Your firm may choose any holdings (including individual equities) for your target model portfolios. Jemstep Advisor Pro will use the actual equities’ historic performance when calculating the back-test chart on the Analysis page. When the individual equity does not have data going back fifteen years, we use a proxy holding of your choice. This proxy holding may be another equity, mutual fund or ETF. The Advisor Pro site uses the returns from the proxy holding to fill in the missing data.
Please note that the proxy holdings are only used in the chart calculations and not for the actual trades. No fund related fees (total annual expense ratio) will apply to that specific equity in the fees chart calculation.