-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DNnQVwm7BSvZvD2CPYIk3nr1FfeJi9Q5PiLzQBW+wcycdLjRDlj7JEpgYpgbTL0c aGHArr9GEtKdrknUM/fOQA== 0000945227-00-000019.txt : 20000511 0000945227-00-000019.hdr.sgml : 20000511 ACCESSION NUMBER: 0000945227-00-000019 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFUTURES LONG/SHORT GROWTH FUND LP CENTRAL INDEX KEY: 0001045702 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 742849862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-89507 FILM NUMBER: 623836 BUSINESS ADDRESS: STREET 1: 1310 HIGHWAY 620 SOUTH STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78734 BUSINESS PHONE: 5122633800 MAIL ADDRESS: STREET 1: 1310 HIGHWAY 620 SOUTH STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78734 FORMER COMPANY: FORMER CONFORMED NAME: PROFUTURES BULL & BEAR FUND L P DATE OF NAME CHANGE: 19980827 424B3 1 MONTHLY PERFORMANCE REPORT APRIL 2000 Filer: Company Data: Company Name: ProFutures Long/Short Growth Fund, L.P. IRS number: 74-2849862 State of Incorporation: Delaware Fiscal Year End: 12/31 Business Address: 11612 Bee Cave Road, Suite 100 Austin, Texas 78733 Business Phone: 800-348-3601 Filing Values: Form Type: 424B3 SEC File Number: 000-25585 PROFUTURES LONG/SHORT GROWTH FUND, L.P. Account Statement of Income (Loss) For the Calendar Month of April 2000 (Prepared from Accounts Without Audit) NET TRADING INCOME (LOSS): April 30, 2000 ---------------- Realized Trading Gain (Loss) $(2,096,003.90) Change in Unrealized Gain (Loss) (3,260,025.00) Less Broker Commissions 1,212.42 Less Other Trading Fees 1,998.58 -------------- NET TRADING INCOME (LOSS) (5,359,239.90) Interest Income 138,575.38 -------------- NET INCOME (LOSS) BEFORE EXPENSES (5,220,664.52) -------------- EXPENSES INCURRED OR ACCRUED: Professional Services 4,107.50 ProFutures Management Fee 69,041.97 Change in Incentive Fee 0.00 Other Expenses 99.00 -------------- NET EXPENSES 73,248.47 -------------- NET INCOME (LOSS) FOR THE PERIOD $(5,293,912.99) ============== STATEMENT OF CHANGES IN NET ASSET VALUE (N.A.V.) N.A.V., Beginning of Period $32,840,659.05 Partners' Additions 410,891.12 Partners' Redemptions (489,415.65) Net Income (Loss) for the Period (5,293,912.99) -------------- N.A.V., End of Period $27,468,221.53 ============== Percentage Increase (Decrease) (16.12)% ============== Per Unit Value $ 1,277.77 ============== THIS STATEMENT IS ACCURATE AND COMPLETE TO THE BEST OF MY KNOWLEDGE: /s/ Gary D. Halbert GARY D. HALBERT PRESIDENT OF PROFUTURES, INC. GENERAL PARTNER FOR PROFUTURES LONG/SHORT GROWTH FUND, L.P. ADVISOR'S PRO FORMA COMPOSITE AND FUND PERFORMANCE FROM JULY 1, 1995 THROUGH APRIL 30, 2000 [CHART] DATA POINTS FOR MOUNTAIN CHART 6/95 $1000.00 7/95 987.20 8/95 982.76 9/95 1046.54 10/95 1061.29 11/95 957.71 12/95 976.00 1/96 1088.93 2/96 1086.97 3/96 1121.10 4/96 1166.50 5/96 1219.70 6/96 1239.46 7/96 1192.93 8/96 1199.03 9/96 1311.02 10/96 1351.92 11/96 1409.65 12/96 1300.26 1/97 1451.74 2/97 1501.97 3/97 1660.73 4/97 1478.55 5/97 1609.40 6/97 1764.70 7/97 2014.94 8/97 1808.21 9/97 2003.85 10/97 1829.12 11/97 1864.26 12/97 1751.29 1/98 1799.72 2/98 1987.50 3/98 2177.44 4/98 2230.48 5/98 2238.73 6/98 2220.02 7/98 2169.81 8/98 2832.94 9/98 2356.91 10/98 2825.15 11/98 3160.26 12/98 3473.08 1/99 3558.11 2/99 3542.56 3/99 3466.86 4/99 3531.59 5/99 3334.87 6/99 3601.59 7/99 3243.19 8/99 3243.14 9/99 3491.29 10/99 3329.99 11/99 3330.66 12/99 3023.24 1/00 2732.71 2/00 2615.75 3/00 2786.03 4/00 2336.92
ADVISOR'S PRO FORMA COMPOSITE AND FUND PERFORMANCE FROM JULY 1, 1995 THROUGH APRIL 30, 2000 - ------------------------------------------------------------------------------- 2000 1999 1998 1997 1996 1995 - ------------------------------------------------------------------------------- January (9.6)% 2.4% 2.8% 11.7% 11.6% - ------------------------------------------------------------------------------- February (4.3)% (0.4)% 10.4% 3.5% (0.2)% - ------------------------------------------------------------------------------- March 6.5% (2.1)% 9.6% 10.6% 3.1% - ------------------------------------------------------------------------------- April (16.1)% 1.9% 2.4% (11.0)% 4.1% - ------------------------------------------------------------------------------- May (5.6)% 0.4% 8.9% 4.6% - ------------------------------------------------------------------------------- June 8.0% (0.8)% 9.7% 1.6% - ------------------------------------------------------------------------------- July (10.0)% (2.3)% 14.2% (3.8)% (1.3)% - ------------------------------------------------------------------------------- August 0.0% 30.6% (10.3)% 0.6% (0.5)% - ------------------------------------------------------------------------------- September 7.7% (16.8)% 10.8% 9.3% 6.5% - ------------------------------------------------------------------------------- October (4.6)% 19.9% (8.7)% 3.1% 1.4% - ------------------------------------------------------------------------------- November 0.0% 11.9% 1.9% 4.3% (9.8)% - ------------------------------------------------------------------------------- December (9.2)% 9.9% (6.1)% (7.8)% 1.9% - ------------------------------------------------------------------------------- Year (22.7)% (13.0)% 98.3% 34.7% 33.2% (2.4)% (6 mos.) - -------------------------------------------------------------------------------
ADVISOR'S PRO FORMA COMPOSITE AND FUND RESULTS JULY 1, 1995 THROUGH APRIL 30, 2000
Total Annualized ------- ---------- 3 months (14.5)% 6 months (29.8)% 1 year (33.8)% 2 years 4.8% 2.4% 3 years 58.1% 16.5% ----- ---- Inception* 133.7% 19.2% ===== ==== *July 1, 1995
ADVISOR'S PRO FORMA COMPOSITE AND FUND PERFORMANCE FROM JULY 1, 1995 THROUGH APRIL 30, 2000 PERFORMANCE VS. S&P 500 STOCK INDEX -----------------------------------
Composite/ Fund INDEX ---------- ----- Total Return 133.7% 188.4% Annualized Return 19.2% 24.5% Worst Drawdown (35.1)% (15.4)% Average Month 1.8% 1.9% Best Month 30.6% 9.7% Worst Month (16.8)% (14.5)% Best 12 Months 98.3% 51.9% Worst 12 Months (33.8)% 8.1% Positive Months 35 41 Negative Months 23 17
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NOTES: Performance shown above is actual results, net of fees, for ProFutures Long/Short Growth Fund, L.P., for the period November 1997 (fund inception) to the date of publication noted at top. Prior to that time, performance is the composite pro forma results of the Leverage 3 Futures Program managed by Hampton Investors, Inc. for the period July 1995 through October 1997, on a monthly and annual basis (year-to-date basis for partial years). The historical performance of the Leverage 3 Futures Program has been retroactively adjusted on a pro forma basis to approximately reflect the cost/fee structure of the Fund for the period from the Leverage 3 Futures Program's inception through the period immediately preceding commencement of trading by the Fund. The purpose of this pro forma presentation is to provide an approximation of the rates of return such composite accounts would have achieved had they been traded pursuant to the Fund's cost/fee structure. Pro forma comparisons are subject to certain inherent limitations and actual results may have been different; see Prospectus for details. Pro forma assumptions; General Partner management fee 3% per annum of month-end Net Assets; Trading Advisor incentive fee 20% of New Trading Profits; operating and administrative expenses 1% per annum of average annual Net Assets; actual transaction costs and interest income as reflected in the Leverage 3 Futures Program composite. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. FUTURES TRADING IS SPECULATIVE AND INVOLVES SUBSTANTIAL RISK. The Fund's performance in 1998 resulted from a combination of highly volatile equity markets and generally accurate predictions of market movements by the Advisor's Program. There can be no assurance that either such volatility or accurate predictions will continue. Both the General Partner and the Advisor believe the Fund's 1998 returns were substantially above the returns one can reasonably expect from an investment such as the Fund. The use of this Performance Update is authorized only when preceded or accompanied by a current Prospectus and recent monthly report relating to the Fund. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. The offering of units in the Fund can only be made by the Prospectus, which contains important information regarding the substantial risks associated with an investment. The Prospectus should be read carefully and retained by any person considering such an investment. The units have not been approved or disapproved by the Securities and Exchange Commission or the Commodity Futures Trading Commission, nor has the Securities and Exchange Commission, the Commodity Futures Trading Commission, or any state securities commission passed upon the accuracy or adequacy of the Prospectus or this page. Any representation to the contrary is a criminal offense. An investment in the Fund is speculative and involves a high degree of risk. -----END PRIVACY-ENHANCED MESSAGE-----