l X -o C a) a 414ARMIN EFTA00556691 Backtested Performance Directional Focus 2/2 Directional Strategy Benchmark Yearly Performance* HFR Macro/CTA Index S&P 500 2003 24.67% 14.61% 26.38% 2004 17.22% -0.32% 8.99% 2005 33.99% 6.67% 3.00% 2006 44.24% 5.61% 13.62% 2007 27.07% 3.