Altegris Clearing Solutions Bocken Trading, LLC Bocken Trading LLC
Monthly Performance (%)
Date Range: 05/11 - 03/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.25 -1.14 -1.21 -2.58
2016 0.34 -0.85 -2.98 7.05 3.01 6.56 -9.88 -2.49 -2.23 -0.26 -3.75 -2.61 -8.89
2015 -5.32 -3.58 -0.28 -2.12 -1.19 8.80 -6.17 -1.84 -0.05 -2.00 -1.23 -0.06 -14.69
2014 0.97 3.46 0.75 2.37 -2.16 -3.50 4.78 6.83 4.47 -3.89 1.41 1.74 17.96
2013 -1.09 5.47 -1.10 -1.51 -1.86 -4.20 7.92 9.16 2.28 -1.48 4.04 -2.22 15.37
2012 -0.35 5.26 8.56 9.33 -11.12 13.89 18.60 4.55 -9.06 -4.91 -1.08 1.37 35.50
2011 -1.76 -1.40 4.11 -0.99 -3.32 2.76 -1.55 -2.34
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Bocken Trading, LLC is a registered Commodity Trading Advisor formed in February 2011. The program is traded by Megan Bocken. Megan focuses primarily on domestic agricultural commodity futures and options with emphasis on wheat, corn, soybeans, and soybean products. She may, on occasion, trade other Ag related markets. Megan gained a thorough understanding of the grain trade by helping to service commercial grain accounts including both users and producers, and by studying the fundamentals of the grain markets as a research analyst. She currently maintains her own research focusing on wheat, corn, and soybeans placing special emphasis on relationships among the different classes of wheat. This includes forecasting both US and world supply and demand of each particular commodity in order to determine value and price trends based on ever-changing market conditions. It also involves a careful and constant monitoring of US and world weather, geopolitical issues, and currency relationships. By combining the factors, Megan is able to make trading decisions that integrate flat price, intra and inter market spreads as well as options strategies. Both long and short positions are utilized, and trades may vary from day-trades to longer term trades depending on the nature of each market. Her focus is fundamental analysis, but technical analysis is also used to pick entry levels, risk levels, and objectives.

Performance Statistics
Date Range: 05/11 - 03/17
  Program SP500 TR Altegris 40
Total Return 36.35% 96.92% -2.26%
Annualized Return 5.46% 12.13% -0.39%
Annualized Std. Deviation 17.54% 11.39% 8.61%
Correlation 0.01 -0.02
Sharpe Ratio (rf=2.5%) 0.17 0.85 -0.34
Worst Month -11.12% -7.03% -5.20%
Date of Worst Month 05/2012 09/2011 06/2015
Worst Drawdown -24.92% -16.26% -15.74%
Date of Worst Drawdown 9/14 - 3/17 5/11 - 9/11 7/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 05/11 - 03/17
Year or YTD Program SP500 TR Altegris 40
2017 -2.58 6.07 -0.61
2016 -8.89 11.98 -3.13
2015 -14.69 1.41 0.09
2014 17.96 13.69 15.75
2013 15.37 32.41 -2.45
2012 35.50 15.98 -4.75
2011 -2.34 -5.29 -2.13
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 05/11 - 03/17
Date: 3/31/2017
Perf: $1,014.38 Date: 2/28/2017
Perf: $1,029.41 Date: 1/31/2017
Perf: $1,007.45 Date: 12/31/2016
Perf: $1,020.62 Date: 11/30/2016
Perf: $1,012.92 Date: 10/31/2016
Perf: $1,024.18 Date: 9/30/2016
Perf: $1,051.31 Date: 8/31/2016
Perf: $1,065.05 Date: 7/31/2016
Perf: $1,094.49 Date: 6/30/2016
Perf: $1,083.44 Date: 5/31/2016
Perf: $1,039.27 Date: 4/30/2016
Perf: $1,057.78 Date: 3/31/2016
Perf: $1,085.01 Date: 2/29/2016
Perf: $1,117.07 Date: 1/31/2016
Perf: $1,090.25 Date: 12/31/2015
Perf: $1,053.59 Date: 11/30/2015
Perf: $1,078.39 Date: 10/31/2015
Perf: $1,042.83 Date: 9/30/2015
Perf: $1,061.30 Date: 8/31/2015
Perf: $1,038.76 Date: 7/31/2015
Perf: $1,057.04 Date: 6/30/2015
Perf: $1,017.27 Date: 5/31/2015
Perf: $1,073.07 Date: 4/30/2015
Perf: $1,080.85 Date: 3/31/2015
Perf: $1,124.25 Date: 2/28/2015
Perf: $1,099.94 Date: 1/31/2015
Perf: $1,101.70 Date: 12/31/2014
Perf: $1,052.65 Date: 11/30/2014
Perf: $1,034.44 Date: 10/31/2014
Perf: $976.35 Date: 9/30/2014
Perf: $962.20 Date: 8/31/2014
Perf: $948.08 Date: 7/31/2014
Perf: $909.60 Date: 6/30/2014
Perf: $916.94 Date: 5/31/2014
Perf: $909.12 Date: 4/30/2014
Perf: $886.43 Date: 3/31/2014
Perf: $879.74 Date: 2/28/2014
Perf: $892.96 Date: 1/31/2014
Perf: $885.69 Date: 12/31/2013
Perf: $909.43 Date: 11/30/2013
Perf: $910.70 Date: 10/31/2013
Perf: $894.51 Date: 9/30/2013
Perf: $874.49 Date: 8/31/2013
Perf: $879.77 Date: 7/31/2013
Perf: $896.99 Date: 6/30/2013
Perf: $904.86 Date: 5/31/2013
Perf: $940.51 Date: 4/30/2013
Perf: $982.76 Date: 3/31/2013
Perf: $958.05 Date: 2/28/2013
Perf: $944.45 Date: 1/31/2013
Perf: $949.96 Date: 12/31/2012
Perf: $932.24 Date: 11/30/2012
Perf: $927.70 Date: 10/31/2012
Perf: $925.11 Date: 9/30/2012
Perf: $959.86 Date: 8/31/2012
Perf: $975.96 Date: 7/31/2012
Perf: $989.41 Date: 6/30/2012
Perf: $950.54 Date: 5/31/2012
Perf: $987.67 Date: 4/30/2012
Perf: $969.26 Date: 3/31/2012
Perf: $963.48 Date: 2/29/2012
Perf: $985.86 Date: 1/31/2012
Perf: $981.83 Date: 12/31/2011
Perf: $978.70 Date: 11/30/2011
Perf: $969.39 Date: 10/31/2011
Perf: $966.49 Date: 9/30/2011
Perf: $1,006.34 Date: 8/31/2011
Perf: $1,006.95 Date: 7/31/2011
Perf: $1,008.97 Date: 6/30/2011
Perf: $974.00 Date: 5/31/2011
Perf: $1,000.00 Date: 3/31/2017
Perf: $1,991.67 Date: 2/28/2017
Perf: $1,989.28 Date: 1/31/2017
Perf: $1,913.32 Date: 12/31/2016
Perf: $1,877.65 Date: 11/30/2016
Perf: $1,841.19 Date: 10/31/2016
Perf: $1,775.50 Date: 9/30/2016
Perf: $1,808.41 Date: 8/31/2016
Perf: $1,808.05 Date: 7/31/2016
Perf: $1,805.52 Date: 6/30/2016
Perf: $1,741.27 Date: 5/31/2016
Perf: $1,736.75 Date: 4/30/2016
Perf: $1,706.05 Date: 3/31/2016
Perf: $1,699.42 Date: 2/29/2016
Perf: $1,591.51 Date: 1/31/2016
Perf: $1,593.58 Date: 12/31/2015
Perf: $1,676.75 Date: 11/30/2015
Perf: $1,703.67 Date: 10/31/2015
Perf: $1,698.57 Date: 9/30/2015
Perf: $1,566.37 Date: 8/31/2015
Perf: $1,606.04 Date: 7/31/2015
Perf: $1,709.10 Date: 6/30/2015
Perf: $1,673.95 Date: 5/31/2015
Perf: $1,707.06 Date: 4/30/2015
Perf: $1,685.32 Date: 3/31/2015
Perf: $1,669.30 Date: 2/28/2015
Perf: $1,696.10 Date: 1/31/2015
Perf: $1,603.87 Date: 12/31/2014
Perf: $1,653.48 Date: 11/30/2014
Perf: $1,657.62 Date: 10/31/2014
Perf: $1,614.20 Date: 9/30/2014
Perf: $1,575.75 Date: 8/31/2014
Perf: $1,598.13 Date: 7/31/2014
Perf: $1,536.66 Date: 6/30/2014
Perf: $1,558.16 Date: 5/31/2014
Perf: $1,526.56 Date: 4/30/2014
Perf: $1,491.51 Date: 3/31/2014
Perf: $1,480.56 Date: 2/28/2014
Perf: $1,468.22 Date: 1/31/2014
Perf: $1,404.06 Date: 12/31/2013
Perf: $1,454.38 Date: 11/30/2013
Perf: $1,418.49 Date: 10/31/2013
Perf: $1,376.51 Date: 9/30/2013
Perf: $1,315.97 Date: 8/31/2013
Perf: $1,275.91 Date: 7/31/2013
Perf: $1,314.02 Date: 6/30/2013
Perf: $1,250.37 Date: 5/31/2013
Perf: $1,267.35 Date: 4/30/2013
Perf: $1,238.38 Date: 3/31/2013
Perf: $1,214.93 Date: 2/28/2013
Perf: $1,171.01 Date: 1/31/2013
Perf: $1,155.30 Date: 12/31/2012
Perf: $1,098.41 Date: 11/30/2012
Perf: $1,088.50 Date: 10/31/2012
Perf: $1,082.22 Date: 9/30/2012
Perf: $1,102.62 Date: 8/31/2012
Perf: $1,074.89 Date: 7/31/2012
Perf: $1,051.24 Date: 6/30/2012
Perf: $1,036.82 Date: 5/31/2012
Perf: $995.80 Date: 4/30/2012
Perf: $1,059.47 Date: 3/31/2012
Perf: $1,066.19 Date: 2/29/2012
Perf: $1,032.23 Date: 1/31/2012
Perf: $989.48 Date: 12/31/2011
Perf: $947.06 Date: 11/30/2011
Perf: $937.49 Date: 10/31/2011
Perf: $939.56 Date: 9/30/2011
Perf: $846.98 Date: 8/31/2011
Perf: $911.03 Date: 7/31/2011
Perf: $963.34 Date: 6/30/2011
Perf: $983.30 Date: 5/31/2011
Perf: $1,000.00 Date: 3/31/2017
Perf: $1,363.49 Date: 2/28/2017
Perf: $1,380.19 Date: 1/31/2017
Perf: $1,396.11 Date: 12/31/2016
Perf: $1,399.60 Date: 11/30/2016
Perf: $1,437.11 Date: 10/31/2016
Perf: $1,493.10 Date: 9/30/2016
Perf: $1,497.00 Date: 8/31/2016
Perf: $1,531.14 Date: 7/31/2016
Perf: $1,570.24 Date: 6/30/2016
Perf: $1,742.39 Date: 5/31/2016
Perf: $1,635.12 Date: 4/30/2016
Perf: $1,587.34 Date: 3/31/2016
Perf: $1,482.81 Date: 2/29/2016
Perf: $1,528.35 Date: 1/31/2016
Perf: $1,541.45 Date: 12/31/2015
Perf: $1,536.23 Date: 11/30/2015
Perf: $1,537.15 Date: 10/31/2015
Perf: $1,556.30 Date: 9/30/2015
Perf: $1,588.06 Date: 8/31/2015
Perf: $1,588.85 Date: 7/31/2015
Perf: $1,618.63 Date: 6/30/2015
Perf: $1,725.07 Date: 5/31/2015
Perf: $1,585.54 Date: 4/30/2015
Perf: $1,604.64 Date: 3/31/2015
Perf: $1,639.39 Date: 2/28/2015
Perf: $1,644.00 Date: 1/31/2015
Perf: $1,705.04 Date: 12/31/2014
Perf: $1,800.84 Date: 11/30/2014
Perf: $1,770.04 Date: 10/31/2014
Perf: $1,745.43 Date: 9/30/2014
Perf: $1,816.08 Date: 8/31/2014
Perf: $1,738.37 Date: 7/31/2014
Perf: $1,627.23 Date: 6/30/2014
Perf: $1,553.00 Date: 5/31/2014
Perf: $1,609.33 Date: 4/30/2014
Perf: $1,644.85 Date: 3/31/2014
Perf: $1,606.77 Date: 2/28/2014
Perf: $1,594.81 Date: 1/31/2014
Perf: $1,541.48 Date: 12/31/2013
Perf: $1,526.67 Date: 11/30/2013
Perf: $1,561.33 Date: 10/31/2013
Perf: $1,500.70 Date: 9/30/2013
Perf: $1,523.25 Date: 8/31/2013
Perf: $1,489.29 Date: 7/31/2013
Perf: $1,364.32 Date: 6/30/2013
Perf: $1,264.19 Date: 5/31/2013
Perf: $1,319.62 Date: 4/30/2013
Perf: $1,344.63 Date: 3/31/2013
Perf: $1,365.24 Date: 2/28/2013
Perf: $1,380.43 Date: 1/31/2013
Perf: $1,308.84 Date: 12/31/2012
Perf: $1,323.26 Date: 11/30/2012
Perf: $1,305.38 Date: 10/31/2012
Perf: $1,319.63 Date: 9/30/2012
Perf: $1,387.77 Date: 8/31/2012
Perf: $1,526.02 Date: 7/31/2012
Perf: $1,459.61 Date: 6/30/2012
Perf: $1,230.70 Date: 5/31/2012
Perf: $1,080.61 Date: 4/30/2012
Perf: $1,215.80 Date: 3/31/2012
Perf: $1,112.05 Date: 2/29/2012
Perf: $1,024.36 Date: 1/31/2012
Perf: $973.17 Date: 12/31/2011
Perf: $976.59 Date: 11/30/2011
Perf: $991.97 Date: 10/31/2011
Perf: $965.32 Date: 9/30/2011
Perf: $998.47 Date: 8/31/2011
Perf: $1,008.46 Date: 7/31/2011
Perf: $968.65 Date: 6/30/2011
Perf: $982.40 Date: 5/31/2011
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 05/11 - 03/17
Date: 3/31/2017
Return: -1.21 % Date: 2/28/2017
Return: -1.14 % Date: 1/31/2017
Return: -0.25 % Date: 12/31/2016
Return: -2.61 % Date: 11/30/2016
Return: -3.75 % Date: 10/31/2016
Return: -0.26 % Date: 9/30/2016
Return: -2.23 % Date: 8/31/2016
Return: -2.49 % Date: 7/31/2016
Return: -9.88 % Date: 6/30/2016
Return: 6.56 % Date: 5/31/2016
Return: 3.01 % Date: 4/30/2016
Return: 7.05 % Date: 3/31/2016
Return: -2.98 % Date: 2/29/2016
Return: -0.85 % Date: 1/31/2016
Return: 0.34 % Date: 12/31/2015
Return: -0.06 % Date: 11/30/2015
Return: -1.23 % Date: 10/31/2015
Return: -2.00 % Date: 9/30/2015
Return: -0.05 % Date: 8/31/2015
Return: -1.84 % Date: 7/31/2015
Return: -6.17 % Date: 6/30/2015
Return: 8.80 % Date: 5/31/2015
Return: -1.19 % Date: 4/30/2015
Return: -2.12 % Date: 3/31/2015
Return: -0.28 % Date: 2/28/2015
Return: -3.58 % Date: 1/31/2015
Return: -5.32 % Date: 12/31/2014
Return: 1.74 % Date: 11/30/2014
Return: 1.41 % Date: 10/31/2014
Return: -3.89 % Date: 9/30/2014
Return: 4.47 % Date: 8/31/2014
Return: 6.83 % Date: 7/31/2014
Return: 4.78 % Date: 6/30/2014
Return: -3.50 % Date: 5/31/2014
Return: -2.16 % Date: 4/30/2014
Return: 2.37 % Date: 3/31/2014
Return: 0.75 % Date: 2/28/2014
Return: 3.46 % Date: 1/31/2014
Return: 0.97 % Date: 12/31/2013
Return: -2.22 % Date: 11/30/2013
Return: 4.04 % Date: 10/31/2013
Return: -1.48 % Date: 9/30/2013
Return: 2.28 % Date: 8/31/2013
Return: 9.16 % Date: 7/31/2013
Return: 7.92 % Date: 6/30/2013
Return: -4.20 % Date: 5/31/2013
Return: -1.86 % Date: 4/30/2013
Return: -1.51 % Date: 3/31/2013
Return: -1.10 % Date: 2/28/2013
Return: 5.47 % Date: 1/31/2013
Return: -1.09 % Date: 12/31/2012
Return: 1.37 % Date: 11/30/2012
Return: -1.08 % Date: 10/31/2012
Return: -4.91 % Date: 9/30/2012
Return: -9.06 % Date: 8/31/2012
Return: 4.55 % Date: 7/31/2012
Return: 18.60 % Date: 6/30/2012
Return: 13.89 % Date: 5/31/2012
Return: -11.12 % Date: 4/30/2012
Return: 9.33 % Date: 3/31/2012
Return: 8.56 % Date: 2/29/2012
Return: 5.26 % Date: 1/31/2012
Return: -0.35 % Date: 12/31/2011
Return: -1.55 % Date: 11/30/2011
Return: 2.76 % Date: 10/31/2011
Return: -3.32 % Date: 9/30/2011
Return: -0.99 % Date: 8/31/2011
Return: 4.11 % Date: 7/31/2011
Return: -1.40 % Date: 6/30/2011
Return: -1.76 % Date: 5/31/2011
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 05/11 - 03/17
Return: -10.00 %
Count: 1 Return: -6.00 %
Count: 1 Return: 7.00 %
Count: 3 Return: 2.00 %
Count: 3 Return: 8.00 %
Count: 1 Return: -4.00 %
Count: 5 Return: 1.00 %
Count: 4 Return: -5.00 %
Count: 2 Return: -9.00 %
Count: 1 Return: 19.00 %
Count: 1 Return: 14.00 %
Count: 1 Return: -11.00 %
Count: 1 Return: 9.00 %
Count: 4 Return: 5.00 %
Count: 4 Return: 3.00 %
Count: 3 Return: -3.00 %
Count: 3 Return: 4.00 %
Count: 3 Return: -1.00 %
Count: 11 Return: -2.00 %
Count: 11 Return: 0.00 %
Count: 8
Note: All performance data is since program inception.

Underwater Curve
Date Range: 05/11 - 03/17
Date: 3/31/2017
Drawdown: -24.92 % Date: 2/28/2017
Drawdown: -24.00 % Date: 1/31/2017
Drawdown: -23.13 % Date: 12/31/2016
Drawdown: -22.93 % Date: 11/30/2016
Drawdown: -20.87 % Date: 10/31/2016
Drawdown: -17.78 % Date: 9/30/2016
Drawdown: -17.57 % Date: 8/31/2016
Drawdown: -15.69 % Date: 7/31/2016
Drawdown: -13.54 % Date: 6/30/2016
Drawdown: -4.06 % Date: 5/31/2016
Drawdown: -9.96 % Date: 4/30/2016
Drawdown: -12.59 % Date: 3/31/2016
Drawdown: -18.35 % Date: 2/29/2016
Drawdown: -15.84 % Date: 1/31/2016
Drawdown: -15.12 % Date: 12/31/2015
Drawdown: -15.41 % Date: 11/30/2015
Drawdown: -15.36 % Date: 10/31/2015
Drawdown: -14.30 % Date: 9/30/2015
Drawdown: -12.56 % Date: 8/31/2015
Drawdown: -12.51 % Date: 7/31/2015
Drawdown: -10.87 % Date: 6/30/2015
Drawdown: -5.01 % Date: 5/31/2015
Drawdown: -12.69 % Date: 4/30/2015
Drawdown: -11.64 % Date: 3/31/2015
Drawdown: -9.73 % Date: 2/28/2015
Drawdown: -9.48 % Date: 1/31/2015
Drawdown: -6.11 % Date: 12/31/2014
Drawdown: -0.84 % Date: 11/30/2014
Drawdown: -2.53 % Date: 10/31/2014
Drawdown: -3.89 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -1.07 % Date: 6/30/2014
Drawdown: -5.58 % Date: 5/31/2014
Drawdown: -2.16 % 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: -1.27 % Date: 12/31/2013
Drawdown: -2.22 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: -1.66 % Date: 9/30/2013
Drawdown: -0.18 % Date: 8/31/2013
Drawdown: -2.41 % Date: 7/31/2013
Drawdown: -10.60 % Date: 6/30/2013
Drawdown: -17.16 % Date: 5/31/2013
Drawdown: -13.53 % Date: 4/30/2013
Drawdown: -11.89 % Date: 3/31/2013
Drawdown: -10.54 % Date: 2/28/2013
Drawdown: -9.54 % Date: 1/31/2013
Drawdown: -14.23 % Date: 12/31/2012
Drawdown: -13.29 % Date: 11/30/2012
Drawdown: -14.46 % Date: 10/31/2012
Drawdown: -13.53 % Date: 9/30/2012
Drawdown: -9.06 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: -11.12 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: 0.00 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: -3.50 % Date: 12/31/2011
Drawdown: -3.16 % Date: 11/30/2011
Drawdown: -1.64 % Date: 10/31/2011
Drawdown: -4.28 % Date: 9/30/2011
Drawdown: -0.99 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -3.14 % Date: 6/30/2011
Drawdown: -1.76 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Bocken Trading, LLC
Address: 9047 Poplar Avenue, Suite 101
City: Germantown
State: TN
Zip: 38138
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.