Table 1. Model Shadow Stock Portfolio: Annual Performance Since Inception
YEAR-TO-YEAR PERFORMANCE
  Annual
Avg. Since
Inception*
YTD Annual Rate of Return (%)
2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Shadow Stock Portfolio 19.8% 4.4% 29.4% 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%
S&P 500 (VFINX) 10.6% (0.5%) 15.6% 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 (NAESX) 11.7% 2.3% 15.6% 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 (DFSC) 14.7% 0.6% 16.2% 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%
*The portfolio was started on December 31, 1991.
Data as of 2/28/2007