Altegris Clearing Solutions Rosetta Capital Management LLC Rosetta Trading Program
Monthly Performance (%)
Date Range: 03/00 - 07/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.42 -0.56 0.82 0.25 1.82 -0.98 0.73 2.50
2016 -0.86 0.82 -0.06 -3.28 2.43 -3.54 -0.92 -0.37 -1.21 -1.68 0.14 -1.83 -10.02
2015 1.60 -2.54 1.46 -1.07 2.10 4.17 -1.99 -2.99 -1.60 -0.31 -0.91 -0.97 -3.25
2014 -2.77 -5.67 2.33 0.81 3.22 0.13 9.08 1.75 6.06 -9.16 0.08 -1.11 3.49
2013 2.26 -1.67 -0.41 -0.58 -2.19 1.26 1.88 -4.03 0.54 0.34 0.22 -0.50 -3.01
2012 -1.28 0.99 2.38 0.16 1.03 10.93 5.07 0.25 0.81 -0.05 -0.87 -3.63 16.17
2011 1.28 5.10 -3.60 5.02 3.05 -4.06 -2.63 1.88 -2.45 3.27 -2.71 2.38 6.05
2010 0.46 -0.41 3.01 0.59 2.19 -2.39 0.22 3.98 4.81 15.74 -4.34 0.65 25.86
2009 -0.57 0.58 -2.59 3.29 -6.07 0.37 1.32 -0.58 4.07 -4.89 -0.49 1.65 -4.33
2008 13.85 7.22 3.14 -2.92 -7.12 0.45 3.51 -2.30 7.05 -2.83 -2.27 -1.52 15.45
2007 -5.22 3.09 -7.75 -3.41 -0.09 12.37 -17.38 1.41 8.57 10.48 -1.20 7.45 4.28
2006 10.48 1.17 10.97 -0.13 0.32 -5.89 -2.26 -7.28 -1.39 3.35 14.81 3.40 28.23
2005 -0.82 0.86 3.18 1.06 6.47 1.57 2.25 -9.34 5.27 7.25 2.85 0.42 21.93
2004 5.07 -2.04 22.77 12.05 0.38 -3.28 -2.73 11.26 5.30 4.61 13.80 3.68 93.35
2003 -12.68 11.04 -11.10 -6.18 -5.61 8.93 94.99 30.15 14.37 31.08 -9.02 -14.77 145.31
2002 -5.21 7.49 -7.92 3.54 11.19 -6.66 23.64 13.21 9.64 14.44 59.95 -20.96 123.85
2001 -6.10 9.51 -1.09 -0.01 7.89 -7.37 -0.61 -9.79 31.75 40.87 5.41 -10.53 59.51
2000 -8.70 0.28 18.66 4.81 -34.33 40.39 3.09 7.89 49.41 74.45
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Rosetta Trading Program is a discretionary trading program with a focus on the meat and grains markets. The Program primarily relies on fundamental analysis, which considers the various factors that affect the supply and demand of a particular commodity interest in order to predict future prices. Fundamental analysis assumes that markets are imperfect and that information is not instantaneously assimilated or disseminated in the marketplace. By monitoring relevant supply and demand factors, a state of disequilibrium of conditions may be identified that has yet to be reflected in the price of that commodity interest. Such factors may include weather, the economics of a particular business or commodity, government policies, domestic and foreign political and economic events and changing trade prospects. However, the Program also utilizes certain technical overlays. Technical analysis is based on the theory that the study of the past price action in a given market, rather than factors that affect the supply and demand of a particular commodity interest, provides a means of anticipating future prices. Technical analysis operates on the theory that market prices at any given time reflect all known factors affecting supply and demand for a particular commodity interest. Consequently, only a detailed analysis of, among other things, actual daily, weekly and monthly price fluctuations, volume variations and changes in open interest are of predictive value when determining the future course of price movements.

Performance Statistics
Date Range: 03/00 - 07/17
  Program SP500 TR Altegris 40
Total Return 7289.07% 153.61% 120.47%
Annualized Return 28.17% 5.49% 4.64%
Annualized Std. Deviation 40.93% 14.63% 10.25%
Correlation 0.00 0.03
Sharpe Ratio (rf=2.5%) 0.63 0.20 0.21
Worst Month -34.33% -16.79% -7.77%
Date of Worst Month 08/2000 10/2008 11/2001
Worst Drawdown -39.67% -50.95% -15.74%
Date of Worst Drawdown 11/02 - 5/03 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 03/00 - 07/17
Year or YTD Program SP500 TR Altegris 40
2017 2.50 11.60 -3.53
2016 -10.02 11.98 -3.13
2015 -3.25 1.41 0.09
2014 3.49 13.69 15.75
2013 -3.01 32.41 -2.45
2012 16.17 15.98 -4.75
2011 6.05 2.12 -3.23
2010 25.86 15.06 11.33
2009 -4.33 26.45 -7.98
2008 15.45 -36.99 15.47
2007 4.28 5.50 7.18
2006 28.23 15.79 6.70
2005 21.93 4.89 4.51
2004 93.35 10.87 2.57
2003 145.31 28.69 15.99
2002 123.85 -22.10 15.22
2001 59.51 -11.88 5.39
2000 74.45 -11.13 13.69
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 03/00 - 07/17
Date: 7/31/2017
Perf: $2,260.72 Date: 6/30/2017
Perf: $2,251.94 Date: 5/31/2017
Perf: $2,319.67 Date: 4/30/2017
Perf: $2,315.27 Date: 3/31/2017
Perf: $2,329.25 Date: 2/28/2017
Perf: $2,363.76 Date: 1/31/2017
Perf: $2,313.33 Date: 12/31/2016
Perf: $2,343.56 Date: 11/30/2016
Perf: $2,325.89 Date: 10/31/2016
Perf: $2,351.75 Date: 9/30/2016
Perf: $2,414.04 Date: 8/31/2016
Perf: $2,445.58 Date: 7/31/2016
Perf: $2,513.19 Date: 6/30/2016
Perf: $2,487.81 Date: 5/31/2016
Perf: $2,386.39 Date: 4/30/2016
Perf: $2,428.90 Date: 3/31/2016
Perf: $2,491.43 Date: 2/29/2016
Perf: $2,565.05 Date: 1/31/2016
Perf: $2,503.46 Date: 12/31/2015
Perf: $2,419.27 Date: 11/30/2015
Perf: $2,476.23 Date: 10/31/2015
Perf: $2,394.57 Date: 9/30/2015
Perf: $2,436.98 Date: 8/31/2015
Perf: $2,385.22 Date: 7/31/2015
Perf: $2,427.21 Date: 6/30/2015
Perf: $2,335.87 Date: 5/31/2015
Perf: $2,464.00 Date: 4/30/2015
Perf: $2,481.87 Date: 3/31/2015
Perf: $2,581.52 Date: 2/28/2015
Perf: $2,525.70 Date: 1/31/2015
Perf: $2,529.75 Date: 12/31/2014
Perf: $2,417.11 Date: 11/30/2014
Perf: $2,375.31 Date: 10/31/2014
Perf: $2,241.91 Date: 9/30/2014
Perf: $2,209.43 Date: 8/31/2014
Perf: $2,177.00 Date: 7/31/2014
Perf: $2,088.65 Date: 6/30/2014
Perf: $2,105.49 Date: 5/31/2014
Perf: $2,087.54 Date: 4/30/2014
Perf: $2,035.43 Date: 3/31/2014
Perf: $2,020.08 Date: 2/28/2014
Perf: $2,050.42 Date: 1/31/2014
Perf: $2,033.75 Date: 12/31/2013
Perf: $2,088.25 Date: 11/30/2013
Perf: $2,091.18 Date: 10/31/2013
Perf: $2,054.00 Date: 9/30/2013
Perf: $2,008.02 Date: 8/31/2013
Perf: $2,020.14 Date: 7/31/2013
Perf: $2,059.68 Date: 6/30/2013
Perf: $2,077.76 Date: 5/31/2013
Perf: $2,159.61 Date: 4/30/2013
Perf: $2,256.65 Date: 3/31/2013
Perf: $2,199.89 Date: 2/28/2013
Perf: $2,168.66 Date: 1/31/2013
Perf: $2,181.31 Date: 12/31/2012
Perf: $2,140.64 Date: 11/30/2012
Perf: $2,130.20 Date: 10/31/2012
Perf: $2,124.25 Date: 9/30/2012
Perf: $2,204.04 Date: 8/31/2012
Perf: $2,241.02 Date: 7/31/2012
Perf: $2,271.91 Date: 6/30/2012
Perf: $2,182.64 Date: 5/31/2012
Perf: $2,267.92 Date: 4/30/2012
Perf: $2,225.63 Date: 3/31/2012
Perf: $2,212.36 Date: 2/29/2012
Perf: $2,263.74 Date: 1/31/2012
Perf: $2,254.50 Date: 12/31/2011
Perf: $2,247.31 Date: 11/30/2011
Perf: $2,225.94 Date: 10/31/2011
Perf: $2,219.28 Date: 9/30/2011
Perf: $2,310.79 Date: 8/31/2011
Perf: $2,312.18 Date: 7/31/2011
Perf: $2,316.81 Date: 6/30/2011
Perf: $2,236.52 Date: 5/31/2011
Perf: $2,296.22 Date: 4/30/2011
Perf: $2,383.21 Date: 3/31/2011
Perf: $2,293.75 Date: 2/28/2011
Perf: $2,329.39 Date: 1/31/2011
Perf: $2,290.45 Date: 12/31/2010
Perf: $2,322.27 Date: 11/30/2010
Perf: $2,226.74 Date: 10/31/2010
Perf: $2,308.46 Date: 9/30/2010
Perf: $2,222.24 Date: 8/31/2010
Perf: $2,182.52 Date: 7/31/2010
Perf: $2,095.75 Date: 6/30/2010
Perf: $2,123.14 Date: 5/31/2010
Perf: $2,115.10 Date: 4/30/2010
Perf: $2,167.56 Date: 3/31/2010
Perf: $2,134.68 Date: 2/28/2010
Perf: $2,053.17 Date: 1/31/2010
Perf: $2,034.05 Date: 12/31/2009
Perf: $2,085.99 Date: 11/30/2009
Perf: $2,172.91 Date: 10/31/2009
Perf: $2,088.73 Date: 9/30/2009
Perf: $2,143.61 Date: 8/31/2009
Perf: $2,093.78 Date: 7/31/2009
Perf: $2,086.89 Date: 6/30/2009
Perf: $2,089.19 Date: 5/31/2009
Perf: $2,146.28 Date: 4/30/2009
Perf: $2,117.07 Date: 3/31/2009
Perf: $2,188.63 Date: 2/28/2009
Perf: $2,250.99 Date: 1/31/2009
Perf: $2,252.11 Date: 12/31/2008
Perf: $2,266.85 Date: 11/30/2008
Perf: $2,210.05 Date: 10/31/2008
Perf: $2,131.81 Date: 9/30/2008
Perf: $2,027.40 Date: 8/31/2008
Perf: $2,023.15 Date: 7/31/2008
Perf: $2,078.65 Date: 6/30/2008
Perf: $2,178.65 Date: 5/31/2008
Perf: $2,121.99 Date: 4/30/2008
Perf: $2,079.16 Date: 3/31/2008
Perf: $2,103.35 Date: 2/29/2008
Perf: $2,112.65 Date: 1/31/2008
Perf: $1,998.91 Date: 12/31/2007
Perf: $1,963.18 Date: 11/30/2007
Perf: $1,967.71 Date: 10/31/2007
Perf: $1,980.58 Date: 9/30/2007
Perf: $1,898.74 Date: 8/31/2007
Perf: $1,814.03 Date: 7/31/2007
Perf: $1,884.31 Date: 6/30/2007
Perf: $1,944.40 Date: 5/31/2007
Perf: $1,889.78 Date: 4/30/2007
Perf: $1,824.64 Date: 3/31/2007
Perf: $1,751.09 Date: 2/28/2007
Perf: $1,793.05 Date: 1/31/2007
Perf: $1,862.91 Date: 12/31/2006
Perf: $1,831.59 Date: 11/30/2006
Perf: $1,771.71 Date: 10/31/2006
Perf: $1,729.34 Date: 9/30/2006
Perf: $1,710.52 Date: 8/31/2006
Perf: $1,728.85 Date: 7/31/2006
Perf: $1,709.70 Date: 6/30/2006
Perf: $1,735.38 Date: 5/31/2006
Perf: $1,759.49 Date: 4/30/2006
Perf: $1,807.38 Date: 3/31/2006
Perf: $1,764.33 Date: 2/28/2006
Perf: $1,718.28 Date: 1/31/2006
Perf: $1,749.42 Date: 12/31/2005
Perf: $1,716.64 Date: 11/30/2005
Perf: $1,748.28 Date: 10/31/2005
Perf: $1,676.36 Date: 9/30/2005
Perf: $1,673.69 Date: 8/31/2005
Perf: $1,648.30 Date: 7/31/2005
Perf: $1,639.45 Date: 6/30/2005
Perf: $1,638.47 Date: 5/31/2005
Perf: $1,584.44 Date: 4/30/2005
Perf: $1,536.95 Date: 3/31/2005
Perf: $1,575.55 Date: 2/28/2005
Perf: $1,584.42 Date: 1/31/2005
Perf: $1,573.56 Date: 12/31/2004
Perf: $1,642.55 Date: 11/30/2004
Perf: $1,637.15 Date: 10/31/2004
Perf: $1,553.12 Date: 9/30/2004
Perf: $1,501.76 Date: 8/31/2004
Perf: $1,481.76 Date: 7/31/2004
Perf: $1,492.05 Date: 6/30/2004
Perf: $1,509.26 Date: 5/31/2004
Perf: $1,560.76 Date: 4/30/2004
Perf: $1,585.98 Date: 3/31/2004
Perf: $1,691.17 Date: 2/29/2004
Perf: $1,707.91 Date: 1/31/2004
Perf: $1,616.73 Date: 12/31/2003
Perf: $1,601.35 Date: 11/30/2003
Perf: $1,534.89 Date: 10/31/2003
Perf: $1,539.51 Date: 9/30/2003
Perf: $1,505.63 Date: 8/31/2003
Perf: $1,512.59 Date: 7/31/2003
Perf: $1,498.51 Date: 6/30/2003
Perf: $1,533.16 Date: 5/31/2003
Perf: $1,572.63 Date: 4/30/2003
Perf: $1,485.43 Date: 3/31/2003
Perf: $1,463.91 Date: 2/28/2003
Perf: $1,552.73 Date: 1/31/2003
Perf: $1,465.25 Date: 12/31/2002
Perf: $1,380.62 Date: 11/30/2002
Perf: $1,301.37 Date: 10/31/2002
Perf: $1,338.31 Date: 9/30/2002
Perf: $1,411.42 Date: 8/31/2002
Perf: $1,349.22 Date: 7/31/2002
Perf: $1,317.47 Date: 6/30/2002
Perf: $1,250.68 Date: 5/31/2002
Perf: $1,149.10 Date: 4/30/2002
Perf: $1,120.09 Date: 3/31/2002
Perf: $1,147.16 Date: 2/28/2002
Perf: $1,150.50 Date: 1/31/2002
Perf: $1,183.89 Date: 12/31/2001
Perf: $1,198.26 Date: 11/30/2001
Perf: $1,173.50 Date: 10/31/2001
Perf: $1,272.37 Date: 9/30/2001
Perf: $1,219.68 Date: 8/31/2001
Perf: $1,183.23 Date: 7/31/2001
Perf: $1,148.88 Date: 6/30/2001
Perf: $1,146.36 Date: 5/31/2001
Perf: $1,159.11 Date: 4/30/2001
Perf: $1,158.76 Date: 3/31/2001
Perf: $1,234.83 Date: 2/28/2001
Perf: $1,159.68 Date: 1/31/2001
Perf: $1,148.77 Date: 12/31/2000
Perf: $1,136.94 Date: 11/30/2000
Perf: $1,050.49 Date: 10/31/2000
Perf: $988.60 Date: 9/30/2000
Perf: $968.36 Date: 8/31/2000
Perf: $985.51 Date: 7/31/2000
Perf: $965.62 Date: 6/30/2000
Perf: $982.92 Date: 5/31/2000
Perf: $998.39 Date: 4/30/2000
Perf: $984.90 Date: 3/31/2000
Perf: $1,000.00 Date: 7/31/2017
Perf: $2,310.14 Date: 6/30/2017
Perf: $2,263.51 Date: 5/31/2017
Perf: $2,249.56 Date: 4/30/2017
Perf: $2,218.29 Date: 3/31/2017
Perf: $2,195.67 Date: 2/28/2017
Perf: $2,193.04 Date: 1/31/2017
Perf: $2,109.30 Date: 12/31/2016
Perf: $2,069.97 Date: 11/30/2016
Perf: $2,029.78 Date: 10/31/2016
Perf: $1,957.36 Date: 9/30/2016
Perf: $1,993.64 Date: 8/31/2016
Perf: $1,993.24 Date: 7/31/2016
Perf: $1,990.46 Date: 6/30/2016
Perf: $1,919.62 Date: 5/31/2016
Perf: $1,914.65 Date: 4/30/2016
Perf: $1,880.79 Date: 3/31/2016
Perf: $1,873.48 Date: 2/29/2016
Perf: $1,754.53 Date: 1/31/2016
Perf: $1,756.81 Date: 12/31/2015
Perf: $1,848.50 Date: 11/30/2015
Perf: $1,878.17 Date: 10/31/2015
Perf: $1,872.55 Date: 9/30/2015
Perf: $1,726.81 Date: 8/31/2015
Perf: $1,770.54 Date: 7/31/2015
Perf: $1,884.16 Date: 6/30/2015
Perf: $1,845.40 Date: 5/31/2015
Perf: $1,881.91 Date: 4/30/2015
Perf: $1,857.95 Date: 3/31/2015
Perf: $1,840.28 Date: 2/28/2015
Perf: $1,869.82 Date: 1/31/2015
Perf: $1,768.15 Date: 12/31/2014
Perf: $1,822.84 Date: 11/30/2014
Perf: $1,827.41 Date: 10/31/2014
Perf: $1,779.54 Date: 9/30/2014
Perf: $1,737.15 Date: 8/31/2014
Perf: $1,761.82 Date: 7/31/2014
Perf: $1,694.05 Date: 6/30/2014
Perf: $1,717.76 Date: 5/31/2014
Perf: $1,682.92 Date: 4/30/2014
Perf: $1,644.28 Date: 3/31/2014
Perf: $1,632.20 Date: 2/28/2014
Perf: $1,618.61 Date: 1/31/2014
Perf: $1,547.87 Date: 12/31/2013
Perf: $1,603.35 Date: 11/30/2013
Perf: $1,563.78 Date: 10/31/2013
Perf: $1,517.50 Date: 9/30/2013
Perf: $1,450.76 Date: 8/31/2013
Perf: $1,406.60 Date: 7/31/2013
Perf: $1,448.61 Date: 6/30/2013
Perf: $1,378.44 Date: 5/31/2013
Perf: $1,397.17 Date: 4/30/2013
Perf: $1,365.22 Date: 3/31/2013
Perf: $1,339.37 Date: 2/28/2013
Perf: $1,290.96 Date: 1/31/2013
Perf: $1,273.64 Date: 12/31/2012
Perf: $1,210.91 Date: 11/30/2012
Perf: $1,199.99 Date: 10/31/2012
Perf: $1,193.07 Date: 9/30/2012
Perf: $1,215.56 Date: 8/31/2012
Perf: $1,184.99 Date: 7/31/2012
Perf: $1,158.91 Date: 6/30/2012
Perf: $1,143.02 Date: 5/31/2012
Perf: $1,097.79 Date: 4/30/2012
Perf: $1,167.99 Date: 3/31/2012
Perf: $1,175.40 Date: 2/29/2012
Perf: $1,137.96 Date: 1/31/2012
Perf: $1,090.83 Date: 12/31/2011
Perf: $1,044.06 Date: 11/30/2011
Perf: $1,033.52 Date: 10/31/2011
Perf: $1,035.80 Date: 9/30/2011
Perf: $933.74 Date: 8/31/2011
Perf: $1,004.34 Date: 7/31/2011
Perf: $1,062.01 Date: 6/30/2011
Perf: $1,084.02 Date: 5/31/2011
Perf: $1,102.43 Date: 4/30/2011
Perf: $1,115.03 Date: 3/31/2011
Perf: $1,082.97 Date: 2/28/2011
Perf: $1,082.54 Date: 1/31/2011
Perf: $1,046.64 Date: 12/31/2010
Perf: $1,022.41 Date: 11/30/2010
Perf: $958.39 Date: 10/31/2010
Perf: $958.29 Date: 9/30/2010
Perf: $923.12 Date: 8/31/2010
Perf: $847.52 Date: 7/31/2010
Perf: $887.55 Date: 6/30/2010
Perf: $829.41 Date: 5/31/2010
Perf: $875.18 Date: 4/30/2010
Perf: $951.18 Date: 3/31/2010
Perf: $936.38 Date: 2/28/2010
Perf: $883.13 Date: 1/31/2010
Perf: $856.58 Date: 12/31/2009
Perf: $888.57 Date: 11/30/2009
Perf: $871.74 Date: 10/31/2009
Perf: $822.40 Date: 9/30/2009
Perf: $837.98 Date: 8/31/2009
Perf: $807.85 Date: 7/31/2009
Perf: $779.70 Date: 6/30/2009
Perf: $724.90 Date: 5/31/2009
Perf: $723.45 Date: 4/30/2009
Perf: $685.15 Date: 3/31/2009
Perf: $625.31 Date: 2/28/2009
Perf: $574.95 Date: 1/31/2009
Perf: $643.48 Date: 12/31/2008
Perf: $702.72 Date: 11/30/2008
Perf: $695.35 Date: 10/31/2008
Perf: $749.13 Date: 9/30/2008
Perf: $900.29 Date: 8/31/2008
Perf: $988.35 Date: 7/31/2008
Perf: $974.23 Date: 6/30/2008
Perf: $982.48 Date: 5/31/2008
Perf: $1,072.93 Date: 4/30/2008
Perf: $1,059.16 Date: 3/31/2008
Perf: $1,009.97 Date: 2/29/2008
Perf: $1,014.34 Date: 1/31/2008
Perf: $1,048.41 Date: 12/31/2007
Perf: $1,115.33 Date: 11/30/2007
Perf: $1,123.08 Date: 10/31/2007
Perf: $1,172.07 Date: 9/30/2007
Perf: $1,153.73 Date: 8/31/2007
Perf: $1,112.13 Date: 7/31/2007
Perf: $1,095.70 Date: 6/30/2007
Perf: $1,130.75 Date: 5/31/2007
Perf: $1,149.84 Date: 4/30/2007
Perf: $1,111.06 Date: 3/31/2007
Perf: $1,063.93 Date: 2/28/2007
Perf: $1,052.15 Date: 1/31/2007
Perf: $1,073.18 Date: 12/31/2006
Perf: $1,057.22 Date: 11/30/2006
Perf: $1,042.62 Date: 10/31/2006
Perf: $1,023.18 Date: 9/30/2006
Perf: $990.88 Date: 8/31/2006
Perf: $965.95 Date: 7/31/2006
Perf: $943.50 Date: 6/30/2006
Perf: $937.69 Date: 5/31/2006
Perf: $936.37 Date: 4/30/2006
Perf: $964.14 Date: 3/31/2006
Perf: $951.39 Date: 2/28/2006
Perf: $939.74 Date: 1/31/2006
Perf: $937.21 Date: 12/31/2005
Perf: $913.02 Date: 11/30/2005
Perf: $912.74 Date: 10/31/2005
Perf: $879.50 Date: 9/30/2005
Perf: $894.43 Date: 8/31/2005
Perf: $887.25 Date: 7/31/2005
Perf: $895.40 Date: 6/30/2005
Perf: $863.28 Date: 5/31/2005
Perf: $862.07 Date: 4/30/2005
Perf: $835.50 Date: 3/31/2005
Perf: $851.69 Date: 2/28/2005
Perf: $867.03 Date: 1/31/2005
Perf: $849.20 Date: 12/31/2004
Perf: $870.44 Date: 11/30/2004
Perf: $841.82 Date: 10/31/2004
Perf: $809.05 Date: 9/30/2004
Perf: $796.86 Date: 8/31/2004
Perf: $788.34 Date: 7/31/2004
Perf: $785.20 Date: 6/30/2004
Perf: $812.08 Date: 5/31/2004
Perf: $796.63 Date: 4/30/2004
Perf: $785.86 Date: 3/31/2004
Perf: $798.40 Date: 2/29/2004
Perf: $810.64 Date: 1/31/2004
Perf: $799.52 Date: 12/31/2003
Perf: $785.08 Date: 11/30/2003
Perf: $745.99 Date: 10/31/2003
Perf: $739.48 Date: 9/30/2003
Perf: $699.87 Date: 8/31/2003
Perf: $707.37 Date: 7/31/2003
Perf: $693.84 Date: 6/30/2003
Perf: $681.84 Date: 5/31/2003
Perf: $673.22 Date: 4/30/2003
Perf: $639.52 Date: 3/31/2003
Perf: $590.83 Date: 2/28/2003
Perf: $585.16 Date: 1/31/2003
Perf: $594.07 Date: 12/31/2002
Perf: $610.05 Date: 11/30/2002
Perf: $648.09 Date: 10/31/2002
Perf: $612.05 Date: 9/30/2002
Perf: $562.54 Date: 8/31/2002
Perf: $631.15 Date: 7/31/2002
Perf: $627.01 Date: 6/30/2002
Perf: $680.05 Date: 5/31/2002
Perf: $732.18 Date: 4/30/2002
Perf: $737.64 Date: 3/31/2002
Perf: $785.23 Date: 2/28/2002
Perf: $756.77 Date: 1/31/2002
Perf: $771.67 Date: 12/31/2001
Perf: $783.10 Date: 11/30/2001
Perf: $776.27 Date: 10/31/2001
Perf: $720.97 Date: 9/30/2001
Perf: $707.46 Date: 8/31/2001
Perf: $769.64 Date: 7/31/2001
Perf: $821.04 Date: 6/30/2001
Perf: $829.17 Date: 5/31/2001
Perf: $849.82 Date: 4/30/2001
Perf: $844.16 Date: 3/31/2001
Perf: $783.30 Date: 2/28/2001
Perf: $836.32 Date: 1/31/2001
Perf: $920.25 Date: 12/31/2000
Perf: $888.70 Date: 11/30/2000
Perf: $884.37 Date: 10/31/2000
Perf: $960.02 Date: 9/30/2000
Perf: $964.07 Date: 8/31/2000
Perf: $1,017.81 Date: 7/31/2000
Perf: $958.30 Date: 6/30/2000
Perf: $973.48 Date: 5/31/2000
Perf: $950.02 Date: 4/30/2000
Perf: $969.90 Date: 3/31/2000
Perf: $1,000.00 Date: 7/31/2017
Perf: $73,890.70 Date: 6/30/2017
Perf: $73,355.20 Date: 5/31/2017
Perf: $74,081.20 Date: 4/30/2017
Perf: $72,757.02 Date: 3/31/2017
Perf: $72,575.58 Date: 2/28/2017
Perf: $71,985.30 Date: 1/31/2017
Perf: $72,390.69 Date: 12/31/2016
Perf: $72,087.92 Date: 11/30/2016
Perf: $73,431.72 Date: 10/31/2016
Perf: $73,329.06 Date: 9/30/2016
Perf: $74,582.04 Date: 8/31/2016
Perf: $75,495.54 Date: 7/31/2016
Perf: $75,775.91 Date: 6/30/2016
Perf: $76,479.52 Date: 5/31/2016
Perf: $79,286.25 Date: 4/30/2016
Perf: $77,405.30 Date: 3/31/2016
Perf: $80,030.30 Date: 2/29/2016
Perf: $80,078.34 Date: 1/31/2016
Perf: $79,427.04 Date: 12/31/2015
Perf: $80,116.04 Date: 11/30/2015
Perf: $80,900.78 Date: 10/31/2015
Perf: $81,643.74 Date: 9/30/2015
Perf: $81,897.62 Date: 8/31/2015
Perf: $83,229.29 Date: 7/31/2015
Perf: $85,794.54 Date: 6/30/2015
Perf: $87,536.52 Date: 5/31/2015
Perf: $84,032.37 Date: 4/30/2015
Perf: $82,303.99 Date: 3/31/2015
Perf: $83,194.16 Date: 2/28/2015
Perf: $81,997.01 Date: 1/31/2015
Perf: $84,134.01 Date: 12/31/2014
Perf: $82,809.07 Date: 11/30/2014
Perf: $83,738.56 Date: 10/31/2014
Perf: $83,671.63 Date: 9/30/2014
Perf: $92,108.79 Date: 8/31/2014
Perf: $86,845.93 Date: 7/31/2014
Perf: $85,352.27 Date: 6/30/2014
Perf: $78,247.40 Date: 5/31/2014
Perf: $78,145.81 Date: 4/30/2014
Perf: $75,708.01 Date: 3/31/2014
Perf: $75,099.71 Date: 2/28/2014
Perf: $73,389.73 Date: 1/31/2014
Perf: $77,801.04 Date: 12/31/2013
Perf: $80,017.53 Date: 11/30/2013
Perf: $80,419.63 Date: 10/31/2013
Perf: $80,243.09 Date: 9/30/2013
Perf: $79,971.19 Date: 8/31/2013
Perf: $79,541.67 Date: 7/31/2013
Perf: $82,881.80 Date: 6/30/2013
Perf: $81,352.38 Date: 5/31/2013
Perf: $80,340.09 Date: 4/30/2013
Perf: $82,138.94 Date: 3/31/2013
Perf: $82,618.12 Date: 2/28/2013
Perf: $82,958.25 Date: 1/31/2013
Perf: $84,367.18 Date: 12/31/2012
Perf: $82,502.62 Date: 11/30/2012
Perf: $85,610.28 Date: 10/31/2012
Perf: $86,361.62 Date: 9/30/2012
Perf: $86,404.82 Date: 8/31/2012
Perf: $85,710.57 Date: 7/31/2012
Perf: $85,496.83 Date: 6/30/2012
Perf: $81,371.30 Date: 5/31/2012
Perf: $73,353.74 Date: 4/30/2012
Perf: $72,605.90 Date: 3/31/2012
Perf: $72,489.91 Date: 2/29/2012
Perf: $70,804.76 Date: 1/31/2012
Perf: $70,110.66 Date: 12/31/2011
Perf: $71,019.72 Date: 11/30/2011
Perf: $69,368.74 Date: 10/31/2011
Perf: $71,301.00 Date: 9/30/2011
Perf: $69,043.28 Date: 8/31/2011
Perf: $70,777.33 Date: 7/31/2011
Perf: $69,471.27 Date: 6/30/2011
Perf: $71,347.71 Date: 5/31/2011
Perf: $74,367.01 Date: 4/30/2011
Perf: $72,165.95 Date: 3/31/2011
Perf: $68,716.39 Date: 2/28/2011
Perf: $71,282.56 Date: 1/31/2011
Perf: $67,823.56 Date: 12/31/2010
Perf: $66,966.39 Date: 11/30/2010
Perf: $66,533.92 Date: 10/31/2010
Perf: $69,552.50 Date: 9/30/2010
Perf: $60,093.74 Date: 8/31/2010
Perf: $57,335.89 Date: 7/31/2010
Perf: $55,141.26 Date: 6/30/2010
Perf: $55,020.22 Date: 5/31/2010
Perf: $56,367.40 Date: 4/30/2010
Perf: $55,159.41 Date: 3/31/2010
Perf: $54,835.88 Date: 2/28/2010
Perf: $53,233.55 Date: 1/31/2010
Perf: $53,452.70 Date: 12/31/2009
Perf: $53,207.95 Date: 11/30/2009
Perf: $52,344.27 Date: 10/31/2009
Perf: $52,602.02 Date: 9/30/2009
Perf: $55,306.50 Date: 8/31/2009
Perf: $53,143.56 Date: 7/31/2009
Perf: $53,453.59 Date: 6/30/2009
Perf: $52,757.20 Date: 5/31/2009
Perf: $52,562.72 Date: 4/30/2009
Perf: $55,959.45 Date: 3/31/2009
Perf: $54,177.03 Date: 2/28/2009
Perf: $55,617.52 Date: 1/31/2009
Perf: $55,296.80 Date: 12/31/2008
Perf: $55,613.80 Date: 11/30/2008
Perf: $56,472.18 Date: 10/31/2008
Perf: $57,783.87 Date: 9/30/2008
Perf: $59,466.78 Date: 8/31/2008
Perf: $55,550.47 Date: 7/31/2008
Perf: $56,858.21 Date: 6/30/2008
Perf: $54,930.16 Date: 5/31/2008
Perf: $54,684.09 Date: 4/30/2008
Perf: $58,876.06 Date: 3/31/2008
Perf: $60,646.95 Date: 2/29/2008
Perf: $58,800.61 Date: 1/31/2008
Perf: $54,841.09 Date: 12/31/2007
Perf: $48,169.60 Date: 11/30/2007
Perf: $44,829.78 Date: 10/31/2007
Perf: $45,374.27 Date: 9/30/2007
Perf: $41,070.12 Date: 8/31/2007
Perf: $37,828.24 Date: 7/31/2007
Perf: $37,302.28 Date: 6/30/2007
Perf: $45,149.21 Date: 5/31/2007
Perf: $40,179.06 Date: 4/30/2007
Perf: $40,215.26 Date: 3/31/2007
Perf: $41,635.01 Date: 2/28/2007
Perf: $45,132.80 Date: 1/31/2007
Perf: $43,780.00 Date: 12/31/2006
Perf: $46,191.18 Date: 11/30/2006
Perf: $44,672.32 Date: 10/31/2006
Perf: $38,909.78 Date: 9/30/2006
Perf: $37,648.56 Date: 8/31/2006
Perf: $38,179.25 Date: 7/31/2006
Perf: $41,176.93 Date: 6/30/2006
Perf: $42,129.04 Date: 5/31/2006
Perf: $44,765.75 Date: 4/30/2006
Perf: $44,622.95 Date: 3/31/2006
Perf: $44,681.04 Date: 2/28/2006
Perf: $40,264.07 Date: 1/31/2006
Perf: $39,798.43 Date: 12/31/2005
Perf: $36,023.20 Date: 11/30/2005
Perf: $35,872.53 Date: 10/31/2005
Perf: $34,878.49 Date: 9/30/2005
Perf: $32,520.74 Date: 8/31/2005
Perf: $30,892.70 Date: 7/31/2005
Perf: $34,075.33 Date: 6/30/2005
Perf: $33,325.51 Date: 5/31/2005
Perf: $32,810.39 Date: 4/30/2005
Perf: $30,816.55 Date: 3/31/2005
Perf: $30,493.32 Date: 2/28/2005
Perf: $29,553.52 Date: 1/31/2005
Perf: $29,301.53 Date: 12/31/2004
Perf: $29,543.79 Date: 11/30/2004
Perf: $28,495.17 Date: 10/31/2004
Perf: $25,039.69 Date: 9/30/2004
Perf: $23,936.23 Date: 8/31/2004
Perf: $22,731.46 Date: 7/31/2004
Perf: $20,430.94 Date: 6/30/2004
Perf: $21,004.36 Date: 5/31/2004
Perf: $21,716.66 Date: 4/30/2004
Perf: $21,634.45 Date: 3/31/2004
Perf: $19,307.86 Date: 2/29/2004
Perf: $15,726.85 Date: 1/31/2004
Perf: $16,054.36 Date: 12/31/2003
Perf: $15,279.68 Date: 11/30/2003
Perf: $17,927.59 Date: 10/31/2003
Perf: $19,704.97 Date: 9/30/2003
Perf: $15,032.78 Date: 8/31/2003
Perf: $13,143.99 Date: 7/31/2003
Perf: $10,099.11 Date: 6/30/2003
Perf: $5,179.30 Date: 5/31/2003
Perf: $4,754.70 Date: 4/30/2003
Perf: $5,037.29 Date: 3/31/2003
Perf: $5,369.10 Date: 2/28/2003
Perf: $6,039.49 Date: 1/31/2003
Perf: $5,439.02 Date: 12/31/2002
Perf: $6,228.84 Date: 11/30/2002
Perf: $7,880.61 Date: 10/31/2002
Perf: $4,926.92 Date: 9/30/2002
Perf: $4,305.25 Date: 8/31/2002
Perf: $3,926.71 Date: 7/31/2002
Perf: $3,468.52 Date: 6/30/2002
Perf: $2,805.34 Date: 5/31/2002
Perf: $3,005.50 Date: 4/30/2002
Perf: $2,703.03 Date: 3/31/2002
Perf: $2,610.62 Date: 2/28/2002
Perf: $2,835.16 Date: 1/31/2002
Perf: $2,637.61 Date: 12/31/2001
Perf: $2,782.58 Date: 11/30/2001
Perf: $3,110.07 Date: 10/31/2001
Perf: $2,950.45 Date: 9/30/2001
Perf: $2,094.45 Date: 8/31/2001
Perf: $1,589.71 Date: 7/31/2001
Perf: $1,762.24 Date: 6/30/2001
Perf: $1,773.05 Date: 5/31/2001
Perf: $1,914.12 Date: 4/30/2001
Perf: $1,774.14 Date: 3/31/2001
Perf: $1,774.32 Date: 2/28/2001
Perf: $1,793.87 Date: 1/31/2001
Perf: $1,638.09 Date: 12/31/2000
Perf: $1,744.51 Date: 11/30/2000
Perf: $1,167.60 Date: 10/31/2000
Perf: $1,082.21 Date: 9/30/2000
Perf: $1,049.77 Date: 8/31/2000
Perf: $747.75 Date: 7/31/2000
Perf: $1,138.66 Date: 6/30/2000
Perf: $1,086.40 Date: 5/31/2000
Perf: $915.56 Date: 4/30/2000
Perf: $913.00 Date: 3/31/2000
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 03/00 - 07/17
Date: 7/31/2017
Return: 0.73 % Date: 6/30/2017
Return: -0.98 % Date: 5/31/2017
Return: 1.82 % Date: 4/30/2017
Return: 0.25 % Date: 3/31/2017
Return: 0.82 % Date: 2/28/2017
Return: -0.56 % Date: 1/31/2017
Return: 0.42 % Date: 12/31/2016
Return: -1.83 % Date: 11/30/2016
Return: 0.14 % Date: 10/31/2016
Return: -1.68 % Date: 9/30/2016
Return: -1.21 % Date: 8/31/2016
Return: -0.37 % Date: 7/31/2016
Return: -0.92 % Date: 6/30/2016
Return: -3.54 % Date: 5/31/2016
Return: 2.43 % Date: 4/30/2016
Return: -3.28 % Date: 3/31/2016
Return: -0.06 % Date: 2/29/2016
Return: 0.82 % Date: 1/31/2016
Return: -0.86 % Date: 12/31/2015
Return: -0.97 % Date: 11/30/2015
Return: -0.91 % Date: 10/31/2015
Return: -0.31 % Date: 9/30/2015
Return: -1.60 % Date: 8/31/2015
Return: -2.99 % Date: 7/31/2015
Return: -1.99 % Date: 6/30/2015
Return: 4.17 % Date: 5/31/2015
Return: 2.10 % Date: 4/30/2015
Return: -1.07 % Date: 3/31/2015
Return: 1.46 % Date: 2/28/2015
Return: -2.54 % Date: 1/31/2015
Return: 1.60 % Date: 12/31/2014
Return: -1.11 % Date: 11/30/2014
Return: 0.08 % Date: 10/31/2014
Return: -9.16 % Date: 9/30/2014
Return: 6.06 % Date: 8/31/2014
Return: 1.75 % Date: 7/31/2014
Return: 9.08 % Date: 6/30/2014
Return: 0.13 % Date: 5/31/2014
Return: 3.22 % Date: 4/30/2014
Return: 0.81 % Date: 3/31/2014
Return: 2.33 % Date: 2/28/2014
Return: -5.67 % Date: 1/31/2014
Return: -2.77 % Date: 12/31/2013
Return: -0.50 % Date: 11/30/2013
Return: 0.22 % Date: 10/31/2013
Return: 0.34 % Date: 9/30/2013
Return: 0.54 % Date: 8/31/2013
Return: -4.03 % Date: 7/31/2013
Return: 1.88 % Date: 6/30/2013
Return: 1.26 % Date: 5/31/2013
Return: -2.19 % Date: 4/30/2013
Return: -0.58 % Date: 3/31/2013
Return: -0.41 % Date: 2/28/2013
Return: -1.67 % Date: 1/31/2013
Return: 2.26 % Date: 12/31/2012
Return: -3.63 % Date: 11/30/2012
Return: -0.87 % Date: 10/31/2012
Return: -0.05 % Date: 9/30/2012
Return: 0.81 % Date: 8/31/2012
Return: 0.25 % Date: 7/31/2012
Return: 5.07 % Date: 6/30/2012
Return: 10.93 % Date: 5/31/2012
Return: 1.03 % Date: 4/30/2012
Return: 0.16 % Date: 3/31/2012
Return: 2.38 % Date: 2/29/2012
Return: 0.99 % Date: 1/31/2012
Return: -1.28 % Date: 12/31/2011
Return: 2.38 % Date: 11/30/2011
Return: -2.71 % Date: 10/31/2011
Return: 3.27 % Date: 9/30/2011
Return: -2.45 % Date: 8/31/2011
Return: 1.88 % Date: 7/31/2011
Return: -2.63 % Date: 6/30/2011
Return: -4.06 % Date: 5/31/2011
Return: 3.05 % Date: 4/30/2011
Return: 5.02 % Date: 3/31/2011
Return: -3.60 % Date: 2/28/2011
Return: 5.10 % Date: 1/31/2011
Return: 1.28 % Date: 12/31/2010
Return: 0.65 % Date: 11/30/2010
Return: -4.34 % Date: 10/31/2010
Return: 15.74 % Date: 9/30/2010
Return: 4.81 % Date: 8/31/2010
Return: 3.98 % Date: 7/31/2010
Return: 0.22 % Date: 6/30/2010
Return: -2.39 % Date: 5/31/2010
Return: 2.19 % Date: 4/30/2010
Return: 0.59 % Date: 3/31/2010
Return: 3.01 % Date: 2/28/2010
Return: -0.41 % Date: 1/31/2010
Return: 0.46 % Date: 12/31/2009
Return: 1.65 % Date: 11/30/2009
Return: -0.49 % Date: 10/31/2009
Return: -4.89 % Date: 9/30/2009
Return: 4.07 % Date: 8/31/2009
Return: -0.58 % Date: 7/31/2009
Return: 1.32 % Date: 6/30/2009
Return: 0.37 % Date: 5/31/2009
Return: -6.07 % Date: 4/30/2009
Return: 3.29 % Date: 3/31/2009
Return: -2.59 % Date: 2/28/2009
Return: 0.58 % Date: 1/31/2009
Return: -0.57 % Date: 12/31/2008
Return: -1.52 % Date: 11/30/2008
Return: -2.27 % Date: 10/31/2008
Return: -2.83 % Date: 9/30/2008
Return: 7.05 % Date: 8/31/2008
Return: -2.30 % Date: 7/31/2008
Return: 3.51 % Date: 6/30/2008
Return: 0.45 % Date: 5/31/2008
Return: -7.12 % Date: 4/30/2008
Return: -2.92 % Date: 3/31/2008
Return: 3.14 % Date: 2/29/2008
Return: 7.22 % Date: 1/31/2008
Return: 13.85 % Date: 12/31/2007
Return: 7.45 % Date: 11/30/2007
Return: -1.20 % Date: 10/31/2007
Return: 10.48 % Date: 9/30/2007
Return: 8.57 % Date: 8/31/2007
Return: 1.41 % Date: 7/31/2007
Return: -17.38 % Date: 6/30/2007
Return: 12.37 % Date: 5/31/2007
Return: -0.09 % Date: 4/30/2007
Return: -3.41 % Date: 3/31/2007
Return: -7.75 % Date: 2/28/2007
Return: 3.09 % Date: 1/31/2007
Return: -5.22 % Date: 12/31/2006
Return: 3.40 % Date: 11/30/2006
Return: 14.81 % Date: 10/31/2006
Return: 3.35 % Date: 9/30/2006
Return: -1.39 % Date: 8/31/2006
Return: -7.28 % Date: 7/31/2006
Return: -2.26 % Date: 6/30/2006
Return: -5.89 % Date: 5/31/2006
Return: 0.32 % Date: 4/30/2006
Return: -0.13 % Date: 3/31/2006
Return: 10.97 % Date: 2/28/2006
Return: 1.17 % Date: 1/31/2006
Return: 10.48 % Date: 12/31/2005
Return: 0.42 % Date: 11/30/2005
Return: 2.85 % Date: 10/31/2005
Return: 7.25 % Date: 9/30/2005
Return: 5.27 % Date: 8/31/2005
Return: -9.34 % Date: 7/31/2005
Return: 2.25 % Date: 6/30/2005
Return: 1.57 % Date: 5/31/2005
Return: 6.47 % Date: 4/30/2005
Return: 1.06 % Date: 3/31/2005
Return: 3.18 % Date: 2/28/2005
Return: 0.86 % Date: 1/31/2005
Return: -0.82 % Date: 12/31/2004
Return: 3.68 % Date: 11/30/2004
Return: 13.80 % Date: 10/31/2004
Return: 4.61 % Date: 9/30/2004
Return: 5.30 % Date: 8/31/2004
Return: 11.26 % Date: 7/31/2004
Return: -2.73 % Date: 6/30/2004
Return: -3.28 % Date: 5/31/2004
Return: 0.38 % Date: 4/30/2004
Return: 12.05 % Date: 3/31/2004
Return: 22.77 % Date: 2/29/2004
Return: -2.04 % Date: 1/31/2004
Return: 5.07 % Date: 12/31/2003
Return: -14.77 % Date: 11/30/2003
Return: -9.02 % Date: 10/31/2003
Return: 31.08 % Date: 9/30/2003
Return: 14.37 % Date: 8/31/2003
Return: 30.15 % Date: 7/31/2003
Return: 94.99 % Date: 6/30/2003
Return: 8.93 % Date: 5/31/2003
Return: -5.61 % Date: 4/30/2003
Return: -6.18 % Date: 3/31/2003
Return: -11.10 % Date: 2/28/2003
Return: 11.04 % Date: 1/31/2003
Return: -12.68 % Date: 12/31/2002
Return: -20.96 % Date: 11/30/2002
Return: 59.95 % Date: 10/31/2002
Return: 14.44 % Date: 9/30/2002
Return: 9.64 % Date: 8/31/2002
Return: 13.21 % Date: 7/31/2002
Return: 23.64 % Date: 6/30/2002
Return: -6.66 % Date: 5/31/2002
Return: 11.19 % Date: 4/30/2002
Return: 3.54 % Date: 3/31/2002
Return: -7.92 % Date: 2/28/2002
Return: 7.49 % Date: 1/31/2002
Return: -5.21 % Date: 12/31/2001
Return: -10.53 % Date: 11/30/2001
Return: 5.41 % Date: 10/31/2001
Return: 40.87 % Date: 9/30/2001
Return: 31.75 % Date: 8/31/2001
Return: -9.79 % Date: 7/31/2001
Return: -0.61 % Date: 6/30/2001
Return: -7.37 % Date: 5/31/2001
Return: 7.89 % Date: 4/30/2001
Return: -0.01 % Date: 3/31/2001
Return: -1.09 % Date: 2/28/2001
Return: 9.51 % Date: 1/31/2001
Return: -6.10 % Date: 12/31/2000
Return: 49.41 % Date: 11/30/2000
Return: 7.89 % Date: 10/31/2000
Return: 3.09 % Date: 9/30/2000
Return: 40.39 % Date: 8/31/2000
Return: -34.33 % Date: 7/31/2000
Return: 4.81 % Date: 6/30/2000
Return: 18.66 % Date: 5/31/2000
Return: 0.28 % Date: 4/30/2000
Return: -8.70 % Date: 3/31/2000
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 03/00 - 07/17
Return: -4.00 %
Count: 6 Return: 16.00 %
Count: 1 Return: -17.00 %
Count: 1 Return: 15.00 %
Count: 1 Return: 2.00 %
Count: 15 Return: 6.00 %
Count: 2 Return: 1.00 %
Count: 19 Return: -3.00 %
Count: 12 Return: 12.00 %
Count: 2 Return: 23.00 %
Count: 1 Return: -2.00 %
Count: 13 Return: -15.00 %
Count: 1 Return: 31.00 %
Count: 1 Return: 30.00 %
Count: 1 Return: 95.00 %
Count: 1 Return: 9.00 %
Count: 3 Return: -13.00 %
Count: 1 Return: -21.00 %
Count: 1 Return: 60.00 %
Count: 1 Return: 14.00 %
Count: 4 Return: 13.00 %
Count: 1 Return: 24.00 %
Count: 1 Return: 11.00 %
Count: 5 Return: 4.00 %
Count: 6 Return: -8.00 %
Count: 2 Return: 7.00 %
Count: 5 Return: -5.00 %
Count: 3 Return: -11.00 %
Count: 2 Return: 41.00 %
Count: 1 Return: 32.00 %
Count: 1 Return: -10.00 %
Count: 1 Return: -7.00 %
Count: 4 Return: -1.00 %
Count: 19 Return: 10.00 %
Count: 4 Return: -6.00 %
Count: 6 Return: 49.00 %
Count: 1 Return: 8.00 %
Count: 2 Return: 3.00 %
Count: 12 Return: 40.00 %
Count: 1 Return: -34.00 %
Count: 1 Return: 5.00 %
Count: 10 Return: 19.00 %
Count: 1 Return: -9.00 %
Count: 4 Return: 0.00 %
Count: 29
Note: All performance data is since program inception.

Underwater Curve
Date Range: 03/00 - 07/17
Date: 7/31/2017
Drawdown: -19.78 % Date: 6/30/2017
Drawdown: -20.36 % Date: 5/31/2017
Drawdown: -19.57 % Date: 4/30/2017
Drawdown: -21.01 % Date: 3/31/2017
Drawdown: -21.21 % Date: 2/28/2017
Drawdown: -21.85 % Date: 1/31/2017
Drawdown: -21.41 % Date: 12/31/2016
Drawdown: -21.74 % Date: 11/30/2016
Drawdown: -20.28 % Date: 10/31/2016
Drawdown: -20.39 % Date: 9/30/2016
Drawdown: -19.03 % Date: 8/31/2016
Drawdown: -18.04 % Date: 7/31/2016
Drawdown: -17.73 % Date: 6/30/2016
Drawdown: -16.97 % Date: 5/31/2016
Drawdown: -13.92 % Date: 4/30/2016
Drawdown: -15.96 % Date: 3/31/2016
Drawdown: -13.11 % Date: 2/29/2016
Drawdown: -13.06 % Date: 1/31/2016
Drawdown: -13.77 % Date: 12/31/2015
Drawdown: -13.02 % Date: 11/30/2015
Drawdown: -12.17 % Date: 10/31/2015
Drawdown: -11.36 % Date: 9/30/2015
Drawdown: -11.09 % Date: 8/31/2015
Drawdown: -9.64 % Date: 7/31/2015
Drawdown: -6.86 % Date: 6/30/2015
Drawdown: -4.96 % Date: 5/31/2015
Drawdown: -8.77 % Date: 4/30/2015
Drawdown: -10.64 % Date: 3/31/2015
Drawdown: -9.68 % Date: 2/28/2015
Drawdown: -10.98 % Date: 1/31/2015
Drawdown: -8.66 % Date: 12/31/2014
Drawdown: -10.10 % Date: 11/30/2014
Drawdown: -9.09 % Date: 10/31/2014
Drawdown: -9.16 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -1.22 % Date: 6/30/2014
Drawdown: -9.44 % Date: 5/31/2014
Drawdown: -9.56 % Date: 4/30/2014
Drawdown: -12.38 % Date: 3/31/2014
Drawdown: -13.08 % Date: 2/28/2014
Drawdown: -15.06 % Date: 1/31/2014
Drawdown: -9.96 % Date: 12/31/2013
Drawdown: -7.39 % Date: 11/30/2013
Drawdown: -6.93 % Date: 10/31/2013
Drawdown: -7.13 % Date: 9/30/2013
Drawdown: -7.45 % Date: 8/31/2013
Drawdown: -7.94 % Date: 7/31/2013
Drawdown: -4.08 % Date: 6/30/2013
Drawdown: -5.85 % Date: 5/31/2013
Drawdown: -7.02 % Date: 4/30/2013
Drawdown: -4.94 % Date: 3/31/2013
Drawdown: -4.38 % Date: 2/28/2013
Drawdown: -3.99 % Date: 1/31/2013
Drawdown: -2.36 % Date: 12/31/2012
Drawdown: -4.52 % Date: 11/30/2012
Drawdown: -0.92 % Date: 10/31/2012
Drawdown: -0.05 % Date: 9/30/2012
Drawdown: 0.00 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: -1.36 % Date: 4/30/2012
Drawdown: -2.37 % Date: 3/31/2012
Drawdown: -2.52 % Date: 2/29/2012
Drawdown: -4.79 % Date: 1/31/2012
Drawdown: -5.72 % Date: 12/31/2011
Drawdown: -4.50 % Date: 11/30/2011
Drawdown: -6.72 % Date: 10/31/2011
Drawdown: -4.12 % Date: 9/30/2011
Drawdown: -7.16 % Date: 8/31/2011
Drawdown: -4.83 % Date: 7/31/2011
Drawdown: -6.58 % Date: 6/30/2011
Drawdown: -4.06 % Date: 5/31/2011
Drawdown: 0.00 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -3.60 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -2.49 % Date: 12/31/2010
Drawdown: -3.72 % Date: 11/30/2010
Drawdown: -4.34 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -0.91 % Date: 8/31/2010
Drawdown: -5.46 % Date: 7/31/2010
Drawdown: -9.08 % Date: 6/30/2010
Drawdown: -9.28 % Date: 5/31/2010
Drawdown: -7.06 % Date: 4/30/2010
Drawdown: -9.05 % Date: 3/31/2010
Drawdown: -9.58 % Date: 2/28/2010
Drawdown: -12.22 % Date: 1/31/2010
Drawdown: -11.86 % Date: 12/31/2009
Drawdown: -12.27 % Date: 11/30/2009
Drawdown: -13.69 % Date: 10/31/2009
Drawdown: -13.27 % Date: 9/30/2009
Drawdown: -8.81 % Date: 8/31/2009
Drawdown: -12.37 % Date: 7/31/2009
Drawdown: -11.86 % Date: 6/30/2009
Drawdown: -13.01 % Date: 5/31/2009
Drawdown: -13.33 % Date: 4/30/2009
Drawdown: -7.73 % Date: 3/31/2009
Drawdown: -10.67 % Date: 2/28/2009
Drawdown: -8.29 % Date: 1/31/2009
Drawdown: -8.82 % Date: 12/31/2008
Drawdown: -8.30 % Date: 11/30/2008
Drawdown: -6.88 % Date: 10/31/2008
Drawdown: -4.72 % Date: 9/30/2008
Drawdown: -1.95 % Date: 8/31/2008
Drawdown: -8.40 % Date: 7/31/2008
Drawdown: -6.25 % Date: 6/30/2008
Drawdown: -9.43 % Date: 5/31/2008
Drawdown: -9.83 % Date: 4/30/2008
Drawdown: -2.92 % Date: 3/31/2008
Drawdown: 0.00 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: -2.95 % Date: 10/31/2007
Drawdown: -1.77 % Date: 9/30/2007
Drawdown: -11.09 % Date: 8/31/2007
Drawdown: -18.11 % Date: 7/31/2007
Drawdown: -19.24 % Date: 6/30/2007
Drawdown: -2.26 % Date: 5/31/2007
Drawdown: -13.02 % Date: 4/30/2007
Drawdown: -12.94 % Date: 3/31/2007
Drawdown: -9.86 % Date: 2/28/2007
Drawdown: -2.29 % Date: 1/31/2007
Drawdown: -5.22 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: -0.21 % Date: 10/31/2006
Drawdown: -13.08 % Date: 9/30/2006
Drawdown: -15.90 % Date: 8/31/2006
Drawdown: -14.71 % Date: 7/31/2006
Drawdown: -8.02 % Date: 6/30/2006
Drawdown: -5.89 % Date: 5/31/2006
Drawdown: 0.00 % Date: 4/30/2006
Drawdown: -0.13 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: 0.00 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: 0.00 % Date: 11/30/2005
Drawdown: 0.00 % Date: 10/31/2005
Drawdown: 0.00 % Date: 9/30/2005
Drawdown: -4.56 % Date: 8/31/2005
Drawdown: -9.34 % Date: 7/31/2005
Drawdown: 0.00 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: 0.00 % Date: 4/30/2005
Drawdown: 0.00 % Date: 3/31/2005
Drawdown: 0.00 % Date: 2/28/2005
Drawdown: 0.00 % Date: 1/31/2005
Drawdown: -0.82 % Date: 12/31/2004
Drawdown: 0.00 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: 0.00 % Date: 9/30/2004
Drawdown: 0.00 % Date: 8/31/2004
Drawdown: 0.00 % Date: 7/31/2004
Drawdown: -5.92 % Date: 6/30/2004
Drawdown: -3.28 % Date: 5/31/2004
Drawdown: 0.00 % Date: 4/30/2004
Drawdown: 0.00 % Date: 3/31/2004
Drawdown: -2.02 % Date: 2/29/2004
Drawdown: -20.19 % Date: 1/31/2004
Drawdown: -18.53 % Date: 12/31/2003
Drawdown: -22.46 % Date: 11/30/2003
Drawdown: -9.02 % Date: 10/31/2003
Drawdown: 0.00 % Date: 9/30/2003
Drawdown: 0.00 % Date: 8/31/2003
Drawdown: 0.00 % Date: 7/31/2003
Drawdown: 0.00 % Date: 6/30/2003
Drawdown: -34.28 % Date: 5/31/2003
Drawdown: -39.67 % Date: 4/30/2003
Drawdown: -36.08 % Date: 3/31/2003
Drawdown: -31.87 % Date: 2/28/2003
Drawdown: -23.36 % Date: 1/31/2003
Drawdown: -30.98 % Date: 12/31/2002
Drawdown: -20.96 % Date: 11/30/2002
Drawdown: 0.00 % Date: 10/31/2002
Drawdown: 0.00 % 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: -9.80 % Date: 5/31/2002
Drawdown: -3.36 % Date: 4/30/2002
Drawdown: -13.09 % Date: 3/31/2002
Drawdown: -16.06 % Date: 2/28/2002
Drawdown: -8.84 % Date: 1/31/2002
Drawdown: -15.19 % Date: 12/31/2001
Drawdown: -10.53 % Date: 11/30/2001
Drawdown: 0.00 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: -16.95 % Date: 7/31/2001
Drawdown: -7.94 % Date: 6/30/2001
Drawdown: -7.37 % Date: 5/31/2001
Drawdown: 0.00 % Date: 4/30/2001
Drawdown: -1.10 % Date: 3/31/2001
Drawdown: -1.09 % Date: 2/28/2001
Drawdown: 0.00 % Date: 1/31/2001
Drawdown: -6.10 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: 0.00 % Date: 10/31/2000
Drawdown: -4.96 % Date: 9/30/2000
Drawdown: -7.81 % Date: 8/31/2000
Drawdown: -34.33 % Date: 7/31/2000
Drawdown: 0.00 % Date: 6/30/2000
Drawdown: 0.00 % Date: 5/31/2000
Drawdown: -8.44 % Date: 4/30/2000
Drawdown: -8.70 %
Note: All performance data is since program inception.
Notes to Performance

The performance from April 2000 is that of the Advisor’s “Rosetta Trading Program” (the Trading Program). Performance from April 2000 through August 2004 is that of a single account traded by the Advisor, and a composite of accounts traded thereafter. This initial account employed a much higher amount of leverage than the Trading Program would presently employ. Additionally, from April 2000 through the majority of 2003, the Trading Program traded contracts on an outright/directional basis which added significant volatility to the portfolio. The Advisor augmented the strategy and implemented more spreads trading in meats in particular as opposed to directional bets, in response to markets events and volatility. Consequently, from 2003 on, the program has been largely focused on spread trading in the meats, while still generally trading in a directional manner in the grains markets. While the Advisor always has discretion within its trading program, these factors may have a material impact on performance, and a new investor into the Trading Program may not experience the same return on investment as achieved during the earlier period of the Trading Program.

Returns prior to April 2000 are not shown. From its inception in May 1997 through January 1998, the Advisor did not manage accounts. From February 1998 through June 1999, the Advisor managed one customer account through the collective efforts of its three principals at the time (Mr. Green, Mr. Swinford and Craig Mahlstedt, a third founding principal). The account closed profitably in 1998 (at an annual rate of return of 40.05%) but lost all of its value in 1999. The performance of this account is not shown because, in the Advisor’s opinion, the Advisor’s trading strategy following Mr. Mahlstedt’s departure was materially different from the strategy in place during the period in which this account was managed. From July 1999 through March 2000, the Advisor did not manage customer accounts.

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 returns shown are net of all fees and expenses and assume a 2% management fee and 20% incentive fee.

Manager Information
Manager Name:  Rosetta Capital Management LLC
Address: 190 South LaSalle Suite 3000
City: Chicago
State: IL
Zip: 60603
Country: USA
Key People
Name:  James Green
Position:  Principal
Biography: 

Jim Green is a founding principal of RCM. Along with his partner Michael Swinford, Mr. Green is responsible to manage all aspects of RCM’s operations and trading decisions. Mr. Green and Mr. Swinford registered RCM in May 1997 with themselves as associated persons and principals of RCM. Mr. Green’s agricultural experience began during his childhood on a grain and livestock farm in Henderson County in Western Illinois. He attended Western Illinois University in Macomb, Illinois, where he earned a bachelor’s degree in Finance with a minor in Economics. Mr. Green supported himself through college by working for DeKalb Ag Research. Upon graduation, he entered the management training program and was quickly promoted to District Sales Manager. In 1979, Mr. Green entered the Management Trainee Program at Heinold Commodities. After completion of the program he was appointed Regional Sales Manager of Heinold’s Central Region. He served in this position until 1985, when he accepted a position as National Sales Manager of Merchants Trading. At Merchants, he diversified his pursuits by establishing a retail business as well as expanding the firm’s local and introducing broker business. In 1988, Mr. Green joined Balfour Maclaine as Senior Vice-President and returned its troubled Chicago operations to profitability. In December 1990, Mr. Green and Mr. Swinford, along with a group of colleagues, left Balfour Maclaine and founded the Ceres Trading Division (previously the Livestock Division) of Rosenthal Collins Group, a Chicago based Futures commission merchant. In February 1991, Ceres Trading Division of Rosenthal Collins Group registered as a branch office of RCG with Mr. Green as its manager and associated person. In addition to his responsibilities with the Advisor, Mr. Green is the manager of the Ceres Trading Division. By virtue of this affiliation, he may experience certain financial benefits with respect to clients of the Advisor who elect to use RCG as their FCM.


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.