CTA Profiles Sweet Futures

Start Date: Feb-2017
Mar Return: 1.09%
YTD Return: 2.74%
Annual CROR: 7.13

Worst Drawdown: -34.30%
Losing Streak: 0.00 %
Sharpe Ratio: 0.38
Calmar Ratio: N/A

Min Investment: $100,000
Currency: 2US Dollar
Notional Funding: Yes
NFA Number: 501241

Margin: 15-20%
Mgt Fee: 1.00%
Incentive Fee: 20.00%
Round Turns: 1,200

Trading Strategy: The Volatility Trading Program is designed to exclusively trade VIX futures. The Advisor considers the current market environment in a broad sense and then looks to opportunistically place spread positions along the futures curve according to their relative value as determined by the Advisor's proprietary method. From time to time the Advisor may place a simple "long" or "short" position along the VIX futures curve to shift the portfolio's exposure and/or sensitivities. There are no trading restrictions or limitations placed on the Advisor and the Advisor reserves the right to trade in other futures markets, such as the E-mini S&P 500 and U.S Treasury futures, in times of market stress or illiquidity in order to hedge the portfolio's macro exposures. Risk Strategy: The Advisor believes that risk management is critical to generating long-term wealth-building returns and that expected returns vary over time. Therefore, the Advisor takes a pro-active approach to risk management by varying the portfolio's exposures during different market environments with the goal of reducing drawdowns and capturing favorable risk/return probabilities as they are presented. The Advisor recommends that clients do not try to time the strategy, but instead consider the offered program to be part of a diversified investment portfolio to be held for many years.

Accounting Notes: Performance Shown starts in Feb 2017 which is when AP Futures registered as a CTA. For performance of AP Futures prior to Feb 2017 please contact the Advisor directly.

Trading Methodology
70% Systematic
30% Discretionary
Trading Style
20% Contrarian
80% Spread Trading

Style Sub-Categories
Volatility
Mean Reversion
Spread

Holding Period
100% Medium Term
Sector: US
Contracts: Futures

Market Allocation
100% Stock Indices

Recent Performance - Start Date of Program February 2017

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	0.56%	1.07%	1.09%										2.74%	0%
2023	3.16%	-0.20%	-2.90%	5.71%	1.56%	5.16%	1.76%	0.62%	-1.80%	-2.71%	3.30%	1.99%	16.33%	-4.46%
2022	-7.94%	-6.34%	-1.37%	-3.01%	3.02%	-6.99%	6.24%	0.14%	-3.83%	0.94%	5.00%	1.66%	-12.88%	-20.97%
2021	-4.90%	13.94%	7.25%	2.92%	0.17%	2.62%	1.54%	3.76%	-2.53%	6.67%	-2.19%	8.15%	42.46%	-4.9%
2020	-5.78%	-6.93%	6.62%	-4.55%	1.69%	-7.09%	10.05%	-0.48%	2.82%	-1.98%	20.62%	3.45%	16.14%	-15.68%
2019	13.74%	1.77%	-0.49%	2.63%	-11.57%	4.62%	2.20%	-8.12%	5.36%	5.65%	3.49%	0.61%	19.02%	-13.13%
2018	-3.28%	-12.72%	0.95%	11.39%	4.03%	-0.90%	3.75%	1.79%	1.36%	-17.48%	9.26%	-27.13%	-31.17%	-34.3%
2017		-2.19%	3.37%	-0.55%	3.30%	0.63%	0.46%	0.92%	4.09%	3.64%	0.33%	1.19%	16.06%	-2.19%

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

Chart

Footnotes:

(C) = Client Trading Results
(P) = Proprietary Trading Results
(P&C) = A Combination of Proprietary & Client Results.

Current Drawdown - The Current Losing Streak of the CTA, if any.

Worst Drawdown - The Worst Drawdown reflects the greatest loss from Inception. Worst Drawdown can be defined as the potential cost of higher return.

Annual Compound Rate of Return - The Annualized Compounded Rate of Return represents the average return of the CTA over the time frame of the report. It smoothes out returns by assuming constant growth.

Calmar Ratio - The 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.

Sharpe Ratio - The 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.

Round Turns - Represents the annual number of Round Turns per $1 million.