Starting 2024, we establish the portfolio Benchmark as 30% of the Bloomberg Barclays U.S. Aggregate Bond Index and 70% of the Standard and Poor’s 500 Market Index (S&P 500).

With that, the objectives of this Fund are as follows:

• The Fund attempts to assume a risk-adjusted return greater than the portfolio Benchmark.  Thus, the Fund attempts to maintain a beta less than 0.7.
• The Fund looks to realize the highest level of return, consistent with its Benchmark’s risk level.
• The Fund seeks a turnover rate of less than 100%.  The Fund needs a healthy rate of turnover to achieve its goal of capital growth, but excessive turnover violates the Fund’s long-term appreciation strategy as well as diminishes returns through transaction costs.
• The Fund also tries to achieve above-average risk-adjusted returns based on the Sharpe and Treynor performance ratios.  Positive risk-adjusted returns in both of these measures reflect superior results; therefore, the risk-adjusted returns of each measure should be higher than the Benchmark’s risk-adjusted return.
• The Fund helps the Managers gain valuable experience in creating and maintaining a portfolio and developing financial analysis skills in a real-world situation.
• An emphasis on buy and sell points to help cut losses by automatically selling portions of our position, or buying additional shares as the stocks cross certain price thresholds.