Athena Portfolio Performance Summary
All returns are net of Athena's maximum 1.0% management fee. Some return figures are based on pre-inception data. Refer to disclosures for more details.
NOTES
- * Select Index = 40% S&P 500 | 40% R2000 | 20% EAFE
- ** Conservative Index = 15% S&P 500 | 5% EAFE | 50% Agg Bond | 30% Cash
- *** Moderate Index = 40% S&P 500 | 20% EAFE | 35% Agg Bond | 5% Cash
- **** Aggressive Index = 70% S&P 500 | 25% EAFE | 5% Cash
View Important Portfolio Disclosures
| ATHENA PORTFOLIO INCEPTION DATES: · Athena Pure Valuation | Profitability: 7/1/2002 · Athena Dividend Income Equity: 10/1/2010 · Athena Tax Sensitive Equity: 4/1/2011 · Athena International Equity: 7/1/2009 · Athena Market Directional Equity: 9/1/2010 · Athena Select Dividend Equity: 3/1/2011 · Athena Select Global Equity: 7/1/2011 · Athena Select Managed Equity: 10/1/2011 · Athena US Equity Funds: 4/1/2011 · Athena International Equity Funds: 10/1/2010 · Athena Global Equity Funds: 11/1/2008 · Athena Conservative Allocation: N/A · Athena Moderate Allocation: N/A · Athena Aggressive Allocation: 11/1/2011 An investment utilizing our investment methodologies involve significant risks, including the potential risk of loss of a substantial portion (or all) of the amount invested. This document is informational in nature and for use only by sophisticated investors who meet certain minimum financial requirements. Our investment program may not be suitable for all types of investors. This information is not intended to constitute legal, tax, accounting or investment advice. Prospective clients should consult their own advisors about such matters. No independent party has audited the hypothetical model portfolio performances, nor has any independent party undertaken to confirm that the model adheres to the assumptions or conditions specified in our investment theses. There are risks involved with investing, including the risk of loss of principal. There is no assurance that the investment process will consistently lead to successful results. An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment. Nothing herein is intended to imply that an investment in our investment methodology may be considered "conservative," "safe," "risk free" or" risk averse." No regulatory authority has passed upon or endorsed this summary or the merits of an investment using our strategy. All of the information included in this brochure is current as of the date indicated and is subject to change. Certain information has been obtained from various third-party sources believed to be reliable, but we cannot guarantee its accuracy or completeness. PAST PERFORMANCE DOES NOT GUARANTEE OR INDICATE FUTURE RESULTS. The performance information shown reflects the performance of a model portfolio that does not necessarily reflect the performance that any particular client account investing in the same or similar securities may have had during the period. Actual account performance is likely to differ from the composite performance shown for a variety of reasons, including but not limited to: differences in market conditions, portfolio turnover, and in the number, types, availability and diversity of securities that can be purchased; economies of scale and other factors applicable to the management of separate accounts; client-imposed investment restrictions; the timing of client investments and withdrawals; the deduction of taxes; tax considerations; and other factors. Model portfolio and index performance results reflect realized and unrealized appreciation and the reinvestment of dividends, interest and/or capital gains. Taxes have not been deducted. Custodians and brokers may charge different fees for custody and trading services. AthenaInvest's maximum annual management fee of 1.00% is deducted monthly and is netted from the returns reported. The performance data presented in this brochure does not reflect performance of an actual client's account. Actual investment in the Portfolio may result in different performance from what is presented in the model. PRE-INCEPTION MODEL PORTFOLIO METHODOLOGY: For complete pre-inception model portfolio methodologies, please refer to the corresponding portfolio brochure. Market indexes are included in these materials only for comparative purposes and as context reflecting general market results. These benchmarks are used for a general performance guideline of the various portfolios based on the size of US equity stocks in the portfolio. Our methodology does not seek to replicate the composition, or mirror the performance or volatility, of any such index, and can be expected to have investments that differ substantially from the securities or other instruments included in any such index. Accordingly, no representation is made that the performance or volatility of Our methodology will track or otherwise reflect any particular index. Index returns may not reflect transaction costs or the deduction of fees and it is not possible to invest directly in an index. The S&P 500 Index is a market-capitalization weighted index which measures price movements of the common stock of 500 large U.S. companies within leading industries. Stocks in the Index are chosen for market size (large cap), liquidity and industry group representation. S&P 500 is a registered trademark of The McGraw-Hill Companies. Morgan Stanley Capital International's Europe, Australia and Far East ("EAFE") Index is an unmanaged index that is a generally accepted benchmark for the major overseas markets. Data is dollar-adjusted. Investors may not actually make investments in this index. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 8% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set. The Barclays Capital U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. This information is not intended to be complete, and material aspects of the descriptions contained herein may change at any time. While the information prepared in this summary is believed to be accurate, we make no express warranty as to the completeness nor can we accept responsibility for errors made in good faith. |
Download Portfolio Performance