Armstrong Ideal Index Portfolio

Frank Armstrong's seven-fund Ideal Index Portfolio from The Informed Investor (2003) — value-tilted global equities with a large short-term bond anchor.

• Type: Fixed
• Frequency: annually
• Asset classes: US Equity, Small Cap Value, International Equity, REITs, Short-term Treasuries
• Backtest window: 2004-09-29 to 2026-08-06

1Y

17.1%

3Y

43.9%

CAGR

8.6%

Max DD

-16.6%

Sharpe

0.46

Methodology

• Allocate 9% VTV, 9% VBR, 7% SPY, 6% VBK, 31% EFA, 30% SHY, 8% VNQ.

Source: Armstrong, F. (2003). The Informed Investor: A Hype-Free Guide to Constructing a Sound Financial Portfolio, Amacom.

Headline backtest performance as of 2026-08-06.

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