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15800 Bluemound Rd., Suite 250
Brookfield, WI 53005
1-800-765-0157
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Performance Results
Dana Balanced Composite
January 1, 1992 through December 31, 2003
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Total Return
Gross of Fees |
Benchmark Return |
Number of Portfolios
in Composite |
Composite Assets
at End of Period
(US$ million) |
Percent of Firm
Assets |
Composite Dispersion
(%) |
Total Firm Assets
(US$ millions) |
2003 |
18.83% |
15.45% |
25 |
133.4 |
6.5% |
2.40% |
2,064.8 |
2002 |
-7.21% |
-8.20% |
25 |
90.8 |
4.3% |
2.50% |
2,022.9 |
2001 |
2.37% |
-1.59% |
19 |
70.2 |
3.7% |
1.18% |
1,883.7 |
2000 |
8.83% |
-0.54% |
6 |
18.2 |
1.2% |
1.27% |
1,528.0 |
1999 |
8.84% |
12.02% |
11 |
28.1 |
2.4% |
3.34% |
1,186.3 |
1998 |
9.76% |
18.05% |
9 |
25.4 |
2.4% |
1.83% |
1,048.8 |
1997 |
18.01% |
19.66% |
11 |
26.3 |
2.6% |
2.55% |
1,012.3 |
1996 |
13.99% |
13.83% |
15 |
54.6 |
5.5% |
1.80% |
998.2 |
1995 |
20.08% |
23.71% |
17 |
53.5 |
5.1% |
3.81% |
1,039.2 |
1994 |
-1.07% |
1.06% |
21 |
62.4 |
5.6% |
2.39% |
1,119.7 |
1993 |
10.03% |
7.85% |
19 |
61.7 |
5.8% |
2.06% |
1,070.0 |
1992 |
8.13% |
7.09% |
20 |
62.8 |
9.5% |
0.84% |
664.2 |
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Dana Investment Advisors, Inc. has prepared
and presented this report in compliance with the Performance
Presentation Standards of the Association for Investment Management
and Research (AIMR-PPS™), the U.S. and Canadian version
of the Global Investment Performance Standards (GIPS™).
AIMR has not been involved in the preparation or review of
this report. |
Notes:
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- Dana Investment Advisors, Inc. (Dana) is an independent
investment management firm established in 1980. Dana
manages a variety of equity, fixed income and balanced
portfolios for primarily U.S. institutional clients.
Dana maintains a complete list and description of
composites, which is available upon request.
- The blended benchmark for the composite consists
of 50% S&P 500 Index and 50% Merrill Lynch 1-3
Year Gov’t/Corporate Bond Index. The blended
benchmark is rebalanced at the beginning of each quarter.
- The composite was created December 31, 1987. Performance
is calculated in US Dollars utilizing a time- weighted
total rate of return. Total return for the composite
is represented by the asset-weighted returns of the
portfolios within the composite. Trade-date valuation
is used on Equity Securities, settlement-date valuation
is used on Fixed Income Securities. Performance results
are calculated gross of investment management fees.
- The Dana Balanced Composite does not have a minimum
size criterion for composite membership. All fee-paying,
discretionary accounts with similar investment objectives
are included. Accounts included in this composite
have been designated as growth and income oriented.
Leverage is not used in this composite as a means
to generate higher returns. Currently there are no
non-fee paying portfolios in the composite. One non-fee
paying portfolio was a member of the composite from
6/30/1992 to 1/1/2000.
- The dispersion of annual returns is measured by
the standard deviation of equal-weighted portfolio
returns represented within the composite for the full
year. The standard deviation of the annual composite
returns for the period 1992 to 2003 is 7.83%, the
Blended Benchmark was 9.37%.
- There have been no material changes in the personnel
responsible for the management of this composite.
- Performance results are presented before management
and custodial fees but after all trading costs. Dana
Investment Advisors, Inc. has a flexible and negotiable
fees schedule, reflecting the differences in size,
composition and servicing needs of clients’
accounts. Investment management fees would reduce
the returns presented, for example: a $1,000,000 portfolio
with an advisory fee of 0.75% per annum earning a
10% annual return would have paid a total compounded
advisory fee of $50,368 over a five year period. The
resulting average annual return for the period would
be 9.17%. Past performance is not indicative of future
results. A complete description of investment advisory
fees is contained in our Form ADV part II on file
with the SEC and available upon request.
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