|
|
|
Investment Returns (%) Through December 2009 |
|
1996
|
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|
Annualized
Return 12/31/95 To 12/31/09 |
|
| Bolter Total |
15.4
|
26.2
|
24.8
|
7.0
|
8.6
|
-4.3
|
-6.3
|
13.8
|
8.8
|
6.5
|
5.4
|
12.0
|
-17.7
|
11.4 |
7.3 |
| Balanced 60/40 |
15.2
|
22.9
|
20.7
|
12.5
|
-1.5
|
-3.6
|
-10.0
|
18.6
|
7.8
|
3.6
|
11.0
|
6.4
|
-21.4
|
18.1 |
6.4 |
| Bolter Equities |
22.1
|
39.6
|
38.4
|
13.2
|
9.0
|
-15.2
|
-22.1
|
27.5
|
13.1
|
9.4
|
6.0
|
15.7
|
-36.6
|
8.7 | 7.0 |
| S&P 500 |
23.0
|
33.4
|
28.6
|
21.0
|
-9.1
|
-12.0
|
-22.1
|
28.7
|
10.9
|
4.9
|
15.8
|
5.5
|
-37.0
|
26.5 |
6.2 |
| Bolter Fixed |
5.5
|
7.6
|
8.9
|
-0.6
|
9.4
|
6.3
|
9.2
|
1.7
|
1.7
|
0.2
|
3.4
|
6.3
|
-0.6
|
-0.7 |
4.1 |
| Lehman Int. G/C |
4.1
|
7.8
|
8.4
|
0.4
|
10.1
|
9.0
|
9.8
|
4.3
|
3.0
|
1.5
|
4.1
|
7.4
|
5.1
|
5.2 |
5.7 |
|
Performance Disclosure
Bolter primarily manages portfolios of high quality stocks and bonds, and cash. The benchmark Balanced 60/40 Index is a weighted index consisting of 60 percent S&P 500 Index/40% Lehman Intermediate Government/Credit Bond Index and is used as a general measure of performance for balanced portfolios; the S&P 500 Index is an unmanaged index of common stocks used as a general measure of stock market performance. Bolter Total provides consolidated performance results for all portfolios under the sole management of Mr. Bolter while he was employed at Deutsche Bank Alex Brown, Inc. from January 1996 through September 2001 and for Bolter since October 2001. Results do not include one significant pension fund account that terminated in March 1998. This account was managed under different guidelines and did not terminate for performance reasons. Performance results are calculated on a time weighted total return basis and are presented on an annualized basis. Results are net of all fees and expenses. Performance reflects changes in market price and reinvestment of dividends. Past performance is no guarantee of future results.
Historical Asset Allocation
