Performance Disclosures
Performance information for the strategy is back-tested and hypothetical, and does not reflect the returns of any actual investment portfolio(s). Past performance is no indication of future performance.
Important Disclosures
This material is prepared by Live Oak Wealth Management, LLC (Live Oak) for informational purposes only. The performance results provided herein represent the hypothetical back-test of the criteria of the strategy, do not reflect actual trading by Live Oak and do not represent the actual performance achieved by any Live Oak client. Data is obtained from sources that are believed to be reliable.
Live Oak has client accounts for which it trades the model(s). The hypothetical performance results reflect the deduction of an advisory, investment platform, manager fee of 2.00%. This 2.00% fee represents the maximum any Live Oak client could be charged and may not represent actual fees charged to client accounts. The hypothetical performance does not include taxes or other unforeseen fees and expenses that may be incurred by an investor. The hypothetical performance results represent the price return of the investments in the hypothetical portfolio(s). In order to provide more accurate prices that reflect the performance of the underlying assets of mutual funds and exchange traded funds (“ETFs”) closing prices of mutual funds and ETFs are adjusted to correct for any capital gains, dividends, and/or splits. Hypothetical returns reflecting the use of ETFs are calculated based on the ETFs’ sole end-of-day price.
The S&P 500 index is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 companies and covers approximately 80% of available market capitalization. The index results display the total return and assume the reinvestment of all dividends and interest. Investors cannot invest directly in the index and the index returns do not reflect any fees, expenses, or sales charges. The S&P 500 is shown for general market comparison purposes and does not represent the strategy. Past performance is not indicative of future results.
Limitations of Hypothetical Performance Data
The following are limitations inherent in the presented hypothetical back-tested performance results: It is assumed that the securities used in the hypothetical back-tested results were available for purchase or sale during the time period presented and the markets were sufficiently liquid to permit the types of trading used. In addition, back-testing assumes purchase and sale prices believed to be attainable. Trades for the hypothetical returns were not actually executed.
In actual trading, the prices attained may or may not be the same as the assumed order prices due to differences in the time the trades were executed and other factors. Live Oak Wealth Management (Live Oak) 7020 Highway 190, Suite A, Covington, LA 70433 Email: info@liveoakwealthmanagement.com The actual performance achieved by a client account in this strategy may be affected by a variety of factors, including the initial balance of the account, the timing of additions and withdrawals from the account, modifications to the strategy to meet the specific investment needs or preferences of the client, and the duration and timing of the investment, among other factors. Routine maintenance of the strategy—which includes updates to the strategy settings, investment substitutions, and the incorporation of recent market data into computational back-tests, among other adjustments—is performed at regular intervals. Hypothetical back-tested performance also differs from actual performance because, as noted, it is achieved through the retroactive application of screening designed with the benefit of hindsight. As a result, the screening process theoretically can continue to be changed until desired or better performance results are achieved. Further, back-tested screening performance does not represent the impact of technical factors, such as: 1) changes in signals as a result of changes in market data that occur after the cutoff time for trading and 2) the inability to execute trades when desired. In addition, performance results for clients that invest in the strategy will vary from the back-tested screening performance due to, for example, investment cash flows, frequency and precision of rebalancing and tax-management strategies. The results do not represent the impact that material economic and market factors might have on an investment adviser's decision-making process if the adviser were managing client money. Accordingly, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity, money flow and other factors. Back-tested hypothetical returns are dependent on the market and economic conditions that existed during the period. Future market or economic conditions can adversely affect the returns. The hypothetical back-tested characteristics related to positions, position sizes and sector weights might differ materially from actual client portfolio(s).