| Annual Total Return Performance |
|
MCM
Growth Equity
Gross Return |
MCM
Growth Equity Net Return |
Russell 1000 Growth Index |
MCM Advantage |
| 1996 |
32.11 |
31.12 |
23.12 |
MCM Outperforms |
| 1997 |
36.94 |
35.92 |
30.49 |
MCM Outperforms |
| 1998 |
21.66 |
20.74 |
38.71 |
|
| 1999 |
21.04 |
20.13 |
33.16 |
|
| 2000 |
-1.40 |
-2.14 |
-22.42 |
MCM Outperforms |
| 2001 |
-10.39 |
-11.09 |
-20.42 |
MCM Outperforms |
| 2002 |
-22.59 |
-23.18 |
-27.88 |
MCM Outperforms |
| 2003 |
26.73 |
25.77 |
29.75 |
|
| 2004 |
7.17 |
6.38 |
6.30 |
MCM Outperforms |
| 2005 |
9.88 |
9.08 |
5.26 |
MCM Outperforms |
| 2006 |
9.42 |
8.60 |
9.07 |
MCM Outperforms |
| 2007 |
14.95 |
14.08 |
11.81 |
|
| 20081 |
-9.22 |
-9.40 |
-10.18 |
|
Download Growth Equity Composite Profile
Maryland Capital Management claims compliance with the Global Investment Performance Standards (GIPS®).
Firm Information: Maryland Capital Management, LLC (MCM) is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors Act of 1940. MCM manages a variety of equity, fixed income, and balanced assets for primarily high net worth clients. The standard management fee is calculated at an annual rate of 1% of assets under management, but is subject to negotiation in certain instances.
Composite Characteristics: The Growth Equity Composite was created in December 2005. Accounts included are comprised of all actively managed equity accounts with assets greater than $500,000 that are managed to the Russell 1000 Growth Index and an investment mandate of Large Capitalization Growth. These accounts primarily invest in large capitalization US growth equities. Accounts in the composite may hold a small percentage of assets invested in fixed income securities or ETFs. New accounts that fit the composite definition are added at the beginning of the first full calendar month for which the account is under management. Closed account data is included in the composite as mandated by the standards in order to eliminate a survivorship bias. A complete list and description of all firm composites is available upon request. Please contact Lisa Faherty at 410-547-2666 to obtain a presentation that complies with the requirements of GIPS and/or a list and description of all firm composites.
Calculation Methodology: Valuations and returns are computed and stated in U.S. dollars, and individual portfolios are revalued monthly. The Modified Dietz method (average capital base equation) is used to calculate monthly returns for separate accounts. Results for the full historical period are time-weighted. MCM calculates an asset-weighted return using the aggregate method. This method aggregates market values and cash flows for all accounts and treats the composite as if it were one account. The results portrayed reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Gross of fees returns are calculated gross of management fees, custodial fees, and withholding taxes on foreign dividends and net of transaction costs. Net of fees returns are calculated net of management fees and transaction costs and gross of custodian fees and withholding taxes on foreign dividends. Accruals for fixed income and equity securities are included in calculations. Dispersion is calculated as the asset-weighted standard deviation of all accounts included in the composite for the entire year around the annual composite return. Additional information regarding policies for calculating and reporting returns is available upon request.
Other Disclosures: Maryland Capital Management has received a Firm-wide
GIPS Verification for the period 1996-6/30/2008. Past performance does not
guarantee future results. This performance report should not be construed
as a recommendation to purchase or sell any particular securities held in
composite accounts. Market conditions can vary widely over time and can result
in a loss of portfolio value.
1 2008 information is through June 30, 2008.
