Mulvaney Capital Management Ltd

Global Diversified Program *QEP*


Monthly Performance (%)

Date Range: 04/99 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -19.33 -2.94 -10.05 -1.89   -30.90 
2018 12.99 -15.33 -6.57 3.46 -7.23 4.57 15.55 16.15 -1.12 -25.79 15.60 -6.35  -4.35 
2017 -6.33 9.23 -7.77 8.97 -0.41 -4.53 -5.42 2.38 -8.08 10.68 -2.29 7.93  1.57 
2016 5.94 10.75 -13.52 -2.84 -8.35 27.33 -1.01 -13.30 18.22 -10.77 -0.71 -5.05  -1.81 
2015 6.93 -0.50 3.84 -7.98 4.13 -6.07 4.77 -9.23 6.15 -11.05 13.52 -2.10  -0.77 
2014 -1.46 1.36 4.65 2.67 -4.47 2.37 2.25 9.33 17.69 -1.67 13.05 9.05  67.38 
2013 10.46 7.39 9.29 9.73 0.13 -3.15 -4.03 -10.90 2.61 7.29 11.58 -1.24  43.11 
2012 -3.75 0.78 5.21 -1.08 -0.90 -18.12 11.38 -6.26 -8.58 -15.07 -0.97 0.76  -33.74 
2011 2.07 9.78 -4.62 6.07 -11.82 -7.41 11.15 1.59 -4.20 -14.14 12.05 -1.64  -5.26 
2010 -3.84 -7.15 -5.15 2.02 -8.77 0.53 -12.03 14.59 16.46 22.29 -5.36 25.30  34.90 
2009 1.60 -0.03 -3.36 -5.51 -1.30 -6.81 -0.53 10.85 1.32 -7.86 10.70 -3.19  -5.89 
2008 21.65 28.86 -7.96 -8.58 5.35 8.51 -18.78 -6.73 11.58 45.49 6.97 5.30  108.87 
2007 0.56 -5.18 -8.82 2.59 4.70 4.85 -16.89 -19.40 3.92 13.72 -8.59 8.47  -23.14 
2006 11.09 -2.70 13.05 11.46 -4.27 -6.10 -5.20 1.95 1.00 -0.13 0.56 1.60  21.94 
2005 -4.28 0.54 2.30 -9.28 -4.08 5.32 6.62 2.78 13.57 -5.64 15.27 8.35  32.34 
2004 4.19 8.45 2.37 -11.50 -6.99 -0.73 -0.41 -6.21 7.76 0.76 9.63 -4.94  -0.10 
2003 13.20 7.22 -12.83 1.45 7.64 -7.61 -6.33 0.07 6.66 15.32 -0.27 5.35  29.30 
2002 0.00 0.00 -7.52 1.55 6.75 7.38 5.95 5.44 5.13 -7.73 -5.08 7.80  19.37 
2001 -9.62 18.76 13.46 -15.25 -0.66 5.39 -1.26 0.00 0.00 0.00 0.00 0.00  6.69 
2000 -5.02 2.52 -8.40 -0.27 6.97 1.55 -1.25 12.68 -4.36 1.96 9.05 8.90  24.51 
1999 -0.29 -0.14 -2.22 2.13 -4.81 -4.80 7.01 4.84  1.09 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The program invests in futures contracts linked to a diverse range of commodities and financial assets listed on regulated exchanges around the world. It takes a long term approach to capturing trends in order to reduce the risk of being shaken out by short term price fluctuations. Trading is completely systematic and driven by objective price data. Highlights: Exposure to smaller commodity markets provides broad diversification. Non-correlation to equities and most alternative asset classes. Effective diversification for traditional and alternative portfolios. 18 year track record of profiting in rising and falling markets. Consistent, objective and stable investment process. Monthly liquidity.

Performance Statistics

Date Range: 04/99 - 04/19
  Program S&P 500 Altegris 40 
Total Return 569.85% 236.35% 138.91% 
Annualized Return 9.98% 6.23% 4.43% 
Annualized Std. Deviation 32.01% 14.48% 9.96% 
Correlation -0.12 0.65 
Sharpe Ratio (rf=2.5%) 0.23 0.26 0.19 
Worst Month -25.79% -16.79% -7.77% 
Date of Worst Month 10/2018 10/2008 11/2001 
Worst Drawdown -45.11% -50.95% -15.74% 
Date of Worst Drawdown 8/18 - 4/19 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 04/99 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -30.90 18.24 5.17 
2018 -4.35 -4.38 -4.29 
2017 1.57 21.84 1.24 
2016 -1.81 11.98 -3.13 
2015 -0.77 1.41 0.09 
2014 67.38 13.69 15.75 
2013 43.11 32.41 -2.45 
2012 -33.74 15.98 -4.75 
2011 -5.26 2.12 -3.23 
2010 34.90 15.06 11.33 
2009 -5.89 26.45 -7.98 
2008 108.87 -36.99 15.47 
2007 -23.14 5.50 7.18 
2006 21.94 15.79 6.70 
2005 32.34 4.89 4.51 
2004 -0.10 10.87 2.57 
2003 29.30 28.69 15.99 
2002 19.37 -22.10 15.22 
2001 6.69 -11.88 5.39 
2000 24.51 -9.09 10.63 
1999 1.09 11.01 -0.26 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 04/99 - 04/19
Date: 4/30/2019
Perf: $2,317.90 Date: 3/31/2019
Perf: $2,255.87 Date: 2/28/2019
Perf: $2,177.69 Date: 1/31/2019
Perf: $2,163.84 Date: 12/31/2018
Perf: $2,203.95 Date: 11/30/2018
Perf: $2,194.73 Date: 10/31/2018
Perf: $2,221.39 Date: 9/30/2018
Perf: $2,277.65 Date: 8/31/2018
Perf: $2,287.94 Date: 7/31/2018
Perf: $2,231.05 Date: 6/30/2018
Perf: $2,247.91 Date: 5/31/2018
Perf: $2,229.18 Date: 4/30/2018
Perf: $2,258.32 Date: 3/31/2018
Perf: $2,234.19 Date: 2/28/2018
Perf: $2,236.20 Date: 1/31/2018
Perf: $2,381.47 Date: 12/31/2017
Perf: $2,302.72 Date: 11/30/2017
Perf: $2,277.89 Date: 10/31/2017
Perf: $2,274.93 Date: 9/30/2017
Perf: $2,183.44 Date: 8/31/2017
Perf: $2,230.51 Date: 7/31/2017
Perf: $2,194.09 Date: 6/30/2017
Perf: $2,185.56 Date: 5/31/2017
Perf: $2,251.30 Date: 4/30/2017
Perf: $2,247.03 Date: 3/31/2017
Perf: $2,260.60 Date: 2/28/2017
Perf: $2,294.09 Date: 1/31/2017
Perf: $2,245.14 Date: 12/31/2016
Perf: $2,274.49 Date: 11/30/2016
Perf: $2,257.33 Date: 10/31/2016
Perf: $2,282.44 Date: 9/30/2016
Perf: $2,342.88 Date: 8/31/2016
Perf: $2,373.50 Date: 7/31/2016
Perf: $2,439.11 Date: 6/30/2016
Perf: $2,414.49 Date: 5/31/2016
Perf: $2,316.05 Date: 4/30/2016
Perf: $2,357.31 Date: 3/31/2016
Perf: $2,418.00 Date: 2/29/2016
Perf: $2,489.44 Date: 1/31/2016
Perf: $2,429.67 Date: 12/31/2015
Perf: $2,347.97 Date: 11/30/2015
Perf: $2,403.24 Date: 10/31/2015
Perf: $2,323.99 Date: 9/30/2015
Perf: $2,365.15 Date: 8/31/2015
Perf: $2,314.91 Date: 7/31/2015
Perf: $2,355.67 Date: 6/30/2015
Perf: $2,267.02 Date: 5/31/2015
Perf: $2,391.38 Date: 4/30/2015
Perf: $2,408.72 Date: 3/31/2015
Perf: $2,505.43 Date: 2/28/2015
Perf: $2,451.26 Date: 1/31/2015
Perf: $2,455.18 Date: 12/31/2014
Perf: $2,345.87 Date: 11/30/2014
Perf: $2,305.29 Date: 10/31/2014
Perf: $2,175.83 Date: 9/30/2014
Perf: $2,144.31 Date: 8/31/2014
Perf: $2,112.83 Date: 7/31/2014
Perf: $2,027.08 Date: 6/30/2014
Perf: $2,043.43 Date: 5/31/2014
Perf: $2,026.01 Date: 4/30/2014
Perf: $1,975.44 Date: 3/31/2014
Perf: $1,960.54 Date: 2/28/2014
Perf: $1,989.99 Date: 1/31/2014
Perf: $1,973.80 Date: 12/31/2013
Perf: $2,026.70 Date: 11/30/2013
Perf: $2,029.54 Date: 10/31/2013
Perf: $1,993.46 Date: 9/30/2013
Perf: $1,948.83 Date: 8/31/2013
Perf: $1,960.59 Date: 7/31/2013
Perf: $1,998.97 Date: 6/30/2013
Perf: $2,016.52 Date: 5/31/2013
Perf: $2,095.96 Date: 4/30/2013
Perf: $2,190.13 Date: 3/31/2013
Perf: $2,135.05 Date: 2/28/2013
Perf: $2,104.74 Date: 1/31/2013
Perf: $2,117.02 Date: 12/31/2012
Perf: $2,077.54 Date: 11/30/2012
Perf: $2,067.41 Date: 10/31/2012
Perf: $2,061.64 Date: 9/30/2012
Perf: $2,139.08 Date: 8/31/2012
Perf: $2,174.96 Date: 7/31/2012
Perf: $2,204.95 Date: 6/30/2012
Perf: $2,118.31 Date: 5/31/2012
Perf: $2,201.07 Date: 4/30/2012
Perf: $2,160.03 Date: 3/31/2012
Perf: $2,147.15 Date: 2/29/2012
Perf: $2,197.02 Date: 1/31/2012
Perf: $2,188.05 Date: 12/31/2011
Perf: $2,181.07 Date: 11/30/2011
Perf: $2,160.33 Date: 10/31/2011
Perf: $2,153.87 Date: 9/30/2011
Perf: $2,242.68 Date: 8/31/2011
Perf: $2,244.02 Date: 7/31/2011
Perf: $2,248.52 Date: 6/30/2011
Perf: $2,170.60 Date: 5/31/2011
Perf: $2,228.54 Date: 4/30/2011
Perf: $2,312.96 Date: 3/31/2011
Perf: $2,226.14 Date: 2/28/2011
Perf: $2,260.73 Date: 1/31/2011
Perf: $2,222.94 Date: 12/31/2010
Perf: $2,253.82 Date: 11/30/2010
Perf: $2,161.11 Date: 10/31/2010
Perf: $2,240.42 Date: 9/30/2010
Perf: $2,156.74 Date: 8/31/2010
Perf: $2,118.19 Date: 7/31/2010
Perf: $2,033.98 Date: 6/30/2010
Perf: $2,060.56 Date: 5/31/2010
Perf: $2,052.76 Date: 4/30/2010
Perf: $2,103.67 Date: 3/31/2010
Perf: $2,071.76 Date: 2/28/2010
Perf: $1,992.66 Date: 1/31/2010
Perf: $1,974.10 Date: 12/31/2009
Perf: $2,024.51 Date: 11/30/2009
Perf: $2,108.86 Date: 10/31/2009
Perf: $2,027.17 Date: 9/30/2009
Perf: $2,080.43 Date: 8/31/2009
Perf: $2,032.06 Date: 7/31/2009
Perf: $2,025.38 Date: 6/30/2009
Perf: $2,027.61 Date: 5/31/2009
Perf: $2,083.02 Date: 4/30/2009
Perf: $2,054.67 Date: 3/31/2009
Perf: $2,124.12 Date: 2/28/2009
Perf: $2,184.64 Date: 1/31/2009
Perf: $2,185.73 Date: 12/31/2008
Perf: $2,200.03 Date: 11/30/2008
Perf: $2,144.91 Date: 10/31/2008
Perf: $2,068.98 Date: 9/30/2008
Perf: $1,967.64 Date: 8/31/2008
Perf: $1,963.52 Date: 7/31/2008
Perf: $2,017.38 Date: 6/30/2008
Perf: $2,114.44 Date: 5/31/2008
Perf: $2,059.45 Date: 4/30/2008
Perf: $2,017.88 Date: 3/31/2008
Perf: $2,041.36 Date: 2/29/2008
Perf: $2,050.38 Date: 1/31/2008
Perf: $1,939.99 Date: 12/31/2007
Perf: $1,905.32 Date: 11/30/2007
Perf: $1,909.71 Date: 10/31/2007
Perf: $1,922.20 Date: 9/30/2007
Perf: $1,842.78 Date: 8/31/2007
Perf: $1,760.56 Date: 7/31/2007
Perf: $1,828.77 Date: 6/30/2007
Perf: $1,887.08 Date: 5/31/2007
Perf: $1,834.08 Date: 4/30/2007
Perf: $1,770.86 Date: 3/31/2007
Perf: $1,699.48 Date: 2/28/2007
Perf: $1,740.20 Date: 1/31/2007
Perf: $1,808.00 Date: 12/31/2006
Perf: $1,777.61 Date: 11/30/2006
Perf: $1,719.49 Date: 10/31/2006
Perf: $1,678.37 Date: 9/30/2006
Perf: $1,660.11 Date: 8/31/2006
Perf: $1,677.89 Date: 7/31/2006
Perf: $1,659.31 Date: 6/30/2006
Perf: $1,684.23 Date: 5/31/2006
Perf: $1,707.63 Date: 4/30/2006
Perf: $1,754.11 Date: 3/31/2006
Perf: $1,712.33 Date: 2/28/2006
Perf: $1,667.64 Date: 1/31/2006
Perf: $1,697.86 Date: 12/31/2005
Perf: $1,666.04 Date: 11/30/2005
Perf: $1,696.75 Date: 10/31/2005
Perf: $1,626.95 Date: 9/30/2005
Perf: $1,624.35 Date: 8/31/2005
Perf: $1,599.72 Date: 7/31/2005
Perf: $1,591.13 Date: 6/30/2005
Perf: $1,590.17 Date: 5/31/2005
Perf: $1,537.74 Date: 4/30/2005
Perf: $1,491.64 Date: 3/31/2005
Perf: $1,529.11 Date: 2/28/2005
Perf: $1,537.72 Date: 1/31/2005
Perf: $1,527.18 Date: 12/31/2004
Perf: $1,594.13 Date: 11/30/2004
Perf: $1,588.89 Date: 10/31/2004
Perf: $1,507.34 Date: 9/30/2004
Perf: $1,457.50 Date: 8/31/2004
Perf: $1,438.08 Date: 7/31/2004
Perf: $1,448.08 Date: 6/30/2004
Perf: $1,464.77 Date: 5/31/2004
Perf: $1,514.76 Date: 4/30/2004
Perf: $1,539.23 Date: 3/31/2004
Perf: $1,641.33 Date: 2/29/2004
Perf: $1,657.57 Date: 1/31/2004
Perf: $1,569.07 Date: 12/31/2003
Perf: $1,554.15 Date: 11/30/2003
Perf: $1,489.65 Date: 10/31/2003
Perf: $1,494.13 Date: 9/30/2003
Perf: $1,461.26 Date: 8/31/2003
Perf: $1,468.01 Date: 7/31/2003
Perf: $1,454.34 Date: 6/30/2003
Perf: $1,487.97 Date: 5/31/2003
Perf: $1,526.28 Date: 4/30/2003
Perf: $1,441.65 Date: 3/31/2003
Perf: $1,420.77 Date: 2/28/2003
Perf: $1,506.96 Date: 1/31/2003
Perf: $1,422.07 Date: 12/31/2002
Perf: $1,339.93 Date: 11/30/2002
Perf: $1,263.01 Date: 10/31/2002
Perf: $1,298.86 Date: 9/30/2002
Perf: $1,369.82 Date: 8/31/2002
Perf: $1,309.45 Date: 7/31/2002
Perf: $1,278.64 Date: 6/30/2002
Perf: $1,213.82 Date: 5/31/2002
Perf: $1,115.23 Date: 4/30/2002
Perf: $1,087.08 Date: 3/31/2002
Perf: $1,113.35 Date: 2/28/2002
Perf: $1,116.59 Date: 1/31/2002
Perf: $1,148.99 Date: 12/31/2001
Perf: $1,162.95 Date: 11/30/2001
Perf: $1,138.91 Date: 10/31/2001
Perf: $1,234.86 Date: 9/30/2001
Perf: $1,183.73 Date: 8/31/2001
Perf: $1,148.36 Date: 7/31/2001
Perf: $1,115.02 Date: 6/30/2001
Perf: $1,112.57 Date: 5/31/2001
Perf: $1,124.95 Date: 4/30/2001
Perf: $1,124.61 Date: 3/31/2001
Perf: $1,198.43 Date: 2/28/2001
Perf: $1,125.50 Date: 1/31/2001
Perf: $1,114.91 Date: 12/31/2000
Perf: $1,103.43 Date: 11/30/2000
Perf: $1,019.52 Date: 10/31/2000
Perf: $959.46 Date: 9/30/2000
Perf: $939.82 Date: 8/31/2000
Perf: $956.46 Date: 7/31/2000
Perf: $937.16 Date: 6/30/2000
Perf: $953.95 Date: 5/31/2000
Perf: $968.97 Date: 4/30/2000
Perf: $955.87 Date: 3/31/2000
Perf: $970.53 Date: 2/29/2000
Perf: $995.21 Date: 1/31/2000
Perf: $1,006.48 Date: 12/31/1999
Perf: $997.40 Date: 11/30/1999
Perf: $984.70 Date: 10/31/1999
Perf: $965.96 Date: 9/30/1999
Perf: $1,010.63 Date: 8/31/1999
Perf: $1,007.11 Date: 7/31/1999
Perf: $1,001.10 Date: 6/30/1999
Perf: $1,008.97 Date: 5/31/1999
Perf: $983.40 Date: 4/30/1999
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,238.17 Date: 3/31/2019
Perf: $3,112.13 Date: 2/28/2019
Perf: $3,052.90 Date: 1/31/2019
Perf: $2,957.95 Date: 12/31/2018
Perf: $2,738.59 Date: 11/30/2018
Perf: $3,010.43 Date: 10/31/2018
Perf: $2,950.25 Date: 9/30/2018
Perf: $3,166.86 Date: 8/31/2018
Perf: $3,148.91 Date: 7/31/2018
Perf: $3,049.50 Date: 6/30/2018
Perf: $2,940.12 Date: 5/31/2018
Perf: $2,922.01 Date: 4/30/2018
Perf: $2,853.24 Date: 3/31/2018
Perf: $2,842.44 Date: 2/28/2018
Perf: $2,916.52 Date: 1/31/2018
Perf: $3,028.27 Date: 12/31/2017
Perf: $2,864.15 Date: 11/30/2017
Perf: $2,832.71 Date: 10/31/2017
Perf: $2,748.33 Date: 9/30/2017
Perf: $2,685.76 Date: 8/31/2017
Perf: $2,631.55 Date: 7/31/2017
Perf: $2,623.41 Date: 6/30/2017
Perf: $2,570.46 Date: 5/31/2017
Perf: $2,554.62 Date: 4/30/2017
Perf: $2,519.10 Date: 3/31/2017
Perf: $2,493.42 Date: 2/28/2017
Perf: $2,490.43 Date: 1/31/2017
Perf: $2,395.34 Date: 12/31/2016
Perf: $2,350.67 Date: 11/30/2016
Perf: $2,305.03 Date: 10/31/2016
Perf: $2,222.79 Date: 9/30/2016
Perf: $2,264.00 Date: 8/31/2016
Perf: $2,263.54 Date: 7/31/2016
Perf: $2,260.38 Date: 6/30/2016
Perf: $2,179.94 Date: 5/31/2016
Perf: $2,174.29 Date: 4/30/2016
Perf: $2,135.84 Date: 3/31/2016
Perf: $2,127.54 Date: 2/29/2016
Perf: $1,992.46 Date: 1/31/2016
Perf: $1,995.05 Date: 12/31/2015
Perf: $2,099.17 Date: 11/30/2015
Perf: $2,132.87 Date: 10/31/2015
Perf: $2,126.49 Date: 9/30/2015
Perf: $1,960.98 Date: 8/31/2015
Perf: $2,010.64 Date: 7/31/2015
Perf: $2,139.67 Date: 6/30/2015
Perf: $2,095.66 Date: 5/31/2015
Perf: $2,137.12 Date: 4/30/2015
Perf: $2,109.90 Date: 3/31/2015
Perf: $2,089.84 Date: 2/28/2015
Perf: $2,123.39 Date: 1/31/2015
Perf: $2,007.93 Date: 12/31/2014
Perf: $2,070.03 Date: 11/30/2014
Perf: $2,075.22 Date: 10/31/2014
Perf: $2,020.86 Date: 9/30/2014
Perf: $1,972.72 Date: 8/31/2014
Perf: $2,000.73 Date: 7/31/2014
Perf: $1,923.78 Date: 6/30/2014
Perf: $1,950.70 Date: 5/31/2014
Perf: $1,911.14 Date: 4/30/2014
Perf: $1,867.26 Date: 3/31/2014
Perf: $1,853.54 Date: 2/28/2014
Perf: $1,838.10 Date: 1/31/2014
Perf: $1,757.77 Date: 12/31/2013
Perf: $1,820.77 Date: 11/30/2013
Perf: $1,775.84 Date: 10/31/2013
Perf: $1,723.28 Date: 9/30/2013
Perf: $1,647.50 Date: 8/31/2013
Perf: $1,597.34 Date: 7/31/2013
Perf: $1,645.05 Date: 6/30/2013
Perf: $1,565.37 Date: 5/31/2013
Perf: $1,586.63 Date: 4/30/2013
Perf: $1,550.35 Date: 3/31/2013
Perf: $1,521.00 Date: 2/28/2013
Perf: $1,466.02 Date: 1/31/2013
Perf: $1,446.35 Date: 12/31/2012
Perf: $1,375.12 Date: 11/30/2012
Perf: $1,362.72 Date: 10/31/2012
Perf: $1,354.86 Date: 9/30/2012
Perf: $1,380.40 Date: 8/31/2012
Perf: $1,345.68 Date: 7/31/2012
Perf: $1,316.07 Date: 6/30/2012
Perf: $1,298.03 Date: 5/31/2012
Perf: $1,246.66 Date: 4/30/2012
Perf: $1,326.38 Date: 3/31/2012
Perf: $1,334.79 Date: 2/29/2012
Perf: $1,292.27 Date: 1/31/2012
Perf: $1,238.76 Date: 12/31/2011
Perf: $1,185.64 Date: 11/30/2011
Perf: $1,173.67 Date: 10/31/2011
Perf: $1,176.26 Date: 9/30/2011
Perf: $1,060.36 Date: 8/31/2011
Perf: $1,140.54 Date: 7/31/2011
Perf: $1,206.03 Date: 6/30/2011
Perf: $1,231.02 Date: 5/31/2011
Perf: $1,251.93 Date: 4/30/2011
Perf: $1,266.23 Date: 3/31/2011
Perf: $1,229.83 Date: 2/28/2011
Perf: $1,229.34 Date: 1/31/2011
Perf: $1,188.57 Date: 12/31/2010
Perf: $1,161.05 Date: 11/30/2010
Perf: $1,088.35 Date: 10/31/2010
Perf: $1,088.24 Date: 9/30/2010
Perf: $1,048.30 Date: 8/31/2010
Perf: $962.45 Date: 7/31/2010
Perf: $1,007.91 Date: 6/30/2010
Perf: $941.88 Date: 5/31/2010
Perf: $993.86 Date: 4/30/2010
Perf: $1,080.17 Date: 3/31/2010
Perf: $1,063.37 Date: 2/28/2010
Perf: $1,002.89 Date: 1/31/2010
Perf: $972.74 Date: 12/31/2009
Perf: $1,009.06 Date: 11/30/2009
Perf: $989.96 Date: 10/31/2009
Perf: $933.92 Date: 9/30/2009
Perf: $951.62 Date: 8/31/2009
Perf: $917.40 Date: 7/31/2009
Perf: $885.44 Date: 6/30/2009
Perf: $823.20 Date: 5/31/2009
Perf: $821.56 Date: 4/30/2009
Perf: $778.07 Date: 3/31/2009
Perf: $710.11 Date: 2/28/2009
Perf: $652.91 Date: 1/31/2009
Perf: $730.74 Date: 12/31/2008
Perf: $798.01 Date: 11/30/2008
Perf: $789.64 Date: 10/31/2008
Perf: $850.72 Date: 9/30/2008
Perf: $1,022.38 Date: 8/31/2008
Perf: $1,122.38 Date: 7/31/2008
Perf: $1,106.34 Date: 6/30/2008
Perf: $1,115.71 Date: 5/31/2008
Perf: $1,218.43 Date: 4/30/2008
Perf: $1,202.79 Date: 3/31/2008
Perf: $1,146.93 Date: 2/29/2008
Perf: $1,151.89 Date: 1/31/2008
Perf: $1,190.58 Date: 12/31/2007
Perf: $1,266.58 Date: 11/30/2007
Perf: $1,275.38 Date: 10/31/2007
Perf: $1,331.01 Date: 9/30/2007
Perf: $1,310.18 Date: 8/31/2007
Perf: $1,262.95 Date: 7/31/2007
Perf: $1,244.28 Date: 6/30/2007
Perf: $1,284.09 Date: 5/31/2007
Perf: $1,305.77 Date: 4/30/2007
Perf: $1,261.73 Date: 3/31/2007
Perf: $1,208.21 Date: 2/28/2007
Perf: $1,194.83 Date: 1/31/2007
Perf: $1,218.71 Date: 12/31/2006
Perf: $1,200.58 Date: 11/30/2006
Perf: $1,184.01 Date: 10/31/2006
Perf: $1,161.93 Date: 9/30/2006
Perf: $1,125.25 Date: 8/31/2006
Perf: $1,096.95 Date: 7/31/2006
Perf: $1,071.45 Date: 6/30/2006
Perf: $1,064.84 Date: 5/31/2006
Perf: $1,063.35 Date: 4/30/2006
Perf: $1,094.89 Date: 3/31/2006
Perf: $1,080.41 Date: 2/28/2006
Perf: $1,067.18 Date: 1/31/2006
Perf: $1,064.30 Date: 12/31/2005
Perf: $1,036.83 Date: 11/30/2005
Perf: $1,036.52 Date: 10/31/2005
Perf: $998.76 Date: 9/30/2005
Perf: $1,015.73 Date: 8/31/2005
Perf: $1,007.56 Date: 7/31/2005
Perf: $1,016.82 Date: 6/30/2005
Perf: $980.35 Date: 5/31/2005
Perf: $978.98 Date: 4/30/2005
Perf: $948.81 Date: 3/31/2005
Perf: $967.18 Date: 2/28/2005
Perf: $984.61 Date: 1/31/2005
Perf: $964.36 Date: 12/31/2004
Perf: $988.48 Date: 11/30/2004
Perf: $955.97 Date: 10/31/2004
Perf: $918.76 Date: 9/30/2004
Perf: $904.92 Date: 8/31/2004
Perf: $895.25 Date: 7/31/2004
Perf: $891.68 Date: 6/30/2004
Perf: $922.21 Date: 5/31/2004
Perf: $904.66 Date: 4/30/2004
Perf: $892.43 Date: 3/31/2004
Perf: $906.67 Date: 2/29/2004
Perf: $920.57 Date: 1/31/2004
Perf: $907.95 Date: 12/31/2003
Perf: $891.54 Date: 11/30/2003
Perf: $847.15 Date: 10/31/2003
Perf: $839.76 Date: 9/30/2003
Perf: $794.78 Date: 8/31/2003
Perf: $803.29 Date: 7/31/2003
Perf: $787.93 Date: 6/30/2003
Perf: $774.30 Date: 5/31/2003
Perf: $764.51 Date: 4/30/2003
Perf: $726.24 Date: 3/31/2003
Perf: $670.95 Date: 2/28/2003
Perf: $664.51 Date: 1/31/2003
Perf: $674.63 Date: 12/31/2002
Perf: $692.78 Date: 11/30/2002
Perf: $735.98 Date: 10/31/2002
Perf: $695.04 Date: 9/30/2002
Perf: $638.83 Date: 8/31/2002
Perf: $716.74 Date: 7/31/2002
Perf: $712.04 Date: 6/30/2002
Perf: $772.27 Date: 5/31/2002
Perf: $831.47 Date: 4/30/2002
Perf: $837.67 Date: 3/31/2002
Perf: $891.71 Date: 2/28/2002
Perf: $859.40 Date: 1/31/2002
Perf: $876.31 Date: 12/31/2001
Perf: $889.29 Date: 11/30/2001
Perf: $881.54 Date: 10/31/2001
Perf: $818.74 Date: 9/30/2001
Perf: $803.39 Date: 8/31/2001
Perf: $874.01 Date: 7/31/2001
Perf: $932.38 Date: 6/30/2001
Perf: $941.61 Date: 5/31/2001
Perf: $965.06 Date: 4/30/2001
Perf: $958.64 Date: 3/31/2001
Perf: $889.52 Date: 2/28/2001
Perf: $949.74 Date: 1/31/2001
Perf: $1,045.04 Date: 12/31/2000
Perf: $1,009.22 Date: 11/30/2000
Perf: $1,004.30 Date: 10/31/2000
Perf: $1,090.20 Date: 9/30/2000
Perf: $1,094.80 Date: 8/31/2000
Perf: $1,155.83 Date: 7/31/2000
Perf: $1,088.25 Date: 6/30/2000
Perf: $1,105.49 Date: 5/31/2000
Perf: $1,078.85 Date: 4/30/2000
Perf: $1,101.43 Date: 3/31/2000
Perf: $1,135.61 Date: 2/29/2000
Perf: $1,034.44 Date: 1/31/2000
Perf: $1,054.37 Date: 12/31/1999
Perf: $1,110.09 Date: 11/30/1999
Perf: $1,048.35 Date: 10/31/1999
Perf: $1,027.49 Date: 9/30/1999
Perf: $966.32 Date: 8/31/1999
Perf: $993.54 Date: 7/31/1999
Perf: $998.44 Date: 6/30/1999
Perf: $1,030.59 Date: 5/31/1999
Perf: $976.40 Date: 4/30/1999
Perf: $1,000.00 Date: 4/30/2019
Perf: $6,698.53 Date: 3/31/2019
Perf: $6,827.57 Date: 2/28/2019
Perf: $7,590.41 Date: 1/31/2019
Perf: $7,820.33 Date: 12/31/2018
Perf: $9,694.22 Date: 11/30/2018
Perf: $10,351.54 Date: 10/31/2018
Perf: $8,954.62 Date: 9/30/2018
Perf: $12,066.60 Date: 8/31/2018
Perf: $12,203.28 Date: 7/31/2018
Perf: $10,506.48 Date: 6/30/2018
Perf: $9,092.58 Date: 5/31/2018
Perf: $8,695.21 Date: 4/30/2018
Perf: $9,372.87 Date: 3/31/2018
Perf: $9,059.41 Date: 2/28/2018
Perf: $9,696.47 Date: 1/31/2018
Perf: $11,452.08 Date: 12/31/2017
Perf: $10,135.48 Date: 11/30/2017
Perf: $9,390.79 Date: 10/31/2017
Perf: $9,610.88 Date: 9/30/2017
Perf: $8,683.48 Date: 8/31/2017
Perf: $9,446.78 Date: 7/31/2017
Perf: $9,227.17 Date: 6/30/2017
Perf: $9,755.95 Date: 5/31/2017
Perf: $10,218.86 Date: 4/30/2017
Perf: $10,260.93 Date: 3/31/2017
Perf: $9,416.29 Date: 2/28/2017
Perf: $10,209.57 Date: 1/31/2017
Perf: $9,346.86 Date: 12/31/2016
Perf: $9,978.50 Date: 11/30/2016
Perf: $10,509.21 Date: 10/31/2016
Perf: $10,584.36 Date: 9/30/2016
Perf: $11,861.89 Date: 8/31/2016
Perf: $10,033.74 Date: 7/31/2016
Perf: $11,572.94 Date: 6/30/2016
Perf: $11,691.02 Date: 5/31/2016
Perf: $9,181.67 Date: 4/30/2016
Perf: $10,018.19 Date: 3/31/2016
Perf: $10,311.02 Date: 2/29/2016
Perf: $11,923.01 Date: 1/31/2016
Perf: $10,765.70 Date: 12/31/2015
Perf: $10,162.07 Date: 11/30/2015
Perf: $10,380.05 Date: 10/31/2015
Perf: $9,143.81 Date: 9/30/2015
Perf: $10,279.72 Date: 8/31/2015
Perf: $9,684.14 Date: 7/31/2015
Perf: $10,668.88 Date: 6/30/2015
Perf: $10,183.15 Date: 5/31/2015
Perf: $10,841.21 Date: 4/30/2015
Perf: $10,411.22 Date: 3/31/2015
Perf: $11,314.09 Date: 2/28/2015
Perf: $10,895.69 Date: 1/31/2015
Perf: $10,950.45 Date: 12/31/2014
Perf: $10,240.76 Date: 11/30/2014
Perf: $9,390.89 Date: 10/31/2014
Perf: $8,306.84 Date: 9/30/2014
Perf: $8,447.92 Date: 8/31/2014
Perf: $7,178.11 Date: 7/31/2014
Perf: $6,565.55 Date: 6/30/2014
Perf: $6,421.07 Date: 5/31/2014
Perf: $6,272.42 Date: 4/30/2014
Perf: $6,565.91 Date: 3/31/2014
Perf: $6,395.16 Date: 2/28/2014
Perf: $6,111.00 Date: 1/31/2014
Perf: $6,029.01 Date: 12/31/2013
Perf: $6,118.34 Date: 11/30/2013
Perf: $6,195.16 Date: 10/31/2013
Perf: $5,552.21 Date: 9/30/2013
Perf: $5,174.96 Date: 8/31/2013
Perf: $5,043.32 Date: 7/31/2013
Perf: $5,660.30 Date: 6/30/2013
Perf: $5,897.99 Date: 5/31/2013
Perf: $6,089.81 Date: 4/30/2013
Perf: $6,081.91 Date: 3/31/2013
Perf: $5,542.61 Date: 2/28/2013
Perf: $5,071.47 Date: 1/31/2013
Perf: $4,722.48 Date: 12/31/2012
Perf: $4,275.29 Date: 11/30/2012
Perf: $4,243.04 Date: 10/31/2012
Perf: $4,284.60 Date: 9/30/2012
Perf: $5,044.86 Date: 8/31/2012
Perf: $5,518.33 Date: 7/31/2012
Perf: $5,886.85 Date: 6/30/2012
Perf: $5,285.37 Date: 5/31/2012
Perf: $6,455.02 Date: 4/30/2012
Perf: $6,513.65 Date: 3/31/2012
Perf: $6,584.76 Date: 2/29/2012
Perf: $6,258.69 Date: 1/31/2012
Perf: $6,210.25 Date: 12/31/2011
Perf: $6,452.20 Date: 11/30/2011
Perf: $6,559.78 Date: 10/31/2011
Perf: $5,854.34 Date: 9/30/2011
Perf: $6,818.47 Date: 8/31/2011
Perf: $7,117.40 Date: 7/31/2011
Perf: $7,006.00 Date: 6/30/2011
Perf: $6,303.20 Date: 5/31/2011
Perf: $6,807.64 Date: 4/30/2011
Perf: $7,720.17 Date: 3/31/2011
Perf: $7,278.37 Date: 2/28/2011
Perf: $7,630.92 Date: 1/31/2011
Perf: $6,951.10 Date: 12/31/2010
Perf: $6,810.13 Date: 11/30/2010
Perf: $5,435.06 Date: 10/31/2010
Perf: $5,742.88 Date: 9/30/2010
Perf: $4,696.11 Date: 8/31/2010
Perf: $4,032.38 Date: 7/31/2010
Perf: $3,518.97 Date: 6/30/2010
Perf: $4,000.19 Date: 5/31/2010
Perf: $3,979.10 Date: 4/30/2010
Perf: $4,361.61 Date: 3/31/2010
Perf: $4,275.25 Date: 2/28/2010
Perf: $4,507.38 Date: 1/31/2010
Perf: $4,854.48 Date: 12/31/2009
Perf: $5,048.34 Date: 11/30/2009
Perf: $5,214.68 Date: 10/31/2009
Perf: $4,710.64 Date: 9/30/2009
Perf: $5,112.49 Date: 8/31/2009
Perf: $5,045.88 Date: 7/31/2009
Perf: $4,551.99 Date: 6/30/2009
Perf: $4,576.24 Date: 5/31/2009
Perf: $4,910.66 Date: 4/30/2009
Perf: $4,975.34 Date: 3/31/2009
Perf: $5,265.47 Date: 2/28/2009
Perf: $5,448.54 Date: 1/31/2009
Perf: $5,450.17 Date: 12/31/2008
Perf: $5,364.34 Date: 11/30/2008
Perf: $5,094.34 Date: 10/31/2008
Perf: $4,762.40 Date: 9/30/2008
Perf: $3,273.35 Date: 8/31/2008
Perf: $2,933.64 Date: 7/31/2008
Perf: $3,145.32 Date: 6/30/2008
Perf: $3,872.59 Date: 5/31/2008
Perf: $3,568.88 Date: 4/30/2008
Perf: $3,387.64 Date: 3/31/2008
Perf: $3,705.58 Date: 2/29/2008
Perf: $4,026.05 Date: 1/31/2008
Perf: $3,124.36 Date: 12/31/2007
Perf: $2,568.32 Date: 11/30/2007
Perf: $2,367.77 Date: 10/31/2007
Perf: $2,590.28 Date: 9/30/2007
Perf: $2,277.77 Date: 8/31/2007
Perf: $2,191.85 Date: 7/31/2007
Perf: $2,719.41 Date: 6/30/2007
Perf: $3,272.06 Date: 5/31/2007
Perf: $3,120.71 Date: 4/30/2007
Perf: $2,980.62 Date: 3/31/2007
Perf: $2,905.37 Date: 2/28/2007
Perf: $3,186.41 Date: 1/31/2007
Perf: $3,360.49 Date: 12/31/2006
Perf: $3,341.77 Date: 11/30/2006
Perf: $3,289.14 Date: 10/31/2006
Perf: $3,270.83 Date: 9/30/2006
Perf: $3,275.09 Date: 8/31/2006
Perf: $3,242.66 Date: 7/31/2006
Perf: $3,180.64 Date: 6/30/2006
Perf: $3,355.10 Date: 5/31/2006
Perf: $3,573.06 Date: 4/30/2006
Perf: $3,732.43 Date: 3/31/2006
Perf: $3,348.68 Date: 2/28/2006
Perf: $2,962.12 Date: 1/31/2006
Perf: $3,044.32 Date: 12/31/2005
Perf: $2,740.40 Date: 11/30/2005
Perf: $2,529.22 Date: 10/31/2005
Perf: $2,194.17 Date: 9/30/2005
Perf: $2,325.31 Date: 8/31/2005
Perf: $2,047.47 Date: 7/31/2005
Perf: $1,992.09 Date: 6/30/2005
Perf: $1,868.40 Date: 5/31/2005
Perf: $1,774.03 Date: 4/30/2005
Perf: $1,849.48 Date: 3/31/2005
Perf: $2,038.67 Date: 2/28/2005
Perf: $1,992.84 Date: 1/31/2005
Perf: $1,982.13 Date: 12/31/2004
Perf: $2,070.76 Date: 11/30/2004
Perf: $2,178.37 Date: 10/31/2004
Perf: $1,987.02 Date: 9/30/2004
Perf: $1,972.04 Date: 8/31/2004
Perf: $1,830.03 Date: 7/31/2004
Perf: $1,951.20 Date: 6/30/2004
Perf: $1,959.23 Date: 5/31/2004
Perf: $1,973.64 Date: 4/30/2004
Perf: $2,121.96 Date: 3/31/2004
Perf: $2,397.70 Date: 2/29/2004
Perf: $2,342.19 Date: 1/31/2004
Perf: $2,159.69 Date: 12/31/2003
Perf: $2,072.84 Date: 11/30/2003
Perf: $1,967.58 Date: 10/31/2003
Perf: $1,972.90 Date: 9/30/2003
Perf: $1,710.81 Date: 8/31/2003
Perf: $1,603.98 Date: 7/31/2003
Perf: $1,602.86 Date: 6/30/2003
Perf: $1,711.18 Date: 5/31/2003
Perf: $1,852.12 Date: 4/30/2003
Perf: $1,720.66 Date: 3/31/2003
Perf: $1,696.07 Date: 2/28/2003
Perf: $1,945.71 Date: 1/31/2003
Perf: $1,814.69 Date: 12/31/2002
Perf: $1,603.08 Date: 11/30/2002
Perf: $1,487.09 Date: 10/31/2002
Perf: $1,566.67 Date: 9/30/2002
Perf: $1,697.92 Date: 8/31/2002
Perf: $1,615.07 Date: 7/31/2002
Perf: $1,531.74 Date: 6/30/2002
Perf: $1,445.72 Date: 5/31/2002
Perf: $1,346.36 Date: 4/30/2002
Perf: $1,261.23 Date: 3/31/2002
Perf: $1,241.98 Date: 2/28/2002
Perf: $1,342.97 Date: 1/31/2002
Perf: $1,342.97 Date: 12/31/2001
Perf: $1,342.97 Date: 11/30/2001
Perf: $1,342.97 Date: 10/31/2001
Perf: $1,342.97 Date: 9/30/2001
Perf: $1,342.97 Date: 8/31/2001
Perf: $1,342.97 Date: 7/31/2001
Perf: $1,342.97 Date: 6/30/2001
Perf: $1,360.11 Date: 5/31/2001
Perf: $1,290.55 Date: 4/30/2001
Perf: $1,299.12 Date: 3/31/2001
Perf: $1,532.88 Date: 2/28/2001
Perf: $1,351.04 Date: 1/31/2001
Perf: $1,137.62 Date: 12/31/2000
Perf: $1,258.71 Date: 11/30/2000
Perf: $1,155.84 Date: 10/31/2000
Perf: $1,059.91 Date: 9/30/2000
Perf: $1,039.54 Date: 8/31/2000
Perf: $1,086.93 Date: 7/31/2000
Perf: $964.62 Date: 6/30/2000
Perf: $976.83 Date: 5/31/2000
Perf: $961.92 Date: 4/30/2000
Perf: $899.24 Date: 3/31/2000
Perf: $901.67 Date: 2/29/2000
Perf: $984.36 Date: 1/31/2000
Perf: $960.16 Date: 12/31/1999
Perf: $1,010.91 Date: 11/30/1999
Perf: $964.24 Date: 10/31/1999
Perf: $901.08 Date: 9/30/1999
Perf: $946.51 Date: 8/31/1999
Perf: $994.34 Date: 7/31/1999
Perf: $973.60 Date: 6/30/1999
Perf: $995.70 Date: 5/31/1999
Perf: $997.10 Date: 4/30/1999
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 04/99 - 04/19
Date: 4/30/2019
Return: -1.89 % Date: 3/31/2019
Return: -10.05 % Date: 2/28/2019
Return: -2.94 % Date: 1/31/2019
Return: -19.33 % Date: 12/31/2018
Return: -6.35 % Date: 11/30/2018
Return: 15.60 % Date: 10/31/2018
Return: -25.79 % Date: 9/30/2018
Return: -1.12 % Date: 8/31/2018
Return: 16.15 % Date: 7/31/2018
Return: 15.55 % Date: 6/30/2018
Return: 4.57 % Date: 5/31/2018
Return: -7.23 % Date: 4/30/2018
Return: 3.46 % Date: 3/31/2018
Return: -6.57 % Date: 2/28/2018
Return: -15.33 % Date: 1/31/2018
Return: 12.99 % Date: 12/31/2017
Return: 7.93 % Date: 11/30/2017
Return: -2.29 % Date: 10/31/2017
Return: 10.68 % Date: 9/30/2017
Return: -8.08 % Date: 8/31/2017
Return: 2.38 % Date: 7/31/2017
Return: -5.42 % Date: 6/30/2017
Return: -4.53 % Date: 5/31/2017
Return: -0.41 % Date: 4/30/2017
Return: 8.97 % Date: 3/31/2017
Return: -7.77 % Date: 2/28/2017
Return: 9.23 % Date: 1/31/2017
Return: -6.33 % Date: 12/31/2016
Return: -5.05 % Date: 11/30/2016
Return: -0.71 % Date: 10/31/2016
Return: -10.77 % Date: 9/30/2016
Return: 18.22 % Date: 8/31/2016
Return: -13.30 % Date: 7/31/2016
Return: -1.01 % Date: 6/30/2016
Return: 27.33 % Date: 5/31/2016
Return: -8.35 % Date: 4/30/2016
Return: -2.84 % Date: 3/31/2016
Return: -13.52 % Date: 2/29/2016
Return: 10.75 % Date: 1/31/2016
Return: 5.94 % Date: 12/31/2015
Return: -2.10 % Date: 11/30/2015
Return: 13.52 % Date: 10/31/2015
Return: -11.05 % Date: 9/30/2015
Return: 6.15 % Date: 8/31/2015
Return: -9.23 % Date: 7/31/2015
Return: 4.77 % Date: 6/30/2015
Return: -6.07 % Date: 5/31/2015
Return: 4.13 % Date: 4/30/2015
Return: -7.98 % Date: 3/31/2015
Return: 3.84 % Date: 2/28/2015
Return: -0.50 % Date: 1/31/2015
Return: 6.93 % Date: 12/31/2014
Return: 9.05 % Date: 11/30/2014
Return: 13.05 % Date: 10/31/2014
Return: -1.67 % Date: 9/30/2014
Return: 17.69 % Date: 8/31/2014
Return: 9.33 % Date: 7/31/2014
Return: 2.25 % Date: 6/30/2014
Return: 2.37 % Date: 5/31/2014
Return: -4.47 % Date: 4/30/2014
Return: 2.67 % Date: 3/31/2014
Return: 4.65 % Date: 2/28/2014
Return: 1.36 % Date: 1/31/2014
Return: -1.46 % Date: 12/31/2013
Return: -1.24 % Date: 11/30/2013
Return: 11.58 % Date: 10/31/2013
Return: 7.29 % Date: 9/30/2013
Return: 2.61 % Date: 8/31/2013
Return: -10.90 % Date: 7/31/2013
Return: -4.03 % Date: 6/30/2013
Return: -3.15 % Date: 5/31/2013
Return: 0.13 % Date: 4/30/2013
Return: 9.73 % Date: 3/31/2013
Return: 9.29 % Date: 2/28/2013
Return: 7.39 % Date: 1/31/2013
Return: 10.46 % Date: 12/31/2012
Return: 0.76 % Date: 11/30/2012
Return: -0.97 % Date: 10/31/2012
Return: -15.07 % Date: 9/30/2012
Return: -8.58 % Date: 8/31/2012
Return: -6.26 % Date: 7/31/2012
Return: 11.38 % Date: 6/30/2012
Return: -18.12 % Date: 5/31/2012
Return: -0.90 % Date: 4/30/2012
Return: -1.08 % Date: 3/31/2012
Return: 5.21 % Date: 2/29/2012
Return: 0.78 % Date: 1/31/2012
Return: -3.75 % Date: 12/31/2011
Return: -1.64 % Date: 11/30/2011
Return: 12.05 % Date: 10/31/2011
Return: -14.14 % Date: 9/30/2011
Return: -4.20 % Date: 8/31/2011
Return: 1.59 % Date: 7/31/2011
Return: 11.15 % Date: 6/30/2011
Return: -7.41 % Date: 5/31/2011
Return: -11.82 % Date: 4/30/2011
Return: 6.07 % Date: 3/31/2011
Return: -4.62 % Date: 2/28/2011
Return: 9.78 % Date: 1/31/2011
Return: 2.07 % Date: 12/31/2010
Return: 25.30 % Date: 11/30/2010
Return: -5.36 % Date: 10/31/2010
Return: 22.29 % Date: 9/30/2010
Return: 16.46 % Date: 8/31/2010
Return: 14.59 % Date: 7/31/2010
Return: -12.03 % Date: 6/30/2010
Return: 0.53 % Date: 5/31/2010
Return: -8.77 % Date: 4/30/2010
Return: 2.02 % Date: 3/31/2010
Return: -5.15 % Date: 2/28/2010
Return: -7.15 % Date: 1/31/2010
Return: -3.84 % Date: 12/31/2009
Return: -3.19 % Date: 11/30/2009
Return: 10.70 % Date: 10/31/2009
Return: -7.86 % Date: 9/30/2009
Return: 1.32 % Date: 8/31/2009
Return: 10.85 % Date: 7/31/2009
Return: -0.53 % Date: 6/30/2009
Return: -6.81 % Date: 5/31/2009
Return: -1.30 % Date: 4/30/2009
Return: -5.51 % Date: 3/31/2009
Return: -3.36 % Date: 2/28/2009
Return: -0.03 % Date: 1/31/2009
Return: 1.60 % Date: 12/31/2008
Return: 5.30 % Date: 11/30/2008
Return: 6.97 % Date: 10/31/2008
Return: 45.49 % Date: 9/30/2008
Return: 11.58 % Date: 8/31/2008
Return: -6.73 % Date: 7/31/2008
Return: -18.78 % Date: 6/30/2008
Return: 8.51 % Date: 5/31/2008
Return: 5.35 % Date: 4/30/2008
Return: -8.58 % Date: 3/31/2008
Return: -7.96 % Date: 2/29/2008
Return: 28.86 % Date: 1/31/2008
Return: 21.65 % Date: 12/31/2007
Return: 8.47 % Date: 11/30/2007
Return: -8.59 % Date: 10/31/2007
Return: 13.72 % Date: 9/30/2007
Return: 3.92 % Date: 8/31/2007
Return: -19.40 % Date: 7/31/2007
Return: -16.89 % Date: 6/30/2007
Return: 4.85 % Date: 5/31/2007
Return: 4.70 % Date: 4/30/2007
Return: 2.59 % Date: 3/31/2007
Return: -8.82 % Date: 2/28/2007
Return: -5.18 % Date: 1/31/2007
Return: 0.56 % Date: 12/31/2006
Return: 1.60 % Date: 11/30/2006
Return: 0.56 % Date: 10/31/2006
Return: -0.13 % Date: 9/30/2006
Return: 1.00 % Date: 8/31/2006
Return: 1.95 % Date: 7/31/2006
Return: -5.20 % Date: 6/30/2006
Return: -6.10 % Date: 5/31/2006
Return: -4.27 % Date: 4/30/2006
Return: 11.46 % Date: 3/31/2006
Return: 13.05 % Date: 2/28/2006
Return: -2.70 % Date: 1/31/2006
Return: 11.09 % Date: 12/31/2005
Return: 8.35 % Date: 11/30/2005
Return: 15.27 % Date: 10/31/2005
Return: -5.64 % Date: 9/30/2005
Return: 13.57 % Date: 8/31/2005
Return: 2.78 % Date: 7/31/2005
Return: 6.62 % Date: 6/30/2005
Return: 5.32 % Date: 5/31/2005
Return: -4.08 % Date: 4/30/2005
Return: -9.28 % Date: 3/31/2005
Return: 2.30 % Date: 2/28/2005
Return: 0.54 % Date: 1/31/2005
Return: -4.28 % Date: 12/31/2004
Return: -4.94 % Date: 11/30/2004
Return: 9.63 % Date: 10/31/2004
Return: 0.76 % Date: 9/30/2004
Return: 7.76 % Date: 8/31/2004
Return: -6.21 % Date: 7/31/2004
Return: -0.41 % Date: 6/30/2004
Return: -0.73 % Date: 5/31/2004
Return: -6.99 % Date: 4/30/2004
Return: -11.50 % Date: 3/31/2004
Return: 2.37 % Date: 2/29/2004
Return: 8.45 % Date: 1/31/2004
Return: 4.19 % Date: 12/31/2003
Return: 5.35 % Date: 11/30/2003
Return: -0.27 % Date: 10/31/2003
Return: 15.32 % Date: 9/30/2003
Return: 6.66 % Date: 8/31/2003
Return: 0.07 % Date: 7/31/2003
Return: -6.33 % Date: 6/30/2003
Return: -7.61 % Date: 5/31/2003
Return: 7.64 % Date: 4/30/2003
Return: 1.45 % Date: 3/31/2003
Return: -12.83 % Date: 2/28/2003
Return: 7.22 % Date: 1/31/2003
Return: 13.20 % Date: 12/31/2002
Return: 7.80 % Date: 11/30/2002
Return: -5.08 % Date: 10/31/2002
Return: -7.73 % Date: 9/30/2002
Return: 5.13 % Date: 8/31/2002
Return: 5.44 % Date: 7/31/2002
Return: 5.95 % Date: 6/30/2002
Return: 7.38 % Date: 5/31/2002
Return: 6.75 % Date: 4/30/2002
Return: 1.55 % Date: 3/31/2002
Return: -7.52 % Date: 2/28/2002
Return: 0.00 % Date: 1/31/2002
Return: 0.00 % Date: 12/31/2001
Return: 0.00 % Date: 11/30/2001
Return: 0.00 % Date: 10/31/2001
Return: 0.00 % Date: 9/30/2001
Return: 0.00 % Date: 8/31/2001
Return: 0.00 % Date: 7/31/2001
Return: -1.26 % Date: 6/30/2001
Return: 5.39 % Date: 5/31/2001
Return: -0.66 % Date: 4/30/2001
Return: -15.25 % Date: 3/31/2001
Return: 13.46 % Date: 2/28/2001
Return: 18.76 % Date: 1/31/2001
Return: -9.62 % Date: 12/31/2000
Return: 8.90 % Date: 11/30/2000
Return: 9.05 % Date: 10/31/2000
Return: 1.96 % Date: 9/30/2000
Return: -4.36 % Date: 8/31/2000
Return: 12.68 % Date: 7/31/2000
Return: -1.25 % Date: 6/30/2000
Return: 1.55 % Date: 5/31/2000
Return: 6.97 % Date: 4/30/2000
Return: -0.27 % Date: 3/31/2000
Return: -8.40 % Date: 2/29/2000
Return: 2.52 % Date: 1/31/2000
Return: -5.02 % Date: 12/31/1999
Return: 4.84 % Date: 11/30/1999
Return: 7.01 % Date: 10/31/1999
Return: -4.80 % Date: 9/30/1999
Return: -4.81 % Date: 8/31/1999
Return: 2.13 % Date: 7/31/1999
Return: -2.22 % Date: 6/30/1999
Return: -0.14 % Date: 5/31/1999
Return: -0.29 % Date: 4/30/1999
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 04/99 - 04/19
Return: -26.00 %
Count: 1 Return: 27.00 %
Count: 1 Return: 18.00 %
Count: 2 Return: -11.00 %
Count: 3 Return: -18.00 %
Count: 1 Return: -14.00 %
Count: 2 Return: 25.00 %
Count: 1 Return: 16.00 %
Count: 4 Return: 45.00 %
Count: 1 Return: 12.00 %
Count: 3 Return: 29.00 %
Count: 1 Return: 22.00 %
Count: 2 Return: -19.00 %
Count: 3 Return: -17.00 %
Count: 1 Return: -3.00 %
Count: 6 Return: 11.00 %
Count: 8 Return: 14.00 %
Count: 3 Return: -9.00 %
Count: 7 Return: 10.00 %
Count: 4 Return: -7.00 %
Count: 7 Return: -12.00 %
Count: 3 Return: 4.00 %
Count: 4 Return: 15.00 %
Count: 3 Return: -6.00 %
Count: 9 Return: 1.00 %
Count: 11 Return: -13.00 %
Count: 2 Return: 8.00 %
Count: 7 Return: 6.00 %
Count: 4 Return: -15.00 %
Count: 3 Return: 19.00 %
Count: 1 Return: -10.00 %
Count: 2 Return: 9.00 %
Count: 8 Return: -4.00 %
Count: 9 Return: 13.00 %
Count: 6 Return: -1.00 %
Count: 14 Return: -8.00 %
Count: 10 Return: 3.00 %
Count: 6 Return: 5.00 %
Count: 14 Return: 7.00 %
Count: 11 Return: -5.00 %
Count: 13 Return: 2.00 %
Count: 15 Return: -2.00 %
Count: 6 Return: 0.00 %
Count: 19
Note: All performance data is since program inception.

Underwater Curve

Date Range: 04/99 - 04/19
Date: 4/30/2019
Drawdown: -45.11 % Date: 3/31/2019
Drawdown: -44.05 % Date: 2/28/2019
Drawdown: -37.80 % Date: 1/31/2019
Drawdown: -35.92 % Date: 12/31/2018
Drawdown: -20.56 % Date: 11/30/2018
Drawdown: -15.17 % Date: 10/31/2018
Drawdown: -26.62 % Date: 9/30/2018
Drawdown: -1.12 % Date: 8/31/2018
Drawdown: 0.00 % Date: 7/31/2018
Drawdown: -11.88 % Date: 6/30/2018
Drawdown: -23.74 % Date: 5/31/2018
Drawdown: -27.07 % Date: 4/30/2018
Drawdown: -21.39 % Date: 3/31/2018
Drawdown: -24.02 % Date: 2/28/2018
Drawdown: -18.67 % Date: 1/31/2018
Drawdown: -3.95 % Date: 12/31/2017
Drawdown: -14.99 % Date: 11/30/2017
Drawdown: -21.24 % Date: 10/31/2017
Drawdown: -19.39 % Date: 9/30/2017
Drawdown: -27.17 % Date: 8/31/2017
Drawdown: -20.77 % Date: 7/31/2017
Drawdown: -22.61 % Date: 6/30/2017
Drawdown: -18.18 % Date: 5/31/2017
Drawdown: -14.29 % Date: 4/30/2017
Drawdown: -13.94 % Date: 3/31/2017
Drawdown: -21.02 % Date: 2/28/2017
Drawdown: -14.37 % Date: 1/31/2017
Drawdown: -21.61 % Date: 12/31/2016
Drawdown: -16.31 % Date: 11/30/2016
Drawdown: -11.86 % Date: 10/31/2016
Drawdown: -11.23 % Date: 9/30/2016
Drawdown: -0.51 % Date: 8/31/2016
Drawdown: -15.85 % Date: 7/31/2016
Drawdown: -2.94 % Date: 6/30/2016
Drawdown: -1.95 % Date: 5/31/2016
Drawdown: -22.99 % Date: 4/30/2016
Drawdown: -15.98 % Date: 3/31/2016
Drawdown: -13.52 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -4.85 % Date: 12/31/2015
Drawdown: -10.18 % Date: 11/30/2015
Drawdown: -8.26 % Date: 10/31/2015
Drawdown: -19.18 % Date: 9/30/2015
Drawdown: -9.14 % Date: 8/31/2015
Drawdown: -14.41 % Date: 7/31/2015
Drawdown: -5.70 % Date: 6/30/2015
Drawdown: -10.00 % Date: 5/31/2015
Drawdown: -4.18 % Date: 4/30/2015
Drawdown: -7.98 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -0.50 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -1.67 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: -7.02 % Date: 7/31/2014
Drawdown: -14.96 % Date: 6/30/2014
Drawdown: -16.83 % Date: 5/31/2014
Drawdown: -18.75 % Date: 4/30/2014
Drawdown: -14.95 % Date: 3/31/2014
Drawdown: -17.16 % Date: 2/28/2014
Drawdown: -20.84 % Date: 1/31/2014
Drawdown: -21.91 % Date: 12/31/2013
Drawdown: -20.75 % Date: 11/30/2013
Drawdown: -19.75 % Date: 10/31/2013
Drawdown: -28.08 % Date: 9/30/2013
Drawdown: -32.97 % Date: 8/31/2013
Drawdown: -34.67 % Date: 7/31/2013
Drawdown: -26.68 % Date: 6/30/2013
Drawdown: -23.60 % Date: 5/31/2013
Drawdown: -21.12 % Date: 4/30/2013
Drawdown: -21.22 % Date: 3/31/2013
Drawdown: -28.21 % Date: 2/28/2013
Drawdown: -34.31 % Date: 1/31/2013
Drawdown: -38.83 % Date: 12/31/2012
Drawdown: -44.62 % Date: 11/30/2012
Drawdown: -45.04 % Date: 10/31/2012
Drawdown: -44.50 % Date: 9/30/2012
Drawdown: -34.65 % Date: 8/31/2012
Drawdown: -28.52 % Date: 7/31/2012
Drawdown: -23.75 % Date: 6/30/2012
Drawdown: -31.54 % Date: 5/31/2012
Drawdown: -16.39 % Date: 4/30/2012
Drawdown: -15.63 % Date: 3/31/2012
Drawdown: -14.71 % Date: 2/29/2012
Drawdown: -18.93 % Date: 1/31/2012
Drawdown: -19.56 % Date: 12/31/2011
Drawdown: -16.42 % Date: 11/30/2011
Drawdown: -15.03 % Date: 10/31/2011
Drawdown: -24.17 % Date: 9/30/2011
Drawdown: -11.68 % Date: 8/31/2011
Drawdown: -7.81 % Date: 7/31/2011
Drawdown: -9.25 % Date: 6/30/2011
Drawdown: -18.35 % Date: 5/31/2011
Drawdown: -11.82 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -4.62 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -5.36 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -13.84 % Date: 8/31/2010
Drawdown: -26.01 % Date: 7/31/2010
Drawdown: -35.43 % Date: 6/30/2010
Drawdown: -26.60 % Date: 5/31/2010
Drawdown: -26.99 % Date: 4/30/2010
Drawdown: -19.97 % Date: 3/31/2010
Drawdown: -21.56 % Date: 2/28/2010
Drawdown: -17.30 % Date: 1/31/2010
Drawdown: -10.93 % Date: 12/31/2009
Drawdown: -7.37 % Date: 11/30/2009
Drawdown: -4.32 % Date: 10/31/2009
Drawdown: -13.57 % Date: 9/30/2009
Drawdown: -6.20 % Date: 8/31/2009
Drawdown: -7.42 % Date: 7/31/2009
Drawdown: -16.48 % Date: 6/30/2009
Drawdown: -16.03 % Date: 5/31/2009
Drawdown: -9.90 % Date: 4/30/2009
Drawdown: -8.71 % Date: 3/31/2009
Drawdown: -3.39 % Date: 2/28/2009
Drawdown: -0.03 % 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: -18.70 % Date: 8/31/2008
Drawdown: -27.13 % Date: 7/31/2008
Drawdown: -21.88 % Date: 6/30/2008
Drawdown: -3.81 % Date: 5/31/2008
Drawdown: -11.36 % Date: 4/30/2008
Drawdown: -15.86 % Date: 3/31/2008
Drawdown: -7.96 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -16.29 % Date: 12/31/2007
Drawdown: -31.19 % Date: 11/30/2007
Drawdown: -36.56 % Date: 10/31/2007
Drawdown: -30.60 % Date: 9/30/2007
Drawdown: -38.97 % Date: 8/31/2007
Drawdown: -41.28 % Date: 7/31/2007
Drawdown: -27.14 % Date: 6/30/2007
Drawdown: -12.33 % Date: 5/31/2007
Drawdown: -16.39 % Date: 4/30/2007
Drawdown: -20.14 % Date: 3/31/2007
Drawdown: -22.16 % Date: 2/28/2007
Drawdown: -14.63 % Date: 1/31/2007
Drawdown: -9.97 % Date: 12/31/2006
Drawdown: -10.47 % Date: 11/30/2006
Drawdown: -11.88 % Date: 10/31/2006
Drawdown: -12.37 % Date: 9/30/2006
Drawdown: -12.25 % Date: 8/31/2006
Drawdown: -13.12 % Date: 7/31/2006
Drawdown: -14.78 % Date: 6/30/2006
Drawdown: -10.11 % Date: 5/31/2006
Drawdown: -4.27 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -2.70 % 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: -8.49 % Date: 9/30/2005
Drawdown: -3.02 % Date: 8/31/2005
Drawdown: -14.61 % Date: 7/31/2005
Drawdown: -16.92 % Date: 6/30/2005
Drawdown: -22.08 % Date: 5/31/2005
Drawdown: -26.01 % Date: 4/30/2005
Drawdown: -22.86 % Date: 3/31/2005
Drawdown: -14.97 % Date: 2/28/2005
Drawdown: -16.89 % Date: 1/31/2005
Drawdown: -17.33 % Date: 12/31/2004
Drawdown: -13.64 % Date: 11/30/2004
Drawdown: -9.15 % Date: 10/31/2004
Drawdown: -17.13 % Date: 9/30/2004
Drawdown: -17.75 % Date: 8/31/2004
Drawdown: -23.68 % Date: 7/31/2004
Drawdown: -18.62 % Date: 6/30/2004
Drawdown: -18.29 % Date: 5/31/2004
Drawdown: -17.69 % Date: 4/30/2004
Drawdown: -11.50 % Date: 3/31/2004
Drawdown: 0.00 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: 0.00 % Date: 12/31/2003
Drawdown: 0.00 % Date: 11/30/2003
Drawdown: -0.27 % Date: 10/31/2003
Drawdown: 0.00 % Date: 9/30/2003
Drawdown: -12.07 % Date: 8/31/2003
Drawdown: -17.56 % Date: 7/31/2003
Drawdown: -17.62 % Date: 6/30/2003
Drawdown: -12.05 % Date: 5/31/2003
Drawdown: -4.81 % Date: 4/30/2003
Drawdown: -11.57 % Date: 3/31/2003
Drawdown: -12.83 % Date: 2/28/2003
Drawdown: 0.00 % Date: 1/31/2003
Drawdown: 0.00 % Date: 12/31/2002
Drawdown: -5.59 % Date: 11/30/2002
Drawdown: -12.42 % Date: 10/31/2002
Drawdown: -7.73 % Date: 9/30/2002
Drawdown: 0.00 % Date: 8/31/2002
Drawdown: 0.00 % Date: 7/31/2002
Drawdown: -0.07 % Date: 6/30/2002
Drawdown: -5.69 % Date: 5/31/2002
Drawdown: -12.17 % Date: 4/30/2002
Drawdown: -17.72 % Date: 3/31/2002
Drawdown: -18.98 % Date: 2/28/2002
Drawdown: -12.39 % Date: 1/31/2002
Drawdown: -12.39 % Date: 12/31/2001
Drawdown: -12.39 % Date: 11/30/2001
Drawdown: -12.39 % Date: 10/31/2001
Drawdown: -12.39 % Date: 9/30/2001
Drawdown: -12.39 % Date: 8/31/2001
Drawdown: -12.39 % Date: 7/31/2001
Drawdown: -12.39 % Date: 6/30/2001
Drawdown: -11.27 % Date: 5/31/2001
Drawdown: -15.81 % Date: 4/30/2001
Drawdown: -15.25 % Date: 3/31/2001
Drawdown: 0.00 % Date: 2/28/2001
Drawdown: 0.00 % Date: 1/31/2001
Drawdown: -9.62 % Date: 12/31/2000
Drawdown: 0.00 % Date: 11/30/2000
Drawdown: 0.00 % Date: 10/31/2000
Drawdown: -2.49 % Date: 9/30/2000
Drawdown: -4.36 % Date: 8/31/2000
Drawdown: 0.00 % Date: 7/31/2000
Drawdown: -4.58 % Date: 6/30/2000
Drawdown: -3.37 % Date: 5/31/2000
Drawdown: -4.85 % Date: 4/30/2000
Drawdown: -11.05 % Date: 3/31/2000
Drawdown: -10.81 % Date: 2/29/2000
Drawdown: -2.63 % Date: 1/31/2000
Drawdown: -5.02 % Date: 12/31/1999
Drawdown: 0.00 % Date: 11/30/1999
Drawdown: -3.58 % Date: 10/31/1999
Drawdown: -9.89 % Date: 9/30/1999
Drawdown: -5.35 % Date: 8/31/1999
Drawdown: -0.57 % Date: 7/31/1999
Drawdown: -2.64 % Date: 6/30/1999
Drawdown: -0.43 % Date: 5/31/1999
Drawdown: -0.29 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Mulvaney Capital Management Ltd
Address: 3 Copthall Avenue
City: London
State:
Zip: EC2R 7BH
Country: United Kingdom

Key People

Name:  Paul Mulvaney
Position:  Chief Executive Officer
Biography: 

Paul graduated from Manchester University in 1985 with a First Class Honours degree in Computer Science & Mathematics. He completed the one-year Management Science program at Imperial College, London in 1986, earning an MSc with Distinction. The focus of his Master’s thesis was computerised arbitrage models for interest and exchange rate trading. After university, Paul held posts in derivatives and foreign exchange trading at Midland Montagu, Bankers Trust Company and NatWest Markets before joining Merrill Lynch in September 1993. At Merrill Lynch he managed several of the firm’s major options portfolios, including Global Foreign Exchange Options and Exotic Commodity Options. Mr. Mulvaney left Merrill Lynch in 1999 in order to found Mulvaney Capital.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Forex Yes 
 Investment Methodology
 Technical Yes 
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $10,000,000 
 Margin / Equity Ratio: 16% 
 Managed Account Availability: Open