Aventis Asset Management, LLC

Aventis Diversified Commodity Strategy *QEP*


Monthly Performance (%)

Date Range: 08/06 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 2.21 -0.35 5.48 -0.13   7.29 
2018 0.29 1.75 2.56 -0.53 0.63 -6.37 0.84 -2.19 -2.20 -1.93 -3.57 -0.07  -10.59 
2017 0.25 -2.35 0.56 0.19 0.56 -2.60 3.32 -0.47 0.00 -1.77 -1.19 -1.34  -4.87 
2016 -1.29 -0.48 2.95 4.34 1.00 8.95 -4.74 -1.86 0.70 -3.57 -1.34 3.20  7.33 
2015 2.25 -0.15 0.04 1.00 -0.63 -1.68 -0.17 -2.13 -1.91 -0.92 -2.92 -0.35  -7.42 
2014 0.25 -2.60 -0.43 -1.31 1.30 1.33 2.16 0.54 1.05 -2.15 0.95 -2.55  -1.60 
2013 0.00 2.08 -0.43 0.52 -5.52 1.69 2.47 -2.74 1.55 0.12 -0.63 2.57  1.38 
2012 0.58 0.07 -0.33 1.03 -2.51 2.52 2.35 0.26 -0.05 -4.00 -0.75 -1.24  -2.24 
2011 2.27 -0.29 2.69 2.92 4.23 -1.36 0.35 1.41 -3.57 0.87 0.51 -3.10  6.82 
2010 -0.11 3.65 -3.82 1.61 2.90 7.42 -1.28 2.12 3.60 3.05 0.60 3.77  25.66 
2009 3.28 -4.37 1.66 1.53 0.18 1.17 -2.22 -1.68 1.99 0.76 -1.87 1.70  1.87 
2008 7.37 -1.70 7.81 9.04 1.62 3.22 -5.05 -1.69 -2.28 -3.14 -7.81 -1.62  4.29 
2007 -4.58 5.89 3.54 2.23 -1.19 1.09 2.31 9.94 4.67 10.69 4.97 13.35  65.65 
2006 1.57 4.43 3.47 -0.19  9.54 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Aventis Edge is achieved through a team of commodity market specialists with over 75 years of combined experience and success analyzing and trading in the cash and futures markets. This experience drives a rigorous research process that not only provides an understanding of the fundamental supply and demand dynamics of the markets it trades, but also how market psychology and positioning will affect pricing behavior. The Aventis Edge also includes the use of proprietary technical indicators in analyzing markets to assist in executing the trading strategy; and its Edge is further demonstrated by its expertise in trade application and the ability to profit on trade ideas using futures, spreads and option strategies. Approximately 40-50% of the strategy is spread based (relative value) including calendar, inter-market, inter-commodity and option spreads; 40-50% of the strategy is directional in nature utilizing futures, spreads, and options; and 5%-10% of the strategy is involved in short term trading.

Performance Statistics

Date Range: 08/06 - 04/19
  Program S&P 500 Altegris 40 
Total Return 128.87% 202.22% 39.69% 
Annualized Return 6.76% 9.06% 2.66% 
Annualized Std. Deviation 11.02% 14.43% 8.94% 
Correlation 0.08 0.00 
Sharpe Ratio (rf=2.5%) 0.39 0.45 0.02 
Worst Month -7.81% -16.79% -6.10% 
Date of Worst Month 11/2008 10/2008 02/2018 
Worst Drawdown -21.91% -50.95% -15.74% 
Date of Worst Drawdown 8/11 - 12/18 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 08/06 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 7.29 18.24 5.17 
2018 -10.59 -4.38 -4.29 
2017 -4.87 21.84 1.24 
2016 7.33 11.98 -3.13 
2015 -7.42 1.41 0.09 
2014 -1.60 13.69 15.75 
2013 1.38 32.41 -2.45 
2012 -2.24 15.98 -4.75 
2011 6.82 2.12 -3.23 
2010 25.66 15.06 11.33 
2009 1.87 26.45 -7.98 
2008 4.29 -36.99 15.47 
2007 65.65 5.50 7.18 
2006 9.54 9.45 5.94 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 08/06 - 04/19
Date: 4/30/2019
Perf: $1,381.44 Date: 3/31/2019
Perf: $1,344.46 Date: 2/28/2019
Perf: $1,297.87 Date: 1/31/2019
Perf: $1,289.62 Date: 12/31/2018
Perf: $1,313.52 Date: 11/30/2018
Perf: $1,308.03 Date: 10/31/2018
Perf: $1,323.92 Date: 9/30/2018
Perf: $1,357.45 Date: 8/31/2018
Perf: $1,363.58 Date: 7/31/2018
Perf: $1,329.68 Date: 6/30/2018
Perf: $1,339.72 Date: 5/31/2018
Perf: $1,328.56 Date: 4/30/2018
Perf: $1,345.93 Date: 3/31/2018
Perf: $1,331.55 Date: 2/28/2018
Perf: $1,332.74 Date: 1/31/2018
Perf: $1,419.32 Date: 12/31/2017
Perf: $1,372.39 Date: 11/30/2017
Perf: $1,357.59 Date: 10/31/2017
Perf: $1,355.83 Date: 9/30/2017
Perf: $1,301.30 Date: 8/31/2017
Perf: $1,329.35 Date: 7/31/2017
Perf: $1,307.65 Date: 6/30/2017
Perf: $1,302.57 Date: 5/31/2017
Perf: $1,341.74 Date: 4/30/2017
Perf: $1,339.20 Date: 3/31/2017
Perf: $1,347.28 Date: 2/28/2017
Perf: $1,367.25 Date: 1/31/2017
Perf: $1,338.08 Date: 12/31/2016
Perf: $1,355.56 Date: 11/30/2016
Perf: $1,345.34 Date: 10/31/2016
Perf: $1,360.30 Date: 9/30/2016
Perf: $1,396.33 Date: 8/31/2016
Perf: $1,414.57 Date: 7/31/2016
Perf: $1,453.68 Date: 6/30/2016
Perf: $1,439.00 Date: 5/31/2016
Perf: $1,380.34 Date: 4/30/2016
Perf: $1,404.92 Date: 3/31/2016
Perf: $1,441.09 Date: 2/29/2016
Perf: $1,483.67 Date: 1/31/2016
Perf: $1,448.05 Date: 12/31/2015
Perf: $1,399.36 Date: 11/30/2015
Perf: $1,432.30 Date: 10/31/2015
Perf: $1,385.07 Date: 9/30/2015
Perf: $1,409.59 Date: 8/31/2015
Perf: $1,379.66 Date: 7/31/2015
Perf: $1,403.94 Date: 6/30/2015
Perf: $1,351.12 Date: 5/31/2015
Perf: $1,425.23 Date: 4/30/2015
Perf: $1,435.56 Date: 3/31/2015
Perf: $1,493.20 Date: 2/28/2015
Perf: $1,460.91 Date: 1/31/2015
Perf: $1,463.26 Date: 12/31/2014
Perf: $1,398.10 Date: 11/30/2014
Perf: $1,373.92 Date: 10/31/2014
Perf: $1,296.77 Date: 9/30/2014
Perf: $1,277.98 Date: 8/31/2014
Perf: $1,259.22 Date: 7/31/2014
Perf: $1,208.11 Date: 6/30/2014
Perf: $1,217.86 Date: 5/31/2014
Perf: $1,207.47 Date: 4/30/2014
Perf: $1,177.33 Date: 3/31/2014
Perf: $1,168.45 Date: 2/28/2014
Perf: $1,186.01 Date: 1/31/2014
Perf: $1,176.36 Date: 12/31/2013
Perf: $1,207.88 Date: 11/30/2013
Perf: $1,209.58 Date: 10/31/2013
Perf: $1,188.07 Date: 9/30/2013
Perf: $1,161.48 Date: 8/31/2013
Perf: $1,168.49 Date: 7/31/2013
Perf: $1,191.36 Date: 6/30/2013
Perf: $1,201.82 Date: 5/31/2013
Perf: $1,249.16 Date: 4/30/2013
Perf: $1,305.29 Date: 3/31/2013
Perf: $1,272.46 Date: 2/28/2013
Perf: $1,254.39 Date: 1/31/2013
Perf: $1,261.71 Date: 12/31/2012
Perf: $1,238.19 Date: 11/30/2012
Perf: $1,232.15 Date: 10/31/2012
Perf: $1,228.71 Date: 9/30/2012
Perf: $1,274.86 Date: 8/31/2012
Perf: $1,296.25 Date: 7/31/2012
Perf: $1,314.12 Date: 6/30/2012
Perf: $1,262.48 Date: 5/31/2012
Perf: $1,311.81 Date: 4/30/2012
Perf: $1,287.35 Date: 3/31/2012
Perf: $1,279.67 Date: 2/29/2012
Perf: $1,309.39 Date: 1/31/2012
Perf: $1,304.05 Date: 12/31/2011
Perf: $1,299.89 Date: 11/30/2011
Perf: $1,287.53 Date: 10/31/2011
Perf: $1,283.68 Date: 9/30/2011
Perf: $1,336.61 Date: 8/31/2011
Perf: $1,337.41 Date: 7/31/2011
Perf: $1,340.09 Date: 6/30/2011
Perf: $1,293.65 Date: 5/31/2011
Perf: $1,328.18 Date: 4/30/2011
Perf: $1,378.49 Date: 3/31/2011
Perf: $1,326.75 Date: 2/28/2011
Perf: $1,347.37 Date: 1/31/2011
Perf: $1,324.84 Date: 12/31/2010
Perf: $1,343.25 Date: 11/30/2010
Perf: $1,287.99 Date: 10/31/2010
Perf: $1,335.26 Date: 9/30/2010
Perf: $1,285.39 Date: 8/31/2010
Perf: $1,262.41 Date: 7/31/2010
Perf: $1,212.22 Date: 6/30/2010
Perf: $1,228.07 Date: 5/31/2010
Perf: $1,223.42 Date: 4/30/2010
Perf: $1,253.76 Date: 3/31/2010
Perf: $1,234.74 Date: 2/28/2010
Perf: $1,187.60 Date: 1/31/2010
Perf: $1,176.54 Date: 12/31/2009
Perf: $1,206.58 Date: 11/30/2009
Perf: $1,256.85 Date: 10/31/2009
Perf: $1,208.16 Date: 9/30/2009
Perf: $1,239.91 Date: 8/31/2009
Perf: $1,211.08 Date: 7/31/2009
Perf: $1,207.10 Date: 6/30/2009
Perf: $1,208.43 Date: 5/31/2009
Perf: $1,241.45 Date: 4/30/2009
Perf: $1,224.55 Date: 3/31/2009
Perf: $1,265.95 Date: 2/28/2009
Perf: $1,302.01 Date: 1/31/2009
Perf: $1,302.67 Date: 12/31/2008
Perf: $1,311.19 Date: 11/30/2008
Perf: $1,278.34 Date: 10/31/2008
Perf: $1,233.08 Date: 9/30/2008
Perf: $1,172.69 Date: 8/31/2008
Perf: $1,170.23 Date: 7/31/2008
Perf: $1,202.33 Date: 6/30/2008
Perf: $1,260.17 Date: 5/31/2008
Perf: $1,227.40 Date: 4/30/2008
Perf: $1,202.63 Date: 3/31/2008
Perf: $1,216.62 Date: 2/29/2008
Perf: $1,222.00 Date: 1/31/2008
Perf: $1,156.21 Date: 12/31/2007
Perf: $1,135.54 Date: 11/30/2007
Perf: $1,138.16 Date: 10/31/2007
Perf: $1,145.61 Date: 9/30/2007
Perf: $1,098.27 Date: 8/31/2007
Perf: $1,049.27 Date: 7/31/2007
Perf: $1,089.92 Date: 6/30/2007
Perf: $1,124.68 Date: 5/31/2007
Perf: $1,093.09 Date: 4/30/2007
Perf: $1,055.41 Date: 3/31/2007
Perf: $1,012.87 Date: 2/28/2007
Perf: $1,037.14 Date: 1/31/2007
Perf: $1,077.54 Date: 12/31/2006
Perf: $1,059.43 Date: 11/30/2006
Perf: $1,024.79 Date: 10/31/2006
Perf: $1,000.28 Date: 9/30/2006
Perf: $989.40 Date: 8/31/2006
Perf: $1,000.00 Date: 4/30/2019
Perf: $2,951.98 Date: 3/31/2019
Perf: $2,837.08 Date: 2/28/2019
Perf: $2,783.09 Date: 1/31/2019
Perf: $2,696.53 Date: 12/31/2018
Perf: $2,496.56 Date: 11/30/2018
Perf: $2,744.37 Date: 10/31/2018
Perf: $2,689.51 Date: 9/30/2018
Perf: $2,886.98 Date: 8/31/2018
Perf: $2,870.62 Date: 7/31/2018
Perf: $2,779.99 Date: 6/30/2018
Perf: $2,680.28 Date: 5/31/2018
Perf: $2,663.77 Date: 4/30/2018
Perf: $2,601.08 Date: 3/31/2018
Perf: $2,591.23 Date: 2/28/2018
Perf: $2,658.77 Date: 1/31/2018
Perf: $2,760.63 Date: 12/31/2017
Perf: $2,611.02 Date: 11/30/2017
Perf: $2,582.36 Date: 10/31/2017
Perf: $2,505.44 Date: 9/30/2017
Perf: $2,448.39 Date: 8/31/2017
Perf: $2,398.97 Date: 7/31/2017
Perf: $2,391.56 Date: 6/30/2017
Perf: $2,343.29 Date: 5/31/2017
Perf: $2,328.85 Date: 4/30/2017
Perf: $2,296.47 Date: 3/31/2017
Perf: $2,273.06 Date: 2/28/2017
Perf: $2,270.33 Date: 1/31/2017
Perf: $2,183.64 Date: 12/31/2016
Perf: $2,142.93 Date: 11/30/2016
Perf: $2,101.32 Date: 10/31/2016
Perf: $2,026.35 Date: 9/30/2016
Perf: $2,063.91 Date: 8/31/2016
Perf: $2,063.50 Date: 7/31/2016
Perf: $2,060.61 Date: 6/30/2016
Perf: $1,987.28 Date: 5/31/2016
Perf: $1,982.13 Date: 4/30/2016
Perf: $1,947.08 Date: 3/31/2016
Perf: $1,939.52 Date: 2/29/2016
Perf: $1,816.37 Date: 1/31/2016
Perf: $1,818.73 Date: 12/31/2015
Perf: $1,913.65 Date: 11/30/2015
Perf: $1,944.37 Date: 10/31/2015
Perf: $1,938.55 Date: 9/30/2015
Perf: $1,787.67 Date: 8/31/2015
Perf: $1,832.95 Date: 7/31/2015
Perf: $1,950.57 Date: 6/30/2015
Perf: $1,910.45 Date: 5/31/2015
Perf: $1,948.24 Date: 4/30/2015
Perf: $1,923.43 Date: 3/31/2015
Perf: $1,905.14 Date: 2/28/2015
Perf: $1,935.73 Date: 1/31/2015
Perf: $1,830.47 Date: 12/31/2014
Perf: $1,887.09 Date: 11/30/2014
Perf: $1,891.82 Date: 10/31/2014
Perf: $1,842.26 Date: 9/30/2014
Perf: $1,798.38 Date: 8/31/2014
Perf: $1,823.91 Date: 7/31/2014
Perf: $1,753.76 Date: 6/30/2014
Perf: $1,778.30 Date: 5/31/2014
Perf: $1,742.24 Date: 4/30/2014
Perf: $1,702.24 Date: 3/31/2014
Perf: $1,689.73 Date: 2/28/2014
Perf: $1,675.66 Date: 1/31/2014
Perf: $1,602.43 Date: 12/31/2013
Perf: $1,659.86 Date: 11/30/2013
Perf: $1,618.90 Date: 10/31/2013
Perf: $1,570.98 Date: 9/30/2013
Perf: $1,501.90 Date: 8/31/2013
Perf: $1,456.17 Date: 7/31/2013
Perf: $1,499.66 Date: 6/30/2013
Perf: $1,427.03 Date: 5/31/2013
Perf: $1,446.41 Date: 4/30/2013
Perf: $1,413.34 Date: 3/31/2013
Perf: $1,386.58 Date: 2/28/2013
Perf: $1,336.46 Date: 1/31/2013
Perf: $1,318.53 Date: 12/31/2012
Perf: $1,253.59 Date: 11/30/2012
Perf: $1,242.29 Date: 10/31/2012
Perf: $1,235.12 Date: 9/30/2012
Perf: $1,258.40 Date: 8/31/2012
Perf: $1,226.75 Date: 7/31/2012
Perf: $1,199.76 Date: 6/30/2012
Perf: $1,183.31 Date: 5/31/2012
Perf: $1,136.49 Date: 4/30/2012
Perf: $1,209.16 Date: 3/31/2012
Perf: $1,216.82 Date: 2/29/2012
Perf: $1,178.06 Date: 1/31/2012
Perf: $1,129.28 Date: 12/31/2011
Perf: $1,080.86 Date: 11/30/2011
Perf: $1,069.94 Date: 10/31/2011
Perf: $1,072.30 Date: 9/30/2011
Perf: $966.65 Date: 8/31/2011
Perf: $1,039.74 Date: 7/31/2011
Perf: $1,099.44 Date: 6/30/2011
Perf: $1,122.22 Date: 5/31/2011
Perf: $1,141.28 Date: 4/30/2011
Perf: $1,154.33 Date: 3/31/2011
Perf: $1,121.14 Date: 2/28/2011
Perf: $1,120.69 Date: 1/31/2011
Perf: $1,083.53 Date: 12/31/2010
Perf: $1,058.44 Date: 11/30/2010
Perf: $992.17 Date: 10/31/2010
Perf: $992.07 Date: 9/30/2010
Perf: $955.66 Date: 8/31/2010
Perf: $877.39 Date: 7/31/2010
Perf: $918.83 Date: 6/30/2010
Perf: $858.64 Date: 5/31/2010
Perf: $906.03 Date: 4/30/2010
Perf: $984.70 Date: 3/31/2010
Perf: $969.39 Date: 2/28/2010
Perf: $914.26 Date: 1/31/2010
Perf: $886.77 Date: 12/31/2009
Perf: $919.88 Date: 11/30/2009
Perf: $902.47 Date: 10/31/2009
Perf: $851.38 Date: 9/30/2009
Perf: $867.52 Date: 8/31/2009
Perf: $836.32 Date: 7/31/2009
Perf: $807.18 Date: 6/30/2009
Perf: $750.45 Date: 5/31/2009
Perf: $748.95 Date: 4/30/2009
Perf: $709.30 Date: 3/31/2009
Perf: $647.35 Date: 2/28/2009
Perf: $595.21 Date: 1/31/2009
Perf: $666.16 Date: 12/31/2008
Perf: $727.48 Date: 11/30/2008
Perf: $719.85 Date: 10/31/2008
Perf: $775.54 Date: 9/30/2008
Perf: $932.02 Date: 8/31/2008
Perf: $1,023.19 Date: 7/31/2008
Perf: $1,008.57 Date: 6/30/2008
Perf: $1,017.11 Date: 5/31/2008
Perf: $1,110.74 Date: 4/30/2008
Perf: $1,096.49 Date: 3/31/2008
Perf: $1,045.57 Date: 2/29/2008
Perf: $1,050.09 Date: 1/31/2008
Perf: $1,085.36 Date: 12/31/2007
Perf: $1,154.64 Date: 11/30/2007
Perf: $1,162.66 Date: 10/31/2007
Perf: $1,213.38 Date: 9/30/2007
Perf: $1,194.39 Date: 8/31/2007
Perf: $1,151.33 Date: 7/31/2007
Perf: $1,134.32 Date: 6/30/2007
Perf: $1,170.60 Date: 5/31/2007
Perf: $1,190.36 Date: 4/30/2007
Perf: $1,150.22 Date: 3/31/2007
Perf: $1,101.43 Date: 2/28/2007
Perf: $1,089.23 Date: 1/31/2007
Perf: $1,111.00 Date: 12/31/2006
Perf: $1,094.48 Date: 11/30/2006
Perf: $1,079.37 Date: 10/31/2006
Perf: $1,059.24 Date: 9/30/2006
Perf: $1,025.80 Date: 8/31/2006
Perf: $1,000.00 Date: 4/30/2019
Perf: $2,288.68 Date: 3/31/2019
Perf: $2,291.66 Date: 2/28/2019
Perf: $2,172.60 Date: 1/31/2019
Perf: $2,180.23 Date: 12/31/2018
Perf: $2,133.09 Date: 11/30/2018
Perf: $2,134.58 Date: 10/31/2018
Perf: $2,213.61 Date: 9/30/2018
Perf: $2,257.17 Date: 8/31/2018
Perf: $2,307.95 Date: 7/31/2018
Perf: $2,359.62 Date: 6/30/2018
Perf: $2,339.97 Date: 5/31/2018
Perf: $2,499.16 Date: 4/30/2018
Perf: $2,483.52 Date: 3/31/2018
Perf: $2,496.75 Date: 2/28/2018
Perf: $2,434.43 Date: 1/31/2018
Perf: $2,392.56 Date: 12/31/2017
Perf: $2,385.64 Date: 11/30/2017
Perf: $2,418.04 Date: 10/31/2017
Perf: $2,447.16 Date: 9/30/2017
Perf: $2,491.26 Date: 8/31/2017
Perf: $2,491.26 Date: 7/31/2017
Perf: $2,503.02 Date: 6/30/2017
Perf: $2,422.59 Date: 5/31/2017
Perf: $2,487.26 Date: 4/30/2017
Perf: $2,473.41 Date: 3/31/2017
Perf: $2,468.72 Date: 2/28/2017
Perf: $2,454.97 Date: 1/31/2017
Perf: $2,514.05 Date: 12/31/2016
Perf: $2,507.78 Date: 11/30/2016
Perf: $2,430.02 Date: 10/31/2016
Perf: $2,463.03 Date: 9/30/2016
Perf: $2,554.21 Date: 8/31/2016
Perf: $2,536.46 Date: 7/31/2016
Perf: $2,584.53 Date: 6/30/2016
Perf: $2,713.13 Date: 5/31/2016
Perf: $2,490.25 Date: 4/30/2016
Perf: $2,465.60 Date: 3/31/2016
Perf: $2,363.04 Date: 2/29/2016
Perf: $2,295.33 Date: 1/31/2016
Perf: $2,306.40 Date: 12/31/2015
Perf: $2,336.54 Date: 11/30/2015
Perf: $2,344.75 Date: 10/31/2015
Perf: $2,415.28 Date: 9/30/2015
Perf: $2,437.70 Date: 8/31/2015
Perf: $2,485.17 Date: 7/31/2015
Perf: $2,539.26 Date: 6/30/2015
Perf: $2,543.58 Date: 5/31/2015
Perf: $2,587.04 Date: 4/30/2015
Perf: $2,603.44 Date: 3/31/2015
Perf: $2,577.67 Date: 2/28/2015
Perf: $2,576.64 Date: 1/31/2015
Perf: $2,580.51 Date: 12/31/2014
Perf: $2,523.72 Date: 11/30/2014
Perf: $2,589.76 Date: 10/31/2014
Perf: $2,565.39 Date: 9/30/2014
Perf: $2,621.76 Date: 8/31/2014
Perf: $2,594.52 Date: 7/31/2014
Perf: $2,580.58 Date: 6/30/2014
Perf: $2,526.02 Date: 5/31/2014
Perf: $2,492.86 Date: 4/30/2014
Perf: $2,460.87 Date: 3/31/2014
Perf: $2,493.54 Date: 2/28/2014
Perf: $2,504.31 Date: 1/31/2014
Perf: $2,571.16 Date: 12/31/2013
Perf: $2,564.74 Date: 11/30/2013
Perf: $2,500.48 Date: 10/31/2013
Perf: $2,516.34 Date: 9/30/2013
Perf: $2,513.32 Date: 8/31/2013
Perf: $2,474.96 Date: 7/31/2013
Perf: $2,544.68 Date: 6/30/2013
Perf: $2,483.34 Date: 5/31/2013
Perf: $2,442.07 Date: 4/30/2013
Perf: $2,584.75 Date: 3/31/2013
Perf: $2,571.38 Date: 2/28/2013
Perf: $2,582.48 Date: 1/31/2013
Perf: $2,529.86 Date: 12/31/2012
Perf: $2,529.86 Date: 11/30/2012
Perf: $2,561.63 Date: 10/31/2012
Perf: $2,580.98 Date: 9/30/2012
Perf: $2,688.53 Date: 8/31/2012
Perf: $2,689.87 Date: 7/31/2012
Perf: $2,682.89 Date: 6/30/2012
Perf: $2,621.29 Date: 5/31/2012
Perf: $2,556.86 Date: 4/30/2012
Perf: $2,622.69 Date: 3/31/2012
Perf: $2,595.95 Date: 2/29/2012
Perf: $2,604.55 Date: 1/31/2012
Perf: $2,602.73 Date: 12/31/2011
Perf: $2,587.72 Date: 11/30/2011
Perf: $2,670.50 Date: 10/31/2011
Perf: $2,656.95 Date: 9/30/2011
Perf: $2,634.04 Date: 8/31/2011
Perf: $2,731.55 Date: 7/31/2011
Perf: $2,693.57 Date: 6/30/2011
Perf: $2,684.18 Date: 5/31/2011
Perf: $2,721.19 Date: 4/30/2011
Perf: $2,610.75 Date: 3/31/2011
Perf: $2,536.68 Date: 2/28/2011
Perf: $2,470.23 Date: 1/31/2011
Perf: $2,477.42 Date: 12/31/2010
Perf: $2,422.43 Date: 11/30/2010
Perf: $2,334.42 Date: 10/31/2010
Perf: $2,320.50 Date: 9/30/2010
Perf: $2,251.82 Date: 8/31/2010
Perf: $2,173.57 Date: 7/31/2010
Perf: $2,128.44 Date: 6/30/2010
Perf: $2,156.04 Date: 5/31/2010
Perf: $2,007.11 Date: 4/30/2010
Perf: $1,950.55 Date: 3/31/2010
Perf: $1,919.64 Date: 2/28/2010
Perf: $1,995.88 Date: 1/31/2010
Perf: $1,925.60 Date: 12/31/2009
Perf: $1,927.72 Date: 11/30/2009
Perf: $1,895.50 Date: 10/31/2009
Perf: $1,931.62 Date: 9/30/2009
Perf: $1,917.05 Date: 8/31/2009
Perf: $1,879.64 Date: 7/31/2009
Perf: $1,911.76 Date: 6/30/2009
Perf: $1,955.17 Date: 5/31/2009
Perf: $1,932.56 Date: 4/30/2009
Perf: $1,929.08 Date: 3/31/2009
Perf: $1,900.01 Date: 2/28/2009
Perf: $1,868.99 Date: 1/31/2009
Perf: $1,954.39 Date: 12/31/2008
Perf: $1,892.33 Date: 11/30/2008
Perf: $1,923.49 Date: 10/31/2008
Perf: $2,086.44 Date: 9/30/2008
Perf: $2,154.08 Date: 8/31/2008
Perf: $2,204.33 Date: 7/31/2008
Perf: $2,242.23 Date: 6/30/2008
Perf: $2,361.48 Date: 5/31/2008
Perf: $2,287.82 Date: 4/30/2008
Perf: $2,251.34 Date: 3/31/2008
Perf: $2,064.69 Date: 2/29/2008
Perf: $1,915.12 Date: 1/31/2008
Perf: $1,948.24 Date: 12/31/2007
Perf: $1,814.51 Date: 11/30/2007
Perf: $1,600.81 Date: 10/31/2007
Perf: $1,525.01 Date: 9/30/2007
Perf: $1,377.73 Date: 8/31/2007
Perf: $1,316.26 Date: 7/31/2007
Perf: $1,197.26 Date: 6/30/2007
Perf: $1,170.22 Date: 5/31/2007
Perf: $1,157.61 Date: 4/30/2007
Perf: $1,171.55 Date: 3/31/2007
Perf: $1,145.99 Date: 2/28/2007
Perf: $1,106.81 Date: 1/31/2007
Perf: $1,045.25 Date: 12/31/2006
Perf: $1,095.42 Date: 11/30/2006
Perf: $1,097.50 Date: 10/31/2006
Perf: $1,060.70 Date: 9/30/2006
Perf: $1,015.70 Date: 8/31/2006
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 08/06 - 04/19
Date: 4/30/2019
Return: -0.13 % Date: 3/31/2019
Return: 5.48 % Date: 2/28/2019
Return: -0.35 % Date: 1/31/2019
Return: 2.21 % Date: 12/31/2018
Return: -0.07 % Date: 11/30/2018
Return: -3.57 % Date: 10/31/2018
Return: -1.93 % Date: 9/30/2018
Return: -2.20 % Date: 8/31/2018
Return: -2.19 % Date: 7/31/2018
Return: 0.84 % Date: 6/30/2018
Return: -6.37 % Date: 5/31/2018
Return: 0.63 % Date: 4/30/2018
Return: -0.53 % Date: 3/31/2018
Return: 2.56 % Date: 2/28/2018
Return: 1.75 % Date: 1/31/2018
Return: 0.29 % Date: 12/31/2017
Return: -1.34 % Date: 11/30/2017
Return: -1.19 % Date: 10/31/2017
Return: -1.77 % Date: 9/30/2017
Return: 0.00 % Date: 8/31/2017
Return: -0.47 % Date: 7/31/2017
Return: 3.32 % Date: 6/30/2017
Return: -2.60 % Date: 5/31/2017
Return: 0.56 % Date: 4/30/2017
Return: 0.19 % Date: 3/31/2017
Return: 0.56 % Date: 2/28/2017
Return: -2.35 % Date: 1/31/2017
Return: 0.25 % Date: 12/31/2016
Return: 3.20 % Date: 11/30/2016
Return: -1.34 % Date: 10/31/2016
Return: -3.57 % Date: 9/30/2016
Return: 0.70 % Date: 8/31/2016
Return: -1.86 % Date: 7/31/2016
Return: -4.74 % Date: 6/30/2016
Return: 8.95 % Date: 5/31/2016
Return: 1.00 % Date: 4/30/2016
Return: 4.34 % Date: 3/31/2016
Return: 2.95 % Date: 2/29/2016
Return: -0.48 % Date: 1/31/2016
Return: -1.29 % Date: 12/31/2015
Return: -0.35 % Date: 11/30/2015
Return: -2.92 % Date: 10/31/2015
Return: -0.92 % Date: 9/30/2015
Return: -1.91 % Date: 8/31/2015
Return: -2.13 % Date: 7/31/2015
Return: -0.17 % Date: 6/30/2015
Return: -1.68 % Date: 5/31/2015
Return: -0.63 % Date: 4/30/2015
Return: 1.00 % Date: 3/31/2015
Return: 0.04 % Date: 2/28/2015
Return: -0.15 % Date: 1/31/2015
Return: 2.25 % Date: 12/31/2014
Return: -2.55 % Date: 11/30/2014
Return: 0.95 % Date: 10/31/2014
Return: -2.15 % Date: 9/30/2014
Return: 1.05 % Date: 8/31/2014
Return: 0.54 % Date: 7/31/2014
Return: 2.16 % Date: 6/30/2014
Return: 1.33 % Date: 5/31/2014
Return: 1.30 % Date: 4/30/2014
Return: -1.31 % Date: 3/31/2014
Return: -0.43 % Date: 2/28/2014
Return: -2.60 % Date: 1/31/2014
Return: 0.25 % Date: 12/31/2013
Return: 2.57 % Date: 11/30/2013
Return: -0.63 % Date: 10/31/2013
Return: 0.12 % Date: 9/30/2013
Return: 1.55 % Date: 8/31/2013
Return: -2.74 % Date: 7/31/2013
Return: 2.47 % Date: 6/30/2013
Return: 1.69 % Date: 5/31/2013
Return: -5.52 % Date: 4/30/2013
Return: 0.52 % Date: 3/31/2013
Return: -0.43 % Date: 2/28/2013
Return: 2.08 % Date: 1/31/2013
Return: 0.00 % Date: 12/31/2012
Return: -1.24 % Date: 11/30/2012
Return: -0.75 % Date: 10/31/2012
Return: -4.00 % Date: 9/30/2012
Return: -0.05 % Date: 8/31/2012
Return: 0.26 % Date: 7/31/2012
Return: 2.35 % Date: 6/30/2012
Return: 2.52 % Date: 5/31/2012
Return: -2.51 % Date: 4/30/2012
Return: 1.03 % Date: 3/31/2012
Return: -0.33 % Date: 2/29/2012
Return: 0.07 % Date: 1/31/2012
Return: 0.58 % Date: 12/31/2011
Return: -3.10 % Date: 11/30/2011
Return: 0.51 % Date: 10/31/2011
Return: 0.87 % Date: 9/30/2011
Return: -3.57 % Date: 8/31/2011
Return: 1.41 % Date: 7/31/2011
Return: 0.35 % Date: 6/30/2011
Return: -1.36 % Date: 5/31/2011
Return: 4.23 % Date: 4/30/2011
Return: 2.92 % Date: 3/31/2011
Return: 2.69 % Date: 2/28/2011
Return: -0.29 % Date: 1/31/2011
Return: 2.27 % Date: 12/31/2010
Return: 3.77 % Date: 11/30/2010
Return: 0.60 % Date: 10/31/2010
Return: 3.05 % Date: 9/30/2010
Return: 3.60 % Date: 8/31/2010
Return: 2.12 % Date: 7/31/2010
Return: -1.28 % Date: 6/30/2010
Return: 7.42 % Date: 5/31/2010
Return: 2.90 % Date: 4/30/2010
Return: 1.61 % Date: 3/31/2010
Return: -3.82 % Date: 2/28/2010
Return: 3.65 % Date: 1/31/2010
Return: -0.11 % Date: 12/31/2009
Return: 1.70 % Date: 11/30/2009
Return: -1.87 % Date: 10/31/2009
Return: 0.76 % Date: 9/30/2009
Return: 1.99 % Date: 8/31/2009
Return: -1.68 % Date: 7/31/2009
Return: -2.22 % Date: 6/30/2009
Return: 1.17 % Date: 5/31/2009
Return: 0.18 % Date: 4/30/2009
Return: 1.53 % Date: 3/31/2009
Return: 1.66 % Date: 2/28/2009
Return: -4.37 % Date: 1/31/2009
Return: 3.28 % Date: 12/31/2008
Return: -1.62 % Date: 11/30/2008
Return: -7.81 % Date: 10/31/2008
Return: -3.14 % Date: 9/30/2008
Return: -2.28 % Date: 8/31/2008
Return: -1.69 % Date: 7/31/2008
Return: -5.05 % Date: 6/30/2008
Return: 3.22 % Date: 5/31/2008
Return: 1.62 % Date: 4/30/2008
Return: 9.04 % Date: 3/31/2008
Return: 7.81 % Date: 2/29/2008
Return: -1.70 % Date: 1/31/2008
Return: 7.37 % Date: 12/31/2007
Return: 13.35 % Date: 11/30/2007
Return: 4.97 % Date: 10/31/2007
Return: 10.69 % Date: 9/30/2007
Return: 4.67 % Date: 8/31/2007
Return: 9.94 % Date: 7/31/2007
Return: 2.31 % Date: 6/30/2007
Return: 1.09 % Date: 5/31/2007
Return: -1.19 % Date: 4/30/2007
Return: 2.23 % Date: 3/31/2007
Return: 3.54 % Date: 2/28/2007
Return: 5.89 % Date: 1/31/2007
Return: -4.58 % Date: 12/31/2006
Return: -0.19 % Date: 11/30/2006
Return: 3.47 % Date: 10/31/2006
Return: 4.43 % Date: 9/30/2006
Return: 1.57 % Date: 8/31/2006
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 08/06 - 04/19
Return: -6.00 %
Count: 2 Return: -4.00 %
Count: 6 Return: -8.00 %
Count: 1 Return: -3.00 %
Count: 8 Return: 9.00 %
Count: 2 Return: 8.00 %
Count: 1 Return: -2.00 %
Count: 17 Return: 7.00 %
Count: 2 Return: 13.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: 5.00 %
Count: 3 Return: 10.00 %
Count: 1 Return: 1.00 %
Count: 22 Return: -1.00 %
Count: 14 Return: 6.00 %
Count: 1 Return: -5.00 %
Count: 3 Return: 3.00 %
Count: 13 Return: 4.00 %
Count: 7 Return: 2.00 %
Count: 20 Return: 0.00 %
Count: 28
Note: All performance data is since program inception.

Underwater Curve

Date Range: 08/06 - 04/19
Date: 4/30/2019
Drawdown: -16.21 % Date: 3/31/2019
Drawdown: -16.10 % Date: 2/28/2019
Drawdown: -20.46 % Date: 1/31/2019
Drawdown: -20.18 % Date: 12/31/2018
Drawdown: -21.91 % Date: 11/30/2018
Drawdown: -21.85 % Date: 10/31/2018
Drawdown: -18.96 % Date: 9/30/2018
Drawdown: -17.37 % Date: 8/31/2018
Drawdown: -15.51 % Date: 7/31/2018
Drawdown: -13.62 % Date: 6/30/2018
Drawdown: -14.34 % Date: 5/31/2018
Drawdown: -8.51 % Date: 4/30/2018
Drawdown: -9.08 % Date: 3/31/2018
Drawdown: -8.60 % Date: 2/28/2018
Drawdown: -10.88 % Date: 1/31/2018
Drawdown: -12.41 % Date: 12/31/2017
Drawdown: -12.66 % Date: 11/30/2017
Drawdown: -11.48 % Date: 10/31/2017
Drawdown: -10.41 % Date: 9/30/2017
Drawdown: -8.80 % Date: 8/31/2017
Drawdown: -8.80 % Date: 7/31/2017
Drawdown: -8.37 % Date: 6/30/2017
Drawdown: -11.31 % Date: 5/31/2017
Drawdown: -8.94 % Date: 4/30/2017
Drawdown: -9.45 % Date: 3/31/2017
Drawdown: -9.62 % Date: 2/28/2017
Drawdown: -10.13 % Date: 1/31/2017
Drawdown: -7.96 % Date: 12/31/2016
Drawdown: -8.19 % Date: 11/30/2016
Drawdown: -11.04 % Date: 10/31/2016
Drawdown: -9.83 % Date: 9/30/2016
Drawdown: -6.49 % Date: 8/31/2016
Drawdown: -7.14 % Date: 7/31/2016
Drawdown: -5.38 % Date: 6/30/2016
Drawdown: -0.67 % Date: 5/31/2016
Drawdown: -8.83 % Date: 4/30/2016
Drawdown: -9.74 % Date: 3/31/2016
Drawdown: -13.49 % Date: 2/29/2016
Drawdown: -15.97 % Date: 1/31/2016
Drawdown: -15.56 % Date: 12/31/2015
Drawdown: -14.46 % Date: 11/30/2015
Drawdown: -14.16 % Date: 10/31/2015
Drawdown: -11.58 % Date: 9/30/2015
Drawdown: -10.76 % Date: 8/31/2015
Drawdown: -9.02 % Date: 7/31/2015
Drawdown: -7.04 % Date: 6/30/2015
Drawdown: -6.88 % Date: 5/31/2015
Drawdown: -5.29 % Date: 4/30/2015
Drawdown: -4.69 % Date: 3/31/2015
Drawdown: -5.63 % Date: 2/28/2015
Drawdown: -5.67 % Date: 1/31/2015
Drawdown: -5.53 % Date: 12/31/2014
Drawdown: -7.61 % Date: 11/30/2014
Drawdown: -5.19 % Date: 10/31/2014
Drawdown: -6.08 % Date: 9/30/2014
Drawdown: -4.02 % Date: 8/31/2014
Drawdown: -5.02 % Date: 7/31/2014
Drawdown: -5.53 % Date: 6/30/2014
Drawdown: -7.52 % Date: 5/31/2014
Drawdown: -8.74 % Date: 4/30/2014
Drawdown: -9.91 % Date: 3/31/2014
Drawdown: -8.71 % Date: 2/28/2014
Drawdown: -8.32 % Date: 1/31/2014
Drawdown: -5.87 % Date: 12/31/2013
Drawdown: -6.11 % Date: 11/30/2013
Drawdown: -8.46 % Date: 10/31/2013
Drawdown: -7.88 % Date: 9/30/2013
Drawdown: -7.99 % Date: 8/31/2013
Drawdown: -9.39 % Date: 7/31/2013
Drawdown: -6.84 % Date: 6/30/2013
Drawdown: -9.09 % Date: 5/31/2013
Drawdown: -10.60 % Date: 4/30/2013
Drawdown: -5.37 % Date: 3/31/2013
Drawdown: -5.86 % Date: 2/28/2013
Drawdown: -5.46 % Date: 1/31/2013
Drawdown: -7.38 % Date: 12/31/2012
Drawdown: -7.38 % Date: 11/30/2012
Drawdown: -6.22 % Date: 10/31/2012
Drawdown: -5.51 % Date: 9/30/2012
Drawdown: -1.58 % Date: 8/31/2012
Drawdown: -1.53 % Date: 7/31/2012
Drawdown: -1.78 % Date: 6/30/2012
Drawdown: -4.04 % Date: 5/31/2012
Drawdown: -6.40 % Date: 4/30/2012
Drawdown: -3.99 % Date: 3/31/2012
Drawdown: -4.96 % Date: 2/29/2012
Drawdown: -4.65 % Date: 1/31/2012
Drawdown: -4.72 % Date: 12/31/2011
Drawdown: -5.27 % Date: 11/30/2011
Drawdown: -2.23 % Date: 10/31/2011
Drawdown: -2.73 % Date: 9/30/2011
Drawdown: -3.57 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -1.01 % Date: 6/30/2011
Drawdown: -1.36 % Date: 5/31/2011
Drawdown: 0.00 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: 0.00 % Date: 2/28/2011
Drawdown: -0.29 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -1.15 % Date: 10/31/2010
Drawdown: -1.74 % Date: 9/30/2010
Drawdown: -4.64 % Date: 8/31/2010
Drawdown: -7.96 % Date: 7/31/2010
Drawdown: -9.87 % Date: 6/30/2010
Drawdown: -8.70 % Date: 5/31/2010
Drawdown: -15.01 % Date: 4/30/2010
Drawdown: -17.40 % Date: 3/31/2010
Drawdown: -18.71 % Date: 2/28/2010
Drawdown: -15.48 % Date: 1/31/2010
Drawdown: -18.46 % Date: 12/31/2009
Drawdown: -18.37 % Date: 11/30/2009
Drawdown: -19.73 % Date: 10/31/2009
Drawdown: -18.20 % Date: 9/30/2009
Drawdown: -18.82 % Date: 8/31/2009
Drawdown: -20.40 % Date: 7/31/2009
Drawdown: -19.04 % Date: 6/30/2009
Drawdown: -17.21 % Date: 5/31/2009
Drawdown: -18.16 % Date: 4/30/2009
Drawdown: -18.31 % Date: 3/31/2009
Drawdown: -19.54 % Date: 2/28/2009
Drawdown: -20.86 % Date: 1/31/2009
Drawdown: -17.24 % Date: 12/31/2008
Drawdown: -19.87 % Date: 11/30/2008
Drawdown: -18.55 % Date: 10/31/2008
Drawdown: -11.65 % Date: 9/30/2008
Drawdown: -8.78 % Date: 8/31/2008
Drawdown: -6.65 % Date: 7/31/2008
Drawdown: -5.05 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: 0.00 % Date: 2/29/2008
Drawdown: -1.70 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: 0.00 % Date: 7/31/2007
Drawdown: 0.00 % Date: 6/30/2007
Drawdown: -0.11 % Date: 5/31/2007
Drawdown: -1.19 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: 0.00 % Date: 1/31/2007
Drawdown: -4.76 % Date: 12/31/2006
Drawdown: -0.19 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: 0.00 % Date: 9/30/2006
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Aventis Asset Management, LLC
Address: 2150 E. Lake Cook Road, Suite 720
City: Buffalo Grove
State: IL
Zip: 60089
Country: USA

Key People

Name:  Paul Kim
Position:  Principal
Biography: 

As President and Managing Member of the Manager, Mr Kim oversees all trading and is responsible for establishing and implementing trading strategy. He has been successfully trading commodity markets for outside investors since founding LaSalle Asset Management, a commodity trading advisor and commodity pool operator in 1999. Prior to 1999, Mr. Kim was an independent floor trader and broker at the CBOT from 1990 to 1998 where he focused on inter and intra market spreads. Before joining the CBOT, he was employed by Cargill Incorporated as a grain trader in various capacities from 1982 to 1989 that included: origination of grain from farmer and country elevators, trading cargoes of grain to the Far East, managing large scale premium positions, developing supply and demand scenarios and logistics of export grain elevators and execution of futures orders and developing hedging and speculative trading strategies. Mr. Kim received his B.A. in Economics and Biochemistry from Northwestern University in 1982. Mr. Kim has been the Chief Financial Officer of Misfit Financial since December 2004.


Additional Information

 Futures Sectors Traded
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Technical Yes 
 Trend Following Yes 
 Macro-economic Yes 
 Discretionary Yes 
 Diversified Yes 
 Pattern Recognition Yes 
 Instruments Traded
 Futures Yes 
 Listed Options Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Short Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $8,000,000 
 Margin / Equity Ratio: 9% 
 Managed Account Availability: Open