Clarke Capital Management,

Inc. (Global Magnum)

Fund Investment Objectives

Global Magnum is a fully systematic, multi-model trend following program that manages capital across a diversified portfolio of 15 exchange-traded futures markets. Market sectors traded include interest rates, currencies, metals, energies and grains. The program employs nine models which have an intermediate term focus. The use of both trend and counter-trend components in the models lowers the correlation of Global Magnum to other trend following systems. Each model consults a "Fuzzy-Logic Trend Filter" for permission to initiate positions and to take on market risk.