If your account includes the Wintergreen Fund, your next statement will note that we purchased additional Wintergreen shares as part of a rebalancing of our model portfolio.
We purchased additional shares of the Wintergreen Fund using cash that we had on hand. This brings the Wintergreen Fund up to its full 10 percent allocation within the portfolio.
Wintergreen invests in undervalued companies all over the world, with an emphasis on developed-nation companies that generate a significant portion of their revenue in fast-growing developing nations.
While the recent market tide has lifted most boats, one seemingly left behind is Wintergreen. Its benchmark index has risen 19 percent in the three-month period ending February 24. Wintergreen has climbed just under 10 percent during that stretch. We added to our investments in this fund because, based on its track record and current holdings, we believe it will appreciate in value.
Last year, when its benchmark index was down nearly 15 percent, Wintergreen was flat, returning 0.72 percent. Over the past three years through February 28, it has returned nearly 26 percent, soundly beating the benchmark return of 16 percent over the period.
No transaction fees were incurred as part of this rebalancing.
For more information on Wintergreen, visit its website.
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