Any results portrayed throughout this web site reflect actual fee paying accounts performance of the
strategy discussed therein for the identified time period. Any results portrayed reflect the
investment of dividends and other earnings and the deduction of costs including advisory fees
paid to LBS Capital Management, Inc. LBS believes performance shown was generated with an
investment philosophy and a methodology similar to that described therein, which it would expect
to use for the investment of future client portfolios in the described strategy. Future
investments, however, will be made under different economic conditions and potentially in
different securities than were used during the time discussed herein. This time period contained
significant volatility that provided the opportunity for results that may not be achieved in
the future. The benchmark indices shown are broad-based measurements of changes in the
performance of the stocks comprising the index. These indices are unmanaged and do not
reflect any expenses, trading costs or reinvestment of dividends that may have been paid
by securities in that index. Direct investing in an index is not possible.
Strategy returns may be more volatile than benchmark indices. Furthermore, the performance
discussed herein reflects investments for a limited period of time and does not reflect
performance in different economic or market cycles. It should not be assumed that future
investors would experience returns, if any, comparable to those discussed herein. The
information given is historic and should not be taken as any indication of future performance.
Investment return and account value will vary so that at any given time your account may
have a gain or loss. Market volatility can significantly impact short-term performance.
Results of an investment made today may differ substantially from the performance shown.
The possibility of loss always exists.
