Newedge CTA Trend Sub-Index

The Newedge CTA Trend Sub-Index is a subset of the Newedge CTA Index, and follows traders of trend following methodologies. The Newedge CTA Index is equal weighted, calculates the daily rate of return for a pool of CTAs selected from the larger managers that are open to new investment.

	May-21-2013 ROR†	MTD†	YTD†
Newedge CTA Trend Sub-Index	0.08%	1.16%	8.91%
†Estimated performance as of May-22-2013 23:35 US CST

 
Past performance is not necessarily indicative of future trading results. The funds represent speculative investments and involve a high degree of risk. An investor could lose all or a substantial portion of his or her investment.