Disclaimer

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Before investing you should carefully consider the investment objective, risks, charges and expenses of each of the HK Fund strategies. Please read the information carefully before investing.

An investment in the HK Fund strategies is subject to investment risk, including the possible loss of principal. Brokerage commissions and expenses will reduce investment returns. The risks associated with this fund could include factors such as calculation methodology risk, concentration risk, equity market risk, large capitalization investing risk, limited operating history risk, non-diversification risk, passive investment risk, tracking risk, sector risk, and/or other special risks of investing in public equities. Past performance is not necessarily indicative of future returns. For the HK Capital Appreciation Strategy (HKCDXT), performance of your account may not exactly match the reported performance of HKCDXT due to differences in timing of trades, portfolio weightings, cash holdings, fees, and other factors.

The universe of stocks in the HKCDXT is derived from the VettaFi US Large / Mid-Cap 1000 Index (“SNR1000”). The SNR1000 is a market-capitalization weighted index representing approximately 1000 large- and mid-cap growth stocks. Weighted average market cap is the sum of each company’s weight multiplied by its market cap. VettaFi LLC (“VettaFi”) is the source and owner of the trademarks, service marks and copyrights related to the SNR1000. Neither VettaFi LLC nor its licensees accept any liability for any errors or omissions in the VettaFi Indexes and / or underlying data and no party may rely on any VettaFi Indexes and / or underlying data contained in this communication. No further distribution of VettaFi Data is permitted without VettaFi’s express written consent. VettaFi does not promote, sponsor or endorse the content of this communication. The SNR1000 Index is a trademark of VettaFi and has been licensed for use by HK Funds LLC (“HK Funds”). HKCDXT is not in any way sponsored, endorsed, sold or promoted by VettaFi ( “Licensor”) and the Licensor makes no claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which HKCDXT is based), (ii) the figure at which HKCDXT is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of HKCDXT for the purpose to which it is being put. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to HKCDXT or to its clients. HKCDXT is calculated by VettaFi or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein. 

Irrespective of its obligations towards HK Funds, VettaFi has no obligation to point out errors in HKCDXT to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of HKCDXT by VettaFi nor the licensing of HKCDXT or HKCDXT trademark for the purpose of use in connection with the financial instrument constitutes a recommendation by VettaFi to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of VettaFi with regard to any investment in this financial instrument.

The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. The SNR500T is a proprietary VettaFi index designed to emulate the S&P 500.

VettaFi Disclaimer: VettaFi is not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of any indexes that it calculates or content that it supplies. In no event shall VettaFi be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any indexes that it calculates or content that it supplies.

Performance data quoted represents past performance and is no guarantee of future results. Performance for periods greater than one year is annualized. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. HK Funds performance utilizes back-tested data through April 30, 2025 based on criteria developed by HK Funds and quantified by VettaFi LLC