Disclosures

Notes & Disclaimer: Stockmarket indices, like the S&P 500 Index, are unmanaged groups of securities considered to be representative of the stock market in general or subsets of the market, and their performance is not reflective of the performance of any specific investment. Investments cannot be made directly into an index.Historical returns data are calculated using data provided by sources deemed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. This information is provided"AS IS" without any warranty of any kind. All historical returns data should be considered hypothetical. Past performance is no guarantee of future results.

‍Important Information: ShermanPortfolios, LLC ("SPL") is an investment manager who offers one or more model portfolio strategies to its clients. The returns presented are those of the model portfolio illustrated in this website. and reflect the contemporaneous investment strategy decisions made by SPL’s investment professionals for the performance periods presented. The returns do not reflect the results of the actual trading of any account or group of accounts and are thereby hypothetical in nature. All returns greater than one year are annualized. The returns reflect the reinvestment of dividends and interest. The model is managed by contemporaneously recording hypothetical trades. Such trades are not live trades and are not influenced by emotional or subjective reactions to extraneous market, economic, political and related factors. The returns are based on applicable Sherman Portfolios Strategies. For a complete list of all strategies and corresponding fact sheets, including hypothetical performance returns, please provide your name and email address in the footer above and select ‘See Performance’.The performance returns illustrated do not represent actual client accounts and do not incorporate cash inflows or outflows. Net returns are net of the highest SPL management fee of 0.85%. Returns reflect since inception, one, five, ten year, and inception to date periods, and are reflected in U.S. dollars and assume that dividends are reinvested Model returns are calculated by using the daily percentage change for each position to calculate the model return. In certain cases, the performance may use “substitute” performance for investments that do not have a performance history over the report's entire period. For example, ifa model strategy includes an ETF that has been in existence for only five years in a report showing ten years of performance history, another ETF for the first five years may be substituted for purposes of approximating the performance of the portfolio throughout the entire period. Substituted performance is an additional layer of hypothetical information that will further reduce the accuracy of the results shown, and therefore substituted holdings should be considered approximations for illustrative purposes only. For comparison purposes, model portfolios shown in the factsheets are compared against a balanced benchmark comprised of the S&P 500 and the Aggregate Bond indexes.Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect the reinvestment of dividends and other income. Discretion to choose which benchmark the portfolio is compared against can make the returns we show you appear to be better than if they were compared to a different and more appropriate benchmark.

While SPL believes the Portfolio's historical returns may be representative of future returns, future returns may be materially different for clients depending on a variety of factors including the prevailing market, economy, tax, and political environment, cash flows and the timing of such cash flows, SPL expectations, forecasts, and related factors. During the historical period, inflation, interest rates, and equity returns may be materially different relative to SPL's future expectations of performance. The performance of accounts invested in a particular model strategy may differ from the performance shown for a variety of reasons, including the fees assessed by SPL and other third parties; SPL's decision to exercise its discretion to implement a given strategy in a way that differs from the portfolio; the timing of SPL's implementation of strategy updates; the timing of implementation by the third party investment adviser; investor-imposed investment restrictions; and the timing and nature of investor-initiated cash flow activity in the account. For all of the reasons described above, actual performance may differ substantially from the hypothetical results.

The strategies employed in managing this and other model portfolios may involve algorithmic techniques such as trend analysis, relative strength, moving averages, various momentum, and related strategies. There is no assurance that these strategies and techniques will yield positive outcomes or prevent losses.The performance for such model(s) is derived from a 3rd party portfolio performance provider utilizing a variety of technical trading strategies and techniques. Technical trading models are mathematically driven based upon historical data and trends of domestic and foreign market trading activity, including various industry and sector trading statistics within such markets.Technical trading models utilize mathematical algorithms to attempt to identify when markets are likely to increase or decrease and identify appropriate entry and exit points. The primary risk of technical trading models is that historical trends and past performance cannot predict future trends and there is no assurance that the mathematical algorithms employed are designed properly, new data is accurately incorporated, or the software can accurately predict future market, industry and sector performance. Factsheets are intended to provide an overview of the model portfolios and the presented performance history is not intended to replicate the actual performance of the model portfolios. Rather the factsheet is intended to provide a general framework to understand the concept, strategy and allocation structure employed by SPL in managing the model portfolios.

An investor's personal goals, risk tolerance, income needs, portfolio size, asset allocation and securities preferences, income tax and estate planning strategy should be reviewed and taken into consideration before committing to a specific investment program. Please consult with your financial advisor to discuss the appropriateness of any strategy prior to investing. All investments involve risk. Principal is subject to loss and actual returns may be negative.Returns are not guaranteed in any way and may vary widely from year to year.