Metori Capital Management

Metori Epsilon Global Trend Program *QEP*

Monthly Performance (%)

Date Range: 07/11 - 01/23
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2023 0.94 3.49   4.46 
2022 -1.37 0.05 4.96 3.76 -0.89 2.15 -1.55 5.26 5.41 -0.93 -2.52 -0.75  13.92 
2021 -0.31 -0.09 0.21 -1.21 2.06 -1.71 -2.29 -0.71 -0.92 2.04 -2.84 1.62  -4.21 
2020 3.34 0.82 3.14 -0.24 -0.08 -0.74 0.83 1.11 -0.63 -0.73 1.03 2.52  10.75 
2019 -0.55 0.40 6.03 2.73 0.50 4.83 2.54 2.98 -1.00 -2.64 1.48 -1.26  16.86 
2018 5.29 -3.26 -0.26 -0.74 0.30 0.05 -0.22 0.03 -1.42 -2.34 -1.19 -2.45  -6.27 
2017 0.43 5.09 -1.54 0.04 1.75 -4.10 4.72 0.33 -2.80 2.31 3.42 2.26  12.09 
2016 5.02 0.74 -2.14 -1.85 -0.56 3.77 1.10 -1.01 -0.24 -2.93 -2.83 1.10  -0.17 
2015 7.41 0.82 1.75 -3.09 1.25 -3.31 2.30 -2.78 2.44 0.13 0.89 -2.70  4.69 
2014 2.01 -2.13 -2.95 1.99 0.16 2.59 1.66 4.82 -0.98 1.51 4.98 2.93  17.52 
2013 3.99 -0.10 4.00 4.39 -2.00 -5.04 1.58 -3.61 -0.59 1.77 8.47 2.66  15.78 
2012 -0.61 -2.35 0.54 0.10 1.63 -5.55 2.24 -4.12 -6.05 -3.55 0.94 2.31  -13.99 
2011 -1.25 -2.31 -5.82 1.57 3.19  -4.78 

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 Epsilon program (“Epsilon”) was launched in 1994 by SociétéGénérale. Theinvestmentmodelwasredesignedin2012byGuillaumeJamet while at Lyxor. It was eventually transferred to METORI in 2017.METORI implements several versions of Epsilon, with the EpsilonGlobal Trend program (“Epsilon GT”) being the largest. Epsilon GT isimplemented in Lyxor Epsilon Global Trend Fund, a UCITS fund (notoffered to US investors) on the Lyxor platform.Epsilon is a holistic, statistical approach to trend-following.Trend estimators are computed using a multi-variate statisticalprocess, which analyses each futures contract in relation to globalmarket factors rather than in isolation. The program combinesmedium-to-long-term trend estimators with short-term volatility andcorrelation estimators, which helps to quickly adapt to prevailingmarket regimes. Portfolio construction relies on a proprietarymean-variance model, designed to optimize expected returns vs. riskwhile limiting turnover

Performance Statistics

Date Range: 07/11 - 01/23
  Program S&P 500 Coquest 40 
Total Return 74.41% 288.10% 36.29% 
Annualized Return 4.96% 12.42% 2.71% 
Annualized Std. Deviation 9.40% 14.72% 8.24% 
Correlation -0.02 0.74 
Sharpe Ratio (rf=2.5%) 0.26 0.67 0.03 
Worst Month -6.05% -12.35% -6.10% 
Date of Worst Month 09/2012 03/2020 02/2018 
Worst Drawdown -20.69% -23.86% -13.63% 
Date of Worst Drawdown 7/11 - 10/12 12/21 - 9/22 3/15 - 1/19 

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: 07/11 - 01/23
Year or YTD Program S&P 500 Coquest 40 
2023 4.46 3.69 -1.11 
2022 13.92 -18.10 17.65 
2021 -4.21 28.72 6.26 
2020 10.75 18.40 0.97 
2019 16.86 31.50 7.53 
2018 -6.27 -4.38 -4.29 
2017 12.09 21.84 1.24 
2016 -0.17 11.98 -3.13 
2015 4.69 1.41 0.09 
2014 17.52 13.69 15.75 
2013 15.78 32.41 -2.45 
2012 -13.99 15.98 -4.75 
2011 -4.78 -1.69 -3.00 

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: 07/11 - 01/23
Date: 1/31/2023 Perf: $1,315.67 Date: 12/31/2022 Perf: $1,330.44 Date: 11/30/2022 Perf: $1,339.01 Date: 10/31/2022 Perf: $1,413.50 Date: 9/30/2022 Perf: $1,403.54 Date: 8/31/2022 Perf: $1,346.19 Date: 7/31/2022 Perf: $1,309.27 Date: 6/30/2022 Perf: $1,340.09 Date: 5/31/2022 Perf: $1,323.42 Date: 4/30/2022 Perf: $1,329.67 Date: 3/31/2022 Perf: $1,260.94 Date: 2/28/2022 Perf: $1,177.46 Date: 1/31/2022 Perf: $1,152.00 Date: 12/31/2021 Perf: $1,130.86 Date: 11/30/2021 Perf: $1,129.73 Date: 10/31/2021 Perf: $1,158.46 Date: 9/30/2021 Perf: $1,135.85 Date: 8/31/2021 Perf: $1,130.20 Date: 7/31/2021 Perf: $1,129.98 Date: 6/30/2021 Perf: $1,125.03 Date: 5/31/2021 Perf: $1,129.32 Date: 4/30/2021 Perf: $1,113.07 Date: 3/31/2021 Perf: $1,093.82 Date: 2/28/2021 Perf: $1,079.35 Date: 1/31/2021 Perf: $1,054.57 Date: 12/31/2020 Perf: $1,064.25 Date: 11/30/2020 Perf: $1,025.59 Date: 10/31/2020 Perf: $1,016.64 Date: 9/30/2020 Perf: $1,019.91 Date: 8/31/2020 Perf: $1,035.02 Date: 7/31/2020 Perf: $1,046.85 Date: 6/30/2020 Perf: $1,027.23 Date: 5/31/2020 Perf: $1,040.55 Date: 4/30/2020 Perf: $1,052.86 Date: 3/31/2020 Perf: $1,049.40 Date: 2/29/2020 Perf: $1,048.77 Date: 1/31/2020 Perf: $1,064.64 Date: 12/31/2019 Perf: $1,053.99 Date: 11/30/2019 Perf: $1,060.57 Date: 10/31/2019 Perf: $1,050.27 Date: 9/30/2019 Perf: $1,074.01 Date: 8/31/2019 Perf: $1,104.61 Date: 7/31/2019 Perf: $1,066.02 Date: 6/30/2019 Perf: $1,030.86 Date: 5/31/2019 Perf: $1,010.65 Date: 4/30/2019 Perf: $1,030.86 Date: 3/31/2019 Perf: $1,003.27 Date: 2/28/2019 Perf: $968.50 Date: 1/31/2019 Perf: $962.34 Date: 12/31/2018 Perf: $980.18 Date: 11/30/2018 Perf: $976.08 Date: 10/31/2018 Perf: $987.93 Date: 9/30/2018 Perf: $1,012.95 Date: 8/31/2018 Perf: $1,017.53 Date: 7/31/2018 Perf: $992.23 Date: 6/30/2018 Perf: $999.73 Date: 5/31/2018 Perf: $991.40 Date: 4/30/2018 Perf: $1,004.36 Date: 3/31/2018 Perf: $993.63 Date: 2/28/2018 Perf: $994.52 Date: 1/31/2018 Perf: $1,059.13 Date: 12/31/2017 Perf: $1,024.10 Date: 11/30/2017 Perf: $1,013.06 Date: 10/31/2017 Perf: $1,011.75 Date: 9/30/2017 Perf: $971.06 Date: 8/31/2017 Perf: $991.99 Date: 7/31/2017 Perf: $975.79 Date: 6/30/2017 Perf: $972.00 Date: 5/31/2017 Perf: $1,001.24 Date: 4/30/2017 Perf: $999.34 Date: 3/31/2017 Perf: $1,005.37 Date: 2/28/2017 Perf: $1,020.27 Date: 1/31/2017 Perf: $998.50 Date: 12/31/2016 Perf: $1,011.55 Date: 11/30/2016 Perf: $1,003.92 Date: 10/31/2016 Perf: $1,015.08 Date: 9/30/2016 Perf: $1,041.97 Date: 8/31/2016 Perf: $1,055.58 Date: 7/31/2016 Perf: $1,084.76 Date: 6/30/2016 Perf: $1,073.81 Date: 5/31/2016 Perf: $1,030.03 Date: 4/30/2016 Perf: $1,048.38 Date: 3/31/2016 Perf: $1,075.37 Date: 2/29/2016 Perf: $1,107.15 Date: 1/31/2016 Perf: $1,080.57 Date: 12/31/2015 Perf: $1,044.23 Date: 11/30/2015 Perf: $1,068.81 Date: 10/31/2015 Perf: $1,033.56 Date: 9/30/2015 Perf: $1,051.87 Date: 8/31/2015 Perf: $1,029.53 Date: 7/31/2015 Perf: $1,047.65 Date: 6/30/2015 Perf: $1,008.23 Date: 5/31/2015 Perf: $1,063.53 Date: 4/30/2015 Perf: $1,071.25 Date: 3/31/2015 Perf: $1,114.26 Date: 2/28/2015 Perf: $1,090.16 Date: 1/31/2015 Perf: $1,091.91 Date: 12/31/2014 Perf: $1,043.29 Date: 11/30/2014 Perf: $1,025.25 Date: 10/31/2014 Perf: $967.67 Date: 9/30/2014 Perf: $953.65 Date: 8/31/2014 Perf: $939.65 Date: 7/31/2014 Perf: $901.52 Date: 6/30/2014 Perf: $908.79 Date: 5/31/2014 Perf: $901.04 Date: 4/30/2014 Perf: $878.55 Date: 3/31/2014 Perf: $871.92 Date: 2/28/2014 Perf: $885.02 Date: 1/31/2014 Perf: $877.82 Date: 12/31/2013 Perf: $901.35 Date: 11/30/2013 Perf: $902.61 Date: 10/31/2013 Perf: $886.56 Date: 9/30/2013 Perf: $866.72 Date: 8/31/2013 Perf: $871.95 Date: 7/31/2013 Perf: $889.02 Date: 6/30/2013 Perf: $896.82 Date: 5/31/2013 Perf: $932.15 Date: 4/30/2013 Perf: $974.03 Date: 3/31/2013 Perf: $949.53 Date: 2/28/2013 Perf: $936.05 Date: 1/31/2013 Perf: $941.51 Date: 12/31/2012 Perf: $923.96 Date: 11/30/2012 Perf: $919.45 Date: 10/31/2012 Perf: $916.89 Date: 9/30/2012 Perf: $951.33 Date: 8/31/2012 Perf: $967.29 Date: 7/31/2012 Perf: $980.62 Date: 6/30/2012 Perf: $942.09 Date: 5/31/2012 Perf: $978.90 Date: 4/30/2012 Perf: $960.64 Date: 3/31/2012 Perf: $954.91 Date: 2/29/2012 Perf: $977.10 Date: 1/31/2012 Perf: $973.11 Date: 12/31/2011 Perf: $970.00 Date: 11/30/2011 Perf: $960.78 Date: 10/31/2011 Perf: $957.90 Date: 9/30/2011 Perf: $997.40 Date: 8/31/2011 Perf: $998.00 Date: 7/31/2011 Perf: $1,000.00 Date: 2/28/2023 Perf: $3,864.72 Date: 1/31/2023 Perf: $3,961.37 Date: 12/31/2022 Perf: $3,727.30 Date: 11/30/2022 Perf: $3,955.11 Date: 10/31/2022 Perf: $3,745.73 Date: 9/30/2022 Perf: $3,465.06 Date: 8/31/2022 Perf: $3,816.56 Date: 7/31/2022 Perf: $3,978.90 Date: 6/30/2022 Perf: $3,643.02 Date: 5/31/2022 Perf: $3,970.59 Date: 4/30/2022 Perf: $3,963.45 Date: 3/31/2022 Perf: $4,342.08 Date: 2/28/2022 Perf: $4,186.76 Date: 1/31/2022 Perf: $4,315.80 Date: 12/31/2021 Perf: $4,551.09 Date: 11/30/2021 Perf: $4,355.94 Date: 10/31/2021 Perf: $4,386.21 Date: 9/30/2021 Perf: $4,098.88 Date: 8/31/2021 Perf: $4,298.77 Date: 7/31/2021 Perf: $4,171.94 Date: 6/30/2021 Perf: $4,074.96 Date: 5/31/2021 Perf: $3,982.17 Date: 4/30/2021 Perf: $3,954.49 Date: 3/31/2021 Perf: $3,754.03 Date: 2/28/2021 Perf: $3,596.50 Date: 1/31/2021 Perf: $3,499.90 Date: 12/31/2020 Perf: $3,535.61 Date: 11/30/2020 Perf: $3,404.87 Date: 10/31/2020 Perf: $3,068.83 Date: 9/30/2020 Perf: $3,152.69 Date: 8/31/2020 Perf: $3,277.23 Date: 7/31/2020 Perf: $3,057.40 Date: 6/30/2020 Perf: $2,894.17 Date: 5/31/2020 Perf: $2,837.70 Date: 4/30/2020 Perf: $2,708.76 Date: 3/31/2020 Perf: $2,400.96 Date: 2/29/2020 Perf: $2,739.26 Date: 1/31/2020 Perf: $2,984.91 Date: 12/31/2019 Perf: $2,986.11 Date: 11/30/2019 Perf: $2,898.57 Date: 10/31/2019 Perf: $2,797.04 Date: 9/30/2019 Perf: $2,737.63 Date: 8/31/2019 Perf: $2,687.38 Date: 7/31/2019 Perf: $2,730.52 Date: 6/30/2019 Perf: $2,691.76 Date: 5/31/2019 Perf: $2,514.49 Date: 4/30/2019 Perf: $2,684.98 Date: 3/31/2019 Perf: $2,580.48 Date: 2/28/2019 Perf: $2,531.37 Date: 1/31/2019 Perf: $2,452.64 Date: 12/31/2018 Perf: $2,270.75 Date: 11/30/2018 Perf: $2,496.15 Date: 10/31/2018 Perf: $2,446.25 Date: 9/30/2018 Perf: $2,625.86 Date: 8/31/2018 Perf: $2,610.98 Date: 7/31/2018 Perf: $2,528.54 Date: 6/30/2018 Perf: $2,437.86 Date: 5/31/2018 Perf: $2,422.84 Date: 4/30/2018 Perf: $2,365.82 Date: 3/31/2018 Perf: $2,356.86 Date: 2/28/2018 Perf: $2,418.29 Date: 1/31/2018 Perf: $2,510.94 Date: 12/31/2017 Perf: $2,374.86 Date: 11/30/2017 Perf: $2,348.79 Date: 10/31/2017 Perf: $2,278.83 Date: 9/30/2017 Perf: $2,226.94 Date: 8/31/2017 Perf: $2,181.99 Date: 7/31/2017 Perf: $2,175.25 Date: 6/30/2017 Perf: $2,131.34 Date: 5/31/2017 Perf: $2,118.21 Date: 4/30/2017 Perf: $2,088.76 Date: 3/31/2017 Perf: $2,067.46 Date: 2/28/2017 Perf: $2,064.99 Date: 1/31/2017 Perf: $1,986.14 Date: 12/31/2016 Perf: $1,949.10 Date: 11/30/2016 Perf: $1,911.26 Date: 10/31/2016 Perf: $1,843.07 Date: 9/30/2016 Perf: $1,877.23 Date: 8/31/2016 Perf: $1,876.86 Date: 7/31/2016 Perf: $1,874.23 Date: 6/30/2016 Perf: $1,807.54 Date: 5/31/2016 Perf: $1,802.85 Date: 4/30/2016 Perf: $1,770.97 Date: 3/31/2016 Perf: $1,764.09 Date: 2/29/2016 Perf: $1,652.08 Date: 1/31/2016 Perf: $1,654.23 Date: 12/31/2015 Perf: $1,740.56 Date: 11/30/2015 Perf: $1,768.50 Date: 10/31/2015 Perf: $1,763.22 Date: 9/30/2015 Perf: $1,625.98 Date: 8/31/2015 Perf: $1,667.16 Date: 7/31/2015 Perf: $1,774.14 Date: 6/30/2015 Perf: $1,737.65 Date: 5/31/2015 Perf: $1,772.03 Date: 4/30/2015 Perf: $1,749.46 Date: 3/31/2015 Perf: $1,732.83 Date: 2/28/2015 Perf: $1,760.64 Date: 1/31/2015 Perf: $1,664.91 Date: 12/31/2014 Perf: $1,716.40 Date: 11/30/2014 Perf: $1,720.71 Date: 10/31/2014 Perf: $1,675.63 Date: 9/30/2014 Perf: $1,635.72 Date: 8/31/2014 Perf: $1,658.94 Date: 7/31/2014 Perf: $1,595.14 Date: 6/30/2014 Perf: $1,617.46 Date: 5/31/2014 Perf: $1,584.66 Date: 4/30/2014 Perf: $1,548.27 Date: 3/31/2014 Perf: $1,536.90 Date: 2/28/2014 Perf: $1,524.10 Date: 1/31/2014 Perf: $1,457.49 Date: 12/31/2013 Perf: $1,509.73 Date: 11/30/2013 Perf: $1,472.47 Date: 10/31/2013 Perf: $1,428.89 Date: 9/30/2013 Perf: $1,366.05 Date: 8/31/2013 Perf: $1,324.47 Date: 7/31/2013 Perf: $1,364.02 Date: 6/30/2013 Perf: $1,297.96 Date: 5/31/2013 Perf: $1,315.58 Date: 4/30/2013 Perf: $1,285.50 Date: 3/31/2013 Perf: $1,261.16 Date: 2/28/2013 Perf: $1,215.58 Date: 1/31/2013 Perf: $1,199.27 Date: 12/31/2012 Perf: $1,140.21 Date: 11/30/2012 Perf: $1,129.92 Date: 10/31/2012 Perf: $1,123.41 Date: 9/30/2012 Perf: $1,144.58 Date: 8/31/2012 Perf: $1,115.80 Date: 7/31/2012 Perf: $1,091.24 Date: 6/30/2012 Perf: $1,076.28 Date: 5/31/2012 Perf: $1,033.69 Date: 4/30/2012 Perf: $1,099.79 Date: 3/31/2012 Perf: $1,106.76 Date: 2/29/2012 Perf: $1,071.51 Date: 1/31/2012 Perf: $1,027.14 Date: 12/31/2011 Perf: $983.10 Date: 11/30/2011 Perf: $973.17 Date: 10/31/2011 Perf: $975.32 Date: 9/30/2011 Perf: $879.22 Date: 8/31/2011 Perf: $945.70 Date: 7/31/2011 Perf: $1,000.00 Date: 2/28/2023 Perf: $1,805.01 Date: 1/31/2023 Perf: $1,744.14 Date: 12/31/2022 Perf: $1,727.89 Date: 11/30/2022 Perf: $1,740.95 Date: 10/31/2022 Perf: $1,785.96 Date: 9/30/2022 Perf: $1,802.72 Date: 8/31/2022 Perf: $1,710.20 Date: 7/31/2022 Perf: $1,624.74 Date: 6/30/2022 Perf: $1,650.32 Date: 5/31/2022 Perf: $1,615.59 Date: 4/30/2022 Perf: $1,630.09 Date: 3/31/2022 Perf: $1,571.02 Date: 2/28/2022 Perf: $1,496.78 Date: 1/31/2022 Perf: $1,496.03 Date: 12/31/2021 Perf: $1,516.81 Date: 11/30/2021 Perf: $1,492.63 Date: 10/31/2021 Perf: $1,536.26 Date: 9/30/2021 Perf: $1,505.55 Date: 8/31/2021 Perf: $1,519.53 Date: 7/31/2021 Perf: $1,530.40 Date: 6/30/2021 Perf: $1,566.26 Date: 5/31/2021 Perf: $1,593.51 Date: 4/30/2021 Perf: $1,561.35 Date: 3/31/2021 Perf: $1,580.47 Date: 2/28/2021 Perf: $1,577.16 Date: 1/31/2021 Perf: $1,578.58 Date: 12/31/2020 Perf: $1,583.49 Date: 11/30/2020 Perf: $1,544.57 Date: 10/31/2020 Perf: $1,528.82 Date: 9/30/2020 Perf: $1,540.06 Date: 8/31/2020 Perf: $1,549.83 Date: 7/31/2020 Perf: $1,532.81 Date: 6/30/2020 Perf: $1,520.19 Date: 5/31/2020 Perf: $1,531.53 Date: 4/30/2020 Perf: $1,532.75 Date: 3/31/2020 Perf: $1,536.44 Date: 2/29/2020 Perf: $1,489.67 Date: 1/31/2020 Perf: $1,477.55 Date: 12/31/2019 Perf: $1,429.79 Date: 11/30/2019 Perf: $1,448.04 Date: 10/31/2019 Perf: $1,426.92 Date: 9/30/2019 Perf: $1,465.61 Date: 8/31/2019 Perf: $1,480.42 Date: 7/31/2019 Perf: $1,437.58 Date: 6/30/2019 Perf: $1,401.97 Date: 5/31/2019 Perf: $1,337.37 Date: 4/30/2019 Perf: $1,330.72 Date: 3/31/2019 Perf: $1,295.36 Date: 2/28/2019 Perf: $1,221.69 Date: 1/31/2019 Perf: $1,216.82 Date: 12/31/2018 Perf: $1,223.55 Date: 11/30/2018 Perf: $1,254.28 Date: 10/31/2018 Perf: $1,269.39 Date: 9/30/2018 Perf: $1,299.80 Date: 8/31/2018 Perf: $1,318.52 Date: 7/31/2018 Perf: $1,318.13 Date: 6/30/2018 Perf: $1,321.04 Date: 5/31/2018 Perf: $1,320.38 Date: 4/30/2018 Perf: $1,316.43 Date: 3/31/2018 Perf: $1,326.24 Date: 2/28/2018 Perf: $1,329.70 Date: 1/31/2018 Perf: $1,374.51 Date: 12/31/2017 Perf: $1,305.45 Date: 11/30/2017 Perf: $1,276.60 Date: 10/31/2017 Perf: $1,234.38 Date: 9/30/2017 Perf: $1,206.51 Date: 8/31/2017 Perf: $1,241.27 Date: 7/31/2017 Perf: $1,237.18 Date: 6/30/2017 Perf: $1,181.42 Date: 5/31/2017 Perf: $1,231.93 Date: 4/30/2017 Perf: $1,210.74 Date: 3/31/2017 Perf: $1,210.26 Date: 2/28/2017 Perf: $1,229.19 Date: 1/31/2017 Perf: $1,169.65 Date: 12/31/2016 Perf: $1,164.64 Date: 11/30/2016 Perf: $1,151.97 Date: 10/31/2016 Perf: $1,185.52 Date: 9/30/2016 Perf: $1,221.31 Date: 8/31/2016 Perf: $1,224.24 Date: 7/31/2016 Perf: $1,236.74 Date: 6/30/2016 Perf: $1,223.28 Date: 5/31/2016 Perf: $1,178.84 Date: 4/30/2016 Perf: $1,185.48 Date: 3/31/2016 Perf: $1,207.82 Date: 2/29/2016 Perf: $1,234.23 Date: 1/31/2016 Perf: $1,225.17 Date: 12/31/2015 Perf: $1,166.60 Date: 11/30/2015 Perf: $1,198.98 Date: 10/31/2015 Perf: $1,188.40 Date: 9/30/2015 Perf: $1,186.86 Date: 8/31/2015 Perf: $1,158.59 Date: 7/31/2015 Perf: $1,191.72 Date: 6/30/2015 Perf: $1,164.92 Date: 5/31/2015 Perf: $1,204.80 Date: 4/30/2015 Perf: $1,189.93 Date: 3/31/2015 Perf: $1,227.87 Date: 2/28/2015 Perf: $1,206.75 Date: 1/31/2015 Perf: $1,196.94 Date: 12/31/2014 Perf: $1,114.36 Date: 11/30/2014 Perf: $1,082.64 Date: 10/31/2014 Perf: $1,031.28 Date: 9/30/2014 Perf: $1,015.94 Date: 8/31/2014 Perf: $1,026.00 Date: 7/31/2014 Perf: $978.82 Date: 6/30/2014 Perf: $962.83 Date: 5/31/2014 Perf: $938.53 Date: 4/30/2014 Perf: $937.03 Date: 3/31/2014 Perf: $918.74 Date: 2/28/2014 Perf: $946.67 Date: 1/31/2014 Perf: $967.27 Date: 12/31/2013 Perf: $948.22 Date: 11/30/2013 Perf: $923.65 Date: 10/31/2013 Perf: $851.52 Date: 9/30/2013 Perf: $836.71 Date: 8/31/2013 Perf: $841.68 Date: 7/31/2013 Perf: $873.20 Date: 6/30/2013 Perf: $859.62 Date: 5/31/2013 Perf: $905.24 Date: 4/30/2013 Perf: $923.72 Date: 3/31/2013 Perf: $884.87 Date: 2/28/2013 Perf: $850.84 Date: 1/31/2013 Perf: $851.69 Date: 12/31/2012 Perf: $819.01 Date: 11/30/2012 Perf: $800.52 Date: 10/31/2012 Perf: $793.06 Date: 9/30/2012 Perf: $822.25 Date: 8/31/2012 Perf: $875.20 Date: 7/31/2012 Perf: $912.81 Date: 6/30/2012 Perf: $892.81 Date: 5/31/2012 Perf: $945.28 Date: 4/30/2012 Perf: $930.12 Date: 3/31/2012 Perf: $929.19 Date: 2/29/2012 Perf: $924.20 Date: 1/31/2012 Perf: $946.44 Date: 12/31/2011 Perf: $952.25 Date: 11/30/2011 Perf: $922.81 Date: 10/31/2011 Perf: $908.54 Date: 9/30/2011 Perf: $964.69 Date: 8/31/2011 Perf: $987.50 Date: 7/31/2011 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: 07/11 - 01/23
Date: 2/28/2023 Return: 3.49 % Date: 1/31/2023 Return: 0.94 % Date: 12/31/2022 Return: -0.75 % Date: 11/30/2022 Return: -2.52 % Date: 10/31/2022 Return: -0.93 % Date: 9/30/2022 Return: 5.41 % Date: 8/31/2022 Return: 5.26 % Date: 7/31/2022 Return: -1.55 % Date: 6/30/2022 Return: 2.15 % Date: 5/31/2022 Return: -0.89 % Date: 4/30/2022 Return: 3.76 % Date: 3/31/2022 Return: 4.96 % Date: 2/28/2022 Return: 0.05 % Date: 1/31/2022 Return: -1.37 % Date: 12/31/2021 Return: 1.62 % Date: 11/30/2021 Return: -2.84 % Date: 10/31/2021 Return: 2.04 % Date: 9/30/2021 Return: -0.92 % Date: 8/31/2021 Return: -0.71 % Date: 7/31/2021 Return: -2.29 % Date: 6/30/2021 Return: -1.71 % Date: 5/31/2021 Return: 2.06 % Date: 4/30/2021 Return: -1.21 % Date: 3/31/2021 Return: 0.21 % Date: 2/28/2021 Return: -0.09 % Date: 1/31/2021 Return: -0.31 % Date: 12/31/2020 Return: 2.52 % Date: 11/30/2020 Return: 1.03 % Date: 10/31/2020 Return: -0.73 % Date: 9/30/2020 Return: -0.63 % Date: 8/31/2020 Return: 1.11 % Date: 7/31/2020 Return: 0.83 % Date: 6/30/2020 Return: -0.74 % Date: 5/31/2020 Return: -0.08 % Date: 4/30/2020 Return: -0.24 % Date: 3/31/2020 Return: 3.14 % Date: 2/29/2020 Return: 0.82 % Date: 1/31/2020 Return: 3.34 % Date: 12/31/2019 Return: -1.26 % Date: 11/30/2019 Return: 1.48 % Date: 10/31/2019 Return: -2.64 % Date: 9/30/2019 Return: -1.00 % Date: 8/31/2019 Return: 2.98 % Date: 7/31/2019 Return: 2.54 % Date: 6/30/2019 Return: 4.83 % Date: 5/31/2019 Return: 0.50 % Date: 4/30/2019 Return: 2.73 % Date: 3/31/2019 Return: 6.03 % Date: 2/28/2019 Return: 0.40 % Date: 1/31/2019 Return: -0.55 % Date: 12/31/2018 Return: -2.45 % Date: 11/30/2018 Return: -1.19 % Date: 10/31/2018 Return: -2.34 % Date: 9/30/2018 Return: -1.42 % Date: 8/31/2018 Return: 0.03 % Date: 7/31/2018 Return: -0.22 % Date: 6/30/2018 Return: 0.05 % Date: 5/31/2018 Return: 0.30 % Date: 4/30/2018 Return: -0.74 % Date: 3/31/2018 Return: -0.26 % Date: 2/28/2018 Return: -3.26 % Date: 1/31/2018 Return: 5.29 % Date: 12/31/2017 Return: 2.26 % Date: 11/30/2017 Return: 3.42 % Date: 10/31/2017 Return: 2.31 % Date: 9/30/2017 Return: -2.80 % Date: 8/31/2017 Return: 0.33 % Date: 7/31/2017 Return: 4.72 % Date: 6/30/2017 Return: -4.10 % Date: 5/31/2017 Return: 1.75 % Date: 4/30/2017 Return: 0.04 % Date: 3/31/2017 Return: -1.54 % Date: 2/28/2017 Return: 5.09 % Date: 1/31/2017 Return: 0.43 % Date: 12/31/2016 Return: 1.10 % Date: 11/30/2016 Return: -2.83 % Date: 10/31/2016 Return: -2.93 % Date: 9/30/2016 Return: -0.24 % Date: 8/31/2016 Return: -1.01 % Date: 7/31/2016 Return: 1.10 % Date: 6/30/2016 Return: 3.77 % Date: 5/31/2016 Return: -0.56 % Date: 4/30/2016 Return: -1.85 % Date: 3/31/2016 Return: -2.14 % Date: 2/29/2016 Return: 0.74 % Date: 1/31/2016 Return: 5.02 % Date: 12/31/2015 Return: -2.70 % Date: 11/30/2015 Return: 0.89 % Date: 10/31/2015 Return: 0.13 % Date: 9/30/2015 Return: 2.44 % Date: 8/31/2015 Return: -2.78 % Date: 7/31/2015 Return: 2.30 % Date: 6/30/2015 Return: -3.31 % Date: 5/31/2015 Return: 1.25 % Date: 4/30/2015 Return: -3.09 % Date: 3/31/2015 Return: 1.75 % Date: 2/28/2015 Return: 0.82 % Date: 1/31/2015 Return: 7.41 % Date: 12/31/2014 Return: 2.93 % Date: 11/30/2014 Return: 4.98 % Date: 10/31/2014 Return: 1.51 % Date: 9/30/2014 Return: -0.98 % Date: 8/31/2014 Return: 4.82 % Date: 7/31/2014 Return: 1.66 % Date: 6/30/2014 Return: 2.59 % Date: 5/31/2014 Return: 0.16 % Date: 4/30/2014 Return: 1.99 % Date: 3/31/2014 Return: -2.95 % Date: 2/28/2014 Return: -2.13 % Date: 1/31/2014 Return: 2.01 % Date: 12/31/2013 Return: 2.66 % Date: 11/30/2013 Return: 8.47 % Date: 10/31/2013 Return: 1.77 % Date: 9/30/2013 Return: -0.59 % Date: 8/31/2013 Return: -3.61 % Date: 7/31/2013 Return: 1.58 % Date: 6/30/2013 Return: -5.04 % Date: 5/31/2013 Return: -2.00 % Date: 4/30/2013 Return: 4.39 % Date: 3/31/2013 Return: 4.00 % Date: 2/28/2013 Return: -0.10 % Date: 1/31/2013 Return: 3.99 % Date: 12/31/2012 Return: 2.31 % Date: 11/30/2012 Return: 0.94 % Date: 10/31/2012 Return: -3.55 % Date: 9/30/2012 Return: -6.05 % Date: 8/31/2012 Return: -4.12 % Date: 7/31/2012 Return: 2.24 % Date: 6/30/2012 Return: -5.55 % Date: 5/31/2012 Return: 1.63 % Date: 4/30/2012 Return: 0.10 % Date: 3/31/2012 Return: 0.54 % Date: 2/29/2012 Return: -2.35 % Date: 1/31/2012 Return: -0.61 % Date: 12/31/2011 Return: 3.19 % Date: 11/30/2011 Return: 1.57 % Date: 10/31/2011 Return: -5.82 % Date: 9/30/2011 Return: -2.31 % Date: 8/31/2011 Return: -1.25 % Date: 7/31/2011 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: 07/11 - 01/23
Return: 6.00 % Count: 1 Return: 7.00 % Count: 1 Return: 5.00 % Count: 10 Return: -3.00 % Count: 12 Return: 8.00 % Count: 1 Return: -5.00 % Count: 1 Return: 4.00 % Count: 5 Return: -4.00 % Count: 4 Return: 1.00 % Count: 15 Return: 3.00 % Count: 12 Return: 2.00 % Count: 20 Return: -6.00 % Count: 3 Return: -2.00 % Count: 12 Return: -1.00 % Count: 22 Return: 0.00 % Count: 21

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: 07/11 - 01/23
Date: 2/28/2023 Drawdown: 0.00 % Date: 1/31/2023 Drawdown: -3.25 % Date: 12/31/2022 Drawdown: -4.15 % Date: 11/30/2022 Drawdown: -3.43 % Date: 10/31/2022 Drawdown: -0.93 % Date: 9/30/2022 Drawdown: 0.00 % Date: 8/31/2022 Drawdown: 0.00 % Date: 7/31/2022 Drawdown: -1.55 % Date: 6/30/2022 Drawdown: 0.00 % Date: 5/31/2022 Drawdown: -0.89 % Date: 4/30/2022 Drawdown: 0.00 % Date: 3/31/2022 Drawdown: -1.41 % Date: 2/28/2022 Drawdown: -6.07 % Date: 1/31/2022 Drawdown: -6.12 % Date: 12/31/2021 Drawdown: -4.81 % Date: 11/30/2021 Drawdown: -6.33 % Date: 10/31/2021 Drawdown: -3.59 % Date: 9/30/2021 Drawdown: -5.52 % Date: 8/31/2021 Drawdown: -4.64 % Date: 7/31/2021 Drawdown: -3.96 % Date: 6/30/2021 Drawdown: -1.71 % Date: 5/31/2021 Drawdown: 0.00 % Date: 4/30/2021 Drawdown: -1.40 % Date: 3/31/2021 Drawdown: -0.19 % Date: 2/28/2021 Drawdown: -0.40 % Date: 1/31/2021 Drawdown: -0.31 % Date: 12/31/2020 Drawdown: 0.00 % Date: 11/30/2020 Drawdown: -0.34 % Date: 10/31/2020 Drawdown: -1.36 % Date: 9/30/2020 Drawdown: -0.63 % Date: 8/31/2020 Drawdown: 0.00 % Date: 7/31/2020 Drawdown: -0.24 % Date: 6/30/2020 Drawdown: -1.06 % Date: 5/31/2020 Drawdown: -0.32 % Date: 4/30/2020 Drawdown: -0.24 % Date: 3/31/2020 Drawdown: 0.00 % Date: 2/29/2020 Drawdown: 0.00 % Date: 1/31/2020 Drawdown: -0.19 % Date: 12/31/2019 Drawdown: -3.42 % Date: 11/30/2019 Drawdown: -2.19 % Date: 10/31/2019 Drawdown: -3.61 % Date: 9/30/2019 Drawdown: -1.00 % Date: 8/31/2019 Drawdown: 0.00 % Date: 7/31/2019 Drawdown: 0.00 % Date: 6/30/2019 Drawdown: 0.00 % Date: 5/31/2019 Drawdown: -2.70 % Date: 4/30/2019 Drawdown: -3.19 % Date: 3/31/2019 Drawdown: -5.76 % Date: 2/28/2019 Drawdown: -11.12 % Date: 1/31/2019 Drawdown: -11.47 % Date: 12/31/2018 Drawdown: -10.98 % Date: 11/30/2018 Drawdown: -8.75 % Date: 10/31/2018 Drawdown: -7.65 % Date: 9/30/2018 Drawdown: -5.44 % Date: 8/31/2018 Drawdown: -4.07 % Date: 7/31/2018 Drawdown: -4.10 % Date: 6/30/2018 Drawdown: -3.89 % Date: 5/31/2018 Drawdown: -3.94 % Date: 4/30/2018 Drawdown: -4.23 % Date: 3/31/2018 Drawdown: -3.51 % Date: 2/28/2018 Drawdown: -3.26 % Date: 1/31/2018 Drawdown: 0.00 % Date: 12/31/2017 Drawdown: 0.00 % Date: 11/30/2017 Drawdown: 0.00 % Date: 10/31/2017 Drawdown: -0.55 % Date: 9/30/2017 Drawdown: -2.80 % Date: 8/31/2017 Drawdown: 0.00 % Date: 7/31/2017 Drawdown: 0.00 % Date: 6/30/2017 Drawdown: -4.47 % Date: 5/31/2017 Drawdown: -0.39 % Date: 4/30/2017 Drawdown: -2.10 % Date: 3/31/2017 Drawdown: -2.14 % Date: 2/28/2017 Drawdown: -0.61 % Date: 1/31/2017 Drawdown: -5.42 % Date: 12/31/2016 Drawdown: -5.83 % Date: 11/30/2016 Drawdown: -6.85 % Date: 10/31/2016 Drawdown: -4.14 % Date: 9/30/2016 Drawdown: -1.25 % Date: 8/31/2016 Drawdown: -1.01 % Date: 7/31/2016 Drawdown: 0.00 % Date: 6/30/2016 Drawdown: -0.89 % Date: 5/31/2016 Drawdown: -4.49 % Date: 4/30/2016 Drawdown: -3.95 % Date: 3/31/2016 Drawdown: -2.14 % Date: 2/29/2016 Drawdown: 0.00 % Date: 1/31/2016 Drawdown: -0.22 % Date: 12/31/2015 Drawdown: -4.99 % Date: 11/30/2015 Drawdown: -2.35 % Date: 10/31/2015 Drawdown: -3.21 % Date: 9/30/2015 Drawdown: -3.34 % Date: 8/31/2015 Drawdown: -5.64 % Date: 7/31/2015 Drawdown: -2.94 % Date: 6/30/2015 Drawdown: -5.13 % Date: 5/31/2015 Drawdown: -1.88 % Date: 4/30/2015 Drawdown: -3.09 % Date: 3/31/2015 Drawdown: 0.00 % Date: 2/28/2015 Drawdown: 0.00 % Date: 1/31/2015 Drawdown: 0.00 % Date: 12/31/2014 Drawdown: 0.00 % Date: 11/30/2014 Drawdown: 0.00 % Date: 10/31/2014 Drawdown: 0.00 % Date: 9/30/2014 Drawdown: -0.98 % Date: 8/31/2014 Drawdown: 0.00 % Date: 7/31/2014 Drawdown: -2.12 % Date: 6/30/2014 Drawdown: -3.72 % Date: 5/31/2014 Drawdown: -6.15 % Date: 4/30/2014 Drawdown: -6.30 % Date: 3/31/2014 Drawdown: -8.13 % Date: 2/28/2014 Drawdown: -5.33 % Date: 1/31/2014 Drawdown: -3.27 % Date: 12/31/2013 Drawdown: -5.18 % Date: 11/30/2013 Drawdown: -7.64 % Date: 10/31/2013 Drawdown: -14.85 % Date: 9/30/2013 Drawdown: -16.33 % Date: 8/31/2013 Drawdown: -15.83 % Date: 7/31/2013 Drawdown: -12.68 % Date: 6/30/2013 Drawdown: -14.04 % Date: 5/31/2013 Drawdown: -9.48 % Date: 4/30/2013 Drawdown: -7.63 % Date: 3/31/2013 Drawdown: -11.51 % Date: 2/28/2013 Drawdown: -14.92 % Date: 1/31/2013 Drawdown: -14.83 % Date: 12/31/2012 Drawdown: -18.10 % Date: 11/30/2012 Drawdown: -19.95 % Date: 10/31/2012 Drawdown: -20.69 % Date: 9/30/2012 Drawdown: -17.77 % Date: 8/31/2012 Drawdown: -12.48 % Date: 7/31/2012 Drawdown: -8.72 % Date: 6/30/2012 Drawdown: -10.72 % Date: 5/31/2012 Drawdown: -5.47 % Date: 4/30/2012 Drawdown: -6.99 % Date: 3/31/2012 Drawdown: -7.08 % Date: 2/29/2012 Drawdown: -7.58 % Date: 1/31/2012 Drawdown: -5.36 % Date: 12/31/2011 Drawdown: -4.78 % Date: 11/30/2011 Drawdown: -7.72 % Date: 10/31/2011 Drawdown: -9.15 % Date: 9/30/2011 Drawdown: -3.53 % Date: 8/31/2011 Drawdown: -1.25 %

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:  Metori Capital Management
Address:
City:
State:
Zip:
Country:

Key People

Name:  Guillaume Jamet
Position:  Principal
Biography: 

Guillaume Jamet, PhD has been the principal manager of the Epsilon program since 2013 and joined METORI as partner andco-CIO. He has over 16 years of experience in the finance industry, as a quantitative analyst, researcher and fund manager forSGAM and Lyxor (Société Générale Group). He designed and implemented the latest generation model of Epsilon while atLyxor. Prior to joining the asset management industry, Guillaume worked 5 years teaching mathematics at University Paris VI.Guillaume holds a PhD in mathematics and a Master of Applied Probability & Finance.

Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Investment Methodology
 Trend Following Yes 
 Systematic Yes 
 Sector Specialist Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Investment Terms & Information
 Managed Account Minimum:  
 Margin / Equity Ratio: 20% 
 Managed Account Availability: Open 
CoquestTradersResearch.com
Powered by Coquest, Inc.
12222 Merit Drive
Suite 1130
Dallas, TX 75251
[email protected]
P: 214.219.7555
F: 214.219.3313

There are substantial risks and conflicts of interests associated with Managed Futures and commodities accounts, and you should only invest risk capital. The success of an investment is dependent upon the ability of a commodity trading advisor (CTA) to identify profitable investment opportunities and successfully trade. The identification of attractive trading opportunities is difficult, requires skill, and involves a significant degree of uncertainty. CTAs have total trading authority, and the use of a single CTA could mean a lack of diversification and higher risk. The high degree of leverage often obtainable in commodity trading can work against you as well as for you, and can lead to large losses as well as gains. Returns generated from a CTA’s trading, if any, may not adequately compensate you for the business and financial risks you assume. You can lose all or a substantial amount of your investment. If you use notional funding, you may lose more than your initial cash investment. Managed Futures and commodities accounts may be subject to substantial charges for management and advisory fees. It may be necessary for accounts that are subject to these charges to make substantial trading profits in order to avoid depletion or exhaustion of their assets. The disclosure document contains a complete description of each fee to be charged to your account by a CTA. CTAs may trade highly illiquid markets, or on foreign markets, and may not be able to close or offset positions immediately upon request. You may have market exposure even after the CTA has a request for closure or liquidation. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.




Copyright © 2020 CoquestTradersResearch.com
All rights Reserved