VOLSX

ABR 75/25
Volatility Fund

Equity alternative
with crisis alpha

capture potential

ABRVX

ABR Dynamic Blend
Equity & Volatility Fund

Partial equity alternative
with enhanced crisis alpha

capture potential

ABRSX

ABR 50/50
Volatility Fund

Enhanced equity alternative
with partial crisis alpha

capture potential

Disclosure

Annualized net of fee returns for the ABR Short Volatility Strategy for periods ending [cgv date_quarterly_returns_as_of_spelled_out]:

[cgv abrsx_quarterly_one_year_return] for one year
[cgv abrsx_quarterly_five_year_return] for five years
[cgv abrsx_quarterly_inception_return] since inception on 1/31/2017

Past performance does not guarantee future results. Investing involves a risk of loss, including the loss of principal.

A volatility strategy should not be viewed as a complete investment program.
For more information on ABR’s strategies, please contact us at 212-918-4664.

Disclosure

The “ABR 75/25” Volatility Strategy is represented by 75% of the returns of the ABR Dynamic Blend Equity & Volatility Index Powered by Wilshire (ABRVXX) and 25% of the returns of the ABR Enhanced Short Volatility Index Powered by Wilshire (ABRXIV), respectively (collectively, the ABR Indexes). Wilshire® is a service mark of Wilshire Associates Incorporated and has been licensed for use by ABR Dynamic Funds, LLC. The ABR Indexes are not sponsored, endorsed, sold or promoted by Wilshire, and Wilshire makes no representations or warranties with respect to the ABR Indexes. Investors cannot invest directly in an index.

The 1-year, 3-year and 10-year returns as of [cgv date_quarterly_returns_as_of] for the 75/25 Strategy are [cgv abr_7525_strategy_one_year_return], [cgv abr_7525_strategy_three_year_return], and [cgv abr_7525_strategy_ten_year_return] respectively.  ABRVXX and ABRXIV are each presented net of 3.00% hypothetical expenses. Actual expenses may vary.

ABRVXX was launched 4/30/15 and ABRXIV was launched 1/31/17, such that performance information before those dates constitutes pre-inception performance. Hypothetical performance does not reflect actual trading experience and does not necessarily reflect the deduction of all expenses. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT,THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFITOF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERETO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSOADVERSELY AFFECT ACTUAL TRADING RESULTS.

Incorporating a dynamic volatility strategy into a portfolio is designed to help an investor potentially mitigate, and potentially benefit from, volatility in the U.S. stock market. However, all investing involves risk including the possible loss of principal. Due to leverage, the loss on a long futures contract could greatly exceed the initial investment. The loss on a short contract theoretically is unlimited since the appreciation of the shorted asset also theoretically is unlimited. Volatility assets and strategies may not be suitable for some investors due to their financial circumstances and risk tolerance. Volatility assets entail their own unique risks that investors should consider when evaluating a volatility strategy. A volatility strategy should not be viewed as a complete investment program.

“Simplicity is the ultimate sophistication.”

Leonardo da Vinci