Disclaimers

Our mutual fund and ETF recommendations do not take account whether selling shares of a particular fund is something you should do, given your tax considerations, a mutual fund's limits on selling shares that have not been held for a requisite period, and, of course, your overall investment needs.

No Performance Guarantees
The information contained on this Web Site contains our best estimates and projections of the performance of our model portfolios. However, we cannot guarantee performance of any particular mutual fund or ETF. While a specific mutual fund or ETF's may have or may be performing at certain levels, there is no guarantee that any fund's performance will continue in the future. In addition, although reducing risk is a key part of our investment strategy, there is no guarantee risk can be avoided. There is always a risk of loss involved when investing in securities markets, even when investing through mutual fund shares and ETFs.

Mutual Fund and ETF Returns
The mutual fund returns shown are total returns after expenses; the returns include the change in the total value of the investment assuming the reinvestment of all income and capital gains distributions during the periods for which returns are provided. Returns on ETFs are based upon market pricing, similarly to individual stock returns.

Limitations on Use of Model Portfolios
Model portfolio returns do not reflect actual investments in the mutual funds or the ETFs included in the portfolios. The use of model portfolios is an accepted methodology for testing an investment strategy vis-a-vis the performance of the mutual fund and ETF securities included in the portfolio. However, there are certain limitations on using model portfolios. Where the portfolio tracks prior performance (as opposed to current performance) of mutual funds or ETFs, the performance of the model portfolio will not reflect the affects of the securities markets or other financial conditions existing at the time of the performance. In addition, it will not be possible to achieve the specific performance of the model portfolios due to such things as the amount that would be actually invested, the timing of the investments, and whether it is appropriate or possible for the individual investor to buy or sell securities when the models signal a change.

Risks associated with actual investments in the mutual funds and ETFs included in the model portfolios differ significantly from actual investments in those securities. Therefore, basing investment decisions on performance of model portfolios should also include an investor's careful consideration of the investor's risk tolerance. Because Kinetic Financial does not have information on your financial circumstances, you will need to analyze whether the mutual funds and ETFs contained in the model portfolio are suitable for you and your investment needs.

Investments by Kinetic Financial Principals
Principals of Kinetic Financial will invest in certain of the mutual funds and ETFs that we recommend, including the model portfolios recommended on the Web Site. In certain cases, principals may own or invest in the mutual funds or ETFs prior to recommending them on the site.

Other than such investments, Kinetic Financial has no position of interest in any of the mutual funds and ETFs recommended. Please be assured that Kinetic Financial and its principals are not touting[2] securities in which they have interests. We invest in certain of the mutual funds and ETFs we recommend because we believe they are good investments. At other times, due to our own personal investment needs, Kinetic Financial principals may personally sell certain mutual funds or ETFs while we continue to recommend them for purchase on the Kinetic Financial Web Site. We will only continue to recommend these mutual funds or ETFs when we believe that the securities are still good investments.

S&P 500 Index
The performance benchmark used in Kinetic Financial Web site is Standard and Poor's500 Stock Total Return Index (the "S&P 500 TR'). The S&P 500 TR is widely regarded as a gauge for the U.S. equities market performance.  S&P 500 index as reported does not include reinvestment of dividends. However, the S&P 500 TR index does include reinvestment of dividends. The S&P 500 is an unmanaged index that includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the largecap segment of the market, with approximately 75% coverage of U.S. equities market capitalization, it also serves as a rough proxy for the total U.S. market. The S&P 500 is maintained by the S&P Index Committee, a team of Standard & Poor's economists and index analysts, who meet on a regular basis. The goal of the Index Committee is to ensure that the S&P 500 remains a leading indicator of U.S. equities, reflecting the risk and return characteristics of the broader largecap universe on an on-going basis. The Index Committee also monitors constituent liquidity to ensure efficient portfolio trading, while keeping index turnover to a minimum. While this description and all index information presented in the Web Site have been carefully reviewed, its accuracy cannot be guaranteed.

Third-party Information
The information we provide is believed to be accurate, however, we do rely upon the mutual funds, the exchanges, and other third parties for information about the funds. We cannot guarantee the accuracy of such information.

Terms of Use
See the Terms of Use and the Consumer Subscription agreements for more information on limits of liability related to the Kinetic Financial Web Site. These Disclaimers have been incorporated by reference into the Terms of Use and Consumer Subscription agreements.

Copyright 2006 Kinetic Financial Inc. All Rights Reserved.

[1] Morningstar generally defines, an ETF as a basket of securities that is traded, like individual stocks, on an exchange.

[2] The term "tout" is an action "to promote a particular security aggressively, usually done by a corporate [spokesperson], public relations firm, broker, or analyst with a vested interested in promoting the stock." The description goes on to note that "outing stock is unethical if it misleads investors." See Dictionary of Finance and Investment Terms, Barron's Financial Guides (Fourth Edition1995).