Page 12 - Strategy Flipbook v.2_Classical

Disclaimers

Past performance is no guarantee of future results. There can be no assurance that future performance of any model portfolios will be comparable to past performance. There are risks associated with any
investment strategy, including the possible loss of principal. There is no guarantee that any investment strategy will achieve its objectives.

Canterbury Investment Management is an SEC Registered Investment Advisor. Performance results are presented in US dollars and are net of fees and trading expenses and reflect the reinvestment of dividends and
capital gains. The applicable fee schedule is primarily based on account size and will vary from one account to another, but the performance results reported are calculated based on the maximum Canterbury
investment management fee of 1.5% for account values less than $500,000. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the
solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any currency, future, equity, option or any other condition. Under certain market conditions, you
may find it difficult or impossible to liquidate a position. This can occur, for example when the market makes a limit move. The placement of contingent orders by you, such as a stop-loss or stop-limit order, will not
necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The risk of loss in trading can be substantial. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition. Performance can and does vary between individuals.

The strategy primarily invests in ETFs, which are subject to market risk, including the possible loss of principal. The value of the ETF will fluctuate with the value of the underlying securities. The strategy is subject to
the risks associated with its underlying ETFs. ETFs trade like a stock, and there will be brokerage commissions associated with buying and selling ETFs unless trading occurs in a fee-based account. ETFs may trade for
less than their net asset value. The strategy may also invest in ETNs.

Information pertaining to Canterbury Investment Management advisory operations, services, and fees is set forth in our current disclosure statement, a copy of which is available upon request. Information pertaining
to any exchange traded fund that is a current component of the Portfolio Thermostat model is set forth in each respective Exchange Traded Fund’s prospectus, a copy of which is available through the ETF sponsor.