Footnotes
- We’ve deducted 9.5 basis points from the annual fees of the SCP 500 total return to align it with the SPY ETF fees.
DISCLAIMER
This document, referred to as the “Review,” is shared by Right Tail Capital LLC ("Right Tail" or the "Firm") solely for informational purposes. It is not intended to be an offer to sell, or a solicitation or recommendation to buy, any securities, investment products, or advisory services offered by the Firm (collectively, the "Offering"). Any such offer or solicitation will be made exclusively to eligible prospective investors through an Investment Advisory Agreement and Form ADV. These documents outline the significant terms related to the Offering, including the various associated risks.
Remember, this Review is meant for general informational use only.
Right Tail Capital ("Right Tail") holds registrations as an Investment Adviser in Virginia and Louisiana. If you’re interested, you can find Right Tail’s Forms ADV I and II on the Investment Adviser Public Disclosure website.
Some of the information presented in this Review is based on data, quotes, documents, and other information sourced from what the Firm considers reliable sources. However, the Firm makes no explicit or implicit guarantee about the fairness, accuracy, completeness, or suitability of the information and opinions presented here. The insights and information we provide are subject to change without prior notice. The content shared on www.RightTailCapital.com, including this report, does not consider the specific investment goals, financial circumstances, or needs of any individual recipient and should not be perceived as an invitation to buy or sell any securities or related financial products. While company fundamentals and earnings might be mentioned occasionally, these should never be interpreted as recommendations to buy, sell, or hold a company’s stock.
Any market predictions, forecasts, or estimates shouldn’t be seen as recommendations to buy, sell, or hold any security, including common stocks, bonds, mutual funds, futures contracts, and exchange-traded funds, among others. Investment strategies managed by Right Tail come with significant risks, and there’s no assurance that the strategy’s goals will be met or that large or total losses will be avoided.
Please note, nothing here is intended to serve as a promise, assurance, or guarantee of the future success of Right Tail’s strategies. Past performance is not indicative of future results.
The images, graphics, logos, and designs used in this Review are believed to be part of the public domain. We have made reasonable efforts to ensure these assets are not copyright-protected. However, if anyone believes this Review violates copyright laws, we urge them to contact the Firm immediately.
Performance figures for the Right Tail Portfolio are based on data from the advisor’s brokerage account, which began investing on May 16, 2022. Note that these figures have not been audited by any third party. Individual account performance can vary greatly due to factors like initial investment date, investment inflows and outflows, account size, fee class, tax considerations, and transaction costs. For accurate account balances and performance, please refer to your personal account statements.
Comparisons to benchmarks like the S&P 500 Index and the SPDR S&P 500 ETF Trust ("SPY Index ETF," "SPY," or "S&P 500 Index ETF") are intended solely for information. The SPY is an ETF that aims to deliver investment results reflecting the price and yield performance of the S&P 500 Index before expenses. The S&P 500 Index is a diverse large-cap U.S. index encompassing companies from all 11 GICS sectors, and may differ significantly from the securities managed by Right Tail in client accounts. Hence, benchmarks such as the S&P 500 Index and the SPY might have limitations in elucidating the risks and uncertainties involved in the investment strategies handled by Right Tail.
Lastly, this Review is not designed to provide, nor should it be relied upon for, accounting, legal, tax advice, or investment recommendations. For specific advice on these matters, you should consult with your own tax, legal, accounting, financial, or other advisors. Anything in this Review related to tax strategies, savings, rates, efficiency, or similar tax statements should not be deemed as an indication of Right Tail’s competence to provide advice or make decisions regarding taxes in any jurisdiction.
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