AutumnGold Managed Futures
 
 
Numberline Capital Partners, LLC
Numberline Macro Risk Program (P)

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Statistics & Program Information

Apr 2026 Return
-1.46%
Worst Drawdown (2)
-40.62%
Minimum Investment
$100,000
YTD Return
3.25%
Sharpe Ratio 4% RF ROR (4)
0.17
AUM (13)
$677,469
Annualized CROR(1)
5.33%
Calmar Ratio (10)
0.27
Losing Streak
-8.19%

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
100% Option Trading
Style Sub-Categories
Other Option Strategy, Quantitative
Market Sector
50% Stock Indices
30% Currencies
5% Financials
10% Metals
5% Energies
Holding Period
20% Medium Term
80% Short Term
Geographic Sector
US
Contracts
Futures, Options
Start Date   Feb-2020 Currency   US Dollar Management Fee    2.00%
Accepting New Accounts   Yes Min Investment    $100,000 Incentive Fee    20.00%
NFA Member    Yes Fund Minimum    $100,000 Other Fees   None
NFA Number    0523156 Margin (7)   15% Average Commission (16)   $0.00
Notional Funds    Yes Round Turns Per Million (15)    960 Maximum Commission (17)   
Starting Date:  Feb-2020 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $677,469
Open to US Investors:  Yes Annualized CROR:  5.33%
Minimum Fund Investment:  $100,000
Minimum Managed Account:  $100,000 Current Losing Streak:  -8.19 %
Domicile:   Calmar:  0.27
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  0.17
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: -0.108              AG Discretionary CTA Index: -0.035              SP 500 TR: 0.345             
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
Apr 2026$677,469
Mar 2026$967,158
Feb 2026$935,993
Jan 2026$916,968
Dec 2025$918,342
Nov 2025$940,609
Oct 2025$883,041
Sep 2025$558,295
Aug 2025$903,350
Jul 2025$934,261
Jun 2025$905,193
May 2025$963,302
Apr 2025$930,349
Mar 2025$999,172
Feb 2025$990,630
Jan 2025$554,377
Dec 2024$951,802
Nov 2024$954,699
Oct 2024$812,665
Sep 2024$780,305
Aug 2024$763,748
Jul 2024$703,206
Jun 2024$703,969
May 2024$700,133
Apr 2024$679,078
Mar 2024$688,582
Feb 2024$460,033
Jan 2024$459,268
Dec 2023$281,815
Nov 2023$457,865
Oct 2023$433,385
Sep 2023$417,300
Aug 2023$283,968
Jul 2023$286,431
Jun 2023$443,201
May 2023$443,281
Apr 2023$444,557
Mar 2023$441,884
Feb 2023$396,683
Jan 2023$397,568
Dec 2022$356,844
Nov 2022$356,295
Oct 2022$286,731
Sep 2022$291,557
Aug 2022$386,551
Jul 2022$472,997
Jun 2022$434,434
May 2022$438,425
Apr 2022$433,150
Mar 2022$471,887
Feb 2022$439,146
Jan 2022$426,648
Dec 2021$461,033
Nov 2021$452,369
Oct 2021$469,504
Sep 2021$469,949
Aug 2021$472,507
Jul 2021$467,854
Jun 2021$452,602
May 2021$433,864
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 Numberline Macro Risk Program is a market neutral strategy that trades Equity Indices, Energy, Rates, FX and metals using a quantitative approach to select assets and manage risk.

The Numberline Macro Risk Program uses various volatility methods to make sure the portfolio is balanced according to the volatility of each asset. While the intention is to offset the risk in the core portfolio using various other markets, each market is traded independently and no correlation is assumed to hold. Using options allows a much tighter control of risk that would be otherwise available using only futures.

John Knott has been a trader for 24 years working with proprietary trading firms as well as trading his own account. His experience includes trading through the 2000 tech crash, 911, the 2008 credit crisis as well as volatile periods in oil and gas. He is a former registered floor trader with the CBOT and holds a Master's Degree in Applied Economics from the University of Houston. Partha Srinivasan served as the founder andCTO/VP of Software Development for a multimediastartup and a networking startup. He has a PhD in Electrical Engineering from the Univ. of California, Santa Barbara with experience in software development and machine learning.

Proprietary Pro-Forma Performance adjusted for a 2% Management Fee and 20% Incentive Fee (A Portion of this Performance is based on Proprietary Trading)
YearJanFebMarAprMayJunJulAugSepOctNovDecROR (YTD)Max DD
2026-0.32%1.84%3.22%-1.46%3.25%-1.46%
20252.78%0.78%0.56%-7.04%3.37%-6.19%3.04%-3.47%-1.41%-1.18%6.34%-2.53%-5.69%-12.65%
20244.92%0.00%4.15%-1.43%2.63%0.30%-0.27%6.80%1.60%3.18%-5.27%-0.47%16.73%-5.72%
202311.23%-0.39%11.21%0.44%-0.47%-0.97%1.75%-0.88%-5.10%6.07%3.09%-4.71%21.65%-5.94%
2022-7.61%2.76%7.28%-8.36%1.05%-1.53%9.20%-18.41%-24.70%-1.82%24.05%-0.10%-24.19%-39.94%
20210.96%10.08%5.32%2.94%-1.92%3.32%2.56%0.66%-0.57%-0.26%-3.81%1.75%22.35%-4.61%

Track Record Compiled By: Turnkey

Accounting Notes: Proprietary Pro-Forma Performance adjusted for a 2% Management Fee and 20% Incentive Fee

A Portion of this Performance is Based on Proprietary Trading

Annual Performance Summary

Year Yearly Return Max Drawdown Year-End AUM
20263.25%-1.46%$677,469
2025-5.69%-12.65%$918,342
202416.73%-5.72%$951,802
202321.65%-5.94%$281,815
2022-24.19%-39.94%$356,844
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.
Proprietary Pro-Forma Performance adjusted for a 2% Management Fee and 20% Incentive Fee
Year Yearly Return Max DD
20263.25%-1.46%
2025-5.69%-12.65%
202416.73%-5.72%
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:

Proprietary Pro-Forma Performance adjusted for a 2% Management Fee and 20% Incentive Fee

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.