Managed Programs 
Kottke-Willis Enhanced
The Kottke-Willis Enhanced Program is a technically based futures trading program.  The program utilizes proprietary trading models which incorporate volume, market velocity, and advanced pattern recognition elements to establish positions in areas of retracement within a trend.  The program places a heavy emphasis on risk control.  Exposure to adverse price action is reduced by limiting trade duration to predictable time frames (generally 2-7 days).  Options are used to minimize risk when they offer superior risk/reward scenarios to the underlying futures markets.  The program is diversified across 8 sectors (Grains, Softs, Meats, Energies, Currencies, Fixed income, and Stock Indexes).  The Kottke-Willis Enhanced Managed Program provides proven returns with low correlation to other technical trading programs.
Start to date: 77.8% Sharpe Ratio: 1.59 Trailing 12 Months: 21.1%
Disclaimer: There is risk of loss in futures and options trading.  Past performance is not necessarily indicative of future results.  Barclay Systematic Index VAMI (Value Added Index) is a CTA Trend following benchmark provided by Managed Account Reports LLC.
Performance Record Monthly Return Statistics
       
Month Willis S&P  Barclay Willis S&P 500 Barclay
Ending Returns 500 Index** Winning Months: 31 24 23
    Losing Months: 10 17 18
10/31/08 0.76% -16.94% 4.03% % of profitable Months: 75.6% 58.5% 56.1%
9/30/08 2.14% -9.08% 1.88% Average Winning Months: 2.4% 2.1% 2.2%
8/31/08 2.29% 1.22% -0.01% Average Losing Months: -1.4% -3.8% -1.2%
7/31/08 0.58% -0.99% -3.40% Max peak-to-valley (%): -6.1% -37.5% -5.2%
6/30/08 2.37% -8.60% 2.27% Max peak-to-valley (mths): 10 12 16
5/31/08 0.85% 4.75% 1.31% Annual Sharpe Ratio: 1.59 -0.53 0.64
4/30/08 0.93% 4.75% -0.88% Monthly Std.Dev. of returns: 2.4% 4.2% 2.1%
3/31/08 3.60% -0.60% -1.15% Correlation with S&P 500: 0.033 1.000 -0.213
2/29/08 6.81% -3.48% 6.41% Correlation with Barclay: 0.273 -0.213 1.000
1/31/08 -2.97% -6.12% 2.72% Minimum Investment: $800,000 USD
12/31/07 0.34% -0.86% 1.03%
11/30/07 1.89% -4.40% 0.92%
10/31/07 2.36% 1.48% 2.42%
9/30/07 4.45% 3.58% 4.50%
8/31/07 -2.02% 1.29% -2.11%  Contact: Carmen Soldato
7/31/07 -1.38% -3.20% -1.14%  Kottke  Associates, LLC
6/30/07 1.73% -1.78% 1.78%  141 W. Jackson Blvd., Suite 1220
5/31/07 0.05% 3.26% 1.43%  Chicago, Illinois 60604
4/30/07 0.92% 4.33% 2.16%  csoldato@kottkeassociates.com
System Began Trading: Jun-2005 www.kottkeassociates.com  (312) 697-2995
** The Barclay Systematic Index performance for October 08 is an estimate as of 11/11/08; with only 71.28% 
of funds in this category having reported their returns.
CME, CBOT & NYMEX Clearing Member Firm. FCM/ CTA/ CPO NFA Member. © 2002 - 2008 Kottke Associates, LLC