Altegris Clearing Solutions Tactical Investment Management Corp. Institutional Commodity Program *QEP*
Monthly Performance (%)
Date Range: 03/93 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 1.98 -2.10 -0.16
2016 1.48 5.40 -2.47 5.70 0.82 4.11 0.01 -6.22 -1.72 -0.60 3.33 -0.96 8.52
2015 9.53 -4.17 0.56 -3.84 -0.13 -9.09 4.38 6.99 2.27 -4.58 2.34 -2.25 0.46
2014 -1.26 2.22 0.51 5.38 -3.16 2.80 14.42 2.34 16.31 -12.78 7.99 9.92 50.07
2013 1.41 -4.79 -0.15 -3.12 0.59 -0.50 -2.25 -2.77 -4.85 -0.11 -0.11 1.29 -14.56
2012 -2.27 0.45 -5.43 1.00 -0.64 -0.71 21.17 1.22 -2.06 -5.74 -3.39 -0.16 1.03
2011 -8.39 9.45 -7.71 13.53 -15.31 -7.43 1.19 3.30 0.82 -10.52 -6.77 -0.43 -27.90
2010 -1.63 -3.23 4.88 2.26 -2.40 3.24 -0.54 -3.65 19.98 18.27 9.23 10.55 68.92
2009 0.30 -1.12 -8.39 -2.65 15.67 -3.40 5.33 10.29 -1.99 -1.49 10.46 -1.98 20.02
2008 8.09 21.39 -7.18 0.14 2.05 6.78 -12.30 -1.64 -1.15 26.62 1.38 1.98 48.35
2007 -6.33 -1.68 -7.15 8.58 -0.61 6.76 -1.66 -10.49 26.03 3.69 -7.52 1.91 6.81
2006 16.31 -6.10 6.94 15.83 1.00 -2.61 -10.06 4.52 -4.15 -0.28 8.02 -3.79 24.26
2005 -4.20 1.12 -3.78 -3.03 4.16 -0.47 -3.80 6.90 0.71 -4.01 9.14 5.22 6.98
2004 4.51 14.38 1.44 -18.94 -7.83 -7.31 6.49 -3.17 5.98 4.00 12.75 0.39 8.03
2003 10.47 9.08 -7.41 4.31 6.11 -6.42 -7.00 0.34 1.71 12.69 -2.04 6.75 29.25
2002 -5.52 0.90 -0.43 -3.55 9.82 9.78 3.65 4.48 3.59 -3.01 2.27 9.58 34.58
2001 -1.79 2.46 13.89 -7.74 3.04 3.61 -3.37 1.99 5.29 8.13 -9.62 1.55 16.24
2000 3.82 -0.18 -4.05 1.34 8.37 -3.59 -1.20 3.46 -1.01 4.57 9.67 8.64 32.73
1999 -9.34 1.84 -7.46 3.90 -8.46 -1.69 0.75 2.46 4.66 -12.91 2.85 3.21 -20.21
1998 -1.04 -3.36 -1.72 -3.55 3.27 4.67 -0.84 16.37 -1.51 -1.66 -5.15 8.74 12.96
1997 9.12 8.51 -1.67 -4.86 6.84 -9.36 12.24 3.86 4.03 -2.05 0.13 3.93 32.60
1996 -6.84 -3.29 4.35 26.14 -5.15 0.52 -6.38 4.17 7.35 8.53 8.96 -6.33 31.12
1995 -5.92 1.62 12.88 5.32 11.17 0.33 -5.94 -4.53 -2.33 1.62 5.25 26.28 50.17
1994 -10.55 -11.64 0.83 0.23 8.46 2.69 -3.59 -5.64 3.48 2.70 12.71 2.78 -0.36
1993 1.75 5.47 3.10 13.16 4.84 -6.22 -3.53 4.13 3.49 27.97
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Tactical Institutional Commodity Program began trading in 1993. It is the current offering of the Tactical Commodity Trading Program which has continuously traded for clients since 1981. The Institutional Commodity Program has lower leverage and costs than our preliminary 1981-1999 offering but is otherwise identical. The program is based on capturing hedgers' risk premium in commodity and foreign exchange markets. It employs an extra long term, systematic methodology which frequently holds positions (with rolls) for more than a year. Physical commodity futures always make up over half the portfolio weighting. Performance includes interest income and is net of all fees and commissions.

Performance Statistics
Date Range: 03/93 - 02/17
  Program SP500 TR Altegris 40
Total Return 3676.51% 759.58% 284.21%
Annualized Return 16.40% 9.38% 5.77%
Annualized Std. Deviation 24.75% 14.43% 10.35%
Correlation -0.10 0.66
Sharpe Ratio (rf=2.5%) 0.56 0.48 0.32
Worst Month -18.94% -16.79% -7.77%
Date of Worst Month 04/2004 10/2008 11/2001
Worst Drawdown -41.52% -50.95% -15.74%
Date of Worst Drawdown 4/11 - 11/13 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 03/93 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 -0.16 5.95 0.86
2016 8.52 11.98 -3.13
2015 0.46 1.41 0.09
2014 50.07 13.69 15.75
2013 -14.56 32.41 -2.45
2012 1.03 15.98 -4.75
2011 -27.90 2.12 -3.23
2010 68.92 15.06 11.33
2009 20.02 26.45 -7.98
2008 48.35 -36.99 15.47
2007 6.81 5.50 7.18
2006 24.26 15.79 6.70
2005 6.98 4.89 4.51
2004 8.03 10.87 2.57
2003 29.25 28.69 15.99
2002 34.58 -22.10 15.22
2001 16.24 -11.88 5.39
2000 32.73 -9.09 10.63
1999 -20.21 21.04 0.87
1998 12.96 28.58 12.61
1997 32.60 33.38 10.22
1996 31.12 22.96 16.04
1995 50.17 37.57 13.16
1994 -0.36 1.32 -5.46
1993 27.97 5.47 8.06
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 03/93 - 02/17
Date: 2/28/2017
Perf: $3,863.30 Date: 1/31/2017
Perf: $3,780.88 Date: 12/31/2016
Perf: $3,830.29 Date: 11/30/2016
Perf: $3,801.40 Date: 10/31/2016
Perf: $3,843.68 Date: 9/30/2016
Perf: $3,945.48 Date: 8/31/2016
Perf: $3,997.04 Date: 7/31/2016
Perf: $4,107.53 Date: 6/30/2016
Perf: $4,066.06 Date: 5/31/2016
Perf: $3,900.29 Date: 4/30/2016
Perf: $3,969.76 Date: 3/31/2016
Perf: $4,071.97 Date: 2/29/2016
Perf: $4,192.29 Date: 1/31/2016
Perf: $4,091.63 Date: 12/31/2015
Perf: $3,954.03 Date: 11/30/2015
Perf: $4,047.12 Date: 10/31/2015
Perf: $3,913.66 Date: 9/30/2015
Perf: $3,982.97 Date: 8/31/2015
Perf: $3,898.37 Date: 7/31/2015
Perf: $3,967.00 Date: 6/30/2015
Perf: $3,817.73 Date: 5/31/2015
Perf: $4,027.14 Date: 4/30/2015
Perf: $4,056.34 Date: 3/31/2015
Perf: $4,219.21 Date: 2/28/2015
Perf: $4,127.98 Date: 1/31/2015
Perf: $4,134.59 Date: 12/31/2014
Perf: $3,950.50 Date: 11/30/2014
Perf: $3,882.17 Date: 10/31/2014
Perf: $3,664.16 Date: 9/30/2014
Perf: $3,611.07 Date: 8/31/2014
Perf: $3,558.06 Date: 7/31/2014
Perf: $3,413.66 Date: 6/30/2014
Perf: $3,441.19 Date: 5/31/2014
Perf: $3,411.85 Date: 4/30/2014
Perf: $3,326.68 Date: 3/31/2014
Perf: $3,301.59 Date: 2/28/2014
Perf: $3,351.19 Date: 1/31/2014
Perf: $3,323.93 Date: 12/31/2013
Perf: $3,413.01 Date: 11/30/2013
Perf: $3,417.80 Date: 10/31/2013
Perf: $3,357.04 Date: 9/30/2013
Perf: $3,281.88 Date: 8/31/2013
Perf: $3,301.69 Date: 7/31/2013
Perf: $3,366.32 Date: 6/30/2013
Perf: $3,395.87 Date: 5/31/2013
Perf: $3,529.64 Date: 4/30/2013
Perf: $3,688.24 Date: 3/31/2013
Perf: $3,595.47 Date: 2/28/2013
Perf: $3,544.43 Date: 1/31/2013
Perf: $3,565.11 Date: 12/31/2012
Perf: $3,498.64 Date: 11/30/2012
Perf: $3,481.58 Date: 10/31/2012
Perf: $3,471.86 Date: 9/30/2012
Perf: $3,602.26 Date: 8/31/2012
Perf: $3,662.69 Date: 7/31/2012
Perf: $3,713.19 Date: 6/30/2012
Perf: $3,567.29 Date: 5/31/2012
Perf: $3,706.66 Date: 4/30/2012
Perf: $3,637.55 Date: 3/31/2012
Perf: $3,615.85 Date: 2/29/2012
Perf: $3,699.84 Date: 1/31/2012
Perf: $3,684.73 Date: 12/31/2011
Perf: $3,672.98 Date: 11/30/2011
Perf: $3,638.05 Date: 10/31/2011
Perf: $3,627.17 Date: 9/30/2011
Perf: $3,776.73 Date: 8/31/2011
Perf: $3,779.00 Date: 7/31/2011
Perf: $3,786.57 Date: 6/30/2011
Perf: $3,655.34 Date: 5/31/2011
Perf: $3,752.92 Date: 4/30/2011
Perf: $3,895.09 Date: 3/31/2011
Perf: $3,748.88 Date: 2/28/2011
Perf: $3,807.13 Date: 1/31/2011
Perf: $3,743.49 Date: 12/31/2010
Perf: $3,795.49 Date: 11/30/2010
Perf: $3,639.36 Date: 10/31/2010
Perf: $3,772.92 Date: 9/30/2010
Perf: $3,632.00 Date: 8/31/2010
Perf: $3,567.08 Date: 7/31/2010
Perf: $3,425.27 Date: 6/30/2010
Perf: $3,470.04 Date: 5/31/2010
Perf: $3,456.90 Date: 4/30/2010
Perf: $3,542.63 Date: 3/31/2010
Perf: $3,488.90 Date: 2/28/2010
Perf: $3,355.68 Date: 1/31/2010
Perf: $3,324.43 Date: 12/31/2009
Perf: $3,409.33 Date: 11/30/2009
Perf: $3,551.38 Date: 10/31/2009
Perf: $3,413.80 Date: 9/30/2009
Perf: $3,503.49 Date: 8/31/2009
Perf: $3,422.05 Date: 7/31/2009
Perf: $3,410.79 Date: 6/30/2009
Perf: $3,414.55 Date: 5/31/2009
Perf: $3,507.86 Date: 4/30/2009
Perf: $3,460.11 Date: 3/31/2009
Perf: $3,577.08 Date: 2/28/2009
Perf: $3,678.99 Date: 1/31/2009
Perf: $3,680.83 Date: 12/31/2008
Perf: $3,704.91 Date: 11/30/2008
Perf: $3,612.08 Date: 10/31/2008
Perf: $3,484.21 Date: 9/30/2008
Perf: $3,313.56 Date: 8/31/2008
Perf: $3,306.62 Date: 7/31/2008
Perf: $3,397.33 Date: 6/30/2008
Perf: $3,560.76 Date: 5/31/2008
Perf: $3,468.16 Date: 4/30/2008
Perf: $3,398.16 Date: 3/31/2008
Perf: $3,437.70 Date: 2/29/2008
Perf: $3,452.89 Date: 1/31/2008
Perf: $3,267.00 Date: 12/31/2007
Perf: $3,208.60 Date: 11/30/2007
Perf: $3,216.00 Date: 10/31/2007
Perf: $3,237.04 Date: 9/30/2007
Perf: $3,103.29 Date: 8/31/2007
Perf: $2,964.83 Date: 7/31/2007
Perf: $3,079.70 Date: 6/30/2007
Perf: $3,177.90 Date: 5/31/2007
Perf: $3,088.64 Date: 4/30/2007
Perf: $2,982.17 Date: 3/31/2007
Perf: $2,861.97 Date: 2/28/2007
Perf: $2,930.55 Date: 1/31/2007
Perf: $3,044.72 Date: 12/31/2006
Perf: $2,993.53 Date: 11/30/2006
Perf: $2,895.66 Date: 10/31/2006
Perf: $2,826.41 Date: 9/30/2006
Perf: $2,795.66 Date: 8/31/2006
Perf: $2,825.61 Date: 7/31/2006
Perf: $2,794.32 Date: 6/30/2006
Perf: $2,836.29 Date: 5/31/2006
Perf: $2,875.69 Date: 4/30/2006
Perf: $2,953.97 Date: 3/31/2006
Perf: $2,883.61 Date: 2/28/2006
Perf: $2,808.35 Date: 1/31/2006
Perf: $2,859.24 Date: 12/31/2005
Perf: $2,805.65 Date: 11/30/2005
Perf: $2,857.37 Date: 10/31/2005
Perf: $2,739.83 Date: 9/30/2005
Perf: $2,735.46 Date: 8/31/2005
Perf: $2,693.97 Date: 7/31/2005
Perf: $2,679.50 Date: 6/30/2005
Perf: $2,677.89 Date: 5/31/2005
Perf: $2,589.59 Date: 4/30/2005
Perf: $2,511.97 Date: 3/31/2005
Perf: $2,575.06 Date: 2/28/2005
Perf: $2,589.56 Date: 1/31/2005
Perf: $2,571.81 Date: 12/31/2004
Perf: $2,684.56 Date: 11/30/2004
Perf: $2,675.73 Date: 10/31/2004
Perf: $2,538.41 Date: 9/30/2004
Perf: $2,454.46 Date: 8/31/2004
Perf: $2,421.77 Date: 7/31/2004
Perf: $2,438.60 Date: 6/30/2004
Perf: $2,466.72 Date: 5/31/2004
Perf: $2,550.90 Date: 4/30/2004
Perf: $2,592.11 Date: 3/31/2004
Perf: $2,764.03 Date: 2/29/2004
Perf: $2,791.39 Date: 1/31/2004
Perf: $2,642.36 Date: 12/31/2003
Perf: $2,617.23 Date: 11/30/2003
Perf: $2,508.61 Date: 10/31/2003
Perf: $2,516.16 Date: 9/30/2003
Perf: $2,460.79 Date: 8/31/2003
Perf: $2,472.16 Date: 7/31/2003
Perf: $2,449.14 Date: 6/30/2003
Perf: $2,505.77 Date: 5/31/2003
Perf: $2,570.29 Date: 4/30/2003
Perf: $2,427.78 Date: 3/31/2003
Perf: $2,392.61 Date: 2/28/2003
Perf: $2,537.77 Date: 1/31/2003
Perf: $2,394.80 Date: 12/31/2002
Perf: $2,256.47 Date: 11/30/2002
Perf: $2,126.94 Date: 10/31/2002
Perf: $2,187.31 Date: 9/30/2002
Perf: $2,306.81 Date: 8/31/2002
Perf: $2,205.15 Date: 7/31/2002
Perf: $2,153.26 Date: 6/30/2002
Perf: $2,044.10 Date: 5/31/2002
Perf: $1,878.08 Date: 4/30/2002
Perf: $1,830.66 Date: 3/31/2002
Perf: $1,874.91 Date: 2/28/2002
Perf: $1,880.36 Date: 1/31/2002
Perf: $1,934.93 Date: 12/31/2001
Perf: $1,958.43 Date: 11/30/2001
Perf: $1,917.96 Date: 10/31/2001
Perf: $2,079.54 Date: 9/30/2001
Perf: $1,993.43 Date: 8/31/2001
Perf: $1,933.86 Date: 7/31/2001
Perf: $1,877.72 Date: 6/30/2001
Perf: $1,873.60 Date: 5/31/2001
Perf: $1,894.44 Date: 4/30/2001
Perf: $1,893.87 Date: 3/31/2001
Perf: $2,018.19 Date: 2/28/2001
Perf: $1,895.37 Date: 1/31/2001
Perf: $1,877.53 Date: 12/31/2000
Perf: $1,858.21 Date: 11/30/2000
Perf: $1,716.91 Date: 10/31/2000
Perf: $1,615.76 Date: 9/30/2000
Perf: $1,582.68 Date: 8/31/2000
Perf: $1,610.71 Date: 7/31/2000
Perf: $1,578.20 Date: 6/30/2000
Perf: $1,606.47 Date: 5/31/2000
Perf: $1,631.76 Date: 4/30/2000
Perf: $1,609.71 Date: 3/31/2000
Perf: $1,634.39 Date: 2/29/2000
Perf: $1,675.95 Date: 1/31/2000
Perf: $1,694.94 Date: 12/31/1999
Perf: $1,679.65 Date: 11/30/1999
Perf: $1,658.26 Date: 10/31/1999
Perf: $1,626.70 Date: 9/30/1999
Perf: $1,701.93 Date: 8/31/1999
Perf: $1,695.99 Date: 7/31/1999
Perf: $1,685.88 Date: 6/30/1999
Perf: $1,699.13 Date: 5/31/1999
Perf: $1,656.07 Date: 4/30/1999
Perf: $1,684.03 Date: 3/31/1999
Perf: $1,633.87 Date: 2/28/1999
Perf: $1,647.21 Date: 1/31/1999
Perf: $1,616.97 Date: 12/31/1998
Perf: $1,665.09 Date: 11/30/1998
Perf: $1,626.86 Date: 10/31/1998
Perf: $1,657.19 Date: 9/30/1998
Perf: $1,663.84 Date: 8/31/1998
Perf: $1,592.65 Date: 7/31/1998
Perf: $1,475.63 Date: 6/30/1998
Perf: $1,472.54 Date: 5/31/1998
Perf: $1,470.78 Date: 4/30/1998
Perf: $1,434.34 Date: 3/31/1998
Perf: $1,493.64 Date: 2/28/1998
Perf: $1,476.37 Date: 1/31/1998
Perf: $1,487.97 Date: 12/31/1997
Perf: $1,478.66 Date: 11/30/1997
Perf: $1,440.07 Date: 10/31/1997
Perf: $1,420.18 Date: 9/30/1997
Perf: $1,429.04 Date: 8/31/1997
Perf: $1,411.26 Date: 7/31/1997
Perf: $1,481.79 Date: 6/30/1997
Perf: $1,385.11 Date: 5/31/1997
Perf: $1,369.23 Date: 4/30/1997
Perf: $1,392.34 Date: 3/31/1997
Perf: $1,425.70 Date: 2/28/1997
Perf: $1,427.27 Date: 1/31/1997
Perf: $1,393.96 Date: 12/31/1996
Perf: $1,341.51 Date: 11/30/1996
Perf: $1,372.81 Date: 10/31/1996
Perf: $1,282.40 Date: 9/30/1996
Perf: $1,186.31 Date: 8/31/1996
Perf: $1,135.33 Date: 7/31/1996
Perf: $1,139.32 Date: 6/30/1996
Perf: $1,169.49 Date: 5/31/1996
Perf: $1,157.68 Date: 4/30/1996
Perf: $1,185.66 Date: 3/31/1996
Perf: $1,126.84 Date: 2/29/1996
Perf: $1,120.46 Date: 1/31/1996
Perf: $1,192.10 Date: 12/31/1995
Perf: $1,156.03 Date: 11/30/1995
Perf: $1,106.36 Date: 10/31/1995
Perf: $1,088.08 Date: 9/30/1995
Perf: $1,086.99 Date: 8/31/1995
Perf: $1,114.86 Date: 7/31/1995
Perf: $1,101.21 Date: 6/30/1995
Perf: $1,123.22 Date: 5/31/1995
Perf: $1,148.02 Date: 4/30/1995
Perf: $1,135.19 Date: 3/31/1995
Perf: $1,115.23 Date: 2/28/1995
Perf: $1,030.43 Date: 1/31/1995
Perf: $994.04 Date: 12/31/1994
Perf: $1,021.63 Date: 11/30/1994
Perf: $1,039.61 Date: 10/31/1994
Perf: $1,025.26 Date: 9/30/1994
Perf: $1,025.77 Date: 8/31/1994
Perf: $1,012.51 Date: 7/31/1994
Perf: $1,052.39 Date: 6/30/1994
Perf: $1,086.40 Date: 5/31/1994
Perf: $1,037.53 Date: 4/30/1994
Perf: $1,014.80 Date: 3/31/1994
Perf: $1,028.48 Date: 2/28/1994
Perf: $1,012.38 Date: 1/31/1994
Perf: $1,035.90 Date: 12/31/1993
Perf: $1,080.63 Date: 11/30/1993
Perf: $1,061.42 Date: 10/31/1993
Perf: $1,079.67 Date: 9/30/1993
Perf: $1,087.28 Date: 8/31/1993
Perf: $1,101.04 Date: 7/31/1993
Perf: $1,113.74 Date: 6/30/1993
Perf: $1,062.02 Date: 5/31/1993
Perf: $1,047.05 Date: 4/30/1993
Perf: $1,046.00 Date: 3/31/1993
Perf: $1,000.00 Date: 2/28/2017
Perf: $8,418.22 Date: 1/31/2017
Perf: $8,096.78 Date: 12/31/2016
Perf: $7,945.81 Date: 11/30/2016
Perf: $7,791.53 Date: 10/31/2016
Perf: $7,513.53 Date: 9/30/2016
Perf: $7,652.81 Date: 8/31/2016
Perf: $7,651.28 Date: 7/31/2016
Perf: $7,640.59 Date: 6/30/2016
Perf: $7,368.68 Date: 5/31/2016
Perf: $7,349.57 Date: 4/30/2016
Perf: $7,219.62 Date: 3/31/2016
Perf: $7,191.57 Date: 2/29/2016
Perf: $6,734.94 Date: 1/31/2016
Perf: $6,743.71 Date: 12/31/2015
Perf: $7,095.66 Date: 11/30/2015
Perf: $7,209.57 Date: 10/31/2015
Perf: $7,188.00 Date: 9/30/2015
Perf: $6,628.55 Date: 8/31/2015
Perf: $6,796.43 Date: 7/31/2015
Perf: $7,232.55 Date: 6/30/2015
Perf: $7,083.79 Date: 5/31/2015
Perf: $7,223.93 Date: 4/30/2015
Perf: $7,131.93 Date: 3/31/2015
Perf: $7,064.12 Date: 2/28/2015
Perf: $7,177.52 Date: 1/31/2015
Perf: $6,787.25 Date: 12/31/2014
Perf: $6,997.17 Date: 11/30/2014
Perf: $7,014.70 Date: 10/31/2014
Perf: $6,830.95 Date: 9/30/2014
Perf: $6,668.25 Date: 8/31/2014
Perf: $6,762.93 Date: 7/31/2014
Perf: $6,502.82 Date: 6/30/2014
Perf: $6,593.81 Date: 5/31/2014
Perf: $6,460.09 Date: 4/30/2014
Perf: $6,311.76 Date: 3/31/2014
Perf: $6,265.40 Date: 2/28/2014
Perf: $6,213.20 Date: 1/31/2014
Perf: $5,941.67 Date: 12/31/2013
Perf: $6,154.62 Date: 11/30/2013
Perf: $6,002.75 Date: 10/31/2013
Perf: $5,825.09 Date: 9/30/2013
Perf: $5,568.92 Date: 8/31/2013
Perf: $5,399.38 Date: 7/31/2013
Perf: $5,560.63 Date: 6/30/2013
Perf: $5,291.31 Date: 5/31/2013
Perf: $5,363.17 Date: 4/30/2013
Perf: $5,240.54 Date: 3/31/2013
Perf: $5,141.32 Date: 2/28/2013
Perf: $4,955.49 Date: 1/31/2013
Perf: $4,889.00 Date: 12/31/2012
Perf: $4,648.22 Date: 11/30/2012
Perf: $4,606.30 Date: 10/31/2012
Perf: $4,579.74 Date: 9/30/2012
Perf: $4,666.06 Date: 8/31/2012
Perf: $4,548.70 Date: 7/31/2012
Perf: $4,448.61 Date: 6/30/2012
Perf: $4,387.62 Date: 5/31/2012
Perf: $4,214.00 Date: 4/30/2012
Perf: $4,483.46 Date: 3/31/2012
Perf: $4,511.89 Date: 2/29/2012
Perf: $4,368.17 Date: 1/31/2012
Perf: $4,187.28 Date: 12/31/2011
Perf: $4,007.74 Date: 11/30/2011
Perf: $3,967.27 Date: 10/31/2011
Perf: $3,976.02 Date: 9/30/2011
Perf: $3,584.26 Date: 8/31/2011
Perf: $3,855.28 Date: 7/31/2011
Perf: $4,076.65 Date: 6/30/2011
Perf: $4,161.12 Date: 5/31/2011
Perf: $4,231.79 Date: 4/30/2011
Perf: $4,280.15 Date: 3/31/2011
Perf: $4,157.10 Date: 2/28/2011
Perf: $4,155.44 Date: 1/31/2011
Perf: $4,017.64 Date: 12/31/2010
Perf: $3,924.62 Date: 11/30/2010
Perf: $3,678.87 Date: 10/31/2010
Perf: $3,678.51 Date: 9/30/2010
Perf: $3,543.50 Date: 8/31/2010
Perf: $3,253.30 Date: 7/31/2010
Perf: $3,406.96 Date: 6/30/2010
Perf: $3,183.77 Date: 5/31/2010
Perf: $3,359.48 Date: 4/30/2010
Perf: $3,651.21 Date: 3/31/2010
Perf: $3,594.41 Date: 2/28/2010
Perf: $3,390.00 Date: 1/31/2010
Perf: $3,288.07 Date: 12/31/2009
Perf: $3,410.86 Date: 11/30/2009
Perf: $3,346.28 Date: 10/31/2009
Perf: $3,156.86 Date: 9/30/2009
Perf: $3,216.69 Date: 8/31/2009
Perf: $3,101.03 Date: 7/31/2009
Perf: $2,992.98 Date: 6/30/2009
Perf: $2,782.61 Date: 5/31/2009
Perf: $2,777.06 Date: 4/30/2009
Perf: $2,630.04 Date: 3/31/2009
Perf: $2,400.33 Date: 2/28/2009
Perf: $2,207.00 Date: 1/31/2009
Perf: $2,470.06 Date: 12/31/2008
Perf: $2,697.45 Date: 11/30/2008
Perf: $2,669.16 Date: 10/31/2008
Perf: $2,875.63 Date: 9/30/2008
Perf: $3,455.87 Date: 8/31/2008
Perf: $3,793.91 Date: 7/31/2008
Perf: $3,739.68 Date: 6/30/2008
Perf: $3,771.36 Date: 5/31/2008
Perf: $4,118.56 Date: 4/30/2008
Perf: $4,065.70 Date: 3/31/2008
Perf: $3,876.90 Date: 2/29/2008
Perf: $3,893.64 Date: 1/31/2008
Perf: $4,024.43 Date: 12/31/2007
Perf: $4,281.31 Date: 11/30/2007
Perf: $4,311.06 Date: 10/31/2007
Perf: $4,499.12 Date: 9/30/2007
Perf: $4,428.71 Date: 8/31/2007
Perf: $4,269.04 Date: 7/31/2007
Perf: $4,205.95 Date: 6/30/2007
Perf: $4,340.51 Date: 5/31/2007
Perf: $4,413.78 Date: 4/30/2007
Perf: $4,264.93 Date: 3/31/2007
Perf: $4,084.01 Date: 2/28/2007
Perf: $4,038.78 Date: 1/31/2007
Perf: $4,119.52 Date: 12/31/2006
Perf: $4,058.24 Date: 11/30/2006
Perf: $4,002.21 Date: 10/31/2006
Perf: $3,927.58 Date: 9/30/2006
Perf: $3,803.59 Date: 8/31/2006
Perf: $3,707.92 Date: 7/31/2006
Perf: $3,621.73 Date: 6/30/2006
Perf: $3,599.41 Date: 5/31/2006
Perf: $3,594.38 Date: 4/30/2006
Perf: $3,700.97 Date: 3/31/2006
Perf: $3,652.03 Date: 2/28/2006
Perf: $3,607.30 Date: 1/31/2006
Perf: $3,597.58 Date: 12/31/2005
Perf: $3,504.71 Date: 11/30/2005
Perf: $3,503.66 Date: 10/31/2005
Perf: $3,376.04 Date: 9/30/2005
Perf: $3,433.38 Date: 8/31/2005
Perf: $3,405.79 Date: 7/31/2005
Perf: $3,437.07 Date: 6/30/2005
Perf: $3,313.80 Date: 5/31/2005
Perf: $3,309.17 Date: 4/30/2005
Perf: $3,207.18 Date: 3/31/2005
Perf: $3,269.29 Date: 2/28/2005
Perf: $3,328.20 Date: 1/31/2005
Perf: $3,259.75 Date: 12/31/2004
Perf: $3,341.28 Date: 11/30/2004
Perf: $3,231.41 Date: 10/31/2004
Perf: $3,105.63 Date: 9/30/2004
Perf: $3,058.83 Date: 8/31/2004
Perf: $3,026.15 Date: 7/31/2004
Perf: $3,014.09 Date: 6/30/2004
Perf: $3,117.27 Date: 5/31/2004
Perf: $3,057.95 Date: 4/30/2004
Perf: $3,016.62 Date: 3/31/2004
Perf: $3,064.74 Date: 2/29/2004
Perf: $3,111.72 Date: 1/31/2004
Perf: $3,069.06 Date: 12/31/2003
Perf: $3,013.61 Date: 11/30/2003
Perf: $2,863.56 Date: 10/31/2003
Perf: $2,838.58 Date: 9/30/2003
Perf: $2,686.53 Date: 8/31/2003
Perf: $2,715.31 Date: 7/31/2003
Perf: $2,663.37 Date: 6/30/2003
Perf: $2,617.31 Date: 5/31/2003
Perf: $2,584.23 Date: 4/30/2003
Perf: $2,454.86 Date: 3/31/2003
Perf: $2,267.98 Date: 2/28/2003
Perf: $2,246.19 Date: 1/31/2003
Perf: $2,280.40 Date: 12/31/2002
Perf: $2,341.75 Date: 11/30/2002
Perf: $2,487.78 Date: 10/31/2002
Perf: $2,349.40 Date: 9/30/2002
Perf: $2,159.38 Date: 8/31/2002
Perf: $2,422.73 Date: 7/31/2002
Perf: $2,406.84 Date: 6/30/2002
Perf: $2,610.46 Date: 5/31/2002
Perf: $2,810.57 Date: 4/30/2002
Perf: $2,831.52 Date: 3/31/2002
Perf: $3,014.18 Date: 2/28/2002
Perf: $2,904.96 Date: 1/31/2002
Perf: $2,962.13 Date: 12/31/2001
Perf: $3,006.01 Date: 11/30/2001
Perf: $2,979.79 Date: 10/31/2001
Perf: $2,767.52 Date: 9/30/2001
Perf: $2,715.65 Date: 8/31/2001
Perf: $2,954.37 Date: 7/31/2001
Perf: $3,151.66 Date: 6/30/2001
Perf: $3,182.85 Date: 5/31/2001
Perf: $3,262.12 Date: 4/30/2001
Perf: $3,240.41 Date: 3/31/2001
Perf: $3,006.78 Date: 2/28/2001
Perf: $3,210.32 Date: 1/31/2001
Perf: $3,532.48 Date: 12/31/2000
Perf: $3,411.38 Date: 11/30/2000
Perf: $3,394.74 Date: 10/31/2000
Perf: $3,685.13 Date: 9/30/2000
Perf: $3,700.67 Date: 8/31/2000
Perf: $3,906.96 Date: 7/31/2000
Perf: $3,678.52 Date: 6/30/2000
Perf: $3,736.82 Date: 5/31/2000
Perf: $3,646.74 Date: 4/30/2000
Perf: $3,723.07 Date: 3/31/2000
Perf: $3,838.61 Date: 2/29/2000
Perf: $3,496.64 Date: 1/31/2000
Perf: $3,564.00 Date: 12/31/1999
Perf: $3,752.37 Date: 11/30/1999
Perf: $3,543.65 Date: 10/31/1999
Perf: $3,473.14 Date: 9/30/1999
Perf: $3,266.38 Date: 8/31/1999
Perf: $3,358.40 Date: 7/31/1999
Perf: $3,374.94 Date: 6/30/1999
Perf: $3,483.63 Date: 5/31/1999
Perf: $3,300.45 Date: 4/30/1999
Perf: $3,380.22 Date: 3/31/1999
Perf: $3,254.28 Date: 2/28/1999
Perf: $3,129.12 Date: 1/31/1999
Perf: $3,229.56 Date: 12/31/1998
Perf: $3,099.98 Date: 11/30/1998
Perf: $2,931.14 Date: 10/31/1998
Perf: $2,763.67 Date: 9/30/1998
Perf: $2,555.87 Date: 8/31/1998
Perf: $2,401.91 Date: 7/31/1998
Perf: $2,807.94 Date: 6/30/1998
Perf: $2,838.02 Date: 5/31/1998
Perf: $2,727.29 Date: 4/30/1998
Perf: $2,775.02 Date: 3/31/1998
Perf: $2,747.28 Date: 2/28/1998
Perf: $2,613.47 Date: 1/31/1998
Perf: $2,437.71 Date: 12/31/1997
Perf: $2,410.95 Date: 11/30/1997
Perf: $2,370.18 Date: 10/31/1997
Perf: $2,265.30 Date: 9/30/1997
Perf: $2,343.57 Date: 8/31/1997
Perf: $2,221.82 Date: 7/31/1997
Perf: $2,353.62 Date: 6/30/1997
Perf: $2,180.08 Date: 5/31/1997
Perf: $2,086.60 Date: 4/30/1997
Perf: $1,966.83 Date: 3/31/1997
Perf: $1,856.02 Date: 2/28/1997
Perf: $1,935.57 Date: 1/31/1997
Perf: $1,920.59 Date: 12/31/1996
Perf: $1,807.62 Date: 11/30/1996
Perf: $1,844.13 Date: 10/31/1996
Perf: $1,714.51 Date: 9/30/1996
Perf: $1,668.46 Date: 8/31/1996
Perf: $1,579.54 Date: 7/31/1996
Perf: $1,546.90 Date: 6/30/1996
Perf: $1,618.43 Date: 5/31/1996
Perf: $1,612.30 Date: 4/30/1996
Perf: $1,571.75 Date: 3/31/1996
Perf: $1,548.98 Date: 2/29/1996
Perf: $1,534.25 Date: 1/31/1996
Perf: $1,520.12 Date: 12/31/1995
Perf: $1,470.13 Date: 11/30/1995
Perf: $1,442.30 Date: 10/31/1995
Perf: $1,381.64 Date: 9/30/1995
Perf: $1,386.63 Date: 8/31/1995
Perf: $1,330.49 Date: 7/31/1995
Perf: $1,327.17 Date: 6/30/1995
Perf: $1,284.52 Date: 5/31/1995
Perf: $1,255.40 Date: 4/30/1995
Perf: $1,207.11 Date: 3/31/1995
Perf: $1,172.64 Date: 2/28/1995
Perf: $1,139.04 Date: 1/31/1995
Perf: $1,096.28 Date: 12/31/1994
Perf: $1,068.60 Date: 11/30/1994
Perf: $1,053.02 Date: 10/31/1994
Perf: $1,092.80 Date: 9/30/1994
Perf: $1,068.75 Date: 8/31/1994
Perf: $1,095.59 Date: 7/31/1994
Perf: $1,052.44 Date: 6/30/1994
Perf: $1,019.02 Date: 5/31/1994
Perf: $1,044.61 Date: 4/30/1994
Perf: $1,027.76 Date: 3/31/1994
Perf: $1,014.77 Date: 2/28/1994
Perf: $1,061.03 Date: 1/31/1994
Perf: $1,090.58 Date: 12/31/1993
Perf: $1,054.72 Date: 11/30/1993
Perf: $1,042.11 Date: 10/31/1993
Perf: $1,052.11 Date: 9/30/1993
Perf: $1,030.77 Date: 8/31/1993
Perf: $1,038.77 Date: 7/31/1993
Perf: $1,000.84 Date: 6/30/1993
Perf: $1,004.86 Date: 5/31/1993
Perf: $1,001.95 Date: 4/30/1993
Perf: $975.80 Date: 3/31/1993
Perf: $1,000.00 Date: 2/28/2017
Perf: $37,765.12 Date: 1/31/2017
Perf: $38,575.20 Date: 12/31/2016
Perf: $37,826.24 Date: 11/30/2016
Perf: $38,192.89 Date: 10/31/2016
Perf: $36,962.05 Date: 9/30/2016
Perf: $37,185.16 Date: 8/31/2016
Perf: $37,835.94 Date: 7/31/2016
Perf: $40,345.43 Date: 6/30/2016
Perf: $40,341.39 Date: 5/31/2016
Perf: $38,748.82 Date: 4/30/2016
Perf: $38,433.66 Date: 3/31/2016
Perf: $36,361.08 Date: 2/29/2016
Perf: $37,281.94 Date: 1/31/2016
Perf: $35,371.86 Date: 12/31/2015
Perf: $34,855.99 Date: 11/30/2015
Perf: $35,658.31 Date: 10/31/2015
Perf: $34,842.98 Date: 9/30/2015
Perf: $36,515.39 Date: 8/31/2015
Perf: $35,704.88 Date: 7/31/2015
Perf: $33,372.17 Date: 6/30/2015
Perf: $31,971.80 Date: 5/31/2015
Perf: $35,168.63 Date: 4/30/2015
Perf: $35,214.41 Date: 3/31/2015
Perf: $36,620.65 Date: 2/28/2015
Perf: $36,416.71 Date: 1/31/2015
Perf: $38,001.37 Date: 12/31/2014
Perf: $34,694.94 Date: 11/30/2014
Perf: $31,563.81 Date: 10/31/2014
Perf: $29,228.46 Date: 9/30/2014
Perf: $33,511.19 Date: 8/31/2014
Perf: $28,811.96 Date: 7/31/2014
Perf: $28,153.17 Date: 6/30/2014
Perf: $24,605.11 Date: 5/31/2014
Perf: $23,934.94 Date: 4/30/2014
Perf: $24,715.96 Date: 3/31/2014
Perf: $23,454.13 Date: 2/28/2014
Perf: $23,335.12 Date: 1/31/2014
Perf: $22,828.33 Date: 12/31/2013
Perf: $23,119.64 Date: 11/30/2013
Perf: $22,825.19 Date: 10/31/2013
Perf: $22,850.33 Date: 9/30/2013
Perf: $22,875.49 Date: 8/31/2013
Perf: $24,041.50 Date: 7/31/2013
Perf: $24,726.43 Date: 6/30/2013
Perf: $25,295.58 Date: 5/31/2013
Perf: $25,422.69 Date: 4/30/2013
Perf: $25,273.58 Date: 3/31/2013
Perf: $26,087.51 Date: 2/28/2013
Perf: $26,126.70 Date: 1/31/2013
Perf: $27,441.13 Date: 12/31/2012
Perf: $27,059.59 Date: 11/30/2012
Perf: $27,102.95 Date: 10/31/2012
Perf: $28,053.98 Date: 9/30/2012
Perf: $29,762.34 Date: 8/31/2012
Perf: $30,388.34 Date: 7/31/2012
Perf: $30,022.07 Date: 6/30/2012
Perf: $24,776.82 Date: 5/31/2012
Perf: $24,953.99 Date: 4/30/2012
Perf: $25,114.73 Date: 3/31/2012
Perf: $24,866.06 Date: 2/29/2012
Perf: $26,293.82 Date: 1/31/2012
Perf: $26,176.03 Date: 12/31/2011
Perf: $26,784.02 Date: 11/30/2011
Perf: $26,899.69 Date: 10/31/2011
Perf: $28,853.04 Date: 9/30/2011
Perf: $32,245.24 Date: 8/31/2011
Perf: $31,982.98 Date: 7/31/2011
Perf: $30,961.26 Date: 6/30/2011
Perf: $30,597.16 Date: 5/31/2011
Perf: $33,052.99 Date: 4/30/2011
Perf: $39,028.21 Date: 3/31/2011
Perf: $34,377.00 Date: 2/28/2011
Perf: $37,248.89 Date: 1/31/2011
Perf: $34,032.79 Date: 12/31/2010
Perf: $37,149.65 Date: 11/30/2010
Perf: $33,604.39 Date: 10/31/2010
Perf: $30,764.80 Date: 9/30/2010
Perf: $26,012.34 Date: 8/31/2010
Perf: $21,680.56 Date: 7/31/2010
Perf: $22,501.88 Date: 6/30/2010
Perf: $22,624.05 Date: 5/31/2010
Perf: $21,914.04 Date: 4/30/2010
Perf: $22,452.91 Date: 3/31/2010
Perf: $21,956.69 Date: 2/28/2010
Perf: $20,935.06 Date: 1/31/2010
Perf: $21,633.83 Date: 12/31/2009
Perf: $21,992.30 Date: 11/30/2009
Perf: $22,436.55 Date: 10/31/2009
Perf: $20,311.92 Date: 9/30/2009
Perf: $20,619.15 Date: 8/31/2009
Perf: $21,037.80 Date: 7/31/2009
Perf: $19,074.98 Date: 6/30/2009
Perf: $18,109.73 Date: 5/31/2009
Perf: $18,747.14 Date: 4/30/2009
Perf: $16,207.43 Date: 3/31/2009
Perf: $16,648.62 Date: 2/28/2009
Perf: $18,173.37 Date: 1/31/2009
Perf: $18,379.21 Date: 12/31/2008
Perf: $18,324.24 Date: 11/30/2008
Perf: $17,968.46 Date: 10/31/2008
Perf: $17,723.87 Date: 9/30/2008
Perf: $13,997.69 Date: 8/31/2008
Perf: $14,160.54 Date: 7/31/2008
Perf: $14,396.64 Date: 6/30/2008
Perf: $16,415.78 Date: 5/31/2008
Perf: $15,373.46 Date: 4/30/2008
Perf: $15,064.64 Date: 3/31/2008
Perf: $15,043.58 Date: 2/29/2008
Perf: $16,207.26 Date: 1/31/2008
Perf: $13,351.39 Date: 12/31/2007
Perf: $12,352.11 Date: 11/30/2007
Perf: $12,120.60 Date: 10/31/2007
Perf: $13,106.19 Date: 9/30/2007
Perf: $12,639.78 Date: 8/31/2007
Perf: $10,029.18 Date: 7/31/2007
Perf: $11,204.54 Date: 6/30/2007
Perf: $11,393.68 Date: 5/31/2007
Perf: $10,672.23 Date: 4/30/2007
Perf: $10,737.73 Date: 3/31/2007
Perf: $9,889.24 Date: 2/28/2007
Perf: $10,650.77 Date: 1/31/2007
Perf: $10,832.76 Date: 12/31/2006
Perf: $11,564.81 Date: 11/30/2006
Perf: $12,020.38 Date: 10/31/2006
Perf: $11,127.92 Date: 9/30/2006
Perf: $11,159.17 Date: 8/31/2006
Perf: $11,642.32 Date: 7/31/2006
Perf: $11,138.85 Date: 6/30/2006
Perf: $12,384.76 Date: 5/31/2006
Perf: $12,716.66 Date: 4/30/2006
Perf: $12,590.75 Date: 3/31/2006
Perf: $10,870.03 Date: 2/28/2006
Perf: $10,164.60 Date: 1/31/2006
Perf: $10,824.92 Date: 12/31/2005
Perf: $9,306.96 Date: 11/30/2005
Perf: $8,845.24 Date: 10/31/2005
Perf: $8,104.49 Date: 9/30/2005
Perf: $8,443.05 Date: 8/31/2005
Perf: $8,383.53 Date: 7/31/2005
Perf: $7,842.40 Date: 6/30/2005
Perf: $8,152.19 Date: 5/31/2005
Perf: $8,190.68 Date: 4/30/2005
Perf: $7,863.56 Date: 3/31/2005
Perf: $8,109.27 Date: 2/28/2005
Perf: $8,427.84 Date: 1/31/2005
Perf: $8,334.50 Date: 12/31/2004
Perf: $8,699.89 Date: 11/30/2004
Perf: $8,666.09 Date: 10/31/2004
Perf: $7,686.12 Date: 9/30/2004
Perf: $7,390.50 Date: 8/31/2004
Perf: $6,973.48 Date: 7/31/2004
Perf: $7,201.78 Date: 6/30/2004
Perf: $6,762.87 Date: 5/31/2004
Perf: $7,296.22 Date: 4/30/2004
Perf: $7,916.05 Date: 3/31/2004
Perf: $9,765.66 Date: 2/29/2004
Perf: $9,627.04 Date: 1/31/2004
Perf: $8,416.71 Date: 12/31/2003
Perf: $8,053.50 Date: 11/30/2003
Perf: $7,544.26 Date: 10/31/2003
Perf: $7,701.37 Date: 9/30/2003
Perf: $6,834.12 Date: 8/31/2003
Perf: $6,719.22 Date: 7/31/2003
Perf: $6,696.45 Date: 6/30/2003
Perf: $7,200.49 Date: 5/31/2003
Perf: $7,694.47 Date: 4/30/2003
Perf: $7,251.41 Date: 3/31/2003
Perf: $6,951.79 Date: 2/28/2003
Perf: $7,508.14 Date: 1/31/2003
Perf: $6,883.15 Date: 12/31/2002
Perf: $6,230.79 Date: 11/30/2002
Perf: $5,686.06 Date: 10/31/2002
Perf: $5,559.86 Date: 9/30/2002
Perf: $5,732.40 Date: 8/31/2002
Perf: $5,533.74 Date: 7/31/2002
Perf: $5,296.46 Date: 6/30/2002
Perf: $5,109.94 Date: 5/31/2002
Perf: $4,654.71 Date: 4/30/2002
Perf: $4,238.49 Date: 3/31/2002
Perf: $4,394.50 Date: 2/28/2002
Perf: $4,413.48 Date: 1/31/2002
Perf: $4,374.11 Date: 12/31/2001
Perf: $4,629.67 Date: 11/30/2001
Perf: $4,559.00 Date: 10/31/2001
Perf: $5,044.26 Date: 9/30/2001
Perf: $4,665.00 Date: 8/31/2001
Perf: $4,430.62 Date: 7/31/2001
Perf: $4,344.17 Date: 6/30/2001
Perf: $4,495.67 Date: 5/31/2001
Perf: $4,339.03 Date: 4/30/2001
Perf: $4,211.02 Date: 3/31/2001
Perf: $4,564.29 Date: 2/28/2001
Perf: $4,007.63 Date: 1/31/2001
Perf: $3,911.41 Date: 12/31/2000
Perf: $3,982.70 Date: 11/30/2000
Perf: $3,665.96 Date: 10/31/2000
Perf: $3,342.72 Date: 9/30/2000
Perf: $3,196.64 Date: 8/31/2000
Perf: $3,229.25 Date: 7/31/2000
Perf: $3,121.26 Date: 6/30/2000
Perf: $3,159.17 Date: 5/31/2000
Perf: $3,276.80 Date: 4/30/2000
Perf: $3,023.72 Date: 3/31/2000
Perf: $2,983.74 Date: 2/29/2000
Perf: $3,109.68 Date: 1/31/2000
Perf: $3,115.29 Date: 12/31/1999
Perf: $3,000.66 Date: 11/30/1999
Perf: $2,907.34 Date: 10/31/1999
Perf: $2,826.77 Date: 9/30/1999
Perf: $3,245.81 Date: 8/31/1999
Perf: $3,101.29 Date: 7/31/1999
Perf: $3,026.83 Date: 6/30/1999
Perf: $3,004.29 Date: 5/31/1999
Perf: $3,055.94 Date: 4/30/1999
Perf: $3,338.36 Date: 3/31/1999
Perf: $3,213.06 Date: 2/28/1999
Perf: $3,472.07 Date: 1/31/1999
Perf: $3,409.34 Date: 12/31/1998
Perf: $3,760.58 Date: 11/30/1998
Perf: $3,458.32 Date: 10/31/1998
Perf: $3,646.09 Date: 9/30/1998
Perf: $3,707.64 Date: 8/31/1998
Perf: $3,764.49 Date: 7/31/1998
Perf: $3,234.93 Date: 6/30/1998
Perf: $3,262.33 Date: 5/31/1998
Perf: $3,116.78 Date: 4/30/1998
Perf: $3,018.09 Date: 3/31/1998
Perf: $3,129.17 Date: 2/28/1998
Perf: $3,183.94 Date: 1/31/1998
Perf: $3,294.64 Date: 12/31/1997
Perf: $3,329.26 Date: 11/30/1997
Perf: $3,203.37 Date: 10/31/1997
Perf: $3,199.21 Date: 9/30/1997
Perf: $3,266.16 Date: 8/31/1997
Perf: $3,139.64 Date: 7/31/1997
Perf: $3,022.95 Date: 6/30/1997
Perf: $2,693.29 Date: 5/31/1997
Perf: $2,971.42 Date: 4/30/1997
Perf: $2,781.18 Date: 3/31/1997
Perf: $2,923.25 Date: 2/28/1997
Perf: $2,972.90 Date: 1/31/1997
Perf: $2,739.75 Date: 12/31/1996
Perf: $2,510.77 Date: 11/30/1996
Perf: $2,680.44 Date: 10/31/1996
Perf: $2,460.02 Date: 9/30/1996
Perf: $2,266.67 Date: 8/31/1996
Perf: $2,111.48 Date: 7/31/1996
Perf: $2,026.96 Date: 6/30/1996
Perf: $2,165.09 Date: 5/31/1996
Perf: $2,153.89 Date: 4/30/1996
Perf: $2,270.84 Date: 3/31/1996
Perf: $1,800.25 Date: 2/29/1996
Perf: $1,725.20 Date: 1/31/1996
Perf: $1,783.89 Date: 12/31/1995
Perf: $1,914.87 Date: 11/30/1995
Perf: $1,516.37 Date: 10/31/1995
Perf: $1,440.73 Date: 9/30/1995
Perf: $1,417.76 Date: 8/31/1995
Perf: $1,451.59 Date: 7/31/1995
Perf: $1,520.46 Date: 6/30/1995
Perf: $1,616.48 Date: 5/31/1995
Perf: $1,611.16 Date: 4/30/1995
Perf: $1,449.28 Date: 3/31/1995
Perf: $1,376.07 Date: 2/28/1995
Perf: $1,219.06 Date: 1/31/1995
Perf: $1,199.62 Date: 12/31/1994
Perf: $1,275.11 Date: 11/30/1994
Perf: $1,240.62 Date: 10/31/1994
Perf: $1,100.72 Date: 9/30/1994
Perf: $1,071.78 Date: 8/31/1994
Perf: $1,035.74 Date: 7/31/1994
Perf: $1,097.65 Date: 6/30/1994
Perf: $1,138.52 Date: 5/31/1994
Perf: $1,108.69 Date: 4/30/1994
Perf: $1,022.22 Date: 3/31/1994
Perf: $1,019.87 Date: 2/28/1994
Perf: $1,011.47 Date: 1/31/1994
Perf: $1,144.72 Date: 12/31/1993
Perf: $1,279.73 Date: 11/30/1993
Perf: $1,236.57 Date: 10/31/1993
Perf: $1,187.53 Date: 9/30/1993
Perf: $1,230.98 Date: 8/31/1993
Perf: $1,312.63 Date: 7/31/1993
Perf: $1,252.03 Date: 6/30/1993
Perf: $1,106.43 Date: 5/31/1993
Perf: $1,073.16 Date: 4/30/1993
Perf: $1,017.50 Date: 3/31/1993
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 03/93 - 02/17
Date: 2/28/2017
Return: -2.10 % Date: 1/31/2017
Return: 1.98 % Date: 12/31/2016
Return: -0.96 % Date: 11/30/2016
Return: 3.33 % Date: 10/31/2016
Return: -0.60 % Date: 9/30/2016
Return: -1.72 % Date: 8/31/2016
Return: -6.22 % Date: 7/31/2016
Return: 0.01 % Date: 6/30/2016
Return: 4.11 % Date: 5/31/2016
Return: 0.82 % Date: 4/30/2016
Return: 5.70 % Date: 3/31/2016
Return: -2.47 % Date: 2/29/2016
Return: 5.40 % Date: 1/31/2016
Return: 1.48 % Date: 12/31/2015
Return: -2.25 % Date: 11/30/2015
Return: 2.34 % Date: 10/31/2015
Return: -4.58 % Date: 9/30/2015
Return: 2.27 % Date: 8/31/2015
Return: 6.99 % Date: 7/31/2015
Return: 4.38 % Date: 6/30/2015
Return: -9.09 % Date: 5/31/2015
Return: -0.13 % Date: 4/30/2015
Return: -3.84 % Date: 3/31/2015
Return: 0.56 % Date: 2/28/2015
Return: -4.17 % Date: 1/31/2015
Return: 9.53 % Date: 12/31/2014
Return: 9.92 % Date: 11/30/2014
Return: 7.99 % Date: 10/31/2014
Return: -12.78 % Date: 9/30/2014
Return: 16.31 % Date: 8/31/2014
Return: 2.34 % Date: 7/31/2014
Return: 14.42 % Date: 6/30/2014
Return: 2.80 % Date: 5/31/2014
Return: -3.16 % Date: 4/30/2014
Return: 5.38 % Date: 3/31/2014
Return: 0.51 % Date: 2/28/2014
Return: 2.22 % Date: 1/31/2014
Return: -1.26 % Date: 12/31/2013
Return: 1.29 % Date: 11/30/2013
Return: -0.11 % Date: 10/31/2013
Return: -0.11 % Date: 9/30/2013
Return: -4.85 % Date: 8/31/2013
Return: -2.77 % Date: 7/31/2013
Return: -2.25 % Date: 6/30/2013
Return: -0.50 % Date: 5/31/2013
Return: 0.59 % Date: 4/30/2013
Return: -3.12 % Date: 3/31/2013
Return: -0.15 % Date: 2/28/2013
Return: -4.79 % Date: 1/31/2013
Return: 1.41 % Date: 12/31/2012
Return: -0.16 % Date: 11/30/2012
Return: -3.39 % Date: 10/31/2012
Return: -5.74 % Date: 9/30/2012
Return: -2.06 % Date: 8/31/2012
Return: 1.22 % Date: 7/31/2012
Return: 21.17 % Date: 6/30/2012
Return: -0.71 % Date: 5/31/2012
Return: -0.64 % Date: 4/30/2012
Return: 1.00 % Date: 3/31/2012
Return: -5.43 % Date: 2/29/2012
Return: 0.45 % Date: 1/31/2012
Return: -2.27 % Date: 12/31/2011
Return: -0.43 % Date: 11/30/2011
Return: -6.77 % Date: 10/31/2011
Return: -10.52 % Date: 9/30/2011
Return: 0.82 % Date: 8/31/2011
Return: 3.30 % Date: 7/31/2011
Return: 1.19 % Date: 6/30/2011
Return: -7.43 % Date: 5/31/2011
Return: -15.31 % Date: 4/30/2011
Return: 13.53 % Date: 3/31/2011
Return: -7.71 % Date: 2/28/2011
Return: 9.45 % Date: 1/31/2011
Return: -8.39 % Date: 12/31/2010
Return: 10.55 % Date: 11/30/2010
Return: 9.23 % Date: 10/31/2010
Return: 18.27 % Date: 9/30/2010
Return: 19.98 % Date: 8/31/2010
Return: -3.65 % Date: 7/31/2010
Return: -0.54 % Date: 6/30/2010
Return: 3.24 % Date: 5/31/2010
Return: -2.40 % Date: 4/30/2010
Return: 2.26 % Date: 3/31/2010
Return: 4.88 % Date: 2/28/2010
Return: -3.23 % Date: 1/31/2010
Return: -1.63 % Date: 12/31/2009
Return: -1.98 % Date: 11/30/2009
Return: 10.46 % Date: 10/31/2009
Return: -1.49 % Date: 9/30/2009
Return: -1.99 % Date: 8/31/2009
Return: 10.29 % Date: 7/31/2009
Return: 5.33 % Date: 6/30/2009
Return: -3.40 % Date: 5/31/2009
Return: 15.67 % Date: 4/30/2009
Return: -2.65 % Date: 3/31/2009
Return: -8.39 % Date: 2/28/2009
Return: -1.12 % Date: 1/31/2009
Return: 0.30 % Date: 12/31/2008
Return: 1.98 % Date: 11/30/2008
Return: 1.38 % Date: 10/31/2008
Return: 26.62 % Date: 9/30/2008
Return: -1.15 % Date: 8/31/2008
Return: -1.64 % Date: 7/31/2008
Return: -12.30 % Date: 6/30/2008
Return: 6.78 % Date: 5/31/2008
Return: 2.05 % Date: 4/30/2008
Return: 0.14 % Date: 3/31/2008
Return: -7.18 % Date: 2/29/2008
Return: 21.39 % Date: 1/31/2008
Return: 8.09 % Date: 12/31/2007
Return: 1.91 % Date: 11/30/2007
Return: -7.52 % Date: 10/31/2007
Return: 3.69 % Date: 9/30/2007
Return: 26.03 % Date: 8/31/2007
Return: -10.49 % Date: 7/31/2007
Return: -1.66 % Date: 6/30/2007
Return: 6.76 % Date: 5/31/2007
Return: -0.61 % Date: 4/30/2007
Return: 8.58 % Date: 3/31/2007
Return: -7.15 % Date: 2/28/2007
Return: -1.68 % Date: 1/31/2007
Return: -6.33 % Date: 12/31/2006
Return: -3.79 % Date: 11/30/2006
Return: 8.02 % Date: 10/31/2006
Return: -0.28 % Date: 9/30/2006
Return: -4.15 % Date: 8/31/2006
Return: 4.52 % Date: 7/31/2006
Return: -10.06 % Date: 6/30/2006
Return: -2.61 % Date: 5/31/2006
Return: 1.00 % Date: 4/30/2006
Return: 15.83 % Date: 3/31/2006
Return: 6.94 % Date: 2/28/2006
Return: -6.10 % Date: 1/31/2006
Return: 16.31 % Date: 12/31/2005
Return: 5.22 % Date: 11/30/2005
Return: 9.14 % Date: 10/31/2005
Return: -4.01 % Date: 9/30/2005
Return: 0.71 % Date: 8/31/2005
Return: 6.90 % Date: 7/31/2005
Return: -3.80 % Date: 6/30/2005
Return: -0.47 % Date: 5/31/2005
Return: 4.16 % Date: 4/30/2005
Return: -3.03 % Date: 3/31/2005
Return: -3.78 % Date: 2/28/2005
Return: 1.12 % Date: 1/31/2005
Return: -4.20 % Date: 12/31/2004
Return: 0.39 % Date: 11/30/2004
Return: 12.75 % Date: 10/31/2004
Return: 4.00 % Date: 9/30/2004
Return: 5.98 % Date: 8/31/2004
Return: -3.17 % Date: 7/31/2004
Return: 6.49 % Date: 6/30/2004
Return: -7.31 % Date: 5/31/2004
Return: -7.83 % Date: 4/30/2004
Return: -18.94 % Date: 3/31/2004
Return: 1.44 % Date: 2/29/2004
Return: 14.38 % Date: 1/31/2004
Return: 4.51 % Date: 12/31/2003
Return: 6.75 % Date: 11/30/2003
Return: -2.04 % Date: 10/31/2003
Return: 12.69 % Date: 9/30/2003
Return: 1.71 % Date: 8/31/2003
Return: 0.34 % Date: 7/31/2003
Return: -7.00 % Date: 6/30/2003
Return: -6.42 % Date: 5/31/2003
Return: 6.11 % Date: 4/30/2003
Return: 4.31 % Date: 3/31/2003
Return: -7.41 % Date: 2/28/2003
Return: 9.08 % Date: 1/31/2003
Return: 10.47 % Date: 12/31/2002
Return: 9.58 % Date: 11/30/2002
Return: 2.27 % Date: 10/31/2002
Return: -3.01 % Date: 9/30/2002
Return: 3.59 % Date: 8/31/2002
Return: 4.48 % Date: 7/31/2002
Return: 3.65 % Date: 6/30/2002
Return: 9.78 % Date: 5/31/2002
Return: 9.82 % Date: 4/30/2002
Return: -3.55 % Date: 3/31/2002
Return: -0.43 % Date: 2/28/2002
Return: 0.90 % Date: 1/31/2002
Return: -5.52 % Date: 12/31/2001
Return: 1.55 % Date: 11/30/2001
Return: -9.62 % Date: 10/31/2001
Return: 8.13 % Date: 9/30/2001
Return: 5.29 % Date: 8/31/2001
Return: 1.99 % Date: 7/31/2001
Return: -3.37 % Date: 6/30/2001
Return: 3.61 % Date: 5/31/2001
Return: 3.04 % Date: 4/30/2001
Return: -7.74 % Date: 3/31/2001
Return: 13.89 % Date: 2/28/2001
Return: 2.46 % Date: 1/31/2001
Return: -1.79 % Date: 12/31/2000
Return: 8.64 % Date: 11/30/2000
Return: 9.67 % Date: 10/31/2000
Return: 4.57 % Date: 9/30/2000
Return: -1.01 % Date: 8/31/2000
Return: 3.46 % Date: 7/31/2000
Return: -1.20 % Date: 6/30/2000
Return: -3.59 % Date: 5/31/2000
Return: 8.37 % Date: 4/30/2000
Return: 1.34 % Date: 3/31/2000
Return: -4.05 % Date: 2/29/2000
Return: -0.18 % Date: 1/31/2000
Return: 3.82 % Date: 12/31/1999
Return: 3.21 % Date: 11/30/1999
Return: 2.85 % Date: 10/31/1999
Return: -12.91 % Date: 9/30/1999
Return: 4.66 % Date: 8/31/1999
Return: 2.46 % Date: 7/31/1999
Return: 0.75 % Date: 6/30/1999
Return: -1.69 % Date: 5/31/1999
Return: -8.46 % Date: 4/30/1999
Return: 3.90 % Date: 3/31/1999
Return: -7.46 % Date: 2/28/1999
Return: 1.84 % Date: 1/31/1999
Return: -9.34 % Date: 12/31/1998
Return: 8.74 % Date: 11/30/1998
Return: -5.15 % Date: 10/31/1998
Return: -1.66 % Date: 9/30/1998
Return: -1.51 % Date: 8/31/1998
Return: 16.37 % Date: 7/31/1998
Return: -0.84 % Date: 6/30/1998
Return: 4.67 % Date: 5/31/1998
Return: 3.27 % Date: 4/30/1998
Return: -3.55 % Date: 3/31/1998
Return: -1.72 % Date: 2/28/1998
Return: -3.36 % Date: 1/31/1998
Return: -1.04 % Date: 12/31/1997
Return: 3.93 % Date: 11/30/1997
Return: 0.13 % Date: 10/31/1997
Return: -2.05 % Date: 9/30/1997
Return: 4.03 % Date: 8/31/1997
Return: 3.86 % Date: 7/31/1997
Return: 12.24 % Date: 6/30/1997
Return: -9.36 % Date: 5/31/1997
Return: 6.84 % Date: 4/30/1997
Return: -4.86 % Date: 3/31/1997
Return: -1.67 % Date: 2/28/1997
Return: 8.51 % Date: 1/31/1997
Return: 9.12 % Date: 12/31/1996
Return: -6.33 % Date: 11/30/1996
Return: 8.96 % Date: 10/31/1996
Return: 8.53 % Date: 9/30/1996
Return: 7.35 % Date: 8/31/1996
Return: 4.17 % Date: 7/31/1996
Return: -6.38 % Date: 6/30/1996
Return: 0.52 % Date: 5/31/1996
Return: -5.15 % Date: 4/30/1996
Return: 26.14 % Date: 3/31/1996
Return: 4.35 % Date: 2/29/1996
Return: -3.29 % Date: 1/31/1996
Return: -6.84 % Date: 12/31/1995
Return: 26.28 % Date: 11/30/1995
Return: 5.25 % Date: 10/31/1995
Return: 1.62 % Date: 9/30/1995
Return: -2.33 % Date: 8/31/1995
Return: -4.53 % Date: 7/31/1995
Return: -5.94 % Date: 6/30/1995
Return: 0.33 % Date: 5/31/1995
Return: 11.17 % Date: 4/30/1995
Return: 5.32 % Date: 3/31/1995
Return: 12.88 % Date: 2/28/1995
Return: 1.62 % Date: 1/31/1995
Return: -5.92 % Date: 12/31/1994
Return: 2.78 % Date: 11/30/1994
Return: 12.71 % Date: 10/31/1994
Return: 2.70 % Date: 9/30/1994
Return: 3.48 % Date: 8/31/1994
Return: -5.64 % Date: 7/31/1994
Return: -3.59 % Date: 6/30/1994
Return: 2.69 % Date: 5/31/1994
Return: 8.46 % Date: 4/30/1994
Return: 0.23 % Date: 3/31/1994
Return: 0.83 % Date: 2/28/1994
Return: -11.64 % Date: 1/31/1994
Return: -10.55 % Date: 12/31/1993
Return: 3.49 % Date: 11/30/1993
Return: 4.13 % Date: 10/31/1993
Return: -3.53 % Date: 9/30/1993
Return: -6.22 % Date: 8/31/1993
Return: 4.84 % Date: 7/31/1993
Return: 13.16 % Date: 6/30/1993
Return: 3.10 % Date: 5/31/1993
Return: 5.47 % Date: 4/30/1993
Return: 1.75 % Date: 3/31/1993
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 03/93 - 02/17
Return: -15.00 %
Count: 1 Return: 18.00 %
Count: 1 Return: 20.00 %
Count: 1 Return: 27.00 %
Count: 1 Return: 21.00 %
Count: 2 Return: -19.00 %
Count: 1 Return: 6.00 %
Count: 4 Return: -10.00 %
Count: 3 Return: 14.00 %
Count: 4 Return: 10.00 %
Count: 9 Return: -13.00 %
Count: 2 Return: -8.00 %
Count: 7 Return: 16.00 %
Count: 5 Return: -1.00 %
Count: 15 Return: 12.00 %
Count: 1 Return: -9.00 %
Count: 3 Return: 9.00 %
Count: 11 Return: 7.00 %
Count: 8 Return: -3.00 %
Count: 14 Return: -7.00 %
Count: 9 Return: 26.00 %
Count: 3 Return: -2.00 %
Count: 23 Return: -5.00 %
Count: 8 Return: 11.00 %
Count: 2 Return: 8.00 %
Count: 6 Return: 1.00 %
Count: 21 Return: -12.00 %
Count: 2 Return: -11.00 %
Count: 2 Return: 4.00 %
Count: 18 Return: -4.00 %
Count: 15 Return: -6.00 %
Count: 12 Return: 13.00 %
Count: 5 Return: 3.00 %
Count: 15 Return: 5.00 %
Count: 15 Return: 2.00 %
Count: 19 Return: 0.00 %
Count: 20
Note: All performance data is since program inception.

Underwater Curve
Date Range: 03/93 - 02/17
Date: 2/28/2017
Drawdown: -6.40 % Date: 1/31/2017
Drawdown: -4.39 % Date: 12/31/2016
Drawdown: -6.24 % Date: 11/30/2016
Drawdown: -5.34 % Date: 10/31/2016
Drawdown: -8.39 % Date: 9/30/2016
Drawdown: -7.83 % Date: 8/31/2016
Drawdown: -6.22 % Date: 7/31/2016
Drawdown: 0.00 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: -0.72 % Date: 4/30/2016
Drawdown: -1.52 % Date: 3/31/2016
Drawdown: -6.83 % Date: 2/29/2016
Drawdown: -4.47 % Date: 1/31/2016
Drawdown: -9.37 % Date: 12/31/2015
Drawdown: -10.69 % Date: 11/30/2015
Drawdown: -8.63 % Date: 10/31/2015
Drawdown: -10.72 % Date: 9/30/2015
Drawdown: -6.44 % Date: 8/31/2015
Drawdown: -8.52 % Date: 7/31/2015
Drawdown: -14.49 % Date: 6/30/2015
Drawdown: -18.08 % Date: 5/31/2015
Drawdown: -9.89 % Date: 4/30/2015
Drawdown: -9.77 % Date: 3/31/2015
Drawdown: -6.17 % Date: 2/28/2015
Drawdown: -6.69 % Date: 1/31/2015
Drawdown: -2.63 % Date: 12/31/2014
Drawdown: -11.10 % Date: 11/30/2014
Drawdown: -19.13 % Date: 10/31/2014
Drawdown: -25.11 % Date: 9/30/2014
Drawdown: -14.14 % Date: 8/31/2014
Drawdown: -26.18 % Date: 7/31/2014
Drawdown: -27.86 % Date: 6/30/2014
Drawdown: -36.96 % Date: 5/31/2014
Drawdown: -38.67 % Date: 4/30/2014
Drawdown: -36.67 % Date: 3/31/2014
Drawdown: -39.90 % Date: 2/28/2014
Drawdown: -40.21 % Date: 1/31/2014
Drawdown: -41.51 % Date: 12/31/2013
Drawdown: -40.76 % Date: 11/30/2013
Drawdown: -41.52 % Date: 10/31/2013
Drawdown: -41.45 % Date: 9/30/2013
Drawdown: -41.39 % Date: 8/31/2013
Drawdown: -38.40 % Date: 7/31/2013
Drawdown: -36.64 % Date: 6/30/2013
Drawdown: -35.19 % Date: 5/31/2013
Drawdown: -34.86 % Date: 4/30/2013
Drawdown: -35.24 % Date: 3/31/2013
Drawdown: -33.16 % Date: 2/28/2013
Drawdown: -33.06 % Date: 1/31/2013
Drawdown: -29.69 % Date: 12/31/2012
Drawdown: -30.67 % Date: 11/30/2012
Drawdown: -30.56 % Date: 10/31/2012
Drawdown: -28.12 % Date: 9/30/2012
Drawdown: -23.74 % Date: 8/31/2012
Drawdown: -22.14 % Date: 7/31/2012
Drawdown: -23.08 % Date: 6/30/2012
Drawdown: -36.52 % Date: 5/31/2012
Drawdown: -36.06 % Date: 4/30/2012
Drawdown: -35.65 % Date: 3/31/2012
Drawdown: -36.29 % Date: 2/29/2012
Drawdown: -32.63 % Date: 1/31/2012
Drawdown: -32.93 % Date: 12/31/2011
Drawdown: -31.37 % Date: 11/30/2011
Drawdown: -31.08 % Date: 10/31/2011
Drawdown: -26.07 % Date: 9/30/2011
Drawdown: -17.38 % Date: 8/31/2011
Drawdown: -18.05 % Date: 7/31/2011
Drawdown: -20.67 % Date: 6/30/2011
Drawdown: -21.60 % Date: 5/31/2011
Drawdown: -15.31 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -7.71 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -8.39 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: 0.00 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: -4.17 % Date: 7/31/2010
Drawdown: -0.54 % Date: 6/30/2010
Drawdown: 0.00 % Date: 5/31/2010
Drawdown: -2.40 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: -2.14 % Date: 2/28/2010
Drawdown: -6.69 % Date: 1/31/2010
Drawdown: -3.58 % Date: 12/31/2009
Drawdown: -1.98 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: -3.45 % Date: 9/30/2009
Drawdown: -1.99 % Date: 8/31/2009
Drawdown: 0.00 % Date: 7/31/2009
Drawdown: 0.00 % Date: 6/30/2009
Drawdown: -3.40 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: -11.82 % Date: 3/31/2009
Drawdown: -9.42 % Date: 2/28/2009
Drawdown: -1.12 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: 0.00 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: -14.73 % Date: 8/31/2008
Drawdown: -13.74 % Date: 7/31/2008
Drawdown: -12.30 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -5.14 % Date: 4/30/2008
Drawdown: -7.05 % Date: 3/31/2008
Drawdown: -7.18 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: -5.75 % Date: 11/30/2007
Drawdown: -7.52 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: -0.60 % Date: 8/31/2007
Drawdown: -21.13 % Date: 7/31/2007
Drawdown: -11.89 % Date: 6/30/2007
Drawdown: -10.40 % Date: 5/31/2007
Drawdown: -16.08 % Date: 4/30/2007
Drawdown: -15.56 % Date: 3/31/2007
Drawdown: -22.23 % Date: 2/28/2007
Drawdown: -16.25 % Date: 1/31/2007
Drawdown: -14.81 % Date: 12/31/2006
Drawdown: -9.06 % Date: 11/30/2006
Drawdown: -5.48 % Date: 10/31/2006
Drawdown: -12.49 % Date: 9/30/2006
Drawdown: -12.25 % Date: 8/31/2006
Drawdown: -8.45 % Date: 7/31/2006
Drawdown: -12.41 % Date: 6/30/2006
Drawdown: -2.61 % Date: 5/31/2006
Drawdown: 0.00 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -6.10 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: -4.70 % Date: 11/30/2005
Drawdown: -9.43 % Date: 10/31/2005
Drawdown: -17.01 % Date: 9/30/2005
Drawdown: -13.54 % Date: 8/31/2005
Drawdown: -14.15 % Date: 7/31/2005
Drawdown: -19.69 % Date: 6/30/2005
Drawdown: -16.52 % Date: 5/31/2005
Drawdown: -16.13 % Date: 4/30/2005
Drawdown: -19.48 % Date: 3/31/2005
Drawdown: -16.96 % Date: 2/28/2005
Drawdown: -13.70 % Date: 1/31/2005
Drawdown: -14.66 % Date: 12/31/2004
Drawdown: -10.91 % Date: 11/30/2004
Drawdown: -11.26 % Date: 10/31/2004
Drawdown: -21.29 % Date: 9/30/2004
Drawdown: -24.32 % Date: 8/31/2004
Drawdown: -28.59 % Date: 7/31/2004
Drawdown: -26.25 % Date: 6/30/2004
Drawdown: -30.75 % Date: 5/31/2004
Drawdown: -25.29 % Date: 4/30/2004
Drawdown: -18.94 % Date: 3/31/2004
Drawdown: 0.00 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: 0.00 % Date: 12/31/2003
Drawdown: 0.00 % Date: 11/30/2003
Drawdown: -2.04 % Date: 10/31/2003
Drawdown: 0.00 % Date: 9/30/2003
Drawdown: -11.18 % Date: 8/31/2003
Drawdown: -12.67 % Date: 7/31/2003
Drawdown: -12.97 % Date: 6/30/2003
Drawdown: -6.42 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: -3.42 % Date: 3/31/2003
Drawdown: -7.41 % 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: -0.81 % Date: 10/31/2002
Drawdown: -3.01 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: 0.00 % Date: 7/31/2002
Drawdown: 0.00 % Date: 6/30/2002
Drawdown: 0.00 % Date: 5/31/2002
Drawdown: -7.72 % Date: 4/30/2002
Drawdown: -15.97 % Date: 3/31/2002
Drawdown: -12.88 % Date: 2/28/2002
Drawdown: -12.50 % Date: 1/31/2002
Drawdown: -13.29 % Date: 12/31/2001
Drawdown: -8.22 % Date: 11/30/2001
Drawdown: -9.62 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: -2.93 % Date: 7/31/2001
Drawdown: -4.82 % Date: 6/30/2001
Drawdown: -1.50 % Date: 5/31/2001
Drawdown: -4.94 % Date: 4/30/2001
Drawdown: -7.74 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: 0.00 % Date: 1/31/2001
Drawdown: -1.79 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: -2.62 % Date: 10/31/2000
Drawdown: -11.20 % Date: 9/30/2000
Drawdown: -15.08 % Date: 8/31/2000
Drawdown: -14.22 % Date: 7/31/2000
Drawdown: -17.09 % Date: 6/30/2000
Drawdown: -16.08 % Date: 5/31/2000
Drawdown: -12.95 % Date: 4/30/2000
Drawdown: -19.68 % Date: 3/31/2000
Drawdown: -20.74 % Date: 2/29/2000
Drawdown: -17.39 % Date: 1/31/2000
Drawdown: -17.25 % Date: 12/31/1999
Drawdown: -20.29 % Date: 11/30/1999
Drawdown: -22.77 % Date: 10/31/1999
Drawdown: -24.91 % Date: 9/30/1999
Drawdown: -13.78 % Date: 8/31/1999
Drawdown: -17.62 % Date: 7/31/1999
Drawdown: -19.60 % Date: 6/30/1999
Drawdown: -20.19 % Date: 5/31/1999
Drawdown: -18.82 % Date: 4/30/1999
Drawdown: -11.32 % Date: 3/31/1999
Drawdown: -14.65 % Date: 2/28/1999
Drawdown: -7.77 % Date: 1/31/1999
Drawdown: -9.43 % Date: 12/31/1998
Drawdown: -0.10 % Date: 11/30/1998
Drawdown: -8.13 % Date: 10/31/1998
Drawdown: -3.14 % Date: 9/30/1998
Drawdown: -1.51 % Date: 8/31/1998
Drawdown: 0.00 % Date: 7/31/1998
Drawdown: -2.83 % Date: 6/30/1998
Drawdown: -2.01 % Date: 5/31/1998
Drawdown: -6.38 % Date: 4/30/1998
Drawdown: -9.35 % Date: 3/31/1998
Drawdown: -6.01 % Date: 2/28/1998
Drawdown: -4.37 % Date: 1/31/1998
Drawdown: -1.04 % Date: 12/31/1997
Drawdown: 0.00 % Date: 11/30/1997
Drawdown: -1.92 % Date: 10/31/1997
Drawdown: -2.05 % Date: 9/30/1997
Drawdown: 0.00 % Date: 8/31/1997
Drawdown: 0.00 % Date: 7/31/1997
Drawdown: 0.00 % Date: 6/30/1997
Drawdown: -9.41 % Date: 5/31/1997
Drawdown: -0.05 % Date: 4/30/1997
Drawdown: -6.45 % Date: 3/31/1997
Drawdown: -1.67 % Date: 2/28/1997
Drawdown: 0.00 % Date: 1/31/1997
Drawdown: 0.00 % Date: 12/31/1996
Drawdown: -6.33 % Date: 11/30/1996
Drawdown: 0.00 % Date: 10/31/1996
Drawdown: 0.00 % Date: 9/30/1996
Drawdown: -0.18 % Date: 8/31/1996
Drawdown: -7.02 % Date: 7/31/1996
Drawdown: -10.74 % Date: 6/30/1996
Drawdown: -4.66 % Date: 5/31/1996
Drawdown: -5.15 % Date: 4/30/1996
Drawdown: 0.00 % Date: 3/31/1996
Drawdown: -5.99 % Date: 2/29/1996
Drawdown: -9.90 % Date: 1/31/1996
Drawdown: -6.84 % Date: 12/31/1995
Drawdown: 0.00 % Date: 11/30/1995
Drawdown: -6.19 % Date: 10/31/1995
Drawdown: -10.87 % Date: 9/30/1995
Drawdown: -12.29 % Date: 8/31/1995
Drawdown: -10.20 % Date: 7/31/1995
Drawdown: -5.94 % 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: -7.13 % Date: 1/31/1995
Drawdown: -8.61 % Date: 12/31/1994
Drawdown: -2.86 % Date: 11/30/1994
Drawdown: -5.49 % Date: 10/31/1994
Drawdown: -16.14 % Date: 9/30/1994
Drawdown: -18.35 % Date: 8/31/1994
Drawdown: -21.09 % Date: 7/31/1994
Drawdown: -16.38 % Date: 6/30/1994
Drawdown: -13.26 % Date: 5/31/1994
Drawdown: -15.54 % Date: 4/30/1994
Drawdown: -22.12 % Date: 3/31/1994
Drawdown: -22.30 % Date: 2/28/1994
Drawdown: -22.94 % Date: 1/31/1994
Drawdown: -12.79 % Date: 12/31/1993
Drawdown: -2.51 % Date: 11/30/1993
Drawdown: -5.79 % Date: 10/31/1993
Drawdown: -9.53 % Date: 9/30/1993
Drawdown: -6.22 % 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 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Tactical Investment Management Corp.
Address: P.O. Box 976
City: Haleiwa
State: HI
Zip: 96712
Country: USA
Key People
Name:  David S. Druz, MD
Position:  Principal
Biography: 

David S. Druz, MD is the President, the founder, the sole director and shareholder of Tactical Investment Management Corporation. He began managing his own personal commodity interest accounts in August 1975. He has been registered with the National Futures Association as a principal since March 1980. Dr. Druz was employed by Stotler & Company, a former Futures Commission Merchant, beginning in June, 1977 and worked intermittently on a contractual basis until June, 1980 to perform commodity market research for its research department while concurrently attending medical school. He founded Tactical in February 1980 and beginning in June, 1980 to the present he has performed commodity market research for the company. Dr. Druz received a bachelor's degree in electrical engineering with emphasis in computer science from the University of Illinois in May, 1975 where he graduated first in his class with a 5.0 grade average. He received a medical doctor degree from Johns Hopkins School of Medicine in May, 1979 and subsequently pursued a dual career in futures investment analysis and in medicine. From July, 1979 through June, 1982 he did an emergency medicine residency and from July, 1982 through June, 1991 he worked as a board certified practicing emergency physician, all the while concurrently running Tactical Investment Management. In July, 1991, Dr. Druz left the practice of Emergency Medicine to devote his energies fully to Tactical Investment Management Corporation and his futures investment career. Dr. Druz is the market analyst, research programmer, and a principal of Tactical Investment Management Corporation. The Tactical Trading System used by the Advisor is his development.


Name:  Colleen Haviland
Position:  Principal
Biography: 

Colleen Haviland is the Vice President and a principal of Tactical Investment Management since November 1991. She has been registered with the National Futures Association as an associated person of Tactical Investment Management since May, 1989. Ms. Haviland received a bachelor's degree in business administration from the University of Hawaii in 1983. She is the office manager of Tactical Investment Management’s Hawaii branch and President of Tactical Investment Management Business Services Corporation where she has been employed since May, 1984. Tactical Investment Management Business Services Corporation is a Hawaii corporation organized on May 18, 1984. The main business activity of Tactical Investment Management Business Services Corporation is business services.


Name:  Paul Brinkworth
Position:  Trader
Biography: 

Paul Brinkworth is the person responsible for trade placements and executions in all the markets traded by Tactical, a position he has held since 1984. He graduated from Southern Illinois University in 1983 with a bachelor's degree in Agribusiness Economics.


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.