The Tahoe Fund strategy utilizes a proven systematic methodology to trade both equities and futures. The systematic models codify Incline Investment Management, LLC's (IIM) core trading approach while integrating our long-term thematic philosophy and view that markets cannot be predicted over the long run. The strategy provides investors with a unique opportunity to capture trading opportunities that most models do not capture. IIM's methodology incorporates systematic, opportunistic, and hedging strategies across multiple time frames. The goal of IIM's strategy is capital appreciation through the use of our proprietary blend of systematic models. The fund's actual inception date is September 15, 2010.