Performance

 

Annualized Returns, Net of Fees

March 31, 2002 through December 31, 2016

1 year

3 year

5 year

10 year

Inception

Punch Small Cap Equity Strategy
19.93%
5.84%
14.84%
7.63%
10.64%
Russell 2000 Index
21.32%
6.74%
14.46%
7.07%
8.35%

 

Risk Measurements (Since Inception)

Punch Small Cap

Russell 2000

Annualized Standard Deviation:
17.11%
19.20%
Beta:
0.83
1.00
 Up Capture*  93.86%
 Down Capture*  82.51%


*
Disclosure:

Up & Down Capture: A statistical measure of an investment manager’s overall performance in up or down markets. The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen while down-capture ratio applies during periods when the market has fallen. The ratio is calculated by dividing the manager’s net of fee returns by the returns of the index during the respective up-market or down market months, and multiplying that factor by 100.

 

Performance is shown net-of-fees and brokerage commissions paid by the client. Certain clients have directed us to reinvest income and dividends, while others have directed us to not reinvest such earnings. As such, performance data shown includes or excludes the reinvestment of income and dividends as appropriate, depending on whether the account has directed us to reinvest income and dividends. Past performance is no guarantee of future results, and investing in securities may result in a loss of principal.

 

Please refer to the below link for our GIPS Compliant Presentation