Buyback Composite • Performance

The Buyback Composite Defined
In these accounts we purchase companies that buyback stock and repurchase their own shares decreasing the number of shares outstanding. The general rule is to be 100% invested in the aforementioned stocks.  However, manager reserves the right to allocate funds to cash and other securities as deemed appropriate.

The Buyback Composite Performance

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* Past performance is no guarantee of future results. Performance figures for Fried Asset Management, Inc. are net of management fees and trading costs and reflect the reinvestment of dividends. Performance figures do not include accounts of “friends of family” or income composite. A complete verification report is available on request.