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Important Legal Information

Information contained in the Investment Professional section of this Web site is intended for investmentprofessionals only and is published strictly for informational purposes.

The information is not intended for distribution to, or use by, investment professionals in a jurisdiction where such distribution is not authorized.

The information on this Web site is not appropriate for distribution to or use by individual investors.

By 'accepting' this agreement you are representing that you are an investment professional and that you will notdistribute the information available through the Web site to any another person who would not otherwise have accessto such information through the registration process, including, but not limited to, the general investing public.

SteelPath neither has nor expects to receive information about the investment objectives, risk tolerance, or financial circumstances of your individual clients.

It is your sole responsibility to make investment decisions on behalf of your clients.

The opinions and views expressed in the content and commentaries published on the Web site are solely opinions andviews of the SteelPath professional who authored them - they are published on the Web site for informational purposes only.Any views and opinions are based on information that was available at the time and may not be shared by SteelPath,or its employees. As the investing landscape changes, so could the validity or usefulness of this information, andSteelPath has no responsibility to update it.


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I am an investment professional.

I understand that my login and other security information are confidential.

I will not share my login or any other security information with anyone.

I understand that I am fully responsible for all activities that occur under my login and that if Ishare my login or any other security information, that I waive any and all claims I may have against SteelPath.

I further understand that SteelPath won't be liable for acting on instructions received online if SteelPath usesreasonable procedures to ensure the authenticity of the instructions.

I understand that SteelPath makes reasonable efforts to ensure the material on the site is as accurate and timelyas possible and that disruptions of service are minimal. But SteelPath makes no warranty or guarantee concerning theavailability of this Web site or the services or the accuracy of the information on it.

In registering for the Site, I agree to provide accurate, true, current, and complete information about myself asrequested by the registration screen. SteelPath Funds has the right to cancel my registration for this Site if itlearns that the information you provided is erroneous, fraudulent or misleading, or in the event of any misuse ofmy ID. My ID is specific to me individually and I will be the only authorized user of the Site under this Agreementand will be fully responsible for all activities that occur under my ID.

Accordingly, I will take precautions to protect the confidentiality and use of my ID.

I understand that the information contained on the Web site is not intended to constitute investment advice,an offer to sell, or a recommendation of any security or investment product.

I further understand that this information is not a prediction of future performance and that nothing on thisWeb site is intended to constitute legal or tax advice.

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Terms of Service

Access to the SteelPath Fund Advisors Web site defined below is provided by SteelPath. For purposes of this agreement, “SteelPath” shall mean SteelPath Fund Advisors, its affiliates, and their officers, directors, managing directors, partners, and employees. The “SteelPath Web site” shall mean the Web site of SteelPath Fund Advisors available to the general public, without registration, and located at steelpath.com, and select other domains.

Monitoring by SteelPath: Your use of the products and services on this Web site may be monitored by SteelPath, and that the resultant information may be used by SteelPath for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization.

Information Made Available Through this Service: You are permitted to store, display, analyze, modify, reformat, and print the information made available to you via these services only for your own use. You are not permitted to publish, transmit, or otherwise reproduce this information, in whole or in part, in any format to any third party without the express written consent of SteelPath. In addition, you are not permitted to alter, obscure, or remove any copyright, trademark or any other notices that are provided to you in connection with the information. SteelPath reserves the right, at any time and from time to time, in the interests of its own editorial discretion and business judgment to add, modify, or remove any of the information. These Terms and Conditions of Use are not intended to, and will not, transfer or grant any rights in or to the information other than those which are specifically described herein, and all rights not expressly granted herein are reserved by SteelPath or the third party providers from whom SteelPath has obtained the information. You are required to read and abide by any additional terms and conditions that may be posted on this service from time to time concerning information obtained from specific third party providers. Such third party providers shall have no liability to you for monetary damages on account of the information provided to you via this service.

No warranties made as to content; no responsibilities to update: SteelPath makes no warranty, express or implied, concerning this service. The services provided by us and our third party providers are on an “AS IS” basis at your sole risk. SteelPath expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability.

Neither SteelPath nor any of its third party providers shall have any responsibility to maintain the data and services made available on this Web site or to supply any corrections, updates, or releases in connection therewith. Availability of data and services are subject to change without notice.

No liability for content; no liability arising from use: SteelPath shall have no liability, contingent or otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between SteelPath and you, regardless of whether the connection or communication service is provided by SteelPath or a third party service provider. SteelPath shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this Web site or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. In no event will SteelPath be liable for any special, indirect, incidental, or consequential damages which may be incurred or experienced on account of you using the data or services made available on this Web site, even if SteelPath has been advised of the possibility of such damages. SteelPath will have no responsibility to inform you of any difficulties experienced by SteelPath or third parties with respect to the use of the services or to take any action in connection therewith.

No warranties made as to security: SteelPath makes no warranty whatsoever to you, express or implied, regarding the security of the site, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through this service.

System Outages, Slowdowns, and Capacity Limitations/Delays in Order Routing, Executions, and Trade Reports: As a result of high Internet traffic, transmission problems, systems capacity limitations, and other problems, you may, at times, experience difficulty accessing the Web site or communicating with SteelPath through the Internet or other electronic and wireless services. Any computer system or other electronic device, whether, it is yours, an Internet service provider’s or SteelPath’s can experience unanticipated outages or slowdowns, or have capacity limitations.

Content not to be construed as a solicitation or recommendation: This material has been prepared for informational purposes only without regard to any particular user’s investment objectives, financial situation, or means, and SteelPath is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions, including those involving futures, options, and high-yield securities, give rise to substantial risk and are not suitable for all investors. Although this material is based upon information that SteelPath considers reliable and endeavors to keep current, SteelPath has not verified this information and does not represent that this material is accurate, current, or complete and it should not be relied upon as such.

No determination of suitability has been made; not all risks are disclosed; private advisors should be consulted: The fact that SteelPath has made the data and services provided on this Web site available to you constitutes neither a recommendation that you enter into a particular transaction nor a representation that any product described on this Web site is suitable or appropriate for you. Many of the products described on this Web site involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and has independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks which are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you may want to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions.

No representations made as to other sites or links: This service may provide links to certain Internet sites (the “Sites”) sponsored and maintained by third parties. SteelPath is providing such links solely as a convenience to you. Accordingly, SteelPath makes no representations concerning the content of the Sites. The fact that SteelPath has provided a link to the Site does not constitute an endorsement, authorization, sponsorship, or affiliation by SteelPath with respect to the Site, its owners, or its providers. SteelPath has not tested any information, software, or products found on any of the Sites and therefore does not make any representations with respect thereto, including any representations regarding the content or sponsors of the Site, or the suitability or appropriateness of the products or transactions described therein.