MODEL PORTFOLIOS
2015 Total Return
Julians Portfolio -62.69%
EuroIncome 0.64%
PROPRIETARY INDEXES
2015 Total Return
Maedhros Global Allocation -9.35%
MF Industrial Average -9.97%
Maedhros US Best Yields -2.83%
Maedhros Currency -9.59%
BENCHMARKS
2015 Return
Standard & Poor’s 500 -0.76%
Dow Jones Industrial Average -2.22%
Longleaf Partners -31.36%
Third Avenue Value Fund -15.23%
Sequoia Fund -11.54%
FTSE/MIB 11.96%
MODEL PORTFOLIOS
2014 Total Return
Julians Portfolio 70.55%
EuroIncome 7.53%
Total Return since Inception
Julians Portfolio 48.72% (7.7% annualized)
EuroIncome 6.8% (1.06% annualized)
PROPRIETARY INDEXES
2014 Total Return
Maedhros Global Allocation 9.62%
MF Industrial Average 13.31%
Maedhros US Best Yields 1.5%
Maedhros Currency -8.41%
Total Return since Inception
Maedhros Global Allocation 49.66% (8.06% annualized)
MF Industrial Average 91.74% (17.47% annualized)
Maedhros US Best Yields 88.64% (14.77% annualized)
Maedhros Currency -0.02% (n.m.% annualized)
PARTNERSHIP
2014 Total Return
Nikola Tesla 11.57% (CLOSED)
Total Return since Inception (not reinvesting Distributions)
Nikola Tesla 194.6% (32.01% annualized)
BENCHMARKS
2014 Return
Standard & Poor’s 500 11.74%
Dow Jones Industrial Average 8.19%
Longleaf Partners -7.3%
Third Avenue Value Fund -0.84%
Sequoia Fund 6%
FTSE/MIB 0.91%
Global Hedge Funds Index -0.58%
MODEL PORTFOLIOS
2013 Total Return
Global Allocation Capital 1.43% (CLOSED)
Julians Portfolio -38.95%
EuroIncome 35.61%
Top Free Cash 6.99% (CLOSED)
Total Return since Inception
Global Allocation Capital 18.45% (3.02% annualized)
Julians Portfolio -12.8% (-2.37% annualized)
EuroIncome -0.68% (-0.12% annualized)
Top Free Cash 227.4% (45.85% annualized)
PROPRIETARY INDEXES
2013 Total Return
Maedhros Global Allocation 1.43%
MF Industrial Average 22.24%
Maedhros US Best Yields 17.56%
Maedhros Currency -10.41%
Total Return since Inception
Maedhros Global Allocation 36.52% (7.13% annualized)
MF Industrial Average 69.37% (16.36% annualized)
Maedhros US Best Yields 85.86% (17.17% annualized)
Maedhros Currency 9.16% (2.29% annualized)
PARTNERSHIPS
2013 Total Return
Nikola Tesla -13.4%
Time’s on my side 10.15% (CLOSED)
Total Return since Inception (not reinvesting Distributions)
Nikola Tesla 186.5% (36.71% annualized)
Time’s on my side 157.7% (31.04% annualized)
BENCHMARKS
2013 Return
Standard & Poor’s 500 31.29%
Dow Jones Industrial Average 27.43%
Longleaf Partners 29.31%
Third Avenue Value Fund 15.71%
Sequoia Fund 32.66%
FTSE/MIB 16.49%
Global Hedge Funds Index 6.72%
MODEL PORTFOLIOS
2012 Total Return
Global Allocation Capital -4.12%
Julians Portfolio -15.74%
EuroIncome -1.56%
Top Free Cash -8.7%
Total Return since Inception
Global Allocation Capital 16.78% (3.29% annualized)
Julians Portfolio 42.84% (9.85% annualized)
EuroIncome -26.76% (-6.08% annualized)
Top Free Cash 206% (52.02% annualized)
PROPRIETARY INDEXES
2012 Total Return
Maedhros Global Allocation -4.12%
MF Industrial Average 4.75%
Maedhros US Best Yields 4.92%
Maedhros Currency 4.88%
Total Return since Inception
Maedhros Global Allocation 34.6% (8.34% annualized)
MF Industrial Average 38.56% (11.9% annualized)
Maedhros US Best Yields 58.1% (14.53% annualized)
Maedhros Currency 21.85% (7.28% annualized)
PARTNERSHIPS
2012 Total Return
Nikola Tesla -11.93%
Time’s on my side 28.5%
Total Return since Inception (not reinvesting Distributions)
Nikola Tesla 204.2% (50.05% annualized)
Time’s on my side 147.55% (36.16% annualized)
BENCHMARKS
2012 Return
Standard & Poor’s 500 11.58%
Dow Jones Industrial Average 5.93%
Longleaf Partners -2.18%
Third Avenue Value Fund 23.04%
Sequoia Fund 14.52%
FTSE/MIB 7.85%
Global Hedge Funds Index 4.76%
MODEL PORTFOLIOS
2011 Total Return
Global Allocation Capital -12.53%
Julians Portfolio -17.71%
EuroIncome -17.04%
Top Free Cash 46.83%
Total Return since Inception
Global Allocation Capital 21.81% (5.29% annualized)
Julians Portfolio 69.52% (20.63% annualized)
EuroIncome -25.6% (-7.57% annualized)
Top Free Cash 235.15% (78.38% annualized)
PROPRIETARY INDEXES
2011 Total Return
Maedhros Global Allocation -12.53%
MF Industrial Average 4.21%
Maedhros US Best Yields 2.62%
Maedhros Currency 3.65%
Total Return since Inception
Maedhros Global Allocation 40.39% (12.74% annualized)
MF Industrial Average 32.28% (14.35% annualized)
Maedhros US Best Yields 50.68% (16.89% annualized)
Maedhros Currency 16.18% (8.09% annualized)
PARTNERSHIPS
2011 Total Return
Nikola Tesla 1.8%
Time’s on my side 34.5%
Total Return since Inception (not reinvesting Distributions)
Nikola Tesla 222.1% (71.65% annualized)
Time’s on my side 119.05% (38.4% annualized)
BENCHMARKS
2011 Return
Standard & Poor’s 500 -0.2%
Dow Jones Industrial Average 5.38%
Longleaf Partners -5.7%
Third Avenue Value Fund -22.43%
Sequoia Fund 12.54%
FTSE/MIB -25.2%
Global Hedge Funds Index -4.11%
MODEL PORTFOLIOS
2010 Total Return
Global Allocation Capital 25.95%
Julians Portfolio 39.91%
EuroIncome 5.21%
Top Free Cash 44.6%
Total Return since Inception
Global Allocation Capital 39.26% (12.56% annualized)
Julians Portfolio 106% (44.63% annualized)
EuroIncome -10.32% (-4.34% annualized)
Top Free Cash 128.25% (64.12% annualized)
PROPRIETARY INDEXES
2010 Total Return
Maedhros Global Allocation 25.95%
MF Industrial Average 18.97%
Maedhros US Best Yields 24.78%
Maedhros Currency 12.09%
Total Return since Inception
Maedhros Global Allocation 60.5% (27.92% annualized)
MF Industrial Average 26.94% (21.55% annualized)
Maedhros US Best Yields 46.83% (23.42% annualized)
Maedhros Currency 12.09% (12.09% annualized)
PARTNERSHIPS
2010 Total Return
Nikola Tesla 23.07%
Time’s on my side 45.9%
Total Return since Inception (not reinvesting Distributions)
Nikola Tesla 219.4% (105.33% annualized)
Time’s on my side 84.55% (40.59% annualized)
BENCHMARKS
2010 Return
Standard & Poor’s 500 12.84%
Dow Jones Industrial Average 11.11%
Longleaf Partners 17.31%
Third Avenue Value Fund 11.74%
Sequoia Fund 17.64%
FTSE/MIB -13.23%
Global Hedge Funds Index 8.87%
Maedhros Global Allocation Index 127.43
base 100 – Nov 07, 2008
Total Invested Capital 552.82 (433.82 x 1.2743)
base 500 – Nov 17, 2007
433.82 – Nov 01, 2008
Total Return since Inception +10.56%
Benchmarks
S&P 500 -19.68% (same period)
Longleaf Partners Fund -25.68% (same period)
Sequoia Fund -11.5% (same period)
Third Avenue Value Fund -21.28% (same period)
(in US dollars, dividends & broker’s fees included, taxes not included)
€uroIncome 21.31 € -14.76% (total return)
base 25 € -Aug 4, 2008
FTSE/Mib 27,826 – Aug 4, 2008 (-16.95% total return)
Julians 36.81 $ +47.24% (total return)
base 25 $ – Aug 21, 2008
S&P500 1,277.72 – Aug 21, 2008 (-12.73% total return)
€uroIncome 22.14 € -11.44% (total return)
base 25 € -Aug 4, 2008
FTSE/Mib 27,826 – Aug 4, 2008 (-15.64% total return)
Julians 36.93 $ +47.72% (total return)
base 25 $ – Aug 21, 2008
S&P500 1,277.72 – Aug 21, 2008 (-17.27% total return)
Maedhros Global Allocation Index 125.68
base 100 – Nov 07, 2008
Total Invested Capital 545.22 (433.82 x 1.2568)
base 500 – Nov 17, 2007
433.82 – Nov 01, 2008
Total Return since Inception +9.04%
Benchmarks
S&P 500 -23.74% (same period)
Longleaf Partners Fund -28.97% (same period)
Sequoia Fund -11.92%(same period)
Third Avenue Value Fund -22.58% (same period)
(in US dollars, dividends & broker’s fees included, taxes not included)
HOUSE OF MAEDHROS 