DBF Balanced 60/40

Investment Overview

  • The DBF Balanced 60/40 strategy includes accounts that primarily hold individual stocks, equity exchange traded funds, and fixed income exchange traded funds.  The equity allocation target of the portfolios in the composite is 60%.
  • The composite holds primarily stocks of companies domiciled in the United States as well as American Depositary Receipts of companies domiciled in foreign countries.
  • Accounts are benchmarked to a blended 60/40 Equity-Fixed Income Index consisting of 60% MSCI All Country World Index (Gross) (MSCI ACWI) and 40% Barclays Capital U.S. Aggregate Bond Index.  No derivatives are used.

Composite Asset Allocation as of December 31, 2017

Benchmarks

The benchmark  for the DBF Balanced  60/40 Composite is a blended 60/40 Equity-Fixed Income index consisting of 60% MSCI All Country World Index (Gross) (MSCI ACWI)/40% Barclays U.S Aggregate Bond Index.  The MSCI ACWI is designed to measure the performance of the broad global equity markets.  The index is free float-adjusted market-cap weighted and is comprised of 23 developed and 23 emerging market country indices.  The Barclays U.S. Aggregate Bond index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS.  Index returns reflect the reinvestment of dividends and other earnings.  Indices are included for comparison purposes only and do not include transaction costs.   Volatility, number of issues, capitalization size, year-to-year return history, and other security attributes of the indices differ from the attributes of the DBF Portfolios.

Company Description

D.B. Fitzpatrick & Co., Inc. (DBF) is an independent investment management firm established in 1984 and is registered with the U.S. Securities and Exchange Commission and the Idaho Department of Finance.  Registration does not imply a certain level of skill or training.  DBF manages a variety of equity, fixed-income, and balanced assets for institutional and individual clients.  DBF also manages the Idaho Commercial Mortgage Program which offers local funding to institutional grade Idaho commercial properties.

Notes

Future returns will depend on future allocation decisions. Past performance does not guarantee future results.  Any investment, including DBF’s portfolios, has the potential of generating losses as well as profits.