World Monetary and Agriculture Program 

Trading Strategies

DUNN’s World Monetary and Agriculture (WMA) program utilizes a long-term trend following strategy, encompassing a portfolio of financial, energy, metal and agricultural futures markets. The program is almost always invested, either long or short, in each market it trades. The WMA program seeks to extract profits from up and down trends, resulting in a stream that exhibits a low correlation with traditional asset classes. WMA’s average holding period is approximately 6 months. Please note, although it is the advisor's objective to extract profits from such trends, the result of trading activity may not meet such objective as there is a high degree of risk in futures trading.

The Advisor primarily trades commodity futures on agricultural products, energies, equity indices, financials and precious metals  on the Chicago, Board of Trade, Chicago Mercantile Exchange, the New York Mercantile Exchange and the Intercontinental Exchange. From time to time, the Trading Advisor may trade other commodity futures, and options thereon, and in other markets, both on domestic and foreign exchanges. In essence, the Trading Advisor’s trading program seeks to achieve a level of return commensurate with the risks of futures trading.

WMA was first implemented in 1984 and has been modified from time to time as research indicated improvements. The basic trading strategy of the Trading Advisor’s WMA program is to hold continuous positions (either long or short) with the major price trend of each future in the portfolio. This approach is designed to capture a substantial fraction of the total profit potential from non-trivial changes in a future’s price. The program carries the position in each market judged most likely to capture trends, while simultaneously attempting to maintain a balanced, diversified, calibrated risk posture for each account. Please note, although it is the advisor's objective to extract profits from such trends, the result of trading activity may not meet such objective as there is a high degree of risk in futures trading.

In general terms, WMA and WMA Institutional are technical, long-term, major trend following, reversal programs that scale their long or short positions in accordance with the estimated strength or weakness of a particular market’s trending. All decisions necessary to implement the strategy are derived from proprietary computer programs designed by the Trading Advisor.