Chevy Chase Trust’s Multi-Cap Equity Performance is shown after
investment management fees. These fees are described in Part II
of Chevy Chase Trust’s Form ADV. The information presented above is past performance,
which is not indicative of future results.
The Multi-Cap Equity Composite includes accounts designated to be managed in Chevy Chase Trust’s Multi-Cap style. The inception date for the composite is May 1, 2001, and since inception performance above reflects all calendar quarters since that date. Taxable accounts that have significant positions in low-basis securities, and accounts that have significant client-imposed investment restrictions, are excluded from the composite. As of December 31, 2009 the Multi-Cap Equity Composite included 446 accounts with an aggregate market value of $515,304,951. This represents 53.1% of the assets under the Multi-Cap management style and 19.9% of Chevy Chase Trust’s total managed assets. Each account is individually managed with respect to investment objectives and tax considerations.
The S&P 500 Index is a capitalization-weighted index of 500 stocks intended to be a representative sample of large-cap companies in leading industries within the U.S. economy. The Wilshire 5000 Index is a capitalization-weighted index that measures the performance of all U.S.-headquartered equity securities with readily available price data, and is intended to measure the entire U.S. stock market. The MSCI World Index is Morgan Stanley Capital International’s market capitalization weighted index composed of companies representative of 23 developed market countries in North America, Europe, and the Asia/Pacific Region. One cannot invest in the above-referenced indexes.
Based on individual income needs and risk tolerance, Chevy Chase Trust client portfolios are typically allocated between equity and fixed income asset classes. The above chart represents equity performance only. Each portfolio’s asset allocation is customized based on a client’s unique situation.
The Multi-Cap Equity Composite includes accounts designated to be managed in Chevy Chase Trust’s Multi-Cap style. The inception date for the composite is May 1, 2001, and since inception performance above reflects all calendar quarters since that date. Taxable accounts that have significant positions in low-basis securities, and accounts that have significant client-imposed investment restrictions, are excluded from the composite. As of December 31, 2009 the Multi-Cap Equity Composite included 446 accounts with an aggregate market value of $515,304,951. This represents 53.1% of the assets under the Multi-Cap management style and 19.9% of Chevy Chase Trust’s total managed assets. Each account is individually managed with respect to investment objectives and tax considerations.
The S&P 500 Index is a capitalization-weighted index of 500 stocks intended to be a representative sample of large-cap companies in leading industries within the U.S. economy. The Wilshire 5000 Index is a capitalization-weighted index that measures the performance of all U.S.-headquartered equity securities with readily available price data, and is intended to measure the entire U.S. stock market. The MSCI World Index is Morgan Stanley Capital International’s market capitalization weighted index composed of companies representative of 23 developed market countries in North America, Europe, and the Asia/Pacific Region. One cannot invest in the above-referenced indexes.
Based on individual income needs and risk tolerance, Chevy Chase Trust client portfolios are typically allocated between equity and fixed income asset classes. The above chart represents equity performance only. Each portfolio’s asset allocation is customized based on a client’s unique situation.