Year	CM Equities Only Gross of Fees	CM Equities Only Net of Fees	S&P 500 ADJ Index**
09-16-74 to 12/31/1974	5.64%	5.16%	5.15%
1975	8.34%	5.49%	37.30%
1976	48.54%	46.07%	23.96%
1977	24.02%	22.05%	-7.43%
1978	20.38%	17.98%	6.47%
1979	29.67%	27.61%	18.47%
1980	28.88%	26.95%	32.40%
1981	18.27%	16.70%	-5.01%
1982	26.66%	25.07%	21.57%
1983	41.98%	40.10%	22.59%
1984	7.63%	6.07%	6.39%
1985	32.91%	31.12%	31.95%
1986	40.08%	38.27%	19.08%
1987	7.81%	6.48%	5.22%
1988	33.33%	31.78%	16.57%
1989	14.66%	13.30%	31.65%
1990	-19.40	-20.32%	-3.14%
1991	25.35%	23.96%	30.45%
1992	13.05%	11.67%	7.62%
1993	21.25%	19.75%	10.09%
1994	4.63%	3.55%	1.27%
1995	18.73%	17.49%	37.53%
1996	31.10%	29.71%	22.99%
1997	22.10%	20.76%	33.34%
1998	1.47%	0.34%	28.57%
1999	37.54%	36.19%	21.03%
2000	54.21%	52.70%	-9.15%
2001	14.44%	13.34%	-11.91%
2002	-5.57%	-6.43%	-22.14%
2003	43.00%	41.64%	28.62%
2004	29.36%	28.17%	10.92%
2005	22.47%	21.32%	4.88%
31 Years - Annualized From Inception	21.39%	19.85%	13.46%

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

Return to Main Performance Page

Use of this website means you agree to our Terms & Conditions

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, 2006. THE 2007 PORTION OF THE RETURNS ABOVE HAVE NOT YET BEEN VERIFIED BY ASHLAND PARTNERS & COMPANY LLP. THE PURPOSE OF SHOWING THE VERIFIED AND THE UNVERIFIED RETURNS IS TO PROVIDE YOU WITH THE MOST UPDATED PERFORMANCE DATA WE HAVE AVAILABLE. FOR THE COMPLETE VERIFIED PERFORMANCE AND STANDARD DEVIATION REPORTS FROM INCEPTION THROUGH THE PERIOD ENDING DECEMBER 31, 2006, PLEASE SEE OUR ASHLAND PARTNERS & COMPANY LLP GIPS® PERFROMANCE VERIFICATION. ALL PERFORMANCE COMPOSITES ARE AVAILABLE UPON REQUEST. OUR ADV FORM IS ALSO AVAILABLE UPON REQUEST. GIPS® HAS NOT BEEN INVOLVED WITH THE PREPARATION OR REVIEW OF ASHLAND PARTNERS & COMPANY LLP VERIFICATION REPORT.

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