The Grapes Quant Focused Strategy invests in U.S. small cap stocks which meet certain quantitative selection criteria. Specifically, the stocks chosen are attractive according to our GRAPES valuation model and also are measured by a second “control” factor, which we believe improves the likelihood of a successful investment. Typically only a small number of small cap companies pass both screens, resulting in a concentrated portfolio of approximately 10-20 stocks. Both factors are re-assessed on a quarterly basis, and some turnover is likely each quarter.
|Results Shown in US $ Net of Fees||1 Year||3 Year Annualized||5 Year Annualized||Since Inception (10/1/12) Annualized||Since Inception (10/1/12) Compounded|
|ZPR Grapes Quant Focused*||4.03%||11.75%||12.51%||14.52%||110.81%|
*The Grapes Quant Focused Composite consists of accounts that invest in U.S. small cap stocks that are selected using ZPR’s Grapes Quant Focused Analysis. This analysis is a quantitative screening process using ZPR’s GRAPES valuation model as well as other factors. The strategy will typically hold between 10 and 20 securities at a given time. The benchmark for the composite is the Russell 2000, presented in U.S. Dollars.
The composite return is calculated on a size adjusted basis and is presented in U.S. Dollars.Returns are presented net of management fees including incentive fees where applicable. Net of fee performance was calculated using 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, 2013. In addition, a performance examination was conducted on the Grapes Quant Focused Composite from October 1, 2012 to December 31, 2013. The verification reports are available upon request. 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.