The performance shown is the actual result of an investment account held by an affiliate of Swell and assuming a 0.75% annual advisory fee. The investment account includes an equal weighting in each of Swell’s six thematic portfolios for the period between 9/30/2016 to 9/30/2018. Performance does not include Swell’s Impact 400 portfolio offering. Performance figures shown are net of fees and transaction related expenses and include reinvestment of dividends greater than $1. Past performance may not be indicative of future results.