| Recipient                         | Nature of Payment         | Amount of Payment                                                                                                                                                                                                                                                   |
|-----------------------------------|---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| The Clearing Broker               | Brokerage Fee             | Charged as actually incurred. Estimated to be approximately 0.92% of the Trust’s month-end assets on an annual basis with respect to Class A and Class B Units.                                                                                               |
| The Selling Agents                | Selling Commission        | Class A Units are subject to a selling commission of 2.0% annually.  Class B Units are not subject to a selling commission.                                                                                                                               |
| The Trading Advisors              | Management Fee            | The Trust pays each Trading Advisor a monthly rate of up to 0.167% (2.0% annually) of the portion of net assets managed by each Trading Advisor.                                                                                                                    |
|                              | Incentive Fee             | As of each calendar quarter-end, up to 25% of any new trading profits for such quarter generated by a Trading Advisor will be paid to such Trading Advisor.                                                                                                         |
| The Investment  Manager | Investment Management Fee | The Trust pays the Investment Manager a fee of 0.75% of the Trust’s month-end net assets on an annual basis.                                                                                                                                                  |
| The Managing Owner                | Managing Owner Fee        | The Trust pays the Managing Owner a fee of 0.50% of the Trust’s month-end net assets on an annual basis.                                                                                                                                                      |
|                              | Redemption Fee            | A redemption charge of 1.5% of the redemption date net asset value per Unit is imposed on Units redeemed on or before the end of the first eleven months after issuance and is deducted from Unitholders’ redemption proceeds and paid to the Managing Owner. |
| Third Parties                     | Ongoing Offering Costs    | As incurred, subject to a ceiling of 0.50% of the Trust’s average month-end net assets in each fiscal year.                                                                                                                                                   |
|                              | Administrative Expenses   | As incurred, currently estimated to be approximately 0.88% of the Trust’s average month-end net assets during each fiscal year.                                                                                                                               |
|                              | Extraordinary Charges     | Actual payments to third parties; not subject to estimate.                                                                                                                                                                                                          |

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