# Use and Risk Disclosures

**IT IS VERY IMPORTANT THAT YOU READ AND FULLY UNDERSTAND THE FOLLOWING RISKS OF TRADING AND INVESTING IN YOUR SELF-DIRECTED CACHE SECURITIES SERVICES ACCOUNT.**

All Customer Accounts are self-directed. Accordingly, unless Cache Securities LLC (“Cache Securities”) clearly identifies a communication as a recommendation, Customers are solely responsible for any and all orders placed in their Accounts and understand that all orders entered by them are unsolicited and based on their own investment decisions or the investment decisions of their duly authorized representative or agent. Consequently, any Customer of Cache Securities agrees that neither Cache Securities nor any of its employees, agents, principals, or representatives:

1. provide investment advice in connection with a Customer Account;
2. recommend any security, transaction or order;
3. solicit orders;
4. act as a market maker in any security;
5. make discretionary trades for your individual accounts; and
6. produce or provide research. To the extent research materials or similar information is available through the Cache Securities website or mobile application or the websites of any of its affiliates, these materials are intended for informational and educational purposes only and they do not constitute a recommendation to enter into any securities transactions or to engage in any investment strategies.

Cache Securities LLC (“Cache Securities”) is a broker-dealer registered with the SEC, and is a member of the [Financial Industry Regulatory Authority Inc. (“FINRA”)](https://finra.org/) and of the [Securities Investor Protection Corporation (“SIPC”),](http://www.sipc.org/) which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). For additional information and an explanatory brochure, please see [www.sipc.org](http://www.sipc.org/). SIPC does not protect against a decline in the market value of stocks.

Cache Advisors LLC (“Cache Advisors”) is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration does not imply a certain level of skill or training. Cache Advisors is a wholly-owned subsidiary of Cache. Cache Advisors’ investment advisory services are available only to residents of the United States in jurisdictions where Cache is registered. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations.

Cache Securities and Cache Advisors do not make investment recommendations to customers; customers should consider their own investment objectives prior to investing.

The content on this website is for informational purposes only and does not constitute a comprehensive description of Cache Advisors’ investment advisory services. Please refer to Cache Advisors’ Form ADV for important additional information.

The purpose of this material is to inform, and it should not be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Cache does not make any recommendations for investors to buy and sell securities. The investments mentioned may not be appropriate for all clients. All investments involve risk. Before making an investment decision, each investor should carefully consider the risks associated with the investment, and make a determination, based upon their own particular circumstances, that the investment is within their investment objectives, risk tolerance, tax, and financial situation.

Certain investments are not appropriate for all investors. Before investing, you should consider your investment objectives and any fees charged by Cache Advisors.

Cache Financials Inc. (“Cache”), which operates this website, is neither a registered broker-dealer nor a registered investment adviser. Cache Financials does not give any investment advice, analysis, or recommendations with respect to any securities. By accessing this website, you agree to be bound by our terms of service and privacy policy.

_These risk factors are not a complete enumeration or explanation of the risks involved in investing through Cache’s affiliated entities. platform._ Cache does not recommend to investors to buy or sell an Exchange Fund or any other product. The investor is responsible for their own investment decisions. _Prospective investors should review their own objectives and or consult with their own advisors prior to making any decision to invest through Cache._

The purpose of this material is to inform, and it should not be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. The investments mentioned may not be appropriate for all clients. All investments involve risk. Before making an investment decision, each investor should carefully consider the risks associated with the investment, and make a determination, based upon their own particular circumstances, that the investment is within their investment objectives, risk tolerance, tax, and financial situation.

Exchange funds are intended only for eligible, long-term investors who are willing to forego liquidity and put capital at risk for substantial periods of time. Regulations require a minimum holding period to realize the potential advantages. They may also have higher fees than traditional investments. Cache's tax counsel believes that investors who contribute appreciated stocks to the fund will not incur federal income tax liability. Tax laws might change, so clients should consult their own tax and legal advisors.  Exchange Funds defer taxation however do not make the investment tax free as the investor will still be responsible for their taxable event upon liquidation or other qualifying event.

Remember that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. The rate of return on investments can vary widely over time, especially for long-term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Any products discussed herein may be purchased only after a client has carefully reviewed the offering materials associated with each product.

To the extent, materials may contain testimonials. If testimonials are from customers, they are provided by a current Cache client and may not represent the experience of other customers. They are not guarantees of future performance or success. A conflict of interest exists in that the client has a business relationship with Cache. The testimonial is no guarantee of future performance or success. The client was not compensated for the testimonial.

## IMPORTANT DISCLOSURES - GENERAL EXCHANGE FUND RISKS

The Cache Exchange Funds mentioned within are alternative investments. Regulations require specific eligibility criteria for participation.  Cache Exchange Funds are open to either accredited investors or qualified purchasers as specified in the offering documents.

### Accredited Investor
In the US, individuals can qualify if they have an annual income exceeding $200,000 individually, or $300,000 jointly with a spouse, for the past two years and expect the same amount in the current year. Alternatively, individuals can also qualify by having a net worth greater than $1 million, either individually or jointly with a spouse, excluding the value of their primary residence.

### A Qualified Purchaser status requires individuals to comply with certain financial thresholds associated with their investments. Specifically, an individual becomes a Qualified Purchaser when they hold at least $5 million in investments. Companies or investment managers or other types of organizations may also fit this category if they have investments valued at $25 million or more.