Last Modified: January 30, 2014

  •  The Joule Energy Reduction Asset Fund’s securities may be sold only to accredited investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds. In general, an accredited investor is a person (i) whose net worth (excluding his/her primary residence) exceeds $1 million, or (ii) whose income has exceeded $200,000 ($300,000 with his or her spouse) for the previous two years and is reasonably expected to exceed that level for the current year. Entities such as trusts, LLCs or corporations will be required to meet separate standards to be deemed an accredited investor. Prospective investors will be required to provide evidence that they are “accredited investors.”
  • Performance data represents past performance.
  • Past performance does not guarantee future results.
  • Current performance may be higher or lower than the performance data presented.
  • The Fund is not required by law to follow any standard methodology when calculating and representing performance data
  • The performance of the Fund may not be directly comparable with the performance of other private or registered funds. For current performance data, please contact us through our website at http://www.jouleassets.com.
  • Any stated internal rates of return are calculated based on the appreciation of both realized and unrealized investments.  Unrealized investments may decline in value prior to their actual disposition.  Gross internal rates of return do not reflect deductions for fees, expenses and carried interest that would be paid by fund investors.  Internal rates of return that are presented net of management fees and expenses do not reflect deductions for carried interest that would be paid by fund investors.  In each case, actual returns realized by investors may be lower than the performance data presented.
  •  Securities in the Fund are being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933 (the “Securities Act”) and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act.
  • The Securities and Exchange Commission has not passed on the merits of or given its approval to our securities, the terms of the offering, or the accuracy or completeness of any offering materials.
  • Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their securities.
  • Investing in securities involves risk, and investors should be able to bear the loss of their investment.
  • Securities offered are not subject to the protections of the Investment Company Act of 1940, as amended.