3/12/2020 CTA Ranking Reports

FOREMOST CAPITALM A N A G E M E N T

M ' . ' M S

February 2020 Performance - CTAs Ranked by Monthly ReturnPerformance Results reported or amended subsequent to Thursday March 12, 2020 are not reflected in this Report

Click on column headings to sort | Note that Annual Compound ROR and Worst Drawdown are from Inception

R a n k ManagerI n v e s t m e n tR e s t r i c t i o n s

^MonthlyR e t u r n

Y T D R e t u r n1 2

M o n t hR e t u r n

C u r r e n tD r a w d o w n

A s s e t sUnder Mgt(Mil l ions)

M i n i m u mI n v e s t m e n t

A n n u a l ^ .

1Orion Capital Advisors, Inc. - Beta Opportunity(Client)

2 3 . 2 9 % 2 3 . 4 3 % - 7 . 0 3 % - 1 6 . 3 6 % $ 0 , 4 2 7 $100,000 - 2 . 3 3 % - 3 2 . 2 3 %

2 Tomas Capital - GCAF | USD QEPs Only 2 0 . 5 8 % 1 9 . 6 3 % 1 4 , 7 7 % - 5 5 . 4 2 % $0,640 $1 ,500 ,000 - 1 . 1 5 % - 6 5 . 8 2 %

3 Kinkopf Capital Mgt, LLC - S&P SELECT 1 7 . 5 6 % 5 . 1 5 % 1 0 . 1 6 % • 6 . 1 2 % $0,054 $25,000 - 0 . 9 2 % - 2 1 . 8 7 %

4 Purple Valley - Div. Trend 1 1 7 . 3 3 % 1 6 . 5 2 % 7 . 3 6 % - 6 0 . 7 0 % $1,800 51 ,000 ,000 5 . 5 5 % - 6 9 . 7 4 %

5 GT Capital CTA - Systematic Day Trading 1 2 . 4 3 % 1 . 1 8 % - 3 . 5 0 % - 1 0 . 5 3 % $0,697 $30,000 - 2 . 6 7 % - 2 4 . 1 4 %

6 Claughton Capital - Institutional QEPs Only 9 . 7 9 % 1 3 . 9 5 % 2 3 . 5 1 % $ 8 , 9 0 0 $1,000,000 5 . 6 3 % - 2 5 . 5 5 %

7 Revolution Capital Mgt - Alpha Prg QEPs Only 8 . 8 5 % 1 3 . 8 6 % 2 8 . 5 1 % $ 2 3 4 , 0 0 0 $5,000,000 7 . 2 8 % - 2 0 . 9 2 %

8 Quality Capital Management Ltd - GDP QEPs Only 8 . 7 5 % 1 3 . 2 6 % 3 4 . 7 1 % - 2 9 . 4 9 % 512.400 $500,000 8 . 0 1 % - 5 3 . 5 5 %

9 Red Rock Cap. - Commodity L/S 8 . 1 8 % 1 0 . 5 9 % 1 1 . 9 8 % • 1 8 . 3 6 % $5,445 $500,000 7 . 6 1 % - 3 0 . 0 9 %

1 0 Anderson Creek Trading - Standard Diversified 7 . 9 4 % 6 . 2 2 % - 9 . 1 0 % - 3 5 . 9 5 % $ 0 , 3 8 9 $250,000 • 5 . 2 9 % - 4 0 . 6 6 %

1 1 QDRA Pty Ltd - Dynamic Macro 7 . 6 3 % 1 8 . 0 7 % 2 0 . 3 3 % - 8 . 2 7 % $67,730 $5,000,000 7 . 8 7 % - 3 6 . 8 9 %

1 2 QQFund.com LLC - Alpha Beta Program QEPs Only 5 . 3 3 % 2 5 . 1 1 % 1 4 5 . 8 9 % $15,802 $100,000 3 4 . 9 0 % - 3 5 . 8 1 %

1 3 AG Capital - Global Macro 4 . 9 3 % 8 . 1 7 % 2 1 . 1 9 % $ 2 0 , 1 0 0 $200,000 2 1 . 1 8 % - 2 5 . 2 6 %

1 4 Deep Field Capital AG - Intraday Crisis Alpha QEPs Only 4 . 6 0 % 9 . 1 4 % 4 . 4 9 % $ 3 5 , 0 0 0 5500,000 1 0 . 2 8 % - 5 . 9 5 %

1 5 EMC Capital Advisors - Classic QEPs Only 4 . 5 3 % 1 . 9 8 % 1 8 . 8 6 % • 1 8 . 3 1 % $ 1 9 , 2 3 7 $5,000,000 1 6 . 7 3 % - 4 5 . 1 3 %

1 6 Eckhardt Trading Co • Evolution 4 . 1 0 % 8 . 2 7 % 2 . 4 1 % - 4 . 8 2 % $ 1 0 4 , 2 0 0 $20,000,000 1 1 , 7 0 % - 2 7 . 1 1 %

1 7 Eckhardt Trading Co - Evolution 1.2X 4 . 0 9 % 8 . 4 6 % 0 . 9 2 % - 6 . 7 4 % $1,300 $20,000,000 1 5 . 3 8 % - 4 0 . 3 9 %

1 8 Deep Field Capital AG - Systematic Volatility Arb QEPs Only 4 . 0 6 % 4 . 2 6 % 9 . 5 1 % - 1 . 2 2 % $ 1 9 , 0 0 0 $500,000 1 2 . 8 5 % - 1 2 . 2 7 %

1 9 Plus EV Capital - Raise Alpha 4 . 0 4 % 4 . 5 0 % - 5 . 8 4 % - 8 . 6 4 % $2,661 $100,000 4 7 . 1 9 % - 1 8 . 8 8 %

2 0 Opus Futures, LLC • Advanced Ag 3 . 6 8 % 5 . 2 4 % - 1 1 . 5 3 % - 2 1 . 7 2 % $ 2 4 , 5 2 3 $100,000 5 . 3 3 % - 5 0 . 6 2 %

2 1 Praus Capital Mgt - Quantlative Strategies I 3 . 5 5 % 5 . 0 0 % 1 . 8 6 % - 1 . 1 4 % 1 . 4 2 4 200,000 7 . 3 1 % - 7 . 7 6 %

2 2 GT Capital CTA • Dynamic Trading 3 . 5 1 % - 3 . 4 3 % - 7 . 8 9 % - 4 2 . 3 8 % $0,144 $150,000 - 1 . 6 1 % - 4 4 . 3 3 %

2 3 N u W a v e I n v e s t m e n t - C o m b i n e d 2 x 3 . 4 6 % 8 . 6 6 % 2 1 . 2 0 % $ 3 4 , 4 3 0 $5,000,000 8 . 6 5 % - 3 1 . 2 4 %

2 4 HIProb Capital Mgt - HIProb-Ill QEPs Only 3 . 0 6 % 5 . 7 3 % 1 2 . 9 9 % $ 1 3 , 2 5 0 $1,000,000 1 5 . 3 9 % - 2 . 1 7 %

2 5 Sigma Advanced Capital Mgt - GAFS QEPs Only 2 . 8 3 % 4 . 0 6 % 1 9 . 0 0 % $3,852 $200,000 1 3 . 6 2 % - 1 5 . 9 6 %

2 6 For t LP - G loba l Trend QEPs Only 2 . 8 2 % 6 . 4 2 % 1 5 . 0 6 % • 3 . 7 3 % $231,461 $10,000,000 9 . 8 3 % - 1 6 . 4 0 %

2 7 Adalpha Asset Mgt - Div. S-Term QEPs Only 2 . 5 1 % 2 . 4 9 % 1 3 . 1 9 % $ 1 7 , 4 1 9 $1,000,000 8 . 9 8 % - 1 3 . 4 2 %

2 8 Wharton Capital Mgt - Ag Futures 2 . 5 0 % 2 . 8 5 % 9 . 1 9 % - 4 . 9 2 % $7,136 $100,000 8 . 4 7 % - 1 2 . 0 0 %

2 9 John Locke - C. Systematic UCITS QEPs Only 2 . 4 2 % 5 . 4 0 % 2 9 . 5 2 % a o . o o o €8,000,000 6 . 9 8 % - 2 0 . 7 6 %

3 0 Bensboro Advlsos LLC - Seasonal Spread QEPs Only 2 . 1 5 % 5 . 1 3 % 2 0 . 0 6 % $4,383 $500,000 5 . 7 1 % - 1 9 . 3 2 %

3 1 W a v e F r o n t - G l o b a l I n v e s t m e n t QEPs Only 1 . 9 5 % 5 . 4 8 % 6 . 5 5 % - 3 8 . 1 1 % $8,045 $2 ,000 ,000 3 . 4 5 % - 4 2 . 6 8 %

3 2Breakout Funds Managed Program - ManagedProgram QEPs Only 1 . 8 9 % 4 . 9 1 % 1 4 . 6 5 % $ 6 1 , 7 6 1 $1 ,000 ,000 1 0 . 2 0 % - 5 . 0 7 %

3 3 Altis Prts (Jersey) Ltd - PureTrend Portfolio QEPs Only 1 . 5 9 % 3 . 6 2 % 5 . 0 5 % - 1 0 . 9 8 % $0,247 $20 ,000 ,000 - 0 . 1 2 % - 1 7 . 0 1 %

3 4N u W a v e I n v e s t m e n t - S h o r t - Te r m F u t u r e s

P o r t f o l i o1 . 5 0 % 4 . 3 4 % 5 . 3 0 % $38,860 55,000,000 3 . 1 8 % - 4 . 2 4 %

SpreadEdge Capital, LLC - Diversified SeasonalSpread

36 SinoPacAM - SinoPacAM-SQMF

37 SpreadEdge Capital, LLC - Ag Seasonal Spread

38 Covenant Capital Mgt - Tactical Growth

3 9 S o u t h w e s t M a n . I n v . - G l o b a l D i v .

40 EMC Capital Advisors - Alpha

41 Quest Partners LLC - AQO

42 Covenant Capital Mgt - Total Volatil ity Program

43 Gregory P. Asset Mgt - SS&O

QEPs Only

QEPs Only

QEPs Only

1 . 1 6 % 6 . 6 1 % 5 . 5 5 % $1,734 $100,000 1 7 . 5 9 % - 4 4 . 0 2 %

0 . 9 7 % 6 . 5 6 % 6 . 5 7 % $ 3 1 , 9 2 0 $5,000,000 7 . 7 7 % - 1 4 . 6 8 %

0 . 8 8 % 4 . 3 2 % 2 . 3 3 % $ 0 , 2 1 1 $100,000 2 7 . 6 1 % - 2 0 . 6 9 %

0 . 7 1 % - 0 . 8 6 % 5 . 4 4 % - 3 . 3 6 % $1,267 $100,000 8 . 3 9 % - 1 1 . 5 1 %

0 . 6 5 % - 5 . 6 8 % - 9 . 6 0 % - 2 0 . 7 9 % $7,823 $200,000 4 . 7 5 % - 3 2 . 7 9 %

0 . 6 3 % 0 . 4 7 % 1 2 . 6 9 % - 1 . 6 7 % $219,083 $5,000,000 5 . 5 8 % - 1 0 . 6 9 %

0 . 6 2 % 8 . 1 6 % 2 8 . 3 4 % - 9 . 0 2 % $1 ,404 ,000 $20,000,000 8 . 9 4 % - 2 9 . 4 0 %

0 . 5 9 % - 3 . 3 4 % 9 . 3 7 % - 6 . 4 2 % $4,637 $100,000 1 4 . 1 7 % - 1 3 . 8 4 %

0 . 4 8 % - 0 . 4 1 % - 0 . 1 9 % - 1 0 . 7 7 % $ 2 , 4 9 9 $50,000 1 0 . 1 6 % - 2 5 . 3 5 %

166.78.191.124/foremost_altemative/RankingReport.php?sort_by=2&for=2020-03-12&type= &desc=l 1 / 3

R a n k M a n a g e r

44 Ditsch Trading LLC - Discretionary

O'Brien Investment Group - Quantitative CMF u t u r e s

4 6 H P X F i n a n c i a l - O l d S c h o o l

I n v e s t m e n tR e s t r i c t i o n s

QEPs Only

MonthlyR e t u r n

CTA Ranking Reports

1 2Y T D R e t u r n M o n t h

R e t u r n

- 1 . 1 0 % - 9 . 2 1 %

0 . 1 5 % 5 . 3 2 %

2 . 0 2 % 1 . 6 6 %

C u r r e n tD r a v t r d o w n

- 4 8 . 2 6 %

- 2 . 4 3 %

- 0 . 3 8 %

A s s e t sUnder Mgt(Millions)

$1,513

$ 1 7 , 5 0 0

$9 ,4644 7 Essex Capital Mgt - S&P Option Selling 0 . 3 9 % 0 . 4 7 % 2 . 5 2 % $14,734

4 8 Davis Commodities - Ag Program QEPs Only 0 . 3 1 % 4 . 1 5 % 8 . 2 5 % - 1 5 . 7 7 % $25,550

4 9 Evergreen Commodity - Disc. Energy 0 . 1 8 % - 9 . 4 2 % - 6 . 5 3 % - 1 1 . 6 6 % $ 2 0 , 2 9 5

5 0 Warrington Asset Mgt - Tactical 0 . 1 0 % - 0 . 0 1 % 3 . 7 3 % - 0 . 0 1 % $ 2 5 , 1 0 0

5 1 F o r t L P - G l o b a l F u t u r e s QEPs Only 0 . 0 8 % 4 . 3 6 % 2 1 . 0 5 % - 3 . 5 7 % $2,367,281

5 2 Northern Capital Partners - Spread Program 0 . 0 0 % - 0 . 6 5 % 8 . 6 4 % - 0 . 6 9 % $1,931

5 3 Bocken Trading LLC - Discretionary - 0 . 1 1 % - 0 . 6 9 % - 2 . 8 3 % - 3 1 . 4 9 % $1,635

5 4 Auspice Capital Advisors - MF Index QEPs Only - 0 . 1 1 % - 3 . 4 8 % - 1 0 . 3 8 % - 2 1 . 0 9 % C$2,360

5 5 Auspice Capital Advisors - Diversified QEPs Only - 0 . 1 9 % - 2 . 2 5 % - 4 . 4 5 % - 2 4 . 1 9 % $9,438

5 6 Mobius Asset Mgt - x-Ceed - 0 . 2 5 % - 1 . 2 0 % - 8 . 3 3 % - 2 9 . 9 9 % $1,500

5 7 Schindler Capital Mgt - Dairy Adv. - 0 . 2 5 % - 0 . 4 0 % 2 0 . 1 4 % - 1 . 2 0 % $3,225

5 8 Algorithmic Futures, Inc. - Tandem - 0 . 3 1 % - 0 . 2 8 % - 5 . 1 7 % - 9 . 7 3 % $0,000

5 9 Camkay Capital - Crisis Alpha Intraday - 0 . 3 7 % 2 . 1 3 % 3 . 1 7 % - 0 . 3 7 % $0,207

6 0 Dynamica Global Inv - Energy QEPs Only - 0 . 3 8 % - 2 . 9 4 % - 2 . 5 4 % - 4 . 1 3 % $24,940

6 1 Trigon Invst Advisors - Disc. Macro QEPs Only - 0 . 4 2 % - 1 . 2 8 % - 4 . 2 4 % - 1 6 . 9 8 % $ 2 5 5 , 8 5 1

6 21512 SG Capital Mgt AG - St.Gallen I Counter-T r e n d

QEPs Only - 0 . 4 9 % 0 . 3 8 % - 0 . 0 5 % - 1 3 . 6 8 % $7,300

6 3 Blue Bar Trading - Commodity Diversified QEPs Only - 0 . 5 2 % 1 . 2 3 % 3 . 8 5 % - 0 . 5 2 % $4,158

6 4 Blue Bar Trading - Blue Bar Ag QEPs Only - 0 . 5 6 % 1 . 0 9 % 4 . 0 4 % - 0 . 5 6 % $12,824

6 5 EMC Capital Advisors - Alpha Plus QEPs Only - 0 . 5 7 % - 1 . 3 0 % 1 3 . 2 0 % - 3 . 5 8 % $ 7 , 7 1 5

6 6 Deep Field Capital AG - Intraday ConvexityCapture

QEPs Only - 0 . 6 3 % 1 . 3 0 % 5 . 4 4 % - 0 . 6 3 % $ 2 3 , 0 0 0

6 7 Spring Valley Asset Mgt - SVAM Tactical Trend QEPs Only - 0 . 8 1 % - 1 . 2 7 % 9 . 2 7 % - 4 . 9 3 % $ 1 5 , 3 0 0

6 8 Tlaloc Capital - Grains Program QEPs Only - 0 . 8 3 % - 0 . 3 4 % 9 . 9 6 % - 1 . 9 9 % $ 4 , 1 7 1

6 9 Quantitative Invest Mgt - Global QEPs Only - 1 . 1 8 % 7 . 5 4 % 1 2 . 3 0 % - 1 . 8 9 % $1 ,881 ,000

7 0 F o r t L P - G l o b a l D i v e r s i fi e d QEPs Only - 1 . 4 0 % 1 . 6 7 % 1 2 . 9 8 % - 3 . 8 1 % $847,281

7 1 Urban Tree Capital - UTC Pius - 1 . 5 8 % 1 . 5 1 % - 3 . 7 4 % - 1 1 . 7 7 % $0,651

7 2 M & R C a p i t a l L L C - L i v e s t o c k - 1 . 6 3 % - 1 0 . 2 9 % - 1 1 . 7 4 %

73 Pear l Cap i ta l Adv iso rs - Pear l Hedged V IX QEPs On ly -1 .69% -3 .44% -8 .35%7 4 F o r t L P - C o n t r a r i a n P r o g r a m Q E P s O n l y - 2 . 1 1 % 0 . 8 1 % 1 1 . 2 0 %

7 5 E M C C a p i t a l A d v i s o r s - B a l a n c e P r g Q E P s O n l y - 2 . 4 0 % - 1 . 9 9 % 7 . 6 0 %

O'Brien Investment Group-Discretionary Global Q^pg only -2.64% -6.66% -4.07%M a c r o

77 DUNN Cap i ta l - WMA Ins t i t u t i ona l QEPs On ly -2 .71% -2 .53% 6 .69%78 Auspice Capital Advisors - Cmdy Index QEPs Only -3.02% -8.22% -12.07%79 Cayler Capital LLC - Systematic Energy Diversified QEPs Only -3.60% 3.29% 11.75%8 0 P i n s t r i p e T r a d i n g - S t a n d a r d - 3 . 7 8 % - 6 . 1 6 % - 5 . 0 2 %

81 G loba l S igma Group - Equ i t y Advan tage I I QEPs On ly -4 .23% -3 .57% -2 .71%

82 Turk Capital LLC - US Market Hedge Strategy QEPs Only -4.27% -4.45% 0.79%83 RTM Capital Advisors - RTM Core Indices Plus -4.43% -3.97% -3.72%8 4 E c l i p s e C a p M g t - A l p h a A s i a - 4 . 5 5 % - 8 . 6 6 % - 1 3 . 5 6 %8 5 L y o n s T r a d i n g G r o u p - L A T S ( C ) - 4 . 6 7 % - 4 . 3 6 % - 0 . 0 8 %8 6 D i a m o n d C a p i t a l - E n h a n c e d S & P - 5 . 1 3 % - 4 . 3 7 % - 3 . 9 7 %

8 7 D U N N C a p i t a l - W M A Q E P s O n l y - 5 . 7 6 % - 5 . 6 0 % 1 2 . 5 1 %

8 8 M u l v a n e y C a p i t a l - M F P r g Q E P s O n l y - 6 . 9 9 % - 1 2 . 1 8 % - 1 1 . 7 1 %

- 1 3 . 5 6 % $ 5 5 , 5 2 6

- 1 6 . 2 7 % $ 1 1 , 9 0 0

-2 .27% $2 ,848 ,995

- 2 . 4 0 % $ 2 1 9 , 0 8 3

M i n i m u mI n v e s t m e n t

$100,000

$3 ,000 ,000

$200,000

$20,000

$250,000

$100,000

$500,000

$10 ,000 ,000

$250,000

$100,000

C$1,000,000

$2,000,000

$150,000

$200,000

$50,000

$100,000

$500,000

$5,000,000

$500,000

$100,000

$100,000

$5,000,000

$500,000

$1 ,000 ,000

$1 ,000 ,000

$20 ,000 ,000

$10 ,000 ,000

$100,000

$100,000

$500,000

$5 ,000 ,000

$3,000,000

A n n u a l

CompoundR O R

- 9 . 6 1 %

- 4 1 . 3 0 %

- 3 . 6 0 %

- 1 6 . 8 3 %

- 4 . 2 3 %

- 4 . 4 5 %

- 6 . 2 3 %

- 1 3 . 9 7 %

- 2 3 . 7 8 %

- 9 . 5 1 %

- 2 0 . 2 4 %

- 4 5 . 0 8 %

$ 5 8 , 7 0 0 $ 2 , 0 0 0 , 0 0 0

$414,000 $25 ,000 ,000

C$58,452 C$1,000,000

$ 1 , 5 0 0 $ 1 2 5 , 0 0 0

$ 6 , 6 0 0 $ 1 2 5 , 0 0 0

$ 0 , 9 5 8 $ 1 , 0 0 0 , 0 0 0

$ 2 , 8 1 0 $ 2 5 0 , 0 0 0

$2,897

5 6 2 4 . 4 8 9

$3 ,374

$ 1 1 , 2 4 9

$500,000

5c25,000

$100,000

$100,000

$483,000 $10 ,000 ,000

$120,000 $10 ,000 ,000

2 . 6 4 % - 4 9 . 3 4 %

1 . 2 9 % - 9 . 8 4 %

3 9 . 5 8 % - 1 9 . 8 9 %

4 . 7 8 % - 3 . 5 8 %

6 . 1 6 % - 2 9 . 7 2 %

1 1 . 8 3 % - 1 1 . 8 2 %

7 . 3 4 % - 4 . 1 2 %

1 3 . 8 7 % - 2 6 . 5 6 %

9 . 9 3 % - 2 . 1 7 %

2 . 5 2 % - 3 2 . 4 6 %

0 . 2 7 % - 2 3 . 3 3 %

0 . 4 3 % - 2 6 . 0 5 %

- 4 . 6 7 % - 2 9 . 9 9 %

2 9 . 6 7 % - 4 1 . 4 9 %

- 5 . 1 7 % - 9 . 7 3 %

6 . 4 5 % - 0 . 6 5 %

7 . 2 6 % - 1 1 . 6 1 %

0 . 8 1 % - 1 6 . 9 8 %

2 4 . 5 0 % - 1 1 . 2 4 %

3 8 . 2 2 % - 4 2 . 2 6 %

7 . 7 7 % - 1 5 . 5 6 %

1 . 9 3 % - 1 7 . 5 7 %

6 . 2 1 % - 1 4 . 8 1 %

8 . 2 8 % - 1 6 . 9 1 %

1 3 . 9 5 % - 2 6 . 5 6 %

2 . 7 4 % - 1 3 . 7 8 %

1 8 . 2 2 % - 2 3 . 3 8 %

5 . 7 1 % - 1 6 . 4 6 %

9 . 6 2 % - 1 7 . 4 2 %

2 . 4 0 % - 7 . 7 3 %

2 . 7 7 % - 1 2 . 1 5 %

3 . 9 7 % - 1 5 . 1 7 %

- 2 . 4 1 % - 4 1 . 3 0 %

8 . 9 3 % - 7 . 5 9 %

5 . 0 4 % - 1 7 . 3 9 %

3 . 2 3 % - 4 . 2 3 %

0 . 9 8 % - 8 . 4 2 %

5 . 7 4 % - 9 . 3 1 %

4 . 0 4 % - 1 4 . 4 2 %

- 1 1 . 6 8 % - 3 0 . 7 7 %

1 0 . 7 9 % - 1 2 . 6 5 %

1 2 . 6 5 % - 6 0 . 2 6 %

9 . 5 6 % - 4 5 . 0 8 %

8 9 Double Helix Cap. - Double Helix - 7 . 3 2 % - 9 . 2 9 % - 4 . 7 1 % - 9 . 2 9 % $ 1 0 , 2 4 1 $50,000 4 . 5 7 % - 1 3 . 4 8 %

9 0 Crescent Bay - Conservative Growth Index - 8 . 0 3 % - 9 . 0 3 % 0 . 9 6 % - 9 . 0 3 % $1,280 $10,000 5 . 1 4 % - 1 3 . 2 4 %

9 1 Goldman Mgt - Stock Index QEPs Only - 8 . 0 7 % - 8 . 3 0 % 1 . 3 7 % - 8 . 3 0 % $200,000 $350,000 7 . 8 1 % - 1 1 . 2 5 %

9 2 Turk Capital LLC - U.S. Equity Long Short QEPs Only - 8 . 5 8 % - 8 . 8 6 % 2 . 1 2 % - 8 . 8 6 % $ 2 1 , 9 8 0 $100,000 4 . 8 9 % - 2 0 . 4 7 %

9 3 Caerus Group, LLC - Oil Futures Trading Prg - 8 . 8 1 % - 1 6 . 6 9 % - 1 8 . 6 4 % - 2 0 . 5 2 % $0,407 $200,000 - 1 1 . 6 0 % - 2 0 . 5 2 %

9 4 Red Rock Cap. - Sys. Global Macro - 9 . 2 8 % - 1 0 . 2 8 % 8 . 4 4 % - 1 8 . 2 7 % $4,498 $500,000 6 . 7 3 % - 2 4 . 6 3 %

9 5 Altis Pits (Jersey) Ltd - Global Futures QEPs Only - 9 . 7 5 % - 1 2 . 0 9 % 9 . 6 1 % - 2 2 . 8 7 % $13,120 $200,000 7 . 9 5 % - 4 9 . 8 8 %

166.78.191.124/foremost_altemati ve/RanklngReport.php?sort_by=2&for=2020-03-12&ty pe= &desc= 1

3/12/2020 CTA Ranking Reports

1 2R a n k

9 6

9 7

9 8

Manager Inves^ent Monthly ytD ReturnRestrictions Return

361 Capital LLC - 361 Global Managed Futures

Crescent Bay - Premium SI

2Pixels Capital Mgt - Index Option

QEPs Only -10 .56%

- 1 3 . 7 3 %

- 2 8 . 9 8 %

MAnfh Current Minimum AnnualJAAA Drawdown Investment ̂ qr Drawdown- 1 1 . 8 6 %

- 1 1 . 9 0 %

R e t u r n

- 7 . 7 9 %

- 2 . 6 0 %

• 3 2 . 5 3 % - 4 0 . 7 8 %

- 1 2 . 7 4 %

- 1 3 . 7 3 %

- 6 8 . 3 7 %

(Mil l ions)

$ 3 6 , 2 6 8 $ 2 , 0 0 0 , 0 0 0

$0,047

$0,358

$10,000

$25,000

0 . 6 7 % - 1 2 . 7 4 %

4 . 2 7 % - 2 6 . 4 6 %

- 2 0 . 7 5 % - 6 8 . 3 7 %

This Report May be sorted by Monthly Return, VTD Return, Current Drawdown, 12 Month Return, Assets Under Management & Minimum Account Size.

Please note that the monthly performance numbers, ROR and Drawdowns are based on end of month values and are not reflective of intramonth volatility.

(C) = Client Trading Results i (P) = Proprietary Trading Results | (P&C) = A Combination of Proprietary & Client Results.

Monthly Return - Indicates the Monthly Return for the Date indicated in the Title of this Report.

YTD Return - Indicates the Year-to-Date Return as of the Date indicated in the title of this report..

12 Month Return - Indicates the last 12 Month Return as of the Date indicated In the Title of this Report.

Current Drawdown - Represents the extent of the Advisor's current drawdown.

Assets under Management - The Assets under Managmeent of the Advisor's Program or the Total Assets of the Advisor.

Minimum Investment - The minimum participation for an individual managed account.

Annual Compound Rate of Return from Inception - Represents the average return of the CTA over a number of years. It smoothes out returns by assuming constant

g row th

Worst Drawdown from Inception - The Worst Drawdown is defined as the greatest cumulative percentage decline In net asset value due to losses sustained by thetrading program during any period in which the Initial net asset value is not equaled or exceeded by a subsequent asset value.

R I S K D I S C L O S U R E - P A S T P E R F O R M A N C E I S N O T N E C E S S A R I L Y I N D I C A T I V E O F F U T U R E R E S U L T S .

THIS MATTER MAY BE INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGNEXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORKAGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULDT H E R E F O R E C A R E F U L L Y C O N S I D E R W H E T H E R S U C H T R A D I N G I S S U I T A B L E F O R Y O U I N L I G H T O F Y O U R F I N A N C I A L C O N D I T I O N . I F Y O U A R E U N S U R E

Y O U S H O U L D S E E K P R O F E S S I O N A L A D V I C E . A N I N V E S T O R M U S T R E A D A N D U N D E R S T A N D T H E C T A ' S C U R R E N T D I S C L O S U R E D O C U M E N T B E F O R E

I N V E S T I N G . T H E R E A R E N O G U A R A N T E E S O F P R O F I T N O M A T T E R W H O I S M A N A G I N G Y O U R M O N E Y.

P A S T P E R F O R M A N C E D O E S N O T G U A R A N T E E F U T U R E S U C C E S S . I N S O M E C A S E S M A N A G E D A C C O U N T S A R E C H A R G E D S U B S T A N T I A L C O M M I S S I O N S A N D

ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OFTHEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUETO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARDCOPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NOCONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOUMAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NOCOST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY ORACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BEO P E N E D F O R Y O U .

P A S T P E R F O R M A N C E I S N O T N E C E S S A R I L Y I N D I C A T I V E O F F U T U R E R E S U L T S . P R O S P E C T I V E C L I E N T S S H O U L D N O T B A S E T H E I R D E C I S I O N O N

INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION,P R O S P E C T I V E C L I E N T S M U S T A L S O R E L Y O N T H E I R O W N E X A M I N A T I O N O F T H E P E R S O N O R E N T I T Y M A K I N G T H E T R A D I N G D E C I S I O N S A N D T H E T E R M S

O F T H E A D V I S O R Y A G R E E M E N T I N C L U D I N G T H E M E R I T S A N D R I S K S I N V O L V E D .

L I M I T A T I O N S O F R A N K I N G S A R E T H A T O N L Y T H O S E A D V I S O R S O R P O O L O P E R A T O R S T H A T S U B M I T T E D T H E I R P E R F O R M A N C E D A T A T O A U T U M N G O L D

WERE RATED. THE ENTIRE CTA UNIVERSE IS NOT INCLUDED IN THE RANKINGS. THE PERFORMANCE INFORMATION PROVIDED WHEREIN HAS NOT BEENV E R I F I E D B Y A U T U M N G O L D . T H E P A S T P E R F O R M A N C E I S N O T N E C E S S A R I L Y I N D I C A T I V E O F F U T U R E R E S U L T S .

A U T U M N G O L D C T A I N D E X E S A R E N O N - I N V E S T A B L E I N D E X E S C O M P R I S E D O F T H E C L I E N T P E R F O R M A N C E O F C T A P R O G R A M S I N C L U D E D I N T H E A U T U M N

GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST INT H E S E I N D E X E S .

F o r e m o s t C a p i t a l M a n a g e m e n t28 N. Bennett Street • Geneva, IL 60134 * Direct telephone 630-485-2100 • Toll Free 888-818-0880

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