GLENDOWER ACCESS SECONDARY ()WORT UNI 11ES IV (U.S.). L.P. IMPORTANT INFORMATION CONTINUED Presersestem Further. :Ma in the Atoms Fund we, expo recce IC,Ver fetter+, nen nelson cisernittenu Orem!, to the Underlying Fins as a result of the es:titer-HI fees and co panses assocWecl wen an investment in tre Access Find riot tire conteree neren Mould be deemed to le oreectice or I:reject:xi of future polcernente of the Underlying Fund or the Acorn Fund NOTE: Historical returns presented hmen do nod include any fees and °menses that would be aesSOCHtee withal investment in the Aeons Fund. which would have the effect of lowering the net returns experienced by an Investor Bench-harks are financial irssices are shown Ior F;ttrath* outisoles only aril ate urovisksd for the our pose of making enteral market data available as a noire of rolererce oriv. sme teeneeireysi art f wg,tx may hot Ps 0,1,444 tar 4: eel eiyesueee. may be unmanaged. mourn Helve Amen! of trna)ine. C.) not reflect the impact of any ;retire ccenmssens and enstn. management Cw peen). n nice Inn. and have limAntons %Men used for comparison or other ragilO5/1 because they, among cern. reascos may hove diffirerc tredve strategy. waSetnly cremator c11 materiel dierecteirstios resainentatice is made tnst ai banchrisark or eclea nen eeproonste retain for comµeisrr . Akeoriative investments often ye scrocidatne ed irclurty a Men degree of rut imeston could Ease all or e substantial amount of their investment Affair:Ore miestments are datable orgy for depot:. sare-MIIIIImotstots who we willing to forgo haughty axe ran capital ce risk ter an exlelinim oar' xt of rime They may be higny 'Mudd and can neap: in Ott xie and other spetverthe DiaCtiCeS that ray increase the VCCobi:ty and ':5? ?MS. fatarlataart worestmene tycocally hem tt ner fees then &Stone inn-unmet. Invest," dryad carefully nouns ant consider DOteriaal rdks before inve5ting Contain ot Mete nil's may include but are rat Ihmhted to • Lo