(Minimum Investment $250,000)
EQTP stands for Earnings Quality and True Profitability. The ZPR S&P 500 EQTP Strategy invests in S&P 500 stocks which have improving earnings quality according to our model. Each quarter ZPR rank orders all of the companies in the S&P 500 by quintile(1-5), with quintile 1 representing the best companies according to the model and quintile 5 representing the worst. The strategy holds only those companies which are new arrivals to quintile 1.
Turnover is 100% per quarter according to this design.
|Results shown in US $ Net of Fees||1 Year||3 Year Annualized||5 Year Annualized||Since Inception (6/1/08) Annualized||Since Inception (6/1/08) Compounded|
|ZPR S&P 500 EQTP Accounts*||4.07%||12.55%||10.41%||9.09%||81.25%|
|S&P 500 Index||12.68%||16.10%||14.45%||8.21%||71.41%|
*The EQTP S&P 500 Composite consists of accounts that hold U.S. Large Cap Stocks that are selected by using ZPR EQTP (Earnings Quality True Profitability) Analysis. This analysis is a quantitative evaluation of a company’s financial statements designed to measure earnings quality and sustainability. 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 S&P 500 Index, presented in U.S. Dollars.
The composite return is calculated on a size adjusted basis and is presented in US Dollars. 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, 2013. The verification reports are available upon request. In addition, a performance examination was conducted on the EQTP S&P 500 Composite from December 31, 2009 to December 31, 2013. 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.