Report for Joe Sample

Transcription

1 Report for Joe Sample Period Ending: 7/31/2015 Advisor: Sample Advisor

2 Performance Overview New IFA Index Portfolio 51 Prepared for Joe Sample Year to Date (1/1/2015-7/31/2015) Since Inception (2/3/2010-7/31/2015) Opening Value $1,227, $0.00 Additions $0.00 $968, Withdrawals ($25,776.87) ($175,310.94) Interest $0.00 $9.97 Dividends $5, $102, Gains, Losses, and Expenses $15, $372, Fees for Period ($4,859.36) ($50,887.87) Closing Value $1,217, $1,217, Total Gain for Period $15, $423, Performance (Net of Fees) Year to Date (1/1/2015-7/31/2015) Since Inception (2/3/2010-7/31/2015) Portfolios Total Return Total Return Annual Return Your Dollar-Weighted Rate of Return 1.30 % % 7.12 % Your Time-Weighted Return 1.27 % % 7.01 % Benchmark IFA Index Portfolio 20* 0.59 % % 3.00 % Benchmark IFA Index Portfolio 60* 1.14 % % 7.44 % Benchmark IFA Index Portfolio 100* 1.70 % % % S&P 500 Composite Total Return* 3.01 % % % Russell 2000 Total Return* 3.54 % % % MSCI EAFE Total Return* 3.59 % % 6.06 % *See Notes and Disclosures for more information The IFA Performance Report provides information on all your investments held in the account(s) referenced above. IFA manages your assets based on your investment objectives and goals communicated to IFA by you. Therefore it is important for you to inform IFA promptly anytime there is a change to your overall objectives or financial situation. Past performance is not indicative of future results. 1

3 Current Positions Account: Joe Sample, IRA US Large Company 6.18 % US Large Company - DFA US Large Cap Value DFLVX 2, $34.03 $75, % US Large Company - DFA US Large Company Institutional Idx DFUSX 4, $16.62 $72, % US Large Company - Spartan US Eqty Indx Fid Advantage Class FUSVX $74.23 $16, US Small Company % US Small Company - DFA US Small Cap DFSTX 4, $31.97 $129, % US Small Company - DFA US Targeted Value DFFVX 4, $22.33 $104, REITs 2.86 % REITs - DFA Global Real Estate DFGEX 3, $10.43 $34, International 3.68 % International - DFA International Small Cap Value DISVX 2, $20.15 $44, % International - DFA International Small Company DFISX 1, $18.36 $36, % International - DFA International Value DFIVX 1, $18.32 $31,

4 Current Positions Account: Joe Sample, IRA Emerging Markets 1.51 % Emerging Markets - DFA Emerging Markets DFEMX $23.66 $18, % Emerging Markets - DFA Emerging Markets Small Cap DEMSX 1, $19.68 $28, % Emerging Markets - DFA Emerging Markets Value DFEVX 1, $24.04 $24, Fixed Income % Fixed Income - DFA Five-Year Global Fixed Income DFGBX 12, $11.01 $133, % Fixed Income - DFA Short Term Government DFFGX 14, $10.74 $150, % Fixed Income - DFA One-Year Fixed Income DFIHX 14, $10.32 $154, % Fixed Income - DFA Two-Year Global Fixed Income DFGFX 15, $9.94 $155, Cash 0.50 % Cash - Schwab Money Market Fund SWMXX $6, Account Total: $1,217, Portfolio Total: $1,217, The IFA Performance Report provides information on all your investments held in the account(s) referenced above. IFA manages your assets based on your investment objectives and goals communicated to IFA by you. Therefore it is important for you to inform IFA promptly anytime there is a change to your overall objectives or financial situation. Past performance is not indicative of future results. 3

5 Rebalance Report New IFA Index Portfolio 51 Prepared for Joe Sample Asset Class Current Allocation Target Allocation Percent Variance Current Value Target Value Dollar Variance Cash 0.50 % 0.00 % 0.50 % $6, $0.00 $6, Emerging Markets 5.83 % 6.63 % % $71, $80, ($9,738.13) Fixed Income % % % $594, $596, ($1,947.63) International 9.26 % 9.18 % 0.08 % $112, $111, $ REITs 2.86 % 2.55 % 0.31 % $34, $31, $3, US Large Company % % 1.24 % $164, $148, $15, US Small Company % % % $233, $248, ($14,363.74) Value as of 7/31/2015 Total % % $1,217, $1,217, The IFA Performance Report provides information on all your investments held in the account(s) referenced above. IFA manages your assets based on your investment objectives and goals communicated to IFA by you. Therefore it is important for you to inform IFA promptly anytime there is a change to your overall objectives or financial situation. Past performance is not indicative of future results. 4

6 Notes and Disclosures Time-Weighted return removes the impact of contributions and withdrawals to enable accurate comparisons to benchmarks. Dollar-Weighted return incorporates both timing and amount of your contributions and withdrawals. Time-Weighted return measures IFA's performance as your investment advisor, while the Dollar- Weighted return measures IFA's performance that may be affected by factors outside our control, such as your contributions and withdrawals When the returns of the performance period either begin or end in the middle of a month, the following methodology is used to estimate the returns of the IFA Index Portfolios. The return for a partial month is calculated as the return for the whole month multiplied by the number of days covered in the month divided by the total number of days in the month. If the ending month of the performance period is the month that we are currently in (i.e., returns do not yet exist for the whole month), then the returns shown are to the end of the prior month. The S&P 500 Index and the Russell 2000 Index use daily returns. The MSCI EAFE Index uses prorated returns up to Jan 1, 1999 and daily returns thereafter. Clients are urged to compare the ending balance on the performance report prepared by IFA with the applicable account statement sent by client's custodian. If client notices any discrepancies between the two statements, client should promptly contact IFA. IFA manages your investments based on the answers you agreed to in IFA's risk capacity survey. The survey measures five dimensions of your risk capacity, including your investment time horizon, income, net worth, attitude toward risk and investment knowledge. Therefore, it is important for you to inform IFA promptly if there is a substantive change to your risk capacity, including your financial situation. In such a case, you should take the risk capacity survey again at IFA will assume your goals and objectives as an investor are to maximize your after tax return, given your risk capacity. If your goals or objectives are different or have changed, please let your advisor know immediately. The S&P 500 Total Return Index is widely regarded as a gauge of the large cap U.S. equities market. The index includes 500 leading companies in leading industries of the U.S. economy capturing about 75% coverage of U.S. equities. The Russell 2000 Total Return Index is widely regarded as a gauge of the small cap U.S. equities market. The index includes 2000 smallest companies within the Russell 3000 Index representing approximately 10% of the total market cap of that index. The MSCI EAFE acronym stands for Morgan Stanley Capital International Europe, Australasia, and Far East. The MSCI EAFE Total Return Index is a benchmark of large-cap developed market stocks that are domiciled outside the U.S. and Canada. Unless otherwise noted, index returns reflect the reinvestment of income dividends and capital gains, if any, but do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index. In September 2013, IFA introduced the New IFA Index Portfolios which use the same equity allocation as the Original IFA Index Portfolio 100. IFA Index Portfolio 100 was held the same as it has been since 2000 and became the only 100 percent equity portfolio in the New IFA Index Portfolios. The four fixed income indexes (25% each) remain the same as they have been since 2000 and will make up the fixed income allocation of all New IFA Index Portfolios in the allocation equal to 100-New Index Portfolio #. The number of each New IFA Index Portfolio now equals the percentage of equities in the New IFA Index Portfolio. For example, the New IFA Index Portfolio 60 is 60% equities and 40% fixed income. For the data series used as benchmarks in the performance reports for clients who are in the New IFA Index Portfolios, the monthly returns of the Original IFA Index Portfolios (with the same equity percentage allocations) are used through 8/31/2013, and the monthly returns for the New IFA Index Portfolios are used after 8/31/2013. For example, the data for the Benchmark IFA Index Portfolio 60 uses the Original Index Portfolio 50 data through 8/31/2013 and the New IFA Index Portfolio 60 data thereafter. Please note that full equity Original IFA Index Portfolios from have all been replaced with the Original Index Portfolio 100, which remained the same in the New Index Portfolios. The data series used for Benchmark IFA Index Portfolio 100 are returns for the Original IFA Index Portfolio 90 through 8/31/2013 and the New IFA Index Portfolio 100 thereafter. For more information on the conversion from Original to New IFA Index Portfolios, please see: 5