MI's approach towards risk and money management is structured and disciplined. MI looks for trading opportunities that it believes offer the potential for asymmetrically large profits relative to the level of risk assumed. MI's traders may use stop-loss orders in both losing and winning positions, based on technical factors and money management guidelines. MI's overriding concern, however, is on the progress and risk profile of its entire group of accounts, as opposed to any individual positions.

Margin utilization is closely monitored. In general, margin-to-equity ratios average 6-18%, however, under some market conditions, margin levels may reach 45%.

RISKS

Although past and current trading strategies and simulation results have yielded profitable results, MI continues to place emphasis on developing new ideas and technological innovations. MI may refine or change trading methods and strategies (including technical and fundamental trading factors or analyses, commodity interests traded, and/or money management principles utilized) at any time without prior notice to or approval by its customers. There can be no assurance that MI's approach to trading the commodities markets will yield the same results as it has in the past.

Investing with MI is designed only for sophisticated investors who are able to bear a substantial volatility in the yields of their investment. This service is not a solicitation for average customers. Past results are not necessarily indicative of future results.