ETF Research

1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years

NAV Return Within Category

Highest Premium Moderate Premium Par Moderate Discount Highest Discount

1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years

Premium/Discount

Index Correlation

Correlated Index

Correlation Time Period

Correlation Range

-1 to -.25 -.25 to .25 .25 to 1

Category Correlation

Correlated Category

Correlation Time Period

Correlation Range

-1 to -.25 -.25 to .25 .25 to 1

Cumulative Matches--

Risk

3-Year Alpha

< -3%-3 to -.5%-.5 to .5%.5 to 3%> 3%

3-Year Beta vs. Benchmark

Less volatile than (-0.75 - 0.75)As volatile as (0.75 - 1.25)More volatile than (> 1.25, < -0.75)

3-Year Sharpe Ratio

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

3-Year R-Squared

0 - 20 20 - 40 40 - 60 60 - 80 80 - 100

Standard Deviation

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Tracking Error (Price 1 Year)

Tracking Error (Price 3 Year)

Tracking Error (NAV 1 Year)

Tracking Error (NAV 3 Year)

Cumulative Matches--

Portfolio

Regional Exposure

Region

Percent Invested

Country Exposure

Country

Percent Invested

Sector Exposure

Type

Sector

Percent Invested

Industry Exposure

Type

Industry

Percent Invested

< $10M $10M - $100M $100M - $500M $500M - $1B $1B - $2B > $2B

Total Net Assets

Portfolio Concentration

Include Exclude

ETFs with greater than % in any security

Yield

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Ex-Dividend Date

Between (mm/dd/yyyy) and (mm/dd/yyyy)

Dividend Payable Date

Between (mm/dd/yyyy) and (mm/dd/yyyy)

Dividend Record Date

Between (mm/dd/yyyy) and (mm/dd/yyyy)

Dividend 12-Month Totals

Between $ and $

Dividend Frequency

Regularly scheduled dividends paid Monthly Quarterly Semi-Annually Annually

P/E Ratio

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

P/B Ratio

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

P/S Ratio

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

P/C Ratio

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

SEC 30 Day Yield

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Sales Growth

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Cash Flow Growth

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Book Value Growth

Bottom 20%Below Mid 20%Middle 20%Above Mid 20%Top 20%

Smart Beta

Cumulative Matches--

Technicals

Moving Averages

Price Moving Below Price Moving Abovea

Moving Average Crosses

Bearish Signal Bullish Signala

Price Distance Relative to Moving Average

Price Above Price Far Above Price Below Price Far Belowits

Bollinger Bands®

Price Above Upper Band Price Below Lower BandPeriod: 20 Standard Deviations: 2

Bollinger Bands® Bandwidth

Squeeze Tighter Than Usual More Volatile Than Usual

Moving Average Convergence Divergence (MACD)

Above Signal Line Below Signal LineFast: 12 Slow: 26 Smoothing: 9

Relative Strength Index (RSI)

Overbought OversoldPeriod: 14

Momentum

Bullish Cross Bearish CrossPeriod: 20 Standard Deviations: 2

Volume (End of Day)

Volume (10 Day average)

Volume (30 Day average)

Volume (90 Day average)

Below Average Average Above Average

Volume (15 Days vs. 50 Days)

10 day average volume X% above their 90 day avg.

25 - 50%50 - 75%75 - 100%100 - 150%150 - 200%

DMI

Bullish Signal Bearish SignalPeriod: 14

% Change in Short Interest (from previous month)