Major 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. 6.1 Annualized    Category Scores Annualized Period Return Period Differentials Period Slopes N/Period Averages 14% 86%   <---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: Long Government 23 0 (0.03) 4.63 (2.11) (8.29) 5.66 14.06 27.97 1.91 9.16 22.40 22.77 9.53 59.35 17.80 4.01 0.68 31.8 14.9 23.2 39.1 22.9 36.6 44.8 22.8 13.9 (8.2) 22.0 (0.8) 6.9 31.8 34.7 34.7 83.2 118.0 Cat: Long Government 23
2 DIAMONDS Trust, Series 1 49 0 (0.01) 1.73 2.16 4.94 (8.85) 3.22 6.01 0.71 4.03 (3.62) 11.74 13.80 96.87 17.65 0.91 0.82 7.3 6.2 5.4 5.5 8.5 16.1 (7.2) 11.7 4.4 23.4 (19.0) 1.4 2.2 7.3 6.9 6.9 26.3 33.2 DIAMONDS Trust, Series 1 49
3 Cat: Ultrashort Bond 45 0 (0.41) 2.69 (0.11) 1.71 (5.94) 3.65 8.50 0.21 2.51 (1.11) 13.00 12.01 68.11 14.20 0.62 0.86 5.8 3.1 5.3 7.8 2.5 10.0 (2.2) 13.0 (3.0) 12.3 (15.2) (1.9) (1.5) 5.8 6.9 6.9 (17.8) (10.8) Cat: Ultrashort Bond 45
4 Cat: Inflation-Protected Bound 15 0 0.21 2.14 0.13 0.10 (1.55) 4.27 10.84 0.31 1.69 5.78 9.32 11.43 46.77 6.43 1.30 1.70 7.8 2.6 15.8 33.9 3.7 6.8 11.6 9.3 (2.6) (4.8) 2.2 (2.2) (1.3) 7.8 9.2 9.2 (15.4) (6.1) Cat: Inflation-Protected Bound 15
5 iPath S&P GSCI Total Return Index ETN 53 0 0.46 (0.74) 8.10 3.64 (9.16) 0.28 0.06 1.58 (2.22) (7.35) 9.13 3.05 83.21 24.68 1.19 0.24 1.1 2.5 0.6 0.7 19.0 (8.9) (14.7) 9.1 (18.0) 5.8 (23.8) 3.5 (9.0) 1.1 (4.8) (4.8) (108.1) (112.9) iPath S&P GSCI Total Return Index ETN 53
6 Cat: Small Value 36 0 (1.82) (2.97) 1.68 8.76 (14.74) (1.72) (5.40) 0.02 2.23 (11.25) 2.12 18.63 86.72 25.94 1.27 0.79 (2.8) 2.3 (1.4) (1.6) 0.2 8.9 (22.5) 2.1 6.8 31.4 (24.6) 2.6 3.4 (2.8) (3.8) (3.8) 40.8 37.0 Cat: Small Value 36
7 Cat: Specialty-Health 39 0 0.38 2.54 (1.50) 6.51 (6.05) 0.76 5.60 0.32 1.00 (9.90) 11.63 15.41 62.26 17.39 0.72 0.91 (0.1) 2.0 (0.1) (0.1) 3.8 4.0 (19.8) 11.6 (7.6) 23.8 (31.4) 0.0 (3.8) (0.1) (1.4) (1.4) (45.8) (47.2) Cat: Specialty-Health 39
8 SPDRs 51 0 (1.44) (0.44) 0.67 5.26 (11.27) 0.86 0.77 (0.41) 2.78 (6.43) 7.50 13.91 100.00 18.90 0.99 0.78 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 SPDRs 51
9 Cat: Intermediate Government 16 0 (0.24) 0.66 (0.92) (1.26) 0.56 2.23 5.97 0.30 0.62 3.25 4.76 6.34 67.82 3.16 0.78 2.06 4.3 1.5 17.8 26.3 3.6 2.5 6.5 4.8 (2.3) (4.0) 1.7 (0.7) (1.1) 4.3 4.6 4.6 (13.7) (9.1) Cat: Intermediate Government 16
10 Cat: High Yield Muni 14 0 0.23 3.68 (2.42) (0.56) 0.20 2.99 8.02 (0.05) 1.57 4.93 5.49 10.73 45.71 9.63 1.38 1.17 5.3 1.4 7.1 15.5 (0.6) 6.3 9.9 5.5 0.8 (3.6) 4.4 (2.2) 0.4 5.3 7.2 7.2 4.7 12.0 Cat: High Yield Muni 14
11 Cat: Small Blend 34 0 (2.21) (3.57) 1.54 8.72 (15.52) (1.80) (4.38) (0.24) 1.87 (11.87) 3.03 18.72 86.70 25.20 1.24 0.81 (4.0) 1.2 (2.1) (2.4) (2.9) 7.5 (23.7) 3.0 4.5 31.2 (26.8) 1.3 2.2 (4.0) (4.4) (4.4) 26.7 22.3 Cat: Small Blend 34
12 SPDR Gold Shares 52 0 (2.72) (0.55) 3.87 (9.99) (4.20) 9.18 22.64 1.67 (4.27) 13.70 25.63 28.50 18.56 18.95 0.42 1.42 14.0 0.7 9.6 51.7 20.0 (17.1) 27.4 25.6 (42.7) (44.5) 1.8 (6.1) (21.4) 14.0 12.0 12.0 (256.3) (244.3) SPDR Gold Shares 52
13 Cat: Small Growth 35 0 (2.40) (4.72) 1.25 8.98 (15.10) (1.83) (2.93) (0.39) 1.77 (12.81) 4.12 20.61 82.91 23.56 1.13 0.91 (4.8) 0.6 (2.6) (3.2) (4.7) 7.1 (25.6) 4.1 3.0 32.7 (29.7) 0.6 1.5 (4.8) (4.8) (4.8) 17.8 13.0 Cat: Small Growth 35
14 Cat: Large Value 21 0 (1.32) 0.00 0.68 5.68 (11.64) (0.63) (2.03) (0.49) 1.93 (9.04) 5.07 12.19 95.38 19.93 1.03 0.68 (2.8) 0.5 (1.8) (1.9) (5.9) 7.7 (18.1) 5.1 2.7 25.8 (23.1) (0.7) 1.3 (2.8) (1.8) (1.8) 15.9 14.1 Cat: Large Value 21
15 Cat: Mid-Cap Value 28 0 (1.71) (1.73) 0.58 7.47 (13.17) (2.01) (4.29) (0.41) 1.43 (11.68) 2.61 18.22 91.40 22.41 1.13 0.87 (5.0) 0.2 (2.9) (3.2) (4.9) 5.7 (23.4) 2.6 3.1 29.1 (26.0) 0.6 1.6 (5.0) (5.0) (5.0) 18.7 13.6 Cat: Mid-Cap Value 28
16 Cat: Large Blend 19 0 (1.48) (0.59) 0.69 5.84 (11.85) (0.63) (1.69) (0.54) 1.79 (8.52) 4.74 13.88 95.84 19.65 1.01 0.75 (2.9) 0.2 (1.9) (2.0) (6.5) 7.2 (17.0) 4.7 2.4 24.2 (21.8) (0.9) 1.2 (2.9) (1.7) (1.7) 14.5 12.8 Cat: Large Blend 19
17 Cat: Short Government 32 0 (0.14) 0.26 (0.40) (0.41) (0.01) 0.59 1.91 0.03 0.03 0.80 1.48 3.03 59.58 1.69 0.38 1.80 0.9 0.1 6.8 11.5 0.4 0.1 1.6 1.5 (1.4) (1.5) 0.1 (0.5) (0.7) 0.9 1.1 1.1 (8.2) (7.1) Cat: Short Government 32
18 Cat: Mid-Cap Blend 26 0 (1.99) (2.52) 0.71 7.74 (13.88) (2.07) (3.61) (0.42) 1.18 (12.12) 3.09 19.09 88.70 22.21 1.10 0.90 (5.4) (0.1) (3.1) (3.5) (5.0) 4.7 (24.2) 3.1 1.6 29.0 (27.3) 0.5 0.8 (5.4) (5.5) (5.5) 9.8 4.3 Cat: Mid-Cap Blend 26
19 Cat: Specialty-Utilities 44 0 (0.11) (0.10) (0.16) 0.20 (0.38) (0.14) 0.14 (0.13) (0.10) (0.47) 0.12 2.87 8.04 1.63 0.01 1.73 (0.7) (0.5) (5.5) (68.9) (1.6) (0.4) (0.9) 0.1 (0.5) 0.5 (1.1) (0.5) (0.3) (0.7) (0.4) (0.4) (3.1) (3.5) Cat: Specialty-Utilities 44
20 Cat: Mid-Cap Growth 27 0 (2.47) (3.93) 0.72 7.12 (13.78) (1.65) (2.18) (0.62) 1.27 (10.96) 3.72 20.48 85.87 21.03 1.03 0.99 (5.1) (0.6) (3.2) (3.7) (7.4) 5.1 (21.9) 3.7 1.4 27.0 (25.6) (0.6) 0.7 (5.1) (4.4) (4.4) 8.2 3.8 Cat: Mid-Cap Growth 27
21 zCat: Micro Cap Growth 54 0 (2.28) (4.54) 1.26 10.89 (16.73) (3.44) (7.45) (0.69) 1.34 (14.42) 0.00 20.70 80.00 26.04 1.24 0.85 (7.9) (0.7) (4.0) (5.0) (8.3) 5.4 (28.8) 0.0 5.4 34.2 (28.8) 0.9 2.7 (7.9) (7.8) (7.8) 32.2 24.3 zCat: Micro Cap Growth 54
22 zCat: Micro Cap Value 55 0 (2.01) (3.87) 1.25 8.72 (14.14) (3.10) (8.34) (0.56) 0.44 (11.74) (0.52) 19.97 80.00 29.19 1.37 0.79 (7.2) (1.2) (3.2) (4.0) (6.7) 1.8 (23.5) (0.5) 2.3 25.2 (23.0) 0.7 1.1 (7.2) (7.4) (7.4) 13.7 6.3 zCat: Micro Cap Value 55
23 Cat: Short-Term Bond 33 0 (0.41) (0.02) (0.75) (0.02) (0.85) (0.02) 1.30 (0.34) (0.29) (0.45) 0.98 5.47 30.45 2.30 0.31 2.31 (1.3) (1.3) (7.3) (23.9) (4.1) (1.2) (0.9) 1.0 (2.1) (0.3) (1.9) (1.5) (1.1) (1.3) (0.4) (0.4) (12.8) (13.2) Cat: Short-Term Bond 33
24 Cat: Specialty-Communications 37 0 0.21 2.72 0.14 4.47 (6.49) (3.61) (5.41) 0.03 (1.72) (13.25) 0.49 17.75 68.34 21.61 0.91 0.86 (8.1) (1.6) (4.9) (7.2) 0.4 (6.9) (26.5) 0.5 (7.4) 19.6 (27.0) 1.9 (3.7) (8.1) (11.0) (11.0) (44.2) (55.2) Cat: Specialty-Communications 37
25 Cat: Large Growth 20 0 (2.29) (2.26) 0.21 5.74 (12.84) (0.97) (1.36) (1.06) 1.23 (8.10) 4.07 16.60 91.05 19.24 0.97 0.89 (5.0) (2.0) (3.4) (3.7) (12.7) 4.9 (16.2) 4.1 0.9 21.1 (20.3) (2.9) 0.4 (5.0) (2.4) (2.4) 5.1 2.7 Cat: Large Growth 20
26 Cat: Intermediate-Term Bond 17 0 (0.99) 0.08 (1.66) (0.96) (1.41) 1.06 4.60 (0.64) (0.05) 1.12 3.83 10.04 57.98 4.28 0.88 2.34 (0.5) (2.0) (1.4) (2.4) (7.7) (0.2) 2.2 3.8 (4.0) (2.4) (1.6) (3.7) (2.0) (0.5) 2.0 2.0 (24.2) (22.2) Cat: Intermediate-Term Bond 17
27 Cat: Moderate Allocation 29 0 (1.25) (0.35) (0.09) 3.39 (7.96) (0.74) (0.52) (0.83) 0.34 (6.09) 3.62 12.53 94.83 12.97 1.03 0.97 (4.3) (2.2) (4.3) (4.5) (10.0) 1.4 (12.2) 3.6 (2.3) 13.5 (15.8) (2.7) (1.1) (4.3) (2.4) (2.4) (13.6) (16.0) Cat: Moderate Allocation 29
28 Cat: Long-Term Bond 25 0 (0.34) 0.68 1.04 2.82 (5.89) (1.36) (3.21) (0.80) 0.02 (4.84) 0.18 7.20 58.39 12.03 0.47 0.54 (4.8) (2.4) (5.1) (8.8) (9.6) 0.1 (9.7) 0.2 (0.1) 9.8 (9.9) (2.0) (0.1) (4.8) (3.1) (3.1) (0.6) (3.7) Cat: Long-Term Bond 25
29 Cat: Conservative Allocation 2 0 (1.17) (0.15) (0.70) 1.58 (5.40) (0.33) 0.99 (0.86) (0.14) (3.58) 3.27 11.69 89.09 8.81 0.68 1.30 (3.7) (2.7) (5.4) (6.1) (10.3) (0.6) (7.2) 3.3 (3.8) 6.6 (10.4) (3.4) (1.9) (3.7) (1.5) (1.5) (23.0) (24.5) Cat: Conservative Allocation 2
30 Cat: Long-Short 24 0 (2.29) (0.62) (3.28) (2.30) (2.96) 2.52 8.71 (1.48) 0.97 2.90 7.70 14.73 48.82 9.96 1.87 1.58 (0.1) (3.5) (0.1) (0.3) (17.8) 3.9 5.8 7.7 (3.8) (1.9) (1.9) (7.8) (1.9) (0.1) 5.8 5.8 (22.9) (17.1) Cat: Long-Short 24
31 Cat: Specialty-Natural Res 40 0 (2.11) (3.24) 3.45 8.36 (17.01) (4.68) (9.62) (0.12) (3.40) (13.94) (1.25) 17.58 73.20 26.64 1.19 0.72 (11.0) (3.8) (5.4) (7.4) (1.4) (13.6) (27.9) (1.3) (12.4) 14.3 (26.6) 1.4 (6.2) (11.0) (14.2) (14.2) (74.1) (88.3) Cat: Specialty-Natural Res 40
32 Cat: Multisector Bond 30 0 (1.45) (0.20) (1.72) 0.58 (4.46) (0.48) 1.95 (1.45) (0.73) (2.55) 2.82 15.55 11.89 7.14 0.55 2.07 (5.6) (5.1) (10.3) (86.5) (17.4) (2.9) (5.1) 2.8 (5.7) 2.2 (7.9) (5.8) (2.9) (5.6) (1.7) (1.7) (34.4) (36.2) Cat: Multisector Bond 30
33 NASDAQ 100 Trust Shares 50 0 (3.71) (2.81) (1.47) 2.51 (13.07) 1.49 4.10 (2.69) 2.60 (3.00) 9.06 25.45 85.50 19.37 0.94 1.27 (4.7) (5.5) (3.2) (3.7) (32.3) 10.4 (6.0) 9.1 1.3 16.4 (15.1) (10.8) 0.7 (4.7) 4.5 4.5 8.0 12.5 NASDAQ 100 Trust Shares 50
34 Cat: Specialty-Precious Metals 41 0 (2.09) (2.95) 7.14 (5.34) (7.23) (3.63) (8.28) 0.79 (8.40) (3.17) (3.74) 35.34 17.98 35.31 64.60 1.04 (8.5) (6.0) (3.1) (17.5) 9.5 (33.6) (6.3) (3.7) (29.9) (27.3) (2.6) 1.2 (14.9) (8.5) (14.6) (14.6) (179.2) (193.7) Cat: Specialty-Precious Metals 41
35 Cat: Convertibles 3 0 (1.88) (2.43) (0.65) 4.16 (8.59) (3.79) (5.60) (1.79) (1.11) (10.91) (1.34) 17.49 78.70 13.37 0.97 1.32 (12.3) (6.5) (11.9) (15.2) (21.5) (4.4) (21.8) (1.3) (3.1) 17.4 (20.5) (4.3) (1.6) (12.3) (9.2) (9.2) (18.6) (27.8) Cat: Convertibles 3
36 Cat: High Yield Bond 13 0 (2.21) (1.13) (2.33) 2.28 (7.67) (1.11) 0.54 (2.14) (0.12) (4.69) 2.52 20.60 1.00 10.41 0.16 1.88 (8.3) (6.5) (10.3) (1031.2) (25.7) (0.5) (9.4) 2.5 (3.0) 8.9 (11.9) (7.6) (1.5) (8.3) (2.4) (2.4) (18.0) (20.4) Cat: High Yield Bond 13
37 Cat: World Allocation 46 0 (1.33) 0.12 (0.06) 2.36 (7.73) (2.86) (3.47) (1.33) (2.74) (7.90) 0.53 12.35 84.96 14.39 1.08 0.88 (10.5) (6.7) (9.5) (11.2) (16.0) (11.0) (15.8) 0.5 (11.5) 4.8 (16.3) (4.5) (5.7) (10.5) (8.7) (8.7) (68.9) (77.7) Cat: World Allocation 46
38 Cat: Specialty-Technology 43 0 (3.94) (3.84) (1.32) 4.85 (15.44) (3.35) (5.24) (3.08) 1.53 (11.77) (0.08) 24.40 79.21 21.69 1.01 1.11 (13.6) (7.7) (8.2) (10.3) (37.0) 6.1 (23.5) (0.1) 6.2 29.7 (23.5) (8.1) 3.1 (13.6) (5.8) (5.8) 37.2 31.4 Cat: Specialty-Technology 43
39 Cat: Bear-Market 1 0 1.99 0.50 (2.00) (3.51) 12.98 (6.16) (10.56) (0.53) (6.20) (0.75) (17.14) (28.95) 73.83 28.09 (1.19) (1.07) (12.5) (7.8) (5.8) (7.8) (6.4) (24.8) (1.5) (17.1) (7.7) (23.3) 15.6 0.9 (3.8) (12.5) (14.5) (14.5) (46.0) (60.4) Cat: Bear-Market 1
40 Cat: World Stock 48 0 (1.60) 0.32 0.02 5.17 (11.91) (4.44) (6.76) (1.75) (2.63) (12.77) (0.60) 14.71 88.52 21.14 0.87 0.76 (14.4) (7.9) (8.9) (10.0) (21.0) (10.5) (25.5) (0.6) (9.9) 15.0 (24.9) (4.6) (5.0) (14.4) (12.2) (12.2) (59.5) (71.7) Cat: World Stock 48
41 Cat: Japan Stock 18 0 0.81 (4.01) 1.07 6.50 (0.31) (4.55) (12.00) (0.94) (5.26) (7.71) (4.29) 5.87 60.01 24.26 0.82 0.44 (13.0) (8.1) (7.0) (11.6) (11.3) (21.0) (15.4) (4.3) (16.8) (5.6) (11.1) (2.7) (8.4) (13.0) (13.6) (13.6) (100.5) (114.1) Cat: Japan Stock 18
42 Cat: World Bond 47 0 (1.34) 1.85 (1.54) (2.01) (3.64) (0.64) 2.56 (1.85) (3.24) (1.47) 4.01 9.77 37.05 8.43 1.46 1.28 (8.5) (8.8) (13.1) (35.5) (22.2) (13.0) (2.9) 4.0 (17.0) (10.0) (6.9) (8.9) (8.5) (8.5) (4.0) (4.0) (101.8) (105.8) Cat: World Bond 47
43 Cat: Emerging Markets Bond 6 0 (2.46) 1.50 (2.26) (1.47) (7.61) (2.01) 1.57 (2.25) (4.91) (3.61) 2.74 18.68 16.15 10.85 1.24 1.70 (12.8) (11.7) (15.3) (94.8) (27.0) (19.6) (7.2) 2.7 (22.4) (12.4) (10.0) (10.2) (11.2) (12.8) (8.0) (8.0) (134.3) (142.3) Cat: Emerging Markets Bond 6
44 Cat: Specialty-Real Estate 42 0 (5.15) (1.57) (4.35) 2.76 (17.44) (1.70) 2.97 (3.44) (1.67) (9.28) 7.58 25.90 66.60 31.32 1.35 0.91 (14.7) (12.0) (6.1) (9.2) (41.3) (6.7) (18.6) 7.6 (14.3) 11.9 (26.1) (13.5) (7.1) (14.7) (5.9) (5.9) (85.6) (91.4) Cat: Specialty-Real Estate 42
45 Cat: Foreign Large Growth 9 0 (2.15) 0.33 (0.35) 5.03 (13.62) (6.70) (10.06) (2.52) (5.22) (15.44) (3.62) 15.27 90.76 22.71 0.94 0.73 (21.4) (12.8) (12.3) (13.5) (30.2) (20.9) (30.9) (3.6) (17.3) 10.0 (27.3) (7.0) (8.6) (21.4) (18.5) (18.5) (103.6) (122.0) Cat: Foreign Large Growth 9
46 Cat: Foreign Large Value 10 0 (1.10) 2.27 (0.31) 6.00 (12.35) (7.01) (10.82) (2.90) (4.77) (16.64) (3.73) 10.12 96.43 24.05 1.03 0.52 (22.7) (13.5) (12.3) (12.7) (34.8) (19.1) (33.3) (3.7) (15.4) 14.2 (29.5) (7.9) (7.7) (22.7) (18.7) (18.7) (92.1) (110.8) Cat: Foreign Large Value 10
47 Cat: Foreign Large Blend 8 0 (1.41) 1.18 (0.04) 5.98 (12.77) (7.57) (11.88) (2.75) (5.55) (16.71) (5.25) 11.12 95.33 23.46 1.00 0.56 (23.5) (13.8) (13.0) (13.6) (33.0) (22.2) (33.4) (5.3) (17.0) 11.2 (28.2) (7.2) (8.5) (23.5) (20.3) (20.3) (101.7) (122.0) Cat: Foreign Large Blend 8
48 Cat: Specialty-Financial 38 0 (3.06) (1.54) (0.51) 5.79 (15.99) (8.28) (16.31) (3.52) (3.73) (17.53) (8.34) 5.27 83.17 26.84 1.29 0.33 (25.1) (14.3) (12.2) (14.6) (42.2) (14.9) (35.1) (8.3) (6.6) 20.1 (26.7) (8.2) (3.3) (25.1) (19.4) (19.4) (39.5) (58.9) Cat: Specialty-Financial 38
49 Cat: Europe Stock 7 0 (1.18) 2.56 (0.05) 7.26 (14.47) (8.27) (12.43) (3.05) (5.62) (19.36) (5.05) 13.24 89.15 27.09 1.10 0.60 (25.7) (14.8) (12.3) (13.8) (36.6) (22.5) (38.7) (5.1) (17.4) 16.2 (33.7) (7.8) (8.7) (25.7) (22.1) (22.1) (104.6) (126.7) Cat: Europe Stock 7
50 Cat: Diversified Pacific/Asia 5 0 (1.55) (1.22) 0.15 6.02 (11.15) (8.75) (15.10) (2.25) (8.09) (15.31) (9.33) 13.65 87.10 22.21 0.90 0.70 (24.8) (14.8) (14.5) (16.7) (27.0) (32.4) (30.6) (9.3) (23.0) (1.7) (21.3) (5.5) (11.5) (24.8) (24.1) (24.1) (138.2) (162.3) Cat: Diversified Pacific/Asia 5
51 Cat: Foreign Small/Mid Growth 11 0 (2.10) (0.68) (0.67) 4.51 (11.55) (8.12) (12.35) (2.90) (7.71) (17.14) (4.73) 19.78 89.58 22.90 0.94 0.89 (26.2) (16.4) (14.9) (16.6) (34.8) (30.8) (34.3) (4.7) (26.1) 3.4 (29.6) (8.7) (13.1) (26.2) (23.3) (23.3) (156.7) (179.9) Cat: Foreign Small/Mid Growth 11
52 Cat: Diversified Emerging Mkts 4 0 (2.89) (0.90) (0.38) 4.82 (15.09) (10.28) (16.82) (3.16) (8.51) (17.79) (11.68) 22.76 80.12 26.56 1.04 0.91 (29.8) (18.0) (14.6) (18.2) (37.9) (34.0) (35.6) (11.7) (22.4) 1.5 (23.9) (7.7) (11.2) (29.8) (27.1) (27.1) (134.2) (161.3) Cat: Diversified Emerging Mkts 4
53 Cat: Foreign Small/Mid Value 12 0 (1.86) (0.44) (0.90) 4.75 (10.86) (8.68) (13.35) (3.41) (8.30) (18.36) (4.64) 18.08 91.57 23.70 0.99 0.83 (28.9) (18.5) (15.8) (17.3) (40.9) (33.2) (36.7) (4.6) (28.6) 3.5 (32.1) (10.5) (14.3) (28.9) (24.9) (24.9) (171.4) (196.2) Cat: Foreign Small/Mid Value 12
54 Cat: Pacific/Asia ex-Japan Stk 31 0 (4.64) (2.63) (2.84) 3.05 (16.13) (12.32) (17.64) (5.81) (10.79) (18.44) (14.23) 24.30 68.00 29.16 1.04 0.91 (41.0) (28.2) (18.3) (26.9) (69.7) (43.2) (36.9) (14.2) (28.9) (6.3) (22.6) (17.3) (14.5) (41.0) (31.4) (31.4) (173.6) (205.0) Cat: Pacific/Asia ex-Japan Stk 31
55 Cat: Latin America Stock 22 0 (7.88) (3.29) (3.43) (0.62) (24.20) (13.89) (21.29) (6.50) (11.67) (21.17) (16.23) 26.90 71.60 32.32 1.19 0.91 (45.8) (31.2) (18.4) (25.7) (78.0) (46.7) (42.3) (16.2) (30.5) (4.3) (26.1) (19.0) (15.2) (45.8) (35.1) (35.1) (182.7) (217.8) Cat: Latin America Stock 22
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
1.392 << dA/dt Average Top 10 1-Mo>> 2.337 -0.3302 <<3-Mo  APA >> 6.0784             (9.5)       (5.5)       (29.5) Average Average         (7.5)        (47.3)        (54.8)
-0.3953 Average Top 30  1.080333 -4.1578 0.0702
(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= 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 #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 S&P GSCI Crude Oil TR Index ETN OIL 0 20 7.90 6.16 17.20 17.69 (9.45) 6.43 (0.16) 8.90 13.14 (4.49) 8.16 (5.37) 35.78 0.02 39.6 39.8 14.4 106.8 52.6 (9.0) 8.2 44.4 61.5 (17.1) 35.7 22.2 39.6 17.2 17.2 266.4 283.6 iPath S&P GSCI Crude Oil TR Index ETN 1
2 United States Oil USO 0 6 7.68 5.98 16.59 16.86 (8.71) 6.06 (0.56) 8.51 12.37 (4.25) 7.60 (2.69) 32.93 0.07 37.7 37.9 14.9 102.1 49.5 (8.5) 7.6 41.9 58.0 (16.1) 34.2 20.9 37.7 16.2 16.2 251.3 267.5 United States Oil 2
3 PowerShares DB Oil DBO 0 12 9.07 7.41 16.41 17.90 (5.45) 5.78 1.70 8.92 9.33 (6.59) 11.46 8.85 29.55 0.42 35.7 36.1 15.7 107.0 37.3 (13.2) 11.5 25.9 50.5 (24.6) 33.7 12.9 35.7 11.9 11.9 155.2 167.0 PowerShares DB Oil 3
4 iPath DJ-UBS Livestock TR Sub-Idx ETN COW 0 30 5.73 (1.37) 11.31 7.79 5.20 6.74 1.40 2.63 8.49 11.16 4.67 (4.11) 13.73 (0.25) 23.1 16.4 21.9 31.6 34.0 22.3 4.7 29.3 11.6 17.6 9.2 14.6 23.1 20.3 20.3 175.7 196.1 iPath DJ-UBS Livestock TR Sub-Idx ETN 4
5 PowerShares DB US Dollar Index Bullish UUP 0 9 1.39 (2.55) 0.42 2.13 5.57 1.06 (2.86) 2.27 4.70 3.38 (6.13) (5.77) 11.14 (0.49) 11.7 11.5 13.6 27.2 18.8 6.8 (6.1) 24.9 12.0 12.9 11.2 12.5 11.7 6.5 6.5 149.6 156.1 PowerShares DB US Dollar Index Bullish 5
6 iPath S&P GSCI Total Return Index ETN GSP 0 19 0.46 (0.74) 8.10 3.64 (9.16) 0.28 0.06 1.58 (2.22) (7.35) 9.13 3.05 24.68 0.24 1.1 2.5 0.6 19.0 (8.9) (14.7) 9.1 (18.0) 5.8 (23.8) 3.5 (9.0) 1.1 (4.8) (4.8) (108.1) (112.9) iPath S&P GSCI Total Return Index ETN 6
7 iShares S&P GSCI Commodity-Indexed Trust GSG 0 18 0.57 0.29 7.68 3.09 (8.77) 0.11 (0.91) 1.50 (2.31) (6.83) 8.09 1.61 24.22 0.18 0.8 2.2 0.4 18.0 (9.2) (13.7) 8.1 (17.3) 4.4 (21.8) 3.4 (8.7) 0.8 (4.9) (4.9) (104.0) (108.9) iShares S&P GSCI Commodity-Indexed Trust 7
8 CurrencyShares Japanese Yen Trust FXY 0 43 2.17 4.94 1.34 0.27 2.15 2.93 4.30 0.76 (1.39) 4.89 7.46 6.77 10.58 0.66 5.2 0.9 6.4 9.1 (5.6) 9.8 7.5 (13.0) (15.3) 2.3 (1.0) (6.5) 5.2 3.9 3.9 (78.1) (74.2) CurrencyShares Japanese Yen Trust 8
9 SPDR Gold Shares GLD 0 8 (2.72) (0.55) 3.87 (9.99) (4.20) 9.18 22.64 1.67 (4.27) 13.70 25.63 28.50 18.95 1.42 14.0 0.7 9.6 20.0 (17.1) 27.4 25.6 (42.7) (44.5) 1.8 (6.1) (21.4) 14.0 12.0 12.0 (256.3) (244.3) SPDR Gold Shares 9
10 iPath DJ-UBS Energy TR Sub-Idx ETN JJE 0 33 1.08 (0.91) 7.74 6.26 (8.76) (4.80) (10.66) 0.83 (2.40) (14.19) (3.45) (14.33) 26.02 (0.47) (7.9) 0.1 (3.9) 10.0 (9.6) (28.4) (3.5) (6.2) 18.8 (24.9) 5.9 (3.1) (7.9) (13.8) (13.8) (36.9) (50.7) iPath DJ-UBS Energy TR Sub-Idx ETN 10
11 PowerShares DB Gold DGL 0 13 (2.78) (0.53) 3.73 (10.05) (4.27) 8.70 21.63 1.50 (4.45) 13.27 24.49 26.93 18.97 1.35 12.8 0.0 8.8 18.0 (17.8) 26.5 24.5 (42.3) (44.3) 2.1 (6.4) (21.1) 12.8 11.1 11.1 (253.7) (242.7) PowerShares DB Gold 11
12 0.00 ### 0 2 (1.30) 0.00 (5.18) 0.00 0.00 1.07 0.00 0.00 0.00 4.28 0.00 0.00 0.00 0.00 2.1 0.0 0.0 0.0 0.0 8.6 0.0 0.0 (8.6) 8.6 (0.9) 0.0 2.1 2.9 2.9 0.0 2.9 0 12
13 WisdomTree Dreyfus Chinese Yuan CYB 0 4 (0.10) 1.24 0.97 (1.24) (1.39) 0.45 0.95 (0.04) (0.81) 0.51 2.13 1.24 3.12 0.37 (0.1) (0.9) (0.6) (0.5) (3.2) 1.0 2.1 (5.4) (4.3) (1.1) (1.2) (2.7) (0.1) (0.0) (0.0) (32.2) (32.3) WisdomTree Dreyfus Chinese Yuan 13
14 iPath DJ-UBS Prec Metals TR Sub-Idx ETN JJP 0 25 (3.76) (6.37) 8.26 (8.93) (7.99) 5.08 17.50 0.20 (8.75) 5.68 23.19 32.46 0.00 0.00 0.5 (8.2) 0.0 2.4 (35.0) 11.4 23.2 (58.2) (46.4) (11.8) (10.9) (29.1) 0.5 (0.2) (0.2) (349.1) (349.3) iPath DJ-UBS Prec Metals TR Sub-Idx ETN 14
15 CurrencyShares Australian Dollar Trust FXA 0 47 (2.86) (0.36) 0.14 0.22 (11.42) 1.18 4.20 (2.15) (2.88) (1.77) 11.54 20.03 17.46 1.13 (7.3) (9.3) (5.5) (25.8) (11.5) (3.5) 11.5 (23.1) (8.0) (15.1) (12.0) (11.5) (7.3) (1.2) (1.2) (138.4) (139.5) CurrencyShares Australian Dollar Trust 15
16 Merk Asian Currency Inv MEAFX 0 17 (2.00) (0.87) (1.25) (1.54) (4.33) (2.54) (2.46) (1.98) (4.18) (3.51) (0.50) 0.80 4.49 0.17 (12.0) (10.1) (34.7) (23.8) (16.7) (7.0) (0.5) (16.2) (9.7) (6.5) (7.9) (8.1) (12.0) (8.1) (8.1) (97.3) (105.4) Merk Asian Currency Inv 16
17 CurrencyShares British Pound Sterling Tr FXB 0 46 (1.77) 0.58 (0.84) (1.28) (5.53) (2.46) (0.03) (2.41) (3.38) (4.71) 0.65 0.43 10.69 0.08 (12.8) (10.6) (15.6) (28.9) (13.5) (9.4) 0.7 (14.2) (4.1) (10.1) (9.3) (7.1) (12.8) (7.4) (7.4) (85.0) (92.5) CurrencyShares British Pound Sterling Tr 17
18 iPath DJ-UBS Coffee TR Sub-Idx ETN JO 0 36 1.99 5.39 12.54 (12.69) 2.73 (5.18) (7.48) 2.85 (19.27) (14.46) 10.17 17.23 33.01 0.64 (15.4) (10.7) (6.1) 34.2 (77.1) (28.9) 10.2 (87.3) (48.2) (39.1) 2.4 (43.6) (15.4) (31.9) (31.9) (523.5) (555.4) iPath DJ-UBS Coffee TR Sub-Idx ETN 18
19 CurrencyShares Canadian Dollar Trust FXC 0 45 (2.28) (1.73) (0.01) 0.10 (7.48) (2.64) (1.97) (2.31) (4.00) (5.01) 0.74 6.60 12.07 0.58 (13.2) (10.9) (14.3) (27.7) (16.0) (10.0) 0.7 (16.7) (6.0) (10.8) (9.1) (8.4) (13.2) (8.4) (8.4) (100.4) (108.9) CurrencyShares Canadian Dollar Trust 19
20 Merk Hard Currency Inv MERKX 0 16 (2.09) 0.96 (0.25) (2.30) (6.77) (1.55) 1.45 (2.30) (5.67) (4.10) 5.86 9.09 12.04 0.77 (13.2) (12.6) (14.2) (27.6) (22.7) (8.2) 5.9 (28.5) (14.5) (14.1) (11.5) (14.3) (13.2) (8.3) (8.3) (171.2) (179.6) Merk Hard Currency Inv 20
21 PowerShares DB US Dollar Index Bearish UDN 0 10 (1.59) 2.27 (0.60) (2.12) (5.92) (1.93) 1.14 (2.46) (5.19) (4.39) 4.34 3.60 10.96 0.37 (13.7) (12.6) (16.2) (29.5) (20.8) (8.8) 4.3 (25.1) (12.0) (13.1) (11.4) (12.6) (13.7) (8.4) (8.4) (150.6) (159.0) PowerShares DB US Dollar Index Bearish 21
22 CurrencyShares Euro Trust FXE 0 44 (1.24) 4.14 (0.09) (2.80) (6.22) (3.01) 0.78 (2.89) (6.41) (6.48) 3.73 1.94 14.63 0.19 (17.4) (15.1) (15.5) (34.7) (25.6) (13.0) 3.7 (29.4) (12.7) (16.7) (12.8) (14.7) (17.4) (11.6) (11.6) (176.2) (187.8) CurrencyShares Euro Trust 22
23 PowerShares DB Base Metals DBB 0 14 0.30 4.66 (0.23) 5.79 (9.01) (9.61) (18.26) (0.65) (14.03) (16.79) (6.99) 14.14 27.35 0.62 (26.1) (16.0) (12.4) (7.8) (56.1) (33.6) (7.0) (49.1) (22.5) (26.6) (2.5) (24.6) (26.1) (32.2) (32.2) (294.8) (327.0) PowerShares DB Base Metals 23
24 CurrencyShares Mexican Peso Trust FXM 0 42 (2.07) (1.80) (1.90) 2.17 (6.74) (8.09) (6.92) (2.33) (9.02) (14.31) (6.69) 2.57 12.17 0.26 (24.8) (16.0) (26.5) (28.0) (36.1) (28.6) (6.7) (29.4) (7.5) (21.9) (7.1) (14.7) (24.8) (23.8) (23.8) (176.3) (200.1) CurrencyShares Mexican Peso Trust 24
25 WisdomTree Dreyfus Emerging Currency CEW 2 49 (2.69) (0.82) (1.02) (0.81) (8.11) (5.68) (6.43) (2.94) (7.78) (8.90) (3.12) 0.00 0.00 0.00 (21.8) (16.6) 0.0 (35.3) (31.1) (17.8) (3.1) (28.0) (13.3) (14.7) (11.0) (14.0) (21.8) (17.3) (17.3) (168.0) (185.3) WisdomTree Dreyfus Emerging Currency 25
26 iPath DJ-UBS Lead TR Sub-Idx ETN LD 0 31 1.57 9.04 (0.90) 2.34 (4.19) (10.98) (20.22) 0.93 (19.98) (18.25) (6.60) 20.15 35.78 0.69 (28.0) (17.2) (10.2) 11.2 (79.9) (36.5) (6.6) (73.3) (43.4) (29.9) 1.0 (36.7) (28.0) (41.0) (41.0) (439.9) (480.9) iPath DJ-UBS Lead TR Sub-Idx ETN 26
27 CurrencyShares Russian Ruble Trust FXRU 0 48 (3.40) (2.66) 0.33 (0.84) (10.45) (4.63) (0.60) (2.89) (8.59) (8.84) 1.80 (2.06) 0.00 0.00 (21.2) (17.3) 0.0 (34.7) (34.4) (17.7) 1.8 (36.2) (16.7) (19.5) (12.6) (18.1) (21.2) (16.7) (16.7) (217.0) (233.7) CurrencyShares Russian Ruble Trust 27
28 iPath DJ-UBS Commodity Index TR ETN DJP 0 21 (2.57) (1.56) 2.88 (2.42) (9.18) (6.79) (10.73) (1.99) (11.36) (12.88) (0.95) 5.80 19.48 0.38 (24.0) (17.3) (16.0) (23.9) (45.4) (25.8) (1.0) (44.5) (19.7) (24.8) (8.8) (22.2) (24.0) (24.0) (24.0) (266.9) (291.0) iPath DJ-UBS Commodity Index TR ETN 28
29 CurrencyShares Swedish Krona Trust FXS 0 41 (2.71) 1.05 0.38 (3.06) (9.21) (3.34) (0.24) (3.81) (6.13) (8.17) 4.76 6.68 16.26 0.47 (20.5) (17.6) (16.4) (45.7) (24.5) (16.3) 4.8 (29.3) (8.2) (21.1) (16.0) (14.6) (20.5) (12.0) (12.0) (175.7) (187.7) CurrencyShares Swedish Krona Trust 29
30 iPath DJ-UBS Copper TR Sub-Idx ETN JJC 0 35 (4.77) (3.18) (1.76) 4.42 (18.56) (10.91) (22.17) (1.92) (15.83) (16.75) (9.15) 25.49 32.30 0.87 (32.3) (21.6) (13.0) (23.0) (63.3) (33.5) (9.2) (54.2) (29.8) (24.3) (7.1) (27.1) (32.3) (35.3) (35.3) (325.0) (360.3) iPath DJ-UBS Copper TR Sub-Idx ETN 30
31 WisdomTree Dreyfus Brazilian Real BZF 0 5 (5.83) (3.93) (3.16) (2.01) (14.22) (5.82) (2.49) (3.90) (10.69) (9.94) 1.26 17.09 18.11 0.96 (27.0) (22.4) (19.4) (46.8) (42.8) (19.9) 1.3 (44.0) (22.9) (21.1) (16.7) (22.0) (27.0) (20.5) (20.5) (264.1) (284.6) WisdomTree Dreyfus Brazilian Real 31
32 iPath DJ-UBS Ind Metals TR Sub-Idx ETN JJM 0 29 (2.20) (0.14) (0.25) 4.81 (13.22) (12.17) (22.23) (2.72) (15.43) (18.89) (11.66) 14.08 28.12 0.61 (35.9) (23.6) (16.6) (32.6) (61.7) (37.8) (11.7) (50.1) (23.9) (26.1) (8.7) (25.0) (35.9) (37.1) (37.1) (300.4) (337.4) iPath DJ-UBS Ind Metals TR Sub-Idx ETN 32
33 CurrencyShares Swiss Franc Trust FXF 0 40 (3.96) (2.27) (5.09) (1.33) (7.14) (3.30) 1.79 (3.92) (11.85) (6.83) 9.39 9.49 16.42 0.63 (24.7) (23.6) (19.5) (47.0) (47.4) (13.7) 9.4 (56.8) (33.7) (23.1) (20.3) (28.4) (24.7) (17.2) (17.2) (340.7) (358.0) CurrencyShares Swiss Franc Trust 33
34 iPath DJ-UBS Platinum TR Sub-Idx ETN PGM 0 26 (3.75) (0.39) 0.34 (6.14) (8.81) (10.75) (13.79) (2.97) (16.42) (15.78) (7.83) 18.03 25.61 0.77 (35.2) (25.3) (17.9) (35.6) (65.7) (31.6) (7.8) (57.9) (34.1) (23.7) (11.8) (28.9) (35.2) (35.0) (35.0) (347.1) (382.1) iPath DJ-UBS Platinum TR Sub-Idx ETN 34
35 iPath DJ-UBS Aluminum TR Sub-Idx ETN JJU 0 38 (1.14) (0.26) (0.09) 2.55 (6.76) (13.18) (18.67) (3.93) (14.97) (22.24) (11.59) (1.50) 26.94 0.07 (40.8) (26.8) (19.7) (47.2) (59.9) (44.5) (11.6) (48.3) (15.4) (32.9) (12.2) (24.1) (40.8) (38.7) (38.7) (289.7) (328.4) iPath DJ-UBS Aluminum TR Sub-Idx ETN 35
36 WisdomTree Dreyfus Indian Rupee ICN 0 3 (4.37) (3.02) (4.41) (1.83) (8.23) (8.73) (9.82) (5.82) (10.63) (11.59) (6.88) 4.02 10.90 0.40 (35.6) (28.1) (42.5) (69.8) (42.5) (23.2) (6.9) (35.6) (19.3) (16.3) (20.8) (17.8) (35.6) (24.2) (24.2) (213.8) (238.0) WisdomTree Dreyfus Indian Rupee 36
37 PowerShares DB Agriculture DBA 0 15 (4.98) (2.73) (0.71) (9.30) (7.18) (7.86) (10.39) (4.67) (15.01) (11.42) (0.34) 6.26 18.71 0.41 (34.8) (29.0) (24.2) (56.0) (60.0) (22.8) (0.3) (59.7) (37.2) (22.5) (20.4) (29.9) (34.8) (27.7) (27.7) (358.2) (385.9) PowerShares DB Agriculture 37
38 WisdomTree Dreyfus South African Rand SZR 0 1 (3.98) (3.96) (1.88) (1.29) (8.80) (11.97) (17.78) (5.41) (15.36) (16.44) (10.68) 13.29 17.92 0.85 (42.5) (31.6) (649.7) (64.9) (61.4) (32.9) (10.7) (50.8) (28.6) (22.2) (19.1) (25.4) (42.5) (35.0) (35.0) (304.6) (339.6) WisdomTree Dreyfus South African Rand 38
39 iPath DJ-UBS Softs TR Sub-Idx ETN JJS 0 24 (5.73) (2.05) (1.75) (11.49) (7.63) (7.77) (12.84) (5.23) (17.76) (12.04) 3.94 25.49 0.00 0.00 (38.5) (33.5) 0.0 (62.8) (71.0) (24.1) 3.9 (75.0) (47.0) (28.0) (24.7) (37.5) (38.5) (30.4) (30.4) (449.9) (480.3) iPath DJ-UBS Softs TR Sub-Idx ETN 39
40 PowerShares DB Silver DBS 0 11 (8.65) (21.57) 13.98 (6.93) (20.09) (6.22) 5.29 (4.16) (21.17) (15.07) 15.52 45.22 41.93 1.11 (37.3) (33.7) (11.6) (49.9) (84.7) (30.1) 15.5 (100.2) (54.5) (45.7) (25.1) (50.1) (37.3) (33.1) (33.1) (601.2) (634.3) PowerShares DB Silver 40
41 iPath DJ-UBS Tin TR Sub-Idx ETN JJT 0 22 (0.46) (0.38) 5.59 7.68 (14.73) (16.62) (25.61) (6.38) (15.88) (26.99) (17.24) 19.03 33.05 0.69 (52.8) (35.0) (20.8) (76.6) (63.5) (54.0) (17.2) (46.3) (9.5) (36.7) (18.7) (23.1) (52.8) (44.9) (44.9) (277.7) (322.6) iPath DJ-UBS Tin TR Sub-Idx ETN 41
42 iPath DJ-UBS Agriculture TR Sub-Idx ETN JJA 0 39 (7.35) (1.71) (3.52) (13.23) (10.93) (13.10) (18.41) (5.85) (21.60) (19.30) (5.63) 10.45 26.91 0.50 (50.2) (39.2) (24.3) (70.2) (86.4) (38.6) (5.6) (80.8) (47.8) (33.0) (24.2) (40.4) (50.2) (43.5) (43.5) (484.6) (528.2) iPath DJ-UBS Agriculture TR Sub-Idx ETN 42
43 iPath DJ-UBS Sugar TR Sub-Idx ETN SGG 0 23 (9.12) (2.42) (15.21) (8.31) (10.55) (2.48) (11.06) (8.29) (17.26) 11.44 4.20 26.53 46.11 0.74 (35.4) (42.1) (10.0) (99.5) (69.0) 22.9 4.2 (73.2) (91.9) 18.7 (40.3) (36.6) (35.4) (14.0) (14.0) (439.4) (453.4) iPath DJ-UBS Sugar TR Sub-Idx ETN 43
44 iPath DJ-UBS Grains TR Sub-Idx ETN JJG 0 32 (8.42) (1.33) (4.36) (15.05) (12.95) (15.31) (20.19) (6.78) (23.73) (21.91) (8.82) 3.91 32.08 0.28 (57.2) (44.1) (23.2) (81.4) (94.9) (43.8) (8.8) (86.1) (51.1) (35.0) (26.9) (43.1) (57.2) (49.2) (49.2) (516.6) (565.8) iPath DJ-UBS Grains TR Sub-Idx ETN 44
45 iPath DJ-UBS Cotton TR Sub-Idx ETN BAL 0 34 (11.32) (8.17) (7.73) (14.86) (14.53) (16.26) (22.66) (11.15) (13.58) (35.47) (4.82) 27.02 37.53 0.82 (66.0) (47.0) (22.9) (133.8) (54.3) (70.9) (4.8) (49.5) 16.6 (66.1) (37.0) (24.8) (66.0) (43.4) (43.4) (297.0) (340.4) iPath DJ-UBS Cotton TR Sub-Idx ETN 45
46 iPath DJ-UBS Nickel TR Sub-Idx ETN JJN 0 27 (6.58) (6.23) 0.39 1.34 (21.82) (20.63) (31.27) (10.18) (21.68) (26.99) (23.65) 18.05 39.18 0.62 (71.6) (52.2) (23.8) (122.2) (86.7) (54.0) (23.7) (63.1) (32.7) (30.3) (32.8) (31.5) (71.6) (54.8) (54.8) (378.4) (433.2) iPath DJ-UBS Nickel TR Sub-Idx ETN 46
47 United States Natural Gas UNG 0 7 (9.69) (9.31) (7.95) (8.80) (12.71) (25.20) (34.32) (12.65) (22.99) (33.25) (31.92) (47.34) 31.67 (1.81) (85.5) (60.9) (35.1) (151.8) (92.0) (66.5) (31.9) (60.0) (25.5) (34.6) (38.5) (30.0) (85.5) (63.5) (63.5) (360.2) (423.7) United States Natural Gas 47
48 iPath DJ-UBS Natural Gas TR Sub-Idx ETN GAZ 0 28 (7.54) (9.23) (3.86) (6.20) (10.87) (31.73) (41.48) (13.88) (28.94) (41.91) (42.20) (48.25) 32.76 (1.80) (102.1) (70.6) (40.5) (166.6) (115.8) (83.8) (42.2) (73.6) (31.9) (41.6) (40.5) (36.8) (102.1) (80.6) (80.6) (441.4) (522.0) iPath DJ-UBS Natural Gas TR Sub-Idx ETN 48
49 iPath DJ-UBS Cocoa TR Sub-Idx ETN NIB 0 37 (13.75) (14.73) (4.51) (16.80) (18.96) (22.81) (26.86) (15.56) (28.13) (25.59) (21.97) (4.01) 32.77 0.04 (93.1) (74.8) (36.9) (186.7) (112.5) (51.2) (22.0) (90.6) (61.3) (29.2) (55.6) (45.3) (93.1) (61.9) (61.9) (543.3) (605.2) iPath DJ-UBS Cocoa TR Sub-Idx ETN 49