Terms of Use

As of: May 2026

These Terms of Use, together with any applicable Supplemental Terms (as defined below) (collectively referred to as the “Terms”), set out the legally binding conditions governing your access to and use of this website, as well as any other website or application that links to or references these Terms (collectively, the “Website”). These Terms form a legal agreement between BCM Capital Management and its affiliates (“BCM,” “we,” “us,” or “our”) and you. Please read them carefully.

Acceptance of the Terms

By accessing or using the Website, you confirm that:

. You have read, understood, and agree to be bound by these Terms;

. You will comply with these Terms; and

. You are of legal age in your jurisdiction and have the legal capacity to enter into a binding agreement.

. If you do not agree to these Terms, you should not use this Website.

IMPORTANT NOTE

Please carefully review the sections titled “NO WARRANTIES,” “LIMITATIONS OF LIABILITY,” “LIMITATION ON TIME TO FILE CLAIMS,” “INDEMNITY,” and “GOVERNING LAW.” These sections may affect your legal rights by limiting:

. Where you are permitted to bring a claim;

. How any claims are resolved;

. The time period within which claims may be filed; and

. Our overall liability to you.

Supplemental Terms

Certain pages, services, or sections of the Website, or access from specific jurisdictions or for specific purposes, may be subject to additional terms, conditions, disclosures, or disclaimers (“Supplemental Terms”).

In the event of any conflict between these general Terms and any Supplemental Terms, the Supplemental Terms will govern for the relevant section, page, jurisdiction, or purpose for which they apply.

Changes to the Terms

AQR BCM may update, modify, or supplement these Terms at any time, without prior notice and at our sole discretion.

You are encouraged to review the Terms each time you access the Website. The “Last Revised” date at the top of the page indicates when the Terms were most recently updated. Any changes become effective once posted and apply only to use of the Website after that date.

By continuing to access or use the Website after the Terms have been updated, you agree to be bound by the revised Terms.

No Offer or Advice

You acknowledge that all content provided on this Website (the “Content”) is for general informational purposes only and does not constitute an offer, solicitation, or recommendation to buy, sell, or hold any securities, nor does it represent a commitment to engage in any transaction or business arrangement.

You further understand that none of the Content should be interpreted as investment advice or as a recommendation of any particular investment strategy. All Content is provided without consideration of your personal circumstances and should not be relied upon for investment or other decision-making purposes.

You are solely responsible for any decisions you make based on the Content, including the assessment of associated risks. You agree to seek independent professional advice (legal, financial, tax, accounting, or otherwise) before making any decisions based on information provided through the Website.

The information on this Website is not intended to constitute investment, legal, tax, accounting, consulting, or other professional advice or services, and should not replace consultation with qualified advisors.

Unless expressly agreed otherwise, BCM does not provide investment advice, does not receive or transmit orders, and does not carry out investment services or regulated activities (as defined under applicable frameworks such as MiFID II in the European Union or equivalent UK regulations) for Website users.

Risk Factors

INVESTING IN ANY FUNDS, ACCOUNTS, OR STRATEGIES REFERENCED ON THIS WEBSITE INVOLVES SIGNIFICANT RISK, INCLUDING THE POSSIBLE LOSS OF ALL OR PART OF THE INVESTED CAPITAL. THERE IS NO GUARANTEE THAT ANY INVESTMENT OBJECTIVES WILL BE ACHIEVED, AND RETURNS MAY VARY OVER TIME.

INVESTMENTS DESCRIBED ON THIS WEBSITE ARE NOT SUITABLE FOR ALL INVESTORS.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

OFFERING DOCUMENTS, INVESTMENT MANAGEMENT AGREEMENTS, AND ACCOUNT OPENING MATERIALS CONTAIN IMPORTANT RISK INFORMATION SPECIFIC TO EACH FUND, ACCOUNT, OR STRATEGY. THESE SHOULD BE REVIEWED CAREFULLY BEFORE MAKING ANY INVESTMENT DECISION.

INVESTORS SHOULD REVIEW ALL RELEVANT DOCUMENTATION IN FULL, INCLUDING PROSPECTUSES AND DISCLOSURE MATERIALS, AND CAREFULLY CONSIDER INVESTMENT OBJECTIVES, RISKS, FEES, AND CHARGES BEFORE INVESTING. INDEPENDENT FINANCIAL ADVICE MAY BE APPROPRIATE.

EXCHANGE RATE FLUCTUATIONS MAY AFFECT THE VALUE OF INTERNATIONAL INVESTMENTS AND RELATED INCOME. TAX RULES AND RELIEFS MAY CHANGE OVER TIME, AND THEIR VALUE DEPENDS ON INDIVIDUAL CIRCUMSTANCES. INVESTORS SHOULD CONSULT THEIR OWN TAX ADVISER REGARDING ANY POTENTIAL TAX CONSEQUENCES.

Third Party Content

BCM does not accept any responsibility or liability for information accessed through hyperlinks to or from third-party websites. The presence of such hyperlinks should not be interpreted as an endorsement, approval, or verification by BCM of any content found on external websites.

These links are provided solely as a convenience to users and for informational purposes only. By providing access to third-party websites, BCM is not recommending or endorsing the purchase or sale of any products, services, or securities offered by the sponsoring organizations of those websites.

BCM does not review, monitor, or control the content of any third-party or external websites. If you choose to access any linked website, you do so entirely at your own risk.

Privacy and Use of Personally Identifiable Information

In addition to these Terms, your access to and use of the Website is also governed by our Website Privacy Policy (the “Privacy Policy”), which is incorporated into these Terms by reference where applicable.

The Privacy Policy includes additional information regarding the collection, use, and disclosure of your personal data, where relevant. By using the Website, you confirm that you have read, understood, and agreed to the Privacy Policy.

Cyber Security

BCM takes reasonable measures to protect the privacy and security of information and the integrity of its Website. However, BCM cannot guarantee that your information will never be accessed, disclosed, or used in a manner inconsistent with these Terms.

Accordingly, BCM makes no warranties or representations regarding the absolute security or adequacy of its security systems and safeguards.

Copyright and Trademarks

All trade names, trademarks, service marks, trade dress, logos, and other source identifiers displayed on the Website, as well as all information and content made available through the Website (including, but not limited to, strategies, policies, business plans, research, concepts, and related materials, collectively referred to as the “Content”), are the proprietary property of BCM or third parties and are protected under applicable copyright, trademark, unfair competition, and other intellectual property laws.

You are not permitted to reproduce, modify, copy, alter, distribute, sell, resell, transmit, transfer, license, assign, or publish any content obtained from this Website without the prior express written consent of BCM.

You agree not to use this Website for any unlawful purpose and further agree to comply with all applicable local, national, and international laws and regulations when accessing or using the Website.

All BCM names, logos, and brand identifiers displayed on this Website that relate to BCM services or products are proprietary assets. Any unauthorized use of such names, marks, or logos without prior written permission from BCM is strictly prohibited.

Unless otherwise stated, all copyright in the pages, screens, and content of the Website is owned by BCM and remains protected intellectual property.

Unauthorized use of any materials on the Website may violate applicable laws, including but not limited to copyright, trademark, trade secret, and patent laws.

General Terms

BCM’s failure to enforce or exercise any right or provision under these Terms shall not be considered a waiver of that right or provision. Any waiver of rights will only be valid if made in writing and signed by both you and BCM.

These Terms may not be modified or amended unless in writing. If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions will continue in full force and effect as though the invalid provision had never been included.

Nothing in these Terms creates any agency, partnership, joint venture, or employment relationship between you and BCM.

These Terms are binding on and will benefit both parties and their permitted successors and assigns. You may not transfer or assign any of your rights or obligations under these Terms without prior written consent from BCM. BCM may freely assign its rights and obligations under these Terms without restriction.

Headings and section titles are included for convenience only and do not affect the interpretation of these Terms.