Performance: Cutler Financials Fund, L.P. (CFF)
Formerly called the Cutler Income & Growth Fund (CIG)
Fund performance is presented as of February 28, 2026.
| Since Inception (annualized) | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Cutler Financials Fund (Net)* | 6.7% | 5.4% | 28.6% | 9.5% | -2.5% | -7.7% | 29.9% | -18.2% | 16.4% | 1.0% | 18.9% | 30.9% |
| First Trust NASDAQ Community Bank ETF (QABA) | 6.3% | 3.7% | 4.6% | 14.5% | -2.2% | -9.0% | 34.2% | -10.8% | 22.8% | -16.5% | 0.7% | 37.4% |
| Powershares S&P SmallCap Financials Portfolio ETF (PSCF) | 6.9% | 2.7% | 6.2% | 15.5% | 6.0% | -19.4% | 27.8% | -8.9% | 22.1% | -8.4% | 6.7% | 32.5% |
*2016 returns represent performance of the Funds bank portfolio, a separate account within the Fund which focused on the Financials sector. 2017 and 2018 returns reflect Fund performance after it revised its strategy to focus on the Financials sector. The return shown represents the portfolio performance net of management, performance and other fees of Class B Limited Partners. Class B Limited Partners management fee is 1.0% per annum and performance fee is 10.0%, subject to a high-water mark. Inception date set as 1/1/2016, the date on which Financials sector performance was isolated for the Fund within a sub-account. Annual Fund-level performance is provided in the Appendix.
- Returns are annualized compounded monthly total returns, net of management fees and expenses. Your accounts’ performance may vary from the overall fund’s performance if you added or withdrew money from your capital account during the year.
- First Trust NASDAQ ABA Community Bank ETF (QABA) – The ETF seeks to track the investment results of the NASDAQ OMX ABA Community Bank Index (ABQX), but excluding any of the 50 largest banks or thrifts and their holding companies based on asset size as determined by the most recently available call report data as compiled by the FDIC, and any banks or thrifts classified as having an “international specialization” or a “credit-card specialization”.
- Invesco S&P SmallCap Financials ETF (PSCF) – The ETF is based on the S&P SmallCap 600 Capped Financials & Real Estate Index (SPSU6FT), and normally invests at least 90% of its total assets in common stocks that comprise the index. The index is designed to measure the overall performance of common stocks of US financial services companies – principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.
- This document has been prepared from original sources and data believed to be reliable. However no representations are made as to the accuracy or completeness thereof. An investment in the Fund involves a high degree of risk and is suitable only for sophisticated investors. The market commentary and other information described herein is as of the date hereof or as otherwise specified and is subject to change. Past performance is not indicative of future results and there is no guarantee that the Fund will meet its investment objectives or be profitable. Other methods of calculating returns may produce different results. Investment return and principal value will fluctuate with market conditions. There is no assurance that the Fund will invest in any of the securities referenced herein.