Metolius Capital LLC

Metolius Diversified Systematic Global Macro *QEP*


Monthly Performance (%)

Date Range: 05/10 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -2.29 -1.24 0.88 -0.17   -2.82 
2018 4.51 -4.70 -0.68 -1.19 -1.59 -1.77 -1.56 -1.37 -0.65 1.38 -0.05 2.89  -4.98 
2017 -1.53 -1.50 -0.99 0.56 0.47 0.04 1.39 -0.83 -0.39 0.67 0.13 1.14  -0.89 
2016 3.09 1.30 -2.52 -0.32 -2.42 2.15 0.99 -1.53 -2.07 -0.45 0.43 1.50  -0.04 
2015 8.33 -1.91 -0.61 -2.92 -2.22 -1.05 0.14 -0.51 -0.01 -2.24 2.98 -1.04  -1.55 
2014 -3.34 1.01 -1.28 -1.87 -0.65 0.89 0.44 2.33 5.53 1.97 4.08 2.52  11.88 
2013 2.66 -0.97 0.10 0.75 0.84 -0.99 -2.14 -0.79 -2.89 -0.23 1.74 2.18  0.10 
2012 -0.48 0.93 -1.39 -2.86 1.36 -2.58 1.98 -0.92 -0.21 -2.20 -0.69 2.15  -4.96 
2011 -1.93 1.22 0.17 4.14 -2.85 -0.10 1.22 -0.15 2.25 -3.15 -1.15 0.97  0.40 
2010 1.04 0.37 0.81 3.80 2.22 -1.84 3.72  10.44 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The strategy encompasses highly liquid futures only, providing transparency and scalability through a small team of individuals. The combination of a macro/fundamental approached combined with trend following and price statistics to trigger trades, expressed entirely through a systematic fund, gives a robust return profile that differs from the majority of CTA’s. While price is always the final arbiter, we believe the unique mix of our approach to the analysis of the market, predominantly from a fundamental focus provides diversification and less concentration risk than the traditional CTA model. We deploy a combination of 7 or more strategies, employing numerous individual macro/fundamental models, the combination and weightings of which will be monitored dynamically and maybe adjusted periodically according to the market shifts in sentiment. Account minimums and actual fees may be higher or lower for specific accounts as may be individually negotiated between the CTA and each account holder.

Performance Statistics

Date Range: 05/10 - 04/19
  Program S&P 500 Altegris 40 
Total Return 6.31% 199.78% 10.18% 
Annualized Return 0.69% 12.97% 1.08% 
Annualized Std. Deviation 7.18% 12.37% 8.56% 
Correlation -0.09 0.66 
Sharpe Ratio (rf=2.5%) -0.25 0.85 -0.17 
Worst Month -4.70% -9.03% -6.10% 
Date of Worst Month 02/2018 12/2018 02/2018 
Worst Drawdown -17.94% -16.26% -15.74% 
Date of Worst Drawdown 1/15 - 9/18 4/11 - 9/11 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 05/10 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -2.82 18.24 5.17 
2018 -4.98 -4.38 -4.29 
2017 -0.89 21.84 1.24 
2016 -0.04 11.98 -3.13 
2015 -1.55 1.41 0.09 
2014 11.88 13.69 15.75 
2013 0.10 32.41 -2.45 
2012 -4.96 15.98 -4.75 
2011 0.40 2.12 -3.23 
2010 10.44 16.82 9.79 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 05/10 - 04/19
Date: 4/30/2019
Perf: $1,129.16 Date: 3/31/2019
Perf: $1,098.94 Date: 2/28/2019
Perf: $1,060.86 Date: 1/31/2019
Perf: $1,054.11 Date: 12/31/2018
Perf: $1,073.65 Date: 11/30/2018
Perf: $1,069.16 Date: 10/31/2018
Perf: $1,082.15 Date: 9/30/2018
Perf: $1,109.55 Date: 8/31/2018
Perf: $1,114.57 Date: 7/31/2018
Perf: $1,086.85 Date: 6/30/2018
Perf: $1,095.07 Date: 5/31/2018
Perf: $1,085.95 Date: 4/30/2018
Perf: $1,100.14 Date: 3/31/2018
Perf: $1,088.38 Date: 2/28/2018
Perf: $1,089.36 Date: 1/31/2018
Perf: $1,160.13 Date: 12/31/2017
Perf: $1,121.77 Date: 11/30/2017
Perf: $1,109.67 Date: 10/31/2017
Perf: $1,108.23 Date: 9/30/2017
Perf: $1,063.66 Date: 8/31/2017
Perf: $1,086.59 Date: 7/31/2017
Perf: $1,068.85 Date: 6/30/2017
Perf: $1,064.69 Date: 5/31/2017
Perf: $1,096.72 Date: 4/30/2017
Perf: $1,094.64 Date: 3/31/2017
Perf: $1,101.25 Date: 2/28/2017
Perf: $1,117.56 Date: 1/31/2017
Perf: $1,093.72 Date: 12/31/2016
Perf: $1,108.01 Date: 11/30/2016
Perf: $1,099.66 Date: 10/31/2016
Perf: $1,111.89 Date: 9/30/2016
Perf: $1,141.33 Date: 8/31/2016
Perf: $1,156.25 Date: 7/31/2016
Perf: $1,188.21 Date: 6/30/2016
Perf: $1,176.21 Date: 5/31/2016
Perf: $1,128.26 Date: 4/30/2016
Perf: $1,148.36 Date: 3/31/2016
Perf: $1,177.92 Date: 2/29/2016
Perf: $1,212.73 Date: 1/31/2016
Perf: $1,183.61 Date: 12/31/2015
Perf: $1,143.81 Date: 11/30/2015
Perf: $1,170.74 Date: 10/31/2015
Perf: $1,132.13 Date: 9/30/2015
Perf: $1,152.18 Date: 8/31/2015
Perf: $1,127.71 Date: 7/31/2015
Perf: $1,147.56 Date: 6/30/2015
Perf: $1,104.38 Date: 5/31/2015
Perf: $1,164.96 Date: 4/30/2015
Perf: $1,173.40 Date: 3/31/2015
Perf: $1,220.52 Date: 2/28/2015
Perf: $1,194.13 Date: 1/31/2015
Perf: $1,196.04 Date: 12/31/2014
Perf: $1,142.79 Date: 11/30/2014
Perf: $1,123.02 Date: 10/31/2014
Perf: $1,059.95 Date: 9/30/2014
Perf: $1,044.60 Date: 8/31/2014
Perf: $1,029.26 Date: 7/31/2014
Perf: $987.49 Date: 6/30/2014
Perf: $995.45 Date: 5/31/2014
Perf: $986.97 Date: 4/30/2014
Perf: $962.33 Date: 3/31/2014
Perf: $955.07 Date: 2/28/2014
Perf: $969.42 Date: 1/31/2014
Perf: $961.54 Date: 12/31/2013
Perf: $987.30 Date: 11/30/2013
Perf: $988.69 Date: 10/31/2013
Perf: $971.11 Date: 9/30/2013
Perf: $949.37 Date: 8/31/2013
Perf: $955.10 Date: 7/31/2013
Perf: $973.80 Date: 6/30/2013
Perf: $982.34 Date: 5/31/2013
Perf: $1,021.04 Date: 4/30/2013
Perf: $1,066.92 Date: 3/31/2013
Perf: $1,040.09 Date: 2/28/2013
Perf: $1,025.32 Date: 1/31/2013
Perf: $1,031.30 Date: 12/31/2012
Perf: $1,012.07 Date: 11/30/2012
Perf: $1,007.14 Date: 10/31/2012
Perf: $1,004.33 Date: 9/30/2012
Perf: $1,042.05 Date: 8/31/2012
Perf: $1,059.53 Date: 7/31/2012
Perf: $1,074.14 Date: 6/30/2012
Perf: $1,031.93 Date: 5/31/2012
Perf: $1,072.25 Date: 4/30/2012
Perf: $1,052.26 Date: 3/31/2012
Perf: $1,045.98 Date: 2/29/2012
Perf: $1,070.28 Date: 1/31/2012
Perf: $1,065.91 Date: 12/31/2011
Perf: $1,062.51 Date: 11/30/2011
Perf: $1,052.40 Date: 10/31/2011
Perf: $1,049.25 Date: 9/30/2011
Perf: $1,092.52 Date: 8/31/2011
Perf: $1,093.17 Date: 7/31/2011
Perf: $1,095.37 Date: 6/30/2011
Perf: $1,057.40 Date: 5/31/2011
Perf: $1,085.63 Date: 4/30/2011
Perf: $1,126.76 Date: 3/31/2011
Perf: $1,084.46 Date: 2/28/2011
Perf: $1,101.31 Date: 1/31/2011
Perf: $1,082.90 Date: 12/31/2010
Perf: $1,097.95 Date: 11/30/2010
Perf: $1,052.78 Date: 10/31/2010
Perf: $1,091.42 Date: 9/30/2010
Perf: $1,050.65 Date: 8/31/2010
Perf: $1,031.87 Date: 7/31/2010
Perf: $990.85 Date: 6/30/2010
Perf: $1,003.80 Date: 5/31/2010
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,258.17 Date: 3/31/2019
Perf: $3,131.35 Date: 2/28/2019
Perf: $3,071.76 Date: 1/31/2019
Perf: $2,976.22 Date: 12/31/2018
Perf: $2,755.50 Date: 11/30/2018
Perf: $3,029.02 Date: 10/31/2018
Perf: $2,968.47 Date: 9/30/2018
Perf: $3,186.42 Date: 8/31/2018
Perf: $3,168.36 Date: 7/31/2018
Perf: $3,068.33 Date: 6/30/2018
Perf: $2,958.28 Date: 5/31/2018
Perf: $2,940.05 Date: 4/30/2018
Perf: $2,870.87 Date: 3/31/2018
Perf: $2,860.00 Date: 2/28/2018
Perf: $2,934.54 Date: 1/31/2018
Perf: $3,046.97 Date: 12/31/2017
Perf: $2,881.84 Date: 11/30/2017
Perf: $2,850.20 Date: 10/31/2017
Perf: $2,765.31 Date: 9/30/2017
Perf: $2,702.34 Date: 8/31/2017
Perf: $2,647.80 Date: 7/31/2017
Perf: $2,639.62 Date: 6/30/2017
Perf: $2,586.34 Date: 5/31/2017
Perf: $2,570.40 Date: 4/30/2017
Perf: $2,534.66 Date: 3/31/2017
Perf: $2,508.82 Date: 2/28/2017
Perf: $2,505.81 Date: 1/31/2017
Perf: $2,410.13 Date: 12/31/2016
Perf: $2,365.19 Date: 11/30/2016
Perf: $2,319.27 Date: 10/31/2016
Perf: $2,236.52 Date: 9/30/2016
Perf: $2,277.98 Date: 8/31/2016
Perf: $2,277.52 Date: 7/31/2016
Perf: $2,274.34 Date: 6/30/2016
Perf: $2,193.40 Date: 5/31/2016
Perf: $2,187.72 Date: 4/30/2016
Perf: $2,149.03 Date: 3/31/2016
Perf: $2,140.68 Date: 2/29/2016
Perf: $2,004.76 Date: 1/31/2016
Perf: $2,007.37 Date: 12/31/2015
Perf: $2,112.13 Date: 11/30/2015
Perf: $2,146.04 Date: 10/31/2015
Perf: $2,139.62 Date: 9/30/2015
Perf: $1,973.09 Date: 8/31/2015
Perf: $2,023.06 Date: 7/31/2015
Perf: $2,152.88 Date: 6/30/2015
Perf: $2,108.60 Date: 5/31/2015
Perf: $2,150.32 Date: 4/30/2015
Perf: $2,122.93 Date: 3/31/2015
Perf: $2,102.74 Date: 2/28/2015
Perf: $2,136.50 Date: 1/31/2015
Perf: $2,020.33 Date: 12/31/2014
Perf: $2,082.82 Date: 11/30/2014
Perf: $2,088.04 Date: 10/31/2014
Perf: $2,033.34 Date: 9/30/2014
Perf: $1,984.91 Date: 8/31/2014
Perf: $2,013.09 Date: 7/31/2014
Perf: $1,935.66 Date: 6/30/2014
Perf: $1,962.75 Date: 5/31/2014
Perf: $1,922.94 Date: 4/30/2014
Perf: $1,878.79 Date: 3/31/2014
Perf: $1,864.99 Date: 2/28/2014
Perf: $1,849.46 Date: 1/31/2014
Perf: $1,768.63 Date: 12/31/2013
Perf: $1,832.02 Date: 11/30/2013
Perf: $1,786.81 Date: 10/31/2013
Perf: $1,733.93 Date: 9/30/2013
Perf: $1,657.67 Date: 8/31/2013
Perf: $1,607.21 Date: 7/31/2013
Perf: $1,655.21 Date: 6/30/2013
Perf: $1,575.04 Date: 5/31/2013
Perf: $1,596.43 Date: 4/30/2013
Perf: $1,559.93 Date: 3/31/2013
Perf: $1,530.39 Date: 2/28/2013
Perf: $1,475.08 Date: 1/31/2013
Perf: $1,455.29 Date: 12/31/2012
Perf: $1,383.61 Date: 11/30/2012
Perf: $1,371.14 Date: 10/31/2012
Perf: $1,363.23 Date: 9/30/2012
Perf: $1,388.93 Date: 8/31/2012
Perf: $1,353.99 Date: 7/31/2012
Perf: $1,324.20 Date: 6/30/2012
Perf: $1,306.04 Date: 5/31/2012
Perf: $1,254.36 Date: 4/30/2012
Perf: $1,334.57 Date: 3/31/2012
Perf: $1,343.03 Date: 2/29/2012
Perf: $1,300.25 Date: 1/31/2012
Perf: $1,246.41 Date: 12/31/2011
Perf: $1,192.96 Date: 11/30/2011
Perf: $1,180.92 Date: 10/31/2011
Perf: $1,183.52 Date: 9/30/2011
Perf: $1,066.91 Date: 8/31/2011
Perf: $1,147.59 Date: 7/31/2011
Perf: $1,213.48 Date: 6/30/2011
Perf: $1,238.62 Date: 5/31/2011
Perf: $1,259.66 Date: 4/30/2011
Perf: $1,274.05 Date: 3/31/2011
Perf: $1,237.43 Date: 2/28/2011
Perf: $1,236.93 Date: 1/31/2011
Perf: $1,195.91 Date: 12/31/2010
Perf: $1,168.22 Date: 11/30/2010
Perf: $1,095.07 Date: 10/31/2010
Perf: $1,094.96 Date: 9/30/2010
Perf: $1,054.78 Date: 8/31/2010
Perf: $968.40 Date: 7/31/2010
Perf: $1,014.13 Date: 6/30/2010
Perf: $947.70 Date: 5/31/2010
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,063.06 Date: 3/31/2019
Perf: $1,064.87 Date: 2/28/2019
Perf: $1,055.58 Date: 1/31/2019
Perf: $1,068.83 Date: 12/31/2018
Perf: $1,093.88 Date: 11/30/2018
Perf: $1,063.16 Date: 10/31/2018
Perf: $1,063.69 Date: 9/30/2018
Perf: $1,049.21 Date: 8/31/2018
Perf: $1,056.08 Date: 7/31/2018
Perf: $1,070.74 Date: 6/30/2018
Perf: $1,087.71 Date: 5/31/2018
Perf: $1,107.31 Date: 4/30/2018
Perf: $1,125.20 Date: 3/31/2018
Perf: $1,138.75 Date: 2/28/2018
Perf: $1,146.55 Date: 1/31/2018
Perf: $1,203.10 Date: 12/31/2017
Perf: $1,151.18 Date: 11/30/2017
Perf: $1,138.20 Date: 10/31/2017
Perf: $1,136.72 Date: 9/30/2017
Perf: $1,129.16 Date: 8/31/2017
Perf: $1,133.58 Date: 7/31/2017
Perf: $1,143.07 Date: 6/30/2017
Perf: $1,127.40 Date: 5/31/2017
Perf: $1,126.95 Date: 4/30/2017
Perf: $1,121.67 Date: 3/31/2017
Perf: $1,115.43 Date: 2/28/2017
Perf: $1,126.58 Date: 1/31/2017
Perf: $1,143.74 Date: 12/31/2016
Perf: $1,161.51 Date: 11/30/2016
Perf: $1,144.34 Date: 10/31/2016
Perf: $1,139.44 Date: 9/30/2016
Perf: $1,144.59 Date: 8/31/2016
Perf: $1,168.79 Date: 7/31/2016
Perf: $1,186.95 Date: 6/30/2016
Perf: $1,175.31 Date: 5/31/2016
Perf: $1,150.58 Date: 4/30/2016
Perf: $1,179.11 Date: 3/31/2016
Perf: $1,182.90 Date: 2/29/2016
Perf: $1,213.47 Date: 1/31/2016
Perf: $1,197.90 Date: 12/31/2015
Perf: $1,162.00 Date: 11/30/2015
Perf: $1,174.21 Date: 10/31/2015
Perf: $1,140.23 Date: 9/30/2015
Perf: $1,166.36 Date: 8/31/2015
Perf: $1,166.47 Date: 7/31/2015
Perf: $1,172.45 Date: 6/30/2015
Perf: $1,170.81 Date: 5/31/2015
Perf: $1,183.24 Date: 4/30/2015
Perf: $1,210.10 Date: 3/31/2015
Perf: $1,246.50 Date: 2/28/2015
Perf: $1,254.15 Date: 1/31/2015
Perf: $1,278.57 Date: 12/31/2014
Perf: $1,180.25 Date: 11/30/2014
Perf: $1,151.24 Date: 10/31/2014
Perf: $1,106.11 Date: 9/30/2014
Perf: $1,084.74 Date: 8/31/2014
Perf: $1,027.90 Date: 7/31/2014
Perf: $1,004.50 Date: 6/30/2014
Perf: $1,000.10 Date: 5/31/2014
Perf: $991.27 Date: 4/30/2014
Perf: $997.76 Date: 3/31/2014
Perf: $1,016.77 Date: 2/28/2014
Perf: $1,029.96 Date: 1/31/2014
Perf: $1,019.66 Date: 12/31/2013
Perf: $1,054.89 Date: 11/30/2013
Perf: $1,032.38 Date: 10/31/2013
Perf: $1,014.73 Date: 9/30/2013
Perf: $1,017.07 Date: 8/31/2013
Perf: $1,047.34 Date: 7/31/2013
Perf: $1,055.68 Date: 6/30/2013
Perf: $1,078.76 Date: 5/31/2013
Perf: $1,089.55 Date: 4/30/2013
Perf: $1,080.47 Date: 3/31/2013
Perf: $1,072.43 Date: 2/28/2013
Perf: $1,071.36 Date: 1/31/2013
Perf: $1,081.85 Date: 12/31/2012
Perf: $1,053.82 Date: 11/30/2012
Perf: $1,031.64 Date: 10/31/2012
Perf: $1,038.81 Date: 9/30/2012
Perf: $1,062.17 Date: 8/31/2012
Perf: $1,064.41 Date: 7/31/2012
Perf: $1,074.29 Date: 6/30/2012
Perf: $1,053.44 Date: 5/31/2012
Perf: $1,081.33 Date: 4/30/2012
Perf: $1,066.83 Date: 3/31/2012
Perf: $1,098.23 Date: 2/29/2012
Perf: $1,113.72 Date: 1/31/2012
Perf: $1,103.45 Date: 12/31/2011
Perf: $1,108.78 Date: 11/30/2011
Perf: $1,098.12 Date: 10/31/2011
Perf: $1,110.90 Date: 9/30/2011
Perf: $1,147.03 Date: 8/31/2011
Perf: $1,121.79 Date: 7/31/2011
Perf: $1,123.48 Date: 6/30/2011
Perf: $1,109.93 Date: 5/31/2011
Perf: $1,111.05 Date: 4/30/2011
Perf: $1,143.64 Date: 3/31/2011
Perf: $1,098.17 Date: 2/28/2011
Perf: $1,096.31 Date: 1/31/2011
Perf: $1,083.10 Date: 12/31/2010
Perf: $1,104.41 Date: 11/30/2010
Perf: $1,064.80 Date: 10/31/2010
Perf: $1,084.76 Date: 9/30/2010
Perf: $1,061.20 Date: 8/31/2010
Perf: $1,022.35 Date: 7/31/2010
Perf: $1,014.14 Date: 6/30/2010
Perf: $1,010.40 Date: 5/31/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 05/10 - 04/19
Date: 4/30/2019
Return: -0.17 % Date: 3/31/2019
Return: 0.88 % Date: 2/28/2019
Return: -1.24 % Date: 1/31/2019
Return: -2.29 % Date: 12/31/2018
Return: 2.89 % Date: 11/30/2018
Return: -0.05 % Date: 10/31/2018
Return: 1.38 % Date: 9/30/2018
Return: -0.65 % Date: 8/31/2018
Return: -1.37 % Date: 7/31/2018
Return: -1.56 % Date: 6/30/2018
Return: -1.77 % Date: 5/31/2018
Return: -1.59 % Date: 4/30/2018
Return: -1.19 % Date: 3/31/2018
Return: -0.68 % Date: 2/28/2018
Return: -4.70 % Date: 1/31/2018
Return: 4.51 % Date: 12/31/2017
Return: 1.14 % Date: 11/30/2017
Return: 0.13 % Date: 10/31/2017
Return: 0.67 % Date: 9/30/2017
Return: -0.39 % Date: 8/31/2017
Return: -0.83 % Date: 7/31/2017
Return: 1.39 % Date: 6/30/2017
Return: 0.04 % Date: 5/31/2017
Return: 0.47 % Date: 4/30/2017
Return: 0.56 % Date: 3/31/2017
Return: -0.99 % Date: 2/28/2017
Return: -1.50 % Date: 1/31/2017
Return: -1.53 % Date: 12/31/2016
Return: 1.50 % Date: 11/30/2016
Return: 0.43 % Date: 10/31/2016
Return: -0.45 % Date: 9/30/2016
Return: -2.07 % Date: 8/31/2016
Return: -1.53 % Date: 7/31/2016
Return: 0.99 % Date: 6/30/2016
Return: 2.15 % Date: 5/31/2016
Return: -2.42 % Date: 4/30/2016
Return: -0.32 % Date: 3/31/2016
Return: -2.52 % Date: 2/29/2016
Return: 1.30 % Date: 1/31/2016
Return: 3.09 % Date: 12/31/2015
Return: -1.04 % Date: 11/30/2015
Return: 2.98 % Date: 10/31/2015
Return: -2.24 % Date: 9/30/2015
Return: -0.01 % Date: 8/31/2015
Return: -0.51 % Date: 7/31/2015
Return: 0.14 % Date: 6/30/2015
Return: -1.05 % Date: 5/31/2015
Return: -2.22 % Date: 4/30/2015
Return: -2.92 % Date: 3/31/2015
Return: -0.61 % Date: 2/28/2015
Return: -1.91 % Date: 1/31/2015
Return: 8.33 % Date: 12/31/2014
Return: 2.52 % Date: 11/30/2014
Return: 4.08 % Date: 10/31/2014
Return: 1.97 % Date: 9/30/2014
Return: 5.53 % Date: 8/31/2014
Return: 2.33 % Date: 7/31/2014
Return: 0.44 % Date: 6/30/2014
Return: 0.89 % Date: 5/31/2014
Return: -0.65 % Date: 4/30/2014
Return: -1.87 % Date: 3/31/2014
Return: -1.28 % Date: 2/28/2014
Return: 1.01 % Date: 1/31/2014
Return: -3.34 % Date: 12/31/2013
Return: 2.18 % Date: 11/30/2013
Return: 1.74 % Date: 10/31/2013
Return: -0.23 % Date: 9/30/2013
Return: -2.89 % Date: 8/31/2013
Return: -0.79 % Date: 7/31/2013
Return: -2.14 % Date: 6/30/2013
Return: -0.99 % Date: 5/31/2013
Return: 0.84 % Date: 4/30/2013
Return: 0.75 % Date: 3/31/2013
Return: 0.10 % Date: 2/28/2013
Return: -0.97 % Date: 1/31/2013
Return: 2.66 % Date: 12/31/2012
Return: 2.15 % Date: 11/30/2012
Return: -0.69 % Date: 10/31/2012
Return: -2.20 % Date: 9/30/2012
Return: -0.21 % Date: 8/31/2012
Return: -0.92 % Date: 7/31/2012
Return: 1.98 % Date: 6/30/2012
Return: -2.58 % Date: 5/31/2012
Return: 1.36 % Date: 4/30/2012
Return: -2.86 % Date: 3/31/2012
Return: -1.39 % Date: 2/29/2012
Return: 0.93 % Date: 1/31/2012
Return: -0.48 % Date: 12/31/2011
Return: 0.97 % Date: 11/30/2011
Return: -1.15 % Date: 10/31/2011
Return: -3.15 % Date: 9/30/2011
Return: 2.25 % Date: 8/31/2011
Return: -0.15 % Date: 7/31/2011
Return: 1.22 % Date: 6/30/2011
Return: -0.10 % Date: 5/31/2011
Return: -2.85 % Date: 4/30/2011
Return: 4.14 % Date: 3/31/2011
Return: 0.17 % Date: 2/28/2011
Return: 1.22 % Date: 1/31/2011
Return: -1.93 % Date: 12/31/2010
Return: 3.72 % Date: 11/30/2010
Return: -1.84 % Date: 10/31/2010
Return: 2.22 % Date: 9/30/2010
Return: 3.80 % Date: 8/31/2010
Return: 0.81 % Date: 7/31/2010
Return: 0.37 % Date: 6/30/2010
Return: 1.04 % Date: 5/31/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 05/10 - 04/19
Return: -5.00 %
Count: 1 Return: 5.00 %
Count: 1 Return: 8.00 %
Count: 1 Return: 6.00 %
Count: 1 Return: 3.00 %
Count: 5 Return: -1.00 %
Count: 20 Return: -3.00 %
Count: 8 Return: -2.00 %
Count: 17 Return: 2.00 %
Count: 10 Return: 4.00 %
Count: 4 Return: 1.00 %
Count: 19 Return: 0.00 %
Count: 21
Note: All performance data is since program inception.

Underwater Curve

Date Range: 05/10 - 04/19
Date: 4/30/2019
Drawdown: -16.86 % Date: 3/31/2019
Drawdown: -16.71 % Date: 2/28/2019
Drawdown: -17.44 % Date: 1/31/2019
Drawdown: -16.40 % Date: 12/31/2018
Drawdown: -14.44 % Date: 11/30/2018
Drawdown: -16.85 % Date: 10/31/2018
Drawdown: -16.81 % Date: 9/30/2018
Drawdown: -17.94 % Date: 8/31/2018
Drawdown: -17.40 % Date: 7/31/2018
Drawdown: -16.25 % Date: 6/30/2018
Drawdown: -14.93 % Date: 5/31/2018
Drawdown: -13.39 % Date: 4/30/2018
Drawdown: -12.00 % Date: 3/31/2018
Drawdown: -10.94 % Date: 2/28/2018
Drawdown: -10.33 % Date: 1/31/2018
Drawdown: -5.90 % Date: 12/31/2017
Drawdown: -9.96 % Date: 11/30/2017
Drawdown: -10.98 % Date: 10/31/2017
Drawdown: -11.09 % Date: 9/30/2017
Drawdown: -11.69 % Date: 8/31/2017
Drawdown: -11.34 % Date: 7/31/2017
Drawdown: -10.60 % Date: 6/30/2017
Drawdown: -11.82 % Date: 5/31/2017
Drawdown: -11.86 % Date: 4/30/2017
Drawdown: -12.27 % Date: 3/31/2017
Drawdown: -12.76 % Date: 2/28/2017
Drawdown: -11.89 % Date: 1/31/2017
Drawdown: -10.55 % Date: 12/31/2016
Drawdown: -9.16 % Date: 11/30/2016
Drawdown: -10.50 % Date: 10/31/2016
Drawdown: -10.88 % Date: 9/30/2016
Drawdown: -10.48 % Date: 8/31/2016
Drawdown: -8.59 % Date: 7/31/2016
Drawdown: -7.17 % Date: 6/30/2016
Drawdown: -8.08 % Date: 5/31/2016
Drawdown: -10.01 % Date: 4/30/2016
Drawdown: -7.78 % Date: 3/31/2016
Drawdown: -7.48 % Date: 2/29/2016
Drawdown: -5.09 % Date: 1/31/2016
Drawdown: -6.31 % Date: 12/31/2015
Drawdown: -9.12 % Date: 11/30/2015
Drawdown: -8.16 % Date: 10/31/2015
Drawdown: -10.82 % Date: 9/30/2015
Drawdown: -8.78 % Date: 8/31/2015
Drawdown: -8.77 % Date: 7/31/2015
Drawdown: -8.30 % Date: 6/30/2015
Drawdown: -8.43 % Date: 5/31/2015
Drawdown: -7.46 % Date: 4/30/2015
Drawdown: -5.36 % Date: 3/31/2015
Drawdown: -2.51 % Date: 2/28/2015
Drawdown: -1.91 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -3.57 % Date: 9/30/2014
Drawdown: -5.43 % Date: 8/31/2014
Drawdown: -10.39 % Date: 7/31/2014
Drawdown: -12.43 % Date: 6/30/2014
Drawdown: -12.81 % Date: 5/31/2014
Drawdown: -13.58 % Date: 4/30/2014
Drawdown: -13.01 % Date: 3/31/2014
Drawdown: -11.36 % Date: 2/28/2014
Drawdown: -10.21 % Date: 1/31/2014
Drawdown: -11.10 % Date: 12/31/2013
Drawdown: -8.03 % Date: 11/30/2013
Drawdown: -9.99 % Date: 10/31/2013
Drawdown: -11.53 % Date: 9/30/2013
Drawdown: -11.33 % Date: 8/31/2013
Drawdown: -8.69 % Date: 7/31/2013
Drawdown: -7.96 % Date: 6/30/2013
Drawdown: -5.95 % Date: 5/31/2013
Drawdown: -5.01 % Date: 4/30/2013
Drawdown: -5.80 % Date: 3/31/2013
Drawdown: -6.50 % Date: 2/28/2013
Drawdown: -6.60 % Date: 1/31/2013
Drawdown: -5.68 % Date: 12/31/2012
Drawdown: -8.13 % Date: 11/30/2012
Drawdown: -10.06 % Date: 10/31/2012
Drawdown: -9.44 % Date: 9/30/2012
Drawdown: -7.40 % Date: 8/31/2012
Drawdown: -7.20 % Date: 7/31/2012
Drawdown: -6.34 % Date: 6/30/2012
Drawdown: -8.16 % Date: 5/31/2012
Drawdown: -5.73 % Date: 4/30/2012
Drawdown: -6.99 % Date: 3/31/2012
Drawdown: -4.25 % Date: 2/29/2012
Drawdown: -2.90 % Date: 1/31/2012
Drawdown: -3.80 % Date: 12/31/2011
Drawdown: -3.34 % Date: 11/30/2011
Drawdown: -4.26 % Date: 10/31/2011
Drawdown: -3.15 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -1.91 % Date: 7/31/2011
Drawdown: -1.76 % Date: 6/30/2011
Drawdown: -2.95 % Date: 5/31/2011
Drawdown: -2.85 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -0.56 % Date: 2/28/2011
Drawdown: -0.73 % Date: 1/31/2011
Drawdown: -1.93 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: -1.84 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Metolius Capital LLC
Address: 120 East Liberty Drive, Suite 220
City: Wheaton
State: IL
Zip: 60187
Country: USA

Key People

Name:  Thomas Mazza
Position:  Principal
Biography: 

The Manager is the co-founder and a manager of the General Partner. He is also a director of the Master Fund and the Offshore Feeder Fund. Over the last decade, the Manager has been trading his own accounts while employing a team of proprietary traders and quantitative analysts with two long time partners out of their office in Chicago’s west suburbs. The Manager has 23 years of full time experience and has traded over 70 million futures contracts, all for his own account. He also wrote and executed his first futures trading system in 1990. The Manager has been registered with the NFA since July 1993. He graduated from Marquette University in 1987 with a degree in finance.


Name:  Ross Crotinger
Position:  Principal
Biography: 

The Manager is the co-founder and a manager of the General Partner. He is also a director of the Master Fund and the Offshore Feeder Fund. Prior to forming the General Partner, Ross was an Assistant Vice President of Institutional Sales at Newedge USA, LLC, formerly FIMAT USA, LLC, where he was registered as an AP from June 2005 through December 2009. At Newedge, the Manager was a broker and relationship manager for CTA and hedge fund clients who cumulatively managed more than $50 billion in customer assets. Prior to joining Newedge/FIMAT, he was a senior sales trader on the global futures sales desk at Lehman Brothers in Chicago where he was registered as an AP from August 2000 to June 2005. During the Manager’s time at Lehman Brothers, he handled the major client lines, managed several important relationships and worked with very high level clients and Lehman colleagues in implementing large and sophisticated client and proprietary transactions. The Manager has been researching and trading his own trading systems for numerous years with his own funds. He graduated in 1987 from the University of Illinois with a degree in agricultural economics. He continued his education at Loyola University in Chicago, earning an MBA in finance in 1991.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Mini-Futures Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Trend Following Yes 
 Macro-economic Yes 
 Systematic Yes 
 Diversified Yes 
 Instruments Traded
 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: $4,000,000 
 Margin / Equity Ratio: 6% 
 Managed Account Availability: Open