Our Raven Program has been designed specifically to be a cost-effective complement
to traditional Stock, Bond, Real-Estate, Private Equity and Venture Capital portfolios.
This performance data is intended for use only by Qualified Eligible Persons as defined in section 4.7 of the Commodity Exchange Act. Orca Program: Performance is based on Customer Accounts on an Actual Basis, and Proprietary Accounts (one on a Pro Forma Basis which closed on 1/4/2011, and another on a Pro Forma Basis which opened on 11/23/12). Composite scores reported include proprietary assets only, from 1/1/2008 to 10/30/2010 and from 2/1/2013 to 12/31/2014. All other composite scores include either (a) client assets under management only, or (b) both client assets under management and proprietary assets. Performance is based on Actual and Pro Forma fees of 0.0-2.4 & 0-25 (0.0%-to-2.4% Annual Management Fee accrued monthly, and 0%-to-25% Incentive Fee accrued monthly charged quarterly). Starting 2/1/2013, each month's Beginning Equity-Nominal is reset back to the desired trading level, using adjustments to Notional. Raven Program: An enhancement to the original Orca Program, net performance is based upon hypothetical trades and signals assessed and recorded using current bid/ask prices monitored every 10 seconds of every trading day for an account with an initial size of $5M, profits reinvested. While no Management or Incentive Fees have been applied, commissions and exchange fees totaling $6 per Round/Turn have been assumed. Daily updates with timestamps may be made available for prospective qualified investors at Totem Asset Group's sole discretion. S&P 500: data provided by AlphaBot.net 50:50 *: Hypothetical 50:50 blend of S&P 500 and Orca/Raven Program using performance analytics and data provided by AlphaBot.Net CTA **: Barclay CTA Index provided by AlphaBot.Net as of date of publication and subject to revisions. There are inherent limitations in using hypothetical returns and an index of CTA returns as noted by further important disclosures below. Further supporting details for this chart are available upon request