rgan Disclosures Page 3 of 5 SB1062192-F1 5754 EFTA01667626 ar if For the Period 7/1/12 to 7/31/12 Hedge funds generally calculate the price (the 'Net Asset Value or • NAV"). 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month p