Altegris Clearing Solutions Ditsch Trading, LLC Discretionary Trading Program
Monthly Performance (%)
Date Range: 12/10 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.96 0.15 1.11
2016 0.51 2.21 -2.67 8.44 3.20 7.75 -14.50 -1.82 -1.38 -1.66 -1.05 -0.23 -3.10
2015 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.81 0.81
2014 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2013 3.43 4.59 -13.01 5.58 -4.18 -3.86 8.88 17.49 -3.22 0.00 0.00 0.00 13.31
2012 -2.62 15.72 14.56 34.03 -29.68 46.16 47.72 16.75 -28.96 -9.23 -6.43 -1.92 81.50
2011 -0.93 -10.94 -10.66 -0.51 3.71 -2.73 1.46 -0.99 6.85 3.54 -2.25 -6.80 -19.90
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Fundamental Agriculture Futures Trading focused on grain and oilseed. The trading program’s focus is in agricultural commodities, specifically grain and oilseeds. Mr. Ditsch’s fundamental analysis on the grain and oilseed markets includes forecasting US and world supply and demand tables, monitoring of US and world weather, studying domestic and international freight values, and tracking the underlying international cash values associated with agricultural futures markets. Mr. Ditsch has led the trading operations within two large companies in the industry: Zen-noh Grain Corporation and Noble Agri. Ditsch Trading closely monitors development in world currency values and political events that can have an influence on global trade flows. Technical analysis is used very rarely and generally only to help determine entrance and exit points. Options are frequently used to enhance potential revenue and manage risk. Ditsch Trading is comfortable trading from both the long and short side of futures and options markets and frequently utilizes spreads.

Performance Statistics
Date Range: 12/10 - 02/17
  Program SP500 TR Altegris 40
Total Return 62.72% 128.83% 6.15%
Annualized Return 8.22% 14.16% 0.96%
Annualized Std. Deviation 39.15% 11.38% 8.73%
Correlation 0.08 -0.01
Sharpe Ratio (rf=2.5%) 0.15 1.02 -0.18
Worst Month -29.68% -7.03% -5.20%
Date of Worst Month 05/2012 09/2011 06/2015
Worst Drawdown -45.84% -16.26% -15.74%
Date of Worst Drawdown 8/12 - 6/13 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 12/10 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 1.11 5.95 0.86
2016 -3.10 11.98 -3.13
2015 0.81 1.41 0.09
2014 0.00 13.69 15.75
2013 13.31 32.41 -2.45
2012 81.50 15.98 -4.75
2011 -19.90 2.12 -3.23
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 12/10 - 02/17
Date: 2/28/2017
Perf: $1,017.87 Date: 1/31/2017
Perf: $996.15 Date: 12/31/2016
Perf: $1,009.17 Date: 11/30/2016
Perf: $1,001.56 Date: 10/31/2016
Perf: $1,012.70 Date: 9/30/2016
Perf: $1,039.52 Date: 8/31/2016
Perf: $1,053.10 Date: 7/31/2016
Perf: $1,082.21 Date: 6/30/2016
Perf: $1,071.29 Date: 5/31/2016
Perf: $1,027.61 Date: 4/30/2016
Perf: $1,045.92 Date: 3/31/2016
Perf: $1,072.84 Date: 2/29/2016
Perf: $1,104.54 Date: 1/31/2016
Perf: $1,078.03 Date: 12/31/2015
Perf: $1,041.77 Date: 11/30/2015
Perf: $1,066.30 Date: 10/31/2015
Perf: $1,031.13 Date: 9/30/2015
Perf: $1,049.39 Date: 8/31/2015
Perf: $1,027.11 Date: 7/31/2015
Perf: $1,045.19 Date: 6/30/2015
Perf: $1,005.86 Date: 5/31/2015
Perf: $1,061.03 Date: 4/30/2015
Perf: $1,068.73 Date: 3/31/2015
Perf: $1,111.64 Date: 2/28/2015
Perf: $1,087.60 Date: 1/31/2015
Perf: $1,089.34 Date: 12/31/2014
Perf: $1,040.84 Date: 11/30/2014
Perf: $1,022.84 Date: 10/31/2014
Perf: $965.40 Date: 9/30/2014
Perf: $951.41 Date: 8/31/2014
Perf: $937.44 Date: 7/31/2014
Perf: $899.40 Date: 6/30/2014
Perf: $906.65 Date: 5/31/2014
Perf: $898.92 Date: 4/30/2014
Perf: $876.48 Date: 3/31/2014
Perf: $869.87 Date: 2/28/2014
Perf: $882.94 Date: 1/31/2014
Perf: $875.76 Date: 12/31/2013
Perf: $899.23 Date: 11/30/2013
Perf: $900.49 Date: 10/31/2013
Perf: $884.48 Date: 9/30/2013
Perf: $864.68 Date: 8/31/2013
Perf: $869.90 Date: 7/31/2013
Perf: $886.93 Date: 6/30/2013
Perf: $894.71 Date: 5/31/2013
Perf: $929.96 Date: 4/30/2013
Perf: $971.74 Date: 3/31/2013
Perf: $947.30 Date: 2/28/2013
Perf: $933.85 Date: 1/31/2013
Perf: $939.30 Date: 12/31/2012
Perf: $921.79 Date: 11/30/2012
Perf: $917.29 Date: 10/31/2012
Perf: $914.73 Date: 9/30/2012
Perf: $949.09 Date: 8/31/2012
Perf: $965.01 Date: 7/31/2012
Perf: $978.32 Date: 6/30/2012
Perf: $939.88 Date: 5/31/2012
Perf: $976.60 Date: 4/30/2012
Perf: $958.39 Date: 3/31/2012
Perf: $952.67 Date: 2/29/2012
Perf: $974.80 Date: 1/31/2012
Perf: $970.82 Date: 12/31/2011
Perf: $967.72 Date: 11/30/2011
Perf: $958.52 Date: 10/31/2011
Perf: $955.65 Date: 9/30/2011
Perf: $995.06 Date: 8/31/2011
Perf: $995.65 Date: 7/31/2011
Perf: $997.65 Date: 6/30/2011
Perf: $963.08 Date: 5/31/2011
Perf: $988.78 Date: 4/30/2011
Perf: $1,026.24 Date: 3/31/2011
Perf: $987.72 Date: 2/28/2011
Perf: $1,003.07 Date: 1/31/2011
Perf: $986.30 Date: 12/31/2010
Perf: $1,000.00 Date: 2/28/2017
Perf: $2,144.98 Date: 1/31/2017
Perf: $2,063.07 Date: 12/31/2016
Perf: $2,024.60 Date: 11/30/2016
Perf: $1,985.30 Date: 10/31/2016
Perf: $1,914.46 Date: 9/30/2016
Perf: $1,949.95 Date: 8/31/2016
Perf: $1,949.56 Date: 7/31/2016
Perf: $1,946.83 Date: 6/30/2016
Perf: $1,877.55 Date: 5/31/2016
Perf: $1,872.68 Date: 4/30/2016
Perf: $1,839.57 Date: 3/31/2016
Perf: $1,832.42 Date: 2/29/2016
Perf: $1,716.07 Date: 1/31/2016
Perf: $1,718.31 Date: 12/31/2015
Perf: $1,807.98 Date: 11/30/2015
Perf: $1,837.01 Date: 10/31/2015
Perf: $1,831.51 Date: 9/30/2015
Perf: $1,688.97 Date: 8/31/2015
Perf: $1,731.74 Date: 7/31/2015
Perf: $1,842.86 Date: 6/30/2015
Perf: $1,804.96 Date: 5/31/2015
Perf: $1,840.67 Date: 4/30/2015
Perf: $1,817.23 Date: 3/31/2015
Perf: $1,799.95 Date: 2/28/2015
Perf: $1,828.84 Date: 1/31/2015
Perf: $1,729.40 Date: 12/31/2014
Perf: $1,782.89 Date: 11/30/2014
Perf: $1,787.36 Date: 10/31/2014
Perf: $1,740.54 Date: 9/30/2014
Perf: $1,699.08 Date: 8/31/2014
Perf: $1,723.20 Date: 7/31/2014
Perf: $1,656.93 Date: 6/30/2014
Perf: $1,680.11 Date: 5/31/2014
Perf: $1,646.04 Date: 4/30/2014
Perf: $1,608.25 Date: 3/31/2014
Perf: $1,596.43 Date: 2/28/2014
Perf: $1,583.13 Date: 1/31/2014
Perf: $1,513.95 Date: 12/31/2013
Perf: $1,568.21 Date: 11/30/2013
Perf: $1,529.51 Date: 10/31/2013
Perf: $1,484.24 Date: 9/30/2013
Perf: $1,418.97 Date: 8/31/2013
Perf: $1,375.77 Date: 7/31/2013
Perf: $1,416.86 Date: 6/30/2013
Perf: $1,348.23 Date: 5/31/2013
Perf: $1,366.54 Date: 4/30/2013
Perf: $1,335.30 Date: 3/31/2013
Perf: $1,310.02 Date: 2/28/2013
Perf: $1,262.67 Date: 1/31/2013
Perf: $1,245.72 Date: 12/31/2012
Perf: $1,184.37 Date: 11/30/2012
Perf: $1,173.69 Date: 10/31/2012
Perf: $1,166.92 Date: 9/30/2012
Perf: $1,188.92 Date: 8/31/2012
Perf: $1,159.02 Date: 7/31/2012
Perf: $1,133.51 Date: 6/30/2012
Perf: $1,117.97 Date: 5/31/2012
Perf: $1,073.74 Date: 4/30/2012
Perf: $1,142.39 Date: 3/31/2012
Perf: $1,149.64 Date: 2/29/2012
Perf: $1,113.02 Date: 1/31/2012
Perf: $1,066.93 Date: 12/31/2011
Perf: $1,021.18 Date: 11/30/2011
Perf: $1,010.87 Date: 10/31/2011
Perf: $1,013.10 Date: 9/30/2011
Perf: $913.27 Date: 8/31/2011
Perf: $982.33 Date: 7/31/2011
Perf: $1,038.74 Date: 6/30/2011
Perf: $1,060.26 Date: 5/31/2011
Perf: $1,078.27 Date: 4/30/2011
Perf: $1,090.59 Date: 3/31/2011
Perf: $1,059.24 Date: 2/28/2011
Perf: $1,058.81 Date: 1/31/2011
Perf: $1,023.70 Date: 12/31/2010
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,627.20 Date: 1/31/2017
Perf: $1,624.76 Date: 12/31/2016
Perf: $1,609.31 Date: 11/30/2016
Perf: $1,613.02 Date: 10/31/2016
Perf: $1,630.14 Date: 9/30/2016
Perf: $1,657.66 Date: 8/31/2016
Perf: $1,680.85 Date: 7/31/2016
Perf: $1,712.01 Date: 6/30/2016
Perf: $2,002.35 Date: 5/31/2016
Perf: $1,858.33 Date: 4/30/2016
Perf: $1,800.71 Date: 3/31/2016
Perf: $1,660.56 Date: 2/29/2016
Perf: $1,706.11 Date: 1/31/2016
Perf: $1,669.22 Date: 12/31/2015
Perf: $1,660.75 Date: 11/30/2015
Perf: $1,647.41 Date: 10/31/2015
Perf: $1,647.41 Date: 9/30/2015
Perf: $1,647.41 Date: 8/31/2015
Perf: $1,647.41 Date: 7/31/2015
Perf: $1,647.41 Date: 6/30/2015
Perf: $1,647.41 Date: 5/31/2015
Perf: $1,647.41 Date: 4/30/2015
Perf: $1,647.41 Date: 3/31/2015
Perf: $1,647.41 Date: 2/28/2015
Perf: $1,647.41 Date: 1/31/2015
Perf: $1,647.41 Date: 12/31/2014
Perf: $1,647.41 Date: 11/30/2014
Perf: $1,647.41 Date: 10/31/2014
Perf: $1,647.41 Date: 9/30/2014
Perf: $1,647.41 Date: 8/31/2014
Perf: $1,647.41 Date: 7/31/2014
Perf: $1,647.41 Date: 6/30/2014
Perf: $1,647.41 Date: 5/31/2014
Perf: $1,647.41 Date: 4/30/2014
Perf: $1,647.41 Date: 3/31/2014
Perf: $1,647.41 Date: 2/28/2014
Perf: $1,647.41 Date: 1/31/2014
Perf: $1,647.41 Date: 12/31/2013
Perf: $1,647.41 Date: 11/30/2013
Perf: $1,647.41 Date: 10/31/2013
Perf: $1,647.41 Date: 9/30/2013
Perf: $1,647.41 Date: 8/31/2013
Perf: $1,702.22 Date: 7/31/2013
Perf: $1,448.82 Date: 6/30/2013
Perf: $1,330.66 Date: 5/31/2013
Perf: $1,384.08 Date: 4/30/2013
Perf: $1,444.46 Date: 3/31/2013
Perf: $1,368.12 Date: 2/28/2013
Perf: $1,572.73 Date: 1/31/2013
Perf: $1,503.71 Date: 12/31/2012
Perf: $1,453.85 Date: 11/30/2012
Perf: $1,482.31 Date: 10/31/2012
Perf: $1,584.17 Date: 9/30/2012
Perf: $1,745.25 Date: 8/31/2012
Perf: $2,456.72 Date: 7/31/2012
Perf: $2,104.26 Date: 6/30/2012
Perf: $1,424.49 Date: 5/31/2012
Perf: $974.61 Date: 4/30/2012
Perf: $1,385.97 Date: 3/31/2012
Perf: $1,034.07 Date: 2/29/2012
Perf: $902.65 Date: 1/31/2012
Perf: $780.03 Date: 12/31/2011
Perf: $801.01 Date: 11/30/2011
Perf: $859.46 Date: 10/31/2011
Perf: $879.24 Date: 9/30/2011
Perf: $849.18 Date: 8/31/2011
Perf: $794.74 Date: 7/31/2011
Perf: $802.68 Date: 6/30/2011
Perf: $791.13 Date: 5/31/2011
Perf: $813.34 Date: 4/30/2011
Perf: $784.24 Date: 3/31/2011
Perf: $788.26 Date: 2/28/2011
Perf: $882.32 Date: 1/31/2011
Perf: $990.70 Date: 12/31/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 12/10 - 02/17
Date: 2/28/2017
Return: 0.15 % Date: 1/31/2017
Return: 0.96 % Date: 12/31/2016
Return: -0.23 % Date: 11/30/2016
Return: -1.05 % Date: 10/31/2016
Return: -1.66 % Date: 9/30/2016
Return: -1.38 % Date: 8/31/2016
Return: -1.82 % Date: 7/31/2016
Return: -14.50 % Date: 6/30/2016
Return: 7.75 % Date: 5/31/2016
Return: 3.20 % Date: 4/30/2016
Return: 8.44 % Date: 3/31/2016
Return: -2.67 % Date: 2/29/2016
Return: 2.21 % Date: 1/31/2016
Return: 0.51 % Date: 12/31/2015
Return: 0.81 % Date: 11/30/2015
Return: 0.00 % Date: 10/31/2015
Return: 0.00 % Date: 9/30/2015
Return: 0.00 % Date: 8/31/2015
Return: 0.00 % Date: 7/31/2015
Return: 0.00 % Date: 6/30/2015
Return: 0.00 % Date: 5/31/2015
Return: 0.00 % Date: 4/30/2015
Return: 0.00 % Date: 3/31/2015
Return: 0.00 % Date: 2/28/2015
Return: 0.00 % Date: 1/31/2015
Return: 0.00 % Date: 12/31/2014
Return: 0.00 % Date: 11/30/2014
Return: 0.00 % Date: 10/31/2014
Return: 0.00 % Date: 9/30/2014
Return: 0.00 % Date: 8/31/2014
Return: 0.00 % Date: 7/31/2014
Return: 0.00 % Date: 6/30/2014
Return: 0.00 % Date: 5/31/2014
Return: 0.00 % Date: 4/30/2014
Return: 0.00 % Date: 3/31/2014
Return: 0.00 % Date: 2/28/2014
Return: 0.00 % Date: 1/31/2014
Return: 0.00 % Date: 12/31/2013
Return: 0.00 % Date: 11/30/2013
Return: 0.00 % Date: 10/31/2013
Return: 0.00 % Date: 9/30/2013
Return: -3.22 % Date: 8/31/2013
Return: 17.49 % Date: 7/31/2013
Return: 8.88 % Date: 6/30/2013
Return: -3.86 % Date: 5/31/2013
Return: -4.18 % Date: 4/30/2013
Return: 5.58 % Date: 3/31/2013
Return: -13.01 % Date: 2/28/2013
Return: 4.59 % Date: 1/31/2013
Return: 3.43 % Date: 12/31/2012
Return: -1.92 % Date: 11/30/2012
Return: -6.43 % Date: 10/31/2012
Return: -9.23 % Date: 9/30/2012
Return: -28.96 % Date: 8/31/2012
Return: 16.75 % Date: 7/31/2012
Return: 47.72 % Date: 6/30/2012
Return: 46.16 % Date: 5/31/2012
Return: -29.68 % Date: 4/30/2012
Return: 34.03 % Date: 3/31/2012
Return: 14.56 % Date: 2/29/2012
Return: 15.72 % Date: 1/31/2012
Return: -2.62 % Date: 12/31/2011
Return: -6.80 % Date: 11/30/2011
Return: -2.25 % Date: 10/31/2011
Return: 3.54 % Date: 9/30/2011
Return: 6.85 % Date: 8/31/2011
Return: -0.99 % Date: 7/31/2011
Return: 1.46 % Date: 6/30/2011
Return: -2.73 % Date: 5/31/2011
Return: 3.71 % Date: 4/30/2011
Return: -0.51 % Date: 3/31/2011
Return: -10.66 % Date: 2/28/2011
Return: -10.94 % Date: 1/31/2011
Return: -0.93 % Date: 12/31/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 12/10 - 02/17
Return: -14.00 %
Count: 1 Return: 8.00 %
Count: 2 Return: 2.00 %
Count: 1 Return: 9.00 %
Count: 1 Return: -4.00 %
Count: 2 Return: 6.00 %
Count: 1 Return: -13.00 %
Count: 1 Return: 5.00 %
Count: 1 Return: 3.00 %
Count: 2 Return: -6.00 %
Count: 1 Return: -9.00 %
Count: 1 Return: -29.00 %
Count: 1 Return: 17.00 %
Count: 2 Return: 48.00 %
Count: 1 Return: 46.00 %
Count: 1 Return: -30.00 %
Count: 1 Return: 34.00 %
Count: 1 Return: 15.00 %
Count: 1 Return: 16.00 %
Count: 1 Return: -7.00 %
Count: 1 Return: -2.00 %
Count: 4 Return: 7.00 %
Count: 1 Return: 1.00 %
Count: 4 Return: -3.00 %
Count: 4 Return: 4.00 %
Count: 2 Return: -11.00 %
Count: 2 Return: -1.00 %
Count: 5 Return: 0.00 %
Count: 29
Note: All performance data is since program inception.

Underwater Curve
Date Range: 12/10 - 02/17
Date: 2/28/2017
Drawdown: -33.77 % Date: 1/31/2017
Drawdown: -33.86 % Date: 12/31/2016
Drawdown: -34.49 % Date: 11/30/2016
Drawdown: -34.34 % Date: 10/31/2016
Drawdown: -33.65 % Date: 9/30/2016
Drawdown: -32.53 % Date: 8/31/2016
Drawdown: -31.58 % Date: 7/31/2016
Drawdown: -30.31 % Date: 6/30/2016
Drawdown: -18.49 % Date: 5/31/2016
Drawdown: -24.36 % Date: 4/30/2016
Drawdown: -26.70 % Date: 3/31/2016
Drawdown: -32.41 % Date: 2/29/2016
Drawdown: -30.55 % Date: 1/31/2016
Drawdown: -32.05 % Date: 12/31/2015
Drawdown: -32.40 % Date: 11/30/2015
Drawdown: -32.94 % Date: 10/31/2015
Drawdown: -32.94 % Date: 9/30/2015
Drawdown: -32.94 % Date: 8/31/2015
Drawdown: -32.94 % Date: 7/31/2015
Drawdown: -32.94 % Date: 6/30/2015
Drawdown: -32.94 % Date: 5/31/2015
Drawdown: -32.94 % Date: 4/30/2015
Drawdown: -32.94 % Date: 3/31/2015
Drawdown: -32.94 % Date: 2/28/2015
Drawdown: -32.94 % Date: 1/31/2015
Drawdown: -32.94 % Date: 12/31/2014
Drawdown: -32.94 % Date: 11/30/2014
Drawdown: -32.94 % Date: 10/31/2014
Drawdown: -32.94 % Date: 9/30/2014
Drawdown: -32.94 % Date: 8/31/2014
Drawdown: -32.94 % Date: 7/31/2014
Drawdown: -32.94 % Date: 6/30/2014
Drawdown: -32.94 % Date: 5/31/2014
Drawdown: -32.94 % Date: 4/30/2014
Drawdown: -32.94 % Date: 3/31/2014
Drawdown: -32.94 % Date: 2/28/2014
Drawdown: -32.94 % Date: 1/31/2014
Drawdown: -32.94 % Date: 12/31/2013
Drawdown: -32.94 % Date: 11/30/2013
Drawdown: -32.94 % Date: 10/31/2013
Drawdown: -32.94 % Date: 9/30/2013
Drawdown: -32.94 % Date: 8/31/2013
Drawdown: -30.71 % Date: 7/31/2013
Drawdown: -41.03 % Date: 6/30/2013
Drawdown: -45.84 % Date: 5/31/2013
Drawdown: -43.66 % Date: 4/30/2013
Drawdown: -41.20 % Date: 3/31/2013
Drawdown: -44.31 % Date: 2/28/2013
Drawdown: -35.98 % Date: 1/31/2013
Drawdown: -38.79 % Date: 12/31/2012
Drawdown: -40.82 % Date: 11/30/2012
Drawdown: -39.66 % Date: 10/31/2012
Drawdown: -35.52 % Date: 9/30/2012
Drawdown: -28.96 % 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: -29.68 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: 0.00 % Date: 2/29/2012
Drawdown: -9.74 % Date: 1/31/2012
Drawdown: -22.00 % Date: 12/31/2011
Drawdown: -19.90 % Date: 11/30/2011
Drawdown: -14.05 % Date: 10/31/2011
Drawdown: -12.08 % Date: 9/30/2011
Drawdown: -15.08 % Date: 8/31/2011
Drawdown: -20.53 % Date: 7/31/2011
Drawdown: -19.73 % Date: 6/30/2011
Drawdown: -20.89 % Date: 5/31/2011
Drawdown: -18.67 % Date: 4/30/2011
Drawdown: -21.58 % Date: 3/31/2011
Drawdown: -21.17 % Date: 2/28/2011
Drawdown: -11.77 % Date: 1/31/2011
Drawdown: -0.93 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Ditsch Trading, LLC
Address: 9047 Poplar Ave, 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.