Statistical Analysis Report

AlphaTech Capital - Micro Short Term Futures

Trading Strategy: Systematic / Trend Following / Short-Term / Diversified

Investment Restrictions: 4.7 Exempt - QEPs Only

Performance Since February 2024 | Track Record Compiled By: CTA Services | Please See Accounting Notes

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2025	-2.32%	-1.77%	-0.97%	–	–	–	–	–	–	–	–	–	-4.98%	-4.98%
2024	–	3.12%	3.92%	-2.56%	-1.32%	-1.71%	-2.13%	2.58%	0.03%	-1.53%	1.71%	3.30%	5.23%	-7.50%

Program Description: The Micro Short-Term Futures program is a highly systematic and diversified approach to trading, utilizing the Market ProfileÂ® methodology to identify momentum trades across a portfolio of 16 futures markets. Our proprietary software employs time-variable data sets, studies, and dynamic risk management techniques to create a system with convexity that is effective in all market conditions. Additionally, we utilize artificial intelligence to ensure consistent execution without human bias. With an average trade holding period of 7 days, our system is able to identify opportunities beyond the reach of traditional CTAs. These unique characteristics enable us to provide diversifying attributes beyond the specific markets we trade.

Program Statistics
Peak-to-Valley Drawdown (2)	-7.50%
From Mar 2024 to Jul 2024
Worst Month (Apr 2024)	-2.56%
Current Losing Streak	-6.7%
Average Monthly Return	0.03%

Annualized Performance
Compound ROR (1)	-0.01%
Standard Deviation	8.22%
Sharpe Ratio	-0.01
Sterling Ratio	0
Calmar Ratio (3)	N/A

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.

Important Notes Regarding the CTA Universe: Traders are included in a market segment regardless of the percentage of their portfolio trades that particular segment. Choose the "Limit to NFA Members Only" option to see a report that includes only NFA Members. Some traders may have been eliminated from this report at the sole discretion of Autumn Gold. The Autumn Gold Universe of CTAs does not include all CTAs.

Statistial Notes: Compound ROR: The Annualized Compounded Rate of Return 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 smoothes out returns by assuming constant growth.
Maximum Drawdown: Represents the worst drawdown experienced by a CTA from Inception.
Risk Adjusted Statistics: Measure how much risk is involved in producing return. The Sharpe Ratio and Sortino Ratio are both risk adjusted measures.
Sharpe Ratio: Is calculated using a 2% Risk Free Rate of Return. Downside Deviation & Sortino Ratio: Are calculated using a 5% Minimum Acceptable Rate of Return.

2004 - 2025 AutumnGold | Crestview, FL | 719-685-6183 | [email protected]

Investment Information

Program Start Date	Feb-2024
Currency Denomination	US Dollar
Minimum Investment	$100,000
Management Fee	1.00%
Incentive Fee	10.00%
Margin	4-25 %
Round Turns per Million	450
NFA No:	#0550486

Trading Methodology

100% Systematic

Trading Style

100% Trend Following

Market Segment

Statistical Comparisons	AlphaTech Capital Micro Short Term Futures	S&P 500 SP 500 TR	AutumnGold AG CTA Index

Annualized Compound ROR (1)	-0.01%	15.00%	3.80%
Cumulative Return	-0.01%	17.71%	4.45%
Cumulative VAMI(7)	1,000	1,177	1,045
Best Monthly Return	3.92%	5.87%	2.17%
Worst Monthly Return	-2.56%	-5.63%	-1.17%
Annual Standard Deviation	8.22%	12.37%	3.25%
Profit Loss Ratio	1.02	2.20	2.47
Correlation	—	0.32	0.52
Last Month	-0.97%	-5.63%	0.12%
Last 12 Months	-6.70%	8.26%	0.42%
Last 24 Months	-0.01%	40.61%	8.64%
Last 36 Months	-0.01%	29.74%	8.83%

Growth of $1,000 VAMI Comparison

2004 - 2025 AutumnGold | Crestview, FL | 719-685-6183 | [email protected]

Accounting Notes
Pro-Forma performance adjusted for a 1% management and a 10% incentive fee.

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.

Qualified Eligible Persons: THIS PROGRAM IS ONLY OPEN TO INVESTORS FITTING THE DEFINITION OF A QUALIFIED ELIGIBLE PERSON AS THAT TERM IS DEFINED UNDER CFTC REGULATION 4.7(A). A Qualified Eligible Person must meet the following two requirements:

1. Must be an accredited investor (e.g., $1,000,000 net worth or $200,000 individual income / $300,000 joint income for 2 years).
2. Must meet a portfolio test (e.g., $4,000,000 in securities or $400,000 in required margin deposits).

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS INFORMATION IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC. THE CCFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS DOCUMENT.

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 Feb-2024 and Mar-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.

2004 - 2025 AutumnGold | Crestview, FL | 719-685-6183 | [email protected]