CTA Profiles Sweet Futures

Start Date: Nov-2019
Nov Return: -0.07%
YTD Return: 6.89%
Annual CROR: 15.85

Worst Drawdown: -26.05%
Losing Streak: -8.43 %
Sharpe Ratio: 0.79
Calmar Ratio: 0.21

Min Investment: $1,000,000
Currency: US Dollar
Notional Funding: Yes
NFA Number: 0502023

Margin: Average 15%
Mgt Fee: 2.00%
Incentive Fee: 20.00%
Round Turns: 4,816

Trading Strategy: Trident is a short-term systematic trading model that utilizes a technically based multi factor approach to generating strong risk adjusted returns under diverse market conditions in global futures markets. The system allocates its risk budget among directional and counter directional trading components. Trading leverage, as well as entry and exit signals, are dynamically determined and adjusted automatically by Trident based on current market volatility and momentum in order to more closely respond to the existing conditions in each market traded. Risk is strictly monitored and loss levels per trade are determined pre-entry for automatic exit while profits are allowed to run as Trident dynamically adjusts to protect trade profits as they accrue. The system trades highly liquid and diversified futures contracts in order to generate alpha across varying market segments and conditions.

The system trades futures in diverse market segments including: Currencies, Fixed Income, Energy, Precious and Base Metals, Agricultural and Softs Markets. Risk Strategy: N/A

Accounting Notes: Actual performance reflects General Partners' separately managed account trading conducted after January 1, 2019. Live trading during November-December 2018 (when trading first commenced) is not reflected, as lower leverage, debugging of trading strategy, and corrections with signal timing make such period unrepresentative of the Strategy. Returns presented from January 1, 2019, to May 31, 2019, represent the General Partners' separately managed account with the Global Macro strategy, management fees of 1.5% and incentive fees of 15% (Founders A Share Class) and, the performance does not include underlying fund expenses. From June 1, 2019, to the present, returns represent the Trident Fund LP Global Macro (1.5% mgmt and 20% incentive) and Global Macro Enhanced 2.0% mgmt and 20% incentive) share class returns and incorporate fund expenses such as administrator, audit, tax, and other operating costs. From March of 2023, the Global Macro Enhanced Four (4) was launched (4.5% mgmt and 20% incentive), incorporating fund expenses such as administrator, audit, tax, and other operating costs.

Trading Methodology
100% Systematic
Trading Style

Style Sub-Categories

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

Market Allocation
23% Currencies
6% Financials
12% Metals
12% Energies
12% Agriculturals
12% Meats
23% Softs

Recent Performance - Start Date of Program November 2019

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	-3.61%	-4.76%	-0.31%	0.09%	2.22%	-4.84%	9.14%	6.63%	-3.30%	6.66%	-0.07%		6.89%	-10.89%
2023	6.33%	-5.34%	-2.12%	5.22%	-0.19%	-6.94%	-6.22%	-2.70%	-7.20%	1.97%	7.78%	5.40%	-5.55%	-23.32%
2022	4.85%	-2.70%	7.08%	9.17%	-1.07%	8.25%	-1.89%	-5.68%	-5.72%	-5.79%	8.62%	1.60%	15.84%	-17.81%
2021	1.83%	4.98%	-5.83%	6.74%	-5.65%	3.69%	12.04%	5.05%	10.28%	5.25%	6.98%	0.01%	53.63%	-5.83%
2020	12.49%	2.37%	12.72%	-1.06%	-7.11%	-7.84%	3.90%	1.81%	9.33%	-1.04%	-4.01%	-3.40%	16.68%	-15.3%
2019											-1.60%	2.43%	0.8%	-1.6%

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

Chart

Track Record Prepared By: NAV Consulting

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.