Red Rock Capital, LLC

Systematic Global Macro Program


Monthly Performance (%)

Date Range: 08/03 - 11/18
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2018 2.74 -3.41 -2.48 -0.11 -4.39 -0.10 -2.73 0.08 -2.91 1.82 0.51   -10.69 
2017 -0.58 -0.98 -1.43 0.99 -0.77 2.73 -3.57 -3.10 -0.07 0.49 0.16 0.77  -5.39 
2016 0.03 5.09 -1.78 -2.75 -0.05 9.87 -2.32 -0.44 1.59 -3.25 -2.14 -1.19  1.92 
2015 7.94 1.12 2.78 0.68 1.66 -3.25 0.45 -4.31 1.54 -1.47 2.80 0.20  10.04 
2014 1.63 3.92 -1.15 2.87 0.76 0.68 0.29 3.98 3.11 -0.47 2.82 1.60  21.80 
2013 1.43 -0.89 1.83 0.50 -2.20 -2.78 1.57 -0.70 -1.52 0.51 0.87 1.74  0.22 
2012 -1.28 -2.25 -2.02 1.09 1.24 -5.47 5.29 -1.28 -3.28 -0.06 1.56 -1.14  -7.73 
2011 1.89 1.48 -2.11 3.34 -3.21 -2.70 3.08 0.42 -0.12 -3.16 2.08 0.76  1.44 
2010 -1.00 0.74 3.65 0.85 -6.16 -0.93 -2.89 0.90 6.10 3.98 -2.05 4.90  7.65 
2009 1.88 0.39 -2.37 -0.63 -2.27 -0.90 -0.29 4.41 1.44 -0.76 4.54 -2.71  2.43 
2008 16.44 18.66 -3.17 0.16 0.20 3.34 -6.48 -1.60 3.23 10.32 2.05 0.90  49.73 
2007 -0.16 -0.92 0.15 4.50 -1.24 0.31 -2.84 -4.93 5.01 5.34 -0.37 4.00  8.58 
2006 7.08 0.99 1.32 1.98 1.49 -2.07 -3.52 -2.49 0.06 1.54 1.28 -1.69  5.69 
2005 -0.34 -0.95 -4.72 -5.34 -0.31 -2.34 0.87 -2.99 3.23 4.69 6.74 1.31  -0.88 
2004 0.88 7.27 7.80 -7.60 -3.36 1.06 1.36 -5.10 4.13 0.46 9.42 -2.40  13.13 
2003 3.82 5.43 2.99 8.33  22.12 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Systematic Global Macro Program was designed to capture the high-value payoff portion of globally trending markets by blending the benefits of both momentum and probability theory. The Program has three distinct aspects: Market Profiling, Alpha Generation, and Phase Discrimination. The Program is completely quantitative, systematic, and adaptable. Long and short positions are tactically implemented and managed on a globally diverse portfolio of liquid futures markets. It is Red Rock’s aim, through the disciplined application of their Systematic Global Macro Program, to produce as high as possible risk-adjusted returns for themselves and their investors – returns that are uncorrelated to the performance of major asset classes like stocks, bonds, & real estate.

Performance Statistics

Date Range: 08/03 - 11/18
  Program S&P 500 Altegris 40 
Total Return 180.95% 282.07% 50.91% 
Annualized Return 7.01% 9.14% 2.72% 
Annualized Std. Deviation 12.47% 13.18% 9.03% 
Correlation -0.07 0.62 
Sharpe Ratio (rf=2.5%) 0.36 0.50 0.02 
Worst Month -7.60% -16.79% -6.22% 
Date of Worst Month 04/2004 10/2008 04/2004 
Worst Drawdown -23.69% -50.95% -15.74% 
Date of Worst Drawdown 6/16 - 9/18 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 08/03 - 11/18

Year or YTD Program S&P 500 Altegris 40 
2018 -10.69 5.11 -4.69 
2017 -5.39 21.84 1.24 
2016 1.92 11.98 -3.13 
2015 10.04 1.41 0.09 
2014 21.80 13.69 15.75 
2013 0.22 32.41 -2.45 
2012 -7.73 15.98 -4.75 
2011 1.44 2.12 -3.23 
2010 7.65 15.06 11.33 
2009 2.43 26.45 -7.98 
2008 49.73 -36.99 15.47 
2007 8.58 5.50 7.18 
2006 5.69 15.79 6.70 
2005 -0.88 4.89 4.51 
2004 13.13 10.87 2.57 
2003 22.12 10.99 5.87 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 08/03 - 11/18
Date: 11/30/2018
Perf: $1,495.04 Date: 10/31/2018
Perf: $1,513.20 Date: 9/30/2018
Perf: $1,551.52 Date: 8/31/2018
Perf: $1,558.53 Date: 7/31/2018
Perf: $1,519.78 Date: 6/30/2018
Perf: $1,531.26 Date: 5/31/2018
Perf: $1,518.51 Date: 4/30/2018
Perf: $1,538.35 Date: 3/31/2018
Perf: $1,521.92 Date: 2/28/2018
Perf: $1,523.29 Date: 1/31/2018
Perf: $1,622.25 Date: 12/31/2017
Perf: $1,568.60 Date: 11/30/2017
Perf: $1,551.69 Date: 10/31/2017
Perf: $1,549.67 Date: 9/30/2017
Perf: $1,487.35 Date: 8/31/2017
Perf: $1,519.41 Date: 7/31/2017
Perf: $1,494.60 Date: 6/30/2017
Perf: $1,488.79 Date: 5/31/2017
Perf: $1,533.57 Date: 4/30/2017
Perf: $1,530.67 Date: 3/31/2017
Perf: $1,539.91 Date: 2/28/2017
Perf: $1,562.72 Date: 1/31/2017
Perf: $1,529.38 Date: 12/31/2016
Perf: $1,549.37 Date: 11/30/2016
Perf: $1,537.68 Date: 10/31/2016
Perf: $1,554.78 Date: 9/30/2016
Perf: $1,595.96 Date: 8/31/2016
Perf: $1,616.82 Date: 7/31/2016
Perf: $1,661.51 Date: 6/30/2016
Perf: $1,644.74 Date: 5/31/2016
Perf: $1,577.68 Date: 4/30/2016
Perf: $1,605.78 Date: 3/31/2016
Perf: $1,647.13 Date: 2/29/2016
Perf: $1,695.80 Date: 1/31/2016
Perf: $1,655.08 Date: 12/31/2015
Perf: $1,599.42 Date: 11/30/2015
Perf: $1,637.07 Date: 10/31/2015
Perf: $1,583.09 Date: 9/30/2015
Perf: $1,611.13 Date: 8/31/2015
Perf: $1,576.91 Date: 7/31/2015
Perf: $1,604.67 Date: 6/30/2015
Perf: $1,544.29 Date: 5/31/2015
Perf: $1,628.99 Date: 4/30/2015
Perf: $1,640.81 Date: 3/31/2015
Perf: $1,706.68 Date: 2/28/2015
Perf: $1,669.78 Date: 1/31/2015
Perf: $1,672.46 Date: 12/31/2014
Perf: $1,597.99 Date: 11/30/2014
Perf: $1,570.35 Date: 10/31/2014
Perf: $1,482.17 Date: 9/30/2014
Perf: $1,460.69 Date: 8/31/2014
Perf: $1,439.25 Date: 7/31/2014
Perf: $1,380.84 Date: 6/30/2014
Perf: $1,391.97 Date: 5/31/2014
Perf: $1,380.11 Date: 4/30/2014
Perf: $1,345.66 Date: 3/31/2014
Perf: $1,335.51 Date: 2/28/2014
Perf: $1,355.57 Date: 1/31/2014
Perf: $1,344.54 Date: 12/31/2013
Perf: $1,380.58 Date: 11/30/2013
Perf: $1,382.51 Date: 10/31/2013
Perf: $1,357.93 Date: 9/30/2013
Perf: $1,327.53 Date: 8/31/2013
Perf: $1,335.55 Date: 7/31/2013
Perf: $1,361.69 Date: 6/30/2013
Perf: $1,373.64 Date: 5/31/2013
Perf: $1,427.75 Date: 4/30/2013
Perf: $1,491.91 Date: 3/31/2013
Perf: $1,454.38 Date: 2/28/2013
Perf: $1,433.74 Date: 1/31/2013
Perf: $1,442.10 Date: 12/31/2012
Perf: $1,415.21 Date: 11/30/2012
Perf: $1,408.31 Date: 10/31/2012
Perf: $1,404.38 Date: 9/30/2012
Perf: $1,457.13 Date: 8/31/2012
Perf: $1,481.57 Date: 7/31/2012
Perf: $1,502.00 Date: 6/30/2012
Perf: $1,442.98 Date: 5/31/2012
Perf: $1,499.36 Date: 4/30/2012
Perf: $1,471.40 Date: 3/31/2012
Perf: $1,462.63 Date: 2/29/2012
Perf: $1,496.60 Date: 1/31/2012
Perf: $1,490.49 Date: 12/31/2011
Perf: $1,485.73 Date: 11/30/2011
Perf: $1,471.61 Date: 10/31/2011
Perf: $1,467.20 Date: 9/30/2011
Perf: $1,527.70 Date: 8/31/2011
Perf: $1,528.62 Date: 7/31/2011
Perf: $1,531.68 Date: 6/30/2011
Perf: $1,478.60 Date: 5/31/2011
Perf: $1,518.07 Date: 4/30/2011
Perf: $1,575.58 Date: 3/31/2011
Perf: $1,516.44 Date: 2/28/2011
Perf: $1,540.00 Date: 1/31/2011
Perf: $1,514.26 Date: 12/31/2010
Perf: $1,535.29 Date: 11/30/2010
Perf: $1,472.14 Date: 10/31/2010
Perf: $1,526.16 Date: 9/30/2010
Perf: $1,469.16 Date: 8/31/2010
Perf: $1,442.90 Date: 7/31/2010
Perf: $1,385.54 Date: 6/30/2010
Perf: $1,403.64 Date: 5/31/2010
Perf: $1,398.33 Date: 4/30/2010
Perf: $1,433.01 Date: 3/31/2010
Perf: $1,411.28 Date: 2/28/2010
Perf: $1,357.39 Date: 1/31/2010
Perf: $1,344.75 Date: 12/31/2009
Perf: $1,379.09 Date: 11/30/2009
Perf: $1,436.55 Date: 10/31/2009
Perf: $1,380.90 Date: 9/30/2009
Perf: $1,417.18 Date: 8/31/2009
Perf: $1,384.23 Date: 7/31/2009
Perf: $1,379.68 Date: 6/30/2009
Perf: $1,381.20 Date: 5/31/2009
Perf: $1,418.94 Date: 4/30/2009
Perf: $1,399.63 Date: 3/31/2009
Perf: $1,446.94 Date: 2/28/2009
Perf: $1,488.16 Date: 1/31/2009
Perf: $1,488.91 Date: 12/31/2008
Perf: $1,498.65 Date: 11/30/2008
Perf: $1,461.10 Date: 10/31/2008
Perf: $1,409.38 Date: 9/30/2008
Perf: $1,340.35 Date: 8/31/2008
Perf: $1,337.54 Date: 7/31/2008
Perf: $1,374.23 Date: 6/30/2008
Perf: $1,440.34 Date: 5/31/2008
Perf: $1,402.89 Date: 4/30/2008
Perf: $1,374.57 Date: 3/31/2008
Perf: $1,390.56 Date: 2/29/2008
Perf: $1,396.71 Date: 1/31/2008
Perf: $1,321.51 Date: 12/31/2007
Perf: $1,297.89 Date: 11/30/2007
Perf: $1,300.88 Date: 10/31/2007
Perf: $1,309.39 Date: 9/30/2007
Perf: $1,255.29 Date: 8/31/2007
Perf: $1,199.28 Date: 7/31/2007
Perf: $1,245.75 Date: 6/30/2007
Perf: $1,285.47 Date: 5/31/2007
Perf: $1,249.37 Date: 4/30/2007
Perf: $1,206.30 Date: 3/31/2007
Perf: $1,157.68 Date: 2/28/2007
Perf: $1,185.42 Date: 1/31/2007
Perf: $1,231.60 Date: 12/31/2006
Perf: $1,210.90 Date: 11/30/2006
Perf: $1,171.31 Date: 10/31/2006
Perf: $1,143.29 Date: 9/30/2006
Perf: $1,130.86 Date: 8/31/2006
Perf: $1,142.97 Date: 7/31/2006
Perf: $1,130.31 Date: 6/30/2006
Perf: $1,147.29 Date: 5/31/2006
Perf: $1,163.23 Date: 4/30/2006
Perf: $1,194.89 Date: 3/31/2006
Perf: $1,166.43 Date: 2/28/2006
Perf: $1,135.99 Date: 1/31/2006
Perf: $1,156.57 Date: 12/31/2005
Perf: $1,134.90 Date: 11/30/2005
Perf: $1,155.82 Date: 10/31/2005
Perf: $1,108.27 Date: 9/30/2005
Perf: $1,106.50 Date: 8/31/2005
Perf: $1,089.72 Date: 7/31/2005
Perf: $1,083.87 Date: 6/30/2005
Perf: $1,083.22 Date: 5/31/2005
Perf: $1,047.50 Date: 4/30/2005
Perf: $1,016.10 Date: 3/31/2005
Perf: $1,041.62 Date: 2/28/2005
Perf: $1,047.49 Date: 1/31/2005
Perf: $1,040.31 Date: 12/31/2004
Perf: $1,085.92 Date: 11/30/2004
Perf: $1,082.34 Date: 10/31/2004
Perf: $1,026.80 Date: 9/30/2004
Perf: $992.84 Date: 8/31/2004
Perf: $979.62 Date: 7/31/2004
Perf: $986.42 Date: 6/30/2004
Perf: $997.80 Date: 5/31/2004
Perf: $1,031.85 Date: 4/30/2004
Perf: $1,048.52 Date: 3/31/2004
Perf: $1,118.06 Date: 2/29/2004
Perf: $1,129.13 Date: 1/31/2004
Perf: $1,068.84 Date: 12/31/2003
Perf: $1,058.68 Date: 11/30/2003
Perf: $1,014.74 Date: 10/31/2003
Perf: $1,017.80 Date: 9/30/2003
Perf: $995.40 Date: 8/31/2003
Perf: $1,000.00 Date: 11/30/2018
Perf: $3,747.62 Date: 10/31/2018
Perf: $3,672.69 Date: 9/30/2018
Perf: $3,942.35 Date: 8/31/2018
Perf: $3,920.00 Date: 7/31/2018
Perf: $3,796.25 Date: 6/30/2018
Perf: $3,660.09 Date: 5/31/2018
Perf: $3,637.54 Date: 4/30/2018
Perf: $3,551.94 Date: 3/31/2018
Perf: $3,538.49 Date: 2/28/2018
Perf: $3,630.71 Date: 1/31/2018
Perf: $3,769.82 Date: 12/31/2017
Perf: $3,565.51 Date: 11/30/2017
Perf: $3,526.37 Date: 10/31/2017
Perf: $3,421.34 Date: 9/30/2017
Perf: $3,343.43 Date: 8/31/2017
Perf: $3,275.95 Date: 7/31/2017
Perf: $3,265.83 Date: 6/30/2017
Perf: $3,199.91 Date: 5/31/2017
Perf: $3,180.19 Date: 4/30/2017
Perf: $3,135.97 Date: 3/31/2017
Perf: $3,104.00 Date: 2/28/2017
Perf: $3,100.28 Date: 1/31/2017
Perf: $2,981.90 Date: 12/31/2016
Perf: $2,926.30 Date: 11/30/2016
Perf: $2,869.48 Date: 10/31/2016
Perf: $2,767.10 Date: 9/30/2016
Perf: $2,818.40 Date: 8/31/2016
Perf: $2,817.83 Date: 7/31/2016
Perf: $2,813.89 Date: 6/30/2016
Perf: $2,713.76 Date: 5/31/2016
Perf: $2,706.72 Date: 4/30/2016
Perf: $2,658.86 Date: 3/31/2016
Perf: $2,648.53 Date: 2/29/2016
Perf: $2,480.36 Date: 1/31/2016
Perf: $2,483.59 Date: 12/31/2015
Perf: $2,613.20 Date: 11/30/2015
Perf: $2,655.16 Date: 10/31/2015
Perf: $2,647.21 Date: 9/30/2015
Perf: $2,441.18 Date: 8/31/2015
Perf: $2,503.00 Date: 7/31/2015
Perf: $2,663.62 Date: 6/30/2015
Perf: $2,608.83 Date: 5/31/2015
Perf: $2,660.45 Date: 4/30/2015
Perf: $2,626.56 Date: 3/31/2015
Perf: $2,601.59 Date: 2/28/2015
Perf: $2,643.35 Date: 1/31/2015
Perf: $2,499.63 Date: 12/31/2014
Perf: $2,576.93 Date: 11/30/2014
Perf: $2,583.39 Date: 10/31/2014
Perf: $2,515.72 Date: 9/30/2014
Perf: $2,455.80 Date: 8/31/2014
Perf: $2,490.67 Date: 7/31/2014
Perf: $2,394.87 Date: 6/30/2014
Perf: $2,428.38 Date: 5/31/2014
Perf: $2,379.14 Date: 4/30/2014
Perf: $2,324.51 Date: 3/31/2014
Perf: $2,307.43 Date: 2/28/2014
Perf: $2,288.21 Date: 1/31/2014
Perf: $2,188.21 Date: 12/31/2013
Perf: $2,266.64 Date: 11/30/2013
Perf: $2,210.71 Date: 10/31/2013
Perf: $2,145.28 Date: 9/30/2013
Perf: $2,050.93 Date: 8/31/2013
Perf: $1,988.49 Date: 7/31/2013
Perf: $2,047.88 Date: 6/30/2013
Perf: $1,948.69 Date: 5/31/2013
Perf: $1,975.16 Date: 4/30/2013
Perf: $1,930.00 Date: 3/31/2013
Perf: $1,893.46 Date: 2/28/2013
Perf: $1,825.02 Date: 1/31/2013
Perf: $1,800.53 Date: 12/31/2012
Perf: $1,711.86 Date: 11/30/2012
Perf: $1,696.42 Date: 10/31/2012
Perf: $1,686.64 Date: 9/30/2012
Perf: $1,718.43 Date: 8/31/2012
Perf: $1,675.21 Date: 7/31/2012
Perf: $1,638.34 Date: 6/30/2012
Perf: $1,615.88 Date: 5/31/2012
Perf: $1,551.94 Date: 4/30/2012
Perf: $1,651.18 Date: 3/31/2012
Perf: $1,661.65 Date: 2/29/2012
Perf: $1,608.72 Date: 1/31/2012
Perf: $1,542.10 Date: 12/31/2011
Perf: $1,475.98 Date: 11/30/2011
Perf: $1,461.08 Date: 10/31/2011
Perf: $1,464.30 Date: 9/30/2011
Perf: $1,320.02 Date: 8/31/2011
Perf: $1,419.83 Date: 7/31/2011
Perf: $1,501.36 Date: 6/30/2011
Perf: $1,532.47 Date: 5/31/2011
Perf: $1,558.49 Date: 4/30/2011
Perf: $1,576.30 Date: 3/31/2011
Perf: $1,530.99 Date: 2/28/2011
Perf: $1,530.38 Date: 1/31/2011
Perf: $1,479.62 Date: 12/31/2010
Perf: $1,445.37 Date: 11/30/2010
Perf: $1,354.86 Date: 10/31/2010
Perf: $1,354.73 Date: 9/30/2010
Perf: $1,305.01 Date: 8/31/2010
Perf: $1,198.13 Date: 7/31/2010
Perf: $1,254.72 Date: 6/30/2010
Perf: $1,172.53 Date: 5/31/2010
Perf: $1,237.24 Date: 4/30/2010
Perf: $1,344.67 Date: 3/31/2010
Perf: $1,323.76 Date: 2/28/2010
Perf: $1,248.48 Date: 1/31/2010
Perf: $1,210.94 Date: 12/31/2009
Perf: $1,256.16 Date: 11/30/2009
Perf: $1,232.37 Date: 10/31/2009
Perf: $1,162.62 Date: 9/30/2009
Perf: $1,184.65 Date: 8/31/2009
Perf: $1,142.05 Date: 7/31/2009
Perf: $1,102.26 Date: 6/30/2009
Perf: $1,024.79 Date: 5/31/2009
Perf: $1,022.74 Date: 4/30/2009
Perf: $968.60 Date: 3/31/2009
Perf: $884.00 Date: 2/28/2009
Perf: $812.80 Date: 1/31/2009
Perf: $909.68 Date: 12/31/2008
Perf: $993.42 Date: 11/30/2008
Perf: $983.00 Date: 10/31/2008
Perf: $1,059.04 Date: 9/30/2008
Perf: $1,272.74 Date: 8/31/2008
Perf: $1,397.23 Date: 7/31/2008
Perf: $1,377.26 Date: 6/30/2008
Perf: $1,388.93 Date: 5/31/2008
Perf: $1,516.79 Date: 4/30/2008
Perf: $1,497.33 Date: 3/31/2008
Perf: $1,427.79 Date: 2/29/2008
Perf: $1,433.96 Date: 1/31/2008
Perf: $1,482.13 Date: 12/31/2007
Perf: $1,576.73 Date: 11/30/2007
Perf: $1,587.69 Date: 10/31/2007
Perf: $1,656.95 Date: 9/30/2007
Perf: $1,631.01 Date: 8/31/2007
Perf: $1,572.21 Date: 7/31/2007
Perf: $1,548.98 Date: 6/30/2007
Perf: $1,598.53 Date: 5/31/2007
Perf: $1,625.52 Date: 4/30/2007
Perf: $1,570.70 Date: 3/31/2007
Perf: $1,504.07 Date: 2/28/2007
Perf: $1,487.41 Date: 1/31/2007
Perf: $1,517.15 Date: 12/31/2006
Perf: $1,494.58 Date: 11/30/2006
Perf: $1,473.94 Date: 10/31/2006
Perf: $1,446.46 Date: 9/30/2006
Perf: $1,400.79 Date: 8/31/2006
Perf: $1,365.56 Date: 7/31/2006
Perf: $1,333.82 Date: 6/30/2006
Perf: $1,325.60 Date: 5/31/2006
Perf: $1,323.75 Date: 4/30/2006
Perf: $1,363.00 Date: 3/31/2006
Perf: $1,344.98 Date: 2/28/2006
Perf: $1,328.50 Date: 1/31/2006
Perf: $1,324.93 Date: 12/31/2005
Perf: $1,290.72 Date: 11/30/2005
Perf: $1,290.34 Date: 10/31/2005
Perf: $1,243.34 Date: 9/30/2005
Perf: $1,264.45 Date: 8/31/2005
Perf: $1,254.29 Date: 7/31/2005
Perf: $1,265.81 Date: 6/30/2005
Perf: $1,220.41 Date: 5/31/2005
Perf: $1,218.71 Date: 4/30/2005
Perf: $1,181.15 Date: 3/31/2005
Perf: $1,204.02 Date: 2/28/2005
Perf: $1,225.72 Date: 1/31/2005
Perf: $1,200.51 Date: 12/31/2004
Perf: $1,230.53 Date: 11/30/2004
Perf: $1,190.07 Date: 10/31/2004
Perf: $1,143.75 Date: 9/30/2004
Perf: $1,126.51 Date: 8/31/2004
Perf: $1,114.48 Date: 7/31/2004
Perf: $1,110.04 Date: 6/30/2004
Perf: $1,148.04 Date: 5/31/2004
Perf: $1,126.19 Date: 4/30/2004
Perf: $1,110.97 Date: 3/31/2004
Perf: $1,128.69 Date: 2/29/2004
Perf: $1,145.99 Date: 1/31/2004
Perf: $1,130.28 Date: 12/31/2003
Perf: $1,109.86 Date: 11/30/2003
Perf: $1,054.60 Date: 10/31/2003
Perf: $1,045.40 Date: 9/30/2003
Perf: $989.40 Date: 8/31/2003
Perf: $1,000.00 Date: 11/30/2018
Perf: $2,809.55 Date: 10/31/2018
Perf: $2,795.29 Date: 9/30/2018
Perf: $2,745.32 Date: 8/31/2018
Perf: $2,827.61 Date: 7/31/2018
Perf: $2,825.35 Date: 6/30/2018
Perf: $2,904.64 Date: 5/31/2018
Perf: $2,907.55 Date: 4/30/2018
Perf: $3,041.05 Date: 3/31/2018
Perf: $3,044.40 Date: 2/28/2018
Perf: $3,121.82 Date: 1/31/2018
Perf: $3,232.04 Date: 12/31/2017
Perf: $3,145.84 Date: 11/30/2017
Perf: $3,121.80 Date: 10/31/2017
Perf: $3,116.82 Date: 9/30/2017
Perf: $3,101.62 Date: 8/31/2017
Perf: $3,103.79 Date: 7/31/2017
Perf: $3,203.09 Date: 6/30/2017
Perf: $3,321.67 Date: 5/31/2017
Perf: $3,233.40 Date: 4/30/2017
Perf: $3,258.49 Date: 3/31/2017
Perf: $3,226.55 Date: 2/28/2017
Perf: $3,273.35 Date: 1/31/2017
Perf: $3,305.75 Date: 12/31/2016
Perf: $3,325.04 Date: 11/30/2016
Perf: $3,365.08 Date: 10/31/2016
Perf: $3,438.67 Date: 9/30/2016
Perf: $3,554.18 Date: 8/31/2016
Perf: $3,498.55 Date: 7/31/2016
Perf: $3,514.01 Date: 6/30/2016
Perf: $3,597.47 Date: 5/31/2016
Perf: $3,274.30 Date: 4/30/2016
Perf: $3,275.94 Date: 3/31/2016
Perf: $3,368.58 Date: 2/29/2016
Perf: $3,429.62 Date: 1/31/2016
Perf: $3,263.51 Date: 12/31/2015
Perf: $3,262.53 Date: 11/30/2015
Perf: $3,256.02 Date: 10/31/2015
Perf: $3,167.33 Date: 9/30/2015
Perf: $3,214.59 Date: 8/31/2015
Perf: $3,165.83 Date: 7/31/2015
Perf: $3,308.43 Date: 6/30/2015
Perf: $3,293.61 Date: 5/31/2015
Perf: $3,404.24 Date: 4/30/2015
Perf: $3,348.66 Date: 3/31/2015
Perf: $3,326.04 Date: 2/28/2015
Perf: $3,236.08 Date: 1/31/2015
Perf: $3,200.23 Date: 12/31/2014
Perf: $2,964.83 Date: 11/30/2014
Perf: $2,918.14 Date: 10/31/2014
Perf: $2,838.10 Date: 9/30/2014
Perf: $2,851.50 Date: 8/31/2014
Perf: $2,765.50 Date: 7/31/2014
Perf: $2,659.64 Date: 6/30/2014
Perf: $2,651.95 Date: 5/31/2014
Perf: $2,634.04 Date: 4/30/2014
Perf: $2,614.17 Date: 3/31/2014
Perf: $2,541.24 Date: 2/28/2014
Perf: $2,570.80 Date: 1/31/2014
Perf: $2,473.83 Date: 12/31/2013
Perf: $2,434.15 Date: 11/30/2013
Perf: $2,392.52 Date: 10/31/2013
Perf: $2,371.89 Date: 9/30/2013
Perf: $2,359.85 Date: 8/31/2013
Perf: $2,396.28 Date: 7/31/2013
Perf: $2,413.17 Date: 6/30/2013
Perf: $2,375.87 Date: 5/31/2013
Perf: $2,443.80 Date: 4/30/2013
Perf: $2,498.78 Date: 3/31/2013
Perf: $2,486.35 Date: 2/28/2013
Perf: $2,441.66 Date: 1/31/2013
Perf: $2,463.59 Date: 12/31/2012
Perf: $2,428.86 Date: 11/30/2012
Perf: $2,456.87 Date: 10/31/2012
Perf: $2,419.13 Date: 9/30/2012
Perf: $2,420.58 Date: 8/31/2012
Perf: $2,502.67 Date: 7/31/2012
Perf: $2,535.12 Date: 6/30/2012
Perf: $2,407.75 Date: 5/31/2012
Perf: $2,547.07 Date: 4/30/2012
Perf: $2,515.87 Date: 3/31/2012
Perf: $2,488.75 Date: 2/29/2012
Perf: $2,540.06 Date: 1/31/2012
Perf: $2,598.52 Date: 12/31/2011
Perf: $2,632.22 Date: 11/30/2011
Perf: $2,612.36 Date: 10/31/2011
Perf: $2,559.13 Date: 9/30/2011
Perf: $2,642.64 Date: 8/31/2011
Perf: $2,645.81 Date: 7/31/2011
Perf: $2,634.75 Date: 6/30/2011
Perf: $2,556.02 Date: 5/31/2011
Perf: $2,626.95 Date: 4/30/2011
Perf: $2,714.07 Date: 3/31/2011
Perf: $2,626.35 Date: 2/28/2011
Perf: $2,682.96 Date: 1/31/2011
Perf: $2,643.83 Date: 12/31/2010
Perf: $2,594.79 Date: 11/30/2010
Perf: $2,473.59 Date: 10/31/2010
Perf: $2,525.36 Date: 9/30/2010
Perf: $2,428.69 Date: 8/31/2010
Perf: $2,289.06 Date: 7/31/2010
Perf: $2,268.64 Date: 6/30/2010
Perf: $2,336.16 Date: 5/31/2010
Perf: $2,358.09 Date: 4/30/2010
Perf: $2,512.88 Date: 3/31/2010
Perf: $2,491.70 Date: 2/28/2010
Perf: $2,403.96 Date: 1/31/2010
Perf: $2,386.30 Date: 12/31/2009
Perf: $2,410.40 Date: 11/30/2009
Perf: $2,477.55 Date: 10/31/2009
Perf: $2,369.95 Date: 9/30/2009
Perf: $2,388.10 Date: 8/31/2009
Perf: $2,354.20 Date: 7/31/2009
Perf: $2,254.76 Date: 6/30/2009
Perf: $2,261.32 Date: 5/31/2009
Perf: $2,281.86 Date: 4/30/2009
Perf: $2,334.86 Date: 3/31/2009
Perf: $2,349.66 Date: 2/28/2009
Perf: $2,406.70 Date: 1/31/2009
Perf: $2,397.35 Date: 12/31/2008
Perf: $2,353.11 Date: 11/30/2008
Perf: $2,332.12 Date: 10/31/2008
Perf: $2,285.28 Date: 9/30/2008
Perf: $2,071.50 Date: 8/31/2008
Perf: $2,006.68 Date: 7/31/2008
Perf: $2,039.31 Date: 6/30/2008
Perf: $2,180.61 Date: 5/31/2008
Perf: $2,110.14 Date: 4/30/2008
Perf: $2,105.92 Date: 3/31/2008
Perf: $2,102.56 Date: 2/29/2008
Perf: $2,171.39 Date: 1/31/2008
Perf: $1,829.93 Date: 12/31/2007
Perf: $1,571.56 Date: 11/30/2007
Perf: $1,511.12 Date: 10/31/2007
Perf: $1,516.73 Date: 9/30/2007
Perf: $1,439.84 Date: 8/31/2007
Perf: $1,371.15 Date: 7/31/2007
Perf: $1,442.25 Date: 6/30/2007
Perf: $1,484.41 Date: 5/31/2007
Perf: $1,479.82 Date: 4/30/2007
Perf: $1,498.40 Date: 3/31/2007
Perf: $1,433.88 Date: 2/28/2007
Perf: $1,431.73 Date: 1/31/2007
Perf: $1,445.02 Date: 12/31/2006
Perf: $1,447.34 Date: 11/30/2006
Perf: $1,472.22 Date: 10/31/2006
Perf: $1,453.61 Date: 9/30/2006
Perf: $1,431.57 Date: 8/31/2006
Perf: $1,430.71 Date: 7/31/2006
Perf: $1,467.24 Date: 6/30/2006
Perf: $1,520.77 Date: 5/31/2006
Perf: $1,552.92 Date: 4/30/2006
Perf: $1,530.12 Date: 3/31/2006
Perf: $1,500.41 Date: 2/28/2006
Perf: $1,480.87 Date: 1/31/2006
Perf: $1,466.35 Date: 12/31/2005
Perf: $1,369.40 Date: 11/30/2005
Perf: $1,351.69 Date: 10/31/2005
Perf: $1,266.34 Date: 9/30/2005
Perf: $1,209.61 Date: 8/31/2005
Perf: $1,171.76 Date: 7/31/2005
Perf: $1,207.87 Date: 6/30/2005
Perf: $1,197.46 Date: 5/31/2005
Perf: $1,226.15 Date: 4/30/2005
Perf: $1,229.96 Date: 3/31/2005
Perf: $1,299.35 Date: 2/28/2005
Perf: $1,363.71 Date: 1/31/2005
Perf: $1,376.79 Date: 12/31/2004
Perf: $1,381.49 Date: 11/30/2004
Perf: $1,415.46 Date: 10/31/2004
Perf: $1,293.60 Date: 9/30/2004
Perf: $1,287.68 Date: 8/31/2004
Perf: $1,236.61 Date: 7/31/2004
Perf: $1,303.06 Date: 6/30/2004
Perf: $1,285.58 Date: 5/31/2004
Perf: $1,272.10 Date: 4/30/2004
Perf: $1,316.33 Date: 3/31/2004
Perf: $1,424.59 Date: 2/29/2004
Perf: $1,321.52 Date: 1/31/2004
Perf: $1,231.95 Date: 12/31/2003
Perf: $1,221.21 Date: 11/30/2003
Perf: $1,127.30 Date: 10/31/2003
Perf: $1,094.57 Date: 9/30/2003
Perf: $1,038.20 Date: 8/31/2003
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 08/03 - 11/18
Date: 11/30/2018
Return: 0.51 % Date: 10/31/2018
Return: 1.82 % Date: 9/30/2018
Return: -2.91 % Date: 8/31/2018
Return: 0.08 % Date: 7/31/2018
Return: -2.73 % Date: 6/30/2018
Return: -0.10 % Date: 5/31/2018
Return: -4.39 % Date: 4/30/2018
Return: -0.11 % Date: 3/31/2018
Return: -2.48 % Date: 2/28/2018
Return: -3.41 % Date: 1/31/2018
Return: 2.74 % Date: 12/31/2017
Return: 0.77 % Date: 11/30/2017
Return: 0.16 % Date: 10/31/2017
Return: 0.49 % Date: 9/30/2017
Return: -0.07 % Date: 8/31/2017
Return: -3.10 % Date: 7/31/2017
Return: -3.57 % Date: 6/30/2017
Return: 2.73 % Date: 5/31/2017
Return: -0.77 % Date: 4/30/2017
Return: 0.99 % Date: 3/31/2017
Return: -1.43 % Date: 2/28/2017
Return: -0.98 % Date: 1/31/2017
Return: -0.58 % Date: 12/31/2016
Return: -1.19 % Date: 11/30/2016
Return: -2.14 % Date: 10/31/2016
Return: -3.25 % Date: 9/30/2016
Return: 1.59 % Date: 8/31/2016
Return: -0.44 % Date: 7/31/2016
Return: -2.32 % Date: 6/30/2016
Return: 9.87 % Date: 5/31/2016
Return: -0.05 % Date: 4/30/2016
Return: -2.75 % Date: 3/31/2016
Return: -1.78 % Date: 2/29/2016
Return: 5.09 % Date: 1/31/2016
Return: 0.03 % Date: 12/31/2015
Return: 0.20 % Date: 11/30/2015
Return: 2.80 % Date: 10/31/2015
Return: -1.47 % Date: 9/30/2015
Return: 1.54 % Date: 8/31/2015
Return: -4.31 % Date: 7/31/2015
Return: 0.45 % Date: 6/30/2015
Return: -3.25 % Date: 5/31/2015
Return: 1.66 % Date: 4/30/2015
Return: 0.68 % Date: 3/31/2015
Return: 2.78 % Date: 2/28/2015
Return: 1.12 % Date: 1/31/2015
Return: 7.94 % Date: 12/31/2014
Return: 1.60 % Date: 11/30/2014
Return: 2.82 % Date: 10/31/2014
Return: -0.47 % Date: 9/30/2014
Return: 3.11 % Date: 8/31/2014
Return: 3.98 % Date: 7/31/2014
Return: 0.29 % Date: 6/30/2014
Return: 0.68 % Date: 5/31/2014
Return: 0.76 % Date: 4/30/2014
Return: 2.87 % Date: 3/31/2014
Return: -1.15 % Date: 2/28/2014
Return: 3.92 % Date: 1/31/2014
Return: 1.63 % Date: 12/31/2013
Return: 1.74 % Date: 11/30/2013
Return: 0.87 % Date: 10/31/2013
Return: 0.51 % Date: 9/30/2013
Return: -1.52 % Date: 8/31/2013
Return: -0.70 % Date: 7/31/2013
Return: 1.57 % Date: 6/30/2013
Return: -2.78 % Date: 5/31/2013
Return: -2.20 % Date: 4/30/2013
Return: 0.50 % Date: 3/31/2013
Return: 1.83 % Date: 2/28/2013
Return: -0.89 % Date: 1/31/2013
Return: 1.43 % Date: 12/31/2012
Return: -1.14 % Date: 11/30/2012
Return: 1.56 % Date: 10/31/2012
Return: -0.06 % Date: 9/30/2012
Return: -3.28 % Date: 8/31/2012
Return: -1.28 % Date: 7/31/2012
Return: 5.29 % Date: 6/30/2012
Return: -5.47 % Date: 5/31/2012
Return: 1.24 % Date: 4/30/2012
Return: 1.09 % Date: 3/31/2012
Return: -2.02 % Date: 2/29/2012
Return: -2.25 % Date: 1/31/2012
Return: -1.28 % Date: 12/31/2011
Return: 0.76 % Date: 11/30/2011
Return: 2.08 % Date: 10/31/2011
Return: -3.16 % Date: 9/30/2011
Return: -0.12 % Date: 8/31/2011
Return: 0.42 % Date: 7/31/2011
Return: 3.08 % Date: 6/30/2011
Return: -2.70 % Date: 5/31/2011
Return: -3.21 % Date: 4/30/2011
Return: 3.34 % Date: 3/31/2011
Return: -2.11 % Date: 2/28/2011
Return: 1.48 % Date: 1/31/2011
Return: 1.89 % Date: 12/31/2010
Return: 4.90 % Date: 11/30/2010
Return: -2.05 % Date: 10/31/2010
Return: 3.98 % Date: 9/30/2010
Return: 6.10 % Date: 8/31/2010
Return: 0.90 % Date: 7/31/2010
Return: -2.89 % Date: 6/30/2010
Return: -0.93 % Date: 5/31/2010
Return: -6.16 % Date: 4/30/2010
Return: 0.85 % Date: 3/31/2010
Return: 3.65 % Date: 2/28/2010
Return: 0.74 % Date: 1/31/2010
Return: -1.00 % Date: 12/31/2009
Return: -2.71 % Date: 11/30/2009
Return: 4.54 % Date: 10/31/2009
Return: -0.76 % Date: 9/30/2009
Return: 1.44 % Date: 8/31/2009
Return: 4.41 % Date: 7/31/2009
Return: -0.29 % Date: 6/30/2009
Return: -0.90 % Date: 5/31/2009
Return: -2.27 % Date: 4/30/2009
Return: -0.63 % Date: 3/31/2009
Return: -2.37 % Date: 2/28/2009
Return: 0.39 % Date: 1/31/2009
Return: 1.88 % Date: 12/31/2008
Return: 0.90 % Date: 11/30/2008
Return: 2.05 % Date: 10/31/2008
Return: 10.32 % Date: 9/30/2008
Return: 3.23 % Date: 8/31/2008
Return: -1.60 % Date: 7/31/2008
Return: -6.48 % Date: 6/30/2008
Return: 3.34 % Date: 5/31/2008
Return: 0.20 % Date: 4/30/2008
Return: 0.16 % Date: 3/31/2008
Return: -3.17 % Date: 2/29/2008
Return: 18.66 % Date: 1/31/2008
Return: 16.44 % Date: 12/31/2007
Return: 4.00 % Date: 11/30/2007
Return: -0.37 % Date: 10/31/2007
Return: 5.34 % Date: 9/30/2007
Return: 5.01 % Date: 8/31/2007
Return: -4.93 % Date: 7/31/2007
Return: -2.84 % Date: 6/30/2007
Return: 0.31 % Date: 5/31/2007
Return: -1.24 % Date: 4/30/2007
Return: 4.50 % Date: 3/31/2007
Return: 0.15 % Date: 2/28/2007
Return: -0.92 % Date: 1/31/2007
Return: -0.16 % Date: 12/31/2006
Return: -1.69 % Date: 11/30/2006
Return: 1.28 % Date: 10/31/2006
Return: 1.54 % Date: 9/30/2006
Return: 0.06 % Date: 8/31/2006
Return: -2.49 % Date: 7/31/2006
Return: -3.52 % Date: 6/30/2006
Return: -2.07 % Date: 5/31/2006
Return: 1.49 % Date: 4/30/2006
Return: 1.98 % Date: 3/31/2006
Return: 1.32 % Date: 2/28/2006
Return: 0.99 % Date: 1/31/2006
Return: 7.08 % Date: 12/31/2005
Return: 1.31 % Date: 11/30/2005
Return: 6.74 % Date: 10/31/2005
Return: 4.69 % Date: 9/30/2005
Return: 3.23 % Date: 8/31/2005
Return: -2.99 % Date: 7/31/2005
Return: 0.87 % Date: 6/30/2005
Return: -2.34 % Date: 5/31/2005
Return: -0.31 % Date: 4/30/2005
Return: -5.34 % Date: 3/31/2005
Return: -4.72 % Date: 2/28/2005
Return: -0.95 % Date: 1/31/2005
Return: -0.34 % Date: 12/31/2004
Return: -2.40 % Date: 11/30/2004
Return: 9.42 % Date: 10/31/2004
Return: 0.46 % Date: 9/30/2004
Return: 4.13 % Date: 8/31/2004
Return: -5.10 % Date: 7/31/2004
Return: 1.36 % Date: 6/30/2004
Return: 1.06 % Date: 5/31/2004
Return: -3.36 % Date: 4/30/2004
Return: -7.60 % Date: 3/31/2004
Return: 7.80 % Date: 2/29/2004
Return: 7.27 % Date: 1/31/2004
Return: 0.88 % Date: 12/31/2003
Return: 8.33 % Date: 11/30/2003
Return: 2.99 % Date: 10/31/2003
Return: 5.43 % Date: 9/30/2003
Return: 3.82 % Date: 8/31/2003
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 08/03 - 11/18
Return: 6.00 %
Count: 1 Return: 10.00 %
Count: 2 Return: -6.00 %
Count: 2 Return: 19.00 %
Count: 1 Return: 16.00 %
Count: 1 Return: -4.00 %
Count: 4 Return: 2.00 %
Count: 16 Return: -1.00 %
Count: 20 Return: -2.00 %
Count: 18 Return: 9.00 %
Count: 1 Return: -5.00 %
Count: 5 Return: -3.00 %
Count: 18 Return: -8.00 %
Count: 1 Return: 7.00 %
Count: 3 Return: 1.00 %
Count: 28 Return: 8.00 %
Count: 3 Return: 3.00 %
Count: 13 Return: 5.00 %
Count: 8 Return: 4.00 %
Count: 9 Return: 0.00 %
Count: 30
Note: All performance data is since program inception.

Underwater Curve

Date Range: 08/03 - 11/18
Date: 11/30/2018
Drawdown: -21.90 % Date: 10/31/2018
Drawdown: -22.30 % Date: 9/30/2018
Drawdown: -23.69 % Date: 8/31/2018
Drawdown: -21.40 % Date: 7/31/2018
Drawdown: -21.46 % Date: 6/30/2018
Drawdown: -19.26 % Date: 5/31/2018
Drawdown: -19.18 % Date: 4/30/2018
Drawdown: -15.47 % Date: 3/31/2018
Drawdown: -15.37 % Date: 2/28/2018
Drawdown: -13.22 % Date: 1/31/2018
Drawdown: -10.16 % Date: 12/31/2017
Drawdown: -12.55 % Date: 11/30/2017
Drawdown: -13.22 % Date: 10/31/2017
Drawdown: -13.36 % Date: 9/30/2017
Drawdown: -13.78 % Date: 8/31/2017
Drawdown: -13.72 % Date: 7/31/2017
Drawdown: -10.96 % Date: 6/30/2017
Drawdown: -7.67 % Date: 5/31/2017
Drawdown: -10.12 % Date: 4/30/2017
Drawdown: -9.42 % Date: 3/31/2017
Drawdown: -10.31 % Date: 2/28/2017
Drawdown: -9.01 % Date: 1/31/2017
Drawdown: -8.11 % Date: 12/31/2016
Drawdown: -7.57 % Date: 11/30/2016
Drawdown: -6.46 % Date: 10/31/2016
Drawdown: -4.41 % Date: 9/30/2016
Drawdown: -1.20 % Date: 8/31/2016
Drawdown: -2.75 % Date: 7/31/2016
Drawdown: -2.32 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: -4.53 % Date: 4/30/2016
Drawdown: -4.48 % Date: 3/31/2016
Drawdown: -1.78 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -4.13 % Date: 12/31/2015
Drawdown: -4.16 % Date: 11/30/2015
Drawdown: -4.35 % Date: 10/31/2015
Drawdown: -6.96 % Date: 9/30/2015
Drawdown: -5.57 % Date: 8/31/2015
Drawdown: -7.00 % Date: 7/31/2015
Drawdown: -2.81 % Date: 6/30/2015
Drawdown: -3.25 % Date: 5/31/2015
Drawdown: 0.00 % Date: 4/30/2015
Drawdown: 0.00 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % 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: -0.47 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -2.01 % Date: 6/30/2014
Drawdown: -2.29 % Date: 5/31/2014
Drawdown: -2.95 % Date: 4/30/2014
Drawdown: -3.68 % Date: 3/31/2014
Drawdown: -6.37 % Date: 2/28/2014
Drawdown: -5.28 % Date: 1/31/2014
Drawdown: -8.85 % Date: 12/31/2013
Drawdown: -10.31 % Date: 11/30/2013
Drawdown: -11.85 % Date: 10/31/2013
Drawdown: -12.61 % Date: 9/30/2013
Drawdown: -13.05 % Date: 8/31/2013
Drawdown: -11.71 % Date: 7/31/2013
Drawdown: -11.09 % Date: 6/30/2013
Drawdown: -12.46 % Date: 5/31/2013
Drawdown: -9.96 % Date: 4/30/2013
Drawdown: -7.93 % Date: 3/31/2013
Drawdown: -8.39 % Date: 2/28/2013
Drawdown: -10.04 % Date: 1/31/2013
Drawdown: -9.23 % Date: 12/31/2012
Drawdown: -10.51 % Date: 11/30/2012
Drawdown: -9.48 % Date: 10/31/2012
Drawdown: -10.87 % Date: 9/30/2012
Drawdown: -10.81 % Date: 8/31/2012
Drawdown: -7.79 % Date: 7/31/2012
Drawdown: -6.59 % Date: 6/30/2012
Drawdown: -11.29 % Date: 5/31/2012
Drawdown: -6.15 % Date: 4/30/2012
Drawdown: -7.30 % Date: 3/31/2012
Drawdown: -8.30 % Date: 2/29/2012
Drawdown: -6.41 % Date: 1/31/2012
Drawdown: -4.26 % Date: 12/31/2011
Drawdown: -3.02 % Date: 11/30/2011
Drawdown: -3.75 % Date: 10/31/2011
Drawdown: -5.71 % Date: 9/30/2011
Drawdown: -2.63 % Date: 8/31/2011
Drawdown: -2.51 % Date: 7/31/2011
Drawdown: -2.92 % Date: 6/30/2011
Drawdown: -5.82 % Date: 5/31/2011
Drawdown: -3.21 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -2.11 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -2.05 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -3.35 % Date: 8/31/2010
Drawdown: -8.91 % Date: 7/31/2010
Drawdown: -9.72 % Date: 6/30/2010
Drawdown: -7.03 % Date: 5/31/2010
Drawdown: -6.16 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: 0.00 % Date: 2/28/2010
Drawdown: -2.97 % Date: 1/31/2010
Drawdown: -3.68 % Date: 12/31/2009
Drawdown: -2.71 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: -1.53 % Date: 9/30/2009
Drawdown: -0.77 % Date: 8/31/2009
Drawdown: -2.18 % Date: 7/31/2009
Drawdown: -6.31 % Date: 6/30/2009
Drawdown: -6.04 % Date: 5/31/2009
Drawdown: -5.19 % Date: 4/30/2009
Drawdown: -2.99 % Date: 3/31/2009
Drawdown: -2.37 % Date: 2/28/2009
Drawdown: 0.00 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: 0.00 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: -5.00 % Date: 8/31/2008
Drawdown: -7.98 % Date: 7/31/2008
Drawdown: -6.48 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -2.82 % Date: 4/30/2008
Drawdown: -3.02 % Date: 3/31/2008
Drawdown: -3.17 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: -2.69 % Date: 10/31/2007
Drawdown: -2.33 % Date: 9/30/2007
Drawdown: -7.28 % Date: 8/31/2007
Drawdown: -11.71 % Date: 7/31/2007
Drawdown: -7.13 % Date: 6/30/2007
Drawdown: -4.41 % Date: 5/31/2007
Drawdown: -4.71 % Date: 4/30/2007
Drawdown: -3.51 % Date: 3/31/2007
Drawdown: -7.67 % Date: 2/28/2007
Drawdown: -7.80 % Date: 1/31/2007
Drawdown: -6.95 % Date: 12/31/2006
Drawdown: -6.80 % Date: 11/30/2006
Drawdown: -5.20 % Date: 10/31/2006
Drawdown: -6.39 % Date: 9/30/2006
Drawdown: -7.81 % Date: 8/31/2006
Drawdown: -7.87 % Date: 7/31/2006
Drawdown: -5.52 % Date: 6/30/2006
Drawdown: -2.07 % Date: 5/31/2006
Drawdown: 0.00 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: 0.00 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: -3.87 % Date: 11/30/2005
Drawdown: -5.12 % Date: 10/31/2005
Drawdown: -11.11 % Date: 9/30/2005
Drawdown: -15.09 % Date: 8/31/2005
Drawdown: -17.75 % Date: 7/31/2005
Drawdown: -15.21 % Date: 6/30/2005
Drawdown: -15.94 % Date: 5/31/2005
Drawdown: -13.93 % Date: 4/30/2005
Drawdown: -13.66 % Date: 3/31/2005
Drawdown: -8.79 % Date: 2/28/2005
Drawdown: -4.27 % Date: 1/31/2005
Drawdown: -3.36 % Date: 12/31/2004
Drawdown: -3.03 % Date: 11/30/2004
Drawdown: -0.64 % Date: 10/31/2004
Drawdown: -9.19 % Date: 9/30/2004
Drawdown: -9.61 % Date: 8/31/2004
Drawdown: -13.20 % Date: 7/31/2004
Drawdown: -8.53 % Date: 6/30/2004
Drawdown: -9.76 % Date: 5/31/2004
Drawdown: -10.70 % Date: 4/30/2004
Drawdown: -7.60 % Date: 3/31/2004
Drawdown: 0.00 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: 0.00 % Date: 12/31/2003
Drawdown: 0.00 % Date: 11/30/2003
Drawdown: 0.00 % Date: 10/31/2003
Drawdown: 0.00 % Date: 9/30/2003
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Red Rock Capital, LLC
Address: 5000 Birch Street, Suite 3000
City: Newport Beach
State: CA
Zip: 92660
Country: USA

Key People

Name:  Thomas N. Rollinger
Position:  Chief Investment Officer
Biography: 

Mr. Rollinger graduated with a Bachelor of Science degree in Finance with an Economics minor from Western Michigan University in 1993.Effective March 27, 2013, Mr. Rollinger is registered with the CFTC as an Associated Person and a listed principal of the firm. Effective April 25, 2013 Mr. Rollinger is an Associated Member of the NFA.


Name:  Scott Hoffman
Position:  Principal
Biography: 

Mr. Hoffman graduated Cum Laude with a Bachelor of Science degree in Electrical Engineering from Brigham Young University in April 1987. Effective March 18, 2013, Mr. Hoffman is a listed principal of the firm. Effective March 27, 2013, Mr. Hoffman is registered with the CFTC as an Associated Person. Effective April 25, 2013, Mr. Hoffman is an Associated Member of the NFA.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Investment Methodology
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Quantitative Analysis Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $500,000 
 Margin / Equity Ratio: 8% 
 Managed Account Availability: Open