The Fund's Report for June 2004:
SUMMARY:
What the heck is going on?
Contax's Five & Dime and Two $$ Too Investment Fund (CFDTDF)
continued with the swoon dive from May! For the second month in a
row, the CFDTDF Fund lagged behind its benchmark S&P 500 Index.
In fact, it did worse than just lag. While the S&P increased in value,
the Fund somehow managed to find a way to lose value! After all
the bluster of the first six months, the last two months performance, or
should I say “lack of performance,” has definitely been a
humbling experience…
The Fund, ended the month of June with a Net Asset Value (NAV) of
$30,655.07, down yet another whopping 14.22% from its end of May
closing value of $35,738.44. This loss of $5083.37 in the Fund’s NAV,
contrasts quite sharply with the gain of 20.16 points, or 1.79%, in the
S&P 500 Index. After yet another dismal performance in June, the Fund
though is still up a respectable +53.27% in the little over 7 months of its
existence, while the Fund’s benchmark S&P 500 is up a mere +8.32% in
that same period.
The Fund which enjoyed a 21x lead over the S&P 500 at the end of
April, and then saw that lead whittled down to a just 12x at the end of May,
saw a further reduction at the end of June to a more modest 6x lead. What
it means is that the Fund’s to-date return of 53.27% is 6 times greater than
the S&P 500’s return of 8.32%.
However, I am cautiously optimistic going forward with the belief that the
worst may just be over …
The CFDTDF Fund's current Net Asset Value (NAV): $30,655.07
(As of June 30th. 2004)
The CFDTDF Fund's original Net Asset Value (NAV) (Nov. 9th. 2003): $20,000
Net Gain or (Loss) in CFDTDF Fund's value since the Fund's inception: + $10,655.07
Net Gain or (Loss) in CFDTDF Fund's value since the end of last month: ($5083.37)
Percentage change in the CFDTDF Fund's Net Asset Value from the previous month: - 14.22%
Percentage change in the CFDTDF Fund's Net Asset Value since the Fund's inception: + 53.27%
The S&P 500 current reading: 1,140.84 (As of June 30th, 2004)
The S&P 500’s last month’sreading: 1,120.68
Net change in the S&P 500 since end of the last month: + 20.16 points
Net % change in the S&P 500 since the end of the last month: + 1.79%
The S&P 500 original reading (November 9th. 2003): 1053.21
Net change in the S&P 500: + 87.63 points
Percentage change in the S&P 500 since the Fund’s inception: + 8.32%.
Fund's Performance versus the S&P 500: + 44.95%
The following, is the Contax's Five & Dime and Two $$ Too Investment
Fund’s (CFDTDF) current stock holdings along with their
end of the month closing price(s):
Updated Fund Position:
1) PPHM: 5000 shares Valued at $7,300.00 (June Closing Price: $1.46)
2) MOBL: 34,808 shares Valued at $6,265.44 (June Closing Price: $0.18¢)
3) EMA: 3577shares Valued at $6,009.36 (June Closing Price: $1.68)
4) BIPH: 4000 shares Valued at $4,040.00 (June Closing Price: $1.01¢)
5) LPLHB: 8807 shares Valued at $3,082.45 (June Closing Price: $0.35¢)
6) ALAN: 1,042 shares Valued at $1,625.52 (June Closing Price: $1.56)
7) FRCP: 4003 shares Valued at $740.55 (June Closing Price: $0.185¢)
8) DLGI: 1000 shares Valued at $610.00 (June Closing Price: $0.61¢)
9) MXDY: 4,650 shares Valued at $534.75 (June Closing Price: $0.115)
10) CYAN: 100 shares Valued at $139.00 (June Closing Price: $1.39)
11) ADVR: 1000 shares Valued at $105.00 (June Closing Price: $0.105¢)
12) FLCR: 1,000 shares Valued at $100.00 (June Closing Price: $0.10¢)
13) $Cash$ on June 30th. 2004: $103.00
The current holding(s) as a percentage of the CFDTDF Fund's present Net Asset Value (NAV) is as follows:
1) PPHM = 23.81%
2) MOBL= 20.44%
3) EMA = 19.60%
4) BIPH = 13.18%
5) LPLHB = 10.06%
6) ALAN = 5.30%
7) FRCP = 2.42%
8) DLGI = 1.99%
9) MXDY = 1.74%
10) CYAN= 0.45%
11) ADVR= 0.34%
12) FLCR = 0.33%
13) $Cash$: 0.34%
The Current NAV of the Fund is $ 30,655.07
To date, the total percentage of the NAV invested: 99.66%.
Present cash position of the Fund: $103.00
Cash Available to Purchase: $103.00
Cheers!
contax
AI
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