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Performance
History (Returns shown are as of June 30, 2010)
The Steinberg Mid-Cap
Value Equity product invests in companies with market capitalizations
of $1 billion to $10 billion (at cost). Clients often use the
Russell Midcap Value® Index to benchmark the strategy. |
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Inception: January 1, 1990
*Annualized Returns
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| Top
Ten Holdings A |
|
Statistics
B
|
|
Company
|
Weightings
(%)
|
| Arch Capital Group Ltd |
7.3
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| Laboratory Corp of America Holdings |
6.1
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| Golar LNG Ltd |
5.7
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| Willis Group Holdings PLC |
4.4
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| Ralcorp Holdings Inc |
4.2
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Fidelity National Information Services |
3.5
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| Warner Chilcott PLC - Class A |
3.4
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| NeuStar Inc |
3.3
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| Thermo Fisher Scientific Inc |
3.1
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| Discovery Communications-C |
3.1
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Turnover |
50.83%* |
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Beta |
0.36 |
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R2 |
0.16 |
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Sharpe
Ratio |
-0.09 |
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SAM |
Russell
Midcap®
Value |
|
Price/Cash Flow |
8.6x |
9.6x |
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Price/Book |
1.54x |
1.32x |
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Dividend
Yield |
1.18% |
2.31% |
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Median
Market Capitalization |
$2.59B |
$3.12B |
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A
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All
information is provided for informational purposes only and
should not be deemed as a recommendation to buy the specific
securities in the Top Ten holdings list and do not represent all the securities purchased or sold and it should not be assumed that investments in these securities were or will be profitable. A listing of our 13(f) securities is filed with the SEC on Form 13F, please contact Steven Feld if you would like a copy of the last filed form. This information is shown as supplemental information only and complements the disclosures which appear at the bottom of this page. |
| B
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All
information except Price/Cash Flow, Price/Book, Dividend Yield and Median Market Capitalization is from the composite. Beta, R2 and Sharpe Ratio are computed using the monthly composite returns for the historical five-year period ending 6/30/10. |
| *
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Turnover
represents 12-month period ending 6/30/10. |
Performance
Notation
|
Mid-Cap
Composite |
SAM
returns
gross of fees |
SAM
returns
net of fees |
Russell
Midcap®
Value |
Composition
Dispersion |
#
of
portfolios |
Composite
assets end
of period
(in
$millions) |
%
of
firm
assets |
Total
firm
assets end
of period
(in $millions) |
1990 |
-8.37% |
-10.39% |
-16.09% |
3.67% |
31 |
113 |
42% |
271 |
1991 |
18.73% |
17.62% |
37.92% |
2.19% |
24 |
70 |
28% |
248 |
1992 |
10.95% |
9.94% |
21.68% |
3.15% |
19 |
90 |
35% |
259 |
1993 |
16.80% |
15.93% |
15.62% |
2.65% |
15 |
117 |
39% |
304 |
| 1994 |
-1.15% |
-1.84% |
-2.13% |
0.80% |
14 |
115 |
44% |
264 |
| 1995 |
39.66% |
38.76% |
34.93% |
3.43% |
12 |
154 |
43% |
355 |
| 1996 |
30.12% |
29.34% |
20.26% |
1.37% |
12 |
191 |
43% |
441 |
| 1997 |
28.66% |
27.91% |
34.37% |
0.97% |
11 |
224 |
39% |
577 |
| 1998 |
-10.70% |
-11.29% |
5.08% |
1.56% |
15 |
235 |
51% |
464 |
| 1999 |
14.86% |
14.05% |
-0.11% |
1.70% |
11 |
249 |
51% |
488 |
| 2000 |
47.87% |
46.89% |
19.18% |
2.91% |
11 |
409 |
52% |
784 |
| 2001 |
5.30% |
4.55% |
2.33% |
1.36% |
12 |
367 |
39% |
937 |
| 2002 |
-11.73% |
-12.39% |
-9.64% |
1.70% |
12 |
353 |
25% |
1386 |
| 2003 |
36.33% |
35.38% |
38.07% |
2.15% |
14 |
473 |
23% |
2019 |
| 2004 |
27.93% |
27.06% |
23.71% |
2.73% |
17 |
619 |
43% |
1430 |
|
2005 |
11.14% |
10.39% |
12.65% |
1.84% |
19 |
632 |
36% |
1761 |
|
2006 |
18.56% |
17.80% |
20.22% |
1.39% |
20 |
681 |
28% |
2358 |
2007 |
11.50% |
10.81% |
-1.42% |
1.23% |
21 |
744 |
28% |
2673 |
2008 |
-42.84% |
-43.20% |
-38.44% |
3.34% |
19 |
502 |
28% |
1810 |
2009 |
34.60% |
33.82% |
34.21% |
4.30% |
19 |
651 |
28% |
2287 |
2010* |
-2.03% |
-2.32% |
-0.88% |
N/M |
18 |
589 |
27% |
2196 |
|
|
2Q 2010 |
1
year* |
3
years** |
5
years** |
7
years** |
10
years** |
15
years** |
Since Inception** |
|
SAM
(gross of fees) |
-7.67% |
18.00% |
-9.46% |
1.10% |
7.11% |
7.92% |
11.55% |
11.18% |
| SAM
(net of fees) |
-7.81% |
17.33% |
-10.01% |
0.48% |
6.43% |
7.20% |
10.82% |
10.39% |
| Russell
Midcap® Value |
-9.57% |
28.91% |
-9.44% |
0.71% |
7.42% |
7.55% |
9.57% |
10.33% |
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