Annualized
and calendar year performance returns represent, and are supplemental
information to, the Large Growth Composite presentation and disclosures of
Transamerica Investment Management, LLC as provided within the performance
window shown, which are integral part of this presentation. Returns under one
year are not annualized. Large Growth Composite contains fully discretionary
large growth institutional equity accounts with approximately 50 issues in a
growth discipline and for comparison purposes is measured against the Russell
1000 Index. Gross of fee returns include transactions costs and accrued income
and dividends but do not reflect the deduction of investment advisory fees. Net
of fee performance is calculated using the monthly fraction of the highest
annual management fee of 0.75%. As of January 4, 2010 the lead portfolio manager
for this product changed. Past performance is no guarantee of future results.
Material such
as, but not limited to, portfolio level fundamentals (characteristics) are
deemed supplemental information and complements the performance disclosures
which are an integral part of this presentation. Portfolio characteristics
above reflect a representative account as of June 30, 2010, and are subject to
change without notice. Individual account holdings may vary based on
restrictions, substitutions, cash flows and other factors. Source for
characteristics: Thomson Portfolio Analytics. Risk statistics are calculated
using gross-of-fee returns versus the benchmarks shown-see Large Growth
Composite presentation and disclosures for additional information on benchmarks;
risk statistics calculated using net-of-fee returns may vary. Source for risk
statistics: eVestment Analytics.
LARGE GROWTH COMPOSITE
PRESENTATION
|
Period |
Total Firm
Assets
(Millions) |
Composite Assets |
Periodic Performance Results |
|
USD
(Millions) |
Number of Accounts |
Composite
Gross |
Composite
Net |
Russell 1000® Growth |
Composite Dispersion |
|
2010 Q2 |
13,390 |
1,086 |
12 |
-12.24% |
-12.41% |
-11.75% |
|
|
2010 Q1 |
16,768 |
4,644 |
15 |
5.79% |
5.59% |
4.65% |
|
|
2009 |
16,404 |
4,755 |
16 |
31.02% |
30.06% |
37.21% |
1.2% |
|
2008 |
14,464 |
4,339 |
21 |
-44.98% |
-45.41% |
-38.44% |
0.6% |
|
2007 |
23,804 |
8,923 |
26 |
17.16% |
16.29% |
11.81% |
0.6% |
|
2006 |
23,380 |
8,326 |
20 |
10.11% |
9.29% |
9.07% |
1.1% |
|
2005 |
19,668 |
3,962 |
8 |
17.20% |
16.33% |
5.26% |
0.2% |
|
2004 |
22,043 |
7,498 |
37 |
16.66% |
15.80% |
6.30% |
1.4% |
|
2003 |
14,657 |
3,914 |
18 |
32.61% |
31.64% |
29.75% |
0.6% |
|
2002 |
11,633 |
2,616 |
13 |
-22.57% |
-23.17% |
-27.88% |
0.7% |
|
2001 |
11,778 |
2,988 |
11 |
-16.53% |
-17.16% |
-20.42% |
N/A |
|
2000 |
9,413 |
2,344 |
≤5 |
-6.45% |
-7.15% |
-22.42% |
N/A |
|
1999 |
10,935 |
3,675 |
6 |
33.69% |
32.71% |
33.16% |
N/A |
|
1998 |
42,234 |
2,726 |
≤5 |
41.10% |
40.08% |
38.71% |
N/A |
|
1997 |
37,743 |
1,920 |
9 |
46.97% |
45.90% |
30.49% |
N/A |
|
1996 |
33,404 |
685 |
≤5 |
29.70% |
28.76% |
23.12% |
N/A |
|
1995 |
29,039 |
434 |
≤5 |
45.88% |
44.82% |
37.18% |
N/A |
|
1994 |
25,919 |
246 |
≤5 |
5.30% |
4.52% |
2.62% |
N/A |
N/A – Information is not
statistically meaningful due to an insufficient number of portfolios in the
composite for the entire year.
|
Performance Results as of June 30, 2010
(Results
for periods greater than 12 months have been annualized) |
|
|
YTD |
1 YEAR |
3 YEAR |
5 YEAR |
10 YEAR |
INCEPTION |
|
Composite Gross |
-7.16% |
12.32% |
-9.96% |
0.16% |
-1.30% |
10.54% |
|
Composite Net |
-7.51% |
11.49% |
-10.65% |
-0.59% |
-2.04% |
9.72% |
|
Russell 1000® Growth |
-7.64% |
13.62% |
-6.91% |
0.38% |
-5.14% |
5.88% |
Large Growth Composite
contains fully discretionary large growth institutional equity accounts with up
to approximately 50 issues in a growth discipline and for comparison purposes is
measured against the Russell 1000® Growth Index. This composite was previously
known as Large
Growth (Institutional) Composite.
Prior to April 1, 2005, the composite was defined as fully discretionary large
growth institutional equity accounts; it has been redefined to more accurately
reflect the investment strategy. Beginning January 1, 2002, the minimum account
size for this composite is $10 million. Prior to January 1, 2002, no minimum
account size was required.
Transamerica Investment Management,
LLC (TIM) is an SEC-registered investment adviser that commenced operations on
January 1, 2000. TIM is controlled by Transamerica Investment Services, LLC
(formerly Transamerica Investment Services, Inc.), which became part of the
AEGON Group of companies on July 21, 1999.
Transamerica
Investment Management, LLC has prepared and presented this report in compliance
with the Global Investment Performance Standards (GIPS®). TIM’s
compliance with GIPS has been verified for the period January 1, 2000, through
June 30,
2008, by Ashland Partners & Company LLP. In addition, performance examinations
on the Large Growth Composite were conducted by Ashland Partners & Company LLP
for the period since January 1, 2000. A copy of the verification report is
available upon request.
The
Large Growth
Composite was created on July 1, 2001, and has an
inception date of January 1, 1994. Performance presented prior to January 1,
2000, was generated under Transamerica Investment Services, Inc. The manager
primarily responsible for performance prior to January 4, 2010, is no longer an
employee of the firm but, as of July 1, 2010, serves as a consultant to the
firm, providing advice on management of the portfolio.
Results are based on fully discretionary accounts under management, including
those accounts no longer with the firm. The U.S. dollar is the currency used to
express performance. Returns are presented gross and net of management fees and
include the reinvestment of all income. Net-of-fee performance is calculated
using the monthly fraction of the highest annual management fee of 0.75%. The
annual composite dispersion measure presented is an asset-weighted standard
deviation calculation based on accounts in the composite the entire year.
Additional information regarding policies for calculating and reporting returns
is available upon request. Past performance is not indicative of future results
and individual account performance may vary. The firm maintains a complete list
and description of composites, which is available upon request.
The investment management fee schedule for the Large Growth Composite is listed
below; actual investment advisory fees incurred by clients may vary.
First $25 million
0.75%
Next $25
million 0.65%
Next $50
million 0.55%
Next $150
million 0.50%
Remaining
assets 0.45%