GLENDOWER ACCESS SECONDARY °WORT UN! 1IES IV (U.S.). L.P. IMPORTANT INFORMATION CONTINUED Presertemon Further. :Ma in the Access Fun" cral direr Terre IC,Ver returns than matins critnitteng Orris to the Underlying Fists as a result of the esker -el fees and copenes assocrecl witn an 'mestere in the Access Fred riot fird careened neren Mould bederma to le orriction or project:xi of future peditreeme of the Underlyirra Fund or the Access Fund NOTE: Historical returns presented herein do nod include any fees and ripen:sea that would be eedOCitted withal investment in the Acres Fund. which would hove the effect of lowering the net returns experienced by an Investor. Bench-harks ard Nereid' irides are shown F;ttrath* outisoles only aril ate prandsked far the purpose of making dermal market data available as a port of ro(ererce orig. sru turieirwaga art financial may hot bi 0,1,444 rat id, eel ewassiwri. may be unmanaged. assume dime seinen of trna)ine. C.) not reflect the impact of ally ;redid ccenniestris and enstn. menngerment Cw peen). n nice fees. and have limentons %Men sired for comparison or other ragilO5/1 because they, among Cam reasons. may have didererr trading strategy. waSetnly cremator c11 mouth & renecteintios resurnentabor is made tnst mi tneechnsark or eclea nen daemon-re ineasue for comµeisin. Akerriatfie rriermonts often are sordatne rid ;mitre a high degree of rid, treston court lase all or e substentol amount of their treatment. Agar eerie :vestments are actable orgy for Mode. dint investors who alll willing to forgo haughty next ran capital ce ink for an indolence Dried of lime They may be higly illiceef ant can reap: in 'onta'tre and other spetviene DiaCtiCeS that May increase the VCCobi:ty and ':5? ?MS. fatarlataart !fritterer' ," ricscally hem M ird fees Mr, beirtione inn-meets. investors snarled carefully renew anti consider DOteriaal inks before inve5ting Contain ot thee. nil's may include but are rat Ihmhted to • Lost o