ICE Global

Credit Strategy

Fund Investment Objectives

The ICE Global Credit Strategy Composite represents an asset weighted net return for ICE Global Strategic Credit LP, and ICE Global Credit Fund LP. ICE Global Strategic Credit LP, represents a single investor open-ended fund, with an inception date of November 20, 2008. ICE Global Strategic Credit LP pursues a strategy focused on generating risk-adjusted returns from income and capital appreciation through global credit, with a focus on emerging markets. Net returns shown are calculated net of all applicable fees and expenses since inception of ICE Global Strategic Credit LP, in November 2008. The return has been adjusted to normalize the impact of a large cash infusion in May 2009. The return assumes a constant cash position of 10%, until such as the cash level was reduced below 10%, which occurred in April 2010. ICE Global Strategic Credit LP was removed from the Composite as of May 1, 2014. The ICE Global Credit Fund LP is a multi-investor fund with a substantially similar objective to ICE Global Strategic Credit LP and an inception date of June 30, 2012. The results shown are for illustrative purposes only.