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Performance Awards

Tuttle Tactical Management Earns PSN Top Gun Awards

Please review this disclaimer to fully understand how these awards were achieved.

2013 - 4th Quarter PSN Top Gun Awards

  • Momentum-Core 1 Star ETF Global Balanced Universe
  • Momentum-Core 2 Stars ETF Global Balanced Universe
  • Momentum-Core 1 Star Global / Intl Balanced Universe
  • Momentum-Core 2 Stars Global / Intl Balanced Universe
  • Momentum-Growth 1 Star ETF Global Balanced Universe
  • Momentum-Growth 2 Stars ETF Global Balanced Universe
  • Momentum-Growth 1 Star Global / Intl Balanced Universe
  • Momentum-Growth 2 Stars Global / Intl Balanced Universe
  • Momentum-Abs Return 1 Star Global / Intl Balanced Universe

2013 - 3rd Quarter PSN Top Gun Awards

  • Momentum-Core 1 Star ETF Global Balanced Universe
  • Momentum-Core 1 Star Global / Intl Balanced Universe
  • Momentum-Growth 1 Star ETF Global Balanced Universe
  • Momentum-Growth 2 Stars ETF Global Balanced Universe
  • Momentum-Growth 1 Star Global / Intl Balanced Universe
  • Momentum-Growth 2 Stars Global / Intl Balanced Universe

2013 - 2nd Quarter PSN Top Gun Awards

  • Trend Aggregation-Income 1 Star Global Fixed Income

2013 - 1st Quarter PSN Top Gun Awards

  • Momentum- Income 1 Star Global Fixed Income Universe
  • Trend Aggregation- Income 1 Star Global Fixed Income Universe
  • Trend Aggregation- Absolute Return 1 Star Global / Intl Balanced Universe
  • Trend Aggregation- Core 1 Star ETF Global Balanced Universe
  • Trend Aggregation- Core 1 Star Global / Intl Balanced Universe
  • Momentum- Core 1 Star ETF Global Balanced Universe
  • Momentum- Core 1 Star Global / Intl Balanced Universe
  • Momentum- Growth 1 Star ETF Global Balanced Universe
  • Momentum- Growth 1 Star Global / Intl Balanced Universe
  • Momentum- Absolute Return 1 Star ETF Global Balanced Universe
  • Momentum- Absolute Return 1 Star Global / Intl Balanced Universe

LIPPER MARKETPLACE

TTM Strategies in the Lipper Top 20 Money Managers List

Please review this disclaimer to fully understand how these awards were achieved.

2013 - 2nd Quarter Lipper Marketplace Awards

  • Momentum- Core–Number 3 US Tactical Asset Allocation Category
  • Trend Aggregation- Low Volatility–Number 4 US Tactical Asset Allocation Category
  • Trend Aggregation- Core—Number 6 US Tactical Asset Allocation Category
  • Trend Aggregation- Income—Number 7 International Fixed Income Category
  • Momentum Income–Number 8 International Fixed Income Category

 

Important Information

Tuttle Tactical Management (TTM) is an SEC-Registered Investment Adviser. You should not assume that any discussion or information presented here serves as the receipt of, or as a substitute for, personalized investment advice from TTM. The information presented herein is for informational purposes only and is not intended, and shall not constitute, a solicitation or offering of securities in any jurisdiction or any of the investments mentioned therein. Past performance is no guarantee of future results. Future economic and market conditions may not reflect past conditions and may have an adverse effect on performance. Results reflect the reinvestment of dividends and other earnings. Performance is net of all management and brokerage fees. TTM’s sub-advisory asset management fee is currently 47 basis points. Accounts are also charged advisory fees, in addition to the sub advisory fee, that will vary by adviser.

Strategies or investments of the type described herein involve risk and the value of such strategies or investments may be volatile. Such risks include, without limitation, risk of adverse or unanticipated market developments, risk of counterparty or issuer default, risk of adverse events involving any underlying reference obligation or entity and risk of illiquidity. In certain transactions, counterparties may lose their investment or incur an unlimited loss.

Some of the strategies can utilize leveraged index products. Leveraged ETFs are considered risky. The use of leveraged strategies by a fund increases the risk to the fund and magnifies gains or losses on the investment. You could incur significant losses even if the long-term performance of the underlying index showed a gain. Most leveraged ETFs “reset” daily. Due to the effect of compounding, their performance over longer periods of time can differ significantly from the performance of their underlying index or benchmark during the same period of time. This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described herein.
Performance Reporting Methodology

The preceding strategy performance information illustrates the total return, including reinvestment of all dividends and net of all fees, of TTM’s investment strategies. The disclosures below set out which part of returns are backtested, which returns are generated from single accounts, and which returns are generated from strategy composites. It also highlights what part of the performance is attributable to a prior firm.
Backtested Results

Prior to (6/1/09 – Trend Aggregation: Income), (3/1/10 – Trend Aggregation: Absolute Return), (7/1/09 – Trend Aggregation: Core), (6/1/10 – Trend Aggregation: Growth), (9/1/09 – Trend Aggregation: Low Volatility), (6/1/10 – Alpha), (8/1/09 – 500), (6/1/09 – NASDAQ), (7/1/11 – Trend Aggregation: All Asset, Trend Aggregation: Opportunity, and Momentum: Core), (1/1/11 – Momentum: Growth, Momentum: Low Volatility, Momentum: Absolute Return, and Momentum: Opportunity), and (7/1/2012 – Momentum: Income) the results are hypothetical and are generated using TradersStudio® software managed according to the dictates of the programs and net of a 1.85% annual fee. TTM’s current sub-advisory fee is 47 basis points. Advisers will also charge fees in addition to that so the actual fee of each account could vary.

Backtested performance is NOT an indicator of future actual results. There are limitations inherent in hypothetical results particularly that the performance results do not represent the results of actual trading using client assets, but were achieved by means of retroactive application of a backtested model that was designed with the benefit of hindsight. The results reflect performance of a strategy not historically offered to investors and do NOT represent returns that any investor actually attained.

Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses.

General assumptions include: TTM would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only.

Backtested performance is developed with the benefit of hindsight and has inherent limitations.

Specifically, backtested results do not reflect actual trading, or the effect of material economic and market factors on the decision making process, or the skill of the adviser. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance.

Prior Firm Performance

Performance prior to September 1, 2012 is attributable to Tuttle Wealth Management, LLC (TWM), an SEC-Registered Investment Adviser and affiliate of TTM. The sole portfolio manager of TTM, Matthew B. Tuttle, was the sole portfolio manager of TWM during the entire period reflected by the performance data and was responsible for achieving the performance results. All tactical strategies presented are managed identically to those strategies as managed by TWM.

Material Changes

True tactical asset allocation also involves changing strategy methodologies. Since we have made significant improvements to the strategies since inception the backtested results reflected older configurations. On 8/31/13 the backtested results were revised to reflect the strategies as they were constituted.

Actual Results

From the first live trading date through 6/30/13 any actual performance shown is that of single accounts managed according to the dictates of the strategies. Other accounts are excluded to prevent additions, withdrawals and client mandated customizations from biasing the performance presentation. However, actual client accounts are not insulated from these factors. Therefore actual client accounts may have experienced investment results during the corresponding time periods that were materially different from those portrayed in the model. Account statements for the single account for the period are available for inspection at our offices upon request. Since 6/30/13 performance results are derived from a composite of client accounts that are managed according to the respective strategies.

Benchmarks

For comparison the return of the Standard & Poor’s 500 Index and/or the Barclays Aggregate Bond Index, both indices including reinvestment of dividends, is shown for the same time period. The S&P 500 was used for comparison purposes as it represents a sample of the 500 leading companies in leading industries of the U.S economy. It is generally considered a proxy for the total market. The Barclays Aggregate Bond Index represents a number of different bond sectors and it is generally considered a proxy for the bond market. Strategy benchmarks are the S&P 500 Index, the Barclays Aggregate Bond Index, or an S&P 500/Barclays Aggregate Bond Index blend.