Trend Following Strategy Index for April 2017

Rank	CTA / Program	Performance	Inception
1	Glenhaven Capital LLC Glenhaven Global II LP	7.52	4/1/2012
2	Katonah EvE LLC Long-Short Commodity Program	5.20	6/1/2013
3	Qbasis Invest Qbasis i Trend Fund	4.07	1/1/2014
4	Quantum Leap Capital Management Managed Account Program	3.42	8/1/2006
5	Quantica Capital AG 2X Quantica Managed Futures Fund	3.30	1/1/2014
6	Katonah EvE LLC Multi-Strategy Program	2.59	5/1/2014
7	Angle Capital Management LLC AIP Program	1.78	1/1/2010
8	Sona Trading Strategies LLC. Diversified Program	1.71	9/1/2006
9	Quantica Capital AG 1X Quantica Managed Futures Fund	1.60	1/1/2014
10	SinoPac Asset Management SinoPac Multi Strategy Quant Fund	1.57	10/1/2009
11	Campbell & Company, LP Campbell Managed Futures Representative Account (f/k/a FME Large)	1.52	1/1/2014
12	Tomas Capital Pty Ltd GCAF \| AUD (managed by Tomas Capital Australia Pty Ltd)	1.50	7/1/2011
13	EMC Capital Advisors, LLC EMC Alpha Program	1.49	6/1/2013
14	Dixon Midland Company LLC Dixon Midland Diversified LLC	1.16	5/1/2011
15	Insch Capital Management SA Interbank Currency Program - 3X Leverage	1.11	1/1/2000
16	Campbell & Company, LP Trend Following Portfolio	0.89	10/1/2009
17	Purple Valley Capital, Inc. Diversified Trend 1	0.86	8/1/2008
18	Garraway Capital Management LLP Garraway Financial Trends	0.86	9/1/2012
19	Cauldron Investments, LLC Stock Index Plus	0.78	10/1/2009
20	Seven Capital Management Seven Absolute Return	0.45	6/1/2009
21	Talenta Capital LLP Diversified	0.45	6/1/2014
22	Vivienne Investissement OUESSANT UCITS FUND (A)	0.44	5/1/2012
23	Helford Capital Partners LLP Helford Diversified Systematic Alpha 1	0.42	4/1/2015
24	Prolific Capital Markets, LLC Prolific Swiss System	0.38	1/1/2014
25	SEB Group SEB Asset Selection Opportunistic Fund C (EUR)	0.27	6/1/2009
26	Estlander & Partners Alpha Trend II - Class P	0.25	12/1/2008
27	SEB Group SEB Asset Selection Fund C (EUR)	0.06	10/1/2006
28	DUNN Capital Management DUNN WMA Institutional Program	-0.08	10/1/2011
29	ROW Asset Managment Row Diversified Fund, L.P.	-0.10	11/1/2011
30	ISAM ISAM Systematic Trend Fund	-0.10	6/1/2001
31	Conquest Capital Group Conquest Select	-0.13	6/1/2004
32	Melissinos Trading Eupatrid Global Trends	-0.18	1/1/2011
33	Chesapeake Capital Diversified Plus	-0.27	4/1/1994
34	Estlander & Partners Freedom	-0.34	8/1/2010
35	Salus Alpha Capital Ltd Salus Alpha Directional Markets (DMX)	-0.36	3/1/2003
36	Millburn Ridgefield Corporation Commodity Program	-0.89	3/1/2005
37	Dreiss Research Corporation Diversified Program	-1.02	5/1/1991
38	Eclipse Capital Management Alpha Asia	-1.22	1/1/2015
39	Deep Field Capital AG SINGULARITY Fund	-1.53	9/1/2011
40	Superfund Group Superfund Red USD SICAV	-1.62	3/1/2013
41	Covenant Capital Management Optimal Program	-1.72	2/1/2014
42	Superfund Group Superfund Red EUR SICAV	-1.73	3/1/2013
43	Conquest Capital Group Conquest Macro	-1.90	5/1/1999
44	Candriam Investors Group Alternative Return Systemat	-2.51	1/1/2007
45	Alee Capital Management, LLC Mistral Program	-2.59	1/1/1999
46	Alee Capital Management, LLC Poniente Program	-2.72	1/1/1999
47	Deep Field Capital AG SINGULARITY Fund (2x)	-2.98	8/1/2014
48	Independent View IV Quantitative Futures Fund	-3.21	11/1/2012
49	Worldwide Capital Strategies Profit Quest Macro World	-8.15	1/1/2010