Table 1. Shadow Stock Portfolio Historical Returns
YEAR-TO-YEAR PERFORMANCE
Annual Rate of Return (%)
  Inception YTD* 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Shadow Stock Portfolio 18.6% 8.5% 17.9% 43.7% 73.1% 10.8% 21.4% (7.7%) (0.0%) (8.9%) 44.3% 22.3% 20.7% 2.0% 32.3%
Vanguard 500 Idx (VFINX) 10.3% 5.7% 4.8% 10.8% 28.5% (22.1%) (12.0%) (9.1%) 21.1% 28.6% 33.2% 22.9% 37.4% 1.2% 9.9%
Vanguard Small Cap Idx (NAESX) 11.2% 5.7% 7.4% 19.9% 45.6% (20.0%) 3.1% (2.7%) 23.1% (2.6%) 24.6% 18.1% 28.7% (0.5%) 18.7%
DFA US Micro Cap (DFSCX) 14.4% 5.4% 4.9% 18.4% 60.7% (13.3%) 22.8% (3.6%) 29.8% (7.3%) 22.8% 17.6% 34.5% 3.1% 21.0%
*Data as of 8/31/2006