Index Data

INDEX DATA

AlphaCycle KBC Large-Mid Value Index

The AlphaCycle KBC Large-Mid Value Index is an equal weighted index comprised of a limited number of select mutual funds. All funds within this index are large or mid cap value domestic equity funds.

Ticker Symbol:
AIRILVG (Gross of Fee) or
AIRILVN (Net of Fee)

Inception Date:
02/18/1997

Index Manager:
Kanon Bloch Carré

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 12/31/2011	Inception through 12/31/2011
AlphaCycle KBC Large-Mid Value Russell 1000® Value Index* SOURCE: Morningstar Direct, American Stock Exchange	AlphaCycle KBC Large-Mid Value Russell 1000® Value Index*
*The Russell 1000® Russell 1000 Value Index is an unmanaged market capitalization-weighted index of those stocks of the 1,000 largest U.S. domiciled companies that exhibit value-oriented characteristics.