Close Out - Long SPI200 Short eminiS&P500

Loss of -$287,682 or divergence of -1.50%

Breached VaR maximum loss of -1.50% on trade

Close Out Position - Long DIJA$10 Short NASDAQ100

Sell 159 DIJA$10 @ 12538
Buy 78 NASDAQ100 @ 2536.8
Profit of $106,429 or convergence of 0.52%

Close Position - Long DIJA$10 Short RUT2000

Sell 298 eminiS&P500 @ 1322.71
Buy 253 RUT2000 @ 766.1
Profit of $5,103

Sell 298 eminiS&P500 @ 1322.71
Buy 260 NASDAQ100 @ 2552.7
Profit of $5,676

Open Position - Long DIJA$10 S&P500 Short RUT2000 NASDAQ100

Buy 301 eminiS&P500 @ 1317.35
Sell 260 RUT2000 @ 763.14

Buy 159 DIJA$10 @ 12507.5
Sell 260 RUT2000 @ 763.14

Buy 159 DIJA$10 @ 12507.5
Sell 78 NASDAQ100 @ 2543.9

Buy 301 eminiS&P500 @ 1317.35
Sell 78 NASDAQ100 @ 2543.9

Close Position - Long NASDAQ100 RUT2000 Short DIJA$10 eminiS&P500 X2

Sell 79 NASDAQ100 @ 2512
Buy 304 eminiS&P500 @ 1307.28
Loss of -$10,571 or 0.05% divergence

Sell 79 NASDAQ100 @ 2512
Buy 158 DIJA$10 @ 12454
Loss of -$39,863 or 0.20% divergence

Sell 261 RUT2000 @ 756.4
Buy 302 eminiS&P500 @ 1307.28
Loss of -$23,174 or 0.11% divergence

Sell 261 RUT2000 @ 756.4
Buy 158 DIJA$10 @ 12454
Profit of $5,984 or 0.03% convergence

Sell 79 NASDAQ100 @ 2512
Buy 302 eminiS&P500 @ 1307.28
Profit of $105,702 or 0.52% convergence

Sell 79 NASDAQ100 @ 2512
Buy 158 DIJA$10 @ 12454
Profit of $170,376 or 0.84% convergence

Sell 261 RUT2000 @ 756.4
Buy 302 eminiS&P500 @ 1307.28
Profit of $41,190 or 0.21% convergence

Sell 261 RUT2000 @ 756.4
Buy 158 DIJA$10 @ 12454
Profit of $105,702 or 0.52% convergence

Open Position - Long NASDAQ100 RUT2000 Short DIJA$10 eminiS&P500 X2

Buy 79 NASDAQ100 @ 2480
Sell 302 eminiS&P500 @ 1297.43

Buy 79 NASDAQ100 @ 2480
Sell 158 DIJA$10 @ 12400

Buy 261 RUT2000 @ 749.15
Sell 302 eminiS&P500 @ 1297.43

Buy 261 RUT2000 @ 749.15
Sell 158 DIJA$10 @ 12400

Open Position - Long NASDAQ100 RUT2000 Short DIJA$10 eminiS&P500

Buy 79 NASDAQ100 @ 2511.5
Sell 304 eminiS&P500 @ 1304.45

Buy 79 NASDAQ100 @ 2511.5
Sell 159 DIJA$10 @ 12445

Buy 262 RUT2000 @ 755.63
Sell 304 eminiS&P500 @ 1304.45

Buy 262 RUT2000 @ 755.63
Sell 159 DIJA$10 @ 12445

Open Position - Long SPI200 Short S&P500emini

Buy 191 SPI200 @ 4184
Sell 299 S&P500emini @ 1332.09

Fund Performance: 05/11/2012

OPEN POSITIONS: (0)

CLOSED POSITIONS: (4)

The Fund is currently 17.84% up for the year and is set for an annualised return of 55.8%

The ratio of winners to losers is 44:16

Close out Position - Long NASDAQ100 Short DIJA$10

Sell 78 NASDAQ100 @ 2638.7
Buy 157 DIJA$10 @ 12998.5

Profit of $113,675 or convergence of 0.56%

Close Position - Long NASDAQ100 - Short SPOI200 X2

Sell 78 NASDAQ100 @ 2637.4
Buy 184 SPI200 @ 4328

Loss of $232,031 or continued divergence of 1.12%

Sell 78 NASDAQ100 @ 2637.4
Buy 184 SPI200 @ 4328

Profit of $155,344 or convergence of 0.77%

Close Position - Long DAX30 Short FTSE 100

Sel 98 DAX30 @ 6536.8
Buy 226 FTSE100 @ 5622.8

Profit of $305,168.43 or convergence of 1.47%

Open Position - Long NASDAQ100, NASDAQ100, DAX30 - Short SPI200, DIJA$10, FTSE100

Buy 78 NASDAQ100 @ 2600.4
Sell 186 SPI100 @ 4300.5

Buy 78 NASDAQ100 @ 2600.4
Sell 157 DIJA$10 @ 12882

Buy 98 DAX30 @ 6382.8
Sell 226 FTSE100 @ 5573.2

Fund Performance: 05/03/2012

OPEN POSITIONS: (1)

CLOSED POSITIONS: (4)

The Fund is currently 16.13% up for the year and is set for an annualised return of 54.5%

The ratio of winners to losers is 41:15

Open Position - Long Nasdaq100 Short SPI200

Buy 76 NASDAQ100 @ 2723
Sell 181 SPI200 @ 4420