The operating history of the Fund prior to the Incubation Period §2.2 has been a “proof of concept” using paper trades. After each trade, an email is sent to document the trade and to calculate the “proof of concept” performance record. Actual trading of the Fund will begin during the Incubation period but as no Fees will be charged, the Fund’s Performance Record during the Incubation Period will be somewhat overstated. The performance of the Fund during the “proof of concept” period should not be construed as an indication of the future results of an investment in the Fund.