Bastiat Capital is a registered Commodity Trading Advisor with the Commodity Futures Trading Commission (CFTC). The Bastiat Divergence Program seeks to provide investors with a portfolio hedge against business cycle and bear market risk. The Program systematically trades global futures markets and tracks medium and long-term trends in 9 geo-strategic sectors (metals, energy, grains, meat, soft commodities, interest rates, currencies, volatility, and equity indices). Historically, it has maintained a very low correlation with stocks and bonds. The Divergence Program is available to qualified eligible participants (QEPs) as defined by Rule 4.7 of the Commodity Exchange Act.