As of 1/31/12
The following performance data is for the Jacobs Investment Management Equity Composite net of management fees. Please see disclosure information about the composite below. Inception date for the composite was 9/1/06.
5 years annualized: 0.67%. Theoretical Morningstar % rank: 25
3 years annualized: 17.65%. Theoretical Morningstar % rank: 58
1 year: 6.94%. Theoretical Morningstar % rank: 7
The theoretical Morningstar ranking is based on a comparison to mutual funds categorized by Morningstar as large cap blend. For the % rank, smaller numbers indicate better performance; 25% rank means the composite is behind on performance vs approximately 25% of such funds and ahead of approximately 75%. Jacobs Investment Management believes the equity composite, which is not a mutual fund, most closely fits this Morningstar category. Morningstar has not categorized the composite in any way nor has it done any evaluation of the composite.
Performance Disclosure January 5, 2012
Past performance is no guarantee of future results.
The performance does not include investment management fees, which would reduce the clients' investment returns. The impact of fees for the equity composite since inception of 8/1/06 would be to reduce returns by about 1% annually or about 5.5% cumulatively.
See the Jacobs Investment Management ADV Part II for information regarding investment fees charged by the firm.
The S&P 500 Total Return is a market cap-weighted index of 500 stocks designed to measure performance of the broad US market. These indices are unmanaged, and investors cannot actually make investments directly in them.
The equity composite is made up of 16 accounts with an asset total of $13.5mm in the most recent period.
Equity accounts are defined as accounts in which the target for fixed income plus cash makes up less than 20% of the overall managed portfolio. The minimum account size for an account to be added to the equity composite at the beginning of a given month is $250,000. An account exits the composite at the end of a month if it ends below $200,000.
The composite includes all fee-paying accounts in which the equity exposure in stocks supervised by JIM reaches 80% of the target exposure for the entire month with a minimum of 75% in equity exposure.
All fee-paying accounts are in at least one composite. Performance information about other composites is available upon request.
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