Barclay Investable Benchmarks

As an investable index, the BarclayHedge BTOP FX Index efficiently provides an investor with an equal-weighted exposure to the ten currency managers that control the majority of FOREX industry assets.

The BarclayHedge BTOP50 Index seeks to provide investment industry participants with an accurate, representative, and transparent benchmark of the expected returns to an investment in Managed Futures as well as a yardstick that can be used to fairly assess and compare Managed Futures to other alternative as well as traditional asset classes.

Every effort was taken in the index construction process to eliminate or minimize the traditional biases (survivor bias, selection bias, instant history bias, and back-fill bias) usually found in manager-universe indices. Both indices are updated daily to include the prior day's return.