Altegris Clearing Solutions Sophic Associates, LLC Sophic Macro *QEP*
Monthly Performance (%)
Date Range: 12/12 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.72 -1.49 -2.20
2016 7.47 2.34 -0.84 -0.09 -1.04 -0.08 -0.08 -0.08 -0.08 -0.08 -0.08 -0.08 7.23
2015 0.07 0.95 -1.10 0.08 -2.77 -2.77 1.51 -0.57 -0.08 2.76 -1.40 2.27 -1.22
2014 -0.08 2.71 -1.91 -0.74 -3.05 0.32 0.26 7.08 2.39 -1.65 3.28 -1.20 7.21
2013 0.94 -0.37 -0.83 1.17 -0.33 -1.08 -1.61 -2.95 -0.68 3.37 -2.54 -2.11 -6.96
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Sophic Macro aims to provide superior absolute risk adjusted returns by melding technical and fundamental analysis with an objective psychological overlay. Risk management is always paramount to our process. We developed an acronym for our investment methodology, DAMP: Defense first Advanced entry Market trend Psychological analysis Sophic seeks to generate alpha by adhering to the above four core beliefs. These tenets are designed to successfully identify trends and lock in profits in both bull and bear markets. Our primary goal is to capture the bulk of a move, not pick the exact top or bottom.

Performance Statistics
Date Range: 12/12 - 02/17
  Program SP500 TR Altegris 40
Total Return 3.33% 82.75% 10.96%
Annualized Return 0.79% 15.24% 2.48%
Annualized Std. Deviation 7.44% 10.12% 8.76%
Correlation 0.05 0.38
Sharpe Ratio (rf=2.5%) -0.23 1.26 0.00
Worst Month -3.05% -6.03% -5.20%
Date of Worst Month 05/2014 08/2015 06/2015
Worst Drawdown -10.71% -8.35% -11.02%
Date of Worst Drawdown 1/13 - 5/14 7/15 - 9/15 4/13 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 12/12 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 -2.20 5.95 0.86
2016 7.23 11.98 -3.13
2015 -1.22 1.41 0.09
2014 7.21 13.69 15.75
2013 -6.96 32.41 -2.45
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 12/12 - 02/17
Date: 2/28/2017
Perf: $1,104.23 Date: 1/31/2017
Perf: $1,080.67 Date: 12/31/2016
Perf: $1,094.80 Date: 11/30/2016
Perf: $1,086.54 Date: 10/31/2016
Perf: $1,098.62 Date: 9/30/2016
Perf: $1,127.72 Date: 8/31/2016
Perf: $1,142.46 Date: 7/31/2016
Perf: $1,174.04 Date: 6/30/2016
Perf: $1,162.18 Date: 5/31/2016
Perf: $1,114.80 Date: 4/30/2016
Perf: $1,134.66 Date: 3/31/2016
Perf: $1,163.87 Date: 2/29/2016
Perf: $1,198.26 Date: 1/31/2016
Perf: $1,169.49 Date: 12/31/2015
Perf: $1,130.16 Date: 11/30/2015
Perf: $1,156.77 Date: 10/31/2015
Perf: $1,118.62 Date: 9/30/2015
Perf: $1,138.43 Date: 8/31/2015
Perf: $1,114.25 Date: 7/31/2015
Perf: $1,133.87 Date: 6/30/2015
Perf: $1,091.20 Date: 5/31/2015
Perf: $1,151.06 Date: 4/30/2015
Perf: $1,159.41 Date: 3/31/2015
Perf: $1,205.96 Date: 2/28/2015
Perf: $1,179.88 Date: 1/31/2015
Perf: $1,181.77 Date: 12/31/2014
Perf: $1,129.15 Date: 11/30/2014
Perf: $1,109.62 Date: 10/31/2014
Perf: $1,047.31 Date: 9/30/2014
Perf: $1,032.14 Date: 8/31/2014
Perf: $1,016.98 Date: 7/31/2014
Perf: $975.71 Date: 6/30/2014
Perf: $983.58 Date: 5/31/2014
Perf: $975.19 Date: 4/30/2014
Perf: $950.85 Date: 3/31/2014
Perf: $943.68 Date: 2/28/2014
Perf: $957.86 Date: 1/31/2014
Perf: $950.07 Date: 12/31/2013
Perf: $975.53 Date: 11/30/2013
Perf: $976.89 Date: 10/31/2013
Perf: $959.53 Date: 9/30/2013
Perf: $938.05 Date: 8/31/2013
Perf: $943.71 Date: 7/31/2013
Perf: $962.18 Date: 6/30/2013
Perf: $970.63 Date: 5/31/2013
Perf: $1,008.86 Date: 4/30/2013
Perf: $1,054.19 Date: 3/31/2013
Perf: $1,027.68 Date: 2/28/2013
Perf: $1,013.09 Date: 1/31/2013
Perf: $1,019.00 Date: 12/31/2012
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,811.06 Date: 1/31/2017
Perf: $1,741.91 Date: 12/31/2016
Perf: $1,709.43 Date: 11/30/2016
Perf: $1,676.24 Date: 10/31/2016
Perf: $1,616.43 Date: 9/30/2016
Perf: $1,646.40 Date: 8/31/2016
Perf: $1,646.07 Date: 7/31/2016
Perf: $1,643.77 Date: 6/30/2016
Perf: $1,585.27 Date: 5/31/2016
Perf: $1,581.16 Date: 4/30/2016
Perf: $1,553.20 Date: 3/31/2016
Perf: $1,547.17 Date: 2/29/2016
Perf: $1,448.93 Date: 1/31/2016
Perf: $1,450.82 Date: 12/31/2015
Perf: $1,526.53 Date: 11/30/2015
Perf: $1,551.04 Date: 10/31/2015
Perf: $1,546.40 Date: 9/30/2015
Perf: $1,426.04 Date: 8/31/2015
Perf: $1,462.16 Date: 7/31/2015
Perf: $1,555.98 Date: 6/30/2015
Perf: $1,523.98 Date: 5/31/2015
Perf: $1,554.13 Date: 4/30/2015
Perf: $1,534.34 Date: 3/31/2015
Perf: $1,519.75 Date: 2/28/2015
Perf: $1,544.14 Date: 1/31/2015
Perf: $1,460.18 Date: 12/31/2014
Perf: $1,505.34 Date: 11/30/2014
Perf: $1,509.12 Date: 10/31/2014
Perf: $1,469.59 Date: 9/30/2014
Perf: $1,434.58 Date: 8/31/2014
Perf: $1,454.95 Date: 7/31/2014
Perf: $1,398.99 Date: 6/30/2014
Perf: $1,418.57 Date: 5/31/2014
Perf: $1,389.80 Date: 4/30/2014
Perf: $1,357.89 Date: 3/31/2014
Perf: $1,347.91 Date: 2/28/2014
Perf: $1,336.69 Date: 1/31/2014
Perf: $1,278.27 Date: 12/31/2013
Perf: $1,324.08 Date: 11/30/2013
Perf: $1,291.41 Date: 10/31/2013
Perf: $1,253.19 Date: 9/30/2013
Perf: $1,198.08 Date: 8/31/2013
Perf: $1,161.60 Date: 7/31/2013
Perf: $1,196.29 Date: 6/30/2013
Perf: $1,138.35 Date: 5/31/2013
Perf: $1,153.81 Date: 4/30/2013
Perf: $1,127.43 Date: 3/31/2013
Perf: $1,106.08 Date: 2/28/2013
Perf: $1,066.10 Date: 1/31/2013
Perf: $1,051.80 Date: 12/31/2012
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,033.35 Date: 1/31/2017
Perf: $1,048.98 Date: 12/31/2016
Perf: $1,056.58 Date: 11/30/2016
Perf: $1,057.43 Date: 10/31/2016
Perf: $1,058.28 Date: 9/30/2016
Perf: $1,059.12 Date: 8/31/2016
Perf: $1,059.97 Date: 7/31/2016
Perf: $1,060.82 Date: 6/30/2016
Perf: $1,061.67 Date: 5/31/2016
Perf: $1,062.52 Date: 4/30/2016
Perf: $1,073.69 Date: 3/31/2016
Perf: $1,074.65 Date: 2/29/2016
Perf: $1,083.76 Date: 1/31/2016
Perf: $1,058.98 Date: 12/31/2015
Perf: $985.37 Date: 11/30/2015
Perf: $963.50 Date: 10/31/2015
Perf: $977.18 Date: 9/30/2015
Perf: $950.93 Date: 8/31/2015
Perf: $951.70 Date: 7/31/2015
Perf: $957.15 Date: 6/30/2015
Perf: $942.91 Date: 5/31/2015
Perf: $969.78 Date: 4/30/2015
Perf: $997.40 Date: 3/31/2015
Perf: $996.61 Date: 2/28/2015
Perf: $1,007.69 Date: 1/31/2015
Perf: $998.21 Date: 12/31/2014
Perf: $997.51 Date: 11/30/2014
Perf: $1,009.63 Date: 10/31/2014
Perf: $977.56 Date: 9/30/2014
Perf: $993.96 Date: 8/31/2014
Perf: $970.76 Date: 7/31/2014
Perf: $906.58 Date: 6/30/2014
Perf: $904.22 Date: 5/31/2014
Perf: $901.34 Date: 4/30/2014
Perf: $929.70 Date: 3/31/2014
Perf: $936.63 Date: 2/28/2014
Perf: $954.86 Date: 1/31/2014
Perf: $929.67 Date: 12/31/2013
Perf: $930.41 Date: 11/30/2013
Perf: $950.47 Date: 10/31/2013
Perf: $975.24 Date: 9/30/2013
Perf: $943.45 Date: 8/31/2013
Perf: $949.91 Date: 7/31/2013
Perf: $978.78 Date: 6/30/2013
Perf: $994.80 Date: 5/31/2013
Perf: $1,005.66 Date: 4/30/2013
Perf: $1,008.99 Date: 3/31/2013
Perf: $997.32 Date: 2/28/2013
Perf: $1,005.67 Date: 1/31/2013
Perf: $1,009.40 Date: 12/31/2012
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 12/12 - 02/17
Date: 2/28/2017
Return: -1.49 % Date: 1/31/2017
Return: -0.72 % Date: 12/31/2016
Return: -0.08 % Date: 11/30/2016
Return: -0.08 % Date: 10/31/2016
Return: -0.08 % Date: 9/30/2016
Return: -0.08 % Date: 8/31/2016
Return: -0.08 % Date: 7/31/2016
Return: -0.08 % Date: 6/30/2016
Return: -0.08 % Date: 5/31/2016
Return: -1.04 % Date: 4/30/2016
Return: -0.09 % Date: 3/31/2016
Return: -0.84 % Date: 2/29/2016
Return: 2.34 % Date: 1/31/2016
Return: 7.47 % Date: 12/31/2015
Return: 2.27 % Date: 11/30/2015
Return: -1.40 % Date: 10/31/2015
Return: 2.76 % Date: 9/30/2015
Return: -0.08 % Date: 8/31/2015
Return: -0.57 % Date: 7/31/2015
Return: 1.51 % Date: 6/30/2015
Return: -2.77 % Date: 5/31/2015
Return: -2.77 % Date: 4/30/2015
Return: 0.08 % Date: 3/31/2015
Return: -1.10 % Date: 2/28/2015
Return: 0.95 % Date: 1/31/2015
Return: 0.07 % Date: 12/31/2014
Return: -1.20 % Date: 11/30/2014
Return: 3.28 % Date: 10/31/2014
Return: -1.65 % Date: 9/30/2014
Return: 2.39 % Date: 8/31/2014
Return: 7.08 % Date: 7/31/2014
Return: 0.26 % Date: 6/30/2014
Return: 0.32 % Date: 5/31/2014
Return: -3.05 % Date: 4/30/2014
Return: -0.74 % Date: 3/31/2014
Return: -1.91 % Date: 2/28/2014
Return: 2.71 % Date: 1/31/2014
Return: -0.08 % Date: 12/31/2013
Return: -2.11 % Date: 11/30/2013
Return: -2.54 % Date: 10/31/2013
Return: 3.37 % Date: 9/30/2013
Return: -0.68 % Date: 8/31/2013
Return: -2.95 % Date: 7/31/2013
Return: -1.61 % Date: 6/30/2013
Return: -1.08 % Date: 5/31/2013
Return: -0.33 % Date: 4/30/2013
Return: 1.17 % Date: 3/31/2013
Return: -0.83 % Date: 2/28/2013
Return: -0.37 % Date: 1/31/2013
Return: 0.94 % Date: 12/31/2012
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 12/12 - 02/17
Return: 2.00 %
Count: 4 Return: 7.00 %
Count: 2 Return: 3.00 %
Count: 4 Return: -3.00 %
Count: 5 Return: -2.00 %
Count: 4 Return: -1.00 %
Count: 12 Return: 1.00 %
Count: 3 Return: 0.00 %
Count: 17
Note: All performance data is since program inception.

Underwater Curve
Date Range: 12/12 - 02/17
Date: 2/28/2017
Drawdown: -4.65 % Date: 1/31/2017
Drawdown: -3.21 % Date: 12/31/2016
Drawdown: -2.51 % Date: 11/30/2016
Drawdown: -2.43 % Date: 10/31/2016
Drawdown: -2.35 % Date: 9/30/2016
Drawdown: -2.27 % Date: 8/31/2016
Drawdown: -2.19 % Date: 7/31/2016
Drawdown: -2.12 % Date: 6/30/2016
Drawdown: -2.04 % Date: 5/31/2016
Drawdown: -1.96 % Date: 4/30/2016
Drawdown: -0.93 % Date: 3/31/2016
Drawdown: -0.84 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: 0.00 % Date: 12/31/2015
Drawdown: -2.40 % Date: 11/30/2015
Drawdown: -4.57 % Date: 10/31/2015
Drawdown: -3.21 % Date: 9/30/2015
Drawdown: -5.81 % Date: 8/31/2015
Drawdown: -5.74 % Date: 7/31/2015
Drawdown: -5.20 % Date: 6/30/2015
Drawdown: -6.61 % Date: 5/31/2015
Drawdown: -3.95 % Date: 4/30/2015
Drawdown: -1.21 % Date: 3/31/2015
Drawdown: -1.29 % Date: 2/28/2015
Drawdown: -0.19 % Date: 1/31/2015
Drawdown: -1.13 % Date: 12/31/2014
Drawdown: -1.20 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -3.15 % Date: 9/30/2014
Drawdown: -1.53 % Date: 8/31/2014
Drawdown: -3.83 % Date: 7/31/2014
Drawdown: -10.19 % Date: 6/30/2014
Drawdown: -10.42 % Date: 5/31/2014
Drawdown: -10.71 % Date: 4/30/2014
Drawdown: -7.90 % Date: 3/31/2014
Drawdown: -7.21 % Date: 2/28/2014
Drawdown: -5.40 % Date: 1/31/2014
Drawdown: -7.90 % Date: 12/31/2013
Drawdown: -7.82 % Date: 11/30/2013
Drawdown: -5.84 % Date: 10/31/2013
Drawdown: -3.38 % Date: 9/30/2013
Drawdown: -6.53 % Date: 8/31/2013
Drawdown: -5.89 % Date: 7/31/2013
Drawdown: -3.03 % Date: 6/30/2013
Drawdown: -1.45 % Date: 5/31/2013
Drawdown: -0.37 % Date: 4/30/2013
Drawdown: -0.04 % Date: 3/31/2013
Drawdown: -1.20 % Date: 2/28/2013
Drawdown: -0.37 % Date: 1/31/2013
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Sophic Associates, LLC
Address: 6930 Piazza Street
City: Orlando
State: FL
Zip: 32819
Country: United States
Key People
Name:  Adam Sarhan
Position:  Principal
Biography: 

Adam Sarhan is the Chief Executive Officer and Portfolio Manager of the Advisor. He oversees Trading, Risk Management, Research and Operations. In October 2004, Mr. Sarhan founded and became the CEO of The Sarhan Analysis, LLC, a boutique investment firm that does business under its name and as "Sarhan Capital" and specializes in providing clients with an objective outlook on US equity and global capital markets. Its does this by providing consulting and research services on a limited basis. Mr. Sarhan, through The Sarhan Analysis, LLC, also publishes a weekly global macro research note and has built a personal and extensive database of market research since 2004. From October 2005 to October 2011, Mr. Sarhan was the Vice President of Investments for Source Capital Group, Inc. which is involved in investment banking and brokerage services in general securities, emerging market securities, distressed and high yield debt securities, investment management, mortgages, and business lending to its clients. As Vice President of Investments at Source Capital Group, Inc., Mr. Sarhan, among other things, generated research and supervised a team of analysts, optimized portfolio exposure across leading industry groups and actively rebalanced portfolios when technical or fundamental factors change. Mr. Sarhan became a principal of the Advisor on August 27, 2012 and a registered associated person on August 28, 2012. In 2007, Mr. Sarhan completed Bill O’Neil’s CAN SLIM Master’s program, an intense two day workshop which reviews key technical and fundamental factors about the U.S. stock market and key characteristics that some of the greatest stocks in history exhibited. The program also discusses advanced market and portfolio management strategies and concepts with Bill O'Neil and his portfolio managers. Mr Sarhan developed his own proprietary investment system, D.A.M.P. He holds a Masters and Bachelors degree in Political Science.


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.