Disclaimer

This information presented in this website expresses the views of NEXT Investors (the “Advisor”) and  such views are subject to change without notice. The Advisor has no duty or obligation to update the information contained herein. This website  contains views and opinions which, by their very nature, are subject to uncertainty and involve inherent risks. Predictions or forecasts, described or implied, may prove to be wrong and are subject to change without notice. Any information on specific investments or opportunities is provided merely to illustrate the research process that may be utilized by the Advisor and should not be relied upon in making an investment decision with respect to the investments covered by the report. Investment processes are subject to change without notice. Certain information contained herein concerning economic trends and performance is based on or derived from information provided by independent third-party sources. The Advisor believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such third party information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.

This material is presented for information purposes only and is not intended to constitute legal, tax, accounting or investment advice. Prospective investors should consult their own advisors about such matters. Any performance data included with respect to any client account of the Advisor represents the net performance of and reflects the deduction of all account or vehicle level expenses, including without limitation brokerage and other transaction costs, as well as legal, audit, administration, and other expenses. Any performance presented would not represent the return of any individual investor. An individual investor’s net return in any collective investment vehicle may differ significantly from any net performance as stated herein due to differences in fee arrangements and timing of investment. In fact, any net returns of a vehicle shown herein may be significantly higher than an investor’s actual return. Any performance information includes the reinvestment of all dividends, interest, and other income. Past performance is not necessarily indicative of future results. All investments involve risk, including the potential loss of principal.

Any performance results should not be considered a substitute of, or indicative of the past or future performance. Actual returns may vary from the performance information presented. Estimated returns should not be construed as providing any assurance or guarantee as to actual returns. Actual performance figures are only computed and audited yearly. Past performance is not indicative of future results, which may vary. The value of investments and the income derived from investments can go down as well as up. Future returns are not guaranteed, and a loss of principal may occur. An investment in any fund is subject to a variety of risks (which are described in the Fund’s Confidential Offering Memorandum), and there can be no assurance that an account’s investment objective will be met or that it will not incur losses. This information does not constitute an offer to sell or the solicitation of an offer to purchase any interest in any fund or other investment product. Any such offer or solicitation may only be made by means of delivery of the fund’s offering documents.

Any portfolio risk management processes discussed herein are an effort to monitor and manage risk, but should not be interpreted as and do not imply low risk or the ability to control risk. Risk policies and limits imposed by the Advisor are subject to change without notice and may be exceeded from time to time due to, among other things, market fluctuations.

Any specific securities identified and described in this material do not represent all of the securities purchased, sold, or recommended for any account. The audience should not assume that investments in these securities identified and discussed have been or will continue to be profitable. Investment examples are included merely to illustrate the investment process and strategies that may be utilized. In addition, such securities are subject to losses as an investor may lose money investing in such securities.