Global Tactical Live
                                                                                                                             Trading Statistics

                                                                                                                        - Trading started: 2/2006

H                         EQUITIES HYPOTHETICAL                        

MODEL PORTFOLIO

Global Tactical Portfolio – September 2008

Past performance does not guarantee future results, as with any investment strategy there is a potential for profit as well as the possibility of loss.   The above information is supplemented by the attached disclosure (pages 2&3).  The data should be reviewed in conjunction with the disclosure to understand the limitation of the performance information. These results represent a hypothetical history of PAG’s strategy using various domestic and international indices and other investment products.  There are limitations inherent in hypothetical results, particularly that the performance results do not represent the results of actual trading using client assets, but were achieved by means of retroactive application of a back tested model that was designed with the benefit of hindsight.  These results may not reflect the impact that material economic and market factors may have had on PAG’s investment decisions and subsequent results.

Global Tactical Portfolio 

DISCLOSURE INFORMATION

-               The Global Tactical Portfolios are designed for GROWTH investors whose primary objective is CAPITAL APPRECIATION. The portfolios will invest in equities, bonds, commodities and currencies using a dynamic tactical allocation model to take advantage of global shifts in investment capital. Depending on account size, we primarily use ETF’s for diversification and low cost access to many different types of returns. ETF’s (Exchange Traded Funds) offer the ability to invest in real estate, commodities, equity sectors and foreign equities in a liquid exchange traded structure. Allowing for account size, Global Portfolio’s may also contain  currencies, commodities and individual equities. Some leverage may be used but in a limited fashion. These portfolios are long only. PAG offers three portfolios for you to consider: Conservative Growth, Intermediate Growth and Very Aggressive Growth.  There are no futures contracts traded in this portfolio.

-               Portfolio turn over for GTP is high – higher then mutual funds and may be higher then 2.5 times per year. We seek out volatile assets and volatile assets can create higher returns but also create larger losses.

-               Private Asset Group LLC is a registered investment advisor in the state of Nevada since February, 2006.  Private Asset Group LLC has been a registered IB since February, 2001.

-               This document shall not be construed or interpreted as a solicitation to sell, or offer to sell, investment advisory services to residents of any state in which PAG lacks authority.  Please check with PAG for current state registration.

-               All results are total returns; dividends and distributions have been reinvested unless otherwise indicated.  Private Asset Group, LLC (“PAG”) hypothetical model portfolio returns are net returns, deducting 2% advisory fees adjusted quarterly. Depending on account size your fees may vary. They do not include trading costs and other costs listed below.  Actual returns will be reduced by these costs.

-               Investment advisory fees are fully described in PAG’s SEC Form ADV-Park II.

-               The hypothetical results represent an account size of $100,000 US or larger.  Smaller accounts would make less due to fixed costs and other fees listed below.

-               A complete list of PAG investment programs and a description of the composites is available upon request.

-               PAG’s total discretionary assets refer to all accounts.

-               Prior to January 2001 fewer than 50% of the current ETF’s and Assets we trade were listed and trading.  Hypothetical results prior to January 2001 are not available due to this factor.

Global Tactical Portfolio – Disclosure Continued

-               The portfolios are designed, based on historical performance data, for funds to be invested and allocated in approximately zero to fifteen assets of funds as determined by PAG proprietary research and models.

-               Back tested and model performances have certain limitations and do not reflect actual client performance.  Actual client accounts may vary significantly from the model performances due to factors unique to each client.  The performance figures include monthly rebalancing, but do not take into consideration tax-management strategies, actual trading commission, referral fee, transaction costs such as wire transfer fee, etc., and the custodian fee.  All of which, when deducted, would reduce returns.  The performance figures also exclude interest, which is not added to the cash balances in the 60%, 75% and 90% hypothetical model portfolios.  The back tested performance results also differ from actual performance because it is achieved through the retroactive application of PAG ‘s model portfolios.  For all data periods, data is from the Yahoo financial database and performance figures and standard deviation is calculated by utilizing the Fund Manager software program and inputting the appropriate time range and corresponding months.  The comparison to the S&P, Nasdaq, and Russell 2000 Index’s are chosen to demonstrate the performance figures against a widely recognized group of index’s.  The indexes do not necessarily represent a benchmark for model portfolio’s comparisons as stocks dominate the indexes and PAG’s model returns are diversified with approximately zero to fifteen assets or funds.  All indexes have certain limitations.  Investors cannot invest directly in an index.  Indexes have no fees.  Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.  Actual performance for client accounts may differ materially from the index portfolios.  The hypothetical portfolio is rebalanced monthly and the results for the 100% portfolio have no cash when in reality we would leave 3% cash in the account.  These two factors may lower or increase actual returns.