Annualized Returns (as of 3/31/2020)
|YTD*||1 Yr||3 Yr||5 Yr||10 Year||Since Inception|
|Dividend Income (Gross)|
|Dividend Income (Net)|
|Buy Write (BXM)|
*Year-to-date return figures are not annualized.
|Year End||Dividend Income (Gross)||Dividend Income (Net)||S&P 500 Buy-Write Index|
|2007 (from 10/1 to 12/31)||-2.57%||-2.82%||2.37%|
Net performance is calculated as the gross return minus the average weighted fee for each quarter as determined by the individual account fee and account value for each account in the strategy. Returns are based on a composite of accounts invested in a similar strategy. Individual client returns may vary from composite returns.
Accounts’ values may diminish at any time due to adverse market conditions. Past performance is not indicative of future returns. The publishing of these returns does not constitute a solicitation of sale.
The information shown above is supplemental to the compliant presentation.
Gyroscope Capital Management Group, LLC, an investment advisor, does business as Gyroscope Capital Management Group.
Prospective clients and other interested parties can obtain a copy of the Compliant Presentation for the Dividend Income Portfolio by contacting Robert Carr by phone at 1-239-219-0550 or by e-mail at email@example.com
Gyroscope Capital Management Group, LLC (“GCMG”) claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. GCMG has been independently verified for the periods 10/1/2007 to 12/31/2018.
Large Cap Dividend Income Composite includes all portfolios that invest in large cap dividend paying equities with covered call sales and for comparison purposes is measured against the S&P 500 CBOE BuyWrite Index (BXM). The minimum account size for this composite is $100 thousand. The Large Cap Dividend Income Composite was created September 10, 2007.
The S&P 500 CBOE BuyWrite Index is a hypothetical index in consideration of a portfolio owning the S&P 500 and selling a 1 month covered call just above the prevailing index value (i.e. slightly out of the money). The call is held until expiration and cash settled at which time a new one-month, near-the-money call is written.
Results are based on fully discretionary accounts under management, including those accounts no longer with the firm.
Returns are a composite of accounts invested in the Dividend Income Strategy. To be included in the composite, a client’s portfolio must have at least 70% of the account value invested in the Strategy. Return calculations use accrual basis accounting. Portfolio return calculations and valuations are based on trade settlement date. The Investment Committee has executed sales of call options (“Covered Calls”) on the stocks held in the Portfolio to enhance income and total returns in the Portfolio since May 15, 2010. Prior to this date, covered call sales were not employed in 70% or more of the portfolios which constitute the composite.
No leverage or short positions have been used in this composite. The use of derivatives in this composite is limited to the sale (and subsequent repurchase) of covered call options to generate additional premium income.
The CBOE S&P 500 BuyWrite Index is an appropriate benchmark for the Dividend Income Portfolio Composite. The Dividend Income portfolio contains the common shares issued by large capitalization U.S. - based companies, or the American Depository Receipts (ADRs issued by U.S. depositary banks) representing ownership in a non U.S. company. Benchmark performance for the portfolio is calculated using daily cash flows and the geometric mean of monthly returns.
The U.S. Dollar is the currency used to express performance.