Long- Term Value Portfolio for Week Ending 12/28 and Year-End

At the end of the Christmas week, the Long-term value portfolio lost 80 basis point (bps) in value. However, the S&P 500 lost 190 bps over the same time and the portfolio gained ground against the market. Since inception, the portfolio has gained 4.9% or 1.9% better than the market. Including dividends on the S&P 500, the Long-term value portfolio is ahead of the market by about 20 bps.



For the year-end,the Long-term value portfolio gained 7% versus a 4.9% increase on the S&P 500 over the same time-period. Including dividends, the portfolio put in 40 bps better performance than the market.