The document summarizes trades from a backtest of a sector rotation strategy between 1986 and 1989. It includes details on 210 total trades with 152 winners and 58 losers. The maximum drawdown was 14.2% and the strategy achieved an annual return of 13.9% over the backtest period with an overall profit of $2.7 million. Individual sector fund trades are listed with entry and exit dates, profit/loss amounts, and percentage returns.

1. Sector.Rotation - Backtest Report Page 1 of 4
Statistics | Charts | Trades | Formula | Settings | Symbols
Charts
1. Portfolio Equity
2. Underwater Equity
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421charts.html 1/7/2011

2. Sector.Rotation - Backtest Report Page 2 of 4
3. Profit Table
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421charts.html 1/7/2011

3. Sector.Rotation - Backtest Report Page 3 of 4
Profit distribution
Max. Adverse Excursion distribution
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421charts.html 1/7/2011

4. Sector.Rotation - Backtest Report Page 4 of 4
Max. Favorable Excursion distribution
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421charts.html 1/7/2011

5. Sector.Rotation - Backtest Report Page 1 of 1
Statistics | Charts | Trades | Formula | Settings | Symbols
Statistics
All trades Long trades Short trades
Initial capital 100000.00 100000.00 100000.00
Ending capital 2798648.55 2798648.55 100000.00
Net Profit 2698648.55 2698648.55 0.00
Net Profit % 2698.65 % 2698.65 % 0.00 %
Exposure % 78.72 % 78.72 % 0.00 %
Net Risk Adjusted Return % 3428.37 % 3428.37 % N/A
Annual Return % 13.92 % 13.92 % 0.00 %
Risk Adjusted Return % 17.68 % 17.68 % N/A
All trades 210 210 (100.00 %) 0 (0.00 %)
Avg. Profit/Loss 12850.71 12850.71 N/A
Avg. Profit/Loss % 5.24 % 5.24 % N/A
Avg. Bars Held 74.31 74.31 N/A
Winners 152 (72.38 %) 152 (72.38 %) 0 (0.00 %)
Total Profit 3031612.47 3031612.47 0.00
Avg. Profit 19944.82 19944.82 N/A
Avg. Profit % 8.99 % 8.99 % N/A
Avg. Bars Held 81.84 81.84 N/A
Max. Consecutive 20 20 0
Largest win 159763.76 159763.76 0.00
# bars in largest win 141 141 0
Losers 58 (27.62 %) 58 (27.62 %) 0 (0.00 %)
Total Loss -332963.92 -332963.92 0.00
Avg. Loss -5740.76 -5740.76 N/A
Avg. Loss % -4.59 % -4.59 % N/A
Avg. Bars Held 54.59 54.59 N/A
Max. Consecutive 5 5 0
Largest loss -20165.83 -20165.83 0.00
# bars in largest loss 52 52 0
Max. trade drawdown -84047.22 -84047.22 0.00
Max. trade % drawdown -38.90 % -38.90 % 0.00 %
Max. system drawdown -142466.09 -142466.09 0.00
Max. system % drawdown -19.75 % -19.75 % 0.00 %
Recovery Factor 18.94 18.94 N/A
CAR/MaxDD 0.70 0.70 N/A
RAR/MaxDD 0.90 0.90 N/A
Profit Factor 9.10 9.10 N/A
Payoff Ratio 3.47 3.47 N/A
Standard Error 307737.40 307737.40 0.00
Risk-Reward Ratio 0.23 0.23 N/A
Ulcer Index 4.59 4.59 0.00
Ulcer Performance Index 1.85 1.85 N/A
Sharpe Ratio of trades 0.86 0.86 0.00
K-Ratio 0.0213 0.0213 -1.#IND
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421stats.html 1/7/2011

6. Sector.Rotation - Backtest Report Page 1 of 8
Statistics | Charts | Trades | Formula | Settings | Symbols
Trades
Trade list
% # Scale
Ticker Trade Entry Exit Profit Shares Pos. value Cum. profit Profit/bar MAE/MFE
change bars In/Out
6/19/1986 10/22/1987 -975.86 -7.55%
FSUTX Long -2.93% 5136.11 33333.33 -975.86 341 -2.86 0/0
6.49 6.3 -2.93% 15.87%
3/13/1987 10/22/1987 -11602.99 -37.25%
FBIOX Long -33.85% 4854.81 34274.95 -12578.85 156 -74.38 0/0
7.06 4.67 -33.85% 2.69%
2/17/1988 6/27/1988 5399.54 0.00%
FSAIX Long 18.53% 8570.7 29140.38 -7179.31 92 58.69 0/0
3.4 4.03 18.53% 19.12%
2/17/1988 11/9/1988 5102.02 -0.17%
FSTCX Long 17.51% 4905.79 29140.38 -2077.29 187 27.28 0/0
5.94 6.98 17.51% 17.51%
6/27/1988 1/25/1989 1946.99 -7.05%
FSENX Long 6.02% 6713.76 32360.34 -130.30 148 13.16 0/0
4.82 5.11 6.02% 6.02%
1/25/1989 5/11/1989 4976.96 0.00%
FSRPX Long 14.18% 8580.96 35096.14 4846.66 75 66.36 0/0
4.09 4.67 14.18% 14.18%
5/11/1989 8/4/1989 6795.48 0.00%
FSLBX Long 17.80% 11325.8 38167.92 11642.13 60 113.26 0/0
3.37 3.97 17.80% 17.80%
8/4/1989 9/28/1989 144.93 0.00%
FSCHX Long 0.34% 4831.12 42562.13 11787.07 39 3.72 0/0
8.81 8.84 0.34% 4.88%
11/9/1988 10/26/1989 2034.11 -3.33%
FSAVX Long 6.18% 5215.66 32910.81 13821.17 244 8.34 0/0
6.31 6.7 6.18% 18.23%
2/17/1988 1/11/1990 13645.80 -3.78%
FSUTX Long 46.83% 4401.87 29140.38 27466.97 482 28.31 0/0
6.62 9.72 46.83% 51.36%
9/28/1989 2/9/1990 -4484.18 -13.65%
FSHOX Long -10.51% 9540.81 42647.43 22982.79 94 -47.70 0/0
4.47 4 -10.51% 2.24%
1/11/1990 2/12/1990 -3053.81 -9.43%
FSPCX Long -7.20% 7270.97 42389.75 19928.98 23 -132.77 0/0
5.83 5.41 -7.20% 0.00%
2/9/1990 4/18/1990 3435.29 -1.36%
FSAVX Long 8.64% 6026.82 39777.03 23364.27 47 73.09 0/0
6.6 7.17 8.64% 8.79%
2/12/1990 5/16/1990 3992.01 -2.72%
FSCSX Long 10.15% 9736.62 39335.94 27356.28 66 60.49 0/0
4.04 4.45 10.15% 10.64%
10/26/1989 8/21/1990 1098.68 -2.15%
FDFAX Long 2.69% 5493.41 40816.00 28454.97 207 5.31 0/0
7.43 7.63 2.69% 19.11%
4/18/1990 8/21/1990 -361.31 -3.62%
FSUTX Long -0.85% 4516.33 42363.19 28093.66 88 -4.11 0/0
9.38 9.3 -0.85% 3.84%
5/16/1990 8/21/1990 -3318.60 -7.53%
FSPCX Long -7.53% 7901.42 44089.91 24775.06 68 -48.80 0/0
5.58 5.16 -7.53% 5.91%
12/3/1990 1/11/1991 -446.69 -2.15%
FDFAX Long -1.07% 4963.21 41591.69 24328.38 28 -15.95 0/0
8.38 8.29 -1.07% 2.86%
12/3/1990 1/11/1991 587.87 0.00%
FSDAX Long 1.41% 7348.35 41591.69 24916.24 28 21.00 0/0
5.66 5.74 1.41% 4.59%
12/3/1990 1/11/1991 -584.62 -1.71%
FSUTX Long -1.41% 4175.87 41591.69 24331.62 28 -20.88 0/0
9.96 9.82 -1.41% 0.90%
1/18/1991 2/19/1991 6076.02 -0.44%
FSAIX Long 14.66% 9068.68 41443.87 30407.64 22 276.18 0/0
4.57 5.24 14.66% 14.66%
1/18/1991 2/20/1991 6567.61 -0.27%
FSCGX Long 15.85% 11323.5 41443.87 36975.25 23 285.55 0/0
3.66 4.24 15.85% 16.67%
2/20/1991 6/19/1991 4910.29 -1.08%
FSDPX Long 10.63% 6215.55 46181.54 41885.53 84 58.46 0/0
7.43 8.22 10.63% 11.17%
6/19/1991 12/6/1991 -1111.13 -2.91%
FSENX Long -2.30% 7407.53 48371.15 40774.40 120 -9.26 0/0
6.53 6.38 -2.30% 8.42%
1/18/1991 12/3/1993 21801.64 -1.00%
FSUTX Long 52.61% 4152.69 41443.87 62576.04 729 29.91 0/0
9.98 15.23 52.61% 63.63%
FSCHX Long 12/6/1991 1/28/1994 44.39% 22694.59 4859.65 51123.57 85270.63 544 41.72 -0.76% 0/0
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

7. Sector.Rotation - Backtest Report Page 2 of 8
10.52 15.19 44.39% 44.39%
12/3/1993 2/14/1994 4552.44 -1.65%
FSLEX Long 7.00% 6322.84 64998.77 89823.07 51 89.26 0/0
10.28 11 7.00% 10.02%
2/19/1991 4/6/1994 16653.21 -0.73%
FDFAX Long 35.85% 4869.36 46453.70 106476.28 793 21.00 0/0
9.54 12.96 35.85% 45.81%
1/28/1994 4/6/1994 -5758.98 -9.79%
FSPHX Long -8.19% 3533.12 70344.37 100717.30 47 -122.53 0/0
19.91 18.28 -8.19% 1.16%
2/14/1994 4/6/1994 -3419.61 -6.37%
FSUTX Long -4.89% 4684.4 69891.25 97297.69 36 -94.99 0/0
14.92 14.19 -4.89% 0.13%
4/12/1994 4/15/1994 0.00 -0.76%
FSVLX Long 0.00% 8324.8 65765.90 97297.69 4 0.00 0/0
7.9 7.9 0.00% 0.00%
4/12/1994 4/15/1994 111.47 -0.51%
FSRBX Long 0.17% 11146.8 65765.90 97409.16 4 27.87 0/0
5.9 5.91 0.17% 0.34%
4/12/1994 4/15/1994 150.26 -0.53%
FSDPX Long 0.23% 5008.83 65765.89 97559.42 4 37.57 0/0
13.13 13.16 0.23% 0.23%
4/28/1994 5/11/1994 582.77 0.00%
FSVLX Long 0.88% 8325.3 65853.14 98142.19 10 58.28 0/0
7.91 7.98 0.88% 2.53%
4/28/1994 5/11/1994 -126.64 -0.32%
FSCHX Long -0.19% 4221.35 65853.14 98015.55 10 -12.66 0/0
15.6 15.57 -0.19% 1.41%
4/28/1994 5/11/1994 -647.57 -0.98%
FSDPX Long -0.98% 4981.33 65853.14 97367.98 10 -64.76 0/0
13.22 13.09 -0.98% 0.61%
5/20/1994 6/27/1994 -540.06 -0.82%
FSDPX Long -0.82% 4909.65 65789.33 96827.92 26 -20.77 0/0
13.4 13.29 -0.82% 2.39%
5/20/1994 6/27/1994 -815.57 -2.48%
FIDSX Long -1.24% 3398.21 65789.32 96012.35 26 -31.37 0/0
19.36 19.12 -1.24% 3.67%
5/20/1994 6/27/1994 -497.78 -0.76%
FSCHX Long -0.76% 4148.13 65789.32 95514.57 26 -19.15 0/0
15.86 15.74 -0.76% 2.46%
7/19/1994 8/19/1994 2146.91 -0.22%
FSTCX Long 3.29% 3638.83 65171.52 97661.49 24 89.45 0/0
17.91 18.5 3.29% 3.35%
7/19/1994 8/25/1994 3780.94 -0.23%
FDFAX Long 5.80% 4974.93 65171.52 101442.43 28 135.03 0/0
13.1 13.86 5.80% 6.03%
7/19/1994 12/9/1994 -4626.37 -7.10%
FSRFX Long -7.10% 6704.89 65171.52 96816.06 102 -45.36 0/0
9.72 9.03 -7.10% 3.40%
8/19/1994 12/9/1994 -2934.17 -4.69%
FSPCX Long -4.37% 7156.5 67127.99 93881.89 79 -37.14 0/0
9.38 8.97 -4.37% 3.94%
8/25/1994 12/9/1994 -2813.79 -4.48%
FSUTX Long -4.14% 4689.66 68000.00 91068.10 75 -37.52 0/0
14.5 13.9 -4.14% 1.31%
12/16/1994 2/27/1995 5477.95 -0.10%
FSDAX Long 8.60% 6599.93 63689.36 96546.04 49 111.79 0/0
9.65 10.48 8.60% 8.81%
2/27/1995 7/6/1995 5020.02 -3.43%
FSRPX Long 7.42% 6275.02 67644.73 101566.06 91 55.17 0/0
10.78 11.58 7.42% 7.42%
12/16/1994 10/5/1995 17870.64 -1.62%
FDFAX Long 28.06% 4478.86 63689.36 119436.70 203 88.03 0/0
14.22 18.21 28.06% 28.48%
12/16/1994 10/13/1995 15254.67 -0.71%
FSUTX Long 23.95% 4526.61 63689.37 134691.37 209 72.99 0/0
14.07 17.44 23.95% 23.95%
7/6/1995 11/6/1995 12232.28 -1.16%
FSCPX Long 16.58% 9482.39 73772.99 146923.65 87 140.60 0/0
7.78 9.07 16.58% 16.58%
10/13/1995 12/7/1995 5180.17 -4.10%
FSHOX Long 6.45% 9418.49 80339.69 152103.82 39 132.82 0/0
8.53 9.08 6.45% 6.68%
11/6/1995 1/18/1996 -5823.43 -7.10%
FSRPX Long -7.10% 6771.43 82069.74 146280.39 51 -114.18 0/0
12.12 11.26 -7.10% 2.06%
10/5/1995 4/18/1996 8324.80 -2.76%
FSAVX Long 10.46% 4984.91 79608.98 154605.18 136 61.21 0/0
15.97 17.64 10.46% 10.58%
1/18/1996 5/3/1996 7330.92 -1.74%
FSLEX Long 8.93% 6787.89 82065.60 161936.11 75 97.75 0/0
12.09 13.17 8.93% 8.93%
5/3/1996 6/24/1996 4220.28 -0.42%
FSHOX Long 4.88% 9174.51 86423.91 166156.38 36 117.23 0/0
9.42 9.88 4.88% 6.69%
FSCHX Long 4.09% 3984.77 90613.72 169862.22 70 52.94 0/0
6/24/1996 10/1/1996 3705.84 -8.53%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

8. Sector.Rotation - Backtest Report Page 3 of 8
22.74 23.67 4.09% 4.09%
12/7/1995 10/4/1996 13481.14 -2.35%
FSPCX Long 15.93% 6640.96 84605.80 183343.37 210 64.20 0/0
12.74 14.77 15.93% 15.93%
4/18/1996 10/10/1996 7062.57 -2.79%
FSPHX Long 8.19% 2427 86231.36 190405.94 123 57.42 0/0
35.53 38.44 8.19% 10.22%
10/4/1996 11/18/1996 3445.55 -1.28%
FSUTX Long 3.52% 4993.56 97773.85 193851.49 32 107.67 0/0
19.58 20.27 3.52% 3.78%
10/1/1996 11/19/1996 6308.22 0.00%
FDFAX Long 6.56% 4672.75 96212.02 200159.71 36 175.23 0/0
20.59 21.94 6.56% 6.90%
10/10/1996 12/31/1996 6073.70 -0.87%
FSRFX Long 6.30% 8435.7 96420.07 206233.42 57 106.56 0/0
11.43 12.15 6.30% 7.96%
11/19/1996 4/8/1997 -3609.09 -3.67%
FSDPX Long -3.56% 5821.12 101403.92 202624.32 96 -37.59 0/0
17.42 16.8 -3.56% 5.57%
4/8/1997 6/18/1997 14218.78 -2.66%
FSDAX Long 14.54% 5427.02 97794.82 216843.10 51 278.80 0/0
18.02 20.64 14.54% 14.87%
12/31/1996 8/1/1997 20209.33 -2.60%
FSCHX Long 19.49% 4281.64 103701.26 237052.43 149 135.63 0/0
24.22 28.94 19.49% 19.65%
6/18/1997 9/3/1997 -9827.34 -10.43%
EWA Long -8.77% 15178 112013.61 227225.09 54 -181.99 0/0
7.38 6.73253 -8.77% 3.79%
8/1/1997 9/4/1997 11519.33 0.00%
FSNGX Long 9.64% 13394.6 119479.52 238744.42 24 479.97 0/0
8.92 9.78 9.64% 9.98%
9/3/1997 10/6/1997 14325.33 0.00%
FBIOX Long 13.44% 4012.7 106617.34 253069.74 24 596.89 0/0
26.57 30.14 13.44% 13.44%
9/4/1997 10/14/1997 11994.17 -0.25%
FSUTX Long 9.93% 5082.28 120754.88 265063.91 29 413.59 0/0
23.76 26.12 9.93% 11.15%
11/18/1996 11/25/1997 18733.59 -0.16%
FSAVX Long 18.52% 5526.13 101128.24 283797.51 259 72.33 0/0
18.3 21.69 18.52% 30.77%
11/25/1997 3/30/1998 24014.75 0.00%
FSPCX Long 19.90% 5731.44 120704.22 307812.26 85 282.53 0/0
21.06 25.25 19.90% 22.17%
3/30/1998 5/1/1998 6387.11 0.00%
FSNGX Long 4.47% 15207.4 142949.55 314199.37 24 266.13 0/0
9.4 9.82 4.47% 4.47%
5/1/1998 6/1/1998 -15004.17 -10.87%
EWA Long -10.32% 21512.2 145326.86 299195.19 21 -714.48 0/0
6.75556 6.05808 -10.32% 0.00%
10/14/1997 6/11/1998 -2185.54 -8.22%
FSCHX Long -1.66% 4553.22 131906.65 297009.65 166 -13.17 0/0
28.97 28.49 -1.66% 8.77%
6/1/1998 8/25/1998 -16661.12 -12.28%
FSAVX Long -12.24% 5409.46 136101.91 280348.53 61 -273.13 0/0
25.16 22.08 -12.24% 0.64%
6/11/1998 9/29/1998 -14013.08 -13.33%
FSCPX Long -10.80% 8007.48 129721.10 266335.44 77 -181.99 0/0
16.2 14.45 -10.80% 8.02%
9/29/1998 12/10/1998 -20165.83 -17.43%
CEF Long -17.43% 27912.9 115708.02 246169.61 52 -387.80 0/0
4.14532 3.42286 -17.43% 3.01%
8/25/1998 1/8/1999 34699.81 -7.37%
FSUTX Long 29.05% 3825.78 119440.79 280869.42 95 365.26 0/0
31.22 40.29 29.05% 29.18%
12/10/1998 1/14/1999 -913.09 -2.35%
FSENX Long -0.96% 8300.8 95542.19 279956.33 24 -38.05 0/0
11.51 11.4 -0.96% 6.43%
1/14/1999 3/22/1999 17572.71 -4.40%
EWJ Long 15.95% 12508.6 110140.19 297529.04 46 382.02 0/0
8.80515 10.21 15.95% 17.83%
1/8/1999 4/26/1999 11819.21 -7.82%
FSDPX Long 8.53% 8207.79 138629.50 309348.25 74 159.72 0/0
16.89 18.33 8.53% 9.77%
3/22/1999 5/11/1999 20248.50 -1.92%
FSDAX Long 15.85% 5457.82 127712.90 329596.75 36 562.46 0/0
23.4 27.11 15.85% 15.85%
4/26/1999 7/12/1999 12147.69 -2.13%
FBSOX Long 8.39% 16196.9 144800.43 341744.44 54 224.96 0/0
8.94 9.69 8.39% 9.06%
7/12/1999 8/12/1999 -15865.44 -11.41%
FSPCX Long -10.32% 5236.12 153732.43 325879.00 24 -661.06 0/0
29.36 26.33 -10.32% 0.00%
8/12/1999 10/7/1999 -11310.94 -10.13%
FSDPX Long -7.95% 7591.24 142335.68 314568.06 40 -282.77 0/0
18.75 17.26 -7.95% 0.80%
FDFAX Long 3.13% 4826.59 131186.63 318670.66 521 7.87 0/0
10/6/1997 10/28/1999 4102.60 -7.32%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

9. Sector.Rotation - Backtest Report Page 4 of 8
27.18 28.03 3.13% 22.33%
10/7/1999 11/26/1999 16453.79 -4.90%
EWC Long 12.18% 14319.3 135062.78 335124.44 36 457.05 0/0
9.43219 10.5813 12.18% 12.18%
11/26/1999 1/19/2000 11709.50 -0.08%
EWA Long 8.03% 20211 145734.36 346833.94 37 316.47 0/0
7.21064 7.79 8.03% 11.08%
5/11/1999 2/25/2000 -17053.52 -11.50%
FSCPX Long -11.50% 7822.71 148318.65 329780.42 202 -84.42 0/0
18.96 16.78 -11.50% 5.22%
2/25/2000 3/28/2000 30470.38 0.00%
FSLBX Long 21.86% 5540.07 139388.16 360250.81 23 1324.80 0/0
25.16 30.66 21.86% 26.31%
1/19/2000 4/17/2000 9266.92 -9.42%
FSAVX Long 5.97% 7853.32 155103.04 369517.72 63 147.09 0/0
19.75 20.93 5.97% 9.42%
10/28/1999 5/22/2000 1879.42 -0.30%
FSUTX Long 1.39% 2891.41 135289.23 371397.14 143 13.14 0/0
46.79 47.44 1.39% 19.73%
4/17/2000 7/5/2000 36698.81 0.00%
FSPHX Long 23.38% 2107.92 156934.32 408095.96 55 667.25 0/0
74.45 91.86 23.38% 23.38%
3/28/2000 7/17/2000 24648.33 -3.42%
FSLEX Long 15.04% 16998.8 163868.88 432744.28 77 320.11 0/0
9.64 11.09 15.04% 15.15%
7/5/2000 8/9/2000 12517.29 0.00%
FSRFX Long 7.17% 8815 174536.92 445261.58 26 481.43 0/0
19.8 21.22 7.17% 7.88%
5/22/2000 10/13/2000 -11138.60 -7.40%
CEF Long -7.40% 44554.4 150593.94 434122.97 102 -109.20 0/0
3.38 3.13 -7.40% 5.56%
7/17/2000 10/13/2000 -17059.89 -10.44%
FSCPX Long -9.51% 9804.54 179422.99 417063.08 64 -266.56 0/0
18.3 16.56 -9.51% 0.93%
8/9/2000 10/13/2000 2989.90 -2.13%
FDFAX Long 1.67% 6228.96 178646.62 420052.98 47 63.61 0/0
28.68 29.16 1.67% 3.38%
11/2/2000 11/14/2000 -2913.46 -2.77%
FSMEX Long -1.68% 14567.3 173350.99 417139.52 9 -323.72 0/0
11.9 11.7 -1.68% 1.51%
11/2/2000 11/14/2000 -1644.70 -2.85%
FBSOX Long -0.95% 16447 173350.99 415494.82 9 -182.74 0/0
10.54 10.44 -0.95% 1.42%
11/2/2000 11/14/2000 0.00 -2.51%
FSAIX Long 0.00% 6601.33 173350.99 415494.82 9 0.00 0/0
26.26 26.26 0.00% 0.30%
1/30/2001 2/8/2001 1329.82 0.00%
FSCPX Long 0.77% 9498.71 171831.59 416824.64 8 166.23 0/0
18.09 18.23 0.77% 1.49%
1/30/2001 2/8/2001 0.00 -2.01%
FBSOX Long 0.00% 15735.5 171831.60 416824.64 8 0.00 0/0
10.92 10.92 0.00% 0.00%
1/30/2001 2/8/2001 -646.47 -0.38%
FSAIX Long -0.38% 6464.7 171831.60 416178.17 8 -80.81 0/0
26.58 26.48 -0.38% 1.47%
5/8/2001 5/10/2001 5023.06 0.00%
CEF Long 2.92% 56412.9 172059.39 421201.24 3 1674.35 0/0
3.05 3.13904 2.92% 2.95%
5/8/2001 5/10/2001 334.62 0.00%
FSVLX Long 0.19% 6692.31 172059.39 421535.85 3 111.54 0/0
25.71 25.76 0.19% 0.19%
5/8/2001 5/10/2001 884.95 -0.22%
FSLEX Long 0.51% 12642.1 172059.38 422420.80 3 294.98 0/0
13.61 13.68 0.51% 0.51%
5/11/2001 5/14/2001 3302.69 0.00%
CEF Long 1.90% 56516.2 174140.26 425723.49 2 1651.35 0/0
3.08125 3.13968 1.90% 1.90%
5/11/2001 5/14/2001 954.19 0.00%
FSVLX Long 0.55% 6815.67 174140.26 426677.69 2 477.10 0/0
25.55 25.69 0.55% 0.55%
5/11/2001 5/14/2001 333.97 0.00%
FSPCX Long 0.19% 4770.97 174140.25 427011.65 2 166.98 0/0
36.5 36.57 0.19% 0.19%
5/17/2001 6/18/2001 955.98 -1.26%
CEF Long 0.54% 54187.5 175670.54 427967.63 22 43.45 0/0
3.2419 3.25954 0.54% 7.95%
5/17/2001 6/18/2001 1277.36 -0.31%
FSVLX Long 0.73% 6722.94 175670.54 429244.99 22 58.06 0/0
26.13 26.32 0.73% 2.49%
5/17/2001 6/18/2001 -4595.87 -2.62%
FDFAX Long -2.62% 5406.91 175670.55 424649.11 22 -208.90 0/0
32.49 31.64 -2.62% 0.12%
8/3/2001 8/9/2001 -1434.34 -1.00%
FDFAX Long -0.82% 5312.36 174883.04 423214.78 5 -286.87 0/0
32.92 32.65 -0.82% 0.00%
FIDSX Long -1.54% 2524.66 174883.03 420513.39 5 -540.28 0/0
8/3/2001 8/9/2001 -2701.38 -1.54%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

10. Sector.Rotation - Backtest Report Page 5 of 8
69.27 68.2 -1.54% 0.00%
8/3/2001 8/9/2001 -615.79 -0.50%
FSRBX Long -0.35% 8796.93 174883.03 419897.61 5 -123.16 0/0
19.88 19.81 -0.35% 0.15%
11/15/2001 1/8/2002 13782.86 -2.69%
FSAGX Long 7.95% 20268.9 173299.20 433680.47 36 382.86 0/0
8.55 9.23 7.95% 9.12%
11/15/2001 2/8/2002 1277.64 -3.01%
FDFAX Long 0.74% 5110.56 173299.19 434958.11 58 22.03 0/0
33.91 34.16 0.74% 1.59%
11/15/2001 2/8/2002 -5975.11 -4.80%
FSPHX Long -3.45% 2103.91 173299.19 428983.00 58 -103.02 0/0
82.37 79.53 -3.45% 4.88%
1/8/2002 2/8/2002 4905.78 -0.05%
FSPCX Long 2.77% 4857.21 176802.36 433888.78 23 213.29 0/0
36.4 37.41 2.77% 2.77%
2/14/2002 2/22/2002 3489.47 -0.12%
FDFAX Long 1.96% 5131.57 177962.93 437378.25 6 581.58 0/0
34.68 35.36 1.96% 1.96%
2/14/2002 2/22/2002 -916.29 -2.00%
FSCPX Long -0.51% 10180.9 177962.92 436461.96 6 -152.71 0/0
17.48 17.39 -0.51% 0.00%
2/14/2002 2/22/2002 -5485.63 -3.08%
FSPCX Long -3.08% 4571.36 177962.93 430976.33 6 -914.27 0/0
38.93 37.73 -3.08% 0.00%
2/27/2002 4/30/2002 4827.06 0.00%
FSCPX Long 2.73% 10056.4 176992.10 435803.39 44 109.71 0/0
17.6 18.08 2.73% 7.11%
2/27/2002 4/30/2002 1606.36 -1.90%
FSMEX Long 0.91% 14603.3 176992.11 437409.76 44 36.51 0/0
12.12 12.23 0.91% 2.80%
2/27/2002 4/30/2002 9381.03 -0.68%
FDFAX Long 5.30% 4989.91 176992.10 446790.79 44 213.21 0/0
35.47 37.35 5.30% 6.53%
5/17/2002 5/31/2002 299.53 -1.07%
FSMEX Long 0.16% 14976.5 182263.59 447090.32 10 29.95 0/0
12.17 12.19 0.16% 0.33%
5/17/2002 5/31/2002 2487.43 -2.00%
EWA Long 1.36% 23662.8 182263.58 449577.74 10 248.74 0/0
7.70255 7.80767 1.36% 1.36%
5/17/2002 5/31/2002 -5288.68 -4.14%
FSCPX Long -2.90% 9793.85 182263.58 444289.06 10 -528.87 0/0
18.61 18.07 -2.90% 0.00%
11/21/2002 12/31/2002 20752.92 -2.61%
CEF Long 11.44% 43197.5 181429.69 465041.99 27 768.63 0/0
4.2 4.68042 11.44% 13.04%
11/21/2002 1/29/2003 -935.20 -2.84%
FSMEX Long -0.52% 15586.7 181429.68 464106.78 46 -20.33 0/0
11.64 11.58 -0.52% 2.92%
11/21/2002 1/29/2003 -6005.07 -6.21%
FSPHX Long -3.31% 2555.35 181429.68 458101.72 46 -130.54 0/0
71 68.65 -3.31% 1.10%
12/31/2002 1/29/2003 -9182.40 -4.92%
FDFAX Long -4.92% 5886.16 186473.40 448919.31 20 -459.12 0/0
31.68 30.12 -4.92% 2.43%
3/19/2003 5/22/2003 25062.04 -2.39%
EWC Long 13.70% 19987.2 182973.09 473981.35 46 544.83 0/0
9.15453 10.4084 13.70% 15.17%
3/19/2003 6/18/2003 21067.26 -1.92%
FNARX Long 11.51% 19506.7 182973.10 495048.61 64 329.18 0/0
9.38 10.46 11.51% 15.03%
5/22/2003 7/9/2003 34972.91 0.00%
EWM Long 17.31% 47589.9 202024.75 530021.52 33 1059.79 0/0
4.24512 4.98 17.31% 19.13%
3/19/2003 7/16/2003 29988.10 -0.33%
FSMEX Long 16.39% 15222.4 182973.10 560009.62 83 361.30 0/0
12.02 13.99 16.39% 19.05%
6/18/2003 8/20/2003 11855.06 -4.05%
FSCHX Long 5.64% 6549.76 210050.76 571864.68 45 263.45 0/0
32.07 33.88 5.64% 5.64%
7/9/2003 10/16/2003 18943.70 -3.03%
FSVLX Long 8.65% 7286.04 219018.32 590808.39 71 266.81 0/0
30.06 32.66 8.65% 9.12%
7/16/2003 12/9/2003 19028.78 -2.24%
FSPCX Long 8.70% 5499.65 218775.93 609837.16 103 184.75 0/0
39.78 43.24 8.70% 9.35%
10/16/2003 12/31/2003 13363.91 -3.97%
FSPHX Long 5.60% 3159.32 238560.01 623201.07 53 252.15 0/0
75.51 79.74 5.60% 5.60%
12/9/2003 1/9/2004 18179.47 -0.32%
FSENX Long 7.44% 13173.5 244237.25 641380.54 22 826.34 0/0
18.54 19.92 7.44% 7.98%
1/9/2004 3/9/2004 15535.61 -0.17%
FSRPX Long 6.11% 8727.87 254242.93 656916.16 41 378.92 0/0
29.13 30.91 6.11% 7.96%
FDFAX Long 15.85% 6889.31 224316.04 692465.01 143 248.59 0/0
8/20/2003 3/15/2004 35548.86 -1.17%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

11. Sector.Rotation - Backtest Report Page 6 of 8
32.56 37.72 15.85% 18.77%
3/9/2004 4/23/2004 13555.36 -2.99%
FBSOX Long 5.05% 25102.5 268597.00 706020.37 33 410.77 0/0
10.7 11.24 5.05% 5.05%
12/31/2003 5/27/2004 142.08 -4.64%
FSCPX Long 0.06% 14208.2 254185.43 706162.46 103 1.38 0/0
17.89 17.9 0.06% 5.20%
3/15/2004 7/29/2004 -3929.80 -2.22%
FSLEX Long -1.51% 20683.1 260814.35 702232.66 95 -41.37 0/0
12.61 12.42 -1.51% 8.33%
5/27/2004 8/24/2004 -7889.93 -4.82%
FDFAX Long -2.95% 7044.58 267271.40 694342.73 61 -129.34 0/0
37.94 36.82 -2.95% 1.85%
7/29/2004 8/30/2004 -7582.09 -6.99%
FSTCX Long -2.95% 8241.4 256884.54 686760.64 23 -329.66 0/0
31.17 30.25 -2.95% 0.64%
4/23/2004 9/30/2004 20432.00 -4.98%
FSUTX Long 7.35% 9162.33 278076.72 707192.63 111 184.07 0/0
30.35 32.58 7.35% 7.35%
9/30/2004 11/18/2004 24825.33 -2.41%
FSCGX Long 9.14% 13640.3 271578.23 732017.97 36 689.59 0/0
19.91 21.73 9.14% 9.14%
11/18/2004 1/26/2005 8697.13 -4.00%
EWJ Long 3.02% 29001.4 287732.79 740715.10 47 185.05 0/0
9.92135 10.2212 3.02% 6.27%
8/30/2004 2/24/2005 1338.54 -2.36%
FSVLX Long 0.54% 6692.68 249302.45 742053.64 124 10.79 0/0
37.25 37.45 0.54% 7.76%
8/24/2004 3/28/2005 3822.46 -0.13%
FSRBX Long 1.47% 10921.3 259381.47 745876.10 149 25.65 0/0
23.75 24.1 1.47% 9.81%
2/24/2005 6/1/2005 14385.06 -4.49%
FSRPX Long 5.03% 8562.54 286245.65 760261.16 68 211.55 0/0
33.43 35.11 5.03% 5.03%
3/28/2005 6/6/2005 19377.96 -0.43%
FSPHX Long 7.14% 3176.71 271545.60 779639.12 50 387.56 0/0
85.48 91.58 7.14% 7.63%
6/6/2005 7/7/2005 1288.91 -0.88%
FSDAX Long 0.44% 5603.94 293422.53 780928.03 23 56.04 0/0
52.36 52.59 0.44% 1.72%
1/26/2005 7/8/2005 28189.30 -0.40%
FSUTX Long 9.79% 8147.2 288084.85 809117.33 114 247.27 0/0
35.36 38.82 9.79% 9.79%
7/8/2005 8/15/2005 23423.83 0.00%
EZU Long 7.73% 9406.48 303140.54 832541.16 27 867.55 0/0
32.2268 34.717 7.73% 9.81%
7/7/2005 8/24/2005 17574.54 0.00%
FPHAX Long 5.96% 45062.9 294711.46 850115.70 35 502.13 0/0
6.54 6.93 5.96% 7.49%
8/15/2005 9/15/2005 18152.69 -1.16%
EWJ Long 5.67% 30422.8 320174.36 868268.38 23 789.25 0/0
10.5242 11.1208 5.67% 5.83%
9/15/2005 10/17/2005 -10429.07 -4.36%
FDLSX Long -3.20% 5607.03 325543.96 857839.31 23 -453.44 0/0
58.06 56.2 -3.20% 0.81%
8/24/2005 11/14/2005 18937.58 -3.12%
FBMPX Long 5.93% 9761.64 319205.66 876776.90 58 326.51 0/0
32.7 34.64 5.93% 6.06%
10/17/2005 12/1/2005 32041.24 -0.33%
FBSOX Long 10.07% 26480.4 318029.19 908818.14 33 970.95 0/0
12.01 13.22 10.07% 10.07%
12/1/2005 1/31/2006 23875.46 0.00%
FPHAX Long 7.04% 46814.6 338937.90 932693.60 41 582.33 0/0
7.24 7.75 7.04% 7.04%
11/14/2005 2/7/2006 23796.78 -2.20%
EWM Long 7.10% 53452.7 335148.67 956490.38 58 410.29 0/0
6.27 6.71519 7.10% 8.24%
6/1/2005 8/31/2006 53015.20 -2.65%
FDFAX Long 17.78% 7003.33 298131.74 1009505.59 317 167.24 0/0
42.57 50.14 17.78% 17.92%
2/7/2006 9/27/2006 27398.38 -2.24%
FSCPX Long 7.70% 17676.4 355825.45 1036903.97 162 169.13 0/0
20.13 21.68 7.70% 7.90%
8/31/2006 10/17/2006 20013.20 -0.49%
FSVLX Long 5.25% 9907.52 380944.32 1056917.17 33 606.46 0/0
38.45 40.47 5.25% 5.77%
9/27/2006 10/30/2006 11989.21 -1.15%
FSDAX Long 3.05% 6277.07 392944.68 1068906.38 24 499.55 0/0
62.6 64.51 3.05% 4.74%
10/17/2006 11/17/2006 9600.30 0.00%
FSDPX Long 2.39% 9697.28 401273.31 1078506.68 24 400.01 0/0
41.38 42.37 2.39% 3.67%
10/30/2006 1/3/2007 11472.26 -5.69%
EWJ Long 2.85% 30308.2 403132.71 1089978.95 44 260.73 0/0
13.3011 13.6796 2.85% 3.56%
FDFAX Long 2.27% 7690.5 399752.21 1099053.74 33 274.99 0/0
11/17/2006 1/8/2007 9074.79 -1.48%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

12. Sector.Rotation - Backtest Report Page 7 of 8
51.98 53.16 2.27% 2.90%
1/3/2007 2/12/2007 12200.09 -0.28%
FSPHX Long 2.93% 3910.29 415702.46 1111253.83 28 435.72 0/0
106.31 109.43 2.93% 3.67%
1/31/2006 4/4/2007 30264.63 -1.34%
FSRBX Long 8.48% 13632.7 356904.56 1141518.46 296 102.25 0/0
26.18 28.4 8.48% 14.97%
1/8/2007 4/18/2007 32128.35 -2.63%
FPHAX Long 7.78% 49428.2 413220.06 1173646.82 70 458.98 0/0
8.36 9.01 7.78% 8.13%
2/12/2007 5/3/2007 22080.88 -3.51%
FSCSX Long 5.25% 6345.08 420678.93 1195727.70 57 387.38 0/0
66.3 69.78 5.25% 5.25%
4/4/2007 5/15/2007 26273.10 -0.13%
FSPCX Long 6.45% 6439.49 407619.48 1222000.81 29 905.97 0/0
63.3 67.38 6.45% 6.97%
4/18/2007 5/21/2007 27350.77 0.00%
FSCGX Long 6.32% 14784.2 432437.83 1249351.57 24 1139.62 0/0
29.25 31.1 6.32% 6.32%
5/3/2007 6/14/2007 16113.63 0.00%
FSDAX Long 3.61% 5990.2 446269.55 1265465.20 30 537.12 0/0
74.5 77.19 3.61% 3.61%
5/21/2007 7/12/2007 20896.85 -2.06%
DBC Long 4.62% 18490.2 452066.90 1286362.05 37 564.78 0/0
24.449 25.5792 4.62% 5.02%
6/14/2007 7/16/2007 23545.66 -1.47%
FSAIX Long 5.10% 10951.5 461823.42 1309907.70 22 1070.26 0/0
42.17 44.32 5.10% 5.10%
5/15/2007 9/6/2007 -19252.96 -7.20%
EWJ Long -4.34% 32029 443293.43 1290654.74 80 -240.66 0/0
13.8404 13.2393 -4.34% 2.95%
9/6/2007 10/8/2007 24315.80 -1.38%
FBIOX Long 5.46% 6518.98 445115.98 1314970.54 23 1057.21 0/0
68.28 72.01 5.46% 5.93%
7/12/2007 1/9/2008 39575.70 -3.87%
FDFAX Long 8.39% 7931 471498.07 1354546.24 126 314.09 0/0
59.45 64.44 8.39% 10.85%
7/16/2007 1/9/2008 19873.37 -6.60%
FSPHX Long 4.19% 4055.79 474040.70 1374419.61 124 160.27 0/0
116.88 121.78 4.19% 5.12%
10/8/2007 1/9/2008 29357.41 -1.02%
FSHCX Long 6.25% 9562.68 469431.76 1403777.02 65 451.65 0/0
49.09 52.16 6.25% 7.54%
4/24/2008 6/13/2008 -1302.73 -1.58%
HYG Long -0.26% 6510.39 501258.98 1402474.29 36 -36.19 0/0
76.9938 76.7936 -0.26% 2.89%
4/24/2008 6/13/2008 -11395.85 -2.27%
FDFAX Long -2.27% 7913.78 501259.00 1391078.45 36 -316.55 0/0
63.34 61.9 -2.27% 0.84%
4/24/2008 6/13/2008 621.14 -2.51%
FSCGX Long 0.12% 15528.5 501258.98 1391699.58 36 17.25 0/0
32.28 32.32 0.12% 4.55%
4/14/2009 5/15/2009 128916.58 -0.61%
THD Long 25.93% 21585.5 497233.17 1520616.16 24 5371.52 0/0
23.0355 29.0078 25.93% 31.44%
4/14/2009 5/15/2009 35430.80 -5.93%
CHN Long 7.13% 28300.7 497233.17 1556046.96 24 1476.28 0/0
17.5696 18.8216 7.13% 10.35%
4/14/2009 5/19/2009 48354.29 -3.57%
EWM Long 9.72% 65522.2 497233.16 1604401.25 26 1859.78 0/0
7.58877 8.32675 9.72% 12.98%
5/19/2009 7/21/2009 63157.76 -0.80%
FBIOX Long 11.09% 10303.1 569553.12 1667559.00 44 1435.40 0/0
55.28 61.41 11.09% 11.09%
7/21/2009 8/21/2009 92126.30 0.00%
FSVLX Long 15.10% 65337.8 610255.11 1759685.31 24 3838.60 0/0
9.34 10.75 15.10% 16.17%
8/21/2009 10/9/2009 31153.50 -3.28%
FWRLX Long 4.76% 107426 654223.60 1790838.81 35 890.10 0/0
6.09 6.38 4.76% 9.36%
5/15/2009 10/15/2009 75024.19 -2.56%
gld Long 13.30% 6190.11 564228.97 1865863.00 107 701.16 0/0
91.15 103.27 13.30% 14.87%
10/9/2009 11/9/2009 47119.45 -1.87%
ECH Long 6.82% 14404 691256.21 1912982.45 22 2141.79 0/0
47.9905 51.2618 6.82% 6.82%
5/15/2009 12/3/2009 159763.76 0.00%
FPHAX Long 28.32% 67410.9 564228.95 2072746.20 141 1133.08 0/0
8.37 10.74 28.32% 28.79%
10/15/2009 12/22/2009 28958.85 -6.83%
FSUTX Long 4.14% 16178.1 699057.02 2101705.06 48 603.31 0/0
43.21 45 4.14% 4.63%
11/9/2009 1/4/2010 40276.50 -1.12%
FSMEX Long 5.71% 30283.1 705293.01 2141981.56 38 1059.91 0/0
23.29 24.62 5.71% 6.14%
EWM Long 11.39% 70182.4 757969.92 2228305.91 67 1288.42 0/0
1/4/2010 4/9/2010 86324.35 -5.74%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011

13. Sector.Rotation - Backtest Report Page 8 of 8
10.8 12.03 11.39% 11.57%
12/22/2009 6/14/2010 -14090.27 -4.89%
FDFAX Long -1.88% 12359.9 750863.06 2214215.64 119 -118.41 0/0
60.75 59.61 -1.88% 6.30%
6/14/2010 7/26/2010 82470.14 -3.15%
ECH Long 10.59% 13564.2 778583.26 2296685.78 30 2749.00 0/0
57.4 63.48 10.59% 10.59%
12/3/2009 8/30/2010 48456.70 -4.71%
HYG Long 6.63% 9201.33 730933.07 2345142.48 186 260.52 0/0
79.4377 84.704 6.63% 9.16%
4/9/2010 8/30/2010 55216.79 -2.25%
gld Long 6.86% 7115.57 804699.32 2400359.27 100 552.17 0/0
113.09 120.85 6.86% 9.26%
7/26/2010 8/30/2010 46739.17 -3.51%
CEF Long 5.64% 56994.1 828121.41 2447098.44 26 1797.66 0/0
14.5299 15.35 5.64% 6.54%
9/3/2010 10/4/2010 42527.58 -0.27%
FPHAX Long 5.01% 75942.1 849032.81 2489626.02 21 2025.12 0/0
11.18 11.74 5.01% 6.62%
9/3/2010 12/23/2010 93849.69 -0.21%
EWJ Long 11.05% 87710 849032.75 2583475.72 78 1203.20 0/0
9.68 10.75 11.05% 11.36%
9/3/2010 1/6/2011 50421.57 -0.42%
HYG Open Long 5.94% 9872.18 849032.76 2633897.28 88 572.97 0/0
86.0026 91.11 5.94% 6.23%
10/4/2010 1/6/2011 15892.92 -1.36%
FSUTX Open Long 1.82% 18267.7 872466.59 2649790.20 68 233.72 0/0
47.76 48.63 1.82% 4.42%
12/23/2010 1/6/2011 48858.35 -0.29%
EWM Open Long 5.37% 65144.5 910068.19 2698648.55 11 4441.67 0/0
13.97 14.72 5.37% 6.23%
file://C:Program FilesAmiBrokerReportsSector.Rotation-20110107004541421trades.html 1/7/2011