SBI Global Equity Portfolio

Summary

Investment Objective

Long-term capital appreciation with little consideration for income generation. Intended for investors who can tolerate the short-term volatility of US and international equity markets in the pursuit of longer-term returns.

Investment Strategy

The Portfolio is invested in US and international equity mutual funds, with a small amount invested in US money market funds for liquidity. Funds are selected using the SBI methodology described on the Fund Portfolios Overview Page.

Investment Risks

There are risks involved with mutual fund 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."

Performance

Hypothetical Growth of $10,000

SBI Global Equity = $11,015

Index = $9,393

One, Three, Five and Ten Year Annualized Returns

SBI Global Equity

Index

NOTES: * The index for the SBI Global Equity Portfolio is comprised of 50% MSCI EAFE Index and 50% S&P 500 Index.2000 ** Return is Jul - Dec and is not annualized. | Based on pre-inception data prior to Oct 29, 2008. After that, actual performance is reported. Actual results include AthenaInvest's maximum management fee of 1.0%, all custodial costs and all fund fees, if applicable.View further disclosures by clicking on the link at the bottom of the page.

Holdings

Strategy Allocation

Sector Allocation

Expenses

Expense Overview

SBI Portfolios can be managed directly via Seperately Managed Accounts or indirectly through a sub-advisory agreement. The expense structures differ between these two methods and are outlined in the tables below.

For more information about the difference between management methods, please refer to the Investment Services Overview.

Separately Managed Account Program Fees

* Note: All rate fee schedules for accounts with greater than $1 million are negotiable. In certain circumstances, fees may be reduced at AthenaInvest's discretion.

Sub-Advisor Program Fees

Portfolio Facts

Investment Manager

C. Thomas Howard, PhD Portfolio Manager Since 2008 View Full Bio

Minimum Investment

$50,000

Portfolio Turnover

50% Annually

Trading Activity

Positions are continually monitored to ensure they meet SBI criteria. Most trading occurs at the beginning of the month, with asset class rebalancing occurring on a annual basis, if necessary.