Camp Downer, Inc.

Fidelity Investment Account Statement

October 1 - October 31, 2025 | Account # 637-396978

📄 Source Document

This interactive version is based on the original PDF:

📎 View Original PDF in Google Drive →

📊 What is This Account?

This is our investment account managed by Pochop Financial Management through Fidelity.

Purpose: To grow camp's reserves over time instead of letting money sit idle in checking.

Current Value: $531,069 | Year-to-Date Return: 6.75% (excellent!)

💼 Portfolio Allocation (How Our Money is Invested)

62% Money Market (Safe)

15% Large-Cap Stocks (S&P 500)

8% Technology Stocks

7% Mid-Cap Stocks

7% Small-Cap Stocks

1% Financial Stocks

Strategy: Conservative growth - 62% in very safe money market, 38% in diversified stocks

HOLDING	SYMBOL	VALUE	% OF TOTAL	GAIN/LOSS	YIELD
SAFE HOLDINGS (62% - Low Risk)
Fidelity Government Cash Reserves What this is: A money market fund (like a super-safe savings account). What it invests in: Ultra-safe U.S. government securities. Current yield: 3.84% Annual income: $13,538 Safety: Extremely low risk Liquidity: Can sell instantly Why we keep 62% here: • Safety first (we're a nonprofit!) • Easy access if camp needs money • Much better than checking (3.84% vs 0.1%)	FDRXX	329,072	62%	—	3.84%
Total Safe Holdings		329,072	62%	—	3.84%
STOCK HOLDINGS (38% - Moderate Risk)
SPDR S&P 500 ETF What this is: An ETF that tracks the S&P 500 (the 500 largest U.S. companies). What we own: By owning this, we own tiny pieces of: Apple, Microsoft, Amazon, Google, Berkshire Hathaway, and 495 others! Our investment: • 115 shares at $682/share • Cost: $69,834 • Current value: $78,437 • Gain: $8,603 (12.3% profit!) Why own this: • Instant diversification (500 companies) • Historically ~10% annual returns • Very low fees (0.09%)	SPY	78,437	15%	+8,603	1.06%
Technology Sector ETF What this is: An ETF that invests ONLY in technology companies. Holdings include: Apple, Microsoft, NVIDIA, Broadcom, Adobe, Salesforce Our investment: • 145 shares at $300.68/share • Cost: $34,813 • Current value: $43,599 • Gain: $8,786 (25.2% profit!) Why own this: • Technology sector growth potential • Focused bet on tech innovation Risk: More volatile than S&P 500 (Tech can swing up or down more dramatically)	XLK	43,599	8%	+8,786	0.50%
Vanguard Mid-Cap Growth What this is: Invests in mid-sized companies that are growing. "Mid-cap": Companies worth $2-10 billion "Growth": Expected to grow faster than average Examples: Chipotle, Zoom, DocuSign, Etsy, Spotify Our investment: • Cost: $34,933 • Value: $37,655 • Gain: $2,722 (7.8%) Why own this: • Mid-cap stocks often grow faster than large-cap • "Goldilocks" size - big enough to be stable, small enough to grow • Diversification from our large-cap holdings	VOT	37,655	7%	+2,722	0.62%
iShares Core S&P Small-Cap What this is: Invests in small U.S. companies. "Small-cap": Companies worth $300M - $2B Tracks ~600 small companies Our investment: • Cost: $35,046 • Value: $34,869 • Loss: ($178) (-0.5%) Why own this despite the small loss: • Small companies can become big (high growth potential) • Good diversification • Higher dividends (1.95% yield) Risk: More volatile than large companies	IJR	34,869	7%	(178)	1.95%
Financial Sector ETF What this is: Invests in financial sector companies. Holdings include: JPMorgan, Bank of America, Wells Fargo, Visa, Mastercard Our investment: • Small position (only 1% of portfolio) • Gain: $253 (3.6%) Why own this: • Adds financial sector exposure • Good dividend payers (1.40% yield)	XLF	7,227	1%	+253	1.40%
Cash	—	211	0%	—	—
Total Stock Holdings		201,998	38%	+20,186	—
TOTAL PORTFOLIO Complete portfolio value Safe holdings: $329,072 (62%) Stock holdings: $201,998 (38%) Total: $531,069 Year-to-date performance: Started: $497,507 Ended: $531,069 Gain: $33,562 (6.75% return!)		531,069	100%	+20,186	—

💰 How We Made Money This Year

Starting Value (Jan 1):	$497,507
Plus: Dividend Income	$12,626
Plus: Capital Gains (value increased)	$36,649
Minus: Management Fees	($3,086)
Ending Value (Oct 31):	$531,069
Total Gain:	$33,562 (6.75%)

📈 Performance Analysis

This Year's Return: 6.75% - Excellent performance!

Comparison to Benchmarks:

S&P 500 YTD: ~6-8% (we're in line with the market!)
Money market: ~4% (our safe portion is doing well)
Our blended return: 6.75% beats typical 60/40 portfolio

Sources of Return:

Dividends: $12,626 (cash we received)
Capital gains: $36,649 (value increased)
Management costs: ($3,086) - 0.70% annual fee

🎯 Investment Strategy Assessment

Current Allocation: Conservative Growth

62% safe / 38% stocks = Conservative approach

Risk Level	Typical Allocation	Expected Return
Very Conservative	80-90% safe / 10-20% stocks	3-5% annually
Conservative (OURS) ←	60-70% safe / 30-40% stocks	5-7% annually
Moderate	40-50% safe / 50-60% stocks	6-8% annually
Aggressive	0-20% safe / 80-100% stocks	8-12% annually

✓ Our 6.75% return exceeds expectations for a conservative strategy!

💡 Key Investment Facts

Account Manager: Pochop Financial Management (802-865-4900)
Management Fee: 0.70% annually (~$3,700/year)
Custodian: Fidelity / National Financial Services
Risk Level: Conservative (62% safe, 38% stocks)
Expected Annual Income: ~$15,600 from dividends
Liquidity: Can access funds in 2-3 business days

🤔 Questions for Board Discussion

Allocation: Is 38% in stocks the right level for our risk tolerance?
Performance: Is 6.75% return adequate for our goals?
Fees: Is the 0.70% management fee justified for the service we receive?
Diversification: Should we add international stocks or bonds?
Use: When should we draw from this account for major projects?

Interactive Report Generated for Camp Downer Board | Hover over investments for detailed explanations

For questions about the account, contact Pochop Financial Management: (802) 865-4900