Important information: Past performance is not a guarantee of future results. The information herein reflects judgements of the QG team, which are subject to change without notice, as of the date of this document. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. Opinions and estimates involve assumptions that may not prove valid. This document also contains projections and other forward-looking statements regarding future events, targets, or expectations. Such statements are based in part on current market conditions, which will fluctuate and may be superseded by subsequent market events or other factors. Historical market trends are not reliable indicators of future market behaviour or the future performance of any particular investment and should not be relied upon as such. References to companies provided for illustrative purposes only and should not be considered a recommendation to purchase, hold, or sell any security nor should any assumption be made as to the profitability or performance of any such associated security.