Description
Logan Capital Management, Inc.
Performance Results: LCV Composite
January 1, 1996 through December 31, 2011
Year
YTD 2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1 Year
3 Years
5 Years
10 Years
Since Inception†
Composite
Total Return Total Return
Number Dispersion Composite Russell 200 Composite 3- Assets in
of
Value 3-Yr
Yr Sharpe
Composite % of Firm Firm Assets
Net of Fees Gross of Fees Russell 200 Russell 1000
Gross of Fees 3-Yr Std
Value (%) Accounts
(%)
Dev (%) Std Dev (%)
Ratio (%)
($millions)
Assets
($millions)
(%)
(%)
Value (%)
18.7%
19.7%
1.1%
0.4%
46
0.3%
18.2%
20.1%
0.8%
$11.0
0.6%
$1,873
12.5%
13.5%
11.7%
15.5%
30
0.4%
19.8%
22.0%
-0.1%
$5.8
0.3%
$1,769
8.5%
9.5%
14.6%
19.7%
23
0.3%
17.9%
20.1%
-0.4%
$6.0
0.4%
$1,539
-22.9%
-22.3%
-36.1%
-36.8%
24
0.6%
11.7%
14.5%
-0.4%
$6.3
0.5%
$1,240
-0.6%
0.3%
0.2%
-0.2%
34
0.3%
7.3%
8.1%
0.5%
$10.8
0.7%
$1,658
23.9%
24.8%
23.0%
22.2%
34
0.4%
6.8%
6.4%
1.3%
$10.6
0.8%
$1,333
-0.4%
0.4%
4.6%
7.1%
41
0.3%
10.2%
9.3%
0.8%
$20.1
1.8%
$1,123
11.4%
12.1%
13.3%
16.5%
61
0.3%
15.0%
15.4%
0.4%
$32.7
3.1%
$1,066
19.2%
20.0%
26.8%
30.0%
83
0.5%
15.4%
16.6%
0.1%
$45.2
4.5%
$1,006
-10.0%
-9.4%
-18.0%
-15.5%
70
0.3%
18.3%
17.6%
-0.2%
$34.0
4.0%
$861
-0.8%
-0.2%
-8.8%
-5.6%
71
0.4%
17.0%
15.1%
-0.2%
$35.8
3.9%
$912
8.9%
9.6%
2.3%
7.0%
58
1.1%
18.7%
17.9%
0.3%
$28.2
2.7%
$1,027
-4.5%
-3.8%
10.9%
7.3%
95
0.8%
14.9%
16.6%
1.0%
$32.0
3.4%
$873
28.0%
29.0%
21.2%
15.6%
34
0.7%
11.9%
15.6%
2.0%
$13.0
1.8%
$648
37.6%
38.8%
35.5%
35.2%
19
0.6%
$4.4
0.8%
$512
17.4%
18.6%
22.3%
21.6%
3
N.M.
$0.5
0.2%
$276
Annualized Returns (as of 12/31/11)
† Inception of 12/31/95
18.7%
19.7%
1.1%
0.4%
N.M. - Information is not statistically meaningful due to an insufficient number
13.2%
14.2%
9.0%
11.5%
of portfolios in the composite for the entire year.
2.1%
3.0%
-3.7%
-2.6%
N.A. - Data is less than one year.
5.1%
5.9%
2.3%
3.9%
8.1%
9.0%
6.2%
7.2%
Logan Concentrated Value (LCV) Composite contains fully discretionary large cap value equity accounts, measured against the Russell 1000 Value
and Russell 200 Value benchmarks. The strategy invests in 10-12 very large cap stocks with strong balance sheets, strong cash flows and relatively
high dividend yields.
ADR’s may be included in the portfolio (generally less than 20%). Turnover is typically 30-50% annually. Only accounts paying commission fees are included.
No minimum account size for this composite. Logan Capital Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Logan Capital Management, Inc.
has been independently verified for the periods April 1, 1994 through June 30, 2011 by Ashland Partners & Company LLP. A copy of the verification report(s) is/are available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite disclosure presentation. Logan Capital Management, Inc.
is a privately owned registered investment adviser. The firm maintains a complete list and description of composites, which is available upon request. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results. The U.S.
Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income. Net of fee performance was calculated using actual management fees.
The annual composite dispersion presented is an assetweighted standard deviation calculated for the accounts in the composite the entire year. Additional information regarding the policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. The investment management fee schedule is as follows: 80 basis points on the first $25 million, 70 basis points on the next $25 million, 50 basis points on the next $25 million and 45 basis points on the $25 million thereafter. The investment advisory fees charged for accounts whose market value exceeds $100 million are negotiable.
Accounts under $10 million will be charged a flat 1.00% per annum. Actual investment advisory fees incurred by clients may vary. The Logan Concentrated Value (LCV) Commission Composite was created August 1, 2000. Performance presented prior to August 1, 2000 represents that of Berwind Investment Management, L.P. 11 .
ADR’s may be included in the portfolio (generally less than 20%). Turnover is typically 30-50% annually. Only accounts paying commission fees are included.
No minimum account size for this composite. Logan Capital Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Logan Capital Management, Inc.
has been independently verified for the periods April 1, 1994 through June 30, 2011 by Ashland Partners & Company LLP. A copy of the verification report(s) is/are available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite disclosure presentation. Logan Capital Management, Inc.
is a privately owned registered investment adviser. The firm maintains a complete list and description of composites, which is available upon request. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results. The U.S.
Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income. Net of fee performance was calculated using actual management fees.
The annual composite dispersion presented is an assetweighted standard deviation calculated for the accounts in the composite the entire year. Additional information regarding the policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. The investment management fee schedule is as follows: 80 basis points on the first $25 million, 70 basis points on the next $25 million, 50 basis points on the next $25 million and 45 basis points on the $25 million thereafter. The investment advisory fees charged for accounts whose market value exceeds $100 million are negotiable.
Accounts under $10 million will be charged a flat 1.00% per annum. Actual investment advisory fees incurred by clients may vary. The Logan Concentrated Value (LCV) Commission Composite was created August 1, 2000. Performance presented prior to August 1, 2000 represents that of Berwind Investment Management, L.P. 11 .
