•  

Download Factsheet
Send Factsheet

Breakout Funds

Propeller QEP only

Investment Strategy

The Breakout trading team has a combined 40 years of trading and research experience incorporating proprietary quantitative signals into disciplined trading decisions. Our trading approach incorporates being patient and selectively waiting for opportunities that show a favorable risk-reward in both time and price. The core of our trading philosophy is the belief that markets experience different regimes and with that, ever changing volatility. The goal of an opportunistic trading manager is to continually research, implement, and capitalize on both existing and new market conditions, capturing volatility and managing risk.
We trade approximately 20 futures markets on major global exchanges with an emphasis on intraday stock index price action and volatility. The holding period for positions ranges from minutes to less than 4 days. All research is sourced from the founders’ trading experience and principles and trades are discretionarily implemented via trading automation and individual position and portfolio risk metrics. We consider disciplined risk management and position holding periods as one source of Alpha.

Performance (VAMI)

Monthly Returns

Fund Manager

Aaron Larkin
Aaron Larkin is co-founder, Chief Executive Officer and a Managing Director of Breakout Funds LLC. Aaron and Matt Laviolette (below) are responsible for all investment strategy and methodology for Breakout Funds LLC. Starting in May 2017, Aaron worked with Matt to establish and register the firm as a Commodity Pool Operator (“CPO”) in Chicago, Illinois, and it became registered on July 10, 2017.  Aaron also worked with Matt on registering the firm as a Commodity Trading Advisor (“CTA”) in Chicago, Illinois, and it became registered on December 26, 2017.  Aaron became a registered Associated Person and listed principal of Breakout on July 10, 2017. From October 2013 to April 2017, he was the Co-Chief Investment Officer of Power Investment Management Services Co. (“PIMS”) in Chicago, Illinois, a private investment fund with its home office in Canton, Ohio, where he focused on trading and trading strategies.  Prior to PIMS, from March 2006 to October 2013, Aaron ran a family office named A&J Larkin Investments Limited Liability Company in Chicago, Illinois, with its registered address in Lebanon, Indiana. As a partner and Chief Investment Officer, he focused on developing and implementing multi-duration strategies. Aaron graduated in April 2003 with a Bachelor of Science degree in Finance and minor in Economics from Indiana University in Indianapolis, Indiana.

Matthew Laviolette
Matthew Laviolette is co-founder, Chief Investment Officer and a Managing Director of Breakout Funds LLC. Aaron Larkin (above) and Matthew are responsible for all investment strategy and methodology for Breakout Funds LLC.  Matthew became a registered Associated Person and listed principal of Breakout on December 15, 2017.  From April 2015 to April 2017, he was the Co-Chief Investment Officer of PIMS in Chicago, Illinois, a private investment fund with its home office in Canton, Ohio, where he focused on trading and trading strategies. Prior to PIMS, from December 2010 to April 2015, Matthew was a Senior Trader at Vine Street Trading LLC, in Chicago, Illinois, a proprietary trading group, where he managed a global macro-focused portfolio.  Matthew graduated in 2002 with a Bachelor of Science degree in Finance and Accounting from Indiana University in Bloomington, Indiana.

Bryan Leavitt
Bryan Leavitt is the Director of Research at Breakout Funds LLC.  He is responsible for creating, testing, and implementing systematic quantitative investment ideas.  Prior to joining the firm, Bryan worked as a quantitative analyst for 2100 Xenon’s managed futures business which was ultimately sold to Manning & Napier in 2014.  During his tenure, he helped grow the firm's assets under management from around $150 million to nearly $850 million. He earned a Bachelor of Arts degree in Mathematics and Integrated Science from Northwestern University and a Master of Science degree in Financial Mathematics from the University of Chicago. He is a CFA charterholder.

General Information

Inception DateFeb 2018
Minimum Investment1,000,000 USD
Management Fee1.00%
Performance Fee25.00%
Highwater MarkYes
Phone317-435-6147
E-mail[email protected]
Websitewww.breakoutfunds.com

Statistics

Total Return Cumulative 23.08%
Sharpe Ratio 0.33
Sortino Ratio 0.41
Winning Months (%) 54.05%
Correlation vs. S&P 500 TR -0.29

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 2.69 -3.00 6.25 5.83
2023 3.05 -0.67 6.78 4.54 -7.79 -4.58 -3.23 -1.48 0.80 3.34 -2.29 -6.61 -8.89
2022 3.37 2.98 -0.92 3.75 -5.01 1.33 -2.35 5.66 10.34 -7.95 -3.09 1.14 8.19
2021 -3.58 -1.17 -2.61 -0.04 -2.37 -0.66 0.67 -1.97 -2.88 0.71 -2.46 -0.87 -16.03
2020 2.96 1.89 7.67 5.33 2.13 -1.02 4.75 0.74 -0.56 -4.29 -0.87 0.55 20.40
2019 2.75 -0.50 0.88 0.39 0.05 2.07 -2.61 4.64 4.13 -3.65 2.97 0.37 11.73
2018 1.25 -4.13 5.21 -5.07 5.20 1.20 0.33 -3.32 6.60 -3.95 1.90 4.46
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.
No data filled

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 Month Rolling ROR

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR

AUM

Volatility (12 Months Rolling)

Risk/Return Comparison

Drawdown

Instruments

No data filled

Return Statistics

Last Month 6.25%
Year To Date 5.83%
3 Month ROR 5.83%
12 Months ROR -11.78%
36 Month ROR -5.61%
Total Return Cumulative 23.08%
Total Return Annualized 3.43%
Best Month 10.34%
Winning Months (%) 54.05%
Gain Deviation 2.39

Risk Statistics

Standard Deviation Annualized 12.78%
Max Drawdown (Monthly) -21.79%
Max Drawdown Length 42
Worst Month -7.95%
Losing Months (%) 45.95%
Average Losing Month -2.87%
Loss Deviation 1.98
Correlation vs S&P 500 -0.29
Correlation vs DJ/CS MF 0.05

Risk/Reward Statistics

Sharpe Ratio 0.33
Sortino Ratio 0.41
Omega Ratio 0.72
Skewness 0.13
Kurtosis -0.06

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -21.79% 42 0 09/2020 -
2 -5.07% 1 2 05/2018 07/2018
3 -4.13% 1 1 03/2018 04/2018
4 -3.95% 1 2 11/2018 01/2019
5 -3.65% 1 3 10/2019 01/2020

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.34%-7.95%0.35%0.38%6.25%54.05%
3 Months 15.82%-14.86%0.94%1.03%5.83%54.17%
6 Months 22.96%-12.62%2.03%2.28%-0.20%63.77%
1 Year 36.69%-17.73%4.89%5.81%-11.78%60.32%
2 Years 47.12%-17.46%10.23%4.44%-1.10%64.71%
3 Years 35.48%-17.40%9.26%12.96%-5.61%71.79%
5 Years 43.73%8.47%23.97%21.48%14.25%100.00%

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg3.43%9.59%22.20%61.07%177.65%156.09%
% Positive54.05%54.17%63.77%60.32%64.71%71.79%
Avg. Pos. Period3.08%5.43%6.92%13.69%19.47%17.60%
Avg. Neg. Period-2.87%-4.36%-6.59%-8.50%-6.72%-11.96%
Sharpe Ratio0.330.550.831.272.012.10
Sortino Ratio0.410.731.322.246.284.19
Standard Deviation3.69%6.00%8.46%13.29%17.61%15.26%
Downside Deviation2.36%3.61%4.43%6.25%4.90%6.74%
No data filled

Company Information

Minimum Investment1,000,000 USD (notional funding: 25.00%)
AUM139,000,000 USD
Management Fee1.00%
Performance Fee25.00%
Highwater MarkYes
RT per Million10000
Margin to Equity5.00%
Legal StructureUnknown
Investment RestrictionOnly for Qualified Eligible Persons

Company Information

CompanyBreakout Funds
PrincipalAaron Larkin, Matthew Laviolette
Phone317-435-6147
E-mail[email protected]
License NumberNFA 505502
Location -
Performance Compiled by -

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 2.69 -3.00 6.25 5.83
2023 3.05 -0.67 6.78 4.54 -7.79 -4.58 -3.23 -1.48 0.80 3.34 -2.29 -6.61 -8.89
2022 3.37 2.98 -0.92 3.75 -5.01 1.33 -2.35 5.66 10.34 -7.95 -3.09 1.14 8.19
2021 -3.58 -1.17 -2.61 -0.04 -2.37 -0.66 0.67 -1.97 -2.88 0.71 -2.46 -0.87 -16.03
2020 2.96 1.89 7.67 5.33 2.13 -1.02 4.75 0.74 -0.56 -4.29 -0.87 0.55 20.40
2019 2.75 -0.50 0.88 0.39 0.05 2.07 -2.61 4.64 4.13 -3.65 2.97 0.37 11.73
2018 1.25 -4.13 5.21 -5.07 5.20 1.20 0.33 -3.32 6.60 -3.95 1.90 4.46
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Strategy Description

The Breakout trading team has a combined 40 years of trading and research experience incorporating proprietary quantitative signals into disciplined trading decisions. Our trading approach incorporates being patient and selectively waiting for opportunities that show a favorable risk-reward in both time and price. The core of our trading philosophy is the belief that markets experience different regimes and with that, ever changing volatility. The goal of an opportunistic trading manager is to continually research, implement, and capitalize on both existing and new market conditions, capturing volatility and managing risk.
We trade approximately 20 futures markets on major global exchanges with an emphasis on intraday stock index price action and volatility. The holding period for positions ranges from minutes to less than 4 days. All research is sourced from the founders’ trading experience and principles and trades are discretionarily implemented via trading automation and individual position and portfolio risk metrics. We consider disciplined risk management and position holding periods as one source of Alpha.

Return Statistics

Last Month 6.25%
Year To Date 5.83%
3 Month ROR 5.83%
12 Months ROR -11.78%
36 Month ROR -5.61%
Total Return Cumulative 23.08%
Total Return Annualized 3.43%
Best Month 10.34%
Winning Months (%) 54.05%
Gain Deviation 2.39

Risk Statistics

Standard Deviation Annualized 12.78%
Max Drawdown (Monthly) -21.79%
Max Drawdown Length 42
Worst Month -7.95%
Losing Months (%) 45.95%
Average Losing Month -2.87%
Loss Deviation 1.98
Correlation vs S&P 500 -0.29
Correlation vs DJ/CS MF 0.05

Risk/Reward Statistics

Sharpe Ratio 0.33
Sortino Ratio 0.41
Omega Ratio 0.72
Skewness 0.13
Kurtosis -0.06

Performance (VAMI)

Fund Manager

Aaron Larkin
Aaron Larkin is co-founder, Chief Executive Officer and a Managing Director of Breakout Funds LLC. Aaron and Matt Laviolette (below) are responsible for all investment strategy and methodology for Breakout Funds LLC. Starting in May 2017, Aaron worked with Matt to establish and register the firm as a Commodity Pool Operator (“CPO”) in Chicago, Illinois, and it became registered on July 10, 2017.  Aaron also worked with Matt on registering the firm as a Commodity Trading Advisor (“CTA”) in Chicago, Illinois, and it became registered on December 26, 2017.  Aaron became a registered Associated Person and listed principal of Breakout on July 10, 2017. From October 2013 to April 2017, he was the Co-Chief Investment Officer of Power Investment Management Services Co. (“PIMS”) in Chicago, Illinois, a private investment fund with its home office in Canton, Ohio, where he focused on trading and trading strategies.  Prior to PIMS, from March 2006 to October 2013, Aaron ran a family office named A&J Larkin Investments Limited Liability Company in Chicago, Illinois, with its registered address in Lebanon, Indiana. As a partner and Chief Investment Officer, he focused on developing and implementing multi-duration strategies. Aaron graduated in April 2003 with a Bachelor of Science degree in Finance and minor in Economics from Indiana University in Indianapolis, Indiana.

Matthew Laviolette
Matthew Laviolette is co-founder, Chief Investment Officer and a Managing Director of Breakout Funds LLC. Aaron Larkin (above) and Matthew are responsible for all investment strategy and methodology for Breakout Funds LLC.  Matthew became a registered Associated Person and listed principal of Breakout on December 15, 2017.  From April 2015 to April 2017, he was the Co-Chief Investment Officer of PIMS in Chicago, Illinois, a private investment fund with its home office in Canton, Ohio, where he focused on trading and trading strategies. Prior to PIMS, from December 2010 to April 2015, Matthew was a Senior Trader at Vine Street Trading LLC, in Chicago, Illinois, a proprietary trading group, where he managed a global macro-focused portfolio.  Matthew graduated in 2002 with a Bachelor of Science degree in Finance and Accounting from Indiana University in Bloomington, Indiana.

Bryan Leavitt
Bryan Leavitt is the Director of Research at Breakout Funds LLC.  He is responsible for creating, testing, and implementing systematic quantitative investment ideas.  Prior to joining the firm, Bryan worked as a quantitative analyst for 2100 Xenon’s managed futures business which was ultimately sold to Manning & Napier in 2014.  During his tenure, he helped grow the firm's assets under management from around $150 million to nearly $850 million. He earned a Bachelor of Arts degree in Mathematics and Integrated Science from Northwestern University and a Master of Science degree in Financial Mathematics from the University of Chicago. He is a CFA charterholder.

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -21.79% 42 0 09/2020 -
2 -5.07% 1 2 05/2018 07/2018
3 -4.13% 1 1 03/2018 04/2018
4 -3.95% 1 2 11/2018 01/2019
5 -3.65% 1 3 10/2019 01/2020

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.34%-7.95%0.35%0.38%6.25%54.05%
3 Months 15.82%-14.86%0.94%1.03%5.83%54.17%
6 Months 22.96%-12.62%2.03%2.28%-0.20%63.77%
1 Year 36.69%-17.73%4.89%5.81%-11.78%60.32%
2 Years 47.12%-17.46%10.23%4.44%-1.10%64.71%
3 Years 35.48%-17.40%9.26%12.96%-5.61%71.79%
5 Years 43.73%8.47%23.97%21.48%14.25%100.00%

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg3.43%9.59%22.20%61.07%177.65%156.09%
% Positive54.05%54.17%63.77%60.32%64.71%71.79%
Avg. Pos. Period3.08%5.43%6.92%13.69%19.47%17.60%
Avg. Neg. Period-2.87%-4.36%-6.59%-8.50%-6.72%-11.96%
Sharpe Ratio0.330.550.831.272.012.10
Sortino Ratio0.410.731.322.246.284.19
Standard Deviation3.69%6.00%8.46%13.29%17.61%15.26%
Downside Deviation2.36%3.61%4.43%6.25%4.90%6.74%

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR

Drawdown

Volatility (12 Months Rolling)

Instruments

AUM

For the latest performance, please scan the image above with a QR Reader.
No data filled
Powered and provided by Fundpeak.com. Copyright © 2024
Data and information is provided for informational purposes only. Past performance is not necessarily indicative of future results.