Chevy Chase Trust’s
Multi-Cap Equity Performance is shown net 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. 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, 2011, the Multi-Cap Composite included 639 accounts with an aggregate market value of $370,646,114. This represents 58% of the assets under the Multi-Cap Management Style. Starting on January 1, 2011, composite membership rules were enhanced to more accurately reflect execution of the investment strategy by excluding equity portfolios under $200,000 or portfolios containing large legacy positions in sectors, pooled vehicles or individual securities.
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.
The Multi-Cap Equity Composite includes accounts designated to be managed in Chevy Chase Trust’s Multi-Cap style. 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, 2011, the Multi-Cap Composite included 639 accounts with an aggregate market value of $370,646,114. This represents 58% of the assets under the Multi-Cap Management Style. Starting on January 1, 2011, composite membership rules were enhanced to more accurately reflect execution of the investment strategy by excluding equity portfolios under $200,000 or portfolios containing large legacy positions in sectors, pooled vehicles or individual securities.
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.