Altegris Clearing Solutions Hamer Trading, Inc. Diversified Systematic Program *PROP*
Monthly Performance (%)
Date Range: 08/99 - 03/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -1.12 -0.19 -3.91 -5.17
2016 0.58 5.51 -0.51 5.10 -4.14 9.06 1.26 -6.53 2.14 -3.22 6.05 0.09 15.21
2015 10.51 -2.54 1.34 -1.36 -3.49 -2.07 -6.46 -4.12 7.17 -3.59 2.16 -1.27 -4.90
2014 -1.82 4.28 0.58 5.75 0.29 -3.13 1.33 7.89 3.84 -0.74 2.06 1.09 22.99
2013 1.22 -4.18 2.80 -0.53 -6.09 -5.18 -1.16 1.17 -0.61 4.75 -0.23 -0.85 -9.05
2012 -1.55 2.52 -4.89 -4.06 5.84 -9.03 8.16 -4.71 0.59 -6.79 1.11 3.58 -10.26
2011 4.11 4.90 -4.73 9.20 -1.58 -2.32 0.65 7.30 12.96 -10.65 5.16 -0.19 24.97
2010 -5.17 1.28 7.65 -2.66 -5.60 5.95 -2.42 8.14 4.01 9.74 -1.24 10.07 31.79
2009 -0.36 0.28 -2.40 -1.49 8.52 -2.14 -1.25 4.11 2.70 -4.16 12.34 -8.69 5.90
2008 11.85 8.69 -2.05 1.78 7.03 0.11 -1.21 7.22 8.92 3.51 0.70 2.23 59.65
2007 5.59 -2.70 3.95 7.69 -0.69 -2.95 -1.38 -8.68 1.67 0.65 5.17 0.18 7.63
2006 5.39 -3.30 0.65 0.67 1.12 -5.47 -7.65 3.78 4.51 -4.34 -0.32 0.48 -5.27
2005 -8.62 0.92 -4.57 -3.01 2.39 -3.49 0.66 -3.40 -0.44 2.20 3.72 -3.28 -16.28
2004 5.39 4.96 1.08 -2.07 -9.85 -5.36 -3.13 -0.15 1.68 0.94 -0.20 1.26 -6.28
2003 6.83 8.58 -12.99 4.32 6.41 -4.63 -2.83 -0.51 -7.72 2.81 -2.36 4.90 0.38
2002 -6.35 -6.85 0.25 -12.70 4.01 21.73 18.17 6.33 7.77 -5.08 -8.97 4.49 18.18
2001 -7.05 -3.46 17.96 -7.55 12.21 2.32 -6.50 1.10 20.14 11.71 -7.05 -9.11 20.42
2000 -2.18 -6.18 -10.10 0.59 9.59 5.16 -7.31 7.71 -2.47 10.04 6.32 15.30 25.63
1999 1.97 -12.25 5.12 10.58 4.01
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Diversified Systematic Program seeks to capture trends in a variety of global commodity and futures markets using 31 broadly diversified markets covering seven major sectors: interest rate, currency, stock index, energy, grain, metals and softs. Longer term trend following methods comprised a majority of the program prior to 2008, but the performance record prior to 2008 also included the results of many short term (intraday) trading systems. Since 2008, the program has focused entirely on longer term trend following methods. Average holding period is 54 days.

Performance Statistics
Date Range: 08/99 - 03/17
  Program SP500 TR Altegris 40
Total Return 333.67% 149.73% 125.81%
Annualized Return 8.70% 5.32% 4.72%
Annualized Std. Deviation 20.81% 14.74% 10.23%
Correlation -0.18 0.66
Sharpe Ratio (rf=2.5%) 0.30 0.19 0.22
Worst Month -12.99% -16.79% -7.77%
Date of Worst Month 03/2003 10/2008 11/2001
Worst Drawdown -38.11% -50.95% -15.74%
Date of Worst Drawdown 2/03 - 7/06 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 08/99 - 03/17
Year or YTD Program SP500 TR Altegris 40
2017 -5.17 6.07 -0.61
2016 15.21 11.98 -3.13
2015 -4.90 1.41 0.09
2014 22.99 13.69 15.75
2013 -9.05 32.41 -2.45
2012 -10.26 15.98 -4.75
2011 24.97 2.12 -3.23
2010 31.79 15.06 11.33
2009 5.90 26.45 -7.98
2008 59.65 -36.99 15.47
2007 7.63 5.50 7.18
2006 -5.27 15.79 6.70
2005 -16.28 4.89 4.51
2004 -6.28 10.87 2.57
2003 0.38 28.69 15.99
2002 18.18 -22.10 15.22
2001 20.42 -11.88 5.39
2000 25.63 -9.09 10.63
1999 4.01 11.73 -0.96
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 08/99 - 03/17
Date: 3/31/2017
Perf: $2,244.65 Date: 2/28/2017
Perf: $2,277.90 Date: 1/31/2017
Perf: $2,229.31 Date: 12/31/2016
Perf: $2,258.44 Date: 11/30/2016
Perf: $2,241.40 Date: 10/31/2016
Perf: $2,266.33 Date: 9/30/2016
Perf: $2,326.35 Date: 8/31/2016
Perf: $2,356.76 Date: 7/31/2016
Perf: $2,421.91 Date: 6/30/2016
Perf: $2,397.45 Date: 5/31/2016
Perf: $2,299.71 Date: 4/30/2016
Perf: $2,340.68 Date: 3/31/2016
Perf: $2,400.94 Date: 2/29/2016
Perf: $2,471.88 Date: 1/31/2016
Perf: $2,412.53 Date: 12/31/2015
Perf: $2,331.40 Date: 11/30/2015
Perf: $2,386.29 Date: 10/31/2015
Perf: $2,307.60 Date: 9/30/2015
Perf: $2,348.46 Date: 8/31/2015
Perf: $2,298.58 Date: 7/31/2015
Perf: $2,339.05 Date: 6/30/2015
Perf: $2,251.03 Date: 5/31/2015
Perf: $2,374.50 Date: 4/30/2015
Perf: $2,391.73 Date: 3/31/2015
Perf: $2,487.75 Date: 2/28/2015
Perf: $2,433.96 Date: 1/31/2015
Perf: $2,437.86 Date: 12/31/2014
Perf: $2,329.32 Date: 11/30/2014
Perf: $2,289.03 Date: 10/31/2014
Perf: $2,160.48 Date: 9/30/2014
Perf: $2,129.18 Date: 8/31/2014
Perf: $2,097.92 Date: 7/31/2014
Perf: $2,012.78 Date: 6/30/2014
Perf: $2,029.01 Date: 5/31/2014
Perf: $2,011.71 Date: 4/30/2014
Perf: $1,961.50 Date: 3/31/2014
Perf: $1,946.70 Date: 2/28/2014
Perf: $1,975.95 Date: 1/31/2014
Perf: $1,959.88 Date: 12/31/2013
Perf: $2,012.40 Date: 11/30/2013
Perf: $2,015.22 Date: 10/31/2013
Perf: $1,979.40 Date: 9/30/2013
Perf: $1,935.08 Date: 8/31/2013
Perf: $1,946.76 Date: 7/31/2013
Perf: $1,984.87 Date: 6/30/2013
Perf: $2,002.29 Date: 5/31/2013
Perf: $2,081.17 Date: 4/30/2013
Perf: $2,174.68 Date: 3/31/2013
Perf: $2,119.98 Date: 2/28/2013
Perf: $2,089.89 Date: 1/31/2013
Perf: $2,102.08 Date: 12/31/2012
Perf: $2,062.89 Date: 11/30/2012
Perf: $2,052.83 Date: 10/31/2012
Perf: $2,047.10 Date: 9/30/2012
Perf: $2,123.98 Date: 8/31/2012
Perf: $2,159.62 Date: 7/31/2012
Perf: $2,189.39 Date: 6/30/2012
Perf: $2,103.37 Date: 5/31/2012
Perf: $2,185.54 Date: 4/30/2012
Perf: $2,144.79 Date: 3/31/2012
Perf: $2,132.00 Date: 2/29/2012
Perf: $2,181.52 Date: 1/31/2012
Perf: $2,172.61 Date: 12/31/2011
Perf: $2,165.68 Date: 11/30/2011
Perf: $2,145.09 Date: 10/31/2011
Perf: $2,138.67 Date: 9/30/2011
Perf: $2,226.86 Date: 8/31/2011
Perf: $2,228.19 Date: 7/31/2011
Perf: $2,232.66 Date: 6/30/2011
Perf: $2,155.28 Date: 5/31/2011
Perf: $2,212.82 Date: 4/30/2011
Perf: $2,296.64 Date: 3/31/2011
Perf: $2,210.44 Date: 2/28/2011
Perf: $2,244.78 Date: 1/31/2011
Perf: $2,207.26 Date: 12/31/2010
Perf: $2,237.92 Date: 11/30/2010
Perf: $2,145.86 Date: 10/31/2010
Perf: $2,224.61 Date: 9/30/2010
Perf: $2,141.52 Date: 8/31/2010
Perf: $2,103.24 Date: 7/31/2010
Perf: $2,019.63 Date: 6/30/2010
Perf: $2,046.02 Date: 5/31/2010
Perf: $2,038.28 Date: 4/30/2010
Perf: $2,088.83 Date: 3/31/2010
Perf: $2,057.15 Date: 2/28/2010
Perf: $1,978.60 Date: 1/31/2010
Perf: $1,960.17 Date: 12/31/2009
Perf: $2,010.23 Date: 11/30/2009
Perf: $2,093.99 Date: 10/31/2009
Perf: $2,012.87 Date: 9/30/2009
Perf: $2,065.75 Date: 8/31/2009
Perf: $2,017.73 Date: 7/31/2009
Perf: $2,011.09 Date: 6/30/2009
Perf: $2,013.31 Date: 5/31/2009
Perf: $2,068.32 Date: 4/30/2009
Perf: $2,040.17 Date: 3/31/2009
Perf: $2,109.14 Date: 2/28/2009
Perf: $2,169.23 Date: 1/31/2009
Perf: $2,170.31 Date: 12/31/2008
Perf: $2,184.51 Date: 11/30/2008
Perf: $2,129.78 Date: 10/31/2008
Perf: $2,054.38 Date: 9/30/2008
Perf: $1,953.76 Date: 8/31/2008
Perf: $1,949.67 Date: 7/31/2008
Perf: $2,003.15 Date: 6/30/2008
Perf: $2,099.52 Date: 5/31/2008
Perf: $2,044.92 Date: 4/30/2008
Perf: $2,003.64 Date: 3/31/2008
Perf: $2,026.95 Date: 2/29/2008
Perf: $2,035.91 Date: 1/31/2008
Perf: $1,926.31 Date: 12/31/2007
Perf: $1,891.87 Date: 11/30/2007
Perf: $1,896.23 Date: 10/31/2007
Perf: $1,908.64 Date: 9/30/2007
Perf: $1,829.78 Date: 8/31/2007
Perf: $1,748.14 Date: 7/31/2007
Perf: $1,815.87 Date: 6/30/2007
Perf: $1,873.77 Date: 5/31/2007
Perf: $1,821.14 Date: 4/30/2007
Perf: $1,758.37 Date: 3/31/2007
Perf: $1,687.49 Date: 2/28/2007
Perf: $1,727.93 Date: 1/31/2007
Perf: $1,795.25 Date: 12/31/2006
Perf: $1,765.06 Date: 11/30/2006
Perf: $1,707.36 Date: 10/31/2006
Perf: $1,666.53 Date: 9/30/2006
Perf: $1,648.39 Date: 8/31/2006
Perf: $1,666.05 Date: 7/31/2006
Perf: $1,647.60 Date: 6/30/2006
Perf: $1,672.35 Date: 5/31/2006
Perf: $1,695.58 Date: 4/30/2006
Perf: $1,741.74 Date: 3/31/2006
Perf: $1,700.25 Date: 2/28/2006
Perf: $1,655.87 Date: 1/31/2006
Perf: $1,685.88 Date: 12/31/2005
Perf: $1,654.29 Date: 11/30/2005
Perf: $1,684.78 Date: 10/31/2005
Perf: $1,615.48 Date: 9/30/2005
Perf: $1,612.90 Date: 8/31/2005
Perf: $1,588.43 Date: 7/31/2005
Perf: $1,579.90 Date: 6/30/2005
Perf: $1,578.95 Date: 5/31/2005
Perf: $1,526.89 Date: 4/30/2005
Perf: $1,481.12 Date: 3/31/2005
Perf: $1,518.32 Date: 2/28/2005
Perf: $1,526.87 Date: 1/31/2005
Perf: $1,516.41 Date: 12/31/2004
Perf: $1,582.89 Date: 11/30/2004
Perf: $1,577.68 Date: 10/31/2004
Perf: $1,496.71 Date: 9/30/2004
Perf: $1,447.22 Date: 8/31/2004
Perf: $1,427.94 Date: 7/31/2004
Perf: $1,437.86 Date: 6/30/2004
Perf: $1,454.44 Date: 5/31/2004
Perf: $1,504.07 Date: 4/30/2004
Perf: $1,528.38 Date: 3/31/2004
Perf: $1,629.75 Date: 2/29/2004
Perf: $1,645.88 Date: 1/31/2004
Perf: $1,558.00 Date: 12/31/2003
Perf: $1,543.19 Date: 11/30/2003
Perf: $1,479.14 Date: 10/31/2003
Perf: $1,483.59 Date: 9/30/2003
Perf: $1,450.95 Date: 8/31/2003
Perf: $1,457.65 Date: 7/31/2003
Perf: $1,444.08 Date: 6/30/2003
Perf: $1,477.47 Date: 5/31/2003
Perf: $1,515.51 Date: 4/30/2003
Perf: $1,431.48 Date: 3/31/2003
Perf: $1,410.74 Date: 2/28/2003
Perf: $1,496.33 Date: 1/31/2003
Perf: $1,412.03 Date: 12/31/2002
Perf: $1,330.48 Date: 11/30/2002
Perf: $1,254.10 Date: 10/31/2002
Perf: $1,289.70 Date: 9/30/2002
Perf: $1,360.15 Date: 8/31/2002
Perf: $1,300.21 Date: 7/31/2002
Perf: $1,269.61 Date: 6/30/2002
Perf: $1,205.25 Date: 5/31/2002
Perf: $1,107.36 Date: 4/30/2002
Perf: $1,079.41 Date: 3/31/2002
Perf: $1,105.50 Date: 2/28/2002
Perf: $1,108.71 Date: 1/31/2002
Perf: $1,140.88 Date: 12/31/2001
Perf: $1,154.74 Date: 11/30/2001
Perf: $1,130.88 Date: 10/31/2001
Perf: $1,226.15 Date: 9/30/2001
Perf: $1,175.38 Date: 8/31/2001
Perf: $1,140.26 Date: 7/31/2001
Perf: $1,107.15 Date: 6/30/2001
Perf: $1,104.72 Date: 5/31/2001
Perf: $1,117.01 Date: 4/30/2001
Perf: $1,116.67 Date: 3/31/2001
Perf: $1,189.98 Date: 2/28/2001
Perf: $1,117.56 Date: 1/31/2001
Perf: $1,107.04 Date: 12/31/2000
Perf: $1,095.65 Date: 11/30/2000
Perf: $1,012.33 Date: 10/31/2000
Perf: $952.69 Date: 9/30/2000
Perf: $933.19 Date: 8/31/2000
Perf: $949.71 Date: 7/31/2000
Perf: $930.55 Date: 6/30/2000
Perf: $947.22 Date: 5/31/2000
Perf: $962.13 Date: 4/30/2000
Perf: $949.13 Date: 3/31/2000
Perf: $963.68 Date: 2/29/2000
Perf: $988.18 Date: 1/31/2000
Perf: $999.38 Date: 12/31/1999
Perf: $990.37 Date: 11/30/1999
Perf: $977.75 Date: 10/31/1999
Perf: $959.15 Date: 9/30/1999
Perf: $1,003.50 Date: 8/31/1999
Perf: $1,000.00 Date: 3/31/2017
Perf: $2,509.62 Date: 2/28/2017
Perf: $2,506.62 Date: 1/31/2017
Perf: $2,410.90 Date: 12/31/2016
Perf: $2,365.95 Date: 11/30/2016
Perf: $2,320.01 Date: 10/31/2016
Perf: $2,237.24 Date: 9/30/2016
Perf: $2,278.71 Date: 8/31/2016
Perf: $2,278.25 Date: 7/31/2016
Perf: $2,275.07 Date: 6/30/2016
Perf: $2,194.11 Date: 5/31/2016
Perf: $2,188.42 Date: 4/30/2016
Perf: $2,149.72 Date: 3/31/2016
Perf: $2,141.37 Date: 2/29/2016
Perf: $2,005.40 Date: 1/31/2016
Perf: $2,008.01 Date: 12/31/2015
Perf: $2,112.81 Date: 11/30/2015
Perf: $2,146.73 Date: 10/31/2015
Perf: $2,140.31 Date: 9/30/2015
Perf: $1,973.72 Date: 8/31/2015
Perf: $2,023.71 Date: 7/31/2015
Perf: $2,153.57 Date: 6/30/2015
Perf: $2,109.28 Date: 5/31/2015
Perf: $2,151.00 Date: 4/30/2015
Perf: $2,123.61 Date: 3/31/2015
Perf: $2,103.42 Date: 2/28/2015
Perf: $2,137.18 Date: 1/31/2015
Perf: $2,020.98 Date: 12/31/2014
Perf: $2,083.48 Date: 11/30/2014
Perf: $2,088.70 Date: 10/31/2014
Perf: $2,033.99 Date: 9/30/2014
Perf: $1,985.54 Date: 8/31/2014
Perf: $2,013.74 Date: 7/31/2014
Perf: $1,936.28 Date: 6/30/2014
Perf: $1,963.38 Date: 5/31/2014
Perf: $1,923.56 Date: 4/30/2014
Perf: $1,879.40 Date: 3/31/2014
Perf: $1,865.59 Date: 2/28/2014
Perf: $1,850.05 Date: 1/31/2014
Perf: $1,769.20 Date: 12/31/2013
Perf: $1,832.61 Date: 11/30/2013
Perf: $1,787.38 Date: 10/31/2013
Perf: $1,734.48 Date: 9/30/2013
Perf: $1,658.21 Date: 8/31/2013
Perf: $1,607.72 Date: 7/31/2013
Perf: $1,655.74 Date: 6/30/2013
Perf: $1,575.54 Date: 5/31/2013
Perf: $1,596.94 Date: 4/30/2013
Perf: $1,560.43 Date: 3/31/2013
Perf: $1,530.88 Date: 2/28/2013
Perf: $1,475.55 Date: 1/31/2013
Perf: $1,455.75 Date: 12/31/2012
Perf: $1,384.06 Date: 11/30/2012
Perf: $1,371.58 Date: 10/31/2012
Perf: $1,363.67 Date: 9/30/2012
Perf: $1,389.37 Date: 8/31/2012
Perf: $1,354.43 Date: 7/31/2012
Perf: $1,324.62 Date: 6/30/2012
Perf: $1,306.46 Date: 5/31/2012
Perf: $1,254.77 Date: 4/30/2012
Perf: $1,335.00 Date: 3/31/2012
Perf: $1,343.46 Date: 2/29/2012
Perf: $1,300.67 Date: 1/31/2012
Perf: $1,246.81 Date: 12/31/2011
Perf: $1,193.35 Date: 11/30/2011
Perf: $1,181.30 Date: 10/31/2011
Perf: $1,183.90 Date: 9/30/2011
Perf: $1,067.25 Date: 8/31/2011
Perf: $1,147.95 Date: 7/31/2011
Perf: $1,213.87 Date: 6/30/2011
Perf: $1,239.02 Date: 5/31/2011
Perf: $1,260.06 Date: 4/30/2011
Perf: $1,274.46 Date: 3/31/2011
Perf: $1,237.82 Date: 2/28/2011
Perf: $1,237.33 Date: 1/31/2011
Perf: $1,196.29 Date: 12/31/2010
Perf: $1,168.60 Date: 11/30/2010
Perf: $1,095.42 Date: 10/31/2010
Perf: $1,095.32 Date: 9/30/2010
Perf: $1,055.12 Date: 8/31/2010
Perf: $968.71 Date: 7/31/2010
Perf: $1,014.46 Date: 6/30/2010
Perf: $948.00 Date: 5/31/2010
Perf: $1,000.32 Date: 4/30/2010
Perf: $1,087.19 Date: 3/31/2010
Perf: $1,070.28 Date: 2/28/2010
Perf: $1,009.41 Date: 1/31/2010
Perf: $979.06 Date: 12/31/2009
Perf: $1,015.62 Date: 11/30/2009
Perf: $996.39 Date: 10/31/2009
Perf: $939.99 Date: 9/30/2009
Perf: $957.81 Date: 8/31/2009
Perf: $923.36 Date: 7/31/2009
Perf: $891.19 Date: 6/30/2009
Perf: $828.55 Date: 5/31/2009
Perf: $826.90 Date: 4/30/2009
Perf: $783.12 Date: 3/31/2009
Perf: $714.72 Date: 2/28/2009
Perf: $657.16 Date: 1/31/2009
Perf: $735.49 Date: 12/31/2008
Perf: $803.20 Date: 11/30/2008
Perf: $794.77 Date: 10/31/2008
Perf: $856.25 Date: 9/30/2008
Perf: $1,029.02 Date: 8/31/2008
Perf: $1,129.68 Date: 7/31/2008
Perf: $1,113.53 Date: 6/30/2008
Perf: $1,122.96 Date: 5/31/2008
Perf: $1,226.34 Date: 4/30/2008
Perf: $1,210.61 Date: 3/31/2008
Perf: $1,154.39 Date: 2/29/2008
Perf: $1,159.37 Date: 1/31/2008
Perf: $1,198.32 Date: 12/31/2007
Perf: $1,274.81 Date: 11/30/2007
Perf: $1,283.66 Date: 10/31/2007
Perf: $1,339.66 Date: 9/30/2007
Perf: $1,318.70 Date: 8/31/2007
Perf: $1,271.15 Date: 7/31/2007
Perf: $1,252.37 Date: 6/30/2007
Perf: $1,292.43 Date: 5/31/2007
Perf: $1,314.25 Date: 4/30/2007
Perf: $1,269.93 Date: 3/31/2007
Perf: $1,216.06 Date: 2/28/2007
Perf: $1,202.59 Date: 1/31/2007
Perf: $1,226.63 Date: 12/31/2006
Perf: $1,208.39 Date: 11/30/2006
Perf: $1,191.70 Date: 10/31/2006
Perf: $1,169.48 Date: 9/30/2006
Perf: $1,132.56 Date: 8/31/2006
Perf: $1,104.07 Date: 7/31/2006
Perf: $1,078.41 Date: 6/30/2006
Perf: $1,071.76 Date: 5/31/2006
Perf: $1,070.27 Date: 4/30/2006
Perf: $1,102.00 Date: 3/31/2006
Perf: $1,087.43 Date: 2/28/2006
Perf: $1,074.11 Date: 1/31/2006
Perf: $1,071.22 Date: 12/31/2005
Perf: $1,043.57 Date: 11/30/2005
Perf: $1,043.25 Date: 10/31/2005
Perf: $1,005.25 Date: 9/30/2005
Perf: $1,022.33 Date: 8/31/2005
Perf: $1,014.11 Date: 7/31/2005
Perf: $1,023.43 Date: 6/30/2005
Perf: $986.72 Date: 5/31/2005
Perf: $985.34 Date: 4/30/2005
Perf: $954.97 Date: 3/31/2005
Perf: $973.47 Date: 2/28/2005
Perf: $991.01 Date: 1/31/2005
Perf: $970.63 Date: 12/31/2004
Perf: $994.90 Date: 11/30/2004
Perf: $962.19 Date: 10/31/2004
Perf: $924.74 Date: 9/30/2004
Perf: $910.80 Date: 8/31/2004
Perf: $901.07 Date: 7/31/2004
Perf: $897.48 Date: 6/30/2004
Perf: $928.20 Date: 5/31/2004
Perf: $910.54 Date: 4/30/2004
Perf: $898.23 Date: 3/31/2004
Perf: $912.56 Date: 2/29/2004
Perf: $926.55 Date: 1/31/2004
Perf: $913.85 Date: 12/31/2003
Perf: $897.34 Date: 11/30/2003
Perf: $852.66 Date: 10/31/2003
Perf: $845.22 Date: 9/30/2003
Perf: $799.94 Date: 8/31/2003
Perf: $808.51 Date: 7/31/2003
Perf: $793.05 Date: 6/30/2003
Perf: $779.33 Date: 5/31/2003
Perf: $769.48 Date: 4/30/2003
Perf: $730.96 Date: 3/31/2003
Perf: $675.31 Date: 2/28/2003
Perf: $668.83 Date: 1/31/2003
Perf: $679.01 Date: 12/31/2002
Perf: $697.28 Date: 11/30/2002
Perf: $740.76 Date: 10/31/2002
Perf: $699.56 Date: 9/30/2002
Perf: $642.98 Date: 8/31/2002
Perf: $721.39 Date: 7/31/2002
Perf: $716.66 Date: 6/30/2002
Perf: $777.29 Date: 5/31/2002
Perf: $836.88 Date: 4/30/2002
Perf: $843.12 Date: 3/31/2002
Perf: $897.51 Date: 2/28/2002
Perf: $864.98 Date: 1/31/2002
Perf: $882.01 Date: 12/31/2001
Perf: $895.07 Date: 11/30/2001
Perf: $887.27 Date: 10/31/2001
Perf: $824.06 Date: 9/30/2001
Perf: $808.62 Date: 8/31/2001
Perf: $879.69 Date: 7/31/2001
Perf: $938.44 Date: 6/30/2001
Perf: $947.73 Date: 5/31/2001
Perf: $971.33 Date: 4/30/2001
Perf: $964.87 Date: 3/31/2001
Perf: $895.30 Date: 2/28/2001
Perf: $955.91 Date: 1/31/2001
Perf: $1,051.83 Date: 12/31/2000
Perf: $1,015.77 Date: 11/30/2000
Perf: $1,010.82 Date: 10/31/2000
Perf: $1,097.29 Date: 9/30/2000
Perf: $1,101.92 Date: 8/31/2000
Perf: $1,163.34 Date: 7/31/2000
Perf: $1,095.32 Date: 6/30/2000
Perf: $1,112.68 Date: 5/31/2000
Perf: $1,085.86 Date: 4/30/2000
Perf: $1,108.58 Date: 3/31/2000
Perf: $1,142.99 Date: 2/29/2000
Perf: $1,041.16 Date: 1/31/2000
Perf: $1,061.22 Date: 12/31/1999
Perf: $1,117.31 Date: 11/30/1999
Perf: $1,055.16 Date: 10/31/1999
Perf: $1,034.17 Date: 9/30/1999
Perf: $972.60 Date: 8/31/1999
Perf: $1,000.00 Date: 3/31/2017
Perf: $4,336.74 Date: 2/28/2017
Perf: $4,513.21 Date: 1/31/2017
Perf: $4,521.80 Date: 12/31/2016
Perf: $4,573.02 Date: 11/30/2016
Perf: $4,568.91 Date: 10/31/2016
Perf: $4,308.26 Date: 9/30/2016
Perf: $4,451.60 Date: 8/31/2016
Perf: $4,358.33 Date: 7/31/2016
Perf: $4,662.81 Date: 6/30/2016
Perf: $4,604.79 Date: 5/31/2016
Perf: $4,222.26 Date: 4/30/2016
Perf: $4,404.61 Date: 3/31/2016
Perf: $4,190.87 Date: 2/29/2016
Perf: $4,212.36 Date: 1/31/2016
Perf: $3,992.38 Date: 12/31/2015
Perf: $3,969.35 Date: 11/30/2015
Perf: $4,020.41 Date: 10/31/2015
Perf: $3,935.41 Date: 9/30/2015
Perf: $4,081.95 Date: 8/31/2015
Perf: $3,808.86 Date: 7/31/2015
Perf: $3,972.52 Date: 6/30/2015
Perf: $4,246.87 Date: 5/31/2015
Perf: $4,336.64 Date: 4/30/2015
Perf: $4,493.46 Date: 3/31/2015
Perf: $4,555.42 Date: 2/28/2015
Perf: $4,495.18 Date: 1/31/2015
Perf: $4,612.33 Date: 12/31/2014
Perf: $4,173.68 Date: 11/30/2014
Perf: $4,128.68 Date: 10/31/2014
Perf: $4,045.34 Date: 9/30/2014
Perf: $4,075.50 Date: 8/31/2014
Perf: $3,924.79 Date: 7/31/2014
Perf: $3,637.77 Date: 6/30/2014
Perf: $3,590.02 Date: 5/31/2014
Perf: $3,706.02 Date: 4/30/2014
Perf: $3,695.30 Date: 3/31/2014
Perf: $3,494.38 Date: 2/28/2014
Perf: $3,474.23 Date: 1/31/2014
Perf: $3,331.63 Date: 12/31/2013
Perf: $3,393.39 Date: 11/30/2013
Perf: $3,422.48 Date: 10/31/2013
Perf: $3,430.37 Date: 9/30/2013
Perf: $3,274.82 Date: 8/31/2013
Perf: $3,294.92 Date: 7/31/2013
Perf: $3,256.81 Date: 6/30/2013
Perf: $3,295.04 Date: 5/31/2013
Perf: $3,475.04 Date: 4/30/2013
Perf: $3,700.40 Date: 3/31/2013
Perf: $3,720.11 Date: 2/28/2013
Perf: $3,618.79 Date: 1/31/2013
Perf: $3,776.65 Date: 12/31/2012
Perf: $3,731.13 Date: 11/30/2012
Perf: $3,602.17 Date: 10/31/2012
Perf: $3,562.63 Date: 9/30/2012
Perf: $3,822.15 Date: 8/31/2012
Perf: $3,799.74 Date: 7/31/2012
Perf: $3,987.55 Date: 6/30/2012
Perf: $3,686.71 Date: 5/31/2012
Perf: $4,052.67 Date: 4/30/2012
Perf: $3,829.05 Date: 3/31/2012
Perf: $3,991.09 Date: 2/29/2012
Perf: $4,196.29 Date: 1/31/2012
Perf: $4,093.14 Date: 12/31/2011
Perf: $4,157.58 Date: 11/30/2011
Perf: $4,165.50 Date: 10/31/2011
Perf: $3,961.11 Date: 9/30/2011
Perf: $4,433.25 Date: 8/31/2011
Perf: $3,924.62 Date: 7/31/2011
Perf: $3,657.61 Date: 6/30/2011
Perf: $3,633.99 Date: 5/31/2011
Perf: $3,720.30 Date: 4/30/2011
Perf: $3,780.03 Date: 3/31/2011
Perf: $3,461.56 Date: 2/28/2011
Perf: $3,633.42 Date: 1/31/2011
Perf: $3,463.70 Date: 12/31/2010
Perf: $3,326.96 Date: 11/30/2010
Perf: $3,022.59 Date: 10/31/2010
Perf: $3,060.54 Date: 9/30/2010
Perf: $2,788.90 Date: 8/31/2010
Perf: $2,681.38 Date: 7/31/2010
Perf: $2,479.54 Date: 6/30/2010
Perf: $2,541.04 Date: 5/31/2010
Perf: $2,398.33 Date: 4/30/2010
Perf: $2,540.61 Date: 3/31/2010
Perf: $2,610.04 Date: 2/28/2010
Perf: $2,424.56 Date: 1/31/2010
Perf: $2,393.91 Date: 12/31/2009
Perf: $2,524.43 Date: 11/30/2009
Perf: $2,764.68 Date: 10/31/2009
Perf: $2,460.99 Date: 9/30/2009
Perf: $2,567.81 Date: 8/31/2009
Perf: $2,500.30 Date: 7/31/2009
Perf: $2,401.60 Date: 6/30/2009
Perf: $2,432.00 Date: 5/31/2009
Perf: $2,485.18 Date: 4/30/2009
Perf: $2,290.07 Date: 3/31/2009
Perf: $2,324.71 Date: 2/28/2009
Perf: $2,381.87 Date: 1/31/2009
Perf: $2,375.22 Date: 12/31/2008
Perf: $2,383.80 Date: 11/30/2008
Perf: $2,331.80 Date: 10/31/2008
Perf: $2,315.59 Date: 9/30/2008
Perf: $2,237.07 Date: 8/31/2008
Perf: $2,053.87 Date: 7/31/2008
Perf: $1,915.56 Date: 6/30/2008
Perf: $1,939.03 Date: 5/31/2008
Perf: $1,936.90 Date: 4/30/2008
Perf: $1,809.68 Date: 3/31/2008
Perf: $1,778.03 Date: 2/29/2008
Perf: $1,815.24 Date: 1/31/2008
Perf: $1,670.11 Date: 12/31/2007
Perf: $1,493.17 Date: 11/30/2007
Perf: $1,490.48 Date: 10/31/2007
Perf: $1,417.21 Date: 9/30/2007
Perf: $1,408.06 Date: 8/31/2007
Perf: $1,384.93 Date: 7/31/2007
Perf: $1,516.57 Date: 6/30/2007
Perf: $1,537.79 Date: 5/31/2007
Perf: $1,584.54 Date: 4/30/2007
Perf: $1,595.55 Date: 3/31/2007
Perf: $1,481.61 Date: 2/28/2007
Perf: $1,425.31 Date: 1/31/2007
Perf: $1,464.86 Date: 12/31/2006
Perf: $1,387.31 Date: 11/30/2006
Perf: $1,380.68 Date: 10/31/2006
Perf: $1,385.12 Date: 9/30/2006
Perf: $1,447.96 Date: 8/31/2006
Perf: $1,385.47 Date: 7/31/2006
Perf: $1,335.01 Date: 6/30/2006
Perf: $1,445.60 Date: 5/31/2006
Perf: $1,529.25 Date: 4/30/2006
Perf: $1,512.31 Date: 3/31/2006
Perf: $1,502.24 Date: 2/28/2006
Perf: $1,492.54 Date: 1/31/2006
Perf: $1,543.48 Date: 12/31/2005
Perf: $1,464.54 Date: 11/30/2005
Perf: $1,514.20 Date: 10/31/2005
Perf: $1,459.90 Date: 9/30/2005
Perf: $1,428.47 Date: 8/31/2005
Perf: $1,434.78 Date: 7/31/2005
Perf: $1,485.28 Date: 6/30/2005
Perf: $1,475.54 Date: 5/31/2005
Perf: $1,528.90 Date: 4/30/2005
Perf: $1,493.22 Date: 3/31/2005
Perf: $1,539.56 Date: 2/28/2005
Perf: $1,613.28 Date: 1/31/2005
Perf: $1,598.58 Date: 12/31/2004
Perf: $1,749.37 Date: 11/30/2004
Perf: $1,727.60 Date: 10/31/2004
Perf: $1,731.07 Date: 9/30/2004
Perf: $1,714.95 Date: 8/31/2004
Perf: $1,686.61 Date: 7/31/2004
Perf: $1,689.14 Date: 6/30/2004
Perf: $1,743.72 Date: 5/31/2004
Perf: $1,842.48 Date: 4/30/2004
Perf: $2,043.79 Date: 3/31/2004
Perf: $2,086.99 Date: 2/29/2004
Perf: $2,064.70 Date: 1/31/2004
Perf: $1,967.13 Date: 12/31/2003
Perf: $1,866.52 Date: 11/30/2003
Perf: $1,779.33 Date: 10/31/2003
Perf: $1,822.34 Date: 9/30/2003
Perf: $1,772.53 Date: 8/31/2003
Perf: $1,920.82 Date: 7/31/2003
Perf: $1,930.67 Date: 6/30/2003
Perf: $1,986.90 Date: 5/31/2003
Perf: $2,083.35 Date: 4/30/2003
Perf: $1,957.86 Date: 3/31/2003
Perf: $1,876.78 Date: 2/28/2003
Perf: $2,156.97 Date: 1/31/2003
Perf: $1,986.53 Date: 12/31/2002
Perf: $1,859.52 Date: 11/30/2002
Perf: $1,779.62 Date: 10/31/2002
Perf: $1,954.98 Date: 9/30/2002
Perf: $2,059.60 Date: 8/31/2002
Perf: $1,911.11 Date: 7/31/2002
Perf: $1,797.34 Date: 6/30/2002
Perf: $1,520.98 Date: 5/31/2002
Perf: $1,249.47 Date: 4/30/2002
Perf: $1,201.30 Date: 3/31/2002
Perf: $1,376.06 Date: 2/28/2002
Perf: $1,372.62 Date: 1/31/2002
Perf: $1,473.56 Date: 12/31/2001
Perf: $1,573.48 Date: 11/30/2001
Perf: $1,731.19 Date: 10/31/2001
Perf: $1,862.50 Date: 9/30/2001
Perf: $1,667.26 Date: 8/31/2001
Perf: $1,387.76 Date: 7/31/2001
Perf: $1,372.67 Date: 6/30/2001
Perf: $1,468.09 Date: 5/31/2001
Perf: $1,434.80 Date: 4/30/2001
Perf: $1,278.68 Date: 3/31/2001
Perf: $1,383.10 Date: 2/28/2001
Perf: $1,172.52 Date: 1/31/2001
Perf: $1,214.54 Date: 12/31/2000
Perf: $1,306.66 Date: 11/30/2000
Perf: $1,133.27 Date: 10/31/2000
Perf: $1,065.90 Date: 9/30/2000
Perf: $968.65 Date: 8/31/2000
Perf: $993.18 Date: 7/31/2000
Perf: $922.09 Date: 6/30/2000
Perf: $994.81 Date: 5/31/2000
Perf: $946.00 Date: 4/30/2000
Perf: $863.22 Date: 3/31/2000
Perf: $858.15 Date: 2/29/2000
Perf: $954.56 Date: 1/31/2000
Perf: $1,017.44 Date: 12/31/1999
Perf: $1,040.12 Date: 11/30/1999
Perf: $940.60 Date: 10/31/1999
Perf: $894.79 Date: 9/30/1999
Perf: $1,019.70 Date: 8/31/1999
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 08/99 - 03/17
Date: 3/31/2017
Return: -3.91 % Date: 2/28/2017
Return: -0.19 % Date: 1/31/2017
Return: -1.12 % Date: 12/31/2016
Return: 0.09 % Date: 11/30/2016
Return: 6.05 % Date: 10/31/2016
Return: -3.22 % Date: 9/30/2016
Return: 2.14 % Date: 8/31/2016
Return: -6.53 % Date: 7/31/2016
Return: 1.26 % Date: 6/30/2016
Return: 9.06 % Date: 5/31/2016
Return: -4.14 % Date: 4/30/2016
Return: 5.10 % Date: 3/31/2016
Return: -0.51 % Date: 2/29/2016
Return: 5.51 % Date: 1/31/2016
Return: 0.58 % Date: 12/31/2015
Return: -1.27 % Date: 11/30/2015
Return: 2.16 % Date: 10/31/2015
Return: -3.59 % Date: 9/30/2015
Return: 7.17 % Date: 8/31/2015
Return: -4.12 % Date: 7/31/2015
Return: -6.46 % Date: 6/30/2015
Return: -2.07 % Date: 5/31/2015
Return: -3.49 % Date: 4/30/2015
Return: -1.36 % Date: 3/31/2015
Return: 1.34 % Date: 2/28/2015
Return: -2.54 % Date: 1/31/2015
Return: 10.51 % Date: 12/31/2014
Return: 1.09 % Date: 11/30/2014
Return: 2.06 % Date: 10/31/2014
Return: -0.74 % Date: 9/30/2014
Return: 3.84 % Date: 8/31/2014
Return: 7.89 % Date: 7/31/2014
Return: 1.33 % Date: 6/30/2014
Return: -3.13 % Date: 5/31/2014
Return: 0.29 % Date: 4/30/2014
Return: 5.75 % Date: 3/31/2014
Return: 0.58 % Date: 2/28/2014
Return: 4.28 % Date: 1/31/2014
Return: -1.82 % Date: 12/31/2013
Return: -0.85 % Date: 11/30/2013
Return: -0.23 % Date: 10/31/2013
Return: 4.75 % Date: 9/30/2013
Return: -0.61 % Date: 8/31/2013
Return: 1.17 % Date: 7/31/2013
Return: -1.16 % Date: 6/30/2013
Return: -5.18 % Date: 5/31/2013
Return: -6.09 % Date: 4/30/2013
Return: -0.53 % Date: 3/31/2013
Return: 2.80 % Date: 2/28/2013
Return: -4.18 % Date: 1/31/2013
Return: 1.22 % Date: 12/31/2012
Return: 3.58 % Date: 11/30/2012
Return: 1.11 % Date: 10/31/2012
Return: -6.79 % Date: 9/30/2012
Return: 0.59 % Date: 8/31/2012
Return: -4.71 % Date: 7/31/2012
Return: 8.16 % Date: 6/30/2012
Return: -9.03 % Date: 5/31/2012
Return: 5.84 % Date: 4/30/2012
Return: -4.06 % Date: 3/31/2012
Return: -4.89 % Date: 2/29/2012
Return: 2.52 % Date: 1/31/2012
Return: -1.55 % Date: 12/31/2011
Return: -0.19 % Date: 11/30/2011
Return: 5.16 % Date: 10/31/2011
Return: -10.65 % Date: 9/30/2011
Return: 12.96 % Date: 8/31/2011
Return: 7.30 % Date: 7/31/2011
Return: 0.65 % Date: 6/30/2011
Return: -2.32 % Date: 5/31/2011
Return: -1.58 % Date: 4/30/2011
Return: 9.20 % Date: 3/31/2011
Return: -4.73 % Date: 2/28/2011
Return: 4.90 % Date: 1/31/2011
Return: 4.11 % Date: 12/31/2010
Return: 10.07 % Date: 11/30/2010
Return: -1.24 % Date: 10/31/2010
Return: 9.74 % Date: 9/30/2010
Return: 4.01 % Date: 8/31/2010
Return: 8.14 % Date: 7/31/2010
Return: -2.42 % Date: 6/30/2010
Return: 5.95 % Date: 5/31/2010
Return: -5.60 % Date: 4/30/2010
Return: -2.66 % Date: 3/31/2010
Return: 7.65 % Date: 2/28/2010
Return: 1.28 % Date: 1/31/2010
Return: -5.17 % Date: 12/31/2009
Return: -8.69 % Date: 11/30/2009
Return: 12.34 % Date: 10/31/2009
Return: -4.16 % Date: 9/30/2009
Return: 2.70 % Date: 8/31/2009
Return: 4.11 % Date: 7/31/2009
Return: -1.25 % Date: 6/30/2009
Return: -2.14 % Date: 5/31/2009
Return: 8.52 % Date: 4/30/2009
Return: -1.49 % Date: 3/31/2009
Return: -2.40 % Date: 2/28/2009
Return: 0.28 % Date: 1/31/2009
Return: -0.36 % Date: 12/31/2008
Return: 2.23 % Date: 11/30/2008
Return: 0.70 % Date: 10/31/2008
Return: 3.51 % Date: 9/30/2008
Return: 8.92 % Date: 8/31/2008
Return: 7.22 % Date: 7/31/2008
Return: -1.21 % Date: 6/30/2008
Return: 0.11 % Date: 5/31/2008
Return: 7.03 % Date: 4/30/2008
Return: 1.78 % Date: 3/31/2008
Return: -2.05 % Date: 2/29/2008
Return: 8.69 % Date: 1/31/2008
Return: 11.85 % Date: 12/31/2007
Return: 0.18 % Date: 11/30/2007
Return: 5.17 % Date: 10/31/2007
Return: 0.65 % Date: 9/30/2007
Return: 1.67 % Date: 8/31/2007
Return: -8.68 % Date: 7/31/2007
Return: -1.38 % Date: 6/30/2007
Return: -2.95 % Date: 5/31/2007
Return: -0.69 % Date: 4/30/2007
Return: 7.69 % Date: 3/31/2007
Return: 3.95 % Date: 2/28/2007
Return: -2.70 % Date: 1/31/2007
Return: 5.59 % Date: 12/31/2006
Return: 0.48 % Date: 11/30/2006
Return: -0.32 % Date: 10/31/2006
Return: -4.34 % Date: 9/30/2006
Return: 4.51 % Date: 8/31/2006
Return: 3.78 % Date: 7/31/2006
Return: -7.65 % Date: 6/30/2006
Return: -5.47 % Date: 5/31/2006
Return: 1.12 % Date: 4/30/2006
Return: 0.67 % Date: 3/31/2006
Return: 0.65 % Date: 2/28/2006
Return: -3.30 % Date: 1/31/2006
Return: 5.39 % Date: 12/31/2005
Return: -3.28 % Date: 11/30/2005
Return: 3.72 % Date: 10/31/2005
Return: 2.20 % Date: 9/30/2005
Return: -0.44 % Date: 8/31/2005
Return: -3.40 % Date: 7/31/2005
Return: 0.66 % Date: 6/30/2005
Return: -3.49 % Date: 5/31/2005
Return: 2.39 % Date: 4/30/2005
Return: -3.01 % Date: 3/31/2005
Return: -4.57 % Date: 2/28/2005
Return: 0.92 % Date: 1/31/2005
Return: -8.62 % Date: 12/31/2004
Return: 1.26 % Date: 11/30/2004
Return: -0.20 % Date: 10/31/2004
Return: 0.94 % Date: 9/30/2004
Return: 1.68 % Date: 8/31/2004
Return: -0.15 % Date: 7/31/2004
Return: -3.13 % Date: 6/30/2004
Return: -5.36 % Date: 5/31/2004
Return: -9.85 % Date: 4/30/2004
Return: -2.07 % Date: 3/31/2004
Return: 1.08 % Date: 2/29/2004
Return: 4.96 % Date: 1/31/2004
Return: 5.39 % Date: 12/31/2003
Return: 4.90 % Date: 11/30/2003
Return: -2.36 % Date: 10/31/2003
Return: 2.81 % Date: 9/30/2003
Return: -7.72 % Date: 8/31/2003
Return: -0.51 % Date: 7/31/2003
Return: -2.83 % Date: 6/30/2003
Return: -4.63 % Date: 5/31/2003
Return: 6.41 % Date: 4/30/2003
Return: 4.32 % Date: 3/31/2003
Return: -12.99 % Date: 2/28/2003
Return: 8.58 % Date: 1/31/2003
Return: 6.83 % Date: 12/31/2002
Return: 4.49 % Date: 11/30/2002
Return: -8.97 % Date: 10/31/2002
Return: -5.08 % Date: 9/30/2002
Return: 7.77 % Date: 8/31/2002
Return: 6.33 % Date: 7/31/2002
Return: 18.17 % Date: 6/30/2002
Return: 21.73 % Date: 5/31/2002
Return: 4.01 % Date: 4/30/2002
Return: -12.70 % Date: 3/31/2002
Return: 0.25 % Date: 2/28/2002
Return: -6.85 % Date: 1/31/2002
Return: -6.35 % Date: 12/31/2001
Return: -9.11 % Date: 11/30/2001
Return: -7.05 % Date: 10/31/2001
Return: 11.71 % Date: 9/30/2001
Return: 20.14 % Date: 8/31/2001
Return: 1.10 % Date: 7/31/2001
Return: -6.50 % Date: 6/30/2001
Return: 2.32 % Date: 5/31/2001
Return: 12.21 % Date: 4/30/2001
Return: -7.55 % Date: 3/31/2001
Return: 17.96 % Date: 2/28/2001
Return: -3.46 % Date: 1/31/2001
Return: -7.05 % Date: 12/31/2000
Return: 15.30 % Date: 11/30/2000
Return: 6.32 % Date: 10/31/2000
Return: 10.04 % Date: 9/30/2000
Return: -2.47 % Date: 8/31/2000
Return: 7.71 % Date: 7/31/2000
Return: -7.31 % Date: 6/30/2000
Return: 5.16 % Date: 5/31/2000
Return: 9.59 % Date: 4/30/2000
Return: 0.59 % Date: 3/31/2000
Return: -10.10 % Date: 2/29/2000
Return: -6.18 % Date: 1/31/2000
Return: -2.18 % Date: 12/31/1999
Return: 10.58 % Date: 11/30/1999
Return: 5.12 % Date: 10/31/1999
Return: -12.25 % Date: 9/30/1999
Return: 1.97 % Date: 8/31/1999
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 08/99 - 03/17
Return: -11.00 %
Count: 1 Return: 13.00 %
Count: 1 Return: -4.00 %
Count: 8 Return: 3.00 %
Count: 4 Return: -1.00 %
Count: 16 Return: 9.00 %
Count: 6 Return: 7.00 %
Count: 5 Return: -5.00 %
Count: 10 Return: 22.00 %
Count: 1 Return: 4.00 %
Count: 13 Return: -13.00 %
Count: 2 Return: -9.00 %
Count: 6 Return: 20.00 %
Count: 1 Return: 12.00 %
Count: 4 Return: -8.00 %
Count: 3 Return: 18.00 %
Count: 2 Return: -3.00 %
Count: 15 Return: 15.00 %
Count: 1 Return: 6.00 %
Count: 9 Return: 8.00 %
Count: 7 Return: -7.00 %
Count: 7 Return: 10.00 %
Count: 4 Return: 1.00 %
Count: 24 Return: -10.00 %
Count: 2 Return: -6.00 %
Count: 5 Return: -2.00 %
Count: 13 Return: 11.00 %
Count: 2 Return: 5.00 %
Count: 12 Return: -12.00 %
Count: 1 Return: 2.00 %
Count: 11 Return: 0.00 %
Count: 16
Note: All performance data is since program inception.

Underwater Curve
Date Range: 08/99 - 03/17
Date: 3/31/2017
Drawdown: -6.99 % Date: 2/28/2017
Drawdown: -3.21 % Date: 1/31/2017
Drawdown: -3.02 % Date: 12/31/2016
Drawdown: -1.93 % Date: 11/30/2016
Drawdown: -2.01 % Date: 10/31/2016
Drawdown: -7.60 % Date: 9/30/2016
Drawdown: -4.53 % Date: 8/31/2016
Drawdown: -6.53 % Date: 7/31/2016
Drawdown: 0.00 % Date: 6/30/2016
Drawdown: -0.16 % Date: 5/31/2016
Drawdown: -8.46 % Date: 4/30/2016
Drawdown: -4.50 % Date: 3/31/2016
Drawdown: -9.14 % Date: 2/29/2016
Drawdown: -8.67 % Date: 1/31/2016
Drawdown: -13.44 % Date: 12/31/2015
Drawdown: -13.94 % Date: 11/30/2015
Drawdown: -12.83 % Date: 10/31/2015
Drawdown: -14.68 % Date: 9/30/2015
Drawdown: -11.50 % Date: 8/31/2015
Drawdown: -17.42 % Date: 7/31/2015
Drawdown: -13.87 % Date: 6/30/2015
Drawdown: -7.92 % Date: 5/31/2015
Drawdown: -5.98 % Date: 4/30/2015
Drawdown: -2.58 % Date: 3/31/2015
Drawdown: -1.23 % Date: 2/28/2015
Drawdown: -2.54 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -5.86 % Date: 11/30/2014
Drawdown: -6.87 % Date: 10/31/2014
Drawdown: -8.75 % Date: 9/30/2014
Drawdown: -8.07 % Date: 8/31/2014
Drawdown: -11.47 % Date: 7/31/2014
Drawdown: -17.94 % Date: 6/30/2014
Drawdown: -19.02 % Date: 5/31/2014
Drawdown: -16.40 % Date: 4/30/2014
Drawdown: -16.65 % Date: 3/31/2014
Drawdown: -21.18 % Date: 2/28/2014
Drawdown: -21.63 % Date: 1/31/2014
Drawdown: -24.85 % Date: 12/31/2013
Drawdown: -23.46 % Date: 11/30/2013
Drawdown: -22.80 % Date: 10/31/2013
Drawdown: -22.62 % Date: 9/30/2013
Drawdown: -26.13 % Date: 8/31/2013
Drawdown: -25.68 % Date: 7/31/2013
Drawdown: -26.54 % Date: 6/30/2013
Drawdown: -25.67 % Date: 5/31/2013
Drawdown: -21.61 % Date: 4/30/2013
Drawdown: -16.53 % Date: 3/31/2013
Drawdown: -16.09 % Date: 2/28/2013
Drawdown: -18.37 % Date: 1/31/2013
Drawdown: -14.81 % Date: 12/31/2012
Drawdown: -15.84 % Date: 11/30/2012
Drawdown: -18.75 % Date: 10/31/2012
Drawdown: -19.64 % Date: 9/30/2012
Drawdown: -13.78 % Date: 8/31/2012
Drawdown: -14.29 % Date: 7/31/2012
Drawdown: -10.05 % Date: 6/30/2012
Drawdown: -16.84 % Date: 5/31/2012
Drawdown: -8.58 % Date: 4/30/2012
Drawdown: -13.63 % Date: 3/31/2012
Drawdown: -9.97 % Date: 2/29/2012
Drawdown: -5.35 % Date: 1/31/2012
Drawdown: -7.67 % Date: 12/31/2011
Drawdown: -6.22 % Date: 11/30/2011
Drawdown: -6.04 % Date: 10/31/2011
Drawdown: -10.65 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -3.24 % Date: 6/30/2011
Drawdown: -3.86 % Date: 5/31/2011
Drawdown: -1.58 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -4.73 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -1.24 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: -3.01 % Date: 7/31/2010
Drawdown: -10.31 % Date: 6/30/2010
Drawdown: -8.09 % Date: 5/31/2010
Drawdown: -13.25 % Date: 4/30/2010
Drawdown: -8.10 % Date: 3/31/2010
Drawdown: -5.59 % Date: 2/28/2010
Drawdown: -12.30 % Date: 1/31/2010
Drawdown: -13.41 % Date: 12/31/2009
Drawdown: -8.69 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: -4.16 % Date: 9/30/2009
Drawdown: 0.00 % Date: 8/31/2009
Drawdown: 0.00 % Date: 7/31/2009
Drawdown: -3.36 % Date: 6/30/2009
Drawdown: -2.14 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: -3.93 % Date: 3/31/2009
Drawdown: -2.48 % Date: 2/28/2009
Drawdown: -0.08 % Date: 1/31/2009
Drawdown: -0.36 % 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: 0.00 % Date: 8/31/2008
Drawdown: -4.78 % Date: 7/31/2008
Drawdown: -11.19 % Date: 6/30/2008
Drawdown: -10.10 % Date: 5/31/2008
Drawdown: -10.20 % Date: 4/30/2008
Drawdown: -16.10 % Date: 3/31/2008
Drawdown: -17.57 % Date: 2/29/2008
Drawdown: -15.84 % Date: 1/31/2008
Drawdown: -22.57 % Date: 12/31/2007
Drawdown: -30.77 % Date: 11/30/2007
Drawdown: -30.90 % Date: 10/31/2007
Drawdown: -34.30 % Date: 9/30/2007
Drawdown: -34.72 % Date: 8/31/2007
Drawdown: -35.79 % Date: 7/31/2007
Drawdown: -29.69 % Date: 6/30/2007
Drawdown: -28.71 % Date: 5/31/2007
Drawdown: -26.54 % Date: 4/30/2007
Drawdown: -26.03 % Date: 3/31/2007
Drawdown: -31.31 % Date: 2/28/2007
Drawdown: -33.92 % Date: 1/31/2007
Drawdown: -32.09 % Date: 12/31/2006
Drawdown: -35.68 % Date: 11/30/2006
Drawdown: -35.99 % Date: 10/31/2006
Drawdown: -35.78 % Date: 9/30/2006
Drawdown: -32.87 % Date: 8/31/2006
Drawdown: -35.77 % Date: 7/31/2006
Drawdown: -38.11 % Date: 6/30/2006
Drawdown: -32.98 % Date: 5/31/2006
Drawdown: -29.10 % Date: 4/30/2006
Drawdown: -29.89 % Date: 3/31/2006
Drawdown: -30.35 % Date: 2/28/2006
Drawdown: -30.80 % Date: 1/31/2006
Drawdown: -28.44 % Date: 12/31/2005
Drawdown: -32.10 % Date: 11/30/2005
Drawdown: -29.80 % Date: 10/31/2005
Drawdown: -32.32 % Date: 9/30/2005
Drawdown: -33.77 % Date: 8/31/2005
Drawdown: -33.48 % Date: 7/31/2005
Drawdown: -31.14 % Date: 6/30/2005
Drawdown: -31.59 % Date: 5/31/2005
Drawdown: -29.12 % Date: 4/30/2005
Drawdown: -30.77 % Date: 3/31/2005
Drawdown: -28.62 % Date: 2/28/2005
Drawdown: -25.21 % Date: 1/31/2005
Drawdown: -25.89 % Date: 12/31/2004
Drawdown: -18.90 % Date: 11/30/2004
Drawdown: -19.91 % Date: 10/31/2004
Drawdown: -19.75 % Date: 9/30/2004
Drawdown: -20.49 % Date: 8/31/2004
Drawdown: -21.81 % Date: 7/31/2004
Drawdown: -21.69 % Date: 6/30/2004
Drawdown: -19.16 % Date: 5/31/2004
Drawdown: -14.58 % Date: 4/30/2004
Drawdown: -5.25 % Date: 3/31/2004
Drawdown: -3.24 % Date: 2/29/2004
Drawdown: -4.28 % Date: 1/31/2004
Drawdown: -8.80 % Date: 12/31/2003
Drawdown: -13.47 % Date: 11/30/2003
Drawdown: -17.51 % Date: 10/31/2003
Drawdown: -15.51 % Date: 9/30/2003
Drawdown: -17.82 % Date: 8/31/2003
Drawdown: -10.95 % Date: 7/31/2003
Drawdown: -10.49 % Date: 6/30/2003
Drawdown: -7.88 % Date: 5/31/2003
Drawdown: -3.41 % Date: 4/30/2003
Drawdown: -9.23 % Date: 3/31/2003
Drawdown: -12.99 % Date: 2/28/2003
Drawdown: 0.00 % Date: 1/31/2003
Drawdown: -3.55 % Date: 12/31/2002
Drawdown: -9.71 % Date: 11/30/2002
Drawdown: -13.59 % Date: 10/31/2002
Drawdown: -5.08 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: 0.00 % Date: 7/31/2002
Drawdown: -3.50 % Date: 6/30/2002
Drawdown: -18.34 % Date: 5/31/2002
Drawdown: -32.91 % Date: 4/30/2002
Drawdown: -35.50 % Date: 3/31/2002
Drawdown: -26.12 % Date: 2/28/2002
Drawdown: -26.30 % Date: 1/31/2002
Drawdown: -20.88 % Date: 12/31/2001
Drawdown: -15.52 % Date: 11/30/2001
Drawdown: -7.05 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: -5.47 % Date: 7/31/2001
Drawdown: -6.50 % Date: 6/30/2001
Drawdown: 0.00 % Date: 5/31/2001
Drawdown: 0.00 % Date: 4/30/2001
Drawdown: -7.55 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: -10.27 % Date: 1/31/2001
Drawdown: -7.05 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: 0.00 % Date: 10/31/2000
Drawdown: 0.00 % Date: 9/30/2000
Drawdown: -6.87 % Date: 8/31/2000
Drawdown: -4.51 % Date: 7/31/2000
Drawdown: -11.35 % Date: 6/30/2000
Drawdown: -4.36 % Date: 5/31/2000
Drawdown: -9.05 % Date: 4/30/2000
Drawdown: -17.01 % Date: 3/31/2000
Drawdown: -17.49 % Date: 2/29/2000
Drawdown: -8.23 % Date: 1/31/2000
Drawdown: -2.18 % Date: 12/31/1999
Drawdown: 0.00 % Date: 11/30/1999
Drawdown: -7.76 % Date: 10/31/1999
Drawdown: -12.25 % Date: 9/30/1999
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Hamer Trading, Inc.
Address: 5388 Discovery Park Blvd. Suite 210
City: Williamsburg
State: VA
Zip: 23188
Country: USA
Key People
Name:  James Hamer II
Position:  Principal
Biography: 

James Prendergast Hamer II is the President and sole shareholder of the company. Mr. Hamer has over 15 years experience in the futures trading business. Since June of 1983, Mr. Hamer’s career was concentrated in the hardwood lumber industry, where he managed various operations for his family’s business, The Jim C. Hamer Company. Mr. Hamer was Vice President of Jim C. Hamer Co. and worked full time for that enterprise from May 1982 through December 1987 and again full time from September 1989 through February 1997. In early 1988, Mr. Hamer became a member of the Chicago Mercantile Exchange, where he traded for his own account as a floor trader for over a year. Beginning in March 1997, Mr. Hamer studied systematic trend following approaches to the market under the guidance of Ed Seykota, a well-known and respected commodity trade featured in the book Market Wizards by Jack Schwager. Since February 1997, Mr. Hamer has devoted his full time attention to the research of market trends and to the management of capital in the commodity and futures arena. After his training with Mr. Seykota, Mr. Hamer began managing proprietary accounts in June of 1997 and was registered as a Commodity Trading Advisor in June of 1998.


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.