Muhlenkamp Fund Performance

Quarterly Fund Fact Sheet

Performance data quoted, before and after taxes, represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.

Click HERE to view the Quarterly Fund Fact Sheet.

Click HERE to view Annual Returns Since Inception.


Muhlenkamp Fund  
Average Annual Return
(as of 10/31/14)
  Year to
Date
Past
Year
Past 3 Years
Past 5 Years
Past 10 Years
Past 15 Years
Since Inception
(11/01/88)
Return Before Taxes
1.31% 7.23% 14.71% 10.40% 3.51% 6.57% 9.98%
Return After Taxes on
Distributions*
1.31% 6.45% 13.88% 9.92% 2.98% 6.10% 9.54%
Return After Taxes on Distributions
and Sale of Fund Shares*
0.74% 4.72% 11.67% 8.34% 2.91% 5.52% 8.85%
 
S&P 500**
10.99% 17.27% 19.77% 16.69% 8.20% 4.61% 10.30%
Consumer Price Index*** 2.14% 1.66% 1.61% 1.96% 2.28% 2.35% 2.67%

 

Muhlenkamp Fund  
Average Annual Return
(as of 9/30/14)
  Year to
Date
Past
Year
Past 3 Years
Past 5 Years
Past 10 Years
Past 15 Years
Since Inception
(11/01/88)
Return Before Taxes
0.81% 10.01% 18.13% 9.33% 3.57% 6.81% 10.00%
Return After Taxes on
Distributions*
0.81% 9.20% 17.28% 8.85% 3.03% 6.35% 9.55%
Return After Taxes on Distributions
and Sale of Fund Shares*
0.46% 6.31% 14.45% 7.46% 2.96% 5.74% 8.86%
 
S&P 500**
8.34% 19.73% 22.99% 15.70% 8.11% 4.87% 10.24%
Consumer Price Index*** 2.06% 1.70% 1.64% 1.96% 2.30% 2.38% 2.68%

Expense Ratio: 1.20%****

Annual Returns Since Inception
One-Year Period Ending 12/31/####
Total Return Muhlenkamp Fund
Total Return S&P 500 Index**
Portfolio Turnover Rate
Net Asset Value
Total Assets (In Millions)
1988
N/A
16.61%
N/A
$10.04
<$1
1989
12.50%
31.69%
34.46%
$11.04
$1
1990
-14.80%
-3.10%
47.47%
$9.21
$1
1991
45.40%
30.47%
52.50%
$13.25
$2
1992
15.80%
7.62%
20.10%
$15.20
$5
1993
18.10%
10.08%
14.10%
$17.86
$12
1994
-7.20%
1.32%
25.60%
$16.23
$17
1995
32.90%
37.58%
22.70%
$21.26
$24
1996
29.96%
22.96%
16.90%
$27.52
$42
1997
33.28%
33.36%
13.89%
$36.55
$125
1998
3.22%
28.58%
27.03%
$37.65
$195
1999
11.40%
21.04%
14.52%
$41.11
$179
2000
25.30%
-9.10%
32.04%
$48.98
$267
2001
9.33%
-11.89%
10.52%
$53.55
$540
2002
-19.92%
-22.10%
11.17%
$42.89
$600
2003
48.07%
28.69%
9.15%
$63.51
$1,157
2004
24.51%
10.88%
7.00%
$78.97
$1,992
2005
7.88%
4.91%
6.05%
$84.44
$3,084
2006
4.08%
15.80%
11.58%
$87.15
$2,880
2007
-9.66%
5.49%
22.3%
$65
$1491
2008
-40.39%
-37.00%
39.88%
$38.60
$608
2009
31.49%
26.46%
64.78%
$50.69
$716
2010
6.14%
15.06%
75.49%
$53.80
$641
2011
-4.74%
2.11%
42.51%
$51.19
$487
2012
12.52%
16.00%
38.09%
$52.22
$427
2013
34.43%
32.39%
26.21%
$68.03
$489

Performance data quoted, before and after taxes, represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data shown is current to the most recent quarter end.

 * After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or IRA.

Please consult your tax adviser for advice concerning your particular situation and for any updates to the tax law.

 ** The S&P 500 is a widely recognized, unmanaged index of common stock prices. The figures for the S&P 500 reflect all dividends reinvested but does not reflect any deductions for fees, expenses, or taxes. It is not possible to invest directly in an index.

 ***Consumer Price Index – U.S. CPI Urban Consumers NSA (Non-Seasonally Adjusted), Index - lags by 1 month.

****The Expense Ratio has been restated to reflect the estimated expenses for the Fund's current fiscal year and is not based on the expenses incurred during the Predecessor Fund's previous ficsal year.