A hallmark of our investment management is the performance of the firm's Focused-Taxable Composite. The Mengis Capital Focused-Taxable Composite has provided consistent returns against its benchmark, the S&P 500, since inception in 1998. We are confident that our risk adjusted returns compare favorably to returns produced by managers with similar investment styles. In addition to producing strong returns, the equity process has a relatively low turnover rate, which is consistent with its goal to maximize after-tax, risk adjusted returns.

2Q 2009 $100K Investment  (PDF)