Runway Strategy

*Inception – 1 January 2024

This content is presented for informational and supplemental purposes only. The performance and characteristics presented represents the composite of the prior performance of discretionary accounts managed by DSM in accordance with its US Runway Strategy. You should not consider the performance or characteristics to be an indication of future performance or characteristics of DSM’s US Runway Strategy. Individual accounts and results will vary and no assurances are provided regarding future performance, characteristics or results. The performance results presented reflect the deduction of a model advisory fee. From inception of the composite in January 2024, a model advisory fee of 0.45% per annum had been used. Click this link for important additional disclosures regarding composite performance and creation. Investing entails risks, including possible loss of principal. DSM may not be successful in predicting EPS growth and/or P/E ratios and, as a result, investors may experience losses. There are also special risk considerations associated with international and global investing (especially emerging markets), small and mid-capitalization companies, or other growth and/or concentrated investment strategies. Different market or economic conditions could result in markedly different performance, including the possibility of loss. Composite performance is presented net of investment advisory fees (custody fees are not deducted). DSM’s standard advisory fees are described in Part 2A of its Form ADV. Investors should be aware that the use of a methodology different from that used to calculate performance could result in different performance data. Comparative indexes are unmanaged, do not reflect the payment of advisory fees and other expenses associated with an investment and may not reflect the reinvestment of dividends. Investors cannot invest directly in an index. The Russell 1000 Growth Total Return Index includes dividends reinvested in the Russell 1000 Growth Index as reported by the Russell Company. S&P 500 Total Return includes dividends reinvested in the S&P 500 index, as reported by Standard & Poor’s.