The Winton Diversified Futures Fund performance figures are based on the Winton Diversified Futures Fund (US) L.P., the longest running account solely invested in the Winton Diversified Futures Master Fund. Performance figures are net of a 1% management fee and 20% performance fee from inception to 31 March 2017. From 01 April 2017 returns are net of a 0.9% management fee and 16% performance fee. Performance of other accounts which started at different times may differ from the performance shown in the chart. No representation is being made that any account will or is likely to achieve profits or losses similar to those being shown. The reference index has been selected by the Investment Manager for performance illustration and comparison purposes only. It is not a formal benchmark and does not form part of formal investment objectives or investment policy. Data as at 30 April 2019.