The underlying Fund is an Asia long/short equity hedge fund that focuses on absolute returns with a concentration on investing in large-cap China-related securities. This consists of Global 2000 companies listed in Hong Kong, Singapore, Taiwan, Korea, Japan and the U.S. that have a significant portion of their assets or revenue in China, that source or manufacture in China, or that target the large and growing Chinese domestic consumer market. The underlying Fund does not trade the Chinese domestic equity markets. The Dynasty research team of ten is based in Shanghai, China. The investment objective of the underlying Fund is to provide investors consistent positive returns by trading a portfolio of equities poised to take advantage of the growth in Asia. However, the Underlying Fund will not invest in the Chinese domestic markets, and in particular it will not invest in A or B shares issued by Chinese companies. The Investment Advisor will make investment recommendations to the board of the underlying Fund based on a combination of fundamental and technical analysis using both industry standard and proprietary indicators developed and proven over the past several years. Such analysis will be carried out by Daisen Financial Corporation for the Investment Advisor pursuant to a Sub-Advisory Agreement, relating to the underlying Fund, between Daisen Financial Corporation and the Investment Advisor. Redemption fee will be 6% of redemption price during the first year, declining by 1.2% per year through the fifth year; thereafter none. AUM is not disclosed.