Returns shown are time-weighted returns (TWR), gross of performance fees (20% incentive allocation), as calculated by Interactive Brokers LLC. Net-of-fee returns would be materially lower. Performance prior to September 2020 represents predecessor performance from Sahdev LLC, a predecessor entity operating under a different legal and regulatory structure. Past performance is not indicative of future results. Investing involves significant risk, including the potential loss of the entire investment. The Fund experienced a maximum drawdown of 51.63% from January 2022 to September 2022.