` Major Asset Class Performance and Momentum 1 2 3 4   12.0x   <---Slope weighting
REPORT FOR MONTH= 12 2011 See "Help" page on www.copstrat.com for understanding and using this report. 15.0 Annualized    Category Scores Annualized Period Return Period Differentials Period Slopes N/Period Averages 0% 100%   <---Implied Relative Weighting
Asset Category Cat # Not Valid(1) Flg da/dt d12/dt d6/dt d3/dt d1/dt Period Avg. Tot Ret YTD Tot Ret 1-Mo Tot Ret  3-Mo Tot Ret 6 Mo Tot Ret 12 Mo Tot Ret Anlzd 3 Yr R2 3 Yr Std Dev 3 Yr Beta 3 Yr Sharpe Ratio ML MS APA*13/StD     S-Shrp *1/R2    Lo-Corr 1 3 6 12 3-12 3-6 6-12 1 --> 12 3 --> 12 1 --> 12 3 --> 12 Avg Rtrn 3, 6, & 12 Months Wtd Slpe 3, 6, & 12 Months 3-->12 Return Avg + Slope Asset Category
1 Cat: Specialty-Real Estate 42 0 7.78 (0.07) 6.92 16.46 7.81 6.08 7.51 4.37 14.79 (2.36) 7.51 21.67 71.18 30.31 1.35 0.83 28.6 27.9 12.3 17.2 52.4 59.2 (4.7) 7.5 51.7 63.9 (12.2) 19.9 25.8 28.6 20.7 20.7 309.9 330.6 Cat: Specialty-Real Estate 42
2 zCat: Micro Cap Growth 54 0 4.12 (5.83) 3.40 16.20 2.71 0.68 (5.83) 2.02 17.54 (11.02) (5.83) 19.27 81.00 26.17 1.25 0.80 16.6 23.6 8.3 10.2 24.2 70.2 (22.0) (5.8) 76.0 92.2 (16.2) 18.2 38.0 16.6 14.1 14.1 455.9 470.0 zCat: Micro Cap Growth 54
3 Cat: Small Value 36 0 2.70 (6.57) 2.81 13.63 0.93 0.98 (4.45) 0.95 15.86 (8.45) (4.45) 16.87 87.62 25.73 1.27 0.73 13.4 18.7 6.8 7.7 11.4 63.4 (16.9) (4.5) 67.9 80.3 (12.4) 12.8 33.9 13.4 14.0 14.0 407.3 421.4 Cat: Small Value 36
4 zCat: Micro Cap Value 55 0 3.14 (6.85) 4.02 13.74 1.65 0.05 (7.37) 1.09 14.18 (7.72) (7.37) 18.99 80.00 29.14 1.37 0.76 11.7 17.5 5.2 6.6 13.1 56.7 (15.4) (7.4) 64.1 72.2 (8.1) 13.4 32.0 11.7 11.3 11.3 384.5 395.8 zCat: Micro Cap Value 55
5 DIAMONDS Trust, Series 1 49 0 2.00 (4.01) 3.06 8.27 0.67 5.21 7.73 1.38 12.30 (0.56) 7.73 14.56 97.08 17.62 0.91 0.86 18.1 16.4 13.3 13.8 16.6 49.2 (1.1) 7.7 41.5 50.3 (8.8) 7.7 20.7 18.1 18.6 18.6 248.8 267.4 DIAMONDS Trust, Series 1 49
6 Cat: Small Blend 34 0 2.19 (7.10) 2.03 13.38 0.43 0.38 (4.07) 0.19 15.25 (9.84) (4.07) 16.77 87.41 25.13 1.24 0.74 9.9 15.8 5.1 5.8 2.3 61.0 (19.7) (4.1) 65.1 80.7 (15.6) 10.0 32.5 9.9 12.4 12.4 390.4 402.8 Cat: Small Blend 34
7 Cat: Large Value 21 0 2.22 (5.82) 2.91 10.04 1.75 1.59 (0.75) 1.26 11.97 (6.12) (0.75) 11.76 95.71 19.88 1.03 0.67 12.5 15.8 8.2 8.5 15.1 47.9 (12.2) (0.8) 48.6 60.1 (11.5) 10.8 24.3 12.5 11.6 11.6 291.8 303.4 Cat: Large Value 21
8 Cat: Specialty-Health 39 0 2.22 (3.97) 3.42 7.79 1.62 2.98 7.66 1.94 8.79 (6.47) 7.66 13.43 65.03 17.03 0.72 0.82 13.3 14.6 10.1 15.6 23.3 35.2 (12.9) 7.7 27.5 48.1 (20.6) 9.5 13.8 13.3 10.0 10.0 165.0 175.0 Cat: Specialty-Health 39
9 Cat: Ultrashort Bond 45 0 1.92 (2.42) 2.60 5.83 1.65 5.57 10.58 1.86 8.34 1.49 10.58 12.84 68.25 14.17 0.62 0.92 17.3 13.9 15.9 23.3 22.3 33.4 3.0 10.6 22.8 30.4 (7.6) 6.6 11.4 17.3 15.6 15.6 136.7 152.3 Cat: Ultrashort Bond 45
10 Cat: Mid-Cap Value 28 0 2.00 (6.57) 2.41 11.40 0.75 (0.02) (3.96) 0.34 12.83 (9.27) (3.96) 16.57 92.23 22.33 1.13 0.80 8.2 13.9 4.8 5.2 4.1 51.3 (18.5) (4.0) 55.3 69.9 (14.6) 9.4 27.6 8.2 9.6 9.6 331.7 341.3 Cat: Mid-Cap Value 28
11 Cat: Long Government 23 0 3.15 10.13 7.90 (7.34) 1.92 17.21 32.90 3.83 1.82 30.30 32.90 6.78 53.84 16.57 4.18 0.57 36.7 13.3 28.8 53.5 46.0 7.3 60.6 32.9 (25.6) (53.3) 27.7 (1.4) (12.8) 36.7 33.6 33.6 (153.7) (120.1) Cat: Long Government 23
12 Cat: Specialty-Financial 38 0 3.67 (6.78) 3.32 13.61 4.53 (4.61) (15.12) 1.01 9.88 (14.21) (15.12) 5.03 83.49 26.98 1.30 0.32 2.0 12.9 1.0 1.2 12.1 39.5 (28.4) (15.1) 54.6 67.9 (13.3) 15.0 27.3 2.0 (1.3) (1.3) 327.8 326.5 Cat: Specialty-Financial 38
13 Cat: Large Blend 19 0 1.58 (6.01) 2.06 9.35 0.94 0.95 (1.27) 0.40 11.14 (6.46) (1.27) 13.18 96.16 19.62 1.01 0.72 8.8 12.3 5.8 6.1 4.8 44.6 (12.9) (1.3) 45.8 57.5 (11.7) 7.6 22.9 8.8 10.1 10.1 275.0 285.1 Cat: Large Blend 19
14 Cat: High Yield Bond 13 0 3.42 0.31 3.26 5.70 4.39 2.31 2.83 2.25 5.58 (1.43) 2.83 19.74 0.61 10.19 (0.17) 1.85 12.3 12.3 15.7 2577.1 27.0 22.3 (2.9) 2.8 19.5 25.2 (5.7) 9.8 9.7 12.3 7.4 7.4 116.9 124.4 Cat: High Yield Bond 13
15 SPDRs 51 0 1.15 (6.32) 2.00 8.08 0.82 2.01 1.18 0.41 10.86 (4.43) 1.18 13.70 100.00 18.91 0.99 0.77 10.2 12.1 7.0 7.0 4.9 43.4 (8.9) 1.2 42.3 52.3 (10.0) 6.4 21.1 10.2 11.9 11.9 253.6 265.5 SPDRs 51
16 Cat: Mid-Cap Blend 26 0 1.64 (6.90) 1.83 11.54 0.11 (0.42) (3.81) (0.31) 12.72 (10.29) (3.81) 17.41 89.30 22.18 1.10 0.84 5.7 11.8 3.3 3.7 (3.7) 50.9 (20.6) (3.8) 54.7 71.5 (16.8) 7.2 27.3 5.7 8.8 8.8 328.1 337.0 Cat: Mid-Cap Blend 26
17 Cat: Small Growth 35 0 1.22 (7.67) 1.03 11.79 (0.25) (0.60) (3.55) (0.64) 13.56 (11.79) (3.55) 18.45 83.42 23.53 1.13 0.84 4.9 11.6 2.7 3.2 (7.7) 54.2 (23.6) (3.6) 57.8 77.8 (20.0) 6.5 28.9 4.9 9.0 9.0 346.7 355.8 Cat: Small Growth 35
18 Cat: Long-Short 24 0 3.19 3.77 3.84 1.31 3.82 5.71 11.47 2.34 2.28 6.74 11.47 12.70 44.03 8.89 1.76 1.59 15.5 9.3 22.7 51.6 28.1 9.1 13.5 11.5 (2.4) (4.4) 2.0 4.5 (1.2) 15.5 11.4 11.4 (14.1) (2.7) Cat: Long-Short 24
19 Cat: Moderate Allocation 29 0 1.38 (3.73) 1.65 6.35 1.23 0.64 (0.11) 0.40 6.69 (4.44) (0.11) 11.54 95.05 12.91 1.03 0.91 5.6 7.9 5.7 6.0 4.8 26.8 (8.9) (0.1) 26.9 35.6 (8.8) 5.0 13.4 5.6 5.9 5.9 161.2 167.1 Cat: Moderate Allocation 29
20 Cat: High Yield Muni 14 0 1.87 4.69 0.65 0.12 2.03 4.86 10.18 1.98 1.69 5.58 10.18 14.36 70.85 8.26 1.49 1.72 13.0 7.6 20.4 28.8 23.8 6.8 11.2 10.2 (3.4) (4.4) 1.0 3.6 (1.7) 13.0 9.4 9.4 (20.5) (11.2) Cat: High Yield Muni 14
21 Cat: Multisector Bond 30 0 2.38 0.55 2.28 3.83 2.85 1.90 3.37 1.40 3.10 (0.27) 3.37 14.52 7.22 6.81 0.42 2.05 8.0 7.3 15.3 211.7 16.8 12.4 (0.5) 3.4 9.0 12.9 (3.9) 5.3 4.5 8.0 5.1 5.1 54.2 59.3 Cat: Multisector Bond 30
22 iPath S&P GSCI Total Return Index ETN 53 0 1.05 (10.53) 4.70 13.06 (3.04) 1.33 (1.40) (1.46) 10.84 (2.65) (1.40) 7.18 85.76 23.50 1.15 0.40 4.8 6.5 2.6 3.1 (17.5) 43.4 (5.3) (1.4) 44.8 48.7 (3.9) 0.0 22.4 4.8 12.2 12.2 268.6 280.8 iPath S&P GSCI Total Return Index ETN 53
23 Cat: Conservative Allocation 2 0 1.53 (1.57) 1.66 4.49 1.55 1.21 1.70 0.69 4.35 (1.91) 1.70 10.57 88.88 8.60 0.67 1.22 5.9 6.4 8.9 10.0 8.3 17.4 (3.8) 1.7 15.7 21.2 (5.5) 4.1 7.9 5.9 5.1 5.1 94.2 99.3 Cat: Conservative Allocation 2
24 Cat: Specialty-Communications 37 0 1.23 (5.80) 2.58 8.16 (0.04) (2.39) (5.31) (0.01) 6.44 (10.66) (5.31) 15.93 68.56 20.80 0.88 0.81 (0.2) 6.4 (0.2) (0.2) (0.1) 25.8 (21.3) (5.3) 31.1 47.1 (16.0) 6.3 15.5 (0.2) (0.3) (0.3) 186.4 186.1 Cat: Specialty-Communications 37
25 Cat: Large Growth 20 0 0.44 (6.53) 0.31 8.07 (0.08) (0.52) (2.46) (1.14) 9.30 (7.79) (2.46) 15.34 90.94 19.26 0.97 0.83 1.4 5.9 0.9 1.0 (13.7) 37.2 (15.6) (2.5) 39.7 52.8 (13.1) 1.9 19.8 1.4 6.4 6.4 238.0 244.3 Cat: Large Growth 20
26 Cat: Convertibles 3 0 1.38 (4.28) 1.98 6.00 1.84 (2.40) (5.62) 0.05 4.89 (8.93) (5.62) 15.47 78.83 13.17 0.96 1.20 (0.8) 5.0 (0.8) (1.0) 0.6 19.6 (17.9) (5.6) 25.2 37.4 (12.2) 5.6 12.6 (0.8) (1.3) (1.3) 151.1 149.8 Cat: Convertibles 3
27 Cat: Intermediate-Term Bond 17 0 1.75 2.03 1.77 1.37 1.84 2.82 5.86 1.20 1.32 2.89 5.86 9.22 53.38 3.93 0.89 2.36 7.8 4.9 25.9 48.5 14.4 5.3 5.8 5.9 (0.6) (0.5) (0.1) 2.5 (0.3) 7.8 5.6 5.6 (3.5) 2.2 Cat: Intermediate-Term Bond 17
28 Cat: Mid-Cap Growth 27 0 (0.04) (7.68) (0.33) 9.09 (1.26) (1.69) (3.96) (1.88) 10.36 (11.29) (3.96) 18.63 85.44 21.11 1.03 0.91 (1.9) 4.7 (1.2) (1.4) (22.6) 41.4 (22.6) (4.0) 45.4 64.0 (18.6) 0.8 22.7 (1.9) 5.0 5.0 272.4 277.4 Cat: Mid-Cap Growth 27
29 NASDAQ 100 Trust Shares 50 0 0.37 (5.70) 1.13 4.05 1.98 1.86 3.36 (0.71) 6.65 (1.87) 3.36 24.22 85.01 19.43 0.94 1.21 4.4 4.5 3.0 3.5 (8.5) 26.6 (3.7) 3.4 23.2 30.3 (7.1) (0.5) 11.6 4.4 8.7 8.7 139.4 148.2 NASDAQ 100 Trust Shares 50
30 Cat: Long-Term Bond 25 0 0.48 (3.00) 0.16 4.17 0.59 (0.88) (2.82) (0.21) 4.19 (4.68) (2.82) 6.27 60.22 11.86 0.48 0.48 0.5 3.6 0.6 0.9 (2.5) 16.8 (9.4) (2.8) 19.6 26.1 (6.5) 2.7 9.8 0.5 1.5 1.5 117.5 119.0 Cat: Long-Term Bond 25
31 Cat: Emerging Markets Bond 6 0 2.37 (0.76) (0.04) 7.98 2.32 0.37 1.98 0.07 3.07 (3.65) 1.98 15.92 6.39 10.10 0.86 1.60 1.9 3.3 2.5 39.3 0.8 12.3 (7.3) 2.0 10.3 19.6 (9.3) 1.6 5.2 1.9 2.3 2.3 61.8 64.1 Cat: Emerging Markets Bond 6
32 Cat: World Bond 47 0 1.71 (0.61) 0.93 3.90 2.63 1.08 3.40 0.78 0.66 (0.54) 3.40 7.73 26.62 7.73 1.28 1.16 3.6 3.0 6.0 22.6 9.4 2.6 (1.1) 3.4 (0.8) 3.7 (4.5) 2.2 (0.4) 3.6 1.7 1.7 (4.6) (2.9) Cat: World Bond 47
33 Cat: Latin America Stock 22 0 4.38 (6.41) (0.50) 19.70 4.74 (9.51) (22.64) (1.76) 8.03 (21.68) (22.64) 24.30 72.17 32.38 1.21 0.84 (13.7) 2.8 (5.5) (7.6) (21.1) 32.1 (43.4) (22.6) 54.8 75.5 (20.7) 8.0 27.4 (13.7) (11.3) (11.3) 328.6 317.3 Cat: Latin America Stock 22
34 Cat: Intermediate Government 16 0 0.81 1.94 0.85 0.10 0.37 3.05 6.70 0.67 0.72 4.09 6.70 5.73 68.08 2.90 0.84 2.04 6.5 2.7 28.9 42.5 8.0 2.9 8.2 6.7 (3.8) (5.3) 1.5 (0.1) (1.9) 6.5 5.9 5.9 (22.9) (17.0) Cat: Intermediate Government 16
35 Cat: World Stock 48 0 0.75 (7.33) 0.59 9.34 0.39 (3.69) (7.93) (1.36) 6.71 (12.18) (7.93) 12.35 88.49 21.09 0.87 0.66 (5.4) 2.6 (3.4) (3.8) (16.3) 26.8 (24.4) (7.9) 34.8 51.2 (16.4) 2.6 17.4 (5.4) (1.8) (1.8) 208.6 206.8 Cat: World Stock 48
36 Cat: Inflation-Protected Bound 15 0 0.34 1.61 (0.49) 0.53 (0.27) 4.62 10.93 0.04 2.22 5.29 10.93 9.42 33.43 5.73 1.16 1.58 7.7 2.3 17.5 52.4 0.5 8.9 10.6 10.9 (2.1) (1.7) (0.4) (3.3) (1.0) 7.7 10.1 10.1 (12.3) (2.2) Cat: Inflation-Protected Bound 15
37 Cat: World Allocation 46 0 0.98 (4.52) 1.08 6.84 0.50 (1.89) (3.99) (0.83) 4.10 (6.82) (3.99) 10.53 85.08 14.21 1.08 0.78 (2.8) 1.6 (2.6) (3.0) (10.0) 16.4 (13.6) (4.0) 20.4 30.0 (9.7) 1.2 10.2 (2.8) (0.4) (0.4) 122.3 121.9 Cat: World Allocation 46
38 Cat: Short-Term Bond 33 0 0.68 0.68 0.53 0.81 0.69 0.65 1.66 0.35 0.52 0.08 1.66 5.12 25.28 2.17 0.31 2.29 2.0 1.6 12.1 48.0 4.2 2.1 0.2 1.7 0.4 1.9 (1.5) 1.0 0.2 2.0 1.3 1.3 2.5 3.8 Cat: Short-Term Bond 33
39 Cat: Short Government 32 0 0.31 0.61 0.25 0.22 0.15 0.89 2.09 0.18 0.25 1.05 2.09 2.70 50.92 1.54 0.38 1.77 1.8 0.8 15.5 30.5 2.2 1.0 2.1 2.1 (1.1) (1.1) 0.0 (0.1) (0.5) 1.8 1.7 1.7 (6.5) (4.8) Cat: Short Government 32
40 Cat: Specialty-Utilities 44 0 0.22 0.13 0.17 0.33 0.24 0.07 0.25 0.11 0.23 (0.30) 0.25 2.90 3.76 1.50 0.03 1.79 0.5 0.6 4.1 108.8 1.3 0.9 (0.6) 0.3 0.7 1.5 (0.9) 0.5 0.3 0.5 0.2 0.2 4.0 4.2 Cat: Specialty-Utilities 44
41 Cat: Specialty-Technology 43 0 (0.40) (7.54) 0.75 4.62 0.57 (3.75) (7.62) (2.51) 6.15 (11.03) (7.62) 21.54 78.98 21.74 1.02 1.00 (8.8) (1.4) (5.3) (6.7) (30.1) 24.6 (22.1) (7.6) 32.2 46.7 (14.4) (2.1) 16.1 (8.8) (1.7) (1.7) 193.3 191.6 Cat: Specialty-Technology 43
42 Cat: Foreign Large Growth 9 0 0.25 (8.68) (0.68) 10.52 (0.14) (6.44) (12.30) (2.66) 5.30 (16.12) (12.30) 11.79 90.39 22.53 0.94 0.60 (13.8) (2.7) (8.0) (8.8) (31.9) 21.2 (32.2) (12.3) 33.5 53.4 (19.9) (0.5) 16.8 (13.8) (7.8) (7.8) 201.0 193.2 Cat: Foreign Large Growth 9
43 Cat: Foreign Large Blend 8 0 0.26 (8.72) (0.64) 10.03 0.36 (7.31) (13.97) (2.39) 4.48 (17.36) (13.97) 7.79 95.16 23.28 1.00 0.43 (14.9) (2.7) (8.3) (8.7) (28.7) 17.9 (34.7) (14.0) 31.9 52.6 (20.7) 0.9 15.9 (14.9) (10.3) (10.3) 191.3 181.1 Cat: Foreign Large Blend 8
44 Cat: Foreign Large Value 10 0 (0.04) (9.04) (0.48) 8.67 0.70 (7.05) (12.77) (2.20) 3.90 (17.12) (12.77) 6.76 96.56 23.80 1.03 0.39 (14.5) (2.7) (7.9) (8.2) (26.4) 15.6 (34.2) (12.8) 28.4 49.8 (21.5) 0.9 14.2 (14.5) (10.5) (10.5) 170.2 159.8 Cat: Foreign Large Value 10
45 Cat: Specialty-Natural Res 40 0 (1.24) (12.72) (1.84) 14.38 (4.79) (5.92) (13.97) (4.91) 10.98 (15.78) (13.97) 15.18 73.02 26.81 1.20 0.64 (15.1) (3.8) (7.3) (10.0) (58.9) 43.9 (31.6) (14.0) 57.9 75.5 (17.6) (5.9) 28.9 (15.1) (0.5) (0.5) 347.3 346.8 Cat: Specialty-Natural Res 40
46 Cat: Europe Stock 7 0 (0.37) (10.10) (1.10) 10.00 (0.26) (8.64) (15.15) (3.31) 4.38 (20.46) (15.15) 10.61 89.91 27.08 1.12 0.51 (19.6) (5.6) (9.4) (10.4) (39.7) 17.5 (40.9) (15.2) 32.7 58.4 (25.8) (1.5) 16.3 (19.6) (12.9) (12.9) 196.0 183.2 Cat: Europe Stock 7
47 Cat: Foreign Small/Mid Growth 11 0 (0.02) (9.99) (0.51) 10.28 0.15 (8.14) (14.72) (2.75) 2.57 (17.66) (14.72) 15.94 89.22 22.75 0.94 0.75 (18.2) (5.7) (10.4) (11.6) (33.0) 10.3 (35.3) (14.7) 25.0 45.6 (20.6) (0.9) 12.5 (18.2) (13.3) (13.3) 150.0 136.7 Cat: Foreign Small/Mid Growth 11
48 Cat: Diversified Emerging Mkts 4 0 0.60 (8.18) (1.77) 12.73 (0.38) (9.68) (19.86) (3.54) 4.22 (19.55) (19.86) 18.32 79.44 26.48 1.04 0.77 (21.1) (6.4) (10.4) (13.1) (42.5) 16.9 (39.1) (19.9) 36.7 56.0 (19.2) (1.2) 18.4 (21.1) (14.0) (14.0) 220.4 206.4 Cat: Diversified Emerging Mkts 4
49 Cat: Diversified Pacific/Asia 5 0 (0.26) (8.64) (2.16) 10.88 (1.14) (9.01) (17.97) (3.39) 2.79 (17.47) (17.97) 8.90 87.65 21.71 0.89 0.51 (20.6) (7.4) (12.3) (14.1) (40.7) 11.2 (34.9) (18.0) 29.1 46.1 (17.0) (2.2) 14.6 (20.6) (13.9) (13.9) 174.8 160.9 Cat: Diversified Pacific/Asia 5
50 Cat: Foreign Small/Mid Value 12 0 (0.73) (11.35) (0.95) 9.03 0.34 (9.41) (15.99) (3.07) 0.73 (19.31) (15.99) 14.22 91.69 23.55 0.99 0.69 (22.1) (8.5) (12.2) (13.3) (36.8) 2.9 (38.6) (16.0) 18.9 41.5 (22.6) (2.1) 9.5 (22.1) (17.2) (17.2) 113.5 96.2 Cat: Foreign Small/Mid Value 12
51 Cat: Japan Stock 18 0 (2.89) (9.17) (3.53) 1.94 (0.80) (7.44) (13.46) (1.74) (3.32) (11.25) (13.46) 1.07 58.95 22.32 0.75 0.22 (17.5) (8.5) (10.2) (17.3) (20.9) (13.3) (22.5) (13.5) 0.2 9.2 (9.0) (1.3) 0.1 (17.5) (16.4) (16.4) 1.1 (15.3) Cat: Japan Stock 18
52 Cat: Pacific/Asia ex-Japan Stk 31 0 0.45 (6.72) (2.70) 10.07 1.14 (11.87) (20.95) (4.67) (0.72) (21.13) (20.95) 17.52 67.45 28.76 1.03 0.72 (30.5) (14.7) (13.8) (20.5) (56.0) (2.9) (42.3) (21.0) 18.1 39.4 (21.3) (6.6) 9.0 (30.5) (22.0) (22.0) 108.4 86.4 Cat: Pacific/Asia ex-Japan Stk 31
53 Cat: Bear-Market 1 0 (0.69) 6.29 (0.73) (8.28) (0.04) (6.85) (10.85) (0.57) (14.48) (1.48) (10.85) (26.85) 75.67 27.64 (1.19) (1.01) (19.6) (16.2) (9.2) (12.2) (6.8) (57.9) (3.0) (10.9) (47.1) (55.0) 7.9 (4.3) (23.5) (19.6) (23.9) (23.9) (282.4) (306.3) Cat: Bear-Market 1
54 SPDR Gold Shares 52 0 (9.39) (16.06) (9.60) 0.43 (12.33) (0.21) 9.57 (10.66) (3.84) 4.10 9.57 20.65 21.60 20.05 0.48 1.04 (31.4) (35.8) (20.3) (94.2) (127.9) (15.4) 8.2 9.6 (24.9) (23.6) (1.4) (43.6) (12.5) (31.4) 0.8 0.8 (149.6) (148.8) SPDR Gold Shares 52
55 Cat: Specialty-Precious Metals 41 0 (9.15) (16.94) (8.25) 2.53 (13.93) (12.78) (20.68) (13.14) (5.87) (11.42) (20.68) 19.63 4.75 34.01 54.38 0.70 (56.2) (45.3) (21.5) (452.0) (157.7) (23.5) (22.8) (20.7) (2.8) (0.6) (2.2) (41.2) (1.4) (56.2) (22.3) (22.3) (16.8) (39.1) Cat: Specialty-Precious Metals 41
56 0.00 56 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 56
57 0.00 57 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 57
58 0.00 58 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 58
59 0.00 59 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 59
60 60 2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 60
-4.921 << dA/dt Average Top 10 1-Mo>> 13.185 -6.0325 <<3-Mo  APA >> 14.965             (2.3)        2.1        49.9 Average Average          0.5       117.9       118.3
-3.6743 Average Top 30  8.983667 -3.9306 9.8056
(1) "Not Valid Flag" means that there is insufficient data to generate the 6-Mo Return, which in turn means that all subsequent
 data that uses the 6-Mo return is not calculated the same was as for other classes.  In this case, the 3 month return is 
substituted for the 6-month return (note: they are both the same for these cases).  It takes four months of accumulated data
 to calculate valid 6-month returns.  Those, flagged, are comparable to each other.
It may also be the case that the fund has not been in existence long enough to produce a 3, 6, 12 month return.
Sub Asset Class Performance and Momentum 1 2 3 4   12.0x   <---Slope weighting
REPORT FOR MONTH = 11 2011 See "Help" page on www.copstrat.com for understanding and using this report. Annualized    Category Scores Annualized Period Return Period Differentials Period Slopes N/Period Averages 16% 84%   <---Implied Relative Weighting
Asset Category Ticker Not Valid(1) Flg Cat # da/dt d12/dt d6/dt d3/dt d1/dt Period Avg. Tot Ret YTD Tot Ret 1 Mo Tot Ret 3 Mo Tot Ret 6 Mo Tot Ret 12 Mo Tot Ret Annlzd 3 Yr R2 3 Yr Std Dev 3 Yr Sharpe Ratio ML MS APA*13/StD     S-Shrp *1/R2    Lo-Corr 1 3 6 12 3-12 3-6 6-12 1 --> 12 3 --> 12 1 --> 12 3 --> 12 Avg Rtrn 3, 6, & 12 Months Wtd Slpe 3, 6, & 12 Months 3-->12 Return Avg + Slope Asset Category
1 Idx: MSCI Ireland ID - 0 3 4.0 11.2 7.1 8.9 -11.3 4.4 4.1 1.4 4.6 -6.8 18.3 -4.0 0.0 29.3 0.0 10.1 8.9 4.5 0.0 17.2 18.5 -13.5 18.3 0.3 32.0 -31.8 2.9 0.1 10.1 7.8 7.8 1.5 9.3 Idx: MSCI Ireland ID
2 iShares MSCI Thailand Invest Mkt Index THD 0 43 4.7 0.0 8.7 10.9 0.0 -2.4 -3.1 4.6 -7.1 -7.6 0.5 47.2 49.5 30.4 1.4 3.0 6.7 1.3 2.6 55.2 -28.4 -15.1 0.5 -28.9 -13.3 -15.6 15.1 -14.4 3.0 -14.4 -14.4 -173.1 -187.5 iShares MSCI Thailand Invest Mkt Index
3 SPDR Russell/Nomura Small Cap Japan JSC 0 36 4.0 -1.0 4.9 6.1 5.8 2.3 -0.9 2.2 -2.3 1.5 7.6 10.4 39.8 19.6 0.6 7.1 4.4 4.7 11.8 26.9 -9.3 3.1 7.6 -17.0 -12.4 -4.6 4.5 -8.5 7.1 0.5 0.5 -101.7 -101.2 SPDR Russell/Nomura Small Cap Japan
4 iShares MSCI South Korea Index EWY 0 27 0.9 2.0 4.6 14.5 -17.8 -2.5 -7.9 1.2 -1.1 -14.6 4.7 34.1 64.3 38.5 1.0 -3.7 2.4 -1.2 -1.9 14.3 -4.5 -29.3 4.7 -9.2 24.7 -34.0 5.3 -4.6 -3.7 -9.7 -9.7 -55.4 -65.1 iShares MSCI South Korea Index
5 iShares MSCI Malaysia Index EWM 0 20 -0.2 4.6 0.6 6.8 -12.8 0.0 -1.4 1.2 -1.1 -5.9 5.9 29.4 60.5 20.0 1.4 0.8 2.3 0.5 0.9 13.8 -4.5 -11.9 5.9 -10.4 7.4 -17.8 3.1 -5.2 0.8 -3.5 -3.5 -62.4 -65.9 iShares MSCI Malaysia Index
6 SPDR S&P 500 SPY 0 40 -1.4 -0.4 0.7 5.3 -11.3 0.9 0.8 -0.4 2.8 -6.4 7.5 13.9 100.0 18.9 0.8 0.2 1.6 0.1 0.1 -4.9 11.1 -12.9 7.5 3.6 24.0 -20.4 -1.3 1.8 0.2 1.9 1.9 21.7 23.6 SPDR S&P 500
7 Market Vectors Russia ETF RSX 0 35 1.8 2.1 6.7 16.4 -17.9 -8.0 -17.7 2.5 -6.6 -19.4 -8.7 30.5 55.3 42.3 0.8 -10.9 0.9 -3.4 -6.1 30.0 -26.2 -38.7 -8.7 -17.6 12.5 -30.1 12.8 -8.8 -10.9 -24.5 -24.5 -105.4 -130.0 Market Vectors Russia ETF
8 iShares MSCI South Africa Index EZA 0 25 0.8 3.6 6.5 3.3 -10.0 -3.3 -12.2 2.2 -5.9 -10.0 0.4 26.7 69.1 31.9 0.9 -4.3 0.6 -1.8 -2.5 26.2 -23.7 -20.0 0.4 -24.1 -3.7 -20.4 7.4 -12.0 -4.3 -14.5 -14.5 -144.5 -159.0 iShares MSCI South Africa Index
9 iShares MSCI United Kingdom Index EWU 0 34 -1.0 3.8 0.7 6.2 -14.6 -1.9 -3.9 -1.6 0.2 -10.5 4.4 13.3 90.1 24.5 0.6 -8.8 -4.7 -4.7 -5.2 -19.4 0.7 -21.0 4.4 -3.7 21.7 -25.4 -5.0 -1.8 -8.8 -5.3 -5.3 -22.0 -27.3 iShares MSCI United Kingdom Index
10 iShares FTSE China 25 Index Fund FXI 0 16 -1.1 3.5 0.1 8.6 -16.5 -9.8 -14.6 0.4 -6.2 -18.9 -14.7 12.8 59.2 28.2 0.6 -18.0 -4.9 -8.3 -14.1 5.3 -25.0 -37.7 -14.7 -10.2 12.8 -23.0 7.3 -5.1 -18.0 -25.8 -25.8 -61.4 -87.2 iShares FTSE China 25 Index Fund
11 SPDR S&P Emerging Middle East & Africa GAF 0 39 -0.1 1.1 4.2 2.9 -8.6 -6.2 -16.1 0.5 -7.6 -11.9 -5.7 21.9 68.9 25.8 0.9 -13.5 -6.1 -6.8 -9.9 6.0 -30.6 -23.9 -5.7 -24.9 -6.7 -18.2 2.8 -12.5 -13.5 -20.0 -20.0 -149.4 -169.4 SPDR S&P Emerging Middle East & Africa
12 iShares MSCI Mexico Investable Mkt Idx EWW 0 21 -2.5 -3.0 2.3 4.2 -13.3 -5.9 -10.5 -0.5 -6.4 -11.1 -5.8 25.3 79.3 28.2 0.9 -14.7 -7.7 -6.8 -8.6 -5.4 -25.5 -22.3 -5.8 -19.8 -3.2 -16.5 -0.2 -9.9 -14.7 -17.9 -17.9 -118.5 -136.4 iShares MSCI Mexico Investable Mkt Idx
13 iShares MSCI Germany Index EWG 0 17 0.6 2.7 2.4 16.2 -18.7 -8.0 -11.6 -2.7 -1.4 -22.0 -6.0 10.3 90.6 33.7 0.5 -22.0 -9.5 -8.5 -9.4 -32.3 -5.6 -44.1 -6.0 0.5 38.5 -38.0 -4.0 0.2 -22.0 -18.6 -18.6 2.9 -15.7 iShares MSCI Germany Index
14 Market Vectors Indonesia Index ETF IDX 0 2 -1.8 5.1 0.2 4.9 -17.4 -2.4 1.0 -0.5 -8.3 -6.8 5.8 0.0 0.0 0.0 0.0 -11.8 -9.9 0.0 0.0 -6.5 -33.1 -13.5 5.8 -38.9 -19.6 -19.3 -5.6 -19.4 -11.8 -13.6 -13.6 -233.1 -246.7 Market Vectors Indonesia Index ETF
15 iShares MSCI Australia Index EWA 0 9 -3.5 2.0 3.1 1.4 -20.4 -3.7 -7.0 -2.0 -4.4 -11.4 3.1 25.1 81.8 31.3 0.9 -15.4 -10.5 -6.4 -7.8 -24.2 -17.8 -22.8 3.1 -20.9 5.1 -26.0 -7.7 -10.4 -15.4 -12.5 -12.5 -125.3 -137.8 iShares MSCI Australia Index
16 SPDR S&P BRIC 40 BIK 0 37 -1.9 1.3 1.7 7.3 -17.9 -8.3 -13.7 -1.6 -5.7 -16.8 -9.2 21.5 71.7 28.4 0.8 -21.3 -10.6 -9.8 -13.6 -19.7 -22.8 -33.6 -9.2 -13.6 10.8 -24.5 -2.1 -6.8 -21.3 -21.9 -21.9 -81.8 -103.6 SPDR S&P BRIC 40
17 iShares MSCI Pacific ex-Japan EPP 0 24 -3.3 0.7 1.1 2.8 -17.8 -5.8 -9.2 -1.7 -6.1 -13.1 -2.1 24.0 86.8 28.9 0.9 -18.2 -11.2 -8.2 -9.4 -20.3 -24.4 -26.2 -2.1 -22.2 1.8 -24.1 -5.3 -11.1 -18.2 -17.6 -17.6 -133.4 -150.9 iShares MSCI Pacific ex-Japan
18 SPDR S&P Emerging Europe GUR 0 38 1.1 3.1 6.1 11.6 -16.5 -9.9 -16.5 -1.1 -7.9 -21.5 -9.1 19.7 76.6 35.5 0.7 -24.4 -11.4 -8.9 -11.6 -13.7 -31.8 -42.9 -9.1 -22.7 11.2 -33.8 -0.3 -11.3 -24.4 -27.9 -27.9 -136.0 -163.9 SPDR S&P Emerging Europe
19 iShares MSCI Emerging Markets Index EEM 0 23 -2.4 0.8 0.8 7.0 -18.3 -8.5 -15.2 -2.0 -6.4 -16.7 -9.0 22.5 81.4 29.2 0.8 -22.9 -12.3 -10.2 -12.6 -23.6 -25.6 -33.5 -9.0 -16.6 7.8 -24.4 -3.6 -8.3 -22.9 -22.7 -22.7 -99.7 -122.4 iShares MSCI Emerging Markets Index
20 iShares MSCI Hong Kong Index EWH 0 18 -3.3 -1.8 -1.4 4.4 -14.2 -10.2 -14.4 -1.2 -9.4 -16.7 -13.5 19.9 58.5 25.3 0.8 -24.9 -13.1 -12.8 -21.8 -14.9 -37.6 -33.4 -13.5 -24.2 -4.2 -20.0 -0.8 -12.1 -24.9 -28.2 -28.2 -145.1 -173.3 iShares MSCI Hong Kong Index
21 U.S. Global Investors Eastern European EUROX 0 41 0.3 1.1 2.0 11.0 -13.1 -12.2 -21.1 -2.0 -8.7 -23.2 -15.1 17.4 78.0 31.9 0.7 -29.9 -14.5 -12.2 -15.6 -23.4 -34.7 -46.3 -15.1 -19.6 11.6 -31.2 -1.3 -9.8 -29.9 -32.0 -32.0 -117.4 -149.4 U.S. Global Investors Eastern European
22 iShares MSCI Canada Index EWC 0 13 -4.3 -4.1 -0.3 0.6 -13.6 -7.9 -10.8 -2.8 -8.1 -16.0 -4.8 19.3 69.4 26.5 0.8 -25.6 -16.4 -12.6 -18.1 -33.1 -32.5 -32.0 -4.8 -27.7 -0.6 -27.2 -8.6 -13.9 -25.6 -23.1 -23.1 -166.4 -189.5 iShares MSCI Canada Index
23 iShares MSCI Sweden Index EWD 0 31 -3.8 -1.1 -1.2 6.8 -19.5 -10.0 -15.5 -4.0 -4.6 -24.3 -7.0 25.0 80.8 32.5 0.8 -30.4 -16.5 -12.1 -15.0 -47.4 -18.6 -48.6 -7.0 -11.6 30.0 -41.6 -9.1 -5.8 -30.4 -24.7 -24.7 -69.7 -94.4 iShares MSCI Sweden Index
24 iShares MSCI EMU Index EZU 0 14 -0.5 6.7 0.4 7.8 -16.9 -10.5 -14.5 -4.2 -6.5 -24.3 -6.9 5.6 95.2 32.1 0.3 -33.1 -19.2 -13.4 -14.1 -50.8 -26.0 -48.6 -6.9 -19.1 22.6 -41.7 -10.9 -9.5 -33.1 -27.2 -27.2 -114.4 -141.6 iShares MSCI EMU Index
25 iShares S&P Latin America 40 Index ILF 0 29 -5.7 -2.0 -0.7 0.8 -21.1 -9.9 -17.8 -4.1 -7.4 -15.5 -12.7 24.6 73.3 28.8 0.9 -30.6 -19.7 -13.8 -18.9 -49.3 -29.4 -31.0 -12.7 -16.7 1.6 -18.2 -10.8 -8.3 -30.6 -24.4 -24.4 -100.0 -124.4 iShares S&P Latin America 40 Index
26 Idx: MSCI Turkey USD - 0 7 4.3 3.4 6.7 9.7 -2.8 -16.1 -30.6 -5.2 -4.2 -22.4 -32.7 18.8 0.0 37.2 0.6 -39.2 -19.8 -13.7 0.0 -62.2 -16.9 -44.9 -32.7 15.8 28.0 -12.2 -6.0 7.9 -39.2 -31.5 -31.5 94.9 63.4 Idx: MSCI Turkey USD
27 Idx: MSCI Thailand USD - 0 6 -3.4 -3.5 0.9 4.5 -15.6 -7.5 -7.8 -3.2 -10.4 -11.9 -4.5 39.1 0.0 28.2 1.3 -26.9 -19.9 -12.4 0.0 -38.0 -41.6 -23.7 -4.5 -37.1 -17.9 -19.2 -11.9 -18.5 -26.9 -23.3 -23.3 -222.4 -245.7 Idx: MSCI Thailand USD
28 iShares MSCI Netherlands Invstbl Mkt Idx EWN 0 26 -2.2 4.5 0.3 3.9 -17.6 -9.1 -15.2 -5.0 -5.0 -21.3 -5.0 11.5 92.4 29.1 0.5 -31.9 -20.0 -14.3 -15.4 -59.9 -20.2 -42.6 -5.0 -15.1 22.4 -37.6 -14.2 -7.6 -31.9 -22.6 -22.6 -90.8 -113.4 iShares MSCI Netherlands Invstbl Mkt Idx
29 iShares MSCI Singapore Index EWS 0 28 -3.4 -1.8 -1.9 5.2 -15.3 -9.5 -13.8 -3.9 -9.6 -15.9 -8.7 24.9 72.9 29.9 0.9 -31.5 -21.4 -13.7 -18.8 -47.0 -38.4 -31.9 -8.7 -29.7 -6.5 -23.2 -12.2 -14.9 -31.5 -26.3 -26.3 -178.4 -204.8 iShares MSCI Singapore Index
30 iShares MSCI Belgium Investable Mkt Idx EWK 0 11 0.1 7.6 0.3 1.8 -9.3 -11.6 -13.4 -3.8 -11.1 -24.0 -7.5 15.0 84.6 26.4 0.7 -36.3 -22.4 -17.9 -21.1 -45.5 -44.3 -47.9 -7.5 -36.8 3.6 -40.4 -11.0 -18.4 -36.3 -33.2 -33.2 -220.9 -254.1 iShares MSCI Belgium Investable Mkt Idx
31 iShares MSCI France Index EWQ 0 15 -1.6 6.6 -1.2 5.5 -17.3 -11.3 -14.4 -4.5 -9.0 -25.5 -6.3 5.5 93.3 31.8 0.3 -36.8 -22.5 -15.0 -16.1 -53.6 -36.2 -51.0 -6.3 -29.9 14.8 -44.7 -12.7 -14.9 -36.8 -31.2 -31.2 -179.2 -210.4 iShares MSCI France Index
32 iShares MSCI Turkey Invest Mkt Index TUR 0 44 2.7 0.0 6.4 6.4 0.0 -17.0 -30.1 -4.9 -8.0 -24.7 -30.5 24.4 50.3 36.4 0.8 -42.6 -22.6 -15.2 -30.2 -58.4 -31.8 -49.4 -30.5 -1.3 17.6 -18.9 -6.6 -0.6 -42.6 -37.3 -37.3 -7.7 -44.9 iShares MSCI Turkey Invest Mkt Index
33 iShares MSCI Italy Index EWI 0 19 -0.1 9.3 1.4 8.2 -19.2 -13.7 -20.3 -5.6 -6.3 -30.0 -13.1 -3.3 90.7 35.8 0.1 -41.3 -23.0 -15.0 -16.5 -66.7 -25.3 -60.0 -13.1 -12.2 34.7 -46.9 -12.6 -6.1 -41.3 -32.8 -32.8 -73.0 -105.8 iShares MSCI Italy Index
34 iShares MSCI Switzerland Index EWL 0 32 -4.8 -1.5 -5.7 1.4 -13.4 -8.3 -9.0 -4.9 -9.4 -19.5 0.5 12.4 84.7 24.2 0.6 -33.6 -23.9 -18.0 -21.3 -58.2 -37.4 -39.1 0.5 -37.9 1.6 -39.5 -17.4 -19.0 -33.6 -25.3 -25.3 -227.5 -252.8 iShares MSCI Switzerland Index
35 iShares MSCI Taiwan Index EWT 0 33 -4.5 -5.6 -2.5 4.5 -14.2 -11.8 -20.9 -4.6 -10.1 -21.6 -10.7 21.1 61.2 31.4 0.8 -37.4 -23.9 -15.5 -25.3 -55.2 -40.5 -43.3 -10.7 -29.8 2.8 -32.6 -13.1 -14.9 -37.4 -31.5 -31.5 -178.7 -210.2 iShares MSCI Taiwan Index
36 Idx: MSCI Philippines USD - 0 4 -3.0 7.6 -1.9 -1.6 -16.2 -3.5 -6.5 -6.2 -6.4 -3.3 1.9 24.5 0.0 25.0 1.0 -26.1 -25.0 -13.6 0.0 -74.4 -25.4 -6.7 1.9 -27.4 -18.8 -8.6 -24.8 -13.7 -26.1 -10.1 -10.1 -164.2 -174.3 Idx: MSCI Philippines USD
37 iShares MSCI Brazil Index EWZ 0 12 -6.9 -2.2 -1.8 1.7 -25.3 -13.2 -22.6 -5.4 -9.9 -20.4 -17.3 24.3 65.3 32.9 0.8 -40.5 -26.0 -16.0 -24.5 -64.4 -39.6 -40.7 -17.3 -22.3 1.1 -23.4 -14.0 -11.1 -40.5 -32.5 -32.5 -133.7 -166.3 iShares MSCI Brazil Index
38 Idx: MSCI Argentina USD - 0 1 -0.3 -3.7 -0.9 7.7 -4.3 -22.3 -40.3 -2.5 -20.3 -29.0 -37.4 17.0 0.0 31.8 0.7 -51.5 -27.7 -21.0 0.0 -29.6 -81.0 -57.9 -37.4 -43.6 -23.1 -20.5 0.0 -21.8 -51.5 -58.8 -58.8 -261.8 -320.6 Idx: MSCI Argentina USD
39 iShares MSCI Spain Index EWP 0 30 -0.6 13.7 -0.9 0.5 -15.7 -9.4 -8.7 -6.7 -8.5 -22.4 0.0 4.3 81.6 35.8 0.3 -39.7 -28.5 -14.4 -17.6 -80.0 -33.8 -44.8 0.0 -33.9 10.9 -44.8 -22.9 -16.9 -39.7 -26.2 -26.2 -203.2 -229.4 iShares MSCI Spain Index
40 iShares MSCI Chile Investable Mkt Idx ECH 0 22 -9.5 -6.2 -4.0 -3.3 -24.6 -16.1 -25.1 -6.4 -13.0 -22.6 -22.2 27.7 27.5 26.3 1.1 -49.1 -32.3 -24.2 -88.0 -77.2 -51.9 -45.2 -22.2 -29.7 -6.7 -23.0 -17.2 -14.8 -49.1 -39.8 -39.8 -178.0 -217.8 iShares MSCI Chile Investable Mkt Idx
41 iShares MSCI Israel Cap Invest Mkt Index EIS 0 42 -5.3 0.0 -3.5 6.3 0.0 -17.0 -30.8 -7.9 -9.9 -26.7 -23.4 12.9 61.1 24.5 0.6 -52.7 -33.5 -28.0 -45.8 -94.2 -39.6 -53.5 -23.4 -16.2 13.9 -30.1 -19.8 -8.1 -52.7 -38.8 -38.8 -97.0 -135.8 iShares MSCI Israel Cap Invest Mkt Index
42 Idx: MSCI Portugal ID - 0 5 -3.4 5.1 -3.8 -2.2 -12.5 -17.6 -21.7 -8.7 -16.8 -27.8 -17.1 -0.4 0.0 25.9 0.1 -61.2 -43.0 -30.7 0.0 -104.8 -67.4 -55.7 -17.1 -50.3 -11.7 -38.6 -27.5 -25.2 -61.2 -46.7 -46.7 -301.8 -348.5 Idx: MSCI Portugal ID
43 iShares MSCI Austria Investable Mkt Idx EWO 0 10 -3.4 1.1 -3.5 3.3 -14.2 -21.5 -32.8 -7.8 -21.1 -35.6 -21.5 10.5 82.8 36.9 0.5 -67.5 -44.3 -23.8 -28.8 -93.1 -84.2 -71.1 -21.5 -62.7 -13.1 -49.7 -22.8 -31.4 -67.5 -58.9 -58.9 -376.4 -435.4 iShares MSCI Austria Investable Mkt Idx
44 iPath MSCI India Index ETN INP 0 8 -9.4 -5.6 -6.5 -1.8 -23.5 -19.5 -32.9 -12.7 -13.9 -23.5 -28.1 22.4 53.6 38.1 0.7 -70.7 -52.0 -24.2 -45.1 -152.3 -55.7 -47.0 -28.1 -27.6 -8.7 -18.9 -38.1 -13.8 -70.7 -43.6 -43.6 -165.7 -209.3 iPath MSCI India Index ETN
45 0 0.0 0 45 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
46 0 0.0 2 46 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
47 0 0.0 2 47 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
Average Top 10 APA >> -2.45     (10.6)       (13.1) Average Average        (20.4)      (107.8)      (128.2)
(1) "Not Valid Flag" means that there is insufficient data to generate the 6-Mo Return, which in turn means that all subsequent Average Top 30 APA >>           (17.6)
Commodity and Currency Asset Class Performance and Momentum 1 2 3 4   12.0x   <---Slope weighting
REPORT FOR MONTH= 12 2011 See "Help" page on www.copstrat.com for understanding and using this report. Annualized    Category Scores Annualized Period Return Period Differentials Period Slopes N/Period Averages #DIV/0! #DIV/0!   <---Implied Relative Weighting
Asset Category Ticker Not Valid(1) Flg Cat # da/dt d12/dt d6/dt d3/dt d1/dt Period Avg. Tot Ret YTD Tot Ret 1-Mo Tot Ret  3-Mo Tot Ret 6 Mo Tot Ret 12 Mo Tot Ret Anlzd 3 Yr Std Dev 3 Yr Sharpe Ratio ML MS APA*13/StD     S-Shrp 1 3 6 12 3-12 3-6 6-12 1 --> 12 3 --> 12 1 --> 12 3 --> 12 Avg Rtrn 3, 6, & 12 Months Wtd Slpe 3, 6, & 12 Months 3-->12 Return Avg + Slope Asset Category
1 iPath DJ-UBS Grains TR Sub-Idx ETN JJG 0 32 13.75 (6.36) 19.36 28.92 13.06 (1.57) (15.18) 6.28 5.19 (2.55) (15.18) 2.63 31.76 0.24 19.0 24.0 7.8 75.4 20.8 (5.1) (15.2) 35.9 25.9 10.1 29.7 18.0 19.0 0.2 0.2 215.6 215.8 iPath DJ-UBS Grains TR Sub-Idx ETN
2 iPath DJ-UBS Nickel TR Sub-Idx ETN JJN 0 27 11.23 (3.55) 4.49 27.89 16.10 (9.39) (27.20) 5.92 6.21 (22.50) (27.20) 14.05 38.18 0.53 5.9 24.0 2.0 71.0 24.8 (45.0) (27.2) 52.0 69.8 (17.8) 36.5 26.0 5.9 (15.8) (15.8) 312.2 296.5 iPath DJ-UBS Nickel TR Sub-Idx ETN
3 PowerShares DB Oil DBO 0 12 0.26 (10.22) 5.96 14.67 (9.37) 6.04 1.24 (0.45) 24.00 (0.63) 1.24 13.97 28.32 0.59 22.6 22.7 10.4 (5.4) 96.0 (1.3) 1.2 94.8 97.3 (2.5) 7.7 47.4 22.6 32.0 32.0 568.6 600.6 PowerShares DB Oil
4 iPath S&P GSCI Crude Oil TR Index ETN OIL 0 20 (0.03) (10.07) 7.14 13.47 (10.66) 6.40 (1.91) (1.76) 26.61 2.66 (1.91) 2.58 33.11 0.23 22.2 21.3 8.7 (21.1) 106.4 5.3 (1.9) 108.4 101.1 7.2 4.3 54.2 22.2 36.6 36.6 650.1 686.7 iPath S&P GSCI Crude Oil TR Index ETN
5 United States Oil USO 0 6 (0.23) (9.88) 6.58 12.62 (10.24) 5.83 (2.28) (1.73) 24.99 2.33 (2.28) 4.81 30.38 0.30 20.4 19.8 8.7 (20.8) 100.0 4.7 (2.3) 102.2 95.3 6.9 4.0 51.1 20.4 34.1 34.1 613.4 647.6 United States Oil
6 iPath DJ-UBS Agriculture TR Sub-Idx ETN JJA 0 39 9.30 (9.67) 12.93 24.29 9.66 (3.79) (15.30) 3.81 2.69 (6.38) (15.30) 9.88 26.83 0.48 7.1 14.1 3.4 45.7 10.8 (12.8) (15.3) 26.1 23.5 2.5 20.7 13.0 7.1 (5.8) (5.8) 156.4 150.6 iPath DJ-UBS Agriculture TR Sub-Idx ETN
7 WisdomTree Dreyfus South African Rand SZR 0 1 5.68 (4.39) 2.04 16.38 8.70 (6.29) (15.07) 3.29 1.02 (14.41) (15.07) 11.14 17.92 0.85 (0.1) 10.9 (1.2) 39.5 4.1 (28.8) (15.1) 19.2 32.9 (13.7) 19.7 9.6 (0.1) (13.3) (13.3) 114.9 101.6 WisdomTree Dreyfus South African Rand
8 iPath S&P GSCI Total Return Index ETN GSP 0 19 1.05 (10.53) 4.70 13.06 (3.04) 1.33 (1.40) (1.46) 10.84 (2.65) (1.40) 7.18 23.50 0.40 4.8 6.5 2.6 (17.5) 43.4 (5.3) (1.4) 44.8 48.7 (3.9) 0.0 22.4 4.8 12.2 12.2 268.6 280.8 iPath S&P GSCI Total Return Index ETN
9 PowerShares DB US Dollar Index Bullish UUP 0 9 0.80 5.07 2.51 (3.96) (0.41) 1.86 (1.06) 1.86 0.74 5.89 (1.06) (3.09) 10.65 (0.25) 9.0 6.3 11.0 22.3 3.0 11.8 (1.1) 4.0 (8.8) 12.8 6.1 2.0 9.0 4.6 4.6 24.1 28.7 PowerShares DB US Dollar Index Bullish
10 CurrencyShares Australian Dollar Trust FXA 0 47 0.79 (7.52) (0.93) 9.62 1.98 1.97 4.02 (0.17) 6.74 (2.71) 4.02 16.47 16.89 0.98 5.9 6.2 4.5 (2.0) 27.0 (5.4) 4.0 22.9 32.4 (9.4) 1.4 11.5 5.9 8.5 8.5 137.6 146.2 CurrencyShares Australian Dollar Trust
11 CurrencyShares Canadian Dollar Trust FXC 0 45 1.67 (2.52) (0.23) 6.94 2.50 (0.97) (1.78) 0.19 2.94 (5.23) (1.78) 5.91 12.04 0.53 0.4 3.5 0.5 2.3 11.8 (10.5) (1.8) 13.5 22.2 (8.7) 3.4 6.8 0.4 (0.2) (0.2) 81.2 81.1 CurrencyShares Canadian Dollar Trust
12 WisdomTree Dreyfus Chinese Yuan CYB 0 4 0.83 (0.66) 0.76 2.64 0.56 1.27 1.47 0.52 1.83 1.27 1.47 1.29 3.12 0.39 4.4 3.4 18.3 6.2 7.3 2.5 1.5 5.9 4.8 1.1 1.9 2.9 4.4 3.8 3.8 35.1 38.9 WisdomTree Dreyfus Chinese Yuan
13 CurrencyShares Japanese Yen Trust FXY 0 43 (0.35) (2.38) (0.49) 1.49 (0.01) 2.58 5.08 0.75 0.10 4.40 5.08 5.23 10.21 0.54 5.8 2.4 7.4 9.0 0.4 8.8 5.1 (4.7) (8.4) 3.7 0.3 (2.3) 5.8 4.8 4.8 (28.1) (23.3) CurrencyShares Japanese Yen Trust
14 iShares S&P GSCI Commodity-Indexed Trust GSG 0 18 (0.05) (11.37) 3.52 11.55 (3.90) 0.06 (3.28) (2.40) 9.24 (3.31) (3.28) 4.85 23.30 0.31 (0.4) 2.0 (0.2) (28.8) 37.0 (6.6) (3.3) 40.2 43.6 (3.3) (3.3) 20.1 (0.4) 9.0 9.0 241.4 250.5 iShares S&P GSCI Commodity-Indexed Trust
15 Merk Asian Currency Inv MEAFX 0 17 1.42 (1.65) 0.22 4.82 2.30 (1.12) (2.15) 0.32 0.64 (3.28) (2.15) 0.41 4.42 0.09 (0.6) 1.6 (1.7) 3.8 2.6 (6.6) (2.2) 4.7 9.1 (4.4) 2.7 2.4 (0.6) (2.1) (2.1) 28.3 26.2 Merk Asian Currency Inv
16 0.00 ### 0 2 (3.07) 0.00 (12.28) 0.00 0.00 (2.00) 0.00 0.00 0.00 (8.00) 0.00 0.00 0.00 0.00 (4.0) 0.0 0.0 0.0 0.0 (16.0) 0.0 0.0 16.0 (16.0) 1.6 0.0 (4.0) (5.3) (5.3) 0.0 (5.3) 0
17 iPath DJ-UBS Copper TR Sub-Idx ETN JJC 0 35 0.49 (16.33) (4.72) 25.36 (2.34) (10.42) (25.48) (4.26) 9.53 (21.47) (25.48) 30.96 30.73 1.04 (20.4) (3.3) (8.6) (51.1) 38.1 (42.9) (25.5) 63.6 81.1 (17.5) 0.4 31.8 (20.4) (10.1) (10.1) 381.6 371.5 iPath DJ-UBS Copper TR Sub-Idx ETN
18 CurrencyShares British Pound Sterling Tr FXB 0 46 1.00 (1.72) 1.40 2.97 1.37 (1.46) (1.07) (1.04) (0.41) (3.32) (1.07) 1.86 10.26 0.22 (5.5) (3.5) (6.9) (12.5) (1.6) (6.6) (1.1) (0.6) 5.0 (5.6) (2.9) (0.3) (5.5) (3.1) (3.1) (3.4) (6.5) CurrencyShares British Pound Sterling Tr
19 PowerShares DB Agriculture DBA 0 15 2.17 (10.39) 2.41 12.36 4.29 (5.69) (10.73) (0.38) (2.65) (9.02) (10.73) 3.30 18.13 0.26 (11.0) (3.8) (7.9) (4.6) (10.6) (18.0) (10.7) 0.1 7.4 (7.3) 2.6 0.1 (11.0) (13.1) (13.1) 0.8 (12.3) PowerShares DB Agriculture
20 WisdomTree Dreyfus Brazilian Real BZF 0 5 1.38 (6.19) (3.71) 14.05 1.39 (4.43) (4.93) (2.51) 3.36 (13.65) (4.93) 12.73 17.65 0.76 (12.2) (4.2) (9.0) (30.1) 13.4 (27.3) (4.9) 18.4 40.7 (22.4) (3.5) 9.2 (12.2) (6.3) (6.3) 110.2 104.0 WisdomTree Dreyfus Brazilian Real
21 CurrencyShares Russian Ruble Trust FXRU 0 48 0.85 (4.62) (3.34) 10.70 0.65 (3.78) (2.82) (2.24) 2.11 (12.18) (2.82) (0.52) 0.00 0.00 (11.4) (4.6) 0.0 (26.9) 8.4 (24.4) (2.8) 11.3 32.8 (21.5) (3.9) 5.6 (11.4) (6.2) (6.2) 67.6 61.3 CurrencyShares Russian Ruble Trust
22 WisdomTree Dreyfus Emerging Currency CEW 2 49 0.64 (4.87) (1.99) 8.15 1.27 (5.04) (7.99) (1.67) 0.37 (10.88) (7.99) 0.00 0.00 0.00 (12.1) (4.6) 0.0 (20.0) 1.5 (21.8) (8.0) 9.5 23.2 (13.8) (1.3) 4.7 (12.1) (9.4) (9.4) 56.8 47.4 WisdomTree Dreyfus Emerging Currency
23 CurrencyShares Swedish Krona Trust FXS 0 41 0.58 (6.53) 0.62 5.96 2.28 (2.75) (1.77) (1.53) (0.17) (7.55) (1.77) 4.82 16.20 0.36 (9.0) (4.8) (7.2) (18.4) (0.7) (15.1) (1.8) 1.1 14.4 (13.3) (3.5) 0.5 (9.0) (5.8) (5.8) 6.5 0.7 CurrencyShares Swedish Krona Trust
24 CurrencyShares Mexican Peso Trust FXM 0 42 1.64 (2.07) (0.72) 8.99 0.36 (6.45) (8.76) (1.97) (0.03) (15.03) (8.76) 2.55 12.17 0.26 (15.6) (5.9) (16.7) (23.6) (0.1) (30.1) (8.8) 8.6 29.9 (21.3) (1.5) 4.3 (15.6) (13.0) (13.0) 51.8 38.9 CurrencyShares Mexican Peso Trust
25 Merk Hard Currency Inv MERKX 0 16 (0.72) (6.63) (1.89) 5.52 0.12 (2.27) (0.77) (2.18) (0.15) (5.99) (0.77) 5.73 11.48 0.53 (9.9) (6.7) (11.2) (26.2) (0.6) (12.0) (0.8) 0.2 11.4 (11.2) (6.5) 0.1 (9.9) (4.5) (4.5) 1.0 (3.4) Merk Hard Currency Inv
26 PowerShares DB US Dollar Index Bearish UDN 0 10 (0.76) (5.26) (2.24) 4.05 0.42 (2.68) (0.92) (2.04) (1.14) (6.64) (0.92) 0.86 10.47 0.12 (10.8) (7.3) (13.4) (24.5) (4.6) (13.3) (0.9) (3.6) 8.7 (12.4) (6.2) (1.8) (10.8) (6.3) (6.3) (21.8) (28.1) PowerShares DB US Dollar Index Bearish
27 iPath DJ-UBS Cotton TR Sub-Idx ETN BAL 0 34 2.51 (17.89) 11.47 5.37 11.08 (13.75) (22.71) (0.07) (8.21) (24.00) (22.71) 24.94 37.54 0.77 (26.1) (8.4) (9.0) (0.8) (32.8) (48.0) (22.7) (10.1) 15.2 (25.3) 8.1 (5.1) (26.1) (34.5) (34.5) (60.8) (95.3) iPath DJ-UBS Cotton TR Sub-Idx ETN
28 iPath DJ-UBS Commodity Index TR ETN DJP 0 21 0.03 (13.06) 2.32 12.56 (1.68) (6.76) (14.01) (3.67) 1.20 (10.56) (14.01) 6.28 19.36 0.40 (18.6) (9.8) (12.5) (44.0) 4.8 (21.1) (14.0) 18.8 25.9 (7.1) (6.4) 9.4 (18.6) (10.1) (10.1) 112.9 102.8 iPath DJ-UBS Commodity Index TR ETN
29 iPath DJ-UBS Softs TR Sub-Idx ETN JJS 0 24 (1.09) (18.43) (2.24) 12.97 3.34 (8.86) (14.49) (1.89) (4.79) (14.28) (14.49) 24.86 0.00 0.00 (21.2) (10.5) 0.0 (22.7) (19.2) (28.6) (14.5) (4.7) 9.4 (14.1) (1.5) (2.3) (21.2) (20.7) (20.7) (28.0) (48.8) iPath DJ-UBS Softs TR Sub-Idx ETN
30 iPath DJ-UBS Ind Metals TR Sub-Idx ETN JJM 0 29 (0.52) (14.31) (3.45) 17.76 (2.08) (12.70) (25.97) (4.80) 2.33 (22.34) (25.97) 15.48 27.78 0.66 (29.7) (12.1) (13.9) (57.6) 9.3 (44.7) (26.0) 35.3 54.0 (18.7) (4.1) 17.6 (29.7) (20.4) (20.4) 211.7 191.3 iPath DJ-UBS Ind Metals TR Sub-Idx ETN
31 CurrencyShares Swiss Franc Trust FXF 0 40 (1.26) (10.47) (3.89) 8.23 1.10 (4.56) (1.08) (2.82) (3.62) (10.72) (1.08) 3.78 14.53 0.32 (17.7) (12.1) (15.8) (33.8) (14.5) (21.4) (1.1) (13.4) 7.0 (20.4) (9.1) (6.7) (17.7) (12.3) (12.3) (80.4) (92.7) CurrencyShares Swiss Franc Trust
32 WisdomTree Dreyfus Indian Rupee ICN 0 3 0.11 (4.98) (3.01) 4.90 3.55 (8.62) (11.86) (2.27) (5.73) (14.60) (11.86) 0.86 10.22 0.12 (22.8) (12.5) (29.0) (27.2) (22.9) (29.2) (11.9) (11.1) 6.3 (17.3) (4.0) (5.5) (22.8) (21.3) (21.3) (66.4) (87.7) WisdomTree Dreyfus Indian Rupee
33 iPath DJ-UBS Sugar TR Sub-Idx ETN SGG 0 23 (4.84) (16.76) (18.68) 9.46 6.61 (7.32) (12.56) (1.68) (7.80) (7.24) (12.56) 26.32 46.12 0.73 (19.6) (12.8) (5.5) (20.2) (31.2) (14.5) (12.6) (18.6) (16.7) (1.9) (4.0) (9.3) (19.6) (19.4) (19.4) (111.8) (131.3) iPath DJ-UBS Sugar TR Sub-Idx ETN
34 CurrencyShares Euro Trust FXE 0 44 (2.13) (6.65) (4.15) 3.06 (0.78) (5.14) (2.92) (3.67) (3.35) (10.64) (2.92) (2.50) 13.58 (0.13) (20.4) (14.4) (19.5) (44.0) (13.4) (21.3) (2.9) (10.5) 7.9 (18.4) (11.5) (5.2) (20.4) (12.5) (12.5) (62.9) (75.4) CurrencyShares Euro Trust
35 iPath DJ-UBS Coffee TR Sub-Idx ETN JO 0 36 (3.73) (21.90) (3.11) 17.51 (7.44) (8.91) (11.73) (4.59) (1.76) (17.57) (11.73) 18.76 32.70 0.68 (27.2) (15.5) (10.8) (55.1) (7.0) (35.1) (11.7) 4.7 28.1 (23.4) (10.2) 2.3 (27.2) (18.0) (18.0) 28.1 10.2 iPath DJ-UBS Coffee TR Sub-Idx ETN
36 iPath DJ-UBS Lead TR Sub-Idx ETN LD 0 31 (3.30) (17.91) (9.35) 20.37 (6.31) (14.27) (24.51) (5.38) 0.39 (27.60) (24.51) 21.66 35.47 0.73 (35.7) (15.8) (13.1) (64.6) 1.6 (55.2) (24.5) 26.1 56.8 (30.7) (6.3) 13.0 (35.7) (26.0) (26.0) 156.4 130.4 iPath DJ-UBS Lead TR Sub-Idx ETN
37 iPath DJ-UBS Livestock TR Sub-Idx ETN COW 0 30 (9.39) (7.89) (9.45) (13.04) (7.18) (2.65) (3.22) (4.55) (4.55) 1.71 (3.22) (3.86) 13.65 (0.23) (18.1) (18.2) (17.3) (54.6) (18.2) 3.4 (3.2) (15.0) (21.6) 6.6 (17.6) (7.5) (18.1) (6.0) (6.0) (89.9) (95.9) iPath DJ-UBS Livestock TR Sub-Idx ETN
38 PowerShares DB Base Metals DBB 0 14 (3.29) (16.67) (5.11) 14.57 (5.96) (12.91) (23.66) (6.61) 0.54 (21.90) (23.66) 16.12 26.73 0.69 (36.2) (19.3) (17.6) (79.3) 2.2 (43.8) (23.7) 25.8 46.0 (20.1) (12.1) 12.9 (36.2) (21.8) (21.8) 154.9 133.2 PowerShares DB Base Metals
39 iPath DJ-UBS Energy TR Sub-Idx ETN JJE 0 33 (4.76) (14.06) (0.92) 4.43 (8.50) (9.57) (17.51) (7.67) 2.03 (15.11) (17.51) (11.37) 26.02 (0.47) (32.9) (21.0) (16.4) (92.0) 8.1 (30.2) (17.5) 25.6 38.3 (12.7) (18.5) 12.8 (32.9) (13.2) (13.2) 153.8 140.6 iPath DJ-UBS Energy TR Sub-Idx ETN
40 iPath DJ-UBS Aluminum TR Sub-Idx ETN JJU 0 38 (1.75) (11.98) (0.75) 7.81 (2.09) (14.93) (23.57) (6.02) (7.16) (22.99) (23.57) 1.92 25.65 0.19 (42.6) (25.2) (21.6) (72.2) (28.6) (46.0) (23.6) (5.1) 17.3 (22.4) (12.9) (2.5) (42.6) (32.7) (32.7) (30.4) (63.1) iPath DJ-UBS Aluminum TR Sub-Idx ETN
41 iPath DJ-UBS Tin TR Sub-Idx ETN JJT 0 22 (1.47) (13.78) (1.13) 9.94 (0.90) (18.09) (31.02) (7.28) (5.94) (28.12) (31.02) 22.09 32.15 0.78 (49.6) (27.8) (20.1) (87.4) (23.8) (56.2) (31.0) 7.3 32.5 (25.2) (13.7) 3.6 (49.6) (37.0) (37.0) 43.6 6.6 iPath DJ-UBS Tin TR Sub-Idx ETN
42 SPDR Gold Shares GLD 0 8 (9.39) (16.06) (9.60) 0.43 (12.33) (0.21) 9.57 (10.66) (3.84) 4.10 9.57 20.65 20.05 1.04 (31.4) (35.8) (20.3) (127.9) (15.4) 8.2 9.6 (24.9) (23.6) (1.4) (43.6) (12.5) (31.4) 0.8 0.8 (149.6) (148.8) SPDR Gold Shares
43 PowerShares DB Gold DGL 0 13 (9.39) (15.94) (9.64) 0.26 (12.25) (0.69) 8.55 (10.75) (4.19) 3.64 8.55 19.21 20.08 0.97 (32.5) (36.4) (21.0) (129.0) (16.8) 7.3 8.6 (25.3) (24.0) (1.3) (43.7) (12.7) (32.5) (0.3) (0.3) (151.9) (152.2) PowerShares DB Gold
44 iPath DJ-UBS Prec Metals TR Sub-Idx ETN JJP 0 25 (9.18) (19.91) (8.54) 4.04 (12.30) (4.10) 3.28 (12.10) (4.71) (2.86) 3.28 23.47 0.00 0.00 (41.6) (41.0) 0.0 (145.2) (18.8) (5.7) 3.3 (22.1) (13.1) (9.0) (45.9) (11.1) (41.6) (7.1) (7.1) (132.7) (139.8) iPath DJ-UBS Prec Metals TR Sub-Idx ETN
45 iPath DJ-UBS Platinum TR Sub-Idx ETN PGM 0 26 (5.21) (15.65) (4.51) 7.58 (8.26) (15.96) (23.48) (11.23) (8.84) (20.30) (23.48) 11.15 26.50 0.52 (58.5) (42.5) (28.7) (134.8) (35.4) (40.6) (23.5) (11.9) 5.2 (17.1) (32.9) (5.9) (58.5) (33.1) (33.1) (71.3) (104.4) iPath DJ-UBS Platinum TR Sub-Idx ETN
46 iPath DJ-UBS Cocoa TR Sub-Idx ETN NIB 0 37 (1.75) (11.45) (9.76) 7.62 6.60 (24.56) (33.42) (8.96) (20.51) (35.34) (33.42) (11.55) 31.71 (0.23) (73.4) (47.4) (30.1) (107.5) (82.0) (70.7) (33.4) (48.6) (11.4) (37.3) (23.4) (24.3) (73.4) (62.0) (62.0) (291.7) (353.8) iPath DJ-UBS Cocoa TR Sub-Idx ETN
47 PowerShares DB Silver DBS 0 11 (7.90) (27.48) (6.00) 14.08 (12.22) (14.12) (11.96) (16.38) (7.09) (21.06) (11.96) 32.87 43.40 0.87 (69.8) (56.2) (20.9) (196.6) (28.4) (42.1) (12.0) (16.4) 13.8 (30.2) (54.0) (8.2) (69.8) (27.5) (27.5) (98.4) (125.9) PowerShares DB Silver
48 United States Natural Gas UNG 0 7 (8.21) (14.17) (8.13) (5.27) (5.27) (33.41) (46.09) (17.92) (28.26) (41.38) (46.09) (48.15) 32.14 (1.83) (114.2) (82.0) (46.2) (215.0) (113.0) (82.8) (46.1) (67.0) (30.3) (36.7) (53.7) (33.5) (114.2) (80.6) (80.6) (401.7) (482.3) United States Natural Gas
49 iPath DJ-UBS Natural Gas TR Sub-Idx ETN GAZ 0 28 (7.23) (10.97) (7.63) (4.22) (6.10) (38.96) (53.17) (19.98) (33.16) (49.54) (53.17) (49.48) 33.50 (1.81) (131.2) (93.1) (50.9) (239.8) (132.6) (99.1) (53.2) (79.5) (33.6) (45.9) (59.3) (39.7) (131.2) (95.0) (95.0) (476.8) (571.8) iPath DJ-UBS Natural Gas TR Sub-Idx ETN
50 0.00 ### 2 50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0