Disclaimer: Nothing contained on this Website constitutes tax, accounting, regulatory, legal, insurance or investment advice. Ten Peaks Partners L.L.C. is registered in the following states: MO, CO, and TX. Ten Peaks Partners L.L.C. may only conduct business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. These other states, AL, AK, AZ, CA, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, AR, KY, ME, MD, MA, MI, MN, MS, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, are subject to the guidelines of the registered investment advisor de minimis exemption. Section 403 of the Uniform Securities Act states, “a person with a place of business in this state if the person has had, during the preceding 12 months, not more than five clients that are resident in this state,” thus is exempt from various registration requirements. TX and LA are two states that do not provide a registered investment advisor de minimis exemption. Ten Peaks Partners follows the specific state and federal regulatory guidelines appropriate for both the jurisdiction and the firm’s registration status. This Web site is in no way a solicitation or offer to sell securities or investment advisory services except, where applicable, in states where Ten Peaks Partners L.L.C. has made notice filings or where an exemption or exclusion from such filing exists. Neither the information, nor any opinion, contained on this Website constitutes a solicitation or offer by Ten Peaks Partners, LLC. ("Ten Peaks Partners") or its affiliates to buy or sell any securities, other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Decisions based on information contained on this Website are the sole responsibility of the visitor. In exchange for using this Website, the visitor agrees to indemnify and hold Ten Peaks Partners, and its employees and agents harmless against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of this Website, from your violation of these Terms or from any decisions that the visitor makes based on such information. All investments involve risk and may lose value. The value of your investment can go down depending upon market conditions. Fixed income investments are subject to risk including interest rate, credit, market and issuer risk. Currency exchange rates may cause the value of an investment to go up or down. Alternative strategies involve higher risks than traditional investments, may not be tax efficient, and have higher fees than traditional investments; they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain. BEFORE ACQUIRING THE SHARES OF ANY INVESTMENT FUND BY PURCHASE OR EXCHANGE, IT IS YOUR RESPONSIBILITY TO READ THE FUND'S PROSPECTUS OR OFFERING MATERIALS. This Website is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. The information on this Website does not constitute a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Although this material is based upon information that Ten Peaks Partners considers reliable and endeavors to keep current, Ten Peaks Partners does not assure that this material is accurate, current or complete, and it should not be relied upon as such. Any opinions expressed on this Website may change as subsequent conditions vary. Past performance is no guarantee of future results. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY “LINKED” WEB SITE.