Annualized Returns (as of 3/31/2020)
|YTD*||1 Yr||3 Yr||5 Yr||Since Inception|
|Optimal Weight (Gross)|
|Optimal Weight (Net)|
|CBOE BuyWrite Index|
*Year-to-date return figures are not annualized.
|Year End||Optimal Weight (Gross)||Optimal Weight (Net)||S&P 500 Buy-Write Index|
*For 2013, performance is from 5/1/2013 to 12/31/2013
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 Optimal Sector Weight Portfolio by contacting Robert Carr by phone at 1-239-219-0550 or by email at firstname.lastname@example.org.
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.
Optimal Sector Weight Composite includes all portfolios that invest in GICS Sector ETFs with covered call sales to generate additional income and for comparison purposes is measured against the CBOE BuyWrite Index (BXM). 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. The minimum account size for this composite is $100 thousand. The Optimal Sector Weight Composite was created April 24, 2013.
The CBOE S&P 500 BuyWrite Index is an appropriate benchmark for the Optimal Sector Weight Portfolio Composite. The CBOE S&P 500 BuyWrite Index is a hypothetical index which invests in S&P 500 corporations and sells at-of-the money calls on the S&P 500 Index. The Optimal Sector Weight 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. Covered calls are also sold on those positions within the portfolio. Benchmark performance for the portfolio is calculated using daily cash flows and the geometric mean of monthly returns.
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 Optimal Sector Weight 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.
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 U.S. Dollar is the currency used to express performance.