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Tactical Investment Mgt Corp - Tactical Multistrategy Commodity Fund, LP

Principal(s): Dr. Dave Druz, Colleen Haviland
Strategy: Multi-Advisor Futures Fund
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Investment Restrictions: Accredited Investors Only++
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P.O. Box 976
Haleiwa, HI 96712 USA
714.665.4313
http://www.tacticalnet.com
Main E-Mail: [email protected]
Marketing E-Mail: [email protected]

Statistics & Program Information

Feb Return -3.71%	Worst Drawdown ⁽²⁾ -28.71%	Minimum Investment $100,000
YTD Return -4.17%	Losing Streak ⁽³⁾ -11.01 %	AUM⁽⁵⁾ $59,500,000
Annual CROR:¹ 11.44%	Sharpe Ratio ⁽⁴⁾ 0.72	Calmar Ratio ⁽⁶⁾ N/A

Trading Methodology	Style Sub-Categories	Trading Style
Market Sector	Holding Period	Geographic Sector Contracts:

Start Date Nov-2000	Currency US Dollars	Margin ⁽⁷⁾ 0%
New Money Yes	AUM ⁽⁵⁾ $59,500,000	Management Fee 2.50%
Min Investment $100,000	Annual CROR ¹ 11.44%	Incentive Fee 20.00%
Fund Minimum $100,000	Losing Streak ⁽³⁾ -11.01 %	Other Fees None
Notional Funds No	Worst Drawdown ⁽²⁾ -28.71 %	Avg Comm ⁽⁸⁾ $0.00
NFA Member Yes	Sharpe Ratio ⁽⁴⁾ 0.72	Max Comm ⁽⁹⁾ 0.00
NFA Number 0350676	Calmar Ratio ⁽⁶⁾ N/A	Round Turns ⁽¹⁰⁾ 0

Starting Date: Nov-2000	Currency: US Dollars
Open to New Investors: Yes	Current Assets: $59,500,000
Open to US Investors: Yes	Annual CROR: 11.44%
Minimum Fund Investment: $100,000	Worst Monthly Drawdown: -28.71
Minimum Managed Account: $100,000	Current Losing Streak: -11.01 %
Domocile: US	Calmar: N/A
Subscriptions: Monthly	Sharpe Ratio: 0.72
Redemptions: Monthly	US Attorney: Debra Foubert
Lock Up: None	Offshore Attorney: Ogier, Colin Mackay
Hurdle Rate: N/A	Administrator: None
Administraton Fee: 0.00%	Prime Broker: Not Listed
Management Fee: 2.50%	Auditor: CC&S, 630.351.8942
Incentive Fee: 20.00%	NFA Member: Yes
Selling Fee: 0.00%	FINRA Member: No
Other Fees: None	Other Memberships: MFA

Type of Fund: Futures Fund Multi Advisor Fund	Domicile: US	Strategy: Futures Strategies

Track Record Prepared By: N/A

Correlations:

Trading Description, Risk Strategy & Background

Trading Description

The Tactical Multistrategy Commodity Fund, LP invests in a diversified portfolio of global commodities and currencies. It is traded by distinctly different CTAs whose combination gives investors participation in both systematic and discretionary strategies across multiple time frames. Half of the fund is traded according to Tactical's systematic Institutional Futures Program and the other half by Jaycor Capital Management, a discretionary trader.

Risk Strategy

Systematic Trader (Tactical) Money Management Deals with all aspects of equity management and risk control. It is vital to the Program and is integrated from the ground up. The Program uses proprietary, advanced money management and risk control strategies. Overall portfolio risk exposure is constantly reassessed; stoploss orders are placed whenever a trade is entered and once placed, never retreat from the market; a sophisticated variation of constant percentage risking is used which results in an average risk of less than 1% of account equity per trade.

Discretionary Trader (Jaycor) The Advisor attempts to control risk through diversification, by limiting losses, and by a conservative calculation of account equity. Stop-loss orders are used on every trade and once placed, never retreat from the market. On average between 0.6% and 1.2% of account equity is planned to be at risk at the initiation of any single trade and generally up to 2.4% is planned to be at risk at the initiation of all active trades within a group of related markets. At the portfolio level this translates into an average overall risk of around 10%.

Background

David S. Druz, MD, 52, is the President, the founder, the sole director and shareholder of Tactical. Dr. Druz received a bachelor's degree in electrical engineering with emphasis in computer science from the University of Illinois in May, 1975 where he graduated first in his class with a 5.0 grade average. He received a medical doctor degree from Johns Hopkins School of Medicine in May, 1979. While pursuing his education, Dr. Druz became fascinated with markets and market theory and began managing his own futures account in 1975. He developed the Tactical Trading System over the next five years. Dr. Druz is the market analyst, research programmer, and a principal of Tactical Investment.

Rob Lingle, 45, is the Vice President, Marketing of Tactical. Mr. Lingle graduated from the University of Southern California in 1983 with a dual degree in Economics and International Relations. His extensive experience in the futures industry began in brokerage at Merrill Lynch Futures and Shearson Lehman Brothers and led to money management for Commodities Corporation as an Associate Trader. Rob owned and operated his own brokerage business until taking his current position with Tactical.

Performance

Monthly Performance Since November 2000

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2023	-0.48%	-3.71%											-4.17%	-4.17%
2022	4.93%	4.49%	3.91%	3.88%	-2.74%	-1.56%	-2.69%	-1.30%	4.49%	0.70%	-5.37%	1.42%	9.9%	-8.44%
2021	3.41%	7.13%	-6.97%	8.50%	2.99%	-5.44%	3.31%	2.31%	1.85%	2.90%	-0.84%	-0.77%	18.7%	-6.97%
2020	1.31%	5.28%	10.40%	-1.65%	-1.85%	-1.26%	8.06%	6.10%	-5.48%	5.26%	4.40%	11.72%	49.32%	-5.48%
2019	-0.90%	3.70%	-2.37%	0.48%	1.15%	4.18%	0.59%	8.43%	-6.59%	-1.35%	-4.28%	1.18%	3.41%	-11.8%
2018	4.71%	-2.30%	-5.11%	-0.02%	2.77%	-0.92%	3.15%	3.78%	0.61%	-2.31%	3.50%	-0.29%	7.31%	-7.31%
2017	1.92%	-2.12%	0.26%	-0.99%	-2.35%	3.07%	2.63%	6.08%	-5.44%	1.85%	-3.22%	0.00%	1.14%	-6.79%
2016	0.62%	3.06%	-1.69%	3.18%	0.25%	2.51%	-0.05%	-4.23%	-1.18%	-0.61%	1.58%	-0.83%	2.36%	-6%
2015	6.13%	-2.75%	-0.05%	-2.75%	-0.23%	-5.42%	2.67%	4.25%	1.19%	-3.03%	1.46%	-1.38%	-0.52%	-10.8%
2014	-1.10%	0.96%	-0.05%	2.92%	-1.87%	1.07%	7.33%	1.17%	9.17%	-7.98%	4.04%	5.31%	21.75%	-7.98%
2013	0.34%	-2.81%	-0.63%	-1.78%	0.11%	-0.13%	-1.36%	-1.38%	-2.86%	-0.31%	-0.46%	0.40%	-10.41%	-11.07%
2012	-1.42%	-0.20%	-3.02%	-0.07%	-0.04%	-0.68%	10.53%	0.74%	-1.27%	-3.59%	-1.89%	-0.50%	-2.06%	-7.08%
2011	-6.05%	5.38%	-4.64%	8.18%	-9.60%	-4.46%	2.41%	1.74%	0.96%	-6.29%	-3.28%	-0.23%	-16.09%	-17.84%
2010	-1.76%	-2.19%	2.53%	1.46%	-2.56%	0.99%	-0.53%	-1.85%	12.60%	11.05%	5.23%	7.54%	35.89%	-3.97%
2009	0.16%	-0.60%	-5.18%	-1.48%	7.97%	-1.70%	2.97%	6.52%	-1.42%	-0.69%	6.24%	-1.82%	10.56%	-7.14%
2008	5.81%	17.15%	-5.78%	0.40%	1.34%	5.06%	-8.15%	-1.19%	-1.53%	13.71%	1.44%	1.74%	30.93%	-10.63%
2007	-3.35%	0.22%	-4.29%	3.82%	0.13%	3.36%	-1.04%	-4.80%	16.73%	2.76%	-3.58%	2.44%	11.19%	-7.29%
2006	11.14%	-3.90%	4.80%	11.69%	0.54%	-2.33%	-6.52%	3.31%	-3.35%	1.13%	5.66%	-3.14%	18.6%	-8.84%
2005	-3.14%	2.47%	-2.45%	-1.68%	2.17%	-1.24%	-2.21%	5.73%	0.67%	-1.45%	6.13%	4.80%	9.59%	-6.07%
2004	2.66%	9.64%	0.87%	-11.38%	-1.83%	-5.77%	3.25%	-3.37%	3.82%	2.07%	9.14%	-0.18%	7.2%	-18.21%
2003	9.53%	7.58%	-7.17%	3.11%	5.10%	-3.51%	-3.50%	0.76%	2.37%	10.38%	-1.08%	5.76%	31.47%	-7.17%
2002	-4.21%	1.15%	-0.43%	-3.05%	5.69%	4.66%	1.31%	3.51%	3.67%	-2.38%	0.66%	6.47%	17.68%	-6.47%
2001	-0.71%	0.93%	9.11%	-3.36%	0.63%	2.28%	-1.70%	0.05%	4.38%	4.14%	-4.56%	1.45%	12.58%	-4.56%
2000											4.28%	6.08%	10.62%	0%

Annual Performance

Years	2000	2001	2002	2003	2004	2005
ROR	10.62%	12.58%	17.68%	31.47%	7.20%	9.59%
Max DD	0.00%	-4.56%	-6.47%	-7.17%	-18.21%	-6.07%

Years	2006	2007	2008	2009	2010	2011
ROR	18.60%	11.19%	30.93%	10.56%	35.89%	-16.09%
Max DD	-8.84%	-7.29%	-10.63%	-7.14%	-3.97%	-17.84%

Years	2012	2013	2014	2015	2016	2017
ROR	-2.06%	-10.41%	21.75%	-0.52%	2.36%	1.14%
Max DD	-7.08%	-11.07%	-7.98%	-10.80%	-6.00%	-6.79%

Years	2018	2019	2020	2021	2022	2023 YTD
ROR	7.31%	3.41%	49.32%	18.70%	9.90%	-4.17%
Max DD	-7.31%	-11.80%	-5.48%	-6.97%	-8.44%	-4.17%

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

VAMI, Assets under Management & Worst Drawdown

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Monthly Returns

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RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS 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. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

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.

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