Start

11/18/2000
End
11/18/2010
Frequency M
Michelin
L'oreal Renault Philips Shell
Heineken
Name
EURO 1 MONTH
MICHELIN
OIS - MIDDLE
(~E L'OREAL
) RATE(~E
RENAULT
)
(~E
PHILIPS
)
ELTN.KONINKLIJKE
ROYAL DUTCH
HEINEKEN
SHELL
(~E (~E
)A (~E
) )
Code
OIEUR1M 912397~E
923386~E143366~E933031~E902178~E905001~E
CURRENCYE
E
E
E
E
E
E
###
4.86
32.85
90
55.8
42.05
35.75
44.26
###
4.9
34.11
87.1
50.6
40
31.47
38.56
1/18/2001
4.78
39.23
79.7
53.9
44.02
31.51
37.5
2/18/2001
4.77
41.07
84.4
56.7
38.36
33.23
39.65
3/18/2001
4.79
37.01
77
55
32.26
31.88
38.91
4/18/2001
4.8
33.43
82.8
59.65
32.1
32.85
37.12
5/18/2001
4.56
38.65
77.05
58.7
38.3
35.13
37.68
6/18/2001
4.53
37.68
73.95
50.15
28.65
35.45
35.31
7/18/2001
4.48
34.53
78.05
53.3
29.2
31.52
34.92
8/18/2001
4.43
33.34
75
49.83
28.25
30.94
35.6
9/18/2001
3.75
26.67
72.55
33.14
20.58
27.82
34.15
###
3.73
32.63
79.9
37
24.56
28.7
30.92
###
3.27
36.48
75.45
40.4
32
26.83
33.44
###
3.38
35.27
77.2
39.29
32.3
26.53
32.32
1/18/2002
3.31
37.45
76.45
43.05
32.1
26.65
34.8
2/18/2002
3.29
38.64
76.9
45.6
30.66
28.65
38.08
3/18/2002
3.3
42.8
83.55
55
33.49
31.03
36.18
4/18/2002
3.28
41.82
86.55
53
34.7
30.65
38.72
5/18/2002
3.4
42.4
82
56.65
35.3
29.95
37.2
6/18/2002
3.37
39.37
78.1
48.55
29.29
28.03
35.13
7/18/2002
3.3
35.94
72.75
43.3
25.51
23.25
32.42
8/18/2002
3.3
36.58
76.5
49.95
21.22
23.32
34.11
9/18/2002
3.29
30.92
72.4
46.11
15.17
20.89
32.41
###
3.25
29.04
75.35
44.84
17.58
22.85
31.2
###
3.23
28.59
72.45
49.4
18.29
21.98
30.78
###
2.95
30.49
71.55
44.14
17.1
20.7
28.22
1/18/2003
2.82
30.2
66.1
46.15
16.35
20.58
28.59
2/18/2003
2.76
27.06
64.95
40.5
16.3
18.72
24.88
3/18/2003
2.55
28.78
59.95
34.85
16.65
18.87
27.2
4/18/2003
2.55
29.47
64.4
34.55
16.98
19.83
28.89
5/18/2003
2.51
30.69
63.4
36.4
16.52
19.61
24.88
6/18/2003
2.13
33.15
65.15
44.6
17.53
20.93
26.34
7/18/2003
2.09
32.27
58.9
47.98
17.83
20.17
25.28
8/18/2003
2.09
30.54
60.1
52.85
19.66
20.65
27.02
9/18/2003
2.07
34.46
63.5
58.6
22.83
19.88
25.69
###
2.07
32.73
62.3
54.6
22.59
20.01
24.73
###
2.03
31.57
62.65
54.45
22.89
18.7
25.38
###
2.08
34.39
63.55
54.5
22.77
20.35
24.2
1/18/2004
2.04
36.71
66.55
54.9
25.73
18.91
24.18

2/18/2004
3/18/2004
4/18/2004
5/18/2004
6/18/2004
7/18/2004
8/18/2004
9/18/2004
###
###
###
1/18/2005
2/18/2005
3/18/2005
4/18/2005
5/18/2005
6/18/2005
7/18/2005
8/18/2005
9/18/2005
###
###
###
1/18/2006
2/18/2006
3/18/2006
4/18/2006
5/18/2006
6/18/2006
7/18/2006
8/18/2006
9/18/2006
###
###
###
1/18/2007
2/18/2007
3/18/2007
4/18/2007
5/18/2007
6/18/2007
7/18/2007
8/18/2007
9/18/2007
###

2.02
2.01
2.02
2.03
2.05
2.05
2.05
2.05
2.06
2.09
2.11
2.07
2.07
2.06
2.07
2.07
2.08
2.08
2.08
2.09
2.08
2.25
2.34
2.34
2.45
2.6
2.61
2.67
2.84
2.9
3.06
3.12
3.33
3.38
3.6
3.57
3.62
3.83
3.82
3.89
4.07
4.06
4.03
4.09
4.01

36.93
34.98
37.45
36.97
42.75
43.32
41.38
42.24
39.36
42.94
45.19
46.19
52.61
49.18
46.33
48.75
49.76
46.95
48.99
49.47
48.27
43.18
44.09
47.04
49.86
48.6
53.63
48.7
45.51
42.7
48.46
51.55
57.68
64.83
68.22
67.64
79.81
72.42
84.27
88.3
97.66
98.79
80.65
81.76
91.88

67.65
61.65
64.85
62.9
65.8
60.25
56.3
56.35
52.2
55.65
54.5
56.25
59.55
60
58.9
58.1
60.35
62.3
64.3
66.8
62.45
61.85
62.35
65.95
70.7
74.35
72.2
68.9
68.05
72.3
78.1
79.4
75.75
78.6
77.7
75.15
80.05
78.35
87.52
87
88.47
83
83.57
90.05
91.39

55.65
55.55
59.2
58.1
61.5
60.15
63.4
68.4
64.2
63.25
60.15
65.1
68.9
67.85
66
68.7
70.75
76.25
74.65
74.15
75.65
66.65
67.45
72.6
82.6
83.5
84.3
87.4
83.6
80.55
90.75
88.15
88.15
96.2
91.5
92.3
93.6
85.79
91.71
105.24
116.59
112.5
93.95
94.4
108.68

25.7
22.64
23.87
21.43
21.35
20.02
18.61
19.54
17.89
19.9
19.32
19.1
21.02
21.02
19.41
20.67
21.25
22.07
21.62
22.37
21.84
23.04
26.7
25.72
28.17
26.59
26.28
24.21
22.61
22.9
26.44
27.36
27.3
29.06
27.97
29.2
29.53
28
30.48
30.63
31.42
31.71
27.38
30.6
29.38

18.82
19.12
20.83
20.17
21.84
21.16
20.37
21.34
21.18
21.41
20.9
21.39
23.61
23.43
22.73
22.88
25.78
26.4
26.22
26.87
25.31
26.5
26.16
26.9
26.22
25.49
27.58
25.5
24.98
26.52
27.66
25.76
26.55
27.31
26.98
26.25
25.35
23.88
25.7
27.41
29.64
30.05
27.02
29.34
29.79

25.22
25.9
26.9
27.39
27.45
26
24.28
24.57
25.12
24.63
24.86
25.89
26.38
25.95
26.09
25.2
25.55
26.17
25.98
26.83
26.98
26.52
26.5
27.84
29.63
31.69
30.63
32.28
30.92
34.26
36.58
36.88
36.87
37.59
37
39.26
39.91
37.75
38.7
40.18
43.9
46.07
44.14
46.33
46.16

###
###
1/18/2008
2/18/2008
3/18/2008
4/18/2008
5/18/2008
6/18/2008
7/18/2008
8/18/2008
9/18/2008
###
###
###
1/18/2009
2/18/2009
3/18/2009
4/18/2009
5/18/2009
6/18/2009
7/18/2009
8/18/2009
9/18/2009
###
###
###
1/18/2010
2/18/2010
3/18/2010
4/18/2010
5/18/2010
6/18/2010
7/18/2010
8/18/2010
9/18/2010
###
###

###
###
1/18/2001
2/18/2001
3/18/2001
4/18/2001

4.04
3.91
4.01
4.02
4.01
4
4.03
4.13
4.28
4.31
4.23
3.54
2.79
2.09
1.54
1.16
0.83
0.89
0.67
0.68
0.38
0.38
0.38
0.39
0.42
0.37
0.35
0.34
0.36
0.35
0.36
0.39
0.56
0.45
0.49
0.77
0.61

76.79
72.22
57.8
60
60.93
63.88
60.49
47.32
44.23
44.49
42.51
40.09
35.1
37.34
34.4
26.67
26.76
36.77
39.23
38.87
39.8
48.28
52.89
54.4
52.56
51.57
58.1
50.49
54.96
51.83
53.31
58.14
56.89
58.76
62.37
58.67
56.15

93.1
95.63
84.78
83.56
78.42
74
77.85
72.96
64.93
71.63
74.93
63.31
62.52
61.86
53.81
52.37
51.27
52.53
56.82
53.6
53.83
59.29
67.21
68.03
73.18
73.35
79.24
75.09
78.99
80.15
74.08
81.05
82.52
78.33
82.67
84.4
87.19

94.46
95
77.16
71.28
62.73
68.96
68.38
56.89
55.88
60.2
47.59
28.57
17.63
18.06
16.61
13.81
14.03
24.1
24.25
26.91
25.99
31.85
32.5
35.7
33.3
34.62
39.28
32.27
34.44
34.46
30.96
32.89
33.92
34.1
36.11
39.17
42.9

28.1
30
24.38
26.37
24.52
24.53
24.78
23.79
22
23.05
19.58
13.95
13.6
14.03
13.56
14.06
11.83
13.06
14.18
13.05
14.51
15.67
17.23
18.31
18.5
20.01
21.48
22.22
24.31
24.1
25.78
26.31
24.9
23.19
22.93
22.88
23.11

27.26
27.9
25.75
24.1
21.97
24.11
26.6
25.55
22.97
23.13
20.27
18
20.1
19.11
19
19.32
16.76
16.4
18.54
18.29
17.79
18.43
19.83
20.49
21
20.24
21.09
20.44
21.89
22.51
21.89
21.97
21.28
21.69
22.35
22.83
24.03

45
44.66
39.87
38.79
36.22
37.7
37.71
34.56
29.69
32.06
29.87
25.17
24.35
21.1
22.89
21.48
20.76
21.64
25.34
24.21
27.21
27.48
31.87
29.55
31.28
33.3
36.04
35.05
38.07
36.68
34.35
36.43
36.16
34.92
37.11
38.29
36.73

-1.26
-5.12
-1.84
4.06
3.58
-5.22

2.9
7.4
-4.7
7.4
-5.8
5.75

5.2
-3.3
-2.8
1.7
-4.65
0.95

2.05
-4.02
5.66
6.1
0.16
-6.2

4.28
-0.04
-1.73
1.36
-0.98
-2.28

5.7
1.06
-2.14
0.74
1.79
-0.56

5/18/2001
6/18/2001
7/18/2001
8/18/2001
9/18/2001
###
###
###
1/18/2002
2/18/2002
3/18/2002
4/18/2002
5/18/2002
6/18/2002
7/18/2002
8/18/2002
9/18/2002
###
###
###
1/18/2003
2/18/2003
3/18/2003
4/18/2003
5/18/2003
6/18/2003
7/18/2003
8/18/2003
9/18/2003
###
###
###
1/18/2004
2/18/2004
3/18/2004
4/18/2004
5/18/2004
6/18/2004
7/18/2004
8/18/2004
9/18/2004
###
###
###
1/18/2005

0.97
3.15
1.2
6.67
-5.96
-3.85
1.21
-2.18
-1.19
-4.16
0.99
-0.58
3.02
3.43
-0.64
5.66
1.88
0.44
-1.9
0.3
3.13
-1.72
-0.69
-1.22
-2.46
0.88
1.73
-3.91
1.73
1.16
-2.82
-2.32
-0.22
1.95
-2.47
0.48
-5.78
-0.57
1.93
-0.86
2.89
-3.58
-2.25
-1
-6.43

3.1
-4.1
3.05
2.45
-7.35
4.45
-1.75
0.75
-0.45
-6.65
-3
4.55
3.9
5.35
-3.75
4.1
-2.95
2.9
0.9
5.45
1.15
5
-4.45
1
-1.75
6.25
-1.2
-3.4
1.2
-0.35
-0.9
-3
-1.1
6
-3.2
1.95
-2.9
5.55
3.95
-0.05
4.15
-3.45
1.15
-1.75
-3.3

8.55
-3.15
3.47
16.69
-3.86
-3.4
1.11
-3.76
-2.55
-9.4
2
-3.65
8.1
5.25
-6.65
3.84
1.27
-4.56
5.26
-2.01
5.65
5.65
0.3
-1.85
-8.2
-3.38
-4.87
-5.75
4
0.15
-0.05
-0.4
-0.75
0.1
-3.65
1.1
-3.4
1.35
-3.25
-5
4.2
0.95
3.1
-4.95
-3.8

9.65
-0.55
0.95
7.67
-3.98
-7.44
-0.3
0.2
1.44
-2.83
-1.21
-0.6
6.01
3.78
4.29
6.05
-2.41
-0.71
1.19
0.75
0.05
-0.35
-0.33
0.46
-1.01
-0.3
-1.83
-3.17
0.24
-0.3
0.12
-2.96
0.03
3.06
-1.23
2.44
0.08
1.33
1.41
-0.93
1.65
-2.01
0.58
0.22
-1.92

-0.33
3.94
0.58
3.12
-0.88
1.88
0.3
-0.13
-2
-2.38
0.38
0.7
1.93
4.78
-0.07
2.44
-1.97
0.88
1.28
0.12
1.87
-0.16
-0.95
0.22
-1.33
0.76
-0.47
0.77
-0.13
1.31
-1.65
1.45
0.09
-0.29
-1.71
0.65
-1.67
0.68
0.8
-0.97
0.16
-0.24
0.51
-0.49
-2.23

2.37
0.39
-0.68
1.45
3.23
-2.52
1.12
-2.48
-3.28
1.9
-2.54
1.52
2.07
2.71
-1.7
1.7
1.21
0.42
2.55
-0.37
3.71
-2.32
-1.69
4.01
-1.46
1.06
-1.74
1.34
0.96
-0.65
1.18
0.02
-1.04
-0.68
-1
-0.49
-0.06
1.45
1.72
-0.29
-0.55
0.49
-0.23
-1.03
-0.49

2/18/2005
3/18/2005
4/18/2005
5/18/2005
6/18/2005
7/18/2005
8/18/2005
9/18/2005
###
###
###
1/18/2006
2/18/2006
3/18/2006
4/18/2006
5/18/2006
6/18/2006
7/18/2006
8/18/2006
9/18/2006
###
###
###
1/18/2007
2/18/2007
3/18/2007
4/18/2007
5/18/2007
6/18/2007
7/18/2007
8/18/2007
9/18/2007
###
###
###
1/18/2008
2/18/2008
3/18/2008
4/18/2008
5/18/2008
6/18/2008
7/18/2008
8/18/2008
9/18/2008
###

3.43
2.85
-2.42
-1.01
2.81
-2.04
-0.48
1.2
5.09
-0.91
-2.95
-2.82
1.26
-5.02
4.93
3.19
2.81
-5.76
-3.09
-6.14
-7.15
-3.38
0.58
-12.17
7.39
-11.85
-4.04
-9.35
-1.13
18.14
-1.11
-10.12
15.09
4.57
14.42
-2.2
-0.93
-2.95
3.39
13.17
3.08
-0.25
1.97
2.42
4.99

-0.45
1.1
0.8
-2.25
-1.95
-2
-2.5
4.35
0.6
-0.5
-3.6
-4.75
-3.65
2.15
3.3
0.85
-4.25
-5.8
-1.3
3.65
-2.85
0.9
2.55
-4.9
1.7
-9.17
0.52
-1.47
5.47
-0.57
-6.48
-1.34
-1.71
-2.53
10.85
1.22
5.14
4.42
-3.85
4.89
8.03
-6.7
-3.3
11.62
0.79

1.05
1.85
-2.7
-2.05
-5.5
1.6
0.5
-1.5
9
-0.8
-5.15
-10
-0.9
-0.8
-3.1
3.8
3.05
-10.2
2.6
0
-8.05
4.7
-0.8
-1.3
7.81
-5.92
-13.53
-11.35
4.09
18.55
-0.45
-14.28
14.22
-0.54
17.84
5.88
8.55
-6.23
0.58
11.49
1.01
-4.32
12.61
19.03
10.94

0
1.61
-1.26
-0.58
-0.82
0.45
-0.75
0.53
-1.2
-3.66
0.98
-2.45
1.58
0.31
2.07
1.6
-0.29
-3.54
-0.92
0.06
-1.76
1.09
-1.23
-0.33
1.53
-2.48
-0.15
-0.79
-0.29
4.33
-3.22
1.22
1.28
-1.9
5.62
-1.99
1.85
-0.01
-0.24
0.99
1.8
-1.06
3.47
5.64
0.35

0.18
0.7
-0.15
-2.9
-0.63
0.18
-0.65
1.56
-1.19
0.34
-0.74
0.68
0.73
-2.09
2.08
0.52
-1.54
-1.14
1.9
-0.79
-0.76
0.33
0.73
0.9
1.47
-1.82
-1.71
-2.23
-0.41
3.03
-2.32
-0.45
2.53
-0.64
2.15
1.65
2.13
-2.14
-2.49
1.05
2.59
-0.17
2.86
2.27
-2.1

0.43
-0.14
0.89
-0.35
-0.62
0.19
-0.85
-0.15
0.46
0.02
-1.34
-1.79
-2.06
1.06
-1.65
1.36
-3.34
-2.32
-0.3
0.01
-0.72
0.59
-2.26
-0.65
2.16
-0.95
-1.48
-3.72
-2.17
1.93
-2.19
0.17
1.16
0.34
4.79
1.08
2.57
-1.48
-0.01
3.15
4.87
-2.37
2.19
4.7
0.83

###
###
1/18/2009
2/18/2009
3/18/2009
4/18/2009
5/18/2009
6/18/2009
7/18/2009
8/18/2009
9/18/2009
###
###
###
1/18/2010
2/18/2010
3/18/2010
4/18/2010
5/18/2010
6/18/2010
7/18/2010
8/18/2010
9/18/2010
###
###

-2.23
2.93
7.73
-0.09
-10.01
-2.46
0.36
-0.94
-8.48
-4.61
-1.51
1.84
1
-6.53
7.61
-4.47
3.13
-1.48
-4.83
1.25
-1.86
-3.61
3.7
2.52

0.67
8.05
1.44
1.1
-1.26
-4.29
3.22
-0.23
-5.46
-7.92
-0.82
-5.15
-0.17
-5.89
4.15
-3.9
-1.16
6.07
-6.97
-1.47
4.19
-4.34
-1.73
-2.79

-0.43
1.45
2.81
-0.23
-10.07
-0.15
-2.66
0.92
-5.86
-0.66
-3.2
2.4
-1.32
-4.66
7.02
-2.18
-0.02
3.51
-1.94
-1.03
-0.17
-2.01
-3.07
-3.73

-0.43
0.47
-0.5
2.23
-1.23
-1.12
1.13
-1.46
-1.16
-1.57
-1.08
-0.19
-1.51
-1.48
-0.74
-2.09
0.22
-1.69
-0.52
1.41
1.71
0.26
0.05
-0.24

0.99
0.11
-0.32
2.56
0.36
-2.14
0.25
0.5
-0.64
-1.4
-0.66
-0.52
0.76
-0.85
0.65
-1.45
-0.61
0.62
-0.08
0.69
-0.42
-0.66
-0.47
-1.21

3.25
-1.79
1.41
0.72
-0.88
-3.7
1.14
-3.01
-0.27
-4.39
2.32
-1.73
-2.03
-2.74
0.99
-3.02
1.39
2.34
-2.08
0.27
1.24
-2.19
-1.18
1.56

Heineken
HEINEKEN (~E )
905001~E

Michelin
Average
Variance
weights1
weights2
weights3
weights4
weights5
weights6
weights7
weights8
weights9
weights10
weights11
weights12
11/18/2000
12/18/2000
1/18/2001
2/18/2001
3/18/2001
4/18/2001
5/18/2001
6/18/2001
7/18/2001
8/18/2001
9/18/2001
10/18/2001
11/18/2001
12/18/2001
1/18/2002
2/18/2002
3/18/2002
4/18/2002
5/18/2002
6/18/2002
7/18/2002
8/18/2002
9/18/2002
10/18/2002
11/18/2002
12/18/2002
1/18/2003
2/18/2003
3/18/2003
4/18/2003
5/18/2003
6/18/2003
7/18/2003
8/18/2003
9/18/2003
10/18/2003
11/18/2003

L'oreal
-0.193
0.3333
0.1000
0.1250
0.1500
0.1750
0.2000
-0.0200
0.4000
0.5000
0.2000
0.2000
0.2000
1.4747

0.023
0.3333
0.1000
0.2000
0.2000
0.2000
0.2000
0.2000
0.2000
0.2000
0.2000
0.2000
0.2000
-0.8087

-1.26
-5.12
-1.84
4.06
3.58
-5.22
0.97
3.15
1.2
6.67
-5.96
-3.85
1.21
-2.18
-1.19
-4.16
0.99
-0.58
3.02
3.43
-0.64
5.66
1.88
0.44
-1.9
0.3
3.13
-1.72
-0.69
-1.22
-2.46
0.88
1.73
-3.91
1.73
1.16
-2.82

2.9
7.4
-4.7
7.4
-5.8
5.75
3.1
-4.1
3.05
2.45
-7.35
4.45
-1.75
0.75
-0.45
-6.65
-3
4.55
3.9
5.35
-3.75
4.1
-2.95
2.9
0.9
5.45
1.15
5
-4.45
1
-1.75
6.25
-1.2
-3.4
1.2
-0.35
-0.9

Renault Sum of
Portfolio1 Portfolio2
0.107 portfolio
0.069
0.002
0.3333 weights
28.972
4.745
0.8000
1.0000
0.2000
0.5250
-0.0801
-0.2287
0.2000
0.5500
0.2000
0.5750
0.2000
0.6000
0.2000
0.3800
0.2000
0.8000
0.2000
0.9000
0.2000
0.6000
0.2000
0.6000
0.2000
0.6000
-1.9320
-1.2660
5.2
-3.3
-2.8
1.7
-4.65
0.95
8.55
-3.15
3.47
16.69
-3.86
-3.4
1.11
-3.76
-2.55
-9.4
2
-3.65
8.1
5.25
-6.65
3.84
1.27
-4.56
5.26
-2.01
5.65
5.65
0.3
-1.85
-8.2
-3.38
-4.87
-5.75
4
0.15
-0.05

4.32
-2.41
-2.89
2.51
-3.94
0.81
7.25
-2.62
3.20
14.26
-4.42
-2.66
0.83
-3.15
-2.20
-8.60
1.40
-2.52
7.17
5.08
-5.76
4.05
0.91
-3.31
4.11
-1.03
4.95
4.85
-0.27
-1.50
-6.98
-1.99
-3.84
-5.33
3.49
0.20
-0.41

1.46
0.18
-1.73
2.33
-1.64
0.69
2.45
-1.06
1.45
4.66
-2.99
-0.27
0.02
-0.87
-0.75
-3.73
-0.08
0.11
2.78
2.55
-2.16
2.30
-0.10
-0.28
0.99
0.73
1.75
1.92
-0.92
-0.32
-2.30
0.68
-1.00
-2.32
1.26
0.10
-0.54

12/18/2003
1/18/2004
2/18/2004
3/18/2004
4/18/2004
5/18/2004
6/18/2004
7/18/2004
8/18/2004
9/18/2004
10/18/2004
11/18/2004
12/18/2004
1/18/2005
2/18/2005
3/18/2005
4/18/2005
5/18/2005
6/18/2005
7/18/2005
8/18/2005
9/18/2005
10/18/2005
11/18/2005
12/18/2005
1/18/2006
2/18/2006
3/18/2006
4/18/2006
5/18/2006
6/18/2006
7/18/2006
8/18/2006
9/18/2006
10/18/2006
11/18/2006
12/18/2006
1/18/2007
2/18/2007
3/18/2007
4/18/2007
5/18/2007
6/18/2007
7/18/2007
8/18/2007
9/18/2007
10/18/2007
11/18/2007
12/18/2007
1/18/2008
2/18/2008
3/18/2008
4/18/2008

-2.32
-0.22
1.95
-2.47
0.48
-5.78
-0.57
1.93
-0.86
2.89
-3.58
-2.25
-1
-6.43
3.43
2.85
-2.42
-1.01
2.81
-2.04
-0.48
1.2
5.09
-0.91
-2.95
-2.82
1.26
-5.02
4.93
3.19
2.81
-5.76
-3.09
-6.14
-7.15
-3.38
0.58
-12.17
7.39
-11.85
-4.04
-9.35
-1.13
18.14
-1.11
-10.12
15.09
4.57
14.42
-2.2
-0.93
-2.95
3.39

-3
-1.1
6
-3.2
1.95
-2.9
5.55
3.95
-0.05
4.15
-3.45
1.15
-1.75
-3.3
-0.45
1.1
0.8
-2.25
-1.95
-2
-2.5
4.35
0.6
-0.5
-3.6
-4.75
-3.65
2.15
3.3
0.85
-4.25
-5.8
-1.3
3.65
-2.85
0.9
2.55
-4.9
1.7
-9.17
0.52
-1.47
5.47
-0.57
-6.48
-1.34
-1.71
-2.53
10.85
1.22
5.14
4.42
-3.85

-0.4
-0.75
0.1
-3.65
1.1
-3.4
1.35
-3.25
-5
4.2
0.95
3.1
-4.95
-3.8
1.05
1.85
-2.7
-2.05
-5.5
1.6
0.5
-1.5
9
-0.8
-5.15
-10
-0.9
-0.8
-3.1
3.8
3.05
-10.2
2.6
0
-8.05
4.7
-0.8
-1.3
7.81
-5.92
-13.53
-11.35
4.09
18.55
-0.45
-14.28
14.22
-0.54
17.84
5.88
8.55
-6.23
0.58

-0.85
-0.73
0.88
-3.49
1.12
-3.59
1.58
-2.01
-4.09
4.06
0.06
2.37
-4.23
-4.01
1.14
1.88
-2.32
-1.97
-4.31
0.88
0.10
-0.65
7.77
-0.78
-4.77
-8.76
-0.96
-0.93
-1.66
3.44
2.30
-9.32
1.64
-0.25
-7.44
3.51
-0.33
-2.75
7.16
-6.84
-11.18
-10.16
3.71
16.60
-1.12
-12.57
12.71
-0.23
16.80
4.61
7.26
-4.84
0.42

-0.97
-0.40
1.46
-1.68
0.67
-1.98
1.31
0.38
-1.12
2.03
-0.95
0.57
-1.46
-2.22
0.55
0.95
-0.68
-0.99
-1.14
-0.33
-0.46
0.72
2.56
-0.37
-2.12
-3.30
-0.75
-0.36
0.66
1.33
0.11
-3.92
-0.13
-0.04
-3.07
0.70
0.42
-2.76
2.83
-4.50
-3.11
-3.73
1.77
5.86
-1.52
-4.39
4.39
-0.04
7.54
1.14
2.62
-0.73
-0.23

5/18/2008
6/18/2008
7/18/2008
8/18/2008
9/18/2008
10/18/2008
11/18/2008
12/18/2008
1/18/2009
2/18/2009
3/18/2009
4/18/2009
5/18/2009
6/18/2009
7/18/2009
8/18/2009
9/18/2009
10/18/2009
11/18/2009
12/18/2009
1/18/2010
2/18/2010
3/18/2010
4/18/2010
5/18/2010
6/18/2010
7/18/2010
8/18/2010
9/18/2010
10/18/2010
11/18/2010

13.17
3.08
-0.25
1.97
2.42
4.99
-2.23
2.93
7.73
-0.09
-10.01
-2.46
0.36
-0.94
-8.48
-4.61
-1.51
1.84
1
-6.53
7.61
-4.47
3.13
-1.48
-4.83
1.25
-1.86
-3.61
3.7
2.52
0

4.89
8.03
-6.7
-3.3
11.62
0.79
0.67
8.05
1.44
1.1
-1.26
-4.29
3.22
-0.23
-5.46
-7.92
-0.82
-5.15
-0.17
-5.89
4.15
-3.9
-1.16
6.07
-6.97
-1.47
4.19
-4.34
-1.73
-2.79
0

11.49
1.01
-4.32
12.61
19.03
10.94
-0.43
1.45
2.81
-0.23
-10.07
-0.15
-2.66
0.92
-5.86
-0.66
-3.2
2.4
-1.32
-4.66
7.02
-2.18
-0.02
3.51
-1.94
-1.03
-0.17
-2.01
-3.07
-3.73
0

11.00
1.92
-4.15
9.96
16.62
9.33
-0.50
2.26
3.16
-0.08
-9.18
-0.79
-1.77
0.62
-6.08
-1.78
-2.79
1.58
-0.97
-4.97
6.79
-2.58
0.18
3.26
-2.73
-0.85
0.09
-2.40
-2.25
-3.01

4.92
2.19
-2.24
2.11
6.43
2.97
-0.23
2.27
1.82
0.16
-3.52
-1.19
0.16
0.02
-3.32
-2.29
-0.99
-0.32
-0.17
-2.93
3.18
-1.77
0.16
1.73
-2.38
-0.34
0.57
-1.72
-0.50
-0.99

Portfolio3 Portfolio4 Portfolio5 Portfolio6 Portfolio7 Portfolio8 Portfolio9 Portfolio10 Portfolio11

-0.003
-0.008
-0.013
0.030
-0.051
-0.071
-0.013
-0.013
-0.013
5.178
5.640
6.132
2.815
11.127
14.331
6.132
6.132
6.132
-0.2210

-0.2138

-0.2070

-0.2801

-0.1653

-0.1508

-0.2070

-0.2070

-0.2070

1.43
0.05
-1.78
2.43
-1.55
0.56
2.47
-0.98
1.48
4.83
-3.14
-0.37
0.05
-0.93
-0.78
-3.83
-0.05
0.09
2.85
2.63
-2.18
2.44
-0.05
-0.27
0.95
0.73
1.83
1.87
-0.93
-0.35
-2.36
0.71
-0.95
-2.42
1.30
0.13
-0.61

1.40
-0.08
-1.82
2.53
-1.46
0.43
2.50
-0.90
1.51
4.99
-3.29
-0.46
0.08
-0.98
-0.81
-3.94
-0.03
0.08
2.93
2.72
-2.19
2.58
-0.01
-0.25
0.90
0.74
1.91
1.83
-0.95
-0.38
-2.42
0.73
-0.91
-2.51
1.34
0.16
-0.68

1.37
-0.20
-1.87
2.63
-1.37
0.30
2.52
-0.82
1.54
5.16
-3.43
-0.56
0.11
-1.04
-0.84
-4.04
0.00
0.06
3.00
2.81
-2.21
2.72
0.04
-0.24
0.85
0.75
1.99
1.79
-0.97
-0.41
-2.48
0.75
-0.87
-2.61
1.39
0.19
-0.75

1.65
0.92
-1.46
1.74
-2.16
1.44
2.31
-1.51
1.28
3.69
-2.12
0.29
-0.15
-0.56
-0.58
-3.13
-0.22
0.19
2.34
2.05
-2.07
1.47
-0.37
-0.34
1.27
0.68
1.30
2.16
-0.82
-0.15
-1.94
0.56
-1.25
-1.75
1.01
-0.06
-0.13

1.12
-1.23
-2.23
3.44
-0.66
-0.75
2.72
-0.19
1.78
6.49
-4.63
-1.33
0.36
-1.48
-1.08
-4.88
0.19
-0.05
3.61
3.49
-2.34
3.85
0.42
-0.15
0.47
0.81
2.61
1.44
-1.10
-0.66
-2.98
0.93
-0.52
-3.40
1.73
0.42
-1.32

0.99
-1.74
-2.42
3.85
-0.30
-1.27
2.81
0.12
1.90
7.16
-5.22
-1.71
0.48
-1.69
-1.19
-5.29
0.29
-0.11
3.91
3.84
-2.40
4.42
0.61
-0.11
0.28
0.84
2.93
1.27
-1.17
-0.78
-3.22
1.01
-0.35
-3.79
1.90
0.54
-1.60

1.37
-0.20
-1.87
2.63
-1.37
0.30
2.52
-0.82
1.54
5.16
-3.43
-0.56
0.11
-1.04
-0.84
-4.04
0.00
0.06
3.00
2.81
-2.21
2.72
0.04
-0.24
0.85
0.75
1.99
1.79
-0.97
-0.41
-2.48
0.75
-0.87
-2.61
1.39
0.19
-0.75

1.37
-0.20
-1.87
2.63
-1.37
0.30
2.52
-0.82
1.54
5.16
-3.43
-0.56
0.11
-1.04
-0.84
-4.04
0.00
0.06
3.00
2.81
-2.21
2.72
0.04
-0.24
0.85
0.75
1.99
1.79
-0.97
-0.41
-2.48
0.75
-0.87
-2.61
1.39
0.19
-0.75

1.37
-0.20
-1.87
2.63
-1.37
0.30
2.52
-0.82
1.54
5.16
-3.43
-0.56
0.11
-1.04
-0.84
-4.04
0.00
0.06
3.00
2.81
-2.21
2.72
0.04
-0.24
0.85
0.75
1.99
1.79
-0.97
-0.41
-2.48
0.75
-0.87
-2.61
1.39
0.19
-0.75

-1.03
-0.40
1.51
-1.74
0.68
-2.13
1.29
0.43
-1.14
2.10
-1.04
0.51
-1.49
-2.38
0.63
1.02
-0.74
-1.01
-1.07
-0.39
-0.47
0.75
2.68
-0.40
-2.19
-3.37
-0.72
-0.48
0.78
1.41
0.18
-4.06
-0.20
-0.19
-3.25
0.61
0.44
-3.07
3.01
-4.79
-3.21
-3.97
1.74
6.32
-1.55
-4.64
4.77
0.07
7.90
1.09
2.60
-0.80
-0.15

-1.09
-0.41
1.56
-1.80
0.69
-2.27
1.28
0.48
-1.16
2.18
-1.13
0.46
-1.51
-2.54
0.72
1.09
-0.80
-1.04
-1.00
-0.44
-0.48
0.78
2.81
-0.42
-2.27
-3.44
-0.69
-0.61
0.90
1.49
0.25
-4.21
-0.28
-0.34
-3.43
0.53
0.45
-3.37
3.20
-5.09
-3.31
-4.20
1.71
6.77
-1.58
-4.89
5.14
0.19
8.26
1.03
2.58
-0.88
-0.06

-1.14
-0.41
1.61
-1.86
0.71
-2.42
1.27
0.53
-1.18
2.25
-1.22
0.40
-1.54
-2.71
0.81
1.16
-0.86
-1.06
-0.93
-0.49
-0.50
0.81
2.94
-0.44
-2.34
-3.51
-0.66
-0.73
1.03
1.57
0.32
-4.35
-0.36
-0.50
-3.61
0.44
0.47
-3.67
3.38
-5.39
-3.41
-4.43
1.69
7.22
-1.61
-5.15
5.52
0.30
8.62
0.98
2.55
-0.95
0.02

-0.63
-0.37
1.18
-1.32
0.60
-1.14
1.39
0.10
-0.99
1.61
-0.43
0.90
-1.32
-1.29
0.05
0.53
-0.33
-0.84
-1.55
-0.04
-0.39
0.55
1.82
-0.24
-1.69
-2.89
-0.94
0.37
-0.06
0.87
-0.30
-3.08
0.32
0.85
-2.04
1.19
0.34
-1.00
1.75
-2.78
-2.52
-2.38
1.93
3.23
-1.36
-2.92
2.20
-0.71
5.45
1.46
2.76
-0.30
-0.72

-1.61
-0.46
2.00
-2.36
0.80
-3.57
1.15
0.91
-1.35
2.83
-1.93
-0.05
-1.74
-3.99
1.49
1.73
-1.35
-1.27
-0.37
-0.90
-0.59
1.05
3.96
-0.62
-2.93
-4.08
-0.41
-1.74
2.01
2.21
0.88
-5.50
-0.98
-1.72
-5.04
-0.23
0.58
-6.11
4.86
-7.76
-4.22
-6.31
1.46
10.85
-1.83
-7.17
8.54
1.21
11.50
0.54
2.37
-1.54
0.70

-1.84
-0.48
2.20
-2.61
0.85
-4.15
1.09
1.11
-1.44
3.11
-2.29
-0.28
-1.84
-4.63
1.84
2.02
-1.59
-1.37
-0.08
-1.10
-0.64
1.17
4.47
-0.71
-3.22
-4.36
-0.28
-2.24
2.50
2.52
1.17
-6.08
-1.29
-2.34
-5.76
-0.57
0.64
-7.33
5.60
-8.94
-4.62
-7.24
1.35
12.66
-1.94
-8.18
10.05
1.67
12.95
0.32
2.27
-1.84
1.04

-1.14
-0.41
1.61
-1.86
0.71
-2.42
1.27
0.53
-1.18
2.25
-1.22
0.40
-1.54
-2.71
0.81
1.16
-0.86
-1.06
-0.93
-0.49
-0.50
0.81
2.94
-0.44
-2.34
-3.51
-0.66
-0.73
1.03
1.57
0.32
-4.35
-0.36
-0.50
-3.61
0.44
0.47
-3.67
3.38
-5.39
-3.41
-4.43
1.69
7.22
-1.61
-5.15
5.52
0.30
8.62
0.98
2.55
-0.95
0.02

-1.14
-0.41
1.61
-1.86
0.71
-2.42
1.27
0.53
-1.18
2.25
-1.22
0.40
-1.54
-2.71
0.81
1.16
-0.86
-1.06
-0.93
-0.49
-0.50
0.81
2.94
-0.44
-2.34
-3.51
-0.66
-0.73
1.03
1.57
0.32
-4.35
-0.36
-0.50
-3.61
0.44
0.47
-3.67
3.38
-5.39
-3.41
-4.43
1.69
7.22
-1.61
-5.15
5.52
0.30
8.62
0.98
2.55
-0.95
0.02

-1.14
-0.41
1.61
-1.86
0.71
-2.42
1.27
0.53
-1.18
2.25
-1.22
0.40
-1.54
-2.71
0.81
1.16
-0.86
-1.06
-0.93
-0.49
-0.50
0.81
2.94
-0.44
-2.34
-3.51
-0.66
-0.73
1.03
1.57
0.32
-4.35
-0.36
-0.50
-3.61
0.44
0.47
-3.67
3.38
-5.39
-3.41
-4.43
1.69
7.22
-1.61
-5.15
5.52
0.30
8.62
0.98
2.55
-0.95
0.02

5.25
2.27
-2.24
2.16
6.49
3.09
-0.29
2.34
2.01
0.16
-3.77
-1.26
0.17
0.00
-3.53
-2.41
-1.03
-0.28
-0.15
-3.09
3.38
-1.89
0.23
1.69
-2.51
-0.31
0.52
-1.81
-0.40
-0.93

5.58
2.35
-2.25
2.21
6.55
3.22
-0.34
2.41
2.20
0.16
-4.02
-1.32
0.18
-0.03
-3.75
-2.52
-1.07
-0.23
-0.12
-3.25
3.57
-2.00
0.31
1.66
-2.63
-0.28
0.48
-1.90
-0.31
-0.86

5.91
2.42
-2.25
2.26
6.61
3.34
-0.40
2.49
2.40
0.16
-4.27
-1.38
0.18
-0.05
-3.96
-2.64
-1.10
-0.18
-0.10
-3.42
3.76
-2.11
0.39
1.62
-2.75
-0.25
0.43
-1.99
-0.22
-0.80

3.01
1.75
-2.20
1.82
6.08
2.25
0.09
1.84
0.69
0.18
-2.07
-0.84
0.10
0.16
-2.09
-1.62
-0.77
-0.59
-0.32
-1.98
2.08
-1.13
-0.30
1.94
-1.68
-0.52
0.84
-1.20
-1.03
-1.35

8.54
3.04
-2.30
2.65
7.10
4.34
-0.85
3.07
3.94
0.14
-6.27
-1.87
0.26
-0.24
-5.65
-3.56
-1.41
0.18
0.10
-4.72
5.28
-3.00
1.02
1.32
-3.71
0.00
0.06
-2.72
0.52
-0.30

9.86
3.35
-2.33
2.85
7.34
4.84
-1.07
3.37
4.72
0.13
-7.27
-2.12
0.29
-0.33
-6.50
-4.02
-1.56
0.37
0.20
-5.38
6.04
-3.45
1.33
1.18
-4.20
0.12
-0.13
-3.08
0.89
-0.04

5.91
2.42
-2.25
2.26
6.61
3.34
-0.40
2.49
2.40
0.16
-4.27
-1.38
0.18
-0.05
-3.96
-2.64
-1.10
-0.18
-0.10
-3.42
3.76
-2.11
0.39
1.62
-2.75
-0.25
0.43
-1.99
-0.22
-0.80

5.91
2.42
-2.25
2.26
6.61
3.34
-0.40
2.49
2.40
0.16
-4.27
-1.38
0.18
-0.05
-3.96
-2.64
-1.10
-0.18
-0.10
-3.42
3.76
-2.11
0.39
1.62
-2.75
-0.25
0.43
-1.99
-0.22
-0.80

5.91
2.42
-2.25
2.26
6.61
3.34
-0.40
2.49
2.40
0.16
-4.27
-1.38
0.18
-0.05
-3.96
-2.64
-1.10
-0.18
-0.10
-3.42
3.76
-2.11
0.39
1.62
-2.75
-0.25
0.43
-1.99
-0.22
-0.80

Portfolio12
-0.513
102.954
-0.0998 SR (if rf = .5)

-14.24
-7.16
6.50
-3.28
18.95
-14.18
-17.60
14.05
-7.40
-24.40
4.61
-2.70
1.05
3.44
3.54
17.40
0.02
2.52
-14.34
-9.41
14.94
-2.38
2.71
7.12
-13.70
-0.08
-7.23
-17.50
2.01
0.97
13.62
2.77
12.93
8.09
-6.15
1.70
-3.34

-0.22
2.01
-2.17
5.99
-2.99
0.39
-7.94
5.93
8.43
-7.21
-4.33
-10.24
9.51
0.53
3.39
-0.26
1.01
4.28
16.35
-4.48
0.34
1.15
-10.36
0.61
8.52
19.00
6.54
-7.60
10.59
-3.33
1.69
15.90
-8.53
-12.00
7.31
-14.80
0.34
-11.48
-5.56
1.38
19.76
9.32
-13.99
-8.63
4.47
13.75
-3.83
9.83
-21.98
-15.60
-22.04
4.12
6.99

-6.73
-3.90
13.39
-18.79
-42.58
-14.41
-3.00
-4.98
4.82
-0.58
5.71
0.12
3.06
-2.96
3.22
0.87
4.61
2.24
4.16
4.13
-5.68
0.76
5.59
-13.86
2.25
5.02
-5.80
2.06
12.78
13.18