Strong Investment Management (“Strong”) is a registered investment adviser with the Securities and Exchange Commission and is notice filed in its home state and various other states. Strong may only transact business or render personalized investment advice in those states and international jurisdictions where we are notice filed or otherwise exempt from registration requirements. This web site is for the dissemination of general information on our service offerings only. Any communications with prospective clients residing in states or international jurisdictions where Strong and its advisory affiliates are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.
Performance Disclosures: A performance examination of the Focus Growth Equity Composite was performed by Ashland Partners & Company LLP for the period 1/1/2003 (inception of the Composite) through September 30, 2010. The examination was conducted in accordance with attestation standards by the American Institute of Certified Public Accountants. The actual return and value of an account will fluctuate and at any point in time could be worth more or less than the amount invested. The performance results displayed herein represent the investment performance record for a composite of client accounts invested according to the Focus Growth account objective (the “Focus Growth Composite”) managed by portfolio managers of Strong Investment Management (“Strong”), a registered investment adviser under the Investment Advisers Act of 1940. The Composite inception date is 1/1/2003. The Composite returns were calculated using an aggregate portfolio method which uses an Average Capital Base (ACB) and Internal Rate of Return (IRR) based on a discounted cash flow between monthly valuations. Monthly account returns are calculated using a Discounted Cash Flow Method. The Average Capital Base represents the average paid-in capital for the time period. The formula for Average Capital Base is: Average Capital Base = Beginning Market Value + Sum of (Each Change in Capital x (Days Left in Period / Total Days in Period)). Discounted Cash Flow (DCF) analysis uses future free cash flow projections and discounts them (most often using the weighted average cost of capital) to arrive at a present value, which is used to evaluate the potential for investment. This methodology has been applied consistently for all periods. Calculations of returns for this Composite since 9/30/2010 were obtained from our internal Advent Axys portfolio software, and were linked quarter-to-quarter since that time. The U.S. dollar is the currency used to express performance. Composite returns reflect the reinvestment of dividends and other earnings and the deduction of actual investment advisory fees charged to the client's accounts, are gross of investment management fees, but net of all transaction costs, custodian, and other fees. The performance herein represents the average of all accounts within the Composite; however the performance of the individual accounts that make up the composite will vary. Past performance is no guarantee of future results. Results will vary among client accounts. Strong advisory fees are described in Part II of its Form ADV and are disclosed in each client’s investment management agreement with Strong. A fee schedule is available upon request. This composite does include some non-fee paying accounts. Performance presented during this period occurred while the Portfolio Management Team was affiliated with a prior firm, and the Portfolio Management Team members were the only individuals responsible for selecting the securities to buy and sell. Leverage was not used in this composite.
Comparisons: Any presented individual stock data is obtained from the Total Return Analysis as reported from Bloomberg on a yearly basis, and includes the reinvestment of gross dividends. These selected indices and equities are among the largest available, as of 12/31/12, and are shown for comparison purposes only as they are commonly known by many investors. Any mutual fund data is obtained from the Total Return Analysis as reported from Bloomberg on a yearly basis, and includes the reinvestment of gross dividends. These selected funds are among the largest mutual funds, as reported by Morningstar, as of 12/31/12, and are shown for comparison purposes only, and are commonly known by many investors. The S&P 500 is a market free float-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The Russell 1000 Index measures the performance of 1000 companies of the U.S. equity universe. The Russell 1000 Index is constructed to provide a comprehensive and unbiased barometer for the overall market. This index is completely reconstituted annually to ensure new equities are included and that the represented companies continue to reflect the objectives of the Index. The Dow Jones Index is a dollar-weighted index consisting of 30 companies. The S&P 500, Russell 1000, and Dow Jones indices are calculated on a total return basis with dividends reinvested and are not available for direct investment.
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