TABLE 1. Performance of Stock Screens on AAII's Web Site. (Ranked by 2004)
  Price Change (%) Monthly Variability (%) Monthly Holdings
Value Strategies 2004* 2003 2002 2001 2000 1999 1998 Cum'l* Std Dev Gain Loss Avg # Turnover %
Piotroski 62.3 154.6 -15.9 100.2 -0.9 27.1 17.9 933.2 9.1 34.3 -17.2 7 21.3
Dreman With Est Revisions 32.9 69.2 16.6 -29.9 38.7 6.7 10.7 200.8 6.7 11.4 -25.8 11 79.5
Fundamental Rule of Thumb 31.1 83.3 4.7 42.3 28.7 11.7 -9.4 366.1 8.1 33.8 -19.2 50 23.0
Lakonishok 27.1 39.9 -5.2 -3.5 36.7 14.8 7.3 174.0 5.9 16.6 -13.7 24 90.9
Neff 23.1 85.1 15.0 65.2 37.3 17.4 9.3 662.9 7.4 26.8 -20.2 18 36.0
P/E Relative 21.8 51.1 11.1 16.1 20.3 -6.0 26.5 239.6 4.8 14.9 -12.4 33 78.5
Price-to-Free-Cash-Flow 21.1 61.7 13.6 63.8 17.8 10.0 2.6 384.5 6.3 25.1 -14.4 30 24.1
Dividend Screen—Non-DRPs 19.4 40.5 28.6 54.7 16.5 -3.6 0.6 276.9 3.9 10.5 -13.6 30 28.4
Graham—Enterprising Investor 19.1 25.9 43.5 55.3 24.2 -5.0 -7.3 265.6 8.1 33.1 -18.7 6 33.4
Dreman 17.2 37.7 8.3 26.4 38.0 -3.0 -1.5 191.1 4.9 12.6 -15.4 21 30.4
Dividend (High Relative Yield) 16.2 27.9 0.4 24.1 23.3 -2.1 6.3 137.6 4.6 12.5 -12.0 38 21.4
Cash Rich Firms 15.7 64.0 -9.4 20.1 40.5 37.1 -3.8 283.0 7.0 17.6 -20.7 33 24.5
Dividend Screen—DRPs 14.2 28.3 -1.2 38.9 27.7 -1.1 -4.1 143.6 4.9 15.6 -14.2 30 25.7
O'Shaughnessy—Value 14.2 47.2 -12.1 10.6 22.3 -3.9 7.2 106.0 5.8 15.5 -14.0 50 20.2
Weiss Blue Chip Div Yield 13.9 48.9 -14.1 25.6 18.8 3.9 3.3 133.4 6.5 14.3 -14.8 10 27.0
Graham—Defensive Investor (Non-Utility) 6.9 32.7 3.1 61.5 12.0 3.6 9.6 200.0 6.1 15.7 -14.6 18 20.6
Dogs of the Dow—Low Priced 5 2.1 17.6 -6.5 7.2 3.2 -2.0 24.6 51.6 6.7 19.4 -15.8 5 16.9
Dogs of the Dow -4.9 20.4 -9.8 -1.2 4.1 5.7 9.8 23.2 5.7 16.1 -15.5 10 7.7
Growth & Value Strategies 2004* 2003 2002 2001 2000 1999 1998 Total* Std Dev Gain Loss Avg # Turnover %
Lynch 53.3 59.0 -7.2 39.3 3.2 8.9 1.3 258.5 5.4 18.9 -17.4 24 23.0
Value on the Move—PEG With Est Growth 50.6 87.0 7.9 34.8 22.9 11.0 2.1 471.0 6.3 15.7 -23.1 49 46.2
Zweig 39.4 88.8 16.9 57.9 46.2 17.1 54.5 1,183.2 8.7 32.7 -24.2 13 44.3
T. Rowe Price 38.0 39.2 -15.1 8.4 35.2 -4.5 1.8 132.6 6.7 17.0 -18.0 14 34.1
Oberweis Octagon 34.5 67.8 -17.5 20.2 18.4 33.4 15.6 308.9 9.2 23.3 -23.2 17 42.1
O'Shaughnessy—Growth 29.8 90.3 10.1 19.2 11.5 19.5 19.4 415.9 6.9 18.6 -17.9 50 38.7
Muhlenkamp 28.0 41.2 5.9 43.5 22.2 12.8 -6.6 253.4 5.6 15.1 -17.6 22 25.8
Value on the Move—PEG With Hist Growth 27.7 50.1 12.1 22.4 19.4 18.0 1.5 276.1 4.7 12.7 -19.1 103 37.0
Buffett—Hagstrom 24.9 35.2 -8.7 13.9 11.4 31.4 27.5 227.7 5.4 13.2 -15.5 30 23.1
Templeton 19.3 46.8 -32.6 22.0 20.3 8.1 16.2 117.7 6.3 14.3 -18.2 26 26.4
Buffettology—Sustainable Growth 12.9 37.6 -11.9 29.7 3.3 14.6 7.4 125.6 6.5 16.5 -18.0 29 15.0
Wanger (Revised) 12.4 53.2 -13.1 21.1 -2.8 3.2 -2.4 77.6 7.2 22.8 -19.8 29 27.0
Stock Market Winners 10.8 131.5 32.1 41.6 27.6 21.7 -12.0 555.7 7.2 22.0 -23.4 18 61.1
Buffettology—EPS Growth 9.1 32.8 -10.9 25.7 5.9 17.7 4.0 110.6 6.0 15.0 -20.4 40 11.8
Price-to-Sales 5.4 69.8 1.3 43.3 23.3 21.1 13.2 338.8 6.3 14.8 -17.8 46 42.0
Fisher (Philip) -6.9 78.1 -10.7 70.7 -16.7 5.4 2.6 127.7 10.9 27.1 -27.9 28 35.1
Growth Strategies 2004* 2003 2002 2001 2000 1999 1998 Total* Std Dev Gain Loss Avg # Turnover %
IBD Stable 70 23.8 51.1 -11.0 9.5 23.9 3.6 21.9 185.0 5.3 12.0 -18.9 59 10.8
Return on Equity 18.3 46.9 -3.8 18.1 31.4 1.0 18.8 211.5 6.0 13.0 -22.2 33 20.1
Inve$tWare Quality Growth 14.4 33.3 -25.0 8.0 18.5 -3.0 14.5 62.6 5.8 18.2 -22.0 29 11.7
Foolish Small Cap 8 5.2 107.7 -19.4 -8.6 24.2 80.9 17.7 325.4 9.9 38.8 -22.5 26 34.7
O'Neil's CAN SLIM Revised 3rd Edition -5.6 74.7 -10.3 33.4 96.3 59.0 7.8 563.7 9.8 52.7 -26.7 8 64.0
O'Neil's CAN SLIM -8.0 79.0 20.5 54.4 38.0 36.6 28.2 640.5 7.0 23.6 -23.1 10 54.5
Foolish Small Cap 8 Revised -12.5 67.8 22.2 29.5 51.5 36.5 12.4 439.9 9.4 26.6 -24.2 8 31.3
Driehaus -14.0 87.8 -42.6 -27.4 -8.3 107.4 nmf 28.0 12.5 51.3 -25.7 13 64.8
Sector/Specialty Strategies 2004* 2003 2002 2001 2000 1999 1998 Total* Std Dev Gain Loss Avg # Turnover %
Murphy Technology 87.7 -33.7 -79.6 26.7 -52.1 139.7 29.7 -52.2 16.8 58.5 -44.9 12 22.5
Insider Net Purchases 27.8 86.8 -20.9 21.8 -38.3 7.5 nmf 52.6 9.1 26.7 -19.0 27 30.1
Est Rev Up 5% 25.2 75.0 12.9 -8.1 3.6 107.1 43.3 598.8 9.8 30.8 -21.7 41 93.0
Est Rev Up 20.6 57.3 0.8 -3.5 2.2 38.2 29.9 238.2 6.4 12.2 -18.6 164 81.5
Dual Cash Flow 17.5 66.9 -13.9 24.6 5.7 114.3 0.9 380.7 7.6 34.7 -16.2 58 31.5
Graham—Defensive Investor (Utility) 13.8 16.6 -15.9 5.2 51.4 -8.4 14.6 86.4 4.8 12.0 -11.0 18 15.3
ADRs 9.1 82.3 -4.4 -5.3 9.9 4.0 2.3 110.4 6.8 31.1 -17.7 19 42.8
Est Rev Down 8.7 51.8 -43.8 26.7 -7.1 21.9 -15.0 13.1 7.9 17.6 -23.3 196 78.9
Est Rev Down 5% 1.9 70.9 -61.5 28.3 -4.2 27.8 -3.9 1.2 9.8 23.6 -23.2 70 89.4
Short Interest Change -1.7 120.5 -34.9 11.6 -51.8 111.1 nmf 60.2 11.7 34.1 -27.4 25 82.8
Short % Outstanding -7.0 88.5 -35.6 8.3 -31.7 -26.9 nmf -38.9 12.0 33.3 -26.2 25 17.6
Short Ratio -7.2 52.1 -30.7 18.3 -40.9 2.2 nmf -30.2 10.0 37.8 -24.5 25 50.3
Indexes 2004* 2003 2002 2001 2000 1999 1998 Total* Std Dev Gain Loss  
All Exchange-Listed Stocks 17.0 81.1 -13.3 21.2 -14.2 35.1 5.9 173.6 6.9 23.9 -20.2
Dow Jones 30 0.9 25.3 -16.8 -7.1 -6.2 25.2 16.1 33.3 4.9 11.8 -15.1
Nasdaq 100 9.3 49.1 -37.6 -32.7 -36.8 102.0 85.5 62.1 11.0 25.0 -27.5
S&P 500 6.1 26.4 -23.4 -13.0 -10.1 19.5 26.7 21.6 4.9 9.7 -14.6
S&P/Barra 500 Growth (incl dividends) 4.5 25.7 -23.6 -12.7 -22.1 28.2 42.2 24.4 5.4 9.2 -13.0
S&P/Barra 500 Value (incl dividends) 12.6 31.8 -20.9 -11.7 6.1 12.7 14.7 42.2 5.0 10.4 -16.1
S&P MidCap 400 11.3 34.0 -15.4 -1.6 16.2 13.3 17.7 92.4 5.7 12.0 -18.7
S&P MidCap Growth (incl dividends) 10.5 31.3 -19.2 -8.0 9.2 28.7 34.9 104.6 6.8 19.6 -20.8
S&P MidCap Value (incl dividends) 14.8 40.2 -10.1 7.1 27.8 2.3 4.7 112.2 5.2 15.3 -16.4
S&P SmallCap 600 17.6 37.8 -15.3 5.7 11.0 11.5 -2.1 75.9 6.1 13.3 -19.4
S&P SmallCap Growth (incl dividends) 17.4 37.4 -15.4 -1.2 0.6 19.6 2.3 66.0 6.6 20.9 -20.5
S&P SmallCap Value (incl dividends) 20.1 40.0 -14.5 13.1 20.9 3.0 -5.1 92.3 5.7 14.1 -18.0

Unless otherwise stated, figures do not include dividends or transactions costs.

* Through 12/10/2004