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Analyzing Execution Quality in Portfolio Trading

Tradeweb

U.S. credit portfolio trading (PT) volumes have grown significantly over the past few years, with record volumes recorded through the first quarter of 2024 across the market as a whole and on the Tradeweb platform. As usage of the protocol evolves and new use cases arise, we continue to monitor the critical trends in portfolio trading and how they are impacting U.S. credit markets today. This analysis will explore one of the key drivers of the portfolio trading evolution: execution quality. As we discussed in a previous piece, execution “quality” can have many dimensions. In this piece, we will focus on the transaction cost - defined as the price paid for the basket versus market mid. We will delve into the core factors, including various portfolio trade construction and market factors, which influence trading costs and their implications for portfolio trading on Tradeweb. Bid/Offer Spread First, let’s look at measuring execution quality. We do this by calculating the percentage bid/offer spread (%BOS) captured in each trade by determining the gap between the Tradeweb Ai-Price bid/offer spread and the actual level of each completed trade. We use this metric to normalize the bid/offer spread across the liquidity spectrum. Within this construct, execution where the client is paying full bid/offer is represented as 0% and execution at Mid is 50%. As the chart below illustrates, we’ve seen a steady improvement in execution quality over the last couple of years, with %BOS captured trending around 40-45%, up from roughly 30% in 2022. This trend demonstrates that as portfolio trading volumes and adoption have grown, dealers have become more comfortable pricing their baskets competitively, with clients now trading closer to Mid than in years prior. Role of Pre-Trade Data The importance of reliable pre-trade data has also become an increasingly critical component in global credit markets. This theme is relevant throughout the trade life cycle in portfolio trading, beginning at the portfolio manager level, where it is used to help determine which bonds should be traded, and at the execution level, where it is used to help determine which dealers should receive the list. As leaders in portfolio trading, we have an abundance of reliable trade data to examine trends in execution quality and what they mean for the markets overall. We analyzed thousands of portfolio trades over dozens of attributes to identify the factors that proved to be statistically significant in explaining execution quality. These factors are broadly categorized as Portfolio and Market Factors: Portfolio Factors are properties the client can control within their portfolio trade construction. The most significant drivers within these factors were average line item size, weighted average liquidity score and ETF overlap; the percentage of bonds in a portfolio trade that are also constituents in the relevant ETF. For this analysis, we compared portfolio trades to iShares ETFs (LQD for Investment Grade portfolios and HYG for High Yield portfolios). Market Factors are properties outside the client’s control due to overall market conditions. The market factor that stood out the most was the ETF premium/discount at the time of execution. Portfolio Trade Construction Matters Digging deeper into these categories, if we look at the median %BOS captured across these baskets for each determining factor, we can begin to understand how these metrics drive execution quality. As outlined in the tables below, we see that as the notional per line item increases, the expected cost of the whole basket increases. This trend is not surprising, because it generally costs more to trade larger size risk. When that large size is spread over many line items at the basket level, the overall cost to trade the basket goes down. In terms of liquidity, generally, if a basket is more liquid, it will cost less to trade. The results around the ETF overlap are also intuitive. Generally, the closer to an ETF the portfolio trade is, the easier for dealers to hedge and price the basket. How do these portfolio construction factors interact? We can see from the tables above how the factors individually affect overall trade execution. However, it is also necessary to know how these factors interact as the effect of one factor may depend on others. We find this easiest to interpret if we analyze the execution quality from each bucket combination. Consider the table below. It illustrates that, on average, the best execution for investment grade portfolios is achieved when baskets have a size of less than 50,000 per line item and average liquidity score greater than seven and an LQD ETF overlap of more than 70%. This implies that by optimizing basket construction across all three metrics, it’s possible to attain better expected execution costs (0.4bp better than mid in the below example) than is implied by optimizing any one metric (0.1bp better than mid shown in the “Average Line Item Size” table above). This trend is also observed in High Yield (HY) portfolios. Market Factors – The ETF Premium/Discount Effect We also found that the premium/discount between the ETF market price and the intraday Net Asset Value (iNAV) of the underlying constituent bonds is essential in explaining overall trade cost. For example, consider a scenario where the constituent LQD bonds traded cheaper than LQD on the exchange. This market dislocation could prompt dealers to buy bonds to create shares of LQD, which they could then sell in the secondary market at a higher level than the underlying value of the bonds. Therefore, we found that if clients were selling (buying) portfolios when the bonds were cheaper than the ETF, they received better (worse) pricing. The upward slope on the chart below demonstrates this effect; as the premium gets larger, execution quality improves when clients are selling. This effect was symmetric for clients buying bonds from dealers when they were more expensive than the ETF, as shown by the downward slope below. Conclusion This analysis shows that portfolio composition and market-driven factors are essential in predicting a range in which a basket might typically trade. Tradeweb has taken these findings and incorporated them into our new pre-trade analytics for portfolio trading. By using these tools, clients can gain further insight into what drives execution quality and fine-tune portfolio trade construction, potentially unlocking more liquidity at better prices. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 2,500 clients in more than 70 countries. On average, Tradeweb facilitated more than $1.5 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods.Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. Contact Details Tradeweb Media Contact Savannah Steele +1 631-655-4225 Savannah.Steele@Tradeweb.com Company Website https://www.tradeweb.com/

May 02, 2024 09:27 AM Eastern Daylight Time

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Plotline raises $2.6m as it harnesses AI to boost adoption in the super app era

Plotline

As customer acquisition costs soar, consumer companies are rushing to find new ways to make their apps appealing by building super apps that offer multiple services. But with 50% of the global population expected to be using super apps by 2050, the competition to win and engage users is intensifying. Plotline, a startup enabling consumer app companies to rapidly and effortlessly customize their apps, has raised $2.6 million from Elevation Capital to improve user adoption and loyalty in the super app era. Plotline was founded in 2022 by Shubham Jindal and Adarsh Tadimari, who previously led the business and AI teams at HyperVerge, a leading identity-verification SaaS company. The pair initially set out to help product teams get real-time app feedback, but quickly found that many apps were being underutilized because the majority of users weren’t aware of all of the available functionalities in the first place. Shubham Jindal, co-founder of Plotline commented: "Mobile apps are adding a lot more functionality into their apps today compared to half a decade ago. This poses a unique challenge in how users navigate and discover these offerings. Through our work with customers over the past year, we see that influencing user behavior by making apps dynamic can be extremely beneficial for the company and end user. As apps transition from single-function tools to vertical super apps that offer multiple complementary services - they realized there was untapped potential in helping marketers and users unlock their apps' full value.” Today, Plotline helps consumer brands make their apps dynamic based on individual user behavior, analyzing billions of data points to create a personalized experience that drives significant improvements in app usage. This helps product marketers cut through the noise in a way existing customer engagement platforms are currently unable to. While those platforms excel at bringing users back to apps through channels like push notifications, SMS, and emails, they fall short in being able to influence the user within the app itself. Furthermore, by integrating LLMs for content creation and continuous experimentation, Plotline ensures that each user's experience is optimally engaging and consistently evolving. Based in San Francisco and Bengaluru, Plotline’s powerful no-code platform facilitates in-app user experimentation with inline widgets, improves activation, feature adoption, and retention with nudges, and drives deeper engagement with gamification components. This empowers consumer brands across the globe to skyrocket their user adoption and engagement rates. Since launching just one year ago, Plotline has garnered significant traction among 50 consumer app teams, including industry leaders like Khatabook, BharatPe, CoinDCX, Niyo, Step, and Kredivo. Plotline has served over 150 million end users through its platform and has helped every customer improve implementation and experimentation speeds by up to 10x. Strategically deploying its $2.6m seed round to bolster key functions across R&D, marketing, and sales, Plotline is now looking ahead to drive expansion in the US, Middle East, Africa, and Asia-Pacific regions. “With the rise of vertical superapps, Plotline helps consumer apps cut through the noise and deliver the best in-app experiences through their no-code platform that allows growth marketers to craft and launch tailored UX campaigns. We're eager to support Shubham Jindal and Adarsh Tadimari on this journey as they redefine the dynamics of user engagement and drive unparalleled growth in this industry.” Poorvi Vijay, Vice President, Elevation Capital. “The growth isn’t just in numbers. With apps turning multi-functional, there’s a lot more ground to cover, and the role of app adoption platforms is becoming even more crucial. We’re enabling both companies and their users to navigate the dynamic digital landscape, and the journey is far from over,” said Shubham Jindal. About Plotline Plotline is a plug-and-play platform that empowers B2C product marketers to customize app experiences to each user’s behavior and preferences. Plotline facilitates app experimentation with inline widgets, improves activation, feature adoption, and retention with nudges, and drives deeper engagement with gamification components. Plotline powers over 50 gaming, fintech, and commerce consumer apps, including industry leaders like Khatabook, BharatPe, CoinDCX, Niyo, Step, and Kredivo. About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2.6 Bn of capital in over 190 companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. Contact Details Plotline Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.plotline.so/

May 02, 2024 09:00 AM Eastern Daylight Time

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NAVEX Announces New Bangalore Office Following International Expansion

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced its expansion into South Asia with the establishment of a new Global Capability Center (GCC) in Bangalore, India. The decision to establish a permanent presence in India is a significant step forward in executing on NAVEX’s strategic goals driven by the company’s ongoing commitment to international growth, talent acquisition, and investment in technology and services. Its proximity to key Asian markets, such as Singapore, Japan, and Australia, also adds fundamental value to business operations. Sean Thompson, CEO at NAVEX, said, “The introduction of our new GCC in India is a game-changer and marks an exciting chapter for NAVEX as we strengthen our global presence and aim for new milestones. This is just our first leap into Asia as we continue to explore opportunities for smart, strategic development in the region. We continue to witness significant expansion globally, driven by the everchanging regulatory environment and increasing customer demand to build cultures focused on creating transparent, safe, and responsible workplaces.” With a presence now across America, Europe, and Asia, NAVEX’s impact spans across the globe; providing over 73 million employees at more than 13,000 organizations with a safer place to work. Due to significant international customer momentum in Europe, the company opened a new London office in 2023. The move follows its growing footprint in Finland, the acquisition of WhistleB in Sweden, and the establishment of its Frankfurt data facility. As a purpose driven company, NAVEX prides itself on creating a people first culture that is meaningful and relatable to each person. In addition to offering a myriad of learning and development programs that support career growth, NAVEX offers a wide array of benefits and resources designed to support healthy living. It is a multi-award-winning employer of choice, most recently named in 2024 as a USA Top Workplace by USA Today. The company has also been recognized by customers and industry experts for its leading culture, products, and services. To ensure NAVEX remains at the forefront of market trends, the GCC will help the business operate with agility while building awareness among companies in India seeking governance, risk, and compliance (GRC) expertise. It will play a pivotal role in accelerating product innovation and building on the company’s legacy. Notably, NAVEX recently introduced to its portfolio the Compliance Assistant AI solution in NAVEX One. Udayakumar Sethu, India Site Leader at NAVEX, adds, “NAVEX is looking forward to recruiting outstanding talent that the Bangalore market offers. We are excited to have a presence in this vibrant city. Our commitment is to empower the global market by providing the necessary tools, guidance, and training to employees and businesses to protect themselves against risks and meet regulatory requirements – all while building stronger organizational cultures.” Learn more about Life at the new NAVEX India GCC on our website. NAVEX is the recognized leader in risk and compliance management software and services, empowering thousands of customers around the world to manage and mitigate risks with confidence. NAVEX’s mission is to help customers promote ethical, inclusive workplace cultures, protect their brands, and preserve the environment through sustainable business practices. For more information, visit our website and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX anita.lo@navex.com Company Website https://navex.com

May 02, 2024 09:00 AM Eastern Daylight Time

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AmeriLife Names Juan Carlos Moreno National Sales Director for ACA

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that Juan Carlos (JC) Moreno has been hired as AmeriLife’s national sales director for Affordable Care Act (ACA) products. Reporting to AmeriLife’s Senior Vice President of Managed Care Solutions, Matthew Graham, Moreno will develop the company’s carrier partnerships around ACA and under-65 products and provide sales leadership, education, and training to its principals, marketers, and licensed health insurance agents with the goal of expanding the ACA and under-65 business across AmeriLife’s distribution groups. “I’m thrilled to welcome JC to AmeriLife and the Managed Care Solutions team,” said Graham. “JC is a proven sales leader, motivator, and trainer. His deep knowledge of ACA and under-65 products will be critical to helping us grow our footprint in this expanding market.” “As the health insurance landscape continues to evolve, ACA and under-65 products provide us with a unique opportunity to train agents to meet an entirely new generation of consumers where they are today to better serve their health care needs in their retirement years,” added Scotty Elliott, Chief Distribution Officer for AmeriLife Health. “JC’s addition is a testament to our continued focus to deliver holistic solutions to consumers, and we look forward to his contributions.” Moreno comes to AmeriLife with over 20 years of business and sales experience, most recently at Elite Health Insurance, an ACA-focused health insurer where he served as director of sales and business development. Prior to Elite, Moreno held various business consultant and sales leadership roles, including territory sales manager and general manager for insurance consumer solutions platform Assurance IQ. “I am delighted to start this journey with Amerilife and the Managed Care Solutions team,” said Moreno. “I am eager to contribute my expertise and join their efforts in navigating the ever-changing landscape of ACA and under-65 health insurance.” ### About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as an industry leader in developing, marketing and distributing life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 agents and financial professionals and more than 120 marketing organizations and insurance agencies. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

May 02, 2024 09:00 AM Eastern Daylight Time

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Listen B*tch Tackles Toxic Bounce Back Culture, Encouraging New Moms to Embrace ‘Mom Puberty’ Instead

Listen B*tch

Canadian wellness brand, Listen B*tch, is launching a campaign that challenges bounce back culture and urges new moms to embrace the physical, psychological, and emotional transformation that comes with motherhood - a process they’re calling ‘Mom Puberty’. The campaign launches with a series of rallying billboards across Toronto alongside a digital gallery that offers an unfiltered view on the postpartum period while encouraging women to dismiss societal pressures to 'bounce back'. The campaign targets bounce back culture which disregards the physical and mental recovery needed postpartum and places unrealistic expectations on women to “snapback” to their former selves. “Embracing and normalizing the change you're experiencing is a powerful way to combat bounce-back culture,” says Listen B*tch Co-Founder, Daniela Angelucci-Rizzi. “Similar to adolescence, becoming a mother is a transitional period which involves physical, hormonal, psychological and emotional changes. That process is known as 'Matrescence’. Or as we like to call it - ‘Mom Puberty”. The campaign aims to redefine the cultural conversation around postpartum experiences by presenting a more realistic view of the joys and hardships that new motherhood presents. As part of this initiative, Listen B*tch is launching an online gallery showcasing unfiltered portraits of postpartum moms. The portraits are accompanied by personal narratives that explore their transformative journey into motherhood - the challenges, triumphs, and the things they think new or expecting moms should know. In addition to the online gallery, Listen B*tch is bringing this campaign to the streets of Toronto with billboards that champion the same message. The billboards can be found at, College & Dovercourt, Queen St West & Augusta Ave, Dundas St West & Rusholme Rd, Queen St West & Noble St, Queen St West & Triller Ave, and College St & Clinton St. On May 6th from 5pm-9pm, the general public will have the opportunity to attend an exhibit of the project at Cry Baby Gallery in Toronto. The brand is also donating copies of their New Mom and Pregnancy Affirmation Card Decks to support groups at Sunnybrook and North York General Hospital, as a way to provide tangible support and encouragement to women navigating the complexities of motherhood. To capture the raw portraits of the Canadian moms, Listen B*tch partnered with Toronto-based photographer and mom, Jorian Charlton whose work has been featured at the Art Gallery of Ontario, the Art Gallery of Mississauga, and the critically acclaimed exhibition - The New Black Vanguard. Listen B*tch is a Canadian, women-owned wellness brand that was co-founded by entrepreneurs Daniela Angelucci-Rizzi & Michelle Osei-Bonsu. The brand, best known for their cheeky deck of affirmation cards, launched two new affirmation card decks in 2024 focusing on expecting moms and new moms. Contact Details Langton PR Inc. Amanpreet Dhami, Account Director Amanpreet@langtonpr.com Langton PR Inc. Daniel Pillai, Vice President Daniel@langtonpr.com Company Website https://www.listenbitch.ca/

May 02, 2024 09:00 AM Eastern Daylight Time

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Gold Price Surge Linked to Chinese Market Enthusiasm

MarketJar

Gold's meteoric rise this year despite headwinds has puzzled market observers. Since February, gold prices have remained well above the $2,000 mark and even briefly hit a record high over $2,400 in mid April. As it turns out, the rally may find its roots in China, particularly on the Shanghai Futures Exchange (SHFE), where a surge in retail investors is reshaping the global gold market. 1 While gold markets in London and New York have seen increased activity, the SHFE stands out for its dramatic rise from a low base. This surge in trading volumes suggests a wave of Chinese investors propelling gold prices higher. China's traditional interest in gold as a savings tool has been revitalized by economic uncertainty and deglobalization, reflected in a 17-month buying spree by the People's Bank of China and increased consumer and institutional demand. This surge in demand has been augmented by a surge in speculative trading on the SHFE. However, not everyone agrees that Chinese investors are the sole drivers of gold's ascent. Jeff Christian, managing director at CPM Group, believes the trend is broad-based, encompassing both institutional and retail investors globally. Gold's future trajectory may hinge on the sustainability of Chinese interest. Some speculate that investors on the SHFE may be betting on short-term fluctuations in the yuan, particularly during the exchange's night sessions coinciding with shifts in US economic data. Despite gold prices increasing by over 25% since October 2023 lows, gold stocks have remained undervalued. 2 Fortunately, gold mining stocks are building steam as the market takes notice of the high-potential sector. West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is emerging as a notable player in the gold market, targeting near-term production at its high-grade gold project in Ontario's Red Lake District, a region that hosts some of the world's richest gold deposits producing 30 million ounces of gold to date. 3 West Red Lake Gold is focused on developing the fully-permitted Madsen Mine, which boasts a high-grade gold resource of 1.65 million ounces at 7.4 grams per ton (g/t) across 6.9 million tonnes (Indicated), and an additional 366,000 ounces at 6.3 g/t (Inferred). The 47 km2 land package sits on highly prospective exploration targets and includes significant infrastructure including an expandable 800 tonne per day processing mill, underground equipment and a water treatment plant. The company also owns the 31 km² Rowan Property in Red Lake, home to three former gold mines: Rowan, Mount Jamie, and Red Summit. West Red Lake Gold Mines Unlocks More Value from Cleanup at Madsen Mill Since acquiring the Madsen Mine less than a year ago, West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) has been strategically moving it forward to a restart and a targeted timeline for gold production in 2025. On May 1, the company reported significant progress in their cleanup and gold recovery operations at the Madsen Mine, uncovering substantial amounts of previously unaccounted for gold. This initiative has already yielded 415 ounces of gold valued at approximately $750,000 from an initial recovery phase. Encouraged by these results, West Red Lake Gold began a more thorough cleanup in early 2024, with expectations to “recover a substantial amount of gold that was locked up in the milling circuit” by the end of May. West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) also recently outlined its 2024 regional exploration strategy for the Madsen and Rowan Properties. At Madsen, regional mapping and geochemical sampling will begin in May 2024, with a focus on the Confederation Assemblage of rocks. This area has seen minimal exploration since 2014. Historically, exploration in the Red Lake district has concentrated on the Balmer Assemblage of rocks, neglecting the Confederation rocks. However, recent discoveries at Dixie Lake prompted a reevaluation. West Red Lake Gold plans extensive mapping and sampling across Confederation rocks, covering approximately 50% of the Madsen land package. At the Rowan Property, up to 15,000m of surface drilling is planned at the Rowan Mine deposit, starting in early June 2024. This fully funded drill program aims to expand on the existing high-grade mineral resource. Additional regional mapping and geochemical sampling programs will begin in June 2024 to generate new drill targets across the Rowan property. Earlier this month West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) announced significant drill results from the high-grade South Austin Zone at Madsen, which holds an Indicated mineral resource of 474,600 ounces of gold at 8.7 g/t and an Inferred resource of 31,800 ounces at the same grade. Key findings include 1.1 meters at 68.36 g/t gold, encompassing 0.5 meters at 145.44 g/t, and 3.95 meters at 13.83 g/t gold, which includes 0.5 meters at 105.72 g/t. These recent drill results are encouraging, and contribute to West Red Lake Gold 's strategy to build up a base of high-grade, high-confidence gold ounces vital for the early phases of mine production. The company also just closed an upsized private placement for US$27.1 million, which will be used to continue to advance the development of a restart plan for the Madsen Mine. Visit their website or explore their corporate presentation to learn more about West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF). Footnotes: [1] https://www.bnnbloomberg.ca/gold-s-record-setting-rally-may-have-its-roots-in-chinese-frenzy-1.2062913 [2] https://www.mining.com/web/gold-stock-upside-targets-2/ [3] https://www.theglobeandmail.com/investing/markets/stocks/WRLG-X/pressreleases/22442097/west-red-lake-gold-announces-sprotts-investment-of-us2631463/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, West Red Lake Gold Mines Ltd.. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by West Red Lake Gold Mines Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by West Red Lake Gold Mines Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-wrlg. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding West Red Lake Gold Mines Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to West Red Lake Gold Mines Ltd.’s industry; (b) market opportunity; (c) West Red Lake Gold Mines Ltd.’s business plans and strategies; (d) services that West Red Lake Gold Mines Ltd. intends to offer; (e) West Red Lake Gold Mines Ltd.’s milestone projections and targets; (f) West Red Lake Gold Mines Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) West Red Lake Gold Mines Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) West Red Lake Gold Mines Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute West Red Lake Gold Mines Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) West Red Lake Gold Mines Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) West Red Lake Gold Mines Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) West Red Lake Gold Mines Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of West Red Lake Gold Mines Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) West Red Lake Gold Mines Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact West Red Lake Gold Mines Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing West Red Lake Gold Mines Ltd.’s business operations (e) West Red Lake Gold Mines Ltd. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, West Red Lake Gold Mines Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does West Red Lake Gold Mines Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither West Red Lake Gold Mines Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or such entities and are not necessarily indicative of future performance of West Red Lake Gold Mines Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 02, 2024 08:30 AM Eastern Daylight Time

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Tesla’s Optimus Robot Could Hit The Market by End of Next Year

MarketJar

Tesla's CEO Elon Musk revealed that its humanoid robot, Optimus, is still undergoing development but could potentially be available for sale by the end of next year. 1 Numerous companies have been exploring humanoid robots as a solution to potential labor shortages, particularly in industries like logistics, warehousing, retail, and manufacturing, where repetitive or hazardous tasks are common. Musk expressed his optimism regarding the readiness of the Tesla robot, suggesting that it might be capable of performing factory tasks by the end of this year. The concept of humanoid robots has been in the works for several years, with notable developments from companies such as Japan's Honda and Hyundai Motor's Boston Dynamics. More recently, Figure AI, a startup supported by Microsoft and Nvidia, announced a partnership with BMW to deploy humanoid robots in the automaker's U.S. facilities. Musk has previously indicated that robot sales could become a significant aspect of Tesla's business, potentially surpassing other segments like car manufacturing. However, Musk's track record with fulfilling ambitious promises has faced skepticism from Wall Street in the past. For instance, in 2019, he announced plans for Tesla to operate a network of autonomous "robotaxi" cars by 2020, which did not come to fruition. As the landscape of robotics continues to evolve with companies like Tesla exploring the potential of humanoid robots, another sector experiencing significant advancements is autonomous security robots. Knightscope, Inc. (NASDAQ:KSCP), a leader in this field, has recently announced major strides in its operations, highlighting its dedication to transforming the security industry through innovative technology solutions. Knightscope Expands Operations with New Deployments and Contract Wins Knightscope 's expansion efforts come at a time when the demand for advanced security solutions is on the rise. With evolving security threats and the need for proactive measures to mitigate risks, organizations are increasingly turning to autonomous technologies to enhance their security posture. Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses. Since deploying its first Autonomous Security Robot (ASR) in May 2022, Knightscope has secured dozens of contracts across the US including a $1.2 million inventory replenishment order for its K1 Call Boxes, 2 and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices. 3 On April 30, Knightscope, Inc. (NASDAQ:KSCP) announced the deployment of 37 K1 Blue Light Towers at Rio Hondo College in California. Emergency communications play a vital role in campus safety by providing reliable, one-touch access to services such as police, fire and EMS. Those on campus can utilize the new Blue Light Towers in times of danger, personal crisis, medical emergencies, to report suspicious behavior or activities, or for accidents. In April, Knightscope reported revenue of $12.8 million for 2023, marking a 128% increase year-over-year. Net revenue from services increased by approximately $2 million to $7.2 million while net revenue from product sales increased by $5.2 million to $5.6 million in 2023. Revenue growth is driven primarily by full-year sales of Emergency Communication Devices, which were integrated into our product lines after the acquisition of CASE Emergency Management Systems. The company's success in winning these contracts can be attributed to its proven track record of delivering effective security solutions tailored to the unique needs of each client. By offering a range of services, including patrol, surveillance, and incident response, Knightscope ensures comprehensive coverage and peace of mind for its clients. As Knightscope continues to expand its footprint and attract new clients, the company remains dedicated to its mission of making the world a safer place. By leveraging the power of automation and artificial intelligence, Knightscope is revolutionizing security operations and setting new standards for safety and protection. For further information on Knightscope 's innovative solutions and projects, please visit Knightscope's website (NASDAQ:KSCP). Footnote: [1] https://www.reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/ [2] https://ir.knightscope.com/news-releases/news-release-details/correcting-and-replacing-knightscope-receives-inventory [3] https://ir.knightscope.com/news-releases/news-release-details/knightscope-lands-125-million-contract Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-kscp. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 02, 2024 07:30 AM Eastern Daylight Time

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Klumi Ventures UAE’s First Web3 Venture Capital Firm Regulated by ADGM

Klumi Ventures

Klumi Ventures UAE’s First Web3 Venture Capital Firm Regulated by ADGM Klumi Ventures received first of its kind financial licence which permits the firm to invest in tokens as well as equity investments in early stage Web3 startups. Klumi is launching a $100 Million fund tailored for emerging technologies and decentralized sectors. Another specialised fund will be a $15 Million Qualified Investors Fund slated for pre-seed and seed investments for early-stage Web3 startups. Klumi Ventures proudly announces its achievement as the United Arab Emirates’ pioneering Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This event heralds a new era of innovation and investment opportunities in the region’s digital asset ecosystem, as Klumi Ventures leads the charge in fostering growth and empowerment in the Web3 sector. “Klumi Ventures is honoured to be at the forefront of shaping the UAE’s digital asset landscape as the first Web3 venture capital firm regulated by the FSRA. We are proud to lead this transformative journey, shaping the future of Web3 investment and entrepreneurship in the Middle East and beyond. With ADGM’s support and the dynamic ecosystem in Abu Dhabi, we are dedicated to unlocking new avenues of growth and opportunity for Web3 startups”, commented Kristiina Lumeste, Senior Executive Officer of Klumi Ventures. Klumi Ventures is launching two specialized funds, the $15 Million Qualified Investors Fund is slated for pre-seed and seed investments, providing early-stage Web3 startups with crucial capital and support to realize their vision and scale their operations effectively. The flagship $100 Million fund is tailored to emerge technologies and decentralized sectors. Kristiina Lumeste added, “Abu Dhabi’s status as a global leading city and the ‘Capital of Capital’ presents unparalleled opportunities for growth and innovation in the digital asset space”. Arvind Ramamurthy, Chief of Market Development at ADGM said, “We welcome Klumi to ADGM’s dynamic and progressive international financial centre. Its establishment as a Web3 Venture Capital Fund and bringing million-dollar specialized funds that fill a critical gap in the Web3 sector’s needs, positions Klumi strongly to harness the immense potential of this sector, not only in Abu Dhabi but also throughout the region. Coupled with ADGM’s regulatory capabilities, Klumi’s strategic approach can contribute greatly to the growth of the Web3 sector in the UAE and beyond. We look forward to Klumi’s journey in the UAE’s evolving digital asset landscape.” ADGM’s progressive Capital Markets Framework, coupled with its familiar legal and regulatory frameworks, offers a conducive environment for fund managers to thrive while adhering to international standards. Since May 2023, a total of 96 fund and asset management firms and funds have registered and operated in ADGM, highlighting the city’s growing importance as a financial hub. About Klumi Ventures Klumi Ventures is a premier Web3 venture capital firm based in Abu Dhabi, United Arab Emirates. Regulated by the Abu Dhabi Global Market (ADGM), Klumi Ventures is dedicated to driving innovation and empowerment within the digital asset and Web3 space. With a focus on supporting early-stage startups, the firm offers specialized funds and comprehensive support to entrepreneurs in the Web3 sector. Leveraging the vibrant ecosystem in Abu Dhabi, Klumi Ventures aims to unlock new growth opportunities for startups, family offices and funds in the Middle East and beyond. Contact Details Klumi Ventures Kristiina Lumeste team@klumiventures.com

May 02, 2024 05:41 AM Eastern Daylight Time

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Harnessing Power: The Influence of Energy Sector ETF XLE in Today's Market

Select Sector SPDR

The Energy Select Sector SPDR Fund ( XLE ), an exchange-traded fund (ETF) focusing on the energy sector, continues to play an important role in today's investment landscape. This ETF seeks to provide investment results that correspond generally to the price and yield performance of publicly traded companies in the Energy Select Sector Index. XLE offers exposure to the largest U.S. energy firms, including those in oil, gas, consumable fuels, and energy equipment and services industries. The fund is a passively managed Sector Energy ETF, making it an attractive choice for investors looking to gain broad exposure to the energy sector without having to invest directly in individual stocks. As a modified market-cap-weighted index of U.S. energy companies in the S&P 500, XLE offers exposure to a basket of U.S. energy firms. This approach provides investors diversified exposure to the energy sector, reducing the risk associated with investing in individual stocks. Key Holdings* of XLE Include: Exxon Mobil Corporation (23.47%) Chevron Corporation (17.02%) ConocoPhillips (9.01%) EOG Resources (4.69%) Schlumberger (4.12%) Marathon Petroleum Corporation (4.07%) Pioneer Natural Resources Co. (3.83%) Phillips 66 (3.75%) Valero Energy Corporation (3.31%) Williams Companies Inc. (2.84%) These holdings represent a balanced mix of companies engaged in different aspects of the energy sector, providing investors with a comprehensive view of the industry. Boasting more than $39 billion in assets and a low total expense ratio of just 0.09%**, XLE offers a convenient gateway to this essential industry. In recent times, global events have impacted and spotlighted the energy sector. The performance and holdings of XLE reflect the broader trends and developments in the energy industry, making it a valuable tool for investors seeking to understand and navigate these complex dynamics. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 4/30/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007474 EXP 6/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

May 02, 2024 05:00 AM Eastern Daylight Time

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