Hi, please advise on the attached question? Thanks

1 2 3 4 5 6 7 8 9 10 Name ASX ALL ORDIAEQUS CAPITALLCO FINANAMP ASX AUSTRALIAN E ELMONT HOBISAN B CENTREPOINT CHALLENGER CHANDLER MACLEOD F Code ASXAORD A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 6/20/2003 3055.2 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 7/20/2003 3064.9 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 8/20/2003 3167.7 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 9/20/2003 3223.4 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 10/20/2003 3295.2 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 11/20/2003 3192.7 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 12/20/2003 3238.5 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 1/20/2004 3320.8 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 2/20/2004 3359.6 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 3/20/2004 3429.8 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 4/20/2004 3457.2 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 5/20/2004 3378.9 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 6/20/2004 3523.3 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 7/20/2004 3507.1 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 8/20/2004 3507.8 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 9/20/2004 3641.4 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 10/20/2004 3710.9 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 11/20/2004 3887.3 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 12/20/2004 3998.4 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 1/20/2005 4038.5 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 2/20/2005 4151.8 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 3/20/2005 4236.8 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 4/20/2005 4001 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 5/20/2005 3990.8 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 6/20/2005 4262.3 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 7/20/2005 4263.3 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 8/20/2005 4429.9 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 9/20/2005 4527.2 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 10/20/2005 4345.1 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 11/20/2005 4610.6 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 12/20/2005 4616.7 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 1/20/2006 4806.1 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 2/20/2006 4788.1 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 3/20/2006 4961.6 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 4/20/2006 5225.8 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 5/20/2006 5061.2 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 6/20/2006 4830.8 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 7/20/2006 4967.4 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 8/20/2006 5015.6 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 9/20/2006 4962.5 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 10/20/2006 5304.4 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 11/20/2006 5303.4 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 12/20/2006 5586.9 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 1/20/2007 5652.1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 2/20/2007 5969.4 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 3/20/2007 5856.5 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 4/20/2007 6187.2 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 5/20/2007 6319.7 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 6/20/2007 6421 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 7/20/2007 6456.7 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 8/20/2007 5926.5 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 9/20/2007 6400.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 10/20/2007 6723.3 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 11/20/2007 6490.2 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 12/20/2007 6244.8 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 1/20/2008 5799.4 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 2/20/2008 5577.3 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 3/20/2008 5182.4 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 4/20/2008 5504.1 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 5/20/2008 5994.9 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 6/20/2008 5411.8 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 QUESTION Using the excel data, you will find monthly values for the ASX index and the first 9 constituent companies over a 5 year period. For this question we will only consider the first share: Aequs Capital (A:AQEX). Using the market returns for the entire sample period, as well as the returns for AQEX calculate the Beta ( ) coefficient for AQEX. That is, use regression analysis to estimate Rit = 0 + 1Rmt where i = AQEX and m = ASX PRICE INDEX. This should be done using the three approaches: (a) Use the solver to find the values of 0 and 1 that minimize ei2. n i=1 (b) (c) Ensure that the values of 0 and 1 satisfy the normal equations. Use Excel's regression function to confirm your results in parts (a) and (b). Comment on the value of the coefficient. (please use EXCEL for this question). This question involves students following the instructions presented below to construct the efficient frontier for a portfolio of shares. In the excel data, you will find monthly values for the ASX index and the first 9 constituent companies over a 5 year period, an investor would like to allocate their portfolio across the first nine Australian shares listed (from AQUES to CMGX) in an optimal way by finding the various efficient portfolios. An efficient portfolio is one in which the risk is minimised for a given level of returns. A graph of the possible optimal values of the returns and risk is called the efficient frontier. Again using EXCEL you will first need to find the average monthly returns, then convert the average monthly returns into yearly returns by multiplying each by 12. Transpose this block of cells and name the average returns Ret. Use the covariance command from EXCEL's Data Analysis Tools to find the variance-covariance matrix for these monthly returns. This matrix is symmetrical, so the missing elements can be easily filled in. Name this matrix Mvac. Convert Mvac into the variance-covariance matrix for yearly returns by highlighting the cells and entering =12*Mvac [Ctrl]+[Shft]+[Enter]. Name this block Vac. Enter the initial guesses for the optimal weights for the shares and name this block of cells Wts. Transpose these weights and name this block Twts. Find the expected return for the portfolio using =MMULT (Wts, Ret) [Ctrl]+[Shft]+[Enter]. Call this cell Pret. Finding the variance of portfolio returns requires three stages. First, highlight the appropriate cells and enter =MMULT (Wts,Vac) [Ctrl]+[Shft]+[Enter]. Name this block Tvac. Second, highlight a single cell and enter =MMULT (Tvac, Twts) [Ctrl]+[Shft]+ [Enter]. Call this cell Pvar. Next, find the portfolio risk, or square root of the portfolio variance and name this cell Prsk. To ensure that the portfolio weights sum to one, enter eight 1's and name this block Unit. To find the expression for the sum of the weights by entering =MMULT ( Unit, Twts) [Ctrl]+[Shft]+[Enter]. Name this cell Wtcn. Using this work sheet and the EXCEL Solver Tool find the minimum risk for the portfolio for the various expected returns (I suggest performing the exercise for about ten different expected returns, chosen to ensure a solution can be found). In each case you must constrain the weights so they are nonnegative and sum to one. Use these values to graph the Efficient Frontier with risk on the horizontal axis and returns on the vertical axis. Write a brief report explaining how your portfolio changes as you try different expected returns. 1 Name ASX ALL ORDINARIES - PRIC AEQUS CAPITAL Code ASXAORD A:AQEX 6/20/2003 3055.2 7/20/2003 3064.9 8/20/2003 3167.7 9/20/2003 3223.4 10/20/2003 3295.2 11/20/2003 3192.7 12/20/2003 3238.5 1/20/2004 3320.8 2/20/2004 3359.6 3/20/2004 3429.8 4/20/2004 3457.2 5/20/2004 3378.9 6/20/2004 3523.3 7/20/2004 3507.1 8/20/2004 3507.8 9/20/2004 3641.4 10/20/2004 3710.9 11/20/2004 3887.3 12/20/2004 3998.4 1/20/2005 4038.5 2/20/2005 4151.8 3/20/2005 4236.8 4/20/2005 4001 5/20/2005 3990.8 6/20/2005 4262.3 7/20/2005 4263.3 8/20/2005 4429.9 9/20/2005 4527.2 10/20/2005 4345.1 11/20/2005 4610.6 12/20/2005 4616.7 1/20/2006 4806.1 2/20/2006 4788.1 3/20/2006 4961.6 4/20/2006 5225.8 5/20/2006 5061.2 6/20/2006 4830.8 7/20/2006 4967.4 8/20/2006 5015.6 9/20/2006 4962.5 10/20/2006 5304.4 11/20/2006 5303.4 12/20/2006 5586.9 1/20/2007 5652.1 2/20/2007 5969.4 3/20/2007 5856.5 4/20/2007 6187.2 5/20/2007 6319.7 6/20/2007 6421 7/20/2007 6456.7 8/20/2007 5926.5 9/20/2007 6400.9 10/20/2007 6723.3 11/20/2007 6490.2 12/20/2007 6244.8 1/20/2008 5799.4 2/20/2008 5577.3 3/20/2008 5182.4 4/20/2008 5504.1 5/20/2008 5994.9 6/20/2008 5411.8 2 3 4 5 6 7 8 9 10 ALLCO FINANCE GROUP AMP ASX AUSTRALIAN ETHICAL INVS. BELMONT HOLDINGS BISAN CENTREPOINT ALL. CHALLENGER FINL.SVS.GP. CHANDLER MACLEOD A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 1 Name Code 7/20/2003 8/20/2003 9/20/2003 10/20/2003 11/20/2003 12/20/2003 1/20/2004 2/20/2004 3/20/2004 4/20/2004 5/20/2004 6/20/2004 7/20/2004 8/20/2004 9/20/2004 10/20/2004 11/20/2004 12/20/2004 1/20/2005 2/20/2005 3/20/2005 4/20/2005 5/20/2005 6/20/2005 7/20/2005 8/20/2005 9/20/2005 10/20/2005 11/20/2005 12/20/2005 1/20/2006 2/20/2006 3/20/2006 4/20/2006 5/20/2006 6/20/2006 7/20/2006 8/20/2006 9/20/2006 10/20/2006 11/20/2006 12/20/2006 1/20/2007 2/20/2007 3/20/2007 4/20/2007 5/20/2007 6/20/2007 7/20/2007 8/20/2007 9/20/2007 10/20/2007 11/20/2007 12/20/2007 1/20/2008 2/20/2008 3/20/2008 4/20/2008 5/20/2008 6/20/2008 ASX ALL ORDINARIES - PRIC AEQUS CAPITAL ASXAORD A:AQEX 0.14% 1.43% 0.76% 0.96% -1.37% 0.62% 1.09% 0.50% 0.90% 0.35% -0.99% 1.82% -0.20% 0.01% 1.62% 0.82% 2.02% 1.22% 0.43% 1.20% 0.88% -2.49% -0.11% 2.86% 0.01% 1.66% 0.94% -1.78% 2.58% 0.06% 1.75% -0.16% 1.55% 2.25% -1.39% -2.02% 1.21% 0.42% -0.46% 2.89% -0.01% 2.26% 0.50% 2.37% -0.83% 2.39% 0.92% 0.69% 0.24% -3.72% 3.34% 2.13% -1.53% -1.67% -3.21% -1.70% -3.19% 2.62% 3.71% -4.44% 2 ALLCO FINANCE GROUP A:AFGX 3.00% 12.49% -11.07% 0.00% 4.01% 13.13% -1.93% 5.55% -4.58% 0.95% 0.00% -1.93% 1.93% 0.00% 12.26% 6.59% 5.18% -2.23% 2.23% -20.41% 0.00% 7.19% -2.27% 1.52% 0.00% 2.90% -10.22% 2.58% 0.00% 3.22% -9.50% 8.72% -5.02% 0.88% 0.00% -9.69% 2.12% 3.00% 2.80% 1.77% 0.86% 2.48% 0.00% 3.10% 1.47% -6.21% 12.91% 0.00% 3.57% 0.57% -8.03% 2.63% 2.48% -1.22% 5.80% -5.80% -11.27% -5.12% -1.85% -0.95% 3.79% 2.25% -2.68% 1.58% -0.43% 2.76% 2.84% 3.37% -2.01% 1.20% 2.55% 2.59% 0.76% 3.30% -1.21% 6.09% 1.83% 5.59% 1.54% 0.86% -2.10% -4.71% -1.18% 5.59% -0.23% 4.16% 3.04% -2.49% 9.22% -0.88% 1.53% 6.58% 2.99% 1.07% 0.83% 0.98% -1.10% 4.60% -5.99% 3.41% -1.53% 7.68% -3.84% 0.78% -3.41% 3.45% -1.01% -0.65% -0.42% -10.08% -3.66% 2.72% -9.65% -8.48% -7.84% -19.69% -116.21% 40.61% -4.71% -10.15% 3 4 AMP ASX A:AMPX A:ASXX -0.68% -4.04% 16.24% -0.13% -1.83% -2.13% -1.19% -1.70% 7.76% 2.81% -1.31% 2.28% 2.86% -0.91% 0.77% -0.14% 3.67% 1.69% 3.32% -1.33% 0.29% -5.41% 2.90% 1.10% -0.97% 3.82% 1.77% -2.00% 2.41% -0.29% 2.46% 1.60% 2.44% 0.15% 3.42% -2.75% 1.84% 0.34% -0.24% 1.76% -0.52% 2.65% 2.29% 1.97% -2.27% 2.39% -0.73% 0.80% 0.50% -3.06% 2.57% -0.50% -1.06% -1.27% -5.13% -5.70% -0.06% 2.00% -1.27% -6.45% -0.96% 0.92% 3.51% 1.91% 2.03% 2.14% -0.05% 1.19% -1.08% -1.25% -2.18% 0.81% 0.17% -2.44% 2.33% 5.14% 4.24% 0.56% 3.00% 2.30% -2.41% -1.17% 0.63% 3.02% 3.19% 3.48% 2.12% 0.98% 4.67% 0.55% 3.51% -1.70% 0.72% -0.44% -3.95% 2.15% 4.30% -3.35% -0.61% 5.50% -1.30% 3.73% 0.16% 6.15% -1.61% 5.62% 1.61% 1.30% 0.27% -4.80% 3.32% 4.62% 0.56% 0.75% -8.35% -4.81% -8.33% 1.66% -0.14% -5.20% 5 AUSTRALIAN ETHICAL INVS. A:AEFX 0.00% 1.70% 2.69% 3.34% -1.64% -1.70% -1.77% 1.77% 0.00% -1.77% 0.90% -0.90% 8.81% -0.59% 0.89% 0.58% 2.80% 0.00% 5.83% 7.00% -5.14% -3.80% -1.90% 1.15% 1.97% 2.35% 7.82% 0.66% 3.43% 2.94% 4.98% 3.07% -0.95% -6.69% 1.58% 0.92% -0.92% -1.58% 3.10% 4.81% 0.80% 6.69% 7.74% 1.84% -0.45% -0.92% 4.01% 3.28% -6.60% -0.23% 4.39% 1.64% -1.64% 1.24% -3.37% -2.25% -12.80% -0.31% 12.65% -8.77% 6 BELMONT HOLDINGS A:BETX 0.00% 0.00% 3.14% 17.94% 0.00% 0.33% 4.41% 0.00% 0.00% 4.28% -2.80% 0.00% 2.53% 0.00% 0.27% 9.69% 15.38% 2.23% -3.00% 0.46% -10.94% -4.80% 0.00% 0.00% -7.70% 0.00% 1.30% 2.96% 1.18% 0.00% -4.14% -6.91% 1.47% 0.00% -3.00% 3.00% 0.00% 0.00% 6.69% 0.00% 4.70% 0.00% 0.00% 2.17% 5.93% 0.91% -1.85% 0.00% -0.95% 0.95% -2.93% 3.86% -2.86% -4.14% -4.58% 1.19% 0.00% 0.00% 1.16% 0.00% 7 BISAN A:BSNX 7.92% 0.00% 0.00% 15.49% -20.99% 43.18% -38.72% 74.89% -3.95% -2.12% 2.12% -2.12% -9.69% -9.02% 4.74% -12.00% -4.14% 7.92% 0.00% -7.92% 0.00% 0.00% 0.00% -30.10% 1.70% 0.00% -1.70% 0.00% -8.62% 13.54% 25.18% 0.00% 0.00% -4.58% -13.47% 0.65% 1.90% 0.00% 0.00% 0.00% 0.00% -6.69% 0.72% 0.71% 32.16% 7.64% -2.90% -20.71% 23.61% -7.64% -13.62% 6.37% 0.00% -8.72% 0.00% -10.91% 0.00% -14.61% 39.79% -7.57% 8 CENTREPOINT ALL. A:CAFX -3.08% 2.48% 0.60% 3.98% -4.58% 0.00% 2.35% 2.23% 5.12% -1.97% -2.07% 6.85% 5.91% 0.00% -0.80% 3.10% 2.19% -2.95% 5.70% 0.00% 8.47% -2.26% -0.58% 3.39% 6.07% 0.93% -0.93% -5.00% -0.80% -4.55% 4.28% -3.39% 2.29% 5.97% 5.25% 4.49% 4.07% -4.85% 4.85% 3.07% 0.00% -2.02% -2.12% -3.00% -9.50% -3.00% -0.52% -5.58% 0.00% -12.30% 2.31% 1.47% -5.80% -8.67% -3.14% -12.49% 0.00% -7.92% 0.00% -11.92% 9 CHALLENGER FINL.SVS.GP. A:CGFX -2.44% 0.00% 2.44% -1.61% -3.85% -0.90% 3.93% 0.00% -0.84% 0.00% -4.96% -0.48% 1.89% -1.89% 1.42% 11.07% 0.72% -2.49% 3.75% 2.55% 1.16% -2.62% -1.93% 1.11% 1.09% 0.53% 8.84% -3.25% 2.27% 0.77% -0.88% 0.22% -3.56% -0.85% -4.09% -0.13% -1.23% 0.69% 4.03% -0.62% 1.97% 5.53% 2.67% 1.95% 1.13% 6.21% 2.80% 1.26% -1.19% -10.41% 9.04% 3.58% 1.20% -10.15% -7.15% -20.89% -12.33% 1.10% 4.53% -4.53% 10 CHANDLER MACLEOD A:CMGX 0.00% 14.60% 15.50% -2.20% -2.35% -7.94% 0.00% 14.62% -6.68% 0.00% -1.25% 1.25% 0.00% 4.55% 0.00% -4.55% 1.17% 3.38% -2.20% 2.20% 9.69% -1.75% 2.63% -16.75% -2.18% -3.25% 0.95% -3.18% 0.25% -10.20% -4.01% 0.00% 12.67% -5.58% 0.30% 0.88% 0.00% 2.80% -1.10% 1.10% 5.60% 4.10% 1.70% 1.64% -1.22% 0.41% -0.83% -1.92% 0.22% -4.58% 0.00% -2.48% 2.00% -0.49% -1.51% -2.63% -1.10% -11.39% -8.80% -34.78% Monthly return Annual return A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX 0.34% -1.40% 0.46% 0.64% 4.1% -16.8% 5.6% 7.7% 4.1% -16.8% 5.6% 7.7% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.88% 0.63% 0.80% -0.47% -0.23% -0.71% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% 1 Name ASX ALL ORDINARIES - PRIC AEQUS CAPITAL Code ASXAORD A:AQEX 6/20/2003 3055.2 7/20/2003 3064.9 8/20/2003 3167.7 9/20/2003 3223.4 10/20/2003 3295.2 11/20/2003 3192.7 12/20/2003 3238.5 1/20/2004 3320.8 2/20/2004 3359.6 3/20/2004 3429.8 4/20/2004 3457.2 5/20/2004 3378.9 6/20/2004 3523.3 7/20/2004 3507.1 8/20/2004 3507.8 9/20/2004 3641.4 10/20/2004 3710.9 11/20/2004 3887.3 12/20/2004 3998.4 1/20/2005 4038.5 2/20/2005 4151.8 3/20/2005 4236.8 4/20/2005 4001 5/20/2005 3990.8 6/20/2005 4262.3 7/20/2005 4263.3 8/20/2005 4429.9 9/20/2005 4527.2 10/20/2005 4345.1 11/20/2005 4610.6 12/20/2005 4616.7 1/20/2006 4806.1 2/20/2006 4788.1 3/20/2006 4961.6 4/20/2006 5225.8 5/20/2006 5061.2 6/20/2006 4830.8 7/20/2006 4967.4 8/20/2006 5015.6 9/20/2006 4962.5 10/20/2006 5304.4 11/20/2006 5303.4 12/20/2006 5586.9 1/20/2007 5652.1 2/20/2007 5969.4 3/20/2007 5856.5 4/20/2007 6187.2 5/20/2007 6319.7 6/20/2007 6421 7/20/2007 6456.7 8/20/2007 5926.5 9/20/2007 6400.9 10/20/2007 6723.3 11/20/2007 6490.2 12/20/2007 6244.8 1/20/2008 5799.4 2/20/2008 5577.3 3/20/2008 5182.4 4/20/2008 5504.1 5/20/2008 5994.9 6/20/2008 5411.8 2 3 4 5 6 7 8 9 10 ALLCO FINANCE GROUP AMP ASX AUSTRALIAN ETHICAL INVS. BELMONT HOLDINGS BISAN CENTREPOINT ALL. CHALLENGER FINL.SVS.GP. CHANDLER MACLEOD A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 1 Name Code 7/20/2003 8/20/2003 9/20/2003 10/20/2003 11/20/2003 12/20/2003 1/20/2004 2/20/2004 3/20/2004 4/20/2004 5/20/2004 6/20/2004 7/20/2004 8/20/2004 9/20/2004 10/20/2004 11/20/2004 12/20/2004 1/20/2005 2/20/2005 3/20/2005 4/20/2005 5/20/2005 6/20/2005 7/20/2005 8/20/2005 9/20/2005 10/20/2005 11/20/2005 12/20/2005 1/20/2006 2/20/2006 3/20/2006 4/20/2006 5/20/2006 6/20/2006 7/20/2006 8/20/2006 9/20/2006 10/20/2006 11/20/2006 12/20/2006 1/20/2007 2/20/2007 3/20/2007 4/20/2007 5/20/2007 6/20/2007 7/20/2007 8/20/2007 9/20/2007 10/20/2007 11/20/2007 12/20/2007 1/20/2008 2/20/2008 3/20/2008 4/20/2008 5/20/2008 6/20/2008 ASX ALL ORDINARIES - PRIC AEQUS CAPITAL ASXAORD A:AQEX 0.14% 1.43% 0.76% 0.96% -1.37% 0.62% 1.09% 0.50% 0.90% 0.35% -0.99% 1.82% -0.20% 0.01% 1.62% 0.82% 2.02% 1.22% 0.43% 1.20% 0.88% -2.49% -0.11% 2.86% 0.01% 1.66% 0.94% -1.78% 2.58% 0.06% 1.75% -0.16% 1.55% 2.25% -1.39% -2.02% 1.21% 0.42% -0.46% 2.89% -0.01% 2.26% 0.50% 2.37% -0.83% 2.39% 0.92% 0.69% 0.24% -3.72% 3.34% 2.13% -1.53% -1.67% -3.21% -1.70% -3.19% 2.62% 3.71% -4.44% 2 ALLCO FINANCE GROUP A:AFGX 3.00% 12.49% -11.07% 0.00% 4.01% 13.13% -1.93% 5.55% -4.58% 0.95% 0.00% -1.93% 1.93% 0.00% 12.26% 6.59% 5.18% -2.23% 2.23% -20.41% 0.00% 7.19% -2.27% 1.52% 0.00% 2.90% -10.22% 2.58% 0.00% 3.22% -9.50% 8.72% -5.02% 0.88% 0.00% -9.69% 2.12% 3.00% 2.80% 1.77% 0.86% 2.48% 0.00% 3.10% 1.47% -6.21% 12.91% 0.00% 3.57% 0.57% -8.03% 2.63% 2.48% -1.22% 5.80% -5.80% -11.27% -5.12% -1.85% -0.95% 3.79% 2.25% -2.68% 1.58% -0.43% 2.76% 2.84% 3.37% -2.01% 1.20% 2.55% 2.59% 0.76% 3.30% -1.21% 6.09% 1.83% 5.59% 1.54% 0.86% -2.10% -4.71% -1.18% 5.59% -0.23% 4.16% 3.04% -2.49% 9.22% -0.88% 1.53% 6.58% 2.99% 1.07% 0.83% 0.98% -1.10% 4.60% -5.99% 3.41% -1.53% 7.68% -3.84% 0.78% -3.41% 3.45% -1.01% -0.65% -0.42% -10.08% -3.66% 2.72% -9.65% -8.48% -7.84% -19.69% -116.21% 40.61% -4.71% -10.15% 3 4 AMP ASX A:AMPX A:ASXX -0.68% -4.04% 16.24% -0.13% -1.83% -2.13% -1.19% -1.70% 7.76% 2.81% -1.31% 2.28% 2.86% -0.91% 0.77% -0.14% 3.67% 1.69% 3.32% -1.33% 0.29% -5.41% 2.90% 1.10% -0.97% 3.82% 1.77% -2.00% 2.41% -0.29% 2.46% 1.60% 2.44% 0.15% 3.42% -2.75% 1.84% 0.34% -0.24% 1.76% -0.52% 2.65% 2.29% 1.97% -2.27% 2.39% -0.73% 0.80% 0.50% -3.06% 2.57% -0.50% -1.06% -1.27% -5.13% -5.70% -0.06% 2.00% -1.27% -6.45% -0.96% 0.92% 3.51% 1.91% 2.03% 2.14% -0.05% 1.19% -1.08% -1.25% -2.18% 0.81% 0.17% -2.44% 2.33% 5.14% 4.24% 0.56% 3.00% 2.30% -2.41% -1.17% 0.63% 3.02% 3.19% 3.48% 2.12% 0.98% 4.67% 0.55% 3.51% -1.70% 0.72% -0.44% -3.95% 2.15% 4.30% -3.35% -0.61% 5.50% -1.30% 3.73% 0.16% 6.15% -1.61% 5.62% 1.61% 1.30% 0.27% -4.80% 3.32% 4.62% 0.56% 0.75% -8.35% -4.81% -8.33% 1.66% -0.14% -5.20% 5 AUSTRALIAN ETHICAL INVS. A:AEFX 0.00% 1.70% 2.69% 3.34% -1.64% -1.70% -1.77% 1.77% 0.00% -1.77% 0.90% -0.90% 8.81% -0.59% 0.89% 0.58% 2.80% 0.00% 5.83% 7.00% -5.14% -3.80% -1.90% 1.15% 1.97% 2.35% 7.82% 0.66% 3.43% 2.94% 4.98% 3.07% -0.95% -6.69% 1.58% 0.92% -0.92% -1.58% 3.10% 4.81% 0.80% 6.69% 7.74% 1.84% -0.45% -0.92% 4.01% 3.28% -6.60% -0.23% 4.39% 1.64% -1.64% 1.24% -3.37% -2.25% -12.80% -0.31% 12.65% -8.77% 6 BELMONT HOLDINGS A:BETX 0.00% 0.00% 3.14% 17.94% 0.00% 0.33% 4.41% 0.00% 0.00% 4.28% -2.80% 0.00% 2.53% 0.00% 0.27% 9.69% 15.38% 2.23% -3.00% 0.46% -10.94% -4.80% 0.00% 0.00% -7.70% 0.00% 1.30% 2.96% 1.18% 0.00% -4.14% -6.91% 1.47% 0.00% -3.00% 3.00% 0.00% 0.00% 6.69% 0.00% 4.70% 0.00% 0.00% 2.17% 5.93% 0.91% -1.85% 0.00% -0.95% 0.95% -2.93% 3.86% -2.86% -4.14% -4.58% 1.19% 0.00% 0.00% 1.16% 0.00% 7 BISAN A:BSNX 7.92% 0.00% 0.00% 15.49% -20.99% 43.18% -38.72% 74.89% -3.95% -2.12% 2.12% -2.12% -9.69% -9.02% 4.74% -12.00% -4.14% 7.92% 0.00% -7.92% 0.00% 0.00% 0.00% -30.10% 1.70% 0.00% -1.70% 0.00% -8.62% 13.54% 25.18% 0.00% 0.00% -4.58% -13.47% 0.65% 1.90% 0.00% 0.00% 0.00% 0.00% -6.69% 0.72% 0.71% 32.16% 7.64% -2.90% -20.71% 23.61% -7.64% -13.62% 6.37% 0.00% -8.72% 0.00% -10.91% 0.00% -14.61% 39.79% -7.57% 8 CENTREPOINT ALL. A:CAFX -3.08% 2.48% 0.60% 3.98% -4.58% 0.00% 2.35% 2.23% 5.12% -1.97% -2.07% 6.85% 5.91% 0.00% -0.80% 3.10% 2.19% -2.95% 5.70% 0.00% 8.47% -2.26% -0.58% 3.39% 6.07% 0.93% -0.93% -5.00% -0.80% -4.55% 4.28% -3.39% 2.29% 5.97% 5.25% 4.49% 4.07% -4.85% 4.85% 3.07% 0.00% -2.02% -2.12% -3.00% -9.50% -3.00% -0.52% -5.58% 0.00% -12.30% 2.31% 1.47% -5.80% -8.67% -3.14% -12.49% 0.00% -7.92% 0.00% -11.92% 9 CHALLENGER FINL.SVS.GP. A:CGFX -2.44% 0.00% 2.44% -1.61% -3.85% -0.90% 3.93% 0.00% -0.84% 0.00% -4.96% -0.48% 1.89% -1.89% 1.42% 11.07% 0.72% -2.49% 3.75% 2.55% 1.16% -2.62% -1.93% 1.11% 1.09% 0.53% 8.84% -3.25% 2.27% 0.77% -0.88% 0.22% -3.56% -0.85% -4.09% -0.13% -1.23% 0.69% 4.03% -0.62% 1.97% 5.53% 2.67% 1.95% 1.13% 6.21% 2.80% 1.26% -1.19% -10.41% 9.04% 3.58% 1.20% -10.15% -7.15% -20.89% -12.33% 1.10% 4.53% -4.53% 10 CHANDLER MACLEOD A:CMGX 0.00% 14.60% 15.50% -2.20% -2.35% -7.94% 0.00% 14.62% -6.68% 0.00% -1.25% 1.25% 0.00% 4.55% 0.00% -4.55% 1.17% 3.38% -2.20% 2.20% 9.69% -1.75% 2.63% -16.75% -2.18% -3.25% 0.95% -3.18% 0.25% -10.20% -4.01% 0.00% 12.67% -5.58% 0.30% 0.88% 0.00% 2.80% -1.10% 1.10% 5.60% 4.10% 1.70% 1.64% -1.22% 0.41% -0.83% -1.92% 0.22% -4.58% 0.00% -2.48% 2.00% -0.49% -1.51% -2.63% -1.10% -11.39% -8.80% -34.78% Monthly return Annual return A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX 0.34% -1.40% 0.46% 0.64% 4.1% -16.8% 5.6% 7.7% 4.1% -16.8% 5.6% 7.7% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.88% 0.63% 0.80% -0.47% -0.23% -0.71% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:AFGX 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:BETX 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX A:CAFX A:CGFX A:CMGX 0.0277813 0.0003835 0.0022891 0.0002343 0.00100601 0.002451 0.0020637 0.00106065 0.0003602 0.0051228 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 0.0274448 0.0007758 0.0025297 0.002993 0.0010921 0.0004189 0.0003935 0.0009748 0.0006492 0.0017369 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 0.0003835 0.0002343 0.0020637 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 0.00100601 0.00106065 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 0.0003602 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AFGX 0.0021922 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX -0.000563 0.0007758 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 5.29E-005 0.0025297 0.0004189 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX -0.000142 0.002993 0.0003935 0.0006492 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.044407 0.026307 -0.006758 0.000635 -0.001701 -0.000249 0.021795 -0.000777 0.002052 -0.00134 A:AFGX 0.026307 0.329338 0.009309 0.030356 0.035916 0.004196 -0.006693 0.006259 0.04452 0.001986 A:AMPX -0.006758 0.009309 0.013105 0.005027 0.004721 0.001821 -0.006077 0.007169 0.007132 0.009004 A:ASXX 0.000635 0.030356 0.005027 0.011697 0.00779 0.003871 0.002485 0.005886 0.011595 0.003956 A:AEFX -0.001701 0.035916 0.004721 0.00779 0.020843 0.002966 0.007493 0.004458 0.012281 0.005831 A:BETX -0.000249 0.004196 0.001821 0.003871 0.002966 0.023786 0.002172 0.000438 0.004177 -0.000658 A:BSNX 0.021795 -0.006693 -0.006077 0.002485 0.007493 0.002172 0.333376 0.004602 0.002812 0.024764 A:CAFX -0.000777 0.006259 0.007169 0.005886 0.004458 0.000438 0.004602 0.027469 0.012072 0.012728 A:CGFX 0.002052 0.04452 0.007132 0.011595 0.012281 0.004177 0.002812 0.012072 0.029412 0.004323 A:CMGX -0.00134 0.001986 0.009004 0.003956 0.005831 -0.000658 0.024764 0.012728 0.004323 0.061474 1 Name ASX ALL ORDINARIES - PRIC AEQUS CAPITAL Code ASXAORD A:AQEX 6/20/2003 3055.2 7/20/2003 3064.9 8/20/2003 3167.7 9/20/2003 3223.4 10/20/2003 3295.2 11/20/2003 3192.7 12/20/2003 3238.5 1/20/2004 3320.8 2/20/2004 3359.6 3/20/2004 3429.8 4/20/2004 3457.2 5/20/2004 3378.9 6/20/2004 3523.3 7/20/2004 3507.1 8/20/2004 3507.8 9/20/2004 3641.4 10/20/2004 3710.9 11/20/2004 3887.3 12/20/2004 3998.4 1/20/2005 4038.5 2/20/2005 4151.8 3/20/2005 4236.8 4/20/2005 4001 5/20/2005 3990.8 6/20/2005 4262.3 7/20/2005 4263.3 8/20/2005 4429.9 9/20/2005 4527.2 10/20/2005 4345.1 11/20/2005 4610.6 12/20/2005 4616.7 1/20/2006 4806.1 2/20/2006 4788.1 3/20/2006 4961.6 4/20/2006 5225.8 5/20/2006 5061.2 6/20/2006 4830.8 7/20/2006 4967.4 8/20/2006 5015.6 9/20/2006 4962.5 10/20/2006 5304.4 11/20/2006 5303.4 12/20/2006 5586.9 1/20/2007 5652.1 2/20/2007 5969.4 3/20/2007 5856.5 4/20/2007 6187.2 5/20/2007 6319.7 6/20/2007 6421 7/20/2007 6456.7 8/20/2007 5926.5 9/20/2007 6400.9 10/20/2007 6723.3 11/20/2007 6490.2 12/20/2007 6244.8 1/20/2008 5799.4 2/20/2008 5577.3 3/20/2008 5182.4 4/20/2008 5504.1 5/20/2008 5994.9 6/20/2008 5411.8 2 3 4 5 6 7 8 9 10 ALLCO FINANCE GROUP AMP ASX AUSTRALIAN ETHICAL INVS. BELMONT HOLDINGS BISAN CENTREPOINT ALL. CHALLENGER FINL.SVS.GP. CHANDLER MACLEOD A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 1 Name Code 7/20/2003 8/20/2003 9/20/2003 10/20/2003 11/20/2003 12/20/2003 1/20/2004 2/20/2004 3/20/2004 4/20/2004 5/20/2004 6/20/2004 7/20/2004 8/20/2004 9/20/2004 10/20/2004 11/20/2004 12/20/2004 1/20/2005 2/20/2005 3/20/2005 4/20/2005 5/20/2005 6/20/2005 7/20/2005 8/20/2005 9/20/2005 10/20/2005 11/20/2005 12/20/2005 1/20/2006 2/20/2006 3/20/2006 4/20/2006 5/20/2006 6/20/2006 7/20/2006 8/20/2006 9/20/2006 10/20/2006 11/20/2006 12/20/2006 1/20/2007 2/20/2007 3/20/2007 4/20/2007 5/20/2007 6/20/2007 7/20/2007 8/20/2007 9/20/2007 10/20/2007 11/20/2007 12/20/2007 1/20/2008 2/20/2008 3/20/2008 4/20/2008 5/20/2008 6/20/2008 ASX ALL ORDINARIES - PRIC AEQUS CAPITAL ASXAORD A:AQEX 0.14% 1.43% 0.76% 0.96% -1.37% 0.62% 1.09% 0.50% 0.90% 0.35% -0.99% 1.82% -0.20% 0.01% 1.62% 0.82% 2.02% 1.22% 0.43% 1.20% 0.88% -2.49% -0.11% 2.86% 0.01% 1.66% 0.94% -1.78% 2.58% 0.06% 1.75% -0.16% 1.55% 2.25% -1.39% -2.02% 1.21% 0.42% -0.46% 2.89% -0.01% 2.26% 0.50% 2.37% -0.83% 2.39% 0.92% 0.69% 0.24% -3.72% 3.34% 2.13% -1.53% -1.67% -3.21% -1.70% -3.19% 2.62% 3.71% -4.44% 2 ALLCO FINANCE GROUP A:AFGX 3.00% 12.49% -11.07% 0.00% 4.01% 13.13% -1.93% 5.55% -4.58% 0.95% 0.00% -1.93% 1.93% 0.00% 12.26% 6.59% 5.18% -2.23% 2.23% -20.41% 0.00% 7.19% -2.27% 1.52% 0.00% 2.90% -10.22% 2.58% 0.00% 3.22% -9.50% 8.72% -5.02% 0.88% 0.00% -9.69% 2.12% 3.00% 2.80% 1.77% 0.86% 2.48% 0.00% 3.10% 1.47% -6.21% 12.91% 0.00% 3.57% 0.57% -8.03% 2.63% 2.48% -1.22% 5.80% -5.80% -11.27% -5.12% -1.85% -0.95% 3.79% 2.25% -2.68% 1.58% -0.43% 2.76% 2.84% 3.37% -2.01% 1.20% 2.55% 2.59% 0.76% 3.30% -1.21% 6.09% 1.83% 5.59% 1.54% 0.86% -2.10% -4.71% -1.18% 5.59% -0.23% 4.16% 3.04% -2.49% 9.22% -0.88% 1.53% 6.58% 2.99% 1.07% 0.83% 0.98% -1.10% 4.60% -5.99% 3.41% -1.53% 7.68% -3.84% 0.78% -3.41% 3.45% -1.01% -0.65% -0.42% -10.08% -3.66% 2.72% -9.65% -8.48% -7.84% -19.69% -116.21% 40.61% -4.71% -10.15% 3 4 AMP ASX A:AMPX A:ASXX -0.68% -4.04% 16.24% -0.13% -1.83% -2.13% -1.19% -1.70% 7.76% 2.81% -1.31% 2.28% 2.86% -0.91% 0.77% -0.14% 3.67% 1.69% 3.32% -1.33% 0.29% -5.41% 2.90% 1.10% -0.97% 3.82% 1.77% -2.00% 2.41% -0.29% 2.46% 1.60% 2.44% 0.15% 3.42% -2.75% 1.84% 0.34% -0.24% 1.76% -0.52% 2.65% 2.29% 1.97% -2.27% 2.39% -0.73% 0.80% 0.50% -3.06% 2.57% -0.50% -1.06% -1.27% -5.13% -5.70% -0.06% 2.00% -1.27% -6.45% -0.96% 0.92% 3.51% 1.91% 2.03% 2.14% -0.05% 1.19% -1.08% -1.25% -2.18% 0.81% 0.17% -2.44% 2.33% 5.14% 4.24% 0.56% 3.00% 2.30% -2.41% -1.17% 0.63% 3.02% 3.19% 3.48% 2.12% 0.98% 4.67% 0.55% 3.51% -1.70% 0.72% -0.44% -3.95% 2.15% 4.30% -3.35% -0.61% 5.50% -1.30% 3.73% 0.16% 6.15% -1.61% 5.62% 1.61% 1.30% 0.27% -4.80% 3.32% 4.62% 0.56% 0.75% -8.35% -4.81% -8.33% 1.66% -0.14% -5.20% 5 AUSTRALIAN ETHICAL INVS. A:AEFX 0.00% 1.70% 2.69% 3.34% -1.64% -1.70% -1.77% 1.77% 0.00% -1.77% 0.90% -0.90% 8.81% -0.59% 0.89% 0.58% 2.80% 0.00% 5.83% 7.00% -5.14% -3.80% -1.90% 1.15% 1.97% 2.35% 7.82% 0.66% 3.43% 2.94% 4.98% 3.07% -0.95% -6.69% 1.58% 0.92% -0.92% -1.58% 3.10% 4.81% 0.80% 6.69% 7.74% 1.84% -0.45% -0.92% 4.01% 3.28% -6.60% -0.23% 4.39% 1.64% -1.64% 1.24% -3.37% -2.25% -12.80% -0.31% 12.65% -8.77% 6 BELMONT HOLDINGS A:BETX 0.00% 0.00% 3.14% 17.94% 0.00% 0.33% 4.41% 0.00% 0.00% 4.28% -2.80% 0.00% 2.53% 0.00% 0.27% 9.69% 15.38% 2.23% -3.00% 0.46% -10.94% -4.80% 0.00% 0.00% -7.70% 0.00% 1.30% 2.96% 1.18% 0.00% -4.14% -6.91% 1.47% 0.00% -3.00% 3.00% 0.00% 0.00% 6.69% 0.00% 4.70% 0.00% 0.00% 2.17% 5.93% 0.91% -1.85% 0.00% -0.95% 0.95% -2.93% 3.86% -2.86% -4.14% -4.58% 1.19% 0.00% 0.00% 1.16% 0.00% 7 BISAN A:BSNX 7.92% 0.00% 0.00% 15.49% -20.99% 43.18% -38.72% 74.89% -3.95% -2.12% 2.12% -2.12% -9.69% -9.02% 4.74% -12.00% -4.14% 7.92% 0.00% -7.92% 0.00% 0.00% 0.00% -30.10% 1.70% 0.00% -1.70% 0.00% -8.62% 13.54% 25.18% 0.00% 0.00% -4.58% -13.47% 0.65% 1.90% 0.00% 0.00% 0.00% 0.00% -6.69% 0.72% 0.71% 32.16% 7.64% -2.90% -20.71% 23.61% -7.64% -13.62% 6.37% 0.00% -8.72% 0.00% -10.91% 0.00% -14.61% 39.79% -7.57% 8 CENTREPOINT ALL. A:CAFX -3.08% 2.48% 0.60% 3.98% -4.58% 0.00% 2.35% 2.23% 5.12% -1.97% -2.07% 6.85% 5.91% 0.00% -0.80% 3.10% 2.19% -2.95% 5.70% 0.00% 8.47% -2.26% -0.58% 3.39% 6.07% 0.93% -0.93% -5.00% -0.80% -4.55% 4.28% -3.39% 2.29% 5.97% 5.25% 4.49% 4.07% -4.85% 4.85% 3.07% 0.00% -2.02% -2.12% -3.00% -9.50% -3.00% -0.52% -5.58% 0.00% -12.30% 2.31% 1.47% -5.80% -8.67% -3.14% -12.49% 0.00% -7.92% 0.00% -11.92% 9 CHALLENGER FINL.SVS.GP. A:CGFX -2.44% 0.00% 2.44% -1.61% -3.85% -0.90% 3.93% 0.00% -0.84% 0.00% -4.96% -0.48% 1.89% -1.89% 1.42% 11.07% 0.72% -2.49% 3.75% 2.55% 1.16% -2.62% -1.93% 1.11% 1.09% 0.53% 8.84% -3.25% 2.27% 0.77% -0.88% 0.22% -3.56% -0.85% -4.09% -0.13% -1.23% 0.69% 4.03% -0.62% 1.97% 5.53% 2.67% 1.95% 1.13% 6.21% 2.80% 1.26% -1.19% -10.41% 9.04% 3.58% 1.20% -10.15% -7.15% -20.89% -12.33% 1.10% 4.53% -4.53% 10 CHANDLER MACLEOD A:CMGX 0.00% 14.60% 15.50% -2.20% -2.35% -7.94% 0.00% 14.62% -6.68% 0.00% -1.25% 1.25% 0.00% 4.55% 0.00% -4.55% 1.17% 3.38% -2.20% 2.20% 9.69% -1.75% 2.63% -16.75% -2.18% -3.25% 0.95% -3.18% 0.25% -10.20% -4.01% 0.00% 12.67% -5.58% 0.30% 0.88% 0.00% 2.80% -1.10% 1.10% 5.60% 4.10% 1.70% 1.64% -1.22% 0.41% -0.83% -1.92% 0.22% -4.58% 0.00% -2.48% 2.00% -0.49% -1.51% -2.63% -1.10% -11.39% -8.80% -34.78% Monthly return Annual return A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX 0.34% -1.40% 0.46% 0.64% 4.1% -16.8% 5.6% 7.7% 4.1% -16.8% 5.6% 7.7% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.88% 0.63% 0.80% -0.47% -0.23% -0.71% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:AFGX 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:BETX 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX A:CAFX A:CGFX A:CMGX 0.0277813 0.0003835 0.0022891 0.0002343 0.00100601 0.002451 0.0020637 0.00106065 0.0003602 0.0051228 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 0.0274448 0.0007758 0.0025297 0.002993 0.0010921 0.0004189 0.0003935 0.0009748 0.0006492 0.0017369 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 0.0003835 0.0002343 0.0020637 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 0.00100601 0.00106065 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 0.0003602 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AFGX 0.0021922 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX -0.000563 0.0007758 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 5.29E-005 0.0025297 0.0004189 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX -0.000142 0.002993 0.0003935 0.0006492 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.044407 0.026307 -0.006758 0.000635 -0.001701 -0.000249 0.021795 -0.000777 0.002052 -0.00134 A:AFGX 0.026307 0.329338 0.009309 0.030356 0.035916 0.004196 -0.006693 0.006259 0.04452 0.001986 A:AMPX -0.006758 0.009309 0.013105 0.005027 0.004721 0.001821 -0.006077 0.007169 0.007132 0.009004 A:ASXX 0.000635 0.030356 0.005027 0.011697 0.00779 0.003871 0.002485 0.005886 0.011595 0.003956 A:AEFX -0.001701 0.035916 0.004721 0.00779 0.020843 0.002966 0.007493 0.004458 0.012281 0.005831 A:BETX -0.000249 0.004196 0.001821 0.003871 0.002966 0.023786 0.002172 0.000438 0.004177 -0.000658 A:BSNX 0.021795 -0.006693 -0.006077 0.002485 0.007493 0.002172 0.333376 0.004602 0.002812 0.024764 A:CAFX -0.000777 0.006259 0.007169 0.005886 0.004458 0.000438 0.004602 0.027469 0.012072 0.012728 A:CGFX 0.002052 0.04452 0.007132 0.011595 0.012281 0.004177 0.002812 0.012072 0.029412 0.004323 A:AQEX A:CMGX -0.00134 0.001986 0.009004 0.003956 0.005831 -0.000658 0.024764 0.012728 0.004323 0.061474 Weights 100.0% A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% A:AFGX 0.0% A:AMPX 0.0% A:ASXX 0.0% A:AEFX 0.0% A:BETX 0.0% A:BSNX 0.0% A:CAFX 0.0% A:CGFX 0.0% A:CMGX 0.0% 1 Name ASX ALL ORDINARIES - PRIC AEQUS CAPITAL Code ASXAORD A:AQEX 6/20/2003 3055.2 7/20/2003 3064.9 8/20/2003 3167.7 9/20/2003 3223.4 10/20/2003 3295.2 11/20/2003 3192.7 12/20/2003 3238.5 1/20/2004 3320.8 2/20/2004 3359.6 3/20/2004 3429.8 4/20/2004 3457.2 5/20/2004 3378.9 6/20/2004 3523.3 7/20/2004 3507.1 8/20/2004 3507.8 9/20/2004 3641.4 10/20/2004 3710.9 11/20/2004 3887.3 12/20/2004 3998.4 1/20/2005 4038.5 2/20/2005 4151.8 3/20/2005 4236.8 4/20/2005 4001 5/20/2005 3990.8 6/20/2005 4262.3 7/20/2005 4263.3 8/20/2005 4429.9 9/20/2005 4527.2 10/20/2005 4345.1 11/20/2005 4610.6 12/20/2005 4616.7 1/20/2006 4806.1 2/20/2006 4788.1 3/20/2006 4961.6 4/20/2006 5225.8 5/20/2006 5061.2 6/20/2006 4830.8 7/20/2006 4967.4 8/20/2006 5015.6 9/20/2006 4962.5 10/20/2006 5304.4 11/20/2006 5303.4 12/20/2006 5586.9 1/20/2007 5652.1 2/20/2007 5969.4 3/20/2007 5856.5 4/20/2007 6187.2 5/20/2007 6319.7 6/20/2007 6421 7/20/2007 6456.7 8/20/2007 5926.5 9/20/2007 6400.9 10/20/2007 6723.3 11/20/2007 6490.2 12/20/2007 6244.8 1/20/2008 5799.4 2/20/2008 5577.3 3/20/2008 5182.4 4/20/2008 5504.1 5/20/2008 5994.9 6/20/2008 5411.8 2 3 4 5 6 7 8 9 10 ALLCO FINANCE GROUP AMP ASX AUSTRALIAN ETHICAL INVS. BELMONT HOLDINGS BISAN CENTREPOINT ALL. CHALLENGER FINL.SVS.GP. CHANDLER MACLEOD A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 1 Name Code 7/20/2003 8/20/2003 9/20/2003 10/20/2003 11/20/2003 12/20/2003 1/20/2004 2/20/2004 3/20/2004 4/20/2004 5/20/2004 6/20/2004 7/20/2004 8/20/2004 9/20/2004 10/20/2004 11/20/2004 12/20/2004 1/20/2005 2/20/2005 3/20/2005 4/20/2005 5/20/2005 6/20/2005 7/20/2005 8/20/2005 9/20/2005 10/20/2005 11/20/2005 12/20/2005 1/20/2006 2/20/2006 3/20/2006 4/20/2006 5/20/2006 6/20/2006 7/20/2006 8/20/2006 9/20/2006 10/20/2006 11/20/2006 12/20/2006 1/20/2007 2/20/2007 3/20/2007 4/20/2007 5/20/2007 6/20/2007 7/20/2007 8/20/2007 9/20/2007 10/20/2007 11/20/2007 12/20/2007 1/20/2008 2/20/2008 3/20/2008 4/20/2008 5/20/2008 6/20/2008 ASX ALL ORDINARIES - PRIC AEQUS CAPITAL ASXAORD A:AQEX 0.14% 1.43% 0.76% 0.96% -1.37% 0.62% 1.09% 0.50% 0.90% 0.35% -0.99% 1.82% -0.20% 0.01% 1.62% 0.82% 2.02% 1.22% 0.43% 1.20% 0.88% -2.49% -0.11% 2.86% 0.01% 1.66% 0.94% -1.78% 2.58% 0.06% 1.75% -0.16% 1.55% 2.25% -1.39% -2.02% 1.21% 0.42% -0.46% 2.89% -0.01% 2.26% 0.50% 2.37% -0.83% 2.39% 0.92% 0.69% 0.24% -3.72% 3.34% 2.13% -1.53% -1.67% -3.21% -1.70% -3.19% 2.62% 3.71% -4.44% 2 ALLCO FINANCE GROUP A:AFGX 3.00% 12.49% -11.07% 0.00% 4.01% 13.13% -1.93% 5.55% -4.58% 0.95% 0.00% -1.93% 1.93% 0.00% 12.26% 6.59% 5.18% -2.23% 2.23% -20.41% 0.00% 7.19% -2.27% 1.52% 0.00% 2.90% -10.22% 2.58% 0.00% 3.22% -9.50% 8.72% -5.02% 0.88% 0.00% -9.69% 2.12% 3.00% 2.80% 1.77% 0.86% 2.48% 0.00% 3.10% 1.47% -6.21% 12.91% 0.00% 3.57% 0.57% -8.03% 2.63% 2.48% -1.22% 5.80% -5.80% -11.27% -5.12% -1.85% -0.95% 3.79% 2.25% -2.68% 1.58% -0.43% 2.76% 2.84% 3.37% -2.01% 1.20% 2.55% 2.59% 0.76% 3.30% -1.21% 6.09% 1.83% 5.59% 1.54% 0.86% -2.10% -4.71% -1.18% 5.59% -0.23% 4.16% 3.04% -2.49% 9.22% -0.88% 1.53% 6.58% 2.99% 1.07% 0.83% 0.98% -1.10% 4.60% -5.99% 3.41% -1.53% 7.68% -3.84% 0.78% -3.41% 3.45% -1.01% -0.65% -0.42% -10.08% -3.66% 2.72% -9.65% -8.48% -7.84% -19.69% -116.21% 40.61% -4.71% -10.15% 3 4 AMP ASX A:AMPX A:ASXX -0.68% -4.04% 16.24% -0.13% -1.83% -2.13% -1.19% -1.70% 7.76% 2.81% -1.31% 2.28% 2.86% -0.91% 0.77% -0.14% 3.67% 1.69% 3.32% -1.33% 0.29% -5.41% 2.90% 1.10% -0.97% 3.82% 1.77% -2.00% 2.41% -0.29% 2.46% 1.60% 2.44% 0.15% 3.42% -2.75% 1.84% 0.34% -0.24% 1.76% -0.52% 2.65% 2.29% 1.97% -2.27% 2.39% -0.73% 0.80% 0.50% -3.06% 2.57% -0.50% -1.06% -1.27% -5.13% -5.70% -0.06% 2.00% -1.27% -6.45% -0.96% 0.92% 3.51% 1.91% 2.03% 2.14% -0.05% 1.19% -1.08% -1.25% -2.18% 0.81% 0.17% -2.44% 2.33% 5.14% 4.24% 0.56% 3.00% 2.30% -2.41% -1.17% 0.63% 3.02% 3.19% 3.48% 2.12% 0.98% 4.67% 0.55% 3.51% -1.70% 0.72% -0.44% -3.95% 2.15% 4.30% -3.35% -0.61% 5.50% -1.30% 3.73% 0.16% 6.15% -1.61% 5.62% 1.61% 1.30% 0.27% -4.80% 3.32% 4.62% 0.56% 0.75% -8.35% -4.81% -8.33% 1.66% -0.14% -5.20% 5 AUSTRALIAN ETHICAL INVS. A:AEFX 0.00% 1.70% 2.69% 3.34% -1.64% -1.70% -1.77% 1.77% 0.00% -1.77% 0.90% -0.90% 8.81% -0.59% 0.89% 0.58% 2.80% 0.00% 5.83% 7.00% -5.14% -3.80% -1.90% 1.15% 1.97% 2.35% 7.82% 0.66% 3.43% 2.94% 4.98% 3.07% -0.95% -6.69% 1.58% 0.92% -0.92% -1.58% 3.10% 4.81% 0.80% 6.69% 7.74% 1.84% -0.45% -0.92% 4.01% 3.28% -6.60% -0.23% 4.39% 1.64% -1.64% 1.24% -3.37% -2.25% -12.80% -0.31% 12.65% -8.77% 6 BELMONT HOLDINGS A:BETX 0.00% 0.00% 3.14% 17.94% 0.00% 0.33% 4.41% 0.00% 0.00% 4.28% -2.80% 0.00% 2.53% 0.00% 0.27% 9.69% 15.38% 2.23% -3.00% 0.46% -10.94% -4.80% 0.00% 0.00% -7.70% 0.00% 1.30% 2.96% 1.18% 0.00% -4.14% -6.91% 1.47% 0.00% -3.00% 3.00% 0.00% 0.00% 6.69% 0.00% 4.70% 0.00% 0.00% 2.17% 5.93% 0.91% -1.85% 0.00% -0.95% 0.95% -2.93% 3.86% -2.86% -4.14% -4.58% 1.19% 0.00% 0.00% 1.16% 0.00% 7 BISAN A:BSNX 7.92% 0.00% 0.00% 15.49% -20.99% 43.18% -38.72% 74.89% -3.95% -2.12% 2.12% -2.12% -9.69% -9.02% 4.74% -12.00% -4.14% 7.92% 0.00% -7.92% 0.00% 0.00% 0.00% -30.10% 1.70% 0.00% -1.70% 0.00% -8.62% 13.54% 25.18% 0.00% 0.00% -4.58% -13.47% 0.65% 1.90% 0.00% 0.00% 0.00% 0.00% -6.69% 0.72% 0.71% 32.16% 7.64% -2.90% -20.71% 23.61% -7.64% -13.62% 6.37% 0.00% -8.72% 0.00% -10.91% 0.00% -14.61% 39.79% -7.57% 8 CENTREPOINT ALL. A:CAFX -3.08% 2.48% 0.60% 3.98% -4.58% 0.00% 2.35% 2.23% 5.12% -1.97% -2.07% 6.85% 5.91% 0.00% -0.80% 3.10% 2.19% -2.95% 5.70% 0.00% 8.47% -2.26% -0.58% 3.39% 6.07% 0.93% -0.93% -5.00% -0.80% -4.55% 4.28% -3.39% 2.29% 5.97% 5.25% 4.49% 4.07% -4.85% 4.85% 3.07% 0.00% -2.02% -2.12% -3.00% -9.50% -3.00% -0.52% -5.58% 0.00% -12.30% 2.31% 1.47% -5.80% -8.67% -3.14% -12.49% 0.00% -7.92% 0.00% -11.92% 9 CHALLENGER FINL.SVS.GP. A:CGFX -2.44% 0.00% 2.44% -1.61% -3.85% -0.90% 3.93% 0.00% -0.84% 0.00% -4.96% -0.48% 1.89% -1.89% 1.42% 11.07% 0.72% -2.49% 3.75% 2.55% 1.16% -2.62% -1.93% 1.11% 1.09% 0.53% 8.84% -3.25% 2.27% 0.77% -0.88% 0.22% -3.56% -0.85% -4.09% -0.13% -1.23% 0.69% 4.03% -0.62% 1.97% 5.53% 2.67% 1.95% 1.13% 6.21% 2.80% 1.26% -1.19% -10.41% 9.04% 3.58% 1.20% -10.15% -7.15% -20.89% -12.33% 1.10% 4.53% -4.53% 10 CHANDLER MACLEOD A:CMGX 0.00% 14.60% 15.50% -2.20% -2.35% -7.94% 0.00% 14.62% -6.68% 0.00% -1.25% 1.25% 0.00% 4.55% 0.00% -4.55% 1.17% 3.38% -2.20% 2.20% 9.69% -1.75% 2.63% -16.75% -2.18% -3.25% 0.95% -3.18% 0.25% -10.20% -4.01% 0.00% 12.67% -5.58% 0.30% 0.88% 0.00% 2.80% -1.10% 1.10% 5.60% 4.10% 1.70% 1.64% -1.22% 0.41% -0.83% -1.92% 0.22% -4.58% 0.00% -2.48% 2.00% -0.49% -1.51% -2.63% -1.10% -11.39% -8.80% -34.78% Monthly return Annual return A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX 0.34% -1.40% 0.46% 0.64% 4.1% -16.8% 5.6% 7.7% 4.1% -16.8% 5.6% 7.7% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.88% 0.63% 0.80% -0.47% -0.23% -0.71% 10.5% 7.5% 9.5% -5.7% -2.8% -8.5% A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:AFGX 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:BETX 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX A:CAFX A:CGFX A:CMGX 0.0277813 0.0003835 0.0022891 0.0002343 0.00100601 0.002451 0.0020637 0.00106065 0.0003602 0.0051228 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 0.0274448 0.0007758 0.0025297 0.002993 0.0010921 0.0004189 0.0003935 0.0009748 0.0006492 0.0017369 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AQEX 0.0037006 0.0021922 -0.000563 5.29E-005 -0.000142 -2.1E-005 0.0018162 -6.5E-005 0.000171 -0.000112 A:BETX -2.07202E-005 0.0003496385 0.000151774 0.0003226003 0.0002471723 0.0019821262 0.0001809607 3.647783E-005 0.0003480656 -5.48432E-005 A:BSNX 0.0018162 -0.000558 -0.000506 0.0002071 0.0006244 0.000181 0.0277813 0.0003835 0.0002343 0.0020637 A:CAFX -0.00006475 0.00052159 0.0005974 0.00049051 0.00037152 3.6478E-005 0.00038352 0.0022891 0.00100601 0.00106065 A:CGFX 0.000171 0.00371 0.0005943 0.0009662 0.0010234 0.0003481 0.0002343 0.001006 0.002451 0.0003602 A:CMGX -0.000112 0.0001655 0.0007504 0.0003297 0.0004859 -5.5E-005 0.0020637 0.0010607 0.0003602 0.0051228 A:AFGX 0.0021922 0.0274448 0.0007758 0.0025297 0.002993 0.0003496 -0.000558 0.0005216 0.00371 0.0001655 A:AMPX -0.000563 0.0007758 0.0010921 0.0004189 0.0003935 0.0001518 -0.000506 0.0005974 0.0005943 0.0007504 A:ASXX 5.29E-005 0.0025297 0.0004189 0.0009748 0.0006492 0.0003226 0.0002071 0.0004905 0.0009662 0.0003297 A:AEFX -0.000142 0.002993 0.0003935 0.0006492 0.0017369 0.0002472 0.0006244 0.0003715 0.0010234 0.0004859 A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX A:AQEX 0.044407 0.026307 -0.006758 0.000635 -0.001701 -0.000249 0.021795 -0.000777 0.002052 -0.00134 A:AFGX 0.026307 0.329338 0.009309 0.030356 0.035916 0.004196 -0.006693 0.006259 0.04452 0.001986 A:AMPX -0.006758 0.009309 0.013105 0.005027 0.004721 0.001821 -0.006077 0.007169 0.007132 0.009004 A:ASXX 0.000635 0.030356 0.005027 0.011697 0.00779 0.003871 0.002485 0.005886 0.011595 0.003956 A:AEFX -0.001701 0.035916 0.004721 0.00779 0.020843 0.002966 0.007493 0.004458 0.012281 0.005831 A:BETX -0.000249 0.004196 0.001821 0.003871 0.002966 0.023786 0.002172 0.000438 0.004177 -0.000658 A:BSNX 0.021795 -0.006693 -0.006077 0.002485 0.007493 0.002172 0.333376 0.004602 0.002812 0.024764 A:CAFX -0.000777 0.006259 0.007169 0.005886 0.004458 0.000438 0.004602 0.027469 0.012072 0.012728 A:CGFX 0.002052 0.04452 0.007132 0.011595 0.012281 0.004177 0.002812 0.012072 0.029412 0.004323 A:AQEX A:CMGX -0.00134 0.001986 0.009004 0.003956 0.005831 -0.000658 0.024764 0.012728 0.004323 0.061474 Weights 18.0% A:AQEX A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 18.0% 0.0% 27.8% 2.5% 0.0% 16.6% 0.0% 18.7% 7.9% 8.5% A:AFGX 0.0% A:AMPX 27.8% A:ASXX 2.5% A:AEFX 0.0% A:BETX 16.6% A:BSNX 0.0% A:CAFX 18.7% A:CGFX 7.9% A:CMGX 8.5% A:AQEX Expected return 1.73% Weights A:AFGX 0.6% Portfolio variance A:ASXX A:AEFX A:BETX A:BSNX 1.4% 0.6% 0.5% 0.4% 0.5% 0.6% 1 ### 1 1 1 1 0.0067895818 Standard deviation A:AMPX 0.0823989188 1 1.0000000119 Wtcn Expected Return Standard Deviation 0.0172556094 0.0823989188 0.0272556094 0.078960391 0.0372556094 0.0757454295 0.0472556094 0.0737679288 0.0572556094 0.0730979609 0.0672556094 0.0738682529 0.0772556094 0.0808932629 0.0872556094 0.0955156492 0.0972556094 0.1168854734 0.1022556094 0.1320117738 Efficient Frontier 0.12 0.1 0.08 0.06 0.04 0.02 0 0.07 0.08 0.09 0.1 0.1 A:CAFX A:CGFX A:CMGX 0.9% 0.8% 1.0% 1 1 1 ntier Plot 0.11 0.12 0.13 0.14 1 Name ASX ALL ORDINARIES - PRIC AEQUS CAPITAL Code ASXAORD A:AQEX 6/20/2003 3055.2 7/20/2003 3064.9 8/20/2003 3167.7 9/20/2003 3223.4 10/20/2003 3295.2 11/20/2003 3192.7 12/20/2003 3238.5 1/20/2004 3320.8 2/20/2004 3359.6 3/20/2004 3429.8 4/20/2004 3457.2 5/20/2004 3378.9 6/20/2004 3523.3 7/20/2004 3507.1 8/20/2004 3507.8 9/20/2004 3641.4 10/20/2004 3710.9 11/20/2004 3887.3 12/20/2004 3998.4 1/20/2005 4038.5 2/20/2005 4151.8 3/20/2005 4236.8 4/20/2005 4001 5/20/2005 3990.8 6/20/2005 4262.3 7/20/2005 4263.3 8/20/2005 4429.9 9/20/2005 4527.2 10/20/2005 4345.1 11/20/2005 4610.6 12/20/2005 4616.7 1/20/2006 4806.1 2/20/2006 4788.1 3/20/2006 4961.6 4/20/2006 5225.8 5/20/2006 5061.2 6/20/2006 4830.8 7/20/2006 4967.4 8/20/2006 5015.6 9/20/2006 4962.5 10/20/2006 5304.4 11/20/2006 5303.4 12/20/2006 5586.9 1/20/2007 5652.1 2/20/2007 5969.4 3/20/2007 5856.5 4/20/2007 6187.2 5/20/2007 6319.7 6/20/2007 6421 7/20/2007 6456.7 8/20/2007 5926.5 9/20/2007 6400.9 10/20/2007 6723.3 11/20/2007 6490.2 12/20/2007 6244.8 1/20/2008 5799.4 2/20/2008 5577.3 3/20/2008 5182.4 4/20/2008 5504.1 5/20/2008 5994.9 6/20/2008 5411.8 2 3 4 5 6 7 8 9 10 ALLCO FINANCE GROUP AMP ASX AUSTRALIAN ETHICAL INVS. BELMONT HOLDINGS BISAN CENTREPOINT ALL. CHALLENGER FINL.SVS.GP. CHANDLER MACLEOD A:AFGX A:AMPX A:ASXX A:AEFX A:BETX A:BSNX A:CAFX A:CGFX A:CMGX 0.14 2.642 3.523 13.095 11.3 0.8 0.035 0.365 2.75 0.588 0.15 2.883 3.468 12.81 11.3 0.8 0.042 0.34 2.6 0.588 0.2 3.036 3.16 13.085 11.75 0.8 0.042 0.36 2.6 0.823 0.155 2.854 4.593 14.186 12.5 0.86 0.042 0.365 2.75 1.176 0.155 2.96 4.579 14.825 13.5 1.3 0.06 0.4 2.65 1.118 0.17 2.931 4.39 15.533 13 1.3 0.037 0.36 2.425 1.059 0.23 3.123 4.18 16.319 12.5 1.31 0.1 0.36 2.375 0.882 0.22 3.334 4.067 16.299 12 1.45 0.041 0.38 2.6 0.882 0.25 3.603 3.911 16.752 12.5 1.45 0.23 0.4 2.6 1.235 0.225 3.44 4.676 16.339 12.5 1.45 0.21 0.45 2.55 1.059 0.23 3.536 4.989 15.877 12 1.6 0.2 0.43 2.55 1.059 0.23 3.75 4.841 15.1 12.25 1.5 0.21 0.41 2.275 1.029 0.22 3.98 5.102 15.385 12 1.5 0.2 0.48 2.25 1.059 0.23 4.05 5.449 15.444 14.7 1.59 0.16 0.55 2.35 1.059 0.23 4.37 5.336 14.599 14.5 1.59 0.13 0.55 2.25 1.176 0.305 4.25 5.432 15.405 14.8 1.6 0.145 0.54 2.325 1.176 0.355 4.89 5.415 17.342 15 2 0.11 0.58 3 1.059 0.4 5.1 5.893 19.121 16 2.85 0.1 0.61 3.05 1.088 0.38 5.8 6.127 19.367 16 3 0.12 0.57 2.88 1.176 0.4 6.01 6.614 20.753 18.3 2.8 0.12 0.65 3.14 1.118 0.25 6.13 6.414 21.883 21.5 2.83 0.1 0.65 3.33 1.176 0.25 5.84 6.457 20.704 19.1 2.2 0.1 0.79 3.42 1.47 0.295 5.24 5.701 20.153 17.5 1.97 0.1 0.75 3.22 1.412 0.28 5.1 6.094 20.448 16.75 1.97 0.1 0.74 3.08 1.5 0.29 5.8 6.25 21.923 17.2 1.97 0.05 0.8 3.16 1.02 0.29 5.77 6.112 23.594 18 1.65 0.052 0.92 3.24 0.97 0.31 6.35 6.674 25.56 19 1.65 0.052 0.94 3.28 0.9 0.245 6.81 6.951 26.838 22.75 1.7 0.05 0.92 4.02 0.92 0.26 6.43 6.638 27.448 23.1 1.82 0.05 0.82 3.73 0.855 0.26 7.95 7.016 30.564 25 1.87 0.041 0.805 3.93 0.86 0.28 7.79 6.969 30.957 26.75 1.87 0.056 0.725 4 0.68 0.225 8.07 7.375 33.562 30 1.7 0.1 0.8 3.92 0.62 0.275 9.39 7.652 32.274 32.2 1.45 0.1 0.74 3.94 0.62 0.245 10.06 8.094 32.815 31.5 1.5 0.1 0.78 3.63 0.83 0.25 10.31 8.122 32.481 27 1.5 0.09 0.895 3.56 0.73 0.25 10.51 8.787 29.659 28 1.4 0.066 1.01 3.24 0.735 0.2 10.75 8.248 31.164 28.6 1.5 0.067 1.12 3.23 0.75 0.21 10.48 8.605 34.408 28 1.5 0.07 1.23 3.14 0.75 0.225 11.65 8.672 31.852 27 1.5 0.07 1.1 3.19 0.8 0.24 10.15 8.624 31.409 29 1.75 0.07 1.23 3.5 0.78 0.25 10.98 8.98 35.65 32.4 1.75 0.07 1.32 3.45 0.8 0.255 10.6 8.874 34.6 33 1.95 0.07 1.32 3.61 0.91 0.27 12.65 9.432 37.7 38.5 1.95 0.06 1.26 4.1 1 0.27 11.58 9.942 37.84 46.01 1.95 0.061 1.2 4.36 1.04 0.29 11.79 10.404 43.6 48 2.05 0.062 1.12 4.56 1.08 0.3 10.9 9.875 42.01 47.5 2.35 0.13 0.9 4.68 1.05 0.26 11.8 10.433 47.81 46.5 2.4 0.155 0.84 5.4 1.06 0.35 11.53 10.26 49.62 51 2.3 0.145 0.83 5.76 1.04 0.35 11.36 10.45 51.13 55 2.3 0.09 0.73 5.93 0.995 0.38 11.25 10.57 51.45 47.25 2.25 0.155 0.73 5.77 1 0.385 8.92 9.85 46.07 47 2.3 0.13 0.55 4.54 0.9 0.32 8.2 10.45 49.73 52 2.15 0.095 0.58 5.59 0.9 0.34 8.73 10.33 55.31 54 2.35 0.11 0.6 6.07 0.85 0.36 6.99 10.08 56.03 52 2.2 0.11 0.525 6.24 0.89 0.35 5.75 9.79 57 53.5 2 0.09 0.43 4.94 0.88 0.4 4.8 8.7 47.03 49.5 1.8 0.09 0.4 4.19 0.85 0.35 3.05 7.63 42.1 47 1.85 0.07 0.3 2.59 0.8 0.27 0.21 7.62 34.75 35 1.85 0.07 0.3 1.95 0.78 0.24 0.535 7.98 36.1 34.75 1.85 0.05 0.25 2 0.6 0.23 0.48 7.75 35.98 46.5 1.9 0.125 0.25 2.22 0.49 0.225 0.38 6.68 31.92 38 1.9 0.105 0.19 2 0.22 This sheet answers the section on the efficient frontier. Audit Trail 2.1. Monthly Returns The aim of this worksheet is to derive the efficicent frontier for the data provided. The following colour conventions are used. Matrix Inputs Output Check cell Below is a table listing the name ranges used in this worksheet. Name Mvac Pret Prsk Pvar Ret Tvac Twts Unit Vac Wtcn Wts Address ='2'!$AO$35:$AX$44 ='2'!$CB$7 ='2'!$CF$14 ='2'!$CF$12 ='2'!$AB$11:$AB$20 ='2'!$CF$7:$CO$7 ='2'!$BO$11:$BO$20 ='2'!$CF$18:$CO$18 ='2'!$BB$7:$BK$16 ='2'!$CF$20 ='2'!$BO$7:$BX$7 Description Variance-covariance matrix for monthly returns Portfolio return Portfolio risk (standard deviation) Portfolio variance Annualised return matrix for constituent assets Transpose of variance-covariance matrix Transpose of the Wts matrix Matrix of ones Annualised variance-covariance matrix Sum of asset weights Weights of constituent assets 2.1. Monthly Returns Monthly log returns are calculated as follows: Return(t) = Log[S(t) / S(t-1)] where Return(t) is the return for month t; and S(t)