Altegris Clearing Solutions Eckhardt Trading Company Standard Program
Monthly Performance (%)
Date Range: 07/91 - 05/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -3.45 -1.17 -1.93 1.87 0.19 -4.49
2016 7.76 3.30 -2.13 0.31 -2.06 8.53 -0.03 -8.80 -2.04 -2.71 1.27 3.68 5.98
2015 4.72 -0.46 -0.66 -1.66 2.13 -4.82 0.22 -4.69 3.06 -0.68 1.62 -7.41 -8.94
2014 -2.38 7.11 -5.02 0.72 1.72 0.70 -4.36 5.40 1.16 5.44 3.63 1.69 16.09
2013 3.26 -1.27 0.85 0.45 -5.03 -4.53 -0.73 0.57 1.47 -0.10 3.89 2.34 0.76
2012 1.36 1.68 -2.47 1.61 8.23 -6.71 8.29 1.72 -0.95 -7.91 0.28 -0.07 3.83
2011 -3.24 3.07 -1.48 9.04 -4.26 -5.00 0.85 -0.32 -8.07 -3.92 -2.53 0.03 -15.64
2010 -6.92 -1.12 0.52 2.55 2.73 5.53 -1.87 3.63 5.09 3.62 -2.35 8.45 20.62
2009 -1.38 -0.23 0.86 -1.79 3.41 -5.06 1.26 0.48 2.35 -4.85 6.74 -5.64 -4.50
2008 1.85 10.01 0.21 0.14 1.70 3.10 -5.47 -2.71 2.69 0.17 1.20 0.26 13.16
2007 0.37 0.67 -4.07 3.19 1.70 5.21 1.23 -1.76 11.81 5.39 3.06 3.76 34.11
2006 0.67 -2.13 -4.36 4.92 1.34 1.83 -3.54 1.86 -1.79 0.67 5.95 -2.33 2.56
2005 -3.38 0.23 1.33 -1.79 6.16 3.25 -0.20 3.72 -1.86 0.31 0.64 0.34 8.70
2004 -2.22 4.28 -0.75 -4.37 0.04 -3.65 -2.69 4.40 0.86 5.97 4.39 -1.12 4.55
2003 1.56 7.26 -0.58 0.31 4.78 -0.80 -1.55 0.44 0.15 -0.70 0.86 2.69 15.01
2002 2.69 -4.55 -0.99 3.92 -0.68 2.59 2.24 -0.34 -1.01 -1.90 -1.40 10.79 11.07
2001 1.63 -1.07 0.40 -0.48 3.40 -3.28 -1.42 5.87 -3.28 5.58 -2.36 0.76 5.34
2000 -2.14 -0.61 -1.94 -0.29 1.88 -1.45 -2.71 0.43 1.48 0.83 12.30 10.02 17.94
1999 1.49 5.12 -6.18 -2.59 -2.43 1.43 5.18 -5.62 3.31 -2.86 0.04 -0.73 -4.54
1998 4.77 2.48 -3.20 -5.17 1.89 1.57 -1.59 25.28 0.18 0.39 -0.15 0.65 27.10
1997 12.66 6.91 6.60 1.24 1.89 5.39 9.18 -4.11 6.51 -0.41 -3.54 -2.35 46.01
1996 8.72 -5.40 2.60 17.48 -9.28 -3.32 -4.28 -1.20 17.55 16.24 11.43 -5.51 47.94
1995 -1.39 8.85 14.13 3.21 20.13 -1.32 -10.31 -3.27 -2.80 -5.58 9.24 13.01 47.33
1994 -18.30 -0.70 10.58 2.17 5.05 1.66 -0.10 -8.59 13.36 -10.50 8.74 -10.45 -11.69
1993 -1.38 9.63 -8.28 9.41 3.81 12.13 9.41 4.85 -6.67 1.74 4.90 9.45 57.95
1992 -15.27 -7.56 -5.70 2.22 -3.45 9.35 11.43 7.51 -1.18 -4.35 7.70 -4.60 -7.26
1991 -1.00 6.64 0.25 2.09 27.92 38.22
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

ETC began managing accounts according to the Standard Program in August 1991 and primarily engages in trading financial and commodity futures contracts on U.S. and non-U.S. exchanges. Currently, the market groups or contracts traded by ETC in the Standard Program include, but are not limited to; U.S. and international interest rates, stock indices, currencies and cross-rates, metals, energy products, grains and soft markets. ETC’s trading approach is the product of over 28 years of intensive research on futures price action, risk management and trading system development. Diverse systems are melded in accordance with the modern mathematical theory of risk. The systems are technical in origin and trend following in thrust. They are not based on the analysis of fundamental supply and demand factors. ETC’s trading approach is predominantly applied in an algorithmic or mechanical manner. Occasionally, discretion and judgment may be used. Such discretion is nonetheless informed by investigations into historical price action and is often employed for risk management purposes. Discretion also may be utilized in connection with the timing of the entry of orders in the markets traded. ETC believes that research is a crucial component of the trading enterprise. Time and resources are devoted to it accordingly.

Performance Statistics
Date Range: 07/91 - 05/17
  Program SP500 TR Altegris 40
Total Return 2008.40% 1007.82% 361.36%
Annualized Return 12.53% 9.72% 6.08%
Annualized Std. Deviation 19.20% 14.17% 11.05%
Correlation 0.02 0.69
Sharpe Ratio (rf=2.5%) 0.52 0.51 0.32
Worst Month -18.30% -16.79% -8.16%
Date of Worst Month 01/1994 10/2008 01/1992
Worst Drawdown -27.11% -50.95% -15.74%
Date of Worst Drawdown 12/91 - 5/92 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 07/91 - 05/17
Year or YTD Program SP500 TR Altegris 40
2017 -4.49 8.68 -1.02
2016 5.98 11.98 -3.13
2015 -8.94 1.41 0.09
2014 16.09 13.69 15.75
2013 0.76 32.41 -2.45
2012 3.83 15.98 -4.75
2011 -15.64 2.12 -3.23
2010 20.62 15.06 11.33
2009 -4.50 26.45 -7.98
2008 13.16 -36.99 15.47
2007 34.11 5.50 7.18
2006 2.56 15.79 6.70
2005 8.70 4.89 4.51
2004 4.55 10.87 2.57
2003 15.01 28.69 15.99
2002 11.07 -22.10 15.22
2001 5.34 -11.88 5.39
2000 17.94 -9.09 10.63
1999 -4.54 21.04 0.87
1998 27.10 28.58 12.61
1997 46.01 33.38 10.22
1996 47.94 22.96 16.04
1995 47.33 37.57 13.16
1994 -11.69 1.32 -5.46
1993 57.95 10.08 14.66
1992 -7.26 7.65 0.89
1991 38.22 9.10 19.09
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 07/91 - 05/17
Date: 5/31/2017
Perf: $4,833.50 Date: 4/30/2017
Perf: $4,824.34 Date: 3/31/2017
Perf: $4,853.46 Date: 2/28/2017
Perf: $4,925.37 Date: 1/31/2017
Perf: $4,820.29 Date: 12/31/2016
Perf: $4,883.28 Date: 11/30/2016
Perf: $4,846.45 Date: 10/31/2016
Perf: $4,900.35 Date: 9/30/2016
Perf: $5,030.13 Date: 8/31/2016
Perf: $5,095.87 Date: 7/31/2016
Perf: $5,236.73 Date: 6/30/2016
Perf: $5,183.86 Date: 5/31/2016
Perf: $4,972.53 Date: 4/30/2016
Perf: $5,061.09 Date: 3/31/2016
Perf: $5,191.40 Date: 2/29/2016
Perf: $5,344.79 Date: 1/31/2016
Perf: $5,216.47 Date: 12/31/2015
Perf: $5,041.04 Date: 11/30/2015
Perf: $5,159.71 Date: 10/31/2015
Perf: $4,989.57 Date: 9/30/2015
Perf: $5,077.93 Date: 8/31/2015
Perf: $4,970.08 Date: 7/31/2015
Perf: $5,057.57 Date: 6/30/2015
Perf: $4,867.26 Date: 5/31/2015
Perf: $5,134.24 Date: 4/30/2015
Perf: $5,171.48 Date: 3/31/2015
Perf: $5,379.11 Date: 2/28/2015
Perf: $5,262.80 Date: 1/31/2015
Perf: $5,271.24 Date: 12/31/2014
Perf: $5,036.53 Date: 11/30/2014
Perf: $4,949.42 Date: 10/31/2014
Perf: $4,671.47 Date: 9/30/2014
Perf: $4,603.80 Date: 8/31/2014
Perf: $4,536.21 Date: 7/31/2014
Perf: $4,352.11 Date: 6/30/2014
Perf: $4,387.21 Date: 5/31/2014
Perf: $4,349.80 Date: 4/30/2014
Perf: $4,241.23 Date: 3/31/2014
Perf: $4,209.24 Date: 2/28/2014
Perf: $4,272.47 Date: 1/31/2014
Perf: $4,237.72 Date: 12/31/2013
Perf: $4,351.29 Date: 11/30/2013
Perf: $4,357.39 Date: 10/31/2013
Perf: $4,279.92 Date: 9/30/2013
Perf: $4,184.11 Date: 8/31/2013
Perf: $4,209.36 Date: 7/31/2013
Perf: $4,291.76 Date: 6/30/2013
Perf: $4,329.43 Date: 5/31/2013
Perf: $4,499.98 Date: 4/30/2013
Perf: $4,702.17 Date: 3/31/2013
Perf: $4,583.91 Date: 2/28/2013
Perf: $4,518.84 Date: 1/31/2013
Perf: $4,545.20 Date: 12/31/2012
Perf: $4,460.45 Date: 11/30/2012
Perf: $4,438.70 Date: 10/31/2012
Perf: $4,426.31 Date: 9/30/2012
Perf: $4,592.56 Date: 8/31/2012
Perf: $4,669.61 Date: 7/31/2012
Perf: $4,733.99 Date: 6/30/2012
Perf: $4,547.98 Date: 5/31/2012
Perf: $4,725.66 Date: 4/30/2012
Perf: $4,637.55 Date: 3/31/2012
Perf: $4,609.89 Date: 2/29/2012
Perf: $4,716.96 Date: 1/31/2012
Perf: $4,697.70 Date: 12/31/2011
Perf: $4,682.72 Date: 11/30/2011
Perf: $4,638.19 Date: 10/31/2011
Perf: $4,624.32 Date: 9/30/2011
Perf: $4,814.99 Date: 8/31/2011
Perf: $4,817.88 Date: 7/31/2011
Perf: $4,827.54 Date: 6/30/2011
Perf: $4,660.23 Date: 5/31/2011
Perf: $4,784.64 Date: 4/30/2011
Perf: $4,965.89 Date: 3/31/2011
Perf: $4,779.49 Date: 2/28/2011
Perf: $4,853.75 Date: 1/31/2011
Perf: $4,772.62 Date: 12/31/2010
Perf: $4,838.91 Date: 11/30/2010
Perf: $4,639.86 Date: 10/31/2010
Perf: $4,810.14 Date: 9/30/2010
Perf: $4,630.48 Date: 8/31/2010
Perf: $4,547.71 Date: 7/31/2010
Perf: $4,366.92 Date: 6/30/2010
Perf: $4,423.99 Date: 5/31/2010
Perf: $4,407.24 Date: 4/30/2010
Perf: $4,516.54 Date: 3/31/2010
Perf: $4,448.04 Date: 2/28/2010
Perf: $4,278.20 Date: 1/31/2010
Perf: $4,238.36 Date: 12/31/2009
Perf: $4,346.59 Date: 11/30/2009
Perf: $4,527.69 Date: 10/31/2009
Perf: $4,352.30 Date: 9/30/2009
Perf: $4,466.64 Date: 8/31/2009
Perf: $4,362.81 Date: 7/31/2009
Perf: $4,348.46 Date: 6/30/2009
Perf: $4,353.25 Date: 5/31/2009
Perf: $4,472.21 Date: 4/30/2009
Perf: $4,411.33 Date: 3/31/2009
Perf: $4,560.46 Date: 2/28/2009
Perf: $4,690.38 Date: 1/31/2009
Perf: $4,692.73 Date: 12/31/2008
Perf: $4,723.43 Date: 11/30/2008
Perf: $4,605.08 Date: 10/31/2008
Perf: $4,442.06 Date: 9/30/2008
Perf: $4,224.49 Date: 8/31/2008
Perf: $4,215.64 Date: 7/31/2008
Perf: $4,331.29 Date: 6/30/2008
Perf: $4,539.66 Date: 5/31/2008
Perf: $4,421.60 Date: 4/30/2008
Perf: $4,332.35 Date: 3/31/2008
Perf: $4,382.76 Date: 2/29/2008
Perf: $4,402.12 Date: 1/31/2008
Perf: $4,165.13 Date: 12/31/2007
Perf: $4,090.68 Date: 11/30/2007
Perf: $4,100.11 Date: 10/31/2007
Perf: $4,126.93 Date: 9/30/2007
Perf: $3,956.41 Date: 8/31/2007
Perf: $3,779.89 Date: 7/31/2007
Perf: $3,926.34 Date: 6/30/2007
Perf: $4,051.54 Date: 5/31/2007
Perf: $3,937.74 Date: 4/30/2007
Perf: $3,802.00 Date: 3/31/2007
Perf: $3,648.76 Date: 2/28/2007
Perf: $3,736.18 Date: 1/31/2007
Perf: $3,881.75 Date: 12/31/2006
Perf: $3,816.49 Date: 11/30/2006
Perf: $3,691.71 Date: 10/31/2006
Perf: $3,603.42 Date: 9/30/2006
Perf: $3,564.22 Date: 8/31/2006
Perf: $3,602.40 Date: 7/31/2006
Perf: $3,562.50 Date: 6/30/2006
Perf: $3,616.02 Date: 5/31/2006
Perf: $3,666.25 Date: 4/30/2006
Perf: $3,766.05 Date: 3/31/2006
Perf: $3,676.34 Date: 2/28/2006
Perf: $3,580.39 Date: 1/31/2006
Perf: $3,645.28 Date: 12/31/2005
Perf: $3,576.96 Date: 11/30/2005
Perf: $3,642.89 Date: 10/31/2005
Perf: $3,493.04 Date: 9/30/2005
Perf: $3,487.46 Date: 8/31/2005
Perf: $3,434.57 Date: 7/31/2005
Perf: $3,416.12 Date: 6/30/2005
Perf: $3,414.07 Date: 5/31/2005
Perf: $3,301.49 Date: 4/30/2005
Perf: $3,202.53 Date: 3/31/2005
Perf: $3,282.97 Date: 2/28/2005
Perf: $3,301.46 Date: 1/31/2005
Perf: $3,278.83 Date: 12/31/2004
Perf: $3,422.58 Date: 11/30/2004
Perf: $3,411.32 Date: 10/31/2004
Perf: $3,236.24 Date: 9/30/2004
Perf: $3,129.22 Date: 8/31/2004
Perf: $3,087.54 Date: 7/31/2004
Perf: $3,108.99 Date: 6/30/2004
Perf: $3,144.84 Date: 5/31/2004
Perf: $3,252.17 Date: 4/30/2004
Perf: $3,304.71 Date: 3/31/2004
Perf: $3,523.90 Date: 2/29/2004
Perf: $3,558.77 Date: 1/31/2004
Perf: $3,368.77 Date: 12/31/2003
Perf: $3,336.74 Date: 11/30/2003
Perf: $3,198.26 Date: 10/31/2003
Perf: $3,207.88 Date: 9/30/2003
Perf: $3,137.29 Date: 8/31/2003
Perf: $3,151.79 Date: 7/31/2003
Perf: $3,122.44 Date: 6/30/2003
Perf: $3,194.64 Date: 5/31/2003
Perf: $3,276.89 Date: 4/30/2003
Perf: $3,095.20 Date: 3/31/2003
Perf: $3,050.36 Date: 2/28/2003
Perf: $3,235.42 Date: 1/31/2003
Perf: $3,053.15 Date: 12/31/2002
Perf: $2,876.80 Date: 11/30/2002
Perf: $2,711.66 Date: 10/31/2002
Perf: $2,788.63 Date: 9/30/2002
Perf: $2,940.97 Date: 8/31/2002
Perf: $2,811.37 Date: 7/31/2002
Perf: $2,745.21 Date: 6/30/2002
Perf: $2,606.05 Date: 5/31/2002
Perf: $2,394.38 Date: 4/30/2002
Perf: $2,333.93 Date: 3/31/2002
Perf: $2,390.35 Date: 2/28/2002
Perf: $2,397.30 Date: 1/31/2002
Perf: $2,466.86 Date: 12/31/2001
Perf: $2,496.82 Date: 11/30/2001
Perf: $2,445.23 Date: 10/31/2001
Perf: $2,651.23 Date: 9/30/2001
Perf: $2,541.44 Date: 8/31/2001
Perf: $2,465.50 Date: 7/31/2001
Perf: $2,393.92 Date: 6/30/2001
Perf: $2,388.67 Date: 5/31/2001
Perf: $2,415.24 Date: 4/30/2001
Perf: $2,414.51 Date: 3/31/2001
Perf: $2,573.01 Date: 2/28/2001
Perf: $2,416.43 Date: 1/31/2001
Perf: $2,393.69 Date: 12/31/2000
Perf: $2,369.05 Date: 11/30/2000
Perf: $2,188.90 Date: 10/31/2000
Perf: $2,059.95 Date: 9/30/2000
Perf: $2,017.78 Date: 8/31/2000
Perf: $2,053.51 Date: 7/31/2000
Perf: $2,012.06 Date: 6/30/2000
Perf: $2,048.11 Date: 5/31/2000
Perf: $2,080.35 Date: 4/30/2000
Perf: $2,052.24 Date: 3/31/2000
Perf: $2,083.70 Date: 2/29/2000
Perf: $2,136.69 Date: 1/31/2000
Perf: $2,160.89 Date: 12/31/1999
Perf: $2,141.41 Date: 11/30/1999
Perf: $2,114.13 Date: 10/31/1999
Perf: $2,073.90 Date: 9/30/1999
Perf: $2,169.80 Date: 8/31/1999
Perf: $2,162.24 Date: 7/31/1999
Perf: $2,149.34 Date: 6/30/1999
Perf: $2,166.24 Date: 5/31/1999
Perf: $2,111.34 Date: 4/30/1999
Perf: $2,146.98 Date: 3/31/1999
Perf: $2,083.03 Date: 2/28/1999
Perf: $2,100.04 Date: 1/31/1999
Perf: $2,061.49 Date: 12/31/1998
Perf: $2,122.84 Date: 11/30/1998
Perf: $2,074.10 Date: 10/31/1998
Perf: $2,112.77 Date: 9/30/1998
Perf: $2,121.25 Date: 8/31/1998
Perf: $2,030.49 Date: 7/31/1998
Perf: $1,881.30 Date: 6/30/1998
Perf: $1,877.36 Date: 5/31/1998
Perf: $1,875.11 Date: 4/30/1998
Perf: $1,828.66 Date: 3/31/1998
Perf: $1,904.26 Date: 2/28/1998
Perf: $1,882.24 Date: 1/31/1998
Perf: $1,897.03 Date: 12/31/1997
Perf: $1,885.16 Date: 11/30/1997
Perf: $1,835.95 Date: 10/31/1997
Perf: $1,810.61 Date: 9/30/1997
Perf: $1,821.90 Date: 8/31/1997
Perf: $1,799.23 Date: 7/31/1997
Perf: $1,889.16 Date: 6/30/1997
Perf: $1,765.90 Date: 5/31/1997
Perf: $1,745.65 Date: 4/30/1997
Perf: $1,775.11 Date: 3/31/1997
Perf: $1,817.65 Date: 2/28/1997
Perf: $1,819.65 Date: 1/31/1997
Perf: $1,777.17 Date: 12/31/1996
Perf: $1,710.30 Date: 11/30/1996
Perf: $1,750.20 Date: 10/31/1996
Perf: $1,634.94 Date: 9/30/1996
Perf: $1,512.43 Date: 8/31/1996
Perf: $1,447.44 Date: 7/31/1996
Perf: $1,452.53 Date: 6/30/1996
Perf: $1,491.00 Date: 5/31/1996
Perf: $1,475.94 Date: 4/30/1996
Perf: $1,511.62 Date: 3/31/1996
Perf: $1,436.62 Date: 2/29/1996
Perf: $1,428.48 Date: 1/31/1996
Perf: $1,519.82 Date: 12/31/1995
Perf: $1,473.84 Date: 11/30/1995
Perf: $1,410.51 Date: 10/31/1995
Perf: $1,387.20 Date: 9/30/1995
Perf: $1,385.82 Date: 8/31/1995
Perf: $1,421.35 Date: 7/31/1995
Perf: $1,403.94 Date: 6/30/1995
Perf: $1,432.01 Date: 5/31/1995
Perf: $1,463.62 Date: 4/30/1995
Perf: $1,447.27 Date: 3/31/1995
Perf: $1,421.82 Date: 2/28/1995
Perf: $1,313.70 Date: 1/31/1995
Perf: $1,267.32 Date: 12/31/1994
Perf: $1,302.48 Date: 11/30/1994
Perf: $1,325.41 Date: 10/31/1994
Perf: $1,307.11 Date: 9/30/1994
Perf: $1,307.77 Date: 8/31/1994
Perf: $1,290.86 Date: 7/31/1994
Perf: $1,341.71 Date: 6/30/1994
Perf: $1,385.06 Date: 5/31/1994
Perf: $1,322.76 Date: 4/30/1994
Perf: $1,293.78 Date: 3/31/1994
Perf: $1,311.22 Date: 2/28/1994
Perf: $1,290.70 Date: 1/31/1994
Perf: $1,320.67 Date: 12/31/1993
Perf: $1,377.71 Date: 11/30/1993
Perf: $1,353.22 Date: 10/31/1993
Perf: $1,376.48 Date: 9/30/1993
Perf: $1,386.18 Date: 8/31/1993
Perf: $1,403.73 Date: 7/31/1993
Perf: $1,419.92 Date: 6/30/1993
Perf: $1,353.98 Date: 5/31/1993
Perf: $1,334.89 Date: 4/30/1993
Perf: $1,333.56 Date: 3/31/1993
Perf: $1,274.91 Date: 2/28/1993
Perf: $1,281.96 Date: 1/31/1993
Perf: $1,191.30 Date: 12/31/1992
Perf: $1,201.52 Date: 11/30/1992
Perf: $1,218.82 Date: 10/31/1992
Perf: $1,199.28 Date: 9/30/1992
Perf: $1,202.40 Date: 8/31/1992
Perf: $1,232.35 Date: 7/31/1992
Perf: $1,169.65 Date: 6/30/1992
Perf: $1,091.50 Date: 5/31/1992
Perf: $1,023.25 Date: 4/30/1992
Perf: $1,012.32 Date: 3/31/1992
Perf: $1,051.43 Date: 2/29/1992
Perf: $1,052.27 Date: 1/31/1992
Perf: $1,093.73 Date: 12/31/1991
Perf: $1,190.90 Date: 11/30/1991
Perf: $1,026.55 Date: 10/31/1991
Perf: $1,016.19 Date: 9/30/1991
Perf: $1,043.85 Date: 8/31/1991
Perf: $989.90 Date: 7/31/1991
Perf: $1,000.00 Date: 5/31/2017
Perf: $10,584.93 Date: 4/30/2017
Perf: $10,437.76 Date: 3/31/2017
Perf: $10,331.35 Date: 2/28/2017
Perf: $10,318.97 Date: 1/31/2017
Perf: $9,924.95 Date: 12/31/2016
Perf: $9,739.89 Date: 11/30/2016
Perf: $9,550.78 Date: 10/31/2016
Perf: $9,210.01 Date: 9/30/2016
Perf: $9,380.74 Date: 8/31/2016
Perf: $9,378.87 Date: 7/31/2016
Perf: $9,365.75 Date: 6/30/2016
Perf: $9,032.46 Date: 5/31/2016
Perf: $9,009.03 Date: 4/30/2016
Perf: $8,849.74 Date: 3/31/2016
Perf: $8,815.36 Date: 2/29/2016
Perf: $8,255.63 Date: 1/31/2016
Perf: $8,266.37 Date: 12/31/2015
Perf: $8,697.78 Date: 11/30/2015
Perf: $8,837.41 Date: 10/31/2015
Perf: $8,810.98 Date: 9/30/2015
Perf: $8,125.21 Date: 8/31/2015
Perf: $8,330.99 Date: 7/31/2015
Perf: $8,865.58 Date: 6/30/2015
Perf: $8,683.23 Date: 5/31/2015
Perf: $8,855.02 Date: 4/30/2015
Perf: $8,742.25 Date: 3/31/2015
Perf: $8,659.12 Date: 2/28/2015
Perf: $8,798.13 Date: 1/31/2015
Perf: $8,319.74 Date: 12/31/2014
Perf: $8,577.06 Date: 11/30/2014
Perf: $8,598.55 Date: 10/31/2014
Perf: $8,373.31 Date: 9/30/2014
Perf: $8,173.87 Date: 8/31/2014
Perf: $8,289.93 Date: 7/31/2014
Perf: $7,971.08 Date: 6/30/2014
Perf: $8,082.62 Date: 5/31/2014
Perf: $7,918.71 Date: 4/30/2014
Perf: $7,736.89 Date: 3/31/2014
Perf: $7,680.06 Date: 2/28/2014
Perf: $7,616.08 Date: 1/31/2014
Perf: $7,283.24 Date: 12/31/2013
Perf: $7,544.27 Date: 11/30/2013
Perf: $7,358.11 Date: 10/31/2013
Perf: $7,140.33 Date: 9/30/2013
Perf: $6,826.32 Date: 8/31/2013
Perf: $6,618.50 Date: 7/31/2013
Perf: $6,816.17 Date: 6/30/2013
Perf: $6,486.03 Date: 5/31/2013
Perf: $6,574.12 Date: 4/30/2013
Perf: $6,423.80 Date: 3/31/2013
Perf: $6,302.17 Date: 2/28/2013
Perf: $6,074.38 Date: 1/31/2013
Perf: $5,992.88 Date: 12/31/2012
Perf: $5,697.74 Date: 11/30/2012
Perf: $5,646.36 Date: 10/31/2012
Perf: $5,613.80 Date: 9/30/2012
Perf: $5,719.61 Date: 8/31/2012
Perf: $5,575.75 Date: 7/31/2012
Perf: $5,453.06 Date: 6/30/2012
Perf: $5,378.30 Date: 5/31/2012
Perf: $5,165.48 Date: 4/30/2012
Perf: $5,495.78 Date: 3/31/2012
Perf: $5,530.62 Date: 2/29/2012
Perf: $5,354.46 Date: 1/31/2012
Perf: $5,132.73 Date: 12/31/2011
Perf: $4,912.64 Date: 11/30/2011
Perf: $4,863.04 Date: 10/31/2011
Perf: $4,873.76 Date: 9/30/2011
Perf: $4,393.55 Date: 8/31/2011
Perf: $4,725.77 Date: 7/31/2011
Perf: $4,997.11 Date: 6/30/2011
Perf: $5,100.65 Date: 5/31/2011
Perf: $5,187.28 Date: 4/30/2011
Perf: $5,246.57 Date: 3/31/2011
Perf: $5,095.73 Date: 2/28/2011
Perf: $5,093.70 Date: 1/31/2011
Perf: $4,924.78 Date: 12/31/2010
Perf: $4,810.76 Date: 11/30/2010
Perf: $4,509.52 Date: 10/31/2010
Perf: $4,509.07 Date: 9/30/2010
Perf: $4,343.58 Date: 8/31/2010
Perf: $3,987.87 Date: 7/31/2010
Perf: $4,176.21 Date: 6/30/2010
Perf: $3,902.64 Date: 5/31/2010
Perf: $4,118.01 Date: 4/30/2010
Perf: $4,475.61 Date: 3/31/2010
Perf: $4,406.00 Date: 2/28/2010
Perf: $4,155.42 Date: 1/31/2010
Perf: $4,030.48 Date: 12/31/2009
Perf: $4,181.00 Date: 11/30/2009
Perf: $4,101.83 Date: 10/31/2009
Perf: $3,869.65 Date: 9/30/2009
Perf: $3,942.99 Date: 8/31/2009
Perf: $3,801.21 Date: 7/31/2009
Perf: $3,668.76 Date: 6/30/2009
Perf: $3,410.90 Date: 5/31/2009
Perf: $3,404.09 Date: 4/30/2009
Perf: $3,223.88 Date: 3/31/2009
Perf: $2,942.30 Date: 2/28/2009
Perf: $2,705.31 Date: 1/31/2009
Perf: $3,027.77 Date: 12/31/2008
Perf: $3,306.51 Date: 11/30/2008
Perf: $3,271.83 Date: 10/31/2008
Perf: $3,524.92 Date: 9/30/2008
Perf: $4,236.17 Date: 8/31/2008
Perf: $4,650.53 Date: 7/31/2008
Perf: $4,584.06 Date: 6/30/2008
Perf: $4,622.90 Date: 5/31/2008
Perf: $5,048.48 Date: 4/30/2008
Perf: $4,983.69 Date: 3/31/2008
Perf: $4,752.26 Date: 2/29/2008
Perf: $4,772.78 Date: 1/31/2008
Perf: $4,933.11 Date: 12/31/2007
Perf: $5,247.99 Date: 11/30/2007
Perf: $5,284.45 Date: 10/31/2007
Perf: $5,514.98 Date: 9/30/2007
Perf: $5,428.66 Date: 8/31/2007
Perf: $5,232.95 Date: 7/31/2007
Perf: $5,155.61 Date: 6/30/2007
Perf: $5,320.55 Date: 5/31/2007
Perf: $5,410.36 Date: 4/30/2007
Perf: $5,227.91 Date: 3/31/2007
Perf: $5,006.14 Date: 2/28/2007
Perf: $4,950.69 Date: 1/31/2007
Perf: $5,049.66 Date: 12/31/2006
Perf: $4,974.55 Date: 11/30/2006
Perf: $4,905.87 Date: 10/31/2006
Perf: $4,814.39 Date: 9/30/2006
Perf: $4,662.40 Date: 8/31/2006
Perf: $4,545.13 Date: 7/31/2006
Perf: $4,439.47 Date: 6/30/2006
Perf: $4,412.12 Date: 5/31/2006
Perf: $4,405.95 Date: 4/30/2006
Perf: $4,536.60 Date: 3/31/2006
Perf: $4,476.62 Date: 2/28/2006
Perf: $4,421.79 Date: 1/31/2006
Perf: $4,409.88 Date: 12/31/2005
Perf: $4,296.04 Date: 11/30/2005
Perf: $4,294.75 Date: 10/31/2005
Perf: $4,138.32 Date: 9/30/2005
Perf: $4,208.60 Date: 8/31/2005
Perf: $4,174.79 Date: 7/31/2005
Perf: $4,213.13 Date: 6/30/2005
Perf: $4,062.02 Date: 5/31/2005
Perf: $4,056.34 Date: 4/30/2005
Perf: $3,931.32 Date: 3/31/2005
Perf: $4,007.47 Date: 2/28/2005
Perf: $4,079.68 Date: 1/31/2005
Perf: $3,995.77 Date: 12/31/2004
Perf: $4,095.70 Date: 11/30/2004
Perf: $3,961.03 Date: 10/31/2004
Perf: $3,806.85 Date: 9/30/2004
Perf: $3,749.48 Date: 8/31/2004
Perf: $3,709.42 Date: 7/31/2004
Perf: $3,694.64 Date: 6/30/2004
Perf: $3,821.12 Date: 5/31/2004
Perf: $3,748.40 Date: 4/30/2004
Perf: $3,697.74 Date: 3/31/2004
Perf: $3,756.72 Date: 2/29/2004
Perf: $3,814.32 Date: 1/31/2004
Perf: $3,762.03 Date: 12/31/2003
Perf: $3,694.06 Date: 11/30/2003
Perf: $3,510.13 Date: 10/31/2003
Perf: $3,479.51 Date: 9/30/2003
Perf: $3,293.12 Date: 8/31/2003
Perf: $3,328.40 Date: 7/31/2003
Perf: $3,264.73 Date: 6/30/2003
Perf: $3,208.27 Date: 5/31/2003
Perf: $3,167.72 Date: 4/30/2003
Perf: $3,009.14 Date: 3/31/2003
Perf: $2,780.06 Date: 2/28/2003
Perf: $2,753.36 Date: 1/31/2003
Perf: $2,795.28 Date: 12/31/2002
Perf: $2,870.49 Date: 11/30/2002
Perf: $3,049.50 Date: 10/31/2002
Perf: $2,879.87 Date: 9/30/2002
Perf: $2,646.94 Date: 8/31/2002
Perf: $2,969.75 Date: 7/31/2002
Perf: $2,950.28 Date: 6/30/2002
Perf: $3,199.87 Date: 5/31/2002
Perf: $3,445.17 Date: 4/30/2002
Perf: $3,470.85 Date: 3/31/2002
Perf: $3,694.75 Date: 2/28/2002
Perf: $3,560.87 Date: 1/31/2002
Perf: $3,630.94 Date: 12/31/2001
Perf: $3,684.74 Date: 11/30/2001
Perf: $3,652.60 Date: 10/31/2001
Perf: $3,392.40 Date: 9/30/2001
Perf: $3,328.82 Date: 8/31/2001
Perf: $3,621.43 Date: 7/31/2001
Perf: $3,863.27 Date: 6/30/2001
Perf: $3,901.51 Date: 5/31/2001
Perf: $3,998.68 Date: 4/30/2001
Perf: $3,972.06 Date: 3/31/2001
Perf: $3,685.68 Date: 2/28/2001
Perf: $3,935.17 Date: 1/31/2001
Perf: $4,330.08 Date: 12/31/2000
Perf: $4,181.63 Date: 11/30/2000
Perf: $4,161.24 Date: 10/31/2000
Perf: $4,517.19 Date: 9/30/2000
Perf: $4,536.25 Date: 8/31/2000
Perf: $4,789.11 Date: 7/31/2000
Perf: $4,509.10 Date: 6/30/2000
Perf: $4,580.55 Date: 5/31/2000
Perf: $4,470.14 Date: 4/30/2000
Perf: $4,563.70 Date: 3/31/2000
Perf: $4,705.33 Date: 2/29/2000
Perf: $4,286.14 Date: 1/31/2000
Perf: $4,368.71 Date: 12/31/1999
Perf: $4,599.61 Date: 11/30/1999
Perf: $4,343.76 Date: 10/31/1999
Perf: $4,257.34 Date: 9/30/1999
Perf: $4,003.89 Date: 8/31/1999
Perf: $4,116.69 Date: 7/31/1999
Perf: $4,136.96 Date: 6/30/1999
Perf: $4,270.19 Date: 5/31/1999
Perf: $4,045.66 Date: 4/30/1999
Perf: $4,143.44 Date: 3/31/1999
Perf: $3,989.07 Date: 2/28/1999
Perf: $3,835.64 Date: 1/31/1999
Perf: $3,958.76 Date: 12/31/1998
Perf: $3,799.92 Date: 11/30/1998
Perf: $3,592.97 Date: 10/31/1998
Perf: $3,387.67 Date: 9/30/1998
Perf: $3,132.96 Date: 8/31/1998
Perf: $2,944.24 Date: 7/31/1998
Perf: $3,441.94 Date: 6/30/1998
Perf: $3,478.82 Date: 5/31/1998
Perf: $3,343.09 Date: 4/30/1998
Perf: $3,401.60 Date: 3/31/1998
Perf: $3,367.58 Date: 2/28/1998
Perf: $3,203.56 Date: 1/31/1998
Perf: $2,988.12 Date: 12/31/1997
Perf: $2,955.31 Date: 11/30/1997
Perf: $2,905.34 Date: 10/31/1997
Perf: $2,776.78 Date: 9/30/1997
Perf: $2,872.73 Date: 8/31/1997
Perf: $2,723.48 Date: 7/31/1997
Perf: $2,885.04 Date: 6/30/1997
Perf: $2,672.33 Date: 5/31/1997
Perf: $2,557.74 Date: 4/30/1997
Perf: $2,410.91 Date: 3/31/1997
Perf: $2,275.09 Date: 2/28/1997
Perf: $2,372.61 Date: 1/31/1997
Perf: $2,354.24 Date: 12/31/1996
Perf: $2,215.76 Date: 11/30/1996
Perf: $2,260.52 Date: 10/31/1996
Perf: $2,101.63 Date: 9/30/1996
Perf: $2,045.18 Date: 8/31/1996
Perf: $1,936.18 Date: 7/31/1996
Perf: $1,896.17 Date: 6/30/1996
Perf: $1,983.86 Date: 5/31/1996
Perf: $1,976.35 Date: 4/30/1996
Perf: $1,926.64 Date: 3/31/1996
Perf: $1,898.73 Date: 2/29/1996
Perf: $1,880.67 Date: 1/31/1996
Perf: $1,863.34 Date: 12/31/1995
Perf: $1,802.07 Date: 11/30/1995
Perf: $1,767.95 Date: 10/31/1995
Perf: $1,693.60 Date: 9/30/1995
Perf: $1,699.72 Date: 8/31/1995
Perf: $1,630.90 Date: 7/31/1995
Perf: $1,626.83 Date: 6/30/1995
Perf: $1,574.55 Date: 5/31/1995
Perf: $1,538.85 Date: 4/30/1995
Perf: $1,479.67 Date: 3/31/1995
Perf: $1,437.41 Date: 2/28/1995
Perf: $1,396.22 Date: 1/31/1995
Perf: $1,343.81 Date: 12/31/1994
Perf: $1,309.88 Date: 11/30/1994
Perf: $1,290.78 Date: 10/31/1994
Perf: $1,339.54 Date: 9/30/1994
Perf: $1,310.06 Date: 8/31/1994
Perf: $1,342.97 Date: 7/31/1994
Perf: $1,290.07 Date: 6/30/1994
Perf: $1,249.10 Date: 5/31/1994
Perf: $1,280.47 Date: 4/30/1994
Perf: $1,259.81 Date: 3/31/1994
Perf: $1,243.89 Date: 2/28/1994
Perf: $1,300.60 Date: 1/31/1994
Perf: $1,336.83 Date: 12/31/1993
Perf: $1,292.87 Date: 11/30/1993
Perf: $1,277.41 Date: 10/31/1993
Perf: $1,289.66 Date: 9/30/1993
Perf: $1,263.51 Date: 8/31/1993
Perf: $1,273.31 Date: 7/31/1993
Perf: $1,226.82 Date: 6/30/1993
Perf: $1,231.74 Date: 5/31/1993
Perf: $1,228.18 Date: 4/30/1993
Perf: $1,196.13 Date: 3/31/1993
Perf: $1,225.79 Date: 2/28/1993
Perf: $1,200.46 Date: 1/31/1993
Perf: $1,184.35 Date: 12/31/1992
Perf: $1,174.49 Date: 11/30/1992
Perf: $1,160.22 Date: 10/31/1992
Perf: $1,121.96 Date: 9/30/1992
Perf: $1,118.04 Date: 8/31/1992
Perf: $1,105.01 Date: 7/31/1992
Perf: $1,128.13 Date: 6/30/1992
Perf: $1,083.80 Date: 5/31/1992
Perf: $1,100.20 Date: 4/30/1992
Perf: $1,094.83 Date: 3/31/1992
Perf: $1,063.56 Date: 2/29/1992
Perf: $1,084.61 Date: 1/31/1992
Perf: $1,070.69 Date: 12/31/1991
Perf: $1,090.98 Date: 11/30/1991
Perf: $978.98 Date: 10/31/1991
Perf: $1,020.09 Date: 9/30/1991
Perf: $1,006.60 Date: 8/31/1991
Perf: $1,023.70 Date: 7/31/1991
Perf: $1,000.00 Date: 5/31/2017
Perf: $21,084.03 Date: 4/30/2017
Perf: $21,044.05 Date: 3/31/2017
Perf: $20,657.75 Date: 2/28/2017
Perf: $21,064.29 Date: 1/31/2017
Perf: $21,313.66 Date: 12/31/2016
Perf: $22,075.25 Date: 11/30/2016
Perf: $21,291.72 Date: 10/31/2016
Perf: $21,024.71 Date: 9/30/2016
Perf: $21,610.35 Date: 8/31/2016
Perf: $22,060.38 Date: 7/31/2016
Perf: $24,189.01 Date: 6/30/2016
Perf: $24,196.27 Date: 5/31/2016
Perf: $22,294.54 Date: 4/30/2016
Perf: $22,763.47 Date: 3/31/2016
Perf: $22,693.12 Date: 2/29/2016
Perf: $23,187.01 Date: 1/31/2016
Perf: $22,446.28 Date: 12/31/2015
Perf: $20,829.88 Date: 11/30/2015
Perf: $22,496.90 Date: 10/31/2015
Perf: $22,138.26 Date: 9/30/2015
Perf: $22,289.83 Date: 8/31/2015
Perf: $21,628.01 Date: 7/31/2015
Perf: $22,692.28 Date: 6/30/2015
Perf: $22,642.47 Date: 5/31/2015
Perf: $23,789.10 Date: 4/30/2015
Perf: $23,292.96 Date: 3/31/2015
Perf: $23,686.15 Date: 2/28/2015
Perf: $23,843.52 Date: 1/31/2015
Perf: $23,953.71 Date: 12/31/2014
Perf: $22,874.05 Date: 11/30/2014
Perf: $22,493.91 Date: 10/31/2014
Perf: $21,705.98 Date: 9/30/2014
Perf: $20,586.10 Date: 8/31/2014
Perf: $20,350.04 Date: 7/31/2014
Perf: $19,307.43 Date: 6/30/2014
Perf: $20,187.61 Date: 5/31/2014
Perf: $20,047.28 Date: 4/30/2014
Perf: $19,708.30 Date: 3/31/2014
Perf: $19,567.41 Date: 2/28/2014
Perf: $20,601.62 Date: 1/31/2014
Perf: $19,234.07 Date: 12/31/2013
Perf: $19,703.00 Date: 11/30/2013
Perf: $19,252.50 Date: 10/31/2013
Perf: $18,531.62 Date: 9/30/2013
Perf: $18,550.17 Date: 8/31/2013
Perf: $18,281.43 Date: 7/31/2013
Perf: $18,177.82 Date: 6/30/2013
Perf: $18,311.49 Date: 5/31/2013
Perf: $19,180.36 Date: 4/30/2013
Perf: $20,196.23 Date: 3/31/2013
Perf: $20,105.75 Date: 2/28/2013
Perf: $19,936.30 Date: 1/31/2013
Perf: $20,192.74 Date: 12/31/2012
Perf: $19,555.24 Date: 11/30/2012
Perf: $19,568.94 Date: 10/31/2012
Perf: $19,514.30 Date: 9/30/2012
Perf: $21,190.47 Date: 8/31/2012
Perf: $21,393.71 Date: 7/31/2012
Perf: $21,031.96 Date: 6/30/2012
Perf: $19,421.88 Date: 5/31/2012
Perf: $20,818.83 Date: 4/30/2012
Perf: $19,235.73 Date: 3/31/2012
Perf: $18,930.94 Date: 2/29/2012
Perf: $19,410.37 Date: 1/31/2012
Perf: $19,089.67 Date: 12/31/2011
Perf: $18,833.53 Date: 11/30/2011
Perf: $18,827.88 Date: 10/31/2011
Perf: $19,316.59 Date: 9/30/2011
Perf: $20,104.70 Date: 8/31/2011
Perf: $21,869.57 Date: 7/31/2011
Perf: $21,939.78 Date: 6/30/2011
Perf: $21,754.86 Date: 5/31/2011
Perf: $22,899.86 Date: 4/30/2011
Perf: $23,918.80 Date: 3/31/2011
Perf: $21,935.80 Date: 2/28/2011
Perf: $22,265.33 Date: 1/31/2011
Perf: $21,602.14 Date: 12/31/2010
Perf: $22,325.49 Date: 11/30/2010
Perf: $20,585.97 Date: 10/31/2010
Perf: $21,081.39 Date: 9/30/2010
Perf: $20,344.90 Date: 8/31/2010
Perf: $19,359.50 Date: 7/31/2010
Perf: $18,681.37 Date: 6/30/2010
Perf: $19,037.37 Date: 5/31/2010
Perf: $18,039.77 Date: 4/30/2010
Perf: $17,560.37 Date: 3/31/2010
Perf: $17,123.71 Date: 2/28/2010
Perf: $17,035.13 Date: 1/31/2010
Perf: $17,228.09 Date: 12/31/2009
Perf: $18,508.90 Date: 11/30/2009
Perf: $19,615.20 Date: 10/31/2009
Perf: $18,376.62 Date: 9/30/2009
Perf: $19,313.31 Date: 8/31/2009
Perf: $18,869.87 Date: 7/31/2009
Perf: $18,779.73 Date: 6/30/2009
Perf: $18,546.05 Date: 5/31/2009
Perf: $19,534.49 Date: 4/30/2009
Perf: $18,890.33 Date: 3/31/2009
Perf: $19,234.63 Date: 2/28/2009
Perf: $19,070.62 Date: 1/31/2009
Perf: $19,114.59 Date: 12/31/2008
Perf: $19,382.06 Date: 11/30/2008
Perf: $19,331.80 Date: 10/31/2008
Perf: $19,102.57 Date: 9/30/2008
Perf: $19,070.15 Date: 8/31/2008
Perf: $18,570.60 Date: 7/31/2008
Perf: $19,087.88 Date: 6/30/2008
Perf: $20,192.40 Date: 5/31/2008
Perf: $19,585.26 Date: 4/30/2008
Perf: $19,257.88 Date: 3/31/2008
Perf: $19,230.95 Date: 2/29/2008
Perf: $19,190.65 Date: 1/31/2008
Perf: $17,444.46 Date: 12/31/2007
Perf: $17,127.60 Date: 11/30/2007
Perf: $16,506.94 Date: 10/31/2007
Perf: $16,016.83 Date: 9/30/2007
Perf: $15,197.67 Date: 8/31/2007
Perf: $13,592.41 Date: 7/31/2007
Perf: $13,835.92 Date: 6/30/2007
Perf: $13,667.81 Date: 5/31/2007
Perf: $12,990.98 Date: 4/30/2007
Perf: $12,773.82 Date: 3/31/2007
Perf: $12,378.93 Date: 2/28/2007
Perf: $12,904.13 Date: 1/31/2007
Perf: $12,818.25 Date: 12/31/2006
Perf: $12,771.00 Date: 11/30/2006
Perf: $13,075.66 Date: 10/31/2006
Perf: $12,341.35 Date: 9/30/2006
Perf: $12,259.21 Date: 8/31/2006
Perf: $12,482.65 Date: 7/31/2006
Perf: $12,254.71 Date: 6/30/2006
Perf: $12,704.45 Date: 5/31/2006
Perf: $12,476.14 Date: 4/30/2006
Perf: $12,311.17 Date: 3/31/2006
Perf: $11,733.86 Date: 2/28/2006
Perf: $12,268.78 Date: 1/31/2006
Perf: $12,535.79 Date: 12/31/2005
Perf: $12,452.36 Date: 11/30/2005
Perf: $12,410.17 Date: 10/31/2005
Perf: $12,331.25 Date: 9/30/2005
Perf: $12,293.14 Date: 8/31/2005
Perf: $12,526.13 Date: 7/31/2005
Perf: $12,076.87 Date: 6/30/2005
Perf: $12,101.07 Date: 5/31/2005
Perf: $11,720.16 Date: 4/30/2005
Perf: $11,040.09 Date: 3/31/2005
Perf: $11,241.31 Date: 2/28/2005
Perf: $11,093.77 Date: 1/31/2005
Perf: $11,068.31 Date: 12/31/2004
Perf: $11,455.51 Date: 11/30/2004
Perf: $11,585.26 Date: 10/31/2004
Perf: $11,098.06 Date: 9/30/2004
Perf: $10,472.83 Date: 8/31/2004
Perf: $10,383.53 Date: 7/31/2004
Perf: $9,945.91 Date: 6/30/2004
Perf: $10,220.85 Date: 5/31/2004
Perf: $10,608.04 Date: 4/30/2004
Perf: $10,603.80 Date: 3/31/2004
Perf: $11,088.36 Date: 2/29/2004
Perf: $11,172.15 Date: 1/31/2004
Perf: $10,713.61 Date: 12/31/2003
Perf: $10,956.85 Date: 11/30/2003
Perf: $10,669.84 Date: 10/31/2003
Perf: $10,578.86 Date: 9/30/2003
Perf: $10,653.43 Date: 8/31/2003
Perf: $10,637.48 Date: 7/31/2003
Perf: $10,590.88 Date: 6/30/2003
Perf: $10,757.62 Date: 5/31/2003
Perf: $10,844.37 Date: 4/30/2003
Perf: $10,349.66 Date: 3/31/2003
Perf: $10,317.68 Date: 2/28/2003
Perf: $10,377.87 Date: 1/31/2003
Perf: $9,675.43 Date: 12/31/2002
Perf: $9,526.81 Date: 11/30/2002
Perf: $8,598.98 Date: 10/31/2002
Perf: $8,721.08 Date: 9/30/2002
Perf: $8,889.99 Date: 8/31/2002
Perf: $8,980.69 Date: 7/31/2002
Perf: $9,011.33 Date: 6/30/2002
Perf: $8,813.90 Date: 5/31/2002
Perf: $8,591.38 Date: 4/30/2002
Perf: $8,650.20 Date: 3/31/2002
Perf: $8,323.91 Date: 2/28/2002
Perf: $8,407.14 Date: 1/31/2002
Perf: $8,807.90 Date: 12/31/2001
Perf: $8,577.17 Date: 11/30/2001
Perf: $8,512.48 Date: 10/31/2001
Perf: $8,718.23 Date: 9/30/2001
Perf: $8,257.46 Date: 8/31/2001
Perf: $8,537.49 Date: 7/31/2001
Perf: $8,064.13 Date: 6/30/2001
Perf: $8,180.29 Date: 5/31/2001
Perf: $8,457.70 Date: 4/30/2001
Perf: $8,179.59 Date: 3/31/2001
Perf: $8,219.04 Date: 2/28/2001
Perf: $8,186.30 Date: 1/31/2001
Perf: $8,274.84 Date: 12/31/2000
Perf: $8,142.12 Date: 11/30/2000
Perf: $7,400.58 Date: 10/31/2000
Perf: $6,590.01 Date: 9/30/2000
Perf: $6,535.77 Date: 8/31/2000
Perf: $6,440.45 Date: 7/31/2000
Perf: $6,412.87 Date: 6/30/2000
Perf: $6,591.50 Date: 5/31/2000
Perf: $6,688.48 Date: 4/30/2000
Perf: $6,565.06 Date: 3/31/2000
Perf: $6,584.15 Date: 2/29/2000
Perf: $6,714.41 Date: 1/31/2000
Perf: $6,755.62 Date: 12/31/1999
Perf: $6,903.36 Date: 11/30/1999
Perf: $6,954.12 Date: 10/31/1999
Perf: $6,951.34 Date: 9/30/1999
Perf: $7,156.00 Date: 8/31/1999
Perf: $6,926.73 Date: 7/31/1999
Perf: $7,339.19 Date: 6/30/1999
Perf: $6,977.74 Date: 5/31/1999
Perf: $6,879.37 Date: 4/30/1999
Perf: $7,050.70 Date: 3/31/1999
Perf: $7,238.17 Date: 2/28/1999
Perf: $7,714.95 Date: 1/31/1999
Perf: $7,339.19 Date: 12/31/1998
Perf: $7,231.44 Date: 11/30/1998
Perf: $7,184.74 Date: 10/31/1998
Perf: $7,195.53 Date: 9/30/1998
Perf: $7,167.58 Date: 8/31/1998
Perf: $7,154.70 Date: 7/31/1998
Perf: $5,710.97 Date: 6/30/1998
Perf: $5,803.24 Date: 5/31/1998
Perf: $5,713.53 Date: 4/30/1998
Perf: $5,607.55 Date: 3/31/1998
Perf: $5,913.27 Date: 2/28/1998
Perf: $6,108.75 Date: 1/31/1998
Perf: $5,960.92 Date: 12/31/1997
Perf: $5,689.53 Date: 11/30/1997
Perf: $5,826.45 Date: 10/31/1997
Perf: $6,040.27 Date: 9/30/1997
Perf: $6,065.14 Date: 8/31/1997
Perf: $5,694.43 Date: 7/31/1997
Perf: $5,938.51 Date: 6/30/1997
Perf: $5,439.19 Date: 5/31/1997
Perf: $5,161.01 Date: 4/30/1997
Perf: $5,065.28 Date: 3/31/1997
Perf: $5,003.24 Date: 2/28/1997
Perf: $4,693.47 Date: 1/31/1997
Perf: $4,390.11 Date: 12/31/1996
Perf: $3,896.78 Date: 11/30/1996
Perf: $4,124.01 Date: 10/31/1996
Perf: $3,700.99 Date: 9/30/1996
Perf: $3,183.92 Date: 8/31/1996
Perf: $2,708.57 Date: 7/31/1996
Perf: $2,741.46 Date: 6/30/1996
Perf: $2,864.05 Date: 5/31/1996
Perf: $2,962.40 Date: 4/30/1996
Perf: $3,265.43 Date: 3/31/1996
Perf: $2,779.56 Date: 2/29/1996
Perf: $2,709.12 Date: 1/31/1996
Perf: $2,863.77 Date: 12/31/1995
Perf: $2,634.08 Date: 11/30/1995
Perf: $2,330.83 Date: 10/31/1995
Perf: $2,133.68 Date: 9/30/1995
Perf: $2,259.78 Date: 8/31/1995
Perf: $2,324.87 Date: 7/31/1995
Perf: $2,403.47 Date: 6/30/1995
Perf: $2,679.75 Date: 5/31/1995
Perf: $2,715.60 Date: 4/30/1995
Perf: $2,260.55 Date: 3/31/1995
Perf: $2,190.24 Date: 2/28/1995
Perf: $1,919.08 Date: 1/31/1995
Perf: $1,763.05 Date: 12/31/1994
Perf: $1,787.90 Date: 11/30/1994
Perf: $1,996.54 Date: 10/31/1994
Perf: $1,836.06 Date: 9/30/1994
Perf: $2,051.47 Date: 8/31/1994
Perf: $1,809.69 Date: 7/31/1994
Perf: $1,979.75 Date: 6/30/1994
Perf: $1,981.74 Date: 5/31/1994
Perf: $1,949.38 Date: 4/30/1994
Perf: $1,855.66 Date: 3/31/1994
Perf: $1,816.25 Date: 2/28/1994
Perf: $1,642.48 Date: 1/31/1994
Perf: $1,654.06 Date: 12/31/1993
Perf: $2,024.55 Date: 11/30/1993
Perf: $1,849.75 Date: 10/31/1993
Perf: $1,763.34 Date: 9/30/1993
Perf: $1,733.19 Date: 8/31/1993
Perf: $1,857.05 Date: 7/31/1993
Perf: $1,771.15 Date: 6/30/1993
Perf: $1,618.82 Date: 5/31/1993
Perf: $1,443.70 Date: 4/30/1993
Perf: $1,390.71 Date: 3/31/1993
Perf: $1,271.10 Date: 2/28/1993
Perf: $1,385.85 Date: 1/31/1993
Perf: $1,264.12 Date: 12/31/1992
Perf: $1,281.81 Date: 11/30/1992
Perf: $1,343.61 Date: 10/31/1992
Perf: $1,247.55 Date: 9/30/1992
Perf: $1,304.29 Date: 8/31/1992
Perf: $1,319.86 Date: 7/31/1992
Perf: $1,227.66 Date: 6/30/1992
Perf: $1,101.74 Date: 5/31/1992
Perf: $1,007.53 Date: 4/30/1992
Perf: $1,043.53 Date: 3/31/1992
Perf: $1,020.87 Date: 2/29/1992
Perf: $1,082.58 Date: 1/31/1992
Perf: $1,171.11 Date: 12/31/1991
Perf: $1,382.17 Date: 11/30/1991
Perf: $1,080.50 Date: 10/31/1991
Perf: $1,058.38 Date: 9/30/1991
Perf: $1,055.74 Date: 8/31/1991
Perf: $990.00 Date: 7/31/1991
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 07/91 - 05/17
Date: 5/31/2017
Return: 0.19 % Date: 4/30/2017
Return: 1.87 % Date: 3/31/2017
Return: -1.93 % Date: 2/28/2017
Return: -1.17 % Date: 1/31/2017
Return: -3.45 % Date: 12/31/2016
Return: 3.68 % Date: 11/30/2016
Return: 1.27 % Date: 10/31/2016
Return: -2.71 % Date: 9/30/2016
Return: -2.04 % Date: 8/31/2016
Return: -8.80 % Date: 7/31/2016
Return: -0.03 % Date: 6/30/2016
Return: 8.53 % Date: 5/31/2016
Return: -2.06 % Date: 4/30/2016
Return: 0.31 % Date: 3/31/2016
Return: -2.13 % Date: 2/29/2016
Return: 3.30 % Date: 1/31/2016
Return: 7.76 % Date: 12/31/2015
Return: -7.41 % Date: 11/30/2015
Return: 1.62 % Date: 10/31/2015
Return: -0.68 % Date: 9/30/2015
Return: 3.06 % Date: 8/31/2015
Return: -4.69 % Date: 7/31/2015
Return: 0.22 % Date: 6/30/2015
Return: -4.82 % Date: 5/31/2015
Return: 2.13 % Date: 4/30/2015
Return: -1.66 % Date: 3/31/2015
Return: -0.66 % Date: 2/28/2015
Return: -0.46 % Date: 1/31/2015
Return: 4.72 % Date: 12/31/2014
Return: 1.69 % Date: 11/30/2014
Return: 3.63 % Date: 10/31/2014
Return: 5.44 % Date: 9/30/2014
Return: 1.16 % Date: 8/31/2014
Return: 5.40 % Date: 7/31/2014
Return: -4.36 % Date: 6/30/2014
Return: 0.70 % Date: 5/31/2014
Return: 1.72 % Date: 4/30/2014
Return: 0.72 % Date: 3/31/2014
Return: -5.02 % Date: 2/28/2014
Return: 7.11 % Date: 1/31/2014
Return: -2.38 % Date: 12/31/2013
Return: 2.34 % Date: 11/30/2013
Return: 3.89 % Date: 10/31/2013
Return: -0.10 % Date: 9/30/2013
Return: 1.47 % Date: 8/31/2013
Return: 0.57 % Date: 7/31/2013
Return: -0.73 % Date: 6/30/2013
Return: -4.53 % Date: 5/31/2013
Return: -5.03 % Date: 4/30/2013
Return: 0.45 % Date: 3/31/2013
Return: 0.85 % Date: 2/28/2013
Return: -1.27 % Date: 1/31/2013
Return: 3.26 % Date: 12/31/2012
Return: -0.07 % Date: 11/30/2012
Return: 0.28 % Date: 10/31/2012
Return: -7.91 % Date: 9/30/2012
Return: -0.95 % Date: 8/31/2012
Return: 1.72 % Date: 7/31/2012
Return: 8.29 % Date: 6/30/2012
Return: -6.71 % Date: 5/31/2012
Return: 8.23 % Date: 4/30/2012
Return: 1.61 % Date: 3/31/2012
Return: -2.47 % Date: 2/29/2012
Return: 1.68 % Date: 1/31/2012
Return: 1.36 % Date: 12/31/2011
Return: 0.03 % Date: 11/30/2011
Return: -2.53 % Date: 10/31/2011
Return: -3.92 % Date: 9/30/2011
Return: -8.07 % Date: 8/31/2011
Return: -0.32 % Date: 7/31/2011
Return: 0.85 % Date: 6/30/2011
Return: -5.00 % Date: 5/31/2011
Return: -4.26 % Date: 4/30/2011
Return: 9.04 % Date: 3/31/2011
Return: -1.48 % Date: 2/28/2011
Return: 3.07 % Date: 1/31/2011
Return: -3.24 % Date: 12/31/2010
Return: 8.45 % Date: 11/30/2010
Return: -2.35 % Date: 10/31/2010
Return: 3.62 % Date: 9/30/2010
Return: 5.09 % Date: 8/31/2010
Return: 3.63 % Date: 7/31/2010
Return: -1.87 % Date: 6/30/2010
Return: 5.53 % Date: 5/31/2010
Return: 2.73 % Date: 4/30/2010
Return: 2.55 % Date: 3/31/2010
Return: 0.52 % Date: 2/28/2010
Return: -1.12 % Date: 1/31/2010
Return: -6.92 % Date: 12/31/2009
Return: -5.64 % Date: 11/30/2009
Return: 6.74 % Date: 10/31/2009
Return: -4.85 % Date: 9/30/2009
Return: 2.35 % Date: 8/31/2009
Return: 0.48 % Date: 7/31/2009
Return: 1.26 % Date: 6/30/2009
Return: -5.06 % Date: 5/31/2009
Return: 3.41 % Date: 4/30/2009
Return: -1.79 % Date: 3/31/2009
Return: 0.86 % Date: 2/28/2009
Return: -0.23 % Date: 1/31/2009
Return: -1.38 % Date: 12/31/2008
Return: 0.26 % Date: 11/30/2008
Return: 1.20 % Date: 10/31/2008
Return: 0.17 % Date: 9/30/2008
Return: 2.69 % Date: 8/31/2008
Return: -2.71 % Date: 7/31/2008
Return: -5.47 % Date: 6/30/2008
Return: 3.10 % Date: 5/31/2008
Return: 1.70 % Date: 4/30/2008
Return: 0.14 % Date: 3/31/2008
Return: 0.21 % Date: 2/29/2008
Return: 10.01 % Date: 1/31/2008
Return: 1.85 % Date: 12/31/2007
Return: 3.76 % Date: 11/30/2007
Return: 3.06 % Date: 10/31/2007
Return: 5.39 % Date: 9/30/2007
Return: 11.81 % Date: 8/31/2007
Return: -1.76 % Date: 7/31/2007
Return: 1.23 % Date: 6/30/2007
Return: 5.21 % Date: 5/31/2007
Return: 1.70 % Date: 4/30/2007
Return: 3.19 % Date: 3/31/2007
Return: -4.07 % Date: 2/28/2007
Return: 0.67 % Date: 1/31/2007
Return: 0.37 % Date: 12/31/2006
Return: -2.33 % Date: 11/30/2006
Return: 5.95 % Date: 10/31/2006
Return: 0.67 % Date: 9/30/2006
Return: -1.79 % Date: 8/31/2006
Return: 1.86 % Date: 7/31/2006
Return: -3.54 % Date: 6/30/2006
Return: 1.83 % Date: 5/31/2006
Return: 1.34 % Date: 4/30/2006
Return: 4.92 % Date: 3/31/2006
Return: -4.36 % Date: 2/28/2006
Return: -2.13 % Date: 1/31/2006
Return: 0.67 % Date: 12/31/2005
Return: 0.34 % Date: 11/30/2005
Return: 0.64 % Date: 10/31/2005
Return: 0.31 % Date: 9/30/2005
Return: -1.86 % Date: 8/31/2005
Return: 3.72 % Date: 7/31/2005
Return: -0.20 % Date: 6/30/2005
Return: 3.25 % Date: 5/31/2005
Return: 6.16 % Date: 4/30/2005
Return: -1.79 % Date: 3/31/2005
Return: 1.33 % Date: 2/28/2005
Return: 0.23 % Date: 1/31/2005
Return: -3.38 % Date: 12/31/2004
Return: -1.12 % Date: 11/30/2004
Return: 4.39 % Date: 10/31/2004
Return: 5.97 % Date: 9/30/2004
Return: 0.86 % Date: 8/31/2004
Return: 4.40 % Date: 7/31/2004
Return: -2.69 % Date: 6/30/2004
Return: -3.65 % Date: 5/31/2004
Return: 0.04 % Date: 4/30/2004
Return: -4.37 % Date: 3/31/2004
Return: -0.75 % Date: 2/29/2004
Return: 4.28 % Date: 1/31/2004
Return: -2.22 % Date: 12/31/2003
Return: 2.69 % Date: 11/30/2003
Return: 0.86 % Date: 10/31/2003
Return: -0.70 % Date: 9/30/2003
Return: 0.15 % Date: 8/31/2003
Return: 0.44 % Date: 7/31/2003
Return: -1.55 % Date: 6/30/2003
Return: -0.80 % Date: 5/31/2003
Return: 4.78 % Date: 4/30/2003
Return: 0.31 % Date: 3/31/2003
Return: -0.58 % Date: 2/28/2003
Return: 7.26 % Date: 1/31/2003
Return: 1.56 % Date: 12/31/2002
Return: 10.79 % Date: 11/30/2002
Return: -1.40 % Date: 10/31/2002
Return: -1.90 % Date: 9/30/2002
Return: -1.01 % Date: 8/31/2002
Return: -0.34 % Date: 7/31/2002
Return: 2.24 % Date: 6/30/2002
Return: 2.59 % Date: 5/31/2002
Return: -0.68 % Date: 4/30/2002
Return: 3.92 % Date: 3/31/2002
Return: -0.99 % Date: 2/28/2002
Return: -4.55 % Date: 1/31/2002
Return: 2.69 % Date: 12/31/2001
Return: 0.76 % Date: 11/30/2001
Return: -2.36 % Date: 10/31/2001
Return: 5.58 % Date: 9/30/2001
Return: -3.28 % Date: 8/31/2001
Return: 5.87 % Date: 7/31/2001
Return: -1.42 % Date: 6/30/2001
Return: -3.28 % Date: 5/31/2001
Return: 3.40 % Date: 4/30/2001
Return: -0.48 % Date: 3/31/2001
Return: 0.40 % Date: 2/28/2001
Return: -1.07 % Date: 1/31/2001
Return: 1.63 % Date: 12/31/2000
Return: 10.02 % Date: 11/30/2000
Return: 12.30 % Date: 10/31/2000
Return: 0.83 % Date: 9/30/2000
Return: 1.48 % Date: 8/31/2000
Return: 0.43 % Date: 7/31/2000
Return: -2.71 % Date: 6/30/2000
Return: -1.45 % Date: 5/31/2000
Return: 1.88 % Date: 4/30/2000
Return: -0.29 % Date: 3/31/2000
Return: -1.94 % Date: 2/29/2000
Return: -0.61 % Date: 1/31/2000
Return: -2.14 % Date: 12/31/1999
Return: -0.73 % Date: 11/30/1999
Return: 0.04 % Date: 10/31/1999
Return: -2.86 % Date: 9/30/1999
Return: 3.31 % Date: 8/31/1999
Return: -5.62 % Date: 7/31/1999
Return: 5.18 % Date: 6/30/1999
Return: 1.43 % Date: 5/31/1999
Return: -2.43 % Date: 4/30/1999
Return: -2.59 % Date: 3/31/1999
Return: -6.18 % Date: 2/28/1999
Return: 5.12 % Date: 1/31/1999
Return: 1.49 % Date: 12/31/1998
Return: 0.65 % Date: 11/30/1998
Return: -0.15 % Date: 10/31/1998
Return: 0.39 % Date: 9/30/1998
Return: 0.18 % Date: 8/31/1998
Return: 25.28 % Date: 7/31/1998
Return: -1.59 % Date: 6/30/1998
Return: 1.57 % Date: 5/31/1998
Return: 1.89 % Date: 4/30/1998
Return: -5.17 % Date: 3/31/1998
Return: -3.20 % Date: 2/28/1998
Return: 2.48 % Date: 1/31/1998
Return: 4.77 % Date: 12/31/1997
Return: -2.35 % Date: 11/30/1997
Return: -3.54 % Date: 10/31/1997
Return: -0.41 % Date: 9/30/1997
Return: 6.51 % Date: 8/31/1997
Return: -4.11 % Date: 7/31/1997
Return: 9.18 % Date: 6/30/1997
Return: 5.39 % Date: 5/31/1997
Return: 1.89 % Date: 4/30/1997
Return: 1.24 % Date: 3/31/1997
Return: 6.60 % Date: 2/28/1997
Return: 6.91 % Date: 1/31/1997
Return: 12.66 % Date: 12/31/1996
Return: -5.51 % Date: 11/30/1996
Return: 11.43 % Date: 10/31/1996
Return: 16.24 % Date: 9/30/1996
Return: 17.55 % Date: 8/31/1996
Return: -1.20 % Date: 7/31/1996
Return: -4.28 % Date: 6/30/1996
Return: -3.32 % Date: 5/31/1996
Return: -9.28 % Date: 4/30/1996
Return: 17.48 % Date: 3/31/1996
Return: 2.60 % Date: 2/29/1996
Return: -5.40 % Date: 1/31/1996
Return: 8.72 % Date: 12/31/1995
Return: 13.01 % Date: 11/30/1995
Return: 9.24 % Date: 10/31/1995
Return: -5.58 % Date: 9/30/1995
Return: -2.80 % Date: 8/31/1995
Return: -3.27 % Date: 7/31/1995
Return: -10.31 % Date: 6/30/1995
Return: -1.32 % Date: 5/31/1995
Return: 20.13 % Date: 4/30/1995
Return: 3.21 % Date: 3/31/1995
Return: 14.13 % Date: 2/28/1995
Return: 8.85 % Date: 1/31/1995
Return: -1.39 % Date: 12/31/1994
Return: -10.45 % Date: 11/30/1994
Return: 8.74 % Date: 10/31/1994
Return: -10.50 % Date: 9/30/1994
Return: 13.36 % Date: 8/31/1994
Return: -8.59 % Date: 7/31/1994
Return: -0.10 % Date: 6/30/1994
Return: 1.66 % Date: 5/31/1994
Return: 5.05 % Date: 4/30/1994
Return: 2.17 % Date: 3/31/1994
Return: 10.58 % Date: 2/28/1994
Return: -0.70 % Date: 1/31/1994
Return: -18.30 % Date: 12/31/1993
Return: 9.45 % Date: 11/30/1993
Return: 4.90 % Date: 10/31/1993
Return: 1.74 % Date: 9/30/1993
Return: -6.67 % Date: 8/31/1993
Return: 4.85 % Date: 7/31/1993
Return: 9.41 % Date: 6/30/1993
Return: 12.13 % Date: 5/31/1993
Return: 3.81 % Date: 4/30/1993
Return: 9.41 % Date: 3/31/1993
Return: -8.28 % Date: 2/28/1993
Return: 9.63 % Date: 1/31/1993
Return: -1.38 % Date: 12/31/1992
Return: -4.60 % Date: 11/30/1992
Return: 7.70 % Date: 10/31/1992
Return: -4.35 % Date: 9/30/1992
Return: -1.18 % Date: 8/31/1992
Return: 7.51 % Date: 7/31/1992
Return: 11.43 % Date: 6/30/1992
Return: 9.35 % Date: 5/31/1992
Return: -3.45 % Date: 4/30/1992
Return: 2.22 % Date: 3/31/1992
Return: -5.70 % Date: 2/29/1992
Return: -7.56 % Date: 1/31/1992
Return: -15.27 % Date: 12/31/1991
Return: 27.92 % Date: 11/30/1991
Return: 2.09 % Date: 10/31/1991
Return: 0.25 % Date: 9/30/1991
Return: 6.64 % Date: 8/31/1991
Return: -1.00 % Date: 7/31/1991
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 07/91 - 05/17
Return: 6.00 %
Count: 6 Return: 25.00 %
Count: 1 Return: -2.00 %
Count: 25 Return: 1.00 %
Count: 29 Return: 16.00 %
Count: 1 Return: 18.00 %
Count: 1 Return: 17.00 %
Count: 1 Return: 20.00 %
Count: 1 Return: 3.00 %
Count: 19 Return: 14.00 %
Count: 1 Return: -10.00 %
Count: 2 Return: -11.00 %
Count: 1 Return: 13.00 %
Count: 3 Return: -9.00 %
Count: 3 Return: -18.00 %
Count: 1 Return: -7.00 %
Count: 4 Return: 5.00 %
Count: 15 Return: 12.00 %
Count: 3 Return: 4.00 %
Count: 12 Return: 10.00 %
Count: 3 Return: -5.00 %
Count: 13 Return: -4.00 %
Count: 12 Return: 8.00 %
Count: 6 Return: 11.00 %
Count: 4 Return: 9.00 %
Count: 11 Return: -3.00 %
Count: 17 Return: -6.00 %
Count: 6 Return: -8.00 %
Count: 4 Return: -15.00 %
Count: 1 Return: 28.00 %
Count: 1 Return: 2.00 %
Count: 28 Return: 7.00 %
Count: 7 Return: -1.00 %
Count: 30 Return: 0.00 %
Count: 39
Note: All performance data is since program inception.

Underwater Curve
Date Range: 07/91 - 05/17
Date: 5/31/2017
Drawdown: -12.86 % Date: 4/30/2017
Drawdown: -13.03 % Date: 3/31/2017
Drawdown: -14.62 % Date: 2/28/2017
Drawdown: -12.94 % Date: 1/31/2017
Drawdown: -11.91 % Date: 12/31/2016
Drawdown: -8.77 % Date: 11/30/2016
Drawdown: -12.00 % Date: 10/31/2016
Drawdown: -13.11 % Date: 9/30/2016
Drawdown: -10.69 % Date: 8/31/2016
Drawdown: -8.83 % Date: 7/31/2016
Drawdown: -0.03 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: -6.93 % Date: 4/30/2016
Drawdown: -4.97 % Date: 3/31/2016
Drawdown: -5.26 % Date: 2/29/2016
Drawdown: -3.20 % Date: 1/31/2016
Drawdown: -6.29 % Date: 12/31/2015
Drawdown: -13.04 % Date: 11/30/2015
Drawdown: -6.08 % Date: 10/31/2015
Drawdown: -7.58 % Date: 9/30/2015
Drawdown: -6.95 % Date: 8/31/2015
Drawdown: -9.71 % Date: 7/31/2015
Drawdown: -5.27 % Date: 6/30/2015
Drawdown: -5.47 % Date: 5/31/2015
Drawdown: -0.69 % Date: 4/30/2015
Drawdown: -2.76 % Date: 3/31/2015
Drawdown: -1.12 % Date: 2/28/2015
Drawdown: -0.46 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -4.37 % Date: 11/30/2014
Drawdown: -5.96 % Date: 10/31/2014
Drawdown: -9.25 % Date: 9/30/2014
Drawdown: -13.93 % Date: 8/31/2014
Drawdown: -14.92 % Date: 7/31/2014
Drawdown: -19.28 % Date: 6/30/2014
Drawdown: -15.60 % Date: 5/31/2014
Drawdown: -16.19 % Date: 4/30/2014
Drawdown: -17.60 % Date: 3/31/2014
Drawdown: -18.19 % Date: 2/28/2014
Drawdown: -13.87 % Date: 1/31/2014
Drawdown: -19.59 % Date: 12/31/2013
Drawdown: -17.63 % Date: 11/30/2013
Drawdown: -19.51 % Date: 10/31/2013
Drawdown: -22.52 % Date: 9/30/2013
Drawdown: -22.45 % Date: 8/31/2013
Drawdown: -23.57 % Date: 7/31/2013
Drawdown: -24.00 % Date: 6/30/2013
Drawdown: -23.44 % Date: 5/31/2013
Drawdown: -19.81 % Date: 4/30/2013
Drawdown: -15.56 % Date: 3/31/2013
Drawdown: -15.94 % Date: 2/28/2013
Drawdown: -16.65 % Date: 1/31/2013
Drawdown: -15.58 % Date: 12/31/2012
Drawdown: -18.24 % Date: 11/30/2012
Drawdown: -18.19 % Date: 10/31/2012
Drawdown: -18.41 % Date: 9/30/2012
Drawdown: -11.41 % Date: 8/31/2012
Drawdown: -10.56 % Date: 7/31/2012
Drawdown: -12.07 % Date: 6/30/2012
Drawdown: -18.80 % Date: 5/31/2012
Drawdown: -12.96 % Date: 4/30/2012
Drawdown: -19.58 % Date: 3/31/2012
Drawdown: -20.85 % Date: 2/29/2012
Drawdown: -18.85 % Date: 1/31/2012
Drawdown: -20.19 % Date: 12/31/2011
Drawdown: -21.26 % Date: 11/30/2011
Drawdown: -21.28 % Date: 10/31/2011
Drawdown: -19.24 % Date: 9/30/2011
Drawdown: -15.95 % Date: 8/31/2011
Drawdown: -8.57 % Date: 7/31/2011
Drawdown: -8.27 % Date: 6/30/2011
Drawdown: -9.05 % Date: 5/31/2011
Drawdown: -4.26 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -1.75 % Date: 2/28/2011
Drawdown: -0.27 % Date: 1/31/2011
Drawdown: -3.24 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -2.35 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: -4.12 % Date: 7/31/2010
Drawdown: -7.48 % Date: 6/30/2010
Drawdown: -5.72 % Date: 5/31/2010
Drawdown: -10.66 % Date: 4/30/2010
Drawdown: -13.03 % Date: 3/31/2010
Drawdown: -15.20 % Date: 2/28/2010
Drawdown: -15.64 % Date: 1/31/2010
Drawdown: -14.68 % Date: 12/31/2009
Drawdown: -8.34 % Date: 11/30/2009
Drawdown: -2.86 % Date: 10/31/2009
Drawdown: -8.99 % Date: 9/30/2009
Drawdown: -4.35 % Date: 8/31/2009
Drawdown: -6.55 % Date: 7/31/2009
Drawdown: -7.00 % Date: 6/30/2009
Drawdown: -8.15 % Date: 5/31/2009
Drawdown: -3.26 % Date: 4/30/2009
Drawdown: -6.45 % Date: 3/31/2009
Drawdown: -4.74 % Date: 2/28/2009
Drawdown: -5.56 % Date: 1/31/2009
Drawdown: -5.34 % Date: 12/31/2008
Drawdown: -4.01 % Date: 11/30/2008
Drawdown: -4.26 % Date: 10/31/2008
Drawdown: -5.40 % Date: 9/30/2008
Drawdown: -5.56 % Date: 8/31/2008
Drawdown: -8.03 % Date: 7/31/2008
Drawdown: -5.47 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: 0.00 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: -1.76 % Date: 7/31/2007
Drawdown: 0.00 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: -0.65 % Date: 4/30/2007
Drawdown: -2.31 % Date: 3/31/2007
Drawdown: -5.33 % Date: 2/28/2007
Drawdown: -1.31 % Date: 1/31/2007
Drawdown: -1.97 % Date: 12/31/2006
Drawdown: -2.33 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: -2.86 % Date: 9/30/2006
Drawdown: -3.50 % Date: 8/31/2006
Drawdown: -1.75 % Date: 7/31/2006
Drawdown: -3.54 % Date: 6/30/2006
Drawdown: 0.00 % Date: 5/31/2006
Drawdown: -0.48 % Date: 4/30/2006
Drawdown: -1.79 % Date: 3/31/2006
Drawdown: -6.40 % Date: 2/28/2006
Drawdown: -2.13 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: -0.59 % Date: 11/30/2005
Drawdown: -0.93 % Date: 10/31/2005
Drawdown: -1.56 % Date: 9/30/2005
Drawdown: -1.86 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: -0.20 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: 0.00 % Date: 4/30/2005
Drawdown: -4.71 % Date: 3/31/2005
Drawdown: -2.97 % Date: 2/28/2005
Drawdown: -4.24 % Date: 1/31/2005
Drawdown: -4.46 % Date: 12/31/2004
Drawdown: -1.12 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: -0.66 % Date: 9/30/2004
Drawdown: -6.26 % Date: 8/31/2004
Drawdown: -7.06 % Date: 7/31/2004
Drawdown: -10.98 % Date: 6/30/2004
Drawdown: -8.51 % Date: 5/31/2004
Drawdown: -5.05 % Date: 4/30/2004
Drawdown: -5.09 % Date: 3/31/2004
Drawdown: -0.75 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: -2.22 % Date: 12/31/2003
Drawdown: 0.00 % Date: 11/30/2003
Drawdown: -1.61 % Date: 10/31/2003
Drawdown: -2.45 % Date: 9/30/2003
Drawdown: -1.76 % Date: 8/31/2003
Drawdown: -1.91 % Date: 7/31/2003
Drawdown: -2.34 % Date: 6/30/2003
Drawdown: -0.80 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: -0.27 % Date: 3/31/2003
Drawdown: -0.58 % Date: 2/28/2003
Drawdown: 0.00 % Date: 1/31/2003
Drawdown: 0.00 % Date: 12/31/2002
Drawdown: 0.00 % Date: 11/30/2002
Drawdown: -4.58 % Date: 10/31/2002
Drawdown: -3.22 % Date: 9/30/2002
Drawdown: -1.35 % Date: 8/31/2002
Drawdown: -0.34 % Date: 7/31/2002
Drawdown: 0.00 % Date: 6/30/2002
Drawdown: 0.00 % Date: 5/31/2002
Drawdown: -2.46 % Date: 4/30/2002
Drawdown: -1.79 % Date: 3/31/2002
Drawdown: -5.49 % Date: 2/28/2002
Drawdown: -4.55 % Date: 1/31/2002
Drawdown: 0.00 % Date: 12/31/2001
Drawdown: -1.62 % Date: 11/30/2001
Drawdown: -2.36 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: -3.28 % Date: 8/31/2001
Drawdown: 0.00 % Date: 7/31/2001
Drawdown: -4.65 % Date: 6/30/2001
Drawdown: -3.28 % Date: 5/31/2001
Drawdown: 0.00 % Date: 4/30/2001
Drawdown: -1.15 % Date: 3/31/2001
Drawdown: -0.67 % Date: 2/28/2001
Drawdown: -1.07 % Date: 1/31/2001
Drawdown: 0.00 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: -4.07 % Date: 10/31/2000
Drawdown: -14.58 % Date: 9/30/2000
Drawdown: -15.28 % Date: 8/31/2000
Drawdown: -16.52 % Date: 7/31/2000
Drawdown: -16.88 % Date: 6/30/2000
Drawdown: -14.56 % Date: 5/31/2000
Drawdown: -13.30 % Date: 4/30/2000
Drawdown: -14.90 % Date: 3/31/2000
Drawdown: -14.66 % Date: 2/29/2000
Drawdown: -12.97 % Date: 1/31/2000
Drawdown: -12.43 % Date: 12/31/1999
Drawdown: -10.52 % Date: 11/30/1999
Drawdown: -9.86 % Date: 10/31/1999
Drawdown: -9.90 % Date: 9/30/1999
Drawdown: -7.25 % Date: 8/31/1999
Drawdown: -10.22 % Date: 7/31/1999
Drawdown: -4.87 % Date: 6/30/1999
Drawdown: -9.56 % Date: 5/31/1999
Drawdown: -10.83 % Date: 4/30/1999
Drawdown: -8.61 % Date: 3/31/1999
Drawdown: -6.18 % Date: 2/28/1999
Drawdown: 0.00 % Date: 1/31/1999
Drawdown: 0.00 % Date: 12/31/1998
Drawdown: 0.00 % Date: 11/30/1998
Drawdown: -0.15 % Date: 10/31/1998
Drawdown: 0.00 % Date: 9/30/1998
Drawdown: 0.00 % Date: 8/31/1998
Drawdown: 0.00 % Date: 7/31/1998
Drawdown: -6.51 % Date: 6/30/1998
Drawdown: -5.00 % Date: 5/31/1998
Drawdown: -6.47 % Date: 4/30/1998
Drawdown: -8.20 % Date: 3/31/1998
Drawdown: -3.20 % Date: 2/28/1998
Drawdown: 0.00 % Date: 1/31/1998
Drawdown: -1.72 % Date: 12/31/1997
Drawdown: -6.19 % Date: 11/30/1997
Drawdown: -3.94 % Date: 10/31/1997
Drawdown: -0.41 % Date: 9/30/1997
Drawdown: 0.00 % Date: 8/31/1997
Drawdown: -4.11 % Date: 7/31/1997
Drawdown: 0.00 % Date: 6/30/1997
Drawdown: 0.00 % Date: 5/31/1997
Drawdown: 0.00 % Date: 4/30/1997
Drawdown: 0.00 % Date: 3/31/1997
Drawdown: 0.00 % Date: 2/28/1997
Drawdown: 0.00 % Date: 1/31/1997
Drawdown: 0.00 % Date: 12/31/1996
Drawdown: -5.51 % Date: 11/30/1996
Drawdown: 0.00 % Date: 10/31/1996
Drawdown: 0.00 % Date: 9/30/1996
Drawdown: -2.50 % Date: 8/31/1996
Drawdown: -17.05 % Date: 7/31/1996
Drawdown: -16.05 % Date: 6/30/1996
Drawdown: -12.29 % Date: 5/31/1996
Drawdown: -9.28 % Date: 4/30/1996
Drawdown: 0.00 % Date: 3/31/1996
Drawdown: -2.94 % Date: 2/29/1996
Drawdown: -5.40 % Date: 1/31/1996
Drawdown: 0.00 % Date: 12/31/1995
Drawdown: -3.00 % Date: 11/30/1995
Drawdown: -14.17 % Date: 10/31/1995
Drawdown: -21.43 % Date: 9/30/1995
Drawdown: -16.79 % Date: 8/31/1995
Drawdown: -14.39 % Date: 7/31/1995
Drawdown: -11.49 % Date: 6/30/1995
Drawdown: -1.32 % Date: 5/31/1995
Drawdown: 0.00 % Date: 4/30/1995
Drawdown: 0.00 % Date: 3/31/1995
Drawdown: 0.00 % Date: 2/28/1995
Drawdown: -6.45 % Date: 1/31/1995
Drawdown: -14.06 % Date: 12/31/1994
Drawdown: -12.85 % Date: 11/30/1994
Drawdown: -2.68 % Date: 10/31/1994
Drawdown: -10.50 % Date: 9/30/1994
Drawdown: 0.00 % Date: 8/31/1994
Drawdown: -10.61 % Date: 7/31/1994
Drawdown: -2.21 % Date: 6/30/1994
Drawdown: -2.11 % Date: 5/31/1994
Drawdown: -3.71 % Date: 4/30/1994
Drawdown: -8.34 % Date: 3/31/1994
Drawdown: -10.29 % Date: 2/28/1994
Drawdown: -18.87 % Date: 1/31/1994
Drawdown: -18.30 % Date: 12/31/1993
Drawdown: 0.00 % Date: 11/30/1993
Drawdown: -0.39 % Date: 10/31/1993
Drawdown: -5.05 % Date: 9/30/1993
Drawdown: -6.67 % Date: 8/31/1993
Drawdown: 0.00 % Date: 7/31/1993
Drawdown: 0.00 % Date: 6/30/1993
Drawdown: 0.00 % Date: 5/31/1993
Drawdown: 0.00 % Date: 4/30/1993
Drawdown: 0.00 % Date: 3/31/1993
Drawdown: -8.28 % Date: 2/28/1993
Drawdown: 0.00 % Date: 1/31/1993
Drawdown: -8.54 % Date: 12/31/1992
Drawdown: -7.26 % Date: 11/30/1992
Drawdown: -2.79 % Date: 10/31/1992
Drawdown: -9.74 % Date: 9/30/1992
Drawdown: -5.63 % Date: 8/31/1992
Drawdown: -4.51 % Date: 7/31/1992
Drawdown: -11.18 % Date: 6/30/1992
Drawdown: -20.29 % Date: 5/31/1992
Drawdown: -27.11 % Date: 4/30/1992
Drawdown: -24.50 % Date: 3/31/1992
Drawdown: -26.14 % Date: 2/29/1992
Drawdown: -21.68 % Date: 1/31/1992
Drawdown: -15.27 % Date: 12/31/1991
Drawdown: 0.00 % Date: 11/30/1991
Drawdown: 0.00 % Date: 10/31/1991
Drawdown: 0.00 % Date: 9/30/1991
Drawdown: 0.00 % Date: 8/31/1991
Drawdown: -1.00 %
Note: All performance data is since program inception.
Notes to Performance

The performance information shown is a composite of the accounts traded under this program and does not reflect the performance of any single account. The results shown are net of all fees and expenses. Performance results of individual accounts may vary as a result of differing fees, account size, the timing of the entry of orders and other factors.

Various CFTC acceptable methods are used to calculate monthly rates of return during certain time periods. Please refer to the disclosure document's "Notes to Capsule Performance Tables" for details.

Manager Information
Manager Name:  Eckhardt Trading Company
Address: 1314 North Dearborn Parkway, The Carriage House
City: Chicago
State: IL
Zip: 60610
Country: USA
Key People
Name:  John Fornengo
Position:  Principal
Biography: 

John D. Fornengo, has traded futures for over 24 years. He began trading futures for his proprietary account in April 1986. . In December 1991, he became registered as a CTA and began managing client accounts utilizing the technical indicators of ETC’s systems, which he modified with systematically larger position sizes. (These accounts are the basis for Eckhardt Standard Plus (previously named the Standard Program - Higher Leveraged); see the “Trading Programs” and Capsule Standard Plus.) In January 1993, Mr. Fornengo began working with ETC to assist Mr. Eckhardt in the implementation and execution of ETC’s trading program. In June 1995, Mr. Fornengo became Vice President of ETC and in August 1999, he became President. From January 1989 through June 1995, Mr. Fornengo managed a proprietary account for Mr. Eckhardt, the cash balance of which was invested in Eckhardt Futures Limited Partnership in July 1995. He became an associated person of ETC in February 1993, a principal in June 1995 and a branch manager in July 1997. Mr. Fornengo is registered in his individual capacity as a sole proprietor CTA and from December 1991 to March 1993 he was registered as a CPO; he has no accounts under management. Mr. Fornengo, along with Mr. Eckhardt, is responsible for the overall activities of ETC. Mr. Fornengo is responsible for ETC’s trading operations including the implementation and execution of ETC’s trading programs. Mr. Fornengo and Mr. Eckhardt share in the responsibility of any judgment or discretion utilized for such implementation.


Name:  William Eckhardt
Position:  Principal
Biography: 

William Eckhardt has traded futures professionally for over 36 years. He received a B.A. in Mathematics from DePaul University in 1969 and a M.S. in Mathematics from the University of Chicago in 1970. In June 1974, after four years of doctoral research at the University of Chicago in Mathematical Logic, he began trading for his own account at the Mid America Commodity Exchange. Mr. Eckhardt traded off-floor for his personal account from 1978 through July 1991. In July 1986, he began managing accounts for a small number of friends and business associates and in August 1991 he began managing accounts as a registered CTA. In conjunction with his trading, over the past 30 years Mr. Eckhardt has conducted extensive research into the nature of futures price action and risk management. He has developed numerous technical trading systems. Along with Richard Dennis, a former CTA and CPO, he co-developed certain trading systems and in 1984 and 1985, subsequently co-taught such systems to a group of individuals that have become known as the “Turtles”. Mr. Eckhardt was an associated person of Mr. Dennis from November 1983 to January 1992. Mr. Eckhardt was a full member of the Chicago Board of Trade from March 1983 to May 1988 and the Chicago Mercantile Exchange (“CME”) from August 1979 to October 1986 and held other memberships at various other times. He became registered as a floor broker in November 1982 and currently holds a seat at the CME Index and Option Market. From October 1983 to July 1991, Mr. Eckhardt was a partner of C&D Commodities, which was formerly active as a futures commission merchant and chiefly involved with clearing partner capital, futures research and trading administration. In 1991, C&D Commodities ceased all business operations and C&D Commodities, Inc. (“C&D, Inc.”) was established to continue the futures research and trading administration activities. Mr. Eckhardt was an officer of C&D, Inc. until August 1997. In January 2001, ETC took over the employment of individuals previously employed by C&D Commodities. Mr. Eckhardt was registered as a branch manager of ETC from June 1991 to July 1995. Mr. Eckhardt directs ETC’s system development and ongoing research, and along with John D. Fornengo, ETC’s president, is responsible for the overall activities of ETC.


Name:  Audrey Gale
Position:  Principal
Biography: 

Audrey L. Gale, Director of Client Services, Administration, and Business Development, has over 22 years of experience in the managed futures industry. She received a Bachelor of Business degree from Western Illinois University. Ms. Gale has been registered as an associated person and branch office manager of ETC (and William Eckhardt) since the inception of ETC’s business in June 1991, and in July 2011, she became a principal of ETC. She is also the President and sole director and shareholder of Gale Fund Management, Inc., a registered CPO, which serves as a co-general partner and co-CPO of Eckhardt Futures Limited Partnership. Ms. Gale has been registered as a principal and associated person of Gale Fund Management, Inc. since January 1993. Ms. Gale d/b/a Gale Investment Services, is also a sole proprietor, non-trading CTA, formed in December 1988 to provide client services, marketing and various administrative/business services to certain other commodity trading advisor firms. She holds registrations with two other CTA/CPO firms, Hawksbill Capital Management (“Hawksbill”) and Saxon Investment Corporation (“Saxon”), that are independent of ETC. She has been an associated person and branch office manager of Hawksbill since November 1988, and May 1990 respectively, and has been an associated person and branch office manager of Saxon since March 1994.


Additional Information

The Program Performance information presented in this and other areas of the www.managedfutures.com website was prepared by Altegris Clearing Solutions, LLC, an affiliate within the Altegris Group of Companies, based upon information provided by each respective manager of commodity futures and foreign currency trading programs tracked by Altegris Clearing Solutions and its affiliates. The Program Performance information does not contain opinion or analysis of Altegris Clearing Solutions or any of its affiliates, and the completeness and accuracy of performance information reported to Altegris Clearing Solutions cannot in all cases be independently verified. See “Additional Information” at the end of this page for further details regarding the presentation of performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.