Statistical Analysis Report

Opus Futures, LLC
Advanced Ag

Report Start Date: Mar-2011 | End Date: Mar-2026

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Set Risk Thresholds

Set Risk-Free ROR for the Sharpe Ratio: Set Minimum Acceptable ROR for the Sortino: Omega Threshold:

Current Return: -0.07%

YTD Return: -0.78%

Annualized Return: +8.99%

AUM: $ 156,111,504

Trading Strategy

Fundamental / Grains & Oilseeds

Program 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.

Program Statistics
Peak-to-Valley Drawdown (2)	-50.62%
From Mar 2011 to Sep 2011
Worst Month (Jun 2011)	-31.28%
Current Losing Streak	-14.26%
Average Monthly Return	1.01%
Monthly Std. Deviation	7.59%
Gain Deviation (108 months)	5.84%
Loss Deviation (73 months)	5.68%
Gain to Loss Ratio	1.01
Omega Ratio (5% Threshold)	1.27

Annualized Performance
Compound ROR (1)	8.99%
Standard Deviation	26.29%
Downside Deviation	16.58%
Sharpe Ratio (3) 2% RF ROR	0.44
Sortino Ratio (4) 5% MAR	0.52
Calmar Ratio (5)	0.21
Sterling Ratio (6)	0.21
Gain Deviation	20.24%
Loss Deviation	19.69%
Profit Loss Ratio	1.5

Investment Information
Program Start Date	Mar-2011
Percent Discretionary	100%
Currency Denomination - US Dollar
Minimum Investment	$200,000
Management Fee	2.00%
Incentive Fee	20.00%
Margin	3-20%
Round Turns per Million	1,054
NFA No:	#0427604

Performance Since March 2011 | Track Record Compiled By: In-house

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2026	-4.37%	3.83%	-0.07%	–	–	–	–	–	–	–	–	–	-0.78%	-4.37%
2025	-2.86%	2.04%	-0.94%	-0.51%	-1.12%	-0.09%	3.85%	-6.69%	2.01%	-2.92%	1.97%	-6.14%	-11.36%	-11.56%
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%	12.40%	-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%	-27.50%
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%	67.80%	-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%

Monthly Return and $1,000 VAMI

Risk Disclaimer

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. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.

Paragon Global Markets, LLC
14 Wall Street - Suite 1625 * New York, NY 10005
Office: 646-937-6118 Email: info@paragonglobalmarkets.com | Web Address: http://www.paragonglobalmarkets.com
© 1997 - 2026 AutumnGold.com LLC

Opus Futures, LLC
Advanced Ag

Report Start Date: Mar-2011 | End Date: Mar-2026

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Time Window Analysis

Length	Best	Average	Worst
1 mo	34%	1%	-31.3%
3 mo	100.5%	3%	-39.4%
6 mo	93.5%	6.7%	-50.6%
12 mo	91.5%	15.7%	-41.9%
18 mo	166.7%	24.8%	-21.6%
24 mo	172.1%	33.2%	-22.5%
36 mo	198.4%	48.2%	-11.8%

Drawdowns and Recoveries

Start	End	Drawdown	Recovery
Apr-11	Aug-12	-50.62%	11 mo
Feb-14	Jul-15	-27.50%	14 mo
Jul-16	Jul-17	-25.65%	8 mo
Apr-18	Oct-20	-25.62%	10 mo
Sep-24	n/a	-17.36%	2 mo
Sep-12	Mar-13	-12.28%	6 mo

Drawdown Periods Since Mar 2011

Distribution of Monthly Returns

Select a benchmark to add:

Statistical Comparisons	Opus Futures, LLC Advanced Ag	AutumnGold AG CTA Index	S&P 500 SP 500 TR

Annualized Compound ROR (1)	8.99%	2.50%	13.22%
Cumulative Return	266.20%	44.78%	550.56%
Cumulative VAMI(7)	3,662	1,448	6,506
Best Monthly Return	33.95%	3.09%	12.82%
Worst Monthly Return	-31.28%	-5.53%	-12.35%
Annual Standard Deviation	26.29%	4.19%	14.09%
Profit Loss Ratio	1.50	1.61	2.02
Correlation	—	0.11	0.03
Last Month	-0.07%	2.00%	-4.98%
Last 12 Months	-10.43%	7.87%	17.80%
Last 36 Months	11.34%	16.71%	65.64%

Growth of $1,000 VAMI Comparison

Risk Disclaimer

Opus Futures, LLC
Advanced Ag

Report Start Date: Mar-2011 | End Date: Mar-2026

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Other Fees

None

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 Saturday April 4, 2026 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 Mar-2011 and Mar-2026
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.

Risk Disclaimer