Altegris Clearing Solutions Trigon Investment Advisors, LLC Trigon Discretionary Macro Program *QEP*
Monthly Performance (%)
Date Range: 07/07 - 09/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -2.60 0.43 -0.24 -0.95 -1.64 0.05 -0.86 -1.69 0.67 -6.67
2016 -2.87 -1.56 -1.58 -1.32 1.42 -4.10 -1.09 0.55 -1.77 0.46 5.94 1.35 -4.82
2015 3.33 -0.81 2.45 -1.22 0.95 -2.22 1.69 -0.24 -1.26 -1.49 2.80 -0.23 3.62
2014 -0.46 -1.78 1.32 -2.02 0.18 -1.51 1.50 0.04 8.66 1.26 1.97 0.87 10.05
2013 1.71 -0.04 0.56 0.84 4.13 1.77 -1.29 -0.82 -0.78 -0.11 1.21 -0.03 7.26
2012 0.91 1.58 1.20 -1.74 -0.71 -0.85 -0.54 -1.28 0.82 -0.14 0.60 1.37 1.16
2011 -0.83 -0.42 -1.05 -2.94 0.97 -1.46 -1.86 -0.31 -0.24 -1.21 -0.93 0.72 -9.21
2010 -1.67 1.35 0.71 -0.19 1.71 -3.20 -0.05 -1.50 -0.37 0.32 0.43 1.57 -1.00
2009 -0.69 0.28 1.41 1.95 3.86 -0.72 3.10 -0.75 0.00 -2.02 0.90 0.94 8.41
2008 -0.06 -0.73 0.06 1.87 -0.10 -2.69 4.77 4.55 1.24 1.02 0.08 1.61 11.99
2007 -3.30 1.49 -0.76 0.63 -0.63 -2.61
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Discretionary Macro Program (DMP) allocates its capital to Trigon's two discretionary strategies: the Short-Term Rates Strategy, a discretionary strategy that aims to profit from trend, counter-trend and relative (spread) movement in short-term interest rates; and its Opportunistic Strategy, a discretionary strategy that aims to profit from directional movement in equity indices, commodities, currencies and long-term interest rates. These strategies use analysis of economic data and market conditions to formulate top-down investment themes expected to materialize over the coming weeks to several months. The DMP seeks to achieve long-term capital appreciation with less volatility than trend-following CTAs while exhibiting low correlation with equity indices and systematic trading strategies.

Performance Statistics
Date Range: 07/07 - 09/17
  Program SP500 TR Altegris 40
Total Return 16.80% 109.16% 15.70%
Annualized Return 1.54% 7.46% 1.43%
Annualized Std. Deviation 6.43% 14.97% 9.02%
Correlation 0.12 0.00
Sharpe Ratio (rf=2.5%) -0.15 0.33 -0.12
Worst Month -4.10% -16.79% -5.20%
Date of Worst Month 06/2016 10/2008 06/2015
Worst Drawdown -13.09% -50.95% -15.74%
Date of Worst Drawdown 5/10 - 8/12 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 07/07 - 09/17
Year or YTD Program SP500 TR Altegris 40
2017 -6.67 14.25 -4.00
2016 -4.82 11.98 -3.13
2015 3.62 1.41 0.09
2014 10.05 13.69 15.75
2013 7.26 32.41 -2.45
2012 1.16 15.98 -4.75
2011 -9.21 2.12 -3.23
2010 -1.00 15.06 11.33
2009 8.41 26.45 -7.98
2008 11.99 -36.99 15.47
2007 -2.61 1.79 4.19
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 07/07 - 09/17
Date: 9/30/2017
Perf: $1,193.94 Date: 8/31/2017
Perf: $1,219.67 Date: 7/31/2017
Perf: $1,199.76 Date: 6/30/2017
Perf: $1,195.10 Date: 5/31/2017
Perf: $1,231.04 Date: 4/30/2017
Perf: $1,228.71 Date: 3/31/2017
Perf: $1,236.13 Date: 2/28/2017
Perf: $1,254.44 Date: 1/31/2017
Perf: $1,227.68 Date: 12/31/2016
Perf: $1,243.72 Date: 11/30/2016
Perf: $1,234.34 Date: 10/31/2016
Perf: $1,248.07 Date: 9/30/2016
Perf: $1,281.12 Date: 8/31/2016
Perf: $1,297.87 Date: 7/31/2016
Perf: $1,333.74 Date: 6/30/2016
Perf: $1,320.28 Date: 5/31/2016
Perf: $1,266.45 Date: 4/30/2016
Perf: $1,289.01 Date: 3/31/2016
Perf: $1,322.20 Date: 2/29/2016
Perf: $1,361.26 Date: 1/31/2016
Perf: $1,328.58 Date: 12/31/2015
Perf: $1,283.90 Date: 11/30/2015
Perf: $1,314.13 Date: 10/31/2015
Perf: $1,270.79 Date: 9/30/2015
Perf: $1,293.30 Date: 8/31/2015
Perf: $1,265.83 Date: 7/31/2015
Perf: $1,288.11 Date: 6/30/2015
Perf: $1,239.64 Date: 5/31/2015
Perf: $1,307.64 Date: 4/30/2015
Perf: $1,317.12 Date: 3/31/2015
Perf: $1,370.00 Date: 2/28/2015
Perf: $1,340.38 Date: 1/31/2015
Perf: $1,342.53 Date: 12/31/2014
Perf: $1,282.75 Date: 11/30/2014
Perf: $1,260.57 Date: 10/31/2014
Perf: $1,189.78 Date: 9/30/2014
Perf: $1,172.54 Date: 8/31/2014
Perf: $1,155.33 Date: 7/31/2014
Perf: $1,108.44 Date: 6/30/2014
Perf: $1,117.38 Date: 5/31/2014
Perf: $1,107.85 Date: 4/30/2014
Perf: $1,080.20 Date: 3/31/2014
Perf: $1,072.05 Date: 2/28/2014
Perf: $1,088.15 Date: 1/31/2014
Perf: $1,079.30 Date: 12/31/2013
Perf: $1,108.23 Date: 11/30/2013
Perf: $1,109.78 Date: 10/31/2013
Perf: $1,090.05 Date: 9/30/2013
Perf: $1,065.65 Date: 8/31/2013
Perf: $1,072.08 Date: 7/31/2013
Perf: $1,093.07 Date: 6/30/2013
Perf: $1,102.66 Date: 5/31/2013
Perf: $1,146.10 Date: 4/30/2013
Perf: $1,197.60 Date: 3/31/2013
Perf: $1,167.47 Date: 2/28/2013
Perf: $1,150.90 Date: 1/31/2013
Perf: $1,157.62 Date: 12/31/2012
Perf: $1,136.03 Date: 11/30/2012
Perf: $1,130.49 Date: 10/31/2012
Perf: $1,127.34 Date: 9/30/2012
Perf: $1,169.68 Date: 8/31/2012
Perf: $1,189.30 Date: 7/31/2012
Perf: $1,205.70 Date: 6/30/2012
Perf: $1,158.32 Date: 5/31/2012
Perf: $1,203.58 Date: 4/30/2012
Perf: $1,181.14 Date: 3/31/2012
Perf: $1,174.09 Date: 2/29/2012
Perf: $1,201.36 Date: 1/31/2012
Perf: $1,196.46 Date: 12/31/2011
Perf: $1,192.64 Date: 11/30/2011
Perf: $1,181.30 Date: 10/31/2011
Perf: $1,177.77 Date: 9/30/2011
Perf: $1,226.33 Date: 8/31/2011
Perf: $1,227.07 Date: 7/31/2011
Perf: $1,229.52 Date: 6/30/2011
Perf: $1,186.91 Date: 5/31/2011
Perf: $1,218.60 Date: 4/30/2011
Perf: $1,264.76 Date: 3/31/2011
Perf: $1,217.29 Date: 2/28/2011
Perf: $1,236.20 Date: 1/31/2011
Perf: $1,215.54 Date: 12/31/2010
Perf: $1,232.42 Date: 11/30/2010
Perf: $1,181.73 Date: 10/31/2010
Perf: $1,225.09 Date: 9/30/2010
Perf: $1,179.34 Date: 8/31/2010
Perf: $1,158.26 Date: 7/31/2010
Perf: $1,112.21 Date: 6/30/2010
Perf: $1,126.74 Date: 5/31/2010
Perf: $1,122.48 Date: 4/30/2010
Perf: $1,150.32 Date: 3/31/2010
Perf: $1,132.87 Date: 2/28/2010
Perf: $1,089.61 Date: 1/31/2010
Perf: $1,079.47 Date: 12/31/2009
Perf: $1,107.03 Date: 11/30/2009
Perf: $1,153.16 Date: 10/31/2009
Perf: $1,108.49 Date: 9/30/2009
Perf: $1,137.61 Date: 8/31/2009
Perf: $1,111.16 Date: 7/31/2009
Perf: $1,107.51 Date: 6/30/2009
Perf: $1,108.73 Date: 5/31/2009
Perf: $1,139.03 Date: 4/30/2009
Perf: $1,123.52 Date: 3/31/2009
Perf: $1,161.50 Date: 2/28/2009
Perf: $1,194.59 Date: 1/31/2009
Perf: $1,195.19 Date: 12/31/2008
Perf: $1,203.01 Date: 11/30/2008
Perf: $1,172.87 Date: 10/31/2008
Perf: $1,131.35 Date: 9/30/2008
Perf: $1,075.94 Date: 8/31/2008
Perf: $1,073.68 Date: 7/31/2008
Perf: $1,103.13 Date: 6/30/2008
Perf: $1,156.20 Date: 5/31/2008
Perf: $1,126.14 Date: 4/30/2008
Perf: $1,103.41 Date: 3/31/2008
Perf: $1,116.24 Date: 2/29/2008
Perf: $1,121.18 Date: 1/31/2008
Perf: $1,060.82 Date: 12/31/2007
Perf: $1,041.85 Date: 11/30/2007
Perf: $1,044.26 Date: 10/31/2007
Perf: $1,051.09 Date: 9/30/2007
Perf: $1,007.66 Date: 8/31/2007
Perf: $962.70 Date: 7/31/2007
Perf: $1,000.00 Date: 9/30/2017
Perf: $2,158.48 Date: 8/31/2017
Perf: $2,114.91 Date: 7/31/2017
Perf: $2,108.37 Date: 6/30/2017
Perf: $2,065.82 Date: 5/31/2017
Perf: $2,053.09 Date: 4/30/2017
Perf: $2,024.54 Date: 3/31/2017
Perf: $2,003.90 Date: 2/28/2017
Perf: $2,001.50 Date: 1/31/2017
Perf: $1,925.08 Date: 12/31/2016
Perf: $1,889.18 Date: 11/30/2016
Perf: $1,852.50 Date: 10/31/2016
Perf: $1,786.40 Date: 9/30/2016
Perf: $1,819.52 Date: 8/31/2016
Perf: $1,819.16 Date: 7/31/2016
Perf: $1,816.61 Date: 6/30/2016
Perf: $1,751.96 Date: 5/31/2016
Perf: $1,747.42 Date: 4/30/2016
Perf: $1,716.52 Date: 3/31/2016
Perf: $1,709.86 Date: 2/29/2016
Perf: $1,601.29 Date: 1/31/2016
Perf: $1,603.37 Date: 12/31/2015
Perf: $1,687.05 Date: 11/30/2015
Perf: $1,714.13 Date: 10/31/2015
Perf: $1,709.01 Date: 9/30/2015
Perf: $1,575.99 Date: 8/31/2015
Perf: $1,615.91 Date: 7/31/2015
Perf: $1,719.60 Date: 6/30/2015
Perf: $1,684.23 Date: 5/31/2015
Perf: $1,717.55 Date: 4/30/2015
Perf: $1,695.67 Date: 3/31/2015
Perf: $1,679.55 Date: 2/28/2015
Perf: $1,706.51 Date: 1/31/2015
Perf: $1,613.72 Date: 12/31/2014
Perf: $1,663.63 Date: 11/30/2014
Perf: $1,667.80 Date: 10/31/2014
Perf: $1,624.11 Date: 9/30/2014
Perf: $1,585.43 Date: 8/31/2014
Perf: $1,607.94 Date: 7/31/2014
Perf: $1,546.10 Date: 6/30/2014
Perf: $1,567.73 Date: 5/31/2014
Perf: $1,535.94 Date: 4/30/2014
Perf: $1,500.67 Date: 3/31/2014
Perf: $1,489.65 Date: 2/28/2014
Perf: $1,477.24 Date: 1/31/2014
Perf: $1,412.68 Date: 12/31/2013
Perf: $1,463.31 Date: 11/30/2013
Perf: $1,427.20 Date: 10/31/2013
Perf: $1,384.96 Date: 9/30/2013
Perf: $1,324.06 Date: 8/31/2013
Perf: $1,283.75 Date: 7/31/2013
Perf: $1,322.09 Date: 6/30/2013
Perf: $1,258.05 Date: 5/31/2013
Perf: $1,275.14 Date: 4/30/2013
Perf: $1,245.98 Date: 3/31/2013
Perf: $1,222.39 Date: 2/28/2013
Perf: $1,178.21 Date: 1/31/2013
Perf: $1,162.40 Date: 12/31/2012
Perf: $1,105.15 Date: 11/30/2012
Perf: $1,095.19 Date: 10/31/2012
Perf: $1,088.87 Date: 9/30/2012
Perf: $1,109.39 Date: 8/31/2012
Perf: $1,081.49 Date: 7/31/2012
Perf: $1,057.69 Date: 6/30/2012
Perf: $1,043.19 Date: 5/31/2012
Perf: $1,001.91 Date: 4/30/2012
Perf: $1,065.98 Date: 3/31/2012
Perf: $1,072.74 Date: 2/29/2012
Perf: $1,038.57 Date: 1/31/2012
Perf: $995.56 Date: 12/31/2011
Perf: $952.87 Date: 11/30/2011
Perf: $943.25 Date: 10/31/2011
Perf: $945.33 Date: 9/30/2011
Perf: $852.19 Date: 8/31/2011
Perf: $916.63 Date: 7/31/2011
Perf: $969.26 Date: 6/30/2011
Perf: $989.34 Date: 5/31/2011
Perf: $1,006.14 Date: 4/30/2011
Perf: $1,017.64 Date: 3/31/2011
Perf: $988.39 Date: 2/28/2011
Perf: $987.99 Date: 1/31/2011
Perf: $955.23 Date: 12/31/2010
Perf: $933.11 Date: 11/30/2010
Perf: $874.68 Date: 10/31/2010
Perf: $874.59 Date: 9/30/2010
Perf: $842.50 Date: 8/31/2010
Perf: $773.50 Date: 7/31/2010
Perf: $810.03 Date: 6/30/2010
Perf: $756.97 Date: 5/31/2010
Perf: $798.74 Date: 4/30/2010
Perf: $868.10 Date: 3/31/2010
Perf: $854.60 Date: 2/28/2010
Perf: $806.00 Date: 1/31/2010
Perf: $781.77 Date: 12/31/2009
Perf: $810.96 Date: 11/30/2009
Perf: $795.60 Date: 10/31/2009
Perf: $750.57 Date: 9/30/2009
Perf: $764.80 Date: 8/31/2009
Perf: $737.29 Date: 7/31/2009
Perf: $711.61 Date: 6/30/2009
Perf: $661.59 Date: 5/31/2009
Perf: $660.27 Date: 4/30/2009
Perf: $625.31 Date: 3/31/2009
Perf: $570.70 Date: 2/28/2009
Perf: $524.73 Date: 1/31/2009
Perf: $587.28 Date: 12/31/2008
Perf: $641.34 Date: 11/30/2008
Perf: $634.61 Date: 10/31/2008
Perf: $683.70 Date: 9/30/2008
Perf: $821.66 Date: 8/31/2008
Perf: $902.03 Date: 7/31/2008
Perf: $889.14 Date: 6/30/2008
Perf: $896.67 Date: 5/31/2008
Perf: $979.22 Date: 4/30/2008
Perf: $966.65 Date: 3/31/2008
Perf: $921.76 Date: 2/29/2008
Perf: $925.74 Date: 1/31/2008
Perf: $956.84 Date: 12/31/2007
Perf: $1,017.92 Date: 11/30/2007
Perf: $1,024.99 Date: 10/31/2007
Perf: $1,069.70 Date: 9/30/2007
Perf: $1,052.96 Date: 8/31/2007
Perf: $1,015.00 Date: 7/31/2007
Perf: $1,000.00 Date: 9/30/2017
Perf: $1,167.98 Date: 8/31/2017
Perf: $1,160.20 Date: 7/31/2017
Perf: $1,180.15 Date: 6/30/2017
Perf: $1,190.38 Date: 5/31/2017
Perf: $1,189.79 Date: 4/30/2017
Perf: $1,209.63 Date: 3/31/2017
Perf: $1,221.23 Date: 2/28/2017
Perf: $1,224.17 Date: 1/31/2017
Perf: $1,218.93 Date: 12/31/2016
Perf: $1,251.46 Date: 11/30/2016
Perf: $1,234.79 Date: 10/31/2016
Perf: $1,165.56 Date: 9/30/2016
Perf: $1,160.22 Date: 8/31/2016
Perf: $1,181.13 Date: 7/31/2016
Perf: $1,174.67 Date: 6/30/2016
Perf: $1,187.61 Date: 5/31/2016
Perf: $1,238.39 Date: 4/30/2016
Perf: $1,221.05 Date: 3/31/2016
Perf: $1,237.38 Date: 2/29/2016
Perf: $1,257.25 Date: 1/31/2016
Perf: $1,277.17 Date: 12/31/2015
Perf: $1,314.91 Date: 11/30/2015
Perf: $1,317.94 Date: 10/31/2015
Perf: $1,282.04 Date: 9/30/2015
Perf: $1,301.43 Date: 8/31/2015
Perf: $1,318.04 Date: 7/31/2015
Perf: $1,321.21 Date: 6/30/2015
Perf: $1,299.25 Date: 5/31/2015
Perf: $1,328.75 Date: 4/30/2015
Perf: $1,316.25 Date: 3/31/2015
Perf: $1,332.50 Date: 2/28/2015
Perf: $1,300.64 Date: 1/31/2015
Perf: $1,311.26 Date: 12/31/2014
Perf: $1,269.00 Date: 11/30/2014
Perf: $1,258.06 Date: 10/31/2014
Perf: $1,233.75 Date: 9/30/2014
Perf: $1,218.40 Date: 8/31/2014
Perf: $1,121.30 Date: 7/31/2014
Perf: $1,120.85 Date: 6/30/2014
Perf: $1,104.28 Date: 5/31/2014
Perf: $1,121.21 Date: 4/30/2014
Perf: $1,119.20 Date: 3/31/2014
Perf: $1,142.27 Date: 2/28/2014
Perf: $1,127.39 Date: 1/31/2014
Perf: $1,147.82 Date: 12/31/2013
Perf: $1,153.13 Date: 11/30/2013
Perf: $1,153.47 Date: 10/31/2013
Perf: $1,139.68 Date: 9/30/2013
Perf: $1,140.94 Date: 8/31/2013
Perf: $1,149.91 Date: 7/31/2013
Perf: $1,159.41 Date: 6/30/2013
Perf: $1,174.57 Date: 5/31/2013
Perf: $1,154.14 Date: 4/30/2013
Perf: $1,108.36 Date: 3/31/2013
Perf: $1,099.13 Date: 2/28/2013
Perf: $1,093.01 Date: 1/31/2013
Perf: $1,093.45 Date: 12/31/2012
Perf: $1,075.06 Date: 11/30/2012
Perf: $1,060.53 Date: 10/31/2012
Perf: $1,054.21 Date: 9/30/2012
Perf: $1,055.69 Date: 8/31/2012
Perf: $1,047.10 Date: 7/31/2012
Perf: $1,060.68 Date: 6/30/2012
Perf: $1,066.44 Date: 5/31/2012
Perf: $1,075.58 Date: 4/30/2012
Perf: $1,083.27 Date: 3/31/2012
Perf: $1,102.45 Date: 2/29/2012
Perf: $1,089.38 Date: 1/31/2012
Perf: $1,072.43 Date: 12/31/2011
Perf: $1,062.76 Date: 11/30/2011
Perf: $1,055.17 Date: 10/31/2011
Perf: $1,065.07 Date: 9/30/2011
Perf: $1,078.12 Date: 8/31/2011
Perf: $1,080.71 Date: 7/31/2011
Perf: $1,084.07 Date: 6/30/2011
Perf: $1,104.62 Date: 5/31/2011
Perf: $1,120.98 Date: 4/30/2011
Perf: $1,110.21 Date: 3/31/2011
Perf: $1,143.84 Date: 2/28/2011
Perf: $1,155.98 Date: 1/31/2011
Perf: $1,160.86 Date: 12/31/2010
Perf: $1,170.57 Date: 11/30/2010
Perf: $1,152.48 Date: 10/31/2010
Perf: $1,147.54 Date: 9/30/2010
Perf: $1,143.88 Date: 8/31/2010
Perf: $1,148.13 Date: 7/31/2010
Perf: $1,165.62 Date: 6/30/2010
Perf: $1,166.20 Date: 5/31/2010
Perf: $1,204.75 Date: 4/30/2010
Perf: $1,184.50 Date: 3/31/2010
Perf: $1,186.75 Date: 2/28/2010
Perf: $1,178.38 Date: 1/31/2010
Perf: $1,162.69 Date: 12/31/2009
Perf: $1,182.43 Date: 11/30/2009
Perf: $1,171.42 Date: 10/31/2009
Perf: $1,160.97 Date: 9/30/2009
Perf: $1,184.91 Date: 8/31/2009
Perf: $1,184.91 Date: 7/31/2009
Perf: $1,193.86 Date: 6/30/2009
Perf: $1,157.97 Date: 5/31/2009
Perf: $1,166.36 Date: 4/30/2009
Perf: $1,123.02 Date: 3/31/2009
Perf: $1,101.54 Date: 2/28/2009
Perf: $1,086.22 Date: 1/31/2009
Perf: $1,083.19 Date: 12/31/2008
Perf: $1,090.71 Date: 11/30/2008
Perf: $1,073.43 Date: 10/31/2008
Perf: $1,072.57 Date: 9/30/2008
Perf: $1,061.74 Date: 8/31/2008
Perf: $1,048.74 Date: 7/31/2008
Perf: $1,003.10 Date: 6/30/2008
Perf: $957.43 Date: 5/31/2008
Perf: $983.90 Date: 4/30/2008
Perf: $984.88 Date: 3/31/2008
Perf: $966.80 Date: 2/29/2008
Perf: $966.22 Date: 1/31/2008
Perf: $973.33 Date: 12/31/2007
Perf: $973.91 Date: 11/30/2007
Perf: $980.09 Date: 10/31/2007
Perf: $973.95 Date: 9/30/2007
Perf: $981.41 Date: 8/31/2007
Perf: $967.00 Date: 7/31/2007
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 07/07 - 09/17
Date: 9/30/2017
Return: 0.67 % Date: 8/31/2017
Return: -1.69 % Date: 7/31/2017
Return: -0.86 % Date: 6/30/2017
Return: 0.05 % Date: 5/31/2017
Return: -1.64 % Date: 4/30/2017
Return: -0.95 % Date: 3/31/2017
Return: -0.24 % Date: 2/28/2017
Return: 0.43 % Date: 1/31/2017
Return: -2.60 % Date: 12/31/2016
Return: 1.35 % Date: 11/30/2016
Return: 5.94 % Date: 10/31/2016
Return: 0.46 % Date: 9/30/2016
Return: -1.77 % Date: 8/31/2016
Return: 0.55 % Date: 7/31/2016
Return: -1.09 % Date: 6/30/2016
Return: -4.10 % Date: 5/31/2016
Return: 1.42 % Date: 4/30/2016
Return: -1.32 % Date: 3/31/2016
Return: -1.58 % Date: 2/29/2016
Return: -1.56 % Date: 1/31/2016
Return: -2.87 % Date: 12/31/2015
Return: -0.23 % Date: 11/30/2015
Return: 2.80 % Date: 10/31/2015
Return: -1.49 % Date: 9/30/2015
Return: -1.26 % Date: 8/31/2015
Return: -0.24 % Date: 7/31/2015
Return: 1.69 % Date: 6/30/2015
Return: -2.22 % Date: 5/31/2015
Return: 0.95 % Date: 4/30/2015
Return: -1.22 % Date: 3/31/2015
Return: 2.45 % Date: 2/28/2015
Return: -0.81 % Date: 1/31/2015
Return: 3.33 % Date: 12/31/2014
Return: 0.87 % Date: 11/30/2014
Return: 1.97 % Date: 10/31/2014
Return: 1.26 % Date: 9/30/2014
Return: 8.66 % Date: 8/31/2014
Return: 0.04 % Date: 7/31/2014
Return: 1.50 % Date: 6/30/2014
Return: -1.51 % Date: 5/31/2014
Return: 0.18 % Date: 4/30/2014
Return: -2.02 % Date: 3/31/2014
Return: 1.32 % Date: 2/28/2014
Return: -1.78 % Date: 1/31/2014
Return: -0.46 % Date: 12/31/2013
Return: -0.03 % Date: 11/30/2013
Return: 1.21 % Date: 10/31/2013
Return: -0.11 % Date: 9/30/2013
Return: -0.78 % Date: 8/31/2013
Return: -0.82 % Date: 7/31/2013
Return: -1.29 % Date: 6/30/2013
Return: 1.77 % Date: 5/31/2013
Return: 4.13 % Date: 4/30/2013
Return: 0.84 % Date: 3/31/2013
Return: 0.56 % Date: 2/28/2013
Return: -0.04 % Date: 1/31/2013
Return: 1.71 % Date: 12/31/2012
Return: 1.37 % Date: 11/30/2012
Return: 0.60 % Date: 10/31/2012
Return: -0.14 % Date: 9/30/2012
Return: 0.82 % Date: 8/31/2012
Return: -1.28 % Date: 7/31/2012
Return: -0.54 % Date: 6/30/2012
Return: -0.85 % Date: 5/31/2012
Return: -0.71 % Date: 4/30/2012
Return: -1.74 % Date: 3/31/2012
Return: 1.20 % Date: 2/29/2012
Return: 1.58 % Date: 1/31/2012
Return: 0.91 % Date: 12/31/2011
Return: 0.72 % Date: 11/30/2011
Return: -0.93 % Date: 10/31/2011
Return: -1.21 % Date: 9/30/2011
Return: -0.24 % Date: 8/31/2011
Return: -0.31 % Date: 7/31/2011
Return: -1.86 % Date: 6/30/2011
Return: -1.46 % Date: 5/31/2011
Return: 0.97 % Date: 4/30/2011
Return: -2.94 % Date: 3/31/2011
Return: -1.05 % Date: 2/28/2011
Return: -0.42 % Date: 1/31/2011
Return: -0.83 % Date: 12/31/2010
Return: 1.57 % Date: 11/30/2010
Return: 0.43 % Date: 10/31/2010
Return: 0.32 % Date: 9/30/2010
Return: -0.37 % Date: 8/31/2010
Return: -1.50 % Date: 7/31/2010
Return: -0.05 % Date: 6/30/2010
Return: -3.20 % Date: 5/31/2010
Return: 1.71 % Date: 4/30/2010
Return: -0.19 % Date: 3/31/2010
Return: 0.71 % Date: 2/28/2010
Return: 1.35 % Date: 1/31/2010
Return: -1.67 % Date: 12/31/2009
Return: 0.94 % Date: 11/30/2009
Return: 0.90 % Date: 10/31/2009
Return: -2.02 % Date: 9/30/2009
Return: 0.00 % Date: 8/31/2009
Return: -0.75 % Date: 7/31/2009
Return: 3.10 % Date: 6/30/2009
Return: -0.72 % Date: 5/31/2009
Return: 3.86 % Date: 4/30/2009
Return: 1.95 % Date: 3/31/2009
Return: 1.41 % Date: 2/28/2009
Return: 0.28 % Date: 1/31/2009
Return: -0.69 % Date: 12/31/2008
Return: 1.61 % Date: 11/30/2008
Return: 0.08 % Date: 10/31/2008
Return: 1.02 % Date: 9/30/2008
Return: 1.24 % Date: 8/31/2008
Return: 4.55 % Date: 7/31/2008
Return: 4.77 % Date: 6/30/2008
Return: -2.69 % Date: 5/31/2008
Return: -0.10 % Date: 4/30/2008
Return: 1.87 % Date: 3/31/2008
Return: 0.06 % Date: 2/29/2008
Return: -0.73 % Date: 1/31/2008
Return: -0.06 % Date: 12/31/2007
Return: -0.63 % Date: 11/30/2007
Return: 0.63 % Date: 10/31/2007
Return: -0.76 % Date: 9/30/2007
Return: 1.49 % Date: 8/31/2007
Return: -3.30 % Date: 7/31/2007
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 07/07 - 09/17
Return: 6.00 %
Count: 1 Return: -4.00 %
Count: 1 Return: 9.00 %
Count: 1 Return: -2.00 %
Count: 13 Return: 3.00 %
Count: 3 Return: 4.00 %
Count: 2 Return: 5.00 %
Count: 2 Return: 2.00 %
Count: 11 Return: -1.00 %
Count: 27 Return: 1.00 %
Count: 28 Return: -3.00 %
Count: 6 Return: 0.00 %
Count: 28
Note: All performance data is since program inception.

Underwater Curve
Date Range: 07/07 - 09/17
Date: 9/30/2017
Drawdown: -12.35 % Date: 8/31/2017
Drawdown: -12.93 % Date: 7/31/2017
Drawdown: -11.43 % Date: 6/30/2017
Drawdown: -10.67 % Date: 5/31/2017
Drawdown: -10.71 % Date: 4/30/2017
Drawdown: -9.22 % Date: 3/31/2017
Drawdown: -8.35 % Date: 2/28/2017
Drawdown: -8.13 % Date: 1/31/2017
Drawdown: -8.52 % Date: 12/31/2016
Drawdown: -6.08 % Date: 11/30/2016
Drawdown: -7.33 % Date: 10/31/2016
Drawdown: -12.53 % Date: 9/30/2016
Drawdown: -12.93 % Date: 8/31/2016
Drawdown: -11.36 % Date: 7/31/2016
Drawdown: -11.85 % Date: 6/30/2016
Drawdown: -10.87 % Date: 5/31/2016
Drawdown: -7.06 % Date: 4/30/2016
Drawdown: -8.36 % Date: 3/31/2016
Drawdown: -7.14 % Date: 2/29/2016
Drawdown: -5.65 % Date: 1/31/2016
Drawdown: -4.15 % Date: 12/31/2015
Drawdown: -1.32 % Date: 11/30/2015
Drawdown: -1.09 % Date: 10/31/2015
Drawdown: -3.79 % Date: 9/30/2015
Drawdown: -2.33 % Date: 8/31/2015
Drawdown: -1.09 % Date: 7/31/2015
Drawdown: -0.85 % Date: 6/30/2015
Drawdown: -2.50 % Date: 5/31/2015
Drawdown: -0.28 % Date: 4/30/2015
Drawdown: -1.22 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -0.81 % 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: 0.00 % Date: 8/31/2014
Drawdown: -6.93 % Date: 7/31/2014
Drawdown: -6.96 % Date: 6/30/2014
Drawdown: -8.34 % Date: 5/31/2014
Drawdown: -6.93 % Date: 4/30/2014
Drawdown: -7.10 % Date: 3/31/2014
Drawdown: -5.19 % Date: 2/28/2014
Drawdown: -6.42 % Date: 1/31/2014
Drawdown: -4.73 % Date: 12/31/2013
Drawdown: -4.29 % Date: 11/30/2013
Drawdown: -4.26 % Date: 10/31/2013
Drawdown: -5.40 % Date: 9/30/2013
Drawdown: -5.30 % Date: 8/31/2013
Drawdown: -4.55 % Date: 7/31/2013
Drawdown: -3.76 % Date: 6/30/2013
Drawdown: -2.51 % Date: 5/31/2013
Drawdown: -4.20 % Date: 4/30/2013
Drawdown: -8.00 % Date: 3/31/2013
Drawdown: -8.77 % Date: 2/28/2013
Drawdown: -9.28 % Date: 1/31/2013
Drawdown: -9.24 % Date: 12/31/2012
Drawdown: -10.76 % Date: 11/30/2012
Drawdown: -11.97 % Date: 10/31/2012
Drawdown: -12.50 % Date: 9/30/2012
Drawdown: -12.37 % Date: 8/31/2012
Drawdown: -13.09 % Date: 7/31/2012
Drawdown: -11.96 % Date: 6/30/2012
Drawdown: -11.48 % Date: 5/31/2012
Drawdown: -10.72 % Date: 4/30/2012
Drawdown: -10.08 % Date: 3/31/2012
Drawdown: -8.49 % Date: 2/29/2012
Drawdown: -9.58 % Date: 1/31/2012
Drawdown: -10.98 % Date: 12/31/2011
Drawdown: -11.79 % Date: 11/30/2011
Drawdown: -12.42 % Date: 10/31/2011
Drawdown: -11.59 % Date: 9/30/2011
Drawdown: -10.51 % Date: 8/31/2011
Drawdown: -10.30 % Date: 7/31/2011
Drawdown: -10.02 % Date: 6/30/2011
Drawdown: -8.31 % Date: 5/31/2011
Drawdown: -6.95 % Date: 4/30/2011
Drawdown: -7.85 % Date: 3/31/2011
Drawdown: -5.06 % Date: 2/28/2011
Drawdown: -4.05 % Date: 1/31/2011
Drawdown: -3.64 % Date: 12/31/2010
Drawdown: -2.84 % Date: 11/30/2010
Drawdown: -4.34 % Date: 10/31/2010
Drawdown: -4.75 % Date: 9/30/2010
Drawdown: -5.05 % Date: 8/31/2010
Drawdown: -4.70 % Date: 7/31/2010
Drawdown: -3.25 % Date: 6/30/2010
Drawdown: -3.20 % Date: 5/31/2010
Drawdown: 0.00 % Date: 4/30/2010
Drawdown: -0.78 % Date: 3/31/2010
Drawdown: -0.60 % Date: 2/28/2010
Drawdown: -1.30 % Date: 1/31/2010
Drawdown: -2.61 % Date: 12/31/2009
Drawdown: -0.96 % Date: 11/30/2009
Drawdown: -1.88 % Date: 10/31/2009
Drawdown: -2.75 % Date: 9/30/2009
Drawdown: -0.75 % Date: 8/31/2009
Drawdown: -0.75 % Date: 7/31/2009
Drawdown: 0.00 % Date: 6/30/2009
Drawdown: -0.72 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: 0.00 % Date: 3/31/2009
Drawdown: 0.00 % Date: 2/28/2009
Drawdown: -0.41 % Date: 1/31/2009
Drawdown: -0.69 % 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: -4.26 % Date: 5/31/2008
Drawdown: -1.61 % Date: 4/30/2008
Drawdown: -1.51 % Date: 3/31/2008
Drawdown: -3.32 % Date: 2/29/2008
Drawdown: -3.38 % Date: 1/31/2008
Drawdown: -2.67 % Date: 12/31/2007
Drawdown: -2.61 % Date: 11/30/2007
Drawdown: -1.99 % Date: 10/31/2007
Drawdown: -2.61 % Date: 9/30/2007
Drawdown: -1.86 % Date: 8/31/2007
Drawdown: -3.30 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Trigon Investment Advisors, LLC
Address: 88 Pine Street, 21st Floor
City: New York
State: NY
Zip: 10005
Country: USA
Key People
Name:  Paul D. Mastroddi
Position:  Principal
Biography: 

Paul Mastroddi, co-founder, is an economist by training and has been an investment manager since 1996. -PhD in economics, Yale University (1985); doctoral thesis on Federal Reserve policy; views published by U.S. Senate as part of monetary policy hearings. -Managing director and chief U.S. economist, J.P. Morgan (1985-1996). Voted one of top economists on Wall Street by Institutional Investorand Greenwich Associates. -Earned “a second PhD in trading” as: Manager of macro overlay, Lattanzio Group, an equity-oriented start-up (1996-97) -Portfolio manager and advisor, Omega Advisors (1998) -Portfolio manager ($100 million), Moore Capital (1999-2000) -Joined MLC International Investment Group (2001-2002) to jointly run with Mr. Basic the “house book” of this office of a wealthy Texas family (a current investor in Trigon).


Name:  Ante Basic
Position:  Principal
Biography: 

-Traded futures and foreign exchange for the Chase Manhattan Bank(1990-96). Significant experience in all aspects of trading, including discretionary risk taking and systematic methods as well as risk control. Final position was Head Trader, GlobalTrading Strategies, a quantitative proprietary trading group. -Co-founded Global Capital Market Strategies, a consultant and CTA, as President (1996-99). -SVP of Refco Fund Holdings (1999), a joint enture with MLC, as investment manager and asset allocator. -Joined MLC (2001-2002) as Managing Director when joint venture with Refco ended. Teamed with Mr. Mastroddi in early 2001 to co-manage “house book”.


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.