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All returns are annualized and are net of 0.25% annual fees. Portfolio allocations and withdrawals are determined by 2Pi's Financial Planning Engine (FPE). Based on user inputs and market conditions at each point in time, the FPE dynamically adjusts portfolio allocations in the historic simulation. The period for each return ends on the last day of the month indicated in 'End of historic simulation.' The Entire period begins on the last day of the month indicated in 'Beginning of historic simulation.' Data for the equity indices are from Alpha Vantage Inc. and short term U.S. rates are from FRED (Research Division at the Federal Reserve Bank of St. Louis).
S&P 500 - U.S. Large-capitalization equities as represented by the exchange-traded fund, SPY. SPY is the ticker symbol for the SPDR® S&P 500® ETF, an exchange traded fund that tracks the performance of the S&P 500® Index.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”).
Europe/Far East/Australia - Europe, Far East, Australian equities as represented by the exchange-traded fund, EFA. EFA is an exchange-traded fund that seeks to track the investment results of the MSCI EAFE Index, which has been developed by MSCI Inc.
Emerging Equities - Emerging Market equities as represented by the exchange-traded fund, EEM. EEM is an exchange-traded fund that seeks to track the investment results of the MSCI Emerging Markets Index, which is designed to measure equity market performance in the global emerging markets.
Small Cap Equities - U.S. Small-capitalization equities as represented by the exchange-traded fund, IWM. IWM is an exchange-traded fund that seeks to track the investment results of the Russell 2000® Index, which measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell.
Short term U.S. - Return from buying U.S. 1-month Treasury bills and holding until maturity. 2Pi may utilize a Money Market fund that focuses on short term U.S. Treasury securities instead of trading U.S. Treasury securities directly.