date NAV NAV(t) - NAV(t-1)NAV(t-1) r(p) date

Monday, January 04, 2010 108.1593 4-Jan-10

Tuesday, January 05, 2010 109.9744 1.8151 108.1593 1.68% 5-Jan-10
Wednesday, January 06, 2010 111.0604 1.086 109.9744 0.99% 6-Jan-10
Thursday, January 07, 2010 110.5549 -0.5055 111.0604 -0.46% 7-Jan-10
Friday, January 08, 2010 109.9156 -0.6393 110.5549 -0.58% 8-Jan-10
Monday, January 11, 2010 110.4831 0.5675 109.9156 0.52% 11-Jan-10
Tuesday, January 12, 2010 109.0002 -1.4829 110.4831 -1.34% 12-Jan-10
Wednesday, January 13, 2010 110.0244 1.0242 109.0002 0.94% 13-Jan-10
Thursday, January 14, 2010 110.9686 0.9442 110.0244 0.86% 14-Jan-10
Friday, January 15, 2010 111.0226 0.054 110.9686 0.05% 15-Jan-10
Monday, January 18, 2010 111.8955 0.8729 111.0226 0.79% 18-Jan-10
Tuesday, January 19, 2010 110.4088 -1.4867 111.8955 -1.33% 19-Jan-10
Wednesday, January 20, 2010 110.3831 -0.0257 110.4088 -0.02% 20-Jan-10
Thursday, January 21, 2010 108.3303 -2.0528 110.3831 -1.86% 21-Jan-10
Friday, January 22, 2010 107.424 -0.9063 108.3303 -0.84% 22-Jan-10
Monday, January 25, 2010 106.6142 -0.8098 107.424 -0.75% 25-Jan-10
Wednesday, January 27, 2010 103.1075 -3.5067 106.6142 -3.29% 27-Jan-10
Thursday, January 28, 2010 102.9108 -0.1967 103.1075 -0.19% 28-Jan-10
Friday, January 29, 2010 103.3791 0.4683 102.9108 0.46% 29-Jan-10
-0.24%
total return indexMI(t) - MI(t-1) MI(t-1) r(m) r(f) r(p) - r(f) N1-N21 square O
6495.62
6552.37 56.75 6495.62 0.87% 1.00% 0.68% 1.92% 0.03694%
6557.2 4.83 6552.37 0.07% 1.00% -0.01% 1.23% 0.01516%
6533.98 -23.22 6557.2 -0.35% 1.00% -1.46% -0.21% 0.00045%
6511.19 -22.79 6533.98 -0.35% 1.00% -1.58% -0.33% 0.00112%
6517.09 5.9 6511.19 0.09% 1.00% -0.48% 0.76% 0.00578%
6468.64 -48.45 6517.09 -0.74% 1.00% -2.34% -1.10% 0.01207%
6497.91 29.27 6468.64 0.45% 1.00% -0.06% 1.18% 0.01400%
6530.12 32.21 6497.91 0.50% 1.00% -0.14% 1.10% 0.01214%
6520.55 -9.57 6530.12 -0.15% 1.00% -0.95% 0.29% 0.00086%
6548.67 28.12 6520.55 0.43% 1.00% -0.21% 1.03% 0.01061%
6487.84 -60.83 6548.67 -0.93% 1.00% -2.33% -1.08% 0.01177%
6482.96 -4.88 6487.84 -0.08% 1.00% -1.02% 0.22% 0.00049%
6324.57 -158.39 6482.96 -2.44% 1.00% -2.86% -1.62% 0.02611%
6252.42 -72.15 6324.57 -1.14% 1.00% -1.84% -0.59% 0.00351%
6217.5 -34.92 6252.42 -0.56% 1.00% -1.75% -0.51% 0.00260%
6025.64 -191.86 6217.5 -3.09% 1.00% -4.29% -3.05% 0.09274%
6043.21 17.57 6025.64 0.29% 1.00% -1.19% 0.05% 0.00003%
6061.68 18.47 6043.21 0.31% 1.00% -0.54% 0.70% 0.00488%
-0.38% -1.24% 0.25126%
0.02%
sqrt P21 std dev (p) r(m) - r (f) T2 T1 - T21 square U sqrt V21

-0.13% 0.00016% 1.25% 0.01568%

-0.93% 0.00858% 0.45% 0.00204%
-1.35% 0.01834% 0.02% 0.00001%
-1.35% 0.01819% 0.03% 0.00001%
-0.91% 0.00827% 0.47% 0.00220%
-1.74% 0.03040% -0.37% 0.00133%
-0.55% 0.00300% 0.83% 0.00690%
-0.50% 0.00254% 0.87% 0.00764%
-1.15% 0.01315% 0.23% 0.00054%
-0.57% 0.00323% 0.81% 0.00655%
-1.93% 0.03721% -0.55% 0.00303%
-1.08% 0.01156% 0.30% 0.00092%
-3.44% 0.11855% -2.06% 0.04263%
-2.14% 0.04583% -0.76% 0.00581%
-1.56% 0.02429% -0.18% 0.00032%
-4.09% 0.16694% -2.71% 0.07330%
-0.71% 0.00502% 0.67% 0.00449%
-0.69% 0.00482% 0.68% 0.00468%
0.0501257 0.0026381927 -1.38% 0.52007% 0.17809% 0.042201
0.02%
std dev (m) e(r(m)) * e(r(p)) Z21*20 beta (p)

-0.00086% SUMMARY OUTPUT

0.00012%
0.01970% Regression Statistics
0.02129% Multiple R
0.00440% R Square
0.04083% Adjusted R Square
0.00033% Standard Error
0.00072% Observations
0.01091%
0.00122% ANOVA
0.04492%
0.01100% Regression
0.09846% Residual
0.03932% Total
0.02733%
0.17525% Coefficients
0.00844% Intercept
0.00378% X Variable 1
0.0022211 0.50715% 0.101431 0.01714% 0.9752925

RESIDUAL OUTPUT

Observation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Y OUTPUT

ession Statistics
0.9386974
0.8811528
0.8737249
0.0043201
18

df SS MS F Significance F
1 0.002214 0.002214 118.62669 8.266E-09
16 0.0002986 1.866E-05
17 0.0025126

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%Upper 95.0%
0.001781 0.0010894 1.6347621 0.1216172 -0.000529 0.0040905 -0.000529 0.0040905
1.1149698 0.1023698 10.891588 8.266E-09 0.8979555 1.3319841 0.8979555 1.3319841

L OUTPUT

Predicted Y Residuals
Standard Residuals
0.0115221 0.0052596 1.25495
0.0026029 0.0072722 1.7351363
-0.002167 -0.002384 -0.568889
-0.002108 -0.003675 -0.876782
0.0027913 0.0023718 0.565903
-0.006508 -0.006914 -1.649659
0.0068261 0.0025702 0.6132496
0.0073079 0.0012739 0.3039466
0.000147 0.0003397 0.0810418
0.0065893 0.0012731 0.3037515
-0.008576 -0.004711 -1.123954
0.0009423 -0.001175 -0.280377
-0.02546 0.0068626 1.6374212
-0.010938 0.0025724 0.6137733
-0.004446 -0.003092 -0.737793
-0.032625 -0.000267 -0.063625
0.0050321 -0.00694 -1.655835
0.0051887 -0.000638 -0.15226
pper 95.0%