For the week ending March 22, the Long-Term Value Portfolio declined by 1%. This compares to the 24 basis points lost on the S&P 500, or more than a 75 basis points relative loss.
The latest weekly performance leaves the portfolio having gained 6.6 percentage year-to-date, or down 250 basis points relative to the S&P 500 over the same time period. Since inception, the portfolio has gained more than 14 percentage points, slightly lower than the performance on the S&P 500 over the same relative time period.
Despite decent gains in positions like DMND, TLP, or COP, the loss producing names more than offset the gainers. The largest sectors contributing to the loss were in the consumer groups and the healthcare sector. Specifically, positions in KEG, IVC, CHK, and ANN helped contribute to the relative loss.
Despite decent gains in positions like DMND, TLP, or COP, the loss producing names more than offset the gainers. The largest sectors contributing to the loss were in the consumer groups and the healthcare sector. Specifically, positions in KEG, IVC, CHK, and ANN helped contribute to the relative loss.
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