NewMeet Ruth, Vendr's AI negotiator

Hyperproof

hyperproof.io

$43,890

Avg Contract Value

21.15%

Avg Savings
Hyperproof

Hyperproof

hyperproof.io

$43,890

Avg Contract Value

21.15%

Avg Savings

How much does Hyperproof cost?

Median buyer pays
$43,890
per year
Based on data from 39 purchases, with buyers saving 21% on average.
Median: $43,890
$25,220
$70,360
LowHigh

Introduction

Hyperproof is a compliance operations platform designed to help organizations manage risk, audit, and compliance workflows in a centralized system. The platform supports frameworks like SOC 2, ISO 27001, GDPR, and HIPAA, offering tools for evidence collection, control monitoring, audit management, and cross-functional collaboration. Hyperproof's pricing is structured around user tiers and feature sets, with costs varying based on the number of users, frameworks managed, and deployment requirements.


Evaluating Hyperproof or planning a purchase?

Vendr's pricing analysis agent uses anonymized contract data to show what similar companies typically pay and where negotiation leverage exists—whether you're estimating budget, comparing options, or reviewing a quote. Explore Hyperproof pricing with Vendr.


This guide combines Hyperproof's published pricing with Vendr's dataset and analysis to break down Hyperproof pricing in 2026, including:

  • Transparent pricing by tier and user count
  • What buyers commonly pay across different deployment sizes
  • Hidden costs like implementation, integrations, and premium support
  • Negotiation levers that create pricing flexibility
  • How Hyperproof compares to alternatives like Vanta, Drata, and Secureframe

Whether you're evaluating Hyperproof for the first time or preparing for renewal, this guide is designed to help you budget accurately and negotiate with clearer market context.

How much does Hyperproof cost in 2026?

Hyperproof pricing is based on a subscription model with costs determined by the number of users, the tier or plan selected, and the number of compliance frameworks managed. The platform offers tiered pricing that scales with organizational needs, from small teams managing a single framework to enterprise organizations managing multiple compliance programs across departments.

Core pricing components:

  • User-based licensing: Pricing scales with the number of named users who need access to the platform
  • Framework scope: The number of compliance frameworks (e.g., SOC 2, ISO 27001, GDPR) impacts pricing
  • Tier selection: Feature sets vary by tier, with higher tiers offering advanced automation, integrations, and reporting
  • Contract term: Annual contracts are standard, with multi-year commitments often yielding discounts
  • Implementation and onboarding: Professional services for setup, configuration, and training are typically quoted separately

Hyperproof does not publish list pricing publicly. Pricing is provided through direct sales engagement and varies based on deployment size, feature requirements, and negotiation. Based on Vendr transaction data, buyers should expect pricing to range from mid-four figures annually for small teams to six figures for enterprise deployments with multiple frameworks and advanced features.

What does each Hyperproof tier cost?

Hyperproof offers multiple tiers designed to serve different organizational maturity levels and compliance needs. While exact tier names and feature boundaries may evolve, the platform generally structures pricing around core, professional, and enterprise levels.

How much does the Core/Essentials tier cost?

Pricing Structure:

The entry-level tier is designed for small teams or organizations managing a single compliance framework. Pricing is based on a per-user model with a minimum user count, typically starting around 5–10 users. This tier includes basic compliance workflow management, evidence collection, and control tracking.

Observed Outcomes:

Buyers in this tier often achieve below-list pricing, particularly when committing to annual contracts or bundling onboarding services. Volume discounts are less common at this level due to smaller user counts, but multi-year commitments can yield pricing flexibility.

Benchmarking context:

See what similar teams pay for Hyperproof's entry tier, including percentile-based ranges and observed discount patterns for new purchases versus renewals.

How much does the Professional/Growth tier cost?

Pricing Structure:

The mid-tier plan is designed for growing organizations managing multiple frameworks or requiring deeper integrations with tools like Jira, ServiceNow, and cloud platforms. Pricing scales with user count and framework scope, with typical deployments ranging from 10–50 users.

Observed Outcomes:

Buyers in this tier commonly negotiate discounts when committing to multi-year terms or expanding user counts during the initial contract. Volume-based pricing adjustments become more relevant at this level, and buyers often achieve pricing below initial quotes by anchoring to budget constraints or competitive alternatives.

Benchmarking context:

Based on anonymized Hyperproof transactions in Vendr's platform, buyers with 15–30 users often secure pricing that reflects volume considerations and term-length flexibility. Get your custom Hyperproof price estimate to see how your scope compares to recent deals.

How much does the Enterprise tier cost?

Pricing Structure:

The enterprise tier is designed for large organizations managing multiple compliance programs, requiring advanced automation, custom integrations, API access, dedicated support, and multi-tenant or role-based access controls. Pricing is highly customized based on user count (often 50+ users), number of frameworks, and deployment complexity.

Observed Outcomes:

Enterprise buyers typically negotiate the most significant discounts, particularly when bundling multi-year commitments, prepayment, or large user volumes. Pricing flexibility increases with deal size, and buyers often achieve meaningful reductions by leveraging competitive evaluations or renewal timing.

Benchmarking context:

Vendr data shows that enterprise buyers with 50+ users and multiple frameworks often achieve lower pricing than initial quotes through structured negotiation and clear budget anchoring. Compare Hyperproof enterprise pricing with Vendr to understand where your quote sits relative to recent market outcomes.

What actually drives Hyperproof costs?

Understanding the variables that influence Hyperproof pricing helps buyers budget accurately and identify negotiation opportunities. The following factors have the most significant impact on total contract value:

  • Number of users: Hyperproof pricing scales directly with the number of named users. Volume discounts typically apply at higher user counts, and buyers should clarify whether pricing is tiered (e.g., different rates for different user bands) or linear.

  • Number of frameworks managed: Organizations managing multiple compliance frameworks (e.g., SOC 2, ISO 27001, GDPR, HIPAA) may incur higher costs due to increased platform usage and complexity. Some pricing models charge per framework or bundle a set number of frameworks within a tier.

  • Tier and feature set: Higher tiers include advanced features like custom integrations, API access, advanced reporting, and workflow automation. Buyers should evaluate whether premium features are necessary or if a lower tier meets current needs.

  • Contract term length: Multi-year contracts (2–3 years) often unlock lower annual pricing compared to single-year agreements. Buyers should weigh the savings against flexibility and potential future changes in requirements.

  • Implementation and professional services: Onboarding, configuration, training, and ongoing consulting are typically quoted separately. These costs can range from a few thousand dollars for basic setup to significant five-figure investments for complex enterprise deployments.

  • Integrations and add-ons: Connecting Hyperproof to third-party tools (e.g., Jira, ServiceNow, AWS, Azure, Google Cloud) may require additional configuration or premium-tier access. Buyers should clarify which integrations are included and which incur extra costs.

  • Support level: Standard support is typically included, but premium or dedicated support options (e.g., faster response times, dedicated customer success managers) may be available at additional cost.

What hidden costs and fees should you plan for?

Beyond the base subscription, Hyperproof deployments often involve additional costs that buyers should account for during budgeting and negotiation:

  • Implementation and onboarding fees: Professional services for platform setup, framework configuration, and user training are typically quoted separately. Costs vary based on deployment complexity, number of frameworks, and level of customization required. Buyers should request a detailed scope of work and negotiate these fees alongside the subscription.

  • Integration setup and configuration: Connecting Hyperproof to existing tools (e.g., ticketing systems, cloud platforms, identity providers) may require additional professional services or premium-tier access. Buyers should clarify which integrations are included in the base tier and which require extra investment.

  • Data migration: Organizations transitioning from another compliance platform or manual processes may incur costs for data migration, evidence import, and historical record setup. Buyers should negotiate migration support as part of the initial contract.

  • Premium support or customer success: While standard support is typically included, dedicated customer success managers, faster SLA response times, or priority support may be available at additional cost. Buyers should evaluate whether these services are necessary or if standard support is sufficient.

  • User expansion fees: Adding users mid-contract may trigger pro-rated charges or require contract amendments. Buyers should clarify the process and pricing for user additions and negotiate flexibility for anticipated growth.

  • Framework expansion: Adding new compliance frameworks (e.g., expanding from SOC 2 to include ISO 27001 or GDPR) may incur additional costs depending on the pricing model. Buyers should understand how framework additions are priced and whether volume discounts apply.

  • Training and ongoing enablement: Beyond initial onboarding, ongoing training for new users or advanced feature enablement may be offered as paid services. Buyers should clarify what training is included and what requires additional investment.

  • Annual price increases: Renewal contracts often include annual price escalations (e.g., 3–7% per year). Buyers should negotiate caps on annual increases or lock in flat pricing for multi-year terms.

What do companies typically pay for Hyperproof?

Hyperproof pricing varies widely based on deployment size, tier, and negotiation. While the platform does not publish list pricing, Vendr's dataset provides directional guidance on what buyers commonly pay across different scenarios.

Small teams (5–15 users, single framework):

Organizations in this range typically deploy Hyperproof's entry-level tier to manage a single compliance framework like SOC 2 or ISO 27001. Buyers often achieve pricing that reflects volume considerations and term-length commitments, with multi-year agreements yielding lower annual costs.

Mid-sized teams (15–50 users, multiple frameworks):

Buyers in this segment commonly deploy the professional or growth tier, managing 2–3 compliance frameworks with deeper integrations and automation. Volume-based pricing adjustments become more relevant, and buyers often secure discounts through competitive evaluations or budget anchoring.

Enterprise deployments (50+ users, multiple frameworks, advanced features):

Large organizations managing complex compliance programs across multiple frameworks and departments typically deploy the enterprise tier. These buyers often achieve the most significant discounts through multi-year commitments, prepayment, or large user volumes.

Benchmarking context:

Based on anonymized Hyperproof transactions in Vendr's platform, buyers with 20+ users and multi-year commitments often achieve lower pricing than initial quotes through structured negotiation and clear budget positioning. See what similar companies pay for Hyperproof to understand where your quote compares to recent market outcomes.

How do you negotiate Hyperproof pricing?

Hyperproof pricing is negotiable, and buyers who prepare carefully and leverage market context often secure meaningfully better outcomes. The following strategies are based on anonymized Hyperproof deals in Vendr's dataset and reflect tactics that have proven effective across a range of company sizes and contract structures.

1. Engage early and establish budget constraints

Hyperproof sales teams are more flexible when buyers engage early in the evaluation process and clearly communicate budget constraints. Anchoring to a realistic budget range (informed by market data) creates a framework for negotiation and signals that the buyer is informed and prepared.

Benchmarking context:

Vendr's pricing benchmarks provide percentile-based ranges that help buyers anchor to realistic pricing targets based on similar deployments.


 

2. Leverage multi-year commitments for lower annual pricing

Hyperproof, like most SaaS vendors, offers lower annual pricing in exchange for multi-year commitments (typically 2–3 years). Buyers should evaluate whether the savings justify reduced flexibility and negotiate the best possible annual rate in exchange for term length.

Vendr data shows that buyers committing to 2–3 year terms often achieve lower annual pricing compared to single-year agreements, particularly when combined with prepayment or volume commitments.


 

3. Negotiate implementation and professional services fees

Implementation, onboarding, and training fees are often quoted separately and are negotiable. Buyers should request detailed scopes of work, compare quotes across vendors, and negotiate these fees alongside the subscription. In some cases, vendors will reduce or waive professional services fees to close a deal, particularly for larger contracts.


 

4. Use competitive alternatives as leverage

Hyperproof competes with platforms like Vanta, Drata, Secureframe, and OneTrust. Buyers actively evaluating alternatives or willing to explore them often achieve better pricing by signaling that the decision is not yet final. Competitive pressure is most effective when buyers can credibly demonstrate that alternatives meet their requirements.


 

5. Clarify and negotiate user expansion and framework addition pricing

Buyers should understand how mid-contract user additions and framework expansions are priced and negotiate flexibility upfront. Locking in favorable rates for anticipated growth or framework additions can prevent costly amendments later.


 

6. Negotiate caps on annual price increases

Renewal contracts often include annual price escalations (e.g., 3–7% per year). Buyers should negotiate caps on these increases or lock in flat pricing for the duration of a multi-year term to avoid unexpected cost growth.


 

7. Time negotiations around fiscal periods

Hyperproof, like most vendors, faces quarterly and annual sales targets. Buyers negotiating near the end of a fiscal quarter or year often have more leverage, as sales teams are incentivized to close deals before the period ends.


Negotiation Intelligence

These insights are based on anonymized Hyperproof deals in Vendr's dataset across a wide range of company sizes and contract structures. Buyers can explore these insights directly using Vendr's free pricing and negotiation tools:

  • Pricing benchmarks: Vendr's pricing analysis agent surfaces target price ranges, percentile-based benchmarks, and comparable deals for your specific Hyperproof deployment scope.

  • Competitive context: Compare Hyperproof to alternatives to understand how Hyperproof pricing and terms stack up against Vanta, Drata, Secureframe, and other compliance platforms for similar requirements.

  • Negotiation guidance: Vendr's negotiation playbooks provide supplier-specific tactics, timing considerations, and leverage points tailored to your deal type (new purchase versus renewal).

How does Hyperproof compare to competitors?

Hyperproof operates in a competitive compliance operations market alongside platforms like Vanta, Drata, Secureframe, and OneTrust. The following comparisons focus on pricing structures and cost drivers to help buyers evaluate alternatives objectively.

Hyperproof vs. Vanta

Pricing comparison

Pricing componentHyperproofVanta
List/negotiated pricingNot publicly listed; pricing provided through sales engagement. Buyers often achieve discounts through multi-year commitments and volume.Not publicly listed; pricing provided through sales engagement. Buyers commonly negotiate discounts for annual prepayment and multi-year terms.
Contract minimumTypically requires minimum user count (5–10 users) depending on tier.Typically requires minimum user count; exact minimums vary by tier and framework scope.
Implementation/onboardingQuoted separately; costs vary based on deployment complexity and framework count.Quoted separately; costs vary based on deployment size and integration requirements.
Estimated total (20 users, SOC 2)Buyers often achieve pricing in the mid-to-high five figures annually, depending on tier and term length.Buyers often achieve pricing in the mid-to-high five figures annually, with volume and term-length discounts common.

Pricing notes

  • Both platforms use user-based pricing models with costs scaling based on user count, framework scope, and tier selection.
  • In observed Vendr transactions, both vendors commonly negotiate below initial quotes for multi-year commitments or competitive evaluations.
  • Vanta is often positioned as a more automated, developer-friendly platform, while Hyperproof emphasizes cross-functional collaboration and workflow customization. Pricing differences often reflect feature set and deployment complexity rather than strict cost advantages.

Benchmarking context:

Based on Vendr transaction data, buyers evaluating both platforms should compare total cost of ownership, including implementation, integrations, and ongoing support. Compare Hyperproof and Vanta pricing with Vendr to see how recent deals compare for your specific scope.

 

Hyperproof vs. Drata

Pricing comparison

Pricing componentHyperproofDrata
List/negotiated pricingNot publicly listed; pricing provided through sales engagement. Discounts common for multi-year terms and volume.Not publicly listed; pricing provided through sales engagement. Buyers often negotiate discounts for annual prepayment and larger deployments.
Contract minimumTypically requires minimum user count (5–10 users) depending on tier.Typically requires minimum user count; exact minimums vary by tier and framework scope.
Implementation/onboardingQuoted separately; costs vary based on deployment complexity and framework count.Quoted separately; costs vary based on deployment size and integration requirements.
Estimated total (20 users, SOC 2)Buyers often achieve pricing in the mid-to-high five figures annually, depending on tier and term length.Buyers often achieve pricing in the mid-to-high five figures annually, with volume and term-length discounts common.

Pricing notes

  • Both platforms use user-based pricing models with costs scaling based on user count, framework scope, and tier selection.
  • Drata is often positioned as a more automated, continuous compliance platform with strong integrations, while Hyperproof emphasizes workflow flexibility and cross-functional collaboration.
  • Based on anonymized transactions in Vendr's platform, both vendors show similar discount patterns for multi-year commitments and competitive evaluations.

Benchmarking context:

Vendr data shows that buyers evaluating both platforms should focus on total cost of ownership, including implementation, integrations, and ongoing support, rather than base subscription pricing alone. Compare Hyperproof and Drata pricing with Vendr to understand how your quote compares to recent market outcomes.

 

Hyperproof vs. Secureframe

Pricing comparison

Pricing componentHyperproofSecureframe
List/negotiated pricingNot publicly listed; pricing provided through sales engagement. Discounts common for multi-year terms and volume.Not publicly listed; pricing provided through sales engagement. Buyers often negotiate discounts for annual prepayment and multi-year terms.
Contract minimumTypically requires minimum user count (5–10 users) depending on tier.Typically requires minimum user count; exact minimums vary by tier and framework scope.
Implementation/onboardingQuoted separately; costs vary based on deployment complexity and framework count.Quoted separately; costs vary based on deployment size and integration requirements.
Estimated total (20 users, SOC 2)Buyers often achieve pricing in the mid-to-high five figures annually, depending on tier and term length.Buyers often achieve pricing in the mid-to-high five figures annually, with volume and term-length discounts common.

Pricing notes

  • Both platforms use user-based pricing models with costs scaling based on user count, framework scope, and tier selection.
  • Secureframe is often positioned as a more streamlined, automation-focused platform, while Hyperproof emphasizes workflow customization and cross-functional collaboration.
  • In observed Vendr transactions, both vendors commonly negotiate discounts for multi-year commitments, competitive evaluations, and volume.

Benchmarking context:

Based on Vendr transaction data, buyers evaluating both platforms should compare total cost of ownership, including implementation, integrations, and ongoing support. Compare Hyperproof and Secureframe pricing with Vendr to see how recent deals compare for your specific scope.

 


Hyperproof pricing FAQs

Finance & Procurement FAQs

What discounts are available for Hyperproof?

Based on Hyperproof transactions in Vendr's database over the past 12 months:

  • Multi-year commitments (2–3 years) often yield lower annual pricing compared to single-year agreements.
  • Volume discounts become more relevant at higher user counts, with buyers deploying 30+ users often achieving lower pricing than initial quotes.
  • Prepayment discounts (annual upfront payment versus monthly billing) can yield additional savings.
  • Competitive evaluations create leverage, particularly when buyers are actively comparing Hyperproof to Vanta, Drata, or Secureframe.

Negotiation guidance:

Vendr's negotiation playbooks provide supplier-specific tactics and timing considerations to help buyers maximize discounts based on their deal type and leverage.


How much should I budget for Hyperproof implementation and onboarding?

Based on anonymized Hyperproof transactions in Vendr's platform:

  • Small deployments (5–15 users, single framework) typically incur implementation and onboarding costs in the low-to-mid five figures.
  • Mid-sized deployments (15–50 users, multiple frameworks) typically incur professional services fees in the mid-to-high five figures.
  • Enterprise deployments (50+ users, complex integrations, multiple frameworks) can incur higher costs depending on customization and migration requirements.

Vendr's dataset shows that buyers who negotiate implementation fees alongside the subscription often achieve reductions in professional services costs, particularly for larger contracts.

Benchmarking context:

Vendr's pricing benchmarks include implementation and onboarding cost ranges based on deployment size and complexity, helping buyers budget accurately and negotiate effectively.


What are typical annual price increases for Hyperproof renewals?

Based on Hyperproof renewal transactions in Vendr's database:

  • Annual price escalations typically occur at renewal.
  • Buyers who negotiate caps on annual increases or lock in flat pricing for multi-year terms often avoid unexpected cost growth.
  • Renewal pricing is negotiable, particularly when buyers have competitive alternatives or are willing to explore other platforms.

Vendr data shows that buyers who engage early in the renewal process (90+ days before expiration) and leverage competitive context often achieve flat or reduced pricing at renewal, particularly if usage or user counts have decreased.

Negotiation guidance:

Vendr's renewal playbooks provide supplier-specific tactics and timing considerations to help buyers negotiate favorable renewal terms and avoid automatic price increases.


How does Hyperproof pricing compare to competitors like Vanta and Drata?

Based on anonymized transactions in Vendr's platform over the past 12 months:

  • Hyperproof, Vanta, and Drata all use user-based pricing models with costs scaling based on user count, framework scope, and tier selection.
  • Pricing is generally comparable across these platforms for similar deployments, with differences often reflecting feature set, integrations, and deployment complexity rather than strict cost advantages.
  • Discount patterns are similar across vendors, with multi-year commitments, volume, and competitive evaluations yielding lower pricing than initial quotes.

Vendr's dataset shows that buyers evaluating multiple platforms should focus on total cost of ownership (including implementation, integrations, and ongoing support) rather than base subscription pricing alone.

Benchmarking context:

Compare Hyperproof to alternatives with Vendr to see how pricing, terms, and observed negotiation outcomes compare for your specific scope.


What hidden costs should I watch for in a Hyperproof contract?

Based on Hyperproof transactions in Vendr's database:

  • Implementation and onboarding fees are typically quoted separately and can vary significantly depending on deployment complexity.
  • Integration setup and configuration may require additional professional services or premium-tier access.
  • Data migration from another platform or manual processes may incur additional costs.
  • Premium support or customer success (e.g., dedicated CSM, faster SLA response times) may be available at additional cost.
  • User expansion fees (adding users mid-contract) may trigger pro-rated charges or require contract amendments.
  • Framework expansion (adding new compliance frameworks mid-contract) may incur additional costs depending on the pricing model.
  • Annual price increases at renewal unless negotiated otherwise.

Vendr's dataset shows that buyers who clarify all potential costs upfront and negotiate flexibility for anticipated growth often avoid unexpected expenses and achieve better total cost of ownership.

Benchmarking context:

Vendr's pricing analysis includes total cost of ownership estimates based on deployment size, term length, and anticipated growth, helping buyers budget accurately and negotiate effectively.


Product FAQs

What's the difference between Hyperproof's tiers?

Hyperproof offers multiple tiers designed to serve different organizational maturity levels and compliance needs. While exact tier names and feature boundaries may evolve, the platform generally structures pricing around core, professional, and enterprise levels.

  • Core/Essentials tier: Designed for small teams managing a single compliance framework. Includes basic compliance workflow management, evidence collection, and control tracking.

  • Professional/Growth tier: Designed for growing organizations managing multiple frameworks or requiring deeper integrations with tools like Jira, ServiceNow, and cloud platforms. Includes advanced automation, reporting, and workflow customization.

  • Enterprise tier: Designed for large organizations managing multiple compliance programs, requiring advanced automation, custom integrations, API access, dedicated support, and multi-tenant or role-based access controls.

Buyers should evaluate which tier meets current needs and whether premium features justify the additional cost.


What compliance frameworks does Hyperproof support?

Hyperproof supports a wide range of compliance frameworks, including:

  • SOC 2 (Type I and Type II)
  • ISO 27001
  • GDPR
  • HIPAA
  • PCI DSS
  • NIST CSF
  • CCPA
  • FedRAMP
  • Custom frameworks

The platform allows organizations to manage multiple frameworks simultaneously and map controls across frameworks to reduce duplication.


What integrations does Hyperproof offer?

Hyperproof integrates with a variety of third-party tools to automate evidence collection and streamline compliance workflows, including:

  • Ticketing and project management: Jira, ServiceNow, Asana
  • Cloud platforms: AWS, Azure, Google Cloud
  • Identity and access management: Okta, Azure AD, Google Workspace
  • Security and monitoring: Qualys, Tenable, CrowdStrike
  • HR and IT: BambooHR, Workday, Jamf

Buyers should clarify which integrations are included in the base tier and which require premium-tier access or additional configuration.


Does Hyperproof offer a free trial?

Hyperproof typically offers product demos and proof-of-concept engagements rather than self-service free trials. Buyers interested in evaluating the platform should contact Hyperproof's sales team to request a demo or pilot program.


Summary Takeaways: Hyperproof Pricing in 2026

Based on analysis of anonymized Hyperproof deals in Vendr's dataset, buyers who prepare carefully and leverage market context often secure meaningfully better pricing than those who accept initial quotes.

Key takeaways:

  • Hyperproof pricing is user-based and scales with the number of users, frameworks managed, and tier selected; buyers should clarify all cost drivers upfront.
  • Multi-year commitments, volume, and competitive evaluations create negotiation leverage and often yield discounts.
  • Implementation, integrations, and premium support are typically quoted separately and should be negotiated alongside the subscription.
  • Total cost of ownership (including hidden costs like annual price increases, user expansion fees, and framework additions) should be evaluated before committing.

Regardless of platform choice, the most important step is clearly defining requirements, understanding total cost drivers, and benchmarking pricing against comparable deals before committing.

 

Vendr's pricing and negotiation tools analyze anonymized transaction data to surface percentile-based benchmarks, competitive comparisons, and observed negotiation patterns, helping buyers assess how a given Hyperproof quote compares to recent market outcomes for similar scope.

 


This guide is updated regularly to reflect recent Hyperproof pricing and negotiation trends. Consider revisiting it ahead of any new purchase or renewal to account for changing market conditions. Last updated: February 2026.