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Week
in review:
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Looking
Good -
Orders for durable goods
rose 1.4 percent in June,
the largest increase in three years. Sales of new homes
increased 4 percent to a
record 1.374 million annual rate.
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Q2 GDP - The U.S. economy grew at a 3.4 percent annual pace
from April through June, the ninth straight quarter exceeding 3
percent, as booming sales allowed companies to pare bloated
inventories. Inflation slowed.
-
Great
month for stocks - Most major equity indexes reach 4 year highs.
Russell 1000 Value and Russell 2000 set new all time record highs.
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Intermediate rates up -
2yr Treasury rates hit 4yr highs at 4.00 percent. This month alone
we've seen a rate gain of 40 basis points in the 2yr through 5yr
Treasuries.
ASSET
CLASS RETURNS
.
Portfolio
Performance REVIEW
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"No man goes before his time--unless his boss leaves first."
-- Groucho Marx
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% change in week ending 08/5/05 |
S&P500 |
0.04 |
US Lg Val (Russell 1000 Value) |
0.04 |
US Sm (Russell 2000) |
2.12 |
Intl (EAFE) |
0.89 |
Intl Sm (EAFE Small) |
1.32 |
3-5yr Treas (Bloomberg) |
(0.32) |
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% change |
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Bloomberg Silicon Valley Index |
Last 12 months |
19.11 |
YTD |
2.74 |
Last 5 sessions |
(1.10) |
CONTACT
US
RCM Robinson Capital Management LLC
27 Reed Blvd, Mill Valley, CA 94941
Tel: 1.415.771.9421
Fax: 415.762.1980
Email
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Portfolio
Performance is calculated by the Bloomberg
Professional System on a total return basis.
Current
portfolio allocations
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Important Performance Disclosure Information
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Asset
Class returns are represented by market indexes that are
unmanaged baskets of securities. Investors cannot directly
invest in market indexes. Foreign securities involve additional
risks, including foreign currency changes, political risks,
foreign taxes and different methods of accounting and financial
reporting.
Portfolio Performance is the total return of
seven unique asset allocation strategies that seek to fit the
distinct needs of different investor goals, risk tolerance
levels and investment time horizon. Each portfolio contains up
to 16 individual funds totaling over 4000 securities, managed by
OppenheimerFunds.
The portfolios are designed to create efficient diversification
through the selection of mutual funds that may have a low
correlation between asset classes.
The purpose of these tables and charts is for you to follow
specific market indexes, observe asset class rotation and to
compare actual portfolio returns net of management fees.
Asset allocation strategy is available
here.
Performance
quoted is past performance and cannot guarantee comparable
future results. Performance figures reflect reinvestment of
distributions and changes in net asset value (NAV). Investment
return and principal value will vary so that you may have a gain
or loss when you sell shares. The contingent deferred sales
charge (CDSC) on Class C is 1%. No CDSC will be imposed on redemptions
of Class C shares following one year from date shares were
purchased. Performance shown does not include applicable CDSC,
which would have reduced performance.
Before
investing in any of the
OppenheimerFunds, investors should
carefully consider a fund's investment objectives, risks,
charges and expenses. The fund's prospectus contains this and
other information about the fund. Read prospectuses
carefully before investing.
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S&P 500 - Standard & Poor's 500 Index (not
including dividends) - generally considered a U.S. Large Growth
company market index. |
Russell
1000 Value Index (US Lg Val) - generally considered a U.S.
Large Value company market index. |
Russell 2000 Index (US Sm)- generally considered a U.S.
Small company market index. |
EAFE - EAFE Index (Intl) (not including dividends) Europe,
Australia, Far East and generally considered a large company
international market index. |
EAFE Sm - EAFE Small Index (Intl Sm) (not including dividends)
Europe, Australia, Far East and generally considered a small company
international market index. |
Bloomberg Silicon Valley
Index - market index of high tech companies located in the Silicon
Valley area. |
Global Hedge Fund Index - representative of the overall
composition of the hedge fund universe. It is comprised of eight strategies:
convertible arbitrage, merger arbitrage, equity hedge, equity market neutral,
relative value arbitrage, event driven, distressed securities, and macro. The
strategies are asset weighted based on the distribution of assets in the hedge
fund industry.
See hedge
fund risks. |
3-5yr Treas. - Bloomberg U.S. Government Treasuries
3-5 year maturities index and generally considered a intermediate
maturity U.S. Government Note index. |
All investments involve
risk, including loss of principal. Foreign securities involve additional
risks, including foreign currency changes, political changes, foreign
taxes, and different methods of accounting and financial reporting.
The
foregoing has been prepared solely for informational purposes, and is not
an offer to buy or sell or a solicitation of an offer to buy or sell any
security or instrument or to participate in any particular trading
strategy.
The information contained herein is based on
sources and data believed reliable, but is not guaranteed. Advisory
services offered through RCM Robinson Capital Management LLC, SEC
Registered Investment Advisor. Securities offered through Securities
America, Inc., Member FINRA/SIPC. Douglas C. Robinson, Registered
Representative. RCM Robinson Capital Management LLC and Securities
America, Inc. are separate and unaffiliated.
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