Monthly Performance (% change)
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year
2010	1.47	2.28											3.78
2009			37.98	8.06	22.91	8.81	10.21	4.50	22.71	0.85	0.54	8.13	208.99

The above performance is for Class A. Investors in Class C or a different Series should refer to the valuation on their Monthly Statements.

Current Month NAV	$320.6724
Current Month Performance	2.28%

N/A	N/A	N/A
Annualized Compound Return	Annualized Standard Deviation	Correlation to Dow Jones Industrial Average

	BTR Fund	DOW Jones
Annualized Compound ROR	N/A	8.68%
Annualized Std. Deviation	N/A	15.35%
12 Month Return	220.67%	46.19%
Winning Months	100%	59.12%
Average Monthly Gain	10.70%	3.53%
Average Monthly Loss	0%	-3.16%
Sharpe Ratio (5.0%)	N/A	0.30
Alpha	N/A	-
Beta	N/A	-

Depth	Length	Recovery	Peak	Valley
0	0	0	0	0

Growth of $1,000 (VAMI)

Exposures Current Month
Gross Long	139.01%
Gross Short	32.20%
Net	106.81%
Long Holdings	64
Short Holdings	9
Concentration - Top 10 Holdings	59%

Sector Allocations Long Weightings Short Weightings Metals 7.82% 0% Gold 35.12% 0.57% Energy 67.61% 6.34% Other 0% 25.29% Agriculture 15.65% 0% Uranium 11.82% 0% Fixed Income 1.00% 0%

*2008 performance of the BTR Global Opportunity Fund from 1/1/2008 to 31/7/2008. Calculation of Annualized Compound Return, Annualized Standard Deviation and other performance metrics will be calculated after at least a 12 month track record has been generated by the BTR Strategic Growth Fund. *Smaller initial investments may be approved by the BTR Directors. The above is provided for informational purposes only and is qualified in its entirety by way of the relevant offering memorandum, which is only available to qualified investors. Valuations are computed and performance reported in US dollars. For a description of the risk factors and risk measurement instruments, as well as detailed descriptions of the strategies and objectives of the fund, please view the applicable offering memorandum. The estimated returns presented in this information sheet are net of management fees, performance fees, non-returnable withholding taxes and all other applicable trading fees, but do not take into account early redemption fees. Although care is taken in arriving at estimates, estimates may vary from the final number posted for a month/year - investors should not rely on estimates for investing decisions. It is further advised that any prospective investor consult with a professional financial advisor before investing. There can be no assurance that a fund's investment objectives will be met. Past performance cannot predict future results and the funds' net asset value, net asset value per unit or share and yields will fluctuate. Source: PerTrac.