Disclaimers

Any Indexes described herein are designed to represent a systematic rules-based options strategy. In the construction of the Indexes there are certain assumptions, in respect of the financial instruments referenced either directly or indirectly in the Indexes, regarding liquidity, transaction costs, margin requirements, taxes, the ability for transactions to be executed at specific times. However, there is no guarantee that market participants trying to replicate the Index or strategy based on the Index will be able to execute all of the required transactions to replicate the Index or strategy. Actual transaction costs could be significantly higher than transaction costs used in the calculation of the Indexes.

This information is provided for general education and information purposes only. No statement should be construed as a recommendation to buy or sell a security or to provide investment advice. The Indexes and all other information provided by Volos and its affiliates and their respective directors, officers, employees, agents, representatives and any third party providers of information (the Parties) in connection with the Indexes (collectively Data) are presented "as is" and without representations or warranties of any kind. The Parties are not be liable for loss or damage, direct, indirect or consequential, arising from any use of the Data or action taken in reliance upon the Data. Investors should consult their tax advisor as to how taxes affect the outcome of contemplated options transactions.

Past performance may not be indicative future returns. The timeseries of the Indexes contain back-tested data, prior to when the Indexes were launched. Back-tested performance information is purely hypothetical and is provided in this document solely for information purposes. Back-tested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options, also known as the options disclosure document (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606.

The documents provided contain statements related to our future business and financial performance and future events or developments involving Volos that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to unitholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Volos' management, of which many are beyond Volos' control. These are subject to a number of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Volos may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Volos neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Neither Volos Portfolio Solutions LLC nor any of its principals, directors, employees or representatives (collectively, “Volos Portfolio Solutions”) is providing you any investment advice through your use of our website or our software. Volos Portfolio Solutions is not an investment adviser, and is not registered with the Securities and Exchange Commission or any state regulator, and by using the Volos Portfolio Solutions website or software you will not be an advisory client of, or otherwise have an advisory relationship with, Volos Portfolio Solutions. Volos Portfolio Solutions does not endorse or recommend the purchase or sale of any securities. You are responsible for all aspects of your use of the website and the software, including all inputs into the software used to generate various trading alternatives. You are also responsible for any decisions about whether to buy or sell securities as a result of using the Volos Portfolio Solutions website or software. Volos Portfolio Solutions is not a registered broker-dealer and is not regulated by the Financial Industry Regulatory Association (“FINRA”). No trades are executed on the Volos Portfolio Solutions website or through the Volos Portfolio Solutions system. Securities trading, including options trading, entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Past performance is not indicative of future results. Investments in securities involve the risk of loss, including total loss of an investment.

Volos Portfolio Solutions, LLC's services are provided "as is" and Volos Portfolio Solutions makes no warranty, express, implied, or statutory, including but not limited to all warranties of merchantability, title, non- infringement, quiet enjoyment, and accuracy of data or fitness for a particular purpose, related to the company services. The company's product has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. The product is created solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. The information contained in the products is obtained from sources believed to be reliable but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities markets or developments referred to in the products.

Users should not regard the products and its contents as a substitute for the exercise of their judgment. Any data displayed in these products is subject to change without notice and the company I not under any obligation to guarantee the information contained in the product. Past performance is not necessarily indicative of future results. These products do not offer investment advice. The company is not an investment advisor and has no referral affiliation with any broker-dealer. The company does not endorse or recommend any broker-dealer services. The company accepts no responsibility whatsoever for any loss or damage of any kind arising out of the use of all or any part of the company products and the information contained therein. This report should be considered a draft and may contain errors.

NOTICE TO RECIPIENTS: This message contains confidential, proprietary, and legally privileged information and is intended only for the use of the individual or entity named above. No confidentiality or privilege is waived by any transmission to an unintended recipient. If you are not the intended recipient of this transmittal, you are hereby notified that you received this transmittal in error, and we request that you please delete and destroy all copies and attachments in your possession, and notify the sender that you have received this communication in error. This communication is for informational purposes only and does not constitute a solicitation or offer to buy or sell securities or any other financial instrument. To the extent that performance information is contained herein, please note that past performance is not necessarily indicative of future returns.