First Light Asset Management

Health care expenditures are
approaching one out of five
dollars spent in the economy.*

Is your portfolio positioned to
capitalize on this opportunity?

In the U.S., a baby boomer
will turn 65 an average of
every 9 seconds until the
year 2030.**

Is your portfolio positioned to
capitalize on this opportunity?

U.S. per capita health care spending
for people aged 65+ is nearly
triple that for people 19 to 64.*

Is your portfolio positioned to
capitalize on this opportunity?

We believe our strength lies in our singular focus - investing in the dynamic health care sector.

Innovation

A wave of health care innovation is creating new therapies that address unmet medical needs, leading to new investment opportunities.

Opportunity

The challenges presented by an aging population, escalating health care costs and increasing regulatory complexities can offer innovative companies tremendous opportunity to create shareholder value.

Growth ——

Health care spending’s projected average growth rate is 5.5% between 2018 and 2027, outpacing projected GDP growth.*

* Source: Centers for Medicare and Medicaid Services.
** Source: Pew Research Center.

Disclaimer: This website contains general information about First Light Asset Management, LLC (“First Light”) and its investment activities. The content of this website is for informational purposes only and should not be construed as an offer or any form of solicitation, or investment or financial advice. While First Light endeavors to obtain information from sources which it believes to be reliable, First Light makes no guarantee as to the accuracy, completeness or reliability of any information contained on this website.

Certain information contained herein may constitute forward-looking statements. Due to various risks and uncertainties, actual events or the consequences of such events may differ materially from those reflected or contemplated in such forward-looking statements.

While the opinions expressed or implied herein are based on research, analysis, estimations and assumptions believed to be reasonable (at the time this website was published), there are no assurances that any estimation or assumption has or will materialize.

Past performance of any investment, the investment strategy or investment style is not indicative of future performance and it cannot be guaranteed that such investment objectives will be achieved. All investments are subject to a risk of loss.

Health care expenditures areapproaching one out of fivedollars spent in the economy.*

In the U.S., a baby boomerwill turn 65 an average of every 9 seconds until theyear 2030.**

U.S. per capita health care spendingfor people aged 65+ is nearlytriple that for people 19 to 64.*

We believe our strength lies in our singular focus - investing in the dynamic health care sector.

Innovation

Opportunity

Growth ——

Health care expenditures are
approaching one out of five
dollars spent in the economy.*

In the U.S., a baby boomer
will turn 65 an average of
every 9 seconds until the
year 2030.**

U.S. per capita health care spending
for people aged 65+ is nearly
triple that for people 19 to 64.*