Carne Hedged Equity Fund

Risk

Volatility Measurements

Updated 03.31.2014

Standard Deviation 13.43
Mean 1.19
Sharpe Ratio 1.06
Bear Market Decile Rank 22

Modern Portfolio Theory Statistics

Updated 03.31.2014

Standard Index
S&P 500 TR USD
Best Fit Index
Morningstar Small Cap TR USD
R-Squared 80.43 83.07
Beta 0.97 0.75
Alpha 0.29 3.73