Shown below is a chart of the performance  of the Alpha Fund compared to ETFs that track equity indices .
The table below shows the monthly returns of Magnolia’s Alpha fund along with the monthly returns of ETFs that track the S&P 500, the Russell 2000, and the DJIA. Below the chart are statistics including the annualized Alpha when benchmarked against each ETF and the correlation of each ETF with the Alpha fund.
 Actual returns for Investors would have been lower than the figures presented after adjusting for applicable Management Fees. Performance data represents audited returns through 2015.
 ETF quotes were pulled from Yahoo Finance