Advent Capital Balanced Strategy Update
DISCLOSURES
ADVENT
CAPITAL MANAGEMENT, LLC
IMPORTANT INFORMATION ABOUT THIS DOCUMENT:
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GENERAL RISK WARNINGS:
Past performance does not guarantee, and is not a reliable indicator of, future results and the performance of an account may be substantially different. Current performance may be lower or higher than performance shown. The performance of an Advent
investment strategy or account may be volatile, and an investor could lose all or a substantial portion of any investment made in an Advent investment strategy or account. No representation is given that an Advent investment strategy or account is suitable for
any particular investor. Market conditions can fluctuate and vary widely over time and can result in a loss of portfolio value. It should not be assumed that results for historic portfolio investments or investment strategies will be achieved for other investments in
the future. No guarantee or representation is made that any Advent investment strategy or account will achieve its investment objective or have positive returns. Investments may be in a variety of currencies and therefore changes in rates of exchange between
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Investments in derivative investments carry certain inherent risks such as the risk of counterparty default and before investing you should ensure you fully understand these risks. Use of leverage may also magnify losses as well as gains. Returns presented on a
gross basis are substantially higher than returns presented on a net basis because gross returns do not reflect the deduction of investment advisory fees and other expenses that would be incurred by a client. The returns of a client investment in any investment
strategy will be reduced by the advisory fees and any other expenses it may incur in the management of its account. Advisory fees have a compounded effect in reducing account performance over time. Investing in financial markets involves a substantial degree
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looking statements. In some cases forward looking statements can be identified by the use of terms such as "believes", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "seeks" or "should" or variations thereof, or by discussions of
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or results expressed or implied by such forward-thinking statements. The success or achievement of various results, targets and objectives is dependent upon a multitude of factors, many of which are beyond the control of Advent. No representations are made as
to the accuracy of such estimates or projections or that such estimates or projections will be realized. Actual events or conditions are unlikely to be consistent with, and may differ materially from, those assumed.
Hypothetical performance or results do not reflect actual investment results, are not guarantees of future events, performance or results and are not intended to provide financial planning or investment advice. Actual future events, returns and results may vary
completely and adversely from prior opinions and forecasts concerning such events, returns and results. 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 the actual results subsequently achieved by any particular trading program. One of the limitations of
hypothetical performance results is that they are generally prepared with the benefit of 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 adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general
or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
REFERENCED INDEXES:
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