Disclosures Regarding Chapoquoit

Website Disclosure

Chapoqouit Dynamic Portfolios is a Division of First National Corporation ("FNC"). FNC is a Registered Investment Advisor ("RIA"), registered with the U.S. Securities and Exchange Commission ("SEC"). FNC provides asset management and related services for clients nationally. FNC will notice file and maintain all applicable licenses as required by the various states in which FNC conducts business, as applicable. FNC renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.

This web site is intended to provide general information about the Chapoqouit Dynamic Funds. It is not intended to offer investment advice. Information regarding investment products and services are provided solely to explain our investment philosophy, our strategies and to provide you with an opportunity to Contact Us for further information.

Market data, articles and other content on this web site are based on generally-available information and are believed to be reliable. FNC does not guarantee the accuracy of the information contained on this web site. The information is of a general nature and should not be construed as investment advice.

FNC will provide all prospective clients with a copy of the Advisor’s current Form ADV, Part 2A ("Disclosure Brochure") for FNC, as well as the Part 2B (“Brochure Supplement”) for each Advisory Person of the Advisor. The Disclosure Brochure and Brochure Supplement are updated at least annually and available here. you may also obtain a copy on the SEC website at http://adviserinfo.sec.gov or you may Contact Us to request a copy.

If you have any questions regarding Compliance and Regulatory information, please Contact Us .

Email Disclosures

FNC often communicates with its clients and prospective clients through email and other electronic means. Your privacy and security are very important to us. FNC makes every effort to ensure that email communications do not contain sensitive information. We remind our clients and others not to send FNC private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery.

Please note: FNC does not accept trading or money movement instructions via email.

As a registered investment advisor, FNC emails are subject to inspection by the Chief Compliance Officer of FNC and the SEC.

If you have received an email from FNC in error, we ask that you contact the sender and destroy the email and its contents.

For a copy of the FNC Privacy Policy, please Click Here

If you have any questions regarding our email policies, please Contact Us .

Social Websites

FNC may utilize third-party websites that include social media websites, blogs, and other interactive content. FNC considers all interactions with clients, prospective clients and the general public on these sites to be advertisements under the securities regulations. As such, FNC may retain a copy of the information that FNC or third-parties may contribute to such sites. This information is subject to review and inspection by the CCO of FNC or the SEC.

Information provides on these sites is for informational and/or educational purposes only and is not, in any way, to be considered investment advice nor a recommendation of any investment product. Advice may only be provided by FNC's advisory persons after entering into an advisory agreement and provided FNC with all requested information about your background.

If you have any questions regarding our social media policies, please Contact Us .

Additional Chapoquoit Website Disclosures


This comparison is provided herein is for informational purposes only and is not to be considered investment advice. This information is neither an offer to sell nor a solicitation of an offer to buy any securities contained herein.


Past Performance is no guarantee of future results. You cannot invest directly in an index.  Chapoquoit Dynamic Portfolios returns are shown net of the actual annual fee charges to client account. The performance includes the reinvestment of dividends and other corporate earnings and is calculated in U.S. dollars. Comparisons to other managers do not imply that Chapoquoit Dynamic Portfolios will outperform these managers or that these strategies are exact comparisons. Each manager has its own investment process. 


Risk Disclosure:  No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. All investments include a risk of loss that clients should be prepared to bear. The principal risks of the Chapoquoit Dynamic Portfolios are disclosed in the publicly available First National Corporation Form ADV Part 2A. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns


The Morningstar Rating™ for investment strategies, or "star rating", is calculated for strategies with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a strategy’s monthly excess performance (excluding the effect of sales charges, if any), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of strategies in each strategy category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.


The Morningstar Rating for separate accounts is based on the same methodology that Morningstar uses to rate other investments, such as open-end mutual funds, closed-end funds, and variable annuity subaccounts. Morningstar made significant enhancements to its methodology for the Morningstar Rating for mutual funds in June 2002. For more information about the calculation, please see the paper titled The New Morningstar Rating Methodology. Star ratings are assigned to separate accounts in a bell curve distribution. The Morningstar Rating uses an enhanced risk-adjusted return measure based on “expected utility theory,” which accounts for all variations in a separate account’s monthly performance, with more emphasis on downward variation. The rating is an objective grade of demonstrated performance. It is not designed to try to anticipate future performance. Separate accounts are ranked against others in the same Morningstar Category. Categories are assigned based on extensive holdings-based portfolio analysis. Separate accounts are rated for up to three time periods (three, five, and 10 years). These ratings are weighted and combined to produce the overall Morningstar Rating. There are some differences between the separate account rating methodology and the rating methodologies for other investments because of the unique way that separate account managers calculate and report investment performance. All separate account performance data is reported to Morningstar as a “composite” of similarly managed portfolios. Morningstar rates separate accounts based on total returns that have not been adjusted for investment management fees.