The investment firm offers asset management, financial planning, and ERISA (Retirement) plan services to clients.

As a fiduciary, FPR is obligated to act in the client’s best interest, and all fees (see Firm Brochure) are negotiable with no account minimums or commission based products.

FPR Investments LLC

Establishes a long-term financial vision and purpose for you, your family, and your wealth.

Employs investment strategies tailored to client goals, risk tolerances, and investment objectives, focusing on strategic asset allocation and tax efficiency.

Offers comprehensive portfolio management services covering security selection, risk management, liquidity planning, rebalancing, reporting, and ongoing monitoring.

Constructs or reconstructs your portfolio with discretionary authority, allowing clients to impose investment restrictions if desired, and never assigning agreements without written consent.

Investing Philosophy

The principles guiding successful investing mirror those of leading a fulfilling life: pursue your passions relentlessly, stay adaptable, and maintain a long-term perspective.

FPR Investments LLC is committed to helping clients navigate the financial markets with these principles at heart.

METHODOLOGY

Net Time-Weighted Return (TWR)

• Used for all managed portfolio returns except Portfolio 7.
• Ideal for evaluating investment manager performance by neutralizing the impact of external cash flows.

Net Simple Return

• Although less precise and not fully accounting for cash flow timing, it provides a reasonable performance estimate.
• Used for Portfolio 7 due to limitations of a different custodian where the funds were held, complexity, and immense number of cash flows in and out of the account.
• Using the Net TWR or even Net Money Weighted Return or the Log Return methodology would not have been much more materially different, it would have not affected any of the other results presented in any way, and likely would have resulted in a higher percent return anyway.

BENCHMARKS

CD (Certificate of Deposit)

• Based on the 5-year CD rate at the corresponding portfolio’s inception, compounded monthly.

Treasuries

• Based on the 10-year Treasury rate at the corresponding portfolio’s inception, with reinvestment at the average yield over the period semiannually, assuming no change in principal value.

Money Market

• Based on the Fidelity Money Market Fund (SPRXX) with monthly dividends reinvested.

Real Estate

• Based on the S&P CoreLogic Case-Shiller U.S. National Home Price Index, a widely recognized measure of U.S. residential real estate prices.
• The index data is typically released with a two-month lag and an estimation was used for Sept. 2024 to Nov. 11, 2024 assuming consistent monthly growth rates based on the latest available data and projections, actual index values may vary due to market conditions.

Traditional Balance

• Based on Schwab MarketTrack Balanced Portfolio™ (SWBGX), factoring in net expense ratio and dividend reinvestment.
• Serves as a proxy for a standard 60/40 stock-to-bond portfolio.

DISCLOSURES & RISKS

Past Performance Not Indicative of Future Results

• No strategy guarantees success or complete protection against loss.
• Future investment results may differ due to various factors such as timing, fees, or individual circumstances.

Risk and Return Considerations

• Risk and return are closely linked; balancing them depends on many factors such as individual risk tolerance and investment duration.
• Investments carry inherent risks, including the potential loss of principal, and investment risk cannot be eliminated, but it can be managed.
• There are differences in risk levels between the different benchmarks and managed portfolios, certain investments may not be suitable to different clients or individuals.

Limitations

• Performance metrics and benchmarks were calculated from the inception of Francis Rivell’s portfolio management through November 11, 2024.
• Benchmarks were chosen to represent common investment alternatives or indices that an investor might consider.
• Benchmarks are for comparison purposes to illustrate how the managed portfolios performed relative to other investment options.
• Benchmarks are based on historical performance of investable assets and do not represent actual portfolios.
• While the benchmarks reflect historical returns, they may not perfectly represent the investment environment or strategies of the portfolios.
• Benchmarks may not account for certain transaction costs, fees, taxes, or individual investor circumstances.
• While strong efforts were made to ensure accuracy, data is sourced from third parties and may contain errors.

Regulatory Compliance

• This presentation aims to comply with relevant regulations, including 17 CFR §275.206(4)-1 Investment adviser marketing.