Global Absolute Return This portfolio uses the same security selection process of other services but the holdings are limited to 20-30 positions. Individual positions can be as high as 15% and cash is used aggressively to control loss exposure. The object of this product is absolute positive return. Case for Long Only Global Absolute Return Investing View Video > Global Absolute Return Performance Select Other Products U.S. All Cap Value U.S. Value U.S. Small Cap Value U.S. SMID Cap Value U.S. Choice International Small Cap Value Global Small Cap Global Choice Global Equity Shareholder Yield Global Absolute Return Epoch Mutual Funds As of June 30, 2008 YTD 1 Year 3 Years 5 Years Since Inception Inception Date1 12/31/01 Epoch Gross Return -4.0% -7.3% 10.0% 14.4% 14.4% Epoch Net Return -4.7% -8.6% 8.4% 12.7% 12.7% S&P 500 -11.9% -13.1% 4.4% 7.6% 3.6% MSCI World (Gross) -10.2% -10.2% 9.4% 12.5% 7.7% Lehman U.S. Aggregate 1.1% 7.1% 4.1% 3.9% 5.1% Risk Statistics Since Inception (December 31, 2001 - June 30, 2008)2 Annual Standard Deviation Sharpe Ratio Information Ratio Alpha Beta R-Squared Epoch 10.5 1.1 Epoch vs. S&P 500 12.4 0.1 S&P 500 1.2 12.3 0.6 0.5 MSCI World 12.6 0.4 MSCI World 0.7 9.8 0.6 0.5 Lehman U.S. Aggregate 3.5 0.7 Lehman U.S. Aggregate 0.8 17.4 -0.4 0.0

Click here for Schedule of Fees. 1See End Notes (Download Adobe Acrobat Here) for further information and composite performance disclosure. 2The risk statistics are shown as supplemental information only and complement the Composite presentation which is located within the Performance Disclosure section of the End Notes. Additional information regarding policies for calculating and reporting returns is available upon request. Past performance is no guarantee of future results. © 2008 Epoch Investment Partners, Inc.