IMS INCOME

The IMS Income program invests in high-yield bond mutual funds or in the money market for defensive purposes.

The algorithms that change the investment positions are trend following in nature and have been consistently applied throughout the history of the program.

IMS Income

Account Unit Values

Sep 29, 2022 | $67.61

Investment Results

The following charts illustrate the IMS Income investment results from 1998 through June 2022 compared to short-term bonds, certificates of deposit and the S&P 500 Stock Market Index.

The short-term objective of IMS Income is to outperform Short-Term Bonds and Jumbo Certificates of Deposit over three-year periods (first chart).

The long-term objective of IMS Income is to keep pace with the S&P 500 Stock Market Index
over several stock market cycles (second chart).

1998 through June 2022

Gains and Risk

Average Annual Gains and Associated Risk from 1998 through June 2022.

Investment
Type

IMS Income Initial Account

Vanguard 500 Index Fund (VFINX)

Vanguard Short-Term Bond Index Fund (VBISX)

JCDS Three-Year Jumbo Bond Index

Average Annual Gain

8.0%

7.6%

3.2%

3.1%

Associated
Risk

Low Risk

Substantial Risk

Low Risk

Minimal Risk

Ten Largest Calendar Year Gains

IMS Income

The Initial Account
YearGain
199812.0%
199911.2%
2003 22.0%
200410.0%
200611.6%
200942.3%
201012.2%
201212.4%
201611.6%
202012.7%

Short-Term Bonds

VBISX
YearGain
19987.4%
20009.0%
20018.8%
20026.1%
20064.1%
20077.2%
20085.4%
20103.9%
20194.8%
20204.6%

3 Yr Jumbo CDs

JCDI Index
YearGain
19986.1%
19995.6%
2000 7.2%
20024.0%
20043.4%
20054.4%
20065.5%
20015.1%
20075.3%
20084.2%

Five Largest Declines

IMS Income Program

The Initial Account
5/30/2002 - 9/30/2002-3.4%
1/28/2004 - 6/20/2004-3.8%
4/22/2010 - 6/29/2010-3.2%
4/15/2015 - 2/9/ 2016 -5.3%
9/15/2021 - 6/30/2022-3.6%
_______
Total of Declines-19.3%

Short-Term Bond Index

VBISX
6/13/2003 - 8/14/2003-2.1%
3/16/2004 -5/13/2004-2.7%
3/17/2008 - 6/13/2008-2.3%
9/7/2017 - 5/16/2018 -1.9%
8/3/2021 - 6/30/2022-6.1%
_______
Total of Declines-15.1%

S&P 500 Stock Index

VFINX
9/10/2000 - 9/9/2002-47.5%
10/9/2007 - 3/9/2009-55.3%
5/10/2011 - 9/9/2011-14.3%
2/19/2020 - 3/23/2020 -33.8%
1/3/2022 - 6/30/2022-18.2%
_______
Total of Declines-169.1%

Detailed Charts

Open to view charts with detail by day.

IMS Income, Short-term Bonds and Three-year Jumbo Certificates of Deposit
IMS Income and
the S&P 500 Stock Index
IMS Income, Four Representative Growth Mutual Funds

Disclosures

Past performance is no guarantee of future results.   It should not be assumed future performance will be profitable.  Investments in equity mutual funds and high-yield bond mutual funds may result in a substantial loss of capital.