Baker Avenue Asset Management, LP General Disclosures

Baker Avenue Asset Management, LP is an SEC registered investment adviser headquartered in San Francisco with offices located in Dallas and New York; however, such registration does not imply any level of skill or training and no inference of such skill or training should be made. Baker Avenue Asset Management, LP may only transact business in those states in which it is notice-filed, or qualifies for an exemption or exclusion from registration requirements. A copy of Baker Avenue Asset Management, LP’s current written disclosure statement discussing its business operations, services, and fees is available upon written request or may be obtained at https://adviserinfo.sec.gov/.

Past performance is no guarantee of future results. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended or undertaken by Baker Avenue Asset Management LP) or product made reference to directly or indirectly by Baker Avenue Asset Management LP on its website, or indirectly via a link to an unaffiliated third party website, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. Historical performance results for investment indices and/or categories generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results. Baker Avenue Asset Management, LP encourages you to consult with a professional financial advisor prior to making any investment decision.

There are different costs associated with different types of securities and investors may be responsible for paying fees separate and distinct from those paid to Baker Avenue Asset Management, LP to invest in such securities. Importantly, the fees specific to what Baker Avenue Asset Management, LP charges do not include certain fees and charges imposed by third parties such as custodial fees, mutual fund fees and expenses, and additional fees charged by wrap sponsors. Baker Avenue Asset Management, LP’s clients’ assets can also be subject to asset-based transaction fees, brokerage fees and commissions, retirement plan administration fees (if applicable), deferred sales charges on mutual funds, 12b-1 fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on custodial accounts and securities transactions. For mutual fund and exchange traded fund (“ETFs”) investments, investors are charged internal management fees, distribution fees and other expenses, which are described in each fund's prospectus. All custodial fees and any other charges, fees and commissions incurred in connection with transactions for a Baker Avenue Asset Management, LP client’s account are generally paid out of the assets in their managed account and are in addition to the investment management fees charged by Baker Avenue Asset Management, LP. Notably, neither Baker Avenue Asset Management, LP nor any of its employees receive any portion of the third-party fees. Investors should consider all fees that may be charged to their account and also understand that lower fees for comparable services may be available from other investment advisory firms.

Baker Avenue Asset Management LP is neither an attorney nor accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice. Furthermore, the prospective client is solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for the prospective client based on the prospective client’s investment objectives and personal and financial situation. The prospective client should consult with an investment professional, or an attorney or tax professional regarding their specific investment, legal or tax situation.

Baker Avenue Asset Management, LP Website Disclosures

Baker Avenue Asset Management, LP’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Baker Avenue Asset Management, LP’s website on the Internet should not be construed by any consumer and/or prospective client as a solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Baker Avenue Asset Management, LP does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party pertaining to Baker Avenue Asset Management, LP, whether linked to Baker Avenue Asset Management, LP’s website or incorporated herein, and takes no responsibility thereto. All such information is provided solely for informational purposes only and all users thereof should be guided accordingly.

Certain portions of Baker Avenue Asset Management, LP’s website (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Baker Avenue Asset Management, LP’s (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. This information may have been previously disseminated by Baker Avenue Asset Management, LP to its clients or associates. Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. The assumptions and projections displayed are estimates, hypothetical in nature, and meant to serve solely as a guideline. The results and analysis are not guarantees of future results because they are derived from mathematical modeling techniques of the economic and financial markets and due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Baker Avenue Asset Management, LP, or from any other investment professional. You should not rely on any opinion expressed as a specific inducement to make a particular investment or follow a particular strategy. Opinions expressed on this site or in the articles accessible are subject to change without notice and, due to the rapidly changing nature of the security markets, may quickly become outdated. Opinions are based upon information considered reliable, but neither Baker Avenue Asset Management, LP nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Although all information presented is believed to be true and accurate at the time of publication, Baker Avenue Asset Management, LP is under no obligation to update or correct any information provided on this website.

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Baker Avenue Asset Management, LP’s website, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Baker Avenue Asset Management, LP, or from any other investment professional. Each client and prospective client agrees, as a condition precedent to his/her/its access to Baker Avenue Asset Management, LP’s website, to release and hold harmless Baker Avenue Asset Management, LP, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Baker Avenue Asset Management LP.

Disclosure for Third-Party Articles and Websites

Links to third party websites and articles are provided for your convenience and informational purposes only. Baker Avenue Asset Management, LP is not responsible for information contained on third party websites, and links to third party website does not imply approval or endorsement by Baker Avenue Asset Management, LP. Baker Avenue Asset Management, LP makes no guarantee that information provided on third-party websites or contained in third-party articles is accurate or complete. Any reference to specific stocks or companies traded on a public exchange are not considered recommendations and should not be interpreted as such. BakerAvenue may currently own or may have previously owned the specific stock or company referenced, and a list of current and previous holdings may be provided upon request. Information provided on third-party websites is subject to change at any time, and reflect the views and opinions of the author and do not necessarily reflect the views and opinions of Baker Avenue Asset Management, LP or its employees. Information in any third-party articles reposted on the Firm’s social media sites, are based upon information considered reliable, but neither Baker Avenue Asset Management, LP nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Although all information presented is believed to be true and accurate at the time of publication, Baker Avenue Asset Management, LP is under no obligation to update or correct any information provided on these websites or contained in these articles. Nothing presented on any third-party website is or is intended to constitute investment advice, and no investment decision should be made based solely on any information provided therein. Past performance is no guarantee of future results. Baker Avenue Asset Management, LP has not taken into account the investment objectives, financial situations or particular needs of any individual client or investor accessing any third-party websites.

Baker Avenue Asset Management, LP Social Media Policy

Baker Avenue Asset Management, LP uses social media websites to share content, contact clients, and for other business purposes. Baker Avenue Asset Management, LP acknowledges that social media websites are considered to be a form of advertising. Therefore, in order to comply with Rule 206(4)-1 of the Advisers Act, Baker Avenue Asset Management, LP has a social media policy that outlines guidelines and requirements for social media postings by employees and/or Baker Avenue Asset Management, LP. No social media accounts can contain the publication or posting of any client testimonials, and neither Baker Avenue Asset Management, LP nor its employees will publish any testimonials or third-party advertisements that attest to Baker Avenue Asset Management, LP’s conduct as an adviser. Baker Avenue Asset Management, LP employees are prohibited from using any social media website to conduct business on behalf of the firm, or for other business purposes, unless the employee has received prior written approval from Baker Avenue Asset Management, LP’s CCO. Baker Avenue Asset Management, LP requires its employees who participate in social networking to adhere to the specific guidelines relative to any communications related to Baker Avenue Asset Management, LP and violations of this policy may result in disciplinary action which may include termination for Baker Avenue Asset Management, LP’s employees. Clients and prospective clients may contact Baker Avenue Asset Management, LP with any questions regarding the social media policy or to request a copy of the policy.