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SilverBack Managed Futures PA LLCSilverBack Managed FuturesManager: Julia Lundstrom

Address: PO Box 2854, Denver, CO, 80201, USA

Contact info: 800-480-1580, email: jlundstrom@silverbackmf.com

Program Summary

Primary Market: Commodities Accepting Funds: Yes

Inception Date: Jan, 2010 Min Investment: $15,000

Registrations: CTA Notional Funding: No

Current Assets: $151 Annual Mgt Fee: 2%

Max Capacity: N/A Incentive Fee: 20%

CPO Strategy: N/A Other Fee: N/A

Max Margin/Equity: 21% RT per Mil $: 11000

Disclosure: Yes

Program Performance VS S&P 500

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

Performance Program S&P

Total ROR: 19.08% 6.13%

Annual ROR: 23.31% 7.39%Year to Date: 19.08% 6.13%

1 Year: 19.08% 6.13%

3 Years: 19.08% 6.13%

Alpha: 1.96

Beta: -0.04

Yearly Returns

Program VS S&P 500

2010 Absolute Returns. All information on this site is for educational purpose only. This presentation does not constitute a solicitation to invest. Derivatives transactions, including futures and options,

are complex and carry a high degree of risk. There is a risk of loss trading futures and options. They are intended for sophisticated investors and are not suitable for everyone. PAST PERFORMANCE

IS NOT INDICATIVE OF FUTURE RESULTS . See disclosure documents for additional discussion of risks. Before investing in a Managed Futures program please speak with a NFA Registered

Managed Futures specialist. Data formula calculations: www.absolutereturns.com/info-formulas.html

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Statistics Program S&P

Avg Monthly Gain: 4.25% 4.92%

Avg Monthly Loss: -3.48% -5.51%

Winning Months: 7 6

Losing Months: 3 4

Current Drawdown: 1.35% 0.29%

Max Drawdown: 8.87% 13.14%

# DD > 25%: 0 0

# DD > 20%: 0 0# DD > 15%: 0 0

# DD > 10%: 0 1

# DD > 5%: 1 0

Sharpe Ratio: 1.07 0.36

Annualized Std Dev.: 21.65

Sortino Ratio: 2.32

Sterling Ratio: 20.63

Calmar Ratio: 2.63

Risk Free Rate: 0.12%

Monthly Returns

Program VS S&P 500

Directional

Long: 0%

Short: 0%

Strategy

Systematic: 0%

Discretionary: 0%

Trend Following: 0%

Day Trading: 100%

Fundamentals: 0%Pattern Recognition: 0%

Arbitrage: 0%

Other: 0%

Yearly Monthly Returns

2010

January 6.81%

February 0.04%

March 0.00%

April -8.87%

May 1.09%

June 7.13%

July 14.47%

August -0.11%

September -1.47%

October 0.23%

November

December

YTD 19.08%

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

Sectors Traded

2010 Absolute Returns. All information on this site is for educational purpose only. This presentation does not constitute a solicitation to invest. Derivatives transactions, including futures and options,

are complex and carry a high degree of risk. There is a risk of loss trading futures and options. They are intended for sophisticated investors and are not suitable for everyone. PAST PERFORMANCE

IS NOT INDICATIVE OF FUTURE RESULTS . See disclosure documents for additional discussion of risks. Before investing in a Managed Futures program please speak with a NFA Registered

Managed Futures specialist. Data formula calculations: www.absolutereturns.com/info-formulas.html