M & R Capital, LLC (the “Advisor”) has been a member of the National Futures Association and registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor since January 2015. The Trading Principal is Scott Shepard. The Advisor focuses primarily on agricultural commodity markets with particular emphasis on the livestock sector. Fundamental analysis is relied upon to help determine trading opportunities. Factors such as US and world supply and demand, weather, changes in consumption patterns, political issues, and currency relationships are monitored closely. The Advisor is comfortable trading both sides of the futures and options markets, and is almost always involved in the markets. The Advisor utilizes the services and talents of the Nesvick Trading Group to perform the operational and organizational tasks associated with its business.