{"id":1416,"date":"2007-11-05T01:38:36","date_gmt":"2007-11-05T05:38:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1416"},"modified":"2007-11-05T01:38:36","modified_gmt":"2007-11-05T05:38:36","slug":"mapf-performance-october-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1416","title":{"rendered":"MAPF Performance, October 2007"},"content":{"rendered":"

Malachite Aggressive Preferred Fund has been valued for October, 2007, month-end. The unit value is $8.8084. Returns over various periods are:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
MAPF Returns to October, 2007<\/td>\n<\/tr>\n
One Month<\/td>\n-3.72%<\/td>\n<\/tr>\n
Three Months<\/td>\n-4.72%<\/td>\n<\/tr>\n
One Year<\/td>\n-3.06%<\/td>\n<\/tr>\n
Two Years (annualized)<\/td>\n+1.52%<\/td>\n<\/tr>\n
Three Years (annualized)<\/td>\n+3.13%<\/td>\n<\/tr>\n
Four Years (annualized)<\/td>\n+6.08%<\/td>\n<\/tr>\n
Five Years (annualized)<\/td>\n+9.87%<\/td>\n<\/tr>\n
Six Years (annualized)<\/td>\n+7.95%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Returns assume reinvestment of dividends, and are shown after expenses but before fees. Past performance is not\u00a0 a guarantee of future performance. You can lose money investing in Malachite Aggressive Preferred Fund or any other fund. For more information, see the fund’s main page<\/a>.<\/p>\n

The October returns are disappointing. As has been stated in the post regarding portfolio composition<\/a>, the fund made a major move into the PerpetualDiscount sector during the course of the month. The sector looked thoroughly undervalued at the time of the trades … but it just kept on going down. The ghastly performance of the PerpetualDiscount sector has been discussed elsewhere<\/a>.<\/p>\n

As noted in the discussion of portfolio composition, I am very happy with the portfolio as it stood on October 31. HIMIPref\u2122 was, perhaps, too early in determining that sufficient value existed in the sector to be worth a switch – and a switch between sectors requires a much greater increase in value than an intra-sector trade – but that’s the way it goes sometimes. A less sensitive system would miss potentially profitable trades.<\/p>\n

More later.<\/p>\n","protected":false},"excerpt":{"rendered":"

Malachite Aggressive Preferred Fund has been valued for October, 2007, month-end. The unit value is $8.8084. Returns over various periods are: MAPF Returns to October, 2007 One Month -3.72% Three Months -4.72% One Year -3.06% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1416","post","type-post","status-publish","format-standard","hentry","category-mapf"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1416"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1416\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}