Large Capitalization Growth
Socially Responsible Investing Strategy
1st Quarter, 2013
Thomas B. Murphy, Ph.D., CFA
Senior Vice President
For Use In One-On-One Client Presentations Only.
Congress Asset Management
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Privately owned, Boston based investment management company founded in 1985
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$7.67 billion in assets under management as of March 31, 2013
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50 employees spanning investment management, sales, operations and compliance
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Investment Management is our only focus

Seasoned, stable investment management team comprised of 14 Portfolio
Managers and 7 Analysts with little client or employee turnover
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Firm wide commitment to integrity, performance and client services
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Client base includes taxable and tax exempt accounts for both institutional and
private clients
2
Firm Overview
Marketplace Strength
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We are a growth manager with a process and expertise centered on security selection
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Our firm specializes in diversified portfolios for institutions and high net worth individuals,
encompassing both equity and fixed income disciplines
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Managing over $4.0 billion in tax exempt Taft-Hartley, Corporate, and Public Funds and $1.5
billion in Foundation & Endowments
Assets Under Management
Marketplace Distribution
$30.0
$34.5
$114.0
15%
$146.3
53%
32%
n
Institutional
n
Sub-Advisory
n
Private Client
n Large Cap Growth
$2,653.7
$558.5
n Fixed Income
n Private Equity
n Balanced
n Mid Cap Growth
$695.1
n Multi-Cap Growth
$785.5
$2,662.2
n All Cap Opportunity
n Dividend Growth
n Custom Equity
Data as of 3/31/13.
3
Investment Framework
Congress Asset Management’s investment framework:
Philosophy
Process
People
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Performance
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Remain loyal to single investment philosophy
Continually apply philosophy to product suite
Philosophy proven creditable over various market cycles
Developed replicable process
Congressional approach to investment decisions
Process attested reliable throughout numerous markets cycles
Deep bench of experienced and seasoned investment professionals
Independent thinkers in a collaborative work environment
Low personnel turnover
Long term growth with a focus on lower volatility
Target consistent performance throughout various market environments
Security selection is the main driver of performance attribution
4
Congress Asset Socially Responsible Investing Background

Congress Asset Management has handled SRI mandates for over 20 years
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Currently manage over $100M in Religious account assets as of 1/31/13 – Equity and
Balanced
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A sample of our current SRI clients include the following organizations:
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We have the flexibility to design and implement or enforce your stated SRI guidelines
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Diocese of Scranton
Sisters of St. Dorothy
Ursuline Sisters of Western Province
Francis House
Customized portfolio from our current models and approved list of securities
Our SRI clients have a dedicated Portfolio Manager
5
Investment Philosophy

We believe that long term superior stock performance is generated by companies
consistently growing earnings and cash flow
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Our firm’s team-based approach, investment depth and technical proficiency provides
us a competitive advantage when analyzing potential investments
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Bottom-up stock selection is the primary driver of excess returns
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Identify attractive securities utilizing internally generated fundamental research focused
on a company’s income statement, capital structure, and cash flow generation
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Long term outlook with a focus on risk control
6
Team Driven Investment Process
Investment management decisions are made by our Investment Policy Committee which is
comprised of portfolio managers and research staff:

An approved list of securities is created by evaluating publicly traded companies with a
market cap ≥ $8 billion
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A comprehensive portfolio construction process ensures risk control and maintains
adherence to each client’s mandate.
The Investment Policy Committee structure and process benefits our clients:
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Consistent, repeatable process over time
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Broad range of experience of our investment professionals
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Effective checks and balances over investment decisions
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Risk Controlled Portfolio
The result of our process is a high conviction portfolio:
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Best Investment Ideas
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35-45 equity holdings
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2.5% initial commitment
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5% maximum individual security weight
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15% maximum exposure to a particular industry
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30% maximum exposure to an individual sector
Fully invested
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5% maximum cash allocation
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Average cash allocation of 1 to 2%
Low turnover
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25-50% Annually
*Diversification does not guarantee a profit or eliminate the risk of potential loss.
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Sell Discipline
Stocks may be sold for the following reasons:
Downside Protection:
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Fundamentals weaken resulting in disappointing financial results for multiple periods
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Company abruptly alters business plan
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Ability to recognize a mistake
Upside Protection:
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Valuation becomes unattractive relative to a stocks history and/or peers
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Positions are trimmed when holding reaches 5% of the market value of the portfolio
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Compelling replacement is identified
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Performance
Socially Responsible Large Cap Growth Portfolio
Annualized Returns (%)
As of 3/31/13
16
14
12
10
8
6
4
2
0
Month to Date
Quarter to Date
1 Year
3 Years
5 Years
n
SRI - Large Cap Growth
2.84
8.03
7.56
12.57
6.22
n
S&P 500
3.75
10.61
13.96
12.67
5.81
Source: CAM, Bloomberg Finance L.P., Russell Investments, Capital IQ , and PSN.
This information is for illustrative purposes, is subject to change at any time and should not be considered investment advice or a recommendation to buy or
sell any particular security. Individual portfolios may vary by client and there is no guarantee that a client’s account will hold any or all of the securities listed..
Past performance does not predict or guarantee future results.
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Active Portfolio Allocation
Socially Responsible Large Cap Growth Portfolio
Sector Allocation Ex-Cash(%)
As of 3/31/13
30%
25%
20%
15%
10%
5%
0%
Consumer
Discretionary
Consumer
Staples
Energy
Finance
Health
Care
Industrials
Tech
Materials
Telecomm
Utilities
SRI - Large Cap Growth
12.5
7.5
9.7
14.8
9.4
10.4
24.3
9.2
0.0
0.0
S&P 500
11.47
10.79
11.11
16.06
12.10
10.15
18.35
3.48
3.06
3.44
Sources: CAM, Russell Investments, Bloomberg Finance L.P., Capital IQ, and PSN. This information is for illustrative purposes, is subject to
change at any time and should not be considered investment advice or a recommendation to buy or sell any particular security. Past
performance does not predict or guarantee future results. Please refer to the back of this presentation for additional important information.
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Equity Holdings
Socially Responsible Large Cap Growth Portfolio
Model Portfolio Holdings as of 3/31/13
CONSUMER DISCRETIONARY
FINANCIALS
INFORMATION TECHNOLOGY
DOLLAR TREE INC
AMERICAN TOWER CORP
ACCENTURE PLC
HOME DEPOT INC
BB&T CORP
ADOBE SYSTEMS INC
PANERA BREAD CO
PUBLIC STORAGE
APPLE INC
TJX COMPANIES INC
SCHWAB (CHARLES) CORP
CITRIX SYSTEMS INC
VF CORP
TRAVELERS COS INC
EMC CORP/MASS
WELLS FARGO COMPANY
GOOGLE INC-CL A
CONSUMER STAPLES
INTL BUSINESS MACHINES CORP
CASEYS GENERAL STORES INC
HEALTH CARE
MICROSOFT CORP
COLGATE-PALMOLIVE CO
CERNER CORP
QUALCOMM INC
HAIN CELESTIAL GROUP INC
EDWARDS LIFESCIENCES CORP
EBAY INC
INTUITIVE SURGICAL INC
INDUSTRIALS
THORATEC CORP
CANADIAN NATL RAILWAY CO
MATERIALS
FMC CORP
CATERPILLAR INC
ENERGY
MONSANTO CO
ROPER INDUSRIES INC
NATIONAL OILWELL VARCO
POTASH CORP OF SASKATCHEWAN
UNITED PARCEL SERVICE
OCEANEERING INTERNATIONAL INC
PRAXAIR INC
WABTEC CORP
OIL STATES INTERNATIONAL
SCHLUMBERGER LTD
Source: CAM, Bloomberg Finance L.P., Russell Investments, Thomson Reuters and PSN.
This information is for illustrative purposes, is subject to change at any time and should not be considered investment advice or a recommendation to buy or
sell any particular security. Individual portfolios may vary by client and there is no guarantee that a client’s account will hold any or all of the securities listed..
Past performance does not predict or guarantee future results.
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Socially Responsible Large Cap Growth Composite 1/1/04– 3/31/13
Year
Total
Return
Gross
of Fees
%
Total
Return
Net of
Fees %
2004
13.2
2005
5.0
2006
10.0
2007
13.4
2008
-33.8
2009
30.0
2010
13.3
2011
4.9
12.3
4.2
9.2
12.8
-34.1
29.3
12.8
4.4
2012
13.5
12.9
S&P 500 Composite S&P 500 Number
Gross
Total
Total
Return %
Gross
3-Yr St
of
Dispersion Composite
Firm
(dividends
3-Yr St
Dev (%) Portfolios
%
Assets
Assets End
reinvested)
Dev (%)
End of
of Period #
Period
($ millions)
($ millions)
10.9
*
*
16
3,844
4.9
10
0.63
24
4,751
15.8
14
0.86
34
5,469
5.5
14
0.76
27
5,846
-37.0
5
1.23
6
4,371
26.5
11
1.87
20
5,463
15.1
10
0.99
21
6,678
2.1
17.6
18.7
12
1.13
22
7,014
16.0
15.6
15.1
11
0.44
24
7,498
* Composite contains 5 or fewer portfolios
Congress Asset Management claims compliance with the Global Investment Performance Standards
(GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Congress
Asset Management has been independently verified for the periods 12/31/95 – 6/30/12. The
verification report is available upon request. Verification assesses whether (1) the firm has complied
with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2)
the firm’s policies and procedures are designed to calculate and present performance in compliance
with the GIPS standards. Verification does not ensure the accuracy of any specific composite
presentation.
Firm Information: Congress Asset Management Co. (CAM) is an investment advisor registered with the
Securities and Exchange Commission under the Investment Advisors Act of 1940. CAM manages large
cap equity, mid cap equity, and fixed income investments for private and institutional clients. CAM
acquired Prelude Asset Management LLC on March 15, 2010.
Composite Characteristics: The Socially Responsible Large Cap Growth Composite was created
on April 1, 2004. The inception date is January 1, 2004 and reflects the first full month in which
an account was fully invested in the strategy and met the inclusion criteria. The composite
includes all fully discretionary accounts with a value over $500 thousand (US dollars) managed
in the socially responsible large cap growth style for a minimum of one consecutive months.
Accounts with wrap commissions are excluded from the composite. Prior to September 1, 2005
the composite did not include taxable accounts, private client accounts, or accounts with less
than $1 million. The composite benchmark is the S&P 500 Index. Closed account data is
included in the composite as mandated by the standards in order to eliminate a survivorship
bias. A complete list and description of all firm composites is available upon request.
Calculation Methodology: Valuations and returns are computed and stated in U.S. dollars. The
firm uses the Modified Dietz formula to calculate monthly returns and links these returns
geometrically to produce an accurate time-weighted rate of return. The composite is also
revalued intra-month in cases where cash flows in excess of 10% of the composite’s value
occur. Composite returns are asset-weighted. Gross of fees returns are calculated gross of
management and custodial fees and net of transaction costs. Prior to 2007 net of fees returns
are calculated by reducing gross returns by the highest management fee in the Socially
Responsible Large Cap Growth composite, which is 0.75%. Effective January 1, 2007 net of fees
returns are calculated using actual management fees. The composite results portrayed reflect
the reinvestment of dividends, capital gains, and other earnings when appropriate. Accruals
for equity securities are included in calculations. A maximum of 5% of the portfolio may be
invested in the ADR’s of foreign companies. The dispersion measure is the asset-weighted
standard deviation of accounts in the composite for the entire year. The three-year annualized
standard deviation measures the variability of the composite and the benchmark returns over
the preceding 36-month period. The standard deviation is not presented for 2004 through
2010 as it is not required for periods prior to 2011. Prior to January 1, 1993 the composite is
not in compliance with GIPS.
Fee Schedule: The firms’ individual account fee schedule is as follows: 1.00% for first $1
million, 0.80% for next $4 million, 0.60% for next $5 million. Management fees for individual
accounts with assets under management exceeding $10 million, and for institutional accounts
are negotiated. The individual account fee schedule may be subject to negotiation where
circumstances warrant. As fees are deducted quarterly, the compounding effect will increase
the impact of the fees by an amount directly related to the gross account performance. For
example, an account earning a 10% annual gross return with a 1% annual fee deducted
quarterly would earn an 8.9% annual net return due to compounding.
Other Disclosures: Policies for valuing portfolios, calculating performance, and preparing
compliant presentations are available upon request. Past performance does not guarantee
future results. This performance report should not be construed as a recommendation to
purchase or sell any particular securities held in composite accounts. Market conditions can
vary widely over time and can result in a loss of portfolio value. Total Firm Assets End of Period
#: Number includes a portion of assets where Congress Asset Management Co. does not have
full conditional trading authority. The assets consist of model portfolio relationships with third
party platforms and totaled 10% of the firm’s assets as of 3/31/13. Year-end model portfolio
totals were 0% in 2005, 0% in 2006, 1% in 2007, 2% in 2008, 4% in 2009, 4% in 2010 and 10% in
2011, respectively.
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For more information, please contact us at:
2 Seaport Lane Boston, Massachusetts 02210-2001
617.737.1566 ▪ www.congressasset.com