N ECK HARD ASSETS 2X FUND LTD 31 Dec 04 M $19M 189.71 31 Mar (2.37%) 0.52% -1.05% 11.04% •13.4% 7.17% 10.62% (22.23%) Shawn Reynolds and Charles Cameron Apr 13 14 Jun 08 Nov 08 Equity-Diversified Ytd Avg. 2014 (1.58%) Ytd Avg. 2014 Equity-Diversified/Asia (3.80%) AJIA-LIGHTHORSE CHINA GROWTH FU