Risk Disclosure

1. General Risk Warning

Investing involves significant risk and is not suitable for all investors. Past performance is not indicative of future results. Before investing, carefully consider your financial objectives, risk tolerance, and consult with a qualified financial advisor. Commodity prices can be volatile and are influenced by market demand, geopolitical events, weather conditions, and regulatory changes.

2. Market Risks

Financial markets are inherently unpredictable. The value of your investments can go down as well as up. You may not get back the full amount you invested. Market risks include but are not limited to:

• Price volatility in equities, fixed income, commodities, and currencies
• Liquidity risk—some investments may be difficult to sell quickly
• Interest rate fluctuations affecting bond valuations
• Inflation eroding purchasing power
• Geopolitical events causing sudden market dislocations
• Regulatory changes impacting specific sectors or instruments

3. Commodity-Specific Risks

Commodities and commodity-linked instruments carry unique risks:

• Concentration Risk: Commodity prices can be highly concentrated and influenced by a small number of producers or consumers.
• Weather and Natural Events: Agricultural commodities are particularly susceptible to drought, floods, and climate anomalies.
• Political Risk: Energy and metals markets are affected by sanctions, trade disputes, and nationalization risks.
• Storage and Transportation: Physical commodities may incur storage costs, spoilage, or logistical disruptions.
• Leverage: Futures and options on commodities often involve leverage, which amplifies both gains and losses.

4. Options and Futures Risk

Options and futures trading involves substantial risk of loss and is not suitable for every investor. Clients may lose more than their original investment. Specific risks include:

• Time Decay: Options lose value as they approach expiration.
• Margin Calls: Futures positions may require additional funds on short notice.
• Unlimited Loss Potential: Certain short options strategies have theoretically unlimited risk.
• Volatility Sensitivity: Options pricing is highly sensitive to implied volatility changes.
• Assignment Risk: Short options may be exercised at any time before expiration.

5. Performance Disclaimer

Past performance is not indicative of future results. All investment strategies have the potential for profit or loss. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown on our website or in marketing materials.

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity.

6. Third-Party Risk

Your assets are held with independent third-party custodians. While we select custodians based on financial stability and regulatory standing, we cannot guarantee their solvency or protect against custodian failure. Clients are advised to review the financial health of any custodial institution holding their assets.

7. Cybersecurity Risk

Despite our implementation of industry-standard security measures, no system is entirely immune to cyberattacks, data breaches, or unauthorized access. Clients should use strong passwords, enable multi-factor authentication, and monitor their accounts regularly.

8. Currency and Foreign Exchange Risk

Investments denominated in foreign currencies are subject to exchange rate fluctuations. Currency movements can increase or decrease the value of your investments independently of the underlying asset performance.

9. Regulatory and Tax Risk

Laws and regulations affecting financial markets and investment products may change. Tax treatment of investment income, gains, and losses varies by jurisdiction and may change over time. Clients are responsible for understanding and complying with applicable tax obligations and should consult a tax professional.

10. No Guarantees

Prestige Global Advisors does not guarantee the performance of any investment strategy or the return of any capital. All investments carry the risk of loss, including the potential loss of principal.