Dividend
Growth

Holding, portfolio characteristics, performance, and risk data pertain to the Dividend Growth Composite. Congress Asset Management claims compliance with the Global Investment Performance Standards (GIPS®). This information is supplemental to the GIPS report.

The materials are being provided for illustrative and informational use only. Performance returns of less than one year are not annualized. Prior performance results are based on accounts that do not participate in a wrap delivery program with investment and operational differences such as account size and/or level of customization. There may be other reasons why the performance results differ from those of an individual account managed in the same or a substantially similar investment strategy. For example, individual accounts may differ from the strategy when applying client-requested restrictions.

There is no guarantee that the wrap portfolio will continue to hold any particular security and securities are held in varying percentages. Holdings are subject to change since the portfolio is actively managed. Holdings are intended to illustrate the composition and characteristics. Across client portfolios, there may be variations in holdings, characteristics and performance information as dictated by reasons such as diversification needs, specific client guidelines, account size, cash flows, the timing and terms of execution of trades, and differing tax situations.

This strategy involves risk, may not be profitable, may not achieve its objective, and may not be suitable or appropriate for all investors. Investors should consider the investment objectives, risks, and fees of this strategy carefully with their financial professional before investing. Principal loss is possible. Past strategy returns are dependent on the market and economic conditions that existed during the period. Future market or economic conditions can adversely affect the returns.

Index Information

S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. You cannot invest directly in an index.

Definitions

P/E Ratio is the ratio of a company’s share price to the company’s earnings per share.

Market Capitalization measures the number of outstanding common shares of a given corporation multiplied by the latest price per share.

Yield is determined by dividing a stock’s annual dividends per share by the current market price per share.

Dividend yield is a financial ratio that shows how much a company pays out in dividends.

Standard Deviation is a measure of the dispersion of a set of data from its mean. It is used by investors as a gauge for the amount of expected volatility.

Sharpe Ratio is a risk-adjusted measure, calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe Ratio, the better the portfolio’s historical adjusted performance.

Alpha is a measure of the difference between actual returns and expected performance, given the level of risk as measured by Beta, where Beta measures sensitivity to benchmark movements.

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the entire market or a benchmark.

Upside Capture Ratio measures the manager’s overall performance to the benchmark’s overall performance, considering only months that are positive in the benchmark. An Upside Capture Ratio of more than 100% indicates a manager who outperforms the relative benchmark in the benchmark’s positive months.

Downside Capture Ratio is the ratio of the manager’s overall performance to the benchmark’s overall performance, considering only months that are negative in the benchmark. A Downside Capture Ratio of less than 100% indicates a manager who outperforms the relative benchmark in the benchmark’s negative months and protects more of a portfolio’s value during down markets.