FCI’s investment strategy focuses on the writing (selling) of options in various commodity markets. Investors should be advised that the risk of loss associated with the selling of options is unlimited.
Largest monthly drawdown, April, 2005: -8.3%.
Worst peak-to-valley drawdown March - July, 2005: -16.3%.
1. Draw-Down is defined as losses experienced by the program over a specified period of time.
2. Worst Peak-to-Valley Draw-down is defined as the greatest cumulative percentage decline in month-end net asset value due to losses sustained by the account during any period in which the initial month-end net asset value is not equaled or exceeded by a subsequent month-end net asset value. Such decline is expressed as a percentage of the initial month-end net asset value to the lowest month-end net asset value of such decline. |