ETF Model

SiAlpha underperformed by 0.06% in 2nd Quarter of 2011 by generating a total return of -0.46% vs. a return of -0.40% for S&P 500 during the same period. Cumulative Benchmark Comparison

SiAlpha outperformed by 1.16% in 1st Quarter of 2010 by generating a total return of 4.40% vs. a return of 3.24% for S&P 500 during the same period. Cumulative Benchmark Comparison

SiAlpha outperformed by 8.01% in 2nd Quarter of 2009 by generating a total return of 22.08% vs. a return of 14.08% for S&P 500 during the same period. Cumulative Benchmark Comparison

SiAlpha outperformed by 0.96% in 4th Quarter of 2009 by generating a total return of 9.77% vs. a return of 8.81% for S&P 500 during the same period. Cumulative Benchmark Comparison

SiAlpha outperformed by 6.48% in 3rd Quarter of 2009 by generating a total return of 21.40% vs. a return of 14.91% for S&P 500 during the same period. Cumulative Benchmark Comparison