performance shown above may have been lam( during ceilaii periods had d charged similar fees lo AGP. AGP's net exposure estimates are obtained from the Morgan Stanley Performance Measurement (MSPM) System. FaciSet provided forward-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/EBI

performance shown above may have been looser during cerlan periods had d charged similar fees lo AGP. AGP's net exposure estimates are obtained from the Morgan Stanley Performance Measurement (MSPM) System. FactSet provided forward-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/EBI

erformance shown above may have been lower during certain periods had ti charged similar lees lo AGP. AGP's nei exposure estimates are obtained from the Morgan Stanley Performance Measurement (MSPM) System. FactSet provided forward-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/EBI