That's correct. However, it is almost meaningless in practice as it might as well mean that, say, 99,99% of the content is 2 years old and older, and only 0,01 was trained just before that date. So if you need functionality that's dependent on new information, you have to test it for each particular component you need.

Unfortunately I work with new APIs all the time and the cutoff date is of no much use.