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FYI

Arlene Busch
312-498-9595 (m)
202-333-1880 (w)


Begin forwarded message:

*From:* Fund Reports - IPM <fundreports@ipm.se>
*Date:* July 3, 2012 3:41:50 AM EDT
*To:* IPM Client Relationship Management <
IPMClientRelationshipManagement1@ipm.sthlm>
*Subject:* *IPM Preliminary June Performance*

Please find the preliminary *June *performance below.


*Fund*

*Status*

*29-Jun-12*

*YTD*

*ITD (ann.)*

*Inception Date*

*IPM Systematic Macro (A-shares, USD)*

Prel.

-4.31%

-1.17%

-

-

*IPM Systematic Macro (B-shares, USD)*

Prel.

-4.27%

-0.92%

9.16%

1-Jul-2006

*IPM Systematic Macro (C-shares, EUR)*

Prel.

-4.24%

-1.07%

-

-

*IPM Systematic Macro (E-shares, USD)*

Prel.

-4.35%

-1.42%

-

-

*IPM Systematic Currency (A-shares, USD)*

Prel.

-3.30%

-4.29%

3.71%

1-Apr-2005

*IPM Systematic Futures (C-shares, USD)*

Prel.

-8.46%

-14.65%

-4.08%

10-Sep-2008

*IPM Systematic Macro Diversified (C-shares, USD)*

Prel.

-5.77%

-6.55%

-5.27%

1-Jul-2010


*The content in this performance report has been obtained and compiled in
good faith from sources believed to be reliable. However, no representation
or warranty, expressed or implied, is made by IPM Informed Portfolio
Management AB (“IPM”) with respect to the completeness or accuracy of its
contents, and it is not to be relied upon as authoritative and should not
be taken in substitution for the exercise of reasoned, independent judgment
by you. Recipients are urged to base their investment decisions upon such
investigations as they deem necessary. To the extent permitted by
applicable law, no liability whatsoever is accepted by IPM for any direct
or consequential loss arising from the use of this document or its
contents. The content of this performance report must not be published or
distributed in the United States.*


If you have any questions, please contact your relationship manager
directly.

Alternatively, you may respond to this e-mail.


Kind regards,

Client Services - IPM


Client Services
*IPM Informed Portfolio Management AB
*S/B: +46 8 20 19 29,

Direct: +46 8 506 85 991

www.ipm.se

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