paired short etfs

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Date Dividends 11/20/2009 7.349 TMV Date Open High Low Close Volume Adj Close Return 4/16/2009 61.44 61.99 60.8 61.9 31300 54.97 4/17/2009 62.86 64.92 62.69 64.23 58600 57.04 3.77% 0.71% 4/20/2009 62.36 62.36 60.54 60.8 27800 53.99 -5.35% -0.73% 4/21/2009 59.8 62.55 58.6 62.48 22700 55.48 2.76% 0.26% 4/22/2009 62.34 65.27 62.34 64.59 31200 57.36 3.39% 0.03% 4/23/2009 65.05 65.44 63.86 64.15 43100 56.97 -0.68% 0.16% 4/24/2009 66 67.58 65.75 66.84 65600 59.36 4.20% 0.70% 4/27/2009 65.7 67.83 65.19 65.48 35100 58.15 -2.04% -0.90% 4/28/2009 65.37 70.05 65.04 69.44 20600 61.66 6.04% -0.30% 4/29/2009 69.14 75.2 67.35 71.38 50000 63.39 2.81% 0.49% 4/30/2009 73.34 73.97 71.95 72.53 61200 64.41 1.61% 0.19% 5/1/2009 74.58 75.54 73.99 74.2 19100 65.89 2.30% -0.49% 5/4/2009 73.67 75 72.15 73.01 72600 64.83 -1.61% 0.32% 5/5/2009 73.01 74.44 72 73.34 73200 65.13 0.46% -0.44% 5/6/2009 73.89 74.7 72.2 74.1 85800 65.8 1.03% 0.84% 5/7/2009 75.1 82.22 75.1 81.12 51900 72.04 9.48% -0.80% 5/8/2009 80.55 81.29 79.07 80.5 41000 71.49 -0.76% -0.16% 5/11/2009 79.5 79.5 76.22 76.22 40600 67.69 -5.32% 0.75% 5/12/2009 77.07 77.89 74.69 75.6 30500 67.13 -0.83% -0.50% 5/13/2009 73.7 73.7 72 72.89 124000 64.73 -3.58% 0.64% 5/14/2009 73.54 73.81 71.5 71.78 52300 63.74 -1.53% -0.12% 5/15/2009 72.46 73.43 72.08 72.61 41200 64.48 1.16% -0.22% 5/18/2009 72.8 76.55 72.49 76.55 48100 67.98 5.43% -0.01% 5/19/2009 77.19 78.14 76.22 77.01 45500 68.39 0.60% 0.98% 5/20/2009 77.35 78.28 74.59 74.96 67100 66.57 -2.66% -0.96% 5/21/2009 73.96 83 73.2 81.37 43700 72.26 8.55% 0.25% 5/22/2009 83.53 84.52 81 84.37 50600 74.92 3.68% -0.84% 5/26/2009 82.25 88.66 82.09 88.66 81000 78.73 5.09% 0.56% 5/27/2009 87.34 94.26 87.13 94 96200 83.47 6.02% -0.21% 5/28/2009 88.76 94.2 88.02 89.12 152300 79.14 -5.19% 0.99% 5/29/2009 89.4 89.4 80.6 80.9 111900 71.84 -9.22% -0.09% 6/1/2009 85.84 90.24 85.64 88.96 70900 79 9.97% -0.24% 6/2/2009 87.57 89.5 86.06 86.93 46100 77.2 -2.28% 0.48% 6/3/2009 86.28 87.09 84.16 84.59 36600 75.12 -2.69% 0.39% 6/4/2009 87.45 91.4 86.93 90.09 83100 80 6.50% 0.08% 6/5/2009 92.86 93.56 88.93 92.62 92500 82.25 2.81% -0.25% 6/8/2009 87.62 93.76 87.62 93.76 41600 83.26 1.23% -0.33% 6/9/2009 92.76 94.6 91 92.89 47500 82.49 -0.92% 0.63% 6/10/2009 95.53 103.69 94.24 98.4 159700 87.38 5.93% -0.15% 6/11/2009 100.08 100.66 93.04 94.38 163800 83.81 -4.09% 0.14% 6/12/2009 93.6 93.81 89.65 92.01 76900 81.71 -2.51% -0.07% 6/15/2009 89.68 90.36 88 89.12 60600 79.14 -3.15% 0.09% 6/16/2009 88.82 89.33 83.98 83.98 76400 74.58 -5.76% 0.11% -15.00% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00% Column J Linear (Column J

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Page 1: Paired Short ETFs

Date Dividends11/20/2009 7.349

TMVDate Open High Low Close Volume Adj Close Return

4/16/2009 61.44 61.99 60.8 61.9 31300 54.974/17/2009 62.86 64.92 62.69 64.23 58600 57.04 3.77% 0.71% -4.47%4/20/2009 62.36 62.36 60.54 60.8 27800 53.99 -5.35% -0.73% 6.08%4/21/2009 59.8 62.55 58.6 62.48 22700 55.48 2.76% 0.26% -3.02%4/22/2009 62.34 65.27 62.34 64.59 31200 57.36 3.39% 0.03% -3.42%4/23/2009 65.05 65.44 63.86 64.15 43100 56.97 -0.68% 0.16% 0.52%4/24/2009 66 67.58 65.75 66.84 65600 59.36 4.20% 0.70% -4.90%4/27/2009 65.7 67.83 65.19 65.48 35100 58.15 -2.04% -0.90% 2.94%4/28/2009 65.37 70.05 65.04 69.44 20600 61.66 6.04% -0.30% -5.74%4/29/2009 69.14 75.2 67.35 71.38 50000 63.39 2.81% 0.49% -3.30%4/30/2009 73.34 73.97 71.95 72.53 61200 64.41 1.61% 0.19% -1.80%

5/1/2009 74.58 75.54 73.99 74.2 19100 65.89 2.30% -0.49% -1.81%5/4/2009 73.67 75 72.15 73.01 72600 64.83 -1.61% 0.32% 1.29%5/5/2009 73.01 74.44 72 73.34 73200 65.13 0.46% -0.44% -0.02%5/6/2009 73.89 74.7 72.2 74.1 85800 65.8 1.03% 0.84% -1.86%5/7/2009 75.1 82.22 75.1 81.12 51900 72.04 9.48% -0.80% -8.68%5/8/2009 80.55 81.29 79.07 80.5 41000 71.49 -0.76% -0.16% 0.92%

5/11/2009 79.5 79.5 76.22 76.22 40600 67.69 -5.32% 0.75% 4.57%5/12/2009 77.07 77.89 74.69 75.6 30500 67.13 -0.83% -0.50% 1.32%5/13/2009 73.7 73.7 72 72.89 124000 64.73 -3.58% 0.64% 2.93%5/14/2009 73.54 73.81 71.5 71.78 52300 63.74 -1.53% -0.12% 1.65%5/15/2009 72.46 73.43 72.08 72.61 41200 64.48 1.16% -0.22% -0.94%5/18/2009 72.8 76.55 72.49 76.55 48100 67.98 5.43% -0.01% -5.42%5/19/2009 77.19 78.14 76.22 77.01 45500 68.39 0.60% 0.98% -1.58%5/20/2009 77.35 78.28 74.59 74.96 67100 66.57 -2.66% -0.96% 3.63%5/21/2009 73.96 83 73.2 81.37 43700 72.26 8.55% 0.25% -8.80%5/22/2009 83.53 84.52 81 84.37 50600 74.92 3.68% -0.84% -2.84%5/26/2009 82.25 88.66 82.09 88.66 81000 78.73 5.09% 0.56% -5.65%5/27/2009 87.34 94.26 87.13 94 96200 83.47 6.02% -0.21% -5.81%5/28/2009 88.76 94.2 88.02 89.12 152300 79.14 -5.19% 0.99% 4.19%5/29/2009 89.4 89.4 80.6 80.9 111900 71.84 -9.22% -0.09% 9.31%

6/1/2009 85.84 90.24 85.64 88.96 70900 79 9.97% -0.24% -9.73%6/2/2009 87.57 89.5 86.06 86.93 46100 77.2 -2.28% 0.48% 1.80%6/3/2009 86.28 87.09 84.16 84.59 36600 75.12 -2.69% 0.39% 2.30%6/4/2009 87.45 91.4 86.93 90.09 83100 80 6.50% 0.08% -6.58%6/5/2009 92.86 93.56 88.93 92.62 92500 82.25 2.81% -0.25% -2.56%6/8/2009 87.62 93.76 87.62 93.76 41600 83.26 1.23% -0.33% -0.90%6/9/2009 92.76 94.6 91 92.89 47500 82.49 -0.92% 0.63% 0.29%

6/10/2009 95.53 103.69 94.24 98.4 159700 87.38 5.93% -0.15% -5.78%6/11/2009 100.08 100.66 93.04 94.38 163800 83.81 -4.09% 0.14% 3.94%6/12/2009 93.6 93.81 89.65 92.01 76900 81.71 -2.51% -0.07% 2.57%6/15/2009 89.68 90.36 88 89.12 60600 79.14 -3.15% 0.09% 3.05%6/16/2009 88.82 89.33 83.98 83.98 76400 74.58 -5.76% 0.11% 5.65%6/17/2009 83.83 85.92 81.35 85.66 87400 76.07 2.00% 0.13% -2.13%

-15.00% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

Column JLinear (Column J)

Page 2: Paired Short ETFs

6/18/2009 88.11 91.25 86.46 89.19 97700 79.2 4.11% -0.31% -3.80%6/19/2009 90.24 90.66 85.54 85.54 45200 75.96 -4.09% 0.36% 3.73%6/22/2009 83.58 84.74 81.74 82.88 46400 73.6 -3.11% -0.28% 3.39%6/23/2009 82.48 84.5 79.14 79.74 108400 70.81 -3.79% 0.16% 3.63%6/24/2009 79.76 82.95 78.55 82.92 67900 73.63 3.98% -0.23% -3.75%6/25/2009 81.12 82.73 77.05 77.05 96400 68.42 -7.08% 0.30% 6.77%6/26/2009 77.29 78 76.25 76.84 45700 68.24 -0.26% -0.31% 0.58%6/29/2009 75.8 77.1 75.04 76.73 50900 68.14 -0.15% 0.01% 0.14%6/30/2009 77.72 79.15 75.55 76.88 57300 68.27 0.19% 0.41% -0.60%

7/1/2009 79.3 79.9 77.27 77.72 52800 69.02 1.10% 0.00% -1.10%7/2/2009 76.97 77.6 76.34 77.26 37200 68.61 -0.59% -0.52% 1.11%7/6/2009 78.07 79.5 77.53 77.8 39500 69.09 0.70% 0.45% -1.15%7/7/2009 78.9 79 75.96 76.05 35600 67.53 -2.26% 0.07% 2.19%7/8/2009 74.99 75.5 70.34 71.35 124900 63.36 -6.18% -0.07% 6.25%7/9/2009 74.3 76.54 73.44 74.51 81400 66.17 4.43% 0.06% -4.50%

7/10/2009 73.49 74.02 71.54 71.83 59000 63.79 -3.60% -0.18% 3.77%7/13/2009 71.94 73.56 71 73.3 61100 65.09 2.04% 0.31% -2.35%7/14/2009 75.39 78.14 74.47 77.33 62400 68.67 5.50% 0.05% -5.55%7/15/2009 81.09 84.09 80.15 83.67 84900 74.3 8.20% 0.08% -8.28%7/16/2009 79.95 80.72 78.9 80.41 58000 71.41 -3.89% 0.02% 3.87%7/17/2009 82.5 84.13 81.46 84.12 78800 74.7 4.61% -0.20% -4.40%7/20/2009 85.32 85.54 80.6 82.9 98700 73.62 -1.45% 0.19% 1.26%7/21/2009 83.73 84.08 76.75 77.1 82800 68.47 -7.00% 0.20% 6.79%7/22/2009 77.66 80.67 77.66 79.65 62800 70.73 3.30% -0.21% -3.09%7/23/2009 79.11 85.66 79.08 84.5 97400 75.04 6.09% 0.18% -6.27%7/24/2009 84.39 84.89 83.15 83.27 26400 73.95 -1.45% -0.02% 1.47%7/27/2009 86.49 87.76 85.74 86.37 59200 76.7 3.72% -0.42% -3.30%7/28/2009 85.42 86.14 81.74 83.5 80800 74.15 -3.32% 0.33% 2.99%7/29/2009 80.24 84.3 80 81.92 58400 72.75 -1.89% 0.34% 1.55%7/30/2009 82.32 83.16 77.97 78.15 113000 69.4 -4.60% -0.30% 4.90%7/31/2009 76.12 77.62 73.17 73.23 152600 65.03 -6.30% 0.17% 6.13%

8/3/2009 74.79 77.93 74.79 76.99 129700 68.37 5.14% 0.01% -5.14%8/4/2009 75 80.69 75 78.91 82000 70.07 2.49% 0.02% -2.51%8/5/2009 81.55 83 77.8 82.93 67600 73.64 5.09% 0.29% -5.38%8/6/2009 82.73 84 80.05 81.7 67300 72.55 -1.48% 0.04% 1.44%8/7/2009 84.24 84.98 83.15 84.32 90600 74.88 3.21% 0.12% -3.33%

8/10/2009 84.04 84.33 80.58 80.8 46600 71.75 -4.18% -0.19% 4.37%8/11/2009 78.45 79.76 77.2 77.59 87800 68.9 -3.97% -0.18% 4.16%8/12/2009 77.25 81.7 77.25 80.65 72200 71.62 3.95% 0.48% -4.43%8/13/2009 80.08 81.16 76.44 76.65 89000 68.07 -4.96% -0.57% 5.52%8/14/2009 76.11 76.11 73.66 75.93 97900 67.43 -0.94% -0.11% 1.05%8/17/2009 74.35 74.4 72.26 72.4 159500 64.29 -4.66% 0.71% 3.94%8/18/2009 72.54 74.14 72.23 73.75 39000 65.49 1.87% -0.07% -1.80%8/19/2009 71.1 72.86 70.62 71.27 101500 63.29 -3.36% 0.23% 3.13%8/20/2009 70.5 71.72 69.34 69.54 64000 61.75 -2.43% -0.33% 2.76%8/21/2009 69.86 74.72 69.79 74.56 96700 66.21 7.22% 0.20% -7.42%8/24/2009 75.33 75.33 70.03 70.03 100600 62.19 -6.07% 0.24% 5.84%8/25/2009 70 70.93 68.21 68.46 170700 60.79 -2.25% -0.55% 2.80%

Page 3: Paired Short ETFs

8/26/2009 68.25 68.66 67.24 67.54 103900 59.98 -1.33% -0.01% 1.35%8/27/2009 68.4 68.99 67.09 68.48 45500 60.81 1.38% 0.68% -2.06%8/28/2009 69.92 70 67.05 67.05 45800 59.54 -2.09% -0.04% 2.13%8/31/2009 67.71 68.88 66.1 66.69 54900 59.22 -0.54% -0.30% 0.83%

9/1/2009 67.69 69.99 66.11 67 49700 59.5 0.47% 0.56% -1.03%9/2/2009 66.34 66.86 63.5 64.16 135900 56.98 -4.24% -0.75% 4.99%9/3/2009 65.72 66.12 64.95 65.63 47000 58.28 2.28% 0.48% -2.76%9/4/2009 66.54 69.39 66.24 69.24 84300 61.49 5.51% 0.12% -5.63%9/8/2009 70.69 70.98 68.5 70.7 80500 62.78 2.10% 0.26% -2.36%9/9/2009 72 73.06 70.91 71.02 84800 63.07 0.46% -0.13% -0.33%

9/10/2009 69.63 70.02 65.3 67 154900 59.5 -5.66% -0.72% 6.38%9/11/2009 65.36 65.82 63.39 65.61 154700 58.26 -2.08% 0.30% 1.78%9/14/2009 66.74 67.5 65.57 67.5 51200 59.94 2.88% 0.26% -3.14%9/15/2009 68.71 68.86 67.29 68.57 57300 60.89 1.58% 0.25% -1.83%9/16/2009 68.32 70.02 66.92 67.82 108300 60.23 -1.08% 0.14% 0.95%9/17/2009 67.68 68.35 65.11 65.29 61500 57.98 -3.74% -0.34% 4.07%9/18/2009 66.16 67.35 65.41 66.94 72600 59.44 2.52% 0.16% -2.68%9/21/2009 66.38 68.1 65.65 66.87 45800 59.38 -0.10% -0.22% 0.32%9/22/2009 67.06 67.68 65.78 66.02 35900 58.63 -1.26% 0.31% 0.95%9/23/2009 66.66 68.04 65.4 65.75 70500 58.39 -0.41% 0.59% -0.18%9/24/2009 65.56 66.27 64.32 64.89 67600 57.62 -1.32% -0.59% 1.91%9/25/2009 63.86 65.2 62.29 62.4 107200 55.41 -3.84% -0.07% 3.90%9/28/2009 61.72 62 60.42 60.58 116400 53.8 -2.91% -0.11% 3.02%9/29/2009 61.55 61.8 59.87 60.44 39900 53.67 -0.24% 0.29% -0.05%9/30/2009 60.88 61.5 60.01 60.67 41600 53.88 0.39% -0.15% -0.24%10/1/2009 59.69 59.8 57.33 58.16 155800 51.65 -4.14% 0.07% 4.07%10/2/2009 57.16 59.89 56.94 59.5 54300 52.84 2.30% -0.15% -2.15%10/5/2009 58.71 59.97 58.23 59.68 58900 53 0.30% -0.09% -0.21%10/6/2009 60.08 61.62 59.87 61.51 83000 54.62 3.06% 0.26% -3.32%10/7/2009 60.08 60.15 58.74 58.97 139600 52.37 -4.12% 0.27% 3.85%10/8/2009 57.96 61.96 57.79 61.14 120800 54.29 3.67% -0.17% -3.49%10/9/2009 62.24 66.42 61.86 65.6 252900 58.25 7.29% -0.01% -7.28%

10/12/2009 66.05 66.05 64.51 64.81 123800 57.55 -1.20% -0.09% 1.29%10/13/2009 63.72 64.22 63.15 63.83 115800 56.68 -1.51% -0.02% 1.54%10/14/2009 66.05 67.42 65 67.05 135000 59.54 5.05% 0.03% -5.08%10/15/2009 68.02 68.5 65.97 67.94 116500 60.33 1.33% 0.43% -1.76%10/16/2009 66.6 67.55 65.7 65.72 72200 58.36 -3.27% -0.09% 3.35%10/19/2009 65.61 66.07 64.13 64.13 98500 56.95 -2.42% 0.05% 2.37%10/20/2009 62.56 63.43 62 63.09 55000 56.03 -1.62% 0.03% 1.58%10/21/2009 64.38 65.76 64.38 64.53 63300 57.3 2.27% -0.30% -1.97%10/22/2009 66.05 66.2 65.19 65.38 36000 58.06 1.33% 0.13% -1.46%10/23/2009 67.35 67.35 66.14 67.21 117100 59.68 2.79% 0.18% -2.97%10/26/2009 68.08 70.23 68.08 70.01 150500 62.17 4.17% -0.05% -4.12%10/27/2009 69.24 69.39 66.58 66.64 166600 59.18 -4.81% 0.28% 4.52%10/28/2009 66.51 66.86 65.04 65.77 167000 58.41 -1.30% -0.31% 1.61%10/29/2009 67.16 69.28 66.88 68.17 136400 60.54 3.65% 0.08% -3.72%10/30/2009 66.57 67.14 64.45 64.91 114800 57.64 -4.79% 0.06% 4.73%

11/2/2009 65 66.63 64.77 66.01 107300 58.62 1.70% -0.27% -1.44%

Page 4: Paired Short ETFs

11/3/2009 65.62 68.47 65.31 68.34 157400 60.69 3.53% 0.16% -3.69%11/4/2009 69.12 71.3 68.25 70.06 172200 62.21 2.50% -0.12% -2.38%11/5/2009 71.04 71.17 70.05 70.1 132200 62.25 0.06% 0.60% -0.66%11/6/2009 69.87 71.97 69.55 69.97 111100 62.14 -0.18% -0.40% 0.58%11/9/2009 69.93 70.38 68.89 69.77 109300 61.96 -0.29% -0.17% 0.46%

11/10/2009 68.77 71.03 67.87 70.38 78300 62.5 0.87% 0.04% -0.91%11/11/2009 68.95 69.24 67.95 68.59 59800 60.91 -2.54% 1.36% 1.18%11/12/2009 69.85 71.91 69.27 69.74 82900 61.93 1.67% -1.30% -0.37%11/13/2009 68.83 69.57 68.13 68.44 54100 60.78 -1.86% 0.28% 1.57%11/16/2009 66.94 66.99 65.05 65.95 166700 58.57 -3.64% -0.39% 4.03%11/17/2009 66.15 66.42 64.3 64.96 163200 57.69 -1.50% 0.09% 1.41%11/18/2009 65.04 66.67 65.04 66.47 119900 59.03 2.32% 0.05% -2.38%11/19/2009 65.54 66.25 64.25 65.63 93200 58.28 -1.27% 0.78% 0.49%11/20/2009 58.96 59.6 58.12 58.62 215500 58.62 0.58% -0.64% 0.05%11/23/2009 59.52 60 58.5 58.74 165900 58.74 0.20% 0.15% -0.35%11/24/2009 58.64 58.68 57.29 57.61 72400 57.61 -1.92% -0.26% 2.18%11/25/2009 57.88 58.93 56.43 56.71 207000 56.71 -1.56% 0.31% 1.26%11/27/2009 56.24 56.7 55.92 55.99 95600 55.99 -1.27% 0.08% 1.19%11/30/2009 56.47 56.73 55.45 55.49 65100 55.49 -0.89% -0.15% 1.04%

12/1/2009 56.73 57.8 56.5 57.69 76300 57.69 3.96% 0.14% -4.10%12/2/2009 57.58 58.11 56.23 57.32 96000 57.32 -0.64% -0.19% 0.83%12/3/2009 59.14 59.47 58.48 59.41 150500 59.41 3.65% 0.14% -3.79%12/4/2009 61.6 62.33 60.75 61.4 179100 61.4 3.35% 0.31% -3.66%12/7/2009 61.4 61.86 60.44 61.02 76800 61.02 -0.62% -0.22% 0.83%12/8/2009 59.78 61.36 59.09 60.65 65000 60.65 -0.61% 0.06% 0.54%12/9/2009 60.96 62.65 59.85 61.61 87700 61.61 1.58% -0.08% -1.50%

12/10/2009 62.94 64.5 62.61 64.11 139900 64.11 4.06% -0.05% -4.01%12/11/2009 64.8 65.9 63.65 64.2 114400 64.2 0.14% 0.07% -0.21%12/14/2009 63.38 63.9 63 63.78 50000 63.78 -0.65% 0.14% 0.51%12/15/2009 65.31 65.35 64.2 64.87 79100 64.87 1.71% -0.12% -1.59%12/16/2009 64.38 65.5 63.66 65 82600 65 0.20% 0.35% -0.55%12/17/2009 63.1 63.81 61.4 61.43 139800 61.43 -5.49% -0.17% 5.66%12/18/2009 61.63 62.75 60.97 62.68 84000 62.68 2.03% -0.15% -1.88%12/21/2009 63.89 65.94 63.77 65.87 130100 65.87 5.09% 0.04% -5.13%12/22/2009 66.75 67.91 66.56 67.11 181700 67.11 1.88% 0.39% -2.27%12/23/2009 66.39 67.37 65.19 67.05 79400 67.05 -0.09% -0.04% 0.13%12/24/2009 68.01 69.45 67.76 69.37 95100 69.37 3.46% -0.03% -3.43%12/28/2009 69.64 70.22 69.3 69.67 158600 69.67 0.43% 0.00% -0.43%12/29/2009 69.54 69.54 67.9 68.09 164600 68.09 -2.27% 0.19% 2.08%12/30/2009 67.84 68.09 66.58 66.75 88500 66.75 -1.97% 0.02% 1.94%12/31/2009 68.26 69.99 67.5 68.25 148600 68.25 2.25% -0.60% -1.65%

1/4/2010 68.02 68.65 67.4 67.98 94400 67.98 -0.40% 0.27% 0.13%1/5/2010 67.53 67.6 65.83 66.58 92600 66.58 -2.06% 0.03% 2.03%1/6/2010 67.3 69.74 67.03 69.48 119000 69.48 4.36% -0.18% -4.17%1/7/2010 69.46 69.5 68.34 69.22 65200 69.22 -0.37% 0.37% 0.00%1/8/2010 68.6 70.51 68.54 69.51 110000 69.51 0.42% 0.11% -0.53%

1/11/2010 70.15 70.69 69.25 70.44 75700 70.44 1.34% -0.04% -1.29%1/12/2010 67.17 67.93 66.46 66.68 231300 66.68 -5.34% 0.13% 5.21%

Page 5: Paired Short ETFs

1/13/2010 67.62 69.47 66.83 69.05 90000 69.05 3.55% 0.18% -3.74%1/14/2010 68.07 69.27 66.09 66.2 129300 66.2 -4.13% 0.05% 4.08%1/15/2010 64.97 65.22 64.36 65.15 103800 65.15 -1.59% -0.26% 1.85%1/19/2010 65.82 66.41 64.75 65.42 75700 65.42 0.41% -0.01% -0.41%1/20/2010 64.27 64.31 63.3 63.55 95600 63.55 -2.86% 0.19% 2.67%1/21/2010 63.91 63.94 62 62.39 95800 62.39 -1.83% -0.35% 2.17%1/22/2010 62.79 63.34 62.23 62.73 71600 62.73 0.54% 0.26% -0.81%1/25/2010 63.82 63.97 62.97 63.72 60000 63.72 1.58% 0.11% -1.69%1/26/2010 62.65 64.16 62.64 63.73 58800 63.73 0.02% -0.11% 0.09%1/27/2010 63.39 64.07 62.67 63.56 89800 63.56 -0.27% 0.11% 0.15%1/28/2010 64.66 64.82 63.57 64.07 91500 64.07 0.80% 0.21% -1.01%1/29/2010 64.24 64.35 62.1 62.23 83300 62.23 -2.87% -0.01% 2.88%

2/1/2010 62.69 64.2 62.69 64.08 64800 64.08 2.97% -0.23% -2.74%2/2/2010 63.89 64.22 63.44 63.56 43000 63.56 -0.81% 0.29% 0.53%2/3/2010 64.66 65.88 64.38 65.87 99700 65.87 3.63% -0.06% -3.57%2/4/2010 64.29 64.42 62.31 62.37 146500 62.37 -5.31% 0.14% 5.17%2/5/2010 63.39 63.63 61.13 62.19 152200 62.19 -0.29% -0.11% 0.39%2/8/2010 62.23 62.7 61.73 61.73 83600 61.73 -0.74% 0.20% 0.54%2/9/2010 62.41 63.88 61.5 63.79 116400 63.79 3.34% -0.30% -3.04%

2/10/2010 63.39 65.95 62.82 65.61 100800 65.61 2.85% 0.19% -3.04%2/11/2010 65.84 67.87 65.72 66.73 149100 66.73 1.71% 0.15% -1.85%2/12/2010 65.59 66.4 65.39 65.82 38700 65.82 -1.36% 0.22% 1.14%2/16/2010 66.71 66.72 65.1 65.21 45800 65.21 -0.93% 0.06% 0.87%2/17/2010 66.53 68.08 65.94 67.6 101600 67.6 3.67% -0.47% -3.19%2/18/2010 67.35 69.6 67.21 68.42 140500 68.42 1.21% 0.47% -1.68%2/19/2010 67.85 68.6 67.15 67.36 186900 67.36 -1.55% 0.01% 1.54%2/22/2010 68.03 68.43 67.75 68 72300 68 0.95% -0.19% -0.76%2/23/2010 67.61 67.66 64.74 64.87 121800 64.87 -4.60% -0.26% 4.86%2/24/2010 64.67 65.46 64 64.51 85300 64.51 -0.55% 0.30% 0.25%2/25/2010 63.39 63.86 63.18 63.25 77500 63.25 -1.95% 0.12% 1.84%2/26/2010 62.71 63.1 61.48 62.48 138600 62.48 -1.22% -0.24% 1.46%

3/1/2010 62.51 63.31 61.97 62.29 62600 62.29 -0.30% 0.30% 0.00%3/2/2010 63.41 63.66 62.48 62.59 62700 62.59 0.48% 0.01% -0.49%3/3/2010 63.18 63.79 63.01 63.04 52500 63.04 0.72% 0.21% -0.92%3/4/2010 63.31 63.48 61.7 62.27 57100 62.27 -1.22% -0.18% 1.40%3/5/2010 63.48 65.13 63.48 64.92 106200 64.92 4.26% -0.21% -4.05%3/8/2010 65.51 65.97 65.4 65.78 88600 65.78 1.32% 0.02% -1.34%3/9/2010 65.36 66.58 65.25 65.67 56300 65.67 -0.17% 0.04% 0.13%

3/10/2010 66.48 67.08 65.93 66.05 70500 66.05 0.58% 0.13% -0.71%3/11/2010 66.61 66.65 64.84 65.4 68700 65.4 -0.98% 0.17% 0.81%3/12/2010 65.75 65.75 63.9 64.18 110300 64.18 -1.87% -0.14% 2.00%3/15/2010 64.31 64.96 64.11 64.28 41300 64.28 0.16% -0.06% -0.10%3/16/2010 64.17 64.17 62.66 62.78 155900 62.78 -2.33% 0.08% 2.25%3/17/2010 62.21 62.82 61.99 61.99 174100 61.99 -1.26% 0.14% 1.12%3/18/2010 61.96 62.94 61.85 62.63 75300 62.63 1.03% -0.17% -0.86%3/19/2010 63.17 63.19 61.8 62.36 119700 62.36 -0.43% 0.15% 0.28%3/22/2010 62.21 62.35 61.84 62.07 37200 62.07 -0.47% -0.06% 0.52%3/23/2010 62.78 63.1 62.4 63.04 40100 63.04 1.56% 0.59% -2.15%

Page 6: Paired Short ETFs

3/24/2010 65.32 67.01 64.52 66.51 305300 66.51 5.50% 0.05% -5.55%3/25/2010 67.03 68.73 66.67 67.86 180700 67.86 2.03% 0.03% -2.06%3/26/2010 68.2 68.39 67.01 67.22 86100 67.22 -0.94% -0.07% 1.02%3/29/2010 67.66 68.7 67.58 68.09 124000 68.09 1.29% 0.15% -1.44%3/30/2010 68.34 68.87 67.3 67.35 81800 67.35 -1.09% -0.04% 1.12%3/31/2010 66.67 67.23 65.96 66 122500 66 -2.00% 0.02% 1.99%

4/1/2010 66.98 67.61 66.5 66.7 92500 66.7 1.06% -0.14% -0.92%4/5/2010 68.85 70.1 68.42 69.83 269400 69.83 4.69% 0.37% -5.07%4/6/2010 69.08 70.25 68.9 69.54 115100 69.54 -0.42% 0.03% 0.39%4/7/2010 69.85 70.3 66.29 66.68 149200 66.68 -4.11% -0.08% 4.20%4/8/2010 66.43 67.34 65.86 66.81 90500 66.81 0.19% -0.13% -0.07%4/9/2010 67.17 67.54 66.1 66.24 82300 66.24 -0.85% 0.25% 0.60%

4/12/2010 65.75 65.9 64.9 65.03 121200 65.03 -1.83% -0.11% 1.94%4/13/2010 64.1 64.89 63.86 64.42 112800 64.42 -0.94% -0.11% 1.05%4/14/2010 64.46 65.94 64.24 65.94 106700 65.94 2.36% 0.17% -2.53%4/15/2010 66.59 66.8 65 65.63 128900 65.63 -0.47% -0.13% 0.60%4/16/2010 65.42 65.6 63.86 64.05 220600 64.05 -2.41% 0.16% 2.25%4/19/2010 64 64.87 63.73 64.61 112400 64.61 0.87% 0.13% -1.00%4/20/2010 64.11 64.55 63.8 63.85 77400 63.85 -1.18% -0.13% 1.31%4/21/2010 63.13 63.16 61.99 62.2 338800 62.2 -2.58% 0.01% 2.58%4/22/2010 61.94 63.04 61.45 62.87 187900 62.87 1.08% 0.02% -1.10%4/23/2010 63.3 63.87 62.91 63.56 79600 63.56 1.10% 0.11% -1.21%4/26/2010 62.63 63.8 62.35 63.4 72400 63.4 -0.25% 0.16% 0.10%4/27/2010 61.9 62.2 59.75 60.38 530600 60.38 -4.76% -0.06% 4.82%4/28/2010 61.24 62.52 60.69 61.98 269800 61.98 2.65% 0.17% -2.82%4/29/2010 61.88 62.51 61.01 61.32 88800 61.32 -1.06% -0.26% 1.32%4/30/2010 61 61.22 59.05 59.1 246100 59.1 -3.62% -0.05% 3.67%

5/3/2010 59.76 60.01 59.22 59.31 104300 59.31 0.36% -0.02% -0.33%5/4/2010 57.06 57.55 55.83 56.03 337600 56.03 -5.53% -0.07% 5.60%5/5/2010 54.81 55.97 53.22 55.03 357200 55.03 -1.78% -0.04% 1.83%5/6/2010 54.74 55.15 46.95 49.92 592200 49.92 -9.29% -1.05% 10.34%5/7/2010 51.05 51.98 47.46 51.57 514500 51.57 3.31% 1.47% -4.77%

5/10/2010 55.6 55.75 54.27 54.83 329000 54.83 6.32% 0.29% -6.61%5/11/2010 54.31 55.95 54.15 55.33 206100 55.33 0.91% -0.37% -0.54%5/12/2010 55.76 56.7 55.44 56.68 124800 56.68 2.44% 0.43% -2.87%5/13/2010 55.52 57.4 54.88 55.53 211500 55.53 -2.03% -0.39% 2.42%5/14/2010 53.92 53.97 51.39 52.48 303500 52.48 -5.49% -0.08% 5.57%5/17/2010 52.63 53.23 51.05 53.09 261500 53.09 1.16% 0.31% -1.48%5/18/2010 52.36 52.61 50.19 50.5 224700 50.5 -4.88% -0.53% 5.41%5/19/2010 50.53 50.7 48.87 49.91 215000 49.91 -1.17% -0.04% 1.21%5/20/2010 47.45 47.99 46.23 46.69 836800 46.69 -6.45% 0.03% 6.42%5/21/2010 44.65 47.3 44.46 46.47 547200 46.47 -0.47% -0.07% 0.54%5/24/2010 45.97 47.24 45.85 46.97 139600 46.97 1.08% 0.19% -1.26%5/25/2010 44.63 46.29 44.2 46 484600 46 -2.07% 0.64% 1.43%5/26/2010 46.84 47.9 46.5 46.58 387900 46.58 1.26% -0.27% -1.00%5/27/2010 48.85 50 48.55 49.86 367600 49.86 7.04% 0.36% -7.40%5/28/2010 49.3 49.91 48.82 49.21 230100 49.21 -1.30% -1.45% 2.75%

6/1/2010 47.95 48.95 47.25 48.12 104800 48.12 -2.21% 1.21% 1.00%

Page 7: Paired Short ETFs

6/2/2010 48.07 49.78 47.63 49.55 322100 49.55 2.97% -0.01% -2.96%6/3/2010 50.69 50.97 49.66 50.73 301400 50.73 2.38% 0.01% -2.39%6/4/2010 48.03 48.35 46.33 46.43 294900 46.43 -8.48% -0.06% 8.54%6/7/2010 47.01 47.27 45.45 45.49 422500 45.49 -2.02% -0.13% 2.16%6/8/2010 46.26 46.55 45.49 46.21 421900 46.21 1.58% 0.04% -1.63%6/9/2010 46.8 47.35 46 46.19 544400 46.19 -0.04% 0.02% 0.02%

6/10/2010 47.44 49.05 47.2 48.91 493700 48.91 5.89% 0.06% -5.95%6/11/2010 47.45 48.18 46.38 46.81 358000 46.81 -4.29% 0.15% 4.15%6/14/2010 48.69 48.74 47 47.57 281000 47.57 1.62% 0.04% -1.66%6/15/2010 47.33 48.96 47.16 48.36 469900 48.36 1.66% -0.02% -1.64%6/16/2010 47.3 48.48 47.2 47.54 267600 47.54 -1.70% -0.02% 1.72%6/17/2010 47.3 47.34 45.72 46.27 291500 46.27 -2.67% 0.01% 2.66%6/18/2010 46.12 46.71 45.92 46.48 542900 46.48 0.45% 0.14% -0.60%6/21/2010 48.3 48.38 46.67 46.88 506400 46.88 0.86% -0.06% -0.80%6/22/2010 46.54 46.86 45.13 45.18 484000 45.18 -3.63% -0.14% 3.77%6/23/2010 45.13 45.15 43.69 44.12 580600 44.12 -2.35% 0.32% 2.02%6/24/2010 44.04 45.41 43.75 45.01 473000 45.01 2.02% -0.15% -1.86%6/25/2010 45.53 45.69 44.05 44.37 432700 44.37 -1.42% 0.18% 1.24%6/28/2010 43.62 43.82 43.03 43.08 431100 43.08 -2.91% -0.12% 3.03%6/29/2010 42.5 42.79 41.42 41.56 638800 41.56 -3.53% 0.03% 3.50%6/30/2010 41.1 41.83 40.61 40.69 451000 40.69 -2.09% -0.12% 2.21%

7/1/2010 40.48 40.68 39.18 40.49 560200 40.49 -0.49% 0.05% 0.44%7/2/2010 41.23 41.69 40.67 41.53 549600 41.53 2.57% -0.09% -2.48%7/6/2010 41.46 41.49 40.27 40.41 362600 40.41 -2.70% 0.29% 2.41%7/7/2010 40.65 42.02 40.55 41.92 434700 41.92 3.74% -0.04% -3.70%7/8/2010 42.69 43.04 42.29 42.67 319500 42.67 1.79% 0.13% -1.92%7/9/2010 43.24 43.59 42.97 43.59 298200 43.59 2.16% -0.13% -2.03%

7/12/2010 43.29 43.7 42.63 43.58 313300 43.58 -0.02% -0.05% 0.07%7/13/2010 44 44.91 43.91 44.71 463000 44.71 2.59% 0.12% -2.71%7/14/2010 44.1 44.58 43 43.21 497100 43.21 -3.35% 0.28% 3.08%7/15/2010 42.7 42.7 41.47 41.84 512300 41.84 -3.17% -0.24% 3.41%7/16/2010 41.93 42 40.85 41.2 370000 41.2 -1.53% 0.09% 1.44%7/19/2010 41.5 42.33 41.34 42.08 296300 42.08 2.14% -0.01% -2.12%7/20/2010 41.45 42.09 41.14 41.9 234900 41.9 -0.43% -0.06% 0.48%7/21/2010 41.73 41.78 39.32 39.7 453900 39.7 -5.25% -0.10% 5.35%7/22/2010 40.29 41.18 40.28 41.08 319100 41.08 3.48% 0.12% -3.60%7/23/2010 41.21 42.55 41 42.44 270800 42.44 3.31% 0.04% -3.35%7/26/2010 42.58 43.43 42.35 42.56 218800 42.56 0.28% 0.19% -0.47%7/27/2010 43.66 43.98 43.08 43.89 336400 43.89 3.12% -0.26% -2.87%7/28/2010 44.12 44.42 43.2 43.47 333800 43.47 -0.96% 0.33% 0.63%7/29/2010 44.69 44.96 43.46 43.57 325200 43.57 0.23% -0.23% 0.00%7/30/2010 41.95 42.42 41.35 41.54 512100 41.54 -4.66% -0.03% 4.69%

8/2/2010 42.74 43.36 42.6 43.25 150900 43.25 4.12% 0.09% -4.20%8/3/2010 42.79 43.07 42.12 42.64 212000 42.64 -1.41% -0.03% 1.44%8/4/2010 42.36 43.58 42.3 43.58 255800 43.58 2.20% 0.23% -2.43%8/5/2010 42.51 43.27 42.32 42.96 331400 42.96 -1.42% 0.14% 1.28%8/6/2010 41.97 42.36 41.36 41.51 238500 41.51 -3.38% -0.07% 3.44%8/9/2010 42.04 42.16 41.67 41.96 191000 41.96 1.08% -0.09% -0.99%

Page 8: Paired Short ETFs

8/10/2010 41.52 42.34 40.33 41.8 375700 41.8 -0.38% 0.10% 0.28%8/11/2010 41.29 41.38 39.88 40.04 304100 40.04 -4.21% -0.03% 4.24%8/12/2010 39.71 40.61 39.25 40.49 229400 40.49 1.12% -0.21% -0.92%8/13/2010 39.68 39.85 38.72 38.84 756600 38.84 -4.08% 0.04% 4.04%8/16/2010 36.5 36.75 35.79 35.8 679800 35.8 -7.83% 0.20% 7.63%8/17/2010 35.83 36.78 35.8 36.56 396800 36.56 2.12% -0.15% -1.97%8/18/2010 35.64 36.18 34.99 36.16 512100 36.16 -1.09% -0.04% 1.13%8/19/2010 35.92 36.05 33.94 34.4 755400 34.4 -4.87% 0.05% 4.81%8/20/2010 34.14 34.76 33.72 34.52 534300 34.52 0.35% 0.14% -0.48%8/23/2010 34.97 35.34 34.46 34.58 529600 34.58 0.17% 0.00% -0.18%8/24/2010 33.57 33.9 32.5 32.79 577000 32.79 -5.18% 0.18% 4.99%8/25/2010 31.82 33.42 31.34 33.1 737500 33.1 0.95% -0.20% -0.74%8/26/2010 32.93 33.19 32.09 32.14 513500 32.14 -2.90% 0.09% 2.81%8/27/2010 32.89 35.14 32.29 35.02 711500 35.02 8.96% 0.05% -9.01%8/30/2010 34.14 34.52 32.99 32.99 564700 32.99 -5.80% -0.41% 6.20%8/31/2010 32.1 32.66 31.7 31.72 772400 31.72 -3.85% 0.53% 3.32%

9/1/2010 32.98 34.67 32.87 33.88 696600 33.88 6.81% -0.01% -6.80%9/2/2010 34.73 35.5 34.63 35.03 499200 35.03 3.39% -0.07% -3.33%9/3/2010 37.35 37.39 36.12 36.42 563100 36.42 3.97% 0.04% -4.01%9/7/2010 34.75 35.05 33.95 34.07 468700 34.07 -6.45% -0.11% 6.56%9/8/2010 34.66 35.45 34.54 34.91 480800 34.91 2.47% 0.11% -2.57%9/9/2010 36.1 37.25 35.73 37.02 650900 37.02 6.04% 0.15% -6.20%

9/10/2010 37.77 38.19 37.23 37.64 513400 37.64 1.67% -0.09% -1.58%9/13/2010 38.25 38.28 36.73 37.08 621000 37.08 -1.49% 0.15% 1.34%9/14/2010 36.79 36.86 35.91 35.92 367000 35.92 -3.13% -0.04% 3.17%9/15/2010 37.07 37.75 36.52 37.55 412500 37.55 4.54% -0.08% -4.46%9/16/2010 38.5 39.27 38.1 38.51 500700 38.51 2.56% 0.09% -2.64%9/17/2010 37.8 38.39 37.51 38.05 266200 38.05 -1.19% 0.11% 1.09%9/20/2010 37.46 37.96 37.08 37.32 372300 37.32 -1.92% -0.01% 1.92%9/21/2010 36.89 37.28 35.49 35.9 653500 35.9 -3.80% -0.02% 3.82%9/22/2010 34.86 35.64 34.37 34.87 547900 34.87 -2.87% 0.06% 2.81%9/23/2010 34.03 35.17 34 34.5 372100 34.5 -1.06% 0.05% 1.01%9/24/2010 35.47 35.89 35.29 35.88 309600 35.88 4.00% -0.05% -3.95%9/27/2010 34.85 34.87 33.89 34.02 428600 34.02 -5.18% 0.24% 4.94%9/28/2010 33.95 33.97 33.05 33.36 430900 33.36 -1.94% -0.16% 2.10%9/29/2010 33.17 33.94 33.09 33.74 294100 33.74 1.14% 0.01% -1.15%9/30/2010 33.94 35.17 33.75 33.75 372400 33.75 0.03% 0.09% -0.12%10/1/2010 34.65 34.89 33.83 34.26 329100 34.26 1.51% 0.21% -1.72%10/4/2010 34.3 34.49 34 34.04 259200 34.04 -0.64% -0.21% 0.86%10/5/2010 34.17 34.93 34.1 34.57 314400 34.57 1.56% 0.18% -1.74%10/6/2010 33.97 34.01 32.8 33.35 705500 33.35 -3.53% -0.18% 3.70%10/7/2010 33.73 34.15 33.5 34.1 366200 34.1 2.25% 0.17% -2.42%10/8/2010 33.97 34.56 33.4 34.54 375200 34.54 1.29% -0.15% -1.14%

10/11/2010 34.59 34.81 34.47 34.51 207900 34.51 -0.09% 0.15% -0.06%10/12/2010 34.4 35.62 34.05 35.53 565100 35.53 2.96% 0.09% -3.05%10/13/2010 36.46 36.77 35.68 35.76 550000 35.76 0.65% -0.24% -0.40%10/14/2010 35.52 37.39 35.13 37.35 650700 37.35 4.45% 0.12% -4.56%10/15/2010 38.33 39.13 37.87 38.6 863600 38.6 3.35% 0.18% -3.53%

Page 9: Paired Short ETFs

10/18/2010 37.65 38.1 37.35 37.65 687500 37.65 -2.46% -0.06% 2.52%10/19/2010 38.37 38.37 36.64 37.08 579800 37.08 -1.51% -0.04% 1.56%10/20/2010 37.41 37.59 36.43 36.92 563800 36.92 -0.43% 0.01% 0.42%10/21/2010 37.06 38.15 36.85 38.04 538100 38.04 3.03% 0.24% -3.28%10/22/2010 38.41 38.44 37.28 37.39 476700 37.39 -1.71% -0.05% 1.76%10/25/2010 36.55 37.16 36.4 37.07 616400 37.07 -0.86% -0.20% 1.06%10/26/2010 37.92 38.82 37.73 38.77 585900 38.77 4.59% 0.16% -4.74%10/27/2010 39.27 39.77 38.69 39.75 975100 39.75 2.53% 0.00% -2.52%10/28/2010 39.35 39.84 39.04 39.48 778700 39.48 -0.68% 0.18% 0.50%10/29/2010 39.08 39.31 38.29 38.4 507400 38.4 -2.74% -0.13% 2.86%

11/1/2010 37.56 39.04 37.54 38.83 348300 38.83 1.12% -0.03% -1.09%11/2/2010 37.93 37.95 37.18 37.37 419100 37.37 -3.76% 0.03% 3.73%11/3/2010 36.49 40.13 35.91 39.54 1487500 39.54 5.81% -0.02% -5.79%11/4/2010 39.27 39.39 38.45 38.7 573400 38.7 -2.12% 0.04% 2.09%11/5/2010 40.2 40.63 39.7 40.51 806900 40.51 4.68% 0.21% -4.89%11/8/2010 39.88 40.85 39.48 40.1 528200 40.1 -1.01% -0.12% 1.14%11/9/2010 40.03 42.83 39.99 42.76 1256700 42.76 6.63% 0.04% -6.67%

11/10/2010 42.6 44.35 42.1 42.56 1747200 42.56 -0.47% 0.13% 0.34%11/11/2010 42.5 42.87 42.23 42.57 334900 42.57 0.02% 0.00% -0.03%11/12/2010 42.8 43.28 42.08 43.28 502300 43.28 1.67% 0.00% -1.67%11/15/2010 43.98 45.95 43.44 45.92 1474700 45.92 6.10% 0.00% -6.10%11/16/2010 44.42 45.75 42.46 42.65 1107300 42.65 -7.12% 0.05% 7.07%11/17/2010 43.01 43.61 41.75 43.25 1094000 43.25 1.41% 0.18% -1.58%11/18/2010 43.19 44.33 42.75 42.79 1135900 42.79 -1.06% -0.01% 1.07%11/19/2010 42.61 43 42 42 761300 42 -1.85% 0.07% 1.78%11/22/2010 40.92 42.38 40.63 41.41 935500 41.41 -1.40% 0.15% 1.25%11/23/2010 40.54 41.07 40.19 40.76 875700 40.76 -1.57% -0.10% 1.67%11/24/2010 41.61 43.14 41.39 42.92 785300 42.92 5.30% 0.02% -5.32%11/26/2010 41.63 41.86 41.14 41.21 331500 41.21 -3.98% 0.08% 3.91%11/29/2010 40.5 41.13 40.05 40.13 945800 40.13 -2.62% -0.03% 2.65%11/30/2010 38.55 39.83 38.43 39.49 1126400 39.49 -1.59% -0.04% 1.63%

12/1/2010 41.17 42.04 40.62 42 1571800 42 6.36% 0.16% -6.52%12/2/2010 42.01 42.56 41.25 42.4 720500 42.4 0.95% 0.13% -1.08%12/3/2010 41.54 43.44 41.49 43.42 1154100 43.42 2.41% -0.22% -2.19%12/6/2010 42.53 42.8 41.55 41.58 772000 41.58 -4.24% 0.12% 4.12%12/7/2010 43.52 45.53 43.25 44.24 1681700 44.24 6.40% 0.05% -6.45%12/8/2010 44.85 47.09 44.75 45.48 1821400 45.48 2.80% -0.14% -2.66%12/9/2010 45.01 46.25 44.04 44.85 1371400 44.85 -1.39% 0.06% 1.32%

12/10/2010 45.45 45.66 44.64 45.59 701500 45.59 1.65% -0.03% -1.62%12/13/2010 45.81 46.46 44.34 45.19 2107600 45.19 -0.88% 0.10% 0.78%12/14/2010 46.71 48.11 45.8 47.03 1689200 47.03 4.07% 2.89% -6.96%12/15/2010 47.17 49.63 46.95 48.87 2115100 48.87 3.91% -0.09% -3.82%12/16/2010 48.8 49.5 47.9 47.92 1789500 47.92 -1.94% -0.01% 1.95%12/17/2010 47.37 47.43 44.46 45.37 1589500 45.37 -5.32% 0.05% 5.27%12/20/2010 44.54 46.14 43.84 45.36 1144800 45.36 -0.02% 0.11% -0.09%12/21/2010 45.42 46.35 44.5 44.5 590000 44.5 -1.90% -0.07% 1.97%12/22/2010 44.91 45.69 44.81 45.37 774300 45.37 1.96% 0.86% -2.81%12/23/2010 45.32 46.25 45.25 45.8 888200 45.8 0.95% 0.23% -1.17%

Page 10: Paired Short ETFs

12/27/2010 45.95 46.6 44.35 44.4 865400 44.4 -3.06% -0.20% 3.26%12/28/2010 45.23 47.45 45.09 47.06 1435400 47.06 5.99% -0.09% -5.90%12/29/2010 46.81 47.23 44.1 44.65 1673300 44.65 -5.12% 0.23% 4.89%12/30/2010 45.05 45.71 44.47 44.74 761800 44.74 0.20% -0.08% -0.12%12/31/2010 44.15 44.22 42.48 43.21 971400 43.21 -3.42% 0.28% 3.14%

1/3/2011 44.44 44.78 42.95 44.12 1352000 44.12 2.11% -0.31% -1.80%1/4/2011 44.18 44.83 43.66 44.01 815400 44.01 -0.25% 0.40% -0.15%1/5/2011 45.38 47.25 45.16 46.82 1770700 46.82 6.38% 0.10% -6.48%1/6/2011 46.76 47.33 45.87 46.3 810000 46.3 -1.11% -0.09% 1.20%1/7/2011 46.81 47.5 45.1 45.59 1513200 45.59 -1.53% -0.06% 1.60%

1/10/2011 45.18 45.76 44.57 44.77 1252800 44.77 -1.80% 0.17% 1.63%1/11/2011 45.28 46.45 45.14 45.59 818000 45.59 1.83% -0.07% -1.76%1/12/2011 46.41 46.81 45.77 46.5 897000 46.5 2.00% -0.02% -1.97%1/13/2011 46.56 46.84 44.82 45.36 912700 45.36 -2.45% 0.09% 2.36%1/14/2011 44.81 46.3 44.65 46.2 754100 46.2 1.85% -0.01% -1.84%1/18/2011 47.04 47.82 46.38 46.84 1096200 46.84 1.39% 0.09% -1.47%1/19/2011 46.84 46.9 45.83 45.87 643700 45.87 -2.07% 0.04% 2.03%1/20/2011 46.66 48.31 46.5 47.65 1162300 47.65 3.88% -0.14% -3.74%1/21/2011 47.86 48.15 46.6 46.62 517100 46.62 -2.16% 0.19% 1.97%1/24/2011 46.05 46.76 45.97 46.53 1182600 46.53 -0.19% 0.07% 0.13%1/25/2011 45.94 46.83 44.46 45.26 1363800 45.26 -2.73% -0.19% 2.92%1/26/2011 45.48 47.42 45.42 47.23 1157800 47.23 4.35% 0.05% -4.40%1/27/2011 47.13 47.74 46.25 46.6 730000 46.6 -1.33% 0.24% 1.10%1/28/2011 47.52 47.58 45.28 45.89 659000 45.89 -1.52% 0.03% 1.50%1/31/2011 46.25 47.1 45.76 46.82 532800 46.82 2.03% 0.01% -2.04%

2/1/2011 47.42 48.05 46.98 47.51 884100 47.51 1.47% 0.00% -1.47%2/2/2011 46.84 48.4 46.71 47.5 1614100 47.5 -0.02% -0.08% 0.10%2/3/2011 48.35 48.75 47.4 48.7 1001900 48.7 2.53% 0.04% -2.57%2/4/2011 49.09 50.23 48.82 50.16 2507400 50.16 3.00% -0.10% -2.90%2/7/2011 50.38 50.57 49.36 49.44 992700 49.44 -1.44% 0.13% 1.30%2/8/2011 49.34 50.9 48.95 50.72 1219200 50.72 2.59% 0.06% -2.64%2/9/2011 50.35 51.28 48.68 49.49 1477100 49.49 -2.43% -0.15% 2.58%

2/10/2011 49.95 51.14 49.57 51.13 1377000 51.13 3.31% 0.11% -3.43%2/11/2011 49.68 50.15 48.81 48.95 1347300 48.95 -4.26% 0.08% 4.18%2/14/2011 49.16 49.16 48.15 48.83 1209500 48.83 -0.25% -0.09% 0.34%2/15/2011 48.76 49.05 48.09 48.24 947400 48.24 -1.21% 0.00% 1.21%2/16/2011 48.24 49.09 47.52 48.59 1123200 48.59 0.73% 0.20% -0.93%2/17/2011 47.97 48.56 47.74 48.43 1085700 48.43 -0.33% -0.21% 0.54%2/18/2011 48.93 49.48 48.77 48.81 772300 48.81 0.78% 0.12% -0.90%2/22/2011 48.14 48.42 46.47 46.67 1678800 46.67 -4.38% 0.11% 4.27%2/23/2011 46.21 46.75 45.52 46.08 1834200 46.08 -1.26% 0.04% 1.23%2/24/2011 45.41 45.69 44.8 45.24 896300 45.24 -1.82% 0.04% 1.79%2/25/2011 45.19 45.35 44.44 44.47 578100 44.47 -1.70% 0.01% 1.69%2/28/2011 44.41 44.71 44.06 44.25 1135100 44.25 -0.49% 0.03% 0.46%

3/1/2011 45.11 45.13 43.83 43.84 1103500 43.84 -0.93% -0.09% 1.01%3/2/2011 44.6 45.87 44.41 45.82 1399800 45.82 4.52% 0.13% -4.64%3/3/2011 46.52 47.34 46.13 47.18 1787700 47.18 2.97% 0.02% -2.99%3/4/2011 47.15 47.31 45.97 46.04 1345500 46.04 -2.42% -0.01% 2.43%

Page 11: Paired Short ETFs

3/7/2011 47.23 47.48 45.96 46.92 768100 46.92 1.91% -0.02% -1.89%3/8/2011 47.1 47.78 46.74 47.76 906800 47.76 1.79% 0.07% -1.86%3/9/2011 47.11 47.49 45.93 46.38 1357600 46.38 -2.89% 0.03% 2.86%

3/10/2011 45.89 46.22 43.99 44.04 2026600 44.04 -5.05% -0.07% 5.11%3/11/2011 44.07 45.08 44.04 44.75 894400 44.75 1.61% -0.01% -1.60%3/14/2011 44.86 45.1 44.23 44.87 936800 44.87 0.27% 0.01% -0.28%3/15/2011 42.94 43.57 42.55 42.88 1832900 42.88 -4.44% -0.11% 4.55%3/16/2011 42.16 42.53 39.94 41.4 2897200 41.4 -3.45% 0.12% 3.33%3/17/2011 42.25 42.9 41.78 42.25 1052800 42.25 2.05% 0.24% -2.29%3/18/2011 42.92 42.99 41.9 41.9 873800 41.9 -0.83% 0.12% 0.71%3/21/2011 42.38 43.12 42.33 42.66 1100100 42.66 1.81% -0.07% -1.74%3/22/2011 42.81 42.92 42.17 42.26 816900 42.26 -0.94% -0.11% 1.05%3/23/2011 41.4 42.65 41.37 42.42 763000 42.42 0.38% -0.02% -0.36%3/24/2011 42.88 43.31 42.72 43.31 948800 43.31 2.10% 0.23% -2.33%3/25/2011 42.7 43.88 42.58 43.63 1025900 43.63 0.74% 0.02% -0.76%3/28/2011 43.77 43.91 42.98 43.45 486500 43.45 -0.41% -0.08% 0.49%3/29/2011 43.96 44.52 43.22 44.44 738800 44.44 2.28% 0.02% -2.30%3/30/2011 44.29 44.53 43.44 43.45 709400 43.45 -2.23% 0.00% 2.23%3/31/2011 42.94 44.42 42.86 43.72 1463600 43.72 0.62% -0.04% -0.58%

4/1/2011 44.03 44.15 42.94 43.09 1031000 43.09 -1.44% -0.10% 1.54%4/4/2011 43.03 43.14 42.53 42.88 556700 42.88 -0.49% 0.24% 0.24%4/5/2011 43.11 43.77 42.8 43.39 618400 43.39 1.19% -0.04% -1.15%4/6/2011 43.64 45.36 43.62 45.35 853200 45.35 4.52% -0.20% -4.32%4/7/2011 45.37 45.98 45.05 45.62 1243700 45.62 0.60% 0.14% -0.74%4/8/2011 46.3 46.41 45.71 46.36 912000 46.36 1.62% 0.02% -1.65%

4/11/2011 46.46 46.7 45.83 46.26 821800 46.26 -0.22% 0.05% 0.16%4/12/2011 45.24 45.32 44.25 44.83 1126900 44.83 -3.09% -0.25% 3.34%4/13/2011 45.31 45.45 43.93 43.93 1124300 43.93 -2.01% 0.26% 1.74%4/14/2011 43.85 44.28 43.49 43.94 1338300 43.94 0.02% 0.20% -0.22%4/15/2011 42.77 43.05 42.15 42.32 1373300 42.32 -3.69% -0.18% 3.87%4/18/2011 43.06 43.85 41.61 41.9 1413500 41.9 -0.99% 0.15% 0.84%4/19/2011 41.92 42.06 41.36 41.39 805100 41.39 -1.22% 0.02% 1.19%4/20/2011 41.62 42.23 41.39 42.17 773200 42.17 1.88% -0.03% -1.86%4/21/2011 41.88 42.32 41.37 42.28 685100 42.28 0.26% -0.08% -0.18%4/25/2011 42.2 42.37 41.73 41.76 485700 41.76 -1.23% 0.21% 1.02%4/26/2011 41.36 41.44 40.51 40.51 1502500 40.51 -2.99% 0.02% 2.98%4/27/2011 41.03 41.96 40.92 41.77 805600 41.77 3.11% -0.08% -3.03%4/28/2011 41.33 41.65 40.81 40.85 842200 40.85 -2.20% 0.03% 2.18%4/29/2011 40.95 41.15 40.4 40.53 625000 40.53 -0.78% -0.03% 0.82%

5/2/2011 40.65 40.85 40.18 40.26 604700 40.26 -0.67% -0.03% 0.69%5/3/2011 39.82 40.3 39.55 39.56 934400 39.56 -1.74% 0.07% 1.67%5/4/2011 39.38 39.41 38.87 39 981800 39 -1.42% 0.09% 1.33%5/5/2011 38.61 38.75 37.74 37.92 1020500 37.92 -2.77% -0.05% 2.82%5/6/2011 39.08 39.25 37.91 38.44 1190800 38.44 1.37% -0.12% -1.25%5/9/2011 38.61 38.68 38.24 38.49 311200 38.49 0.13% 0.31% -0.44%

5/10/2011 38.85 39.34 38.62 39.34 485800 39.34 2.21% -0.19% -2.01%5/11/2011 39.31 39.46 38.34 38.66 742500 38.66 -1.73% 0.21% 1.52%5/12/2011 38.51 39.78 38.32 39.38 906000 39.38 1.86% -0.09% -1.78%

Page 12: Paired Short ETFs

5/13/2011 38.87 39 37.79 38.33 542500 38.33 -2.67% 0.01% 2.65%5/16/2011 38.39 38.7 37.46 37.7 739400 37.7 -1.64% -0.12% 1.76%5/17/2011 37.18 37.23 36.52 36.55 849200 36.55 -3.05% 0.05% 3.00%5/18/2011 36.88 37.97 36.74 37.94 687300 37.94 3.80% 0.13% -3.94%5/19/2011 38.94 38.98 37.93 37.93 752400 37.93 -0.03% 0.14% -0.11%5/20/2011 38.28 38.63 37.83 37.91 729000 37.91 -0.05% 0.08% -0.03%5/23/2011 37.42 37.59 36.9 37.42 830400 37.42 -1.29% -0.18% 1.48%5/24/2011 37.55 37.73 36.95 36.98 434100 36.98 -1.18% 0.04% 1.13%5/25/2011 36.96 37.64 36.8 37.47 519400 37.47 1.33% -0.05% -1.28%5/26/2011 37.16 37.24 36.47 36.53 716300 36.53 -2.51% -0.03% 2.54%5/27/2011 36.92 37.2 36.5 36.53 478300 36.53 0.00% 0.18% -0.18%5/31/2011 36.86 36.98 36.22 36.28 564100 36.28 -0.68% 0.05% 0.63%

6/1/2011 35.64 35.66 34.73 34.84 1409600 34.84 -3.97% -0.20% 4.17%6/2/2011 36.03 36.79 35.6 36.76 1210900 36.76 5.51% 0.18% -5.69%6/3/2011 35.88 37.04 35.85 36.17 806800 36.17 -1.61% -0.05% 1.65%6/6/2011 37.12 37.4 36.55 37 865000 37 2.29% -0.04% -2.26%6/7/2011 37.4 37.53 36.45 36.45 974900 36.45 -1.49% 0.28% 1.21%6/8/2011 36.22 36.31 35.55 35.59 1344300 35.59 -2.36% -0.08% 2.44%6/9/2011 35.29 36.55 35 36.03 1147000 36.03 1.24% -0.07% -1.17%

6/10/2011 35.46 35.55 34.93 35.23 907800 35.23 -2.22% 0.02% 2.20%6/13/2011 35.61 35.75 35.05 35.73 620700 35.73 1.42% 0.04% -1.46%6/14/2011 36.71 37.39 36.57 37.36 720800 37.36 4.56% -0.09% -4.48%6/15/2011 37.12 37.13 35.29 35.3 1317000 35.3 -5.51% 0.15% 5.37%6/16/2011 35.13 35.41 34.63 34.8 799300 34.8 -1.42% 0.02% 1.40%6/17/2011 35.36 35.57 35.05 35.32 709400 35.32 1.49% -0.09% -1.40%6/20/2011 34.85 35.64 34.81 35.2 530400 35.2 -0.34% 0.21% 0.13%6/21/2011 35.51 35.98 35.17 35.61 651800 35.61 1.16% -0.13% -1.03%6/22/2011 35.23 35.82 35.12 35.61 514500 35.61 0.00% 0.08% -0.08%6/23/2011 34.92 35.01 34.37 34.76 834400 34.76 -2.39% 0.01% 2.38%6/24/2011 34.78 35.18 34.43 35.18 435200 35.18 1.21% -0.09% -1.12%6/27/2011 35.32 36.72 35.3 36.59 782600 36.59 4.01% 0.04% -4.05%6/28/2011 36.8 37.68 36.59 37.52 1250400 37.52 2.54% 0.09% -2.64%6/29/2011 37.43 38.53 37.15 38.25 1343000 38.25 1.95% -0.15% -1.80%6/30/2011 38.26 39.58 38.18 38.41 1260800 38.41 0.42% 0.23% -0.65%

7/1/2011 38 38.92 37.87 38.63 1171800 38.63 0.57% -0.06% -0.51%7/5/2011 38.11 38.52 37.95 38.36 745100 38.36 -0.70% -0.15% 0.85%7/6/2011 37.9 38.34 37.58 37.78 509100 37.78 -1.51% 0.19% 1.33%7/7/2011 38.37 38.67 37.97 38.07 980800 38.07 0.77% 0.15% -0.92%7/8/2011 37.09 37.1 36.17 36.45 1000900 36.45 -4.26% -0.10% 4.36%

7/11/2011 35.67 36 34.84 34.86 927400 34.86 -4.36% 0.16% 4.20%7/12/2011 34.28 35.06 34.26 34.49 1018900 34.49 -1.06% -0.21% 1.27%7/13/2011 34.92 35.54 34.13 34.2 1337600 34.2 -0.84% 0.02% 0.82%7/14/2011 35 35.62 34.21 35.6 1118800 35.6 4.09% 0.03% -4.13%

Page 13: Paired Short ETFs

Date Dividends9/22/2010 0.108

TMF 6/22/2010 0.22Date Open High Low Close Volume Adj Close 12/22/2009 0.282

4/16/2009 58.52 59.17 57.97 58.14 11400 50.95 1 11/20/2009 4.1974/17/2009 57.2 57.3 55.21 55.54 30100 48.67 1.007093 9/22/2009 0.3174/20/2009 57.16 58.91 57.16 58.91 6800 51.63 0.999694 6/23/2009 0.0654/21/2009 60.41 60.97 57.11 57.13 15600 50.07 1.0023114/22/2009 57.1 57.1 54.5 55.18 25300 48.36 1.0025774/23/2009 55.25 55.87 54.47 55.47 36000 48.61 1.0042114/24/2009 54.47 54.47 52.7 52.75 51400 46.23 1.011254/27/2009 54.26 54.3 52.34 54.3 8500 47.59 1.0021144/28/2009 53.72 53.78 50.55 51.19 6900 44.86 0.9991124/29/2009 51.4 52.43 48.87 49.5 18200 43.38 1.0040424/30/2009 48.61 49 47.75 48.61 32900 42.6 1.005939

5/1/2009 47.13 47.79 47 47.73 6300 41.83 1.0010085/4/2009 47.69 48.35 47.35 48.35 16200 42.37 1.0041895/5/2009 48.42 48.99 47.38 48.34 21300 42.36 0.9997795/6/2009 48.29 48.85 47.34 47.43 47900 41.57 1.008145/7/2009 45.41 46.34 42.6 43.32 60400 37.96 1.0000835/8/2009 43.56 44.27 43.17 43.71 19400 38.31 0.998497

5/11/2009 45.34 45.75 44.81 45.71 36600 40.06 1.0059615/12/2009 45.16 46.53 44.73 46.32 20100 40.59 1.0009745/13/2009 47.46 48.23 47.32 47.67 52800 41.78 1.0074145/14/2009 47.13 48.52 47.13 48.46 14300 42.47 1.0061845/15/2009 48.02 48.2 47.42 48 25700 42.07 1.0039795/18/2009 47.51 47.56 45.4 45.4 11900 39.79 1.0038945/19/2009 45.16 45.28 44.4 44.68 6800 39.16 1.0137345/20/2009 45 46.51 44.45 46.31 13000 40.58 1.0039525/21/2009 47.3 47.3 42.17 42.23 23600 37.01 1.0064635/22/2009 41.45 42.07 40.45 41.03 19500 35.96 0.9979675/26/2009 41.58 41.58 38.72 38.72 18100 33.93 1.0035535/27/2009 38.44 39 36.22 36.47 28100 31.96 1.0014015/28/2009 38.41 38.52 36.25 38 111500 33.3 1.0113625/29/2009 38.27 41.71 38.13 41.53 45200 36.4 1.010501

6/1/2009 39 39 36.77 37.5 43100 32.86 1.0080626/2/2009 38.29 38.5 37.03 38.17 55600 33.45 1.0129316/3/2009 39 39.5 37.56 39.05 41900 34.22 1.0169056/4/2009 37.7 38.01 36 36.48 28700 31.97 1.0177076/5/2009 35.83 37.1 35.21 35.55 161300 31.15 1.0151876/8/2009 36.57 36.81 35.09 35.23 42500 30.87 1.0118466/9/2009 36.07 36.18 34.78 35.33 83800 30.96 1.018254

6/10/2009 34.3 34.83 31.34 33.29 399200 29.17 1.0167646/11/2009 32.69 35.12 32.54 34.6 190400 30.32 1.018226/12/2009 34.94 36.36 34.94 35.49 121600 31.1 1.0175396/15/2009 36.38 37.07 36.14 36.57 79100 32.05 1.0184616/16/2009 36.81 38.64 36.59 38.64 76900 33.86 1.0196276/17/2009 38.64 39.86 37.76 37.82 67800 33.14 1.020938

Page 14: Paired Short ETFs

6/18/2009 36.96 37.36 35.42 36.38 58800 31.88 1.0177476/19/2009 35.87 37.73 35.8 37.73 41400 33.07 1.0213926/22/2009 38.77 39.37 38 39.01 78100 34.19 1.0185336/23/2009 39.03 40.55 38.81 40.36 105900 35.43 1.0202036/24/2009 40.16 42 38.74 38.85 135200 34.1 1.0178716/25/2009 39.71 41.5 38.94 41.48 85500 36.41 1.0209426/26/2009 41.5 42.1 40.93 41.72 31300 36.62 1.017746/29/2009 42.11 42.52 38.91 41.77 86500 36.67 1.0178426/30/2009 40.48 42.12 40.32 41.52 14500 36.45 1.022006

7/1/2009 40.32 41.07 39.98 41.07 50200 36.05 1.0219947/2/2009 41.3 41.86 41.04 41.52 31800 36.45 1.0167257/6/2009 40.58 41.15 39.99 41.04 37100 36.03 1.0213287/7/2009 40.42 41.98 38.68 41.95 58800 36.82 1.0219957/8/2009 42.48 45.01 42.23 44.56 97500 39.12 1.0212637/9/2009 42.81 43.07 41.23 42.56 63100 37.36 1.021917

7/10/2009 43.22 44.47 42.87 44.17 41200 38.77 1.0201057/13/2009 44.24 44.54 43.05 43.13 27200 37.86 1.023267/14/2009 41.92 42.64 40.38 40.74 34200 35.76 1.0237377/15/2009 38.8 39.33 37.36 37.36 55300 32.8 1.0245447/16/2009 39.04 39.58 38.7 38.81 53400 34.07 1.0247257/17/2009 37.84 38.32 37.1 37.1 39300 32.57 1.0226297/20/2009 36.47 38.49 36.33 37.57 94400 32.98 1.0245417/21/2009 37.15 40.3 37.04 40.12 57200 35.22 1.0266257/22/2009 39.98 39.98 38.37 38.88 50900 34.13 1.0245117/23/2009 39.1 39.1 35.9 36.44 38800 31.99 1.026327/24/2009 36.58 37.09 36.27 36.98 42000 32.46 1.0261497/27/2009 35.6 36.02 35.2 35.76 43200 31.39 1.0218157/28/2009 36.16 37.53 35.68 36.83 55100 32.33 1.0251887/29/2009 38.08 38.19 36.68 37.4 41900 32.83 1.0286897/30/2009 37.15 39.23 36.86 39.23 84200 34.44 1.0256117/31/2009 40.2 41.7 39.57 41.64 60500 36.55 1.027356

8/3/2009 41.46 41.46 38.96 39.49 69800 34.67 1.0274348/4/2009 40.48 40.48 37.5 38.51 20500 33.8 1.0276698/5/2009 37.24 39.07 36.43 36.43 73000 31.98 1.0306478/6/2009 36.44 37.69 35.79 36.95 39400 32.44 1.0310778/7/2009 35.82 36.3 35.5 35.72 45600 31.36 1.03229

8/10/2009 35.88 37.34 35.7 37.29 25300 32.73 1.0303438/11/2009 38.42 38.95 38.1 38.83 23000 34.09 1.0284578/12/2009 38.84 38.85 36.54 37.11 24600 32.58 1.0334118/13/2009 37.32 39.17 36.94 39.17 42500 34.38 1.027548/14/2009 39.26 40.72 39.26 39.57 19700 34.74 1.0264418/17/2009 40.17 41.25 40.01 41.14 57100 36.11 1.0337618/18/2009 41.15 41.31 40.18 40.39 15300 35.46 1.0330738/19/2009 41.84 42.14 40.69 41.66 24600 36.57 1.0354398/20/2009 42.13 42.81 41.57 42.81 19600 37.58 1.0320378/21/2009 42.56 43 39.61 39.63 66900 34.79 1.0341168/24/2009 39.19 41.95 39.18 41.95 44900 36.82 1.0365638/25/2009 42.1 43.12 41.58 43.12 18100 37.85 1.030901

Page 15: Paired Short ETFs

8/26/2009 43.22 43.71 42.82 43.7 73000 38.36 1.0307468/27/2009 42.85 43.6 42.52 42.8 11200 37.57 1.0377118/28/2009 42.2 43.71 42 43.71 12600 38.37 1.0372868/31/2009 43.5 44.27 42.65 44.07 38900 38.69 1.03421

9/1/2009 43.34 44.77 41.12 43.62 38600 38.29 1.0400139/2/2009 44.35 46.06 43.97 45.79 150700 40.2 1.0321829/3/2009 44.79 45.16 44.15 44.53 48100 39.09 1.0371339/4/2009 43.96 44.1 41.78 42.03 63400 36.89 1.0383799/8/2009 41.27 42.09 40.95 41.03 22900 36.02 1.0410849/9/2009 40.14 40.9 39.51 40.9 54200 35.9 1.039743

9/10/2009 41.73 44.37 41.73 43.5 76400 38.19 1.0322739/11/2009 44.54 45.6 44.06 44.28 45700 38.87 1.0354069/14/2009 43.42 44.18 42.75 42.89 29400 37.65 1.0380469/15/2009 42.22 42.81 41.78 42.1 11700 36.96 1.0406189/16/2009 42.46 43.14 41.41 42.5 35800 37.31 1.0420439/17/2009 42.88 44.35 42.27 44.23 31100 38.83 1.0385189/18/2009 43.64 44.04 42.8 43.05 18200 37.79 1.0401829/21/2009 43.35 43.86 42.42 43.19 14800 37.91 1.0379299/22/2009 42.51 43.52 42.28 43.28 54100 38.27 1.0411829/23/2009 42.79 43.69 42.51 43.2 17200 38.2 1.0473499/24/2009 43.41 44.38 43.41 44.02 21000 38.93 1.0411469/25/2009 44.85 45.79 43.99 45.74 50300 40.45 1.0404289/28/2009 46.13 47.26 46 47.12 41100 41.67 1.0392789/29/2009 46.31 47.53 46 47.1 14400 41.65 1.0422889/30/2009 46.62 47.41 46.45 46.99 25700 41.55 1.04071310/1/2009 47.75 49.46 47.68 48.9 54500 43.24 1.04145610/2/2009 49.9 49.97 47.56 47.85 31500 42.31 1.03986110/5/2009 48.62 48.62 47.4 47.74 12500 42.22 1.03892410/6/2009 47.52 47.52 46.1 46.16 14000 40.82 1.04161910/7/2009 47.35 48.15 47.25 47.94 16900 42.39 1.04446510/8/2009 48.78 48.97 45.68 46.26 36200 40.91 1.04263810/9/2009 45.69 45.84 42.26 42.89 72300 37.93 1.042535

10/12/2009 43.17 43.62 42.74 43.45 44800 38.42 1.04159610/13/2009 43.9 44.45 43.73 44.11 51600 39.01 1.04134710/14/2009 42.14 43.3 41.56 41.87 76900 37.03 1.04165610/15/2009 41.17 42.3 40.83 41.14 39800 36.38 1.0461210/16/2009 42.01 42.59 41.48 42.52 69800 37.6 1.04519810/19/2009 42.81 43.52 42.27 43.52 28900 38.49 1.0457110/20/2009 44.04 44.98 44.02 44.22 19400 39.1 1.04603110/21/2009 43.43 43.43 42.5 43.34 10500 38.33 1.0429210/22/2009 42.11 42.87 42.06 42.71 16700 37.77 1.04432510/23/2009 41.47 42.27 41.44 41.44 24500 36.65 1.04615310/26/2009 40.92 40.92 39.56 39.74 54200 35.14 1.04560710/27/2009 40.03 41.59 40.03 41.54 31900 36.73 1.04858310/28/2009 41.85 42.71 41.65 42.2 36200 37.32 1.04538310/29/2009 41.3 41.42 39.92 40.63 15800 35.93 1.04619710/30/2009 41.61 42.85 41.3 42.55 17800 37.63 1.046813

11/2/2009 42.5 42.7 41.56 41.94 16200 37.09 1.044037

Page 16: Paired Short ETFs

11/3/2009 42.13 42.17 40.3 40.39 20500 35.72 1.04573311/4/2009 39.81 40.39 38.54 39.43 25500 34.87 1.04442711/5/2009 38.89 39.26 38.7 39.17 19200 34.64 1.05064411/6/2009 39.41 39.47 38.3 39.4 16400 34.84 1.04643511/9/2009 39.5 39.85 39.14 39.58 14600 35 1.04466

11/10/2009 40.33 40.51 38.85 39.22 28900 34.68 1.04510711/11/2009 39.91 40.49 39.41 39.68 28100 35.09 1.05933911/12/2009 39.3 39.7 38 39.53 19400 34.96 1.04552411/13/2009 39.99 40.3 39.57 40.16 16300 35.51 1.0484911/16/2009 41.11 42.24 41.02 41.77 38800 36.94 1.04439111/17/2009 41.6 42.74 41.33 42.36 19400 37.46 1.04538111/18/2009 42.22 42.22 41.25 41.35 22100 36.57 1.04593611/19/2009 41.87 42.58 41.4 41.56 26400 36.75 1.05407711/20/2009 37.27 37.72 36.8 37.38 30500 36.77 1.04735411/23/2009 36.8 37.41 36.41 37.25 15700 36.64 1.04891311/24/2009 37.5 38.21 37.4 38.06 45600 37.44 1.04618911/25/2009 37.9 38.73 37.23 38.54 44200 37.91 1.04939911/27/2009 38.89 39.04 38.59 39 18600 38.36 1.05026611/30/2009 38.7 39.42 38.59 39.4 16000 38.76 1.048694

12/1/2009 38.54 38.54 37.75 37.79 23200 37.17 1.05013512/2/2009 37.84 38.64 37.47 38.1 21600 37.48 1.04811212/3/2009 36.85 37.23 36.56 36.66 78500 36.06 1.04960612/4/2009 35.3 35.5 34.82 35.32 18300 34.74 1.0528712/7/2009 35.35 35.97 35.13 35.61 30300 35.03 1.05059712/8/2009 36.33 36.68 35.4 35.81 32000 35.22 1.05126912/9/2009 36.11 36.22 34.79 35.27 24300 34.69 1.050448

12/10/2009 34.64 34.67 33.8 33.85 50300 33.3 1.04991412/11/2009 33.47 34.08 32.89 33.78 55900 33.23 1.05064712/14/2009 34.13 34.36 33.88 33.96 23800 33.4 1.05214612/15/2009 33.22 33.68 33.17 33.42 49000 32.87 1.0508612/16/2009 33.65 33.93 32.51 33.23 31700 32.69 1.05450912/17/2009 34.25 35.16 33.9 35.11 43800 34.54 1.05274912/18/2009 35.13 35.3 34.35 34.45 22800 33.89 1.05113912/21/2009 33.73 33.83 32.64 32.68 94900 32.15 1.05161112/22/2009 32.59 32.59 31.24 31.67 108700 31.42 1.05569212/23/2009 32.1 32.58 31.69 31.71 19000 31.46 1.05529212/24/2009 31.39 31.44 30.62 30.62 26100 30.38 1.05500512/28/2009 30.46 30.65 30.28 30.49 48300 30.25 1.05495712/29/2009 30.58 31.3 30.55 31.12 30200 30.88 1.05691112/30/2009 31.29 31.89 31.17 31.73 31000 31.48 1.05717512/31/2009 31.08 31.43 30.23 31.2 47700 30.96 1.050881

1/4/2010 31.06 31.39 30.91 31.24 24100 31 1.0536811/5/2010 31.51 32.17 31.5 31.88 35300 31.63 1.0539671/6/2010 31.55 31.64 30.37 30.55 60300 30.31 1.0520441/7/2010 30.49 30.96 30.41 30.55 23600 30.31 1.0559811/8/2010 30.86 30.86 30 30.39 32100 30.15 1.057131

1/11/2010 30.28 30.5 29.9 29.99 11500 29.76 1.0566621/12/2010 31.38 31.65 31.15 31.56 37100 31.31 1.058031

Page 17: Paired Short ETFs

1/13/2010 31.15 31.35 30.29 30.38 20300 30.14 1.0599621/14/2010 30.86 31.72 30.72 31.62 53400 31.37 1.0604551/15/2010 32.26 32.62 32.2 32.2 52000 31.95 1.0576681/19/2010 31.89 32.31 31.65 32.07 38000 31.82 1.0575881/20/2010 32.59 33.09 32.58 32.93 18800 32.67 1.0595681/21/2010 32.86 33.72 32.77 33.64 31800 33.38 1.0558811/22/2010 33.4 33.61 33.02 33.37 29600 33.11 1.0586681/25/2010 32.75 33.06 32.75 32.81 17600 32.55 1.0598661/26/2010 33.41 33.41 32.56 32.84 20400 32.58 1.0587231/27/2010 32.89 33.33 32.6 32.89 26800 32.63 1.0599221/28/2010 32.26 32.76 32.23 32.55 32600 32.3 1.0621371/29/2010 32.45 33.57 32.44 33.49 22200 33.23 1.062058

2/1/2010 33.08 33.08 32.5 32.57 22800 32.32 1.0595692/2/2010 32.59 32.83 32.49 32.75 5000 32.49 1.0625942/3/2010 32.29 32.29 31.57 31.58 12700 31.33 1.0619142/4/2010 32.42 33.25 32.26 33.21 41000 32.95 1.0634292/5/2010 32.69 33.8 32.65 33.34 39900 33.08 1.0623032/8/2010 33.34 33.55 33.23 33.52 16400 33.26 1.064382/9/2010 33.2 33.59 32.39 32.5 47800 32.25 1.061182

2/10/2010 32.6 32.95 31.28 31.52 31800 31.27 1.0631522/11/2010 31.46 31.49 30.35 30.93 27400 30.69 1.0647232/12/2010 31.47 31.54 31.14 31.28 10900 31.04 1.06712/16/2010 30.9 31.64 30.9 31.56 34300 31.31 1.0677082/17/2010 31.07 31.22 30.35 30.55 78200 30.31 1.0626772/18/2010 30.67 30.67 29.56 30.03 57200 29.8 1.0676672/19/2010 30.36 30.61 30.07 30.5 37200 30.26 1.0677272/22/2010 30.18 30.41 30.06 30.27 39400 30.03 1.0656982/23/2010 30.43 31.75 30.39 31.74 29500 31.49 1.0629392/24/2010 31.68 32.05 31.36 31.82 31100 31.57 1.0661382/25/2010 32.47 32.47 32.15 32.4 25000 32.15 1.0673742/26/2010 32.76 33.37 32.58 32.88 32500 32.62 1.064765

3/1/2010 32.53 33.07 32.42 32.88 19700 32.62 1.0680033/2/2010 32.37 32.72 32.13 32.71 11200 32.46 1.0680973/3/2010 32.46 32.5 32.13 32.41 5700 32.16 1.070293/4/2010 32.43 33.1 32.25 32.87 24600 32.61 1.0683873/5/2010 32.2 32.27 31.44 31.54 32500 31.29 1.0661663/8/2010 31.2 31.26 31.08 31.11 11000 30.87 1.0663543/9/2010 31.25 31.27 30.63 31.15 20100 30.91 1.066755

3/10/2010 30.79 30.95 30.46 30.93 9300 30.69 1.0681753/11/2010 30.8 31.45 30.63 31.18 15700 30.94 1.0699853/12/2010 31.11 31.95 31.11 31.81 13800 31.56 1.0685043/15/2010 31.77 31.79 31.4 31.78 8000 31.53 1.0678553/16/2010 31.82 32.5 31.82 32.49 19200 32.24 1.0687283/17/2010 32.77 32.9 32.51 32.86 11700 32.6 1.0702423/18/2010 32.87 32.89 32.42 32.57 171000 32.32 1.0683853/19/2010 32.29 32.96 32.23 32.66 5300 32.41 1.0700163/22/2010 32.77 32.88 32.71 32.84 10100 32.58 1.069383/23/2010 32.29 32.47 32.09 32.13 42000 31.88 1.075644

Page 18: Paired Short ETFs

3/24/2010 30.95 31.33 30.04 30.35 60900 30.11 1.0761563/25/2010 30.1 30.26 29.3 29.72 57500 29.49 1.0764723/26/2010 29.5 30.04 29.49 30.02 23300 29.79 1.0756743/29/2010 29.83 29.83 29.33 29.59 50700 29.36 1.0772783/30/2010 29.54 29.94 29.26 29.92 51900 29.69 1.0768783/31/2010 30.24 30.54 30 30.52 42500 30.28 1.077064

4/1/2010 30.1 30.38 29.85 30.24 40200 30 1.07564/5/2010 29.24 29.33 28.61 28.7 49900 28.48 1.0796234/6/2010 29.09 29.09 28.62 28.81 41000 28.59 1.0799364/7/2010 28.75 30.14 28.57 30.02 111900 29.79 1.0790244/8/2010 30.2 30.44 29.71 30 51000 29.77 1.0776444/9/2010 29.86 30.23 29.67 30.19 34800 29.95 1.080323

4/12/2010 30.45 30.82 30.38 30.77 37200 30.53 1.0791364/13/2010 31.22 31.28 30.86 31.09 60100 30.85 1.0779474/14/2010 31.02 31.14 30.31 30.31 84200 30.07 1.0797674/15/2010 30.01 30.74 29.95 30.49 73400 30.25 1.078384/16/2010 30.6 31.22 30.47 31.17 129500 30.93 1.08014/19/2010 31.16 31.29 30.81 30.86 30000 30.62 1.0814824/20/2010 31.14 31.26 31 31.26 4800 31.02 1.0800764/21/2010 31.66 32.17 31.64 32.07 25200 31.82 1.0801324/22/2010 32.26 32.44 31.65 31.72 40800 31.47 1.0803784/23/2010 31.65 31.65 31.18 31.33 41900 31.09 1.0815664/26/2010 31.81 31.93 31.21 31.36 16600 31.12 1.0832454/27/2010 32.17 33.19 32.13 32.88 39400 32.62 1.0826314/28/2010 32.45 32.55 31.77 31.95 34000 31.7 1.0844774/29/2010 32.17 32.5 31.78 32.37 30300 32.12 1.0816574/30/2010 32.55 33.6 32.55 33.56 27300 33.3 1.081079

5/3/2010 33.11 33.5 32.98 33.45 33700 33.19 1.0808095/4/2010 34.7 35.4 34.53 35.33 54000 35.05 1.0800115/5/2010 36.16 37.02 35.38 35.97 61100 35.69 1.0795665/6/2010 38.57 40.32 29 39.69 83300 39.38 1.0681965/7/2010 38.26 41 37.59 37.79 143400 37.5 1.083885

5/10/2010 34.7 35.69 34.66 35.29 47000 35.02 1.0870485/11/2010 35.79 35.85 34.61 35.1 35500 34.83 1.0830335/12/2010 34.84 34.95 34.1 34.1 25500 33.83 1.0877035/13/2010 34.93 35.24 33.81 34.92 53300 34.65 1.0834075/14/2010 35.88 37.49 35.88 36.87 41400 36.58 1.0825685/17/2010 36.67 37.7 36.27 36.32 30900 36.04 1.0859665/18/2010 37.24 38.46 37.24 38.29 178500 37.99 1.0801875/19/2010 38.21 39.46 38.08 38.75 31500 38.45 1.0797275/20/2010 40.49 41.58 40.23 41.24 63400 40.92 1.0800265/21/2010 42.86 43.1 40.7 41.46 74100 41.14 1.0793095/24/2010 41.94 41.97 40.71 40.94 43200 40.62 1.0813385/25/2010 43 43.28 41.47 41.52 61000 41.2 1.0882295/26/2010 41.11 41.24 40 41.11 61300 40.79 1.0853375/27/2010 39.1 39.32 38.07 38.07 58900 37.77 1.0892685/28/2010 38.64 39.17 38.21 39.11 28300 38.81 1.073475

6/1/2010 40.24 40.24 38.85 39.51 17500 39.2 1.086465

Page 19: Paired Short ETFs

6/2/2010 39.74 39.78 38.29 38.34 19000 38.04 1.0863286/3/2010 37.39 38.22 37.2 37.42 34600 37.13 1.0864466/4/2010 39.43 40.67 39.21 40.62 71800 40.3 1.0857796/7/2010 40.2 41.49 40 41.49 43300 41.17 1.0843226/8/2010 40.71 41.44 40.7 40.82 14600 40.5 1.0848066/9/2010 40.19 40.98 39.72 40.83 24100 40.51 1.085007

6/10/2010 39.83 39.83 38.23 38.4 25800 38.1 1.0856636/11/2010 39.67 40.35 39.22 39.99 30200 39.68 1.0872556/14/2010 38.71 39.36 38.46 39.33 23300 39.02 1.0876876/15/2010 39.45 39.6 38.26 38.68 14400 38.38 1.0874636/16/2010 39.5 39.6 38.6 39.35 19000 39.04 1.0872026/17/2010 39.59 40.84 39.53 40.39 43700 40.08 1.0872846/18/2010 40.52 40.62 39.99 40.15 45300 39.84 1.088866/21/2010 38.65 40.02 38.54 39.83 28200 39.52 1.0882356/22/2010 39.74 41.1 39.72 41.1 41400 41.01 1.0866686/23/2010 41.16 42.25 41.16 41.94 62400 41.84 1.090176/24/2010 42.19 42.38 40.84 41.15 34300 41.06 1.0885026/25/2010 40.7 42 40.57 41.66 24700 41.57 1.090466/28/2010 42.64 42.93 42.22 42.93 9700 42.83 1.0891116/29/2010 43.39 44.5 43.27 44.43 42900 44.33 1.0893966/30/2010 44.89 45.48 44.1 45.41 99400 45.31 1.088117

7/1/2010 45.65 47.03 45.44 45.61 68000 45.51 1.0886637/2/2010 44.86 45.43 44.24 44.48 79400 44.38 1.0877317/6/2010 44.52 45.7 44.4 45.55 62400 45.45 1.0908417/7/2010 45.35 45.4 43.78 43.87 65100 43.77 1.0904017/8/2010 43.05 43.43 42.71 43.03 28200 42.93 1.0918187/9/2010 42.42 42.65 42.16 42.16 29700 42.06 1.090404

7/12/2010 42.33 43.08 41.95 42.19 45300 42.09 1.0898767/13/2010 41.75 41.77 40.84 41.04 70700 40.95 1.0911367/14/2010 41.65 42.63 41.13 42.31 40400 42.21 1.0941697/15/2010 42.89 44.03 42.89 43.75 63900 43.65 1.0915337/16/2010 43.66 44.75 43.58 44.38 40400 44.28 1.0924757/19/2010 44.08 44.26 43.18 43.44 64200 43.34 1.0923337/20/2010 44.08 44.42 43.45 43.65 42600 43.55 1.0917127/21/2010 43.71 46.3 43.71 45.98 59300 45.88 1.0906257/22/2010 45.18 45.18 44.22 44.33 44000 44.23 1.0919377/23/2010 44.19 44.36 42.7 42.85 83200 42.75 1.0923257/26/2010 42.63 42.86 41.85 42.65 41300 42.55 1.0943477/27/2010 41.51 42 41.3 41.42 33100 41.33 1.0915267/28/2010 41.13 41.94 40.86 41.68 59400 41.59 1.0951047/29/2010 40.56 41.74 40.29 41.69 70600 41.59 1.0925857/30/2010 43.28 43.72 42.81 43.64 50900 43.54 1.092263

8/2/2010 42.35 42.4 41.68 41.81 47300 41.71 1.0932088/3/2010 42.22 42.78 42.02 42.41 33500 42.31 1.0929018/4/2010 42.66 42.66 41.37 41.37 24900 41.28 1.0954148/5/2010 42.36 42.52 41.75 41.91 27000 41.81 1.0969348/6/2010 42.98 43.56 42.55 43.35 43100 43.25 1.0961788/9/2010 42.83 43.16 42.77 42.92 11400 42.82 1.095193

Page 20: Paired Short ETFs

8/10/2010 43.28 44.5 42.48 43.04 60300 42.94 1.09638/11/2010 43.57 44.99 43.57 44.86 99400 44.76 1.0959938/12/2010 45.33 45.81 44.27 44.45 49500 44.35 1.0937158/13/2010 45.25 46.4 45.25 46.25 59200 46.14 1.0941418/16/2010 49.03 49.85 48.74 49.77 121700 49.66 1.0963088/17/2010 49.91 49.91 48.47 48.79 71200 48.68 1.0946698/18/2010 49.95 50.91 49.24 49.34 69600 49.23 1.0942788/19/2010 49.62 52.3 49.44 51.72 76000 51.6 1.0948598/20/2010 52.1 52.7 51.15 51.47 111000 51.35 1.0963458/23/2010 50.88 51.53 50.25 51.38 84500 51.26 1.0963618/24/2010 52.96 54.48 52.35 53.94 134400 53.82 1.0983598/25/2010 55.61 56.65 52.99 53.54 301100 53.42 1.0961388/26/2010 53.75 55.14 53.34 55.05 187600 54.92 1.097158/27/2010 53.93 54.77 49.93 50.08 297400 49.97 1.0977248/30/2010 51.45 53.19 50.81 53.19 95800 53.07 1.0932568/31/2010 54.64 55.11 53.54 54.96 130200 54.83 1.099086

9/1/2010 53.01 53.05 49.91 51.22 251400 51.1 1.0990129/2/2010 49.94 50.19 48.8 49.51 106000 49.4 1.098279/3/2010 46.18 47.86 46.18 47.53 160700 47.42 1.098719/7/2010 49.69 50.75 49.34 50.65 59700 50.53 1.0975479/8/2010 49.64 49.83 48.59 49.34 78900 49.23 1.0987239/9/2010 47.63 47.75 46.04 46.29 116400 46.18 1.100386

9/10/2010 45.36 46.04 44.84 45.55 135100 45.45 1.0993519/13/2010 44.74 46.61 44.74 46.17 136300 46.06 1.1009529/14/2010 46.63 47.68 46.5 47.63 68300 47.52 1.1004979/15/2010 46.17 46.84 45.18 45.5 66600 45.4 1.0996549/16/2010 44.56 44.7 43.4 44.3 111500 44.2 1.1006069/17/2010 44.95 45.41 44.37 44.78 98800 44.68 1.10189/20/2010 45.55 45.85 44.86 45.64 118100 45.54 1.1017319/21/2010 46.1 47.95 45.03 47.39 187000 47.28 1.1015569/22/2010 48.67 49.32 47.65 48.61 152100 48.61 1.1021749/23/2010 49.87 49.87 48.19 49.1 366100 49.1 1.1027589/24/2010 47.68 47.87 47.13 47.16 59300 47.16 1.1022199/27/2010 48.47 49.72 48.44 49.49 150700 49.49 1.1049019/28/2010 49.65 50.94 49.56 50.53 129400 50.53 1.1031189/29/2010 50.81 50.87 49.61 49.95 122800 49.95 1.1032149/30/2010 49.65 49.89 47.85 49.89 106300 49.89 1.10421310/1/2010 48.63 49.75 48.46 49.03 43800 49.03 1.10656110/4/2010 49.16 49.47 48.86 49.45 123300 49.45 1.10418810/5/2010 49.2 49.36 48.14 48.59 58500 48.59 1.10619910/6/2010 49.54 51.18 49.45 50.39 79200 50.39 1.10425910/7/2010 49.91 50.1 49.17 49.17 56400 49.17 1.10616110/8/2010 49.48 50.17 48.54 48.61 74900 48.61 1.104486

10/11/2010 48.28 48.66 48.13 48.58 36300 48.58 1.10612710/12/2010 48.83 49.26 47.09 47.1 84700 47.1 1.10713210/13/2010 45.88 46.92 45.52 46.91 115100 46.91 1.10443110/14/2010 47.15 47.65 44.7 44.77 234300 44.77 1.10570810/15/2010 43.55 44.06 42.65 43.19 149600 43.19 1.107725

Page 21: Paired Short ETFs

10/18/2010 44.3 44.54 43.81 44.28 106700 44.28 1.10703210/19/2010 43.51 45.43 43.47 44.97 131600 44.97 1.10654110/20/2010 44.5 45.7 44.31 45.16 228700 45.16 1.10664110/21/2010 44.87 45.19 43.66 43.68 77600 43.68 1.10933710/22/2010 43.31 44.54 43.26 44.45 74200 44.45 1.10873710/25/2010 45.47 45.65 44.77 44.92 77300 44.92 1.10650210/26/2010 43.88 44.03 42.74 42.79 127800 42.79 1.10822710/27/2010 42.24 42.87 41.69 41.71 114000 41.71 1.10818510/28/2010 42.16 42.46 41.67 41.92 92000 41.92 1.11013310/29/2010 42.38 43.23 42.27 43.12 61600 43.12 1.108723

11/1/2010 44.09 44.09 42.43 42.65 127000 42.65 1.10839211/2/2010 43.62 44.45 43.62 44.24 69300 44.24 1.10874611/3/2010 45.3 45.97 41 41.68 341300 41.68 1.10852311/4/2010 41.92 42.76 41.83 42.55 87800 42.55 1.10893411/5/2010 40.85 41.38 40.41 40.47 127600 40.47 1.11127811/8/2010 41.11 41.49 40.17 40.93 53900 40.93 1.10989411/9/2010 40.97 40.97 38.2 38.2 180400 38.2 1.110299

11/10/2010 38.36 38.69 36.76 38.33 812000 38.33 1.11171411/11/2010 38.44 38.6 38.1 38.32 166500 38.32 1.11174211/12/2010 38.08 38.72 37.68 37.68 203100 37.68 1.11176811/15/2010 37.11 37.5 35.36 35.38 363000 35.38 1.11181511/16/2010 36.51 38.01 35.57 37.88 120900 37.88 1.11242611/17/2010 37.55 38.59 37.01 37.28 58400 37.28 1.11439611/18/2010 37.37 37.72 36.41 37.68 177600 37.68 1.11429211/19/2010 37.82 38.35 37.6 38.35 130600 38.35 1.11505111/22/2010 39.39 39.61 38.06 38.83 174700 38.83 1.11675811/23/2010 39.72 40.03 39.23 39.48 115300 39.48 1.11559411/24/2010 38.68 38.91 37.2 37.38 116000 37.38 1.11581511/26/2010 38.54 38.93 38.33 38.84 97600 38.84 1.11668911/29/2010 39.52 39.96 38.96 39.87 77500 39.87 1.11634111/30/2010 41.47 41.55 40.18 40.52 322700 40.52 1.115944

12/1/2010 38.74 39.3 37.87 37.88 217000 37.88 1.11772212/2/2010 37.96 38.58 37.4 37.47 127200 37.47 1.11917512/3/2010 38.33 38.34 36.59 36.65 175300 36.65 1.11674312/6/2010 37.36 38.19 37.15 38.16 76400 38.16 1.11805712/7/2010 36.41 36.61 34.56 35.7 357300 35.7 1.11860712/8/2010 35.23 35.31 33.45 34.75 332500 34.75 1.11702112/9/2010 35.06 35.77 34.14 35.21 172600 35.21 1.117708

12/10/2010 34.76 35.36 34.58 34.64 178400 34.64 1.1173612/13/2010 34.47 35.54 33.9 34.91 166300 34.91 1.11845412/14/2010 32.78 33.38 31.72 32.48 333300 32.48 1.15076712/15/2010 32.45 32.56 30.74 31.24 947800 31.24 1.14967812/16/2010 31.3 31.86 30.84 31.85 451600 31.85 1.14957812/17/2010 32.21 34.13 32.18 33.53 526500 33.53 1.15011412/20/2010 34.12 34.64 33 33.5 405900 33.5 1.15139712/21/2010 33.44 34.16 32.83 34.16 216800 34.16 1.15054212/22/2010 33.52 33.62 32.95 33.2 149400 33.2 1.16038212/23/2010 33.28 33.28 32.55 32.81 74300 32.81 1.163016

Page 22: Paired Short ETFs

12/27/2010 32.81 33.93 32.29 33.88 77500 33.88 1.16063812/28/2010 33.44 33.44 31.53 31.88 331100 31.88 1.15961912/29/2010 32.01 33.81 31.7 33.44 234800 33.44 1.1622612/30/2010 33.14 33.57 32.68 33.4 100300 33.4 1.16130812/31/2010 33.84 35.07 33.77 34.45 169500 34.45 1.164514

1/3/2011 33.37 34.65 33.14 33.83 180500 33.83 1.1609471/4/2011 33.65 34.06 33.14 33.78 149900 33.78 1.1655571/5/2011 32.7 32.9 31.29 31.59 313600 31.59 1.1667021/6/2011 31.66 32.16 31.29 31.97 151400 31.97 1.1656251/7/2011 31.72 32.77 31.1 32.48 229200 32.48 1.164905

1/10/2011 32.76 33.16 32.33 33.01 100700 33.01 1.1668491/11/2011 32.64 32.72 31.76 32.43 124300 32.43 1.1659791/12/2011 31.85 32.27 31.56 31.79 103800 31.79 1.1657161/13/2011 31.62 32.86 31.5 32.54 172100 32.54 1.1667931/14/2011 32.94 33.03 31.89 31.94 61000 31.94 1.16671/18/2011 31.36 31.76 30.8 31.47 161000 31.47 1.1677061/19/2011 31.57 32.12 31.5 32.11 101500 32.11 1.1681411/20/2011 31.57 31.68 30.39 30.91 285800 30.91 1.1664661/21/2011 30.69 31.52 30.55 31.52 198900 31.52 1.168661/24/2011 31.91 31.92 31.42 31.56 130400 31.56 1.1694331/25/2011 31.95 32.96 31.35 32.48 189000 32.48 1.1672621/26/2011 32.24 32.25 30.88 31.05 243900 31.05 1.1678461/27/2011 31.06 31.63 30.65 31.39 236200 31.39 1.1706361/28/2011 30.78 32.26 30.75 31.86 252900 31.86 1.1709441/31/2011 31.63 31.94 31.04 31.21 136700 31.21 1.171104

2/1/2011 30.85 31.09 30.42 30.75 201200 30.75 1.1711052/2/2011 31.18 31.25 30.19 30.78 188400 30.78 1.1702092/3/2011 30.24 30.8 29.98 29.99 344000 29.99 1.1706812/4/2011 29.76 29.9 29.05 29.12 365000 29.12 1.1695452/7/2011 28.96 29.54 28.82 29.5 239600 29.5 1.1710712/8/2011 29.56 29.75 28.65 28.72 450500 28.72 1.1717162/9/2011 28.94 29.85 28.43 29.46 280800 29.46 1.169941

2/10/2011 29.17 29.32 28.45 28.45 248900 28.45 1.1712812/11/2011 29.25 29.7 28.98 29.64 244700 29.64 1.1722282/14/2011 29.49 30.07 29.49 29.74 169500 29.74 1.1711472/15/2011 29.72 30.15 29.56 30.1 66400 30.1 1.1711212/16/2011 30.05 30.5 29.55 29.82 116900 29.82 1.1735182/17/2011 30.21 30.32 29.85 29.98 113500 29.98 1.1710862/18/2011 29.61 29.72 29.27 29.71 120300 29.71 1.1724442/22/2011 30.06 31.08 29.89 30.98 182500 30.98 1.173732/23/2011 31.25 31.73 30.91 31.36 273000 31.36 1.1741712/24/2011 31.86 32.23 31.64 31.92 131000 31.92 1.1746082/25/2011 31.91 32.48 31.83 32.46 118900 32.46 1.1747292/28/2011 32.5 32.71 32.28 32.61 78800 32.61 1.175112

3/1/2011 32.01 32.94 31.97 32.94 73900 32.94 1.1741093/2/2011 32.35 32.47 31.41 31.41 144500 31.41 1.1756163/3/2011 30.95 31.18 30.36 30.47 120200 30.47 1.1759053/4/2011 30.5 31.25 30.48 31.21 172700 31.21 1.17576

Page 23: Paired Short ETFs

3/7/2011 30.41 31.23 30.23 30.62 72900 30.62 1.1755133/8/2011 30.49 30.71 30.05 30.05 93400 30.05 1.1763513/9/2011 30.45 31.16 30.25 30.91 86500 30.91 1.176675

3/10/2011 31.24 32.49 31.03 32.49 153400 32.49 1.1758943/11/2011 32.44 32.44 31.73 31.97 95600 31.97 1.1757573/14/2011 31.88 32.28 31.71 31.88 68400 31.88 1.1759143/15/2011 33.22 33.5 32.81 33.33 243800 33.33 1.1745823/16/2011 33.84 35.5 33.54 34.44 489700 34.44 1.1760053/17/2011 33.71 34.07 33.19 33.65 210500 33.65 1.1788363/18/2011 33.12 33.94 33.1 33.89 101500 33.89 1.1801933/21/2011 33.59 33.59 32.99 33.3 128000 33.3 1.1793333/22/2011 33.22 33.72 33.13 33.65 97800 33.65 1.1779963/23/2011 34.33 34.38 33.38 33.53 129600 33.53 1.1777363/24/2011 33.18 33.26 32.75 32.75 101200 32.75 1.1804243/25/2011 33.25 33.33 32.37 32.5 189500 32.5 1.1807133/28/2011 32.44 33.06 32.35 32.66 82000 32.66 1.1797723/29/2011 32.29 32.84 31.89 31.91 86800 31.91 1.1799833/30/2011 32.06 32.64 31.87 32.62 75400 32.62 1.1800153/31/2011 33.02 33.07 31.91 32.43 153400 32.43 1.179555

4/1/2011 32.18 32.98 32.14 32.93 164100 32.93 1.1783674/4/2011 32.95 33.32 32.87 33.01 77800 33.01 1.1812474/5/2011 32.88 33.05 32.39 32.63 113400 32.63 1.1807954/6/2011 32.49 32.49 31.18 31.22 88200 31.22 1.1784814/7/2011 31.15 31.38 30.75 30.99 113200 30.99 1.1801474/8/2011 30.51 30.9 30.42 30.48 96200 30.48 1.180425

4/11/2011 30.38 30.8 30.22 30.53 66000 30.53 1.1810354/12/2011 31.2 31.83 31.19 31.55 72500 31.55 1.1780854/13/2011 31.13 32.1 31.03 32.1 81000 32.1 1.1811994/14/2011 32.14 32.38 31.85 32.03 85200 32.03 1.1835064/15/2011 32.92 33.39 32.78 33.27 179900 33.27 1.1813224/18/2011 32.65 33.8 32.06 33.55 208700 33.55 1.1831044/19/2011 33.54 33.99 33.45 33.95 42300 33.95 1.1833994/20/2011 33.81 33.95 33.26 33.32 116300 33.32 1.1830584/21/2011 33.54 33.9 33.2 33.26 138300 33.26 1.1821024/25/2011 33.28 33.65 33.16 33.6 61200 33.6 1.1845574/26/2011 33.95 34.6 33.94 34.6 88400 34.6 1.184764/27/2011 34.18 34.28 33.41 33.55 82200 33.55 1.1838634/28/2011 33.91 34.28 33.63 34.28 187200 34.28 1.1841794/29/2011 34.17 34.66 34.07 34.56 202000 34.56 1.183783

5/2/2011 34.45 34.84 34.3 34.8 214000 34.8 1.1834485/3/2011 35.14 35.38 34.75 35.38 184000 35.38 1.1843015/4/2011 35.55 35.99 35.49 35.85 262000 35.85 1.1853335/5/2011 36.23 37 36.12 36.86 502300 36.86 1.1847635/6/2011 35.72 36.85 35.6 36.4 260600 36.4 1.1833025/9/2011 36.19 36.5 36.12 36.24 67000 36.24 1.186964

5/10/2011 35.94 36.14 35.49 35.51 120100 35.51 1.1846615/11/2011 35.54 36.35 35.35 36.05 116700 36.05 1.1871235/12/2011 36.23 36.39 35.04 35.41 110000 35.41 1.186089

Page 24: Paired Short ETFs

5/13/2011 35.86 36.81 35.75 36.35 121200 36.35 1.1862285/16/2011 36.3 37.16 36 36.99 128600 36.99 1.184845/17/2011 37.48 38.1 37.4 38.1 115300 38.1 1.1854275/18/2011 37.75 37.86 36.57 36.6 153300 36.6 1.1870165/19/2011 35.6 36.56 35.6 36.56 138500 36.56 1.1886265/20/2011 36.27 36.65 35.9 36.55 166600 36.55 1.1895785/23/2011 37.04 37.58 36.92 37.09 132000 37.09 1.1873785/24/2011 36.97 37.51 36.75 37.51 133200 37.51 1.1878945/25/2011 37.56 37.66 36.85 37.03 144200 37.03 1.1873555/26/2011 37.37 38 37.26 37.97 153100 37.97 1.1870015/27/2011 37.56 37.95 37.23 37.9 171600 37.9 1.189195/31/2011 37.6 38.22 37.47 38.14 166700 38.14 1.189798

6/1/2011 38.83 39.8 38.83 39.73 256100 39.73 1.1874216/2/2011 38.27 38.8 37.44 37.47 358300 37.47 1.1895296/3/2011 38.37 38.37 37.2 38.09 186400 38.09 1.1889386/6/2011 37.05 37.66 36.74 37.23 171100 37.23 1.1884996/7/2011 36.83 37.68 36.66 37.68 214300 37.68 1.1918016/8/2011 37.97 38.66 37.89 38.6 342900 38.6 1.1908216/9/2011 38.97 39.26 37.62 38.15 305400 38.15 1.189981

6/10/2011 38.76 39.33 38.66 38.99 176100 38.99 1.1902026/13/2011 38.51 39.14 38.4 38.42 183700 38.42 1.190716/14/2011 37.35 37.51 36.6 36.7 181100 36.7 1.1896966/15/2011 36.89 38.71 36.89 38.67 373900 38.67 1.1914346/16/2011 38.91 39.4 38.54 39.21 115100 39.21 1.1916726/17/2011 38.61 38.92 38.34 38.66 174300 38.66 1.1905816/20/2011 39.17 39.18 38.3 38.71 79400 38.71 1.1930866/21/2011 38.41 38.8 37.89 38.31 76400 38.31 1.1915186/22/2011 38.71 38.81 38.08 38.28 57500 38.28 1.1924516/23/2011 39.06 39.63 39 39.19 140200 39.19 1.1925676/24/2011 39.18 39.56 38.75 38.75 76900 38.75 1.1915476/27/2011 38.58 38.58 37.01 37.18 84600 37.18 1.1920676/28/2011 36.95 37.14 36.06 36.2 263700 36.2 1.1931896/29/2011 36.29 36.58 35.23 35.55 250200 35.55 1.1913996/30/2011 35.49 35.53 34.29 35.32 190200 35.32 1.194123

7/1/2011 35.74 35.8 34.86 35.14 171500 35.14 1.193377/5/2011 35.61 35.74 35.25 35.44 143200 35.44 1.1915227/6/2011 35.8 36.07 35.4 35.91 108300 35.91 1.1937367/7/2011 35.34 35.71 35.05 35.58 242200 35.58 1.1955437/8/2011 36.5 37.38 36.5 37.13 145800 37.13 1.194335

7/11/2011 37.91 38.73 37.59 38.69 124200 38.69 1.1962547/12/2011 39.41 39.41 38.5 39.18 210000 39.18 1.1938017/13/2011 38.66 39.53 37.95 39.5 394400 39.5 1.1940887/14/2011 38.55 39.14 37.82 37.87 468300 37.87 1.194482 26.93 0.01

Page 25: Paired Short ETFs

TMVDate Open High Low Close Volume Adj Close Return

4/16/2009 61.44 64.92 60.8 64.23 44900 64.234/20/2009 62.36 67.58 58.6 66.84 38000 66.84 4.06% 0.95% -5.01%4/27/2009 65.7 75.54 65.04 74.2 37200 74.2 11.01% -1.49% -9.52%

5/4/2009 73.67 82.22 72 80.5 64900 80.5 8.49% -0.08% -8.42%5/11/2009 79.5 79.5 71.5 72.61 57700 72.61 -9.80% -0.01% 9.81%5/18/2009 72.8 84.52 72.49 84.37 51000 84.37 16.20% -1.67% -14.52%5/26/2009 82.25 94.26 80.6 80.9 110300 80.9 -4.11% 2.89% 1.22%

6/1/2009 85.84 93.56 84.16 92.62 65800 92.62 14.49% -0.06% -14.42%6/8/2009 87.62 103.69 87.62 92.01 97900 92.01 -0.66% 0.82% -0.16%

6/15/2009 89.68 91.25 81.35 85.54 73400 85.54 -7.03% 0.70% 6.33%6/22/2009 83.58 84.74 76.25 76.84 72900 76.84 -10.17% -0.56% 10.73%6/29/2009 75.8 79.9 75.04 77.26 49500 77.26 0.55% -0.08% -0.46%

7/6/2009 78.07 79.5 70.34 71.83 68000 71.83 -7.03% 0.66% 6.36%7/13/2009 71.94 84.13 71 84.12 69000 84.12 17.11% -1.12% -15.99%7/20/2009 85.32 85.66 76.75 83.27 73600 83.27 -1.01% 1.35% -0.34%7/27/2009 86.49 87.76 73.17 73.23 92800 73.23 -12.06% -0.54% 12.60%

8/3/2009 74.79 84.98 74.79 84.32 87400 84.32 15.14% -0.94% -14.20%8/10/2009 84.04 84.33 73.66 75.93 78700 75.93 -9.95% -0.83% 10.78%8/17/2009 74.35 74.72 69.34 74.56 92100 74.56 -1.80% 1.66% 0.14%8/24/2009 75.33 75.33 67.05 67.05 93300 67.05 -10.07% -0.22% 10.29%8/31/2009 67.71 69.99 63.5 69.24 74300 69.24 3.27% 0.59% -3.86%

9/8/2009 70.69 73.06 63.39 65.61 118700 65.61 -5.24% -0.12% 5.37%9/14/2009 66.74 70.02 65.11 66.94 70100 66.94 2.03% 0.75% -2.78%9/21/2009 66.38 68.1 62.29 62.4 65400 62.4 -6.78% -0.26% 7.04%9/28/2009 61.72 62 56.94 59.5 81600 59.5 -4.65% 0.05% 4.60%10/5/2009 58.71 66.42 57.79 65.6 131000 65.6 10.25% 0.10% -10.35%

10/12/2009 66.05 68.5 63.15 65.72 112600 65.72 0.18% 0.69% -0.87%10/19/2009 65.61 67.35 62 67.21 73900 67.21 2.27% 0.26% -2.53%10/26/2009 68.08 70.23 64.45 64.91 147000 64.91 -3.42% 0.75% 2.67%

11/2/2009 65 71.97 64.77 69.97 136000 69.97 7.80% -0.38% -7.41%11/9/2009 69.93 71.91 67.87 68.44 76800 68.44 -2.19% 0.26% 1.92%

11/16/2009 66.94 66.99 58.12 58.62 151700 58.62 -14.35% 10.80% 3.55%11/23/2009 59.52 60 55.92 55.99 135200 55.99 -4.49% 0.16% 4.32%11/30/2009 56.47 62.33 55.45 61.4 113400 61.4 9.66% -0.23% -9.44%

12/7/2009 61.4 65.9 59.09 64.2 96700 64.2 4.56% -0.21% -4.35%12/14/2009 63.38 65.5 60.97 62.68 87100 62.68 -2.37% 0.38% 1.99%12/21/2009 63.89 69.45 63.77 69.37 121500 69.37 10.67% -0.32% -10.36%12/28/2009 69.64 70.22 66.58 68.25 140000 68.25 -1.61% -0.29% 1.91%

1/4/2010 68.02 70.51 65.83 69.51 96200 69.51 1.85% 0.77% -2.62%1/11/2010 70.15 70.69 64.36 65.15 126000 65.15 -6.27% 0.30% 5.97%1/19/2010 65.82 66.41 62 62.73 84600 62.73 -3.71% 0.08% 3.63%1/25/2010 63.82 64.82 62.1 62.23 76600 62.23 -0.80% 0.43% 0.36%

2/1/2010 62.69 65.88 61.13 62.19 101200 62.19 -0.06% 0.52% -0.45%2/8/2010 62.23 67.87 61.5 65.82 97700 65.82 5.84% 0.33% -6.17%

2/16/2010 66.71 69.6 65.1 67.36 118700 67.36 2.34% 0.17% -2.51%

-20.00% -10.00% 0.00% 10.00% 20.00%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

Column JLinear (Column J)

Page 26: Paired Short ETFs

2/22/2010 68.03 68.43 61.48 62.48 99100 62.48 -7.24% -0.55% 7.80%3/1/2010 62.51 65.13 61.7 64.92 68200 64.92 3.91% 0.17% -4.08%3/8/2010 65.51 67.08 63.9 64.18 78800 64.18 -1.14% 0.28% 0.86%

3/15/2010 64.31 64.96 61.8 62.36 113200 62.36 -2.84% 0.14% 2.69%3/22/2010 62.21 68.73 61.84 67.22 129800 67.22 7.79% 0.29% -8.08%3/29/2010 67.66 68.87 65.96 66.7 105200 66.7 -0.77% 0.07% 0.70%

4/5/2010 68.85 70.3 65.86 66.24 141300 66.24 -0.69% 0.86% -0.17%4/12/2010 65.75 66.8 63.86 64.05 138000 64.05 -3.31% 0.03% 3.27%4/19/2010 64 64.87 61.45 63.56 159200 63.56 -0.77% 0.25% 0.52%4/26/2010 62.63 63.8 59.05 59.1 241500 59.1 -7.02% -0.09% 7.11%

5/3/2010 59.76 60.01 46.95 51.57 381100 51.57 -12.74% 0.13% 12.61%5/10/2010 55.6 57.4 51.39 52.48 234900 52.48 1.76% 0.69% -2.45%5/17/2010 52.63 53.23 44.46 46.47 417000 46.47 -11.45% -1.01% 12.47%5/24/2010 45.97 50 44.2 49.21 321900 49.21 5.90% -0.23% -5.66%

6/1/2010 47.95 50.97 46.33 46.43 255800 46.43 -5.65% 1.81% 3.84%6/7/2010 47.01 49.05 45.45 46.81 448100 46.81 0.82% 0.72% -1.54%

6/14/2010 48.69 48.96 45.72 46.48 370500 46.48 -0.70% 0.30% 0.40%6/21/2010 48.3 48.38 43.69 44.37 495300 44.37 -4.54% 0.20% 4.34%6/28/2010 43.62 43.82 39.18 41.53 526100 41.53 -6.40% -0.36% 6.76%

7/6/2010 41.46 43.59 40.27 43.59 353700 43.59 4.96% 0.27% -5.23%7/12/2010 43.29 44.91 40.85 41.2 431100 41.2 -5.48% 0.20% 5.28%7/19/2010 41.5 42.55 39.32 42.44 315000 42.44 3.01% 0.45% -3.46%7/26/2010 42.58 44.96 41.35 41.54 345200 41.54 -2.12% 0.27% 1.85%

8/2/2010 42.74 43.58 41.36 41.51 237700 41.51 -0.07% 0.74% -0.67%8/9/2010 42.04 42.34 38.72 38.84 371300 38.84 -6.43% -0.25% 6.68%

8/16/2010 36.5 36.78 33.72 34.52 575600 34.52 -11.12% -0.17% 11.29%8/23/2010 34.97 35.34 31.34 35.02 613800 35.02 1.45% 1.24% -2.69%8/30/2010 34.14 37.39 31.7 36.42 619200 36.42 4.00% 1.11% -5.10%

9/7/2010 34.75 38.19 33.95 37.64 528400 37.64 3.35% 0.80% -4.15%9/13/2010 38.25 39.27 35.91 38.05 433400 38.05 1.09% 0.60% -1.69%9/20/2010 37.46 37.96 34 35.88 451000 35.88 -5.70% 0.15% 5.55%9/27/2010 34.85 35.17 33.05 34.26 371000 34.26 -4.52% 0.55% 3.97%10/4/2010 34.3 34.93 32.8 34.54 404100 34.54 0.82% 0.04% -0.86%

10/11/2010 34.59 39.13 34.05 38.6 567400 38.6 11.75% -0.60% -11.15%10/18/2010 37.65 38.44 36.43 37.39 569100 37.39 -3.13% 0.22% 2.92%10/25/2010 36.55 39.84 36.4 38.4 692700 38.4 2.70% 0.29% -2.99%

11/1/2010 37.56 40.63 35.91 40.51 727000 40.51 5.49% 0.65% -6.15%11/8/2010 39.88 44.35 39.48 43.28 873800 43.28 6.84% 0.06% -6.89%

11/15/2010 43.98 45.95 41.75 42 1114600 42 -2.96% 1.18% 1.78%11/22/2010 40.92 43.14 40.19 41.21 732000 41.21 -1.88% 0.60% 1.28%11/29/2010 40.5 43.44 38.43 43.42 1103700 43.42 5.36% 0.28% -5.64%

12/6/2010 42.53 47.09 41.55 45.59 1269600 45.59 5.00% 0.49% -5.48%12/13/2010 45.81 49.63 44.34 45.37 1858100 45.37 -0.48% 3.69% -3.20%12/20/2010 44.54 46.35 43.84 45.8 849300 45.8 0.95% 1.20% -2.15%12/27/2010 45.95 47.45 42.48 43.21 1141400 43.21 -5.66% 0.66% 5.00%

1/3/2011 44.44 47.5 42.95 45.59 1252200 45.59 5.51% 0.21% -5.72%1/10/2011 45.18 46.84 44.57 46.2 926900 46.2 1.34% 0.32% -1.66%1/18/2011 47.04 48.31 45.83 46.62 854800 46.62 0.91% 0.41% -1.31%1/24/2011 46.05 47.74 44.46 45.89 1018600 45.89 -1.57% 0.49% 1.08%1/31/2011 46.25 50.23 45.76 50.16 1308000 50.16 9.30% -0.70% -8.60%

2/7/2011 50.38 51.28 48.68 48.95 1282600 48.95 -2.41% 0.63% 1.79%

Page 27: Paired Short ETFs

2/14/2011 49.16 49.48 47.52 48.81 1027600 48.81 -0.29% 0.05% 0.24%2/22/2011 48.14 48.42 44.44 44.47 1246800 44.47 -8.89% -0.36% 9.26%2/28/2011 44.41 47.34 43.83 46.04 1354300 46.04 3.53% 0.32% -3.85%

3/7/2011 47.23 47.78 43.99 44.75 1190700 44.75 -2.80% 0.37% 2.44%3/14/2011 44.86 45.1 39.94 41.9 1518700 41.9 -6.37% 0.36% 6.01%3/21/2011 42.38 43.88 41.37 43.63 930900 43.63 4.13% -0.03% -4.10%3/28/2011 43.77 44.53 42.86 43.09 885800 43.09 -1.24% -0.09% 1.32%

4/4/2011 43.03 46.41 42.53 46.36 836800 46.36 7.59% -0.15% -7.44%4/11/2011 46.46 46.7 42.15 42.32 1156900 42.32 -8.71% -0.44% 9.15%4/18/2011 43.06 43.85 41.36 42.28 919200 42.28 -0.09% 0.12% -0.03%4/25/2011 42.2 42.37 40.4 40.53 852200 40.53 -4.14% 0.23% 3.91%

5/2/2011 40.65 40.85 37.74 38.44 946400 38.44 -5.16% -0.17% 5.32%5/9/2011 38.61 39.78 37.79 38.33 597600 38.33 -0.29% 0.42% -0.14%

5/16/2011 38.39 38.98 36.52 37.91 751400 37.91 -1.10% 0.55% 0.55%5/23/2011 37.42 37.73 36.47 36.53 595700 36.53 -3.64% -0.05% 3.69%5/31/2011 36.86 37.04 34.73 36.17 997800 36.17 -0.99% 0.48% 0.50%

6/6/2011 37.12 37.53 34.93 35.23 1047800 35.23 -2.60% 0.24% 2.36%6/13/2011 35.61 37.39 34.63 35.32 833400 35.32 0.26% 0.59% -0.85%6/20/2011 34.85 35.98 34.37 35.18 593200 35.18 -0.40% 0.16% 0.23%6/27/2011 35.32 39.58 35.3 38.63 1161700 38.63 9.81% -0.49% -9.32%

7/5/2011 38.11 38.67 36.17 36.45 808900 36.45 -5.64% -0.02% 5.66%7/11/2011 35.67 36 34.13 35.6 1100600 35.6 -2.33% 0.34% 1.99%

Page 28: Paired Short ETFs

TMFDate Open High Low Close Volume Adj Close

4/16/2009 58.52 59.17 55.21 55.54 20700 48.67 14/20/2009 57.16 60.97 52.7 52.75 27000 46.23 1.0094984/27/2009 54.26 54.3 47 47.73 14500 41.83 0.994419

5/4/2009 47.69 48.99 42.6 43.71 33000 38.31 0.9936685/11/2009 45.34 48.52 44.73 48 29900 42.07 0.9935345/18/2009 47.51 47.56 40.45 41.03 14900 35.96 0.9769155/26/2009 41.58 41.71 36.22 41.53 50700 36.4 1.005141

6/1/2009 39 39.5 35.21 35.55 66100 31.15 1.0044986/8/2009 36.57 36.81 31.34 35.49 167500 31.1 1.012726

6/15/2009 36.38 39.86 35.42 37.73 64800 33.07 1.0197896/22/2009 38.77 42.1 38 41.72 87200 36.62 1.0140376/29/2009 42.11 42.52 38.91 41.52 45700 36.45 1.013201

7/6/2009 40.58 45.01 38.68 44.17 59500 38.77 1.0199227/13/2009 44.24 44.54 37.1 37.1 41800 32.57 1.0085197/20/2009 36.47 40.3 35.9 36.98 56600 32.46 1.0221157/27/2009 35.6 41.7 35.2 41.64 56900 36.55 1.016566

8/3/2009 41.46 41.46 35.5 35.72 49600 31.36 1.0069668/10/2009 35.88 40.72 35.7 39.57 27000 34.74 0.9986298/17/2009 40.17 43 39.61 39.63 36700 34.79 1.015218/24/2009 39.19 43.71 39.18 43.71 31900 38.37 1.0129988/31/2009 43.5 46.06 41.12 42.03 67900 36.89 1.018985

9/8/2009 41.27 45.6 39.51 44.28 49800 38.87 1.0177149/14/2009 43.42 44.35 41.41 43.05 25200 37.79 1.0253619/21/2009 43.35 45.79 42.28 45.74 31400 40.45 1.0227299/28/2009 46.13 49.97 46 47.85 33400 42.31 1.02323210/5/2009 48.62 48.97 42.26 42.89 30300 37.93 1.024256

10/12/2009 43.17 44.45 40.83 42.52 56500 37.6 1.03129310/19/2009 42.81 44.98 41.44 41.44 20000 36.65 1.03396810/26/2009 40.92 42.85 39.56 42.55 31100 37.63 1.041704

11/2/2009 42.5 42.7 38.3 39.4 19500 34.84 1.03773411/9/2009 39.5 40.51 38 40.16 21400 35.51 1.040469

11/16/2009 41.11 42.74 36.8 37.38 27400 36.77 1.15284111/23/2009 36.8 39.04 36.41 39 31000 38.36 1.15471211/30/2009 38.7 39.42 34.82 35.32 31500 34.74 1.152108

12/7/2009 35.35 36.68 32.89 33.78 38500 33.23 1.14964612/14/2009 34.13 35.3 32.51 34.45 34200 33.89 1.15403112/21/2009 33.73 33.83 30.62 30.62 62100 30.38 1.15038212/28/2009 30.46 31.89 30.23 31.2 39300 30.96 1.146993

1/4/2010 31.06 32.17 30 30.39 35000 30.15 1.1558261/11/2010 30.28 32.62 29.9 32.2 34800 31.95 1.159321/19/2010 31.89 33.72 31.65 33.37 29500 33.11 1.1602921/25/2010 32.75 33.57 32.23 33.49 23900 33.23 1.165335

2/1/2010 33.08 33.8 31.57 33.34 24200 33.08 1.1713452/8/2010 33.34 33.59 30.35 31.28 26800 31.04 1.175209

2/16/2010 30.9 31.64 29.56 30.5 51700 30.26 1.177244

Page 29: Paired Short ETFs

2/22/2010 30.18 33.37 30.06 32.88 31500 32.62 1.1707173/1/2010 32.53 33.1 31.44 31.54 18700 31.29 1.1727313/8/2010 31.2 31.95 30.46 31.81 13900 31.56 1.175979

3/15/2010 31.77 32.96 31.4 32.66 43000 32.41 1.1776553/22/2010 32.77 32.88 29.3 30.02 38700 29.79 1.1810763/29/2010 29.83 30.54 29.26 30.24 46300 30 1.181886

4/5/2010 29.24 30.44 28.57 30.19 57700 29.95 1.1920074/12/2010 30.45 31.28 29.95 31.17 76800 30.93 1.1924134/19/2010 31.16 32.44 30.81 31.33 28500 31.09 1.1953674/26/2010 31.81 33.6 31.21 33.56 29500 33.3 1.194274

5/3/2010 33.11 41 29 37.79 75100 37.5 1.1958095/10/2010 34.7 37.49 33.81 36.87 40500 36.58 1.2040455/17/2010 36.67 43.1 36.27 41.46 75600 41.14 1.1918385/24/2010 41.94 43.28 38.07 39.11 50500 38.81 1.189064

6/1/2010 40.24 40.67 37.2 40.62 35700 40.3 1.2105876/7/2010 40.2 41.49 38.23 39.99 27600 39.68 1.219304

6/14/2010 38.71 40.84 38.26 40.15 29100 39.84 1.2229836/21/2010 38.65 42.38 38.54 41.66 38200 41.57 1.2253956/28/2010 42.64 47.03 42.22 44.48 59800 44.38 1.220996

7/6/2010 44.52 45.7 42.16 42.16 46300 42.06 1.224267/12/2010 42.33 44.75 40.84 44.38 52100 44.28 1.2267667/19/2010 44.08 46.3 42.7 42.85 58600 42.75 1.2322337/26/2010 42.63 43.72 40.29 43.64 51000 43.54 1.235593

8/2/2010 42.35 43.56 41.37 43.35 35100 43.25 1.2447158/9/2010 42.83 46.4 42.48 46.25 55900 46.14 1.241604

8/16/2010 49.03 52.7 48.47 51.47 89900 51.35 1.2395048/23/2010 50.88 56.65 49.93 50.08 201000 49.97 1.2548618/30/2010 51.45 55.11 46.18 47.53 148800 47.42 1.268732

9/7/2010 49.69 50.75 44.84 45.55 97500 45.45 1.278949/13/2010 44.74 47.68 43.4 44.78 96300 44.68 1.2866769/20/2010 45.55 49.87 44.86 47.16 176500 47.16 1.2886379/27/2010 48.47 50.94 47.85 49.03 110600 49.03 1.29572310/4/2010 49.16 51.18 48.14 48.61 78400 48.61 1.296232

10/11/2010 48.28 49.26 42.65 43.19 124000 43.19 1.28839610/18/2010 44.3 45.7 43.26 44.45 123700 44.45 1.29119710/25/2010 45.47 45.65 41.67 43.12 94500 43.12 1.294953

11/1/2010 44.09 45.97 40.41 40.47 150600 40.47 1.30338111/8/2010 41.11 41.49 36.76 37.68 283100 37.68 1.304113

11/15/2010 37.11 38.59 35.36 38.35 170100 38.35 1.31949311/22/2010 39.39 40.03 37.2 38.84 125900 38.84 1.32745311/29/2010 39.52 41.55 36.59 36.65 183900 36.65 1.331113

12/6/2010 37.36 38.19 33.45 34.64 223400 34.64 1.33759112/13/2010 34.47 35.54 30.74 33.53 485100 33.53 1.38690712/20/2010 34.12 34.64 32.55 32.81 211600 32.81 1.40354412/27/2010 32.81 35.07 31.53 34.45 182600 34.45 1.412759

1/3/2011 33.37 34.65 31.1 32.48 204900 32.48 1.4157321/10/2011 32.76 33.16 31.5 31.94 112300 31.94 1.4203271/18/2011 31.36 32.12 30.39 31.52 186800 31.52 1.4260921/24/2011 31.91 32.96 30.65 31.86 210400 31.86 1.4330391/31/2011 31.63 31.94 29.05 29.12 247000 29.12 1.42294

2/7/2011 28.96 29.85 28.43 29.64 292900 29.64 1.431856

Page 30: Paired Short ETFs

2/14/2011 29.49 30.5 29.27 29.71 117300 29.71 1.4325692/22/2011 30.06 32.48 29.89 32.46 176300 32.46 1.4273472/28/2011 32.5 32.94 30.36 31.21 118000 31.21 1.431921

3/7/2011 30.41 32.49 30.05 31.97 100300 31.97 1.4371733/14/2011 31.88 35.5 31.71 33.89 222700 33.89 1.4423913/21/2011 33.59 34.38 32.37 32.5 129200 32.5 1.4419963/28/2011 32.44 33.07 31.87 32.93 112300 32.93 1.440765

4/4/2011 32.95 33.32 30.42 30.48 97700 30.48 1.4386224/11/2011 30.38 33.39 30.22 33.27 96900 33.27 1.4323044/18/2011 32.65 33.99 32.06 33.26 126400 33.26 1.4340894/25/2011 33.28 34.66 33.16 34.56 124200 34.56 1.437394

5/2/2011 34.45 37 34.3 36.4 284500 36.4 1.4349885/9/2011 36.19 36.81 35.04 36.35 107000 36.35 1.441065

5/16/2011 36.3 38.1 35.6 36.55 140400 36.55 1.4489275/23/2011 37.04 38 36.75 37.9 146800 37.9 1.4481535/31/2011 37.6 39.8 37.2 38.09 241800 38.09 1.455165

6/6/2011 37.05 39.33 36.66 38.99 241900 38.99 1.4585996/13/2011 38.51 39.4 36.6 38.66 205600 38.66 1.4672186/20/2011 39.17 39.63 37.89 38.75 86000 38.75 1.4696186/27/2011 38.58 38.58 34.29 35.14 192000 35.14 1.462409

7/5/2011 35.61 37.38 35.05 37.13 159800 37.13 1.4621197/11/2011 37.91 39.53 37.59 37.87 299200 37.87 1.467076 26.83 0.01

Page 31: Paired Short ETFs

TMV TMFDate Open High Low Close Volume Adj Close Return Date4/16/2009 61.44 75.2 58.6 72.53 46200 64.41 4/16/2009

5/1/2009 74.58 94.26 71.5 80.9 72000 71.84 -11.54% 3.02% 14.55% 5/1/20096/1/2009 85.84 103.69 75.04 76.88 78000 68.27 4.97% 4.83% -0.14% 6/1/20097/1/2009 79.3 87.76 70.34 73.23 80000 65.03 4.75% 4.47% -0.27% 7/1/20098/3/2009 74.79 84.98 66.1 66.69 88900 59.22 8.93% 3.08% -5.85% 8/3/20099/1/2009 67.69 73.06 59.87 60.67 81300 53.88 9.02% 1.63% -7.39% 9/1/2009

10/1/2009 59.69 70.23 56.94 64.91 120300 57.64 -6.98% 2.46% 9.43% 10/1/200911/2/2009 65 71.97 55.45 55.49 124700 55.49 3.73% 0.73% -3.00% 11/2/200912/1/2009 56.73 70.22 56.23 68.25 118900 68.25 -23.00% -2.87% 20.12% 12/1/2009

1/4/2010 68.02 70.69 62 62.23 100800 62.23 8.82% 1.49% -7.33% 1/4/20102/1/2010 62.69 69.6 61.13 62.48 110700 62.48 -0.40% 1.43% 1.84% 2/1/20103/1/2010 62.51 68.87 61.7 66 104400 66 -5.63% 1.54% 7.17% 3/1/20104/1/2010 66.98 70.3 59.05 59.1 178000 59.1 10.45% 0.48% -9.97% 4/1/20105/3/2010 59.76 60.01 44.2 49.21 350200 49.21 16.73% 0.19% -16.55% 5/3/20106/1/2010 47.95 50.97 40.61 40.69 434700 40.69 17.31% 0.57% -16.75% 6/1/20107/1/2010 40.48 44.96 39.18 41.54 404400 41.54 -2.09% 1.82% 3.91% 7/1/20108/2/2010 42.74 43.58 31.34 31.72 504600 31.72 23.64% -2.29% -25.93% 8/2/20109/1/2010 32.98 39.27 32.87 33.75 485400 33.75 -6.40% 2.61% 9.01% 9/1/2010

10/1/2010 34.65 39.84 32.8 38.4 571600 38.4 -13.78% -0.21% 13.57% 10/1/201011/1/2010 37.56 45.95 35.91 39.49 938300 39.49 -2.84% 3.19% 6.03% 11/1/201012/1/2010 41.17 49.63 40.62 43.21 1325500 43.21 -9.42% 5.56% 14.98% 12/1/2010

1/3/2011 44.44 48.31 42.95 46.82 1023700 46.82 -8.35% 1.05% 9.40% 1/3/20112/1/2011 47.42 51.28 44.06 44.25 1306100 44.25 5.49% 1.00% -4.49% 2/1/20113/1/2011 45.11 47.78 39.94 43.72 1247800 43.72 1.20% 1.75% 0.55% 3/1/20114/1/2011 44.03 46.7 40.4 40.53 978100 40.53 7.30% 0.73% -6.57% 4/1/20115/2/2011 40.65 40.85 36.22 36.28 742100 36.28 10.49% 0.13% -10.36% 5/2/20116/1/2011 35.64 39.58 34.37 38.41 986200 38.41 -5.87% 1.52% 7.39% 6/1/20117/1/2011 38 38.92 34.13 35.6 1103200 35.6 7.32% 0.10% -7.22% 7/1/2011

-30% -20% -10% 0% 10% 20% 30%

-30%

-20%

-10%

0%

10%

20%

30%

Return CorrelationsMonthly Return Short TMV vs Short

TMF

Page 32: Paired Short ETFs

Open High Low Close Volume Adj Close58.52 60.97 47.75 48.61 25000 42.6 147.13 48.99 36.22 41.53 32100 36.4 1.030185

39 42.52 31.34 41.52 92800 36.45 1.07996440.32 45.01 35.2 41.64 55300 36.55 1.12825541.46 44.27 35.5 44.07 38300 38.69 1.16299743.34 47.53 39.51 46.99 42400 41.55 1.18189847.75 49.97 39.56 42.55 36100 37.63 1.210924

42.5 42.74 36.41 39.4 24900 38.76 1.21972938.54 38.64 30.23 31.2 43500 30.96 1.18470731.06 33.72 29.9 33.49 32000 33.23 1.20234133.08 33.8 29.56 32.88 34300 32.62 1.21958232.53 33.1 29.26 30.52 33000 30.28 1.23836

30.1 33.6 28.57 33.56 49000 33.3 1.24431733.11 43.28 29 39.11 61800 38.81 1.24665340.24 45.48 37.2 45.41 39500 45.31 1.25370145.65 47.03 40.29 43.64 56800 43.54 1.27648642.35 56.65 41.37 54.96 103000 54.83 1.24725153.01 53.05 43.4 49.89 137500 49.89 1.27980348.63 51.18 41.67 43.12 105200 43.12 1.27714244.09 45.97 35.36 40.52 202100 40.52 1.31789738.74 39.3 30.74 34.45 272300 34.45 1.39117433.37 34.65 30.39 31.21 182900 31.21 1.40578730.85 32.71 28.43 32.61 211100 32.61 1.41989232.01 35.5 30.05 32.43 144500 32.43 1.44473632.18 34.66 30.22 34.56 123300 34.56 1.4552634.45 38.22 34.3 38.14 177500 38.14 1.45711238.83 39.8 34.29 35.32 202100 35.32 1.47930135.74 39.53 34.86 37.87 275100 37.87 1.480723 27.00 0.01

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Return Correlations Linear (Return Correlations)Portfolio Return Polynomial (Portfolio Return)

Page 33: Paired Short ETFs

Average Monthly ReturnDaily 0.66%Weekly 1.44%Monthly 1.46%

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Average Monthly Return by Rebalancing FrequencyTMv - TMF Paired Short Portfolio

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Page 34: Paired Short ETFs

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Average Monthly Return by Rebalancing FrequencyTMv - TMF Paired Short Portfolio

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