Legal Disclosure

 

There is no guarantee, express or implied, that long-term return and/or volatility targets will be achieved. Realized returns and/or volatility may come in higher or lower than expected.

Hypothetical performance results, if shown, (e.g., quantitative backtests) have many inherent limitations. No representation is being made that any fund or account will or is likely to achieve profit or lose. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently realized by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points which can adversely affect actual trading results. The hypothetical performance, if shown, represent the application of the quantitative models as currently in effect on the date first shown and there can be no assurance that the models will remain the same in the future or that an application of the current models in the future will produce similar results because the relevant market and economic conditions that prevailed during the hypothetical performance period will not necessarily recur. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual trading results. All hypothetical performance results are presented for illustrative purposes only.

Consultants supplied with gross results are to use this data in accordance with SEC, CFTC, NFA or the applicable jurisdiction’s guidelines.

There is a risk of substantial loss associated with investing. Before investing, investors should carefully consider their financial position and risk tolerance to determine if the proposed investment is appropriate. Diversification does not eliminate the risk of experiencing investment losses.

Any documents provided are solely for information purposes and do not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The factual information set forth therein have been obtained or derived from sources believed to be reliable but it is not necessarily all-inclusive and is not guaranteed as to its accuracy and is not to be regarded as a representation or warranty, express or implied, as to the information’s accuracy or completeness, nor should the information serve as the basis of any investment decision.

All communication and documentation is intended exclusively for the use of the person to whom it has been delivered and it is not to be reproduced or redistributed to any other person. Distribution is strictly prohibited without the express intend of Summit Global Investments, LLC.

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