Long-term Value Porfolio Update for Week Ending 1/11/13

For the most recent week, the Long-term Value Portfolio lost 50 basis points of value or 90 basis points relative to the market over the same time period, as the S&P 500 gained nearly 40 basis points (bps). Year-to-date, the portfolio remains in the positive column with a 3.3 percentage point gain or just over the market's gain of 3.2%. Since inception, the portfolio have gained 10.5% or 240 bps better than the market over the same comparable time period. This can seen in the chart below showing the portfolio (blue line) the S&P 500 (green) and the NASDAQ (brown)

The loss on the week came primarily from underperformance of names in the consumer staples, energy, and materials sectors only partially offset by gains in financial, healthcare and telecom stocks.