By entering our website, you acknowledge your agreement with and understanding of the following Terms of Use. Terms of Use constitute a binding agreement between you and MSP Capital Management, L.L.C. (DBA “Montgomery Street Partners”) and governs your access and use of our website. MSP may change the Terms of Use from time to time and modifications will be effective immediately upon posting unless we indicate otherwise. Your use of our website indicates your full acceptance of these Terms of Use in its then current form each time you access our website.

Restrictions on use

Any person using this website is not permitted to decompose, decompile, reverse engineer, disassemble or other deconstruct any portion of this website. You may not publish, broadcast, retransmit, reproduce, repackage, commercially exploit, create any derivative of or otherwise redistribute all or any portion of this website except as explicitly permitted in these Terms of Use.

Information purposes only

Nothing in this website is an offer or solicitation to buy or sell any security. Although the website may include investment related information, nothing on this website is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy. Nothing on this website is intended to be, and you should not consider anything on the website, investment, accounting, tax or legal advice. Past performance of any investment or investment strategy is not indicative of future performance. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past or that significant losses will be avoided. Economic factors, market conditions and investment strategies will affect the performance of our investments, and

MSP is not utilizing this website to provide investment or other advice, and no information or material on this website is to be relied upon for the purpose of making or communication investment or other decisions.

Risks you assume

Information on the website speaks only as of the date indicated. While we make reasonable efforts to provide accurate information, we may not promptly update or correct the website even if we are aware that it is inaccurate, outdated or other inappropriate. You agree that we are not responsible for any action that you take or decision you make in reliance on any information contained in this website.

No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Past results are not indicative of future performance and are no guarantee that losses will not occur in the future. Future returns are not guaranteed and a loss of principal may occur.

We may monitor activity on our website

We may, but have no obligation to, monitor and record activity on our website for any reason or for no reason.

International Use

Due to the global nature of the internet, this website may be accessed by users in countries other than the United States. We make no warranties that materials on this website are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this website, then you should not do so. Those who choose to access this website outside the United States do so at their own initiative and are responsible for compliance with all local laws and regulations.

Disclaimer of warranties

You acknowledge that we provide the contents of this website on an “as is” basis with no warranties of any kind. We disclaim all representations and warranties, express or implied, of any kind with respect to this website, including warranties of merchantability, fitness for a particular purpose and non-infringement of intellectual property and proprietary rights. Without limiting the foregoing, we do not warrant the availability, accuracy, completeness, timeliness, functionality, reliability, speed or delivery of the website or any part of the information contained in this website. Your use of this website and use or reliance upon any materials on it is solely at your own risk.

Limitation of liability

Neither we nor any of our affiliates, agents, employees or consultants are responsible for any damages, liabilities or injury, including but not indirect, incidental, special, punitive or consequential damages, however caused arising out of your use of this website or these Terms of Use. Our liability is limited to the maximum extent permitted by law and is limited even if we have been advised of the possibility of the damages, liability or injury that you suffer of if any remedy you have fails of its essential purpose, including any damages, liabilities or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure or other computer malfunction. Without limiting the foregoing, under all circumstances, the maximum liability of MSP, our affiliates, agents, employees or consultants to any user of the website with respect to this website is $100.

Governing law

You agree that your use of this website and any disputes relating to the website or these Terms of Use shall be governed in all respects by the laws of the State of Texas. Any dispute relating to the above shall be brought solely in the state or federal courts located in Dallas, Texas, and it is agreed that such courts shall have jurisdiction over the parties to these Terms of Use and any disputes arising hereunder.