GLENDOWER ACCESS SECONDARY ()WORT UNI 11ES IV (U.S.). L.P. ., IMPORTANT INFORMATION CONTINUED Prenertemon Puree:. :Ma in the Access Fund will truer ierce IC,Ver returns than minters cammittinuoirectio the Underlying' Fins as a result of the es:dere' fees and co penses assocreci wan an 'mestere in the Access Find riot tire contaned reran Mould be detract to le priction or projection of future pedrereame of the Underlyina Fund or the Access Fund NOTE: Historical returns presented herded* nod include any fees and eopeerres that would be deOdated withal investment in the Aeons Fund. which would have the effect of lowering the net returns exprienced by an Investor. Bench-harks ard financial Irvaces are shown for F;ttrath* outiather only aril ate provided for the our pose of making emeral market data available as a nom of ro(ererce oniv. sme paydepto art f wg,tx al tatjej may hot 0,1,444 tor ,d; act eiyagrwed. may be uwerinatted. ruins irivae seinen of trna)ine. C.) not reflect the impact of any bailee crenate:sans and enstn. menngerment Cw peen). n nice ties. end have lithtetions wen tried for corripernon or other ragilO5/1 because they, among celm renscors may have difererc tredve strategy. waSetnly cremator other risamialcharecurstics terlienentaticm is made tnst ai benchmark of eclea nen cowman:ft earn for umµeisin. akvrietrve inverdments often are sorsdatthe xd rclurn a Pen dant of rub imeston could lase all or e substantial amount of their meatment After meths investments are de tote orgy for dictate. are- Imontots who alll willing to forgo haughty next ran capital co risk cur an indolent' plead of rime They may be body illichaf and can reap: in awe xie and other spettliathe DiaCtiCeS that ray increase the VCCobi:ty and ':5? ?MS. fatarlataart knestmeres tratacally It 4a te ne fees then treirtiona investment: Invests's Mixed carefully renew ant consider DOteriaal ruks before inve5ting Contain OI thee. nil's may include but are rat to • Lost