Best & Worst Consecutive Years
 for CM Value I Composite
(Net of Fees)
Consecutive Years
Best
Years
Worst
Years
3 Years
5 Years
7 Years
10 Years
15 Years
20 Years
33 Years
27.81%
25.32%
22.87%
21.67%
18.43%
15.78%
14.88%
3.49%
4.72%
7.18%
9.18%
11.53%
11.95%
14.88%
 
The purpose of the best and worst years exercise is to show the random variability of single year returns and the benefits of long-term investing. The numbers shown above include those from 1974 through 2006 for Century Management's CM Value I Composite. This composite includes stocks, bonds and cash. Returns shown above are net of fees. Past performance is no guarantee of future results.

IIMPORTANT PERFORMANCE DISCLOSURES
PLEASE READ

THE ROLLING YEAR RETURNS WERE PREPARED BY CENTURY MANAGEMENT AND PRESENTED TO AND VERIFIED BY ASHLAND PARTNERS & COMPANY LLP. ASHLAND PARTNERS & COMPANY LLP HAS VERIFIED THE COMPLIANCE OF CENTURY MANAGEMENT WITH THE REQUIREMENTS OF THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS®) ON A FIRMWIDE BASIS FROM SEPTEMBER 16, 1974 THROUGH DECEMBER 31, 2007.

PAST PERFORMANCE OF MARKETS, COMPOSITES, OR ANY INDIVIDUAL SECURITIES MAY NOT BE INDICATIVE OF FUTURE RESULTS.