Disclaimer

Caley Capital, LLC has a pending registration as a registered investment adviser with the State of Ohio.

Past performance is not indicative of future results, which may vary. Any individual who chooses to invest in any securities should do so with caution. There is a risk of substantial loss associated with trading individual securities. Before trading, investors should carefully consider their financial position and risk tolerance to determine if the proposed trading style is appropriate. Investors should realize that when trading individual securities one could lose the full balance of their account. All funds committed to such a trading strategy should be purely risk capital.

Hypothetical performance results (e.g., quantitative backtests) have many inherent limitations, some of which, but not all, are described herein. No representation is being made that any strategy will or is likely to achieve profits or losses similar to those shown herein. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently realized by any particular strategy. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

In addition, hypothetical performance does not involve financial risk, and no hypothetical performance record can completely account for the impact of financial risk in actual performance. For example, the ability to withstand losses or adhere to a particular strategy in spite of losses are material points which can adversely affect actual strategy results. The hypothetical performance results contained herein represent the application of the quantitative models as currently in effect on the date posted and there can be no assurance that the models will remain the same in the future or that an application of the current models in the future will produce similar results because the relevant market and economic conditions that prevailed during the hypothetical performance period will not necessarily recur.

There are numerous other factors related to the markets in general or to the implementation of any specific strategy which cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual results. Hypothetical performance results are presented for illustrative purposes only. There is no guarantee, express or implied, that long-term return and/or volatility targets will be achieved. Realized returns and/or volatility may come in higher or lower than expected.

I encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

IF YOU DO NOT AGREE WITH THE TERMS OF THIS DISCLAIMER, PLEASE EXIT THIS SITE IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE OR THE INFORMATION PROVIDED HEREIN SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS.