Matching funds is an amount equal to the advisor’s account balance at the time of entry into the program. A unit is equivalent to the quantity traded by the advisor on each trade, and may vary from program to program. Performances are for proprietary accounts that are either owned by the advisor or are entities of which the advisor is a beneficial owner. There have been no net cash additions to these lead account. Peak-to-valley draw-down is the greatest cumulative percentage decline in month-end net equity during the life of the account. Subscribers funding with a balance equivalent to the advisor’s initial investment subsequent to the program inception date could experience a drawdown that exceeds the advisor’s historic drawdown on a percentage basis. Subscribers should take this into consideration when determining the funding level of their account. When the commission rate has changed during the life of a program, performance data is calculated using rates that applied during specific periods of time.