Hilltop Decorrelated Fund Correlation with MSCI World Index

Inception to date, rolling 24monthsD

ec-0

9

Apr-

10

Aug-

10

Dec

-10

Apr-

11

Aug-

11

Dec

-11

Apr-

12

Aug-

12

Dec

-12

-1

-0.8

-0.6

-0.4

-0.2

0

0.2

0.4

0.6

0.8

1

Low correlation Medium correlation High correlation