Welcome Millennium Trust

All financial information is as of February 28, 2022, unless otherwise indicated.

The views and opinions expressed are those of the speaker(s) but not necessarily those of Institutional Capital Network, Inc. or its affiliates (together “iCapital Network”). Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, and are valid only as of the date of this communication. All information contained herein is subject to change without notice and is incomplete. Any information provided by third party sources is believed to be reliable but has not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities or financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Any industry information or its importance is an opinion only and should not be relied upon as the only important information available. Any indices mentioned are measures of common market sectors and performance, and it is not possible to invest directly in an index. This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital Network or any other person. Past performance is not indicative of future results. Alternative investments such as those described are complex and not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment’s investment objectives will be achieved or that investors will receive a return of their capital. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. All rights reserved.

Please read the important disclosures below.

www.icapitalnetwork.com is a website operated by Institutional Capital Network, Inc. (together with its affiliates, "iCapital") and supervised by iCapital Securities, LLC, a member FINRA and SIPC. iCapital Advisors, an SEC registered investment advisor is the general partner of certain funds as indicated on the relevant fund page. By accessing this website, you agree to be bound by its Privacy Policy and Terms of Service.

The information on this website does not constitute an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security described herein. Any such offer or solicitation shall be made only pursuant to the final offering documents of any fund described on this website, which will contain information about each fund's investment objectives and terms and conditions of an investment and may also describe certain risks and tax information related to an investment therein and which qualifies in its entirety the information set forth herein. The information contained herein does not constitute part of the offering documents of any fund. Prospective investors should read the offering materials of any investment product, including all risk and conflict disclosures included therein, before investing. This material does not take into account the particular investment objectives, restrictions, or financial, legal or tax situation of any specific investor. An investment in the fund is not suitable for all investors. The information contained herein should be treated in a confidential manner and may not be reproduced or used in whole or in part for any other purpose.

An investment in alternative investment funds, such as the funds included on this website, entails a high degree of risk (including the possible loss of a substantial part, or even the entire amount, of an investment) and no assurance can be given that any alternative investment fund's investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments may not be subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described typically involve long lock-ups and do not provide investors with liquidity.

Past performance does not guarantee future results.

Certain data on this site has been calculated and/or provided by a third party data provider or by the general partner or investment manager of the relevant fund, in which case it will be specifically identified by the phrase “Source: Fund Manager”. In either case, data has not been independently verified or confirmed by iCapital or any other party, and iCapital does not assume any liability that may arise from the inaccuracy of such data. iCapital makes no representation or warranty as to the completeness, adequacy or accuracy of any information provided by a third party data provider or a fund manager.