| Year End | Total Firm Assets (millions) |
Composite Assets | Annual Performance Results | ||||||
|---|---|---|---|---|---|---|---|---|---|
| USD (millions) | Number of Accounts | Composite Gross | Composite Net | S&P 500 |
NASDAQ | DJIA | Dispersion | ||
| 2007 | 533 | 182 | 73 | -2.40% | -3.41% | 5.48% | 9.81% | 8.83% | 1.2% |
| 2006 | 433 | 205 | 65 | 26.3% | 25.02% | 15.8% | 9.52% | 19% | 1.5% |
| 2005 | 335 | 171 | 83 | 12.24% | 11.06% | 4.88% | 1.37% | 1.94% | 2.4% |
| 2004 | 309 | 129 | 61 | 27.61% | 26.47% | 10.83% | 8.59% | 5.27% | 1.9% |
| 2003 | 117 | 80 | 34 | 26.26% | 25.13% | 28.66% | 50.01% | 28.29% | .8% |
| 2002 | 50 | 50 | 22 | -4.11% | -5.04% | -22.1% | -31.53% | -15.03% | .7% |
| 2001 | 34 | 34 | 16 | 3.15% | 2.47% | -14.94% | -29.66% | -6.47% | |
* Results shown for the year 2001 represent partial period performance from February 1, 2001 through December 31, 2001
WCAM Equity Composite contains fully discretionary equity accounts. Prior to October 1, 2004, the composite was named the WCAM Composite. Effective October 1, 2006 the minimum account size for this composite is $500 thousand. Prior to October 1, 2006, the minimum was $100 thousand.
West Coast Asset Management, Inc. has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).
West Coast Asset Management, Inc. is a registered investment adviser. The firm maintains a complete list and description of composites, which is available upon request. For comparison purposes the composite is shown against the S&P 500, DJIA, and NASDAQ indices. These indices are unmanaged and represent a more diversified list of securities than that reflected in the composite. In addition, the composite may invest in securities outside of those represented in the indices shown. Additional information regarding the indices is available upon request
Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results.
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 was calculated using actual management fees. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. Additional information regarding policies for calculating and reporting returns is available upon request.
The management fee schedule is as follows: 1.50% on all assets. Actual investment advisory fees incurred by clients may vary. Composite strategy includes investments in foreign based companies, for which performance is presented net of foreign withholding taxes on dividends, interest income, and capital gains. Withholding taxes may vary according to the investor's domicile.
The WCAM Equity Composite was created January 31, 2001. West Coast Asset Management, Inc.'s compliance with the GIPS standards has been verified for the period January 31, 2001 through March 31, 2008 by Ashland Partners & Company LLP. In addition, a performance examination was conducted on the WCAM Equity Composite beginning January 31, 2001. A copy of the verification report is available upon request.