Portfolio Return of (-2.2%) for Q2 ended June 30th, 2016.

The model large cap global portfolio ended the quarter valued at $139.50. This is down roughly 2.2% from the previous quarter.

For the six months ended June 30th, the portfolio is down roughly 3.7% from the year end value of $144.90.

This represents the first two consecutive quarters of loss in the past 7 years. While the loss, overall, is modest, it does suggest that equity markets have had a difficult go of late.