Disclosures:

Past performance is no guarantee of future results. Information shown is as of date stated above, unless otherwise noted. Model performance deviates from actual client performance. Some of the common reasons include: Different execution prices – model trades execute immediately while client trades execute in windows. Frequent rebalances – models that are rebalanced frequently will deviate more quickly since different execution prices will have a greater impact. Missed syncs – model holdings will differ from client holdings if the model is modified but not synced or if a particular client does not fully sync to the model weights. Different fees – performance as shown in this material are without fees; depending on the type of service and asset size, fees vary and will have a different impact for each client. This material is intended for information purposes only and should not be construed as legal, accounting, tax, investment or other professional advice. All statistics presented are based upon information obtained from sources believed to be reliable but the accuracy of which cannot be guaranteed. In addition, information provided by third parties may be derived using methodologies or techniques that are proprietary or unique to the third-party source. Any opinions expressed in this material are current only as of the time made and are subject to change without notice