Simulated Performance for Tower Research Capital LLC (TRC)
| Reporting Period | Quarterly Simulated Performance | Quarterly Hit Rate | Annual Simulated Performance | Annual Hit Rate | Annual Simulated Performance Decile | Annual Simulated Performance Hedge Funds Decile | Annual Simulated Performance Quant Decile | Annual Simulated Performance Fundamental Decile |
|---|---|---|---|---|---|---|---|---|
| June 30, 2013 | 9.23 % | 0.73 | 23.50 % | 0.78 | 5 | 4 | 3 | |
| Sept. 30, 2013 | 10.17 % | 0.71 | 15.04 % | 0.62 | 5 | 6 | 5 | |
| Dec. 31, 2013 | 3.44 % | 0.57 | 7.64 % | 0.55 | 4 | 5 | 3 | |
| March 31, 2014 | 4.79 % | 0.58 | 4.54 % | 0.54 | 3 | 4 | 2 | |
| June 30, 2014 | -4.77 % | 0.31 | 2.36 % | 0.51 | 4 | 4 | 2 | |
| Sept. 30, 2014 | 5.50 % | 0.63 | -0.58 % | 0.45 | 7 | 7 | 9 | |
| Dec. 31, 2014 | 1.95 % | 0.55 | -8.71 % | 0.41 | 3 | 3 | 1 | |
| March 31, 2015 | 1.11 % | 0.49 | -7.92 % | 0.38 | 3 | 6 | 3 | |
| June 30, 2015 | -15.18 % | 0.22 | -7.38 % | 0.39 | 3 | 6 | 3 | |
| Sept. 30, 2015 | 2.23 % | 0.57 | 17.07 % | 0.65 | 8 | 8 | 10 | |
| Dec. 31, 2015 | 1.12 % | 0.49 | 21.28 % | 0.70 | 9 | 9 | 10 | |
| March 31, 2016 | 2.51 % | 0.58 | 20.65 % | 0.73 | 8 | 6 | 9 | |
| June 30, 2016 | 6.16 % | 0.69 | 21.28 % | 0.72 | 8 | 5 | 8 | |
| Sept. 30, 2016 | 4.00 % | 0.59 | 16.15 % | 0.68 | 5 | 4 | 4 | |
| Dec. 31, 2016 | 5.11 % | 0.59 | 19.92 % | 0.65 | 6 | 5 | 6 | |
| March 31, 2017 | 1.26 % | 0.55 | 11.71 % | 0.60 | 5 | 5 | 4 | |
| June 30, 2017 | 6.06 % | 0.64 | 18.39 % | 0.62 | 8 | 6 | 9 | |
| Sept. 30, 2017 | 4.42 % | 0.58 | 12.56 % | 0.59 | 4 | 5 | 4 | |
| Dec. 31, 2017 | -0.03 % | 0.43 | -6.97 % | 0.29 | 5 | 7 | 9 | |
| March 31, 2018 | 4.40 % | 0.64 | 6.13 % | 0.51 | 3 | 5 | 3 | |
| June 30, 2018 | 6.84 % | 0.55 | 8.89 % | 0.46 | 6 | 8 | 10 | |
| Sept. 30, 2018 | -15.72 % | 0.13 | -0.38 % | 0.42 | 4 | 6 | 5 | |
| Dec. 31, 2018 | 14.29 % | 0.83 | 28.11 % | 0.74 | 4 | 5 | 6 | |
| March 31, 2019 | 3.21 % | 0.56 | -15.73 % | 0.18 | 4 | 6 | 7 | |
| June 30, 2019 | -0.72 % | 0.48 | -5.66 % | 0.34 | 3 | 4 | 2 | |
| Sept. 30, 2019 | 9.44 % | 0.71 | 11.70 % | 0.42 | 5 | 5 | 6 | |
| Dec. 31, 2019 | -28.67 % | 0.07 | 22.70 % | 0.50 | 7 | 6 | 7 | |
| March 31, 2020 | 24.93 % | 0.88 | 81.32 % | 0.94 | 8 | 6 | 7 | |
| June 30, 2020 | 7.25 % | 0.52 | 52.45 % | 0.86 | 8 | 6 | 7 | |
| Sept. 30, 2020 | 23.71 % | 0.85 | 43.93 % | 0.81 | 9 | 7 | 10 | |
| Dec. 31, 2020 | 10.12 % | 0.73 | 24.10 % | 0.64 | 5 | 7 | 8 | |
| March 31, 2021 | 7.98 % | 0.60 | 11.72 % | 0.46 | 5 | 8 | 10 | |
| June 30, 2021 | -0.61 % | 0.38 | -15.27 % | 0.22 | 4 | 7 | 6 | |
| Sept. 30, 2021 | 9.06 % | 0.50 | -18.58 % | 0.21 | 5 | 7 | 5 | |
| Dec. 31, 2021 | -6.14 % | 0.35 | -21.24 % | 0.27 | 4 | 5 | 2 | |
| March 31, 2022 | -17.88 % | 0.16 | -8.16 % | 0.32 | 5 | 6 | 4 | |
| June 30, 2022 | -4.44 % | 0.40 | 20.89 % | 0.51 | 8 | 7 | 10 | |
| Sept. 30, 2022 | 5.64 % | 0.60 | 24.00 % | 0.53 | 8 | 8 | 10 | |
| Dec. 31, 2022 | 11.07 % | 0.54 | 30.78 % | 0.56 | 8 | 7 | 10 | |
| March 31, 2023 | 8.19 % | 0.53 | 31.88 % | 0.57 | 8 | 7 | 10 | |
| June 30, 2023 | -3.79 % | 0.36 | 18.77 % | 0.50 | 6 | 7 | 8 | |
| Sept. 30, 2023 | 12.71 % | 0.69 | 34.38 % | 0.64 | 7 | 7 | 9 | |
| Dec. 31, 2023 | 9.69 % | 0.54 | 23.63 % | 0.51 | 7 | 7 | 9 | |
| March 31, 2024 | 4.06 % | 0.38 | 6.74 % | 0.44 | 5 | 7 | 9 | |
| June 30, 2024 | 5.77 % | 0.63 | 13.83 % | 0.54 | 6 | 5 | 5 | |
| Sept. 30, 2024 | -0.11 % | 0.47 | 14.91 % | 0.52 | 6 | 5 | 5 | |
| Dec. 31, 2024 | -5.23 % | 0.32 | 18.46 % | 0.51 | 7 | 6 | 7 | |
| March 31, 2025 | 11.01 % | 0.60 | - | - | ||||
| June 30, 2025 | 9.34 % | 0.62 | - | - | ||||
| Sept. 30, 2025 | 1.30 % | 0.47 | - | - | ||||
| Dec. 31, 2025 | - | - | - | - |