Performance Since January 2020 | Please See Accounting Notes
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ROR*
Max DD
2025
-0.44%
-1.14%
1.76%
1.78%
1.73%
-1.04%
1.15%
2.32%
-2.67%
2.23%
–
–
5.68%
-2.67%
2024
-0.22%
-0.46%
-0.94%
-0.51%
-0.45%
-0.77%
0.13%
0.56%
-0.28%
0.60%
-0.17%
-1.35%
-3.86%
-3.81%
2023
-2.36%
-1.22%
1.75%
0.18%
-0.15%
-1.88%
-0.68%
-1.49%
0.82%
-2.73%
0.97%
-1.47%
-8.26%
-8.06%
2022
1.85%
-0.13%
1.66%
2.79%
-1.74%
1.15%
-1.69%
-2.20%
-0.28%
5.56%
-1.02%
1.61%
7.56%
-4.71%
2021
3.05%
0.42%
-0.31%
1.43%
-0.95%
0.09%
2.23%
-0.38%
1.25%
0.57%
-3.15%
1.65%
5.90%
-3.15%
2020
4.20%
0.13%
-0.61%
-0.29%
-2.33%
4.92%
-3.81%
0.01%
-0.42%
0.96%
-0.47%
-0.94%
1.35%
-4.64%
* ROR is non-compounded (sum of monthly returns).
Program Description: The Private Client Institutional Program seeks to deliver high absolute returns by applying intraday momentum and reversal strategies to the S&P 500 e-mini futures market. It utilizes short term, systematic technical models to capitalize on directional moves in the equity futures markets.
Program Statistics
Peak-to-Valley Drawdown (2)
-12.95%
From Dec 2022 to Feb 2025
Worst Month (Jul 2020)
-3.81%
Current Losing Streak
-6.53%
Average Monthly Return
0.2%
Annualized Performance
Compound ROR (1)
2.32%
Standard Deviation
5.37%
Sharpe Ratio
0.38
Sterling Ratio
-0.13
Calmar Ratio (3)
-0.16
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. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Jan-2020 - Report End Date: Oct-2025 Print to PDF
Investment Information
Program Start Date
Jan-2014
Currency Denomination
US Dollar
Minimum Investment
$250,000
Management Fee
2.00%
Incentive Fee
20.00%
Margin
20%
Round Turns per Million
4,800
NFA No:
#0442937
Trading Methodology
100% Systematic
Trading Style
75% Trend Following 25% Contrarian
Market Segment
72% Stock Indices 28% Financials
Statistical Comparisons
R Best, LLC Private Client Institutional Program
S&P 500 SP 500 TR
AutumnGold AG CTA Index
Annualized Compound ROR (1)
1.26%
15.48%
4.96%
Cumulative Return
7.55%
131.57%
32.64%
Cumulative VAMI(7)
1,075
2,316
1,326
Best Monthly Return
5.56%
12.82%
2.99%
Worst Monthly Return
-3.81%
-12.35%
-1.27%
Annual Standard Deviation
6.18%
17.39%
3.28%
Profit Loss Ratio
1.19
1.90
3.37
Correlation
—
-0.09
-0.08
Last Month
2.23%
2.34%
1.14%
Last 12 Months
4.08%
21.46%
3.46%
Last 24 Months
1.13%
67.63%
8.99%
Last 36 Months
-6.00%
84.63%
9.73%
Growth of $1,000 VAMI Comparison
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. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Jan-2020 - Report End Date: Oct-2025 Print to PDF
Accounting Notes
When calculating the yearly rate of return the Advisor resets the nominal value at the beginning of each month and as a result the yearly return is computed as an addition of all months and is not compounded.
Performance through May�19 is inclusive of both the S&P emini and the Ten-Year treasury futures markets. Performance since is exclusively the S&P emini. Between February 1, 2010 and June 30, 2019 R Best served as a trade manager for Hehmeyer Capital Management, LLC (formerly Kottke Associates, LLC). Hehmeyer Capital Management, LLC was the CTA of record for the Hehmeyer Systematic Treasury and Equity program and is a separate entity from the Advisor. R Best, LLC acted exclusively as its trade manager . Since July 1, 2019 R Best, LLC has acted as CTA of record for the Private Client institutional Program (formerly Hehmeyer Systematic Treasury and Equity program). R Best Private Client Institutional Returns are based on trading of customer accounts. This in-cludes $500k of proprietary funds through Jul’20. No material difference was made to perfor-mance as a result of these proprietary funds being included or subtracted. Performance through May’19 is inclusive of both the S&P emini and the Ten-Year treasury futures markets. Performance since is exclusively the S&P emini.
An Important Note on the Start Date and End Date of this Report
If the Start Date of this Report Predates the Inception of the Program, the Maximum Drawdown from Inception may be larger than indicated in this report.
Performance Results reported or amended subsequent to Friday December 5, 2025 are not reflected in this Report. Monthly ROR and drawdowns are based on end-of-month values and do not reflect intramonth volatility.
Historical Drawdowns and Recoveries
The drawdown begins in the month listed as "start." Length is in months. Recovery begins the following month and ends when full recovery is reached.
Statistical Footnotes
1) The Annualized Compounded Rate of Return (ACROR) 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. It smooths out the returns by assuming a constant growth. 2) Peak to Valley Drawdown = worst % loss between Jan-2020 and Oct-2025 3) Calmar Ratio uses the last 36 months of data.
Benchmark Descriptions
AG CTA Index: The Autumn Gold CTA Index is a Non-Investable Index comprised of the client performance of all CTA programs included in the AG database and does not represent the complete universe of CTAs. CTA programs with proprietary performance are not included. Monthly numbers are updated until 45 days after the end of the month. Investors should note that it is not possible to invest in this index.
SP 500 TR: The S&P 500 indices are designed to reflect all sectors of the U.S. equity markets. The S&P 500 includes 500 blue chip, large cap stocks, which together represent about 75% of the total U.S. equities market. Companies eligible for addition to the S&P 500 have market capitalization of at least US$3.5 billion. The TR Index accounts for the reinvestment of dividends.
This report was prepared from trader-provided information and is believed to be reliable.
It should be read alongside each Trader’s Disclosure Document or Fund Offering Document.
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. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
