Last Updated December 31, 2023

“Annualized Net Returns” refers to average annual investment returns net of all paid fees to the management company, Gondolin Management, LLC, including annual management fees, trading fees, and performance fees. Annualized Net Returns for Gondolin are provided by Gondolin’s servicing partner, Opus Fund Services. Index Returns for the S&P 500, Russell 2000, Bloomberg Hedge Fund Index, MSCI World Index, and NASDAQ are provided by Bloomberg.