1. TIPO
CATEGORIAS
CONSERVADOR
RENTA FIJA 100%
RENTA VARIABLE 0%
APALANCAMIENTO 1X
RENTA FIJA CONSERVADOR
Bonos EE.UU.
TIPS TIP
T-BILLS (1-3 meses) BIL
T-BILLS (1 año) SHY
T-Notes (3-7 años) IEI
T-Notes (7-10 años) IEF
TREASURY (10-20 años) TLH
TREASURY (20 años) TLT
Total United States investment-grade bond market AGG
Lehman International Treasury Bond ETF BWX
Bonos Corporativos
Investment grade corporate bonds LQD
U.S. MBS index MBB
High Yields HYG
Bonos Mercados Desarrollados
Bonos Mercados Emergentes
Emerging Bond Fund EMB
Emerging Market USD Liquid Balanced Index PCY
Bonos Municipales
S&P National AMT-Free Municipal Bond Index MUB
BofA Merrill Lynch National Insured Long-Term Core Plus Municipal Securities index PZA
Barclays Capital Managed Money Municipal Short Term index SHM
The United States municipal bond market TFI
RENTA VARIABLE CONSERVADOR
EE.UU. Market
Indices
Dow Jones DIA
S&P 500 SPY
NASDAQ QQQ
Sectors
Financial XLF
Industrial XLI
Energy XLE
Consumer discretionary XLY
Technology XLK
Real State IYR
Semiconductors SMH
Retail RTH
Health Care XLV
Consumer staples XLP

2. Materials XLB
Utilities XLU
Market capitalization
Large Cap
Middle Cap
Small Cap IWM
Developed Markets
Indices
Sectors
Mkt capital
Emerging Markets EEM
China
India
Latinamerica
Brasil EWZ
Perú EPU
Rusia
Commodities
Oro GLD
Plata SLV
Petróleo USO
Cobre JJC
Agrícolas DBA
Currencies
Dólar UUP
Euro FXE
Yen
Franco suizo

3. TIPO DE PORTAFOLIO OTROS
MODERADO EQUILIBRADO CRECIMIENTO AGRESIVO
75% 50% 25% 0%
25% 50% 75% 100%
1X 2X 2X 3X
MODERADO EQUILIBRADO CRECIMIENTO AGRESIVO
TIP VIPSX
BIL
SHY
IEI TWOL
IEF TYD
TLH
TLT TMF
AGG
LQD LQD LQD CLY VFSTX
MBB
HYG
EMB EMB EMB
PCY
MUB
PZA
SHM
TFI
MODERADO EQUILIBRADO CRECIMIENTO AGRESIVO
DIA DDM DDM UDOW
SPY SSO SSO UPRO
QQQ QLD QLD TQQQ
XLF UYG UYG FAS
XLI UXI UXI
XLE ERX
XLY
XLK ROM ROM TYH
IYR URE URE DRN
SMH USD USD SOXL
RTH RETL RETL
XLV XLV RXL CURE
XLP UGE UGE

4. XLB UYM UYM MATL
XLU XLU UPW
BGU
MVV MVV MWJ
IWM SAA SAA TNA
DZK
EDC
XPP XPP CZM
INDL INDL INDL
LBJ LBJ
EWZ UBR UBR UBR
EPU
GLD GLD DGP DGP
SLV AGQ AGQ AGQ
USO UCO UCO UCO
JJC
DBA DAG DAG COWL
UUP DXDBX UUPT UUPT
FXE FXE URR URR
YCL YCL YCL

5. MIS PORTAFOLIOS
1ER TRIM 2DO TRIM
CONSERVADOR 1/3/2011 3/31/2011 RENT 6/30/2011 RENTABILIDAD
1 TIP 104.5 106.98 2.4% 110.64 3.4%
2 IEF 92.36 92.29 -0.1% 95.86 3.9%
3 TLT 91.67 91.02 -0.7% 94.1 3.4%
4 LQD 106.75 106.94 0.2% 110.13 3.0%
PROM 0.4% 3.4%
1ER TRIM 2DO TRIM
MODERADO 1/3/2011 3/31/2011 RENT 6/30/2011
1 TIP 104.5 106.98 2.4% 110.84 3.6%
2 LQD 106.75 106.94 0.2% 110.13 3.0%
3 MUB 98.07 98.55 0.5% 103.51 5.0%
4 HYG 87.58 90.27 3.1% 91.31 1.2%
5 VNO 84.13 86.86 3.2% 93.18 7.3%
PROM 1.9% 4.0%
1ER TRIM 2DO TRIM
EQUILIBRADO 1/3/2011 3/31/2011 RENT 6/30/2011
1 EMB 105.28 105.3 0.0% 109.32 3.8%
2 LQD 106.75 106.94 0.2% 109.97 2.8%
3 XLV 31.49 32.95 4.6% 35.53 7.8%
4 XLU 30.87 31.55 2.2% 33.48 6.1%
5 GLD 138 139.86 1.3% 146 4.4%
6 FXE 132.89 141.08 6.2% 144.48 2.4%
PROM 2.4% 4.6%
1ER TRIM 2DO TRIM
CRECIMIENTO 1/3/2011 3/31/2011 RENT 6/30/2011
1 LQD 106.75 106.94 0.2% 110.13 3.0%
2 EMB 105.28 105 -0.3% 109.32 4.1%
3 RXL 53 58.31 10.0% 66.4 13.9%
4 UGE 69.99 73.49 5.0% 80.46 9.5%
5 DGP 42.47 43.06 1.4% 46.49 8.0%
PROM 3.3% 7.7%
1ER TRIM 2DO TRIM
AGRESIVO 1/3/2011 3/31/2011 RENT 6/30/2011
1 FAZ 45.55 30.28 -33.5% 55.25 82.5%
2 ERY 21.96 18.54 -15.6% 30.4 64.0%
3 BGZ 43 45.5 5.8% 53.58 17.8%
4 AGQ 159.96 160.58 0.4% 185.2 15.3%
5 DGP 42.47 43.06 1.4% 46.49 8.0%
PROM -8.3% 37.5%

6. 3ER TRIM
Al 19/08/11 RENTABILIDAD EN EL AÑO
116.30 5.1% 11.3%
102.62 7.1% 11.1%
105.32 11.9% 14.9%
112.47 2.1% 5.4%
6.6% 10.7%
3ER TRIM
Al 19/08/11 RENTABILIDAD EN EL AÑO
116.30 4.9% 11.3%
112.47 2.1% 5.4%
114.58 10.7% 16.8%
99.62 9.1% 13.7%
98.71 5.9% 17.3%
6.6% 12.9%
3ER TRIM
Al 19/08/11 RENTABILIDAD EN EL AÑO
112.32 2.7% 6.7%
112.47 2.3% 5.4%
34.50 -2.9% 9.6%
39.88 19.1% 29.2%
184.59 26.4% 33.8%
141.96 -1.7% 6.8%
7.7% 15.2%
3ER TRIM
Al 19/08/11 RENTABILIDAD EN EL AÑO
112.47 2.1% 5.4%
112.32 2.7% 6.7%
55.30 -16.7% 4.3%
79.62 -1.0% 13.8%
72.25 55.4% 70.1%
8.5% 20.1%
3ER TRIM
Al 19/08/11 RENTABILIDAD EN EL AÑO
71.47 29.4% 56.9%
21.38 -29.7% -2.6%
50.45 -5.8% 17.3%
252.20 36.2% 57.7%
72.25 55.4% 70.1%
17.1% 39.9%

7. RENTABILIDAD 2011
PORTAFOLIO 1ER TRIM 2DO TRIM 3ER TRIM EN EL AÑO*
Conservador 0.4% 3.4% 6.6% 10.7%
Moderado 1.9% 4.0% 6.6% 12.9%
Equilibrado 2.4% 4.6% 7.7% 15.2%
Crecimiento 3.3% 7.7% 8.5% 20.1%
Agresivo -8.3% 37.5% 17.1% 39.9%
* Al 12/08/11
45.0% 39.9%
40.0%
35.0%
30.0%
25.0% 20.1%
20.0% 15.2%
15.0% 12.9%
10.7%
10.0%
5.0%
0.0%
Conservador Moderado Equilibrado Crecimiento Agresivo

8. BENCHMARK 2011
RENTABILIDAD ACUMULADA
3er TRIM 4to TRIM
INDICE/FONDO/PORTAFOLIO 1er TRIM 2011 2do TRIM 2011
2011 2011
P. Conservador 0.4% 3.9% 6.6%
P. Moderado 1.9% 5.9% 6.6%
P. Equilibrado 2.4% 7.0% 7.7%
P. Crecimiento 3.3% 10.9% 8.5%
P. Agresivo -8.3% 29.2% 17.1%
S&P 500 (1) 5.4% 7.0% -16.5%
INCA (2) -10.7% -13.9%
Fondo Mutuo Renta Variable (3) -6.1% -17.0%
Fondo Mutuo Renta Mixta Dólares (4) -6.7% -12.5%
AFP Fondo I - Conservador (5) -1.2% -7.8%
AFP Fondo II - Equilibrado (5) -4.1% -7.0%
AFP Fondo III - Agresivo (5) -6.6% -12.3%
Notas:
(1) Indice Standard & Poor´s 500- EE.UU.
(2) Indice Nacional de Capitalización- PERU
(3) Rentabilidad Nominal promedio del F.M. BCP Acciones, Promoinvest Incasol y Scotia Fondo Acciones - PERU
(4) Rentabilidad Nominal promedio del F.M. BCP Equilibrado, Promoinvest Fondo Selectivo y Scotia Fondo Mixto Balanceado$ - PERU
(5) R.N. promedio de AFP Horizonte, AFP Integra, AFP Prima y AFP Profuturo - PERU
Fuentes: SBS, Economática