Disclosures
This material is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of this email and may change without notice. The information and opinions are derived from proprietary and non-proprietary sources deemed by IRON Financial to be reliable, are not necessarily all-inclusive, and their accuracy is not guaranteed. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions is accepted by IRON Financial, its officers, employees, or agents. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader.
The information herein has not been based on the consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal, or regulatory advice. Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.
Past performance is not indicative of future results. Information is provided for informational purposes only and should not be deemed as a recommendation to buy or sell any security.
Performance results are based on a hypothetical model portfolio from inception of December 1, 2003 through August 31, 2020. No accounts were managed using this portfolio during this period. From August 31, 2020 to the present, performance results are based on a composite consisting of eligible client accounts. Inclusion of an account within the composite is determined on a monthly basis, requires investment in the High-Q portfolio for the entire calendar month, and a beginning monthly balance of at least $100,000. Performance for periods longer than a year has been annualized using a geometric mean.
For time periods between December 1, 2003 and March 31, 2022, management fees of 0.70% annually, our highest published fee during that period, have been deducted from gross performance results for the IRON High-Quality Equity Portfolio (“High-Q”). From April 1, 2022 onward, management fees of 0.59% annually are deducted from gross performance results. Client accounts are charged quarterly in arrears based on the quarter-end value adjusted for capital flows. Net returns reflect a monthly accrued deduction of management fees. IRON’s fees are available upon request and may be found in our Form ADV Part 2A disclosure brochure.
The S&P 500 Index is a market-capitalization-weighted index of 500 of the largest publicly traded companies listed on US stock exchanges. The S&P 500 Total Return Index was determined to be an appropriate benchmark because portfolio holdings are selected from the S&P 500. Benchmark returns do not reflect the deduction of advisory fees. You cannot invest directly in an index.
High-Q is rebalanced semi-annually. Actual performance of client portfolios may differ materially due to the timing of investment of capital, the reinvestment of dividends, length of time various positions are held, client objectives and restrictions, and fees and expenses incurred by the individual portfolio.
