EFTA Document EFTA01378227

SRLR102 Alpha Group Capital Footnotes to Historical Investment Performance Slides (cont.) `Gross IRR': is the compound annualized gross internal rate of return based on the actual capital inflows and outflows from portfolio investments on the dates such Inflows and outflows occurred, and includes Unrealized Value as a terminal value as of June 30, 2018. Unless otherwise noted, all IRRs are presented on a 'gross" basis and do not reflect the deduction of management fees. partnership expenses,