Portfolio Characteristics*1 as of 12/31/09
 |
|
| Number of Holdings | 18 |
| Median market capitalization ($BB) | 19 |
| P/E Ratio | 14 |
| Price/Book | 1.9 |
| Dividend Yield (%) | 2.7 |
| Average annual ROE past five years (%) | 18 |
| Annual Turnover (%) year ending 12/31/09 | 6 |
Top Five Holdings*1 (%) as of 12/31/09
| Anadarko Petroleum | 7.2 |
| Hewlett-Packard Co. | 7.1 |
| MDU Resources Group | 6.4 |
| BB&T Corporation | 6.3 |
| Rayonier | 6.3 |
| Holdings subject to change. |
*Information provided to supplement the compliant disclosures in the Performance Disclosure.
1Lakeshore Capital portfolio characteristics, holdings and sector weightings are subject to change at any time and are based on a representative portfolio. Holdings, sector weightings and portfolio characteristics of individual client portfolios may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.