Additional Disclaimers:

Investor Presentation

  • The fund-level performance presented herein reflects the reinvestment of dividends and other earnings, the deduction of all management fees, performance-based allocations, brokerage fees and other expenses applicable to the fund.  Investors will experience individual returns that vary materially from those illustrated in this presentation depending on various factors, including the timing of their investment in the fund, the level of management fees and performance allocations, the effects of additions and withdrawals from their capital accounts and individual high water marks.

  • This document may contain forward-looking statements and projections that are based on our current beliefs and assumptions and on information currently available that we believe to be reasonable, however, such statements necessarily involve risks, uncertainties and assumptions, and prospective investors may not put undue reliance on any of these statements.

  • The index performance is not illustrative of the fund’s performance.  Indexes are unmanaged and have no fees or expenses.  An investment cannot be made directly in an index.  The fund consists of securities which may vary significantly from those in the S&P 500 and performance calculation methods may not be entirely comparable.  Accordingly, comparing results shown may be of limited use.

  • The S&P 500 is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.  The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq.

  • The projected performance information contained herein is provided for illustrative purposes only and is not intended to serve as, and must not be relied upon by any person as, a guaranty, an assurance, a prediction of a definitive statement of fact or a probability. Actual events and circumstances are difficult or impossible to determine and may differ from assumptions. No representation or warranty is made as to the reasonableness of the assumptions made with respect to determining the projected performance or that all assumptions used in determining the projected performance have been stated or fully considered. Such projected performance information was not prepared with a view towards public disclosure or compliance with any published guidelines. Actual performance and realized returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the projected valuations used in any performance data contained herein are based. The actual performance and realized returns of any company or transaction described herein may differ materially from the projected returns. Further, target returns do not include fees and expenses applicable to an investment in the funds. As a sophisticated investor, you accept and agree to use such information only for the purpose of discussing with the firm your preliminary interest in investing in the funds.