Index Data

INDEX DATA

AlphaCycle Mesirow Utilities Index

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

Ticker Symbol:
AIPAUTG (Gross of Fee) or
AIPAUTN (Net of Fee)

Inception Date:
02/15/2007

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 12/31/2009	Inception through 12/31/2009
AlphaCycle Mesirow Utilities S&P GSSI Utilities* SOURCE: Morningstar Direct, American Stock Exchange	AlphaCycle Mesirow Utilities S&P GSSI Utilities*
*The S&P North American Sector indices are a family of indices designed as equity benchmarks for U.S. traded securities in seven broadly defined economic sectors. The seven sectors are Consumer, Cyclical, Financial Services, Health Care, Natural Resources, Technology and Utilities. The S&P North American Technology Sector Index is the technology sub-index of the S&P North American Sector Indices. The S&P North American Technology Sector sub-indices are a set of more narrowly based equity indices consisting of twelve or more stocks selected from the universe of stocks in the S&P North American Technology Sector Index.