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Stan Udler - Stan Udler Global Index

September 18, 2006

Advisor Name: Stan Udler
Program Name: Stan Udler Global Index
Address: Level 9 Suite 5
132 Arthur Street
North Sydney, NSW 2060
Telephone Number: 61.2.9922.3054
Status: Managed Futures Advisor
Commodity Trading Advisor
Yearly Statistics
Year Return Drawdown Assets
2006 2.73 % -0.56 % $5,700,000
2005 6.06 % -3.64 % $3,600,000
2004 -4.11 % -7.82 % $3,400,000
2003 3.66 % -6.28 % $14,300,000
2002 0.40 % -9.07 % $7,900,000
2001 19.88 % -5.53 % $5,100,000
2000 47.21 % -2.19 % $1,400,000
1999 10.49 % -12.17 % $1,800,000
1998 56.78 % -6.89 % $1,700,000
1997 32.81 % 0.00 % $200,000

Year by Year Analysis
Total Number of Years: 10
Average Year: 17.59 %
Largest Year: 56.78 %
Smallest Year: ( -4.11 %)
Standard Dev. of Year Returns: 21.12 %
Average Win/Average Lose: 4.87
Month by Month Analysis
Total Number of Months: 111
Average Month: 1.42 %
Largest Month: 20.94 %
Smallest Month: ( -9.07 %)
Standard Dev. of Monthly Returns: 3.86 %
Average Win/Average Lose: 1.57

Month by Month Returns
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1997 - - - - - - 1.15 1.35 1.23 5.52 2.32 3.60 8.05 1.09 4.75
1998 4.12 6.01 2.84 1.87 0.13 -0.29 5.82 20.94 6.02 2.09 -6.89 5.29
1999 7.17 -5.63 -1.77 -2.47 -1.00 -1.87 0.43 4.05 1.08 8.51 2.18 0.23
2000 9.82 0.57 2.04 2.86 5.23 -2.19 4.87 2.19 8.32 5.91 1.71 -1.33
2001 4.68 2.14 -0.90 6.79 -4.92 -0.44 2.04 5.14 0.48 1.08 -5.53 8.73
2002 -9.07 4.81 -2.82 4.01 -4.26 0.41 4.62 0.97 -0.42 1.07 -0.44 2.43
2003 -2.31 -0.60 1.75 4.01 0.38 0.43 -2.66 -3.72 6.51 0.30 -2.18 2.17
2004 -0.98 -0.93 -1.18 2.53 -1.59 1.23 -1.67 -2.06 -1.27 -2.03 -0.06 4.02
2005 1.55 -2.58 2.45 -0.73 -2.74 1.93 1.63 2.24 0.74 -0.63 1.49 0.72
2006 -0.53 -0.03 2.35 1.09 -0.49 0.34

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