Investment Disclaimer

PortfolioWiser is not an investment firm, portfolio manager, financial advisor, or credit institution as defined under the Markets in Financial Instruments Directive II (MiFID II — Directive 2014/65/EU) or the Markets in Financial Instruments Regulation (MiFIR — Regulation (EU) No 600/2014). We are not authorised or regulated by any EU national competent authority, the European Securities and Markets Authority (ESMA), or any equivalent financial regulatory body in any jurisdiction.

Nothing on this Platform constitutes investment advice, financial advice, trading advice, legal advice, tax advice, or any other professional advice. The Platform is provided solely for educational, informational, and research purposes.

All content on PortfolioWiser — including strategy data, backtested results, portfolio models, rebalancing signals, allocation tables, performance charts, and AI Assistant responses — is provided for educational and research purposes only. This content is designed to help you learn about systematic investment approaches and explore quantitative investment methodologies, not to direct your specific investment decisions.

You should not base investment decisions solely on information provided by this Platform. Before making any investment decision, you should consult a qualified, licensed financial advisor who understands your complete financial situation, investment goals, time horizon, and risk tolerance.

Backtested performance results presented on this Platform are hypothetical and simulated. They are based on the application of a strategy's rules to historical price data after the fact. Backtested results have significant inherent limitations and do not represent actual trading results. Specifically:

Hindsight Bias: Strategy rules are applied with the benefit of knowing historical outcomes. This may create an appearance of superior performance that would not have been achievable in real-time trading.

No Transaction Costs: Unless explicitly stated, backtested results do not account for brokerage commissions, bid-ask spreads, slippage, market impact, or other transaction costs that would reduce actual returns.

Survivorship Bias: Historical data may disproportionately reflect securities and asset classes that survived the period tested, excluding those that were delisted, merged, or went to zero.

Look-Ahead Bias: While we endeavour to eliminate look-ahead bias in our models, the risk exists that historical data used in backtests may have incorporated information not available to investors at the time.

No Guarantee of Replicability: Market conditions, liquidity, fund availability, and other factors mean that individual investors may not be able to replicate backtested results exactly.

Short History / Data Mining: Some strategies may have been tested over limited historical periods or across many parameter combinations, which can cause over-optimised results that do not generalise to future periods.

Historical and backtested performance data presented on this Platform is not indicative of future results. This statement is consistent with ESMA guidelines on marketing communications. Investment strategies that have performed well historically may underperform or lose money in the future. All investments involve risk, including the potential loss of the entire amount invested. Returns will vary, and an investment's value will fluctuate over time.

Your use of PortfolioWiser does not create a fiduciary, advisory, or client relationship between you and PortfolioWiser, its employees, or its affiliates. We have no duty to act in your best interest. We are not responsible for the suitability of any strategy or portfolio for your specific circumstances.

The investment strategies and methodologies available on this Platform are based on, or inspired by, published academic research and publicly available investment literature. We reference this research to provide context and transparency about the origins of the methodologies. We do not claim ownership of the underlying academic frameworks. The implementation of these frameworks within our Platform, including our software tools, data processing, and user interface, represents our proprietary work.

The reference to academic research does not imply endorsement of our Platform by the authors of that research, nor does it guarantee the accuracy of our implementation.

The AI Assistant feature on PortfolioWiser is a general-purpose conversational tool that provides information about platform features, investment concepts, and general educational content about asset allocation strategies. The AI Assistant:

• Does not provide personalised investment advice

• Does not know your complete financial situation, income, debts, tax position, or goals

• May produce responses that are incomplete, inaccurate, or outdated

• Is not a substitute for a qualified financial advisor

• Does not have real-time market data unless explicitly stated

• Should not be relied upon to make specific buy, sell, or hold decisions

AI-generated responses reflect the state of the model's training data and our prompting instructions and may not account for recent developments in markets, regulations, or academic research.

All investing involves risk. Tactical asset allocation strategies involve frequent rebalancing, which may generate significant transaction activity and associated costs. Certain strategies may employ leverage or inverse positions, which can amplify losses as well as gains. International investing involves currency risk, political risk, and regulatory risk. Fixed income investments are subject to interest rate risk and credit risk. Commodity-related investments are subject to unique risks including price volatility and geopolitical events.

You should carefully consider your investment objectives, financial resources, and risk tolerance before investing. You should be prepared to sustain a total loss of your invested capital.

PortfolioWiser does not provide tax advice. Tax treatment of investment gains and rebalancing transactions varies significantly across EU member states and other jurisdictions. Tactical asset allocation strategies that involve frequent rebalancing may generate significant taxable events. You should consult a qualified tax advisor in your jurisdiction to understand the tax implications of any investment strategy before implementing it.

While we make every reasonable effort to ensure that data, calculations, and content presented on the Platform are accurate and up to date, we do not warrant the accuracy, completeness, or timeliness of any information on the Platform. Data may be delayed, contain errors, or reflect calculations based on assumptions that may not hold in all circumstances. Market data is sourced from third-party providers and is subject to the limitations and errors of those sources. You should independently verify any data before relying on it for investment decisions.

Certain content on the Platform may include forward-looking statements, projections, or scenarios based on historical data and model assumptions. These statements involve known and unknown risks and uncertainties and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in any forward-looking content. We are not obligated to update forward-looking statements to reflect new information, subsequent events, or changed circumstances.

You are solely responsible for:

• Evaluating the suitability of any strategy or portfolio for your personal financial situation

• Making and implementing your own investment decisions

• All investment gains, losses, and tax consequences arising from your use of Platform information

• Ensuring that any investment activity you undertake complies with applicable laws and regulations in your jurisdiction

• Consulting appropriate professional advisors (financial, legal, tax) before making significant investment decisions

PortfolioWiser is established in the European Union. The Platform does not constitute a financial instrument, investment fund, UCITS, alternative investment fund (AIF), or regulated financial service under MiFID II, the UCITS Directive (2009/65/EC), or the Alternative Investment Fund Managers Directive (AIFMD — Directive 2011/61/EU).

Access to and use of the Platform may be restricted or prohibited in certain jurisdictions. It is your responsibility to ensure that your use of the Platform complies with the laws of your country or region. The Platform is not intended to be distributed to or used by any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation.

Users outside the EU should be aware that their local financial regulations may impose additional or different requirements on the use of investment-related information and tools.

We may update this Investment Disclaimer from time to time to reflect changes in our services, applicable law, or regulatory requirements. Updated disclaimers will be posted on this page with a revised "Last updated" date. Your continued use of the Platform after any changes constitutes acceptance of the updated disclaimer.

For questions about this disclaimer or the nature of our services:

Email: support@portfoliowiser.com

Website: portfoliowiser.com