Clarke Capital Management,

Inc. (FX-Plus)

Fund Investment Objectives

FX-Plus is a fully systematic, multi-model trend following program that manages capital across a diversified portfolio of 27 exchange-traded futures markets. Market sectors traded include interest rates, currencies, and eight equity index markets. The program employs 23 models which have a long and ultra-long term focus. The use of both trend and counter-trend components in the models lowers the correlation of FX-Plus to other trend following systems. Each model consults a "Fuzzy-Logic Trend Filter" for permission to initiate positions and to take on market risk.