Transtrend B.V.

Diversified Trend Program - Enhanced Risk USD


Monthly Performance (%)

Date Range: 12/94 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -4.93 2.16 6.24 4.34   7.66 
2018 4.39 -8.51 -0.45 1.41 -0.37 2.05 0.72 3.88 -0.86 -6.65 -1.36 -1.10  -7.40 
2017 -2.20 4.38 -3.02 -2.12 -1.10 -3.89 0.94 5.07 -6.41 8.79 0.05 2.05  1.55 
2016 4.71 5.65 -1.89 -4.04 -3.23 7.54 2.91 -1.85 -1.30 -3.86 0.99 2.61  7.65 
2015 4.10 -1.01 2.03 -3.53 -3.01 -5.63 7.84 -6.25 5.02 -2.48 7.08 -5.24  -2.46 
2014 -3.25 1.04 0.63 1.50 3.33 0.96 -1.41 4.08 3.48 -2.06 6.91 1.44  17.48 
2013 0.17 -1.32 2.18 2.90 -4.58 -0.54 0.44 -2.53 -1.18 1.31 0.87 1.92  -0.61 
2012 1.09 2.31 -0.89 0.55 7.53 -5.27 4.04 -1.41 -3.07 -3.65 -0.34 0.50  0.73 
2011 -0.77 1.77 -2.14 2.85 -4.46 -2.59 1.89 -3.20 -2.00 -2.11 0.48 1.58  -8.65 
2010 -3.90 1.18 8.18 1.82 -4.58 -0.22 -0.86 2.75 3.59 3.91 -0.82 3.60  14.89 
2009 -0.27 0.76 -3.34 0.18 1.28 -1.10 -2.30 0.23 -0.93 -3.48 2.11 -4.79  -11.27 
2008 -0.48 5.55 1.33 0.59 3.28 3.03 -2.38 -1.38 4.95 7.12 2.57 2.29  29.38 
2007 1.64 -4.07 -3.24 5.69 6.84 3.65 -2.50 -2.44 7.81 9.02 -2.16 1.32  22.38 
2006 1.78 -2.26 0.89 1.94 -3.78 -1.26 -3.69 4.72 0.12 4.56 3.68 5.29  12.04 
2005 -4.35 2.74 2.03 -3.48 1.03 4.02 3.26 -0.49 1.80 -0.67 3.40 -3.00  5.99 
2004 2.08 4.95 -2.18 -3.17 -0.31 -2.35 -1.34 -0.42 1.63 3.20 8.97 1.71  12.82 
2003 5.18 4.03 -5.04 3.77 5.81 -2.45 -2.36 -0.09 -2.04 2.48 -0.69 0.22  8.48 
2002 -1.17 -0.69 2.00 -0.99 2.34 8.41 5.97 2.78 3.44 -2.72 -1.71 6.58  26.26 
2001 0.72 0.60 6.75 -1.48 1.29 -1.36 4.72 2.37 7.82 1.07 -3.12 4.86  26.36 
2000 1.55 -1.99 -2.29 0.14 2.52 -2.44 -0.77 1.81 0.62 2.54 5.97 4.47  12.40 
1999 -3.86 1.22 -2.77 3.11 -3.10 4.51 1.95 -2.51 0.63 -6.82 1.84 4.29  -2.21 
1998 0.25 0.21 2.79 -5.43 3.55 1.36 -4.75 19.57 1.93 0.86 -1.06 2.70  21.95 
1997 9.64 5.12 -2.17 -4.07 -0.62 0.20 19.27 1.02 1.87 -8.58 5.72 7.95  37.93 
1996 5.38 -6.65 -0.48 8.59 -4.40 -0.30 3.88 7.26 7.51 10.37 1.46 -3.12  31.68 
1995 -6.16 9.57 10.15 2.16 6.49 3.63 -3.70 -0.58 1.75 -3.81 2.07 5.70  29.09 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

On the basis of the Diversified Trend Program, a dynamic and diversified portfolio of investments is selected from a broad universe worldwide. These investments may include futures, swaps, and forward contracts on stock indices, single stocks and other equity related markets, bonds, interest rates, currencies, and commodities such as base and precious metals, agricultural, and energy products. The program looks for opportunities in outright markets as well as in combinations of different markets. The actual investment portfolio typically consists of more than 100 different positions. The program applies a trend following investment approach and aims to take advantage of price trends, irrespective of the direction of the markets. The advantage of financial instruments such as futures and forwards is that they provide for the possibility to take both long and short positions and hence to potentially benefit from both rising and declining markets.

Performance Statistics

Date Range: 12/94 - 04/19
  Program S&P 500 Altegris 40 
Total Return 1243.05% 939.46% 275.47% 
Annualized Return 11.27% 10.06% 5.57% 
Annualized Std. Deviation 13.88% 14.54% 10.25% 
Correlation 0.00 0.81 
Sharpe Ratio (rf=2.5%) 0.63 0.52 0.30 
Worst Month -8.58% -16.79% -7.77% 
Date of Worst Month 10/1997 10/2008 11/2001 
Worst Drawdown -15.67% -50.95% -15.74% 
Date of Worst Drawdown 1/18 - 1/19 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 12/94 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 7.66 18.24 5.17 
2018 -7.40 -4.38 -4.29 
2017 1.55 21.84 1.24 
2016 7.65 11.98 -3.13 
2015 -2.46 1.41 0.09 
2014 17.48 13.69 15.75 
2013 -0.61 32.41 -2.45 
2012 0.73 15.98 -4.75 
2011 -8.65 2.12 -3.23 
2010 14.89 15.06 11.33 
2009 -11.27 26.45 -7.98 
2008 29.38 -36.99 15.47 
2007 22.38 5.50 7.18 
2006 12.04 15.79 6.70 
2005 5.99 4.89 4.51 
2004 12.82 10.87 2.57 
2003 8.48 28.69 15.99 
2002 26.26 -22.10 15.22 
2001 26.36 -11.88 5.39 
2000 12.40 -9.09 10.63 
1999 -2.21 21.04 0.87 
1998 21.95 28.58 12.61 
1997 37.93 33.38 10.22 
1996 31.68 22.96 16.04 
1995 29.09 37.57 13.16 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 12/94 - 04/19
Date: 4/30/2019
Perf: $3,820.77 Date: 3/31/2019
Perf: $3,718.51 Date: 2/28/2019
Perf: $3,589.65 Date: 1/31/2019
Perf: $3,566.82 Date: 12/31/2018
Perf: $3,632.94 Date: 11/30/2018
Perf: $3,617.74 Date: 10/31/2018
Perf: $3,661.68 Date: 9/30/2018
Perf: $3,754.42 Date: 8/31/2018
Perf: $3,771.39 Date: 7/31/2018
Perf: $3,677.61 Date: 6/30/2018
Perf: $3,705.40 Date: 5/31/2018
Perf: $3,674.53 Date: 4/30/2018
Perf: $3,722.56 Date: 3/31/2018
Perf: $3,682.78 Date: 2/28/2018
Perf: $3,686.10 Date: 1/31/2018
Perf: $3,925.56 Date: 12/31/2017
Perf: $3,795.74 Date: 11/30/2017
Perf: $3,754.82 Date: 10/31/2017
Perf: $3,749.94 Date: 9/30/2017
Perf: $3,599.14 Date: 8/31/2017
Perf: $3,676.72 Date: 7/31/2017
Perf: $3,616.68 Date: 6/30/2017
Perf: $3,602.63 Date: 5/31/2017
Perf: $3,710.99 Date: 4/30/2017
Perf: $3,703.95 Date: 3/31/2017
Perf: $3,726.31 Date: 2/28/2017
Perf: $3,781.52 Date: 1/31/2017
Perf: $3,700.84 Date: 12/31/2016
Perf: $3,749.21 Date: 11/30/2016
Perf: $3,720.93 Date: 10/31/2016
Perf: $3,762.31 Date: 9/30/2016
Perf: $3,861.95 Date: 8/31/2016
Perf: $3,912.42 Date: 7/31/2016
Perf: $4,020.57 Date: 6/30/2016
Perf: $3,979.98 Date: 5/31/2016
Perf: $3,817.73 Date: 4/30/2016
Perf: $3,885.73 Date: 3/31/2016
Perf: $3,985.77 Date: 2/29/2016
Perf: $4,103.54 Date: 1/31/2016
Perf: $4,005.02 Date: 12/31/2015
Perf: $3,870.33 Date: 11/30/2015
Perf: $3,961.44 Date: 10/31/2015
Perf: $3,830.81 Date: 9/30/2015
Perf: $3,898.65 Date: 8/31/2015
Perf: $3,815.84 Date: 7/31/2015
Perf: $3,883.02 Date: 6/30/2015
Perf: $3,736.91 Date: 5/31/2015
Perf: $3,941.89 Date: 4/30/2015
Perf: $3,970.47 Date: 3/31/2015
Perf: $4,129.89 Date: 2/28/2015
Perf: $4,040.59 Date: 1/31/2015
Perf: $4,047.07 Date: 12/31/2014
Perf: $3,866.87 Date: 11/30/2014
Perf: $3,799.99 Date: 10/31/2014
Perf: $3,586.59 Date: 9/30/2014
Perf: $3,534.63 Date: 8/31/2014
Perf: $3,482.74 Date: 7/31/2014
Perf: $3,341.39 Date: 6/30/2014
Perf: $3,368.34 Date: 5/31/2014
Perf: $3,339.62 Date: 4/30/2014
Perf: $3,256.26 Date: 3/31/2014
Perf: $3,231.70 Date: 2/28/2014
Perf: $3,280.25 Date: 1/31/2014
Perf: $3,253.57 Date: 12/31/2013
Perf: $3,340.76 Date: 11/30/2013
Perf: $3,345.45 Date: 10/31/2013
Perf: $3,285.97 Date: 9/30/2013
Perf: $3,212.41 Date: 8/31/2013
Perf: $3,231.80 Date: 7/31/2013
Perf: $3,295.06 Date: 6/30/2013
Perf: $3,323.98 Date: 5/31/2013
Perf: $3,454.92 Date: 4/30/2013
Perf: $3,610.16 Date: 3/31/2013
Perf: $3,519.36 Date: 2/28/2013
Perf: $3,469.40 Date: 1/31/2013
Perf: $3,489.64 Date: 12/31/2012
Perf: $3,424.57 Date: 11/30/2012
Perf: $3,407.87 Date: 10/31/2012
Perf: $3,398.36 Date: 9/30/2012
Perf: $3,526.00 Date: 8/31/2012
Perf: $3,585.15 Date: 7/31/2012
Perf: $3,634.58 Date: 6/30/2012
Perf: $3,491.77 Date: 5/31/2012
Perf: $3,628.19 Date: 4/30/2012
Perf: $3,560.54 Date: 3/31/2012
Perf: $3,539.31 Date: 2/29/2012
Perf: $3,621.51 Date: 1/31/2012
Perf: $3,606.73 Date: 12/31/2011
Perf: $3,595.22 Date: 11/30/2011
Perf: $3,561.04 Date: 10/31/2011
Perf: $3,550.38 Date: 9/30/2011
Perf: $3,696.78 Date: 8/31/2011
Perf: $3,699.00 Date: 7/31/2011
Perf: $3,706.41 Date: 6/30/2011
Perf: $3,577.96 Date: 5/31/2011
Perf: $3,673.47 Date: 4/30/2011
Perf: $3,812.63 Date: 3/31/2011
Perf: $3,669.52 Date: 2/28/2011
Perf: $3,726.54 Date: 1/31/2011
Perf: $3,664.24 Date: 12/31/2010
Perf: $3,715.14 Date: 11/30/2010
Perf: $3,562.32 Date: 10/31/2010
Perf: $3,693.05 Date: 9/30/2010
Perf: $3,555.11 Date: 8/31/2010
Perf: $3,491.57 Date: 7/31/2010
Perf: $3,352.76 Date: 6/30/2010
Perf: $3,396.58 Date: 5/31/2010
Perf: $3,383.72 Date: 4/30/2010
Perf: $3,467.64 Date: 3/31/2010
Perf: $3,415.05 Date: 2/28/2010
Perf: $3,284.65 Date: 1/31/2010
Perf: $3,254.06 Date: 12/31/2009
Perf: $3,337.15 Date: 11/30/2009
Perf: $3,476.20 Date: 10/31/2009
Perf: $3,341.54 Date: 9/30/2009
Perf: $3,429.33 Date: 8/31/2009
Perf: $3,349.61 Date: 7/31/2009
Perf: $3,338.59 Date: 6/30/2009
Perf: $3,342.27 Date: 5/31/2009
Perf: $3,433.60 Date: 4/30/2009
Perf: $3,386.86 Date: 3/31/2009
Perf: $3,501.35 Date: 2/28/2009
Perf: $3,601.11 Date: 1/31/2009
Perf: $3,602.91 Date: 12/31/2008
Perf: $3,626.48 Date: 11/30/2008
Perf: $3,535.61 Date: 10/31/2008
Perf: $3,410.45 Date: 9/30/2008
Perf: $3,243.41 Date: 8/31/2008
Perf: $3,236.62 Date: 7/31/2008
Perf: $3,325.41 Date: 6/30/2008
Perf: $3,485.38 Date: 5/31/2008
Perf: $3,394.75 Date: 4/30/2008
Perf: $3,326.23 Date: 3/31/2008
Perf: $3,364.92 Date: 2/29/2008
Perf: $3,379.79 Date: 1/31/2008
Perf: $3,197.84 Date: 12/31/2007
Perf: $3,140.68 Date: 11/30/2007
Perf: $3,147.92 Date: 10/31/2007
Perf: $3,168.51 Date: 9/30/2007
Perf: $3,037.59 Date: 8/31/2007
Perf: $2,902.06 Date: 7/31/2007
Perf: $3,014.51 Date: 6/30/2007
Perf: $3,110.62 Date: 5/31/2007
Perf: $3,023.25 Date: 4/30/2007
Perf: $2,919.04 Date: 3/31/2007
Perf: $2,801.38 Date: 2/28/2007
Perf: $2,868.51 Date: 1/31/2007
Perf: $2,980.27 Date: 12/31/2006
Perf: $2,930.16 Date: 11/30/2006
Perf: $2,834.36 Date: 10/31/2006
Perf: $2,766.58 Date: 9/30/2006
Perf: $2,736.48 Date: 8/31/2006
Perf: $2,765.79 Date: 7/31/2006
Perf: $2,735.16 Date: 6/30/2006
Perf: $2,776.25 Date: 5/31/2006
Perf: $2,814.81 Date: 4/30/2006
Perf: $2,891.44 Date: 3/31/2006
Perf: $2,822.56 Date: 2/28/2006
Perf: $2,748.89 Date: 1/31/2006
Perf: $2,798.71 Date: 12/31/2005
Perf: $2,746.26 Date: 11/30/2005
Perf: $2,796.88 Date: 10/31/2005
Perf: $2,681.83 Date: 9/30/2005
Perf: $2,677.55 Date: 8/31/2005
Perf: $2,636.94 Date: 7/31/2005
Perf: $2,622.78 Date: 6/30/2005
Perf: $2,621.20 Date: 5/31/2005
Perf: $2,534.77 Date: 4/30/2005
Perf: $2,458.79 Date: 3/31/2005
Perf: $2,520.54 Date: 2/28/2005
Perf: $2,534.74 Date: 1/31/2005
Perf: $2,517.37 Date: 12/31/2004
Perf: $2,627.73 Date: 11/30/2004
Perf: $2,619.09 Date: 10/31/2004
Perf: $2,484.67 Date: 9/30/2004
Perf: $2,402.50 Date: 8/31/2004
Perf: $2,370.50 Date: 7/31/2004
Perf: $2,386.97 Date: 6/30/2004
Perf: $2,414.50 Date: 5/31/2004
Perf: $2,496.90 Date: 4/30/2004
Perf: $2,537.24 Date: 3/31/2004
Perf: $2,705.52 Date: 2/29/2004
Perf: $2,732.30 Date: 1/31/2004
Perf: $2,586.42 Date: 12/31/2003
Perf: $2,561.83 Date: 11/30/2003
Perf: $2,455.51 Date: 10/31/2003
Perf: $2,462.89 Date: 9/30/2003
Perf: $2,408.70 Date: 8/31/2003
Perf: $2,419.83 Date: 7/31/2003
Perf: $2,397.30 Date: 6/30/2003
Perf: $2,452.73 Date: 5/31/2003
Perf: $2,515.88 Date: 4/30/2003
Perf: $2,376.38 Date: 3/31/2003
Perf: $2,341.96 Date: 2/28/2003
Perf: $2,484.04 Date: 1/31/2003
Perf: $2,344.10 Date: 12/31/2002
Perf: $2,208.71 Date: 11/30/2002
Perf: $2,081.92 Date: 10/31/2002
Perf: $2,141.01 Date: 9/30/2002
Perf: $2,257.97 Date: 8/31/2002
Perf: $2,158.47 Date: 7/31/2002
Perf: $2,107.67 Date: 6/30/2002
Perf: $2,000.83 Date: 5/31/2002
Perf: $1,838.32 Date: 4/30/2002
Perf: $1,791.91 Date: 3/31/2002
Perf: $1,835.22 Date: 2/28/2002
Perf: $1,840.56 Date: 1/31/2002
Perf: $1,893.97 Date: 12/31/2001
Perf: $1,916.97 Date: 11/30/2001
Perf: $1,877.36 Date: 10/31/2001
Perf: $2,035.52 Date: 9/30/2001
Perf: $1,951.23 Date: 8/31/2001
Perf: $1,892.92 Date: 7/31/2001
Perf: $1,837.97 Date: 6/30/2001
Perf: $1,833.93 Date: 5/31/2001
Perf: $1,854.33 Date: 4/30/2001
Perf: $1,853.78 Date: 3/31/2001
Perf: $1,975.46 Date: 2/28/2001
Perf: $1,855.24 Date: 1/31/2001
Perf: $1,837.79 Date: 12/31/2000
Perf: $1,818.87 Date: 11/30/2000
Perf: $1,680.56 Date: 10/31/2000
Perf: $1,581.55 Date: 9/30/2000
Perf: $1,549.18 Date: 8/31/2000
Perf: $1,576.61 Date: 7/31/2000
Perf: $1,544.79 Date: 6/30/2000
Perf: $1,572.46 Date: 5/31/2000
Perf: $1,597.22 Date: 4/30/2000
Perf: $1,575.63 Date: 3/31/2000
Perf: $1,599.79 Date: 2/29/2000
Perf: $1,640.47 Date: 1/31/2000
Perf: $1,659.05 Date: 12/31/1999
Perf: $1,644.09 Date: 11/30/1999
Perf: $1,623.15 Date: 10/31/1999
Perf: $1,592.27 Date: 9/30/1999
Perf: $1,665.90 Date: 8/31/1999
Perf: $1,660.09 Date: 7/31/1999
Perf: $1,650.19 Date: 6/30/1999
Perf: $1,663.16 Date: 5/31/1999
Perf: $1,621.01 Date: 4/30/1999
Perf: $1,648.38 Date: 3/31/1999
Perf: $1,599.28 Date: 2/28/1999
Perf: $1,612.34 Date: 1/31/1999
Perf: $1,582.74 Date: 12/31/1998
Perf: $1,629.84 Date: 11/30/1998
Perf: $1,592.42 Date: 10/31/1998
Perf: $1,622.11 Date: 9/30/1998
Perf: $1,628.62 Date: 8/31/1998
Perf: $1,558.94 Date: 7/31/1998
Perf: $1,444.40 Date: 6/30/1998
Perf: $1,441.37 Date: 5/31/1998
Perf: $1,439.64 Date: 4/30/1998
Perf: $1,403.98 Date: 3/31/1998
Perf: $1,462.02 Date: 2/28/1998
Perf: $1,445.11 Date: 1/31/1998
Perf: $1,456.47 Date: 12/31/1997
Perf: $1,447.36 Date: 11/30/1997
Perf: $1,409.58 Date: 10/31/1997
Perf: $1,390.12 Date: 9/30/1997
Perf: $1,398.79 Date: 8/31/1997
Perf: $1,381.38 Date: 7/31/1997
Perf: $1,450.43 Date: 6/30/1997
Perf: $1,355.79 Date: 5/31/1997
Perf: $1,340.24 Date: 4/30/1997
Perf: $1,362.87 Date: 3/31/1997
Perf: $1,395.52 Date: 2/28/1997
Perf: $1,397.06 Date: 1/31/1997
Perf: $1,364.45 Date: 12/31/1996
Perf: $1,313.11 Date: 11/30/1996
Perf: $1,343.74 Date: 10/31/1996
Perf: $1,255.25 Date: 9/30/1996
Perf: $1,161.19 Date: 8/31/1996
Perf: $1,111.30 Date: 7/31/1996
Perf: $1,115.20 Date: 6/30/1996
Perf: $1,144.73 Date: 5/31/1996
Perf: $1,133.17 Date: 4/30/1996
Perf: $1,160.56 Date: 3/31/1996
Perf: $1,102.99 Date: 2/29/1996
Perf: $1,096.74 Date: 1/31/1996
Perf: $1,166.86 Date: 12/31/1995
Perf: $1,131.56 Date: 11/30/1995
Perf: $1,082.94 Date: 10/31/1995
Perf: $1,065.04 Date: 9/30/1995
Perf: $1,063.98 Date: 8/31/1995
Perf: $1,091.26 Date: 7/31/1995
Perf: $1,077.90 Date: 6/30/1995
Perf: $1,099.44 Date: 5/31/1995
Perf: $1,123.72 Date: 4/30/1995
Perf: $1,111.16 Date: 3/31/1995
Perf: $1,091.62 Date: 2/28/1995
Perf: $1,008.61 Date: 1/31/1995
Perf: $973.00 Date: 12/31/1994
Perf: $1,000.00 Date: 4/30/2019
Perf: $10,243.02 Date: 3/31/2019
Perf: $9,844.32 Date: 2/28/2019
Perf: $9,656.98 Date: 1/31/2019
Perf: $9,356.63 Date: 12/31/2018
Perf: $8,662.74 Date: 11/30/2018
Perf: $9,522.64 Date: 10/31/2018
Perf: $9,332.26 Date: 9/30/2018
Perf: $10,017.45 Date: 8/31/2018
Perf: $9,960.68 Date: 7/31/2018
Perf: $9,646.21 Date: 6/30/2018
Perf: $9,300.24 Date: 5/31/2018
Perf: $9,242.94 Date: 4/30/2018
Perf: $9,025.42 Date: 3/31/2018
Perf: $8,991.26 Date: 2/28/2018
Perf: $9,225.59 Date: 1/31/2018
Perf: $9,579.05 Date: 12/31/2017
Perf: $9,059.92 Date: 11/30/2017
Perf: $8,960.46 Date: 10/31/2017
Perf: $8,693.57 Date: 9/30/2017
Perf: $8,495.62 Date: 8/31/2017
Perf: $8,324.14 Date: 7/31/2017
Perf: $8,298.42 Date: 6/30/2017
Perf: $8,130.92 Date: 5/31/2017
Perf: $8,080.82 Date: 4/30/2017
Perf: $7,968.46 Date: 3/31/2017
Perf: $7,887.22 Date: 2/28/2017
Perf: $7,877.77 Date: 1/31/2017
Perf: $7,576.97 Date: 12/31/2016
Perf: $7,435.69 Date: 11/30/2016
Perf: $7,291.32 Date: 10/31/2016
Perf: $7,031.17 Date: 9/30/2016
Perf: $7,161.51 Date: 8/31/2016
Perf: $7,160.07 Date: 7/31/2016
Perf: $7,150.06 Date: 6/30/2016
Perf: $6,895.61 Date: 5/31/2016
Perf: $6,877.73 Date: 4/30/2016
Perf: $6,756.12 Date: 3/31/2016
Perf: $6,729.88 Date: 2/29/2016
Perf: $6,302.56 Date: 1/31/2016
Perf: $6,310.77 Date: 12/31/2015
Perf: $6,640.12 Date: 11/30/2015
Perf: $6,746.71 Date: 10/31/2015
Perf: $6,726.53 Date: 9/30/2015
Perf: $6,203.00 Date: 8/31/2015
Perf: $6,360.10 Date: 7/31/2015
Perf: $6,768.22 Date: 6/30/2015
Perf: $6,629.01 Date: 5/31/2015
Perf: $6,760.16 Date: 4/30/2015
Perf: $6,674.06 Date: 3/31/2015
Perf: $6,610.60 Date: 2/28/2015
Perf: $6,716.72 Date: 1/31/2015
Perf: $6,351.51 Date: 12/31/2014
Perf: $6,547.95 Date: 11/30/2014
Perf: $6,564.36 Date: 10/31/2014
Perf: $6,392.41 Date: 9/30/2014
Perf: $6,240.15 Date: 8/31/2014
Perf: $6,328.75 Date: 7/31/2014
Perf: $6,085.34 Date: 6/30/2014
Perf: $6,170.49 Date: 5/31/2014
Perf: $6,045.35 Date: 4/30/2014
Perf: $5,906.55 Date: 3/31/2014
Perf: $5,863.16 Date: 2/28/2014
Perf: $5,814.32 Date: 1/31/2014
Perf: $5,560.22 Date: 12/31/2013
Perf: $5,759.49 Date: 11/30/2013
Perf: $5,617.37 Date: 10/31/2013
Perf: $5,451.12 Date: 9/30/2013
Perf: $5,211.39 Date: 8/31/2013
Perf: $5,052.74 Date: 7/31/2013
Perf: $5,203.64 Date: 6/30/2013
Perf: $4,951.60 Date: 5/31/2013
Perf: $5,018.86 Date: 4/30/2013
Perf: $4,904.10 Date: 3/31/2013
Perf: $4,811.24 Date: 2/28/2013
Perf: $4,637.34 Date: 1/31/2013
Perf: $4,575.12 Date: 12/31/2012
Perf: $4,349.80 Date: 11/30/2012
Perf: $4,310.58 Date: 10/31/2012
Perf: $4,285.72 Date: 9/30/2012
Perf: $4,366.50 Date: 8/31/2012
Perf: $4,256.68 Date: 7/31/2012
Perf: $4,163.01 Date: 6/30/2012
Perf: $4,105.94 Date: 5/31/2012
Perf: $3,943.47 Date: 4/30/2012
Perf: $4,195.62 Date: 3/31/2012
Perf: $4,222.22 Date: 2/29/2012
Perf: $4,087.74 Date: 1/31/2012
Perf: $3,918.46 Date: 12/31/2011
Perf: $3,750.44 Date: 11/30/2011
Perf: $3,712.57 Date: 10/31/2011
Perf: $3,720.76 Date: 9/30/2011
Perf: $3,354.15 Date: 8/31/2011
Perf: $3,607.78 Date: 7/31/2011
Perf: $3,814.93 Date: 6/30/2011
Perf: $3,893.97 Date: 5/31/2011
Perf: $3,960.11 Date: 4/30/2011
Perf: $4,005.37 Date: 3/31/2011
Perf: $3,890.22 Date: 2/28/2011
Perf: $3,888.66 Date: 1/31/2011
Perf: $3,759.70 Date: 12/31/2010
Perf: $3,672.66 Date: 11/30/2010
Perf: $3,442.69 Date: 10/31/2010
Perf: $3,442.35 Date: 9/30/2010
Perf: $3,316.01 Date: 8/31/2010
Perf: $3,044.44 Date: 7/31/2010
Perf: $3,188.23 Date: 6/30/2010
Perf: $2,979.38 Date: 5/31/2010
Perf: $3,143.80 Date: 4/30/2010
Perf: $3,416.80 Date: 3/31/2010
Perf: $3,363.65 Date: 2/28/2010
Perf: $3,172.36 Date: 1/31/2010
Perf: $3,076.97 Date: 12/31/2009
Perf: $3,191.88 Date: 11/30/2009
Perf: $3,131.45 Date: 10/31/2009
Perf: $2,954.19 Date: 9/30/2009
Perf: $3,010.18 Date: 8/31/2009
Perf: $2,901.94 Date: 7/31/2009
Perf: $2,800.83 Date: 6/30/2009
Perf: $2,603.97 Date: 5/31/2009
Perf: $2,598.77 Date: 4/30/2009
Perf: $2,461.19 Date: 3/31/2009
Perf: $2,246.23 Date: 2/28/2009
Perf: $2,065.31 Date: 1/31/2009
Perf: $2,311.48 Date: 12/31/2008
Perf: $2,524.28 Date: 11/30/2008
Perf: $2,497.80 Date: 10/31/2008
Perf: $2,691.01 Date: 9/30/2008
Perf: $3,234.00 Date: 8/31/2008
Perf: $3,550.34 Date: 7/31/2008
Perf: $3,499.60 Date: 6/30/2008
Perf: $3,529.24 Date: 5/31/2008
Perf: $3,854.15 Date: 4/30/2008
Perf: $3,804.68 Date: 3/31/2008
Perf: $3,628.00 Date: 2/29/2008
Perf: $3,643.67 Date: 1/31/2008
Perf: $3,766.07 Date: 12/31/2007
Perf: $4,006.45 Date: 11/30/2007
Perf: $4,034.29 Date: 10/31/2007
Perf: $4,210.28 Date: 9/30/2007
Perf: $4,144.38 Date: 8/31/2007
Perf: $3,994.97 Date: 7/31/2007
Perf: $3,935.93 Date: 6/30/2007
Perf: $4,061.85 Date: 5/31/2007
Perf: $4,130.41 Date: 4/30/2007
Perf: $3,991.12 Date: 3/31/2007
Perf: $3,821.82 Date: 2/28/2007
Perf: $3,779.49 Date: 1/31/2007
Perf: $3,855.05 Date: 12/31/2006
Perf: $3,797.70 Date: 11/30/2006
Perf: $3,745.27 Date: 10/31/2006
Perf: $3,675.43 Date: 9/30/2006
Perf: $3,559.40 Date: 8/31/2006
Perf: $3,469.87 Date: 7/31/2006
Perf: $3,389.21 Date: 6/30/2006
Perf: $3,368.33 Date: 5/31/2006
Perf: $3,363.62 Date: 4/30/2006
Perf: $3,463.36 Date: 3/31/2006
Perf: $3,417.57 Date: 2/28/2006
Perf: $3,375.71 Date: 1/31/2006
Perf: $3,366.62 Date: 12/31/2005
Perf: $3,279.71 Date: 11/30/2005
Perf: $3,278.72 Date: 10/31/2005
Perf: $3,159.30 Date: 9/30/2005
Perf: $3,212.96 Date: 8/31/2005
Perf: $3,187.14 Date: 7/31/2005
Perf: $3,216.41 Date: 6/30/2005
Perf: $3,101.05 Date: 5/31/2005
Perf: $3,096.72 Date: 4/30/2005
Perf: $3,001.28 Date: 3/31/2005
Perf: $3,059.41 Date: 2/28/2005
Perf: $3,114.53 Date: 1/31/2005
Perf: $3,050.47 Date: 12/31/2004
Perf: $3,126.77 Date: 11/30/2004
Perf: $3,023.95 Date: 10/31/2004
Perf: $2,906.25 Date: 9/30/2004
Perf: $2,862.45 Date: 8/31/2004
Perf: $2,831.87 Date: 7/31/2004
Perf: $2,820.59 Date: 6/30/2004
Perf: $2,917.14 Date: 5/31/2004
Perf: $2,861.63 Date: 4/30/2004
Perf: $2,822.95 Date: 3/31/2004
Perf: $2,867.98 Date: 2/29/2004
Perf: $2,911.95 Date: 1/31/2004
Perf: $2,872.03 Date: 12/31/2003
Perf: $2,820.14 Date: 11/30/2003
Perf: $2,679.72 Date: 10/31/2003
Perf: $2,656.35 Date: 9/30/2003
Perf: $2,514.05 Date: 8/31/2003
Perf: $2,540.99 Date: 7/31/2003
Perf: $2,492.38 Date: 6/30/2003
Perf: $2,449.28 Date: 5/31/2003
Perf: $2,418.32 Date: 4/30/2003
Perf: $2,297.26 Date: 3/31/2003
Perf: $2,122.37 Date: 2/28/2003
Perf: $2,101.98 Date: 1/31/2003
Perf: $2,133.99 Date: 12/31/2002
Perf: $2,191.41 Date: 11/30/2002
Perf: $2,328.07 Date: 10/31/2002
Perf: $2,198.57 Date: 9/30/2002
Perf: $2,020.75 Date: 8/31/2002
Perf: $2,267.19 Date: 7/31/2002
Perf: $2,252.32 Date: 6/30/2002
Perf: $2,442.87 Date: 5/31/2002
Perf: $2,630.13 Date: 4/30/2002
Perf: $2,649.74 Date: 3/31/2002
Perf: $2,820.67 Date: 2/28/2002
Perf: $2,718.46 Date: 1/31/2002
Perf: $2,771.96 Date: 12/31/2001
Perf: $2,813.03 Date: 11/30/2001
Perf: $2,788.49 Date: 10/31/2001
Perf: $2,589.85 Date: 9/30/2001
Perf: $2,541.31 Date: 8/31/2001
Perf: $2,764.70 Date: 7/31/2001
Perf: $2,949.32 Date: 6/30/2001
Perf: $2,978.51 Date: 5/31/2001
Perf: $3,052.69 Date: 4/30/2001
Perf: $3,032.38 Date: 3/31/2001
Perf: $2,813.75 Date: 2/28/2001
Perf: $3,004.22 Date: 1/31/2001
Perf: $3,305.70 Date: 12/31/2000
Perf: $3,192.37 Date: 11/30/2000
Perf: $3,176.80 Date: 10/31/2000
Perf: $3,448.55 Date: 9/30/2000
Perf: $3,463.09 Date: 8/31/2000
Perf: $3,656.13 Date: 7/31/2000
Perf: $3,442.36 Date: 6/30/2000
Perf: $3,496.92 Date: 5/31/2000
Perf: $3,412.62 Date: 4/30/2000
Perf: $3,484.05 Date: 3/31/2000
Perf: $3,592.17 Date: 2/29/2000
Perf: $3,272.15 Date: 1/31/2000
Perf: $3,335.19 Date: 12/31/1999
Perf: $3,511.47 Date: 11/30/1999
Perf: $3,316.14 Date: 10/31/1999
Perf: $3,250.17 Date: 9/30/1999
Perf: $3,056.68 Date: 8/31/1999
Perf: $3,142.79 Date: 7/31/1999
Perf: $3,158.27 Date: 6/30/1999
Perf: $3,259.98 Date: 5/31/1999
Perf: $3,088.56 Date: 4/30/1999
Perf: $3,163.21 Date: 3/31/1999
Perf: $3,045.36 Date: 2/28/1999
Perf: $2,928.23 Date: 1/31/1999
Perf: $3,022.22 Date: 12/31/1998
Perf: $2,900.96 Date: 11/30/1998
Perf: $2,742.97 Date: 10/31/1998
Perf: $2,586.24 Date: 9/30/1998
Perf: $2,391.79 Date: 8/31/1998
Perf: $2,247.71 Date: 7/31/1998
Perf: $2,627.67 Date: 6/30/1998
Perf: $2,655.82 Date: 5/31/1998
Perf: $2,552.20 Date: 4/30/1998
Perf: $2,596.87 Date: 3/31/1998
Perf: $2,570.90 Date: 2/28/1998
Perf: $2,445.68 Date: 1/31/1998
Perf: $2,281.21 Date: 12/31/1997
Perf: $2,256.16 Date: 11/30/1997
Perf: $2,218.02 Date: 10/31/1997
Perf: $2,119.87 Date: 9/30/1997
Perf: $2,193.12 Date: 8/31/1997
Perf: $2,079.18 Date: 7/31/1997
Perf: $2,202.52 Date: 6/30/1997
Perf: $2,040.12 Date: 5/31/1997
Perf: $1,952.65 Date: 4/30/1997
Perf: $1,840.56 Date: 3/31/1997
Perf: $1,736.86 Date: 2/28/1997
Perf: $1,811.31 Date: 1/31/1997
Perf: $1,797.29 Date: 12/31/1996
Perf: $1,691.57 Date: 11/30/1996
Perf: $1,725.74 Date: 10/31/1996
Perf: $1,604.44 Date: 9/30/1996
Perf: $1,561.35 Date: 8/31/1996
Perf: $1,478.13 Date: 7/31/1996
Perf: $1,447.59 Date: 6/30/1996
Perf: $1,514.53 Date: 5/31/1996
Perf: $1,508.79 Date: 4/30/1996
Perf: $1,470.85 Date: 3/31/1996
Perf: $1,449.54 Date: 2/29/1996
Perf: $1,435.75 Date: 1/31/1996
Perf: $1,422.53 Date: 12/31/1995
Perf: $1,375.75 Date: 11/30/1995
Perf: $1,349.70 Date: 10/31/1995
Perf: $1,292.94 Date: 9/30/1995
Perf: $1,297.61 Date: 8/31/1995
Perf: $1,245.07 Date: 7/31/1995
Perf: $1,241.97 Date: 6/30/1995
Perf: $1,202.06 Date: 5/31/1995
Perf: $1,174.80 Date: 4/30/1995
Perf: $1,129.62 Date: 3/31/1995
Perf: $1,097.35 Date: 2/28/1995
Perf: $1,065.91 Date: 1/31/1995
Perf: $1,025.90 Date: 12/31/1994
Perf: $1,000.00 Date: 4/30/2019
Perf: $13,430.54 Date: 3/31/2019
Perf: $12,871.90 Date: 2/28/2019
Perf: $12,115.87 Date: 1/31/2019
Perf: $11,859.70 Date: 12/31/2018
Perf: $12,474.70 Date: 11/30/2018
Perf: $12,613.45 Date: 10/31/2018
Perf: $12,787.36 Date: 9/30/2018
Perf: $13,698.30 Date: 8/31/2018
Perf: $13,817.12 Date: 7/31/2018
Perf: $13,301.04 Date: 6/30/2018
Perf: $13,205.96 Date: 5/31/2018
Perf: $12,940.68 Date: 4/30/2018
Perf: $12,988.73 Date: 3/31/2018
Perf: $12,808.14 Date: 2/28/2018
Perf: $12,866.04 Date: 1/31/2018
Perf: $14,062.78 Date: 12/31/2017
Perf: $13,471.39 Date: 11/30/2017
Perf: $13,200.77 Date: 10/31/2017
Perf: $13,194.17 Date: 9/30/2017
Perf: $12,128.11 Date: 8/31/2017
Perf: $12,958.77 Date: 7/31/2017
Perf: $12,333.46 Date: 6/30/2017
Perf: $12,218.61 Date: 5/31/2017
Perf: $12,713.15 Date: 4/30/2017
Perf: $12,854.55 Date: 3/31/2017
Perf: $13,132.97 Date: 2/28/2017
Perf: $13,541.93 Date: 1/31/2017
Perf: $12,973.69 Date: 12/31/2016
Perf: $13,265.53 Date: 11/30/2016
Perf: $12,928.11 Date: 10/31/2016
Perf: $12,801.37 Date: 9/30/2016
Perf: $13,315.34 Date: 8/31/2016
Perf: $13,490.72 Date: 7/31/2016
Perf: $13,745.01 Date: 6/30/2016
Perf: $13,356.34 Date: 5/31/2016
Perf: $12,419.88 Date: 4/30/2016
Perf: $12,834.43 Date: 3/31/2016
Perf: $13,374.77 Date: 2/29/2016
Perf: $13,632.42 Date: 1/31/2016
Perf: $12,903.38 Date: 12/31/2015
Perf: $12,322.97 Date: 11/30/2015
Perf: $13,004.40 Date: 10/31/2015
Perf: $12,144.57 Date: 9/30/2015
Perf: $12,453.41 Date: 8/31/2015
Perf: $11,858.13 Date: 7/31/2015
Perf: $12,648.67 Date: 6/30/2015
Perf: $11,729.11 Date: 5/31/2015
Perf: $12,428.86 Date: 4/30/2015
Perf: $12,814.57 Date: 3/31/2015
Perf: $13,283.48 Date: 2/28/2015
Perf: $13,019.19 Date: 1/31/2015
Perf: $13,152.03 Date: 12/31/2014
Perf: $12,634.03 Date: 11/30/2014
Perf: $12,454.68 Date: 10/31/2014
Perf: $11,649.69 Date: 9/30/2014
Perf: $11,894.72 Date: 8/31/2014
Perf: $11,494.71 Date: 7/31/2014
Perf: $11,044.11 Date: 6/30/2014
Perf: $11,202.06 Date: 5/31/2014
Perf: $11,095.54 Date: 4/30/2014
Perf: $10,737.96 Date: 3/31/2014
Perf: $10,579.28 Date: 2/28/2014
Perf: $10,513.04 Date: 1/31/2014
Perf: $10,404.83 Date: 12/31/2013
Perf: $10,754.35 Date: 11/30/2013
Perf: $10,551.76 Date: 10/31/2013
Perf: $10,460.75 Date: 9/30/2013
Perf: $10,325.48 Date: 8/31/2013
Perf: $10,448.78 Date: 7/31/2013
Perf: $10,720.00 Date: 6/30/2013
Perf: $10,673.03 Date: 5/31/2013
Perf: $10,730.98 Date: 4/30/2013
Perf: $11,246.05 Date: 3/31/2013
Perf: $10,929.11 Date: 2/28/2013
Perf: $10,695.93 Date: 1/31/2013
Perf: $10,839.01 Date: 12/31/2012
Perf: $10,820.61 Date: 11/30/2012
Perf: $10,766.78 Date: 10/31/2012
Perf: $10,803.51 Date: 9/30/2012
Perf: $11,212.78 Date: 8/31/2012
Perf: $11,567.91 Date: 7/31/2012
Perf: $11,733.35 Date: 6/30/2012
Perf: $11,277.73 Date: 5/31/2012
Perf: $11,905.13 Date: 4/30/2012
Perf: $11,071.45 Date: 3/31/2012
Perf: $11,010.89 Date: 2/29/2012
Perf: $11,109.77 Date: 1/31/2012
Perf: $10,858.93 Date: 12/31/2011
Perf: $10,741.84 Date: 11/30/2011
Perf: $10,574.76 Date: 10/31/2011
Perf: $10,524.25 Date: 9/30/2011
Perf: $10,751.09 Date: 8/31/2011
Perf: $10,970.50 Date: 7/31/2011
Perf: $11,333.17 Date: 6/30/2011
Perf: $11,122.94 Date: 5/31/2011
Perf: $11,418.69 Date: 4/30/2011
Perf: $11,951.73 Date: 3/31/2011
Perf: $11,620.55 Date: 2/28/2011
Perf: $11,874.67 Date: 1/31/2011
Perf: $11,668.14 Date: 12/31/2010
Perf: $11,758.68 Date: 11/30/2010
Perf: $11,350.08 Date: 10/31/2010
Perf: $11,443.92 Date: 9/30/2010
Perf: $11,013.30 Date: 8/31/2010
Perf: $10,631.62 Date: 7/31/2010
Perf: $10,347.08 Date: 6/30/2010
Perf: $10,436.84 Date: 5/31/2010
Perf: $10,459.85 Date: 4/30/2010
Perf: $10,961.90 Date: 3/31/2010
Perf: $10,765.96 Date: 2/28/2010
Perf: $9,951.90 Date: 1/31/2010
Perf: $9,835.83 Date: 12/31/2009
Perf: $10,235.00 Date: 11/30/2009
Perf: $10,749.92 Date: 10/31/2009
Perf: $10,527.78 Date: 9/30/2009
Perf: $10,907.36 Date: 8/31/2009
Perf: $11,009.75 Date: 7/31/2009
Perf: $10,984.49 Date: 6/30/2009
Perf: $11,243.08 Date: 5/31/2009
Perf: $11,368.13 Date: 4/30/2009
Perf: $11,224.45 Date: 3/31/2009
Perf: $11,204.29 Date: 2/28/2009
Perf: $11,591.44 Date: 1/31/2009
Perf: $11,504.01 Date: 12/31/2008
Perf: $11,535.15 Date: 11/30/2008
Perf: $11,276.91 Date: 10/31/2008
Perf: $10,994.36 Date: 9/30/2008
Perf: $10,263.59 Date: 8/31/2008
Perf: $9,779.50 Date: 7/31/2008
Perf: $9,916.35 Date: 6/30/2008
Perf: $10,158.11 Date: 5/31/2008
Perf: $9,859.37 Date: 4/30/2008
Perf: $9,546.26 Date: 3/31/2008
Perf: $9,490.26 Date: 2/29/2008
Perf: $9,365.70 Date: 1/31/2008
Perf: $8,873.24 Date: 12/31/2007
Perf: $8,916.03 Date: 11/30/2007
Perf: $8,799.87 Date: 10/31/2007
Perf: $8,994.15 Date: 9/30/2007
Perf: $8,250.00 Date: 8/31/2007
Perf: $7,652.35 Date: 7/31/2007
Perf: $7,843.74 Date: 6/30/2007
Perf: $8,044.86 Date: 5/31/2007
Perf: $7,761.56 Date: 4/30/2007
Perf: $7,264.66 Date: 3/31/2007
Perf: $6,873.55 Date: 2/28/2007
Perf: $7,103.71 Date: 1/31/2007
Perf: $7,405.10 Date: 12/31/2006
Perf: $7,285.62 Date: 11/30/2006
Perf: $6,919.57 Date: 10/31/2006
Perf: $6,673.97 Date: 9/30/2006
Perf: $6,382.91 Date: 8/31/2006
Perf: $6,375.26 Date: 7/31/2006
Perf: $6,087.91 Date: 6/30/2006
Perf: $6,321.16 Date: 5/31/2006
Perf: $6,401.82 Date: 4/30/2006
Perf: $6,653.32 Date: 3/31/2006
Perf: $6,526.70 Date: 2/28/2006
Perf: $6,469.13 Date: 1/31/2006
Perf: $6,618.71 Date: 12/31/2005
Perf: $6,502.96 Date: 11/30/2005
Perf: $6,704.08 Date: 10/31/2005
Perf: $6,483.63 Date: 9/30/2005
Perf: $6,527.37 Date: 8/31/2005
Perf: $6,411.95 Date: 7/31/2005
Perf: $6,443.53 Date: 6/30/2005
Perf: $6,240.10 Date: 5/31/2005
Perf: $5,998.94 Date: 4/30/2005
Perf: $5,937.78 Date: 3/31/2005
Perf: $6,151.87 Date: 2/28/2005
Perf: $6,029.47 Date: 1/31/2005
Perf: $5,868.67 Date: 12/31/2004
Perf: $6,135.56 Date: 11/30/2004
Perf: $6,032.41 Date: 10/31/2004
Perf: $5,535.85 Date: 9/30/2004
Perf: $5,364.19 Date: 8/31/2004
Perf: $5,278.16 Date: 7/31/2004
Perf: $5,300.42 Date: 6/30/2004
Perf: $5,372.41 Date: 5/31/2004
Perf: $5,501.70 Date: 4/30/2004
Perf: $5,518.81 Date: 3/31/2004
Perf: $5,699.48 Date: 2/29/2004
Perf: $5,826.50 Date: 1/31/2004
Perf: $5,551.69 Date: 12/31/2003
Perf: $5,438.57 Date: 11/30/2003
Perf: $5,426.63 Date: 10/31/2003
Perf: $5,464.33 Date: 9/30/2003
Perf: $5,332.10 Date: 8/31/2003
Perf: $5,443.14 Date: 7/31/2003
Perf: $5,448.04 Date: 6/30/2003
Perf: $5,579.72 Date: 5/31/2003
Perf: $5,719.86 Date: 4/30/2003
Perf: $5,405.78 Date: 3/31/2003
Perf: $5,209.39 Date: 2/28/2003
Perf: $5,485.88 Date: 1/31/2003
Perf: $5,273.36 Date: 12/31/2002
Perf: $5,013.65 Date: 11/30/2002
Perf: $4,704.12 Date: 10/31/2002
Perf: $4,785.96 Date: 9/30/2002
Perf: $4,919.78 Date: 8/31/2002
Perf: $4,756.17 Date: 7/31/2002
Perf: $4,627.52 Date: 6/30/2002
Perf: $4,366.82 Date: 5/31/2002
Perf: $4,028.06 Date: 4/30/2002
Perf: $3,935.96 Date: 3/31/2002
Perf: $3,975.32 Date: 2/28/2002
Perf: $3,897.37 Date: 1/31/2002
Perf: $3,924.45 Date: 12/31/2001
Perf: $3,970.91 Date: 11/30/2001
Perf: $3,786.87 Date: 10/31/2001
Perf: $3,908.82 Date: 9/30/2001
Perf: $3,867.44 Date: 8/31/2001
Perf: $3,586.94 Date: 7/31/2001
Perf: $3,503.90 Date: 6/30/2001
Perf: $3,345.97 Date: 5/31/2001
Perf: $3,392.10 Date: 4/30/2001
Perf: $3,348.90 Date: 3/31/2001
Perf: $3,399.21 Date: 2/28/2001
Perf: $3,184.27 Date: 1/31/2001
Perf: $3,165.28 Date: 12/31/2000
Perf: $3,142.65 Date: 11/30/2000
Perf: $3,008.19 Date: 10/31/2000
Perf: $2,838.71 Date: 9/30/2000
Perf: $2,768.40 Date: 8/31/2000
Perf: $2,751.34 Date: 7/31/2000
Perf: $2,702.43 Date: 6/30/2000
Perf: $2,723.40 Date: 5/31/2000
Perf: $2,791.51 Date: 4/30/2000
Perf: $2,722.89 Date: 3/31/2000
Perf: $2,719.08 Date: 2/29/2000
Perf: $2,782.81 Date: 1/31/2000
Perf: $2,839.31 Date: 12/31/1999
Perf: $2,795.98 Date: 11/30/1999
Perf: $2,680.96 Date: 10/31/1999
Perf: $2,632.52 Date: 9/30/1999
Perf: $2,825.20 Date: 8/31/1999
Perf: $2,807.52 Date: 7/31/1999
Perf: $2,879.80 Date: 6/30/1999
Perf: $2,824.72 Date: 5/31/1999
Perf: $2,702.82 Date: 4/30/1999
Perf: $2,789.29 Date: 3/31/1999
Perf: $2,705.16 Date: 2/28/1999
Perf: $2,782.22 Date: 1/31/1999
Perf: $2,748.69 Date: 12/31/1998
Perf: $2,859.05 Date: 11/30/1998
Perf: $2,783.88 Date: 10/31/1998
Perf: $2,813.71 Date: 9/30/1998
Perf: $2,789.72 Date: 8/31/1998
Perf: $2,736.90 Date: 7/31/1998
Perf: $2,288.95 Date: 6/30/1998
Perf: $2,403.10 Date: 5/31/1998
Perf: $2,370.85 Date: 4/30/1998
Perf: $2,289.57 Date: 3/31/1998
Perf: $2,421.04 Date: 2/28/1998
Perf: $2,355.32 Date: 1/31/1998
Perf: $2,350.39 Date: 12/31/1997
Perf: $2,344.52 Date: 11/30/1997
Perf: $2,171.86 Date: 10/31/1997
Perf: $2,054.35 Date: 9/30/1997
Perf: $2,247.16 Date: 8/31/1997
Perf: $2,205.91 Date: 7/31/1997
Perf: $2,183.64 Date: 6/30/1997
Perf: $1,830.83 Date: 5/31/1997
Perf: $1,827.18 Date: 4/30/1997
Perf: $1,838.58 Date: 3/31/1997
Perf: $1,916.58 Date: 2/28/1997
Perf: $1,959.10 Date: 1/31/1997
Perf: $1,863.68 Date: 12/31/1996
Perf: $1,699.81 Date: 11/30/1996
Perf: $1,754.56 Date: 10/31/1996
Perf: $1,729.31 Date: 9/30/1996
Perf: $1,566.83 Date: 8/31/1996
Perf: $1,457.38 Date: 7/31/1996
Perf: $1,358.73 Date: 6/30/1996
Perf: $1,307.98 Date: 5/31/1996
Perf: $1,311.92 Date: 4/30/1996
Perf: $1,372.30 Date: 3/31/1996
Perf: $1,263.75 Date: 2/29/1996
Perf: $1,269.84 Date: 1/31/1996
Perf: $1,360.30 Date: 12/31/1995
Perf: $1,290.85 Date: 11/30/1995
Perf: $1,221.24 Date: 10/31/1995
Perf: $1,196.48 Date: 9/30/1995
Perf: $1,243.87 Date: 8/31/1995
Perf: $1,222.47 Date: 7/31/1995
Perf: $1,229.61 Date: 6/30/1995
Perf: $1,276.85 Date: 5/31/1995
Perf: $1,232.12 Date: 4/30/1995
Perf: $1,157.03 Date: 3/31/1995
Perf: $1,132.57 Date: 2/28/1995
Perf: $1,028.20 Date: 1/31/1995
Perf: $938.40 Date: 12/31/1994
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 12/94 - 04/19
Date: 4/30/2019
Return: 4.34 % Date: 3/31/2019
Return: 6.24 % Date: 2/28/2019
Return: 2.16 % Date: 1/31/2019
Return: -4.93 % Date: 12/31/2018
Return: -1.10 % Date: 11/30/2018
Return: -1.36 % Date: 10/31/2018
Return: -6.65 % Date: 9/30/2018
Return: -0.86 % Date: 8/31/2018
Return: 3.88 % Date: 7/31/2018
Return: 0.72 % Date: 6/30/2018
Return: 2.05 % Date: 5/31/2018
Return: -0.37 % Date: 4/30/2018
Return: 1.41 % Date: 3/31/2018
Return: -0.45 % Date: 2/28/2018
Return: -8.51 % Date: 1/31/2018
Return: 4.39 % Date: 12/31/2017
Return: 2.05 % Date: 11/30/2017
Return: 0.05 % Date: 10/31/2017
Return: 8.79 % Date: 9/30/2017
Return: -6.41 % Date: 8/31/2017
Return: 5.07 % Date: 7/31/2017
Return: 0.94 % Date: 6/30/2017
Return: -3.89 % Date: 5/31/2017
Return: -1.10 % Date: 4/30/2017
Return: -2.12 % Date: 3/31/2017
Return: -3.02 % Date: 2/28/2017
Return: 4.38 % Date: 1/31/2017
Return: -2.20 % Date: 12/31/2016
Return: 2.61 % Date: 11/30/2016
Return: 0.99 % Date: 10/31/2016
Return: -3.86 % Date: 9/30/2016
Return: -1.30 % Date: 8/31/2016
Return: -1.85 % Date: 7/31/2016
Return: 2.91 % Date: 6/30/2016
Return: 7.54 % Date: 5/31/2016
Return: -3.23 % Date: 4/30/2016
Return: -4.04 % Date: 3/31/2016
Return: -1.89 % Date: 2/29/2016
Return: 5.65 % Date: 1/31/2016
Return: 4.71 % Date: 12/31/2015
Return: -5.24 % Date: 11/30/2015
Return: 7.08 % Date: 10/31/2015
Return: -2.48 % Date: 9/30/2015
Return: 5.02 % Date: 8/31/2015
Return: -6.25 % Date: 7/31/2015
Return: 7.84 % Date: 6/30/2015
Return: -5.63 % Date: 5/31/2015
Return: -3.01 % Date: 4/30/2015
Return: -3.53 % Date: 3/31/2015
Return: 2.03 % Date: 2/28/2015
Return: -1.01 % Date: 1/31/2015
Return: 4.10 % Date: 12/31/2014
Return: 1.44 % Date: 11/30/2014
Return: 6.91 % Date: 10/31/2014
Return: -2.06 % Date: 9/30/2014
Return: 3.48 % Date: 8/31/2014
Return: 4.08 % Date: 7/31/2014
Return: -1.41 % Date: 6/30/2014
Return: 0.96 % Date: 5/31/2014
Return: 3.33 % Date: 4/30/2014
Return: 1.50 % Date: 3/31/2014
Return: 0.63 % Date: 2/28/2014
Return: 1.04 % Date: 1/31/2014
Return: -3.25 % Date: 12/31/2013
Return: 1.92 % Date: 11/30/2013
Return: 0.87 % Date: 10/31/2013
Return: 1.31 % Date: 9/30/2013
Return: -1.18 % Date: 8/31/2013
Return: -2.53 % Date: 7/31/2013
Return: 0.44 % Date: 6/30/2013
Return: -0.54 % Date: 5/31/2013
Return: -4.58 % Date: 4/30/2013
Return: 2.90 % Date: 3/31/2013
Return: 2.18 % Date: 2/28/2013
Return: -1.32 % Date: 1/31/2013
Return: 0.17 % Date: 12/31/2012
Return: 0.50 % Date: 11/30/2012
Return: -0.34 % Date: 10/31/2012
Return: -3.65 % Date: 9/30/2012
Return: -3.07 % Date: 8/31/2012
Return: -1.41 % Date: 7/31/2012
Return: 4.04 % Date: 6/30/2012
Return: -5.27 % Date: 5/31/2012
Return: 7.53 % Date: 4/30/2012
Return: 0.55 % Date: 3/31/2012
Return: -0.89 % Date: 2/29/2012
Return: 2.31 % Date: 1/31/2012
Return: 1.09 % Date: 12/31/2011
Return: 1.58 % Date: 11/30/2011
Return: 0.48 % Date: 10/31/2011
Return: -2.11 % Date: 9/30/2011
Return: -2.00 % Date: 8/31/2011
Return: -3.20 % Date: 7/31/2011
Return: 1.89 % Date: 6/30/2011
Return: -2.59 % Date: 5/31/2011
Return: -4.46 % Date: 4/30/2011
Return: 2.85 % Date: 3/31/2011
Return: -2.14 % Date: 2/28/2011
Return: 1.77 % Date: 1/31/2011
Return: -0.77 % Date: 12/31/2010
Return: 3.60 % Date: 11/30/2010
Return: -0.82 % Date: 10/31/2010
Return: 3.91 % Date: 9/30/2010
Return: 3.59 % Date: 8/31/2010
Return: 2.75 % Date: 7/31/2010
Return: -0.86 % Date: 6/30/2010
Return: -0.22 % Date: 5/31/2010
Return: -4.58 % Date: 4/30/2010
Return: 1.82 % Date: 3/31/2010
Return: 8.18 % Date: 2/28/2010
Return: 1.18 % Date: 1/31/2010
Return: -3.90 % Date: 12/31/2009
Return: -4.79 % Date: 11/30/2009
Return: 2.11 % Date: 10/31/2009
Return: -3.48 % Date: 9/30/2009
Return: -0.93 % Date: 8/31/2009
Return: 0.23 % Date: 7/31/2009
Return: -2.30 % Date: 6/30/2009
Return: -1.10 % Date: 5/31/2009
Return: 1.28 % Date: 4/30/2009
Return: 0.18 % Date: 3/31/2009
Return: -3.34 % Date: 2/28/2009
Return: 0.76 % Date: 1/31/2009
Return: -0.27 % Date: 12/31/2008
Return: 2.29 % Date: 11/30/2008
Return: 2.57 % Date: 10/31/2008
Return: 7.12 % Date: 9/30/2008
Return: 4.95 % Date: 8/31/2008
Return: -1.38 % Date: 7/31/2008
Return: -2.38 % Date: 6/30/2008
Return: 3.03 % Date: 5/31/2008
Return: 3.28 % Date: 4/30/2008
Return: 0.59 % Date: 3/31/2008
Return: 1.33 % Date: 2/29/2008
Return: 5.55 % Date: 1/31/2008
Return: -0.48 % Date: 12/31/2007
Return: 1.32 % Date: 11/30/2007
Return: -2.16 % Date: 10/31/2007
Return: 9.02 % Date: 9/30/2007
Return: 7.81 % Date: 8/31/2007
Return: -2.44 % Date: 7/31/2007
Return: -2.50 % Date: 6/30/2007
Return: 3.65 % Date: 5/31/2007
Return: 6.84 % Date: 4/30/2007
Return: 5.69 % Date: 3/31/2007
Return: -3.24 % Date: 2/28/2007
Return: -4.07 % Date: 1/31/2007
Return: 1.64 % Date: 12/31/2006
Return: 5.29 % Date: 11/30/2006
Return: 3.68 % Date: 10/31/2006
Return: 4.56 % Date: 9/30/2006
Return: 0.12 % Date: 8/31/2006
Return: 4.72 % Date: 7/31/2006
Return: -3.69 % Date: 6/30/2006
Return: -1.26 % Date: 5/31/2006
Return: -3.78 % Date: 4/30/2006
Return: 1.94 % Date: 3/31/2006
Return: 0.89 % Date: 2/28/2006
Return: -2.26 % Date: 1/31/2006
Return: 1.78 % Date: 12/31/2005
Return: -3.00 % Date: 11/30/2005
Return: 3.40 % Date: 10/31/2005
Return: -0.67 % Date: 9/30/2005
Return: 1.80 % Date: 8/31/2005
Return: -0.49 % Date: 7/31/2005
Return: 3.26 % Date: 6/30/2005
Return: 4.02 % Date: 5/31/2005
Return: 1.03 % Date: 4/30/2005
Return: -3.48 % Date: 3/31/2005
Return: 2.03 % Date: 2/28/2005
Return: 2.74 % Date: 1/31/2005
Return: -4.35 % Date: 12/31/2004
Return: 1.71 % Date: 11/30/2004
Return: 8.97 % Date: 10/31/2004
Return: 3.20 % Date: 9/30/2004
Return: 1.63 % Date: 8/31/2004
Return: -0.42 % Date: 7/31/2004
Return: -1.34 % Date: 6/30/2004
Return: -2.35 % Date: 5/31/2004
Return: -0.31 % Date: 4/30/2004
Return: -3.17 % Date: 3/31/2004
Return: -2.18 % Date: 2/29/2004
Return: 4.95 % Date: 1/31/2004
Return: 2.08 % Date: 12/31/2003
Return: 0.22 % Date: 11/30/2003
Return: -0.69 % Date: 10/31/2003
Return: 2.48 % Date: 9/30/2003
Return: -2.04 % Date: 8/31/2003
Return: -0.09 % Date: 7/31/2003
Return: -2.36 % Date: 6/30/2003
Return: -2.45 % Date: 5/31/2003
Return: 5.81 % Date: 4/30/2003
Return: 3.77 % Date: 3/31/2003
Return: -5.04 % Date: 2/28/2003
Return: 4.03 % Date: 1/31/2003
Return: 5.18 % Date: 12/31/2002
Return: 6.58 % Date: 11/30/2002
Return: -1.71 % Date: 10/31/2002
Return: -2.72 % Date: 9/30/2002
Return: 3.44 % Date: 8/31/2002
Return: 2.78 % Date: 7/31/2002
Return: 5.97 % Date: 6/30/2002
Return: 8.41 % Date: 5/31/2002
Return: 2.34 % Date: 4/30/2002
Return: -0.99 % Date: 3/31/2002
Return: 2.00 % Date: 2/28/2002
Return: -0.69 % Date: 1/31/2002
Return: -1.17 % Date: 12/31/2001
Return: 4.86 % Date: 11/30/2001
Return: -3.12 % Date: 10/31/2001
Return: 1.07 % Date: 9/30/2001
Return: 7.82 % Date: 8/31/2001
Return: 2.37 % Date: 7/31/2001
Return: 4.72 % Date: 6/30/2001
Return: -1.36 % Date: 5/31/2001
Return: 1.29 % Date: 4/30/2001
Return: -1.48 % Date: 3/31/2001
Return: 6.75 % Date: 2/28/2001
Return: 0.60 % Date: 1/31/2001
Return: 0.72 % Date: 12/31/2000
Return: 4.47 % Date: 11/30/2000
Return: 5.97 % Date: 10/31/2000
Return: 2.54 % Date: 9/30/2000
Return: 0.62 % Date: 8/31/2000
Return: 1.81 % Date: 7/31/2000
Return: -0.77 % Date: 6/30/2000
Return: -2.44 % Date: 5/31/2000
Return: 2.52 % Date: 4/30/2000
Return: 0.14 % Date: 3/31/2000
Return: -2.29 % Date: 2/29/2000
Return: -1.99 % Date: 1/31/2000
Return: 1.55 % Date: 12/31/1999
Return: 4.29 % Date: 11/30/1999
Return: 1.84 % Date: 10/31/1999
Return: -6.82 % Date: 9/30/1999
Return: 0.63 % Date: 8/31/1999
Return: -2.51 % Date: 7/31/1999
Return: 1.95 % Date: 6/30/1999
Return: 4.51 % Date: 5/31/1999
Return: -3.10 % Date: 4/30/1999
Return: 3.11 % Date: 3/31/1999
Return: -2.77 % Date: 2/28/1999
Return: 1.22 % Date: 1/31/1999
Return: -3.86 % Date: 12/31/1998
Return: 2.70 % Date: 11/30/1998
Return: -1.06 % Date: 10/31/1998
Return: 0.86 % Date: 9/30/1998
Return: 1.93 % Date: 8/31/1998
Return: 19.57 % Date: 7/31/1998
Return: -4.75 % Date: 6/30/1998
Return: 1.36 % Date: 5/31/1998
Return: 3.55 % Date: 4/30/1998
Return: -5.43 % Date: 3/31/1998
Return: 2.79 % Date: 2/28/1998
Return: 0.21 % Date: 1/31/1998
Return: 0.25 % Date: 12/31/1997
Return: 7.95 % Date: 11/30/1997
Return: 5.72 % Date: 10/31/1997
Return: -8.58 % Date: 9/30/1997
Return: 1.87 % Date: 8/31/1997
Return: 1.02 % Date: 7/31/1997
Return: 19.27 % Date: 6/30/1997
Return: 0.20 % Date: 5/31/1997
Return: -0.62 % Date: 4/30/1997
Return: -4.07 % Date: 3/31/1997
Return: -2.17 % Date: 2/28/1997
Return: 5.12 % Date: 1/31/1997
Return: 9.64 % Date: 12/31/1996
Return: -3.12 % Date: 11/30/1996
Return: 1.46 % Date: 10/31/1996
Return: 10.37 % Date: 9/30/1996
Return: 7.51 % Date: 8/31/1996
Return: 7.26 % Date: 7/31/1996
Return: 3.88 % Date: 6/30/1996
Return: -0.30 % Date: 5/31/1996
Return: -4.40 % Date: 4/30/1996
Return: 8.59 % Date: 3/31/1996
Return: -0.48 % Date: 2/29/1996
Return: -6.65 % Date: 1/31/1996
Return: 5.38 % Date: 12/31/1995
Return: 5.70 % Date: 11/30/1995
Return: 2.07 % Date: 10/31/1995
Return: -3.81 % Date: 9/30/1995
Return: 1.75 % Date: 8/31/1995
Return: -0.58 % Date: 7/31/1995
Return: -3.70 % Date: 6/30/1995
Return: 3.63 % Date: 5/31/1995
Return: 6.49 % Date: 4/30/1995
Return: 2.16 % Date: 3/31/1995
Return: 10.15 % Date: 2/28/1995
Return: 9.57 % Date: 1/31/1995
Return: -6.16 % Date: 12/31/1994
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 12/94 - 04/19
Return: 20.00 %
Count: 1 Return: -5.00 %
Count: 9 Return: 3.00 %
Count: 21 Return: -9.00 %
Count: 2 Return: 19.00 %
Count: 1 Return: -2.00 %
Count: 25 Return: -3.00 %
Count: 20 Return: 1.00 %
Count: 31 Return: 8.00 %
Count: 9 Return: 7.00 %
Count: 7 Return: 9.00 %
Count: 4 Return: -7.00 %
Count: 3 Return: 5.00 %
Count: 14 Return: -1.00 %
Count: 31 Return: -4.00 %
Count: 16 Return: 4.00 %
Count: 20 Return: 6.00 %
Count: 10 Return: 2.00 %
Count: 35 Return: 10.00 %
Count: 4 Return: -6.00 %
Count: 4 Return: 0.00 %
Count: 26
Note: All performance data is since program inception.

Underwater Curve

Date Range: 12/94 - 04/19
Date: 4/30/2019
Drawdown: -4.50 % Date: 3/31/2019
Drawdown: -8.47 % Date: 2/28/2019
Drawdown: -13.84 % Date: 1/31/2019
Drawdown: -15.67 % Date: 12/31/2018
Drawdown: -11.29 % Date: 11/30/2018
Drawdown: -10.31 % Date: 10/31/2018
Drawdown: -9.07 % Date: 9/30/2018
Drawdown: -2.59 % Date: 8/31/2018
Drawdown: -1.75 % Date: 7/31/2018
Drawdown: -5.42 % Date: 6/30/2018
Drawdown: -6.09 % Date: 5/31/2018
Drawdown: -7.98 % Date: 4/30/2018
Drawdown: -7.64 % Date: 3/31/2018
Drawdown: -8.92 % Date: 2/28/2018
Drawdown: -8.51 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -1.99 % Date: 11/30/2017
Drawdown: -3.96 % Date: 10/31/2017
Drawdown: -4.01 % Date: 9/30/2017
Drawdown: -11.76 % Date: 8/31/2017
Drawdown: -5.72 % Date: 7/31/2017
Drawdown: -10.27 % Date: 6/30/2017
Drawdown: -11.11 % Date: 5/31/2017
Drawdown: -7.51 % Date: 4/30/2017
Drawdown: -6.48 % Date: 3/31/2017
Drawdown: -4.45 % Date: 2/28/2017
Drawdown: -1.48 % Date: 1/31/2017
Drawdown: -5.61 % Date: 12/31/2016
Drawdown: -3.49 % Date: 11/30/2016
Drawdown: -5.94 % Date: 10/31/2016
Drawdown: -6.87 % Date: 9/30/2016
Drawdown: -3.13 % Date: 8/31/2016
Drawdown: -1.85 % Date: 7/31/2016
Drawdown: 0.00 % Date: 6/30/2016
Drawdown: -2.03 % Date: 5/31/2016
Drawdown: -8.89 % Date: 4/30/2016
Drawdown: -5.85 % Date: 3/31/2016
Drawdown: -1.89 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -2.86 % Date: 12/31/2015
Drawdown: -7.23 % Date: 11/30/2015
Drawdown: -2.10 % Date: 10/31/2015
Drawdown: -8.57 % Date: 9/30/2015
Drawdown: -6.25 % Date: 8/31/2015
Drawdown: -10.73 % Date: 7/31/2015
Drawdown: -4.78 % Date: 6/30/2015
Drawdown: -11.70 % Date: 5/31/2015
Drawdown: -6.43 % Date: 4/30/2015
Drawdown: -3.53 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -1.01 % 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: -2.53 % Date: 9/30/2014
Drawdown: -0.48 % Date: 8/31/2014
Drawdown: -3.82 % Date: 7/31/2014
Drawdown: -7.59 % Date: 6/30/2014
Drawdown: -6.27 % Date: 5/31/2014
Drawdown: -7.16 % Date: 4/30/2014
Drawdown: -10.16 % Date: 3/31/2014
Drawdown: -11.48 % Date: 2/28/2014
Drawdown: -12.04 % Date: 1/31/2014
Drawdown: -12.94 % Date: 12/31/2013
Drawdown: -10.02 % Date: 11/30/2013
Drawdown: -11.71 % Date: 10/31/2013
Drawdown: -12.48 % Date: 9/30/2013
Drawdown: -13.61 % Date: 8/31/2013
Drawdown: -12.58 % Date: 7/31/2013
Drawdown: -10.31 % Date: 6/30/2013
Drawdown: -10.70 % Date: 5/31/2013
Drawdown: -10.21 % Date: 4/30/2013
Drawdown: -5.90 % Date: 3/31/2013
Drawdown: -8.56 % Date: 2/28/2013
Drawdown: -10.51 % Date: 1/31/2013
Drawdown: -9.31 % Date: 12/31/2012
Drawdown: -9.46 % Date: 11/30/2012
Drawdown: -9.91 % Date: 10/31/2012
Drawdown: -9.61 % Date: 9/30/2012
Drawdown: -6.18 % Date: 8/31/2012
Drawdown: -3.21 % Date: 7/31/2012
Drawdown: -1.83 % Date: 6/30/2012
Drawdown: -5.64 % Date: 5/31/2012
Drawdown: -0.39 % Date: 4/30/2012
Drawdown: -7.37 % Date: 3/31/2012
Drawdown: -7.87 % Date: 2/29/2012
Drawdown: -7.04 % Date: 1/31/2012
Drawdown: -9.14 % Date: 12/31/2011
Drawdown: -10.12 % Date: 11/30/2011
Drawdown: -11.52 % Date: 10/31/2011
Drawdown: -11.94 % Date: 9/30/2011
Drawdown: -10.05 % Date: 8/31/2011
Drawdown: -8.21 % Date: 7/31/2011
Drawdown: -5.18 % Date: 6/30/2011
Drawdown: -6.93 % Date: 5/31/2011
Drawdown: -4.46 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -2.14 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -0.77 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -2.08 % Date: 10/31/2010
Drawdown: -1.27 % Date: 9/30/2010
Drawdown: -4.99 % Date: 8/31/2010
Drawdown: -8.28 % Date: 7/31/2010
Drawdown: -10.74 % Date: 6/30/2010
Drawdown: -9.96 % Date: 5/31/2010
Drawdown: -9.76 % Date: 4/30/2010
Drawdown: -5.43 % Date: 3/31/2010
Drawdown: -7.12 % Date: 2/28/2010
Drawdown: -14.14 % Date: 1/31/2010
Drawdown: -15.15 % Date: 12/31/2009
Drawdown: -11.70 % Date: 11/30/2009
Drawdown: -7.26 % Date: 10/31/2009
Drawdown: -9.18 % Date: 9/30/2009
Drawdown: -5.90 % Date: 8/31/2009
Drawdown: -5.02 % Date: 7/31/2009
Drawdown: -5.24 % Date: 6/30/2009
Drawdown: -3.01 % Date: 5/31/2009
Drawdown: -1.93 % Date: 4/30/2009
Drawdown: -3.17 % Date: 3/31/2009
Drawdown: -3.34 % Date: 2/28/2009
Drawdown: 0.00 % Date: 1/31/2009
Drawdown: -0.27 % 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: 0.00 % Date: 8/31/2008
Drawdown: -3.73 % Date: 7/31/2008
Drawdown: -2.38 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: 0.00 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -1.34 % Date: 12/31/2007
Drawdown: -0.87 % Date: 11/30/2007
Drawdown: -2.16 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: -4.88 % Date: 7/31/2007
Drawdown: -2.50 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: -1.90 % Date: 3/31/2007
Drawdown: -7.18 % Date: 2/28/2007
Drawdown: -4.07 % 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: -0.45 % Date: 9/30/2006
Drawdown: -4.79 % Date: 8/31/2006
Drawdown: -4.90 % Date: 7/31/2006
Drawdown: -9.19 % Date: 6/30/2006
Drawdown: -5.71 % Date: 5/31/2006
Drawdown: -4.51 % Date: 4/30/2006
Drawdown: -0.76 % Date: 3/31/2006
Drawdown: -2.65 % Date: 2/28/2006
Drawdown: -3.50 % Date: 1/31/2006
Drawdown: -1.27 % Date: 12/31/2005
Drawdown: -3.00 % Date: 11/30/2005
Drawdown: 0.00 % Date: 10/31/2005
Drawdown: -0.67 % Date: 9/30/2005
Drawdown: 0.00 % Date: 8/31/2005
Drawdown: -0.49 % Date: 7/31/2005
Drawdown: 0.00 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: -2.49 % Date: 4/30/2005
Drawdown: -3.48 % Date: 3/31/2005
Drawdown: 0.00 % Date: 2/28/2005
Drawdown: -1.73 % Date: 1/31/2005
Drawdown: -4.35 % Date: 12/31/2004
Drawdown: 0.00 % Date: 11/30/2004
Drawdown: 0.00 % Date: 10/31/2004
Drawdown: -4.99 % Date: 9/30/2004
Drawdown: -7.93 % Date: 8/31/2004
Drawdown: -9.41 % Date: 7/31/2004
Drawdown: -9.03 % Date: 6/30/2004
Drawdown: -7.79 % Date: 5/31/2004
Drawdown: -5.57 % Date: 4/30/2004
Drawdown: -5.28 % Date: 3/31/2004
Drawdown: -2.18 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: -2.94 % Date: 12/31/2003
Drawdown: -4.92 % Date: 11/30/2003
Drawdown: -5.13 % Date: 10/31/2003
Drawdown: -4.47 % Date: 9/30/2003
Drawdown: -6.78 % Date: 8/31/2003
Drawdown: -4.84 % Date: 7/31/2003
Drawdown: -4.75 % Date: 6/30/2003
Drawdown: -2.45 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: -1.46 % Date: 3/31/2003
Drawdown: -5.04 % 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: -4.38 % Date: 10/31/2002
Drawdown: -2.72 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: 0.00 % Date: 7/31/2002
Drawdown: 0.00 % Date: 6/30/2002
Drawdown: 0.00 % Date: 5/31/2002
Drawdown: 0.00 % Date: 4/30/2002
Drawdown: -0.99 % Date: 3/31/2002
Drawdown: 0.00 % Date: 2/28/2002
Drawdown: -1.85 % Date: 1/31/2002
Drawdown: -1.17 % Date: 12/31/2001
Drawdown: 0.00 % Date: 11/30/2001
Drawdown: -3.12 % Date: 10/31/2001
Drawdown: 0.00 % Date: 9/30/2001
Drawdown: 0.00 % Date: 8/31/2001
Drawdown: 0.00 % Date: 7/31/2001
Drawdown: 0.00 % Date: 6/30/2001
Drawdown: -1.57 % Date: 5/31/2001
Drawdown: -0.21 % Date: 4/30/2001
Drawdown: -1.48 % 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: 0.00 % Date: 10/31/2000
Drawdown: -1.43 % Date: 9/30/2000
Drawdown: -3.87 % Date: 8/31/2000
Drawdown: -4.46 % Date: 7/31/2000
Drawdown: -6.16 % Date: 6/30/2000
Drawdown: -5.43 % Date: 5/31/2000
Drawdown: -3.07 % Date: 4/30/2000
Drawdown: -5.45 % Date: 3/31/2000
Drawdown: -5.58 % Date: 2/29/2000
Drawdown: -3.37 % Date: 1/31/2000
Drawdown: -1.41 % Date: 12/31/1999
Drawdown: -2.91 % Date: 11/30/1999
Drawdown: -6.90 % Date: 10/31/1999
Drawdown: -8.59 % Date: 9/30/1999
Drawdown: -1.90 % Date: 8/31/1999
Drawdown: -2.51 % Date: 7/31/1999
Drawdown: 0.00 % Date: 6/30/1999
Drawdown: -1.20 % Date: 5/31/1999
Drawdown: -5.46 % Date: 4/30/1999
Drawdown: -2.44 % Date: 3/31/1999
Drawdown: -5.38 % Date: 2/28/1999
Drawdown: -2.69 % Date: 1/31/1999
Drawdown: -3.86 % Date: 12/31/1998
Drawdown: 0.00 % Date: 11/30/1998
Drawdown: -1.06 % Date: 10/31/1998
Drawdown: 0.00 % Date: 9/30/1998
Drawdown: 0.00 % Date: 8/31/1998
Drawdown: 0.00 % Date: 7/31/1998
Drawdown: -5.46 % Date: 6/30/1998
Drawdown: -0.74 % Date: 5/31/1998
Drawdown: -2.07 % Date: 4/30/1998
Drawdown: -5.43 % 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: -3.35 % Date: 10/31/1997
Drawdown: -8.58 % Date: 9/30/1997
Drawdown: 0.00 % Date: 8/31/1997
Drawdown: 0.00 % Date: 7/31/1997
Drawdown: 0.00 % Date: 6/30/1997
Drawdown: -6.55 % Date: 5/31/1997
Drawdown: -6.73 % Date: 4/30/1997
Drawdown: -6.15 % Date: 3/31/1997
Drawdown: -2.17 % Date: 2/28/1997
Drawdown: 0.00 % Date: 1/31/1997
Drawdown: 0.00 % Date: 12/31/1996
Drawdown: -3.12 % Date: 11/30/1996
Drawdown: 0.00 % Date: 10/31/1996
Drawdown: 0.00 % Date: 9/30/1996
Drawdown: 0.00 % Date: 8/31/1996
Drawdown: 0.00 % Date: 7/31/1996
Drawdown: -0.99 % Date: 6/30/1996
Drawdown: -4.69 % Date: 5/31/1996
Drawdown: -4.40 % Date: 4/30/1996
Drawdown: 0.00 % Date: 3/31/1996
Drawdown: -7.10 % Date: 2/29/1996
Drawdown: -6.65 % Date: 1/31/1996
Drawdown: 0.00 % Date: 12/31/1995
Drawdown: 0.00 % Date: 11/30/1995
Drawdown: -4.35 % Date: 10/31/1995
Drawdown: -6.29 % Date: 9/30/1995
Drawdown: -2.58 % Date: 8/31/1995
Drawdown: -4.26 % Date: 7/31/1995
Drawdown: -3.70 % Date: 6/30/1995
Drawdown: 0.00 % Date: 5/31/1995
Drawdown: 0.00 % Date: 4/30/1995
Drawdown: 0.00 % Date: 3/31/1995
Drawdown: 0.00 % Date: 2/28/1995
Drawdown: 0.00 % Date: 1/31/1995
Drawdown: -6.16 %
Note: All performance data is since program inception.

Underwater Curve

· The explanatory notes are an integral part of the performance data used. · For its Diversified Trend Program Transtrend provides compositized rates of return data of various subsets. · The composite rate of return reflects the pro forma net performance for the period divided by the beginning aggregate Nominal Account Size. Nominal Account Size means the account size agreed to by the client and Transtrend that establishes the level of trading. Accounts in which the Nominal Account Size exceeds the amount of the Actual Funds are Partially-Funded Accounts and such excess is defined as Notional Funds. Drawdown is expressed as a percentage of the aggregate Nominal Account Size and is based on month-end figures. Drawdowns are generally larger if intra-month figures are taken into account. · Up to July 2003, an adjusted beginning aggregate Nominal Account Size was calculated in certain months to take account of instructions to increase or decrease the Nominal Account Size of an individual account intra-month, although in certain instances the composite rate of return was calculated by excluding accounts with significant instructed increases and/or decreases of the Nominal Account Size which would materially distort the composite rate of return. As of July 2003, composite rates of return are calculated on a daily basis which compound to a monthly return. Thus, instructions to increase or decrease the Nominal Account Size of an individual account intra-month, are taken into account when they occur without distorting the monthly composite rate of return. · In order to aggregate and compare the performance of individual accounts a pro forma reporting format is used, i.e. a standardized format irrespective of specific terms and conditions that may govern individual accounts in practice. · The composite rate of return takes into account actual profits and losses, actual transaction costs, pro forma advisory fees (a monthly management fee of 0.25% and a performance fee of 25%; management fee is a hurdle rate for performance fee, no performance fee on pro forma interest income and a book entry reversal of performance fee in down months) and pro forma interest income. As Transtrend is not privy in all cases to the arrangements between Transtrend’s customers and their brokers, the amount of interest income actually earned by such accounts is estimated at a rate equal to 90% of the prevailing interest rate relevant to the underlying currency subset of the Diversified Trend Program. Before May 1, 2004, pro forma interest income was calculated at a rate equal to 90% of the relevant 3-month interest rate on the aggregate Nominal Account Size. As of May 1, 2004, the composite rate of return includes pro forma interest income at a rate equal to 90% of the relevant 3-month interest rate earned by such accounts on Actual Funds. As of September 1, 2008, pro forma interest income on Actual Funds is calculated at a rate equal to 90% of the relevant overnight interest rate. · A negative monthly composite rate of return is mitigated by a consistent book entry reversal of the accrued pro forma performance fees and, before May 1, 2004, by pro forma interest income on the aggregate Nominal Account Size instead of Actual Funds, irrespective whether the book entry reversal was actually effectuated or interest was actually received. A similar effect occurs for a positive monthly composite rate of return, where a consistent book entry of pro forma performance fees is made, irrespective whether the book entry was actually effectuated. The consistent book entry (reversal) of pro forma performance fees likely reduces the volatility of the composite rates of return in comparison to situations where performance fees are periodically settled. Periodic settlement of performance fees empties the performance fee reserve so that negative, or positive, rates of return occurring after the fixed settlement date will only be moderated by the give-back, or accrual, respectively, of the amount of newly built-up performance fees after this settlement date. Consistently giving back accrued pro forma performance fees in periods of negative rates of return may also result in an underestimation of drawdowns in comparison to situations where performance fees are periodically settled. · The rate of return on an individual account may deviate from the composite rate of return of the subset it is part of, e.g. because of differences in Nominal Account Size, portfolio composition or the amount of Actual Funds in relation to the Nominal Account Size. · Transtrend’s latest Disclosure Document is available upon request. It can also be retrieved from Transtrend’s website. The Disclosure Document contains composite performance tables for each subset. It also provides further explanations and itemizes principal risk factors. · Although Transtrend has exerted great care in creating this performance report, it cannot be held responsible for computational or clerical errors, nor for errors in transmission. THE VALUE OF YOUR INVESTMENT CAN FLUCTUATE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Manager Information

Manager Name:  Transtrend B.V.
Address: Weena 723, unit C5.070 P.O. Box444
City: Rotterdam
State:
Zip: 3000 AK
Country: Netherlands

Key People

Name:  Johannes "Joep" P.A. van den Broek
Position:  Principal
Biography: 

Johannes “Joep” P.A. van den Broek (born in 1969) graduated in August 1995 with a master’s degree in Business Economics from Erasmus University Rotterdam in The Netherlands. He joined Transtrend as a trader in December 1995. In October 1997, he was appointed Deputy Director (Trading) thereby becoming a member of Transtrend’s management team. Effective as of January 1, 1999, Mr. Van den Broek was appointed Managing Director of Transtrend. Mr. Van den Broek has been registered as an Associated Person of Transtrend since October 2, 1998, and listed as a Principal since January 22, 1999, and has been an associate member of the NFA since July 30, 1998. Since November 2003 and September 2007 respectively, Mr. Van den Broek has been serving as a director of Transtrend Fund Alliance and Transtrend Equity Strategies, two Luxembourg domiciled funds which retain Transtrend as their trading advisor. Since June 2009, Mr. Van den Broek has also been serving as a supervisory board member of KenTyde.


Name:  Harold M. de Boer
Position:  Principal
Biography: 

Harold M. de Boer (born in 1966) graduated in 1990 with a master’s degree in Applied Mathematics from the University of Twente in The Netherlands. In December 1989 he worked in conjunction with the predecessor of Transtrend (Nidera Handelscompagnie B.V., an international trading and agribusiness company) for his thesis titled “Cointegration in Commodity Futures Markets”. In April 1990, he joined the predecessor of Transtrend as a research analyst. In April 1992 he became responsible for Transtrend’s research department, and as of October 1997, he became a member of Transtrend’s management team with the title of Deputy Director (Research). Effective August 1, 1999, he was appointed a Director of Transtrend and effective March 1, 2007 he assumed the role of Managing Director of Transtrend. Mr. De Boer’s primary responsibility remains research and product development. Mr. De Boer has been listed as a Principal since November 15, 1999. Since June 2009, Mr. De Boer has also been serving as a supervisory board member of KenTyde.


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
 Technical Yes 
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Instruments Traded
 Forwards Yes 
 Futures Yes 
 Swaps Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $25,000,000 
 Margin / Equity Ratio: 15% 
 Managed Account Availability: Open