Visual summary of the algorithmic analysis of 6 high yield bond portfolio securities, hedging candidates and hedging candidates with direct exposure to the financial sector.

1. Index Trend Reversal Supplement #3:
2 Bond Portfolio YTD 2011
4 Bond Portfolio Hedging Candidates
11 Bond Portfolio Direct Exposure to Financial Sector
12 Financial Exposure Hedging Candidates
Homepage: http://www.indexstrategyadvisors.com
Address: Index Strategy Advisors, Inc.
2001 Holcombe Blvd.
25th Floor - Suite 2502
Houston, TX 77030
Telephones: 1-800-984-0268
1-832-586-8329 (fax)
www.indexstrategyadvisors.com 1

2. Bond Portfolio YTD 2011
www.indexstrategyadvisors.com 2

3. Bond Portfolio YTD 2011
>$20k Drawdowns January 1 – July 7
Symbol Calendar Period Position Value chg. (%) Position Value chg. ($)
JNK May 31 - June 16 -5.13% -$86,250
VWEHX May 16 - June 21 -2.21% -$53,877
TPINX March 9 - 17 -2.34% -$41,761
JNK March 8 - 16 -2.44% -$37,875
TPINX May 2 - 5 -1.284% -$22,779
PTTDX January 27 – February 10 -1.1% -$20,876
www.indexstrategyadvisors.com 3

4. Bond Portfolio Hedging Candidates
>$20k Drawdowns January 1 – July 7
CBOE Mini-
Position Value chg. Position Value chg. U.S. Treasury
Symbol Calendar Period Volatility Index
(%) ($) Bond Futures
Futures
JNK May 31 - June 16 -5.13% -$86,250 0.826% 47.120%
VWEHX May 16 - June 21 -2.21% -$53,877 1.364% 3.399%
TPINX March 9 - 17 -2.34% -$41,761 2.038% 33.047%
JNK March 8 - 16 -2.44% -$37,875 2.933% 42.304%
TPINX May 2 - 5 -1.284% -$22,779 0.639% 8.982%
PTTDX January 27 – February 10 -1.1% -$20,876 -1.43% -3.305%
www.indexstrategyadvisors.com 4

5. Bond Portfolio Hedging Candidates
JNK: May 31 – June 16
www.indexstrategyadvisors.com 5

6. Bond Portfolio Hedging Candidates
VWEHX: May 16 – June 21
www.indexstrategyadvisors.com 6

7. Bond Portfolio Hedging Candidates
TPINX: March 9 - 17
www.indexstrategyadvisors.com 7

8. Bond Portfolio Hedging Candidates
JNK: March 8 - 16
www.indexstrategyadvisors.com 8

9. Bond Portfolio Hedging Candidates
TPINX: May 2 - 5
www.indexstrategyadvisors.com 9

10. Bond Portfolio Hedging Candidates
PTTDX: January 27 – February 10
www.indexstrategyadvisors.com 10

11. Bond Portfolio Direct Exposure to Financial Sector
Reported financial sector allocations in corporate bond holding prospectūs
Holding Exposure Weight within holding Weight within bond portfolio
PTTDX $459,272 24% 4.8%
HABDX $336,988 23% 3.52%
VWEHX $333,651 15% 3.49%
JNK $140,778 9.3% 1.47%
Total $1,270,690 n/a 13.29%
www.indexstrategyadvisors.com 11

12. Financial Exposure Hedging Candidates
>$20k Drawdowns January 1 – July 7
Russell 2000 Index
Position Value chg. Position Value chg. Direxion Daily
Symbol Calendar Period Mini Futures
(%) ($) Financial Bear 3X
(short)
JNK May 31 - June 16 -5.13% -$86,250 6.648% 20.157%
VWEHX May 16 - June 21 -2.21% -$53,877 2.822% 9.577%
TPINX March 9 - 17 -2.34% -$41,761 2.85% 12.20%
JNK March 8 - 16 -2.44% -$37,875 -1.258% 12.220%
TPINX May 2 - 5 -1.284% -$22,779 .073% 5.725%
PTTDX January 27 – February 10 -1.1% -$20,876 -1.43% -3.305%
www.indexstrategyadvisors.com 12

13. Financial Exposure Hedging Candidates
JNK: May 31 – June 16
www.indexstrategyadvisors.com 13

14. Financial Exposure Hedging Candidates
VWEHX: May 16 – June 21
www.indexstrategyadvisors.com 14

15. Financial Exposure Hedging Candidates
TPINX: March 9 - 17
www.indexstrategyadvisors.com 15

16. Financial Exposure Hedging Candidates
JNK: March 8 - 16
www.indexstrategyadvisors.com 16

17. Financial Exposure Hedging Candidates
TPINX: May 2-5
www.indexstrategyadvisors.com 17

18. Financial Exposure Hedging Candidates
PTTDX: January 27 – February 10
www.indexstrategyadvisors.com 18

19. End of hedging candidate analysis
www.indexstrategyadvisors.com 19