Worth Funding Fund – February 28, 2023 / Enterprise Administration

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Worth Funding Fund – Standing on February 28, 2023

                                                                                                                   February 28, 2023         January 31, 2023              February 28, 2023
.                                                                        # of Shares     Price Foundation   Web Market Value*   Web Truthful Market Worth*   Web Truthful Market Worth*
REITs 

.   – Essex Property Belief, Inc. (Tranche #1)              71.6846           $20,000            $227.06                        $16,134.05                      $16,276.71
.   – Essex Property Belief, Inc. (Tranche #2)              77.7000             20,000              227.06                          17,487.94                        17,642.56
.   – Essex Property Belief, Inc. (Tranche #3)            100.0000             22,221             227.06                          22,507.00                         22,706.00
.   – Essex Property Belief, Inc. (Tranche #4)            180.0000             44,980             227.06                           40,512.60                        40,870.80
.       Sub-Totals                                                  429.3846            107,201                                                $96,641.59                      $97,496.07
Leisure
.    – The Walt Disney Firm (Tranche #1)         180.1801             20,000             $98.61                         $19,367.56                      $17,767.56
.    – The Walt Disney Firm (Tranche #2)         200.0000             21,200               98.61                           21,498.00                        19,722.00
.    – The Walt Disney Firm (Tranche #3)         198.0198             20,000               98.61                           21,285.15                        19,526.73
.       Sub-Totals                                                  578.1999              61,200                                                $62,150.71                       $57,016.29
Banking 
.    – Wells Fargo                                                             100.00                      4,267.50              45.77                          $4,587.00                         $4,577.00

Dividend Receivables (Wells Fargo)                                                                                                                -0-                                    30.00
Money on Hand (Foundation, Features, Dividends, PUTS)                                                                                        1,105.67                           1,105.67
Totals (Beginning Price Foundation = $100,000)                                  $172,668.50                                         $164,484.97                     $160,225.03
Accrual adjustment for taxes                                                                                                                         2,600.98                           3,802.16
Totals Web of Taxes (Recapture)                                                                                                           $167,085.95                      $164,027.19
This portfolio’s worth is AFTER TAXES of 28% on all realized positive factors. Complete taxes paid thus far             28,323.59                          28,323.59
Comparative Gross Return Since Inception                                                                                             $195,409.54                     $192,350.78      
Unrealized Earnings (Worth of Respective Market Costs Much less Price Foundation/Charges at Level of Sale)   $(9,289.20)                      $(13,579.14)
*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 Might 2022 with a strike worth of $80/share and an expiration date of June 16, 2023                                                $20,000
  • Norfolk Southern Companybought 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 Pacificbought 12/30/22 (200 Shares) with a strike worth of $145 and an expiration date of August 18, 2023                                             $29,200
  • L3 Harris Applied sciencesbought 12/30/22 (100 Shares) with a strike worth of $150 and an expiration date of October 20, 2023                        $15,100
  • Marriott Lodgesbought 12/30/22 (100 Shares) with a strike worth of $90 and an expiration date of January 19, 2024                                           $9,100
    *Complete monetary dedication = $119,500

Market costs on February 28, 2023 are:

  • JP Morgan Chase (Expiration on 06/16/2023)                                   $143.35  (Strike Value of $80.00)  Present Deviation =  79.19%
  • Essex Property Belief (Expiration 07/21/23)                                       $228.06 (Strike Value of $170.00) Present Deviation =  34.15% 
  • Union Pacific (Expiration 08/18/23)                                                    $207.28 (Strike Value of $145.00) Present Deviation =  42.95%
  • L3 Harris Applied sciences (Expiration 10/20/23)                                   $210.08 (Strike Value of $150.00) Present Deviation =  40.05%
  • Marriott Lodges (Expiration 01/19/2024)                                            $169.24 (Strike Value of $90.00)   Present Deviation =  88.04%
  • Norfolk Southern Corp (Expiration on 01/21/24)                              $224.82 (Strike Value of $145.00) Present Deviation =  55.05%
    *Deviations > 25% are thought-about favorable.

Earnings realized throughout January/February 2023:

  • Dividends of $2.20 per share for Essex Property Belief (429.3846 shares) = $944.65
  • Dividends of $.30 per share for Wells Fargo (100 shares) = $30.00

© 2023, David J Hoare MSA. All rights reserved.

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