Disclaimer

This website is not an offer to sell or buy any securities and may not be relied upon for that purpose. Any offer will be made only through the applicable Fund’s private placement memorandum and subscription documents, if applicable, and will be subject to the terms and conditions contained in those documents.

The performance results on this website are hypothetical back test results, unless otherwise stated, and do not reflect actual investments. The back-tested results were achieved by means of the retroactive application of a model that was designed with the benefit of hindsight. The trades during the back test were not actually executed – they are simulations. These simulations cannot reflect all of the complexities of actual investing and there are many material factors that would have affected actual results, including those relating to the markets in general, the impact of fees and expenses, liquidity activity and other factors, any or all of which may have adversely affected actual performance.

The back-tested performance results on this website are not indicative of the skill of the adviser. The adviser was not managing money until 1993. The adviser’s clients, during the back-tested periods, actually had investment results that were materially different from those portrayed.

The performance results reflect the deduction of, if applicable, estimated operating expenses, investment management fees, placement fees, incentive allocations or any other fees and expenses and do include the reinvestment of dividends and all other earnings. If these fees and expenses are higher than estimated, performance would be lower. Information about fees and expenses is included in the Fund’s private placement memorandum, if applicable. Potential investors should review this information carefully before investing.

The S&P 500 index is an unmanaged, broad-based market index calculated by Standard & Poor’s Corporation. Investing in the Fund is not similar to investing in that index. An index is not available for direct investment, and the securities in the index will not match the Fund’s holdings. In addition, unlike the index, the Fund’s performance will be affected by fees and expenses.

Past performance is not an indication of future results. Patton's Funds are a speculative investment and involves a number of substantial risks. There can be no assurance that the Funds will achieve their investment objective or that investors will receive any return of or on their capital. The Funds are suitable only for investors for whom an investment in the Funds does not constitute a complete investment program and who have adequate means of providing for their needs and contingencies even if their investment in the Funds results in a total loss.