Epstein Secrets

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex•Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 53% 1.00% -0.90%

% 35.96 XLK US Equity 2,966 13,218 30.96 37.91 50.30 0.45% (139.67) XLI US Equity 6,809 16,147 38.20 54.31 80.37 0.52% (308.58) XLP US Equky 753 12,469 42.17 44.72 16.43 0.37% (93.94) XLY US Equity 1,393 9,522 57.37 65.76 26.92 0.54% (139.29) XLE US Equity 1,257 13,308 8

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40%- 50% histor tally 53% 0.98% -0.89%

.67% (92.04) XLK US Equity 3,399 13,272 30.99 38.92 68.75 0.37% 86.11 XLI US Equity 6,708 16,147 38.20 54.07 90.21 0.46% 131.79 XLP US Equky 913 12,658 42.22 45.26 20.63 0.35% 18.01 XLY US Equity 1,660 12,582 59.54 67.39 28.07 0.47% 46.65 XLE US Equity 1,377 14,057 89.62

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 53% 0.98% 0.90%

72% 168.13 XLK US Equity 3,771 13,272 30.99 39.79 64.37 0.44% 30.04 XLI US Equity 6,475 16,147 38.20 53.52 89.07 0.45% (113.55) XLP US Equky 697 13,034 42.30 44.56 13.64 0.39% (70.51) XLY US Equity 1,567 12,582 59.54 66.95 24.66 0.50% 27.53 XLE US Equity 1,566 14,589 89.

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 53% 0.98% 0.90%

.71% (40.25) XLK US Equity 3,461 13,272 30.99 39.07 51.92 0.50% 119.06 XLI US Equity 4,653 12,917 38.20 51.96 67.22 0.54% 61.08 XLP US Equky 405 13,034 42.30 43.61 7.19 0.43% 43.28 XLY US Equity 1,427 12,582 59.54 66.29 20.18 0.56% 136.57 XLE US Equity 1,219 14,589 89.95