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Explore how alternative investments can impact a portfolio with Perl Haven Allocation Pro, powered by iCapital Architect. Compare and analyze portfolios with and without an allocation to alternative investments. Get started by selecting portfolio investment objectives or by creating custom portfolios.
1. Source: Allocations are based on the view and opinions of Perl Haven Analysts and are subject to change. For illustrative purposes only.
Any analysis or information presented is intended for illustrative purposes only and should not be relied upon as a forecast, prediction, projection, guarantee, research, recommendation or advice of any kind, including investment, tax, accounting, or legal advice. Nothing herein is intended to be a recommendation of any specific security or investment strategy or to meet the investment objectives or needs of any specific investor. Any decision based upon the output and information contained on this Analysis Tool are the sole responsibility of the user.
Investment objectives have been provided for illustrative purposes only and do not represent all possible investment objectives. The table below describes the asset allocation and risk tolerance assumptions and criteria considered in determining the illustrative investment objective portfolios discussed herein:
• Conservative: Illustrative portfolios designed to pursue capital preservation and income generation.
• Moderate: Illustrative portfolios designed to pursue capital appreciation and income generation.
• Aggressive: Illustrative portfolios designed to pursue capital appreciation.
• Income: Illustrative portfolios designed to pursue income generation.
2. Performance information generated by Perl Haven Allocation Pro, powered by iCapital Architect, regarding the historical performance of various investment outcomes is hypothetical in nature, does not reflect actual investment results and is not intended to predict the performance of the portfolio being analyzed and is not a guarantee of future results. Performance information is premised on several assumptions and has certain inherent limitations, as described herein. Because of the incorporation of proxy performance, among other things, the estimates shown may differ materially from actual investments. Hypothetical performance results have certain inherent limitations. Unlike an actual performance record, hypothetical results do not represent actual investment results. Hypothetical performance results set forth herein are based on a number of assumptions (not all of which are described herein) which may or may not be accurate, and therefore actual returns may be substantially less than those illustrated. Simulated investment programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made by the inclusion of any hypothetical illustration presented herein that the returns for any investment will achieve similar results.
Historical performance available on the site is based on third-party indices, described in "Proxies Disclosures". THIS HISTORICAL, INDEX PERFORMANCE IS NOT ACTUAL PERFORMANCE BUT IS PROXY PERFORMANCE AND MAY DIFFER MATERIALLY FROM ACTUAL PERFORMANCE.
Proxy performance consists of the performance of indices that are intended to be representative of an actual investment in the asset class being analyzed. Proxy performance is not actual, historical performance of any financial instrument. Proxy performance also does not reflect any fees and expenses of an actual financial instrument.
The proxy instruments available on the Site are subject to change in the discretion of iCapital and/or Perl Haven.
Proxy performance has many inherent limitations, and no representation is being made that any investment strategy has, will or is likely to achieve returns similar to proxy performance. There is no guarantee that a proxy will be representative of the historical or future performance of the investment objective being proxied or the industry, sector or fund type represented by the proxy. Numerous factors, such as the use of assumptions and historical market returns and data, make calculations and analysis uncertain, and there are frequently sharp differences between hypothetical proxy performance results and the actual results achieved by any particular investment program. One of the limitations of hypothetical performance results generally (including proxy performance) is that they are generally prepared with the benefit of hindsight or may otherwise reflect a hindsight bias. In addition, hypothetical performance does not involve actual financial risk or investment decisions, and no hypothetical investment record can completely account for the impact of actual financial risk in actual investments, such as the ability to withstand losses or adhere to a particular investment program in spite of losses, which can adversely affect actual investment results. There are numerous other factors related to the markets in general or to the implementation of any specific investment program in particular which cannot be fully accounted for in the use of proxy performance results – all of which can adversely affect actual investment results, and none of which are accounted for in the Charts or their resulting data.
The proxy assets may not be representative of the asset class or product sector as a whole, or any particular financial instrument.
Proxies Disclosures:
The Site provides users with the ability to analyze a portfolio of "Traditional Proxies" (based on indices provided by Bloomberg) and "Alt Proxies" (based on alternative benchmarks powered by Preqin), powered by iCapital Architect. A portfolio for analysis may include the following proxies from the Site database.
"Equity" Asset Class:
"Public Equity" - Bloomberg US Large Cap Net Return Index ("US Large Cap Equity"); Bloomberg World ex US Large & Mid Cap Net Return Index ("International Equity"); Bloomberg Emerging Markets Large & Mid Cap Net Return Index ("Emerging Markets Equity"); Bloomberg US 3000 Net Return Index ("US Small Cap Equity").
"Private Equity" - Preqin Private Equity Index ("Private Equity"); Preqin Secondaries Index ("Secondaries").
"Hedge Fund" - Preqin Hedge Funds Multi Strategy Index ("Multi-Strategy Hedge Fund").
"Real Estate" - Bloomberg US 3000 REIT Net Return Index ("Public Real Estate").
"Credit" Asset Class:
"Public Fixed Income" - Bloomberg US Agg Total Return Value Unhedged USD Index ("Core Fixed Income"); Bloomberg US Corporate 1-3 Yr Total Return USD Unhedged Index ("Short-Term Bonds"); Bloomberg US Corporate Total Return Value Unhedged USD Index ("Investment Grade Corporates:"); Bloomberg US Corporate High Yield Total Return Value Unhedged USD Index ("High Yield Corporates"); Bloomberg Municipal Bond Total Return Value Unhedged USD Index ("Investment Grade Municipals"); Bloomberg US Municipal High Yield Total Return USD Unhedged Index ("High Yield Municipals").
"Private Credit" - Preqin Private Debt Index ("Private Credit").
"Real Assets" Asset Class:
"Real Estate" - Bloomberg US 3000 REIT Net Return Index ("Public Real Estate"); Preqin Private Real Estate Index ("Private Real Estate").
"Infrastructure" - Preqin Infrastructure Index ("Private Infrastructure").
Source Disclosures:
Bloomberg Fixed Income: Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material or guarantee the accuracy or completeness of any information herein, nor does Bloomberg make any warranty, express or implied, as to the results to be obtained therefrom, and, to the maximum extent allowed by law, Bloomberg shall not have any liability or responsibility for injury or damages arising in connection therewith.
Bloomberg Equities: Source: Bloomberg Index Services Limited. BLOOMBERG® and the indices referenced herein (the "Indices", and each such index, an "Index") are service marks of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg") and/or one or more third-party providers (each such provider, a "Third-Party Provider") and have been licensed for use for certain purposes to INSTITUTIONAL CAPITAL NETWORK, INC. (the "Licensee"). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third-party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors, including a Third-Party Provider, approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither Bloomberg nor Bloomberg’s licensors, including a Third-Party Provider, shall have any liability or responsibility for injury or damages arising in connection therewith.
Preqin Indices: Source: Alternative benchmarks powered by Preqin.
3. Cumulative Return is the cumulative return of the investment over the relevant period.
4. Annualized Return is the total return of the investment, expressed as an annually compounded rate of return.
5. Annualized Volatility is an annualized measure of deviation from the annualized return of the investment.
6. Max Drawdown is the greatest loss of value that the investment experienced over the relevant period. Date Of Drawdown is the time interval when the max drawdown for the investment occurred.
7. The Growth Chart is premised on several assumptions and has certain inherent limitations, as described herein. Because of the incorporation of proxy performance, among other things, the estimates shown may differ materially from actual performance of any investment program or instrument.
The Growth Chart calculates the aggregate cumulative value of a hypothetical $100,000 investment for the time period selected by the user, assuming the full amount is invested on the start date and the portfolio allocation remains steady.
The Growth Chart uses proxy index performance for all asset classes.
Portfolio-level performance is calculated based on the weight of each proxy index. The weight of each proxy index in a portfolio is held constant by rebalancing the portfolio holdings quarterly. The Growth Chart does not account for the effect of any portfolio-level fees and expenses that may apply, such as account management fees.
iCapital and/or Perl Haven may change, alter or replace the Growth Chart or this Methodology in its discretion at any time upon notice in the form of a revised Growth Chart or Methodology made available on the Site.
8. The Past Market Event Analysis is premised on several assumptions and has certain inherent limitations, as described herein. Because of the incorporation of proxy performance, among other things, the estimates shown may differ materially from actual performance of any investment program or instrument.
The Past Market Event Analysis calculates the aggregate historical performance of a proxy portfolio during specified historical scenarios, assuming the full amount is invested on the start date of a historical market scenario and the portfolio allocation remains steady for the relevant period.
The Past Market Event Analysis uses historical performance of proxy indices.
Portfolio-level performance is calculated based on the weight of each proxy index in the portfolio. The Past Market Event Analysis does not account for the effect of any portfolio-level fees and expenses that may apply, such as account management fees.
Historical market scenarios are assumed to start on the first date of the calendar quarter in which the applicable market event begins and to end on the last date of the calendar quarter in which the market event concludes (which may be the same quarter as the start of the market event).
iCapital and/or Perl Haven may change, alter or replace the Past Market Event Analysis or this Methodology in its discretion at any time upon notice in the form of a revised Past Market Event Analysis or Methodology made available on the Site.
Perl Haven Allocation Pro (the "Analysis Tool"), powered by iCapital Architect, is intended to provide certain analytics and comparative charts ("Charts") as a tool to analyze illustrative investment objectives in sample portfolios. The Analysis Tool is being provided for informational purposes only and is not a recommendation or an offer or solicitation to buy or sell any security, financial product or instrument, or otherwise to participate in any particular trading strategy. Certain elements of the Analysis Tool depend on user input and may vary by user. None of Perl Haven, Inc. or any of its subsidiaries (collectively, "Perl Haven") accepts any liability for losses arising from the use of the Analysis Tool.
Any analysis or information presented is intended for illustrative purposes only and should not be relied upon as a forecast, prediction, projection, guarantee, research, recommendation or advice of any kind, including investment, tax, accounting, or legal advice. Nothing herein is intended to meet the investment objectives or needs of specific investors. Any decision based upon the output and information contained on this Analysis Tool are the sole responsibility of the user.
All financial and market data utilized is subject to change at any time without notice, and therefore results presented by the Charts may vary with each use and over time.
The information provided should not be construed as a solicitation, offer, endorsement or recommendation to acquire or dispose of any investment, or engage in any other transaction or investment strategy, and the information on the Analysis Tool does not constitute investment advice or advertising.
In considering any data contained herein, the recipient should bear in mind that past, or hypothetical performance is not indicative of future results, and there can be no assurance of achieving comparable results or that targets will be met or that substantial or complete losses will be avoided in respect of actual investments.
Further, unless otherwise indicated, historical performance utilized or displayed for the purposes of analysis does not account for factors that would impact actual investments, such as the reinvestment of dividends or the deduction of expenses and fees that would be incurred in the management or trading of securities or other assets, including, but not limited to, account fees, custody, trading, brokerage, account-level advisory or management fees or commissions, or fees or expenses of the underlying securities or other assets, as applicable - all of which would reduce performance returns of actual investments.
This information is strictly for illustrative, educational, or informational purposes and should not be treated as research. This material does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interests in any investment managed by Perl Haven. It is not an invitation by or on behalf of Perl Haven to any person to buy or sell any security or to adopt any investment strategy, and shall not form the basis of, nor may it accompany nor form part of, any right or contract to buy or sell any security or to adopt any investment strategy.
The views and opinions expressed in this material are the views and opinions of Perl Haven Analysts and are subject to change at any time without notice. Perl Haven has not made any representation or warranty, expressed or implied, with respect to fairness, correctness, accuracy, reasonableness, or completeness of any of the information contained herein (including but not limited to information obtained from third parties unrelated to Perl Haven), and expressly disclaims any responsibility or liability therefore.
The information and analysis made available on the Analysis Tool are hypothetical in nature do not reflect actual investment results and is not intended to predict the performance of the portfolio being analyzed and is not a guarantee of future results. Hypothetical performance results have certain inherent limitations. Unlike an actual performance record, hypothetical results do not represent actual investment results. Hypothetical performance results set forth herein are based on a number of assumptions (not all of which are described herein) which may or may not be accurate, and therefore actual returns may be substantially less than those illustrated. No representation is being made by the inclusion of any hypothetical illustration presented herein that the returns for any investment will achieve similar results. Simulated investment programs in general are also subject to the fact that they are designed with the benefit of hindsight.
Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such.
Proxy index performance are shown for illustrative purposes only and have limitations when used for comparison or for other purposes due to, among other matters, volatility, credit or other factors (such as number of investments, recycling or reinvestment of distributions, and types of assets). It is not possible to directly invest in one or more of these proxy indices and the holdings of any strategy may differ markedly from the holdings of any such proxy index in terms of levels of diversification, types of securities or assets represented and other significant factors. Indices are unmanaged, do not charge any fees or expenses, assume reinvestment of income and do not employ special investment techniques such as leveraging or short selling. No such index is indicative of the future results of any strategy or investment.
Past performance is not indicative nor a guarantee of future returns.
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