AAII Model Portfolios
Model Fund Portfolio: Replacing a Closed Fund
The stock market, as well as the Model Fund Portfolio and its variations, finished out 2013 on a continued bullish note to complete a very strong up year.
There was a slight pullback in January: The year-to-date return for the Model Fund Portfolio was –2.0%, as of January 31. The S&P 500 index pullback in January, as measured by the Vanguard 500 Index fund (VFINX), was –3.5%. January is usually a strong up month, but at least part of the pullback can be attributed to the strong up market and investors waiting until after the year end to sell and realize profits.
Figure 1 charts the cumulative return. Returns for various time periods are shown in Table 1, and Table 2 gives the year-by-year performance figures and growth of $10,000.
We have sold Yacktman Focused fund (YAFFX) and replaced it with Fidelity OTC fund (FOCPX).
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