Hamilton-Bates
Investment
Research, Inc.
Managed Account Performance
Through 9/30/11
Our Goal is to reduce downside during market declines, while keeping pace during rising markets. We consider returns acceptable if we can avoid 50% (or more) of downside during a market correction or bear market, and capture 75% (or more) of upside during market rallies.
Flexible Strategic Allocation Portfolios
| Annual Returns | SA1 Aggressive | SA2 Moderate | SA3 Conservative | SA4 Income |
Balanced Benchmark |
Stock Benchmark |
| 1998 | 7.15% | 7.49% | 8.23% | 6.20% | 8.40% | |
| 1999 | 22.01% | 22.01% | 18.72% | 8.63% | 19.52% | |
| 2000 | (1.05%) | 2.06% | 2.06% | 1.25% | (10.13%) | |
| 2001 | 0.95% | 3.04% | 5.43% | (3.16%) | (13.04%) | |
| 2002 | (16.55%) | (15.41%) | (4.52%) | (6.21%) | (23.36%) | |
| 2003 | 29.71% |
27.95% |
21.41% | 15.51% | 14.30% | 26.38% |
| 2004 | 10.51% | 11.49% | 10.26% | 9.04% | 6.29% | 8.99% |
| 2005 | 5.80% | 5.88% | 6.10% | 3.56% | 2.71% | 3.00% |
| 2006 | 13.46% | 13.36% | 12.26% | 10.75% | 8.58% | 13.61% |
| 2007 | 6.06% | 5.79% | 6.97% | 4.67% | 5.70% | 3.52% |
| 2008 | (28.45%) | (29.19%) | (20.52%) | (8.05%) | (13.73%) | (38.48%) |
| 2009 | 20.95% | 17.28% | 16.08% | 15.81% | 12.38% | 23.45% |
| 2010 | 12.72% | 12.41% | 8.80% | 8.66% | 8.95% | 12.78% |
| 2011 | 3.71% | 4.29% | 2.58% | 1.70% | 5.89% | 0.00% |
Tactical Allocation Portfolios
| Annual Returns
|
TA1 Growth |
TA5 International Equity Growth |
TA6 US Sector Equity Growth |
Balanced Benchmark |
Stock Benchmark |
| 1998 | 21.28% | 21.81% | 15.33% | 26.66% | |
| 1999 | 13.36% | 45.73% | 8.63% | 19.52% | |
| 2000 | (0.10%) | (17.59%) | 1.25% | (10.13%) | |
| 2001 | (9.51%) | (5.22%) | (3.16%) | (13.04%) | |
| 2002 | (23.00%) | (4.22%) | (6.21%) | (23.36%) | |
| 2003 | 30.67% | 22.10% | 14.30% | 26.38% | |
| 2004 | 8.63% | 21.56% | 6.29% | 8.99% | |
| 2005 | 5.70% | 25.01% | 2.71% | 3.00% | |
| 2006 | 9.86% | 20.77% | 8.58% | 13.61% | |
| 2007 | 4.22% | 13.71% | 14.82% | 5.70% | 3.52% |
| 2008 | (30.01%) | (38.23%) | (23.39%) | (13.73%) | (38.48%) |
| 2009 | 6.09% | 12.14% | 13.10% | 12.38% | 23.45% |
| 2010 | 20.81% | 17.46% | 8.51% | 8.95% | 12.78% |
| 2011 | 12.89% | (11.02%) | (0.17%) | 5.89% | 0.00% |
Results in Action: See the Value of $10,000 Invested Since Inception in Our 3 Largest Flexible Strategic Allocation Portfolios
Hamilton-Bates Investment Research Disclaimer
The stated returns are gross of advisory fees. The calculations of
these results reflect what would have actually occurred had an investment moved
according to the strategy’s respective buy and sells signals and reflects actual
client group data for the period stated. Data for the calculation of performance
was obtained from sources believed reliable, but whose accuracy is not
guaranteed. There may be variances in actual returns for a client’s account vs.
the stated returns due to transactions that may take place in an account such as
additions and/or withdrawals, trading restrictions imposed by the custodian, or
account inception dates. The stated returns include the reinvestment of
dividends and capital gains. All mutual funds charge shareholders internal
management fees and other fees, etc. Please refer to each fund’s prospectus for
details. All of the above strategies include the use of money-market funds. An
investment in a money-market fund in neither insured nor guaranteed by the U.S.
Government, and there can be no assurance that the fund will be able to maintain
a stable net asset value of $1.00 per share. Because markets are influenced by a
variety of changing conditions, future performance based on prior results should
not necessarily be assumed. The period covered was of generally rising prices
and may not reflect material economic and market factors that may effect the
Advisor’s decisions in the future. It should be noted that the possibility of
loss exists along with the potential for profit. Past performance does not
guarantee future results. Please invest only after careful consideration of
your needs, objectives, and risk tolerance.
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