Core Alternatives Fund
|FUND||MONTH||YTD||1 YR||3 YR||5 YR||10 YR||SINCE INCEPTION|
|Core Fund, L.P.||0.03%||0.98%||2.51%||14.47%||8.20%||5.95%||4.19%|
|Core TEI Fund, L.P.||0.32%||1.85%||3.21%||14.24%||7.93%||5.72%||3.98%|
|Core Institutional Fund, L.P.||0.04%||0.97%||2.52%||14.50%||8.23%||6.12%||4.10%|
|Core TEI Institutional Fund, L.P.||0.31%||1.62%||3.18%||14.42%||8.08%||5.96%||3.90%|
|HFRX Global Hedge Fund||-0.46%||-0.13%||-1.26%||2.83%||1.52%||1.30%||1.07%|
|S&P 500 TR Index||0.43%||9.65%||2.92%||12.92%||11.01%||11.99%||9.37%|
|FUND||QUARTER||YTD||1 YR||3 YR||5 YR||10 YR||SINCE INCEPTION|
|Core Fund, L.P.||0.54%||0.98%||2.51%||14.47%||8.20%||5.95%||4.17%|
|Core TEI Fund, L.P.||0.82%||1.85%||3.21%||14.24%||7.93%||5.72%||3.98%|
|Core Institutional Fund, L.P.||0.53%||0.97%||2.52%||14.50%||8.23%||6.12%||4.10%|
|Core TEI Institutional Fund, L.P.||0.82%||1.62%||3.18%||14.42%||8.08%||5.96%||3.90%|
|HFRX Global Hedge Fund||-1.31%||-0.13%||-1.26%||2.83%||1.52%||1.30%||1.07%|
|S&P 500 TR Index||5.75%||9.65%||2.92%||12.92%||11.01%||11.99%||9.37%|
Inception Date: Core Alternatives Fund and Core Alternatives TEI Fund 04/01/2005; Core Alternatives Institutional Fund , and HFRX Global Hedge Fund Index, and S&P 500 TR Index 01/01/2007; and Core Alternatives TEI Institutional Fund 02/01/2007. Performance results and calculations after the Funds’ most recent fiscal year are unaudited. The principal value of the Funds will fluctuate so that an investor’s units, when redeemed, may be worth more or less than the original cost. Returns are net of all expenses of the Funds, including the management fee and incentive allocations, and reflect reinvestment of all distributions, if applicable. Returns do not reflect payment of the 2% early redemption fee or upfront placement fees, which could be up to 2% for Core LP and Core TEI and 0% for Core Institutional and Core TEI Institutional, if applicable, which would reduce the returns shown above. Past performance does not guarantee future results and current performance may be lower or higher than the figures shown. To obtain performance information current to the most recent month-end, please call 866.388.6292. The net expense ratios shown below are the expenses partners will expect to incur through the Core Alternative Fund’s investment in the Master Fund, Core Alternatives Institutional Fund’s investment in the Master Fund, the Core TEI Fund’s investment in the Offshore Fund and the Master Fund, and the Core TEI Institutional Fund’s investment in the Offshore Fund and the Master Fund. The net expense ratio and total expense ratio for the Hatteras Core Alternatives Fund, L.P. is 2.53% and 5.23%, respectively. The net expense ratio and total expense ratio for the Hatteras Core Alternatives TEI Fund, L.P. is 2.85% and 5.55%, respectively. The net expense ratio and total expense ratio for the Hatteras Core Alternatives Institutional Fund, L.P. is 2.52% and 5.22%, respectively. The net expense ratio and total expense ratio for the Hatteras Core Alternatives TEI Institutional Fund, L.P. is 2.80% and 5.50%, respectively. The total expense ratio for all funds includes Acquired Fund Fees and Expenses of 2.70%. Please see the current prospectus for detailed information regarding expenses of the Funds.
General Risks and Disclosures
Please carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. This and other information is in the Prospectus, copies may be obtained online at hatterasinvestmentpartners.com or by contacting Hatteras at 866.388.6292. Please read the Prospectus carefully before you invest.
This is not an offer to sell or a solicitation to buy the securities issued by Hatteras Core Alternatives Fund (the ”Fund”). The Fund is registered under the Investment Company Act of 1940 (the “1940 Act”) as a non-diversified, closed-end investment company designed for long-term investors and is NOT a trading vehicle. An investment in the Fund is speculative and involves substantial risks. It is possible that investors may lose some or all of their investment.
The Fund is a private investment. As such, the Fund invests in private equity investments. In general, private investments involve a high degree of risk, including potential loss of principal invested. These investments can be highly illiquid, charge higher fees than other investments, and typically do not grow at an even rate of return and may decline in value. Private equity investments are speculative investments and are not suitable for all investors, nor do they represent a complete investment program.
The Fund differs from open-end investment companies in that investors do not have the right to redeem their shares daily. Instead, repurchases of shares are subject to the approval of the Fund’s Board of Trustees (the “Board”). The Fund’s shares represent illiquid securities of an unlisted closed-end fund, are not listed on any securities exchange or traded in any other market and are subject to substantial limitations on transferability. LIQUIDITY IN ANY GIVEN QUARTER IS NOT GUARANTEED. YOU SHOULD NOT INVEST IN THE FUND IF YOU NEED A LIQUID INVESTMENT.
The illustrations are not intended to predict the performance of any specific investment or security. The past performance figures do not represent performance of any Hatteras security and there can be no assurance that any Hatteras security will achieve the past returns of the illustrative examples.
|FUND||CORE ALTERNATIVES FUND, L.P.||CORE ALTERNATIVES TEI FUND, L.P.||CORE ALTERNATIVES INSTITUTIONAL FUND, L.P.||CORE ALTERNATIVES TEI INSTITUTIONAL FUND, L.P.|