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	Willis Enhanced	90 Day	Cash	Barclay Systematic	S&P500
Last day of month:	VAMI Value	T-Bill Return	S&P 500 Price	VAMI Value	Returns
7/31/10	1,774.17	0.0132%	1101.60	1,740	6.88%
				When macro is finish, the cursor will appear here:
Calculations
Name:	Willis Enhanced		S&P500	Barclay Systematic Index
Trailing 12 months:	2.54%		11.56%	-0.91%
Start to Date:	77.4%		-7.5%	31.4%
Winning months:	43		38	32
Losing months:	19		24	30
% of profitable months:	69%		61%	52%
Average Winning months:	1.89%		2.81%	1.95%
Average Losing months:	-1.17%		-4.61%	-1.13%
Max peak-to-valley (%):	-6.11%		-52.56%	-5.95%
Max peak-to-valley (months):	18		33	19
Annual Sharpe Ratio:	1.21		-0.20	0.43
Standard Deviation of returns:	2.12%		4.81%	1.95%
Downside Deviation:	0.78%		4.17%	0.91%
Correlation with S&P500	-0.072		1.000	-0.119
Correlation with Barclay	0.318		-0.119	1.000
Program Start Date	Jun-05
Start Value	1,000.00	0.2463%	1191.50	1,325.73
Trailing 12 months:	1,730.24	0.0153%	987.48	1,757.76
	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	Willis Enhanced	90-Day T-Bill	S&P500	Barclay Systematic	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
7/31/10	1,774.17	0.0132%	1101.60	1,741.80	-0.37%	6.88%	0.18%	1774	1064	1742		6.9%	0.2%	-0.4%			1781	1549	1828	1	33	19	-0.4%	-28.9%	-4.7%	-0.4%	6.9%	0.2%
6/30/10	1,780.75	0.0099%	1030.71	1,738.67	0.65%	-5.39%	-0.05%	1781	995	1739	0.6%				-5.4%	-0.0%	1781	1549	1828	0	32	18	0.0%	-33.5%	-4.9%	0.6%	-5.4%	-0.1%
5/31/10	1,769.30	0.0136%	1089.41	1,739.54	0.83%	-8.20%	-0.78%	1769	1052	1740	0.8%				-8.2%	-0.8%	1781	1549	1828	18	31	17	-0.6%	-29.7%	-4.8%	0.8%	-8.2%	-0.8%
4/30/10	1,754.81	0.0132%	1186.69	1,753.22	0.54%	1.48%	0.42%	1755	1146	1753	0.5%	1.5%	0.4%				1781	1549	1828	17	30	16	-1.5%	-23.4%	-4.1%	0.5%	1.5%	0.4%
3/31/10	1,745.44	0.0127%	1169.43	1,745.89	-0.22%	5.88%	1.56%	1745	1129	1746		5.9%	1.6%	-0.2%			1781	1549	1828	16	29	15	-2.0%	-24.5%	-4.5%	-0.2%	5.9%	1.5%
2/28/10	1,749.25	0.0084%	1104.49	1,719.07	0.56%	2.85%	-0.09%	1749	1067	1719	0.6%	2.9%				-0.1%	1781	1549	1828	15	28	14	-1.8%	-28.7%	-5.9%	0.5%	2.8%	-0.1%
1/31/10	1,739.57	0.0051%	1073.87	1,720.62	0.61%	-3.70%	-2.63%	1740	1037	1721	0.6%				-3.7%	-2.6%	1781	1549	1828	14	27	13	-2.3%	-30.7%	-5.9%	0.6%	-3.7%	-2.6%
12/31/09	1,728.95	0.0042%	1115.10	1,767.09	-1.18%	1.78%	-2.26%	1729	1077	1767		1.8%		-1.2%		-2.3%	1781	1549	1828	13	26	12	-2.9%	-28.0%	-3.3%	-1.2%	1.8%	-2.3%
11/30/09	1,749.62	0.0042%	1095.63	1,807.95	1.62%	5.74%	2.73%	1750	1058	1808	1.6%	5.7%	2.7%				1781	1549	1828	12	25	11	-1.7%	-29.3%	-1.1%	1.6%	5.7%	2.7%
10/31/09	1,721.76	0.0059%	1036.19	1,759.91	-0.11%	-1.98%	-1.49%	1722	1001	1760				-0.1%	-2.0%	-1.5%	1781	1549	1828	11	24	10	-3.3%	-33.1%	-3.7%	-0.1%	-2.0%	-1.5%
9/30/09	1,723.60	0.0099%	1057.08	1,786.53	-0.97%	3.57%	0.89%	1724	1021	1787		3.6%	0.9%	-1.0%			1781	1549	1828	10	23	9	-3.2%	-31.8%	-2.3%	-1.0%	3.6%	0.9%
8/31/09	1,740.43	0.0144%	1020.62	1,770.77	0.59%	3.36%	0.74%	1740	986	1771	0.6%	3.4%	0.7%				1781	1549	1828	9	22	8	-2.3%	-34.1%	-3.1%	0.6%	3.3%	0.7%
7/31/09	1,730.24	0.0153%	987.48	1,757.76	0.10%	0.07%	-0.41%	1730	954	1758	0.1%	0.1%				-0.4%	1781	1549	1828	8	21	7	-2.8%	-36.3%	-3.8%	0.1%	0.1%	-0.4%
6/30/09	1,728.55	0.0148%	919.32	1,765.00	-0.46%	0.02%	-1.39%	1729	953	1765		0.0%		-0.5%		-1.4%	1781	1549	1828	7	20	6	-2.9%	-40.7%	-3.4%	-0.5%	0.0%	-1.4%
5/31/09	1,736.62	0.0153%	919.14	1,789.87	1.16%	5.31%	2.11%	1737	953	1790	1.2%	5.3%	2.1%				1781	1549	1828	6	19	5	-2.5%	-40.7%	-2.1%	1.1%	5.3%	2.1%
4/30/09	1,716.72	0.0132%	872.81	1,752.89	-1.37%	9.39%	-1.39%	1717	905	1753		9.4%		-1.4%		-1.4%	1781	1549	1828	5	18	4	-3.6%	-43.7%	-4.1%	-1.4%	9.4%	-1.4%
3/31/09	1,740.52	0.0187%	797.87	1,777.60	-1.94%	8.54%	-2.03%	1741	827	1778		8.5%		-1.9%		-2.0%	1781	1549	1828	4	17	3	-2.3%	-48.5%	-2.7%	-2.0%	8.5%	-2.0%
2/28/09	1,774.87	0.0230%	735.09	1,814.43	0.12%	-10.99%	-0.23%	1775	762	1814	0.1%				-11.0%	-0.2%	1781	1549	1828	3	16	2	-0.3%	-52.6%	-0.7%	0.1%	-11.0%	-0.3%
1/31/09	1,772.66	0.0110%	825.88	1,818.61	0.84%	-8.57%	-0.50%	1773	856	1819	0.8%				-8.6%	-0.5%	1781	1549	1828	2	15	1	-0.5%	-46.7%	-0.5%	0.8%	-8.6%	-0.5%
12/31/08	1,757.86	0.0025%	903.25	1,827.75	-1.28%	0.78%	1.64%	1758	936	1828		0.8%	1.6%	-1.3%			1781	1549	1828	1	14	0	-1.3%	-41.7%	0.0%	-1.3%	0.8%	1.6%
11/30/08	1,780.73	0.0156%	896.24	1,798.26	0.16%	-7.49%	2.06%	1781	929	1798	0.2%		2.1%		-7.5%		1781	1549	1798	0	13	0	0.0%	-42.2%	0.0%	0.1%	-7.5%	2.0%
10/31/08	1,777.89	0.0584%	968.75	1,761.96	0.76%	-16.94%	4.56%	1778	1004	1762	0.8%		4.6%		-16.9%		1778	1549	1762	0	12	0	0.0%	-37.5%	0.0%	0.7%	-17.0%	4.5%
9/30/08	1,764.47	0.0943%	1166.36	1,685.12	2.14%	-9.08%	1.71%	1764	1209	1685	2.1%		1.7%		-9.1%		1764	1549	1716	0	11	3	0.0%	-24.7%	-1.8%	2.0%	-9.2%	1.6%
8/31/08	1,727.52	0.1482%	1282.83	1,656.79	2.29%	1.22%	-0.01%	1728	1330	1657	2.3%	1.2%				-0.0%	1728	1549	1716	0	10	2	0.0%	-17.2%	-3.5%	2.1%	1.1%	-0.2%
7/31/08	1,688.83	0.1406%	1267.38	1,656.96	0.58%	-0.99%	-3.46%	1689	1314	1657	0.6%				-1.0%	-3.5%	1689	1549	1716	0	9	1	0.0%	-18.2%	-3.5%	0.4%	-1.1%	-3.6%
6/30/08	1,679.09	0.1549%	1280.00	1,716.34	2.37%	-8.60%	2.27%	1679	1327	1716	2.4%		2.3%		-8.6%		1679	1549	1716	0	8	0	0.0%	-17.4%	0.0%	2.2%	-8.8%	2.1%
5/31/08	1,640.21	0.1491%	1400.37	1,678.25	0.85%	4.75%	1.32%	1640	1452	1678	0.8%	4.8%	1.3%				1640	1549	1691	0	7	3	0.0%	-9.6%	-0.7%	0.7%	4.6%	1.2%
4/30/08	1,626.46	0.1074%	1385.58	1,656.38	0.93%	4.75%	-0.87%	1626	1386	1656	0.9%	4.8%				-0.9%	1626	1549	1691	0	6	2	0.0%	-10.6%	-2.0%	0.8%	4.6%	-1.0%
3/31/08	1,611.46	0.1084%	1322.70	1,670.92	3.60%	-0.60%	-1.16%	1611	1323	1671	3.6%				-0.6%	-1.2%	1611	1549	1691	0	5	1	0.0%	-14.6%	-1.2%	3.5%	-0.7%	-1.3%
2/29/08	1,555.41	0.1719%	1330.63	1,690.53	6.81%	-3.48%	6.42%	1555	1331	1691	6.8%		6.4%		-3.5%		1555	1549	1691	0	4	0	0.0%	-14.1%	0.0%	6.6%	-3.7%	6.2%
1/31/08	1,456.26	0.2389%	1378.54	1,588.54	-2.97%	-6.12%	2.70%	1456	1379	1589			2.7%	-3.0%	-6.1%		1501	1549	1589	1	3	0	-3.0%	-11.0%	0.0%	-3.2%	-6.4%	2.5%
12/31/07	1,500.88	0.2607%	1468.35	1,546.78	0.34%	-0.86%	1.03%	1501	1469	1547	0.3%		1.0%		-0.9%		1501	1549	1547	0	2	0	0.0%	-5.2%	0.0%	0.1%	-1.1%	0.8%
11/30/07	1,495.86	0.2753%	1481.14	1,531.01	1.89%	-4.40%	0.92%	1496	1482	1531	1.9%		0.9%		-4.4%		1496	1549	1531	0	1	0	0.0%	-4.4%	0.0%	1.6%	-4.7%	0.6%
10/31/07	1,468.17	0.3397%	1549.37	1,517.05	2.36%	1.48%	2.42%	1468	1550	1517	2.4%	1.5%	2.4%				1468	1549	1517	0	0	0	0.0%	0.0%	0.0%	2.0%	1.1%	2.1%
9/30/07	1,434.26	0.3279%	1526.74	1,481.21	4.45%	3.58%	4.50%	1434	1528	1481	4.4%	3.6%	4.5%				1463	1531	1481	10	4	0	-1.9%	-0.3%	0.0%	4.1%	3.3%	4.2%
8/31/07	1,373.22	0.3669%	1473.99	1,417.43	-2.02%	1.29%	-2.11%	1373	1475	1417		1.3%		-2.0%		-2.1%	1463	1531	1465	9	3	16	-6.1%	-3.7%	-3.3%	-2.4%	0.9%	-2.5%
7/31/07	1,401.52	0.4213%	1455.27	1,447.98	-1.38%	-3.20%	-1.14%	1402	1456	1448				-1.4%	-3.2%	-1.1%	1463	1531	1465	8	2	15	-4.2%	-4.9%	-1.2%	-1.8%	-3.6%	-1.6%
6/30/07	1,421.16	0.3896%	1503.35	1,464.68	1.73%	-1.78%	1.78%	1421	1504	1465	1.7%		1.8%		-1.8%		1463	1531	1465	7	1	14	-2.8%	-1.8%	0.0%	1.3%	-2.2%	1.4%
5/31/07	1,397.00	0.4136%	1530.62	1,439.06	0.05%	3.26%	1.43%	1397	1531	1439	0.1%	3.3%	1.4%				1463	1531	1465	6	0	13	-4.5%	0.0%	-1.8%	-0.4%	2.8%	1.0%
4/30/07	1,396.28	0.4118%	1482.37	1,418.77	0.92%	4.33%	2.16%	1396	1483	1419	0.9%	4.3%	2.2%				1463	1482	1465	5	0	12	-4.5%	0.0%	-3.2%	0.5%	3.9%	1.7%
3/31/07	1,383.55	0.4315%	1420.86	1,388.77	-1.21%	1.00%	-1.89%	1384	1421	1389		1.0%		-1.2%		-1.9%	1463	1438	1465	4	2	11	-5.4%	-1.2%	-5.2%	-1.6%	0.6%	-2.3%
2/28/07	1,400.54	0.3958%	1406.82	1,415.53	-2.46%	-2.19%	-1.48%	1401	1407	1416				-2.5%	-2.2%	-1.5%	1463	1438	1465	3	1	10	-4.2%	-2.2%	-3.4%	-2.9%	-2.6%	-1.9%
1/31/07	1,435.84	0.4340%	1438.24	1,436.79	-1.10%	1.41%	1.00%	1436	1439	1437		1.4%	1.0%	-1.1%			1463	1438	1465	2	0	9	-1.8%	0.0%	-1.9%	-1.5%	1.0%	0.6%
12/31/06	1,451.88	0.4221%	1418.30	1,422.57	-0.73%	1.26%	-0.06%	1452	1419	1423		1.3%		-0.7%		-0.1%	1463	1418	1465	1	0	8	-0.7%	0.0%	-2.9%	-1.2%	0.8%	-0.5%
11/30/06	1,462.54	0.4167%	1400.63	1423.42	1.98%	1.65%	2.00%	1463	1401	1423	2.0%	1.7%	2.0%				1463	1401	1465	0	0	7	0.0%	0.0%	-2.8%	1.6%	1.2%	1.6%
10/31/06	1,434.19	0.4289%	1377.94	1395.51	1.38%	3.15%	0.37%	1434	1378	1396	1.4%	3.2%	0.4%				1434	1378	1465	0	0	6	0.0%	0.0%	-4.8%	0.9%	2.7%	-0.1%
9/30/06	1,414.71	0.4052%	1335.85	1390.37	2.64%	2.46%	-0.22%	1415	1336	1390	2.6%	2.5%				-0.2%	1415	1336	1465	0	0	5	0.0%	0.0%	-5.1%	2.2%	2.1%	-0.6%
8/31/06	1,378.27	0.4323%	1303.82	1393.43	4.66%	2.13%	-0.07%	1378	1304	1393	4.7%	2.1%				-0.1%	1378	1311	1465	0	4	4	0.0%	-0.5%	-4.9%	4.2%	1.7%	-0.5%
7/31/06	1,316.85	0.4315%	1276.66	1394.41	-0.92%	0.51%	-2.43%	1317	1277	1394		0.5%		-0.9%		-2.4%	1329	1311	1465	1	3	3	-0.9%	-2.6%	-4.8%	-1.3%	0.1%	-2.9%
6/30/06	1,329.03	0.4044%	1270.20	1429.14	1.88%	0.01%	-1.54%	1329	1271	1429	1.9%	0.0%				-1.5%	1329	1311	1465	0	2	2	0.0%	-3.1%	-2.5%	1.5%	-0.4%	-1.9%
5/31/06	1,304.56	0.4111%	1270.09	1451.49	2.82%	-3.09%	-0.93%	1305	1270	1451	2.8%				-3.1%	-0.9%	1305	1311	1465	0	1	1	0.0%	-3.1%	-0.9%	2.4%	-3.5%	-1.3%
4/30/06	1,268.72	0.3879%	1310.61	1465.12	0.71%	1.22%	4.05%	1269	1311	1465	0.7%	1.2%	4.1%				1278	1311	1465	3	0	0	-0.7%	0.0%	0.0%	0.3%	0.8%	3.7%
3/31/06	1,259.80	0.3932%	1294.83	1408.09	-0.12%	1.11%	1.51%	1260	1295	1408		1.1%	1.5%	-0.1%			1278	1295	1415	2	0	2	-1.4%	0.0%	-0.5%	-0.5%	0.7%	1.1%
2/28/06	1,261.26	0.3483%	1280.66	1387.14	-1.33%	0.05%	-1.94%	1261	1281	1387		0.1%		-1.3%		-1.9%	1278	1281	1415	1	0	1	-1.3%	0.0%	-1.9%	-1.7%	-0.3%	-2.3%
1/31/06	1,278.29	0.3686%	1280.08	1414.59	4.68%	2.55%	1.55%	1278	1280	1415	4.7%	2.6%	1.6%				1278	1280	1415	0	0	0	0.0%	0.0%	0.0%	4.3%	2.2%	1.2%
12/31/05	1,221.12	0.3372%	1248.29	1,392.99	3.92%	-0.09%	-0.82%	1221	1248	1393	3.9%				-0.1%	-0.8%	1221	1249	1405	0	1	1	0.0%	-0.1%	-0.8%	3.6%	-0.4%	-1.2%
11/30/05	1,175.03	0.3263%	1249.48	1,404.54	0.05%	3.52%	3.22%	1175	1250	1405	0.0%	3.5%	3.2%				1175	1249	1405	0	0	0	0.0%	0.0%	0.0%	-0.3%	3.2%	2.9%
10/31/05	1,174.50	0.3219%	1207.01	1,360.72	7.63%	-1.77%	-0.19%	1175	1207	1361	7.6%				-1.8%	-0.2%	1175	1234	1363	0	3	1	0.0%	-2.2%	-0.2%	7.3%	-2.1%	-0.5%
9/30/05	1,091.24	0.2868%	1228.81	1,363.31	4.86%	0.69%	0.37%	1091	1229	1363	4.9%	0.7%	0.4%				1091	1234	1363	0	2	0	0.0%	-0.4%	0.0%	4.6%	0.4%	0.1%
8/31/05	1,040.71	0.2990%	1220.33	1,358.29	0.20%	-1.12%	1.04%	1041	1220	1358	0.2%		1.0%		-1.1%		1041	1234	1358	0	1	0	0.0%	-1.1%	0.0%	-0.1%	-1.4%	0.7%
7/31/05	1,038.65	0.2794%	1234.18	1,344.31	3.10%	3.60%	-0.45%	1039	1234	1344	3.1%	3.6%				-0.4%	1039	1234	1350	0	0	1	0.0%	0.0%	-0.4%	2.8%	3.3%	-0.7%
6/30/05	1,007.39	0.2499%	1191.33	1,350.38	0.74%	-0.01%	1.86%	1007	1191	1350	0.7%		1.9%		-0.0%		1007	1192	1350	0	1	0	0.0%	0.0%	0.0%	0.5%	-0.3%	1.6%
5/31/05	1,000.00	0.2463%	1191.50	1,325.73				1000	1192	1326							1000	1192	1326	0	0	0	0.0%	0.0%	0.0%	-0.2%	-0.2%	-0.2%