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Actual Client Performance
1/1/02 Through 12/31/09

(VAM returns net of fees and taxes)

Client “A” Portfolio


1 year 3 year avg. 5 year avg. 7 year avg. 8 year avg.
27.37%  2.78% 6.31% 11.26% 8.20%
vs vs vs vs
S&P 500 S&P 500 S&P 500 S&P 500 S&P 500
23.55% -3.56% 1.29%   5.95% 2.59%

Actual Returns


2002 2003 2004 2005 2006 2007 2008 2009
-13.22% 26.72% 20.51% 5.12% 18.12% 14.21% -37.11% 31.23%
vs vs vs vs vs vs
S&P 500 S&P 500 S&P 500 S&P 500 S&P 500 S&P 500 S&P 500 S&P 500
-23.40% 26.10%   9.13% 3.51% 13.62%   4.20% -38.43% 23.55%


This is the actual performance of a Vision Asset Management client. This is not an indication of future performance. As of January 1st, 2010.

Reports furnished upon request.

read more about Ms. Murphy, R.I.A