Schindler Capital Management, LLC : Dairy Advantage Program

Year-to-Date
5.75%
May Performance
10.27%
Min Investment
$ 200k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
53.35%
Sharpe (RFR=0%)
0.66
CAROR
29.64%
Assets
$ 3.1M
Worst DD
-41.49
S&P Correlation
0.14

Growth of 1,000 - VAMI

Monthly Performance

Export Data
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD DD

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Period Returns

Program / Index May Qtr YTD 1yr 3yr 5yr 10yr Since
8/2005
Dairy Advantage Program 10.27 6.17 5.75 23.02 4.89 14.55 235.65 4,600.36
S&P 500 4.53 3.05 -5.77 10.62 24.94 42.99 176.56 146.89
+/- S&P 500 5.74 3.12 11.52 12.40 -20.05 -28.44 59.09 4,453.48

Strategy Description

Summary

The Advisor focuses on fundamental analysis of supply and demand to predict future Class III milk prices. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 200k
Trading Level Incremental Increase $ 100k
CTA Max Funding Factor 3.00
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $50.00
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency Daily
Redemption Frequency Daily
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 250 RT/YR/$M
Avg. Margin-to-Equity 10%
Targeted Worst DD
Worst Peak-to-Trough -41.49%
Sector Focus Agricultural Traders

Holding Periods

Over 12 Months 0%
4-12 Months 20.00%
1-3 Months 40.00%
1-30 Days 40.00%
Intraday 0%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Fundamental
100.00%
Strategy Pie Chart

Composition

Other
100.00%
Composition Pie Chart

Summary

The Advisor focuses on fundamental analysis of supply and demand to predict future Class III milk prices. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit traders that help him come up with his bias on the market.

Investment Strategy

The Advisor focuses on factors that affect the supply and demand of a particular commodity which are examined in order to predict future prices. For example, some of the fundamental factors affecting the supply of Class III milk include, milk production statistics, dairy cow slaughter numbers, cost of feed and weather. Fundamental factors affecting demand include commercial disappearance of dairy end-products, dairy exports, historic and seasonal patterns, and general U.S. and world economic conditions. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit traders that help him come up with his bias on the market. Trade volume is expected to be quite low, since this is a trend-following approach. Positions are typically held several days, and even weeks to months are not uncommon. However, there may be times when trade volume increases for short periods, such as when positions are exited or reversed due to a sudden change in the trend.

   

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Reward
Average RoR:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:
Reward
Compound RoR:
Average RoR:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Note: Figures shown in the Monthly column are the greatest figures (or worst for losses/drawdowns) for any particular month. The Annual figures are the greatest for any calendar year.

Drawdown Report

Depth Length (Mos.) Recovery (Mos.) Peak Valley
-41.49 7 11 11/1/2009 6/1/2010
-26.21 4 3 1/1/0001 11/1/2005
-26.00 1 1 2/1/2008 3/1/2008
-24.20 1 1 6/1/2007 7/1/2007
-23.76 5 2 3/1/2009 8/1/2009
-23.17 13 8 6/1/2012 7/1/2013
-22.43 4 2 6/1/2008 10/1/2008
-17.97 20 16 5/1/2017 1/1/2019
-17.61 2 9 7/1/2011 9/1/2011
-11.93 7 2 3/1/2006 10/1/2006
-7.88 1 1 5/1/2011 6/1/2011
-7.61 1 1 12/1/2007 1/1/2008
-6.14 1 3 8/1/2007 9/1/2007
-4.27 15 3 12/1/2014 3/1/2016
-2.58 4 1 12/1/2016 4/1/2017
-1.32 3 1 7/1/2016 10/1/2016
-0.70 1 1 1/1/2009 2/1/2009
-0.42 3 1 3/1/2014 6/1/2014
-0.19 1 1 9/1/2014 10/1/2014
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Consecutive Gains

Run-up Length (Mos.) Start End
459.42 8 11/1/2006 6/1/2007
81.78 3 4/1/2008 6/1/2008
80.48 5 1/1/2011 5/1/2011
77.52 1 8/1/2007 8/1/2007
76.75 4 12/1/2005 3/1/2006
63.41 3 11/1/2008 1/1/2009
60.79 3 9/1/2009 11/1/2009
33.75 1 7/1/2011 7/1/2011
20.02 2 12/1/2013 1/1/2014
19.02 3 7/1/2010 9/1/2010
16.32 1 3/1/2009 3/1/2009
15.75 2 5/1/2012 6/1/2012
15.10 4 9/1/2019 12/1/2019
13.68 1 2/1/2008 2/1/2008
13.64 3 7/1/2014 9/1/2014
13.44 1 12/1/2007 12/1/2007
10.86 1 3/1/2014 3/1/2014
10.27 1 5/1/2020 5/1/2020
7.63 2 3/1/2010 4/1/2010
7.59 1 10/1/2013 10/1/2013
7.58 2 6/1/2016 7/1/2016
6.89 1 10/1/2011 10/1/2011
6.85 1 6/1/2006 6/1/2006
6.33 1 5/1/2009 5/1/2009
6.24 5 2/1/2019 6/1/2019
5.40 2 8/1/2012 9/1/2012
4.90 1 7/1/2009 7/1/2009
3.61 1 8/1/2008 8/1/2008
3.57 2 4/1/2013 5/1/2013
3.40 1 5/1/2017 5/1/2017
3.26 2 1/1/2012 2/1/2012
3.22 2 11/1/2016 12/1/2016
3.20 1 9/1/2005 9/1/2005
3.00 1 10/1/2007 10/1/2007
2.45 2 11/1/2014 12/1/2014
2.05 1 8/1/2013 8/1/2013
1.59 1 4/1/2016 4/1/2016
1.40 1 8/1/2018 8/1/2018
1.25 2 12/1/2015 1/1/2016
0.77 1 2/1/2013 2/1/2013
0.74 1 7/1/2017 7/1/2017
0.66 2 3/1/2018 4/1/2018
0.60 1 10/1/2017 10/1/2017
0.38 1 8/1/2006 8/1/2006
0.34 1 1/1/2018 1/1/2018
0.11 1 6/1/2015 6/1/2015
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Consecutive Losses

Run-up Length (Mos.) Start End
-38.48 3 12/1/2009 2/1/2010
-26.00 1 3/1/2008 3/1/2008
-24.20 1 7/1/2007 7/1/2007
-22.09 1 8/1/2009 8/1/2009
-19.48 2 10/1/2005 11/1/2005
-17.61 2 8/1/2011 9/1/2011
-17.09 4 10/1/2012 1/1/2013
-16.84 2 9/1/2008 10/1/2008
-11.63 2 5/1/2010 6/1/2010
-11.41 3 10/1/2010 12/1/2010
-11.20 1 8/1/2005 8/1/2005
-11.08 2 6/1/2013 7/1/2013
-9.97 1 7/1/2008 7/1/2008
-9.33 2 4/1/2006 5/1/2006
-8.31 5 9/1/2018 1/1/2019
-7.88 1 6/1/2011 6/1/2011
-7.84 1 4/1/2009 4/1/2009
-7.61 1 1/1/2008 1/1/2008
-7.50 2 9/1/2006 10/1/2006
-6.14 1 9/1/2007 9/1/2007
-5.36 1 6/1/2017 6/1/2017
-5.16 1 7/1/2012 7/1/2012
-4.81 1 6/1/2009 6/1/2009
-4.33 2 8/1/2017 9/1/2017
-4.10 4 1/1/2020 4/1/2020
-4.05 3 5/1/2018 7/1/2018
-2.58 4 1/1/2017 4/1/2017
-2.56 5 7/1/2015 11/1/2015
-2.16 2 3/1/2012 4/1/2012
-2.10 1 7/1/2006 7/1/2006
-1.86 5 1/1/2015 5/1/2015
-1.45 1 11/1/2007 11/1/2007
-1.44 1 9/1/2013 9/1/2013
-1.40 1 11/1/2013 11/1/2013
-1.32 3 8/1/2016 10/1/2016
-1.25 2 2/1/2016 3/1/2016
-1.10 2 7/1/2019 8/1/2019
-0.80 1 2/1/2014 2/1/2014
-0.70 1 2/1/2009 2/1/2009
-0.60 2 11/1/2017 12/1/2017
-0.42 3 4/1/2014 6/1/2014
-0.26 2 11/1/2011 12/1/2011
-0.19 1 2/1/2018 2/1/2018
-0.19 1 10/1/2014 10/1/2014
-0.17 1 5/1/2016 5/1/2016
-0.12 1 3/1/2013 3/1/2013
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods178.00176.00173.00167.00161.00155.00143.00131.00119.00
Percent Profitable49.4459.0965.3264.0773.2984.5281.8290.0898.32
Average Period Return3.0410.0522.9053.8497.39143.73236.20301.67412.91
Average Gain10.1421.5339.1289.05136.05171.75289.73335.75420.01
Average Loss-3.91-6.54-7.67-8.95-8.70-9.22-4.68-7.65-2.38
Best Period138.10274.26419.22627.74903.751151.121894.473111.152528.13
Worst Period-26.00-38.48-40.90-34.73-18.92-21.08-10.75-11.50-4.00
Standard Deviation15.4035.2666.16125.40200.40284.19470.08561.74689.72
Gain Standard Deviation18.6641.7876.98145.28221.97300.93504.58582.07693.47
Loss Standard Deviation5.737.707.658.165.005.953.593.242.28
Sharpe Ratio (1%)0.190.280.340.420.480.500.500.530.59
Average Gain / Average Loss2.593.295.109.9515.6418.6261.8743.88176.31
Profit / Loss Ratio2.544.759.6117.7542.93101.66278.42398.2710314.36
Downside Deviation (10%)5.086.987.479.688.948.479.4710.108.23
Downside Deviation (5%)4.956.546.577.695.864.983.643.831.03
Downside Deviation (0%)4.916.446.357.235.174.292.502.600.37
Sortino Ratio (10%)0.521.262.735.0510.0515.7723.2827.7346.84
Sortino Ratio (5%)0.601.503.416.8716.3728.4364.0577.77394.66
Sortino Ratio (0%)0.621.563.607.4418.8433.4994.60115.921106.64

Top Performer Badges

Index Award Type Rank Performance Period
Agricultural Trader Index Month 10 0.28 12/2019
Agricultural Trader Index Month 5 0.81 11/2019
Discretionary Trader Index Month 1 8.37 10/2019
Agricultural Trader Index Month 1 8.37 10/2019
IASG CTA Index Month 3 8.37 10/2019
Agricultural Trader Index Month 2 5.06 9/2019
IASG CTA Index Month 5 5.06 9/2019
Discretionary Trader Index Month 3 5.06 9/2019
IASG CTA Index Month 4 5.06 9/2019
Agricultural Trader Index Month 2 5.06 9/2019
Discretionary Trader Index Month 2 5.06 9/2019
Discretionary Trader Index Month 3 2.20 6/2019
Agricultural Trader Index Month 3 2.20 6/2019
Agricultural Trader Index Month 2 2.54 4/2019
Discretionary Trader Index Month 7 2.54 4/2019
Agricultural Trader Index Month 2 2.54 4/2019
Discretionary Trader Index Month 6 2.54 4/2019
Agricultural Trader Index Month 5 0.95 3/2019
Agricultural Trader Index Month 5 0.26 2/2019
Agricultural Trader Index Month 5 0.26 2/2019
Agricultural Trader Index Month 5 0.26 2/2019
Agricultural Trader Index Month 5 0.26 2/2019
Agricultural Trader Index Month 5 1.40 8/2018
Agricultural Trader Index Month 9 0.47 4/2018
Agricultural Trader Index Month 9 0.47 4/2018
Agricultural Trader Index Month 7 0.60 10/2017
Discretionary Trader Index Month 8 3.40 5/2017
Agricultural Trader Index Month 3 3.40 5/2017
Agricultural Trader Index Month 4 1.22 12/2016
Agricultural Trader Index Month 3 1.98 11/2016
Agricultural Trader Index Month 9 1.37 7/2016
Discretionary Trader Index Month 8 6.13 6/2016
Agricultural Trader Index Month 6 6.13 6/2016
Agricultural Trader Index Month 6 1.59 4/2016
Agricultural Trader Index Month 9 0.40 1/2016
Agricultural Trader Index Month 8 0.85 12/2015
IASG CTA Index 5 Year 3 176.15 2010 - 2015
Agricultural Trader Index Month 6 1.53 12/2014
Agricultural Trader Index Month 6 0.91 11/2014
Agricultural Trader Index Month 2 10.80 8/2014
Discretionary Trader Index Month 2 10.80 8/2014
IASG CTA Index Month 10 10.80 8/2014
Discretionary Trader Index Month 2 10.86 3/2014
Agricultural Trader Index Month 1 10.86 3/2014
IASG CTA Index Month 4 10.86 3/2014
Agricultural Trader Index Month 1 17.07 1/2014
Discretionary Trader Index Month 1 17.07 1/2014
IASG CTA Index Month 1 17.07 1/2014
Agricultural Trader Index Month 5 2.52 12/2013
IASG CTA Index 3 Year 9 91.97 2010 - 2013
Discretionary Trader Index Month 6 7.59 10/2013
Agricultural Trader Index Month 2 7.59 10/2013
Agricultural Trader Index Month 6 2.05 8/2013
Agricultural Trader Index Month 4 1.42 5/2013
Agricultural Trader Index Month 6 2.12 4/2013
Agricultural Trader Index Month 9 -0.12 3/2013
IASG CTA Index 5 Year 8 196.87 2007 - 2012
Discretionary Trader Index Month 7 3.67 9/2012
Agricultural Trader Index Month 2 3.67 9/2012
Agricultural Trader Index Month 6 11.92 6/2012
Discretionary Trader Index Month 9 11.92 6/2012
Agricultural Trader Index Month 3 3.42 5/2012
Agricultural Trader Index Month 3 3.14 2/2012
IASG CTA Index Annual 2 95.32 2011
IASG CTA Index 5 Year 2 2,070.97 2006 - 2011
Agricultural Trader Index Month 3 6.89 10/2011
Discretionary Trader Index Month 10 6.89 10/2011
Discretionary Trader Index Month 2 33.75 7/2011
Agricultural Trader Index Month 2 33.75 7/2011
IASG CTA Index Month 2 33.75 7/2011
Agricultural Trader Index Month 1 16.82 5/2011
IASG CTA Index Month 4 16.82 5/2011
Discretionary Trader Index Month 3 16.82 5/2011
Agricultural Trader Index Month 4 6.10 4/2011
Agricultural Trader Index Month 5 5.78 3/2011
Discretionary Trader Index Month 10 5.78 3/2011
Discretionary Trader Index Month 3 20.17 2/2011
Agricultural Trader Index Month 3 20.17 2/2011
IASG CTA Index Month 3 20.17 2/2011
Agricultural Trader Index Month 1 14.55 1/2011
IASG CTA Index Month 4 14.55 1/2011
Discretionary Trader Index Month 3 14.55 1/2011
IASG CTA Index 5 Year 1 1,857.33 2005 - 2010
Agricultural Trader Index Month 9 6.10 9/2010
Discretionary Trader Index Month 8 6.98 8/2010
Agricultural Trader Index Month 5 6.98 8/2010
Agricultural Trader Index Month 3 4.86 7/2010
Discretionary Trader Index Month 9 4.86 7/2010
Discretionary Trader Index Month 8 4.54 4/2010
Agricultural Trader Index Month 5 4.54 4/2010
Agricultural Trader Index Month 4 2.96 3/2010
IASG CTA Index 3 Year 1 1,431.79 2006 - 2009
Agricultural Trader Index Month 1 7.98 11/2009
Discretionary Trader Index Month 7 7.98 11/2009
Agricultural Trader Index Month 1 22.54 10/2009
IASG CTA Index Month 1 22.54 10/2009
Discretionary Trader Index Month 1 22.54 10/2009
Discretionary Trader Index Month 1 21.52 9/2009
IASG CTA Index Month 1 21.52 9/2009
Agricultural Trader Index Month 1 21.52 9/2009

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.