Growth & Income Portfolio2018-11-13T12:06:21+00:00

Growth and Income Portfolio Equity Composite

Investment Advisory Information
Form ADV: Part 2 A&B Click Here.

Experienced Professionals
  • Craig Smith, CFP, President, founded Sycamore in 1983
  • Portfolio Managers have more than 44 years total combined industry experience
  • Clients have direct contact with portfolio managers
  • Portfolios are customized to client needs
  • Sycamore’s professionals respond in person to client calls
Investment Process for Conservative Success
  • Conservative core investments
  • Buying right the first time, and holding securities
    as companies grow (Growth at a reasonable price)
  • Selection based on fundamentals
  • Sector diversified to lower risk
Performance with Risk Awareness
  • Excess annualized return of 0.99% above the S&P 500 index, over fifteen years
    ending Sept. 30, 2018
  • Alpha of 1.50 versus S&P 500 for fifteen years ending Sept. 30, 2018
  • Investment in 50-100 quality companies provides diversification
  • Lower volatility can provide protection in down markets
Consistency and Transparency
  • Low client turnover – building relationships through customer satisfaction
  • A common sense investment process consistently applied since 1996
  • Performance calculations and returns verified by an industry recognized auditing firm
  • Competitive with investment firms nationwide
  • All client assets are held by independent third party custodians

Past performance does not assure future results. Investors cannot invest directly in the stock market indexes
such
as the S&P 500. Investment return and principal value of an investment will fluctuate. Investor value,
when sold may be
worth more or less than their original cost.

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 significant impact on the performance of this composite or your individual investment. 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 the S&P500 index. This index contains 500 widely held stocks and is often used as a proxy for the stock market. Your portfolio may fluctuate more or less than this index. An investor cannot invest directly in an index.

Risk – Diversification does not assure profit and will not necessarily protect against loss in a declining market.

Definitions

Alpha: Alpha measures the difference between a separate account’s actual returns and its expected performance, given its level of risk (as measured by beta). Alpha is often seen as a measure of the value added or subtracted by a portfolio manager.

Beta: Beta is a measure of a separate account’s sensitivity to market movements. A portfolio with a beta greater than 1 is more volatile than the market, and a portfolio with a beta less than 1 is less volatile than the market.

Up-Market Capture Ratio: The up-market capture ratio is a measure of a manager’s performance in up markets relative to the index during the same period. A ratio value of 115 indicates that the manager has outperformed the market index by 15% in periods when the index has risen

Down-Market Capture Ratio: This ratio is the direct opposite of the up-market capture ratio, gauging performance of the manager relative to the index in down markets. A ratio value of 80 would indicate the manager has declined only 80% as much as the declining overall market, indicating relative outperformance.

Disclosure – © 2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Sycamore Growth and Income Equity was rated against the following numbers of U.S.-domiciled Large Blend Category funds over the following time periods: 543 funds in the last three years, 497 funds in the last five years, and 375 funds in the last ten years. With respect to these Large Blend Category funds, Sycamore Growth and Income Composite received a Morningstar Rating of 4 stars, 3 stars and 5 stars for the three-, five- and ten-year periods, respectively. Past performance is no guarantee of future results.

© 2018 Sycamore Financial Group.All other trademarks are the exclusive property of their respective companies.

Growth and Income Composite Annual Disclosure Presentation

TWR (Time-Weighted Return) for Selected Periods Gross of Fees

December 31, 2017

Latest 1
Year
Annualized
Latest 3 Years
Annualized
Latest 5 Years
Annualized
Last 10 Years
Annualized
Last 20 Years
Account
21.28
12.16
16.40
9.86 8.84
S&P 500
Total
Return
21.83 11.41 15.79 8.50 7.20
Sycamore Financial Group Growth and Income Composite

“N.A. – Not applicable”
*Pure Gross returns are shown as supplemental information.  See below for additional important disclosures.
The Sycamore Growth and Income Composite was created September 30, 1996.

Sycamore Growth and Income Composite contains only fully discretionary growth and income equity accounts that invest in securities on the Sycamore approved trading list, (which consist only of common and preferred stocks) and for comparison purposes is measured against the S&P 500 Index. The minimum account value for inclusion in the composite is $100,000, as of October 1, 2013, If for any reason a portfolio falls below $60,000 for 2 consecutive quarters it will be removed from the 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, 2017.

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. The Growth & Income composite has been examined for the periods September 30, 1996 through December 31, 2017. 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 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 fees 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 the entire year. Additional information regarding policies for valuing portfolios, calculating performance, and preparing compliant presentations is available upon request.

The investment management fee schedule for the composite is 1.5% on the first $0.5million, 1% on the next $1 million, 0.8% on the next $8.5 million, and .6% on amounts above $10 million. Actual investment advisory fees incurred by clients may vary.

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 significant impact on the performance of this composite or your individual investment. 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 the S&P500 index. This index contains 500 widely held stocks and is often used as a proxy for the stock market. Your portfolio may fluctuate more or less than this index.

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 of the amount of over performance or under performance that you may expect during most periods.

© 2018 Sycamore Financial Group.All other trademarks are the exclusive property of their respective companies.