INFOGRAPHICS 2005–2015

DixieGlobalCommodityFund

Agriculture,IndexFuturesandOp<ons(10%)

ShortTermMinutesto1week

LongTerm>1weekto5months

! MarketMaking

! Arbitrage

! Direc<onalTrades

! CalendarandCross-CommoditySpreads

! SeasonalTrades

! Op<onVola<lityStructures

! Direc<onalTrades

! CalendarandCross-CommoditySpreads

15%Systema<c

Energy,Futures,SwapsandOp<ons(90%)

TradesAverageTwotoThreeWeeks

Strategy

85%Discre<onary

Page10-Strategy

OverviewApproximately80%ofourbusinessmodelconsistsofmakingmarketswithintheenergycomplex.Themajorityinnaturalgas.MarketmakingallowsustobeSerquan<fyoverallmarkettrendandunderstandsen<ment.

Thestrategygeneratesalphabybuyingbidsandsellingoffersasmuchaspossible,usingtradeflowtolockinedge.Inaddi<on,approximately20%ofourstrategyincorporateswhatweseeandanalyzefrommarketmakingwithpricemomentumandvola<litytocreaterela<vevaluestructures.

Tradingcantaketheformoffixedprice<mespreads,crosscommodityspreads,and/ordeltahedgedop<ons.

Atno<medoesDixiecarrynakedshortop<onexposure.

Before: The data as provided by the client from a presentation deck, below.

After: The same data reimagined as a clean infographic.