Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
The AIS Tactical Asset Allocation Portfolio (TAAP) strategy employs a long term, discretionary, fundamental global macro investment process for its tactical asset allocation methodology. For a given long term global macroeconomic environment, the TAAP strategy tactically over weights asset sectors likely to outperform and under weights those with above average risk. It seeks to provide conservative long term growth of capital and preservation of purchasing power through active investment in gold, select equities, bonds, and cash equivalents. TAAP is a long-only portfolio and does not use any leverage. When the portfolio has an allocation to equities, the portfolio managers use a proprietary stock selection process that combines quantitative and fundamental, macroeconomic analysis to identify a portfolio of companies poised to outperform in the current economic environment.
Founded in 1993 and more than 97% employee owned, AIS Capital Management, L.P., is an investment management firm focused on the absolute-return strategies in global financial markets. Relying on a thorough understanding of the driving forces behind price action in global markets, the investment team has developed and implemented discretionary and systematic global macro strategies that seek to generate alpha over multiple market cycles while minimizing risk. The firm offers several global macro programs, a balanced asset allocation strategy, and a gold strategy. AIS stands for “Applied Intelligence Strategies,” a term for computer programs that combine the best aspects of sound investment principles with the strict disciplines of mathematics.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.60% | 7.86% | -11.45% | -1.11% | -1.68% | -12.58% | 0.84% | -7.00% | -24.73% | |||||
| 2025 | 7.12% | 0.85% | 9.36% | 5.72% | -0.34% | 0.43% | -0.41% | 4.79% | 11.86% | 3.71% | 5.40% | 2.47% | 63.46% | -0.41% |
| 2024 | -1.12% | 0.08% | 8.00% | 3.91% | 2.27% | -0.68% | 4.37% | 3.14% | 4.59% | 3.68% | -2.64% | -1.68% | 26.05% | -4.28% |
| 2023 | 6.27% | -4.90% | 7.58% | 0.21% | -1.19% | -2.02% | 3.11% | -1.59% | -3.61% | 5.74% | 2.16% | 1.88% | 13.54% | -5.31% |
| 2022 | -1.22% | 5.73% | 1.87% | -1.95% | -3.24% | -1.88% | -2.88% | -2.18% | -2.71% | -1.15% | 6.52% | 2.91% | -0.81% | -14.95% |
| 2021 | -1.08% | -5.21% | -2.49% | 3.83% | 6.96% | -6.28% | 2.78% | -0.66% | -3.40% | 1.36% | 1.41% | 1.16% | -2.40% | -8.57% |
Track Record Compiled By: N/A
Accounting Notes: The Fund is Exempt 4.12(b)(2)(i) Fund
| Year | Yearly Return | Max DD |
|---|---|---|
| 2026 | -7.00% | -24.73% |
| 2025 | 63.46% | -0.41% |
| 2024 | 26.05% | -4.28% |
(QEPs) Qualified Eligible Investors Only:
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.
Risk Disclosure
THIS MATTER MAY BE INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, FOREIGN EXCHANGE ('FOREX') AND/OR CRYPTOCURRENCIES IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS.
THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.
AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.