Hedge Fund Replication by TrueBeta
The first fully independent, fully transparent approach
The TrueBeta Proposition:                                                                             info@true-beta.com
Independent factor based hedge fund replication offering transparency and daily liquidity
July 2010 TrueBeta


Monthly Return 1.33%
Year to Date -0.72%
TrueBeta launches dynamic exposure model; incorporated as a standard feature as of May 2010. Press Release
TrueBeta performance after fees (also see the Performance section of this web site).
HFR data by Hedge Fund Research, Inc. (HFR)

HFRI Composite is HFR's Fund-Weighted Composite Index; HFRI FoF is HFR's Fund of Funds Index
HFRX is HFR's Investable Equal Weighted Strategies Index