Mid Cap Program History

The Mid Cap program is a portfolio of mechanically generated high quality stocks designed to outperform the S&P 400 on a total return basis while minimizing volatility. The portfolio is rebalanced monthly and is equally-weighted across all major sectors. A total of 11 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 37 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

UTi Worldwide Inc.

UTIW

2008-05-01

22.41

-2.32%

Barnes Group Inc.

2008-05-01

26.45

15.12%

Robbins & Myers, Inc.

RBN

2008-05-01

40.92

0.44%

CLARCOR Inc.

CLC

2008-05-01

41.32

-5.23%

Del Monte Foods Company

DLM

2008-05-01

9.30

-0.11%

ION Geophysical Corporation

2008-05-01

15.80

-2.28%

Investors Bancorp, Inc.

ISBC

2008-05-01

14.98

-4.54%

Owens & Minor, Inc.

OMI

2008-05-01

46.01

-0.67%

South Jersey Industries

SJI

2008-04-01

35.73

4.48%

Informatica Corporation

INFA

2008-04-01

17.46

-5.78%

Advisory Board Company, The

ABCO

2008-04-01

54.78

-16.3%

Company Name

Ticker

Buy Date

Buy
Price

Sell Date

Sell
Price

Heartland Express, Inc.

HTLD

2008-04-01

14.83

2008-05-01

16.16

8.97%

Meridian Bioscience, Inc.

VIVO

2008-04-01

33.91

2008-05-01

27.23

-19.7%

Northwest Bancorp, Inc.

NWSB

2008-04-01

27.67

2008-05-01

26.15

-5.49%

Blyth, Inc.

BTH

2008-04-01

19.81

2008-05-01

17.47

-11.81%

Wolverine World Wide, Inc.

WWW

2008-04-01

30.27

2008-05-01

29.5

-2.54%

Lufkin Industries, Inc.

LUFK

2008-04-01

64.78

2008-05-01

74.34

14.76%

Matthews International Corpora

MATW

2008-04-01

50.0

2008-05-01

50.77

1.54%

Sunoco Logistics Partners L.P.

SXL

2008-03-03

53.6

2008-05-01

51.38

-4.14%

Graco Inc.

GGG

2008-03-03

34.91

2008-04-01

37.41

7.16%

Investors Bancorp, Inc.

ISBC

2008-03-03

14.33

2008-04-01

15.75

9.91%

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%

Blackbaud, Inc.

BLKB

2007-11-01

27.4

2008-04-01

25.48

-7.01%

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%

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%

FBL Financial Group

FFG

2008-01-02

33.89

2008-02-01

33.53

-1.06%

Meridian Bioscience, Inc.

VIVO

2008-01-02

29.68

2008-02-01

32.56

9.7%

Landstar System, Inc.

LSTR

2008-01-02

41.45

2008-02-01

46.87

13.08%

Rollins, Inc.

ROL

2007-12-03

19.31

2008-02-01

18.62

-3.57%

Schnitzer Steel Industries, In

SCHN

2007-12-03

62.07

2008-02-01

58.0

-6.56%

Esterline Technologies Corpora

ESL

2007-12-03

51.85

2008-01-02

50.39

-2.82%

Hudson City Bancorp, Inc.

HCBK

2007-12-03

15.27

2008-01-02

14.82

-2.95%

Henry Schein, Inc.

HSIC

2007-12-03

57.43

2008-01-02

59.27

3.2%

NSTAR

NST

2007-12-03

35.09

2008-01-02

35.5

1.17%

UTi Worldwide Inc.

UTIW

2007-11-01

24.42

2008-01-02

19.13

-21.66%

Applied Industrial Technologie

AIT

2007-11-01

33.16

2008-01-02

27.55

-16.92%

World Fuel Services Corporatio

INT

2007-11-01

42.03

2007-12-03

31.94

-24.01%

Matthews International Corpora

MATW

2007-11-01

42.39

2007-12-03

43.28

2.1%

Healthways, Inc.

HWAY

2007-09-04

50.98

2007-12-03

58.38

14.52%

WGL Holdings, Inc.

WGL

2007-09-04

33.01

2007-12-03

32.68

-1%

Actuant Corporation

ATU

2007-08-01

30.37

2007-12-03

30.42

0.16%

Delphi Financial Group, Inc.

DFG

2007-06-01

42.88

2007-12-03

38.17

-10.98%

BJ's Wholesale Club, Inc.

2007-06-01

37.54

2007-12-03

36.52

-2.72%

Buckeye Partners, L.P.

BPL

2007-10-01

48.25

2007-11-01

55.2

14.4%

Kansas City Southern

KSU

2007-10-01

32.69

2007-11-01

37.89

15.91%

AptarGroup, Inc.

ATR

2007-08-01

36.87

2007-11-01

42.82

16.14%

MICROS Systems, Inc.

MCRS

2007-08-01

54.02

2007-11-01

69.02

27.77%

CLARCOR Inc.

CLC

2007-08-01

35.44

2007-11-01

35.67

0.65%

World Fuel Services Corporatio

INT

2007-09-04

39.1

2007-10-01

42.04

7.52%

Hub Group, Inc.

HUBG

2007-08-01

33.71

2007-10-01

29.9

-11.3%

Sunoco Logistics Partners L.P.

SXL

2007-08-01

55.42

2007-09-04

52.72

-4.87%

Immucor, Inc.

BLUD

2007-08-01

31.49

2007-09-04

32.9

4.48%

Vectren Corporation

VVC

2007-06-01

29.12

2007-09-04

27.86

-4.33%

Quanex Corporation

2007-06-01

49.53

2007-08-01

43.29

-12.6%

Ceradyne, Inc.

CRDN

2007-06-01

67.55

2007-08-01

73.5

8.81%

Steelcase Inc.

SCS

2007-06-01

19.48

2007-08-01

16.84

-13.55%

AmeriGas Partners, L.P.

APU

2007-06-01

36.71

2007-08-01

35.6

-3.02%

Steris Corporation

STE

2007-06-01

30.15

2007-08-01

27.59

-8.49%

Interactive Data Corp.

IDC

2007-06-01

28.83

2007-08-01

27.84

-3.43%

UTi Worldwide Inc.

UTIW

2007-06-01

27.78

2007-08-01

24.74

-10.94%

American States Water Company

AWR

2007-05-24

35.25

2007-06-01

35.78

1.5%

Lance, Inc.

LNCE

2007-04-02

19.86

2007-06-01

24.09

21.3%

Elizabeth Arden, Inc.

RDEN

2007-04-02

21.89

2007-06-01

23.95

9.41%

NGAS Resources, Inc.

NGAS

2007-04-02

6.8

2007-06-01

8.35

22.79%

NATCO Group Inc.

NTG

2007-04-02

34.75

2007-06-01

44.6

28.35%

Adams Resources & Energy, Inc.

2007-04-02

38.79

2007-06-01

31.9

-17.76%

Berkshire Hills Bancorp, Inc.

BHLB

2007-04-02

32.84

2007-06-01

32.32

-1.58%

Inter Parfums, Inc.

IPAR

2007-04-02

20.45

2007-06-01

27.58

34.87%

Amerigon Incorporated

ARGN

2007-04-02

12.33

2007-06-01

16.67

35.2%

K2 Inc.

KTO

2007-04-02

12.31

2007-06-01

15.31

24.37%

Hartmarx Corporation

HMX

2007-04-02

7.31

2007-06-01

6.66

-8.89%

Insituform Technologies, Inc.

INSU

2007-04-02

20.18

2007-06-01

21.3

5.55%

Kadant Inc.

KAI

2007-04-02

25.07

2007-06-01

30.8

22.86%

AAON, Inc.

AAON

2007-04-02

17.18

2007-06-01

19.84

15.48%

NuCo2 Inc.

NUCO

2007-04-02

25.28

2007-06-01

25.97

2.73%

NN, Inc.

NNBR

2007-04-02

12.09

2007-06-01

12.5

3.39%

Dearborn Bancorp, Inc.

DEAR

2007-04-02

17.86

2007-06-01

16.58

-7.17%

Nicholas Financial Inc.

NICK

2007-04-02

11.14

2007-06-01

11.1

-0.36%

Consolidated Water Co. Ltd.

CWCO

2007-04-02

23.76

2007-06-01

26.3

10.69%

Cascade Natural Gas Corporatio

CGC

2007-04-02

26.04

2007-06-01

26.37

1.27%

Mesa Air Group, Inc.

MESA

2007-04-02

7.5

2007-06-01

7.0

-6.67%

Premier Exhibitions, Inc.

PRXI

2007-04-02

12.2

2007-06-01

13.56

11.15%

P.A.M. Transportation Services

PTSI

2007-04-02

20.77

2007-06-01

18.64

-10.26%

Fundtech Ltd.

FNDT

2007-04-02

14.16

2007-06-01

15.48

9.32%

Excel Technology, Inc.

XLTC

2007-04-02

27.31

2007-06-01

27.14

-0.62%

CIBER, Inc.

CBR

2007-04-02

7.94

2007-06-01

8.88

11.84%

Harris Interactive Inc.

HPOL

2007-04-02

6.04

2007-06-01

5.54

-8.28%

eResearch Technology, Inc

ERES

2007-04-02

8.15

2007-06-01

9.09

11.53%

Interstate Hotels & Resorts, I

IHR

2007-04-02

5.83

2007-06-01

5.94

1.89%

NovaMed Inc.

NOVA

2007-04-02

6.54

2007-06-01

6.67

1.99%

Hanger Orthopedic Group, Inc.

HGR

2007-04-02

11.81

2007-06-01

11.79

-0.17%

Bradley Pharmaceuticals, Inc.

BDY

2007-04-02

19.37

2007-06-01

22.26

14.92%

Myers Industries, Inc.

MYE

2007-01-03

15.47

2007-06-01

22.13

43.05%

Green Mountain Power Corp

GMP

2007-04-02

34.85

2007-05-24

34.94

0.26%

iBasis Inc.

IBAS

2007-01-24

6.22

2007-04-02

7.38

18.65%

Genesis Energy, L.P.

GEL

2007-01-03

18.87

2007-04-02

20.83

10.39%

Double Eagle Petroleum Co.

DBLE

2007-01-03

23.12

2007-04-02

18.63

-19.42%

Abraxas Petroleum Corp.

ABP

2007-01-03

3.17

2007-04-02

3.16

-0.32%

Reliv International, Inc

RELV

2007-01-03

8.59

2007-04-02

10.72

24.8%

Topps Company, Inc., The

TOPP

2007-01-03

9.42

2007-04-02

9.85

4.56%

Boston Beer Company, Inc., The

SAM

2007-01-03

36.16

2007-04-02

33.08

-8.52%

Xerium Technologies, Inc.

XRM

2007-01-03

9.42

2007-04-02

7.68

-18.47%

Marine Products Corp.

MPX

2007-01-03

11.33

2007-04-02

9.29

-18.01%

Axsys Technologies, Inc.

AXYS

2007-01-03

17.66

2007-04-02

16.13

-8.66%

Apogee Enterprises, Inc.

APOG

2007-01-03

19.18

2007-04-02

19.67

2.55%

DXP Enterprises, Inc.

DXPE

2007-01-03

35.5

2007-04-02

38.82

9.35%

Sun Hydraulics Corporation

SNHY

2007-01-03

13.64

2007-04-02

17.87

31.01%

Dynamic Materials Corporation

BOOM

2007-01-03

26.79

2007-04-02

32.92

22.88%

Bryn Mawr Bank Corp.

BMTC

2007-01-03

23.22

2007-04-02

22.89

-1.42%

CoBiz, Inc.

COBZ

2007-01-03

21.17

2007-04-02

19.5

-7.89%

Delta Financial Corporation

DFC

2007-01-03

9.95

2007-04-02

8.14

-18.19%

Calpine Corporation

CPNLQ

2007-01-03

1.14

2007-04-02

2.03

78.07%

Middlesex Water Company

MSEX

2007-01-03

18.24

2007-04-02

17.75

-2.69%

American States Water Company

AWR

2007-01-03

37.66

2007-04-02

36.48

-3.13%

Marten Transport, Ltd.

MRTN

2007-01-03

17.49

2007-04-02

15.89

-9.15%

Hawaiian Holdings, Inc.

2007-01-03

4.82

2007-04-02

3.14

-34.85%

Knightsbridge Tankers Limited

VLCCF

2007-01-03

21.58

2007-04-02

26.34

22.06%

Gilat Satellite Networks Ltd.

GILT

2007-01-03

8.91

2007-04-02

8.28

-7.07%

eCollege.com

ECLG

2007-01-03

15.2

2007-04-02

18.57

22.17%

American Software, Inc.

AMSWA

2007-01-03

6.73

2007-04-02

8.03

19.32%

Eagle Hospitality Properties T

EHP

2007-01-03

8.95

2007-04-02

11.07

23.69%

Deb Shops, Inc.

DEBS

2007-01-03

25.81

2007-04-02

26.82

3.91%

Metropolitan Health Networks,

MDF

2007-01-03

3.13

2007-04-02

1.94

-38.02%

MEDTOX Scientific, Inc.

MTOX

2007-01-03

13.37

2007-04-02

18.46

38.07%

Exactech, Inc.

EXAC

2007-01-03

14.29

2007-04-02

16.2

13.37%

Standard Motor Products, Inc.

SMP

2006-10-02

11.68

2007-04-02

17.23

47.52%

Centracore Properties Trust

CPV

2006-10-02

31.65

2007-01-24

32.58

2.94%

Star Gas Partners LP

SGU

2006-10-11

2.43

2007-01-03

3.31

36.21%

VAALCO Energy, Inc.

EGY

2006-10-02

7.2

2007-01-03

6.58

-8.61%

Newpark Resources, Inc.

2006-10-02

5.12

2007-01-03

6.85

33.79%

MGP Ingredients, Inc.

MGPI

2006-10-02

20.47

2007-01-03

22.42

9.53%

J&J Snack Foods Corp.

JJSF

2006-10-02

31.22

2007-01-03

40.74

30.49%

B&G Foods, Inc.

BGF

2006-10-02

17.41

2007-01-03

18.91

8.62%

Maidenform Brands, Inc.

MFB

2006-10-02

19.39

2007-01-03

18.03

-7.01%

First Security Group, Inc.

FSGI

2006-10-02

11.51

2007-01-03

11.68

1.48%

Cutter & Buck Inc.

CBUK

2006-10-02

9.33

2007-01-03

10.78

15.54%

Hawk Corporation

HWK

2006-10-02

13.04

2007-01-03

12.09

-7.29%

Met-Pro Corporation

MPR

2006-10-02

9.53

2007-01-03

10.94

14.8%

Comfort Systems USA, Inc.

FIX

2006-10-02

10.46

2007-01-03

12.54

19.89%

NN, Inc.

NNBR

2006-10-02

11.8

2007-01-03

12.0

1.69%

Brush Engineered Material

2006-10-02

24.9

2007-01-03

35.31

41.81%

Bank of Granite Corporation

GRAN

2006-10-02

16.5

2007-01-03

18.45

11.82%

Capital Bank Corporation

CBKN

2006-10-02

17.34

2007-01-03

17.4

0.35%

Unitil Corporation

UTL

2006-10-02

24.26

2007-01-03

25.15

3.67%

EnergySouth, Inc.

ENSI

2006-10-02

32.65

2007-01-03

40.49

24.01%

Consolidated Water Co. Ltd.

CWCO

2006-10-02

26.75

2007-01-03

24.34

-9.01%

Patriot Transportation Holding

PATR

2006-10-02

72.68

2007-01-03

90.99

25.19%

Arlington Tankers Limited

ATB

2006-10-02

19.68

2007-01-03

21.41

8.79%

TheStreet.com, Inc.

TSCM

2006-10-02

10.19

2007-01-03

8.58

-15.8%

Symmetricom, Inc.

SYMM

2006-10-02

7.83

2007-01-03

9.3

18.77%

C-COR Incorporated

CCBL

2006-10-02

9.04

2007-01-03

11.45

26.66%

Interstate Hotels & Resorts, I

IHR

2006-10-02

10.14

2007-01-03

7.41

-26.92%

AFC Enterprises, Inc.

AFCE

2006-10-02

14.48

2007-01-03

17.32

19.61%

Meridian Bioscience, Inc.

VIVO

2006-10-02

14.64

2007-01-03

16.22

10.79%

HealthTronics Inc.

HTRN

2006-10-02

6.15

2007-01-03

6.57

6.83%

U.S. Physical Therapy, Inc.

USPH

2006-10-02

11.57

2007-01-03

12.06

4.24%

Schweitzer-Mauduit Internation

SWM

2006-07-03

20.89

2007-01-03

25.38

21.49%

Excel Maritime Carriers

EXM

2006-07-03

10.37

2007-01-03

14.6

40.79%

Chaparral Resources, Inc.

CHAR

2006-10-02

5.77

2006-10-11

5.8

0.52%

K2 Inc.

KTO

2006-07-03

10.78

2006-10-02

11.73

8.81%

Boston Beer Company, Inc., The

SAM

2006-07-03

28.98

2006-10-02

31.29

7.97%

Reliv International, Inc

RELV

2006-07-03

9.61

2006-10-02

8.82

-8.22%

Landec Corporation

LNDC

2006-07-03

9.3

2006-10-02

10.62

14.19%

Seitel, Inc.

SELA

2006-07-03

3.57

2006-10-02

3.58

0.28%

Meridian Resource Corp.

TMR

2006-07-03

3.51

2006-10-02

3.0

-14.53%

Helen of Troy Limited

HELE

2006-07-03

18.48

2006-10-02

18.02

-2.49%

Cybex International, Inc.

CYBI

2006-07-03

6.54

2006-10-02

6.72

2.75%

Prospect Energy Corporation

PSEC

2006-07-03

14.73

2006-10-02

14.29

-2.99%

Matrix Service Company

MTRX

2006-07-03

11.53

2006-10-02

13.35

15.78%

ARGON ST, Inc.

STST

2006-07-03

26.58

2006-10-02

23.66

-10.99%

Robbins & Myers, Inc.

RBN

2006-07-03

25.98

2006-10-02

30.36

16.86%

Great Northern Iron Ore

GNI

2006-07-03

99.04

2006-10-02

93.95

-5.14%

Balchem Corporation

BCPC

2006-07-03

15.28

2006-10-02

12.83

-16.03%

Sands Regent, The

SNDS

2006-07-03

14.47

2006-10-02

14.75

1.94%

Harvest Natural Resources, Inc

HNR

2006-07-03

13.68

2006-10-02

10.12

-26.02%

Bank of the Ozarks

OZRK

2006-07-03

32.48

2006-10-02

32.68

0.62%

SEMCO Energy, Inc.

SEN

2006-07-03

5.66

2006-10-02

5.6

-1.06%

Chesapeake Utilities

CPK

2006-07-03

28.78

2006-10-02

29.09

1.08%

P.A.M. Transportation Services

PTSI

2006-07-03

30.25

2006-10-02

24.43