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The Great O'Neill - Discretionary Global Macro

Principal(s): John Kierans
Strategy: Discretionary / Fundamental / Softs & Energy
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Investment Restrictions: Qualified Eligible Participants Only

Statistics & Program Information

Oct 2025 Return   0.97% Worst Drawdown (2)    -31.12% Minimum Investment   $500,000
YTD Return: -3.41% Losing Streak (3):  -29.35% AUM (5):  $706,000
Annualized CROR(1)  0.36% Sharpe Ratio 4% RF ROR(4):  -0.28 Calmar Ratio (6):  N/A
2) Annualized ACROR is based on compounding. Please see Footnotes for more information.
Trading Methodology
100% Discretionary
 Style Sub-Categories
Pattern Recognition
Option Writer
Option Spread
Other Option Strategy
Volatility
Mean Reversion
 Trading Style
10% Trend Following
30% Contrarian
10% Spread Trading
10% Option Trading
40% Other
Market Sector
2% Stock Indices
2% Currencies
6% Metals
44% Energies
46% Softs
 Holding Period
3% Long Term
14% Medium Term
74% Short Term
9% Intraday
 Geographic Sector

Contracts:
Futures
Options
Start Date   Jan-2016 Currency   US Dollar Management Fee    2.00%
Accepting New Accounts   Yes Min Investment    $500,000 Incentive Fee    0.00
NFA Member    Yes Fund Minimum    $500,000 Other Fees   None
NFA Number    01517188 Margin (7)   5-15% Avg Comm (8)   $5
Notional Funds    Yes Round Turns Per Million (10)    811 Max Comm (9)   
Starting Date:  Jan-2016 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $706,000
Open to US Investors:  Yes Annualized CROR:  -0.41%
Minimum Fund Investment:  $500,000
Minimum Managed Account:  $500,000 Current Losing Streak:  -29.35 %
Domocile:   Calmar:  N/A
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  -0.28
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:

Growth of $1,000 VAMI and Monthly Returns

Trading Description, Risk Strategy & Background

Trading Description

The Great O'Neill Program employs a proprietary trading technique in which fundamental factors, such as market psychology, and technical indicators are combined in an attempt to forecast market direction. (www.thegreatoneill.com)

Risk Strategy

Monitor overall book size. Monitor for excessive exposure to correlated markets. Use options to protect downside. (www.thegreatoneill.com)

Background

John Kierans is head of trading. He has been trading his own money since 1996. John traded in the trading pits of the New York Board of Trade (NYBOT) / ICE exchange and the trading pit of the New York Mercantile Exchange (NYMEX) / CME Group. John served on the board of directors of the NYBOT FINEX division from 2002 to 2007. John holds a degree in Business Studies and Capital Markets from Dublin City University and various other professional qualifications. Colin Bracken directs our quantitative analysis and research. Colin assesses trade opportunities and risk for The Great O’Neill. Colin holds a degree in Applied Physics and a Masters of Business Studies from the University of Limerick. Colin worked as a trader with Custom House Capital before joining the firm in 2009. In 2015 we took the decision to evolve into a CTA and offer our services to the private high-net-worth market. Our first objective was to develop a product that offers genuine diversity to private clients, who are typically only long assets. Our second objective was durability. We aim to be around for a long time and so created a low leverage product. Our max leverage is one and a half times book. Our normal leverage is a fraction of that. Most banks operate at well over 20 times book! Finally our third and final objective was to create a positive performance. Using our own proprietary funds the Great O’Neill began trading in January 2016. We have and continue to meet all three of our objectives. • Diversity • Low Leverage Low Risk • Performance In 2018 the Great O’Neill registered with the NFA as a Commodity Trading Advisor (CTA). We launched our website (www.thegreatoneill.com) in 2019 and are now actively seeking clients.

Performance

Pro-Forma Returns adjusted for a 2% Management Fee and 20% Incentive Fee (A Portion of this Performance is based on Proprietary Trading)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecRORMax DD
2025 1.02% -2.46% 2.17% -2.44% -1.87% -1.66% 0.03% 0.28% 0.55% 0.97%   -3.48% -6.18%
2024 -4.04% 0.76% 1.34% 0.24% 9.03% -1.61% -4.33% -2.32% -0.75% 2.15% -3.83% -1.76% -5.68% -11.93%
2023 -6.88% -3.66% -4.29% -0.56% 0.07% -3.57% 2.01% -1.22% 1.29% -2.74% -0.52% -2.70% -20.83% -20.83%
2022 10.71% 9.31% 4.70% -0.56% 14.56% 7.64% -5.99% -5.04% 7.67% -3.12% 0.40% 4.84% 52.28% -10.73%
2021 2.05% -5.60% -5.53% 1.10% 5.75% -5.40% -0.33% -1.52% -12.22% -5.20% -2.30% -4.33% -29.70% -31.12%
2020 -2.71% 0.75% 0.83% -2.80% -1.90% -3.01% 5.63% 6.20% 1.21% 2.20% -2.83% 7.31% 10.57% -8.61%

Annual Performance

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.
THERE IS UNLIMITED RISK OF LOSS ASSOCIATED WITH WRITING SHORT OPTION CONTRACTS.

Footnotes

1. The Annualized Compounded ROR ("Rate of Return") is the average return of an investment over a number of years. It smoothes out returns by assuming constant growth. 2. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % the time-period. 3. Sharpe Ratio uses a 4% Risk Free ROR (Rate of Return) 4. Calmar Ratio Uses last 36 months of Data 5. The hypothetical growth of $1,000

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.