Source: Channel Capital Research Institute, LLC. Past performance is not an assurance of future results. The performance results shown herein are hypothetical and backtested and are not that of any fund or account managed by Channel Capital Research Institute, LLC. (Does not reflect performance information for any strategy available for investment).

Data for Twin Foundations™ drawn from Datastream, Frank Russell Company, Federal Reserve Bank Reports, and other proprietary databases. Data for Follow the Fed® drawn from Datastream, Standard & Poor's, Kenneth R. French PhD - Data Library, and other proprietary databases. Data for the Hedge Fund Toolbox™ drawn from Datastream, Ryan Labs Inc., MSCI Inc., the Federal Reserve Bank Reports, and other proprietary databases. Market indices include dividends except where noted.

How the Test Results Were Obtained - Channel Capital Research Institute simulated results using closing values for the Nasdaq 100, S&P 500, S&P 400, Russell Midcap Value and Russell 2000 Value indices. Dividends received were included in the overall returns except those returns related to the Nasdaq 100. Interest on cash balances was calculated using 3-month Treasury Bills unless noted otherwise.

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This work is based upon publicly available information and what we have learned as financial journalists. The model results described in this article are purely hypothetical and may have inherent limitations. They may contain errors and you should not make any investment decision based solely on what you read here. It is your money and your responsibility.

No representation is made that any account will or is likely to achieve profits or losses similar to those shown, and there are frequently significant differences between hypothetical performance results and those subsequently achieved by following a particular strategy, which can adversely affect trading results. Unlike an actual performance record, simulated results do not represent actual trading. Also, since trades have not actually been executed, the results may not have compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated investment programs in general are also subject to the fact that they are designed with the benefit of hindsight. This cannot be fully accounted for in the preparation of model performance results. As with all historical data, past performance is not a guarantee of future results. All investments involve risk including loss of principal.