Saxon Investment Corporation

(Aggressive Diversified)

Fund Investment Objectives

Reflects performance of the AGGRESSIVE DIVERSIFIED PROGRAM, a multiple systems trend-following approach, incorporating volatility measures, pattern recognition, breakout analysis and risk management. It is the same as Saxon's Diversified Program except that the percentage of equity risked is approximately twice that of the Diversified Program. From November 2011 forward returns are entered as zeros because funds are tied up with MF Global.