Altegris Clearing Solutions Quest Partners LLC Quest Tracker Index Program (QTI) *QEP*
Monthly Performance (%)
Date Range: 07/11 - 10/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -2.75 1.45 -3.07 0.20 0.21 0.25 1.67 1.94 -2.25 4.71 2.12
2016 5.81 5.60 -5.24 -1.86 -3.04 2.31 2.38 -5.03 -4.13 -4.60 1.50 2.51 -4.62
2015 8.89 -0.93 1.10 -3.47 -2.00 -6.05 1.08 -4.60 4.05 -3.93 3.70 -3.72 -6.71
2014 -0.69 4.43 -5.67 -2.53 4.38 3.78 -0.92 3.86 0.70 3.81 7.67 1.88 21.89
2013 1.78 -1.19 1.38 1.88 -4.32 -3.95 0.72 -2.15 0.69 1.92 1.95 1.01 -0.57
2012 4.55 0.42 -3.95 2.05 7.47 -4.25 5.92 -0.68 -0.99 -6.06 1.65 0.20 5.54
2011 1.06 2.03 -4.61 -1.07 0.82 -1.90
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Quest Tracker Index (QTI) program is a low cost systematic program that seeks to replicate the performance generated by the broad class of managed futures trading strategies of trend-following CTAs and to match the performance of widely-followed CTA indices on a risk-adjusted basis. QTI is comprised of 47 specified futures contracts in markets for currencies, fixed-income, equity indices and commodities. Three trading systems are implemented. QTI’s index level is calculated daily by S&P Dow Jones Indices and is published daily on Bloomberg under the ticker QTI .

Performance Statistics
Date Range: 07/11 - 10/17
  Program SP500 TR Altegris 40
Total Return 14.00% 123.26% 4.81%
Annualized Return 2.12% 13.52% 0.74%
Annualized Std. Deviation 12.10% 10.95% 8.45%
Correlation -0.09 0.84
Sharpe Ratio (rf=2.5%) -0.03 1.01 -0.21
Worst Month -6.06% -7.03% -5.20%
Date of Worst Month 10/2012 09/2011 06/2015
Worst Drawdown -21.98% -13.86% -13.33%
Date of Worst Drawdown 3/15 - 3/17 7/11 - 9/11 7/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 07/11 - 10/17
Year or YTD Program SP500 TR Altegris 40
2017 2.12 16.92 0.02
2016 -4.62 11.98 -3.13
2015 -6.71 1.41 0.09
2014 21.89 13.69 15.75
2013 -0.57 32.41 -2.45
2012 5.54 15.98 -4.75
2011 -1.90 -1.69 -3.00
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 07/11 - 10/17
Date: 10/31/2017
Perf: $1,011.75 Date: 9/30/2017
Perf: $971.06 Date: 8/31/2017
Perf: $991.99 Date: 7/31/2017
Perf: $975.79 Date: 6/30/2017
Perf: $972.00 Date: 5/31/2017
Perf: $1,001.24 Date: 4/30/2017
Perf: $999.34 Date: 3/31/2017
Perf: $1,005.37 Date: 2/28/2017
Perf: $1,020.27 Date: 1/31/2017
Perf: $998.50 Date: 12/31/2016
Perf: $1,011.55 Date: 11/30/2016
Perf: $1,003.92 Date: 10/31/2016
Perf: $1,015.08 Date: 9/30/2016
Perf: $1,041.97 Date: 8/31/2016
Perf: $1,055.58 Date: 7/31/2016
Perf: $1,084.76 Date: 6/30/2016
Perf: $1,073.81 Date: 5/31/2016
Perf: $1,030.03 Date: 4/30/2016
Perf: $1,048.38 Date: 3/31/2016
Perf: $1,075.37 Date: 2/29/2016
Perf: $1,107.15 Date: 1/31/2016
Perf: $1,080.57 Date: 12/31/2015
Perf: $1,044.23 Date: 11/30/2015
Perf: $1,068.81 Date: 10/31/2015
Perf: $1,033.56 Date: 9/30/2015
Perf: $1,051.87 Date: 8/31/2015
Perf: $1,029.53 Date: 7/31/2015
Perf: $1,047.65 Date: 6/30/2015
Perf: $1,008.23 Date: 5/31/2015
Perf: $1,063.53 Date: 4/30/2015
Perf: $1,071.25 Date: 3/31/2015
Perf: $1,114.26 Date: 2/28/2015
Perf: $1,090.16 Date: 1/31/2015
Perf: $1,091.91 Date: 12/31/2014
Perf: $1,043.29 Date: 11/30/2014
Perf: $1,025.25 Date: 10/31/2014
Perf: $967.67 Date: 9/30/2014
Perf: $953.65 Date: 8/31/2014
Perf: $939.65 Date: 7/31/2014
Perf: $901.52 Date: 6/30/2014
Perf: $908.79 Date: 5/31/2014
Perf: $901.04 Date: 4/30/2014
Perf: $878.55 Date: 3/31/2014
Perf: $871.92 Date: 2/28/2014
Perf: $885.02 Date: 1/31/2014
Perf: $877.82 Date: 12/31/2013
Perf: $901.35 Date: 11/30/2013
Perf: $902.61 Date: 10/31/2013
Perf: $886.56 Date: 9/30/2013
Perf: $866.72 Date: 8/31/2013
Perf: $871.95 Date: 7/31/2013
Perf: $889.02 Date: 6/30/2013
Perf: $896.82 Date: 5/31/2013
Perf: $932.15 Date: 4/30/2013
Perf: $974.03 Date: 3/31/2013
Perf: $949.53 Date: 2/28/2013
Perf: $936.05 Date: 1/31/2013
Perf: $941.51 Date: 12/31/2012
Perf: $923.96 Date: 11/30/2012
Perf: $919.45 Date: 10/31/2012
Perf: $916.89 Date: 9/30/2012
Perf: $951.33 Date: 8/31/2012
Perf: $967.29 Date: 7/31/2012
Perf: $980.62 Date: 6/30/2012
Perf: $942.09 Date: 5/31/2012
Perf: $978.90 Date: 4/30/2012
Perf: $960.64 Date: 3/31/2012
Perf: $954.91 Date: 2/29/2012
Perf: $977.10 Date: 1/31/2012
Perf: $973.11 Date: 12/31/2011
Perf: $970.00 Date: 11/30/2011
Perf: $960.78 Date: 10/31/2011
Perf: $957.90 Date: 9/30/2011
Perf: $997.40 Date: 8/31/2011
Perf: $998.00 Date: 7/31/2011
Perf: $1,000.00 Date: 10/31/2017
Perf: $2,278.83 Date: 9/30/2017
Perf: $2,226.94 Date: 8/31/2017
Perf: $2,181.99 Date: 7/31/2017
Perf: $2,175.25 Date: 6/30/2017
Perf: $2,131.34 Date: 5/31/2017
Perf: $2,118.21 Date: 4/30/2017
Perf: $2,088.76 Date: 3/31/2017
Perf: $2,067.46 Date: 2/28/2017
Perf: $2,064.99 Date: 1/31/2017
Perf: $1,986.14 Date: 12/31/2016
Perf: $1,949.10 Date: 11/30/2016
Perf: $1,911.26 Date: 10/31/2016
Perf: $1,843.07 Date: 9/30/2016
Perf: $1,877.23 Date: 8/31/2016
Perf: $1,876.86 Date: 7/31/2016
Perf: $1,874.23 Date: 6/30/2016
Perf: $1,807.54 Date: 5/31/2016
Perf: $1,802.85 Date: 4/30/2016
Perf: $1,770.97 Date: 3/31/2016
Perf: $1,764.09 Date: 2/29/2016
Perf: $1,652.08 Date: 1/31/2016
Perf: $1,654.23 Date: 12/31/2015
Perf: $1,740.56 Date: 11/30/2015
Perf: $1,768.50 Date: 10/31/2015
Perf: $1,763.22 Date: 9/30/2015
Perf: $1,625.98 Date: 8/31/2015
Perf: $1,667.16 Date: 7/31/2015
Perf: $1,774.14 Date: 6/30/2015
Perf: $1,737.65 Date: 5/31/2015
Perf: $1,772.03 Date: 4/30/2015
Perf: $1,749.46 Date: 3/31/2015
Perf: $1,732.83 Date: 2/28/2015
Perf: $1,760.64 Date: 1/31/2015
Perf: $1,664.91 Date: 12/31/2014
Perf: $1,716.40 Date: 11/30/2014
Perf: $1,720.71 Date: 10/31/2014
Perf: $1,675.63 Date: 9/30/2014
Perf: $1,635.72 Date: 8/31/2014
Perf: $1,658.94 Date: 7/31/2014
Perf: $1,595.14 Date: 6/30/2014
Perf: $1,617.46 Date: 5/31/2014
Perf: $1,584.66 Date: 4/30/2014
Perf: $1,548.27 Date: 3/31/2014
Perf: $1,536.90 Date: 2/28/2014
Perf: $1,524.10 Date: 1/31/2014
Perf: $1,457.49 Date: 12/31/2013
Perf: $1,509.73 Date: 11/30/2013
Perf: $1,472.47 Date: 10/31/2013
Perf: $1,428.89 Date: 9/30/2013
Perf: $1,366.05 Date: 8/31/2013
Perf: $1,324.47 Date: 7/31/2013
Perf: $1,364.02 Date: 6/30/2013
Perf: $1,297.96 Date: 5/31/2013
Perf: $1,315.58 Date: 4/30/2013
Perf: $1,285.50 Date: 3/31/2013
Perf: $1,261.16 Date: 2/28/2013
Perf: $1,215.58 Date: 1/31/2013
Perf: $1,199.27 Date: 12/31/2012
Perf: $1,140.21 Date: 11/30/2012
Perf: $1,129.92 Date: 10/31/2012
Perf: $1,123.41 Date: 9/30/2012
Perf: $1,144.58 Date: 8/31/2012
Perf: $1,115.80 Date: 7/31/2012
Perf: $1,091.24 Date: 6/30/2012
Perf: $1,076.28 Date: 5/31/2012
Perf: $1,033.69 Date: 4/30/2012
Perf: $1,099.79 Date: 3/31/2012
Perf: $1,106.76 Date: 2/29/2012
Perf: $1,071.51 Date: 1/31/2012
Perf: $1,027.14 Date: 12/31/2011
Perf: $983.10 Date: 11/30/2011
Perf: $973.17 Date: 10/31/2011
Perf: $975.32 Date: 9/30/2011
Perf: $879.22 Date: 8/31/2011
Perf: $945.70 Date: 7/31/2011
Perf: $1,000.00 Date: 10/31/2017
Perf: $1,140.00 Date: 9/30/2017
Perf: $1,088.72 Date: 8/31/2017
Perf: $1,113.78 Date: 7/31/2017
Perf: $1,092.59 Date: 6/30/2017
Perf: $1,074.64 Date: 5/31/2017
Perf: $1,071.96 Date: 4/30/2017
Perf: $1,069.72 Date: 3/31/2017
Perf: $1,067.58 Date: 2/28/2017
Perf: $1,101.39 Date: 1/31/2017
Perf: $1,085.65 Date: 12/31/2016
Perf: $1,116.35 Date: 11/30/2016
Perf: $1,089.02 Date: 10/31/2016
Perf: $1,072.92 Date: 9/30/2016
Perf: $1,124.66 Date: 8/31/2016
Perf: $1,173.11 Date: 7/31/2016
Perf: $1,235.24 Date: 6/30/2016
Perf: $1,206.52 Date: 5/31/2016
Perf: $1,179.28 Date: 4/30/2016
Perf: $1,216.26 Date: 3/31/2016
Perf: $1,239.31 Date: 2/29/2016
Perf: $1,307.84 Date: 1/31/2016
Perf: $1,238.48 Date: 12/31/2015
Perf: $1,170.48 Date: 11/30/2015
Perf: $1,215.70 Date: 10/31/2015
Perf: $1,172.33 Date: 9/30/2015
Perf: $1,220.28 Date: 8/31/2015
Perf: $1,172.79 Date: 7/31/2015
Perf: $1,229.33 Date: 6/30/2015
Perf: $1,216.20 Date: 5/31/2015
Perf: $1,294.52 Date: 4/30/2015
Perf: $1,320.94 Date: 3/31/2015
Perf: $1,368.42 Date: 2/28/2015
Perf: $1,353.53 Date: 1/31/2015
Perf: $1,366.24 Date: 12/31/2014
Perf: $1,254.70 Date: 11/30/2014
Perf: $1,231.54 Date: 10/31/2014
Perf: $1,143.81 Date: 9/30/2014
Perf: $1,101.83 Date: 8/31/2014
Perf: $1,094.17 Date: 7/31/2014
Perf: $1,053.51 Date: 6/30/2014
Perf: $1,063.29 Date: 5/31/2014
Perf: $1,024.56 Date: 4/30/2014
Perf: $981.57 Date: 3/31/2014
Perf: $1,007.05 Date: 2/28/2014
Perf: $1,067.58 Date: 1/31/2014
Perf: $1,022.29 Date: 12/31/2013
Perf: $1,029.39 Date: 11/30/2013
Perf: $1,019.10 Date: 10/31/2013
Perf: $999.61 Date: 9/30/2013
Perf: $980.78 Date: 8/31/2013
Perf: $974.06 Date: 7/31/2013
Perf: $995.46 Date: 6/30/2013
Perf: $988.34 Date: 5/31/2013
Perf: $1,028.99 Date: 4/30/2013
Perf: $1,075.45 Date: 3/31/2013
Perf: $1,055.60 Date: 2/28/2013
Perf: $1,041.23 Date: 1/31/2013
Perf: $1,053.77 Date: 12/31/2012
Perf: $1,035.34 Date: 11/30/2012
Perf: $1,033.28 Date: 10/31/2012
Perf: $1,016.51 Date: 9/30/2012
Perf: $1,082.08 Date: 8/31/2012
Perf: $1,092.90 Date: 7/31/2012
Perf: $1,100.38 Date: 6/30/2012
Perf: $1,038.88 Date: 5/31/2012
Perf: $1,084.99 Date: 4/30/2012
Perf: $1,009.58 Date: 3/31/2012
Perf: $989.30 Date: 2/29/2012
Perf: $1,029.98 Date: 1/31/2012
Perf: $1,025.67 Date: 12/31/2011
Perf: $981.04 Date: 11/30/2011
Perf: $973.06 Date: 10/31/2011
Perf: $983.58 Date: 9/30/2011
Perf: $1,031.12 Date: 8/31/2011
Perf: $1,010.60 Date: 7/31/2011
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 07/11 - 10/17
Date: 10/31/2017
Return: 4.71 % Date: 9/30/2017
Return: -2.25 % Date: 8/31/2017
Return: 1.94 % Date: 7/31/2017
Return: 1.67 % Date: 6/30/2017
Return: 0.25 % Date: 5/31/2017
Return: 0.21 % Date: 4/30/2017
Return: 0.20 % Date: 3/31/2017
Return: -3.07 % Date: 2/28/2017
Return: 1.45 % Date: 1/31/2017
Return: -2.75 % Date: 12/31/2016
Return: 2.51 % Date: 11/30/2016
Return: 1.50 % Date: 10/31/2016
Return: -4.60 % Date: 9/30/2016
Return: -4.13 % Date: 8/31/2016
Return: -5.03 % Date: 7/31/2016
Return: 2.38 % Date: 6/30/2016
Return: 2.31 % Date: 5/31/2016
Return: -3.04 % Date: 4/30/2016
Return: -1.86 % Date: 3/31/2016
Return: -5.24 % Date: 2/29/2016
Return: 5.60 % Date: 1/31/2016
Return: 5.81 % Date: 12/31/2015
Return: -3.72 % Date: 11/30/2015
Return: 3.70 % Date: 10/31/2015
Return: -3.93 % Date: 9/30/2015
Return: 4.05 % Date: 8/31/2015
Return: -4.60 % Date: 7/31/2015
Return: 1.08 % Date: 6/30/2015
Return: -6.05 % Date: 5/31/2015
Return: -2.00 % Date: 4/30/2015
Return: -3.47 % Date: 3/31/2015
Return: 1.10 % Date: 2/28/2015
Return: -0.93 % Date: 1/31/2015
Return: 8.89 % Date: 12/31/2014
Return: 1.88 % Date: 11/30/2014
Return: 7.67 % Date: 10/31/2014
Return: 3.81 % Date: 9/30/2014
Return: 0.70 % Date: 8/31/2014
Return: 3.86 % Date: 7/31/2014
Return: -0.92 % Date: 6/30/2014
Return: 3.78 % Date: 5/31/2014
Return: 4.38 % Date: 4/30/2014
Return: -2.53 % Date: 3/31/2014
Return: -5.67 % Date: 2/28/2014
Return: 4.43 % Date: 1/31/2014
Return: -0.69 % Date: 12/31/2013
Return: 1.01 % Date: 11/30/2013
Return: 1.95 % Date: 10/31/2013
Return: 1.92 % Date: 9/30/2013
Return: 0.69 % Date: 8/31/2013
Return: -2.15 % Date: 7/31/2013
Return: 0.72 % Date: 6/30/2013
Return: -3.95 % Date: 5/31/2013
Return: -4.32 % Date: 4/30/2013
Return: 1.88 % Date: 3/31/2013
Return: 1.38 % Date: 2/28/2013
Return: -1.19 % Date: 1/31/2013
Return: 1.78 % Date: 12/31/2012
Return: 0.20 % Date: 11/30/2012
Return: 1.65 % Date: 10/31/2012
Return: -6.06 % Date: 9/30/2012
Return: -0.99 % Date: 8/31/2012
Return: -0.68 % Date: 7/31/2012
Return: 5.92 % Date: 6/30/2012
Return: -4.25 % Date: 5/31/2012
Return: 7.47 % Date: 4/30/2012
Return: 2.05 % Date: 3/31/2012
Return: -3.95 % Date: 2/29/2012
Return: 0.42 % Date: 1/31/2012
Return: 4.55 % Date: 12/31/2011
Return: 0.82 % Date: 11/30/2011
Return: -1.07 % Date: 10/31/2011
Return: -4.61 % Date: 9/30/2011
Return: 2.03 % Date: 8/31/2011
Return: 1.06 % Date: 7/31/2011
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 07/11 - 10/17
Return: 3.00 %
Count: 1 Return: 9.00 %
Count: 1 Return: 8.00 %
Count: 1 Return: -3.00 %
Count: 5 Return: 4.00 %
Count: 7 Return: -2.00 %
Count: 4 Return: -6.00 %
Count: 3 Return: 6.00 %
Count: 3 Return: 7.00 %
Count: 1 Return: -4.00 %
Count: 7 Return: 5.00 %
Count: 2 Return: -1.00 %
Count: 7 Return: -5.00 %
Count: 5 Return: 2.00 %
Count: 12 Return: 1.00 %
Count: 11 Return: 0.00 %
Count: 6
Note: All performance data is since program inception.

Underwater Curve
Date Range: 07/11 - 10/17
Date: 10/31/2017
Drawdown: -16.69 % Date: 9/30/2017
Drawdown: -20.44 % Date: 8/31/2017
Drawdown: -18.61 % Date: 7/31/2017
Drawdown: -20.16 % Date: 6/30/2017
Drawdown: -21.47 % Date: 5/31/2017
Drawdown: -21.66 % Date: 4/30/2017
Drawdown: -21.83 % Date: 3/31/2017
Drawdown: -21.98 % Date: 2/28/2017
Drawdown: -19.51 % Date: 1/31/2017
Drawdown: -20.66 % Date: 12/31/2016
Drawdown: -18.42 % Date: 11/30/2016
Drawdown: -20.42 % Date: 10/31/2016
Drawdown: -21.59 % Date: 9/30/2016
Drawdown: -17.81 % Date: 8/31/2016
Drawdown: -14.27 % Date: 7/31/2016
Drawdown: -9.73 % Date: 6/30/2016
Drawdown: -11.83 % Date: 5/31/2016
Drawdown: -13.82 % Date: 4/30/2016
Drawdown: -11.12 % Date: 3/31/2016
Drawdown: -9.44 % Date: 2/29/2016
Drawdown: -4.43 % Date: 1/31/2016
Drawdown: -9.50 % Date: 12/31/2015
Drawdown: -14.47 % Date: 11/30/2015
Drawdown: -11.16 % Date: 10/31/2015
Drawdown: -14.33 % Date: 9/30/2015
Drawdown: -10.83 % Date: 8/31/2015
Drawdown: -14.30 % Date: 7/31/2015
Drawdown: -10.16 % Date: 6/30/2015
Drawdown: -11.12 % Date: 5/31/2015
Drawdown: -5.40 % Date: 4/30/2015
Drawdown: -3.47 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -0.93 % 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: -0.56 % Date: 7/31/2014
Drawdown: -4.26 % Date: 6/30/2014
Drawdown: -3.37 % Date: 5/31/2014
Drawdown: -6.89 % Date: 4/30/2014
Drawdown: -10.80 % Date: 3/31/2014
Drawdown: -8.48 % Date: 2/28/2014
Drawdown: -2.98 % Date: 1/31/2014
Drawdown: -7.10 % Date: 12/31/2013
Drawdown: -6.45 % Date: 11/30/2013
Drawdown: -7.39 % Date: 10/31/2013
Drawdown: -9.16 % Date: 9/30/2013
Drawdown: -10.87 % Date: 8/31/2013
Drawdown: -11.48 % Date: 7/31/2013
Drawdown: -9.54 % Date: 6/30/2013
Drawdown: -10.18 % Date: 5/31/2013
Drawdown: -6.49 % Date: 4/30/2013
Drawdown: -2.27 % Date: 3/31/2013
Drawdown: -4.07 % Date: 2/28/2013
Drawdown: -5.38 % Date: 1/31/2013
Drawdown: -4.24 % Date: 12/31/2012
Drawdown: -5.91 % Date: 11/30/2012
Drawdown: -6.10 % Date: 10/31/2012
Drawdown: -7.62 % Date: 9/30/2012
Drawdown: -1.66 % Date: 8/31/2012
Drawdown: -0.68 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: -4.25 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: -2.09 % Date: 3/31/2012
Drawdown: -4.06 % Date: 2/29/2012
Drawdown: -0.11 % Date: 1/31/2012
Drawdown: -0.53 % Date: 12/31/2011
Drawdown: -4.86 % Date: 11/30/2011
Drawdown: -5.63 % Date: 10/31/2011
Drawdown: -4.61 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Quest Partners LLC
Address: 126 East 56th 25th Floor
City: New York
State: NY
Zip: 10022
Country: USA
Key People
Name:  Nigol Koulajain
Position:  Principal
Biography: 


Name:  Paul Czkwianianc
Position:  Principal
Biography: 

Head of Research


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.