InspereX LLC (“InspereX”) and its affiliates explicitly disclaim any responsibility for product suitability or suitability determinations related to individual investors. This information should not be regarded by recipients as a substitute for the exercise of their own independent judgment and the information provided herein is not an offer, solicitation or a recommendation to buy, sell or hold any security or investment strategy. There can be no assurance that the investments shown herein were or will be profitable and this material does not take into account any investor’s particular investment objectives, financial situation, particular needs, strategies, tax status or time horizon. Further, any material contained herein should not be considered, construed, or followed as research material.
Past performance is no guarantee of future results. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any time period.  Different time periods and market conditions may result in significantly different outcomes. Any financial product sold prior to maturity may be worth more or less than the original amount invested. Depending upon the specific product offering, investment risks include, but are not limited to, market risk, interest rate risk, credit risk, call risk and liquidity risk. Additionally, unless otherwise specified in the respective offering documentation, the product(s) discussed herein are not FDIC insured, may lose value, and are not bank guaranteed.
BondNav is a technology platform that is not registered with the U.S. Securities and Exchange Commission as a broker-dealer or member of the Financial Industry Regulatory Authority. Thus, securities listed on BondNav can only be bought or sold through Insperex LLC, a registered broker-dealer, or another registered broker-dealer. This information should not be regarded by recipients as a substitute for the exercise of their own independent judgment and the information provided herein is not an offer, solicitation or a recommendation to buy, sell or hold any security or investment strategy.
This information is subject to change without notice. Neither InspereX LLC, its affiliates, nor its partners make any representations or guarantees as to the accuracy or completeness of any information contained herein and provides no assurance that this information is, in fact, accurate. Data provided by third-party sources is believed to be reliable, and there is no representation or warranty as to the current accuracy of, or liability for, decisions made based on this material.  
Determining best execution for a particular order should include factors such as the prevailing conditions within the market(s) in question and a range of other quantitative and qualitative execution factors which may include, but are not limited to: price, inventory, liquidity, likelihood of execution and settlement, transaction size, proven expertise, discretion, speed of execution or other considerations. Given the diversity of market structures and financial instruments, it would be impractical to uniformly apply a single standard of best execution. Thus, different factors might have to be taken into account when assessing best execution in the context of different instruments and markets. 
This information does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful. The information contained herein is subject to change without notice.
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