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Worth Funding Fund – Standing on Could 31, 2023
. Could 31, 2023 April 30, 2023 Could 31, 2023. # of Shares Value Foundation Web Market Value* Web Truthful Market Worth* Web Truthful Market Worth*REITs . – Essex Property Belief, Inc. (Tranche #1) 71.6846 $20,000.00 $215.06 $15,680.29 $15,416.49. – Essex Property Belief, Inc. (Tranche #2) 77.7000 20,000.00 215.06 16,996.10 16,710.16. – Essex Property Belief, Inc. (Tranche #3) 100.0000 22,221.00 215.06 21,874.00 21,506.00. – Essex Property Belief, Inc. (Tranche #4) 180.0000 44,980.00 215.06 39,373.20 38,710.80. Sub-Whole 429.3846 107,201.00 $93,923.59 $92,343.45. – AvalonBay Communities 100.0000 16,917.94 172.98 $17,937.00 $17,298.00
Railroads. – Norfolk Southern Railroad 100.0000 20,808.00 207.18 $20,203.00 $20,718.00
Leisure. – The Walt Disney Firm (Tranche #1) 180.1801 20,000.00 $86.96 $18,288.28 $15,668.46. – The Walt Disney Firm (Tranche #2) 200.0000 21,200.00 86.96 20,300.00 17,392.00. – The Walt Disney Firm (Tranche #3) 198.0198 20,000.00 86.96 20,099.01 17,219.80. Sub-Whole 578.1999 61,200.00 $58,687.29 $50,280.26Banking . – Wells Fargo (Tranche #1) 100.0000 4,267.50 38.81 $3,875.00 $3,881.00. – Wells Fargo (Tranche #2) 400.0000 15,804.00 38.81 15,500.00 15,524.00. Sub-Whole 500.0000 20,071.50 $19,375.00 $19,405.00
Dividend Receivables -0- -0-Money on Hand (Foundation, Beneficial properties, Dividends, PUTS) 1,543.30 1,458.44Totals (Beginning Value Foundation = $100,000) $226,198.44 $211,669.18 $201,503.16Accrual adjustment for taxes 4,396.76 7,323.04Totals Web of Taxes (Recapture) $216,065.94 $208,826.20Margin Account (AvalonBay/Norfolk Southern Buy) (36,986.22) (36,986.22)This portfolio’s worth is AFTER TAXES of 28% on all realized beneficial properties. Whole taxes paid up to now 35,150.98 35,150.98Comparative Gross Return Since Inception $214,230.70 $206,990.96Unrealized Earnings (Worth of Respective Market Costs Much less Value Foundation/Charges at Level of Sale) $(15,702.70) $(26,153.72)*Web of transaction charges of $1.00 per share; thus the quantity within the schedule equals the precise market worth per share at closing much less $1.00 per share.
Worth Funding Fund – Potential Obligations
The Worth Funding Fund’s present publicity associated to PUT choices is as follows:
JP Morgan Chase – bought in Could 2022 with a strike worth of $80/share and an expiration date of June 16, 2023 $20,000
Norfolk Southern Company – bought in September (200 Shares) with a strike worth of $145 and an expiration date of January 21, 2024 $29,000
Essex Property Belief – soutdated 12/30/22 (100 Shares) with a strike worth of $170 and an expiration date of July 21, 2023 $17,100
Union Pacific – bought 12/30/22 (200 Shares) with a strike worth of $145 and an expiration date of August 18, 2023 $29,200
L3 Harris Applied sciences – bought 12/30/22 (100 Shares) with a strike worth of $150 and an expiration date of October 20, 2023 $15,100
Marriott Accommodations – bought 12/30/22 (100 Shares) with a strike worth of $90 and an expiration date of January 19, 2024 $9,100
Essex Property Belief – bought 03/17/23 (100 Shares) with a strike worth of $200 and an expiration date of October 23, 2023 $20,100
Huntington Ingalls – bought 03/17/23 (200 Shares) with a strike worth of $185 and an expiration date of September 15, 2023 $37,200*Whole monetary dedication = $176,800
Market costs on Could 31, 2023 are:
JP Morgan Chase (Expiration on 06/16/2023) $135.71 (Strike Value of $80.00) Present Deviation = 68.87%
Essex Property Belief (Expiration 07/21/23) $216.06 (Strike Value of $170.00) Present Deviation = 27.09%
Union Pacific (Expiration 08/18/23) $192.52 (Strike Value of $145.00) Present Deviation = 32.77%
Huntington Ingalls (Expiration 09/15/23) $201.38 (Strike Value of $185.00) Present Deviation = 8.85%
L3 Harris Applied sciences (Expiration 10/20/23) $175.92 (Strike Value of $150.00) Present Deviation = 17.28%
Essex Property Belief (Expiration 10/23/23) $216.06 (Strike Value of $200.00) Present Deviation = 8.03%
Marriott Accommodations (Expiration 01/19/2024) $167.79 (Strike Value of $90.00) Present Deviation = 86.43%
Norfolk Southern Corp (Expiration on 01/21/24) $208.18 (Strike Value of $145.00) Present Deviation = 43.57%*Deviations > 25% are thought-about favorable.
Earnings realized throughout April/Could/June 2023:
Norfolk Southern – $1.35/Share, 100 Shares = $135.00
Wells Fargo Financial institution – $.30/Share, 500 Shares = $150.00
1st Quarter Earnings Abstract:
Beneficial properties from Securities $20,412.00 *Comerica Financial institution
Dividends 2,131.53
Sale of PUT Choice Contracts 1,840.00Sub-Whole 1st Quarter Earnings $24,383.53
© 2023, David J Hoare MSA. All rights reserved.
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