Altegris Clearing Solutions Integrated Managed Futures Corp. IMFC Global Concentrated Program *QEP*
Monthly Performance (%)
Date Range: 03/09 - 05/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.22 -0.76 -4.01 -0.94 -3.71 -9.34
2016 1.44 1.68 -2.83 -3.52 -2.95 6.36 -2.15 -3.57 -3.73 -3.70 -4.83 -0.85 -17.61
2015 10.18 -1.58 -1.45 -2.40 0.55 -1.94 1.61 -1.46 -0.96 -2.78 -0.25 -2.95 -4.02
2014 -2.80 0.56 -2.73 -0.05 -0.50 0.38 3.35 3.07 2.01 -0.78 6.30 3.11 12.16
2013 5.39 -0.38 0.34 2.37 -1.41 -0.19 -2.71 -5.36 1.79 1.33 2.30 0.54 3.66
2012 -0.72 -2.38 -2.46 1.49 7.58 -4.27 0.92 -0.26 -4.45 -4.36 -1.77 0.51 -10.27
2011 -1.52 0.51 -2.23 0.99 -1.58 -1.38 1.03 3.34 -0.05 -2.30 -0.41 -0.11 -3.79
2010 -2.38 0.35 1.78 -3.44 -0.48 0.81 -1.45 7.59 0.47 5.41 -0.60 1.66 9.60
2009 0.57 0.18 1.07 1.40 11.62 2.22 -4.61 7.44 -5.78 13.76
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The IMFC Global Concentrated Program is a derivative of the IMFC Global Investment Program in that it selects trades from the IMFC Global Investment Program utilizing an additional algorithm that measures the confidence of trading signals and risk budgets generated by the IMFC Global Investment Program. The IMFC Global Concentrated Program only initiates positions in a market if the underlying trading signals and risk budgets meet certain threshold levels of confidence or strength. Position sizes are then calibrated based on the volatilities and correlations of markets offering current positions and a long term average portfolio downside deviation target of less than 13%. As a result of the additional “confidence” algorithm, some of the key differences between the IMFC Global Investment Program and the IMFC Global Concentrated Program include, but are not limited to the following: Lower Exposure: the IMFC Global Concentrated Program is expected to have lower overall market exposure than the IMFC Global Investment Program, as measured by both number of contracts held in an account and by margin-to-equity ratios. The advisor believes that this lower level of market exposure will be particularly evident during periods of underperformance for the IMFC Global Investment Program and managed futures in general, resulting in fewer left tail events or larger than statistically normal drawdowns.

Performance Statistics
Date Range: 03/09 - 05/17
  Program SP500 TR Altegris 40
Total Return -10.27% 291.26% 3.05%
Annualized Return -1.32% 17.98% 0.37%
Annualized Std. Deviation 11.18% 12.78% 8.75%
Correlation -0.02 0.64
Sharpe Ratio (rf=2.5%) -0.34 1.21 -0.24
Worst Month -5.78% -7.99% -5.20%
Date of Worst Month 12/2009 05/2010 06/2015
Worst Drawdown -34.93% -16.26% -15.74%
Date of Worst Drawdown 1/15 - 5/17 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 03/09 - 05/17
Year or YTD Program SP500 TR Altegris 40
2017 -9.34 8.68 -1.02
2016 -17.61 11.98 -3.13
2015 -4.02 1.41 0.09
2014 12.16 13.69 15.75
2013 3.66 32.41 -2.45
2012 -10.27 15.98 -4.75
2011 -3.79 2.12 -3.23
2010 9.60 15.06 11.33
2009 13.76 42.10 -4.69
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 03/09 - 05/17
Date: 5/31/2017
Perf: $1,059.87 Date: 4/30/2017
Perf: $1,057.86 Date: 3/31/2017
Perf: $1,064.25 Date: 2/28/2017
Perf: $1,080.02 Date: 1/31/2017
Perf: $1,056.97 Date: 12/31/2016
Perf: $1,070.79 Date: 11/30/2016
Perf: $1,062.71 Date: 10/31/2016
Perf: $1,074.53 Date: 9/30/2016
Perf: $1,102.99 Date: 8/31/2016
Perf: $1,117.40 Date: 7/31/2016
Perf: $1,148.29 Date: 6/30/2016
Perf: $1,136.70 Date: 5/31/2016
Perf: $1,090.36 Date: 4/30/2016
Perf: $1,109.78 Date: 3/31/2016
Perf: $1,138.35 Date: 2/29/2016
Perf: $1,171.99 Date: 1/31/2016
Perf: $1,143.85 Date: 12/31/2015
Perf: $1,105.38 Date: 11/30/2015
Perf: $1,131.40 Date: 10/31/2015
Perf: $1,094.09 Date: 9/30/2015
Perf: $1,113.47 Date: 8/31/2015
Perf: $1,089.82 Date: 7/31/2015
Perf: $1,109.01 Date: 6/30/2015
Perf: $1,067.27 Date: 5/31/2015
Perf: $1,125.82 Date: 4/30/2015
Perf: $1,133.98 Date: 3/31/2015
Perf: $1,179.51 Date: 2/28/2015
Perf: $1,154.01 Date: 1/31/2015
Perf: $1,155.86 Date: 12/31/2014
Perf: $1,104.39 Date: 11/30/2014
Perf: $1,085.29 Date: 10/31/2014
Perf: $1,024.34 Date: 9/30/2014
Perf: $1,009.50 Date: 8/31/2014
Perf: $994.68 Date: 7/31/2014
Perf: $954.31 Date: 6/30/2014
Perf: $962.01 Date: 5/31/2014
Perf: $953.81 Date: 4/30/2014
Perf: $930.00 Date: 3/31/2014
Perf: $922.99 Date: 2/28/2014
Perf: $936.85 Date: 1/31/2014
Perf: $929.23 Date: 12/31/2013
Perf: $954.13 Date: 11/30/2013
Perf: $955.47 Date: 10/31/2013
Perf: $938.49 Date: 9/30/2013
Perf: $917.47 Date: 8/31/2013
Perf: $923.01 Date: 7/31/2013
Perf: $941.08 Date: 6/30/2013
Perf: $949.34 Date: 5/31/2013
Perf: $986.74 Date: 4/30/2013
Perf: $1,031.07 Date: 3/31/2013
Perf: $1,005.14 Date: 2/28/2013
Perf: $990.87 Date: 1/31/2013
Perf: $996.65 Date: 12/31/2012
Perf: $978.07 Date: 11/30/2012
Perf: $973.30 Date: 10/31/2012
Perf: $970.58 Date: 9/30/2012
Perf: $1,007.04 Date: 8/31/2012
Perf: $1,023.93 Date: 7/31/2012
Perf: $1,038.05 Date: 6/30/2012
Perf: $997.26 Date: 5/31/2012
Perf: $1,036.23 Date: 4/30/2012
Perf: $1,016.90 Date: 3/31/2012
Perf: $1,010.84 Date: 2/29/2012
Perf: $1,034.32 Date: 1/31/2012
Perf: $1,030.09 Date: 12/31/2011
Perf: $1,026.81 Date: 11/30/2011
Perf: $1,017.05 Date: 10/31/2011
Perf: $1,014.00 Date: 9/30/2011
Perf: $1,055.81 Date: 8/31/2011
Perf: $1,056.45 Date: 7/31/2011
Perf: $1,058.56 Date: 6/30/2011
Perf: $1,021.88 Date: 5/31/2011
Perf: $1,049.16 Date: 4/30/2011
Perf: $1,088.90 Date: 3/31/2011
Perf: $1,048.03 Date: 2/28/2011
Perf: $1,064.31 Date: 1/31/2011
Perf: $1,046.52 Date: 12/31/2010
Perf: $1,061.06 Date: 11/30/2010
Perf: $1,017.41 Date: 10/31/2010
Perf: $1,054.75 Date: 9/30/2010
Perf: $1,015.35 Date: 8/31/2010
Perf: $997.20 Date: 7/31/2010
Perf: $957.56 Date: 6/30/2010
Perf: $970.08 Date: 5/31/2010
Perf: $966.40 Date: 4/30/2010
Perf: $990.37 Date: 3/31/2010
Perf: $975.35 Date: 2/28/2010
Perf: $938.11 Date: 1/31/2010
Perf: $929.37 Date: 12/31/2009
Perf: $953.10 Date: 11/30/2009
Perf: $992.82 Date: 10/31/2009
Perf: $954.36 Date: 9/30/2009
Perf: $979.43 Date: 8/31/2009
Perf: $956.66 Date: 7/31/2009
Perf: $953.51 Date: 6/30/2009
Perf: $954.56 Date: 5/31/2009
Perf: $980.65 Date: 4/30/2009
Perf: $967.30 Date: 3/31/2009
Perf: $1,000.00 Date: 5/31/2017
Perf: $3,597.51 Date: 4/30/2017
Perf: $3,547.49 Date: 3/31/2017
Perf: $3,511.32 Date: 2/28/2017
Perf: $3,507.11 Date: 1/31/2017
Perf: $3,373.19 Date: 12/31/2016
Perf: $3,310.30 Date: 11/30/2016
Perf: $3,246.03 Date: 10/31/2016
Perf: $3,130.21 Date: 9/30/2016
Perf: $3,188.24 Date: 8/31/2016
Perf: $3,187.60 Date: 7/31/2016
Perf: $3,183.14 Date: 6/30/2016
Perf: $3,069.86 Date: 5/31/2016
Perf: $3,061.90 Date: 4/30/2016
Perf: $3,007.76 Date: 3/31/2016
Perf: $2,996.08 Date: 2/29/2016
Perf: $2,805.84 Date: 1/31/2016
Perf: $2,809.49 Date: 12/31/2015
Perf: $2,956.12 Date: 11/30/2015
Perf: $3,003.57 Date: 10/31/2015
Perf: $2,994.59 Date: 9/30/2015
Perf: $2,761.52 Date: 8/31/2015
Perf: $2,831.46 Date: 7/31/2015
Perf: $3,013.15 Date: 6/30/2015
Perf: $2,951.17 Date: 5/31/2015
Perf: $3,009.56 Date: 4/30/2015
Perf: $2,971.23 Date: 3/31/2015
Perf: $2,942.98 Date: 2/28/2015
Perf: $2,990.22 Date: 1/31/2015
Perf: $2,827.63 Date: 12/31/2014
Perf: $2,915.09 Date: 11/30/2014
Perf: $2,922.39 Date: 10/31/2014
Perf: $2,845.84 Date: 9/30/2014
Perf: $2,778.06 Date: 8/31/2014
Perf: $2,817.50 Date: 7/31/2014
Perf: $2,709.13 Date: 6/30/2014
Perf: $2,747.04 Date: 5/31/2014
Perf: $2,691.33 Date: 4/30/2014
Perf: $2,629.54 Date: 3/31/2014
Perf: $2,610.22 Date: 2/28/2014
Perf: $2,588.48 Date: 1/31/2014
Perf: $2,475.36 Date: 12/31/2013
Perf: $2,564.07 Date: 11/30/2013
Perf: $2,500.80 Date: 10/31/2013
Perf: $2,426.79 Date: 9/30/2013
Perf: $2,320.06 Date: 8/31/2013
Perf: $2,249.43 Date: 7/31/2013
Perf: $2,316.61 Date: 6/30/2013
Perf: $2,204.41 Date: 5/31/2013
Perf: $2,234.35 Date: 4/30/2013
Perf: $2,183.26 Date: 3/31/2013
Perf: $2,141.92 Date: 2/28/2013
Perf: $2,064.50 Date: 1/31/2013
Perf: $2,036.80 Date: 12/31/2012
Perf: $1,936.49 Date: 11/30/2012
Perf: $1,919.03 Date: 10/31/2012
Perf: $1,907.96 Date: 9/30/2012
Perf: $1,943.93 Date: 8/31/2012
Perf: $1,895.03 Date: 7/31/2012
Perf: $1,853.33 Date: 6/30/2012
Perf: $1,827.93 Date: 5/31/2012
Perf: $1,755.59 Date: 4/30/2012
Perf: $1,867.85 Date: 3/31/2012
Perf: $1,879.69 Date: 2/29/2012
Perf: $1,819.82 Date: 1/31/2012
Perf: $1,744.46 Date: 12/31/2011
Perf: $1,669.66 Date: 11/30/2011
Perf: $1,652.80 Date: 10/31/2011
Perf: $1,656.45 Date: 9/30/2011
Perf: $1,493.24 Date: 8/31/2011
Perf: $1,606.15 Date: 7/31/2011
Perf: $1,698.37 Date: 6/30/2011
Perf: $1,733.56 Date: 5/31/2011
Perf: $1,763.00 Date: 4/30/2011
Perf: $1,783.15 Date: 3/31/2011
Perf: $1,731.89 Date: 2/28/2011
Perf: $1,731.20 Date: 1/31/2011
Perf: $1,673.79 Date: 12/31/2010
Perf: $1,635.04 Date: 11/30/2010
Perf: $1,532.65 Date: 10/31/2010
Perf: $1,532.50 Date: 9/30/2010
Perf: $1,476.26 Date: 8/31/2010
Perf: $1,355.36 Date: 7/31/2010
Perf: $1,419.37 Date: 6/30/2010
Perf: $1,326.39 Date: 5/31/2010
Perf: $1,399.59 Date: 4/30/2010
Perf: $1,521.13 Date: 3/31/2010
Perf: $1,497.47 Date: 2/28/2010
Perf: $1,412.31 Date: 1/31/2010
Perf: $1,369.84 Date: 12/31/2009
Perf: $1,421.00 Date: 11/30/2009
Perf: $1,394.09 Date: 10/31/2009
Perf: $1,315.18 Date: 9/30/2009
Perf: $1,340.11 Date: 8/31/2009
Perf: $1,291.92 Date: 7/31/2009
Perf: $1,246.90 Date: 6/30/2009
Perf: $1,159.26 Date: 5/31/2009
Perf: $1,156.95 Date: 4/30/2009
Perf: $1,095.70 Date: 3/31/2009
Perf: $1,000.00 Date: 5/31/2017
Perf: $897.29 Date: 4/30/2017
Perf: $931.86 Date: 3/31/2017
Perf: $940.70 Date: 2/28/2017
Perf: $980.00 Date: 1/31/2017
Perf: $987.51 Date: 12/31/2016
Perf: $989.68 Date: 11/30/2016
Perf: $998.17 Date: 10/31/2016
Perf: $1,048.83 Date: 9/30/2016
Perf: $1,089.12 Date: 8/31/2016
Perf: $1,131.32 Date: 7/31/2016
Perf: $1,173.21 Date: 6/30/2016
Perf: $1,198.98 Date: 5/31/2016
Perf: $1,127.29 Date: 4/30/2016
Perf: $1,161.56 Date: 3/31/2016
Perf: $1,203.93 Date: 2/29/2016
Perf: $1,239.00 Date: 1/31/2016
Perf: $1,218.53 Date: 12/31/2015
Perf: $1,201.23 Date: 11/30/2015
Perf: $1,237.74 Date: 10/31/2015
Perf: $1,240.84 Date: 9/30/2015
Perf: $1,276.33 Date: 8/31/2015
Perf: $1,288.70 Date: 7/31/2015
Perf: $1,307.79 Date: 6/30/2015
Perf: $1,287.07 Date: 5/31/2015
Perf: $1,312.53 Date: 4/30/2015
Perf: $1,305.35 Date: 3/31/2015
Perf: $1,337.45 Date: 2/28/2015
Perf: $1,357.13 Date: 1/31/2015
Perf: $1,378.92 Date: 12/31/2014
Perf: $1,251.51 Date: 11/30/2014
Perf: $1,213.76 Date: 10/31/2014
Perf: $1,141.83 Date: 9/30/2014
Perf: $1,150.81 Date: 8/31/2014
Perf: $1,128.13 Date: 7/31/2014
Perf: $1,094.53 Date: 6/30/2014
Perf: $1,059.05 Date: 5/31/2014
Perf: $1,055.04 Date: 4/30/2014
Perf: $1,060.34 Date: 3/31/2014
Perf: $1,060.87 Date: 2/28/2014
Perf: $1,090.65 Date: 1/31/2014
Perf: $1,084.57 Date: 12/31/2013
Perf: $1,115.82 Date: 11/30/2013
Perf: $1,109.82 Date: 10/31/2013
Perf: $1,084.87 Date: 9/30/2013
Perf: $1,070.63 Date: 8/31/2013
Perf: $1,051.81 Date: 7/31/2013
Perf: $1,111.37 Date: 6/30/2013
Perf: $1,142.33 Date: 5/31/2013
Perf: $1,144.51 Date: 4/30/2013
Perf: $1,160.87 Date: 3/31/2013
Perf: $1,134.00 Date: 2/28/2013
Perf: $1,130.16 Date: 1/31/2013
Perf: $1,134.47 Date: 12/31/2012
Perf: $1,076.45 Date: 11/30/2012
Perf: $1,070.99 Date: 10/31/2012
Perf: $1,090.28 Date: 9/30/2012
Perf: $1,139.99 Date: 8/31/2012
Perf: $1,193.08 Date: 7/31/2012
Perf: $1,196.19 Date: 6/30/2012
Perf: $1,185.28 Date: 5/31/2012
Perf: $1,238.15 Date: 4/30/2012
Perf: $1,150.91 Date: 3/31/2012
Perf: $1,134.02 Date: 2/29/2012
Perf: $1,162.62 Date: 1/31/2012
Perf: $1,190.96 Date: 12/31/2011
Perf: $1,199.60 Date: 11/30/2011
Perf: $1,200.92 Date: 10/31/2011
Perf: $1,205.86 Date: 9/30/2011
Perf: $1,234.25 Date: 8/31/2011
Perf: $1,234.87 Date: 7/31/2011
Perf: $1,194.96 Date: 6/30/2011
Perf: $1,182.78 Date: 5/31/2011
Perf: $1,199.33 Date: 4/30/2011
Perf: $1,218.58 Date: 3/31/2011
Perf: $1,206.63 Date: 2/28/2011
Perf: $1,234.16 Date: 1/31/2011
Perf: $1,227.89 Date: 12/31/2010
Perf: $1,246.85 Date: 11/30/2010
Perf: $1,226.49 Date: 10/31/2010
Perf: $1,233.89 Date: 9/30/2010
Perf: $1,170.56 Date: 8/31/2010
Perf: $1,165.09 Date: 7/31/2010
Perf: $1,082.89 Date: 6/30/2010
Perf: $1,098.83 Date: 5/31/2010
Perf: $1,090.00 Date: 4/30/2010
Perf: $1,095.26 Date: 3/31/2010
Perf: $1,134.27 Date: 2/28/2010
Perf: $1,114.44 Date: 1/31/2010
Perf: $1,110.55 Date: 12/31/2009
Perf: $1,137.63 Date: 11/30/2009
Perf: $1,207.41 Date: 10/31/2009
Perf: $1,123.80 Date: 9/30/2009
Perf: $1,178.11 Date: 8/31/2009
Perf: $1,152.53 Date: 7/31/2009
Perf: $1,032.55 Date: 6/30/2009
Perf: $1,018.29 Date: 5/31/2009
Perf: $1,007.51 Date: 4/30/2009
Perf: $1,005.70 Date: 3/31/2009
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 03/09 - 05/17
Date: 5/31/2017
Return: -3.71 % Date: 4/30/2017
Return: -0.94 % Date: 3/31/2017
Return: -4.01 % Date: 2/28/2017
Return: -0.76 % Date: 1/31/2017
Return: -0.22 % Date: 12/31/2016
Return: -0.85 % Date: 11/30/2016
Return: -4.83 % Date: 10/31/2016
Return: -3.70 % Date: 9/30/2016
Return: -3.73 % Date: 8/31/2016
Return: -3.57 % Date: 7/31/2016
Return: -2.15 % Date: 6/30/2016
Return: 6.36 % Date: 5/31/2016
Return: -2.95 % Date: 4/30/2016
Return: -3.52 % Date: 3/31/2016
Return: -2.83 % Date: 2/29/2016
Return: 1.68 % Date: 1/31/2016
Return: 1.44 % Date: 12/31/2015
Return: -2.95 % Date: 11/30/2015
Return: -0.25 % Date: 10/31/2015
Return: -2.78 % Date: 9/30/2015
Return: -0.96 % Date: 8/31/2015
Return: -1.46 % Date: 7/31/2015
Return: 1.61 % Date: 6/30/2015
Return: -1.94 % Date: 5/31/2015
Return: 0.55 % Date: 4/30/2015
Return: -2.40 % Date: 3/31/2015
Return: -1.45 % Date: 2/28/2015
Return: -1.58 % Date: 1/31/2015
Return: 10.18 % Date: 12/31/2014
Return: 3.11 % Date: 11/30/2014
Return: 6.30 % Date: 10/31/2014
Return: -0.78 % Date: 9/30/2014
Return: 2.01 % Date: 8/31/2014
Return: 3.07 % Date: 7/31/2014
Return: 3.35 % Date: 6/30/2014
Return: 0.38 % Date: 5/31/2014
Return: -0.50 % Date: 4/30/2014
Return: -0.05 % Date: 3/31/2014
Return: -2.73 % Date: 2/28/2014
Return: 0.56 % Date: 1/31/2014
Return: -2.80 % Date: 12/31/2013
Return: 0.54 % Date: 11/30/2013
Return: 2.30 % Date: 10/31/2013
Return: 1.33 % Date: 9/30/2013
Return: 1.79 % Date: 8/31/2013
Return: -5.36 % Date: 7/31/2013
Return: -2.71 % Date: 6/30/2013
Return: -0.19 % Date: 5/31/2013
Return: -1.41 % Date: 4/30/2013
Return: 2.37 % Date: 3/31/2013
Return: 0.34 % Date: 2/28/2013
Return: -0.38 % Date: 1/31/2013
Return: 5.39 % Date: 12/31/2012
Return: 0.51 % Date: 11/30/2012
Return: -1.77 % Date: 10/31/2012
Return: -4.36 % Date: 9/30/2012
Return: -4.45 % Date: 8/31/2012
Return: -0.26 % Date: 7/31/2012
Return: 0.92 % Date: 6/30/2012
Return: -4.27 % Date: 5/31/2012
Return: 7.58 % Date: 4/30/2012
Return: 1.49 % Date: 3/31/2012
Return: -2.46 % Date: 2/29/2012
Return: -2.38 % Date: 1/31/2012
Return: -0.72 % Date: 12/31/2011
Return: -0.11 % Date: 11/30/2011
Return: -0.41 % Date: 10/31/2011
Return: -2.30 % Date: 9/30/2011
Return: -0.05 % Date: 8/31/2011
Return: 3.34 % Date: 7/31/2011
Return: 1.03 % Date: 6/30/2011
Return: -1.38 % Date: 5/31/2011
Return: -1.58 % Date: 4/30/2011
Return: 0.99 % Date: 3/31/2011
Return: -2.23 % Date: 2/28/2011
Return: 0.51 % Date: 1/31/2011
Return: -1.52 % Date: 12/31/2010
Return: 1.66 % Date: 11/30/2010
Return: -0.60 % Date: 10/31/2010
Return: 5.41 % Date: 9/30/2010
Return: 0.47 % Date: 8/31/2010
Return: 7.59 % Date: 7/31/2010
Return: -1.45 % Date: 6/30/2010
Return: 0.81 % Date: 5/31/2010
Return: -0.48 % Date: 4/30/2010
Return: -3.44 % Date: 3/31/2010
Return: 1.78 % Date: 2/28/2010
Return: 0.35 % Date: 1/31/2010
Return: -2.38 % Date: 12/31/2009
Return: -5.78 % Date: 11/30/2009
Return: 7.44 % Date: 10/31/2009
Return: -4.61 % Date: 9/30/2009
Return: 2.22 % Date: 8/31/2009
Return: 11.62 % Date: 7/31/2009
Return: 1.40 % Date: 6/30/2009
Return: 1.07 % Date: 5/31/2009
Return: 0.18 % Date: 4/30/2009
Return: 0.57 % Date: 3/31/2009
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 03/09 - 05/17
Return: 10.00 %
Count: 1 Return: 6.00 %
Count: 2 Return: -4.00 %
Count: 9 Return: 3.00 %
Count: 4 Return: 5.00 %
Count: 2 Return: 8.00 %
Count: 2 Return: -1.00 %
Count: 12 Return: -3.00 %
Count: 8 Return: -2.00 %
Count: 12 Return: -6.00 %
Count: 1 Return: 7.00 %
Count: 1 Return: -5.00 %
Count: 3 Return: 2.00 %
Count: 9 Return: 12.00 %
Count: 1 Return: 1.00 %
Count: 15 Return: 0.00 %
Count: 17
Note: All performance data is since program inception.

Underwater Curve
Date Range: 03/09 - 05/17
Date: 5/31/2017
Drawdown: -34.93 % Date: 4/30/2017
Drawdown: -32.42 % Date: 3/31/2017
Drawdown: -31.78 % Date: 2/28/2017
Drawdown: -28.93 % Date: 1/31/2017
Drawdown: -28.39 % Date: 12/31/2016
Drawdown: -28.23 % Date: 11/30/2016
Drawdown: -27.61 % Date: 10/31/2016
Drawdown: -23.94 % Date: 9/30/2016
Drawdown: -21.02 % Date: 8/31/2016
Drawdown: -17.96 % Date: 7/31/2016
Drawdown: -14.92 % Date: 6/30/2016
Drawdown: -13.05 % Date: 5/31/2016
Drawdown: -18.25 % Date: 4/30/2016
Drawdown: -15.76 % Date: 3/31/2016
Drawdown: -12.69 % Date: 2/29/2016
Drawdown: -10.15 % Date: 1/31/2016
Drawdown: -11.63 % Date: 12/31/2015
Drawdown: -12.89 % Date: 11/30/2015
Drawdown: -10.24 % Date: 10/31/2015
Drawdown: -10.01 % Date: 9/30/2015
Drawdown: -7.44 % Date: 8/31/2015
Drawdown: -6.54 % Date: 7/31/2015
Drawdown: -5.16 % Date: 6/30/2015
Drawdown: -6.66 % Date: 5/31/2015
Drawdown: -4.81 % Date: 4/30/2015
Drawdown: -5.33 % Date: 3/31/2015
Drawdown: -3.01 % Date: 2/28/2015
Drawdown: -1.58 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: -2.65 % Date: 10/31/2014
Drawdown: -8.42 % Date: 9/30/2014
Drawdown: -7.70 % Date: 8/31/2014
Drawdown: -9.52 % Date: 7/31/2014
Drawdown: -12.22 % Date: 6/30/2014
Drawdown: -15.06 % Date: 5/31/2014
Drawdown: -15.38 % Date: 4/30/2014
Drawdown: -14.96 % Date: 3/31/2014
Drawdown: -14.92 % Date: 2/28/2014
Drawdown: -12.53 % Date: 1/31/2014
Drawdown: -13.01 % Date: 12/31/2013
Drawdown: -10.51 % Date: 11/30/2013
Drawdown: -10.99 % Date: 10/31/2013
Drawdown: -12.99 % Date: 9/30/2013
Drawdown: -14.13 % Date: 8/31/2013
Drawdown: -15.64 % Date: 7/31/2013
Drawdown: -10.87 % Date: 6/30/2013
Drawdown: -8.38 % Date: 5/31/2013
Drawdown: -8.21 % Date: 4/30/2013
Drawdown: -6.90 % Date: 3/31/2013
Drawdown: -9.05 % Date: 2/28/2013
Drawdown: -9.36 % Date: 1/31/2013
Drawdown: -9.01 % Date: 12/31/2012
Drawdown: -13.67 % Date: 11/30/2012
Drawdown: -14.10 % Date: 10/31/2012
Drawdown: -12.56 % Date: 9/30/2012
Drawdown: -8.57 % Date: 8/31/2012
Drawdown: -4.31 % Date: 7/31/2012
Drawdown: -4.06 % Date: 6/30/2012
Drawdown: -4.94 % Date: 5/31/2012
Drawdown: -0.70 % Date: 4/30/2012
Drawdown: -7.69 % Date: 3/31/2012
Drawdown: -9.05 % Date: 2/29/2012
Drawdown: -6.76 % Date: 1/31/2012
Drawdown: -4.48 % Date: 12/31/2011
Drawdown: -3.79 % Date: 11/30/2011
Drawdown: -3.68 % Date: 10/31/2011
Drawdown: -3.29 % Date: 9/30/2011
Drawdown: -1.01 % Date: 8/31/2011
Drawdown: -0.96 % Date: 7/31/2011
Drawdown: -4.16 % Date: 6/30/2011
Drawdown: -5.14 % Date: 5/31/2011
Drawdown: -3.81 % Date: 4/30/2011
Drawdown: -2.27 % Date: 3/31/2011
Drawdown: -3.23 % Date: 2/28/2011
Drawdown: -1.02 % Date: 1/31/2011
Drawdown: -1.52 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -0.60 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -3.05 % Date: 8/31/2010
Drawdown: -3.51 % Date: 7/31/2010
Drawdown: -10.31 % Date: 6/30/2010
Drawdown: -8.99 % Date: 5/31/2010
Drawdown: -9.72 % Date: 4/30/2010
Drawdown: -9.29 % Date: 3/31/2010
Drawdown: -6.06 % Date: 2/28/2010
Drawdown: -7.70 % Date: 1/31/2010
Drawdown: -8.02 % Date: 12/31/2009
Drawdown: -5.78 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: -4.61 % Date: 9/30/2009
Drawdown: 0.00 % Date: 8/31/2009
Drawdown: 0.00 % Date: 7/31/2009
Drawdown: 0.00 % Date: 6/30/2009
Drawdown: 0.00 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Integrated Managed Futures Corp.
Address: 70 University Avenue, Suite 1200
City: Toronto
State: ONT
Zip: M5J 2M4
Country: Canada
Key People
Name:  Robert Koloshuk
Position:  Principal
Biography: 

Mr. Koloshuk has been registered with the CFTC as an associated person since June, 2004, and is an associate member of the National Futures Association. Mr. Koloshuk has been conducting research exclusive to the Managed Futures industry since September of 2002, and he has been working extensively in collaboration with Professor Kolkiewiez at the University of Waterloo for the past five years. Mr. Koloshuk is also a computer programmer and a trade execution and account management supervisor. Mr. Koloshuk holds a B.A. (Honours Philosophy) from the University of Guelph, where he specialized in Machine Functionalism.


Name:  David Mather
Position:  Principal
Biography: 

Vice-President, Director and Principal, Integrated Managed Futures Corp. since 2003, President & Chief Operating Officer since June, 2011. Registered with the CFTC as an Associated Person since March, 2010. Associate Member of the National Futures Association. Member of the MFA. Executive Vice President, Integrated Asset Management Corp. since 2001, Director since 2004. Director, River Plate House Capital Management Inc. Previously Managing Director, SEI Investments, and Managing Director, Fidelity Group Pensions. Senior Vice-President, Elliott & Page, 1990-1997. Vice-President, Crown Life Investment Management, 1983-1990. Past Chair, Board of Governors, Royal St .George's College, Treasurer & Director, Royal St. George’s College Foundation, Treasurer, Director and Chair, Investment Committee, Boys and Girls Clubs of Canada Foundation, Chair, Investment Committee, Heart and Stroke Foundation of Ontario, Chair, Pension Committee, Heart and Stroke Foundation of Canada. Past director Genesis Research Foundation and past Chair and director of Toronto Brigantine Inc. B.A. (Honours), University of Waterloo, M.A., University of Waterloo.


Name:  Roland Austrup
Position:  Principal
Biography: 

Mr. Austrup has been the Chief Executive Officer, Chief Investment Officer and a Director of IMFC since June 9, 2003. Mr. Austrup is responsible for strategic planning and development and enhancement of the trading programs. Mr. Austrup has been registered with the CFTC in the United States as an Associated Person and Principal of the Advisor since June 2003 and with the OSC as an Advisor since February 1999. Mr. Austrup is an Associate Member of the NFA and a member of the Managed Funds Association. He is a director of the Master of Quantitative Finance program at the University of Waterloo. B.A. (Hons.), University of Western Ontario.


Name:  Stephen Johnson
Position:  Principal
Biography: 

Mr. Johnson has been Chairman, Director, and listed principal of IMFC since June 2003. He is a Director of IMFC and also provides financial oversight and advice. Mr. Johnson has acted as CFO and Director of both Integrated Asset Management Corp. (“IAM”) since June, 1999 and BluMont Capital Inc. since December 2000, and since July 2001 has served as a Senior Vice-President, at Integrated Partners (a wholly-owned subsidiary of IAM that undertakes private equity investments) where Mr. Johnson monitors and oversees the firm’s various portfolio investments. He has also served Vice-President of Koloshuk Farrugia Corp., a holding company for Messrs Koloshuk’s and Johnson’s equity interest in IAM since February, 1989. He was also a Director of Independent Equity Research Corp., a firm providing independent equity research to investors from June, 1999 to December 2008. Mr. Johnson has a B.Sc. Hons. (Econ) from Southampton University, and is both a Chartered Accountant (Scotland), Chartered Accountant and Chartered Business Valuator.


Name:  Veronika Hirsch
Position:  Principal
Biography: 

Veronika Hirsch, B.Comm., FLMI, has been a listed principal of IMFC since June 2003. Since June 1998, Ms. Hirsch has also been Chief Investment Officer and a Director of Blumont Capital Corporation, a subsidiary and principal of Integrated Asset Management Corp. Ms. Hirsch is also a Director of Integrated Asset Management Corp. since June 1998 and as such, has the normal oversight responsibilities of a director of a Canadian public company. Ms. Hirsch holds a B. Comm. From McGill University and is a Fellow, Life Management Institute.


Name:  Victor Koloshuk, MBA, CFA
Position:  Principal
Biography: 

Victor Koloshuk, B.Sc., M.B.A., CFA, has been a listed principal of IMFC since June 2003. He provides strategic direction to IMFC. Mr. Koloshuk is also Chairman, President, Chief Executive Officer, founder and a Director of Integrated Asset Management Corp.(IAM) since March 1998, co-founder and Chairman of Integrated Partners, and co-founder, Chairman, President, Chief Executive Officer and a Director of Koloshuk Farrugia Corp. since June 1988. Mr. Koloshuk holds a B.Sc. and M.B.A. from McGill University and is a Chartered Financial Analyst (CFA).


Name:  Bryan Chuah, B.Sc.
Position:  Director
Biography: 

Bryan joined IMFC in June, 2009. Prior to joining IMFC, Mr. Chuah was a proprietary equity trader with Vibe Equities in Edmonton. Bryan is a candidate for a Masters in Quantitative Finance at the University of Waterloo. He has been registered with the CFTC as an Associated Person since October 2009, and is an associate member of the National Futures Association. B.Sc., University of Alberta.


Name:  Paul Patterson, B.A., J.D, M.B.A., CAIA
Position:  Director
Biography: 

Paul has been registered with the CFTC as an Associated Person since April, 2011 and is an associate member of the National Futures Association. Paul joined Integrated Asset Management in 2008 as Vice-President, Private Investment. For the 4 years prior to that, he was Associate Vice-President, Institutional and Offshore at BluMont Capital, a wholly-owned subsidiary of IAM. Prior to joining BluMont, Paul practiced corporate and securities law with Lang Michener LLP and served as legal and policy counsel with the Toronto Stock Exchange. Paul is past President of the Boys and Girls Clubs of Ontario. Paul has a B.A. in political science from Carleton University, a J.D. from the University of Toronto and an M.B.A. from Northwestern University’s J. L. Kellogg School of Management. Called to the Ontario Bar in February, 1999. He is a CAIA charterholder.


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.