CTA Profiles Sweet Futures

Start Date: Jul-2022
Feb Return: 2.56%
YTD Return: -1.68%
Annual CROR: N/A

Worst Drawdown: -20.92%
Losing Streak: -15.43 %
Sharpe Ratio: -0.78
Calmar Ratio: N/A

Min Investment: $250,000
Currency: US$
Notional Funding: Yes
NFA Number: 0548429

Margin: 10-15%
Mgt Fee: 2.00%
Incentive Fee: 20.00%
Round Turns: 2,000

Trading Strategy: The THS Diversified Trend Following program is a Trend-Following program that is primarily systematic, using a proprietary blend of technical indicators, with a discretionary overlay, that generates specific Buy, Sell or No Entry signals in a basket of domestic futures markets. The Diversified Trend Following Program ($250,000) takes each of the 30 individual derivative markets that are traded. For example, in the energy sector the program could have on crude oil, heating oil, and unleaded gas. There are also multiple markets traded in the grain sector and in the metals sector. Note that during periods of extreme volatility, the system may temporarily reduce position exposure. From time to time the advisor may also utilize long options and option spreads. Once a trade is initiated, strict rules for risk management are implemented which includes, but are not limited to, trailing stop-losses on all positions. The average holding period is between 1 and 15 calendar days and the recommended account minimum is $250,000 with notional funding available. Position sizing is based on volatility and risk. The program has been shown to have a low correlation to traditional asset classes such as stocks and bonds. The Advisor maintains ongoing research into the characteristics of the markets traded.

Thomas Silman was born in Great Neck, New York, and attended Cornell University. He received a B.S. degree in Biological Sciences from Virginia Tech and did post-graduate work at Case Western Reserve University. Prior to entering the financial industry, Mr. Silman served in the U.S. Army as a Cryptographer where he held a Top Secret Cryptologic Clearance. His duties included analysis of code-breaking techniques, as well as encryption and decryption of very sensitive communications. In 1972, Mr. Silman began his financial career with Reynolds Securities (aka Dean Witter Reynolds) as a dually listed Stock and Commodity futures broker and has been actively trading ever since; initially in NY and later in CA. In 2004 he established THS Capital Management Corp as a Commodity Trading Advisor (CTA) and in 2008, Mr. Silman went private, whereby he traded mostly for himself and "Friends and Family" accounts. In 2018 he began trading under his sole proprietorship THS Capital Management. As of July 2022 all accounts traded under Mr. Silman's sole proprietorship will now be traded under THS Capital Management, LLC using the same strategy that Mr. Silman has applied to his sole proprietorship. Risk Strategy: Trades are initiated when the program's algorithm gives a trade signal. The chart is then examined to make sure that certain parameters have been met in order to make the trade. Stops are entered either before or immediately after entry into a market. Stops are adjusted as needed.

Accounting Notes: Performance from February 2022 through May 2022 represents the trading of Thomas Silman's sole proprietorship d.b.a. THS Capital Management. As of July 2022, THS Capital Management, LLC will replace Mr. Silman's sole proprietorship using the same strategy that Mr. Silman has applied to his sole proprietorship.

Trading Methodology
90% Systematic
10% Discretionary
Trading Style
100% Trend Following

Style Sub-Categories
Momentum
Pattern Recognition
Quantitative
Long Short

Holding Period
20% Medium Term
80% Short Term
Sector: US
Contracts: Futures

Market Allocation
100% Diversified

Performance from February 2022 through May 2022 represents the trading of Thomas Silman's sole proprietorship d.b.a. THS Capital Management.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR*	Max DD
2024	-4.24%	2.56%											-1.68%	-4.24%
2023	-5.19%	2.35%	-0.93%	0.47%	-0.94%	-1.31%	-4.64%	-2.81%	-0.25%	-3.80%	-0.07%	7.17%	-9.95%	-16.08%
2022		-0.47%	-0.09%	0.34%	-1.18%	-2.72%	4.75%	-4.50%	0.88%	-3.09%	0.50%	2.41%	-3.17%	-6.64%

*The Annual ROR performance has been calculated by adding each monthly return. Please See Accounting Notes Below.

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

Chart

Track Record Prepared By: Compliance Supervisors

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.