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Investment Performance |
Presented
below is the historical performance of Groesbeck Investment Management
Corporation. Included are three tables presenting composite return information
related to our investment philosophies. For definition purposes, a
composite is an aggregation of discretionary portfolios into a single group
that represents a particular investment objective or strategy. All performance
return information presented is total return calculated in U.S. dollars.
Period End
|
Total Return |
Total Return |
Total Return |
|
1999 |
-7.99 |
21.02 |
-8.43 |
|
2000 |
21.51 |
-9.11 |
20.98 |
|
2001 |
3.47 |
-11.89 |
3.00 |
|
2002 |
-4.73 |
-22.10 |
-5.18 |
|
2003 |
22.85 |
28.69 |
22.29 |
|
2004 |
16.12 |
10.88 |
15.56 |
|
2005 |
2.34 |
4.91 |
1.79 |
|
2006 |
17.62 |
15.79 |
17.26 |
|
2007 |
-3.83 |
5.49 |
-4.26 |
|
2008 |
-29.79 |
-37.00 |
-30.08 |
|
2009 |
17.98 |
26.46 |
17.72 |
|
1 Yr (12/31/09) |
-17.98 |
26.46 |
17.72 |
|
3 Yr (12/31/09) |
-7.36 |
-5.61 |
-7.74 |
|
5 Yr (12/31/09) |
-0.88 |
0.42 |
-1.26 |
|
10 Yr
(12/31/09) |
5.01 |
-0.95 |
4.60 |
|
This composite
(created 1/1/94) represents all accounts of $500,000 or greater utilizing a
growth of income investment objective managed by Groesbeck Investment
Management (GIM). GIM is an SEC registered investment advisor that invests
primarily in U.S.-based securities and is not affiliated with any parent
organization. Assets under management in this composite total $110.0
million (12/31/09) and represents 33.9% of
total firm assets. Performance includes reinvestment of dividends, is
calculated in U.S. dollars and is net of the payment of actual management
fees. Fees could reduce a new client’s returns by up to 1% per year,
depending on account size. Over a period of five years, the maximum 1%
advisory fee may result in a compounded effect of 1% per annum or a total of
5.1% over five years. Since Jan.1, 1994, composites have been valued monthly
and portfolio returns have been weighted by using beginning-of-month market
values. GIM claims compliance with the US and Canadian version of the Global
Investment Performance Standards (GIPS). The composite
includes the following: number of portfolios, the annual standard deviation,
composite market value at the end of the period ($Mil), and percentage of
total firm assets. Note: dispersion is not statistically meaningful (NMF)
when there are fewer than 5 portfolios in the composite for the entire year.
(Period) (#, s, $M, %,) 1999: #2, NMF, $123.9, 32.7%; 2000: #2, NMF, $143.1,
35.6%; 2001: #2, NMF, $137.4 50.8%; 2002: #3, NMF, $126.1, 58.8%: 2003: #6,
NMF, $144M, 54.5%; 2004: #10, 0.43s, $167.5, 36.7%; 2005: #23, 0.41s, $193.9,
23.4%; 2006: #26, 0.90s, $219.3, 20.2%; 2007: #21, 1.11s, $186.5, 19.3%;
2008: #16, 0.52s, $109.0, 24.0%; 2009: #22, 0.26S, $110.0, 33.9%. If
applicable, the annual standard deviation presented is an asset - weighted
calculation of performance dispersion for accounts in the composite for the
entire year. Past performance is no indication of future results. A complete
list and description of firm composites will be made available upon request.
Additional information regarding policies for calculating and reporting
returns is available upon request. |
|||
|
Period End |
Total Return |
Total Return |
Total Return |
|
1999 |
33.15 |
21.02 |
32.41 |
|
2000 |
-2.43 |
-9.11 |
-3.03 |
|
2001 |
-21.60 |
-11.89 |
-22.14 |
|
2002 |
-20.75 |
-22.10 |
-21.30 |
|
2003 |
25.01 |
28.69 |
24.02 |
|
2004 |
11.61 |
10.88 |
10.70 |
|
2005 |
3.91 |
4.91 |
3.31 |
|
2006 |
12.88 |
15.79 |
12.52 |
|
2007 |
-1.14 |
5.49 |
-1.60 |
|
2008 |
-30.50 |
-37.00 |
-30.83 |
|
2009 |
20.94 |
26.46 |
20.60 |
|
1 Yr (12/31/09) |
20.94 |
26.46 |
20.60 |
|
3 Yr (12/31/09) |
-6.27 |
-5.61 |
-6.66 |
|
5 Yr (12/31/09) |
-0.60 |
0.42 |
-1.04 |
|
10 Yr
(12/31/09) |
-1.97 |
-0.95 |
-2.53 |
|
This composite
(created 7/1/93) represents the returns for all nontaxable accounts of
$500,000 or greater utilizing a growth investment objective (ie. income is
not a consideration). Assets under management in this composite total $10.9
million (12/31/09) and represent 3.4% of total firm assets. Performance
includes reinvestment of dividends, is calculated in U.S. dollars and is net
of the payment of actual management fees. Fees could reduce a new client’s
returns by up to 1% per year, depending on account size. Over a period of
five years, the maximum 1% advisory fee may result in a compounded effect of
1% per annum or a total of 5.1% over five years. Groesbeck Investment
Management Corp. (GIM) is an independent, equity portfolio manager that invests
primarily in US-based securities and is not affiliated with any parent
organization. Since Jan. 1, 1994, composites have been valued monthly and
portfolio returns have been weighted by using beginning-of-month market
values. GIM claims compliance with the US and Canadian version of the Global
Investment Performance Standards (GIPS). The composite
includes the following: number of portfolios, the annual standard deviation,
composite market value at the end of the period ($Mil), and percentage of
total firm assets. Note: dispersion is not statistically meaningful (NMF)
when there are fewer than 5 portfolios in the composite for the entire year.
(period) (#, s, $M, %,) 1999: #9, 5.32s, $77.3, 19.8%; 2000: #10, 1.28s,
$78.2, 18.8%; 2001: #10, 4.13s, $54.7, 20.6%; 2002: #8, 1.94s, $38.6, 18.0%;
2003: #6, 1.81s, $17.4, 6.4%; 2004: #9, 2.82s, $23.6, 5.0%; 2005: #9, 1.89s,
$23.5, 2.8%; 2006: #9, 2.24s, $25.8, 2.4%; 2007: #12, 3.08s, $23.3, 2.4%;
2008 #12, 1.40s, $15.3, 3.3%; 2009: #7, .86s, $10.9, 3.4%. If applicable, the
annual standard deviation presented is an asset - weighted calculation of
performance dispersion for accounts in the composite for the entire year.
Past performance is no indication of future results. A complete list and
description of firm composites will be made available upon request.
Additional information regarding policies for calculating and reporting
returns is available upon request. |
|||
|
Period End |
Total Return |
Total Return |
Total Return |
|
|
1999 |
-7.99 |
21.02 |
-10.76 |
|
|
2000 |
21.51 |
-9.11 |
17.98 |
|
|
2001 |
3.47 |
-11.89 |
0.40 |
|
|
2002 |
-4.73 |
-22.10 |
-7.59 |
|
|
2003 |
23.02 |
28.69 |
19.46 |
|
|
2004 |
17.63 |
10.88 |
14.21 |
|
|
2005 |
1.05 |
4.91 |
-1.96 |
|
|
2006 |
18.98 |
15.79 |
17.88 |
|
|
2007 |
-3.57 |
5.49 |
-6.49 |
|
|
2008 |
-29.02 |
-37.00 |
-31.20 |
|
|
2009 |
11.21 |
26.46 |
7.90 |
|
|
1 Yr (12/31/09) |
11.21 |
26.46 |
7.90 |
|
|
3 Yr (12/31/09) |
-8.71 |
-5.61 |
-11.46 |
|
|
5 Yr (12/31/09) |
-1.78 |
0.42 |
-4.70 |
|
|
10 Yr
(12/31/09) |
4.72 |
-0.95 |
1.62 |
|
|
This composite (created 4/1/03) represents the total return
for all portfolios managed by Groesbeck Investment Management (GIM) in a
managed accounts program using our growth of income style. GIM is an SEC
registered investment advisor that invests primarily in U.S.-based securities
and is not affiliated with any parent organization. Performance includes
reinvestment of dividends and is calculated in U.S. dollars. Since Jan.1,
1994, composites have been valued monthly and portfolio returns have been
weighted by using beginning-of-month market values. Prior to April 1, 2003,
the composite consisted of a non-managed accounts growth of income composite,
valued at $122 million (3/31/03), and included all accounts of $500,000 or
greater with a Growth of Income investment objective. This composite is still
managed by GIM separate from the Managed Accounts Composite. It has assets of
$110.0 million (12/31/09) and represents 33.9% of total firm assets. The
performance calculations do not reflect the deduction of advisory and other
fees, which could reduce reported returns in a managed accounts composite by
up to 3% per year. * Net returns are calculated using a 3% maximum annual fee.
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Investment Management Corporation, Paramus, NJ |
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