Past performance is not indicative of future results.

1. The potential investor’s return will be reduced by the subscription fees and any other expenses which may incur in the management of its investment advisory account. You should refer to the offering documents for details of the fees and expenses.
2. The actual investment advisory fees incurred by the potential investor will vary according to the asset classes in the account and the size of the account.
3. An individual potential investor’s actual returns may differ from the results shown on the website for reasons such as the timing of investments and withdrawals.
4. All periods longer than one year are annualized, unless otherwise indicated.

This material is to be used for professional investors (which includes Professional Investors as defined under the Securities and Futures Ordinance of Hong Kong, Wholesale Clients within the meaning of the Corporations Act 2001 of Australia, Professional Investors as defined under Securities and Futures Act of Singapore or the respective local jurisdictions, as defined under relevant local regulations from time to time) and not for any other purpose.

1. These materials are intended for use by sophisticated parties and in particular professional investors with meaning ascribed by the Securities and Futures Ordinance of Hong Kong, Wholesale Clients within the meaning of the Corporations Act 2001 of Australia, Professional Investors as defined under Securities and Futures Act of Singapore,  or other relevant local jurisdictions. While Altive Limited has a financial interest in the sale of our products and services because Altive Limited earns revenue once it is hired, it does not receive a fee or other compensation directly for the provision of investment advice (as opposed to other services) in connection with any such sale. 
2. This communication is being provided for informational purposes in connection with the marketing and advertising of products and services.
3. This webpage contains the current opinions of the manager and such opinions are subject to change without notice. Altive Limited is under no obligation, expressed or implied, to update the material contained herein.
4. This material contains general information only on investment matters; it should not be considered as a comprehensive statement on any matter and should not be relied upon as such.
5. The information contained does not take into account any investor's investment objectives, particular needs, or financial situation.
6. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to the potential investor.
7. The value of any investment may fluctuate, sometimes dramatically.
8. Investors should consult their investment professional prior to making an investment decision.
9. Altive Limited is not undertaking to provide impartial investment advice or give advice in a fiduciary capacity for purposes of any applicable law or regulation. You should seek advice from your own independent advisers in making investment decisions.
10. To the extent permitted under applicable law, none of Altive Limited, its affiliates, or any officer or employee of Altive Limited accepts any liability whatsoever for any direct or consequential loss arising from any use of the information contained herein, including for negligence.
11. By using the services offered by Altive, the potential investor agrees with the intended purpose described above.

Specific sectors mentioned do not represent all sectors in which Altive Limited seeks investments. It should not be assumed that investments in these sectors have been or will be profitable.

Diversification does not ensure a profit nor guarantee against loss.

Structured Finance assets, including but not limited to aggregator funds, are advanced instruments and may not be suitable for all investors. These assets may be exposed to risks related to interest rates, crediting, liquidity, issuers, servicers, underlying collaterals, prepayments, extensions, and defaults.

Return estimates are based on a number of estimates and assumptions that have been determined by the manager as of the date specified. There can be no assurance that any projected amounts and the timing of future cash flows will actually be realized. The actual return on unrealized investments will depend on, among other factors, future operating results, interest rates, economic and market conditions, as well as any related transaction costs and the timing and manner of disposition, all of which may differ from the assumptions on which such projections and estimates are based. Investors should bear in mind, the estimated performance shown on this website is for illustration purpose only and is not indicative of future results and no guarantee on the performance of the investment product is being made.

Hypothetical examples are for illustrative purposes only. Hypothetical or simulated examples have several inherent limitations and are generally prepared with the benefit of hindsight. There are frequently sharp differences between simulated results and actual results. In addition, there are numerous factors related to the markets in general or the implementation of any specific investment strategy which cannot be fully accounted for in the preparation of simulated results, yet all of which can adversely affect actual results. No guarantee is being made that results shown will be achieved.

The holdings and asset classes listed should not be construed as investment advice or recommendations to buy or sell a particular security or invest in a particular asset class. The information presented is for hypothetical accounts and is for illustrative purposes only. Holdings may vary depending on a variety of things, including, but not limited to, the size of an account, cash flows within an account, and restrictions on an account. Holdings selected may positively or negatively affect performance. Portfolio holdings are subject to change daily. The portfolio examples have been provided for purposes of comparison and as examples of potential allocations. It should not be assumed that securities purchased for any portfolio were or will be profitable or that the securities listed were profitable. It should not be assumed that a potential investor’s portfolio will mirror the characteristics of the examples shown.

Individual accounts may vary based on restrictions, substitutions, cash flows, and other factors without notice. The mention of specific securities illustrates an application of the firm’s investment approach only and is not to be considered a recommendation by the firm. Specific securities identified and described do not represent all securities purchased or sold for the portfolio, and it should not be assumed that investment in these securities were or will be profitable, or that investment recommendations or decisions that the firm makes in the future will be profitable. Portfolio holdings are subject to change daily. There can be no assurance that securities purchased remain in the portfolio or that securities sold have not been repurchased. There is no guarantee these investments or portfolio strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest over the long-term, especially during periods of increased market volatility. Results for certain charts and graphs are included for illustrative purposes only and should not be relied upon to assist or inform the making of any investment decisions. All investments contain risk and may lose value. You should refer to the constitutive and offering document for full details, including without limitation to the features and associated risks, of the portfolio.

Strategies described herein are supported in part by investment models and/or other analytical tools.

1. These models or tools inform but do not dictate investment recommendations.
2. There is no assurance that these models or tools will work as intended, produce accurate results, or be free from defects, all of which could impact investment performance.
3. Models or tools may be discontinued or modified for any reason and without notice.

The enclosed information has been developed internally and/or obtained from sources believed to be reliable. Altive Limited is under no obligation, expressed or implied, to update the material contained herein. Furthermore, Altive Limited does not guarantee or warrant the accuracy, completeness or reliability of the information. Information and materials contained herein are subject to copyright protection. Recipients shall not disclose, distribute, publish, sell, license or otherwise create derivative works using any of the content of this report without the prior written consent of Altive Limited. All investments contain risk and may lose value. Altive Limited assumes that you are capable of evaluating the merits and risks of any transaction or investment opportunities described, its suitability for your organisation’s and your purposes, and the legal, taxation, accounting and financial implications and that in making this evaluation you are not relying on any recommendation or statement by us.