Commodity Portfolio
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Champion’s Commodity Fund strategy uses quantitative global economic analysis to determine the fund’s allocation to precious and industrial metals, materials, agricultural and energy related commodities. Individual country supply and demand determinants are analyzed for relative value buy and sell opportunities. Champion’s commodity strategy offers the opportunity to be invested in inflation protected asset class. The fund is tactical and is proven to be a relative winner in deflationary as well as inflationary environments. Our process for risk management results in diversification across commodity types, unlike many other commodity products. Exposure to agricultural commodities such as grains, livestock and soybeans has contributed to portfolio outperformance in more recent market cycles. Diversification among commodities is paramount to the overall long run performance of this product.
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Utilizing a macro, or top-down, approach to portfolio analysis, Champion begins by evaluating the health of global markets and specific stock sectors before increasing or decreasing exposure. As macroeconomic analysts, Champion looks for economic trends that lead to long-term change in the market.
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YTD Performance as of 06/30/10
Performance results are calculated using model based portfolios on a monthly total return basis and include all realized and unrealized capital gains and losses (trade-date basis), as well as dividends and interest on cash balances. Portfolio performance does not experience any inflows or outflows. This model portfolio performance reflects all of the changes made to the asset allocation and fund selection throughout the history of the portfolios. Performance results are stated before (gross of) management fees, advisory fees, custodial and transaction fees. Returns are net of mutual fund and exchange-traded fund expenses. The historical rates of return should not be relied upon as indicative of future results.
Quarterly Performance as of 06/30/10
Performance results are calculated using wrap composite returns through Oct 08 and model based portfolios returns Sept 08 to Oct 07 on a monthly total return basis and include all realized and unrealized capital gains and losses (trade-date basis), as well as dividends and interest on cash balances. Model portfolios do not experience any inflows or outflows. The model portfolio performance reflects all of the changes made to the asset allocation and fund selection throughout the history of the portfolios. Performance results are stated before (gross of) management fees, advisory fees, custodial and transaction fees. Returns are net of mutual fund and exchange-traded fund expenses. The U.S. dollar is the currency used to express performance. The historical rates of return should not be relied on as indicative of future results. Estimated yield is based on weighted values of Morningstar Trailing 12-Month Yields. Not FDIC insured. May lose value. No bank guarantee. Investors should also be aware that other performance calculation methods may produce different results and comparisons of investment results should consider qualitative circumstances and should be made only for portfolios with generally similar investment objectives. Please review the mutual fund and exchange-traded fund prospectuses before investing. Additional information regarding policies for calculating and reporting returns is available upon request, in addition to Champion Capital Research’s ADV, 713.974.8883.
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