Disclosures
The following disclosures are intended to help users understand the nature of the research, model portfolios, and performance information published by Persistfolio.
Quantitative Research and Model Portfolios
Persistfolio publishes standardized, rules-based quantitative research and model portfolios for informational and educational purposes.
Persistfolio's model portfolios are research outputs constructed according to a proprietary deterministic methodology. They are not individualized based on a subscriber's financial circumstances, investment objectives, risk tolerance, existing portfolio, or other personal information.
The same published model portfolios are available to all subscribers.
Historical / Hypothetical / Backtested Information
Where presented, historical or hypothetical results reflect the retrospective application of a methodology to historical data.
Such results are hypothetical and do not represent an investment or model portfolio that actually existed during the period shown. Hypothetical results benefit from hindsight and may be affected by assumptions, data limitations, survivorship bias, look-ahead bias, or other limitations identified with the particular analysis.
Historical and hypothetical results should not be interpreted as a prediction of how a model portfolio will perform in the future.
Prospective Model Portfolio Performance
After a Persistfolio model portfolio is published, its model performance is tracked prospectively against the S&P 500 from its publication date.
Prospective model portfolio performance represents the performance of the published model and does not represent the performance of an actual investor account.
Portfolio composition and subsequent changes are recorded as they occur and are not retroactively changed based on subsequent market performance.
Actual Investor Returns
Persistfolio does not track or report the performance of individual investor accounts.
Actual investor results may differ from published model portfolio performance because of factors including execution prices, timing of trades, transaction costs, fees, taxes, contributions, withdrawals, and other individual circumstances.
Model Portfolios Are Not Investor Accounts
A Persistfolio model portfolio is a standardized research construct. It is not an investment account, managed account, fund, or other pooled investment vehicle.
Persistfolio does not hold or manage assets associated with its model portfolios.
No Personalized Research or Portfolio Construction
Persistfolio publishes standardized research and model portfolios. It does not customize its published models based on an individual subscriber's financial circumstances, investment objectives, risk tolerance, existing holdings, or portfolio.
Persistfolio does not determine whether a particular model portfolio, security, investment strategy, or allocation is appropriate or suitable for an individual subscriber.
Subscribers independently decide whether and how to use the information published by Persistfolio.
No Investment Management, Custody, Brokerage Connection, or Trade Execution
Persistfolio does not:
- Manage investor accounts or assets
- Take custody of investor assets
- Connect to or access subscriber brokerage accounts
- Execute or direct trades
- Place orders on behalf of subscribers
- Automatically implement model portfolio changes in subscriber accounts
Any investment transactions undertaken by a subscriber are initiated and executed independently outside of Persistfolio.
Investment Risk
Investing in securities involves risk, including the possible loss of principal.
Companies that demonstrated persistent historical relative performance may not continue to do so. Persistfolio model portfolios may decline in value and may underperform the S&P 500 or other investments for extended periods or permanently.
Neither the Persistfolio methodology nor any published model portfolio guarantees future performance, investment success, or protection against loss.
Proprietary Methodology
Persistfolio provides a high-level description of its quantitative research framework. Specific formulas, statistical thresholds, scoring mechanics, coefficients, algorithms, and implementation details are proprietary and are not publicly disclosed.
No Guarantee of Accuracy or Availability
Persistfolio relies on market data and information from third-party sources. While reasonable efforts are made to maintain accurate and timely information, data may contain errors, omissions, delays, or inaccuracies.
Persistfolio does not guarantee that its website, research, model portfolios, or performance information will always be complete, accurate, current, or continuously available.
Past Performance
Past performance does not guarantee future results.
Historical or hypothetical performance does not represent actual past investor results. Prospectively tracked model portfolio performance represents model performance and does not represent the results of an actual investor account.