Table 1. Performance of Stock Screens on AAII's Web Site Ranked by 2005 YTD Return
Value Strategies Price Change (%) Monthly Variability (%) Monthly Holdings
2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # Turnover %
Graham—Defensive Investor (Non-Utility) 26.2 11.7 32.7 3.1 61.5 12.0 3.6 9.6 295.8 5.9 15.7 -14.6 17 20.8
Graham—Enterprising Investor 21.3 18.9 25.9 43.5 55.3 24.2 -5.0 -7.3 342.8 8.0 33.1 -18.7 5 35.1
Dreman 18.7 24.2 37.7 8.3 26.4 38.0 -3.0 -1.5 266.4 4.7 12.6 -15.4 22 30.1
P/E Relative 17.2 24.7 51.1 11.1 16.1 20.3 -6.0 26.5 307.3 4.6 14.9 -12.4 34 77.8
Lakonishok 14.0 31.2 39.9 -5.2 -3.5 36.7 14.8 7.3 222.5 5.7 16.6 -13.7 26 90.8
Price-to-Free-Cash-Flow 10.6 30.9 61.7 13.6 63.8 17.8 10.0 2.6 478.9 6.1 25.1 -14.4 30 23.5
Dreman With Est Revisions 9.3 35.0 69.2 16.6 -29.9 38.7 6.7 10.7 234.0 6.5 11.4 -25.8 12 80.2
Neff 7.7 29.5 85.1 15.0 65.2 37.3 17.4 9.3 763.7 7.2 26.8 -20.2 18 36.2
Dividend Screen—Non-DRPs 7.1 22.8 40.5 28.6 54.7 16.5 -3.6 0.6 315.4 3.9 10.5 -13.6 30 28.9
Weiss Blue Chip Div Yield 6.4 16.6 48.9 -14.1 25.6 18.8 3.9 3.3 154.4 6.2 14.3 -14.8 11 26.0
Fundamental Rule of Thumb 5.0 49.6 83.3 4.7 42.3 28.7 11.7 -9.4 458.6 8.0 33.8 -19.2 50 22.8
O'Shaughnessy—Value 2.2 20.2 47.2 -12.1 10.6 22.3 -3.9 7.2 121.5 5.6 15.5 -14.0 50 19.6
Dividend (High Relative Yield) -1.0 19.1 27.9 0.4 24.1 23.3 -2.1 6.3 141.3 4.5 12.5 -12.0 37 21.0
Dividend Screen—DRPs -1.5 17.4 28.3 -1.2 38.9 27.7 -1.1 -4.1 146.6 4.7 15.6 -14.2 30 25.2
Cash Rich Firms -2.5 18.6 64.0 -9.4 20.1 40.5 37.1 -3.8 282.6 6.9 17.6 -20.7 32 24.3
Piotroski -8.5 82.2 154.6 -15.9 100.2 -0.9 27.1 17.9 960.8 8.8 34.3 -17.2 6 21.5
Dogs of the Dow -9.8 -1.3 20.4 -9.8 -1.2 4.1 5.7 9.8 15.3 5.5 16.1 -15.5 10 7.3
Dogs of the Dow—Low Priced 5 -11.8 6.1 17.6 -6.5 7.2 3.2 -2.0 24.6 39.0 6.5 19.4 -15.8 5 16.7
Growth & Value Strategies Price Change (%) Monthly Variability (%) Monthly Holdings
2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # Turnover %
Zweig 27.8 49.5 88.8 16.9 57.9 46.2 17.1 54.5 1,659.3 8.5 32.7 -24.2 14 43.5
Stock Market Winners 25.9 9.6 131.5 32.1 41.6 27.6 21.7 -12.0 716.4 7.0 22.0 -23.4 17 60.4
Muhlenkamp 23.6 31.0 41.2 5.9 43.5 22.2 12.8 -6.6 346.9 5.4 15.1 -17.6 21 25.6
Value on the Move—PEG With Est Growth 23.1 54.1 87.0 7.9 34.8 22.9 11.0 2.1 619.4 6.2 15.7 -23.1 49 44.8
T. Rowe Price 23.1 50.4 39.2 -15.1 8.4 35.2 -4.5 1.8 212.0 6.7 18.3 -18.0 13 33.3
Value on the Move—PEG With Hist Growth 17.2 32.5 50.1 12.1 22.4 19.4 18.0 1.5 357.2 4.7 12.7 -19.1 102 36.2
Price-to-Sales 16.9 11.1 69.8 1.3 43.3 23.3 21.1 13.2 440.7 6.1 14.8 -17.8 46 40.7
Wanger (Revised) 14.5 19.3 53.2 -13.1 21.1 -2.8 3.2 -2.4 116.0 6.9 22.8 -19.8 31 26.7
O'Shaughnessy—Growth 14.4 45.1 90.3 10.1 19.2 11.5 19.5 19.4 559.5 6.8 18.6 -17.9 50 38.3
Buffettology—EPS Growth 11.9 13.2 32.8 -10.9 25.7 5.9 17.7 4.0 144.6 5.8 15.0 -20.4 42 11.8
Buffett—Hagstrom 11.4 27.6 35.2 -8.7 13.9 11.4 31.4 27.5 273.1 5.3 13.2 -15.5 30 23.1
Buffettology—Sustainable Growth 9.5 17.5 37.6 -11.9 29.7 3.3 14.6 7.4 156.9 6.2 16.5 -18.0 30 14.7
Lynch 7.8 59.8 59.0 -7.2 39.3 3.2 8.9 1.3 302.9 5.2 18.9 -17.4 23 22.6
Templeton 4.7 21.9 46.8 -32.6 22.0 20.3 8.1 16.2 132.9 6.0 14.3 -18.2 24 26.7
Oberweis Octagon 4.1 42.3 67.8 -17.5 20.2 18.4 33.4 15.6 350.5 8.9 23.3 -23.2 18 41.3
Fisher (Philip) -11.7 -3.9 78.1 -10.7 70.7 -16.7 5.4 2.6 107.8 10.4 27.1 -27.9 25 32.9
Growth Strategies Price Change (%) Monthly Variability (%) Monthly Holdings
2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # Turnover %
O'Neil's CAN SLIM 24.1 -3.8 79.0 20.5 54.4 38.0 36.6 28.2 860.3 6.8 23.6 -23.1 10 53.2
Foolish Small Cap 8 22.6 10.1 107.7 -19.4 -8.6 24.2 80.9 17.7 446.1 9.9 38.8 -22.5 25 34.6
Return on Equity 17.6 26.2 46.9 -3.8 18.1 31.4 1.0 18.8 290.5 5.9 13.0 -22.2 35 20.2
Foolish Small Cap 8 Revised 15.3 -3.9 67.8 22.2 29.5 51.5 36.5 12.4 584.4 9.1 26.6 -24.2 7 31.5
Inve$tWare Quality Growth 14.9 18.0 33.3 -25.0 8.0 18.5 -3.0 14.5 92.7 5.7 18.2 -22.0 28 11.3
Driehaus 4.3 -10.8 87.8 -42.6 -27.4 -8.3 107.4 nmf 38.4 11.9 51.3 -25.7 15 64.5
IBD Stable 70 1.8 29.0 48.4 -11.0 9.5 23.9 3.6 21.9 196.9 5.2 12.0 -18.9 56 10.4
O'Neil's CAN SLIM Revised 3rd Edition -1.0 -2.6 74.7 -10.3 33.4 96.3 59.0 7.8 578.3 9.5 52.7 -26.7 9 63.0
Sector/Specialty Strategies Price Change (%) Monthly Variability (%) Monthly Holdings
2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # Turnover %
Murphy Technology 34.1 107.9 -33.7 -79.6 26.7 -52.1 139.7 29.7 -29.0 16.2 58.5 -44.9 11 24.9
Est Rev Up 5% 24.5 25.8 75.0 12.9 -8.1 3.6 107.1 43.3 773.8 9.4 30.8 -21.7 42 93.1
Graham—Defensive Investor (Utility) 18.5 16.2 16.6 -15.9 5.2 51.4 -8.4 14.6 125.6 4.6 12.0 -11.0 17 16.2
Est Rev Up 17.3 25.2 57.3 0.8 -3.5 2.2 38.2 29.9 311.8 6.2 12.2 -18.6 168 81.3
ADRs 12.9 14.5 82.3 -4.4 -5.3 9.9 4.0 2.3 149.5 6.6 31.1 -17.7 21 42.9
Dual Cash Flow 10.4 24.7 66.9 -13.9 24.6 5.7 114.3 0.9 463.4 7.4 34.7 -16.2 60 31.3
Est Rev Down 5% 2.5 8.0 70.9 -61.5 28.3 -4.2 27.8 -3.9 10.1 9.4 23.6 -23.2 69 89.4
Est Rev Down -0.4 13.4 51.8 -43.8 26.7 -7.1 21.9 -15.0 17.6 7.6 17.6 -23.3 191 79.2
Short % Outstanding -14.6 -2.3 88.5 -35.6 8.3 -31.7 -26.9 nmf -45.1 11.7 33.3 -26.2 25 17.6
Insider Net Purchases -14.6 33.5 86.8 -20.9 21.8 -38.3 7.5 nmf 36.1 8.8 26.7 -19.0 27 29.5
Short Ratio -15.9 -1.7 52.1 -30.7 18.3 -40.9 2.2 nmf -37.7 9.6 37.8 -24.5 25 51.1
Short Interest Change -29.9 11.7 120.5 -34.9 11.6 -51.8 111.1 nmf 27.5 11.4 34.1 -27.4 25 84.5
Indexes Price Change (%) Monthly Variability (%)  
2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss
All Exchange-Listed Stocks 4.5 22.8 81.1 -13.3 21.2 -14.2 35.1 5.9 199.9 6.6 23.9 -20.2
Dow Jones 30 -0.1 2.6 25.3 -16.8 -7.1 -6.2 25.2 16.1 35.5 4.7 11.8 -15.1
NASDAQ 100 1.5 10.4 49.1 -37.6 -32.7 -36.8 102.0 85.5 66.2 10.5 25.0 -27.5
S&P 500 3.0 9.0 26.4 -23.4 -13.0 -10.1 19.5 26.7 28.6 4.6 9.7 -14.6
S&P/Barra 500 Growth (incl dividends) 4.9 6.1 25.7 -23.6 -12.7 -22.1 28.2 42.2 32.5 5.1 9.2 -13.0
S&P/Barra 500 Value (incl dividends) 6.2 15.7 31.8 -20.9 -11.7 6.1 12.7 14.7 55.1 4.7 10.4 -16.1
S&P MidCap 400 11.3 15.2 34.0 -15.4 -1.6 16.2 13.3 17.7 121.4 5.5 12.0 -18.7
S&P MidCap Growth (incl dividends) 14.7 14.3 31.3 -19.2 -8.0 9.2 28.7 34.9 142.6 6.5 19.6 -20.8
S&P MidCap Value (incl dividends) 11.2 18.9 40.2 -10.1 7.1 27.8 2.3 4.7 144.6 5.1 15.3 -16.4
S&P SmallCap 600 6.7 21.4 37.8 -15.3 5.7 11.0 11.5 -2.1 93.6 5.8 13.3 -19.4
S&P SmallCap Growth (incl dividends) 8.7 22.0 37.4 -15.4 -1.2 0.6 19.6 2.3 87.5 6.3 20.9 -20.5
S&P SmallCap Value (incl dividends) 7.7 23.3 40.0 -14.5 13.1 20.9 3.0 -5.1 112.6 5.5 14.1 -18.0
Unless otherwise stated, figures do not include dividends or transactions costs.

* Through 12/31/2005