Century Management, Founded in 1974
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805 Las Cimas Pkwy, Suite 430, Austin, TX 78746
Investment Counselors
Managing Portfolios $2 Million and Above © 2008
Century
Management   
   CM Value I Composite - 5 Year Performance
                                          12/31/02 - 12/31/07
CM Value I Composite Gross of Fees
CM Value I Composite Net of Fees
11.41%
10.29%
 
Dow Jones 30 ADJ**
S&P 500 ADJ**
NASDAQ**
RUSSELL 2000 ADJ**
RUSSELL 3000 ADJ**
  12.29%
12.82%
14.71%
 16.25%
13.63%
  
CM Value I Composite
(Stocks, Bonds, Cash)
1 Year
3 Years
5 Years
10 Years
33.25 Years

**Source of index returns: FT Interactive Data Corp.

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IMPORTANT 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.