Important. Projections are hypothetical net results derived from a 20-year validated backtest (2006-2026) cross-validated by two independent frameworks (Claude Code Windows + Google Colab Linux), with subscription fees subtracted using each Sentinel's published rate (see individual Sentinel pages for the rate that applies to each — linked from every card). Hypothetical performance has inherent limitations and does not reflect actual trading. No live customer capital was deployed in producing these figures. Past performance does not guarantee future results. Worst observed drawdown reflects the largest peak-to-trough loss during the backtest period; actual drawdowns in live trading may exceed this. The S&P 500 reference line on each card uses a 10.0% annualized historical total return (1926-2025, dividends reinvested) as a benchmark; future S&P 500 returns are not guaranteed and may differ materially. Fee structure reflects published intent and may be amended with at least 30 days notice. Options trading carries substantial risk and is not suitable for all investors. Each Sentinel executes an SPX or SPY 0DTE iron condor strategy under a fixed rule set; activity ranges from 1 to 10 sequential positions on an active day, or a stand-down day when its filters aren't satisfied — depending on the Sentinel and market conditions. Minimum capital per Sentinel: $25,000 for SPX Sentinels (institutional sizing), $2,500 for SPY Sentinels (retail sizing) — Sovereign's strategy-economics thresholds, not regulatory requirements. Phase 2 strategies (dashed border) pending complete live calibration before customer-facing availability.