Option Strategy Index for December 2016

Rank	CTA / Program	Performance	Inception
1	Bluenose Capital Management, LLC BNC CL	4.38	12/1/2013
2	Blackheath Fund Management Inc. Tactical FI Strategy	3.39	10/1/2011
3	Crescendo Capital Management Neutron Decay (Client)	1.93	7/1/2012
4	Buckingham Global Advisors, LLC Weekly Emini Program	1.78	3/1/2015
5	Non Correlated Capital Positive Theta Fund	1.56	10/1/2007
6	Non Correlated Capital Positive Theta Program	1.46	10/1/2007
7	Warrington Asset Management Tactical Program Client	0.92	2/1/2015
8	Carbide Capital Inc. Carbide Absolute Return Program	0.87	9/1/2014
9	Warrington Asset Management Warrington Strategic Program	0.62	1/1/1997
10	Intex Capital Covered Options Program	0.56	1/1/2012
11	Salona Capital LLC ACP	0.37	1/1/2015
12	GNE Management, LLC S&P Futures and Options Strategy (Client)	0.35	12/1/2013
13	Bluenose Capital Management, LLC BNC BI	0.28	10/1/2008
14	Salona Capital LLC SSI	0.27	11/1/2014
15	Salona Capital LLC ACP2	0.20	11/1/2014
16	LJM Partners LJM Moderately Aggressive Strategy	0.13	4/1/2003
17	Trading Study SPK – E-Mini S&P 500 Option	0.10	10/1/2009
18	Hansa Capital Management, LLC Hansa Capital Management LLC, CTA Managed Accounts - Long / Short Option Trading Strategy	0.00	6/1/2014
19	LJM Partners LJM Preservation & Growth Strategy	-0.09	5/1/2006
20	Hansa Capital Management, LLC Hansa Investment & Trading, LLC - Long / Short Option Trading Strategy	-0.48	6/1/2012
21	Bluenose Capital Management, LLC BNC EI	-0.60	7/1/2010
22	Gregory P Asset Management LLC Low Volatility Income Strategy	-0.72	5/1/2015
23	Tianyou Asset Management, LLC Tianyou Trading Strategy	-0.82	10/1/2012