ROW Asset Management

(Currency Fund)

Fund Investment Objectives

ROW CURRENCY FUND invests in a portfolio of forwards contracts and options in both developed and emerging market currencies. The Fund presently trades primarily in the following currencies: U.S. dollar, Euro, Swiss franc, British pound, Japanese yen, New Zealand dollar, Australian dollar, Canadian dollar, Norwegian krone, Swedish krona, Hungarian forint, Polish zloty, Romanian leu, Russian ruble, Czech koruna, Turkish lira, Israeli shekel, South African rand, Indian rupee, Indonesian rupiah, Philippine peso, Singapore dollar, Korean won, Taiwan dollar, Argentine peso, Brazilian real, Chilean peso, Colombian peso, Mexican peso, Peruvian sol, Egyptian pound, Chinese yuan and Thai baht. Currencies may be added to, or deleted from, this list at any time, and the Fund may not have positions in some of these currencies at any given time.