Statistical Analysis Report

Comhla LLC - Artemis System

Trading Strategy: Systematic / Swing System / Mini Stock Indices

Performance Since April 2025 | Track Record Compiled By: Compliance Supervisors

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2025	–	–	–	3.23%	4.32%	1.42%	1.20%	1.74%	2.34%	3.14%	–	–	18.70%	0.00%

Program Description: The Advisor will trade 4 Micro E-Mini S&P 500 futures contracts and 1 Micro E-Mini Nasdaq futures per $21,000. For each additional $7,000 in customer accounts, this will trigger a change in position sizing. Once the sizing of the micro contracts gets to the point where there is an equivalent e-mini contract, the Advisor will reduce the micro contracts and hold one full e-mini in its place.

Program Statistics
Peak-to-Valley Drawdown (2)	0.00%
From Start to End
Worst Month (Jul 2025)	1.20%
Current Losing Streak	0%
Average Monthly Return	2.48%

Annualized Performance
Compound ROR (1)	34.16%
Standard Deviation	3.93%
Sharpe Ratio	7.49
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	Oct-2023
Currency Denomination	US Dollar
Minimum Investment	$200,000
Management Fee	1.00%
Incentive Fee	20.00%
Round Turns per Million	1,100
NFA No:	#0547579

Trading Methodology

100% Systematic

Trading Style

100% Cycles

Market Segment

100% Stock Indices

Statistical Comparisons	Comhla LLC Artemis System	AutumnGold AG CTA Index	S&P 500 SP 500 TR

Annualized Compound ROR (1)	34.16%	4.11%	42.12%
Cumulative Return	18.70%	2.38%	22.76%
Cumulative VAMI(7)	1,187	1,024	1,228
Best Monthly Return	4.32%	1.88%	6.29%
Worst Monthly Return	1.20%	-0.99%	-0.68%
Annual Standard Deviation	3.93%	3.24%	7.89%
Profit Loss Ratio	N/A	2.86	31.82
Correlation	—	-0.23	0.14
Last Month	3.14%	1.14%	2.34%
Last 12 Months	18.70%	3.46%	21.46%
Last 24 Months	18.70%	8.99%	67.63%
Last 36 Months	18.70%	9.73%	84.63%

Growth of $1,000 VAMI Comparison

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

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 Apr-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.

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