Altegris Clearing Solutions Rotella Capital Management Inc. Eta Carinae Program *QEP*
Monthly Performance (%)
Date Range: 11/08 - 11/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.53 -0.22 0.09 1.96 2.14 -6.36 -2.41 -3.75 2.52 4.83 -0.38 -2.58
2016 3.18 3.41 -1.37 2.78 -0.15 -0.37 -0.40 -0.10 -0.08 -5.14 -4.23 3.36 0.45
2015 -2.18 9.42 -0.53 1.73 -2.08 -3.32 -1.83 16.81 1.32 0.11 1.98 -1.38 19.95
2014 0.45 -0.29 -0.68 1.35 0.97 1.62 0.49 -2.14 -1.24 -6.53 3.21 0.12 -2.96
2013 2.75 -1.14 -0.91 6.72 0.55 -5.91 -0.08 1.93 -0.62 2.69 -2.04 4.81 8.45
2012 0.02 -2.36 5.07 2.30 0.79 3.04 1.71 -0.99 -0.57 2.98 0.32 2.23 15.28
2011 0.14 7.98 -4.86 1.34 -4.88 -1.92 5.87 -0.69 11.90 -3.74 -0.87 0.92 10.20
2010 -1.43 0.33 3.24 -4.06 -0.74 -0.76 1.58 -2.40 1.12 -2.17 0.61 2.22 -2.67
2009 7.08 1.13 -0.68 -4.04 0.97 -0.46 11.52 -0.35 1.13 -2.92 0.01 2.78 16.33
2008 -2.70 -2.70
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Rotella Eta Carinae is a systematic futures program that is designed to identify and capitalize price movements in both bull and bear markets in equity index futures across the globe. The models are a blend of ideas looking to capture trend, breakout and mean reversion behavior in the short and medium term time horizon. All models trade with an equal weighting to the three geographical regions of Asia/Pacific, Europe and North America. It is designed to provide attractive risk-adjusted returns with low downside correlation to both traditional global stock market benchmarks and trend following CTA strategies. The core investment models in Rotella Eta Carinae are based upon Robert Rotella's systematic research coupled with RCM's robust research and trading infrastructure. A top-down portfolio management approach incorporates quantitative portfolio optimization, tactical risk allocation, systematic execution and sophisticated money management techniques to target consistent returns across various market conditions.

Performance Statistics
Date Range: 11/08 - 11/17
  Program SP500 TR Altegris 40
Total Return 72.89% 232.98% 10.10%
Annualized Return 6.27% 14.16% 1.06%
Annualized Std. Deviation 12.48% 13.54% 8.68%
Correlation -0.08 0.14
Sharpe Ratio (rf=2.5%) 0.30 0.86 -0.17
Worst Month -6.53% -10.65% -5.20%
Date of Worst Month 10/2014 02/2009 06/2015
Worst Drawdown -15.49% -23.25% -15.74%
Date of Worst Drawdown 4/16 - 8/17 12/08 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 11/08 - 11/17
Year or YTD Program SP500 TR Altegris 40
2017 -2.58 20.51 0.15
2016 0.45 11.98 -3.13
2015 19.95 1.41 0.09
2014 -2.96 13.69 15.75
2013 8.45 32.41 -2.45
2012 15.28 15.98 -4.75
2011 10.20 2.12 -3.23
2010 -2.67 15.06 11.33
2009 16.33 26.45 -7.98
2008 -2.70 1.06 2.57
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 11/08 - 11/17
Date: 11/30/2017
Perf: $1,062.00 Date: 10/31/2017
Perf: $1,060.62 Date: 9/30/2017
Perf: $1,017.97 Date: 8/31/2017
Perf: $1,039.91 Date: 7/31/2017
Perf: $1,022.93 Date: 6/30/2017
Perf: $1,018.95 Date: 5/31/2017
Perf: $1,049.60 Date: 4/30/2017
Perf: $1,047.61 Date: 3/31/2017
Perf: $1,053.94 Date: 2/28/2017
Perf: $1,069.55 Date: 1/31/2017
Perf: $1,046.73 Date: 12/31/2016
Perf: $1,060.41 Date: 11/30/2016
Perf: $1,052.41 Date: 10/31/2016
Perf: $1,064.12 Date: 9/30/2016
Perf: $1,092.30 Date: 8/31/2016
Perf: $1,106.57 Date: 7/31/2016
Perf: $1,137.16 Date: 6/30/2016
Perf: $1,125.68 Date: 5/31/2016
Perf: $1,079.79 Date: 4/30/2016
Perf: $1,099.02 Date: 3/31/2016
Perf: $1,127.32 Date: 2/29/2016
Perf: $1,160.63 Date: 1/31/2016
Perf: $1,132.76 Date: 12/31/2015
Perf: $1,094.67 Date: 11/30/2015
Perf: $1,120.44 Date: 10/31/2015
Perf: $1,083.49 Date: 9/30/2015
Perf: $1,102.68 Date: 8/31/2015
Perf: $1,079.26 Date: 7/31/2015
Perf: $1,098.26 Date: 6/30/2015
Perf: $1,056.93 Date: 5/31/2015
Perf: $1,114.91 Date: 4/30/2015
Perf: $1,122.99 Date: 3/31/2015
Perf: $1,168.08 Date: 2/28/2015
Perf: $1,142.83 Date: 1/31/2015
Perf: $1,144.66 Date: 12/31/2014
Perf: $1,093.69 Date: 11/30/2014
Perf: $1,074.78 Date: 10/31/2014
Perf: $1,014.42 Date: 9/30/2014
Perf: $999.72 Date: 8/31/2014
Perf: $985.04 Date: 7/31/2014
Perf: $945.07 Date: 6/30/2014
Perf: $952.69 Date: 5/31/2014
Perf: $944.57 Date: 4/30/2014
Perf: $920.99 Date: 3/31/2014
Perf: $914.04 Date: 2/28/2014
Perf: $927.77 Date: 1/31/2014
Perf: $920.23 Date: 12/31/2013
Perf: $944.89 Date: 11/30/2013
Perf: $946.21 Date: 10/31/2013
Perf: $929.39 Date: 9/30/2013
Perf: $908.58 Date: 8/31/2013
Perf: $914.07 Date: 7/31/2013
Perf: $931.96 Date: 6/30/2013
Perf: $940.14 Date: 5/31/2013
Perf: $977.18 Date: 4/30/2013
Perf: $1,021.08 Date: 3/31/2013
Perf: $995.40 Date: 2/28/2013
Perf: $981.27 Date: 1/31/2013
Perf: $987.00 Date: 12/31/2012
Perf: $968.59 Date: 11/30/2012
Perf: $963.87 Date: 10/31/2012
Perf: $961.18 Date: 9/30/2012
Perf: $997.28 Date: 8/31/2012
Perf: $1,014.01 Date: 7/31/2012
Perf: $1,027.99 Date: 6/30/2012
Perf: $987.60 Date: 5/31/2012
Perf: $1,026.18 Date: 4/30/2012
Perf: $1,007.05 Date: 3/31/2012
Perf: $1,001.04 Date: 2/29/2012
Perf: $1,024.30 Date: 1/31/2012
Perf: $1,020.11 Date: 12/31/2011
Perf: $1,016.86 Date: 11/30/2011
Perf: $1,007.19 Date: 10/31/2011
Perf: $1,004.18 Date: 9/30/2011
Perf: $1,045.58 Date: 8/31/2011
Perf: $1,046.21 Date: 7/31/2011
Perf: $1,048.31 Date: 6/30/2011
Perf: $1,011.98 Date: 5/31/2011
Perf: $1,038.99 Date: 4/30/2011
Perf: $1,078.35 Date: 3/31/2011
Perf: $1,037.87 Date: 2/28/2011
Perf: $1,054.00 Date: 1/31/2011
Perf: $1,036.38 Date: 12/31/2010
Perf: $1,050.78 Date: 11/30/2010
Perf: $1,007.55 Date: 10/31/2010
Perf: $1,044.53 Date: 9/30/2010
Perf: $1,005.52 Date: 8/31/2010
Perf: $987.54 Date: 7/31/2010
Perf: $948.28 Date: 6/30/2010
Perf: $960.68 Date: 5/31/2010
Perf: $957.04 Date: 4/30/2010
Perf: $980.77 Date: 3/31/2010
Perf: $965.90 Date: 2/28/2010
Perf: $929.02 Date: 1/31/2010
Perf: $920.37 Date: 12/31/2009
Perf: $943.87 Date: 11/30/2009
Perf: $983.20 Date: 10/31/2009
Perf: $945.11 Date: 9/30/2009
Perf: $969.94 Date: 8/31/2009
Perf: $947.39 Date: 7/31/2009
Perf: $944.27 Date: 6/30/2009
Perf: $945.31 Date: 5/31/2009
Perf: $971.15 Date: 4/30/2009
Perf: $957.93 Date: 3/31/2009
Perf: $990.31 Date: 2/28/2009
Perf: $1,018.52 Date: 1/31/2009
Perf: $1,019.03 Date: 12/31/2008
Perf: $1,025.70 Date: 11/30/2008
Perf: $1,000.00 Date: 11/30/2017
Perf: $3,587.34 Date: 10/31/2017
Perf: $3,480.49 Date: 9/30/2017
Perf: $3,401.24 Date: 8/31/2017
Perf: $3,332.59 Date: 7/31/2017
Perf: $3,322.29 Date: 6/30/2017
Perf: $3,255.23 Date: 5/31/2017
Perf: $3,235.17 Date: 4/30/2017
Perf: $3,190.19 Date: 3/31/2017
Perf: $3,157.67 Date: 2/28/2017
Perf: $3,153.88 Date: 1/31/2017
Perf: $3,033.46 Date: 12/31/2016
Perf: $2,976.89 Date: 11/30/2016
Perf: $2,919.10 Date: 10/31/2016
Perf: $2,814.94 Date: 9/30/2016
Perf: $2,867.13 Date: 8/31/2016
Perf: $2,866.55 Date: 7/31/2016
Perf: $2,862.54 Date: 6/30/2016
Perf: $2,760.68 Date: 5/31/2016
Perf: $2,753.52 Date: 4/30/2016
Perf: $2,704.83 Date: 3/31/2016
Perf: $2,694.32 Date: 2/29/2016
Perf: $2,523.25 Date: 1/31/2016
Perf: $2,526.53 Date: 12/31/2015
Perf: $2,658.39 Date: 11/30/2015
Perf: $2,701.06 Date: 10/31/2015
Perf: $2,692.98 Date: 9/30/2015
Perf: $2,483.39 Date: 8/31/2015
Perf: $2,546.28 Date: 7/31/2015
Perf: $2,709.67 Date: 6/30/2015
Perf: $2,653.94 Date: 5/31/2015
Perf: $2,706.44 Date: 4/30/2015
Perf: $2,671.98 Date: 3/31/2015
Perf: $2,646.57 Date: 2/28/2015
Perf: $2,689.06 Date: 1/31/2015
Perf: $2,542.84 Date: 12/31/2014
Perf: $2,621.49 Date: 11/30/2014
Perf: $2,628.06 Date: 10/31/2014
Perf: $2,559.21 Date: 9/30/2014
Perf: $2,498.26 Date: 8/31/2014
Perf: $2,533.73 Date: 7/31/2014
Perf: $2,436.28 Date: 6/30/2014
Perf: $2,470.37 Date: 5/31/2014
Perf: $2,420.27 Date: 4/30/2014
Perf: $2,364.70 Date: 3/31/2014
Perf: $2,347.33 Date: 2/28/2014
Perf: $2,327.78 Date: 1/31/2014
Perf: $2,226.05 Date: 12/31/2013
Perf: $2,305.83 Date: 11/30/2013
Perf: $2,248.93 Date: 10/31/2013
Perf: $2,182.37 Date: 9/30/2013
Perf: $2,086.39 Date: 8/31/2013
Perf: $2,022.87 Date: 7/31/2013
Perf: $2,083.29 Date: 6/30/2013
Perf: $1,982.39 Date: 5/31/2013
Perf: $2,009.31 Date: 4/30/2013
Perf: $1,963.37 Date: 3/31/2013
Perf: $1,926.19 Date: 2/28/2013
Perf: $1,856.57 Date: 1/31/2013
Perf: $1,831.66 Date: 12/31/2012
Perf: $1,741.45 Date: 11/30/2012
Perf: $1,725.75 Date: 10/31/2012
Perf: $1,715.80 Date: 9/30/2012
Perf: $1,748.14 Date: 8/31/2012
Perf: $1,704.17 Date: 7/31/2012
Perf: $1,666.67 Date: 6/30/2012
Perf: $1,643.82 Date: 5/31/2012
Perf: $1,578.78 Date: 4/30/2012
Perf: $1,679.73 Date: 3/31/2012
Perf: $1,690.38 Date: 2/29/2012
Perf: $1,636.53 Date: 1/31/2012
Perf: $1,568.76 Date: 12/31/2011
Perf: $1,501.50 Date: 11/30/2011
Perf: $1,486.34 Date: 10/31/2011
Perf: $1,489.61 Date: 9/30/2011
Perf: $1,342.84 Date: 8/31/2011
Perf: $1,444.38 Date: 7/31/2011
Perf: $1,527.31 Date: 6/30/2011
Perf: $1,558.96 Date: 5/31/2011
Perf: $1,585.44 Date: 4/30/2011
Perf: $1,603.56 Date: 3/31/2011
Perf: $1,557.46 Date: 2/28/2011
Perf: $1,556.83 Date: 1/31/2011
Perf: $1,505.21 Date: 12/31/2010
Perf: $1,470.36 Date: 11/30/2010
Perf: $1,378.29 Date: 10/31/2010
Perf: $1,378.15 Date: 9/30/2010
Perf: $1,327.57 Date: 8/31/2010
Perf: $1,218.85 Date: 7/31/2010
Perf: $1,276.42 Date: 6/30/2010
Perf: $1,192.80 Date: 5/31/2010
Perf: $1,258.63 Date: 4/30/2010
Perf: $1,367.92 Date: 3/31/2010
Perf: $1,346.65 Date: 2/28/2010
Perf: $1,270.06 Date: 1/31/2010
Perf: $1,231.87 Date: 12/31/2009
Perf: $1,277.88 Date: 11/30/2009
Perf: $1,253.68 Date: 10/31/2009
Perf: $1,182.72 Date: 9/30/2009
Perf: $1,205.13 Date: 8/31/2009
Perf: $1,161.80 Date: 7/31/2009
Perf: $1,121.32 Date: 6/30/2009
Perf: $1,042.51 Date: 5/31/2009
Perf: $1,040.42 Date: 4/30/2009
Perf: $985.34 Date: 3/31/2009
Perf: $899.28 Date: 2/28/2009
Perf: $826.85 Date: 1/31/2009
Perf: $925.41 Date: 12/31/2008
Perf: $1,010.60 Date: 11/30/2008
Perf: $1,000.00 Date: 11/30/2017
Perf: $1,728.88 Date: 10/31/2017
Perf: $1,735.47 Date: 9/30/2017
Perf: $1,655.51 Date: 8/31/2017
Perf: $1,614.82 Date: 7/31/2017
Perf: $1,677.73 Date: 6/30/2017
Perf: $1,719.16 Date: 5/31/2017
Perf: $1,835.93 Date: 4/30/2017
Perf: $1,797.46 Date: 3/31/2017
Perf: $1,762.91 Date: 2/28/2017
Perf: $1,761.32 Date: 1/31/2017
Perf: $1,765.21 Date: 12/31/2016
Perf: $1,774.61 Date: 11/30/2016
Perf: $1,716.93 Date: 10/31/2016
Perf: $1,792.76 Date: 9/30/2016
Perf: $1,889.90 Date: 8/31/2016
Perf: $1,891.41 Date: 7/31/2016
Perf: $1,893.31 Date: 6/30/2016
Perf: $1,900.91 Date: 5/31/2016
Perf: $1,907.97 Date: 4/30/2016
Perf: $1,910.84 Date: 3/31/2016
Perf: $1,859.15 Date: 2/29/2016
Perf: $1,884.98 Date: 1/31/2016
Perf: $1,822.82 Date: 12/31/2015
Perf: $1,766.64 Date: 11/30/2015
Perf: $1,791.36 Date: 10/31/2015
Perf: $1,756.58 Date: 9/30/2015
Perf: $1,754.65 Date: 8/31/2015
Perf: $1,731.79 Date: 7/31/2015
Perf: $1,482.57 Date: 6/30/2015
Perf: $1,510.21 Date: 5/31/2015
Perf: $1,562.07 Date: 4/30/2015
Perf: $1,595.25 Date: 3/31/2015
Perf: $1,568.12 Date: 2/28/2015
Perf: $1,576.47 Date: 1/31/2015
Perf: $1,440.76 Date: 12/31/2014
Perf: $1,472.86 Date: 11/30/2014
Perf: $1,471.10 Date: 10/31/2014
Perf: $1,425.34 Date: 9/30/2014
Perf: $1,524.92 Date: 8/31/2014
Perf: $1,544.07 Date: 7/31/2014
Perf: $1,577.83 Date: 6/30/2014
Perf: $1,570.14 Date: 5/31/2014
Perf: $1,545.11 Date: 4/30/2014
Perf: $1,530.27 Date: 3/31/2014
Perf: $1,509.88 Date: 2/28/2014
Perf: $1,520.22 Date: 1/31/2014
Perf: $1,524.64 Date: 12/31/2013
Perf: $1,517.81 Date: 11/30/2013
Perf: $1,448.16 Date: 10/31/2013
Perf: $1,478.31 Date: 9/30/2013
Perf: $1,439.59 Date: 8/31/2013
Perf: $1,448.57 Date: 7/31/2013
Perf: $1,421.14 Date: 6/30/2013
Perf: $1,422.28 Date: 5/31/2013
Perf: $1,511.62 Date: 4/30/2013
Perf: $1,503.35 Date: 3/31/2013
Perf: $1,408.68 Date: 2/28/2013
Perf: $1,421.62 Date: 1/31/2013
Perf: $1,438.01 Date: 12/31/2012
Perf: $1,399.53 Date: 11/30/2012
Perf: $1,369.00 Date: 10/31/2012
Perf: $1,364.63 Date: 9/30/2012
Perf: $1,325.14 Date: 8/31/2012
Perf: $1,332.74 Date: 7/31/2012
Perf: $1,346.06 Date: 6/30/2012
Perf: $1,323.43 Date: 5/31/2012
Perf: $1,284.39 Date: 4/30/2012
Perf: $1,274.32 Date: 3/31/2012
Perf: $1,245.67 Date: 2/29/2012
Perf: $1,185.56 Date: 1/31/2012
Perf: $1,214.22 Date: 12/31/2011
Perf: $1,213.98 Date: 11/30/2011
Perf: $1,202.91 Date: 10/31/2011
Perf: $1,213.47 Date: 9/30/2011
Perf: $1,260.61 Date: 8/31/2011
Perf: $1,126.55 Date: 7/31/2011
Perf: $1,134.38 Date: 6/30/2011
Perf: $1,071.48 Date: 5/31/2011
Perf: $1,092.46 Date: 4/30/2011
Perf: $1,148.51 Date: 3/31/2011
Perf: $1,133.32 Date: 2/28/2011
Perf: $1,191.21 Date: 1/31/2011
Perf: $1,103.18 Date: 12/31/2010
Perf: $1,101.64 Date: 11/30/2010
Perf: $1,077.71 Date: 10/31/2010
Perf: $1,071.18 Date: 9/30/2010
Perf: $1,094.94 Date: 8/31/2010
Perf: $1,082.81 Date: 7/31/2010
Perf: $1,109.44 Date: 6/30/2010
Perf: $1,092.18 Date: 5/31/2010
Perf: $1,100.54 Date: 4/30/2010
Perf: $1,108.75 Date: 3/31/2010
Perf: $1,155.67 Date: 2/28/2010
Perf: $1,119.40 Date: 1/31/2010
Perf: $1,115.72 Date: 12/31/2009
Perf: $1,131.91 Date: 11/30/2009
Perf: $1,101.29 Date: 10/31/2009
Perf: $1,101.18 Date: 9/30/2009
Perf: $1,134.30 Date: 8/31/2009
Perf: $1,121.63 Date: 7/31/2009
Perf: $1,125.57 Date: 6/30/2009
Perf: $1,009.30 Date: 5/31/2009
Perf: $1,013.96 Date: 4/30/2009
Perf: $1,004.22 Date: 3/31/2009
Perf: $1,046.50 Date: 2/28/2009
Perf: $1,053.66 Date: 1/31/2009
Perf: $1,041.89 Date: 12/31/2008
Perf: $973.00 Date: 11/30/2008
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 11/08 - 11/17
Date: 11/30/2017
Return: -0.38 % Date: 10/31/2017
Return: 4.83 % Date: 9/30/2017
Return: 2.52 % Date: 8/31/2017
Return: -3.75 % Date: 7/31/2017
Return: -2.41 % Date: 6/30/2017
Return: -6.36 % Date: 5/31/2017
Return: 2.14 % Date: 4/30/2017
Return: 1.96 % Date: 3/31/2017
Return: 0.09 % Date: 2/28/2017
Return: -0.22 % Date: 1/31/2017
Return: -0.53 % Date: 12/31/2016
Return: 3.36 % Date: 11/30/2016
Return: -4.23 % Date: 10/31/2016
Return: -5.14 % Date: 9/30/2016
Return: -0.08 % Date: 8/31/2016
Return: -0.10 % Date: 7/31/2016
Return: -0.40 % Date: 6/30/2016
Return: -0.37 % Date: 5/31/2016
Return: -0.15 % Date: 4/30/2016
Return: 2.78 % Date: 3/31/2016
Return: -1.37 % Date: 2/29/2016
Return: 3.41 % Date: 1/31/2016
Return: 3.18 % Date: 12/31/2015
Return: -1.38 % Date: 11/30/2015
Return: 1.98 % Date: 10/31/2015
Return: 0.11 % Date: 9/30/2015
Return: 1.32 % Date: 8/31/2015
Return: 16.81 % Date: 7/31/2015
Return: -1.83 % Date: 6/30/2015
Return: -3.32 % Date: 5/31/2015
Return: -2.08 % Date: 4/30/2015
Return: 1.73 % Date: 3/31/2015
Return: -0.53 % Date: 2/28/2015
Return: 9.42 % Date: 1/31/2015
Return: -2.18 % Date: 12/31/2014
Return: 0.12 % Date: 11/30/2014
Return: 3.21 % Date: 10/31/2014
Return: -6.53 % Date: 9/30/2014
Return: -1.24 % Date: 8/31/2014
Return: -2.14 % Date: 7/31/2014
Return: 0.49 % Date: 6/30/2014
Return: 1.62 % Date: 5/31/2014
Return: 0.97 % Date: 4/30/2014
Return: 1.35 % Date: 3/31/2014
Return: -0.68 % Date: 2/28/2014
Return: -0.29 % Date: 1/31/2014
Return: 0.45 % Date: 12/31/2013
Return: 4.81 % Date: 11/30/2013
Return: -2.04 % Date: 10/31/2013
Return: 2.69 % Date: 9/30/2013
Return: -0.62 % Date: 8/31/2013
Return: 1.93 % Date: 7/31/2013
Return: -0.08 % Date: 6/30/2013
Return: -5.91 % Date: 5/31/2013
Return: 0.55 % Date: 4/30/2013
Return: 6.72 % Date: 3/31/2013
Return: -0.91 % Date: 2/28/2013
Return: -1.14 % Date: 1/31/2013
Return: 2.75 % Date: 12/31/2012
Return: 2.23 % Date: 11/30/2012
Return: 0.32 % Date: 10/31/2012
Return: 2.98 % Date: 9/30/2012
Return: -0.57 % Date: 8/31/2012
Return: -0.99 % Date: 7/31/2012
Return: 1.71 % Date: 6/30/2012
Return: 3.04 % Date: 5/31/2012
Return: 0.79 % Date: 4/30/2012
Return: 2.30 % Date: 3/31/2012
Return: 5.07 % Date: 2/29/2012
Return: -2.36 % Date: 1/31/2012
Return: 0.02 % Date: 12/31/2011
Return: 0.92 % Date: 11/30/2011
Return: -0.87 % Date: 10/31/2011
Return: -3.74 % Date: 9/30/2011
Return: 11.90 % Date: 8/31/2011
Return: -0.69 % Date: 7/31/2011
Return: 5.87 % Date: 6/30/2011
Return: -1.92 % Date: 5/31/2011
Return: -4.88 % Date: 4/30/2011
Return: 1.34 % Date: 3/31/2011
Return: -4.86 % Date: 2/28/2011
Return: 7.98 % Date: 1/31/2011
Return: 0.14 % Date: 12/31/2010
Return: 2.22 % Date: 11/30/2010
Return: 0.61 % Date: 10/31/2010
Return: -2.17 % Date: 9/30/2010
Return: 1.12 % Date: 8/31/2010
Return: -2.40 % Date: 7/31/2010
Return: 1.58 % Date: 6/30/2010
Return: -0.76 % Date: 5/31/2010
Return: -0.74 % Date: 4/30/2010
Return: -4.06 % Date: 3/31/2010
Return: 3.24 % Date: 2/28/2010
Return: 0.33 % Date: 1/31/2010
Return: -1.43 % Date: 12/31/2009
Return: 2.78 % Date: 11/30/2009
Return: 0.01 % Date: 10/31/2009
Return: -2.92 % Date: 9/30/2009
Return: 1.13 % Date: 8/31/2009
Return: -0.35 % Date: 7/31/2009
Return: 11.52 % Date: 6/30/2009
Return: -0.46 % Date: 5/31/2009
Return: 0.97 % Date: 4/30/2009
Return: -4.04 % Date: 3/31/2009
Return: -0.68 % Date: 2/28/2009
Return: 1.13 % Date: 1/31/2009
Return: 7.08 % Date: 12/31/2008
Return: -2.70 % Date: 11/30/2008
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 11/08 - 11/17
Return: 17.00 %
Count: 1 Return: 9.00 %
Count: 1 Return: -7.00 %
Count: 1 Return: -6.00 %
Count: 2 Return: 5.00 %
Count: 3 Return: 6.00 %
Count: 1 Return: -5.00 %
Count: 3 Return: 8.00 %
Count: 1 Return: -2.00 %
Count: 10 Return: 2.00 %
Count: 11 Return: 3.00 %
Count: 12 Return: 12.00 %
Count: 2 Return: -4.00 %
Count: 5 Return: -1.00 %
Count: 17 Return: 1.00 %
Count: 12 Return: 7.00 %
Count: 2 Return: -3.00 %
Count: 3 Return: 0.00 %
Count: 22
Note: All performance data is since program inception.

Underwater Curve
Date Range: 11/08 - 11/17
Date: 11/30/2017
Drawdown: -9.52 % Date: 10/31/2017
Drawdown: -9.18 % Date: 9/30/2017
Drawdown: -13.36 % Date: 8/31/2017
Drawdown: -15.49 % Date: 7/31/2017
Drawdown: -12.20 % Date: 6/30/2017
Drawdown: -10.03 % Date: 5/31/2017
Drawdown: -3.92 % Date: 4/30/2017
Drawdown: -5.93 % Date: 3/31/2017
Drawdown: -7.74 % Date: 2/28/2017
Drawdown: -7.82 % Date: 1/31/2017
Drawdown: -7.62 % Date: 12/31/2016
Drawdown: -7.13 % Date: 11/30/2016
Drawdown: -10.15 % Date: 10/31/2016
Drawdown: -6.18 % Date: 9/30/2016
Drawdown: -1.10 % Date: 8/31/2016
Drawdown: -1.02 % Date: 7/31/2016
Drawdown: -0.92 % Date: 6/30/2016
Drawdown: -0.52 % Date: 5/31/2016
Drawdown: -0.15 % Date: 4/30/2016
Drawdown: 0.00 % Date: 3/31/2016
Drawdown: -1.37 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: 0.00 % Date: 12/31/2015
Drawdown: -1.38 % Date: 11/30/2015
Drawdown: 0.00 % Date: 10/31/2015
Drawdown: 0.00 % Date: 9/30/2015
Drawdown: 0.00 % Date: 8/31/2015
Drawdown: 0.00 % Date: 7/31/2015
Drawdown: -7.06 % Date: 6/30/2015
Drawdown: -5.33 % Date: 5/31/2015
Drawdown: -2.08 % Date: 4/30/2015
Drawdown: 0.00 % Date: 3/31/2015
Drawdown: -0.62 % Date: 2/28/2015
Drawdown: -0.09 % Date: 1/31/2015
Drawdown: -8.69 % Date: 12/31/2014
Drawdown: -6.65 % Date: 11/30/2014
Drawdown: -6.76 % Date: 10/31/2014
Drawdown: -9.66 % Date: 9/30/2014
Drawdown: -3.35 % Date: 8/31/2014
Drawdown: -2.14 % Date: 7/31/2014
Drawdown: 0.00 % 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: -0.97 % Date: 2/28/2014
Drawdown: -0.29 % Date: 1/31/2014
Drawdown: 0.00 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: -4.20 % Date: 10/31/2013
Drawdown: -2.20 % Date: 9/30/2013
Drawdown: -4.76 % Date: 8/31/2013
Drawdown: -4.17 % Date: 7/31/2013
Drawdown: -5.99 % Date: 6/30/2013
Drawdown: -5.91 % Date: 5/31/2013
Drawdown: 0.00 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: -2.04 % Date: 2/28/2013
Drawdown: -1.14 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: 0.00 % Date: 9/30/2012
Drawdown: -1.55 % Date: 8/31/2012
Drawdown: -0.99 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: -1.19 % Date: 2/29/2012
Drawdown: -5.95 % Date: 1/31/2012
Drawdown: -3.68 % Date: 12/31/2011
Drawdown: -3.70 % Date: 11/30/2011
Drawdown: -4.58 % Date: 10/31/2011
Drawdown: -3.74 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -5.43 % Date: 7/31/2011
Drawdown: -4.77 % Date: 6/30/2011
Drawdown: -10.05 % Date: 5/31/2011
Drawdown: -8.29 % Date: 4/30/2011
Drawdown: -3.59 % Date: 3/31/2011
Drawdown: -4.86 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -4.54 % Date: 12/31/2010
Drawdown: -4.68 % Date: 11/30/2010
Drawdown: -6.75 % Date: 10/31/2010
Drawdown: -7.31 % Date: 9/30/2010
Drawdown: -5.26 % Date: 8/31/2010
Drawdown: -6.30 % Date: 7/31/2010
Drawdown: -4.00 % Date: 6/30/2010
Drawdown: -5.49 % Date: 5/31/2010
Drawdown: -4.77 % Date: 4/30/2010
Drawdown: -4.06 % Date: 3/31/2010
Drawdown: 0.00 % Date: 2/28/2010
Drawdown: -1.31 % Date: 1/31/2010
Drawdown: -1.64 % Date: 12/31/2009
Drawdown: -0.21 % Date: 11/30/2009
Drawdown: -2.91 % Date: 10/31/2009
Drawdown: -2.92 % Date: 9/30/2009
Drawdown: 0.00 % Date: 8/31/2009
Drawdown: -0.35 % Date: 7/31/2009
Drawdown: 0.00 % Date: 6/30/2009
Drawdown: -4.21 % Date: 5/31/2009
Drawdown: -3.77 % Date: 4/30/2009
Drawdown: -4.69 % Date: 3/31/2009
Drawdown: -0.68 % Date: 2/28/2009
Drawdown: 0.00 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: -2.70 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Rotella Capital Management Inc.
Address: 800 Bellevue Way NE, Suite 200
City: Bellevue
State: WA
Zip: 98004
Country: USA
Key People
Name:  Robert P. Rotella
Position:  Principal
Biography: 

Robert Rotella established Rotella Capital Management, Inc. in 1995 to formalize the management of the Rotella Polaris Program, which was launched via an allocation from Commodities Corporation in 1991. Mr. Rotella has since evolved the firm into an institutional class business trading a diversified suite of managed futures investment strategies. In addition to his role as Fund Manager of the Polaris and Orion programs, Mr. Rotella currently leads the research efforts of the firm, and as CEO is responsible for providing the strategic direction to the Board of Directors and staff. Mr. Rotella graduated from Rensselaer Polytechnic Institute with a Bachelor of Science Degree in Chemical Engineering and received a Masters of Business Administration Degree at Temple University.


Name:  Veeru Perianan
Position:  Portfolio Manager
Biography: 

Veeru Perianan is the Portfolio manager for the Rotella TEXO Program. Prior to joining Rotella Capital in 2003, Veeru worked in finance for over 7 years focused on the areas of structured finance, equity trading and portfolio management. During his early years at Rotella he worked in a variety of research areas spanning risk management, portfolio construction and system analysis. His interest in pairs trading led him to spearhead the relative value research efforts at Rotella, an area where he has concentrated his efforts since 2005. The Rotella TEXO (Global RV) Program began trading proprietary capital under the direction of Mr. Perianan in June 2007 and was launched to the public in September 2009. Education: BA Economics; Master’s Degree Financial Markets / Financial Engineering; MBA.


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.