PERFORMANCE & ATTRIBUTION

Manage Downside
Growth of $100
$140
Absolute Return Composite (Advisory Fees @ 1.95%) S&P 500

$130 $120 $110 $100 $90 $80 $70 $60 $50

1,2

Manage Downside (2)

Monthly Returns
15.00%

10.00%

5.00%

0.00%

-5.00%

-10.00%

-15.00%

-20.00% Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08
S&P 500

Dec-08

Mar-09

Jun-09

Absolute Return Composite (Advisory Fees @ 1.95%)

1,2

Attribution - 2007
Attribution - 2007
Fixed Income Real Estate Domestic

Return: 12.1%
Gross of Fees

Inflation Linked

International

Equity

Domestic

Precious Metals

Commodity

Global

Energy

-3.00% Energy 2.02%

-2.00% Commodity Global 2.75%

-1.00% Precious Metals 1.52%

0.00% Domestic 1.60% 0.58%

1.00% Equity International 0.79%

2.00%

3.00%

4.00% Real Estate Domestic -2.33% 0.96%

Long Short

Fixed Income Inflation Linked 1.14%

Attribution First half of 2008

Attribution
January to June, 2008
Real Estate International Domestic Nominal Inflation Linked Global Equity Emerging Market Domestic Curr International Emerging Market Precious Metals Commodity Global Energy Agriculture -4.00%
Commodity Agriculture Long Short 2.42% Energy 2.38% -1.81% Global 0.49% Precious Metals 2.09% Emerging Market 0.04%

Return: 14.0%
Gross of Fees

Fixed Income

-2.00%

0.00%
Curr

2.00%
International -0.49% Domestic 1.77% 7.66%

4.00%
Equity Emerging Market -0.40% -2.69%

6.00%
Global 0.93%

8.00%
Fixed Income Inflation Nominal Linked 0.83% 0.01%

10.00%
Real Estate Domestic 0.87% -0.03%

12.00%
International -0.56%

Attribution Second half of 2008

Attribution
July to December, 2008
Curr International Emerging Market Domestic Nominal Inflation Linked Global Equity Emerging Market

Return: -6.9%
Gross of Fees

Fixed Income

Real Estate

Domestic
Precious Metals Commodity Industrial Metals Energy Agriculture

-5.00%

0.00%
Commodity Industrial Energy Metals -3.68% -1.39% 2.27% Precious Metals -3.53%

5.00%
Equity Emerging Market -0.51%

10.00%

15.00%

20.00%

Agriculture Long Short -1.73%

Domestic -3.40% 16.05%

Global -3.79%

Fixed Income Real Estate Curr Inflation Emerging Nominal Domestic International Linked Market -3.17% -3.43% 0.05% 0.16% -1.13% 0.69%

Attribution YTD 2009

Attribution YTD 2009
Fixed Income Nominal

Return: 2.1%
Gross of Fees

Inflation Linked

Global
Equity

Emerging Market

Domestic Currency

International

Precious Metals

Commodity

Industrial Metals

Energy

Agriculture
-5.00% Agriculture 0.65% -4.00% Energy -0.59% -0.66% -3.00% -2.00% Precious Metals -2.02% 0.91% -1.00% Currency International 0.22% 0.00% Domestic 0.97% -4.04% 1.00% Equity Emerging Market -0.58% 2.00% Global -0.06% 3.00% 4.00%

Long Short

Commodity Industrial Metals 2.22%

Fixed Income Inflation Linked Nominal 0.71% 1.01% 2.22%

Allocations: 2009
Allocation as % of Market Value
6/30/09
50.00% 45.00% 40.00%

35.00%
30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% Domestic Cash Short Long 43.08% 5.10% Agriculture Energy Commodity 1.48% 0.50% 11.49% 2.24%

Precious Metals

Domestic Equity

Emerging Market
0.19%

Inflation Linked

Nominal

Fixed Income 1.54% 32.88% 8 1.50%

Exposure: 2009
Portfolio Exposure as % of Market Value
200.00%

150.00%

100.00%

50.00%

0.00%

-50.00%

-100.00% Domestic Cash Long Short 43.08% 5.10% Agriculture Energy Commodity 0.21% -0.60%

Precious Metals 10.10%

Domestic Equity -0.92%

Emerging Market

Inflation Linked

Nominal

Fixed Income 32.88% -0.02% 9 178.63% -56.92%

Monthly Allocations
Month End Allocations
1

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

Equity

Commodity

Real Estate

Currency

Fixed Income

Cash

10

Performance Statistics
Up Months vs Down Months
3% 2% Up 19 2% 1% 1% 0% -1% 0.48%

Average Return
2.19%

Down

15

-1% -2% -2% -1.68% Down

10

15

20

Up

Total

Maximum Single Month Return

12% 10% 8% 6% 4% 2% 0% -2% -4% -6% -3.53% Down
1,2

Frequency Distribution of Monthly Returns

9 8 7 6 5 4 3 2 1 0 8 6 5 3 3 2 1 1 0 0 0 0 1 3

9.61%

Up 11

Legal Disclaimers
1The performance goals described throughout this presentation are for illustration purposes only. The publication of

performance goals is in no way a solicitation or offer to sell securities or investment advisory services. Prior performance is not a guarantee of future performance, capital loss may occur. Individual results will vary depending on market conditions and investing may cause capital loss. Performance calculations are net of all fees reflecting the deduction of advisory fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid. A performance calculation includes the reinvestment of capital gains. Indices, such as the S&P 500, are used for comparison purposes. Such indices are significantly less volatile than Absolute Return Composite because of the indices higher number of securities holdings. The Absolute Return Composite includes all accounts currently managed by Harness Investment Management Group, LLC. It also includes First Independent Bank client accounts held during August 2006 through April 2008 and Yoke Investment Group, LLC client accounts held during April 2008 through April 2009. Don Yocham was primarily responsible for the management of the assets in all of the aforementioned accounts. The aforementioned accounts are all substantially similar.
2 Returns 3 Returns 4 Returns

are after fees and all data based on monthly returns through June 30, 2009 and standard deviations are since inception (8/31/2006) for periods greater than 1 year are annualized

12