The standing disclosures

Offering. Private offering under Reg D 506(c). General solicitation of accredited investors permitted; subscription conditioned on reasonable-steps verification through documentary review or third-party verification.

Eligibility. Accredited under Rule 501 and, where applicable, accredited investors under Rule 501(a). Suitable only for investors who can bear the loss of the entire investment for an extended period and have no immediate need for liquidity.

Backtested performance. Pre-inception results (before June 2, 2025) are predecessor / hypothetical and reflect the same systematic strategy in a different vehicle. Backtests have inherent limitations: hindsight bias, implementation gap, market and liquidity assumptions, cost and fee assumptions.

Model risk. |t| > 3.0, LASSO and Ridge, Bayesian and Ledoit–Wolf shrinkage. False positives are reduced, not eliminated. Factor decay; regime sensitivity; model misspecification.

General risk. Substantial risk of total loss. Concentration (20–30 securities), liquidity and capacity, leverage, counterparty, operational, regulatory, and the model risk above. Review the complete risk factor disclosure in the PPM prior to subscribing.

Fees & confidentiality. Net of 2% management and 20% performance with a high-water mark, as set in the LPA. Data-room materials are confidential and proprietary. Forward-looking statements may differ materially.

Bad-actor inquiry. Rule 506(d)/(e) covered-person inquiry conducted; no disqualifying event. A covered-persons questionnaire is required at subscription.

Form CRS posture. Mu Hat Capital Management has no retail clients within the meaning of 17 CFR §275.204-5; no Form CRS is required. The public portal educates a broad audience, but capital is accepted only from verified accredited investors.

Model estimates. “Mu Hat” and the symbol μ̂ denote statistical estimates of expected return from historical factor data and cross-sectional regression. They are forward-looking and hypothetical, not actual results, and do not guarantee future performance.

Portal access. The site is divided into a public portal and a private, verified dashboard. Access to the Virtual Data Room and institutional white papers is restricted to accredited investors, and institutional LPs who have completed identity and eligibility verification.