Drury Capital, Inc.

Diversified Trend-Following Program *QEP*

Monthly Performance (%)

Date Range: 04/97 - 01/23
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2023 -0.85 1.41   0.55 
2022 1.17 5.73 12.53 7.71 -0.11 -0.70 -3.84 -0.26 6.13 0.44 -12.10 -4.24  10.67 
2021 2.76 7.47 2.99 3.16 -1.06 3.18 4.14 -0.36 4.69 1.29 -7.55 3.59  26.22 
2020 -7.86 -1.84 9.79 0.47 0.12 1.43 3.80 2.08 -3.85 -3.01 6.51 5.90  12.92 
2019 -5.91 -1.63 7.95 3.92 -6.32 2.70 5.88 7.00 -6.77 -5.01 2.51 1.56  4.34 
2018 2.01 -8.97 2.68 0.32 5.02 -2.07 -0.90 0.95 2.46 -9.49 1.83 1.11  -6.03 
2017 -1.58 6.96 -4.34 0.35 -0.72 -7.05 1.35 7.24 -4.93 10.24 -1.60 3.06  7.72 
2016 2.90 2.82 -3.00 -7.95 -1.46 1.57 0.97 -1.23 -2.21 1.59 3.44 0.86  -2.27 
2015 2.31 -3.12 1.20 -4.51 0.10 -9.26 6.38 -4.63 4.15 -0.77 10.49 -3.13  -2.36 
2014 -5.28 -1.95 -4.81 0.65 5.72 0.55 -1.74 7.37 7.38 4.71 9.68 -1.87  20.76 
2013 0.21 3.01 2.48 8.18 -2.49 -3.79 1.04 -6.48 2.53 4.97 2.85 -2.42  9.58 
2012 0.98 4.23 2.87 -0.25 -0.20 -7.50 3.17 -1.26 -3.41 -4.22 -0.43 1.93  -4.64 
2011 3.49 6.21 -7.05 3.78 -9.48 -7.00 0.52 -8.34 8.00 -8.98 1.38 2.32  -16.14 
2010 -6.25 -1.35 6.12 0.38 -7.87 0.18 -4.88 2.66 4.19 4.12 -4.19 9.06  0.65 
2009 -1.82 2.10 -3.64 -2.72 1.82 -0.23 6.57 2.67 1.54 -3.51 6.50 0.10  9.09 
2008 6.78 11.17 -8.45 -5.44 7.44 6.63 -9.45 1.92 16.95 23.37 6.57 5.14  75.65 
2007 3.33 -3.51 0.08 3.21 3.39 7.79 -5.60 -5.31 2.93 -0.67 3.51 -3.29  5.00 
2006 -0.51 -0.69 0.37 2.38 -2.15 -1.28 -6.44 -1.22 0.91 -4.46 -6.35 3.38  -15.40 
2005 -2.34 -4.57 0.27 -5.56 -4.02 -2.42 -0.65 1.83 1.15 0.95 7.85 -2.78  -10.47 
2004 2.45 11.09 2.33 -6.97 -6.06 -1.21 -0.45 -5.85 7.78 -1.13 7.20 -0.36  7.27 
2003 7.76 6.94 -6.32 -4.10 9.42 -6.35 -4.41 -0.87 4.17 13.80 -1.03 6.64  25.77 
2002 0.52 -1.32 -2.05 -3.68 -5.13 11.62 4.82 3.75 4.35 -9.42 -5.97 10.19  5.55 
2001 -6.20 4.95 15.48 -4.19 2.41 4.97 -3.66 2.03 6.23 3.82 -9.34 4.82  20.62 
2000 -5.58 0.35 -1.59 11.91 1.14 -4.41 1.49 4.92 -1.70 3.26 6.33 -0.12  15.80 
1999 0.06 6.05 -2.82 4.46 -5.56 -0.36 -4.43 8.54 -3.59 -1.24 5.20 4.88  10.46 
1998 7.84 6.11 6.60 -5.46 7.78 2.20 -1.38 19.34 -5.22 -2.74 4.25 2.46  47.21 
1997 -4.57 14.98 12.49 -2.12 -2.08 -9.35 17.34 3.64  30.42 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Strategy Description

The Diversified Trend-Following Program is a long-term systematic trend-following strategy with relatively low correlation to other major CTAs. Unlike the larger CTAs, the DTFP portfolio achieves a high level of diversification by having a risk profile of roughly half commodity futures and half financial instruments. The commodity exposure includes agricultural/soft futures, energy futures and both base and precious metal futures. The financial exposure includes interest rate futures, stock index futures and foreign exchange. The Diversified Trend-Following Program has no market or sector bias based on the belief that each instrument can produce long-term profits through the application of independent technical analysis and risk management. Positions can be long, short or flat while awaiting a signal. Numerous models are traded, but all are trend-following in nature. The benefit of different models is to provide diversification, for any given instrument, away from a single entry and exit point, hence to reduce the volatility of the overall portfolio. The trading program targets 20% return with a volatility of 18%. The average trade duration for a winning trade is about 8 months and for a losing trade it is about 2 months. The Diversified Trend-Following Program began trading client funds May 1997.

Performance Statistics

Date Range: 04/97 - 01/23
  Program S&P 500 Coquest 40 
Total Return 979.29% 770.09% 249.43% 
Annualized Return 9.68% 8.74% 4.96% 
Annualized Std. Deviation 19.06% 15.71% 9.73% 
Correlation -0.12 0.68 
Sharpe Ratio (rf=2.5%) 0.38 0.40 0.25 
Worst Month -12.10% -16.79% -7.77% 
Date of Worst Month 11/2022 10/2008 11/2001 
Worst Drawdown -32.52% -50.95% -15.74% 
Date of Worst Drawdown 3/04 - 11/06 10/07 - 2/09 4/11 - 9/13 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 04/97 - 01/23
Year or YTD Program S&P 500 Coquest 40 
2023 0.55 3.69 -1.11 
2022 10.67 -18.10 17.65 
2021 26.22 28.72 6.26 
2020 12.92 18.40 0.97 
2019 4.34 31.50 7.53 
2018 -6.03 -4.38 -4.29 
2017 7.72 21.84 1.24 
2016 -2.27 11.98 -3.13 
2015 -2.36 1.41 0.09 
2014 20.76 13.69 15.75 
2013 9.58 32.41 -2.45 
2012 -4.64 15.98 -4.75 
2011 -16.14 2.12 -3.23 
2010 0.65 15.06 11.33 
2009 9.09 26.45 -7.98 
2008 75.65 -36.99 15.47 
2007 5.00 5.50 7.18 
2006 -15.40 15.79 6.70 
2005 -10.47 4.89 4.51 
2004 7.27 10.87 2.57 
2003 25.77 28.69 15.99 
2002 5.55 -22.10 15.22 
2001 20.62 -11.88 5.39 
2000 15.80 -9.09 10.63 
1999 10.46 21.04 0.87 
1998 47.21 28.58 12.61 
1997 30.42 22.58 6.20 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 04/97 - 01/23
Date: 1/31/2023 Perf: $3,578.06 Date: 12/31/2022 Perf: $3,618.23 Date: 11/30/2022 Perf: $3,641.53 Date: 10/31/2022 Perf: $3,844.12 Date: 9/30/2022 Perf: $3,817.02 Date: 8/31/2022 Perf: $3,661.06 Date: 7/31/2022 Perf: $3,560.65 Date: 6/30/2022 Perf: $3,644.47 Date: 5/31/2022 Perf: $3,599.12 Date: 4/30/2022 Perf: $3,616.12 Date: 3/31/2022 Perf: $3,429.22 Date: 2/28/2022 Perf: $3,202.19 Date: 1/31/2022 Perf: $3,132.95 Date: 12/31/2021 Perf: $3,075.44 Date: 11/30/2021 Perf: $3,072.37 Date: 10/31/2021 Perf: $3,150.50 Date: 9/30/2021 Perf: $3,089.03 Date: 8/31/2021 Perf: $3,073.66 Date: 7/31/2021 Perf: $3,073.04 Date: 6/30/2021 Perf: $3,059.58 Date: 5/31/2021 Perf: $3,071.25 Date: 4/30/2021 Perf: $3,027.06 Date: 3/31/2021 Perf: $2,974.70 Date: 2/28/2021 Perf: $2,935.37 Date: 1/31/2021 Perf: $2,867.97 Date: 12/31/2020 Perf: $2,894.31 Date: 11/30/2020 Perf: $2,789.16 Date: 10/31/2020 Perf: $2,764.83 Date: 9/30/2020 Perf: $2,773.70 Date: 8/31/2020 Perf: $2,814.80 Date: 7/31/2020 Perf: $2,846.97 Date: 6/30/2020 Perf: $2,793.61 Date: 5/31/2020 Perf: $2,829.83 Date: 4/30/2020 Perf: $2,863.34 Date: 3/31/2020 Perf: $2,853.92 Date: 2/29/2020 Perf: $2,852.21 Date: 1/31/2020 Perf: $2,895.35 Date: 12/31/2019 Perf: $2,866.40 Date: 11/30/2019 Perf: $2,884.28 Date: 10/31/2019 Perf: $2,856.29 Date: 9/30/2019 Perf: $2,920.84 Date: 8/31/2019 Perf: $3,004.05 Date: 7/31/2019 Perf: $2,899.10 Date: 6/30/2019 Perf: $2,803.50 Date: 5/31/2019 Perf: $2,748.53 Date: 4/30/2019 Perf: $2,803.48 Date: 3/31/2019 Perf: $2,728.45 Date: 2/28/2019 Perf: $2,633.89 Date: 1/31/2019 Perf: $2,617.14 Date: 12/31/2018 Perf: $2,665.66 Date: 11/30/2018 Perf: $2,654.51 Date: 10/31/2018 Perf: $2,686.75 Date: 9/30/2018 Perf: $2,754.79 Date: 8/31/2018 Perf: $2,767.25 Date: 7/31/2018 Perf: $2,698.44 Date: 6/30/2018 Perf: $2,718.83 Date: 5/31/2018 Perf: $2,696.18 Date: 4/30/2018 Perf: $2,731.41 Date: 3/31/2018 Perf: $2,702.23 Date: 2/28/2018 Perf: $2,704.66 Date: 1/31/2018 Perf: $2,880.37 Date: 12/31/2017 Perf: $2,785.12 Date: 11/30/2017 Perf: $2,755.08 Date: 10/31/2017 Perf: $2,751.51 Date: 9/30/2017 Perf: $2,640.86 Date: 8/31/2017 Perf: $2,697.78 Date: 7/31/2017 Perf: $2,653.73 Date: 6/30/2017 Perf: $2,643.42 Date: 5/31/2017 Perf: $2,722.93 Date: 4/30/2017 Perf: $2,717.76 Date: 3/31/2017 Perf: $2,734.17 Date: 2/28/2017 Perf: $2,774.68 Date: 1/31/2017 Perf: $2,715.48 Date: 12/31/2016 Perf: $2,750.97 Date: 11/30/2016 Perf: $2,730.22 Date: 10/31/2016 Perf: $2,760.59 Date: 9/30/2016 Perf: $2,833.69 Date: 8/31/2016 Perf: $2,870.73 Date: 7/31/2016 Perf: $2,950.08 Date: 6/30/2016 Perf: $2,920.30 Date: 5/31/2016 Perf: $2,801.24 Date: 4/30/2016 Perf: $2,851.14 Date: 3/31/2016 Perf: $2,924.55 Date: 2/29/2016 Perf: $3,010.96 Date: 1/31/2016 Perf: $2,938.67 Date: 12/31/2015 Perf: $2,839.84 Date: 11/30/2015 Perf: $2,906.70 Date: 10/31/2015 Perf: $2,810.85 Date: 9/30/2015 Perf: $2,860.62 Date: 8/31/2015 Perf: $2,799.86 Date: 7/31/2015 Perf: $2,849.15 Date: 6/30/2015 Perf: $2,741.94 Date: 5/31/2015 Perf: $2,892.35 Date: 4/30/2015 Perf: $2,913.32 Date: 3/31/2015 Perf: $3,030.29 Date: 2/28/2015 Perf: $2,964.77 Date: 1/31/2015 Perf: $2,969.52 Date: 12/31/2014 Perf: $2,837.30 Date: 11/30/2014 Perf: $2,788.23 Date: 10/31/2014 Perf: $2,631.65 Date: 9/30/2014 Perf: $2,593.52 Date: 8/31/2014 Perf: $2,555.45 Date: 7/31/2014 Perf: $2,451.74 Date: 6/30/2014 Perf: $2,471.51 Date: 5/31/2014 Perf: $2,450.44 Date: 4/30/2014 Perf: $2,389.27 Date: 3/31/2014 Perf: $2,371.25 Date: 2/28/2014 Perf: $2,406.87 Date: 1/31/2014 Perf: $2,387.30 Date: 12/31/2013 Perf: $2,451.27 Date: 11/30/2013 Perf: $2,454.71 Date: 10/31/2013 Perf: $2,411.07 Date: 9/30/2013 Perf: $2,357.09 Date: 8/31/2013 Perf: $2,371.32 Date: 7/31/2013 Perf: $2,417.74 Date: 6/30/2013 Perf: $2,438.96 Date: 5/31/2013 Perf: $2,535.04 Date: 4/30/2013 Perf: $2,648.94 Date: 3/31/2013 Perf: $2,582.32 Date: 2/28/2013 Perf: $2,545.66 Date: 1/31/2013 Perf: $2,560.51 Date: 12/31/2012 Perf: $2,512.77 Date: 11/30/2012 Perf: $2,500.52 Date: 10/31/2012 Perf: $2,493.54 Date: 9/30/2012 Perf: $2,587.19 Date: 8/31/2012 Perf: $2,630.60 Date: 7/31/2012 Perf: $2,666.87 Date: 6/30/2012 Perf: $2,562.08 Date: 5/31/2012 Perf: $2,662.17 Date: 4/30/2012 Perf: $2,612.54 Date: 3/31/2012 Perf: $2,596.95 Date: 2/29/2012 Perf: $2,657.27 Date: 1/31/2012 Perf: $2,646.42 Date: 12/31/2011 Perf: $2,637.98 Date: 11/30/2011 Perf: $2,612.90 Date: 10/31/2011 Perf: $2,605.08 Date: 9/30/2011 Perf: $2,712.50 Date: 8/31/2011 Perf: $2,714.13 Date: 7/31/2011 Perf: $2,719.57 Date: 6/30/2011 Perf: $2,625.32 Date: 5/31/2011 Perf: $2,695.40 Date: 4/30/2011 Perf: $2,797.51 Date: 3/31/2011 Perf: $2,692.50 Date: 2/28/2011 Perf: $2,734.33 Date: 1/31/2011 Perf: $2,688.63 Date: 12/31/2010 Perf: $2,725.97 Date: 11/30/2010 Perf: $2,613.84 Date: 10/31/2010 Perf: $2,709.77 Date: 9/30/2010 Perf: $2,608.55 Date: 8/31/2010 Perf: $2,561.93 Date: 7/31/2010 Perf: $2,460.08 Date: 6/30/2010 Perf: $2,492.23 Date: 5/31/2010 Perf: $2,482.79 Date: 4/30/2010 Perf: $2,544.37 Date: 3/31/2010 Perf: $2,505.78 Date: 2/28/2010 Perf: $2,410.10 Date: 1/31/2010 Perf: $2,387.65 Date: 12/31/2009 Perf: $2,448.63 Date: 11/30/2009 Perf: $2,550.65 Date: 10/31/2009 Perf: $2,451.84 Date: 9/30/2009 Perf: $2,516.26 Date: 8/31/2009 Perf: $2,457.76 Date: 7/31/2009 Perf: $2,449.68 Date: 6/30/2009 Perf: $2,452.38 Date: 5/31/2009 Perf: $2,519.39 Date: 4/30/2009 Perf: $2,485.10 Date: 3/31/2009 Perf: $2,569.11 Date: 2/28/2009 Perf: $2,642.30 Date: 1/31/2009 Perf: $2,643.62 Date: 12/31/2008 Perf: $2,660.92 Date: 11/30/2008 Perf: $2,594.25 Date: 10/31/2008 Perf: $2,502.41 Date: 9/30/2008 Perf: $2,379.85 Date: 8/31/2008 Perf: $2,374.86 Date: 7/31/2008 Perf: $2,440.01 Date: 6/30/2008 Perf: $2,557.39 Date: 5/31/2008 Perf: $2,490.88 Date: 4/30/2008 Perf: $2,440.61 Date: 3/31/2008 Perf: $2,469.00 Date: 2/29/2008 Perf: $2,479.91 Date: 1/31/2008 Perf: $2,346.40 Date: 12/31/2007 Perf: $2,304.46 Date: 11/30/2007 Perf: $2,309.77 Date: 10/31/2007 Perf: $2,324.89 Date: 9/30/2007 Perf: $2,228.82 Date: 8/31/2007 Perf: $2,129.38 Date: 7/31/2007 Perf: $2,211.88 Date: 6/30/2007 Perf: $2,282.41 Date: 5/31/2007 Perf: $2,218.30 Date: 4/30/2007 Perf: $2,141.84 Date: 3/31/2007 Perf: $2,055.51 Date: 2/28/2007 Perf: $2,104.76 Date: 1/31/2007 Perf: $2,186.76 Date: 12/31/2006 Perf: $2,150.00 Date: 11/30/2006 Perf: $2,079.70 Date: 10/31/2006 Perf: $2,029.97 Date: 9/30/2006 Perf: $2,007.88 Date: 8/31/2006 Perf: $2,029.39 Date: 7/31/2006 Perf: $2,006.92 Date: 6/30/2006 Perf: $2,037.06 Date: 5/31/2006 Perf: $2,065.36 Date: 4/30/2006 Perf: $2,121.58 Date: 3/31/2006 Perf: $2,071.05 Date: 2/28/2006 Perf: $2,016.99 Date: 1/31/2006 Perf: $2,053.55 Date: 12/31/2005 Perf: $2,015.06 Date: 11/30/2005 Perf: $2,052.20 Date: 10/31/2005 Perf: $1,967.79 Date: 9/30/2005 Perf: $1,964.64 Date: 8/31/2005 Perf: $1,934.85 Date: 7/31/2005 Perf: $1,924.45 Date: 6/30/2005 Perf: $1,923.30 Date: 5/31/2005 Perf: $1,859.88 Date: 4/30/2005 Perf: $1,804.13 Date: 3/31/2005 Perf: $1,849.44 Date: 2/28/2005 Perf: $1,859.86 Date: 1/31/2005 Perf: $1,847.11 Date: 12/31/2004 Perf: $1,928.09 Date: 11/30/2004 Perf: $1,921.75 Date: 10/31/2004 Perf: $1,823.12 Date: 9/30/2004 Perf: $1,762.83 Date: 8/31/2004 Perf: $1,739.35 Date: 7/31/2004 Perf: $1,751.43 Date: 6/30/2004 Perf: $1,771.63 Date: 5/31/2004 Perf: $1,832.09 Date: 4/30/2004 Perf: $1,861.69 Date: 3/31/2004 Perf: $1,985.17 Date: 2/29/2004 Perf: $2,004.81 Date: 1/31/2004 Perf: $1,897.78 Date: 12/31/2003 Perf: $1,879.73 Date: 11/30/2003 Perf: $1,801.72 Date: 10/31/2003 Perf: $1,807.14 Date: 9/30/2003 Perf: $1,767.38 Date: 8/31/2003 Perf: $1,775.54 Date: 7/31/2003 Perf: $1,759.01 Date: 6/30/2003 Perf: $1,799.68 Date: 5/31/2003 Perf: $1,846.02 Date: 4/30/2003 Perf: $1,743.66 Date: 3/31/2003 Perf: $1,718.40 Date: 2/28/2003 Perf: $1,822.66 Date: 1/31/2003 Perf: $1,719.98 Date: 12/31/2002 Perf: $1,620.63 Date: 11/30/2002 Perf: $1,527.60 Date: 10/31/2002 Perf: $1,570.96 Date: 9/30/2002 Perf: $1,656.78 Date: 8/31/2002 Perf: $1,583.77 Date: 7/31/2002 Perf: $1,546.50 Date: 6/30/2002 Perf: $1,468.10 Date: 5/31/2002 Perf: $1,348.86 Date: 4/30/2002 Perf: $1,314.81 Date: 3/31/2002 Perf: $1,346.59 Date: 2/28/2002 Perf: $1,350.50 Date: 1/31/2002 Perf: $1,389.69 Date: 12/31/2001 Perf: $1,406.57 Date: 11/30/2001 Perf: $1,377.51 Date: 10/31/2001 Perf: $1,493.56 Date: 9/30/2001 Perf: $1,431.71 Date: 8/31/2001 Perf: $1,388.93 Date: 7/31/2001 Perf: $1,348.60 Date: 6/30/2001 Perf: $1,345.64 Date: 5/31/2001 Perf: $1,360.61 Date: 4/30/2001 Perf: $1,360.20 Date: 3/31/2001 Perf: $1,449.49 Date: 2/28/2001 Perf: $1,361.28 Date: 1/31/2001 Perf: $1,348.47 Date: 12/31/2000 Perf: $1,334.59 Date: 11/30/2000 Perf: $1,233.11 Date: 10/31/2000 Perf: $1,160.46 Date: 9/30/2000 Perf: $1,136.70 Date: 8/31/2000 Perf: $1,156.83 Date: 7/31/2000 Perf: $1,133.48 Date: 6/30/2000 Perf: $1,153.79 Date: 5/31/2000 Perf: $1,171.95 Date: 4/30/2000 Perf: $1,156.12 Date: 3/31/2000 Perf: $1,173.84 Date: 2/29/2000 Perf: $1,203.69 Date: 1/31/2000 Perf: $1,217.33 Date: 12/31/1999 Perf: $1,206.35 Date: 11/30/1999 Perf: $1,190.99 Date: 10/31/1999 Perf: $1,168.32 Date: 9/30/1999 Perf: $1,222.35 Date: 8/31/1999 Perf: $1,218.08 Date: 7/31/1999 Perf: $1,210.82 Date: 6/30/1999 Perf: $1,220.34 Date: 5/31/1999 Perf: $1,189.41 Date: 4/30/1999 Perf: $1,209.49 Date: 3/31/1999 Perf: $1,173.47 Date: 2/28/1999 Perf: $1,183.05 Date: 1/31/1999 Perf: $1,161.33 Date: 12/31/1998 Perf: $1,195.89 Date: 11/30/1998 Perf: $1,168.43 Date: 10/31/1998 Perf: $1,190.22 Date: 9/30/1998 Perf: $1,195.00 Date: 8/31/1998 Perf: $1,143.86 Date: 7/31/1998 Perf: $1,059.82 Date: 6/30/1998 Perf: $1,057.60 Date: 5/31/1998 Perf: $1,056.33 Date: 4/30/1998 Perf: $1,030.17 Date: 3/31/1998 Perf: $1,072.75 Date: 2/28/1998 Perf: $1,060.35 Date: 1/31/1998 Perf: $1,068.68 Date: 12/31/1997 Perf: $1,061.99 Date: 11/30/1997 Perf: $1,034.27 Date: 10/31/1997 Perf: $1,019.99 Date: 9/30/1997 Perf: $1,026.36 Date: 8/31/1997 Perf: $1,013.59 Date: 7/31/1997 Perf: $1,064.25 Date: 6/30/1997 Perf: $994.81 Date: 5/31/1997 Perf: $983.40 Date: 4/30/1997 Perf: $1,000.00 Date: 2/28/2023 Perf: $8,010.41 Date: 1/31/2023 Perf: $8,210.75 Date: 12/31/2022 Perf: $7,725.58 Date: 11/30/2022 Perf: $8,197.78 Date: 10/31/2022 Perf: $7,763.78 Date: 9/30/2022 Perf: $7,182.04 Date: 8/31/2022 Perf: $7,910.60 Date: 7/31/2022 Perf: $8,247.08 Date: 6/30/2022 Perf: $7,550.89 Date: 5/31/2022 Perf: $8,229.85 Date: 4/30/2022 Perf: $8,215.07 Date: 3/31/2022 Perf: $8,999.85 Date: 2/28/2022 Perf: $8,677.90 Date: 1/31/2022 Perf: $8,945.37 Date: 12/31/2021 Perf: $9,433.06 Date: 11/30/2021 Perf: $9,028.58 Date: 10/31/2021 Perf: $9,091.31 Date: 9/30/2021 Perf: $8,495.76 Date: 8/31/2021 Perf: $8,910.08 Date: 7/31/2021 Perf: $8,647.20 Date: 6/30/2021 Perf: $8,446.18 Date: 5/31/2021 Perf: $8,253.87 Date: 4/30/2021 Perf: $8,196.49 Date: 3/31/2021 Perf: $7,780.99 Date: 2/28/2021 Perf: $7,454.48 Date: 1/31/2021 Perf: $7,254.26 Date: 12/31/2020 Perf: $7,328.28 Date: 11/30/2020 Perf: $7,057.28 Date: 10/31/2020 Perf: $6,360.77 Date: 9/30/2020 Perf: $6,534.59 Date: 8/31/2020 Perf: $6,792.72 Date: 7/31/2020 Perf: $6,337.08 Date: 6/30/2020 Perf: $5,998.75 Date: 5/31/2020 Perf: $5,881.71 Date: 4/30/2020 Perf: $5,614.46 Date: 3/31/2020 Perf: $4,976.47 Date: 2/29/2020 Perf: $5,677.67 Date: 1/31/2020 Perf: $6,186.84 Date: 12/31/2019 Perf: $6,189.32 Date: 11/30/2019 Perf: $6,007.88 Date: 10/31/2019 Perf: $5,797.43 Date: 9/30/2019 Perf: $5,674.30 Date: 8/31/2019 Perf: $5,570.14 Date: 7/31/2019 Perf: $5,659.56 Date: 6/30/2019 Perf: $5,579.22 Date: 5/31/2019 Perf: $5,211.79 Date: 4/30/2019 Perf: $5,565.18 Date: 3/31/2019 Perf: $5,348.56 Date: 2/28/2019 Perf: $5,246.77 Date: 1/31/2019 Perf: $5,083.59 Date: 12/31/2018 Perf: $4,706.59 Date: 11/30/2018 Perf: $5,173.78 Date: 10/31/2018 Perf: $5,070.35 Date: 9/30/2018 Perf: $5,442.63 Date: 8/31/2018 Perf: $5,411.78 Date: 7/31/2018 Perf: $5,240.92 Date: 6/30/2018 Perf: $5,052.95 Date: 5/31/2018 Perf: $5,021.82 Date: 4/30/2018 Perf: $4,903.64 Date: 3/31/2018 Perf: $4,885.08 Date: 2/28/2018 Perf: $5,012.39 Date: 1/31/2018 Perf: $5,204.44 Date: 12/31/2017 Perf: $4,922.38 Date: 11/30/2017 Perf: $4,868.35 Date: 10/31/2017 Perf: $4,723.34 Date: 9/30/2017 Perf: $4,615.79 Date: 8/31/2017 Perf: $4,522.62 Date: 7/31/2017 Perf: $4,508.65 Date: 6/30/2017 Perf: $4,417.64 Date: 5/31/2017 Perf: $4,390.42 Date: 4/30/2017 Perf: $4,329.38 Date: 3/31/2017 Perf: $4,285.24 Date: 2/28/2017 Perf: $4,280.11 Date: 1/31/2017 Perf: $4,116.67 Date: 12/31/2016 Perf: $4,039.92 Date: 11/30/2016 Perf: $3,961.48 Date: 10/31/2016 Perf: $3,820.13 Date: 9/30/2016 Perf: $3,890.95 Date: 8/31/2016 Perf: $3,890.17 Date: 7/31/2016 Perf: $3,884.73 Date: 6/30/2016 Perf: $3,746.49 Date: 5/31/2016 Perf: $3,736.77 Date: 4/30/2016 Perf: $3,670.70 Date: 3/31/2016 Perf: $3,656.44 Date: 2/29/2016 Perf: $3,424.27 Date: 1/31/2016 Perf: $3,428.73 Date: 12/31/2015 Perf: $3,607.67 Date: 11/30/2015 Perf: $3,665.59 Date: 10/31/2015 Perf: $3,654.62 Date: 9/30/2015 Perf: $3,370.18 Date: 8/31/2015 Perf: $3,455.53 Date: 7/31/2015 Perf: $3,677.27 Date: 6/30/2015 Perf: $3,601.64 Date: 5/31/2015 Perf: $3,672.89 Date: 4/30/2015 Perf: $3,626.11 Date: 3/31/2015 Perf: $3,591.63 Date: 2/28/2015 Perf: $3,649.29 Date: 1/31/2015 Perf: $3,450.87 Date: 12/31/2014 Perf: $3,557.60 Date: 11/30/2014 Perf: $3,566.51 Date: 10/31/2014 Perf: $3,473.09 Date: 9/30/2014 Perf: $3,390.36 Date: 8/31/2014 Perf: $3,438.50 Date: 7/31/2014 Perf: $3,306.25 Date: 6/30/2014 Perf: $3,352.51 Date: 5/31/2014 Perf: $3,284.52 Date: 4/30/2014 Perf: $3,209.11 Date: 3/31/2014 Perf: $3,185.54 Date: 2/28/2014 Perf: $3,159.00 Date: 1/31/2014 Perf: $3,020.94 Date: 12/31/2013 Perf: $3,129.22 Date: 11/30/2013 Perf: $3,052.00 Date: 10/31/2013 Perf: $2,961.67 Date: 9/30/2013 Perf: $2,831.42 Date: 8/31/2013 Perf: $2,745.22 Date: 7/31/2013 Perf: $2,827.21 Date: 6/30/2013 Perf: $2,690.28 Date: 5/31/2013 Perf: $2,726.82 Date: 4/30/2013 Perf: $2,664.47 Date: 3/31/2013 Perf: $2,614.02 Date: 2/28/2013 Perf: $2,519.54 Date: 1/31/2013 Perf: $2,485.73 Date: 12/31/2012 Perf: $2,363.31 Date: 11/30/2012 Perf: $2,342.00 Date: 10/31/2012 Perf: $2,328.49 Date: 9/30/2012 Perf: $2,372.38 Date: 8/31/2012 Perf: $2,312.71 Date: 7/31/2012 Perf: $2,261.82 Date: 6/30/2012 Perf: $2,230.81 Date: 5/31/2012 Perf: $2,142.54 Date: 4/30/2012 Perf: $2,279.54 Date: 3/31/2012 Perf: $2,293.99 Date: 2/29/2012 Perf: $2,220.93 Date: 1/31/2012 Perf: $2,128.95 Date: 12/31/2011 Perf: $2,037.67 Date: 11/30/2011 Perf: $2,017.09 Date: 10/31/2011 Perf: $2,021.54 Date: 9/30/2011 Perf: $1,822.36 Date: 8/31/2011 Perf: $1,960.16 Date: 7/31/2011 Perf: $2,072.70 Date: 6/30/2011 Perf: $2,115.65 Date: 5/31/2011 Perf: $2,151.58 Date: 4/30/2011 Perf: $2,176.17 Date: 3/31/2011 Perf: $2,113.61 Date: 2/28/2011 Perf: $2,112.77 Date: 1/31/2011 Perf: $2,042.70 Date: 12/31/2010 Perf: $1,995.41 Date: 11/30/2010 Perf: $1,870.46 Date: 10/31/2010 Perf: $1,870.28 Date: 9/30/2010 Perf: $1,801.63 Date: 8/31/2010 Perf: $1,654.09 Date: 7/31/2010 Perf: $1,732.21 Date: 6/30/2010 Perf: $1,618.74 Date: 5/31/2010 Perf: $1,708.07 Date: 4/30/2010 Perf: $1,856.40 Date: 3/31/2010 Perf: $1,827.52 Date: 2/28/2010 Perf: $1,723.59 Date: 1/31/2010 Perf: $1,671.76 Date: 12/31/2009 Perf: $1,734.20 Date: 11/30/2009 Perf: $1,701.36 Date: 10/31/2009 Perf: $1,605.06 Date: 9/30/2009 Perf: $1,635.48 Date: 8/31/2009 Perf: $1,576.67 Date: 7/31/2009 Perf: $1,521.73 Date: 6/30/2009 Perf: $1,414.77 Date: 5/31/2009 Perf: $1,411.95 Date: 4/30/2009 Perf: $1,337.20 Date: 3/31/2009 Perf: $1,220.41 Date: 2/28/2009 Perf: $1,122.11 Date: 1/31/2009 Perf: $1,255.86 Date: 12/31/2008 Perf: $1,371.48 Date: 11/30/2008 Perf: $1,357.09 Date: 10/31/2008 Perf: $1,462.07 Date: 9/30/2008 Perf: $1,757.08 Date: 8/31/2008 Perf: $1,928.95 Date: 7/31/2008 Perf: $1,901.38 Date: 6/30/2008 Perf: $1,917.49 Date: 5/31/2008 Perf: $2,094.01 Date: 4/30/2008 Perf: $2,067.14 Date: 3/31/2008 Perf: $1,971.14 Date: 2/29/2008 Perf: $1,979.66 Date: 1/31/2008 Perf: $2,046.16 Date: 12/31/2007 Perf: $2,176.76 Date: 11/30/2007 Perf: $2,191.89 Date: 10/31/2007 Perf: $2,287.50 Date: 9/30/2007 Perf: $2,251.70 Date: 8/31/2007 Perf: $2,170.52 Date: 7/31/2007 Perf: $2,138.45 Date: 6/30/2007 Perf: $2,206.86 Date: 5/31/2007 Perf: $2,244.11 Date: 4/30/2007 Perf: $2,168.43 Date: 3/31/2007 Perf: $2,076.45 Date: 2/28/2007 Perf: $2,053.45 Date: 1/31/2007 Perf: $2,094.50 Date: 12/31/2006 Perf: $2,063.35 Date: 11/30/2006 Perf: $2,034.86 Date: 10/31/2006 Perf: $1,996.92 Date: 9/30/2006 Perf: $1,933.87 Date: 8/31/2006 Perf: $1,885.23 Date: 7/31/2006 Perf: $1,841.41 Date: 6/30/2006 Perf: $1,830.06 Date: 5/31/2006 Perf: $1,827.50 Date: 4/30/2006 Perf: $1,881.70 Date: 3/31/2006 Perf: $1,856.81 Date: 2/28/2006 Perf: $1,834.07 Date: 1/31/2006 Perf: $1,829.13 Date: 12/31/2005 Perf: $1,781.91 Date: 11/30/2005 Perf: $1,781.38 Date: 10/31/2005 Perf: $1,716.49 Date: 9/30/2005 Perf: $1,745.65 Date: 8/31/2005 Perf: $1,731.62 Date: 7/31/2005 Perf: $1,747.52 Date: 6/30/2005 Perf: $1,684.85 Date: 5/31/2005 Perf: $1,682.49 Date: 4/30/2005 Perf: $1,630.64 Date: 3/31/2005 Perf: $1,662.22 Date: 2/28/2005 Perf: $1,692.17 Date: 1/31/2005 Perf: $1,657.37 Date: 12/31/2004 Perf: $1,698.82 Date: 11/30/2004 Perf: $1,642.96 Date: 10/31/2004 Perf: $1,579.01 Date: 9/30/2004 Perf: $1,555.21 Date: 8/31/2004 Perf: $1,538.59 Date: 7/31/2004 Perf: $1,532.47 Date: 6/30/2004 Perf: $1,584.93 Date: 5/31/2004 Perf: $1,554.76 Date: 4/30/2004 Perf: $1,533.75 Date: 3/31/2004 Perf: $1,558.22 Date: 2/29/2004 Perf: $1,582.11 Date: 1/31/2004 Perf: $1,560.42 Date: 12/31/2003 Perf: $1,532.22 Date: 11/30/2003 Perf: $1,455.93 Date: 10/31/2003 Perf: $1,443.23 Date: 9/30/2003 Perf: $1,365.92 Date: 8/31/2003 Perf: $1,380.55 Date: 7/31/2003 Perf: $1,354.15 Date: 6/30/2003 Perf: $1,330.73 Date: 5/31/2003 Perf: $1,313.91 Date: 4/30/2003 Perf: $1,248.13 Date: 3/31/2003 Perf: $1,153.12 Date: 2/28/2003 Perf: $1,142.04 Date: 1/31/2003 Perf: $1,159.43 Date: 12/31/2002 Perf: $1,190.62 Date: 11/30/2002 Perf: $1,264.87 Date: 10/31/2002 Perf: $1,194.51 Date: 9/30/2002 Perf: $1,097.90 Date: 8/31/2002 Perf: $1,231.80 Date: 7/31/2002 Perf: $1,223.72 Date: 6/30/2002 Perf: $1,327.24 Date: 5/31/2002 Perf: $1,428.99 Date: 4/30/2002 Perf: $1,439.64 Date: 3/31/2002 Perf: $1,532.51 Date: 2/28/2002 Perf: $1,476.98 Date: 1/31/2002 Perf: $1,506.04 Date: 12/31/2001 Perf: $1,528.36 Date: 11/30/2001 Perf: $1,515.03 Date: 10/31/2001 Perf: $1,407.10 Date: 9/30/2001 Perf: $1,380.73 Date: 8/31/2001 Perf: $1,502.10 Date: 7/31/2001 Perf: $1,602.41 Date: 6/30/2001 Perf: $1,618.27 Date: 5/31/2001 Perf: $1,658.57 Date: 4/30/2001 Perf: $1,647.53 Date: 3/31/2001 Perf: $1,528.75 Date: 2/28/2001 Perf: $1,632.23 Date: 1/31/2001 Perf: $1,796.03 Date: 12/31/2000 Perf: $1,734.46 Date: 11/30/2000 Perf: $1,726.00 Date: 10/31/2000 Perf: $1,873.64 Date: 9/30/2000 Perf: $1,881.55 Date: 8/31/2000 Perf: $1,986.43 Date: 7/31/2000 Perf: $1,870.29 Date: 6/30/2000 Perf: $1,899.92 Date: 5/31/2000 Perf: $1,854.13 Date: 4/30/2000 Perf: $1,892.93 Date: 3/31/2000 Perf: $1,951.68 Date: 2/29/2000 Perf: $1,777.81 Date: 1/31/2000 Perf: $1,812.06 Date: 12/31/1999 Perf: $1,907.83 Date: 11/30/1999 Perf: $1,801.71 Date: 10/31/1999 Perf: $1,765.86 Date: 9/30/1999 Perf: $1,660.74 Date: 8/31/1999 Perf: $1,707.52 Date: 7/31/1999 Perf: $1,715.93 Date: 6/30/1999 Perf: $1,771.19 Date: 5/31/1999 Perf: $1,678.06 Date: 4/30/1999 Perf: $1,718.62 Date: 3/31/1999 Perf: $1,654.59 Date: 2/28/1999 Perf: $1,590.95 Date: 1/31/1999 Perf: $1,642.02 Date: 12/31/1998 Perf: $1,576.13 Date: 11/30/1998 Perf: $1,490.29 Date: 10/31/1998 Perf: $1,405.14 Date: 9/30/1998 Perf: $1,299.49 Date: 8/31/1998 Perf: $1,221.21 Date: 7/31/1998 Perf: $1,427.65 Date: 6/30/1998 Perf: $1,442.95 Date: 5/31/1998 Perf: $1,386.65 Date: 4/30/1998 Perf: $1,410.92 Date: 3/31/1998 Perf: $1,396.81 Date: 2/28/1998 Perf: $1,328.77 Date: 1/31/1998 Perf: $1,239.41 Date: 12/31/1997 Perf: $1,225.81 Date: 11/30/1997 Perf: $1,205.08 Date: 10/31/1997 Perf: $1,151.75 Date: 9/30/1997 Perf: $1,191.55 Date: 8/31/1997 Perf: $1,129.65 Date: 7/31/1997 Perf: $1,196.66 Date: 6/30/1997 Perf: $1,108.43 Date: 5/31/1997 Perf: $1,060.90 Date: 4/30/1997 Perf: $1,000.00 Date: 2/28/2023 Perf: $10,945.11 Date: 1/31/2023 Perf: $10,792.93 Date: 12/31/2022 Perf: $10,885.46 Date: 11/30/2022 Perf: $11,367.44 Date: 10/31/2022 Perf: $12,932.24 Date: 9/30/2022 Perf: $12,875.59 Date: 8/31/2022 Perf: $12,131.90 Date: 7/31/2022 Perf: $12,163.52 Date: 6/30/2022 Perf: $12,649.26 Date: 5/31/2022 Perf: $12,738.43 Date: 4/30/2022 Perf: $12,752.45 Date: 3/31/2022 Perf: $11,839.62 Date: 2/28/2022 Perf: $10,521.30 Date: 1/31/2022 Perf: $9,951.10 Date: 12/31/2021 Perf: $9,836.02 Date: 11/30/2021 Perf: $9,495.14 Date: 10/31/2021 Perf: $10,270.57 Date: 9/30/2021 Perf: $10,139.77 Date: 8/31/2021 Perf: $9,685.52 Date: 7/31/2021 Perf: $9,720.51 Date: 6/30/2021 Perf: $9,334.08 Date: 5/31/2021 Perf: $9,046.41 Date: 4/30/2021 Perf: $9,143.33 Date: 3/31/2021 Perf: $8,863.25 Date: 2/28/2021 Perf: $8,605.93 Date: 1/31/2021 Perf: $8,007.75 Date: 12/31/2020 Perf: $7,792.67 Date: 11/30/2020 Perf: $7,358.52 Date: 10/31/2020 Perf: $6,908.76 Date: 9/30/2020 Perf: $7,123.17 Date: 8/31/2020 Perf: $7,408.39 Date: 7/31/2020 Perf: $7,257.44 Date: 6/30/2020 Perf: $6,991.75 Date: 5/31/2020 Perf: $6,893.18 Date: 4/30/2020 Perf: $6,884.91 Date: 3/31/2020 Perf: $6,852.71 Date: 2/29/2020 Perf: $6,241.65 Date: 1/31/2020 Perf: $6,358.65 Date: 12/31/2019 Perf: $6,901.07 Date: 11/30/2019 Perf: $6,795.07 Date: 10/31/2019 Perf: $6,628.69 Date: 9/30/2019 Perf: $6,978.30 Date: 8/31/2019 Perf: $7,485.04 Date: 7/31/2019 Perf: $6,995.36 Date: 6/30/2019 Perf: $6,606.88 Date: 5/31/2019 Perf: $6,433.18 Date: 4/30/2019 Perf: $6,867.19 Date: 3/31/2019 Perf: $6,608.15 Date: 2/28/2019 Perf: $6,121.49 Date: 1/31/2019 Perf: $6,222.93 Date: 12/31/2018 Perf: $6,613.80 Date: 11/30/2018 Perf: $6,541.19 Date: 10/31/2018 Perf: $6,423.64 Date: 9/30/2018 Perf: $7,097.16 Date: 8/31/2018 Perf: $6,926.76 Date: 7/31/2018 Perf: $6,861.58 Date: 6/30/2018 Perf: $6,923.89 Date: 5/31/2018 Perf: $7,070.25 Date: 4/30/2018 Perf: $6,732.29 Date: 3/31/2018 Perf: $6,710.81 Date: 2/28/2018 Perf: $6,535.66 Date: 1/31/2018 Perf: $7,179.67 Date: 12/31/2017 Perf: $7,038.21 Date: 11/30/2017 Perf: $6,829.23 Date: 10/31/2017 Perf: $6,940.28 Date: 9/30/2017 Perf: $6,295.61 Date: 8/31/2017 Perf: $6,622.07 Date: 7/31/2017 Perf: $6,175.00 Date: 6/30/2017 Perf: $6,092.75 Date: 5/31/2017 Perf: $6,554.87 Date: 4/30/2017 Perf: $6,602.41 Date: 3/31/2017 Perf: $6,579.38 Date: 2/28/2017 Perf: $6,877.88 Date: 1/31/2017 Perf: $6,430.33 Date: 12/31/2016 Perf: $6,533.56 Date: 11/30/2016 Perf: $6,477.85 Date: 10/31/2016 Perf: $6,262.42 Date: 9/30/2016 Perf: $6,164.41 Date: 8/31/2016 Perf: $6,303.72 Date: 7/31/2016 Perf: $6,382.22 Date: 6/30/2016 Perf: $6,320.91 Date: 5/31/2016 Perf: $6,223.20 Date: 4/30/2016 Perf: $6,315.41 Date: 3/31/2016 Perf: $6,860.85 Date: 2/29/2016 Perf: $7,073.04 Date: 1/31/2016 Perf: $6,879.05 Date: 12/31/2015 Perf: $6,685.18 Date: 11/30/2015 Perf: $6,901.19 Date: 10/31/2015 Perf: $6,245.98 Date: 9/30/2015 Perf: $6,294.45 Date: 8/31/2015 Perf: $6,043.64 Date: 7/31/2015 Perf: $6,337.04 Date: 6/30/2015 Perf: $5,956.99 Date: 5/31/2015 Perf: $6,564.90 Date: 4/30/2015 Perf: $6,558.34 Date: 3/31/2015 Perf: $6,868.09 Date: 2/28/2015 Perf: $6,786.65 Date: 1/31/2015 Perf: $7,005.21 Date: 12/31/2014 Perf: $6,847.05 Date: 11/30/2014 Perf: $6,977.53 Date: 10/31/2014 Perf: $6,361.71 Date: 9/30/2014 Perf: $6,075.55 Date: 8/31/2014 Perf: $5,657.99 Date: 7/31/2014 Perf: $5,269.62 Date: 6/30/2014 Perf: $5,362.94 Date: 5/31/2014 Perf: $5,333.60 Date: 4/30/2014 Perf: $5,045.03 Date: 3/31/2014 Perf: $5,012.45 Date: 2/28/2014 Perf: $5,265.73 Date: 1/31/2014 Perf: $5,370.45 Date: 12/31/2013 Perf: $5,669.82 Date: 11/30/2013 Perf: $5,810.43 Date: 10/31/2013 Perf: $5,649.42 Date: 9/30/2013 Perf: $5,381.94 Date: 8/31/2013 Perf: $5,249.14 Date: 7/31/2013 Perf: $5,612.85 Date: 6/30/2013 Perf: $5,555.08 Date: 5/31/2013 Perf: $5,773.91 Date: 4/30/2013 Perf: $5,921.35 Date: 3/31/2013 Perf: $5,473.61 Date: 2/28/2013 Perf: $5,341.15 Date: 1/31/2013 Perf: $5,185.08 Date: 12/31/2012 Perf: $5,174.21 Date: 11/30/2012 Perf: $5,076.24 Date: 10/31/2012 Perf: $5,098.16 Date: 9/30/2012 Perf: $5,322.78 Date: 8/31/2012 Perf: $5,510.70 Date: 7/31/2012 Perf: $5,581.02 Date: 6/30/2012 Perf: $5,409.54 Date: 5/31/2012 Perf: $5,848.15 Date: 4/30/2012 Perf: $5,859.87 Date: 3/31/2012 Perf: $5,874.55 Date: 2/29/2012 Perf: $5,710.66 Date: 1/31/2012 Perf: $5,478.90 Date: 12/31/2011 Perf: $5,425.73 Date: 11/30/2011 Perf: $5,302.70 Date: 10/31/2011 Perf: $5,230.52 Date: 9/30/2011 Perf: $5,746.56 Date: 8/31/2011 Perf: $5,320.89 Date: 7/31/2011 Perf: $5,805.03 Date: 6/30/2011 Perf: $5,775.00 Date: 5/31/2011 Perf: $6,209.68 Date: 4/30/2011 Perf: $6,860.01 Date: 3/31/2011 Perf: $6,610.15 Date: 2/28/2011 Perf: $7,111.51 Date: 1/31/2011 Perf: $6,695.70 Date: 12/31/2010 Perf: $6,469.90 Date: 11/30/2010 Perf: $5,932.43 Date: 10/31/2010 Perf: $6,191.87 Date: 9/30/2010 Perf: $5,946.86 Date: 8/31/2010 Perf: $5,707.70 Date: 7/31/2010 Perf: $5,559.81 Date: 6/30/2010 Perf: $5,845.05 Date: 5/31/2010 Perf: $5,834.55 Date: 4/30/2010 Perf: $6,332.95 Date: 3/31/2010 Perf: $6,308.98 Date: 2/28/2010 Perf: $5,945.13 Date: 1/31/2010 Perf: $6,026.49 Date: 12/31/2009 Perf: $6,428.26 Date: 11/30/2009 Perf: $6,421.84 Date: 10/31/2009 Perf: $6,029.89 Date: 9/30/2009 Perf: $6,249.24 Date: 8/31/2009 Perf: $6,154.46 Date: 7/31/2009 Perf: $5,994.41 Date: 6/30/2009 Perf: $5,624.86 Date: 5/31/2009 Perf: $5,637.83 Date: 4/30/2009 Perf: $5,537.05 Date: 3/31/2009 Perf: $5,691.87 Date: 2/28/2009 Perf: $5,906.88 Date: 1/31/2009 Perf: $5,785.39 Date: 12/31/2008 Perf: $5,892.63 Date: 11/30/2008 Perf: $5,604.56 Date: 10/31/2008 Perf: $5,259.04 Date: 9/30/2008 Perf: $4,262.82 Date: 8/31/2008 Perf: $3,644.99 Date: 7/31/2008 Perf: $3,576.33 Date: 6/30/2008 Perf: $3,949.56 Date: 5/31/2008 Perf: $3,703.99 Date: 4/30/2008 Perf: $3,447.49 Date: 3/31/2008 Perf: $3,645.83 Date: 2/29/2008 Perf: $3,982.33 Date: 1/31/2008 Perf: $3,582.20 Date: 12/31/2007 Perf: $3,354.75 Date: 11/30/2007 Perf: $3,468.88 Date: 10/31/2007 Perf: $3,351.25 Date: 9/30/2007 Perf: $3,373.85 Date: 8/31/2007 Perf: $3,277.81 Date: 7/31/2007 Perf: $3,461.62 Date: 6/30/2007 Perf: $3,666.97 Date: 5/31/2007 Perf: $3,401.96 Date: 4/30/2007 Perf: $3,290.42 Date: 3/31/2007 Perf: $3,188.08 Date: 2/28/2007 Perf: $3,185.53 Date: 1/31/2007 Perf: $3,301.41 Date: 12/31/2006 Perf: $3,195.02 Date: 11/30/2006 Perf: $3,090.56 Date: 10/31/2006 Perf: $3,300.11 Date: 9/30/2006 Perf: $3,454.17 Date: 8/31/2006 Perf: $3,423.02 Date: 7/31/2006 Perf: $3,465.30 Date: 6/30/2006 Perf: $3,703.82 Date: 5/31/2006 Perf: $3,751.85 Date: 4/30/2006 Perf: $3,834.28 Date: 3/31/2006 Perf: $3,745.15 Date: 2/28/2006 Perf: $3,731.34 Date: 1/31/2006 Perf: $3,757.27 Date: 12/31/2005 Perf: $3,776.53 Date: 11/30/2005 Perf: $3,884.52 Date: 10/31/2005 Perf: $3,601.78 Date: 9/30/2005 Perf: $3,567.88 Date: 8/31/2005 Perf: $3,527.32 Date: 7/31/2005 Perf: $3,463.93 Date: 6/30/2005 Perf: $3,486.59 Date: 5/31/2005 Perf: $3,573.06 Date: 4/30/2005 Perf: $3,722.71 Date: 3/31/2005 Perf: $3,941.88 Date: 2/28/2005 Perf: $3,931.27 Date: 1/31/2005 Perf: $4,119.53 Date: 12/31/2004 Perf: $4,218.24 Date: 11/30/2004 Perf: $4,233.48 Date: 10/31/2004 Perf: $3,949.14 Date: 9/30/2004 Perf: $3,994.27 Date: 8/31/2004 Perf: $3,705.95 Date: 7/31/2004 Perf: $3,936.22 Date: 6/30/2004 Perf: $3,954.01 Date: 5/31/2004 Perf: $4,002.44 Date: 4/30/2004 Perf: $4,260.64 Date: 3/31/2004 Perf: $4,579.85 Date: 2/29/2004 Perf: $4,475.57 Date: 1/31/2004 Perf: $4,028.78 Date: 12/31/2003 Perf: $3,932.44 Date: 11/30/2003 Perf: $3,687.58 Date: 10/31/2003 Perf: $3,725.96 Date: 9/30/2003 Perf: $3,274.13 Date: 8/31/2003 Perf: $3,143.06 Date: 7/31/2003 Perf: $3,170.65 Date: 6/30/2003 Perf: $3,316.92 Date: 5/31/2003 Perf: $3,541.83 Date: 4/30/2003 Perf: $3,236.91 Date: 3/31/2003 Perf: $3,375.30 Date: 2/28/2003 Perf: $3,603.01 Date: 1/31/2003 Perf: $3,369.19 Date: 12/31/2002 Perf: $3,126.57 Date: 11/30/2002 Perf: $2,837.43 Date: 10/31/2002 Perf: $3,017.58 Date: 9/30/2002 Perf: $3,331.40 Date: 8/31/2002 Perf: $3,192.52 Date: 7/31/2002 Perf: $3,077.13 Date: 6/30/2002 Perf: $2,935.63 Date: 5/31/2002 Perf: $2,630.03 Date: 4/30/2002 Perf: $2,772.24 Date: 3/31/2002 Perf: $2,878.16 Date: 2/28/2002 Perf: $2,938.40 Date: 1/31/2002 Perf: $2,977.70 Date: 12/31/2001 Perf: $2,962.30 Date: 11/30/2001 Perf: $2,826.08 Date: 10/31/2001 Perf: $3,117.23 Date: 9/30/2001 Perf: $3,002.53 Date: 8/31/2001 Perf: $2,826.44 Date: 7/31/2001 Perf: $2,770.21 Date: 6/30/2001 Perf: $2,875.45 Date: 5/31/2001 Perf: $2,739.31 Date: 4/30/2001 Perf: $2,674.84 Date: 3/31/2001 Perf: $2,791.82 Date: 2/28/2001 Perf: $2,417.58 Date: 1/31/2001 Perf: $2,303.55 Date: 12/31/2000 Perf: $2,455.81 Date: 11/30/2000 Perf: $2,458.76 Date: 10/31/2000 Perf: $2,312.39 Date: 9/30/2000 Perf: $2,239.39 Date: 8/31/2000 Perf: $2,278.11 Date: 7/31/2000 Perf: $2,171.29 Date: 6/30/2000 Perf: $2,139.41 Date: 5/31/2000 Perf: $2,238.11 Date: 4/30/2000 Perf: $2,212.88 Date: 3/31/2000 Perf: $1,977.38 Date: 2/29/2000 Perf: $2,009.33 Date: 1/31/2000 Perf: $2,002.32 Date: 12/31/1999 Perf: $2,120.65 Date: 11/30/1999 Perf: $2,021.98 Date: 10/31/1999 Perf: $1,922.03 Date: 9/30/1999 Perf: $1,946.16 Date: 8/31/1999 Perf: $2,018.63 Date: 7/31/1999 Perf: $1,859.81 Date: 6/30/1999 Perf: $1,946.01 Date: 5/31/1999 Perf: $1,953.05 Date: 4/30/1999 Perf: $2,068.03 Date: 3/31/1999 Perf: $1,979.73 Date: 2/28/1999 Perf: $2,037.18 Date: 1/31/1999 Perf: $1,920.96 Date: 12/31/1998 Perf: $1,919.81 Date: 11/30/1998 Perf: $1,873.72 Date: 10/31/1998 Perf: $1,797.33 Date: 9/30/1998 Perf: $1,847.96 Date: 8/31/1998 Perf: $1,949.74 Date: 7/31/1998 Perf: $1,633.77 Date: 6/30/1998 Perf: $1,656.63 Date: 5/31/1998 Perf: $1,620.97 Date: 4/30/1998 Perf: $1,503.96 Date: 3/31/1998 Perf: $1,590.82 Date: 2/28/1998 Perf: $1,492.33 Date: 1/31/1998 Perf: $1,406.40 Date: 12/31/1997 Perf: $1,304.15 Date: 11/30/1997 Perf: $1,258.35 Date: 10/31/1997 Perf: $1,072.39 Date: 9/30/1997 Perf: $1,183.00 Date: 8/31/1997 Perf: $1,208.13 Date: 7/31/1997 Perf: $1,234.30 Date: 6/30/1997 Perf: $1,097.25 Date: 5/31/1997 Perf: $954.30 Date: 4/30/1997 Perf: $1,000.00

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Monthly Returns

Date Range: 04/97 - 01/23
Date: 2/28/2023 Return: 1.41 % Date: 1/31/2023 Return: -0.85 % Date: 12/31/2022 Return: -4.24 % Date: 11/30/2022 Return: -12.10 % Date: 10/31/2022 Return: 0.44 % Date: 9/30/2022 Return: 6.13 % Date: 8/31/2022 Return: -0.26 % Date: 7/31/2022 Return: -3.84 % Date: 6/30/2022 Return: -0.70 % Date: 5/31/2022 Return: -0.11 % Date: 4/30/2022 Return: 7.71 % Date: 3/31/2022 Return: 12.53 % Date: 2/28/2022 Return: 5.73 % Date: 1/31/2022 Return: 1.17 % Date: 12/31/2021 Return: 3.59 % Date: 11/30/2021 Return: -7.55 % Date: 10/31/2021 Return: 1.29 % Date: 9/30/2021 Return: 4.69 % Date: 8/31/2021 Return: -0.36 % Date: 7/31/2021 Return: 4.14 % Date: 6/30/2021 Return: 3.18 % Date: 5/31/2021 Return: -1.06 % Date: 4/30/2021 Return: 3.16 % Date: 3/31/2021 Return: 2.99 % Date: 2/28/2021 Return: 7.47 % Date: 1/31/2021 Return: 2.76 % Date: 12/31/2020 Return: 5.90 % Date: 11/30/2020 Return: 6.51 % Date: 10/31/2020 Return: -3.01 % Date: 9/30/2020 Return: -3.85 % Date: 8/31/2020 Return: 2.08 % Date: 7/31/2020 Return: 3.80 % Date: 6/30/2020 Return: 1.43 % Date: 5/31/2020 Return: 0.12 % Date: 4/30/2020 Return: 0.47 % Date: 3/31/2020 Return: 9.79 % Date: 2/29/2020 Return: -1.84 % Date: 1/31/2020 Return: -7.86 % Date: 12/31/2019 Return: 1.56 % Date: 11/30/2019 Return: 2.51 % Date: 10/31/2019 Return: -5.01 % Date: 9/30/2019 Return: -6.77 % Date: 8/31/2019 Return: 7.00 % Date: 7/31/2019 Return: 5.88 % Date: 6/30/2019 Return: 2.70 % Date: 5/31/2019 Return: -6.32 % Date: 4/30/2019 Return: 3.92 % Date: 3/31/2019 Return: 7.95 % Date: 2/28/2019 Return: -1.63 % Date: 1/31/2019 Return: -5.91 % Date: 12/31/2018 Return: 1.11 % Date: 11/30/2018 Return: 1.83 % Date: 10/31/2018 Return: -9.49 % Date: 9/30/2018 Return: 2.46 % Date: 8/31/2018 Return: 0.95 % Date: 7/31/2018 Return: -0.90 % Date: 6/30/2018 Return: -2.07 % Date: 5/31/2018 Return: 5.02 % Date: 4/30/2018 Return: 0.32 % Date: 3/31/2018 Return: 2.68 % Date: 2/28/2018 Return: -8.97 % Date: 1/31/2018 Return: 2.01 % Date: 12/31/2017 Return: 3.06 % Date: 11/30/2017 Return: -1.60 % Date: 10/31/2017 Return: 10.24 % Date: 9/30/2017 Return: -4.93 % Date: 8/31/2017 Return: 7.24 % Date: 7/31/2017 Return: 1.35 % Date: 6/30/2017 Return: -7.05 % Date: 5/31/2017 Return: -0.72 % Date: 4/30/2017 Return: 0.35 % Date: 3/31/2017 Return: -4.34 % Date: 2/28/2017 Return: 6.96 % Date: 1/31/2017 Return: -1.58 % Date: 12/31/2016 Return: 0.86 % Date: 11/30/2016 Return: 3.44 % Date: 10/31/2016 Return: 1.59 % Date: 9/30/2016 Return: -2.21 % Date: 8/31/2016 Return: -1.23 % Date: 7/31/2016 Return: 0.97 % Date: 6/30/2016 Return: 1.57 % Date: 5/31/2016 Return: -1.46 % Date: 4/30/2016 Return: -7.95 % Date: 3/31/2016 Return: -3.00 % Date: 2/29/2016 Return: 2.82 % Date: 1/31/2016 Return: 2.90 % Date: 12/31/2015 Return: -3.13 % Date: 11/30/2015 Return: 10.49 % Date: 10/31/2015 Return: -0.77 % Date: 9/30/2015 Return: 4.15 % Date: 8/31/2015 Return: -4.63 % Date: 7/31/2015 Return: 6.38 % Date: 6/30/2015 Return: -9.26 % Date: 5/31/2015 Return: 0.10 % Date: 4/30/2015 Return: -4.51 % Date: 3/31/2015 Return: 1.20 % Date: 2/28/2015 Return: -3.12 % Date: 1/31/2015 Return: 2.31 % Date: 12/31/2014 Return: -1.87 % Date: 11/30/2014 Return: 9.68 % Date: 10/31/2014 Return: 4.71 % Date: 9/30/2014 Return: 7.38 % Date: 8/31/2014 Return: 7.37 % Date: 7/31/2014 Return: -1.74 % Date: 6/30/2014 Return: 0.55 % Date: 5/31/2014 Return: 5.72 % Date: 4/30/2014 Return: 0.65 % Date: 3/31/2014 Return: -4.81 % Date: 2/28/2014 Return: -1.95 % Date: 1/31/2014 Return: -5.28 % Date: 12/31/2013 Return: -2.42 % Date: 11/30/2013 Return: 2.85 % Date: 10/31/2013 Return: 4.97 % Date: 9/30/2013 Return: 2.53 % Date: 8/31/2013 Return: -6.48 % Date: 7/31/2013 Return: 1.04 % Date: 6/30/2013 Return: -3.79 % Date: 5/31/2013 Return: -2.49 % Date: 4/30/2013 Return: 8.18 % Date: 3/31/2013 Return: 2.48 % Date: 2/28/2013 Return: 3.01 % Date: 1/31/2013 Return: 0.21 % Date: 12/31/2012 Return: 1.93 % Date: 11/30/2012 Return: -0.43 % Date: 10/31/2012 Return: -4.22 % Date: 9/30/2012 Return: -3.41 % Date: 8/31/2012 Return: -1.26 % Date: 7/31/2012 Return: 3.17 % Date: 6/30/2012 Return: -7.50 % Date: 5/31/2012 Return: -0.20 % Date: 4/30/2012 Return: -0.25 % Date: 3/31/2012 Return: 2.87 % Date: 2/29/2012 Return: 4.23 % Date: 1/31/2012 Return: 0.98 % Date: 12/31/2011 Return: 2.32 % Date: 11/30/2011 Return: 1.38 % Date: 10/31/2011 Return: -8.98 % Date: 9/30/2011 Return: 8.00 % Date: 8/31/2011 Return: -8.34 % Date: 7/31/2011 Return: 0.52 % Date: 6/30/2011 Return: -7.00 % Date: 5/31/2011 Return: -9.48 % Date: 4/30/2011 Return: 3.78 % Date: 3/31/2011 Return: -7.05 % Date: 2/28/2011 Return: 6.21 % Date: 1/31/2011 Return: 3.49 % Date: 12/31/2010 Return: 9.06 % Date: 11/30/2010 Return: -4.19 % Date: 10/31/2010 Return: 4.12 % Date: 9/30/2010 Return: 4.19 % Date: 8/31/2010 Return: 2.66 % Date: 7/31/2010 Return: -4.88 % Date: 6/30/2010 Return: 0.18 % Date: 5/31/2010 Return: -7.87 % Date: 4/30/2010 Return: 0.38 % Date: 3/31/2010 Return: 6.12 % Date: 2/28/2010 Return: -1.35 % Date: 1/31/2010 Return: -6.25 % Date: 12/31/2009 Return: 0.10 % Date: 11/30/2009 Return: 6.50 % Date: 10/31/2009 Return: -3.51 % Date: 9/30/2009 Return: 1.54 % Date: 8/31/2009 Return: 2.67 % Date: 7/31/2009 Return: 6.57 % Date: 6/30/2009 Return: -0.23 % Date: 5/31/2009 Return: 1.82 % Date: 4/30/2009 Return: -2.72 % Date: 3/31/2009 Return: -3.64 % Date: 2/28/2009 Return: 2.10 % Date: 1/31/2009 Return: -1.82 % Date: 12/31/2008 Return: 5.14 % Date: 11/30/2008 Return: 6.57 % Date: 10/31/2008 Return: 23.37 % Date: 9/30/2008 Return: 16.95 % Date: 8/31/2008 Return: 1.92 % Date: 7/31/2008 Return: -9.45 % Date: 6/30/2008 Return: 6.63 % Date: 5/31/2008 Return: 7.44 % Date: 4/30/2008 Return: -5.44 % Date: 3/31/2008 Return: -8.45 % Date: 2/29/2008 Return: 11.17 % Date: 1/31/2008 Return: 6.78 % Date: 12/31/2007 Return: -3.29 % Date: 11/30/2007 Return: 3.51 % Date: 10/31/2007 Return: -0.67 % Date: 9/30/2007 Return: 2.93 % Date: 8/31/2007 Return: -5.31 % Date: 7/31/2007 Return: -5.60 % Date: 6/30/2007 Return: 7.79 % Date: 5/31/2007 Return: 3.39 % Date: 4/30/2007 Return: 3.21 % Date: 3/31/2007 Return: 0.08 % Date: 2/28/2007 Return: -3.51 % Date: 1/31/2007 Return: 3.33 % Date: 12/31/2006 Return: 3.38 % Date: 11/30/2006 Return: -6.35 % Date: 10/31/2006 Return: -4.46 % Date: 9/30/2006 Return: 0.91 % Date: 8/31/2006 Return: -1.22 % Date: 7/31/2006 Return: -6.44 % Date: 6/30/2006 Return: -1.28 % Date: 5/31/2006 Return: -2.15 % Date: 4/30/2006 Return: 2.38 % Date: 3/31/2006 Return: 0.37 % Date: 2/28/2006 Return: -0.69 % Date: 1/31/2006 Return: -0.51 % Date: 12/31/2005 Return: -2.78 % Date: 11/30/2005 Return: 7.85 % Date: 10/31/2005 Return: 0.95 % Date: 9/30/2005 Return: 1.15 % Date: 8/31/2005 Return: 1.83 % Date: 7/31/2005 Return: -0.65 % Date: 6/30/2005 Return: -2.42 % Date: 5/31/2005 Return: -4.02 % Date: 4/30/2005 Return: -5.56 % Date: 3/31/2005 Return: 0.27 % Date: 2/28/2005 Return: -4.57 % Date: 1/31/2005 Return: -2.34 % Date: 12/31/2004 Return: -0.36 % Date: 11/30/2004 Return: 7.20 % Date: 10/31/2004 Return: -1.13 % Date: 9/30/2004 Return: 7.78 % Date: 8/31/2004 Return: -5.85 % Date: 7/31/2004 Return: -0.45 % Date: 6/30/2004 Return: -1.21 % Date: 5/31/2004 Return: -6.06 % Date: 4/30/2004 Return: -6.97 % Date: 3/31/2004 Return: 2.33 % Date: 2/29/2004 Return: 11.09 % Date: 1/31/2004 Return: 2.45 % Date: 12/31/2003 Return: 6.64 % Date: 11/30/2003 Return: -1.03 % Date: 10/31/2003 Return: 13.80 % Date: 9/30/2003 Return: 4.17 % Date: 8/31/2003 Return: -0.87 % Date: 7/31/2003 Return: -4.41 % Date: 6/30/2003 Return: -6.35 % Date: 5/31/2003 Return: 9.42 % Date: 4/30/2003 Return: -4.10 % Date: 3/31/2003 Return: -6.32 % Date: 2/28/2003 Return: 6.94 % Date: 1/31/2003 Return: 7.76 % Date: 12/31/2002 Return: 10.19 % Date: 11/30/2002 Return: -5.97 % Date: 10/31/2002 Return: -9.42 % Date: 9/30/2002 Return: 4.35 % Date: 8/31/2002 Return: 3.75 % Date: 7/31/2002 Return: 4.82 % Date: 6/30/2002 Return: 11.62 % Date: 5/31/2002 Return: -5.13 % Date: 4/30/2002 Return: -3.68 % Date: 3/31/2002 Return: -2.05 % Date: 2/28/2002 Return: -1.32 % Date: 1/31/2002 Return: 0.52 % Date: 12/31/2001 Return: 4.82 % Date: 11/30/2001 Return: -9.34 % Date: 10/31/2001 Return: 3.82 % Date: 9/30/2001 Return: 6.23 % Date: 8/31/2001 Return: 2.03 % Date: 7/31/2001 Return: -3.66 % Date: 6/30/2001 Return: 4.97 % Date: 5/31/2001 Return: 2.41 % Date: 4/30/2001 Return: -4.19 % Date: 3/31/2001 Return: 15.48 % Date: 2/28/2001 Return: 4.95 % Date: 1/31/2001 Return: -6.20 % Date: 12/31/2000 Return: -0.12 % Date: 11/30/2000 Return: 6.33 % Date: 10/31/2000 Return: 3.26 % Date: 9/30/2000 Return: -1.70 % Date: 8/31/2000 Return: 4.92 % Date: 7/31/2000 Return: 1.49 % Date: 6/30/2000 Return: -4.41 % Date: 5/31/2000 Return: 1.14 % Date: 4/30/2000 Return: 11.91 % Date: 3/31/2000 Return: -1.59 % Date: 2/29/2000 Return: 0.35 % Date: 1/31/2000 Return: -5.58 % Date: 12/31/1999 Return: 4.88 % Date: 11/30/1999 Return: 5.20 % Date: 10/31/1999 Return: -1.24 % Date: 9/30/1999 Return: -3.59 % Date: 8/31/1999 Return: 8.54 % Date: 7/31/1999 Return: -4.43 % Date: 6/30/1999 Return: -0.36 % Date: 5/31/1999 Return: -5.56 % Date: 4/30/1999 Return: 4.46 % Date: 3/31/1999 Return: -2.82 % Date: 2/28/1999 Return: 6.05 % Date: 1/31/1999 Return: 0.06 % Date: 12/31/1998 Return: 2.46 % Date: 11/30/1998 Return: 4.25 % Date: 10/31/1998 Return: -2.74 % Date: 9/30/1998 Return: -5.22 % Date: 8/31/1998 Return: 19.34 % Date: 7/31/1998 Return: -1.38 % Date: 6/30/1998 Return: 2.20 % Date: 5/31/1998 Return: 7.78 % Date: 4/30/1998 Return: -5.46 % Date: 3/31/1998 Return: 6.60 % Date: 2/28/1998 Return: 6.11 % Date: 1/31/1998 Return: 7.84 % Date: 12/31/1997 Return: 3.64 % Date: 11/30/1997 Return: 17.34 % Date: 10/31/1997 Return: -9.35 % Date: 9/30/1997 Return: -2.08 % Date: 8/31/1997 Return: -2.12 % Date: 7/31/1997 Return: 12.49 % Date: 6/30/1997 Return: 14.98 % Date: 5/31/1997 Return: -4.57 % Date: 4/30/1997 Return: 0.00 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 04/97 - 01/23
Return: -12.00 % Count: 1 Return: 13.00 % Count: 1 Return: 23.00 % Count: 1 Return: -8.00 % Count: 7 Return: -7.00 % Count: 5 Return: 11.00 % Count: 2 Return: 14.00 % Count: 1 Return: 10.00 % Count: 5 Return: 3.00 % Count: 25 Return: 1.00 % Count: 22 Return: 5.00 % Count: 12 Return: 9.00 % Count: 3 Return: -4.00 % Count: 20 Return: -6.00 % Count: 16 Return: -3.00 % Count: 10 Return: 19.00 % Count: 1 Return: -1.00 % Count: 23 Return: 2.00 % Count: 23 Return: 7.00 % Count: 17 Return: 6.00 % Count: 12 Return: 8.00 % Count: 10 Return: 4.00 % Count: 17 Return: 17.00 % Count: 2 Return: -9.00 % Count: 9 Return: -2.00 % Count: 20 Return: 12.00 % Count: 3 Return: 15.00 % Count: 2 Return: -5.00 % Count: 14 Return: 0.00 % Count: 27

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Underwater Curve

Date Range: 04/97 - 01/23
Date: 2/28/2023 Drawdown: -15.37 % Date: 1/31/2023 Drawdown: -16.54 % Date: 12/31/2022 Drawdown: -15.83 % Date: 11/30/2022 Drawdown: -12.10 % Date: 10/31/2022 Drawdown: 0.00 % Date: 9/30/2022 Drawdown: 0.00 % Date: 8/31/2022 Drawdown: -4.87 % Date: 7/31/2022 Drawdown: -4.62 % Date: 6/30/2022 Drawdown: -0.81 % Date: 5/31/2022 Drawdown: -0.11 % Date: 4/30/2022 Drawdown: 0.00 % Date: 3/31/2022 Drawdown: 0.00 % Date: 2/28/2022 Drawdown: 0.00 % Date: 1/31/2022 Drawdown: -3.11 % Date: 12/31/2021 Drawdown: -4.23 % Date: 11/30/2021 Drawdown: -7.55 % Date: 10/31/2021 Drawdown: 0.00 % Date: 9/30/2021 Drawdown: 0.00 % Date: 8/31/2021 Drawdown: -0.36 % Date: 7/31/2021 Drawdown: 0.00 % Date: 6/30/2021 Drawdown: 0.00 % Date: 5/31/2021 Drawdown: -1.06 % Date: 4/30/2021 Drawdown: 0.00 % Date: 3/31/2021 Drawdown: 0.00 % Date: 2/28/2021 Drawdown: 0.00 % Date: 1/31/2021 Drawdown: 0.00 % Date: 12/31/2020 Drawdown: 0.00 % Date: 11/30/2020 Drawdown: -1.69 % Date: 10/31/2020 Drawdown: -7.70 % Date: 9/30/2020 Drawdown: -4.83 % Date: 8/31/2020 Drawdown: -1.02 % Date: 7/31/2020 Drawdown: -3.04 % Date: 6/30/2020 Drawdown: -6.59 % Date: 5/31/2020 Drawdown: -7.91 % Date: 4/30/2020 Drawdown: -8.02 % Date: 3/31/2020 Drawdown: -8.45 % Date: 2/29/2020 Drawdown: -16.61 % Date: 1/31/2020 Drawdown: -15.05 % Date: 12/31/2019 Drawdown: -7.80 % Date: 11/30/2019 Drawdown: -9.22 % Date: 10/31/2019 Drawdown: -11.44 % Date: 9/30/2019 Drawdown: -6.77 % Date: 8/31/2019 Drawdown: 0.00 % Date: 7/31/2019 Drawdown: -2.57 % Date: 6/30/2019 Drawdown: -7.98 % Date: 5/31/2019 Drawdown: -10.40 % Date: 4/30/2019 Drawdown: -4.35 % Date: 3/31/2019 Drawdown: -7.96 % Date: 2/28/2019 Drawdown: -14.74 % Date: 1/31/2019 Drawdown: -13.33 % Date: 12/31/2018 Drawdown: -7.88 % Date: 11/30/2018 Drawdown: -8.89 % Date: 10/31/2018 Drawdown: -10.53 % Date: 9/30/2018 Drawdown: -1.15 % Date: 8/31/2018 Drawdown: -3.52 % Date: 7/31/2018 Drawdown: -4.43 % Date: 6/30/2018 Drawdown: -3.56 % Date: 5/31/2018 Drawdown: -1.52 % Date: 4/30/2018 Drawdown: -6.23 % Date: 3/31/2018 Drawdown: -6.53 % Date: 2/28/2018 Drawdown: -8.97 % Date: 1/31/2018 Drawdown: 0.00 % Date: 12/31/2017 Drawdown: -1.03 % Date: 11/30/2017 Drawdown: -3.97 % Date: 10/31/2017 Drawdown: -2.41 % Date: 9/30/2017 Drawdown: -11.47 % Date: 8/31/2017 Drawdown: -6.88 % Date: 7/31/2017 Drawdown: -13.17 % Date: 6/30/2017 Drawdown: -14.33 % Date: 5/31/2017 Drawdown: -7.83 % Date: 4/30/2017 Drawdown: -7.16 % Date: 3/31/2017 Drawdown: -7.48 % Date: 2/28/2017 Drawdown: -3.29 % Date: 1/31/2017 Drawdown: -9.58 % Date: 12/31/2016 Drawdown: -8.13 % Date: 11/30/2016 Drawdown: -8.91 % Date: 10/31/2016 Drawdown: -11.94 % Date: 9/30/2016 Drawdown: -13.32 % Date: 8/31/2016 Drawdown: -11.36 % Date: 7/31/2016 Drawdown: -10.26 % Date: 6/30/2016 Drawdown: -11.12 % Date: 5/31/2016 Drawdown: -12.49 % Date: 4/30/2016 Drawdown: -11.19 % Date: 3/31/2016 Drawdown: -3.52 % Date: 2/29/2016 Drawdown: -0.54 % Date: 1/31/2016 Drawdown: -3.27 % Date: 12/31/2015 Drawdown: -5.99 % Date: 11/30/2015 Drawdown: -2.96 % Date: 10/31/2015 Drawdown: -12.17 % Date: 9/30/2015 Drawdown: -11.49 % Date: 8/31/2015 Drawdown: -15.02 % Date: 7/31/2015 Drawdown: -10.89 % Date: 6/30/2015 Drawdown: -16.23 % Date: 5/31/2015 Drawdown: -7.69 % Date: 4/30/2015 Drawdown: -7.78 % Date: 3/31/2015 Drawdown: -3.42 % Date: 2/28/2015 Drawdown: -4.57 % Date: 1/31/2015 Drawdown: -1.49 % Date: 12/31/2014 Drawdown: -3.72 % Date: 11/30/2014 Drawdown: -1.88 % Date: 10/31/2014 Drawdown: -10.54 % Date: 9/30/2014 Drawdown: -14.57 % Date: 8/31/2014 Drawdown: -20.44 % Date: 7/31/2014 Drawdown: -25.90 % Date: 6/30/2014 Drawdown: -24.59 % Date: 5/31/2014 Drawdown: -25.00 % Date: 4/30/2014 Drawdown: -29.06 % Date: 3/31/2014 Drawdown: -29.52 % Date: 2/28/2014 Drawdown: -25.95 % Date: 1/31/2014 Drawdown: -24.48 % Date: 12/31/2013 Drawdown: -20.27 % Date: 11/30/2013 Drawdown: -18.30 % Date: 10/31/2013 Drawdown: -20.56 % Date: 9/30/2013 Drawdown: -24.32 % Date: 8/31/2013 Drawdown: -26.19 % Date: 7/31/2013 Drawdown: -21.07 % Date: 6/30/2013 Drawdown: -21.89 % Date: 5/31/2013 Drawdown: -18.81 % Date: 4/30/2013 Drawdown: -16.74 % Date: 3/31/2013 Drawdown: -23.03 % Date: 2/28/2013 Drawdown: -24.89 % Date: 1/31/2013 Drawdown: -27.09 % Date: 12/31/2012 Drawdown: -27.24 % Date: 11/30/2012 Drawdown: -28.62 % Date: 10/31/2012 Drawdown: -28.31 % Date: 9/30/2012 Drawdown: -25.15 % Date: 8/31/2012 Drawdown: -22.51 % Date: 7/31/2012 Drawdown: -21.52 % Date: 6/30/2012 Drawdown: -23.93 % Date: 5/31/2012 Drawdown: -17.77 % Date: 4/30/2012 Drawdown: -17.60 % Date: 3/31/2012 Drawdown: -17.39 % Date: 2/29/2012 Drawdown: -19.70 % Date: 1/31/2012 Drawdown: -22.96 % Date: 12/31/2011 Drawdown: -23.70 % Date: 11/30/2011 Drawdown: -25.43 % Date: 10/31/2011 Drawdown: -26.45 % Date: 9/30/2011 Drawdown: -19.19 % Date: 8/31/2011 Drawdown: -25.18 % Date: 7/31/2011 Drawdown: -18.37 % Date: 6/30/2011 Drawdown: -18.79 % Date: 5/31/2011 Drawdown: -12.68 % Date: 4/30/2011 Drawdown: -3.54 % Date: 3/31/2011 Drawdown: -7.05 % 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: -7.71 % Date: 10/31/2010 Drawdown: -3.68 % Date: 9/30/2010 Drawdown: -7.49 % Date: 8/31/2010 Drawdown: -11.21 % Date: 7/31/2010 Drawdown: -13.51 % Date: 6/30/2010 Drawdown: -9.07 % Date: 5/31/2010 Drawdown: -9.24 % Date: 4/30/2010 Drawdown: -1.48 % Date: 3/31/2010 Drawdown: -1.86 % Date: 2/28/2010 Drawdown: -7.52 % Date: 1/31/2010 Drawdown: -6.25 % Date: 12/31/2009 Drawdown: 0.00 % Date: 11/30/2009 Drawdown: 0.00 % Date: 10/31/2009 Drawdown: -3.51 % Date: 9/30/2009 Drawdown: 0.00 % Date: 8/31/2009 Drawdown: 0.00 % Date: 7/31/2009 Drawdown: 0.00 % Date: 6/30/2009 Drawdown: -4.77 % Date: 5/31/2009 Drawdown: -4.55 % Date: 4/30/2009 Drawdown: -6.26 % Date: 3/31/2009 Drawdown: -3.64 % Date: 2/28/2009 Drawdown: 0.00 % Date: 1/31/2009 Drawdown: -1.82 % Date: 12/31/2008 Drawdown: 0.00 % Date: 11/30/2008 Drawdown: 0.00 % Date: 10/31/2008 Drawdown: 0.00 % Date: 9/30/2008 Drawdown: -6.92 % Date: 8/31/2008 Drawdown: -20.41 % Date: 7/31/2008 Drawdown: -21.91 % Date: 6/30/2008 Drawdown: -13.76 % Date: 5/31/2008 Drawdown: -19.12 % Date: 4/30/2008 Drawdown: -24.72 % Date: 3/31/2008 Drawdown: -20.39 % Date: 2/29/2008 Drawdown: -13.05 % Date: 1/31/2008 Drawdown: -21.78 % Date: 12/31/2007 Drawdown: -26.75 % Date: 11/30/2007 Drawdown: -24.26 % Date: 10/31/2007 Drawdown: -26.83 % Date: 9/30/2007 Drawdown: -26.33 % Date: 8/31/2007 Drawdown: -28.43 % Date: 7/31/2007 Drawdown: -24.42 % Date: 6/30/2007 Drawdown: -19.93 % Date: 5/31/2007 Drawdown: -25.72 % Date: 4/30/2007 Drawdown: -28.15 % Date: 3/31/2007 Drawdown: -30.39 % Date: 2/28/2007 Drawdown: -30.44 % Date: 1/31/2007 Drawdown: -27.91 % Date: 12/31/2006 Drawdown: -30.24 % Date: 11/30/2006 Drawdown: -32.52 % Date: 10/31/2006 Drawdown: -27.94 % Date: 9/30/2006 Drawdown: -24.58 % Date: 8/31/2006 Drawdown: -25.26 % Date: 7/31/2006 Drawdown: -24.34 % Date: 6/30/2006 Drawdown: -19.13 % Date: 5/31/2006 Drawdown: -18.08 % Date: 4/30/2006 Drawdown: -16.28 % Date: 3/31/2006 Drawdown: -18.23 % Date: 2/28/2006 Drawdown: -18.53 % Date: 1/31/2006 Drawdown: -17.96 % Date: 12/31/2005 Drawdown: -17.54 % Date: 11/30/2005 Drawdown: -15.18 % Date: 10/31/2005 Drawdown: -21.36 % Date: 9/30/2005 Drawdown: -22.10 % Date: 8/31/2005 Drawdown: -22.98 % Date: 7/31/2005 Drawdown: -24.37 % Date: 6/30/2005 Drawdown: -23.87 % Date: 5/31/2005 Drawdown: -21.98 % Date: 4/30/2005 Drawdown: -18.72 % Date: 3/31/2005 Drawdown: -13.93 % Date: 2/28/2005 Drawdown: -14.16 % Date: 1/31/2005 Drawdown: -10.05 % Date: 12/31/2004 Drawdown: -7.90 % Date: 11/30/2004 Drawdown: -7.56 % Date: 10/31/2004 Drawdown: -13.77 % Date: 9/30/2004 Drawdown: -12.79 % Date: 8/31/2004 Drawdown: -19.08 % Date: 7/31/2004 Drawdown: -14.05 % Date: 6/30/2004 Drawdown: -13.67 % Date: 5/31/2004 Drawdown: -12.61 % Date: 4/30/2004 Drawdown: -6.97 % Date: 3/31/2004 Drawdown: 0.00 % 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: -1.03 % Date: 10/31/2003 Drawdown: 0.00 % Date: 9/30/2003 Drawdown: -9.13 % Date: 8/31/2003 Drawdown: -12.77 % Date: 7/31/2003 Drawdown: -12.00 % Date: 6/30/2003 Drawdown: -7.94 % Date: 5/31/2003 Drawdown: -1.70 % Date: 4/30/2003 Drawdown: -10.16 % Date: 3/31/2003 Drawdown: -6.32 % Date: 2/28/2003 Drawdown: 0.00 % Date: 1/31/2003 Drawdown: 0.00 % Date: 12/31/2002 Drawdown: -6.15 % Date: 11/30/2002 Drawdown: -14.83 % Date: 10/31/2002 Drawdown: -9.42 % Date: 9/30/2002 Drawdown: 0.00 % Date: 8/31/2002 Drawdown: 0.00 % Date: 7/31/2002 Drawdown: -1.29 % Date: 6/30/2002 Drawdown: -5.83 % Date: 5/31/2002 Drawdown: -15.63 % Date: 4/30/2002 Drawdown: -11.07 % Date: 3/31/2002 Drawdown: -7.67 % Date: 2/28/2002 Drawdown: -5.74 % Date: 1/31/2002 Drawdown: -4.48 % Date: 12/31/2001 Drawdown: -4.97 % Date: 11/30/2001 Drawdown: -9.34 % Date: 10/31/2001 Drawdown: 0.00 % Date: 9/30/2001 Drawdown: 0.00 % Date: 8/31/2001 Drawdown: -1.70 % Date: 7/31/2001 Drawdown: -3.66 % Date: 6/30/2001 Drawdown: 0.00 % Date: 5/31/2001 Drawdown: -1.88 % Date: 4/30/2001 Drawdown: -4.19 % Date: 3/31/2001 Drawdown: 0.00 % Date: 2/28/2001 Drawdown: -1.68 % Date: 1/31/2001 Drawdown: -6.31 % Date: 12/31/2000 Drawdown: -0.12 % Date: 11/30/2000 Drawdown: 0.00 % Date: 10/31/2000 Drawdown: 0.00 % Date: 9/30/2000 Drawdown: -1.70 % Date: 8/31/2000 Drawdown: 0.00 % Date: 7/31/2000 Drawdown: -2.99 % Date: 6/30/2000 Drawdown: -4.41 % Date: 5/31/2000 Drawdown: 0.00 % Date: 4/30/2000 Drawdown: 0.00 % Date: 3/31/2000 Drawdown: -6.76 % Date: 2/29/2000 Drawdown: -5.25 % Date: 1/31/2000 Drawdown: -5.58 % Date: 12/31/1999 Drawdown: 0.00 % Date: 11/30/1999 Drawdown: -2.23 % Date: 10/31/1999 Drawdown: -7.06 % Date: 9/30/1999 Drawdown: -5.89 % Date: 8/31/1999 Drawdown: -2.39 % Date: 7/31/1999 Drawdown: -10.07 % Date: 6/30/1999 Drawdown: -5.90 % Date: 5/31/1999 Drawdown: -5.56 % Date: 4/30/1999 Drawdown: 0.00 % Date: 3/31/1999 Drawdown: -2.82 % Date: 2/28/1999 Drawdown: 0.00 % Date: 1/31/1999 Drawdown: -1.48 % Date: 12/31/1998 Drawdown: -1.54 % Date: 11/30/1998 Drawdown: -3.90 % Date: 10/31/1998 Drawdown: -7.82 % Date: 9/30/1998 Drawdown: -5.22 % Date: 8/31/1998 Drawdown: 0.00 % Date: 7/31/1998 Drawdown: -1.38 % Date: 6/30/1998 Drawdown: 0.00 % Date: 5/31/1998 Drawdown: 0.00 % Date: 4/30/1998 Drawdown: -5.46 % Date: 3/31/1998 Drawdown: 0.00 % Date: 2/28/1998 Drawdown: 0.00 % Date: 1/31/1998 Drawdown: 0.00 % Date: 12/31/1997 Drawdown: 0.00 % Date: 11/30/1997 Drawdown: 0.00 % Date: 10/31/1997 Drawdown: -13.12 % Date: 9/30/1997 Drawdown: -4.16 % Date: 8/31/1997 Drawdown: -2.12 % Date: 7/31/1997 Drawdown: 0.00 % Date: 6/30/1997 Drawdown: 0.00 % Date: 5/31/1997 Drawdown: -4.57 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Manager Information

Manager Name:  Drury Capital, Inc.
Address: c/o Drury Capital Services 47 Hulfish Street, Suite 340
City: Princeton
State: NJ
Zip: 08542
Country: USA

Key People

Name:  Bernard V. Drury
Position:  Principal
Biography: 

Mr. Drury is the developer of the trading methodology for Drury Capital. He has been an active participant in the futures markets since 1978. Before developing the trend-following methodology of the Diversified Trend-Following Program, Mr. Drury worked for years as an analyst and trader in the grain markets and worked for Goldman Sachs Princeton from September 1997 to March 1999. Since September 1978, Mr. Drury had been a fundamentally-oriented grain trader who initially undertook trendfollowing research in order to enhance his grain trading skills. The favorable research results le d to the establishment of the Diversified Trend-Following Program, a stand-alone technical trend-following system. Mr. Drury received a B.A. in Russian, cum laude, from Dartmouth College in 1978 and an M.B.A. from the University of Chicago in 1993.

Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Investment Methodology
 Technical Yes 
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $10,000,000 
 Margin / Equity Ratio: 15% 
 Managed Account Availability: Open 
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