Altegris Clearing Solutions Ditsch Trading, LLC Agricultural Trading Program *QEP*
Monthly Performance (%)
Date Range: 12/10 - 11/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.92 0.15 1.49 0.96 -2.52 4.28 0.70 -0.63 0.23 0.25 -1.36 4.41
2016 0.51 2.21 -2.67 8.44 3.20 7.75 -14.50 -1.82 -1.38 -1.66 -1.05 -0.23 -3.10
2015 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.81 0.81
2014 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2013 3.43 4.59 -13.01 5.58 -4.18 -3.86 8.88 17.49 -3.22 0.00 0.00 0.00 13.31
2012 -2.62 15.72 14.56 34.03 -29.68 46.16 47.72 16.75 -28.96 -9.23 -6.43 -1.92 81.50
2011 -0.93 -10.94 -10.66 -0.51 3.71 -2.73 1.46 -0.99 6.85 3.54 -2.25 -6.80 -19.90
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Ditsch Trading, LLC is a registered Commodity Trading Advisor that began January 1, 2011. The program is traded by Mr. Mark Ditsch. The Advisor suspended operations in 2013 when he went to work for Noble Agri to lead their North American expansion. Mr. Ditsch garnered the attention of Noble Agri near the end of 2013, joining the firm and opened the company’s North American headquarters in Chicago, Il. Mr. Ditsch took on the responsibility of expanding the firm’s proprietary trading desk and led the initiative to grow their operations in North America. Before returning to Ditsch Trading, Mark was the firm’s Global Head of Proprietary Trading. The trading program was reopened in December of 2015. The primary focus of the trading program is on agricultural commodity markets with particular emphasis on soybean, soybean products, and corn futures and options, but does occasionally trade other markets. Mr. Ditsch gained a thorough understanding of markets through his time at Noble Agri and long before trading physical grain and oilseed markets in the US. He began his career with Consolidated Grain and Barge, a leading US grain and transportation company and then with Zen-noh Grain Corporation (“Zen-Noh”). At Zen-Noh, Mr. Ditsch eventually rose to the position of Trading Manager for all commodities. Mr. Ditsch’s experiences at Noble Agri, as well as his other roles, helped him further understand the world of agricultural trade fundamentals and their affect on the market. His analysis includes constant monitoring of US and world weather, shifts in commodity consumption patterns, political issues, currency relationships and trends, and other market movements. Mr. Ditsch uses this analysis to develop trading strategies that may involve long or short futures positions as well as intra- and inter-market spread positions. Options are frequently used to manage risk exposure or generate additional opportunities. Technical or chart analysis is generally used only to help determine entrance and exit points, as Mr. Ditsch believes that fundamentals ultimately determine price movement.

Performance Statistics
Date Range: 12/10 - 11/17
  Program SP500 TR Altegris 40
Total Return 68.03% 160.27% 5.40%
Annualized Return 7.79% 14.64% 0.75%
Annualized Std. Deviation 37.04% 10.81% 8.56%
Correlation 0.08 -0.01
Sharpe Ratio (rf=2.5%) 0.14 1.12 -0.20
Worst Month -29.68% -7.03% -5.20%
Date of Worst Month 05/2012 09/2011 06/2015
Worst Drawdown -45.84% -16.26% -15.74%
Date of Worst Drawdown 8/12 - 6/13 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 12/10 - 11/17
Year or YTD Program SP500 TR Altegris 40
2017 4.41 20.51 0.15
2016 -3.10 11.98 -3.13
2015 0.81 1.41 0.09
2014 0.00 13.69 15.75
2013 13.31 32.41 -2.45
2012 81.50 15.98 -4.75
2011 -19.90 2.12 -3.23
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 12/10 - 11/17
Date: 11/30/2017
Perf: $1,010.68 Date: 10/31/2017
Perf: $1,009.37 Date: 9/30/2017
Perf: $968.78 Date: 8/31/2017
Perf: $989.66 Date: 7/31/2017
Perf: $973.50 Date: 6/30/2017
Perf: $969.72 Date: 5/31/2017
Perf: $998.88 Date: 4/30/2017
Perf: $996.99 Date: 3/31/2017
Perf: $1,003.01 Date: 2/28/2017
Perf: $1,017.87 Date: 1/31/2017
Perf: $996.15 Date: 12/31/2016
Perf: $1,009.17 Date: 11/30/2016
Perf: $1,001.56 Date: 10/31/2016
Perf: $1,012.70 Date: 9/30/2016
Perf: $1,039.52 Date: 8/31/2016
Perf: $1,053.10 Date: 7/31/2016
Perf: $1,082.21 Date: 6/30/2016
Perf: $1,071.29 Date: 5/31/2016
Perf: $1,027.61 Date: 4/30/2016
Perf: $1,045.92 Date: 3/31/2016
Perf: $1,072.84 Date: 2/29/2016
Perf: $1,104.54 Date: 1/31/2016
Perf: $1,078.03 Date: 12/31/2015
Perf: $1,041.77 Date: 11/30/2015
Perf: $1,066.30 Date: 10/31/2015
Perf: $1,031.13 Date: 9/30/2015
Perf: $1,049.39 Date: 8/31/2015
Perf: $1,027.11 Date: 7/31/2015
Perf: $1,045.19 Date: 6/30/2015
Perf: $1,005.86 Date: 5/31/2015
Perf: $1,061.03 Date: 4/30/2015
Perf: $1,068.73 Date: 3/31/2015
Perf: $1,111.64 Date: 2/28/2015
Perf: $1,087.60 Date: 1/31/2015
Perf: $1,089.34 Date: 12/31/2014
Perf: $1,040.84 Date: 11/30/2014
Perf: $1,022.84 Date: 10/31/2014
Perf: $965.40 Date: 9/30/2014
Perf: $951.41 Date: 8/31/2014
Perf: $937.44 Date: 7/31/2014
Perf: $899.40 Date: 6/30/2014
Perf: $906.65 Date: 5/31/2014
Perf: $898.92 Date: 4/30/2014
Perf: $876.48 Date: 3/31/2014
Perf: $869.87 Date: 2/28/2014
Perf: $882.94 Date: 1/31/2014
Perf: $875.76 Date: 12/31/2013
Perf: $899.23 Date: 11/30/2013
Perf: $900.49 Date: 10/31/2013
Perf: $884.48 Date: 9/30/2013
Perf: $864.68 Date: 8/31/2013
Perf: $869.90 Date: 7/31/2013
Perf: $886.93 Date: 6/30/2013
Perf: $894.71 Date: 5/31/2013
Perf: $929.96 Date: 4/30/2013
Perf: $971.74 Date: 3/31/2013
Perf: $947.30 Date: 2/28/2013
Perf: $933.85 Date: 1/31/2013
Perf: $939.30 Date: 12/31/2012
Perf: $921.79 Date: 11/30/2012
Perf: $917.29 Date: 10/31/2012
Perf: $914.73 Date: 9/30/2012
Perf: $949.09 Date: 8/31/2012
Perf: $965.01 Date: 7/31/2012
Perf: $978.32 Date: 6/30/2012
Perf: $939.88 Date: 5/31/2012
Perf: $976.60 Date: 4/30/2012
Perf: $958.39 Date: 3/31/2012
Perf: $952.67 Date: 2/29/2012
Perf: $974.80 Date: 1/31/2012
Perf: $970.82 Date: 12/31/2011
Perf: $967.72 Date: 11/30/2011
Perf: $958.52 Date: 10/31/2011
Perf: $955.65 Date: 9/30/2011
Perf: $995.06 Date: 8/31/2011
Perf: $995.65 Date: 7/31/2011
Perf: $997.65 Date: 6/30/2011
Perf: $963.08 Date: 5/31/2011
Perf: $988.78 Date: 4/30/2011
Perf: $1,026.24 Date: 3/31/2011
Perf: $987.72 Date: 2/28/2011
Perf: $1,003.07 Date: 1/31/2011
Perf: $986.30 Date: 12/31/2010
Perf: $1,000.00 Date: 11/30/2017
Perf: $2,439.77 Date: 10/31/2017
Perf: $2,367.10 Date: 9/30/2017
Perf: $2,313.20 Date: 8/31/2017
Perf: $2,266.51 Date: 7/31/2017
Perf: $2,259.51 Date: 6/30/2017
Perf: $2,213.90 Date: 5/31/2017
Perf: $2,200.26 Date: 4/30/2017
Perf: $2,169.67 Date: 3/31/2017
Perf: $2,147.55 Date: 2/28/2017
Perf: $2,144.98 Date: 1/31/2017
Perf: $2,063.07 Date: 12/31/2016
Perf: $2,024.60 Date: 11/30/2016
Perf: $1,985.30 Date: 10/31/2016
Perf: $1,914.46 Date: 9/30/2016
Perf: $1,949.95 Date: 8/31/2016
Perf: $1,949.56 Date: 7/31/2016
Perf: $1,946.83 Date: 6/30/2016
Perf: $1,877.55 Date: 5/31/2016
Perf: $1,872.68 Date: 4/30/2016
Perf: $1,839.57 Date: 3/31/2016
Perf: $1,832.42 Date: 2/29/2016
Perf: $1,716.07 Date: 1/31/2016
Perf: $1,718.31 Date: 12/31/2015
Perf: $1,807.98 Date: 11/30/2015
Perf: $1,837.01 Date: 10/31/2015
Perf: $1,831.51 Date: 9/30/2015
Perf: $1,688.97 Date: 8/31/2015
Perf: $1,731.74 Date: 7/31/2015
Perf: $1,842.86 Date: 6/30/2015
Perf: $1,804.96 Date: 5/31/2015
Perf: $1,840.67 Date: 4/30/2015
Perf: $1,817.23 Date: 3/31/2015
Perf: $1,799.95 Date: 2/28/2015
Perf: $1,828.84 Date: 1/31/2015
Perf: $1,729.40 Date: 12/31/2014
Perf: $1,782.89 Date: 11/30/2014
Perf: $1,787.36 Date: 10/31/2014
Perf: $1,740.54 Date: 9/30/2014
Perf: $1,699.08 Date: 8/31/2014
Perf: $1,723.20 Date: 7/31/2014
Perf: $1,656.93 Date: 6/30/2014
Perf: $1,680.11 Date: 5/31/2014
Perf: $1,646.04 Date: 4/30/2014
Perf: $1,608.25 Date: 3/31/2014
Perf: $1,596.43 Date: 2/28/2014
Perf: $1,583.13 Date: 1/31/2014
Perf: $1,513.95 Date: 12/31/2013
Perf: $1,568.21 Date: 11/30/2013
Perf: $1,529.51 Date: 10/31/2013
Perf: $1,484.24 Date: 9/30/2013
Perf: $1,418.97 Date: 8/31/2013
Perf: $1,375.77 Date: 7/31/2013
Perf: $1,416.86 Date: 6/30/2013
Perf: $1,348.23 Date: 5/31/2013
Perf: $1,366.54 Date: 4/30/2013
Perf: $1,335.30 Date: 3/31/2013
Perf: $1,310.02 Date: 2/28/2013
Perf: $1,262.67 Date: 1/31/2013
Perf: $1,245.72 Date: 12/31/2012
Perf: $1,184.37 Date: 11/30/2012
Perf: $1,173.69 Date: 10/31/2012
Perf: $1,166.92 Date: 9/30/2012
Perf: $1,188.92 Date: 8/31/2012
Perf: $1,159.02 Date: 7/31/2012
Perf: $1,133.51 Date: 6/30/2012
Perf: $1,117.97 Date: 5/31/2012
Perf: $1,073.74 Date: 4/30/2012
Perf: $1,142.39 Date: 3/31/2012
Perf: $1,149.64 Date: 2/29/2012
Perf: $1,113.02 Date: 1/31/2012
Perf: $1,066.93 Date: 12/31/2011
Perf: $1,021.18 Date: 11/30/2011
Perf: $1,010.87 Date: 10/31/2011
Perf: $1,013.10 Date: 9/30/2011
Perf: $913.27 Date: 8/31/2011
Perf: $982.33 Date: 7/31/2011
Perf: $1,038.74 Date: 6/30/2011
Perf: $1,060.26 Date: 5/31/2011
Perf: $1,078.27 Date: 4/30/2011
Perf: $1,090.59 Date: 3/31/2011
Perf: $1,059.24 Date: 2/28/2011
Perf: $1,058.81 Date: 1/31/2011
Perf: $1,023.70 Date: 12/31/2010
Perf: $1,000.00 Date: 11/30/2017
Perf: $1,680.26 Date: 10/31/2017
Perf: $1,703.43 Date: 9/30/2017
Perf: $1,699.18 Date: 8/31/2017
Perf: $1,695.28 Date: 7/31/2017
Perf: $1,706.03 Date: 6/30/2017
Perf: $1,694.17 Date: 5/31/2017
Perf: $1,624.64 Date: 4/30/2017
Perf: $1,666.64 Date: 3/31/2017
Perf: $1,650.79 Date: 2/28/2017
Perf: $1,626.55 Date: 1/31/2017
Perf: $1,624.12 Date: 12/31/2016
Perf: $1,609.31 Date: 11/30/2016
Perf: $1,613.02 Date: 10/31/2016
Perf: $1,630.14 Date: 9/30/2016
Perf: $1,657.66 Date: 8/31/2016
Perf: $1,680.85 Date: 7/31/2016
Perf: $1,712.01 Date: 6/30/2016
Perf: $2,002.35 Date: 5/31/2016
Perf: $1,858.33 Date: 4/30/2016
Perf: $1,800.71 Date: 3/31/2016
Perf: $1,660.56 Date: 2/29/2016
Perf: $1,706.11 Date: 1/31/2016
Perf: $1,669.22 Date: 12/31/2015
Perf: $1,660.75 Date: 11/30/2015
Perf: $1,647.41 Date: 10/31/2015
Perf: $1,647.41 Date: 9/30/2015
Perf: $1,647.41 Date: 8/31/2015
Perf: $1,647.41 Date: 7/31/2015
Perf: $1,647.41 Date: 6/30/2015
Perf: $1,647.41 Date: 5/31/2015
Perf: $1,647.41 Date: 4/30/2015
Perf: $1,647.41 Date: 3/31/2015
Perf: $1,647.41 Date: 2/28/2015
Perf: $1,647.41 Date: 1/31/2015
Perf: $1,647.41 Date: 12/31/2014
Perf: $1,647.41 Date: 11/30/2014
Perf: $1,647.41 Date: 10/31/2014
Perf: $1,647.41 Date: 9/30/2014
Perf: $1,647.41 Date: 8/31/2014
Perf: $1,647.41 Date: 7/31/2014
Perf: $1,647.41 Date: 6/30/2014
Perf: $1,647.41 Date: 5/31/2014
Perf: $1,647.41 Date: 4/30/2014
Perf: $1,647.41 Date: 3/31/2014
Perf: $1,647.41 Date: 2/28/2014
Perf: $1,647.41 Date: 1/31/2014
Perf: $1,647.41 Date: 12/31/2013
Perf: $1,647.41 Date: 11/30/2013
Perf: $1,647.41 Date: 10/31/2013
Perf: $1,647.41 Date: 9/30/2013
Perf: $1,647.41 Date: 8/31/2013
Perf: $1,702.22 Date: 7/31/2013
Perf: $1,448.82 Date: 6/30/2013
Perf: $1,330.66 Date: 5/31/2013
Perf: $1,384.08 Date: 4/30/2013
Perf: $1,444.46 Date: 3/31/2013
Perf: $1,368.12 Date: 2/28/2013
Perf: $1,572.73 Date: 1/31/2013
Perf: $1,503.71 Date: 12/31/2012
Perf: $1,453.85 Date: 11/30/2012
Perf: $1,482.31 Date: 10/31/2012
Perf: $1,584.17 Date: 9/30/2012
Perf: $1,745.25 Date: 8/31/2012
Perf: $2,456.72 Date: 7/31/2012
Perf: $2,104.26 Date: 6/30/2012
Perf: $1,424.49 Date: 5/31/2012
Perf: $974.61 Date: 4/30/2012
Perf: $1,385.97 Date: 3/31/2012
Perf: $1,034.07 Date: 2/29/2012
Perf: $902.65 Date: 1/31/2012
Perf: $780.03 Date: 12/31/2011
Perf: $801.01 Date: 11/30/2011
Perf: $859.46 Date: 10/31/2011
Perf: $879.24 Date: 9/30/2011
Perf: $849.18 Date: 8/31/2011
Perf: $794.74 Date: 7/31/2011
Perf: $802.68 Date: 6/30/2011
Perf: $791.13 Date: 5/31/2011
Perf: $813.34 Date: 4/30/2011
Perf: $784.24 Date: 3/31/2011
Perf: $788.26 Date: 2/28/2011
Perf: $882.32 Date: 1/31/2011
Perf: $990.70 Date: 12/31/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 12/10 - 11/17
Date: 11/30/2017
Return: -1.36 % Date: 10/31/2017
Return: 0.25 % Date: 9/30/2017
Return: 0.23 % Date: 8/31/2017
Return: -0.63 % Date: 7/31/2017
Return: 0.70 % Date: 6/30/2017
Return: 4.28 % Date: 5/31/2017
Return: -2.52 % Date: 4/30/2017
Return: 0.96 % Date: 3/31/2017
Return: 1.49 % Date: 2/28/2017
Return: 0.15 % Date: 1/31/2017
Return: 0.92 % Date: 12/31/2016
Return: -0.23 % Date: 11/30/2016
Return: -1.05 % Date: 10/31/2016
Return: -1.66 % Date: 9/30/2016
Return: -1.38 % Date: 8/31/2016
Return: -1.82 % Date: 7/31/2016
Return: -14.50 % Date: 6/30/2016
Return: 7.75 % Date: 5/31/2016
Return: 3.20 % Date: 4/30/2016
Return: 8.44 % Date: 3/31/2016
Return: -2.67 % Date: 2/29/2016
Return: 2.21 % Date: 1/31/2016
Return: 0.51 % Date: 12/31/2015
Return: 0.81 % Date: 11/30/2015
Return: 0.00 % Date: 10/31/2015
Return: 0.00 % Date: 9/30/2015
Return: 0.00 % Date: 8/31/2015
Return: 0.00 % Date: 7/31/2015
Return: 0.00 % Date: 6/30/2015
Return: 0.00 % Date: 5/31/2015
Return: 0.00 % Date: 4/30/2015
Return: 0.00 % Date: 3/31/2015
Return: 0.00 % Date: 2/28/2015
Return: 0.00 % Date: 1/31/2015
Return: 0.00 % Date: 12/31/2014
Return: 0.00 % Date: 11/30/2014
Return: 0.00 % Date: 10/31/2014
Return: 0.00 % Date: 9/30/2014
Return: 0.00 % Date: 8/31/2014
Return: 0.00 % Date: 7/31/2014
Return: 0.00 % Date: 6/30/2014
Return: 0.00 % Date: 5/31/2014
Return: 0.00 % Date: 4/30/2014
Return: 0.00 % Date: 3/31/2014
Return: 0.00 % Date: 2/28/2014
Return: 0.00 % Date: 1/31/2014
Return: 0.00 % Date: 12/31/2013
Return: 0.00 % Date: 11/30/2013
Return: 0.00 % Date: 10/31/2013
Return: 0.00 % Date: 9/30/2013
Return: -3.22 % Date: 8/31/2013
Return: 17.49 % Date: 7/31/2013
Return: 8.88 % Date: 6/30/2013
Return: -3.86 % Date: 5/31/2013
Return: -4.18 % Date: 4/30/2013
Return: 5.58 % Date: 3/31/2013
Return: -13.01 % Date: 2/28/2013
Return: 4.59 % Date: 1/31/2013
Return: 3.43 % Date: 12/31/2012
Return: -1.92 % Date: 11/30/2012
Return: -6.43 % Date: 10/31/2012
Return: -9.23 % Date: 9/30/2012
Return: -28.96 % Date: 8/31/2012
Return: 16.75 % Date: 7/31/2012
Return: 47.72 % Date: 6/30/2012
Return: 46.16 % Date: 5/31/2012
Return: -29.68 % Date: 4/30/2012
Return: 34.03 % Date: 3/31/2012
Return: 14.56 % Date: 2/29/2012
Return: 15.72 % Date: 1/31/2012
Return: -2.62 % Date: 12/31/2011
Return: -6.80 % Date: 11/30/2011
Return: -2.25 % Date: 10/31/2011
Return: 3.54 % Date: 9/30/2011
Return: 6.85 % Date: 8/31/2011
Return: -0.99 % Date: 7/31/2011
Return: 1.46 % Date: 6/30/2011
Return: -2.73 % Date: 5/31/2011
Return: 3.71 % Date: 4/30/2011
Return: -0.51 % Date: 3/31/2011
Return: -10.66 % Date: 2/28/2011
Return: -10.94 % Date: 1/31/2011
Return: -0.93 % Date: 12/31/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 12/10 - 11/17
Return: -14.00 %
Count: 1 Return: 8.00 %
Count: 2 Return: 2.00 %
Count: 1 Return: 9.00 %
Count: 1 Return: -4.00 %
Count: 2 Return: 6.00 %
Count: 1 Return: -13.00 %
Count: 1 Return: 5.00 %
Count: 1 Return: 3.00 %
Count: 2 Return: -6.00 %
Count: 1 Return: -9.00 %
Count: 1 Return: -29.00 %
Count: 1 Return: 17.00 %
Count: 2 Return: 48.00 %
Count: 1 Return: 46.00 %
Count: 1 Return: -30.00 %
Count: 1 Return: 34.00 %
Count: 1 Return: 15.00 %
Count: 1 Return: 16.00 %
Count: 1 Return: -7.00 %
Count: 1 Return: -2.00 %
Count: 4 Return: 7.00 %
Count: 1 Return: 1.00 %
Count: 7 Return: -3.00 %
Count: 5 Return: 4.00 %
Count: 3 Return: -11.00 %
Count: 2 Return: -1.00 %
Count: 7 Return: 0.00 %
Count: 31
Note: All performance data is since program inception.

Underwater Curve
Date Range: 12/10 - 11/17
Date: 11/30/2017
Drawdown: -31.61 % Date: 10/31/2017
Drawdown: -30.66 % Date: 9/30/2017
Drawdown: -30.84 % Date: 8/31/2017
Drawdown: -30.99 % Date: 7/31/2017
Drawdown: -30.56 % Date: 6/30/2017
Drawdown: -31.04 % Date: 5/31/2017
Drawdown: -33.87 % Date: 4/30/2017
Drawdown: -32.16 % Date: 3/31/2017
Drawdown: -32.81 % Date: 2/28/2017
Drawdown: -33.79 % Date: 1/31/2017
Drawdown: -33.89 % Date: 12/31/2016
Drawdown: -34.49 % Date: 11/30/2016
Drawdown: -34.34 % Date: 10/31/2016
Drawdown: -33.65 % Date: 9/30/2016
Drawdown: -32.53 % Date: 8/31/2016
Drawdown: -31.58 % Date: 7/31/2016
Drawdown: -30.31 % Date: 6/30/2016
Drawdown: -18.49 % Date: 5/31/2016
Drawdown: -24.36 % Date: 4/30/2016
Drawdown: -26.70 % Date: 3/31/2016
Drawdown: -32.41 % Date: 2/29/2016
Drawdown: -30.55 % Date: 1/31/2016
Drawdown: -32.05 % Date: 12/31/2015
Drawdown: -32.40 % Date: 11/30/2015
Drawdown: -32.94 % Date: 10/31/2015
Drawdown: -32.94 % Date: 9/30/2015
Drawdown: -32.94 % Date: 8/31/2015
Drawdown: -32.94 % Date: 7/31/2015
Drawdown: -32.94 % Date: 6/30/2015
Drawdown: -32.94 % Date: 5/31/2015
Drawdown: -32.94 % Date: 4/30/2015
Drawdown: -32.94 % Date: 3/31/2015
Drawdown: -32.94 % Date: 2/28/2015
Drawdown: -32.94 % Date: 1/31/2015
Drawdown: -32.94 % Date: 12/31/2014
Drawdown: -32.94 % Date: 11/30/2014
Drawdown: -32.94 % Date: 10/31/2014
Drawdown: -32.94 % Date: 9/30/2014
Drawdown: -32.94 % Date: 8/31/2014
Drawdown: -32.94 % Date: 7/31/2014
Drawdown: -32.94 % Date: 6/30/2014
Drawdown: -32.94 % Date: 5/31/2014
Drawdown: -32.94 % Date: 4/30/2014
Drawdown: -32.94 % Date: 3/31/2014
Drawdown: -32.94 % Date: 2/28/2014
Drawdown: -32.94 % Date: 1/31/2014
Drawdown: -32.94 % Date: 12/31/2013
Drawdown: -32.94 % Date: 11/30/2013
Drawdown: -32.94 % Date: 10/31/2013
Drawdown: -32.94 % Date: 9/30/2013
Drawdown: -32.94 % Date: 8/31/2013
Drawdown: -30.71 % Date: 7/31/2013
Drawdown: -41.03 % Date: 6/30/2013
Drawdown: -45.84 % Date: 5/31/2013
Drawdown: -43.66 % Date: 4/30/2013
Drawdown: -41.20 % Date: 3/31/2013
Drawdown: -44.31 % Date: 2/28/2013
Drawdown: -35.98 % Date: 1/31/2013
Drawdown: -38.79 % Date: 12/31/2012
Drawdown: -40.82 % Date: 11/30/2012
Drawdown: -39.66 % Date: 10/31/2012
Drawdown: -35.52 % Date: 9/30/2012
Drawdown: -28.96 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: -29.68 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: 0.00 % Date: 2/29/2012
Drawdown: -9.74 % Date: 1/31/2012
Drawdown: -22.00 % Date: 12/31/2011
Drawdown: -19.90 % Date: 11/30/2011
Drawdown: -14.05 % Date: 10/31/2011
Drawdown: -12.08 % Date: 9/30/2011
Drawdown: -15.08 % Date: 8/31/2011
Drawdown: -20.53 % Date: 7/31/2011
Drawdown: -19.73 % Date: 6/30/2011
Drawdown: -20.89 % Date: 5/31/2011
Drawdown: -18.67 % Date: 4/30/2011
Drawdown: -21.58 % Date: 3/31/2011
Drawdown: -21.17 % Date: 2/28/2011
Drawdown: -11.77 % Date: 1/31/2011
Drawdown: -0.93 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Ditsch Trading, LLC
Address: 9047 Poplar Ave, Suite 101
City: Germantown
State: TN
Zip: 38138
Country: United States
Key People

Employee information is not available.
Additional Information

The Program Performance information presented in this and other areas of the www.managedfutures.com website was prepared by Altegris Clearing Solutions, LLC, an affiliate within the Altegris Group of Companies, based upon information provided by each respective manager of commodity futures and foreign currency trading programs tracked by Altegris Clearing Solutions and its affiliates. The Program Performance information does not contain opinion or analysis of Altegris Clearing Solutions or any of its affiliates, and the completeness and accuracy of performance information reported to Altegris Clearing Solutions cannot in all cases be independently verified. See “Additional Information” at the end of this page for further details regarding the presentation of performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.