Quantica Capital AG

Quantica Managed Futures Program *QEP*


Monthly Performance (%)

Date Range: 12/04 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 4.20 0.10 6.60 1.80   13.19 
2018 4.80 -4.00 -1.40 0.10 -2.70 1.20 0.60 2.90 -2.00 -7.30 1.80 3.00  -3.59 
2017 -1.00 4.30 0.10 1.70 2.30 -4.10 0.60 2.70 -3.70 4.90 2.10 0.90  10.88 
2016 5.90 2.90 -2.80 0.70 -0.70 6.00 0.10 -2.70 0.50 -3.60 -0.80 2.50  7.72 
2015 3.40 -1.10 1.20 -2.90 -0.10 -4.00 -0.80 -8.90 3.00 -1.80 -0.70 -3.30  -15.41 
2014 -3.30 3.70 0.20 0.50 1.30 2.10 -0.50 1.90 0.30 0.90 4.90 1.80  14.44 
2013 6.74 -1.20 2.40 1.55 -0.80 -4.42 2.00 -2.20 3.00 2.50 1.00 -0.10  10.49 
2012 0.56 2.10 -0.30 -1.60 -1.20 -2.11 4.31 -2.55 -0.52 -2.89 0.50 -0.39  -4.23 
2011 0.03 3.23 -2.76 4.45 -3.02 -3.07 5.53 5.33 -0.13 -1.25 0.00 0.88  9.03 
2010 -3.28 2.47 2.39 1.61 -2.79 0.89 -1.09 4.74 -0.80 1.79 -1.49 4.25  8.64 
2009 -0.74 0.45 0.93 -0.71 2.26 -3.11 1.46 1.03 2.02 -3.21 4.51 -3.41  1.15 
2008 6.61 2.84 2.03 -0.02 0.36 1.37 -3.43 -1.94 -0.96 4.77 4.17 2.01  18.81 
2007 1.30 -1.35 -0.76 3.84 2.85 1.17 -5.36 -4.71 5.20 2.26 1.20 0.56  5.79 
2006 4.05 -1.16 5.21 5.54 -4.04 -3.42 -0.66 1.58 0.69 1.28 1.64 0.58  11.34 
2005 -1.52 -2.39 -1.10 1.05 4.98 1.91 3.96 3.45 12.38 -4.74 4.50 2.47  26.71 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Quantica Managed Futures is a systematic medium-term trend-following investment strategy trading liquid futures and FX forward markets within equities, commodities, currencies, fixed income and interest rates. The investment strategy trades more than 60 instruments with liquid exposure to global markets and is based on proprietary quantitative models that statistically identify trends in market price movements. The strategy uses sophisticated dynamic risk management techniques and focuses on liquid instruments.

Performance Statistics

Date Range: 12/04 - 04/19
  Program S&P 500 Altegris 40 
Total Return 183.66% 238.73% 45.88% 
Annualized Return 7.55% 8.83% 2.65% 
Annualized Std. Deviation 10.43% 13.78% 8.81% 
Correlation 0.16 0.72 
Sharpe Ratio (rf=2.5%) 0.48 0.46 0.02 
Worst Month -8.90% -16.79% -6.10% 
Date of Worst Month 08/2015 10/2008 02/2018 
Worst Drawdown -18.26% -50.95% -15.74% 
Date of Worst Drawdown 3/15 - 12/15 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 12/04 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 13.19 18.24 5.17 
2018 -3.59 -4.38 -4.29 
2017 10.88 21.84 1.24 
2016 7.72 11.98 -3.13 
2015 -15.41 1.41 0.09 
2014 14.44 13.69 15.75 
2013 10.49 32.41 -2.45 
2012 -4.23 15.98 -4.75 
2011 9.03 2.12 -3.23 
2010 8.64 15.06 11.33 
2009 1.15 26.45 -7.98 
2008 18.81 -36.99 15.47 
2007 5.79 5.50 7.18 
2006 11.34 15.79 6.70 
2005 26.71 4.89 4.51 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 12/04 - 04/19
Date: 4/30/2019
Perf: $1,454.02 Date: 3/31/2019
Perf: $1,415.10 Date: 2/28/2019
Perf: $1,366.06 Date: 1/31/2019
Perf: $1,357.37 Date: 12/31/2018
Perf: $1,382.54 Date: 11/30/2018
Perf: $1,376.75 Date: 10/31/2018
Perf: $1,393.48 Date: 9/30/2018
Perf: $1,428.77 Date: 8/31/2018
Perf: $1,435.23 Date: 7/31/2018
Perf: $1,399.54 Date: 6/30/2018
Perf: $1,410.11 Date: 5/31/2018
Perf: $1,398.37 Date: 4/30/2018
Perf: $1,416.64 Date: 3/31/2018
Perf: $1,401.51 Date: 2/28/2018
Perf: $1,402.77 Date: 1/31/2018
Perf: $1,493.90 Date: 12/31/2017
Perf: $1,444.49 Date: 11/30/2017
Perf: $1,428.92 Date: 10/31/2017
Perf: $1,427.06 Date: 9/30/2017
Perf: $1,369.67 Date: 8/31/2017
Perf: $1,399.20 Date: 7/31/2017
Perf: $1,376.35 Date: 6/30/2017
Perf: $1,371.00 Date: 5/31/2017
Perf: $1,412.24 Date: 4/30/2017
Perf: $1,409.56 Date: 3/31/2017
Perf: $1,418.07 Date: 2/28/2017
Perf: $1,439.08 Date: 1/31/2017
Perf: $1,408.38 Date: 12/31/2016
Perf: $1,426.78 Date: 11/30/2016
Perf: $1,416.02 Date: 10/31/2016
Perf: $1,431.77 Date: 9/30/2016
Perf: $1,469.69 Date: 8/31/2016
Perf: $1,488.90 Date: 7/31/2016
Perf: $1,530.05 Date: 6/30/2016
Perf: $1,514.61 Date: 5/31/2016
Perf: $1,452.86 Date: 4/30/2016
Perf: $1,478.74 Date: 3/31/2016
Perf: $1,516.81 Date: 2/29/2016
Perf: $1,561.63 Date: 1/31/2016
Perf: $1,524.13 Date: 12/31/2015
Perf: $1,472.88 Date: 11/30/2015
Perf: $1,507.55 Date: 10/31/2015
Perf: $1,457.84 Date: 9/30/2015
Perf: $1,483.65 Date: 8/31/2015
Perf: $1,452.14 Date: 7/31/2015
Perf: $1,477.71 Date: 6/30/2015
Perf: $1,422.10 Date: 5/31/2015
Perf: $1,500.11 Date: 4/30/2015
Perf: $1,510.99 Date: 3/31/2015
Perf: $1,571.65 Date: 2/28/2015
Perf: $1,537.67 Date: 1/31/2015
Perf: $1,540.14 Date: 12/31/2014
Perf: $1,471.56 Date: 11/30/2014
Perf: $1,446.11 Date: 10/31/2014
Perf: $1,364.90 Date: 9/30/2014
Perf: $1,345.12 Date: 8/31/2014
Perf: $1,325.38 Date: 7/31/2014
Perf: $1,271.59 Date: 6/30/2014
Perf: $1,281.84 Date: 5/31/2014
Perf: $1,270.91 Date: 4/30/2014
Perf: $1,239.19 Date: 3/31/2014
Perf: $1,229.84 Date: 2/28/2014
Perf: $1,248.32 Date: 1/31/2014
Perf: $1,238.17 Date: 12/31/2013
Perf: $1,271.35 Date: 11/30/2013
Perf: $1,273.13 Date: 10/31/2013
Perf: $1,250.50 Date: 9/30/2013
Perf: $1,222.50 Date: 8/31/2013
Perf: $1,229.88 Date: 7/31/2013
Perf: $1,253.96 Date: 6/30/2013
Perf: $1,264.96 Date: 5/31/2013
Perf: $1,314.79 Date: 4/30/2013
Perf: $1,373.87 Date: 3/31/2013
Perf: $1,339.31 Date: 2/28/2013
Perf: $1,320.30 Date: 1/31/2013
Perf: $1,328.00 Date: 12/31/2012
Perf: $1,303.24 Date: 11/30/2012
Perf: $1,296.89 Date: 10/31/2012
Perf: $1,293.27 Date: 9/30/2012
Perf: $1,341.84 Date: 8/31/2012
Perf: $1,364.35 Date: 7/31/2012
Perf: $1,383.16 Date: 6/30/2012
Perf: $1,328.82 Date: 5/31/2012
Perf: $1,380.73 Date: 4/30/2012
Perf: $1,354.99 Date: 3/31/2012
Perf: $1,346.90 Date: 2/29/2012
Perf: $1,378.19 Date: 1/31/2012
Perf: $1,372.56 Date: 12/31/2011
Perf: $1,368.18 Date: 11/30/2011
Perf: $1,355.17 Date: 10/31/2011
Perf: $1,351.12 Date: 9/30/2011
Perf: $1,406.83 Date: 8/31/2011
Perf: $1,407.68 Date: 7/31/2011
Perf: $1,410.50 Date: 6/30/2011
Perf: $1,361.61 Date: 5/31/2011
Perf: $1,397.96 Date: 4/30/2011
Perf: $1,450.92 Date: 3/31/2011
Perf: $1,396.46 Date: 2/28/2011
Perf: $1,418.16 Date: 1/31/2011
Perf: $1,394.45 Date: 12/31/2010
Perf: $1,413.82 Date: 11/30/2010
Perf: $1,355.66 Date: 10/31/2010
Perf: $1,405.41 Date: 9/30/2010
Perf: $1,352.92 Date: 8/31/2010
Perf: $1,328.74 Date: 7/31/2010
Perf: $1,275.91 Date: 6/30/2010
Perf: $1,292.59 Date: 5/31/2010
Perf: $1,287.70 Date: 4/30/2010
Perf: $1,319.63 Date: 3/31/2010
Perf: $1,299.62 Date: 2/28/2010
Perf: $1,249.99 Date: 1/31/2010
Perf: $1,238.35 Date: 12/31/2009
Perf: $1,269.97 Date: 11/30/2009
Perf: $1,322.89 Date: 10/31/2009
Perf: $1,271.64 Date: 9/30/2009
Perf: $1,305.05 Date: 8/31/2009
Perf: $1,274.71 Date: 7/31/2009
Perf: $1,270.52 Date: 6/30/2009
Perf: $1,271.92 Date: 5/31/2009
Perf: $1,306.68 Date: 4/30/2009
Perf: $1,288.89 Date: 3/31/2009
Perf: $1,332.46 Date: 2/28/2009
Perf: $1,370.42 Date: 1/31/2009
Perf: $1,371.11 Date: 12/31/2008
Perf: $1,380.08 Date: 11/30/2008
Perf: $1,345.50 Date: 10/31/2008
Perf: $1,297.87 Date: 9/30/2008
Perf: $1,234.30 Date: 8/31/2008
Perf: $1,231.71 Date: 7/31/2008
Perf: $1,265.50 Date: 6/30/2008
Perf: $1,326.38 Date: 5/31/2008
Perf: $1,291.89 Date: 4/30/2008
Perf: $1,265.82 Date: 3/31/2008
Perf: $1,280.54 Date: 2/29/2008
Perf: $1,286.20 Date: 1/31/2008
Perf: $1,216.96 Date: 12/31/2007
Perf: $1,195.20 Date: 11/30/2007
Perf: $1,197.96 Date: 10/31/2007
Perf: $1,205.80 Date: 9/30/2007
Perf: $1,155.97 Date: 8/31/2007
Perf: $1,104.40 Date: 7/31/2007
Perf: $1,147.19 Date: 6/30/2007
Perf: $1,183.77 Date: 5/31/2007
Perf: $1,150.52 Date: 4/30/2007
Perf: $1,110.86 Date: 3/31/2007
Perf: $1,066.08 Date: 2/28/2007
Perf: $1,091.63 Date: 1/31/2007
Perf: $1,134.16 Date: 12/31/2006
Perf: $1,115.09 Date: 11/30/2006
Perf: $1,078.63 Date: 10/31/2006
Perf: $1,052.84 Date: 9/30/2006
Perf: $1,041.38 Date: 8/31/2006
Perf: $1,052.54 Date: 7/31/2006
Perf: $1,040.88 Date: 6/30/2006
Perf: $1,056.52 Date: 5/31/2006
Perf: $1,071.19 Date: 4/30/2006
Perf: $1,100.35 Date: 3/31/2006
Perf: $1,074.14 Date: 2/28/2006
Perf: $1,046.11 Date: 1/31/2006
Perf: $1,065.07 Date: 12/31/2005
Perf: $1,045.11 Date: 11/30/2005
Perf: $1,064.37 Date: 10/31/2005
Perf: $1,020.59 Date: 9/30/2005
Perf: $1,018.96 Date: 8/31/2005
Perf: $1,003.50 Date: 7/31/2005
Perf: $998.11 Date: 6/30/2005
Perf: $997.51 Date: 5/31/2005
Perf: $964.62 Date: 4/30/2005
Perf: $935.71 Date: 3/31/2005
Perf: $959.21 Date: 2/28/2005
Perf: $964.61 Date: 1/31/2005
Perf: $958.00 Date: 12/31/2004
Perf: $1,000.00 Date: 4/30/2019
Perf: $3,275.91 Date: 3/31/2019
Perf: $3,148.40 Date: 2/28/2019
Perf: $3,088.49 Date: 1/31/2019
Perf: $2,992.43 Date: 12/31/2018
Perf: $2,770.51 Date: 11/30/2018
Perf: $3,045.52 Date: 10/31/2018
Perf: $2,984.64 Date: 9/30/2018
Perf: $3,203.77 Date: 8/31/2018
Perf: $3,185.62 Date: 7/31/2018
Perf: $3,085.04 Date: 6/30/2018
Perf: $2,974.40 Date: 5/31/2018
Perf: $2,956.07 Date: 4/30/2018
Perf: $2,886.50 Date: 3/31/2018
Perf: $2,875.58 Date: 2/28/2018
Perf: $2,950.52 Date: 1/31/2018
Perf: $3,063.57 Date: 12/31/2017
Perf: $2,897.54 Date: 11/30/2017
Perf: $2,865.73 Date: 10/31/2017
Perf: $2,780.37 Date: 9/30/2017
Perf: $2,717.06 Date: 8/31/2017
Perf: $2,662.22 Date: 7/31/2017
Perf: $2,653.99 Date: 6/30/2017
Perf: $2,600.42 Date: 5/31/2017
Perf: $2,584.40 Date: 4/30/2017
Perf: $2,548.47 Date: 3/31/2017
Perf: $2,522.49 Date: 2/28/2017
Perf: $2,519.46 Date: 1/31/2017
Perf: $2,423.26 Date: 12/31/2016
Perf: $2,378.08 Date: 11/30/2016
Perf: $2,331.90 Date: 10/31/2016
Perf: $2,248.70 Date: 9/30/2016
Perf: $2,290.39 Date: 8/31/2016
Perf: $2,289.93 Date: 7/31/2016
Perf: $2,286.73 Date: 6/30/2016
Perf: $2,205.35 Date: 5/31/2016
Perf: $2,199.63 Date: 4/30/2016
Perf: $2,160.74 Date: 3/31/2016
Perf: $2,152.34 Date: 2/29/2016
Perf: $2,015.68 Date: 1/31/2016
Perf: $2,018.30 Date: 12/31/2015
Perf: $2,123.64 Date: 11/30/2015
Perf: $2,157.73 Date: 10/31/2015
Perf: $2,151.28 Date: 9/30/2015
Perf: $1,983.84 Date: 8/31/2015
Perf: $2,034.08 Date: 7/31/2015
Perf: $2,164.61 Date: 6/30/2015
Perf: $2,120.09 Date: 5/31/2015
Perf: $2,162.03 Date: 4/30/2015
Perf: $2,134.49 Date: 3/31/2015
Perf: $2,114.20 Date: 2/28/2015
Perf: $2,148.14 Date: 1/31/2015
Perf: $2,031.34 Date: 12/31/2014
Perf: $2,094.16 Date: 11/30/2014
Perf: $2,099.41 Date: 10/31/2014
Perf: $2,044.41 Date: 9/30/2014
Perf: $1,995.72 Date: 8/31/2014
Perf: $2,024.06 Date: 7/31/2014
Perf: $1,946.21 Date: 6/30/2014
Perf: $1,973.44 Date: 5/31/2014
Perf: $1,933.42 Date: 4/30/2014
Perf: $1,889.03 Date: 3/31/2014
Perf: $1,875.15 Date: 2/28/2014
Perf: $1,859.53 Date: 1/31/2014
Perf: $1,778.26 Date: 12/31/2013
Perf: $1,842.00 Date: 11/30/2013
Perf: $1,796.54 Date: 10/31/2013
Perf: $1,743.37 Date: 9/30/2013
Perf: $1,666.70 Date: 8/31/2013
Perf: $1,615.96 Date: 7/31/2013
Perf: $1,664.22 Date: 6/30/2013
Perf: $1,583.62 Date: 5/31/2013
Perf: $1,605.13 Date: 4/30/2013
Perf: $1,568.43 Date: 3/31/2013
Perf: $1,538.73 Date: 2/28/2013
Perf: $1,483.11 Date: 1/31/2013
Perf: $1,463.21 Date: 12/31/2012
Perf: $1,391.15 Date: 11/30/2012
Perf: $1,378.61 Date: 10/31/2012
Perf: $1,370.66 Date: 9/30/2012
Perf: $1,396.49 Date: 8/31/2012
Perf: $1,361.37 Date: 7/31/2012
Perf: $1,331.41 Date: 6/30/2012
Perf: $1,313.16 Date: 5/31/2012
Perf: $1,261.20 Date: 4/30/2012
Perf: $1,341.84 Date: 3/31/2012
Perf: $1,350.35 Date: 2/29/2012
Perf: $1,307.34 Date: 1/31/2012
Perf: $1,253.20 Date: 12/31/2011
Perf: $1,199.46 Date: 11/30/2011
Perf: $1,187.35 Date: 10/31/2011
Perf: $1,189.97 Date: 9/30/2011
Perf: $1,072.72 Date: 8/31/2011
Perf: $1,153.84 Date: 7/31/2011
Perf: $1,220.09 Date: 6/30/2011
Perf: $1,245.37 Date: 5/31/2011
Perf: $1,266.52 Date: 4/30/2011
Perf: $1,280.99 Date: 3/31/2011
Perf: $1,244.17 Date: 2/28/2011
Perf: $1,243.67 Date: 1/31/2011
Perf: $1,202.43 Date: 12/31/2010
Perf: $1,174.59 Date: 11/30/2010
Perf: $1,101.04 Date: 10/31/2010
Perf: $1,100.93 Date: 9/30/2010
Perf: $1,060.52 Date: 8/31/2010
Perf: $973.67 Date: 7/31/2010
Perf: $1,019.66 Date: 6/30/2010
Perf: $952.86 Date: 5/31/2010
Perf: $1,005.45 Date: 4/30/2010
Perf: $1,092.76 Date: 3/31/2010
Perf: $1,075.76 Date: 2/28/2010
Perf: $1,014.58 Date: 1/31/2010
Perf: $984.08 Date: 12/31/2009
Perf: $1,020.83 Date: 11/30/2009
Perf: $1,001.50 Date: 10/31/2009
Perf: $944.81 Date: 9/30/2009
Perf: $962.71 Date: 8/31/2009
Perf: $928.10 Date: 7/31/2009
Perf: $895.76 Date: 6/30/2009
Perf: $832.80 Date: 5/31/2009
Perf: $831.14 Date: 4/30/2009
Perf: $787.14 Date: 3/31/2009
Perf: $718.39 Date: 2/28/2009
Perf: $660.53 Date: 1/31/2009
Perf: $739.26 Date: 12/31/2008
Perf: $807.31 Date: 11/30/2008
Perf: $798.84 Date: 10/31/2008
Perf: $860.64 Date: 9/30/2008
Perf: $1,034.30 Date: 8/31/2008
Perf: $1,135.47 Date: 7/31/2008
Perf: $1,119.24 Date: 6/30/2008
Perf: $1,128.72 Date: 5/31/2008
Perf: $1,232.63 Date: 4/30/2008
Perf: $1,216.81 Date: 3/31/2008
Perf: $1,160.30 Date: 2/29/2008
Perf: $1,165.32 Date: 1/31/2008
Perf: $1,204.46 Date: 12/31/2007
Perf: $1,281.34 Date: 11/30/2007
Perf: $1,290.24 Date: 10/31/2007
Perf: $1,346.53 Date: 9/30/2007
Perf: $1,325.45 Date: 8/31/2007
Perf: $1,277.67 Date: 7/31/2007
Perf: $1,258.79 Date: 6/30/2007
Perf: $1,299.06 Date: 5/31/2007
Perf: $1,320.99 Date: 4/30/2007
Perf: $1,276.44 Date: 3/31/2007
Perf: $1,222.29 Date: 2/28/2007
Perf: $1,208.75 Date: 1/31/2007
Perf: $1,232.92 Date: 12/31/2006
Perf: $1,214.58 Date: 11/30/2006
Perf: $1,197.81 Date: 10/31/2006
Perf: $1,175.47 Date: 9/30/2006
Perf: $1,138.36 Date: 8/31/2006
Perf: $1,109.73 Date: 7/31/2006
Perf: $1,083.94 Date: 6/30/2006
Perf: $1,077.26 Date: 5/31/2006
Perf: $1,075.75 Date: 4/30/2006
Perf: $1,107.65 Date: 3/31/2006
Perf: $1,093.00 Date: 2/28/2006
Perf: $1,079.62 Date: 1/31/2006
Perf: $1,076.71 Date: 12/31/2005
Perf: $1,048.91 Date: 11/30/2005
Perf: $1,048.60 Date: 10/31/2005
Perf: $1,010.41 Date: 9/30/2005
Perf: $1,027.57 Date: 8/31/2005
Perf: $1,019.31 Date: 7/31/2005
Perf: $1,028.67 Date: 6/30/2005
Perf: $991.78 Date: 5/31/2005
Perf: $990.39 Date: 4/30/2005
Perf: $959.87 Date: 3/31/2005
Perf: $978.46 Date: 2/28/2005
Perf: $996.09 Date: 1/31/2005
Perf: $975.60 Date: 12/31/2004
Perf: $1,000.00 Date: 4/30/2019
Perf: $2,836.59 Date: 3/31/2019
Perf: $2,786.43 Date: 2/28/2019
Perf: $2,613.91 Date: 1/31/2019
Perf: $2,611.30 Date: 12/31/2018
Perf: $2,506.05 Date: 11/30/2018
Perf: $2,433.06 Date: 10/31/2018
Perf: $2,390.04 Date: 9/30/2018
Perf: $2,578.25 Date: 8/31/2018
Perf: $2,630.87 Date: 7/31/2018
Perf: $2,556.72 Date: 6/30/2018
Perf: $2,541.47 Date: 5/31/2018
Perf: $2,511.34 Date: 4/30/2018
Perf: $2,581.02 Date: 3/31/2018
Perf: $2,578.44 Date: 2/28/2018
Perf: $2,615.06 Date: 1/31/2018
Perf: $2,724.02 Date: 12/31/2017
Perf: $2,599.25 Date: 11/30/2017
Perf: $2,576.07 Date: 10/31/2017
Perf: $2,523.08 Date: 9/30/2017
Perf: $2,405.23 Date: 8/31/2017
Perf: $2,497.64 Date: 7/31/2017
Perf: $2,431.98 Date: 6/30/2017
Perf: $2,417.47 Date: 5/31/2017
Perf: $2,520.83 Date: 4/30/2017
Perf: $2,464.15 Date: 3/31/2017
Perf: $2,422.96 Date: 2/28/2017
Perf: $2,420.54 Date: 1/31/2017
Perf: $2,320.75 Date: 12/31/2016
Perf: $2,344.19 Date: 11/30/2016
Perf: $2,287.01 Date: 10/31/2016
Perf: $2,305.46 Date: 9/30/2016
Perf: $2,391.55 Date: 8/31/2016
Perf: $2,379.65 Date: 7/31/2016
Perf: $2,445.69 Date: 6/30/2016
Perf: $2,443.24 Date: 5/31/2016
Perf: $2,304.95 Date: 4/30/2016
Perf: $2,321.20 Date: 3/31/2016
Perf: $2,305.06 Date: 2/29/2016
Perf: $2,371.46 Date: 1/31/2016
Perf: $2,304.63 Date: 12/31/2015
Perf: $2,176.23 Date: 11/30/2015
Perf: $2,250.50 Date: 10/31/2015
Perf: $2,266.36 Date: 9/30/2015
Perf: $2,307.90 Date: 8/31/2015
Perf: $2,240.68 Date: 7/31/2015
Perf: $2,459.59 Date: 6/30/2015
Perf: $2,479.42 Date: 5/31/2015
Perf: $2,582.73 Date: 4/30/2015
Perf: $2,585.32 Date: 3/31/2015
Perf: $2,662.53 Date: 2/28/2015
Perf: $2,630.96 Date: 1/31/2015
Perf: $2,660.22 Date: 12/31/2014
Perf: $2,572.75 Date: 11/30/2014
Perf: $2,527.26 Date: 10/31/2014
Perf: $2,409.21 Date: 9/30/2014
Perf: $2,387.72 Date: 8/31/2014
Perf: $2,380.57 Date: 7/31/2014
Perf: $2,336.19 Date: 6/30/2014
Perf: $2,347.93 Date: 5/31/2014
Perf: $2,299.63 Date: 4/30/2014
Perf: $2,270.12 Date: 3/31/2014
Perf: $2,258.83 Date: 2/28/2014
Perf: $2,254.32 Date: 1/31/2014
Perf: $2,173.89 Date: 12/31/2013
Perf: $2,248.07 Date: 11/30/2013
Perf: $2,250.32 Date: 10/31/2013
Perf: $2,228.04 Date: 9/30/2013
Perf: $2,173.70 Date: 8/31/2013
Perf: $2,110.39 Date: 7/31/2013
Perf: $2,157.86 Date: 6/30/2013
Perf: $2,115.55 Date: 5/31/2013
Perf: $2,213.38 Date: 4/30/2013
Perf: $2,231.23 Date: 3/31/2013
Perf: $2,197.17 Date: 2/28/2013
Perf: $2,145.68 Date: 1/31/2013
Perf: $2,171.74 Date: 12/31/2012
Perf: $2,034.61 Date: 11/30/2012
Perf: $2,042.57 Date: 10/31/2012
Perf: $2,032.41 Date: 9/30/2012
Perf: $2,092.90 Date: 8/31/2012
Perf: $2,103.84 Date: 7/31/2012
Perf: $2,158.89 Date: 6/30/2012
Perf: $2,069.68 Date: 5/31/2012
Perf: $2,114.30 Date: 4/30/2012
Perf: $2,139.98 Date: 3/31/2012
Perf: $2,174.77 Date: 2/29/2012
Perf: $2,181.32 Date: 1/31/2012
Perf: $2,136.45 Date: 12/31/2011
Perf: $2,124.55 Date: 11/30/2011
Perf: $2,106.02 Date: 10/31/2011
Perf: $2,106.02 Date: 9/30/2011
Perf: $2,132.68 Date: 8/31/2011
Perf: $2,135.45 Date: 7/31/2011
Perf: $2,027.39 Date: 6/30/2011
Perf: $1,921.15 Date: 5/31/2011
Perf: $1,982.00 Date: 4/30/2011
Perf: $2,043.72 Date: 3/31/2011
Perf: $1,956.65 Date: 2/28/2011
Perf: $2,012.19 Date: 1/31/2011
Perf: $1,949.23 Date: 12/31/2010
Perf: $1,948.64 Date: 11/30/2010
Perf: $1,869.20 Date: 10/31/2010
Perf: $1,897.47 Date: 9/30/2010
Perf: $1,864.11 Date: 8/31/2010
Perf: $1,879.14 Date: 7/31/2010
Perf: $1,794.10 Date: 6/30/2010
Perf: $1,813.87 Date: 5/31/2010
Perf: $1,797.87 Date: 4/30/2010
Perf: $1,849.47 Date: 3/31/2010
Perf: $1,820.16 Date: 2/28/2010
Perf: $1,777.68 Date: 1/31/2010
Perf: $1,734.83 Date: 12/31/2009
Perf: $1,793.66 Date: 11/30/2009
Perf: $1,856.98 Date: 10/31/2009
Perf: $1,776.85 Date: 9/30/2009
Perf: $1,835.78 Date: 8/31/2009
Perf: $1,799.43 Date: 7/31/2009
Perf: $1,781.08 Date: 6/30/2009
Perf: $1,755.45 Date: 5/31/2009
Perf: $1,811.80 Date: 4/30/2009
Perf: $1,771.76 Date: 3/31/2009
Perf: $1,784.43 Date: 2/28/2009
Perf: $1,767.99 Date: 1/31/2009
Perf: $1,760.06 Date: 12/31/2008
Perf: $1,773.19 Date: 11/30/2008
Perf: $1,738.25 Date: 10/31/2008
Perf: $1,668.66 Date: 9/30/2008
Perf: $1,592.69 Date: 8/31/2008
Perf: $1,608.13 Date: 7/31/2008
Perf: $1,639.95 Date: 6/30/2008
Perf: $1,698.19 Date: 5/31/2008
Perf: $1,675.24 Date: 4/30/2008
Perf: $1,669.23 Date: 3/31/2008
Perf: $1,669.57 Date: 2/29/2008
Perf: $1,636.35 Date: 1/31/2008
Perf: $1,591.16 Date: 12/31/2007
Perf: $1,492.51 Date: 11/30/2007
Perf: $1,484.19 Date: 10/31/2007
Perf: $1,466.60 Date: 9/30/2007
Perf: $1,434.18 Date: 8/31/2007
Perf: $1,363.29 Date: 7/31/2007
Perf: $1,430.68 Date: 6/30/2007
Perf: $1,511.70 Date: 5/31/2007
Perf: $1,494.22 Date: 4/30/2007
Perf: $1,452.82 Date: 3/31/2007
Perf: $1,399.09 Date: 2/28/2007
Perf: $1,409.81 Date: 1/31/2007
Perf: $1,429.10 Date: 12/31/2006
Perf: $1,410.76 Date: 11/30/2006
Perf: $1,402.62 Date: 10/31/2006
Perf: $1,379.99 Date: 9/30/2006
Perf: $1,362.55 Date: 8/31/2006
Perf: $1,353.21 Date: 7/31/2006
Perf: $1,332.17 Date: 6/30/2006
Perf: $1,341.02 Date: 5/31/2006
Perf: $1,388.50 Date: 4/30/2006
Perf: $1,446.96 Date: 3/31/2006
Perf: $1,371.01 Date: 2/28/2006
Perf: $1,303.11 Date: 1/31/2006
Perf: $1,318.41 Date: 12/31/2005
Perf: $1,267.09 Date: 11/30/2005
Perf: $1,236.55 Date: 10/31/2005
Perf: $1,183.30 Date: 9/30/2005
Perf: $1,242.18 Date: 8/31/2005
Perf: $1,105.34 Date: 7/31/2005
Perf: $1,068.48 Date: 6/30/2005
Perf: $1,027.78 Date: 5/31/2005
Perf: $1,008.51 Date: 4/30/2005
Perf: $960.67 Date: 3/31/2005
Perf: $950.69 Date: 2/28/2005
Perf: $961.26 Date: 1/31/2005
Perf: $984.80 Date: 12/31/2004
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 12/04 - 04/19
Date: 4/30/2019
Return: 1.80 % Date: 3/31/2019
Return: 6.60 % Date: 2/28/2019
Return: 0.10 % Date: 1/31/2019
Return: 4.20 % Date: 12/31/2018
Return: 3.00 % Date: 11/30/2018
Return: 1.80 % Date: 10/31/2018
Return: -7.30 % Date: 9/30/2018
Return: -2.00 % Date: 8/31/2018
Return: 2.90 % Date: 7/31/2018
Return: 0.60 % Date: 6/30/2018
Return: 1.20 % Date: 5/31/2018
Return: -2.70 % Date: 4/30/2018
Return: 0.10 % Date: 3/31/2018
Return: -1.40 % Date: 2/28/2018
Return: -4.00 % Date: 1/31/2018
Return: 4.80 % Date: 12/31/2017
Return: 0.90 % Date: 11/30/2017
Return: 2.10 % Date: 10/31/2017
Return: 4.90 % Date: 9/30/2017
Return: -3.70 % Date: 8/31/2017
Return: 2.70 % Date: 7/31/2017
Return: 0.60 % Date: 6/30/2017
Return: -4.10 % Date: 5/31/2017
Return: 2.30 % Date: 4/30/2017
Return: 1.70 % Date: 3/31/2017
Return: 0.10 % Date: 2/28/2017
Return: 4.30 % Date: 1/31/2017
Return: -1.00 % Date: 12/31/2016
Return: 2.50 % Date: 11/30/2016
Return: -0.80 % Date: 10/31/2016
Return: -3.60 % Date: 9/30/2016
Return: 0.50 % Date: 8/31/2016
Return: -2.70 % Date: 7/31/2016
Return: 0.10 % Date: 6/30/2016
Return: 6.00 % Date: 5/31/2016
Return: -0.70 % Date: 4/30/2016
Return: 0.70 % Date: 3/31/2016
Return: -2.80 % Date: 2/29/2016
Return: 2.90 % Date: 1/31/2016
Return: 5.90 % Date: 12/31/2015
Return: -3.30 % Date: 11/30/2015
Return: -0.70 % Date: 10/31/2015
Return: -1.80 % Date: 9/30/2015
Return: 3.00 % Date: 8/31/2015
Return: -8.90 % Date: 7/31/2015
Return: -0.80 % Date: 6/30/2015
Return: -4.00 % Date: 5/31/2015
Return: -0.10 % Date: 4/30/2015
Return: -2.90 % Date: 3/31/2015
Return: 1.20 % Date: 2/28/2015
Return: -1.10 % Date: 1/31/2015
Return: 3.40 % Date: 12/31/2014
Return: 1.80 % Date: 11/30/2014
Return: 4.90 % Date: 10/31/2014
Return: 0.90 % Date: 9/30/2014
Return: 0.30 % Date: 8/31/2014
Return: 1.90 % Date: 7/31/2014
Return: -0.50 % Date: 6/30/2014
Return: 2.10 % Date: 5/31/2014
Return: 1.30 % Date: 4/30/2014
Return: 0.50 % Date: 3/31/2014
Return: 0.20 % Date: 2/28/2014
Return: 3.70 % Date: 1/31/2014
Return: -3.30 % Date: 12/31/2013
Return: -0.10 % Date: 11/30/2013
Return: 1.00 % Date: 10/31/2013
Return: 2.50 % Date: 9/30/2013
Return: 3.00 % Date: 8/31/2013
Return: -2.20 % Date: 7/31/2013
Return: 2.00 % Date: 6/30/2013
Return: -4.42 % Date: 5/31/2013
Return: -0.80 % Date: 4/30/2013
Return: 1.55 % Date: 3/31/2013
Return: 2.40 % Date: 2/28/2013
Return: -1.20 % Date: 1/31/2013
Return: 6.74 % Date: 12/31/2012
Return: -0.39 % Date: 11/30/2012
Return: 0.50 % Date: 10/31/2012
Return: -2.89 % Date: 9/30/2012
Return: -0.52 % Date: 8/31/2012
Return: -2.55 % Date: 7/31/2012
Return: 4.31 % Date: 6/30/2012
Return: -2.11 % Date: 5/31/2012
Return: -1.20 % Date: 4/30/2012
Return: -1.60 % Date: 3/31/2012
Return: -0.30 % Date: 2/29/2012
Return: 2.10 % Date: 1/31/2012
Return: 0.56 % Date: 12/31/2011
Return: 0.88 % Date: 11/30/2011
Return: 0.00 % Date: 10/31/2011
Return: -1.25 % Date: 9/30/2011
Return: -0.13 % Date: 8/31/2011
Return: 5.33 % Date: 7/31/2011
Return: 5.53 % Date: 6/30/2011
Return: -3.07 % Date: 5/31/2011
Return: -3.02 % Date: 4/30/2011
Return: 4.45 % Date: 3/31/2011
Return: -2.76 % Date: 2/28/2011
Return: 3.23 % Date: 1/31/2011
Return: 0.03 % Date: 12/31/2010
Return: 4.25 % Date: 11/30/2010
Return: -1.49 % Date: 10/31/2010
Return: 1.79 % Date: 9/30/2010
Return: -0.80 % Date: 8/31/2010
Return: 4.74 % Date: 7/31/2010
Return: -1.09 % Date: 6/30/2010
Return: 0.89 % Date: 5/31/2010
Return: -2.79 % Date: 4/30/2010
Return: 1.61 % Date: 3/31/2010
Return: 2.39 % Date: 2/28/2010
Return: 2.47 % Date: 1/31/2010
Return: -3.28 % Date: 12/31/2009
Return: -3.41 % Date: 11/30/2009
Return: 4.51 % Date: 10/31/2009
Return: -3.21 % Date: 9/30/2009
Return: 2.02 % Date: 8/31/2009
Return: 1.03 % Date: 7/31/2009
Return: 1.46 % Date: 6/30/2009
Return: -3.11 % Date: 5/31/2009
Return: 2.26 % Date: 4/30/2009
Return: -0.71 % Date: 3/31/2009
Return: 0.93 % Date: 2/28/2009
Return: 0.45 % Date: 1/31/2009
Return: -0.74 % Date: 12/31/2008
Return: 2.01 % Date: 11/30/2008
Return: 4.17 % Date: 10/31/2008
Return: 4.77 % Date: 9/30/2008
Return: -0.96 % Date: 8/31/2008
Return: -1.94 % Date: 7/31/2008
Return: -3.43 % Date: 6/30/2008
Return: 1.37 % Date: 5/31/2008
Return: 0.36 % Date: 4/30/2008
Return: -0.02 % Date: 3/31/2008
Return: 2.03 % Date: 2/29/2008
Return: 2.84 % Date: 1/31/2008
Return: 6.61 % Date: 12/31/2007
Return: 0.56 % Date: 11/30/2007
Return: 1.20 % Date: 10/31/2007
Return: 2.26 % Date: 9/30/2007
Return: 5.20 % Date: 8/31/2007
Return: -4.71 % Date: 7/31/2007
Return: -5.36 % Date: 6/30/2007
Return: 1.17 % Date: 5/31/2007
Return: 2.85 % Date: 4/30/2007
Return: 3.84 % Date: 3/31/2007
Return: -0.76 % Date: 2/28/2007
Return: -1.35 % Date: 1/31/2007
Return: 1.30 % Date: 12/31/2006
Return: 0.58 % Date: 11/30/2006
Return: 1.64 % Date: 10/31/2006
Return: 1.28 % Date: 9/30/2006
Return: 0.69 % Date: 8/31/2006
Return: 1.58 % Date: 7/31/2006
Return: -0.66 % Date: 6/30/2006
Return: -3.42 % Date: 5/31/2006
Return: -4.04 % Date: 4/30/2006
Return: 5.54 % Date: 3/31/2006
Return: 5.21 % Date: 2/28/2006
Return: -1.16 % Date: 1/31/2006
Return: 4.05 % Date: 12/31/2005
Return: 2.47 % Date: 11/30/2005
Return: 4.50 % Date: 10/31/2005
Return: -4.74 % Date: 9/30/2005
Return: 12.38 % Date: 8/31/2005
Return: 3.45 % Date: 7/31/2005
Return: 3.96 % Date: 6/30/2005
Return: 1.91 % Date: 5/31/2005
Return: 4.98 % Date: 4/30/2005
Return: 1.05 % Date: 3/31/2005
Return: -1.10 % Date: 2/28/2005
Return: -2.39 % Date: 1/31/2005
Return: -1.52 % Date: 12/31/2004
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 12/04 - 04/19
Return: -7.00 %
Count: 1 Return: -9.00 %
Count: 1 Return: 7.00 %
Count: 3 Return: -3.00 %
Count: 18 Return: -4.00 %
Count: 7 Return: 6.00 %
Count: 4 Return: -5.00 %
Count: 3 Return: 12.00 %
Count: 1 Return: 3.00 %
Count: 13 Return: 4.00 %
Count: 11 Return: 2.00 %
Count: 25 Return: 5.00 %
Count: 10 Return: 1.00 %
Count: 26 Return: -1.00 %
Count: 24 Return: -2.00 %
Count: 8 Return: 0.00 %
Count: 18
Note: All performance data is since program inception.

Underwater Curve

Date Range: 12/04 - 04/19
Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: 0.00 % Date: 2/28/2019
Drawdown: -4.04 % Date: 1/31/2019
Drawdown: -4.14 % Date: 12/31/2018
Drawdown: -8.00 % Date: 11/30/2018
Drawdown: -10.68 % Date: 10/31/2018
Drawdown: -12.26 % Date: 9/30/2018
Drawdown: -5.35 % Date: 8/31/2018
Drawdown: -3.42 % Date: 7/31/2018
Drawdown: -6.14 % Date: 6/30/2018
Drawdown: -6.70 % Date: 5/31/2018
Drawdown: -7.81 % Date: 4/30/2018
Drawdown: -5.25 % Date: 3/31/2018
Drawdown: -5.34 % Date: 2/28/2018
Drawdown: -4.00 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -2.38 % Date: 11/30/2017
Drawdown: -3.25 % Date: 10/31/2017
Drawdown: -5.24 % Date: 9/30/2017
Drawdown: -9.66 % Date: 8/31/2017
Drawdown: -6.19 % Date: 7/31/2017
Drawdown: -8.66 % Date: 6/30/2017
Drawdown: -9.20 % Date: 5/31/2017
Drawdown: -5.32 % Date: 4/30/2017
Drawdown: -7.45 % Date: 3/31/2017
Drawdown: -9.00 % Date: 2/28/2017
Drawdown: -9.09 % Date: 1/31/2017
Drawdown: -12.84 % Date: 12/31/2016
Drawdown: -11.96 % Date: 11/30/2016
Drawdown: -14.10 % Date: 10/31/2016
Drawdown: -13.41 % Date: 9/30/2016
Drawdown: -10.18 % Date: 8/31/2016
Drawdown: -10.62 % Date: 7/31/2016
Drawdown: -8.14 % Date: 6/30/2016
Drawdown: -8.24 % Date: 5/31/2016
Drawdown: -13.43 % Date: 4/30/2016
Drawdown: -12.82 % Date: 3/31/2016
Drawdown: -13.43 % Date: 2/29/2016
Drawdown: -10.93 % Date: 1/31/2016
Drawdown: -13.44 % Date: 12/31/2015
Drawdown: -18.26 % Date: 11/30/2015
Drawdown: -15.48 % Date: 10/31/2015
Drawdown: -14.88 % Date: 9/30/2015
Drawdown: -13.32 % Date: 8/31/2015
Drawdown: -15.84 % Date: 7/31/2015
Drawdown: -7.62 % Date: 6/30/2015
Drawdown: -6.88 % Date: 5/31/2015
Drawdown: -3.00 % Date: 4/30/2015
Drawdown: -2.90 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -1.10 % 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: 0.00 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -0.50 % Date: 6/30/2014
Drawdown: 0.00 % Date: 5/31/2014
Drawdown: 0.00 % Date: 4/30/2014
Drawdown: 0.00 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: -3.40 % Date: 12/31/2013
Drawdown: -0.10 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: -0.14 % Date: 9/30/2013
Drawdown: -2.58 % Date: 8/31/2013
Drawdown: -5.42 % Date: 7/31/2013
Drawdown: -3.29 % Date: 6/30/2013
Drawdown: -5.18 % Date: 5/31/2013
Drawdown: -0.80 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: 0.00 % Date: 2/28/2013
Drawdown: -1.63 % Date: 1/31/2013
Drawdown: -0.44 % Date: 12/31/2012
Drawdown: -6.73 % Date: 11/30/2012
Drawdown: -6.36 % Date: 10/31/2012
Drawdown: -6.83 % Date: 9/30/2012
Drawdown: -4.05 % Date: 8/31/2012
Drawdown: -3.55 % Date: 7/31/2012
Drawdown: -1.03 % Date: 6/30/2012
Drawdown: -5.12 % Date: 5/31/2012
Drawdown: -3.07 % Date: 4/30/2012
Drawdown: -1.90 % Date: 3/31/2012
Drawdown: -0.30 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: 0.00 % Date: 12/31/2011
Drawdown: -0.51 % Date: 11/30/2011
Drawdown: -1.38 % Date: 10/31/2011
Drawdown: -1.38 % Date: 9/30/2011
Drawdown: -0.13 % Date: 8/31/2011
Drawdown: 0.00 % Date: 7/31/2011
Drawdown: -0.80 % Date: 6/30/2011
Drawdown: -6.00 % Date: 5/31/2011
Drawdown: -3.02 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -2.76 % 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: -1.49 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: -0.80 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: -3.39 % Date: 6/30/2010
Drawdown: -2.32 % Date: 5/31/2010
Drawdown: -3.18 % Date: 4/30/2010
Drawdown: -0.40 % Date: 3/31/2010
Drawdown: -1.98 % Date: 2/28/2010
Drawdown: -4.27 % Date: 1/31/2010
Drawdown: -6.58 % Date: 12/31/2009
Drawdown: -3.41 % Date: 11/30/2009
Drawdown: 0.00 % Date: 10/31/2009
Drawdown: -3.21 % Date: 9/30/2009
Drawdown: 0.00 % Date: 8/31/2009
Drawdown: -0.68 % Date: 7/31/2009
Drawdown: -1.70 % Date: 6/30/2009
Drawdown: -3.11 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: -0.71 % Date: 3/31/2009
Drawdown: 0.00 % Date: 2/28/2009
Drawdown: -0.29 % Date: 1/31/2009
Drawdown: -0.74 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: 0.00 % Date: 10/31/2008
Drawdown: -1.74 % Date: 9/30/2008
Drawdown: -6.21 % Date: 8/31/2008
Drawdown: -5.30 % Date: 7/31/2008
Drawdown: -3.43 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: -0.02 % Date: 3/31/2008
Drawdown: 0.00 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: -1.27 % Date: 11/30/2007
Drawdown: -1.82 % Date: 10/31/2007
Drawdown: -2.98 % Date: 9/30/2007
Drawdown: -5.13 % Date: 8/31/2007
Drawdown: -9.82 % Date: 7/31/2007
Drawdown: -5.36 % 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: -3.31 % Date: 2/28/2007
Drawdown: -2.57 % Date: 1/31/2007
Drawdown: -1.23 % Date: 12/31/2006
Drawdown: -2.50 % Date: 11/30/2006
Drawdown: -3.06 % Date: 10/31/2006
Drawdown: -4.63 % Date: 9/30/2006
Drawdown: -5.83 % Date: 8/31/2006
Drawdown: -6.48 % Date: 7/31/2006
Drawdown: -7.93 % Date: 6/30/2006
Drawdown: -7.32 % Date: 5/31/2006
Drawdown: -4.04 % Date: 4/30/2006
Drawdown: 0.00 % Date: 3/31/2006
Drawdown: 0.00 % Date: 2/28/2006
Drawdown: -1.16 % Date: 1/31/2006
Drawdown: 0.00 % Date: 12/31/2005
Drawdown: 0.00 % Date: 11/30/2005
Drawdown: -0.45 % Date: 10/31/2005
Drawdown: -4.74 % Date: 9/30/2005
Drawdown: 0.00 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: 0.00 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: 0.00 % Date: 4/30/2005
Drawdown: -3.93 % Date: 3/31/2005
Drawdown: -4.93 % Date: 2/28/2005
Drawdown: -3.87 % Date: 1/31/2005
Drawdown: -1.52 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Quantica Capital AG
Address: Freier Platz 10
City: Schaffhausen
State:
Zip: CH- 8200
Country: Switzerland

Key People

Name:  Dr. Bruno Gmuer
Position:  Chief Executive Officer
Biography: 

Dr. Bruno Gmür is a founding partner and CEO/CIO of Quantica Capital AG. Previously, he held positions at Swiss Re in financial reinsurance structuring and at Bank Julius Baer, where he was head of the quantitative team in the chief investment office and a voting member of the bank’s strategic asset allocation committee. Before that, he was teaching graduate courses in game theory and financial economics at the University of Zurich. Bruno holds a Ph.D. in financial economics from the University of Zurich (Dr. oec. publ., "summa cum laude") and a master degree in mathematics from the Swiss Federal Institute of Technology (ETH Zurich). He is a qualified actuary and full member of the Swiss Association of Actuaries.


Name:  Thomas Looser
Position:  Portfolio Manager
Biography: 

Thomas Looser is Chief Operating Officer at Quantica Capital AG. He was previously a senior quantitative analyst at Bank Vontobel, engineering investment products mainly for institutional clients and co-heading the product engineering and analysis department. Before that, he held various positions within Swiss Re, including working as a quantitative analyst at Swiss Re Alternative Investments, as an asset-liability management analyst at Conning Asset Management in the U.S. and as a risk manager at Swiss Re Investors. He started his career in the actuarial department of Swiss Re Life & Health. Thomas holds a master’s degree in mathematics from the Swiss Federal Institute of Technology (ETH Zurich) and is a CAIA charterholder.


Name:  Patrick J. Aregger
Position:  Chief Executive Officer
Biography: 

Patrick J. Aregger is Chief Executive Officer at Quantica Capital. He was previously with a Zurich based family office, where as CEO and Partner he managed to successfully build-up and further develop the company’s business both in Germany and Switzerland. Prior to that Patrick was Partner and Head of Distribution at Horizon21. This was after Noble Investments Switzerland, a company co-founded by Patrick and specialized in structuring and distributing hedge funds products, was acquired by the group. Patrick had started his career in financial services in 1999 with Man Investment Products as a Global Business Development Manager after having spent close to a decade as physical commodities trader mostly in Asia.


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 
 Quantitative Analysis Yes 
 Instruments Traded
 Forwards Yes 
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $5,000,000 
 Margin / Equity Ratio: 8% 
 Managed Account Availability: Open