In our Naylor & Company Core Composite, we have used a consistent investment philosophy to generate long-term returns in excess of the S&P 500 TR. Our mission is to continue to use this same philosophy to produce market-beating returns in the future.
Naylor & Company claims compliance with the Global Investment Performance Standards (“GIPS®”) and has been independently verified for the periods April 10, 2003 to December 31, 2017, by ACA Performance Services, LLC.
Contact us for detailed performance information.
Naylor & Company Core Composite
Annual Disclosure Presentation
*Composite and benchmark performance are for the period April 10, 2003 to December 31, 2003
N.A.¹ – Information is not statistically meaningful due to the period not covering a full year.
N.A.² – The 3-year annualized standard deviation measures the variability of the composite and the benchmark over the preceding 36-month period. The 3-year standard deviation is not presented for non-required periods 2003 to 2010.
Annualized Returns (Net of Fees)¹
Annualized Returns (Gross of Fees)¹
¹As of December 31, 2021; YTD = year to date; YTD and 10 Year returns are supplemental to a GIPS-compliant presentation.
²YTD is for the period January 1, 2022 to February 9, 2022.
Disclosures for Naylor & Company's Core Composite Annual Disclosure Presentation are on the following page.
Naylor & Company Core Composite℠ includes all fee-paying and non-fee-paying portfolios managed to a strategy of finding growth at a good price. Naylor & Company Investments, LLC (“Naylor & Company”) uses a quality, focused portfolio of stocks seeking to generate returns above those of the overall U.S. stock market over a market cycle. Naylor & Company analyzes the fundamentals of companies (ranging in size from micro-cap to large cap) to find investments with excellent long-term earnings growth prospects, but with stock prices that, in our opinion, are good relative to their expected earnings growth rates. Naylor & Company also invests in selected turnaround and cyclical companies. In April 2013, Naylor & Company began investing in certain warrants. Investments in warrants have not, and will not, exceed 10% of portfolio values. Portfolios within the composite are concentrated, holding approximately 30-50 securities, so returns may have a lower correlation with the overall stock market, and may exhibit higher volatility than the overall stock market. The benchmark presented is the S&P 500 Total Return (TR) Index, which is shown as a market indicator, for comparative purposes only. The minimum account size for this composite is $20,000. The Composite was created December 2013.
In presentations shown prior to 12/31/2018, the Russell 3000® Index was shown. The benchmark was changed retroactively due to benchmark provider restrictions and has been replaced with a readily known comparison.
Naylor & Company claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Naylor & Company has been independently verified for the periods April 10, 2003 to December 31, 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 Core Composite has been examined for the periods April 10, 2003 to December 31, 2017. The verification and performance examination reports are available upon request.
Naylor & Company is a state-registered, independent registered investment advisor (“RIA”). 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 net of foreign withholding taxes on dividends, interest income, and capital gains. 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. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. The investment management fee for the composite is 2.00%. Actual investment advisory fees incurred by clients may vary, and are negotiable.
Performance information for Naylor & Company's Core Composite Annual Presentation is on the preceding page.
Pensions & Investments Ranking Criteria
The Naylor & Company Core Composite SM was ranked Number 1 in the 1-Year and 5-Year (up to 6/30/2014) Pensions & Investments category of Domestic Equity Blend. There were 602 composites in the 1-Year Domestic Equity Blend peer group and 553 composites in the 5-Year group. The criteria used to determine these peer groups are as follows: 1) the composite must be a U.S. composite, 2) the firm must be GIPS compliant, 3) the composite must not be retail only, 4) the composite must have a compete return history for the time period up to the most recent quarter and 5) the composite must be in one of the following categories: Large-Cap Blend, Mid-Cap Blend or Small-Cap Blend.
Firm Brochure/Form ADV Part II
Naylor & Company’s Firm Brochure (Form ADV Part II) contains additional disclosures. For a copy of the brochure, click here.
GIPS® is a registered trademark of CFA Institute. CFA Institute has not been involved in the preparation or review of this report/advertisement.