(World Small/Mid Stock Category, # in category: 366)
(Minimum Investment $350,000)
The ZPR Global Equity Strategy consists of both U.S. and International small cap value stocks. The strategy identifies undervalued companies in select foreign markets by applying the same Fundamental Process that we use in managing our US Small Cap Value strategy. Our current mix is 30-40% in U.S. small cap value stocks and 60-70% in Asian small cap value stocks.
|Results shown in US $ Net of Fees||1 Year||3 Year Annualized||5 Year Annualized||10 Year Annualized||Since Inception (1/1/01) Annualized
||Since Inception (1/1/01) Com-
|ZPR Global Equity Accounts*||22.67%||5.16%||12.47%||10.11%||16.06%||1067.62%|
|MSCI ACWI Index
*The Global Equity Composite consists of accounts that hold both U.S. and International stocks selected by using ZPR Fundamental Analysis. This analysis identifies undervalued companies using ZPR’s GRAPES valuation model and also applies other selection criteria relating to a company’s business prospects, management quality, and capital structure. It includes fully discretionary, management fee-paying and non-management fee-paying accounts including those accounts no longer with the firm. The benchmark for the composite is the MSCI ACWI (All Country World) Index, presented in US Dollars. The composite return is calculated on a size adjusted basis and is presented in US Dollars.
The composite includes the performance of accounts that may occasionally use margin; however, the use of margin is not part of the overall strategy of the composite. Returns are presented net of actual management fees paid, except in the case of non-fee paying accounts where model fees have been imputed. Fees are described in the firm’s ADV part 2. Trade date, not settlement date, is used for all valuations. Returns include all trading expenses and the reinvestment of all income.
Past performance does not guarantee future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s portfolio. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio, and there are no assurances that it will match or outperform any particular benchmark. Historical performance results for benchmarks, such as investment indices and/or categories, generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, which would have the effect of decreasing historical performance results.
ZPR Investment Management, Inc. is an SEC registered investment adviser managing separate accounts that are fully discretionary. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. ZPR Investment Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®). ZPR Investment Management, Inc.’s compliance with the Global Investment Performance Standards (GIPS®) has been verified firm-wide from December 31, 2000 through December 31, 2015. The verification reports are available upon request. In addition, a performance examination was conducted on the Global Equity Composite from December 31, 2000 to December 31, 2015. To receive a complete description of the policies and procedures for this composite, a list and description of all firm composites, and a GIPS compliant presentation please contact us at 386-775-1177 or firstname.lastname@example.org.
© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar RatingTM for separate accounts, commonly called the star rating, is a measure of a separate account’s risk-adjusted return, relative to other separate accounts in the same Morningstar Category. Separate accounts are rated from 1 to 5 stars, with the best performers receiving 5 stars and the worst performers receiving 1 star. Separate accounts are rated for up to three periods (three, five, and 10 years), and ratings are recalculated each quarter. The Morningstar Rating for separate accounts uses an enhanced risk-adjusted return measure, which accounts for all variations in a separate account’s monthly performance, with more emphasis on downward variation. Separate accounts are ranked against others in the same category and stars are assigned as follows: Top 10% 5 stars, Next 22.5% 4 stars, Middle 35% 3 stars, Next 22.5% 2 stars, Bottom 10% 1 star.