Strategic Ag Trading

(Balanced Program)

Fund Investment Objectives

The SAT BALANCED trading program is based on a general overview of fundamentals of grain and soybean markets and the principle that grain and soybean contracts have strong relationships. The Program trades in the agricultural markets. The trading philosophy consists of three basic strategies: 1) Long and short positions will be hedged in related commodities and/or with covered options; 2) The Program will not be outright long or short; and 3) Technicals will constantly be monitored to enhance fundamental methodology. Technical tools are used to assist money management.