Performance of Upgrading Monthly to the
Top Five Funds
Year-by-Year Performance of the Four Classes
| |
Class 1 |
Class 2 |
Class 3 |
Class 4 |
S & P 500
(w/divs) |
Wilshire 5000
(w/divs) |
Russell
2000 |
EAFE
(USD, w/div.) |
T-Bill
3-mo
Yield |
| |
(Recommended) |
|
| 1980 |
20.30% |
55.20% |
29.50% |
|
21.80% |
23.20% |
32.20% |
9.40% |
5.50% |
| 1981 |
-18.30% |
-12.60% |
-2.70% |
|
-5.00% |
-3.80% |
2.00% |
-1.00% |
14.00% |
| 1982 |
34.50% |
22.60% |
35.00% |
|
21.60% |
18.70% |
25.00% |
-0.90% |
10.60% |
| 1983 |
8.00% |
30.90% |
25.60% |
|
22.60% |
>23.50% |
29.10% |
24.60% |
8.60% |
| 1984 |
-20.10% |
-6.80% |
9.10% |
|
6.30% |
3.10% |
-7.30% |
7.90% |
9.50% |
| 1985 |
22.70% |
25.20% |
38.10% |
|
31.70% |
32.60% |
31.10% |
56.70% |
7.50% |
| 1986 |
14.70% |
26.90% |
40.60% |
|
18.70% |
16.10% |
5.70% |
69.90% |
6.00% |
| 1987 |
-11.70% |
-11.00% |
-3.00% |
-5.20% |
5.30% |
2.30% |
-8.80% |
24.90% |
5.80% |
| 1988 |
-3.60% |
16.40% |
15.20% |
10.20% |
16.60% |
17.90% |
24.90% |
28.60% |
6.70% |
| 1989 |
33.40% |
27.50% |
28.30% |
18.90% |
31.70% |
29.20% |
16.30% |
10.80% |
8.10% |
| 1990 |
-24.00% |
-12.30% |
-10.40% |
-3.80% |
-3.10% |
-6.20% |
-19.50% |
-23.20% |
7.50% |
| 1991 |
76.40% |
39.20% |
29.40% |
23.40% |
30.50% |
34.20% |
46.00% |
12.50% |
5.40% |
| 1992 |
2.10% |
-2.80% |
7.90% |
9.10% |
7.60% |
9.00% |
18.60% |
-11.90% |
3.40% |
| 1993 |
19.30% |
25.20% |
21.00% |
21.40% |
10.10% |
11.30% |
18.90% |
32.90% |
3.00% |
| 1994 |
-23.40% |
-4.20% |
1.90% |
-4.90% |
1.30% |
-0.10% |
-1.80% |
8.10% |
4.20% |
| 1995 |
34.90% |
37.20% |
30.50% |
30.60% |
37.60% |
36.50% |
28.30% |
11.60% |
5.50% |
| 1996 |
17.40% |
14.80% |
18.60% |
14.50% |
23.00% |
21.20% |
16.50% |
6.40% |
5.00% |
| 1997 |
10.80% |
21.30% |
27.10% |
27.10% |
33.40% |
31.30% |
22.40% |
2.10% |
5.10% |
| 1998 |
25.30% |
36.60% |
29.80% |
6.40% |
28.60% |
23.40% |
-2.60% |
20.30% |
4.80% |
| 1999 |
155.70% |
112.20% |
43.30% |
30.40% |
21.10% |
23.60% |
21.30% |
27.30% |
4.70% |
| 2000 |
-8.60% |
-7.90% |
6.30% |
0.70% |
-9.10% |
-10.70% |
-3.00% |
-14.00% |
5.90% |
| 2001 |
-11.20% |
7.80% |
8.30% |
8.60% |
-11.90% |
-10.90% |
2.50% |
-21.20% |
3.30% |
| 2002 |
6.10% |
-23.20% |
-14.00% |
-4.80% |
-22.10% |
-20.90% |
-20.50% |
-15.60% |
1.60% |
| 2003 |
42.20% |
55.50% |
40.00% |
34.60% |
28.70% |
28.70% |
47.30% |
39.20% |
1.00% |
| 2004 |
-1.40% |
10.00% |
13.90% |
12.5% |
10.90% |
12.60% |
18.30% |
20.70% |
1.40% |
| 2005 |
37.8% |
17.2% |
8.6% |
8.8% |
4.9% |
6.2% |
3.3% |
16.6% |
3.2% |
| 2006 |
16.7% |
30.4% |
22.6% |
20.9% |
15.7% |
15.8% |
17.0% |
23.6% |
4.8% |
| 2007 |
40.6% |
18.2% |
9.5% |
14.9% |
5.3% |
5.6% |
-2.7% |
8.7% |
4.5% |
| |
| Growth of $100 |
$3,501 |
$7,903 |
$8,457 |
$1,167 |
$2,809 |
$2,626 |
$2,135 |
$2,042 |
$454 |
| |
| Avg. Annual Returns |
13.8% |
17.2% |
17.5% |
12.4% |
12.9% |
12.6% |
11.8% |
11.6%
|
5.7% |
* The Compound Annual Growth is for 27.5 years, from 6/30/80 to 12/31/07.
** Class 3 Results are computed by DAL from its monthly Newsletter (NoLoad FundX) and checked by The Hulbert Financial Digest.
Index Returns are from Weisenberger Financial CO
Disclosures:
NoLoad FundX is published by DAL Investment Company and incorporates our Upgrading strategy. Funds that are included in the newsletter are segregated into 4 risk classes based on historical volatility. As historical performance is not predictive, funds are reviewed periodically and may be moved to a different risk class if it is determined that recent performance justifies a change. Class 3 is our recommended risk category of higher quality no load mutual funds that have historically demonstrated a risk profile similar to that of the S&P 500. The universe of funds in Class 3 is not constant and includes both actively and passively managed funds. NoLoad FundX Class 3 is a model portfolio and does not reflect actual trading. DAL managed accounts experience different results.
Hulbert Financial Digest is an independent publication that tracks the performance of investment newsletters. Hulbert began tracking NoLoad FundX in mid 1980, and maintains a hypothetical portfolio by purchasing the 5 top rated funds from the first page of our newsletter in Class 3. He then holds these positions until he receives the next month's issue at which time he rebalances to that month's top 5 funds. Although fund imposed redemption fees are factored into the results, brokerage fees, taxes and any outside management fees such as those imposed by DAL Investment Company are not. If applicable, these additional costs would have a negative impact on one's actual returns.
Results shown are based on calendar years only. Actual results fluctuate in value on a daily basis and therefore inter-year results would be different (either better or worse) than those shown. Some of the most volatile periods have historically occurred and corrected themselves within a given year. In 2000, for example, the S&P 500 lost 9.1% for the calendar year but lost as much as 15% between 3/24 and 12/21. Each of the indexes shown are for comparison purposes only. Both the indexes and model portfolio assume reinvestment of dividends and capital gains. They do not represent actual investments and are simply used as commonly seen benchmarks to demonstrate the general market environment in each of the calendar years shown. While the model portfolio invests in mutual funds that have internal fees reflected in the reported performance, both the indexes and the model portfolio are presented without any external management fees.
As with all historical data, past performance is not an indication of future results. Investments in equity mutual funds such as those reflected in the performance figures above carry an inherent element of risk including the potential for an actual loss of principal. Hypothetical performance such as that shown above does not take into consideration a variety of real world factors including investment preferences or capital inflows and outflows and actual results may vary.