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Blue Bar Futures Trading Mgt LLC - U.S. Commodity Diversified Prg



Principal(s): Robert Wieneke
Strategy: Long Short Spreads / Diversified / Commodities
Request Disclosure Document
Investment Restrictions: 4.7 Exempt - QEPs Only++

Statistics & Program Information

Nov Return   -0.90% Worst Drawdown (2)    -11.24% Minimum Investment   $200,000
YTD Return   3.24% Losing Streak (3)    -1.08 % AUM (5)   $10,438,496
Annualized CROR (1)    12.05 Sharpe Ratio (4)   1.09 Calmar Ratio (6)    0.49
Trading Methodology
60% Systematic
40% Discretionary
 Style Sub-Categories
Fundamental
Momentum
Pattern Recognition
Option Writer
Option Spread
Other Option Strategy
Volatility
Trend Anticipatory
Mean Reversion
Relative Value

 Trading Style
25% Trend Following
10% Contrarian
30% Spread Trading
20% Option Trading
15% All others
Market Sector
5% Financials
5% Agriculturals
85% Meats
5% Others 		Holding Period
5% Long Term
25% Medium Term
60% Short Term
10% Intraday
 Sector
US
Contracts
Futures
Options
Start Date   Feb-2017 Currency   US Dollar Margin (7)   0-50%
New Money   No AUM (5)   $10,438,496 Management Fee    2.00%
Min Investment    $200,000 Annualized CROR (1)   12.05 Incentive Fee    20.00%
Fund Minimum    $0 Losing Streak (3)    -1.08 % Other Fees   None
Notional Funds    Yes Worst Drawdown (2)    -11.24 % Avg Comm (8)   $5.00
NFA Member    Yes Sharpe Ratio (4)    1.09 Max Comm (9)   5.00
NFA Number    0438829 Calmar Ratio (6)    0.49 Round Turns (10)    5,400
Starting Date:  Feb-2017 Currency:  US Dollar
Open to New Investors:  No Current Assets:  $10,438,496
Open to US Investors:  Yes Annualized CROR:  12.05%
Minimum Fund Investment:  $0 Worst Monthly Drawdown:  -11.24
Minimum Managed Account:  $200,000 Current Losing Streak:  -1.08 %
Domocile:   Calmar:  0.49
Subscriptions:  N/A Sharpe Ratio:  1.09
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
Other Fees:  None FINRA Member:  No
Other Memberships:  Certified Market Technician (CMT)
Type of Fund:
 Domicile:
 Strategy:
Track Record Prepared By: CTA Services
Correlations: AG CTA Index: -0.143             

P - Proprietary Trading Results * C - Client Trading Result * P&C - Combines Client & Proprietary Trading Results (the accounting notes will identify the time frame for each.

1. Rates of Return: Rate of Returns are calculated from the start date of each program. Usually returns are calculated based on the Annual Compounded Rate of Return method. In some cases returns have been calculated on a Non-Compounded basis. This would occur when a Manager trades based on account unit rather than on account equity.

The Annualized Compounded Rate of Return ("Annualized CROR") represents the compounded rate of return or 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. The Annual Rate of Return ("Annual ROR") is the annualized Mean Return.

2. The Worst Peak-to-Valley Drawdown ("Worst 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.

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

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

5. Annualzied 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.

6. 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.

7. The 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 Ratios is calculated using a 1% risk-free rate of return.

8. The 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%.

9. The 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.

10. The 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 Annualized 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.

11. 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.

12. Minimum Investment represents the minimum account size.

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

14. The Number of Winning Months represents the months with positive return.

15. The Number of Losing Months represents the months with negative return.

16. The Percentage of Winning Months represents the % of winning months.

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

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

19. 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.

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

Trading Description:

The Blue Bar U.S. Commodity Diversified Program seeks to achieve capital appreciation through the execution of outright long/short and spread strategies identified by technical and fundamental analysis to identify potentially low-risk trade opportunities. The trade execution methodology used for the program is based on a process that is approximately 60% systematic and 40% discretionary. This program trades a wide variety of U.S. commodity markets, including meats, grains, metals, energies, financial indices, bonds, currencies, and softs.

Trade duration for spreads varies widely, from one to three days up to several months; though individual "legs" of a particular spread may be modified over time to establish a new spread position. In extreme market situations, a spread may be converted to a directional position for a relatively brief period of time. Many spread positions may be considered "scalps" that are completed intraday or are held for a short period of time, designed to take advantage of a market anomaly. Certain relatively small spread positions may also be held for longer periods of time, to attempt to capture a potential opportunity outside of typical seasonal spread patterns.

Risk Strategy:

The Advisor monitors both fundamental and technical factors associated with each trade on a continuous basis, and a 3% to 5% adverse movement in the underlying commodity's price would generally be cause for liquidation of the trade.

Background:

Robert Wieneke is the President of Blue Bar Futures. He is responsible for overall management, trading, marketing, and investor relations. He became a listed principal of Blue Bar Futures in February 2012 and became registered as an associated person in March 2012. Mr. Wieneke has more than 30 years of experience in trading futures and options on futures, with nearly two decades spent as a floor trader and floor broker. He became a registered floor trader in July 1994 and a registered floor broker in August 1995. He withdrew his registration as a floor broker in October 2013 in order to focus more closely on his Blue Bar Futures business activities.

Born in 1956 and raised in the northern suburbs of Chicago, Mr. Wieneke served in the United States Marine Corps and was honorably discharged in 1979. He began working on the floor of the Chicago Board Options Exchange as a stock order clerk and a phone clerk in 1980. He began trading as a market maker in 1983 in the S&P 100 options pit. In the early 1990s he became a Chicago Mercantile Exchange member and traded in the S&P 500 futures pit as a "local", where he developed and refined multiple option and futures spread trading strategies. Mr. Wieneke has been a member and traded on the floor of the Chicago Board Options Exchange, Chicago Board of Trade, and the Chicago Mercantile Exchange.

Mr. Wieneke began trading electronically shortly after Globex (the Chicago Mercantile Exchange's electronic trading platform) was introduced in 1992. During that time, he also started using CQG, a computer-based charting, trading and technical analysis software product. He continues to assist in CQG's charting and trading platform development efforts as an alpha tester and consultant. In 2000, Mr. Wieneke left the floor and became a full time electronic trader. Using his extensive knowledge in experience in arbitrage, spread trading and hedging, he has developed algorithmic trading strategies used by Blue Bar Futures. In March 2014, he successfully passed all three levels of study and was awarded the Chartered Market Technician (CMT) designation from the Market Technicians Association.

Accounting Notes:

Accounting services provided by CTA Services.

Performance

Monthly Performance Since February 2017

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2024 -0.80% 2.11% 1.09% 1.57% -1.50% 0.20% 1.12% -0.26% 0.81% -0.18% -0.90%   3.24% -1.5%
2023 4.11% 0.27% -1.77% 1.22% -2.24% 2.84% 0.47% -1.67% -0.15% 1.11% 0.56% -0.36% 4.28% -2.8%
2022 -1.01% 1.37% -1.16% 1.91% 1.12% -1.15% -1.14% 0.12% -0.90% 0.72% 0.66% -2.57% -2.11% -4.22%
2021 2.50% 0.06% 2.10% -3.98% 4.09% 4.82% 1.28% 0.34% 0.68% -2.43% 1.44% 0.95% 12.15% -3.98%
2020 1.76% -0.52% 0.68% -3.77% 4.96% 2.66% -0.67% -1.54% 3.90% 0.99% -0.65% -1.37% 6.27% -3.77%
2019 -1.18% -0.20% 2.22% -7.08% -4.48% 5.40% 1.85% -2.05% 2.24% 2.50% -1.60% 4.28% 1.17% -11.24%


Annual Performance

Years201720182019202020212022
ROR48.10%29.56%1.17%6.27%12.15%-2.11%
Max DD-6.11%-3.50%-11.24%-3.77%-3.98%-4.22%

Years20232024 YTD
ROR4.28%3.24%
Max DD-2.80%-1.50%



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.

VAMI, Assets under Management & Worst Drawdown

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Monthly Returns

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++Qualified Eligible Investors Only:

A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $4,000,000 in securities holdings OR the person must have on deposit with a Futures Commission Merchant at least $400,000 in exchange-specified initial margin and option premiums, and required minimum security deposit for retail forex transactions).

Exemptions:

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH THE ACCOUNTS OF QUALIFIED ELIBIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUANCY OR ACCURACY OF THE COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND/OR FOREIGN EXCHANGE ('FOREX') 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.

 
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