CAMPBELL ALTERNATIVE ASSET TRUST
MONTHLY REPORT - APRIL 2010
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STATEMENT OF CHANGES IN NET ASSET VALUE
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Net Asset Value (18,905.694 units) at March 31, 2010 $ 28,102,285
Additions of 40.483 units on April 30, 2010 61,844
Redemptions of (407.070) units on April 30, 2010 (621,876)
Offering Costs (13,190)
Net Income - April 2010 792,998
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Net Asset Value (18,539.107 units) at April 30, 2010 $ 28,322,061
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Net Asset Value per Unit at April 30, 2010 $ 1,527.69
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STATEMENT OF INCOME (LOSS)
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Income:
Gains (losses) on futures contracts:
Realized $ 628,956
Change in unrealized 133,177
Gains (losses) on forward and options on forward contracts:
Realized 4,524
Change in unrealized 110,259
Net Investment Income (Loss) 2,747
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879,663
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Expenses:
Brokerage fee 73,164
Performance fee 0
Operating expenses 13,501
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86,665
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Net Income (Loss) - April 2010 $ 792,998
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FUND STATISTICS
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Net Asset Value per Unit on April 30, 2010 $ 1,527.69
Net Asset Value per Unit on March 31, 2010 $ 1,486.45
Unit Value Monthly Gain (Loss) % 2.77%
Fund 2010 calendar YTD Gain (Loss) % (0.64)%
To the best of my knowledge and belief, the information contained herein is
accurate and complete.
/s/ Theresa D. Becks
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Theresa D. Becks, Chief Executive Officer
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust
Prepared without audit
Dear Investor,
Fixed Income, Currencies and Commodities Yield Positive Performance for April...
April performance was led by strong gains in the fixed income markets from long
positions in Europe and from U.S. Bond prices that moved higher during the month
as the Greece sovereign debt concerns and fears of contagion played center stage
in global markets. Currency trading also benefited from the sovereign debt fears
and from perceived signs of positive economic growth beginning to materialize.
Further gains were recorded in energy and precious metals, as energy markets
continued its high correlation to the S&P and investor demand for precious
metals continued to grow. Marginal losses were incurred in base metals trading
as these markets moved lower on U.S. dollar strength.
Global equity indices trading produced flat performance, with net longs across
the board producing positive results in the U.S., negative results in Europe,
and flat performance in Asia.
Investors continue to be provided with fragmented predictions of economic
recovery, coupled with concerns over the recent strong market gains and
sovereign debt contagion. These types of ambiguous market signals bode well for
systematic disciplines by minimizing the human emotions one can easily succumb
to during these times.
Should you have any questions or concerns, please don't hesitate to contact me.
Sincerely,
Terri Becks
President & CEO
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust