Rank	Program*	Investment   Retrictions	Annual   Compound   Return	Assets   under Mgt   (millions)	Minimum   Investment	Sharpe   Ratio  (2.5% RF ROF)	Standard   Deviation	Worst   Drawdown
Last 5 Years
1	Mulvaney Capital - MF Prg	QEPs Only	52.54%	$352.00	$100,000	1.08	45.80%	-39.21%
2	AIS Capital Mgt - MAAP (2X - 4X)	QEPs Only	28.88%	$14.26	$3,000,000	0.89	30.90%	-26.84%
3	Purple Valley - Div. Trend 1	Accredited or QEPs Only	27.92%	$10.00	$100,000	0.64	55.97%	-47.63%
4	Winoma Capital - FX Growth	QEPs Only	25.44%	$0.10	$100,000	1.70	12.41%	-14.87%
5	Opus Futures, LLC - Advanced Ag		22.38%	$326.16	$200,000	1.65	11.18%	-6.36%
6	Covenant Capital Mgt - Hedged Equity		21.23%	$4.35	$250,000	0.61	37.01%	-44.72%
7	PGM Asset Mgt, LLC - Trident Program	QEPs Only	16.02%	$5.50	$1,000,000	0.73	19.79%	-26.05%
8	Red Rock Cap. - Commodity L/S		15.71%	$36.61	$500,000	0.86	15.47%	-15.91%
9	Absolute Return Capital Mgt - Diversified Momentum	QEPs Only	13.41%	$3.07	$300,000	0.75	14.94%	-24.57%
10	Claughton Capital - Institutional Program	QEPs Only	12.38%	$93.00	$1,000,000	0.85	11.66%	-5.87%
Last 3 Years
1	World Cup Advisor - Brent Carlile Multi-Asset Prg		98.77%	$0.14	$10,000	0.94	141.27%	-82.21%
2	Mulvaney Capital - MF Prg	QEPs Only	73.71%	$352.00	$100,000	1.27	51.14%	-39.21%
3	Winoma Capital - FX Growth	QEPs Only	17.25%	$0.10	$100,000	1.22	11.55%	-14.87%
4	HiProb Capital Mgt - Neutral Plus	QEPs Only	14.20%	$5.25	$1,000,000	2.84	3.83%	-3.52%
5	Soaring Pelican, LLC - Overnight Advantage		14.07%	$1.90	$25,000	0.49	31.33%	-31.37%
6	Buckingham Global Adv. - Strategic E-Mini		13.39%	$52.00	$250,000	1.37	7.55%	-8.99%
7	DUNN Capital - WMA	QEPs Only	12.37%	$788.00	$10,000,000	0.47	26.89%	-24.85%
8	White River - Dynamic S&P Options		11.89%	$9.57	$50,000	2.38	3.70%	-4.16%
9	Opus Futures, LLC - Advanced Ag		11.84%	$326.16	$200,000	0.94	9.77%	-5.44%
10	AIS Capital Mgt - MAAP (2X - 4X)	QEPs Only	10.89%	$14.26	$3,000,000	0.45	23.50%	-26.84%
Last Year
1	World Cup Advisor - Brent Carlile Multi-Asset Prg		1265.74%	$0.14	$10,000	2.04	210.92%	-56.91%
2	Alleman Capital Mgt - AC Crude Hedge (P)		93.88%	$0.02	$100,000	6.43	9.85%	0.00%
3	World Cup Advisor - Ivan Scherman - Emerge Funds		87.26%	$0.09	$50,000	1.19	66.94%	-33.54%
4	Mulvaney Capital - MF Prg	QEPs Only	82.97%	$352.00	$100,000	1.09	71.25%	-39.21%
5	Advanced Alpha Advisers - ART ST Systematic SP - Velocity	QEPs Only	75.79%	$8.20	$1,000,000	2.27	24.62%	-7.18%
6	World Cup Advisor - Daniele Sambataro - Momentum Selection		60.51%	$0.03	$10,162	1.84	25.43%	-9.56%
7	QDRA Pty Ltd - QDRA Systematic Commodities	QEPs Only	32.50%	$1.80	$0	1.07	26.23%	-12.07%
8	Blue Creek Capital Mgt - Global Opportunities	QEPs Only	27.99%	$25.80	$250,000	1.29	17.84%	-8.05%
9	Advanced Alpha Advisers - ART S-Term Defensive	QEPs Only	26.57%	$8.20	$1,000,000	2.13	9.85%	-2.87%
10	Soaring Pelican, LLC - Overnight Advantage		25.79%	$1.90	$25,000	1.61	12.86%	-4.44%

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THE FOLLOWING RISK DISCLOSURES AND FOOTNOTES ARE INTEGRAL TO THIS REPORT.


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

Risk Disclsoure

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY 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. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED. LIMITATIONS OF RANKINGS ARE THAT ONLY THOSE ADVISORS OR POOL OPERATORS THAT SUBMITTED THEIR PERFORMANCE DATA TO AUTUMNGOLD WERE RATED. THE ENTIRE CTA UNIVERSE IS NOT INCLUDED IN THE RANKINGS. THE PERFORMANCE INFORMATION PROVIDED WHEREIN HAS NOT BEEN VERIFIED BY AUTUMNGOLD.

Footnotes: (C) = Client Trading Results | (P) = Proprietary Trading Results | (P&C) = A Combination of Proprietary & Client Results. 1. Manager/Program - The names of the Manager and/or Programs may have been shortened for formatting reasons 2. QEPS Only: Participation is limited to QEPs. A Qualified Eligible Person ("QEP") must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin) 3. Annualized Compounded ROR - Annualized Compounded Return over the time-period indicated. It smoothes out returns by assuming constant growth 4. Assets Under Mgt (millions) - Current Assets Under Management in Millions 5. Minimum Investment - Minimum Account Size required to particpate in the program 6. Sharpe Ratio - Sharpe Ratio is a risk adjusted ratio that rewards consistancy of returns. There is a penalization for volatility regardless of whether it is on the up or downside. It is calculated using a 2.5% Risk Free Rate of Return 7. Correlation to AG CTA Index - The Correlation to the Autumn Gold CTA Index 8. Standard Deviation - represents consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return 9. Worst Drawdown - Worst Drawdown reflects the greatest loss since inception. Worst Drawdown can be defined as the potential cost of higher return.