;

Which mutual funds should he add to his firms funds offerings and why (compare fund characteristics and performance)? Hint: You should use the CAPM and calculate alpha.

Exhibit 2 Exhibit 3 PITTINOS FINANCIAL ADVISERS, L.I.C Fund Characteristics Erpentse Rario: The perecetage of total net aucts of the fand paid to the ievestmeat ahiser antually be cover abisory, distribution, and other adminitrative erpenses. This doss not inclade trederage costs and ether direct conts incurred from tradag-sech cests are coptured in the net prices a oheh a fond transacts and ane therefore. eeflected in fund retums. managing the fan. The advisony fee is the part of ase I spense Ratio that is retained by dhe invectinent atviser as cempensate them for serving as the portifilie manager. Tarnover: The minimum of either fand purchases or fund sales divided by the average wet net asset of the fuad ever the period. This is a macave ef trading activity. Duta scerce: Moreingstar Direct, hane 30, 2011. Exhibit 4 PITTINOS FINANCIAL. ADVISERS, LLC Fund Asset Allocation-Broad Asset Classes Duts woince: MSorningtar Ditect, Junt b), 2011 Exhibit 5 PITTINOS PINANCIAL. ADVISERS. L.L.C 2011 Equity Asset Allocation by Sector companies. ceempanies. Mitit. those that provile wiethes acees and sarikes. ind pipeline operwines. vystem and applations. dewion a thiatirg wimat. Exhibit 6 FITTIVOS FTVANCTAL. ADVISERS, LE Retumes and Variation bewleak: Exhibit 2 Exhibit 3 PITTINOS FINANCIAL ADVISERS, L.I.C Fund Characteristics Erpentse Rario: The perecetage of total net aucts of the fand paid to the ievestmeat ahiser antually be cover abisory, distribution, and other adminitrative erpenses. This doss not inclade trederage costs and ether direct conts incurred from tradag-sech cests are coptured in the net prices a oheh a fond transacts and ane therefore. eeflected in fund retums. managing the fan. The advisony fee is the part of ase I spense Ratio that is retained by dhe invectinent atviser as cempensate them for serving as the portifilie manager. Tarnover: The minimum of either fand purchases or fund sales divided by the average wet net asset of the fuad ever the period. This is a macave ef trading activity. Duta scerce: Moreingstar Direct, hane 30, 2011. Exhibit 4 PITTINOS FINANCIAL. ADVISERS, LLC Fund Asset Allocation-Broad Asset Classes Duts woince: MSorningtar Ditect, Junt b), 2011 Exhibit 5 PITTINOS PINANCIAL. ADVISERS. L.L.C 2011 Equity Asset Allocation by Sector companies. ceempanies. Mitit. those that provile wiethes acees and sarikes. ind pipeline operwines. vystem and applations. dewion a thiatirg wimat. Exhibit 6 FITTIVOS FTVANCTAL. ADVISERS, LE Retumes and Variation bewleak