CTA Profiles Sweet Futures

Start Date: May-2014
Nov Return: 0.03%
YTD Return: -9.13%
Annual CROR: 1.79

Worst Drawdown: -37.16%
Losing Streak: -35.49 %
Sharpe Ratio: 0.13
Calmar Ratio: -0.11

Min Investment: C$2,000,000
Currency: Canadian or US Dollars
Notional Funding: No
NFA Number: 0401001

Margin:
Mgt Fee: 0.00%
Incentive Fee: 20.00%
Round Turns: 1,500

Trading Strategy: AST exploits both mean reversion and short-term momentum in a tactical (non-trend following) strategy. Markets tend to move in waves. Strong moves in one direction are often followed by retracements in the opposite direction. AST identifies turning points and rides the reversion momentum for a short term gain. Program highlights the unique skills and experience of principals, former institutional option traders at a major energy merchant and bank. Risk Strategy: N/A

Accounting Notes: Performance is net of fees. AST began trading as a stand-alone program in Sep 2016. Performance prior to this (and ongoing), the program trades as part of the multi-strategy Auspice Diversified Program. The stand-alone program is shown using a proportional risk level represented by a single managed account.

Trading Methodology
100% Systematic
Trading Style
100% Non-Trend Follower

Style Sub-Categories
Momentum
Mean Reversion

Holding Period
100% Intraday
Sector: US
Contracts: Futures

Market Allocation
100% Energies

Performance is net of fees. AST began trading as a stand-alone program in Sep 2016. Performance prior to this (and ongoing), the program trades as part of the multi-strategy Auspice Diversified Program. The stand-alone program is shown using a proportional risk level represented by a single managed account.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	-0.66%	0.34%	-1.38%	-0.99%	-7.27%	-1.92%	3.04%	-1.47%	0.96%	0.12%	0.03%		-9.13%	-11.48%
2023	-0.27%	-0.10%	1.34%	1.68%	0.88%	-1.49%	-0.04%	6.14%	-2.53%	-0.09%	-1.49%	-2.60%	1.14%	-6.56%
2022	-0.55%	3.73%	7.94%	2.57%	3.39%	-0.74%	-2.26%	-2.14%	0.02%	0.74%	-5.76%	-2.66%	3.61%	-12.25%
2021	-4.19%	1.32%	2.58%	-1.54%	-4.57%	-9.72%	-1.68%	0.28%	-6.17%	-3.38%	-1.26%	-2.40%	-27.23%	-27.23%
2020	5.72%	-4.03%	-1.27%	-2.93%	2.53%	3.86%	2.92%	-3.52%	5.22%	-2.22%	-0.65%	-1.36%	3.67%	-8.03%
2019	-2.19%	-3.65%	-2.82%	-1.45%	-5.45%	1.56%	3.24%	9.46%	-5.72%	-0.76%	1.08%	-2.78%	-9.94%	-14.66%
2018	-0.77%	-1.21%	1.15%	-2.06%	5.66%	4.48%	7.25%	3.22%	-1.07%	-2.16%	5.85%	-0.27%	21.25%	-3.21%
2017	-9.31%	-5.65%	-3.27%	0.83%	-0.36%	3.35%	-1.42%	3.25%	1.08%	0.80%	-0.11%	0.94%	-10.12%	-17.23%
2016	-4.01%	6.99%	-4.87%	18.90%	-16.41%	0.54%	28.09%	2.61%	3.26%	-0.22%	-0.97%	0.80%	31.97%	-16.41%
2015	-1.36%	4.49%	1.26%	2.92%	-0.37%	0.95%	-3.09%	12.85%	-5.66%	9.72%	-2.02%	2.25%	22.52%	-5.66%
2014					-0.15%	-0.19%	-0.53%	0.60%	6.88%	-0.90%	0.37%	-0.13%	5.88%	-0.9%

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

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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.

Qualified Eligible Investors - A Qualified Eligible Person 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 $4,000,000 in securities holdings OR the person must have on deposit with a Futures Commission Merchant at least $400,000 in exchange-specified initial margin and option premiums, and required minimum security deposit for retail forex transactions.

Exemptions - PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH THE ACCOUNTS OF QUALIFIED ELIBIBLE 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 ADEQUANCY OR ACCURACY OF THE COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.