r 2014 as of April 2013 and are subject to change. Source for Market Capitalization: Bloomberg, March 31, 2013 BERN DYNAMIC LIP 26 EFTA00294331 AUM History - Lucerne Capital Management Current Funds 27 BERN DYNAMIC LIP EFTA00294332 Investor Base Firm Investor Base as of November 1, 2013 Employee 7.4% Multi-family office