Statistical Analysis Report

Report Start Date Report End Date

Trading Strategy: Systematic / S-Term / Stock Indices & Volatility
4.7 Exempt - Qualified Eligible Persons Only

Program Description: Agile's Senti-Wave V Strategy Description: The strategy is an 80% systematic trading method developed from a proprietary trading system and used to capitalize on waves of over-sold or over-bought environments in the equity markets, and in the volatility of those markets. The strategy trades Volatility index futures (VIX) and takes advantage of directional momentum and volatility as a market sentiment barometer designed to achieve steady and consistently positive 12 month returns regardless of market direction. It targets these results in trendless or choppy market environments. Trades are short-term in duration from several days to several weeks. 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. See Accounting Notes Below.

Investment Information

Program Start Date	Sep-2020
Percent Discretionary	20%
Percent Systematic	80%
Minimum Investment	350,000
Management Fee	1%
Incentive Fee	20%
Margin
Round Turns per Million	0
Currency	US Dollars
NFA No:	#0527741

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The Annual Rates of Return ("ROR") have been calculated by Adding Monthly Performance
Monthly Performance trading results are actual and independently verified by NAV Consulting, Inc. Pro Forma results are adjusted for a 1% Mgt Fee calculated monthly and Pro Forma 20% quarterly incentive fee. See accounting notes on page 2 for more details. The performance from September 2020 to January 2021 represents the trading results for an account traded pursuant to a Trading Authorization Power of Attorney provided to the Advisor's sole trading principal Kenneth Brandau operating pursuant to an exemption provided for in Commodity Exchange Act section 4m whereby he did not hold himself out generally to the public as a CTA and he had not furnished commodity trading advice to more than 15 persons during the course of the last 12 months. Beginning February 2021, the Advisor, Agile Investment Management LLC., began managing client accounts and the trading results are the composite actual performance. Performance of client accounts is compiled by NAV Consulting. Returns experienced by an individual investor may differ from those presented depending on the notional exposures in the investor's account and the timing of the investment and redemptions.

1) Past results are not necessarily indicative of future results, 2) All trading results are actual and independently verified by NAV Consulting, Inc., 3) Pro Forma management fee is 1% per annum calculated monthly, based on month end equity before incentive fee, 4) Pro Forma incentive fee is 20% quarterly. See Accounting Notes

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2020									5.87%	-3.25%	2.53%	-0.69%
2021	2.83%	0.76%	6.69%	-0.41%	1.31%	2.46%	1.91%	2.00%	-0.64%	3.56%	-1.65%	7.36%
2022	-3.20%	-1.21%	-1.67%	-4.22%	13.38%	-0.01%	1.89%	0.07%	-3.48%	3.25%	1.45%	2.13%
2023	1.49%	0.48%	1.07%	0.30%	0.61%	0.50%	0.49%	2.19%	-2.26%	2.57%	0.83%	0.37%
2024	1.14%	0.84%	0.84%	1.09%	0.72%	0.63%	0.77%	-4.07%	1.80%	-0.34%	3.61%	2.54%

	2020	2021	2022	2023	2024
ROR	4.46%	26.17%	8.38%	8.65%	9.57%

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) (Dec 2021 - Apr 2022)	-9.94%
Worst Monthly Return (Apr 2022)	-4.22%
Average Monthly Return	1.10%
Monthly Std. Deviation	2.93%
Gain Deviation (38 months gain)	2.51%
Loss Deviation (14 months loss)	1.47%
Gain to Loss Ratio	1.15

Annualized Statistics
Annualized Mean Return	14.03%
Standard Deviation	10.16%
Downside Deviation (3)	4.92%
Sharpe Ratio (4)	1.20
Gain Deviation	8.71%
Loss Deviation	5.09%
Profit Loss Ratio	3.11

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Accounting Notes:
1. Past results are not necessarily indicative of future results.
2. All trading results are actual and independently verified by NAV Consulting, Inc.
3. Pro Forma management fee is 1% p.a. calculated monthly, based on month end equity before incentive fee.
4. Pro Forma incentive fee is 20% quarterly.

A Qualified Eligible Person ('QEP') must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin).

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

Statistical Notes
1. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % loss over the period of 2020-09-30 to 2024-12-31. If the Start Date of this Report Predates the Inception of the Program (Sep 2020), 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.