Disclaimer & Legal Notice
By accessing this site, you signify your agreement with and understanding of the following Terms of Use and Legal Information pertaining to both this site and any material at it. This site is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein. Your use of this site constitutes your agreement to all such terms, conditions, and notices. ETF Capital Management ("ETFCM") reserves the right to change the terms, conditions, and notices under which this site is offered.

Ownership of Site and Trademarks
ETFCM owns and maintains this site. Nothing at this site shall be construed as granting, by implication, estoppel or otherwise, any license or right to use any image, trademark, logo or service mark at the site. No act of downloading or otherwise copying from this site will transfer title to any software or material at this site to you. Anything that you transmit to this site becomes the property of ETFCM, may be used by ETFCM for any lawful purpose, and is further subject to disclosure as deemed appropriate by ETFCM, including to any legal or regulatory authority to which ETFCM is subject. ETFCM reserves all rights with respect to copyright and trademark ownership of all material at this site, and will enforce such rights to the full extent of the law. This site is for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products, or services obtained from this site without express written consent from ETFCM.

No Offer of Securities - Disclosure of Interests
Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment fund managed by ETFCM. Any such offer or solicitation will be made only by means of a Confidential Private Offering Memorandum relating to the particular fund. Access to information about the funds is limited to investors who, among other requirements, qualify as accredited investors within the meaning of their respective local laws. Qualified investors may obtain a copy of the offering memorandum from their investment advisor or by calling ETFCM at 416.223.ETFS (3837) or by email at moreinfo@etfcm.com.

No Reliance
While ETFCM uses reasonable efforts to update the information on this site, ETFCM makes no representations or warranties as to the accuracy, reliability or completeness of any information at this site. Any contents at this site are subject to change without notice.

Material to be Consulted in its Entirety
All materials at this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.

ETFCM has not reviewed any of the sites linked to this site, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages or other sites is at your own risk.

Linked Sites
ETFCM has not reviewed any of the sites linked to this site, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages or other sites is at your own risk.

No Warranty
The materials at this site are provided "as is" without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law. ETFCM further assumes no responsibility for, and makes no warranties that, functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components. ETFCM shall not be liable for any damages to, viruses that may infect, or services, repairs or corrections that must be performed, on your computer or other property on account of your accessing or use of this site. Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusions may not apply to you.

Fund Performance & Offering Memorandum

Past performance does not guarantee future results. Unit value and investment returns will fluctuate and there is no assurance that a fund can maintain a specific net asset value. Investors are cautioned that data based on less than five years' experience may not be sufficient to establish a performance track record on which investment decisions can be based.

Non-Canadian Investors

The information in this site is intended for Canadian residents. ETFCM's products are not being offered in the United States and units of the funds may not be purchased by any United States entity, either directly or indirectly. Units of the ETFCM funds managed by ETFCM will not be sold to any person residing outside Canada unless such sales are permitted under the laws of their jurisdiction. Investors should contact their investment advisors for more information.
© ETF Capital Management 2012