The beginning balance of Short Portfolio 40G is the ending balance of Short Portfolio 40F as of June 27, 2014.

The beginning balance of Short Portfolio 40F is the ending balance of Short Portfolio 40E as of May 16, 2014.

The beginning balance of Short Portfolio 40E is 35% of fund equity as of May 9, 2014.

The beginning balance of Short Portfolio 40D is ending balance of Short Portfolio 40C as of May 2, 2014.

The beginning balance of Short Portfolio 40C is ending balance of Short Portfolio 40B as of April 11, 2014.

The beginning balance of Short Portfolio 40B is ending balance of Short Portfolio 40A as of April 4, 2014.

The beginning balance of Short Portfolio 40A is 60% of fund equity as of March 31, 2014.