Gateway Natural Resources

Limited

Fund Investment Objectives

A principal aim of the investment strategy of the Fund is to enable investors to participate in the commodity markets through the Fund's investments in exchange traded futures, options, money market instruments, and commodity related international equities. The Fund will primarily invest in the European and U.S. financial markets but it will also be permissible to invest in emerging markets. The Investment Manager may select and appoint trading advisors to invest the Fund's assets. Trading advisors chosen by the Investment Manager will have proven success records in a wide variety of market conditions. Under the Investment Management Agreement between the Fund and the Investment Manager, the Investment Manager will make all decisions and affect the purchase and disposition of securities on behalf of the Fund, acting with full discretion but in accordance with the Fund's investment objectives and policies.