Disclaimer

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Trading futures and options involve a substantial risk of loss and are not suitable for all investors. This material is intended for qualified eligible persons only. The past performance presented above solely reflects a limited period of actual trading.

This material is intended for existing Fund investors and others upon written request or in one-on-one meetings. It is not an offer to sell or a solicitation to buy Fund interests. It is not intended to constitute legal, tax, accounting, or investment advice. Prospective investors should consult their own advisors about such matters. Information relating to the Fund is confidential and may not be reproduced, redistributed, or otherwise disclosed to any other person under any circumstance. These materials are provided for informational purposes to persons who meet certain financial and other requirements. They are not an offer to sell or a solicitation to buy Fund interests. Any such offering will be made through the Fund’s Private Placement Memorandum and related documents. The information provided above is based on information believed to be correct but subject to revision and audit adjustment. All referenced returns are purely historical and past performance is no guarantee of future results. 

Fund returns are calculated by the Administrator and are net of all fees, assuming a single investment in the Fund since inception. Individual Fund and investor results will vary. Gnomon's performance numbers for the current year are unaudited estimates. Gnomon‘s performance numbers from June 2019 to December 2019 and 2020, 2021, 2022, and 2023 are audited returns.

The rate of return calculation method used to measure the actual performance of the separately managed accounts includes the change in market value of investments held, management fees, accrued incentive fees, interest, administration fees, and brokerage fees. The rate of return of the accounts is affected by the timing and size of deposits and withdrawals. This methodology is commonly used when determining the actual return of a portfolio. 

Results for the Fund as compared to the performance of the Standard & Poor’s 500 Index (the “S&P 500”), the HFRX Macro: Systematic Diversified CTA Index (HFRXSDV), the HFRX Macro/CTA Index (HFRXM), SG CTA Index (SG CTA), and the Stock & Bond Portfolio are for informational and general comparative purposes only. The S&P 500 Index is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The S&P U.S. Aggregate Bond Index is designed to measure the performance of publicly issued U.S. dollar-denominated investment-grade debt. The index is part of the S&P Aggregate Bond Index family and includes U.S. treasuries, quasi-governments, corporates, taxable municipal bonds, foreign agencies, supranational, federal agencies, and non-U.S. debentures, covered bonds, and residential mortgage pass-throughs. The Stock & Bond Portfolio comprises 60% S&P 500 Index and 40% S&P Aggregate Bond Index. It is commonly used as a reference point by investment professionals. The HFRX Macro: Systematic Diversified CTA Index is an index of Systematic Diversified strategies with investment processes typically as a function of mathematical, algorithmic and technical models, with little or no influence of individuals over the portfolio positioning. Strategies that employ an investment process designed to identify opportunities in markets exhibiting trending or momentum characteristics across individual instruments or asset classes. References to indices do not suggest that the Fund will, or is likely to, achieve returns, volatility, or other results similar to such indices. No representation is made hereby with respect to the accuracy or completeness of such data. The performance data of various indices mentioned in this update are updated and released on a periodic basis before finalization. The performance data of various indices presented herein was current as of the date of the presentation. Please refer to the data returns of the separate indices if you desire additional or updated information. Indices are unmanaged, and their performance results do not reflect the impact of fees, expenses, or taxes that may be incurred through an investment in the Fund. Returns for indices assume dividend reinvestment. An investment cannot be made directly in an index. Accordingly, comparing results shown to those of such indices may be of limited use.

The sector exposure chart represents the Fund’s exposure and is included merely as an example of its exposure on that date.  The Fund may modify its exposure and positions in the future in any manner that it believes is consistent with its overall investment objective.