Wimmer Horizon, LLP

Beach Horizon Programme *QEP*


Monthly Performance (%)

Date Range: 04/05 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -6.62 1.95 2.22 2.87   0.11 
2018 3.16 -8.31 6.25 -1.93 -3.49 -4.55 -3.73 7.20 -5.46 -2.93 0.01 3.56  -10.94 
2017 -1.80 0.51 -4.58 0.79 -1.19 -6.26 2.82 2.72 -7.10 8.30 2.72 -0.90  -4.89 
2016 4.23 4.22 -5.55 -3.20 -5.28 4.87 2.91 -2.09 -1.54 -2.29 6.07 -1.50  -0.09 
2015 3.57 2.03 0.80 -5.48 -1.02 -4.50 5.23 5.16 2.12 -6.62 3.87 0.89  5.24 
2014 2.00 0.60 -1.73 1.65 2.78 -2.60 4.21 4.22 8.73 3.04 7.10 4.53  39.78 
2013 1.69 -4.13 -0.63 3.12 -1.54 -1.44 -4.24 -0.74 -2.09 3.28 -0.16 -1.47  -8.34 
2012 -3.07 -1.53 -3.36 -0.22 6.85 -7.37 3.24 -3.11 -4.88 -4.50 -1.93 -0.84  -19.51 
2011 0.94 3.68 -2.53 4.20 -4.93 -4.03 5.56 0.46 -0.61 -6.54 3.59 -0.10  -1.14 
2010 -4.08 -0.15 4.89 2.14 -8.42 0.26 -4.76 4.04 2.77 7.82 -4.34 9.80  8.65 
2009 0.66 0.78 -3.73 -2.93 -1.43 -2.53 -1.23 3.64 1.91 -4.39 7.62 -2.44  -4.62 
2008 9.67 20.07 -2.55 -4.04 2.60 6.13 -11.02 -4.10 6.84 17.50 6.30 4.67  59.82 
2007 1.85 -2.91 -2.41 5.03 4.98 4.20 -6.78 -9.28 7.91 9.62 -2.36 5.87  14.65 
2006 6.25 -4.08 6.73 9.63 -1.87 -3.75 -5.61 0.98 -2.99 4.31 0.80 2.06  11.76 
2005 4.65 3.27 -2.73 4.15 1.51 -3.10 10.27 0.74  19.63 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Beach Horizon is a systematic, trend following managed futures programme that trades a global portfolio of commodity, financial and foreign exchange markets. The model trades a portfolio of over 100 markets with a 60% risk allocation to commodities which is higher than most futures strategies. It uses a dynamic portfolio balancing technique which avoids over concentration of risk and is highly diversified. Trading is done using multi-scale frequency filters are used to capture market behaviour in multiple time horizons built using Digital Signal Processing techniques.

Performance Statistics

Date Range: 04/05 - 04/19
  Program S&P 500 Altegris 40 
Total Return 130.78% 234.80% 51.59% 
Annualized Return 6.16% 8.96% 3.00% 
Annualized Std. Deviation 16.80% 13.88% 8.83% 
Correlation -0.17 0.79 
Sharpe Ratio (rf=2.5%) 0.22 0.47 0.06 
Worst Month -11.02% -16.79% -6.10% 
Date of Worst Month 07/2008 10/2008 02/2018 
Worst Drawdown -32.46% -50.95% -15.74% 
Date of Worst Drawdown 4/11 - 9/13 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 04/05 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 0.11 18.24 5.17 
2018 -10.94 -4.38 -4.29 
2017 -4.89 21.84 1.24 
2016 -0.09 11.98 -3.13 
2015 5.24 1.41 0.09 
2014 39.78 13.69 15.75 
2013 -8.34 32.41 -2.45 
2012 -19.51 15.98 -4.75 
2011 -1.14 2.12 -3.23 
2010 8.65 15.06 11.33 
2009 -4.62 26.45 -7.98 
2008 59.82 -36.99 15.47 
2007 14.65 5.50 7.18 
2006 11.76 15.79 6.70 
2005 19.63 9.28 11.69 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 04/05 - 04/19
Date: 4/30/2019
Perf: $1,553.92 Date: 3/31/2019
Perf: $1,512.33 Date: 2/28/2019
Perf: $1,459.92 Date: 1/31/2019
Perf: $1,450.64 Date: 12/31/2018
Perf: $1,477.53 Date: 11/30/2018
Perf: $1,471.35 Date: 10/31/2018
Perf: $1,489.22 Date: 9/30/2018
Perf: $1,526.94 Date: 8/31/2018
Perf: $1,533.84 Date: 7/31/2018
Perf: $1,495.70 Date: 6/30/2018
Perf: $1,507.00 Date: 5/31/2018
Perf: $1,494.45 Date: 4/30/2018
Perf: $1,513.98 Date: 3/31/2018
Perf: $1,497.80 Date: 2/28/2018
Perf: $1,499.15 Date: 1/31/2018
Perf: $1,596.54 Date: 12/31/2017
Perf: $1,543.74 Date: 11/30/2017
Perf: $1,527.10 Date: 10/31/2017
Perf: $1,525.12 Date: 9/30/2017
Perf: $1,463.78 Date: 8/31/2017
Perf: $1,495.34 Date: 7/31/2017
Perf: $1,470.92 Date: 6/30/2017
Perf: $1,465.20 Date: 5/31/2017
Perf: $1,509.27 Date: 4/30/2017
Perf: $1,506.41 Date: 3/31/2017
Perf: $1,515.51 Date: 2/28/2017
Perf: $1,537.96 Date: 1/31/2017
Perf: $1,505.15 Date: 12/31/2016
Perf: $1,524.82 Date: 11/30/2016
Perf: $1,513.32 Date: 10/31/2016
Perf: $1,530.15 Date: 9/30/2016
Perf: $1,570.67 Date: 8/31/2016
Perf: $1,591.20 Date: 7/31/2016
Perf: $1,635.18 Date: 6/30/2016
Perf: $1,618.67 Date: 5/31/2016
Perf: $1,552.68 Date: 4/30/2016
Perf: $1,580.34 Date: 3/31/2016
Perf: $1,621.03 Date: 2/29/2016
Perf: $1,668.93 Date: 1/31/2016
Perf: $1,628.86 Date: 12/31/2015
Perf: $1,574.08 Date: 11/30/2015
Perf: $1,611.13 Date: 10/31/2015
Perf: $1,558.01 Date: 9/30/2015
Perf: $1,585.60 Date: 8/31/2015
Perf: $1,551.92 Date: 7/31/2015
Perf: $1,579.24 Date: 6/30/2015
Perf: $1,519.82 Date: 5/31/2015
Perf: $1,603.18 Date: 4/30/2015
Perf: $1,614.81 Date: 3/31/2015
Perf: $1,679.64 Date: 2/28/2015
Perf: $1,643.32 Date: 1/31/2015
Perf: $1,645.96 Date: 12/31/2014
Perf: $1,572.67 Date: 11/30/2014
Perf: $1,545.47 Date: 10/31/2014
Perf: $1,458.68 Date: 9/30/2014
Perf: $1,437.55 Date: 8/31/2014
Perf: $1,416.44 Date: 7/31/2014
Perf: $1,358.96 Date: 6/30/2014
Perf: $1,369.92 Date: 5/31/2014
Perf: $1,358.24 Date: 4/30/2014
Perf: $1,324.33 Date: 3/31/2014
Perf: $1,314.35 Date: 2/28/2014
Perf: $1,334.09 Date: 1/31/2014
Perf: $1,323.24 Date: 12/31/2013
Perf: $1,358.70 Date: 11/30/2013
Perf: $1,360.61 Date: 10/31/2013
Perf: $1,336.42 Date: 9/30/2013
Perf: $1,306.50 Date: 8/31/2013
Perf: $1,314.38 Date: 7/31/2013
Perf: $1,340.11 Date: 6/30/2013
Perf: $1,351.88 Date: 5/31/2013
Perf: $1,405.13 Date: 4/30/2013
Perf: $1,468.27 Date: 3/31/2013
Perf: $1,431.34 Date: 2/28/2013
Perf: $1,411.02 Date: 1/31/2013
Perf: $1,419.25 Date: 12/31/2012
Perf: $1,392.79 Date: 11/30/2012
Perf: $1,386.00 Date: 10/31/2012
Perf: $1,382.13 Date: 9/30/2012
Perf: $1,434.04 Date: 8/31/2012
Perf: $1,458.10 Date: 7/31/2012
Perf: $1,478.20 Date: 6/30/2012
Perf: $1,420.12 Date: 5/31/2012
Perf: $1,475.60 Date: 4/30/2012
Perf: $1,448.09 Date: 3/31/2012
Perf: $1,439.45 Date: 2/29/2012
Perf: $1,472.88 Date: 1/31/2012
Perf: $1,466.87 Date: 12/31/2011
Perf: $1,462.19 Date: 11/30/2011
Perf: $1,448.29 Date: 10/31/2011
Perf: $1,443.96 Date: 9/30/2011
Perf: $1,503.49 Date: 8/31/2011
Perf: $1,504.40 Date: 7/31/2011
Perf: $1,507.41 Date: 6/30/2011
Perf: $1,455.17 Date: 5/31/2011
Perf: $1,494.02 Date: 4/30/2011
Perf: $1,550.61 Date: 3/31/2011
Perf: $1,492.41 Date: 2/28/2011
Perf: $1,515.60 Date: 1/31/2011
Perf: $1,490.26 Date: 12/31/2010
Perf: $1,510.96 Date: 11/30/2010
Perf: $1,448.81 Date: 10/31/2010
Perf: $1,501.98 Date: 9/30/2010
Perf: $1,445.88 Date: 8/31/2010
Perf: $1,420.03 Date: 7/31/2010
Perf: $1,363.58 Date: 6/30/2010
Perf: $1,381.40 Date: 5/31/2010
Perf: $1,376.17 Date: 4/30/2010
Perf: $1,410.30 Date: 3/31/2010
Perf: $1,388.91 Date: 2/28/2010
Perf: $1,335.88 Date: 1/31/2010
Perf: $1,323.44 Date: 12/31/2009
Perf: $1,357.23 Date: 11/30/2009
Perf: $1,413.78 Date: 10/31/2009
Perf: $1,359.02 Date: 9/30/2009
Perf: $1,394.72 Date: 8/31/2009
Perf: $1,362.30 Date: 7/31/2009
Perf: $1,357.82 Date: 6/30/2009
Perf: $1,359.31 Date: 5/31/2009
Perf: $1,396.46 Date: 4/30/2009
Perf: $1,377.45 Date: 3/31/2009
Perf: $1,424.02 Date: 2/28/2009
Perf: $1,464.58 Date: 1/31/2009
Perf: $1,465.32 Date: 12/31/2008
Perf: $1,474.90 Date: 11/30/2008
Perf: $1,437.95 Date: 10/31/2008
Perf: $1,387.04 Date: 9/30/2008
Perf: $1,319.11 Date: 8/31/2008
Perf: $1,316.35 Date: 7/31/2008
Perf: $1,352.46 Date: 6/30/2008
Perf: $1,417.52 Date: 5/31/2008
Perf: $1,380.66 Date: 4/30/2008
Perf: $1,352.79 Date: 3/31/2008
Perf: $1,368.53 Date: 2/29/2008
Perf: $1,374.58 Date: 1/31/2008
Perf: $1,300.57 Date: 12/31/2007
Perf: $1,277.33 Date: 11/30/2007
Perf: $1,280.27 Date: 10/31/2007
Perf: $1,288.65 Date: 9/30/2007
Perf: $1,235.40 Date: 8/31/2007
Perf: $1,180.28 Date: 7/31/2007
Perf: $1,226.01 Date: 6/30/2007
Perf: $1,265.10 Date: 5/31/2007
Perf: $1,229.57 Date: 4/30/2007
Perf: $1,187.19 Date: 3/31/2007
Perf: $1,139.33 Date: 2/28/2007
Perf: $1,166.63 Date: 1/31/2007
Perf: $1,212.09 Date: 12/31/2006
Perf: $1,191.71 Date: 11/30/2006
Perf: $1,152.75 Date: 10/31/2006
Perf: $1,125.18 Date: 9/30/2006
Perf: $1,112.94 Date: 8/31/2006
Perf: $1,124.86 Date: 7/31/2006
Perf: $1,112.40 Date: 6/30/2006
Perf: $1,129.11 Date: 5/31/2006
Perf: $1,144.80 Date: 4/30/2006
Perf: $1,175.96 Date: 3/31/2006
Perf: $1,147.95 Date: 2/28/2006
Perf: $1,117.99 Date: 1/31/2006
Perf: $1,138.25 Date: 12/31/2005
Perf: $1,116.91 Date: 11/30/2005
Perf: $1,137.50 Date: 10/31/2005
Perf: $1,090.71 Date: 9/30/2005
Perf: $1,088.97 Date: 8/31/2005
Perf: $1,072.45 Date: 7/31/2005
Perf: $1,066.69 Date: 6/30/2005
Perf: $1,066.05 Date: 5/31/2005
Perf: $1,030.90 Date: 4/30/2005
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,412.89 Date: 3/31/2019
Perf: $3,280.04 Date: 2/28/2019
Perf: $3,217.62 Date: 1/31/2019
Perf: $3,117.55 Date: 12/31/2018
Perf: $2,886.35 Date: 11/30/2018
Perf: $3,172.86 Date: 10/31/2018
Perf: $3,109.43 Date: 9/30/2018
Perf: $3,337.73 Date: 8/31/2018
Perf: $3,318.81 Date: 7/31/2018
Perf: $3,214.04 Date: 6/30/2018
Perf: $3,098.76 Date: 5/31/2018
Perf: $3,079.67 Date: 4/30/2018
Perf: $3,007.19 Date: 3/31/2018
Perf: $2,995.81 Date: 2/28/2018
Perf: $3,073.89 Date: 1/31/2018
Perf: $3,191.66 Date: 12/31/2017
Perf: $3,018.69 Date: 11/30/2017
Perf: $2,985.55 Date: 10/31/2017
Perf: $2,896.62 Date: 9/30/2017
Perf: $2,830.67 Date: 8/31/2017
Perf: $2,773.53 Date: 7/31/2017
Perf: $2,764.96 Date: 6/30/2017
Perf: $2,709.15 Date: 5/31/2017
Perf: $2,692.46 Date: 4/30/2017
Perf: $2,655.02 Date: 3/31/2017
Perf: $2,627.96 Date: 2/28/2017
Perf: $2,624.81 Date: 1/31/2017
Perf: $2,524.58 Date: 12/31/2016
Perf: $2,477.51 Date: 11/30/2016
Perf: $2,429.41 Date: 10/31/2016
Perf: $2,342.72 Date: 9/30/2016
Perf: $2,386.15 Date: 8/31/2016
Perf: $2,385.68 Date: 7/31/2016
Perf: $2,382.34 Date: 6/30/2016
Perf: $2,297.56 Date: 5/31/2016
Perf: $2,291.60 Date: 4/30/2016
Perf: $2,251.08 Date: 3/31/2016
Perf: $2,242.34 Date: 2/29/2016
Perf: $2,099.96 Date: 1/31/2016
Perf: $2,102.69 Date: 12/31/2015
Perf: $2,212.43 Date: 11/30/2015
Perf: $2,247.95 Date: 10/31/2015
Perf: $2,241.22 Date: 9/30/2015
Perf: $2,066.79 Date: 8/31/2015
Perf: $2,119.13 Date: 7/31/2015
Perf: $2,255.11 Date: 6/30/2015
Perf: $2,208.73 Date: 5/31/2015
Perf: $2,252.43 Date: 4/30/2015
Perf: $2,223.74 Date: 3/31/2015
Perf: $2,202.60 Date: 2/28/2015
Perf: $2,237.96 Date: 1/31/2015
Perf: $2,116.27 Date: 12/31/2014
Perf: $2,181.72 Date: 11/30/2014
Perf: $2,187.19 Date: 10/31/2014
Perf: $2,129.90 Date: 9/30/2014
Perf: $2,079.16 Date: 8/31/2014
Perf: $2,108.69 Date: 7/31/2014
Perf: $2,027.58 Date: 6/30/2014
Perf: $2,055.95 Date: 5/31/2014
Perf: $2,014.26 Date: 4/30/2014
Perf: $1,968.01 Date: 3/31/2014
Perf: $1,953.55 Date: 2/28/2014
Perf: $1,937.28 Date: 1/31/2014
Perf: $1,852.62 Date: 12/31/2013
Perf: $1,919.01 Date: 11/30/2013
Perf: $1,871.66 Date: 10/31/2013
Perf: $1,816.27 Date: 9/30/2013
Perf: $1,736.39 Date: 8/31/2013
Perf: $1,683.53 Date: 7/31/2013
Perf: $1,733.81 Date: 6/30/2013
Perf: $1,649.83 Date: 5/31/2013
Perf: $1,672.24 Date: 4/30/2013
Perf: $1,634.01 Date: 3/31/2013
Perf: $1,603.07 Date: 2/28/2013
Perf: $1,545.12 Date: 1/31/2013
Perf: $1,524.39 Date: 12/31/2012
Perf: $1,449.32 Date: 11/30/2012
Perf: $1,436.25 Date: 10/31/2012
Perf: $1,427.97 Date: 9/30/2012
Perf: $1,454.88 Date: 8/31/2012
Perf: $1,418.29 Date: 7/31/2012
Perf: $1,387.08 Date: 6/30/2012
Perf: $1,368.06 Date: 5/31/2012
Perf: $1,313.93 Date: 4/30/2012
Perf: $1,397.95 Date: 3/31/2012
Perf: $1,406.81 Date: 2/29/2012
Perf: $1,362.00 Date: 1/31/2012
Perf: $1,305.60 Date: 12/31/2011
Perf: $1,249.61 Date: 11/30/2011
Perf: $1,237.00 Date: 10/31/2011
Perf: $1,239.72 Date: 9/30/2011
Perf: $1,117.57 Date: 8/31/2011
Perf: $1,202.08 Date: 7/31/2011
Perf: $1,271.10 Date: 6/30/2011
Perf: $1,297.44 Date: 5/31/2011
Perf: $1,319.47 Date: 4/30/2011
Perf: $1,334.55 Date: 3/31/2011
Perf: $1,296.19 Date: 2/28/2011
Perf: $1,295.67 Date: 1/31/2011
Perf: $1,252.70 Date: 12/31/2010
Perf: $1,223.70 Date: 11/30/2010
Perf: $1,147.08 Date: 10/31/2010
Perf: $1,146.96 Date: 9/30/2010
Perf: $1,104.87 Date: 8/31/2010
Perf: $1,014.38 Date: 7/31/2010
Perf: $1,062.29 Date: 6/30/2010
Perf: $992.70 Date: 5/31/2010
Perf: $1,047.49 Date: 4/30/2010
Perf: $1,138.45 Date: 3/31/2010
Perf: $1,120.74 Date: 2/28/2010
Perf: $1,057.00 Date: 1/31/2010
Perf: $1,025.22 Date: 12/31/2009
Perf: $1,063.51 Date: 11/30/2009
Perf: $1,043.37 Date: 10/31/2009
Perf: $984.31 Date: 9/30/2009
Perf: $1,002.97 Date: 8/31/2009
Perf: $966.90 Date: 7/31/2009
Perf: $933.21 Date: 6/30/2009
Perf: $867.62 Date: 5/31/2009
Perf: $865.89 Date: 4/30/2009
Perf: $820.05 Date: 3/31/2009
Perf: $748.42 Date: 2/28/2009
Perf: $688.14 Date: 1/31/2009
Perf: $770.17 Date: 12/31/2008
Perf: $841.07 Date: 11/30/2008
Perf: $832.25 Date: 10/31/2008
Perf: $896.62 Date: 9/30/2008
Perf: $1,077.54 Date: 8/31/2008
Perf: $1,182.94 Date: 7/31/2008
Perf: $1,166.04 Date: 6/30/2008
Perf: $1,175.91 Date: 5/31/2008
Perf: $1,284.17 Date: 4/30/2008
Perf: $1,267.69 Date: 3/31/2008
Perf: $1,208.82 Date: 2/29/2008
Perf: $1,214.04 Date: 1/31/2008
Perf: $1,254.82 Date: 12/31/2007
Perf: $1,334.92 Date: 11/30/2007
Perf: $1,344.19 Date: 10/31/2007
Perf: $1,402.83 Date: 9/30/2007
Perf: $1,380.87 Date: 8/31/2007
Perf: $1,331.09 Date: 7/31/2007
Perf: $1,311.42 Date: 6/30/2007
Perf: $1,353.37 Date: 5/31/2007
Perf: $1,376.22 Date: 4/30/2007
Perf: $1,329.81 Date: 3/31/2007
Perf: $1,273.40 Date: 2/28/2007
Perf: $1,259.29 Date: 1/31/2007
Perf: $1,284.47 Date: 12/31/2006
Perf: $1,265.36 Date: 11/30/2006
Perf: $1,247.89 Date: 10/31/2006
Perf: $1,224.62 Date: 9/30/2006
Perf: $1,185.96 Date: 8/31/2006
Perf: $1,156.13 Date: 7/31/2006
Perf: $1,129.26 Date: 6/30/2006
Perf: $1,122.30 Date: 5/31/2006
Perf: $1,120.73 Date: 4/30/2006
Perf: $1,153.96 Date: 3/31/2006
Perf: $1,138.70 Date: 2/28/2006
Perf: $1,124.76 Date: 1/31/2006
Perf: $1,121.73 Date: 12/31/2005
Perf: $1,092.77 Date: 11/30/2005
Perf: $1,092.44 Date: 10/31/2005
Perf: $1,052.65 Date: 9/30/2005
Perf: $1,070.53 Date: 8/31/2005
Perf: $1,061.93 Date: 7/31/2005
Perf: $1,071.68 Date: 6/30/2005
Perf: $1,033.24 Date: 5/31/2005
Perf: $1,031.80 Date: 4/30/2005
Perf: $1,000.00 Date: 4/30/2019
Perf: $2,307.83 Date: 3/31/2019
Perf: $2,243.44 Date: 2/28/2019
Perf: $2,194.72 Date: 1/31/2019
Perf: $2,152.74 Date: 12/31/2018
Perf: $2,305.35 Date: 11/30/2018
Perf: $2,226.10 Date: 10/31/2018
Perf: $2,225.88 Date: 9/30/2018
Perf: $2,293.07 Date: 8/31/2018
Perf: $2,425.50 Date: 7/31/2018
Perf: $2,262.59 Date: 6/30/2018
Perf: $2,350.26 Date: 5/31/2018
Perf: $2,462.29 Date: 4/30/2018
Perf: $2,551.33 Date: 3/31/2018
Perf: $2,601.54 Date: 2/28/2018
Perf: $2,448.51 Date: 1/31/2018
Perf: $2,670.42 Date: 12/31/2017
Perf: $2,588.62 Date: 11/30/2017
Perf: $2,612.13 Date: 10/31/2017
Perf: $2,542.96 Date: 9/30/2017
Perf: $2,348.07 Date: 8/31/2017
Perf: $2,527.53 Date: 7/31/2017
Perf: $2,460.60 Date: 6/30/2017
Perf: $2,393.11 Date: 5/31/2017
Perf: $2,552.93 Date: 4/30/2017
Perf: $2,583.67 Date: 3/31/2017
Perf: $2,563.42 Date: 2/28/2017
Perf: $2,686.46 Date: 1/31/2017
Perf: $2,672.83 Date: 12/31/2016
Perf: $2,721.82 Date: 11/30/2016
Perf: $2,763.27 Date: 10/31/2016
Perf: $2,605.14 Date: 9/30/2016
Perf: $2,666.20 Date: 8/31/2016
Perf: $2,707.90 Date: 7/31/2016
Perf: $2,765.70 Date: 6/30/2016
Perf: $2,687.50 Date: 5/31/2016
Perf: $2,562.69 Date: 4/30/2016
Perf: $2,705.54 Date: 3/31/2016
Perf: $2,794.98 Date: 2/29/2016
Perf: $2,959.22 Date: 1/31/2016
Perf: $2,839.40 Date: 12/31/2015
Perf: $2,724.17 Date: 11/30/2015
Perf: $2,700.13 Date: 10/31/2015
Perf: $2,599.53 Date: 9/30/2015
Perf: $2,783.82 Date: 8/31/2015
Perf: $2,726.03 Date: 7/31/2015
Perf: $2,592.27 Date: 6/30/2015
Perf: $2,463.43 Date: 5/31/2015
Perf: $2,579.51 Date: 4/30/2015
Perf: $2,606.09 Date: 3/31/2015
Perf: $2,757.19 Date: 2/28/2015
Perf: $2,735.30 Date: 1/31/2015
Perf: $2,680.88 Date: 12/31/2014
Perf: $2,588.47 Date: 11/30/2014
Perf: $2,476.30 Date: 10/31/2014
Perf: $2,312.13 Date: 9/30/2014
Perf: $2,243.92 Date: 8/31/2014
Perf: $2,063.75 Date: 7/31/2014
Perf: $1,980.19 Date: 6/30/2014
Perf: $1,900.19 Date: 5/31/2014
Perf: $1,950.92 Date: 4/30/2014
Perf: $1,898.15 Date: 3/31/2014
Perf: $1,867.34 Date: 2/28/2014
Perf: $1,900.21 Date: 1/31/2014
Perf: $1,888.88 Date: 12/31/2013
Perf: $1,851.84 Date: 11/30/2013
Perf: $1,879.47 Date: 10/31/2013
Perf: $1,882.48 Date: 9/30/2013
Perf: $1,822.70 Date: 8/31/2013
Perf: $1,861.60 Date: 7/31/2013
Perf: $1,875.48 Date: 6/30/2013
Perf: $1,958.52 Date: 5/31/2013
Perf: $1,987.14 Date: 4/30/2013
Perf: $2,018.22 Date: 3/31/2013
Perf: $1,957.16 Date: 2/28/2013
Perf: $1,969.56 Date: 1/31/2013
Perf: $2,054.41 Date: 12/31/2012
Perf: $2,020.27 Date: 11/30/2012
Perf: $2,037.38 Date: 10/31/2012
Perf: $2,077.48 Date: 9/30/2012
Perf: $2,175.37 Date: 8/31/2012
Perf: $2,286.97 Date: 7/31/2012
Perf: $2,360.38 Date: 6/30/2012
Perf: $2,286.30 Date: 5/31/2012
Perf: $2,468.21 Date: 4/30/2012
Perf: $2,309.98 Date: 3/31/2012
Perf: $2,315.07 Date: 2/29/2012
Perf: $2,395.56 Date: 1/31/2012
Perf: $2,432.78 Date: 12/31/2011
Perf: $2,509.84 Date: 11/30/2011
Perf: $2,512.35 Date: 10/31/2011
Perf: $2,425.28 Date: 9/30/2011
Perf: $2,594.99 Date: 8/31/2011
Perf: $2,610.92 Date: 7/31/2011
Perf: $2,598.96 Date: 6/30/2011
Perf: $2,462.07 Date: 5/31/2011
Perf: $2,565.46 Date: 4/30/2011
Perf: $2,698.50 Date: 3/31/2011
Perf: $2,589.73 Date: 2/28/2011
Perf: $2,656.95 Date: 1/31/2011
Perf: $2,562.64 Date: 12/31/2010
Perf: $2,538.78 Date: 11/30/2010
Perf: $2,312.19 Date: 10/31/2010
Perf: $2,417.09 Date: 9/30/2010
Perf: $2,241.78 Date: 8/31/2010
Perf: $2,181.36 Date: 7/31/2010
Perf: $2,096.65 Date: 6/30/2010
Perf: $2,201.44 Date: 5/31/2010
Perf: $2,195.73 Date: 4/30/2010
Perf: $2,397.61 Date: 3/31/2010
Perf: $2,347.38 Date: 2/28/2010
Perf: $2,237.94 Date: 1/31/2010
Perf: $2,241.30 Date: 12/31/2009
Perf: $2,336.64 Date: 11/30/2009
Perf: $2,395.08 Date: 10/31/2009
Perf: $2,225.49 Date: 9/30/2009
Perf: $2,327.68 Date: 8/31/2009
Perf: $2,284.05 Date: 7/31/2009
Perf: $2,203.84 Date: 6/30/2009
Perf: $2,231.28 Date: 5/31/2009
Perf: $2,289.20 Date: 4/30/2009
Perf: $2,322.41 Date: 3/31/2009
Perf: $2,392.51 Date: 2/28/2009
Perf: $2,485.21 Date: 1/31/2009
Perf: $2,465.97 Date: 12/31/2008
Perf: $2,449.80 Date: 11/30/2008
Perf: $2,340.50 Date: 10/31/2008
Perf: $2,201.79 Date: 9/30/2008
Perf: $1,873.86 Date: 8/31/2008
Perf: $1,753.90 Date: 7/31/2008
Perf: $1,828.88 Date: 6/30/2008
Perf: $2,055.38 Date: 5/31/2008
Perf: $1,936.67 Date: 4/30/2008
Perf: $1,887.59 Date: 3/31/2008
Perf: $1,967.06 Date: 2/29/2008
Perf: $2,018.53 Date: 1/31/2008
Perf: $1,681.13 Date: 12/31/2007
Perf: $1,532.90 Date: 11/30/2007
Perf: $1,447.90 Date: 10/31/2007
Perf: $1,482.90 Date: 9/30/2007
Perf: $1,352.76 Date: 8/31/2007
Perf: $1,253.60 Date: 7/31/2007
Perf: $1,381.84 Date: 6/30/2007
Perf: $1,482.34 Date: 5/31/2007
Perf: $1,422.59 Date: 4/30/2007
Perf: $1,355.11 Date: 3/31/2007
Perf: $1,290.21 Date: 2/28/2007
Perf: $1,322.07 Date: 1/31/2007
Perf: $1,361.70 Date: 12/31/2006
Perf: $1,336.96 Date: 11/30/2006
Perf: $1,309.98 Date: 10/31/2006
Perf: $1,299.58 Date: 9/30/2006
Perf: $1,245.89 Date: 8/31/2006
Perf: $1,284.29 Date: 7/31/2006
Perf: $1,271.82 Date: 6/30/2006
Perf: $1,347.41 Date: 5/31/2006
Perf: $1,399.91 Date: 4/30/2006
Perf: $1,426.58 Date: 3/31/2006
Perf: $1,301.27 Date: 2/28/2006
Perf: $1,219.22 Date: 1/31/2006
Perf: $1,271.08 Date: 12/31/2005
Perf: $1,196.31 Date: 11/30/2005
Perf: $1,187.52 Date: 10/31/2005
Perf: $1,076.92 Date: 9/30/2005
Perf: $1,111.37 Date: 8/31/2005
Perf: $1,094.84 Date: 7/31/2005
Perf: $1,051.22 Date: 6/30/2005
Perf: $1,080.72 Date: 5/31/2005
Perf: $1,046.50 Date: 4/30/2005
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 04/05 - 04/19
Date: 4/30/2019
Return: 2.87 % Date: 3/31/2019
Return: 2.22 % Date: 2/28/2019
Return: 1.95 % Date: 1/31/2019
Return: -6.62 % Date: 12/31/2018
Return: 3.56 % Date: 11/30/2018
Return: 0.01 % Date: 10/31/2018
Return: -2.93 % Date: 9/30/2018
Return: -5.46 % Date: 8/31/2018
Return: 7.20 % Date: 7/31/2018
Return: -3.73 % Date: 6/30/2018
Return: -4.55 % Date: 5/31/2018
Return: -3.49 % Date: 4/30/2018
Return: -1.93 % Date: 3/31/2018
Return: 6.25 % Date: 2/28/2018
Return: -8.31 % Date: 1/31/2018
Return: 3.16 % Date: 12/31/2017
Return: -0.90 % Date: 11/30/2017
Return: 2.72 % Date: 10/31/2017
Return: 8.30 % Date: 9/30/2017
Return: -7.10 % Date: 8/31/2017
Return: 2.72 % Date: 7/31/2017
Return: 2.82 % Date: 6/30/2017
Return: -6.26 % Date: 5/31/2017
Return: -1.19 % Date: 4/30/2017
Return: 0.79 % Date: 3/31/2017
Return: -4.58 % Date: 2/28/2017
Return: 0.51 % Date: 1/31/2017
Return: -1.80 % Date: 12/31/2016
Return: -1.50 % Date: 11/30/2016
Return: 6.07 % Date: 10/31/2016
Return: -2.29 % Date: 9/30/2016
Return: -1.54 % Date: 8/31/2016
Return: -2.09 % Date: 7/31/2016
Return: 2.91 % Date: 6/30/2016
Return: 4.87 % Date: 5/31/2016
Return: -5.28 % Date: 4/30/2016
Return: -3.20 % Date: 3/31/2016
Return: -5.55 % Date: 2/29/2016
Return: 4.22 % Date: 1/31/2016
Return: 4.23 % Date: 12/31/2015
Return: 0.89 % Date: 11/30/2015
Return: 3.87 % Date: 10/31/2015
Return: -6.62 % Date: 9/30/2015
Return: 2.12 % Date: 8/31/2015
Return: 5.16 % Date: 7/31/2015
Return: 5.23 % Date: 6/30/2015
Return: -4.50 % Date: 5/31/2015
Return: -1.02 % Date: 4/30/2015
Return: -5.48 % Date: 3/31/2015
Return: 0.80 % Date: 2/28/2015
Return: 2.03 % Date: 1/31/2015
Return: 3.57 % Date: 12/31/2014
Return: 4.53 % Date: 11/30/2014
Return: 7.10 % Date: 10/31/2014
Return: 3.04 % Date: 9/30/2014
Return: 8.73 % Date: 8/31/2014
Return: 4.22 % Date: 7/31/2014
Return: 4.21 % Date: 6/30/2014
Return: -2.60 % Date: 5/31/2014
Return: 2.78 % Date: 4/30/2014
Return: 1.65 % Date: 3/31/2014
Return: -1.73 % Date: 2/28/2014
Return: 0.60 % Date: 1/31/2014
Return: 2.00 % Date: 12/31/2013
Return: -1.47 % Date: 11/30/2013
Return: -0.16 % Date: 10/31/2013
Return: 3.28 % Date: 9/30/2013
Return: -2.09 % Date: 8/31/2013
Return: -0.74 % Date: 7/31/2013
Return: -4.24 % Date: 6/30/2013
Return: -1.44 % Date: 5/31/2013
Return: -1.54 % Date: 4/30/2013
Return: 3.12 % Date: 3/31/2013
Return: -0.63 % Date: 2/28/2013
Return: -4.13 % Date: 1/31/2013
Return: 1.69 % Date: 12/31/2012
Return: -0.84 % Date: 11/30/2012
Return: -1.93 % Date: 10/31/2012
Return: -4.50 % Date: 9/30/2012
Return: -4.88 % Date: 8/31/2012
Return: -3.11 % Date: 7/31/2012
Return: 3.24 % Date: 6/30/2012
Return: -7.37 % Date: 5/31/2012
Return: 6.85 % Date: 4/30/2012
Return: -0.22 % Date: 3/31/2012
Return: -3.36 % Date: 2/29/2012
Return: -1.53 % Date: 1/31/2012
Return: -3.07 % Date: 12/31/2011
Return: -0.10 % Date: 11/30/2011
Return: 3.59 % Date: 10/31/2011
Return: -6.54 % Date: 9/30/2011
Return: -0.61 % Date: 8/31/2011
Return: 0.46 % Date: 7/31/2011
Return: 5.56 % Date: 6/30/2011
Return: -4.03 % Date: 5/31/2011
Return: -4.93 % Date: 4/30/2011
Return: 4.20 % Date: 3/31/2011
Return: -2.53 % Date: 2/28/2011
Return: 3.68 % Date: 1/31/2011
Return: 0.94 % Date: 12/31/2010
Return: 9.80 % Date: 11/30/2010
Return: -4.34 % Date: 10/31/2010
Return: 7.82 % Date: 9/30/2010
Return: 2.77 % Date: 8/31/2010
Return: 4.04 % Date: 7/31/2010
Return: -4.76 % Date: 6/30/2010
Return: 0.26 % Date: 5/31/2010
Return: -8.42 % Date: 4/30/2010
Return: 2.14 % Date: 3/31/2010
Return: 4.89 % Date: 2/28/2010
Return: -0.15 % Date: 1/31/2010
Return: -4.08 % Date: 12/31/2009
Return: -2.44 % Date: 11/30/2009
Return: 7.62 % Date: 10/31/2009
Return: -4.39 % Date: 9/30/2009
Return: 1.91 % Date: 8/31/2009
Return: 3.64 % Date: 7/31/2009
Return: -1.23 % Date: 6/30/2009
Return: -2.53 % Date: 5/31/2009
Return: -1.43 % Date: 4/30/2009
Return: -2.93 % Date: 3/31/2009
Return: -3.73 % Date: 2/28/2009
Return: 0.78 % Date: 1/31/2009
Return: 0.66 % Date: 12/31/2008
Return: 4.67 % Date: 11/30/2008
Return: 6.30 % Date: 10/31/2008
Return: 17.50 % Date: 9/30/2008
Return: 6.84 % Date: 8/31/2008
Return: -4.10 % Date: 7/31/2008
Return: -11.02 % Date: 6/30/2008
Return: 6.13 % Date: 5/31/2008
Return: 2.60 % Date: 4/30/2008
Return: -4.04 % Date: 3/31/2008
Return: -2.55 % Date: 2/29/2008
Return: 20.07 % Date: 1/31/2008
Return: 9.67 % Date: 12/31/2007
Return: 5.87 % Date: 11/30/2007
Return: -2.36 % Date: 10/31/2007
Return: 9.62 % Date: 9/30/2007
Return: 7.91 % Date: 8/31/2007
Return: -9.28 % Date: 7/31/2007
Return: -6.78 % Date: 6/30/2007
Return: 4.20 % Date: 5/31/2007
Return: 4.98 % Date: 4/30/2007
Return: 5.03 % Date: 3/31/2007
Return: -2.41 % Date: 2/28/2007
Return: -2.91 % Date: 1/31/2007
Return: 1.85 % Date: 12/31/2006
Return: 2.06 % Date: 11/30/2006
Return: 0.80 % Date: 10/31/2006
Return: 4.31 % Date: 9/30/2006
Return: -2.99 % Date: 8/31/2006
Return: 0.98 % Date: 7/31/2006
Return: -5.61 % Date: 6/30/2006
Return: -3.75 % Date: 5/31/2006
Return: -1.87 % Date: 4/30/2006
Return: 9.63 % Date: 3/31/2006
Return: 6.73 % Date: 2/28/2006
Return: -4.08 % Date: 1/31/2006
Return: 6.25 % Date: 12/31/2005
Return: 0.74 % Date: 11/30/2005
Return: 10.27 % Date: 10/31/2005
Return: -3.10 % Date: 9/30/2005
Return: 1.51 % Date: 8/31/2005
Return: 4.15 % Date: 7/31/2005
Return: -2.73 % Date: 6/30/2005
Return: 3.27 % Date: 5/31/2005
Return: 4.65 % Date: 4/30/2005
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 04/05 - 04/19
Return: 9.00 %
Count: 1 Return: -5.00 %
Count: 9 Return: -8.00 %
Count: 2 Return: -1.00 %
Count: 11 Return: 17.00 %
Count: 1 Return: -11.00 %
Count: 1 Return: 20.00 %
Count: 1 Return: 8.00 %
Count: 4 Return: -9.00 %
Count: 1 Return: -7.00 %
Count: 6 Return: -6.00 %
Count: 3 Return: -2.00 %
Count: 15 Return: 7.00 %
Count: 5 Return: -4.00 %
Count: 13 Return: 6.00 %
Count: 7 Return: 1.00 %
Count: 11 Return: 10.00 %
Count: 5 Return: 2.00 %
Count: 12 Return: 4.00 %
Count: 15 Return: -3.00 %
Count: 15 Return: 3.00 %
Count: 14 Return: 5.00 %
Count: 9 Return: 0.00 %
Count: 8
Note: All performance data is since program inception.

Underwater Curve

Date Range: 04/05 - 04/19
Date: 4/30/2019
Drawdown: -22.01 % Date: 3/31/2019
Drawdown: -24.19 % Date: 2/28/2019
Drawdown: -25.83 % Date: 1/31/2019
Drawdown: -27.25 % Date: 12/31/2018
Drawdown: -22.10 % Date: 11/30/2018
Drawdown: -24.77 % Date: 10/31/2018
Drawdown: -24.78 % Date: 9/30/2018
Drawdown: -22.51 % Date: 8/31/2018
Drawdown: -18.04 % Date: 7/31/2018
Drawdown: -23.54 % Date: 6/30/2018
Drawdown: -20.58 % Date: 5/31/2018
Drawdown: -16.79 % Date: 4/30/2018
Drawdown: -13.78 % Date: 3/31/2018
Drawdown: -12.09 % Date: 2/28/2018
Drawdown: -17.26 % Date: 1/31/2018
Drawdown: -9.76 % Date: 12/31/2017
Drawdown: -12.52 % Date: 11/30/2017
Drawdown: -11.73 % Date: 10/31/2017
Drawdown: -14.07 % Date: 9/30/2017
Drawdown: -20.65 % Date: 8/31/2017
Drawdown: -14.59 % Date: 7/31/2017
Drawdown: -16.85 % Date: 6/30/2017
Drawdown: -19.13 % Date: 5/31/2017
Drawdown: -13.73 % Date: 4/30/2017
Drawdown: -12.69 % Date: 3/31/2017
Drawdown: -13.38 % Date: 2/28/2017
Drawdown: -9.22 % Date: 1/31/2017
Drawdown: -9.68 % Date: 12/31/2016
Drawdown: -8.02 % Date: 11/30/2016
Drawdown: -6.62 % Date: 10/31/2016
Drawdown: -11.97 % Date: 9/30/2016
Drawdown: -9.90 % Date: 8/31/2016
Drawdown: -8.49 % Date: 7/31/2016
Drawdown: -6.54 % Date: 6/30/2016
Drawdown: -9.18 % Date: 5/31/2016
Drawdown: -13.40 % Date: 4/30/2016
Drawdown: -8.57 % Date: 3/31/2016
Drawdown: -5.55 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: 0.00 % Date: 12/31/2015
Drawdown: -2.14 % Date: 11/30/2015
Drawdown: -3.01 % Date: 10/31/2015
Drawdown: -6.62 % Date: 9/30/2015
Drawdown: 0.00 % Date: 8/31/2015
Drawdown: -1.13 % Date: 7/31/2015
Drawdown: -5.98 % Date: 6/30/2015
Drawdown: -10.65 % Date: 5/31/2015
Drawdown: -6.44 % Date: 4/30/2015
Drawdown: -5.48 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: -0.65 % Date: 12/31/2014
Drawdown: -4.08 % Date: 11/30/2014
Drawdown: -8.23 % Date: 10/31/2014
Drawdown: -14.32 % Date: 9/30/2014
Drawdown: -16.85 % Date: 8/31/2014
Drawdown: -23.52 % Date: 7/31/2014
Drawdown: -26.62 % Date: 6/30/2014
Drawdown: -29.58 % Date: 5/31/2014
Drawdown: -27.70 % Date: 4/30/2014
Drawdown: -29.66 % Date: 3/31/2014
Drawdown: -30.80 % Date: 2/28/2014
Drawdown: -29.58 % Date: 1/31/2014
Drawdown: -30.00 % Date: 12/31/2013
Drawdown: -31.38 % Date: 11/30/2013
Drawdown: -30.35 % Date: 10/31/2013
Drawdown: -30.24 % Date: 9/30/2013
Drawdown: -32.46 % Date: 8/31/2013
Drawdown: -31.01 % Date: 7/31/2013
Drawdown: -30.50 % Date: 6/30/2013
Drawdown: -27.42 % Date: 5/31/2013
Drawdown: -26.36 % Date: 4/30/2013
Drawdown: -25.21 % Date: 3/31/2013
Drawdown: -27.47 % Date: 2/28/2013
Drawdown: -27.01 % Date: 1/31/2013
Drawdown: -23.87 % Date: 12/31/2012
Drawdown: -25.13 % Date: 11/30/2012
Drawdown: -24.50 % Date: 10/31/2012
Drawdown: -23.01 % Date: 9/30/2012
Drawdown: -19.39 % Date: 8/31/2012
Drawdown: -15.25 % Date: 7/31/2012
Drawdown: -12.53 % Date: 6/30/2012
Drawdown: -15.27 % Date: 5/31/2012
Drawdown: -8.53 % Date: 4/30/2012
Drawdown: -14.40 % Date: 3/31/2012
Drawdown: -14.21 % Date: 2/29/2012
Drawdown: -11.23 % Date: 1/31/2012
Drawdown: -9.85 % Date: 12/31/2011
Drawdown: -6.99 % Date: 11/30/2011
Drawdown: -6.90 % Date: 10/31/2011
Drawdown: -10.12 % Date: 9/30/2011
Drawdown: -3.84 % Date: 8/31/2011
Drawdown: -3.25 % Date: 7/31/2011
Drawdown: -3.69 % Date: 6/30/2011
Drawdown: -8.76 % Date: 5/31/2011
Drawdown: -4.93 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -2.53 % 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: -6.96 % Date: 10/31/2010
Drawdown: -2.74 % Date: 9/30/2010
Drawdown: -9.79 % Date: 8/31/2010
Drawdown: -12.23 % Date: 7/31/2010
Drawdown: -15.63 % Date: 6/30/2010
Drawdown: -11.42 % Date: 5/31/2010
Drawdown: -11.65 % Date: 4/30/2010
Drawdown: -3.52 % Date: 3/31/2010
Drawdown: -5.55 % Date: 2/28/2010
Drawdown: -9.95 % Date: 1/31/2010
Drawdown: -9.81 % Date: 12/31/2009
Drawdown: -5.98 % Date: 11/30/2009
Drawdown: -3.63 % Date: 10/31/2009
Drawdown: -10.45 % Date: 9/30/2009
Drawdown: -6.34 % Date: 8/31/2009
Drawdown: -8.09 % Date: 7/31/2009
Drawdown: -11.32 % Date: 6/30/2009
Drawdown: -10.22 % Date: 5/31/2009
Drawdown: -7.89 % Date: 4/30/2009
Drawdown: -6.55 % Date: 3/31/2009
Drawdown: -3.73 % Date: 2/28/2009
Drawdown: 0.00 % 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: -8.83 % Date: 8/31/2008
Drawdown: -14.67 % Date: 7/31/2008
Drawdown: -11.02 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -4.06 % Date: 4/30/2008
Drawdown: -6.49 % Date: 3/31/2008
Drawdown: -2.55 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: -2.36 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: -8.74 % Date: 8/31/2007
Drawdown: -15.43 % Date: 7/31/2007
Drawdown: -6.78 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: -0.28 % Date: 4/30/2007
Drawdown: -5.01 % Date: 3/31/2007
Drawdown: -9.56 % Date: 2/28/2007
Drawdown: -7.33 % Date: 1/31/2007
Drawdown: -4.55 % Date: 12/31/2006
Drawdown: -6.28 % Date: 11/30/2006
Drawdown: -8.17 % Date: 10/31/2006
Drawdown: -8.90 % Date: 9/30/2006
Drawdown: -12.67 % Date: 8/31/2006
Drawdown: -9.97 % Date: 7/31/2006
Drawdown: -10.85 % Date: 6/30/2006
Drawdown: -5.55 % Date: 5/31/2006
Drawdown: -1.87 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -4.08 % 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: -3.10 % Date: 9/30/2005
Drawdown: 0.00 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: -2.73 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Wimmer Horizon, LLP
Address: 4 Chiswell Street
City: London
State:
Zip: EC1Y 4UP
Country: UK

Key People

Name:  David Beach
Position:  Principal
Biography: 

David Beach is Chief Investment Officer and a director of Beach Capital Management Limited. He joined Sabre Fund Management Limited in 1989 where, in addition to assisting in taking decisions for the main Sabre Fund, he was allocated initial capital to begin actively managing money in his own programme. In May 1994, he joined GNI Fund Management Limited to further develop his trading programme and manage the assets of the GNI Technical Programme and fund. He remained in that position until he established BCM in 1998. David is a graduate of Kent University with a first class degree in mathematics.


Name:  Sanjeev Lakhanpal
Position:  Principal
Biography: 

Mr. Lakhanpal is a Partner of Beach Horizon. He was responsible, with Paul Netherwood and Alan Goulding, for designing the Horizon Model. Before joining BCM in 2000, Mr. Lakhanpal was a Trading Manager at CA Investment Advisers (1999-2000) with additional responsibilities for trading system research. Mr. Lakhanpal started his career at AHL (now Man Investments Limited) as a Data Engineer in 1992. He then joined the Trading Department and later became Trading Manager. Mr. Lakhanpal had a number of roles including responsibility for the execution of fund trades where assets under management were in excess of $5bio. Mr. Lakhanpal has a BSc(Hons) in Physics from King's College London and an MSc in Finance from Brunel University.


Name:  Alan Goulding
Position:  Principal
Biography: 

Mr. Goulding is one of the principals of Beach Horizon LLP and was jointly responsible for designing and building the Horizon Fund model and platform. Alan started his career in 1993 at AHL (now Man Investments Limited) where his responsibilities included developing for the automated trading system and risk management systems. Subsequently he worked for Credit Suisse First Boston (1996-1997) where he designed and implemented risk management and front office trading systems. After that Alan worked as a Principal Analyst Programmer for CWB System Services (1997-2001) a software house specializing in credit risk management. Alan has a first class Honours degree in Computer Science from Cardiff University.


Name:  Dr Paul Netherwood
Position:  Principal
Biography: 

Dr Netherwood is a partner in Beach Horizon LLP and was jointly responsible for designing and building the Horizon model and platform. He has over 12 years experience in designing and building trading systems and large-scale risk management systems in a number of investment banks. Paul started his career at AHL (now Man Investments Limited) in 1993 where he was involved in automated trading system development and research. He later became Head of Business Object Modelling at Nomura (1995-1996). Following that, he was Chief Architect at a risk management software house responsible for building Credit Risk Management systems for Deutsche Bank (1996-2001). He has a PhD in Pattern Recognition and a BSc (Hons) in Computer Science from Kingston University.


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
 Forwards Yes 
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Short Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $5,000,000 
 Margin / Equity Ratio: 15% 
 Managed Account Availability: Open