Worth Funding Fund – March 31, 2023 / Enterprise Administration

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Worth Funding Fund – Standing on March 31, 2023

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

.   – Essex Property Belief, Inc. (Tranche #1)              71.6846           $20,000            $208.14                        $16,276.71                       $14,920.43
.   – Essex Property Belief, Inc. (Tranche #2)              77.7000             20,000              208.14                          17,642.56                         16,172.48
.   – Essex Property Belief, Inc. (Tranche #3)            100.0000             22,221             208.14                           22,706.00                         20,814.00
.   – Essex Property Belief, Inc. (Tranche #4)            180.0000             44,980             208.14                           40,870.80                         37,465.20
.       Sub-Totals                                                  429.3846            107,201                                                $97,496.07                       $89,372.11
.   – AvalonBay Communities                             100.0000             16,586.22       167.06                                                                   $16,706.00

Leisure
.    – The Walt Disney Firm (Tranche #1)         180.1801             20,000             $99.13                         $17,767.56                       $17,861.26
.    – The Walt Disney Firm (Tranche #2)         200.0000             21,200               99.13                           19,722.00                         19,826.00
.    – The Walt Disney Firm (Tranche #3)         198.0198             20,000               99.13                           19,526.73                         19,629.70
.       Sub-Totals                                                  578.1999              61,200                                                $57,016.29                       $57,316.96
Banking 
.    – Wells Fargo (Tranche #1)                                             100.0000                     4,267.50           36.38                          $4,577.00                           3,638.00
.    – Wells Fargo (Tranche #2)                                400.0000              15,804.00          36.38                                                                   14,552.00
.       Sub-Whole                                                   500.0000             20,071.50                                                                                     $18,190.00

Dividend Receivables (Essex/Avalonbay)                                                                                                       30.00                            1,156.88
Money on Hand (Foundation, Positive aspects, Dividends, PUTS)                                                                                        1,105.67                               756.28
Totals (Beginning Price Foundation = $100,000)                                  $205,058.72                                         $160,225.03                     $183,498.23
Accrual adjustment for taxes                                                                                                                         3,802.16                           6,572.62
Totals Web of Taxes (Recapture)                                                                                                           $164,027.19                     $190,070.85
Margin Account
(AvalonBay Buy)                                                                                                                                                      (16,586.22)
This portfolio’s worth is AFTER TAXES of 28% on all realized good points. Whole taxes paid up to now             28,323.59                          35,150.98
Comparative Gross Return Since Inception                                                                                             $192,350.78                     $208,635.61
Unrealized Earnings (Worth of Respective Market Costs Much less Price Foundation/Charges at Level of Sale)  $(13,579.14)                     $(23,473.65)
*Web of transaction charges of $1.00 per share; thus the quantity within the schedule equals the precise market value 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 offered in Could 2022 with a strike value of $80/share and an expiration date of June 16, 2023                                                $20,000
  • Norfolk Southern Companyoffered in September (200 Shares) with a strike value of $145 and an expiration date of January 21, 2024   $29,000
  • Essex Property Belief – soutdated 12/30/22 (100 Shares) with a strike value of $170 and an expiration date of July 21, 2023                                  $17,100
  • Union Pacificoffered 12/30/22 (200 Shares) with a strike value of $145 and an expiration date of August 18, 2023                                             $29,200
  • L3 Harris Applied sciencesoffered 12/30/22 (100 Shares) with a strike value of $150 and an expiration date of October 20, 2023                        $15,100
  • Marriott Innsoffered 12/30/22 (100 Shares) with a strike value of $90 and an expiration date of January 19, 2024                                           $9,100
  • Essex Property Beliefoffered 03/17/23 (100 Shares) with a strike value of $200 and an expiration date of October 23, 2023                            $20,100
  • Huntington Ingallsoffered 03/17/23 (200 Shares) with a strike value of $185 and an expiration date of September 15, 2023                            $37,200
    *Whole monetary dedication = $176,800

Market costs on March 31, 2023 are:

  • JP Morgan Chase (Expiration on 06/16/2023)                                   $130.31  (Strike Worth of $80.00)  Present Deviation =  62.89%
  • Essex Property Belief (Expiration 07/21/23)                                       $209.14 (Strike Worth of $170.00) Present Deviation =  23.02% 
  • Union Pacific (Expiration 08/18/23)                                                    $201.26 (Strike Worth of $145.00) Present Deviation =  38.80%
  • Huntington Ingalls (Expiration 09/15/23)                                           $207.02 (Strike Worth of  $185.00) Present Deviation = 11.90%           
  • L3 Harris Applied sciences (Expiration 10/20/23)                                   $196.24 (Strike Worth of $150.00) Present Deviation =  30.82%
  • Essex Property Belief (Expiration 10/23/23)                                       $209.14 (Strike Worth of $200.00) Present Deviation =    1.07%
  • Marriott Inns (Expiration 01/19/2024)                                            $166.04 (Strike Worth of $90.00)   Present Deviation =   84.48%
  • Norfolk Southern Corp (Expiration on 01/21/24)                              $212.00 (Strike Worth of $145.00) Present Deviation =   46.20%
    *Deviations > 25% are thought-about favorable.

Earnings realized throughout January/February/March 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
  • Dividends of $2.31/Share for Essex Property Belief (429.3846 shares) = $991.88
  • Dividends of $1.65/Share for Avalonbay (100 shares) = $165.00
  • Acquire on Sale of Comerica Financial institution = $20,412.00
  • Bought PUT contract on Essex Property Belief $900
  • Bought PUT contract on Huntington Ingalls = $940

1st Quarter Earnings Abstract:

  • Positive aspects from Securities                                         $20,412.00 *Comerica Financial institution 
  • Dividends                                                               2,131.53
  • Sale of PUT Choice Contracts                               1,840.00
    Sub-Whole 1st Quarter Earnings                     $24,383.53

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

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