The IFA Index Calculator

84.33 Years (1,012 months) of 140 Index Portfolios; and 20 IFA Indexes
141,680 Monthly Returns - A Worldwide Exclusive - Only at IFA.

Compare the past risk and return of your current investments to the IFA Individualized Index Portfolio recommended at the end of your Risk Capacity Survey, the S&P 500 Simulated Index, or 20 other IFA indexes. The Index Portfolio recommended at the end of your survey would be an approximate benchmark of your risk and return.

Your Risk Capacity Survey results will be reviewed by an Index Funds Advisor.

If you have month to month data over a time period where you had no cash inflows or outflows, you can compare the annual returns, standard deviations and ending dollar values of your investments to a risk-appropriate Index Portfolio over a similar time period by filling in the data below. If you have access to other index (ETF or mutual fund) or actively managed fund data, you can compare those to the IFA indexes. Twenty years is the minimum period for meaningful comparisons.

You may also look at long-term data with a Glide Path risk adjustment over time, also referred to as Buy and Glide. When you check the box in front of "Glide Path", data is adjusted to reflect the annual shift down to one index portfolio of lower risk over the time period specified. IFA considers this risk reduction appropriate as investors age. To put your IFA Index Portfolio on a Glide Path, call IFA at 888-643-3133 and ask for an investment advisor.

1. Select an:

	IFA Index Portfolio:	100 (Highest Risk) 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 (Lowest Risk) FI - Fixed Income	Glide Path (Reduces risk one Index Portfolio each year.)
	IFA SRI Index Portfolio:	100 (Highest Risk) 95 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 (Lowest Risk)	Socially Responsible Investing
	IFA EC Index Portfolio:	100 (Highest Risk) 95 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 (Lowest Risk)	Environmentally Conscious
	IFA Index1	LC - IFA U.S. Large Company Index LV - IFA U.S. Large Value Index SC - IFA U.S. Small Company SV - IFA U.S. Small Value Index RE - IFA Real Estate Securities Index IV - IFA International Value Index IS - IFA International Small Company Index ISV - IFA International Small Cap Value Index EM - IFA Emerging Markets Index EV - IFA Emerging Markets Value Index ES - IFA Emerging Small Cap Index 1F - IFA 1 Year Fixed Income Index 2F - IFA 2 Year Global Fixed Income Index 3G - IFA Short Term Government Index 5F - IFA 5 Year Global Fixed Income Index N - IFA NSDQ Index LG - IFA U.S. Large Growth Index SG - IFA U.S. Small Growth Index TM - IFA Total U.S. Market Index ESC - IFA Emerging Market Social Core Index SP - S&P 500

2. Select a date range From: January 1 February 1 March 1 April 1 May 1 June 1 July 1 August 1 September 1 October 1 November 1 December 1 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928   To: January 31 February 28 March 31 April 30 May 31 June 30 July 31 August 31 September 30 October 31 November 30 December 31 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928

3. Enter Beginning Value: $

4. Inflation and/or Tax Adjustment
Returns Adjusted for Inflation (CPI)
Returns Adjusted for Federal Taxes²

(35% for interest and short-term gains. 15% for qualified dividends and long-term gains.)

5. Select an annual addition withdrawal by³:

% Rule takes 4.5% of initial balance and adjusts that amount for inflation over the period (Max is 10%).
Percentage (Max is 25%)	% (No adjustment for inflation).   Show annual return without impact of additions or withdrawals (time-weighted)
Dollar Amount	$ Adjust amount for inflation
Note: The returns shown below will reflect the impact of percentage additions or withdrawals only, not dollar amount addition or withdrawals. However, growth of dollar amount does reflect dollar addition or withdrawals.

6. Chart Options

View Data
Annual Periods (Only available for date ranges beyond 5 years)
Monthly Periods See the Chart in Log Scale.

7. Click to

 

Chart Data

Color Button Legend for 20 IFA Index Portfolios and 20 IFA Indexes (click on buttons for definitions)

- Bright Red - Purple - Green - Aqua - Light Turquoise - Gold - Dark Teal - Sea Green - Pale Blue - Light Yellow - IFA U.S. Large Company Index - IFA Real Estate Securities Index - IFA Emerging Markets Index - IFA 2 Yr Global Fixed Income Index - IFA Total Market Index - IFA U.S. Large Value Index - IFA Int'l Value Index - IFA Emerging Markets Value Index - IFA Short Term Government Index - IFA Large Growth Index - IFA U.S. Small Company Index - IFA Int'll Small Company Index - IFA Emerging Small Cap Index - IFA 5 Yr Global Fixed Income Index - IFA Small Growth Index - IFA U.S. Small Cap Value Index - IFA Int'l Small Cap Value Index - IFA 1 Yr Fixed Income Index   -IFASimSP500 Index   - IFA-NSDQ Index - IFA U.S. Micro Cap Company Index

FOOTNOTES:

¹When IFA Indexes are shown in IFA Index Portfolios, all returns data reflects a deduction of 0.9% annual investment advisory fee, which is the maximum IFA fee. Your fee may be less depending on assets under management at IFA. Fee reductions can be reflected in the calculator by selecting "Addition" in the drop down menu in Section 5, and setting the Percentage amount to the difference from 0.9%. So a fee of 0.8% could be calculated by adding 0.1%. Unless indicated otherwise, data shown for each individual IFA Index is shown without a deduction of the IFA advisory fee. We choose this method because the creation, choice, monitoring and rebalancing of diversified index portfolios are the services of the independent investment advisor and at that point the fees are appropriate to deduct from the whole portfolio returns. Since we accept no fees from investment product firms, IFA compares index funds based on net asset value returns, which are net of the mutual fund company expense ratios only.

The annualized standard deviation number is presented as an approximation by multiplying the monthly standard deviation by the square root of twelve (3.464), the number of periods in a year. Note that the standard deviation computed from annual data may differ materially from this estimate. Returns of the twenty IFA Index Portfolios are shown net of IFA and DFA fees, and returns of the fifteen IFA indexes are shown net of DFA fees only. IFA Indexes have been constucted net of typical mutual fund fees. Backtested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational purposes to indicate historical performance had the Index Portfolios been available over the relevant period. IFA did not offer the Index Portfolios until November 1999. For a complete explanation of backtested performance, please click and read this button: .

²After-tax returns are net of federal taxes only, and they exclude the impact of capital gains resulting from liquidation and rebalancing. Where possible, the after-tax returns supplied by DFA for the standard (non-tax-managed) funds are shown. These returns can be materially different from actual after-tax returns experienced by clients with tax-managed funds. The primary purpose of having this data on the returns calculator is to facilitate an estimate of the impact of federal taxes on returns. For periods prior to the existence of the DFA mutual funds, the pre-tax returns of the IFA Indexes with an estimated adjustment for the impact of taxes are used. A 35% rate is applied to distributions of interest income and short-term capital gains. A 15% rate is applied to distributions of qualified dividends and long-term capital gains. After-tax returns are not available for the first 11 months of current year, because the majority of the tax impact occurs in December, due to capital gains and dividend distributions.

³Both percentage and dollar amount addition or withdrawals are assumed to occur monthly at the end of each month.

⁴IFA Index and Index Portfolio data based on starting value of one, as of Jan 1, 1928. Sources and Disclosures: ifabt.com, dfaus.com & yahoo.com.