MCGOWAN GROUP ASSET MANAGEMENT MASTER ACCOUNT PERFORMANCE
Beginning Portfolio Value Accrued Interest
Inception to Date 03-31-01 to 06-30-17 31,574,890.98 86,152.86
Year to Date 12-31-16 to 06-30-17 606,694,032.90 1,555,408.39
3 Year 06-30-14 to 06-30-17 534,890,115.80 2,577,324.24
5 year 06-30-12 to 06-30-17 351,657,126.00 1,438,590.94
From the Peak of 2007 09-30-07 to 06-30-17 183,380,281.50 92,246.29
10 Year 06-30-07 to 06-30-17 176,085,109.80 88,916.13
Net Deposits/Withdrawals
304,814,644.20
4,309,278.10
20,069,625.00
108,961,691.00
202,468,906.00
207,647,552.00
Realized Loss/Gains
17,756,723.26
(2,690,281.58)
(17,027,482.84)
1,630,205.83
9,184,358.17
8,760,058.97
Unrealized Loss/Gains
57,373,137.20
29,802,012.16
20,019,682.00
55,299,780.41
51,208,871.41
51,214,674.12
Interest
54,257,501.52
2,743,195.08
21,787,534.31
32,695,719.34
46,458,135.97
46,670,033.92
Dividends
212,493,316.20
18,036,942.48
90,607,369.60
123,718,867.60
185,516,551.50
187,841,736.00
1,393,434.08
(75,821.45)
(1,097,737.30)
40,996.00
1,387,340.65
1,390,670.81
(20,207,729.14)
(2,673,063.74)
(14,008,150.77)
(17,640,599.45)
(19,992,130.76)
(20,004,796.15)
(198.55)
0.00
0.00
154.39
(198.55)
(198.55)
Portfolio Value Accrued Interest
656,222,115.10 1,479,586.94
656,222,115.10 1,479,586.94
656,222,115.10 1,479,586.94
656,222,115.10 1,479,586.94
656,222,115.10 1,479,586.94
656,222,115.10 1,479,586.94
Total Loss/Gains after Fees
323,066,184.60
45,142,982.95
100,281,215.00
195,745,124.10
273,762,928.40
275,872,179.20
176.23%
7.36%
18.27%
46.27%
84.82%
86.95%
6.45%
15.40%
5.75%
7.90%
6.50%
6.46%
204.61%
4.68%
18.45%
45.82%
96.59%
99.30%
7.21%
20.36%
5.81%
7.84%
7.18%
7.14%
Change in Accrued Interest Management Fees Portfolio Fees
Time Weighted Return (TWR) Annualized TWR Internal Rate of Return (IRR) Annualized IRR
McGowan Group Asset Management, Inc. is a Federally Registered Investment Advisory Firm utilizing Pershing LLC, a BNY Mellon Company, for asset custody. The
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diversification, length of relationship, and size of positions among other reasons. Past performance is not an assurance of future results. The figures above are net of all management fees and also include reinvestment of dividends and interest. 1 Independent Advent audits, details available upon request. 2 MGAM’s own internal audit.