The fund lost 1.8% percent in February versus the S&P 500 drop of 2.8% . The equity holdings are up 3.9% for the year against the markets 2.5%.
Volatility has returned! Inflation fears have eased their way into the markets and as a result the 10-year yield has been near 52 weeks, and the equity markets dropping into correction territory of a 10% sell off. The fund returned 5.2% in January and has returned 2% for the year.
The portfolio has returned 22.5% on a money-weighted basis.
The portfolio has returned 18.7% YTD in the equity portion of the portfolio.
With the new fall semester officially underway, the Blazing Alpha Fund is continuing to try to purchase quality companies at reasonable prices. The fund ‘s core goals remain the same, to enhance profitability in the long run.
Despite the losses incurred with the market downturn, the fund is confident in the current holdings and its looking to capitalize on the discounted market.