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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.
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GROWTH OF INCOME COMPOSITE |
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Period End
|
Total Return |
Total Return |
Total Return |
|
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 |
|
2010 (YTD) |
-1.97 |
-6.65 |
-2.12 |
|
1 Yr (6/30/10) |
19.29 |
14.43 |
19.05 |
|
3 Yr (6/30/10) |
-8.52 |
-9.81 |
-8.84 |
|
5 Yr (6/30/10) |
1.35 |
-0.80 |
-1.71 |
|
10 Yr (6/30/10) |
4.43 |
-1.59 |
4.00 |
|
This composite
(created 1/1/94) represents the total return of 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
$106 million (6/30/10) and represents 37.4% of total firm assets. Performance includes reinvestment of
dividends and is calculated in U.S. dollars. Since Jan.1, 1994, composites
have been valued monthly and portfolio returns have been weighted by using
beginning-of-month market values. Performance results are presented before
deduction of investment management fees (described in Part II of our ADV
form), which could reduce a new client’s returns by up to 1% per year,
depending on account size. Over a period of five years, the maximum 1%
advisory fee may result in a compounded effect of 1% per annum or a total of
5.1% over five years. GIM claims compliance with the US and Canadian version
of the Global Investment Performance Standards (GIPS). The composite
includes the following: number of portfolios, the annual standard deviation,
composite market value at the end of the period ($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, %,) 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%; 6/30/10: #21, 0.92s, $106, 37.4%. 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. |
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|
Period End |
Total Return |
Total Return |
Total Return |
|
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 |
|
2010 (YTD) |
-3.88 |
-6.65 |
-4.03 |
|
1 Yr (6/30/10) |
15.99 |
14.43 |
15.71 |
|
3 Yr (6/30/10) |
-8.14 |
-9.81 |
-8.46 |
|
5 Yr (6/30/10) |
-1.19 |
-0.80 |
-1.57 |
|
10 Yr (6/30/10) |
-3.04 |
-1.59 |
-3.57 |
|
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 $10
million (6/30/10) and represents 3.5% of total firm assets. Performance
includes reinvestment of dividends and is calculated in U.S. dollars. Groesbeck Investment Management Corp. (GIM)
is an independent, equity portfolio manager that invests primarily in
US-based securities and is not affiliated with any parent organization. Since Jan. 1, 1994, composites have been
valued monthly and portfolio returns have been weighted by using
beginning-of-month market values. Performance results are presented before
deduction of investment management fees (described in Part II of our ADV
form), which could reduce a new client’s returns by up to 1% per year,
depending on account size. Over a period of five years, the maximum 1%
advisory fee may result in a compounded effect of 1% per annum or a total of
5.1% over five years. GIM claims compliance with the US and Canadian version of
the Global Investment Performance Standards (GIPS). The composite
includes the following: number of portfolios, the annual standard deviation,
composite market value at the end of the period ($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, %,) 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: #10, 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, 0.86s, $10.9, 3.4%; 6/30/10: #6, 1.16s, $10.0, 3.5%. 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. |
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MANAGED ACCOUNTS GROWTH OF INCOME
COMPOSITE OSITE |
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|
Period End |
Total Return |
Total Return |
Total Return |
|
|
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 |
|
|
2010 (YTD) |
-5.46 |
-6.65 |
-6.90 |
|
|
1 Yr (6/30/10) |
12.43 |
14.43 |
9.14 |
|
|
3 Yr (6/30/10) |
-10.59 |
-9.81 |
-13.28 |
|
|
5 Yr (6/30/10) |
-2.82 |
-0.80 |
-5.72 |
|
|
10 Yr (6/30/10) |
3.73 |
-1.59 |
0.66 |
|
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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 $106 million (6/30/10) and represents 37.4% 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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Copyright © 2002-2007 • Groesbeck
Investment Management Corporation, Paramus, NJ |
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