Fund Descriptions

The following information shows the funds that Index Fund Advisors has selected and how each fund's time series is constructed. IFA has selected the composition of funds used in its portfolios. Where a fund's live track record does not cover the full period shown, earlier periods are represented by a predecessor fund or share class, spliced together at the dates indicated in each Time-Series Construction.

Fund data reflects the deduction of each fund's expense ratio but does not reflect a deduction of IFA's advisory fee. Fund Portfolios reflect a deduction of all fund fees plus the maximum 0.90% annual IFA investment advisory fee. This is because the selection of the fund composition, along with the monitoring and rebalancing of diversified portfolios, are the services of the independent investment advisor; therefore, the advisory fee is deducted from the whole-portfolio data but not from the individual fund data.

Data reflects total returns, including the reinvestment of dividends and capital gains, unless stated otherwise.