Denali Asset Management, LLLP

Denali Partners Strategy *QEP*


Monthly Performance (%)

Date Range: 05/00 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 0.28 -1.20 -1.91 0.20   -2.62 
2018 1.03 -2.98 -0.81 1.61 -0.97 0.15 -1.27 0.11 -0.17 -3.03 -1.37 -0.37  -7.88 
2017 0.84 -1.12 -0.20 -1.69 -0.02 0.84 1.32 -0.87 -1.08 1.26 0.32 -0.40  -0.85 
2016 1.33 1.06 -1.08 -1.25 -0.76 -0.16 -0.21 -0.88 -0.82 1.71 3.78 0.55  3.20 
2015 5.64 -2.38 -0.02 -0.93 0.71 -1.58 1.87 3.36 -1.19 -2.76 -0.48 0.11  2.05 
2014 1.73 -1.38 -0.46 -1.01 0.21 -0.94 -0.64 0.31 0.28 2.73 1.19 2.71  4.72 
2013 1.31 -1.48 -0.09 -1.16 0.59 1.42 -0.99 0.24 -0.76 -1.47 0.66 -0.08  -1.85 
2012 -1.06 -1.27 -1.31 -1.01 5.60 -3.81 -0.46 0.15 0.80 -2.16 0.01 -0.34  -5.01 
2011 0.05 -0.77 -1.94 1.88 -0.27 -1.96 -0.87 3.85 4.18 -2.59 0.11 0.32  1.75 
2010 1.39 0.53 1.44 0.74 5.20 0.11 0.56 1.11 2.08 0.22 -0.90 1.22  14.46 
2009 1.15 -2.26 -2.11 0.66 3.86 -0.53 1.86 0.18 0.41 0.42 0.49 0.14  4.20 
2008 0.56 4.22 -3.33 6.61 2.71 -0.63 0.41 0.05 -0.99 5.70 1.87 0.92  19.15 
2007 2.74 -2.16 -0.23 2.75 3.72 3.55 -0.01 -5.50 3.61 1.26 -4.07 1.40  6.73 
2006 2.50 -0.90 1.48 -0.33 -1.35 1.77 -1.92 0.13 -1.08 0.54 -1.40 1.71  1.03 
2005 -2.08 0.82 -0.89 2.48 2.49 4.74 0.84 0.91 1.51 -1.99 2.65 0.22  12.11 
2004 0.51 4.24 4.16 -5.34 -2.60 -0.88 -0.43 1.78 -2.40 1.49 1.10 -0.59  0.62 
2003 3.53 6.05 4.24 1.26 9.46 0.79 -6.04 4.67 10.70 -9.52 -1.31 3.94  29.19 
2002 2.96 -0.38 0.53 0.89 2.21 7.29 9.05 -1.08 11.91 -1.41 -3.39 9.49  43.62 
2001 2.29 2.35 4.37 -1.53 3.75 1.80 4.84 0.99 7.96 9.36 0.39 3.05  46.96 
2000 -1.41 1.80 0.49 -2.44 6.02 7.84 10.14  23.90 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Denali is a discretionary global macro hedge fund that attempts to profit from opportunities in financial futures, foreign exchange, and commodity futures. Denali implements a unique investment strategy focused on the dynamic interrelationships of global markets, and how these develop over time. Denali relies upon the extensive experience and insights of the firm’s investment professionals to study the macroeconomic environment, market dynamics, and the marketinter-relationships to develop fundamental “themes” or “biases." Denali also utilizes technical trading techniques to both confirm these themes and to identify profitable entry and exit points for each trade. Denali has a strong emphasis on risk management and employs pragmatic trading, prudent position sizing, dynamic stops, and a multiple-confirmation based trading strategy to ensure that risk is controlled, measured, and appropriate for the market environment and its targeted return.

Performance Statistics

Date Range: 05/00 - 04/19
  Program S&P 500 Altegris 40 
Total Return 443.42% 194.00% 142.49% 
Annualized Return 9.36% 5.84% 4.77% 
Annualized Std. Deviation 9.98% 14.40% 10.09% 
Correlation -0.27 0.50 
Sharpe Ratio (rf=2.5%) 0.69 0.23 0.23 
Worst Month -9.52% -16.79% -7.77% 
Date of Worst Month 10/2003 10/2008 11/2001 
Worst Drawdown -12.31% -50.95% -15.74% 
Date of Worst Drawdown 8/15 - 3/19 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 05/00 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -2.62 18.24 5.17 
2018 -7.88 -4.38 -4.29 
2017 -0.85 21.84 1.24 
2016 3.20 11.98 -3.13 
2015 2.05 1.41 0.09 
2014 4.72 13.69 15.75 
2013 -1.85 32.41 -2.45 
2012 -5.01 15.98 -4.75 
2011 1.75 2.12 -3.23 
2010 14.46 15.06 11.33 
2009 4.20 26.45 -7.98 
2008 19.15 -36.99 15.47 
2007 6.73 5.50 7.18 
2006 1.03 15.79 6.70 
2005 12.11 4.89 4.51 
2004 0.62 10.87 2.57 
2003 29.19 28.69 15.99 
2002 43.62 -22.10 15.22 
2001 46.96 -11.88 5.39 
2000 23.90 -6.45 13.88 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 05/00 - 04/19
Date: 4/30/2019
Perf: $2,392.14 Date: 3/31/2019
Perf: $2,328.12 Date: 2/28/2019
Perf: $2,247.43 Date: 1/31/2019
Perf: $2,233.14 Date: 12/31/2018
Perf: $2,274.54 Date: 11/30/2018
Perf: $2,265.03 Date: 10/31/2018
Perf: $2,292.54 Date: 9/30/2018
Perf: $2,350.60 Date: 8/31/2018
Perf: $2,361.22 Date: 7/31/2018
Perf: $2,302.51 Date: 6/30/2018
Perf: $2,319.91 Date: 5/31/2018
Perf: $2,300.58 Date: 4/30/2018
Perf: $2,330.65 Date: 3/31/2018
Perf: $2,305.75 Date: 2/28/2018
Perf: $2,307.82 Date: 1/31/2018
Perf: $2,457.75 Date: 12/31/2017
Perf: $2,376.47 Date: 11/30/2017
Perf: $2,350.85 Date: 10/31/2017
Perf: $2,347.79 Date: 9/30/2017
Perf: $2,253.38 Date: 8/31/2017
Perf: $2,301.95 Date: 7/31/2017
Perf: $2,264.36 Date: 6/30/2017
Perf: $2,255.56 Date: 5/31/2017
Perf: $2,323.41 Date: 4/30/2017
Perf: $2,319.00 Date: 3/31/2017
Perf: $2,333.00 Date: 2/28/2017
Perf: $2,367.56 Date: 1/31/2017
Perf: $2,317.05 Date: 12/31/2016
Perf: $2,347.33 Date: 11/30/2016
Perf: $2,329.63 Date: 10/31/2016
Perf: $2,355.54 Date: 9/30/2016
Perf: $2,417.92 Date: 8/31/2016
Perf: $2,449.52 Date: 7/31/2016
Perf: $2,517.23 Date: 6/30/2016
Perf: $2,491.82 Date: 5/31/2016
Perf: $2,390.23 Date: 4/30/2016
Perf: $2,432.81 Date: 3/31/2016
Perf: $2,495.44 Date: 2/29/2016
Perf: $2,569.18 Date: 1/31/2016
Perf: $2,507.49 Date: 12/31/2015
Perf: $2,423.17 Date: 11/30/2015
Perf: $2,480.21 Date: 10/31/2015
Perf: $2,398.43 Date: 9/30/2015
Perf: $2,440.90 Date: 8/31/2015
Perf: $2,389.06 Date: 7/31/2015
Perf: $2,431.11 Date: 6/30/2015
Perf: $2,339.63 Date: 5/31/2015
Perf: $2,467.97 Date: 4/30/2015
Perf: $2,485.87 Date: 3/31/2015
Perf: $2,585.67 Date: 2/28/2015
Perf: $2,529.77 Date: 1/31/2015
Perf: $2,533.82 Date: 12/31/2014
Perf: $2,421.00 Date: 11/30/2014
Perf: $2,379.13 Date: 10/31/2014
Perf: $2,245.52 Date: 9/30/2014
Perf: $2,212.99 Date: 8/31/2014
Perf: $2,180.50 Date: 7/31/2014
Perf: $2,092.01 Date: 6/30/2014
Perf: $2,108.88 Date: 5/31/2014
Perf: $2,090.90 Date: 4/30/2014
Perf: $2,038.71 Date: 3/31/2014
Perf: $2,023.33 Date: 2/28/2014
Perf: $2,053.72 Date: 1/31/2014
Perf: $2,037.02 Date: 12/31/2013
Perf: $2,091.61 Date: 11/30/2013
Perf: $2,094.54 Date: 10/31/2013
Perf: $2,057.31 Date: 9/30/2013
Perf: $2,011.25 Date: 8/31/2013
Perf: $2,023.39 Date: 7/31/2013
Perf: $2,063.00 Date: 6/30/2013
Perf: $2,081.10 Date: 5/31/2013
Perf: $2,163.09 Date: 4/30/2013
Perf: $2,260.28 Date: 3/31/2013
Perf: $2,203.43 Date: 2/28/2013
Perf: $2,172.15 Date: 1/31/2013
Perf: $2,184.82 Date: 12/31/2012
Perf: $2,144.08 Date: 11/30/2012
Perf: $2,133.63 Date: 10/31/2012
Perf: $2,127.67 Date: 9/30/2012
Perf: $2,207.59 Date: 8/31/2012
Perf: $2,244.62 Date: 7/31/2012
Perf: $2,275.57 Date: 6/30/2012
Perf: $2,186.16 Date: 5/31/2012
Perf: $2,271.57 Date: 4/30/2012
Perf: $2,229.21 Date: 3/31/2012
Perf: $2,215.92 Date: 2/29/2012
Perf: $2,267.39 Date: 1/31/2012
Perf: $2,258.13 Date: 12/31/2011
Perf: $2,250.93 Date: 11/30/2011
Perf: $2,229.52 Date: 10/31/2011
Perf: $2,222.85 Date: 9/30/2011
Perf: $2,314.51 Date: 8/31/2011
Perf: $2,315.90 Date: 7/31/2011
Perf: $2,320.54 Date: 6/30/2011
Perf: $2,240.12 Date: 5/31/2011
Perf: $2,299.92 Date: 4/30/2011
Perf: $2,387.04 Date: 3/31/2011
Perf: $2,297.44 Date: 2/28/2011
Perf: $2,333.14 Date: 1/31/2011
Perf: $2,294.14 Date: 12/31/2010
Perf: $2,326.01 Date: 11/30/2010
Perf: $2,230.33 Date: 10/31/2010
Perf: $2,312.18 Date: 9/30/2010
Perf: $2,225.81 Date: 8/31/2010
Perf: $2,186.03 Date: 7/31/2010
Perf: $2,099.13 Date: 6/30/2010
Perf: $2,126.56 Date: 5/31/2010
Perf: $2,118.51 Date: 4/30/2010
Perf: $2,171.05 Date: 3/31/2010
Perf: $2,138.12 Date: 2/28/2010
Perf: $2,056.48 Date: 1/31/2010
Perf: $2,037.33 Date: 12/31/2009
Perf: $2,089.35 Date: 11/30/2009
Perf: $2,176.41 Date: 10/31/2009
Perf: $2,092.10 Date: 9/30/2009
Perf: $2,147.06 Date: 8/31/2009
Perf: $2,097.15 Date: 7/31/2009
Perf: $2,090.25 Date: 6/30/2009
Perf: $2,092.55 Date: 5/31/2009
Perf: $2,149.74 Date: 4/30/2009
Perf: $2,120.47 Date: 3/31/2009
Perf: $2,192.16 Date: 2/28/2009
Perf: $2,254.61 Date: 1/31/2009
Perf: $2,255.74 Date: 12/31/2008
Perf: $2,270.50 Date: 11/30/2008
Perf: $2,213.61 Date: 10/31/2008
Perf: $2,135.24 Date: 9/30/2008
Perf: $2,030.66 Date: 8/31/2008
Perf: $2,026.41 Date: 7/31/2008
Perf: $2,082.00 Date: 6/30/2008
Perf: $2,182.16 Date: 5/31/2008
Perf: $2,125.41 Date: 4/30/2008
Perf: $2,082.51 Date: 3/31/2008
Perf: $2,106.74 Date: 2/29/2008
Perf: $2,116.05 Date: 1/31/2008
Perf: $2,002.13 Date: 12/31/2007
Perf: $1,966.34 Date: 11/30/2007
Perf: $1,970.87 Date: 10/31/2007
Perf: $1,983.77 Date: 9/30/2007
Perf: $1,901.80 Date: 8/31/2007
Perf: $1,816.95 Date: 7/31/2007
Perf: $1,887.35 Date: 6/30/2007
Perf: $1,947.52 Date: 5/31/2007
Perf: $1,892.82 Date: 4/30/2007
Perf: $1,827.58 Date: 3/31/2007
Perf: $1,753.91 Date: 2/28/2007
Perf: $1,795.94 Date: 1/31/2007
Perf: $1,865.91 Date: 12/31/2006
Perf: $1,834.54 Date: 11/30/2006
Perf: $1,774.56 Date: 10/31/2006
Perf: $1,732.12 Date: 9/30/2006
Perf: $1,713.28 Date: 8/31/2006
Perf: $1,731.63 Date: 7/31/2006
Perf: $1,712.45 Date: 6/30/2006
Perf: $1,738.18 Date: 5/31/2006
Perf: $1,762.32 Date: 4/30/2006
Perf: $1,810.29 Date: 3/31/2006
Perf: $1,767.17 Date: 2/28/2006
Perf: $1,721.05 Date: 1/31/2006
Perf: $1,752.24 Date: 12/31/2005
Perf: $1,719.40 Date: 11/30/2005
Perf: $1,751.09 Date: 10/31/2005
Perf: $1,679.06 Date: 9/30/2005
Perf: $1,676.38 Date: 8/31/2005
Perf: $1,650.96 Date: 7/31/2005
Perf: $1,642.09 Date: 6/30/2005
Perf: $1,641.10 Date: 5/31/2005
Perf: $1,586.99 Date: 4/30/2005
Perf: $1,539.42 Date: 3/31/2005
Perf: $1,578.08 Date: 2/28/2005
Perf: $1,586.97 Date: 1/31/2005
Perf: $1,576.09 Date: 12/31/2004
Perf: $1,645.19 Date: 11/30/2004
Perf: $1,639.78 Date: 10/31/2004
Perf: $1,555.62 Date: 9/30/2004
Perf: $1,504.18 Date: 8/31/2004
Perf: $1,484.14 Date: 7/31/2004
Perf: $1,494.46 Date: 6/30/2004
Perf: $1,511.69 Date: 5/31/2004
Perf: $1,563.28 Date: 4/30/2004
Perf: $1,588.53 Date: 3/31/2004
Perf: $1,693.89 Date: 2/29/2004
Perf: $1,710.66 Date: 1/31/2004
Perf: $1,619.33 Date: 12/31/2003
Perf: $1,603.93 Date: 11/30/2003
Perf: $1,537.36 Date: 10/31/2003
Perf: $1,541.99 Date: 9/30/2003
Perf: $1,508.06 Date: 8/31/2003
Perf: $1,515.03 Date: 7/31/2003
Perf: $1,500.92 Date: 6/30/2003
Perf: $1,535.62 Date: 5/31/2003
Perf: $1,575.16 Date: 4/30/2003
Perf: $1,487.82 Date: 3/31/2003
Perf: $1,466.27 Date: 2/28/2003
Perf: $1,555.23 Date: 1/31/2003
Perf: $1,467.61 Date: 12/31/2002
Perf: $1,382.84 Date: 11/30/2002
Perf: $1,303.46 Date: 10/31/2002
Perf: $1,340.46 Date: 9/30/2002
Perf: $1,413.69 Date: 8/31/2002
Perf: $1,351.39 Date: 7/31/2002
Perf: $1,319.59 Date: 6/30/2002
Perf: $1,252.69 Date: 5/31/2002
Perf: $1,150.95 Date: 4/30/2002
Perf: $1,121.89 Date: 3/31/2002
Perf: $1,149.01 Date: 2/28/2002
Perf: $1,152.35 Date: 1/31/2002
Perf: $1,185.79 Date: 12/31/2001
Perf: $1,200.19 Date: 11/30/2001
Perf: $1,175.39 Date: 10/31/2001
Perf: $1,274.41 Date: 9/30/2001
Perf: $1,221.64 Date: 8/31/2001
Perf: $1,185.14 Date: 7/31/2001
Perf: $1,150.73 Date: 6/30/2001
Perf: $1,148.20 Date: 5/31/2001
Perf: $1,160.98 Date: 4/30/2001
Perf: $1,160.63 Date: 3/31/2001
Perf: $1,236.82 Date: 2/28/2001
Perf: $1,161.55 Date: 1/31/2001
Perf: $1,150.62 Date: 12/31/2000
Perf: $1,138.77 Date: 11/30/2000
Perf: $1,052.18 Date: 10/31/2000
Perf: $990.19 Date: 9/30/2000
Perf: $969.92 Date: 8/31/2000
Perf: $987.10 Date: 7/31/2000
Perf: $967.17 Date: 6/30/2000
Perf: $984.50 Date: 5/31/2000
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,001.51 Date: 3/31/2019
Perf: $2,884.68 Date: 2/28/2019
Perf: $2,829.78 Date: 1/31/2019
Perf: $2,741.77 Date: 12/31/2018
Perf: $2,538.44 Date: 11/30/2018
Perf: $2,790.42 Date: 10/31/2018
Perf: $2,734.63 Date: 9/30/2018
Perf: $2,935.41 Date: 8/31/2018
Perf: $2,918.77 Date: 7/31/2018
Perf: $2,826.63 Date: 6/30/2018
Perf: $2,725.25 Date: 5/31/2018
Perf: $2,708.45 Date: 4/30/2018
Perf: $2,644.72 Date: 3/31/2018
Perf: $2,634.70 Date: 2/28/2018
Perf: $2,703.37 Date: 1/31/2018
Perf: $2,806.95 Date: 12/31/2017
Perf: $2,654.83 Date: 11/30/2017
Perf: $2,625.68 Date: 10/31/2017
Perf: $2,547.47 Date: 9/30/2017
Perf: $2,489.47 Date: 8/31/2017
Perf: $2,439.22 Date: 7/31/2017
Perf: $2,431.68 Date: 6/30/2017
Perf: $2,382.60 Date: 5/31/2017
Perf: $2,367.92 Date: 4/30/2017
Perf: $2,335.00 Date: 3/31/2017
Perf: $2,311.19 Date: 2/28/2017
Perf: $2,308.42 Date: 1/31/2017
Perf: $2,220.28 Date: 12/31/2016
Perf: $2,178.88 Date: 11/30/2016
Perf: $2,136.57 Date: 10/31/2016
Perf: $2,060.34 Date: 9/30/2016
Perf: $2,098.53 Date: 8/31/2016
Perf: $2,098.11 Date: 7/31/2016
Perf: $2,095.18 Date: 6/30/2016
Perf: $2,020.62 Date: 5/31/2016
Perf: $2,015.38 Date: 4/30/2016
Perf: $1,979.74 Date: 3/31/2016
Perf: $1,972.05 Date: 2/29/2016
Perf: $1,846.84 Date: 1/31/2016
Perf: $1,849.24 Date: 12/31/2015
Perf: $1,945.75 Date: 11/30/2015
Perf: $1,976.99 Date: 10/31/2015
Perf: $1,971.07 Date: 9/30/2015
Perf: $1,817.66 Date: 8/31/2015
Perf: $1,863.70 Date: 7/31/2015
Perf: $1,983.29 Date: 6/30/2015
Perf: $1,942.50 Date: 5/31/2015
Perf: $1,980.93 Date: 4/30/2015
Perf: $1,955.70 Date: 3/31/2015
Perf: $1,937.10 Date: 2/28/2015
Perf: $1,968.20 Date: 1/31/2015
Perf: $1,861.18 Date: 12/31/2014
Perf: $1,918.74 Date: 11/30/2014
Perf: $1,923.55 Date: 10/31/2014
Perf: $1,873.16 Date: 9/30/2014
Perf: $1,828.55 Date: 8/31/2014
Perf: $1,854.51 Date: 7/31/2014
Perf: $1,783.18 Date: 6/30/2014
Perf: $1,808.14 Date: 5/31/2014
Perf: $1,771.47 Date: 4/30/2014
Perf: $1,730.79 Date: 3/31/2014
Perf: $1,718.08 Date: 2/28/2014
Perf: $1,703.77 Date: 1/31/2014
Perf: $1,629.31 Date: 12/31/2013
Perf: $1,687.70 Date: 11/30/2013
Perf: $1,646.06 Date: 10/31/2013
Perf: $1,597.34 Date: 9/30/2013
Perf: $1,527.09 Date: 8/31/2013
Perf: $1,480.60 Date: 7/31/2013
Perf: $1,524.82 Date: 6/30/2013
Perf: $1,450.97 Date: 5/31/2013
Perf: $1,470.67 Date: 4/30/2013
Perf: $1,437.05 Date: 3/31/2013
Perf: $1,409.84 Date: 2/28/2013
Perf: $1,358.88 Date: 1/31/2013
Perf: $1,340.65 Date: 12/31/2012
Perf: $1,274.62 Date: 11/30/2012
Perf: $1,263.13 Date: 10/31/2012
Perf: $1,255.84 Date: 9/30/2012
Perf: $1,279.51 Date: 8/31/2012
Perf: $1,247.33 Date: 7/31/2012
Perf: $1,219.89 Date: 6/30/2012
Perf: $1,203.16 Date: 5/31/2012
Perf: $1,155.55 Date: 4/30/2012
Perf: $1,229.44 Date: 3/31/2012
Perf: $1,237.24 Date: 2/29/2012
Perf: $1,197.83 Date: 1/31/2012
Perf: $1,148.22 Date: 12/31/2011
Perf: $1,098.99 Date: 11/30/2011
Perf: $1,087.89 Date: 10/31/2011
Perf: $1,090.29 Date: 9/30/2011
Perf: $982.86 Date: 8/31/2011
Perf: $1,057.19 Date: 7/31/2011
Perf: $1,117.89 Date: 6/30/2011
Perf: $1,141.05 Date: 5/31/2011
Perf: $1,160.43 Date: 4/30/2011
Perf: $1,173.69 Date: 3/31/2011
Perf: $1,139.95 Date: 2/28/2011
Perf: $1,139.49 Date: 1/31/2011
Perf: $1,101.70 Date: 12/31/2010
Perf: $1,076.20 Date: 11/30/2010
Perf: $1,008.81 Date: 10/31/2010
Perf: $1,008.71 Date: 9/30/2010
Perf: $971.69 Date: 8/31/2010
Perf: $892.11 Date: 7/31/2010
Perf: $934.25 Date: 6/30/2010
Perf: $873.05 Date: 5/31/2010
Perf: $921.23 Date: 4/30/2010
Perf: $1,001.22 Date: 3/31/2010
Perf: $985.65 Date: 2/28/2010
Perf: $929.60 Date: 1/31/2010
Perf: $901.64 Date: 12/31/2009
Perf: $935.32 Date: 11/30/2009
Perf: $917.61 Date: 10/31/2009
Perf: $865.67 Date: 9/30/2009
Perf: $882.07 Date: 8/31/2009
Perf: $850.35 Date: 7/31/2009
Perf: $820.73 Date: 6/30/2009
Perf: $763.04 Date: 5/31/2009
Perf: $761.52 Date: 4/30/2009
Perf: $721.20 Date: 3/31/2009
Perf: $658.21 Date: 2/28/2009
Perf: $605.20 Date: 1/31/2009
Perf: $677.33 Date: 12/31/2008
Perf: $739.69 Date: 11/30/2008
Perf: $731.93 Date: 10/31/2008
Perf: $788.55 Date: 9/30/2008
Perf: $947.66 Date: 8/31/2008
Perf: $1,040.35 Date: 7/31/2008
Perf: $1,025.49 Date: 6/30/2008
Perf: $1,034.17 Date: 5/31/2008
Perf: $1,129.38 Date: 4/30/2008
Perf: $1,114.89 Date: 3/31/2008
Perf: $1,063.11 Date: 2/29/2008
Perf: $1,067.70 Date: 1/31/2008
Perf: $1,103.57 Date: 12/31/2007
Perf: $1,174.01 Date: 11/30/2007
Perf: $1,182.17 Date: 10/31/2007
Perf: $1,233.74 Date: 9/30/2007
Perf: $1,214.43 Date: 8/31/2007
Perf: $1,170.65 Date: 7/31/2007
Perf: $1,153.34 Date: 6/30/2007
Perf: $1,190.24 Date: 5/31/2007
Perf: $1,210.33 Date: 4/30/2007
Perf: $1,169.52 Date: 3/31/2007
Perf: $1,119.91 Date: 2/28/2007
Perf: $1,107.50 Date: 1/31/2007
Perf: $1,129.64 Date: 12/31/2006
Perf: $1,112.84 Date: 11/30/2006
Perf: $1,097.47 Date: 10/31/2006
Perf: $1,077.01 Date: 9/30/2006
Perf: $1,043.01 Date: 8/31/2006
Perf: $1,016.78 Date: 7/31/2006
Perf: $993.14 Date: 6/30/2006
Perf: $987.02 Date: 5/31/2006
Perf: $985.64 Date: 4/30/2006
Perf: $1,014.87 Date: 3/31/2006
Perf: $1,001.45 Date: 2/28/2006
Perf: $989.18 Date: 1/31/2006
Perf: $986.52 Date: 12/31/2005
Perf: $961.05 Date: 11/30/2005
Perf: $960.76 Date: 10/31/2005
Perf: $925.77 Date: 9/30/2005
Perf: $941.49 Date: 8/31/2005
Perf: $933.93 Date: 7/31/2005
Perf: $942.50 Date: 6/30/2005
Perf: $908.70 Date: 5/31/2005
Perf: $907.43 Date: 4/30/2005
Perf: $879.46 Date: 3/31/2005
Perf: $896.50 Date: 2/28/2005
Perf: $912.65 Date: 1/31/2005
Perf: $893.88 Date: 12/31/2004
Perf: $916.24 Date: 11/30/2004
Perf: $886.11 Date: 10/31/2004
Perf: $851.62 Date: 9/30/2004
Perf: $838.78 Date: 8/31/2004
Perf: $829.82 Date: 7/31/2004
Perf: $826.52 Date: 6/30/2004
Perf: $854.81 Date: 5/31/2004
Perf: $838.54 Date: 4/30/2004
Perf: $827.21 Date: 3/31/2004
Perf: $840.40 Date: 2/29/2004
Perf: $853.29 Date: 1/31/2004
Perf: $841.59 Date: 12/31/2003
Perf: $826.38 Date: 11/30/2003
Perf: $785.24 Date: 10/31/2003
Perf: $778.39 Date: 9/30/2003
Perf: $736.69 Date: 8/31/2003
Perf: $744.58 Date: 7/31/2003
Perf: $730.34 Date: 6/30/2003
Perf: $717.71 Date: 5/31/2003
Perf: $708.64 Date: 4/30/2003
Perf: $673.16 Date: 3/31/2003
Perf: $621.92 Date: 2/28/2003
Perf: $615.94 Date: 1/31/2003
Perf: $625.32 Date: 12/31/2002
Perf: $642.15 Date: 11/30/2002
Perf: $682.19 Date: 10/31/2002
Perf: $644.25 Date: 9/30/2002
Perf: $592.14 Date: 8/31/2002
Perf: $664.35 Date: 7/31/2002
Perf: $660.00 Date: 6/30/2002
Perf: $715.83 Date: 5/31/2002
Perf: $770.71 Date: 4/30/2002
Perf: $776.45 Date: 3/31/2002
Perf: $826.54 Date: 2/28/2002
Perf: $796.59 Date: 1/31/2002
Perf: $812.27 Date: 12/31/2001
Perf: $824.30 Date: 11/30/2001
Perf: $817.11 Date: 10/31/2001
Perf: $758.90 Date: 9/30/2001
Perf: $744.68 Date: 8/31/2001
Perf: $810.14 Date: 7/31/2001
Perf: $864.24 Date: 6/30/2001
Perf: $872.79 Date: 5/31/2001
Perf: $894.53 Date: 4/30/2001
Perf: $888.58 Date: 3/31/2001
Perf: $824.51 Date: 2/28/2001
Perf: $880.32 Date: 1/31/2001
Perf: $968.67 Date: 12/31/2000
Perf: $935.46 Date: 11/30/2000
Perf: $930.90 Date: 10/31/2000
Perf: $1,010.53 Date: 9/30/2000
Perf: $1,014.79 Date: 8/31/2000
Perf: $1,071.36 Date: 7/31/2000
Perf: $1,008.71 Date: 6/30/2000
Perf: $1,024.70 Date: 5/31/2000
Perf: $1,000.00 Date: 4/30/2019
Perf: $5,434.16 Date: 3/31/2019
Perf: $5,423.31 Date: 2/28/2019
Perf: $5,528.91 Date: 1/31/2019
Perf: $5,596.06 Date: 12/31/2018
Perf: $5,580.44 Date: 11/30/2018
Perf: $5,601.16 Date: 10/31/2018
Perf: $5,678.96 Date: 9/30/2018
Perf: $5,856.41 Date: 8/31/2018
Perf: $5,866.39 Date: 7/31/2018
Perf: $5,859.94 Date: 6/30/2018
Perf: $5,935.32 Date: 5/31/2018
Perf: $5,926.43 Date: 4/30/2018
Perf: $5,984.48 Date: 3/31/2018
Perf: $5,889.66 Date: 2/28/2018
Perf: $5,937.75 Date: 1/31/2018
Perf: $6,120.13 Date: 12/31/2017
Perf: $6,057.74 Date: 11/30/2017
Perf: $6,082.06 Date: 10/31/2017
Perf: $6,062.66 Date: 9/30/2017
Perf: $5,987.23 Date: 8/31/2017
Perf: $6,052.59 Date: 7/31/2017
Perf: $6,105.71 Date: 6/30/2017
Perf: $6,026.17 Date: 5/31/2017
Perf: $5,975.97 Date: 4/30/2017
Perf: $5,977.16 Date: 3/31/2017
Perf: $6,079.92 Date: 2/28/2017
Perf: $6,092.10 Date: 1/31/2017
Perf: $6,161.10 Date: 12/31/2016
Perf: $6,109.78 Date: 11/30/2016
Perf: $6,076.36 Date: 10/31/2016
Perf: $5,855.04 Date: 9/30/2016
Perf: $5,756.60 Date: 8/31/2016
Perf: $5,804.20 Date: 7/31/2016
Perf: $5,855.73 Date: 6/30/2016
Perf: $5,868.05 Date: 5/31/2016
Perf: $5,877.45 Date: 4/30/2016
Perf: $5,922.47 Date: 3/31/2016
Perf: $5,997.43 Date: 2/29/2016
Perf: $6,062.91 Date: 1/31/2016
Perf: $5,999.32 Date: 12/31/2015
Perf: $5,920.58 Date: 11/30/2015
Perf: $5,914.07 Date: 10/31/2015
Perf: $5,942.60 Date: 9/30/2015
Perf: $6,111.27 Date: 8/31/2015
Perf: $6,184.87 Date: 7/31/2015
Perf: $5,983.81 Date: 6/30/2015
Perf: $5,873.97 Date: 5/31/2015
Perf: $5,968.27 Date: 4/30/2015
Perf: $5,926.19 Date: 3/31/2015
Perf: $5,981.82 Date: 2/28/2015
Perf: $5,983.02 Date: 1/31/2015
Perf: $6,128.88 Date: 12/31/2014
Perf: $5,801.67 Date: 11/30/2014
Perf: $5,648.59 Date: 10/31/2014
Perf: $5,582.17 Date: 9/30/2014
Perf: $5,433.82 Date: 8/31/2014
Perf: $5,418.65 Date: 7/31/2014
Perf: $5,401.90 Date: 6/30/2014
Perf: $5,436.70 Date: 5/31/2014
Perf: $5,488.29 Date: 4/30/2014
Perf: $5,476.79 Date: 3/31/2014
Perf: $5,532.67 Date: 2/28/2014
Perf: $5,558.24 Date: 1/31/2014
Perf: $5,636.01 Date: 12/31/2013
Perf: $5,540.17 Date: 11/30/2013
Perf: $5,544.60 Date: 10/31/2013
Perf: $5,508.25 Date: 9/30/2013
Perf: $5,590.43 Date: 8/31/2013
Perf: $5,633.24 Date: 7/31/2013
Perf: $5,619.75 Date: 6/30/2013
Perf: $5,675.95 Date: 5/31/2013
Perf: $5,596.48 Date: 4/30/2013
Perf: $5,563.65 Date: 3/31/2013
Perf: $5,628.95 Date: 2/28/2013
Perf: $5,634.02 Date: 1/31/2013
Perf: $5,718.65 Date: 12/31/2012
Perf: $5,644.71 Date: 11/30/2012
Perf: $5,663.96 Date: 10/31/2012
Perf: $5,663.40 Date: 9/30/2012
Perf: $5,788.43 Date: 8/31/2012
Perf: $5,742.49 Date: 7/31/2012
Perf: $5,733.89 Date: 6/30/2012
Perf: $5,760.39 Date: 5/31/2012
Perf: $5,988.55 Date: 4/30/2012
Perf: $5,670.97 Date: 3/31/2012
Perf: $5,728.84 Date: 2/29/2012
Perf: $5,804.88 Date: 1/31/2012
Perf: $5,879.55 Date: 12/31/2011
Perf: $5,942.54 Date: 11/30/2011
Perf: $5,923.59 Date: 10/31/2011
Perf: $5,917.08 Date: 9/30/2011
Perf: $6,074.40 Date: 8/31/2011
Perf: $5,830.68 Date: 7/31/2011
Perf: $5,614.52 Date: 6/30/2011
Perf: $5,663.80 Date: 5/31/2011
Perf: $5,777.03 Date: 4/30/2011
Perf: $5,792.67 Date: 3/31/2011
Perf: $5,685.77 Date: 2/28/2011
Perf: $5,798.26 Date: 1/31/2011
Perf: $5,843.25 Date: 12/31/2010
Perf: $5,840.33 Date: 11/30/2010
Perf: $5,769.94 Date: 10/31/2010
Perf: $5,822.34 Date: 9/30/2010
Perf: $5,809.56 Date: 8/31/2010
Perf: $5,691.18 Date: 7/31/2010
Perf: $5,628.70 Date: 6/30/2010
Perf: $5,597.36 Date: 5/31/2010
Perf: $5,591.21 Date: 4/30/2010
Perf: $5,314.84 Date: 3/31/2010
Perf: $5,275.80 Date: 2/28/2010
Perf: $5,200.90 Date: 1/31/2010
Perf: $5,173.48 Date: 12/31/2009
Perf: $5,102.56 Date: 11/30/2009
Perf: $5,095.43 Date: 10/31/2009
Perf: $5,070.58 Date: 9/30/2009
Perf: $5,049.37 Date: 8/31/2009
Perf: $5,028.75 Date: 7/31/2009
Perf: $5,019.72 Date: 6/30/2009
Perf: $4,928.06 Date: 5/31/2009
Perf: $4,954.31 Date: 4/30/2009
Perf: $4,770.19 Date: 3/31/2009
Perf: $4,738.91 Date: 2/28/2009
Perf: $4,841.05 Date: 1/31/2009
Perf: $4,952.99 Date: 12/31/2008
Perf: $4,896.68 Date: 11/30/2008
Perf: $4,852.04 Date: 10/31/2008
Perf: $4,762.97 Date: 9/30/2008
Perf: $4,506.13 Date: 8/31/2008
Perf: $4,551.18 Date: 7/31/2008
Perf: $4,548.91 Date: 6/30/2008
Perf: $4,530.33 Date: 5/31/2008
Perf: $4,559.06 Date: 4/30/2008
Perf: $4,438.76 Date: 3/31/2008
Perf: $4,163.55 Date: 2/29/2008
Perf: $4,306.98 Date: 1/31/2008
Perf: $4,132.58 Date: 12/31/2007
Perf: $4,109.57 Date: 11/30/2007
Perf: $4,052.83 Date: 10/31/2007
Perf: $4,224.78 Date: 9/30/2007
Perf: $4,172.21 Date: 8/31/2007
Perf: $4,026.84 Date: 7/31/2007
Perf: $4,261.20 Date: 6/30/2007
Perf: $4,261.63 Date: 5/31/2007
Perf: $4,115.53 Date: 4/30/2007
Perf: $3,967.92 Date: 3/31/2007
Perf: $3,861.72 Date: 2/28/2007
Perf: $3,870.63 Date: 1/31/2007
Perf: $3,956.08 Date: 12/31/2006
Perf: $3,850.57 Date: 11/30/2006
Perf: $3,785.83 Date: 10/31/2006
Perf: $3,839.59 Date: 9/30/2006
Perf: $3,818.97 Date: 8/31/2006
Perf: $3,860.66 Date: 7/31/2006
Perf: $3,855.65 Date: 6/30/2006
Perf: $3,931.13 Date: 5/31/2006
Perf: $3,862.76 Date: 4/30/2006
Perf: $3,915.62 Date: 3/31/2006
Perf: $3,928.58 Date: 2/28/2006
Perf: $3,871.29 Date: 1/31/2006
Perf: $3,906.44 Date: 12/31/2005
Perf: $3,811.17 Date: 11/30/2005
Perf: $3,802.80 Date: 10/31/2005
Perf: $3,704.63 Date: 9/30/2005
Perf: $3,779.85 Date: 8/31/2005
Perf: $3,723.62 Date: 7/31/2005
Perf: $3,690.04 Date: 6/30/2005
Perf: $3,659.30 Date: 5/31/2005
Perf: $3,493.70 Date: 4/30/2005
Perf: $3,408.82 Date: 3/31/2005
Perf: $3,326.33 Date: 2/28/2005
Perf: $3,356.20 Date: 1/31/2005
Perf: $3,328.90 Date: 12/31/2004
Perf: $3,399.61 Date: 11/30/2004
Perf: $3,419.79 Date: 10/31/2004
Perf: $3,382.58 Date: 9/30/2004
Perf: $3,332.92 Date: 8/31/2004
Perf: $3,414.88 Date: 7/31/2004
Perf: $3,355.16 Date: 6/30/2004
Perf: $3,369.65 Date: 5/31/2004
Perf: $3,399.56 Date: 4/30/2004
Perf: $3,490.31 Date: 3/31/2004
Perf: $3,687.21 Date: 2/29/2004
Perf: $3,539.94 Date: 1/31/2004
Perf: $3,395.96 Date: 12/31/2003
Perf: $3,378.72 Date: 11/30/2003
Perf: $3,250.65 Date: 10/31/2003
Perf: $3,293.80 Date: 9/30/2003
Perf: $3,640.36 Date: 8/31/2003
Perf: $3,288.49 Date: 7/31/2003
Perf: $3,141.77 Date: 6/30/2003
Perf: $3,343.73 Date: 5/31/2003
Perf: $3,317.52 Date: 4/30/2003
Perf: $3,030.81 Date: 3/31/2003
Perf: $2,993.10 Date: 2/28/2003
Perf: $2,871.35 Date: 1/31/2003
Perf: $2,707.54 Date: 12/31/2002
Perf: $2,615.23 Date: 11/30/2002
Perf: $2,388.55 Date: 10/31/2002
Perf: $2,472.37 Date: 9/30/2002
Perf: $2,507.73 Date: 8/31/2002
Perf: $2,240.84 Date: 7/31/2002
Perf: $2,265.31 Date: 6/30/2002
Perf: $2,077.31 Date: 5/31/2002
Perf: $1,936.16 Date: 4/30/2002
Perf: $1,894.30 Date: 3/31/2002
Perf: $1,877.59 Date: 2/28/2002
Perf: $1,867.69 Date: 1/31/2002
Perf: $1,874.81 Date: 12/31/2001
Perf: $1,820.92 Date: 11/30/2001
Perf: $1,767.02 Date: 10/31/2001
Perf: $1,760.16 Date: 9/30/2001
Perf: $1,609.51 Date: 8/31/2001
Perf: $1,490.84 Date: 7/31/2001
Perf: $1,476.22 Date: 6/30/2001
Perf: $1,408.07 Date: 5/31/2001
Perf: $1,383.17 Date: 4/30/2001
Perf: $1,333.18 Date: 3/31/2001
Perf: $1,353.89 Date: 2/28/2001
Perf: $1,297.21 Date: 1/31/2001
Perf: $1,267.42 Date: 12/31/2000
Perf: $1,239.05 Date: 11/30/2000
Perf: $1,124.98 Date: 10/31/2000
Perf: $1,043.19 Date: 9/30/2000
Perf: $983.96 Date: 8/31/2000
Perf: $1,008.56 Date: 7/31/2000
Perf: $1,003.65 Date: 6/30/2000
Perf: $985.90 Date: 5/31/2000
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 05/00 - 04/19
Date: 4/30/2019
Return: 0.20 % Date: 3/31/2019
Return: -1.91 % Date: 2/28/2019
Return: -1.20 % Date: 1/31/2019
Return: 0.28 % Date: 12/31/2018
Return: -0.37 % Date: 11/30/2018
Return: -1.37 % Date: 10/31/2018
Return: -3.03 % Date: 9/30/2018
Return: -0.17 % Date: 8/31/2018
Return: 0.11 % Date: 7/31/2018
Return: -1.27 % Date: 6/30/2018
Return: 0.15 % Date: 5/31/2018
Return: -0.97 % Date: 4/30/2018
Return: 1.61 % Date: 3/31/2018
Return: -0.81 % Date: 2/28/2018
Return: -2.98 % Date: 1/31/2018
Return: 1.03 % Date: 12/31/2017
Return: -0.40 % Date: 11/30/2017
Return: 0.32 % Date: 10/31/2017
Return: 1.26 % Date: 9/30/2017
Return: -1.08 % Date: 8/31/2017
Return: -0.87 % Date: 7/31/2017
Return: 1.32 % Date: 6/30/2017
Return: 0.84 % Date: 5/31/2017
Return: -0.02 % Date: 4/30/2017
Return: -1.69 % Date: 3/31/2017
Return: -0.20 % Date: 2/28/2017
Return: -1.12 % Date: 1/31/2017
Return: 0.84 % Date: 12/31/2016
Return: 0.55 % Date: 11/30/2016
Return: 3.78 % Date: 10/31/2016
Return: 1.71 % Date: 9/30/2016
Return: -0.82 % Date: 8/31/2016
Return: -0.88 % Date: 7/31/2016
Return: -0.21 % Date: 6/30/2016
Return: -0.16 % Date: 5/31/2016
Return: -0.76 % Date: 4/30/2016
Return: -1.25 % Date: 3/31/2016
Return: -1.08 % Date: 2/29/2016
Return: 1.06 % Date: 1/31/2016
Return: 1.33 % Date: 12/31/2015
Return: 0.11 % Date: 11/30/2015
Return: -0.48 % Date: 10/31/2015
Return: -2.76 % Date: 9/30/2015
Return: -1.19 % Date: 8/31/2015
Return: 3.36 % Date: 7/31/2015
Return: 1.87 % Date: 6/30/2015
Return: -1.58 % Date: 5/31/2015
Return: 0.71 % Date: 4/30/2015
Return: -0.93 % Date: 3/31/2015
Return: -0.02 % Date: 2/28/2015
Return: -2.38 % Date: 1/31/2015
Return: 5.64 % Date: 12/31/2014
Return: 2.71 % Date: 11/30/2014
Return: 1.19 % Date: 10/31/2014
Return: 2.73 % Date: 9/30/2014
Return: 0.28 % Date: 8/31/2014
Return: 0.31 % Date: 7/31/2014
Return: -0.64 % Date: 6/30/2014
Return: -0.94 % Date: 5/31/2014
Return: 0.21 % Date: 4/30/2014
Return: -1.01 % Date: 3/31/2014
Return: -0.46 % Date: 2/28/2014
Return: -1.38 % Date: 1/31/2014
Return: 1.73 % Date: 12/31/2013
Return: -0.08 % Date: 11/30/2013
Return: 0.66 % Date: 10/31/2013
Return: -1.47 % Date: 9/30/2013
Return: -0.76 % Date: 8/31/2013
Return: 0.24 % Date: 7/31/2013
Return: -0.99 % Date: 6/30/2013
Return: 1.42 % Date: 5/31/2013
Return: 0.59 % Date: 4/30/2013
Return: -1.16 % Date: 3/31/2013
Return: -0.09 % Date: 2/28/2013
Return: -1.48 % Date: 1/31/2013
Return: 1.31 % Date: 12/31/2012
Return: -0.34 % Date: 11/30/2012
Return: 0.01 % Date: 10/31/2012
Return: -2.16 % Date: 9/30/2012
Return: 0.80 % Date: 8/31/2012
Return: 0.15 % Date: 7/31/2012
Return: -0.46 % Date: 6/30/2012
Return: -3.81 % Date: 5/31/2012
Return: 5.60 % Date: 4/30/2012
Return: -1.01 % Date: 3/31/2012
Return: -1.31 % Date: 2/29/2012
Return: -1.27 % Date: 1/31/2012
Return: -1.06 % Date: 12/31/2011
Return: 0.32 % Date: 11/30/2011
Return: 0.11 % Date: 10/31/2011
Return: -2.59 % Date: 9/30/2011
Return: 4.18 % Date: 8/31/2011
Return: 3.85 % Date: 7/31/2011
Return: -0.87 % Date: 6/30/2011
Return: -1.96 % Date: 5/31/2011
Return: -0.27 % Date: 4/30/2011
Return: 1.88 % Date: 3/31/2011
Return: -1.94 % Date: 2/28/2011
Return: -0.77 % Date: 1/31/2011
Return: 0.05 % Date: 12/31/2010
Return: 1.22 % Date: 11/30/2010
Return: -0.90 % Date: 10/31/2010
Return: 0.22 % Date: 9/30/2010
Return: 2.08 % Date: 8/31/2010
Return: 1.11 % Date: 7/31/2010
Return: 0.56 % Date: 6/30/2010
Return: 0.11 % Date: 5/31/2010
Return: 5.20 % Date: 4/30/2010
Return: 0.74 % Date: 3/31/2010
Return: 1.44 % Date: 2/28/2010
Return: 0.53 % Date: 1/31/2010
Return: 1.39 % Date: 12/31/2009
Return: 0.14 % Date: 11/30/2009
Return: 0.49 % Date: 10/31/2009
Return: 0.42 % Date: 9/30/2009
Return: 0.41 % Date: 8/31/2009
Return: 0.18 % Date: 7/31/2009
Return: 1.86 % Date: 6/30/2009
Return: -0.53 % Date: 5/31/2009
Return: 3.86 % Date: 4/30/2009
Return: 0.66 % Date: 3/31/2009
Return: -2.11 % Date: 2/28/2009
Return: -2.26 % Date: 1/31/2009
Return: 1.15 % Date: 12/31/2008
Return: 0.92 % Date: 11/30/2008
Return: 1.87 % Date: 10/31/2008
Return: 5.70 % Date: 9/30/2008
Return: -0.99 % Date: 8/31/2008
Return: 0.05 % Date: 7/31/2008
Return: 0.41 % Date: 6/30/2008
Return: -0.63 % Date: 5/31/2008
Return: 2.71 % Date: 4/30/2008
Return: 6.61 % Date: 3/31/2008
Return: -3.33 % Date: 2/29/2008
Return: 4.22 % Date: 1/31/2008
Return: 0.56 % Date: 12/31/2007
Return: 1.40 % Date: 11/30/2007
Return: -4.07 % Date: 10/31/2007
Return: 1.26 % Date: 9/30/2007
Return: 3.61 % Date: 8/31/2007
Return: -5.50 % Date: 7/31/2007
Return: -0.01 % Date: 6/30/2007
Return: 3.55 % Date: 5/31/2007
Return: 3.72 % Date: 4/30/2007
Return: 2.75 % Date: 3/31/2007
Return: -0.23 % Date: 2/28/2007
Return: -2.16 % Date: 1/31/2007
Return: 2.74 % Date: 12/31/2006
Return: 1.71 % Date: 11/30/2006
Return: -1.40 % Date: 10/31/2006
Return: 0.54 % Date: 9/30/2006
Return: -1.08 % Date: 8/31/2006
Return: 0.13 % Date: 7/31/2006
Return: -1.92 % Date: 6/30/2006
Return: 1.77 % Date: 5/31/2006
Return: -1.35 % Date: 4/30/2006
Return: -0.33 % Date: 3/31/2006
Return: 1.48 % Date: 2/28/2006
Return: -0.90 % Date: 1/31/2006
Return: 2.50 % Date: 12/31/2005
Return: 0.22 % Date: 11/30/2005
Return: 2.65 % Date: 10/31/2005
Return: -1.99 % Date: 9/30/2005
Return: 1.51 % Date: 8/31/2005
Return: 0.91 % Date: 7/31/2005
Return: 0.84 % Date: 6/30/2005
Return: 4.74 % Date: 5/31/2005
Return: 2.49 % Date: 4/30/2005
Return: 2.48 % Date: 3/31/2005
Return: -0.89 % Date: 2/28/2005
Return: 0.82 % Date: 1/31/2005
Return: -2.08 % Date: 12/31/2004
Return: -0.59 % Date: 11/30/2004
Return: 1.10 % Date: 10/31/2004
Return: 1.49 % Date: 9/30/2004
Return: -2.40 % Date: 8/31/2004
Return: 1.78 % Date: 7/31/2004
Return: -0.43 % Date: 6/30/2004
Return: -0.88 % Date: 5/31/2004
Return: -2.60 % Date: 4/30/2004
Return: -5.34 % Date: 3/31/2004
Return: 4.16 % Date: 2/29/2004
Return: 4.24 % Date: 1/31/2004
Return: 0.51 % Date: 12/31/2003
Return: 3.94 % Date: 11/30/2003
Return: -1.31 % Date: 10/31/2003
Return: -9.52 % Date: 9/30/2003
Return: 10.70 % Date: 8/31/2003
Return: 4.67 % Date: 7/31/2003
Return: -6.04 % Date: 6/30/2003
Return: 0.79 % Date: 5/31/2003
Return: 9.46 % Date: 4/30/2003
Return: 1.26 % Date: 3/31/2003
Return: 4.24 % Date: 2/28/2003
Return: 6.05 % Date: 1/31/2003
Return: 3.53 % Date: 12/31/2002
Return: 9.49 % Date: 11/30/2002
Return: -3.39 % Date: 10/31/2002
Return: -1.41 % Date: 9/30/2002
Return: 11.91 % Date: 8/31/2002
Return: -1.08 % Date: 7/31/2002
Return: 9.05 % Date: 6/30/2002
Return: 7.29 % Date: 5/31/2002
Return: 2.21 % Date: 4/30/2002
Return: 0.89 % Date: 3/31/2002
Return: 0.53 % Date: 2/28/2002
Return: -0.38 % Date: 1/31/2002
Return: 2.96 % Date: 12/31/2001
Return: 3.05 % Date: 11/30/2001
Return: 0.39 % Date: 10/31/2001
Return: 9.36 % Date: 9/30/2001
Return: 7.96 % Date: 8/31/2001
Return: 0.99 % Date: 7/31/2001
Return: 4.84 % Date: 6/30/2001
Return: 1.80 % Date: 5/31/2001
Return: 3.75 % Date: 4/30/2001
Return: -1.53 % Date: 3/31/2001
Return: 4.37 % Date: 2/28/2001
Return: 2.35 % Date: 1/31/2001
Return: 2.29 % Date: 12/31/2000
Return: 10.14 % Date: 11/30/2000
Return: 7.84 % Date: 10/31/2000
Return: 6.02 % Date: 9/30/2000
Return: -2.44 % Date: 8/31/2000
Return: 0.49 % Date: 7/31/2000
Return: 1.80 % Date: 6/30/2000
Return: -1.41 % Date: 5/31/2000
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 05/00 - 04/19
Return: -4.00 %
Count: 2 Return: -5.00 %
Count: 2 Return: -10.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: -6.00 %
Count: 1 Return: -3.00 %
Count: 7 Return: 12.00 %
Count: 1 Return: 7.00 %
Count: 2 Return: 3.00 %
Count: 10 Return: 9.00 %
Count: 4 Return: 1.00 %
Count: 41 Return: 5.00 %
Count: 4 Return: 4.00 %
Count: 15 Return: 10.00 %
Count: 1 Return: 8.00 %
Count: 2 Return: 6.00 %
Count: 5 Return: -2.00 %
Count: 16 Return: 2.00 %
Count: 19 Return: -1.00 %
Count: 45 Return: 0.00 %
Count: 49
Note: All performance data is since program inception.

Underwater Curve

Date Range: 05/00 - 04/19
Date: 4/30/2019
Drawdown: -12.14 % Date: 3/31/2019
Drawdown: -12.31 % Date: 2/28/2019
Drawdown: -10.61 % Date: 1/31/2019
Drawdown: -9.52 % Date: 12/31/2018
Drawdown: -9.77 % Date: 11/30/2018
Drawdown: -9.44 % Date: 10/31/2018
Drawdown: -8.18 % Date: 9/30/2018
Drawdown: -5.31 % Date: 8/31/2018
Drawdown: -5.15 % Date: 7/31/2018
Drawdown: -5.25 % Date: 6/30/2018
Drawdown: -4.03 % Date: 5/31/2018
Drawdown: -4.18 % Date: 4/30/2018
Drawdown: -3.24 % Date: 3/31/2018
Drawdown: -4.77 % Date: 2/28/2018
Drawdown: -4.00 % Date: 1/31/2018
Drawdown: -1.05 % Date: 12/31/2017
Drawdown: -2.06 % Date: 11/30/2017
Drawdown: -1.66 % Date: 10/31/2017
Drawdown: -1.98 % Date: 9/30/2017
Drawdown: -3.20 % Date: 8/31/2017
Drawdown: -2.14 % Date: 7/31/2017
Drawdown: -1.28 % Date: 6/30/2017
Drawdown: -2.57 % Date: 5/31/2017
Drawdown: -3.38 % Date: 4/30/2017
Drawdown: -3.36 % Date: 3/31/2017
Drawdown: -1.70 % Date: 2/28/2017
Drawdown: -1.50 % Date: 1/31/2017
Drawdown: -0.38 % Date: 12/31/2016
Drawdown: -1.21 % Date: 11/30/2016
Drawdown: -1.75 % Date: 10/31/2016
Drawdown: -5.33 % Date: 9/30/2016
Drawdown: -6.92 % Date: 8/31/2016
Drawdown: -6.15 % Date: 7/31/2016
Drawdown: -5.32 % Date: 6/30/2016
Drawdown: -5.12 % Date: 5/31/2016
Drawdown: -4.97 % Date: 4/30/2016
Drawdown: -4.24 % Date: 3/31/2016
Drawdown: -3.03 % Date: 2/29/2016
Drawdown: -1.97 % Date: 1/31/2016
Drawdown: -3.00 % Date: 12/31/2015
Drawdown: -4.27 % Date: 11/30/2015
Drawdown: -4.38 % Date: 10/31/2015
Drawdown: -3.92 % Date: 9/30/2015
Drawdown: -1.19 % Date: 8/31/2015
Drawdown: 0.00 % Date: 7/31/2015
Drawdown: -2.37 % Date: 6/30/2015
Drawdown: -4.16 % Date: 5/31/2015
Drawdown: -2.62 % Date: 4/30/2015
Drawdown: -3.31 % Date: 3/31/2015
Drawdown: -2.40 % Date: 2/28/2015
Drawdown: -2.38 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -4.49 % Date: 11/30/2014
Drawdown: -7.01 % Date: 10/31/2014
Drawdown: -8.10 % Date: 9/30/2014
Drawdown: -10.55 % Date: 8/31/2014
Drawdown: -10.80 % Date: 7/31/2014
Drawdown: -11.07 % Date: 6/30/2014
Drawdown: -10.50 % Date: 5/31/2014
Drawdown: -9.65 % Date: 4/30/2014
Drawdown: -9.84 % Date: 3/31/2014
Drawdown: -8.92 % Date: 2/28/2014
Drawdown: -8.50 % Date: 1/31/2014
Drawdown: -7.22 % Date: 12/31/2013
Drawdown: -8.79 % Date: 11/30/2013
Drawdown: -8.72 % Date: 10/31/2013
Drawdown: -9.32 % Date: 9/30/2013
Drawdown: -7.97 % Date: 8/31/2013
Drawdown: -7.26 % Date: 7/31/2013
Drawdown: -7.48 % Date: 6/30/2013
Drawdown: -6.56 % Date: 5/31/2013
Drawdown: -7.87 % Date: 4/30/2013
Drawdown: -8.41 % Date: 3/31/2013
Drawdown: -7.33 % Date: 2/28/2013
Drawdown: -7.25 % Date: 1/31/2013
Drawdown: -5.86 % Date: 12/31/2012
Drawdown: -7.07 % Date: 11/30/2012
Drawdown: -6.76 % Date: 10/31/2012
Drawdown: -6.77 % Date: 9/30/2012
Drawdown: -4.71 % Date: 8/31/2012
Drawdown: -5.46 % Date: 7/31/2012
Drawdown: -5.61 % Date: 6/30/2012
Drawdown: -5.17 % Date: 5/31/2012
Drawdown: -1.41 % Date: 4/30/2012
Drawdown: -6.64 % Date: 3/31/2012
Drawdown: -5.69 % Date: 2/29/2012
Drawdown: -4.44 % Date: 1/31/2012
Drawdown: -3.21 % Date: 12/31/2011
Drawdown: -2.17 % Date: 11/30/2011
Drawdown: -2.48 % Date: 10/31/2011
Drawdown: -2.59 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -0.22 % Date: 7/31/2011
Drawdown: -3.91 % Date: 6/30/2011
Drawdown: -3.07 % Date: 5/31/2011
Drawdown: -1.13 % Date: 4/30/2011
Drawdown: -0.87 % Date: 3/31/2011
Drawdown: -2.70 % Date: 2/28/2011
Drawdown: -0.77 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -0.90 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: 0.00 % Date: 5/31/2010
Drawdown: 0.00 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: 0.00 % Date: 2/28/2010
Drawdown: 0.00 % Date: 1/31/2010
Drawdown: 0.00 % Date: 12/31/2009
Drawdown: 0.00 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: 0.00 % Date: 9/30/2009
Drawdown: 0.00 % Date: 8/31/2009
Drawdown: 0.00 % Date: 7/31/2009
Drawdown: 0.00 % Date: 6/30/2009
Drawdown: -0.53 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: -3.69 % Date: 3/31/2009
Drawdown: -4.32 % Date: 2/28/2009
Drawdown: -2.26 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: 0.00 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: -1.16 % Date: 8/31/2008
Drawdown: -0.17 % Date: 7/31/2008
Drawdown: -0.22 % Date: 6/30/2008
Drawdown: -0.63 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: -3.33 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -3.03 % Date: 12/31/2007
Drawdown: -3.57 % Date: 11/30/2007
Drawdown: -4.90 % Date: 10/31/2007
Drawdown: -0.86 % Date: 9/30/2007
Drawdown: -2.10 % Date: 8/31/2007
Drawdown: -5.51 % Date: 7/31/2007
Drawdown: -0.01 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: -2.39 % Date: 2/28/2007
Drawdown: -2.16 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: -2.05 % Date: 11/30/2006
Drawdown: -3.70 % Date: 10/31/2006
Drawdown: -2.33 % Date: 9/30/2006
Drawdown: -2.85 % Date: 8/31/2006
Drawdown: -1.79 % Date: 7/31/2006
Drawdown: -1.92 % Date: 6/30/2006
Drawdown: 0.00 % Date: 5/31/2006
Drawdown: -1.68 % Date: 4/30/2006
Drawdown: -0.33 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -0.90 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: 0.00 % Date: 11/30/2005
Drawdown: 0.00 % Date: 10/31/2005
Drawdown: -1.99 % Date: 9/30/2005
Drawdown: 0.00 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: 0.00 % Date: 6/30/2005
Drawdown: -0.76 % Date: 5/31/2005
Drawdown: -5.25 % Date: 4/30/2005
Drawdown: -7.55 % Date: 3/31/2005
Drawdown: -9.79 % Date: 2/28/2005
Drawdown: -8.98 % Date: 1/31/2005
Drawdown: -9.72 % Date: 12/31/2004
Drawdown: -7.80 % Date: 11/30/2004
Drawdown: -7.25 % Date: 10/31/2004
Drawdown: -8.26 % Date: 9/30/2004
Drawdown: -9.61 % Date: 8/31/2004
Drawdown: -7.39 % Date: 7/31/2004
Drawdown: -9.01 % Date: 6/30/2004
Drawdown: -8.61 % Date: 5/31/2004
Drawdown: -7.80 % Date: 4/30/2004
Drawdown: -5.34 % Date: 3/31/2004
Drawdown: 0.00 % Date: 2/29/2004
Drawdown: -2.76 % Date: 1/31/2004
Drawdown: -6.71 % Date: 12/31/2003
Drawdown: -7.19 % Date: 11/30/2003
Drawdown: -10.71 % Date: 10/31/2003
Drawdown: -9.52 % Date: 9/30/2003
Drawdown: 0.00 % Date: 8/31/2003
Drawdown: -1.65 % Date: 7/31/2003
Drawdown: -6.04 % Date: 6/30/2003
Drawdown: 0.00 % Date: 5/31/2003
Drawdown: 0.00 % Date: 4/30/2003
Drawdown: 0.00 % Date: 3/31/2003
Drawdown: 0.00 % 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: -4.75 % Date: 10/31/2002
Drawdown: -1.41 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: -1.08 % 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: 0.00 % Date: 3/31/2002
Drawdown: 0.00 % Date: 2/28/2002
Drawdown: -0.38 % Date: 1/31/2002
Drawdown: 0.00 % Date: 12/31/2001
Drawdown: 0.00 % Date: 11/30/2001
Drawdown: 0.00 % 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: 0.00 % Date: 5/31/2001
Drawdown: 0.00 % Date: 4/30/2001
Drawdown: -1.53 % 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: 0.00 % Date: 9/30/2000
Drawdown: -2.44 % Date: 8/31/2000
Drawdown: 0.00 % Date: 7/31/2000
Drawdown: 0.00 % Date: 6/30/2000
Drawdown: -1.41 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Denali Asset Management, LLLP
Address: 5020 Anchor Way
City: Christiansted
State:
Zip: 00820
Country: St. Croix, USVI

Key People

Name:  Scott Ramsey
Position:  Chief Executive Officer
Biography: 

Scott T. Ramsey is Chief Executive Officer of the firm and is the chief trader. Mr. Ramsey launched Denali Asset Management in 1994 to manage money for institutional investors. Prior to launching Denali, Mr. Ramsey worked as a futures trader and broker for fourteen years, operating primarily in the financial futures markets with a variety of Futures Commission Merchants. Mr. Ramsey held a membership at the Chicago Mercantile Exchange and has over twenty five years experience trading in the financial markets. Mr. Ramsey studied mechanical engineering at the University of Missouri.


Name:  Brad Lenhart
Position:  Principal
Biography: 

Brad E. Lenhart is Chief Operating Officer of the firm and is responsible for all of Denali’s operations including accounting, compliance, risk, and personnel. Having worked within both large corporations and entrepreneurial firms prior to joining Denali, Mr. Lenhart developed a wide range of expertise in everything from managing technological resources and sales fulfillment to corporate branding, capital budgeting and employment. Mr. Lenhart holds a BA from the University of Kansas and has studied at Imperial College, London.


Name:  Megan Arias
Position:  Director
Biography: 

Megan Arias is a Director of the firm, with primary responsibilities in the areas of client relations, marketing, reporting, and administration. Prior to joining Denali as its first employee in early 2002, Ms. Arias was a manager at one of the country's premiere retail wine and beverage companies, Wally's Wines of Los Angeles. Reporting directly to owner Steve Wallace, she originated and ran the company's holiday mail-order operation, managed the production of its catalogs, recruited and hired personnel, and worked closely with movie and TV studios and celebrity clients. Ms. Arias holds a BA degree in English from DePaul University in Chicago.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Forex Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Technical Yes 
 Macro-economic Yes 
 Systematic No 
 Discretionary Yes 
 Diversified Yes 
 Sector Specialist No 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Intra-Week Yes 
 Investment Terms & Information
 Managed Account Minimum: $25,000,000 
 Margin / Equity Ratio: 8% 
 Managed Account Availability: Open