Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
The Program seeks to achieve significant profits across a broad variety of market conditions (both bull and bear markets, and inflationary and deflationary environments). To achieve their objectives, the Programs involve speculating in futures contracts (or options thereon) available for trading on any U.S. or European exchange. Trades are typically seasonal inter-commodity spreads. Some calendar spreads are also used. Options are normally not used but could be used in extreme market conditions for risk management purposes.
Effective risk management, such as the use of stop-loss orders, is a crucial aspect of the Programs, and the Advisor will at times employ risk management techniques in its discretion. However, prospective clients are cautioned that by their nature, these risk management techniques are not guaranteed to limit losses to pre-determined amounts, so there is no assurance they will be effective during the times they are employed.
SpreadEdge Capital, LLC operations are managed by DARREN CARLAT, who is the sole owner and controlling member of
SpreadEdge Capital. Mr. Carlat became a listed principal and associated person of SpreadEdge on October 21, 2014.
In March of 2010, Mr. Carlat finished initial development efforts on a seasonal spread trading strategy which he has continually
refined and enhanced as he has used it for his own trading activities. This seasonal spread strategy has become the basis for the
programs described.
From February 1986 to February of 2018, Mr. Carlat was employed in various capacities with Frito-Lay, Inc., a large snack food
producer and distributor that is a global division of PepsiCo North America. Mr. Carlat most recently served as its Senior Director
of Supply Chain Planning in Plano, Texas. His responsibilities included distribution planning and execution.
Mr. Carlat has recently retired from Frito-Lay Inc. and currently operates SpreadEdge Capital full time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.53% | -1.62% | -0.22% | 0.30% | 0.87% | -6.75% | -0.54% | 1.17% | 2.55% | 2.07% | -0.46% | 0.84% | 1.37% | -7.89% |
| 2024 | -3.49% | -1.06% | -1.42% | 3.10% | -4.22% | 3.74% | 5.62% | 2.63% | -2.18% | 0.12% | 1.05% | -2.98% | 0.36% | -7.05% |
| 2023 | 0.70% | -0.92% | 1.87% | -1.16% | -0.51% | 2.52% | 0.48% | 0.94% | 5.79% | 0.42% | -2.54% | -1.23% | 6.28% | -3.74% |
| 2022 | -7.04% | -1.27% | -14.53% | 2.99% | -4.07% | 6.59% | 5.46% | -4.51% | 1.13% | 0.63% | 6.07% | 7.08% | -3.85% | -22.50% |
| 2021 | 6.72% | -1.69% | 8.45% | -9.18% | 0.92% | -5.98% | 6.47% | -1.58% | 3.01% | -6.72% | -3.22% | 4.76% | 0.10% | -16.03% |
Track Record Compiled By: CTA Services
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2025 | 1.37% | -7.89% | $177,777 |
| 2024 | 0.36% | -7.05% | $176,840 |
| 2023 | 6.28% | -3.74% | $176,215 |
| 2022 | -3.85% | -22.50% | $165,802 |
| 2021 | 0.10% | -16.03% | $323,319 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2025 | 1.37% | -7.89% |
| 2024 | 0.36% | -7.05% |
| 2023 | 6.28% | -3.74% |
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.