Performance

Below you will find a table and chart of the annualized returns for Banyan’s composite equity portfolio through March 31, 2017.

Banyan Capital 2017q1 Performance

Composite Equity Performance Summary – Annualized Returns

Last 12 Months
3 Year
5 Year
10 Year
20 Year
Since Inception
(Dec. 31, 1990)
Banyan
Gross of Fees
17.4%
9.3%
12.2%
6.6%
8.7%
11.5%
Net of Fees
16.4%
8.3%
11.2%
5.6%
7.7%
10.4%
S&P 500
17.2%
10.4%
13.3%
7.5%
7.9%
10.0%

 

Composite Equity Performance – Annual Returns

Below is a table listing the annual returns for our composite equity portfolio. Please be sure to read the required SEC disclosures beneath the chart.

Year
Banyan
Gross of Fees
Banyan (1)
Net of Fees
S&P 500
Composite Assets (2)
Total Assets
Number of Accounts (3)
1991
28.4%
27.2%
30.5%
4,807,000
6,147,000
35
1992
13.4%
12.1%
7.6%
5,521,000
7,734,000
33
1993
14.2%
12.9%
10.1%
6,300,000
8,409,000
30
1994
7.0%
5.8%
1.3%
6,704,000
10,557,000
33
1995
37.3%
36.0%
37.6%
11,390,000
16,273,000
34
1996
24.6%
23.6%
23.0%
13,167,000
20,481,000
32
1997
39.5%
38.5%
33.4%
19,972,000
29,455,000
35
1998
18.2%
17.2%
28.6%
25,628,000
34,945,000
42
1999
-5.2%
-6.2%
21.0%
20,066,000
26,532,000
35
2000
29.5%
28.5%
-9.1%
22,638,000
29,448,000
33
2001
-7.8%
-8.8%
-11.9%
23,278,000
31,491,000
42
2002
-14.0%
-15.0%
-22.1%
20,137,000
28,655,000
40
2003
29.2%
28.2%
28.7%
25,448,000
36,696,000
46
2004
17.8%
16.8%
10.9%
30,990,000
44,189,000
47
2005
-2.2%
-3.2%
4.9%
32,279,000
46,455,000
52
2006
26.3%
25.3%
15.8%
40,869,000
56,109,000
50
2007
2.6%
1.6%
5.5%
45,220,000
61,326,000
55
2008
-36.8%
-37.8%
-37.0%
28,447,000
40,633,000
56
2009
22.7%
21.7%
26.4%
31,044,000
47,503,000
54
2010
16.3%
15.3%
15.1%
34,259,000
54,073,000
48
2011
-1.8%
-2.8%
2.1%
34,624,000
54,335,000
54
2012
15.6%
14.6%
16.0%
42,677,000
63,128,000
63
2013
33.7%
32.7%
32.4%
48,582,000
69,020,000
75
2014
13.1%
12.1%
13.7%
57,275,000
77,184,000
84
2015
0.0%
-1.0%
1.4%
61,442,000
77,214,000
92
2016
10.8%
9.8%
12.0%
74,975,000
86,880,000
104
2017 through March
6.9%
6.7%
6.1%
83,036,000
94,961,000
116

The following practices are used to calculate total returns: a) accrual accounting is used for recognizing portfolio income through 6/30/99, thereafter a cash basis is used; b) cash and cash equivalents are included as part of equity assets; c) composite returns are size and time weighted using trade-date accounting, with portfolios being valued monthly; d) leverage is not commonly used as a strategy in managing client portfolios; e) investment results include the reinvestment of dividends and other earnings; f) for a complete discussion of the investment strategy used to obtain these results, please contact Banyan Capital Management; and g) “S&P 500” is the return for Standard & Poors 500 index with dividends reinvested. The companies represented in this index are most of the largest companies in the US. Banyan invests mostly in larger companies. During the entire period depicted, portfolios contained equity securities managed for total return.

(1) For years 1996 through the present, “Net of Fees” calculations were made using our current fee schedule. For years 1991-95, “Net of Fees” calculations reflect a higher fee schedule no longer used. Our investment advisory fees are described in Part 2A of our form ADV, a copy of which is available at your request.

(2) Composite equity assets used in these performance figures include 100% of equities held in client accounts where Banyan has full discretion and complete records are available. Non-fee-paying portfolios are included in this composite.

(3) Several clients have multiple accounts. Fifty-six client relationships are represented in this equity composite at 03/31/17. At that date there were sixty-two client relationships in total.

These results reflect past performance and should not be considered an indication of future results.