This content is strictly for informational purposes. Past performance is not indicative of future returns and the value of investments and the income derived from them can go down as well as up. Future returns are not guaranteed and a loss of principal may occur. No portion of this is to be construed as a solicitation to buy or sell a security nor the provision of personalized investment advice. Certain information contained herein is derived from sources that Porter Investments believes to be reliable. Performance returns are based upon trading signals from independent investment models and when obtainable, verified by third parties before being purchased by Porter Investments Inc. Information used was also obtained from public and private sources however; Porter Investments does not guarantee the completeness or accuracy thereof. Additional information regarding sources and methods used is available upon request.
Porter Investments is a registered investment adviser that maintains a principal place of business in the State of Texas. Porter Investments may only transact business in those states in which it is registered or qualifies for a corresponding exemption from such requirements. Any reference to or use of the terms “registered investment adviser” or “registered,” does not imply that Porter Investments or any person associated with Porter Investments has achieved a certain level of skill or training. For additional information about Porter Investments please consult the Firm’s Form ADV disclosure documents, the most recent versions of which is available on the SEC’s Investment Adviser Public Disclosure site.
Each Strategy is a combination of individual model programs designed by model developers. Performance information may be presented from an actual, representative account. The representative account is an account that has been in the Strategy for no less than two months, had no withdrawals or distributions, and has had the maximum fee deducted. All accounts in the Strategy are traded in a similar fashion, so that the returns shown are representative of the majority of participants in the specific Strategy. Another representative account will be substituted if the current account fails to meet the criteria.
The Aggressive Strategy results have been verified by Theta Research LLC, an independent third party, since 8/31/13. Theta Research calculations were based on monthly statements from Fidelity Investments®, a service provider to Porter Investments. Other representative accounts were initiated on the following dates: Durable Bond – 09/30/16; Retirement-401K – 6/30/17; Moderate – 12/31/15; and Growth 12/31/15. Prior to 9/30/16 for the Durable Bond Strategy, 6/30/17 for the Retirement-401K, 12/31/15 for the Moderate, Growth, and Aggressive Strategies, specific trades did not occur in an account and as such, should be considered hypothetical. Prior to these dates, performance is calculated using actual models employed on 12/31/18. The specific models or allocations used in any strategy may change at any time without notice, subject to the discretion of Porter Investments. While Strategies attempt to diversify through the use of multiple models, this diversification does not ensure a profit and does not protect against losses.
Some of the performance information presented within this report represents backtested performance results assuming the investment programs were in effect from January 2007 through the respective initiation dates in the preceding paragraph. Backtested (hypothetical) performance represents theoretical performance calculated by applying a specific model, or allocation of models, to historical data to show what performance might have been achieved if the strategy had been used. As such, it should not be interpreted as an indication of any past or future performance and it should be understood that performance results are provided solely for informational purposes and are not to be considered investment advice. These figures are hypothetical, prepared with the benefit of hindsight, and have inherent limitations as to their use and relevance. For example, they ignore certain factors such as trade timing, security liquidity, and the fact that economic and market conditions in the future may differ significantly from those in the past. Backtested performance results reflect prices that are fully adjusted for dividends and other such distributions. All returns presented are net of fees based on a maximum management fee of 2%, which is the highest fee a client could pay. Actual investment management fees vary by individual client account which impact overall portfolio returns. These strategies may involve above average portfolio turnover which could negatively impact upon the net after-tax gain experienced by an individual client. Past performance is no indication or guarantee of future results and there can be no assurance the strategies will achieve results similar to those depicted herein.
For comparative purposes “SPY” is used, which is an investable index specific ETF. The shares of the SPDR® S&P 500® ETF, trading symbol “SPY”, represent ownership in the SPDR® S&P 500® Trust, a unit investment trust. It seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The S&P 500® Index is a market capitalization–weighted index of 500 widely held stocks often used as a proxy for the broader stock market. “SPDR”®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC. Any other reference to a market index is included for illustrative purposes only, as it is not possible to directly invest in an index. Indices are unmanaged, hypothetical vehicles that serve as market indicators and do not account for the deduction of management fees or transaction costs generally associated with investable products, which otherwise have the effect of reducing the performance of an actual investment portfolio.
Some accounts may invest in leveraged and “inverse” mutual funds. These funds may seek to enhance returns through the use of various financial instruments such as swaps, short sales and options. For period beyond one day, the total return of an inverse fund will not be the exact opposite of the total return of the index to which it is benchmarked. Due to the increased risk of leveraged and indexed funds over time, these programs are suitable for investors who are able to withstand significant volatility and do not foresee the need to liquidate their investment for a minimum of three years. Mutual funds and ETFs used are subject to market volatility and investor shares may be worth more or less than their original cost at time of redemption.