Email Disclaimer *** If the email or attachments you received contains performance information, you must review the “Performance Information” section below for important disclosures. Past performance is not indicative of future results. The potential for profit is accompanied by risk of loss. ***
The information contained in this email (including any attachments, these “Materials”) is intended solely for the use of the intended recipient(s) and may contain confidential or sensitive information. If you are not an intended recipient, please notify the sender and delete these Materials immediately. Any unauthorized dissemination, copying, use, retention, or disclosure of these Materials is strictly prohibited and may be unlawful. Please be aware that email may not be secure, and may be intercepted, altered, delayed, deleted or otherwise affected by unauthorized or technical failures without the knowledge of the sender or intended recipient.
NO OFFER OR RECOMMENDATION.
Camden Asset Management, L.P. (“Camden”) does not accept any responsibility or liability arising from the improper use of these Materials. These Materials are for informational purposes only and should not be considered a recommendation of any particular security, strategy or investment product, or as investing advice of any kind. These Materials are not an offer to sell a security nor the solicitation of an offer to buy a security, and no offer or solicitation should be implied by the delivery of these Materials.
Recipients should not rely on these Materials in making any investment decision. Statements contained herein are based on information from third parties and/or current expectations, estimates, projections, opinions and beliefs of Camden and are subject to change without notice. Camden makes no warranty that the information in these Materials is accurate, current or complete. Any views expressed in these Materials are those of the individual sender unless otherwise specifically stated. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Certain information contained in these Materials constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” “target,” “plan” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Certain information in these Materials has been provided by and/or is based on third party sources and although believed to be reliable has not been independently verified and its accuracy, timeliness or completeness cannot be guaranteed.
NO LEGAL, TAX OR REGULATORY ADVICE.
These Materials are not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.
All financial instrument investments risk the loss of capital. No guarantee or representation is made that any Camden product will be successful. No assurance can be given that an account will achieve its investment objective or avoid substantial losses. The risks detailed in herein are general in nature and do not include all risks that an investor or client may encounter. Please see Camden’s Form ADV, Part 2A (available at www.adviserinfo.sec.gov
) for additional information on the risks and conflicts of interest associated with Camden’s products.
Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing their values to decline. Debt securities are at risk of default and may not be liquid, which may increase volatility.
Any information regarding performance results must be considered in conjunction with applicable disclosures. Performance information is supplemental to the GIPS composite presentation. Current performance may differ from any performance data provided. To receive a complete list and description of Camden’s composites and/or a presentation that adheres to the GIPS standards, contact Client_Service@camdenasset.com
Unless otherwise stated in the Materials, net returns are calculated in following manner. Net returns are presented net of commissions, include reinvestment of capital gains, dividends and interest, and exclude any separate custodial fee which may have been paid on separately managed accounts. With respect to composites, net returns are calculated, assuming an investment made on the inception date of the composite, from gross returns by applying the composite’s standard annual management fee (accrued monthly and paid quarterly) and an annual incentive fee on the basis of excess performance over the composite’s benchmark (with a loss carryforward).
Camden’s holdings differ significantly from the securities that comprise the indices referenced in these Materials. The indices have not been selected to represent the appropriate benchmark to compare Camden’s performance; they are simply disclosed to allow comparison of Camden’s performance to that of a known index. Any index information contained in this presentation is included merely to show general trends in the markets in the periods indicated and is not intended to imply that Camden’s portfolio was similar to such indices either in composition or element of risk. There is no guarantee that any Camden client will meet or exceed any index.
Benchmarks are provided for illustration purposes only, are unmanaged, may not be available for actual investment, do not reflect any advisory fees, assume reinvestment of income, and have limitations when used for such purposes because they may have volatility, credit, or other material characteristics that are different from investments available through any Camden portfolio. To the extent that the recipient is unfamiliar with, or wants more details concerning, any index shown, additional information will be provided upon request. Index calculation and composition methodologies are subject to change without notice. Index descriptions are updated annually.