This document summarizes the performance of the Argie Bond Quant fund from inception in December 2011 through July 2014. Over this period, the annualized return was -2.09% and the annualized volatility was 33.17%. The maximum single-day loss was 11.69% and the maximum drawdown over a period of 27 trading days was 32.10%, recovering over the next 15 days. The Sharpe ratio, a measure of risk-adjusted return, was 0.519.

1. Return
Since inception 12/07/2011 (2,63 years)
Annualized
Year 2012
Year 2013
Year to date
Month to date
Week to date
Last day 07/25/2014
Best day
Worst day
Risk
Annualized volatility
VaR1% 1 day
Maximum drawdown (27 trading days to the bottom, 15 to recover)
Risk-adjusted
Sharpe ratio (Risk free rate 17,40%)
Argie Bond Quant track record
-2,09%
-6,99%
-2,00%
-1,67%
-4,34%
1,26
40,45%
11,69%
Class B1/
112,62%
33,17%
32,10%
5,19%
This document is for information purposes only. This document is not an advertisement and the information contained
herein does not constitute investment advice, an offer to sell, or the solicitation of any offer to buy any securities.
Past performance is not an indication of future results.
12,53%
-5,55%
1/ Net return to investors. The period between inception date and 07/08/2014 presents a proforma calculation based
on managed accounts. From that date onwards actual audited figures are available.

2. Daily data Inception date 12/07/2011 =0,4500
Argie Bond Quant track record
The period between inception date and 07/08/2014 presents a proforma calculation based
on managed accounts. From that date onwards actual audited figures are available.
0,40
0,50
0,60
0,70
0,80
0,90
1,00
1,10
D
____
E
2012
F M A M J J A S O N D E
2013
F M A M J J A S O N D E
2014
F M A M J J
Maximum drawdown Recovery Argie Bond Quant

3. J F M A M J J* A S O N D Year
2011 2,60% 2,60%
2012 3,92% 3,05% 2,58% 0,50% -2,11% 4,23% 4,55% 0,94% 4,05% -1,45% 2,48% 5,75% 32,10%
2013 5,71% -3,57% 6,81% 6,16% -2,54% -0,68% 5,78% 2,26% 7,55% 8,06% -1,13% 1,01% 40,45%
2014 8,43% 1,41% 0,61% 0,90% 2,67% -0,90% -1,67% 11,69%
* as of 07/25/2014
Argie Bond Quant track record