Performance
| HLF Global Equity Portfolio Performance As of October 31, 2008 | |||
| Ticker: HLMGX | NAV (10/31/2008): $15.92 | Gross Expense Ratio: 1.43% Net Expense Ratio: 1.25%5 |
Minimum Investment: $100,000 |
| Annualized Returns for Trailing Periods | ||||||
| Last Month |
1 Year | 3 Years | 5 Years | 10 Years | Volatility1 | |
| HLF Global Equity Portfolio (net)2,4 | -18.65% | -38.54% | -2.12% | 3.13% | 3.89% | 14.89% |
| HLF Global Equity Portfolio (gross)3,4 | -18.56% | -37.76% | -0.89% | 4.43% | 5.20% | 15.87% |
| MSCI All Country World Index | -19.82% | -43.58% | -5.05% | 2.13% | 1.23% | 15.95% |
| Lipper Global Fund Index | -17.97% | -40.35% | -4.42% | 2.54% | 2.47% | 15.31% |
| As of September 30, 2008 | |||
| NAV (09/30/2008): $19.57 | |||
| Annualized Returns for Trailing Periods | ||||||
| Last Quarter |
1 Year | 3 Years | 5 Years | 10 Years | Volatility1 | |
| HLF Global Equity Portfolio (net)2,4 | -14.05% | -22.79% | 4.01% | 8.59% | 6.84% | 14.05% |
| HLF Global Equity Portfolio (gross)3,4 | -13.78% | -21.82% | 5.32% | 9.96% | 8.18% | 14.92% |
| MSCI All Country World Index | -16.62% | -26.89% | 1.28% | 8.00% | 4.40% | 14.89% |
| Lipper Global Fund Index | -13.61% | -24.80% | 1.33% | 7.89% | 5.19% | 14.40% |
| 1Variations of monthly returns from the average, since inception, annualized, 2Performance results are net of all investment advisory fees, 3Performance results are gross of all investment advisory fees, 4The Global Equity Portfolio commenced operations December 1, 1996, following a tax-free merger with the HLM Global Equity Limited Partnership ('GELP'), 5The Fund has voluntarily agreed to cap the total annual fund operating expense indefinitely.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Portfolio may be lower or higher than the performance quoted. The Portfolio imposes a 2% redemption fee on shares held less than 90 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced. Currently, the investment advisor of the Portfolio is waiving a portion of its fee. Absent such waiver, the expense ratio of the Portfolio would be higher and the Portfolio's performance lower. The Portfolio invests in foreign securities, which will involve greater volatility and political, economic, and currency risks and differences in accounting methods. It also invests in emerging markets, which involve unique risks, such as exposure to economies less diverse and mature than the U.S. or other more established foreign markets. Economic and political instability may cause larger price changes in emerging markets securities than other foreign securities. |
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| Global Equity Portfolio2,4 |
Global Equity Portfolio3,4 |
MSCI All Country World Index5 |
Lipper Global Fund Index6 |
Total Net Assets ($M) |
|
| 20087 | -36.12% | -35.45% | -40.31% | -37.03% | 26 |
| 2007 | 16.39% | 17.86% | 11.65% | 9.27% | 38 |
| 2006 | 17.84% | 19.32% | 20.95% | 19.29% | 32 |
| 2005 | 16.65% | 18.12% | 10.84% | 11.89% | 27 |
| 2004 | 7.61% | 8.97% | 15.24% | 14.38% | 28 |
| 2003 | 31.38% | 33.03% | 33.99% | 31.96% | 28 |
| 2002 | (18.96%) | (17.94%) | (19.32%) | (18.65%) | 19 |
| 2001 | (15.46%) | (14.39%) | (16.21%) | (15.76%) | 20 |
| 2000 | 0.57% | 1.83% | (13.94%) | (8.50%) | 25 |
| 1999 | 37.13% | 38.86% | 26.81% | 33.68% | 25 |
| 1998 | 2.00% | 3.28% | 21.97% | 14.58% | 29 |
| 1997 | 9.34% | 10.71% | 14.99% | 14.01% | 67 |
| 2Net of fees calculation
3Gross of fees calculation 4The Global Equity Portfolio commenced operations December 1, 1996, following a tax-free merger with the HLM Global Equity Limited Partnership ('GELP'). 5The MSCI All Country World Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. The Index consists of 48 developed and emerging market countries. Net dividends reinvested. You cannot invest directly in this Index. 6The Lipper Global Fund Index, an unmanaged index published by Lipper Analytical Services, Inc., includes 30 funds that are generally similar to the Fund, although some funds in the index may have somewhat different investment policies or objectives. This fund invests at least 25% of its total assets in securities traded outside the US and may own US securities. You cannot invest directly in this Index. 7The 2008 returns reflect the year (January 1, 2008 - October 31, 2008) for the Portfolio and MSCI All Country World and Lipper Global Fund Indices. The Portfolio's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and a hard copy may be obtained by calling 1-877-435-8105. Read it carefully before investing. The Portfolios are distributed by Quasar Distributors, LLC. |
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