2/12/2020 CTA Ranking Reports

FOREMOST CAPITALM A N A G E M E N T

A T l l M ' r r t

January 2020 Performance - CTAs Ranked by 12 Month ReturnPerformance Results reported or amended subsequent to Wednesday February 12, 2020 are not reflected in this Report

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

R a n k ManagerI n v e s t m e n t M o n t h l y C u r r e n t ^Restrictions Return Return Month DrawdownR e t u r n ( M i l l i o n s )

A s s e t sM i n i m u m

I n v e s t m e n t

1 QQFund.com LLC • Alpha Beta Program QEPs Only 1 8 . 7 8 % 1 8 . 7 8 % 1 2 9 . 7 6 %

2 Global Bayesian Dynamics, LLC - Risk Parity -i- QEPs Only 2 . 2 6 % 2 . 2 6 % 3 4 . 6 5 %

3 Quality Capital Management Ltd - GDP QEPs Only 4 . 1 5 % 4 . 1 5 % 2 8 . 3 4 %

4 Altis Prts (Jersey) Ltd - Global Futures QEPs Only - 2 . 5 9 % - 2 . 5 9 % 2 7 . 1 8 %

5 Global Bayesian Dynamics, LLC - Multi-Strategy QEPs Only 3 . 8 2 % 3 . 8 2 % 2 5 . 5 3 %

6 Quest Partners LLC - AQO QEPs Only 7 . 4 9 % 7 . 4 9 % 2 4 . 4 1 %

7 John Locke - C. Systematic UCITS QEPs Only 2 . 9 1 % 2 . 9 1 % 2 2 . 8 1 %

8 JDN Capital LLC • Green Leaf 2 0 . 3 5 % 2 0 . 3 5 % 2 1 . 8 5 %

9 Bensboro Advisos LLC - Seasonal Spread QEPs Only 2 . 9 2 % 2 . 9 2 % 2 1 . 5 2 %

1 0 For t LP - G loba l Fu tu res QEPs Only 4 . 2 9 % 4 . 2 9 % 2 1 . 4 3 %

11 DUNN Capital • WMA QEPs Only 0 . 1 7 % 0 . 1 7 % 2 1 . 2 8 %

1 2 Schindler Capital Mgt - Dairy Adv. - 0 . 1 5 % - 0 . 1 5 % 2 0 . 7 5 %

1 3 Cayler Capital LLC - Systematic Energy Diversified QEPs Only 8 . 2 1 % 8 . 2 1 % 2 0 . 1 6 %

1 4 Global Bayesian Dynamics, LLC - Bond & FX QEPs Only 7 . 0 7 % 7 . 0 7 % 1 8 . 9 4 %

1 5 Global Bayesian Dynamics, LLC - S8F QEPs Only 1 . 4 6 % 1 . 4 6 % 1 8 . 9 1 %

1 6 Revolution Capital Mgt - Alpha Prg QEPs Only 4 . 6 0 % 4 . 6 0 % 1 8 . 0 7 %

1 7 Red Rock Cap. - Sys. Global Macro - 1 . 1 0 % - 1 . 1 0 % 1 7 . 6 7 %

1 8 F o r t L P - G l o b a l D i v e r s i fi e d QEPs Only 3 . 1 1 % 3 . 1 1 % 1 5 . 7 8 %

1 9 Crescent Bay - Premium SI 2 . 1 2 % 2 . 1 2 % 1 5 . 6 6 %

2 0 Fort LP - Contrarian Program QEPs Only 2 . 9 8 % 2 . 9 8 % 1 5 . 3 6 %

2 1 Melissinos Trading - Eupatrid QEP's Only 1 . 8 2 % 1 . 8 2 % 1 4 . 9 5 %

2 2 AVR Capital Advisors - Diversified Program (P) QEPs Only 2 . 0 4 % 2 . 0 4 % 1 4 . 9 5 %

2 3 Turk Capital LLC - U.S. Equity Long Short QEPs Only - 0 . 3 1 % - 0 . 3 1 % 1 4 . 8 8 %

2 4 Buckingham Global Adv. - SEP Program 1 . 3 1 % 1 . 3 1 % 1 4 . 4 1 %

2 5 AG Capital - Global Macro 3 . 0 9 % 3 . 0 9 % 1 3 . 7 3 %

2 6 EMC Capital Advisors - Alpha Plus QEPs Only - 0 . 7 3 % - 0 . 7 3 % 1 3 . 4 1 %

2 7 EMC Capital Advisors - Classic QEPs Only - 2 . 4 5 % - 2 . 4 5 % 1 3 . 2 9 %

2 8 Goldman Mgt - Stock Index QEPs Only • 0 . 2 4 % - 0 . 2 4 % 1 2 . 9 8 %

2 9 R e d O a k A d v i s o r s - F u n d a m e n t a l QEPs Only 9 . 8 0 % 9 . 8 0 % 1 2 . 5 8 %

3 0 Buckingham Global Adv. - WEP 0 . 7 8 % 0 . 7 8 % 1 2 . 5 1 %

3 1 Spring Valley Asset Mgt - SVAM Tactical Trend QEPs Only - 0 . 4 6 % - 0 . 4 6 % 1 2 . 0 4 %

3 2 For t LP - G loba l Trend QEPs Only 3 . 5 0 % 3 . 5 0 % 1 2 . 0 2 %

3 3Breakout Funds Managed Program - ManagedProgram QEPs Only 2 . 9 6 % 2 . 9 6 % 1 1 . 9 6 %

3 4 EMC Capital Advisors - Alpha QEPs Only - 0 . 1 6 % - 0 . 1 6 % 1 1 . 6 7 %

3 5 Crescent Bay - Conservative Growth Index - 1 . 0 9 % - 1 . 0 9 % 1 1 . 4 4 %

3 6 Chesapeake Capital - Diversified + QEPs Only 3 . 2 3 % 3 . 2 3 % 1 1 . 0 3 %

3 7 QuantScape - US Eq Indx QEPs Only 0 . 9 9 % 0 . 9 9 % 1 0 . 9 2 %

3 8 Adalpha Asset Mgt - Div. S-Term QEPs Only - 0 . 0 2 % - 0 . 0 2 % 1 0 . 7 0 %

3 9 EMC Capital Advisors - Balance Prg QEPs Only 0 . 4 2 % 0 . 4 2 % 1 0 . 6 5 %

4 0 DUNN Capital - WMA Institutional QEPs Only 0 . 1 9 % 0 . 1 9 % 1 0 . 6 0 %

4 1 Astute Capital Group - Pulse Program (C) 1 0 . 3 2 % 1 0 . 3 2 % 1 0 . 3 2 %

4 2 HIProb Capital Mgt • HiProb-III QEPs Only 2 . 5 9 % 2 . 5 9 % 9 . 7 8 %

4 3 QDRA Pty Ltd - Dynamic Macro 9 . 7 0 % 9 . 7 0 % 9 . 7 3 %

4 4 White River - Dynamic S&P Options - 0 . 0 7 % - 0 . 0 7 % 9 . 6 3 %

4 5 White River - SI Option Writing 0 . 1 2 % 0 . 1 2 % 9 . 6 2 %

$ 1 4 , 7 9 4 S I O O . O O O

$ 2 , 9 2 5 6 3 , 0 0 0 , 0 0 0

- 3 5 . 1 7 % 6 1 0 . 5 0 0 6 5 0 0 , 0 0 0

- 1 4 . 5 4 % $ 1 4 , 5 4 0 6 2 0 0 , 0 0 0

6 1 0 . 2 7 5 $ 5 , 0 0 0 , 0 0 0

-9 .58% $1 ,387 ,000 $20 ,000 ,000

- 0 . 4 3 % C 3 0 . 9 0 0 € 8 , 0 0 0 , 0 0 0

$ 1 , 3 0 0 $ 3 0 0 , 0 0 0

$ 4 , 2 6 6 $ 5 0 0 , 0 0 0

-3 .64% $2 ,357 ,414 $10 ,000 ,000

- 1 5 . 3 6 % $ 5 1 5 , 0 0 0 $ 1 0 , 0 0 0 , 0 0 0

- 0 . 9 5 % $ 3 , 2 3 3 $ 2 0 0 , 0 0 0

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

$ 2 , 1 0 0 5 3 , 0 0 0 , 0 0 0

$ 3 , 6 0 0 $ 3 , 0 0 0 , 0 0 0

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

$ 4 , 9 5 8 $ 5 0 0 , 0 0 0

- 1 . 7 7 %

- 0 . 0 4 %

• 4 . 6 7 %

- 9 . 9 1 %

- 2 . 4 5 %

$0,045

-0 .17% $2 ,759 ,407

$4,000- 3 0 . 4 5 %

- 0 . 3 1 %

- 4 . 0 2 %

- 3 . 0 3 %

- 2 1 . 9 0 %

- 0 . 2 4 %

- 4 7 . 4 6 %

- 4 . 1 6 %

- 6 . 3 7 %

• 2 . 2 9 %

- 1 . 0 9 %

- 2 3 . 8 6 %

- 1 6 . 7 7 %

- 1 . 5 3 %

- 7 . 0 9 %

- 1 4 . 7 7 %

- 4 . 1 7 %

$803,852 $10 ,000 ,000

$10,000

$5 ,000 ,000

$500,000

$1,220

$26,820

$13,200

$17,400

$7,760

$ 1 8 , 5 7 0

$ 2 1 0 , 0 0 0

$9 ,280

5 4 0 . 0 0 0

$ 1 5 , 3 0 0

$300,000

$100,000

$60,000

$200,000

$5 ,000 ,000

$5 ,000 ,000

$350,000

$5,000,000

$200,000

$1,000,000

$232,817 $10 ,000 ,000

$ 5 5 , 7 5 3 $ 1 , 0 0 0 , 0 0 0

A n n u a l

CompoundR O R

3 4 . 5 8 %

8 . 9 9 %

7 . 6 7 %

8 . 5 8 %

8 . 6 9 %

8 . 9 4 %

6 . 8 8 %

1 9 . 3 5 %

5 . 3 6 %

1 3 . 9 2 %

1 2 . 8 8 %

2 9 . 8 9 %

1 4 . 4 6 %

4 . 7 9 %

7 . 5 9 %

6 . 6 1 %

7 . 4 0 %

1 4 . 0 6 %

5 . 3 8 %

9 . 8 1 %

1 . 1 0 %

1 6 . 9 7 %

6 . 6 1 %

1 1 . 5 5 %

2 0 . 4 5 %

8 . 0 0 %

1 6 . 6 2 %

9 . 1 3 %

1 0 . 2 9 %

1 5 . 8 5 %

2 . 1 0 %

9 . 7 5 %

$210,480

$1,083

$50,000

$12,200

$ 1 2 , 0 4 8

$ 1 0 , 8 8 0

$13,250

561.601

5 2 3 . 6 3 4

$21,311

$5,000,000

$10,000

$5,000,000

$500,000

$1,000,000

$3,000,000

$442,000 $25,000,000

$ 0 , 1 0 8 $ 1 0 0 , 0 0 0

51,000,000

55,000,000

$50,000

$20,000

W o r s tD r a w d o w n

- 3 5 . 8 1 %

- 1 4 . 9 9 %

- 5 3 . 5 5 %

- 4 9 . 8 8 %

- 1 0 . 3 6 %

- 2 9 . 4 0 %

- 2 0 . 7 6 %

- 5 6 . 4 9 %

- 1 9 . 3 2 %

- 2 6 . 5 6 %

- 6 0 . 2 6 %

- 4 1 . 4 9 %

- 7 . 5 9 %

- 1 5 . 6 9 %

- 1 2 . 9 3 %

• 2 0 . 9 2 %

- 2 4 . 6 3 %

- 2 6 . 5 6 %

- 2 6 . 4 6 %

- 1 7 . 4 2 %

- 3 9 . 5 0 %

- 3 . 6 1 %

- 2 0 . 4 7 %

- 2 . 5 4 %

- 2 5 . 2 6 %

- 1 5 . 5 6 %

- 4 5 . 1 3 %

- 1 1 . 2 5 %

- 5 6 . 2 1 %

- 6 . 2 8 %

- 1 7 . 5 7 %

- 1 6 . 4 0 %

9 . 6 2 % - 5 . 0 7 %

5 . 5 5 %

8 . 5 6 %

7 . 4 5 %

1 0 . 8 1 %

8 . 8 6 %

4 . 1 2 %

4 . 3 6 %

0 . 0 0 %

1 4 . 9 5 %

7 . 2 8 %

6 . 4 7 %

9 . 9 2 %

- 1 0 . 6 9 %

- 1 3 . 2 4 %

- 4 8 . 2 6 %

- 2 8 . 3 9 %

- 1 3 . 4 2 %

- 7 . 7 3 %

• 1 5 . 1 7 %

- 2 . 1 7 %

- 3 6 . 8 9 %

- 2 7 . 4 6 %

- 1 8 . 7 3 %

166.78.l91.124/foremost_aIternative/RankingRepoi1.php?sort_by=4&for=2020-02-12&type= &dcsc=l 1 / 4

2/12/2020

R a n k M a n a g e r

46 Sigma Advanced Capital Mgt - GAPS

47 Eclipse Cap Mgt - Global Monetary

48 Plus EV Capital - Raise Alpha

49 Quant i tat ive Invest Mgt - Global

50 Northern Capital Partners - Spread Program

51 Red Rock Cap. - Commodity U/S

52 Ciaughton Capital - Institutional

SpreadEdge Capital, LLC - Diversified SeasonalSpread

54 Turk Capital LLC - US Market Hedge Strategy

5 5 W i m m e r H o r i z o n L L P - W I m m e r H o r i z o n L L P

56 Tialoc Capital - Grains Program

57 Tact ica l Investment - Inst . Cmdy

__ AVR Capital Advisors - Managed Futuires Program® (P)59 Jaguar Inv. - Aeglr Strategy

60 Deep Field Capital AG - Intraday Convexity Capture

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

62 Paskewitz Asset Mgt - Inst. Global Contrarian

63 Davis Commodit ies - Ag Program

64 Aitis Pits (Jersey) Ltd - PureTrend Portfolio

65 Deep Field Capital AG - Systematic Volatility Arb

66 Diamond Capital - Enhanced S&P

67 SinoPacAM - SInoPacAM-SQMF

6 8 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

69 Chesapeake Capital - Diversified

70 Blue Bar Trading - Blue Bar Ag

71 Buckingham Global Adv. - MTE Program

72 Blue Bar Trading - Commodity Diversified

73 Warrington Asset Mgt - Tact ical

74 Camkay Capital - Crisis Alpha Intraday

75 361 Capital LLC - 361 Global Managed Futures

76 Spring Valley Asset Mgt - SVAM Diversified Alpha

77 SpreadEdge Capital, LLC - Ag Seasonal Spread

78 Wharton Capital Mgt - Ag Futures

79 Deep Field Capital AG - Intraday Crisis Alpha

80 Drury Capital - Diversified T-Foi iowing

8 1 T h i r d S t r e e t A G - F u n d a m e n t a l A G

82 Global Sigma Group - Equity Advantage II

8 3 H P X F i n a n c i a l - O l d S c h o o l

84 Blake Capital Mgt, Inc - SRD Short Equities

85 Pinstr ipe Trading - Standard

86 Blake Capital Mgt, Inc. - SRD Currencies

1512 SG Capital Mgt AG - St.Gailen I Counter-T r e n d

88 White River - Diversified Option Writer

89 Paskewitz Asset Mgt - Contrarian S&P

90 Evergreen Commodity - Disc. Energy

„ O'Brien Investment Group - Discretionary GlobalM a c r o

92 Eckhardt Trading Co - Evolut ion

93 Dynamica Global Inv - Energy

94 Bocken Trading LLC - Discretionary

95 Greenwave Capital - Flagship Pius

96 Trigon Invst Advisors - Disc. Macro

(JTA Ranking Reports

Investment Monthly vm Current .. i fffSnF Minimum WorstRestrictions Return YTD Return Month Drawdown Investment Drawdow

R e t u r n ( M i l l i o n s ) R O R

Q E P s O n i y 1 . 2 0 % 1 . 2 0 % 9 . 3 2 % $ 3 , 7 4 5 $ 2 0 0 , 0 0 0 1 3 . 1 3 % - 1 5 . 9 6 %

Q E P s O n i y 1 . 1 8 % 1 . 1 8 % 9 . 1 0 % - 2 8 . 1 8 % $ 6 9 , 9 8 8 $ 5 , 0 0 0 , 0 0 0 6 . 6 5 % - 3 4 . 7 0 %0 . 4 4 % 0 . 4 4 % 8 . 8 6 % - 1 2 . 1 9 % $ 2 , 2 4 2 $ 1 0 0 , 0 0 0 4 6 . 6 0 % - 1 8 . 8 8 %

Q E P s O n i y 8 . 8 2 % 8 . 8 2 % 8 . 8 4 % - 0 . 7 2 % $ 1 , 4 1 3 , 0 0 0 $ 2 0 , 0 0 0 , 0 0 0 8 . 4 0 % - 1 6 . 9 1 %- 0 . 6 5 % - 0 . 6 5 % 8 . 4 2 % - 0 . 6 9 % $ 1 , 0 5 6 $ 2 5 0 , 0 0 0 1 0 . 3 0 % - 2 . 1 7 %

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

Q E P s O n i y 3 . 7 9 % 3 . 7 9 % 7 . 4 9 % - 3 . 8 4 % $ 8 , 1 0 0 $ 1 , 0 0 0 , 0 0 0 4 . 9 8 % - 2 5 . 5 5 %

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

Q E P s O n i y - 0 . 1 9 % - 0 . 1 9 % 6 . 8 8 % - 0 . 1 9 % $ 2 , 9 3 2 $ 2 5 0 , 0 0 0 2 . 0 6 % - 8 . 4 2 %

Q E P s O n i y 1 . 6 5 % 1 . 6 5 % 6 . 7 5 % - 2 2 . 3 1 % $ 6 3 , 2 7 9 $ 5 , 0 0 0 , 0 0 0 6 . 4 6 % - 3 1 . 2 8 %

Q E P s O n i y 0 . 4 9 % 0 . 4 9 % 6 . 6 8 % - 1 . 1 7 % $ 4 , 2 0 5 $ 1 , 0 0 0 , 0 0 0 6 . 3 6 % - 1 4 . 8 1 %Q E P s O n i y 1 . 3 2 % 1 . 3 2 % 6 . 2 2 % - 9 . 4 2 % $ 6 0 , 1 0 0 $ 1 0 , 0 0 0 , 0 0 0 1 4 . 8 5 % - 4 1 . 5 2 %

Q E P s O n i y 0 . 3 0 % 0 . 3 0 % 6 . 1 9 % $ 0 , 4 4 0 $ 5 0 , 0 0 0 1 9 . 7 6 %

Q E P s O n i y 0 . 1 0 % 0 . 1 0 % 6 . 1 2 % $ 1 0 , 4 0 0 $ 1 , 0 0 0 , 0 0 0 1 2 . 2 0 % - 6 . 3 2 %

Q E P s O n l y 1 . 9 4 % 1 . 9 4 % 6 . 1 1 % $ 2 0 , 0 0 0 $ 5 0 0 , 0 0 0 1 0 . 7 0 % - 1 . 2 8 %

Q E P s O n i y - 0 . 1 8 % - 0 . 1 8 % 6 . 11 % - 2 . 7 5 % $ 1 7 , 5 0 0 $ 3 , 0 0 0 , 0 0 0 1 . 2 0 % - 9 . 8 4 %

Q E P s O n i y 1 . 7 9 % 1 . 7 9 % 6 . 0 4 % - 1 5 . 4 3 % $ 2 0 , 0 0 0 $ 1 , 0 0 0 , 0 0 0 - 5 . 3 4 % - 2 3 . 8 7 %

Q E P s O n i y 3 . 8 3 % 3 . 8 3 % 5 . 6 4 % - 1 6 . 0 3 % $ 2 5 , 4 7 2 $ 2 5 0 , 0 0 0 6 . 1 9 % - 2 9 . 7 2 %

Q E P s O n i y 2 . 0 0 % 2 . 0 0 % 5 . 5 8 % - 1 2 . 3 8 % $ 0 , 2 4 3 $ 2 0 , 0 0 0 , 0 0 0 - 0 . 5 1 % - 1 7 . 0 1 %

Q E P s O n i y 0 . 1 9 % 0 . 1 9 % 5 . 5 4 % - 5 . 0 7 % $ 1 6 , 0 0 0 $ 5 0 0 , 0 0 0 1 2 . 2 1 % - 1 2 . 2 7 %0 . 8 0 % 0 . 8 0 % 5 . 0 1 % - 4 . 6 2 % $ 1 2 , 0 7 3 $ 1 0 0 , 0 0 0 1 1 . 4 5 % - 1 2 . 6 5 %

Q E P s O n i y 5 . 5 3 % 5 . 5 3 % 4 . 8 2 % $ 3 0 , 5 0 0 $ 5 , 0 0 0 , 0 0 0 7 . 7 4 % - 1 4 . 6 8 %

Q E P s O n i y 3 . 4 6 % 3 . 4 6 % 4 . 6 8 % - 3 9 . 3 0 % $ 9 , 1 4 8 $ 2 , 0 0 0 , 0 0 0 3 . 3 2 % - 4 2 . 6 8 %

Q E P s O n i y 2 . 1 4 % 2 . 1 4 % 4 . 4 8 % - 1 6 . 2 4 % $ 9 0 , 0 0 0 $ 5 , 0 0 0 , 0 0 0 8 . 3 4 % - 3 1 . 5 8 %

Q E P s O n i y 1 . 6 6 % 1 . 6 6 % 4 . 3 4 % $ 1 3 , 4 0 2 $ 1 0 0 , 0 0 0 3 8 . 9 6 % - 4 2 . 2 6 %- 0 . 2 6 % - 0 . 2 6 % 4 . 3 1 % - 0 . 2 6 % $ 1 3 , 2 0 0 $ 4 0 0 , 0 0 0 1 0 . 5 2 % - 1 0 . 9 0 %

Q E P s O n i y 1 . 7 6 % 1 . 7 6 % 4 . 1 8 % $ 4 , 1 8 0 $ 1 0 0 , 0 0 0 2 5 . 4 7 % - 1 1 . 2 4 %

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

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

Q E P s O n i y - 1 . 4 5 % - 1 . 4 5 % 3 . 4 9 % - 2 . 4 3 % $ 4 1 , 5 8 7 $ 2 , 0 0 0 , 0 0 0 2 . 6 0 % - 1 2 . 0 2 %

Q E P s O n i y 3 . 7 1 % 3 . 7 1 % 3 . 0 3 % - 7 . 7 8 % $ 1 , 1 0 0 $ 1 , 0 0 0 , 0 0 0 3 . 0 3 % - 1 1 . 0 8 %3 . 4 1 % 3 . 4 1 % 3 . 0 0 % $ 0 , 2 1 0 $ 2 5 , 0 0 0 2 8 . 1 1 % - 2 0 . 6 9 %

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

Q E P s O n i y 4 . 3 4 % 4 . 3 4 % 2 . 6 3 % - 1 . 1 4 % $ 3 1 , 0 0 0 $ 5 0 0 , 0 0 0 8 . 8 1 % - 5 . 9 5 %

Q E P s O n i y - 7 . 8 6 % - 7 . 8 6 % 2 . 2 5 % - 1 5 . 0 5 % $ 2 1 0 , 0 0 0 $ 1 0 , 0 0 0 , 0 0 0 8 . 4 7 % - 3 2 . 5 1 %Q E P s O n i y 0 . 0 7 % 0 . 0 7 % 1 . 8 6 % - 1 . 8 5 % $ 7 7 , 5 5 1 $ 5 0 0 , 0 0 0 2 . 3 2 % - 8 . 9 8 %

Q E P s O n i y 0 . 6 9 % 0 . 6 9 % 1 . 5 4 % $ 3 6 , 7 4 8 $ 1 , 0 0 0 , 0 0 0 4 . 5 0 % - 2 . 4 9 %1 . 6 0 % 1 . 6 0 % 1 . 0 2 % - 0 . 7 9 % $ 9 , 4 2 5 $ 2 0 0 , 0 0 0 3 9 . 8 2 % - 1 9 . 8 9 %

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

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

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

Q E P s O n i y 0 . 8 7 % 0 . 8 7 % - 1 . 4 0 % - 1 3 . 2 5 % $ 9 , 0 0 0 $ 5 0 0 , 0 0 0 11 . 1 7 % - 2 4 . 9 2 %

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

Q E P s O n i y - 3 . 1 6 % - 3 . 1 6 % - 2 . 0 8 % - 1 9 . 8 4 % $ 2 3 , 0 0 0 $ 1 , 0 0 0 , 0 0 0 8 . 1 6 % - 2 0 . 6 7 %- 9 . 5 8 % - 9 . 5 8 % - 2 . 1 0 % - 1 1 . 8 2 % $ 2 1 , 0 8 2 $ 1 0 0 , 0 0 0 1 1 . 9 9 % - 1 1 . 8 2 %

Q E P s O n i y - 4 . 1 3 % - 4 . 1 3 % - 2 . 1 6 % - 4 . 1 3 % $ 1 6 , 6 0 0 $ 2 , 0 0 0 , 0 0 0 3 . 5 0 % - 1 2 . 1 5 %

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

Q E P s O n i y - 2 . 5 7 % - 2 . 5 7 % - 3 . 6 7 % - 3 . 7 6 % $ 2 3 , 0 3 0 $ 5 0 0 , 0 0 0 7 . 5 0 % - 11 . 6 1 %- 0 . 5 8 % - 0 . 5 8 % - 3 . 7 7 % - 3 1 . 4 1 % $ 1 , 6 0 7 $ 1 0 0 , 0 0 0 2 . 5 6 % - 3 2 . 4 6 %

Q E P s O n i y - 0 . 2 9 % - 0 . 2 9 % - 4 . 2 2 % - 4 . 9 8 % $ 2 4 1 , 0 0 0 $ 1 , 0 0 0 , 0 0 0 6 . 3 0 % - 11 . 6 2 %

Q E P s O n i y - 0 . 8 6 % - 0 . 8 6 % - 4 . 4 4 % - 1 6 . 6 3 % $ 2 7 5 , 0 6 1 $ 5 , 0 0 0 , 0 0 0 0 . 8 5 % - 1 6 . 6 3 %

166.78.191.124/foremost_altemati ve/RankingReport.php?sort_by=4&for=2020-02-12&type= &desc= 1 2 / 4

2 / 1 2 / 2 0 2 0 C T A R a n k i n g R e p o r t s

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

Month lyR e t u r n

Y T D R e t u r n^^12

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 i M - r e f

Compound9 7 Eckhardt Trading Co - Evolution 1.2X 4 . 2 0 % 4 . 2 0 % - 4 . 4 9 % - 1 0 . 4 1 % $9,800 $20,000,000 1 5 . 2 6 % - 4 0 . 3 9 %

9 8 Alder Capital DAC - Alder Capital 20 2 . 8 7 % 2 . 8 7 % - 4 . 5 8 % - 1 8 . 3 1 % $134,000 $5,000,000 4 . 9 3 % - 2 8 . 6 6 %

9 9 Auspice Capital Advisors - Diversified QEPs Only - 2 . 0 6 % - 2 . 0 6 % - 4 . 7 2 % - 2 4 . 0 5 % $6,956 $2,000,000 0 . 4 5 % - 2 6 . 0 5 %

1 0 0 Algorithmic Futures, Inc. - Tandem 0 . 0 3 % 0 . 0 3 % - 4 . 8 8 % - 9 . 4 5 % $0,192 $50,000 - 5 . 3 1 % - 9 . 5 0 %

1 0 1 Tomas Capital - GCAF | USD QEPs Only - 0 . 7 8 % - 0 . 7 8 % - 4 . 8 8 % - 6 3 . 0 3 % $0,540 $1 ,500 ,000 - 3 . 3 0 % - 6 5 . 8 2 %

1 0 2 Paskewitz Asset Mgt - Multi-Strategy Fut QEPs Only - 0 . 5 6 % - 0 . 5 6 % - 5 . 1 4 % - 4 2 . 9 3 % $16,000 $3,000,000 - 3 . 6 7 % - 4 2 . 9 3 %

1 0 3 Kinkopf Capital Mgt, LLC - S&P SELECT - 1 0 . 5 6 % - 1 0 . 5 6 % - 6 . 4 6 % - 2 0 . 1 5 % $0,046 $25,000 - 4 . 8 6 % - 2 1 . 8 7 %

1 0 4 Urban Tree Capital - UTC Plus 3 . 1 4 % 3 . 1 4 % - 6 . 5 7 % - 1 0 . 3 5 % $0,561 $100,000 3 . 0 1 % - 1 3 . 7 8 %

1 0 5 Pearl Capital Advisors - Peart Hedged VIX QEPs Only - 1 . 7 8 % - 1 . 7 8 % - 7 . 2 4 % - 1 4 . 8 3 % $12,900 $500,000 6 . 2 4 % - 1 6 . 4 6 %

1 0 6 Sector Arc - Global Lean Hog Ag 0 . 5 6 % 0 . 5 6 % - 7 . 9 1 % - 7 . 9 1 % $5,700 $250,000 6 . 3 3 % - 8 . 4 2 %

1 0 7 M&R Capital LLC - Livestock - 8 . 8 0 % - 8 . 8 0 % - 8 . 1 9 % - 1 2 . 1 3 % S 5 3 . 5 8 3 $100,000 1 8 . 8 5 % - 2 3 . 3 8 %

1 0 8 Greenwave Capital - Flagship Plus 2X QEPs Only - 0 . 2 6 % - 0 . 2 6 % - 8 . 2 3 % - 9 . 7 6 % $ 2 4 1 , 0 0 0 $300,000 0 . 0 4 % - 1 0 . 7 7 %

1 0 9 Aventis Asset Mgt - DIv. Commodity QEPs Only - 8 . 5 4 % - 8 . 5 4 % - 8 . 5 4 % - 2 7 . 0 1 % $ 5 2 , 0 0 0 $8 ,000 ,000 5 . 2 8 % - 2 7 . 0 1 %

1 1 0 Mobius /tsset Mgt - X-Ceed - 0 . 9 5 % - 0 . 9 5 % - 8 . 9 9 % - 2 9 . 8 1 % $1,750 $150,000 - 4 . 6 9 % - 2 9 . 8 1 %

1 1 1 Auspice Capital Advisors - Cmdy Index QEPs Only - 5 . 3 6 % - 5 . 3 6 % - 9 . 8 3 % - 3 9 . 4 7 % C $ 4 7 , 1 6 6 C$1,000,000 - 2 . 1 2 % - 3 9 . 4 7 %

1 1 2 Auspice Capital Advisors - MP Index QEPs Only - 3 . 3 7 % - 3 . 3 7 % - 1 0 . 6 0 % - 2 1 . 0 0 % C$1,739 C$1,000,000 0 . 2 9 % - 2 3 . 3 3 %

1 1 3 DItsch Trading LLC - Discretionary - 1 . 5 5 % - 1 . 5 5 % - 1 1 . 1 4 % - 4 8 . 4 9 % $1,642 $100,000 2 . 6 2 % - 4 9 . 3 4 %

1 1 4 AIS Capital Mgt - MAAP (2X - 4X) QEPs Only - 8 . 3 5 % - 8 . 3 5 % - 1 1 . 6 8 % - 7 7 . 5 0 % $5,868 $3,000,000 3 . 8 5 % - 7 8 . 0 0 %

1 1 5 2Pixels Capital Mgt - Index Option - 5 . 0 0 % - 5 . 0 0 % - 1 2 . 4 3 % - 5 5 . 4 6 % $0,504 $25,000 - 1 5 . 0 7 % - 6 8 . 3 5 %

1 1 6 Caerus Group, LLC - Oil Futures Trading Prg - 8 . 6 4 % - 8 . 6 4 % - 1 2 . 8 4 % - 1 2 . 8 4 % $0,446 $200,000 - 6 . 9 1 % - 1 2 . 8 4 %

1 1 7 S o u t h w e s t M a n . I n v. - G l o b a l D i v. - 6 . 2 9 % - 6 . 2 9 % - 1 3 . 3 9 % - 2 1 . 3 0 % $7,765 $200,000 4 . 7 3 % - 3 2 . 7 9 %

1 1 8 Blackheath Fund Mgt - Tactical PI QEPs Only 0 . 7 6 % 0 . 7 6 % - 1 5 . 3 2 % - 1 9 . 4 7 % $3,980 $50,000 1 1 . 0 0 % - 2 3 . 4 5 %

1 1 9 Opus Futures, LLC - Advanced Ag 1 . 5 0 % 1 . 5 0 % - 1 7 . 9 2 % - 2 4 . 5 0 % $23,726 $100,000 4 . 9 6 % - 5 0 . 6 2 %

1 2 0 Sandpiper - Global Macro QEPs Only - 8 . 5 3 % - 8 . 5 3 % - 3 0 . 8 9 % - 3 3 . 1 5 % $12,000 $1,000,000 1 . 4 5 % - 3 3 . 1 5 %

This Report May be sorted by Monthly Return, YTD 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 | (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 constantg 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 SHOULDTHEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN UGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSUREYOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA'S CURRENT DISCLOSURE DOCUMENT BEFOREI 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.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS ANDADVISORY 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. NO

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2 / 1 2 / 2 0 2 0 C T A R a n k i n g R e p o r t s

CONSIDERATION 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

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

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

T 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

E-mail lnfo@roremostcm.com * Web Address http://www.foremostcm,com

1 6 6 . 7 8 . 1 9 1 . 1 2 4 / f o r e m o s t _ a l t e m a l i v e / R a n k i n g R e p o n . p h p ? s o r t _ b y = 4 & f o r = 2 0 2 0 - 0 2 - 1 2 & t y p e = & d e s c = l 4 / 4