Altegris Clearing Solutions Ortus Capital Management Ltd. FX Strategy
Important 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.
Manager Selection

Monthly Performance (%)
Date Range: 09/03 - 04/13
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2013 -4.31 -2.01 -1.87 -2.70 -10.47
2012 1.57 -3.56 -4.16 2.45 -0.43 -2.95 4.18 -0.40 -0.78 -5.62 -2.13 -6.45 -17.32
2011 -3.31 2.52 1.51 5.27 -3.69 1.07 2.58 -0.52 -0.65 0.35 -0.44 1.23 5.72
2010 2.49 2.18 0.78 1.39 -4.18 6.47 3.59 1.92 5.13 1.61 -2.68 6.73 27.89
2009 1.26 -2.81 1.23 2.10 4.14 3.00 -0.40 4.06 5.40 1.99 1.70 -3.70 19.05
2008 5.55 3.99 1.30 3.60 0.79 0.31 1.19 -14.09 -7.14 -3.89 3.73 0.42 -5.88
2007 2.17 -2.16 1.86 1.90 -2.35 4.63 0.00 -6.70 3.64 3.05 -2.13 -3.26 0.01
2006 3.84 -2.83 2.17 -0.06 0.35 1.51 7.03 3.40 -0.13 5.42 5.02 4.80 34.59
2005 3.99 3.07 -1.23 4.94 -0.28 2.01 -0.16 -4.54 4.67 3.40 1.05 -1.86 15.60
2004 8.22 5.54 -6.00 -3.52 0.70 -2.71 2.50 -2.20 0.61 -1.03 1.55 0.67 3.56
2003 6.56 2.41 7.10 16.88
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Ortus FX Strategy pursues a fundamentally-based systematic approach to trading the global currency markets. The program seeks to profit from fundamentally-driven currency cycles over time horizons ranging from a few days to several years. Ortus believes that currency values are a reflection of relative economic and monetary conditions, and the interplay between capital productivity and monetary policy are the key components of forecasting currency returns. The program’s investment models are built from a deep understanding of economic fundamentals and currency drivers, and model forecasts are adaptable to changing market conditions. The program utilizes sophisticated risk management tools which aim to optimally control volatility and drawdowns at the overall portfolio level. Ortus focuses its trading within the most liquid (G10) currencies and has smaller-sized exposures to the major Developed and Emerging Market currencies.
Performance Statistics
Date Range: 09/03 - 04/13
  Program SP500 TR Barcl GM
Total Return 111.22% 92.98% 70.91%
Annualized Return 8.11% 7.04% 5.70%
Annualized Std. Deviation 12.46% 14.73% 5.20%
Correlation 0.20 0.40
Sharpe Ratio (rf=2.5%) 0.45 0.31 0.62
Worst Month -14.09% -16.80% -3.27%
Date of Worst Month 08/2008 10/2008 09/2008
Worst Drawdown -27.12% -50.95% -6.42%
Date of Worst Drawdown 1/12 - 4/13 10/07 - 2/09 2/08 - 10/08
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 09/03 - 04/13
Year or YTD Program SP500 TR Barcl GM
2013 -10.47 12.74 4.44
2012 -17.32 15.98 2.57
2011 5.72 2.12 -3.65
2010 27.89 15.06 6.75
2009 19.05 26.45 7.48
2008 -5.88 -37.00 -0.65
2007 0.01 5.50 11.40
2006 34.59 15.79 7.84
2005 15.60 4.89 9.42
2004 3.56 10.87 2.94
2003 16.88 12.18 5.54
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 09/03 - 04/13
Date: 4/30/2013 Perf: $1,680.08 Date: 3/31/2013 Perf: $1,657.54 Date: 2/28/2013 Perf: $1,639.02 Date: 1/31/2013 Perf: $1,638.53 Date: 12/31/2012 Perf: $1,608.61 Date: 11/30/2012 Perf: $1,593.47 Date: 10/31/2012 Perf: $1,594.59 Date: 9/30/2012 Perf: $1,607.93 Date: 8/31/2012 Perf: $1,601.68 Date: 7/31/2012 Perf: $1,592.77 Date: 6/30/2012 Perf: $1,569.38 Date: 5/31/2012 Perf: $1,577.43 Date: 4/30/2012 Perf: $1,596.91 Date: 3/31/2012 Perf: $1,611.74 Date: 2/29/2012 Perf: $1,621.30 Date: 1/31/2012 Perf: $1,598.76 Date: 12/31/2011 Perf: $1,568.33 Date: 11/30/2011 Perf: $1,569.12 Date: 10/31/2011 Perf: $1,579.07 Date: 9/30/2011 Perf: $1,564.52 Date: 8/31/2011 Perf: $1,591.09 Date: 7/31/2011 Perf: $1,614.66 Date: 6/30/2011 Perf: $1,602.01 Date: 5/31/2011 Perf: $1,627.72 Date: 4/30/2011 Perf: $1,652.01 Date: 3/31/2011 Perf: $1,622.80 Date: 2/28/2011 Perf: $1,630.30 Date: 1/31/2011 Perf: $1,617.52 Date: 12/31/2010 Perf: $1,627.77 Date: 11/30/2010 Perf: $1,594.92 Date: 10/31/2010 Perf: $1,603.26 Date: 9/30/2010 Perf: $1,583.46 Date: 8/31/2010 Perf: $1,538.24 Date: 7/31/2010 Perf: $1,524.52 Date: 6/30/2010 Perf: $1,518.90 Date: 5/31/2010 Perf: $1,516.17 Date: 4/30/2010 Perf: $1,544.12 Date: 3/31/2010 Perf: $1,539.81 Date: 2/28/2010 Perf: $1,512.28 Date: 1/31/2010 Perf: $1,506.11 Date: 12/31/2009 Perf: $1,524.86 Date: 11/30/2009 Perf: $1,532.68 Date: 10/31/2009 Perf: $1,504.10 Date: 9/30/2009 Perf: $1,505.16 Date: 8/31/2009 Perf: $1,467.87 Date: 7/31/2009 Perf: $1,464.94 Date: 6/30/2009 Perf: $1,445.43 Date: 5/31/2009 Perf: $1,464.91 Date: 4/30/2009 Perf: $1,411.55 Date: 3/31/2009 Perf: $1,397.03 Date: 2/28/2009 Perf: $1,389.66 Date: 1/31/2009 Perf: $1,410.39 Date: 12/31/2008 Perf: $1,418.76 Date: 11/30/2008 Perf: $1,396.42 Date: 10/31/2008 Perf: $1,388.78 Date: 9/30/2008 Perf: $1,391.43 Date: 8/31/2008 Perf: $1,438.46 Date: 7/31/2008 Perf: $1,451.67 Date: 6/30/2008 Perf: $1,480.70 Date: 5/31/2008 Perf: $1,475.97 Date: 4/30/2008 Perf: $1,461.36 Date: 3/31/2008 Perf: $1,448.61 Date: 2/29/2008 Perf: $1,484.08 Date: 1/31/2008 Perf: $1,432.23 Date: 12/31/2007 Perf: $1,428.09 Date: 11/30/2007 Perf: $1,408.79 Date: 10/31/2007 Perf: $1,422.88 Date: 9/30/2007 Perf: $1,379.69 Date: 8/31/2007 Perf: $1,328.29 Date: 7/31/2007 Perf: $1,355.81 Date: 6/30/2007 Perf: $1,345.19 Date: 5/31/2007 Perf: $1,331.21 Date: 4/30/2007 Perf: $1,307.41 Date: 3/31/2007 Perf: $1,285.69 Date: 2/28/2007 Perf: $1,289.94 Date: 1/31/2007 Perf: $1,287.37 Date: 12/31/2006 Perf: $1,281.98 Date: 11/30/2006 Perf: $1,268.16 Date: 10/31/2006 Perf: $1,233.50 Date: 9/30/2006 Perf: $1,215.03 Date: 8/31/2006 Perf: $1,229.41 Date: 7/31/2006 Perf: $1,238.46 Date: 6/30/2006 Perf: $1,245.81 Date: 5/31/2006 Perf: $1,248.93 Date: 4/30/2006 Perf: $1,278.46 Date: 3/31/2006 Perf: $1,240.26 Date: 2/28/2006 Perf: $1,228.10 Date: 1/31/2006 Perf: $1,236.01 Date: 12/31/2005 Perf: $1,188.82 Date: 11/30/2005 Perf: $1,166.76 Date: 10/31/2005 Perf: $1,142.43 Date: 9/30/2005 Perf: $1,162.07 Date: 8/31/2005 Perf: $1,124.95 Date: 7/31/2005 Perf: $1,115.91 Date: 6/30/2005 Perf: $1,102.13 Date: 5/31/2005 Perf: $1,088.42 Date: 4/30/2005 Perf: $1,077.85 Date: 3/31/2005 Perf: $1,091.17 Date: 2/28/2005 Perf: $1,100.41 Date: 1/31/2005 Perf: $1,077.14 Date: 12/31/2004 Perf: $1,086.49 Date: 11/30/2004 Perf: $1,077.44 Date: 10/31/2004 Perf: $1,045.95 Date: 9/30/2004 Perf: $1,036.73 Date: 8/31/2004 Perf: $1,033.63 Date: 7/31/2004 Perf: $1,036.11 Date: 6/30/2004 Perf: $1,045.31 Date: 5/31/2004 Perf: $1,045.62 Date: 4/30/2004 Perf: $1,051.83 Date: 3/31/2004 Perf: $1,074.61 Date: 2/29/2004 Perf: $1,073.65 Date: 1/31/2004 Perf: $1,061.96 Date: 12/31/2003 Perf: $1,055.42 Date: 11/30/2003 Perf: $1,019.53 Date: 10/31/2003 Perf: $1,017.60 Date: 9/30/2003 Perf: $1,000.00 Date: 4/30/2013 Perf: $1,950.44 Date: 3/31/2013 Perf: $1,913.51 Date: 2/28/2013 Perf: $1,844.35 Date: 1/31/2013 Perf: $1,819.60 Date: 12/31/2012 Perf: $1,729.99 Date: 11/30/2012 Perf: $1,714.39 Date: 10/31/2012 Perf: $1,704.50 Date: 9/30/2012 Perf: $1,736.63 Date: 8/31/2012 Perf: $1,692.95 Date: 7/31/2012 Perf: $1,655.70 Date: 6/30/2012 Perf: $1,633.00 Date: 5/31/2012 Perf: $1,568.38 Date: 4/30/2012 Perf: $1,668.67 Date: 3/31/2012 Perf: $1,679.25 Date: 2/29/2012 Perf: $1,625.76 Date: 1/31/2012 Perf: $1,558.44 Date: 12/31/2011 Perf: $1,491.61 Date: 11/30/2011 Perf: $1,476.55 Date: 10/31/2011 Perf: $1,479.81 Date: 9/30/2011 Perf: $1,334.00 Date: 8/31/2011 Perf: $1,434.87 Date: 7/31/2011 Perf: $1,517.26 Date: 6/30/2011 Perf: $1,548.70 Date: 5/31/2011 Perf: $1,575.00 Date: 4/30/2011 Perf: $1,593.00 Date: 3/31/2011 Perf: $1,547.20 Date: 2/28/2011 Perf: $1,546.59 Date: 1/31/2011 Perf: $1,495.30 Date: 12/31/2010 Perf: $1,460.68 Date: 11/30/2010 Perf: $1,369.21 Date: 10/31/2010 Perf: $1,369.08 Date: 9/30/2010 Perf: $1,318.83 Date: 8/31/2010 Perf: $1,210.82 Date: 7/31/2010 Perf: $1,268.01 Date: 6/30/2010 Perf: $1,184.95 Date: 5/31/2010 Perf: $1,250.34 Date: 4/30/2010 Perf: $1,358.92 Date: 3/31/2010 Perf: $1,337.78 Date: 2/28/2010 Perf: $1,261.70 Date: 1/31/2010 Perf: $1,223.76 Date: 12/31/2009 Perf: $1,269.46 Date: 11/30/2009 Perf: $1,245.43 Date: 10/31/2009 Perf: $1,174.93 Date: 9/30/2009 Perf: $1,197.20 Date: 8/31/2009 Perf: $1,154.15 Date: 7/31/2009 Perf: $1,113.94 Date: 6/30/2009 Perf: $1,035.64 Date: 5/31/2009 Perf: $1,033.58 Date: 4/30/2009 Perf: $978.86 Date: 3/31/2009 Perf: $893.36 Date: 2/28/2009 Perf: $821.41 Date: 1/31/2009 Perf: $919.31 Date: 12/31/2008 Perf: $1,003.95 Date: 11/30/2008 Perf: $993.42 Date: 10/31/2008 Perf: $1,070.26 Date: 9/30/2008 Perf: $1,286.37 Date: 8/31/2008 Perf: $1,412.20 Date: 7/31/2008 Perf: $1,392.01 Date: 6/30/2008 Perf: $1,403.81 Date: 5/31/2008 Perf: $1,533.04 Date: 4/30/2008 Perf: $1,513.37 Date: 3/31/2008 Perf: $1,443.09 Date: 2/29/2008 Perf: $1,449.32 Date: 1/31/2008 Perf: $1,498.01 Date: 12/31/2007 Perf: $1,593.62 Date: 11/30/2007 Perf: $1,604.70 Date: 10/31/2007 Perf: $1,674.70 Date: 9/30/2007 Perf: $1,648.49 Date: 8/31/2007 Perf: $1,589.06 Date: 7/31/2007 Perf: $1,565.57 Date: 6/30/2007 Perf: $1,615.66 Date: 5/31/2007 Perf: $1,642.93 Date: 4/30/2007 Perf: $1,587.53 Date: 3/31/2007 Perf: $1,520.18 Date: 2/28/2007 Perf: $1,503.35 Date: 1/31/2007 Perf: $1,533.40 Date: 12/31/2006 Perf: $1,510.59 Date: 11/30/2006 Perf: $1,489.73 Date: 10/31/2006 Perf: $1,461.96 Date: 9/30/2006 Perf: $1,415.80 Date: 8/31/2006 Perf: $1,380.19 Date: 7/31/2006 Perf: $1,348.11 Date: 6/30/2006 Perf: $1,339.80 Date: 5/31/2006 Perf: $1,337.93 Date: 4/30/2006 Perf: $1,377.60 Date: 3/31/2006 Perf: $1,359.39 Date: 2/28/2006 Perf: $1,342.74 Date: 1/31/2006 Perf: $1,339.12 Date: 12/31/2005 Perf: $1,304.55 Date: 11/30/2005 Perf: $1,304.16 Date: 10/31/2005 Perf: $1,256.66 Date: 9/30/2005 Perf: $1,278.00 Date: 8/31/2005 Perf: $1,267.73 Date: 7/31/2005 Perf: $1,279.37 Date: 6/30/2005 Perf: $1,233.49 Date: 5/31/2005 Perf: $1,231.76 Date: 4/30/2005 Perf: $1,193.80 Date: 3/31/2005 Perf: $1,216.92 Date: 2/28/2005 Perf: $1,238.85 Date: 1/31/2005 Perf: $1,213.37 Date: 12/31/2004 Perf: $1,243.72 Date: 11/30/2004 Perf: $1,202.82 Date: 10/31/2004 Perf: $1,156.00 Date: 9/30/2004 Perf: $1,138.58 Date: 8/31/2004 Perf: $1,126.42 Date: 7/31/2004 Perf: $1,121.93 Date: 6/30/2004 Perf: $1,160.34 Date: 5/31/2004 Perf: $1,138.25 Date: 4/30/2004 Perf: $1,122.87 Date: 3/31/2004 Perf: $1,140.78 Date: 2/29/2004 Perf: $1,158.27 Date: 1/31/2004 Perf: $1,142.39 Date: 12/31/2003 Perf: $1,121.75 Date: 11/30/2003 Perf: $1,065.90 Date: 10/31/2003 Perf: $1,056.60 Date: 9/30/2003 Perf: $1,000.00 Date: 4/30/2013 Perf: $2,112.22 Date: 3/31/2013 Perf: $2,170.84 Date: 2/28/2013 Perf: $2,212.20 Date: 1/31/2013 Perf: $2,257.58 Date: 12/31/2012 Perf: $2,359.27 Date: 11/30/2012 Perf: $2,521.93 Date: 10/31/2012 Perf: $2,576.82 Date: 9/30/2012 Perf: $2,730.26 Date: 8/31/2012 Perf: $2,751.72 Date: 7/31/2012 Perf: $2,762.77 Date: 6/30/2012 Perf: $2,651.92 Date: 5/31/2012 Perf: $2,732.53 Date: 4/30/2012 Perf: $2,744.33 Date: 3/31/2012 Perf: $2,678.70 Date: 2/29/2012 Perf: $2,794.98 Date: 1/31/2012 Perf: $2,898.15 Date: 12/31/2011 Perf: $2,853.35 Date: 11/30/2011 Perf: $2,818.68 Date: 10/31/2011 Perf: $2,831.14 Date: 9/30/2011 Perf: $2,821.26 Date: 8/31/2011 Perf: $2,839.72 Date: 7/31/2011 Perf: $2,854.57 Date: 6/30/2011 Perf: $2,782.77 Date: 5/31/2011 Perf: $2,753.31 Date: 4/30/2011 Perf: $2,858.80 Date: 3/31/2011 Perf: $2,715.68 Date: 2/28/2011 Perf: $2,675.29 Date: 1/31/2011 Perf: $2,609.53 Date: 12/31/2010 Perf: $2,698.86 Date: 11/30/2010 Perf: $2,528.68 Date: 10/31/2010 Perf: $2,598.31 Date: 9/30/2010 Perf: $2,557.14 Date: 8/31/2010 Perf: $2,432.36 Date: 7/31/2010 Perf: $2,386.54 Date: 6/30/2010 Perf: $2,303.83 Date: 5/31/2010 Perf: $2,163.83 Date: 4/30/2010 Perf: $2,258.23 Date: 3/31/2010 Perf: $2,227.27 Date: 2/28/2010 Perf: $2,210.03 Date: 1/31/2010 Perf: $2,162.88 Date: 12/31/2009 Perf: $2,110.33 Date: 11/30/2009 Perf: $2,191.42 Date: 10/31/2009 Perf: $2,154.78 Date: 9/30/2009 Perf: $2,112.74 Date: 8/31/2009 Perf: $2,004.50 Date: 7/31/2009 Perf: $1,926.29 Date: 6/30/2009 Perf: $1,934.03 Date: 5/31/2009 Perf: $1,877.70 Date: 4/30/2009 Perf: $1,803.05 Date: 3/31/2009 Perf: $1,765.96 Date: 2/28/2009 Perf: $1,744.51 Date: 1/31/2009 Perf: $1,794.94 Date: 12/31/2008 Perf: $1,772.61 Date: 11/30/2008 Perf: $1,765.20 Date: 10/31/2008 Perf: $1,701.72 Date: 9/30/2008 Perf: $1,770.60 Date: 8/31/2008 Perf: $1,906.74 Date: 7/31/2008 Perf: $2,219.46 Date: 6/30/2008 Perf: $2,193.36 Date: 5/31/2008 Perf: $2,186.58 Date: 4/30/2008 Perf: $2,169.44 Date: 3/31/2008 Perf: $2,094.06 Date: 2/29/2008 Perf: $2,067.18 Date: 1/31/2008 Perf: $1,987.87 Date: 12/31/2007 Perf: $1,883.34 Date: 11/30/2007 Perf: $1,946.81 Date: 10/31/2007 Perf: $1,989.18 Date: 9/30/2007 Perf: $1,930.30 Date: 8/31/2007 Perf: $1,862.51 Date: 7/31/2007 Perf: $1,996.26 Date: 6/30/2007 Perf: $1,996.26 Date: 5/31/2007 Perf: $1,907.92 Date: 4/30/2007 Perf: $1,953.84 Date: 3/31/2007 Perf: $1,917.40 Date: 2/28/2007 Perf: $1,882.39 Date: 1/31/2007 Perf: $1,923.95 Date: 12/31/2006 Perf: $1,883.09 Date: 11/30/2006 Perf: $1,796.84 Date: 10/31/2006 Perf: $1,710.95 Date: 9/30/2006 Perf: $1,622.98 Date: 8/31/2006 Perf: $1,625.10 Date: 7/31/2006 Perf: $1,571.66 Date: 6/30/2006 Perf: $1,468.43 Date: 5/31/2006 Perf: $1,446.59 Date: 4/30/2006 Perf: $1,441.54 Date: 3/31/2006 Perf: $1,442.41 Date: 2/28/2006 Perf: $1,411.77 Date: 1/31/2006 Perf: $1,452.89 Date: 12/31/2005 Perf: $1,399.16 Date: 11/30/2005 Perf: $1,425.68 Date: 10/31/2005 Perf: $1,410.86 Date: 9/30/2005 Perf: $1,364.47 Date: 8/31/2005 Perf: $1,303.59 Date: 7/31/2005 Perf: $1,365.59 Date: 6/30/2005 Perf: $1,367.78 Date: 5/31/2005 Perf: $1,340.83 Date: 4/30/2005 Perf: $1,344.59 Date: 3/31/2005 Perf: $1,281.30 Date: 2/28/2005 Perf: $1,297.25 Date: 1/31/2005 Perf: $1,258.61 Date: 12/31/2004 Perf: $1,210.32 Date: 11/30/2004 Perf: $1,202.27 Date: 10/31/2004 Perf: $1,183.92 Date: 9/30/2004 Perf: $1,196.24 Date: 8/31/2004 Perf: $1,188.98 Date: 7/31/2004 Perf: $1,215.73 Date: 6/30/2004 Perf: $1,186.08 Date: 5/31/2004 Perf: $1,219.12 Date: 4/30/2004 Perf: $1,210.64 Date: 3/31/2004 Perf: $1,254.81 Date: 2/29/2004 Perf: $1,334.91 Date: 1/31/2004 Perf: $1,264.83 Date: 12/31/2003 Perf: $1,168.76 Date: 11/30/2003 Perf: $1,091.28 Date: 10/31/2003 Perf: $1,065.60 Date: 9/30/2003 Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 09/03 - 04/13
Date: 4/30/2013 Return: -2.70 % Date: 3/31/2013 Return: -1.87 % Date: 2/28/2013 Return: -2.01 % Date: 1/31/2013 Return: -4.31 % Date: 12/31/2012 Return: -6.45 % Date: 11/30/2012 Return: -2.13 % Date: 10/31/2012 Return: -5.62 % Date: 9/30/2012 Return: -0.78 % Date: 8/31/2012 Return: -0.40 % Date: 7/31/2012 Return: 4.18 % Date: 6/30/2012 Return: -2.95 % Date: 5/31/2012 Return: -0.43 % Date: 4/30/2012 Return: 2.45 % Date: 3/31/2012 Return: -4.16 % Date: 2/29/2012 Return: -3.56 % Date: 1/31/2012 Return: 1.57 % Date: 12/31/2011 Return: 1.23 % Date: 11/30/2011 Return: -0.44 % Date: 10/31/2011 Return: 0.35 % Date: 9/30/2011 Return: -0.65 % Date: 8/31/2011 Return: -0.52 % Date: 7/31/2011 Return: 2.58 % Date: 6/30/2011 Return: 1.07 % Date: 5/31/2011 Return: -3.69 % Date: 4/30/2011 Return: 5.27 % Date: 3/31/2011 Return: 1.51 % Date: 2/28/2011 Return: 2.52 % Date: 1/31/2011 Return: -3.31 % Date: 12/31/2010 Return: 6.73 % Date: 11/30/2010 Return: -2.68 % Date: 10/31/2010 Return: 1.61 % Date: 9/30/2010 Return: 5.13 % Date: 8/31/2010 Return: 1.92 % Date: 7/31/2010 Return: 3.59 % Date: 6/30/2010 Return: 6.47 % Date: 5/31/2010 Return: -4.18 % Date: 4/30/2010 Return: 1.39 % Date: 3/31/2010 Return: 0.78 % Date: 2/28/2010 Return: 2.18 % Date: 1/31/2010 Return: 2.49 % Date: 12/31/2009 Return: -3.70 % Date: 11/30/2009 Return: 1.70 % Date: 10/31/2009 Return: 1.99 % Date: 9/30/2009 Return: 5.40 % Date: 8/31/2009 Return: 4.06 % Date: 7/31/2009 Return: -0.40 % Date: 6/30/2009 Return: 3.00 % Date: 5/31/2009 Return: 4.14 % Date: 4/30/2009 Return: 2.10 % Date: 3/31/2009 Return: 1.23 % Date: 2/28/2009 Return: -2.81 % Date: 1/31/2009 Return: 1.26 % Date: 12/31/2008 Return: 0.42 % Date: 11/30/2008 Return: 3.73 % Date: 10/31/2008 Return: -3.89 % Date: 9/30/2008 Return: -7.14 % Date: 8/31/2008 Return: -14.09 % Date: 7/31/2008 Return: 1.19 % Date: 6/30/2008 Return: 0.31 % Date: 5/31/2008 Return: 0.79 % Date: 4/30/2008 Return: 3.60 % Date: 3/31/2008 Return: 1.30 % Date: 2/29/2008 Return: 3.99 % Date: 1/31/2008 Return: 5.55 % Date: 12/31/2007 Return: -3.26 % Date: 11/30/2007 Return: -2.13 % Date: 10/31/2007 Return: 3.05 % Date: 9/30/2007 Return: 3.64 % Date: 8/31/2007 Return: -6.70 % Date: 7/31/2007 Return: 0.00 % Date: 6/30/2007 Return: 4.63 % Date: 5/31/2007 Return: -2.35 % Date: 4/30/2007 Return: 1.90 % Date: 3/31/2007 Return: 1.86 % Date: 2/28/2007 Return: -2.16 % Date: 1/31/2007 Return: 2.17 % Date: 12/31/2006 Return: 4.80 % Date: 11/30/2006 Return: 5.02 % Date: 10/31/2006 Return: 5.42 % Date: 9/30/2006 Return: -0.13 % Date: 8/31/2006 Return: 3.40 % Date: 7/31/2006 Return: 7.03 % Date: 6/30/2006 Return: 1.51 % Date: 5/31/2006 Return: 0.35 % Date: 4/30/2006 Return: -0.06 % Date: 3/31/2006 Return: 2.17 % Date: 2/28/2006 Return: -2.83 % Date: 1/31/2006 Return: 3.84 % Date: 12/31/2005 Return: -1.86 % Date: 11/30/2005 Return: 1.05 % Date: 10/31/2005 Return: 3.40 % Date: 9/30/2005 Return: 4.67 % Date: 8/31/2005 Return: -4.54 % Date: 7/31/2005 Return: -0.16 % Date: 6/30/2005 Return: 2.01 % Date: 5/31/2005 Return: -0.28 % Date: 4/30/2005 Return: 4.94 % Date: 3/31/2005 Return: -1.23 % Date: 2/28/2005 Return: 3.07 % Date: 1/31/2005 Return: 3.99 % Date: 12/31/2004 Return: 0.67 % Date: 11/30/2004 Return: 1.55 % Date: 10/31/2004 Return: -1.03 % Date: 9/30/2004 Return: 0.61 % Date: 8/31/2004 Return: -2.20 % Date: 7/31/2004 Return: 2.50 % Date: 6/30/2004 Return: -2.71 % Date: 5/31/2004 Return: 0.70 % Date: 4/30/2004 Return: -3.52 % Date: 3/31/2004 Return: -6.00 % Date: 2/29/2004 Return: 5.54 % Date: 1/31/2004 Return: 8.22 % Date: 12/31/2003 Return: 7.10 % Date: 11/30/2003 Return: 2.41 % Date: 10/31/2003 Return: 6.56 % Date: 9/30/2003 Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 09/03 - 04/13
Return: -14.00 % Count: 1 Return: -7.00 % Count: 2 Return: -5.00 % Count: 1 Return: 5.00 % Count: 9 Return: 3.00 % Count: 7 Return: 4.00 % Count: 10 Return: -1.00 % Count: 5 Return: -2.00 % Count: 8 Return: -3.00 % Count: 8 Return: 1.00 % Count: 13 Return: -4.00 % Count: 8 Return: -6.00 % Count: 3 Return: 6.00 % Count: 3 Return: 8.00 % Count: 1 Return: 2.00 % Count: 19 Return: 7.00 % Count: 4 Return: 0.00 % Count: 14
Note: All performance data is since program inception.

Underwater Curve
Date Range: 09/03 - 04/13
Date: 4/30/2013 Drawdown: -27.12 % Date: 3/31/2013 Drawdown: -25.10 % Date: 2/28/2013 Drawdown: -23.67 % Date: 1/31/2013 Drawdown: -22.10 % Date: 12/31/2012 Drawdown: -18.59 % Date: 11/30/2012 Drawdown: -12.98 % Date: 10/31/2012 Drawdown: -11.09 % Date: 9/30/2012 Drawdown: -5.79 % Date: 8/31/2012 Drawdown: -5.05 % Date: 7/31/2012 Drawdown: -4.67 % Date: 6/30/2012 Drawdown: -8.50 % Date: 5/31/2012 Drawdown: -5.71 % Date: 4/30/2012 Drawdown: -5.31 % Date: 3/31/2012 Drawdown: -7.57 % Date: 2/29/2012 Drawdown: -3.56 % Date: 1/31/2012 Drawdown: 0.00 % Date: 12/31/2011 Drawdown: -0.19 % Date: 11/30/2011 Drawdown: -1.40 % Date: 10/31/2011 Drawdown: -0.97 % Date: 9/30/2011 Drawdown: -1.31 % Date: 8/31/2011 Drawdown: -0.67 % Date: 7/31/2011 Drawdown: -0.15 % Date: 6/30/2011 Drawdown: -2.66 % Date: 5/31/2011 Drawdown: -3.69 % Date: 4/30/2011 Drawdown: 0.00 % Date: 3/31/2011 Drawdown: 0.00 % Date: 2/28/2011 Drawdown: -0.87 % Date: 1/31/2011 Drawdown: -3.31 % Date: 12/31/2010 Drawdown: 0.00 % Date: 11/30/2010 Drawdown: -2.68 % 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 % Date: 5/31/2010 Drawdown: -4.18 % Date: 4/30/2010 Drawdown: 0.00 % Date: 3/31/2010 Drawdown: 0.00 % Date: 2/28/2010 Drawdown: -0.42 % Date: 1/31/2010 Drawdown: -2.55 % Date: 12/31/2009 Drawdown: -4.92 % Date: 11/30/2009 Drawdown: -1.26 % Date: 10/31/2009 Drawdown: -2.91 % Date: 9/30/2009 Drawdown: -4.81 % Date: 8/31/2009 Drawdown: -9.69 % Date: 7/31/2009 Drawdown: -13.21 % Date: 6/30/2009 Drawdown: -12.86 % Date: 5/31/2009 Drawdown: -15.40 % Date: 4/30/2009 Drawdown: -18.76 % Date: 3/31/2009 Drawdown: -20.43 % Date: 2/28/2009 Drawdown: -21.40 % Date: 1/31/2009 Drawdown: -19.13 % Date: 12/31/2008 Drawdown: -20.13 % Date: 11/30/2008 Drawdown: -20.47 % Date: 10/31/2008 Drawdown: -23.33 % Date: 9/30/2008 Drawdown: -20.22 % Date: 8/31/2008 Drawdown: -14.09 % Date: 7/31/2008 Drawdown: 0.00 % Date: 6/30/2008 Drawdown: 0.00 % Date: 5/31/2008 Drawdown: 0.00 % Date: 4/30/2008 Drawdown: 0.00 % Date: 3/31/2008 Drawdown: 0.00 % Date: 2/29/2008 Drawdown: 0.00 % Date: 1/31/2008 Drawdown: -0.42 % Date: 12/31/2007 Drawdown: -5.66 % Date: 11/30/2007 Drawdown: -2.48 % Date: 10/31/2007 Drawdown: -0.35 % Date: 9/30/2007 Drawdown: -3.30 % Date: 8/31/2007 Drawdown: -6.70 % Date: 7/31/2007 Drawdown: 0.00 % Date: 6/30/2007 Drawdown: 0.00 % Date: 5/31/2007 Drawdown: -2.35 % Date: 4/30/2007 Drawdown: 0.00 % Date: 3/31/2007 Drawdown: -0.34 % Date: 2/28/2007 Drawdown: -2.16 % Date: 1/31/2007 Drawdown: 0.00 % Date: 12/31/2006 Drawdown: 0.00 % Date: 11/30/2006 Drawdown: 0.00 % Date: 10/31/2006 Drawdown: 0.00 % Date: 9/30/2006 Drawdown: -0.13 % Date: 8/31/2006 Drawdown: 0.00 % Date: 7/31/2006 Drawdown: 0.00 % Date: 6/30/2006 Drawdown: 0.00 % Date: 5/31/2006 Drawdown: -0.43 % Date: 4/30/2006 Drawdown: -0.78 % Date: 3/31/2006 Drawdown: -0.72 % Date: 2/28/2006 Drawdown: -2.83 % Date: 1/31/2006 Drawdown: 0.00 % Date: 12/31/2005 Drawdown: -1.86 % Date: 11/30/2005 Drawdown: 0.00 % Date: 10/31/2005 Drawdown: 0.00 % Date: 9/30/2005 Drawdown: -0.24 % Date: 8/31/2005 Drawdown: -4.69 % Date: 7/31/2005 Drawdown: -0.16 % Date: 6/30/2005 Drawdown: 0.00 % Date: 5/31/2005 Drawdown: -0.28 % Date: 4/30/2005 Drawdown: 0.00 % Date: 3/31/2005 Drawdown: -4.02 % Date: 2/28/2005 Drawdown: -2.82 % Date: 1/31/2005 Drawdown: -5.72 % Date: 12/31/2004 Drawdown: -9.33 % Date: 11/30/2004 Drawdown: -9.94 % Date: 10/31/2004 Drawdown: -11.31 % Date: 9/30/2004 Drawdown: -10.39 % Date: 8/31/2004 Drawdown: -10.93 % Date: 7/31/2004 Drawdown: -8.93 % Date: 6/30/2004 Drawdown: -11.15 % Date: 5/31/2004 Drawdown: -8.67 % Date: 4/30/2004 Drawdown: -9.31 % Date: 3/31/2004 Drawdown: -6.00 % Date: 2/29/2004 Drawdown: 0.00 % Date: 1/31/2004 Drawdown: 0.00 % Date: 12/31/2003 Drawdown: 0.00 % Date: 11/30/2003 Drawdown: 0.00 % Date: 10/31/2003 Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

The Monthly Performance table represents performance results shown net of all fees and expenses, including management fees and the performance fee. Performance results of individual accounts may vary as a result of differing fees, account size, the timing of the entry of orders and other factors. The performance results are not necessarily indicative of the results that may be achieved in the future. Past performance is not necessarily indicative of future results. No representation is being made that any account in the future will or is likely to achieve profits or losses similar to those shown.
Manager Information
Manager Name:  Ortus Capital Management Ltd.
Address: 12th Floor, St. George’s Building, 2 Ice House Street
City: Central, Hong Kong
State:
Zip:
Country:
Key People
Name:  Joe Zhou, Ph.D.
Position:  Chief Investment Officer
Biography: 

Dr. Zhou was a founding member of Ortus. Prior to Ortus, Dr. Zhou co-founded Divergence Capital Management LLC. From 1997 to 2001, Dr. Zhou was the Head of Research at Quantitative Financial Strategies, Inc. Dr. Zhou started his career as a proprietary trader, first at Lehman Brothers, and then at Bear Stearns, where he traded a wide variety of futures and options contracts from 1993 to 1996. He also was Assistant Professor of Finance at Washington University in St. Louis from 1996 to 1997. Dr. Zhou received his B.S. in Mathematics from Wuhan University (Wuhan, China) and two degrees from the Wharton School of the University of Pennsylvania: a M.A. in Statistics and a Ph.D. in Finance.

Additional Information

EACH PROGRAM PERFORMANCE SUMMARY PROVIDES A REPRESENTATIVE PERFORMANCE TRACK RECORD FOR ACCOUNTS TRADED BY THE MANAGER PURSUANT TO THAT SPECIFIC PROGRAM, BUT THE DATA HAS IN NO RESPECT BEEN ADJUSTED TO REFLECT CHARGES OF ANY FUND OR OF A PARTICULAR INVESTMENT OPPORTUNITY. CERTAIN OF THE ACCOUNTS INCLUDED IN THE PERFORMANCE SUMMARY PAID FEES MATERIALLY DIFFERENT FROM, AND IN SOME CASES MATERIALLY LOWER THAN, THOSE AVAILABLE TO A FUND OR PARTICULAR INVESTMENT OPPORTUNITY. THE RATES OF RETURN EARNED WHEN A COMMODITY TRADING ADVISOR (CTA) IS MANAGING A LIMITED AMOUNT OF EQUITY MAY HAVE LITTLE RELATIONSHIP TO THE RATES OF RETURN WHICH A CTA MAY BE ABLE TO ACHIEVE WHEN MANAGING LARGER AMOUNTS OF EQUITY. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.