|
|
Year
End
|
|
Benchmark Return (%)
|
Number of Portfolios |
Asset-weighted Standard Deviation
(%)
|
Total Composite Assets
(US$ Millions)
|
Total Firm Assets(US$ Millions)
|
|
Gross of Fees Return
(%)
|
Net of Fees Return (%)
|
|
1998 |
50.35 |
49.80 |
38.71 |
15 |
0.62 |
2,552 |
6,049 |
|
1999 |
35.17 |
34.71 |
33.16 |
27 |
0.74 |
4,071 |
8,097 |
|
2000 |
-3.04 |
-3.38 |
-22.42 |
29 |
0.65 |
4,762 |
10,449 |
|
2001 |
-20.89 |
-21.14 |
-20.42 |
36 |
0.28 |
6,191 |
10,674 |
|
2002 |
-27.45 |
-27.67 |
-27.88 |
37 |
0.23 |
5,799 |
9,403 |
|
2003 |
27.82 |
27.40 |
29.75 |
41 |
0.18 |
7,932 |
12,582 |
|
2004 |
4.61 |
4.27 |
6.30 |
40 |
0.21 |
8,645 |
13,499 |
|
2005 |
6.96 |
6.61 |
5.26 |
32 |
0.26 |
6,734 |
11,680 |
|
2006 |
3.46 |
3.09 |
9.07 |
30 |
0.27 |
6,152 |
10,105 |
|
2007 |
8.23 |
7.84 |
11.81 |
26 |
0.11 |
5,523 |
8,235 |
|
|
-
Peregrine Capital Managment ("Peregrine") is an independent investment advisor
registered under the Investment Advisers Act of 1940. Peregrine is
a wholly owned subsidiary of Wells Fargo & Company. A complete
list and description of firm composites and additional information
regarding policies for calculating and reporting returns are available
upon request.
-
The Growth Equity Composite includes all discretionary accounts
managed within the defined investment style during the periods
presented. The composite consists of accounts that hold 30-50
equity securities having mid to large market capitalization and are
considered to have a high potential for growth due to earnings
projections, product growth, etc. The benchmark is the Russell
1000® Growth Index. The composite was created in January 1983.
-
Returns reflect the deduction of transaction costs and are net of
non-reclaimable withholding taxes. Gross returns do not reflect the
deduction of investment advisory fees or any other expenses that may be
incurred in the management of the account. Net returns reflect the
deduction of actual advisory fees. The standard fee schedule
currently in effect is 0.75% on the first $25 million, 0.60% on the next
$25 million, and 0.50% on the next $100 million; 0.35% on the balance.
All returns are expressed in U.S. dollars.
-
An account will be temporarily removed from the composite in the
event that single or multiple cash flows in a 30 day period cumulatively
equal 10% or more of the account's market value. The account is
returned to the composite following the first fully invested day.
Additional information regarding the treatment of significant cash flows
is available upon request.
-
The dispersion of annual returns is measured by the asset-weighted
standard deviation of account returns represented within the composite
for the full year.
-
The Russell 1000® Growth Index returns are provided to represent the
investment environment existing during the time periods shown and are
not covered by the report of independent verifiers. For comparison
purposes, the index is fully invested and includes the reinvestment of
capital gains and income. The returns for the index do not include any
transaction costs, management fees or other costs.
- Past performance is not an indicator of future results.
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