Summary

The performance data represents actual results of an account of QTS Partners, LP, which is a commodity pool managed by the CTA. The results reflect the deduction of transaction fees actually incurred as well as pro forma deductions of (i) an annual asset management fee of 1%, charged monthly and (ii) a performance allocation of 20%, taken monthly, subject to a high water mark. No representation is being made that the clients of the CTA will experience results that are the same as the performance of the QTS Partners, LP account, as shown here. All investments involve risk, including the loss of principal. There can be no assurance that the CTA will achieve its objectives or will otherwise meet the CTA’s expectations. We currently can only accept clients who are Qualified Eligible Persons defined in CFTC Rule 4.7. Strategy Manager (3rd Party Manager) is NOT a registered Commodity Trading Advisor. Strategy Manager is exempt from registration under the Commodity Exchange Act as a Commodity Trading Advisor with the U.S. Commodity Futures Trading Commission pursuant to CFTC Rule 4.14(a)(10).