We seek to capture long-term outperformance from disruptive innovation with our
thematic portfolio strategy designed around Blockchain Technology.
Cenacle Capital Management, LLC
FEES AND EXPENSES
The fees are expressed as a percentage of your investment. This table and the example below do not include
the brokerage commissions that investors will pay due to initial entry, re-balancing or liquidation.
Management Fee 0.75%
Upside 6 mo. probability +34.4%
Downside 6 mo. probability -21.2%
Potential Annual Return +12.52%$10
How our strategy is expected to perform to market conditions
The Risk Score of 87 and the 95% Probability Range of -22% to +35% was calculated using a long-term average of 10.4% for the S&P 500, zero bps change in the Ten Year US Treasury Rate, and correlation and volatility data from 2008 to present. Riskalyze uses actual historical data to calculate the statistical probabilities shown. For securities calculated using Average Annual Return, the Average Return will be calculated using actual price history from June 2004-present or inception.
Hypothetical returns discussed use the returns of other indices. The hypothetical returns have been developed by Cenacle Capital Management, and have not been verified by a 3rd party. Volatility of the strategy may be materially different from the volatility of the S&P 500 index.
There may be times where all investments and strategies are unfavorable and depreciate. Advisor may make modifications to the strategy at any time without notification to the client. In all securities, trading there is potential for profit as well as loss. You should consider this strategy’s investment objectives, risks, charges and expenses before investing. Back-testing involves a hypothetical reconstruction, based on past market data, of what the performance of a particular account would have been had the adviser been managing the account using a particular investment strategy.
Performance results presented do not represent actual trading using client assets but were achieved through retroactive application of a model that was designed with the benefit of hindsight. Back-tested performance results have inherent limitations, particularly the fact that these results do not represent actual trading and may not reflect the impact that material economic conditions and market factors might have placed on the adviser’s decision-making if the adviser were actually managing the client’s money. These results should not be viewed as indicative of the adviser’s skill and do not reflect the performance results that were achieved by any particular client. Prior to November 10, 2017, the adviser was not providing advice using this model and clients’ results were materially different. The model that gave rise to these back-tested performance results is one that the adviser is now using in managing clients’ accounts.
Performance results are presented net-of-fees and do not reflect the reinvestment of dividends. No current or prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels. The Funds are non-diversified, meaning they may concentrate its assets in fewer individual holdings than a diversified fund. Investments in smaller companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Diversification does not assure a profit or protect against a loss in a declining market.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals, and economic conditions may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s portfolio.
Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. There are no assurances that a portfolio will match or outperform any particular benchmark.
Cenacle Capital Management is registered as an investment advisor and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators and does not mean that the advisor has attained a particular level of skill or ability. Illinois CRD #130804
We calculate the annualized return number as (final price / initial price ) ^ ( 1 / number of years ) – 1. Riskalyze does not provide investment analysis on investments with less than 6 months of historical performance. In instances where an investment’s inception is more recent than January 1, 2008 and greater than 6 months Riskalyze will use correlation statistics from the investments actual trading history to extrapolate missing volatility data. In most cases the extrapolation calculation increases the risk presented in the investment analysis as a means of protecting the investor. Investments with an inception more recent than January 1, 2008 are highlighted with an information icon . The Six Month 95% Probability Range is calculated from the standard deviation of the portfolio (via covariance matrix), and represents a hypothetical statistical probability, but there is no guarantee any investments would perform within the range. There is a 5% probability of greater losses. Riskalyze does not use any Monte Carlo or any other type of simulations. The underlying data is updated as of the previous day’s market close price, and the results may vary with each use and over time. The investments considered were determined by the financial representative. IMPORTANT: The projections or other information generated by Riskalyze regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. These figures may exclude commissions, sales charges or fees which, if included, would have had a negative effect on the annual returns.
The distribution rate is derived by summing the trailing 12-months’ distributions (dividends, distributions from borrowing, return of capital, etc) and dividing the sum by the last month’s ending NAV. It does not include capital gains distributed over the same period.