As a result, the gross rate of return for this account may be higher and may cause the total gross rate of return for the composite to be higher than presented. These results have been prepared and presented in compliance with the AIMR-PPS for the entire presentation period. A complete copy of the report is available upon request. A complete list and description of the firm's composites is available upon request. Cash holdings are included.
All returns shown are total returns with interest income reinvested.
Returns for periods greater than one year are annualized. A representative fee schedule for this strategy is included with this material. From inception through 1997, the percent of firm assets represents the assets of Solon as a stand-alone entity. Thereafter, the percentage of assets is calculated based on the combined assets of Turner and Solon. Past performance is no guarantee of future results.