Auspice Capital Advisors, Ltd.

Auspice Diversified Program *QEP*


Monthly Performance (%)

Date Range: 01/06 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -4.14 -0.47 -0.65 3.50   -1.89 
2018 3.12 -5.81 -2.27 0.19 1.41 -1.48 1.89 3.57 -0.84 -4.75 3.66 1.64  -0.22 
2017 -3.66 -1.89 -1.35 -1.39 -0.53 -0.51 -1.61 2.76 -2.53 5.16 -0.27 0.67  -5.33 
2016 -0.22 3.12 -4.93 3.60 -1.92 0.56 2.44 -1.55 -1.06 -1.34 2.68 -0.13  0.91 
2015 4.68 -1.93 0.47 -0.98 -2.03 -1.84 -4.36 -2.14 0.26 -2.75 2.56 0.66  -7.47 
2014 -2.02 1.62 -1.84 3.25 -3.11 2.65 -0.43 3.92 8.56 -0.78 7.05 4.19  24.76 
2013 0.40 -2.23 0.28 0.99 -0.90 0.66 -1.54 -1.33 -4.07 2.01 0.04 -0.36  -6.03 
2012 2.41 -1.11 -1.19 0.60 1.71 -6.29 1.17 -0.70 -3.64 -1.80 -2.38 0.81  -10.24 
2011 1.39 2.97 -1.16 4.09 -1.31 -1.62 2.16 -1.09 -2.60 -3.82 1.07 -3.44  -3.66 
2010 -3.26 0.45 0.61 0.95 0.01 0.62 -1.02 1.07 1.82 6.98 -2.51 6.68  12.56 
2009 -0.61 1.08 -2.27 -3.32 -0.58 0.15 -3.23 0.75 1.44 -2.31 4.84 -3.83  -7.93 
2008 5.60 14.53 -1.73 -1.59 0.71 2.87 -5.61 -1.99 6.86 10.80 5.77 2.73  44.22 
2007 -1.43 -1.76 -2.42 -0.79 0.71 -1.32 -3.16 -3.07 5.87 4.53 -2.13 2.29  -3.11 
2006 0.00 -0.19 -1.07 0.75 -2.93 -4.12 2.73 0.73 -2.35 -0.24 -3.68  -10.10 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Standard program is a diversified commodity portfolio that employs systematic trading methods. The program strategy is medium-to-long term trend following and is the result of proprietary research conducted by the principals. The approach is entirely rule-driven, eliminating any discretion or emotion in the execution of entries, exits, and position sizing. Commodities are chosen for their historic ability to trend and for their lack of correlation to traditional markets. Currently, 32 commodities, representing seven sectors are traded (the seven sectors represented are: energies, equity indices, interest rates, currencies, metals, grains, and softs). The system does not attempt to predict market direction, but rather applies a proprietary definition of trend and then enters and exits positions based on a set of predefined rules. The payoff of the approach resembles the payoff on a long volatility position spread across a diversified basket of commodities. Actual trading results and historical simulations indicate low or negative correlation to S&P returns.

Performance Statistics

Date Range: 01/06 - 04/19
  Program S&P 500 Altegris 40 
Total Return 14.21% 212.31% 39.13% 
Annualized Return 1.01% 8.92% 2.51% 
Annualized Std. Deviation 10.85% 14.16% 8.88% 
Correlation -0.17 0.63 
Sharpe Ratio (rf=2.5%) -0.14 0.45 0.00 
Worst Month -6.29% -16.79% -6.10% 
Date of Worst Month 06/2012 10/2008 02/2018 
Worst Drawdown -26.05% -50.95% -15.74% 
Date of Worst Drawdown 4/11 - 5/14 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 01/06 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -1.89 18.24 5.17 
2018 -0.22 -4.38 -4.29 
2017 -5.33 21.84 1.24 
2016 0.91 11.98 -3.13 
2015 -7.47 1.41 0.09 
2014 24.76 13.69 15.75 
2013 -6.03 32.41 -2.45 
2012 -10.24 15.98 -4.75 
2011 -3.66 2.12 -3.23 
2010 12.56 15.06 11.33 
2009 -7.93 26.45 -7.98 
2008 44.22 -36.99 15.47 
2007 -3.11 5.50 7.18 
2006 -10.10 12.80 4.70 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 01/06 - 04/19
Date: 4/30/2019
Perf: $1,365.19 Date: 3/31/2019
Perf: $1,328.65 Date: 2/28/2019
Perf: $1,282.61 Date: 1/31/2019
Perf: $1,274.45 Date: 12/31/2018
Perf: $1,298.08 Date: 11/30/2018
Perf: $1,292.65 Date: 10/31/2018
Perf: $1,308.35 Date: 9/30/2018
Perf: $1,341.48 Date: 8/31/2018
Perf: $1,347.54 Date: 7/31/2018
Perf: $1,314.04 Date: 6/30/2018
Perf: $1,323.97 Date: 5/31/2018
Perf: $1,312.94 Date: 4/30/2018
Perf: $1,330.10 Date: 3/31/2018
Perf: $1,315.88 Date: 2/28/2018
Perf: $1,317.07 Date: 1/31/2018
Perf: $1,402.63 Date: 12/31/2017
Perf: $1,356.25 Date: 11/30/2017
Perf: $1,341.62 Date: 10/31/2017
Perf: $1,339.88 Date: 9/30/2017
Perf: $1,286.00 Date: 8/31/2017
Perf: $1,313.72 Date: 7/31/2017
Perf: $1,292.27 Date: 6/30/2017
Perf: $1,287.25 Date: 5/31/2017
Perf: $1,325.96 Date: 4/30/2017
Perf: $1,323.45 Date: 3/31/2017
Perf: $1,331.44 Date: 2/28/2017
Perf: $1,351.16 Date: 1/31/2017
Perf: $1,322.34 Date: 12/31/2016
Perf: $1,339.62 Date: 11/30/2016
Perf: $1,329.51 Date: 10/31/2016
Perf: $1,344.30 Date: 9/30/2016
Perf: $1,379.90 Date: 8/31/2016
Perf: $1,397.94 Date: 7/31/2016
Perf: $1,436.58 Date: 6/30/2016
Perf: $1,422.08 Date: 5/31/2016
Perf: $1,364.10 Date: 4/30/2016
Perf: $1,388.40 Date: 3/31/2016
Perf: $1,424.14 Date: 2/29/2016
Perf: $1,466.22 Date: 1/31/2016
Perf: $1,431.02 Date: 12/31/2015
Perf: $1,382.90 Date: 11/30/2015
Perf: $1,415.45 Date: 10/31/2015
Perf: $1,368.78 Date: 9/30/2015
Perf: $1,393.02 Date: 8/31/2015
Perf: $1,363.43 Date: 7/31/2015
Perf: $1,387.43 Date: 6/30/2015
Perf: $1,335.22 Date: 5/31/2015
Perf: $1,408.46 Date: 4/30/2015
Perf: $1,418.68 Date: 3/31/2015
Perf: $1,475.64 Date: 2/28/2015
Perf: $1,443.73 Date: 1/31/2015
Perf: $1,446.05 Date: 12/31/2014
Perf: $1,381.66 Date: 11/30/2014
Perf: $1,357.76 Date: 10/31/2014
Perf: $1,281.51 Date: 9/30/2014
Perf: $1,262.95 Date: 8/31/2014
Perf: $1,244.41 Date: 7/31/2014
Perf: $1,193.90 Date: 6/30/2014
Perf: $1,203.53 Date: 5/31/2014
Perf: $1,193.27 Date: 4/30/2014
Perf: $1,163.49 Date: 3/31/2014
Perf: $1,154.71 Date: 2/28/2014
Perf: $1,172.06 Date: 1/31/2014
Perf: $1,162.52 Date: 12/31/2013
Perf: $1,193.68 Date: 11/30/2013
Perf: $1,195.35 Date: 10/31/2013
Perf: $1,174.10 Date: 9/30/2013
Perf: $1,147.82 Date: 8/31/2013
Perf: $1,154.74 Date: 7/31/2013
Perf: $1,177.35 Date: 6/30/2013
Perf: $1,187.68 Date: 5/31/2013
Perf: $1,234.47 Date: 4/30/2013
Perf: $1,289.94 Date: 3/31/2013
Perf: $1,257.49 Date: 2/28/2013
Perf: $1,239.64 Date: 1/31/2013
Perf: $1,246.87 Date: 12/31/2012
Perf: $1,223.62 Date: 11/30/2012
Perf: $1,217.66 Date: 10/31/2012
Perf: $1,214.26 Date: 9/30/2012
Perf: $1,259.87 Date: 8/31/2012
Perf: $1,281.00 Date: 7/31/2012
Perf: $1,298.66 Date: 6/30/2012
Perf: $1,247.64 Date: 5/31/2012
Perf: $1,296.38 Date: 4/30/2012
Perf: $1,272.21 Date: 3/31/2012
Perf: $1,264.62 Date: 2/29/2012
Perf: $1,293.99 Date: 1/31/2012
Perf: $1,288.71 Date: 12/31/2011
Perf: $1,284.60 Date: 11/30/2011
Perf: $1,272.38 Date: 10/31/2011
Perf: $1,268.58 Date: 9/30/2011
Perf: $1,320.89 Date: 8/31/2011
Perf: $1,321.68 Date: 7/31/2011
Perf: $1,324.33 Date: 6/30/2011
Perf: $1,278.43 Date: 5/31/2011
Perf: $1,312.56 Date: 4/30/2011
Perf: $1,362.28 Date: 3/31/2011
Perf: $1,311.15 Date: 2/28/2011
Perf: $1,331.52 Date: 1/31/2011
Perf: $1,309.26 Date: 12/31/2010
Perf: $1,327.45 Date: 11/30/2010
Perf: $1,272.84 Date: 10/31/2010
Perf: $1,319.55 Date: 9/30/2010
Perf: $1,270.27 Date: 8/31/2010
Perf: $1,247.56 Date: 7/31/2010
Perf: $1,197.97 Date: 6/30/2010
Perf: $1,213.62 Date: 5/31/2010
Perf: $1,209.03 Date: 4/30/2010
Perf: $1,239.01 Date: 3/31/2010
Perf: $1,220.22 Date: 2/28/2010
Perf: $1,173.63 Date: 1/31/2010
Perf: $1,162.70 Date: 12/31/2009
Perf: $1,192.39 Date: 11/30/2009
Perf: $1,242.07 Date: 10/31/2009
Perf: $1,193.96 Date: 9/30/2009
Perf: $1,225.32 Date: 8/31/2009
Perf: $1,196.84 Date: 7/31/2009
Perf: $1,192.90 Date: 6/30/2009
Perf: $1,194.22 Date: 5/31/2009
Perf: $1,226.85 Date: 4/30/2009
Perf: $1,210.15 Date: 3/31/2009
Perf: $1,251.06 Date: 2/28/2009
Perf: $1,286.70 Date: 1/31/2009
Perf: $1,287.34 Date: 12/31/2008
Perf: $1,295.77 Date: 11/30/2008
Perf: $1,263.30 Date: 10/31/2008
Perf: $1,218.58 Date: 9/30/2008
Perf: $1,158.90 Date: 8/31/2008
Perf: $1,156.47 Date: 7/31/2008
Perf: $1,188.19 Date: 6/30/2008
Perf: $1,245.35 Date: 5/31/2008
Perf: $1,212.97 Date: 4/30/2008
Perf: $1,188.48 Date: 3/31/2008
Perf: $1,202.31 Date: 2/29/2008
Perf: $1,207.62 Date: 1/31/2008
Perf: $1,142.61 Date: 12/31/2007
Perf: $1,122.19 Date: 11/30/2007
Perf: $1,124.77 Date: 10/31/2007
Perf: $1,132.13 Date: 9/30/2007
Perf: $1,085.35 Date: 8/31/2007
Perf: $1,036.93 Date: 7/31/2007
Perf: $1,077.10 Date: 6/30/2007
Perf: $1,111.45 Date: 5/31/2007
Perf: $1,080.23 Date: 4/30/2007
Perf: $1,042.99 Date: 3/31/2007
Perf: $1,000.95 Date: 2/28/2007
Perf: $1,024.94 Date: 1/31/2007
Perf: $1,064.87 Date: 12/31/2006
Perf: $1,046.97 Date: 11/30/2006
Perf: $1,012.74 Date: 10/31/2006
Perf: $988.52 Date: 9/30/2006
Perf: $977.76 Date: 8/31/2006
Perf: $988.24 Date: 7/31/2006
Perf: $977.29 Date: 6/30/2006
Perf: $991.97 Date: 5/31/2006
Perf: $1,005.75 Date: 4/30/2006
Perf: $1,033.13 Date: 3/31/2006
Perf: $1,008.52 Date: 2/28/2006
Perf: $982.20 Date: 1/31/2006
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,042.52 Date: 3/31/2019
Perf: $2,924.10 Date: 2/28/2019
Perf: $2,868.45 Date: 1/31/2019
Perf: $2,779.24 Date: 12/31/2018
Perf: $2,573.13 Date: 11/30/2018
Perf: $2,828.55 Date: 10/31/2018
Perf: $2,772.00 Date: 9/30/2018
Perf: $2,975.52 Date: 8/31/2018
Perf: $2,958.66 Date: 7/31/2018
Perf: $2,865.25 Date: 6/30/2018
Perf: $2,762.49 Date: 5/31/2018
Perf: $2,745.46 Date: 4/30/2018
Perf: $2,680.86 Date: 3/31/2018
Perf: $2,670.71 Date: 2/28/2018
Perf: $2,740.31 Date: 1/31/2018
Perf: $2,845.30 Date: 12/31/2017
Perf: $2,691.10 Date: 11/30/2017
Perf: $2,661.56 Date: 10/31/2017
Perf: $2,582.28 Date: 9/30/2017
Perf: $2,523.49 Date: 8/31/2017
Perf: $2,472.55 Date: 7/31/2017
Perf: $2,464.91 Date: 6/30/2017
Perf: $2,415.16 Date: 5/31/2017
Perf: $2,400.28 Date: 4/30/2017
Perf: $2,366.90 Date: 3/31/2017
Perf: $2,342.77 Date: 2/28/2017
Perf: $2,339.96 Date: 1/31/2017
Perf: $2,250.62 Date: 12/31/2016
Perf: $2,208.65 Date: 11/30/2016
Perf: $2,165.77 Date: 10/31/2016
Perf: $2,088.49 Date: 9/30/2016
Perf: $2,127.21 Date: 8/31/2016
Perf: $2,126.78 Date: 7/31/2016
Perf: $2,123.81 Date: 6/30/2016
Perf: $2,048.23 Date: 5/31/2016
Perf: $2,042.92 Date: 4/30/2016
Perf: $2,006.80 Date: 3/31/2016
Perf: $1,999.00 Date: 2/29/2016
Perf: $1,872.07 Date: 1/31/2016
Perf: $1,874.51 Date: 12/31/2015
Perf: $1,972.34 Date: 11/30/2015
Perf: $2,004.00 Date: 10/31/2015
Perf: $1,998.01 Date: 9/30/2015
Perf: $1,842.50 Date: 8/31/2015
Perf: $1,889.16 Date: 7/31/2015
Perf: $2,010.39 Date: 6/30/2015
Perf: $1,969.04 Date: 5/31/2015
Perf: $2,008.00 Date: 4/30/2015
Perf: $1,982.42 Date: 3/31/2015
Perf: $1,963.57 Date: 2/28/2015
Perf: $1,995.09 Date: 1/31/2015
Perf: $1,886.61 Date: 12/31/2014
Perf: $1,944.96 Date: 11/30/2014
Perf: $1,949.84 Date: 10/31/2014
Perf: $1,898.76 Date: 9/30/2014
Perf: $1,853.53 Date: 8/31/2014
Perf: $1,879.85 Date: 7/31/2014
Perf: $1,807.55 Date: 6/30/2014
Perf: $1,832.84 Date: 5/31/2014
Perf: $1,795.67 Date: 4/30/2014
Perf: $1,754.44 Date: 3/31/2014
Perf: $1,741.56 Date: 2/28/2014
Perf: $1,727.05 Date: 1/31/2014
Perf: $1,651.57 Date: 12/31/2013
Perf: $1,710.76 Date: 11/30/2013
Perf: $1,668.55 Date: 10/31/2013
Perf: $1,619.17 Date: 9/30/2013
Perf: $1,547.96 Date: 8/31/2013
Perf: $1,500.83 Date: 7/31/2013
Perf: $1,545.66 Date: 6/30/2013
Perf: $1,470.79 Date: 5/31/2013
Perf: $1,490.77 Date: 4/30/2013
Perf: $1,456.68 Date: 3/31/2013
Perf: $1,429.10 Date: 2/28/2013
Perf: $1,377.45 Date: 1/31/2013
Perf: $1,358.97 Date: 12/31/2012
Perf: $1,292.04 Date: 11/30/2012
Perf: $1,280.39 Date: 10/31/2012
Perf: $1,273.00 Date: 9/30/2012
Perf: $1,297.00 Date: 8/31/2012
Perf: $1,264.38 Date: 7/31/2012
Perf: $1,236.55 Date: 6/30/2012
Perf: $1,219.60 Date: 5/31/2012
Perf: $1,171.34 Date: 4/30/2012
Perf: $1,246.24 Date: 3/31/2012
Perf: $1,254.14 Date: 2/29/2012
Perf: $1,214.20 Date: 1/31/2012
Perf: $1,163.91 Date: 12/31/2011
Perf: $1,114.01 Date: 11/30/2011
Perf: $1,102.76 Date: 10/31/2011
Perf: $1,105.19 Date: 9/30/2011
Perf: $996.30 Date: 8/31/2011
Perf: $1,071.63 Date: 7/31/2011
Perf: $1,133.16 Date: 6/30/2011
Perf: $1,156.64 Date: 5/31/2011
Perf: $1,176.29 Date: 4/30/2011
Perf: $1,189.73 Date: 3/31/2011
Perf: $1,155.53 Date: 2/28/2011
Perf: $1,155.06 Date: 1/31/2011
Perf: $1,116.76 Date: 12/31/2010
Perf: $1,090.90 Date: 11/30/2010
Perf: $1,022.60 Date: 10/31/2010
Perf: $1,022.49 Date: 9/30/2010
Perf: $984.97 Date: 8/31/2010
Perf: $904.30 Date: 7/31/2010
Perf: $947.01 Date: 6/30/2010
Perf: $884.98 Date: 5/31/2010
Perf: $933.81 Date: 4/30/2010
Perf: $1,014.91 Date: 3/31/2010
Perf: $999.12 Date: 2/28/2010
Perf: $942.30 Date: 1/31/2010
Perf: $913.97 Date: 12/31/2009
Perf: $948.10 Date: 11/30/2009
Perf: $930.15 Date: 10/31/2009
Perf: $877.50 Date: 9/30/2009
Perf: $894.13 Date: 8/31/2009
Perf: $861.97 Date: 7/31/2009
Perf: $831.94 Date: 6/30/2009
Perf: $773.47 Date: 5/31/2009
Perf: $771.92 Date: 4/30/2009
Perf: $731.06 Date: 3/31/2009
Perf: $667.21 Date: 2/28/2009
Perf: $613.47 Date: 1/31/2009
Perf: $686.59 Date: 12/31/2008
Perf: $749.80 Date: 11/30/2008
Perf: $741.93 Date: 10/31/2008
Perf: $799.32 Date: 9/30/2008
Perf: $960.61 Date: 8/31/2008
Perf: $1,054.57 Date: 7/31/2008
Perf: $1,039.50 Date: 6/30/2008
Perf: $1,048.30 Date: 5/31/2008
Perf: $1,144.81 Date: 4/30/2008
Perf: $1,130.12 Date: 3/31/2008
Perf: $1,077.64 Date: 2/29/2008
Perf: $1,082.29 Date: 1/31/2008
Perf: $1,118.65 Date: 12/31/2007
Perf: $1,190.05 Date: 11/30/2007
Perf: $1,198.32 Date: 10/31/2007
Perf: $1,250.60 Date: 9/30/2007
Perf: $1,231.02 Date: 8/31/2007
Perf: $1,186.64 Date: 7/31/2007
Perf: $1,169.11 Date: 6/30/2007
Perf: $1,206.51 Date: 5/31/2007
Perf: $1,226.87 Date: 4/30/2007
Perf: $1,185.50 Date: 3/31/2007
Perf: $1,135.21 Date: 2/28/2007
Perf: $1,122.64 Date: 1/31/2007
Perf: $1,145.08 Date: 12/31/2006
Perf: $1,128.05 Date: 11/30/2006
Perf: $1,112.47 Date: 10/31/2006
Perf: $1,091.73 Date: 9/30/2006
Perf: $1,057.26 Date: 8/31/2006
Perf: $1,030.67 Date: 7/31/2006
Perf: $1,006.71 Date: 6/30/2006
Perf: $1,000.51 Date: 5/31/2006
Perf: $999.11 Date: 4/30/2006
Perf: $1,028.74 Date: 3/31/2006
Perf: $1,015.13 Date: 2/28/2006
Perf: $1,002.70 Date: 1/31/2006
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,142.12 Date: 3/31/2019
Perf: $1,103.50 Date: 2/28/2019
Perf: $1,110.72 Date: 1/31/2019
Perf: $1,115.96 Date: 12/31/2018
Perf: $1,164.16 Date: 11/30/2018
Perf: $1,145.38 Date: 10/31/2018
Perf: $1,104.94 Date: 9/30/2018
Perf: $1,160.04 Date: 8/31/2018
Perf: $1,169.86 Date: 7/31/2018
Perf: $1,129.54 Date: 6/30/2018
Perf: $1,108.59 Date: 5/31/2018
Perf: $1,125.24 Date: 4/30/2018
Perf: $1,109.60 Date: 3/31/2018
Perf: $1,107.49 Date: 2/28/2018
Perf: $1,133.22 Date: 1/31/2018
Perf: $1,203.12 Date: 12/31/2017
Perf: $1,166.71 Date: 11/30/2017
Perf: $1,158.95 Date: 10/31/2017
Perf: $1,162.09 Date: 9/30/2017
Perf: $1,105.07 Date: 8/31/2017
Perf: $1,133.75 Date: 7/31/2017
Perf: $1,103.30 Date: 6/30/2017
Perf: $1,121.35 Date: 5/31/2017
Perf: $1,127.10 Date: 4/30/2017
Perf: $1,133.11 Date: 3/31/2017
Perf: $1,149.08 Date: 2/28/2017
Perf: $1,164.80 Date: 1/31/2017
Perf: $1,187.24 Date: 12/31/2016
Perf: $1,232.35 Date: 11/30/2016
Perf: $1,233.95 Date: 10/31/2016
Perf: $1,201.74 Date: 9/30/2016
Perf: $1,218.07 Date: 8/31/2016
Perf: $1,231.12 Date: 7/31/2016
Perf: $1,250.50 Date: 6/30/2016
Perf: $1,220.71 Date: 5/31/2016
Perf: $1,213.91 Date: 4/30/2016
Perf: $1,237.68 Date: 3/31/2016
Perf: $1,194.67 Date: 2/29/2016
Perf: $1,256.62 Date: 1/31/2016
Perf: $1,218.60 Date: 12/31/2015
Perf: $1,221.29 Date: 11/30/2015
Perf: $1,213.28 Date: 10/31/2015
Perf: $1,183.00 Date: 9/30/2015
Perf: $1,216.45 Date: 8/31/2015
Perf: $1,213.29 Date: 7/31/2015
Perf: $1,239.83 Date: 6/30/2015
Perf: $1,296.35 Date: 5/31/2015
Perf: $1,320.65 Date: 4/30/2015
Perf: $1,348.01 Date: 3/31/2015
Perf: $1,361.35 Date: 2/28/2015
Perf: $1,354.98 Date: 1/31/2015
Perf: $1,381.65 Date: 12/31/2014
Perf: $1,319.88 Date: 11/30/2014
Perf: $1,266.80 Date: 10/31/2014
Perf: $1,183.37 Date: 9/30/2014
Perf: $1,192.68 Date: 8/31/2014
Perf: $1,098.63 Date: 7/31/2014
Perf: $1,057.19 Date: 6/30/2014
Perf: $1,061.76 Date: 5/31/2014
Perf: $1,034.35 Date: 4/30/2014
Perf: $1,067.55 Date: 3/31/2014
Perf: $1,033.94 Date: 2/28/2014
Perf: $1,053.32 Date: 1/31/2014
Perf: $1,036.53 Date: 12/31/2013
Perf: $1,057.90 Date: 11/30/2013
Perf: $1,061.72 Date: 10/31/2013
Perf: $1,061.30 Date: 9/30/2013
Perf: $1,040.39 Date: 8/31/2013
Perf: $1,084.53 Date: 7/31/2013
Perf: $1,099.15 Date: 6/30/2013
Perf: $1,116.34 Date: 5/31/2013
Perf: $1,109.02 Date: 4/30/2013
Perf: $1,119.09 Date: 3/31/2013
Perf: $1,108.12 Date: 2/28/2013
Perf: $1,105.03 Date: 1/31/2013
Perf: $1,130.23 Date: 12/31/2012
Perf: $1,125.73 Date: 11/30/2012
Perf: $1,116.68 Date: 10/31/2012
Perf: $1,143.91 Date: 9/30/2012
Perf: $1,164.88 Date: 8/31/2012
Perf: $1,208.88 Date: 7/31/2012
Perf: $1,217.40 Date: 6/30/2012
Perf: $1,203.32 Date: 5/31/2012
Perf: $1,284.09 Date: 4/30/2012
Perf: $1,262.50 Date: 3/31/2012
Perf: $1,254.97 Date: 2/29/2012
Perf: $1,270.09 Date: 1/31/2012
Perf: $1,284.34 Date: 12/31/2011
Perf: $1,254.12 Date: 11/30/2011
Perf: $1,298.80 Date: 10/31/2011
Perf: $1,285.05 Date: 9/30/2011
Perf: $1,336.09 Date: 8/31/2011
Perf: $1,371.75 Date: 7/31/2011
Perf: $1,386.87 Date: 6/30/2011
Perf: $1,357.54 Date: 5/31/2011
Perf: $1,379.90 Date: 4/30/2011
Perf: $1,398.22 Date: 3/31/2011
Perf: $1,343.28 Date: 2/28/2011
Perf: $1,359.04 Date: 1/31/2011
Perf: $1,319.84 Date: 12/31/2010
Perf: $1,301.75 Date: 11/30/2010
Perf: $1,220.24 Date: 10/31/2010
Perf: $1,251.65 Date: 9/30/2010
Perf: $1,169.99 Date: 8/31/2010
Perf: $1,149.07 Date: 7/31/2010
Perf: $1,136.91 Date: 6/30/2010
Perf: $1,148.62 Date: 5/31/2010
Perf: $1,141.55 Date: 4/30/2010
Perf: $1,141.43 Date: 3/31/2010
Perf: $1,130.69 Date: 2/28/2010
Perf: $1,123.84 Date: 1/31/2010
Perf: $1,118.80 Date: 12/31/2009
Perf: $1,156.50 Date: 11/30/2009
Perf: $1,202.56 Date: 10/31/2009
Perf: $1,147.04 Date: 9/30/2009
Perf: $1,174.17 Date: 8/31/2009
Perf: $1,157.50 Date: 7/31/2009
Perf: $1,148.88 Date: 6/30/2009
Perf: $1,187.23 Date: 5/31/2009
Perf: $1,185.45 Date: 4/30/2009
Perf: $1,192.37 Date: 3/31/2009
Perf: $1,233.31 Date: 2/28/2009
Perf: $1,261.96 Date: 1/31/2009
Perf: $1,248.48 Date: 12/31/2008
Perf: $1,256.14 Date: 11/30/2008
Perf: $1,222.76 Date: 10/31/2008
Perf: $1,156.05 Date: 9/30/2008
Perf: $1,043.37 Date: 8/31/2008
Perf: $976.39 Date: 7/31/2008
Perf: $996.21 Date: 6/30/2008
Perf: $1,055.42 Date: 5/31/2008
Perf: $1,025.98 Date: 4/30/2008
Perf: $1,018.75 Date: 3/31/2008
Perf: $1,035.20 Date: 2/29/2008
Perf: $1,053.43 Date: 1/31/2008
Perf: $919.78 Date: 12/31/2007
Perf: $871.01 Date: 11/30/2007
Perf: $851.51 Date: 10/31/2007
Perf: $870.04 Date: 9/30/2007
Perf: $832.34 Date: 8/31/2007
Perf: $786.19 Date: 7/31/2007
Perf: $811.09 Date: 6/30/2007
Perf: $837.55 Date: 5/31/2007
Perf: $848.76 Date: 4/30/2007
Perf: $842.77 Date: 3/31/2007
Perf: $849.48 Date: 2/28/2007
Perf: $870.55 Date: 1/31/2007
Perf: $886.15 Date: 12/31/2006
Perf: $899.00 Date: 11/30/2006
Perf: $933.35 Date: 10/31/2006
Perf: $935.60 Date: 9/30/2006
Perf: $958.11 Date: 8/31/2006
Perf: $951.17 Date: 7/31/2006
Perf: $925.89 Date: 6/30/2006
Perf: $965.68 Date: 5/31/2006
Perf: $994.83 Date: 4/30/2006
Perf: $987.42 Date: 3/31/2006
Perf: $998.10 Date: 2/28/2006
Perf: $1,000.00 Date: 1/31/2006
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 01/06 - 04/19
Date: 4/30/2019
Return: 3.50 % Date: 3/31/2019
Return: -0.65 % Date: 2/28/2019
Return: -0.47 % Date: 1/31/2019
Return: -4.14 % Date: 12/31/2018
Return: 1.64 % Date: 11/30/2018
Return: 3.66 % Date: 10/31/2018
Return: -4.75 % Date: 9/30/2018
Return: -0.84 % Date: 8/31/2018
Return: 3.57 % Date: 7/31/2018
Return: 1.89 % Date: 6/30/2018
Return: -1.48 % Date: 5/31/2018
Return: 1.41 % Date: 4/30/2018
Return: 0.19 % Date: 3/31/2018
Return: -2.27 % Date: 2/28/2018
Return: -5.81 % Date: 1/31/2018
Return: 3.12 % Date: 12/31/2017
Return: 0.67 % Date: 11/30/2017
Return: -0.27 % Date: 10/31/2017
Return: 5.16 % Date: 9/30/2017
Return: -2.53 % Date: 8/31/2017
Return: 2.76 % Date: 7/31/2017
Return: -1.61 % Date: 6/30/2017
Return: -0.51 % Date: 5/31/2017
Return: -0.53 % Date: 4/30/2017
Return: -1.39 % Date: 3/31/2017
Return: -1.35 % Date: 2/28/2017
Return: -1.89 % Date: 1/31/2017
Return: -3.66 % Date: 12/31/2016
Return: -0.13 % Date: 11/30/2016
Return: 2.68 % Date: 10/31/2016
Return: -1.34 % Date: 9/30/2016
Return: -1.06 % Date: 8/31/2016
Return: -1.55 % Date: 7/31/2016
Return: 2.44 % Date: 6/30/2016
Return: 0.56 % Date: 5/31/2016
Return: -1.92 % Date: 4/30/2016
Return: 3.60 % Date: 3/31/2016
Return: -4.93 % Date: 2/29/2016
Return: 3.12 % Date: 1/31/2016
Return: -0.22 % Date: 12/31/2015
Return: 0.66 % Date: 11/30/2015
Return: 2.56 % Date: 10/31/2015
Return: -2.75 % Date: 9/30/2015
Return: 0.26 % Date: 8/31/2015
Return: -2.14 % Date: 7/31/2015
Return: -4.36 % Date: 6/30/2015
Return: -1.84 % Date: 5/31/2015
Return: -2.03 % Date: 4/30/2015
Return: -0.98 % Date: 3/31/2015
Return: 0.47 % Date: 2/28/2015
Return: -1.93 % Date: 1/31/2015
Return: 4.68 % Date: 12/31/2014
Return: 4.19 % Date: 11/30/2014
Return: 7.05 % Date: 10/31/2014
Return: -0.78 % Date: 9/30/2014
Return: 8.56 % Date: 8/31/2014
Return: 3.92 % Date: 7/31/2014
Return: -0.43 % Date: 6/30/2014
Return: 2.65 % Date: 5/31/2014
Return: -3.11 % Date: 4/30/2014
Return: 3.25 % Date: 3/31/2014
Return: -1.84 % Date: 2/28/2014
Return: 1.62 % Date: 1/31/2014
Return: -2.02 % Date: 12/31/2013
Return: -0.36 % Date: 11/30/2013
Return: 0.04 % Date: 10/31/2013
Return: 2.01 % Date: 9/30/2013
Return: -4.07 % Date: 8/31/2013
Return: -1.33 % Date: 7/31/2013
Return: -1.54 % Date: 6/30/2013
Return: 0.66 % Date: 5/31/2013
Return: -0.90 % Date: 4/30/2013
Return: 0.99 % Date: 3/31/2013
Return: 0.28 % Date: 2/28/2013
Return: -2.23 % Date: 1/31/2013
Return: 0.40 % Date: 12/31/2012
Return: 0.81 % Date: 11/30/2012
Return: -2.38 % Date: 10/31/2012
Return: -1.80 % Date: 9/30/2012
Return: -3.64 % Date: 8/31/2012
Return: -0.70 % Date: 7/31/2012
Return: 1.17 % Date: 6/30/2012
Return: -6.29 % Date: 5/31/2012
Return: 1.71 % Date: 4/30/2012
Return: 0.60 % Date: 3/31/2012
Return: -1.19 % Date: 2/29/2012
Return: -1.11 % Date: 1/31/2012
Return: 2.41 % Date: 12/31/2011
Return: -3.44 % Date: 11/30/2011
Return: 1.07 % Date: 10/31/2011
Return: -3.82 % Date: 9/30/2011
Return: -2.60 % Date: 8/31/2011
Return: -1.09 % Date: 7/31/2011
Return: 2.16 % Date: 6/30/2011
Return: -1.62 % Date: 5/31/2011
Return: -1.31 % Date: 4/30/2011
Return: 4.09 % Date: 3/31/2011
Return: -1.16 % Date: 2/28/2011
Return: 2.97 % Date: 1/31/2011
Return: 1.39 % Date: 12/31/2010
Return: 6.68 % Date: 11/30/2010
Return: -2.51 % Date: 10/31/2010
Return: 6.98 % Date: 9/30/2010
Return: 1.82 % Date: 8/31/2010
Return: 1.07 % Date: 7/31/2010
Return: -1.02 % Date: 6/30/2010
Return: 0.62 % Date: 5/31/2010
Return: 0.01 % Date: 4/30/2010
Return: 0.95 % Date: 3/31/2010
Return: 0.61 % Date: 2/28/2010
Return: 0.45 % Date: 1/31/2010
Return: -3.26 % Date: 12/31/2009
Return: -3.83 % Date: 11/30/2009
Return: 4.84 % Date: 10/31/2009
Return: -2.31 % Date: 9/30/2009
Return: 1.44 % Date: 8/31/2009
Return: 0.75 % Date: 7/31/2009
Return: -3.23 % Date: 6/30/2009
Return: 0.15 % Date: 5/31/2009
Return: -0.58 % Date: 4/30/2009
Return: -3.32 % Date: 3/31/2009
Return: -2.27 % Date: 2/28/2009
Return: 1.08 % Date: 1/31/2009
Return: -0.61 % Date: 12/31/2008
Return: 2.73 % Date: 11/30/2008
Return: 5.77 % Date: 10/31/2008
Return: 10.80 % Date: 9/30/2008
Return: 6.86 % Date: 8/31/2008
Return: -1.99 % Date: 7/31/2008
Return: -5.61 % Date: 6/30/2008
Return: 2.87 % Date: 5/31/2008
Return: 0.71 % Date: 4/30/2008
Return: -1.59 % Date: 3/31/2008
Return: -1.73 % Date: 2/29/2008
Return: 14.53 % Date: 1/31/2008
Return: 5.60 % Date: 12/31/2007
Return: 2.29 % Date: 11/30/2007
Return: -2.13 % Date: 10/31/2007
Return: 4.53 % Date: 9/30/2007
Return: 5.87 % Date: 8/31/2007
Return: -3.07 % Date: 7/31/2007
Return: -3.16 % Date: 6/30/2007
Return: -1.32 % Date: 5/31/2007
Return: 0.71 % Date: 4/30/2007
Return: -0.79 % Date: 3/31/2007
Return: -2.42 % Date: 2/28/2007
Return: -1.76 % Date: 1/31/2007
Return: -1.43 % Date: 12/31/2006
Return: -3.68 % Date: 11/30/2006
Return: -0.24 % Date: 10/31/2006
Return: -2.35 % Date: 9/30/2006
Return: 0.73 % Date: 8/31/2006
Return: 2.73 % Date: 7/31/2006
Return: -4.12 % Date: 6/30/2006
Return: -2.93 % Date: 5/31/2006
Return: 0.75 % Date: 4/30/2006
Return: -1.07 % Date: 3/31/2006
Return: -0.19 % Date: 2/28/2006
Return: 0.00 % Date: 1/31/2006
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 01/06 - 04/19
Return: -5.00 %
Count: 2 Return: 9.00 %
Count: 1 Return: 4.00 %
Count: 7 Return: 11.00 %
Count: 1 Return: 7.00 %
Count: 4 Return: -6.00 %
Count: 3 Return: 15.00 %
Count: 1 Return: 2.00 %
Count: 10 Return: 5.00 %
Count: 4 Return: 6.00 %
Count: 3 Return: -2.00 %
Count: 25 Return: 3.00 %
Count: 11 Return: -4.00 %
Count: 9 Return: -3.00 %
Count: 12 Return: 1.00 %
Count: 22 Return: -1.00 %
Count: 26 Return: 0.00 %
Count: 19
Note: All performance data is since program inception.

Underwater Curve

Date Range: 01/06 - 04/19
Date: 4/30/2019
Drawdown: -18.32 % Date: 3/31/2019
Drawdown: -21.08 % Date: 2/28/2019
Drawdown: -20.56 % Date: 1/31/2019
Drawdown: -20.19 % Date: 12/31/2018
Drawdown: -16.74 % Date: 11/30/2018
Drawdown: -18.08 % Date: 10/31/2018
Drawdown: -20.98 % Date: 9/30/2018
Drawdown: -17.03 % Date: 8/31/2018
Drawdown: -16.33 % Date: 7/31/2018
Drawdown: -19.22 % Date: 6/30/2018
Drawdown: -20.71 % Date: 5/31/2018
Drawdown: -19.52 % Date: 4/30/2018
Drawdown: -20.64 % Date: 3/31/2018
Drawdown: -20.79 % Date: 2/28/2018
Drawdown: -18.95 % Date: 1/31/2018
Drawdown: -13.95 % Date: 12/31/2017
Drawdown: -16.56 % Date: 11/30/2017
Drawdown: -17.11 % Date: 10/31/2017
Drawdown: -16.89 % Date: 9/30/2017
Drawdown: -20.97 % Date: 8/31/2017
Drawdown: -18.91 % Date: 7/31/2017
Drawdown: -21.09 % Date: 6/30/2017
Drawdown: -19.80 % Date: 5/31/2017
Drawdown: -19.39 % Date: 4/30/2017
Drawdown: -18.96 % Date: 3/31/2017
Drawdown: -17.82 % Date: 2/28/2017
Drawdown: -16.69 % Date: 1/31/2017
Drawdown: -15.09 % Date: 12/31/2016
Drawdown: -11.86 % Date: 11/30/2016
Drawdown: -11.75 % Date: 10/31/2016
Drawdown: -14.05 % Date: 9/30/2016
Drawdown: -12.88 % Date: 8/31/2016
Drawdown: -11.95 % Date: 7/31/2016
Drawdown: -10.56 % Date: 6/30/2016
Drawdown: -12.69 % Date: 5/31/2016
Drawdown: -13.18 % Date: 4/30/2016
Drawdown: -11.48 % Date: 3/31/2016
Drawdown: -14.56 % Date: 2/29/2016
Drawdown: -10.13 % Date: 1/31/2016
Drawdown: -12.85 % Date: 12/31/2015
Drawdown: -12.65 % Date: 11/30/2015
Drawdown: -13.23 % Date: 10/31/2015
Drawdown: -15.39 % Date: 9/30/2015
Drawdown: -13.00 % Date: 8/31/2015
Drawdown: -13.23 % Date: 7/31/2015
Drawdown: -11.33 % Date: 6/30/2015
Drawdown: -7.29 % Date: 5/31/2015
Drawdown: -5.55 % Date: 4/30/2015
Drawdown: -3.59 % Date: 3/31/2015
Drawdown: -2.64 % Date: 2/28/2015
Drawdown: -3.09 % Date: 1/31/2015
Drawdown: -1.18 % Date: 12/31/2014
Drawdown: -5.60 % Date: 11/30/2014
Drawdown: -9.40 % Date: 10/31/2014
Drawdown: -15.37 % Date: 9/30/2014
Drawdown: -14.70 % Date: 8/31/2014
Drawdown: -21.43 % Date: 7/31/2014
Drawdown: -24.39 % Date: 6/30/2014
Drawdown: -24.06 % Date: 5/31/2014
Drawdown: -26.02 % Date: 4/30/2014
Drawdown: -23.65 % Date: 3/31/2014
Drawdown: -26.05 % Date: 2/28/2014
Drawdown: -24.67 % Date: 1/31/2014
Drawdown: -25.87 % Date: 12/31/2013
Drawdown: -24.34 % Date: 11/30/2013
Drawdown: -24.07 % Date: 10/31/2013
Drawdown: -24.10 % Date: 9/30/2013
Drawdown: -25.59 % Date: 8/31/2013
Drawdown: -22.43 % Date: 7/31/2013
Drawdown: -21.39 % Date: 6/30/2013
Drawdown: -20.16 % Date: 5/31/2013
Drawdown: -20.68 % Date: 4/30/2013
Drawdown: -19.96 % Date: 3/31/2013
Drawdown: -20.75 % Date: 2/28/2013
Drawdown: -20.97 % Date: 1/31/2013
Drawdown: -19.17 % Date: 12/31/2012
Drawdown: -19.49 % Date: 11/30/2012
Drawdown: -20.14 % Date: 10/31/2012
Drawdown: -18.19 % Date: 9/30/2012
Drawdown: -16.69 % Date: 8/31/2012
Drawdown: -13.54 % Date: 7/31/2012
Drawdown: -12.93 % Date: 6/30/2012
Drawdown: -13.94 % Date: 5/31/2012
Drawdown: -8.16 % Date: 4/30/2012
Drawdown: -9.71 % Date: 3/31/2012
Drawdown: -10.24 % Date: 2/29/2012
Drawdown: -9.16 % Date: 1/31/2012
Drawdown: -8.14 % Date: 12/31/2011
Drawdown: -10.31 % Date: 11/30/2011
Drawdown: -7.11 % Date: 10/31/2011
Drawdown: -8.09 % Date: 9/30/2011
Drawdown: -4.44 % Date: 8/31/2011
Drawdown: -1.89 % Date: 7/31/2011
Drawdown: -0.81 % Date: 6/30/2011
Drawdown: -2.91 % Date: 5/31/2011
Drawdown: -1.31 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -1.16 % 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: -3.31 % Date: 10/31/2010
Drawdown: -0.82 % Date: 9/30/2010
Drawdown: -7.29 % Date: 8/31/2010
Drawdown: -8.95 % Date: 7/31/2010
Drawdown: -9.91 % Date: 6/30/2010
Drawdown: -8.98 % Date: 5/31/2010
Drawdown: -9.54 % Date: 4/30/2010
Drawdown: -9.55 % Date: 3/31/2010
Drawdown: -10.40 % Date: 2/28/2010
Drawdown: -10.95 % Date: 1/31/2010
Drawdown: -11.34 % Date: 12/31/2009
Drawdown: -8.36 % Date: 11/30/2009
Drawdown: -4.71 % Date: 10/31/2009
Drawdown: -9.11 % Date: 9/30/2009
Drawdown: -6.96 % Date: 8/31/2009
Drawdown: -8.28 % Date: 7/31/2009
Drawdown: -8.96 % Date: 6/30/2009
Drawdown: -5.92 % Date: 5/31/2009
Drawdown: -6.06 % Date: 4/30/2009
Drawdown: -5.51 % Date: 3/31/2009
Drawdown: -2.27 % Date: 2/28/2009
Drawdown: 0.00 % Date: 1/31/2009
Drawdown: -0.61 % 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: -1.14 % Date: 8/31/2008
Drawdown: -7.49 % Date: 7/31/2008
Drawdown: -5.61 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -2.61 % Date: 4/30/2008
Drawdown: -3.29 % Date: 3/31/2008
Drawdown: -1.73 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -8.02 % Date: 12/31/2007
Drawdown: -12.90 % Date: 11/30/2007
Drawdown: -14.85 % Date: 10/31/2007
Drawdown: -13.00 % Date: 9/30/2007
Drawdown: -16.77 % Date: 8/31/2007
Drawdown: -21.38 % Date: 7/31/2007
Drawdown: -18.89 % Date: 6/30/2007
Drawdown: -16.24 % Date: 5/31/2007
Drawdown: -15.12 % Date: 4/30/2007
Drawdown: -15.72 % Date: 3/31/2007
Drawdown: -15.05 % Date: 2/28/2007
Drawdown: -12.94 % Date: 1/31/2007
Drawdown: -11.39 % Date: 12/31/2006
Drawdown: -10.10 % Date: 11/30/2006
Drawdown: -6.66 % Date: 10/31/2006
Drawdown: -6.44 % Date: 9/30/2006
Drawdown: -4.19 % Date: 8/31/2006
Drawdown: -4.88 % Date: 7/31/2006
Drawdown: -7.41 % Date: 6/30/2006
Drawdown: -3.43 % Date: 5/31/2006
Drawdown: -0.52 % Date: 4/30/2006
Drawdown: -1.26 % Date: 3/31/2006
Drawdown: -0.19 % Date: 2/28/2006
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Auspice Capital Advisors, Ltd.
Address: Suite 510, 1000 7th Ave SW
City: Calgary
State: AB
Zip: T2P 5L5
Country: Canada

Key People

Name:  Ken Corner
Position:  Principal
Biography: 


Name:  Tim Pickering
Position:  Principal
Biography: 

Tim Pickering, President of Auspice, held previous senior trading roles at TD Securities and Shell Trading (V.P. Options Trading, North America).


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Investment Methodology
 Technical Yes 
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Quantitative Analysis Yes 
 Volatility Trading Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $2,000,000 
 Margin / Equity Ratio: 7% 
 Managed Account Availability: Open