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	Swinford	90 Day	Cash	Barclay Discretionary	S&P500
Last day of month:	VAMI Value	T-Bill Return	S&P 500 Price	Index Vami Value	Returns
10/31/08	4,650.62	0.0584%	968.75	1,742	-16.94%
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Calculations
Name:	Swinford		S&P500	Barclay Discretionary Index
Trailing 12 months:	21.66%		-37.47%	15.41%
Start to Date:	365.1%		-4.7%	80.6%
Winning months:	79		68	78
Losing months:	42		53	43
% of profitable months:	65%		56%	64%
Average Winning months:	3.02%		3.05%	1.17%
Average Losing months:	-1.84%		-3.78%	-0.72%
Max peak-to-valley (%):	-9.89%		-46.28%	-3.29%
Max peak-to-valley (months):	8		80	13
Annual Sharpe Ratio:	1.09		-0.17	0.61
Standard Deviation of returns:	3.33%		4.41%	1.24%
Downside Deviation:	2.02%		3.31%	0.69%
Correlation with S&P500	0.053		1.000	-0.072
Correlation with Barclay	0.186		-0.072	1.000
Program Start Date	Oct-98
Start Value	1,000.00	0.3896%	1017.01	1,000.00
Trailing 12 months:	3,822.75	0.3397%	1549.37	1,565.18
	Program VAMI	Benchmark Data			Return %			VAMI			winning months			losing months			Peak-2-Valley: New Peak			Peak-2-Valley: # Months off peak			Peak-to-Valley: %			(Return-risk free rate) for Sharpe
Year End	Swinford	90-Day T-Bill	S&P500	Barclay Discretionary	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay	Model	S&P	Barclay
10/31/08	4,650.62	0.0584%	968.75	1,806.38	-1.3%	-16.94%	3.35%	4651	969	1806			3.3%	-1.3%	-16.9%		4710	1549	1806	1	12	0	-1.3%	-37.5%	0.0%	-1.3%	-17.0%	3.3%
9/30/08	4,709.90	0.0943%	1166.36	1,747.83	1.1%	-9.08%	0.11%	4710	1167	1748	1.1%		0.1%		-9.1%		4710	1549	1766	0	11	3	0.0%	-24.7%	-1.0%	1.0%	-9.2%	0.0%
8/31/08	4,659.70	0.1482%	1282.83	1,745.91	-0.3%	1.22%	0.33%	4660	1283	1746		1.2%	0.3%	-0.3%			4675	1549	1766	1	10	2	-0.3%	-17.2%	-1.2%	-0.5%	1.1%	0.2%
7/31/08	4,674.83	0.1406%	1267.38	1,740.17	2.6%	-0.99%	-1.48%	4675	1268	1740	2.6%				-1.0%	-1.5%	4675	1549	1766	0	9	1	0.0%	-18.2%	-1.5%	2.5%	-1.1%	-1.6%
6/30/08	4,556.70	0.1549%	1280.00	1,766.31	7.9%	-8.60%	2.57%	4557	1281	1766	7.9%		2.6%		-8.6%		4557	1549	1766	0	8	0	0.0%	-17.4%	0.0%	7.8%	-8.8%	2.4%
5/31/08	4,221.20	0.1491%	1400.37	1,722.05	-0.8%	1.07%	0.81%	4221	1401	1722		1.1%	0.8%	-0.8%			4341	1549	1729	2	7	3	-2.8%	-9.6%	-0.4%	-0.9%	0.9%	0.7%
4/30/08	4,255.28	0.1074%	1385.58	1,708.22	-2.0%	4.75%	-0.03%	4255	1386	1708		4.8%		-2.0%		-0.0%	4341	1549	1729	1	6	2	-2.0%	-10.6%	-1.2%	-2.1%	4.6%	-0.1%
3/31/08	4,341.20	0.1084%	1322.70	1,708.73	4.4%	-0.60%	-1.15%	4341	1323	1709	4.4%				-0.6%	-1.2%	4341	1549	1729	0	5	1	0.0%	-14.6%	-1.2%	4.3%	-0.7%	-1.3%
2/29/08	4,156.89	0.1719%	1330.63	1,728.61	-0.1%	-3.48%	4.72%	4157	1331	1729			4.7%	-0.1%	-3.5%		4161	1549	1729	1	4	0	-0.1%	-14.1%	0.0%	-0.3%	-3.7%	4.5%
1/31/08	4,161.35	0.2389%	1378.54	1,650.70	4.9%	-6.12%	2.82%	4161	1379	1651	4.9%		2.8%		-6.1%		4161	1549	1651	0	3	0	0.0%	-11.0%	0.0%	4.7%	-6.4%	2.6%
12/31/07	3,967.36	0.2607%	1468.35	1,605.42	3.4%	-0.86%	2.02%	3967	1469	1605	3.4%		2.0%		-0.9%		3967	1549	1605	0	2	0	0.0%	-5.2%	0.0%	3.1%	-1.1%	1.8%
11/30/07	3,836.67	0.2753%	1481.14	1,573.64	0.4%	-4.40%	0.54%	3837	1482	1574	0.4%		0.5%		-4.4%		3837	1549	1574	0	1	0	0.0%	-4.4%	0.0%	0.1%	-4.7%	0.3%
10/31/07	3,822.75	0.3397%	1549.37	1,565.18	5.8%	1.48%	-0.20%	3823	1550	1565	5.8%	1.5%				-0.2%	3823	1549	1568	0	0	1	0.0%	0.0%	-0.2%	5.5%	1.1%	-0.5%
9/30/07	3,611.56	0.3279%	1526.74	1568.32	2.2%	3.58%	2.17%	3612	1528	1568	2.2%	3.6%	2.2%				3777	1531	1568	3	4	0	-4.4%	-0.3%	0.0%	1.8%	3.3%	1.8%
8/31/07	3,535.44	0.3669%	1473.99	1535.01	0.3%	1.29%	-0.49%	3535	1475	1535	0.3%	1.3%				-0.5%	3777	1531	1543	2	3	1	-6.4%	-3.7%	-0.5%	-0.1%	0.9%	-0.9%
7/31/07	3,525.08	0.4213%	1455.27	1542.57	-6.7%	-3.20%	0.77%	3525	1456	1543			0.8%	-6.7%	-3.2%		3777	1531	1543	1	2	0	-6.7%	-4.9%	0.0%	-7.1%	-3.6%	0.3%
6/30/07	3,776.50	0.3896%	1503.35	1530.78	5.0%	-1.78%	0.54%	3777	1504	1531	5.0%		0.5%		-1.8%		3777	1531	1542	0	1	4	0.0%	-1.8%	-0.7%	4.6%	-2.2%	0.2%
5/31/07	3,596.23	0.4136%	1530.62	1522.56	-0.3%	3.26%	0.88%	3596	1531	1523		3.3%	0.9%	-0.3%			3698	1531	1542	5	0	3	-2.8%	0.0%	-1.3%	-0.7%	2.8%	0.5%
4/30/07	3,605.30	0.4118%	1482.37	1509.28	-1.0%	4.33%	-1.80%	3605	1483	1509		4.3%		-1.0%		-1.8%	3698	1518	1542	4	80	2	-2.5%	-2.3%	-2.1%	-1.5%	3.9%	-2.2%
3/31/07	3,643.25	0.4315%	1420.86	1536.94	-0.9%	1.00%	-0.34%	3643	1422	1537		1.0%		-0.9%		-0.3%	3698	1518	1542	3	79	1	-1.5%	-6.4%	-0.3%	-1.3%	0.6%	-0.8%
2/28/07	3,675.00	0.3958%	1406.82	1542.19	2.9%	-2.19%	1.24%	3675	1407	1542	2.9%		1.2%		-2.2%		3698	1518	1542	2	78	0	-0.6%	-7.3%	0.0%	2.5%	-2.6%	0.8%
1/31/07	3,572.74	0.4340%	1438.24	1523.30	-3.4%	1.41%	0.78%	3573	1439	1523		1.4%	0.8%	-3.4%			3698	1518	1523	1	77	0	-3.4%	-5.2%	0.0%	-3.8%	1.0%	0.3%
12/31/06	3,698.29	0.4221%	1418.30	1511.51	3.0%	1.26%	0.94%	3698	1419	1512	3.0%	1.3%	0.9%				3698	1518	1512	0	76	0	0.0%	-6.5%	0.0%	2.6%	0.8%	0.5%
11/30/06	3,589.38	0.4167%	1400.63	1497.43	6.9%	1.65%	1.92%	3589	1401	1497	6.9%	1.7%	1.9%				3589	1518	1497	0	75	0	0.0%	-7.7%	0.0%	6.5%	1.2%	1.5%
10/31/06	3,357.36	0.4289%	1377.94	1469.22	4.7%	3.15%	2.65%	3357	1379	1469	4.7%	3.2%	2.7%				3559	1518	1469	5	74	0	-5.7%	-9.2%	0.0%	4.3%	2.7%	2.2%
9/30/06	3,207.05	0.4052%	1335.85	1431.29	-1.1%	2.46%	-0.17%	3207	1336	1431		2.5%		-1.1%		-0.2%	3559	1518	1464	4	73	5	-9.9%	-12.0%	-2.3%	-1.5%	2.1%	-0.6%
8/31/06	3,242.61	0.4323%	1303.82	1433.73	-6.3%	2.13%	-0.84%	3243	1304	1434		2.1%		-6.3%		-0.8%	3559	1518	1464	3	72	4	-8.9%	-14.1%	-2.1%	-6.7%	1.7%	-1.3%
7/31/06	3,458.89	0.4315%	1276.66	1445.88	0.2%	0.51%	-0.18%	3459	1277	1446	0.2%	0.5%				-0.2%	3559	1518	1464	2	71	3	-2.8%	-15.9%	-1.3%	-0.2%	0.1%	-0.6%
6/30/06	3,451.06	0.4044%	1270.20	1448.48	-3.0%	0.01%	-0.85%	3451	1271	1448		0.0%		-3.0%		-0.9%	3559	1518	1464	1	70	2	-3.0%	-16.3%	-1.1%	-3.4%	-0.4%	-1.3%
5/31/06	3,559.09	0.4111%	1270.09	1460.90	0.7%	-3.09%	-0.23%	3559	1271	1461	0.7%				-3.1%	-0.2%	3559	1518	1464	0	69	1	0.0%	-16.3%	-0.2%	0.2%	-3.5%	-0.6%
4/30/06	3,536.02	0.3879%	1310.61	1464.27	-0.1%	1.22%	0.99%	3536	1311	1464		1.2%	1.0%	-0.1%			3538	1518	1464	1	68	0	-0.1%	-13.6%	0.0%	-0.4%	0.8%	0.6%
3/31/06	3,537.95	0.3932%	1294.83	1449.91	3.5%	1.11%	1.31%	3538	1295	1450	3.5%	1.1%	1.3%				3538	1518	1450	0	67	0	0.0%	-14.7%	0.0%	3.1%	0.7%	0.9%
2/28/06	3,418.12	0.3483%	1280.66	1431.17	1.0%	0.05%	0.69%	3418	1281	1431	1.0%	0.1%	0.7%				3418	1518	1431	0	66	0	0.0%	-15.6%	0.0%	0.7%	-0.3%	0.3%
1/31/06	3,384.26	0.3686%	1280.08	1421.36	3.3%	2.55%	1.20%	3384	1280	1421	3.3%	2.6%	1.2%				3384	1518	1421	0	65	0	0.0%	-15.7%	0.0%	2.9%	2.2%	0.8%
12/31/05	3,277.39	0.3372%	1248.29	1404.51	0.0%	-0.09%	1.39%	3277	1249	1405	0.0%		1.4%		-0.1%		3277	1518	1405	0	64	0	0.0%	-17.8%	0.0%	-0.3%	-0.4%	1.1%
11/30/05	3,276.22	0.3263%	1249.48	1385.25	0.9%	3.52%	0.45%	3276	1250	1385	0.9%	3.5%	0.4%				3276	1518	1385	0	63	0	0.0%	-17.7%	0.0%	0.6%	3.2%	0.1%
10/31/05	3,246.66	0.3219%	1207.01	1379.04	1.0%	-1.77%	-0.14%	3247	1207	1379	1.0%