Altegris Clearing Solutions Demeter Capital Management Livestock & Grain Trading Program
Monthly Performance (%)
Date Range: 02/10 - 08/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.03 4.52 0.75 -0.68 2.33 3.75 2.51 1.25 15.28
2016 -0.12 -0.78 -1.09 -1.42 -0.32 -0.21 4.20 -0.13 4.43 -1.44 -2.10 -0.99 -0.21
2015 5.20 -0.88 0.46 -1.94 -0.02 -0.64 -0.62 -2.49 -1.66 0.10 -0.06 0.82 -1.92
2014 1.69 7.12 2.56 0.37 2.27 2.40 5.39 1.01 1.23 -1.41 0.77 -2.78 22.23
2013 1.21 0.59 -2.68 1.70 -0.16 4.73 3.32 -0.39 1.19 -0.52 0.45 -1.37 8.14
2012 1.40 -1.58 -4.23 -3.78 -0.39 2.48 15.51 -2.56 -3.27 1.65 -2.43 -2.46 -1.13
2011 -0.10 9.07 5.81 2.75 -5.01 -3.81 1.67 0.23 -5.58 2.42 -0.87 0.35 6.11
2010 4.16 11.32 -6.87 -3.32 4.49 7.65 6.21 35.92 -20.92 4.44 40.01
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Program attempts to generate profits through the Advisor's discretionary selection of futures and options trades in agricultural markets. Trades are selected on the basis of fundamental analysis, which is concerned with any factor that would affect the supply and demand, and therefore the price, of a given instrument. The Advisor's market analysis tends to focus on seasonal trends and year-to-year comparisons. The Advisor absorbs and interprets a wide range of research on a daily basis, employing its principals' combined 40+ years of experience in agricultural futures markets. However, there is no assurance the Program will meet its objectives or that clients will avoid substantial losses.

Performance Statistics
Date Range: 02/10 - 08/17
  Program SP500 TR Altegris 40
Total Return 119.09% 170.53% 12.99%
Annualized Return 11.02% 14.02% 1.62%
Annualized Std. Deviation 19.31% 12.04% 8.62%
Correlation 0.23 0.35
Sharpe Ratio (rf=2.5%) 0.44 0.96 -0.10
Worst Month -20.92% -7.99% -5.20%
Date of Worst Month 11/2010 05/2010 06/2015
Worst Drawdown -20.92% -16.26% -15.74%
Date of Worst Drawdown 10/10 - 11/10 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 02/10 - 08/17
Year or YTD Program SP500 TR Altegris 40
2017 15.28 11.95 -1.93
2016 -0.21 11.98 -3.13
2015 -1.92 1.41 0.09
2014 22.23 13.69 15.75
2013 8.14 32.41 -2.45
2012 -1.13 15.98 -4.75
2011 6.11 2.12 -3.23
2010 40.01 15.77 13.11
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 02/10 - 08/17
Date: 8/31/2017
Perf: $1,119.36 Date: 7/31/2017
Perf: $1,101.09 Date: 6/30/2017
Perf: $1,096.81 Date: 5/31/2017
Perf: $1,129.80 Date: 4/30/2017
Perf: $1,127.66 Date: 3/31/2017
Perf: $1,134.46 Date: 2/28/2017
Perf: $1,151.27 Date: 1/31/2017
Perf: $1,126.71 Date: 12/31/2016
Perf: $1,141.43 Date: 11/30/2016
Perf: $1,132.82 Date: 10/31/2016
Perf: $1,145.42 Date: 9/30/2016
Perf: $1,175.76 Date: 8/31/2016
Perf: $1,191.12 Date: 7/31/2016
Perf: $1,224.05 Date: 6/30/2016
Perf: $1,211.69 Date: 5/31/2016
Perf: $1,162.29 Date: 4/30/2016
Perf: $1,183.00 Date: 3/31/2016
Perf: $1,213.45 Date: 2/29/2016
Perf: $1,249.31 Date: 1/31/2016
Perf: $1,219.31 Date: 12/31/2015
Perf: $1,178.31 Date: 11/30/2015
Perf: $1,206.05 Date: 10/31/2015
Perf: $1,166.28 Date: 9/30/2015
Perf: $1,186.93 Date: 8/31/2015
Perf: $1,161.72 Date: 7/31/2015
Perf: $1,182.17 Date: 6/30/2015
Perf: $1,137.69 Date: 5/31/2015
Perf: $1,200.09 Date: 4/30/2015
Perf: $1,208.80 Date: 3/31/2015
Perf: $1,257.33 Date: 2/28/2015
Perf: $1,230.15 Date: 1/31/2015
Perf: $1,232.12 Date: 12/31/2014
Perf: $1,177.26 Date: 11/30/2014
Perf: $1,156.89 Date: 10/31/2014
Perf: $1,091.93 Date: 9/30/2014
Perf: $1,076.11 Date: 8/31/2014
Perf: $1,060.31 Date: 7/31/2014
Perf: $1,017.28 Date: 6/30/2014
Perf: $1,025.48 Date: 5/31/2014
Perf: $1,016.74 Date: 4/30/2014
Perf: $991.36 Date: 3/31/2014
Perf: $983.88 Date: 2/28/2014
Perf: $998.66 Date: 1/31/2014
Perf: $990.54 Date: 12/31/2013
Perf: $1,017.08 Date: 11/30/2013
Perf: $1,018.51 Date: 10/31/2013
Perf: $1,000.40 Date: 9/30/2013
Perf: $978.01 Date: 8/31/2013
Perf: $983.91 Date: 7/31/2013
Perf: $1,003.17 Date: 6/30/2013
Perf: $1,011.98 Date: 5/31/2013
Perf: $1,051.84 Date: 4/30/2013
Perf: $1,099.10 Date: 3/31/2013
Perf: $1,071.46 Date: 2/28/2013
Perf: $1,056.25 Date: 1/31/2013
Perf: $1,062.41 Date: 12/31/2012
Perf: $1,042.60 Date: 11/30/2012
Perf: $1,037.52 Date: 10/31/2012
Perf: $1,034.62 Date: 9/30/2012
Perf: $1,073.48 Date: 8/31/2012
Perf: $1,091.49 Date: 7/31/2012
Perf: $1,106.54 Date: 6/30/2012
Perf: $1,063.06 Date: 5/31/2012
Perf: $1,104.59 Date: 4/30/2012
Perf: $1,084.00 Date: 3/31/2012
Perf: $1,077.53 Date: 2/29/2012
Perf: $1,102.56 Date: 1/31/2012
Perf: $1,098.06 Date: 12/31/2011
Perf: $1,094.55 Date: 11/30/2011
Perf: $1,084.15 Date: 10/31/2011
Perf: $1,080.90 Date: 9/30/2011
Perf: $1,125.47 Date: 8/31/2011
Perf: $1,126.15 Date: 7/31/2011
Perf: $1,128.40 Date: 6/30/2011
Perf: $1,089.30 Date: 5/31/2011
Perf: $1,118.38 Date: 4/30/2011
Perf: $1,160.74 Date: 3/31/2011
Perf: $1,117.17 Date: 2/28/2011
Perf: $1,134.53 Date: 1/31/2011
Perf: $1,115.57 Date: 12/31/2010
Perf: $1,131.06 Date: 11/30/2010
Perf: $1,084.54 Date: 10/31/2010
Perf: $1,124.34 Date: 9/30/2010
Perf: $1,082.34 Date: 8/31/2010
Perf: $1,063.00 Date: 7/31/2010
Perf: $1,020.74 Date: 6/30/2010
Perf: $1,034.08 Date: 5/31/2010
Perf: $1,030.16 Date: 4/30/2010
Perf: $1,055.71 Date: 3/31/2010
Perf: $1,039.70 Date: 2/28/2010
Perf: $1,000.00 Date: 8/31/2017
Perf: $2,623.96 Date: 7/31/2017
Perf: $2,615.85 Date: 6/30/2017
Perf: $2,563.05 Date: 5/31/2017
Perf: $2,547.26 Date: 4/30/2017
Perf: $2,511.84 Date: 3/31/2017
Perf: $2,486.23 Date: 2/28/2017
Perf: $2,483.25 Date: 1/31/2017
Perf: $2,388.43 Date: 12/31/2016
Perf: $2,343.90 Date: 11/30/2016
Perf: $2,298.39 Date: 10/31/2016
Perf: $2,216.38 Date: 9/30/2016
Perf: $2,257.47 Date: 8/31/2016
Perf: $2,257.02 Date: 7/31/2016
Perf: $2,253.86 Date: 6/30/2016
Perf: $2,173.65 Date: 5/31/2016
Perf: $2,168.02 Date: 4/30/2016
Perf: $2,129.68 Date: 3/31/2016
Perf: $2,121.41 Date: 2/29/2016
Perf: $1,986.71 Date: 1/31/2016
Perf: $1,989.30 Date: 12/31/2015
Perf: $2,093.12 Date: 11/30/2015
Perf: $2,126.72 Date: 10/31/2015
Perf: $2,120.36 Date: 9/30/2015
Perf: $1,955.33 Date: 8/31/2015
Perf: $2,004.85 Date: 7/31/2015
Perf: $2,133.50 Date: 6/30/2015
Perf: $2,089.61 Date: 5/31/2015
Perf: $2,130.95 Date: 4/30/2015
Perf: $2,103.82 Date: 3/31/2015
Perf: $2,083.81 Date: 2/28/2015
Perf: $2,117.26 Date: 1/31/2015
Perf: $2,002.14 Date: 12/31/2014
Perf: $2,064.06 Date: 11/30/2014
Perf: $2,069.24 Date: 10/31/2014
Perf: $2,015.03 Date: 9/30/2014
Perf: $1,967.04 Date: 8/31/2014
Perf: $1,994.97 Date: 7/31/2014
Perf: $1,918.24 Date: 6/30/2014
Perf: $1,945.08 Date: 5/31/2014
Perf: $1,905.63 Date: 4/30/2014
Perf: $1,861.88 Date: 3/31/2014
Perf: $1,848.20 Date: 2/28/2014
Perf: $1,832.80 Date: 1/31/2014
Perf: $1,752.71 Date: 12/31/2013
Perf: $1,815.52 Date: 11/30/2013
Perf: $1,770.72 Date: 10/31/2013
Perf: $1,718.32 Date: 9/30/2013
Perf: $1,642.75 Date: 8/31/2013
Perf: $1,592.74 Date: 7/31/2013
Perf: $1,640.31 Date: 6/30/2013
Perf: $1,560.86 Date: 5/31/2013
Perf: $1,582.06 Date: 4/30/2013
Perf: $1,545.88 Date: 3/31/2013
Perf: $1,516.61 Date: 2/28/2013
Perf: $1,461.80 Date: 1/31/2013
Perf: $1,442.18 Date: 12/31/2012
Perf: $1,371.16 Date: 11/30/2012
Perf: $1,358.79 Date: 10/31/2012
Perf: $1,350.96 Date: 9/30/2012
Perf: $1,376.42 Date: 8/31/2012
Perf: $1,341.80 Date: 7/31/2012
Perf: $1,312.28 Date: 6/30/2012
Perf: $1,294.28 Date: 5/31/2012
Perf: $1,243.07 Date: 4/30/2012
Perf: $1,322.56 Date: 3/31/2012
Perf: $1,330.94 Date: 2/29/2012
Perf: $1,288.55 Date: 1/31/2012
Perf: $1,235.19 Date: 12/31/2011
Perf: $1,182.22 Date: 11/30/2011
Perf: $1,170.29 Date: 10/31/2011
Perf: $1,172.87 Date: 9/30/2011
Perf: $1,057.30 Date: 8/31/2011
Perf: $1,137.25 Date: 7/31/2011
Perf: $1,202.55 Date: 6/30/2011
Perf: $1,227.47 Date: 5/31/2011
Perf: $1,248.32 Date: 4/30/2011
Perf: $1,262.58 Date: 3/31/2011
Perf: $1,226.28 Date: 2/28/2011
Perf: $1,225.79 Date: 1/31/2011
Perf: $1,185.14 Date: 12/31/2010
Perf: $1,157.71 Date: 11/30/2010
Perf: $1,085.21 Date: 10/31/2010
Perf: $1,085.11 Date: 9/30/2010
Perf: $1,045.28 Date: 8/31/2010
Perf: $959.68 Date: 7/31/2010
Perf: $1,005.00 Date: 6/30/2010
Perf: $939.17 Date: 5/31/2010
Perf: $991.00 Date: 4/30/2010
Perf: $1,077.05 Date: 3/31/2010
Perf: $1,060.30 Date: 2/28/2010
Perf: $1,000.00 Date: 8/31/2017
Perf: $2,190.85 Date: 7/31/2017
Perf: $2,163.80 Date: 6/30/2017
Perf: $2,110.82 Date: 5/31/2017
Perf: $2,034.53 Date: 4/30/2017
Perf: $1,988.20 Date: 3/31/2017
Perf: $2,001.81 Date: 2/28/2017
Perf: $1,986.91 Date: 1/31/2017
Perf: $1,900.99 Date: 12/31/2016
Perf: $1,900.42 Date: 11/30/2016
Perf: $1,919.42 Date: 10/31/2016
Perf: $1,960.59 Date: 9/30/2016
Perf: $1,989.24 Date: 8/31/2016
Perf: $1,904.85 Date: 7/31/2016
Perf: $1,907.33 Date: 6/30/2016
Perf: $1,830.45 Date: 5/31/2016
Perf: $1,834.31 Date: 4/30/2016
Perf: $1,840.19 Date: 3/31/2016
Perf: $1,866.70 Date: 2/29/2016
Perf: $1,887.27 Date: 1/31/2016
Perf: $1,902.11 Date: 12/31/2015
Perf: $1,904.39 Date: 11/30/2015
Perf: $1,888.90 Date: 10/31/2015
Perf: $1,890.04 Date: 9/30/2015
Perf: $1,888.15 Date: 8/31/2015
Perf: $1,920.02 Date: 7/31/2015
Perf: $1,969.05 Date: 6/30/2015
Perf: $1,981.34 Date: 5/31/2015
Perf: $1,994.10 Date: 4/30/2015
Perf: $1,994.50 Date: 3/31/2015
Perf: $2,033.96 Date: 2/28/2015
Perf: $2,024.64 Date: 1/31/2015
Perf: $2,042.62 Date: 12/31/2014
Perf: $1,941.65 Date: 11/30/2014
Perf: $1,997.17 Date: 10/31/2014
Perf: $1,981.91 Date: 9/30/2014
Perf: $2,010.26 Date: 8/31/2014
Perf: $1,985.83 Date: 7/31/2014
Perf: $1,965.98 Date: 6/30/2014
Perf: $1,865.43 Date: 5/31/2014
Perf: $1,821.71 Date: 4/30/2014
Perf: $1,781.27 Date: 3/31/2014
Perf: $1,774.71 Date: 2/28/2014
Perf: $1,730.41 Date: 1/31/2014
Perf: $1,615.39 Date: 12/31/2013
Perf: $1,588.55 Date: 11/30/2013
Perf: $1,610.61 Date: 10/31/2013
Perf: $1,603.40 Date: 9/30/2013
Perf: $1,611.78 Date: 8/31/2013
Perf: $1,592.82 Date: 7/31/2013
Perf: $1,599.06 Date: 6/30/2013
Perf: $1,547.68 Date: 5/31/2013
Perf: $1,477.78 Date: 4/30/2013
Perf: $1,480.15 Date: 3/31/2013
Perf: $1,455.40 Date: 2/28/2013
Perf: $1,495.48 Date: 1/31/2013
Perf: $1,486.71 Date: 12/31/2012
Perf: $1,468.94 Date: 11/30/2012
Perf: $1,505.98 Date: 10/31/2012
Perf: $1,543.49 Date: 9/30/2012
Perf: $1,518.44 Date: 8/31/2012
Perf: $1,569.77 Date: 7/31/2012
Perf: $1,611.01 Date: 6/30/2012
Perf: $1,394.69 Date: 5/31/2012
Perf: $1,360.94 Date: 4/30/2012
Perf: $1,366.27 Date: 3/31/2012
Perf: $1,419.94 Date: 2/29/2012
Perf: $1,482.66 Date: 1/31/2012
Perf: $1,506.46 Date: 12/31/2011
Perf: $1,485.66 Date: 11/30/2011
Perf: $1,480.48 Date: 10/31/2011
Perf: $1,493.48 Date: 9/30/2011
Perf: $1,458.19 Date: 8/31/2011
Perf: $1,544.36 Date: 7/31/2011
Perf: $1,540.82 Date: 6/30/2011
Perf: $1,515.51 Date: 5/31/2011
Perf: $1,575.54 Date: 4/30/2011
Perf: $1,658.64 Date: 3/31/2011
Perf: $1,614.24 Date: 2/28/2011
Perf: $1,525.61 Date: 1/31/2011
Perf: $1,398.74 Date: 12/31/2010
Perf: $1,400.14 Date: 11/30/2010
Perf: $1,340.62 Date: 10/31/2010
Perf: $1,695.27 Date: 9/30/2010
Perf: $1,247.25 Date: 8/31/2010
Perf: $1,174.33 Date: 7/31/2010
Perf: $1,090.88 Date: 6/30/2010
Perf: $1,044.00 Date: 5/31/2010
Perf: $1,079.85 Date: 4/30/2010
Perf: $1,159.51 Date: 3/31/2010
Perf: $1,041.60 Date: 2/28/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 02/10 - 08/17
Date: 8/31/2017
Return: 1.25 % Date: 7/31/2017
Return: 2.51 % Date: 6/30/2017
Return: 3.75 % Date: 5/31/2017
Return: 2.33 % Date: 4/30/2017
Return: -0.68 % Date: 3/31/2017
Return: 0.75 % Date: 2/28/2017
Return: 4.52 % Date: 1/31/2017
Return: 0.03 % Date: 12/31/2016
Return: -0.99 % Date: 11/30/2016
Return: -2.10 % Date: 10/31/2016
Return: -1.44 % Date: 9/30/2016
Return: 4.43 % Date: 8/31/2016
Return: -0.13 % Date: 7/31/2016
Return: 4.20 % Date: 6/30/2016
Return: -0.21 % Date: 5/31/2016
Return: -0.32 % Date: 4/30/2016
Return: -1.42 % Date: 3/31/2016
Return: -1.09 % Date: 2/29/2016
Return: -0.78 % Date: 1/31/2016
Return: -0.12 % Date: 12/31/2015
Return: 0.82 % Date: 11/30/2015
Return: -0.06 % Date: 10/31/2015
Return: 0.10 % Date: 9/30/2015
Return: -1.66 % Date: 8/31/2015
Return: -2.49 % Date: 7/31/2015
Return: -0.62 % Date: 6/30/2015
Return: -0.64 % Date: 5/31/2015
Return: -0.02 % Date: 4/30/2015
Return: -1.94 % Date: 3/31/2015
Return: 0.46 % Date: 2/28/2015
Return: -0.88 % Date: 1/31/2015
Return: 5.20 % Date: 12/31/2014
Return: -2.78 % Date: 11/30/2014
Return: 0.77 % Date: 10/31/2014
Return: -1.41 % Date: 9/30/2014
Return: 1.23 % Date: 8/31/2014
Return: 1.01 % Date: 7/31/2014
Return: 5.39 % Date: 6/30/2014
Return: 2.40 % Date: 5/31/2014
Return: 2.27 % Date: 4/30/2014
Return: 0.37 % Date: 3/31/2014
Return: 2.56 % Date: 2/28/2014
Return: 7.12 % Date: 1/31/2014
Return: 1.69 % Date: 12/31/2013
Return: -1.37 % Date: 11/30/2013
Return: 0.45 % Date: 10/31/2013
Return: -0.52 % Date: 9/30/2013
Return: 1.19 % Date: 8/31/2013
Return: -0.39 % Date: 7/31/2013
Return: 3.32 % Date: 6/30/2013
Return: 4.73 % Date: 5/31/2013
Return: -0.16 % Date: 4/30/2013
Return: 1.70 % Date: 3/31/2013
Return: -2.68 % Date: 2/28/2013
Return: 0.59 % Date: 1/31/2013
Return: 1.21 % Date: 12/31/2012
Return: -2.46 % Date: 11/30/2012
Return: -2.43 % Date: 10/31/2012
Return: 1.65 % Date: 9/30/2012
Return: -3.27 % Date: 8/31/2012
Return: -2.56 % Date: 7/31/2012
Return: 15.51 % Date: 6/30/2012
Return: 2.48 % Date: 5/31/2012
Return: -0.39 % Date: 4/30/2012
Return: -3.78 % Date: 3/31/2012
Return: -4.23 % Date: 2/29/2012
Return: -1.58 % Date: 1/31/2012
Return: 1.40 % Date: 12/31/2011
Return: 0.35 % Date: 11/30/2011
Return: -0.87 % Date: 10/31/2011
Return: 2.42 % Date: 9/30/2011
Return: -5.58 % Date: 8/31/2011
Return: 0.23 % Date: 7/31/2011
Return: 1.67 % Date: 6/30/2011
Return: -3.81 % Date: 5/31/2011
Return: -5.01 % Date: 4/30/2011
Return: 2.75 % Date: 3/31/2011
Return: 5.81 % Date: 2/28/2011
Return: 9.07 % Date: 1/31/2011
Return: -0.10 % Date: 12/31/2010
Return: 4.44 % Date: 11/30/2010
Return: -20.92 % Date: 10/31/2010
Return: 35.92 % Date: 9/30/2010
Return: 6.21 % Date: 8/31/2010
Return: 7.65 % Date: 7/31/2010
Return: 4.49 % Date: 6/30/2010
Return: -3.32 % Date: 5/31/2010
Return: -6.87 % Date: 4/30/2010
Return: 11.32 % Date: 3/31/2010
Return: 4.16 % Date: 2/28/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 02/10 - 08/17
Return: 7.00 %
Count: 1 Return: 5.00 %
Count: 4 Return: 16.00 %
Count: 1 Return: -2.00 %
Count: 7 Return: 1.00 %
Count: 10 Return: -1.00 %
Count: 13 Return: -6.00 %
Count: 1 Return: 2.00 %
Count: 9 Return: -4.00 %
Count: 3 Return: -5.00 %
Count: 1 Return: 3.00 %
Count: 4 Return: 9.00 %
Count: 1 Return: -21.00 %
Count: 1 Return: 36.00 %
Count: 1 Return: 6.00 %
Count: 2 Return: 8.00 %
Count: 1 Return: -3.00 %
Count: 5 Return: -7.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: 4.00 %
Count: 6 Return: 0.00 %
Count: 18
Note: All performance data is since program inception.

Underwater Curve
Date Range: 02/10 - 08/17
Date: 8/31/2017
Drawdown: 0.00 % Date: 7/31/2017
Drawdown: 0.00 % Date: 6/30/2017
Drawdown: 0.00 % Date: 5/31/2017
Drawdown: -0.40 % Date: 4/30/2017
Drawdown: -2.66 % Date: 3/31/2017
Drawdown: -2.00 % Date: 2/28/2017
Drawdown: -2.73 % Date: 1/31/2017
Drawdown: -6.93 % Date: 12/31/2016
Drawdown: -6.96 % Date: 11/30/2016
Drawdown: -6.03 % Date: 10/31/2016
Drawdown: -4.02 % Date: 9/30/2016
Drawdown: -2.61 % Date: 8/31/2016
Drawdown: -6.74 % Date: 7/31/2016
Drawdown: -6.62 % Date: 6/30/2016
Drawdown: -10.39 % Date: 5/31/2016
Drawdown: -10.20 % Date: 4/30/2016
Drawdown: -9.91 % Date: 3/31/2016
Drawdown: -8.61 % Date: 2/29/2016
Drawdown: -7.61 % Date: 1/31/2016
Drawdown: -6.88 % Date: 12/31/2015
Drawdown: -6.77 % Date: 11/30/2015
Drawdown: -7.53 % Date: 10/31/2015
Drawdown: -7.47 % Date: 9/30/2015
Drawdown: -7.56 % Date: 8/31/2015
Drawdown: -6.00 % Date: 7/31/2015
Drawdown: -3.60 % Date: 6/30/2015
Drawdown: -3.00 % Date: 5/31/2015
Drawdown: -2.38 % Date: 4/30/2015
Drawdown: -2.36 % Date: 3/31/2015
Drawdown: -0.42 % Date: 2/28/2015
Drawdown: -0.88 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -3.41 % Date: 11/30/2014
Drawdown: -0.65 % Date: 10/31/2014
Drawdown: -1.41 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: 0.00 % Date: 5/31/2014
Drawdown: 0.00 % Date: 4/30/2014
Drawdown: 0.00 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: -4.71 % Date: 12/31/2013
Drawdown: -6.30 % Date: 11/30/2013
Drawdown: -4.99 % Date: 10/31/2013
Drawdown: -5.42 % Date: 9/30/2013
Drawdown: -4.92 % Date: 8/31/2013
Drawdown: -6.04 % Date: 7/31/2013
Drawdown: -5.68 % Date: 6/30/2013
Drawdown: -8.71 % Date: 5/31/2013
Drawdown: -12.83 % Date: 4/30/2013
Drawdown: -12.69 % Date: 3/31/2013
Drawdown: -14.15 % Date: 2/28/2013
Drawdown: -11.78 % Date: 1/31/2013
Drawdown: -12.30 % Date: 12/31/2012
Drawdown: -13.35 % Date: 11/30/2012
Drawdown: -11.17 % Date: 10/31/2012
Drawdown: -8.95 % Date: 9/30/2012
Drawdown: -10.43 % Date: 8/31/2012
Drawdown: -7.40 % Date: 7/31/2012
Drawdown: -4.97 % Date: 6/30/2012
Drawdown: -17.73 % Date: 5/31/2012
Drawdown: -19.72 % Date: 4/30/2012
Drawdown: -19.41 % Date: 3/31/2012
Drawdown: -16.24 % Date: 2/29/2012
Drawdown: -12.54 % Date: 1/31/2012
Drawdown: -11.14 % Date: 12/31/2011
Drawdown: -12.36 % Date: 11/30/2011
Drawdown: -12.67 % Date: 10/31/2011
Drawdown: -11.90 % Date: 9/30/2011
Drawdown: -13.98 % Date: 8/31/2011
Drawdown: -8.90 % Date: 7/31/2011
Drawdown: -9.11 % Date: 6/30/2011
Drawdown: -10.60 % Date: 5/31/2011
Drawdown: -7.06 % Date: 4/30/2011
Drawdown: -2.16 % Date: 3/31/2011
Drawdown: -4.78 % Date: 2/28/2011
Drawdown: -10.01 % Date: 1/31/2011
Drawdown: -17.49 % Date: 12/31/2010
Drawdown: -17.41 % Date: 11/30/2010
Drawdown: -20.92 % 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: -5.92 % Date: 6/30/2010
Drawdown: -9.96 % Date: 5/31/2010
Drawdown: -6.87 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Demeter Capital Management
Address: 190 South LaSalle Street Suite 3000
City: Chicago
State: IL
Zip: 60603
Country: United States
Key People

Employee information is not available.
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.