July was a challenging month for Streamline Trading, with a net performance of -2.75% (+1.09% YTD), bringing our year-to-date return to +1.09%. This is the second month with a negative result, which is obviously disappointing, but loss periods are inevitable in our strategy. The current drawdown of 3.2% is within the expected margins. Our low correlation of 0.11 with the S&P 500 confirms the diversification benefits of our fund.
After a detailed analysis of our algorithms, we can confirm that they are all still performing within statistical expectations and that our strategy remains robust. This gives us confidence in the long-term success of the fund. We are grateful for the continued trust and support of our investors. We remain committed to delivering strong, uncorrelated returns.