Statistical Analysis Report

Parizek Capital Inc. - Futures Trading Program

Trading Strategy: Systematic LT Trend Following

Performance Since January 2020 | Track Record Compiled By: Futures Accounting & Compliance | Please See Accounting Notes

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2025	-0.05%	0.48%	1.21%	-0.31%	-4.30%	2.61%	–	–	–	–	–	–	-0.50%	-4.60%
2024	-2.73%	9.95%	9.75%	4.66%	-6.27%	-0.58%	0.49%	0.92%	0.56%	-5.35%	2.77%	-0.41%	13.09%	-10.05%
2023	-0.67%	-2.47%	-2.92%	-1.69%	2.99%	-3.77%	0.90%	-4.23%	1.96%	6.89%	1.78%	2.10%	0.28%	-11.45%
2022	4.20%	8.49%	6.50%	8.13%	-4.68%	2.86%	-5.53%	-2.79%	2.86%	-3.34%	0.99%	-1.04%	16.47%	-10.53%
2021	2.57%	5.35%	-2.36%	7.98%	-1.99%	-2.50%	-1.87%	-3.03%	0.47%	2.66%	-1.71%	-4.74%	0.05%	-12.18%
2020	-3.34%	4.39%	2.74%	-4.65%	0.36%	-3.68%	2.79%	2.50%	-0.11%	3.99%	0.22%	7.23%	12.38%	-7.83%

Program Description: The Futures Trading Program is a proprietary systematic long-term trend following system developed by Scot Lowry. Mr. Lowry converted his knowledge and research of the markets into a mechanical trading approach. The Program looks for specific turning points which signal new trends, and attempts to enter trades earlier than most long-term technical systems. The Program is 99% mechanical, based on technical data, using price information to signal entry and exit points. The only discretion used is to add or delete markets traded due to liquidity issues. The Futures Trading Program trades on-exchange futures and currencies in Asia, Europe and the United States. It also trades Metal Contracts on the LME exchange in London. The Futures Trading Program employs its own built in risk management procedures to limit risk to individual trades and provide overall portfolio protection.

Program Statistics
Peak-to-Valley Drawdown (2)	-48.27%
From Jan 2011 to Sep 2017
Worst Month (Oct 2011)	-15.05%
Current Losing Streak	-11.51%
Average Monthly Return	0.57%

Annualized Performance
Compound ROR (1)	4.9%
Standard Deviation	20.46%
Sharpe Ratio	0.31
Sterling Ratio	0.05
Calmar Ratio (3)	0.05

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	Apr-2000
Currency Denomination	US Dollars
Minimum Investment	$1,000,000
Management Fee	2.00%
Incentive Fee	20.00%
Margin	18%
Round Turns per Million	1,500
NFA No:	#0371845

Trading Methodology

95% Systematic
5% Discretionary

Trading Style

90% Trend Following
10% Contrarian

Market Segment

13% Stock Indices
13% Currencies
15% Financials
15% Metals
7% Energies
15% Agriculturals
7% Meats
15% Softs

Statistical Comparisons	Parizek Capital Futures Trading Program	S&P 500 SP 500 TR	AutumnGold AG CTA Index

Annualized Compound ROR (1)	7.36%	14.37%	4.60%
Cumulative Return	47.78%	109.27%	28.08%
Cumulative VAMI(7)	1,478	2,093	1,281
Best Monthly Return	9.95%	12.82%	2.99%
Worst Monthly Return	-6.27%	-12.35%	-1.27%
Annual Standard Deviation	13.73%	17.87%	3.31%
Profit Loss Ratio	1.53	1.80	3.08
Correlation	—	-0.23	0.51
Last Month	2.61%	5.09%	0.14%
Last 12 Months	-1.70%	15.18%	-0.99%
Last 24 Months	23.16%	43.45%	4.60%
Last 36 Months	2.98%	71.56%	7.02%

Growth of $1,000 VAMI Comparison

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

Accounting Notes
The performance listed is based on the performance of an exempt pool (L&E Investment Group, L.P. is an exempt pool under CFTC rule 4.13). This pool trades in Futures Program that was created and operated by Scot Lowry. The capsule shows only the performance of the Futures Program. The account was funded with an initial amount of $210,000 actual and $290,000 of notional funds ($500,000 nominal). In November 2001 when the actual funds reached 393,000 an additional notional amount was added of $250,000 bringing the total account to approximately 933,000 (at that point). On January 1, 2004 $360,000 of notional funding was added, bringing the total notional funding to $900,000. On August 1, 2008 the notional funding was reduced by $300,000 bringing the total notional funding level to $600,000.

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 Jun-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]