AutumnGold Managed Futures
 
 
Ditsch Trading LLC
Discretionary Trading Program

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Statistics & Program Information

Feb 2026 Return
-2.36%
Worst Drawdown (2)
-49.34%
Minimum Investment
$100,000
YTD Return
-2.88%
Sharpe Ratio 4% RF ROR (4)
0.16
AUM (13)
$2,997,385
Annualized CROR(1)
4.87%
Calmar Ratio (10)
-0.22
Losing Streak
-18.02%

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.

Annualized ACROR is based on compounding. Please see Footnotes for more information.

Trading Methodology
100% Discretionary
Trading Style
25% Trend Following
25% Spread Trading
25% Option Trading
25% Opportunistic
Style Sub-Categories
Fundamental
Market Sector
100% Agriculturals
Holding Period
50% Medium Term
50% Short Term
Geographic Sector
US
Contracts
Futures, Options
Start Date   Jan-2011 Currency   US Dollar Management Fee    2.00%
Accepting New Accounts   Yes Min Investment    $100,000 Incentive Fee    20.00%
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0423189 Margin (7)   5-10% Average Commission (16)   
Notional Funds    Yes Round Turns Per Million (15)    31,664 Maximum Commission (17)   
Starting Date:  Jan-2011 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $2,997,385
Open to US Investors:  Yes Annualized CROR:  4.87%
Minimum Fund Investment:  $0
Minimum Managed Account:  $100,000 Current Losing Streak:  -18.02 %
Domicile:   Calmar:  -0.22
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  0.16
Redemptions:  N/A US Attorney:  Not Listed
Lock Up:  N/A Offshore Attorney:  Not Listed
Hurdle Rate:  N/A Administrator:  Not Listed
Administraton Fee:  0.00% Prime Broker:  Not Listed
Management Fee:  2.00% Auditor:  Not Listed
Incentive Fee:  20.00% NFA Member:  Yes
Selling Fee:  0.00% FINRA Member:  No
Other Fees:  None Other Memberships:  None
Type of Fund:
Domicile:
Strategy:
Correlations: AG CTA Index: 0.055              AG Discretionary CTA Index: 0.32              SP 500 TR: 0.046             
1Rates of Return

ROR calculations are not provided when there are less than 12 data points. The Annualized Compounded Rate of Return ("Annualized CROR") represents the compounded rate of return for each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. Annualized CROR is not applicable to CTAs that sum their monthly returns. The Annualized Mean Return is calculated by annualizing the average monthly return.

2Worst Peak-to-Valley Drawdown

The Worst Peak-to-Valley Drawdown is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value. Unless otherwise indicated, the Worst Peak-to Valley Drawdown is calculated from inception.

3Start & End Dates

Indicates the Start and End Dates of the Worst Peak-to-Valley Drawdown.

4Current Losing Streak

The Current Losing Streak ("Losing Streak") represents the extent of the Advisor's current drawdown.

5Annualized Standard Deviation

Annualized Standard Deviation is one way to look at consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return.

6Downside Deviation

Downside Deviation is a measure of downside volatility. It only considers those monthly performance results that are less than the monthly Minimum Acceptable Rate of Return.

7Sharpe Ratio

Sharpe Ratio is a risk-adjusted ratio that rewards consistency of returns. Traders are penalized for volatility regardless of whether it is on the up or downside. The Sharpe Ratio is calculated using a risk-free rate of return.

8Sortino Ratio

Sortino Ratio is a risk-adjusted ratio. The higher the number the better. Results are dependent upon the Minimum Acceptable Rate of Return (currently set at 5%).

9Sterling Ratio

Sterling Ratio is a risk-adjusted return measurement calculated by dividing the Annualized Compound ROR by the Average Yearly Maximum Drawdown less an arbitrary 10%. The Sterling Ratio is normally calculated using the last 36 months of data.

10Calmar Ratio

Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A.

11Omega Function

The Omega Function accounts for the non-normal distributions of returns and takes into account the investor's preferences for loss and gain. Omega is computed directly from the returns distribution and measures the total impact of the moments instead of each one of them individually.

12Minimum Investment

Minimum Investment represents the minimum account size.

13Assets Under Management

Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.

14Margin to Equity

Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.

15Round Turns per Million

Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.

16Average Commission

The Average Commission ("Avg Comm") represents the average commission rate of the composite track record. A higher or lower commission rate would increase or decrease the performance accordingly.

17Maximum Commission

Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

Assets Under Management

Date AUM
Feb 2026$2,997,385
Jan 2026$3,069,978
Dec 2025$3,086,230
Nov 2025$2,830,433
Oct 2025$2,912,143
Sep 2025$3,110,160
Aug 2025$2,935,855
Jul 2025$3,077,755
Jun 2025$3,019,599
May 2025$2,961,547
Apr 2025$2,939,631
Mar 2025$2,932,990
Feb 2025$2,866,778
Jan 2025$2,998,796
Dec 2024$3,229,771
Nov 2024$3,369,454
Oct 2024$3,351,632
Sep 2024$3,312,113
Aug 2024$3,576,711
Jul 2024$3,634,288
Jun 2024$4,085,537
May 2024$3,880,311
Apr 2024$4,159,564
Mar 2024$4,231,114
Feb 2024$4,447,500
Jan 2024$3,906,470
Dec 2023$3,734,606
Nov 2023$3,385,998
Oct 2023$5,134,815
Sep 2023$5,345,291
Aug 2023$5,409,550
Jul 2023$5,293,300
Jun 2023$5,213,165
May 2023$4,991,675
Apr 2023$5,103,577
Mar 2023$5,029,743
Feb 2023$5,094,430
Jan 2023$4,017,492
Dec 2022$3,894,711
Nov 2022$3,959,280
Oct 2022$4,018,029
Sep 2022$3,765,062
Aug 2022$3,690,211
Jul 2022$3,673,080
Jun 2022$3,962,401
May 2022$4,110,936
Apr 2022$4,226,760
Mar 2022$4,272,394
Feb 2022$4,295,360
Jan 2022$3,612,413
Dec 2021$3,406,091
Nov 2021$3,458,688
Oct 2021$3,493,178
Sep 2021$3,525,714
Aug 2021$3,462,884
Jul 2021$3,701,334
Jun 2021$3,713,987
May 2021$3,509,427
AUM values are as reported by the manager. Figures may be estimated or rounded.

Growth of $1,000 VAMI and Monthly Return

Trading Description, Risk Strategy & Background

The primary focus of the trading program is on agricultural commodity markets with particular emphasis on soybean, soybean products, and corn futures and options, but does occasionally trade other markets. Mr. Ditsch gained a thorough understanding of markets through his time at Noble Agri and long before trading physical grain and oilseed markets in the US. He began his career with Consolidated Grain and Barge, a leading US grain and transportation company and then with Zen-noh Grain Corporation. At Zen-Noh, Mr. Ditsch eventually rose to the position of Trading Manager for all commodities.

N/A

Mr. Ditsch began his career in 1996 with Consolidated Grain and Barge (CGB), a leading US grain and transportation company. After spending some time learning the essentials of cash grain merchandising at a river elevator in southern Illinois, Mr. Ditsch moved to Mandeville, Louisiana to trade the export grain market for one of CGB's parent companies, Zen-noh Grain Corporation (ZGC). ZGC is one of the largest grain exporting companies in the US. He initially managed the sorghum, corn, and soybean trading for the company and was named the Trading Manager for all commodities in 2006.

In addition to cash and futures trading, he focused much of his time on risk management, logistics, and world supply and demand analysis. This was supplemented with many trips to China, Japan, Southeast Asia, Europe, and other key destination markets. These travels were very important in helping to develop key relationships with world grain and soybean users. Mr. Ditsch continues to travel overseas to many of these destinations in order to help maintain these important market relationships.

In 2007, Mark moved to Chicago to work with the LaSalle Group as a futures trader and analyst, focusing his analytical work on the soybean and meal markets. He was approved by the NFA as an Associated Person of Rosenthal Collins Group, LLC in 2007. He began trading futures for his own account, and in 2008 was granted NFA approval to trade discretionary accounts.

Mr. Ditsch took his experience and began his discretionary trading program, Ditsch Trading, LLC, in January 2011. Mark traded discretionary accounts for almost three years before deciding to return to the corporate side of the sector; he joined Noble-Agri as their Global Head of Proprietary Trading. This position helped to hone the trading skills Mr. Ditsch has developed over the year and widened his network giving him more insight to the various ripples throughout all channels of the industry.

During the winter of 2015, Mark returned to the managed capital sector of the industry and with the help of the Nesvick Trading Group reopened Ditsch Trading, LLC. Mark Ditsch holds a B.S. in Agricultural Economics from the University of Nebraska and an M.S. in Agricultural Economics from the University of Illinois. Mr. Ditsch grew up on a crop farm in Western Nebraska and still owns farmland in the area today.

There are no Trading Results from October 2013 through November 2015. During this time Mark Ditsch was employed by Noble Group.
YearJanFebMarAprMayJunJulAugSepOctNovDecROR (YTD)Max DD
2026-0.53%-2.36%-2.88%-2.88%
2025-2.33%0.48%2.31%0.23%0.75%1.96%5.16%-7.54%5.94%-6.37%-2.81%9.04%5.66%-10.86%
20244.60%7.33%-4.87%-1.69%-4.60%0.13%-0.71%-1.58%-7.40%3.19%0.53%-4.15%-9.76%-19.62%
2023-1.40%-0.47%-1.27%1.47%-2.19%0.42%-0.38%2.20%-1.19%-3.94%-6.07%4.19%-8.67%-12.35%
20226.06%13.45%-0.53%-1.07%-2.74%-0.57%-1.20%0.47%2.03%3.97%-1.46%-1.63%16.88%-5.98%
20216.86%4.72%1.62%11.29%-8.97%-2.58%-0.34%-1.27%1.81%-0.92%-0.99%-1.52%8.61%-14.18%

Track Record Compiled By: N/A

Accounting Notes: In September of 2013 Mark Ditsch closed his trading program due to his joining of Noble Group. Mr. Ditsch left Noble in November 2015 to reopen his trading program, Ditsch Trading, and began trading accounts for the program again in December 2015.

Annual Performance Summary

Year Yearly Return Max Drawdown Year-End AUM
2026-2.88%-2.88%$2,997,385
20255.66%-10.86%$3,086,230
2024-9.76%-19.62%$3,229,771
2023-8.67%-12.35%$3,734,606
202216.88%-5.98%$3,894,711
Yearly Return is the compound rate of return for each calendar year. Max Drawdown is the peak-to-valley decline within the year. AUM is as of the last reported month of the year.
There are no Trading Results from October 2013 through November 2015. During this time Mark Ditsch was employed by Noble Group.
Year Yearly Return Max DD
2026-2.88%-2.88%
20255.66%-10.86%
2024-9.76%-19.62%
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.


Accounting Notes:

In September of 2013 Mark Ditsch closed his trading program due to his joining of Noble Group. Mr. Ditsch left Noble in November 2015 to reopen his trading program, Ditsch Trading, and began trading accounts for the program again in December 2015.

Risk Disclosure

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, FOREIGN EXCHANGE ('FOREX') AND/OR CRYPTOCURRENCIES IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.