Warren Dividend Safer-Equity Fund Monthly Performance
February 28, 2017 NAV (Unofficial) 35.16 up +3.67%
Big Div YTD% Chg: up 5.86%
S&P MTD% Chg: up 3.72%
S&P YTD% Chg: up 5.57%
Benchmark MTD% Chg: up 2.89%
Benchmark YTD% Chg: up 4.26%
January 31, 2017 NAV (Official) 33.91 up +2.11%
S&P MTD %Change: 1.79% Benchmark MTD %Change 1.33%
December 31, 2016 NAV (Official) 33.21 up +1.70%
Year-to-Date Big Div was up 8.50% which beats the 60/40 benchmark (6.93%) and falls just short of the SP (9.54%)
November 30, 2016 NAV (Official) 32.66 up +4.46%
S&P was up 3.42% for the month. Benchmark was up 1.68% for the month.
October 31, 2016 NAV (Official): 31.26 down -2.67%
YTD% Chg: +2.13%
Tough month for the markets and the fund. Leading up to the election the markets got very pessimistic. Coming out after the election the markets turned very bullish and should erase all the losses from October during November.
September 30, 2016 NAV (Official) 32.12 up 0.09%
S&P MTD: -0.12%
Benchmark MTD: -0.18%
August 31, 2016 NAV (Official) 32.09 unchanged (due to rounding)
August was a very quiet month with little to no volatility. Obviously, this can’t continue and we expect volatility in September. Big Div for the year is up a little less than 5% so far.
July 31, 2016 NAV (Official) 32.10 up 4.23%
Nice month for Big Div as the SP was up only 3.56%
June 30, 2016 NAV (Official) 30.80 no change
Brexit caused no problems. The market has been defensive for the first half of this year, but may turn toward more risk taking in the second half.
May 31, 2016 NAV (Official) 30.80 up 1.76%
So far this year, markets aren’t moving much. -3 to +3 revolving around flat.
So these numbers, while nicely positive, will get dramatically better if the market actually begins to move up.
April 30, 2016 NAV (Official) 30.27 up 0.13%
Markets rallied in April only to give up most of their gains. Both the SP and Warren Div eeked out small gains.
March 31, 2016 NAV (Official) 30.23 up 6.38%
The big rally which began in February continued through March bringing the market most of the way back to the start of the year.
Vix did not top 40 in the recent Jan/Feb downturn, so options were not “banked” to offset any loss. In other words, it never got that bad.
But our vol options were in place and ready to protect our investors if the market had fallen further.
February 29, 2016 NAV (Official) 28.42 down -0.42%
Big rally in the market at the end of February which was nice to see.
Vix has not topped 40 at any time so far this calendar year.
January 31, 2016 NAV (Official) 28.54 down -6.76%
The SP500 ended January 2016 down -5.07%
A difficult month where things like Biotech, the Nasdaq, Small Caps, and Healthcare were down quite a bit more than the SP in general.
So being diversified has not been a good thing lately.
Warren Macro VIX Indicator (MVI)
Current Warren Macro VIX Indicator Reading: 0
Last Changed on 11/9/16: 35 down to 0