EIα All Weather Alpha Partners Fund I, L.P.

Excellence In Investing In Action Investment-EIα
All Weather Alpha Fund I, L.P
INVESTOR PRESENTATION
West Bloomfield, MI, July 2017
General partner: EIα All Weather Alpha Partners, LLC
Investment advisor: EIα Alpha Partners Fund Management, LLC

Executive Summary & Objectives
• EIα is a Quantitative Long/Short Global Equity fund. The Fund’s objective is to seek attractive
absolute returns by identifying and exploiting multiple inefficiencies that may exist in global equity
markets.
• These inefficiencies are primarily exploited through a bespoke long/short equity capability comprised
of multiple sub-strategies that are expected to generate capital appreciation and profit under
different market conditions and different time horizons.
• The Fund’s strategy is based on a utilizing a proprietary intellectual framework of forecasting,
research, portfolio simulation and valuation models to evaluate when to buy or sell stocks using over
100 factors. This intellectual framework allows the Portfolio Manager to manage the fund
unencumbered by their emotions or inherit bias.
• GLM Analytics is Eiα’s proprietary systematic research process using quantitative techniques to
capitalize on opportunities from mis-priced fundamentals. It is an approach built upon depth, breadth
and diversification. GLM Analytics is an adaptive and repetitive process brings together the latest in
portfolio management techniques and technology with the traditional fundamental, technical and
qualitative analysis to navigate the ever-changing market environments to achieve the highest returns
for investors.
• TARGET EQUITY COMMITMENT: The Fund is targeting $30 million in capital commitments, with a
maximum raise of $50 million.
Objectives
(1)Long-term capital appreciation in excess of market indices (S&P 500 or other relevant benchmarks),
(2)Generating income from dividend or interest on securities,
(3)Capital preservation; and
(4)Limitation of downside risk.

Leadership team
Andrew M. MIDDLEBROOKS
Chief Investment Officer/Portfolio Manager
Professional experience Approach and values Education
• Steward Capital Management –
Bloomfield Hills, MI – Fund &
Portfolio Management Associate
• Frankenmuth Brewery –
Frankenmuth, MI - Director of
Corporate Finance
• US House of Representatives –
Washington DC – Legislative Aide
and Deputy Press Sec. to Member
of House Financial Services
Committee
• Fabiani and Associates –
Washington DC - Research
Associate
• US Senate – Washington DC -
Intern to Chairman of the Senate
Armed Services Committee
• Equity based and focused with
consistent high returns
• Long term view
• A commitment to excellence is
the shortest path to success
• Partner with exceptional firms
and individuals
• Emphasis on “choice” business
versus “need” business
• Win – win relationships
• Excellence, Integrity, and
Continuous Learning
• “Pain + Reflection = Progress."
• Western Michigan University –
Kalamazoo, MI
Bachelor of Arts in American
Public Politics, dual minors
Accounting and Economics
• John Hopkins University –
Baltimore, MD
Attended Krieger School of
Management – Public
Administration
• Chartered Alternative Investment
Analyst Association
Level I and II coursework

Portfolio Name : EIA Alpha Partners Fund Management LLC Currency : U S Dollar
RETURNS STATISTICS
Benchmark Name : SPDR S&P 500
Total Period Return (%) : 33.62 9.34
Arithmetic Mean Return (%) : 59.07 18.06
Geometric Mean Return (%) : 78.53 19.56
Profitable Periods (%) : 73.08 % 61.54 %
Losing Periods (%) : 26.92 % 38.46 %
Batting Average : 0.62 0.38
Maximum Drawdown (%) : -1.48 % -2.07 %
Avg Annual Max Drawdown (%) : -1.48 % -2.07 %
Downside Capture Ratio : -0.36 1.00
Downside Semi-Variance : 2.78 0.67
Downside Semi-Standard Dev (%) : 1.67 % 0.82 %
Upside Capture Ratio : 2.12 1.00
Upside Semi-Variance : 3.86 0.75
Upside Semi-Standard Dev (%) : 1.96 % 0.87 %
Calmar Ratio : 53.03 9.46
Information Ratio : 5.29 N/A
Sharpe Ratio : 5.99 3.12
Sortino Ratio : 4.84 2.91
Sterling Ratio : 6.84 1.62
Treynor Ratio (%) : 0.73 % 0.19 %
Realized Tracking Error (%) : 11.14 % 0.00 %
Realized Alpha (%) : 57.42 % 0.00 %
Realized Beta : 1.09 1.00
Correlation Coefficient : 0.50 1.00
R-Squared : 0.25 1.00
Standard Deviation : 12.88 5.95
PERFORMANCE STATISTICS
Realized Risk
Risk Adjusted Returns
-8.00
0.00
8.00
16.00
24.00
32.00
40.00
-8.00
0.00
8.00
16.00
24.00
32.00
40.00
Jan 17 Jun 17
33.62
9.34
EIA Alpha Partners Fund Management LLC
SPDR S&P 500
-6.00
0.00
6.00
12.00
18.00
24.00
30.00
-6.00
0.00
6.00
12.00
18.00
24.00
30.00
Jan 17 Jun 17
24.27
SPDR S&P 500
Portfolio Statistics
Active Return Cumulative Return
Time Period : 1/2/2017-6/30/2017

Portfolio Name : EIA Alpha Partners Fund Management LLC
Currency : U S Dollar
Time Period : 1/2/2017-6/30/2017
RETURNS ANALYSIS
Portfolio Return
1/2/2017-6/30/2017 33.617
1/31/2017 5.334
2/28/2017 2.796
3/31/2017 1.195
4/30/2017 9.958
5/31/2017 7.085
6/30/2017 3.563
-9.61
2.45
14.51
26.57
38.63
1/31/2017 2/28/2017 3/31/2017 4/30/2017 5/31/2017 6/30/2017
PERIOD SUMMARIES
1/2/2017-6/30/2017
Universe Totals & Averages
Avg Portfolio Weight
100 %
Portfolio Return
33.617 33.617
Portfolio Contribution
33.617 33.617
Telecommunications Services 6.8 % 429.785 13.213
Financials 46.24 % 14.405 7.307
Technology 29.38 % 20.588 6.364
Utilities 3.29 % 129.412 3.635
Consumer Cyclicals 11.93 % 21.733 2.758
Healthcare 2.36 % 19.146 0.339
PERIOD DETAILS
CUMULATIVE AND SUB PERIOD RESULTS
Portfolio Return : 33.617
Currency : U S DollarNumber Of Securities : 33

EIα Core Values
• EIα believes that “a commitment to excellence is the shortest distance to success”, and everyone, no matter the size
of your bank account deserves access to quality investments that work just as hard as them to achieve their goals
• EIα believes an educated investor is a sustainable client, which is critical for success in the long-horizon active
strategies we develop.
• EIα believes Stock prices are driven by an underlying company’s business fundamentals.
• EIα believes Systematically evaluating a business using quantitative techniques is the best way to capitalize on
investment opportunities that arise from mis‐priced fundamentals.
• EIα believes Quantitative techniques allow a manager to evaluate and process vast amounts of data with greater
speed in order to form a more complete picture of a company’s business
• EIα believes in an approach built upon depth, breadth, and diversification.
• We believe in Transparency, not black-boxes. We are committed to having investors understand what we are doing.
• We believe in Win-Wins, not unsustainable relationships. We are committed to a business model that prioritizes client
success.
EIα believes in an approach built upon depth, breadth, and diversification.
Depth: Alpha sources are based on in‐depth understanding of fundamental elements that drive a company’s business
direction.
Breadth: Sophisticated, proprietary quantitative techniques are used to evaluate a wide array of attributes across a
broad universe of securities in a timely manner, often using unique sources of information
Diversification: Incorporates multiple strategies with varying horizons and opportunity sets that are designed to benefit
from different market environments

Investment Process Overview
STEPS INVOLVED IN OUR APPLICATION OF GLM ANALYTICS
Investable universe
GLM analytics rankings
Financial
warning overlay
Diversi-
fication
Qualitative
review
• 1,500 stock universe for small cap
• 1,500 stock universe for large cap
• Top 20%: “Buy” candidates (Top 10% - best ideas)
bottom 50%: “Sell” decision
• Risk management tool to avoid costly mistakes
• “Buy” candidates that improve diversification are
purchased when cash is available
• Qualitative review of every transaction
The graphic below highlights the steps involved in our application of GLM Analytics), rank each one on a scale of 1
to 10 (the first decile being the most attractive), provide a risk overlay derived from fundamental and market
characteristics, then seek diversification to help further manage risk. GLM Analytics is a proprietary research
system that guides buying and selling stocks for client portfolios. It is our intellectual framework by which we
systematically evaluate stock candidates according to proven fundamental factors, unencumbered by human
emotion or bias.

GLM Contextual Alpha Models
A SYSTEMATIC, REPEATABLE INVESTMENT PROCESS
Dynamic Equity
Alpha Models
• Runs daily
• Contextual models
• Sector models
• Proprietary alpha
signals
Portfolio
Construction
• Runs daily
• Balance portfolio
risk and expected
• return
• Balance
transaction costs
with alpha
improvements
Due Diligence
• News screens
• Data error checks
• Risk budgeting
checks
• Liquidity checks
• Cash balance
• Compliance
checks
• Risk reduction via
portfolio
construction
Trading
• Providing liquidity
leads to profitable
trading
• Systematic trading
with anonymity
• Transaction cost
capturing and
monitoring
• Minimize
implementation
shortfall via
efficient execution
2,000
stocks
Alpha
fore-
casts
Prelim.
trades
Final
buy/ sell
list
Potential return maximization
via market insights Risk reduction via portfolio construction
Minimize implementation shortfall
via efficient execution
• Risk models
• Transaction
cost forecasts
Qualitative
Overlay

GLM Analytics Scrolls for Investing
The 10 Scrolls form the core of GLM Analytics process for setting valuation targets for individual securities, determining their intrinsic worth, and
driving all buy and sell decisions. Both quantitative and qualitative elements help us identify strengths and weaknesses.
SCROLL 1: Low Price to Earnings
• Stocks with low price-to-earnings ratios historically have outperformed the
overall market and provided investors with less downside risk than other equity
investment strategies.
SCROLL 2: Low Price to Cash Flow
• Strong cash flows give a company greater financial flexibility.
• When paired with capable management, it can be the foundation for stronger
earnings and higher stock prices.
SCROLL 3: Low Price to Book Value
• When a stock’s price is low in comparison to the company’s book value,
sentiment about the company or the sector may be overly negative.
• Potential downside risk protection makes low price-to-book value stocks
attractive.
SCROLL 4: Value of the Company
• We seek to appraise the true intrinsic value of each company we evaluate.
• Our goal is to make prudent investments by purchasing stocks when they trade
at a significant discount to our estimate of their true value.
SCROLL 6: Catalyst for Recognition
• We consider consumer, political, environmental, and other impacts/trends to
determine if a company has a specific catalyst that we believe will cause its stock
price to rise.
SCROLL 7: Capable Mgmt. & Insider Ownership
• We believe in having an open dialogue with company management teams to help
us assess the strength of a company’s leadership.
• We pair this evaluation with information about any significant or increasing stock
ownership among a company’s officers and directors because meaningful insider
ownership can signal management’s personal confidence in the business.
• Insider ownership also aligns leadership’s long-term interests with
those of shareholders.
SCROLL 8: Sound Business Strategy
• We seek to understand a company’s business strategy by meeting with its
management team. It’s also common for us to gather opinions from customers,
suppliers, and competitors.
SCROLL 9: Positive Earnings Dynamics
• Earnings tend to drive stock prices. We prefer companies that recently have
demonstrated improved earnings and that have upwardly trending estimates.
SCROLL 10: Positive Technical Analysis
• A stock’s historic and more recent price movements can help determine future
changes.
• We prefer stocks that are trading within a narrow price range following a
previous down trend
SCROLL 5: Financial Soundness
• We prefer companies with limited long-term debt. Low- debt companies have
more flexibility during adverse business conditions because they can direct cash
to operations rather than interest expenses.

Our Stock-Selection Principles
Value Investing
Invest in cheap stocks
• Secular cheapness: high dividend yield and cheap asset-based
multiple.
• Cyclical cheapness: high cash-flows and earnings yield
Fundamental
Investing
Invest in quality management & business
• Attractive business: high EVA, high ROI, and positive trend.
• Conservative leverage: low financial leverage and high
interest coverage.
• Honest management: low accruals and high cash-flow
conversion.
• Disciplined CAPX: conservative CAPX and acquisitions.
• Shareholder leaning: conservative external financing
Momentum
Investing
Ride positive market sentiment
• Positive price momentum: positive market value addition
(MVA).
• Positive earnings trend: positive earnings revisions and
surprise.

The Stock Selector process: what we capture
» Fundamentally based signals with longer
investment horizons are applied across a broad
universe of stocks to determine their
attractiveness
» Industry‐specific signals provide a deeper
understanding of a company’s likely success or
failure
» Event‐driven signals provide a diversifying set of
insights
Alpha Score
Market Intelligence
•News sentiment
•Cross market
indicators
•Shareholder
intelligence
External Forces
• Industry
competitiveness
•Channel checking
Management
Capability
•Quality
•Honesty/Intent
•Businessstrategy
Industry Specific
Signals
• Over 10 distinct
models
Event Driven
Signals
• Episodic, related to
market or company
specificevents
Fundamental Signals

GLM Analytics Alpha Differentiator
ALPHA DIFFERENTIATOR – CONTEXTUAL ALPHA MODELING
Why a Unique Model for Each Stock?
• Every company is unique and idiosyncratic by nature. “One‐size‐fits‐all” is too
general to be effective
• Why buy one‐size‐fits‐all suits, when customized ones cost the same?
Contextual modeling approach One-size-fits-all approach
Growth
• Operating efficiency
• Competitive edge
• Positive sentiment
Stable • Improving fundamental
• Operating efficiency
Value
• Change factor
Variable
• Low leverage
• Disciplined CAPEX
• Shareholder focus
• Cheap stock
• Quality company
• Good momentum

Long Position characteristics
EIA generally takes long positions in investments that it believes will grow and are
trading at a discount to their long-term value. We typically categorizes our long equity
positions in the following 3 categories:
• Companies in this category often have leadership positions in
growing markets. In some cases these companies may have
dominant market share. These companies tend to be larger and
more established.
Growth Industry
Leaders1
• Companies in this category generally exhibit steady earnings or
revenue growth, or both.
• These companies often have subscription or other recurring
revenue profiles. Given their business models, these companies
may outperform in weak markets.
Consistent Growers2
• Companies often addressing a new market or carving out a
niche in an existing market.
• Companies in this category may experience rapid growth, and
tend to be smaller, earlier stage companies.
• We expects that companies in this category should generate
high returns over time, but with higher volatility.
Emerging Growth
Companies3

Short Position Characteristics
EIA takes short positions in investments that it believes to be overvalued or to hedge
against the Fund’s long exposures. We generally takes short positions in individual
companies, though the Fund may also take short positions in exchange-traded funds.
The Fund typically categorizes its short equity positions in the following three
categories:
• Cyclical companies that EIA Investment Corp.-Alpha Partners
Management believes to be facing deteriorating industry
dynamics or risks specific to the company or industry, and that
are also perceived by EIA Investment Corp.-Alpha Partners
Management to be overvalued.
Cycle Victims1
• Companies that used to exhibit steady earnings or revenue
growth, and which may appear under- valued, but which EIA
Investment Corp.-Alpha Partners Management expects to
decline due to technological changes, weakening business
economics, or other factors.
Stumbling
Stalwarts2
• Fast growing companies with premium valuations that EIA
Investment Corp.-Alpha Partners Management expects to
decline because of approaching market saturation, increasing
competition, or other factors.
Falling Stars3

GLM Analytics Risk Composite
• Just as we have identified fundamentals that help generate excess
return, GLM Analytics contains a large inventory of factors that
focuses on company risks. Our Risk Composite, or Financial
Warnings Overlay, is comprised of the risk factors that our
proprietary research has identified as potentially limiting future
performance. This overlay is an important part of our investment
process and we believe it allows us to mitigate risk and prevent
costly mistakes.
• Buy candidates that are highly ranked by the Alpha Composite and
pass the Financial Warnings Overlay are then evaluated on how
they improve portfolio diversification. The objective with
diversification is to approximate the industry group and sub-group
weights of the GLM Analytics Alpha Composite Buys (deciles 1- 3).
• A significant amount of an analyst’s job is incorporated into the
GLM Analytics process: identification of value, financial
statement analysis, risk avoidance, and diversification. Eiα’s
automated GLM Analytics process has allowed us to avoid the
flaws of qualitative analysis, i.e. human emotion and bias. As a
result, we have attempted to create a nearly flawless analyst for
handling these tasks.
• The sell discipline is very similar to our buy discipline and is
equally important. The higher percentage of stocks we can hold
in our best GLM Analytics ideas, the greater probability of long-
term success. Stocks are typically sold when they fall below a
rank of a 5 or when flagged by our Risk Composite.
Risk Composite
Financial warnings overlay
Earnings
quality
Separate
bank tests
Profitability
test
Capital
structure

Risk Management
EIα PERFORMS DAILY STRESS TESTS TO THE PORTFOLIO AND HAS HARD LIMITS/STOPS AT THE POSITION LEVEL
DAILY MARKET SIMULATIONS AND SOFT CHECKS FOR THE TOP 10 WORST PERFOMING INVESTMENTS
• We adhere to a strict risk management policy sell
discipline in which primary a company is flagged for
review when one of the following events occurs:
− A stock is down relative to industry peers
− Two consecutive quarters of earnings disappointments
− A major change in the company or industry fundamentals
• Once one of these events occurs, the stock is reassessed
• EIα then decides whether it should take advantage of the
decline by instituting one of three actions:
− Buy more,
− Sell what we have, or
− Just hold on to what we have.
If one or more of the
following
• Stock down relative to
industry peers
• 2 consecutive quarters
of earning
disappointment
• Major change in
Company or industry
fundamentals
Then
• Buy
• Sell, or
• Hold
Evaluate
Re-assign &
re-assess

Fund Summary & Terms
Cash Flow Order of
Priority
• 1st to Investors (Fund): Target Return - 7% IRR, cumulative, non-compounding
• Thereafter: 80% Fund / 20% Sponsorship
Income Order of Priority
• 1st to Investors (Fund): Payment of shortfall on 7% cumulative, non-compounding return (if any)
• 2nd to Investors: Return of principal investment to Investor
• Thereafter: 80% Fund / 20% Sponsorship
Fund Structure
• Evergreen Structure (returns are generated on investments are automatically returned to the
general pool, with theaim of keeping a continuous supply of capital on hand forinvestments.)
Fund Structure Delaware Limited Partnership
Minimum Investment $10,000
Management Fee 2.0%
Incentive Fee 20%
Lock-Up 180 days
Redemption Frequency Monthly
Prime Broker and
Custodian
Triad Securities & Fidelity
Administrator North Street Global Fund Services
Auditor Deloitte or Plante Moran
Legal Counsel Thompson Coburn, LLP

Bottom 5 Totals & Averages 93.20 %
Utilities 3.29 % 129.412
Consumer Cyclicals 11.93 % 21.733
Technology 29.38 % 20.588
Healthcare 2.36 % 19.146
Financials 46.24 % 14.405
Top 10 Totals & Averages
Avg
Portfolio
Wt
35.29 %
Market
Return
Portfolio
Return
STRAIGHT PATH COMMUNICATIONS INC 6.80 % 429.785 429.785
VIVINT SOLAR INC 3.29 % 129.412 129.412
GRUPO FINANCIERO GALICIA SA 3.68 % 58.842 58.842
MICRON TECHNOLOGY INC 3.22 % 36.223 36.223
PAYPAL HOLDINGS INC 3.04 % 35.977 35.977
NVIDIA CORP 2.87 % 35.743 35.743
CORESITE REALTY CORP 3.11 % 32.743 32.743
BANCO SANTANDER SA 3.08 % 31.693 31.693
CARLYLE GROUP LP 2.95 % 31.528 31.528
FACEBOOK INC 3.25 % 31.230 31.230
Time Period : 1/2/2017-6/30/2017
Avg Portfolio Wt
53.76 %
Portfolio Return
Telecommunications Services 6.80 % 429.785
Utilities 3.29 % 129.412
Consumer Cyclicals 11.93 % 21.733
Technology 29.38 % 20.588
Healthcare 2.36 % 19.146
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
100
1/2/2017 2/15/2017 4/1/2017 5/16/2017 6/30/2017
Financials
Technology
Consumer Cyclicals
Healthcare
Utilities
Telecommunications Services
TRBC Economic Sector
TOP / BOTTOM PERFORMERS BY SECTOR SECTOR WEIGHTS THROUGH PERIOD
TOP PERFORMERS BOTTOM PERFORMERS
PERFORMANCE SUMMARY
Bottom 10 Totals & Averages
Avg
Portfolio
Wt
26.83 %
Market
Return
Portfolio
Return
QCR HOLDINGS INC 2.69 % 9.710 9.710
ING GROEP NV 2.73 % 6.050 6.050
BAYERISCHE MOTOREN WERKE AG 2.65 % 4.587 4.587
BANCO DO BRASIL SA 3.13 % -0.680 -0.680
CENTERSTATE BANKS INC 2.64 % -0.766 -0.766
LAKELAND BANCORP INC 2.63 % -2.354 -2.354
FIRST BUSEY CORP 2.58 % -3.583 -3.583
HEWLETT PACKARD ENTERPRISE CO 2.39 % -3.828 -3.828
INTEL CORP 2.65 % -5.623 -5.623
BANCO SANTANDER BRASIL SA 2.74 % -11.092 -11.092

TOTAL RETURN
Total Return 3 Months
-5.00
2.50
10.00
17.50
25.00
-5.00
2.50
10.00
17.50
25.00
Apr 17 Jul 17
21.94
3.09
SPDR S&P 500
Total Return 6 Months
-8.00
4.00
16.00
28.00
40.00
-8.00
4.00
16.00
28.00
40.00
Jan 17 Jul 17
33.62
9.34
SPDR S&P 500
Total Return 1 Year
-8.00
4.00
16.00
28.00
40.00
-8.00
4.00
16.00
28.00
40.00
Jan 17 Jul 17
33.62
9.34
SPDR S&P 500
Total Return
0.00 6.16 12.33 18.49 24.65 30.82 36.98
Total 33.62
9.34
SPDR S&P 500
7/2/2017

MULTI-PERIOD RETURNS
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
STRAIGHT PATH COMMUNICATIONS INC 10.77 % 399.44 399.44 0.00
VIVINT SOLAR INC 3.28 % 108.93 108.93 0.00
VALEANT PHARMACEUTICALS INTERNATIONAL INC2.02 % 56.84 56.84 0.00
NVIDIA CORP 2.91 % 32.85 32.85 32.85
PAYPAL HOLDINGS INC 3.07 % 24.76 24.76 24.76
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
BANCO DO BRASIL SA 2.81 % -23.50 -23.50 0.00
BANCO SANTANDER BRASIL SA 2.23 % -14.21 -14.21 0.00
HEWLETT PACKARD ENTERPRISE CO 1.94 % -6.37 -6.37 -6.37
INTEL CORP 2.45 % -5.77 -5.77 -5.77
CENTERSTATE BANKS INC 2.45 % -3.79 -3.79 0.00
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
VIVINT SOLAR INC 3.31 % 129.41 129.41 0.00
GRUPO FINANCIERO GALICIA SA 3.68 % 58.84 58.84 0.00
MICRON TECHNOLOGY INC 3.22 % 36.22 36.22 36.22
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
INTEL CORP 2.64 % -5.62 -5.62 -5.62
FIRST BUSEY CORP 2.57 % -3.58 -3.58 0.00
LAKELAND BANCORP INC 2.63 % -2.35 -2.35 0.00
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
VIVINT SOLAR INC 3.31 % 129.41 129.41 0.00
Avg
Portfolio Wt
Portfolio
Return
Market
Return
Benchmark
Return
INTEL CORP 2.64 % -5.62 -5.62 -5.62
FIRST BUSEY CORP 2.57 % -3.58 -3.58 0.00
LAKELAND BANCORP INC 2.63 % -2.35 -2.35 0.00
Top Performers Bottom Performers
3 Months
6 Months
1 Year
3 Months
6 Months
1 Year
7/2/2017

Average
Weight
97.64 %
Portfolio
Return
Portfolio
Contribution
Telecommunications Services 6.80 % 429.785 13.213
Financials 46.24 % 14.405 7.307
Technology 29.38 % 20.588 6.364
Utilities 3.29 % 129.412 3.635
Top 25/Bottom 25 Securities Filtered By Bubble Size
Bubble Size: Contribution to Portfolio Return
PortfolioReturn
-35.32
54.40
144.12
233.84
323.56
413.28
502.99
-35.32
54.40
144.12
233.84
323.56
413.28
502.99
PortfolioReturn
2.13 3.02 3.91 4.80 5.69 6.59 7.48
Average Portfolio Weight
Average
Weight
20.03 %
Portfolio
Return
Market
Return
Portfolio
Contrib
VIVINT SOLAR INC 3.29 % 129.412 129.412 3.635
TOP CONTRIBUTORS BY SECTOR BOTTOM CONTRIBUTORS BY SECTOR
TOP / BOTTOM CONTRIBUTORS
CONTRIBUTION SUMMARY
Average
Weight
93.20 %
Portfolio
Return
Portfolio
Contribution
Financials 46.24 % 14.405 7.307
Technology 29.38 % 20.588 6.364
Utilities 3.29 % 129.412 3.635
Healthcare 2.36 % 19.146 0.339
Average
Weight
12.99 %
Portfolio
Return
Market
Return
Portfolio
Contrib
BANCO SANTANDER BRASIL SA 2.74 % -11.092 -11.092 -0.278
INTEL CORP 2.65 % -5.623 -5.623 -0.139
FIRST BUSEY CORP 2.58 % -3.583 -3.583 -0.115
LAKELAND BANCORP INC 2.63 % -2.354 -2.354 -0.065
Time Period : 1/2/2017-6/30/2017

PORTFOLIO INFORMATION
VALUE AT RISK (VaR)
As Of Date : 7/5/2017
VALUE AT RISK
Time
1D 1W 1M 3M 6M 9M 12M
ValueinThousands(USD)
0
500
1,000
1,500
2,000
2,500 Value in Thousands (USD 1000's) 9,037
Total Annual Risk% 9.99
90.00% 95.00% 99.00% 99.50% 99.90%
90.00% 73.19 0.81 163.66 1.81 334.07 3.70 578.62 6.40 818.29 9.05 1,002.20 11.09 1,157.24 12.81
95.00% 93.94 1.04 210.05 2.32 428.77 4.74 742.65 8.22 1,050.27 11.62 1,286.31 14.23 1,485.31 16.44
99.00% 132.86 1.47 297.08 3.29 606.42 6.71 1,050.35 11.62 1,485.42 16.44 1,819.26 20.13 2,100.70 23.24
99.50% 147.11 1.63 328.94 3.64 671.45 7.43 1,162.99 12.87 1,644.71 18.20 2,014.36 22.29 2,325.98 25.74
99.90% 176.49 1.95 394.63 4.37 805.54 8.91 1,395.24 15.44 1,973.17 21.83 2,416.63 26.74 2,790.48 30.88
1-Day 1-Week 1-Month 3-Month 6-Month 9-Month 1-YearConfidence
Value Percent Value Percent Value Percent Value Percent Value Percent Value Percent Value Percent

U S Dollar 0.00 0.00 % 0.00 % 0.000 0.00
AGILENT TECHNOLOGIES INC 1.00 0.00 % 0.00 % 4.994 0.00
AMERICAN AIRLINES GROUP INC 1.00 0.00 % 0.00 % 8.737 0.00
ADVANCE AUTO PARTS INC 1.00 0.00 % 0.00 % 8.488 0.00
ABBVIE INC 1.00 0.00 % 0.00 % 5.962 0.00
AMERISOURCEBERGEN CORP 1.00 0.00 % 0.00 % 5.574 0.00
ABBOTT LABORATORIES 1.00 0.00 % 0.00 % 5.099 0.00
ACCENTURE PLC 1.00 0.00 % 0.00 % 6.449 0.00
ADOBE SYSTEMS INC 1.00 0.00 % 0.00 % 9.090 0.00
ANALOG DEVICES INC 1.00 0.00 % 0.00 % 10.175 0.00
Leverage
Ratio
Risk Wt Value Wt MCTR Risk
Contrib
GRUPO FINANCIERO GALICIA SA 1.00 5.32 % 5.32 % 11.366 0.60
BANCO SANTANDER SA 1.00 4.40 % 4.40 % 12.974 0.57
BANCO DO BRASIL SA 1.00 3.33 % 3.33 % 16.345 0.54
CREDIT SUISSE GROUP AG 1.00 3.52 % 3.52 % 13.965 0.49
BANK OF AMERICA CORP 1.00 3.74 % 3.74 % 12.043 0.45
BANCO SANTANDER BRASIL SA 1.00 2.89 % 2.89 % 15.230 0.44
BAYERISCHE MOTOREN WERKE AG 1.00 3.34 % 3.34 % 13.042 0.44
ALPHABET INC 1.00 3.89 % 3.89 % 10.836 0.42
DELPHI AUTOMOTIVE PLC 1.00 4.37 % 4.37 % 9.439 0.41
MICRON TECHNOLOGY INC 1.00 4.46 % 4.46 % 9.244 0.41
TOTAL PORTFOLIO RISK BY FACTOR GROUPS
World 5.92 59.26
Industry Group 1.80 18.00
Style 0.90 9.05
Specific Risk Contrib 0.69 6.89
Region 0.46 4.59
Currency 0.22 2.21
Statistical 0.00 0.00
Total 9.99 100.00
Factors Contrib. to
Total Risk %
Percentage
of Total Risk
TOTAL EQUITY RISK SUMMARY
As Of Date : 7/5/2017
Total Risk :
5.689
Beta : 1.148 1.000
Correlation : 0.829 1.000
Tracking Error (%) : -
Portfolio Benchmark
TOP / BOTTOM CONTRIBUTORS TO PORTFOLIO RISK
Bubble Size: Portfolio Risk Contribution
MarginalContributiontoTotalRisk
2.11
4.96
7.82
10.68
13.53
16.39
19.25
2.11
4.96
7.82
10.68
13.53
16.39
19.25
MarginalContributiontoTotalRisk
2.24 2.80 3.35 3.91 4.47 5.02 5.58
Portfolio Risk Weight
FORECAST RISK SUMMARY
Risk Model : Global (USD)
9.982 7.205

BERKSHIRE HATHAWAY INC 1.00 -1.57 % -1.57 % 1.574 -0.025
CITIGROUP INC 1.00 -0.90 % -0.90 % 6.045 -0.055
ALPHABET INC 1.00 -1.29 % -1.29 % 4.666 -0.060
WELLS FARGO & CO 1.00 -1.21 % -1.21 % 5.236 -0.063
JPMORGAN CHASE & CO 1.00 -1.58 % -1.58 % 5.011 -0.079
ACTIVE RISK BY FACTOR GROUPS
Industry Group 1.94 33.93
Region 1.19 20.78
Specific Risk Contrib 1.14 19.92
Style 0.99 17.36
Currency 0.45 7.94
Statistical 0.00 0.07
World 0.00 0.00
Total 5.72 100.00
Factors Contrib. to
Tracking Error %
Percentage of
Tracking Error
ACTIVE EQUITY RISK SUMMARY
As Of Date : 7/5/2017
Total Risk :
5.689
Beta : 1.148 1.000
Correlation : 0.829 1.000
Tracking Error (%) : -
Portfolio Benchmark
TOP CONTRIBUTORS TO ACTIVE RISK
Bubble Size: Active Risk Contribution
MarginalContributiontoActiveRisk
0.72
3.91
7.10
10.29
13.48
16.67
19.86
0.72
3.91
7.10
10.29
13.48
16.67
19.86
MarginalContributiontoActiveRisk
0.46 1.32 2.18 3.04 3.90 4.77 5.63
Active Risk Weight
EIA Alpha Partners Fund Management LLC vs.
SPDR S&P 500
FORECAST RISK SUMMARY
Risk Model : Global (USD)
FORECAST ACTIVE RISK% ( TRACKING ERROR ) 1/31/2017 to 7/6/2017
2/1/2017 3/1/2017 4/1/2017 5/1/2017 6/1/2017 7/1/2017
TrackingError%
5.6
5.8
6
6.2
6.4
6.6
9.982 7.205
Leverage
Ratio
Active
Risk Wt
Active
Value Wt
MCAR Act Risk
Contrib
GRUPO FINANCIERO GALICIA SA 1.00 5.32 % 5.32 % 14.328 0.762
BANCO DO BRASIL SA 1.00 3.33 % 3.33 % 17.045 0.567
BANCO SANTANDER SA 1.00 4.40 % 4.40 % 11.318 0.497
BANCO SANTANDER BRASIL SA 1.00 2.89 % 2.89 % 16.181 0.468
CREDICORP LTD 1.00 3.87 % 3.87 % 11.508 0.446

Disclaimer
Excellence In Investing In αction Capital Inc. - Alpha Partners Fund I, L.P. is a Delaware limited partnership (the “Fund”). Its general partner is EIα Alpha Partners Fund Management, LLC (the “General
Partner”), a Michigan limited liability company. The General Partner will also be the Fund’s investment adviser (the “Investment Manager”). The General Partner is exempt from registration as an
investment adviser with the SEC and in Michigan under an exemption available to advisers whose only clients are "private funds" (such as the Fund) and that satisfy certain other requirements. The General
Partner’s principal is Andrew M. Middlebrooks, who will manage the Fund’s securities portfolio on behalf of the General Partner.
Excellence In Investing In αction Capital Inc. - Alpha Partners Fund I, L.P. (the “Fund”), the first fund managed by EIα Alpha Partners Fund Management, LLC, is being
established to invest in securities, derivatives and other financial instruments that, in the portfolio managers’ opinion, offer the opportunity for long-term growth of capital. As well as, intended to
generate a high level of income from a wide array of sources.
This investment strategy involves identifying instances where the portfolio manager believes the capital markets have mispric ed investment opportunities and exploiting price discrepancies and
inefficiencies in the market. The fund’s strategy is not limited by investment style or asset class, and the portfolio managers have the ability to tactically move across asset classes and up and down
the capital structure in an effort to access the greatest yield and valuation opportunities. The portfolio managers believe that this flexible approach will allow the fund to maintain a high level of
income while also preserving the opportunity for growth over time.
There is no assurance that any company selected for investment will, once categorized in one of the three described investmen t categories, continue to have the positive characteristics or fulfill the
expectations that the advisor had for the company when it was selected for investment, and any such company may not grow or may decline in earnings and size. The Fund selects foreign securities issued
by companies domiciled in countries whose currencies are freely convertible into U.S. dollars, or in companies in other countries whose business is conducted primarily in U.S. dollars (which could include
developing countries). Debt obligations may be considered for investment if EIA Investment Corp.-Alpha Partners Management believes them to be more attractive than equity alternatives, or to manage risk.
The Fund may purchase debt obligations of any maturity and of any credit quality, including “high yield” or “junk” bonds. There is no minimum credit quality or rating of debt obligation the Fund may
purchase.
The Fund may invest in derivative instruments such as options, futures contracts, options on futures contracts, and swap agreements to the extent EIA Investment Corp.- Alpha Partners Management
believes such investments may assist the Fund in pursuing its investment goal.
Debt obligations may be considered for investment if EIA Investment Corp.-Alpha Partners Management believes them to be more attractive than equity alternatives, or to manage risk. The Fund may
purchase debt obligations of any maturity and of any credit quality, including “high yield” or “junk” bonds. There is no minimum credit quality or rating of debt obligation the Fund maypurchase.
In addition to identifying instances where the manager believes the capital markets have mispriced investment opportunities and exploiting price discrepancies and inefficiencies in the market, the fund will
also invest in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. The cash distributing
securities in which the fund may invest include, but are not limited to, common stock, business development companies, real estate investment trusts (“REITs”), master limited partnerships (“MLPs”),
closed-end investment companies, exchange traded funds (“ETFs”), preferred stock, convertible securities, securities issued through private placements, trust preferred securities, investment grade
corporate bonds, below investment grade corporate bonds (commonly known as “junk bonds”), royalty trusts, asset-backed and mortgage-backed securities, private mortgage-related securities, including
non-U.S. mortgage pass- through securities, U.S. government and agency bonds, sovereign government and agency bonds, bank loans, emerging market d ebt, equipment trust certificates, money market
instruments, zero coupon bonds, indexed securities, including those that are linked to currencies, and inflation-indexed securities, structured notes including those that are linked to currencies, depositary
receipts, and floating rate debt instruments. The fund can invest without limit in foreign securities in any country, including countries with developing or emerging markets.
Derivatives may be used by the fund as a hedging technique in an attempt to manage risk; as a substitute for buying or selling securities; to provide additional exposure to investment types or market
factors; to change the characteristics of the fund’s portfolio; and/or in an attempt to enhance income or returns. Derivative instruments the fund may use include, but are not limited to, covered calls,
forwards, including currency forwards, futures, structured notes, swaps, caps, floors, and collars. The fund’s derivative investments may be significant at times. Although the portfolio managers have the
flexibility to make use of derivatives for hedging purposes, they may choose not to for a variety of reasons, even under very volatile market conditions.

THANK YOU
EIα Alpha Partners Fund Management, LLC
West Bloomfield, MI
248.990.1938
andrew.middlebrooks@eiaalphapartners.com

Q2 2017 PORTFOLIO REVIEW
EIα All Weather Alpha Fund I L.P 2017 YTD Benchmark: SPDR S&P 500
EIα All Weather Alpha Fund I L.P PORTFOLIO RETURNS
YR Jan Feb Mar Q1 Apr May Jun Q2 YTD
2017 5.33% 2.80% 1.20% 9.57% 9.96% 7.08% 3.56% 21.94% 33.62%
EIα All Weather Alpha Fund I L.P. is a Quantitative Long/Short Hedge Fund managed by EIα All Weather Alpha Partners, LLC. The Fund’s objective is to seek attractive
absolute returns by identifying and exploiting multiple inefficiencies that may exist in global equity markets.
The Fund’s strategy is based on utilizing Eiα’s proprietary intellectual framework (GLM Analytics) of forecasting, research, portfolio simulation and valuation models to
evaluate when to buy or sell stocks using over 100 factors. This intellectual framework allows the Portfolio Manager to manage the Fund unencumbered by emotions or
inherentbias.
INFORMATION
AUM: $300,000 (GP Funds Only as of
6/30/17)
SUBSCRIPTIONS:Monthly
REDEMPTIONS:Monthly with 30
daysnotice
LOCK-UP: 180 Days
MANAGEMENT FEE: 2%
INCENTIVEFEE: 20%
Annual Fund Hurdle
Rate:7%
HIGH WATER MARK: YES
MINIMUM INVESTMENT: $10,000
Prime Broker: Triad Securties Auditor:
Marcum or PWC Admin: North Street
Global Legal: Thompson Coburn
General partner: EIα All Weather Alpha Partners, LLC As of 7/1/17
Investment advisor: EIα Alpha Partners Fund Management, LLC Currency: US$

EIα All Weather Alpha Partners Fund I, L.P.

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