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January 20, 2023January 20, 2023 / mtlucasmacro

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This commentary is intended for INFORMATIONAL PURPOSES ONLY. This material contains the opinions of the manager and such opinions are subject to change without notice. This commentary does not constitute an offer to sell or a solicitation of an offer to buy securities and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Any offer for an interest in a fund sponsored by Mount Lucas Management LP (“Mount Lucas”) will be made only pursuant to an offering memorandum of such fund.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS and you should be aware of the risks involved with any type of investment. The effectiveness of any strategy will depend on each person’s situation and a number of complex factors. Mount Lucas does not give tax or accounting advice to clients. You should consult with your own advisor on the tax and accounting implications of any investment strategy.

Information used herein is obtained from publicly available sources which Mount Lucas believes to be reliable. Mount Lucas makes no warranties or representations as to the accuracy or completeness of the information contained in this commentary and shall not be liable for any errors or inaccuracies herein. Likewise, information contained on third party websites that Mount Lucas may link to is not reviewed in its entirety for accuracy and Mount Lucas assumes no liability for the information contained on these websites.

This commentary may not be copied or distributed without the express written consent of Mount Lucas.

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