Altegris Clearing Solutions Witter & Lester, Inc. Redstone Program *QEP*
Monthly Performance (%)
Date Range: 08/94 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.36 0.12 0.48
2016 -0.48 -0.45 0.42 -0.01 0.41 0.41 0.02 0.13 -0.24 0.22 0.38 0.26 1.07
2015 -0.17 0.41 0.28 0.31 -0.03 0.30 0.37 -2.58 1.07 0.02 0.53 -1.01 -0.55
2014 0.06 0.36 0.34 -0.03 0.55 0.25 -0.42 0.65 0.16 -0.89 0.49 -0.50 1.01
2013 0.30 -0.07 0.33 0.13 -0.19 -0.07 0.53 0.25 0.17 0.35 0.23 0.08 2.06
2012 0.78 0.64 0.39 0.38 0.99 0.46 0.07 0.31 0.52 -0.14 0.72 0.33 5.58
2011 -0.44 0.60 -0.22 0.38 0.72 0.11 -0.79 0.15 0.67 1.03 0.72 0.64 3.61
2010 0.17 0.53 0.17 -0.20 -5.69 -0.19 1.93 -0.31 1.48 0.72 0.83 1.00 0.23
2009 0.48 1.96 2.06 0.91 -0.63 0.04 -0.15 -0.47 0.71 -0.78 0.10 0.37 4.65
2008 -5.00 1.43 0.08 1.79 -0.47 -0.46 -0.14 0.79 -3.20 -3.69 0.18 4.13 -4.81
2007 -0.20 0.60 0.17 0.55 1.16 1.11 -0.34 -0.24 1.42 0.01 -0.17 0.95 5.11
2006 -0.17 0.43 0.54 0.44 -0.18 0.59 0.34 0.50 0.17 0.23 0.02 -0.26 2.68
2005 -0.73 1.16 0.13 -0.56 0.24 0.17 -0.26 -0.62 0.39 0.35 -0.05 -0.18 0.02
2004 0.98 0.03 0.89 0.40 0.06 0.36 0.41 1.26 -0.63 1.12 0.89 0.15 6.07
2003 -0.33 1.33 1.04 0.40 0.36 0.01 -0.03 0.04 0.19 0.35 0.67 0.16 4.26
2002 0.05 1.51 0.64 -0.37 -0.01 -0.37 -3.58 0.09 1.81 0.30 0.45 1.23 1.66
2001 1.97 -4.62 -3.95 -0.12 0.34 -0.01 0.29 -1.00 -3.01 0.36 1.41 0.92 -7.41
2000 2.63 1.64 0.28 -1.49 1.31 0.13 1.61 1.23 0.85 -0.14 -0.86 1.41 8.87
1999 2.48 1.10 0.56 1.31 0.04 0.54 3.15 3.67 1.04 0.68 -0.40 0.98 16.15
1998 1.48 0.81 0.09 2.43 0.99 0.80 0.67 -3.34 1.45 1.93 2.53 2.00 12.36
1997 -1.26 0.93 2.69 -0.02 -2.29 -0.89 -2.03 0.45 1.97 -2.54 0.60 1.60 -0.95
1996 -0.79 -0.56 1.23 0.93 0.21 3.98 -5.89 2.15 0.91 3.26 2.95 -6.46 1.31
1995 2.29 0.90 0.17 2.55 1.18 1.95 -0.33 2.67 1.85 0.61 3.53 2.02 21.13
1994 2.44 2.43 2.12 1.81 9.09
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The genesis of the Redstone Program stems from a research effort begun in 1993 to automate the interpretation of traditional Witter & Lester analysis. This effort was guided by Lon Witter with assistance from Wayne Whaley. After the initial exercise was completed, Mr. Whaley used computer backtesting to incorporate several additional indicators that had been successfully used in his own personal trading since 1988. Each day, the model produces a market rating between 0 and 100 where a rating over 50 is bullish and a rating below 50, bearish. This daily analysis drives the degree of long or short exposure taken in the program. Positions are built using a combination of stock index futures and options.

Performance Statistics
Date Range: 08/94 - 02/17
  Program SP500 TR Altegris 40
Total Return 140.77% 699.87% 267.10%
Annualized Return 3.98% 9.64% 5.93%
Annualized Std. Deviation 4.84% 14.73% 10.42%
Correlation 0.36 0.00
Sharpe Ratio (rf=2.5%) 0.31 0.49 0.33
Worst Month -6.46% -16.79% -7.77%
Date of Worst Month 12/1996 10/2008 11/2001
Worst Drawdown -11.59% -50.95% -15.74%
Date of Worst Drawdown 1/01 - 9/01 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 08/94 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 0.48 5.95 0.86
2016 1.07 11.98 -3.13
2015 -0.55 1.41 0.09
2014 1.01 13.69 15.75
2013 2.06 32.41 -2.45
2012 5.58 15.98 -4.75
2011 3.61 2.12 -3.23
2010 0.23 15.06 11.33
2009 4.65 26.45 -7.98
2008 -4.81 -36.99 15.47
2007 5.11 5.50 7.18
2006 2.68 15.79 6.70
2005 0.02 4.89 4.51
2004 6.07 10.87 2.57
2003 4.26 28.69 15.99
2002 1.66 -22.10 15.22
2001 -7.41 -11.88 5.39
2000 8.87 -9.09 10.63
1999 16.15 21.04 0.87
1998 12.36 28.58 12.61
1997 -0.95 33.38 10.22
1996 1.31 22.96 16.04
1995 21.13 37.57 13.16
1994 9.09 -2.46 0.90
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 08/94 - 02/17
Date: 2/28/2017
Perf: $3,815.58 Date: 1/31/2017
Perf: $3,734.17 Date: 12/31/2016
Perf: $3,782.97 Date: 11/30/2016
Perf: $3,754.44 Date: 10/31/2016
Perf: $3,796.20 Date: 9/30/2016
Perf: $3,896.73 Date: 8/31/2016
Perf: $3,947.66 Date: 7/31/2016
Perf: $4,056.79 Date: 6/30/2016
Perf: $4,015.83 Date: 5/31/2016
Perf: $3,852.11 Date: 4/30/2016
Perf: $3,920.72 Date: 3/31/2016
Perf: $4,021.67 Date: 2/29/2016
Perf: $4,140.50 Date: 1/31/2016
Perf: $4,041.09 Date: 12/31/2015
Perf: $3,905.19 Date: 11/30/2015
Perf: $3,997.12 Date: 10/31/2015
Perf: $3,865.31 Date: 9/30/2015
Perf: $3,933.76 Date: 8/31/2015
Perf: $3,850.21 Date: 7/31/2015
Perf: $3,917.99 Date: 6/30/2015
Perf: $3,770.56 Date: 5/31/2015
Perf: $3,977.39 Date: 4/30/2015
Perf: $4,006.23 Date: 3/31/2015
Perf: $4,167.08 Date: 2/28/2015
Perf: $4,076.98 Date: 1/31/2015
Perf: $4,083.52 Date: 12/31/2014
Perf: $3,901.70 Date: 11/30/2014
Perf: $3,834.21 Date: 10/31/2014
Perf: $3,618.89 Date: 9/30/2014
Perf: $3,566.46 Date: 8/31/2014
Perf: $3,514.10 Date: 7/31/2014
Perf: $3,371.49 Date: 6/30/2014
Perf: $3,398.68 Date: 5/31/2014
Perf: $3,369.70 Date: 4/30/2014
Perf: $3,285.59 Date: 3/31/2014
Perf: $3,260.81 Date: 2/28/2014
Perf: $3,309.79 Date: 1/31/2014
Perf: $3,282.87 Date: 12/31/2013
Perf: $3,370.85 Date: 11/30/2013
Perf: $3,375.58 Date: 10/31/2013
Perf: $3,315.56 Date: 9/30/2013
Perf: $3,241.34 Date: 8/31/2013
Perf: $3,260.90 Date: 7/31/2013
Perf: $3,324.74 Date: 6/30/2013
Perf: $3,353.92 Date: 5/31/2013
Perf: $3,486.04 Date: 4/30/2013
Perf: $3,642.67 Date: 3/31/2013
Perf: $3,551.06 Date: 2/28/2013
Perf: $3,500.65 Date: 1/31/2013
Perf: $3,521.07 Date: 12/31/2012
Perf: $3,455.42 Date: 11/30/2012
Perf: $3,438.57 Date: 10/31/2012
Perf: $3,428.97 Date: 9/30/2012
Perf: $3,557.76 Date: 8/31/2012
Perf: $3,617.44 Date: 7/31/2012
Perf: $3,667.32 Date: 6/30/2012
Perf: $3,523.22 Date: 5/31/2012
Perf: $3,660.87 Date: 4/30/2012
Perf: $3,592.61 Date: 3/31/2012
Perf: $3,571.18 Date: 2/29/2012
Perf: $3,654.13 Date: 1/31/2012
Perf: $3,639.21 Date: 12/31/2011
Perf: $3,627.60 Date: 11/30/2011
Perf: $3,593.11 Date: 10/31/2011
Perf: $3,582.36 Date: 9/30/2011
Perf: $3,730.07 Date: 8/31/2011
Perf: $3,732.31 Date: 7/31/2011
Perf: $3,739.79 Date: 6/30/2011
Perf: $3,610.19 Date: 5/31/2011
Perf: $3,706.56 Date: 4/30/2011
Perf: $3,846.97 Date: 3/31/2011
Perf: $3,702.57 Date: 2/28/2011
Perf: $3,760.10 Date: 1/31/2011
Perf: $3,697.25 Date: 12/31/2010
Perf: $3,748.60 Date: 11/30/2010
Perf: $3,594.40 Date: 10/31/2010
Perf: $3,726.31 Date: 9/30/2010
Perf: $3,587.13 Date: 8/31/2010
Perf: $3,523.01 Date: 7/31/2010
Perf: $3,382.96 Date: 6/30/2010
Perf: $3,427.17 Date: 5/31/2010
Perf: $3,414.20 Date: 4/30/2010
Perf: $3,498.87 Date: 3/31/2010
Perf: $3,445.80 Date: 2/28/2010
Perf: $3,314.23 Date: 1/31/2010
Perf: $3,283.37 Date: 12/31/2009
Perf: $3,367.21 Date: 11/30/2009
Perf: $3,507.51 Date: 10/31/2009
Perf: $3,371.63 Date: 9/30/2009
Perf: $3,460.21 Date: 8/31/2009
Perf: $3,379.77 Date: 7/31/2009
Perf: $3,368.66 Date: 6/30/2009
Perf: $3,372.37 Date: 5/31/2009
Perf: $3,464.52 Date: 4/30/2009
Perf: $3,417.36 Date: 3/31/2009
Perf: $3,532.89 Date: 2/28/2009
Perf: $3,633.54 Date: 1/31/2009
Perf: $3,635.36 Date: 12/31/2008
Perf: $3,659.14 Date: 11/30/2008
Perf: $3,567.46 Date: 10/31/2008
Perf: $3,441.17 Date: 9/30/2008
Perf: $3,272.63 Date: 8/31/2008
Perf: $3,265.77 Date: 7/31/2008
Perf: $3,355.36 Date: 6/30/2008
Perf: $3,516.78 Date: 5/31/2008
Perf: $3,425.32 Date: 4/30/2008
Perf: $3,356.18 Date: 3/31/2008
Perf: $3,395.23 Date: 2/29/2008
Perf: $3,410.23 Date: 1/31/2008
Perf: $3,226.64 Date: 12/31/2007
Perf: $3,168.96 Date: 11/30/2007
Perf: $3,176.27 Date: 10/31/2007
Perf: $3,197.05 Date: 9/30/2007
Perf: $3,064.95 Date: 8/31/2007
Perf: $2,928.20 Date: 7/31/2007
Perf: $3,041.66 Date: 6/30/2007
Perf: $3,138.64 Date: 5/31/2007
Perf: $3,050.48 Date: 4/30/2007
Perf: $2,945.33 Date: 3/31/2007
Perf: $2,826.62 Date: 2/28/2007
Perf: $2,894.34 Date: 1/31/2007
Perf: $3,007.11 Date: 12/31/2006
Perf: $2,956.55 Date: 11/30/2006
Perf: $2,859.89 Date: 10/31/2006
Perf: $2,791.50 Date: 9/30/2006
Perf: $2,761.12 Date: 8/31/2006
Perf: $2,790.71 Date: 7/31/2006
Perf: $2,759.80 Date: 6/30/2006
Perf: $2,801.25 Date: 5/31/2006
Perf: $2,840.16 Date: 4/30/2006
Perf: $2,917.48 Date: 3/31/2006
Perf: $2,847.99 Date: 2/28/2006
Perf: $2,773.65 Date: 1/31/2006
Perf: $2,823.92 Date: 12/31/2005
Perf: $2,770.99 Date: 11/30/2005
Perf: $2,822.07 Date: 10/31/2005
Perf: $2,705.99 Date: 9/30/2005
Perf: $2,701.66 Date: 8/31/2005
Perf: $2,660.69 Date: 7/31/2005
Perf: $2,646.40 Date: 6/30/2005
Perf: $2,644.81 Date: 5/31/2005
Perf: $2,557.60 Date: 4/30/2005
Perf: $2,480.94 Date: 3/31/2005
Perf: $2,543.25 Date: 2/28/2005
Perf: $2,557.57 Date: 1/31/2005
Perf: $2,540.04 Date: 12/31/2004
Perf: $2,651.40 Date: 11/30/2004
Perf: $2,642.68 Date: 10/31/2004
Perf: $2,507.05 Date: 9/30/2004
Perf: $2,424.14 Date: 8/31/2004
Perf: $2,391.85 Date: 7/31/2004
Perf: $2,408.47 Date: 6/30/2004
Perf: $2,436.24 Date: 5/31/2004
Perf: $2,519.38 Date: 4/30/2004
Perf: $2,560.09 Date: 3/31/2004
Perf: $2,729.89 Date: 2/29/2004
Perf: $2,756.91 Date: 1/31/2004
Perf: $2,609.72 Date: 12/31/2003
Perf: $2,584.90 Date: 11/30/2003
Perf: $2,477.62 Date: 10/31/2003
Perf: $2,485.08 Date: 9/30/2003
Perf: $2,430.39 Date: 8/31/2003
Perf: $2,441.62 Date: 7/31/2003
Perf: $2,418.89 Date: 6/30/2003
Perf: $2,474.82 Date: 5/31/2003
Perf: $2,538.54 Date: 4/30/2003
Perf: $2,397.79 Date: 3/31/2003
Perf: $2,363.05 Date: 2/28/2003
Perf: $2,506.42 Date: 1/31/2003
Perf: $2,365.21 Date: 12/31/2002
Perf: $2,228.60 Date: 11/30/2002
Perf: $2,100.67 Date: 10/31/2002
Perf: $2,160.29 Date: 9/30/2002
Perf: $2,278.31 Date: 8/31/2002
Perf: $2,177.91 Date: 7/31/2002
Perf: $2,126.65 Date: 6/30/2002
Perf: $2,018.85 Date: 5/31/2002
Perf: $1,854.88 Date: 4/30/2002
Perf: $1,808.05 Date: 3/31/2002
Perf: $1,851.75 Date: 2/28/2002
Perf: $1,857.14 Date: 1/31/2002
Perf: $1,911.03 Date: 12/31/2001
Perf: $1,934.24 Date: 11/30/2001
Perf: $1,894.27 Date: 10/31/2001
Perf: $2,053.85 Date: 9/30/2001
Perf: $1,968.80 Date: 8/31/2001
Perf: $1,909.97 Date: 7/31/2001
Perf: $1,854.52 Date: 6/30/2001
Perf: $1,850.45 Date: 5/31/2001
Perf: $1,871.03 Date: 4/30/2001
Perf: $1,870.47 Date: 3/31/2001
Perf: $1,993.26 Date: 2/28/2001
Perf: $1,871.95 Date: 1/31/2001
Perf: $1,854.34 Date: 12/31/2000
Perf: $1,835.25 Date: 11/30/2000
Perf: $1,695.70 Date: 10/31/2000
Perf: $1,595.80 Date: 9/30/2000
Perf: $1,563.13 Date: 8/31/2000
Perf: $1,590.81 Date: 7/31/2000
Perf: $1,558.70 Date: 6/30/2000
Perf: $1,586.62 Date: 5/31/2000
Perf: $1,611.60 Date: 4/30/2000
Perf: $1,589.82 Date: 3/31/2000
Perf: $1,614.20 Date: 2/29/2000
Perf: $1,655.25 Date: 1/31/2000
Perf: $1,674.00 Date: 12/31/1999
Perf: $1,658.90 Date: 11/30/1999
Perf: $1,637.77 Date: 10/31/1999
Perf: $1,606.61 Date: 9/30/1999
Perf: $1,680.90 Date: 8/31/1999
Perf: $1,675.04 Date: 7/31/1999
Perf: $1,665.05 Date: 6/30/1999
Perf: $1,678.14 Date: 5/31/1999
Perf: $1,635.61 Date: 4/30/1999
Perf: $1,663.22 Date: 3/31/1999
Perf: $1,613.68 Date: 2/28/1999
Perf: $1,626.86 Date: 1/31/1999
Perf: $1,597.00 Date: 12/31/1998
Perf: $1,644.52 Date: 11/30/1998
Perf: $1,606.76 Date: 10/31/1998
Perf: $1,636.72 Date: 9/30/1998
Perf: $1,643.29 Date: 8/31/1998
Perf: $1,572.98 Date: 7/31/1998
Perf: $1,457.40 Date: 6/30/1998
Perf: $1,454.35 Date: 5/31/1998
Perf: $1,452.61 Date: 4/30/1998
Perf: $1,416.62 Date: 3/31/1998
Perf: $1,475.19 Date: 2/28/1998
Perf: $1,458.13 Date: 1/31/1998
Perf: $1,469.59 Date: 12/31/1997
Perf: $1,460.39 Date: 11/30/1997
Perf: $1,422.28 Date: 10/31/1997
Perf: $1,402.64 Date: 9/30/1997
Perf: $1,411.39 Date: 8/31/1997
Perf: $1,393.83 Date: 7/31/1997
Perf: $1,463.49 Date: 6/30/1997
Perf: $1,368.00 Date: 5/31/1997
Perf: $1,352.32 Date: 4/30/1997
Perf: $1,375.14 Date: 3/31/1997
Perf: $1,408.09 Date: 2/28/1997
Perf: $1,409.64 Date: 1/31/1997
Perf: $1,376.74 Date: 12/31/1996
Perf: $1,324.93 Date: 11/30/1996
Perf: $1,355.85 Date: 10/31/1996
Perf: $1,266.55 Date: 9/30/1996
Perf: $1,171.65 Date: 8/31/1996
Perf: $1,121.30 Date: 7/31/1996
Perf: $1,125.24 Date: 6/30/1996
Perf: $1,155.04 Date: 5/31/1996
Perf: $1,143.38 Date: 4/30/1996
Perf: $1,171.02 Date: 3/31/1996
Perf: $1,112.92 Date: 2/29/1996
Perf: $1,106.61 Date: 1/31/1996
Perf: $1,177.37 Date: 12/31/1995
Perf: $1,141.75 Date: 11/30/1995
Perf: $1,092.69 Date: 10/31/1995
Perf: $1,074.64 Date: 9/30/1995
Perf: $1,073.56 Date: 8/31/1995
Perf: $1,101.09 Date: 7/31/1995
Perf: $1,087.60 Date: 6/30/1995
Perf: $1,109.35 Date: 5/31/1995
Perf: $1,133.84 Date: 4/30/1995
Perf: $1,121.17 Date: 3/31/1995
Perf: $1,101.45 Date: 2/28/1995
Perf: $1,017.70 Date: 1/31/1995
Perf: $981.76 Date: 12/31/1994
Perf: $1,009.01 Date: 11/30/1994
Perf: $1,026.77 Date: 10/31/1994
Perf: $1,012.59 Date: 9/30/1994
Perf: $1,013.10 Date: 8/31/1994
Perf: $1,000.00 Date: 2/28/2017
Perf: $7,683.71 Date: 1/31/2017
Perf: $7,390.32 Date: 12/31/2016
Perf: $7,252.52 Date: 11/30/2016
Perf: $7,111.71 Date: 10/31/2016
Perf: $6,857.96 Date: 9/30/2016
Perf: $6,985.09 Date: 8/31/2016
Perf: $6,983.70 Date: 7/31/2016
Perf: $6,973.93 Date: 6/30/2016
Perf: $6,725.75 Date: 5/31/2016
Perf: $6,708.31 Date: 4/30/2016
Perf: $6,589.70 Date: 3/31/2016
Perf: $6,564.10 Date: 2/29/2016
Perf: $6,147.31 Date: 1/31/2016
Perf: $6,155.31 Date: 12/31/2015
Perf: $6,476.55 Date: 11/30/2015
Perf: $6,580.52 Date: 10/31/2015
Perf: $6,560.84 Date: 9/30/2015
Perf: $6,050.20 Date: 8/31/2015
Perf: $6,203.42 Date: 7/31/2015
Perf: $6,601.49 Date: 6/30/2015
Perf: $6,465.71 Date: 5/31/2015
Perf: $6,593.63 Date: 4/30/2015
Perf: $6,509.66 Date: 3/31/2015
Perf: $6,447.76 Date: 2/28/2015
Perf: $6,551.27 Date: 1/31/2015
Perf: $6,195.05 Date: 12/31/2014
Perf: $6,386.65 Date: 11/30/2014
Perf: $6,402.66 Date: 10/31/2014
Perf: $6,234.94 Date: 9/30/2014
Perf: $6,086.43 Date: 8/31/2014
Perf: $6,172.85 Date: 7/31/2014
Perf: $5,935.43 Date: 6/30/2014
Perf: $6,018.49 Date: 5/31/2014
Perf: $5,896.43 Date: 4/30/2014
Perf: $5,761.05 Date: 3/31/2014
Perf: $5,718.73 Date: 2/28/2014
Perf: $5,671.09 Date: 1/31/2014
Perf: $5,423.25 Date: 12/31/2013
Perf: $5,617.62 Date: 11/30/2013
Perf: $5,479.00 Date: 10/31/2013
Perf: $5,316.84 Date: 9/30/2013
Perf: $5,083.02 Date: 8/31/2013
Perf: $4,928.27 Date: 7/31/2013
Perf: $5,075.46 Date: 6/30/2013
Perf: $4,829.63 Date: 5/31/2013
Perf: $4,895.23 Date: 4/30/2013
Perf: $4,783.30 Date: 3/31/2013
Perf: $4,692.73 Date: 2/28/2013
Perf: $4,523.11 Date: 1/31/2013
Perf: $4,462.42 Date: 12/31/2012
Perf: $4,242.65 Date: 11/30/2012
Perf: $4,204.39 Date: 10/31/2012
Perf: $4,180.15 Date: 9/30/2012
Perf: $4,258.94 Date: 8/31/2012
Perf: $4,151.82 Date: 7/31/2012
Perf: $4,060.46 Date: 6/30/2012
Perf: $4,004.79 Date: 5/31/2012
Perf: $3,846.32 Date: 4/30/2012
Perf: $4,092.27 Date: 3/31/2012
Perf: $4,118.22 Date: 2/29/2012
Perf: $3,987.04 Date: 1/31/2012
Perf: $3,821.93 Date: 12/31/2011
Perf: $3,658.05 Date: 11/30/2011
Perf: $3,621.12 Date: 10/31/2011
Perf: $3,629.10 Date: 9/30/2011
Perf: $3,271.52 Date: 8/31/2011
Perf: $3,518.90 Date: 7/31/2011
Perf: $3,720.95 Date: 6/30/2011
Perf: $3,798.05 Date: 5/31/2011
Perf: $3,862.56 Date: 4/30/2011
Perf: $3,906.70 Date: 3/31/2011
Perf: $3,794.39 Date: 2/28/2011
Perf: $3,792.87 Date: 1/31/2011
Perf: $3,667.09 Date: 12/31/2010
Perf: $3,582.19 Date: 11/30/2010
Perf: $3,357.88 Date: 10/31/2010
Perf: $3,357.55 Date: 9/30/2010
Perf: $3,234.32 Date: 8/31/2010
Perf: $2,969.45 Date: 7/31/2010
Perf: $3,109.69 Date: 6/30/2010
Perf: $2,905.98 Date: 5/31/2010
Perf: $3,066.35 Date: 4/30/2010
Perf: $3,332.63 Date: 3/31/2010
Perf: $3,280.80 Date: 2/28/2010
Perf: $3,094.21 Date: 1/31/2010
Perf: $3,001.18 Date: 12/31/2009
Perf: $3,113.25 Date: 11/30/2009
Perf: $3,054.31 Date: 10/31/2009
Perf: $2,881.42 Date: 9/30/2009
Perf: $2,936.03 Date: 8/31/2009
Perf: $2,830.46 Date: 7/31/2009
Perf: $2,731.84 Date: 6/30/2009
Perf: $2,539.83 Date: 5/31/2009
Perf: $2,534.76 Date: 4/30/2009
Perf: $2,400.56 Date: 3/31/2009
Perf: $2,190.90 Date: 2/28/2009
Perf: $2,014.43 Date: 1/31/2009
Perf: $2,254.54 Date: 12/31/2008
Perf: $2,462.09 Date: 11/30/2008
Perf: $2,436.27 Date: 10/31/2008
Perf: $2,624.73 Date: 9/30/2008
Perf: $3,154.34 Date: 8/31/2008
Perf: $3,462.88 Date: 7/31/2008
Perf: $3,413.39 Date: 6/30/2008
Perf: $3,442.30 Date: 5/31/2008
Perf: $3,759.20 Date: 4/30/2008
Perf: $3,710.96 Date: 3/31/2008
Perf: $3,538.63 Date: 2/29/2008
Perf: $3,553.91 Date: 1/31/2008
Perf: $3,673.29 Date: 12/31/2007
Perf: $3,907.76 Date: 11/30/2007
Perf: $3,934.91 Date: 10/31/2007
Perf: $4,106.56 Date: 9/30/2007
Perf: $4,042.29 Date: 8/31/2007
Perf: $3,896.56 Date: 7/31/2007
Perf: $3,838.98 Date: 6/30/2007
Perf: $3,961.79 Date: 5/31/2007
Perf: $4,028.67 Date: 4/30/2007
Perf: $3,892.81 Date: 3/31/2007
Perf: $3,727.67 Date: 2/28/2007
Perf: $3,686.39 Date: 1/31/2007
Perf: $3,760.08 Date: 12/31/2006
Perf: $3,704.15 Date: 11/30/2006
Perf: $3,653.01 Date: 10/31/2006
Perf: $3,584.90 Date: 9/30/2006
Perf: $3,471.72 Date: 8/31/2006
Perf: $3,384.40 Date: 7/31/2006
Perf: $3,305.72 Date: 6/30/2006
Perf: $3,285.35 Date: 5/31/2006
Perf: $3,280.76 Date: 4/30/2006
Perf: $3,378.05 Date: 3/31/2006
Perf: $3,333.38 Date: 2/28/2006
Perf: $3,292.55 Date: 1/31/2006
Perf: $3,283.69 Date: 12/31/2005
Perf: $3,198.92 Date: 11/30/2005
Perf: $3,197.96 Date: 10/31/2005
Perf: $3,081.48 Date: 9/30/2005
Perf: $3,133.81 Date: 8/31/2005
Perf: $3,108.63 Date: 7/31/2005
Perf: $3,137.18 Date: 6/30/2005
Perf: $3,024.66 Date: 5/31/2005
Perf: $3,020.43 Date: 4/30/2005
Perf: $2,927.35 Date: 3/31/2005
Perf: $2,984.04 Date: 2/28/2005
Perf: $3,037.81 Date: 1/31/2005
Perf: $2,975.33 Date: 12/31/2004
Perf: $3,049.74 Date: 11/30/2004
Perf: $2,949.46 Date: 10/31/2004
Perf: $2,834.66 Date: 9/30/2004
Perf: $2,791.94 Date: 8/31/2004
Perf: $2,762.11 Date: 7/31/2004
Perf: $2,751.11 Date: 6/30/2004
Perf: $2,845.28 Date: 5/31/2004
Perf: $2,791.14 Date: 4/30/2004
Perf: $2,753.41 Date: 3/31/2004
Perf: $2,797.33 Date: 2/29/2004
Perf: $2,840.22 Date: 1/31/2004
Perf: $2,801.28 Date: 12/31/2003
Perf: $2,750.67 Date: 11/30/2003
Perf: $2,613.71 Date: 10/31/2003
Perf: $2,590.91 Date: 9/30/2003
Perf: $2,452.12 Date: 8/31/2003
Perf: $2,478.39 Date: 7/31/2003
Perf: $2,430.99 Date: 6/30/2003
Perf: $2,388.94 Date: 5/31/2003
Perf: $2,358.75 Date: 4/30/2003
Perf: $2,240.67 Date: 3/31/2003
Perf: $2,070.09 Date: 2/28/2003
Perf: $2,050.21 Date: 1/31/2003
Perf: $2,081.43 Date: 12/31/2002
Perf: $2,137.43 Date: 11/30/2002
Perf: $2,270.72 Date: 10/31/2002
Perf: $2,144.41 Date: 9/30/2002
Perf: $1,970.97 Date: 8/31/2002
Perf: $2,211.34 Date: 7/31/2002
Perf: $2,196.84 Date: 6/30/2002
Perf: $2,382.69 Date: 5/31/2002
Perf: $2,565.34 Date: 4/30/2002
Perf: $2,584.47 Date: 3/31/2002
Perf: $2,751.19 Date: 2/28/2002
Perf: $2,651.49 Date: 1/31/2002
Perf: $2,703.67 Date: 12/31/2001
Perf: $2,743.73 Date: 11/30/2001
Perf: $2,719.80 Date: 10/31/2001
Perf: $2,526.05 Date: 9/30/2001
Perf: $2,478.71 Date: 8/31/2001
Perf: $2,696.59 Date: 7/31/2001
Perf: $2,876.67 Date: 6/30/2001
Perf: $2,905.14 Date: 5/31/2001
Perf: $2,977.50 Date: 4/30/2001
Perf: $2,957.68 Date: 3/31/2001
Perf: $2,744.44 Date: 2/28/2001
Perf: $2,930.21 Date: 1/31/2001
Perf: $3,224.26 Date: 12/31/2000
Perf: $3,113.73 Date: 11/30/2000
Perf: $3,098.54 Date: 10/31/2000
Perf: $3,363.60 Date: 9/30/2000
Perf: $3,377.78 Date: 8/31/2000
Perf: $3,566.07 Date: 7/31/2000
Perf: $3,357.57 Date: 6/30/2000
Perf: $3,410.77 Date: 5/31/2000
Perf: $3,328.56 Date: 4/30/2000
Perf: $3,398.22 Date: 3/31/2000
Perf: $3,503.68 Date: 2/29/2000
Perf: $3,191.55 Date: 1/31/2000
Perf: $3,253.03 Date: 12/31/1999
Perf: $3,424.97 Date: 11/30/1999
Perf: $3,234.46 Date: 10/31/1999
Perf: $3,170.10 Date: 9/30/1999
Perf: $2,981.38 Date: 8/31/1999
Perf: $3,065.37 Date: 7/31/1999
Perf: $3,080.47 Date: 6/30/1999
Perf: $3,179.67 Date: 5/31/1999
Perf: $3,012.48 Date: 4/30/1999
Perf: $3,085.29 Date: 3/31/1999
Perf: $2,970.34 Date: 2/28/1999
Perf: $2,856.10 Date: 1/31/1999
Perf: $2,947.77 Date: 12/31/1998
Perf: $2,829.50 Date: 11/30/1998
Perf: $2,675.40 Date: 10/31/1998
Perf: $2,522.53 Date: 9/30/1998
Perf: $2,332.87 Date: 8/31/1998
Perf: $2,192.34 Date: 7/31/1998
Perf: $2,562.94 Date: 6/30/1998
Perf: $2,590.40 Date: 5/31/1998
Perf: $2,489.33 Date: 4/30/1998
Perf: $2,532.90 Date: 3/31/1998
Perf: $2,507.57 Date: 2/28/1998
Perf: $2,385.44 Date: 1/31/1998
Perf: $2,225.01 Date: 12/31/1997
Perf: $2,200.59 Date: 11/30/1997
Perf: $2,163.38 Date: 10/31/1997
Perf: $2,067.65 Date: 9/30/1997
Perf: $2,139.09 Date: 8/31/1997
Perf: $2,027.96 Date: 7/31/1997
Perf: $2,148.26 Date: 6/30/1997
Perf: $1,989.87 Date: 5/31/1997
Perf: $1,904.54 Date: 4/30/1997
Perf: $1,795.22 Date: 3/31/1997
Perf: $1,694.08 Date: 2/28/1997
Perf: $1,766.69 Date: 1/31/1997
Perf: $1,753.02 Date: 12/31/1996
Perf: $1,649.90 Date: 11/30/1996
Perf: $1,683.23 Date: 10/31/1996
Perf: $1,564.92 Date: 9/30/1996
Perf: $1,522.89 Date: 8/31/1996
Perf: $1,441.72 Date: 7/31/1996
Perf: $1,411.93 Date: 6/30/1996
Perf: $1,477.22 Date: 5/31/1996
Perf: $1,471.63 Date: 4/30/1996
Perf: $1,434.61 Date: 3/31/1996
Perf: $1,413.83 Date: 2/29/1996
Perf: $1,400.39 Date: 1/31/1996
Perf: $1,387.48 Date: 12/31/1995
Perf: $1,341.86 Date: 11/30/1995
Perf: $1,316.45 Date: 10/31/1995
Perf: $1,261.09 Date: 9/30/1995
Perf: $1,265.65 Date: 8/31/1995
Perf: $1,214.40 Date: 7/31/1995
Perf: $1,211.37 Date: 6/30/1995
Perf: $1,172.45 Date: 5/31/1995
Perf: $1,145.86 Date: 4/30/1995
Perf: $1,101.79 Date: 3/31/1995
Perf: $1,070.32 Date: 2/28/1995
Perf: $1,039.65 Date: 1/31/1995
Perf: $1,000.63 Date: 12/31/1994
Perf: $975.37 Date: 11/30/1994
Perf: $961.14 Date: 10/31/1994
Perf: $997.45 Date: 9/30/1994
Perf: $975.50 Date: 8/31/1994
Perf: $1,000.00 Date: 2/28/2017
Perf: $2,407.69 Date: 1/31/2017
Perf: $2,404.81 Date: 12/31/2016
Perf: $2,396.18 Date: 11/30/2016
Perf: $2,389.97 Date: 10/31/2016
Perf: $2,380.92 Date: 9/30/2016
Perf: $2,375.69 Date: 8/31/2016
Perf: $2,381.41 Date: 7/31/2016
Perf: $2,378.32 Date: 6/30/2016
Perf: $2,377.84 Date: 5/31/2016
Perf: $2,368.13 Date: 4/30/2016
Perf: $2,358.46 Date: 3/31/2016
Perf: $2,358.70 Date: 2/29/2016
Perf: $2,348.83 Date: 1/31/2016
Perf: $2,359.45 Date: 12/31/2015
Perf: $2,370.83 Date: 11/30/2015
Perf: $2,395.02 Date: 10/31/2015
Perf: $2,382.39 Date: 9/30/2015
Perf: $2,381.92 Date: 8/31/2015
Perf: $2,356.70 Date: 7/31/2015
Perf: $2,419.11 Date: 6/30/2015
Perf: $2,410.20 Date: 5/31/2015
Perf: $2,402.99 Date: 4/30/2015
Perf: $2,403.71 Date: 3/31/2015
Perf: $2,396.28 Date: 2/28/2015
Perf: $2,389.59 Date: 1/31/2015
Perf: $2,379.83 Date: 12/31/2014
Perf: $2,383.88 Date: 11/30/2014
Perf: $2,395.86 Date: 10/31/2014
Perf: $2,384.18 Date: 9/30/2014
Perf: $2,405.59 Date: 8/31/2014
Perf: $2,401.75 Date: 7/31/2014
Perf: $2,386.24 Date: 6/30/2014
Perf: $2,396.30 Date: 5/31/2014
Perf: $2,390.33 Date: 4/30/2014
Perf: $2,377.25 Date: 3/31/2014
Perf: $2,377.97 Date: 2/28/2014
Perf: $2,369.91 Date: 1/31/2014
Perf: $2,361.41 Date: 12/31/2013
Perf: $2,359.99 Date: 11/30/2013
Perf: $2,358.10 Date: 10/31/2013
Perf: $2,352.69 Date: 9/30/2013
Perf: $2,344.49 Date: 8/31/2013
Perf: $2,340.51 Date: 7/31/2013
Perf: $2,334.67 Date: 6/30/2013
Perf: $2,322.36 Date: 5/31/2013
Perf: $2,323.99 Date: 4/30/2013
Perf: $2,328.41 Date: 3/31/2013
Perf: $2,325.39 Date: 2/28/2013
Perf: $2,317.74 Date: 1/31/2013
Perf: $2,319.37 Date: 12/31/2012
Perf: $2,312.43 Date: 11/30/2012
Perf: $2,304.82 Date: 10/31/2012
Perf: $2,288.35 Date: 9/30/2012
Perf: $2,291.55 Date: 8/31/2012
Perf: $2,279.70 Date: 7/31/2012
Perf: $2,272.65 Date: 6/30/2012
Perf: $2,271.07 Date: 5/31/2012
Perf: $2,260.67 Date: 4/30/2012
Perf: $2,238.50 Date: 3/31/2012
Perf: $2,230.03 Date: 2/29/2012
Perf: $2,221.37 Date: 1/31/2012
Perf: $2,207.24 Date: 12/31/2011
Perf: $2,190.16 Date: 11/30/2011
Perf: $2,176.23 Date: 10/31/2011
Perf: $2,160.67 Date: 9/30/2011
Perf: $2,138.65 Date: 8/31/2011
Perf: $2,124.41 Date: 7/31/2011
Perf: $2,121.23 Date: 6/30/2011
Perf: $2,138.12 Date: 5/31/2011
Perf: $2,135.77 Date: 4/30/2011
Perf: $2,120.50 Date: 3/31/2011
Perf: $2,112.48 Date: 2/28/2011
Perf: $2,117.13 Date: 1/31/2011
Perf: $2,104.51 Date: 12/31/2010
Perf: $2,113.81 Date: 11/30/2010
Perf: $2,092.88 Date: 10/31/2010
Perf: $2,075.65 Date: 9/30/2010
Perf: $2,060.81 Date: 8/31/2010
Perf: $2,030.76 Date: 7/31/2010
Perf: $2,037.07 Date: 6/30/2010
Perf: $1,998.50 Date: 5/31/2010
Perf: $2,002.31 Date: 4/30/2010
Perf: $2,123.11 Date: 3/31/2010
Perf: $2,127.37 Date: 2/28/2010
Perf: $2,123.76 Date: 1/31/2010
Perf: $2,112.56 Date: 12/31/2009
Perf: $2,108.97 Date: 11/30/2009
Perf: $2,101.20 Date: 10/31/2009
Perf: $2,099.10 Date: 9/30/2009
Perf: $2,115.60 Date: 8/31/2009
Perf: $2,100.69 Date: 7/31/2009
Perf: $2,110.61 Date: 6/30/2009
Perf: $2,113.78 Date: 5/31/2009
Perf: $2,112.93 Date: 4/30/2009
Perf: $2,126.33 Date: 3/31/2009
Perf: $2,107.15 Date: 2/28/2009
Perf: $2,064.62 Date: 1/31/2009
Perf: $2,024.93 Date: 12/31/2008
Perf: $2,015.26 Date: 11/30/2008
Perf: $1,935.33 Date: 10/31/2008
Perf: $1,931.85 Date: 9/30/2008
Perf: $2,005.87 Date: 8/31/2008
Perf: $2,072.18 Date: 7/31/2008
Perf: $2,055.94 Date: 6/30/2008
Perf: $2,058.82 Date: 5/31/2008
Perf: $2,068.33 Date: 4/30/2008
Perf: $2,078.10 Date: 3/31/2008
Perf: $2,041.56 Date: 2/29/2008
Perf: $2,039.93 Date: 1/31/2008
Perf: $2,011.17 Date: 12/31/2007
Perf: $2,117.02 Date: 11/30/2007
Perf: $2,097.09 Date: 10/31/2007
Perf: $2,100.67 Date: 9/30/2007
Perf: $2,100.46 Date: 8/31/2007
Perf: $2,071.05 Date: 7/31/2007
Perf: $2,076.03 Date: 6/30/2007
Perf: $2,083.11 Date: 5/31/2007
Perf: $2,060.24 Date: 4/30/2007
Perf: $2,036.62 Date: 3/31/2007
Perf: $2,025.48 Date: 2/28/2007
Perf: $2,022.04 Date: 1/31/2007
Perf: $2,009.98 Date: 12/31/2006
Perf: $2,014.01 Date: 11/30/2006
Perf: $2,019.26 Date: 10/31/2006
Perf: $2,018.86 Date: 9/30/2006
Perf: $2,014.22 Date: 8/31/2006
Perf: $2,010.80 Date: 7/31/2006
Perf: $2,000.80 Date: 6/30/2006
Perf: $1,994.02 Date: 5/31/2006
Perf: $1,982.32 Date: 4/30/2006
Perf: $1,985.90 Date: 3/31/2006
Perf: $1,977.20 Date: 2/28/2006
Perf: $1,966.58 Date: 1/31/2006
Perf: $1,958.16 Date: 12/31/2005
Perf: $1,961.49 Date: 11/30/2005
Perf: $1,965.03 Date: 10/31/2005
Perf: $1,966.01 Date: 9/30/2005
Perf: $1,959.16 Date: 8/31/2005
Perf: $1,951.55 Date: 7/31/2005
Perf: $1,963.72 Date: 6/30/2005
Perf: $1,968.84 Date: 5/31/2005
Perf: $1,965.50 Date: 4/30/2005
Perf: $1,960.79 Date: 3/31/2005
Perf: $1,971.84 Date: 2/28/2005
Perf: $1,969.28 Date: 1/31/2005
Perf: $1,946.69 Date: 12/31/2004
Perf: $1,961.01 Date: 11/30/2004
Perf: $1,958.07 Date: 10/31/2004
Perf: $1,940.80 Date: 9/30/2004
Perf: $1,919.30 Date: 8/31/2004
Perf: $1,931.47 Date: 7/31/2004
Perf: $1,907.44 Date: 6/30/2004
Perf: $1,899.65 Date: 5/31/2004
Perf: $1,892.83 Date: 4/30/2004
Perf: $1,891.70 Date: 3/31/2004
Perf: $1,884.16 Date: 2/29/2004
Perf: $1,867.54 Date: 1/31/2004
Perf: $1,866.98 Date: 12/31/2003
Perf: $1,848.86 Date: 11/30/2003
Perf: $1,845.91 Date: 10/31/2003
Perf: $1,833.62 Date: 9/30/2003
Perf: $1,827.23 Date: 8/31/2003
Perf: $1,823.76 Date: 7/31/2003
Perf: $1,823.03 Date: 6/30/2003
Perf: $1,823.58 Date: 5/31/2003
Perf: $1,823.40 Date: 4/30/2003
Perf: $1,816.86 Date: 3/31/2003
Perf: $1,809.62 Date: 2/28/2003
Perf: $1,790.99 Date: 1/31/2003
Perf: $1,767.49 Date: 12/31/2002
Perf: $1,773.34 Date: 11/30/2002
Perf: $1,751.79 Date: 10/31/2002
Perf: $1,743.94 Date: 9/30/2002
Perf: $1,738.73 Date: 8/31/2002
Perf: $1,707.82 Date: 7/31/2002
Perf: $1,706.28 Date: 6/30/2002
Perf: $1,769.63 Date: 5/31/2002
Perf: $1,776.21 Date: 4/30/2002
Perf: $1,776.38 Date: 3/31/2002
Perf: $1,782.98 Date: 2/28/2002
Perf: $1,771.64 Date: 1/31/2002
Perf: $1,745.29 Date: 12/31/2001
Perf: $1,744.42 Date: 11/30/2001
Perf: $1,728.51 Date: 10/31/2001
Perf: $1,704.48 Date: 9/30/2001
Perf: $1,698.37 Date: 8/31/2001
Perf: $1,751.07 Date: 7/31/2001
Perf: $1,768.76 Date: 6/30/2001
Perf: $1,763.65 Date: 5/31/2001
Perf: $1,763.82 Date: 4/30/2001
Perf: $1,757.85 Date: 3/31/2001
Perf: $1,759.96 Date: 2/28/2001
Perf: $1,832.33 Date: 1/31/2001
Perf: $1,921.09 Date: 12/31/2000
Perf: $1,883.97 Date: 11/30/2000
Perf: $1,857.78 Date: 10/31/2000
Perf: $1,873.90 Date: 9/30/2000
Perf: $1,876.52 Date: 8/31/2000
Perf: $1,860.71 Date: 7/31/2000
Perf: $1,838.10 Date: 6/30/2000
Perf: $1,808.97 Date: 5/31/2000
Perf: $1,806.63 Date: 4/30/2000
Perf: $1,783.26 Date: 3/31/2000
Perf: $1,810.24 Date: 2/29/2000
Perf: $1,805.18 Date: 1/31/2000
Perf: $1,776.06 Date: 12/31/1999
Perf: $1,730.54 Date: 11/30/1999
Perf: $1,713.75 Date: 10/31/1999
Perf: $1,720.63 Date: 9/30/1999
Perf: $1,709.01 Date: 8/31/1999
Perf: $1,691.42 Date: 7/31/1999
Perf: $1,631.54 Date: 6/30/1999
Perf: $1,581.72 Date: 5/31/1999
Perf: $1,573.22 Date: 4/30/1999
Perf: $1,572.59 Date: 3/31/1999
Perf: $1,552.26 Date: 2/28/1999
Perf: $1,543.61 Date: 1/31/1999
Perf: $1,526.82 Date: 12/31/1998
Perf: $1,489.87 Date: 11/30/1998
Perf: $1,460.66 Date: 10/31/1998
Perf: $1,424.61 Date: 9/30/1998
Perf: $1,397.64 Date: 8/31/1998
Perf: $1,377.66 Date: 7/31/1998
Perf: $1,425.27 Date: 6/30/1998
Perf: $1,415.78 Date: 5/31/1998
Perf: $1,404.54 Date: 4/30/1998
Perf: $1,390.78 Date: 3/31/1998
Perf: $1,357.78 Date: 2/28/1998
Perf: $1,356.56 Date: 1/31/1998
Perf: $1,345.66 Date: 12/31/1997
Perf: $1,326.04 Date: 11/30/1997
Perf: $1,305.15 Date: 10/31/1997
Perf: $1,297.37 Date: 9/30/1997
Perf: $1,331.18 Date: 8/31/1997
Perf: $1,305.46 Date: 7/31/1997
Perf: $1,299.62 Date: 6/30/1997
Perf: $1,326.54 Date: 5/31/1997
Perf: $1,338.46 Date: 4/30/1997
Perf: $1,369.83 Date: 3/31/1997
Perf: $1,370.10 Date: 2/28/1997
Perf: $1,334.21 Date: 1/31/1997
Perf: $1,321.92 Date: 12/31/1996
Perf: $1,338.78 Date: 11/30/1996
Perf: $1,431.24 Date: 10/31/1996
Perf: $1,390.23 Date: 9/30/1996
Perf: $1,346.34 Date: 8/31/1996
Perf: $1,334.20 Date: 7/31/1996
Perf: $1,306.12 Date: 6/30/1996
Perf: $1,387.86 Date: 5/31/1996
Perf: $1,334.74 Date: 4/30/1996
Perf: $1,331.94 Date: 3/31/1996
Perf: $1,319.67 Date: 2/29/1996
Perf: $1,303.63 Date: 1/31/1996
Perf: $1,310.98 Date: 12/31/1995
Perf: $1,321.42 Date: 11/30/1995
Perf: $1,295.25 Date: 10/31/1995
Perf: $1,251.09 Date: 9/30/1995
Perf: $1,243.50 Date: 8/31/1995
Perf: $1,220.92 Date: 7/31/1995
Perf: $1,189.16 Date: 6/30/1995
Perf: $1,193.10 Date: 5/31/1995
Perf: $1,170.28 Date: 4/30/1995
Perf: $1,156.63 Date: 3/31/1995
Perf: $1,127.87 Date: 2/28/1995
Perf: $1,125.96 Date: 1/31/1995
Perf: $1,115.92 Date: 12/31/1994
Perf: $1,090.93 Date: 11/30/1994
Perf: $1,071.54 Date: 10/31/1994
Perf: $1,049.29 Date: 9/30/1994
Perf: $1,024.40 Date: 8/31/1994
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 08/94 - 02/17
Date: 2/28/2017
Return: 0.12 % Date: 1/31/2017
Return: 0.36 % Date: 12/31/2016
Return: 0.26 % Date: 11/30/2016
Return: 0.38 % Date: 10/31/2016
Return: 0.22 % Date: 9/30/2016
Return: -0.24 % Date: 8/31/2016
Return: 0.13 % Date: 7/31/2016
Return: 0.02 % Date: 6/30/2016
Return: 0.41 % Date: 5/31/2016
Return: 0.41 % Date: 4/30/2016
Return: -0.01 % Date: 3/31/2016
Return: 0.42 % Date: 2/29/2016
Return: -0.45 % Date: 1/31/2016
Return: -0.48 % Date: 12/31/2015
Return: -1.01 % Date: 11/30/2015
Return: 0.53 % Date: 10/31/2015
Return: 0.02 % Date: 9/30/2015
Return: 1.07 % Date: 8/31/2015
Return: -2.58 % Date: 7/31/2015
Return: 0.37 % Date: 6/30/2015
Return: 0.30 % Date: 5/31/2015
Return: -0.03 % Date: 4/30/2015
Return: 0.31 % Date: 3/31/2015
Return: 0.28 % Date: 2/28/2015
Return: 0.41 % Date: 1/31/2015
Return: -0.17 % Date: 12/31/2014
Return: -0.50 % Date: 11/30/2014
Return: 0.49 % Date: 10/31/2014
Return: -0.89 % Date: 9/30/2014
Return: 0.16 % Date: 8/31/2014
Return: 0.65 % Date: 7/31/2014
Return: -0.42 % Date: 6/30/2014
Return: 0.25 % Date: 5/31/2014
Return: 0.55 % Date: 4/30/2014
Return: -0.03 % Date: 3/31/2014
Return: 0.34 % Date: 2/28/2014
Return: 0.36 % Date: 1/31/2014
Return: 0.06 % Date: 12/31/2013
Return: 0.08 % Date: 11/30/2013
Return: 0.23 % Date: 10/31/2013
Return: 0.35 % Date: 9/30/2013
Return: 0.17 % Date: 8/31/2013
Return: 0.25 % Date: 7/31/2013
Return: 0.53 % Date: 6/30/2013
Return: -0.07 % Date: 5/31/2013
Return: -0.19 % Date: 4/30/2013
Return: 0.13 % Date: 3/31/2013
Return: 0.33 % Date: 2/28/2013
Return: -0.07 % Date: 1/31/2013
Return: 0.30 % Date: 12/31/2012
Return: 0.33 % Date: 11/30/2012
Return: 0.72 % Date: 10/31/2012
Return: -0.14 % Date: 9/30/2012
Return: 0.52 % Date: 8/31/2012
Return: 0.31 % Date: 7/31/2012
Return: 0.07 % Date: 6/30/2012
Return: 0.46 % Date: 5/31/2012
Return: 0.99 % Date: 4/30/2012
Return: 0.38 % Date: 3/31/2012
Return: 0.39 % Date: 2/29/2012
Return: 0.64 % Date: 1/31/2012
Return: 0.78 % Date: 12/31/2011
Return: 0.64 % Date: 11/30/2011
Return: 0.72 % Date: 10/31/2011
Return: 1.03 % Date: 9/30/2011
Return: 0.67 % Date: 8/31/2011
Return: 0.15 % Date: 7/31/2011
Return: -0.79 % Date: 6/30/2011
Return: 0.11 % Date: 5/31/2011
Return: 0.72 % Date: 4/30/2011
Return: 0.38 % Date: 3/31/2011
Return: -0.22 % Date: 2/28/2011
Return: 0.60 % Date: 1/31/2011
Return: -0.44 % Date: 12/31/2010
Return: 1.00 % Date: 11/30/2010
Return: 0.83 % Date: 10/31/2010
Return: 0.72 % Date: 9/30/2010
Return: 1.48 % Date: 8/31/2010
Return: -0.31 % Date: 7/31/2010
Return: 1.93 % Date: 6/30/2010
Return: -0.19 % Date: 5/31/2010
Return: -5.69 % Date: 4/30/2010
Return: -0.20 % Date: 3/31/2010
Return: 0.17 % Date: 2/28/2010
Return: 0.53 % Date: 1/31/2010
Return: 0.17 % Date: 12/31/2009
Return: 0.37 % Date: 11/30/2009
Return: 0.10 % Date: 10/31/2009
Return: -0.78 % Date: 9/30/2009
Return: 0.71 % Date: 8/31/2009
Return: -0.47 % Date: 7/31/2009
Return: -0.15 % Date: 6/30/2009
Return: 0.04 % Date: 5/31/2009
Return: -0.63 % Date: 4/30/2009
Return: 0.91 % Date: 3/31/2009
Return: 2.06 % Date: 2/28/2009
Return: 1.96 % Date: 1/31/2009
Return: 0.48 % Date: 12/31/2008
Return: 4.13 % Date: 11/30/2008
Return: 0.18 % Date: 10/31/2008
Return: -3.69 % Date: 9/30/2008
Return: -3.20 % Date: 8/31/2008
Return: 0.79 % Date: 7/31/2008
Return: -0.14 % Date: 6/30/2008
Return: -0.46 % Date: 5/31/2008
Return: -0.47 % Date: 4/30/2008
Return: 1.79 % Date: 3/31/2008
Return: 0.08 % Date: 2/29/2008
Return: 1.43 % Date: 1/31/2008
Return: -5.00 % Date: 12/31/2007
Return: 0.95 % Date: 11/30/2007
Return: -0.17 % Date: 10/31/2007
Return: 0.01 % Date: 9/30/2007
Return: 1.42 % Date: 8/31/2007
Return: -0.24 % Date: 7/31/2007
Return: -0.34 % Date: 6/30/2007
Return: 1.11 % Date: 5/31/2007
Return: 1.16 % Date: 4/30/2007
Return: 0.55 % Date: 3/31/2007
Return: 0.17 % Date: 2/28/2007
Return: 0.60 % Date: 1/31/2007
Return: -0.20 % Date: 12/31/2006
Return: -0.26 % Date: 11/30/2006
Return: 0.02 % Date: 10/31/2006
Return: 0.23 % Date: 9/30/2006
Return: 0.17 % Date: 8/31/2006
Return: 0.50 % Date: 7/31/2006
Return: 0.34 % Date: 6/30/2006
Return: 0.59 % Date: 5/31/2006
Return: -0.18 % Date: 4/30/2006
Return: 0.44 % Date: 3/31/2006
Return: 0.54 % Date: 2/28/2006
Return: 0.43 % Date: 1/31/2006
Return: -0.17 % Date: 12/31/2005
Return: -0.18 % Date: 11/30/2005
Return: -0.05 % Date: 10/31/2005
Return: 0.35 % Date: 9/30/2005
Return: 0.39 % Date: 8/31/2005
Return: -0.62 % Date: 7/31/2005
Return: -0.26 % Date: 6/30/2005
Return: 0.17 % Date: 5/31/2005
Return: 0.24 % Date: 4/30/2005
Return: -0.56 % Date: 3/31/2005
Return: 0.13 % Date: 2/28/2005
Return: 1.16 % Date: 1/31/2005
Return: -0.73 % Date: 12/31/2004
Return: 0.15 % Date: 11/30/2004
Return: 0.89 % Date: 10/31/2004
Return: 1.12 % Date: 9/30/2004
Return: -0.63 % Date: 8/31/2004
Return: 1.26 % Date: 7/31/2004
Return: 0.41 % Date: 6/30/2004
Return: 0.36 % Date: 5/31/2004
Return: 0.06 % Date: 4/30/2004
Return: 0.40 % Date: 3/31/2004
Return: 0.89 % Date: 2/29/2004
Return: 0.03 % Date: 1/31/2004
Return: 0.98 % Date: 12/31/2003
Return: 0.16 % Date: 11/30/2003
Return: 0.67 % Date: 10/31/2003
Return: 0.35 % Date: 9/30/2003
Return: 0.19 % Date: 8/31/2003
Return: 0.04 % Date: 7/31/2003
Return: -0.03 % Date: 6/30/2003
Return: 0.01 % Date: 5/31/2003
Return: 0.36 % Date: 4/30/2003
Return: 0.40 % Date: 3/31/2003
Return: 1.04 % Date: 2/28/2003
Return: 1.33 % Date: 1/31/2003
Return: -0.33 % Date: 12/31/2002
Return: 1.23 % Date: 11/30/2002
Return: 0.45 % Date: 10/31/2002
Return: 0.30 % Date: 9/30/2002
Return: 1.81 % Date: 8/31/2002
Return: 0.09 % Date: 7/31/2002
Return: -3.58 % Date: 6/30/2002
Return: -0.37 % Date: 5/31/2002
Return: -0.01 % Date: 4/30/2002
Return: -0.37 % Date: 3/31/2002
Return: 0.64 % Date: 2/28/2002
Return: 1.51 % Date: 1/31/2002
Return: 0.05 % Date: 12/31/2001
Return: 0.92 % Date: 11/30/2001
Return: 1.41 % Date: 10/31/2001
Return: 0.36 % Date: 9/30/2001
Return: -3.01 % Date: 8/31/2001
Return: -1.00 % Date: 7/31/2001
Return: 0.29 % Date: 6/30/2001
Return: -0.01 % Date: 5/31/2001
Return: 0.34 % Date: 4/30/2001
Return: -0.12 % Date: 3/31/2001
Return: -3.95 % Date: 2/28/2001
Return: -4.62 % Date: 1/31/2001
Return: 1.97 % Date: 12/31/2000
Return: 1.41 % Date: 11/30/2000
Return: -0.86 % Date: 10/31/2000
Return: -0.14 % Date: 9/30/2000
Return: 0.85 % Date: 8/31/2000
Return: 1.23 % Date: 7/31/2000
Return: 1.61 % Date: 6/30/2000
Return: 0.13 % Date: 5/31/2000
Return: 1.31 % Date: 4/30/2000
Return: -1.49 % Date: 3/31/2000
Return: 0.28 % Date: 2/29/2000
Return: 1.64 % Date: 1/31/2000
Return: 2.63 % Date: 12/31/1999
Return: 0.98 % Date: 11/30/1999
Return: -0.40 % Date: 10/31/1999
Return: 0.68 % Date: 9/30/1999
Return: 1.04 % Date: 8/31/1999
Return: 3.67 % Date: 7/31/1999
Return: 3.15 % Date: 6/30/1999
Return: 0.54 % Date: 5/31/1999
Return: 0.04 % Date: 4/30/1999
Return: 1.31 % Date: 3/31/1999
Return: 0.56 % Date: 2/28/1999
Return: 1.10 % Date: 1/31/1999
Return: 2.48 % Date: 12/31/1998
Return: 2.00 % Date: 11/30/1998
Return: 2.53 % Date: 10/31/1998
Return: 1.93 % Date: 9/30/1998
Return: 1.45 % Date: 8/31/1998
Return: -3.34 % Date: 7/31/1998
Return: 0.67 % Date: 6/30/1998
Return: 0.80 % Date: 5/31/1998
Return: 0.99 % Date: 4/30/1998
Return: 2.43 % Date: 3/31/1998
Return: 0.09 % Date: 2/28/1998
Return: 0.81 % Date: 1/31/1998
Return: 1.48 % Date: 12/31/1997
Return: 1.60 % Date: 11/30/1997
Return: 0.60 % Date: 10/31/1997
Return: -2.54 % Date: 9/30/1997
Return: 1.97 % Date: 8/31/1997
Return: 0.45 % Date: 7/31/1997
Return: -2.03 % Date: 6/30/1997
Return: -0.89 % Date: 5/31/1997
Return: -2.29 % Date: 4/30/1997
Return: -0.02 % Date: 3/31/1997
Return: 2.69 % Date: 2/28/1997
Return: 0.93 % Date: 1/31/1997
Return: -1.26 % Date: 12/31/1996
Return: -6.46 % Date: 11/30/1996
Return: 2.95 % Date: 10/31/1996
Return: 3.26 % Date: 9/30/1996
Return: 0.91 % Date: 8/31/1996
Return: 2.15 % Date: 7/31/1996
Return: -5.89 % Date: 6/30/1996
Return: 3.98 % Date: 5/31/1996
Return: 0.21 % Date: 4/30/1996
Return: 0.93 % Date: 3/31/1996
Return: 1.23 % Date: 2/29/1996
Return: -0.56 % Date: 1/31/1996
Return: -0.79 % Date: 12/31/1995
Return: 2.02 % Date: 11/30/1995
Return: 3.53 % Date: 10/31/1995
Return: 0.61 % Date: 9/30/1995
Return: 1.85 % Date: 8/31/1995
Return: 2.67 % Date: 7/31/1995
Return: -0.33 % Date: 6/30/1995
Return: 1.95 % Date: 5/31/1995
Return: 1.18 % Date: 4/30/1995
Return: 2.55 % Date: 3/31/1995
Return: 0.17 % Date: 2/28/1995
Return: 0.90 % Date: 1/31/1995
Return: 2.29 % Date: 12/31/1994
Return: 1.81 % Date: 11/30/1994
Return: 2.12 % Date: 10/31/1994
Return: 2.43 % Date: 9/30/1994
Return: 2.44 % Date: 8/31/1994
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 08/94 - 02/17
Return: -4.00 %
Count: 3 Return: -5.00 %
Count: 2 Return: -3.00 %
Count: 5 Return: -2.00 %
Count: 2 Return: -6.00 %
Count: 3 Return: -1.00 %
Count: 16 Return: 4.00 %
Count: 4 Return: 3.00 %
Count: 8 Return: 1.00 %
Count: 71 Return: 2.00 %
Count: 24 Return: 0.00 %
Count: 133
Note: All performance data is since program inception.

Underwater Curve
Date Range: 08/94 - 02/17
Date: 2/28/2017
Drawdown: -0.47 % Date: 1/31/2017
Drawdown: -0.59 % Date: 12/31/2016
Drawdown: -0.95 % Date: 11/30/2016
Drawdown: -1.20 % Date: 10/31/2016
Drawdown: -1.58 % Date: 9/30/2016
Drawdown: -1.79 % Date: 8/31/2016
Drawdown: -1.56 % Date: 7/31/2016
Drawdown: -1.69 % Date: 6/30/2016
Drawdown: -1.71 % Date: 5/31/2016
Drawdown: -2.11 % Date: 4/30/2016
Drawdown: -2.51 % Date: 3/31/2016
Drawdown: -2.50 % Date: 2/29/2016
Drawdown: -2.91 % Date: 1/31/2016
Drawdown: -2.47 % Date: 12/31/2015
Drawdown: -2.00 % Date: 11/30/2015
Drawdown: -1.00 % Date: 10/31/2015
Drawdown: -1.52 % Date: 9/30/2015
Drawdown: -1.54 % Date: 8/31/2015
Drawdown: -2.58 % Date: 7/31/2015
Drawdown: 0.00 % Date: 6/30/2015
Drawdown: 0.00 % Date: 5/31/2015
Drawdown: -0.11 % Date: 4/30/2015
Drawdown: -0.08 % Date: 3/31/2015
Drawdown: -0.39 % Date: 2/28/2015
Drawdown: -0.67 % Date: 1/31/2015
Drawdown: -1.07 % Date: 12/31/2014
Drawdown: -0.90 % Date: 11/30/2014
Drawdown: -0.40 % Date: 10/31/2014
Drawdown: -0.89 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -0.42 % Date: 6/30/2014
Drawdown: 0.00 % Date: 5/31/2014
Drawdown: 0.00 % Date: 4/30/2014
Drawdown: -0.03 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: 0.00 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: 0.00 % Date: 9/30/2013
Drawdown: 0.00 % Date: 8/31/2013
Drawdown: 0.00 % Date: 7/31/2013
Drawdown: 0.00 % Date: 6/30/2013
Drawdown: -0.26 % Date: 5/31/2013
Drawdown: -0.19 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: 0.00 % Date: 2/28/2013
Drawdown: -0.07 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: -0.14 % Date: 9/30/2012
Drawdown: 0.00 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: 0.00 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: 0.00 % Date: 12/31/2011
Drawdown: 0.00 % Date: 11/30/2011
Drawdown: 0.00 % Date: 10/31/2011
Drawdown: 0.00 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -0.64 % Date: 7/31/2011
Drawdown: -0.79 % Date: 6/30/2011
Drawdown: 0.00 % Date: 5/31/2011
Drawdown: 0.00 % Date: 4/30/2011
Drawdown: -0.32 % Date: 3/31/2011
Drawdown: -0.70 % Date: 2/28/2011
Drawdown: -0.48 % Date: 1/31/2011
Drawdown: -1.07 % Date: 12/31/2010
Drawdown: -0.64 % Date: 11/30/2010
Drawdown: -1.62 % Date: 10/31/2010
Drawdown: -2.43 % Date: 9/30/2010
Drawdown: -3.13 % Date: 8/31/2010
Drawdown: -4.54 % Date: 7/31/2010
Drawdown: -4.24 % Date: 6/30/2010
Drawdown: -6.06 % Date: 5/31/2010
Drawdown: -5.88 % Date: 4/30/2010
Drawdown: -0.20 % Date: 3/31/2010
Drawdown: 0.00 % Date: 2/28/2010
Drawdown: -0.12 % Date: 1/31/2010
Drawdown: -0.65 % Date: 12/31/2009
Drawdown: -0.82 % Date: 11/30/2009
Drawdown: -1.18 % Date: 10/31/2009
Drawdown: -1.28 % Date: 9/30/2009
Drawdown: -0.50 % Date: 8/31/2009
Drawdown: -1.21 % Date: 7/31/2009
Drawdown: -0.74 % Date: 6/30/2009
Drawdown: -0.59 % Date: 5/31/2009
Drawdown: -0.63 % Date: 4/30/2009
Drawdown: 0.00 % Date: 3/31/2009
Drawdown: -0.47 % Date: 2/28/2009
Drawdown: -2.47 % Date: 1/31/2009
Drawdown: -4.35 % Date: 12/31/2008
Drawdown: -4.81 % Date: 11/30/2008
Drawdown: -8.58 % Date: 10/31/2008
Drawdown: -8.75 % Date: 9/30/2008
Drawdown: -5.25 % Date: 8/31/2008
Drawdown: -2.12 % Date: 7/31/2008
Drawdown: -2.89 % Date: 6/30/2008
Drawdown: -2.75 % Date: 5/31/2008
Drawdown: -2.30 % Date: 4/30/2008
Drawdown: -1.84 % Date: 3/31/2008
Drawdown: -3.56 % Date: 2/29/2008
Drawdown: -3.64 % Date: 1/31/2008
Drawdown: -5.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: -0.17 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: -0.58 % Date: 7/31/2007
Drawdown: -0.34 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: 0.00 % Date: 1/31/2007
Drawdown: -0.46 % Date: 12/31/2006
Drawdown: -0.26 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: 0.00 % Date: 9/30/2006
Drawdown: 0.00 % Date: 8/31/2006
Drawdown: 0.00 % Date: 7/31/2006
Drawdown: 0.00 % Date: 6/30/2006
Drawdown: 0.00 % Date: 5/31/2006
Drawdown: -0.18 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -0.27 % Date: 1/31/2006
Drawdown: -0.69 % Date: 12/31/2005
Drawdown: -0.52 % Date: 11/30/2005
Drawdown: -0.35 % Date: 10/31/2005
Drawdown: -0.30 % Date: 9/30/2005
Drawdown: -0.64 % Date: 8/31/2005
Drawdown: -1.03 % Date: 7/31/2005
Drawdown: -0.41 % Date: 6/30/2005
Drawdown: -0.15 % Date: 5/31/2005
Drawdown: -0.32 % Date: 4/30/2005
Drawdown: -0.56 % Date: 3/31/2005
Drawdown: 0.00 % Date: 2/28/2005
Drawdown: 0.00 % Date: 1/31/2005
Drawdown: -0.73 % Date: 12/31/2004
Drawdown: 0.00 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: 0.00 % Date: 9/30/2004
Drawdown: -0.63 % Date: 8/31/2004
Drawdown: 0.00 % Date: 7/31/2004
Drawdown: -0.71 % Date: 6/30/2004
Drawdown: -1.12 % Date: 5/31/2004
Drawdown: -1.47 % Date: 4/30/2004
Drawdown: -1.53 % Date: 3/31/2004
Drawdown: -1.92 % Date: 2/29/2004
Drawdown: -2.79 % Date: 1/31/2004
Drawdown: -2.82 % Date: 12/31/2003
Drawdown: -3.76 % Date: 11/30/2003
Drawdown: -3.91 % Date: 10/31/2003
Drawdown: -4.55 % Date: 9/30/2003
Drawdown: -4.89 % Date: 8/31/2003
Drawdown: -5.07 % Date: 7/31/2003
Drawdown: -5.10 % Date: 6/30/2003
Drawdown: -5.08 % Date: 5/31/2003
Drawdown: -5.09 % Date: 4/30/2003
Drawdown: -5.43 % Date: 3/31/2003
Drawdown: -5.80 % Date: 2/28/2003
Drawdown: -6.77 % Date: 1/31/2003
Drawdown: -8.00 % Date: 12/31/2002
Drawdown: -7.69 % Date: 11/30/2002
Drawdown: -8.81 % Date: 10/31/2002
Drawdown: -9.22 % Date: 9/30/2002
Drawdown: -9.49 % Date: 8/31/2002
Drawdown: -11.10 % Date: 7/31/2002
Drawdown: -11.18 % Date: 6/30/2002
Drawdown: -7.88 % Date: 5/31/2002
Drawdown: -7.54 % Date: 4/30/2002
Drawdown: -7.53 % Date: 3/31/2002
Drawdown: -7.19 % Date: 2/28/2002
Drawdown: -7.78 % Date: 1/31/2002
Drawdown: -9.15 % Date: 12/31/2001
Drawdown: -9.20 % Date: 11/30/2001
Drawdown: -10.02 % Date: 10/31/2001
Drawdown: -11.28 % Date: 9/30/2001
Drawdown: -11.59 % Date: 8/31/2001
Drawdown: -8.85 % Date: 7/31/2001
Drawdown: -7.93 % Date: 6/30/2001
Drawdown: -8.20 % Date: 5/31/2001
Drawdown: -8.19 % Date: 4/30/2001
Drawdown: -8.50 % Date: 3/31/2001
Drawdown: -8.39 % Date: 2/28/2001
Drawdown: -4.62 % Date: 1/31/2001
Drawdown: 0.00 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: -1.00 % Date: 10/31/2000
Drawdown: -0.14 % Date: 9/30/2000
Drawdown: 0.00 % Date: 8/31/2000
Drawdown: 0.00 % Date: 7/31/2000
Drawdown: 0.00 % Date: 6/30/2000
Drawdown: -0.07 % Date: 5/31/2000
Drawdown: -0.20 % Date: 4/30/2000
Drawdown: -1.49 % Date: 3/31/2000
Drawdown: 0.00 % Date: 2/29/2000
Drawdown: 0.00 % Date: 1/31/2000
Drawdown: 0.00 % Date: 12/31/1999
Drawdown: 0.00 % Date: 11/30/1999
Drawdown: -0.40 % Date: 10/31/1999
Drawdown: 0.00 % Date: 9/30/1999
Drawdown: 0.00 % Date: 8/31/1999
Drawdown: 0.00 % Date: 7/31/1999
Drawdown: 0.00 % Date: 6/30/1999
Drawdown: 0.00 % Date: 5/31/1999
Drawdown: 0.00 % Date: 4/30/1999
Drawdown: 0.00 % Date: 3/31/1999
Drawdown: 0.00 % 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: 0.00 % Date: 10/31/1998
Drawdown: -0.46 % Date: 9/30/1998
Drawdown: -2.35 % Date: 8/31/1998
Drawdown: -3.74 % Date: 7/31/1998
Drawdown: -0.42 % Date: 6/30/1998
Drawdown: -1.08 % Date: 5/31/1998
Drawdown: -1.87 % Date: 4/30/1998
Drawdown: -2.83 % Date: 3/31/1998
Drawdown: -5.13 % Date: 2/28/1998
Drawdown: -5.22 % Date: 1/31/1998
Drawdown: -5.98 % Date: 12/31/1997
Drawdown: -7.35 % Date: 11/30/1997
Drawdown: -8.81 % Date: 10/31/1997
Drawdown: -9.35 % Date: 9/30/1997
Drawdown: -6.99 % Date: 8/31/1997
Drawdown: -8.79 % Date: 7/31/1997
Drawdown: -9.20 % Date: 6/30/1997
Drawdown: -7.32 % Date: 5/31/1997
Drawdown: -6.48 % Date: 4/30/1997
Drawdown: -4.29 % Date: 3/31/1997
Drawdown: -4.27 % Date: 2/28/1997
Drawdown: -6.78 % Date: 1/31/1997
Drawdown: -7.64 % Date: 12/31/1996
Drawdown: -6.46 % Date: 11/30/1996
Drawdown: 0.00 % Date: 10/31/1996
Drawdown: 0.00 % Date: 9/30/1996
Drawdown: -2.99 % Date: 8/31/1996
Drawdown: -3.87 % Date: 7/31/1996
Drawdown: -5.89 % Date: 6/30/1996
Drawdown: 0.00 % Date: 5/31/1996
Drawdown: 0.00 % Date: 4/30/1996
Drawdown: 0.00 % Date: 3/31/1996
Drawdown: -0.13 % Date: 2/29/1996
Drawdown: -1.35 % Date: 1/31/1996
Drawdown: -0.79 % Date: 12/31/1995
Drawdown: 0.00 % Date: 11/30/1995
Drawdown: 0.00 % Date: 10/31/1995
Drawdown: 0.00 % Date: 9/30/1995
Drawdown: 0.00 % Date: 8/31/1995
Drawdown: 0.00 % Date: 7/31/1995
Drawdown: -0.33 % Date: 6/30/1995
Drawdown: 0.00 % 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: 0.00 % Date: 1/31/1995
Drawdown: 0.00 % Date: 12/31/1994
Drawdown: 0.00 % Date: 11/30/1994
Drawdown: 0.00 % Date: 10/31/1994
Drawdown: 0.00 % Date: 9/30/1994
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Witter & Lester, Inc.
Address: 3330 L&N Drive Suite E
City: Huntsville
State: AL
Zip: 35801-5349
Country: USA
Key People
Name:  Richard L. Lester
Position:  Principal
Biography: 

Richard L. Lester, President and co-founder of the Advisor, attended the University of Alabama in Huntsville and holds an Associate Degree in Business Administration from Calhoun Community College. For ten years (1978-1988), he was employed by First Alabama Bank as a Vice-President and Trust Investment Officer.


Name:  G. Wayne Whaley
Position:  Principal
Biography: 

G. Wayne Whaley, Executive Vice-President for the Advisor since 1993, was employed for five years (1988-1993) as a Systems Analyst by SPARTA, Inc. in Huntsville, Alabama where he created computerized probability models of nuclear arsenal exchanges. He holds a B.S. degree in the Science of Mathematics from Jacksonville State University and a M.S. degree in Operations Research (Applied Math) from Georgia Technological Institute.


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.