Our performance is presented in composites of actual portfolios where returns are based on the weighted average size of portfolio with similar strategies.

INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.

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NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.

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This presentation is offered for informational purposes only and is not a specific offer or solicitation by Lloyds Intrepid LLC to buy or sell any investment product or service. This presentation is not investment advice. All opinions and outlooks are subject to change. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. Investments possess a variety of risks. Equity securities possess more risk than bonds or other debt securities and are particularly subject to fundamental change as well as changes to economic, legal, regulatory, and monetary policy, both in the U.S. and abroad. Smaller and international equities have more risk than large US stocks. Bonds are subject to credit risk, interest rate risk, inflation risk and default risk. Treasury bonds tend to have little credit and default risk but are highly sensitive to changes in interest rates and inflation. Corporate bonds tend to be more sensitive to credit risk and default risk. Municipal bonds typically pay tax exempt interest and despite being government entities are subject to credit risk, interest rate risk, inflation risk and default risk. Mortgage bonds possess credit risks and prepayment risks not found in other bond categories. Investments in real estate are subject to interest rate, default, and economic risk. International investments, either through direct investment, ADRs or funds, possess unique risks associated with currency translation, different accounting standards, and legal risk from operating in a foreign jurisdiction. Commodities possess unique risks that include regulatory risk, high price-volatility risk, along with interest rate risk, inflation risk and credit risk. Portfolio strategies that use asset allocation, diversification, re-balancing, indexing, or security selection do not ensure profit gains or loss avoidance. Indexes are unmanaged and not available for direct investment; index fund performance will differ from index performance due to management fees. Losses will likely occur in declining markets.

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This performance report is generated from the composite returns of actual portfolios. Composites represent the weighted average performance of portfolios that are managed together in a single discretionary strategy. Lloyds Intrepid LLC performance has not been independently verified. All advisory fees, commissions and client paid expenses are reflected in this net-of-fees presentation. Some portfolios are portfolios that pay no fee and have less than $10,000 of value. There are no material factors for comparing returns to benchmarks; each strategy is matched with an appropriate benchmark for comparison. Investment objectives are consistent with the assigned benchmarks. These portfolios have a potential for losses as well as gains. Composites exclude portfolios that have changed model during the measuring period. Dividends and interest are included in portfolio return. Unless noted otherwise, these strategies do not use leverage, derivatives, or short positions, are generally liquid and carry the risks associated with index, mutual fund and exchange-traded-fund investing. Occasionally, these strategies will hold individual stocks. The investment objective for each strategy is to exceed the long-term performance of the associated benchmark. Relative performance represents the arithmetic difference between composite and benchmark performance. Here is a list of our strategies:

 

• Bonds

  • Bond portfolios target an asset allocation of 99% bonds.

• Conservative

  • Conservative Portfolios target an asset allocation of 25% stocks and 75% bonds and cash.

• Moderate Conservative

  • Moderate Conservative portfolios target an asset allocation of 37% stocks and 63% bonds and cash.

• Moderate

  • Moderate portfolios target an asset allocation of 50% stocks and 50% bonds and cash.

• Moderate Aggressive

  • Moderate Aggressive portfolios target an asset allocation of 63% stocks and 37% bonds and cash.

• Aggressive

  • Aggressive portfolios utilize an asset allocation target of 75% stocks and 25% bonds and cash.

• Stocks

  • Stock portfolios target an asset allocation target of 99% stocks.

 

Blended benchmarks are custom benchmarks that are applied to the performance of each named composite and reflect the long-term asset allocation target for each strategy.

• Bond composite benchmark is 100% Bloomberg Barclays Aggregate Bond. The Bloomberg Barclays Aggregate Bond benchmark is used in the blended benchmarks below.

• Stock composite benchmark is 100% S&P 500 total return. The S&P 500 benchmark is used in the blended benchmarks below.

• Conservative composite blended benchmark is 25% stocks and 75% bonds.

• Moderate Conservative composite blended benchmark is 37% stocks and 63% bonds.

• Moderate composite blended benchmark is 50% stocks and 50% bonds.

• Moderate Aggressive composite blended benchmark is 63% stocks and 37% bonds.

Aggressive composite blended benchmark is 75% stocks and 25% bonds.  

    

©2023 by Lloyds Intrepid LLC.