Statistical Analysis Report

Report Start Date Report End Date

Trading Strategy: Discretionary / Agricultural

Program Description: The Program attempts to generate profits through the Advisor's discretionary selection of futures and options trades in agricultural markets. Trades are selected on the basis of fundamental analysis, which is concerned with any factor that would affect the supply and demand, and therefore the price, of a given instrument. The Advisor's market analysis tends to focus on seasonal trends and year-to-year comparisons. The Advisor absorbs and interprets a wide range of research on a daily basis, employing its principals' combined 40+ years of experience in agricultural futures markets. However, there is no assurance the Program will meet its objectives or that clients will avoid substantial losses.

Investment Information

Program Start Date	Mar-2010
Percent Discretionary	100%
Percent Systematic	0%
Minimum Investment	50,000
Management Fee	2.00%
Incentive Fee	20.00%
Margin	20%
Round Turns per Million	1,500
Currency	US Dollar
NFA No:	#0410573

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The Annual Rates of Return ("ROR") have been calculated by Adding Monthly Performance
Performance Since January 2020 See Accounting Notes

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2020	-0.20%	0.41%	10.57%	7.20%	1.38%	3.44%	-1.43%	-0.42%	-0.91%	3.02%	-0.06%	4.42%
2021	5.30%	-8.35%	1.53%	1.62%	-0.92%	0.99%	-2.47%	-2.70%	-1.23%	-1.32%	0.53%	0.23%
2022	3.94%	7.45%	-5.49%	-0.54%	-3.13%	-4.73%	1.08%	-0.14%	-0.88%	0.57%	-1.45%	-0.89%
2023	-1.43%	-0.46%	-0.92%	-0.24%	-0.84%	0.10%	-0.16%	-0.26%	-0.85%	0.01%	-0.08%	-0.38%
2024	0.32%	-0.12%	-0.54%	2.09%	-0.65%	-0.30%	-0.32%	-0.04%	0.00%	0.00%	-0.15%	0.55%

	2020	2021	2022	2023	2024
ROR	27.42%	-6.79%	-4.22%	-5.51%	0.84%

Park Avenue Asset Management | Manhattan ~ New York City
Toll Free: (877) 611-PAAM | Local: (212) 600-2883 Email: [email protected] | Web Address: http://www.parkavenueassetmgt.com
© 1997 - 2025 AutumnGold.com LLC

Program Statistics
Peak-to-Valley Drawdown (1) (Jan 2021 - Mar 2024)	-20.83%
Worst Monthly Return (Feb 2021)	-8.35%
Average Monthly Return	0.20%
Monthly Std. Deviation	2.85%
Gain Deviation (24 months gain)	2.83%
Loss Deviation (36 months loss)	1.74%
Gain to Loss Ratio	1.89

Annualized Statistics
Annualized Mean Return	2.43%
Standard Deviation	9.86%
Downside Deviation (3)	6.41%
Sharpe Ratio (4)	0.14
Gain Deviation	9.79%
Loss Deviation	6.03%
Profit Loss Ratio	1.26

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Accounting Notes: In July 2012 the Assets Under Managed dropped by $2,400,000 due to the closing of Peregrine Financial Group.

Statistical Notes
1. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % loss over the period of 2020-01-31 to 2024-12-31. If the Start Date of this Report Predates the Inception of the Program (Mar 2010), the Maximum Drawdown from Inception may be larger than indicated in this report, 2. The Annualized Mean Return is calculated by annualizing the average monthly return, 3. Downside Deviation uses a 5% Minimum Acceptable ROR, 4. Sharpe Ratio uses a 1% Risk Free ROR

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.