Capital Trading Group CTA Database

Opus Futures, LLC - Advanced Ag

Principal(s): David Zelinski and Brian Leith
Strategy: Fundamental / Grains & Oilseeds
Request a Stat Report & Disclosure Document

Statistics & Program Information

Dec Return -2.32%	Worst Drawdown ⁽²⁾ -50.62%	Minimum Investment $200,000
YTD Return 12.40%	Losing Streak ⁽³⁾ -2.51 %	AUM⁽⁵⁾ $326,163,978
Annual CROR:¹ 10.86%	Sharpe Ratio ⁽⁴⁾ 0.48	Calmar Ratio ⁽⁶⁾ 2.18

Trading Methodology 100% Discretionary	Style Sub-Categories Fundamental	Trading Style 100% Fundamental
Market Sector 80% Agriculturals 20% Meats	Holding Period 20% Long Term 70% Medium Term 10% Short Term	Geographic Sector: US Contracts: Futures Options

Start Date Mar-2011	Currency US Dollar	Margin ⁽⁷⁾ 3-20%
New Money Yes	AUM ⁽⁵⁾ $326,163,978	Management Fee 2.00%
Min Investment $200,000	Annual CROR ¹ 10.86%	Incentive Fee 20.00%
Fund Minimum $0	Losing Streak ⁽³⁾ -2.51 %	Other Fees None
Notional Funds Yes	Worst Drawdown ⁽²⁾ -50.62 %	Avg Comm ⁽⁸⁾ $7.00
NFA Member Yes	Sharpe Ratio ⁽⁴⁾ 0.48	Max Comm ⁽⁹⁾
NFA Number 0427604	Calmar Ratio ⁽⁶⁾ 2.18	Round Turns ⁽¹⁰⁾ 1,054

Starting Date: Mar-2011	Currency: US Dollar
Open to New Investors: Yes	Current Assets: $326,163,978
Open to US Investors: Yes	Annual CROR: 10.86%
Minimum Fund Investment: $0	Worst Monthly Drawdown: -50.62
Minimum Managed Account: $200,000	Current Losing Streak: -2.51 %
Domocile:	Calmar: 2.18
Subscriptions: N/A	Sharpe Ratio: 0.48
Redemptions: N/A	US Attorney: Not Listed
Lock Up: N/A	Offshore Attorney: Not Listed
Hurdle Rate: N/A	Administrator: Not Listed
Administraton Fee: 0.00%	Prime Broker: Not Listed
Management Fee: 2.00%	Auditor: Not Listed
Incentive Fee: 20.00%	NFA Member: Yes
Selling Fee: 3.00%	FINRA Member: No
Other Fees: None	Other Memberships:

Type of Fund:	Domicile:	Strategy:

Track Record Prepared By: In-house

Correlations: AG CTA Index: 0.125 AG Discretionary CTA Index: 0.426

Trading Description, Risk Strategy & Background

Trading Description

Opus trades futures on a wide range of markets, including agriculture, finance, energy, and others. The program' s primary focus is in agricultural commodities, and specifically grains and oilseeds. Mr. Zelinski has gained a thorough knowledge of these markets while working with Nesvick Trading Group as the primary research analyst for grain and oilseed markets. Mr. Zelinski has traveled around the country to study crop development, as well as to gain a knowledge of US cash grain and oilseed markets. Mr. Zelinski's fundamental analysis also includes forecasting US and world supply and demand tables, monitoring of US and world weather, studying domestic and international freight values, and tracking underlying cash values associated with agricultural futures markets.

Mr. Zelinski also closely monitors developments in world currency values and political events that can have an influence on global trade flows. In addition to this analysis's influence on his agricultural trading strategies, Mr. Zelinski will also use this analysis in trading various currency, financial, metal, and energy contracts.

Risk Strategy

N/A

Background

David Zelinski is Chairman of the Advisor and is primarily responsible for the trading decisions of the Advisor. Mr. Zelinski is an individual registered the CFTC as an Associated Person of Nesvick Trading Group, LLC (an introducing broker) and is a member of the NFA in such capacity. As an Associated Person of Nesvick Trading Group, Mr. Zelinski handles the commodity futures trading for various customers on a discretionary basis. In such capacity, Mr. Zelinski holds responsibility for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business he conducted. On March 1, 2005, the application of Mr. Zelinski with the NFA to become an Associated Person of Refco, LLC (a registered FCM) became effective. Refco LLC was later acquired by Man Financial Inc (a registered FCM), and Mr. Zelinski's Associated Person status with Man Financial Inc became effective November 28, 2005. Mr. Zelinski became a Branch Manager with Man Financial Inc on March 20, 2007. Man Financial Inc was later renamed to MF Global, Inc (a registered FCM), and Mr. Zelinski's registration as an Associated Person and Branch Manager was rolled to MF Global Inc effective January 1, 2008. As an Associated Person of Refco, LLC, Man Financial Inc, and MF Global Inc, Mr. Zelinski handled customer service duties for various commodity customer accounts and in his capacity as a branch manager (where applicable) Mr. Zelinski also was responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business. Mr. Zelinski's registration as an Associated Person and Branch Manager of MF Global Inc was withdrawn August 1, 2008. On October 24, 2005, the application of Mr. Zelinski with the NFA to become an Associated Person of Nesvick Trading Group, LLC (a registered IB) became effective. Mr. Zelinski became a Branch Manager of Nesvick Trading Group on May 30, 2008. Mr. Zelinski's Branch Manager status was withdrawn on May 13, 2009. Mr. Zelinski became a Listed Principal of Nesvick Trading Group on May 21, 2009. As an Associated Person, Mr. Zelinski handled research and analysis for various commodity customers. As Branch Manager and later Listed Principal, Mr. Zelinski was responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the commodity futures business. Mr. Zelinski's status as Listed Principal of Nesvick Trading Group was withdrawn on January 24, 2011. On January 13, 2011, Mr. Zelinski became a Listed Principal of the Advisor. On January 20, 2011, the application of Mr. Zelinski to become an Associated Person of the Advisor became effective. As an Associated Person and Listed Principal, Mr. Zelinski is responsible for supervision and compliance with NFA Rules and other laws and regulations pertinent to the business conducted by the Advisor. Mr. Zelinski is also responsible for the trading decisions of the advisor.

Monthly Performance Since March 2011

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	6.16%	6.07%	-1.15%	2.04%	-5.44%	0.99%	4.09%	2.12%	-5.15%	4.41%	0.78%	-2.32%	12.4%	-5.44%
2023	1.14%	1.02%	-0.72%	4.86%	3.42%	2.87%	-1.37%	2.64%	1.42%	-0.96%	-1.36%	0.65%	14.24%	-2.31%
2022	2.22%	4.71%	1.96%	0.78%	0.77%	-1.52%	3.02%	-2.70%	2.79%	0.45%	-4.13%	0.60%	8.95%	-4.13%
2021	1.31%	5.19%	0.75%	8.39%	2.77%	1.56%	-6.36%	5.24%	1.54%	0.35%	5.00%	-2.56%	24.79%	-6.36%
2020	1.50%	3.68%	-1.01%	5.78%	0.49%	1.73%	6.50%	2.80%	6.73%	3.43%	6.16%	8.78%	57.22%	-1.01%
2019	-1.63%	-3.81%	-0.78%	0.17%	-0.52%	-10.99%	-1.84%	0.88%	1.64%	1.88%	-6.39%	-0.48%	-20.45%	-20.45%
2018	-0.78%	3.90%	7.87%	-2.89%	-3.03%	-7.52%	2.50%	9.09%	-0.30%	1.60%	-2.15%	-3.12%	3.98%	-12.91%
2017	4.91%	-1.73%	3.47%	2.39%	-4.82%	18.00%	4.86%	3.16%	0.42%	0.92%	-1.11%	-0.20%	32.72%	-4.82%
2016	-6.32%	6.93%	-7.02%	-0.45%	6.36%	9.28%	-10.38%	-7.93%	-0.82%	-3.64%	-5.72%	4.64%	-16.16%	-25.65%
2015	13.00%	-13.36%	7.98%	5.50%	10.28%	-2.83%	5.14%	3.01%	0.15%	-1.30%	-9.05%	10.36%	28.43%	-13.36%
2014	2.19%	-6.90%	-8.25%	-1.70%	-13.66%	4.00%	13.60%	10.61%	2.65%	-21.04%	0.03%	4.37%	-18.08%	-27.5%
2013	-3.26%	10.58%	2.50%	1.89%	-10.92%	4.88%	7.43%	4.23%	13.90%	4.24%	3.60%	4.71%	50.53%	-10.92%
2012	-3.20%	-3.17%	5.56%	22.44%	-25.35%	33.54%	33.95%	12.11%	-12.28%	0.54%	1.33%	3.53%	67.79%	-25.35%
2011			5.65%	-5.67%	-6.54%	-31.28%	-1.75%	-3.16%	-14.33%	1.73%	24.56%	-6.19%	-37.98%	-50.62%

Annual Performance

Years	2011	2012	2013	2014	2015	2016
ROR	-37.98%	67.79%	50.53%	-18.08%	28.43%	-16.16%
Max DD	-50.62%	-25.35%	-10.92%	-27.50%	-13.36%	-25.65%

Years	2017	2018	2019	2020	2021	2022
ROR	32.72%	3.98%	-20.45%	57.22%	24.79%	8.95%
Max DD	-4.82%	-12.91%	-20.45%	-1.01%	-6.36%	-4.13%

Years	2023	2024
ROR	14.24%	12.40%
Max DD	-2.31%	-5.44%

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

VAMI, Assets under Management & Worst Drawdown

Chart

Monthly Returns

Chart

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND/OR FOREIGN EXCHANGE ('FOREX') IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.

Footnotes & Definitions:

P - Proprietary Trading Results
C - Client Trading Results
Fixed Trade Level: The programs trades a fixed number of contracts in a nominal account regardless of the account value.

Rates of Return: The Annual Compound Rate of Return ("Annual CROR") represents the compounded rate of return or 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. Annual CROR is not applicable to CTAs that sum their monthly returns.
Worst Peak-to-Valley Drawdown: The Worst Peak-to-Valley Drawdown ("Worst Drawdown") is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value.
Start & End Dates: Indicates the Start and End Dates of the Worst Peak-to-Valley Drawdown.
Current Losing Streak: The Current Losing Streak ("Losing Streak") represents the extent of the Advisor's current drawdown.
Annualzied Standard Deviation: Annualized Standard Deviation is one way to look at consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return.
Downside Deviation: Downside Deviation is a measure of downside volatility. It only considers those monthly performance results that are less than the monthly Minimum Acceptable Rate of Return.
Sharpe Ratio: Sharpe Ratio is a risk-adjusted ratio that rewards consistency of returns. Traders are penalized for volatility regardless of whether it is on the up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return.
Sortino Ratio: Sortino Ratio is a risk-adjusted ratio. The higher the number the better. Results are dependent upon the Minimum Acceptable Rate of Return (currently set at 5%.
Sterling Ratio: Sterling Ratio is a risk-adjusted return measurement calculated by dividing the Annualized Compound ROR by the Average Yearly Maximum Drawdown less an arbitrary 10%. The Sterling Ratio is normally calculated using the last 36 months of data.
Calmar Ratio: Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A.
Omega Function: The Omega Function accounts for the non-normal distributions of returns and takes into account the investor's preferences for loss and gain. Omega is computed directly from the returns distribution and measures the total impact of the moments instead of each one of them individually.
Minimum Investment: Minimum Investment represents the minimum account size.
Assets Under Management: Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.
Number of Winning Months: Number of Winning Months represents the months with positive return.
Number of Losing Months: Number of Losing Months represents the months with negative return.
Percentage of Winning Months: Percentage of Winning Months represents the % of winning months.
Margin to Equity: Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.
Round Turns per Million: Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.
Average Commission: The Average Commission ("Avg Comm") represents the average commission rate of the composite track record. A higher or lower commission rate would increase or decrease the performance accordingly.
Maximum Commisions: Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS