Turk Capital LLC

Turk Capital US Market Hedge Strategy *QEP*


Monthly Performance (%)

Date Range: 11/15 - 10/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 -0.19 -4.27 -6.02 1.91 0.69 0.08 1.51 2.05 -1.30 -0.87   -6.53 
2019 4.04 1.52 0.79 1.59 -4.58 4.86 0.43 -1.46 1.24 0.58 1.11 1.05  11.41 
2018 2.17 -0.91 -2.22 0.03 1.58 0.25 2.58 1.80 0.02 -3.96 0.55 -2.46  -0.79 
2017 0.08 0.45 -0.18 0.64 0.78 0.24 1.23 -0.04 1.22 1.45 1.35 0.30  7.77 
2016 -6.55 -0.07 4.86 0.44 -0.98 0.24 -2.62 -0.15 1.07 -0.73 -3.19 -0.66  -8.41 
2015 -0.01  -0.01 

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 Turk Capital Market Hedge Strategy (the “Strategy”) is a managed futures program offered by an exclusive partnership between Turk Capital, LLC and TrimTabs Investment Research, Inc. Trading is based on the trading signals generated by the TrimTabs Demand Index (the “TTDI”) and the TrimTabs ETF Model (the "ETFM). Based on levels of the TTDI and ETFM, investors will benefit from one of nine potential S&P 500 Futures positions: 50% short, 100% short, 125% short, 150% short, flat, 25% long, 50% long, 75% long and 100% long. The Strategy does not employ any other positions or use any other instruments. Investors benefit from TrimTabs’ unique focus on equity market liquidity—as opposed to fundamental or technical analysis—and the market timing signals this focus generates.

Performance Statistics

Date Range: 11/15 - 10/20
  Program S&P 500 Coquest 40 
Total Return 1.96% 74.05% -1.64% 
Annualized Return 0.40% 11.72% -0.33% 
Annualized Std. Deviation 7.55% 14.49% 7.54% 
Correlation 0.81 0.04 
Sharpe Ratio (rf=2.5%) -0.28 0.64 -0.38 
Worst Month -6.55% -12.35% -6.10% 
Date of Worst Month 01/2016 03/2020 02/2018 
Worst Drawdown -10.20% -19.60% -13.08% 
Date of Worst Drawdown 12/19 - 3/20 12/19 - 3/20 2/16 - 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: 11/15 - 10/20
Year or YTD Program S&P 500 Coquest 40 
2020 -6.53 2.77 -3.54 
2019 11.41 31.50 7.53 
2018 -0.79 -4.38 -4.29 
2017 7.77 21.84 1.24 
2016 -8.41 11.98 -3.13 
2015 -0.01 -1.58 -2.30 

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: 11/15 - 10/20
Date: 10/31/2020
Perf: $951.19 Date: 9/30/2020
Perf: $954.25 Date: 8/31/2020
Perf: $968.38 Date: 7/31/2020
Perf: $979.45 Date: 6/30/2020
Perf: $961.10 Date: 5/31/2020
Perf: $973.56 Date: 4/30/2020
Perf: $985.08 Date: 3/31/2020
Perf: $981.84 Date: 2/29/2020
Perf: $981.25 Date: 1/31/2020
Perf: $996.10 Date: 12/31/2019
Perf: $986.14 Date: 11/30/2019
Perf: $992.29 Date: 10/31/2019
Perf: $982.66 Date: 9/30/2019
Perf: $1,004.87 Date: 8/31/2019
Perf: $1,033.49 Date: 7/31/2019
Perf: $997.39 Date: 6/30/2019
Perf: $964.50 Date: 5/31/2019
Perf: $945.59 Date: 4/30/2019
Perf: $964.49 Date: 3/31/2019
Perf: $938.68 Date: 2/28/2019
Perf: $906.15 Date: 1/31/2019
Perf: $900.38 Date: 12/31/2018
Perf: $917.07 Date: 11/30/2018
Perf: $913.24 Date: 10/31/2018
Perf: $924.33 Date: 9/30/2018
Perf: $947.74 Date: 8/31/2018
Perf: $952.02 Date: 7/31/2018
Perf: $928.35 Date: 6/30/2018
Perf: $935.37 Date: 5/31/2018
Perf: $927.57 Date: 4/30/2018
Perf: $939.70 Date: 3/31/2018
Perf: $929.66 Date: 2/28/2018
Perf: $930.49 Date: 1/31/2018
Perf: $990.94 Date: 12/31/2017
Perf: $958.17 Date: 11/30/2017
Perf: $947.84 Date: 10/31/2017
Perf: $946.61 Date: 9/30/2017
Perf: $908.54 Date: 8/31/2017
Perf: $928.13 Date: 7/31/2017
Perf: $912.97 Date: 6/30/2017
Perf: $909.42 Date: 5/31/2017
Perf: $936.78 Date: 4/30/2017
Perf: $935.00 Date: 3/31/2017
Perf: $940.64 Date: 2/28/2017
Perf: $954.58 Date: 1/31/2017
Perf: $934.22 Date: 12/31/2016
Perf: $946.42 Date: 11/30/2016
Perf: $939.29 Date: 10/31/2016
Perf: $949.73 Date: 9/30/2016
Perf: $974.89 Date: 8/31/2016
Perf: $987.63 Date: 7/31/2016
Perf: $1,014.93 Date: 6/30/2016
Perf: $1,004.68 Date: 5/31/2016
Perf: $963.72 Date: 4/30/2016
Perf: $980.89 Date: 3/31/2016
Perf: $1,006.14 Date: 2/29/2016
Perf: $1,035.87 Date: 1/31/2016
Perf: $1,011.00 Date: 12/31/2015
Perf: $977.00 Date: 11/30/2015
Perf: $1,000.00 Date: 10/31/2020
Perf: $1,735.27 Date: 9/30/2020
Perf: $1,782.69 Date: 8/31/2020
Perf: $1,853.11 Date: 7/31/2020
Perf: $1,728.80 Date: 6/30/2020
Perf: $1,636.51 Date: 5/31/2020
Perf: $1,604.57 Date: 4/30/2020
Perf: $1,531.67 Date: 3/31/2020
Perf: $1,357.62 Date: 2/29/2020
Perf: $1,548.91 Date: 1/31/2020
Perf: $1,687.82 Date: 12/31/2019
Perf: $1,688.49 Date: 11/30/2019
Perf: $1,639.00 Date: 10/31/2019
Perf: $1,581.58 Date: 9/30/2019
Perf: $1,547.99 Date: 8/31/2019
Perf: $1,519.58 Date: 7/31/2019
Perf: $1,543.97 Date: 6/30/2019
Perf: $1,522.05 Date: 5/31/2019
Perf: $1,421.82 Date: 4/30/2019
Perf: $1,518.22 Date: 3/31/2019
Perf: $1,459.13 Date: 2/28/2019
Perf: $1,431.36 Date: 1/31/2019
Perf: $1,386.84 Date: 12/31/2018
Perf: $1,283.99 Date: 11/30/2018
Perf: $1,411.45 Date: 10/31/2018
Perf: $1,383.23 Date: 9/30/2018
Perf: $1,484.79 Date: 8/31/2018
Perf: $1,476.37 Date: 7/31/2018
Perf: $1,429.76 Date: 6/30/2018
Perf: $1,378.48 Date: 5/31/2018
Perf: $1,369.99 Date: 4/30/2018
Perf: $1,337.75 Date: 3/31/2018
Perf: $1,332.69 Date: 2/28/2018
Perf: $1,367.42 Date: 1/31/2018
Perf: $1,419.81 Date: 12/31/2017
Perf: $1,342.86 Date: 11/30/2017
Perf: $1,328.12 Date: 10/31/2017
Perf: $1,288.56 Date: 9/30/2017
Perf: $1,259.22 Date: 8/31/2017
Perf: $1,233.81 Date: 7/31/2017
Perf: $1,229.99 Date: 6/30/2017
Perf: $1,205.17 Date: 5/31/2017
Perf: $1,197.74 Date: 4/30/2017
Perf: $1,181.09 Date: 3/31/2017
Perf: $1,169.05 Date: 2/28/2017
Perf: $1,167.65 Date: 1/31/2017
Perf: $1,123.06 Date: 12/31/2016
Perf: $1,102.12 Date: 11/30/2016
Perf: $1,080.72 Date: 10/31/2016
Perf: $1,042.16 Date: 9/30/2016
Perf: $1,061.48 Date: 8/31/2016
Perf: $1,061.27 Date: 7/31/2016
Perf: $1,059.78 Date: 6/30/2016
Perf: $1,022.07 Date: 5/31/2016
Perf: $1,019.42 Date: 4/30/2016
Perf: $1,001.39 Date: 3/31/2016
Perf: $997.50 Date: 2/29/2016
Perf: $934.17 Date: 1/31/2016
Perf: $935.38 Date: 12/31/2015
Perf: $984.20 Date: 11/30/2015
Perf: $1,000.00 Date: 10/31/2020
Perf: $1,019.59 Date: 9/30/2020
Perf: $1,028.54 Date: 8/31/2020
Perf: $1,042.09 Date: 7/31/2020
Perf: $1,021.15 Date: 6/30/2020
Perf: $1,005.96 Date: 5/31/2020
Perf: $1,005.16 Date: 4/30/2020
Perf: $998.27 Date: 3/31/2020
Perf: $979.56 Date: 2/29/2020
Perf: $1,042.31 Date: 1/31/2020
Perf: $1,088.80 Date: 12/31/2019
Perf: $1,090.87 Date: 11/30/2019
Perf: $1,079.54 Date: 10/31/2019
Perf: $1,067.69 Date: 9/30/2019
Perf: $1,061.53 Date: 8/31/2019
Perf: $1,048.53 Date: 7/31/2019
Perf: $1,064.06 Date: 6/30/2019
Perf: $1,059.51 Date: 5/31/2019
Perf: $1,010.40 Date: 4/30/2019
Perf: $1,058.90 Date: 3/31/2019
Perf: $1,042.33 Date: 2/28/2019
Perf: $1,034.16 Date: 1/31/2019
Perf: $1,018.67 Date: 12/31/2018
Perf: $979.12 Date: 11/30/2018
Perf: $1,003.81 Date: 10/31/2018
Perf: $998.32 Date: 9/30/2018
Perf: $1,039.48 Date: 8/31/2018
Perf: $1,039.28 Date: 7/31/2018
Perf: $1,020.90 Date: 6/30/2018
Perf: $995.22 Date: 5/31/2018
Perf: $992.74 Date: 4/30/2018
Perf: $977.30 Date: 3/31/2018
Perf: $977.01 Date: 2/28/2018
Perf: $999.19 Date: 1/31/2018
Perf: $1,008.36 Date: 12/31/2017
Perf: $986.95 Date: 11/30/2017
Perf: $984.00 Date: 10/31/2017
Perf: $970.89 Date: 9/30/2017
Perf: $957.01 Date: 8/31/2017
Perf: $945.48 Date: 7/31/2017
Perf: $945.86 Date: 6/30/2017
Perf: $934.36 Date: 5/31/2017
Perf: $932.13 Date: 4/30/2017
Perf: $924.91 Date: 3/31/2017
Perf: $919.03 Date: 2/28/2017
Perf: $920.69 Date: 1/31/2017
Perf: $916.56 Date: 12/31/2016
Perf: $915.83 Date: 11/30/2016
Perf: $921.91 Date: 10/31/2016
Perf: $952.29 Date: 9/30/2016
Perf: $959.30 Date: 8/31/2016
Perf: $949.14 Date: 7/31/2016
Perf: $950.57 Date: 6/30/2016
Perf: $976.14 Date: 5/31/2016
Perf: $973.80 Date: 4/30/2016
Perf: $983.44 Date: 3/31/2016
Perf: $979.13 Date: 2/29/2016
Perf: $933.75 Date: 1/31/2016
Perf: $934.41 Date: 12/31/2015
Perf: $999.90 Date: 11/30/2015
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: 11/15 - 10/20
Date: 10/31/2020
Return: -0.87 % Date: 9/30/2020
Return: -1.30 % Date: 8/31/2020
Return: 2.05 % Date: 7/31/2020
Return: 1.51 % Date: 6/30/2020
Return: 0.08 % Date: 5/31/2020
Return: 0.69 % Date: 4/30/2020
Return: 1.91 % Date: 3/31/2020
Return: -6.02 % Date: 2/29/2020
Return: -4.27 % Date: 1/31/2020
Return: -0.19 % Date: 12/31/2019
Return: 1.05 % Date: 11/30/2019
Return: 1.11 % Date: 10/31/2019
Return: 0.58 % Date: 9/30/2019
Return: 1.24 % Date: 8/31/2019
Return: -1.46 % Date: 7/31/2019
Return: 0.43 % Date: 6/30/2019
Return: 4.86 % Date: 5/31/2019
Return: -4.58 % Date: 4/30/2019
Return: 1.59 % Date: 3/31/2019
Return: 0.79 % Date: 2/28/2019
Return: 1.52 % Date: 1/31/2019
Return: 4.04 % Date: 12/31/2018
Return: -2.46 % Date: 11/30/2018
Return: 0.55 % Date: 10/31/2018
Return: -3.96 % Date: 9/30/2018
Return: 0.02 % Date: 8/31/2018
Return: 1.80 % Date: 7/31/2018
Return: 2.58 % Date: 6/30/2018
Return: 0.25 % Date: 5/31/2018
Return: 1.58 % Date: 4/30/2018
Return: 0.03 % Date: 3/31/2018
Return: -2.22 % Date: 2/28/2018
Return: -0.91 % Date: 1/31/2018
Return: 2.17 % Date: 12/31/2017
Return: 0.30 % Date: 11/30/2017
Return: 1.35 % Date: 10/31/2017
Return: 1.45 % Date: 9/30/2017
Return: 1.22 % Date: 8/31/2017
Return: -0.04 % Date: 7/31/2017
Return: 1.23 % Date: 6/30/2017
Return: 0.24 % Date: 5/31/2017
Return: 0.78 % Date: 4/30/2017
Return: 0.64 % Date: 3/31/2017
Return: -0.18 % Date: 2/28/2017
Return: 0.45 % Date: 1/31/2017
Return: 0.08 % Date: 12/31/2016
Return: -0.66 % Date: 11/30/2016
Return: -3.19 % Date: 10/31/2016
Return: -0.73 % Date: 9/30/2016
Return: 1.07 % Date: 8/31/2016
Return: -0.15 % Date: 7/31/2016
Return: -2.62 % Date: 6/30/2016
Return: 0.24 % Date: 5/31/2016
Return: -0.98 % Date: 4/30/2016
Return: 0.44 % Date: 3/31/2016
Return: 4.86 % Date: 2/29/2016
Return: -0.07 % Date: 1/31/2016
Return: -6.55 % Date: 12/31/2015
Return: -0.01 % Date: 11/30/2015
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: 11/15 - 10/20
Return: -6.00 %
Count: 1 Return: -5.00 %
Count: 1 Return: 4.00 %
Count: 1 Return: -4.00 %
Count: 2 Return: 3.00 %
Count: 1 Return: -2.00 %
Count: 2 Return: 2.00 %
Count: 8 Return: 1.00 %
Count: 14 Return: -3.00 %
Count: 2 Return: -1.00 %
Count: 7 Return: 5.00 %
Count: 2 Return: -7.00 %
Count: 1 Return: 0.00 %
Count: 18

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: 11/15 - 10/20
Date: 10/31/2020
Drawdown: -6.53 % Date: 9/30/2020
Drawdown: -5.71 % Date: 8/31/2020
Drawdown: -4.47 % Date: 7/31/2020
Drawdown: -6.39 % Date: 6/30/2020
Drawdown: -7.78 % Date: 5/31/2020
Drawdown: -7.86 % Date: 4/30/2020
Drawdown: -8.49 % Date: 3/31/2020
Drawdown: -10.20 % Date: 2/29/2020
Drawdown: -4.45 % Date: 1/31/2020
Drawdown: -0.19 % Date: 12/31/2019
Drawdown: 0.00 % Date: 11/30/2019
Drawdown: 0.00 % Date: 10/31/2019
Drawdown: 0.00 % Date: 9/30/2019
Drawdown: -0.24 % Date: 8/31/2019
Drawdown: -1.46 % Date: 7/31/2019
Drawdown: 0.00 % Date: 6/30/2019
Drawdown: 0.00 % Date: 5/31/2019
Drawdown: -4.58 % Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: 0.00 % Date: 2/28/2019
Drawdown: -0.51 % Date: 1/31/2019
Drawdown: -2.00 % Date: 12/31/2018
Drawdown: -5.81 % Date: 11/30/2018
Drawdown: -3.43 % Date: 10/31/2018
Drawdown: -3.96 % Date: 9/30/2018
Drawdown: 0.00 % Date: 8/31/2018
Drawdown: 0.00 % Date: 7/31/2018
Drawdown: 0.00 % Date: 6/30/2018
Drawdown: -1.30 % Date: 5/31/2018
Drawdown: -1.55 % Date: 4/30/2018
Drawdown: -3.08 % Date: 3/31/2018
Drawdown: -3.11 % Date: 2/28/2018
Drawdown: -0.91 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -1.31 % Date: 11/30/2017
Drawdown: -1.60 % Date: 10/31/2017
Drawdown: -2.91 % Date: 9/30/2017
Drawdown: -4.30 % Date: 8/31/2017
Drawdown: -5.45 % Date: 7/31/2017
Drawdown: -5.41 % Date: 6/30/2017
Drawdown: -6.56 % Date: 5/31/2017
Drawdown: -6.79 % Date: 4/30/2017
Drawdown: -7.51 % Date: 3/31/2017
Drawdown: -8.10 % Date: 2/28/2017
Drawdown: -7.93 % Date: 1/31/2017
Drawdown: -8.34 % Date: 12/31/2016
Drawdown: -8.42 % Date: 11/30/2016
Drawdown: -7.81 % Date: 10/31/2016
Drawdown: -4.77 % Date: 9/30/2016
Drawdown: -4.07 % Date: 8/31/2016
Drawdown: -5.09 % Date: 7/31/2016
Drawdown: -4.94 % Date: 6/30/2016
Drawdown: -2.39 % Date: 5/31/2016
Drawdown: -2.62 % Date: 4/30/2016
Drawdown: -1.66 % Date: 3/31/2016
Drawdown: -2.09 % Date: 2/29/2016
Drawdown: -6.62 % Date: 1/31/2016
Drawdown: -6.56 % Date: 12/31/2015
Drawdown: -0.01 %

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:  Turk Capital LLC
Address: 47 Maple Street Suite L-12
City: Summit
State: NJ
Zip: 07901
Country: United States

Key People

Key People

Employee information is not available.

Additional Information

 Futures Sectors Traded
 Investment Methodology
 Systematic 100% 
 Other Yes 
 Instruments Traded
 Futures 100% 
 Geographical Focus
 United States 100% 
 Holding Period
 Long Term 25% 
 Medium Term 35% 
 Short Term 40% 
 Investment Terms & Information
 Managed Account Minimum: $250,000 
 Margin / Equity Ratio: 20% 
 Managed Account Availability: Open 
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