r in the future. Annualized Returns (Ending December 31. 2012) 1 Year 3 Year 5 Year 10 Years Other Funds H FRI Fund of Funds Composite Index IIFRI Equity Hedged Index S&P 500 Total Return 10.9% 6.6% 4.8% 1.5% 7.4% 2.8% 16.0% 10.9% 2.1% -1.8% -0.1% 1.7% 6.6% 3.6% 5.8% 7.1% Cal