David Fried Profile Picture
Manager Disclosure Document

David Fried

Investment Adviser

Investment portfolio

David Fried Buyback Income Index Portfolio

See full details
  • Strategy
    Yield
Sharpe ratio
0.46

365 days

Manager performance
0.00551,0.01228,-0.00090,0.00191,0.00681,0.00255,0.00362,-0.01721,-0.00114,0.00658,0.00340,-0.00404,0.00184,-0.01003,0.00826,0.00073,0.00109,0.00784,0.00390,0.00514,0.00107,-0.00551,-0.00142,-0.00013,0.00416,-0.00443,-0.00610,0.00191,-0.00214,-0.00410,-0.00021,-0.00574,-0.00723,0.00896,-0.00091,-0.00424,-0.01606,-0.00056,0.00010,-0.00025,-0.00655,0.00797,0.00232,0.00349,0.00479,0.00438,0.00371,0.00194,0.00246,0.00025,-0.00763,0.00261,0.00117,0.00592,-0.00524,0.00061,0.00275,-0.00667,0.00538,0.00095,0.00268,-0.00477,0.00166,0.00133,-0.00773,-0.01694,-0.00598,0.01648,-0.00765,0.00982,-0.00553,-0.02233,0.00939,-0.00583,0.00751,0.01082,0.00372,0.01196,0.00308,0.00683,0.00345,0.00643,0.00124,-0.00018,-0.00393,0.00448,-0.00076,-0.00379,0.00592,0.00120,0.00301,0.01296,-0.00271,-0.00345,0.00015,-0.00148,-0.00355,0.00092,-0.00279,0.00313,0.01166,0.01286,-0.00639,0.01026,0.00091,-0.00258,0.00272,-0.00067,-0.00221,0.00238,0.00569,0.00605,0.00375,-0.00233,-0.00627,-0.00717,0.00320,-0.00185,-0.00690,-0.00766,0.00791,0.00348,0.00937,-0.00183,0.00452,-0.00816,-0.00312,-0.00180,-0.00768,0.00604,0.00804,0.00192,-0.00298,-0.00018,-0.00071,-0.00426,0.00727,-0.00267,-0.00279,0.00807,0.00036,0.00084,-0.00490,0.00482,0.00364,-0.00418,0.00179,0.00529,0.00061,0.00533,-0.00479,-0.00170,0.00436,0.00413,0.00152,0.00421,0.01036,0.00484,0.00229,-0.00379,-0.00343,-0.00601,0.00064,-0.00107,0.00067,0.00505,0.00255,-0.00276,0.00215,-0.00551,-0.00077,0.00049,0.00399,-0.00180,0.00067,-0.00300,0.00078,-0.00258,-0.00614,0.00095,0.00494,0.00273,0.00448,0.00081,0.00569,-0.00193,0.00822,0.00106,0.00460,0.00013,0.00469,-0.00494,0.00583,-0.00621,-0.00441,-0.01207,0.00082,0.00914,-0.00728,0.00476,-0.00775,0.00376,0.00605,-0.00049,-0.00001,0.00610,0.00845,0.00021,0.00168,0.00364,0.00373,-0.00553,0.00642,0.00045,0.00094,0.00031,0.00056,-0.00361,0.00245,-0.00207,0.00446,-0.00894,-0.00831,-0.00323,-0.00057,-0.01240,-0.00420,0.00058,-0.00744,-0.00553,-0.00841,-0.00583,0.00094,-0.00923,-0.01451,0.00507,-0.01038,-0.00579,-0.01047,-0.00677,0.00516,0.00372,0.00197,0.01448,-0.01508,-0.01377,-0.00010,0.00360,-0.00859,0.00004,0.01093,0.00580:#0c3557:Manager 0.00010,0.00574,-0.00472,0.00327,0.00439,0.00134,0.00564,-0.00480,-0.00376,0.00291,0.00358,-0.00269,0.00482,-0.01296,0.01344,0.00073,-0.00231,0.00840,0.00502,0.00423,-0.00365,-0.00186,-0.00358,0.00819,0.00510,-0.00124,0.00026,0.00272,0.00000,-0.00075,-0.00268,-0.00313,-0.00105,-0.00431,0.01133,0.00186,-0.00317,-0.01121,-0.00350,-0.00008,0.00633,-0.00309,0.01668,-0.00044,0.00482,0.00547,0.00303,0.00000,0.00475,-0.00015,-0.00011,0.00402,0.00000,-0.00872,-0.00031,-0.00250,0.00609,0.00009,0.00034,0.00231,-0.01247,0.01082,0.00519,-0.00132,-0.00388,0.00000,0.00280,0.00069,-0.00888,-0.02087,-0.00484,0.00614,-0.01010,0.01133,-0.00647,-0.02283,0.00770,-0.00173,0.01295,0.01330,0.00159,0.01111,0.00022,0.00591,0.00489,0.00000,0.00132,-0.00647,0.00621,-0.00179,0.00620,-0.00133,0.00022,0.00509,0.00280,-0.00733,0.01529,0.00014,0.00189,0.00062,-0.00040,-0.00504,0.00056,-0.01157,-0.00280,0.00961,0.00725,-0.00613,0.00606,-0.00293,-0.00486,0.00451,-0.00697,-0.00173,0.00468,0.00797,0.00711,0.00303,-0.00111,-0.01250,-0.01075,0.00408,0.01101,-0.02088,-0.00939,0.00822,0.00676,0.01052,0.00141,0.00000,0.00379,0.00409,-0.00209,0.00174,-0.00809,0.00330,0.00478,0.00304,-0.00008,-0.00135,0.00195,-0.00897,0.00604,-0.00112,0.00170,0.00971,0.00067,-0.00451,-0.00917,0.00375,0.00392,-0.00647,0.00826,0.00250,0.00426,0.00000,0.00600,-0.00096,0.00549,0.00185,0.00082,-0.00033,0.00207,0.00659,0.00477,0.00099,-0.00024,-0.00343,-0.00680,0.00315,0.00084,0.00219,0.00773,0.00142,0.00174,-0.00013,-0.00635,0.00492,-0.00101,0.00197,-0.00033,0.00686,0.00072,0.00548,0.00000,-0.00388,-0.00676,0.00470,-0.00413,0.00157,0.00485,-0.00193,0.00432,-0.01174,0.01027,-0.00229,0.00502,0.00176,0.00050,-0.00483,0.00029,-0.00448,0.00022,-0.01994,-0.00286,0.00719,-0.00959,0.00032,-0.00532,0.01156,0.00294,-0.00158,0.00696,0.00440,0.00006,0.00859,0.00520,0.00254,0.00297,-0.00186,0.00480,0.00106,0.00026,-0.00156,0.00340,0.00000,-0.00050,-0.00060,-0.00151,0.00506,-0.00290,-0.00653,0.00375,0.00116,-0.00594,-0.00070,0.00750,0.00132,0.00503,-0.00046,-0.00801,-0.00567,0.00785,-0.01617,0.00876,-0.00246,-0.00273,-0.01316,0.00009,0.01118,-0.00154,-0.01512,0.01781,-0.02061,-0.01135,-0.01647,0.00159,-0.00801,0.00018,0.01288,0.00916:#c8c8c8:S&P_500
4.5%

365 days

Risk score

1.5% fee
$10,000 minimum


David Fried Buyback Index Portfolio

See full details
  • Strategy
    Stock selection
Sharpe ratio
0.46

365 days

Manager performance
0.00176,0.00331,-0.01558,-0.00397,0.00460,0.00338,0.00501,0.00105,-0.00339,-0.00073,0.00893,-0.00463,0.00145,-0.01287,0.02132,0.00526,0.00146,0.01152,0.01069,-0.00046,-0.00493,-0.00638,-0.00192,0.00571,0.00695,0.00123,0.00189,0.00584,-0.00249,0.00357,-0.01004,0.00403,-0.00588,0.01561,0.00167,-0.00222,-0.01324,-0.00218,0.00055,0.00764,-0.00037,0.01058,-0.00538,0.01163,0.00804,0.00425,0.00183,-0.00408,0.00068,0.00482,-0.01386,-0.00432,-0.00086,0.01358,0.00244,0.00307,0.00368,-0.00948,0.01708,0.00787,0.00109,-0.00513,0.00565,0.00118,-0.00747,-0.02542,-0.00965,0.01040,-0.00616,0.01720,-0.00892,-0.02464,0.00692,0.00541,0.00371,0.01030,0.00229,0.00234,0.00245,0.00675,0.00683,0.01290,-0.00620,0.00144,0.00065,0.01114,-0.00149,0.00462,-0.00360,-0.00328,-0.00163,0.01490,-0.00043,0.00103,0.00143,-0.00285,-0.01077,-0.00062,-0.00917,0.00211,0.00609,0.01354,-0.00305,0.00561,-0.00347,-0.00960,0.00396,-0.01049,-0.00248,0.00251,0.01153,0.00848,0.00080,-0.00295,-0.00845,-0.01870,0.00324,0.01082,-0.01078,-0.00547,0.00621,0.00311,0.00987,-0.00184,0.00317,0.00418,-0.00468,0.00044,-0.00763,-0.00613,0.00370,0.00407,0.00609,0.00186,0.00079,-0.00380,0.00118,-0.00552,-0.00209,0.00718,0.00174,-0.00689,-0.00755,0.00103,0.00512,-0.00318,0.00698,0.00914,0.00232,-0.00007,0.00066,0.00401,0.00083,0.00381,-0.00102,0.00704,0.00269,0.00407,0.00225,-0.00357,-0.00098,-0.00395,0.00075,-0.00094,0.00185,0.00386,0.00418,-0.00165,0.00171,-0.00648,0.00141,-0.00169,0.00055,-0.00303,0.00319,-0.00252,0.00299,-0.00787,-0.00444,0.00476,-0.00181,0.00048,0.00578,-0.00037,0.00514,-0.00397,0.00655,-0.00035,0.00559,-0.00160,0.00223,-0.00816,0.00179,-0.00514,0.00071,-0.01640,0.00130,0.00481,-0.00580,-0.00065,-0.00336,0.00146,0.00539,-0.00352,0.00392,0.00663,0.00341,0.00247,0.00300,0.00185,0.00292,-0.00310,0.00217,-0.00043,0.00252,0.00171,0.00211,0.00023,-0.00121,-0.00481,0.00136,-0.00470,-0.01237,0.00450,-0.00152,-0.00870,-0.00378,0.00281,-0.00486,0.00039,-0.00732,-0.00556,-0.00584,-0.00262,-0.00956,0.00659,-0.00342,-0.00678,-0.00713,-0.00473,0.00823,-0.00186,-0.00721,0.00985,-0.01781,-0.01803,-0.01046,0.00219,0.00159,0.00508,0.00500,0.00517:#0c3557:Manager 0.00010,0.00574,-0.00472,0.00327,0.00439,0.00134,0.00564,-0.00480,-0.00376,0.00291,0.00358,-0.00269,0.00482,-0.01296,0.01344,0.00073,-0.00231,0.00840,0.00502,0.00423,-0.00365,-0.00186,-0.00358,0.00819,0.00510,-0.00124,0.00026,0.00272,0.00000,-0.00075,-0.00268,-0.00313,-0.00105,-0.00431,0.01133,0.00186,-0.00317,-0.01121,-0.00350,-0.00008,0.00633,-0.00309,0.01668,-0.00044,0.00482,0.00547,0.00303,0.00000,0.00475,-0.00015,-0.00011,0.00402,0.00000,-0.00872,-0.00031,-0.00250,0.00609,0.00009,0.00034,0.00231,-0.01247,0.01082,0.00519,-0.00132,-0.00388,0.00000,0.00280,0.00069,-0.00888,-0.02087,-0.00484,0.00614,-0.01010,0.01133,-0.00647,-0.02283,0.00770,-0.00173,0.01295,0.01330,0.00159,0.01111,0.00022,0.00591,0.00489,0.00000,0.00132,-0.00647,0.00621,-0.00179,0.00620,-0.00133,0.00022,0.00509,0.00280,-0.00733,0.01529,0.00014,0.00189,0.00062,-0.00040,-0.00504,0.00056,-0.01157,-0.00280,0.00961,0.00725,-0.00613,0.00606,-0.00293,-0.00486,0.00451,-0.00697,-0.00173,0.00468,0.00797,0.00711,0.00303,-0.00111,-0.01250,-0.01075,0.00408,0.01101,-0.02088,-0.00939,0.00822,0.00676,0.01052,0.00141,0.00000,0.00379,0.00409,-0.00209,0.00174,-0.00809,0.00330,0.00478,0.00304,-0.00008,-0.00135,0.00195,-0.00897,0.00604,-0.00112,0.00170,0.00971,0.00067,-0.00451,-0.00917,0.00375,0.00392,-0.00647,0.00826,0.00250,0.00426,0.00000,0.00600,-0.00096,0.00549,0.00185,0.00082,-0.00033,0.00207,0.00659,0.00477,0.00099,-0.00024,-0.00343,-0.00680,0.00315,0.00084,0.00219,0.00773,0.00142,0.00174,-0.00013,-0.00635,0.00492,-0.00101,0.00197,-0.00033,0.00686,0.00072,0.00548,0.00000,-0.00388,-0.00676,0.00470,-0.00413,0.00157,0.00485,-0.00193,0.00432,-0.01174,0.01027,-0.00229,0.00502,0.00176,0.00050,-0.00483,0.00029,-0.00448,0.00022,-0.01994,-0.00286,0.00719,-0.00959,0.00032,-0.00532,0.01156,0.00294,-0.00158,0.00696,0.00440,0.00006,0.00859,0.00520,0.00254,0.00297,-0.00186,0.00480,0.00106,0.00026,-0.00156,0.00340,0.00000,-0.00050,-0.00060,-0.00151,0.00506,-0.00290,-0.00653,0.00375,0.00116,-0.00594,-0.00070,0.00750,0.00132,0.00503,-0.00046,-0.00801,-0.00567,0.00785,-0.01617,0.00876,-0.00246,-0.00273,-0.01316,0.00009,0.01118,-0.00154,-0.01512,0.01781,-0.02061,-0.01135,-0.01647,0.00159,-0.00801,0.00018,0.01288,0.00916:#c8c8c8:S&P_500
5.0%

365 days

Risk score

1.5% fee
$20,000 minimum


Portfolio commentary

  1. The stock market's secret weapon

    22 September 2014

    Stock buybacks are helping to lift the market, but is that a good thing for investors?

  2. Diminishing returns: Are share buybacks losing their potency? 28 May 2014
  3. Share buybacks: Too much of a good thing for investors? 1 April 2014
  4. Dividends and buybacks: Stick with what worked in 2013? 20 December 2013
  5. Income investors focus on rising dividends and buybacks 22 November 2013

show more

Important Information

1. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".

2. Past performance is no guarantee of future results. Periodic and since inception performance returns are calculated daily. Monthly vs. S&P 500 return and the corresponding spark chart is calculated to the most recent month end date.

3. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.