2016 First Quarter Report

If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 1.44% after fees. The range of individual client returns was from -0.73% to 3.61%. For comparison purposes, the S&P 500 Total Return Stock index earned 1.35%, and the Barclays Aggregate Bond Index was up 3.03% for the year. …

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