All Cap Program History

The All Cap program is a portfolio of mechanically generated high quality stocks designed to outperform the S&P 1500 on a total return basis while minimizing volatility. The portfolio is rebalanced monthly and is equally-weighted across all major sectors. A total of 34 stocks are held at any given time. Importantly, only companies classified as a Strong Buy in our ranking system can be considered for investment.

*Note:

Prior to June 07, the portfolio was rebalanced quartely not monthly, and could hold up to 104 stocks.

All Buy and Sell Prices along with holding period returns are based on split and dividend-adjusted data.

Company Name

Ticker

Buy Date

Buy
Price

Sell Date

Sell
Price

Central Vermont Public Service

2009-01-02

24.22

-4.83%

Sealed Air Corp.

SEE

2009-01-02

15.25

2.95%

Magellan Midstream Holdings, L

MGG

2009-01-02

14.70

9.93%

Healthcare Services Group, Inc

HCSG

2009-01-02

15.89

-1.83%

NOVA Chemicals Corporation (US

NCX

2009-01-02

5.18

17.57%

Federal-Mogul Corporation

FDML

2009-01-02

5.27

-1.52%

Pioneer Southwest Energy Partn

PSE

2009-01-02

14.30

0.21%

Anthracite Capital Inc.

AHR

2009-01-02

2.49

-2.01%

School Specialty, Inc.

SCHS

2009-01-02

19.78

0.51%

F.N.B. Corporation

FNB

2008-12-01

9.75

32.82%

Brocade Communications Systems

BRCD

2008-12-01

3.14

12.42%

Knight Transportation

KNX

2008-12-01

14.20

10.42%

El Paso Electric Company

2008-12-01

17.08

6.79%

Apogee Enterprises, Inc.

APOG

2008-12-01

6.10

94.43%

Central Pacific Financial Corp

CPF

2008-12-01

10.26

-12.96%

Saia Inc.

SAIA

2008-12-01

8.47

43.21%

TreeHouse Foods Inc.

THS

2008-12-01

21.65

25.59%

Polaris Industries Inc.

PII

2008-12-01

26.13

24.53%

Exelon Corporation

EXC

2008-12-01

51.27

12%

Baxter International Inc.

BAX

2008-12-01

51.23

5.33%

Altria Group, Inc.

2008-12-01

14.94

1.41%

Raytheon Company

RTN

2008-11-03

49.40

4.84%

Leggett & Platt, Inc.

LEG

2008-11-03

16.99

-11.18%

UnitedHealth Group Inc.

UNH

2008-11-03

23.49

12.81%

Comcast Corporation

CMCSA

2008-11-03

17.03

1.17%

Matthews International Corpora

MATW

2008-11-03

44.99

-19.23%

Orbital Sciences Corp.

ORB

2008-11-03

20.11

-3.63%

Alliance Imaging, Inc.

AIQ

2008-11-03

8.18

0.86%

CSX Corporation

CSX

2008-10-01

52.74

-30.43%

Interactive Data Corp.

IDC

2008-10-01

23.69

7.18%

Cameron International Corporat

CAM

2008-09-02

44.38

-42.7%

PSS World Medical, Inc.

PSSI

2008-09-02

18.52

-0.43%

Ennis, Inc.

EBF

2008-08-01

16.07

-24.02%

Honeywell International Inc.

HON

2008-01-02

58.41

-38.3%

Company Name

Ticker

Buy Date

Buy
Price

Sell Date

Sell
Price

Crosstex Energy, Inc.

XTXI

2008-12-01

3.27

2009-01-02

3.89

18.96%

Tanger Factory Outlet Centers

SKT

2008-12-01

31.18

2009-01-02

36.68

17.64%

Oxford Industries, Inc.

OXM

2008-12-01

5.47

2009-01-02

9.07

65.81%

Energy Partners, Ltd.

EPL

2008-12-01

2.76

2009-01-02

1.72

-37.68%

Air Products & Chemicals, Inc.

APD

2008-11-03

56.94

2009-01-02

53.06

-6.81%

Newpark Resources, Inc.

2008-11-03

5.4

2009-01-02

3.93

-27.22%

Epicor Software Corporation

EPIC

2008-09-02

8.48

2009-01-02

4.8

-43.4%

McClatchy Company, The

MNI

2008-09-02

3.18

2009-01-02

1.09

-65.72%

A. Schulman, Inc.

SHLM

2008-09-02

23.84

2009-01-02

17.13

-28.15%

Emergency Medical Services Cor

EMS

2008-11-03

33.12

2008-12-01

32.96

-0.48%

Ecolab Inc.

ECL

2008-11-03

37.38

2008-12-01

34.57

-7.52%

HNI Corporation

HNI

2008-11-03

17.82

2008-12-01

11.66

-34.57%

United Natural Foods, Inc.

UNFI

2008-11-03

21.72

2008-12-01

16.6

-23.57%

ArvinMeritor, Inc.

ARM

2008-11-03

5.54

2008-12-01

3.2

-42.24%

Chesapeake Utilities

CPK

2008-11-03

30.85

2008-12-01

27.47

-10.96%

VAALCO Energy, Inc.

EGY

2008-10-01

6.62

2008-12-01

6.84

3.32%

Greenbrier Companies, The

GBX

2008-09-02

18.95

2008-12-01

6.05

-68.07%

Laclede Group, Inc., The

2008-09-02

44.3

2008-12-01

47.87

8.06%

Dress Barn, Inc., The

DBRN

2008-09-02

16.72

2008-12-01

7.06

-57.78%

BGC Partners, Inc.

BGCP

2008-09-02

6.16

2008-12-01

3.13

-49.19%

First Commonwealth Financial

FCF

2008-09-02

11.36

2008-12-01

9.79

-13.82%

UGI Corporation

UGI

2008-09-02

27.38

2008-12-01

22.0

-19.65%

Henry Schein, Inc.

HSIC

2008-09-02

58.92

2008-12-01

33.3

-43.48%

Gibraltar Industries, Inc.

ROCK

2008-08-01

15.31

2008-12-01

10.47

-31.61%

Informatica Corporation

INFA

2008-04-01

17.46

2008-12-01

12.75

-26.98%

SJW Corp.

SJW

2008-10-01

29.13

2008-11-03

28.6

-1.82%

Sunoco Logistics Partners L.P.

SXL

2008-10-01

44.0

2008-11-03

47.03

6.89%

Torchmark Corporation

TMK

2008-10-01

58.44

2008-11-03

42.05

-28.05%

International Flavors & Fragra

IFF

2008-10-01

39.03

2008-11-03

32.41

-16.96%

American Oriental Bioengineeri

AOB

2008-09-02

8.25

2008-11-03

6.24

-24.36%

Rush Enterprises, Inc.

RUSHA

2008-09-02

13.0

2008-11-03

9.42

-27.54%

Warnaco Group, Inc., The

WRC

2008-09-02

52.55

2008-11-03

27.99

-46.74%

Gartner, Inc.

2008-09-02

26.72

2008-11-03

19.1

-28.52%

REGAL-BELOIT CORPORATION

RBC

2008-09-02

46.7

2008-11-03

32.98

-29.38%

Tupperware Brands Corporation

TUP

2008-09-02

34.03

2008-11-03

24.27

-28.68%

Aircastle Limited

AYR

2008-09-02

12.83

2008-11-03

6.8

-47%

Wolverine World Wide, Inc.

WWW

2008-08-01

26.56

2008-11-03

22.14

-16.64%

Actuant Corporation

ATU

2008-06-02

36.41

2008-11-03

18.17

-50.1%

Procter & Gamble Company, The

2008-05-01

66.19

2008-11-03

64.4

-2.7%

3M Company

MMM

2008-02-01

79.62

2008-11-03

64.11

-19.48%

EnergySouth, Inc.

ENSI

2008-09-02

61.1

2008-10-01

61.5

0.65%

Newpark Resources, Inc.

2008-09-02

8.1

2008-10-01

7.01

-13.46%

Progressive Corporation, The

PGR

2008-08-01

20.2

2008-10-01

17.38

-13.96%

Bolt Technology Corp.

BOLT

2008-07-01

22.28

2008-10-01

13.99

-37.21%

Microsoft Corporation

MSFT

2008-06-02

27.69

2008-10-01

26.48

-4.37%

Parker-Hannifin Corporation

2008-05-01

80.73

2008-10-01

51.09

-36.71%

Expeditors International of Wa

EXPD

2008-05-01

48.23

2008-10-01

35.8

-25.77%

Cardinal Health, Inc.

CAH

2008-08-01

53.38

2008-09-02

55.57

4.1%

SkyWest, Inc.

SKYW

2008-08-01

15.67

2008-09-02

17.56

12.06%

Brightpoint, Inc.

CELL

2008-08-01

6.95

2008-09-02

8.48

22.01%

V.F. Corporation

VFC

2008-08-01

70.99

2008-09-02

79.79

12.4%

Furniture Brands International

FBN

2008-08-01

11.76

2008-09-02

9.18

-21.94%

Genesco Inc.

GCO

2008-07-01

30.28

2008-09-02

37.02

22.26%

Automatic Data Processing

ADP

2008-07-01

42.63

2008-09-02

45.13

5.86%

Black Hills Corporation

BKH

2008-07-01

32.03

2008-09-02

33.42

4.34%

Transocean Inc.

RIG

2008-06-02

148.59

2008-09-02

124.16

-16.44%

CH Energy Group, Inc.

CHG

2008-06-02

37.31

2008-09-02

39.85

6.81%

Omega Navigation Enterprises,

ONAV

2008-06-02

19.88

2008-09-02

15.33

-22.89%

Innospec Inc.

IOSP

2008-06-02

24.62

2008-09-02

15.31

-37.81%

Inland Real Estate Corporation

IRC

2008-06-02

15.39

2008-09-02

14.93

-2.99%

Grey Wolf, Inc.

2008-06-02

7.92

2008-09-02

8.42

6.31%

Investors Bancorp, Inc.

ISBC

2008-05-01

14.98

2008-09-02

14.6

-2.54%

Robbins & Myers, Inc.

RBN

2008-05-01

40.89

2008-09-02

43.19

5.62%

Del Monte Foods Company

DLM

2008-05-01

9.25

2008-09-02

8.45

-8.65%

Owens & Minor, Inc.

OMI

2008-05-01

45.82

2008-09-02

46.02

0.44%

CompuCredit Corporation

CCRT

2008-04-01

8.75

2008-09-02

5.17

-40.91%

Par Pharmaceutical Companies,

PRX

2008-04-01

17.91

2008-09-02

14.4

-19.6%

FPL Group, Inc.

FPL

2008-04-01

63.98

2008-09-02

59.0

-7.78%

Gentex Corporation

GNTX

2008-07-01

14.36

2008-08-01

15.19

5.78%

Heartland Express, Inc.

HTLD

2008-07-01

14.83

2008-08-01

16.74

12.88%

C.R. Bard, Inc.

BCR

2008-06-02

90.95

2008-08-01

92.07

1.23%

Tecumseh Products Company

TECUA

2008-06-02

36.27

2008-08-01

31.42

-13.37%

Genuine Parts Company

GPC

2008-05-01

43.35

2008-08-01

39.94

-7.87%

SMART Modular Technologies (WW

SMOD

2008-05-01

6.12

2008-08-01

3.84

-37.25%

Torchmark Corporation

TMK

2008-02-01

61.84

2008-08-01

57.96

-6.27%

Helen of Troy Limited

HELE

2008-02-01

17.37

2008-08-01

20.58

18.48%

Alliance One International, In

AOI

2008-01-02

3.92

2008-08-01

4.48

14.29%

UTStarcom, Inc.

UTSI

2008-06-02

4.86

2008-07-01

5.59

15.02%

Paychex, Inc.

PAYX

2008-06-02

33.79

2008-07-01

31.75

-6.04%

North American Energy Partners

NOA

2008-05-01

15.84

2008-07-01

20.71

30.74%

CLARCOR Inc.

CLC

2008-05-01

41.32

2008-07-01

35.21

-14.79%

UTi Worldwide Inc.

UTIW

2008-05-01

22.41

2008-07-01

19.55

-12.76%

South Jersey Industries

SJI

2008-04-01

35.48

2008-07-01

37.32

5.19%

Central Vermont Public Service

2008-05-01

23.59

2008-06-02

20.28

-14.03%

ION Geophysical Corporation

2008-05-01

15.8

2008-06-02

16.15

2.22%

Barnes Group Inc.

2008-05-01

26.31

2008-06-02

30.9

17.45%

Air T Inc

AIRT

2008-05-01

9.48

2008-06-02

9.04

-4.64%

R.H. Donnelley Corporation

RHD

2008-04-01

5.46

2008-06-02

5.35

-2.01%

Advisory Board Company, The

ABCO

2008-04-01

54.78

2008-06-02

45.78

-16.43%

Cameron International Corporat

CAM

2008-03-03

42.2

2008-06-02

52.91

25.38%

A.M. Castle & Co.

CAS

2008-03-03

22.82

2008-06-02

32.03

40.36%

Allied Waste Industries, Inc.

2008-03-03

10.5

2008-06-02

13.35

27.14%

Henry Schein, Inc.

HSIC

2008-01-02

59.27

2008-06-02

54.5

-8.05%

Autodesk, Inc.

ADSK

2007-10-01

49.82

2008-06-02

40.42

-18.87%

Comfort Systems USA, Inc.

FIX

2007-09-04

14.86

2008-06-02

13.03

-12.31%

GSI Commerce, Inc.

GSIC

2008-04-01

13.62

2008-05-01

14.17

4.04%

Wabtec Corporation

WAB

2008-04-01

39.05

2008-05-01

43.28

10.83%

Global Industries, Ltd.

GLBL

2008-04-01

16.18

2008-05-01

15.86

-1.98%

Heartland Express, Inc.

HTLD

2008-04-01

14.83

2008-05-01

16.16

8.97%

Chesapeake Utilities

CPK

2008-04-01

30.43

2008-05-01

29.35

-3.55%

Canadian National Railway (USA

CNI

2008-04-01

49.66

2008-05-01

52.98

6.69%

Matthews International Corpora

MATW

2008-04-01

50.0

2008-05-01

50.77

1.54%

Lufkin Industries, Inc.

LUFK

2008-04-01

64.78

2008-05-01

74.34

14.76%

Wolverine World Wide, Inc.

WWW

2008-04-01

30.27

2008-05-01

29.5

-2.54%

Blyth, Inc.

BTH

2008-04-01

19.81

2008-05-01

17.47

-11.81%

Northwest Bancorp, Inc.

NWSB

2008-04-01

27.67

2008-05-01

26.15

-5.49%

Meridian Bioscience, Inc.

VIVO

2008-04-01

33.91

2008-05-01

27.23

-19.7%

Coach, Inc.

COH

2008-03-03

30.76

2008-05-01

36.04

17.17%

RPM International Inc.

RPM

2008-03-03

21.0

2008-05-01

22.58

7.52%

Sunoco Logistics Partners L.P.

SXL

2008-03-03

53.6

2008-05-01

51.38

-4.14%

Pepsi Bottling Group, Inc., Th

PBG

2007-11-01

42.33

2008-05-01

33.89

-19.94%

Graco Inc.

GGG

2008-03-03

34.91

2008-04-01

37.41

7.16%

Consolidated Water Co. Ltd.

CWCO

2008-03-03

20.58

2008-04-01

23.15

12.49%

Investors Bancorp, Inc.

ISBC

2008-03-03

14.33

2008-04-01

15.75

9.91%

Credence Systems Corp.

CMOS

2008-03-03

1.35

2008-04-01

1.78

31.85%

Southwest Airlines Co.

LUV

2008-03-03

12.23

2008-04-01

12.75

4.25%

Six Flags, Inc.

SIX

2008-02-01

1.99

2008-04-01

1.81

-9.05%

Centerline Holding Company

CHC

2008-02-01

6.13

2008-04-01

4.21

-31.32%

Emergency Medical Services Cor

EMS

2008-02-01

30.85

2008-04-01

24.86

-19.42%

Casey's General Stores, Inc.

CASY

2008-02-01

26.52

2008-04-01

23.3

-12.14%

Sunrise Senior Living, Inc.

SRZ

2008-02-01

28.72

2008-04-01

23.0

-19.92%

Sensient Technologies Corporat

SXT

2008-02-01

27.02

2008-04-01

30.89

14.32%

El Paso Electric Company

2008-01-02

24.7

2008-04-01

22.03

-10.81%

Herman Miller, Inc.

MLHR

2008-01-02

32.12

2008-04-01

24.61

-23.38%

Pacer International, Inc.

PACR

2008-01-02

14.36

2008-04-01

17.49

21.8%

Public Service Enterprise Grou

PEG

2007-12-03

48.14

2008-04-01

41.43

-13.94%

VIVUS, Inc.

VVUS

2007-12-03

5.64

2008-04-01

6.17

9.4%

Blackbaud, Inc.

BLKB

2007-11-01

27.4

2008-04-01

25.48

-7.01%

Newpark Resources, Inc.

2007-09-04

5.8

2008-04-01

5.1

-12.07%

Flowers Foods, Inc.

FLO

2007-06-01

23.01

2008-04-01

24.59

6.87%

NewAlliance Bancshares, Inc.

NAL

2008-02-01

12.5

2008-03-03

11.44

-8.48%

Landstar System, Inc.

LSTR

2008-02-01

46.83

2008-03-03

47.09

0.56%

Universal Forest Products, Inc

UFPI

2008-02-01

37.35

2008-03-03

28.16

-24.61%

Oceaneering International

OII

2008-02-01

60.36

2008-03-03

60.76

0.66%

Intevac, Inc.

IVAC

2008-02-01

11.44

2008-03-03

11.84

3.5%

Covanta Holding Corporation

CVA

2008-01-02

27.46

2008-03-03

29.11

6.01%

Nordson Corporation

NDSN

2008-01-02

55.61

2008-03-03

52.05

-6.4%

Cal Dive International, Inc.

DVR

2007-12-03

12.78

2008-03-03

9.94

-22.22%

Rayonier Inc.

RYN

2007-12-03

45.5

2008-03-03

43.4

-4.62%

Central Vermont Public Service

2007-12-03

26.41

2008-03-03

24.38

-7.69%

Genuine Parts Company

GPC

2007-06-01

49.77

2008-03-03

41.47

-16.68%

Landstar System, Inc.

LSTR

2008-01-02

41.45

2008-02-01

46.87

13.08%

Meridian Bioscience, Inc.

VIVO

2008-01-02

29.68

2008-02-01

32.56

9.7%

FBL Financial Group

FFG

2008-01-02

33.89

2008-02-01

33.53

-1.06%

Fremont General Corporation

FMT

2007-12-03

2.32

2008-02-01

3.64

56.9%

School Specialty, Inc.

SCHS

2007-12-03

35.46

2008-02-01

33.47

-5.61%

Rollins, Inc.

ROL

2007-12-03

19.31

2008-02-01

18.62

-3.57%

General Electric Company

2007-12-03

36.62

2008-02-01

36.16

-1.26%

J.B. Hunt Transport Services,

JBHT

2007-12-03

25.87

2008-02-01

30.9

19.44%

Schnitzer Steel Industries, In

SCHN

2007-12-03

62.07

2008-02-01

58.0

-6.56%

Principal Financial Group, Inc

PFG

2007-11-01

65.22

2008-02-01

61.21

-6.15%

Alaska Communications Systems

ALSK

2007-11-01

15.05

2008-02-01

14.0

-6.98%

Amerigon Incorporated