The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.

The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the commodity trading advisor ("CTA"). The regulations of the commodity futures trading commission ("CFTC") require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client's commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. Therefore, you should proceed directly to the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition.

You are encouraged to access the disclosure document by clicking below. You will not incur any additional charges by accessing the disclosure document. You may also request delivery of a hard copy of the disclosure document, which also will be provided to you at no cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document.

We are required to provide other disclosure statements to you before a commodity account may be opened for you. Please acknowledge your understanding of the above statement by clicking the button below. You may then continue to view the site.

Performance History

ITB Capital Advisors manages customized individual accounts, in accordance with National Futures Association (NFA), and the Commodity Futures Trading Commission (CFTC) guidelines.....

 

ITB Time Value Trading Program Composite (TVT) vs S&P 500 Index and HFRX Volatility Index

 Current Fact Sheet

 

Year Time Value Trading S&P 500 HFRX Volatility
2018 -13.26% 8.52% -1.21%
2017 10.48% 19.41% 5.41%
2016 2.57% 9.54% 9.94%
2015 -17.22% -0.72% 6.33%
2014 3.44% 11.38% 1.97%
2013 14.97% 29.61% 5.51%
2012 55.21% 13.40% 9.75%
2011 6.80% -0.02% 1.42%
2010 33.08% 12.79% -4.36%
2009 26.68% 23.45% -3.19%
Cumulative Return 170.40% 221.20% 30.69%
Annualized Return 10.84% 12.83%   
Growth of $1 Million $2,703,962 $3,212,025  
Correlation R2 0.03%    
Maximum Drawdown (40.49%)    
Max Drawdown Period 6-2011 to 9-2011  

 

 
*** The above performance disclosures are based on the “trading performance” of the Company’s “Time Value Trading” Program over the stated period, rather than its “total performance.” Trading performance only considers those assets which were actually available for trading by the Company during the stated period. Total performance would include the effect of the sale of certain customer claims held by the Company’s managed futures account clients against the MF Global, Inc. bankruptcy estate to a third party purchaser. Please see the disclosure document for the “Time Value Trading” Program for a full explanation. Trading futures and options involves substantial risk of loss of capital, and is not suitable for all investors. Past performance may not be indicative of future results.”