Global Macro Allocation

The Vireo Global Macro Allocation Portfolio (GMAP) is for defensive minded investors seeking an investment strategy that has the ability to outperform in both advancing and declining markets.

To achieve this objective, GMAP uses a diverse list of exchange traded funds (ETFs) and a mirror image list of Inverse ETFs (an ETF that profits from a decline in the value of the underlying index). The portfolio is designed to dampen volatility while attempting to provide above average long-term results in all types of markets.

GMAP is available as a fully diversified portfolio with 9-12 positions or a more aggressive, concentrated portfolio with 5-6 positions.

Market Outlook Letter March 30, 2012

Examples Of How The Portfolio Can React And Benefit From Headline Events

EVENT: Treasury Yield Fall to Record Lows on Greek Concerns

Portfolio Beneficiary: iShares Lehman 20 Year Treasury Bonds
SPDR Gold Shares
Proshare Short MSCI Emerging

EVENT: S&P Downgrades USA's AAA Credit Rating

Portfolio Beneficiary: SPDR Gold Shares
Powershares DB US Dollar Bearish Fund

EVENT: Analysts Cut Global Growth Forecasts

Portfolio Beneficiary: Proshares Short FTSE
Proshare Short MSCI Emerging

Performance results presented herein do not necessarily indicate future performance; investment in equity strategies involves substantial risk and has the potential for partial or complete loss of funds invested. Results presented include reinvestment of dividends and other earnings. None of the stock information, data and company information presented herein constitutes a recommendation by Navellier or a solicitation of any offer to buy or sell any securities.