DBF Diversified Core

Investment Overview

  • The DBF Diversified Core Equity composite includes accounts that hold individual stocks or a blend of individual stocks and equity exchange traded funds (ETFs).  The composite holds no fixed income instruments.  The composite holds stocks of companies domiciled in the United States as well as American Depositary Receipts of companies domiciled in foreign countries.
  • Accounts are benchmarked to the MSCI All Country World Index (Gross) (MSCI ACWI).  No derivatives are used.  

Composite Asset Allocation as of December 31, 2017

Breakdown of Individual Stocks by Sector as of December 31, 2017 

Benchmark

The benchmark for the DBF Diversified Core Equity composite is the MSCI All Country World Index (Gross) (MSCI ACWI).  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.  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 DBF Portfolios.  Benchmark returns are not covered by the report of the independent verifiers.

Company Description

D.B. Fitzpatrick (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.