Large Cap Composite Performance



4Q16 Large Composite Performance
 4Q16 annuals
1. SCM is an independent investment adviser registered under the Investment Advisers Act of 1940. SCM was founded on December 5, 1996 and is 100% employee owned. Registration does not imply a certain level of skill or training.
2. The Large Cap Value Composite (the “Composite”) includes all actual, fee-paying, discretionary portfolios with a mandate to invest primarily in common stocks of companies that have value characteristics and market capitalizations that are generally within the range of companies in the Russell 1000 Index at the time of initial purchase.
3. SCM’s Large Cap Value composite is compared to the Russell 1000 Value Index, a subset of the Russell 1000 Index, which measures the performance of the stocks of the 1,000 largest companies in the Russell 3000 Index, based on market capitalization. The Russell 1000 Value Index measures the performance of those stocks of the Russell 1000 Index with lower price-to-book ratios and lower relative forecasted growth rates. The index is fully invested and includes the reinvestment of income. The returns of the index include the reinvestment of dividends but do not account for transaction costs or other expenses which an investor might incur in attempting to obtain such returns. You cannot invest directly in these indices.
4. Composite returns include cash and cash equivalents and the reinvestment of any dividend or interest income.
5. Composite returns are presented net of any nonreclaimable withholding taxes. Composite returns reflect the deduction of direct trading expenses and the actual fees as per the investment advisory agreements. Fees paid by certain clients may be different from the current fee schedule. SCM’s investment advisory fees are described in Part 2A of Form ADV. The current fee schedule is: 0.70% per annum on assets up to $25 million; 0.50% on the next $25 million and 0.40% on assets over $50 million.
6. The performance data quoted above represents past performance; past performance is not indicative of future results.
7. Frank Russell Company is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. This is a presentation of SCM. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. Frank Russell Company is not responsible for the formatting or configuration of this material or for any inaccuracy in SCM’s presentation thereof.