Worth Funding Fund – March 31, 2023 / Enterprise Administration

Worth Funding Fund – Standing on March 31, 2023

. March 31, 2023 February 28, 2023 March 31, 2023
. # of Shares Value Foundation Internet Market Worth* Internet Truthful Market Worth* Internet Truthful Market Worth*
REITs
. – Essex Property Belief, Inc. (Tranche #1) 71.6846 $20,000 $208.14 $16,276.71 $14,920.43
. – Essex Property Belief, Inc. (Tranche #2) 77.7000 20,000 208.14 17,642.56 16,172.48
. – Essex Property Belief, Inc. (Tranche #3) 100.0000 22,221 208.14 22,706.00 20,814.00
. – Essex Property Belief, Inc. (Tranche #4) 180.0000 44,980 208.14 40,870.80 37,465.20
. Sub-Totals 429.3846 107,201 $97,496.07 $89,372.11
. – AvalonBay Communities 100.0000 16,586.22 167.06 $16,706.00

Leisure
. – The Walt Disney Firm (Tranche #1) 180.1801 20,000 $99.13 $17,767.56 $17,861.26
. – The Walt Disney Firm (Tranche #2) 200.0000 21,200 99.13 19,722.00 19,826.00
. – The Walt Disney Firm (Tranche #3) 198.0198 20,000 99.13 19,526.73 19,629.70
. Sub-Totals 578.1999 61,200 $57,016.29 $57,316.96
Banking
. – Wells Fargo (Tranche #1) 100.0000 4,267.50 36.38 $4,577.00 3,638.00
. – Wells Fargo (Tranche #2) 400.0000 15,804.00 36.38 14,552.00
. Sub-Whole 500.0000 20,071.50 $18,190.00

Dividend Receivables (Essex/Avalonbay) 30.00 1,156.88
Money on Hand (Foundation, Beneficial properties, Dividends, PUTS) 1,105.67 756.28
Totals (Beginning Value Foundation = $100,000) $205,058.72 $160,225.03 $183,498.23
Accrual adjustment for taxes 3,802.16 6,572.62
Totals Internet of Taxes (Recapture) $164,027.19 $190,070.85
Margin Account (AvalonBay Buy) (16,586.22)
This portfolio’s worth is AFTER TAXES of 28% on all realized positive factors. Whole taxes paid to this point 28,323.59 35,150.98
Comparative Gross Return Since Inception $192,350.78 $208,635.61
Unrealized Earnings (Worth of Respective Market Costs Much less Value Foundation/Charges at Level of Sale) $(13,579.14) $(23,473.65)
*Internet of transaction charges of $1.00 per share; thus the quantity within the schedule equals the precise market worth per share at closing much less $1.00 per share.

Worth Funding Fund – Potential Obligations

The Worth Funding Fund’s present publicity associated to PUT choices is as follows:

JP Morgan Chase – offered in Could 2022 with a strike worth of $80/share and an expiration date of June 16, 2023 $20,000
Norfolk Southern Company – offered in September (200 Shares) with a strike worth of $145 and an expiration date of January 21, 2024 $29,000
Essex Property Belief – soutdated 12/30/22 (100 Shares) with a strike worth of $170 and an expiration date of July 21, 2023 $17,100
Union Pacific – offered 12/30/22 (200 Shares) with a strike worth of $145 and an expiration date of August 18, 2023 $29,200
L3 Harris Applied sciences – offered 12/30/22 (100 Shares) with a strike worth of $150 and an expiration date of October 20, 2023 $15,100
Marriott Motels – offered 12/30/22 (100 Shares) with a strike worth of $90 and an expiration date of January 19, 2024 $9,100
Essex Property Belief – offered 03/17/23 (100 Shares) with a strike worth of $200 and an expiration date of October 23, 2023 $20,100
Huntington Ingalls – offered 03/17/23 (200 Shares) with a strike worth of $185 and an expiration date of September 15, 2023 $37,200
*Whole monetary dedication = $176,800

Market costs on March 31, 2023 are:

JP Morgan Chase (Expiration on 06/16/2023) $130.31 (Strike Worth of $80.00) Present Deviation = 62.89%
Essex Property Belief (Expiration 07/21/23) $209.14 (Strike Worth of $170.00) Present Deviation = 23.02%
Union Pacific (Expiration 08/18/23) $201.26 (Strike Worth of $145.00) Present Deviation = 38.80%
Huntington Ingalls (Expiration 09/15/23) $207.02 (Strike Worth of $185.00) Present Deviation = 11.90%
L3 Harris Applied sciences (Expiration 10/20/23) $196.24 (Strike Worth of $150.00) Present Deviation = 30.82%
Essex Property Belief (Expiration 10/23/23) $209.14 (Strike Worth of $200.00) Present Deviation = 1.07%
Marriott Motels (Expiration 01/19/2024) $166.04 (Strike Worth of $90.00) Present Deviation = 84.48%
Norfolk Southern Corp (Expiration on 01/21/24) $212.00 (Strike Worth of $145.00) Present Deviation = 46.20%
*Deviations > 25% are thought-about favorable.

Earnings realized throughout January/February/March 2023:

Dividends of $2.20 per share for Essex Property Belief (429.3846 shares) = $944.65
Dividends of $.30 per share for Wells Fargo (100 shares) = $30.00
Dividends of $2.31/Share for Essex Property Belief (429.3846 shares) = $991.88
Dividends of $1.65/Share for Avalonbay (100 shares) = $165.00
Achieve on Sale of Comerica Financial institution = $20,412.00
Offered PUT contract on Essex Property Belief $900
Offered PUT contract on Huntington Ingalls = $940

1st Quarter Earnings Abstract:

Beneficial properties from Securities $20,412.00 *Comerica Financial institution
Dividends 2,131.53
Sale of PUT Choice Contracts 1,840.00
Sub-Whole 1st Quarter Earnings $24,383.53

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