P500 Compounded ROR 17.9% 8.2% -1.6% -2.3% Mean Return (Monthly) 1.4% 0.7% -0.1% -0.2% 0/0 of Positive Months 68.4% 60.7% 52.1% 58.1% Months Sphera outperformed index when index declined 97.8% 94.5% 91.7% Months Sphera outperformed index when index gained 18.1% 19.4% 59.4% Annualized Stan