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Fides + Ratio LLC (dba Fides + Ratio Asset Management) is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Commodity Trading Advisor and is a member of the National Futures Association (NFA). Ratio Indices LLC is registered with the U.S. Commodity Futures Trading Commission (CFTC) as an Introducing Broker and is a member of the National Futures Association (NFA).

Risk Disclosure

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION, RISK TOLERANCE, AND INVESTMENT OBJECTIVES. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD CAREFULLY CONSIDER THE SIGNIFICANT RISKS ASSOCIATED WITH SUCH TRADING, INCLUDING THE “PRINCIPAL RISK FACTORS” DESCRIBED IN THE ADVISOR’S DISCLOSURE DOCUMENT. YOU SHOULD CAREFULLY STUDY THE ADVISOR’S DISCLOSURE DOCUMENT, AND COMMODITY TRADING GENERALLY, AND CONSULT WITH INDEPENDENT SOURCES OF INVESTMENT, LEGAL, AND TAX ADVICE, BEFORE MAKING A DECISION TO ENGAGE THE ADVISOR’S SERVICES.

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