Southwest Managed Investments, LLC

Southwest Managed Investments, LLC, (SMI) a Texas Limited Liability Company organized in January 2009, has been registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor (“CTA”) since July 28, 2009, and has been a member to the National Futures Association (“NFA”) since that date. There have never been any material administrative, civil, or criminal proceedings against Southwest Managed Investments LLC or its principals in the past five years, or at any time. SMI was formed for the purpose of providing portfolio management services for serious long-term investors through disciplined implementation of well-balanced, trend-following commodity investment methods initiated through futures exchanges within the US and abroad.