General Disclaimer

All information provided by Algorithmic Investment Models LLC ("AIM") is impersonal and not tailored to the needs of any person, entity or group of persons. This website does not constitute an offer of services. AIM receives compensation in connection with licensing its research to third parties for investment products. Any returns or performance provided within the examples are for illustrative purposes only and do not demonstrate actual performance. Hypothetical performance is not a guarantee of future investment results, much less even a suggestion of them.

It is not possible to invest directly in any of the examples. There is no assurance that investment products based on AIM's research will mimic any of the examples or even provide positive investment returns. AIM makes no representation regarding the advisability of investing in any such investment product or other vehicle. A decision to invest in any such investment product or other vehicle should not be made in reliance on any of the statements set forth on this website. Interested parties are advised to consult with a registered investment advisor and make investments only after carefully considering the risks associated with investing in products the registered investment advisor offers, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the manager of the investment product or other vehicle.

Other market data including the widely followed S&P 500™ and the Barclays Capital Aggregate Bond Market Index™, as well as some mutual funds are included as a general market proxy for their respective investment class and do not necessarily correspond to the investment strategies presented. They should not be considered as benchmarks or be used to judge the relative performance of the examples.

The algorithms that produce the examples' performance are periodically updated seeking to improve performance characteristics. These updates are not expected to change the basic risk profiles of the examples.

AIM seeks to include a diverse universe of investments and periodically updates its universe of ETFs and asset classes. Changes include additions and deletions. Factors considered include, but are not limited to, the liquity of an ETF or an ETF that tracks an asset class and correlations with other investments in the AIM universe. Additions and deletions are normally performed during the periodic updating of the algorithms with new market data.

A portion of the examples' return may contain data from in-sample modeling. In-sample modeling uses all available information to achieve the best possible investment results from the dataset. The process is likely to lead to overfitting. Thus, the examples' past hypothetical returns are likely to be relatively better than would be expected in the future.

The examples shown do not represent the results of actual trading of investor assets. The past hypothetical returns in the examples do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of theses fees and charges would cause actual and back-tested performance to be lower than the performance shown. In a simple example, if an index returned 10% on a US $100,000 investment for a 12-month period (or US$ 10,000) and an actual asset-based fee of 1.5% were imposed at the end of the period on the investment plus accrued interest (or US$ 1,650), the net return would be 8.35% (or US$ 8,350) for the year. Over 3 years, an annual 1.5% fee taken at year end with an assumed 10% return per year would result in acumulative gross return of 33.10%, a total fee of US$ 5,375, and a cumulative net return of 27.2% (or US$ 27,200).

The examples' past hypothetical returns are calculated using closing prices which, by definition, cannot be known prior to the closing. Calculating returns using the next day's open or closing prices has historically lead to lower hypothetical returns.

AIM does not guarantee the accuracy and/or completeness of any example, any data included therein, or any data from which it is based, and AIM shall have no liability for any errors, omissions, or interruptions therein. AIM makes no warranties, express or implied, as to results to be obtained from use of information provided by AIM, and AIM expressly disclaims all warranties of suitability with respect thereto. While AIM has obtained information believed to be reliable, AIM shall not be liable for any claims or losses of any nature in connection with information contained in this website, including but not limited to, lost profits or punitive or consequential damages, even if it is advised of the possibility of same.

iShares™ is a registered trademark of BlackRock Investments, LLC.

S&P 500™ is a registered trademark of Standard & Poors.

MSCI index names are a registered trademark of MSCI Inc.

Barclays Capital Aggregate Bond Market Index™ is a registered trademark of Barclays Capital.