S& PASX 200 JPMorgan Emerging Mkts Debt Sel (JEMDX)

Date Close Date Close

Mar-04 3400.8 _ 31/03/2004 4.84
Apr-04 3460.2 0.017466 01/04/2004 4.49 -0.072314
May-04 3532.9 0.02101 03/05/2004 4.45 -0.008909
Jun-04 3536.1 0.000906 01/06/2004 4.52 0.01573
Jul-04 3552.7 0.004694 01/07/2004 4.66 0.030973
Aug-04 3665 0.03161 02/08/2004 4.88 0.04721
Sep-04 3778.6 0.030996 01/09/2004 4.97 0.018443
Oct-04 3931.3 0.040412 01/10/2004 5.08 0.022133
Nov-04 4050.6 0.030346 01/11/2004 5.15 0.01378
Dec-04 4107.3 0.013998 01/12/2004 5.33 0.034951
Jan-05 4172.8 0.015947 03/01/2005 5.37 0.007505
Feb-05 4109.8 -0.015098 01/02/2005 5.43 0.011173
Mar-05 3983.2 -0.030804 01/03/2005 5.26 -0.031308
Apr-05 4106.4 0.03093 01/04/2005 5.35 0.01711
May-05 4277.5 0.041667 02/05/2005 5.54 0.035514
Jun-05 4388.8 0.02602 01/06/2005 5.7 0.028881
Jul-05 4446.8 0.013215 01/07/2005 5.75 0.008772
Aug-05 4641.2 0.043717 01/08/2005 5.84 0.015652
Sep-05 4459.7 -0.039106 01/09/2005 6.1 0.044521
Oct-05 4634.8 0.039263 03/10/2005 5.96 -0.022951
Nov-05 4763.4 0.027747 01/11/2005 6.05 0.015101
Dec-05 4929.6 0.034891 01/12/2005 6.11 0.009917
Jan-06 4921.3 -0.001684 03/01/2006 6.24 0.021277
Feb-06 5129.7 0.042347 01/02/2006 6.42 0.028846
Mar-06 5258.8 0.025167 01/03/2006 6.26 -0.024922
Apr-06 5001.7 -0.048889 03/04/2006 6.28 0.003195
May-06 5073.9 0.014435 01/05/2006 6.01 -0.042994
Jun-06 4986 -0.017324 01/06/2006 6.07 0.009983
Jul-06 5115.4 0.025953 03/07/2006 6.33 0.042834
Aug-06 5154.1 0.007565 01/08/2006 6.49 0.025276
Sep-06 5384.4 0.044683 01/09/2006 6.51 0.003082
Oct-06 5482.1 0.018145 02/10/2006 6.66 0.023041
Nov-06 5669.9 0.034257 01/11/2006 6.76 0.015015
Dec-06 5773.4 0.018254 01/12/2006 6.87 0.016272
Jan-07 5832.5 0.010237 03/01/2007 6.86 -0.001456
Feb-07 5995 0.027861 01/02/2007 6.95 0.01312
Mar-07 6166 0.028524 01/03/2007 7.08 0.018705
Apr-07 6313.5 0.023922 02/04/2007 7.23 0.021186
May-07 6274.9 -0.006114 01/05/2007 7.28 0.006916
Jun-07 6144.2 -0.020829 01/06/2007 7.1 -0.024725
Jul-07 6247.2 0.016764 02/07/2007 6.98 -0.016901
Aug-07 6567.8 0.051319 01/08/2007 6.84 -0.020057
 Sep-07 6754.1 0.028366 04/09/2007 7.13 0.042398
Oct-07 6533.1 -0.032721 01/10/2007 7.31 0.025245
Nov-07 6339.8 -0.029588 01/11/2007 7.12 -0.025992
Dec-07 5650.3 -0.108757 03/12/2007 7.19 0.009831
Jan-08 5572.1 -0.01384 02/01/2008 7.32 0.018081
Feb-08 5355.7 -0.038836 01/02/2008 7.27 -0.006831
Mar-08 5595.4 0.044756 03/03/2008 7.12 -0.020633
Apr-08 5654.7 0.010598 01/04/2008 7.17 0.007022
May-08 5215.3 -0.077705 01/05/2008 7.27 0.013947
Jun-08 4977.4 -0.045616 02/06/2008 7.1 -0.023384
Jul-08 5135.6 0.031784 01/07/2008 7.18 0.011268
Aug-08 4600.5 -0.104194 01/08/2008 7.19 0.001393
Sep-08 4018 -0.126617 02/09/2008 6.28 -0.126565
Oct-08 3742.5 -0.068566 01/10/2008 4.77 -0.240446
Nov-08 3722.3 -0.005397 03/11/2008 4.89 0.025157
Dec-08 3540.7 -0.048787 01/12/2008 5.12 0.047035
Jan-09 3344.5 -0.055413 02/01/2009 5.22 0.019531
Feb-09 3582.1 0.071042 02/02/2009 5.11 -0.021073
Mar-09 3780.5 0.055387 02/03/2009 5.38 0.052838

Avg 0.002672 0.0028

Std 0.042236 0.0436

Ann. MEAN 0.032538 0.0342

Ann. Std 0.146309 0.1510

companiesreturns std dev

S& PASX 2 0.0325 0.1463
JPMorgan E 0.0342 0.1510
Dow Jones 0.0383 0.0666
CBOE OIL I 0.2155 0.3943

S& PASX 2 JPMorgan EDow JonesCBOE OIL Index

S& PASX 2 1.0000 0.3445 0.2477 0.0478
JPMorgan E 0.3445 1.0000 0.6539 0.6028
Dow Jones 0.2477 0.6539 1.0000 0.4781
CBOE OIL I 0.0478 0.6028 0.4781 1.0000
 S& PASX 2 JPMorgan EDow JonesCBOE OIL Index
S& PASX 2 0.02141 0.00737 0.00547 0.00047
JPMorgan E 0.00761 0.02210 0.01491 0.00606
Dow Jones 0.00241 0.00637 0.01006 0.00212
CBOE OIL I 0.00275 0.03478 0.02847 0.02626

S& PASX 2 JPMorgan EDow Jones CreCBOE OIL Index

0.25 0.25 0.25 0.25
S& PASX 2 0.25 0.00134 0.00046 0.000342 0.0000291
JPMorgan E 0.25 0.00048 0.00138 0.000932 0.0003788
Dow Jones 0.25 0.00015 0.00040 0.000628 0.0001325
CBOE OIL I 0.25 0.00017 0.00217 0.001779 0.0016410
1 0.002137 0.004414 0.003681869 0.00218136212

p/var 0.0124
P s.d. 0.1114
p/mean 0.0801

Risk Return
0.1114 0.0801
Dow Jones Credit Suisse Hedge Fund Index CBOE GOLD Index

Date Close Date Close

Mar-04 296.7 Mar-04 89.56
Apr-04 294.97 -0.005831 Apr-04 70.42 -0.2137115
May-04 294.29 -0.002305 May-04 79.93 0.13504686
Jun-04 295.3 0.003432 Jun-04 77.75 -0.0272739
Jul-04 294.38 -0.003115 Jul-04 77.56 -0.0024437
Aug-04 294.78 0.001359 Aug-04 83.73 0.07955132
Sep-04 297.77 0.010143 Sep-04 92.54 0.10521916
Oct-04 301.59 0.012829 Oct-04 93.61 0.01156257
Nov-04 309.58 0.026493 Nov-04 96.76 0.03365025
Dec-04 314.55 0.016054 Dec-04 88.24 -0.0880529
Jan-05 313.49 -0.00337 Jan-05 81.47 -0.0767226
Feb-05 317.98 0.014323 Feb-05 87.32 0.07180557
Mar-05 317.49 -0.001541 Mar-05 82.34 -0.0570316
Apr-05 314.2 -0.010363 Apr-05 72.87 -0.1150109
May-05 314.66 0.001464 May-05 75.8 0.04020859
Jun-05 318.77 0.013062 Jun-05 83.28 0.09868074
Jul-05 324.9 0.01923 Jul-05 81.23 -0.0246158
Aug-05 327.77 0.008833 Aug-05 86.02 0.05896836
Sep-05 333.1 0.016261 Sep-05 102.38 0.19018833
Oct-05 328.25 -0.01456 Oct-05 97.14 -0.0511819
Nov-05 333.11 0.014806 Nov-05 104.55 0.07628166
Dec-05 338.48 0.016121 Dec-05 119.62 0.14414156
Jan-06 349.4 0.032262 Jan-06 146.83 0.22747032
Feb-06 350.58 0.003377 Feb-06 128.25 -0.1265409
Mar-06 356.96 0.018198 Mar-06 142.35 0.10994152
Apr-06 364.88 0.022187 Apr-06 160.23 0.1256059
May-06 360.14 -0.012991 May-06 144.97 -0.0952381
Jun-06 359.76 -0.001055 Jun-06 146.93 0.01352004
Jul-06 360.79 0.002863 Jul-06 143.14 -0.0257946
Aug-06 363.87 0.008537 Aug-06 150.96 0.05463183
Sep-06 364.34 0.001292 Sep-06 131.25 -0.1305644
Oct-06 370.79 0.017703 Oct-06 142.8 0.088
Nov-06 378.47 0.020713 Nov-06 158.59 0.11057423
Dec-06 385.41 0.018337 Dec-06 148.34 -0.0646321
Jan-07 390.53 0.013285 Jan-07 146.17 -0.0146286
Feb-07 393.42 0.0074 Feb-07 145.55 -0.0042416
Mar-07 398.28 0.012353 Mar-07 142.59 -0.0203367
Apr-07 406.33 0.020212 Apr-07 144.6 0.01409636
May-07 415.71 0.023085 May-07 144.08 -0.0035961
Jun-07 418.95 0.007794 Jun-07 141.02 -0.0212382
Jul-07 418.93 -4.77E-05 Jul-07 151.51 0.07438661
Aug-07 412.52 -0.015301 Aug-07 141.06 -0.0689723
Sep-07 423.68 0.027053 Sep-07 169.24 0.19977315
Oct-07 437.08 0.031628 Oct-07 190.18 0.12372961
Nov-07 431.81 -0.012057 Nov-07 174.48 -0.0825534
Dec-07 433.82 0.004655 Dec-07 174.27 -0.0012036
Jan-08 427.4 -0.014799 Jan-08 192.72 0.1058702
Feb-08 434.26 0.016051 Feb-08 205.01 0.06377127
Mar-08 425.1 -0.021093 Mar-08 186.87 -0.0884835
Apr-08 427.53 0.005716 Apr-08 176.7 -0.0544229
May-08 436.07 0.019975 May-08 186.22 0.05387663
Jun-08 436.05 -4.59E-05 Jun-08 197.66 0.06143271
Jul-08 424.68 -0.026075 Jul-08 171.65 -0.1315896
Aug-08 418.43 -0.014717 Aug-08 152 -0.1144771
Sep-08 391.02 -0.065507 Sep-08 139.77 -0.0804605
Oct-08 366.39 -0.062989 Oct-08 87.53 -0.3737569
Nov-08 351.2 -0.041459 Nov-08 112.09 0.28058951
Dec-08 351.08 -0.000342 Dec-08 138.36 0.23436524
Jan-09 354.92 0.010938 Jan-09 141.19 0.02045389
Feb-09 351.78 -0.008847 Feb-09 143.42 0.01579432
Mar-09 354.08 0.006538 Mar-09 160.54 0.11936968

0.0031 0.0164
0.0192 0.1138

0.0383 0.2155
0.0666 0.3943
4.84
4.49 -0.072314
4.45 -0.008909
4.52 0.01573
4.66 0.030973
4.88 0.04721
4.97 0.018443
5.08 0.022133
5.15 0.01378
5.33 0.034951
5.37 0.007505
5.43 0.011173
5.26 -0.031308
5.35 0.01711
5.54 0.035514
5.7 0.028881
5.75 0.008772
5.84 0.015652
6.1 0.044521
5.96 -0.022951
6.05 0.015101
6.11 0.009917
6.24 0.021277
6.42 0.028846
6.26 -0.024922
6.28 0.003195
6.01 -0.042994
6.07 0.009983
6.33 0.042834
6.49 0.025276
6.51 0.003082
6.66 0.023041
6.76 0.015015
6.87 0.016272
6.86 -0.001456
6.95 0.01312
7.08 0.018705
7.23 0.021186
7.28 0.006916
7.1 -0.024725
6.98 -0.016901
6.84 -0.020057
7.13 0.042398
7.31 0.025245
7.12 -0.025992
7.19 0.009831
7.32 0.018081
7.27 -0.006831
7.12 -0.020633
7.17 0.007022
7.27 0.013947
7.1 -0.023384
7.18 0.011268
7.19 0.001393
6.28 -0.126565
4.77 -0.240446
4.89 0.025157
5.12 0.047035
5.22 0.019531
5.11 -0.021073
5.38 0.052838