AutumnGold Managed Futures
 
 
Agile Investment Management
Senti-Wave V Program

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Statistics & Program Information

Nov 2025 Return
1.62%
Worst Drawdown (2)
-9.94%
Minimum Investment
$350,000
YTD Return
5.25%
Sharpe Ratio 4% RF ROR (4)
0.84
AUM (13)
$254,059
Yearly Return(1)
12.1%
Calmar Ratio (10)
2.15
Losing Streak
0%

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

This CTA reports performance based on a fixed trading level rather than actual equity; therefore, the returns shown are not compounded.

Trading Methodology
80% Systematic
20% Discretionary
Trading Style
100% Trend Following
Style Sub-Categories
Volatility
Market Sector
50% Stock Indices
50% VIX
Holding Period
100% Short Term
Geographic Sector
US
Contracts
Futures
Start Date   Sep-2020 Currency   US Dollars Management Fee    1%
Accepting New Accounts   Yes Min Investment    $350,000 Incentive Fee    20.00
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0527741 Margin (7)   0% Average Commission (16)   $0.00
Notional Funds    No Round Turns Per Million (15)    0 Maximum Commission (17)   
Starting Date:  Sep-2020 Currency:  US Dollars
Open to New Investors:  Yes Current Assets:  $254,059
Open to US Investors:  Yes Annualized CROR:  12.1%
Minimum Fund Investment:  $0
Minimum Managed Account:  $350,000 Current Losing Streak:  0 %
Domicile:   Calmar:  2.15
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  0.84
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:  0.00% Auditor:  Not Listed
Incentive Fee:  0.00% 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: -0.104              AG Systematic CTA Index: -0.089              SP 500 TR: 0.302             
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
Nov 2025$254,059
Oct 2025$100,802
Sep 2025$100,546
Aug 2025$101,409
Jul 2025$100,438
Jun 2025$102,450
May 2025$146,974
Apr 2025$145,526
Mar 2025$150,969
Feb 2025$149,893
Jan 2025$150,875
Dec 2024$153,804
Nov 2024$155,409
Oct 2024$149,495
Sep 2024$152,704
Aug 2024$959,276
Jul 2024$1,007,659
Jun 2024$1,006,251
May 2024$1,007,203
Apr 2024$1,010,933
Mar 2024$1,008,414
Feb 2024$1,008,383
Jan 2024$1,011,360
Dec 2023$1,003,714
Nov 2023$1,008,325
Oct 2023$1,025,710
Sep 2023$977,365
Aug 2023$1,021,857
Jul 2023$1,004,924
Jun 2023$1,005,028
May 2023$301,842
Apr 2023$300,912
Mar 2023$303,216
Feb 2023$301,432
Jan 2023$304,484
Dec 2022$306,395
Nov 2022$304,362
Oct 2022$309,757
Sep 2022$389,572
Aug 2022$300,196
Jul 2022$666,621
Jun 2022$299,960
May 2022$342,728
Apr 2022$287,584
Mar 2022$295,229
Feb 2022$296,603
Jan 2022$290,635
Dec 2021$76,502
Nov 2021$68,612
Oct 2021$73,173
Sep 2021$69,497
Aug 2021$71,809
Jul 2021$71,728
Jun 2021$72,216
May 2021$71,131
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

Agile's Senti-Wave V Strategy Description: The strategy is an 80% systematic trading method developed from a proprietary trading system and used to capitalize on waves of over-sold or over-bought environments in the equity markets, and in the volatility of those markets. The strategy trades Volatility index futures (VIX) and takes advantage of directional momentum and volatility as a market sentiment barometer designed to achieve steady and consistently positive 12 month returns regardless of market direction. It targets these results in trendless or choppy market environments. Trades are short-term in duration from several days to several weeks. Past performance is not necessarily indicative of future results. Trading Futures and Options involves substantial risk of loss and is not suitable for all investors. See Accounting Notes Below.

N/A

Ken Brandau in 1993 opened American Capital Mgt-CTA and WorldWide Money Mgt-CTA, All Equity Growth Fund and 6800 Capital Corp. as Managing Hedge Fund Director, ChariTrust - Hedge Fund Research, NorthCoast Asset Mgt. as ETF strategy program developer, private wealth equity strategy developer and trader.

Monthly Performance trading results are actual and independently verified by NAV Consulting, Inc. Pro Forma results are adjusted for a 1% Mgt Fee calculated monthly and Pro Forma 20% quarterly incentive fee. See accounting notes on page 2 for more details. The performance from September 2020 to January 2021 represents the trading results for an account traded pursuant to a Trading Authorization Power of Attorney provided to the Advisor's sole trading principal Kenneth Brandau operating pursuant to an exemption provided for in Commodity Exchange Act section 4m whereby he did not hold himself out generally to the public as a CTA and he had not furnished commodity trading advice to more than 15 persons during the course of the last 12 months. Beginning February 2021, the Advisor, Agile Investment Management LLC., began managing client accounts and the trading results are the composite actual performance. Performance of client accounts is compiled by NAV Consulting. Returns experienced by an individual investor may differ from those presented depending on the notional exposures in the investor's account and the timing of the investment and redemptions.

1) Past results are not necessarily indicative of future results, 2) All trading results are actual and independently verified by NAV Consulting, Inc., 3) Pro Forma management fee is 1% per annum calculated monthly, based on month end equity before incentive fee, 4) Pro Forma incentive fee is 20% quarterly.
YearJanFebMarAprMayJunJulAugSepOctNovDecROR* (YTD)Max DD
20250.58%-0.07%0.65%-2.98%-0.02%2.45%0.44%1.41%0.55%0.60%1.62%5.23%-2.99%
20241.14%0.84%0.84%1.09%0.72%0.63%0.77%-4.07%1.80%-0.34%3.61%2.54%9.57%-4.07%
20231.49%0.48%1.07%0.30%0.61%0.50%0.49%2.19%-2.26%2.57%0.83%0.37%8.64%-2.26%
2022-3.20%-1.21%-1.67%-4.22%13.38%-0.01%1.89%0.07%-3.48%3.25%1.45%2.13%8.38%-9.94%
20212.83%0.76%6.69%-0.41%1.31%2.46%1.91%2.00%-0.64%3.56%-1.65%7.36%26.18%-1.65%
* ROR is non-compounded (sum of monthly returns).

Track Record Compiled By: NAV Consulting

Accounting Notes: 1. Past results are not necessarily indicative of future results, 2. All trading results are actual and independently verified by NAV Consulting, Inc., 3. Pro Forma management fee is 1% p.a. calculated monthly, based on month end equity before incentive fee, 4. Pro Forma incentive fee is 20% quarterly.

Annual Performance Summary

Year Yearly Return Max Drawdown Year-End AUM
20255.77%-2.99%$254,059
20249.79%-4.07%$153,804
20238.91%-2.26%$1,003,714
20227.49%-9.94%$306,395
202129.05%-1.65%$76,502
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.
Monthly Performance trading results are actual and independently verified by NAV Consulting, Inc. Pro Forma results are adjusted for a 1% Mgt Fee calculated monthly and Pro Forma 20% quarterly incentive fee. See accounting notes on page 2 for more details. The performance from September 2020 to January 2021 represents the trading results for an account traded pursuant to a Trading Authorization Power of Attorney provided to the Advisor's sole trading principal Kenneth Brandau operating pursuant to an exemption provided for in Commodity Exchange Act section 4m whereby he did not hold himself out generally to the public as a CTA and he had not furnished commodity trading advice to more than 15 persons during the course of the last 12 months. Beginning February 2021, the Advisor, Agile Investment Management LLC., began managing client accounts and the trading results are the composite actual performance. Performance of client accounts is compiled by NAV Consulting. Returns experienced by an individual investor may differ from those presented depending on the notional exposures in the investor's account and the timing of the investment and redemptions.

1) Past results are not necessarily indicative of future results, 2) All trading results are actual and independently verified by NAV Consulting, Inc., 3) Pro Forma management fee is 1% per annum calculated monthly, based on month end equity before incentive fee, 4) Pro Forma incentive fee is 20% quarterly.
Year Yearly Return Max DD
20255.77%-2.99%
20249.79%-4.07%
20238.91%-2.26%
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:

1. Past results are not necessarily indicative of future results, 2. All trading results are actual and independently verified by NAV Consulting, Inc., 3. Pro Forma management fee is 1% p.a. calculated monthly, based on month end equity before incentive fee, 4. Pro Forma incentive fee is 20% quarterly.

++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

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.