Winton Capital Management Ltd

Winton Futures Program


Monthly Performance (%)

Date Range: 09/97 - 06/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -1.35 0.75 1.55 2.23 -2.13 -0.28   0.70 
2018 3.85 -5.60 -0.28 1.72 -0.72 1.97 0.14 1.05 -0.21 -1.99 2.59 -3.03  -0.88 
2017 -1.12 2.27 0.01 -0.71 0.19 -1.86 -0.10 2.56 -1.70 3.89 0.33 3.22  6.99 
2016 3.76 1.72 -2.82 -1.53 -1.64 5.21 0.73 -1.72 -0.30 -2.64 -1.23 1.50  0.69 
2015 2.79 0.02 1.91 -3.29 -0.02 -3.22 3.87 -4.68 3.54 -1.53 3.44 -1.58  0.76 
2014 -2.17 2.41 -0.36 1.70 1.90 0.24 -2.34 3.96 -0.72 3.38 4.99 0.53  14.05 
2013 1.80 -0.35 1.68 2.98 -1.96 -2.18 -1.30 -2.92 3.26 2.66 2.52 0.52  6.63 
2012 0.66 -0.80 -0.66 0.02 0.06 -3.39 3.17 -1.01 -1.83 -2.53 1.18 1.52  -3.73 
2011 0.11 1.62 0.20 3.06 -2.22 -2.55 4.64 1.55 0.20 -2.35 0.94 1.54  6.68 
2010 -2.51 2.29 4.64 1.58 -0.85 1.46 -2.83 4.92 0.84 2.62 -2.23 3.89  14.27 
2009 0.92 -0.32 -1.78 -3.08 -2.08 -1.31 -1.55 0.31 2.73 -1.54 5.01 -2.53  -5.38 
2008 3.92 8.21 -0.92 -0.97 1.95 5.22 -4.66 -3.09 -0.38 3.65 4.48 1.93  20.25 
2007 4.03 -6.39 -4.13 6.13 5.04 1.83 -1.38 -0.96 6.83 2.38 2.45 0.12  16.13 
2006 3.93 -2.74 3.88 5.68 -3.21 -1.34 -0.62 4.58 -1.43 1.43 3.10 2.03  15.83 
2005 -5.16 5.72 4.70 -4.03 6.49 2.85 -2.15 7.66 -6.50 -3.02 7.05 -4.59  7.65 
2004 2.65 11.93 -0.50 -8.27 -0.16 -3.12 0.88 2.64 4.78 3.37 6.38 -0.58  20.31 
2003 5.30 11.95 -11.14 2.07 10.18 -5.85 -1.15 0.69 0.71 5.46 -2.68 10.00  25.52 
2002 -10.81 -6.14 11.44 -4.66 -3.80 7.32 4.79 5.48 7.42 -7.76 -1.09 13.46  12.86 
2001 4.58 0.57 7.48 -5.23 -3.32 -2.95 0.72 0.02 4.48 12.45 -7.56 -4.02  5.56 
2000 -3.66 1.75 -3.13 1.53 -0.50 -1.28 -4.33 2.82 -7.54 2.50 7.10 16.04  9.72 
1999 -1.51 3.55 -4.24 10.09 -8.58 5.31 -1.93 -3.64 -0.16 -6.13 13.12 9.20  13.24 
1998 1.50 3.27 8.02 -1.48 8.53 3.23 1.35 11.06 4.52 -5.65 1.18 9.19  53.26 
1997 -12.97 9.96 8.34  3.68 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

WFP invests globally long and short, using leverage, in a diversified range of liquid instruments, including exchange traded futures, forwards, currency forwards traded over the counter and other related instruments by following a systematic investment process that is based on statistical research.

Performance Statistics

Date Range: 09/97 - 06/19
  Program S&P 500 Altegris 40 
Total Return 804.85% 393.89% 176.59% 
Annualized Return 10.66% 7.59% 4.77% 
Annualized Std. Deviation 15.20% 14.91% 9.88% 
Correlation -0.01 0.77 
Sharpe Ratio (rf=2.5%) 0.54 0.34 0.23 
Worst Month -12.97% -16.79% -7.77% 
Date of Worst Month 10/1997 10/2008 11/2001 
Worst Drawdown -25.73% -50.95% -15.74% 
Date of Worst Drawdown 10/01 - 2/02 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 09/97 - 06/19

Year or YTD Program S&P 500 Altegris 40 
2019 0.70 18.54 5.17 
2018 -0.88 -4.38 -4.29 
2017 6.99 21.84 1.24 
2016 0.69 11.98 -3.13 
2015 0.76 1.41 0.09 
2014 14.05 13.69 15.75 
2013 6.63 32.41 -2.45 
2012 -3.73 15.98 -4.75 
2011 6.68 2.12 -3.23 
2010 14.27 15.06 11.33 
2009 -5.38 26.45 -7.98 
2008 20.25 -36.99 15.47 
2007 16.13 5.50 7.18 
2006 15.83 15.79 6.70 
2005 7.65 4.89 4.51 
2004 20.31 10.87 2.57 
2003 25.52 28.69 15.99 
2002 12.86 -22.10 15.22 
2001 5.56 -11.88 5.39 
2000 9.72 -9.09 10.63 
1999 13.24 21.04 0.87 
1998 53.26 28.58 12.61 
1997 3.68 2.87 3.47 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 09/97 - 06/19
Date: 6/30/2019
Perf: $2,731.51 Date: 5/31/2019
Perf: $2,677.95 Date: 4/30/2019
Perf: $2,731.48 Date: 3/31/2019
Perf: $2,658.38 Date: 2/28/2019
Perf: $2,566.25 Date: 1/31/2019
Perf: $2,549.93 Date: 12/31/2018
Perf: $2,597.20 Date: 11/30/2018
Perf: $2,586.34 Date: 10/31/2018
Perf: $2,617.75 Date: 9/30/2018
Perf: $2,684.05 Date: 8/31/2018
Perf: $2,696.18 Date: 7/31/2018
Perf: $2,629.14 Date: 6/30/2018
Perf: $2,649.00 Date: 5/31/2018
Perf: $2,626.94 Date: 4/30/2018
Perf: $2,661.27 Date: 3/31/2018
Perf: $2,632.83 Date: 2/28/2018
Perf: $2,635.20 Date: 1/31/2018
Perf: $2,806.39 Date: 12/31/2017
Perf: $2,713.59 Date: 11/30/2017
Perf: $2,684.33 Date: 10/31/2017
Perf: $2,680.85 Date: 9/30/2017
Perf: $2,573.04 Date: 8/31/2017
Perf: $2,628.50 Date: 7/31/2017
Perf: $2,585.58 Date: 6/30/2017
Perf: $2,575.53 Date: 5/31/2017
Perf: $2,653.00 Date: 4/30/2017
Perf: $2,647.97 Date: 3/31/2017
Perf: $2,663.95 Date: 2/28/2017
Perf: $2,703.42 Date: 1/31/2017
Perf: $2,645.74 Date: 12/31/2016
Perf: $2,680.32 Date: 11/30/2016
Perf: $2,660.10 Date: 10/31/2016
Perf: $2,689.69 Date: 9/30/2016
Perf: $2,760.92 Date: 8/31/2016
Perf: $2,797.00 Date: 7/31/2016
Perf: $2,874.32 Date: 6/30/2016
Perf: $2,845.30 Date: 5/31/2016
Perf: $2,729.31 Date: 4/30/2016
Perf: $2,777.92 Date: 3/31/2016
Perf: $2,849.44 Date: 2/29/2016
Perf: $2,933.64 Date: 1/31/2016
Perf: $2,863.20 Date: 12/31/2015
Perf: $2,766.91 Date: 11/30/2015
Perf: $2,832.05 Date: 10/31/2015
Perf: $2,738.66 Date: 9/30/2015
Perf: $2,787.16 Date: 8/31/2015
Perf: $2,727.96 Date: 7/31/2015
Perf: $2,775.98 Date: 6/30/2015
Perf: $2,671.53 Date: 5/31/2015
Perf: $2,818.07 Date: 4/30/2015
Perf: $2,838.50 Date: 3/31/2015
Perf: $2,952.47 Date: 2/28/2015
Perf: $2,888.63 Date: 1/31/2015
Perf: $2,893.26 Date: 12/31/2014
Perf: $2,764.44 Date: 11/30/2014
Perf: $2,716.63 Date: 10/31/2014
Perf: $2,564.06 Date: 9/30/2014
Perf: $2,526.92 Date: 8/31/2014
Perf: $2,489.82 Date: 7/31/2014
Perf: $2,388.77 Date: 6/30/2014
Perf: $2,408.04 Date: 5/31/2014
Perf: $2,387.51 Date: 4/30/2014
Perf: $2,327.91 Date: 3/31/2014
Perf: $2,310.35 Date: 2/28/2014
Perf: $2,345.06 Date: 1/31/2014
Perf: $2,325.99 Date: 12/31/2013
Perf: $2,388.32 Date: 11/30/2013
Perf: $2,391.67 Date: 10/31/2013
Perf: $2,349.15 Date: 9/30/2013
Perf: $2,296.56 Date: 8/31/2013
Perf: $2,310.42 Date: 7/31/2013
Perf: $2,355.65 Date: 6/30/2013
Perf: $2,376.32 Date: 5/31/2013
Perf: $2,469.94 Date: 4/30/2013
Perf: $2,580.91 Date: 3/31/2013
Perf: $2,516.00 Date: 2/28/2013
Perf: $2,480.29 Date: 1/31/2013
Perf: $2,494.75 Date: 12/31/2012
Perf: $2,448.24 Date: 11/30/2012
Perf: $2,436.30 Date: 10/31/2012
Perf: $2,429.50 Date: 9/30/2012
Perf: $2,520.75 Date: 8/31/2012
Perf: $2,563.04 Date: 7/31/2012
Perf: $2,598.38 Date: 6/30/2012
Perf: $2,496.28 Date: 5/31/2012
Perf: $2,593.81 Date: 4/30/2012
Perf: $2,545.44 Date: 3/31/2012
Perf: $2,530.26 Date: 2/29/2012
Perf: $2,589.03 Date: 1/31/2012
Perf: $2,578.46 Date: 12/31/2011
Perf: $2,570.24 Date: 11/30/2011
Perf: $2,545.80 Date: 10/31/2011
Perf: $2,538.18 Date: 9/30/2011
Perf: $2,642.84 Date: 8/31/2011
Perf: $2,644.42 Date: 7/31/2011
Perf: $2,649.72 Date: 6/30/2011
Perf: $2,557.90 Date: 5/31/2011
Perf: $2,626.18 Date: 4/30/2011
Perf: $2,725.66 Date: 3/31/2011
Perf: $2,623.35 Date: 2/28/2011
Perf: $2,664.11 Date: 1/31/2011
Perf: $2,619.58 Date: 12/31/2010
Perf: $2,655.97 Date: 11/30/2010
Perf: $2,546.71 Date: 10/31/2010
Perf: $2,640.18 Date: 9/30/2010
Perf: $2,541.56 Date: 8/31/2010
Perf: $2,496.13 Date: 7/31/2010
Perf: $2,396.90 Date: 6/30/2010
Perf: $2,428.23 Date: 5/31/2010
Perf: $2,419.03 Date: 4/30/2010
Perf: $2,479.03 Date: 3/31/2010
Perf: $2,441.43 Date: 2/28/2010
Perf: $2,348.20 Date: 1/31/2010
Perf: $2,326.34 Date: 12/31/2009
Perf: $2,385.74 Date: 11/30/2009
Perf: $2,485.15 Date: 10/31/2009
Perf: $2,388.88 Date: 9/30/2009
Perf: $2,451.64 Date: 8/31/2009
Perf: $2,394.64 Date: 7/31/2009
Perf: $2,386.77 Date: 6/30/2009
Perf: $2,389.40 Date: 5/31/2009
Perf: $2,454.69 Date: 4/30/2009
Perf: $2,421.28 Date: 3/31/2009
Perf: $2,503.13 Date: 2/28/2009
Perf: $2,574.44 Date: 1/31/2009
Perf: $2,575.73 Date: 12/31/2008
Perf: $2,592.58 Date: 11/30/2008
Perf: $2,527.62 Date: 10/31/2008
Perf: $2,438.14 Date: 9/30/2008
Perf: $2,318.73 Date: 8/31/2008
Perf: $2,313.87 Date: 7/31/2008
Perf: $2,377.34 Date: 6/30/2008
Perf: $2,491.71 Date: 5/31/2008
Perf: $2,426.91 Date: 4/30/2008
Perf: $2,377.93 Date: 3/31/2008
Perf: $2,405.59 Date: 2/29/2008
Perf: $2,416.23 Date: 1/31/2008
Perf: $2,286.14 Date: 12/31/2007
Perf: $2,245.28 Date: 11/30/2007
Perf: $2,250.46 Date: 10/31/2007
Perf: $2,265.18 Date: 9/30/2007
Perf: $2,171.58 Date: 8/31/2007
Perf: $2,074.70 Date: 7/31/2007
Perf: $2,155.08 Date: 6/30/2007
Perf: $2,223.80 Date: 5/31/2007
Perf: $2,161.33 Date: 4/30/2007
Perf: $2,086.83 Date: 3/31/2007
Perf: $2,002.72 Date: 2/28/2007
Perf: $2,050.71 Date: 1/31/2007
Perf: $2,130.60 Date: 12/31/2006
Perf: $2,094.78 Date: 11/30/2006
Perf: $2,026.29 Date: 10/31/2006
Perf: $1,977.84 Date: 9/30/2006
Perf: $1,956.32 Date: 8/31/2006
Perf: $1,977.28 Date: 7/31/2006
Perf: $1,955.38 Date: 6/30/2006
Perf: $1,984.75 Date: 5/31/2006
Perf: $2,012.32 Date: 4/30/2006
Perf: $2,067.10 Date: 3/31/2006
Perf: $2,017.86 Date: 2/28/2006
Perf: $1,965.19 Date: 1/31/2006
Perf: $2,000.81 Date: 12/31/2005
Perf: $1,963.31 Date: 11/30/2005
Perf: $1,999.50 Date: 10/31/2005
Perf: $1,917.25 Date: 9/30/2005
Perf: $1,914.19 Date: 8/31/2005
Perf: $1,885.16 Date: 7/31/2005
Perf: $1,875.03 Date: 6/30/2005
Perf: $1,873.91 Date: 5/31/2005
Perf: $1,812.11 Date: 4/30/2005
Perf: $1,757.80 Date: 3/31/2005
Perf: $1,801.95 Date: 2/28/2005
Perf: $1,812.09 Date: 1/31/2005
Perf: $1,799.68 Date: 12/31/2004
Perf: $1,878.58 Date: 11/30/2004
Perf: $1,872.40 Date: 10/31/2004
Perf: $1,776.30 Date: 9/30/2004
Perf: $1,717.56 Date: 8/31/2004
Perf: $1,694.68 Date: 7/31/2004
Perf: $1,706.45 Date: 6/30/2004
Perf: $1,726.13 Date: 5/31/2004
Perf: $1,785.04 Date: 4/30/2004
Perf: $1,813.88 Date: 3/31/2004
Perf: $1,934.19 Date: 2/29/2004
Perf: $1,953.33 Date: 1/31/2004
Perf: $1,849.04 Date: 12/31/2003
Perf: $1,831.46 Date: 11/30/2003
Perf: $1,755.45 Date: 10/31/2003
Perf: $1,760.73 Date: 9/30/2003
Perf: $1,721.99 Date: 8/31/2003
Perf: $1,729.94 Date: 7/31/2003
Perf: $1,713.83 Date: 6/30/2003
Perf: $1,753.46 Date: 5/31/2003
Perf: $1,798.61 Date: 4/30/2003
Perf: $1,698.88 Date: 3/31/2003
Perf: $1,674.27 Date: 2/28/2003
Perf: $1,775.85 Date: 1/31/2003
Perf: $1,675.80 Date: 12/31/2002
Perf: $1,579.01 Date: 11/30/2002
Perf: $1,488.37 Date: 10/31/2002
Perf: $1,530.61 Date: 9/30/2002
Perf: $1,614.23 Date: 8/31/2002
Perf: $1,543.10 Date: 7/31/2002
Perf: $1,506.78 Date: 6/30/2002
Perf: $1,430.40 Date: 5/31/2002
Perf: $1,314.22 Date: 4/30/2002
Perf: $1,281.04 Date: 3/31/2002
Perf: $1,312.01 Date: 2/28/2002
Perf: $1,315.82 Date: 1/31/2002
Perf: $1,354.00 Date: 12/31/2001
Perf: $1,370.45 Date: 11/30/2001
Perf: $1,342.13 Date: 10/31/2001
Perf: $1,455.20 Date: 9/30/2001
Perf: $1,394.94 Date: 8/31/2001
Perf: $1,353.26 Date: 7/31/2001
Perf: $1,313.97 Date: 6/30/2001
Perf: $1,311.09 Date: 5/31/2001
Perf: $1,325.67 Date: 4/30/2001
Perf: $1,325.27 Date: 3/31/2001
Perf: $1,412.27 Date: 2/28/2001
Perf: $1,326.32 Date: 1/31/2001
Perf: $1,313.84 Date: 12/31/2000
Perf: $1,300.32 Date: 11/30/2000
Perf: $1,201.44 Date: 10/31/2000
Perf: $1,130.66 Date: 9/30/2000
Perf: $1,107.51 Date: 8/31/2000
Perf: $1,127.12 Date: 7/31/2000
Perf: $1,104.37 Date: 6/30/2000
Perf: $1,124.16 Date: 5/31/2000
Perf: $1,141.86 Date: 4/30/2000
Perf: $1,126.43 Date: 3/31/2000
Perf: $1,143.70 Date: 2/29/2000
Perf: $1,172.78 Date: 1/31/2000
Perf: $1,186.06 Date: 12/31/1999
Perf: $1,175.37 Date: 11/30/1999
Perf: $1,160.40 Date: 10/31/1999
Perf: $1,138.32 Date: 9/30/1999
Perf: $1,190.96 Date: 8/31/1999
Perf: $1,186.80 Date: 7/31/1999
Perf: $1,179.72 Date: 6/30/1999
Perf: $1,189.00 Date: 5/31/1999
Perf: $1,158.87 Date: 4/30/1999
Perf: $1,178.43 Date: 3/31/1999
Perf: $1,143.33 Date: 2/28/1999
Perf: $1,152.67 Date: 1/31/1999
Perf: $1,131.51 Date: 12/31/1998
Perf: $1,165.18 Date: 11/30/1998
Perf: $1,138.43 Date: 10/31/1998
Perf: $1,159.65 Date: 9/30/1998
Perf: $1,164.31 Date: 8/31/1998
Perf: $1,114.49 Date: 7/31/1998
Perf: $1,032.60 Date: 6/30/1998
Perf: $1,030.44 Date: 5/31/1998
Perf: $1,029.20 Date: 4/30/1998
Perf: $1,003.71 Date: 3/31/1998
Perf: $1,045.20 Date: 2/28/1998
Perf: $1,033.12 Date: 1/31/1998
Perf: $1,041.24 Date: 12/31/1997
Perf: $1,034.72 Date: 11/30/1997
Perf: $1,007.71 Date: 10/31/1997
Perf: $993.80 Date: 9/30/1997
Perf: $1,000.00 Date: 6/30/2019
Perf: $4,682.32 Date: 5/31/2019
Perf: $4,373.95 Date: 4/30/2019
Perf: $4,670.53 Date: 3/31/2019
Perf: $4,488.74 Date: 2/28/2019
Perf: $4,403.31 Date: 1/31/2019
Perf: $4,266.36 Date: 12/31/2018
Perf: $3,949.97 Date: 11/30/2018
Perf: $4,342.06 Date: 10/31/2018
Perf: $4,255.25 Date: 9/30/2018
Perf: $4,567.68 Date: 8/31/2018
Perf: $4,541.79 Date: 7/31/2018
Perf: $4,398.41 Date: 6/30/2018
Perf: $4,240.65 Date: 5/31/2018
Perf: $4,214.52 Date: 4/30/2018
Perf: $4,115.34 Date: 3/31/2018
Perf: $4,099.76 Date: 2/28/2018
Perf: $4,206.61 Date: 1/31/2018
Perf: $4,367.78 Date: 12/31/2017
Perf: $4,131.07 Date: 11/30/2017
Perf: $4,085.72 Date: 10/31/2017
Perf: $3,964.03 Date: 9/30/2017
Perf: $3,873.77 Date: 8/31/2017
Perf: $3,795.58 Date: 7/31/2017
Perf: $3,783.85 Date: 6/30/2017
Perf: $3,707.47 Date: 5/31/2017
Perf: $3,684.63 Date: 4/30/2017
Perf: $3,633.40 Date: 3/31/2017
Perf: $3,596.36 Date: 2/28/2017
Perf: $3,592.05 Date: 1/31/2017
Perf: $3,454.89 Date: 12/31/2016
Perf: $3,390.47 Date: 11/30/2016
Perf: $3,324.64 Date: 10/31/2016
Perf: $3,206.02 Date: 9/30/2016
Perf: $3,265.45 Date: 8/31/2016
Perf: $3,264.80 Date: 7/31/2016
Perf: $3,260.23 Date: 6/30/2016
Perf: $3,144.21 Date: 5/31/2016
Perf: $3,136.06 Date: 4/30/2016
Perf: $3,080.61 Date: 3/31/2016
Perf: $3,068.64 Date: 2/29/2016
Perf: $2,873.79 Date: 1/31/2016
Perf: $2,877.54 Date: 12/31/2015
Perf: $3,027.71 Date: 11/30/2015
Perf: $3,076.32 Date: 10/31/2015
Perf: $3,067.11 Date: 9/30/2015
Perf: $2,828.40 Date: 8/31/2015
Perf: $2,900.03 Date: 7/31/2015
Perf: $3,086.12 Date: 6/30/2015
Perf: $3,022.65 Date: 5/31/2015
Perf: $3,082.44 Date: 4/30/2015
Perf: $3,043.19 Date: 3/31/2015
Perf: $3,014.25 Date: 2/28/2015
Perf: $3,062.64 Date: 1/31/2015
Perf: $2,896.11 Date: 12/31/2014
Perf: $2,985.68 Date: 11/30/2014
Perf: $2,993.17 Date: 10/31/2014
Perf: $2,914.76 Date: 9/30/2014
Perf: $2,845.33 Date: 8/31/2014
Perf: $2,885.73 Date: 7/31/2014
Perf: $2,774.74 Date: 6/30/2014
Perf: $2,813.57 Date: 5/31/2014
Perf: $2,756.51 Date: 4/30/2014
Perf: $2,693.22 Date: 3/31/2014
Perf: $2,673.44 Date: 2/28/2014
Perf: $2,651.17 Date: 1/31/2014
Perf: $2,535.30 Date: 12/31/2013
Perf: $2,626.17 Date: 11/30/2013
Perf: $2,561.37 Date: 10/31/2013
Perf: $2,485.56 Date: 9/30/2013
Perf: $2,376.25 Date: 8/31/2013
Perf: $2,303.91 Date: 7/31/2013
Perf: $2,372.72 Date: 6/30/2013
Perf: $2,257.80 Date: 5/31/2013
Perf: $2,288.46 Date: 4/30/2013
Perf: $2,236.13 Date: 3/31/2013
Perf: $2,193.79 Date: 2/28/2013
Perf: $2,114.50 Date: 1/31/2013
Perf: $2,086.13 Date: 12/31/2012
Perf: $1,983.39 Date: 11/30/2012
Perf: $1,965.50 Date: 10/31/2012
Perf: $1,954.17 Date: 9/30/2012
Perf: $1,991.00 Date: 8/31/2012
Perf: $1,940.93 Date: 7/31/2012
Perf: $1,898.22 Date: 6/30/2012
Perf: $1,872.19 Date: 5/31/2012
Perf: $1,798.11 Date: 4/30/2012
Perf: $1,913.09 Date: 3/31/2012
Perf: $1,925.22 Date: 2/29/2012
Perf: $1,863.89 Date: 1/31/2012
Perf: $1,786.71 Date: 12/31/2011
Perf: $1,710.10 Date: 11/30/2011
Perf: $1,692.83 Date: 10/31/2011
Perf: $1,696.56 Date: 9/30/2011
Perf: $1,529.40 Date: 8/31/2011
Perf: $1,645.05 Date: 7/31/2011
Perf: $1,739.50 Date: 6/30/2011
Perf: $1,775.54 Date: 5/31/2011
Perf: $1,805.70 Date: 4/30/2011
Perf: $1,826.34 Date: 3/31/2011
Perf: $1,773.83 Date: 2/28/2011
Perf: $1,773.12 Date: 1/31/2011
Perf: $1,714.32 Date: 12/31/2010
Perf: $1,674.63 Date: 11/30/2010
Perf: $1,569.77 Date: 10/31/2010
Perf: $1,569.61 Date: 9/30/2010
Perf: $1,512.01 Date: 8/31/2010
Perf: $1,388.18 Date: 7/31/2010
Perf: $1,453.75 Date: 6/30/2010
Perf: $1,358.51 Date: 5/31/2010
Perf: $1,433.48 Date: 4/30/2010
Perf: $1,557.97 Date: 3/31/2010
Perf: $1,533.73 Date: 2/28/2010
Perf: $1,446.51 Date: 1/31/2010
Perf: $1,403.02 Date: 12/31/2009
Perf: $1,455.41 Date: 11/30/2009
Perf: $1,427.85 Date: 10/31/2009
Perf: $1,347.03 Date: 9/30/2009
Perf: $1,372.56 Date: 8/31/2009
Perf: $1,323.20 Date: 7/31/2009
Perf: $1,277.10 Date: 6/30/2009
Perf: $1,187.34 Date: 5/31/2009
Perf: $1,184.97 Date: 4/30/2009
Perf: $1,122.24 Date: 3/31/2009
Perf: $1,024.22 Date: 2/28/2009
Perf: $941.72 Date: 1/31/2009
Perf: $1,053.97 Date: 12/31/2008
Perf: $1,151.00 Date: 11/30/2008
Perf: $1,138.93 Date: 10/31/2008
Perf: $1,227.03 Date: 9/30/2008
Perf: $1,474.62 Date: 8/31/2008
Perf: $1,618.86 Date: 7/31/2008
Perf: $1,595.72 Date: 6/30/2008
Perf: $1,609.24 Date: 5/31/2008
Perf: $1,757.38 Date: 4/30/2008
Perf: $1,734.83 Date: 3/31/2008
Perf: $1,654.27 Date: 2/29/2008
Perf: $1,661.41 Date: 1/31/2008
Perf: $1,717.22 Date: 12/31/2007
Perf: $1,826.83 Date: 11/30/2007
Perf: $1,839.52 Date: 10/31/2007
Perf: $1,919.77 Date: 9/30/2007
Perf: $1,889.72 Date: 8/31/2007
Perf: $1,821.60 Date: 7/31/2007
Perf: $1,794.68 Date: 6/30/2007
Perf: $1,852.09 Date: 5/31/2007
Perf: $1,883.35 Date: 4/30/2007
Perf: $1,819.84 Date: 3/31/2007
Perf: $1,742.64 Date: 2/28/2007
Perf: $1,723.34 Date: 1/31/2007
Perf: $1,757.79 Date: 12/31/2006
Perf: $1,731.65 Date: 11/30/2006
Perf: $1,707.74 Date: 10/31/2006
Perf: $1,675.90 Date: 9/30/2006
Perf: $1,622.99 Date: 8/31/2006
Perf: $1,582.17 Date: 7/31/2006
Perf: $1,545.39 Date: 6/30/2006
Perf: $1,535.86 Date: 5/31/2006
Perf: $1,533.72 Date: 4/30/2006
Perf: $1,579.20 Date: 3/31/2006
Perf: $1,558.32 Date: 2/28/2006
Perf: $1,539.23 Date: 1/31/2006
Perf: $1,535.09 Date: 12/31/2005
Perf: $1,495.46 Date: 11/30/2005
Perf: $1,495.01 Date: 10/31/2005
Perf: $1,440.55 Date: 9/30/2005
Perf: $1,465.02 Date: 8/31/2005
Perf: $1,453.25 Date: 7/31/2005
Perf: $1,466.60 Date: 6/30/2005
Perf: $1,413.99 Date: 5/31/2005
Perf: $1,412.02 Date: 4/30/2005
Perf: $1,368.50 Date: 3/31/2005
Perf: $1,395.00 Date: 2/28/2005
Perf: $1,420.14 Date: 1/31/2005
Perf: $1,390.93 Date: 12/31/2004
Perf: $1,425.72 Date: 11/30/2004
Perf: $1,378.84 Date: 10/31/2004
Perf: $1,325.17 Date: 9/30/2004
Perf: $1,305.20 Date: 8/31/2004
Perf: $1,291.25 Date: 7/31/2004
Perf: $1,286.11 Date: 6/30/2004
Perf: $1,330.14 Date: 5/31/2004
Perf: $1,304.82 Date: 4/30/2004
Perf: $1,287.19 Date: 3/31/2004
Perf: $1,307.72 Date: 2/29/2004
Perf: $1,327.77 Date: 1/31/2004
Perf: $1,309.57 Date: 12/31/2003
Perf: $1,285.91 Date: 11/30/2003
Perf: $1,221.88 Date: 10/31/2003
Perf: $1,211.22 Date: 9/30/2003
Perf: $1,146.34 Date: 8/31/2003
Perf: $1,158.62 Date: 7/31/2003
Perf: $1,136.46 Date: 6/30/2003
Perf: $1,116.80 Date: 5/31/2003
Perf: $1,102.69 Date: 4/30/2003
Perf: $1,047.49 Date: 3/31/2003
Perf: $967.74 Date: 2/28/2003
Perf: $958.45 Date: 1/31/2003
Perf: $973.04 Date: 12/31/2002
Perf: $999.22 Date: 11/30/2002
Perf: $1,061.53 Date: 10/31/2002
Perf: $1,002.49 Date: 9/30/2002
Perf: $921.40 Date: 8/31/2002
Perf: $1,033.78 Date: 7/31/2002
Perf: $1,027.00 Date: 6/30/2002
Perf: $1,113.88 Date: 5/31/2002
Perf: $1,199.27 Date: 4/30/2002
Perf: $1,208.21 Date: 3/31/2002
Perf: $1,286.15 Date: 2/28/2002
Perf: $1,239.54 Date: 1/31/2002
Perf: $1,263.94 Date: 12/31/2001
Perf: $1,282.66 Date: 11/30/2001
Perf: $1,271.47 Date: 10/31/2001
Perf: $1,180.90 Date: 9/30/2001
Perf: $1,158.77 Date: 8/31/2001
Perf: $1,260.63 Date: 7/31/2001
Perf: $1,344.81 Date: 6/30/2001
Perf: $1,358.12 Date: 5/31/2001
Perf: $1,391.94 Date: 4/30/2001
Perf: $1,382.68 Date: 3/31/2001
Perf: $1,282.99 Date: 2/28/2001
Perf: $1,369.84 Date: 1/31/2001
Perf: $1,507.31 Date: 12/31/2000
Perf: $1,455.63 Date: 11/30/2000
Perf: $1,448.53 Date: 10/31/2000
Perf: $1,572.44 Date: 9/30/2000
Perf: $1,579.07 Date: 8/31/2000
Perf: $1,667.10 Date: 7/31/2000
Perf: $1,569.62 Date: 6/30/2000
Perf: $1,594.50 Date: 5/31/2000
Perf: $1,556.06 Date: 4/30/2000
Perf: $1,588.63 Date: 3/31/2000
Perf: $1,637.93 Date: 2/29/2000
Perf: $1,492.01 Date: 1/31/2000
Perf: $1,520.75 Date: 12/31/1999
Perf: $1,601.13 Date: 11/30/1999
Perf: $1,512.07 Date: 10/31/1999
Perf: $1,481.99 Date: 9/30/1999
Perf: $1,393.76 Date: 8/31/1999
Perf: $1,433.03 Date: 7/31/1999
Perf: $1,440.08 Date: 6/30/1999
Perf: $1,486.46 Date: 5/31/1999
Perf: $1,408.30 Date: 4/30/1999
Perf: $1,442.34 Date: 3/31/1999
Perf: $1,388.60 Date: 2/28/1999
Perf: $1,335.19 Date: 1/31/1999
Perf: $1,378.05 Date: 12/31/1998
Perf: $1,322.76 Date: 11/30/1998
Perf: $1,250.72 Date: 10/31/1998
Perf: $1,179.25 Date: 9/30/1998
Perf: $1,090.59 Date: 8/31/1998
Perf: $1,024.89 Date: 7/31/1998
Perf: $1,198.14 Date: 6/30/1998
Perf: $1,210.98 Date: 5/31/1998
Perf: $1,163.73 Date: 4/30/1998
Perf: $1,184.10 Date: 3/31/1998
Perf: $1,172.26 Date: 2/28/1998
Perf: $1,115.16 Date: 1/31/1998
Perf: $1,040.17 Date: 12/31/1997
Perf: $1,028.75 Date: 11/30/1997
Perf: $1,011.35 Date: 10/31/1997
Perf: $966.60 Date: 9/30/1997
Perf: $1,000.00 Date: 6/30/2019
Perf: $9,048.47 Date: 5/31/2019
Perf: $9,073.88 Date: 4/30/2019
Perf: $9,271.35 Date: 3/31/2019
Perf: $9,069.11 Date: 2/28/2019
Perf: $8,930.69 Date: 1/31/2019
Perf: $8,864.21 Date: 12/31/2018
Perf: $8,985.51 Date: 11/30/2018
Perf: $9,266.28 Date: 10/31/2018
Perf: $9,032.34 Date: 9/30/2018
Perf: $9,215.73 Date: 8/31/2018
Perf: $9,235.13 Date: 7/31/2018
Perf: $9,139.17 Date: 6/30/2018
Perf: $9,126.39 Date: 5/31/2018
Perf: $8,950.07 Date: 4/30/2018
Perf: $9,014.98 Date: 3/31/2018
Perf: $8,862.55 Date: 2/28/2018
Perf: $8,887.43 Date: 1/31/2018
Perf: $9,414.65 Date: 12/31/2017
Perf: $9,065.62 Date: 11/30/2017
Perf: $8,782.82 Date: 10/31/2017
Perf: $8,753.93 Date: 9/30/2017
Perf: $8,426.15 Date: 8/31/2017
Perf: $8,571.87 Date: 7/31/2017
Perf: $8,357.91 Date: 6/30/2017
Perf: $8,366.28 Date: 5/31/2017
Perf: $8,524.84 Date: 4/30/2017
Perf: $8,508.67 Date: 3/31/2017
Perf: $8,569.52 Date: 2/28/2017
Perf: $8,568.66 Date: 1/31/2017
Perf: $8,378.47 Date: 12/31/2016
Perf: $8,473.37 Date: 11/30/2016
Perf: $8,348.15 Date: 10/31/2016
Perf: $8,452.11 Date: 9/30/2016
Perf: $8,681.30 Date: 8/31/2016
Perf: $8,707.42 Date: 7/31/2016
Perf: $8,859.81 Date: 6/30/2016
Perf: $8,795.60 Date: 5/31/2016
Perf: $8,360.04 Date: 4/30/2016
Perf: $8,499.43 Date: 3/31/2016
Perf: $8,631.49 Date: 2/29/2016
Perf: $8,881.96 Date: 1/31/2016
Perf: $8,731.78 Date: 12/31/2015
Perf: $8,415.36 Date: 11/30/2015
Perf: $8,550.46 Date: 10/31/2015
Perf: $8,266.10 Date: 9/30/2015
Perf: $8,394.54 Date: 8/31/2015
Perf: $8,107.53 Date: 7/31/2015
Perf: $8,505.60 Date: 6/30/2015
Perf: $8,188.69 Date: 5/31/2015
Perf: $8,461.14 Date: 4/30/2015
Perf: $8,462.83 Date: 3/31/2015
Perf: $8,750.73 Date: 2/28/2015
Perf: $8,586.73 Date: 1/31/2015
Perf: $8,585.01 Date: 12/31/2014
Perf: $8,351.99 Date: 11/30/2014
Perf: $8,307.96 Date: 10/31/2014
Perf: $7,913.09 Date: 9/30/2014
Perf: $7,654.38 Date: 8/31/2014
Perf: $7,709.89 Date: 7/31/2014
Perf: $7,416.21 Date: 6/30/2014
Perf: $7,593.90 Date: 5/31/2014
Perf: $7,575.72 Date: 4/30/2014
Perf: $7,434.47 Date: 3/31/2014
Perf: $7,310.19 Date: 2/28/2014
Perf: $7,336.60 Date: 1/31/2014
Perf: $7,163.95 Date: 12/31/2013
Perf: $7,322.86 Date: 11/30/2013
Perf: $7,284.98 Date: 10/31/2013
Perf: $7,105.91 Date: 9/30/2013
Perf: $6,921.79 Date: 8/31/2013
Perf: $6,703.26 Date: 7/31/2013
Perf: $6,904.89 Date: 6/30/2013
Perf: $6,995.83 Date: 5/31/2013
Perf: $7,151.74 Date: 4/30/2013
Perf: $7,294.72 Date: 3/31/2013
Perf: $7,083.62 Date: 2/28/2013
Perf: $6,966.58 Date: 1/31/2013
Perf: $6,991.05 Date: 12/31/2012
Perf: $6,867.44 Date: 11/30/2012
Perf: $6,764.62 Date: 10/31/2012
Perf: $6,685.73 Date: 9/30/2012
Perf: $6,859.27 Date: 8/31/2012
Perf: $6,987.13 Date: 7/31/2012
Perf: $7,058.42 Date: 6/30/2012
Perf: $6,841.54 Date: 5/31/2012
Perf: $7,081.61 Date: 4/30/2012
Perf: $7,077.36 Date: 3/31/2012
Perf: $7,075.95 Date: 2/29/2012
Perf: $7,122.96 Date: 1/31/2012
Perf: $7,180.40 Date: 12/31/2011
Perf: $7,133.32 Date: 11/30/2011
Perf: $7,025.14 Date: 10/31/2011
Perf: $6,959.71 Date: 9/30/2011
Perf: $7,127.20 Date: 8/31/2011
Perf: $7,112.98 Date: 7/31/2011
Perf: $7,004.41 Date: 6/30/2011
Perf: $6,693.82 Date: 5/31/2011
Perf: $6,868.98 Date: 4/30/2011
Perf: $7,024.93 Date: 3/31/2011
Perf: $6,816.35 Date: 2/28/2011
Perf: $6,802.74 Date: 1/31/2011
Perf: $6,694.30 Date: 12/31/2010
Perf: $6,686.94 Date: 11/30/2010
Perf: $6,436.56 Date: 10/31/2010
Perf: $6,583.37 Date: 9/30/2010
Perf: $6,415.29 Date: 8/31/2010
Perf: $6,361.85 Date: 7/31/2010
Perf: $6,063.52 Date: 6/30/2010
Perf: $6,240.12 Date: 5/31/2010
Perf: $6,150.32 Date: 4/30/2010
Perf: $6,203.05 Date: 3/31/2010
Perf: $6,106.56 Date: 2/28/2010
Perf: $5,835.78 Date: 1/31/2010
Perf: $5,705.14 Date: 12/31/2009
Perf: $5,852.02 Date: 11/30/2009
Perf: $6,003.92 Date: 10/31/2009
Perf: $5,717.48 Date: 9/30/2009
Perf: $5,806.90 Date: 8/31/2009
Perf: $5,652.59 Date: 7/31/2009
Perf: $5,635.12 Date: 6/30/2009
Perf: $5,723.84 Date: 5/31/2009
Perf: $5,799.81 Date: 4/30/2009
Perf: $5,923.01 Date: 3/31/2009
Perf: $6,111.24 Date: 2/28/2009
Perf: $6,221.99 Date: 1/31/2009
Perf: $6,241.96 Date: 12/31/2008
Perf: $6,185.06 Date: 11/30/2008
Perf: $6,067.95 Date: 10/31/2008
Perf: $5,807.76 Date: 9/30/2008
Perf: $5,603.24 Date: 8/31/2008
Perf: $5,624.62 Date: 7/31/2008
Perf: $5,803.96 Date: 6/30/2008
Perf: $6,087.64 Date: 5/31/2008
Perf: $5,785.63 Date: 4/30/2008
Perf: $5,674.97 Date: 3/31/2008
Perf: $5,730.56 Date: 2/29/2008
Perf: $5,783.77 Date: 1/31/2008
Perf: $5,344.95 Date: 12/31/2007
Perf: $5,143.33 Date: 11/30/2007
Perf: $5,137.17 Date: 10/31/2007
Perf: $5,014.32 Date: 9/30/2007
Perf: $4,897.75 Date: 8/31/2007
Perf: $4,584.62 Date: 7/31/2007
Perf: $4,629.06 Date: 6/30/2007
Perf: $4,693.83 Date: 5/31/2007
Perf: $4,609.48 Date: 4/30/2007
Perf: $4,388.31 Date: 3/31/2007
Perf: $4,134.84 Date: 2/28/2007
Perf: $4,312.97 Date: 1/31/2007
Perf: $4,607.38 Date: 12/31/2006
Perf: $4,428.90 Date: 11/30/2006
Perf: $4,340.78 Date: 10/31/2006
Perf: $4,210.26 Date: 9/30/2006
Perf: $4,150.90 Date: 8/31/2006
Perf: $4,211.12 Date: 7/31/2006
Perf: $4,026.70 Date: 6/30/2006
Perf: $4,051.82 Date: 5/31/2006
Perf: $4,106.85 Date: 4/30/2006
Perf: $4,243.05 Date: 3/31/2006
Perf: $4,015.00 Date: 2/28/2006
Perf: $3,865.04 Date: 1/31/2006
Perf: $3,973.92 Date: 12/31/2005
Perf: $3,823.65 Date: 11/30/2005
Perf: $4,007.60 Date: 10/31/2005
Perf: $3,743.67 Date: 9/30/2005
Perf: $3,860.25 Date: 8/31/2005
Perf: $4,128.61 Date: 7/31/2005
Perf: $3,834.86 Date: 6/30/2005
Perf: $3,919.12 Date: 5/31/2005
Perf: $3,810.52 Date: 4/30/2005
Perf: $3,578.29 Date: 3/31/2005
Perf: $3,728.55 Date: 2/28/2005
Perf: $3,561.18 Date: 1/31/2005
Perf: $3,368.50 Date: 12/31/2004
Perf: $3,551.77 Date: 11/30/2004
Perf: $3,572.49 Date: 10/31/2004
Perf: $3,358.24 Date: 9/30/2004
Perf: $3,248.75 Date: 8/31/2004
Perf: $3,100.55 Date: 7/31/2004
Perf: $3,020.80 Date: 6/30/2004
Perf: $2,994.45 Date: 5/31/2004
Perf: $3,090.88 Date: 4/30/2004
Perf: $3,095.84 Date: 3/31/2004
Perf: $3,374.94 Date: 2/29/2004
Perf: $3,391.90 Date: 1/31/2004
Perf: $3,030.38 Date: 12/31/2003
Perf: $2,952.15 Date: 11/30/2003
Perf: $2,683.77 Date: 10/31/2003
Perf: $2,757.68 Date: 9/30/2003
Perf: $2,614.90 Date: 8/31/2003
Perf: $2,596.47 Date: 7/31/2003
Perf: $2,578.67 Date: 6/30/2003
Perf: $2,608.67 Date: 5/31/2003
Perf: $2,770.76 Date: 4/30/2003
Perf: $2,514.76 Date: 3/31/2003
Perf: $2,463.76 Date: 2/28/2003
Perf: $2,772.63 Date: 1/31/2003
Perf: $2,476.67 Date: 12/31/2002
Perf: $2,352.01 Date: 11/30/2002
Perf: $2,072.99 Date: 10/31/2002
Perf: $2,095.83 Date: 9/30/2002
Perf: $2,272.15 Date: 8/31/2002
Perf: $2,115.20 Date: 7/31/2002
Perf: $2,005.31 Date: 6/30/2002
Perf: $1,913.65 Date: 5/31/2002
Perf: $1,783.13 Date: 4/30/2002
Perf: $1,853.56 Date: 3/31/2002
Perf: $1,944.16 Date: 2/28/2002
Perf: $1,744.58 Date: 1/31/2002
Perf: $1,858.70 Date: 12/31/2001
Perf: $2,083.98 Date: 11/30/2001
Perf: $2,171.27 Date: 10/31/2001
Perf: $2,348.84 Date: 9/30/2001
Perf: $2,088.78 Date: 8/31/2001
Perf: $1,999.22 Date: 7/31/2001
Perf: $1,998.82 Date: 6/30/2001
Perf: $1,984.53 Date: 5/31/2001
Perf: $2,044.85 Date: 4/30/2001
Perf: $2,115.07 Date: 3/31/2001
Perf: $2,231.80 Date: 2/28/2001
Perf: $2,076.48 Date: 1/31/2001
Perf: $2,064.71 Date: 12/31/2000
Perf: $1,974.29 Date: 11/30/2000
Perf: $1,701.38 Date: 10/31/2000
Perf: $1,588.59 Date: 9/30/2000
Perf: $1,549.85 Date: 8/31/2000
Perf: $1,676.24 Date: 7/31/2000
Perf: $1,630.26 Date: 6/30/2000
Perf: $1,704.05 Date: 5/31/2000
Perf: $1,726.14 Date: 4/30/2000
Perf: $1,734.82 Date: 3/31/2000
Perf: $1,708.67 Date: 2/29/2000
Perf: $1,763.88 Date: 1/31/2000
Perf: $1,733.55 Date: 12/31/1999
Perf: $1,799.40 Date: 11/30/1999
Perf: $1,647.81 Date: 10/31/1999
Perf: $1,456.69 Date: 9/30/1999
Perf: $1,551.82 Date: 8/31/1999
Perf: $1,554.30 Date: 7/31/1999
Perf: $1,613.02 Date: 6/30/1999
Perf: $1,644.76 Date: 5/31/1999
Perf: $1,561.83 Date: 4/30/1999
Perf: $1,708.41 Date: 3/31/1999
Perf: $1,551.83 Date: 2/28/1999
Perf: $1,620.54 Date: 1/31/1999
Perf: $1,564.98 Date: 12/31/1998
Perf: $1,588.98 Date: 11/30/1998
Perf: $1,455.24 Date: 10/31/1998
Perf: $1,438.27 Date: 9/30/1998
Perf: $1,524.40 Date: 8/31/1998
Perf: $1,458.47 Date: 7/31/1998
Perf: $1,313.23 Date: 6/30/1998
Perf: $1,295.74 Date: 5/31/1998
Perf: $1,255.19 Date: 4/30/1998
Perf: $1,156.54 Date: 3/31/1998
Perf: $1,173.92 Date: 2/28/1998
Perf: $1,086.76 Date: 1/31/1998
Perf: $1,052.35 Date: 12/31/1997
Perf: $1,036.79 Date: 11/30/1997
Perf: $956.98 Date: 10/31/1997
Perf: $870.30 Date: 9/30/1997
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 09/97 - 06/19
Date: 6/30/2019
Return: -0.28 % Date: 5/31/2019
Return: -2.13 % Date: 4/30/2019
Return: 2.23 % Date: 3/31/2019
Return: 1.55 % Date: 2/28/2019
Return: 0.75 % Date: 1/31/2019
Return: -1.35 % Date: 12/31/2018
Return: -3.03 % Date: 11/30/2018
Return: 2.59 % Date: 10/31/2018
Return: -1.99 % Date: 9/30/2018
Return: -0.21 % Date: 8/31/2018
Return: 1.05 % Date: 7/31/2018
Return: 0.14 % Date: 6/30/2018
Return: 1.97 % Date: 5/31/2018
Return: -0.72 % Date: 4/30/2018
Return: 1.72 % Date: 3/31/2018
Return: -0.28 % Date: 2/28/2018
Return: -5.60 % Date: 1/31/2018
Return: 3.85 % Date: 12/31/2017
Return: 3.22 % Date: 11/30/2017
Return: 0.33 % Date: 10/31/2017
Return: 3.89 % Date: 9/30/2017
Return: -1.70 % Date: 8/31/2017
Return: 2.56 % Date: 7/31/2017
Return: -0.10 % Date: 6/30/2017
Return: -1.86 % Date: 5/31/2017
Return: 0.19 % Date: 4/30/2017
Return: -0.71 % Date: 3/31/2017
Return: 0.01 % Date: 2/28/2017
Return: 2.27 % Date: 1/31/2017
Return: -1.12 % Date: 12/31/2016
Return: 1.50 % Date: 11/30/2016
Return: -1.23 % Date: 10/31/2016
Return: -2.64 % Date: 9/30/2016
Return: -0.30 % Date: 8/31/2016
Return: -1.72 % Date: 7/31/2016
Return: 0.73 % Date: 6/30/2016
Return: 5.21 % Date: 5/31/2016
Return: -1.64 % Date: 4/30/2016
Return: -1.53 % Date: 3/31/2016
Return: -2.82 % Date: 2/29/2016
Return: 1.72 % Date: 1/31/2016
Return: 3.76 % Date: 12/31/2015
Return: -1.58 % Date: 11/30/2015
Return: 3.44 % Date: 10/31/2015
Return: -1.53 % Date: 9/30/2015
Return: 3.54 % Date: 8/31/2015
Return: -4.68 % Date: 7/31/2015
Return: 3.87 % Date: 6/30/2015
Return: -3.22 % Date: 5/31/2015
Return: -0.02 % Date: 4/30/2015
Return: -3.29 % Date: 3/31/2015
Return: 1.91 % Date: 2/28/2015
Return: 0.02 % Date: 1/31/2015
Return: 2.79 % Date: 12/31/2014
Return: 0.53 % Date: 11/30/2014
Return: 4.99 % Date: 10/31/2014
Return: 3.38 % Date: 9/30/2014
Return: -0.72 % Date: 8/31/2014
Return: 3.96 % Date: 7/31/2014
Return: -2.34 % Date: 6/30/2014
Return: 0.24 % Date: 5/31/2014
Return: 1.90 % Date: 4/30/2014
Return: 1.70 % Date: 3/31/2014
Return: -0.36 % Date: 2/28/2014
Return: 2.41 % Date: 1/31/2014
Return: -2.17 % Date: 12/31/2013
Return: 0.52 % Date: 11/30/2013
Return: 2.52 % Date: 10/31/2013
Return: 2.66 % Date: 9/30/2013
Return: 3.26 % Date: 8/31/2013
Return: -2.92 % Date: 7/31/2013
Return: -1.30 % Date: 6/30/2013
Return: -2.18 % Date: 5/31/2013
Return: -1.96 % Date: 4/30/2013
Return: 2.98 % Date: 3/31/2013
Return: 1.68 % Date: 2/28/2013
Return: -0.35 % Date: 1/31/2013
Return: 1.80 % Date: 12/31/2012
Return: 1.52 % Date: 11/30/2012
Return: 1.18 % Date: 10/31/2012
Return: -2.53 % Date: 9/30/2012
Return: -1.83 % Date: 8/31/2012
Return: -1.01 % Date: 7/31/2012
Return: 3.17 % Date: 6/30/2012
Return: -3.39 % Date: 5/31/2012
Return: 0.06 % Date: 4/30/2012
Return: 0.02 % Date: 3/31/2012
Return: -0.66 % Date: 2/29/2012
Return: -0.80 % Date: 1/31/2012
Return: 0.66 % Date: 12/31/2011
Return: 1.54 % Date: 11/30/2011
Return: 0.94 % Date: 10/31/2011
Return: -2.35 % Date: 9/30/2011
Return: 0.20 % Date: 8/31/2011
Return: 1.55 % Date: 7/31/2011
Return: 4.64 % Date: 6/30/2011
Return: -2.55 % Date: 5/31/2011
Return: -2.22 % Date: 4/30/2011
Return: 3.06 % Date: 3/31/2011
Return: 0.20 % Date: 2/28/2011
Return: 1.62 % Date: 1/31/2011
Return: 0.11 % Date: 12/31/2010
Return: 3.89 % Date: 11/30/2010
Return: -2.23 % Date: 10/31/2010
Return: 2.62 % Date: 9/30/2010
Return: 0.84 % Date: 8/31/2010
Return: 4.92 % Date: 7/31/2010
Return: -2.83 % Date: 6/30/2010
Return: 1.46 % Date: 5/31/2010
Return: -0.85 % Date: 4/30/2010
Return: 1.58 % Date: 3/31/2010
Return: 4.64 % Date: 2/28/2010
Return: 2.29 % Date: 1/31/2010
Return: -2.51 % Date: 12/31/2009
Return: -2.53 % Date: 11/30/2009
Return: 5.01 % Date: 10/31/2009
Return: -1.54 % Date: 9/30/2009
Return: 2.73 % Date: 8/31/2009
Return: 0.31 % Date: 7/31/2009
Return: -1.55 % Date: 6/30/2009
Return: -1.31 % Date: 5/31/2009
Return: -2.08 % Date: 4/30/2009
Return: -3.08 % Date: 3/31/2009
Return: -1.78 % Date: 2/28/2009
Return: -0.32 % Date: 1/31/2009
Return: 0.92 % Date: 12/31/2008
Return: 1.93 % Date: 11/30/2008
Return: 4.48 % Date: 10/31/2008
Return: 3.65 % Date: 9/30/2008
Return: -0.38 % Date: 8/31/2008
Return: -3.09 % Date: 7/31/2008
Return: -4.66 % Date: 6/30/2008
Return: 5.22 % Date: 5/31/2008
Return: 1.95 % Date: 4/30/2008
Return: -0.97 % Date: 3/31/2008
Return: -0.92 % Date: 2/29/2008
Return: 8.21 % Date: 1/31/2008
Return: 3.92 % Date: 12/31/2007
Return: 0.12 % Date: 11/30/2007
Return: 2.45 % Date: 10/31/2007
Return: 2.38 % Date: 9/30/2007
Return: 6.83 % Date: 8/31/2007
Return: -0.96 % Date: 7/31/2007
Return: -1.38 % Date: 6/30/2007
Return: 1.83 % Date: 5/31/2007
Return: 5.04 % Date: 4/30/2007
Return: 6.13 % Date: 3/31/2007
Return: -4.13 % Date: 2/28/2007
Return: -6.39 % Date: 1/31/2007
Return: 4.03 % Date: 12/31/2006
Return: 2.03 % Date: 11/30/2006
Return: 3.10 % Date: 10/31/2006
Return: 1.43 % Date: 9/30/2006
Return: -1.43 % Date: 8/31/2006
Return: 4.58 % Date: 7/31/2006
Return: -0.62 % Date: 6/30/2006
Return: -1.34 % Date: 5/31/2006
Return: -3.21 % Date: 4/30/2006
Return: 5.68 % Date: 3/31/2006
Return: 3.88 % Date: 2/28/2006
Return: -2.74 % Date: 1/31/2006
Return: 3.93 % Date: 12/31/2005
Return: -4.59 % Date: 11/30/2005
Return: 7.05 % Date: 10/31/2005
Return: -3.02 % Date: 9/30/2005
Return: -6.50 % Date: 8/31/2005
Return: 7.66 % Date: 7/31/2005
Return: -2.15 % Date: 6/30/2005
Return: 2.85 % Date: 5/31/2005
Return: 6.49 % Date: 4/30/2005
Return: -4.03 % Date: 3/31/2005
Return: 4.70 % Date: 2/28/2005
Return: 5.72 % Date: 1/31/2005
Return: -5.16 % Date: 12/31/2004
Return: -0.58 % Date: 11/30/2004
Return: 6.38 % Date: 10/31/2004
Return: 3.37 % Date: 9/30/2004
Return: 4.78 % Date: 8/31/2004
Return: 2.64 % Date: 7/31/2004
Return: 0.88 % Date: 6/30/2004
Return: -3.12 % Date: 5/31/2004
Return: -0.16 % Date: 4/30/2004
Return: -8.27 % Date: 3/31/2004
Return: -0.50 % Date: 2/29/2004
Return: 11.93 % Date: 1/31/2004
Return: 2.65 % Date: 12/31/2003
Return: 10.00 % Date: 11/30/2003
Return: -2.68 % Date: 10/31/2003
Return: 5.46 % Date: 9/30/2003
Return: 0.71 % Date: 8/31/2003
Return: 0.69 % Date: 7/31/2003
Return: -1.15 % Date: 6/30/2003
Return: -5.85 % Date: 5/31/2003
Return: 10.18 % Date: 4/30/2003
Return: 2.07 % Date: 3/31/2003
Return: -11.14 % Date: 2/28/2003
Return: 11.95 % Date: 1/31/2003
Return: 5.30 % Date: 12/31/2002
Return: 13.46 % Date: 11/30/2002
Return: -1.09 % Date: 10/31/2002
Return: -7.76 % Date: 9/30/2002
Return: 7.42 % Date: 8/31/2002
Return: 5.48 % Date: 7/31/2002
Return: 4.79 % Date: 6/30/2002
Return: 7.32 % Date: 5/31/2002
Return: -3.80 % Date: 4/30/2002
Return: -4.66 % Date: 3/31/2002
Return: 11.44 % Date: 2/28/2002
Return: -6.14 % Date: 1/31/2002
Return: -10.81 % Date: 12/31/2001
Return: -4.02 % Date: 11/30/2001
Return: -7.56 % Date: 10/31/2001
Return: 12.45 % Date: 9/30/2001
Return: 4.48 % Date: 8/31/2001
Return: 0.02 % Date: 7/31/2001
Return: 0.72 % Date: 6/30/2001
Return: -2.95 % Date: 5/31/2001
Return: -3.32 % Date: 4/30/2001
Return: -5.23 % Date: 3/31/2001
Return: 7.48 % Date: 2/28/2001
Return: 0.57 % Date: 1/31/2001
Return: 4.58 % Date: 12/31/2000
Return: 16.04 % Date: 11/30/2000
Return: 7.10 % Date: 10/31/2000
Return: 2.50 % Date: 9/30/2000
Return: -7.54 % Date: 8/31/2000
Return: 2.82 % Date: 7/31/2000
Return: -4.33 % Date: 6/30/2000
Return: -1.28 % Date: 5/31/2000
Return: -0.50 % Date: 4/30/2000
Return: 1.53 % Date: 3/31/2000
Return: -3.13 % Date: 2/29/2000
Return: 1.75 % Date: 1/31/2000
Return: -3.66 % Date: 12/31/1999
Return: 9.20 % Date: 11/30/1999
Return: 13.12 % Date: 10/31/1999
Return: -6.13 % Date: 9/30/1999
Return: -0.16 % Date: 8/31/1999
Return: -3.64 % Date: 7/31/1999
Return: -1.93 % Date: 6/30/1999
Return: 5.31 % Date: 5/31/1999
Return: -8.58 % Date: 4/30/1999
Return: 10.09 % Date: 3/31/1999
Return: -4.24 % Date: 2/28/1999
Return: 3.55 % Date: 1/31/1999
Return: -1.51 % Date: 12/31/1998
Return: 9.19 % Date: 11/30/1998
Return: 1.18 % Date: 10/31/1998
Return: -5.65 % Date: 9/30/1998
Return: 4.52 % Date: 8/31/1998
Return: 11.06 % Date: 7/31/1998
Return: 1.35 % Date: 6/30/1998
Return: 3.23 % Date: 5/31/1998
Return: 8.53 % Date: 4/30/1998
Return: -1.48 % Date: 3/31/1998
Return: 8.02 % Date: 2/28/1998
Return: 3.27 % Date: 1/31/1998
Return: 1.50 % Date: 12/31/1997
Return: 8.34 % Date: 11/30/1997
Return: 9.96 % Date: 10/31/1997
Return: -12.97 % Date: 9/30/1997
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 09/97 - 06/19
Return: -7.00 %
Count: 1 Return: 6.00 %
Count: 5 Return: -11.00 %
Count: 2 Return: 12.00 %
Count: 3 Return: -5.00 %
Count: 6 Return: 16.00 %
Count: 1 Return: 7.00 %
Count: 6 Return: -8.00 %
Count: 4 Return: -3.00 %
Count: 22 Return: 2.00 %
Count: 27 Return: 13.00 %
Count: 2 Return: -9.00 %
Count: 1 Return: -4.00 %
Count: 8 Return: 4.00 %
Count: 15 Return: -2.00 %
Count: 24 Return: -6.00 %
Count: 6 Return: 5.00 %
Count: 18 Return: 11.00 %
Count: 2 Return: 9.00 %
Count: 3 Return: -1.00 %
Count: 25 Return: 3.00 %
Count: 23 Return: 1.00 %
Count: 21 Return: 8.00 %
Count: 4 Return: 10.00 %
Count: 4 Return: -13.00 %
Count: 1 Return: 0.00 %
Count: 28
Note: All performance data is since program inception.

Underwater Curve

Date Range: 09/97 - 06/19
Date: 6/30/2019
Drawdown: -3.89 % Date: 5/31/2019
Drawdown: -3.62 % Date: 4/30/2019
Drawdown: -1.52 % Date: 3/31/2019
Drawdown: -3.67 % Date: 2/28/2019
Drawdown: -5.14 % Date: 1/31/2019
Drawdown: -5.85 % Date: 12/31/2018
Drawdown: -4.56 % Date: 11/30/2018
Drawdown: -1.58 % Date: 10/31/2018
Drawdown: -4.06 % Date: 9/30/2018
Drawdown: -2.11 % Date: 8/31/2018
Drawdown: -1.91 % Date: 7/31/2018
Drawdown: -2.93 % Date: 6/30/2018
Drawdown: -3.06 % Date: 5/31/2018
Drawdown: -4.93 % Date: 4/30/2018
Drawdown: -4.25 % Date: 3/31/2018
Drawdown: -5.86 % Date: 2/28/2018
Drawdown: -5.60 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: 0.00 % Date: 11/30/2017
Drawdown: -1.12 % Date: 10/31/2017
Drawdown: -1.44 % Date: 9/30/2017
Drawdown: -5.13 % Date: 8/31/2017
Drawdown: -3.49 % Date: 7/31/2017
Drawdown: -5.90 % Date: 6/30/2017
Drawdown: -5.81 % Date: 5/31/2017
Drawdown: -4.02 % Date: 4/30/2017
Drawdown: -4.20 % Date: 3/31/2017
Drawdown: -3.52 % Date: 2/28/2017
Drawdown: -3.53 % Date: 1/31/2017
Drawdown: -5.67 % Date: 12/31/2016
Drawdown: -4.60 % Date: 11/30/2016
Drawdown: -6.01 % Date: 10/31/2016
Drawdown: -4.84 % Date: 9/30/2016
Drawdown: -2.26 % Date: 8/31/2016
Drawdown: -1.97 % Date: 7/31/2016
Drawdown: -0.25 % Date: 6/30/2016
Drawdown: -0.97 % Date: 5/31/2016
Drawdown: -5.88 % Date: 4/30/2016
Drawdown: -4.31 % Date: 3/31/2016
Drawdown: -2.82 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -0.22 % Date: 12/31/2015
Drawdown: -3.83 % Date: 11/30/2015
Drawdown: -2.29 % Date: 10/31/2015
Drawdown: -5.54 % Date: 9/30/2015
Drawdown: -4.07 % Date: 8/31/2015
Drawdown: -7.35 % Date: 7/31/2015
Drawdown: -2.80 % Date: 6/30/2015
Drawdown: -6.42 % Date: 5/31/2015
Drawdown: -3.31 % Date: 4/30/2015
Drawdown: -3.29 % 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: 0.00 % Date: 9/30/2014
Drawdown: -0.72 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -2.34 % 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: -0.36 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: -2.17 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: -0.13 % Date: 10/31/2013
Drawdown: -2.59 % Date: 9/30/2013
Drawdown: -5.11 % Date: 8/31/2013
Drawdown: -8.11 % Date: 7/31/2013
Drawdown: -5.34 % Date: 6/30/2013
Drawdown: -4.10 % Date: 5/31/2013
Drawdown: -1.96 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: -1.35 % Date: 2/28/2013
Drawdown: -2.98 % Date: 1/31/2013
Drawdown: -2.64 % Date: 12/31/2012
Drawdown: -4.36 % Date: 11/30/2012
Drawdown: -5.79 % Date: 10/31/2012
Drawdown: -6.89 % Date: 9/30/2012
Drawdown: -4.47 % Date: 8/31/2012
Drawdown: -2.69 % Date: 7/31/2012
Drawdown: -1.70 % Date: 6/30/2012
Drawdown: -4.72 % Date: 5/31/2012
Drawdown: -1.38 % Date: 4/30/2012
Drawdown: -1.44 % Date: 3/31/2012
Drawdown: -1.45 % Date: 2/29/2012
Drawdown: -0.80 % Date: 1/31/2012
Drawdown: 0.00 % Date: 12/31/2011
Drawdown: 0.00 % Date: 11/30/2011
Drawdown: -1.43 % Date: 10/31/2011
Drawdown: -2.35 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -0.29 % Date: 6/30/2011
Drawdown: -4.71 % Date: 5/31/2011
Drawdown: -2.22 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: 0.00 % 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: -2.23 % 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: -2.86 % Date: 6/30/2010
Drawdown: -0.03 % Date: 5/31/2010
Drawdown: -1.47 % Date: 4/30/2010
Drawdown: -0.62 % Date: 3/31/2010
Drawdown: -2.17 % Date: 2/28/2010
Drawdown: -6.51 % Date: 1/31/2010
Drawdown: -8.60 % Date: 12/31/2009
Drawdown: -6.25 % Date: 11/30/2009
Drawdown: -3.81 % Date: 10/31/2009
Drawdown: -8.40 % Date: 9/30/2009
Drawdown: -6.97 % Date: 8/31/2009
Drawdown: -9.44 % Date: 7/31/2009
Drawdown: -9.72 % Date: 6/30/2009
Drawdown: -8.30 % Date: 5/31/2009
Drawdown: -7.08 % Date: 4/30/2009
Drawdown: -5.11 % Date: 3/31/2009
Drawdown: -2.09 % Date: 2/28/2009
Drawdown: -0.32 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: -0.32 % Date: 10/31/2008
Drawdown: -4.60 % Date: 9/30/2008
Drawdown: -7.96 % Date: 8/31/2008
Drawdown: -7.61 % Date: 7/31/2008
Drawdown: -4.66 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: -1.88 % Date: 3/31/2008
Drawdown: -0.92 % 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: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: -2.33 % Date: 7/31/2007
Drawdown: -1.38 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: -4.75 % Date: 3/31/2007
Drawdown: -10.26 % Date: 2/28/2007
Drawdown: -6.39 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: -0.77 % Date: 9/30/2006
Drawdown: -2.17 % Date: 8/31/2006
Drawdown: -0.75 % Date: 7/31/2006
Drawdown: -5.10 % Date: 6/30/2006
Drawdown: -4.51 % Date: 5/31/2006
Drawdown: -3.21 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: -2.75 % Date: 2/28/2006
Drawdown: -6.38 % Date: 1/31/2006
Drawdown: -3.75 % Date: 12/31/2005
Drawdown: -7.39 % Date: 11/30/2005
Drawdown: -2.93 % Date: 10/31/2005
Drawdown: -9.32 % Date: 9/30/2005
Drawdown: -6.50 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: -2.15 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: 0.00 % Date: 4/30/2005
Drawdown: -4.03 % Date: 3/31/2005
Drawdown: 0.00 % Date: 2/28/2005
Drawdown: -0.32 % Date: 1/31/2005
Drawdown: -5.71 % Date: 12/31/2004
Drawdown: -0.58 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: -0.99 % Date: 9/30/2004
Drawdown: -4.22 % Date: 8/31/2004
Drawdown: -8.59 % Date: 7/31/2004
Drawdown: -10.94 % Date: 6/30/2004
Drawdown: -11.72 % Date: 5/31/2004
Drawdown: -8.87 % Date: 4/30/2004
Drawdown: -8.73 % Date: 3/31/2004
Drawdown: -0.50 % 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: -3.20 % Date: 10/31/2003
Drawdown: -0.54 % Date: 9/30/2003
Drawdown: -5.69 % Date: 8/31/2003
Drawdown: -6.35 % Date: 7/31/2003
Drawdown: -7.00 % Date: 6/30/2003
Drawdown: -5.91 % Date: 5/31/2003
Drawdown: -0.07 % Date: 4/30/2003
Drawdown: -9.30 % Date: 3/31/2003
Drawdown: -11.14 % Date: 2/28/2003
Drawdown: 0.00 % Date: 1/31/2003
Drawdown: 0.00 % Date: 12/31/2002
Drawdown: 0.00 % Date: 11/30/2002
Drawdown: -11.74 % Date: 10/31/2002
Drawdown: -10.77 % Date: 9/30/2002
Drawdown: -3.26 % Date: 8/31/2002
Drawdown: -9.95 % Date: 7/31/2002
Drawdown: -14.63 % Date: 6/30/2002
Drawdown: -18.53 % Date: 5/31/2002
Drawdown: -24.08 % Date: 4/30/2002
Drawdown: -21.09 % Date: 3/31/2002
Drawdown: -17.23 % Date: 2/28/2002
Drawdown: -25.73 % Date: 1/31/2002
Drawdown: -20.87 % Date: 12/31/2001
Drawdown: -11.28 % Date: 11/30/2001
Drawdown: -7.56 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: -6.41 % Date: 8/31/2001
Drawdown: -10.42 % Date: 7/31/2001
Drawdown: -10.44 % Date: 6/30/2001
Drawdown: -11.08 % Date: 5/31/2001
Drawdown: -8.38 % Date: 4/30/2001
Drawdown: -5.23 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: 0.00 % Date: 1/31/2001
Drawdown: 0.00 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: -5.45 % Date: 10/31/2000
Drawdown: -11.72 % Date: 9/30/2000
Drawdown: -13.87 % Date: 8/31/2000
Drawdown: -6.84 % Date: 7/31/2000
Drawdown: -9.40 % Date: 6/30/2000
Drawdown: -5.30 % Date: 5/31/2000
Drawdown: -4.07 % Date: 4/30/2000
Drawdown: -3.59 % Date: 3/31/2000
Drawdown: -5.04 % Date: 2/29/2000
Drawdown: -1.97 % Date: 1/31/2000
Drawdown: -3.66 % Date: 12/31/1999
Drawdown: 0.00 % Date: 11/30/1999
Drawdown: -3.55 % Date: 10/31/1999
Drawdown: -14.73 % Date: 9/30/1999
Drawdown: -9.17 % Date: 8/31/1999
Drawdown: -9.02 % Date: 7/31/1999
Drawdown: -5.58 % Date: 6/30/1999
Drawdown: -3.73 % Date: 5/31/1999
Drawdown: -8.58 % Date: 4/30/1999
Drawdown: 0.00 % Date: 3/31/1999
Drawdown: -4.24 % Date: 2/28/1999
Drawdown: 0.00 % Date: 1/31/1999
Drawdown: -1.51 % Date: 12/31/1998
Drawdown: 0.00 % Date: 11/30/1998
Drawdown: -4.54 % Date: 10/31/1998
Drawdown: -5.65 % Date: 9/30/1998
Drawdown: 0.00 % Date: 8/31/1998
Drawdown: 0.00 % Date: 7/31/1998
Drawdown: 0.00 % Date: 6/30/1998
Drawdown: 0.00 % Date: 5/31/1998
Drawdown: 0.00 % Date: 4/30/1998
Drawdown: -1.48 % Date: 3/31/1998
Drawdown: 0.00 % Date: 2/28/1998
Drawdown: 0.00 % Date: 1/31/1998
Drawdown: 0.00 % Date: 12/31/1997
Drawdown: 0.00 % Date: 11/30/1997
Drawdown: -4.30 % Date: 10/31/1997
Drawdown: -12.97 %
Note: All performance data is since program inception.

Underwater Curve

Unless denoted as an estimate, all returns are confirmed and relate to the composite returns of all accounts trading the Winton Futures Program and are sourced from Arthur Bell. For months marked in italics, an estimate for the composite is provided by the confirmed returns for a representative account within the composite, sourced from Citco. Performance of other accounts which started at different times may differ from the performance shown in the chart. Past performance is not indicative of future results.

Manager Information

Manager Name:  Winton Capital Management Ltd
Address: 27 Hammersmith Grove
City: London
State:
Zip: W6 One
Country: United Kingdom

Key People

Name:  David Winton Harding
Position:  Principal
Biography: 

David Harding, Chief Executive Officer - David has been at the forefront of systematic, scientific investment management for over 25 years and has started two of the world’s leading alternative investment companies: AHL and Winton. He founded Winton in 1997 in the continuing belief that there exist long-term rewards for scientific research into financial markets.


Name:  Nick Saunders
Position:  Managing Director
Biography: 

Nick Saunders, Chief Operating Officer - Nick began his career with Winton in 2011 as Head of Operations. In 2014, he took on the additional responsibility of overseeing Winton’s Execution group. In 2015 he was appointed as Chief Information Officer, and assumed his current role in 2017.


Name:  Stephen Mccauley
Position:  Managing Director
Biography: 

Stephen Mccauley, Research Principal - Stephen joined Winton’s Oxford research office in 2006 as Head of Currencies Research. Stephen was appointed Head of Research in 2013 and Research Principal in 2015. As a Research Principal, Stephen is responsible for directing Winton’s quantitative research effort.


Name:  Jonathan Duke
Position:  Managing Director
Biography: 

Jonathan Duke, Chief Risk Officer - Jonathan joined Winton in 2004. He was appointed Assistant CIO in 2008. In 2013 he became Head of Investment Systems, responsible for the preparation of the system, its implementation, and the oversight of its operation. In 2016 he was appointed Chief Risk Officer.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Forex Yes 
 Investment Methodology
 Technical Yes 
 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 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $50,000,000 
 Margin / Equity Ratio: 10% 
 Managed Account Availability: Closed