Altegris Clearing Solutions Metolius Capital LLC Metolius Diversified Systematic Global Macro *QEP*
Monthly Performance (%)
Date Range: 05/10 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -1.53 -1.50 -3.01
2016 3.09 1.30 -2.52 -0.32 -2.42 2.15 0.99 -1.53 -2.07 -0.45 0.43 1.49 -0.05
2015 8.33 -1.91 -0.61 -2.92 -2.22 -1.05 0.14 -0.51 -0.01 -2.24 2.98 -1.04 -1.55
2014 -3.34 1.01 -1.28 -1.87 -0.65 0.89 0.44 2.33 5.53 1.97 4.08 2.52 11.88
2013 2.66 -0.97 0.10 0.75 0.84 -0.99 -2.14 -0.79 -2.89 -0.23 1.74 2.18 0.10
2012 -0.48 0.93 -1.39 -2.86 1.36 -2.58 1.98 -0.92 -0.21 -2.20 -0.69 2.15 -4.96
2011 -1.93 1.22 0.17 4.14 -2.85 -0.10 1.22 -0.15 2.25 -3.15 -1.15 0.97 0.40
2010 1.04 0.37 0.81 3.80 2.22 -1.84 3.72 10.44
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The strategy encompasses highly liquid futures only, providing transparency and scalability through a small team of individuals. The combination of a macro/fundamental approached combined with trend following and price statistics to trigger trades, expressed entirely through a systematic fund, gives a robust return profile that differs from the majority of CTA’s. While price is always the final arbiter, we believe the unique mix of our approach to the analysis of the market, predominantly from a fundamental focus provides diversification and less concentration risk than the traditional CTA model. We deploy a combination of 7 or more strategies, employing numerous individual macro/fundamental models, the combination and weightings of which will be monitored dynamically and maybe adjusted periodically according to the market shifts in sentiment. Account minimums and actual fees may be higher or lower for specific accounts as may be individually negotiated between the CTA and each account holder.

Performance Statistics
Date Range: 05/10 - 02/17
  Program SP500 TR Altegris 40
Total Return 12.65% 130.56% 9.05%
Annualized Return 1.78% 13.00% 1.28%
Annualized Std. Deviation 7.50% 12.51% 8.82%
Correlation -0.08 0.69
Sharpe Ratio (rf=2.5%) -0.10 0.84 -0.14
Worst Month -3.34% -7.99% -5.20%
Date of Worst Month 01/2014 05/2010 06/2015
Worst Drawdown -13.58% -16.26% -15.74%
Date of Worst Drawdown 9/11 - 5/14 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 05/10 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 -3.01 5.95 0.86
2016 -0.05 11.98 -3.13
2015 -1.55 1.41 0.09
2014 11.88 13.69 15.75
2013 0.10 32.41 -2.45
2012 -4.96 15.98 -4.75
2011 0.40 2.12 -3.23
2010 10.44 16.82 9.79
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 05/10 - 02/17
Date: 2/28/2017
Perf: $1,117.56 Date: 1/31/2017
Perf: $1,093.72 Date: 12/31/2016
Perf: $1,108.01 Date: 11/30/2016
Perf: $1,099.66 Date: 10/31/2016
Perf: $1,111.89 Date: 9/30/2016
Perf: $1,141.33 Date: 8/31/2016
Perf: $1,156.25 Date: 7/31/2016
Perf: $1,188.21 Date: 6/30/2016
Perf: $1,176.21 Date: 5/31/2016
Perf: $1,128.26 Date: 4/30/2016
Perf: $1,148.36 Date: 3/31/2016
Perf: $1,177.92 Date: 2/29/2016
Perf: $1,212.73 Date: 1/31/2016
Perf: $1,183.61 Date: 12/31/2015
Perf: $1,143.81 Date: 11/30/2015
Perf: $1,170.74 Date: 10/31/2015
Perf: $1,132.13 Date: 9/30/2015
Perf: $1,152.18 Date: 8/31/2015
Perf: $1,127.71 Date: 7/31/2015
Perf: $1,147.56 Date: 6/30/2015
Perf: $1,104.38 Date: 5/31/2015
Perf: $1,164.96 Date: 4/30/2015
Perf: $1,173.40 Date: 3/31/2015
Perf: $1,220.52 Date: 2/28/2015
Perf: $1,194.13 Date: 1/31/2015
Perf: $1,196.04 Date: 12/31/2014
Perf: $1,142.79 Date: 11/30/2014
Perf: $1,123.02 Date: 10/31/2014
Perf: $1,059.95 Date: 9/30/2014
Perf: $1,044.60 Date: 8/31/2014
Perf: $1,029.26 Date: 7/31/2014
Perf: $987.49 Date: 6/30/2014
Perf: $995.45 Date: 5/31/2014
Perf: $986.97 Date: 4/30/2014
Perf: $962.33 Date: 3/31/2014
Perf: $955.07 Date: 2/28/2014
Perf: $969.42 Date: 1/31/2014
Perf: $961.54 Date: 12/31/2013
Perf: $987.30 Date: 11/30/2013
Perf: $988.69 Date: 10/31/2013
Perf: $971.11 Date: 9/30/2013
Perf: $949.37 Date: 8/31/2013
Perf: $955.10 Date: 7/31/2013
Perf: $973.80 Date: 6/30/2013
Perf: $982.34 Date: 5/31/2013
Perf: $1,021.04 Date: 4/30/2013
Perf: $1,066.92 Date: 3/31/2013
Perf: $1,040.09 Date: 2/28/2013
Perf: $1,025.32 Date: 1/31/2013
Perf: $1,031.30 Date: 12/31/2012
Perf: $1,012.07 Date: 11/30/2012
Perf: $1,007.14 Date: 10/31/2012
Perf: $1,004.33 Date: 9/30/2012
Perf: $1,042.05 Date: 8/31/2012
Perf: $1,059.53 Date: 7/31/2012
Perf: $1,074.14 Date: 6/30/2012
Perf: $1,031.93 Date: 5/31/2012
Perf: $1,072.25 Date: 4/30/2012
Perf: $1,052.26 Date: 3/31/2012
Perf: $1,045.98 Date: 2/29/2012
Perf: $1,070.28 Date: 1/31/2012
Perf: $1,065.91 Date: 12/31/2011
Perf: $1,062.51 Date: 11/30/2011
Perf: $1,052.40 Date: 10/31/2011
Perf: $1,049.25 Date: 9/30/2011
Perf: $1,092.52 Date: 8/31/2011
Perf: $1,093.17 Date: 7/31/2011
Perf: $1,095.37 Date: 6/30/2011
Perf: $1,057.40 Date: 5/31/2011
Perf: $1,085.63 Date: 4/30/2011
Perf: $1,126.76 Date: 3/31/2011
Perf: $1,084.46 Date: 2/28/2011
Perf: $1,101.31 Date: 1/31/2011
Perf: $1,082.90 Date: 12/31/2010
Perf: $1,097.95 Date: 11/30/2010
Perf: $1,052.78 Date: 10/31/2010
Perf: $1,091.42 Date: 9/30/2010
Perf: $1,050.65 Date: 8/31/2010
Perf: $1,031.87 Date: 7/31/2010
Perf: $990.85 Date: 6/30/2010
Perf: $1,003.80 Date: 5/31/2010
Perf: $1,000.00 Date: 2/28/2017
Perf: $2,505.81 Date: 1/31/2017
Perf: $2,410.13 Date: 12/31/2016
Perf: $2,365.19 Date: 11/30/2016
Perf: $2,319.27 Date: 10/31/2016
Perf: $2,236.52 Date: 9/30/2016
Perf: $2,277.98 Date: 8/31/2016
Perf: $2,277.52 Date: 7/31/2016
Perf: $2,274.34 Date: 6/30/2016
Perf: $2,193.40 Date: 5/31/2016
Perf: $2,187.72 Date: 4/30/2016
Perf: $2,149.03 Date: 3/31/2016
Perf: $2,140.68 Date: 2/29/2016
Perf: $2,004.76 Date: 1/31/2016
Perf: $2,007.37 Date: 12/31/2015
Perf: $2,112.13 Date: 11/30/2015
Perf: $2,146.04 Date: 10/31/2015
Perf: $2,139.62 Date: 9/30/2015
Perf: $1,973.09 Date: 8/31/2015
Perf: $2,023.06 Date: 7/31/2015
Perf: $2,152.88 Date: 6/30/2015
Perf: $2,108.60 Date: 5/31/2015
Perf: $2,150.32 Date: 4/30/2015
Perf: $2,122.93 Date: 3/31/2015
Perf: $2,102.74 Date: 2/28/2015
Perf: $2,136.50 Date: 1/31/2015
Perf: $2,020.33 Date: 12/31/2014
Perf: $2,082.82 Date: 11/30/2014
Perf: $2,088.04 Date: 10/31/2014
Perf: $2,033.34 Date: 9/30/2014
Perf: $1,984.91 Date: 8/31/2014
Perf: $2,013.09 Date: 7/31/2014
Perf: $1,935.66 Date: 6/30/2014
Perf: $1,962.75 Date: 5/31/2014
Perf: $1,922.94 Date: 4/30/2014
Perf: $1,878.79 Date: 3/31/2014
Perf: $1,864.99 Date: 2/28/2014
Perf: $1,849.46 Date: 1/31/2014
Perf: $1,768.63 Date: 12/31/2013
Perf: $1,832.02 Date: 11/30/2013
Perf: $1,786.81 Date: 10/31/2013
Perf: $1,733.93 Date: 9/30/2013
Perf: $1,657.67 Date: 8/31/2013
Perf: $1,607.21 Date: 7/31/2013
Perf: $1,655.21 Date: 6/30/2013
Perf: $1,575.04 Date: 5/31/2013
Perf: $1,596.43 Date: 4/30/2013
Perf: $1,559.93 Date: 3/31/2013
Perf: $1,530.39 Date: 2/28/2013
Perf: $1,475.08 Date: 1/31/2013
Perf: $1,455.29 Date: 12/31/2012
Perf: $1,383.61 Date: 11/30/2012
Perf: $1,371.14 Date: 10/31/2012
Perf: $1,363.23 Date: 9/30/2012
Perf: $1,388.93 Date: 8/31/2012
Perf: $1,353.99 Date: 7/31/2012
Perf: $1,324.20 Date: 6/30/2012
Perf: $1,306.04 Date: 5/31/2012
Perf: $1,254.36 Date: 4/30/2012
Perf: $1,334.57 Date: 3/31/2012
Perf: $1,343.03 Date: 2/29/2012
Perf: $1,300.25 Date: 1/31/2012
Perf: $1,246.41 Date: 12/31/2011
Perf: $1,192.96 Date: 11/30/2011
Perf: $1,180.92 Date: 10/31/2011
Perf: $1,183.52 Date: 9/30/2011
Perf: $1,066.91 Date: 8/31/2011
Perf: $1,147.59 Date: 7/31/2011
Perf: $1,213.48 Date: 6/30/2011
Perf: $1,238.62 Date: 5/31/2011
Perf: $1,259.66 Date: 4/30/2011
Perf: $1,274.05 Date: 3/31/2011
Perf: $1,237.43 Date: 2/28/2011
Perf: $1,236.93 Date: 1/31/2011
Perf: $1,195.91 Date: 12/31/2010
Perf: $1,168.22 Date: 11/30/2010
Perf: $1,095.07 Date: 10/31/2010
Perf: $1,094.96 Date: 9/30/2010
Perf: $1,054.78 Date: 8/31/2010
Perf: $968.40 Date: 7/31/2010
Perf: $1,014.13 Date: 6/30/2010
Perf: $947.70 Date: 5/31/2010
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,126.47 Date: 1/31/2017
Perf: $1,143.62 Date: 12/31/2016
Perf: $1,161.39 Date: 11/30/2016
Perf: $1,144.34 Date: 10/31/2016
Perf: $1,139.44 Date: 9/30/2016
Perf: $1,144.59 Date: 8/31/2016
Perf: $1,168.79 Date: 7/31/2016
Perf: $1,186.95 Date: 6/30/2016
Perf: $1,175.31 Date: 5/31/2016
Perf: $1,150.58 Date: 4/30/2016
Perf: $1,179.11 Date: 3/31/2016
Perf: $1,182.90 Date: 2/29/2016
Perf: $1,213.47 Date: 1/31/2016
Perf: $1,197.90 Date: 12/31/2015
Perf: $1,162.00 Date: 11/30/2015
Perf: $1,174.21 Date: 10/31/2015
Perf: $1,140.23 Date: 9/30/2015
Perf: $1,166.36 Date: 8/31/2015
Perf: $1,166.47 Date: 7/31/2015
Perf: $1,172.45 Date: 6/30/2015
Perf: $1,170.81 Date: 5/31/2015
Perf: $1,183.24 Date: 4/30/2015
Perf: $1,210.10 Date: 3/31/2015
Perf: $1,246.50 Date: 2/28/2015
Perf: $1,254.15 Date: 1/31/2015
Perf: $1,278.57 Date: 12/31/2014
Perf: $1,180.25 Date: 11/30/2014
Perf: $1,151.24 Date: 10/31/2014
Perf: $1,106.11 Date: 9/30/2014
Perf: $1,084.74 Date: 8/31/2014
Perf: $1,027.90 Date: 7/31/2014
Perf: $1,004.50 Date: 6/30/2014
Perf: $1,000.10 Date: 5/31/2014
Perf: $991.27 Date: 4/30/2014
Perf: $997.76 Date: 3/31/2014
Perf: $1,016.77 Date: 2/28/2014
Perf: $1,029.96 Date: 1/31/2014
Perf: $1,019.66 Date: 12/31/2013
Perf: $1,054.89 Date: 11/30/2013
Perf: $1,032.38 Date: 10/31/2013
Perf: $1,014.73 Date: 9/30/2013
Perf: $1,017.07 Date: 8/31/2013
Perf: $1,047.34 Date: 7/31/2013
Perf: $1,055.68 Date: 6/30/2013
Perf: $1,078.76 Date: 5/31/2013
Perf: $1,089.55 Date: 4/30/2013
Perf: $1,080.47 Date: 3/31/2013
Perf: $1,072.43 Date: 2/28/2013
Perf: $1,071.36 Date: 1/31/2013
Perf: $1,081.85 Date: 12/31/2012
Perf: $1,053.82 Date: 11/30/2012
Perf: $1,031.64 Date: 10/31/2012
Perf: $1,038.81 Date: 9/30/2012
Perf: $1,062.17 Date: 8/31/2012
Perf: $1,064.41 Date: 7/31/2012
Perf: $1,074.29 Date: 6/30/2012
Perf: $1,053.44 Date: 5/31/2012
Perf: $1,081.33 Date: 4/30/2012
Perf: $1,066.83 Date: 3/31/2012
Perf: $1,098.23 Date: 2/29/2012
Perf: $1,113.72 Date: 1/31/2012
Perf: $1,103.45 Date: 12/31/2011
Perf: $1,108.78 Date: 11/30/2011
Perf: $1,098.12 Date: 10/31/2011
Perf: $1,110.90 Date: 9/30/2011
Perf: $1,147.03 Date: 8/31/2011
Perf: $1,121.79 Date: 7/31/2011
Perf: $1,123.48 Date: 6/30/2011
Perf: $1,109.93 Date: 5/31/2011
Perf: $1,111.05 Date: 4/30/2011
Perf: $1,143.64 Date: 3/31/2011
Perf: $1,098.17 Date: 2/28/2011
Perf: $1,096.31 Date: 1/31/2011
Perf: $1,083.10 Date: 12/31/2010
Perf: $1,104.41 Date: 11/30/2010
Perf: $1,064.80 Date: 10/31/2010
Perf: $1,084.76 Date: 9/30/2010
Perf: $1,061.20 Date: 8/31/2010
Perf: $1,022.35 Date: 7/31/2010
Perf: $1,014.14 Date: 6/30/2010
Perf: $1,010.40 Date: 5/31/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 05/10 - 02/17
Date: 2/28/2017
Return: -1.50 % Date: 1/31/2017
Return: -1.53 % Date: 12/31/2016
Return: 1.49 % Date: 11/30/2016
Return: 0.43 % Date: 10/31/2016
Return: -0.45 % Date: 9/30/2016
Return: -2.07 % Date: 8/31/2016
Return: -1.53 % Date: 7/31/2016
Return: 0.99 % Date: 6/30/2016
Return: 2.15 % Date: 5/31/2016
Return: -2.42 % Date: 4/30/2016
Return: -0.32 % Date: 3/31/2016
Return: -2.52 % Date: 2/29/2016
Return: 1.30 % Date: 1/31/2016
Return: 3.09 % Date: 12/31/2015
Return: -1.04 % Date: 11/30/2015
Return: 2.98 % Date: 10/31/2015
Return: -2.24 % Date: 9/30/2015
Return: -0.01 % Date: 8/31/2015
Return: -0.51 % Date: 7/31/2015
Return: 0.14 % Date: 6/30/2015
Return: -1.05 % Date: 5/31/2015
Return: -2.22 % Date: 4/30/2015
Return: -2.92 % Date: 3/31/2015
Return: -0.61 % Date: 2/28/2015
Return: -1.91 % Date: 1/31/2015
Return: 8.33 % Date: 12/31/2014
Return: 2.52 % Date: 11/30/2014
Return: 4.08 % Date: 10/31/2014
Return: 1.97 % Date: 9/30/2014
Return: 5.53 % Date: 8/31/2014
Return: 2.33 % Date: 7/31/2014
Return: 0.44 % Date: 6/30/2014
Return: 0.89 % Date: 5/31/2014
Return: -0.65 % Date: 4/30/2014
Return: -1.87 % Date: 3/31/2014
Return: -1.28 % Date: 2/28/2014
Return: 1.01 % Date: 1/31/2014
Return: -3.34 % Date: 12/31/2013
Return: 2.18 % Date: 11/30/2013
Return: 1.74 % Date: 10/31/2013
Return: -0.23 % Date: 9/30/2013
Return: -2.89 % Date: 8/31/2013
Return: -0.79 % Date: 7/31/2013
Return: -2.14 % Date: 6/30/2013
Return: -0.99 % Date: 5/31/2013
Return: 0.84 % Date: 4/30/2013
Return: 0.75 % Date: 3/31/2013
Return: 0.10 % Date: 2/28/2013
Return: -0.97 % Date: 1/31/2013
Return: 2.66 % Date: 12/31/2012
Return: 2.15 % Date: 11/30/2012
Return: -0.69 % Date: 10/31/2012
Return: -2.20 % Date: 9/30/2012
Return: -0.21 % Date: 8/31/2012
Return: -0.92 % Date: 7/31/2012
Return: 1.98 % Date: 6/30/2012
Return: -2.58 % Date: 5/31/2012
Return: 1.36 % Date: 4/30/2012
Return: -2.86 % Date: 3/31/2012
Return: -1.39 % Date: 2/29/2012
Return: 0.93 % Date: 1/31/2012
Return: -0.48 % Date: 12/31/2011
Return: 0.97 % Date: 11/30/2011
Return: -1.15 % Date: 10/31/2011
Return: -3.15 % Date: 9/30/2011
Return: 2.25 % Date: 8/31/2011
Return: -0.15 % Date: 7/31/2011
Return: 1.22 % Date: 6/30/2011
Return: -0.10 % Date: 5/31/2011
Return: -2.85 % Date: 4/30/2011
Return: 4.14 % Date: 3/31/2011
Return: 0.17 % Date: 2/28/2011
Return: 1.22 % Date: 1/31/2011
Return: -1.93 % Date: 12/31/2010
Return: 3.72 % Date: 11/30/2010
Return: -1.84 % Date: 10/31/2010
Return: 2.22 % Date: 9/30/2010
Return: 3.80 % Date: 8/31/2010
Return: 0.81 % Date: 7/31/2010
Return: 0.37 % Date: 6/30/2010
Return: 1.04 % Date: 5/31/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 05/10 - 02/17
Return: 8.00 %
Count: 1 Return: 6.00 %
Count: 1 Return: 3.00 %
Count: 4 Return: -1.00 %
Count: 13 Return: -3.00 %
Count: 8 Return: -2.00 %
Count: 13 Return: 2.00 %
Count: 9 Return: 4.00 %
Count: 4 Return: 1.00 %
Count: 14 Return: 0.00 %
Count: 15
Note: All performance data is since program inception.

Underwater Curve
Date Range: 05/10 - 02/17
Date: 2/28/2017
Drawdown: -11.90 % Date: 1/31/2017
Drawdown: -10.55 % Date: 12/31/2016
Drawdown: -9.16 % Date: 11/30/2016
Drawdown: -10.50 % Date: 10/31/2016
Drawdown: -10.88 % Date: 9/30/2016
Drawdown: -10.48 % Date: 8/31/2016
Drawdown: -8.59 % Date: 7/31/2016
Drawdown: -7.17 % Date: 6/30/2016
Drawdown: -8.08 % Date: 5/31/2016
Drawdown: -10.01 % Date: 4/30/2016
Drawdown: -7.78 % Date: 3/31/2016
Drawdown: -7.48 % Date: 2/29/2016
Drawdown: -5.09 % Date: 1/31/2016
Drawdown: -6.31 % Date: 12/31/2015
Drawdown: -9.12 % Date: 11/30/2015
Drawdown: -8.16 % Date: 10/31/2015
Drawdown: -10.82 % Date: 9/30/2015
Drawdown: -8.78 % Date: 8/31/2015
Drawdown: -8.77 % Date: 7/31/2015
Drawdown: -8.30 % Date: 6/30/2015
Drawdown: -8.43 % Date: 5/31/2015
Drawdown: -7.46 % Date: 4/30/2015
Drawdown: -5.36 % Date: 3/31/2015
Drawdown: -2.51 % Date: 2/28/2015
Drawdown: -1.91 % 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: -3.57 % Date: 9/30/2014
Drawdown: -5.43 % Date: 8/31/2014
Drawdown: -10.39 % Date: 7/31/2014
Drawdown: -12.43 % Date: 6/30/2014
Drawdown: -12.81 % Date: 5/31/2014
Drawdown: -13.58 % Date: 4/30/2014
Drawdown: -13.01 % Date: 3/31/2014
Drawdown: -11.36 % Date: 2/28/2014
Drawdown: -10.21 % Date: 1/31/2014
Drawdown: -11.10 % Date: 12/31/2013
Drawdown: -8.03 % Date: 11/30/2013
Drawdown: -9.99 % Date: 10/31/2013
Drawdown: -11.53 % Date: 9/30/2013
Drawdown: -11.33 % Date: 8/31/2013
Drawdown: -8.69 % Date: 7/31/2013
Drawdown: -7.96 % Date: 6/30/2013
Drawdown: -5.95 % Date: 5/31/2013
Drawdown: -5.01 % Date: 4/30/2013
Drawdown: -5.80 % Date: 3/31/2013
Drawdown: -6.50 % Date: 2/28/2013
Drawdown: -6.60 % Date: 1/31/2013
Drawdown: -5.68 % Date: 12/31/2012
Drawdown: -8.13 % Date: 11/30/2012
Drawdown: -10.06 % Date: 10/31/2012
Drawdown: -9.44 % Date: 9/30/2012
Drawdown: -7.40 % Date: 8/31/2012
Drawdown: -7.20 % Date: 7/31/2012
Drawdown: -6.34 % Date: 6/30/2012
Drawdown: -8.16 % Date: 5/31/2012
Drawdown: -5.73 % Date: 4/30/2012
Drawdown: -6.99 % Date: 3/31/2012
Drawdown: -4.25 % Date: 2/29/2012
Drawdown: -2.90 % Date: 1/31/2012
Drawdown: -3.80 % Date: 12/31/2011
Drawdown: -3.34 % Date: 11/30/2011
Drawdown: -4.26 % Date: 10/31/2011
Drawdown: -3.15 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -1.91 % Date: 7/31/2011
Drawdown: -1.76 % Date: 6/30/2011
Drawdown: -2.95 % Date: 5/31/2011
Drawdown: -2.85 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -0.56 % Date: 2/28/2011
Drawdown: -0.73 % Date: 1/31/2011
Drawdown: -1.93 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -1.84 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Metolius Capital LLC
Address: 120 East Liberty Drive, Suite 220
City: Wheaton
State: IL
Zip: 60187
Country: USA
Key People
Name:  Thomas Mazza
Position:  Principal
Biography: 

The Manager is the co-founder and a manager of the General Partner. He is also a director of the Master Fund and the Offshore Feeder Fund. Over the last decade, the Manager has been trading his own accounts while employing a team of proprietary traders and quantitative analysts with two long time partners out of their office in Chicago’s west suburbs. The Manager has 23 years of full time experience and has traded over 70 million futures contracts, all for his own account. He also wrote and executed his first futures trading system in 1990. The Manager has been registered with the NFA since July 1993. He graduated from Marquette University in 1987 with a degree in finance.


Name:  Ross Crotinger
Position:  Principal
Biography: 

The Manager is the co-founder and a manager of the General Partner. He is also a director of the Master Fund and the Offshore Feeder Fund. Prior to forming the General Partner, Ross was an Assistant Vice President of Institutional Sales at Newedge USA, LLC, formerly FIMAT USA, LLC, where he was registered as an AP from June 2005 through December 2009. At Newedge, the Manager was a broker and relationship manager for CTA and hedge fund clients who cumulatively managed more than $50 billion in customer assets. Prior to joining Newedge/FIMAT, he was a senior sales trader on the global futures sales desk at Lehman Brothers in Chicago where he was registered as an AP from August 2000 to June 2005. During the Manager’s time at Lehman Brothers, he handled the major client lines, managed several important relationships and worked with very high level clients and Lehman colleagues in implementing large and sophisticated client and proprietary transactions. The Manager has been researching and trading his own trading systems for numerous years with his own funds. He graduated in 1987 from the University of Illinois with a degree in agricultural economics. He continued his education at Loyola University in Chicago, earning an MBA in finance in 1991.


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.