| Michael J Butkus & Co. |
| INVESTMENT PERFORMANCE HISTORY |
| CORE CLIENT COMPOSITE NET OF FEES |
| From 12/31/2002 to 12/31/2011 |
| |
| |
|
|
Butkus & Co. |
Dow Jones |
NASDAQ |
S&P 500 |
| Time Period |
|
|
Composite |
Industrials |
Composite |
Index |
|
|
|
|
|
|
|
|
|
|
|
| 12/31/02 |
to |
12/31/03 |
41. |
43% |
28. |
22% |
50. |
78% |
28. |
69% |
| 12/31/03 |
to |
12/31/04 |
22. |
36% |
5. |
27% |
9. |
03% |
10. |
87% |
| 12/31/04 |
to |
12/31/05 |
7. |
02% |
1. |
40% |
2. |
13% |
4. |
89% |
| 12/31/05 |
to |
12/31/06 |
24. |
53% |
19. |
04% |
10 |
37% |
15. |
79% |
| 12/31/06 |
to |
12/31/07 |
15. |
09% |
8. |
87% |
10. |
65% |
5. |
5% |
| 12/31/07 |
to |
12/31/08 |
-31. |
29% |
-31. |
93% |
-39. |
98% |
-37. |
00% |
| 12/31/08 |
to |
12/31/09 |
33. |
43% |
22. |
66% |
45. |
36% |
26. |
46% |
| 12/31/09 |
to |
12/31/10 |
13. |
26% |
14. |
06% |
18. |
15% |
15. |
06% |
| 12/31/10 |
to |
12/31/11 |
-4. |
50% |
8. |
38% |
-1. |
57% |
2. |
1% |
| |
|
|
|
|
|
|
|
|
|
|
| Annualized Returns: |
1 Year |
|
-4. |
50% |
8. |
38% |
-1. |
57% |
2. |
11% |
|
13. |
01% |
14. |
89% |
19. |
13% |
14. |
11% |
|
2. |
67% |
2. |
36% |
2. |
34% |
-0. |
25% |
|
8. |
07% |
4. |
55% |
4. |
10% |
3. |
63% |
| Since Inception (8/31/2002) |
10. |
84% |
6. |
35% |
8. |
36% |
5. |
53% |
The above is the time-weighted rate of return, net of fees, for all accounts discretionarily managed by Michael J. Butkus and Company which, at the end of each calendar quarter, contain at least twenty individual equity positions and have no more than 10% of their total dollar value in any combination of mutual funds, unsolicited securities positions or fixed income investments, the latter calculated at par. All "Annualized Returns" time periods above end 12/31/2011. The Dow Jones Industrial Average is comprised of stocks in thirty large capitalization companies. The NASDAQ Composite Index is comprised of all NASDAQ National Market and Small Cap stocks. While an investment cannot be made directly in an index, these indices are used for comparison as, taken together, they represent the spectrum of large to small capitalization stocks in the accounts which comprise this composite. This composite's performance assumes that dividends are reinvested. Actual client risk tolerances, objectives and fees may vary, as will performance. Investment entails risk. Past performance does not assure similar performance in the future.
