This material has been prepared by Kornfield Investment Management (“KIM”), an SEC registered investment adviser. This material is provided for informational purposes and is not a solicitation of an offer to buy or sell any financial instruments. The information provided here is for general informational purposes only and should not be considered an individualized recommendations or personal investment advice. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified and, therefore, KIM does not guarantee its accuracy or completeness. KIM does not accept liability for any direct or consequential losses arising from the use of information contained in this material. KIM, its affiliated companies, respective directors, officers and employees may buy or sell the financial instruments held in the investment portfolios discussed herein. Investors should consider the information in this material as only a single factor in making their investment decision. Before making an investment decision, investors should carefully read all the relevant information including important disclosures regarding risks, fees, and expenses. The portfolios presented may not be suitable for all investors and investors must make their own informed investment decisions. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate with changes in market conditions.