PIA DISCLAIMER    
 

This Website is intended for use by residents of the United States only and only in those states in which PACIFIC INCOME ADVISERS, INC. may lawfully transact business. Nothing included within this website can be construed to be in any way any offer or sale of securities, or a solicitation of any offer or sale of securities in those jurisdictions where such offer, sale or solicitation would be unlawful under the laws of such jurisdiction. Investors outside of the United States are governed by different regulations and laws that have not been included in this site. Therefore, PACIFIC INCOME ADVISERS, INC. may request proof of citizenship from persons accessing this site.



By accessing the PACIFIC INCOME ADVISERS, INC. Website, you agree to the following additional terms and conditions:

  1. SERVICES PROVIDED
    PACIFIC INCOME ADVISERS, INC. provides electronic access to certain content, tools, services and information (“Services”) to you through its website (the “Site”). The Services include, but are not necessarily limited to, the provision of information (“Information”) through the Site by means of a contractual relationship with an unaffiliated Internet service provider. PACIFIC INCOME ADVISERS, INC. may cancel or change the Services or registration requirements at any time upon printed or electronic notice to you, including on this website. Your use of the Services following the posting or notice of any changes will constitute acceptance of any such changes.

  2. USE CODES
    As part of the registration process, you may be asked to select a user name and password. The user name and password are for your personal use only. You shall at all times maintain the confidentiality of the user name and password and shall not disclose them to any third party. You shall be fully responsible for all statements made and acts or omissions that occur while your user name and password are being used. PACIFIC INCOME ADVISERS, INC. shall not be responsible for any breach of security caused by your failure to maintain the confidentiality of the user name or password. You shall notify your Registered Representative at PACIFIC INCOME ADVISERS, INC. immediately in the event of loss, theft, disclosure or unauthorized use of your user name or password. PACIFIC INCOME ADVISERS, INC. may terminate your access to the Services in connection with unauthorized use of your user name or password or at any time without prior notice.

  3. ELECTRONIC COMMUNICATION
    If you communicate electronically by sending an E-mail message to PACIFIC INCOME ADVISERS, INC., you shall not use E-mail for the transmission of orders to purchase or sell a security or to transfer funds or securities, or to transmit any personal credit information (including credit card numbers), to give notice of a change of address, or to give any time-sensitive instruction or any instruction affecting any account(s) at PACIFIC INCOME ADVISERS, INC. PACIFIC INCOME ADVISERS, INC. shall have no liability for any actions taken or any omissions to act as a result of any E-mail message sent to PACIFIC INCOME ADVISERS, INC.

  4. PROPERTY RIGHTS IN INFORMATION AND SERVICES; SUITABILITY AND COMPLIANCE WITH LAW

    1. The Services and any Information associated with the Services are for personal, non-commercial use only. You may download the Information to your computer or other electronic data processing equipment and print out a hard copy for personal reference and use by you only, unless you and PACIFIC INCOME ADVISERS, INC. have agreed otherwise in writing. You shall never remove any copyright or other notices contained on any such Information.

    2. You acknowledge that the Services and the Information are the property of PACIFIC INCOME ADVISERS, INC. and are protected by applicable copyright, patent, trademark or other intellectual property law. Except as expressly authorized herein, you shall not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit any of such Information or any of the Services provided in any manner (including electronic, print or other media now known or hereafter developed) without the prior written consent of PACIFIC INCOME ADVISERS, INC. You shall not use the Information or Services for any unlawful purpose. You shall comply with any request made by PACIFIC INCOME ADVISERS, INC. for the purpose of protecting rights in the Information and Services.

    3. Although the Information includes material about the investment process generally as well as research commentary relating to specific securities, PACIFIC INCOME ADVISERS, INC. does not intend to provide investment advice through the Site, does not represent that any such securities are suitable for you or for any particular person and does not through this Site recommend the purchase, sale or holding of any securities mentioned in the Information. Such Information shall not be deemed to be a solicitation of a transaction by PACIFIC INCOME ADVISERS, INC. or any other person. The Information contained on the Site reflects the authors’ analysis as of the published date. The accuracy, completeness or timeliness of such Information cannot be guaranteed and is subject to change. Further, the price for any security contained in any section of the Site may differ from the then-current price for that security. PACIFIC INCOME ADVISERS, INC. shall have no obligation to update the Information to reflect circumstances that may occur after the earlier of the date first appearing on the Site or the date contained on the Information. Neither the Services nor any of the Information is intended to be used as tax or legal advice. You shall consult with your tax and legal advisors for such advice and shall not rely on any Information at the Site.

    4. Transmission or use of any material in violation of this Agreement, or any applicable law, rule or regulation (whether of the United States or other countries), or the rights of any third party is prohibited. This includes, but is not limited to, copyrighted material, material which is defamatory, threatening, obscene, lewd or indecent, material protected by trademark, trade secret or patent laws, or material that results in an invasion of privacy.


  5. WARRANTIES AND LIMITATION OF LIABILITY REGARDING THE SERVICES DESCRIBED HEREIN

    1. THE ACCURACY, COMPLETENESS, SEQUENCE OR TIMELINESS OF THE INFORMATION CANNOT BE GUARANTEED. PACIFIC INCOME ADVISERS, INC. AND ITS AFFILIATES, AGENTS, CONTRACTORS AND LICENSORS SHALL NOT HAVE ANY RESPONSIBILITY FOR DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, OR OTHER DAMAGES YOU MAY INCUR FOR ANY RELIANCE BY YOU ON INFORMATION CONTAINED IN THE PACIFIC INCOME ADVISERS, INC. SITE OR FOR THE RELIABILITY, ACCURACY, COMPLETENESS, SEQUENCE OR TIMELINESS THEREOF, OR FOR ANY DELAYS OR ERRORS IN THE TRANSMISSION OR DELIVERY OF ANY PART OF THE INFORMATION OR SERVICES, OR FOR ANY UNAUTHORIZED USE OF E-MAIL OR ANY OTHER SERVICES.

    2. ANY SECURITIES PRICE QUOTATIONS PROVIDED AS PART OF THE SERVICES MAY BE DELAYED AND MAY NOT REFLECT THE PRICES AT WHICH THE QUOTED SECURITIES MAY BE BOUGHT OR SOLD AT THAT TIME. NO DECISIONS TO BUY OR SELL SECURITIES SHOULD BE MADE BASED ON SUCH QUOTATIONS OR ON ANY OTHER INFORMATION ACCESSED ON OR THROUGH THE SITE. PACIFIC INCOME ADVISERS, INC. MAY MODIFY OR DISCONTINUE THE AVAILABILITY OF THE SERVICES TO ANY PERSON AT ANY TIME. YOU AGREE NOT TO ASSERT ANY CLAIM AGAINST PACIFIC INCOME ADVISERS, INC. OR ANY OF ITS AFFILIATES FOR ANY DAMAGES ARISING FROM YOUR USE OF ANY OTHER SERVICES OR FROM ANY DISCONTINUATION OR MODIFICATION OF ALL OR PART OF THE SERVICES OR INFORMATION.

    3. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, PACIFIC INCOME ADVISERS, INC. AND ITS AFFILIATES, AGENTS, CONTRACTORS AND LICENSORS HEREBY EXPRESSLY DISCLAIM ALL EXPRESS AND IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND ERROR-FREE AND UNINTERRUPTED SERVICES.  ALL INFORMATION CONTAINED ON THIS SITE IS PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND. PACIFIC INCOME ADVISERS, INC. DOES NOT WARRANT, GUARANTY, OR MAKE ANY REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED, OR ASSUME ANY LIABILITY REGARDING (i) THE USE OR THE RESULTS OF THE USE OF THE SERVICES, INCLUDING WITHOUT LIMITATION ANY FINANCIAL RESULTS BASED ON USE OF THE SERVICES OR INFORMATION OR ANY DELAY OR LOSS OF USE OF THE SERVICES, OR (ii) SYSTEM PERFORMANCE AND EFFECTS ON OR DAMAGES TO SOFTWARE AND HARDWARE IN CONNECTION WITH ANY USE OF THE SITE, SERVICES, AND INFORMATION.

    4. IN ADDITION TO AND WITHOUT LIMITING THE FOREGOING, YOU AGREE THAT PACIFIC INCOME ADVISERS, INC. SHALL NOT BE LIABLE FOR ANY HARM CAUSED BY THE TRANSMISSION, THROUGH THE SERVICES OR INFORMATION, OF A COMPUTER VIRUS, OR OTHER COMPUTER CODE OR PROGRAMMING DEVICE THAT MIGHT BE USED TO ACCESS, MODIFY, DELETE, DAMAGE, CORRUPT, DEACTIVATE, DISABLE, DISRUPT, OR OTHERWISE IMPEDE IN ANY MANNER THE OPERATION OF THE SERVICES OR ANY SOFTWARE, HARDWARE, DATA OR PROPERTY OF YOURS OR ANY OTHER PERSON.

    5. IN ADDITION TO AND WITHOUT LIMITING THE FOREGOING, PACIFIC INCOME ADVISERS, INC. MAKES NO REPRESENTATION OR WARRANTY AND ASSUMES NO LIABILITY REGARDING THE QUALITY, SAFETY, ACCURACY, OR SUITABILITY OF ANY INFORMATION OR SOFTWARE FOUND ON ANY WORLD WIDE WEB OR INTERNET SITE NOT UNDER PACIFIC INCOME ADVISERS, INC.‘S CONTROL, INCLUDING, BUT NOT LIMITED TO, ANY SITE THAT MAY BE ACCESSED THROUGH A LINK AVAILABLE ON THE PACIFIC INCOME ADVISERS, INC. SITE.

    6. PACIFIC INCOME ADVISERS, INC. AND ITS AFFILIATES, AGENTS, CONTRACTORS AND LICENSORS SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES INCURRED BY YOU OR BY ANY PERSON UTILIZING YOUR USER NAME AND PASSWORD RELATED IN ANY WAY TO USE OF THE SERVICES AND INFORMATION OR FOR LOSSES CAUSED BY THE NEGLIGENCE, ACTIONS OR FAILURE TO ACT OF ANY THIRD PERSON OR FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (REGARDLESS OF WHETHER SUCH DAMAGES ARE REASONABLY FORESEEABLE), OR FOR ANY LOSS THAT RESULTS FROM A CAUSE OVER WHICH PACIFIC INCOME ADVISERS, INC. OR ANY OTHER SUCH ENTITY DOES NOT HAVE CONTROL, INCLUDING, BUT NOT LIMITED TO, FAILURE OF ELECTRONIC OR MECHANICAL EQUIPMENT, UNAUTHORIZED ACCESS, STRIKES, FAILURES OF COMMON CARRIER OR UTILITY SYSTEMS, SEVERE WEATHER, OR OTHER CAUSES BEYOND PACIFIC INCOME ADVISERS, INC.‘S CONTROL.


  6. CONFIDENTIALITY

    You acknowledge that information created, input or developed in connection with the use of the Services can be accessed through the Internet and that there can be no assurance that such information, any Information provided through the Services, or any communication through E-mail will remain secure. PACIFIC INCOME ADVISERS, INC. may disclose such information to its employees, representatives, officers, agents, contractors and affiliates, as well as governmental entities (a) for any purpose related to the conduct of PACIFIC INCOME ADVISERS, INC.‘s business or to the offering, providing or maintaining of the Services, (b) to comply with applicable rules, orders, subpoenas or other legal process, or in order to give information to any regulatory authority, government agency or official requesting such information, or (c) for any other legitimate business purpose.



    These terms and conditions and their enforcement are governed by the laws of the Sate of California, without regard to conflicts of law principles.



    PACIFIC INCOME ADVISERS, INC. may modify this Agreement at any time upon written notice or posting to the Site. If you use the Services (or any of them) after such notification of changes in the Agreement, you shall be bound by all such changes. Should any term or provision of this Agreement be deemed or held to be invalid or unenforceable, the remaining terms and provisions shall continue in full force and effect.



    PACIFIC INCOME ADVISERS, INC.‘s failure to insist at any time upon strict compliance with any term of this Agreement, or any delay or failure on PACIFIC INCOME ADVISERS, INC.‘s part to exercise any power or right given to PACIFIC INCOME ADVISERS, INC. in this Agreement, or a continued course of such conduct on PACIFIC INCOME ADVISERS, INC.‘s part, or any combination of the foregoing shall at no time operate as a waiver of such power or right, nor shall any single or partial exercise preclude any other future exercise. All rights and remedies of PACIFIC INCOME ADVISERS, INC. in this Agreement are cumulative and not exclusive of any other rights or remedies which PACIFIC INCOME ADVISERS, INC. otherwise has at law or equity.


  7. LINKED SITES

    You may access additional information through the accompanying links, subject to these conditions: Such information was not prepared by PACIFIC INCOME ADVISERS, INC. and is not subject to the control of PACIFIC INCOME ADVISERS, INC. PACIFIC INCOME ADVISERS, INC. shall have no liability for any loss or damage resulting in any manner from such information or from any access to, or use of, such information, whether as to its accuracy, timeliness, currency, sequence, display, usefulness, completeness, suitability for any purpose or otherwise, including (but not limited to) any losses arising from any investment transaction made on the basis of any such information.