Our History of Successful Investing

* Managed Asset Portfolios, LLC claims compliance with the Global Investment Performance Standards (GIPS®). To obtain a compliant performance presentation and/or the firm’s list of composite descriptions visit our website at www.managedassetportfolios.com or call us directly at (248) 601-6677. **For detailed performance information please see Annual Disclosure Presentation. ***For detailed information on awards please see the Awards Disclosure document.

MAP Global Equity Composite

Annual Disclosure Presentation


1Due to the house holding of client accounts, there was a material change in the Number of Accounts for the following years: 2002-2009. 2Due to the accidental exclusion of a non-fee paying account, there was a material change in the % of Non-Fee Paying accounts.
MAP Global Equity Composite seeks to generate long-term growth of capital by investing in a diversified equity portfolio. Investments may also include foreign-listed stocks, fixed income securities, preferred stocks, covered call options and other securities. Prior to 01/01/2011, the Global Equity Composite was called the Capital Appreciation Composite. Prior to 01/01/2011, the primary benchmark was the S&P 500 Index and the secondary benchmark was the Russell 3000 Index. Effective 01/01/2012, the primary benchmark is the MSCI ACWI Index and there is no secondary benchmark. Prior to 01/01/2012, the primary benchmark was the MSCI ACWI and the secondary benchmark was the S&P 500. The S&P 500 and the Russell 3000 Index are no longer shown, as they are no longer appropriate. The benchmark change was due to the MSCI ACWI Index being a better barometer, given that the S&P 500 contains mostly US-based companies. The MSCI ACWI is a free float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The index currently consists of 47 countries, comprising 23 developed and 24 emerging market indices. Covered call writing is employed periodically to enhance income stream and reduce risk. While writing covered calls can reduce downside risk, the writer of a covered call foregoes the opportunity to benefit from an increase in the value of the underlying interest above the option price. Additionally, an option writer may be assigned an exercise at any time during the period the option is exercisable. Reuters and State Street are the exchange rate sources of the portfolios within the composite. Returns include the effect of foreign currency exchange rates.
Managed Asset Portfolios, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Managed Asset Portfolios, LLC has been independently verified for the periods March 31, 2001 through September 30, 2017.
Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The MAP Global Equity Composite has been examined for the periods March 31, 2001 through September 30, 2017. The verification and performance examination reports are available upon request.
Managed Asset Portfolios, LLC is a registered investment adviser. The firm’s list of composite descriptions is available upon request.
Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Composite performance is presented gross of foreign withholding taxes. Non-fee-paying accounts are included in this composite. 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. Beginning November 30, 2011, the composite contains wrap/bundled fee accounts. Wrap/bundled fee accounts represent the following percentages of the composite: 2011: 1%, 2012: 1%, 2013: 3%, 2014: 3%, 2015: 5%; 2016: 9%, 2017: 12%. Wrap/bundled fee accounts pay a fee based on a percentage of assets under management. Wrap fees may include but are not limited to custody fees, trading and execution fees, and performance reporting fees. Gross returns are shown as supplemental information and may not include transaction costs. Results are presented net of actual fees until December 31, 2005; from January 1, 2006 through the present, net composite results are presented net of highest fee. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.
The management fee is generally 1.25% for the first $5,000,000. The fee is negotiable for accounts over $5,000,000. Actual investment advisory fees incurred by clients may vary.
The MAP Global Equity Composite was created on March 31, 2001.

Awards Disclosure

Awards and recognitions by unaffiliated financial publications should not be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if MAP is engaged, or continues to be engaged to provide investment advisory services, nor should they be construed as a current or past endorsement of MAP or its representatives. Rankings are generally based upon information prepared and/or submitted by the recognized adviser. You should not make an investment based solely upon any such award. Past performance is no guarantee of future results. MAP did not pay a fee for inclusion on any award or recognition list.

Top Guns, Manager of The Decade Award Criteria: In 1984, Informa Investment Solutions, Inc. introduced the first commercially available investment manager search and evaluation database—Plan Sponsor Network, or PSN. PSN offers financial professionals high-quality, in-depth data on U.S., non-U.S. and global investment managers. There are over 2,000 investment managers participating in the PSN database, which covers more than 20,000 domestic and international investment products. The PSN universes are created using information collected through the PSN investment manager questionnaire and use only gross of fee returns; they do not reflect management fees or transactions costs. PSN Top Guns investment managers must claim that they are GIPS compliant. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for the latest ten-year period. Moreover, products must have returns greater than the style benchmark for the latest ten-year period and also Standard Deviation less than the style benchmark for the latest ten-year period. At this point, the top ten performers for the latest 10-year period become the PSN Top Guns of the Decade. The complete list of PSN Top Guns and an overview of the methodology is available at http://www.informais.com/resources/psn-top-guns.

The Morningstar Rating™ for separate accounts is a quantitative assessment of past performance—both return and risk—as measured from 1 to 5 stars. The Morningstar Rating, often referred to as the “star rating,” is a familiar tool that helps investors evaluate the risk-adjusted returns of separate account composites. It also helps identify management teams that are adding value over time, compared with others in their Morningstar Category™. As always, the Morningstar Rating is intended only for use as a first step in the investment evaluation process. More detailed information is available at: