Eagle Capital Management, LLC
499 Park Avenue, Floor 17 New York, NY 10022
T 212.293.4007 E amaffei@eaglecap.com
Eagle Equity Composite Annualized Returns1
As of September 30, 2011P
Russell
Eagle Eagle 1000
Gross Net S&P 500 Value
As of September 30, 2011 3Q 2011 -14.0% -14.2% -13.9% -16.2%
Assets Under Management $9 billion YTD -4.6 -5.1 -8.7 -11.2
1-Year 4.2 3.5 1.1 -1.9
Representative Clients
Atlanta Historical Society National Geographic
3-Year 6.4 5.6 1.2 -1.5
Boston University New York Philharmonic 5-Year 3.8 3.0 -1.2 -3.5
Cargill New York University
Carleton College Northwestern University 10-Year 8.9 8.2 2.8 3.4
Charles Hayden Foundation The Ohio State University
Citigroup ONEOK Inception (12/1988) 14.2 13.4 8.7 8.9
City of Hartford Pfizer Performance is preliminary and not yet reconciled
ConAgra Foods PERS of Mississippi
Drexel University Teachers College Highlights
The Field Foundation The Salvation Army
The Frick Collection Whitney Museum Proven Success.
Grinnell College The National YMCA
Eagle Capital has generated significant excess returns since its inception in
1988.
Top Ten Holdings
Top Ten % of Rep Portfolio Focus.
Microsoft Corporation 5.4 Eagle Capital’s personnel are dedicated to a single product, a focused portfolio
Wal-Mart Stores, Inc. 5.2 of the 25-35 stocks that best fit the firm’s investment approach and criteria.
The Coca-Cola Company 5.2
Aon Corporation 5.2
Time Horizon.
Comcast Corporation 5.2
News Corporation 5.0
A long-term investment time horizon provides a significant research and invest-
Liberty Global, Inc. 4.9 ment advantage in a market dominated by short-term thinking.
Praxair, Inc. 4.2
UnitedHealth Group Inc. 4.1 Consistency.
Pepsico, Inc. 3.8 Since 1988, Eagle Capital’s investment style and approach have not changed,
Total 48.2% and the investment team has been led by the same individual.
1. Eagle Capital Management, LLC (the “Adviser”) is an investment adviser registered with the Securities and Exchange Commission. Eagle Capital Management, LLC claims compliance with the
Global Investment Performance Standards (GIPS®). After 1/1/93 the returns shown are size-weighted. All fee-paying, discretionary portfolios are included in at least one composite. A complete list
and description including computational policies of Eagle’s composites are available upon request. Future performance is not guaranteed by past results. Returns from client to client may vary. Form
ADV is available upon request. Gross performance results do not reflect the deduction of Eagle’s investment advisory fee, which will affect a client’s total return. Dispersion for the Eagle compos-
ite for 1999 was 3.3%, 2000 was 3.2%, 2001 was 0.8%, 2002 was 1.2%, 2003 was 1.1%, 2004 was 1.9%, 2005 was 1.4%, 2006 was 1.3%, 2007 was 1.1%, 2008 was 1.5%, 2009 was 2.2%, and 2010 was 1.0%