DISCLOSURES
IMPORTANT INFORMATION
The performance data quoted represents past performance.
Past performance is no guarantee of future results.
The performance information shown for separately managed accounts reflects the performance of composites of accounts that does not necessarily reflect the performance that any particular account investing in the same or similar securities may have had during the period. Individual account performance is likely to differ from the composite performance shown for a variety of reasons, including but not limited to: differences in market conditions; client-imposed investment restrictions; the timing of client investments and withdrawals; and other factors. All performance results for separately managed accounts have been compiled solely by AHWCO. Information pertaining to AHWCO’s advisory operations, services, and fees is set forth in AHWCO’s current disclosure brochure, a copy of which is available from AHWCO upon request or on AHWCO’s website, www.ahwilliamsco.com. AHWCO’s investment strategies are only available to clients that are “qualified clients” as defined under Rule 205-3 of the Investment Advisers Act of 1940, as amended, with the exception of Core and Core Plus. All AHWCO investment strategies use leverage, which increases volatility of the returns and may expose an account to greater loss in any given period.
Please see below for important information about the Core Plus investment strategy.
CORE PLUS PROGRAM
The Core Plus program inception date is April 1, 2012. The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance results are presented net of management fees, brokerage commissions, and include the reinvestment of dividends and all other earnings. Performance results are shown before U.S. tax and the deduction of custodial fees. Annual management fees are billed at the rate of .3125% quarterly in advance. The composite performance represents the returns of all fully discretionary separately managed accounts (SMAs) in the Core Plus investment program custodied at Hilltop Securities with a minimum account size of $500,000, a two to one leverage capability, security concentration of a maximum of 10% of leverage notional limit and an account performance history of at least one calendar quarter. For the period from April 1, 2012 to December 31, 2013, there was only one account included in the composite.
Annual ADV March 2023.pdf