Steven D. Friedman

consistent alpha utilizing the EGRV strategy. The EGRV strategy primarily focuses investments on US listed emerging growth companies characterized by large open-ended growth opportunities, disruptive technologies, disruptive business models, or changing industry dynamics. When these transforming events occur, Kalo believes well managed companies positioned properly can achieve superior growth and offer the opportunity for attractive stock returns. Traditionally investors focused in this space have experienced high volatility. With the EGRV strategy, Kalo believes it is possible to capture strong returns with reduced volatility by using a balanced, diversified, and hedged portfolio approach, supported by rigorous fundamental and stock technical analysis. Kalo, LLC is a Registered Investment Adviser in the state of New Jersey. ------------------------------------------------------------------------------ Please note that this should not be construed as an invitation to participate in the Fund, nor should it be construed as a general solicitation. Any representation to the contrary is not permitted. For additional information you should contact Steven D. Friedman.