Campbell Systematic Macro Fund Class I · NASDAQ:EBSIX
Campbell Systematic Macro Fund Class I — Investor Presentation (August 2026)
31 slides from Campbell Systematic Macro Fund Class I's investor presentation, Aug 31, 2026
Slide 1: Campbell Systematic Macro: Diversification Through a Liquid Alternative Investment
CAMPBELL SYSTEMATIC MACRO EBSIX EBSAX EBSCX Diversification Through a Liquid Alternative Investment August 31, 2026 PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES AND FORWARD CONTRACT TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK, AND IS NOT SUITABLE FOR ALL INVESTORS.
Slide 2: Disclosures
DISCLOSURES Principal Risk Factors Currency rates in foreign countries may fluctuate significantly over short periods of time for a • Alternative investments, such as managed futures, are speculative, involve a high degree number of reasons, including changes in interest rates and the imposition of
Slide 3: Executive Summary
EXECUTIVE SUMMARY Opportunity to invest in a liquid alternative investment with the potential to generate returns that are uncorrelated to traditional assets. Why Systematic Macro Why Campbell • Adapts to shifting global markets using data- • 50+ years managing systematic driven models – not opinion
Slide 4: Campbell: A Pioneer in Absolute Return Strategies
CAMPBELL: A PIONEER IN ABSOLUTE RETURN STRATEGIES Campbell is a quantitative investment management firm specializing in absolute return strategies for institutional and individual clients globally. 50+ Years $6.4bn 60+ Pioneering Absolute In AUM1 Across Diverse Team Members Return Investing Strategy
Slide 5: Experienced Investment Committee
EXPERIENCED INVESTMENT COMMITTEE Years of Years of Industry Experience1 Campbell Experience1 Education Kevin Cole, Ph.D. 28 23 Ph.D. in Economics with a concentration in Finance from the Chief Executive Officer & University of California at Berkeley and a B.A. in Economics from Chief Investment Offi
Slide 6: What Is Systematic Macro?
WHAT IS SYSTEMATIC MACRO? Systematic macro blends data and discipline with a global reach, helping investors pursue consistent returns while managing risk. SYSTEMATIC MACRO OUTCOMES Adaptive, Quantitative, Global, Diverse, Flexible Globally Diversified, Consistent Directionally Agnostic, Seeks oppor
Slide 7: Institutional Investors Using Macro for Risk Mitigation
INSTITUTIONAL INVESTORS USING MACRO FOR RISK MITIGATION 40%+ of institutional investors plan to increase exposure to global macro strategies in 20251 Macro as a risk mitigation strategy Major pensions and endowments (CALPERS, OPERS) are adding macro as a core allocation for risk mitigation, not just
Slide 8: Introducing Campbell Systematic Macro
INTRODUCING CAMPBELL SYSTEMATIC MACRO Campbell Systematic Macro (EBSIX) seeks long-term capital appreciation by using a rules-based, systematic approach to trade futures and other derivatives across global equities, fixed income, currencies, and commodities. It combines these strategies with investm
Slide 9: Why Systematic Macro?
WHY SYSTEMATIC MACRO? A Changing Market Landscape Opportunities Amid Uncertainty Historical Resilience • Rising rates, inflation, policy divergence • Volatility creates opportunities across • Positive returns during past market turmoil challenge 60/40 currencies, rates, commodities, equities • Syste
Slide 10: Monthly Performance
MONTHLY PERFORMANCE Monthly & Annual Performance (Class I) | March 8, 2013 — August 31, 2026 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD 2026 2.46% 2.19% 2.24% 2.79% -1.46% -0.79% -1.49% 3.23% 9.40% 2025 4.92% -1.66% 2.18% -1.94% -1.39% -0.60% -1.42% -0.51% 2.47% -1.21% -2.24% 0.54% -1.
Slide 11: Strong Historical Returns
STRONG HISTORICAL RETURNS EBSIX Performance Since Reallocation November 2018 – August 2026 330% Systematic Macro (EBSIX) HFRX Global Hedge Fund Index 300% S&P 500 Index Bloomberg US Aggregate Bond Index 270% EBSIX has delivered 240% strong 210% returns with lower 180% volatility than stocks. 150% 12
Slide 12: Low Correlation
LOW CORRELATION EBSIX Correlation to Traditional Investments 1.00 November 2018 – August 2026 1.00 0.80 0.60 0.40 0.20 0.00 -0.20 (0.21) (0.23) -0.40 (0.33) (0.36) -0.60 Systematic Macro US Equities Global Equities US Fixed Income Global Fixed Income (EBSIX) EBSIX Correlation to Alternative Investme
Slide 13: The "Shock Absorber" Effect
THE “SHOCK ABSORBER” EFFECT EBSIX has delivered positive average returns during most of the ten worst months for US stocks since 2018. Monthly Returns During Ten Worst Months for US Stocks November 2018 to August 2026 S&P 500 EBSIX US BONDS March 2020 -12.35% -0.40% -0.59% September 2022 -9.21% 3.80
Slide 14: The Impact of Low Correlation: Portfolio Optimization
THE IMPACT OF LOW CORRELATION: PORTFOLIO OPTIMIZATION Return 330 BPS Higher Historical Impact of an Allocation to EBSIX November 9, 2018 to August 31, 2026 Stocks & Bonds with a 10% Stocks & Bonds Only EBSIX Allocation 10% Return 0.3% HIGHER 35% 40% EBSIX Equities 60% Bonds Risk ~1.2% LOWER 55% Retu
Slide 15: Portfolio Diversification
PORTFOLIO DIVERSIFICATION Diversification Impact Since Reallocation November 2018 – August 2026 9.70% 24% 24% +0.43 Sharpe 40% 40% improvement 36% 36% 28% 28% 30% 30% 9.50% 20% 32% 42% Increasing 42% 20% EBSIX Annualized Return 32% Increased Return allocations 48% has 9.30% 10% 48% historically 36%
Slide 16: Global Diversification in a Single Investment
GLOBAL DIVERSIFICATION IN A SINGLE INVESTMENT Dynamic Macro Strategy: Actively Buying or Selling Across 100+ Markets in North America, Asia, and Europe As of August 31, 2026 Foreign Exchange1 Fixed Income (24+ Markets) (21 Markets) Potential to generate returns in rising markets Buy (“Go Long”) Sell
Slide 17: Market Universe
MARKET UNIVERSE 100+ Buy/Sell Market Details As of August 31, 2026 FIXED INCOME | 21 EQUITY INDICES | 25 COMMODITIES | 35 FOREIGN EXCHANGE1 | 24+ 3-Month SOFR Futures CAC 40 Index (France) Aluminum Australian Dollar2 Australian 10-Year Bond DAX Index (Germany) Canola Brazilian Real Australian 3-Year
Slide 18: Core Strategies in Systematic Macro
CORE STRATEGIES IN SYSTEMATIC MACRO Systematic macro funds commonly use rules-based strategies to identify and capture opportunities globally. Each plays a different role in managing risk and seeking returns across diverse market environments. RULES-BASED STRATEGIES Momentum Quant Macro Short-Term (
Slide 19: EBSIX Details
EBSIX DETAILS Expense Ratio Share Class Ticker CUSIP Inception Date (gross/net) Class I EBSIX 74933W833 03/08/2013 1.85% / 1.75% Class A1 EBSAX 74933W841 03/08/2013 2.10% / 2.00% Class C EBSCX 74933W817 02/11/2014 2.85% / 2.75% Investment Advisor Campbell & Company Investment Advisor LLC Fund Distri
Slide 20: Why EBSIX Deserves a Place in Client Portfolios
WHY EBSIX DESERVES A PLACE IN CLIENT PORTFOLIOS EBSIX can complement other alternatives by adding a liquid, lowly-correlated, globally diversified strategy that actively adapts to market conditions, helping to enhance the overall resilience and flexibility of a portfolio. Structure & Strategy Compar
Slide 21: Why EBSIX Deserves a Place in Client Portfolios: Performance Comparison
WHY EBSIX DESERVES A PLACE IN CLIENT PORTFOLIOS EBSIX helps optimize portfolios with a strategy that balances return, risk, and diversification. Alternative Investment Performance Comparison November 9, 2018 – August 31, 2026 Allocation Annualized Annualized Max “Risk/Return” Correlation to Strategy
Slide 22: Implementing EBSIX in Client Portfolios
IMPLEMENTING EBSIX IN CLIENT PORTFOLIOS Role in the Portfolio Suggested Allocation • Liquid alternative for diversification • Typically 5%‒15% • Uncorrelated returns with stocks and bonds • Depends on risk tolerance and diversification • Seeks capital growth with managed risk goals Ease of Implement
Slide 23: Want to Learn More About EBSIX?
WANT TO LEARN MORE ABOUT EBSIX? VISIT OUR WEBSITE For the latest fund insights, holdings, and performance. DOWNLOAD FACTSHEET Quick access to key data, strategy highlights, and allocation details. CONTACT OUR TEAM Have questions? Reach out to us at 800.698.7235 PAST PERFORMANCE IS NOT INDICATIVE OF
Slide 24: Appendix
APPENDIX PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES AND FORWARD CONTRACT TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK, AND IS NOT SUITABLE FOR ALL INVESTORS.
Slide 25: Best of Both Worlds (Trend and Macro)
BEST OF BOTH WORLDS (TREND AND MACRO) Strong offense… Stronger defense… Systematic Macro vs. Trend Following (aka “Managed Systematic Macro in worst losing periods for Trend Following (aka Futures”) and Discretionary Macro1 (aka “Global Macro”) “Managed Futures”) and Discretionary Macro1 (aka “Globa
Slide 26: Case Studies
CASE STUDIES Momentum Quant Macro Short-Term (managed futures) (global macro) (tactical) 10-year US T-Note Futures, 2022 S&P 500 Futures, Early 2020 Nasdaq Futures, 2021–2022 EBSIX momentum strategies EBSIX used intraday signals to EBSIX shifted between reversion detected declining bond prices posit
Slide 27: Index Performance Returns
INDEX PERFORMANCE RETURNS Returns as of August 31, 2026 Annualized 1-Year 3-Year 5-Year 10-Year Bloomberg Commodity Index TR 42.78% 15.13% 12.23% 8.12% Bloomberg Global Aggregate Bond Index 0.61% 3.62% -1.75% 0.34% Bloomberg US Aggregate Bond Index 1.89% 4.09% -0.29% 1.40% Gapstow Private Credit and
Slide 28: Performance Disclosures
PERFORMANCE DISCLOSURES PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. While Campbell believes that the information set forth in the in this material is relevant to evaluating your investment, the performance shown is not necessarily indicative of, and may have no bearing on, any trading resu
Slide 29: Glossary
GLOSSARY Alpha Sources (systematic model): An alpha source (systematic model) is a clearly defined, Margin-to-Equity: The ratio of the dollar amount posted by a managed account as margin to rules-based approach that uses computer code and data to generate trading signals. the total dollar amount of
Slide 30: Glossary
GLOSSARY Standard Deviation: A risk statistic used to measure the degree of variation of returns around the mean return. The annual standard deviation is calculated by multiplying the daily standard deviation by the square root of 250. Vanguard 500 Index Fund; Class I: The investment seeks to track
Slide 31: Contact Information
CONTACT INFORMATION CAMPBELL 2850 Quarry Lake Drive, Suite 100 Baltimore, Maryland 21209 410-413-2600 pwd@campbell.com www.ebsix.com 13645 0926 / 12927 1225 PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES AND FORWARD CONTRACT 31 TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK, AND IS
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