1. A SSET A LLOCATION
Periodic Table of Asset Classes
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Emerging Emerging Emerging Emerging Managed
Highest Markets
Commodities Real Estate Commodities
Markets
Real Estate
Markets
Real Estate
Markets Futures
Return 24.21% 13.93% 23.86% 31.56% 36.14%
66.42% 56.28% 30.31% 39.39% 13.60%
Intermediate- Intermediate- Emerging Emerging Intermediate-
Long/Short Real Estate Small-Cap Commodities Long/Short
Term Bond Term Bond Markets Markets Term Bond
47.23% 22.80% 47.30% 17.54% 13.66%
8.42% 10.27% 25.95% 32.59% 5.24%
International Market International International International International Money
Muni Bond Muni Bond Mid-Cap
Equity Neutral Equity Equity Equity Equity Market
19.18% 9.60% 40.10%
27.31% 7.27% 20.70% 13.54% 26.34% 11.17% 1.51%
Managed International Market
Small-Cap High Yield Real Estate Mid-Cap Mid-Cap Small-Cap Commodities
Futures Equity Neutral
21.30% 5.80% 3.81% 20.20% 12.70% 18.40% 11.08%
16.20% 39.16% 0.61%
Market Intermediate-
Multi-Cap Muni Bond High Yield Real Estate Small-Cap Real Estate Multi-Cap Muni Bond
Neutral Term Bond
20.90% 5.13% 3.11% 37.08% 18.30% 12.16% 15.70% -2.47%
13.87% 6.97%
Intermeidate- Money Market Market
Large-Cap Multi-Cap High Yield Long/Short Large-Cap Long/Short
Term Bond Market Neutral Neutral
20.09% 31.10% 11.96% 9.68% 15.50% -19.76%
11.63% 4.09% 2.04% 6.48%
Managed Money Market
Commodities Mid-Cap Large-Cap Multi-Cap Mid-Cap Large-Cap High Yield
Futures Market Neutral
18.60% 8.20% 29.90% 11.90% 15.30% 5.80% -26.17
3.67% 1.70% 7.11%
Money
Mid-Cap Small-Cap Long/Short High Yield Long/Short Large-Cap Long/Short Mid-Cap Small-Cap
Market
18.20% 2.50% -1.60% 27.93% 11.56% 6.30% 14.38% 5.60% -33.80%
5.96%
Market Emerging Managed
Long/Short Commodities Large-Cap Multi-Cap High Yield Multi-Cap Large-Cap
Neutral Markets Futures
2.08% 22.66% 11.40% 6.10% 11.85% 5.10% -37.60%
9.85% -2.37% -1.63%
Money Emerging Market Money
Small-Cap Long/Short Long/Short Commodities Small-Cap Commodities
Market Markets Neutral Market
-3.00% -3.65% 17.27% 7.64% 4.60% -37.61%
4.74% -6.00% 7.64 4.71%
International Market Market Managed Money
High Yield High Yield Mid-Cap Muni Bond Multi-Cap
Equity Neutral Neutral Futures Market
3.28% -5.21% -5.60% 3.36% -37.30%
-15.64% 8.83% 4.97% 3.75% 5.08%
Managed Managed
Multi-Cap Multi-Cap Mid-Cap Muni Bond Muni Bond Muni Bond Muni Bond Real Estate
Futures Futures
-7.50% -11.50% -16.20% 4.32% 4.47% 3.51% 4.84 -37.73%
0.38% 2.87%
Intermediate- Intermediate- Intermediate- Money Intermediate-
Large-Cap Large-Cap Small-Cap High Yield Mid-Cap
Term Bond Term Bond Term Bond Market Term Bond
-7.80% -12.40% -20.50% 2.66% -41.50%
-0.83% 4.11% 4.34% 3.34% 3.84%
International International Managed Managed Intermediate- Managed International
Muni Bond Multi-Cap Small-Cap
Equity Equity Futures Futures Term Bond Futures Equity
-4.44% -21.50% -1.60%
-13.95% -21.21% 3.92% 3.52% 2.43% 0.40% -45.09%
Emerging Money Money Emerging
Real Estate Commodities Large-Cap High Yield Commodities Real Estate
Lowest Markets Market Market Markets
-4.62% -22.32% -21.70% 2.26% -2.71% -15.69%
Return -30.60% 1.07% 1.24% -53.33%
The above asset classes are represented by the following indices: Large-Cap – Russell 1000; Mid-Cap – Russell Midcap; Small-Cap – Russell 2000; International
Equity – MSCI EAFE; Multi-Cap – Russell 3000; Emerging Markets – MSCI EMF; Intermediate-Term Bonds – Barclays Capital U.S. Aggregate Bond Index;
Municipal Bonds – Barclays Capital U.S. Municipal Bond; Real Estate – NAREIT Equity-REITs; High-Yield Bond – CSFB High Yield Index; Money Market –
Citigroup 3–Month T-Bill, Long/Short – Credit Suisse Termont Long/Short Equity; Managed Futures – MLM Index; Market Neutral – Casam/Cisdm Equity Market
Neutral Index; Commodities – Dow Jones AIG Commodity Index. This example is for illustrative purposes only. Performance data quoted represents past performance.
Past performance does not guarantee future returns. Investors should note that diversification does not assure against market loss and that there is no guarantee that a
diversified portfolio will outperform a non-diversified portfolio. The return and value of investment products will fluctuate with market conditions. Data provided by
MPI Stylus and FactSet. Indices are unmanaged and investors cannot invest directly in an index.
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