DBF Balanced 60/40

Investment Overview

  • The DBF Balanced 60/40 Composite includes accounts that primarily hold individual stocks, equity exchange traded funds, and fixed income exchange traded funds.  The equity allocation target of the portfolios in the composite is 60%.
  • The composite holds primarily stocks of companies domiciled in the United States as well as American Depositary Receipts of companies domiciled in foreign countries.
  • Accounts are benchmarked to a blended 60/40 Equity-Fixed Income Index consisting of 60% MSCI All Country World Index (Gross) Index and 40% Bloomberg U.S. Aggregate Bond Index.  No derivatives are used.

      Composite Asset Allocation as of March 31, 2024

      Benchmarks

      The benchmark for the DBF Balanced 60/40 Composite is a blended 60/40 Equity-Fixed Income index consisting of 60% MSCI All Country World Index (Gross) (MSCI ACWI)/40% Bloomberg U.S Aggregate Bond Index. 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 developed and emerging market country indices. The Bloomberg U.S. Aggregate Bond index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS. The blended benchmark includes the reinvestment of dividends and other earnings but does not include transaction costs. Indices are included for comparison purposes only. Volatility, number of issues, capitalization size, year-to-year return history, and other security attributes of the indices differ from the attributes of the DBF Portfolios.

      “Bloomberg®” and The Bloomberg U.S. Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by DBF. Bloomberg is not affiliated with DBF, and Bloomberg does not approve, endorse, review, or recommend The DBF Balanced 60/40 Composite. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to The DBF Balanced 60/40 Composite.

      Company Description

      DB Fitzpatrick (DBF) is an independent investment management firm established in 1984 and is registered with the U.S. Securities and Exchange Commission and licensed with the Idaho Department of Finance. Registration does not imply a certain level of skill or training. DBF manages a variety of equity, balanced, fixed-income, and commercial mortgage assets for institutional and individual clients.

      Notes

      1. Valuations and returns are computed and stated in U.S. Dollars.
      2. All account returns are net of transaction costs, reflect the reinvestment of dividends and other earnings, and are gross of non-reclaimable withholding taxes. Gross returns do not reflect the deduction of the management fees. Net returns are net of model management fees in effect for the respective time period and are derived using the maximum rate of the fee schedule. Actual returns may vary.
      3. Future returns will depend on future allocation decisions. Past performance does not guarantee future results.
      4. Any investment, including DBF’s portfolios, has the potential of generating losses as well as profits.
      5. D.B. Fitzpatrick & Co., Inc. is the full legal name of the investment management firm.