Mount Lucas Management LP

MLM Index (15V) *QEP*


Monthly Performance (%)

Date Range: 01/98 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -3.44 -1.70 3.70 -0.70   -2.26 
2018 2.18 -4.15 0.44 -0.63 -4.14 2.69 -2.48 2.43 1.47 -2.39 1.24 0.04  -3.58 
2017 -4.54 -0.30 -3.27 -1.88 1.42 -0.78 -1.30 -0.43 -0.71 0.96 0.04 3.09  -7.65 
2016 2.92 3.47 -6.28 -3.09 -0.90 6.57 2.16 -1.50 1.02 -7.04 -6.23 -1.53  -10.87 
2015 5.41 -5.08 6.52 -8.84 4.09 -6.60 8.01 1.00 3.61 -1.70 4.84 1.20  11.35 
2014 -0.90 -0.01 -3.43 2.22 -0.73 0.58 -0.09 1.88 6.90 2.16 7.22 7.65  25.31 
2013 -0.43 -2.96 -0.48 1.19 -4.32 0.69 0.64 1.15 -1.99 -0.75 2.76 1.94  -2.76 
2012 -0.15 -2.24 -1.23 1.38 4.36 -6.11 -2.66 -2.95 -4.77 -1.81 -0.40 -1.72  -17.19 
2011 1.43 -0.82 -2.51 5.16 -1.85 0.87 9.34 3.19 -4.16 -1.39 3.93 0.19  13.37 
2010 -2.59 0.96 3.82 1.41 -0.56 -2.32 -5.29 7.70 0.50 3.57 -4.66 7.12  9.05 
2009 3.61 1.75 -4.09 -5.25 -17.58 2.63 2.78 6.30 1.74 -1.41 3.98 -3.80  -11.17 
2008 3.69 8.35 -0.33 -1.53 2.19 3.51 -11.23 -8.32 2.05 23.38 9.23 3.90  35.64 
2007 -1.31 -0.88 -2.80 -0.02 0.17 0.35 -1.24 -5.41 4.93 3.37 -1.30 -0.27  -4.69 
2006 0.10 -1.71 1.84 -1.24 -3.85 -2.24 -3.73 -0.27 0.70 -2.81 0.12 2.28  -10.50 
2005 1.34 -2.36 -1.29 -2.83 0.37 2.03 -2.26 4.59 3.41 -4.42 1.82 1.26  1.25 
2004 2.42 11.13 6.27 -7.83 -5.32 -5.55 -1.54 -9.89 19.29 3.13 0.40 -7.19  1.40 
2003 8.44 5.11 -7.81 -1.95 -0.60 -2.98 -10.27 0.52 -5.15 10.87 3.22 5.16  2.30 
2002 1.87 -1.79 -17.11 0.08 -3.53 -0.46 -1.78 3.52 4.31 -4.43 -0.42 6.77  -14.11 
2001 -4.67 2.87 9.24 -4.61 2.10 0.12 -4.82 -2.20 2.59 1.77 -4.52 2.53  -0.61 
2000 -0.71 2.06 -4.91 -0.61 5.84 2.37 -0.43 8.58 -0.28 5.09 8.96 0.92  29.28 
1999 2.65 4.88 -13.79 2.09 -1.66 -1.56 3.80 -0.22 1.30 -3.61 -1.12 1.44  -6.95 
1998 0.22 3.44 2.29 1.93 0.59 2.16 11.28 -7.22 -0.86 3.84 2.55  21.07 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The MLM Index - Enhanced is designed to capture the returns available to a futures investor by utilizing an appropriate level of leverage. It is based on daily closing prices of the nearby contract month of a portfolio of the most active futures markets. Only highly liquid U.S. futures markets are currently included in the Index; the choice of markets for a calendar year is made in the December preceding the start of the year, and markets are not added to or deleted from the Index during a year. If a commodity is traded on more than one futures exchange, only the one with the largest open interest is included in the Index.

Performance Statistics

Date Range: 01/98 - 04/19
  Program S&P 500 Altegris 40 
Total Return 44.60% 354.00% 163.98% 
Annualized Return 1.75% 7.35% 4.66% 
Annualized Std. Deviation 16.33% 14.85% 9.96% 
Correlation -0.30 0.55 
Sharpe Ratio (rf=2.5%) -0.05 0.33 0.22 
Worst Month -17.58% -16.79% -7.77% 
Date of Worst Month 05/2009 10/2008 11/2001 
Worst Drawdown -33.14% -50.95% -15.74% 
Date of Worst Drawdown 3/01 - 8/07 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 01/98 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -2.26 18.24 5.17 
2018 -3.58 -4.38 -4.29 
2017 -7.65 21.84 1.24 
2016 -10.87 11.98 -3.13 
2015 11.35 1.41 0.09 
2014 25.31 13.69 15.75 
2013 -2.76 32.41 -2.45 
2012 -17.19 15.98 -4.75 
2011 13.37 2.12 -3.23 
2010 9.05 15.06 11.33 
2009 -11.17 26.45 -7.98 
2008 35.64 -36.99 15.47 
2007 -4.69 5.50 7.18 
2006 -10.50 15.79 6.70 
2005 1.25 4.89 4.51 
2004 1.40 10.87 2.57 
2003 2.30 28.69 15.99 
2002 -14.11 -22.10 15.22 
2001 -0.61 -11.88 5.39 
2000 29.28 -9.09 10.63 
1999 -6.95 21.04 0.87 
1998 21.07 27.17 11.90 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 01/98 - 04/19
Date: 4/30/2019
Perf: $2,623.30 Date: 3/31/2019
Perf: $2,553.09 Date: 2/28/2019
Perf: $2,464.61 Date: 1/31/2019
Perf: $2,448.94 Date: 12/31/2018
Perf: $2,494.34 Date: 11/30/2018
Perf: $2,483.90 Date: 10/31/2018
Perf: $2,514.07 Date: 9/30/2018
Perf: $2,577.74 Date: 8/31/2018
Perf: $2,589.40 Date: 7/31/2018
Perf: $2,525.01 Date: 6/30/2018
Perf: $2,544.09 Date: 5/31/2018
Perf: $2,522.90 Date: 4/30/2018
Perf: $2,555.87 Date: 3/31/2018
Perf: $2,528.56 Date: 2/28/2018
Perf: $2,530.84 Date: 1/31/2018
Perf: $2,695.25 Date: 12/31/2017
Perf: $2,606.12 Date: 11/30/2017
Perf: $2,578.02 Date: 10/31/2017
Perf: $2,574.67 Date: 9/30/2017
Perf: $2,471.13 Date: 8/31/2017
Perf: $2,524.39 Date: 7/31/2017
Perf: $2,483.17 Date: 6/30/2017
Perf: $2,473.53 Date: 5/31/2017
Perf: $2,547.93 Date: 4/30/2017
Perf: $2,543.09 Date: 3/31/2017
Perf: $2,558.44 Date: 2/28/2017
Perf: $2,596.35 Date: 1/31/2017
Perf: $2,540.96 Date: 12/31/2016
Perf: $2,574.17 Date: 11/30/2016
Perf: $2,554.75 Date: 10/31/2016
Perf: $2,583.16 Date: 9/30/2016
Perf: $2,651.57 Date: 8/31/2016
Perf: $2,686.23 Date: 7/31/2016
Perf: $2,760.48 Date: 6/30/2016
Perf: $2,732.61 Date: 5/31/2016
Perf: $2,621.21 Date: 4/30/2016
Perf: $2,667.90 Date: 3/31/2016
Perf: $2,736.59 Date: 2/29/2016
Perf: $2,817.45 Date: 1/31/2016
Perf: $2,749.80 Date: 12/31/2015
Perf: $2,657.33 Date: 11/30/2015
Perf: $2,719.88 Date: 10/31/2015
Perf: $2,630.19 Date: 9/30/2015
Perf: $2,676.77 Date: 8/31/2015
Perf: $2,619.92 Date: 7/31/2015
Perf: $2,666.04 Date: 6/30/2015
Perf: $2,565.72 Date: 5/31/2015
Perf: $2,706.46 Date: 4/30/2015
Perf: $2,726.08 Date: 3/31/2015
Perf: $2,835.54 Date: 2/28/2015
Perf: $2,774.23 Date: 1/31/2015
Perf: $2,778.67 Date: 12/31/2014
Perf: $2,654.95 Date: 11/30/2014
Perf: $2,609.03 Date: 10/31/2014
Perf: $2,462.51 Date: 9/30/2014
Perf: $2,426.84 Date: 8/31/2014
Perf: $2,391.21 Date: 7/31/2014
Perf: $2,294.17 Date: 6/30/2014
Perf: $2,312.67 Date: 5/31/2014
Perf: $2,292.95 Date: 4/30/2014
Perf: $2,235.71 Date: 3/31/2014
Perf: $2,218.85 Date: 2/28/2014
Perf: $2,252.18 Date: 1/31/2014
Perf: $2,233.87 Date: 12/31/2013
Perf: $2,293.73 Date: 11/30/2013
Perf: $2,296.95 Date: 10/31/2013
Perf: $2,256.11 Date: 9/30/2013
Perf: $2,205.60 Date: 8/31/2013
Perf: $2,218.92 Date: 7/31/2013
Perf: $2,262.35 Date: 6/30/2013
Perf: $2,282.21 Date: 5/31/2013
Perf: $2,372.11 Date: 4/30/2013
Perf: $2,478.70 Date: 3/31/2013
Perf: $2,416.35 Date: 2/28/2013
Perf: $2,382.05 Date: 1/31/2013
Perf: $2,395.95 Date: 12/31/2012
Perf: $2,351.27 Date: 11/30/2012
Perf: $2,339.81 Date: 10/31/2012
Perf: $2,333.28 Date: 9/30/2012
Perf: $2,420.91 Date: 8/31/2012
Perf: $2,461.53 Date: 7/31/2012
Perf: $2,495.47 Date: 6/30/2012
Perf: $2,397.41 Date: 5/31/2012
Perf: $2,491.08 Date: 4/30/2012
Perf: $2,444.63 Date: 3/31/2012
Perf: $2,430.05 Date: 2/29/2012
Perf: $2,486.49 Date: 1/31/2012
Perf: $2,476.34 Date: 12/31/2011
Perf: $2,468.44 Date: 11/30/2011
Perf: $2,444.97 Date: 10/31/2011
Perf: $2,437.66 Date: 9/30/2011
Perf: $2,538.17 Date: 8/31/2011
Perf: $2,539.69 Date: 7/31/2011
Perf: $2,544.78 Date: 6/30/2011
Perf: $2,456.59 Date: 5/31/2011
Perf: $2,522.17 Date: 4/30/2011
Perf: $2,617.71 Date: 3/31/2011
Perf: $2,519.45 Date: 2/28/2011
Perf: $2,558.60 Date: 1/31/2011
Perf: $2,515.83 Date: 12/31/2010
Perf: $2,550.78 Date: 11/30/2010
Perf: $2,445.85 Date: 10/31/2010
Perf: $2,535.61 Date: 9/30/2010
Perf: $2,440.90 Date: 8/31/2010
Perf: $2,397.27 Date: 7/31/2010
Perf: $2,301.97 Date: 6/30/2010
Perf: $2,332.05 Date: 5/31/2010
Perf: $2,323.23 Date: 4/30/2010
Perf: $2,380.84 Date: 3/31/2010
Perf: $2,344.73 Date: 2/28/2010
Perf: $2,255.20 Date: 1/31/2010
Perf: $2,234.20 Date: 12/31/2009
Perf: $2,291.25 Date: 11/30/2009
Perf: $2,386.72 Date: 10/31/2009
Perf: $2,294.26 Date: 9/30/2009
Perf: $2,354.54 Date: 8/31/2009
Perf: $2,299.80 Date: 7/31/2009
Perf: $2,292.24 Date: 6/30/2009
Perf: $2,294.76 Date: 5/31/2009
Perf: $2,357.47 Date: 4/30/2009
Perf: $2,325.38 Date: 3/31/2009
Perf: $2,403.99 Date: 2/28/2009
Perf: $2,472.48 Date: 1/31/2009
Perf: $2,473.72 Date: 12/31/2008
Perf: $2,489.90 Date: 11/30/2008
Perf: $2,427.51 Date: 10/31/2008
Perf: $2,341.58 Date: 9/30/2008
Perf: $2,226.89 Date: 8/31/2008
Perf: $2,222.23 Date: 7/31/2008
Perf: $2,283.19 Date: 6/30/2008
Perf: $2,393.03 Date: 5/31/2008
Perf: $2,330.80 Date: 4/30/2008
Perf: $2,283.75 Date: 3/31/2008
Perf: $2,310.32 Date: 2/29/2008
Perf: $2,320.53 Date: 1/31/2008
Perf: $2,195.60 Date: 12/31/2007
Perf: $2,156.35 Date: 11/30/2007
Perf: $2,161.33 Date: 10/31/2007
Perf: $2,175.47 Date: 9/30/2007
Perf: $2,085.58 Date: 8/31/2007
Perf: $1,992.53 Date: 7/31/2007
Perf: $2,069.73 Date: 6/30/2007
Perf: $2,135.72 Date: 5/31/2007
Perf: $2,075.73 Date: 4/30/2007
Perf: $2,004.18 Date: 3/31/2007
Perf: $1,923.40 Date: 2/28/2007
Perf: $1,969.49 Date: 1/31/2007
Perf: $2,046.22 Date: 12/31/2006
Perf: $2,011.82 Date: 11/30/2006
Perf: $1,946.04 Date: 10/31/2006
Perf: $1,899.50 Date: 9/30/2006
Perf: $1,878.84 Date: 8/31/2006
Perf: $1,898.97 Date: 7/31/2006
Perf: $1,877.93 Date: 6/30/2006
Perf: $1,906.14 Date: 5/31/2006
Perf: $1,932.62 Date: 4/30/2006
Perf: $1,985.23 Date: 3/31/2006
Perf: $1,937.94 Date: 2/28/2006
Perf: $1,887.36 Date: 1/31/2006
Perf: $1,921.57 Date: 12/31/2005
Perf: $1,885.55 Date: 11/30/2005
Perf: $1,920.31 Date: 10/31/2005
Perf: $1,841.32 Date: 9/30/2005
Perf: $1,838.38 Date: 8/31/2005
Perf: $1,810.49 Date: 7/31/2005
Perf: $1,800.77 Date: 6/30/2005
Perf: $1,799.69 Date: 5/31/2005
Perf: $1,740.34 Date: 4/30/2005
Perf: $1,688.18 Date: 3/31/2005
Perf: $1,730.58 Date: 2/28/2005
Perf: $1,740.32 Date: 1/31/2005
Perf: $1,728.40 Date: 12/31/2004
Perf: $1,804.17 Date: 11/30/2004
Perf: $1,798.24 Date: 10/31/2004
Perf: $1,705.95 Date: 9/30/2004
Perf: $1,649.53 Date: 8/31/2004
Perf: $1,627.56 Date: 7/31/2004
Perf: $1,638.87 Date: 6/30/2004
Perf: $1,657.77 Date: 5/31/2004
Perf: $1,714.34 Date: 4/30/2004
Perf: $1,742.04 Date: 3/31/2004
Perf: $1,857.58 Date: 2/29/2004
Perf: $1,875.97 Date: 1/31/2004
Perf: $1,775.81 Date: 12/31/2003
Perf: $1,758.92 Date: 11/30/2003
Perf: $1,685.92 Date: 10/31/2003
Perf: $1,691.00 Date: 9/30/2003
Perf: $1,653.79 Date: 8/31/2003
Perf: $1,661.43 Date: 7/31/2003
Perf: $1,645.96 Date: 6/30/2003
Perf: $1,684.02 Date: 5/31/2003
Perf: $1,727.37 Date: 4/30/2003
Perf: $1,631.60 Date: 3/31/2003
Perf: $1,607.96 Date: 2/28/2003
Perf: $1,705.52 Date: 1/31/2003
Perf: $1,609.43 Date: 12/31/2002
Perf: $1,516.47 Date: 11/30/2002
Perf: $1,429.42 Date: 10/31/2002
Perf: $1,469.99 Date: 9/30/2002
Perf: $1,550.30 Date: 8/31/2002
Perf: $1,481.98 Date: 7/31/2002
Perf: $1,447.11 Date: 6/30/2002
Perf: $1,373.75 Date: 5/31/2002
Perf: $1,262.17 Date: 4/30/2002
Perf: $1,230.31 Date: 3/31/2002
Perf: $1,260.04 Date: 2/28/2002
Perf: $1,263.71 Date: 1/31/2002
Perf: $1,300.38 Date: 12/31/2001
Perf: $1,316.17 Date: 11/30/2001
Perf: $1,288.98 Date: 10/31/2001
Perf: $1,397.57 Date: 9/30/2001
Perf: $1,339.69 Date: 8/31/2001
Perf: $1,299.66 Date: 7/31/2001
Perf: $1,261.93 Date: 6/30/2001
Perf: $1,259.16 Date: 5/31/2001
Perf: $1,273.16 Date: 4/30/2001
Perf: $1,272.78 Date: 3/31/2001
Perf: $1,356.33 Date: 2/28/2001
Perf: $1,273.79 Date: 1/31/2001
Perf: $1,261.80 Date: 12/31/2000
Perf: $1,248.82 Date: 11/30/2000
Perf: $1,153.85 Date: 10/31/2000
Perf: $1,085.88 Date: 9/30/2000
Perf: $1,063.65 Date: 8/31/2000
Perf: $1,082.48 Date: 7/31/2000
Perf: $1,060.63 Date: 6/30/2000
Perf: $1,079.64 Date: 5/31/2000
Perf: $1,096.63 Date: 4/30/2000
Perf: $1,081.81 Date: 3/31/2000
Perf: $1,098.40 Date: 2/29/2000
Perf: $1,126.33 Date: 1/31/2000
Perf: $1,139.09 Date: 12/31/1999
Perf: $1,128.82 Date: 11/30/1999
Perf: $1,114.44 Date: 10/31/1999
Perf: $1,093.23 Date: 9/30/1999
Perf: $1,143.79 Date: 8/31/1999
Perf: $1,139.80 Date: 7/31/1999
Perf: $1,133.00 Date: 6/30/1999
Perf: $1,141.91 Date: 5/31/1999
Perf: $1,112.97 Date: 4/30/1999
Perf: $1,131.76 Date: 3/31/1999
Perf: $1,098.05 Date: 2/28/1999
Perf: $1,107.01 Date: 1/31/1999
Perf: $1,086.69 Date: 12/31/1998
Perf: $1,119.03 Date: 11/30/1998
Perf: $1,093.34 Date: 10/31/1998
Perf: $1,113.72 Date: 9/30/1998
Perf: $1,118.19 Date: 8/31/1998
Perf: $1,070.35 Date: 7/31/1998
Perf: $991.71 Date: 6/30/1998
Perf: $989.63 Date: 5/31/1998
Perf: $988.44 Date: 4/30/1998
Perf: $963.96 Date: 3/31/1998
Perf: $1,003.81 Date: 2/28/1998
Perf: $992.20 Date: 1/31/1998
Perf: $1,000.00 Date: 4/30/2019
Perf: $4,490.17 Date: 3/31/2019
Perf: $4,315.40 Date: 2/28/2019
Perf: $4,233.27 Date: 1/31/2019
Perf: $4,101.61 Date: 12/31/2018
Perf: $3,797.44 Date: 11/30/2018
Perf: $4,174.38 Date: 10/31/2018
Perf: $4,090.93 Date: 9/30/2018
Perf: $4,391.29 Date: 8/31/2018
Perf: $4,366.40 Date: 7/31/2018
Perf: $4,228.55 Date: 6/30/2018
Perf: $4,076.89 Date: 5/31/2018
Perf: $4,051.77 Date: 4/30/2018
Perf: $3,956.42 Date: 3/31/2018
Perf: $3,941.44 Date: 2/28/2018
Perf: $4,044.17 Date: 1/31/2018
Perf: $4,199.11 Date: 12/31/2017
Perf: $3,971.54 Date: 11/30/2017
Perf: $3,927.94 Date: 10/31/2017
Perf: $3,810.95 Date: 9/30/2017
Perf: $3,724.17 Date: 8/31/2017
Perf: $3,649.01 Date: 7/31/2017
Perf: $3,637.73 Date: 6/30/2017
Perf: $3,564.30 Date: 5/31/2017
Perf: $3,542.34 Date: 4/30/2017
Perf: $3,493.09 Date: 3/31/2017
Perf: $3,457.48 Date: 2/28/2017
Perf: $3,453.33 Date: 1/31/2017
Perf: $3,321.47 Date: 12/31/2016
Perf: $3,259.54 Date: 11/30/2016
Perf: $3,196.25 Date: 10/31/2016
Perf: $3,082.21 Date: 9/30/2016
Perf: $3,139.35 Date: 8/31/2016
Perf: $3,138.72 Date: 7/31/2016
Perf: $3,134.33 Date: 6/30/2016
Perf: $3,022.79 Date: 5/31/2016
Perf: $3,014.95 Date: 4/30/2016
Perf: $2,961.64 Date: 3/31/2016
Perf: $2,950.14 Date: 2/29/2016
Perf: $2,762.82 Date: 1/31/2016
Perf: $2,766.41 Date: 12/31/2015
Perf: $2,910.79 Date: 11/30/2015
Perf: $2,957.52 Date: 10/31/2015
Perf: $2,948.67 Date: 9/30/2015
Perf: $2,719.17 Date: 8/31/2015
Perf: $2,788.04 Date: 7/31/2015
Perf: $2,966.94 Date: 6/30/2015
Perf: $2,905.92 Date: 5/31/2015
Perf: $2,963.41 Date: 4/30/2015
Perf: $2,925.67 Date: 3/31/2015
Perf: $2,897.85 Date: 2/28/2015
Perf: $2,944.37 Date: 1/31/2015
Perf: $2,784.28 Date: 12/31/2014
Perf: $2,870.39 Date: 11/30/2014
Perf: $2,877.58 Date: 10/31/2014
Perf: $2,802.20 Date: 9/30/2014
Perf: $2,735.46 Date: 8/31/2014
Perf: $2,774.30 Date: 7/31/2014
Perf: $2,667.59 Date: 6/30/2014
Perf: $2,704.92 Date: 5/31/2014
Perf: $2,650.06 Date: 4/30/2014
Perf: $2,589.22 Date: 3/31/2014
Perf: $2,570.20 Date: 2/28/2014
Perf: $2,548.79 Date: 1/31/2014
Perf: $2,437.40 Date: 12/31/2013
Perf: $2,524.76 Date: 11/30/2013
Perf: $2,462.46 Date: 10/31/2013
Perf: $2,389.57 Date: 9/30/2013
Perf: $2,284.49 Date: 8/31/2013
Perf: $2,214.94 Date: 7/31/2013
Perf: $2,281.09 Date: 6/30/2013
Perf: $2,170.61 Date: 5/31/2013
Perf: $2,200.09 Date: 4/30/2013
Perf: $2,149.78 Date: 3/31/2013
Perf: $2,109.08 Date: 2/28/2013
Perf: $2,032.85 Date: 1/31/2013
Perf: $2,005.57 Date: 12/31/2012
Perf: $1,906.80 Date: 11/30/2012
Perf: $1,889.60 Date: 10/31/2012
Perf: $1,878.71 Date: 9/30/2012
Perf: $1,914.12 Date: 8/31/2012
Perf: $1,865.97 Date: 7/31/2012
Perf: $1,824.91 Date: 6/30/2012
Perf: $1,799.90 Date: 5/31/2012
Perf: $1,728.67 Date: 4/30/2012
Perf: $1,839.21 Date: 3/31/2012
Perf: $1,850.87 Date: 2/29/2012
Perf: $1,791.92 Date: 1/31/2012
Perf: $1,717.71 Date: 12/31/2011
Perf: $1,644.06 Date: 11/30/2011
Perf: $1,627.46 Date: 10/31/2011
Perf: $1,631.05 Date: 9/30/2011
Perf: $1,470.34 Date: 8/31/2011
Perf: $1,581.52 Date: 7/31/2011
Perf: $1,672.33 Date: 6/30/2011
Perf: $1,706.98 Date: 5/31/2011
Perf: $1,735.97 Date: 4/30/2011
Perf: $1,755.81 Date: 3/31/2011
Perf: $1,705.33 Date: 2/28/2011
Perf: $1,704.65 Date: 1/31/2011
Perf: $1,648.12 Date: 12/31/2010
Perf: $1,609.96 Date: 11/30/2010
Perf: $1,509.15 Date: 10/31/2010
Perf: $1,509.00 Date: 9/30/2010
Perf: $1,453.62 Date: 8/31/2010
Perf: $1,334.57 Date: 7/31/2010
Perf: $1,397.61 Date: 6/30/2010
Perf: $1,306.05 Date: 5/31/2010
Perf: $1,378.13 Date: 4/30/2010
Perf: $1,497.80 Date: 3/31/2010
Perf: $1,474.51 Date: 2/28/2010
Perf: $1,390.65 Date: 1/31/2010
Perf: $1,348.84 Date: 12/31/2009
Perf: $1,399.21 Date: 11/30/2009
Perf: $1,372.71 Date: 10/31/2009
Perf: $1,295.01 Date: 9/30/2009
Perf: $1,319.56 Date: 8/31/2009
Perf: $1,272.11 Date: 7/31/2009
Perf: $1,227.78 Date: 6/30/2009
Perf: $1,141.49 Date: 5/31/2009
Perf: $1,139.21 Date: 4/30/2009
Perf: $1,078.90 Date: 3/31/2009
Perf: $984.67 Date: 2/28/2009
Perf: $905.36 Date: 1/31/2009
Perf: $1,013.27 Date: 12/31/2008
Perf: $1,106.55 Date: 11/30/2008
Perf: $1,094.95 Date: 10/31/2008
Perf: $1,179.64 Date: 9/30/2008
Perf: $1,417.67 Date: 8/31/2008
Perf: $1,556.34 Date: 7/31/2008
Perf: $1,534.10 Date: 6/30/2008
Perf: $1,547.09 Date: 5/31/2008
Perf: $1,689.52 Date: 4/30/2008
Perf: $1,667.84 Date: 3/31/2008
Perf: $1,590.39 Date: 2/29/2008
Perf: $1,597.25 Date: 1/31/2008
Perf: $1,650.91 Date: 12/31/2007
Perf: $1,756.29 Date: 11/30/2007
Perf: $1,768.49 Date: 10/31/2007
Perf: $1,845.64 Date: 9/30/2007
Perf: $1,816.75 Date: 8/31/2007
Perf: $1,751.25 Date: 7/31/2007
Perf: $1,725.37 Date: 6/30/2007
Perf: $1,780.57 Date: 5/31/2007
Perf: $1,810.63 Date: 4/30/2007
Perf: $1,749.57 Date: 3/31/2007
Perf: $1,675.35 Date: 2/28/2007
Perf: $1,656.79 Date: 1/31/2007
Perf: $1,689.91 Date: 12/31/2006
Perf: $1,664.78 Date: 11/30/2006
Perf: $1,641.79 Date: 10/31/2006
Perf: $1,611.18 Date: 9/30/2006
Perf: $1,560.31 Date: 8/31/2006
Perf: $1,521.07 Date: 7/31/2006
Perf: $1,485.71 Date: 6/30/2006
Perf: $1,476.55 Date: 5/31/2006
Perf: $1,474.49 Date: 4/30/2006
Perf: $1,518.21 Date: 3/31/2006
Perf: $1,498.14 Date: 2/28/2006
Perf: $1,479.79 Date: 1/31/2006
Perf: $1,475.81 Date: 12/31/2005
Perf: $1,437.71 Date: 11/30/2005
Perf: $1,437.28 Date: 10/31/2005
Perf: $1,384.92 Date: 9/30/2005
Perf: $1,408.45 Date: 8/31/2005
Perf: $1,397.13 Date: 7/31/2005
Perf: $1,409.96 Date: 6/30/2005
Perf: $1,359.39 Date: 5/31/2005
Perf: $1,357.49 Date: 4/30/2005
Perf: $1,315.65 Date: 3/31/2005
Perf: $1,341.13 Date: 2/28/2005
Perf: $1,365.30 Date: 1/31/2005
Perf: $1,337.22 Date: 12/31/2004
Perf: $1,370.66 Date: 11/30/2004
Perf: $1,325.59 Date: 10/31/2004
Perf: $1,274.00 Date: 9/30/2004
Perf: $1,254.80 Date: 8/31/2004
Perf: $1,241.39 Date: 7/31/2004
Perf: $1,236.44 Date: 6/30/2004
Perf: $1,278.77 Date: 5/31/2004
Perf: $1,254.44 Date: 4/30/2004
Perf: $1,237.48 Date: 3/31/2004
Perf: $1,257.22 Date: 2/29/2004
Perf: $1,276.50 Date: 1/31/2004
Perf: $1,259.00 Date: 12/31/2003
Perf: $1,236.25 Date: 11/30/2003
Perf: $1,174.69 Date: 10/31/2003
Perf: $1,164.45 Date: 9/30/2003
Perf: $1,102.07 Date: 8/31/2003
Perf: $1,113.88 Date: 7/31/2003
Perf: $1,092.57 Date: 6/30/2003
Perf: $1,073.68 Date: 5/31/2003
Perf: $1,060.11 Date: 4/30/2003
Perf: $1,007.04 Date: 3/31/2003
Perf: $930.37 Date: 2/28/2003
Perf: $921.43 Date: 1/31/2003
Perf: $935.47 Date: 12/31/2002
Perf: $960.64 Date: 11/30/2002
Perf: $1,020.54 Date: 10/31/2002
Perf: $963.77 Date: 9/30/2002
Perf: $885.82 Date: 8/31/2002
Perf: $993.85 Date: 7/31/2002
Perf: $987.34 Date: 6/30/2002
Perf: $1,070.87 Date: 5/31/2002
Perf: $1,152.96 Date: 4/30/2002
Perf: $1,161.55 Date: 3/31/2002
Perf: $1,236.48 Date: 2/28/2002
Perf: $1,191.68 Date: 1/31/2002
Perf: $1,215.13 Date: 12/31/2001
Perf: $1,233.13 Date: 11/30/2001
Perf: $1,222.37 Date: 10/31/2001
Perf: $1,135.30 Date: 9/30/2001
Perf: $1,114.02 Date: 8/31/2001
Perf: $1,211.94 Date: 7/31/2001
Perf: $1,292.88 Date: 6/30/2001
Perf: $1,305.67 Date: 5/31/2001
Perf: $1,338.19 Date: 4/30/2001
Perf: $1,329.29 Date: 3/31/2001
Perf: $1,233.45 Date: 2/28/2001
Perf: $1,316.94 Date: 1/31/2001
Perf: $1,449.10 Date: 12/31/2000
Perf: $1,399.42 Date: 11/30/2000
Perf: $1,392.60 Date: 10/31/2000
Perf: $1,511.72 Date: 9/30/2000
Perf: $1,518.09 Date: 8/31/2000
Perf: $1,602.72 Date: 7/31/2000
Perf: $1,509.01 Date: 6/30/2000
Perf: $1,532.92 Date: 5/31/2000
Perf: $1,495.97 Date: 4/30/2000
Perf: $1,527.28 Date: 3/31/2000
Perf: $1,574.68 Date: 2/29/2000
Perf: $1,434.40 Date: 1/31/2000
Perf: $1,462.03 Date: 12/31/1999
Perf: $1,539.30 Date: 11/30/1999
Perf: $1,453.68 Date: 10/31/1999
Perf: $1,424.76 Date: 9/30/1999
Perf: $1,339.94 Date: 8/31/1999
Perf: $1,377.69 Date: 7/31/1999
Perf: $1,384.47 Date: 6/30/1999
Perf: $1,429.06 Date: 5/31/1999
Perf: $1,353.92 Date: 4/30/1999
Perf: $1,386.64 Date: 3/31/1999
Perf: $1,334.98 Date: 2/28/1999
Perf: $1,283.63 Date: 1/31/1999
Perf: $1,324.83 Date: 12/31/1998
Perf: $1,271.68 Date: 11/30/1998
Perf: $1,202.42 Date: 10/31/1998
Perf: $1,133.71 Date: 9/30/1998
Perf: $1,048.47 Date: 8/31/1998
Perf: $985.32 Date: 7/31/1998
Perf: $1,151.88 Date: 6/30/1998
Perf: $1,164.22 Date: 5/31/1998
Perf: $1,118.79 Date: 4/30/1998
Perf: $1,138.37 Date: 3/31/1998
Perf: $1,126.99 Date: 2/28/1998
Perf: $1,072.10 Date: 1/31/1998
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,446.01 Date: 3/31/2019
Perf: $1,456.20 Date: 2/28/2019
Perf: $1,404.25 Date: 1/31/2019
Perf: $1,428.53 Date: 12/31/2018
Perf: $1,479.42 Date: 11/30/2018
Perf: $1,478.83 Date: 10/31/2018
Perf: $1,460.72 Date: 9/30/2018
Perf: $1,496.49 Date: 8/31/2018
Perf: $1,474.81 Date: 7/31/2018
Perf: $1,439.82 Date: 6/30/2018
Perf: $1,476.43 Date: 5/31/2018
Perf: $1,437.76 Date: 4/30/2018
Perf: $1,499.85 Date: 3/31/2018
Perf: $1,509.36 Date: 2/28/2018
Perf: $1,502.75 Date: 1/31/2018
Perf: $1,567.81 Date: 12/31/2017
Perf: $1,534.36 Date: 11/30/2017
Perf: $1,488.37 Date: 10/31/2017
Perf: $1,487.78 Date: 9/30/2017
Perf: $1,473.63 Date: 8/31/2017
Perf: $1,484.17 Date: 7/31/2017
Perf: $1,490.58 Date: 6/30/2017
Perf: $1,510.21 Date: 5/31/2017
Perf: $1,522.08 Date: 4/30/2017
Perf: $1,500.77 Date: 3/31/2017
Perf: $1,529.53 Date: 2/28/2017
Perf: $1,581.23 Date: 1/31/2017
Perf: $1,585.99 Date: 12/31/2016
Perf: $1,661.42 Date: 11/30/2016
Perf: $1,687.24 Date: 10/31/2016
Perf: $1,799.33 Date: 9/30/2016
Perf: $1,935.60 Date: 8/31/2016
Perf: $1,916.06 Date: 7/31/2016
Perf: $1,945.24 Date: 6/30/2016
Perf: $1,904.11 Date: 5/31/2016
Perf: $1,786.72 Date: 4/30/2016
Perf: $1,802.95 Date: 3/31/2016
Perf: $1,860.43 Date: 2/29/2016
Perf: $1,985.10 Date: 1/31/2016
Perf: $1,918.52 Date: 12/31/2015
Perf: $1,864.09 Date: 11/30/2015
Perf: $1,841.99 Date: 10/31/2015
Perf: $1,756.95 Date: 9/30/2015
Perf: $1,787.34 Date: 8/31/2015
Perf: $1,725.06 Date: 7/31/2015
Perf: $1,707.98 Date: 6/30/2015
Perf: $1,581.32 Date: 5/31/2015
Perf: $1,693.06 Date: 4/30/2015
Perf: $1,626.54 Date: 3/31/2015
Perf: $1,784.26 Date: 2/28/2015
Perf: $1,675.05 Date: 1/31/2015
Perf: $1,764.70 Date: 12/31/2014
Perf: $1,674.13 Date: 11/30/2014
Perf: $1,555.16 Date: 10/31/2014
Perf: $1,450.44 Date: 9/30/2014
Perf: $1,419.77 Date: 8/31/2014
Perf: $1,328.13 Date: 7/31/2014
Perf: $1,303.62 Date: 6/30/2014
Perf: $1,304.80 Date: 5/31/2014
Perf: $1,297.27 Date: 4/30/2014
Perf: $1,306.81 Date: 3/31/2014
Perf: $1,278.43 Date: 2/28/2014
Perf: $1,323.84 Date: 1/31/2014
Perf: $1,323.97 Date: 12/31/2013
Perf: $1,335.99 Date: 11/30/2013
Perf: $1,310.57 Date: 10/31/2013
Perf: $1,275.37 Date: 9/30/2013
Perf: $1,285.01 Date: 8/31/2013
Perf: $1,311.10 Date: 7/31/2013
Perf: $1,296.19 Date: 6/30/2013
Perf: $1,287.95 Date: 5/31/2013
Perf: $1,279.12 Date: 4/30/2013
Perf: $1,336.87 Date: 3/31/2013
Perf: $1,321.15 Date: 2/28/2013
Perf: $1,327.52 Date: 1/31/2013
Perf: $1,368.02 Date: 12/31/2012
Perf: $1,373.93 Date: 11/30/2012
Perf: $1,397.97 Date: 10/31/2012
Perf: $1,403.59 Date: 9/30/2012
Perf: $1,429.46 Date: 8/31/2012
Perf: $1,501.06 Date: 7/31/2012
Perf: $1,546.69 Date: 6/30/2012
Perf: $1,588.95 Date: 5/31/2012
Perf: $1,692.36 Date: 4/30/2012
Perf: $1,621.65 Date: 3/31/2012
Perf: $1,599.58 Date: 2/29/2012
Perf: $1,619.50 Date: 1/31/2012
Perf: $1,656.61 Date: 12/31/2011
Perf: $1,659.09 Date: 11/30/2011
Perf: $1,655.95 Date: 10/31/2011
Perf: $1,593.33 Date: 9/30/2011
Perf: $1,615.79 Date: 8/31/2011
Perf: $1,685.92 Date: 7/31/2011
Perf: $1,633.81 Date: 6/30/2011
Perf: $1,494.24 Date: 5/31/2011
Perf: $1,481.36 Date: 4/30/2011
Perf: $1,509.28 Date: 3/31/2011
Perf: $1,435.22 Date: 2/28/2011
Perf: $1,472.17 Date: 1/31/2011
Perf: $1,484.34 Date: 12/31/2010
Perf: $1,463.42 Date: 11/30/2010
Perf: $1,366.15 Date: 10/31/2010
Perf: $1,432.92 Date: 9/30/2010
Perf: $1,383.53 Date: 8/31/2010
Perf: $1,376.65 Date: 7/31/2010
Perf: $1,278.22 Date: 6/30/2010
Perf: $1,349.62 Date: 5/31/2010
Perf: $1,381.67 Date: 4/30/2010
Perf: $1,389.45 Date: 3/31/2010
Perf: $1,370.13 Date: 2/28/2010
Perf: $1,319.72 Date: 1/31/2010
Perf: $1,307.17 Date: 12/31/2009
Perf: $1,341.93 Date: 11/30/2009
Perf: $1,394.93 Date: 10/31/2009
Perf: $1,341.54 Date: 9/30/2009
Perf: $1,360.73 Date: 8/31/2009
Perf: $1,337.46 Date: 7/31/2009
Perf: $1,258.19 Date: 6/30/2009
Perf: $1,224.16 Date: 5/31/2009
Perf: $1,192.79 Date: 4/30/2009
Perf: $1,447.21 Date: 3/31/2009
Perf: $1,527.40 Date: 2/28/2009
Perf: $1,592.53 Date: 1/31/2009
Perf: $1,565.14 Date: 12/31/2008
Perf: $1,510.61 Date: 11/30/2008
Perf: $1,453.90 Date: 10/31/2008
Perf: $1,331.05 Date: 9/30/2008
Perf: $1,078.82 Date: 8/31/2008
Perf: $1,057.15 Date: 7/31/2008
Perf: $1,153.09 Date: 6/30/2008
Perf: $1,298.96 Date: 5/31/2008
Perf: $1,254.91 Date: 4/30/2008
Perf: $1,228.02 Date: 3/31/2008
Perf: $1,247.10 Date: 2/29/2008
Perf: $1,251.23 Date: 1/31/2008
Perf: $1,154.80 Date: 12/31/2007
Perf: $1,113.71 Date: 11/30/2007
Perf: $1,116.72 Date: 10/31/2007
Perf: $1,131.43 Date: 9/30/2007
Perf: $1,094.54 Date: 8/31/2007
Perf: $1,043.12 Date: 7/31/2007
Perf: $1,102.78 Date: 6/30/2007
Perf: $1,116.62 Date: 5/31/2007
Perf: $1,112.73 Date: 4/30/2007
Perf: $1,110.84 Date: 3/31/2007
Perf: $1,111.06 Date: 2/28/2007
Perf: $1,143.07 Date: 1/31/2007
Perf: $1,153.22 Date: 12/31/2006
Perf: $1,168.53 Date: 11/30/2006
Perf: $1,142.48 Date: 10/31/2006
Perf: $1,141.11 Date: 9/30/2006
Perf: $1,174.10 Date: 8/31/2006
Perf: $1,165.94 Date: 7/31/2006
Perf: $1,169.09 Date: 6/30/2006
Perf: $1,214.39 Date: 5/31/2006
Perf: $1,242.22 Date: 4/30/2006
Perf: $1,291.96 Date: 3/31/2006
Perf: $1,308.18 Date: 2/28/2006
Perf: $1,284.54 Date: 1/31/2006
Perf: $1,306.89 Date: 12/31/2005
Perf: $1,305.59 Date: 11/30/2005
Perf: $1,289.34 Date: 10/31/2005
Perf: $1,266.29 Date: 9/30/2005
Perf: $1,324.85 Date: 8/31/2005
Perf: $1,281.16 Date: 7/31/2005
Perf: $1,224.94 Date: 6/30/2005
Perf: $1,253.26 Date: 5/31/2005
Perf: $1,228.33 Date: 4/30/2005
Perf: $1,223.80 Date: 3/31/2005
Perf: $1,259.44 Date: 2/28/2005
Perf: $1,275.90 Date: 1/31/2005
Perf: $1,306.74 Date: 12/31/2004
Perf: $1,289.46 Date: 11/30/2004
Perf: $1,389.36 Date: 10/31/2004
Perf: $1,383.82 Date: 9/30/2004
Perf: $1,341.82 Date: 8/31/2004
Perf: $1,124.84 Date: 7/31/2004
Perf: $1,248.30 Date: 6/30/2004
Perf: $1,267.82 Date: 5/31/2004
Perf: $1,342.32 Date: 4/30/2004
Perf: $1,417.74 Date: 3/31/2004
Perf: $1,538.18 Date: 2/29/2004
Perf: $1,447.43 Date: 1/31/2004
Perf: $1,302.47 Date: 12/31/2003
Perf: $1,271.69 Date: 11/30/2003
Perf: $1,209.29 Date: 10/31/2003
Perf: $1,171.57 Date: 9/30/2003
Perf: $1,056.70 Date: 8/31/2003
Perf: $1,114.08 Date: 7/31/2003
Perf: $1,108.32 Date: 6/30/2003
Perf: $1,235.17 Date: 5/31/2003
Perf: $1,273.11 Date: 4/30/2003
Perf: $1,280.79 Date: 3/31/2003
Perf: $1,306.26 Date: 2/28/2003
Perf: $1,416.92 Date: 1/31/2003
Perf: $1,348.04 Date: 12/31/2002
Perf: $1,243.12 Date: 11/30/2002
Perf: $1,164.30 Date: 10/31/2002
Perf: $1,169.21 Date: 9/30/2002
Perf: $1,223.40 Date: 8/31/2002
Perf: $1,172.85 Date: 7/31/2002
Perf: $1,132.97 Date: 6/30/2002
Perf: $1,153.51 Date: 5/31/2002
Perf: $1,158.84 Date: 4/30/2002
Perf: $1,201.24 Date: 3/31/2002
Perf: $1,200.28 Date: 2/28/2002
Perf: $1,448.04 Date: 1/31/2002
Perf: $1,474.43 Date: 12/31/2001
Perf: $1,447.37 Date: 11/30/2001
Perf: $1,411.65 Date: 10/31/2001
Perf: $1,478.48 Date: 9/30/2001
Perf: $1,452.76 Date: 8/31/2001
Perf: $1,416.09 Date: 7/31/2001
Perf: $1,447.94 Date: 6/30/2001
Perf: $1,521.27 Date: 5/31/2001
Perf: $1,519.44 Date: 4/30/2001
Perf: $1,488.19 Date: 3/31/2001
Perf: $1,560.11 Date: 2/28/2001
Perf: $1,428.15 Date: 1/31/2001
Perf: $1,388.31 Date: 12/31/2000
Perf: $1,456.32 Date: 11/30/2000
Perf: $1,443.04 Date: 10/31/2000
Perf: $1,324.38 Date: 9/30/2000
Perf: $1,260.23 Date: 8/31/2000
Perf: $1,263.77 Date: 7/31/2000
Perf: $1,163.91 Date: 6/30/2000
Perf: $1,168.93 Date: 5/31/2000
Perf: $1,141.87 Date: 4/30/2000
Perf: $1,078.87 Date: 3/31/2000
Perf: $1,085.49 Date: 2/29/2000
Perf: $1,141.54 Date: 1/31/2000
Perf: $1,118.50 Date: 12/31/1999
Perf: $1,126.49 Date: 11/30/1999
Perf: $1,110.50 Date: 10/31/1999
Perf: $1,123.08 Date: 9/30/1999
Perf: $1,165.14 Date: 8/31/1999
Perf: $1,150.19 Date: 7/31/1999
Perf: $1,152.73 Date: 6/30/1999
Perf: $1,110.53 Date: 5/31/1999
Perf: $1,128.13 Date: 4/30/1999
Perf: $1,147.17 Date: 3/31/1999
Perf: $1,123.68 Date: 2/28/1999
Perf: $1,303.43 Date: 1/31/1999
Perf: $1,242.78 Date: 12/31/1998
Perf: $1,210.69 Date: 11/30/1998
Perf: $1,180.59 Date: 10/31/1998
Perf: $1,136.93 Date: 9/30/1998
Perf: $1,146.79 Date: 8/31/1998
Perf: $1,236.04 Date: 7/31/1998
Perf: $1,110.74 Date: 6/30/1998
Perf: $1,087.26 Date: 5/31/1998
Perf: $1,080.88 Date: 4/30/1998
Perf: $1,060.42 Date: 3/31/1998
Perf: $1,036.68 Date: 2/28/1998
Perf: $1,002.20 Date: 1/31/1998
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 01/98 - 04/19
Date: 4/30/2019
Return: -0.70 % Date: 3/31/2019
Return: 3.70 % Date: 2/28/2019
Return: -1.70 % Date: 1/31/2019
Return: -3.44 % Date: 12/31/2018
Return: 0.04 % Date: 11/30/2018
Return: 1.24 % Date: 10/31/2018
Return: -2.39 % Date: 9/30/2018
Return: 1.47 % Date: 8/31/2018
Return: 2.43 % Date: 7/31/2018
Return: -2.48 % Date: 6/30/2018
Return: 2.69 % Date: 5/31/2018
Return: -4.14 % Date: 4/30/2018
Return: -0.63 % Date: 3/31/2018
Return: 0.44 % Date: 2/28/2018
Return: -4.15 % Date: 1/31/2018
Return: 2.18 % Date: 12/31/2017
Return: 3.09 % Date: 11/30/2017
Return: 0.04 % Date: 10/31/2017
Return: 0.96 % Date: 9/30/2017
Return: -0.71 % Date: 8/31/2017
Return: -0.43 % Date: 7/31/2017
Return: -1.30 % Date: 6/30/2017
Return: -0.78 % Date: 5/31/2017
Return: 1.42 % Date: 4/30/2017
Return: -1.88 % Date: 3/31/2017
Return: -3.27 % Date: 2/28/2017
Return: -0.30 % Date: 1/31/2017
Return: -4.54 % Date: 12/31/2016
Return: -1.53 % Date: 11/30/2016
Return: -6.23 % Date: 10/31/2016
Return: -7.04 % Date: 9/30/2016
Return: 1.02 % Date: 8/31/2016
Return: -1.50 % Date: 7/31/2016
Return: 2.16 % Date: 6/30/2016
Return: 6.57 % Date: 5/31/2016
Return: -0.90 % Date: 4/30/2016
Return: -3.09 % Date: 3/31/2016
Return: -6.28 % Date: 2/29/2016
Return: 3.47 % Date: 1/31/2016
Return: 2.92 % Date: 12/31/2015
Return: 1.20 % Date: 11/30/2015
Return: 4.84 % Date: 10/31/2015
Return: -1.70 % Date: 9/30/2015
Return: 3.61 % Date: 8/31/2015
Return: 1.00 % Date: 7/31/2015
Return: 8.01 % Date: 6/30/2015
Return: -6.60 % Date: 5/31/2015
Return: 4.09 % Date: 4/30/2015
Return: -8.84 % Date: 3/31/2015
Return: 6.52 % Date: 2/28/2015
Return: -5.08 % Date: 1/31/2015
Return: 5.41 % Date: 12/31/2014
Return: 7.65 % Date: 11/30/2014
Return: 7.22 % Date: 10/31/2014
Return: 2.16 % Date: 9/30/2014
Return: 6.90 % Date: 8/31/2014
Return: 1.88 % Date: 7/31/2014
Return: -0.09 % Date: 6/30/2014
Return: 0.58 % Date: 5/31/2014
Return: -0.73 % Date: 4/30/2014
Return: 2.22 % Date: 3/31/2014
Return: -3.43 % Date: 2/28/2014
Return: -0.01 % Date: 1/31/2014
Return: -0.90 % Date: 12/31/2013
Return: 1.94 % Date: 11/30/2013
Return: 2.76 % Date: 10/31/2013
Return: -0.75 % Date: 9/30/2013
Return: -1.99 % Date: 8/31/2013
Return: 1.15 % Date: 7/31/2013
Return: 0.64 % Date: 6/30/2013
Return: 0.69 % Date: 5/31/2013
Return: -4.32 % Date: 4/30/2013
Return: 1.19 % Date: 3/31/2013
Return: -0.48 % Date: 2/28/2013
Return: -2.96 % Date: 1/31/2013
Return: -0.43 % Date: 12/31/2012
Return: -1.72 % Date: 11/30/2012
Return: -0.40 % Date: 10/31/2012
Return: -1.81 % Date: 9/30/2012
Return: -4.77 % Date: 8/31/2012
Return: -2.95 % Date: 7/31/2012
Return: -2.66 % Date: 6/30/2012
Return: -6.11 % Date: 5/31/2012
Return: 4.36 % Date: 4/30/2012
Return: 1.38 % Date: 3/31/2012
Return: -1.23 % Date: 2/29/2012
Return: -2.24 % Date: 1/31/2012
Return: -0.15 % Date: 12/31/2011
Return: 0.19 % Date: 11/30/2011
Return: 3.93 % Date: 10/31/2011
Return: -1.39 % Date: 9/30/2011
Return: -4.16 % Date: 8/31/2011
Return: 3.19 % Date: 7/31/2011
Return: 9.34 % Date: 6/30/2011
Return: 0.87 % Date: 5/31/2011
Return: -1.85 % Date: 4/30/2011
Return: 5.16 % Date: 3/31/2011
Return: -2.51 % Date: 2/28/2011
Return: -0.82 % Date: 1/31/2011
Return: 1.43 % Date: 12/31/2010
Return: 7.12 % Date: 11/30/2010
Return: -4.66 % Date: 10/31/2010
Return: 3.57 % Date: 9/30/2010
Return: 0.50 % Date: 8/31/2010
Return: 7.70 % Date: 7/31/2010
Return: -5.29 % Date: 6/30/2010
Return: -2.32 % Date: 5/31/2010
Return: -0.56 % Date: 4/30/2010
Return: 1.41 % Date: 3/31/2010
Return: 3.82 % Date: 2/28/2010
Return: 0.96 % Date: 1/31/2010
Return: -2.59 % Date: 12/31/2009
Return: -3.80 % Date: 11/30/2009
Return: 3.98 % Date: 10/31/2009
Return: -1.41 % Date: 9/30/2009
Return: 1.74 % Date: 8/31/2009
Return: 6.30 % Date: 7/31/2009
Return: 2.78 % Date: 6/30/2009
Return: 2.63 % Date: 5/31/2009
Return: -17.58 % Date: 4/30/2009
Return: -5.25 % Date: 3/31/2009
Return: -4.09 % Date: 2/28/2009
Return: 1.75 % Date: 1/31/2009
Return: 3.61 % Date: 12/31/2008
Return: 3.90 % Date: 11/30/2008
Return: 9.23 % Date: 10/31/2008
Return: 23.38 % Date: 9/30/2008
Return: 2.05 % Date: 8/31/2008
Return: -8.32 % Date: 7/31/2008
Return: -11.23 % Date: 6/30/2008
Return: 3.51 % Date: 5/31/2008
Return: 2.19 % Date: 4/30/2008
Return: -1.53 % Date: 3/31/2008
Return: -0.33 % Date: 2/29/2008
Return: 8.35 % Date: 1/31/2008
Return: 3.69 % Date: 12/31/2007
Return: -0.27 % Date: 11/30/2007
Return: -1.30 % Date: 10/31/2007
Return: 3.37 % Date: 9/30/2007
Return: 4.93 % Date: 8/31/2007
Return: -5.41 % Date: 7/31/2007
Return: -1.24 % Date: 6/30/2007
Return: 0.35 % Date: 5/31/2007
Return: 0.17 % Date: 4/30/2007
Return: -0.02 % Date: 3/31/2007
Return: -2.80 % Date: 2/28/2007
Return: -0.88 % Date: 1/31/2007
Return: -1.31 % Date: 12/31/2006
Return: 2.28 % Date: 11/30/2006
Return: 0.12 % Date: 10/31/2006
Return: -2.81 % Date: 9/30/2006
Return: 0.70 % Date: 8/31/2006
Return: -0.27 % Date: 7/31/2006
Return: -3.73 % Date: 6/30/2006
Return: -2.24 % Date: 5/31/2006
Return: -3.85 % Date: 4/30/2006
Return: -1.24 % Date: 3/31/2006
Return: 1.84 % Date: 2/28/2006
Return: -1.71 % Date: 1/31/2006
Return: 0.10 % Date: 12/31/2005
Return: 1.26 % Date: 11/30/2005
Return: 1.82 % Date: 10/31/2005
Return: -4.42 % Date: 9/30/2005
Return: 3.41 % Date: 8/31/2005
Return: 4.59 % Date: 7/31/2005
Return: -2.26 % Date: 6/30/2005
Return: 2.03 % Date: 5/31/2005
Return: 0.37 % Date: 4/30/2005
Return: -2.83 % Date: 3/31/2005
Return: -1.29 % Date: 2/28/2005
Return: -2.36 % Date: 1/31/2005
Return: 1.34 % Date: 12/31/2004
Return: -7.19 % Date: 11/30/2004
Return: 0.40 % Date: 10/31/2004
Return: 3.13 % Date: 9/30/2004
Return: 19.29 % Date: 8/31/2004
Return: -9.89 % Date: 7/31/2004
Return: -1.54 % Date: 6/30/2004
Return: -5.55 % Date: 5/31/2004
Return: -5.32 % Date: 4/30/2004
Return: -7.83 % Date: 3/31/2004
Return: 6.27 % Date: 2/29/2004
Return: 11.13 % Date: 1/31/2004
Return: 2.42 % Date: 12/31/2003
Return: 5.16 % Date: 11/30/2003
Return: 3.22 % Date: 10/31/2003
Return: 10.87 % Date: 9/30/2003
Return: -5.15 % Date: 8/31/2003
Return: 0.52 % Date: 7/31/2003
Return: -10.27 % Date: 6/30/2003
Return: -2.98 % Date: 5/31/2003
Return: -0.60 % Date: 4/30/2003
Return: -1.95 % Date: 3/31/2003
Return: -7.81 % Date: 2/28/2003
Return: 5.11 % Date: 1/31/2003
Return: 8.44 % Date: 12/31/2002
Return: 6.77 % Date: 11/30/2002
Return: -0.42 % Date: 10/31/2002
Return: -4.43 % Date: 9/30/2002
Return: 4.31 % Date: 8/31/2002
Return: 3.52 % Date: 7/31/2002
Return: -1.78 % Date: 6/30/2002
Return: -0.46 % Date: 5/31/2002
Return: -3.53 % Date: 4/30/2002
Return: 0.08 % Date: 3/31/2002
Return: -17.11 % Date: 2/28/2002
Return: -1.79 % Date: 1/31/2002
Return: 1.87 % Date: 12/31/2001
Return: 2.53 % Date: 11/30/2001
Return: -4.52 % Date: 10/31/2001
Return: 1.77 % Date: 9/30/2001
Return: 2.59 % Date: 8/31/2001
Return: -2.20 % Date: 7/31/2001
Return: -4.82 % Date: 6/30/2001
Return: 0.12 % Date: 5/31/2001
Return: 2.10 % Date: 4/30/2001
Return: -4.61 % Date: 3/31/2001
Return: 9.24 % Date: 2/28/2001
Return: 2.87 % Date: 1/31/2001
Return: -4.67 % Date: 12/31/2000
Return: 0.92 % Date: 11/30/2000
Return: 8.96 % Date: 10/31/2000
Return: 5.09 % Date: 9/30/2000
Return: -0.28 % Date: 8/31/2000
Return: 8.58 % Date: 7/31/2000
Return: -0.43 % Date: 6/30/2000
Return: 2.37 % Date: 5/31/2000
Return: 5.84 % Date: 4/30/2000
Return: -0.61 % Date: 3/31/2000
Return: -4.91 % Date: 2/29/2000
Return: 2.06 % Date: 1/31/2000
Return: -0.71 % Date: 12/31/1999
Return: 1.44 % Date: 11/30/1999
Return: -1.12 % Date: 10/31/1999
Return: -3.61 % Date: 9/30/1999
Return: 1.30 % Date: 8/31/1999
Return: -0.22 % Date: 7/31/1999
Return: 3.80 % Date: 6/30/1999
Return: -1.56 % Date: 5/31/1999
Return: -1.66 % Date: 4/30/1999
Return: 2.09 % Date: 3/31/1999
Return: -13.79 % Date: 2/28/1999
Return: 4.88 % Date: 1/31/1999
Return: 2.65 % Date: 12/31/1998
Return: 2.55 % Date: 11/30/1998
Return: 3.84 % Date: 10/31/1998
Return: -0.86 % Date: 9/30/1998
Return: -7.22 % Date: 8/31/1998
Return: 11.28 % Date: 7/31/1998
Return: 2.16 % Date: 6/30/1998
Return: 0.59 % Date: 5/31/1998
Return: 1.93 % Date: 4/30/1998
Return: 2.29 % Date: 3/31/1998
Return: 3.44 % Date: 2/28/1998
Return: 0.22 % Date: 1/31/1998
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 01/98 - 04/19
Return: -9.00 %
Count: 1 Return: -18.00 %
Count: 1 Return: 23.00 %
Count: 1 Return: -11.00 %
Count: 1 Return: 19.00 %
Count: 1 Return: -6.00 %
Count: 4 Return: -10.00 %
Count: 2 Return: -3.00 %
Count: 13 Return: -8.00 %
Count: 3 Return: 8.00 %
Count: 5 Return: 7.00 %
Count: 6 Return: -17.00 %
Count: 1 Return: 9.00 %
Count: 5 Return: 6.00 %
Count: 3 Return: -5.00 %
Count: 14 Return: -4.00 %
Count: 12 Return: -2.00 %
Count: 24 Return: -14.00 %
Count: 1 Return: 5.00 %
Count: 9 Return: 4.00 %
Count: 16 Return: -1.00 %
Count: 26 Return: -7.00 %
Count: 4 Return: 11.00 %
Count: 3 Return: 1.00 %
Count: 26 Return: 2.00 %
Count: 25 Return: 3.00 %
Count: 18 Return: 0.00 %
Count: 31
Note: All performance data is since program inception.

Underwater Curve

Date Range: 01/98 - 04/19
Date: 4/30/2019
Drawdown: -27.16 % Date: 3/31/2019
Drawdown: -26.64 % Date: 2/28/2019
Drawdown: -29.26 % Date: 1/31/2019
Drawdown: -28.04 % Date: 12/31/2018
Drawdown: -25.47 % Date: 11/30/2018
Drawdown: -25.50 % Date: 10/31/2018
Drawdown: -26.42 % Date: 9/30/2018
Drawdown: -24.61 % Date: 8/31/2018
Drawdown: -25.71 % Date: 7/31/2018
Drawdown: -27.47 % Date: 6/30/2018
Drawdown: -25.62 % Date: 5/31/2018
Drawdown: -27.57 % Date: 4/30/2018
Drawdown: -24.44 % Date: 3/31/2018
Drawdown: -23.97 % Date: 2/28/2018
Drawdown: -24.30 % Date: 1/31/2018
Drawdown: -21.02 % Date: 12/31/2017
Drawdown: -22.71 % Date: 11/30/2017
Drawdown: -25.02 % Date: 10/31/2017
Drawdown: -25.05 % Date: 9/30/2017
Drawdown: -25.77 % Date: 8/31/2017
Drawdown: -25.23 % Date: 7/31/2017
Drawdown: -24.91 % Date: 6/30/2017
Drawdown: -23.92 % Date: 5/31/2017
Drawdown: -23.32 % Date: 4/30/2017
Drawdown: -24.40 % Date: 3/31/2017
Drawdown: -22.95 % Date: 2/28/2017
Drawdown: -20.34 % Date: 1/31/2017
Drawdown: -20.11 % Date: 12/31/2016
Drawdown: -16.31 % Date: 11/30/2016
Drawdown: -15.00 % Date: 10/31/2016
Drawdown: -9.36 % Date: 9/30/2016
Drawdown: -2.49 % Date: 8/31/2016
Drawdown: -3.48 % Date: 7/31/2016
Drawdown: -2.01 % Date: 6/30/2016
Drawdown: -4.08 % Date: 5/31/2016
Drawdown: -9.99 % Date: 4/30/2016
Drawdown: -9.18 % Date: 3/31/2016
Drawdown: -6.28 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: 0.00 % Date: 12/31/2015
Drawdown: 0.00 % Date: 11/30/2015
Drawdown: 0.00 % Date: 10/31/2015
Drawdown: -1.70 % Date: 9/30/2015
Drawdown: 0.00 % Date: 8/31/2015
Drawdown: -3.32 % Date: 7/31/2015
Drawdown: -4.28 % Date: 6/30/2015
Drawdown: -11.37 % Date: 5/31/2015
Drawdown: -5.11 % Date: 4/30/2015
Drawdown: -8.84 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -5.08 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -1.08 % Date: 11/30/2014
Drawdown: -8.11 % Date: 10/31/2014
Drawdown: -14.29 % Date: 9/30/2014
Drawdown: -16.11 % Date: 8/31/2014
Drawdown: -21.52 % Date: 7/31/2014
Drawdown: -22.97 % Date: 6/30/2014
Drawdown: -22.90 % Date: 5/31/2014
Drawdown: -23.35 % Date: 4/30/2014
Drawdown: -22.78 % Date: 3/31/2014
Drawdown: -24.46 % Date: 2/28/2014
Drawdown: -21.78 % Date: 1/31/2014
Drawdown: -21.77 % Date: 12/31/2013
Drawdown: -21.06 % Date: 11/30/2013
Drawdown: -22.56 % Date: 10/31/2013
Drawdown: -24.64 % Date: 9/30/2013
Drawdown: -24.07 % Date: 8/31/2013
Drawdown: -22.53 % Date: 7/31/2013
Drawdown: -23.41 % Date: 6/30/2013
Drawdown: -23.90 % Date: 5/31/2013
Drawdown: -24.42 % Date: 4/30/2013
Drawdown: -21.01 % Date: 3/31/2013
Drawdown: -21.93 % Date: 2/28/2013
Drawdown: -21.56 % Date: 1/31/2013
Drawdown: -19.16 % Date: 12/31/2012
Drawdown: -18.82 % Date: 11/30/2012
Drawdown: -17.39 % Date: 10/31/2012
Drawdown: -17.06 % Date: 9/30/2012
Drawdown: -15.53 % Date: 8/31/2012
Drawdown: -11.30 % Date: 7/31/2012
Drawdown: -8.61 % Date: 6/30/2012
Drawdown: -6.11 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: -3.81 % Date: 3/31/2012
Drawdown: -5.12 % Date: 2/29/2012
Drawdown: -3.94 % Date: 1/31/2012
Drawdown: -1.74 % Date: 12/31/2011
Drawdown: -1.59 % Date: 11/30/2011
Drawdown: -1.78 % Date: 10/31/2011
Drawdown: -5.49 % Date: 9/30/2011
Drawdown: -4.16 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: 0.00 % Date: 6/30/2011
Drawdown: -6.17 % Date: 5/31/2011
Drawdown: -6.98 % Date: 4/30/2011
Drawdown: -5.23 % Date: 3/31/2011
Drawdown: -9.88 % Date: 2/28/2011
Drawdown: -7.56 % Date: 1/31/2011
Drawdown: -6.79 % Date: 12/31/2010
Drawdown: -8.11 % Date: 11/30/2010
Drawdown: -14.22 % Date: 10/31/2010
Drawdown: -10.02 % Date: 9/30/2010
Drawdown: -13.12 % Date: 8/31/2010
Drawdown: -13.56 % Date: 7/31/2010
Drawdown: -19.74 % Date: 6/30/2010
Drawdown: -15.25 % Date: 5/31/2010
Drawdown: -13.24 % Date: 4/30/2010
Drawdown: -12.75 % Date: 3/31/2010
Drawdown: -13.96 % Date: 2/28/2010
Drawdown: -17.13 % Date: 1/31/2010
Drawdown: -17.92 % Date: 12/31/2009
Drawdown: -15.74 % Date: 11/30/2009
Drawdown: -12.41 % Date: 10/31/2009
Drawdown: -15.76 % Date: 9/30/2009
Drawdown: -14.56 % Date: 8/31/2009
Drawdown: -16.02 % Date: 7/31/2009
Drawdown: -20.99 % Date: 6/30/2009
Drawdown: -23.13 % Date: 5/31/2009
Drawdown: -25.10 % Date: 4/30/2009
Drawdown: -9.13 % Date: 3/31/2009
Drawdown: -4.09 % Date: 2/28/2009
Drawdown: 0.00 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: -3.17 % Date: 11/30/2008
Drawdown: -6.81 % Date: 10/31/2008
Drawdown: -14.68 % Date: 9/30/2008
Drawdown: -30.85 % Date: 8/31/2008
Drawdown: -32.24 % Date: 7/31/2008
Drawdown: -26.09 % Date: 6/30/2008
Drawdown: -16.74 % Date: 5/31/2008
Drawdown: -19.56 % Date: 4/30/2008
Drawdown: -21.29 % Date: 3/31/2008
Drawdown: -20.06 % Date: 2/29/2008
Drawdown: -19.80 % Date: 1/31/2008
Drawdown: -25.98 % Date: 12/31/2007
Drawdown: -28.61 % Date: 11/30/2007
Drawdown: -28.42 % Date: 10/31/2007
Drawdown: -27.48 % Date: 9/30/2007
Drawdown: -29.84 % Date: 8/31/2007
Drawdown: -33.14 % Date: 7/31/2007
Drawdown: -29.31 % Date: 6/30/2007
Drawdown: -28.43 % Date: 5/31/2007
Drawdown: -28.68 % Date: 4/30/2007
Drawdown: -28.80 % Date: 3/31/2007
Drawdown: -28.78 % Date: 2/28/2007
Drawdown: -26.73 % Date: 1/31/2007
Drawdown: -26.08 % Date: 12/31/2006
Drawdown: -25.10 % Date: 11/30/2006
Drawdown: -26.77 % Date: 10/31/2006
Drawdown: -26.86 % Date: 9/30/2006
Drawdown: -24.74 % Date: 8/31/2006
Drawdown: -25.27 % Date: 7/31/2006
Drawdown: -25.06 % Date: 6/30/2006
Drawdown: -22.16 % Date: 5/31/2006
Drawdown: -20.38 % Date: 4/30/2006
Drawdown: -17.19 % Date: 3/31/2006
Drawdown: -16.15 % Date: 2/28/2006
Drawdown: -17.66 % Date: 1/31/2006
Drawdown: -16.23 % Date: 12/31/2005
Drawdown: -16.31 % Date: 11/30/2005
Drawdown: -17.36 % Date: 10/31/2005
Drawdown: -18.83 % Date: 9/30/2005
Drawdown: -15.08 % Date: 8/31/2005
Drawdown: -17.88 % Date: 7/31/2005
Drawdown: -21.48 % Date: 6/30/2005
Drawdown: -19.67 % Date: 5/31/2005
Drawdown: -21.27 % Date: 4/30/2005
Drawdown: -21.56 % Date: 3/31/2005
Drawdown: -19.27 % Date: 2/28/2005
Drawdown: -18.22 % Date: 1/31/2005
Drawdown: -16.24 % Date: 12/31/2004
Drawdown: -17.35 % Date: 11/30/2004
Drawdown: -10.95 % Date: 10/31/2004
Drawdown: -11.30 % Date: 9/30/2004
Drawdown: -13.99 % Date: 8/31/2004
Drawdown: -27.90 % Date: 7/31/2004
Drawdown: -19.99 % Date: 6/30/2004
Drawdown: -18.74 % Date: 5/31/2004
Drawdown: -13.96 % Date: 4/30/2004
Drawdown: -9.13 % Date: 3/31/2004
Drawdown: -1.41 % Date: 2/29/2004
Drawdown: -7.22 % Date: 1/31/2004
Drawdown: -16.51 % Date: 12/31/2003
Drawdown: -18.49 % Date: 11/30/2003
Drawdown: -22.49 % Date: 10/31/2003
Drawdown: -24.91 % Date: 9/30/2003
Drawdown: -32.27 % Date: 8/31/2003
Drawdown: -28.59 % Date: 7/31/2003
Drawdown: -28.96 % Date: 6/30/2003
Drawdown: -20.83 % Date: 5/31/2003
Drawdown: -18.40 % Date: 4/30/2003
Drawdown: -17.90 % Date: 3/31/2003
Drawdown: -16.27 % Date: 2/28/2003
Drawdown: -9.18 % Date: 1/31/2003
Drawdown: -13.59 % Date: 12/31/2002
Drawdown: -20.32 % Date: 11/30/2002
Drawdown: -25.37 % Date: 10/31/2002
Drawdown: -25.06 % Date: 9/30/2002
Drawdown: -21.58 % Date: 8/31/2002
Drawdown: -24.82 % Date: 7/31/2002
Drawdown: -27.38 % Date: 6/30/2002
Drawdown: -26.06 % Date: 5/31/2002
Drawdown: -25.72 % Date: 4/30/2002
Drawdown: -23.00 % Date: 3/31/2002
Drawdown: -23.06 % Date: 2/28/2002
Drawdown: -7.18 % Date: 1/31/2002
Drawdown: -5.49 % Date: 12/31/2001
Drawdown: -7.23 % Date: 11/30/2001
Drawdown: -9.52 % Date: 10/31/2001
Drawdown: -5.23 % Date: 9/30/2001
Drawdown: -6.88 % Date: 8/31/2001
Drawdown: -9.23 % Date: 7/31/2001
Drawdown: -7.19 % Date: 6/30/2001
Drawdown: -2.49 % Date: 5/31/2001
Drawdown: -2.61 % Date: 4/30/2001
Drawdown: -4.61 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: -1.93 % Date: 1/31/2001
Drawdown: -4.67 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: 0.00 % Date: 10/31/2000
Drawdown: 0.00 % Date: 9/30/2000
Drawdown: -3.31 % Date: 8/31/2000
Drawdown: -3.04 % Date: 7/31/2000
Drawdown: -10.70 % Date: 6/30/2000
Drawdown: -10.32 % Date: 5/31/2000
Drawdown: -12.39 % Date: 4/30/2000
Drawdown: -17.23 % Date: 3/31/2000
Drawdown: -16.72 % Date: 2/29/2000
Drawdown: -12.42 % Date: 1/31/2000
Drawdown: -14.19 % Date: 12/31/1999
Drawdown: -13.57 % Date: 11/30/1999
Drawdown: -14.80 % Date: 10/31/1999
Drawdown: -13.84 % Date: 9/30/1999
Drawdown: -10.61 % Date: 8/31/1999
Drawdown: -11.76 % Date: 7/31/1999
Drawdown: -11.56 % Date: 6/30/1999
Drawdown: -14.80 % Date: 5/31/1999
Drawdown: -13.45 % Date: 4/30/1999
Drawdown: -11.99 % Date: 3/31/1999
Drawdown: -13.79 % Date: 2/28/1999
Drawdown: 0.00 % Date: 1/31/1999
Drawdown: 0.00 % Date: 12/31/1998
Drawdown: -2.05 % Date: 11/30/1998
Drawdown: -4.49 % Date: 10/31/1998
Drawdown: -8.02 % Date: 9/30/1998
Drawdown: -7.22 % 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: 0.00 % Date: 3/31/1998
Drawdown: 0.00 % Date: 2/28/1998
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Mount Lucas Management LP
Address: 405 South State St
City: Newtown
State: PA
Zip: 18940
Country: USA

Key People

Name:  Frank L. Vannerson
Position:  Principal
Biography: 


Name:  Timothy J. Rudderow
Position:  Principal
Biography: 

Timothy J. Rudderow is President of the General Partner which he helped to establish in 1986. Prior to the mergers which took place in October 1999, Mr. Rudderow was also a principal of Little Brook Corporation in New Jersey, which he joined in 1983 as Director of Research and Development, and of CA Partners, Inc., a company he helped form in 1990. Prior to joining Little Brook, Mr. Rudderow was employed by Commodities Corporation with responsibilities for the design and management of technical trading systems. Before joining Commodities Corporation, Mr. Rudderow taught Economics at Drexel University. Mr. Rudderow received a B.A. in Mathematics from Rutgers University in 1977 and an M.B.A. in Management Analysis from Drexel University in 1979.


Name:  Roger E. Alcaly
Position:  Principal
Biography: 

Roger E. Alcaly became a principal and Director of the General Partner when it merged with CA Partners, Inc., a company he formed with Messrs. Rudderow and Vannerson in 1990. Prior to helping form CA Partners, Mr. Alcaly was active in leveraged acquisitions, merger arbitrage, and value-oriented equity investing, first as a partner of Kellner DiLeo & Co. and KD Equities, and then at Riverside Capital, a company he formed after leaving those firms in May 1987. Before joining Kellner DiLeo, Mr. Alcaly served as Assistant Director of the Council on Wage and Price Stability and as a Senior Economist at the Federal Reserve Bank of New York, and taught Economics at Columbia University. Mr. Alcaly holds a B.A. from Amherst College and a Ph.D. in Economics from Princeton University.


Name:  Paul R. DeRosa
Position:  Principal
Biography: 

Paul R. DeRosa became a principal and Director of the General Partner when it merged with CA Partners, Inc., which he joined in January 1999. Mr. DeRosa began his career in the securities industry as the money market economist in Citibank’s bond trading division. He later became the bank’s chief proprietary bond trader and subsequently head of Citibank’s financial derivative and capital markets businesses in North America. In 1986 Mr. DeRosa joined E.F. Hutton Co. as co-head of bond trading with particular responsibility for mortgage trading and finance. In 1989 he helped to establish Eastbridge Holdings Inc., a bond and currency trading company in New York, and served as President and CEO from June 1995 to June 1998. Mr. DeRosa holds a Ph.D. in Economics from Columbia University.


Name:  Fred L. Vannerson
Position:  Principal
Biography: 

Frank L. Vannerson is Chairman, and a co-founder of the General Partner. He also helped form two other companies that merged with the General Partner in October 1999, Little Brook Corporation of New Jersey in 1980 and CA Partners, Inc. in 1990. In 1969, Mr. Vannerson co-founded Commodities Corporation and served that company as Senior Vice President and member of the Management Policy Committee from 1975 to 1980. From 1984 to 1989, he was a member of Commodities Corporation’s board of directors and a consultant to the Management Policy Committee. Before joining Commodities Corporation, Mr. Vannerson was a commodity economist with Nabisco Inc. and an economic consultant with Mathematica Inc. He holds a B.S. in Economics from Wichita State University and a Ph.D. in Economics from Princeton University where he was a member of the faculty in the Department of Economics from 1965 to 1966. He currently serves on the Advisory Council to the Princeton University Department of Economics.


Name:  Raymond E. Ix
Position:  Principal
Biography: 

Raymond E. Ix, Jr. is a Senior Vice President of the General Partner. Mr. Ix joined Mount Lucas in 1992 and is responsible for institutional marketing and client service. From 1989 to 1992, Mr. Ix was employed by Little Brook Corporation of New Jersey where he was involved in implementing the firm’s technical trading systems. Before joining Little Brook, Mr. Ix was the Fixed Income Administrative Manager at Delaware Management Company. Mr. Ix received a B.S. in accounting from Saint Joseph’s University in 1986.


Name:  James A. Mehling
Position:  Principal
Biography: 

James A. Mehling is a Vice President and Chief Operating Officer of the General Partner. Before joining Mount Lucas in June 1999, Mr. Mehling had served as President and Chief Investment Officer of Monitor Capital Advisors beginning in 1991. Mr. Mehling started his career in financial services with Merrill Lynch in 1976 and eventually managed a trading desk for Merrill Lynch Government Securities. He is a CFA® charter holder and has served as a volunteer on the CFA® examination grading committee. Mr. Mehling received a B.S. in Aviation Engineering at Western Michigan University in 1970.


Name:  John R. Oberkofler
Position:  Principal
Biography: 

John R. Oberkofler is a Vice President and Director of Trading for the General Partner. From 1986 to 1999, he was employed as Senior Trader by Little Brook Corporation of New Jersey. Mr. Oberkofler received a B.S. in Finance from Seton Hall University in 1982.


Additional Information

 Futures Sectors Traded
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Investment Methodology
 Technical Yes 
 Systematic Yes 
 Diversified Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Developed Only Yes 
 United States Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Short Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $10,000,000 
 Margin / Equity Ratio: 12% 
 Managed Account Availability: Open