Disclaimer

ALL RETURNS ARE PURELY HISTORICAL, ARE NO INDICATION OF FUTURE PERFORMANCE, AND ARE SUBJECT TO ADJUSTMENT.

Performance illustrated reflects actual performance of assets managed by Cirrus Capital beginning on 1/1/2008, inclusive of all management fees and expenses. Performance of individual accounts may be higher or lower than the performance illustrated. The S&P 500 Total Return Index is the price return of the Standard & Poor's 500 Index, including daily reinvestment of dividends. It generally represents the aggregate price changes in the largest 500 US publicly traded companies, in addition to the reinvestment of the dividends that those companies pay. The index is included in this illustration only as context reflecting general market results during the period. Cirrus Capital may trade in securities not represented by this index. Accordingly, no representation is made that the performance or volatility of the assets managed by Cirrus Capital will track or otherwise reflect this index. All statistical metrics for both Cirrus Capital and the referenced index are calculated using the historical monthly returns.