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QMIT is a provider of market research, signals and analytics. It is neither a broker-dealer nor an investment advisor. QMIT & QuantZ Capital Management (“QuantZ”) are under common ownership and share certain personnel. QMIT makes no representation regarding the advisability of investing in any investment fund, other investment vehicle, security or other financial product regardless of whether or not it is based on, derived from, or included as a constituent of any QMIT research. QMIT bears no responsibility or liability for any business decision, input, recommendation, or action taken based on QMIT research or any products based on, derived from, or included as a constituent of any such research. This content is not intended as an offer to sell or a solicitation of any investment product or service to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation.

This information has been prepared by QMIT for informational purposes only. This information should not be construed as investment, legal and/or tax advice. This information was produced by and the opinions expressed are those of QMIT as of the date of writing and are subject to change. Any research is based on QMIT proprietary research and analysis of global markets and investing, including opinions that are expressed based on statistical forecasting from historical data. The information and/or analysis presented have been compiled or arrived at from sources believed to be reliable, however QMIT does not make any representation as their accuracy or completeness and does not accept liability for any loss arising from the use hereof. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Neither QMIT nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.

Broad based securities indices may be included in this report as benchmarks to provide context reflecting general market results during the period. QMIT may propose certain securities that are not represented by such indices. Accordingly, no representations are made that the performance or volatility of securities mentioned in the research will track or reflect any particular index. Broad-based securities indices are un-managed and are not subject to fees and expenses typically associated with managed accounts or investment funds. The number and types of securities found in the index can differ greatly from that of current or past QMIT research. Investments cannot be made directly in an index. Any securities or allocations referenced by QMIT may or may not be represented in portfolios of clients of QuantZ, and do not represent all of the securities purchased, sold or recommended for the managed private fund(s). In addition, QuantZ may have concentrations in a number of securities and in asset classes that differ from the QMIT research. Due to differences in actual account allocations, account opening date, timing of cash flow in or out of the account, re-balancing frequency, transaction costs, fees and various other transaction-based or market factors, a client’s actual return may be materially different than those derived from the research. The performance results for individuals following the strategy could also differ based on differences in treatment of dividends received, including the amount received and whether and when such dividends were reinvested.

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