Fintuitive

Simulated Performance for BOOTHBAY FUND MANAGEMENT, LLC

Performance Trend (13F securities)

Reporting Period	Quarterly Simulated Performance	Quarterly Hit Rate	Annual Simulated Performance	Annual Hit Rate
Dec. 31, 2014	1.75 %	0.58	-4.47 %	0.43
March 31, 2015	2.52 %	0.51	-7.53 %	0.37
June 30, 2015	-	-	-	-
Sept. 30, 2015	4.01 %	0.63	17.90 %	0.67
Dec. 31, 2015	-0.47 %	0.50	18.89 %	0.70
March 31, 2016	3.58 %	0.59	23.54 %	0.79
June 30, 2016	8.99 %	0.69	22.32 %	0.75
Sept. 30, 2016	2.97 %	0.59	13.83 %	0.71
Dec. 31, 2016	5.55 %	0.64	16.60 %	0.69
March 31, 2017	0.90 %	0.55	12.21 %	0.61
June 30, 2017	6.38 %	0.70	16.87 %	0.67
Sept. 30, 2017	3.95 %	0.66	14.57 %	0.64
Dec. 31, 2017	-0.25 %	0.42	-6.28 %	0.34
March 31, 2018	5.86 %	0.67	6.92 %	0.57
June 30, 2018	1.52 %	0.59	2.03 %	0.49
Sept. 30, 2018	-13.45 %	0.16	-2.00 %	0.45
Dec. 31, 2018	10.08 %	0.84	16.36 %	0.75
March 31, 2019	1.51 %	0.56	-8.79 %	0.26
June 30, 2019	0.95 %	0.50	8.40 %	0.43
Sept. 30, 2019	8.68 %	0.77	17.72 %	0.55
Dec. 31, 2019	-14.93 %	0.10	52.98 %	0.59
March 31, 2020	32.71 %	0.88	77.58 %	0.91
June 30, 2020	10.15 %	0.58	50.33 %	0.85
Sept. 30, 2020	30.72 %	0.88	32.27 %	0.78
Dec. 31, 2020	5.33 %	0.61	11.02 %	0.58
March 31, 2021	9.09 %	0.64	1.81 %	0.44
June 30, 2021	-2.09 %	0.39	-17.35 %	0.21
Sept. 30, 2021	6.50 %	0.57	-15.28 %	0.27
Dec. 31, 2021	-2.00 %	0.37	-13.22 %	0.36
March 31, 2022	-9.13 %	0.22	-8.38 %	0.42
June 30, 2022	-2.63 %	0.54	5.40 %	0.62
Sept. 30, 2022	5.48 %	0.73	7.79 %	0.66
Dec. 31, 2022	1.65 %	0.63	7.53 %	0.63
March 31, 2023	2.89 %	0.64	10.97 %	0.65
June 30, 2023	-2.10 %	0.41	8.27 %	0.58
Sept. 30, 2023	7.46 %	0.76	16.16 %	0.70
Dec. 31, 2023	6.58 %	0.63	8.57 %	0.56
March 31, 2024	-1.85 %	0.42	1.53 %	0.50
June 30, 2024	6.28 %	0.69	14.39 %	0.59
Sept. 30, 2024	2.06 %	0.50	17.75 %	0.56
Dec. 31, 2024	-6.15 %	0.34	-	-
March 31, 2025	14.16 %	0.66	-	-
June 30, 2025	13.04 %	0.63	-	-
Sept. 30, 2025	-	-	-	-