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Financial Commodity Investments (FCI) 

Option Selling Strategy

Manager: Craig Kendall

Address: 462 Herndon Parkway Suite 205, Herndon, VA, 20170, U.S.A.

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:Oct 1, 2006
AUM:$2,383,462
QEP:Yes
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$50,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:-46.16%76.87%
Annual ROR:-10.35%10.59%
YTD:0.00%5.53%
1 Year:0.00%14.71%
Alpha:-0.45
Beta:0.22
Statistics Program S&P 500
Average Monthly Gain:3.35%3.76%
Average Monthly Loss:-7.82%-4.51%
Winning Months:4538
Losing Months:2330
Current DD:63.4215.43
Max DD:63.4252.56
Sharpe Ratio (RF 1%):-0.38
Annualized Std Dev:29.58

Methodology

Discretionary:50%
Systematic:50%

Strategy

DirectionalLong / Short
Holding PeriodLong Term
---------------------------
Option Writing:100%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
2012-5.99-4.19-13.653.85-12.05-28.96
20114.580.78-0.143.072.492.173.12-51.351.84-1.254.883.27-37.93
20105.212.97-0.901.506.744.52-4.98-1.82-13.88-1.664.070.890.85
20099.232.565.362.15-7.786.102.94-3.332.067.454.802.9638.91
20083.88-1.152.373.342.422.862.91-1.24-4.36-26.292.80-8.67-23.02
20071.300.39-0.187.111.701.611.084.65-4.50-8.840.511.445.50
2006-1.661.727.287.31

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

FCI OPTION SELLING STRATEGY utilizes a market neutral trading strategy that does not attempt to forecast market direction. FCI utilizes options on futures to initiate market neutral positions by simultaneously writing out of the money call and put options, followed by appropriate adjustments based on movement of the underlying futures contract. Profits are derived when the price of the options that have been written declines such that the options can be purchased for amounts less than the price at which those options were initially sold. Profits also are realized when options expire worthless, providing full profit on the option premium sold (after commission and other fees). FCI's primary trading philosophy is for profits to be made when the value of options are reduced as a function of time, rather than a function of market direction.

Company Info

Financial Commodity Investments, which is located in the greater Washington D.C. Metropolitan area, manages several absolute return strategies. Our performance has low correlation to the equity, fixed income and real estate markets. These alternative strategies are leveraged, and maintain high levels of liquidity. As a result of our asset management skill in executing these alternative strategies, the managed futures accounts under our management have posted positive returns in recent periods. (Past performance is no indication of future results)

Financial Commodity Investments (FCI) is a registerred CTA (Commodities Trading Advisor). Accounts are managed on a separate basis according to one of our specific strategies. Please visit our website at www.financialcii.com.

Manager Info

Craig B. Kendall, CPA, is the principal owner and manager of the Financial Investment, Inc. (FII) family of companies. This includes Financial Commodity Investments (FCI), Financial Investment, LP (FILP) and Kendall & Company, CPA's.

His business experience includes more than 20 years in the finance, accounting and investment banking industries. In 1997, Mr. Kendall founded FII as an investment firm that acquires equities, private placement memorandums, and other investments. Established Financial Investments Limited Partnership (FILP), a limited partnership developed to capitalize on the opportunities available using proprietary trend tracking investment models.

Mr. Kendall holds FINRA Series 3 and Series 66 licenses.

Under Mr. Kendall's leadership, FII has been named an Inc. 5000 company nationally, and received the "Fantastic 50" award in 2008 and 2007 from the Virginia Chamber of Commerce. He led FCI to a ranking as a Top 20 Commodity Trading Advisor (CTA), in the Barclay Managed Funds Report.