imageFinancial PlanningimageInvestment ManagmentAnalysis & ResultsAbout UsNews & Events
home
imageimage
Monthly Market Analysis
The Opening Bell
Latest Results

To help you compare the recent performance of Bell Investment Advisors relative to various indices and traditional asset allocation, we update the performance results that follow every quarter.

Account Performance
(January 1999 - December 2009)
Returns
  1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total Annual
Bell Average Account (1) 37.2% -5.7% 2.7% -10.2% 24.4% 15.2% 12.2% 19.3% 14.3% -34.1% 19.4% 105.8% 6.8% 
Bell Median Account (1) 35.6% -4.4% 2.9% -10.2% 23.8% 14.8% 11.8% 19.2% 14.2% -34.1% 19.6% 104.0% 6.7%
Dow Jones Industrial Average (2) 27.2% -4.9% -5.4% -15.0% 28.3% 5.3% 1.7% 19.1% 8.9% -31.9% 22.7% 44.7% 3.4%
S&P 500 Index (2) 21.0% -9.1% -11.9% -22.1% 28.7% 10.9% 4.9% 15.8% 5.5% -37.0% 26.5% 10.0% 0.9%
Nasdaq Composite (2) 85.6% -39.3% -21.1% -31.5% 50.0% 8.6% 1.4% 9.5% 9.8% -40.5% 43.9% 3.5% 0.3%
Russell 2000 Small Cap Index (2) 21.3% -3.0% 2.5% -20.5% 47.3% 18.3% 4.6% 18.4% -1.6% -33.8% 27.2% 71.3% 5.0%
MSCI EAFE Index (2) 27.3% -14.0% -21.2% -15.7% 39.2% 20.7% 14.0% 26.9% 11.6% -43.1% 32.5% 48.9% 3.7%

 

Account Performance vs. Asset Allocation
(January 1999 - December 2009)
Returns
  1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total Annual
Bell Average Account (1) 37.2% -5.7% 2.7% -10.2% 24.4% 15.2% 12.2% 19.3% 14.3% -34.1% 19.4% 105.8% 6.8%
Bell Median Account (1) 35.6% -4.4% 2.9% -10.2% 23.8% 14.8% 11.8% 19.2% 14.2% -34.1% 19.6% 104.0% 6.7%
Moderate Asset Allocation Portfolio (2) 13.5% -1.2% -4.0% -8.5% 22.1% 10.3% 5.3% 13.2% 6.2% -20.9% 18.9% 57.9% 4.2%
Large
Company
Equity 35% (3)		 21.0% -9.1% -11.9% -22.1% 28.7% 10.9% 4.9% 15.8% 5.5% -37.0% 26.5% 10.0% 0.9%
Small
Company
Equity 10% (3)		 21.3% -3.0% 2.5% -20.5% 47.3% 18.3% 4.6% 18.4% -1.6% -33.8% 27.2% 71.3% 5.0%
International
Equity 15% (3)		 27.3% -14.0% -21.2% -15.7% 39.2% 20.7% 14.0% 26.9% 11.6% -43.1% 32.5% 48.9% 3.7%
Fixed Income
35% (3)		 -0.8% 11.6% 8.4% 10.3% 4.1% 4.3% 2.4% 4.3% 7.0% 5.2% 5.9% 83.2% 5.7%
Cash
Equivalents
5% (2)		 4.6% 5.8% 3.4% 1.6% 1.0% 1.4% 3.2% 4.7% 4.4% 1.3% 0.2% 36.3% 2.9%

Notes
(1) These returns include the effects of Bell’s 1.5% management fee, mutual fund expenses, Schwab transaction fees, short-term redemption fees, and cash holdings.

(2) These returns include the effects of cash holdings but do not include the effects of the other costs and expenses listed in Note 1.

(3) These returns do not include any of the effects in Note 1 or 2.

Important Disclosures
Past performance is no guarantee of future results. Future returns may differ significantly due to materially different economic and market conditions. Returns assume the reinvestment of dividends and capital gain distributions. These investments involve risk and the possibility of loss–including principal.

Bell Average & Median Account Set-up & Methodology—For the purposes of this calculation, the term “average” is defined as a simple average–not a weighted average. Only fee-paying clients who fully employ our Active Portfolio Enhancement strategy are included in the average and median return calculation. Client accounts that hold individual securities or funds not recommended by Bell; employ fixed income, hedging, cash reserve, market timing, socially responsible, or any other strategy not representative of Active Portfolio Enhancement; or maintain cash allocations greater than ten percent of the portfolio are not included in the calculation. We believe that removing these accounts improves the stated results as Active Portfolio Enhancement has traditionally been our most successful strategy. Additionally, only client accounts that were managed for the full period (i.e. year or year-to-date period) are included in the calculation. Accounts opened mid-year are not included in that specific year's reported results. We do not believe this policy has any material effect on the stated results.

Moderate Asset Allocation Portfolio Set-up & Methodology—The allocation of this portfolio is based on the Moderate Plan according the Charles Schwab Center for Investment Research. With a moderate risk level, a long-term time horizon, and the goal of stability and growth, we feel that the Moderate Plan, relative to the five other Schwab plans, best matches the risk and objectives of our average and median clients, who have over 80% of their mutual fund investments in our two most conservative risk classes. The portfolio is a weighted average of the performance of the indices used to represent each asset class and is rebalanced annually. The portfolio is a model and does not represent actual trading. Model account performance fails to recognize the impact of that material economic and market factors might have were the decisions being made by actual clients.

Index Information—The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large-cap stocks. More information can be found at www.dowjones.com. The S&P 500 Index is an unmanaged, market-cap weighted index of large-cap stocks commonly used to represent the U.S. stock market. More information can be found at www.standardandpoors.com. The Nasdaq Composite is an unmanaged, market-cap weighted index of all-cap stocks listed on the Nasdaq Stock Market. More information can be found at www.nasdaq.com. The Russell 2000 Index is an unmanaged, market-cap weighted index of small-cap stocks. More information can be found at www.russell.com. The MSCI EAFE Index is an unmanaged, unhedged, market-cap weighted index of foreign stocks commonly used to represent developed stock markets outside of the United States. More information can be found at www.mscibarra.com. None of these indices can be invested in directly. The composition and volatility of Bell's client accounts vary and may significantly deviate from these indices over time.

Large Company Equity is represented by the S&P 500 Index (www.standardandpoors.com). Small Company Equity is represented by the Russell 2000 Index (www.russell.com). International Equity is represented by the MSCI EAFE Index (www.msci.com), which is an unmanaged, unhedged, market-cap weighted index of foreign stocks commonly used to represent stock markets outside of the United States. Fixed Income is represented by the Lehman Brothers Aggregate Bond Index, which is an unmanaged, market-cap weighted index of government and corporate bonds, mortgage-backed securities, and other asset-backed securities commonly used to represent the U.S. bond market (www.lehman.com). Cash Equivalents are represented by 3 month Treasury bills, which are commonly used to represent a risk-free investment. The composition and volatility of these indices may significantly deviate from Bell-managed accounts over time.

©2009 Bell Investment Advisors, Inc.
Terms and Conditions  |  Privacy Policy