Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
The Macro Monitor trading program is a discretionary managed futures strategy with a primary focus on the FX Futures and US Treasury markets. The trading principal, David Zelinski, has gained extensive knowledge of these markets throughout his career. He began his career at a regional broker-dealer in Memphis, TN in the early 2000s before leaving to join Nesvick Trading Group to focus primarily on agricultural markets. However, his analysis on agricultural markets has always relied heavily on analyzing the trade impacts of changing FX Futures and interest rates, and it is this analysis and expertise that he brings to the Macro Monitor trading program.
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David Zelinski is Chairman of the Advisor and is primarily responsible for the trading decisions of the Advisor. Mr. Zelinski is an individual registered the CFTC as an Associated Person of Nesvick Trading Group, LLC (an introducing broker) and is a member of the NFA in such capacity. As an Associated Person of Nesvick Trading Group, Mr. Zelinski handles the commodity futures trading for various customers on a discretionary basis. In such capacity, Mr. Zelinski holds responsibility for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business he conducted. On March 1, 2005, the application of Mr. Zelinski with the NFA to become an Associated Person of Refco, LLC (a registered FCM) became effective. Refco LLC was later acquired by Man Financial Inc (a registered FCM), and Mr. Zelinski's Associated Person status with Man Financial Inc became effective November 28, 2005. Mr. Zelinski became a Branch Manager with Man Financial Inc on March 20, 2007. Man Financial Inc was later renamed to MF Global, Inc (a registered FCM), and Mr. Zelinski's registration as an Associated Person and Branch Manager was rolled to MF Global Inc effective January 1, 2008. As an Associated Person of Refco, LLC, Man Financial Inc, and MF Global Inc, Mr. Zelinski handled customer service duties for various commodity customer accounts and in his capacity as a branch manager (where applicable) Mr. Zelinski also was responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business. Mr. Zelinski's registration as an Associated Person and Branch Manager of MF Global Inc was withdrawn August 1, 2008. On October 24, 2005, the application of Mr. Zelinski with the NFA to become an Associated Person of Nesvick Trading Group, LLC (a registered IB) became effective. Mr. Zelinski became a Branch Manager of Nesvick Trading Group on May 30, 2008. Mr. Zelinski's Branch Manager status was withdrawn on May 13, 2009. Mr. Zelinski became a Listed Principal of Nesvick Trading Group on May 21, 2009. As an Associated Person, Mr. Zelinski handled research and analysis for various commodity customers. As Branch Manager and later Listed Principal, Mr. Zelinski was responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business. Mr. Zelinski's status as Listed Principal of Nesvick Trading Group was withdrawn on January 24, 2011. On January 13, 2011, Mr. Zelinski became a Listed Principal of the Advisor. On January 20, 2011, the application of Mr. Zelinski to become an Associated Person of the Advisor became effective. As an Associated Person and Listed Principal, Mr. Zelinski is responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the business conducted by the Advisor. Mr. Zelinski is also responsible for the trading decisions of the advisor.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -1.56% | 6.84% | -0.60% | 15.51% | -10.16% | -6.09% | 1.88% | -15.63% | ||||||
| 2024 | -5.07% | -7.05% | -5.98% | -0.82% | -0.82% | -4.44% | -0.18% | 4.89% | 2.14% | 0.53% | -4.86% | -9.46% | -27.78% | -27.78% |
| 2023 | 4.12% | 2.87% | 0.44% | -6.66% | -2.59% | -1.21% | 5.55% | 4.85% | 0.44% | 3.19% | -6.08% | 1.32% | 5.47% | -10.18% |
| 2022 | 2.94% | 6.18% | 0.39% | 11.63% | 2.11% | 3.68% | 2.54% | 4.18% | -0.65% | 0.50% | -1.61% | 0.98% | 37.42% | -1.76% |
| 2021 | -9.95% | 13.56% | 5.32% | -1.91% | 2.85% | -6.08% | -10.16% | 2.88% | 14.63% | -0.21% | -0.21% | 3.61% | 11.55% | -15.62% |
Track Record Compiled By: In-house
Accounting Notes: Pro-Forma Client Performance Adjusted for a 2% management fee and a 20% incentive fee. Client Accounts traded from Apr 2017 through Aug 2018 and then again starting in Dec 2000.
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2025 | 3.80% | -15.63% | $8,426,288 |
| 2024 | -27.78% | -27.78% | $17,346,529 |
| 2023 | 5.47% | -10.18% | $11,198,309 |
| 2022 | 37.42% | -1.76% | $4,744,605 |
| 2021 | 11.55% | -15.62% | $1,000 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2025 | 3.80% | -15.63% |
| 2024 | -27.78% | -27.78% |
| 2023 | 5.47% | -10.18% |
Accounting Notes:
Pro-Forma Client Performance Adjusted for a 2% management fee and a 20% incentive fee. Client Accounts traded from Apr 2017 through Aug 2018 and then again starting in Dec 2000.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.