as of Inception (5/1/2011) – 3/31/2018
S&P 500 Total Return Index (SPXT): Standard and Poor’s 500 Total Return Index is a capitalization-weighted index of 500 stocks’ price return and reinvested dividends. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
CBOE S&P 500 BuyWrite Index: The CBOE S&P 500 BuyWrite Index, commonly known as the BXM Index (the “Index”), is designed to measure the total rate of return of a hypothetical “buy-write”, or “covered call”, strategy on the S&P 500® Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500® Index (i.e. purchasing the common stocks included in the S&P 500® Index) and the sale of a succession of one-month, at-the-money S&P 500® Index call options that are listed on the Chicago Board Options Exchange (“CBOE”).
Management fees of 0.50% annually, our highest published fee, have been deducted from the above results. The data for the IRON Equity+ Strategies includes all discretionary portfolios in the composite. In order to be included in the composite, an account must have an initial starting balance of $100,000 or greater. Net returns reflect deduction of management fees on a monthly basis. Actual accounts are charged quarterly in arrears based on the quarter end value adjusted for capital flows. Therefore, all results shown are net of fees on an annualized basis. The advisor’s advisory fees are described in our ADV Part 2. Past performance is not indicative of future results and an investment in the IRON EQUITY PLUS Strategies involves the risk of loss, particularly with respect to short-term performance. The data assumes reinvestment of dividends and interest and includes transaction costs. If dividends and interest were not reinvested, then the above results would be considerably different. Performance results for the above are unaudited.
Investment results shown above are based upon the particular securities selected. The charts, tables, performance and other information shown are provided to you for informational purposes only and are not intended to be and do not constitute investment or tax advice nor an opinion or recommendation regarding the appropriateness of any investment. The information is based upon the particular securities selected by IRON Financial, LLC on the date appearing in the materials. The material contained in this document is for general information purposes and is not intended as an offer or a solicitation for the purchase and/or sale of any security or financial instrument, nor is it advice or a recommendation to enter into any transaction. Future returns may differ significantly from the past due to materially different economic and market conditions. Investments within portfolios, and therefore, portfolios, involve risk and the possibility of loss, including a permanent loss of principal. Actual returns for individual client portfolios managed by Iron Financial, LLC may vary and do not necessarily coincide exactly with the returns for the performance group. Actual performance of client portfolios may differ materially due to the timing related to the actual deployment and investment of a client portfolio, the reinvestment of dividends, length of time various positions are held, client objectives and restrictions, and fees and expenses incurred by the individual portfolio.