Autumn Gold Retail Report
Report Start Date: Jan-2025 - Report End Date: Oct-2025
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Buckingham Global Advisors, LLC - Energy Volatility Program EVP
Trading Strategy: ST / Systematic / Volatility Hedged / Energies
Performance Since January 2025 | Track Record Compiled By: Buckingham Global Advisors, LLC
JanFebMarAprMayJunJulAugSepOctNovDecROR Max DD
20251.28%1.49%1.51%0.94%1.35%0.17%1.70%2.91%2.83%2.02%––17.41%0.00%
Program Description: The Energy Volatility Program is a systematic Volatility hedged option program guided by a proprietary trading model developed to trade the CME/NYMEX Energy futures volatility and designed to anticipate when the market is in or about to enter a turbulent time. The Energy Volatility Program uses a proprietary options strategy, which includes options selling and options writing, to capitalize on the systematic entry signals produced by the program. Long option hedging is systematically designed to anticipate when the market is in or about to enter a turbulent time. While the hedging is intended to implement adequate risk measures, if an account does not meet the minimum account size requirement of $100,000 for this program, it is likely BGA will not be able to properly hedge or hedge at all in the account, thus exposing the account to large gains and losses compared to other accounts that were able to be hedged.

Program Statistics
Peak-to-Valley Drawdown (2) 0.00%
   From Start to End
Worst Month (Jun 2025) 0.17%
Current Losing Streak 0%
Average Monthly Return 1.62%
Annualized Performance
Compound ROR (1) 21.24%
Standard Deviation2.84%
Sharpe Ratio6.7
Sterling Ratio0
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]


Autumn Gold Retail Report
Report Start Date: Jan-2025 - Report End Date: Oct-2025
Print to PDF

Investment Information

Program Start Date Jan-2025
Currency Denomination US Dollar
Minimum Investment $100,000
Management Fee 2.00%
Incentive Fee 20.00%
Round Turns per Million 12,500
NFA No: #0487899
Trading Methodology
80% Systematic
20% Discretionary
Trading Style
50% Spread Trading
50% Option Trading
Market Segment
100% Energies
Statistical Comparisons Buckingham Global Adv.
Energy Volatility Program EVP		 S&P 500
SP 500 TR
Remove		 AutumnGold
AG CTA Index
Remove
Annualized Compound ROR (1)21.24%21.38%2.67%
Cumulative Return17.41%17.52%2.22%
Cumulative VAMI(7)1,1741,1751,022
Best Monthly Return2.91%6.29%1.88%
Worst Monthly Return0.17%-5.63%-0.99%
Annual Standard Deviation2.84%11.93%2.85%
Profit Loss RatioN/A3.212.17
Correlation—-0.020.58
Last Month2.02%2.34%1.14%
Last 12 Months17.41%21.46%3.46%
Last 24 Months17.41%67.63%8.99%
Last 36 Months17.41%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.

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]


Autumn Gold Retail Report
Report Start Date: Jan-2025 - Report End Date: Oct-2025
Print to PDF

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-2025 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.

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]