Capital Partners LLC

Fund Investment Objectives

The objective of Pavlik Capital Management LLC is to generate superior risk-adjusted returns over a long-term horizon while providing diversification for nearly every portfolio in both rising and falling markets. The Manager seeks to achieve the objective by investing in options on ETFs (exchange traded funds). The multi-disciplined strategy combines a rigorous analysis of underlying portfolio exposure with quantitative and qualitative characterizations of option valuations and volatilities. Once option positions are created active rebalancing occurs as changes in underlying valuations and implied volatility movements create opportunities to either capture profits or improve risk profiles.