Epstein Secrets

ODS 900 Model N Inc USD Technology 0.00% (113,950) 518.234 20.Mar.13 15.50 20.26 14284 20-Mar-13 HE 4,000 Hawaiian Electric Inds USD Utilities 4.74% (1107,000) 5107.398 20.Mar.13 26.75 26.85 5398 21-Mar-13 ENTA 400 Enanta Pharmaceuticals Inc USD mourner. Non-cyclic 0.00% (15.6

out the mutual fund and should be read carefully before investing As applicable, portions of mutual fund performance information may be provided by Lipper, a Reuters company, subject to the following: 0 2012 Rettters. All rights reserved. My copying. republication or redistribution of Lipper content.

ors —2011 Worst Performance Sectors Payout Ratios are at Historic Lows Jan-10 Apr-10 Source: Bloomberg, As of 1/4/12 Jul-10 Oct-10 Jan-11 9 Utilities, Healthcare, Telecom I Financials, Materials, Industrials Apr-11 Jul-11 Oct-11 Jan-12 J.P.Morgan EFTA_R1_02049751 EFTA02696373 Tactical Op

ut the mutual fund and should be read carefully before investing. As applicable. portions of mutual fund performance information may be provided by Lipper, a Reuters company, subject to the following: 2009 Reuters. All rights reserved. Any copying. republication or redistribution of Lipper content, i

0 Molycorp Inc USD Basic Materials 0.00% ($15,000) $17A00 25..lan.13 6.00 6.96 52.400 29-Jan-13 PNY 6,500 Piedmont Natural Gas Co USD Utilities 3.56% (5208.000) 5207.410 30..lan.13 32.00 31.91 ($590) 31 -Jan-13 KR% 1,500 Keryx Biopharmaceuticals USD snstoner. Nowt-cyclic 0.00%

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about the mutual fund and should be read carefully before merlons. As applicable. pogrom of mutual fund pet lenront• info/matron may Lei worded by Lipper. a Reuters company. wheat to the FOTO/Org 0 2012 Reuters All rights resented Any new. republication redgribidon of UPPer <orient including by cach