Net performance 2017

after deduction of all fund costs (broker commissions, exchange, management and performance fee)

61%

Correlation with underlying markets: 0.1

Historical monthly price movement

Results prior to December 2012 (trade 3000) results from our backtest based on out-of-sample data.

Historical price movement per transaction

Results prior to December 2012 (trade 3000) results from our backtest based on out-of-sample data.

Drawdown per transaction

Results prior to December 2012 (trade 3000) results from our backtest based on out-of-sample data.

Drawdown over time in percentages per participation.