EFTA Document EFTA01386455

GLDUS238 SOUTHERN FINANCIAL LLC SOF Funds show consistent performance1 Across different fund sizes, fund vintages and economic cycles Net Contributed Capital (as % of Fund Size) Net IRR 30% 100% -SOF 11 60% 40% 20% 0% 20% -40% 25 27 29 31 33 35 37 39 41 43 45 DPI (Distributed to Paid-In Capital) 2 OA 1.341 1:64 144 2x 1.0x Oita 0 CO 0 4x 0.2x 0.0x Quarters from inception $PJF -SOF JI 80% 40%. - 20% 0% ••• •341)F 4 .......03C2F III 1 3 5 7 9 11 13 15