| |
Risk/Return
(3)
(net of fees) 01/01/78
to 3/31/08 (4)
Base
Year = 100 Russell 1000 Value Index inception date is 1/1/79.
CG 10 Yr. = Citigroup 10 Year Treasury. Inception of Index is 1/01/80.
CG 30 Yr. = Citigroup 30 Year Treasury. Inception of Index is 1/01/80.
DJUA = Dow Jones Utility Average
LB Agg = Lehman Brothers Aggregate Bond Index
R 1000 V = Russell 1000 Value Index. Inception of Index is 1/01/79.
Reaves = W. H. Reaves & Co., Inc. ERISA Composite
S&P 500 = S&P 500 Equity Index
T Bill = Ibbotson U.S. Treasury Bill
See endnotes for important disclosures
and index definitions including ERISA comparisons.
A
disciplined, consistent approach to risk management (3)
Reaves’
value style seeks to be disciplined and risk efficient, and has resulted
in a 30-year track
record
of uncorrelated excess returns with low volatility as compared to the
broad market.
| |
1
Yr |
3
Yrs |
5
Yrs |
10
Yrs |
20
Yrs |
30.25
Yrs |
|
 |
| Beta |
1.01 |
0.86 |
0.73 |
0.47 |
0.51 |
0.53 |
|
|
| Annualized
Alpha |
10.87 |
8.91 |
10.58 |
6.17 |
4.74 |
5.36 |
|
|
| Sharpe
Ratio |
0.07 |
0.95 |
1.63 |
0.44 |
0.67 |
0.71 |
|
|
| Sortino
Ratio |
0.60 |
2.30 |
3.86 |
1.17 |
1.86 |
2.18 |
|
|
|
Monthly
data versus the S&P 500 Index (net of fees) 1/1/78 to 3/31/08.
See endnotes for important disclosures
and index definitions including ERISA comparisons. |
| |
| |
| |
| |
|
