The Gold Portfolio is a Very High Risk portfolio and can be implemented with 1 ETF.
It's exposed for 0% on the Stock Market and for 100% on Commodities.
In the last 30 Years, the Gold Portfolio obtained a 5.43% compound annual return, with a 15.42% standard deviation.
Asset Allocation and ETFs
The Gold Portfolio has the following asset allocation:
The Gold Portfolio can be implemented with the following ETFs:
Weight | Ticker | ETF Name | Investment Themes | |
---|---|---|---|---|
100.00 % | GLD | SPDR Gold Trust | Commodity, Gold |
Portfolio and ETF Returns
The Gold Portfolio guaranteed the following returns.
Portfolio returns are calculated in USD, assuming:
- No fees or capital gain taxes
Chg (%) | Return (%) | Return (%) as of Jun 30, 2022 |
|||||||
---|---|---|---|---|---|---|---|---|---|
1 Day | Time ET(*) | Jul 2022 | 1M | 6M | 1Y | 5Y(*) | 10Y(*) | 30Y(*) | |
Gold Portfolio | -2.20 | -2.28 | -1.57 | -1.46 | 1.71 | 7.38 | 0.82 | 5.43 | |
US Inflation Adjusted return | -1.57 | -5.30 | -5.45 | 3.64 | -1.60 | 2.88 | |||
Components | |||||||||
GLD SPDR Gold Trust |
-2.20 |
03:00PM Jul 05 2022 |
-2.28 | -1.57 | -1.46 | 1.71 | 7.38 | 0.82 | 5.43 |
US Inflation is updated to May 2022. Waiting for updates, inflation of Jun 2022 is set to 0%. Current inflation (annualized) is 1Y: 7.57% , 5Y: 3.61% , 10Y: 2.46% , 30Y: 2.47%
Historical Returns as of Jun 30, 2022
Historical returns and stats of Gold Portfolio. Total Returns and Inflation Adjusted Returns are both mentioned.
Period | Return (%) as of Jun 2022 |
Return (%) Infl.Adj. |
Standard Deviation (%) |
Max Drawdown (%) |
Months Pos - Neg |
---|---|---|---|---|---|
1M
Jun 2022
|
-1.57
|
-1.57
|
-1.57
Jun 2022 - Jun 2022
|
0 - 1
|
|
3M
|
-6.75
|
-7.95
|
-6.75
Apr 2022 - Jun 2022
|
0 - 3
|
|
6M
|
-1.46
|
-5.30
|
-6.75
Apr 2022 - Jun 2022
|
2 - 4
|
|
YTD
|
-1.46
|
-5.30
|
-6.75
Apr 2022 - Jun 2022
|
2 - 4
|
|
1Y
|
1.71
|
-5.45
|
9.45
|
-6.75
Apr 2022 - Jun 2022
|
5 - 7
42% pos
|
3Y(*)
|
8.14
|
3.48
|
14.70
|
-13.74
Aug 2020 - Mar 2021
|
17 - 19
47% pos
|
5Y(*)
|
7.38
|
3.64
|
12.88
|
-13.74
Aug 2020 - Mar 2021
|
29 - 31
48% pos
|
10Y(*)
|
0.82
|
-1.60
|
14.66
|
-40.97
Oct 2012 - Dec 2015
|
54 - 66
45% pos
|
15Y(*)
|
6.63
|
4.24
|
17.43
|
-42.91
Sep 2011 - Dec 2015
|
92 - 88
51% pos
|
20Y(*)
|
8.66
|
6.06
|
16.78
|
-42.91
Sep 2011 - Dec 2015
|
127 - 113
53% pos
|
25Y(*)
|
6.66
|
4.13
|
16.26
|
-42.91
Sep 2011 - Dec 2015
|
155 - 145
52% pos
|
30Y(*)
|
5.43
|
2.88
|
15.42
|
-42.91
Sep 2011 - Dec 2015
|
183 - 177
51% pos
|
MAX(*)
01 Jan 1972
|
7.50
|
3.41
|
19.84
|
-61.78
Oct 1980 - Aug 1999
|
313 - 293
52% pos
|
Capital Growth as of Jun 30, 2022
The Inflation Adjusted Capital now would be 2345.03$, with a net total return of 134.50% (2.88% annualized).
The Inflation Adjusted Capital now would be 5424.56$, with a net total return of 442.46% (3.41% annualized).
Drawdowns
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-42.91% | Sep 2011 | Dec 2015 | 52 | Jul 2020 | 55 | 107 |
-37.17% | Feb 1996 | Aug 1999 | 43 | Dec 2003 | 52 | 95 |
-25.83% | Mar 2008 | Oct 2008 | 8 | May 2009 | 7 | 15 |
-13.74% | Aug 2020 | Mar 2021 | 8 | in progress | 15 | 23 |
-11.51% | Aug 1993 | Sep 1993 | 2 | Jan 1996 | 28 | 30 |
-8.64% | Dec 2004 | May 2005 | 6 | Sep 2005 | 4 | 10 |
-8.63% | May 2006 | Sep 2006 | 5 | Feb 2007 | 5 | 10 |
-8.45% | Aug 1992 | Feb 1993 | 7 | May 1993 | 3 | 10 |
-8.37% | Dec 2009 | Jan 2010 | 2 | May 2010 | 4 | 6 |
-8.31% | Apr 2004 | Apr 2004 | 1 | Oct 2004 | 6 | 7 |
-6.38% | Jan 2011 | Jan 2011 | 1 | Mar 2011 | 2 | 3 |
-5.22% | Jun 2009 | Jun 2009 | 1 | Sep 2009 | 3 | 4 |
-5.09% | Jul 2010 | Jul 2010 | 1 | Aug 2010 | 1 | 2 |
-4.90% | Jan 2004 | Feb 2004 | 2 | Mar 2004 | 1 | 3 |
-4.20% | May 2007 | Jun 2007 | 2 | Sep 2007 | 3 | 5 |
-4.18% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 |
-1.65% | Nov 2007 | Nov 2007 | 1 | Dec 2007 | 1 | 2 |
-1.11% | Mar 2007 | Mar 2007 | 1 | Apr 2007 | 1 | 2 |
-1.11% | Feb 2006 | Feb 2006 | 1 | Mar 2006 | 1 | 2 |
-0.64% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 |
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-61.78% | Oct 1980 | Aug 1999 | 227 | Apr 2007 | 92 | 319 |
-44.24% | Jan 1975 | Aug 1976 | 20 | Jul 1978 | 23 | 43 |
-42.91% | Sep 2011 | Dec 2015 | 52 | Jul 2020 | 55 | 107 |
-25.83% | Mar 2008 | Oct 2008 | 8 | May 2009 | 7 | 15 |
-24.27% | Feb 1980 | Mar 1980 | 2 | Jun 1980 | 3 | 5 |
-20.49% | Jul 1973 | Oct 1973 | 4 | Jan 1974 | 3 | 7 |
-20.28% | Nov 1978 | Nov 1978 | 1 | Feb 1979 | 3 | 4 |
-16.62% | Apr 1974 | Jun 1974 | 3 | Nov 1974 | 5 | 8 |
-13.74% | Aug 2020 | Mar 2021 | 8 | in progress | 15 | 23 |
-8.37% | Dec 2009 | Jan 2010 | 2 | May 2010 | 4 | 6 |
-6.88% | Aug 1972 | Nov 1972 | 4 | Feb 1973 | 3 | 7 |
-6.38% | Jan 2011 | Jan 2011 | 1 | Mar 2011 | 2 | 3 |
-6.01% | Jul 1980 | Jul 1980 | 1 | Sep 1980 | 2 | 3 |
-5.22% | Jun 2009 | Jun 2009 | 1 | Sep 2009 | 3 | 4 |
-5.09% | Jul 2010 | Jul 2010 | 1 | Aug 2010 | 1 | 2 |
-4.46% | Mar 1979 | Mar 1979 | 1 | May 1979 | 2 | 3 |
-4.20% | May 2007 | Jun 2007 | 2 | Sep 2007 | 3 | 5 |
-4.18% | May 2011 | Jun 2011 | 2 | Jul 2011 | 1 | 3 |
-3.84% | Oct 1979 | Oct 1979 | 1 | Nov 1979 | 1 | 2 |
-1.65% | Nov 2007 | Nov 2007 | 1 | Dec 2007 | 1 | 2 |
Rolling Returns ( more details)
Gold Portfolio: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
9.82 |
179.42 Feb 1979 - Jan 1980 |
-37.71 Apr 1981 - Mar 1982 |
41.34% |
2 Years |
8.29 |
92.76 Feb 1978 - Jan 1980 |
-30.30 Jul 1980 - Jun 1982 |
39.79% |
3 Years |
7.15 |
70.26 Feb 1977 - Jan 1980 |
-15.32 Nov 1980 - Oct 1983 |
36.95% |
5 Years |
6.31 |
36.39 Oct 1975 - Sep 1980 |
-14.69 Mar 1980 - Feb 1985 |
33.82% |
7 Years |
6.01 |
38.74 Feb 1973 - Jan 1980 |
-6.75 Feb 1980 - Jan 1987 |
36.14% |
10 Years |
5.28 |
24.75 Jan 1972 - Dec 1981 |
-5.99 Jul 1980 - Jun 1990 |
27.10% |
15 Years |
5.01 |
15.89 May 1972 - Apr 1987 |
-3.63 Feb 1980 - Jan 1995 |
24.82% |
20 Years |
4.42 |
11.03 Jan 1972 - Dec 1991 |
-4.36 Oct 1980 - Sep 2000 |
14.17% |
If you need a deeper detail about rolling returns, please refer to the Gold Portfolio: Rolling Returns page.
Seasonality
Gold Portfolio: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Win % |
1.78 53% |
1.22 53% |
-0.49 41% |
0.61 49% |
0.94 49% |
0.04 49% |
0.68 56% |
0.91 58% |
1.44 56% |
0.06 48% |
0.70 54% |
1.27 54% |
Best Year |
27.5 1980 |
28.8 1973 |
14.4 1985 |
12.9 1982 |
26.5 1973 |
22.0 1980 |
10.8 2020 |
20.0 1982 |
26.1 1979 |
11.7 1978 |
12.8 2009 |
23.2 1979 |
Worst Year |
-14.1 1981 |
-18.2 1983 |
-22.4 1980 |
-8.3 2004 |
-10.0 1982 |
-11.1 1981 |
-9.1 1976 |
-10.5 1973 |
-11.6 1975 |
-16.1 2008 |
-20.3 1978 |
-10.7 2011 |
Monthly/Yearly Returns
Gold Portfolio monthly and yearly returns: how is the distribution of the returns recorded so far?
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2022 |
-1.46 | -5.30 | -1.7 | 6.1 | 1.3 | -2.1 | -3.3 | -1.6 | ||||||
2021 |
-4.15 | -10.50 | -3.2 | -6.3 | -1.1 | 3.6 | 7.7 | -7.1 | 2.5 | -0.1 | -3.2 | 1.5 | -0.7 | 3.3 |
2020 |
+24.81 | +23.24 | 4.5 | -0.6 | -0.2 | 7.3 | 2.6 | 2.7 | 10.8 | -0.3 | -4.2 | -0.5 | -5.4 | 7.0 |
2019 |
+17.86 | +15.25 | 2.9 | -0.6 | -1.6 | -0.7 | 1.8 | 8.0 | 0.0 | 7.9 | -3.4 | 2.6 | -3.2 | 3.7 |
2018 |
-1.94 | -3.78 | 3.2 | -2.1 | 0.6 | -1.0 | -1.2 | -3.6 | -2.2 | -2.1 | -0.7 | 2.1 | 0.3 | 4.9 |
2017 |
+12.81 | +10.46 | 5.4 | 3.2 | -0.4 | 1.7 | -0.1 | -2.2 | 2.3 | 4.2 | -3.4 | -0.7 | 0.4 | 2.1 |
2016 |
+8.03 | +5.86 | 5.4 | 10.9 | -0.8 | 5.1 | -6.1 | 9.0 | 2.0 | -3.3 | 0.7 | -2.9 | -8.4 | -1.9 |
2015 |
-10.67 | -11.24 | 8.7 | -5.9 | -2.2 | -0.2 | 0.6 | -1.5 | -6.6 | 3.7 | -1.8 | 2.3 | -6.8 | -0.5 |
2014 |
-2.19 | -2.82 | 3.4 | 6.3 | -3.1 | 0.5 | -3.1 | 6.3 | -3.6 | 0.4 | -6.2 | -3.1 | -0.5 | 1.3 |
2013 |
-28.33 | -29.40 | -0.5 | -5.1 | 0.9 | -7.6 | -6.2 | -11.1 | 7.4 | 5.2 | -4.8 | -0.3 | -5.5 | -3.8 |
2012 |
+6.60 | +4.76 | 11.4 | -3.0 | -1.3 | -0.1 | -6.3 | 2.4 | 0.8 | 4.9 | 4.7 | -2.9 | -0.5 | -2.4 |
2011 |
+9.57 | +6.31 | -6.4 | 6.0 | 1.6 | 8.9 | -1.8 | -2.4 | 8.4 | 12.3 | -11.1 | 5.9 | 1.7 | -10.7 |
2010 |
+29.27 | +27.44 | -1.3 | 3.3 | -0.4 | 5.9 | 3.1 | 2.4 | -5.1 | 5.7 | 4.8 | 3.7 | 2.1 | 2.4 |
2009 |
+24.03 | +20.63 | 5.5 | 1.4 | -2.5 | -3.3 | 10.2 | -5.2 | 2.4 | 0.1 | 5.8 | 3.7 | 12.8 | -7.2 |
2008 |
+4.92 | +4.95 | 10.8 | 5.2 | -6.0 | -4.2 | 0.9 | 4.5 | -1.4 | -9.3 | 4.1 | -16.1 | 12.6 | 7.7 |
2007 |
+30.45 | +25.31 | 2.6 | 2.5 | -1.1 | 2.1 | -2.3 | -1.9 | 2.4 | 1.1 | 10.5 | 7.0 | -1.7 | 6.6 |
2006 |
+22.55 | +19.53 | 9.9 | -1.1 | 3.6 | 12.0 | -1.3 | -4.7 | 3.2 | -1.4 | -4.5 | 1.3 | 6.9 | -1.8 |
2005 |
+17.76 | +13.96 | -3.6 | 3.1 | -1.6 | 1.2 | -3.9 | 4.3 | -1.4 | 1.4 | 7.6 | -0.6 | 5.8 | 5.1 |
2004 |
+4.65 | +1.26 | -4.0 | -1.0 | 7.0 | -8.3 | 1.2 | 0.6 | -1.1 | 4.0 | 2.1 | 2.4 | 6.5 | -3.9 |
2003 |
+19.89 | +17.50 | 5.8 | -5.5 | -3.6 | 0.6 | 7.3 | -4.3 | 2.5 | 5.9 | 3.3 | -0.5 | 3.1 | 4.5 |
2002 |
+25.57 | +22.53 | 2.1 | 5.2 | 1.5 | 2.3 | 6.0 | -2.5 | -4.3 | 2.7 | 3.5 | -2.1 | 0.7 | 8.8 |
2001 |
+0.75 | -0.84 | -3.6 | 0.8 | -3.4 | 2.1 | 1.7 | 1.2 | -1.7 | 2.7 | 7.4 | -4.9 | -1.2 | 0.4 |
2000 |
-5.44 | -8.58 | -2.4 | 3.7 | -5.8 | -0.6 | -1.0 | 5.8 | -4.0 | 0.1 | -1.2 | -3.3 | 1.7 | 2.0 |
1999 |
+0.85 | -1.78 | -0.8 | 0.6 | -2.6 | 2.6 | -6.3 | -2.8 | -2.1 | -0.3 | 17.3 | 0.0 | -2.6 | -0.4 |
1998 |
-0.83 | -2.40 | 5.0 | -2.4 | 1.2 | 3.2 | -5.5 | 0.9 | -2.5 | -5.3 | 7.5 | -0.5 | 0.8 | -2.3 |
1997 |
-21.41 | -22.72 | -6.4 | 3.8 | -2.9 | -2.3 | 1.6 | -3.2 | -2.5 | -0.3 | 2.1 | -6.2 | -4.7 | -2.2 |
1996 |
-4.59 | -7.71 | 4.8 | -1.2 | -1.1 | -1.3 | -0.2 | -2.2 | 0.9 | 0.3 | -1.9 | 0.1 | -2.2 | -0.6 |
1995 |
+0.98 | -1.51 | -2.2 | 0.4 | 4.1 | -0.6 | -1.4 | 0.7 | -1.0 | -0.3 | 0.4 | -0.4 | 1.3 | -0.2 |
1994 |
-2.17 | -4.65 | -3.5 | 1.0 | 2.0 | -3.3 | 3.0 | 0.2 | -1.1 | 0.5 | 2.4 | -2.8 | -0.2 | 0.0 |
1993 |
+17.68 | +14.46 | -0.7 | -0.9 | 3.1 | 4.9 | 6.5 | 0.3 | 6.2 | -7.5 | -4.3 | 4.0 | 0.4 | 5.6 |
1992 |
-5.73 | -8.45 | 0.3 | -0.3 | -3.2 | -1.6 | 0.3 | 1.7 | 4.2 | -5.0 | 2.6 | -2.8 | -1.5 | -0.4 |
1991 |
-8.56 | -11.20 | -5.2 | -0.9 | -1.9 | 0.6 | 0.7 | 2.2 | -1.5 | -4.3 | 2.2 | 0.7 | 2.5 | -3.6 |
1990 |
-3.11 | -8.81 | 4.1 | -1.8 | -9.6 | -0.2 | -1.3 | -3.0 | 5.7 | 4.1 | 5.3 | -7.1 | 1.4 | 0.4 |
1989 |
-2.84 | -7.15 | -4.0 | -1.8 | -1.0 | -1.5 | -4.2 | 3.1 | -1.3 | -2.3 | 1.9 | 2.4 | 8.8 | -2.3 |
1988 |
-15.26 | -18.84 | -5.4 | -7.0 | 7.2 | -1.7 | 1.4 | -4.2 | 0.1 | -2.1 | -7.3 | 4.0 | 2.5 | -2.9 |
1987 |
+24.53 | +19.36 | 3.0 | 1.3 | 3.7 | 7.7 | -0.5 | -0.8 | 3.4 | -2.0 | 1.3 | 2.0 | 5.1 | -1.7 |
1986 |
+18.96 | +17.56 | 7.3 | -3.5 | 1.7 | 0.5 | -0.7 | 1.0 | 3.1 | 7.6 | 10.0 | -5.2 | -2.9 | -0.2 |
1985 |
+6.00 | +2.13 | -0.5 | -6.2 | 14.4 | -2.4 | -2.3 | 1.2 | 3.1 | 1.8 | -2.3 | -0.2 | 0.1 | 0.5 |
1984 |
-19.38 | -22.51 | -2.3 | 5.5 | -1.5 | -3.3 | 2.2 | -2.9 | -8.2 | 1.7 | -1.3 | -3.0 | -1.3 | -6.3 |
1983 |
-16.31 | -19.36 | 9.3 | -18.2 | 1.5 | 3.5 | 1.9 | -4.9 | 1.4 | -1.8 | -2.2 | -5.7 | 6.0 | -5.6 |
1982 |
+14.94 | +10.71 | -2.6 | -6.3 | -11.7 | 12.9 | -10.0 | -2.4 | 8.0 | 20.0 | -3.5 | 6.6 | 3.0 | 4.8 |
1981 |
-32.60 | -38.11 | -14.1 | -3.5 | 5.1 | -6.0 | -0.7 | -11.1 | -4.7 | 4.7 | 0.9 | -0.4 | -2.9 | -4.1 |
1980 |
+15.19 | +2.52 | 27.5 | -2.5 | -22.4 | 4.8 | 3.4 | 22.0 | -6.0 | 2.8 | 5.6 | -5.7 | -1.5 | -4.8 |
1979 |
+126.55 | +100.03 | 3.4 | 7.5 | -4.5 | 2.2 | 11.9 | 1.1 | 6.8 | 6.3 | 26.1 | -3.8 | 8.8 | 23.2 |
1978 |
+37.01 | +25.71 | 6.5 | 3.7 | -0.4 | -5.9 | 7.8 | -0.6 | 9.4 | 4.2 | 4.0 | 11.7 | -20.3 | 16.9 |
1977 |
+22.64 | +14.96 | -1.6 | 7.9 | 4.3 | -1.1 | -2.9 | 0.0 | 0.8 | 1.3 | 5.5 | 4.8 | -0.9 | 3.1 |
1976 |
-4.10 | -8.70 | -8.6 | 3.2 | -2.0 | -0.9 | -2.3 | -1.4 | -9.1 | -7.6 | 11.5 | 6.2 | 5.8 | 3.3 |
1975 |
-24.80 | -29.80 | -5.7 | 3.4 | -2.5 | -5.8 | 0.0 | -0.4 | 0.3 | -4.1 | -11.6 | 1.2 | -3.3 | 1.5 |
1974 |
+66.15 | +48.22 | 18.0 | 22.6 | 6.5 | -2.2 | -7.4 | -8.0 | 8.1 | 0.0 | -3.0 | 10.4 | 10.2 | 1.4 |
1973 |
+72.96 | +58.76 | 1.7 | 28.8 | 5.9 | 0.8 | 26.5 | 7.4 | -6.2 | -10.5 | -3.4 | -2.0 | 3.1 | 11.1 |
1972 |
+49.02 | +44.12 | 8.3 | 2.2 | 0.4 | 2.5 | 19.9 | 8.7 | 5.6 | -2.1 | -4.0 | 0.3 | -1.2 | 2.0 |
Portofolio Returns, up to December 2004, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets, instead of the actual ETFs of the portfolio.
In particular, it has been used:
- GLD - SPDR Gold Trust: simulated historical serie, up to December 2004
Portfolio efficiency
Is the Gold Portfolio actually efficient, compared to other Lazy Portfolios?
Overall Ratings
The Gold Portfolio is classified as Very High Risk.
Less than 25%
25% - 49.99%
50% - 74.99%
At least 75%
Very High Risk Portfolios |
All Portfolios |
||
---|---|---|---|
25 Years Ann. Return (Inflation Adjusted) |
+6.66%
(+4.13%) |
Poor : 1 / 5
|
Average : 2.6 / 5
|
Standard Deviation over 25 Years |
16.26% |
Average : 2.9 / 5
|
Bad : 1.9 / 5
|
Maximum Drawdown over 25 Years |
-42.91% |
Excellent : 5 / 5
|
Average : 2.2 / 5
|
Easy to manage | 1 ETF |
Excellent : 5 / 5
|
Excellent : 5 / 5
|
Rating assigned considering all the Very High Risk Portfolios | Rating assigned considering all the Portfolios in the database |
Best Classic Portfolios, with Very High Risk
30 Years Stats (%) |
% Allocation |
|||||||
---|---|---|---|---|---|---|---|---|
Portfolio | Jul 2022 | Return▾ | Drawdown | Stocks | Bonds | Comm | ||
Technology |
+1.92 | +13.42 | -81.08 | 100 | 0 | 0 | ||
US Stocks |
+0.85 | +9.81 | -50.84 | 100 | 0 | 0 | ||
Warren Buffett Portfolio Warren Buffett |
+0.84 | +9.38 | -45.52 | 90 | 10 | 0 | ||
Aggressive Global Income |
-0.51 | +9.37 | -52.63 | 80 | 20 | 0 | ||
Stocks/Bonds 80/20 |
+0.89 | +9.06 | -41.09 | 80 | 20 | 0 |
Last update: Jul 05 2022, 03:00PM Eastern Time.