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spreadsheet contains monthly returns to a stock fund and a bond fund as well as the risk-free return from January 2000 to September 2019. A.

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spreadsheet contains monthly returns to a stock fund and a bond fund as well as the risk-free return from January 2000 to September 2019. A. [2 points] Compute the arithmetic average monthly returns for both funds. B. [2 points] Compute the geometric average monthly returns for both. C. [2 points] Computed the monthly return variance and standard deviation for both. D. [2 points] Verify that your geometric average return in part B is approximately the arithmetic average minus 0.5 times the return variance. E. [2 points] Annualize the average monthly returns by multiplying it by 12. Annualize the standard deviations by multiplying by the square root of 12. F. [2 points] Compute the covariance and correlation coefficient. G. [2 points] Compute the Sharpe Ratio for the stock and bond funds. H. Assume you form a portfolio that is 50% in the stock fund and 50% in the mutual fund. In other words, invest 100,000 among the two funds by investing 50,000 in ea 12/31/1999. a. [2 points] Compute the ending portfolio value assuming the investment is not rebalanced. This means after the initial investment, the portfolio is not adjusted through September 2019. What are the weights of the stocks and bonds at the end of September 2019? b. [2 points) From your answer to a., compute the holding period return. c. Annualize the holding period return from b. d. [2 points] Compute the ending portfolio value assuming the portfolio is rebalance to the original weights at the end of each year. e. [2 points] Compute the holding period return from d. f. [2 points Annualize the holding period return from e. g. [2 points] Compute the ending portfolio value assuming the portfolio is rebalance to the original weights at the end of each month. h. [2 points] Compute the holding period return from g. i. [2 points Annualize the holding period return from h. j. [2 points] What is the impact of rebalancing on the holding period return? G H risk free 0.41% 0.43% 0.47% 0.46% 0.5% 0.4% 0.48% 0.5% 0.51% 0.56% 0.51% 0.5% 0.54% 0.38% 0.42% 0.39% 0.32% 0.28% 0.3% 1 Month 2 Jan-2000 3 Feb-2000 1 Mar-2000 5 Apr-2000 5 May-2000 7 Jun-2000 Jul-2000 Aug-2000 o Sep-2000 1 Oct-2000 2 Nov-2000 3 Dec-2000 4 Jan-2001 5 Feb-2001 6 Mar-2001 7 Apr-2001 8 May-2001 9 Jun-2001 o Jul-2001 1 Aug-2001 2 Sep-2001 3 Oct-2001 4 Nov-2001 5 Dec-2001 6 Jan-2002 7 Feb-2002 8 Mar-2002 9 Apr-2002 0 May-2002 1 Jun-2002 2 Jul-2002 3 Aug -2002 4 Sep-2002 5 Oct-2002 6 Nov-2002 7 Dec-2002 8 Jan-2003 9 Feb-2003 o Mar-2003 1 Apr-2003 2 May-2003 3 Jun-2003 4 Jul-2003 5 Aug-2003 6 Sep-2003 7 Oct-2003 8 Nov-2003 9 Dec-2003 0 Jan-2004 1 Feb-2004 2 Mar-2004 3 Apr-2004 ck Portfolio -3.39% 2.54% 5.30% -4.86% -3.41% 4.16% -1.71% 7.28% -4.93% -1.78% -9.90% 1.14% 4.46% -9.41% -6.98% 8.46% 1.01% -1.86% -1.49% -6.00% -9.31% 2.86% 7.63% 1.42% -0.89% -2.05% 4.10% -4.64% -1.22% -7.31% -7.78% 0.53% - 10.40% 8.03% 6.36% -6.26% -2.09% -1.69% 0.73% 8.59% 6.11% 1.12% 2.67% 2.39% -1.48% 6.48% 1.38% 4.04% 2.66% 1.43% -1.37% -1.51% Bond Portfolio -0.17% 1.20% 1.39% -0.48% -0.18% 2.17% 0.87% 1.41% 0.78% 0.56% 1.60% 1.78% 1.78% 0.95% 0.52% -0.45% 0.73% 0.54% 2.23% 1.12% 0.91% 1.87% - 1.32% -0.69% 0.80% 0.89% -1.60% 1.82% 0.79% 0.32% 0.49% 1.68% 1.55% -0.61% -0.13% 2.31% 0.01% 1.42% -0.16% 0.94% 1.83% -0.19% -3.28% 0.78% 2.58% -1.01% 0.29% 0.75% 0.89% 1.06% 0.31% 0.28% 0.22% 0.17% 0.15% 0.14% 0.13% 0.13% 0.15% 0.14% 0.13% 0.15% 0.14% 0.14% 0.14% 0.12% 0.11% 0.1% 0.09% 0.1% 0.1% 0.09% 0.1% 0.07% 0.07% 0.08% 0.07% 0.07% 0.08% 0.07% 0.06% 0.09% 0.08% 0.65% -2.47% +U IUVZUUJ 1. JUN U.200 U. UU 0.75% 0.89% 1.06% 0.65% -2.47% -0.42% 49 Dec-2003 50 Jan-2004 51 Feb-2004 52 Mar-2004 53 Apr-2004 54 May-2004 55 Jun-2004 56 Jul-2004 57 Aug-2004 58 Sep-2004 59 Oct-2004 50 Nov-2004 61 Dec-2004 52 Jan-2005 53 Feb-2005 64 Mar-2005 65 Apr-2005 56 May-2005 67 Jun-2005 58 Jul-2005 59 Aug-2005 70 Sep-2005 71 Oct-2005 72 Nov-2005 73 Dec-2005 74 Jan-2006 75 Feb-2006 76 Mar-2006 77 Apr-2006 78 May-2006 79 Jun-2006 BO Jul-2006 31 Aug-2006 32 Sep-2006 B3 Oct-2006 B4 Nov-2006 35 Dec-2006 36 Jan-2007 B7 Feb-2007 38 Mar-2007 39 Apr-2007 30 May-2007 31 Jun-2007 4.04% 2.66% 1.43% -1.37% - 1.51% 1.35% 1.74% -3.15% 0.31% 1.39% 2.03% 4.68% 2.97% -2.05% 2.07% -2.10% -1.97% 3.77% 0.49% 4.43% -0.91% 0.37% -1.43% 3.97% -0.37% 4.02% 0.00% 1.42% 1.50% -3.23% -0.23% 0.27% 2.31% 1.88% 3.92% 2.23% 0.65% 2.37% -1.61% 0.70% 4.43% 3.69% -2.02% 0.57% 0.96% 1.95% 0.17% 0.85% -0.80% 0.85% 0.72% -0.61% -0.53% 1.39% 1.05% 0.57% -1.00% 1.36% - 1.09% -0.82% 0.48% 0.98% 0.08% 0.07% 0.06% 0.09% 0.08% 0.06% 0.08% 0.1% 0.11% 0.11% 0.11% 0.15% 0.16% 0.16% 0.16% 0.21% 0.21% 0.24% 0.23% 0.24% 0.3% 0.29% 0.27% 0.31% 0.32% 0.35% 0.34% 0.37% 0.36% 0.43% 0.4% 0.4% 0.42% 0.41% 0.41% 0.42% 0.4% 0.44% 0.38% 0.43% 0.44% 0.41% 0.4% -0.11% 0.39% -1.02% -0.20% -0.10% 0.11% 1.34 1.65% 0.82% 0.71% 1.13% -0.49% -0.08% 1.54% 0.00% 0.52% -0.79% -0.39% 0.84% 1.34% 0.73% 0.93% 1.83% 0.32% 1.80% 0.12% 0.4% 0.42% 0.32% 0.32% 0.34% 0.27% 0.21% 0.13% 0.17% 0.18% 0.18% 0.17% 0.15% 0.13% 0.15% 0.08% 0.03% 0% 0% 0.30% -0.38% -0.70% 0.00% -0.01% 0.71% -1.10% -2.56% 3.67% 3.34% -0.70% -0.41% 1.48% 0.38% 0.85% 0.56% 1.43% 1.03% 1.20% 0.41% 0.01% 0.02% 0.01% 92 Jul-2007 93 Aug-2007 94 Sep-2007 95 Oct-2007 96 Nov-2007 97 Dec-2007 98 Jan-2008 99 Feb-2008 100 Mar-2008 101 Apr-2008 102 May-2008 103 Jun-2008 104 Jul-2008 105 Aug-2008 106 Sep-2008 107 Oct-2008 108 Nov-2008 109 Dec-2008 110 Jan-2009 111 Feb-2009 112 Mar-2009 113 Apr-2009 114 May-2009 115 Jun-2009 116 Jul-2009 117 Aug-2009 118 Sep-2009 119 Oct-2009 120 Nov-2009 121 Dec-2009 122 Jan-2010 123 Feb-2010 124 Mar-2010 125 Apr-2010 126 May-2010 127 Jun-2010 128 Jul-2010 129 Aug-2010 130 Sep-2010 131 Oct-2010 132 Nov-2010 133 Dec-2010 134 Jan-2011 135 Feb-2011 136 Mar-2011 137 Apr-2011 138 May-2011 139 Jun-2011 0% -3.07% 1.45% 3.17% 2.27% -4.49% - 1.12% -5.59% -3.07% -1.03% 5.50% 2.09% -8.61% -0.32% 1.58% -9.69% - 17.24% -7.90% 1.11% -7.58% -10.45% 7.93% 11.33% 5.38% -0.13% 8.34% 3.67% 3.74% -2.15% 5.63% 2.23% -2.90% 3.36% 5.88% 2.55% -8.00% -6.09% 7.48% -4.75% 8.93% 4.45% 0.58% 6.26% 2.72% 3.60% 0.06% 3.40% -1.16% -2.17% 0.01% 0.01% 0.01% 0.01% 0% 1.37% 0% -1.69% 1.58% 0.22% -0.09% 1.08% 0.73% 1.63% 0.94% 1.49% 0.00% 0.36% -0.56% -1.60% 0.53% 0.18% -0.03% 1.33% 1.31% -0.38% 0.01% 0% 0% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0% IJU JUZUII 2.10 U.JUN 0% 0.01% 04 1.58% 1.46% 0.91% 0.16% -0.29% 0.61% 1.35% -0.04% -0.68% 1.25% 0% 0.01% 0.95% 0.05% 0% 0% 0.01% 0.01% 0.01% 0.01% 0.01% 140 Jul-2011 141 Aug-2011 142 Sep-2011 143 Oct-2011 144 Nov-2011 145 Dec-2011 146 Jan-2012 147 Feb-2012 148 Mar-2012 149 Apr-2012 150 May-2012 151 Jun-2012 152 Jul-2012 153 Aug-2012 154 Sep-2012 155 Oct-2012 156 Nov-2012 157 Dec-2012 158 Jan-2013 159 Feb-2013 160 Mar-2013 161 Apr-2013 162 May-2013 163 Jun-2013 164 Jul-2013 165 Aug-2013 166 Sep-2013 167 Oct-2013 168 Nov-2013 169 Dec-2013 170 Jan-2014 171 Feb-2014 172 Mar-2014 173 Apr-2014 174 May-2014 175 Jun-2014 176 Jul-2014 177 Aug-2014 178 Sep-2014 179 Oct-2014 180 Nov-2014 181 Dec-2014 182 Jan-2015 183 Feb-2015 184 Mar-2015 185 Apr-2015 186 May 2015 -1.87% -6.02% -8.21% 12.04% -0.29% 0.26% 5.67% 4.26% 2.65% -0.25% -6.24% 3.42% 1.52% 2.48% 2.11% -1.31% 0.74% 0.48% 6.25% 1.28% 3.44% 2.13% 2.32% -1.71% 5.95% -2.82% 3.20% 4.69% 2.88% 2.12% -2.63% 4.73% 0.11% 0.47% 2.17% 2.15% -1.60% 4.18% -2.55% 3.17% 2.41% -0.50% -2.29% 5.76% -1.47% 0.86% 1.39% 1.39% 0.04% 0.124 0.11% 0.21% -0.70% -0.21% 0.56% -0.09% 1.08% -1.72% -1.65% 0.19% -0.65% 0.97% 0.77% -0.35% -0.72% 1.62% 0.50% -0.18% 0.79% 1.05% 0.12% -0.26% 1.13% -0.72% 0.94% 0.65% -0.17% 2.59% -1.07% 0.37% -0.33% -0.46% Shoot1 -2.10% 2.04% -6.01% -3.42% 8.36% -1.01% 0.76% -0.17% 0.58% 0.01% -0.27% -0.46% 1.50% 0.67% 0.54% 0.94% 0.39% 87 Jun-2015 88 Jul-2015 89 Aug-2015 90 Sep-2015 91 Oct-2015 92 Nov-2015 93 Dec-2015 94 Jan-2016 95 Feb-2016 196 Mar-2016 97 Apr-2016 198 May-2016 99 Jun-2016 100 Jul-2016 01 Aug-2016 02 Sep-2016 03 Oct-2016 04 Nov-2016 05 Dec-2016 06 Jan-2017 07 Feb-2017 08 Mar-2017 09 Apr-2017 10 May-2017 11 Jun-2017 12 Jul-2017 13 Aug-2017 14 Sep-2017 15 Oct-2017 16 Nov-2017 17 Dec-2017 18 Jan-2018 19 Feb-2018 20 Mar-2018 21 Apr-2018 22 May-2018 23 Jun-2018 24 Jul-2018 25 Aug-2018 26 Sep-2018 27 Oct-2018 28 Nov-2018 29 Dec-2018 30 Jan-2019 31 Feb-2019 32 Mar-2019 33 Apr-2019 34 Mav-2019 0.01% 1.95% 0.64% -0.17% -0.08% -0.81% -2.64% -0.09% 0.62% 0.67% -0.09% 0.77% 0.66% 0.02% 0.39% -2.55% -5.17% -0.04% 6.54% 1.07% 1.79% -0.19% 4.38% 0.26% -0.31% -1.75% 4.44% 1.32% 2.51% 3.71% -0.35% 1.48% 1.01% 0.48% 2.31% 0.15% 2.04% 2.57% 3.04% 0.53% 5.80% -3.72% -2.37% 0.76% 2.79% 0.28% 3.75% 3.44% -0.29% -6.99% 2.06% -9.79% 9.18% 3.50% 0.92% 4.50% -6.45% 0.85% -0.53% 0.11% -0.17% 0.39% - 1.04% -1.02% 0.58% 0% 0.01% 0.01% 0.02% 0.02% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.03% 0.04% 0.04% 0.03% 0.05% 0.06% 0.06% 0.07% 0.09% 0.09% 0.09% 0.08% 0.09% 0.11% 0.11% 0.12% 0.14% 0.14% 0.14% 0.16% 0.16% 0.15% 0.19% 0.18% 0.19% 0.21% 0.18% 0.19% 0.21% 0.21% -0.80% 0.61% 0.03% 0.03% 0.52% -0.54% -0.74% 0.53% 1.79% 1.01% -0.05% 1.95% 0.05% 1.83% 35 Jun-2019 36 Jul-2019 37 Aug-2019 38 Sep-2019 6.60% 1.79% -2.03% 1.27% 1.16% 0.23% 2.80% 0.18% 0.19% 0.16% 0.16% -0.59% spreadsheet contains monthly returns to a stock fund and a bond fund as well as the risk-free return from January 2000 to September 2019. A. [2 points] Compute the arithmetic average monthly returns for both funds. B. [2 points] Compute the geometric average monthly returns for both. C. [2 points] Computed the monthly return variance and standard deviation for both. D. [2 points] Verify that your geometric average return in part B is approximately the arithmetic average minus 0.5 times the return variance. E. [2 points] Annualize the average monthly returns by multiplying it by 12. Annualize the standard deviations by multiplying by the square root of 12. F. [2 points] Compute the covariance and correlation coefficient. G. [2 points] Compute the Sharpe Ratio for the stock and bond funds. H. Assume you form a portfolio that is 50% in the stock fund and 50% in the mutual fund. In other words, invest 100,000 among the two funds by investing 50,000 in ea 12/31/1999. a. [2 points] Compute the ending portfolio value assuming the investment is not rebalanced. This means after the initial investment, the portfolio is not adjusted through September 2019. What are the weights of the stocks and bonds at the end of September 2019? b. [2 points) From your answer to a., compute the holding period return. c. Annualize the holding period return from b. d. [2 points] Compute the ending portfolio value assuming the portfolio is rebalance to the original weights at the end of each year. e. [2 points] Compute the holding period return from d. f. [2 points Annualize the holding period return from e. g. [2 points] Compute the ending portfolio value assuming the portfolio is rebalance to the original weights at the end of each month. h. [2 points] Compute the holding period return from g. i. [2 points Annualize the holding period return from h. j. [2 points] What is the impact of rebalancing on the holding period return? G H risk free 0.41% 0.43% 0.47% 0.46% 0.5% 0.4% 0.48% 0.5% 0.51% 0.56% 0.51% 0.5% 0.54% 0.38% 0.42% 0.39% 0.32% 0.28% 0.3% 1 Month 2 Jan-2000 3 Feb-2000 1 Mar-2000 5 Apr-2000 5 May-2000 7 Jun-2000 Jul-2000 Aug-2000 o Sep-2000 1 Oct-2000 2 Nov-2000 3 Dec-2000 4 Jan-2001 5 Feb-2001 6 Mar-2001 7 Apr-2001 8 May-2001 9 Jun-2001 o Jul-2001 1 Aug-2001 2 Sep-2001 3 Oct-2001 4 Nov-2001 5 Dec-2001 6 Jan-2002 7 Feb-2002 8 Mar-2002 9 Apr-2002 0 May-2002 1 Jun-2002 2 Jul-2002 3 Aug -2002 4 Sep-2002 5 Oct-2002 6 Nov-2002 7 Dec-2002 8 Jan-2003 9 Feb-2003 o Mar-2003 1 Apr-2003 2 May-2003 3 Jun-2003 4 Jul-2003 5 Aug-2003 6 Sep-2003 7 Oct-2003 8 Nov-2003 9 Dec-2003 0 Jan-2004 1 Feb-2004 2 Mar-2004 3 Apr-2004 ck Portfolio -3.39% 2.54% 5.30% -4.86% -3.41% 4.16% -1.71% 7.28% -4.93% -1.78% -9.90% 1.14% 4.46% -9.41% -6.98% 8.46% 1.01% -1.86% -1.49% -6.00% -9.31% 2.86% 7.63% 1.42% -0.89% -2.05% 4.10% -4.64% -1.22% -7.31% -7.78% 0.53% - 10.40% 8.03% 6.36% -6.26% -2.09% -1.69% 0.73% 8.59% 6.11% 1.12% 2.67% 2.39% -1.48% 6.48% 1.38% 4.04% 2.66% 1.43% -1.37% -1.51% Bond Portfolio -0.17% 1.20% 1.39% -0.48% -0.18% 2.17% 0.87% 1.41% 0.78% 0.56% 1.60% 1.78% 1.78% 0.95% 0.52% -0.45% 0.73% 0.54% 2.23% 1.12% 0.91% 1.87% - 1.32% -0.69% 0.80% 0.89% -1.60% 1.82% 0.79% 0.32% 0.49% 1.68% 1.55% -0.61% -0.13% 2.31% 0.01% 1.42% -0.16% 0.94% 1.83% -0.19% -3.28% 0.78% 2.58% -1.01% 0.29% 0.75% 0.89% 1.06% 0.31% 0.28% 0.22% 0.17% 0.15% 0.14% 0.13% 0.13% 0.15% 0.14% 0.13% 0.15% 0.14% 0.14% 0.14% 0.12% 0.11% 0.1% 0.09% 0.1% 0.1% 0.09% 0.1% 0.07% 0.07% 0.08% 0.07% 0.07% 0.08% 0.07% 0.06% 0.09% 0.08% 0.65% -2.47% +U IUVZUUJ 1. JUN U.200 U. UU 0.75% 0.89% 1.06% 0.65% -2.47% -0.42% 49 Dec-2003 50 Jan-2004 51 Feb-2004 52 Mar-2004 53 Apr-2004 54 May-2004 55 Jun-2004 56 Jul-2004 57 Aug-2004 58 Sep-2004 59 Oct-2004 50 Nov-2004 61 Dec-2004 52 Jan-2005 53 Feb-2005 64 Mar-2005 65 Apr-2005 56 May-2005 67 Jun-2005 58 Jul-2005 59 Aug-2005 70 Sep-2005 71 Oct-2005 72 Nov-2005 73 Dec-2005 74 Jan-2006 75 Feb-2006 76 Mar-2006 77 Apr-2006 78 May-2006 79 Jun-2006 BO Jul-2006 31 Aug-2006 32 Sep-2006 B3 Oct-2006 B4 Nov-2006 35 Dec-2006 36 Jan-2007 B7 Feb-2007 38 Mar-2007 39 Apr-2007 30 May-2007 31 Jun-2007 4.04% 2.66% 1.43% -1.37% - 1.51% 1.35% 1.74% -3.15% 0.31% 1.39% 2.03% 4.68% 2.97% -2.05% 2.07% -2.10% -1.97% 3.77% 0.49% 4.43% -0.91% 0.37% -1.43% 3.97% -0.37% 4.02% 0.00% 1.42% 1.50% -3.23% -0.23% 0.27% 2.31% 1.88% 3.92% 2.23% 0.65% 2.37% -1.61% 0.70% 4.43% 3.69% -2.02% 0.57% 0.96% 1.95% 0.17% 0.85% -0.80% 0.85% 0.72% -0.61% -0.53% 1.39% 1.05% 0.57% -1.00% 1.36% - 1.09% -0.82% 0.48% 0.98% 0.08% 0.07% 0.06% 0.09% 0.08% 0.06% 0.08% 0.1% 0.11% 0.11% 0.11% 0.15% 0.16% 0.16% 0.16% 0.21% 0.21% 0.24% 0.23% 0.24% 0.3% 0.29% 0.27% 0.31% 0.32% 0.35% 0.34% 0.37% 0.36% 0.43% 0.4% 0.4% 0.42% 0.41% 0.41% 0.42% 0.4% 0.44% 0.38% 0.43% 0.44% 0.41% 0.4% -0.11% 0.39% -1.02% -0.20% -0.10% 0.11% 1.34 1.65% 0.82% 0.71% 1.13% -0.49% -0.08% 1.54% 0.00% 0.52% -0.79% -0.39% 0.84% 1.34% 0.73% 0.93% 1.83% 0.32% 1.80% 0.12% 0.4% 0.42% 0.32% 0.32% 0.34% 0.27% 0.21% 0.13% 0.17% 0.18% 0.18% 0.17% 0.15% 0.13% 0.15% 0.08% 0.03% 0% 0% 0.30% -0.38% -0.70% 0.00% -0.01% 0.71% -1.10% -2.56% 3.67% 3.34% -0.70% -0.41% 1.48% 0.38% 0.85% 0.56% 1.43% 1.03% 1.20% 0.41% 0.01% 0.02% 0.01% 92 Jul-2007 93 Aug-2007 94 Sep-2007 95 Oct-2007 96 Nov-2007 97 Dec-2007 98 Jan-2008 99 Feb-2008 100 Mar-2008 101 Apr-2008 102 May-2008 103 Jun-2008 104 Jul-2008 105 Aug-2008 106 Sep-2008 107 Oct-2008 108 Nov-2008 109 Dec-2008 110 Jan-2009 111 Feb-2009 112 Mar-2009 113 Apr-2009 114 May-2009 115 Jun-2009 116 Jul-2009 117 Aug-2009 118 Sep-2009 119 Oct-2009 120 Nov-2009 121 Dec-2009 122 Jan-2010 123 Feb-2010 124 Mar-2010 125 Apr-2010 126 May-2010 127 Jun-2010 128 Jul-2010 129 Aug-2010 130 Sep-2010 131 Oct-2010 132 Nov-2010 133 Dec-2010 134 Jan-2011 135 Feb-2011 136 Mar-2011 137 Apr-2011 138 May-2011 139 Jun-2011 0% -3.07% 1.45% 3.17% 2.27% -4.49% - 1.12% -5.59% -3.07% -1.03% 5.50% 2.09% -8.61% -0.32% 1.58% -9.69% - 17.24% -7.90% 1.11% -7.58% -10.45% 7.93% 11.33% 5.38% -0.13% 8.34% 3.67% 3.74% -2.15% 5.63% 2.23% -2.90% 3.36% 5.88% 2.55% -8.00% -6.09% 7.48% -4.75% 8.93% 4.45% 0.58% 6.26% 2.72% 3.60% 0.06% 3.40% -1.16% -2.17% 0.01% 0.01% 0.01% 0.01% 0% 1.37% 0% -1.69% 1.58% 0.22% -0.09% 1.08% 0.73% 1.63% 0.94% 1.49% 0.00% 0.36% -0.56% -1.60% 0.53% 0.18% -0.03% 1.33% 1.31% -0.38% 0.01% 0% 0% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0% IJU JUZUII 2.10 U.JUN 0% 0.01% 04 1.58% 1.46% 0.91% 0.16% -0.29% 0.61% 1.35% -0.04% -0.68% 1.25% 0% 0.01% 0.95% 0.05% 0% 0% 0.01% 0.01% 0.01% 0.01% 0.01% 140 Jul-2011 141 Aug-2011 142 Sep-2011 143 Oct-2011 144 Nov-2011 145 Dec-2011 146 Jan-2012 147 Feb-2012 148 Mar-2012 149 Apr-2012 150 May-2012 151 Jun-2012 152 Jul-2012 153 Aug-2012 154 Sep-2012 155 Oct-2012 156 Nov-2012 157 Dec-2012 158 Jan-2013 159 Feb-2013 160 Mar-2013 161 Apr-2013 162 May-2013 163 Jun-2013 164 Jul-2013 165 Aug-2013 166 Sep-2013 167 Oct-2013 168 Nov-2013 169 Dec-2013 170 Jan-2014 171 Feb-2014 172 Mar-2014 173 Apr-2014 174 May-2014 175 Jun-2014 176 Jul-2014 177 Aug-2014 178 Sep-2014 179 Oct-2014 180 Nov-2014 181 Dec-2014 182 Jan-2015 183 Feb-2015 184 Mar-2015 185 Apr-2015 186 May 2015 -1.87% -6.02% -8.21% 12.04% -0.29% 0.26% 5.67% 4.26% 2.65% -0.25% -6.24% 3.42% 1.52% 2.48% 2.11% -1.31% 0.74% 0.48% 6.25% 1.28% 3.44% 2.13% 2.32% -1.71% 5.95% -2.82% 3.20% 4.69% 2.88% 2.12% -2.63% 4.73% 0.11% 0.47% 2.17% 2.15% -1.60% 4.18% -2.55% 3.17% 2.41% -0.50% -2.29% 5.76% -1.47% 0.86% 1.39% 1.39% 0.04% 0.124 0.11% 0.21% -0.70% -0.21% 0.56% -0.09% 1.08% -1.72% -1.65% 0.19% -0.65% 0.97% 0.77% -0.35% -0.72% 1.62% 0.50% -0.18% 0.79% 1.05% 0.12% -0.26% 1.13% -0.72% 0.94% 0.65% -0.17% 2.59% -1.07% 0.37% -0.33% -0.46% Shoot1 -2.10% 2.04% -6.01% -3.42% 8.36% -1.01% 0.76% -0.17% 0.58% 0.01% -0.27% -0.46% 1.50% 0.67% 0.54% 0.94% 0.39% 87 Jun-2015 88 Jul-2015 89 Aug-2015 90 Sep-2015 91 Oct-2015 92 Nov-2015 93 Dec-2015 94 Jan-2016 95 Feb-2016 196 Mar-2016 97 Apr-2016 198 May-2016 99 Jun-2016 100 Jul-2016 01 Aug-2016 02 Sep-2016 03 Oct-2016 04 Nov-2016 05 Dec-2016 06 Jan-2017 07 Feb-2017 08 Mar-2017 09 Apr-2017 10 May-2017 11 Jun-2017 12 Jul-2017 13 Aug-2017 14 Sep-2017 15 Oct-2017 16 Nov-2017 17 Dec-2017 18 Jan-2018 19 Feb-2018 20 Mar-2018 21 Apr-2018 22 May-2018 23 Jun-2018 24 Jul-2018 25 Aug-2018 26 Sep-2018 27 Oct-2018 28 Nov-2018 29 Dec-2018 30 Jan-2019 31 Feb-2019 32 Mar-2019 33 Apr-2019 34 Mav-2019 0.01% 1.95% 0.64% -0.17% -0.08% -0.81% -2.64% -0.09% 0.62% 0.67% -0.09% 0.77% 0.66% 0.02% 0.39% -2.55% -5.17% -0.04% 6.54% 1.07% 1.79% -0.19% 4.38% 0.26% -0.31% -1.75% 4.44% 1.32% 2.51% 3.71% -0.35% 1.48% 1.01% 0.48% 2.31% 0.15% 2.04% 2.57% 3.04% 0.53% 5.80% -3.72% -2.37% 0.76% 2.79% 0.28% 3.75% 3.44% -0.29% -6.99% 2.06% -9.79% 9.18% 3.50% 0.92% 4.50% -6.45% 0.85% -0.53% 0.11% -0.17% 0.39% - 1.04% -1.02% 0.58% 0% 0.01% 0.01% 0.02% 0.02% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.03% 0.04% 0.04% 0.03% 0.05% 0.06% 0.06% 0.07% 0.09% 0.09% 0.09% 0.08% 0.09% 0.11% 0.11% 0.12% 0.14% 0.14% 0.14% 0.16% 0.16% 0.15% 0.19% 0.18% 0.19% 0.21% 0.18% 0.19% 0.21% 0.21% -0.80% 0.61% 0.03% 0.03% 0.52% -0.54% -0.74% 0.53% 1.79% 1.01% -0.05% 1.95% 0.05% 1.83% 35 Jun-2019 36 Jul-2019 37 Aug-2019 38 Sep-2019 6.60% 1.79% -2.03% 1.27% 1.16% 0.23% 2.80% 0.18% 0.19% 0.16% 0.16% -0.59%

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