Composite Returns

NAV Growth

Performance and Profile


FUTURES TRADING INVOLVES A SUBSTANTIAL RISK OF LOSS PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

NT Between November-December 2011, Melissinos Trading transitioned to a commodity pool structure. As a result, no trades or fees were taken. ᴱRepresents estimated not actual performance. ^Sharpe Ratio uses a 0% risk free rate. ^^Sortino Ratio uses a 0% risk free rate. *Commodities = Goldman Sachs Commodity Index Total Return.

The Barclay CTA Index is a leading industry benchmark of representative performance of commodity trading advisors. There are currently 532 programs included in the calculation of the Barclay CTA Index for the year 2016, which is unweighted and rebalanced at the beginning of each year. To qualify for inclusion in the CTA Index, an advisor must have four years of prior performance history. Additional programs introduced by qualified advisors are not added to the Index until after their second year. These restrictions, which offset the high turnover rates of trading advisors as well as their artificially high short-term performance records, ensure the accuracy and reliability of the Barclay CTA Index.

An investor cannot directly invest in an index. An index does not reflect fees that may be charged to an investment vehicle that is based on the index. Data is obtained from what Melissinos Trading holds to be reliable sources.

This information is produced by Melissinos Trading, LLC (the “Advisor”). For all of 2011, the Advisor’s performance reflects the composite performance of all accounts advised. Performance includes actively managed accounts with speculative trading profits as the objective. Performance does not reflect the performance of any one account, but rather a combination of the historical performance of multiple accounts and portfolios. Therefore, an individual account and a particular trading portfolio may have realized more or less favorable results than the composite indicates. From January 2012 to date, returns shown are actual returns of Melissinos Trading’s trading program “Eupatrid Commodity Program” as traded in Fund accounts. The returns represent the actual performance of all of the Fund accounts traded as a whole. The performance includes a transition period between November 2011 – December 2011 where no trading took place. Records, which document and support this performance are available upon request. The returns above are net of management fees (paid monthly) and performance fees (paid quarterly net of any new trading profits); fees vary amongst Fund participants. Actual returns of individual Fund participants or private client accounts may deviate from trading program returns depending on trading level, investment timing, & fee differences, among other factors. Further information on performance & method of calculation can be found in the Disclosure Document, which is available upon request. No representation is being made that any account is likely to achieve profits and losses similar to those shown. All information contained here, is subject to change without notice. Important information about the Eupatrid Commodity Program including risks, objective, strategy and fees is contained in the disclosure document. This is not and may not be used as a recommendation or a solicitation.

This page contains certain forward looking statements and projections. Such statements and projections are subject to a number of assumptions, risks and uncertainties which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by these forward-looking statements and projections. Prospective investors are cautioned not to invest based on these forward-looking statements and projections. Certain information contained herein has been supplied to the Advisor by third parties. While the Advisor believes such sources are reliable, it cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete. An investment with the Advisor is speculative, involves a high degree of risk and is intended only for sophisticated investors who are able to bear the loss or more of their entire investment.

THIS MATERIAL IS FOR INFORMATIONAL PURPOSES ONLY. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK. PLEASE REVIEW MELISSINOS TRADING’S CURRENT DISCLOSURE DOCUMENT FOR A COMPLETE DESCRIPTION OF THE EUPATRID COMMODITY PROGRAM AND IT’S ASSOCIATED RISK.

Monthly Reports

July 2017

July -1.05% (estimated), YTD -6.04%. Recap of the month’s trading activity, Positions Report, Portfolio Open Risk and Performance Statistics. Past Performance is Not Necessarily Indicative of Future Results.