Expectation Risk Factor scores are being provided for illustrative purposes only and should not be construed as providing investment
advice or as a recommendation to buy or sell any particular security. Expectation Risk Factor scores are hypothetical in nature,
do not reflect actual investments results and are not guarantees of future results. Expectation Risk Factor scores measures the
probability that, according to the Expectation Risk Factor algorithm, a company will deliver the growth necessary to support its
stock price and are not alone a recommendation about how to invest. The Expectation Risk Factor is a risk that comes from humans
interpreting vague or ambiguous information in a systematically incorrect way. We believe that the Expectation Risk Factor causes
stocks to be mispriced. We measure how the Expectation Risk Factor affects stock prices to identify which stocks are over or under
priced. We apply our methodology to over 5,300 stocks and global indexes to identify a risk that impacts stock prices and is caused
by human behavior. Investments not included in SPACE and the ERF Library system may have characteristics similar or superior to those
being analyzed. The accuracy of the Expectation Risk Factor is materially reliant on the integrity of the information utilized in the
calculations, including any assumptions and or interpretations made by the user about the data. Data discrepancies, user assumptions,
and data input by user can all contribute to differing outcomes. The underlying assumptions and processes presented herein are subject
to change. Furthermore, any Expectation Risk Factor score referenced herein is a snapshot taken at a particular point in time and any
analysis or information contained in such score is outdated and should not be relied upon as investment advice as such information may
have materially changed since publication.
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