Performance – Monolith Investment Management

Monolith vs reference index

Monolith (monthly returns in %)

year	jan	feb	mar	apr	may	jun	jul	aug	sept	oct	nov	dec	year	cum.
2006											1.3	2.0	3.3	3.3
2007	4.9	4.5	2.4	1.7	3.1	-0.3	-0.4	1.4	-1.8	-3.1	-2.3	1.9	12.2	15.9
2008	-12.0	10.5	1.9	1.8	3.4	-9.8	-3.8	1.1	-7.5	-18.9	-8.0	-7.2	-41.4	-32.1
2009	0.2	-8.2	2.4	11.0	3.5	-4.2	5.7	11.7	13.4	3.1	10.9	11.0	76.0	19.5
2010	-0.6	-1.7	2.3	3.2	-0.3	2.2	3.6	-2.6	5.1	0.9	13.2	3.6	32.1	57.8
2011	-2.8	3.8	2.6	0.3	2.1	-3.4	-3.8	-3.1	-7.1	4.8	-4.1	1.8	-9.3	43.2
2012	2.2	11.1	-0.7	1.7	-5.1	-1.4	0.1	-0.5	5.0	0.2	3.2	4.1	20.9	73.1
2013	2.6	1.2	-0.2	5.5	-4.8	-2.4	2.4	1.1	7.5	5.1	0.7	1.5	21.4	110.1
2014	0.2	2.8	-0.6	3.5	3.3	0.0	-2.8	-1.6	2.2	-2.0	-1.3	0.8	4.4	119.4
2015	6.8	5.8	1.3	1.5	-1.2	-2.9	6.7	-4.9	-4.6	5.6	0.8	1.0	15.9	154.3
2016	-3.1	-1.1	2.7	0.5	1.1	-1.7	1.9	0.7	-4.6	-3.3	1.6	2.8	-3.0	146.8
2017	3.3	4.4	3.3	6.8	3.3	2.1	-2.5	-3.3	-1.4	0.8	3.2	2.3	24.1	206.2
2018	3.0	-3.4	-3.0	2.6	5.5	-0.4	0.6	-5.7	-4.5	-8.8	-10.8	-8.1	-29.5	115.8
2019	4.5	3.0	-2.2	12.6	-4.8	1.3	-5.2	-4.7	7.3	-0.3	3.9	1.1	16.0	150.5
2020	0.2	-9.4	-25.8	13.3	8.3	1.9	-0.9	9.2	1.9	-4.9	17.2	-0.7	2.9	157.6
2021	4.3	2.7	4.2	5.0	1.7	0.5	5.0	10.3	-4.0	1.8	-1.1	4.4	40.0	260.7
2022	-5.3	-3.5	-0.4	-1.0	0.7	-4.5	0.9	-2.6	-8.4	2.5	6.2		-15.1	206.2

Monolith (end-of-month net asset value)

year	jan	feb	mar	apr	may	jun	jul	aug	sept	oct	nov	dec
2006										50.00	50.64	51.65
2007	54.17	56.62	57.96	58.92	60.75	60.58	60.36	61.19	60.09	58.25	56.89	57.96
2008	50.99	56.33	57.41	58.45	60.42	54.47	52.39	52.98	49.00	39.76	36.59	33.95
2009	34.01	31.22	31.96	35.49	36.73	35.17	37.17	41.53	47.11	48.57	53.84	59.75
2010	59.41	58.41	59.73	61.67	61.49	62.84	65.10	63.43	66.68	67.30	76.17	78.90
2011	76.73	79.67	81.72	81.94	83.64	80.81	77.72	75.31	69.99	73.32	70.32	71.59
2012	73.19	81.31	80.75	82.14	77.96	76.85	76.93	76.58	80.40	80.56	83.10	86.54
2013	88.78	89.81	89.59	94.52	89.94	87.80	89.93	90.90	97.74	102.75	103.48	105.07
2014	105.29	108.27	107.63	111.44	115.09	115.10	111.84	110.07	112.51	110.26	108.80	109.70
2015	117.10	123.91	125.47	127.33	125.76	122.14	130.36	123.96	118.29	124.91	125.96	127.16
2016	123.17	121.84	125.15	125.73	127.08	124.88	127.22	128.11	122.25	118.20	120.03	123.38
2017	127.47	133.07	137.44	146.72	151.63	154.79	150.95	145.96	143.91	145.01	149.65	153.09
2018	157.71	152.38	147.88	151.68	160.00	159.34	160.35	151.23	144.4	131.64	117.37	107.92
2019	112.79	116.12	113.52	127.87	121.79	123.37	116.98	111.54	119.69	119.30	123.91	125.23
2020	125.53	113.78	84.41	95.65	103.57	105.50	104.60	114.27	116.49	110.78	129.78	128.82
2021	134.37	137.98	143.74	150.94	153.57	154.41	162.10	178.74	171.59	174.64	172.79	180.37
2022	170.89	164.93	164.30	162.62	163.78	156.39	157.76	153.61	140.70	144.16	153.10

Monolith Stonehenge
(monthly returns in %)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year	Cum.
2006											1.3	2.2	3.5	3.5
2007	5.2	4.8	2.5	1.7	3.3	-0.4	-0.5	1.4	-2.0	-3.5	-2.7	1.9	12.0	15.9
2008	-13.3	11.7	2.0	1.9	3.6	-11.0	-4.4	1.1	-8.6	-21.6	-9.0	-8.2	-46.3	-37.8
2009	0.1	-9.3	2.7	12.2	3.8	-4.8	6.2	12.9	14.7	3.3	12.2	12.2	85.0	15.1
2010	-0.7	-2.0	2.5	3.6	-0.4	2.4	4.0	-3.0	5.7	1.0	14.9	3.9	35.5	55.9
2011	-3.1	4.2	2.8	0.2	2.2	-3.8	-4.3	-3.5	-7.9	5.3	-4.6	2.0	-10.8	39.0
2012	2.4	12.4	-0.8	1.9	-5.8	-1.6	0.1	-0.6	5.6	0.2	3.4	4.6	22.8	70.7
2013	2.8	1.2	-0.3	6.1	-5.4	-2.7	2.6	1.2	7.7	5.2	0.8	1.7	22.3	108.7
2014	0.2	3.1	-0.7	3.9	3.6	0.0	-3.2	-1.8	2.4	-2.2	-1.6	0.9	4.4	117.9
2015	7.5	6.4	1.4	1.6	-1.4	-3.2	7.5	-5.3	-5.2	6.2	0.9	1.0	17.5	156.0
2016	-3.6	-1.2	3.0	0.5	1.1	-2.0	2.1	0.7	-5.1	-3.8	1.7	3.0	-3.9	146.0
2017	3.7	4.9	3.6	7.5	3.7	2.3	-2.8	-3.7	-1.6	0.8	3.5	2.5	26.2	210.6
2018	3.3	-3.8	-3.4	2.8	6.1	-0.5	0.7	-6.4	-5.1	-10.0	-12.3	-9.2	-33.3	107.10
2019	5.1	3.3	-2.6	14.3	-5.4	1.4	-5.9	-5.3	8.2	-0.4	4.3	1.1	17.5	143.3
2020	0.2	-10.5	-29.3	15.7	9.2	2.0	-1.0	10.3	2.1	-5.5	19.1	-0.9	1.7	147.4
2021	4.7	2.9	4.5	5.4	1.9	0.5	5.4	11.3	-4.5	1.9	-1.2	4.8	43.8	255.6
2022	-5.9	-4.0	-0.5	-1.2	0.7	-5.1	0.9	-3.0	-9.5	2.5	6.4		-17.9	191.9

Monolith Stonehenge
(end-of-month net asset value)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006										50	50.65	51.74
2007	54.45	57.07	58.5	59.51	61.48	61.24	60.95	61.81	60.55	58.41	56.85	57.93
2008	50.2	56.06	57.17	58.26	60.37	53.75	51.39	51.98	47.53	37.27	33.9	31.11
2009	31.13	28.25	29.02	32.57	33.8	32.17	34.18	38.59	44.26	45.74	51.3	57.54
2010	57.14	56.01	57.4	59.46	59.21	60.63	63.04	61.18	64.66	65.29	75.03	77.97
2011	75.57	78.75	80.95	81.15	82.97	79.82	76.39	73.72	67.86	71.46	68.14	69.52
2012	71.22	80.08	79.45	80.96	76.26	75.01	75.06	74.63	78.78	78.92	81.62	85.35
2013	87.77	88.86	88.58	93.95	88.88	86.49	88.78	89.84	96.79	101.86	102.64	104.35
2014	104.55	107.82	107.07	111.26	115.28	115.24	111.54	109.53	112.2	109.72	107.99	108.95
2015	117.13	124.66	126.35	128.37	126.57	122.47	131.63	124.68	118.25	125.59	126.71	127.99
2016	123.43	121.89	125.55	126.15	127.59	125.07	127.64	128.59	121.98	117.38	119.37	123.01
2017	127.51	133.71	138.49	148.82	154.32	157.80	153.37	147.96	145.21	146.38	151.56	155.29
2018	160,43	154.31	149.08	153.25	162.58	161.75	162.81	152.43	144.65	130.17	114.10	103.55
2019	108.87	112.45	109.53	125.20	118.49	120.15	113.11	107.09	115.89	115.39	120.32	121.67
2020	121.93	109.09	77.12	89.25	97.48	99.45	98.43	108.60	110.88	104.76	124.78	123.69
2021	129.53	133.29	139.31	146.88	149.62	150.42	158.55	176.50	168.64	171.83	169.69	177.81
2022	167.40	160.77	159.96	158.01	159.10	150.99	152.36	147.77	133.77	137.16	145.95

Data sources: Monolith Investment Management and Bloomberg