Certain information provided on the U-Nest Inc. (“U-Nest”) website is based on third-party sources which information, although believed to be accurate, has not been independently verified. U-Nest assumes no liability for errors and omissions in the information contained herein. This website information is provided for informational purposes only.
Forward Looking Statements
The presentations included on this website may contain “forward-looking statements” which are based on U-Nest’s beliefs, as well as on assumptions concerning future events, based on information currently available to U-Nest. Current and prospective clients are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of future performance, and are subject to a number of uncertainties and other factors, many of which are outside U-Nest’s control, which could cause actual results to differ materially from such statements. Any forward-looking statements speak only as of the date they are made and U-Nest assumes no duty to and does not undertake to update forward-looking statements.
Hypothetical Performance Disclosure (anywhere projected growth is shown)
The performance results for U-Nest’s 529 plan investment account is based, in part, upon certain hypothetical assumptions which have been compiled by U-Nest. Hypothetical performance results may have inherent limitations, some of which are described below. No representation is being made that a 529 investment account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently significant differences between model or forward-looking projections and performance results subsequently achieved by following a particular strategy. These returns should not be considered as indicative of the skills of the investment adviser. Investments in a 529 plan investment account involve risk including the loss of principal.
Performance Results Presented Net of Fees
The U-Nest website and mobile application contain net-of-fees returns of the U-Nest Model that are managed in accordance with U-Nest’s investment strategy. The net-of-fees returns reflect the deduction of U-Nest’s $3 per month service fee [and other fees such as expense ratios] which collectively reduce returns. The net-of-fee returns do not reflect the reinvestment of dividends and other earnings.
Performance results will vary based upon when an investor would have invested during the period measured. Past performance is not indicative of future results.
Benchmark Definitions and Disclosures
The SPDR S&P 500 Trust is an exchange traded fund that seeks to track the investment results that correspond generally to the price and yield of the common stocks which make up the S&P 500 index. SPDR is an acronym for the Standard & Poor’s Depository Receipts which was the former name of the exchange traded fund. Its ticker symbol is SPY.
The iShares Core U.S. Aggregate Bond ETF is an exchange traded fund that seeks to track the investment results of an index which is composed of the total U.S. investment-grade bond market. This investment vehicle provides broad exposure to U.S. investment grade bonds and can be used to diversify a portfolio with a fixed income component to seek stability and produce income. Its ticker symbol is AGG.
A blended benchmark of SPY and the AGG [9.83% & 0.85% based on 10 year performance from October 2009 to October 2019]. For comparison, the S&P 500 returned 10.8% over the same period according to https://dqydj.com/sp-500-return-calculator/. The numbers represented there exclude inflation and dividends.
You cannot invest directly in an index, which also does not take into account trading commissions and costs. The volatility of the indexes may be materially different from the performance of any U-Nest investment account. The SPY, AGG, or a blend of the two are included merely to show the general trend in the broad equity and bond [fixed income] markets for the periods indicated and are not intended to imply that any portfolio is similar to an index either in composition or element of risk. The indexes are unmanaged and an investment cannot be made directly into any index or blended benchmark presented.
Under the Tax Cuts and Jobs Act of 2017 that went into effect January 1, 2018, distributions from 529 plans can now be used to pay up to $10,000 of tuition per beneficiary each year at an elementary or secondary (“K-12”) public, private or religious school of the beneficiary’s choosing. However, U-Nest is focused on college distributions, and may not be appropriate if a beneficiary is expected (or may expect) to begin taking distributions for K-12 expenses. The 529 Plan investment choices are designed to take into account a beneficiary’s age and the number of years before the beneficiary is expected to attend higher education and is NOT designed for saving for K-12 expenses.
Past performance is no guarantee of future results.