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PICIC GROWTH FUND                 ( PGF )
DATE               PGF        KSE        R PGF      R KSE       ER
       31-Jan-05      52.95     6232.5
       28-Feb-05       65.3    6764.31   0.23324   0.08533   0.14791
       30-Mar-05      45.45    8303.32    -0.304   0.22752   -0.5315
       29-Apr-05         45    7606.67   -0.0099   -0.0839     0.074
       31-May-05       46.8    7128.54      0.04   -0.0629   0.10286
       30-Jun-05      53.65    6895.75   0.14637   -0.0327   0.17902
       29-Jul-05       52.4    7489.29   -0.0233   0.08607   -0.1094
       31-Aug-05         50    7217.97   -0.0458   -0.0362   -0.0096
       30-Sep-05      52.45    7802.83     0.049   0.08103    -0.032
       31-Oct-05      55.25    8268.58   0.05338   0.05969   -0.0063
       30-Nov-05         52    8346.11   -0.0588   0.00938   -0.0682
       29-Dec-05      49.75     9078.2   -0.0433   0.08772    -0.131
       31-Jan-06      51.95    9570.05   0.04422   0.05418     -0.01
       28-Feb-06      45.25    10542.9    -0.129   0.10166   -0.2306
       31-Mar-06       41.5    11525.3   -0.0829   0.09318   -0.1761
       28-Apr-06       40.4      11536   -0.0265   0.00092   -0.0274
       31-May-06       34.4    11339.6   -0.1485    -0.017   -0.1315
       30-Jun-06       31.8     9895.4   -0.0756   -0.1274   0.05178
       31-Jul-06       34.6    9959.24   0.08805   0.00645    0.0816
       31-Aug-06      31.15    10489.5   -0.0997   0.05324    -0.153
       29-Sep-06       31.8    10035.6   0.02087   -0.0433   0.06414
       31-Oct-06      31.75    10532.3   -0.0016    0.0495   -0.0511
       30-Nov-06      29.15    11243.3   -0.0819   0.06751   -0.1494
       29-Dec-06         28    10587.9   -0.0395   -0.0583   0.01884
       31-Jan-07         33    10057.7   0.17857   -0.0501   0.22865
       28-Feb-07      33.35    11301.5   0.01061   0.12367   -0.1131
       30-Mar-07       31.4    11196.3   -0.0585   -0.0093   -0.0492
       30-Apr-07      33.35    11282.3    0.0621   0.00768   0.05442
       31-May-07       33.6    12419.2    0.0075   0.10077   -0.0933
       29-Jun-07       34.3    13016.8   0.02083   0.04812   -0.0273
       31-Jul-07       34.9      13830   0.01749   0.06247    -0.045
       31-Aug-07       27.4    13753.4   -0.2149   -0.0055   -0.2094
       28-Sep-07       29.1    12124.7   0.06204   -0.1184   0.18047
       31-Oct-07       29.2    13560.4   0.00344   0.11841    -0.115
       30-Nov-07      28.05    14330.9   -0.0394   0.05682   -0.0962
       31-Dec-07         30    13999.3   0.06952   -0.0231   0.09266
       31-Jan-08       28.1      13633   -0.0633   -0.0262   -0.0372
       29-Feb-08       30.6    14016.1   0.08897   0.02809   0.06087
       31-Mar-08      28.85    14964.6   -0.0572   0.06767   -0.1249
       30-Apr-08      28.33    15114.3    -0.018      0.01    -0.028
       30-May-08         23    15186.8   -0.1881    0.0048   -0.1929
       30-Jun-08      23.77    12088.6   0.03348    -0.204   0.23749
       31-Jul-08      18.21    12212.8   -0.2339   0.01028   -0.2442
       29-Aug-08      14.97    10498.1   -0.1779   -0.1404   -0.0375
24-Sep-08     14.97   9207.87         0   -0.1229   0.12291
        6-Oct-08     14.97   9179.68         0   -0.0031   0.00306
        4-Nov-08     14.97   9182.88         0   0.00035   -0.0004
       31-Dec-08      5.36    9187.1    -0.642   0.00046   -0.6424
       30-Jan-09      7.25   5753.16   0.35261   -0.3738   0.72639
       27-Feb-09      7.19   5373.38   -0.0083    -0.066   0.05774
       31-Mar-09       8.8   5730.21   0.22392   0.06641   0.15752
       30-Apr-09      9.51   6907.74   0.08068    0.2055   -0.1248
       29-May-09      9.19   7222.85   -0.0337   0.04562   -0.0793
       30-Jun-09      8.45   7289.14   -0.0805   0.00918   -0.0897
       31-Jul-09     10.71   7174.47   0.26746   -0.0157   0.28319
       31-Aug-09     11.17   7748.95   0.04295   0.08007   -0.0371
       30-Sep-09     14.42   8737.98   0.29096   0.12763   0.16332
       30-Oct-09     16.41   9380.49     0.138   0.07353   0.06447
       26-Nov-09        14    9182.4   -0.1469   -0.0211   -0.1257
       31-Dec-09     14.38    9136.6   0.02714    -0.005   0.03213

AVERAGE RETURN                         -0.0081 0.01127

STANDARD DEVIATION                                         0.18745

INFORMATION RATIO                      -0.1034

ANNULIZED INFORMATION RATIO                      -0.3583
ASIAN STOCK FUND LIMITED ( ASFL )
DATE               ASFL           KSE        R ASFL    R KSE     ER
       31-Jan-05           10.5     6232.5
       25-Feb-05           10.5    6764.31         0   0.08533   -0.0853
       29-Mar-05            8.6    8303.32    -0.181   0.22752   -0.4085
       28-Apr-05           8.25    7606.67   -0.0407   -0.0839    0.0432
       30-May-05           8.15    7128.54   -0.0121   -0.0629   0.05074
       30-Jun-05          10.65    6895.75   0.30675   -0.0327   0.33941
       26-Jul-05          10.25    7489.29   -0.0376   0.08607   -0.1236
       31-Aug-05             10    7217.97   -0.0244   -0.0362   0.01184
       29-Sep-05             11    7802.83       0.1   0.08103   0.01897
       19-Oct-05           10.8    8268.58   -0.0182   0.05969   -0.0779
       30-Nov-05            9.7    8346.11   -0.1019   0.00938   -0.1112
       29-Dec-05           9.95     9078.2   0.02577   0.08772   -0.0619
       31-Jan-06             10    9570.05   0.00503   0.05418   -0.0492
       24-Feb-06            7.5    10542.9     -0.25   0.10166   -0.3517
        8-Mar-06              8    11525.3   0.06667   0.09318   -0.0265
       26-Apr-06              9      11536     0.125   0.00092   0.12408
       22-May-06           8.95    11339.6   -0.0056    -0.017   0.01147
       17-Jun-06           8.95     9895.4         0   -0.1274   0.12736
       13-Jul-06           8.95    9959.24         0   0.00645   -0.0065
        8-Aug-06              8    10489.5   -0.1062   0.05324   -0.1594
       21-Sep-06              7    10035.6    -0.125   -0.0433   -0.0817
        9-Oct-06              6    10532.3   -0.1429    0.0495   -0.1924
       30-Nov-06            5.8    11243.3   -0.0333   0.06751   -0.1008
       29-Dec-06            5.5    10587.9   -0.0517   -0.0583   0.00657
       22-Jan-07           4.95    10057.7      -0.1   -0.0501   -0.0499
       20-Feb-07            5.9    11301.5   0.19192   0.12367   0.06825
       29-Mar-07              6    11196.3   0.01695   -0.0093   0.02626
        3-May-07              6    11282.3         0   0.00768   -0.0077
       31-May-07           5.05    12419.2   -0.1583   0.10077   -0.2591
       28-Jun-07           4.65    13016.8   -0.0792   0.04812   -0.1273
       26-Jul-07            4.8      13830   0.03226   0.06247   -0.0302
       30-Aug-07            3.1    13753.4   -0.3542   -0.0055   -0.3486
       28-Sep-07              4    12124.7   0.29032   -0.1184   0.40874
       25-Oct-07           5.35    13560.4    0.3375   0.11841   0.21909
       29-Nov-07            5.4    14330.9   0.00935   0.05682   -0.0475
       24-Dec-07            7.2    13999.3   0.33333   -0.0231   0.35647
       30-Jan-08            6.5      13633   -0.0972   -0.0262   -0.0711
       28-Feb-08            5.8    14016.1   -0.1077   0.02809   -0.1358
       20-Mar-08           5.75    14964.6   -0.0086   0.06767   -0.0763
       21-Apr-08            5.5    15114.3   -0.0435      0.01   -0.0535
       19-May-08            5.2    15186.8   -0.0546    0.0048   -0.0594
       27-Jun-08            5.7    12088.6   0.09615    -0.204   0.30016
        4-Jul-08            5.7    12212.8         0   0.01028   -0.0103
        8-Aug-08            5.7    10498.1         0   -0.1404    0.1404
13-Sep-08               5.7   9207.87         0   -0.1229   0.12291
       21-Oct-08              6.17   9179.68   0.08246   -0.0031   0.08552
       24-Nov-08              6.17   9182.88         0   0.00035   -0.0004
       28-Dec-08               2.5    9187.1   -0.5948   0.00046   -0.5953
       31-Jan-09               2.5   5753.16         0   -0.3738   0.37378
        1-Feb-09               2.5   5373.38         0    -0.066   0.06601
       31-Mar-09               2.5   5730.21         0   0.06641   -0.0664
        1-Apr-09              4.87   6907.74     0.948    0.2055   0.74251
        6-May-09              4.87   7222.85         0   0.04562   -0.0456
       29-Jun-09              4.87   7289.14         0   0.00918   -0.0092
       27-Jul-09              1.92   7174.47   -0.6058   -0.0157     -0.59
       31-Aug-09              2.43   7748.95   0.26563   0.08007   0.18555
       30-Sep-09              5.19   8737.98    1.1358   0.12763   1.00817
       29-Oct-09              2.62   9380.49   -0.4952   0.07353   -0.5687
       16-Nov-09              1.83    9182.4   -0.3015   -0.0211   -0.2804
       31-Dec-09               3.2    9136.6   0.74863    -0.005   0.75362

AVERAGE RETURN                                 0.01672 0.01127
STANDARD DEVIATION                                                 0.28525

INFORMATION RATIO                              0.01913

ANNULIZED INFORMATION RATIO                              0.06627
SAFEWAY MUTUAL FUND ( SFWF )
            SFWF       KSE_PRICER_SFWF     R_KSE     ER
27-Jan-05       23.2     6232.5
24-Feb-05         23    6764.31 -0.0086    0.08533    -0.094
28-Mar-05       19.9    8303.32 -0.1348    0.22752   -0.3623
28-Apr-05       19.8    7606.67   -0.005   -0.0839   0.07888
26-May-05       20.8    7128.54 0.05051    -0.0629   0.11336
30-Jun-05      24.85    6895.75 0.19471    -0.0327   0.22737
21-Jul-05         19    7489.29 -0.2354    0.08607   -0.3215
30-Aug-05         19    7217.97        0   -0.0362   0.03623
27-Sep-05       19.5    7802.83 0.02632    0.08103   -0.0547
21-Oct-05       19.5    8268.58        0   0.05969   -0.0597
30-Nov-05      15.65    8346.11 -0.1974    0.00938   -0.2068
29-Dec-05         16     9078.2 0.02236    0.08772   -0.0654
26-Jan-06         15    9570.05 -0.0625    0.05418   -0.1167
24-Feb-06       15.7    10542.9 0.04667    0.10166    -0.055
30-Mar-06       14.9    11525.3   -0.051   0.09318   -0.1441
27-Apr-06         14      11536 -0.0604    0.00092   -0.0613
30-May-06       13.1    11339.6 -0.0643     -0.017   -0.0473
 5-Jun-08         13     9895.4 -0.0076    -0.1274   0.11973
26-Jul-06       12.5    9959.24 -0.0385    0.00645   -0.0449
 7-Aug-06      11.95    10489.5   -0.044   0.05324   -0.0972
15-Sep-06      11.95    10035.6        0   -0.0433   0.04327
31-Oct-06         12    10532.3 0.00418     0.0495   -0.0453
17-Nov-06        9.1    11243.3 -0.2417    0.06751   -0.3092
29-Dec-06        6.8    10587.9 -0.2528    -0.0583   -0.1945
31-Jan-07       6.35    10057.7 -0.0662    -0.0501   -0.0161
21-Feb-07       6.55    11301.5   0.0315   0.12367   -0.0922
29-Mar-07        7.5    11196.3 0.14504    -0.0093   0.15435
25-Apr-07       7.75    11282.3 0.03333    0.00768   0.02565
28-May-07       8.05    12419.2 0.03871    0.10077   -0.0621
28-Jun-07      11.15    13016.8 0.38509    0.04812   0.33698
31-Jul-07         13      13830 0.16592    0.06247   0.10345
29-Aug-07         10    13753.4 -0.2308    -0.0055   -0.2252
28-Sep-07       10.5    12124.7     0.05   -0.1184   0.16842
11-Oct-07       10.9    13560.4   0.0381   0.11841   -0.0803
27-Nov-07        9.7    14330.9 -0.1101    0.05682   -0.1669
31-Dec-07       11.5    13999.3 0.18557    -0.0231   0.20871
24-Jan-08       11.5      13633        0   -0.0262   0.02616
27-Feb-08       11.7    14016.1 0.01739    0.02809   -0.0107
10-Mar-08       12.4    14964.6 0.05983    0.06767   -0.0078
24-Apr-08       12.9    15114.3 0.04032       0.01   0.03032
26-May-08         12    15186.8 -0.0698     0.0048   -0.0746
27-Jun-08       11.9    12088.6 -0.0083     -0.204   0.19567
29-Jul-08       12.2    12212.8 0.02521    0.01028   0.01493
30-Aug-08       12.5    10498.1 0.02459    -0.1404   0.16499
10-Sep-08        13   9207.87      0.04   -0.1229   0.16291
15-Oct-08        13   9179.68         0   -0.0031   0.00306
30-Nov-08      12.6   9182.88   -0.0308   0.00035   -0.0311
12-Dec-08        12    9187.1   -0.0476   0.00046   -0.0481
15-Jan-09      11.5   5753.16   -0.0417   -0.3738   0.33211
 6-Feb-09        11   5373.38   -0.0435    -0.066   0.02253
 2-Mar-09      10.5   5730.21   -0.0455   0.06641   -0.1119
17-Apr-09       9.6   6907.74   -0.0857    0.2055   -0.2912
28-May-09      8.75   7222.85   -0.0885   0.04562   -0.1342
29-Jun-09      9.75   7289.14   0.11429   0.00918   0.10511
29-Jul-09       8.9   7174.47   -0.0872   -0.0157   -0.0715
31-Aug-09       5.5   7748.95    -0.382   0.08007   -0.4621
30-Sep-09      8.28   8737.98   0.50546   0.12763   0.37782
29-Oct-09      6.31   9380.49   -0.2379   0.07353   -0.3115
26-Nov-09      5.04    9182.4   -0.2013   -0.0211   -0.1802
31-Dec-09      6.02    9136.6   0.19444    -0.005   0.19943



            AVERAGE RETURN     -0.0126 0.01127
            STANDARD DEVIATION                 0.17276

            INFORMATION RATIO -0.1379
            ANNUALIZED INFORMATION RATIO
                              -0.4778
INTERFUND MOD ( FIFM )
            FIFM      KSE        R_FIFM    R_KSE     ER
31-Jan-05       1.1     6232.5
28-Feb-05       1.1    6764.31         0   0.08533   -0.08533
28-Mar-05       1.2    8303.32   0.09091   0.22752   -0.13661
27-Apr-05         1    7606.67   -0.1667   -0.0839   -0.08277
31-May-05       1.2    7128.54       0.2   -0.0629   0.262857
23-Jun-05      0.55    6895.75   -0.5417   -0.0327   -0.50901
15-Jul-05      0.75    7489.29   0.36364   0.08607   0.277563
30-Aug-05      0.55    7217.97   -0.2667   -0.0362   -0.23044
19-Sep-05         1    7802.83   0.81818   0.08103   0.737153
12-Oct-05       0.7    8268.58      -0.3   0.05969   -0.35969
16-Nov-05       0.5    8346.11   -0.2857   0.00938   -0.29509
29-Dec-05         1     9078.2         1   0.08772   0.912284
 4-Jan-06       0.7    9570.05      -0.3   0.05418   -0.35418
10-Feb-06       0.9    10542.9   0.28571   0.10166   0.184057
25-Mar-06       0.5    11525.3   -0.4444   0.09318   -0.53763
 4-Apr-06       0.5      11536         0   0.00092   -0.00092
 7-May-06      0.55    11339.6       0.1    -0.017   0.117021
19-Jun-06      0.95     9895.4   0.72727   -0.1274   0.854634
 7-Jul-06       0.7    9959.24   -0.2632   0.00645   -0.26961
 1-Aug-06       0.8    10489.5   0.14286   0.05324   0.089616
13-Sep-06       0.5    10035.6    -0.375   -0.0433   -0.33173
26-Oct-06       0.5    10532.3         0    0.0495   -0.04949
12-Nov-06       0.6    11243.3       0.2   0.06751   0.132492
 5-Dec-06      0.25    10587.9   -0.5833   -0.0583   -0.52504
 4-Jan-07       0.7    10057.7       1.8   -0.0501   1.850078
 7-Feb-07      0.35    11301.5      -0.5   0.12367   -0.62367
13-Mar-07       0.9    11196.3   1.57143   -0.0093   1.580741
16-Apr-07       0.9    11282.3         0   0.00768   -0.00768
21-May-07      0.55    12419.2   -0.3889   0.10077   -0.48966
24-Jun-07      0.95    13016.8   0.72727   0.04812   0.679154
23-Jul-07       0.5      13830   -0.4737   0.06247   -0.53616
29-Aug-07      1.65    13753.4       2.3   -0.0055   2.305538
9/21/2007       0.8    12124.7   -0.5152   -0.1184   -0.39673
 5-Oct-07       0.2    13560.4     -0.75   0.11841   -0.86841
30-Nov-07       0.3    14330.9       0.5   0.05682   0.443178
17-Dec-07       0.9    13999.3         2   -0.0231   2.023139
30-Jan-08      0.85      13633   -0.0556   -0.0262   -0.02939
14-Feb-08      0.85    14016.1         0   0.02809   -0.02809
 4-Mar-08       0.8    14964.6   -0.0588   0.06767    -0.1265
21-Apr-08      0.75    15114.3   -0.0625      0.01    -0.0725
29-May-08       0.3    15186.8      -0.6    0.0048    -0.6048
12-Jun-08       0.2    12088.6   -0.3333    -0.204   -0.12933
17-Jul-08       0.4    12212.8         1   0.01028   0.989724
21-Aug-08      0.45    10498.1     0.125   -0.1404   0.265399
25-Sep-08       0.9   9207.87       1 -0.1229 1.122905
30-Oct-08       0.9   9179.68       0 -0.0031 0.003062
13-Nov-08      0.06   9182.88 -0.9333 0.00035 -0.93368
 4-Dec-08      0.06    9187.1       0 0.00046 -0.00046
 4-Jan-09      0.05   5753.16 -0.1667 -0.3738 0.207112
 5-Feb-09      0.05   5373.38       0  -0.066 0.066012
25-Mar-09      0.06   5730.21     0.2 0.06641 0.133593
 9-Apr-09      0.06   6907.74       0  0.2055 -0.2055
 9-May-09      0.06   7222.85       0 0.04562 -0.04562
 8-Jun-09      0.06   7289.14       0 0.00918 -0.00918
 4-Jul-09      0.06   7174.47       0 -0.0157 0.015732
25-Aug-09      0.06   7748.95       0 0.08007 -0.08007
20-Sep-09      0.06   8737.98       0 0.12763 -0.12763
16-Oct-09      0.06   9380.49       0 0.07353 -0.07353
11-Nov-09      0.06    9182.4       0 -0.0211 0.021117
 7-Dec-09       0.1    9136.6 0.66667  -0.005 0.671654



            AVERAGE RETURN     0.12635 0.01127
            STANDARD DEVIATION                 0.656189

            INFORMATION RATIO 0.17538
            ANNULIZED INFORMATION RATIO
                              0.60752
AL MEEZAN MUTUAL FUND ( AMMF )
DATE        PRICE    KSE_PRICER_AMMF R_KSE   ER
   1/7/2005    12.95 6232.5
   2/8/2005       13 6764.31 0.00386 0.08533 -0.0815
   3/1/2005     14.6 8303.32 0.12308 0.22752 -0.1044
  4/11/2005     10.5 7606.67 -0.2808 -0.0839 -0.1969
   5/2/2005    10.05 7128.54 -0.0429 -0.0629     0.02
  6/10/2005     10.7 6895.75 0.06468 -0.0327 0.09733
   7/4/2005    10.35 7489.29 -0.0327 0.08607 -0.1188
   8/1/2005     10.5 7217.97 0.01449 -0.0362 0.05072
   9/8/2005    10.05 7802.83 -0.0429 0.08103 -0.1239
  10/7/2005     10.9 8268.58 0.08458 0.05969 0.02489
  11/8/2005    11.65 8346.11 0.06881 0.00938 0.05943
  12/1/2005    12.45 9078.2 0.06867 0.08772 -0.0191
   1/9/2006     13.9 9570.05 0.11647 0.05418 0.06229
   2/1/2006       15 10542.9 0.07914 0.10166 -0.0225
   3/9/2006     14.3 11525.3 -0.0467 0.09318 -0.1399
  4/19/2006    15.65    11536 0.09441 0.00092 0.09348
   5/8/2006    15.65 11339.6        0 -0.017 0.01702
   6/7/2006       15 9895.4 -0.0415 -0.1274 0.08583
   7/3/2006     14.9 9959.24 -0.0067 0.00645 -0.0131
   8/4/2006    14.85 10489.5 -0.0034 0.05324 -0.0566
   9/5/2006    15.15 10035.6 0.0202 -0.0433 0.06347
  10/2/2006     12.1 10532.3 -0.2013 0.0495 -0.2508
  11/6/2006    12.35 11243.3 0.02066 0.06751 -0.0469
  12/5/2006     12.3 10587.9 -0.0041 -0.0583 0.05424
   1/3/2007    12.85 10057.7 0.04472 -0.0501 0.09479
   2/9/2007    12.35 11301.5 -0.0389 0.12367 -0.1626
   3/6/2007     11.6 11196.3 -0.0607 -0.0093 -0.0514
   4/4/2007     12.8 11282.3 0.10345 0.00768 0.09577
  5/10/2007       13 12419.2 0.01563 0.10077 -0.0851
   6/1/2007    14.75 13016.8 0.13462 0.04812 0.0865
  7/10/2007    14.95    13830 0.01356 0.06247 -0.0489
   8/1/2007     15.4 13753.4 0.0301 -0.0055 0.03564
   9/6/2007    11.15 12124.7 -0.276 -0.1184 -0.1576
  10/5/2007     12.7 13560.4 0.13901 0.11841 0.0206
 11/12/2007    12.85 14330.9 0.01181 0.05682 -0.045
  12/3/2007    12.95 13999.3 0.00778 -0.0231 0.03092
   1/4/2008    12.95    13633       0 -0.0262 0.02616
  2/11/2008     12.6 14016.1 -0.027 0.02809 -0.0551
   3/7/2008    12.85 14964.6 0.01984 0.06767 -0.0478
  4/11/2008     12.8 15114.3 -0.0039     0.01 -0.0139
   5/2/2008    13.05 15186.8 0.01953 0.0048 0.01473
   6/4/2008    12.05 12088.6 -0.0766 -0.204 0.12738
   7/4/2008     13.7 12212.8 0.13693 0.01028 0.12665
   8/7/2008        8 10498.1 -0.4161 -0.1404 -0.2757
9/5/2008       8.15   9207.87   0.01875   -0.1229   0.14166
 10/8/2008          8   9179.68   -0.0184   -0.0031   -0.0153
 16-Nov-08          7   9182.88    -0.125   0.00035   -0.1254
12/17/2008          6    9187.1   -0.1429   0.00046   -0.1433
  1/6/2009       5.09   5753.16   -0.1517   -0.3738   0.22211
 2/18/2009       4.19   5373.38   -0.1768    -0.066   -0.1108
 3/17/2009        3.9   5730.21   -0.0692   0.06641   -0.1356
  4/3/2009       5.29   6907.74   0.35641    0.2055   0.15092
  5/4/2009        4.9   7222.85   -0.0737   0.04562   -0.1193
  6/8/2009       4.85   7289.14   -0.0102   0.00918   -0.0194
  7/1/2009        5.2   7174.47   0.07217   -0.0157    0.0879
 8/11/2009        5.3   7748.95   0.01923   0.08007   -0.0608
  9/3/2009       6.24   8737.98   0.17736   0.12763   0.04972
 10/7/2009       6.24   9380.49         0   0.07353   -0.0735
11/13/2009       7.15    9182.4   0.14583   -0.0211   0.16695
 12/4/2009        6.4    9136.6   -0.1049    -0.005   -0.0999



AVERAGE RETURN                    -0.0042 0.01127

STANDARD DEVIATION                                    0.10538

INFORMATION RATIO                  -0.147

ANNULIZED INFORMATION RATIO                 -0.5091
FINDINGS
                FINDINGS
                RANKING OF MUTUAL FUND
                                                   R
                                          R        Square
                          ANNULIZED INFORMATION d %
    MUTUAL FUND INFORMATION RATIO RANKING Squared RATIO

1   AMMF          -0.14697 -0.5091       5   0.283797   28.30%
2   SFWF          -0.13972 -0.4778       4   0.000286   0.03%
3   PGF            -0.1344 -0.3583       3   0.019655   1.96%
4   FIFM           0.17535 0.60752       1   0.002561   0.25%
5   ASFL          0.019129 0.06627       2   0.025562   2.25%
FINDINGS
   RANKING BASED ON R SQUARED VALUES
R Squared    Ranking Criteria
                                Ranking
             80% and above            4
  28.30%          1
             60%_80%                  0
  0.03%                2
             40%_60%                  5
  1.96%                3
             20%_40%                  0
  0.25%                4
             1%_20%                   5
  2.25%                    5
            _ 0% and below
                    0                     _

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Data calculation of_thesis_2011

  • 1. PICIC GROWTH FUND ( PGF ) DATE PGF KSE R PGF R KSE ER 31-Jan-05 52.95 6232.5 28-Feb-05 65.3 6764.31 0.23324 0.08533 0.14791 30-Mar-05 45.45 8303.32 -0.304 0.22752 -0.5315 29-Apr-05 45 7606.67 -0.0099 -0.0839 0.074 31-May-05 46.8 7128.54 0.04 -0.0629 0.10286 30-Jun-05 53.65 6895.75 0.14637 -0.0327 0.17902 29-Jul-05 52.4 7489.29 -0.0233 0.08607 -0.1094 31-Aug-05 50 7217.97 -0.0458 -0.0362 -0.0096 30-Sep-05 52.45 7802.83 0.049 0.08103 -0.032 31-Oct-05 55.25 8268.58 0.05338 0.05969 -0.0063 30-Nov-05 52 8346.11 -0.0588 0.00938 -0.0682 29-Dec-05 49.75 9078.2 -0.0433 0.08772 -0.131 31-Jan-06 51.95 9570.05 0.04422 0.05418 -0.01 28-Feb-06 45.25 10542.9 -0.129 0.10166 -0.2306 31-Mar-06 41.5 11525.3 -0.0829 0.09318 -0.1761 28-Apr-06 40.4 11536 -0.0265 0.00092 -0.0274 31-May-06 34.4 11339.6 -0.1485 -0.017 -0.1315 30-Jun-06 31.8 9895.4 -0.0756 -0.1274 0.05178 31-Jul-06 34.6 9959.24 0.08805 0.00645 0.0816 31-Aug-06 31.15 10489.5 -0.0997 0.05324 -0.153 29-Sep-06 31.8 10035.6 0.02087 -0.0433 0.06414 31-Oct-06 31.75 10532.3 -0.0016 0.0495 -0.0511 30-Nov-06 29.15 11243.3 -0.0819 0.06751 -0.1494 29-Dec-06 28 10587.9 -0.0395 -0.0583 0.01884 31-Jan-07 33 10057.7 0.17857 -0.0501 0.22865 28-Feb-07 33.35 11301.5 0.01061 0.12367 -0.1131 30-Mar-07 31.4 11196.3 -0.0585 -0.0093 -0.0492 30-Apr-07 33.35 11282.3 0.0621 0.00768 0.05442 31-May-07 33.6 12419.2 0.0075 0.10077 -0.0933 29-Jun-07 34.3 13016.8 0.02083 0.04812 -0.0273 31-Jul-07 34.9 13830 0.01749 0.06247 -0.045 31-Aug-07 27.4 13753.4 -0.2149 -0.0055 -0.2094 28-Sep-07 29.1 12124.7 0.06204 -0.1184 0.18047 31-Oct-07 29.2 13560.4 0.00344 0.11841 -0.115 30-Nov-07 28.05 14330.9 -0.0394 0.05682 -0.0962 31-Dec-07 30 13999.3 0.06952 -0.0231 0.09266 31-Jan-08 28.1 13633 -0.0633 -0.0262 -0.0372 29-Feb-08 30.6 14016.1 0.08897 0.02809 0.06087 31-Mar-08 28.85 14964.6 -0.0572 0.06767 -0.1249 30-Apr-08 28.33 15114.3 -0.018 0.01 -0.028 30-May-08 23 15186.8 -0.1881 0.0048 -0.1929 30-Jun-08 23.77 12088.6 0.03348 -0.204 0.23749 31-Jul-08 18.21 12212.8 -0.2339 0.01028 -0.2442 29-Aug-08 14.97 10498.1 -0.1779 -0.1404 -0.0375
  • 2. 24-Sep-08 14.97 9207.87 0 -0.1229 0.12291 6-Oct-08 14.97 9179.68 0 -0.0031 0.00306 4-Nov-08 14.97 9182.88 0 0.00035 -0.0004 31-Dec-08 5.36 9187.1 -0.642 0.00046 -0.6424 30-Jan-09 7.25 5753.16 0.35261 -0.3738 0.72639 27-Feb-09 7.19 5373.38 -0.0083 -0.066 0.05774 31-Mar-09 8.8 5730.21 0.22392 0.06641 0.15752 30-Apr-09 9.51 6907.74 0.08068 0.2055 -0.1248 29-May-09 9.19 7222.85 -0.0337 0.04562 -0.0793 30-Jun-09 8.45 7289.14 -0.0805 0.00918 -0.0897 31-Jul-09 10.71 7174.47 0.26746 -0.0157 0.28319 31-Aug-09 11.17 7748.95 0.04295 0.08007 -0.0371 30-Sep-09 14.42 8737.98 0.29096 0.12763 0.16332 30-Oct-09 16.41 9380.49 0.138 0.07353 0.06447 26-Nov-09 14 9182.4 -0.1469 -0.0211 -0.1257 31-Dec-09 14.38 9136.6 0.02714 -0.005 0.03213 AVERAGE RETURN -0.0081 0.01127 STANDARD DEVIATION 0.18745 INFORMATION RATIO -0.1034 ANNULIZED INFORMATION RATIO -0.3583
  • 3. ASIAN STOCK FUND LIMITED ( ASFL ) DATE ASFL KSE R ASFL R KSE ER 31-Jan-05 10.5 6232.5 25-Feb-05 10.5 6764.31 0 0.08533 -0.0853 29-Mar-05 8.6 8303.32 -0.181 0.22752 -0.4085 28-Apr-05 8.25 7606.67 -0.0407 -0.0839 0.0432 30-May-05 8.15 7128.54 -0.0121 -0.0629 0.05074 30-Jun-05 10.65 6895.75 0.30675 -0.0327 0.33941 26-Jul-05 10.25 7489.29 -0.0376 0.08607 -0.1236 31-Aug-05 10 7217.97 -0.0244 -0.0362 0.01184 29-Sep-05 11 7802.83 0.1 0.08103 0.01897 19-Oct-05 10.8 8268.58 -0.0182 0.05969 -0.0779 30-Nov-05 9.7 8346.11 -0.1019 0.00938 -0.1112 29-Dec-05 9.95 9078.2 0.02577 0.08772 -0.0619 31-Jan-06 10 9570.05 0.00503 0.05418 -0.0492 24-Feb-06 7.5 10542.9 -0.25 0.10166 -0.3517 8-Mar-06 8 11525.3 0.06667 0.09318 -0.0265 26-Apr-06 9 11536 0.125 0.00092 0.12408 22-May-06 8.95 11339.6 -0.0056 -0.017 0.01147 17-Jun-06 8.95 9895.4 0 -0.1274 0.12736 13-Jul-06 8.95 9959.24 0 0.00645 -0.0065 8-Aug-06 8 10489.5 -0.1062 0.05324 -0.1594 21-Sep-06 7 10035.6 -0.125 -0.0433 -0.0817 9-Oct-06 6 10532.3 -0.1429 0.0495 -0.1924 30-Nov-06 5.8 11243.3 -0.0333 0.06751 -0.1008 29-Dec-06 5.5 10587.9 -0.0517 -0.0583 0.00657 22-Jan-07 4.95 10057.7 -0.1 -0.0501 -0.0499 20-Feb-07 5.9 11301.5 0.19192 0.12367 0.06825 29-Mar-07 6 11196.3 0.01695 -0.0093 0.02626 3-May-07 6 11282.3 0 0.00768 -0.0077 31-May-07 5.05 12419.2 -0.1583 0.10077 -0.2591 28-Jun-07 4.65 13016.8 -0.0792 0.04812 -0.1273 26-Jul-07 4.8 13830 0.03226 0.06247 -0.0302 30-Aug-07 3.1 13753.4 -0.3542 -0.0055 -0.3486 28-Sep-07 4 12124.7 0.29032 -0.1184 0.40874 25-Oct-07 5.35 13560.4 0.3375 0.11841 0.21909 29-Nov-07 5.4 14330.9 0.00935 0.05682 -0.0475 24-Dec-07 7.2 13999.3 0.33333 -0.0231 0.35647 30-Jan-08 6.5 13633 -0.0972 -0.0262 -0.0711 28-Feb-08 5.8 14016.1 -0.1077 0.02809 -0.1358 20-Mar-08 5.75 14964.6 -0.0086 0.06767 -0.0763 21-Apr-08 5.5 15114.3 -0.0435 0.01 -0.0535 19-May-08 5.2 15186.8 -0.0546 0.0048 -0.0594 27-Jun-08 5.7 12088.6 0.09615 -0.204 0.30016 4-Jul-08 5.7 12212.8 0 0.01028 -0.0103 8-Aug-08 5.7 10498.1 0 -0.1404 0.1404
  • 4. 13-Sep-08 5.7 9207.87 0 -0.1229 0.12291 21-Oct-08 6.17 9179.68 0.08246 -0.0031 0.08552 24-Nov-08 6.17 9182.88 0 0.00035 -0.0004 28-Dec-08 2.5 9187.1 -0.5948 0.00046 -0.5953 31-Jan-09 2.5 5753.16 0 -0.3738 0.37378 1-Feb-09 2.5 5373.38 0 -0.066 0.06601 31-Mar-09 2.5 5730.21 0 0.06641 -0.0664 1-Apr-09 4.87 6907.74 0.948 0.2055 0.74251 6-May-09 4.87 7222.85 0 0.04562 -0.0456 29-Jun-09 4.87 7289.14 0 0.00918 -0.0092 27-Jul-09 1.92 7174.47 -0.6058 -0.0157 -0.59 31-Aug-09 2.43 7748.95 0.26563 0.08007 0.18555 30-Sep-09 5.19 8737.98 1.1358 0.12763 1.00817 29-Oct-09 2.62 9380.49 -0.4952 0.07353 -0.5687 16-Nov-09 1.83 9182.4 -0.3015 -0.0211 -0.2804 31-Dec-09 3.2 9136.6 0.74863 -0.005 0.75362 AVERAGE RETURN 0.01672 0.01127 STANDARD DEVIATION 0.28525 INFORMATION RATIO 0.01913 ANNULIZED INFORMATION RATIO 0.06627
  • 5. SAFEWAY MUTUAL FUND ( SFWF ) SFWF KSE_PRICER_SFWF R_KSE ER 27-Jan-05 23.2 6232.5 24-Feb-05 23 6764.31 -0.0086 0.08533 -0.094 28-Mar-05 19.9 8303.32 -0.1348 0.22752 -0.3623 28-Apr-05 19.8 7606.67 -0.005 -0.0839 0.07888 26-May-05 20.8 7128.54 0.05051 -0.0629 0.11336 30-Jun-05 24.85 6895.75 0.19471 -0.0327 0.22737 21-Jul-05 19 7489.29 -0.2354 0.08607 -0.3215 30-Aug-05 19 7217.97 0 -0.0362 0.03623 27-Sep-05 19.5 7802.83 0.02632 0.08103 -0.0547 21-Oct-05 19.5 8268.58 0 0.05969 -0.0597 30-Nov-05 15.65 8346.11 -0.1974 0.00938 -0.2068 29-Dec-05 16 9078.2 0.02236 0.08772 -0.0654 26-Jan-06 15 9570.05 -0.0625 0.05418 -0.1167 24-Feb-06 15.7 10542.9 0.04667 0.10166 -0.055 30-Mar-06 14.9 11525.3 -0.051 0.09318 -0.1441 27-Apr-06 14 11536 -0.0604 0.00092 -0.0613 30-May-06 13.1 11339.6 -0.0643 -0.017 -0.0473 5-Jun-08 13 9895.4 -0.0076 -0.1274 0.11973 26-Jul-06 12.5 9959.24 -0.0385 0.00645 -0.0449 7-Aug-06 11.95 10489.5 -0.044 0.05324 -0.0972 15-Sep-06 11.95 10035.6 0 -0.0433 0.04327 31-Oct-06 12 10532.3 0.00418 0.0495 -0.0453 17-Nov-06 9.1 11243.3 -0.2417 0.06751 -0.3092 29-Dec-06 6.8 10587.9 -0.2528 -0.0583 -0.1945 31-Jan-07 6.35 10057.7 -0.0662 -0.0501 -0.0161 21-Feb-07 6.55 11301.5 0.0315 0.12367 -0.0922 29-Mar-07 7.5 11196.3 0.14504 -0.0093 0.15435 25-Apr-07 7.75 11282.3 0.03333 0.00768 0.02565 28-May-07 8.05 12419.2 0.03871 0.10077 -0.0621 28-Jun-07 11.15 13016.8 0.38509 0.04812 0.33698 31-Jul-07 13 13830 0.16592 0.06247 0.10345 29-Aug-07 10 13753.4 -0.2308 -0.0055 -0.2252 28-Sep-07 10.5 12124.7 0.05 -0.1184 0.16842 11-Oct-07 10.9 13560.4 0.0381 0.11841 -0.0803 27-Nov-07 9.7 14330.9 -0.1101 0.05682 -0.1669 31-Dec-07 11.5 13999.3 0.18557 -0.0231 0.20871 24-Jan-08 11.5 13633 0 -0.0262 0.02616 27-Feb-08 11.7 14016.1 0.01739 0.02809 -0.0107 10-Mar-08 12.4 14964.6 0.05983 0.06767 -0.0078 24-Apr-08 12.9 15114.3 0.04032 0.01 0.03032 26-May-08 12 15186.8 -0.0698 0.0048 -0.0746 27-Jun-08 11.9 12088.6 -0.0083 -0.204 0.19567 29-Jul-08 12.2 12212.8 0.02521 0.01028 0.01493 30-Aug-08 12.5 10498.1 0.02459 -0.1404 0.16499
  • 6. 10-Sep-08 13 9207.87 0.04 -0.1229 0.16291 15-Oct-08 13 9179.68 0 -0.0031 0.00306 30-Nov-08 12.6 9182.88 -0.0308 0.00035 -0.0311 12-Dec-08 12 9187.1 -0.0476 0.00046 -0.0481 15-Jan-09 11.5 5753.16 -0.0417 -0.3738 0.33211 6-Feb-09 11 5373.38 -0.0435 -0.066 0.02253 2-Mar-09 10.5 5730.21 -0.0455 0.06641 -0.1119 17-Apr-09 9.6 6907.74 -0.0857 0.2055 -0.2912 28-May-09 8.75 7222.85 -0.0885 0.04562 -0.1342 29-Jun-09 9.75 7289.14 0.11429 0.00918 0.10511 29-Jul-09 8.9 7174.47 -0.0872 -0.0157 -0.0715 31-Aug-09 5.5 7748.95 -0.382 0.08007 -0.4621 30-Sep-09 8.28 8737.98 0.50546 0.12763 0.37782 29-Oct-09 6.31 9380.49 -0.2379 0.07353 -0.3115 26-Nov-09 5.04 9182.4 -0.2013 -0.0211 -0.1802 31-Dec-09 6.02 9136.6 0.19444 -0.005 0.19943 AVERAGE RETURN -0.0126 0.01127 STANDARD DEVIATION 0.17276 INFORMATION RATIO -0.1379 ANNUALIZED INFORMATION RATIO -0.4778
  • 7. INTERFUND MOD ( FIFM ) FIFM KSE R_FIFM R_KSE ER 31-Jan-05 1.1 6232.5 28-Feb-05 1.1 6764.31 0 0.08533 -0.08533 28-Mar-05 1.2 8303.32 0.09091 0.22752 -0.13661 27-Apr-05 1 7606.67 -0.1667 -0.0839 -0.08277 31-May-05 1.2 7128.54 0.2 -0.0629 0.262857 23-Jun-05 0.55 6895.75 -0.5417 -0.0327 -0.50901 15-Jul-05 0.75 7489.29 0.36364 0.08607 0.277563 30-Aug-05 0.55 7217.97 -0.2667 -0.0362 -0.23044 19-Sep-05 1 7802.83 0.81818 0.08103 0.737153 12-Oct-05 0.7 8268.58 -0.3 0.05969 -0.35969 16-Nov-05 0.5 8346.11 -0.2857 0.00938 -0.29509 29-Dec-05 1 9078.2 1 0.08772 0.912284 4-Jan-06 0.7 9570.05 -0.3 0.05418 -0.35418 10-Feb-06 0.9 10542.9 0.28571 0.10166 0.184057 25-Mar-06 0.5 11525.3 -0.4444 0.09318 -0.53763 4-Apr-06 0.5 11536 0 0.00092 -0.00092 7-May-06 0.55 11339.6 0.1 -0.017 0.117021 19-Jun-06 0.95 9895.4 0.72727 -0.1274 0.854634 7-Jul-06 0.7 9959.24 -0.2632 0.00645 -0.26961 1-Aug-06 0.8 10489.5 0.14286 0.05324 0.089616 13-Sep-06 0.5 10035.6 -0.375 -0.0433 -0.33173 26-Oct-06 0.5 10532.3 0 0.0495 -0.04949 12-Nov-06 0.6 11243.3 0.2 0.06751 0.132492 5-Dec-06 0.25 10587.9 -0.5833 -0.0583 -0.52504 4-Jan-07 0.7 10057.7 1.8 -0.0501 1.850078 7-Feb-07 0.35 11301.5 -0.5 0.12367 -0.62367 13-Mar-07 0.9 11196.3 1.57143 -0.0093 1.580741 16-Apr-07 0.9 11282.3 0 0.00768 -0.00768 21-May-07 0.55 12419.2 -0.3889 0.10077 -0.48966 24-Jun-07 0.95 13016.8 0.72727 0.04812 0.679154 23-Jul-07 0.5 13830 -0.4737 0.06247 -0.53616 29-Aug-07 1.65 13753.4 2.3 -0.0055 2.305538 9/21/2007 0.8 12124.7 -0.5152 -0.1184 -0.39673 5-Oct-07 0.2 13560.4 -0.75 0.11841 -0.86841 30-Nov-07 0.3 14330.9 0.5 0.05682 0.443178 17-Dec-07 0.9 13999.3 2 -0.0231 2.023139 30-Jan-08 0.85 13633 -0.0556 -0.0262 -0.02939 14-Feb-08 0.85 14016.1 0 0.02809 -0.02809 4-Mar-08 0.8 14964.6 -0.0588 0.06767 -0.1265 21-Apr-08 0.75 15114.3 -0.0625 0.01 -0.0725 29-May-08 0.3 15186.8 -0.6 0.0048 -0.6048 12-Jun-08 0.2 12088.6 -0.3333 -0.204 -0.12933 17-Jul-08 0.4 12212.8 1 0.01028 0.989724 21-Aug-08 0.45 10498.1 0.125 -0.1404 0.265399
  • 8. 25-Sep-08 0.9 9207.87 1 -0.1229 1.122905 30-Oct-08 0.9 9179.68 0 -0.0031 0.003062 13-Nov-08 0.06 9182.88 -0.9333 0.00035 -0.93368 4-Dec-08 0.06 9187.1 0 0.00046 -0.00046 4-Jan-09 0.05 5753.16 -0.1667 -0.3738 0.207112 5-Feb-09 0.05 5373.38 0 -0.066 0.066012 25-Mar-09 0.06 5730.21 0.2 0.06641 0.133593 9-Apr-09 0.06 6907.74 0 0.2055 -0.2055 9-May-09 0.06 7222.85 0 0.04562 -0.04562 8-Jun-09 0.06 7289.14 0 0.00918 -0.00918 4-Jul-09 0.06 7174.47 0 -0.0157 0.015732 25-Aug-09 0.06 7748.95 0 0.08007 -0.08007 20-Sep-09 0.06 8737.98 0 0.12763 -0.12763 16-Oct-09 0.06 9380.49 0 0.07353 -0.07353 11-Nov-09 0.06 9182.4 0 -0.0211 0.021117 7-Dec-09 0.1 9136.6 0.66667 -0.005 0.671654 AVERAGE RETURN 0.12635 0.01127 STANDARD DEVIATION 0.656189 INFORMATION RATIO 0.17538 ANNULIZED INFORMATION RATIO 0.60752
  • 9. AL MEEZAN MUTUAL FUND ( AMMF ) DATE PRICE KSE_PRICER_AMMF R_KSE ER 1/7/2005 12.95 6232.5 2/8/2005 13 6764.31 0.00386 0.08533 -0.0815 3/1/2005 14.6 8303.32 0.12308 0.22752 -0.1044 4/11/2005 10.5 7606.67 -0.2808 -0.0839 -0.1969 5/2/2005 10.05 7128.54 -0.0429 -0.0629 0.02 6/10/2005 10.7 6895.75 0.06468 -0.0327 0.09733 7/4/2005 10.35 7489.29 -0.0327 0.08607 -0.1188 8/1/2005 10.5 7217.97 0.01449 -0.0362 0.05072 9/8/2005 10.05 7802.83 -0.0429 0.08103 -0.1239 10/7/2005 10.9 8268.58 0.08458 0.05969 0.02489 11/8/2005 11.65 8346.11 0.06881 0.00938 0.05943 12/1/2005 12.45 9078.2 0.06867 0.08772 -0.0191 1/9/2006 13.9 9570.05 0.11647 0.05418 0.06229 2/1/2006 15 10542.9 0.07914 0.10166 -0.0225 3/9/2006 14.3 11525.3 -0.0467 0.09318 -0.1399 4/19/2006 15.65 11536 0.09441 0.00092 0.09348 5/8/2006 15.65 11339.6 0 -0.017 0.01702 6/7/2006 15 9895.4 -0.0415 -0.1274 0.08583 7/3/2006 14.9 9959.24 -0.0067 0.00645 -0.0131 8/4/2006 14.85 10489.5 -0.0034 0.05324 -0.0566 9/5/2006 15.15 10035.6 0.0202 -0.0433 0.06347 10/2/2006 12.1 10532.3 -0.2013 0.0495 -0.2508 11/6/2006 12.35 11243.3 0.02066 0.06751 -0.0469 12/5/2006 12.3 10587.9 -0.0041 -0.0583 0.05424 1/3/2007 12.85 10057.7 0.04472 -0.0501 0.09479 2/9/2007 12.35 11301.5 -0.0389 0.12367 -0.1626 3/6/2007 11.6 11196.3 -0.0607 -0.0093 -0.0514 4/4/2007 12.8 11282.3 0.10345 0.00768 0.09577 5/10/2007 13 12419.2 0.01563 0.10077 -0.0851 6/1/2007 14.75 13016.8 0.13462 0.04812 0.0865 7/10/2007 14.95 13830 0.01356 0.06247 -0.0489 8/1/2007 15.4 13753.4 0.0301 -0.0055 0.03564 9/6/2007 11.15 12124.7 -0.276 -0.1184 -0.1576 10/5/2007 12.7 13560.4 0.13901 0.11841 0.0206 11/12/2007 12.85 14330.9 0.01181 0.05682 -0.045 12/3/2007 12.95 13999.3 0.00778 -0.0231 0.03092 1/4/2008 12.95 13633 0 -0.0262 0.02616 2/11/2008 12.6 14016.1 -0.027 0.02809 -0.0551 3/7/2008 12.85 14964.6 0.01984 0.06767 -0.0478 4/11/2008 12.8 15114.3 -0.0039 0.01 -0.0139 5/2/2008 13.05 15186.8 0.01953 0.0048 0.01473 6/4/2008 12.05 12088.6 -0.0766 -0.204 0.12738 7/4/2008 13.7 12212.8 0.13693 0.01028 0.12665 8/7/2008 8 10498.1 -0.4161 -0.1404 -0.2757
  • 10. 9/5/2008 8.15 9207.87 0.01875 -0.1229 0.14166 10/8/2008 8 9179.68 -0.0184 -0.0031 -0.0153 16-Nov-08 7 9182.88 -0.125 0.00035 -0.1254 12/17/2008 6 9187.1 -0.1429 0.00046 -0.1433 1/6/2009 5.09 5753.16 -0.1517 -0.3738 0.22211 2/18/2009 4.19 5373.38 -0.1768 -0.066 -0.1108 3/17/2009 3.9 5730.21 -0.0692 0.06641 -0.1356 4/3/2009 5.29 6907.74 0.35641 0.2055 0.15092 5/4/2009 4.9 7222.85 -0.0737 0.04562 -0.1193 6/8/2009 4.85 7289.14 -0.0102 0.00918 -0.0194 7/1/2009 5.2 7174.47 0.07217 -0.0157 0.0879 8/11/2009 5.3 7748.95 0.01923 0.08007 -0.0608 9/3/2009 6.24 8737.98 0.17736 0.12763 0.04972 10/7/2009 6.24 9380.49 0 0.07353 -0.0735 11/13/2009 7.15 9182.4 0.14583 -0.0211 0.16695 12/4/2009 6.4 9136.6 -0.1049 -0.005 -0.0999 AVERAGE RETURN -0.0042 0.01127 STANDARD DEVIATION 0.10538 INFORMATION RATIO -0.147 ANNULIZED INFORMATION RATIO -0.5091
  • 11. FINDINGS FINDINGS RANKING OF MUTUAL FUND R R Square ANNULIZED INFORMATION d % MUTUAL FUND INFORMATION RATIO RANKING Squared RATIO 1 AMMF -0.14697 -0.5091 5 0.283797 28.30% 2 SFWF -0.13972 -0.4778 4 0.000286 0.03% 3 PGF -0.1344 -0.3583 3 0.019655 1.96% 4 FIFM 0.17535 0.60752 1 0.002561 0.25% 5 ASFL 0.019129 0.06627 2 0.025562 2.25%
  • 12. FINDINGS RANKING BASED ON R SQUARED VALUES R Squared Ranking Criteria Ranking 80% and above 4 28.30% 1 60%_80% 0 0.03% 2 40%_60% 5 1.96% 3 20%_40% 0 0.25% 4 1%_20% 5 2.25% 5 _ 0% and below 0 _