Cross Asset Volatility

IMPORTANT INFORMATION: This communication is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities or futures contracts. The views and opinions expressed herein reflect the author's judgment at this date and are subject to change without notice. These views may differ from those of other areas or personnel of Passaic Partners LLC ("Passaic"). Any forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ materially.

Past performance is not indicative of future results. Any performance data for Passaic strategies is presented net of fees and transaction expenses, calculated in accordance with GIPS standards, and may reflect reinvestment of earnings. Custodial fees, including margin expenses, may apply and are not included. The composition and volatility of any referenced indices may differ materially from Passaic's strategies, and there is no guarantee that a strategy will meet or exceed any index. Index performance does not reflect the deduction of fees or expenses. All market and economic data are sourced from reliable third-party sources, but Passaic makes no representation as to their accuracy or completeness.

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