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Campbell Strategic Allocation Fund

Calendar

26 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 31.26M 31.26M 31.26M 31.26M 31.26M 31.26M
Cash burn (monthly) 1.42M (positive/no burn) 1.65M 1.89M (positive/no burn) (positive/no burn)
Cash used (since last report) 5.06M n/a 5.89M 6.73M n/a n/a
Cash remaining 26.2M n/a 25.37M 24.53M n/a n/a
Runway (months of cash) 18.5 n/a 15.3 13.0 n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Risks
  • Potential Loss of Investment
  • Short Sales May Lead to Potentially Unlimited Losses
  • Investing Globally Subjects the Fund to International Risks
  • Changes in Financing Policies or the Imposition of Other Credit Limitations or Restrictions Could Compel the Fund to Liquidate Positions at Disadvantageous Prices
  • The Fund's Investments Could be Illiquid
  • Your Investment in the Fund Could Be Illiquid; Suspension of Trading
  • Reduced Market Exposure in Times of High Volatility May Limit Profit Potential
  • An Investment in the Fund May Not Diversify an Overall Portfolio
  • The Current Markets are Subject to Market Disruptions That May be Detrimental to Your Investment
  • Risk of Natural Disasters, Epidemics, Terrorist Attacks and War
  • Fixed-Income Investments Risks
  • There are Disadvantages to Making Trading Decisions Based Primarily on Technical Market Data
  • Increased Competition in Alternative Asset Investments
  • Increase in Assets Under Management May Make Profitable Trading More Difficult
  • Investors Will Not be Able to Review the Fund's Holdings on a Daily Basis
  • Inadequate Models Could Negatively Affect the Fund's Investment Portfolio
  • Reliance on the Campbell & Company's Discretion and Trading Models
  • Market Factors May Adversely Influence the Models
  • Availability of Investment Opportunities
  • Holding Period of Investment Positions
  • Futures, Forwards and Swaps Trading Can be Highly Volatile
  • Futures, Forwards and Swaps Trading is Highly Speculative and Volatile
  • Futures, Forwards and Swaps Trading Involves Substantial Leverage
  • Futures, Forwards and Swaps Trading May Be Illiquid
  • Forwards Trading and its Counterparty, Regulatory and Related Risks
  • The Fund is a Party to Financial Instruments with Elements of Off-Balance Sheet Risk, Which May Cause the Fund to Lose All of Its Assets
  • Foreign Exchange/Cross Rates Trading
  • Speculative Position Limits
  • Over-the-Counter Derivatives Markets
  • Regulatory Changes or Additional Government or Market Regulation or Actions May Alter the Operations and Profitability of the Fund
  • The Fund, in particular, is dependent upon the use of leverage in implementing its investment strategy across the markets and instruments described herein. Any regulatory limitations may have a materially adverse impact on the Fund
  • Daily Price Fluctuation Limits Imposed by Futures Exchanges May Alter Trading Decisions for the Fund
  • The Fund is Subject to Foreign Market Credit and Regulatory Risk
  • Membership in a Swap Execution Facility
  • The Fund is Not a Regulated Investment Company and is Therefore Subject to Different Protections Than a Regulated Investment Company
  • Investors are Taxed Based on Their Share of Fund Income and Gain
  • Tax Could be Due from Investors on Their Share of the Fund's Ordinary Income Despite Overall Losses
  • There Could be a Limit on the Deductibility of Management and Performance Fees
  • New Partnership Audit Rules
  • Fees and Commissions are Charged Regardless of Profitability and are Subject to Change
  • The Fund's Service Providers Could Fail
  • Risks due to Redemption or Credit Restriction
  • There are No Independent Experts Representing Investors
  • The Fund Places Significant Reliance on Campbell & Company and the Incapacity of its Principals Could Adversely Affect the Fund
  • The Fund Could Terminate Before You Achieve Your Investment Objective Causing Potential Loss of Your Investment or Disruption of Your Investment Portfolio
  • Transfers Could Be Restricted
  • Restrictions on Investment by ERISA Plans, Employee Retirement Income Security Act of 1974
  • A Single-Advisor Fund May be More Volatile Than a Multi-Advisor Fund
  • The Performance Fee Could Be an Incentive to Make Riskier Investments
  • The Fund May Distribute Profits to Investors at Inopportune Times
  • Potential Inability to Trade or Report Due to Systems Failure Could Adversely Affect the Fund
  • Failure to Receive Timely and Accurate Market Data from Third Party Vendors Could Cause Disruptions or the Inability to Trade
  • Conflicts of Interest Exist in the Structure and Operation of the Fund
  • The Value Of The Shares Will Be Adversely Affected If The Fund is Required To Make Indemnification Payments
  • Reliance on Corporate Management and Financial Reporting
  • The Fund's Fees and Expenses
  • Compulsory Redemption of Units
Management Discussion
  • The offering of its Units of Limited Partnership Interest commenced on January 12, 1994. The initial offering terminated on April 15, 1994 and the Fund commenced operations on April 18, 1994. The continuing offering period commenced at the termination of the initial offering period and terminated on January 6, 2012.
  • The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Management believes that the estimates utilized in preparing the financial statements are reasonable and prudent; however, actual results could differ from those estimates. The Fund's significant accounting policies are described in detail in Note 1 of the Financial Statements.
  • The Fund records all investments at fair value in its financial statements, with changes in fair value reported as a component of realized and change in unrealized trading gains (losses) in the Statements of Operations. Generally, fair values are based on market prices; however, in certain circumstances, estimates are involved in determining fair value in the absence of an active market closing price (i.e., forward contracts which are traded in the interbank market).
Content analysis
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Constraining
Legalese
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Readability
H.S. freshman Avg
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Proxies

No filings