Altegris Clearing Solutions Aspect Capital Limited Diversified Program (QEP)
Monthly Performance (%)
Date Range: 11/98 - 05/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.14 1.53 -2.61 -0.47 0.13 -1.32
2016 2.85 2.26 -4.69 -5.02 -1.76 4.30 0.92 -2.85 0.51 -4.00 -1.42 -0.15 -9.16
2015 4.60 -0.44 3.70 -9.69 -0.33 -4.59 9.25 1.03 3.27 -2.42 6.25 -1.54 7.92
2014 -5.64 1.65 -1.68 1.67 2.39 1.73 -0.07 5.20 1.61 3.74 12.02 6.48 32.01
2013 3.64 -3.25 1.67 3.58 -6.44 0.34 -1.85 -2.88 -2.73 1.93 1.99 -0.02 -4.47
2012 1.26 2.19 -2.62 0.88 0.91 -5.31 3.43 -3.24 -3.33 -4.36 -1.25 0.67 -10.65
2011 -1.29 2.49 -1.33 4.33 -5.24 -3.16 8.10 1.79 0.27 -4.52 1.51 2.28 4.53
2010 -2.64 2.35 3.95 2.22 -3.34 0.68 -2.01 7.01 1.05 4.52 -4.78 6.17 15.37
2009 0.47 0.74 -3.67 -3.06 -2.13 -7.91 -1.55 4.29 2.95 -4.53 8.08 -4.48 -11.25
2008 4.97 7.63 -3.64 -5.26 4.27 8.07 -9.33 -4.47 3.33 10.01 5.52 3.88 25.44
2007 2.78 -5.83 -1.94 4.66 6.22 3.68 -5.68 -6.53 5.51 7.33 -4.21 3.40 8.17
2006 2.47 -1.31 5.31 5.10 -4.98 0.49 -4.56 -0.59 0.37 4.81 0.23 5.52 12.82
2005 -7.48 4.09 1.44 -2.94 4.61 4.47 -0.87 4.24 0.58 -1.43 5.80 -0.28 12.00
2004 1.90 6.78 -5.28 -7.55 -1.38 -7.96 -0.24 0.80 0.67 3.33 5.17 -3.01 -7.72
2003 3.72 8.35 -7.08 -1.48 10.49 -3.10 2.17 -0.57 1.94 2.46 -0.92 4.13 20.58
2002 -5.15 -9.73 4.81 -2.73 2.52 11.29 8.47 1.63 7.16 -6.51 -4.86 13.90 19.19
2001 0.87 0.35 10.48 -6.85 -2.10 0.41 3.52 2.72 10.13 5.25 -5.62 -2.81 15.77
2000 1.64 -0.28 -0.57 -2.69 3.72 -3.19 -1.85 3.43 -0.16 3.62 8.12 11.73 24.93
1999 -4.88 2.86 -4.84 7.26 -2.53 -0.42 -3.16 -0.67 -1.76 -3.40 7.66 5.66 0.65
1998 0.40 0.40
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Aspect Diversified Program (“Aspect Diversified”) applies a fully systematic, momentum-based investment strategy. The Program seeks to generate sustainable, high-quality alpha, which is uncorrelated with returns from major asset classes, through the quantitative identification and the systematic and disciplined capture of price trends which occur persistently, if unpredictably, in a wide range of liquid global financial futures, commodities, currencies and equity markets.

Performance Statistics
Date Range: 11/98 - 05/17
  Program SP500 TR Altegris 40
Total Return 287.73% 212.45% 128.78%
Annualized Return 7.60% 6.32% 4.55%
Annualized Std. Deviation 15.65% 14.66% 10.09%
Correlation -0.18 0.88
Sharpe Ratio (rf=2.5%) 0.33 0.26 0.20
Worst Month -9.73% -16.79% -7.77%
Date of Worst Month 02/2002 10/2008 11/2001
Worst Drawdown -22.21% -50.95% -15.74%
Date of Worst Drawdown 2/12 - 3/14 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 11/98 - 05/17
Year or YTD Program SP500 TR Altegris 40
2017 -1.32 8.68 -1.02
2016 -9.16 11.98 -3.13
2015 7.92 1.41 0.09
2014 32.01 13.69 15.75
2013 -4.47 32.41 -2.45
2012 -10.65 15.98 -4.75
2011 4.53 2.12 -3.23
2010 15.37 15.06 11.33
2009 -11.25 26.45 -7.98
2008 25.44 -36.99 15.47
2007 8.17 5.50 7.18
2006 12.82 15.79 6.70
2005 12.00 4.89 4.51
2004 -7.72 10.87 2.57
2003 20.58 28.69 15.99
2002 19.19 -22.10 15.22
2001 15.77 -11.88 5.39
2000 24.93 -9.09 10.63
1999 0.65 21.04 0.87
1998 0.40 5.76 2.35
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 11/98 - 05/17
Date: 5/31/2017
Perf: $2,330.41 Date: 4/30/2017
Perf: $2,325.99 Date: 3/31/2017
Perf: $2,340.03 Date: 2/28/2017
Perf: $2,374.70 Date: 1/31/2017
Perf: $2,324.03 Date: 12/31/2016
Perf: $2,354.41 Date: 11/30/2016
Perf: $2,336.65 Date: 10/31/2016
Perf: $2,362.64 Date: 9/30/2016
Perf: $2,425.21 Date: 8/31/2016
Perf: $2,456.90 Date: 7/31/2016
Perf: $2,524.82 Date: 6/30/2016
Perf: $2,499.33 Date: 5/31/2016
Perf: $2,397.43 Date: 4/30/2016
Perf: $2,440.14 Date: 3/31/2016
Perf: $2,502.96 Date: 2/29/2016
Perf: $2,576.92 Date: 1/31/2016
Perf: $2,515.05 Date: 12/31/2015
Perf: $2,430.47 Date: 11/30/2015
Perf: $2,487.69 Date: 10/31/2015
Perf: $2,405.65 Date: 9/30/2015
Perf: $2,448.25 Date: 8/31/2015
Perf: $2,396.25 Date: 7/31/2015
Perf: $2,438.44 Date: 6/30/2015
Perf: $2,346.68 Date: 5/31/2015
Perf: $2,475.40 Date: 4/30/2015
Perf: $2,493.36 Date: 3/31/2015
Perf: $2,593.46 Date: 2/28/2015
Perf: $2,537.39 Date: 1/31/2015
Perf: $2,541.45 Date: 12/31/2014
Perf: $2,428.30 Date: 11/30/2014
Perf: $2,386.30 Date: 10/31/2014
Perf: $2,252.29 Date: 9/30/2014
Perf: $2,219.66 Date: 8/31/2014
Perf: $2,187.07 Date: 7/31/2014
Perf: $2,098.31 Date: 6/30/2014
Perf: $2,115.23 Date: 5/31/2014
Perf: $2,097.20 Date: 4/30/2014
Perf: $2,044.85 Date: 3/31/2014
Perf: $2,029.43 Date: 2/28/2014
Perf: $2,059.91 Date: 1/31/2014
Perf: $2,043.16 Date: 12/31/2013
Perf: $2,097.91 Date: 11/30/2013
Perf: $2,100.85 Date: 10/31/2013
Perf: $2,063.51 Date: 9/30/2013
Perf: $2,017.31 Date: 8/31/2013
Perf: $2,029.49 Date: 7/31/2013
Perf: $2,069.21 Date: 6/30/2013
Perf: $2,087.37 Date: 5/31/2013
Perf: $2,169.60 Date: 4/30/2013
Perf: $2,267.09 Date: 3/31/2013
Perf: $2,210.07 Date: 2/28/2013
Perf: $2,178.69 Date: 1/31/2013
Perf: $2,191.40 Date: 12/31/2012
Perf: $2,150.54 Date: 11/30/2012
Perf: $2,140.06 Date: 10/31/2012
Perf: $2,134.08 Date: 9/30/2012
Perf: $2,214.24 Date: 8/31/2012
Perf: $2,251.39 Date: 7/31/2012
Perf: $2,282.43 Date: 6/30/2012
Perf: $2,192.74 Date: 5/31/2012
Perf: $2,278.41 Date: 4/30/2012
Perf: $2,235.93 Date: 3/31/2012
Perf: $2,222.59 Date: 2/29/2012
Perf: $2,274.22 Date: 1/31/2012
Perf: $2,264.93 Date: 12/31/2011
Perf: $2,257.71 Date: 11/30/2011
Perf: $2,236.24 Date: 10/31/2011
Perf: $2,229.55 Date: 9/30/2011
Perf: $2,321.48 Date: 8/31/2011
Perf: $2,322.88 Date: 7/31/2011
Perf: $2,327.53 Date: 6/30/2011
Perf: $2,246.87 Date: 5/31/2011
Perf: $2,306.85 Date: 4/30/2011
Perf: $2,394.24 Date: 3/31/2011
Perf: $2,304.37 Date: 2/28/2011
Perf: $2,340.17 Date: 1/31/2011
Perf: $2,301.05 Date: 12/31/2010
Perf: $2,333.01 Date: 11/30/2010
Perf: $2,237.05 Date: 10/31/2010
Perf: $2,319.14 Date: 9/30/2010
Perf: $2,232.52 Date: 8/31/2010
Perf: $2,192.62 Date: 7/31/2010
Perf: $2,105.45 Date: 6/30/2010
Perf: $2,132.97 Date: 5/31/2010
Perf: $2,124.89 Date: 4/30/2010
Perf: $2,177.59 Date: 3/31/2010
Perf: $2,144.56 Date: 2/28/2010
Perf: $2,062.67 Date: 1/31/2010
Perf: $2,043.47 Date: 12/31/2009
Perf: $2,095.65 Date: 11/30/2009
Perf: $2,182.97 Date: 10/31/2009
Perf: $2,098.40 Date: 9/30/2009
Perf: $2,153.53 Date: 8/31/2009
Perf: $2,103.47 Date: 7/31/2009
Perf: $2,096.55 Date: 6/30/2009
Perf: $2,098.86 Date: 5/31/2009
Perf: $2,156.21 Date: 4/30/2009
Perf: $2,126.86 Date: 3/31/2009
Perf: $2,198.76 Date: 2/28/2009
Perf: $2,261.40 Date: 1/31/2009
Perf: $2,262.53 Date: 12/31/2008
Perf: $2,277.34 Date: 11/30/2008
Perf: $2,220.28 Date: 10/31/2008
Perf: $2,141.68 Date: 9/30/2008
Perf: $2,036.78 Date: 8/31/2008
Perf: $2,032.51 Date: 7/31/2008
Perf: $2,088.27 Date: 6/30/2008
Perf: $2,188.73 Date: 5/31/2008
Perf: $2,131.81 Date: 4/30/2008
Perf: $2,088.78 Date: 3/31/2008
Perf: $2,113.09 Date: 2/29/2008
Perf: $2,122.42 Date: 1/31/2008
Perf: $2,008.16 Date: 12/31/2007
Perf: $1,972.26 Date: 11/30/2007
Perf: $1,976.81 Date: 10/31/2007
Perf: $1,989.74 Date: 9/30/2007
Perf: $1,907.53 Date: 8/31/2007
Perf: $1,822.42 Date: 7/31/2007
Perf: $1,893.03 Date: 6/30/2007
Perf: $1,953.39 Date: 5/31/2007
Perf: $1,898.53 Date: 4/30/2007
Perf: $1,833.08 Date: 3/31/2007
Perf: $1,759.20 Date: 2/28/2007
Perf: $1,801.35 Date: 1/31/2007
Perf: $1,871.53 Date: 12/31/2006
Perf: $1,840.07 Date: 11/30/2006
Perf: $1,779.91 Date: 10/31/2006
Perf: $1,737.34 Date: 9/30/2006
Perf: $1,718.44 Date: 8/31/2006
Perf: $1,736.85 Date: 7/31/2006
Perf: $1,717.61 Date: 6/30/2006
Perf: $1,743.41 Date: 5/31/2006
Perf: $1,767.63 Date: 4/30/2006
Perf: $1,815.75 Date: 3/31/2006
Perf: $1,772.50 Date: 2/28/2006
Perf: $1,726.24 Date: 1/31/2006
Perf: $1,757.52 Date: 12/31/2005
Perf: $1,724.58 Date: 11/30/2005
Perf: $1,756.37 Date: 10/31/2005
Perf: $1,684.12 Date: 9/30/2005
Perf: $1,681.43 Date: 8/31/2005
Perf: $1,655.93 Date: 7/31/2005
Perf: $1,647.04 Date: 6/30/2005
Perf: $1,646.05 Date: 5/31/2005
Perf: $1,591.77 Date: 4/30/2005
Perf: $1,544.06 Date: 3/31/2005
Perf: $1,582.84 Date: 2/28/2005
Perf: $1,591.75 Date: 1/31/2005
Perf: $1,580.84 Date: 12/31/2004
Perf: $1,650.15 Date: 11/30/2004
Perf: $1,644.72 Date: 10/31/2004
Perf: $1,560.31 Date: 9/30/2004
Perf: $1,508.71 Date: 8/31/2004
Perf: $1,488.62 Date: 7/31/2004
Perf: $1,498.96 Date: 6/30/2004
Perf: $1,516.24 Date: 5/31/2004
Perf: $1,567.99 Date: 4/30/2004
Perf: $1,593.32 Date: 3/31/2004
Perf: $1,699.00 Date: 2/29/2004
Perf: $1,715.81 Date: 1/31/2004
Perf: $1,624.21 Date: 12/31/2003
Perf: $1,608.76 Date: 11/30/2003
Perf: $1,542.00 Date: 10/31/2003
Perf: $1,546.64 Date: 9/30/2003
Perf: $1,512.60 Date: 8/31/2003
Perf: $1,519.59 Date: 7/31/2003
Perf: $1,505.44 Date: 6/30/2003
Perf: $1,540.25 Date: 5/31/2003
Perf: $1,579.91 Date: 4/30/2003
Perf: $1,492.31 Date: 3/31/2003
Perf: $1,470.69 Date: 2/28/2003
Perf: $1,559.92 Date: 1/31/2003
Perf: $1,472.04 Date: 12/31/2002
Perf: $1,387.01 Date: 11/30/2002
Perf: $1,307.39 Date: 10/31/2002
Perf: $1,344.50 Date: 9/30/2002
Perf: $1,417.95 Date: 8/31/2002
Perf: $1,355.46 Date: 7/31/2002
Perf: $1,323.56 Date: 6/30/2002
Perf: $1,256.47 Date: 5/31/2002
Perf: $1,154.42 Date: 4/30/2002
Perf: $1,125.27 Date: 3/31/2002
Perf: $1,152.47 Date: 2/28/2002
Perf: $1,155.82 Date: 1/31/2002
Perf: $1,189.36 Date: 12/31/2001
Perf: $1,203.81 Date: 11/30/2001
Perf: $1,178.93 Date: 10/31/2001
Perf: $1,278.25 Date: 9/30/2001
Perf: $1,225.32 Date: 8/31/2001
Perf: $1,188.71 Date: 7/31/2001
Perf: $1,154.20 Date: 6/30/2001
Perf: $1,151.66 Date: 5/31/2001
Perf: $1,164.47 Date: 4/30/2001
Perf: $1,164.12 Date: 3/31/2001
Perf: $1,240.54 Date: 2/28/2001
Perf: $1,165.05 Date: 1/31/2001
Perf: $1,154.08 Date: 12/31/2000
Perf: $1,142.20 Date: 11/30/2000
Perf: $1,055.35 Date: 10/31/2000
Perf: $993.18 Date: 9/30/2000
Perf: $972.84 Date: 8/31/2000
Perf: $990.07 Date: 7/31/2000
Perf: $970.09 Date: 6/30/2000
Perf: $987.47 Date: 5/31/2000
Perf: $1,003.01 Date: 4/30/2000
Perf: $989.46 Date: 3/31/2000
Perf: $1,004.63 Date: 2/29/2000
Perf: $1,030.18 Date: 1/31/2000
Perf: $1,041.84 Date: 12/31/1999
Perf: $1,032.45 Date: 11/30/1999
Perf: $1,019.30 Date: 10/31/1999
Perf: $999.90 Date: 9/30/1999
Perf: $1,046.14 Date: 8/31/1999
Perf: $1,042.49 Date: 7/31/1999
Perf: $1,036.28 Date: 6/30/1999
Perf: $1,044.42 Date: 5/31/1999
Perf: $1,017.95 Date: 4/30/1999
Perf: $1,035.14 Date: 3/31/1999
Perf: $1,004.31 Date: 2/28/1999
Perf: $1,012.51 Date: 1/31/1999
Perf: $993.92 Date: 12/31/1998
Perf: $1,023.50 Date: 11/30/1998
Perf: $1,000.00 Date: 5/31/2017
Perf: $2,946.01 Date: 4/30/2017
Perf: $2,905.05 Date: 3/31/2017
Perf: $2,875.44 Date: 2/28/2017
Perf: $2,871.99 Date: 1/31/2017
Perf: $2,762.33 Date: 12/31/2016
Perf: $2,710.82 Date: 11/30/2016
Perf: $2,658.19 Date: 10/31/2016
Perf: $2,563.34 Date: 9/30/2016
Perf: $2,610.86 Date: 8/31/2016
Perf: $2,610.34 Date: 7/31/2016
Perf: $2,606.69 Date: 6/30/2016
Perf: $2,513.93 Date: 5/31/2016
Perf: $2,507.41 Date: 4/30/2016
Perf: $2,463.07 Date: 3/31/2016
Perf: $2,453.50 Date: 2/29/2016
Perf: $2,297.72 Date: 1/31/2016
Perf: $2,300.71 Date: 12/31/2015
Perf: $2,420.78 Date: 11/30/2015
Perf: $2,459.64 Date: 10/31/2015
Perf: $2,452.29 Date: 9/30/2015
Perf: $2,261.42 Date: 8/31/2015
Perf: $2,318.69 Date: 7/31/2015
Perf: $2,467.48 Date: 6/30/2015
Perf: $2,416.73 Date: 5/31/2015
Perf: $2,464.54 Date: 4/30/2015
Perf: $2,433.16 Date: 3/31/2015
Perf: $2,410.02 Date: 2/28/2015
Perf: $2,448.71 Date: 1/31/2015
Perf: $2,315.56 Date: 12/31/2014
Perf: $2,387.18 Date: 11/30/2014
Perf: $2,393.16 Date: 10/31/2014
Perf: $2,330.47 Date: 9/30/2014
Perf: $2,274.96 Date: 8/31/2014
Perf: $2,307.27 Date: 7/31/2014
Perf: $2,218.52 Date: 6/30/2014
Perf: $2,249.57 Date: 5/31/2014
Perf: $2,203.95 Date: 4/30/2014
Perf: $2,153.34 Date: 3/31/2014
Perf: $2,137.53 Date: 2/28/2014
Perf: $2,119.72 Date: 1/31/2014
Perf: $2,027.08 Date: 12/31/2013
Perf: $2,099.73 Date: 11/30/2013
Perf: $2,047.92 Date: 10/31/2013
Perf: $1,987.31 Date: 9/30/2013
Perf: $1,899.91 Date: 8/31/2013
Perf: $1,842.07 Date: 7/31/2013
Perf: $1,897.09 Date: 6/30/2013
Perf: $1,805.20 Date: 5/31/2013
Perf: $1,829.72 Date: 4/30/2013
Perf: $1,787.88 Date: 3/31/2013
Perf: $1,754.03 Date: 2/28/2013
Perf: $1,690.63 Date: 1/31/2013
Perf: $1,667.95 Date: 12/31/2012
Perf: $1,585.80 Date: 11/30/2012
Perf: $1,571.50 Date: 10/31/2012
Perf: $1,562.44 Date: 9/30/2012
Perf: $1,591.89 Date: 8/31/2012
Perf: $1,551.85 Date: 7/31/2012
Perf: $1,517.70 Date: 6/30/2012
Perf: $1,496.90 Date: 5/31/2012
Perf: $1,437.67 Date: 4/30/2012
Perf: $1,529.59 Date: 3/31/2012
Perf: $1,539.29 Date: 2/29/2012
Perf: $1,490.26 Date: 1/31/2012
Perf: $1,428.55 Date: 12/31/2011
Perf: $1,367.29 Date: 11/30/2011
Perf: $1,353.49 Date: 10/31/2011
Perf: $1,356.47 Date: 9/30/2011
Perf: $1,222.82 Date: 8/31/2011
Perf: $1,315.28 Date: 7/31/2011
Perf: $1,390.80 Date: 6/30/2011
Perf: $1,419.62 Date: 5/31/2011
Perf: $1,443.73 Date: 4/30/2011
Perf: $1,460.23 Date: 3/31/2011
Perf: $1,418.25 Date: 2/28/2011
Perf: $1,417.69 Date: 1/31/2011
Perf: $1,370.67 Date: 12/31/2010
Perf: $1,338.94 Date: 11/30/2010
Perf: $1,255.10 Date: 10/31/2010
Perf: $1,254.97 Date: 9/30/2010
Perf: $1,208.91 Date: 8/31/2010
Perf: $1,109.91 Date: 7/31/2010
Perf: $1,162.33 Date: 6/30/2010
Perf: $1,086.19 Date: 5/31/2010
Perf: $1,146.13 Date: 4/30/2010
Perf: $1,245.66 Date: 3/31/2010
Perf: $1,226.28 Date: 2/28/2010
Perf: $1,156.54 Date: 1/31/2010
Perf: $1,121.77 Date: 12/31/2009
Perf: $1,163.66 Date: 11/30/2009
Perf: $1,141.63 Date: 10/31/2009
Perf: $1,077.01 Date: 9/30/2009
Perf: $1,097.42 Date: 8/31/2009
Perf: $1,057.96 Date: 7/31/2009
Perf: $1,021.10 Date: 6/30/2009
Perf: $949.33 Date: 5/31/2009
Perf: $947.43 Date: 4/30/2009
Perf: $897.27 Date: 3/31/2009
Perf: $818.91 Date: 2/28/2009
Perf: $752.95 Date: 1/31/2009
Perf: $842.69 Date: 12/31/2008
Perf: $920.27 Date: 11/30/2008
Perf: $910.62 Date: 10/31/2008
Perf: $981.06 Date: 9/30/2008
Perf: $1,179.02 Date: 8/31/2008
Perf: $1,294.34 Date: 7/31/2008
Perf: $1,275.84 Date: 6/30/2008
Perf: $1,286.65 Date: 5/31/2008
Perf: $1,405.10 Date: 4/30/2008
Perf: $1,387.07 Date: 3/31/2008
Perf: $1,322.66 Date: 2/29/2008
Perf: $1,328.37 Date: 1/31/2008
Perf: $1,372.99 Date: 12/31/2007
Perf: $1,460.63 Date: 11/30/2007
Perf: $1,470.78 Date: 10/31/2007
Perf: $1,534.94 Date: 9/30/2007
Perf: $1,510.91 Date: 8/31/2007
Perf: $1,456.44 Date: 7/31/2007
Perf: $1,434.92 Date: 6/30/2007
Perf: $1,480.82 Date: 5/31/2007
Perf: $1,505.82 Date: 4/30/2007
Perf: $1,455.04 Date: 3/31/2007
Perf: $1,393.32 Date: 2/28/2007
Perf: $1,377.88 Date: 1/31/2007
Perf: $1,405.43 Date: 12/31/2006
Perf: $1,384.52 Date: 11/30/2006
Perf: $1,365.41 Date: 10/31/2006
Perf: $1,339.95 Date: 9/30/2006
Perf: $1,297.65 Date: 8/31/2006
Perf: $1,265.01 Date: 7/31/2006
Perf: $1,235.60 Date: 6/30/2006
Perf: $1,227.99 Date: 5/31/2006
Perf: $1,226.27 Date: 4/30/2006
Perf: $1,262.63 Date: 3/31/2006
Perf: $1,245.94 Date: 2/28/2006
Perf: $1,230.68 Date: 1/31/2006
Perf: $1,227.36 Date: 12/31/2005
Perf: $1,195.68 Date: 11/30/2005
Perf: $1,195.32 Date: 10/31/2005
Perf: $1,151.78 Date: 9/30/2005
Perf: $1,171.34 Date: 8/31/2005
Perf: $1,161.93 Date: 7/31/2005
Perf: $1,172.60 Date: 6/30/2005
Perf: $1,130.55 Date: 5/31/2005
Perf: $1,128.97 Date: 4/30/2005
Perf: $1,094.17 Date: 3/31/2005
Perf: $1,115.36 Date: 2/28/2005
Perf: $1,135.46 Date: 1/31/2005
Perf: $1,112.11 Date: 12/31/2004
Perf: $1,139.92 Date: 11/30/2004
Perf: $1,102.44 Date: 10/31/2004
Perf: $1,059.53 Date: 9/30/2004
Perf: $1,043.56 Date: 8/31/2004
Perf: $1,032.41 Date: 7/31/2004
Perf: $1,028.30 Date: 6/30/2004
Perf: $1,063.50 Date: 5/31/2004
Perf: $1,043.26 Date: 4/30/2004
Perf: $1,029.16 Date: 3/31/2004
Perf: $1,045.58 Date: 2/29/2004
Perf: $1,061.61 Date: 1/31/2004
Perf: $1,047.05 Date: 12/31/2003
Perf: $1,028.14 Date: 11/30/2003
Perf: $976.94 Date: 10/31/2003
Perf: $968.42 Date: 9/30/2003
Perf: $916.54 Date: 8/31/2003
Perf: $926.36 Date: 7/31/2003
Perf: $908.65 Date: 6/30/2003
Perf: $892.93 Date: 5/31/2003
Perf: $881.65 Date: 4/30/2003
Perf: $837.51 Date: 3/31/2003
Perf: $773.75 Date: 2/28/2003
Perf: $766.32 Date: 1/31/2003
Perf: $777.99 Date: 12/31/2002
Perf: $798.92 Date: 11/30/2002
Perf: $848.74 Date: 10/31/2002
Perf: $801.53 Date: 9/30/2002
Perf: $736.70 Date: 8/31/2002
Perf: $826.55 Date: 7/31/2002
Perf: $821.13 Date: 6/30/2002
Perf: $890.59 Date: 5/31/2002
Perf: $958.86 Date: 4/30/2002
Perf: $966.01 Date: 3/31/2002
Perf: $1,028.33 Date: 2/28/2002
Perf: $991.07 Date: 1/31/2002
Perf: $1,010.57 Date: 12/31/2001
Perf: $1,025.54 Date: 11/30/2001
Perf: $1,016.60 Date: 10/31/2001
Perf: $944.18 Date: 9/30/2001
Perf: $926.48 Date: 8/31/2001
Perf: $1,007.92 Date: 7/31/2001
Perf: $1,075.23 Date: 6/30/2001
Perf: $1,085.87 Date: 5/31/2001
Perf: $1,112.92 Date: 4/30/2001
Perf: $1,105.51 Date: 3/31/2001
Perf: $1,025.81 Date: 2/28/2001
Perf: $1,095.24 Date: 1/31/2001
Perf: $1,205.15 Date: 12/31/2000
Perf: $1,163.84 Date: 11/30/2000
Perf: $1,158.16 Date: 10/31/2000
Perf: $1,257.23 Date: 9/30/2000
Perf: $1,262.54 Date: 8/31/2000
Perf: $1,332.91 Date: 7/31/2000
Perf: $1,254.98 Date: 6/30/2000
Perf: $1,274.87 Date: 5/31/2000
Perf: $1,244.14 Date: 4/30/2000
Perf: $1,270.18 Date: 3/31/2000
Perf: $1,309.59 Date: 2/29/2000
Perf: $1,192.93 Date: 1/31/2000
Perf: $1,215.91 Date: 12/31/1999
Perf: $1,280.17 Date: 11/30/1999
Perf: $1,208.96 Date: 10/31/1999
Perf: $1,184.91 Date: 9/30/1999
Perf: $1,114.37 Date: 8/31/1999
Perf: $1,145.76 Date: 7/31/1999
Perf: $1,151.41 Date: 6/30/1999
Perf: $1,188.49 Date: 5/31/1999
Perf: $1,125.99 Date: 4/30/1999
Perf: $1,153.21 Date: 3/31/1999
Perf: $1,110.24 Date: 2/28/1999
Perf: $1,067.54 Date: 1/31/1999
Perf: $1,101.81 Date: 12/31/1998
Perf: $1,057.60 Date: 11/30/1998
Perf: $1,000.00 Date: 5/31/2017
Perf: $3,877.32 Date: 4/30/2017
Perf: $3,872.29 Date: 3/31/2017
Perf: $3,890.58 Date: 2/28/2017
Perf: $3,994.84 Date: 1/31/2017
Perf: $3,934.64 Date: 12/31/2016
Perf: $3,929.14 Date: 11/30/2016
Perf: $3,935.04 Date: 10/31/2016
Perf: $3,991.73 Date: 9/30/2016
Perf: $4,158.05 Date: 8/31/2016
Perf: $4,136.95 Date: 7/31/2016
Perf: $4,258.31 Date: 6/30/2016
Perf: $4,219.49 Date: 5/31/2016
Perf: $4,045.53 Date: 4/30/2016
Perf: $4,118.01 Date: 3/31/2016
Perf: $4,335.66 Date: 2/29/2016
Perf: $4,549.01 Date: 1/31/2016
Perf: $4,448.47 Date: 12/31/2015
Perf: $4,325.21 Date: 11/30/2015
Perf: $4,392.86 Date: 10/31/2015
Perf: $4,134.45 Date: 9/30/2015
Perf: $4,236.99 Date: 8/31/2015
Perf: $4,102.82 Date: 7/31/2015
Perf: $4,061.00 Date: 6/30/2015
Perf: $3,717.16 Date: 5/31/2015
Perf: $3,895.99 Date: 4/30/2015
Perf: $3,908.88 Date: 3/31/2015
Perf: $4,328.30 Date: 2/28/2015
Perf: $4,173.86 Date: 1/31/2015
Perf: $4,192.31 Date: 12/31/2014
Perf: $4,007.94 Date: 11/30/2014
Perf: $3,764.03 Date: 10/31/2014
Perf: $3,360.15 Date: 9/30/2014
Perf: $3,239.01 Date: 8/31/2014
Perf: $3,187.68 Date: 7/31/2014
Perf: $3,030.12 Date: 6/30/2014
Perf: $3,032.24 Date: 5/31/2014
Perf: $2,980.68 Date: 4/30/2014
Perf: $2,911.10 Date: 3/31/2014
Perf: $2,863.28 Date: 2/28/2014
Perf: $2,912.21 Date: 1/31/2014
Perf: $2,864.94 Date: 12/31/2013
Perf: $3,036.18 Date: 11/30/2013
Perf: $3,036.78 Date: 10/31/2013
Perf: $2,977.53 Date: 9/30/2013
Perf: $2,921.15 Date: 8/31/2013
Perf: $3,003.14 Date: 7/31/2013
Perf: $3,092.19 Date: 6/30/2013
Perf: $3,150.48 Date: 5/31/2013
Perf: $3,139.80 Date: 4/30/2013
Perf: $3,355.92 Date: 3/31/2013
Perf: $3,239.93 Date: 2/28/2013
Perf: $3,186.72 Date: 1/31/2013
Perf: $3,293.76 Date: 12/31/2012
Perf: $3,178.08 Date: 11/30/2012
Perf: $3,156.93 Date: 10/31/2012
Perf: $3,196.89 Date: 9/30/2012
Perf: $3,342.63 Date: 8/31/2012
Perf: $3,457.77 Date: 7/31/2012
Perf: $3,573.56 Date: 6/30/2012
Perf: $3,455.05 Date: 5/31/2012
Perf: $3,648.80 Date: 4/30/2012
Perf: $3,615.90 Date: 3/31/2012
Perf: $3,584.35 Date: 2/29/2012
Perf: $3,680.79 Date: 1/31/2012
Perf: $3,601.91 Date: 12/31/2011
Perf: $3,557.09 Date: 11/30/2011
Perf: $3,477.80 Date: 10/31/2011
Perf: $3,426.06 Date: 9/30/2011
Perf: $3,588.25 Date: 8/31/2011
Perf: $3,578.59 Date: 7/31/2011
Perf: $3,515.66 Date: 6/30/2011
Perf: $3,252.23 Date: 5/31/2011
Perf: $3,358.35 Date: 4/30/2011
Perf: $3,544.06 Date: 3/31/2011
Perf: $3,396.97 Date: 2/28/2011
Perf: $3,442.76 Date: 1/31/2011
Perf: $3,359.12 Date: 12/31/2010
Perf: $3,403.02 Date: 11/30/2010
Perf: $3,205.25 Date: 10/31/2010
Perf: $3,366.16 Date: 9/30/2010
Perf: $3,220.58 Date: 8/31/2010
Perf: $3,187.12 Date: 7/31/2010
Perf: $2,978.34 Date: 6/30/2010
Perf: $3,039.43 Date: 5/31/2010
Perf: $3,018.90 Date: 4/30/2010
Perf: $3,123.22 Date: 3/31/2010
Perf: $3,055.39 Date: 2/28/2010
Perf: $2,939.29 Date: 1/31/2010
Perf: $2,871.80 Date: 12/31/2009
Perf: $2,949.67 Date: 11/30/2009
Perf: $3,088.01 Date: 10/31/2009
Perf: $2,857.16 Date: 9/30/2009
Perf: $2,992.73 Date: 8/31/2009
Perf: $2,906.97 Date: 7/31/2009
Perf: $2,787.39 Date: 6/30/2009
Perf: $2,831.28 Date: 5/31/2009
Perf: $3,074.47 Date: 4/30/2009
Perf: $3,141.38 Date: 3/31/2009
Perf: $3,240.54 Date: 2/28/2009
Perf: $3,364.00 Date: 1/31/2009
Perf: $3,339.29 Date: 12/31/2008
Perf: $3,323.66 Date: 11/30/2008
Perf: $3,199.52 Date: 10/31/2008
Perf: $3,032.15 Date: 9/30/2008
Perf: $2,756.25 Date: 8/31/2008
Perf: $2,667.42 Date: 7/31/2008
Perf: $2,792.24 Date: 6/30/2008
Perf: $3,079.56 Date: 5/31/2008
Perf: $2,849.60 Date: 4/30/2008
Perf: $2,732.90 Date: 3/31/2008
Perf: $2,884.63 Date: 2/29/2008
Perf: $2,993.60 Date: 1/31/2008
Perf: $2,781.38 Date: 12/31/2007
Perf: $2,649.69 Date: 11/30/2007
Perf: $2,562.56 Date: 10/31/2007
Perf: $2,675.19 Date: 9/30/2007
Perf: $2,492.49 Date: 8/31/2007
Perf: $2,362.33 Date: 7/31/2007
Perf: $2,527.36 Date: 6/30/2007
Perf: $2,679.56 Date: 5/31/2007
Perf: $2,584.45 Date: 4/30/2007
Perf: $2,433.11 Date: 3/31/2007
Perf: $2,324.78 Date: 2/28/2007
Perf: $2,370.77 Date: 1/31/2007
Perf: $2,517.55 Date: 12/31/2006
Perf: $2,449.45 Date: 11/30/2006
Perf: $2,321.31 Date: 10/31/2006
Perf: $2,315.99 Date: 9/30/2006
Perf: $2,209.70 Date: 8/31/2006
Perf: $2,201.55 Date: 7/31/2006
Perf: $2,214.62 Date: 6/30/2006
Perf: $2,320.43 Date: 5/31/2006
Perf: $2,309.12 Date: 4/30/2006
Perf: $2,430.14 Date: 3/31/2006
Perf: $2,312.22 Date: 2/28/2006
Perf: $2,195.63 Date: 1/31/2006
Perf: $2,224.77 Date: 12/31/2005
Perf: $2,171.15 Date: 11/30/2005
Perf: $2,177.24 Date: 10/31/2005
Perf: $2,057.88 Date: 9/30/2005
Perf: $2,087.74 Date: 8/31/2005
Perf: $2,075.70 Date: 7/31/2005
Perf: $1,991.27 Date: 6/30/2005
Perf: $2,008.75 Date: 5/31/2005
Perf: $1,922.80 Date: 4/30/2005
Perf: $1,838.06 Date: 3/31/2005
Perf: $1,893.74 Date: 2/28/2005
Perf: $1,866.86 Date: 1/31/2005
Perf: $1,793.50 Date: 12/31/2004
Perf: $1,938.50 Date: 11/30/2004
Perf: $1,998.66 Date: 10/31/2004
Perf: $1,900.41 Date: 9/30/2004
Perf: $1,839.17 Date: 8/31/2004
Perf: $1,826.93 Date: 7/31/2004
Perf: $1,812.43 Date: 6/30/2004
Perf: $1,816.79 Date: 5/31/2004
Perf: $1,973.91 Date: 4/30/2004
Perf: $2,001.53 Date: 3/31/2004
Perf: $2,164.99 Date: 2/29/2004
Perf: $2,285.67 Date: 1/31/2004
Perf: $2,140.54 Date: 12/31/2003
Perf: $2,100.63 Date: 11/30/2003
Perf: $2,017.31 Date: 10/31/2003
Perf: $2,036.05 Date: 9/30/2003
Perf: $1,987.16 Date: 8/31/2003
Perf: $1,949.34 Date: 7/31/2003
Perf: $1,960.52 Date: 6/30/2003
Perf: $1,918.88 Date: 5/31/2003
Perf: $1,980.27 Date: 4/30/2003
Perf: $1,792.26 Date: 3/31/2003
Perf: $1,819.18 Date: 2/28/2003
Perf: $1,957.80 Date: 1/31/2003
Perf: $1,806.92 Date: 12/31/2002
Perf: $1,742.11 Date: 11/30/2002
Perf: $1,529.51 Date: 10/31/2002
Perf: $1,607.64 Date: 9/30/2002
Perf: $1,719.59 Date: 8/31/2002
Perf: $1,604.69 Date: 7/31/2002
Perf: $1,578.95 Date: 6/30/2002
Perf: $1,455.66 Date: 5/31/2002
Perf: $1,307.99 Date: 4/30/2002
Perf: $1,275.84 Date: 3/31/2002
Perf: $1,311.64 Date: 2/28/2002
Perf: $1,251.45 Date: 1/31/2002
Perf: $1,386.34 Date: 12/31/2001
Perf: $1,461.61 Date: 11/30/2001
Perf: $1,503.87 Date: 10/31/2001
Perf: $1,593.42 Date: 9/30/2001
Perf: $1,513.94 Date: 8/31/2001
Perf: $1,374.69 Date: 7/31/2001
Perf: $1,338.28 Date: 6/30/2001
Perf: $1,292.78 Date: 5/31/2001
Perf: $1,287.50 Date: 4/30/2001
Perf: $1,315.12 Date: 3/31/2001
Perf: $1,411.83 Date: 2/28/2001
Perf: $1,277.90 Date: 1/31/2001
Perf: $1,273.45 Date: 12/31/2000
Perf: $1,262.46 Date: 11/30/2000
Perf: $1,129.92 Date: 10/31/2000
Perf: $1,045.06 Date: 9/30/2000
Perf: $1,008.55 Date: 8/31/2000
Perf: $1,010.17 Date: 7/31/2000
Perf: $976.67 Date: 6/30/2000
Perf: $995.08 Date: 5/31/2000
Perf: $1,027.87 Date: 4/30/2000
Perf: $991.00 Date: 3/31/2000
Perf: $1,018.40 Date: 2/29/2000
Perf: $1,024.24 Date: 1/31/2000
Perf: $1,027.11 Date: 12/31/1999
Perf: $1,010.54 Date: 11/30/1999
Perf: $956.41 Date: 10/31/1999
Perf: $888.36 Date: 9/30/1999
Perf: $919.63 Date: 8/31/1999
Perf: $936.10 Date: 7/31/1999
Perf: $942.42 Date: 6/30/1999
Perf: $973.17 Date: 5/31/1999
Perf: $977.27 Date: 4/30/1999
Perf: $1,002.64 Date: 3/31/1999
Perf: $934.77 Date: 2/28/1999
Perf: $982.32 Date: 1/31/1999
Perf: $955.00 Date: 12/31/1998
Perf: $1,004.00 Date: 11/30/1998
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 11/98 - 05/17
Date: 5/31/2017
Return: 0.13 % Date: 4/30/2017
Return: -0.47 % Date: 3/31/2017
Return: -2.61 % Date: 2/28/2017
Return: 1.53 % Date: 1/31/2017
Return: 0.14 % Date: 12/31/2016
Return: -0.15 % Date: 11/30/2016
Return: -1.42 % Date: 10/31/2016
Return: -4.00 % Date: 9/30/2016
Return: 0.51 % Date: 8/31/2016
Return: -2.85 % Date: 7/31/2016
Return: 0.92 % Date: 6/30/2016
Return: 4.30 % Date: 5/31/2016
Return: -1.76 % Date: 4/30/2016
Return: -5.02 % Date: 3/31/2016
Return: -4.69 % Date: 2/29/2016
Return: 2.26 % Date: 1/31/2016
Return: 2.85 % Date: 12/31/2015
Return: -1.54 % Date: 11/30/2015
Return: 6.25 % Date: 10/31/2015
Return: -2.42 % Date: 9/30/2015
Return: 3.27 % Date: 8/31/2015
Return: 1.03 % Date: 7/31/2015
Return: 9.25 % Date: 6/30/2015
Return: -4.59 % Date: 5/31/2015
Return: -0.33 % Date: 4/30/2015
Return: -9.69 % Date: 3/31/2015
Return: 3.70 % Date: 2/28/2015
Return: -0.44 % Date: 1/31/2015
Return: 4.60 % Date: 12/31/2014
Return: 6.48 % Date: 11/30/2014
Return: 12.02 % Date: 10/31/2014
Return: 3.74 % Date: 9/30/2014
Return: 1.61 % Date: 8/31/2014
Return: 5.20 % Date: 7/31/2014
Return: -0.07 % Date: 6/30/2014
Return: 1.73 % Date: 5/31/2014
Return: 2.39 % Date: 4/30/2014
Return: 1.67 % Date: 3/31/2014
Return: -1.68 % Date: 2/28/2014
Return: 1.65 % Date: 1/31/2014
Return: -5.64 % Date: 12/31/2013
Return: -0.02 % Date: 11/30/2013
Return: 1.99 % Date: 10/31/2013
Return: 1.93 % Date: 9/30/2013
Return: -2.73 % Date: 8/31/2013
Return: -2.88 % Date: 7/31/2013
Return: -1.85 % Date: 6/30/2013
Return: 0.34 % Date: 5/31/2013
Return: -6.44 % Date: 4/30/2013
Return: 3.58 % Date: 3/31/2013
Return: 1.67 % Date: 2/28/2013
Return: -3.25 % Date: 1/31/2013
Return: 3.64 % Date: 12/31/2012
Return: 0.67 % Date: 11/30/2012
Return: -1.25 % Date: 10/31/2012
Return: -4.36 % Date: 9/30/2012
Return: -3.33 % Date: 8/31/2012
Return: -3.24 % Date: 7/31/2012
Return: 3.43 % Date: 6/30/2012
Return: -5.31 % Date: 5/31/2012
Return: 0.91 % Date: 4/30/2012
Return: 0.88 % Date: 3/31/2012
Return: -2.62 % Date: 2/29/2012
Return: 2.19 % Date: 1/31/2012
Return: 1.26 % Date: 12/31/2011
Return: 2.28 % Date: 11/30/2011
Return: 1.51 % Date: 10/31/2011
Return: -4.52 % Date: 9/30/2011
Return: 0.27 % Date: 8/31/2011
Return: 1.79 % Date: 7/31/2011
Return: 8.10 % Date: 6/30/2011
Return: -3.16 % Date: 5/31/2011
Return: -5.24 % Date: 4/30/2011
Return: 4.33 % Date: 3/31/2011
Return: -1.33 % Date: 2/28/2011
Return: 2.49 % Date: 1/31/2011
Return: -1.29 % Date: 12/31/2010
Return: 6.17 % Date: 11/30/2010
Return: -4.78 % Date: 10/31/2010
Return: 4.52 % Date: 9/30/2010
Return: 1.05 % Date: 8/31/2010
Return: 7.01 % Date: 7/31/2010
Return: -2.01 % Date: 6/30/2010
Return: 0.68 % Date: 5/31/2010
Return: -3.34 % Date: 4/30/2010
Return: 2.22 % Date: 3/31/2010
Return: 3.95 % Date: 2/28/2010
Return: 2.35 % Date: 1/31/2010
Return: -2.64 % Date: 12/31/2009
Return: -4.48 % Date: 11/30/2009
Return: 8.08 % Date: 10/31/2009
Return: -4.53 % Date: 9/30/2009
Return: 2.95 % Date: 8/31/2009
Return: 4.29 % Date: 7/31/2009
Return: -1.55 % Date: 6/30/2009
Return: -7.91 % Date: 5/31/2009
Return: -2.13 % Date: 4/30/2009
Return: -3.06 % Date: 3/31/2009
Return: -3.67 % Date: 2/28/2009
Return: 0.74 % Date: 1/31/2009
Return: 0.47 % Date: 12/31/2008
Return: 3.88 % Date: 11/30/2008
Return: 5.52 % Date: 10/31/2008
Return: 10.01 % Date: 9/30/2008
Return: 3.33 % Date: 8/31/2008
Return: -4.47 % Date: 7/31/2008
Return: -9.33 % Date: 6/30/2008
Return: 8.07 % Date: 5/31/2008
Return: 4.27 % Date: 4/30/2008
Return: -5.26 % Date: 3/31/2008
Return: -3.64 % Date: 2/29/2008
Return: 7.63 % Date: 1/31/2008
Return: 4.97 % Date: 12/31/2007
Return: 3.40 % Date: 11/30/2007
Return: -4.21 % Date: 10/31/2007
Return: 7.33 % Date: 9/30/2007
Return: 5.51 % Date: 8/31/2007
Return: -6.53 % Date: 7/31/2007
Return: -5.68 % Date: 6/30/2007
Return: 3.68 % Date: 5/31/2007
Return: 6.22 % Date: 4/30/2007
Return: 4.66 % Date: 3/31/2007
Return: -1.94 % Date: 2/28/2007
Return: -5.83 % Date: 1/31/2007
Return: 2.78 % Date: 12/31/2006
Return: 5.52 % Date: 11/30/2006
Return: 0.23 % Date: 10/31/2006
Return: 4.81 % Date: 9/30/2006
Return: 0.37 % Date: 8/31/2006
Return: -0.59 % Date: 7/31/2006
Return: -4.56 % Date: 6/30/2006
Return: 0.49 % Date: 5/31/2006
Return: -4.98 % Date: 4/30/2006
Return: 5.10 % Date: 3/31/2006
Return: 5.31 % Date: 2/28/2006
Return: -1.31 % Date: 1/31/2006
Return: 2.47 % Date: 12/31/2005
Return: -0.28 % Date: 11/30/2005
Return: 5.80 % Date: 10/31/2005
Return: -1.43 % Date: 9/30/2005
Return: 0.58 % Date: 8/31/2005
Return: 4.24 % Date: 7/31/2005
Return: -0.87 % Date: 6/30/2005
Return: 4.47 % Date: 5/31/2005
Return: 4.61 % Date: 4/30/2005
Return: -2.94 % Date: 3/31/2005
Return: 1.44 % Date: 2/28/2005
Return: 4.09 % Date: 1/31/2005
Return: -7.48 % Date: 12/31/2004
Return: -3.01 % Date: 11/30/2004
Return: 5.17 % Date: 10/31/2004
Return: 3.33 % Date: 9/30/2004
Return: 0.67 % Date: 8/31/2004
Return: 0.80 % Date: 7/31/2004
Return: -0.24 % Date: 6/30/2004
Return: -7.96 % Date: 5/31/2004
Return: -1.38 % Date: 4/30/2004
Return: -7.55 % Date: 3/31/2004
Return: -5.28 % Date: 2/29/2004
Return: 6.78 % Date: 1/31/2004
Return: 1.90 % Date: 12/31/2003
Return: 4.13 % Date: 11/30/2003
Return: -0.92 % Date: 10/31/2003
Return: 2.46 % Date: 9/30/2003
Return: 1.94 % Date: 8/31/2003
Return: -0.57 % Date: 7/31/2003
Return: 2.17 % Date: 6/30/2003
Return: -3.10 % Date: 5/31/2003
Return: 10.49 % Date: 4/30/2003
Return: -1.48 % Date: 3/31/2003
Return: -7.08 % Date: 2/28/2003
Return: 8.35 % Date: 1/31/2003
Return: 3.72 % Date: 12/31/2002
Return: 13.90 % Date: 11/30/2002
Return: -4.86 % Date: 10/31/2002
Return: -6.51 % Date: 9/30/2002
Return: 7.16 % Date: 8/31/2002
Return: 1.63 % Date: 7/31/2002
Return: 8.47 % Date: 6/30/2002
Return: 11.29 % Date: 5/31/2002
Return: 2.52 % Date: 4/30/2002
Return: -2.73 % Date: 3/31/2002
Return: 4.81 % Date: 2/28/2002
Return: -9.73 % Date: 1/31/2002
Return: -5.15 % Date: 12/31/2001
Return: -2.81 % Date: 11/30/2001
Return: -5.62 % Date: 10/31/2001
Return: 5.25 % Date: 9/30/2001
Return: 10.13 % Date: 8/31/2001
Return: 2.72 % Date: 7/31/2001
Return: 3.52 % Date: 6/30/2001
Return: 0.41 % Date: 5/31/2001
Return: -2.10 % Date: 4/30/2001
Return: -6.85 % Date: 3/31/2001
Return: 10.48 % Date: 2/28/2001
Return: 0.35 % Date: 1/31/2001
Return: 0.87 % Date: 12/31/2000
Return: 11.73 % Date: 11/30/2000
Return: 8.12 % Date: 10/31/2000
Return: 3.62 % Date: 9/30/2000
Return: -0.16 % Date: 8/31/2000
Return: 3.43 % Date: 7/31/2000
Return: -1.85 % Date: 6/30/2000
Return: -3.19 % Date: 5/31/2000
Return: 3.72 % Date: 4/30/2000
Return: -2.69 % Date: 3/31/2000
Return: -0.57 % Date: 2/29/2000
Return: -0.28 % Date: 1/31/2000
Return: 1.64 % Date: 12/31/1999
Return: 5.66 % Date: 11/30/1999
Return: 7.66 % Date: 10/31/1999
Return: -3.40 % Date: 9/30/1999
Return: -1.76 % Date: 8/31/1999
Return: -0.67 % Date: 7/31/1999
Return: -3.16 % Date: 6/30/1999
Return: -0.42 % Date: 5/31/1999
Return: -2.53 % Date: 4/30/1999
Return: 7.26 % Date: 3/31/1999
Return: -4.84 % Date: 2/28/1999
Return: 2.86 % Date: 1/31/1999
Return: -4.88 % Date: 12/31/1998
Return: 0.40 % Date: 11/30/1998
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 11/98 - 05/17
Return: 9.00 %
Count: 1 Return: -9.00 %
Count: 1 Return: -4.00 %
Count: 7 Return: -8.00 %
Count: 3 Return: 14.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: -10.00 %
Count: 2 Return: -6.00 %
Count: 5 Return: 5.00 %
Count: 12 Return: -7.00 %
Count: 5 Return: 10.00 %
Count: 4 Return: 1.00 %
Count: 15 Return: 12.00 %
Count: 2 Return: 4.00 %
Count: 19 Return: 2.00 %
Count: 24 Return: 6.00 %
Count: 9 Return: 8.00 %
Count: 8 Return: -2.00 %
Count: 12 Return: -1.00 %
Count: 14 Return: -3.00 %
Count: 22 Return: 7.00 %
Count: 5 Return: 3.00 %
Count: 12 Return: -5.00 %
Count: 16 Return: 0.00 %
Count: 23
Note: All performance data is since program inception.

Underwater Curve
Date Range: 11/98 - 05/17
Date: 5/31/2017
Drawdown: -14.77 % Date: 4/30/2017
Drawdown: -14.88 % Date: 3/31/2017
Drawdown: -14.47 % Date: 2/28/2017
Drawdown: -12.18 % Date: 1/31/2017
Drawdown: -13.51 % Date: 12/31/2016
Drawdown: -13.63 % Date: 11/30/2016
Drawdown: -13.50 % Date: 10/31/2016
Drawdown: -12.25 % Date: 9/30/2016
Drawdown: -8.59 % Date: 8/31/2016
Drawdown: -9.06 % Date: 7/31/2016
Drawdown: -6.39 % Date: 6/30/2016
Drawdown: -7.24 % Date: 5/31/2016
Drawdown: -11.07 % Date: 4/30/2016
Drawdown: -9.47 % Date: 3/31/2016
Drawdown: -4.69 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: 0.00 % Date: 12/31/2015
Drawdown: -1.54 % Date: 11/30/2015
Drawdown: 0.00 % Date: 10/31/2015
Drawdown: -4.48 % Date: 9/30/2015
Drawdown: -2.11 % Date: 8/31/2015
Drawdown: -5.21 % Date: 7/31/2015
Drawdown: -6.18 % Date: 6/30/2015
Drawdown: -14.12 % Date: 5/31/2015
Drawdown: -9.99 % Date: 4/30/2015
Drawdown: -9.69 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -0.44 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -8.71 % Date: 9/30/2014
Drawdown: -12.00 % Date: 8/31/2014
Drawdown: -13.40 % Date: 7/31/2014
Drawdown: -17.68 % Date: 6/30/2014
Drawdown: -17.62 % Date: 5/31/2014
Drawdown: -19.02 % Date: 4/30/2014
Drawdown: -20.91 % Date: 3/31/2014
Drawdown: -22.21 % Date: 2/28/2014
Drawdown: -20.88 % Date: 1/31/2014
Drawdown: -22.17 % Date: 12/31/2013
Drawdown: -17.51 % Date: 11/30/2013
Drawdown: -17.50 % Date: 10/31/2013
Drawdown: -19.11 % Date: 9/30/2013
Drawdown: -20.64 % Date: 8/31/2013
Drawdown: -18.41 % Date: 7/31/2013
Drawdown: -15.99 % Date: 6/30/2013
Drawdown: -14.41 % Date: 5/31/2013
Drawdown: -14.70 % Date: 4/30/2013
Drawdown: -8.83 % Date: 3/31/2013
Drawdown: -11.98 % Date: 2/28/2013
Drawdown: -13.42 % Date: 1/31/2013
Drawdown: -10.51 % Date: 12/31/2012
Drawdown: -13.66 % Date: 11/30/2012
Drawdown: -14.23 % Date: 10/31/2012
Drawdown: -13.15 % Date: 9/30/2012
Drawdown: -9.19 % Date: 8/31/2012
Drawdown: -6.06 % Date: 7/31/2012
Drawdown: -2.91 % Date: 6/30/2012
Drawdown: -6.13 % Date: 5/31/2012
Drawdown: -0.87 % Date: 4/30/2012
Drawdown: -1.76 % Date: 3/31/2012
Drawdown: -2.62 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: 0.00 % Date: 12/31/2011
Drawdown: -0.87 % Date: 11/30/2011
Drawdown: -3.08 % Date: 10/31/2011
Drawdown: -4.52 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -0.80 % Date: 6/30/2011
Drawdown: -8.23 % Date: 5/31/2011
Drawdown: -5.24 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -1.33 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -1.29 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -4.78 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -4.26 % Date: 8/31/2010
Drawdown: -5.26 % Date: 7/31/2010
Drawdown: -11.46 % Date: 6/30/2010
Drawdown: -9.65 % Date: 5/31/2010
Drawdown: -10.26 % Date: 4/30/2010
Drawdown: -7.16 % Date: 3/31/2010
Drawdown: -9.17 % Date: 2/28/2010
Drawdown: -12.63 % Date: 1/31/2010
Drawdown: -14.63 % Date: 12/31/2009
Drawdown: -12.32 % Date: 11/30/2009
Drawdown: -8.20 % Date: 10/31/2009
Drawdown: -15.07 % Date: 9/30/2009
Drawdown: -11.04 % Date: 8/31/2009
Drawdown: -13.59 % Date: 7/31/2009
Drawdown: -17.14 % Date: 6/30/2009
Drawdown: -15.84 % Date: 5/31/2009
Drawdown: -8.61 % Date: 4/30/2009
Drawdown: -6.62 % Date: 3/31/2009
Drawdown: -3.67 % Date: 2/28/2009
Drawdown: 0.00 % 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: -1.54 % Date: 9/30/2008
Drawdown: -10.50 % Date: 8/31/2008
Drawdown: -13.38 % Date: 7/31/2008
Drawdown: -9.33 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -4.81 % Date: 4/30/2008
Drawdown: -8.71 % Date: 3/31/2008
Drawdown: -3.64 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: -1.11 % Date: 11/30/2007
Drawdown: -4.37 % Date: 10/31/2007
Drawdown: -0.16 % Date: 9/30/2007
Drawdown: -6.98 % Date: 8/31/2007
Drawdown: -11.84 % Date: 7/31/2007
Drawdown: -5.68 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: -3.35 % Date: 3/31/2007
Drawdown: -7.66 % Date: 2/28/2007
Drawdown: -5.83 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: -4.48 % Date: 10/31/2006
Drawdown: -4.70 % Date: 9/30/2006
Drawdown: -9.07 % Date: 8/31/2006
Drawdown: -9.41 % Date: 7/31/2006
Drawdown: -8.87 % Date: 6/30/2006
Drawdown: -4.51 % Date: 5/31/2006
Drawdown: -4.98 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -3.94 % Date: 1/31/2006
Drawdown: -2.66 % Date: 12/31/2005
Drawdown: -5.01 % Date: 11/30/2005
Drawdown: -4.74 % Date: 10/31/2005
Drawdown: -9.97 % Date: 9/30/2005
Drawdown: -8.66 % Date: 8/31/2005
Drawdown: -9.19 % Date: 7/31/2005
Drawdown: -12.88 % Date: 6/30/2005
Drawdown: -12.12 % Date: 5/31/2005
Drawdown: -15.88 % Date: 4/30/2005
Drawdown: -19.58 % Date: 3/31/2005
Drawdown: -17.15 % Date: 2/28/2005
Drawdown: -18.32 % Date: 1/31/2005
Drawdown: -21.53 % Date: 12/31/2004
Drawdown: -15.19 % Date: 11/30/2004
Drawdown: -12.56 % Date: 10/31/2004
Drawdown: -16.86 % Date: 9/30/2004
Drawdown: -19.53 % Date: 8/31/2004
Drawdown: -20.07 % Date: 7/31/2004
Drawdown: -20.70 % Date: 6/30/2004
Drawdown: -20.51 % Date: 5/31/2004
Drawdown: -13.64 % Date: 4/30/2004
Drawdown: -12.43 % Date: 3/31/2004
Drawdown: -5.28 % 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: -0.92 % Date: 10/31/2003
Drawdown: 0.00 % Date: 9/30/2003
Drawdown: 0.00 % Date: 8/31/2003
Drawdown: -1.56 % Date: 7/31/2003
Drawdown: -1.00 % Date: 6/30/2003
Drawdown: -3.10 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: -8.46 % Date: 3/31/2003
Drawdown: -7.08 % 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: -11.05 % Date: 10/31/2002
Drawdown: -6.51 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: 0.00 % Date: 7/31/2002
Drawdown: -0.91 % Date: 6/30/2002
Drawdown: -8.65 % Date: 5/31/2002
Drawdown: -17.91 % Date: 4/30/2002
Drawdown: -19.93 % Date: 3/31/2002
Drawdown: -17.68 % Date: 2/28/2002
Drawdown: -21.46 % Date: 1/31/2002
Drawdown: -13.00 % Date: 12/31/2001
Drawdown: -8.27 % Date: 11/30/2001
Drawdown: -5.62 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: -2.63 % Date: 7/31/2001
Drawdown: -5.21 % Date: 6/30/2001
Drawdown: -8.43 % Date: 5/31/2001
Drawdown: -8.81 % Date: 4/30/2001
Drawdown: -6.85 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: 0.00 % Date: 1/31/2001
Drawdown: 0.00 % 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: -1.88 % Date: 8/31/2000
Drawdown: -1.72 % Date: 7/31/2000
Drawdown: -4.98 % Date: 6/30/2000
Drawdown: -3.19 % Date: 5/31/2000
Drawdown: 0.00 % Date: 4/30/2000
Drawdown: -3.52 % Date: 3/31/2000
Drawdown: -0.85 % Date: 2/29/2000
Drawdown: -0.28 % Date: 1/31/2000
Drawdown: 0.00 % Date: 12/31/1999
Drawdown: 0.00 % Date: 11/30/1999
Drawdown: -4.74 % Date: 10/31/1999
Drawdown: -11.52 % Date: 9/30/1999
Drawdown: -8.40 % Date: 8/31/1999
Drawdown: -6.76 % Date: 7/31/1999
Drawdown: -6.13 % Date: 6/30/1999
Drawdown: -3.07 % Date: 5/31/1999
Drawdown: -2.66 % Date: 4/30/1999
Drawdown: -0.14 % Date: 3/31/1999
Drawdown: -6.90 % Date: 2/28/1999
Drawdown: -2.16 % Date: 1/31/1999
Drawdown: -4.88 % Date: 12/31/1998
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

The performance information shown is the performance of the advisor's offshore fund, Aspect Diversified Fund, which trades this program pursuant to an exemption under Rule 4.7 of the Commodity Exchange Act. 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 advisor manages accounts of "qualified eligible persons" (QEPs), as well as non-QEPs. The advisor does not allow for the notional funding of accounts for non-QEP investors. The performance for non-notionally funded account subset varies slightly. Please see the advisor's disclosure document for the performance of non-QEP accounts.

Manager Information
Manager Name:  Aspect Capital Limited
Address: 10 Portman Square
City: London
State:
Zip: W1H 6AZ
Country: United Kingdom
Key People

Employee information is not available.
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.