* The performance shown above is as at 31st May 2018. It is based on back tested data and calculated using the weighted average of the performance of funds included in the relevant Model Portfolios going back five years. For those funds with a shorter history, an index is used as a proxy for the fund performance. The asset allocation between the funds in the Model Portfolio remains static throughout the simulated back test. The returns are gross of MeDirect fees and net of fees charged by the fund managers. The performance is provided for illustrative purposes only and should not be viewed as expected Model Portfolio results. Past performance is not a guarantee of future results.