Spreadsheet: 6b94b01f-6bc0-4f35-b346-a64dd2c87f0d
Sheet: Sheet1

Unnamed: 0 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4
 | Diversified Arbitrage Fund
 | Monthly Performance History
 | Inception Date | 2009-01-15 00:00:00
 |  | Class N | Class I | ML 3-Month
 | Date | ADANX | ADAIX | T-Bill Index
* | 2009-01-31 00:00:00 | 0.005000000000000115 | 0.005000000000000115 | -6e-05
 | 2009-02-28 00:00:00 | -0.003980099502487677 | -0.002985074626865813 | 0.00024
 | 2009-03-31 00:00:00 | 0.007992007992007943 | 0.007984031936127733 | 0.0003500000000000001
 | 2009-04-30 00:00:00 | 0.02279484638255713 | 0.02277227722772279 | 0.00027
 | 2009-05-31 00:00:00 | 0.002906976744186052 | 0.002904162633107443 | 0.00014
 | 2009-06-30 00:00:00 | 0.01062801932367163 | 0.01158301158301178 | 0.00011
 | 2009-07-31 00:00:00 | 0.01529636711281057 | 0.01526717557251911 | 0.00017
 | 2009-08-31 00:00:00 | 0.01318267419962349 | 0.01315789473684204 | 0.00025
 | 2009-09-30 00:00:00 | 0.01672862453531598 | 0.01669758812615973 | 0.00024
 | 2009-10-31 00:00:00 | -0.01553930530164538 | -0.01459854014598538 | 0.00022
 | 2009-11-30 00:00:00 | -0.00557103064066844 | -0.006481481481481532 | 0.00011
 | 2009-12-31 00:00:00 | 0.01664658715506495 | 0.01810396697634253 | 8e-05
 | 2010-01-31 00:00:00 | 0 | 0 | 6e-05
 | 2010-02-28 00:00:00 | -0.0009276437847866026 | 0 | 3e-05
 | 2010-03-31 00:00:00 | 0.004642525533890662 | 0.003703703703703543 | 4e-05
 | 2010-04-30 00:00:00 | 0.009242144177449063 | 0.01014760147601468 | 8.999999999999999e-05
 | 2010-05-31 00:00:00 | -0.0137362637362638 | -0.01369863013698625 | 0.00015
 | 2010-06-30 00:00:00 | 0.00835654596100266 | 0.008333333333333304 | 0.00012
 | 2010-07-31 00:00:00 | 0.005524861878453136 | 0.005509641873278071 | 0.00018
 | 2010-08-31 00:00:00 | 0.009157509157509125 | 0.01004566210045654 | 0.00012
 | 2010-09-30 00:00:00 | 0.005444646098003769 | 0.005424954792043302 | 5e-05
 | 2010-10-31 00:00:00 | 0.00631768953068601 | 0.00629496402877705 | 0.00017
 | 2010-11-30 00:00:00 | 0.007174887892376747 | 0.008042895442359255 | 5e-05
 | 2010-12-31 00:00:00 | 0.002451158500780704 | 0.002587599383677031 | 0.00019
 | 2011-01-31 00:00:00 | 0.008100810081008047 | 0.008078994614003632 | 6.982315830517116e-05
 | 2011-02-28 00:00:00 | 0.004464285714285809 | 0.005342831700801298 | 0.0001600002327275529
 | 2011-03-31 00:00:00 | 0.001777777777777656 | 0.0008857395925598865 | 0.0002603223634360941
 | 2011-04-30 00:00:00 | -0.005323868677905907 | -0.004424778761061954 | 0.0002006432214578524
 | 2011-05-31 00:00:00 | 0 | 0.000888888888888717 | 6.977494672399942e-05
 | 2011-06-30 00:00:00 | -0.00267618198037467 | -0.002664298401420906 | 8.866614145297547e-05
 | 2011-07-31 00:00:00 | 0.0008944543828266482 | 0.0008904719501336977 | -6.976389282520312e-05
 | 2011-08-31 00:00:00 | -0.00178731009830202 | -0.001779359430605032 | 0.0002296555022116564
 | 2011-09-30 00:00:00 | -0.0035810205908684 | -0.002673796791443861 | 1.8891367371765e-05
 | 2011-10-31 00:00:00 | 0.00179694519317164 | 0.001787310098302353 | 2.034416514806736e-05
 | 2011-11-30 00:00:00 | 0.001793721973094131 | 0.001784121320249632 | -1.017187563578936e-05
 | 2011-12-31 00:00:00 | 0.002309400179050902 | 0.002728049866429272 | -8.718839231813824e-06
 | 2012-01-31 00:00:00 | 0.008294930875575979 | 0.008264462809917328 | -2.034416514817838e-05
 | 2012-02-29 00:00:00 | 0.007312614259597838 | 0.007285974499089409 | 2.034457904165343e-05
 | 2012-03-31 00:00:00 | 0.001814882032667775 | 0.002712477396021651 | 0.0001104397536613178
 | 2012-04-30 00:00:00 | 0 | 0 | 3.923084299817248e-05
 | 2012-05-31 00:00:00 | -0.005434782608695454 | -0.005410279531109286 | 0.0001307643466650354
 | 2012-06-30 00:00:00 | -0.002732240437158584 | -0.001813236627379755 | 9.007032749286381e-05
 | 2012-07-31 00:00:00 | 0.00273972602739736 | 0.002724795640326905 | 8.86095991796676e-05
 | 2012-08-31 00:00:00 | 0.003642987249544483 | 0.00362318840579734 | 0.0001307238908077046
 | 2012-09-30 00:00:00 | 0.00453720508166966 | 0.004512635379061436 | 0.0001190884217008303
 | 2012-10-31 00:00:00 | -0.0009033423667569318 | -0.0008984725965860418 | 8.857961855590624e-05
 | 2012-11-30 00:00:00 | 0.002712477396021651 | 0.004496402877697925 | 0.0001597195904790016
 | 2012-12-31 00:00:00 | 0.006026157075492478 | 0.004579432549720597 | 0.0001524352621959935
 | 2013-01-31 00:00:00 | 0.002724795640326905 | 0.003623188405797118 | 2.903086270933386e-06
 | 2013-02-28 00:00:00 | 0.0009057971014494459 | 0.001805054151624574 | 0
 | 2013-03-31 00:00:00 | 0.004524886877828038 | 0.003603603603603567 | 0.0001567662035291129
 | 2013-04-30 00:00:00 | 0.0009009009009008917 | 0.001795332136445005 | 0.0001088483553737252
 | 2013-05-31 00:00:00 | 0.0054 | 0.0054 | 0.0001
 | 2013-06-30 00:00:00 | -0.004476275738585556 | -0.003565062388591778 | 5.513983025640101e-05
 | 2013-07-31 00:00:00 | 0.0008992805755396738 | 0.0008944543828264262 | 8.560712135174953e-05
 | 2013-08-31 00:00:00 | 0.004492362982928988 | 0.004468275245755216 | 4.787785054571891e-05
 | 2013-09-30 00:00:00 | 0 | 0 | 4.788e-05
 | 2013-10-31 00:00:00 | 0 | 0 | -3.77183e-05
 | 2013-11-30 00:00:00 | -0.001788908765652963 | -0.000889679715302405 | 5.948115027853973e-05
 | 2013-12-31 00:00:00 | 0.000535842 | 0.000268032 | 0.00013056
 | 2014-01-31 00:00:00 | 0.008287292817679592 | 0.008256880733944927 | 6.672226855730656e-05
 | * partial month return, inception date 1/15/2009
 | Diversified Arbitrage Fund
 | Monthly Performance History
 | Month-end Returns as of | Class N | Class I | ML 3-Month
 | January 31, 2014 | ADANX | ADAIX | T-Bill Index
 | 1 Year | 0.019793092567429 | 0.02218047132119816 | 0.0007939979822197962
 | 3 Years | 0.01674946287530132 | 0.01960119395300586 | 0.0009556967981125819
 | 5 Years | 0.03693776215484146 | 0.0399292813665908 | 0.001273852212126725
 | 10 Years
 | Since Inception Cumulative Return | 0.2048403791109907 | 0.2223205011820995 | 0.006325125608655391
 | Since Inception Annualized Return | 0.03761566930378413 | 0.04058147772602294 | 0.001250183745985289
 | Since Inception Annualized Monthly Volatility | 0.02280669999881588 | 0.02269050241339775 | 0.0003016158579130478
 | Since Inception [NAME] | 1.594508875009841 | 1.73338136209863
 | Quarter-end Returns as of | Class N | Class I | ML 3-Month
 | December 31, 2013 | ADANX | ADAIX | T-Bill Index
 | 1 Year | 0.01416712044688562 | 0.0174827897100438 | 0.000730132388888638
 | 3 Years | 0.01668677640550853 | 0.0195412278963083 | 0.0009567313457683468
 | 5 Years
 | 10 Years
 | Since Inception Cumulative Return | 0.1949375814744621 | 0.2123105971687793 | 0.006257985793089338
 | Since Inception Annualized Return | 0.03654611451812007 | 0.03956597438516685 | 0.001258133336250467