CD and Money Market Fund Returns Too Low for You?MILFORD Milford. 1 Residential city (1990 pop. 49,938), New Haven co., SW Conn., on Long Island Sound; settled 1639, inc. as a city 1959. Oysters and clams are gathered there for commercial use, and the city also has light manufacturing, such as the production , Mass.--(BUSINESS WIRE)--Sept. 11, 1999-- Donoghue's Power Income Portfolio Produced a Total Return of 10.86% for the Past Year, 12.28% Average Annual Yield Since Inception - Net of All Fees. W.E. Donoghue & Co., Inc., (WEDCO) reports the one year results of 10.86 % for its Power Income Portfolio. Using a proprietary defensive strategy, this portfolio invests 100% in a high yield bond fund ("junk bond junk bond, a bond that involves greater than usual risk as an investment and pays a relatively high rate of interest, typically issued by a company lacking an established earnings history or having a questionable credit history. fund") and switches 100% into a money market mutual fund when circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or warrant. This portfolio should be considered as a relatively conservative strategy suitable for consideration as a substitute to lower-yielding certificates of deposit or money market funds. In the 13 1/2 year history of this portfolio it lost money (-3.36%, net of all fees) in only one year. The results of this powerful portfolio are summarized below. (Individual accounts, depending upon their exact purchase and sale dates may have experienced returns higher or lower than those displayed below.) -0-
Time Period Cumulative Annualized
Total Return Total Return
1 Year
(9/9/98-9/9/99) 10.86 % n/a
Since inception(a)
(12/30/86-9/9/99) 335.02 % 12.28 %
(a)Performance reflects the track record of WEDCO since 1998 and the sub-advisor it uses for this portfolio prior to 1998. These returns include the deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. of the maximum annual W.E. Donoghue & Co., Inc., investment management fee of 1.75%. Unlike a certificate of deposit, this portfolio is not a bank deposit, thus is not insured by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). . All investing involves risk, including loss of principal. Past performance is no guarantee of future performance. W.E. Donoghue & Co., Inc., (WEDCO) is an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and serving individuals, trusts and retirement plans since 1986. With over $100 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , WEDCO manages portfolios of mutual funds on a fee-only basis. WEDCO is never compensated by the funds it utilizes for client portfolios. For a special report on WEDCO's Power Portfolios contact us at 1-800-642-4276 or email bill@donoghue.com |
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