Tactical Total Return Update

PVG Admin

February 24, 2014

We are up in a down market (PVG Tactical Total Return +0.59%; S&P 500 -0.24%*), as the market fell in January and the first part of February we protected the portfolio with inverse ETFs and then took the hedges off and allowed the portfolio to rally when the market bounced. We have recently started to protect assets again. This year is likely going to be increasingly volatile and this portfolio has the ability to quickly move when necessary on a daily basis if needed.

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PVG – Tactical Total Return Monthly Update Feb 2014

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