Past performance does not guarantee future results and there is no guarantee this trend will continue. All returns are estimates and assume reinvestment of dividends. Index information is provided for illustrative purposes only and is not meant to represent the results of an actual investment. The historical performance of each index cited is provided to illustrate historical market trends and not an individual property, fixed income instrument, or stock. The USDA Cropland values and cash rent index, St. Louis Fed 10-Year Treasury, annualized 3-month CD’s, Case-Shiller Index and LBMA Gold Prices are not investable indexes and instead represent the best available proxies for each given asset class meant to compare the historical performance of each asset class at a broader market level over long periods of time.

The S&P 500 Total Return Index annualized and Moody’s Aaa and Baa corporate bond yields from FRED are also not indexes that are directly investable, however similar indexes exist that allow for investing in each indices. For USDA Cropland, CD’s, Baa Corporate Bonds, S&P 500 TR, Case-Shiller, and Gold each index is a composite return measure of investment performance of a large pool of individual properties, fixed income instruments, real estate, or equities and not representative of individual instruments. For the USDA Cropland Index, index components consist of farmland properties often comparable to farmland offerings on AcreTrader, though the index may not be representative of the agricultural investment market as a whole. In addition, individual AcreTrader offerings and the Fund are typically comprised of individual farmland assets and therefore do not necessarily offer the diversification of a large pool of assets. Risk/reward profile for each asset class varies significantly. Investment objectives for farmland, real estate, gold, and stocks typically include long-term capital appreciation and current income, while investment objectives for fixed income are generally focused on current income. For each index, returns do not include any management fees, transaction costs or expenses and are therefore directly comparable on an expense basis. While this is a comparison of broad indexes, it is important to note that farmland and real estate investments are generally highly illiquid and long-term, while fixed income and gold investments provide limited liquidity and stocks provide a high degree of liquidity. Finally, while this is again a comparison of broad indexes, tax considerations for each individual investor will vary significantly and are not taken into account for direct comparability purposes.

Sources: USDA Cropland Returns Statistical Report (2025), St. Louis Fed, S&P 500, LBMA Gold Price, Case-Shiller, Professor Aswath Damodaran, NYU Stern 2025 (2025), St. Louis Fed, S&P 500, LBMA Gold Price, Case-Shiller, Professor Aswath Damodaran, NYU Stern 2025