PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Composites are combinations of separately managed accounts. Performance figures are net of all fees. Notionally funded accounts would experience larger losses and larger gains relative to cash on deposit at your FCM than represented by Composites, which are calculated based on total trading level of the accounts. Performance accounting is performed by outside provider specializing in this industry. Proprietary Composite represents accounts owned by the owner and principal of the firm and / or close family members. Customer Composite represents accounts owned by customers of the firm. Variance between proprietary and customer composites at time of inception for customer composite is due to scaling in new assets. Variance between composites or composites and individual accounts is expected to be minimal, but is sometimes possible for the following reasons: new assets are being scaled in, small capitalization differences, slight fee differences at your FCM, or fee agreement differences with ACT.
Proprietary performance is adjusted as if standard client fees had been charged.
THE RISK OF LOSS IN TRADING FUTURES CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.