Index Data

INDEX DATA

AlphaCycle Mesirow Real Estate Index

The AlphaCycle Mesirow Real Estate Index is an equal weighted index comprised of a limited number of select mutual funds. All funds within this index are Real Estate sector funds.

Ticker Symbol:
AIPAREG (Gross of Fee) or
AIPAREN (Net of Fee)

Inception Date:
02/15/2000

Index Manager:
Mesirow Financial

Index Objective:
Maximized risk adjusted return within asset class

Performance Overview

AlphaCycle Investing is a superior means of delivering the investment value add from active managers.

Performance Summary vs. Benchmark	Performance Since Inception
For Periods Ending 06/30/2010	Inception through 06/30/2010
AlphaCycle Mesirow Real Estate Dow Jones U.S. Real Estate Index®* SOURCE: Morningstar Direct, American Stock Exchange	AlphaCycle Mesirow Real Estate Dow Jones U.S. Real Estate Index®*
*The Dow Jones U.S. Real Estate Index is a foat-adjusted capitalization-weighted, real-time index that provides a broad measure of the U.S. real estate securities market. The index consists of Real Estate Investment Trusts, and other companies that invest directly or indirectly in real estate through development, management or ownership, including property agencies.