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I risultati della formula per gli ultimi dieci anni

Formula Investing’s Model Portfolio Performance based on Joel Greenblatt’s Investment Strategy
Hypothetical Growth of $10,000
Returns by Time Period
Calendar Year Returns
Graph of $10,000 invested in Formula Investing Model Portfolio vs. S&P 500
July 1, 1999 through June 30, 2009
Formula Investing

Important Disclosures for Model Portfolio Performance Results

Back-tested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational and illustrative purposes to indicate historical performance had the model portfolio been available over a relevant period. These results are not intended to recommend trades or be considered investment advice.

The results of the model portfolio performance:

  • Reflect the strategy of buying an equity portfolio of 24 top-ranked US listed equities that are within the 20% largest companies, as measured by market capitalization. As of June 30, 2009, these companies would have market capitalizations of approximately $890 million or greater. The portfolio is rebalanced quarterly and after the initial rebalancing, stocks are held for approximately one year. The ranking of these stocks is determined by a proprietary formula that considers two major factors: return on capital and earnings Yield.
  • Use average composite returns that were calculated by initially establishing 12 model portfolios starting on the first day of every month beginning on July 1, 1999 and ending on June 1, 2000. These model portfolios were then used throughout the ten year period ending June 30, 2009.
  • Reflect the strategy that is used to manage Formula Investing’s Professionally-Managed accounts.
  • Are not based on actual trading and do not reflect the potential market impact of buying and selling securities, trade timing, and security liquidity.
  • Reflect the deduction of a quarterly management fee of 0.25% of total assets.
  • Include dividends that are held as cash until the next quarterly rebalancing and are then reinvested into the new portfolio holdings
  • Represent a 100% initial investment in equities, while the actual results of using this strategy typically results in a small percentage of assets in cash. This cash cushion would generally reduce overall performance in rising markets and improve overall performance in declining markets.
Back-tested performance results have certain inherent limitations. No representation is being made that any model or model mix will achieve performance similar to that shown. Formula Investing reserves the right to modify its current investment strategy at any time. Viewers should remember that past performance is no guarantee of future performance.

The results of the S&P 500 Index:

  • Include the reinvestment of dividends.
  • Will have a volatility that is materially different from that of the model portfolio.
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Past performance is not indicative of future results. This material is not financial advice. The data shown in these screens is for demonstration purposes only and does not represent actual results. This is not a recommendation to purchase or sell any particular security. There is no guarantee that the strategies discussed will prove to be profitable. Formula Investing, LLC is a registered investment advisor.

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