Carne Hedged Equity Fund

Risk

Volatility Measurements

Updated 06.30.2014

Standard Deviation 13.81
Mean 0.88
Sharpe Ratio 0.76
Bear Market Decile Rank 23

Modern Portfolio Theory Statistics

Updated 06.30.2014

Standard Index
S&P 500 TR USD
Best Fit Index
Morningstar SUP/Cyclical TR USD
R-Squared 74.8 80.12
Beta 0.98 0.77
Alpha -5.17 -2.22