All mutual fund performance figures are net of all fees and expenses and reflect the reinvestment of dividends and other income. The mutual fund returns are provided by Morningstar, Inc.

Equity and fixed income separate account manager returns are gross of all fees and reflect the reinvestment of dividends and other income. Returns are provided by eVestment, PSN, the underlying manager, or are estimated using a proprietary reporting system. For long-only Limited Partnerships, past performance is represented by gross manager returns for a comparable composite and are provided in a similar manner to that just described. Limited Partnership returns will be reduced by management fees, trading and custodian costs, legal and accounting fees, plus other charges detailed in the Private Placement Memorandums. Recent returns may be ESTIMATED and may not reflect actual client account performance. Past returns are subject to revision.

Hedge fund returns are net of all fees and expenses and reflect the reinvestment of dividends and other income. Returns are provided by the underlying investment manager. Recent returns may be ESTIMATED and may not reflect actual fund performance. Past returns are subject to revision.

Please be aware that past performance is not a guide to the future performance of any index, fund, manager or strategy, and that the performance results displayed herein may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, caution must be used in inferring that these results are indicative of the future performance of any index, fund, manager or strategy. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. It is not possible to invest in an index.

This report is for illustrative purposes only. Past performance is not indicative of future results. The information contained in this report has been gathered from sources we believe to be reliable, but we do not guarantee the accuracy or completeness of such information, and we assume no liability for damages resulting from or arising out of the use of such information. The performance numbers displayed herein may have been adversely or favorably impacted by events and economic conditions that will not prevail in the future. The index is unmanaged and does not incur management fees, transaction costs or other expenses associated with investable products. It is not possible to directly invest in an index. All returns reflect the reinvestment of dividends and other income.

This document is not an offer to sell or the solicitation of an offer to purchase an interest in any fund. Any such offer or solicitation will only be made by means of the Confidential Private Offering Memorandum of the fund (and any amendment thereto) and only in those jurisdictions where permitted by law. Advisors should refer to the Confidential Private Offering Memorandum for more complete information.

Performance results do not reflect the separate advisory fee that may be charged by your investment advisor (for example, an advisory fee of 1% compounded over a 10-year period would reduce a 10% annual return to an 8.9% return). See "Notes & Index Descriptions" for additional disclosures. Also see your advisor’s Part 2 of Form ADV, LPL Financial‘s Part 2 of Form ADV, and the Private Placement Memorandum of the funds for additional information.

Certain information contained herein is based upon hypothetical performance. Hypothetical performance results may have inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits similar to those shown. In fact, there are frequently significant differences between hypothetical performance results subsequently achieved by following a particular strategy. One of the limitations of hypothetical performance results is that they are prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk associated with actual trading, including changing objectives and constraints on the management of the account. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategy that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Important Disclosure on the Princeton Futures Strategy Mutual Fund: Mount Yale Asset Management is the advisor of this product and is also a client of LPL Financial. However, LPL Financial receives no compensation from recommending this Manager’s product to the platform, nor does it have other incentives. Our research team performs its due diligence process wholly independent of the other business lines of LPL Financial.

Understanding Private Fund Investment:
The attributes of private funds may vary greatly from those of publicly offered securities. Private funds:

• Often engage in leveraging and other speculative investment practices that may increase the risk of investment loss;
• May be highly illiquid;
• Are not required to provide periodic pricing or valuation information to investors;
• May involve complex tax structures and delays in distributing important tax information;
• Are not subject to the same regulatory requirements as mutual funds; and
• Often charge high fees.

Foreign Securities Risk: Foreign securities are subject to the same market risks as U.S. securities, such as general economic conditions and company and industry prospects. However, foreign securities involve the additional risk of loss due to political, economic, legal, regulatory, and operational uncertainties; differing accounting and financial reporting standards; limited availability of information; currency conversion; and pricing factors affecting investment in the securities of foreign businesses or governments.