WELTON GLOBAL DIRECTIONAL PROGRAM employs systematic, quantitative models with experienced portfolio management to provide reliable managed futures style class exposure. Rates of return for the Welton Global Directional Portfolio (GDP) program have been restated for the June 2004 (inception date) - April 2009 period. The restatement reflects a change in the method used to compute rates of returns, which has been adopted to conform to filing requirements of certain U.S. domestic investors. No changes were required in calculating the underlying actual gross trading results and related transaction costs. There is no material difference between the rates of return previously reported and the restated rates of return.