E. Additional Disclosures & Disclaimers
Research Affiliates, LLC is an SEC registered investment advisor pursuant to the Investment Advisers Act of 1940. This registration as an investment adviser does not imply a certain level of skill or training. This site is limited to the dissemination of general information pertaining to its investment advisory services. Accordingly, Research Affiliates does not, and will not, effect or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Advice can only be rendered after all of the following conditions are met:
1. Delivery of our Form ADV Parts 2A and 2B to you.
2. Execution of a written agreement.
As a registered investment advisor, Research Affiliates may render investment advice only as applicable federal and state laws allow. This site is designed to provide general information on investment strategies and financial planning. Any material provided in this site either directly or through cross-reference to another site is for informational purposes only. Any information provided in this site does not purport to be, and is not intended to be, financial, legal, accounting, tax or investment advice. The information provided, therefore, should not be viewed as financial, legal, accounting, tax or investment advice.
Past performance is not necessarily a guide to future performance. The value of an investment and the amount of periodic income realized on an investment may go down as well as up and there is no guarantee that you will recoup the amount of your original investment. Some of the investment strategies presented in this site may involve transactions in foreign currencies. A foreign currency is a currency other than that issued by the government of the country in which you are domiciled or, in some cases, in which you reside. Transactions in foreign currencies may introduce additional risk to the investment transaction.
Persons engaging in investment activities should be aware that investing is an inherently risky activity. Depending on the nature of the investment, these risks include, but are not limited to, interest rate, foreign currency, liquidity, credit, legal, and political risk. The information contained in this site is based on factual assumptions that may not be applicable to the particular circumstances of any person accessing this site (a "viewer") scientific assumptions that are liable to require revision due to changing circumstances, and statistical assumptions that are based on confidence levels which may require revision. For these reasons, no representations or warranties, expressed or implied, are made to the accuracy or applicability of any information contained in this site or any linked site to any particular viewer specifically, or to all viewers generally. Also, no representations or warranties, express or implied, are made as to the result any viewer might experience from using any of the information contained in this site or to any linked site.
Certain performance information presented represents simulated performance. Certain performance information presented represents performance based on combined simulated index data (pre-index launch) and live index data (post-index launch). Indexes are unmanaged and cannot be invested in directly. Past simulated performance is no guarantee of future performance and does not represent actual performance of an investment product based on the index. No allowance has been made for trading costs, management fees, or other costs associated with asset management, as the information provided relates only to the index itself. Actual investment results may differ. As such, the simulated data may have under-or over-compensated for the impact, if any, of certain market factors. Simulated returns may not reflect the impact that material economic and market factors might have had on the advisor's decision making if the advisor were actually managing clients' money. Simulated data is subject to the fact that it is designed with the benefit of hindsight. Simulated returns carry the risk that the performance depicted is not due to successful predictive modeling. Simulated returns cannot predict how an investment strategy will perform in the future. Simulated returns should not be considered indicative of the skill of the advisor. Investors may experience loss. Any information and data pertaining to an index contained in this document relate only to the index itself and not to any asset management product based on the index.
The investment strategies presented in this site cannot, in all likelihood, remove all of the risks associated with investing activities generally and persons engaging in investment activities are cautioned that they should familiarize themselves with the associated risks of any investment transaction before it is entered into. While Research Affiliates, its agents, and employees have exercised due diligence to ensure that the information and any calculations presented in this site is accurate, neither Research Affiliates, its agents, and employees warrant that the information or calculations are free from error.
All of the information contained in this site, including these Disclosures & Disclaimers, is the property of Research Affiliates. Research Affiliates intends to retain all of the rights in such property and by allowing public access to it, does not grant any license to any person to copy, retransmit (either electronically or otherwise), revise, or otherwise exercise any rights of ownership associated with intellectual property generally under the copyright and other applicable laws of the United States and equivalent laws of any other country. Any person who seeks to exercise any ownership right in the information contained in this site without first obtaining the express written consent of Research Affiliates will be prosecuted to the fullest extent permitted under law.
The Internet Communications shall not involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, as the case may be, in this state over the Internet, but shall be limited to the dissemination of general information on products and services. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
All investments contain risk and may lose value. Equities may decline in value due to both real and perceived general market, economic and industry conditions. There is no guarantee that Research Affiliates’ investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. Investors should consult their investment professional prior to making an investment decision.
Except for historical information and discussions contained on this website, statements published on Research Affiliates’ website may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, any such forward-looking statements speak only on the date at which such statements are made. Research Affiliates undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.