Summary

The Short-Term Futures Portfolio represents a model set that is entirely focused on intra-day and short-term directional trading opportunities. The portfolio employs a fully systematic signaling and execution engine and utilizes a variety of intra-day modeling techniques to predict short-term price dislocations across a broad array of diversified futures markets, including stock indices, fixed income, currencies and commodities. The Short-Term Futures Portfolio targets a consistent volatility profile over time, while seeking to deliver low correlation benefits and a unique risk/return profile relative to both traditional investments and other managed futures offerings. * The Short-Term Futures Portfolio began trading on July 27, 2016. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.