Past performance is no guarantee of future returns.Disclaimer – Articles, opinions, and/or commentary written by Toroso Investments, LLC (“Toroso”) and/or its advisory personnel, which are published on ETF.com, are for informational and educational purposes only; are not intended to constitute legal, tax, accounting or investment advice; and do not constitute an offer to sell or a solicitation of an offer to buy any security or service. Securities discussed are presented for illustration purposes only and are generally selected because they are relevant examples of the respective points being made. Toroso and/or its supervised persons and/or clients may have a beneficial interest in any security discussed and thus a conflict of interest may exist when Toroso and/or its advisory personnel write articles, opinions, and/or commentary that is published on ETF.com. Securities discussed do not represent all of the securities previously or currently purchased, sold or recommended to Toroso’s advisory clients and may not have been previously or currently recommended to Toroso’s advisory clients.It should not be assumed that any securities discussed in articles, opinions, and/or commentary written by Toroso and/or its advisory personnel were or will prove to be profitable or that Toroso and/or its supervised persons and/or clients achieved any results that are discussed. Furthermore, Toroso and/or its related persons may take actions for their own accounts and/or the accounts of Toroso’s clients that are not in conformity with and may be contrary to information conveyed in articles, opinions, and/or commentary written by Toroso and/or its advisory personnel that are published on ETF.com. Investments or strategies discussed may not be suitable for all investors and should not be considered a recommendation to purchase or sell any particular security. Investors should make their own investment decisions based on their specific investment objectives and financial circumstances and are encouraged to seek professional advice before making any decisions.While Toroso has gathered the information presented from sources that it believes to be reliable, Toroso cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed are Toroso’s opinions and do not reflect the opinions of any affiliates or related persons. All opinions are current only as of the date of initial publication and are subject to change without notice. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested.