Esulep LLC

(MAX)

Fund Investment Objectives

ESULEP LLC MAX trades the same investment program as Esulep's Permo Fund. It is continually engineered to be an absolute-return style U.S. listed futures and options progam. The program needs to invest only in the S&P500 for accounts under 100M, with no additional leverage for its returns. The program uses proprietary analytics for its entry and exit points, and the already-hedged Core positions are hedged with two separate sub-strategy hedges to both protect gains and ensure continuity through catastrophic events.