Adalpha Asset Management LLC

(Diversified Short-Term)

Fund Investment Objectives

ADALPHA ASSET MANAGEMENT, LLC is an alternative investment management company that employs an institutional quality futures program designed to consistently produce high absolute returns adjusted for risk. The program is diversified, short-term and 100% systematic. It utilizes multiple momentum and mean reversion based systems which incorporate price, time, volatility and pattern recognition into its dynamic models. These elements are combined to generate high probability directional trading signals which attempt to capitalize on the many short-term trends that are present in most types of market environments. Returns are based on proforma adjustments to a proprietary account to reflect fees. Client accounts will be traded in like fashion.