Industry Recognition | DLS Capital

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Industry

Recognition

Pensions & Investments Magazine

Top Performing Managers

February 22, 2010

P&I Rankings '09 & '10.pdf

2 Northfield Plaza, Suite 375

Northfield, IL 60093

P: 847.282.3800

Any person or entity investing in accounts or funds managed by DLS Capital Management, L.L.C. (the Accounts’) must be able to bear the risks involved and must meet the Accounts’ suitability requirements. In this regard, an investment in the Accounts may not be suitable for certain investors. The risks that DLS Capital Management wants to call attention to include:

Past results are not necessarily indicative of future performance. No assurance can be given that the Accounts’ investment, research, and/or risk management process will be successful or that the Accounts’ investment objectives will be achieved The Accounts are speculative and involved a great degree of risk. An investor could lose all or a substantial amount of the investment DLS Capital Management has total trading authority over the Accounts. The use of a single advisor could mean lack of diversification and, consequently, higher risk.

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