Past Performance Disclaimer:

Performance figures contained on the Website are not necessarily indicative of future returns and should be used as a general guide only. Returns on investments necessarily are volatile and subject to change and likely to vary from year to year. These returns are likely to vary from year to year. Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns in a Fund can be particularly volatile in the short term and in some periods may be negative. No Relevant Person makes any guarantee or representation in regards to the performance of any of the funds, nor the specific rate of return to investors or the return of capital