Total, the Worth Funding Fund dropped in worth 3.5% from the October 31, 2022 stability. The Fund nonetheless is manner forward compared to all the main indices as illustrated right here:
Worth Funding Fund – Standing on November 30, 2022
. November 30, 2022 October 31, 2022 November 30, 2022
. # of Shares Price Foundation Web Market Worth* Web Truthful Market Worth* Web Truthful Market Worth*
REITs
. – Essex Property Belief, Inc. (Tranche #1) 71.6846 $20,000 $219.38 $15,859.50 $15,726.16
. – Essex Property Belief, Inc. (Tranche #2) 77.7000 20,000 219.38 17,190.35 17,045.83
. – Essex Property Belief, Inc. (Tranche #3) 100.0000 22,221 219.38 22,124.00 21,938.00
. – Essex Property Belief, Inc. (Tranche #4) 180.0000 44,980 219.38 39,823.20 39,488.40
. Sub-Totals 429.3846 107,201 $94,997.05 $94,198.39
Leisure
. – The Walt Disney Firm (Tranche #1) 180.1801 20,000 $96.87 $19,016.21 $17,454.04
. – The Walt Disney Firm (Tranche #2) 200.0000 21,200 96.87 21,108.00 19,374.00
. – The Walt Disney Firm (Tranche #3) 198.0198 20,000 96.87 20,899.01 19,182.18
. Sub-Totals 578.1999 61,200 $61,023.22 $56,010.22
Banking
. – Wells Fargo 100.00 4,267.50 46.95 $4,499.00 $4,695.00
Dividend Receivables (Wells Fargo) -0- 30.00
Money on Hand (Foundation, Beneficial properties, Dividends, PUTS) 1,615.11 1,615.11
Totals (Beginning Price Foundation = $100,000) $172,668.50 $162,134.38 $156,548.73
Accrual adjustment for taxes 3,401.79 4,974.17
Totals Web of Taxes (Recapture) $165,536.16 $161,522.89
This portfolio’s worth is AFTER TAXES of 28% on all realized positive factors. Complete taxes paid up to now 25,924.50 25,924.50
Comparative Gross Return Since Inception $191,460.60 $187,447.39
Unrealized Earnings (Worth of Respective Market Costs Much less Price Foundation/Charges at Level of Sale) $(12,149.23) $(17,764.88)
*Web of transaction charges of $1.00 per share; thus the quantity within the schedule equals the precise market value per share at closing much less $1.00 per share.
Worth Funding Fund – Potential Obligations
The Worth Funding Fund’s present publicity associated to PUT choices is as follows:
- Union Pacific Railroad – offered in Feb 2020 with a strike value of $155/share and an expiration date of January 21, 2023 $20,000
- JP Morgan Chase – offered in Might 2022 with a strike value of $80/share and an expiration date of June 16, 2023 $20,000
- Norfolk Southern Company – offered in September (200 Shares) with a strike value of $145 and an expiration date of January 21, 2024 $29,000
Market costs on November 30, 2022 are:
- Union Pacific Railroad (Expiration on 01/21/2023) $217.43 (Strike Worth of $155.00) Present Deviation = 40.27%
- JP Morgan Chase (Expiration on 06/16/2023) $138.18 (Strike Worth of $80.00) Present Deviation = 72.72%
- Norfolk Southern Corp (Expiration on 01/21/24) $253.36 (Strike Worth of $145.00) Present Deviation = 74.73%
*Deviations > 25% are thought of favorable.
Worth Funding Fund – Earnings 12 months-To-Date
First Quarter Earnings:
. Offered Huntington Ingalls 03/07/22 Web Realized Acquire $5,557.05
. Dividends Earned (First Quarter 2022) 271.34
. Web Earnings from Gross sales of PUT Contracts 573.10
. First Quarter Earnings $6,401.49
Second Quarter Earnings:
. Web Earnings from Gross sales of PUT Contracts $3,908.57
. Dividends Earned 607.46
. Second Quarter Earnings $4,516.03
Third Quarter Earnings:
. Web Earnings from Gross sales of PUT Contracts $1,040.00
. Dividends Earned 654.26
. Third Quarter Earnings $1,694.26
Fourth Quarter Earnings:
. Realized Beneficial properties from Sale of Wells Fargo $7,623.19
. Dividends Earnings (Wells Fargo) 30.00
Complete Realized Earnings 12 months to Date 2022 $20,264.97 (11.97% Realized Return to Date)
Taxes Paid to Date 2022 – $3,531.30 (28% of the $12,611.78 Realized Through September thirtieth 2022)
© 2023, David J Hoare MSA. All rights reserved.