Does the State of South Dakota or the South Dakota Investment Council make any guarantees?
Neither the State of South Dakota nor the SDIC makes any guarantees of any type in connection with the Program and neither the principal deposited nor any investment return is guaranteed or insured by the United States, the State of South Dakota, any other state, any agency or instrumentality of any of the foregoing, the Council, the Program Manager or the members, officers or employees of any such entity, any Advisor or any other consultant or advisor retained by the Trust.
