A historically non-to-negatively correlated methodology when compared to traditional assets like stocks over long-term periods.

Index Data

 


 
Last updated on end of day :07/19/2018

 
Period Total Return Compounded Total Return
1 Day 0.14% 0.14%
MTD 0.01% 0.01%
YTD 2.01% 2.01%
1 YR 3.65% 3.65%
5 YR 1.35% 0.27%
10 YR -0.92% -0.09%

 
TVI ® Index Data is simulated prior to June 3, 2009 - See below
 

* The U.S. Commodity Futures Trading Commission requires the following legend: THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.

 
 




• The mechanical character of the TVI® and the fact that the TVI® is based on publicly available prices unaffected by trade executions (and the resulting slippage between market prices and the prices at which positions are actually acquired) makes it possible to derive the statistical information. Unless otherwise indicated, the performance of the TVI® does not reflect the costs, fees and other expenses of a fund or other vehicle seeking to replicate the TVI® or the effect of taxes on investors therein. The compounded effect of such costs, expenses and taxes would materially reduce cumulative net returns. Total Return or “TR” includes interest on a theoretical U.S. Treasury Bill position used to fully collateralize the futures positions.





• The TVI® was created and is maintained and owned by EAM Partners L.P. (“EAM”). The TVI® went live on June 3, 2009 and is calculated by by RBS Services India Private Limited (“RBS”). From May 1, 2012 forward, the Natural Gas component of the TVI® is no longer part of the Energy sector, which may be positioned long or flat; instead, the official record of the TVI® is calculated with the Natural Gas component as a separate sector which may be positioned long or short, with such positioning determined independently from the Energy sector. Accordingly, the TVI® may be positioned “short” in the Natural Gas sector when an unexpected natural, sociopolitical or other event occurs that causes rapid increases in Natural Gas prices. Effective as of the market close of each index component on January 31, 2014, the TVI® reflects (i) the addition of a multi-day roll process in order to allow certain commodity index components (rather than financial index components) to "roll" over more than one business day, (ii) the reduction in the base weights of four commodity index components considered to be the least liquid (live cattle, lean hogs and cocoa) by an aggregate of 1.5%, reallocating such weights to the other commodity index components, and (iii) a revised roll schedule for gold, high grade copper and soybeans index components. In addition, effective as of the market close of each index component on June 30, 2015, the Swiss Franc index component has a multi-day roll process in order to allow it to roll from the previous month's position to the current month's position over more than one business day. Further, effective as of the market close of each index component on May 31, 2018, the futures contract roll schedule for the Silver index component changed. Further details of these changes can be found in the detailed index rules description paper by clicking here.

Changes to an index methodology may have a material impact on the results of such index, whether positive or negative. Past performance is not necessarily indicative of future results (and particularly because of these changes over the time periods indicated). The TVI® is simulated prior to June 3, 2009 and reflects the retroactive application of the TVI® to past market histories and not the actual results of the TVI®. The simulated TVI® is calculated by EAM Partners L.P.. prior to 8/1/1990 and by RBS from 8/1/1990 forward. The simulated statistical information for the TVI® is calculated the same as the TVI® prior to May 1, 2012 with the following exceptions: (1) the following futures contract components were included on the following dates: Unleaded Gas (January 31, 1986), Australian Dollar (February 1988), and Natural Gas (May 31, 1991), (2) Soybean Oil and Soybean Meal were removed as of January 1, 1991, and (3) the Deutsche Mark was replaced by the Euro Currency in January 2000 and unleaded gasoline was replaced by RBOB Gas on October 31, 1986.

• Past performance, especially Simulated Statistical Information, is not necessarily indicative of future results. See also “Summary of Risk Factors” and additional information on calculation of the index data in the Terms of Use.

No assurances can be made that the TVI® will achieve its objectives or that losses will be avoided.

Investors cannot invest directly in the TVI®. One of the risks associated with the TVI® is the complexity of the different factors which contribute to its results, as well as its correlation or non-correlation to other asset classes. The TVI® could decline in a wide range of different market scenarios, including ones in which other financial products rise substantially. Any factors which contribute to "trading ranges" (in which there is a lack of sustained, directional price movements in many markets) or “whipsaw” markets (in which price movements reverse suddenly or repeatedly) are likely to be adverse to the TVI®’s trend-following methodology. Investment products utilizing the TVI® are speculative and involve a substantial degree of risk. Products that utilize the TVI® should be considered long-term investments; over the short-term there is a much greater possibility that the products may decline substantially, causing significant losses. See “Summary of Risk Factors” in the Terms of Use.

EAM Partners L.P. itself does not provide portfolio management services or any other form of investment advice. In particular, EAM Partners L.P. itself does not direct client accounts or provide commodity trading advice based on or tailored to the commodity interests or cash markets or other circumstances of a particular client. None of the information or material on this website is intended, or should be used, as any form of advice or recommendation. All information provided herein is subject to change without notice.