Altegris Clearing Solutions Quantmetrics Capital Management, LLP QM Multi Strategy Portfolio *QEP*
Monthly Performance (%)
Date Range: 04/06 - 08/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.43 1.46 0.41 0.37 1.67 -2.78 -0.10 0.22 0.76
2016 0.13 -3.48 0.59 -1.28 0.19 -2.34 -0.98 -0.37 -0.67 -0.29 0.09 0.37 -7.83
2015 1.42 3.45 -1.13 -3.46 2.34 -0.75 1.48 -4.94 -1.29 -1.11 -0.12 -0.24 -4.56
2014 -0.97 3.01 2.57 -0.74 1.81 1.69 0.10 1.99 -0.96 1.24 2.10 3.99 16.86
2013 -7.24 2.82 2.80 6.03 -6.98 1.39 1.42 0.69 1.47 1.51 1.75 3.80 8.92
2012 -1.40 -0.90 1.06 2.01 1.27 -0.82 2.49 1.38 -1.75 0.56 2.68 -0.66 5.94
2011 -1.93 -2.22 -0.10 1.29 -1.67 -0.71 1.06 12.10 -6.47 7.27 3.66 -0.93 10.58
2010 0.42 -2.60 -0.60 -1.40 4.18 0.09 0.30 -0.49 -2.37 -1.96 -2.10 0.22 -6.31
2009 1.72 0.86 1.48 -3.46 -0.59 0.65 2.26 -0.39 0.63 1.20 0.31 0.50 5.17
2008 7.06 3.90 -0.17 1.74 1.30 5.41 1.79 0.55 1.97 5.00 4.18 1.37 39.61
2007 1.10 2.70 2.97 1.50 4.33 3.04 2.54 1.14 0.07 2.09 4.26 -0.11 28.72
2006 3.51 4.63 4.11 1.05 1.35 0.92 3.75 0.54 21.56
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The QM Multi Strategy has exposure to the 2 managed futures strategies offered by Quantmetrics; QM Premier: a market neutral strategy that seeks to identify and capture short term liquidity imbalances in pairs of equity index futures. The strategy employs a number of market neutral trading systems with time horizons ranging from 20 minutes to 1 day, with a target volatility of 8%. QM Directional: a directional strategy that aims to generate returns through its predictive (anticipating flow) and reactive (liquidity provision) investment strategies, with time horizons ranging from 5 minutes to 5 days. The strategy is unhedged but we believe it benefits from cross market diversification, targeting a volatility of 7.5%. QM Premier and QM Directional together create a target volatility of 10% for the QM Multi Strategy.

Performance Statistics
Date Range: 04/06 - 08/17
  Program SP500 TR Altegris 40
Total Return 184.54% 143.57% 30.26%
Annualized Return 9.67% 8.11% 2.34%
Annualized Std. Deviation 8.93% 14.37% 9.00%
Correlation -0.18 0.14
Sharpe Ratio (rf=2.5%) 0.80 0.39 -0.02
Worst Month -7.24% -16.79% -5.20%
Date of Worst Month 01/2013 10/2008 06/2015
Worst Drawdown -16.54% -50.95% -15.74%
Date of Worst Drawdown 2/15 - 10/16 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 04/06 - 08/17
Year or YTD Program SP500 TR Altegris 40
2017 0.76 11.95 -1.93
2016 -7.83 11.98 -3.13
2015 -4.56 1.41 0.09
2014 16.86 13.69 15.75
2013 8.92 32.41 -2.45
2012 5.94 15.98 -4.75
2011 10.58 2.12 -3.23
2010 -6.31 15.06 11.33
2009 5.17 26.45 -7.98
2008 39.61 -36.99 15.47
2007 28.72 5.50 7.18
2006 21.56 9.65 1.34
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 04/06 - 08/17
Date: 8/31/2017
Perf: $1,271.59 Date: 7/31/2017
Perf: $1,250.82 Date: 6/30/2017
Perf: $1,245.97 Date: 5/31/2017
Perf: $1,283.44 Date: 4/30/2017
Perf: $1,281.01 Date: 3/31/2017
Perf: $1,288.74 Date: 2/28/2017
Perf: $1,307.83 Date: 1/31/2017
Perf: $1,279.93 Date: 12/31/2016
Perf: $1,296.66 Date: 11/30/2016
Perf: $1,286.88 Date: 10/31/2016
Perf: $1,301.19 Date: 9/30/2016
Perf: $1,335.65 Date: 8/31/2016
Perf: $1,353.11 Date: 7/31/2016
Perf: $1,390.51 Date: 6/30/2016
Perf: $1,376.47 Date: 5/31/2016
Perf: $1,320.36 Date: 4/30/2016
Perf: $1,343.87 Date: 3/31/2016
Perf: $1,378.47 Date: 2/29/2016
Perf: $1,419.21 Date: 1/31/2016
Perf: $1,385.13 Date: 12/31/2015
Perf: $1,338.55 Date: 11/30/2015
Perf: $1,370.06 Date: 10/31/2015
Perf: $1,324.88 Date: 9/30/2015
Perf: $1,348.34 Date: 8/31/2015
Perf: $1,319.71 Date: 7/31/2015
Perf: $1,342.94 Date: 6/30/2015
Perf: $1,292.41 Date: 5/31/2015
Perf: $1,363.30 Date: 4/30/2015
Perf: $1,373.18 Date: 3/31/2015
Perf: $1,428.32 Date: 2/28/2015
Perf: $1,397.43 Date: 1/31/2015
Perf: $1,399.67 Date: 12/31/2014
Perf: $1,337.35 Date: 11/30/2014
Perf: $1,314.22 Date: 10/31/2014
Perf: $1,240.42 Date: 9/30/2014
Perf: $1,222.45 Date: 8/31/2014
Perf: $1,204.50 Date: 7/31/2014
Perf: $1,155.62 Date: 6/30/2014
Perf: $1,164.94 Date: 5/31/2014
Perf: $1,155.00 Date: 4/30/2014
Perf: $1,126.17 Date: 3/31/2014
Perf: $1,117.68 Date: 2/28/2014
Perf: $1,134.47 Date: 1/31/2014
Perf: $1,125.24 Date: 12/31/2013
Perf: $1,155.40 Date: 11/30/2013
Perf: $1,157.02 Date: 10/31/2013
Perf: $1,136.45 Date: 9/30/2013
Perf: $1,111.01 Date: 8/31/2013
Perf: $1,117.71 Date: 7/31/2013
Perf: $1,139.59 Date: 6/30/2013
Perf: $1,149.59 Date: 5/31/2013
Perf: $1,194.88 Date: 4/30/2013
Perf: $1,248.57 Date: 3/31/2013
Perf: $1,217.17 Date: 2/28/2013
Perf: $1,199.89 Date: 1/31/2013
Perf: $1,206.89 Date: 12/31/2012
Perf: $1,184.38 Date: 11/30/2012
Perf: $1,178.61 Date: 10/31/2012
Perf: $1,175.32 Date: 9/30/2012
Perf: $1,219.46 Date: 8/31/2012
Perf: $1,239.92 Date: 7/31/2012
Perf: $1,257.02 Date: 6/30/2012
Perf: $1,207.63 Date: 5/31/2012
Perf: $1,254.81 Date: 4/30/2012
Perf: $1,231.41 Date: 3/31/2012
Perf: $1,224.07 Date: 2/29/2012
Perf: $1,252.50 Date: 1/31/2012
Perf: $1,247.38 Date: 12/31/2011
Perf: $1,243.40 Date: 11/30/2011
Perf: $1,231.58 Date: 10/31/2011
Perf: $1,227.90 Date: 9/30/2011
Perf: $1,278.53 Date: 8/31/2011
Perf: $1,279.29 Date: 7/31/2011
Perf: $1,281.86 Date: 6/30/2011
Perf: $1,237.43 Date: 5/31/2011
Perf: $1,270.47 Date: 4/30/2011
Perf: $1,318.59 Date: 3/31/2011
Perf: $1,269.10 Date: 2/28/2011
Perf: $1,288.82 Date: 1/31/2011
Perf: $1,267.28 Date: 12/31/2010
Perf: $1,284.88 Date: 11/30/2010
Perf: $1,232.02 Date: 10/31/2010
Perf: $1,277.24 Date: 9/30/2010
Perf: $1,229.53 Date: 8/31/2010
Perf: $1,207.55 Date: 7/31/2010
Perf: $1,159.55 Date: 6/30/2010
Perf: $1,174.70 Date: 5/31/2010
Perf: $1,170.26 Date: 4/30/2010
Perf: $1,199.28 Date: 3/31/2010
Perf: $1,181.09 Date: 2/28/2010
Perf: $1,135.99 Date: 1/31/2010
Perf: $1,125.41 Date: 12/31/2009
Perf: $1,154.15 Date: 11/30/2009
Perf: $1,202.24 Date: 10/31/2009
Perf: $1,155.67 Date: 9/30/2009
Perf: $1,186.03 Date: 8/31/2009
Perf: $1,158.46 Date: 7/31/2009
Perf: $1,154.65 Date: 6/30/2009
Perf: $1,155.92 Date: 5/31/2009
Perf: $1,187.51 Date: 4/30/2009
Perf: $1,171.34 Date: 3/31/2009
Perf: $1,210.94 Date: 2/28/2009
Perf: $1,245.44 Date: 1/31/2009
Perf: $1,246.06 Date: 12/31/2008
Perf: $1,254.21 Date: 11/30/2008
Perf: $1,222.79 Date: 10/31/2008
Perf: $1,179.50 Date: 9/30/2008
Perf: $1,121.73 Date: 8/31/2008
Perf: $1,119.38 Date: 7/31/2008
Perf: $1,150.09 Date: 6/30/2008
Perf: $1,205.42 Date: 5/31/2008
Perf: $1,174.07 Date: 4/30/2008
Perf: $1,150.37 Date: 3/31/2008
Perf: $1,163.75 Date: 2/29/2008
Perf: $1,168.90 Date: 1/31/2008
Perf: $1,105.97 Date: 12/31/2007
Perf: $1,086.20 Date: 11/30/2007
Perf: $1,088.70 Date: 10/31/2007
Perf: $1,095.83 Date: 9/30/2007
Perf: $1,050.55 Date: 8/31/2007
Perf: $1,003.68 Date: 7/31/2007
Perf: $1,042.56 Date: 6/30/2007
Perf: $1,075.81 Date: 5/31/2007
Perf: $1,045.59 Date: 4/30/2007
Perf: $1,009.55 Date: 3/31/2007
Perf: $968.86 Date: 2/28/2007
Perf: $992.07 Date: 1/31/2007
Perf: $1,030.72 Date: 12/31/2006
Perf: $1,013.39 Date: 11/30/2006
Perf: $980.26 Date: 10/31/2006
Perf: $956.82 Date: 9/30/2006
Perf: $946.41 Date: 8/31/2006
Perf: $956.55 Date: 7/31/2006
Perf: $945.95 Date: 6/30/2006
Perf: $960.16 Date: 5/31/2006
Perf: $973.50 Date: 4/30/2006
Perf: $1,000.00 Date: 8/31/2017
Perf: $2,403.48 Date: 7/31/2017
Perf: $2,396.06 Date: 6/30/2017
Perf: $2,347.69 Date: 5/31/2017
Perf: $2,333.23 Date: 4/30/2017
Perf: $2,300.79 Date: 3/31/2017
Perf: $2,277.33 Date: 2/28/2017
Perf: $2,274.60 Date: 1/31/2017
Perf: $2,187.75 Date: 12/31/2016
Perf: $2,146.96 Date: 11/30/2016
Perf: $2,105.27 Date: 10/31/2016
Perf: $2,030.16 Date: 9/30/2016
Perf: $2,067.79 Date: 8/31/2016
Perf: $2,067.38 Date: 7/31/2016
Perf: $2,064.49 Date: 6/30/2016
Perf: $1,991.02 Date: 5/31/2016
Perf: $1,985.85 Date: 4/30/2016
Perf: $1,950.74 Date: 3/31/2016
Perf: $1,943.16 Date: 2/29/2016
Perf: $1,819.78 Date: 1/31/2016
Perf: $1,822.15 Date: 12/31/2015
Perf: $1,917.24 Date: 11/30/2015
Perf: $1,948.02 Date: 10/31/2015
Perf: $1,942.20 Date: 9/30/2015
Perf: $1,791.03 Date: 8/31/2015
Perf: $1,836.39 Date: 7/31/2015
Perf: $1,954.23 Date: 6/30/2015
Perf: $1,914.04 Date: 5/31/2015
Perf: $1,951.90 Date: 4/30/2015
Perf: $1,927.05 Date: 3/31/2015
Perf: $1,908.72 Date: 2/28/2015
Perf: $1,939.36 Date: 1/31/2015
Perf: $1,833.91 Date: 12/31/2014
Perf: $1,890.63 Date: 11/30/2014
Perf: $1,895.37 Date: 10/31/2014
Perf: $1,845.72 Date: 9/30/2014
Perf: $1,801.76 Date: 8/31/2014
Perf: $1,827.34 Date: 7/31/2014
Perf: $1,757.06 Date: 6/30/2014
Perf: $1,781.65 Date: 5/31/2014
Perf: $1,745.51 Date: 4/30/2014
Perf: $1,705.44 Date: 3/31/2014
Perf: $1,692.91 Date: 2/28/2014
Perf: $1,678.81 Date: 1/31/2014
Perf: $1,605.44 Date: 12/31/2013
Perf: $1,662.98 Date: 11/30/2013
Perf: $1,621.94 Date: 10/31/2013
Perf: $1,573.94 Date: 9/30/2013
Perf: $1,504.72 Date: 8/31/2013
Perf: $1,458.91 Date: 7/31/2013
Perf: $1,502.48 Date: 6/30/2013
Perf: $1,429.71 Date: 5/31/2013
Perf: $1,449.13 Date: 4/30/2013
Perf: $1,415.99 Date: 3/31/2013
Perf: $1,389.18 Date: 2/28/2013
Perf: $1,338.97 Date: 1/31/2013
Perf: $1,321.01 Date: 12/31/2012
Perf: $1,255.95 Date: 11/30/2012
Perf: $1,244.62 Date: 10/31/2012
Perf: $1,237.44 Date: 9/30/2012
Perf: $1,260.77 Date: 8/31/2012
Perf: $1,229.06 Date: 7/31/2012
Perf: $1,202.01 Date: 6/30/2012
Perf: $1,185.53 Date: 5/31/2012
Perf: $1,138.62 Date: 4/30/2012
Perf: $1,211.43 Date: 3/31/2012
Perf: $1,219.11 Date: 2/29/2012
Perf: $1,180.28 Date: 1/31/2012
Perf: $1,131.40 Date: 12/31/2011
Perf: $1,082.89 Date: 11/30/2011
Perf: $1,071.96 Date: 10/31/2011
Perf: $1,074.32 Date: 9/30/2011
Perf: $968.47 Date: 8/31/2011
Perf: $1,041.70 Date: 7/31/2011
Perf: $1,101.51 Date: 6/30/2011
Perf: $1,124.33 Date: 5/31/2011
Perf: $1,143.43 Date: 4/30/2011
Perf: $1,156.50 Date: 3/31/2011
Perf: $1,123.25 Date: 2/28/2011
Perf: $1,122.80 Date: 1/31/2011
Perf: $1,085.56 Date: 12/31/2010
Perf: $1,060.43 Date: 11/30/2010
Perf: $994.03 Date: 10/31/2010
Perf: $993.93 Date: 9/30/2010
Perf: $957.45 Date: 8/31/2010
Perf: $879.04 Date: 7/31/2010
Perf: $920.56 Date: 6/30/2010
Perf: $860.26 Date: 5/31/2010
Perf: $907.73 Date: 4/30/2010
Perf: $986.56 Date: 3/31/2010
Perf: $971.21 Date: 2/28/2010
Perf: $915.98 Date: 1/31/2010
Perf: $888.44 Date: 12/31/2009
Perf: $921.61 Date: 11/30/2009
Perf: $904.16 Date: 10/31/2009
Perf: $852.98 Date: 9/30/2009
Perf: $869.15 Date: 8/31/2009
Perf: $837.90 Date: 7/31/2009
Perf: $808.70 Date: 6/30/2009
Perf: $751.86 Date: 5/31/2009
Perf: $750.36 Date: 4/30/2009
Perf: $710.64 Date: 3/31/2009
Perf: $648.57 Date: 2/28/2009
Perf: $596.33 Date: 1/31/2009
Perf: $667.41 Date: 12/31/2008
Perf: $728.85 Date: 11/30/2008
Perf: $721.21 Date: 10/31/2008
Perf: $776.99 Date: 9/30/2008
Perf: $933.78 Date: 8/31/2008
Perf: $1,025.11 Date: 7/31/2008
Perf: $1,010.46 Date: 6/30/2008
Perf: $1,019.02 Date: 5/31/2008
Perf: $1,112.83 Date: 4/30/2008
Perf: $1,098.55 Date: 3/31/2008
Perf: $1,047.54 Date: 2/29/2008
Perf: $1,052.06 Date: 1/31/2008
Perf: $1,087.40 Date: 12/31/2007
Perf: $1,156.81 Date: 11/30/2007
Perf: $1,164.85 Date: 10/31/2007
Perf: $1,215.66 Date: 9/30/2007
Perf: $1,196.64 Date: 8/31/2007
Perf: $1,153.49 Date: 7/31/2007
Perf: $1,136.45 Date: 6/30/2007
Perf: $1,172.80 Date: 5/31/2007
Perf: $1,192.60 Date: 4/30/2007
Perf: $1,152.38 Date: 3/31/2007
Perf: $1,103.50 Date: 2/28/2007
Perf: $1,091.28 Date: 1/31/2007
Perf: $1,113.09 Date: 12/31/2006
Perf: $1,096.54 Date: 11/30/2006
Perf: $1,081.40 Date: 10/31/2006
Perf: $1,061.23 Date: 9/30/2006
Perf: $1,027.73 Date: 8/31/2006
Perf: $1,001.88 Date: 7/31/2006
Perf: $978.59 Date: 6/30/2006
Perf: $972.56 Date: 5/31/2006
Perf: $971.20 Date: 4/30/2006
Perf: $1,000.00 Date: 8/31/2017
Perf: $2,845.39 Date: 7/31/2017
Perf: $2,839.15 Date: 6/30/2017
Perf: $2,841.99 Date: 5/31/2017
Perf: $2,923.26 Date: 4/30/2017
Perf: $2,875.24 Date: 3/31/2017
Perf: $2,864.64 Date: 2/28/2017
Perf: $2,852.94 Date: 1/31/2017
Perf: $2,811.89 Date: 12/31/2016
Perf: $2,824.03 Date: 11/30/2016
Perf: $2,813.62 Date: 10/31/2016
Perf: $2,811.09 Date: 9/30/2016
Perf: $2,819.27 Date: 8/31/2016
Perf: $2,838.28 Date: 7/31/2016
Perf: $2,848.83 Date: 6/30/2016
Perf: $2,877.02 Date: 5/31/2016
Perf: $2,945.96 Date: 4/30/2016
Perf: $2,940.37 Date: 3/31/2016
Perf: $2,978.49 Date: 2/29/2016
Perf: $2,961.02 Date: 1/31/2016
Perf: $3,067.78 Date: 12/31/2015
Perf: $3,063.80 Date: 11/30/2015
Perf: $3,071.17 Date: 10/31/2015
Perf: $3,074.86 Date: 9/30/2015
Perf: $3,109.37 Date: 8/31/2015
Perf: $3,150.01 Date: 7/31/2015
Perf: $3,313.71 Date: 6/30/2015
Perf: $3,265.38 Date: 5/31/2015
Perf: $3,290.05 Date: 4/30/2015
Perf: $3,214.83 Date: 3/31/2015
Perf: $3,330.05 Date: 2/28/2015
Perf: $3,368.11 Date: 1/31/2015
Perf: $3,255.78 Date: 12/31/2014
Perf: $3,210.20 Date: 11/30/2014
Perf: $3,087.02 Date: 10/31/2014
Perf: $3,023.53 Date: 9/30/2014
Perf: $2,986.50 Date: 8/31/2014
Perf: $3,015.45 Date: 7/31/2014
Perf: $2,956.61 Date: 6/30/2014
Perf: $2,953.66 Date: 5/31/2014
Perf: $2,904.57 Date: 4/30/2014
Perf: $2,852.93 Date: 3/31/2014
Perf: $2,874.20 Date: 2/28/2014
Perf: $2,802.18 Date: 1/31/2014
Perf: $2,720.30 Date: 12/31/2013
Perf: $2,746.95 Date: 11/30/2013
Perf: $2,646.39 Date: 10/31/2013
Perf: $2,600.87 Date: 9/30/2013
Perf: $2,562.18 Date: 8/31/2013
Perf: $2,525.06 Date: 7/31/2013
Perf: $2,507.76 Date: 6/30/2013
Perf: $2,472.65 Date: 5/31/2013
Perf: $2,438.75 Date: 4/30/2013
Perf: $2,621.75 Date: 3/31/2013
Perf: $2,472.65 Date: 2/28/2013
Perf: $2,405.30 Date: 1/31/2013
Perf: $2,339.33 Date: 12/31/2012
Perf: $2,521.92 Date: 11/30/2012
Perf: $2,538.67 Date: 10/31/2012
Perf: $2,472.41 Date: 9/30/2012
Perf: $2,458.64 Date: 8/31/2012
Perf: $2,502.43 Date: 7/31/2012
Perf: $2,468.37 Date: 6/30/2012
Perf: $2,408.40 Date: 5/31/2012
Perf: $2,428.31 Date: 4/30/2012
Perf: $2,397.86 Date: 3/31/2012
Perf: $2,350.61 Date: 2/29/2012
Perf: $2,325.96 Date: 1/31/2012
Perf: $2,347.08 Date: 12/31/2011
Perf: $2,380.41 Date: 11/30/2011
Perf: $2,402.75 Date: 10/31/2011
Perf: $2,317.92 Date: 9/30/2011
Perf: $2,160.83 Date: 8/31/2011
Perf: $2,310.30 Date: 7/31/2011
Perf: $2,060.93 Date: 6/30/2011
Perf: $2,039.31 Date: 5/31/2011
Perf: $2,053.90 Date: 4/30/2011
Perf: $2,088.78 Date: 3/31/2011
Perf: $2,062.18 Date: 2/28/2011
Perf: $2,064.24 Date: 1/31/2011
Perf: $2,111.11 Date: 12/31/2010
Perf: $2,152.65 Date: 11/30/2010
Perf: $2,147.93 Date: 10/31/2010
Perf: $2,194.00 Date: 9/30/2010
Perf: $2,237.86 Date: 8/31/2010
Perf: $2,292.19 Date: 7/31/2010
Perf: $2,303.48 Date: 6/30/2010
Perf: $2,296.59 Date: 5/31/2010
Perf: $2,294.52 Date: 4/30/2010
Perf: $2,202.46 Date: 3/31/2010
Perf: $2,233.73 Date: 2/28/2010
Perf: $2,247.21 Date: 1/31/2010
Perf: $2,307.20 Date: 12/31/2009
Perf: $2,297.55 Date: 11/30/2009
Perf: $2,286.12 Date: 10/31/2009
Perf: $2,279.06 Date: 9/30/2009
Perf: $2,252.03 Date: 8/31/2009
Perf: $2,237.93 Date: 7/31/2009
Perf: $2,246.69 Date: 6/30/2009
Perf: $2,197.04 Date: 5/31/2009
Perf: $2,182.85 Date: 4/30/2009
Perf: $2,195.81 Date: 3/31/2009
Perf: $2,274.51 Date: 2/28/2009
Perf: $2,241.33 Date: 1/31/2009
Perf: $2,222.22 Date: 12/31/2008
Perf: $2,184.65 Date: 11/30/2008
Perf: $2,155.12 Date: 10/31/2008
Perf: $2,068.65 Date: 9/30/2008
Perf: $1,970.15 Date: 8/31/2008
Perf: $1,932.08 Date: 7/31/2008
Perf: $1,921.51 Date: 6/30/2008
Perf: $1,887.72 Date: 5/31/2008
Perf: $1,790.84 Date: 4/30/2008
Perf: $1,767.86 Date: 3/31/2008
Perf: $1,737.62 Date: 2/29/2008
Perf: $1,740.58 Date: 1/31/2008
Perf: $1,675.25 Date: 12/31/2007
Perf: $1,564.77 Date: 11/30/2007
Perf: $1,566.50 Date: 10/31/2007
Perf: $1,502.49 Date: 9/30/2007
Perf: $1,471.73 Date: 8/31/2007
Perf: $1,470.70 Date: 7/31/2007
Perf: $1,454.13 Date: 6/30/2007
Perf: $1,418.11 Date: 5/31/2007
Perf: $1,376.27 Date: 4/30/2007
Perf: $1,319.15 Date: 3/31/2007
Perf: $1,299.65 Date: 2/28/2007
Perf: $1,262.17 Date: 1/31/2007
Perf: $1,228.98 Date: 12/31/2006
Perf: $1,215.61 Date: 11/30/2006
Perf: $1,209.08 Date: 10/31/2006
Perf: $1,165.38 Date: 9/30/2006
Perf: $1,154.76 Date: 8/31/2006
Perf: $1,139.38 Date: 7/31/2006
Perf: $1,127.54 Date: 6/30/2006
Perf: $1,083.03 Date: 5/31/2006
Perf: $1,035.10 Date: 4/30/2006
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 04/06 - 08/17
Date: 8/31/2017
Return: 0.22 % Date: 7/31/2017
Return: -0.10 % Date: 6/30/2017
Return: -2.78 % Date: 5/31/2017
Return: 1.67 % Date: 4/30/2017
Return: 0.37 % Date: 3/31/2017
Return: 0.41 % Date: 2/28/2017
Return: 1.46 % Date: 1/31/2017
Return: -0.43 % Date: 12/31/2016
Return: 0.37 % Date: 11/30/2016
Return: 0.09 % Date: 10/31/2016
Return: -0.29 % Date: 9/30/2016
Return: -0.67 % Date: 8/31/2016
Return: -0.37 % Date: 7/31/2016
Return: -0.98 % Date: 6/30/2016
Return: -2.34 % Date: 5/31/2016
Return: 0.19 % Date: 4/30/2016
Return: -1.28 % Date: 3/31/2016
Return: 0.59 % Date: 2/29/2016
Return: -3.48 % Date: 1/31/2016
Return: 0.13 % Date: 12/31/2015
Return: -0.24 % Date: 11/30/2015
Return: -0.12 % Date: 10/31/2015
Return: -1.11 % Date: 9/30/2015
Return: -1.29 % Date: 8/31/2015
Return: -4.94 % Date: 7/31/2015
Return: 1.48 % Date: 6/30/2015
Return: -0.75 % Date: 5/31/2015
Return: 2.34 % Date: 4/30/2015
Return: -3.46 % Date: 3/31/2015
Return: -1.13 % Date: 2/28/2015
Return: 3.45 % Date: 1/31/2015
Return: 1.42 % Date: 12/31/2014
Return: 3.99 % Date: 11/30/2014
Return: 2.10 % Date: 10/31/2014
Return: 1.24 % Date: 9/30/2014
Return: -0.96 % Date: 8/31/2014
Return: 1.99 % Date: 7/31/2014
Return: 0.10 % Date: 6/30/2014
Return: 1.69 % Date: 5/31/2014
Return: 1.81 % Date: 4/30/2014
Return: -0.74 % Date: 3/31/2014
Return: 2.57 % Date: 2/28/2014
Return: 3.01 % Date: 1/31/2014
Return: -0.97 % Date: 12/31/2013
Return: 3.80 % Date: 11/30/2013
Return: 1.75 % Date: 10/31/2013
Return: 1.51 % Date: 9/30/2013
Return: 1.47 % Date: 8/31/2013
Return: 0.69 % Date: 7/31/2013
Return: 1.42 % Date: 6/30/2013
Return: 1.39 % Date: 5/31/2013
Return: -6.98 % Date: 4/30/2013
Return: 6.03 % Date: 3/31/2013
Return: 2.80 % Date: 2/28/2013
Return: 2.82 % Date: 1/31/2013
Return: -7.24 % Date: 12/31/2012
Return: -0.66 % Date: 11/30/2012
Return: 2.68 % Date: 10/31/2012
Return: 0.56 % Date: 9/30/2012
Return: -1.75 % Date: 8/31/2012
Return: 1.38 % Date: 7/31/2012
Return: 2.49 % Date: 6/30/2012
Return: -0.82 % Date: 5/31/2012
Return: 1.27 % Date: 4/30/2012
Return: 2.01 % Date: 3/31/2012
Return: 1.06 % Date: 2/29/2012
Return: -0.90 % Date: 1/31/2012
Return: -1.40 % Date: 12/31/2011
Return: -0.93 % Date: 11/30/2011
Return: 3.66 % Date: 10/31/2011
Return: 7.27 % Date: 9/30/2011
Return: -6.47 % Date: 8/31/2011
Return: 12.10 % Date: 7/31/2011
Return: 1.06 % Date: 6/30/2011
Return: -0.71 % Date: 5/31/2011
Return: -1.67 % Date: 4/30/2011
Return: 1.29 % Date: 3/31/2011
Return: -0.10 % Date: 2/28/2011
Return: -2.22 % Date: 1/31/2011
Return: -1.93 % Date: 12/31/2010
Return: 0.22 % Date: 11/30/2010
Return: -2.10 % Date: 10/31/2010
Return: -1.96 % Date: 9/30/2010
Return: -2.37 % Date: 8/31/2010
Return: -0.49 % Date: 7/31/2010
Return: 0.30 % Date: 6/30/2010
Return: 0.09 % Date: 5/31/2010
Return: 4.18 % Date: 4/30/2010
Return: -1.40 % Date: 3/31/2010
Return: -0.60 % Date: 2/28/2010
Return: -2.60 % Date: 1/31/2010
Return: 0.42 % Date: 12/31/2009
Return: 0.50 % Date: 11/30/2009
Return: 0.31 % Date: 10/31/2009
Return: 1.20 % Date: 9/30/2009
Return: 0.63 % Date: 8/31/2009
Return: -0.39 % Date: 7/31/2009
Return: 2.26 % Date: 6/30/2009
Return: 0.65 % Date: 5/31/2009
Return: -0.59 % Date: 4/30/2009
Return: -3.46 % Date: 3/31/2009
Return: 1.48 % Date: 2/28/2009
Return: 0.86 % Date: 1/31/2009
Return: 1.72 % Date: 12/31/2008
Return: 1.37 % Date: 11/30/2008
Return: 4.18 % Date: 10/31/2008
Return: 5.00 % Date: 9/30/2008
Return: 1.97 % Date: 8/31/2008
Return: 0.55 % Date: 7/31/2008
Return: 1.79 % Date: 6/30/2008
Return: 5.41 % Date: 5/31/2008
Return: 1.30 % Date: 4/30/2008
Return: 1.74 % Date: 3/31/2008
Return: -0.17 % Date: 2/29/2008
Return: 3.90 % Date: 1/31/2008
Return: 7.06 % Date: 12/31/2007
Return: -0.11 % Date: 11/30/2007
Return: 4.26 % Date: 10/31/2007
Return: 2.09 % Date: 9/30/2007
Return: 0.07 % Date: 8/31/2007
Return: 1.14 % Date: 7/31/2007
Return: 2.54 % Date: 6/30/2007
Return: 3.04 % Date: 5/31/2007
Return: 4.33 % Date: 4/30/2007
Return: 1.50 % Date: 3/31/2007
Return: 2.97 % Date: 2/28/2007
Return: 2.70 % Date: 1/31/2007
Return: 1.10 % Date: 12/31/2006
Return: 0.54 % Date: 11/30/2006
Return: 3.75 % Date: 10/31/2006
Return: 0.92 % Date: 9/30/2006
Return: 1.35 % Date: 8/31/2006
Return: 1.05 % Date: 7/31/2006
Return: 4.11 % Date: 6/30/2006
Return: 4.63 % Date: 5/31/2006
Return: 3.51 % Date: 4/30/2006
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 04/06 - 08/17
Return: -5.00 %
Count: 1 Return: 6.00 %
Count: 1 Return: -7.00 %
Count: 2 Return: -6.00 %
Count: 1 Return: 12.00 %
Count: 1 Return: -2.00 %
Count: 8 Return: -1.00 %
Count: 19 Return: -3.00 %
Count: 5 Return: 7.00 %
Count: 2 Return: 2.00 %
Count: 16 Return: 3.00 %
Count: 10 Return: 1.00 %
Count: 30 Return: 5.00 %
Count: 3 Return: 4.00 %
Count: 11 Return: 0.00 %
Count: 27
Note: All performance data is since program inception.

Underwater Curve
Date Range: 04/06 - 08/17
Date: 8/31/2017
Drawdown: -15.52 % Date: 7/31/2017
Drawdown: -15.70 % Date: 6/30/2017
Drawdown: -15.62 % Date: 5/31/2017
Drawdown: -13.21 % Date: 4/30/2017
Drawdown: -14.63 % Date: 3/31/2017
Drawdown: -14.95 % Date: 2/28/2017
Drawdown: -15.30 % Date: 1/31/2017
Drawdown: -16.51 % Date: 12/31/2016
Drawdown: -16.15 % Date: 11/30/2016
Drawdown: -16.46 % Date: 10/31/2016
Drawdown: -16.54 % Date: 9/30/2016
Drawdown: -16.30 % Date: 8/31/2016
Drawdown: -15.73 % Date: 7/31/2016
Drawdown: -15.42 % Date: 6/30/2016
Drawdown: -14.58 % Date: 5/31/2016
Drawdown: -12.53 % Date: 4/30/2016
Drawdown: -12.70 % Date: 3/31/2016
Drawdown: -11.57 % Date: 2/29/2016
Drawdown: -12.09 % Date: 1/31/2016
Drawdown: -8.92 % Date: 12/31/2015
Drawdown: -9.03 % Date: 11/30/2015
Drawdown: -8.82 % Date: 10/31/2015
Drawdown: -8.71 % Date: 9/30/2015
Drawdown: -7.68 % Date: 8/31/2015
Drawdown: -6.48 % Date: 7/31/2015
Drawdown: -1.62 % Date: 6/30/2015
Drawdown: -3.05 % Date: 5/31/2015
Drawdown: -2.32 % Date: 4/30/2015
Drawdown: -4.55 % Date: 3/31/2015
Drawdown: -1.13 % Date: 2/28/2015
Drawdown: 0.00 % 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: 0.00 % Date: 9/30/2014
Drawdown: -0.96 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: 0.00 % Date: 5/31/2014
Drawdown: 0.00 % Date: 4/30/2014
Drawdown: -0.74 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: -0.97 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: -0.80 % Date: 9/30/2013
Drawdown: -2.27 % Date: 8/31/2013
Drawdown: -3.69 % Date: 7/31/2013
Drawdown: -4.35 % Date: 6/30/2013
Drawdown: -5.69 % Date: 5/31/2013
Drawdown: -6.98 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: -2.60 % Date: 2/28/2013
Drawdown: -5.25 % Date: 1/31/2013
Drawdown: -7.85 % Date: 12/31/2012
Drawdown: -0.66 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: -1.20 % Date: 9/30/2012
Drawdown: -1.75 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: -0.82 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: -0.20 % Date: 3/31/2012
Drawdown: -2.17 % Date: 2/29/2012
Drawdown: -3.20 % Date: 1/31/2012
Drawdown: -2.32 % Date: 12/31/2011
Drawdown: -0.93 % Date: 11/30/2011
Drawdown: 0.00 % Date: 10/31/2011
Drawdown: 0.00 % Date: 9/30/2011
Drawdown: -6.47 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -10.67 % Date: 6/30/2011
Drawdown: -11.61 % Date: 5/31/2011
Drawdown: -10.98 % Date: 4/30/2011
Drawdown: -9.47 % Date: 3/31/2011
Drawdown: -10.62 % Date: 2/28/2011
Drawdown: -10.53 % Date: 1/31/2011
Drawdown: -8.50 % Date: 12/31/2010
Drawdown: -6.70 % Date: 11/30/2010
Drawdown: -6.90 % Date: 10/31/2010
Drawdown: -4.91 % Date: 9/30/2010
Drawdown: -3.01 % Date: 8/31/2010
Drawdown: -0.65 % Date: 7/31/2010
Drawdown: -0.16 % Date: 6/30/2010
Drawdown: -0.46 % Date: 5/31/2010
Drawdown: -0.55 % Date: 4/30/2010
Drawdown: -4.54 % Date: 3/31/2010
Drawdown: -3.18 % Date: 2/28/2010
Drawdown: -2.60 % Date: 1/31/2010
Drawdown: 0.00 % Date: 12/31/2009
Drawdown: 0.00 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: 0.00 % Date: 9/30/2009
Drawdown: -0.99 % Date: 8/31/2009
Drawdown: -1.61 % Date: 7/31/2009
Drawdown: -1.22 % Date: 6/30/2009
Drawdown: -3.41 % Date: 5/31/2009
Drawdown: -4.03 % Date: 4/30/2009
Drawdown: -3.46 % Date: 3/31/2009
Drawdown: 0.00 % 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: 0.00 % Date: 9/30/2008
Drawdown: 0.00 % Date: 8/31/2008
Drawdown: 0.00 % Date: 7/31/2008
Drawdown: 0.00 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: -0.17 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: -0.11 % 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: 0.00 % Date: 7/31/2007
Drawdown: 0.00 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: 0.00 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: 0.00 % Date: 9/30/2006
Drawdown: 0.00 % Date: 8/31/2006
Drawdown: 0.00 % Date: 7/31/2006
Drawdown: 0.00 % Date: 6/30/2006
Drawdown: 0.00 % Date: 5/31/2006
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Quantmetrics Capital Management, LLP
Address: 1 Red Place
City: London
State:
Zip: W1K 6PL
Country: United Kingdom
Key People
Name:  Dr. Mushtaq Shah
Position:  Principal
Biography: 


Name:  James Fowler
Position:  Principal
Biography: 


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.