CCM Investment Advisers, LLC has prepared and presented this report in compliance with the Performance Presentation Standards of the CFA Institute (CFAI-PPS), the U.S. and Canadian version of the Global Investment Performance Standards (GIPS). CFA Institute has not been involved in the preparation or review of this report.
CCM Investment Advisers, LLC (CCM) is an independent investment advisory firm established in 1986. CCM manages a variety of equity, fixed income and balanced accounts for institutional and individual investors.
All accounts over which CCM has full investment discretion are included in the performance composite relevant to its strategy. Portfolios constrained by Investment Policies that differ materially from the investment strategy of CCM Investment Advisers are not included in a composite. Accounts less than $100,000 are not included in a composite with the exception of CCM Tech Select, where there is no minimum. A complete list and description of all of the firm’s composites is available upon request.
Trade date valuation is utilized.
Valuations and returns are computed and expressed in US dollars.
CCM does not employ leverage or derivatives as part of its management practice.
Results are presented both net of all fees as well as gross of CCM management fees.
Results assume reinvestment of dividends and interest, unless withdrawn from the portfolio by the client.
No adjustments are made for taxation.
No non-fee paying portfolios are included in the composites.
The CCM Equity Composite and Fixed Income Composite contain portfolios that are subsets of Balanced Portfolios. Cash is allocated to the Equity and Fixed Income portfolios based on the percentage weighting of equities or fixed income in the balanced portfolios.
Results for the period 1987 though 6/30/2001 are that of Companion Capital Management, which was sold on 6/30/01 and the name changed to CCM Investment Advisers, LLC effective 12/31/01.
Results for the period 1987-1992 are not compliant with CFA Institute standards because the results were equal weighted for the period 1987-1989, are presented gross of fees, and the composites included both wrap and commission accounts.
The S&P 500 Stock Index, the Lehman Brothers Government Corporate Bond Index, various blends of the two, and the NASDAQ composite are shown as relevant benchmarks for the performance of CCM products. In each case, the benchmark chosen represents the most appropriate index for comparison purposes.
Past performance is no guarantee of future results and the possibility of loss exists.
CCM Investment Advisers’ standard fee schedule for Balanced and Equity accounts is .75% of the first $7.5MM in assets, .65% for the next $7.5MM assets, .50% for the next $15MM assets, and .15% for assets over $30MM. For Fixed Income accounts, .50% of the first $10MM in assets, .35% for the next $10MM assets, and .25% for assets over $20MM.
A copy of CCM’s SEC Form ADV Part 1 and 2 is available upon request.