*Performance shown is past performance and does not guarantee future results. Returns herein are calculated from gross returns of the WaveFront All-Weather Fund (the “Fund”), net of a 1% annual management fee and 10% General Partner profit allocation, as well as all trading, administrative and other actual and accrued Fund expenses. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.