The Traditional Portfolio represents a custom blend calculated by Citizen Mint of the S&P 500 Index and Bloomberg US Aggregate Bond Index from Q3 2002 to Q3 2022 at different stock and bond weightings (increments of 10%). Financial indices assume the reinvestment of dividends and do not reflect the impact of fees, taxes and other expenses. Indices are unmanaged, and you cannot make a direct investment in an index. Indices data was reviewed and aggregated from Ycharts.
The net annualized IRR for an allocation to private capital funds is based on an endowment style allocation methodology determined by Citizen Mint. It consists on
a custom blend of historical performance data calculated by Citizen Mint. Allocations
to private market assets classes were as follows: private credit (25%), private infrastructure (25%), private real estate (25), US private equity (17.5%), and US venture capital (7.5%). Data sources for each of these asset classes were as follows: private credit – Cliffwater Direct Lending Index Q3 2002 to Q3 2022, private infrastructure – Burgess / Cohen & Steers Q3 2002 to Q3 2022, private real estate/US private equity/US venture capital – Cambridge Associates Q3 2002 to Q3 2022. The calculation takes a proportionate allocation from bonds and stocks when allocating to privates. All calculations are based on unaudited internal calculations and are subject to change. Numbers represented are rounded to the nearest decimal.
