0001144204-11-036962.txt : 20110622
0001144204-11-036962.hdr.sgml : 20110622
20110622142005
ACCESSION NUMBER: 0001144204-11-036962
CONFORMED SUBMISSION TYPE: 424B3
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20110622
DATE AS OF CHANGE: 20110622
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CAMPBELL ALTERNATIVE ASSET TRUST
CENTRAL INDEX KEY: 0001114485
STANDARD INDUSTRIAL CLASSIFICATION: [6221]
IRS NUMBER: 522238521
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 424B3
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-74014
FILM NUMBER: 11925411
BUSINESS ADDRESS:
STREET 1: 2850 QUARRY LAKE DRIVE
CITY: BALTIMORE,
STATE: MD
ZIP: 21209
BUSINESS PHONE: 410-413-2660
MAIL ADDRESS:
STREET 1: 2850 QUARRY LAKE DRIVE
CITY: BALTIMORE,
STATE: MD
ZIP: 21209
FORMER COMPANY:
FORMER CONFORMED NAME: CAMPBELL ASSET ALLOCATION TRUST
DATE OF NAME CHANGE: 20000511
424B3
1
v226666_424b3.txt
CAMPBELL ALTERNATIVE ASSET TRUST
MONTHLY REPORT - MAY 2011
-----------
STATEMENT OF CHANGES IN NET ASSET VALUE
---------------------------------------
Net Asset Value (16,795.488 units) at April 30, 2011 $ 30,175,274
Additions of 34.786 units on May 31, 2011 60,433
Redemptions of (16,830.274) units on May 31, 2011 (29,238,603)
Offering Costs 0
Net Income - May 2011 (997,104)
-------------
Net Asset Value (0.000 units) at May 31, 2011 $ 0
=============
Net Asset Value per Unit at May 31, 2011 $ 1,737.26
=============
STATEMENT OF INCOME (LOSS)
--------------------------
Income:
Gains (losses) on futures contracts:
Realized $ 126,580
Change in unrealized (815,158)
Gains (losses) on forward and options on forward contracts:
Realized (17,887)
Change in unrealized (186,393)
Net Investment Income (Loss) 478
-------------
(892,380)
-------------
Expenses:
Brokerage fee 78,921
Performance fee 0
Operating expenses 25,803
-------------
104,724
-------------
Net Income (Loss) - May 2011 $ (997,104)
=============
FUND STATISTICS
---------------
Net Asset Value per Unit on May 31, 2011 $ 1,737.26
Net Asset Value per Unit on April 30, 2011 $ 1,796.63
Unit Value Monthly Gain (Loss) % (3.30)%
Fund 2011 calendar YTD Gain (Loss) % (0.92)%
To the best of my knowledge and belief, the information contained herein is
accurate and complete.
/s/ Theresa D. Becks
-----------------------------------------
Theresa D. Becks, Chief Executive Officer
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust
Prepared without audit
Dear Investor,
Diversification Helps Limit Losses in a Dramatic Commodity Reversal...
In many ways, the commodity markets took center stage in May as the Trust put
another volatile month behind. The petroleum complex sold off substantially on
May 5th, despite the lack of any oil-related fundamental data. In addition,
precious metals saw a significant decline with the price of silver dropping 24%,
giving back the entire April rally. While the Trust suffered losses in these
sectors, our models significantly reduced long commodity exposure on the abrupt
reversal in price action and spike in volatility throughout the month.
Trading in global equities also generated losses on softer economic data, Wall
Street lowering U.S. growth forecasts, and renewed European sovereign debt
concerns mainly focused on Greece. While positions have been reduced in this
sector, regional risk was rotated out of Europe and back to the U.S.
Losses were also recorded in currency trading as the U.S. Dollar rallied against
most major currencies. The Trust's long Euro position produced the biggest
currency loss, as the European Central Bank disappointed expectations of rate
hikes at its May policy meeting.
Fixed income trading produced strong positive results, helping to mitigate
losses in riskier assets as the flight-to-quality theme was dominant in May.
Once again, a steady risk posture and a discipline centered on diversification
helped the Trust navigate a very volatile month for our strategy space.
Please do not hesitate to call me with questions.
Sincerely,
Terri Becks
President & CEO
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust