Mutual Hedge Fund: Fund Performance

Fund Name⁽⁴⁾	NAV	NAV Daily Change	% Daily Change⁽¹⁾	% YTD Return⁽²⁾	Previous 30 days	Since Inception⁽³⁾	One Year Through 12/31/2019	Three Year Through 12/31/2019	Inception Through 12/31/2019⁽⁴⁾
Performance Through 1/24/2020							Annualized Rate of Return
Equinox MutualHedge Futures Strategy Fund Class A	$7.99	$0.07	0.88%	3.77%	1.78%	2.32%	9.03%	1.23%	1.96%
Equinox MutualHedge Futures Strategy Fund Class C	$7.57	$0.06	0.80%	3.56%	1.61%	1.54%	8.24%	0.45%	1.20%
Equinox MutualHedge Futures Strategy Fund Class I	$8.09	$0.07	0.87%	3.72%	1.76%	2.27%	9.32%	1.46%	1.86%

(1)	Represents the percentage increase/decrease in the net asset value from the prior trading day.
(2)	Performance for periods less than one year is not annualized.
(3)	Inception date of the fund is December 31, 2009 for A and C share classes. Inception date of the fund is May 24, 2011 for I share class
(4)	The maximum sales charge for Class A Shares is 5.75%. Class A Share investors may be eligible for a reduction in sales charges.