Market Commentary

A look back at what was moving markets and how the Bernzott U.S. Small Cap Value strategy performed.1
"The four most dangerous words in investing are: 'this time it's different.'"
- Sir John Templeton, Investor and Philanthropist  
1Bernzott Capital Advisors claims compliance with the Global Investment Performance Standards (GIPS®) and has been independently verified for the periods of Jan. 1, 1995 through December 31, 2016. Gross of fees returns reflect only the deduction of trading costs. Net performance returns reflect the deduction from gross performance of all trading costs, actual management fees and embedded fees. Past performance is not indicative of future results.