Breakout Funds LLC

Propeller Program *QEP*


Monthly Performance (%)

Date Range: 01/18 - 06/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 2.96 1.89 7.67 5.33 2.13 -1.02   20.27 
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 

Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Breakout incorporates quantitative global macro thematic views with current news events to place discretionary short term concentrated trades in futures markets. Our trading approach draws on a combined 30 years of experience in the proprietary trading space where we have learned that protecting principal is the primary goal of any trading strategy. We believe that there is always an underlying theme that shapes the direction of the market, and it is our goal to adapt and implement strategies suitable for each particular market regime.

Performance Statistics

Date Range: 01/18 - 06/20
  Program S&P 500 Coquest 40 
Total Return 40.36% 21.87% 0.31% 
Annualized Return 15.06% 8.23% 0.12% 
Annualized Std. Deviation 11.43% 18.20% 7.60% 
Correlation -0.18 0.05 
Sharpe Ratio (rf=2.5%) 1.10 0.31 -0.31 
Worst Month -5.07% -12.35% -6.10% 
Date of Worst Month 05/2018 03/2020 02/2018 
Worst Drawdown -5.07% -19.60% -9.14% 
Date of Worst Drawdown 4/18 - 5/18 12/19 - 3/20 1/18 - 1/19 

Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 01/18 - 06/20
Year or YTD Program S&P 500 Coquest 40 
2020 20.27 -3.08 -2.54 
2019 11.73 31.50 7.53 
2018 4.46 -9.57 -7.45 

Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 01/18 - 06/20
Date: 6/30/2020
Perf: $969.88 Date: 5/31/2020
Perf: $982.46 Date: 4/30/2020
Perf: $994.09 Date: 3/31/2020
Perf: $990.82 Date: 2/29/2020
Perf: $990.22 Date: 1/31/2020
Perf: $1,005.20 Date: 12/31/2019
Perf: $995.15 Date: 11/30/2019
Perf: $1,001.36 Date: 10/31/2019
Perf: $991.64 Date: 9/30/2019
Perf: $1,014.05 Date: 8/31/2019
Perf: $1,042.94 Date: 7/31/2019
Perf: $1,006.51 Date: 6/30/2019
Perf: $973.31 Date: 5/31/2019
Perf: $954.23 Date: 4/30/2019
Perf: $973.31 Date: 3/31/2019
Perf: $947.26 Date: 2/28/2019
Perf: $914.43 Date: 1/31/2019
Perf: $908.61 Date: 12/31/2018
Perf: $925.46 Date: 11/30/2018
Perf: $921.59 Date: 10/31/2018
Perf: $932.78 Date: 9/30/2018
Perf: $956.40 Date: 8/31/2018
Perf: $960.73 Date: 7/31/2018
Perf: $936.84 Date: 6/30/2018
Perf: $943.92 Date: 5/31/2018
Perf: $936.05 Date: 4/30/2018
Perf: $948.29 Date: 3/31/2018
Perf: $938.15 Date: 2/28/2018
Perf: $939.00 Date: 1/31/2018
Perf: $1,000.00 Date: 6/30/2020
Perf: $1,152.62 Date: 5/31/2020
Perf: $1,130.13 Date: 4/30/2020
Perf: $1,078.78 Date: 3/31/2020
Perf: $956.20 Date: 2/29/2020
Perf: $1,090.93 Date: 1/31/2020
Perf: $1,188.76 Date: 12/31/2019
Perf: $1,189.24 Date: 11/30/2019
Perf: $1,154.38 Date: 10/31/2019
Perf: $1,113.94 Date: 9/30/2019
Perf: $1,090.28 Date: 8/31/2019
Perf: $1,070.27 Date: 7/31/2019
Perf: $1,087.45 Date: 6/30/2019
Perf: $1,072.01 Date: 5/31/2019
Perf: $1,001.41 Date: 4/30/2019
Perf: $1,069.31 Date: 3/31/2019
Perf: $1,027.69 Date: 2/28/2019
Perf: $1,008.13 Date: 1/31/2019
Perf: $976.78 Date: 12/31/2018
Perf: $904.34 Date: 11/30/2018
Perf: $994.11 Date: 10/31/2018
Perf: $974.24 Date: 9/30/2018
Perf: $1,045.77 Date: 8/31/2018
Perf: $1,039.84 Date: 7/31/2018
Perf: $1,007.01 Date: 6/30/2018
Perf: $970.89 Date: 5/31/2018
Perf: $964.91 Date: 4/30/2018
Perf: $942.20 Date: 3/31/2018
Perf: $938.64 Date: 2/28/2018
Perf: $963.10 Date: 1/31/2018
Perf: $1,000.00 Date: 6/30/2020
Perf: $1,403.62 Date: 5/31/2020
Perf: $1,418.08 Date: 4/30/2020
Perf: $1,388.51 Date: 3/31/2020
Perf: $1,318.24 Date: 2/29/2020
Perf: $1,224.34 Date: 1/31/2020
Perf: $1,201.63 Date: 12/31/2019
Perf: $1,167.08 Date: 11/30/2019
Perf: $1,162.78 Date: 10/31/2019
Perf: $1,129.24 Date: 9/30/2019
Perf: $1,172.02 Date: 8/31/2019
Perf: $1,125.53 Date: 7/31/2019
Perf: $1,075.62 Date: 6/30/2019
Perf: $1,104.45 Date: 5/31/2019
Perf: $1,082.05 Date: 4/30/2019
Perf: $1,081.51 Date: 3/31/2019
Perf: $1,077.31 Date: 2/28/2019
Perf: $1,067.91 Date: 1/31/2019
Perf: $1,073.28 Date: 12/31/2018
Perf: $1,044.55 Date: 11/30/2018
Perf: $1,025.08 Date: 10/31/2018
Perf: $1,067.23 Date: 9/30/2018
Perf: $1,001.16 Date: 8/31/2018
Perf: $1,035.54 Date: 7/31/2018
Perf: $1,032.13 Date: 6/30/2018
Perf: $1,019.89 Date: 5/31/2018
Perf: $969.48 Date: 4/30/2018
Perf: $1,021.26 Date: 3/31/2018
Perf: $970.68 Date: 2/28/2018
Perf: $1,012.50 Date: 1/31/2018
Perf: $1,000.00

Note: All performance data is since program inception.

Monthly Returns

Date Range: 01/18 - 06/20
Date: 6/30/2020
Return: -1.02 % Date: 5/31/2020
Return: 2.13 % Date: 4/30/2020
Return: 5.33 % Date: 3/31/2020
Return: 7.67 % Date: 2/29/2020
Return: 1.89 % Date: 1/31/2020
Return: 2.96 % Date: 12/31/2019
Return: 0.37 % Date: 11/30/2019
Return: 2.97 % Date: 10/31/2019
Return: -3.65 % Date: 9/30/2019
Return: 4.13 % Date: 8/31/2019
Return: 4.64 % Date: 7/31/2019
Return: -2.61 % Date: 6/30/2019
Return: 2.07 % Date: 5/31/2019
Return: 0.05 % Date: 4/30/2019
Return: 0.39 % Date: 3/31/2019
Return: 0.88 % Date: 2/28/2019
Return: -0.50 % Date: 1/31/2019
Return: 2.75 % Date: 12/31/2018
Return: 1.90 % Date: 11/30/2018
Return: -3.95 % Date: 10/31/2018
Return: 6.60 % Date: 9/30/2018
Return: -3.32 % Date: 8/31/2018
Return: 0.33 % Date: 7/31/2018
Return: 1.20 % Date: 6/30/2018
Return: 5.20 % Date: 5/31/2018
Return: -5.07 % Date: 4/30/2018
Return: 5.21 % Date: 3/31/2018
Return: -4.13 % Date: 2/28/2018
Return: 1.25 % Date: 1/31/2018
Return: 0.00 %

Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 01/18 - 06/20
Return: 8.00 %
Count: 1 Return: 4.00 %
Count: 1 Return: -1.00 %
Count: 2 Return: 3.00 %
Count: 3 Return: 2.00 %
Count: 4 Return: 7.00 %
Count: 1 Return: -3.00 %
Count: 2 Return: -5.00 %
Count: 1 Return: 5.00 %
Count: 4 Return: -4.00 %
Count: 3 Return: 1.00 %
Count: 3 Return: 0.00 %
Count: 5

Note: All performance data is since program inception.

Underwater Curve

Date Range: 01/18 - 06/20
Date: 6/30/2020
Drawdown: -1.02 % Date: 5/31/2020
Drawdown: 0.00 % Date: 4/30/2020
Drawdown: 0.00 % Date: 3/31/2020
Drawdown: 0.00 % Date: 2/29/2020
Drawdown: 0.00 % Date: 1/31/2020
Drawdown: 0.00 % Date: 12/31/2019
Drawdown: -0.42 % Date: 11/30/2019
Drawdown: -0.79 % Date: 10/31/2019
Drawdown: -3.65 % Date: 9/30/2019
Drawdown: 0.00 % Date: 8/31/2019
Drawdown: 0.00 % Date: 7/31/2019
Drawdown: -2.61 % Date: 6/30/2019
Drawdown: 0.00 % Date: 5/31/2019
Drawdown: 0.00 % Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: 0.00 % Date: 2/28/2019
Drawdown: -0.50 % Date: 1/31/2019
Drawdown: 0.00 % Date: 12/31/2018
Drawdown: -2.13 % Date: 11/30/2018
Drawdown: -3.95 % Date: 10/31/2018
Drawdown: 0.00 % Date: 9/30/2018
Drawdown: -3.32 % Date: 8/31/2018
Drawdown: 0.00 % Date: 7/31/2018
Drawdown: 0.00 % Date: 6/30/2018
Drawdown: -0.13 % Date: 5/31/2018
Drawdown: -5.07 % Date: 4/30/2018
Drawdown: 0.00 % Date: 3/31/2018
Drawdown: -4.13 % Date: 2/28/2018
Drawdown: 0.00 %

Note: All performance data is since program inception.

Manager Information

Manager Name:  Breakout Funds LLC
Address: 2350 S Riverside PL Suite 2350
City: Chicago
State: IL
Zip: 60606
Country: US

Key People

Name:  Matt Laviolette
Position:  Chief Investment Officer
Biography: 

Matt has 15 years of experience professionally trading futures markets. He began his career trading S&P 500 futures at Black Diamond Capital. After becoming partner, Matt joined Vine Street Trading and ran a global macro book for 5 years. Matt joined Aaron Larkin to manage Power Investment Management Services in 2015 and has since co-founded Breakout Funds.


Name:  Bryan Leavitt
Position:  Director
Biography: 

Bryan is responsible for creating, testing, and implementing systematic quantitative investment ideas. Prior to joining Breakout, Bryan worked as a quantitative analyst for 2100 Xenon’s managed futures business which was ultimately sold to Manning & Napier in 2014, peaking at $850M AUM. He earned his B.A in Mathematics and Integrated Science from Northwestern University and his M.S. in Financial Mathematics from the University of Chicago. He is a CFA charterholder.


Name:  Aaron Larkin
Position:  Chief Executive Officer
Biography: 

Aaron, a trader with over 15 years of experience trading global macro products, got his start proprietary trading for Black Diamond Futures. After 3 years trading there he moved onto trading his own book for 7 years. In 2013, he took the CIO position at Power Investment Management Services where he focused on trading and developing strategies. In July of 2017 he founded Breakout Funds where he is trading and is acting CEO


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Other Futures Yes 
 Investment Methodology
 Macro-economic Yes 
 Discretionary Yes 
 Diversified Yes 
 Instruments Traded
 Geographical Focus
 Global Yes 
 Holding Period
 Investment Terms & Information
 Managed Account Minimum: $1,000,000 
 Margin / Equity Ratio: 5% 
 Managed Account Availability: Open 
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