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PERFORMANCE AS OF 3/31/17

ROLLING 3, 5, 10, 15 AND 20 YEAR PERIODS

AVERAGE RETURNS Rolling 3 Year Rolling 5 Year Rolling 10 Year Rolling 15 Year Rolling 20 Year
Stralem LCES (Gross)*          
LCES 12.88% 12.43% 10.62% 10.53% 12.07%
S&P 500 9.95% 9.14% 6.54% 6.48% 8.61%
Excess Return 2.93% 3.28% 4.08% 4.05% 3.46%


*Stralem outperformed the S&P 500 index in 181/268 rolling 3 year periods, 184/244 rolling 5 year periods, 184/184 rolling 10 year periods, 124/124 rolling 15 year periods and 64/64 rolling 20 year period.


Stralem LCES (Net)**          
LCES 11.77% 11.30% 9.45% 9.36% 10.94%
S&P 500 9.95% 9.14% 6.54% 6.48% 8.61%
Excess Return 1.82% 2.16% 2.91% 2.88% 2.33%

**Stralem outperformed the S&P 500 index in 167/268 rolling 3 year periods, 174/244 rolling 5 year periods,
164/184 rolling 10 year periods, 120/124 rolling 15 year periods and 64/64 rolling 20 year period.


ANNUALIZED RETURNS AS OF 3/31/17

Annualized Perf


Performance is stated gross of fees.
Source: Interactive Data Corp. All Rights Reserved. Standard & Poor’s Web site.


PERFORMANCE
AS OF 3/31/17

Annualized Returns (%)

QTR

1 YR

2 YRS

3 YRS

5 YRS

10 YRS

15 YRS

20 YRS
Stralem LCES (gross) 7.00% 13.77% 9.66% 8.54% 11.01% 8.05% 8.03% 10.88%
Stralem LCES (net) 6.83% 13.05% 8.94% 7.82% 10.27% 7.31% 7.07% 9.81%
S&P 500 6.07% 17.17% 9.21% 10.37% 13.30% 7.51% 7.09% 7.86%

CALENDAR YEAR PERFORMANCE AS OF 3/31/17

 
Calendar Year Total Returns (%)
 

YTD

2016 2015

2014

2013

2012

2011

2010

2009

2008

2007

Stralem LCES (gross)

7.00% 9.14% 2.91% 8.01% 29.65% 8.69% 8.83% 10.82%

21.49%

-27.41%

13.59%

Stralem LCES (net)

6.83% 8.46% 2.19% 7.27% 28.76% 7.95% 8.06% 10.06%

20.65%

-27.93%

12.74%

S&P 500 6.07% 11.96% 1.38% 13.69% 32.39% 16.00% 2.11% 15.06%

26.46%

-37.00%

5.49%

CUMULATIVE PERFORMANCE AS OF 3/31/17

 
Cumulative Returns (%)

 

1 YR

3 YRS

5 YRS

10 YRS

15 YRS

20 YRS
Stralem LCES (gross) 13.77% 27.88% 68.59% 116.96% 218.38% 689.05%
Stralem LCES (net) 13.05% 25.35% 63.01% 102.46% 178.53% 550.09%
S&P 500 17.17% 34.45% 86.71% 106.27% 179.54% 353.81%


NOTES TO PERFORMANCE

Stralem & Company (“Stralem”) is an independent, SEC registered investment adviser established in 1966.  The Large Cap Equity Strategy ™ Composite (LCES) consists of fully discretionary large capitalization equity accounts. The investment objective of the LCES is to deliver above market returns with less risk during both up and down markets. The investment philosophy of the Large Cap Equity Strategy is predicated on the belief that there are four types of market environments, two types of bull markets and two types of bear markets each characterized by momentum and valuation factors. Market environments affect portfolio structure so it is critical to identify and prepare for changing market environments. The Large Cap Equity Strategy adds value by purchasing a set of fundamentally solid growth companies along with a set of companies that deliver strong cash flow and adjusting the balance between these two groups depending on where we are in the market cycle. Stralem defines the LCES as a conservative growth strategy that also focuses on preserving capital during down markets.

For comparison purposes, the composite is measured against the S&P 500 index. The S&P 500 index is widely recognized as a leading indicator of the U.S. equity markets. Prior to 7/1/2014, the Russell 1000 growth index was presented in addition to the S&P 500 as an additional benchmark for the LCES composite.

Stralem claims compliance with the Global Investment Performance Standards (GIPS®). The firm maintains a complete list and description of composites, which is available upon request. To obtain a presentation that complies with the requirements of the GIPS standards and/or a list and description of all firm composites, contact Stralem at 212-888-8123.

A full disclosure presentation is available through the following link:

Ashland Partners Independent Verifier's Report: Stralem GIPS RPT - Perf Exam Gross & Net 1Q17 - Click here

Results are based on fully discretionary accounts under management, including those accounts no longer with the firm.  Past performance is not indicative of future results.  Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.

The U.S. Dollar is the currency used to express performance. Returns are presented both gross and net of management fees and include the reinvestment of all income. There are portfolios included in the composite which have directed brokerage arrangements and are not charged trading commissions by their broker. These portfolios represent approximately 4% of composite assets. Performance for these accounts do not include transaction costs, and it has been determined that there is no material impact on composite performance.  Returns are presented gross of custodial fees and withholding taxes but net of all trading expenses. Gross returns will be reduced by investment advisory fees and other expenses that may be incurred in the management of the account.  Actual investment advisory fees incurred by clients may vary.  Net of fee performance is calculated using a weighted-average fee based on actual fees. From 2008 to 2015, net performance is calculated using a model fee of 0.70%. From 2006 to 2008, net performance is calculated using a weighted-average fee based on actual fees. Prior to 2006, net performance is calculated using the highest client's management fee in the composite. From 2000 - 2005 the highest fee was 1.50%. Prior to 2000 the highest fee was 1.00%. A fee schedule is an integral part of a complete presentation and is described in Part 2 of the firm’s ADV, which is available upon request.

 
           
 
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