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This document is intended for internal use only, and in certain exceptions for the exclusive use of clients or prospective clients of AIS (the “Firm”) and any affiliates or related firms or entities. Content is proprietary, privileged and confidential. Any dissemination or distribution is strictly prohibited. Information has been obtained from a variety of sources believed to be reliable though not independently verified.
The AIS Optimized Commodity Strategy (the “Strategy”) is a privately offered investment Strategy only suitable for sophisticated investors as detailed in the Strategy’s informational materials. Any investment in the Strategy is subject to certain legal restrictions on transfers and redemptions, and you should not assume you will be able to redeem, withdraw or otherwise liquidate your investment in a timely manner. Investors should carefully consider the Strategy’s investment objectives, risks, charges, expenses, and limited liquidity before investing. All investors are urged to read the Strategy’s informational materials before investing in the Strategy.
The Strategy is speculative and involves a substantial degree of risk, and an investor could lose all or substantially all of their investment. The Strategy is only available to eligible investors who can bear significant risk and do not require a near-term liquid investment. There is no guarantee that the Strategy will achieve its investment objectives. The risks of an investment in the Strategy include, but are not limited to: investment risk, illiquidity risk, long/short strategies risk, event-driven strategies risk, concentration risk, non-diversified status risk, and the risks related to the trading methods employed by the Strategy.
The Strategy informational materials may not be reproduced or redistributed in whole or in part. The Firm disclaims any obligation to update this document to reflect subsequent developments. Each person or entity accepting the Strategy informational materials thereby agrees to return them promptly upon request. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in the informational materials by the Firm or respective affiliates or employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions.
Due to the potential volatility of net asset values, these products are intended for sophisticated investors. You and your advisor(s) should consider any legal, tax, and accounting matters relevant to any investments discussed herein or arising there from. If you are subject to ERISA, this presentation is being furnished to you on the condition that it will not form a primary basis for any investment decision.
There can be no guarantee that investment objectives will be obtained. In making an investment decision, you must rely on your own examination of the investments and the terms of the offering. You should not construe the contents of the enclosed materials as legal, tax, investment, or other advice.
Past performance does not indicate future performance. Performance figures are estimated (when actual figures are not finalized), net of the management fee and/or incentive allocation if presented in this document, subject to change, and are for informational purposes only. The fees may vary by investor.
©2024. Applied Investment Strategies, LLC. All rights reserved. For discussion purposes only. Private and confidential. Not for redistribution.
BENCHMARK DESCRIPTIONS
Three Month Treasury Bill – The three-month Treasury bill rate is the yield received for investing in a government issued Treasury security that has a maturity of three months. The three-month Treasury yield is included on the shorter end of the yield curve and is important when looking at the overall U.S. economy.
Bloomberg Commodity Index (BCOM) – The Bloomberg Commodity Index is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The BCOM tracks prices of futures contracts on physical commodities on the commodity markets. The index is designed to minimize concentration in any one commodity or sector. It currently has 23 commodity futures in six sectors. No one commodity can compose more than 15% of the index, no one commodity and its derived commodities can compose more than 25% of the index, and no sector can represent more than 33% of the index (as of the annual weightings of the components).
MSCI ACWI Index – The MSCI ACWI is an index of global equities. It captures large- and mid-cap representation across 23 developed markets and 24 emerging markets countries. With 2,921 constituents, the index covers approximately 85% of the global investable equity opportunity set.
Bloomberg US Aggregate Bond Index (formerly the Barclays Capital Aggregate Bond Index) – The Bloomberg US Aggregate Bond Index, or the Agg, is a broad-base, market capitalization-weighted bond market index representing intermediate-term investment-grade bonds traded in the United States. Investors frequently use the index as a stand-in for measuring the performance of the U.S. bond market. In addition to investment grade corporate debt, the index tracks government debt, mortgage-backed securities (MBS) and asset-backed securities (ABS) to simulate the universe of investable bonds that meet certain criteria. In order to be included in the Agg, bonds must be of investment grade, have an outstanding par value of at least $100 million and have at least one year until maturity.