EFTA01387901

ARVEST V1)14111 11V 4Ar AtttSIg%1. LkC Collateral Yield Enhancement Strategy (CYES) FIRM OVERVIEW $12 billion AUM investment manager founded in April 2008. Vetted and approved by numerous investment consulting firms, ideDisident klA oatforms, and large broker-dealers. , Experienced team of 15 Investment professionals with deep trading, portfolio management, marketing, operational and technology backgrounds.  No Initial capital required  No change to existing weightings  No liquidation of holdings  Maintain flexibility to change positions Demonstratedsuccessthroughtheglobal financial crisis and other significant market events. ▪ Robust Infrastructure that efficiently integrates proprietary systems and processes with third-party custodians. • Full service solutions delivered with an emphasis on education, transparency and access. CONSISTENT CONSERVATIVE COMPLEMENT TAX RETURNS RISK PORTFOLIO ADVANTAGED Delver steady cash Construct and manage low correlation of 60% long term/40% flows over Urne, market to knit losses and returns enhances short term capital gains cycles and events drawdovens portfolio IiRC Section 1256) SIMPLE LIQUID & OPEN CENTRALLY SETUP TRANSPARENT COMMUNICATION CLEARED Separately managed Exchange fisted securities. Emphasis on information All positions centrally account opened at held and viewable at sharing and education cleared and guaranteed existirg custodian existing custodian with diem and advisors by the OCC CYES IS an overlay that seeks to exploit the volatility risk premium and time decay properties of option premium by actively managing a portfolio of short-dated index option spreads on the S&PSCO index (SPX). CYES sells options to generate premium while purchasing further out of the money options to contain risk. In a disciplined manner the strategy will seek to mitigate exposure to market directional or gap risk by defensively adjusting positions in response to a large move or reducing exposure ahead of specific market events. Consistent Returns Conservative Risk Monthly Return Distribution (April 2M —current) Returned +3.34% during financial Crisis (Sept 08-Feb09) Only one drawdown exceeding 3% In 9 years (recovered In 2 months) Sot I05 -85% of months between Positive returns In 7 of 9 years Only 6 months exceeding a 1% loss; only 1 month exceeding a 2% loss So. -0.5% and +1.0% 20. - 70% of months positive Low correlation to S&P500 of 0.07 lea Best month: +3.51% Best year: +3.62% Worst month: -2.83% Worst year: -0.68% Oh ones .47 ,0 Best trailing 12-month: +7.71% Worst trailing 12-month: -1.99% oe ," s o s o s • "#. *s e s e s e s • :Ae 241E 2017 2016 20:5 Si 2015 2011 20121 20O) )0X:. .145% 0.44% -0-39% 0.12% 423% 411% 0.13% 0.30% -029% -0.12% Ai" May itth Adt 4.63% 412% 016% -037% 0.24% este -0.17% 024% 027% 0.16% 423% 4.01% 0.00% 0.06% 0. 0.30% 014% 030% 018% 0.15% 027% 022% 4.15% 020% 042% 024% 026% 013% 0.12% -0.9614 046% 015% .067% 009% -01I% 0.28% 0 08% 020% 0 24% 0.14% -0.36% ohm -005% 014% -0.30'.. 016% 0077 -002% 034% .0.40% 4.67% • trnersire nexonetecentele. amine fonvnieneoreses, re) ei- -••••• • • • Cerntantish•rem.towrxtteeticomr unentintiveCIAlat tenceisa "10.1 -1 0 06% 419% 2.90% 021% 006% .032% -031% 0.01% 0.71% 092% 0.415 025% 0.24% 404% -0 I % 014% 0.97% .112% urn I .035% 0.32% 026% 134% 133% 0.02% 027% .059% 0.05% -066% -0.63% 1.14% -013% 0.30% -012% 0.13% 0.10% -0.61% I 1 % 0 3 % 0.00% 0.27% 0.35% 006% 2.31% 0.55% •126% •196% 0.46% 0.59% 164% -005% 0 019 0.15% 0.36% 0' 36% 1.95% 222% 030% 0.99% 0 Si% 067% 162% 166% 042% .097% 1.65E 35 itt i 3.06% 600% “Past performarire Is not an Indicator of foto re results. Oketo w clfselahnon on the following sages** tie 3,f, I•c:y7,n PonwrItI 2410 tan tvl. hY WI:* CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0091121 CONFIDENTIAL SDNY GM_00237305 EFTA01387901