Schindler Capital Management, LLC

Dairy Advantage Program


Monthly Performance (%)

Date Range: 07/05 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -0.66 0.26 0.95 2.54   3.10 
2018 0.34 -0.19 0.19 0.47 -1.33 -2.61 -0.15 1.40 -4.87 -2.72 -0.14 -0.12  -9.47 
2017 -1.61 -0.15 -0.12 -0.72 3.40 -5.36 0.74 -4.22 -0.12 0.60 -0.11 -0.49  -8.13 
2016 0.40 -0.40 -0.85 1.59 -0.17 6.13 1.37 -0.92 -0.16 -0.24 1.98 1.22  10.20 
2015 -0.68 -0.50 -0.22 -0.09 -0.38 0.11 -0.18 -0.16 -1.94 -0.10 -0.19 0.85  -3.45 
2014 17.07 -0.80 10.86 -0.13 -0.18 -0.11 0.91 10.80 1.64 -0.19 0.91 1.53  48.99 
2013 -0.23 0.77 -0.12 2.55 1.42 -10.80 -0.31 2.05 -1.44 7.59 -1.40 2.52  1.59 
2012 0.12 3.14 -1.10 -1.07 3.42 11.92 -5.16 1.67 3.67 -3.30 -10.73 -3.73  -2.85 
2011 14.55 20.17 5.78 6.10 16.82 -7.88 33.75 -13.89 -4.32 6.89 -0.13 -0.13  95.32 
2010 -22.82 -6.26 2.96 4.54 -10.74 -1.00 4.86 6.98 6.10 -3.71 -2.66 -5.48  -27.44 
2009 12.34 -0.70 16.32 -7.84 6.33 -4.81 4.90 -22.09 21.52 22.54 7.98 -14.97  35.25 
2008 -7.61 13.68 -26.00 45.19 4.93 19.32 -9.97 3.61 -5.92 -11.61 1.85 42.82  59.42 
2007 21.36 4.32 36.91 138.10 14.81 3.10 -24.20 77.52 -6.14 3.00 -1.45 13.44  610.45 
2006 13.99 47.51 3.85 -1.29 -8.15 6.85 -2.10 0.38 -6.03 -1.56 9.25 4.82  76.10 
2005 -11.20 3.20 -6.67 -13.73 1.22  -25.31 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Advisor focuses on fundamental analysis of supply and demand to predict future Class III milk prices. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit traders that help him come up with his bias on the market.

Performance Statistics

Date Range: 07/05 - 04/19
  Program S&P 500 Altegris 40 
Total Return 3730.74% 230.31% 45.76% 
Annualized Return 30.36% 9.02% 2.76% 
Annualized Std. Deviation 55.12% 13.97% 8.81% 
Correlation 0.14 0.09 
Sharpe Ratio (rf=2.5%) 0.51 0.47 0.03 
Worst Month -26.00% -16.79% -6.10% 
Date of Worst Month 03/2008 10/2008 02/2018 
Worst Drawdown -41.49% -50.95% -15.74% 
Date of Worst Drawdown 11/09 - 6/10 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 07/05 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 3.10 18.24 5.17 
2018 -9.47 -4.38 -4.29 
2017 -8.13 21.84 1.24 
2016 10.20 11.98 -3.13 
2015 -3.45 1.41 0.09 
2014 48.99 13.69 15.75 
2013 1.59 32.41 -2.45 
2012 -2.85 15.98 -4.75 
2011 95.32 2.12 -3.23 
2010 -27.44 15.06 11.33 
2009 35.25 26.45 -7.98 
2008 59.42 -36.99 15.47 
2007 610.45 5.50 7.18 
2006 76.10 15.79 6.70 
2005 -25.31 1.97 4.71 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 07/05 - 04/19
Date: 4/30/2019
Perf: $1,456.77 Date: 3/31/2019
Perf: $1,417.78 Date: 2/28/2019
Perf: $1,368.64 Date: 1/31/2019
Perf: $1,359.94 Date: 12/31/2018
Perf: $1,385.15 Date: 11/30/2018
Perf: $1,379.36 Date: 10/31/2018
Perf: $1,396.11 Date: 9/30/2018
Perf: $1,431.47 Date: 8/31/2018
Perf: $1,437.94 Date: 7/31/2018
Perf: $1,402.18 Date: 6/30/2018
Perf: $1,412.78 Date: 5/31/2018
Perf: $1,401.01 Date: 4/30/2018
Perf: $1,419.32 Date: 3/31/2018
Perf: $1,404.15 Date: 2/28/2018
Perf: $1,405.42 Date: 1/31/2018
Perf: $1,496.72 Date: 12/31/2017
Perf: $1,447.22 Date: 11/30/2017
Perf: $1,431.62 Date: 10/31/2017
Perf: $1,429.76 Date: 9/30/2017
Perf: $1,372.26 Date: 8/31/2017
Perf: $1,401.84 Date: 7/31/2017
Perf: $1,378.95 Date: 6/30/2017
Perf: $1,373.59 Date: 5/31/2017
Perf: $1,414.91 Date: 4/30/2017
Perf: $1,412.23 Date: 3/31/2017
Perf: $1,420.75 Date: 2/28/2017
Perf: $1,441.80 Date: 1/31/2017
Perf: $1,411.04 Date: 12/31/2016
Perf: $1,429.48 Date: 11/30/2016
Perf: $1,418.70 Date: 10/31/2016
Perf: $1,434.48 Date: 9/30/2016
Perf: $1,472.47 Date: 8/31/2016
Perf: $1,491.71 Date: 7/31/2016
Perf: $1,532.95 Date: 6/30/2016
Perf: $1,517.47 Date: 5/31/2016
Perf: $1,455.61 Date: 4/30/2016
Perf: $1,481.53 Date: 3/31/2016
Perf: $1,519.68 Date: 2/29/2016
Perf: $1,564.58 Date: 1/31/2016
Perf: $1,527.01 Date: 12/31/2015
Perf: $1,475.66 Date: 11/30/2015
Perf: $1,510.40 Date: 10/31/2015
Perf: $1,460.59 Date: 9/30/2015
Perf: $1,486.46 Date: 8/31/2015
Perf: $1,454.89 Date: 7/31/2015
Perf: $1,480.50 Date: 6/30/2015
Perf: $1,424.79 Date: 5/31/2015
Perf: $1,502.94 Date: 4/30/2015
Perf: $1,513.84 Date: 3/31/2015
Perf: $1,574.62 Date: 2/28/2015
Perf: $1,540.58 Date: 1/31/2015
Perf: $1,543.05 Date: 12/31/2014
Perf: $1,474.34 Date: 11/30/2014
Perf: $1,448.84 Date: 10/31/2014
Perf: $1,367.48 Date: 9/30/2014
Perf: $1,347.67 Date: 8/31/2014
Perf: $1,327.88 Date: 7/31/2014
Perf: $1,273.99 Date: 6/30/2014
Perf: $1,284.27 Date: 5/31/2014
Perf: $1,273.32 Date: 4/30/2014
Perf: $1,241.53 Date: 3/31/2014
Perf: $1,232.17 Date: 2/28/2014
Perf: $1,250.68 Date: 1/31/2014
Perf: $1,240.51 Date: 12/31/2013
Perf: $1,273.75 Date: 11/30/2013
Perf: $1,275.54 Date: 10/31/2013
Perf: $1,252.86 Date: 9/30/2013
Perf: $1,224.81 Date: 8/31/2013
Perf: $1,232.20 Date: 7/31/2013
Perf: $1,256.33 Date: 6/30/2013
Perf: $1,267.35 Date: 5/31/2013
Perf: $1,317.28 Date: 4/30/2013
Perf: $1,376.46 Date: 3/31/2013
Perf: $1,341.85 Date: 2/28/2013
Perf: $1,322.80 Date: 1/31/2013
Perf: $1,330.51 Date: 12/31/2012
Perf: $1,305.71 Date: 11/30/2012
Perf: $1,299.34 Date: 10/31/2012
Perf: $1,295.71 Date: 9/30/2012
Perf: $1,344.38 Date: 8/31/2012
Perf: $1,366.93 Date: 7/31/2012
Perf: $1,385.78 Date: 6/30/2012
Perf: $1,331.33 Date: 5/31/2012
Perf: $1,383.34 Date: 4/30/2012
Perf: $1,357.55 Date: 3/31/2012
Perf: $1,349.45 Date: 2/29/2012
Perf: $1,380.79 Date: 1/31/2012
Perf: $1,375.16 Date: 12/31/2011
Perf: $1,370.77 Date: 11/30/2011
Perf: $1,357.74 Date: 10/31/2011
Perf: $1,353.67 Date: 9/30/2011
Perf: $1,409.49 Date: 8/31/2011
Perf: $1,410.34 Date: 7/31/2011
Perf: $1,413.16 Date: 6/30/2011
Perf: $1,364.19 Date: 5/31/2011
Perf: $1,400.60 Date: 4/30/2011
Perf: $1,453.66 Date: 3/31/2011
Perf: $1,399.10 Date: 2/28/2011
Perf: $1,420.84 Date: 1/31/2011
Perf: $1,397.09 Date: 12/31/2010
Perf: $1,416.49 Date: 11/30/2010
Perf: $1,358.22 Date: 10/31/2010
Perf: $1,408.07 Date: 9/30/2010
Perf: $1,355.48 Date: 8/31/2010
Perf: $1,331.25 Date: 7/31/2010
Perf: $1,278.33 Date: 6/30/2010
Perf: $1,295.03 Date: 5/31/2010
Perf: $1,290.13 Date: 4/30/2010
Perf: $1,322.13 Date: 3/31/2010
Perf: $1,302.07 Date: 2/28/2010
Perf: $1,252.35 Date: 1/31/2010
Perf: $1,240.69 Date: 12/31/2009
Perf: $1,272.37 Date: 11/30/2009
Perf: $1,325.39 Date: 10/31/2009
Perf: $1,274.05 Date: 9/30/2009
Perf: $1,307.52 Date: 8/31/2009
Perf: $1,277.12 Date: 7/31/2009
Perf: $1,272.92 Date: 6/30/2009
Perf: $1,274.32 Date: 5/31/2009
Perf: $1,309.15 Date: 4/30/2009
Perf: $1,291.33 Date: 3/31/2009
Perf: $1,334.98 Date: 2/28/2009
Perf: $1,373.01 Date: 1/31/2009
Perf: $1,373.70 Date: 12/31/2008
Perf: $1,382.69 Date: 11/30/2008
Perf: $1,348.04 Date: 10/31/2008
Perf: $1,300.32 Date: 9/30/2008
Perf: $1,236.63 Date: 8/31/2008
Perf: $1,234.04 Date: 7/31/2008
Perf: $1,267.90 Date: 6/30/2008
Perf: $1,328.89 Date: 5/31/2008
Perf: $1,294.33 Date: 4/30/2008
Perf: $1,268.21 Date: 3/31/2008
Perf: $1,282.96 Date: 2/29/2008
Perf: $1,288.63 Date: 1/31/2008
Perf: $1,219.26 Date: 12/31/2007
Perf: $1,197.46 Date: 11/30/2007
Perf: $1,200.22 Date: 10/31/2007
Perf: $1,208.08 Date: 9/30/2007
Perf: $1,158.16 Date: 8/31/2007
Perf: $1,106.49 Date: 7/31/2007
Perf: $1,149.36 Date: 6/30/2007
Perf: $1,186.00 Date: 5/31/2007
Perf: $1,152.69 Date: 4/30/2007
Perf: $1,112.96 Date: 3/31/2007
Perf: $1,068.10 Date: 2/28/2007
Perf: $1,093.69 Date: 1/31/2007
Perf: $1,136.30 Date: 12/31/2006
Perf: $1,117.20 Date: 11/30/2006
Perf: $1,080.67 Date: 10/31/2006
Perf: $1,054.83 Date: 9/30/2006
Perf: $1,043.35 Date: 8/31/2006
Perf: $1,054.53 Date: 7/31/2006
Perf: $1,042.85 Date: 6/30/2006
Perf: $1,058.52 Date: 5/31/2006
Perf: $1,073.22 Date: 4/30/2006
Perf: $1,102.43 Date: 3/31/2006
Perf: $1,076.17 Date: 2/28/2006
Perf: $1,048.09 Date: 1/31/2006
Perf: $1,067.08 Date: 12/31/2005
Perf: $1,047.08 Date: 11/30/2005
Perf: $1,066.38 Date: 10/31/2005
Perf: $1,022.52 Date: 9/30/2005
Perf: $1,020.88 Date: 8/31/2005
Perf: $1,005.40 Date: 7/31/2005
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,184.61 Date: 3/31/2019
Perf: $3,060.65 Date: 2/28/2019
Perf: $3,002.41 Date: 1/31/2019
Perf: $2,909.03 Date: 12/31/2018
Perf: $2,693.29 Date: 11/30/2018
Perf: $2,960.64 Date: 10/31/2018
Perf: $2,901.45 Date: 9/30/2018
Perf: $3,114.48 Date: 8/31/2018
Perf: $3,096.83 Date: 7/31/2018
Perf: $2,999.06 Date: 6/30/2018
Perf: $2,891.50 Date: 5/31/2018
Perf: $2,873.68 Date: 4/30/2018
Perf: $2,806.05 Date: 3/31/2018
Perf: $2,795.43 Date: 2/28/2018
Perf: $2,868.28 Date: 1/31/2018
Perf: $2,978.18 Date: 12/31/2017
Perf: $2,816.78 Date: 11/30/2017
Perf: $2,785.86 Date: 10/31/2017
Perf: $2,702.88 Date: 9/30/2017
Perf: $2,641.33 Date: 8/31/2017
Perf: $2,588.02 Date: 7/31/2017
Perf: $2,580.02 Date: 6/30/2017
Perf: $2,527.95 Date: 5/31/2017
Perf: $2,512.37 Date: 4/30/2017
Perf: $2,477.44 Date: 3/31/2017
Perf: $2,452.18 Date: 2/28/2017
Perf: $2,449.24 Date: 1/31/2017
Perf: $2,355.72 Date: 12/31/2016
Perf: $2,311.80 Date: 11/30/2016
Perf: $2,266.91 Date: 10/31/2016
Perf: $2,186.03 Date: 9/30/2016
Perf: $2,226.55 Date: 8/31/2016
Perf: $2,226.11 Date: 7/31/2016
Perf: $2,222.99 Date: 6/30/2016
Perf: $2,143.88 Date: 5/31/2016
Perf: $2,138.32 Date: 4/30/2016
Perf: $2,100.52 Date: 3/31/2016
Perf: $2,092.35 Date: 2/29/2016
Perf: $1,959.50 Date: 1/31/2016
Perf: $1,962.05 Date: 12/31/2015
Perf: $2,064.45 Date: 11/30/2015
Perf: $2,097.59 Date: 10/31/2015
Perf: $2,091.32 Date: 9/30/2015
Perf: $1,928.55 Date: 8/31/2015
Perf: $1,977.39 Date: 7/31/2015
Perf: $2,104.28 Date: 6/30/2015
Perf: $2,061.00 Date: 5/31/2015
Perf: $2,101.77 Date: 4/30/2015
Perf: $2,075.00 Date: 3/31/2015
Perf: $2,055.27 Date: 2/28/2015
Perf: $2,088.27 Date: 1/31/2015
Perf: $1,974.72 Date: 12/31/2014
Perf: $2,035.79 Date: 11/30/2014
Perf: $2,040.90 Date: 10/31/2014
Perf: $1,987.43 Date: 9/30/2014
Perf: $1,940.10 Date: 8/31/2014
Perf: $1,967.64 Date: 7/31/2014
Perf: $1,891.96 Date: 6/30/2014
Perf: $1,918.44 Date: 5/31/2014
Perf: $1,879.53 Date: 4/30/2014
Perf: $1,836.38 Date: 3/31/2014
Perf: $1,822.89 Date: 2/28/2014
Perf: $1,807.70 Date: 1/31/2014
Perf: $1,728.70 Date: 12/31/2013
Perf: $1,790.66 Date: 11/30/2013
Perf: $1,746.47 Date: 10/31/2013
Perf: $1,694.78 Date: 9/30/2013
Perf: $1,620.25 Date: 8/31/2013
Perf: $1,570.92 Date: 7/31/2013
Perf: $1,617.84 Date: 6/30/2013
Perf: $1,539.48 Date: 5/31/2013
Perf: $1,560.39 Date: 4/30/2013
Perf: $1,524.71 Date: 3/31/2013
Perf: $1,495.84 Date: 2/28/2013
Perf: $1,441.78 Date: 1/31/2013
Perf: $1,422.43 Date: 12/31/2012
Perf: $1,352.38 Date: 11/30/2012
Perf: $1,340.18 Date: 10/31/2012
Perf: $1,332.45 Date: 9/30/2012
Perf: $1,357.57 Date: 8/31/2012
Perf: $1,323.42 Date: 7/31/2012
Perf: $1,294.30 Date: 6/30/2012
Perf: $1,276.56 Date: 5/31/2012
Perf: $1,226.05 Date: 4/30/2012
Perf: $1,304.44 Date: 3/31/2012
Perf: $1,312.71 Date: 2/29/2012
Perf: $1,270.90 Date: 1/31/2012
Perf: $1,218.27 Date: 12/31/2011
Perf: $1,166.03 Date: 11/30/2011
Perf: $1,154.26 Date: 10/31/2011
Perf: $1,156.80 Date: 9/30/2011
Perf: $1,042.82 Date: 8/31/2011
Perf: $1,121.68 Date: 7/31/2011
Perf: $1,186.08 Date: 6/30/2011
Perf: $1,210.66 Date: 5/31/2011
Perf: $1,231.22 Date: 4/30/2011
Perf: $1,245.29 Date: 3/31/2011
Perf: $1,209.49 Date: 2/28/2011
Perf: $1,209.01 Date: 1/31/2011
Perf: $1,168.91 Date: 12/31/2010
Perf: $1,141.85 Date: 11/30/2010
Perf: $1,070.35 Date: 10/31/2010
Perf: $1,070.24 Date: 9/30/2010
Perf: $1,030.96 Date: 8/31/2010
Perf: $946.53 Date: 7/31/2010
Perf: $991.24 Date: 6/30/2010
Perf: $926.30 Date: 5/31/2010
Perf: $977.42 Date: 4/30/2010
Perf: $1,062.30 Date: 3/31/2010
Perf: $1,045.78 Date: 2/28/2010
Perf: $986.30 Date: 1/31/2010
Perf: $956.65 Date: 12/31/2009
Perf: $992.37 Date: 11/30/2009
Perf: $973.58 Date: 10/31/2009
Perf: $918.47 Date: 9/30/2009
Perf: $935.88 Date: 8/31/2009
Perf: $902.23 Date: 7/31/2009
Perf: $870.79 Date: 6/30/2009
Perf: $809.59 Date: 5/31/2009
Perf: $807.97 Date: 4/30/2009
Perf: $765.20 Date: 3/31/2009
Perf: $698.36 Date: 2/28/2009
Perf: $642.12 Date: 1/31/2009
Perf: $718.65 Date: 12/31/2008
Perf: $784.81 Date: 11/30/2008
Perf: $776.58 Date: 10/31/2008
Perf: $836.65 Date: 9/30/2008
Perf: $1,005.47 Date: 8/31/2008
Perf: $1,103.82 Date: 7/31/2008
Perf: $1,088.04 Date: 6/30/2008
Perf: $1,097.26 Date: 5/31/2008
Perf: $1,198.27 Date: 4/30/2008
Perf: $1,182.90 Date: 3/31/2008
Perf: $1,127.97 Date: 2/29/2008
Perf: $1,132.84 Date: 1/31/2008
Perf: $1,170.89 Date: 12/31/2007
Perf: $1,245.63 Date: 11/30/2007
Perf: $1,254.28 Date: 10/31/2007
Perf: $1,309.00 Date: 9/30/2007
Perf: $1,288.51 Date: 8/31/2007
Perf: $1,242.06 Date: 7/31/2007
Perf: $1,223.70 Date: 6/30/2007
Perf: $1,262.85 Date: 5/31/2007
Perf: $1,284.17 Date: 4/30/2007
Perf: $1,240.86 Date: 3/31/2007
Perf: $1,188.22 Date: 2/28/2007
Perf: $1,175.06 Date: 1/31/2007
Perf: $1,198.55 Date: 12/31/2006
Perf: $1,180.73 Date: 11/30/2006
Perf: $1,164.42 Date: 10/31/2006
Perf: $1,142.71 Date: 9/30/2006
Perf: $1,106.64 Date: 8/31/2006
Perf: $1,078.80 Date: 7/31/2006
Perf: $1,053.72 Date: 6/30/2006
Perf: $1,047.23 Date: 5/31/2006
Perf: $1,045.77 Date: 4/30/2006
Perf: $1,076.78 Date: 3/31/2006
Perf: $1,062.54 Date: 2/28/2006
Perf: $1,049.53 Date: 1/31/2006
Perf: $1,046.70 Date: 12/31/2005
Perf: $1,019.68 Date: 11/30/2005
Perf: $1,019.37 Date: 10/31/2005
Perf: $982.24 Date: 9/30/2005
Perf: $998.93 Date: 8/31/2005
Perf: $990.90 Date: 7/31/2005
Perf: $1,000.00 Date: 4/30/2019
Perf: $38,307.44 Date: 3/31/2019
Perf: $37,358.53 Date: 2/28/2019
Perf: $37,006.97 Date: 1/31/2019
Perf: $36,911.00 Date: 12/31/2018
Perf: $37,156.23 Date: 11/30/2018
Perf: $37,200.87 Date: 10/31/2018
Perf: $37,253.03 Date: 9/30/2018
Perf: $38,294.64 Date: 8/31/2018
Perf: $40,255.06 Date: 7/31/2018
Perf: $39,699.27 Date: 6/30/2018
Perf: $39,758.91 Date: 5/31/2018
Perf: $40,824.43 Date: 4/30/2018
Perf: $41,374.71 Date: 3/31/2018
Perf: $41,181.16 Date: 2/28/2018
Perf: $41,103.06 Date: 1/31/2018
Perf: $41,181.31 Date: 12/31/2017
Perf: $41,041.77 Date: 11/30/2017
Perf: $41,243.86 Date: 10/31/2017
Perf: $41,289.28 Date: 9/30/2017
Perf: $41,043.02 Date: 8/31/2017
Perf: $41,092.33 Date: 7/31/2017
Perf: $42,902.83 Date: 6/30/2017
Perf: $42,587.68 Date: 5/31/2017
Perf: $44,999.67 Date: 4/30/2017
Perf: $43,519.99 Date: 3/31/2017
Perf: $43,835.60 Date: 2/28/2017
Perf: $43,888.27 Date: 1/31/2017
Perf: $43,954.20 Date: 12/31/2016
Perf: $44,673.44 Date: 11/30/2016
Perf: $44,134.99 Date: 10/31/2016
Perf: $43,278.09 Date: 9/30/2016
Perf: $43,382.21 Date: 8/31/2016
Perf: $43,451.73 Date: 7/31/2016
Perf: $43,855.20 Date: 6/30/2016
Perf: $43,262.50 Date: 5/31/2016
Perf: $40,763.69 Date: 4/30/2016
Perf: $40,833.10 Date: 3/31/2016
Perf: $40,194.02 Date: 2/29/2016
Perf: $40,538.60 Date: 1/31/2016
Perf: $40,701.40 Date: 12/31/2015
Perf: $40,539.24 Date: 11/30/2015
Perf: $40,197.57 Date: 10/31/2015
Perf: $40,274.09 Date: 9/30/2015
Perf: $40,314.40 Date: 8/31/2015
Perf: $41,111.97 Date: 7/31/2015
Perf: $41,177.86 Date: 6/30/2015
Perf: $41,252.11 Date: 5/31/2015
Perf: $41,206.78 Date: 4/30/2015
Perf: $41,363.97 Date: 3/31/2015
Perf: $41,401.23 Date: 2/28/2015
Perf: $41,492.51 Date: 1/31/2015
Perf: $41,701.02 Date: 12/31/2014
Perf: $41,986.52 Date: 11/30/2014
Perf: $41,353.81 Date: 10/31/2014
Perf: $40,980.89 Date: 9/30/2014
Perf: $41,058.90 Date: 8/31/2014
Perf: $40,396.40 Date: 7/31/2014
Perf: $36,458.84 Date: 6/30/2014
Perf: $36,130.06 Date: 5/31/2014
Perf: $36,169.84 Date: 4/30/2014
Perf: $36,235.07 Date: 3/31/2014
Perf: $36,282.23 Date: 2/28/2014
Perf: $32,727.98 Date: 1/31/2014
Perf: $32,991.91 Date: 12/31/2013
Perf: $28,181.35 Date: 11/30/2013
Perf: $27,488.64 Date: 10/31/2013
Perf: $27,878.95 Date: 9/30/2013
Perf: $25,912.21 Date: 8/31/2013
Perf: $26,290.80 Date: 7/31/2013
Perf: $25,762.66 Date: 6/30/2013
Perf: $25,842.78 Date: 5/31/2013
Perf: $28,971.72 Date: 4/30/2013
Perf: $28,566.08 Date: 3/31/2013
Perf: $27,855.76 Date: 2/28/2013
Perf: $27,889.23 Date: 1/31/2013
Perf: $27,676.12 Date: 12/31/2012
Perf: $27,739.92 Date: 11/30/2012
Perf: $28,814.71 Date: 10/31/2012
Perf: $32,278.16 Date: 9/30/2012
Perf: $33,379.69 Date: 8/31/2012
Perf: $32,198.02 Date: 7/31/2012
Perf: $31,669.15 Date: 6/30/2012
Perf: $33,392.18 Date: 5/31/2012
Perf: $29,835.76 Date: 4/30/2012
Perf: $28,849.12 Date: 3/31/2012
Perf: $29,161.14 Date: 2/29/2012
Perf: $29,485.48 Date: 1/31/2012
Perf: $28,587.83 Date: 12/31/2011
Perf: $28,553.56 Date: 11/30/2011
Perf: $28,590.73 Date: 10/31/2011
Perf: $28,627.95 Date: 9/30/2011
Perf: $26,782.62 Date: 8/31/2011
Perf: $27,991.87 Date: 7/31/2011
Perf: $32,507.11 Date: 6/30/2011
Perf: $24,304.38 Date: 5/31/2011
Perf: $26,383.39 Date: 4/30/2011
Perf: $22,584.65 Date: 3/31/2011
Perf: $21,286.20 Date: 2/28/2011
Perf: $20,123.08 Date: 1/31/2011
Perf: $16,745.51 Date: 12/31/2010
Perf: $14,618.52 Date: 11/30/2010
Perf: $15,466.06 Date: 10/31/2010
Perf: $15,888.70 Date: 9/30/2010
Perf: $16,500.88 Date: 8/31/2010
Perf: $15,552.20 Date: 7/31/2010
Perf: $14,537.48 Date: 6/30/2010
Perf: $13,863.70 Date: 5/31/2010
Perf: $14,003.74 Date: 4/30/2010
Perf: $15,688.71 Date: 3/31/2010
Perf: $15,007.37 Date: 2/28/2010
Perf: $14,575.93 Date: 1/31/2010
Perf: $15,549.31 Date: 12/31/2009
Perf: $20,146.82 Date: 11/30/2009
Perf: $23,693.78 Date: 10/31/2009
Perf: $21,942.74 Date: 9/30/2009
Perf: $17,906.60 Date: 8/31/2009
Perf: $14,735.51 Date: 7/31/2009
Perf: $18,913.51 Date: 6/30/2009
Perf: $18,030.04 Date: 5/31/2009
Perf: $18,941.10 Date: 4/30/2009
Perf: $17,813.51 Date: 3/31/2009
Perf: $19,328.89 Date: 2/28/2009
Perf: $16,617.00 Date: 1/31/2009
Perf: $16,734.14 Date: 12/31/2008
Perf: $14,895.98 Date: 11/30/2008
Perf: $10,429.89 Date: 10/31/2008
Perf: $10,240.45 Date: 9/30/2008
Perf: $11,585.53 Date: 8/31/2008
Perf: $12,314.55 Date: 7/31/2008
Perf: $11,885.48 Date: 6/30/2008
Perf: $13,201.69 Date: 5/31/2008
Perf: $11,064.10 Date: 4/30/2008
Perf: $10,544.27 Date: 3/31/2008
Perf: $7,262.40 Date: 2/29/2008
Perf: $9,814.05 Date: 1/31/2008
Perf: $8,633.05 Date: 12/31/2007
Perf: $9,344.14 Date: 11/30/2007
Perf: $8,237.07 Date: 10/31/2007
Perf: $8,358.27 Date: 9/30/2007
Perf: $8,114.82 Date: 8/31/2007
Perf: $8,645.67 Date: 7/31/2007
Perf: $4,870.25 Date: 6/30/2007
Perf: $6,425.13 Date: 5/31/2007
Perf: $6,231.94 Date: 4/30/2007
Perf: $5,428.05 Date: 3/31/2007
Perf: $2,279.73 Date: 2/28/2007
Perf: $1,665.13 Date: 1/31/2007
Perf: $1,596.18 Date: 12/31/2006
Perf: $1,315.24 Date: 11/30/2006
Perf: $1,254.76 Date: 10/31/2006
Perf: $1,148.52 Date: 9/30/2006
Perf: $1,166.73 Date: 8/31/2006
Perf: $1,241.59 Date: 7/31/2006
Perf: $1,236.89 Date: 6/30/2006
Perf: $1,263.43 Date: 5/31/2006
Perf: $1,182.43 Date: 4/30/2006
Perf: $1,287.35 Date: 3/31/2006
Perf: $1,304.17 Date: 2/28/2006
Perf: $1,255.82 Date: 1/31/2006
Perf: $851.35 Date: 12/31/2005
Perf: $746.86 Date: 11/30/2005
Perf: $737.86 Date: 10/31/2005
Perf: $855.29 Date: 9/30/2005
Perf: $916.42 Date: 8/31/2005
Perf: $888.00 Date: 7/31/2005
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 07/05 - 04/19
Date: 4/30/2019
Return: 2.54 % Date: 3/31/2019
Return: 0.95 % Date: 2/28/2019
Return: 0.26 % Date: 1/31/2019
Return: -0.66 % Date: 12/31/2018
Return: -0.12 % Date: 11/30/2018
Return: -0.14 % Date: 10/31/2018
Return: -2.72 % Date: 9/30/2018
Return: -4.87 % Date: 8/31/2018
Return: 1.40 % Date: 7/31/2018
Return: -0.15 % Date: 6/30/2018
Return: -2.61 % Date: 5/31/2018
Return: -1.33 % Date: 4/30/2018
Return: 0.47 % Date: 3/31/2018
Return: 0.19 % Date: 2/28/2018
Return: -0.19 % Date: 1/31/2018
Return: 0.34 % Date: 12/31/2017
Return: -0.49 % Date: 11/30/2017
Return: -0.11 % Date: 10/31/2017
Return: 0.60 % Date: 9/30/2017
Return: -0.12 % Date: 8/31/2017
Return: -4.22 % Date: 7/31/2017
Return: 0.74 % Date: 6/30/2017
Return: -5.36 % Date: 5/31/2017
Return: 3.40 % Date: 4/30/2017
Return: -0.72 % Date: 3/31/2017
Return: -0.12 % Date: 2/28/2017
Return: -0.15 % Date: 1/31/2017
Return: -1.61 % Date: 12/31/2016
Return: 1.22 % Date: 11/30/2016
Return: 1.98 % Date: 10/31/2016
Return: -0.24 % Date: 9/30/2016
Return: -0.16 % Date: 8/31/2016
Return: -0.92 % Date: 7/31/2016
Return: 1.37 % Date: 6/30/2016
Return: 6.13 % Date: 5/31/2016
Return: -0.17 % Date: 4/30/2016
Return: 1.59 % Date: 3/31/2016
Return: -0.85 % Date: 2/29/2016
Return: -0.40 % Date: 1/31/2016
Return: 0.40 % Date: 12/31/2015
Return: 0.85 % Date: 11/30/2015
Return: -0.19 % Date: 10/31/2015
Return: -0.10 % Date: 9/30/2015
Return: -1.94 % Date: 8/31/2015
Return: -0.16 % Date: 7/31/2015
Return: -0.18 % Date: 6/30/2015
Return: 0.11 % Date: 5/31/2015
Return: -0.38 % Date: 4/30/2015
Return: -0.09 % Date: 3/31/2015
Return: -0.22 % Date: 2/28/2015
Return: -0.50 % Date: 1/31/2015
Return: -0.68 % Date: 12/31/2014
Return: 1.53 % Date: 11/30/2014
Return: 0.91 % Date: 10/31/2014
Return: -0.19 % Date: 9/30/2014
Return: 1.64 % Date: 8/31/2014
Return: 10.80 % Date: 7/31/2014
Return: 0.91 % Date: 6/30/2014
Return: -0.11 % Date: 5/31/2014
Return: -0.18 % Date: 4/30/2014
Return: -0.13 % Date: 3/31/2014
Return: 10.86 % Date: 2/28/2014
Return: -0.80 % Date: 1/31/2014
Return: 17.07 % Date: 12/31/2013
Return: 2.52 % Date: 11/30/2013
Return: -1.40 % Date: 10/31/2013
Return: 7.59 % Date: 9/30/2013
Return: -1.44 % Date: 8/31/2013
Return: 2.05 % Date: 7/31/2013
Return: -0.31 % Date: 6/30/2013
Return: -10.80 % Date: 5/31/2013
Return: 1.42 % Date: 4/30/2013
Return: 2.55 % Date: 3/31/2013
Return: -0.12 % Date: 2/28/2013
Return: 0.77 % Date: 1/31/2013
Return: -0.23 % Date: 12/31/2012
Return: -3.73 % Date: 11/30/2012
Return: -10.73 % Date: 10/31/2012
Return: -3.30 % Date: 9/30/2012
Return: 3.67 % Date: 8/31/2012
Return: 1.67 % Date: 7/31/2012
Return: -5.16 % Date: 6/30/2012
Return: 11.92 % Date: 5/31/2012
Return: 3.42 % Date: 4/30/2012
Return: -1.07 % Date: 3/31/2012
Return: -1.10 % Date: 2/29/2012
Return: 3.14 % Date: 1/31/2012
Return: 0.12 % Date: 12/31/2011
Return: -0.13 % Date: 11/30/2011
Return: -0.13 % Date: 10/31/2011
Return: 6.89 % Date: 9/30/2011
Return: -4.32 % Date: 8/31/2011
Return: -13.89 % Date: 7/31/2011
Return: 33.75 % Date: 6/30/2011
Return: -7.88 % Date: 5/31/2011
Return: 16.82 % Date: 4/30/2011
Return: 6.10 % Date: 3/31/2011
Return: 5.78 % Date: 2/28/2011
Return: 20.17 % Date: 1/31/2011
Return: 14.55 % Date: 12/31/2010
Return: -5.48 % Date: 11/30/2010
Return: -2.66 % Date: 10/31/2010
Return: -3.71 % Date: 9/30/2010
Return: 6.10 % Date: 8/31/2010
Return: 6.98 % Date: 7/31/2010
Return: 4.86 % Date: 6/30/2010
Return: -1.00 % Date: 5/31/2010
Return: -10.74 % Date: 4/30/2010
Return: 4.54 % Date: 3/31/2010
Return: 2.96 % Date: 2/28/2010
Return: -6.26 % Date: 1/31/2010
Return: -22.82 % Date: 12/31/2009
Return: -14.97 % Date: 11/30/2009
Return: 7.98 % Date: 10/31/2009
Return: 22.54 % Date: 9/30/2009
Return: 21.52 % Date: 8/31/2009
Return: -22.09 % Date: 7/31/2009
Return: 4.90 % Date: 6/30/2009
Return: -4.81 % Date: 5/31/2009
Return: 6.33 % Date: 4/30/2009
Return: -7.84 % Date: 3/31/2009
Return: 16.32 % Date: 2/28/2009
Return: -0.70 % Date: 1/31/2009
Return: 12.34 % Date: 12/31/2008
Return: 42.82 % Date: 11/30/2008
Return: 1.85 % Date: 10/31/2008
Return: -11.61 % Date: 9/30/2008
Return: -5.92 % Date: 8/31/2008
Return: 3.61 % Date: 7/31/2008
Return: -9.97 % Date: 6/30/2008
Return: 19.32 % Date: 5/31/2008
Return: 4.93 % Date: 4/30/2008
Return: 45.19 % Date: 3/31/2008
Return: -26.00 % Date: 2/29/2008
Return: 13.68 % Date: 1/31/2008
Return: -7.61 % Date: 12/31/2007
Return: 13.44 % Date: 11/30/2007
Return: -1.45 % Date: 10/31/2007
Return: 3.00 % Date: 9/30/2007
Return: -6.14 % Date: 8/31/2007
Return: 77.52 % Date: 7/31/2007
Return: -24.20 % Date: 6/30/2007
Return: 3.10 % Date: 5/31/2007
Return: 14.81 % Date: 4/30/2007
Return: 138.10 % Date: 3/31/2007
Return: 36.91 % Date: 2/28/2007
Return: 4.32 % Date: 1/31/2007
Return: 21.36 % Date: 12/31/2006
Return: 4.82 % Date: 11/30/2006
Return: 9.25 % Date: 10/31/2006
Return: -1.56 % Date: 9/30/2006
Return: -6.03 % Date: 8/31/2006
Return: 0.38 % Date: 7/31/2006
Return: -2.10 % Date: 6/30/2006
Return: 6.85 % Date: 5/31/2006
Return: -8.15 % Date: 4/30/2006
Return: -1.29 % Date: 3/31/2006
Return: 3.85 % Date: 2/28/2006
Return: 47.51 % Date: 1/31/2006
Return: 13.99 % Date: 12/31/2005
Return: 1.22 % Date: 11/30/2005
Return: -13.73 % Date: 10/31/2005
Return: -6.67 % Date: 9/30/2005
Return: 3.20 % Date: 8/31/2005
Return: -11.20 % Date: 7/31/2005
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 07/05 - 04/19
Return: 11.00 %
Count: 2 Return: 34.00 %
Count: 1 Return: 17.00 %
Count: 2 Return: 20.00 %
Count: 1 Return: -3.00 %
Count: 4 Return: -4.00 %
Count: 4 Return: -23.00 %
Count: 1 Return: -15.00 %
Count: 1 Return: 8.00 %
Count: 2 Return: 23.00 %
Count: 1 Return: 22.00 %
Count: 1 Return: -22.00 %
Count: 1 Return: -5.00 %
Count: 5 Return: 6.00 %
Count: 5 Return: 16.00 %
Count: 1 Return: 12.00 %
Count: 2 Return: 43.00 %
Count: 1 Return: 2.00 %
Count: 7 Return: -12.00 %
Count: 1 Return: -10.00 %
Count: 1 Return: 19.00 %
Count: 1 Return: 45.00 %
Count: 1 Return: -26.00 %
Count: 1 Return: 13.00 %
Count: 1 Return: 78.00 %
Count: 1 Return: -24.00 %
Count: 1 Return: 15.00 %
Count: 2 Return: 138.00 %
Count: 1 Return: 37.00 %
Count: 1 Return: 21.00 %
Count: 1 Return: 5.00 %
Count: 5 Return: 9.00 %
Count: 1 Return: -6.00 %
Count: 4 Return: -2.00 %
Count: 4 Return: 7.00 %
Count: 3 Return: -8.00 %
Count: 4 Return: -1.00 %
Count: 16 Return: 4.00 %
Count: 4 Return: 48.00 %
Count: 1 Return: 14.00 %
Count: 2 Return: 1.00 %
Count: 12 Return: -14.00 %
Count: 2 Return: -7.00 %
Count: 1 Return: 3.00 %
Count: 10 Return: -11.00 %
Count: 4 Return: 0.00 %
Count: 38
Note: All performance data is since program inception.

Underwater Curve

Date Range: 07/05 - 04/19
Date: 4/30/2019
Drawdown: -14.87 % Date: 3/31/2019
Drawdown: -16.98 % Date: 2/28/2019
Drawdown: -17.76 % Date: 1/31/2019
Drawdown: -17.97 % Date: 12/31/2018
Drawdown: -17.43 % Date: 11/30/2018
Drawdown: -17.33 % Date: 10/31/2018
Drawdown: -17.21 % Date: 9/30/2018
Drawdown: -14.90 % Date: 8/31/2018
Drawdown: -10.54 % Date: 7/31/2018
Drawdown: -11.78 % Date: 6/30/2018
Drawdown: -11.65 % Date: 5/31/2018
Drawdown: -9.28 % Date: 4/30/2018
Drawdown: -8.06 % Date: 3/31/2018
Drawdown: -8.49 % Date: 2/28/2018
Drawdown: -8.66 % Date: 1/31/2018
Drawdown: -8.49 % Date: 12/31/2017
Drawdown: -8.80 % Date: 11/30/2017
Drawdown: -8.35 % Date: 10/31/2017
Drawdown: -8.25 % Date: 9/30/2017
Drawdown: -8.79 % Date: 8/31/2017
Drawdown: -8.68 % Date: 7/31/2017
Drawdown: -4.66 % Date: 6/30/2017
Drawdown: -5.36 % Date: 5/31/2017
Drawdown: 0.00 % Date: 4/30/2017
Drawdown: -2.58 % Date: 3/31/2017
Drawdown: -1.88 % Date: 2/28/2017
Drawdown: -1.76 % Date: 1/31/2017
Drawdown: -1.61 % Date: 12/31/2016
Drawdown: 0.00 % Date: 11/30/2016
Drawdown: 0.00 % Date: 10/31/2016
Drawdown: -1.32 % Date: 9/30/2016
Drawdown: -1.08 % Date: 8/31/2016
Drawdown: -0.92 % Date: 7/31/2016
Drawdown: 0.00 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: -2.91 % Date: 4/30/2016
Drawdown: -2.75 % Date: 3/31/2016
Drawdown: -4.27 % Date: 2/29/2016
Drawdown: -3.45 % Date: 1/31/2016
Drawdown: -3.06 % Date: 12/31/2015
Drawdown: -3.45 % Date: 11/30/2015
Drawdown: -4.26 % Date: 10/31/2015
Drawdown: -4.08 % Date: 9/30/2015
Drawdown: -3.98 % Date: 8/31/2015
Drawdown: -2.08 % Date: 7/31/2015
Drawdown: -1.93 % Date: 6/30/2015
Drawdown: -1.75 % Date: 5/31/2015
Drawdown: -1.86 % Date: 4/30/2015
Drawdown: -1.48 % Date: 3/31/2015
Drawdown: -1.39 % Date: 2/28/2015
Drawdown: -1.18 % Date: 1/31/2015
Drawdown: -0.68 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -0.19 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: -0.42 % Date: 5/31/2014
Drawdown: -0.31 % Date: 4/30/2014
Drawdown: -0.13 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: -1.99 % Date: 1/31/2014
Drawdown: -1.20 % Date: 12/31/2013
Drawdown: -15.60 % Date: 11/30/2013
Drawdown: -17.68 % Date: 10/31/2013
Drawdown: -16.51 % Date: 9/30/2013
Drawdown: -22.40 % Date: 8/31/2013
Drawdown: -21.27 % Date: 7/31/2013
Drawdown: -22.85 % Date: 6/30/2013
Drawdown: -22.61 % Date: 5/31/2013
Drawdown: -13.24 % Date: 4/30/2013
Drawdown: -14.45 % Date: 3/31/2013
Drawdown: -16.58 % Date: 2/28/2013
Drawdown: -16.48 % Date: 1/31/2013
Drawdown: -17.12 % Date: 12/31/2012
Drawdown: -16.93 % Date: 11/30/2012
Drawdown: -13.71 % Date: 10/31/2012
Drawdown: -3.34 % Date: 9/30/2012
Drawdown: -0.04 % Date: 8/31/2012
Drawdown: -3.58 % Date: 7/31/2012
Drawdown: -5.16 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: -8.22 % Date: 4/30/2012
Drawdown: -11.25 % Date: 3/31/2012
Drawdown: -10.29 % Date: 2/29/2012
Drawdown: -9.30 % Date: 1/31/2012
Drawdown: -12.06 % Date: 12/31/2011
Drawdown: -12.16 % Date: 11/30/2011
Drawdown: -12.05 % Date: 10/31/2011
Drawdown: -11.93 % Date: 9/30/2011
Drawdown: -17.61 % Date: 8/31/2011
Drawdown: -13.89 % Date: 7/31/2011
Drawdown: 0.00 % Date: 6/30/2011
Drawdown: -7.88 % Date: 5/31/2011
Drawdown: 0.00 % Date: 4/30/2011
Drawdown: -4.68 % Date: 3/31/2011
Drawdown: -10.16 % Date: 2/28/2011
Drawdown: -15.07 % Date: 1/31/2011
Drawdown: -29.33 % Date: 12/31/2010
Drawdown: -38.30 % Date: 11/30/2010
Drawdown: -34.73 % Date: 10/31/2010
Drawdown: -32.94 % Date: 9/30/2010
Drawdown: -30.36 % Date: 8/31/2010
Drawdown: -34.36 % Date: 7/31/2010
Drawdown: -38.64 % Date: 6/30/2010
Drawdown: -41.49 % Date: 5/31/2010
Drawdown: -40.90 % Date: 4/30/2010
Drawdown: -33.79 % Date: 3/31/2010
Drawdown: -36.66 % Date: 2/28/2010
Drawdown: -38.48 % Date: 1/31/2010
Drawdown: -34.37 % Date: 12/31/2009
Drawdown: -14.97 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: 0.00 % Date: 9/30/2009
Drawdown: -7.36 % Date: 8/31/2009
Drawdown: -23.76 % Date: 7/31/2009
Drawdown: -2.15 % Date: 6/30/2009
Drawdown: -6.72 % Date: 5/31/2009
Drawdown: -2.01 % Date: 4/30/2009
Drawdown: -7.84 % Date: 3/31/2009
Drawdown: 0.00 % Date: 2/28/2009
Drawdown: -0.70 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: -21.00 % Date: 10/31/2008
Drawdown: -22.43 % Date: 9/30/2008
Drawdown: -12.24 % Date: 8/31/2008
Drawdown: -6.72 % Date: 7/31/2008
Drawdown: -9.97 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: -26.00 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -7.61 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: -4.73 % Date: 10/31/2007
Drawdown: -3.32 % Date: 9/30/2007
Drawdown: -6.14 % Date: 8/31/2007
Drawdown: 0.00 % Date: 7/31/2007
Drawdown: -24.20 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: 0.00 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: 0.00 % Date: 1/31/2007
Drawdown: 0.00 % Date: 12/31/2006
Drawdown: 0.00 % Date: 11/30/2006
Drawdown: -3.79 % Date: 10/31/2006
Drawdown: -11.93 % Date: 9/30/2006
Drawdown: -10.54 % Date: 8/31/2006
Drawdown: -4.80 % Date: 7/31/2006
Drawdown: -5.16 % Date: 6/30/2006
Drawdown: -3.12 % Date: 5/31/2006
Drawdown: -9.33 % Date: 4/30/2006
Drawdown: -1.29 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: 0.00 % Date: 1/31/2006
Drawdown: -14.87 % Date: 12/31/2005
Drawdown: -25.31 % Date: 11/30/2005
Drawdown: -26.21 % Date: 10/31/2005
Drawdown: -14.47 % Date: 9/30/2005
Drawdown: -8.36 % Date: 8/31/2005
Drawdown: -11.20 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Schindler Capital Management, LLC
Address: 22843 Cedar Lane
City: Fergus Falls
State: MN
Zip: 56537
Country: USA

Key People

Name:  Daniel Scott Schindler
Position:  Principal
Biography: 

The Manager is the sole principal, registered associated person, and managing member of the Advisor. He is responsible for all trading decisions and the general management of the firm. The Manager earned a Bachelor of Science degree in Applied Mathematics from the University of Wisconsin-Stout in 1991. The Manager obtained his Series 3 license and was approved as an associated person on February 28, 2003 when he became affiliated with Valley Futures, Inc., a former registered introducing broker and former Member of NFA. In February 2004, the Manager left Valley Futures, Inc. and joined KDM Trading, Inc., a registered introducing broker and Member of NFA. The Manager is a full-time futures trader and broker at KDM Trading, Inc., holding the position of Vice President. The manager has been a listed principal of KDM Trading, Inc. since December 16, 2003 and a registered associated person of KDM Trading, Inc. since February 4, 2004. The Manager has been a listed principal of the Advisor since May 7, 2009 and a registered associated person of the Advisor since June 30, 2009. In November 2006, the Manager established a branch office of KDM Trading, Inc. located in Wausau, Wisconsin. In August 2009, this branch was relocated to Fergus Falls, Minnesota. The Manager’s responsibilities at KDM Trading, Inc. include handling both hedge and speculative customer accounts and writing weekly market commentary and trade recommendations.


Additional Information

 Futures Sectors Traded
 Other Futures Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Trend Following Yes 
 Discretionary Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Medium Term Yes 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $250,000 
 Margin / Equity Ratio: 10% 
 Managed Account Availability: Open