PERFORMANCE OF THE CRABTREE FUND (NET OF FEES)

Since inception on April 1, 2009 (non-annualized, un-audited)

Through Thursday September 2, 2010

Returns Beta vs.
  September Q3 Year-to-Date Since Inception Nasdaq MLO RUO
The Crabtree Fund 4.61% 3.21% -4.65% 51.79% - - -
Nasdaq Composite 4.07% 4.30% -3.05% 43.92% 1.35  
Merrill Lynch Tech 100 4.91% 7.05% -1.96% 57.49% 1.16  
Russell 2000 Growth 5.35% 4.03% 1.31% 50.20%     1.06

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