For detailed information on the hypothetical backtested performance data in this chart, including sources, updates and important disclosures, see ifcdisclosures.com. The construction of IFC Indexes data starts in 1928 and introduces live mutual fund data of funds that are similar to the preceding index upon the inception date of the funds and uses that monthly mutual fund data up to the current month and are defined in detail at ifcindexes.com. Hypothetical backtested performance of IFC Index Portfolios assumes annual rebalancing of the asset allocation of the component IFC Indexes. The hypothetical backtested performance of the IFC Indexes and IFC Index Portfolios was achieved with the benefit of hindsight; it does not represent actual investment strategies for the entire period; and it does not reflect the impact that economic and market factors may have had on the advisor’s decision making if the advisor were actually managing client money. The performance of index portfolios does reflect the deduction of 0.9% annual investment advisory fee, which is the maximum advisory fee charged by IFC, and mutual fund fees associated with the management of an actual portfolio over the entire period. Unless indicated otherwise, the performance of the IFC Indexes when shown individually, do reflect mutual fund fees, include reinvestment of dividends and capital gains, but do not include IFC advisory fees, transaction costs or taxes. IFC Indexes and IFC Index Portfolios were created by IFC in January 2008.