3 Boothbay • BOOTH BAY t NO MANAGEMENT. LLG • Rut:el2000 Index HEM Absolute Return ■ Heft% Global Hedge Fund -5% 0.0% 5.0% 10.0% 15.0% Annualued Standtud Deviation PERFORMANCE GROWTH CURVE MONTHLY RETURNS WHEN SSP 500 IS DOWNI" • Boothbay •• 500 Index • Bcothbay •-500 Index RETURN DISTRIBUTION' .0.5% l