Summary Of Results for Intermediate Model Aug 2011

Enclosed find the summary performance through the end of Aug 2011. Overall the strategy has performed well since inception in 2005 with a max drawdown of approx 1.7% from high to low. The reason for this is because the strategy carefully weights each particular ETF (proprietary weighting scheme) and may be half in cash at any given time. The average rolling 12 mth sharpe ratio exceeds 3.5. I can provide mthly results but in this table I am producing annual to date.