(Small Value Category, # in category: 120)
(Minimum Investment $200,000)
The Volume Momentum strategy invests in micro cap stocks which meet our quantitative criteria for the strategy. This model combines our Volume Winners strategy with a momentum strategy called SuperMo. We believe that these strategies are a natural combination as they focus on stock selection methods that are relatively less correlated with each other. SuperMo has a relatively higher turnover rate, so significant (>50%) turnover can be expected each quarter.
|Results shown in US $ Net of Fees||1 Year||3 Year||5 Year||Since Inception (1/1/11) Annualized||Since Inception (1/1/11) Compounded|
|ZPR Volume Momentum Accounts*||5.98%||10.28%||12.37%||13.02%||142.94%|
*The Volume Momentum Composite consists of accounts that hold U.S. micro cap stocks selected by using ZPR Volume Momentum Analysis. This analysis combines two quantitative evaluation techniques, ZPR’s price and earnings momentum measure SuperMo, and ZPR’s volume, momentum and value system Volume Winners. 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 Russell 2000 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, 2015. The verification reports are available upon request. In addition, a performance examination was conducted on the Volume Momentum Composite from December 31, 2010 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.