Past Periods — ValueWorks

Capital Appreciation

Cap app q4 2017

CAP APP Q3 2017

CAP APP Q2 2017

CAP APP Q1 2017

CAP APP Q4 2016

CAP APP Q3 2016

CAP APP Q2 2016

CAP APP Q1 2016

CAP APP Q4 2015

CAP APP Q3 2015

CAP APP Q2 2015

CAP APP Q1 2015

CAP APP Q4 2014

CAP APP Q3 2014

CAP APP Q2 2014

Cap App Q1 2014

Cap App q4 2013

Cap App Q3 2013

Cap App Q2 2013

Cap App Q1 2013

Cap App Q4 2012

Cap App Q3 2012

Cap App Q2 2012

Cap App Q1 2012

Cap app q4 2011

Cap App q3 2011

Cap App q2 2011

Cap App q1 2011

Cap App Q4 2010

Cap App Q3 2010

Cap App q2 2010

Cap App Q1 2010

Cap App q4 2009

Cap App q3 2009

Cap App q2 2009

Cap App q1 2009

Cap App q4 2008

Cap App q3 2008

Cap App q2 2008

Cap app q1 2008

Cap App q4 2007

Cap App q3 2007

Cap App q2 2007

Cap App q1 2007

Cap App q4 2006

Cap App q3 2006

Cap App q2 2006

Cap App q1 2006

Cap App q4 2005

Cap App q3 2005

Cap App q2 2005

Cap App q1 2005

Cap App q4 2004

Cap App q3 2004

Cap App q2 2004

Cap App q1 2004

Cap App q4 2003

Cap App q3 2003

Cap App Q2 2003

Cap App q1 2003

Cap App q4 2002

Cap App q3 2002

Balanced

balanced q4 2017

BALANCED Q3 2017

BALANCED Q2 2017

BALANCED Q1 2017

BALANCED Q4 2016

BALANCED Q3 2016

BALANCED Q2 2016

BALANCED Q1 2016

BALANCED Q4 2015

BALANCED Q3 2015

BALANCED Q2 2015

BALANCED Q1 2015

BALANCED Q4 2014

BALANCED Q3 2014

BALANCED Q2 2014

Balanced Q1 2014

Balanced Q4 2013

Balanced Q3 2013

Balanced q2 2013

Balanced Q1 2013

Balanced q4 2012

Balanced q3 2012

Balanced q2 2012

Balanced q1 2012

Balanced q4 2011

Balanced q3 2011

Balanced q2 2011

Balanced q1 2011

Balanced q4 2010

Balanced q3 2010

Balanced q2 2010

Balanced q1 2010

Balanced q4 2009

Balanced q3 2009

Balanced q2 2009

Balanced q1 2009

Balanced q4 2008

Balanced q3 2008

Balanced q2 2008

Balanced q1 2008

Balanced q4 2007

Balanced q3 2007

Balanced q2 2007

Balanced q1 2007

Balanced q4 2006

Balanced q3 2006

Balanced q2 2006

Balanced Q1 2006

Balanced q4 2005

Balanced q3 2005

Balanced q2 2005

Balanced q1 2005

Balanced q4 2004

Balanced q3 2004

Balanced q2 2004

Balanced q1 2004

Balanced q4 2003

Balanced q3 2003

Balanced q2 2003

Balanced q1 2003

balanced q4 2002

Balanced q3 2002

Newsletter

newsletter 4q 2017

NEWSLETTER 3Q 2017

NEWSLETTER Q2 2017

NEWSLETT Q1 2017

NEWSLETT Q4 2016

NEWSLETT Q3 2016

NEWSLETT Q2 2016

NEWSLETT Q1 2016

NEWSLETT Q4 2015

NEWSLETT Q3 2015

NEWSLETT Q2 2015

NEWSLETT Q1 2015

NEWSLETT Q4 2014

NEWSLETT Q3 2014

NEWSLETT Q2 2014

Newslett Q1 2014

Newslett Q4 2013

Newslett q3 2013

Newslett q2 2013

Newslett q1 2013

Newslett q4 2012

Newslett q3 2012

Newslett q2 2012

Newslett q1 2012

Newslett q4 2011

Newslett q3 2011

Newslett q2 2011

Newslett q1 2011

Newslett q4 2010

Newslett q3 2010

Newslett q2 2010

Newslett q1 2010

Newslett q4 2009

NEwslett q3 2009

Newslett q2 2009

Newslett q1 2009

Newslett q4 2008

Newslett q3 2008

Newslett q2 2008

Newslett q1 2008

Newslett q4 2007

NEwslett q3 2007

Newslett q2 2007

Newslett q1 2007

Newslett q4 2006

Newslett q3 2006

Newslett q2 2006

Newslett q1 2006

Newslett q4 2005

Newslett q3 2005

NEwslett q2 2005

Newslett q1 2005

Newslett q4 2004

Newslett q3 2004

NEwslett q2 2004

Newslett q1 2004

Newslett q4 2003

Newslett q3 2003

NEwslett q2 2003

Newslett q1 2003

Newslett q4 2002

Newslett q3 2002

Long-Biased

long bsd may 2018

long bsd apr 2018

long bsd mar 2018

long bsd feb 2018

LONG BSD JAN 2018

LONG BSD DEC 2017

LONG BSD NOV 2017

LONG BSD OCT 2017

LONG BSD SEP 2017

LONG BSD AUG 2017

LONG BSD JUL '17

LONG BSD JUN '17

LONG BSD MAY '17

LONG BSD APR '17

long bsd mar '17

LONG BSD FEB '17

LONG BSD JAN '17

LONG BSD DEC '16

LONG BSD NOV '16

LONG BSD OCT '16

LONG BSD SEP '16

Long BSD Aug '16

LONG BSD JUL '16

LONG BSD JUN '16

LONG BSD MAY '16

LONG BSD APR '16

LONG BSD MAR '16

LONG BSD FEB '16

LONG BSD JAN '16

LONG BSD DEC '15

LONG BSD NOV '15

LONG BSD OCT '15

LONG BSD SEP '15

LONG BSD AUG '15

LONG BSD JUL '15

LONG BSD JUN '15

LONG BSD MAY '15

LONG BSD APR '15

LONG BSD MAR '15

LONG BSD FEB '15

LONG BSD JAN '15

Long Bsd DEC '14

LONG BSD NOV '14

LONG BSD OCT '14

LONG BSD SEP '14

Long Bsd Aug '14

Long Bsd Jul '14

Long Bsd Jun '14

Long bsd May '14

Long bsd Aug '12

Long bsd Jul '12

Long BSD Jun '12

Long bsd May '12

Long bsd Apr '12

Long bsd Mar '12

Long bsd Jan '12

Long bsd Dec '11

Long Bsd Nov '11

Long bsd Sep '11

Long bsd Apr '11

Long bsd Mar '11

Long BSD Feb '11

Long BSD Jan '11

Long BSD Nov '10

Long BSD Sep '10

Long BSD Aug '10

Long BSD July '10

Long BSD May '10

Long BSD Apr '10

Long BSD Mar '10

Long BSD Feb '10

Long BSD Jan '10