US Client Report Disclaimer
Standard: This report was generated by BTIG, LLC (“BTIG”) for the account named above for your internal use and informational purposes only. It is not an official account statement and should not be relied upon for tax, accounting, legal, regulatory, or other purposes. BTIG makes no warranty concerning its accuracy or completeness. Please report any discrepancies immediately to your BTIG representative. BTIG shall not be liable for any losses, damages, claims, costs or expenses of any kind or nature incurred by you or the account in connection with your or the account’s use or reliance on this report. The information in this report may be directly supplied by the portfolio manager, custodian or third party sources and is not verified for accuracy or endorsed in any way by BTIG or any of its affiliates. This unverified information provided may include but is not limited to cost, price, market value, away positions and security classification. Securities included in this report but not held by BTIG or its affiliates have not been verified for their existence or valuation. Balances and positions identified as “away” would not be covered by BTIG’s SIPC coverage, which applies only to covered assets held at the firm. The named account herein is independently responsible for making any required filings with any state or federal government agency, any self regulatory organization or exchange and for the accuracy of the information contained therein. For Sector Query Reports, the portfolio manager has the ability to change or create a new Economic Sector, Business Sector, Industry Group, and/or Industry classification for the securities contained therein, and any changes made may differ from those of nationally recognized systems of such classification.
S&P (FIXED INCOME HOLDINGS): Copyright © 2013, Standard & Poor’s Financial Services LLC (“S&P”). Reproduction of S&P Credit Ratings in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and is not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of ratings. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTIAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, or LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF RATINGS. S&P’s ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value of securities or suitability of securities for investment purposes, and should not be relied on as investment advice.
Manager-Performance: The stated performance numbers may include one or more portfolios.
Portfolio Turnover:The portfolio turnover rate is calculated by taking the lesser of purchases or sales of securities during a date range and dividing the number by the monthly average market value of the securities held during that date range. The purchase total includes all buys and cover shorts; while the sales total includes all long and short sales. The report excludes from the calculation the purchases and sales of any securities, including option contracts, that have a maturity or expiration date that occurs one year or less after the acquisition date. The report also excludes futures from all calculations.
Asset Summary: Balances and market values, shown in base currency, are reflective of activity processed by the custodian through the close of the last business day. Report values will not update for any subsequent activity changes.