*M 07/31/08 A 01/29/09 P 08/21/08. Since inception, returns are annualized.

Although drawn from sources believed to be reliable, we cannot guarantee the accuracy of the above information. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original costs. The composite results are time-weighted rates of return net of fees and transaction costs. MWM values all portfolios monthly and records all transactions on a trade date basis.