Altegris Clearing Solutions Conquest Capital Group LLC Managed Futures Select Program *QEP*
Monthly Performance (%)
Date Range: 05/04 - 07/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -4.70 -0.25 -2.33 0.13 0.38 -1.33 1.45 -6.59
2016 10.01 5.04 -6.19 0.64 -5.75 1.40 0.96 -4.27 -5.71 0.90 2.68 1.40 -0.18
2015 6.97 -1.78 4.35 -4.86 -1.15 -5.39 0.64 0.97 4.00 -7.33 3.36 -1.04 -2.28
2014 -4.56 -0.55 -5.41 -2.40 0.82 2.86 0.82 2.31 7.69 0.26 7.54 6.30 15.69
2013 4.97 -2.94 0.61 0.95 2.56 -1.22 -3.57 -1.75 -2.06 0.17 2.81 1.99 2.17
2012 -2.44 1.55 -2.60 -2.70 12.56 -9.27 1.72 -1.03 -0.91 -5.39 -1.80 3.34 -8.16
2011 -0.93 1.72 -4.03 4.15 -5.87 -4.11 1.32 5.30 6.71 -11.53 -1.01 -0.44 -9.75
2010 0.00 -0.58 -0.95 -2.07 4.96 1.00 -4.41 5.96 -1.26 3.29 -4.61 4.98 5.76
2009 -2.30 -2.10 -3.03 -4.33 4.97 -1.90 0.81 -1.24 -0.13 -1.50 1.43 -4.29 -13.12
2008 4.86 7.31 -2.07 -2.71 3.62 4.75 -9.28 3.08 -0.55 24.86 8.36 3.78 51.96
2007 0.32 -3.65 -2.51 2.73 2.55 3.52 -0.05 -3.83 4.92 3.85 0.52 -0.30 7.87
2006 2.20 -3.16 2.76 10.36 0.74 -4.08 -1.48 1.12 -2.08 1.25 2.17 1.36 10.94
2005 -4.88 2.88 -0.86 -2.06 0.59 1.93 -2.17 3.18 -0.18 -2.85 3.38 -0.75 -2.15
2004 -4.10 -0.93 -1.66 3.01 1.86 5.80 -0.58 3.12
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Conquest Managed Futures Select (MFS) is designed to provide institutional investors with a transparent and non-optimized exposure to the managed futures sector. Long-Term Trend-Followers, which account for roughly 90% of the managed futures space, tend to generate extremely correlated and nearly commoditized return streams which are only marginally different from the most simple and therefore robust breakout models. Conquest MFS is designed to replicate exposure to this commoditized trend following on multiple time frames, ranging from 5 to 200 days. It consists of 20 breakout strategies using Conquest Macro's volatility related risk management methodologies.

Performance Statistics
Date Range: 05/04 - 07/17
  Program SP500 TR Altegris 40
Total Return 50.48% 193.96% 42.54%
Annualized Return 3.15% 8.48% 2.71%
Annualized Std. Deviation 14.99% 13.62% 8.95%
Correlation -0.37 0.69
Sharpe Ratio (rf=2.5%) 0.04 0.44 0.02
Worst Month -11.53% -16.79% -5.20%
Date of Worst Month 10/2011 10/2008 06/2015
Worst Drawdown -31.82% -50.95% -15.74%
Date of Worst Drawdown 12/08 - 4/14 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 05/04 - 07/17
Year or YTD Program SP500 TR Altegris 40
2017 -6.59 11.60 -3.53
2016 -0.18 11.98 -3.13
2015 -2.28 1.41 0.09
2014 15.69 13.69 15.75
2013 2.17 32.41 -2.45
2012 -8.16 15.98 -4.75
2011 -9.75 2.12 -3.23
2010 5.76 15.06 11.33
2009 -13.12 26.45 -7.98
2008 51.96 -36.99 15.47
2007 7.87 5.50 7.18
2006 10.94 15.79 6.70
2005 -2.15 4.89 4.51
2004 3.12 9.27 5.24
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 05/04 - 07/17
Date: 7/31/2017
Perf: $1,448.47 Date: 6/30/2017
Perf: $1,442.84 Date: 5/31/2017
Perf: $1,486.24 Date: 4/30/2017
Perf: $1,483.42 Date: 3/31/2017
Perf: $1,492.38 Date: 2/28/2017
Perf: $1,514.49 Date: 1/31/2017
Perf: $1,482.18 Date: 12/31/2016
Perf: $1,501.55 Date: 11/30/2016
Perf: $1,490.22 Date: 10/31/2016
Perf: $1,506.80 Date: 9/30/2016
Perf: $1,546.70 Date: 8/31/2016
Perf: $1,566.91 Date: 7/31/2016
Perf: $1,610.23 Date: 6/30/2016
Perf: $1,593.97 Date: 5/31/2016
Perf: $1,528.99 Date: 4/30/2016
Perf: $1,556.22 Date: 3/31/2016
Perf: $1,596.29 Date: 2/29/2016
Perf: $1,643.46 Date: 1/31/2016
Perf: $1,604.00 Date: 12/31/2015
Perf: $1,550.06 Date: 11/30/2015
Perf: $1,586.55 Date: 10/31/2015
Perf: $1,534.23 Date: 9/30/2015
Perf: $1,561.40 Date: 8/31/2015
Perf: $1,528.24 Date: 7/31/2015
Perf: $1,555.14 Date: 6/30/2015
Perf: $1,496.62 Date: 5/31/2015
Perf: $1,578.72 Date: 4/30/2015
Perf: $1,590.16 Date: 3/31/2015
Perf: $1,654.01 Date: 2/28/2015
Perf: $1,618.25 Date: 1/31/2015
Perf: $1,620.84 Date: 12/31/2014
Perf: $1,548.67 Date: 11/30/2014
Perf: $1,521.89 Date: 10/31/2014
Perf: $1,436.42 Date: 9/30/2014
Perf: $1,415.61 Date: 8/31/2014
Perf: $1,394.83 Date: 7/31/2014
Perf: $1,338.22 Date: 6/30/2014
Perf: $1,349.01 Date: 5/31/2014
Perf: $1,337.51 Date: 4/30/2014
Perf: $1,304.12 Date: 3/31/2014
Perf: $1,294.29 Date: 2/28/2014
Perf: $1,313.73 Date: 1/31/2014
Perf: $1,303.05 Date: 12/31/2013
Perf: $1,337.97 Date: 11/30/2013
Perf: $1,339.84 Date: 10/31/2013
Perf: $1,316.02 Date: 9/30/2013
Perf: $1,286.56 Date: 8/31/2013
Perf: $1,294.33 Date: 7/31/2013
Perf: $1,319.66 Date: 6/30/2013
Perf: $1,331.25 Date: 5/31/2013
Perf: $1,383.69 Date: 4/30/2013
Perf: $1,445.86 Date: 3/31/2013
Perf: $1,409.49 Date: 2/28/2013
Perf: $1,389.49 Date: 1/31/2013
Perf: $1,397.59 Date: 12/31/2012
Perf: $1,371.53 Date: 11/30/2012
Perf: $1,364.84 Date: 10/31/2012
Perf: $1,361.03 Date: 9/30/2012
Perf: $1,412.15 Date: 8/31/2012
Perf: $1,435.85 Date: 7/31/2012
Perf: $1,455.64 Date: 6/30/2012
Perf: $1,398.45 Date: 5/31/2012
Perf: $1,453.08 Date: 4/30/2012
Perf: $1,425.99 Date: 3/31/2012
Perf: $1,417.48 Date: 2/29/2012
Perf: $1,450.41 Date: 1/31/2012
Perf: $1,444.48 Date: 12/31/2011
Perf: $1,439.88 Date: 11/30/2011
Perf: $1,426.19 Date: 10/31/2011
Perf: $1,421.92 Date: 9/30/2011
Perf: $1,480.55 Date: 8/31/2011
Perf: $1,481.44 Date: 7/31/2011
Perf: $1,484.41 Date: 6/30/2011
Perf: $1,432.96 Date: 5/31/2011
Perf: $1,471.22 Date: 4/30/2011
Perf: $1,526.95 Date: 3/31/2011
Perf: $1,469.63 Date: 2/28/2011
Perf: $1,492.47 Date: 1/31/2011
Perf: $1,467.52 Date: 12/31/2010
Perf: $1,487.90 Date: 11/30/2010
Perf: $1,426.70 Date: 10/31/2010
Perf: $1,479.06 Date: 9/30/2010
Perf: $1,423.81 Date: 8/31/2010
Perf: $1,398.36 Date: 7/31/2010
Perf: $1,342.77 Date: 6/30/2010
Perf: $1,360.32 Date: 5/31/2010
Perf: $1,355.17 Date: 4/30/2010
Perf: $1,388.78 Date: 3/31/2010
Perf: $1,367.72 Date: 2/28/2010
Perf: $1,315.49 Date: 1/31/2010
Perf: $1,303.24 Date: 12/31/2009
Perf: $1,336.52 Date: 11/30/2009
Perf: $1,392.21 Date: 10/31/2009
Perf: $1,338.28 Date: 9/30/2009
Perf: $1,373.44 Date: 8/31/2009
Perf: $1,341.51 Date: 7/31/2009
Perf: $1,337.10 Date: 6/30/2009
Perf: $1,338.57 Date: 5/31/2009
Perf: $1,375.15 Date: 4/30/2009
Perf: $1,356.43 Date: 3/31/2009
Perf: $1,402.28 Date: 2/28/2009
Perf: $1,442.23 Date: 1/31/2009
Perf: $1,442.95 Date: 12/31/2008
Perf: $1,452.40 Date: 11/30/2008
Perf: $1,416.00 Date: 10/31/2008
Perf: $1,365.88 Date: 9/30/2008
Perf: $1,298.98 Date: 8/31/2008
Perf: $1,296.26 Date: 7/31/2008
Perf: $1,331.82 Date: 6/30/2008
Perf: $1,395.89 Date: 5/31/2008
Perf: $1,359.59 Date: 4/30/2008
Perf: $1,332.14 Date: 3/31/2008
Perf: $1,347.64 Date: 2/29/2008
Perf: $1,353.60 Date: 1/31/2008
Perf: $1,280.72 Date: 12/31/2007
Perf: $1,257.83 Date: 11/30/2007
Perf: $1,260.73 Date: 10/31/2007
Perf: $1,268.98 Date: 9/30/2007
Perf: $1,216.55 Date: 8/31/2007
Perf: $1,162.27 Date: 7/31/2007
Perf: $1,207.30 Date: 6/30/2007
Perf: $1,245.80 Date: 5/31/2007
Perf: $1,210.80 Date: 4/30/2007
Perf: $1,169.07 Date: 3/31/2007
Perf: $1,121.95 Date: 2/28/2007
Perf: $1,148.83 Date: 1/31/2007
Perf: $1,193.59 Date: 12/31/2006
Perf: $1,173.52 Date: 11/30/2006
Perf: $1,135.15 Date: 10/31/2006
Perf: $1,108.01 Date: 9/30/2006
Perf: $1,095.95 Date: 8/31/2006
Perf: $1,107.69 Date: 7/31/2006
Perf: $1,095.42 Date: 6/30/2006
Perf: $1,111.88 Date: 5/31/2006
Perf: $1,127.33 Date: 4/30/2006
Perf: $1,158.01 Date: 3/31/2006
Perf: $1,130.43 Date: 2/28/2006
Perf: $1,100.93 Date: 1/31/2006
Perf: $1,120.88 Date: 12/31/2005
Perf: $1,099.87 Date: 11/30/2005
Perf: $1,120.14 Date: 10/31/2005
Perf: $1,074.07 Date: 9/30/2005
Perf: $1,072.35 Date: 8/31/2005
Perf: $1,056.09 Date: 7/31/2005
Perf: $1,050.41 Date: 6/30/2005
Perf: $1,049.78 Date: 5/31/2005
Perf: $1,015.17 Date: 4/30/2005
Perf: $984.74 Date: 3/31/2005
Perf: $1,009.47 Date: 2/28/2005
Perf: $1,015.16 Date: 1/31/2005
Perf: $1,008.20 Date: 12/31/2004
Perf: $1,052.40 Date: 11/30/2004
Perf: $1,048.94 Date: 10/31/2004
Perf: $995.10 Date: 9/30/2004
Perf: $962.20 Date: 8/31/2004
Perf: $949.38 Date: 7/31/2004
Perf: $955.98 Date: 6/30/2004
Perf: $967.00 Date: 5/31/2004
Perf: $1,000.00 Date: 7/31/2017
Perf: $2,899.89 Date: 6/30/2017
Perf: $2,841.36 Date: 5/31/2017
Perf: $2,823.85 Date: 4/30/2017
Perf: $2,784.59 Date: 3/31/2017
Perf: $2,756.20 Date: 2/28/2017
Perf: $2,752.90 Date: 1/31/2017
Perf: $2,647.78 Date: 12/31/2016
Perf: $2,598.41 Date: 11/30/2016
Perf: $2,547.96 Date: 10/31/2016
Perf: $2,457.05 Date: 9/30/2016
Perf: $2,502.60 Date: 8/31/2016
Perf: $2,502.10 Date: 7/31/2016
Perf: $2,498.60 Date: 6/30/2016
Perf: $2,409.68 Date: 5/31/2016
Perf: $2,403.43 Date: 4/30/2016
Perf: $2,360.94 Date: 3/31/2016
Perf: $2,351.76 Date: 2/29/2016
Perf: $2,202.44 Date: 1/31/2016
Perf: $2,205.31 Date: 12/31/2015
Perf: $2,320.40 Date: 11/30/2015
Perf: $2,357.65 Date: 10/31/2015
Perf: $2,350.60 Date: 9/30/2015
Perf: $2,167.65 Date: 8/31/2015
Perf: $2,222.54 Date: 7/31/2015
Perf: $2,365.16 Date: 6/30/2015
Perf: $2,316.52 Date: 5/31/2015
Perf: $2,362.35 Date: 4/30/2015
Perf: $2,332.26 Date: 3/31/2015
Perf: $2,310.08 Date: 2/28/2015
Perf: $2,347.17 Date: 1/31/2015
Perf: $2,219.54 Date: 12/31/2014
Perf: $2,288.19 Date: 11/30/2014
Perf: $2,293.93 Date: 10/31/2014
Perf: $2,233.84 Date: 9/30/2014
Perf: $2,180.63 Date: 8/31/2014
Perf: $2,211.59 Date: 7/31/2014
Perf: $2,126.53 Date: 6/30/2014
Perf: $2,156.29 Date: 5/31/2014
Perf: $2,112.56 Date: 4/30/2014
Perf: $2,064.05 Date: 3/31/2014
Perf: $2,048.89 Date: 2/28/2014
Perf: $2,031.82 Date: 1/31/2014
Perf: $1,943.03 Date: 12/31/2013
Perf: $2,012.66 Date: 11/30/2013
Perf: $1,963.00 Date: 10/31/2013
Perf: $1,904.90 Date: 9/30/2013
Perf: $1,821.13 Date: 8/31/2013
Perf: $1,765.69 Date: 7/31/2013
Perf: $1,818.42 Date: 6/30/2013
Perf: $1,730.35 Date: 5/31/2013
Perf: $1,753.85 Date: 4/30/2013
Perf: $1,713.75 Date: 3/31/2013
Perf: $1,681.30 Date: 2/28/2013
Perf: $1,620.53 Date: 1/31/2013
Perf: $1,598.78 Date: 12/31/2012
Perf: $1,520.04 Date: 11/30/2012
Perf: $1,506.34 Date: 10/31/2012
Perf: $1,497.65 Date: 9/30/2012
Perf: $1,525.88 Date: 8/31/2012
Perf: $1,487.50 Date: 7/31/2012
Perf: $1,454.77 Date: 6/30/2012
Perf: $1,434.83 Date: 5/31/2012
Perf: $1,378.05 Date: 4/30/2012
Perf: $1,466.17 Date: 3/31/2012
Perf: $1,475.46 Date: 2/29/2012
Perf: $1,428.47 Date: 1/31/2012
Perf: $1,369.31 Date: 12/31/2011
Perf: $1,310.60 Date: 11/30/2011
Perf: $1,297.36 Date: 10/31/2011
Perf: $1,300.22 Date: 9/30/2011
Perf: $1,172.11 Date: 8/31/2011
Perf: $1,260.74 Date: 7/31/2011
Perf: $1,333.13 Date: 6/30/2011
Perf: $1,360.75 Date: 5/31/2011
Perf: $1,383.86 Date: 4/30/2011
Perf: $1,399.68 Date: 3/31/2011
Perf: $1,359.44 Date: 2/28/2011
Perf: $1,358.90 Date: 1/31/2011
Perf: $1,313.83 Date: 12/31/2010
Perf: $1,283.42 Date: 11/30/2010
Perf: $1,203.05 Date: 10/31/2010
Perf: $1,202.93 Date: 9/30/2010
Perf: $1,158.78 Date: 8/31/2010
Perf: $1,063.88 Date: 7/31/2010
Perf: $1,114.13 Date: 6/30/2010
Perf: $1,041.15 Date: 5/31/2010
Perf: $1,098.60 Date: 4/30/2010
Perf: $1,194.01 Date: 3/31/2010
Perf: $1,175.43 Date: 2/28/2010
Perf: $1,108.59 Date: 1/31/2010
Perf: $1,075.25 Date: 12/31/2009
Perf: $1,115.41 Date: 11/30/2009
Perf: $1,094.29 Date: 10/31/2009
Perf: $1,032.35 Date: 9/30/2009
Perf: $1,051.91 Date: 8/31/2009
Perf: $1,014.09 Date: 7/31/2009
Perf: $978.75 Date: 6/30/2009
Perf: $909.96 Date: 5/31/2009
Perf: $908.14 Date: 4/30/2009
Perf: $860.07 Date: 3/31/2009
Perf: $784.95 Date: 2/28/2009
Perf: $721.72 Date: 1/31/2009
Perf: $807.75 Date: 12/31/2008
Perf: $882.11 Date: 11/30/2008
Perf: $872.86 Date: 10/31/2008
Perf: $940.38 Date: 9/30/2008
Perf: $1,130.13 Date: 8/31/2008
Perf: $1,240.67 Date: 7/31/2008
Perf: $1,222.94 Date: 6/30/2008
Perf: $1,233.30 Date: 5/31/2008
Perf: $1,346.84 Date: 4/30/2008
Perf: $1,329.55 Date: 3/31/2008
Perf: $1,267.81 Date: 2/29/2008
Perf: $1,273.28 Date: 1/31/2008
Perf: $1,316.06 Date: 12/31/2007
Perf: $1,400.06 Date: 11/30/2007
Perf: $1,409.79 Date: 10/31/2007
Perf: $1,471.29 Date: 9/30/2007
Perf: $1,448.26 Date: 8/31/2007
Perf: $1,396.05 Date: 7/31/2007
Perf: $1,375.42 Date: 6/30/2007
Perf: $1,419.42 Date: 5/31/2007
Perf: $1,443.38 Date: 4/30/2007
Perf: $1,394.70 Date: 3/31/2007
Perf: $1,335.54 Date: 2/28/2007
Perf: $1,320.75 Date: 1/31/2007
Perf: $1,347.15 Date: 12/31/2006
Perf: $1,327.11 Date: 11/30/2006
Perf: $1,308.79 Date: 10/31/2006
Perf: $1,284.39 Date: 9/30/2006
Perf: $1,243.84 Date: 8/31/2006
Perf: $1,212.55 Date: 7/31/2006
Perf: $1,184.36 Date: 6/30/2006
Perf: $1,177.07 Date: 5/31/2006
Perf: $1,175.42 Date: 4/30/2006
Perf: $1,210.28 Date: 3/31/2006
Perf: $1,194.27 Date: 2/28/2006
Perf: $1,179.65 Date: 1/31/2006
Perf: $1,176.47 Date: 12/31/2005
Perf: $1,146.10 Date: 11/30/2005
Perf: $1,145.75 Date: 10/31/2005
Perf: $1,104.02 Date: 9/30/2005
Perf: $1,122.77 Date: 8/31/2005
Perf: $1,113.75 Date: 7/31/2005
Perf: $1,123.98 Date: 6/30/2005
Perf: $1,083.67 Date: 5/31/2005
Perf: $1,082.15 Date: 4/30/2005
Perf: $1,048.80 Date: 3/31/2005
Perf: $1,069.11 Date: 2/28/2005
Perf: $1,088.38 Date: 1/31/2005
Perf: $1,065.99 Date: 12/31/2004
Perf: $1,092.65 Date: 11/30/2004
Perf: $1,056.72 Date: 10/31/2004
Perf: $1,015.59 Date: 9/30/2004
Perf: $1,000.29 Date: 8/31/2004
Perf: $989.60 Date: 7/31/2004
Perf: $985.66 Date: 6/30/2004
Perf: $1,019.40 Date: 5/31/2004
Perf: $1,000.00 Date: 7/31/2017
Perf: $1,504.79 Date: 6/30/2017
Perf: $1,483.29 Date: 5/31/2017
Perf: $1,503.28 Date: 4/30/2017
Perf: $1,497.59 Date: 3/31/2017
Perf: $1,495.64 Date: 2/28/2017
Perf: $1,531.32 Date: 1/31/2017
Perf: $1,535.16 Date: 12/31/2016
Perf: $1,610.87 Date: 11/30/2016
Perf: $1,588.63 Date: 10/31/2016
Perf: $1,547.17 Date: 9/30/2016
Perf: $1,533.37 Date: 8/31/2016
Perf: $1,626.23 Date: 7/31/2016
Perf: $1,698.76 Date: 6/30/2016
Perf: $1,682.61 Date: 5/31/2016
Perf: $1,659.38 Date: 4/30/2016
Perf: $1,760.61 Date: 3/31/2016
Perf: $1,749.42 Date: 2/29/2016
Perf: $1,864.85 Date: 1/31/2016
Perf: $1,775.37 Date: 12/31/2015
Perf: $1,613.83 Date: 11/30/2015
Perf: $1,630.79 Date: 10/31/2015
Perf: $1,577.78 Date: 9/30/2015
Perf: $1,702.57 Date: 8/31/2015
Perf: $1,637.09 Date: 7/31/2015
Perf: $1,621.36 Date: 6/30/2015
Perf: $1,611.05 Date: 5/31/2015
Perf: $1,702.84 Date: 4/30/2015
Perf: $1,722.65 Date: 3/31/2015
Perf: $1,810.64 Date: 2/28/2015
Perf: $1,735.16 Date: 1/31/2015
Perf: $1,766.61 Date: 12/31/2014
Perf: $1,651.50 Date: 11/30/2014
Perf: $1,553.62 Date: 10/31/2014
Perf: $1,444.69 Date: 9/30/2014
Perf: $1,440.95 Date: 8/31/2014
Perf: $1,338.05 Date: 7/31/2014
Perf: $1,307.84 Date: 6/30/2014
Perf: $1,297.20 Date: 5/31/2014
Perf: $1,261.13 Date: 4/30/2014
Perf: $1,250.88 Date: 3/31/2014
Perf: $1,281.63 Date: 2/28/2014
Perf: $1,354.94 Date: 1/31/2014
Perf: $1,362.43 Date: 12/31/2013
Perf: $1,427.53 Date: 11/30/2013
Perf: $1,399.67 Date: 10/31/2013
Perf: $1,361.42 Date: 9/30/2013
Perf: $1,359.11 Date: 8/31/2013
Perf: $1,387.69 Date: 7/31/2013
Perf: $1,412.41 Date: 6/30/2013
Perf: $1,464.70 Date: 5/31/2013
Perf: $1,482.79 Date: 4/30/2013
Perf: $1,445.78 Date: 3/31/2013
Perf: $1,432.17 Date: 2/28/2013
Perf: $1,423.49 Date: 1/31/2013
Perf: $1,466.61 Date: 12/31/2012
Perf: $1,397.17 Date: 11/30/2012
Perf: $1,352.01 Date: 10/31/2012
Perf: $1,376.79 Date: 9/30/2012
Perf: $1,455.23 Date: 8/31/2012
Perf: $1,468.59 Date: 7/31/2012
Perf: $1,483.88 Date: 6/30/2012
Perf: $1,458.79 Date: 5/31/2012
Perf: $1,607.83 Date: 4/30/2012
Perf: $1,428.42 Date: 3/31/2012
Perf: $1,468.06 Date: 2/29/2012
Perf: $1,507.25 Date: 1/31/2012
Perf: $1,484.24 Date: 12/31/2011
Perf: $1,521.36 Date: 11/30/2011
Perf: $1,528.09 Date: 10/31/2011
Perf: $1,543.68 Date: 9/30/2011
Perf: $1,744.86 Date: 8/31/2011
Perf: $1,635.14 Date: 7/31/2011
Perf: $1,552.84 Date: 6/30/2011
Perf: $1,532.61 Date: 5/31/2011
Perf: $1,598.30 Date: 4/30/2011
Perf: $1,697.97 Date: 3/31/2011
Perf: $1,630.32 Date: 2/28/2011
Perf: $1,698.78 Date: 1/31/2011
Perf: $1,670.05 Date: 12/31/2010
Perf: $1,685.73 Date: 11/30/2010
Perf: $1,605.76 Date: 10/31/2010
Perf: $1,683.36 Date: 9/30/2010
Perf: $1,629.75 Date: 8/31/2010
Perf: $1,650.54 Date: 7/31/2010
Perf: $1,557.70 Date: 6/30/2010
Perf: $1,629.57 Date: 5/31/2010
Perf: $1,613.43 Date: 4/30/2010
Perf: $1,537.19 Date: 3/31/2010
Perf: $1,569.68 Date: 2/28/2010
Perf: $1,584.74 Date: 1/31/2010
Perf: $1,593.98 Date: 12/31/2009
Perf: $1,593.98 Date: 11/30/2009
Perf: $1,665.43 Date: 10/31/2009
Perf: $1,641.95 Date: 9/30/2009
Perf: $1,666.95 Date: 8/31/2009
Perf: $1,669.12 Date: 7/31/2009
Perf: $1,690.08 Date: 6/30/2009
Perf: $1,676.50 Date: 5/31/2009
Perf: $1,708.97 Date: 4/30/2009
Perf: $1,628.06 Date: 3/31/2009
Perf: $1,701.74 Date: 2/28/2009
Perf: $1,754.91 Date: 1/31/2009
Perf: $1,792.56 Date: 12/31/2008
Perf: $1,834.76 Date: 11/30/2008
Perf: $1,767.93 Date: 10/31/2008
Perf: $1,631.53 Date: 9/30/2008
Perf: $1,306.69 Date: 8/31/2008
Perf: $1,313.92 Date: 7/31/2008
Perf: $1,274.66 Date: 6/30/2008
Perf: $1,405.05 Date: 5/31/2008
Perf: $1,341.33 Date: 4/30/2008
Perf: $1,294.47 Date: 3/31/2008
Perf: $1,330.53 Date: 2/29/2008
Perf: $1,358.65 Date: 1/31/2008
Perf: $1,266.10 Date: 12/31/2007
Perf: $1,207.42 Date: 11/30/2007
Perf: $1,211.05 Date: 10/31/2007
Perf: $1,204.79 Date: 9/30/2007
Perf: $1,160.13 Date: 8/31/2007
Perf: $1,105.72 Date: 7/31/2007
Perf: $1,149.76 Date: 6/30/2007
Perf: $1,150.33 Date: 5/31/2007
Perf: $1,111.22 Date: 4/30/2007
Perf: $1,083.59 Date: 3/31/2007
Perf: $1,054.79 Date: 2/28/2007
Perf: $1,081.95 Date: 1/31/2007
Perf: $1,122.94 Date: 12/31/2006
Perf: $1,119.35 Date: 11/30/2006
Perf: $1,104.34 Date: 10/31/2006
Perf: $1,080.88 Date: 9/30/2006
Perf: $1,067.54 Date: 8/31/2006
Perf: $1,090.21 Date: 7/31/2006
Perf: $1,078.14 Date: 6/30/2006
Perf: $1,094.33 Date: 5/31/2006
Perf: $1,140.88 Date: 4/30/2006
Perf: $1,132.50 Date: 3/31/2006
Perf: $1,026.19 Date: 2/28/2006
Perf: $998.63 Date: 1/31/2006
Perf: $1,031.21 Date: 12/31/2005
Perf: $1,009.01 Date: 11/30/2005
Perf: $1,016.64 Date: 10/31/2005
Perf: $983.40 Date: 9/30/2005
Perf: $1,012.25 Date: 8/31/2005
Perf: $1,014.07 Date: 7/31/2005
Perf: $982.82 Date: 6/30/2005
Perf: $1,004.62 Date: 5/31/2005
Perf: $985.60 Date: 4/30/2005
Perf: $979.82 Date: 3/31/2005
Perf: $1,000.43 Date: 2/28/2005
Perf: $1,009.10 Date: 1/31/2005
Perf: $980.86 Date: 12/31/2004
Perf: $1,031.18 Date: 11/30/2004
Perf: $1,037.19 Date: 10/31/2004
Perf: $980.33 Date: 9/30/2004
Perf: $962.43 Date: 8/31/2004
Perf: $934.31 Date: 7/31/2004
Perf: $950.08 Date: 6/30/2004
Perf: $959.00 Date: 5/31/2004
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 05/04 - 07/17
Date: 7/31/2017
Return: 1.45 % Date: 6/30/2017
Return: -1.33 % Date: 5/31/2017
Return: 0.38 % Date: 4/30/2017
Return: 0.13 % Date: 3/31/2017
Return: -2.33 % Date: 2/28/2017
Return: -0.25 % Date: 1/31/2017
Return: -4.70 % Date: 12/31/2016
Return: 1.40 % Date: 11/30/2016
Return: 2.68 % Date: 10/31/2016
Return: 0.90 % Date: 9/30/2016
Return: -5.71 % Date: 8/31/2016
Return: -4.27 % Date: 7/31/2016
Return: 0.96 % Date: 6/30/2016
Return: 1.40 % Date: 5/31/2016
Return: -5.75 % Date: 4/30/2016
Return: 0.64 % Date: 3/31/2016
Return: -6.19 % Date: 2/29/2016
Return: 5.04 % Date: 1/31/2016
Return: 10.01 % Date: 12/31/2015
Return: -1.04 % Date: 11/30/2015
Return: 3.36 % Date: 10/31/2015
Return: -7.33 % Date: 9/30/2015
Return: 4.00 % Date: 8/31/2015
Return: 0.97 % Date: 7/31/2015
Return: 0.64 % Date: 6/30/2015
Return: -5.39 % Date: 5/31/2015
Return: -1.15 % Date: 4/30/2015
Return: -4.86 % Date: 3/31/2015
Return: 4.35 % Date: 2/28/2015
Return: -1.78 % Date: 1/31/2015
Return: 6.97 % Date: 12/31/2014
Return: 6.30 % Date: 11/30/2014
Return: 7.54 % Date: 10/31/2014
Return: 0.26 % Date: 9/30/2014
Return: 7.69 % Date: 8/31/2014
Return: 2.31 % Date: 7/31/2014
Return: 0.82 % Date: 6/30/2014
Return: 2.86 % Date: 5/31/2014
Return: 0.82 % Date: 4/30/2014
Return: -2.40 % Date: 3/31/2014
Return: -5.41 % Date: 2/28/2014
Return: -0.55 % Date: 1/31/2014
Return: -4.56 % Date: 12/31/2013
Return: 1.99 % Date: 11/30/2013
Return: 2.81 % Date: 10/31/2013
Return: 0.17 % Date: 9/30/2013
Return: -2.06 % Date: 8/31/2013
Return: -1.75 % Date: 7/31/2013
Return: -3.57 % Date: 6/30/2013
Return: -1.22 % Date: 5/31/2013
Return: 2.56 % Date: 4/30/2013
Return: 0.95 % Date: 3/31/2013
Return: 0.61 % Date: 2/28/2013
Return: -2.94 % Date: 1/31/2013
Return: 4.97 % Date: 12/31/2012
Return: 3.34 % Date: 11/30/2012
Return: -1.80 % Date: 10/31/2012
Return: -5.39 % Date: 9/30/2012
Return: -0.91 % Date: 8/31/2012
Return: -1.03 % Date: 7/31/2012
Return: 1.72 % Date: 6/30/2012
Return: -9.27 % Date: 5/31/2012
Return: 12.56 % Date: 4/30/2012
Return: -2.70 % Date: 3/31/2012
Return: -2.60 % Date: 2/29/2012
Return: 1.55 % Date: 1/31/2012
Return: -2.44 % Date: 12/31/2011
Return: -0.44 % Date: 11/30/2011
Return: -1.01 % Date: 10/31/2011
Return: -11.53 % Date: 9/30/2011
Return: 6.71 % Date: 8/31/2011
Return: 5.30 % Date: 7/31/2011
Return: 1.32 % Date: 6/30/2011
Return: -4.11 % Date: 5/31/2011
Return: -5.87 % Date: 4/30/2011
Return: 4.15 % Date: 3/31/2011
Return: -4.03 % Date: 2/28/2011
Return: 1.72 % Date: 1/31/2011
Return: -0.93 % Date: 12/31/2010
Return: 4.98 % Date: 11/30/2010
Return: -4.61 % Date: 10/31/2010
Return: 3.29 % Date: 9/30/2010
Return: -1.26 % Date: 8/31/2010
Return: 5.96 % Date: 7/31/2010
Return: -4.41 % Date: 6/30/2010
Return: 1.00 % Date: 5/31/2010
Return: 4.96 % Date: 4/30/2010
Return: -2.07 % Date: 3/31/2010
Return: -0.95 % Date: 2/28/2010
Return: -0.58 % Date: 1/31/2010
Return: 0.00 % Date: 12/31/2009
Return: -4.29 % Date: 11/30/2009
Return: 1.43 % Date: 10/31/2009
Return: -1.50 % Date: 9/30/2009
Return: -0.13 % Date: 8/31/2009
Return: -1.24 % Date: 7/31/2009
Return: 0.81 % Date: 6/30/2009
Return: -1.90 % Date: 5/31/2009
Return: 4.97 % Date: 4/30/2009
Return: -4.33 % Date: 3/31/2009
Return: -3.03 % Date: 2/28/2009
Return: -2.10 % Date: 1/31/2009
Return: -2.30 % Date: 12/31/2008
Return: 3.78 % Date: 11/30/2008
Return: 8.36 % Date: 10/31/2008
Return: 24.86 % Date: 9/30/2008
Return: -0.55 % Date: 8/31/2008
Return: 3.08 % Date: 7/31/2008
Return: -9.28 % Date: 6/30/2008
Return: 4.75 % Date: 5/31/2008
Return: 3.62 % Date: 4/30/2008
Return: -2.71 % Date: 3/31/2008
Return: -2.07 % Date: 2/29/2008
Return: 7.31 % Date: 1/31/2008
Return: 4.86 % Date: 12/31/2007
Return: -0.30 % Date: 11/30/2007
Return: 0.52 % Date: 10/31/2007
Return: 3.85 % Date: 9/30/2007
Return: 4.92 % Date: 8/31/2007
Return: -3.83 % Date: 7/31/2007
Return: -0.05 % Date: 6/30/2007
Return: 3.52 % Date: 5/31/2007
Return: 2.55 % Date: 4/30/2007
Return: 2.73 % Date: 3/31/2007
Return: -2.51 % Date: 2/28/2007
Return: -3.65 % Date: 1/31/2007
Return: 0.32 % Date: 12/31/2006
Return: 1.36 % Date: 11/30/2006
Return: 2.17 % Date: 10/31/2006
Return: 1.25 % Date: 9/30/2006
Return: -2.08 % Date: 8/31/2006
Return: 1.12 % Date: 7/31/2006
Return: -1.48 % Date: 6/30/2006
Return: -4.08 % Date: 5/31/2006
Return: 0.74 % Date: 4/30/2006
Return: 10.36 % Date: 3/31/2006
Return: 2.76 % Date: 2/28/2006
Return: -3.16 % Date: 1/31/2006
Return: 2.20 % Date: 12/31/2005
Return: -0.75 % Date: 11/30/2005
Return: 3.38 % Date: 10/31/2005
Return: -2.85 % Date: 9/30/2005
Return: -0.18 % Date: 8/31/2005
Return: 3.18 % Date: 7/31/2005
Return: -2.17 % Date: 6/30/2005
Return: 1.93 % Date: 5/31/2005
Return: 0.59 % Date: 4/30/2005
Return: -2.06 % Date: 3/31/2005
Return: -0.86 % Date: 2/28/2005
Return: 2.88 % Date: 1/31/2005
Return: -4.88 % Date: 12/31/2004
Return: -0.58 % Date: 11/30/2004
Return: 5.80 % Date: 10/31/2004
Return: 1.86 % Date: 9/30/2004
Return: 3.01 % Date: 8/31/2004
Return: -1.66 % Date: 7/31/2004
Return: -0.93 % Date: 6/30/2004
Return: -4.10 % Date: 5/31/2004
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 05/04 - 07/17
Return: -7.00 %
Count: 1 Return: 13.00 %
Count: 1 Return: -12.00 %
Count: 1 Return: -6.00 %
Count: 4 Return: 8.00 %
Count: 3 Return: 25.00 %
Count: 1 Return: -9.00 %
Count: 2 Return: 7.00 %
Count: 3 Return: 5.00 %
Count: 9 Return: 4.00 %
Count: 7 Return: 10.00 %
Count: 2 Return: -3.00 %
Count: 8 Return: 1.00 %
Count: 22 Return: -5.00 %
Count: 8 Return: 6.00 %
Count: 3 Return: 2.00 %
Count: 9 Return: 3.00 %
Count: 15 Return: -2.00 %
Count: 17 Return: -1.00 %
Count: 19 Return: -4.00 %
Count: 11 Return: 0.00 %
Count: 13
Note: All performance data is since program inception.

Underwater Curve
Date Range: 05/04 - 07/17
Date: 7/31/2017
Drawdown: -19.31 % Date: 6/30/2017
Drawdown: -20.46 % Date: 5/31/2017
Drawdown: -19.39 % Date: 4/30/2017
Drawdown: -19.69 % Date: 3/31/2017
Drawdown: -19.80 % Date: 2/28/2017
Drawdown: -17.88 % Date: 1/31/2017
Drawdown: -17.68 % Date: 12/31/2016
Drawdown: -13.62 % Date: 11/30/2016
Drawdown: -14.81 % Date: 10/31/2016
Drawdown: -17.04 % Date: 9/30/2016
Drawdown: -17.78 % Date: 8/31/2016
Drawdown: -12.80 % Date: 7/31/2016
Drawdown: -8.91 % Date: 6/30/2016
Drawdown: -9.77 % Date: 5/31/2016
Drawdown: -11.02 % Date: 4/30/2016
Drawdown: -5.59 % Date: 3/31/2016
Drawdown: -6.19 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -3.24 % Date: 12/31/2015
Drawdown: -12.04 % Date: 11/30/2015
Drawdown: -11.12 % Date: 10/31/2015
Drawdown: -14.01 % Date: 9/30/2015
Drawdown: -7.20 % Date: 8/31/2015
Drawdown: -10.77 % Date: 7/31/2015
Drawdown: -11.63 % Date: 6/30/2015
Drawdown: -12.19 % Date: 5/31/2015
Drawdown: -7.19 % Date: 4/30/2015
Drawdown: -6.11 % Date: 3/31/2015
Drawdown: -1.31 % Date: 2/28/2015
Drawdown: -5.43 % Date: 1/31/2015
Drawdown: -3.71 % Date: 12/31/2014
Drawdown: -9.99 % Date: 11/30/2014
Drawdown: -15.32 % Date: 10/31/2014
Drawdown: -21.26 % Date: 9/30/2014
Drawdown: -21.46 % Date: 8/31/2014
Drawdown: -27.07 % Date: 7/31/2014
Drawdown: -28.72 % Date: 6/30/2014
Drawdown: -29.30 % Date: 5/31/2014
Drawdown: -31.26 % Date: 4/30/2014
Drawdown: -31.82 % Date: 3/31/2014
Drawdown: -30.15 % Date: 2/28/2014
Drawdown: -26.15 % Date: 1/31/2014
Drawdown: -25.74 % Date: 12/31/2013
Drawdown: -22.20 % Date: 11/30/2013
Drawdown: -23.71 % Date: 10/31/2013
Drawdown: -25.80 % Date: 9/30/2013
Drawdown: -25.92 % Date: 8/31/2013
Drawdown: -24.37 % Date: 7/31/2013
Drawdown: -23.02 % Date: 6/30/2013
Drawdown: -20.17 % Date: 5/31/2013
Drawdown: -19.18 % Date: 4/30/2013
Drawdown: -21.20 % Date: 3/31/2013
Drawdown: -21.94 % Date: 2/28/2013
Drawdown: -22.42 % Date: 1/31/2013
Drawdown: -20.07 % Date: 12/31/2012
Drawdown: -23.85 % Date: 11/30/2012
Drawdown: -26.31 % Date: 10/31/2012
Drawdown: -24.96 % Date: 9/30/2012
Drawdown: -20.69 % Date: 8/31/2012
Drawdown: -19.96 % Date: 7/31/2012
Drawdown: -19.12 % Date: 6/30/2012
Drawdown: -20.49 % Date: 5/31/2012
Drawdown: -12.37 % Date: 4/30/2012
Drawdown: -22.15 % Date: 3/31/2012
Drawdown: -19.99 % Date: 2/29/2012
Drawdown: -17.85 % Date: 1/31/2012
Drawdown: -19.10 % Date: 12/31/2011
Drawdown: -17.08 % Date: 11/30/2011
Drawdown: -16.71 % Date: 10/31/2011
Drawdown: -15.86 % Date: 9/30/2011
Drawdown: -4.90 % Date: 8/31/2011
Drawdown: -10.88 % Date: 7/31/2011
Drawdown: -15.37 % Date: 6/30/2011
Drawdown: -16.47 % Date: 5/31/2011
Drawdown: -12.89 % Date: 4/30/2011
Drawdown: -7.46 % Date: 3/31/2011
Drawdown: -11.14 % Date: 2/28/2011
Drawdown: -7.41 % Date: 1/31/2011
Drawdown: -8.98 % Date: 12/31/2010
Drawdown: -8.12 % Date: 11/30/2010
Drawdown: -12.48 % Date: 10/31/2010
Drawdown: -8.25 % Date: 9/30/2010
Drawdown: -11.17 % Date: 8/31/2010
Drawdown: -10.04 % Date: 7/31/2010
Drawdown: -15.10 % Date: 6/30/2010
Drawdown: -11.18 % Date: 5/31/2010
Drawdown: -12.06 % Date: 4/30/2010
Drawdown: -16.22 % Date: 3/31/2010
Drawdown: -14.45 % Date: 2/28/2010
Drawdown: -13.63 % Date: 1/31/2010
Drawdown: -13.12 % Date: 12/31/2009
Drawdown: -13.12 % Date: 11/30/2009
Drawdown: -9.23 % Date: 10/31/2009
Drawdown: -10.51 % Date: 9/30/2009
Drawdown: -9.15 % Date: 8/31/2009
Drawdown: -9.03 % Date: 7/31/2009
Drawdown: -7.89 % Date: 6/30/2009
Drawdown: -8.63 % Date: 5/31/2009
Drawdown: -6.86 % Date: 4/30/2009
Drawdown: -11.27 % Date: 3/31/2009
Drawdown: -7.25 % Date: 2/28/2009
Drawdown: -4.35 % Date: 1/31/2009
Drawdown: -2.30 % 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: -7.00 % Date: 8/31/2008
Drawdown: -6.49 % Date: 7/31/2008
Drawdown: -9.28 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -1.27 % Date: 4/30/2008
Drawdown: -4.72 % Date: 3/31/2008
Drawdown: -2.07 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: -0.30 % Date: 11/30/2007
Drawdown: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: -3.88 % Date: 7/31/2007
Drawdown: -0.05 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: -2.60 % Date: 4/30/2007
Drawdown: -5.02 % Date: 3/31/2007
Drawdown: -7.55 % Date: 2/28/2007
Drawdown: -5.17 % Date: 1/31/2007
Drawdown: -1.57 % Date: 12/31/2006
Drawdown: -1.89 % Date: 11/30/2006
Drawdown: -3.20 % Date: 10/31/2006
Drawdown: -5.26 % Date: 9/30/2006
Drawdown: -6.43 % Date: 8/31/2006
Drawdown: -4.44 % Date: 7/31/2006
Drawdown: -5.50 % Date: 6/30/2006
Drawdown: -4.08 % Date: 5/31/2006
Drawdown: 0.00 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: -1.06 % Date: 2/28/2006
Drawdown: -3.72 % Date: 1/31/2006
Drawdown: -0.58 % Date: 12/31/2005
Drawdown: -2.72 % Date: 11/30/2005
Drawdown: -1.98 % Date: 10/31/2005
Drawdown: -5.19 % Date: 9/30/2005
Drawdown: -2.41 % Date: 8/31/2005
Drawdown: -2.23 % Date: 7/31/2005
Drawdown: -5.24 % Date: 6/30/2005
Drawdown: -3.14 % Date: 5/31/2005
Drawdown: -4.97 % Date: 4/30/2005
Drawdown: -5.53 % Date: 3/31/2005
Drawdown: -3.54 % Date: 2/28/2005
Drawdown: -2.71 % Date: 1/31/2005
Drawdown: -5.43 % Date: 12/31/2004
Drawdown: -0.58 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: -1.97 % Date: 9/30/2004
Drawdown: -3.76 % Date: 8/31/2004
Drawdown: -6.57 % Date: 7/31/2004
Drawdown: -4.99 % Date: 6/30/2004
Drawdown: -4.10 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Conquest Capital Group LLC
Address: 540 Madison Avenue 20th Floor
City: New York
State: NY
Zip: 10022
Country: USA
Key People
Name:  Marc H. Malek
Position:  Principal
Biography: 

Marc H. Malek is a principal of Conquest Capital Group LLC the parent of the Investment Manager and Managing Member. Mr. Malek started his career in 1992 at Salomon Brothers in New York as a financial analyst in the Financial Strategy Group. From Salomon, he was hired in 1993 by KB Currency Advisors, a $400 million hedge fund and financial advisory firm. For the next two years, Mr. Malek traded currency options, worked on developing proprietary trend following trading systems, and dealt with currency overlay customers. Mr. Malek joined UBS in 1995, where he held various senior level positions within the foreign exchange department in New York, London and Tokyo. He was the worldwide head of the Exotic FX Derivatives Group, and, by the time he left the bank in 1999, he held the post of Executive Director in charge of FX Proprietary Trading in Europe. Mr. Malek was a principal of Avalon Asset Management and Enterprise Asset Management from 1999 until co-founding the Investment Manager and its affiliates in 2001. Mr. Malek graduated with Honors from the California Institute of Technology (“Caltech”) with a B.S. in Engineering and Applied Science and holds a B.A. in Mathematics from Reed College. While at Caltech, he did extensive research on Neural Networks and Decision Support Systems with the pioneers in those fields and was awarded a grant from the Pentagon through the Caltech Summer Undergraduate Research Fellowship to conduct research on computer-based decision systems, which was published.


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.