Global Vista Advisors LLC

(Options)

Fund Investment Objectives

GLOBAL VISTA OPTIONS is a diversified futures options program with the objective to maximize investment returns by extracting THETA (time value) from futures options in a diversified market portfolio. The program was designed with the objective of achieving top quartile, risk adjusted absolute returns, which are uncorrelated to CTA, Equity, Bond, and Hedge Fund indices, while providing value-added diversification to portfolios consisting of traditional assets. The GVO strategy generates alpha both from volatility and market direction by selling options contracts with a typical maturity of 2-5 months. It employs a hybrid systematic/discretionary decision-making process, while using strict proprietary systematic Risk Management procedures, based on a Three-Tier approach. GVO attempts to predict where the market will NOT go rather than WHERE and WHEN it will go, and rely less on timing the market and direction.