GT Capital CTA
GT Dynamic Trading Program
Report Start Date: Jun-2009 | End Date: Aug-2025
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Current Return: +0.56%
YTD Return: +15.79%
Annualized Return: -0.08%
AUM: $ 149,000
Trading Strategy

Fundamental / Technical / Diversified

Program Description

The program employs a proprietary trading technique in which fundamental factors, such as market psychology, and technical indicators are combined in an attempt to forecast market direction. The Advisor looks to enter markets which appear to be overbought or oversold and exploit these conditions by taking the appropriate side in the market. In determining which direction of the market to trade, the Advisor uses technical indicators such as Elliot Wave counts, Fibonacci retracements, moving averages, and stochastics to determine appropriate entry and exit levels. For instance, if a market appears to be in a bearish trend, the Advisor waits until all of the program's indicators show the market as being oversold and that a trend reversal is likely to occur before placing an order to go long in the market.

Program Statistics
Peak-to-Valley Drawdown (2) -44.16%
    From Apr 2014 to Jan 2020
Worst Month (Nov 2014) -12.73%
Current Losing Streak -32.28%
Average Monthly Return 0.07%
Monthly Std. Deviation 3.89%
Gain Deviation (110 months) 2.86%
Loss Deviation (85 months) 2.71%
Gain to Loss Ratio 0.81
Omega Ratio (5% Threshold) 0.77
Annualized Performance
Compound ROR (1) -0.08%
Standard Deviation13.48%
Downside Deviation9.25%
Sharpe Ratio (3) 2% RF ROR 0.03
Sortino Ratio (4) 5% MAR -0.01
Calmar Ratio (5)-0.14
Sterling Ratio (6) -0.19
Gain Deviation9.9%
Loss Deviation9.4%
Profit Loss Ratio1.05
Investment Information
Program Start Date Jun-2009
Percent Discretionary 100%
Currency Denomination - US Dollar
Minimum Investment $150,000
Management Fee 2.00%
Incentive Fee 0.00
Margin 0.2
Round Turns per Million 3,700
NFA No: #0410680
Performance Since June 2009 | Track Record Compiled By: Michael Doherty | Please See Accounting Notes
JanFebMarAprMayJunJulAugSepOctNovDecROR Max DD
20250.74%2.99%3.62%4.89%0.20%0.87%1.03%0.56%––––15.79%0.00%
20241.01%-1.98%1.00%-0.96%-1.50%-1.49%1.96%-0.17%-1.71%0.56%0.61%-0.53%-3.24%-4.86%
2023-6.73%1.37%-4.03%0.21%-7.38%-6.19%-4.45%0.70%0.31%-0.23%1.04%-1.72%-24.45%-24.51%
20223.61%0.99%0.14%1.83%1.95%1.58%-4.00%2.90%1.92%-4.80%5.91%2.02%14.44%-4.80%
2021-3.16%2.75%5.37%-3.65%0.53%-0.27%0.06%1.14%0.09%-0.29%2.46%-3.54%1.10%-3.65%
2020-6.62%3.44%15.17%1.85%4.13%3.60%-2.82%-7.32%5.89%-1.92%-1.61%2.79%15.63%-9.93%
20194.65%2.30%-5.39%0.00%0.41%-0.61%-0.83%2.23%1.08%1.42%-1.39%-1.50%2.04%-6.37%
2018-10.87%5.66%-5.08%7.07%3.51%-1.90%0.23%-4.48%-2.22%10.72%-0.45%-8.38%-8.13%-10.87%
2017-7.00%-6.28%0.29%0.07%-1.91%0.55%-6.43%4.57%-0.96%-4.64%-1.64%0.27%-21.37%-21.58%
2016-3.79%6.97%-0.15%-5.86%1.36%-0.29%-1.32%0.16%-1.14%-2.47%2.65%-1.41%-5.71%-9.47%
20153.59%-0.27%0.53%1.53%-1.71%2.02%0.88%2.34%-1.10%-2.76%-0.13%2.26%7.22%-3.95%
20144.07%0.61%0.62%2.24%-1.83%-5.18%-1.36%0.61%-0.54%4.87%-12.73%-4.57%-13.56%-19.75%
2013-1.92%3.24%0.04%6.02%1.56%0.27%-0.04%-0.03%-6.89%-1.17%-1.13%2.21%1.63%-9.08%
2012-3.30%-3.56%-0.71%1.07%1.70%2.48%-5.48%0.32%-0.43%0.03%0.66%0.43%-6.88%-7.91%
20111.26%-6.61%11.70%-8.69%18.18%2.39%-0.55%1.58%2.96%2.85%-0.17%-0.02%24.62%-8.69%
20101.67%2.13%-4.57%-3.09%5.92%2.48%1.04%-0.04%1.29%-4.74%-3.02%0.97%-0.53%-7.62%
2009–––––2.32%0.81%1.62%4.29%0.52%3.44%1.51%15.38%0.00%
   Monthly Return and $1,000 VAMI

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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
GT Capital CTA
GT Dynamic Trading Program
Report Start Date: Jun-2009 | End Date: Aug-2025
Print to PDF
Time Window Analysis
Length Best Average Worst
1 mo 18.2% 0.1% -12.7%
3 mo 22.1% 0.1% -17%
6 mo 29.4% 0.1% -21%
12 mo 25.8% -0.5% -24.6%
18 mo 29.3% -1.4% -31.5%
24 mo 30.9% -1.9% -35.5%
36 mo 36.3% -3.5% -33%
Drawdowns and Recoveries
Start End Drawdown Recovery
May-14n/a-44.16%67 mo
Oct-10May-11-11.79%3 mo
Jul-13Apr-14-9.08%5 mo
Nov-11May-13-8.84%4 mo
Mar-10Jun-10-7.52%2 mo
Jul-11Aug-11-0.55%1 mo
Drawdown Periods Since Jun 2009
Distribution of Monthly Returns
Statistical Comparisons GT Capital CTA
GT Dynamic Trading Program		 AutumnGold
AG CTA Index
Remove		 S&P 500
SP 500 TR
Remove
Annualized Compound ROR (1)-0.08%2.55%14.91%
Cumulative Return-1.27%50.51%856.35%
Cumulative VAMI(7)9871,5059,563
Best Monthly Return18.18%4.14%12.82%
Worst Monthly Return-12.73%-5.53%-12.35%
Annual Standard Deviation13.48%4.38%14.41%
Profit Loss Ratio1.051.602.12
Correlation—-0.29-0.29
Last Month0.56%0.21%2.03%
Last 12 Months14.54%0.07%15.89%
Last 36 Months-11.26%7.33%70.82%
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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
GT Capital CTA
GT Dynamic Trading Program
Report Start Date: Jun-2009 | End Date: Aug-2025
Print to PDF
Accounting Notes

Pro-forma adjustments were made to demonstrate the rates of return that would
have been achieved if the Advisor's maximum current fee structure was in effect.

Other Fees

$20 Monthly Accounting 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 Monday December 8, 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 Jun-2009 and Aug-2025
3. Sharpe Ratio is calculated using a Risk-Free ROR
4. Sortino Ratio is calculated using a Minimum Acceptable ROR
5. Calmar Ratio uses the last 36 months of data
6. Sterling Ratio uses the last 36 months of data
7. VAMI = Hypothetical growth of $1,000
8. Drawdown/recovery: start = first loss, recovery = full return to prior peak

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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
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