Altegris Clearing Solutions Altis Partners (Jersey) Limited Global Futures Portfolio
Monthly Performance (%)
Date Range: 07/01 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 8.92 -1.22 7.59
2016 -0.77 1.99 -9.12 -5.73 -2.81 6.71 1.74 -7.39 8.88 -5.00 -12.36 -5.62 -27.51
2015 9.64 -4.94 5.98 -3.84 -2.43 -10.53 5.16 -1.64 2.93 1.24 4.10 -5.27 -1.44
2014 -8.24 0.33 -1.70 0.80 -1.73 7.59 -4.62 0.69 11.55 -2.58 6.85 4.32 12.20
2013 6.24 -5.10 1.56 1.87 -0.20 1.69 -3.06 -2.96 -5.54 -1.38 2.78 0.91 -3.79
2012 -1.12 0.39 -1.06 0.60 0.98 -1.87 6.57 -1.99 -5.80 -3.82 -2.47 -0.44 -10.04
2011 -6.50 -0.63 -7.83 2.50 -7.01 -4.07 4.56 -5.76 -3.80 -4.80 0.40 1.90 -27.71
2010 -2.50 1.19 4.93 0.45 -4.37 -3.69 0.01 6.69 2.94 4.18 -3.69 5.62 11.48
2009 -3.21 0.18 -2.38 -1.64 2.47 -3.23 -0.31 1.84 2.13 -5.22 3.86 -2.86 -8.46
2008 -4.31 22.21 -7.22 -1.81 10.57 13.99 -17.45 -7.43 9.05 23.22 3.74 6.22 51.93
2007 2.13 -3.91 -4.58 7.02 3.10 9.43 -5.78 -5.23 8.71 9.19 -4.06 4.21 19.81
2006 7.51 -5.67 7.16 13.12 0.37 -4.75 -5.49 4.64 0.69 2.17 3.56 4.08 28.88
2005 -2.39 -4.41 3.27 -3.56 0.47 2.31 4.79 4.79 13.02 -4.52 14.03 -0.81 28.02
2004 6.19 14.55 -0.10 -11.03 -5.25 -4.22 2.03 -5.36 2.72 2.77 -1.41 0.00 -1.40
2003 10.12 7.80 -9.51 5.35 5.77 -3.31 -5.83 -3.92 -1.44 13.07 1.04 6.45 25.52
2002 -3.18 0.18 -6.31 3.54 1.87 7.64 3.65 5.21 10.50 -4.47 2.42 8.11 31.51
2001 2.70 6.02 5.78 -6.25 0.30 8.30
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Altis Global Futures Portfolio (GFP) is a diversified systematic managed futures program. The GFP trades over 100 exchange-traded futures markets across a wide range of sectors using the Altis proprietary trading system. The Altis trading system incorporates a wide array of price-based forecasting techniques designed to capture a variety of generic and persistent market behaviors across multiple timeframes. The system’s Advanced Asset Allocator rebalances the portfolio dynamically on a daily basis using an evolved mean/variance optimization approach. The Altis trading system is the outcome of rigorous research into markets combining established scientific principles and advanced technology. The components of the Altis system are seamlessly integrated with robust inbuilt risk controls, and operations are 100% automated using highly advanced, scalable infrastructure.

Performance Statistics
Date Range: 07/01 - 02/17
  Program SP500 TR Altegris 40
Total Return 191.56% 164.49% 106.20%
Annualized Return 7.11% 6.40% 4.73%
Annualized Std. Deviation 20.91% 14.43% 10.12%
Correlation -0.13 0.71
Sharpe Ratio (rf=2.5%) 0.22 0.27 0.22
Worst Month -17.45% -16.79% -7.77%
Date of Worst Month 07/2008 10/2008 11/2001
Worst Drawdown -49.84% -50.95% -15.74%
Date of Worst Drawdown 12/10 - 12/16 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 07/01 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 7.59 5.95 0.86
2016 -27.51 11.98 -3.13
2015 -1.44 1.41 0.09
2014 12.20 13.69 15.75
2013 -3.79 32.41 -2.45
2012 -10.04 15.98 -4.75
2011 -27.71 2.12 -3.23
2010 11.48 15.06 11.33
2009 -8.46 26.45 -7.98
2008 51.93 -36.99 15.47
2007 19.81 5.50 7.18
2006 28.88 15.79 6.70
2005 28.02 4.89 4.51
2004 -1.40 10.87 2.57
2003 25.52 28.69 15.99
2002 31.51 -22.10 15.22
2001 8.30 -4.62 4.30
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 07/01 - 02/17
Date: 2/28/2017
Perf: $2,057.44 Date: 1/31/2017
Perf: $2,013.55 Date: 12/31/2016
Perf: $2,039.86 Date: 11/30/2016
Perf: $2,024.48 Date: 10/31/2016
Perf: $2,046.99 Date: 9/30/2016
Perf: $2,101.21 Date: 8/31/2016
Perf: $2,128.67 Date: 7/31/2016
Perf: $2,187.51 Date: 6/30/2016
Perf: $2,165.42 Date: 5/31/2016
Perf: $2,077.14 Date: 4/30/2016
Perf: $2,114.14 Date: 3/31/2016
Perf: $2,168.57 Date: 2/29/2016
Perf: $2,232.65 Date: 1/31/2016
Perf: $2,179.04 Date: 12/31/2015
Perf: $2,105.76 Date: 11/30/2015
Perf: $2,155.34 Date: 10/31/2015
Perf: $2,084.26 Date: 9/30/2015
Perf: $2,121.17 Date: 8/31/2015
Perf: $2,076.12 Date: 7/31/2015
Perf: $2,112.67 Date: 6/30/2015
Perf: $2,033.17 Date: 5/31/2015
Perf: $2,144.70 Date: 4/30/2015
Perf: $2,160.25 Date: 3/31/2015
Perf: $2,246.98 Date: 2/28/2015
Perf: $2,198.40 Date: 1/31/2015
Perf: $2,201.92 Date: 12/31/2014
Perf: $2,103.88 Date: 11/30/2014
Perf: $2,067.49 Date: 10/31/2014
Perf: $1,951.39 Date: 9/30/2014
Perf: $1,923.12 Date: 8/31/2014
Perf: $1,894.88 Date: 7/31/2014
Perf: $1,817.98 Date: 6/30/2014
Perf: $1,832.64 Date: 5/31/2014
Perf: $1,817.02 Date: 4/30/2014
Perf: $1,771.66 Date: 3/31/2014
Perf: $1,758.30 Date: 2/28/2014
Perf: $1,784.71 Date: 1/31/2014
Perf: $1,770.20 Date: 12/31/2013
Perf: $1,817.64 Date: 11/30/2013
Perf: $1,820.19 Date: 10/31/2013
Perf: $1,787.83 Date: 9/30/2013
Perf: $1,747.80 Date: 8/31/2013
Perf: $1,758.35 Date: 7/31/2013
Perf: $1,792.77 Date: 6/30/2013
Perf: $1,808.51 Date: 5/31/2013
Perf: $1,879.75 Date: 4/30/2013
Perf: $1,964.21 Date: 3/31/2013
Perf: $1,914.81 Date: 2/28/2013
Perf: $1,887.63 Date: 1/31/2013
Perf: $1,898.64 Date: 12/31/2012
Perf: $1,863.24 Date: 11/30/2012
Perf: $1,854.15 Date: 10/31/2012
Perf: $1,848.97 Date: 9/30/2012
Perf: $1,918.42 Date: 8/31/2012
Perf: $1,950.61 Date: 7/31/2012
Perf: $1,977.50 Date: 6/30/2012
Perf: $1,899.80 Date: 5/31/2012
Perf: $1,974.02 Date: 4/30/2012
Perf: $1,937.21 Date: 3/31/2012
Perf: $1,925.66 Date: 2/29/2012
Perf: $1,970.39 Date: 1/31/2012
Perf: $1,962.34 Date: 12/31/2011
Perf: $1,956.08 Date: 11/30/2011
Perf: $1,937.48 Date: 10/31/2011
Perf: $1,931.69 Date: 9/30/2011
Perf: $2,011.34 Date: 8/31/2011
Perf: $2,012.55 Date: 7/31/2011
Perf: $2,016.58 Date: 6/30/2011
Perf: $1,946.69 Date: 5/31/2011
Perf: $1,998.66 Date: 4/30/2011
Perf: $2,074.37 Date: 3/31/2011
Perf: $1,996.51 Date: 2/28/2011
Perf: $2,027.53 Date: 1/31/2011
Perf: $1,993.64 Date: 12/31/2010
Perf: $2,021.33 Date: 11/30/2010
Perf: $1,938.18 Date: 10/31/2010
Perf: $2,009.31 Date: 9/30/2010
Perf: $1,934.26 Date: 8/31/2010
Perf: $1,899.69 Date: 7/31/2010
Perf: $1,824.17 Date: 6/30/2010
Perf: $1,848.01 Date: 5/31/2010
Perf: $1,841.01 Date: 4/30/2010
Perf: $1,886.67 Date: 3/31/2010
Perf: $1,858.05 Date: 2/28/2010
Perf: $1,787.11 Date: 1/31/2010
Perf: $1,770.46 Date: 12/31/2009
Perf: $1,815.67 Date: 11/30/2009
Perf: $1,891.33 Date: 10/31/2009
Perf: $1,818.06 Date: 9/30/2009
Perf: $1,865.82 Date: 8/31/2009
Perf: $1,822.45 Date: 7/31/2009
Perf: $1,816.46 Date: 6/30/2009
Perf: $1,818.46 Date: 5/31/2009
Perf: $1,868.15 Date: 4/30/2009
Perf: $1,842.72 Date: 3/31/2009
Perf: $1,905.01 Date: 2/28/2009
Perf: $1,959.28 Date: 1/31/2009
Perf: $1,960.27 Date: 12/31/2008
Perf: $1,973.09 Date: 11/30/2008
Perf: $1,923.65 Date: 10/31/2008
Perf: $1,855.55 Date: 9/30/2008
Perf: $1,764.67 Date: 8/31/2008
Perf: $1,760.97 Date: 7/31/2008
Perf: $1,809.28 Date: 6/30/2008
Perf: $1,896.32 Date: 5/31/2008
Perf: $1,847.01 Date: 4/30/2008
Perf: $1,809.73 Date: 3/31/2008
Perf: $1,830.78 Date: 2/29/2008
Perf: $1,838.87 Date: 1/31/2008
Perf: $1,739.87 Date: 12/31/2007
Perf: $1,708.77 Date: 11/30/2007
Perf: $1,712.71 Date: 10/31/2007
Perf: $1,723.92 Date: 9/30/2007
Perf: $1,652.69 Date: 8/31/2007
Perf: $1,578.95 Date: 7/31/2007
Perf: $1,640.13 Date: 6/30/2007
Perf: $1,692.42 Date: 5/31/2007
Perf: $1,644.89 Date: 4/30/2007
Perf: $1,588.19 Date: 3/31/2007
Perf: $1,524.17 Date: 2/28/2007
Perf: $1,560.69 Date: 1/31/2007
Perf: $1,621.50 Date: 12/31/2006
Perf: $1,594.24 Date: 11/30/2006
Perf: $1,542.11 Date: 10/31/2006
Perf: $1,505.24 Date: 9/30/2006
Perf: $1,488.86 Date: 8/31/2006
Perf: $1,504.81 Date: 7/31/2006
Perf: $1,488.14 Date: 6/30/2006
Perf: $1,510.50 Date: 5/31/2006
Perf: $1,531.48 Date: 4/30/2006
Perf: $1,573.17 Date: 3/31/2006
Perf: $1,535.70 Date: 2/28/2006
Perf: $1,495.62 Date: 1/31/2006
Perf: $1,522.72 Date: 12/31/2005
Perf: $1,494.18 Date: 11/30/2005
Perf: $1,521.72 Date: 10/31/2005
Perf: $1,459.13 Date: 9/30/2005
Perf: $1,456.80 Date: 8/31/2005
Perf: $1,434.70 Date: 7/31/2005
Perf: $1,427.00 Date: 6/30/2005
Perf: $1,426.14 Date: 5/31/2005
Perf: $1,379.11 Date: 4/30/2005
Perf: $1,337.78 Date: 3/31/2005
Perf: $1,371.37 Date: 2/28/2005
Perf: $1,379.10 Date: 1/31/2005
Perf: $1,369.65 Date: 12/31/2004
Perf: $1,429.69 Date: 11/30/2004
Perf: $1,424.99 Date: 10/31/2004
Perf: $1,351.86 Date: 9/30/2004
Perf: $1,307.15 Date: 8/31/2004
Perf: $1,289.74 Date: 7/31/2004
Perf: $1,298.70 Date: 6/30/2004
Perf: $1,313.68 Date: 5/31/2004
Perf: $1,358.51 Date: 4/30/2004
Perf: $1,380.46 Date: 3/31/2004
Perf: $1,472.02 Date: 2/29/2004
Perf: $1,486.58 Date: 1/31/2004
Perf: $1,407.22 Date: 12/31/2003
Perf: $1,393.84 Date: 11/30/2003
Perf: $1,335.99 Date: 10/31/2003
Perf: $1,340.01 Date: 9/30/2003
Perf: $1,310.52 Date: 8/31/2003
Perf: $1,316.58 Date: 7/31/2003
Perf: $1,304.32 Date: 6/30/2003
Perf: $1,334.48 Date: 5/31/2003
Perf: $1,368.83 Date: 4/30/2003
Perf: $1,292.94 Date: 3/31/2003
Perf: $1,274.21 Date: 2/28/2003
Perf: $1,351.51 Date: 1/31/2003
Perf: $1,275.37 Date: 12/31/2002
Perf: $1,201.71 Date: 11/30/2002
Perf: $1,132.73 Date: 10/31/2002
Perf: $1,164.88 Date: 9/30/2002
Perf: $1,228.51 Date: 8/31/2002
Perf: $1,174.38 Date: 7/31/2002
Perf: $1,146.74 Date: 6/30/2002
Perf: $1,088.61 Date: 5/31/2002
Perf: $1,000.19 Date: 4/30/2002
Perf: $974.94 Date: 3/31/2002
Perf: $998.50 Date: 2/28/2002
Perf: $1,001.41 Date: 1/31/2002
Perf: $1,030.47 Date: 12/31/2001
Perf: $1,042.98 Date: 11/30/2001
Perf: $1,021.43 Date: 10/31/2001
Perf: $1,107.48 Date: 9/30/2001
Perf: $1,061.62 Date: 8/31/2001
Perf: $1,029.90 Date: 7/31/2001
Perf: $1,000.00 Date: 2/28/2017
Perf: $2,671.04 Date: 1/31/2017
Perf: $2,569.05 Date: 12/31/2016
Perf: $2,521.15 Date: 11/30/2016
Perf: $2,472.20 Date: 10/31/2016
Perf: $2,383.99 Date: 9/30/2016
Perf: $2,428.19 Date: 8/31/2016
Perf: $2,427.70 Date: 7/31/2016
Perf: $2,424.31 Date: 6/30/2016
Perf: $2,338.03 Date: 5/31/2016
Perf: $2,331.97 Date: 4/30/2016
Perf: $2,290.74 Date: 3/31/2016
Perf: $2,281.84 Date: 2/29/2016
Perf: $2,136.95 Date: 1/31/2016
Perf: $2,139.73 Date: 12/31/2015
Perf: $2,251.40 Date: 11/30/2015
Perf: $2,287.55 Date: 10/31/2015
Perf: $2,280.70 Date: 9/30/2015
Perf: $2,103.19 Date: 8/31/2015
Perf: $2,156.46 Date: 7/31/2015
Perf: $2,294.84 Date: 6/30/2015
Perf: $2,247.64 Date: 5/31/2015
Perf: $2,292.10 Date: 4/30/2015
Perf: $2,262.91 Date: 3/31/2015
Perf: $2,241.39 Date: 2/28/2015
Perf: $2,277.38 Date: 1/31/2015
Perf: $2,153.55 Date: 12/31/2014
Perf: $2,220.15 Date: 11/30/2014
Perf: $2,225.72 Date: 10/31/2014
Perf: $2,167.41 Date: 9/30/2014
Perf: $2,115.79 Date: 8/31/2014
Perf: $2,145.83 Date: 7/31/2014
Perf: $2,063.30 Date: 6/30/2014
Perf: $2,092.17 Date: 5/31/2014
Perf: $2,049.74 Date: 4/30/2014
Perf: $2,002.68 Date: 3/31/2014
Perf: $1,987.97 Date: 2/28/2014
Perf: $1,971.41 Date: 1/31/2014
Perf: $1,885.25 Date: 12/31/2013
Perf: $1,952.82 Date: 11/30/2013
Perf: $1,904.63 Date: 10/31/2013
Perf: $1,848.26 Date: 9/30/2013
Perf: $1,766.98 Date: 8/31/2013
Perf: $1,713.18 Date: 7/31/2013
Perf: $1,764.35 Date: 6/30/2013
Perf: $1,678.89 Date: 5/31/2013
Perf: $1,701.70 Date: 4/30/2013
Perf: $1,662.79 Date: 3/31/2013
Perf: $1,631.30 Date: 2/28/2013
Perf: $1,572.34 Date: 1/31/2013
Perf: $1,551.24 Date: 12/31/2012
Perf: $1,474.85 Date: 11/30/2012
Perf: $1,461.55 Date: 10/31/2012
Perf: $1,453.12 Date: 9/30/2012
Perf: $1,480.51 Date: 8/31/2012
Perf: $1,443.27 Date: 7/31/2012
Perf: $1,411.51 Date: 6/30/2012
Perf: $1,392.16 Date: 5/31/2012
Perf: $1,337.07 Date: 4/30/2012
Perf: $1,422.57 Date: 3/31/2012
Perf: $1,431.59 Date: 2/29/2012
Perf: $1,385.99 Date: 1/31/2012
Perf: $1,328.60 Date: 12/31/2011
Perf: $1,271.63 Date: 11/30/2011
Perf: $1,258.79 Date: 10/31/2011
Perf: $1,261.56 Date: 9/30/2011
Perf: $1,137.26 Date: 8/31/2011
Perf: $1,223.25 Date: 7/31/2011
Perf: $1,293.49 Date: 6/30/2011
Perf: $1,320.29 Date: 5/31/2011
Perf: $1,342.72 Date: 4/30/2011
Perf: $1,358.06 Date: 3/31/2011
Perf: $1,319.02 Date: 2/28/2011
Perf: $1,318.49 Date: 1/31/2011
Perf: $1,274.77 Date: 12/31/2010
Perf: $1,245.26 Date: 11/30/2010
Perf: $1,167.28 Date: 10/31/2010
Perf: $1,167.16 Date: 9/30/2010
Perf: $1,124.33 Date: 8/31/2010
Perf: $1,032.25 Date: 7/31/2010
Perf: $1,081.00 Date: 6/30/2010
Perf: $1,010.19 Date: 5/31/2010
Perf: $1,065.94 Date: 4/30/2010
Perf: $1,158.50 Date: 3/31/2010
Perf: $1,140.48 Date: 2/28/2010
Perf: $1,075.62 Date: 1/31/2010
Perf: $1,043.28 Date: 12/31/2009
Perf: $1,082.24 Date: 11/30/2009
Perf: $1,061.75 Date: 10/31/2009
Perf: $1,001.65 Date: 9/30/2009
Perf: $1,020.63 Date: 8/31/2009
Perf: $983.93 Date: 7/31/2009
Perf: $949.65 Date: 6/30/2009
Perf: $882.90 Date: 5/31/2009
Perf: $881.14 Date: 4/30/2009
Perf: $834.49 Date: 3/31/2009
Perf: $761.61 Date: 2/28/2009
Perf: $700.26 Date: 1/31/2009
Perf: $783.73 Date: 12/31/2008
Perf: $855.88 Date: 11/30/2008
Perf: $846.91 Date: 10/31/2008
Perf: $912.42 Date: 9/30/2008
Perf: $1,096.52 Date: 8/31/2008
Perf: $1,203.78 Date: 7/31/2008
Perf: $1,186.58 Date: 6/30/2008
Perf: $1,196.63 Date: 5/31/2008
Perf: $1,306.79 Date: 4/30/2008
Perf: $1,290.02 Date: 3/31/2008
Perf: $1,230.11 Date: 2/29/2008
Perf: $1,235.42 Date: 1/31/2008
Perf: $1,276.92 Date: 12/31/2007
Perf: $1,358.43 Date: 11/30/2007
Perf: $1,367.87 Date: 10/31/2007
Perf: $1,427.54 Date: 9/30/2007
Perf: $1,405.20 Date: 8/31/2007
Perf: $1,354.54 Date: 7/31/2007
Perf: $1,334.52 Date: 6/30/2007
Perf: $1,377.21 Date: 5/31/2007
Perf: $1,400.46 Date: 4/30/2007
Perf: $1,353.23 Date: 3/31/2007
Perf: $1,295.83 Date: 2/28/2007
Perf: $1,281.48 Date: 1/31/2007
Perf: $1,307.09 Date: 12/31/2006
Perf: $1,287.65 Date: 11/30/2006
Perf: $1,269.87 Date: 10/31/2006
Perf: $1,246.20 Date: 9/30/2006
Perf: $1,206.85 Date: 8/31/2006
Perf: $1,176.50 Date: 7/31/2006
Perf: $1,149.15 Date: 6/30/2006
Perf: $1,142.07 Date: 5/31/2006
Perf: $1,140.47 Date: 4/30/2006
Perf: $1,174.29 Date: 3/31/2006
Perf: $1,158.76 Date: 2/28/2006
Perf: $1,144.57 Date: 1/31/2006
Perf: $1,141.49 Date: 12/31/2005
Perf: $1,112.02 Date: 11/30/2005
Perf: $1,111.69 Date: 10/31/2005
Perf: $1,071.20 Date: 9/30/2005
Perf: $1,089.39 Date: 8/31/2005
Perf: $1,080.63 Date: 7/31/2005
Perf: $1,090.56 Date: 6/30/2005
Perf: $1,051.45 Date: 5/31/2005
Perf: $1,049.98 Date: 4/30/2005
Perf: $1,017.62 Date: 3/31/2005
Perf: $1,037.32 Date: 2/28/2005
Perf: $1,056.02 Date: 1/31/2005
Perf: $1,034.30 Date: 12/31/2004
Perf: $1,060.16 Date: 11/30/2004
Perf: $1,025.30 Date: 10/31/2004
Perf: $985.39 Date: 9/30/2004
Perf: $970.55 Date: 8/31/2004
Perf: $960.18 Date: 7/31/2004
Perf: $956.35 Date: 6/30/2004
Perf: $989.09 Date: 5/31/2004
Perf: $970.27 Date: 4/30/2004
Perf: $957.15 Date: 3/31/2004
Perf: $972.42 Date: 2/29/2004
Perf: $987.33 Date: 1/31/2004
Perf: $973.79 Date: 12/31/2003
Perf: $956.20 Date: 11/30/2003
Perf: $908.59 Date: 10/31/2003
Perf: $900.66 Date: 9/30/2003
Perf: $852.42 Date: 8/31/2003
Perf: $861.55 Date: 7/31/2003
Perf: $845.07 Date: 6/30/2003
Perf: $830.45 Date: 5/31/2003
Perf: $819.96 Date: 4/30/2003
Perf: $778.91 Date: 3/31/2003
Perf: $719.61 Date: 2/28/2003
Perf: $712.70 Date: 1/31/2003
Perf: $723.55 Date: 12/31/2002
Perf: $743.02 Date: 11/30/2002
Perf: $789.36 Date: 10/31/2002
Perf: $745.45 Date: 9/30/2002
Perf: $685.16 Date: 8/31/2002
Perf: $768.71 Date: 7/31/2002
Perf: $763.67 Date: 6/30/2002
Perf: $828.28 Date: 5/31/2002
Perf: $891.77 Date: 4/30/2002
Perf: $898.42 Date: 3/31/2002
Perf: $956.38 Date: 2/28/2002
Perf: $921.72 Date: 1/31/2002
Perf: $939.86 Date: 12/31/2001
Perf: $953.79 Date: 11/30/2001
Perf: $945.47 Date: 10/31/2001
Perf: $878.12 Date: 9/30/2001
Perf: $861.66 Date: 8/31/2001
Perf: $937.40 Date: 7/31/2001
Perf: $1,000.00 Date: 2/28/2017
Perf: $2,915.62 Date: 1/31/2017
Perf: $2,951.63 Date: 12/31/2016
Perf: $2,709.91 Date: 11/30/2016
Perf: $2,871.27 Date: 10/31/2016
Perf: $3,276.21 Date: 9/30/2016
Perf: $3,448.64 Date: 8/31/2016
Perf: $3,167.38 Date: 7/31/2016
Perf: $3,420.13 Date: 6/30/2016
Perf: $3,361.63 Date: 5/31/2016
Perf: $3,150.25 Date: 4/30/2016
Perf: $3,241.33 Date: 3/31/2016
Perf: $3,438.35 Date: 2/29/2016
Perf: $3,783.40 Date: 1/31/2016
Perf: $3,709.58 Date: 12/31/2015
Perf: $3,738.36 Date: 11/30/2015
Perf: $3,946.33 Date: 10/31/2015
Perf: $3,790.91 Date: 9/30/2015
Perf: $3,744.48 Date: 8/31/2015
Perf: $3,637.89 Date: 7/31/2015
Perf: $3,698.54 Date: 6/30/2015
Perf: $3,517.06 Date: 5/31/2015
Perf: $3,930.99 Date: 4/30/2015
Perf: $4,028.90 Date: 3/31/2015
Perf: $4,189.78 Date: 2/28/2015
Perf: $3,953.37 Date: 1/31/2015
Perf: $4,158.82 Date: 12/31/2014
Perf: $3,793.16 Date: 11/30/2014
Perf: $3,636.08 Date: 10/31/2014
Perf: $3,402.98 Date: 9/30/2014
Perf: $3,493.10 Date: 8/31/2014
Perf: $3,131.42 Date: 7/31/2014
Perf: $3,109.96 Date: 6/30/2014
Perf: $3,260.60 Date: 5/31/2014
Perf: $3,030.58 Date: 4/30/2014
Perf: $3,083.93 Date: 3/31/2014
Perf: $3,059.46 Date: 2/28/2014
Perf: $3,112.37 Date: 1/31/2014
Perf: $3,102.13 Date: 12/31/2013
Perf: $3,380.70 Date: 11/30/2013
Perf: $3,350.21 Date: 10/31/2013
Perf: $3,259.59 Date: 9/30/2013
Perf: $3,305.21 Date: 8/31/2013
Perf: $3,499.05 Date: 7/31/2013
Perf: $3,605.79 Date: 6/30/2013
Perf: $3,719.60 Date: 5/31/2013
Perf: $3,657.79 Date: 4/30/2013
Perf: $3,665.12 Date: 3/31/2013
Perf: $3,597.84 Date: 2/28/2013
Perf: $3,542.57 Date: 1/31/2013
Perf: $3,732.96 Date: 12/31/2012
Perf: $3,513.70 Date: 11/30/2012
Perf: $3,529.23 Date: 10/31/2012
Perf: $3,618.61 Date: 9/30/2012
Perf: $3,762.33 Date: 8/31/2012
Perf: $3,993.98 Date: 7/31/2012
Perf: $4,075.07 Date: 6/30/2012
Perf: $3,823.85 Date: 5/31/2012
Perf: $3,896.72 Date: 4/30/2012
Perf: $3,858.90 Date: 3/31/2012
Perf: $3,835.88 Date: 2/29/2012
Perf: $3,876.98 Date: 1/31/2012
Perf: $3,861.92 Date: 12/31/2011
Perf: $3,905.66 Date: 11/30/2011
Perf: $3,832.84 Date: 10/31/2011
Perf: $3,817.57 Date: 9/30/2011
Perf: $4,010.05 Date: 8/31/2011
Perf: $4,168.45 Date: 7/31/2011
Perf: $4,423.23 Date: 6/30/2011
Perf: $4,230.33 Date: 5/31/2011
Perf: $4,409.81 Date: 4/30/2011
Perf: $4,742.24 Date: 3/31/2011
Perf: $4,626.57 Date: 2/28/2011
Perf: $5,019.61 Date: 1/31/2011
Perf: $5,051.43 Date: 12/31/2010
Perf: $5,402.60 Date: 11/30/2010
Perf: $5,115.13 Date: 10/31/2010
Perf: $5,311.11 Date: 9/30/2010
Perf: $5,098.01 Date: 8/31/2010
Perf: $4,952.41 Date: 7/31/2010
Perf: $4,641.87 Date: 6/30/2010
Perf: $4,641.41 Date: 5/31/2010
Perf: $4,819.24 Date: 4/30/2010
Perf: $5,039.46 Date: 3/31/2010
Perf: $5,016.89 Date: 2/28/2010
Perf: $4,781.17 Date: 1/31/2010
Perf: $4,724.95 Date: 12/31/2009
Perf: $4,846.10 Date: 11/30/2009
Perf: $4,988.78 Date: 10/31/2009
Perf: $4,803.37 Date: 9/30/2009
Perf: $5,067.91 Date: 8/31/2009
Perf: $4,962.22 Date: 7/31/2009
Perf: $4,872.56 Date: 6/30/2009
Perf: $4,887.71 Date: 5/31/2009
Perf: $5,050.86 Date: 4/30/2009
Perf: $4,929.11 Date: 3/31/2009
Perf: $5,011.29 Date: 2/28/2009
Perf: $5,133.47 Date: 1/31/2009
Perf: $5,124.25 Date: 12/31/2008
Perf: $5,294.19 Date: 11/30/2008
Perf: $4,984.17 Date: 10/31/2008
Perf: $4,804.49 Date: 9/30/2008
Perf: $3,899.11 Date: 8/31/2008
Perf: $3,575.53 Date: 7/31/2008
Perf: $3,862.51 Date: 6/30/2008
Perf: $4,679.00 Date: 5/31/2008
Perf: $4,104.74 Date: 4/30/2008
Perf: $3,712.35 Date: 3/31/2008
Perf: $3,780.78 Date: 2/29/2008
Perf: $4,074.99 Date: 1/31/2008
Perf: $3,334.42 Date: 12/31/2007
Perf: $3,484.61 Date: 11/30/2007
Perf: $3,343.83 Date: 10/31/2007
Perf: $3,485.34 Date: 9/30/2007
Perf: $3,191.99 Date: 8/31/2007
Perf: $2,936.25 Date: 7/31/2007
Perf: $3,098.29 Date: 6/30/2007
Perf: $3,288.35 Date: 5/31/2007
Perf: $3,004.98 Date: 4/30/2007
Perf: $2,914.63 Date: 3/31/2007
Perf: $2,723.44 Date: 2/28/2007
Perf: $2,854.16 Date: 1/31/2007
Perf: $2,970.30 Date: 12/31/2006
Perf: $2,908.35 Date: 11/30/2006
Perf: $2,794.35 Date: 10/31/2006
Perf: $2,698.29 Date: 9/30/2006
Perf: $2,640.98 Date: 8/31/2006
Perf: $2,622.88 Date: 7/31/2006
Perf: $2,506.57 Date: 6/30/2006
Perf: $2,652.18 Date: 5/31/2006
Perf: $2,784.44 Date: 4/30/2006
Perf: $2,774.18 Date: 3/31/2006
Perf: $2,452.42 Date: 2/28/2006
Perf: $2,288.56 Date: 1/31/2006
Perf: $2,426.12 Date: 12/31/2005
Perf: $2,256.64 Date: 11/30/2005
Perf: $2,275.07 Date: 10/31/2005
Perf: $1,995.15 Date: 9/30/2005
Perf: $2,089.60 Date: 8/31/2005
Perf: $1,848.88 Date: 7/31/2005
Perf: $1,764.37 Date: 6/30/2005
Perf: $1,683.72 Date: 5/31/2005
Perf: $1,645.70 Date: 4/30/2005
Perf: $1,638.00 Date: 3/31/2005
Perf: $1,698.47 Date: 2/28/2005
Perf: $1,644.69 Date: 1/31/2005
Perf: $1,720.56 Date: 12/31/2004
Perf: $1,762.69 Date: 11/30/2004
Perf: $1,762.69 Date: 10/31/2004
Perf: $1,787.90 Date: 9/30/2004
Perf: $1,739.71 Date: 8/31/2004
Perf: $1,693.64 Date: 7/31/2004
Perf: $1,789.56 Date: 6/30/2004
Perf: $1,753.96 Date: 5/31/2004
Perf: $1,831.24 Date: 4/30/2004
Perf: $1,932.70 Date: 3/31/2004
Perf: $2,172.31 Date: 2/29/2004
Perf: $2,174.48 Date: 1/31/2004
Perf: $1,898.28 Date: 12/31/2003
Perf: $1,787.63 Date: 11/30/2003
Perf: $1,679.31 Date: 10/31/2003
Perf: $1,662.03 Date: 9/30/2003
Perf: $1,469.91 Date: 8/31/2003
Perf: $1,491.39 Date: 7/31/2003
Perf: $1,552.23 Date: 6/30/2003
Perf: $1,648.33 Date: 5/31/2003
Perf: $1,704.76 Date: 4/30/2003
Perf: $1,611.76 Date: 3/31/2003
Perf: $1,529.91 Date: 2/28/2003
Perf: $1,690.70 Date: 1/31/2003
Perf: $1,568.36 Date: 12/31/2002
Perf: $1,424.23 Date: 11/30/2002
Perf: $1,317.39 Date: 10/31/2002
Perf: $1,286.26 Date: 9/30/2002
Perf: $1,346.45 Date: 8/31/2002
Perf: $1,218.51 Date: 7/31/2002
Perf: $1,158.17 Date: 6/30/2002
Perf: $1,117.38 Date: 5/31/2002
Perf: $1,038.07 Date: 4/30/2002
Perf: $1,019.02 Date: 3/31/2002
Perf: $984.18 Date: 2/28/2002
Perf: $1,050.46 Date: 1/31/2002
Perf: $1,048.57 Date: 12/31/2001
Perf: $1,083.01 Date: 11/30/2001
Perf: $1,079.77 Date: 10/31/2001
Perf: $1,151.76 Date: 9/30/2001
Perf: $1,088.83 Date: 8/31/2001
Perf: $1,027.00 Date: 7/31/2001
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 07/01 - 02/17
Date: 2/28/2017
Return: -1.22 % Date: 1/31/2017
Return: 8.92 % Date: 12/31/2016
Return: -5.62 % Date: 11/30/2016
Return: -12.36 % Date: 10/31/2016
Return: -5.00 % Date: 9/30/2016
Return: 8.88 % Date: 8/31/2016
Return: -7.39 % Date: 7/31/2016
Return: 1.74 % Date: 6/30/2016
Return: 6.71 % Date: 5/31/2016
Return: -2.81 % Date: 4/30/2016
Return: -5.73 % Date: 3/31/2016
Return: -9.12 % Date: 2/29/2016
Return: 1.99 % Date: 1/31/2016
Return: -0.77 % Date: 12/31/2015
Return: -5.27 % Date: 11/30/2015
Return: 4.10 % Date: 10/31/2015
Return: 1.24 % Date: 9/30/2015
Return: 2.93 % Date: 8/31/2015
Return: -1.64 % Date: 7/31/2015
Return: 5.16 % Date: 6/30/2015
Return: -10.53 % Date: 5/31/2015
Return: -2.43 % Date: 4/30/2015
Return: -3.84 % Date: 3/31/2015
Return: 5.98 % Date: 2/28/2015
Return: -4.94 % Date: 1/31/2015
Return: 9.64 % Date: 12/31/2014
Return: 4.32 % Date: 11/30/2014
Return: 6.85 % Date: 10/31/2014
Return: -2.58 % Date: 9/30/2014
Return: 11.55 % Date: 8/31/2014
Return: 0.69 % Date: 7/31/2014
Return: -4.62 % Date: 6/30/2014
Return: 7.59 % Date: 5/31/2014
Return: -1.73 % Date: 4/30/2014
Return: 0.80 % Date: 3/31/2014
Return: -1.70 % Date: 2/28/2014
Return: 0.33 % Date: 1/31/2014
Return: -8.24 % Date: 12/31/2013
Return: 0.91 % Date: 11/30/2013
Return: 2.78 % Date: 10/31/2013
Return: -1.38 % Date: 9/30/2013
Return: -5.54 % Date: 8/31/2013
Return: -2.96 % Date: 7/31/2013
Return: -3.06 % Date: 6/30/2013
Return: 1.69 % Date: 5/31/2013
Return: -0.20 % Date: 4/30/2013
Return: 1.87 % Date: 3/31/2013
Return: 1.56 % Date: 2/28/2013
Return: -5.10 % Date: 1/31/2013
Return: 6.24 % Date: 12/31/2012
Return: -0.44 % Date: 11/30/2012
Return: -2.47 % Date: 10/31/2012
Return: -3.82 % Date: 9/30/2012
Return: -5.80 % Date: 8/31/2012
Return: -1.99 % Date: 7/31/2012
Return: 6.57 % Date: 6/30/2012
Return: -1.87 % Date: 5/31/2012
Return: 0.98 % Date: 4/30/2012
Return: 0.60 % Date: 3/31/2012
Return: -1.06 % Date: 2/29/2012
Return: 0.39 % Date: 1/31/2012
Return: -1.12 % Date: 12/31/2011
Return: 1.90 % Date: 11/30/2011
Return: 0.40 % Date: 10/31/2011
Return: -4.80 % Date: 9/30/2011
Return: -3.80 % Date: 8/31/2011
Return: -5.76 % Date: 7/31/2011
Return: 4.56 % Date: 6/30/2011
Return: -4.07 % Date: 5/31/2011
Return: -7.01 % Date: 4/30/2011
Return: 2.50 % Date: 3/31/2011
Return: -7.83 % Date: 2/28/2011
Return: -0.63 % Date: 1/31/2011
Return: -6.50 % Date: 12/31/2010
Return: 5.62 % Date: 11/30/2010
Return: -3.69 % Date: 10/31/2010
Return: 4.18 % Date: 9/30/2010
Return: 2.94 % Date: 8/31/2010
Return: 6.69 % Date: 7/31/2010
Return: 0.01 % Date: 6/30/2010
Return: -3.69 % Date: 5/31/2010
Return: -4.37 % Date: 4/30/2010
Return: 0.45 % Date: 3/31/2010
Return: 4.93 % Date: 2/28/2010
Return: 1.19 % Date: 1/31/2010
Return: -2.50 % Date: 12/31/2009
Return: -2.86 % Date: 11/30/2009
Return: 3.86 % Date: 10/31/2009
Return: -5.22 % Date: 9/30/2009
Return: 2.13 % Date: 8/31/2009
Return: 1.84 % Date: 7/31/2009
Return: -0.31 % Date: 6/30/2009
Return: -3.23 % Date: 5/31/2009
Return: 2.47 % Date: 4/30/2009
Return: -1.64 % Date: 3/31/2009
Return: -2.38 % Date: 2/28/2009
Return: 0.18 % Date: 1/31/2009
Return: -3.21 % Date: 12/31/2008
Return: 6.22 % Date: 11/30/2008
Return: 3.74 % Date: 10/31/2008
Return: 23.22 % Date: 9/30/2008
Return: 9.05 % Date: 8/31/2008
Return: -7.43 % Date: 7/31/2008
Return: -17.45 % Date: 6/30/2008
Return: 13.99 % Date: 5/31/2008
Return: 10.57 % Date: 4/30/2008
Return: -1.81 % Date: 3/31/2008
Return: -7.22 % Date: 2/29/2008
Return: 22.21 % Date: 1/31/2008
Return: -4.31 % Date: 12/31/2007
Return: 4.21 % Date: 11/30/2007
Return: -4.06 % Date: 10/31/2007
Return: 9.19 % Date: 9/30/2007
Return: 8.71 % Date: 8/31/2007
Return: -5.23 % Date: 7/31/2007
Return: -5.78 % Date: 6/30/2007
Return: 9.43 % Date: 5/31/2007
Return: 3.10 % Date: 4/30/2007
Return: 7.02 % Date: 3/31/2007
Return: -4.58 % Date: 2/28/2007
Return: -3.91 % Date: 1/31/2007
Return: 2.13 % Date: 12/31/2006
Return: 4.08 % Date: 11/30/2006
Return: 3.56 % Date: 10/31/2006
Return: 2.17 % Date: 9/30/2006
Return: 0.69 % Date: 8/31/2006
Return: 4.64 % Date: 7/31/2006
Return: -5.49 % Date: 6/30/2006
Return: -4.75 % Date: 5/31/2006
Return: 0.37 % Date: 4/30/2006
Return: 13.12 % Date: 3/31/2006
Return: 7.16 % Date: 2/28/2006
Return: -5.67 % Date: 1/31/2006
Return: 7.51 % Date: 12/31/2005
Return: -0.81 % Date: 11/30/2005
Return: 14.03 % Date: 10/31/2005
Return: -4.52 % Date: 9/30/2005
Return: 13.02 % Date: 8/31/2005
Return: 4.79 % Date: 7/31/2005
Return: 4.79 % Date: 6/30/2005
Return: 2.31 % Date: 5/31/2005
Return: 0.47 % Date: 4/30/2005
Return: -3.56 % Date: 3/31/2005
Return: 3.27 % Date: 2/28/2005
Return: -4.41 % Date: 1/31/2005
Return: -2.39 % Date: 12/31/2004
Return: 0.00 % Date: 11/30/2004
Return: -1.41 % Date: 10/31/2004
Return: 2.77 % Date: 9/30/2004
Return: 2.72 % Date: 8/31/2004
Return: -5.36 % Date: 7/31/2004
Return: 2.03 % Date: 6/30/2004
Return: -4.22 % Date: 5/31/2004
Return: -5.25 % Date: 4/30/2004
Return: -11.03 % Date: 3/31/2004
Return: -0.10 % Date: 2/29/2004
Return: 14.55 % Date: 1/31/2004
Return: 6.19 % Date: 12/31/2003
Return: 6.45 % Date: 11/30/2003
Return: 1.04 % Date: 10/31/2003
Return: 13.07 % Date: 9/30/2003
Return: -1.44 % Date: 8/31/2003
Return: -3.92 % Date: 7/31/2003
Return: -5.83 % Date: 6/30/2003
Return: -3.31 % Date: 5/31/2003
Return: 5.77 % Date: 4/30/2003
Return: 5.35 % Date: 3/31/2003
Return: -9.51 % Date: 2/28/2003
Return: 7.80 % Date: 1/31/2003
Return: 10.12 % Date: 12/31/2002
Return: 8.11 % Date: 11/30/2002
Return: 2.42 % Date: 10/31/2002
Return: -4.47 % Date: 9/30/2002
Return: 10.50 % Date: 8/31/2002
Return: 5.21 % Date: 7/31/2002
Return: 3.65 % Date: 6/30/2002
Return: 7.64 % Date: 5/31/2002
Return: 1.87 % Date: 4/30/2002
Return: 3.54 % Date: 3/31/2002
Return: -6.31 % Date: 2/28/2002
Return: 0.18 % Date: 1/31/2002
Return: -3.18 % Date: 12/31/2001
Return: 0.30 % Date: 11/30/2001
Return: -6.25 % Date: 10/31/2001
Return: 5.78 % Date: 9/30/2001
Return: 6.02 % Date: 8/31/2001
Return: 2.70 % Date: 7/31/2001
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 07/01 - 02/17
Return: -12.00 %
Count: 1 Return: -9.00 %
Count: 1 Return: 12.00 %
Count: 1 Return: -8.00 %
Count: 2 Return: 23.00 %
Count: 1 Return: -17.00 %
Count: 1 Return: -7.00 %
Count: 4 Return: 22.00 %
Count: 1 Return: 9.00 %
Count: 6 Return: 7.00 %
Count: 6 Return: 14.00 %
Count: 2 Return: -2.00 %
Count: 11 Return: -5.00 %
Count: 14 Return: -11.00 %
Count: 2 Return: 15.00 %
Count: 1 Return: 1.00 %
Count: 9 Return: 13.00 %
Count: 3 Return: -1.00 %
Count: 9 Return: -10.00 %
Count: 1 Return: 10.00 %
Count: 2 Return: -4.00 %
Count: 15 Return: 11.00 %
Count: 2 Return: 5.00 %
Count: 8 Return: 8.00 %
Count: 5 Return: 2.00 %
Count: 15 Return: 4.00 %
Count: 10 Return: -3.00 %
Count: 10 Return: -6.00 %
Count: 11 Return: 6.00 %
Count: 9 Return: 3.00 %
Count: 9 Return: 0.00 %
Count: 16
Note: All performance data is since program inception.

Underwater Curve
Date Range: 07/01 - 02/17
Date: 2/28/2017
Drawdown: -46.03 % Date: 1/31/2017
Drawdown: -45.37 % Date: 12/31/2016
Drawdown: -49.84 % Date: 11/30/2016
Drawdown: -46.85 % Date: 10/31/2016
Drawdown: -39.36 % Date: 9/30/2016
Drawdown: -36.17 % Date: 8/31/2016
Drawdown: -41.37 % Date: 7/31/2016
Drawdown: -36.69 % Date: 6/30/2016
Drawdown: -37.78 % Date: 5/31/2016
Drawdown: -41.69 % Date: 4/30/2016
Drawdown: -40.00 % Date: 3/31/2016
Drawdown: -36.36 % Date: 2/29/2016
Drawdown: -29.97 % Date: 1/31/2016
Drawdown: -31.34 % Date: 12/31/2015
Drawdown: -30.80 % Date: 11/30/2015
Drawdown: -26.95 % Date: 10/31/2015
Drawdown: -29.83 % Date: 9/30/2015
Drawdown: -30.69 % Date: 8/31/2015
Drawdown: -32.66 % Date: 7/31/2015
Drawdown: -31.54 % Date: 6/30/2015
Drawdown: -34.90 % Date: 5/31/2015
Drawdown: -27.24 % Date: 4/30/2015
Drawdown: -25.43 % Date: 3/31/2015
Drawdown: -22.45 % Date: 2/28/2015
Drawdown: -26.82 % Date: 1/31/2015
Drawdown: -23.02 % Date: 12/31/2014
Drawdown: -29.79 % Date: 11/30/2014
Drawdown: -32.70 % Date: 10/31/2014
Drawdown: -37.01 % Date: 9/30/2014
Drawdown: -35.34 % Date: 8/31/2014
Drawdown: -42.04 % Date: 7/31/2014
Drawdown: -42.44 % Date: 6/30/2014
Drawdown: -39.65 % Date: 5/31/2014
Drawdown: -43.91 % Date: 4/30/2014
Drawdown: -42.92 % Date: 3/31/2014
Drawdown: -43.37 % Date: 2/28/2014
Drawdown: -42.39 % Date: 1/31/2014
Drawdown: -42.58 % Date: 12/31/2013
Drawdown: -37.42 % Date: 11/30/2013
Drawdown: -37.99 % Date: 10/31/2013
Drawdown: -39.67 % Date: 9/30/2013
Drawdown: -38.82 % Date: 8/31/2013
Drawdown: -35.23 % Date: 7/31/2013
Drawdown: -33.26 % Date: 6/30/2013
Drawdown: -31.15 % Date: 5/31/2013
Drawdown: -32.30 % Date: 4/30/2013
Drawdown: -32.16 % Date: 3/31/2013
Drawdown: -33.41 % Date: 2/28/2013
Drawdown: -34.43 % Date: 1/31/2013
Drawdown: -30.90 % Date: 12/31/2012
Drawdown: -34.96 % Date: 11/30/2012
Drawdown: -34.68 % Date: 10/31/2012
Drawdown: -33.02 % Date: 9/30/2012
Drawdown: -30.36 % Date: 8/31/2012
Drawdown: -26.07 % Date: 7/31/2012
Drawdown: -24.57 % Date: 6/30/2012
Drawdown: -29.22 % Date: 5/31/2012
Drawdown: -27.87 % Date: 4/30/2012
Drawdown: -28.57 % Date: 3/31/2012
Drawdown: -29.00 % Date: 2/29/2012
Drawdown: -28.24 % Date: 1/31/2012
Drawdown: -28.52 % Date: 12/31/2011
Drawdown: -27.71 % Date: 11/30/2011
Drawdown: -29.06 % Date: 10/31/2011
Drawdown: -29.34 % Date: 9/30/2011
Drawdown: -25.78 % Date: 8/31/2011
Drawdown: -22.84 % Date: 7/31/2011
Drawdown: -18.13 % Date: 6/30/2011
Drawdown: -21.70 % Date: 5/31/2011
Drawdown: -18.38 % Date: 4/30/2011
Drawdown: -12.22 % Date: 3/31/2011
Drawdown: -14.36 % Date: 2/28/2011
Drawdown: -7.09 % Date: 1/31/2011
Drawdown: -6.50 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -3.69 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -3.71 % Date: 8/31/2010
Drawdown: -6.46 % Date: 7/31/2010
Drawdown: -12.32 % Date: 6/30/2010
Drawdown: -12.33 % Date: 5/31/2010
Drawdown: -8.97 % Date: 4/30/2010
Drawdown: -4.81 % Date: 3/31/2010
Drawdown: -5.24 % Date: 2/28/2010
Drawdown: -9.69 % Date: 1/31/2010
Drawdown: -10.75 % Date: 12/31/2009
Drawdown: -8.46 % Date: 11/30/2009
Drawdown: -5.77 % Date: 10/31/2009
Drawdown: -9.27 % Date: 9/30/2009
Drawdown: -4.27 % Date: 8/31/2009
Drawdown: -6.27 % Date: 7/31/2009
Drawdown: -7.96 % Date: 6/30/2009
Drawdown: -7.68 % Date: 5/31/2009
Drawdown: -4.60 % Date: 4/30/2009
Drawdown: -6.90 % Date: 3/31/2009
Drawdown: -5.34 % Date: 2/28/2009
Drawdown: -3.04 % Date: 1/31/2009
Drawdown: -3.21 % 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: -16.67 % Date: 8/31/2008
Drawdown: -23.58 % Date: 7/31/2008
Drawdown: -17.45 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: -8.90 % Date: 3/31/2008
Drawdown: -7.22 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -4.33 % Date: 12/31/2007
Drawdown: -0.02 % Date: 11/30/2007
Drawdown: -4.06 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: -2.93 % Date: 8/31/2007
Drawdown: -10.71 % Date: 7/31/2007
Drawdown: -5.78 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: -1.87 % Date: 3/31/2007
Drawdown: -8.31 % Date: 2/28/2007
Drawdown: -3.91 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: -3.09 % Date: 9/30/2006
Drawdown: -5.15 % Date: 8/31/2006
Drawdown: -5.80 % Date: 7/31/2006
Drawdown: -9.98 % Date: 6/30/2006
Drawdown: -4.75 % 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: -5.67 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: -0.81 % Date: 11/30/2005
Drawdown: 0.00 % Date: 10/31/2005
Drawdown: -8.25 % Date: 9/30/2005
Drawdown: -3.90 % Date: 8/31/2005
Drawdown: -14.97 % Date: 7/31/2005
Drawdown: -18.86 % Date: 6/30/2005
Drawdown: -22.57 % Date: 5/31/2005
Drawdown: -24.32 % Date: 4/30/2005
Drawdown: -24.67 % Date: 3/31/2005
Drawdown: -21.89 % Date: 2/28/2005
Drawdown: -24.36 % Date: 1/31/2005
Drawdown: -20.87 % Date: 12/31/2004
Drawdown: -18.94 % Date: 11/30/2004
Drawdown: -18.94 % Date: 10/31/2004
Drawdown: -17.78 % Date: 9/30/2004
Drawdown: -19.99 % Date: 8/31/2004
Drawdown: -22.11 % Date: 7/31/2004
Drawdown: -17.70 % Date: 6/30/2004
Drawdown: -19.34 % Date: 5/31/2004
Drawdown: -15.79 % Date: 4/30/2004
Drawdown: -11.12 % Date: 3/31/2004
Drawdown: -0.10 % 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: -1.49 % Date: 10/31/2003
Drawdown: -2.51 % Date: 9/30/2003
Drawdown: -13.78 % Date: 8/31/2003
Drawdown: -12.52 % Date: 7/31/2003
Drawdown: -8.95 % Date: 6/30/2003
Drawdown: -3.31 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: -4.67 % Date: 3/31/2003
Drawdown: -9.51 % 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: -2.16 % Date: 10/31/2002
Drawdown: -4.47 % 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: -2.98 % Date: 5/31/2002
Drawdown: -9.87 % Date: 4/30/2002
Drawdown: -11.53 % Date: 3/31/2002
Drawdown: -14.55 % Date: 2/28/2002
Drawdown: -8.80 % Date: 1/31/2002
Drawdown: -8.96 % Date: 12/31/2001
Drawdown: -5.97 % Date: 11/30/2001
Drawdown: -6.25 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

The Monthly Performance table represents the trading results of client accounts managed by Altis Partners (Jersey) Limited and Altis Partners Limited in the Global Futures Portfolio, as of December 31, 2010, for the entire history of the program (July 2001 through December 2010), on a monthly and annual basis (year-to-date for partial years). The principals of Altis Partners (Jersey) Limited are the same as those of Altis Partners Limited. The performance presented prior to September 30, 2005 reflects the trading results achieved by the principals while conducting trading activities at Altis Partners Limited, thereafter at Altis Partners (Jersey) Limited. Management fees are calculated at rates ranging from 0% to 2.5% annually of net assets, as defined. Incentive fees are calculated at rates ranging from 10% to 30% of trading profits, as defined. From August 2001 to December 2003, the Fully-Funded Subset method is used for computing rate of return (ROR), pursuant to Advisory 93-13 published by the Commodity Futures Trading Commission. In July 2001, there are no fully-funded accounts, therefore, ROR is based on the subset at nominal account size. Subsequent to December 2003, ROR is calculated by dividing net performance by nominal account size. Additions and withdrawals are accounted for in accordance with the modified OAT (Only Accounts Traded) method as described in NFA Rule 2-34. In January 2004, five accounts opened and two accounts closed at various times during the month. The performance of each of these accounts is materially different from the existing accounts since they traded only a portion of the month. Therefore, composite ROR excludes the performance of these accounts whose RORs range from (6.18)% to 11.74%. The performance information shown is a composite of the accounts traded under this program and does not reflect the performance of any single account. The results shown are net of all fees and expenses. Performance results of individual accounts may vary as a result of differing fees, account size, the timing of the entry of orders and other factors. The performance results are not necessarily indicative of the results that may be achieved in the future. Past performance is not necessarily indicative of future results. No representation is being made that any account in the future will or is likely to achieve profits or losses similar to those shown.

Manager Information
Manager Name:  Altis Partners (Jersey) Limited
Address: 2 HILL STREET
City: St. Helier, Jersey
State:
Zip: JE2 4UA
Country: Channel Islands
Key People
Name:  Zbigniew Hermaszewski
Position:  Principal
Biography: 

Zbigniew Hermaszewski (Zbys) has over 27 years of experience within the financial industry. He has been registered with the CFTC as an associated person of Altis Partners (Jersey) Limited since September 21, 2005 and listed as a principal of Altis Partners (Jersey) Limited since August 25, 2005. In February 2000 he formed Altis Partners Limited, and worked there until the formation of Altis Partners (Jersey) Limited in March 2005. Between November 1999 and February 2000 he was self employed. From January 1998 to November 1999 Zbys was a Director of Research at Quality Capital Management a systematic CTA, where he was responsible for research and technology, system design and implementation. From April 1997 to December 1997, he worked on the development of the trading system now utilized by Altis. From March 1994 to March 1997 he worked for London based global asset management firm Sabre Fund Management as Director of Research, researching Sabre’s proprietary systems and product construction. From January 1994 to March 1994 he was not employed. During 1993 (May to December) he was employed as a Senior Researcher at the London based investment management firm Adam Harding & Lueck, responsible for portfolio construction, trading system research and implementation. From November 1992 until April 1993 he was not employed. From October 1989 to October 1992 he was a Director at the Union Bank of Switzerland, here he was involved in OTC equity option markets and trading as well as experiencing risk and position management. Zbys was an Account Executive at the London based trading company James Capel & Co from July 1985 to July 1989 where he traded financial futures and options, and from December 1982 to June 1985 he was an analyst at the specialist energies and metals research and consultancy firm Wood Mackenzie & Co, modelling interest rate futures and options against underlying markets. Zbys is a Physics graduate of Imperial College, London.


Name:  Stephen Hedgecock
Position:  Principal
Biography: 

Stephen Hedgecock has extensive experience within the financial industry in implementing automated investment management systems, trading and client development. He has been registered with the CFTC as an associated person of Altis Partners (Jersey) Limited since September 21, 2005 and listed as a principal of Altis Partners (Jersey) Limited since August 25, 2005. In February 2000 he formed Altis Partners Limited, he worked here until the formation of Altis Partners (Jersey) Limited in March 2005. Between December 1999 and February 2000 he was self employed. From September 1995 to November 1999, Stephen was employed by Quality Capital Management a systematic CTA, starting as Director of Trading and then serving as an Executive Director with responsibilities in the daily management of the company, including the supervision of all trading activity. From October 1991 to August 1995 he was employed by London based global asset management firm Sabre Fund Management and held the position of Chief Dealer, progressing to Executive Director, at Sabre he managed a team trading over 90 different commodity and financial instruments in cash, forward, futures and options markets.


Name:  Alex Brunwin
Position:  Principal
Biography: 

Alex Brunwin has experience within the financial industry through both contracting and permanent positions in technology based roles, specialising in the project management of front and middle office trading and deal capture systems. He has been registered with the CFTC as an associated person of Altis Partners (Jersey) Limited since September 21, 2005 and listed as a principal of Altis Partners (Jersey) Limited since August 25, 2005. In February 2000 he formed Altis Partners Limited, he worked here until the formation of Altis Partners (Jersey) Limited in March 2005. From February 1996 to October 2000 he owned and ran his private consultancy business APB Consulting Ltd, during this time he expanded and developed systems, most notably in risk management in Capital Markets, foreign exchange rate interfaces, deal capture and commission databases. He worked as a contractor during this time for clients such as Banque Paribas, Morgan Stanley Dean Witter, SBC Warburg Dillon Reed and Link Asset & Securities Ltd.


Name:  Natasha Reeve-Gray
Position:  Principal
Biography: 

Natasha Reeve-Gray has 16 years of experience in the alternative investment industry, ranging from trading operations to institutional sales and client liaison. She has been registered with the CFTC as an associated person of Altis Partners (Jersey) Limited since September 21, 2005 and listed as a principal of Altis Partners (Jersey) Limited since August 25, 2005. In February 2000 she formed Altis Partners Limited, she worked here until the formation of Altis Partners (Jersey) Limited in March 2005. Between December 1999 and February 2000 she was self employed. During April 1997 to November 1999 she worked for systematic CTA Quality Capital Management as a trader, sharing responsibilities with the Executive Director for all trading activity and implementation. Prior to this Natasha worked as a middle office manager and broker for commodity and futures broker firm Refco Overseas and Refco Inc between September 1995 and April 1997. From March 1994 to September 1995 she held a marketing role at the UK based broker Glynwed Metal Services, where she managed and organised all sales administration and group inventory. Natasha has completed three professionally recognised modules via the Chartered Institute of Marketing.


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.