This communication is for information purposes only and is not intended to be viewed as independent investment research. It is not an invitation to buy or sell any of the securities/strategy referred to in the document and is not a personal recommendation or advice on investments, taxation or on any other matter. This communication has been prepared by Swarm Technology™ which is a trading name of Privium Fund Management (UK) Limited (“Privium”) and used under licence from Sintrad Limited. Privium is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. It is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The strategy is only available to Professional Clients or Eligible Counterparties as defined by the FCA, and in compliance with local law. This communication is not intended for distribution in the United States (“US”) or for the account of US persons, as defined in the Securities Act of 1933, as amended, except to persons who are “Accredited Investors”, as defined in that Act and “Qualified Purchasers” as defined in the Investment Company Act of 1940, as amended. It is not intended for distribution to Retail Clients. We believe the information in the document is based on reliable sources, but its accuracy cannot be guaranteed. The views expressed are the views of Privium at the time of publication and may change. Where this document contains “forward-looking” information, including estimates, projections and subjective judgement and analysis, no representation is made as to their accuracy or that these projections will be realised. Privium is not liable for any losses relating to the accuracy, completeness or use of information in this communication, including any consequential loss. This document is confidential and is intended only for the recipient’s own internal use and under no circumstances may a copy be shown, made, transmitted, or otherwise given to any person other than the initial recipient without the prior written consent of Swarm Technology™. Where comparisons are made to an index, this is for information only and should not be interpreted to mean that there is a correlation between the portfolio and the index. We do not control and are not responsible for third-party websites. Past performance does not predict future results and the capital value of the investments and the income generated can fluctuate. Where investments are exposed to currencies other than the base currency of the account, they may be subject to foreign exchange rate fluctuations. Your capital is at risk. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG. The historic live data has been provided by Shirlock Holdings Limited, a family office vehicle registered In Cyprus. From March 2022 we are reporting figures that have been audited and compiled by a 3rd party expert firm directly from broker statements. Copyright©2022, Privium Fund Management (UK) Limited. All rights reserved.