Macro Allocation Fund

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As of 12/31/2016

Standardized Returns

  Month YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Life of Fund
11/29/2011
Macro Allocation Fund 1.74% 2.01% 2.01% -0.64% 4.85% -- 5.30%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.04% 0.33% 0.33% 0.14% 0.12% -- 0.12%
Long Term Comparative Index 0.72% 3.68% 3.68% 2.36% 3.84% -- 3.85%
Morningstar Multialternative Category 0.72% 1.38% 1.38% 0.61% 3.14% -- --
Morningstar Quartile Ranking in Category----241----
Fund's Ranking / # of Funds in Peer Group----198 / 419185 / 23919 / 141----
Morningstar Rating----------
Expense Ratio (Gross): 1.56%
Expense Ratio (Capped): 1.35%

Calendar Year Total Returns

  2016 2015 2014 2013 2012 2011†
Macro Allocation Fund 2.01% -6.24% 2.55% 13.20% 14.15% 2.63%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.33% 0.05% 0.03% 0.07% 0.11% 0.00%
† Since Fund’s inception on 11/29/11 through 12/31/11.