Past performance is no guarantee of future results. Data obtained from iShares Funds and MSCI Inc. Additional information is available here.
1. The above table and charts show performance results of a hypothetical portfolio that tracks the Unison Equity Bias Asset Allocation Strategy II (the “Strategy”) from January 1, 2007 through December 31, 2011. You cannot invest directly in the Strategy. The Strategy identifies broad asset classes and their respective asset allocations but does not specify individual securities. The performance given in this report is based on the performance of individual securities chosen by Holos. The ETFs used to calculate the performance of all three strategies are as follows: “US Large Cap” is the WisdomTree Earnings 500 Fund, “US Small Cap” is the WisdomTree SmallCap Earnings Fund, “Developed Large” is the WisdomTree International LargeCap Dividend Fund, “Developed Small” is the WisdomTree International SmallCap Dividend Fund, “Emerging Large” is the WisdomTree Emerging Markets Equity Income Fund, “Emerging Small” is the WisdomTree Emerging Markets SmallCap Dividend Fund, “REITs” is the WisdomTree International Real Estate Fund, and “Commodities” is the Market Vectors RVE Hard Assets Producers ETF. In 2007 the debt component was the Vanguard Short-Term Investment-Grade Fund; in 2008 and 2009 it was the Vanguard Short-Term Bond ETF; in 2010 it was the Barclays 1-3 Year Treasury Bond Fund, the Barclays TIPS Bond Fund, the Barclays MBS Bond Fund, the Barclays 1-3 Year Credit Bond Fund, the S&P/Citigroup 1-3 Year International Treasury Bond Fund, and the JPMorgan USD Emerging Markets Bond Fund. For 2011 “US Aggregate Bonds” is the Vanguard Total Bond Market ETF, “TIPS” is the PIMCO 1-5 Year US TIPS Index Fund, “Developed Treasuries” is the S&P/Citigroup 1-3 Year International Treasury Bond Fund , and “Emerging Government Debt” is the JPMorgan USD Emerging Markets Bond Fund.
This represents a hypothetical portfolio and does not reflect the performance of an actual account or composite of actual accounts. Strategy performance assumes (1) that no cash was added to or assets withdrawn from the hypothetical investment ;(2) rebalancing of the strategy every year on January 1st; (3) Investment was made on January 1st. The results shown are net of fees and transactional/custodial costs and reflect the reinvestment of dividends and other earnings. The performance may be affected by the impact of actual market conditions, timing of transactions, differences in account size and economic factors.
Clients’ accounts may not include any of the funds used to demonstrate the Strategy performance indicated above. Their investment results are likely to be different depending on numerous factors. Clients should refer to their monthly account statements for performance information relating to their specific accounts. Current performance may be higher or lower than the performance presented. There can be no assurance that any specific investment strategy (including the investment allocation depicted here), will be either suitable or profitable for a client. Using Asset Allocation or Diversification does not guarantee against losses especially in a down market.
2. The benchmark is composed of 65% MSCI ACWI/35% iShares Barclays Aggregate Bond Fund. The MSCI All Country World Index is a market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Barclays Aggregate Bond Fund seeks results that correspond generally to the price and yield performance of the total U.S. investment grade bond market. This unmanaged benchmark reflects the reinvestment of dividends and other earnings but do not reflect any management fees, transaction costs or expenses. You cannot invest directly in the index benchmarks. This is used for comparative purposes only, as it reflects some of the equity and debt exposures found in the hypothetical portfolio.
3. Gain standard deviation is the annualized standard deviation of positive monthly returns since the relevant inception date. Loss standard deviation is the annualized standard deviation of negative monthly returns since the relevant inception date.
Unison, Unison Advisors, and the Equity Bias, Neutral Bias and Debt Bias asset allocation strategies (collectively, the “Unison Strategies”) are each service marks of Unison Advisors LLC. Unison has no relationship to Holos Asset Management, LLC (the “Advisor”), other than the licensing of the Unison Strategies and its service marks for use in connection with Advisor’s services.
Unison does not: (1) sponsor, endorse or promote the Advisor; (2) have any responsibility or liability for the administration, management or marketing of the Advisor; (3) recommend that any person invest in securities generally or in accordance with the Unison Strategies; (4) consider the needs of the Advisor, the Advisor’s clients or any other person in determining, composing or calculating the Unison Strategies or have any obligation to do so.
UNISON WILL HAVE NO LIABILITY IN CONNECTION WITH THE ADVISOR. UNISON HAS NOT INDEPENDENTLY VERIFIED THIS MATERIAL AND MAKES NO REPRESENTATION OR WARRANTY AS TO ITS ACCURACY OR COMPLETENESS. SPECIFICALLY, UNISON MAKES NO WARRANTY, EXPRESS OR IMPLIED, AND UNISON DISCLAIMS ANY WARRANTY ABOUT: (1) THE RESULTS TO BE OBTAINED BY THE ADVISOR, THE ADVISOR’S CLIENTS OR ANY OTHER PERSON IN CONNECTION WITH THE USE OF THE UNISON STRATEGIES AND THE DATA INCLUDED IN THE UNISON STRATEGIES; (2) THE ACCURACY OR COMPLETENESS OF THE UNISON STRATEGIES AND ANY RELATED DATA; (3) THE MERCHANTABILITY AND THE FITNESS FOR A PARTICULAR PURPOSE OR USE OF THE UNISON STRATEGIES AND/OR ITS RELATED DATA. UNISON WILL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS IN THE UNISON STRATEGIES OR RELATED DATA.
UNDER NO CIRCUMSTANCES WILL UNISON BE LIABLE FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF UNISON KNOWS THAT THEY MIGHT OCCUR. THE LICENSING AGREEMENT AMONG THE ADVISOR AND UNISON IS SOLELY FOR THEIR BENEFIT AND NOT FOR THE BENEFIT OF ANY THIRD PARTIES. |
