Balanced Portfolio Annual Disclosure Presentation
TWR (Time-Weighted Return) for Selected Periods Gross of Fees
December 31, 2021
Latest 3 Years
Latest 5 Years
Last 10 Years
Last 20 Years
N.A. – Information is not statistically meaningful due to an insufficient number of portfolios in the composite for the entire year.
*Pure Gross returns are shown as supplemental information. See below for additional important disclosures.”
Sycamore ‘Balanced’ Composite contains only fully discretionary balanced accounts with allocations at or above 60% stocks, 40% bond funds that invest in securities on the Sycamore approved trading list (which consist of equity and fixed investments) and for comparison purposes is measured against a 75%/25% blend of the S&P 500 Index and the Barclays Aggregate Composite Bond Index calculated monthly. The minimum account value for inclusion in the composite is $100,000. If for any reason a portfolio falls below $60,000 for 2 consecutive quarters it will be removed from the composite. As of 7/31/2020 balanced accounts below a 60/40 allocation were removed from the Balanced composite.
Sycamore Financial Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Sycamore Financial Group has been independently verified for the periods September 30, 1996, through December 31, 2021. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards.
Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. © 2022 Sycamore Financial Group. All other trademarks are the exclusive property of their respective companies.
The Sycamore ‘Balanced’ Composite has been examined for the periods June 30, 1997, through December 31, 2020. The verification and performance examination reports are available upon request.
Sycamore Financial Group is an independent registered investment adviser. The firm maintains a complete list of composite descriptions, which is available upon request.
Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Returns include the effect of foreign currency exchange rates. Composite performance is presented as gross of foreign withholding taxes on dividends, interest income, and capital gains. Withholding taxes may vary according to the investor’s domicile. Composite returns represent investors domiciled primarily in the United States. 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 custodial fees and include the reinvestment of all income. Both gross and net returns are reduced by trading expenses for accounts that pay commissions on trades. Beginning in 2015, certain accounts pay an asset-based fee to their custodian that includes all trading expenses. This results in a “pure gross” return for these accounts as only net of fee returns are reduced by this asset-based fee. Pure gross returns are shown as supplemental information to net of fee returns. Net of fee performance was calculated using actual fees. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite for the entire year. Additional information regarding policies for valuing investments, calculating performance, and preparing GIPS Reports is available upon request.
Separate Account Supplemental Information
Performance – The performance data given represents past performance and should not be considered indicative of future results. General market conditions and or economic conditions can have a significant impact on the performance of this composite or your individual investment. The principal value and investment return will fluctuate, so that an investor’s shares when redeemed may be worth more or less than the original investment. The separate account is not FDIC- insured, may lose value, and is not guaranteed by a bank or other financial institution.
Our separate account performance data is reported as a “composite” of similarly managed portfolios. As such, investors in the same separate account may have slightly different portfolio holdings because each investor has customized account needs, tax considerations, and security preferences. These performance results contain portfolios that reinvest dividends and interest as well as portfolios that withdraw all or a portion of this income.
Index Comparison – We have compared our composite performance to a 75%/25% blend of the S&P 500 Index and the Barclays Aggregate Composite Bond Index (previously known as the Lehman Brothers Composite Bond Index). Your portfolio may fluctuate more or less than this index blend. An investor cannot invest directly in an index.
Composite Dispersion – This is a measure of the variation of individual account performance within our composite. Your portfolio may perform better or worse than our composite and while there is no guarantee of future performance, the composite dispersion gives you guidance on the amount of over performance or under performance that you may expect during most periods.
© 2022 Sycamore Financial Group. All other trademarks are the exclusive property of their respective companies.