ILMA Compoundings March 2017 - 29
have the word "growth" or "value" in
their names. However, there could be
a wide variety of objectives and stock
holdings among funds labeled growth
or value.
Also, keep in mind that you might
find growth, value or both in a broad
range of investments that do not employ growth or value strategies.
DIVERSIFICATION
Holding growth and value stocks
and/or funds is one way to diversify
the stock portion of your portfolio.
Over the past 20 years, the average annual return for value stocks was about
1.5 percentage points higher than
that of growth stocks (8.54 percent
versus 7.02 percent). Yet growth stocks
outperformed value stocks in eight of
those years - in some years by large
margins. This suggests that growth and
value stocks might respond differently
to varying market conditions.2
Diversification is a method used
to help manage investment risk; it
does not guarantee a profit or protect
against investment loss.
The return and principal value of
stocks, mutual funds and ETFs fluctuate with changes in market conditions.
Shares, when sold, might be worth
more or less than their original cost.
Supply and demand for ETF shares
may cause them to trade at a premium
or a discount relative to the value of
the underlying shares.
Mutual funds and ETFs are sold
by prospectus. Please consider the
investment objectives, risks, charges
and expenses carefully before investing. The prospectus, which contains
this and other information about the
investment company, can be obtained
from your financial professional. Be
sure to read the prospectus carefully
before deciding whether to invest.
1 CNBC.com, March 2, 2015
2 Thomson Reuters, 2016, for the period
9/30/1996 to 9/30/2016. Growth stocks are represented by the Russell 3000 Growth Index. Value
stocks are represented by the Russell 3000 Value
Index. The performance of an unmanaged index is
not indicative of the performance of any particular
investment. Individuals cannot invest directly in an
index. Rates of return will vary over time, particularly for long-term investments. Past performance is
not a guarantee of future results.
Carter is executive vice
president-wealth management
for CSG Capital Partners of
Janney Montgomery Scott LLC
and is investment adviser to ILMA. He may be
reached at 202-955-4307 or mcarter@
janney.com. Janney Montgomery Scott LLC is
ILMA's investment firm.
29
http://www.CNBC.com
ILMA Compoundings March 2017
Table of Contents for the Digital Edition of ILMA Compoundings March 2017
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
PROVIDING FOODGRADE LUBRICANTS IN A GLOBAL MARKETPLACE
BIODEGRADABLE LUBRICANTS PRIMER
GROUP I RE-REFINERS DOMINATE ASIA-PACIFIC
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK42
PORTRAIT
ILMA Compoundings March 2017 - Cover1
ILMA Compoundings March 2017 - Cover2
ILMA Compoundings March 2017 - 1
ILMA Compoundings March 2017 - 2
ILMA Compoundings March 2017 - LETTER FROM THE CEO
ILMA Compoundings March 2017 - INSIDE ILMA
ILMA Compoundings March 2017 - 5
ILMA Compoundings March 2017 - WHAT’S COMING UP
ILMA Compoundings March 2017 - 7
ILMA Compoundings March 2017 - INDUSTRY RUNDOWN
ILMA Compoundings March 2017 - 9
ILMA Compoundings March 2017 - 10
ILMA Compoundings March 2017 - 11
ILMA Compoundings March 2017 - 12
ILMA Compoundings March 2017 - 13
ILMA Compoundings March 2017 - PROVIDING FOODGRADE LUBRICANTS IN A GLOBAL MARKETPLACE
ILMA Compoundings March 2017 - 15
ILMA Compoundings March 2017 - 16
ILMA Compoundings March 2017 - 17
ILMA Compoundings March 2017 - 18
ILMA Compoundings March 2017 - 19
ILMA Compoundings March 2017 - BIODEGRADABLE LUBRICANTS PRIMER
ILMA Compoundings March 2017 - 21
ILMA Compoundings March 2017 - 22
ILMA Compoundings March 2017 - 23
ILMA Compoundings March 2017 - GROUP I RE-REFINERS DOMINATE ASIA-PACIFIC
ILMA Compoundings March 2017 - 25
ILMA Compoundings March 2017 - 26
ILMA Compoundings March 2017 - 27
ILMA Compoundings March 2017 - BUSINESS HUB
ILMA Compoundings March 2017 - 29
ILMA Compoundings March 2017 - COUNSEL COMPOUND
ILMA Compoundings March 2017 - 31
ILMA Compoundings March 2017 - WASHINGTON LANDSCAPE
ILMA Compoundings March 2017 - 33
ILMA Compoundings March 2017 - IN NETWORK42
ILMA Compoundings March 2017 - 35
ILMA Compoundings March 2017 - 36
ILMA Compoundings March 2017 - 37
ILMA Compoundings March 2017 - 38
ILMA Compoundings March 2017 - 39
ILMA Compoundings March 2017 - PORTRAIT
ILMA Compoundings March 2017 - Cover3
ILMA Compoundings March 2017 - Cover4
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