6% 10% 4%

A B C
6% A 1 -0.3 0.8 A
10% B -0.3 1 0.45 B
4% C 0.8 0.45 1 C

A
B
C
 15% 45% 40%
A B C
0.36% -0.18% 0.19%
-0.18% 1.00% 0.18%
0.19% 0.18% 0.16%

1.00%
0.19%
var 0.30%
sd 5.47%
Date Small Caps Large Caps Growth Value Corporates High Yield
4/20/2015 55.750938 116.504318 39.35537 119.68428 22.096239 77.879143
4/27/2015 54.386578 115.847908 38.896763 118.850204 21.634403 77.427147
5/4/2015 54.639771 116.804405 39.076427 119.168839 21.857162 78.019165
5/11/2015 55.042976 117.498344 39.308094 119.618668 21.857162 77.95919
5/18/2015 55.282085 117.17012 39.483036 120.612061 21.661854 77.78788
5/25/2015 54.850731 116.579346 39.08115 119.599922 21.811077 77.873535
6/1/2015 55.624348 115.407166 38.920406 118.081741 21.705751 76.614357
6/8/2015 55.947861 116.007347 38.91095 118.494095 21.794725 76.799744
6/15/2015 56.730831 116.795029 39.289185 119.543678 21.845558 77.126709
6/22/2015 56.444832 115.435303 39.170979 117.809959 21.701904 76.567436
6/29/2015 55.500004 114.294785 38.565807 117.208755 21.732845 76.36097
7/6/2015 55.627331 114.615143 38.970047 116.72847 21.89863 76.745346
7/13/2015 55.9669 116.810577 40.107681 117.321777 21.907536 76.650276
7/20/2015 54.273792 114.502083 39.341324 114.562485 21.869703 75.405746
7/27/2015 55.132141 116.009674 39.822075 116.493042 21.876377 76.028023
8/3/2015 54.306808 115.378365 39.208042 115.833817 21.82073 74.939049
8/10/2015 54.745415 115.708145 39.398438 117.161682 22.042694 74.991432
8/17/2015 52.453342 109.413918 37.223125 111.972702 22.018042 74.192719
8/24/2015 52.307148 109.677765 37.722927 111.822021 22.136839 74.974075
8/31/2015 51.20356 106.257385 36.575768 108.535355 22.022524 74.626808
9/7/2015 52.000587 108.113625 37.499203 110.239914 22.222988 75.430908
9/14/2015 52.085484 108.160751 37.599167 110.447098 22.146235 74.864105
9/21/2015 51.241295 105.748581 36.594803 108.563614 22.204937 73.311874
9/28/2015 50.967216 107.542763 36.931198 109.356972 22.256849 71.89045
10/5/2015 53.601978 110.801643 37.962364 113.655128 22.394938 74.575439
10/12/2015 53.416832 111.654259 38.191509 113.456299 22.504089 74.724411
10/19/2015 53.829853 114.628922 39.036499 115.008957 22.545023 75.206329
10/26/2015 53.668446 115.1026 39.322937 114.829071 22.390387 74.978516
11/2/2015 55.235058 116.05941 39.752594 115.169899 22.285784 74.075981
11/9/2015 52.747467 112.260567 38.263126 111.846863 22.379509 73.062859
11/16/2015 54.271351 115.358376 39.628471 114.677605 22.477997 72.921997
11/23/2015 55.348988 115.273117 39.809879 115.453911 22.578768 73.150879
11/30/2015 54.708111 115.850998 39.814651 115.359245 22.496315 72.763565
12/7/2015 52.044861 112.184776 38.339508 110.511978 22.626741 70.336662
12/14/2015 51.736286 111.635307 38.205837 110.625595 22.495255 70.34552
12/21/2015 53.169968 114.448914 39.055592 113.655128 22.488329 71.194641
12/28/2015 52.741947 113.428627 38.980026 113.309685 22.643538 71.650467
1/4/2016 48.93874 107.562187 36.521561 106.311272 22.794621 70.707932
1/11/2016 47.813103 104.806145 35.590038 102.707176 22.696995 69.276337
1/18/2016 48.292095 105.830078 36.334301 103.126694 22.710947 70.094414
1/25/2016 49.494373 107.715302 36.603199 106.082428 22.692347 70.50341
2/1/2016 47.611931 104.700882 35.181892 106.101509 22.671432 68.822876
2/8/2016 47.03714 104.011864 34.941811 104.08017 22.87122 68.55629
2/15/2016 48.771095 107.150696 36.142231 107.455414 22.87122 69.37838
 2/22/2016 50.193699 108.76796 36.867283 110.268127 22.932087 70.79921
2/29/2016 52.267738 111.342178 37.77 114.692207 22.922724 72.264679
3/7/2016 52.679676 112.949867 38.0485 116.904243 23.003658 73.785622
3/14/2016 53.479595 114.213058 38.581482 118.610954 23.319748 74.019157
3/21/2016 52.291691 112.7202 38.245365 116.255898 23.371643 73.075958
3/28/2016 54.470478 115.186455 39.593853 118.671097 23.350412 73.093925
4/4/2016 53.249405 114.23481 39.114311 116.539268 23.709095 73.57
4/11/2016 54.842106 116.484131 39.73917 119.084023 23.661589 74.445412
4/18/2016 55.585369 117.320435 39.651981 120.438004 23.668718 75.266655
4/25/2016 54.982071 115.868935 38.954468 120.495628 23.704342 75.672775
5/2/2016 54.470478 115.503662 38.867268 118.690308 23.687716 74.481514
5/9/2016 53.625866 115.061485 38.668678 117.941292 23.891842 75.049049
5/16/2016 53.992668 115.176842 38.736492 118.056526 23.772261 75.375397
5/23/2016 55.759117 117.368484 39.700413 121.033386 23.683773 75.874054
5/30/2016 56.256233 117.435768 39.855423 122.445 23.81531 75.710869
6/6/2016 56.555477 117.493446 39.695576 122.348969 23.958563 76.368156
6/13/2016 55.643288 116.28228 39.167591 121.369484 24.00672 75.730438
6/20/2016 54.760059 114.513565 38.508827 118.642296 24.023573 75.83976
6/27/2016 56.515137 118.684692 39.758537 122.464195 24.177677 76.951202
7/4/2016 57.559189 120.113922 40.29137 122.869514 24.35219 78.338669
7/11/2016 59.045151 121.958427 41.125332 126.102394 24.180098 78.375275
7/18/2016 59.137417 122.798584 41.496578 126.362968 24.16798 78.86953
7/25/2016 59.249107 123.349037 41.677319 126.555969 24.344921 78.173927
8/1/2016 59.540474 124.295433 41.911789 126.691086 24.199493 78.292892
8/8/2016 59.355942 124.720322 41.960632 127.328018 24.306078 79.353508
8/15/2016 59.72015 125.135574 41.89225 128.862427 24.306078 79.610939
8/22/2016 59.97752 124.015358 41.618694 128.022842 24.276951 79.583359
8/29/2016 60.832195 124.61409 41.765251 129.045807 24.286655 79.895973
9/5/2016 59.059727 121.71698 40.680809 127.086746 24.208918 79.19593
9/12/2016 59.113144 123.38765 41.179066 126.64283 24.277004 79.325195
9/19/2016 60.637951 124.285767 41.794552 128.69838 24.296455 80.110054
9/26/2016 60.288307 123.841545 41.569851 129.393204 24.247826 80.571716
10/3/2016 60.01577 124.169273 41.346687 129.104736 24.208918 80.470146
10/10/2016 59.034142 123.693596 40.935081 127.378433 24.238081 80.558746
10/17/2016 58.824142 123.810089 41.199684 128.726501 24.208858 81.031754
10/24/2016 57.62764 123.130569 40.641083 127.950607 24.277052 80.020821
10/31/2016 56.714386 120.985184 39.788471 125.913971 24.277052 78.815125
11/7/2016 62.711575 124.848801 41.150684 132.557373 24.040901 77.763618
11/14/2016 64.484344 126.071953 41.61129 136.203964 23.982363 78.844307
11/21/2016 66.257141 127.265984 42.199299 139.123154 24.011635 79.86911
11/28/2016 65.021561 126.334053 41.346687 139.161972 23.953093 79.543045
12/5/2016 68.855255 129.58609 42.650101 144.156616 24.010714 80.937195
12/12/2016 67.614792 130.372391 42.591301 142.275131 23.92277 80.525459
12/19/2016 67.663635 129.896729 42.532505 141.91629 23.942312 81.040138
12/26/2016 67.68132 129.608765 42.212059 140.92099 24.080267 81.261909
 1/2/2017 67.819115 131.650528 43.156227 143.564392 24.031343 81.900352
1/9/2017 67.824036 131.552841 43.323418 142.715775 24.080267 81.98484
1/16/2017 66.893875 131.88501 43.24474 141.954956 24.080267 81.872177
1/23/2017 67.750214 132.793533 43.775829 143.96434 24.060701 82.257118
1/30/2017 67.956917 133.272263 43.854511 144.705673 24.080267 82.135078
2/6/2017 68.616417 134.434784 44.346264 145.164124 24.156614 82.543037
2/13/2017 69.098724 136.955246 44.965874 146.334641 24.176216 82.769363
2/20/2017 68.941238 138.567184 45.251087 146.480972 24.235014 83.222023
2/27/2017 68.675468 139.544098 45.624825 146.77359 24.068411 82.976822
3/6/2017 67.228539 139.544098 45.546143 144.40329 24.11825 81.738632
3/13/2017 68.69516 139.583176 45.83136 145.32019 24.157511 82.477394
3/20/2017 66.598579 137.854019 45.211754 141.974472 24.196775 82.240608
3/27/2017 68.3004 139.191727 45.745914 145.444229 24.177143 83.140411
4/3/2017 66.996803 139.181915 45.647282 144.405533 24.18696 82.771004
4/10/2017 66.068497 137.719833 45.213303 142.122406 24.302986 82.962532
4/17/2017 68.004135 138.769775 45.795235 143.758835 24.283323 83.323975
4/24/2017 68.922577 140.133743 46.63361 144.924896 24.234163 83.818604
5/1/2017 68.823807 141.566391 46.978828 144.33696 24.165348 83.30497
5/8/2017 67.984367 141.389755 47.01828 142.867126 24.243029 84.043091
5/15/2017 67.105438 140.93837 46.939377 142.308594 24.33165 84.234131
5/22/2017 67.915237 143.126587 47.836933 143.993988 24.33165 84.606689
5/29/2017 69.100327 145.373672 48.47805 145.209061 24.292265 84.616234
6/5/2017 70.157028 144.039139 47.935566 145.600998 24.319847 84.728188
6/12/2017 69.199089 144.372787 47.975018 146.139923 24.29026 84.565102
6/19/2017 69.199089 145.344208 48.369553 144.748505 24.359297 84.613068
6/26/2017 69.238594 143.627029 47.541039 145.08165 24.300123 84.795334
7/3/2017 69.442368 144.361435 47.794716 144.90506 24.309984 84.037476
7/10/2017 70.056465 146.106781 48.764664 147.327194 24.368282 85.293434
7/17/2017 70.571518 146.422348 49.170456 147.494583 24.388037 85.48613
7/24/2017 70.323891 145.534882 49.041794 147.238571 24.397915 85.659554
7/31/2017 69.472076 146.668869 49.031895 147.061356 24.378159 85.264534
8/7/2017 67.550552 145.712372 48.45784 144.137054 24.445415 84.486992
8/14/2017 66.530365 144.884064 48.230202 142.522308 24.445415 84.622452
8/21/2017 67.322739 145.810959 48.655792 144.028748 24.484985 85.34803
8/28/2017 68.897606 147.852158 49.576252 145.279205 24.435522 85.444771
9/4/2017 68.293411 147.211197 49.407997 143.703827 24.492899 85.288208
9/11/2017 70.10598 149.489044 49.952358 147.002274 24.433447 85.890533
9/18/2017 71.264839 148.650864 49.823689 147.543808 24.512714 85.90995
9/25/2017 73.513229 148.591721 49.96225 148.754883 24.443356 86.230553
10/2/2017 74.618515 150.827866 50.827515 150.608841 24.453266 85.880806
10/9/2017 74.111778 151.432358 51.125622 150.767212 24.441374 86.167137
10/16/2017 74.49929 153.06749 51.443607 151.539261 24.47114 86.518333
10/23/2017 74.698006 152.700821 51.851021 150.341583 24.451296 86.303711
10/30/2017 73.465958 153.374695 52.139194 150.747421 24.421526 85.825714
11/6/2017 72.87973 153.761169 52.198811 150.391083 24.448269 85.330017
11/13/2017 74.151527 152.671082 52.139194 151.173019 24.388641 85.682671
11/20/2017 75.62204 154.226944 52.785091 151.7966 24.418453 86.074509
11/27/2017 76.526207 156.892685 53.122952 155.93399 24.338947 85.594521
12/4/2017 75.761147 157.517014 53.262066 156.854507 24.386648 85.929276
12/11/2017 76.138702 158.815186 53.858284 156.448685 24.386648 85.791565
12/18/2017 76.565948 158.270172 53.629738 157.903702 24.386648 85.584976
12/25/2017 76.57859 158.23938 53.61792 158.67215 24.406557 86.197632
1/1/2018 77.625427 161.874207 55.263252 161.02005 24.356787 86.898994
1/8/2018 79.320305 164.493271 56.080936 164.58168 24.386648 86.513741
1/15/2018 79.818802 165.090775 56.838783 164.541901 24.376694 86.47422
1/22/2018 80.117897 167.201965 58.184963 167.496674 24.326925 86.691551
1/29/2018 77.266518 160.828583 56.080936 159.706818 24.326925 85.170296
2/5/2018 73.916634 153.070969 53.308796 153.110809 24.333933 84.269051
2/12/2018 77.097031 159.872559 56.011127 159.308868 24.333933 85.757027
2/19/2018 77.525734 160.211151 56.609436 158.761688 24.28409 85.69751
2/26/2018 76.439011 156.745621 55.632206 155.011017 24.254183 85.06263
3/5/2018 79.56955 161.714874 57.895786 160.532562 24.333015 85.719254
3/12/2018 79.469856 159.384613 57.307457 159.21933 24.283091 85.450356
3/19/2018 75.561668 149.525757 53.538143 151.180771 24.333015 84.573936
3/26/2018 77.010002 153.309998 54.619999 155.970001 24.342999 85.291
4/2/2018 76.760002 151.619995 53.669998 154.440002 24.32303 84.922508
4/9/2018 78.25 154.130005 54.869999 156.399994 24.32 86.290001
4/16/2018 79.059998 154.050003 55.209999 158.270004 24.309999 85.889999

Small Caps Large Caps Growth Value Corporates High Yield

Small Caps 0.05% 0.03% 0.03% 0.04% 0.00% 0.01%
Large Caps 0.03% 0.03% 0.03% 0.03% 0.00% 0.01%
Growth 0.03% 0.03% 0.03% 0.03% 0.00% 0.01%
Value 0.04% 0.03% 0.03% 0.03% 0.00% 0.01%
Corporates 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
High Yield 0.01% 0.01% 0.01% 0.01% 0.00% 0.01%

Small Caps Large Caps Growth Value Corporates High Yield

Small Caps 0.0499% 0.0299% 0.0347% 0.0359% -0.0009% 0.0126%
Large Caps 0.0299% 0.0274% 0.0295% 0.0267% 0.0000% 0.0096%
Growth 0.0347% 0.0295% 0.0344% 0.0289% -0.0001% 0.0110%
Value 0.0359% 0.0267% 0.0289% 0.0328% -0.0006% 0.0112%
Corporates -0.0009% 0.0000% -0.0001% -0.0006% 0.0019% 0.0009%
High Yield 0.0126% 0.0096% 0.0110% 0.0112% 0.0009% 0.0094%
Small Caps Large Caps Growth Value Corporates High Yield
-2.45% -0.56% -1.17% -0.70% -2.09% -0.58%
0.47% 0.83% 0.46% 0.27% 1.03% 0.76%
0.74% 0.59% 0.59% 0.38% 0.00% -0.08%
0.43% -0.28% 0.45% 0.83% -0.89% -0.22%
-0.78% -0.50% -1.02% -0.84% 0.69% 0.11%
1.41% -1.01% -0.41% -1.27% -0.48% -1.62%
0.58% 0.52% -0.02% 0.35% 0.41% 0.24%
1.40% 0.68% 0.97% 0.89% 0.23% 0.43%
-0.50% -1.16% -0.30% -1.45% -0.66% -0.73%
-1.67% -0.99% -1.54% -0.51% 0.14% -0.27%
0.23% 0.28% 1.05% -0.41% 0.76% 0.50%
0.61% 1.92% 2.92% 0.51% 0.04% -0.12%
-3.03% -1.98% -1.91% -2.35% -0.17% -1.62%
1.58% 1.32% 1.22% 1.69% 0.03% 0.83%
-1.50% -0.54% -1.54% -0.57% -0.25% -1.43%
0.81% 0.29% 0.49% 1.15% 1.02% 0.07%
-4.19% -5.44% -5.52% -4.43% -0.11% -1.07%
-0.28% 0.24% 1.34% -0.13% 0.54% 1.05%
-2.11% -3.12% -3.04% -2.94% -0.52% -0.46%
1.56% 1.75% 2.52% 1.57% 0.91% 1.08%
0.16% 0.04% 0.27% 0.19% -0.35% -0.75%
-1.62% -2.23% -2.67% -1.71% 0.27% -2.07%
-0.53% 1.70% 0.92% 0.73% 0.23% -1.94%
5.17% 3.03% 2.79% 3.93% 0.62% 3.73%
-0.35% 0.77% 0.60% -0.17% 0.49% 0.20%
0.77% 2.66% 2.21% 1.37% 0.18% 0.64%
-0.30% 0.41% 0.73% -0.16% -0.69% -0.30%
2.92% 0.83% 1.09% 0.30% -0.47% -1.20%
-4.50% -3.27% -3.75% -2.89% 0.42% -1.37%
2.89% 2.76% 3.57% 2.53% 0.44% -0.19%
1.99% -0.07% 0.46% 0.68% 0.45% 0.31%
-1.16% 0.50% 0.01% -0.08% -0.37% -0.53%
-4.87% -3.16% -3.71% -4.20% 0.58% -3.34%
-0.59% -0.49% -0.35% 0.10% -0.58% 0.01%
2.77% 2.52% 2.22% 2.74% -0.03% 1.21%
-0.81% -0.89% -0.19% -0.30% 0.69% 0.64%
-7.21% -5.17% -6.31% -6.18% 0.67% -1.32%
-2.30% -2.56% -2.55% -3.39% -0.43% -2.02%
1.00% 0.98% 2.09% 0.41% 0.06% 1.18%
2.49% 1.78% 0.74% 2.87% -0.08% 0.58%
-3.80% -2.80% -3.88% 0.02% -0.09% -2.38%
-1.21% -0.66% -0.68% -1.91% 0.88% -0.39%
3.69% 3.02% 3.44% 3.24% 0.00% 1.20%
2.92% 1.51% 2.01% 2.62% 0.27% 2.05%
 4.13% 2.37% 2.45% 4.01% -0.04% 2.07%
0.79% 1.44% 0.74% 1.93% 0.35% 2.10%
1.52% 1.12% 1.40% 1.46% 1.37% 0.32%
-2.22% -1.31% -0.87% -1.99% 0.22% -1.27%
4.17% 2.19% 3.53% 2.08% -0.09% 0.02%
-2.24% -0.83% -1.21% -1.80% 1.54% 0.65%
2.99% 1.97% 1.60% 2.18% -0.20% 1.19%
1.36% 0.72% -0.22% 1.14% 0.03% 1.10%
-1.09% -1.24% -1.76% 0.05% 0.15% 0.54%
-0.93% -0.32% -0.22% -1.50% -0.07% -1.57%
-1.55% -0.38% -0.51% -0.63% 0.86% 0.76%
0.68% 0.10% 0.18% 0.10% -0.50% 0.43%
3.27% 1.90% 2.49% 2.52% -0.37% 0.66%
0.89% 0.06% 0.39% 1.17% 0.56% -0.22%
0.53% 0.05% -0.40% -0.08% 0.60% 0.87%
-1.61% -1.03% -1.33% -0.80% 0.20% -0.84%
-1.59% -1.52% -1.68% -2.25% 0.07% 0.14%
3.21% 3.64% 3.25% 3.22% 0.64% 1.47%
1.85% 1.20% 1.34% 0.33% 0.72% 1.80%
2.58% 1.54% 2.07% 2.63% -0.71% 0.05%
0.16% 0.69% 0.90% 0.21% -0.05% 0.63%
0.19% 0.45% 0.44% 0.15% 0.73% -0.88%
0.49% 0.77% 0.56% 0.11% -0.60% 0.15%
-0.31% 0.34% 0.12% 0.50% 0.44% 1.35%
0.61% 0.33% -0.16% 1.21% 0.00% 0.32%
0.43% -0.90% -0.65% -0.65% -0.12% -0.03%
1.42% 0.48% 0.35% 0.80% 0.04% 0.39%
-2.91% -2.32% -2.60% -1.52% -0.32% -0.88%
0.09% 1.37% 1.22% -0.35% 0.28% 0.16%
2.58% 0.73% 1.49% 1.62% 0.08% 0.99%
-0.58% -0.36% -0.54% 0.54% -0.20% 0.58%
-0.45% 0.26% -0.54% -0.22% -0.16% -0.13%
-1.64% -0.38% -1.00% -1.34% 0.12% 0.11%
-0.36% 0.09% 0.65% 1.06% -0.12% 0.59%
-2.03% -0.55% -1.36% -0.60% 0.28% -1.25%
-1.58% -1.74% -2.10% -1.59% 0.00% -1.51%
10.57% 3.19% 3.42% 5.28% -0.97% -1.33%
2.83% 0.98% 1.12% 2.75% -0.24% 1.39%
2.75% 0.95% 1.41% 2.14% 0.12% 1.30%
-1.86% -0.73% -2.02% 0.03% -0.24% -0.41%
5.90% 2.57% 3.15% 3.59% 0.24% 1.75%
-1.80% 0.61% -0.14% -1.31% -0.37% -0.51%
0.07% -0.36% -0.14% -0.25% 0.08% 0.64%
0.03% -0.22% -0.75% -0.70% 0.58% 0.27%
0.20% 1.58% 2.24% 1.88% -0.20% 0.79%
 0.01% -0.07% 0.39% -0.59% 0.20% 0.10%
-1.37% 0.25% -0.18% -0.53% 0.00% -0.14%
1.28% 0.69% 1.23% 1.42% -0.08% 0.47%
0.31% 0.36% 0.18% 0.51% 0.08% -0.15%
0.97% 0.87% 1.12% 0.32% 0.32% 0.50%
0.70% 1.87% 1.40% 0.81% 0.08% 0.27%
-0.23% 1.18% 0.63% 0.10% 0.24% 0.55%
-0.39% 0.71% 0.83% 0.20% -0.69% -0.29%
-2.11% 0.00% -0.17% -1.61% 0.21% -1.49%
2.18% 0.03% 0.63% 0.63% 0.16% 0.90%
-3.05% -1.24% -1.35% -2.30% 0.16% -0.29%
2.56% 0.97% 1.18% 2.44% -0.08% 1.09%
-1.91% -0.01% -0.22% -0.71% 0.04% -0.44%
-1.39% -1.05% -0.95% -1.58% 0.48% 0.23%
2.93% 0.76% 1.29% 1.15% -0.08% 0.44%
1.35% 0.98% 1.83% 0.81% -0.20% 0.59%
-0.14% 1.02% 0.74% -0.41% -0.28% -0.61%
-1.22% -0.12% 0.08% -1.02% 0.32% 0.89%
-1.29% -0.32% -0.17% -0.39% 0.37% 0.23%
1.21% 1.55% 1.91% 1.18% 0.00% 0.44%
1.74% 1.57% 1.34% 0.84% -0.16% 0.01%
1.53% -0.92% -1.12% 0.27% 0.11% 0.13%
-1.37% 0.23% 0.08% 0.37% -0.12% -0.19%
0.00% 0.67% 0.82% -0.95% 0.28% 0.06%
0.06% -1.18% -1.71% 0.23% -0.24% 0.22%
0.29% 0.51% 0.53% -0.12% 0.04% -0.89%
0.88% 1.21% 2.03% 1.67% 0.24% 1.49%
0.74% 0.22% 0.83% 0.11% 0.08% 0.23%
-0.35% -0.61% -0.26% -0.17% 0.04% 0.20%
-1.21% 0.78% -0.02% -0.12% -0.08% -0.46%
-2.77% -0.65% -1.17% -1.99% 0.28% -0.91%
-1.51% -0.57% -0.47% -1.12% 0.00% 0.16%
1.19% 0.64% 0.88% 1.06% 0.16% 0.86%
2.34% 1.40% 1.89% 0.87% -0.20% 0.11%
-0.88% -0.43% -0.34% -1.08% 0.23% -0.18%
2.65% 1.55% 1.10% 2.30% -0.24% 0.71%
1.65% -0.56% -0.26% 0.37% 0.32% 0.02%
3.15% -0.04% 0.28% 0.82% -0.28% 0.37%
1.50% 1.50% 1.73% 1.25% 0.04% -0.41%
-0.68% 0.40% 0.59% 0.11% -0.05% 0.33%
0.52% 1.08% 0.62% 0.51% 0.12% 0.41%
0.27% -0.24% 0.79% -0.79% -0.08% -0.25%
-1.65% 0.44% 0.56% 0.27% -0.12% -0.55%
-0.80% 0.25% 0.11% -0.24% 0.11% -0.58%
1.75% -0.71% -0.11% 0.52% -0.24% 0.41%
 1.98% 1.02% 1.24% 0.41% 0.12% 0.46%
1.20% 1.73% 0.64% 2.73% -0.33% -0.56%
-1.00% 0.40% 0.26% 0.59% 0.20% 0.39%
0.50% 0.82% 1.12% -0.26% 0.00% -0.16%
0.56% -0.34% -0.42% 0.93% 0.00% -0.24%
0.02% -0.02% -0.02% 0.49% 0.08% 0.72%
1.37% 2.30% 3.07% 1.48% -0.20% 0.81%
2.18% 1.62% 1.48% 2.21% 0.12% -0.44%
0.63% 0.36% 1.35% -0.02% -0.04% -0.05%
0.37% 1.28% 2.37% 1.80% -0.20% 0.25%
-3.56% -3.81% -3.62% -4.65% 0.00% -1.75%
-4.34% -4.82% -4.94% -4.13% 0.03% -1.06%
4.30% 4.44% 5.07% 4.05% 0.00% 1.77%
0.56% 0.21% 1.07% -0.34% -0.20% -0.07%
-1.40% -2.16% -1.73% -2.36% -0.12% -0.74%
4.10% 3.17% 4.07% 3.56% 0.33% 0.77%
-0.13% -1.44% -1.02% -0.82% -0.21% -0.31%
-4.92% -6.19% -6.58% -5.05% 0.21% -1.03%
1.92% 2.53% 2.02% 3.17% 0.04% 0.85%
-0.32% -1.10% -1.74% -0.98% -0.08% -0.43%
1.94% 1.66% 2.24% 1.27% -0.01% 1.61%
1.04% -0.05% 0.62% 1.20% -0.04% -0.46%

Small Caps Large Caps Growth Value Corporates High Yield

wi 7.10% 0.00% 15.47% 0.00% 77.43% 0.00%

Rendimiento esperado 0.25% 0.19% 0.23% 0.20% 0.06% 0.07%

Semanal Anual
Rendimiento promedio 0.10% 5.45%
Varianza 0.00% 0.15%
Desviacion Estandar 0.53% 3.83%
rf 1.25%
Ratio Sharpe 1.096985089

1.
Semanal Anual
Rendimiento promedio 0.17% 9.06%
Varianza 0.02% 0.89%
Desviacion Estandar 1.31% 9.42%

2. Max rendimiento Varianza Minima

Semanal Anual Semanal Anual
Rendimiento promedio 0.25% 13.79% Rendimiento 0.07% 3.76%
Varianza 0.05% 2.60% Varianza 0.00% 0.09%
Desviacion Estandar 2.23% 16.11% Desviacion Es 0.41% 2.95%

3. Rendimiento max. Desv de 10%

Semanal Anual
Rendimiento promedio 0.19% 10.47% Small Caps Large Caps
Varianza 0.02% 1.00% wi 14.15% 0.00%
Desviacion Estandar 1.39% 10.00%

4. Optimo
Semanal Anual
Rendimiento promedio 0.10% 5.45% Small Caps Large Caps
Varianza 0.00% 0.15% wi 7.10% 0.00%
Desviacion Estandar 0.53% 3.83%
rf 1.25%
Ratio Sharpe 1.096985093

5.
Desv objetivo 10%
Wp 161.38%
wf -61.38%
Rc 12.22%
100.00%
Growth Value Corporates High Yield
59.87% 0.00% 25.98% 0.00%

Growth Value Corporates High Yield

15.46% 0.00% 77.44% 0.00%
Date GS CAT VZ INTC NKE SP 500
5/1/2013 151.634766 73.34993 38.594589 20.765038 28.086779 1630.73999
6/1/2013 141.94986 70.520233 40.075329 20.917484 29.201805 1606.28003
7/1/2013 153.944046 70.879272 39.39069 20.149158 28.853289 1685.72998
8/1/2013 142.775726 71.054848 38.101398 18.97508 28.807436 1632.96997
9/1/2013 148.967972 71.795197 37.530434 19.980181 33.532845 1681.55005
10/1/2013 151.463181 71.760773 40.618435 21.331371 34.973137 1756.54004
11/1/2013 159.071213 73.338295 40.354996 20.782179 36.533455 1805.81006
12/1/2013 167.453247 78.721626 39.964626 22.842106 36.302635 1848.35999
1/1/2014 155.040222 81.408974 39.053753 21.592657 33.84119 1782.58997
2/1/2014 157.241287 84.610985 39.116432 21.78623 36.372898 1859.44995
3/1/2014 155.307648 86.705093 39.108208 22.926685 34.521671 1872.33997
4/1/2014 151.487732 91.966576 38.417625 23.708382 34.09634 1883.94995
5/1/2014 151.478271 89.725822 41.530499 24.267998 35.94722 1923.56995
6/1/2014 159.251907 95.37812 40.674278 27.68392 36.475922 1960.22998
7/1/2014 164.416367 88.426834 41.912876 30.36272 36.278355 1930.67004
8/1/2014 170.351242 96.334511 41.860065 31.285517 36.94627 2003.37
9/1/2014 175.134583 87.466827 42.002899 31.40344 42.209671 1972.29004
10/1/2014 181.259567 89.568947 42.221363 30.672915 43.993656 2018.05005
11/1/2014 179.752151 89.530373 42.982895 33.595009 46.984291 2067.56006
12/1/2014 185.513565 81.458397 39.745796 32.943806 45.498425 2058.8999
1/1/2015 165.012604 71.170403 38.836685 29.993473 43.904701 1994.98999
2/1/2015 181.646896 74.382973 42.511364 30.184114 46.222492 2104.5
3/1/2015 180.469757 71.807831 41.806423 28.590294 48.028019 2067.88989
4/1/2015 188.582581 77.954071 43.36245 29.760607 47.314754 2085.51001
5/1/2015 197.962769 77.188812 42.982582 31.506918 48.669472 2107.38989
6/1/2015 201.084229 76.736481 40.522209 28.014259 51.992336 2063.11011
7/1/2015 197.501511 71.136391 40.678707 26.660509 55.457855 2103.84009
8/1/2015 182.226852 69.081482 40.471676 26.282936 108.412857 1972.18005
9/1/2015 167.92392 59.677052 38.272602 27.986982 59.188099 1920.03003
10/1/2015 181.202469 66.643631 41.236954 31.441248 63.38821 2079.36011
11/1/2015 183.637817 67.074524 40.498405 32.286247 63.992924 2080.40991
12/1/2015 174.773056 62.74445 41.184525 32.214443 60.471096 2043.93994
1/1/2016 156.66835 57.463425 44.525978 29.007025 60.288563 1940.23999
2/1/2016 145.002609 63.286968 45.759178 27.669825 59.88023 1932.22998
3/1/2016 152.888428 71.550751 48.780926 30.51697 59.763561 2059.73999
4/1/2016 159.832611 72.653824 45.948597 28.564262 57.45153 2065.30005
5/1/2016 155.323273 68.444366 46.397163 29.800034 53.825485 2096.94995
6/1/2016 145.300537 71.559326 50.900143 31.20874 53.805984 2098.86011
7/1/2016 155.304749 78.119644 50.50819 33.1688 54.256451 2173.6001
8/1/2016 165.719666 78.10025 48.182224 34.148827 56.348499 2170.94995
9/1/2016 158.327164 84.599869 47.859962 36.190861 51.470306 2168.27002
10/1/2016 174.987518 79.539322 44.287502 33.429813 49.1922 2126.1499
11/1/2016 215.288437 91.874809 46.468353 33.266834 49.084366 2198.81006
12/1/2016 235.809219 89.163559 49.709026 35.035267 50.701885 2238.83008
 1/1/2017 225.833252 91.970955 45.639553 35.56654 52.045761 2278.87012
2/1/2017 244.288315 93.703484 46.710609 34.967651 56.236969 2363.63989
3/1/2017 226.818497 89.922768 45.88237 35.090805 54.830063 2362.71997
4/1/2017 220.973251 99.132202 43.209427 35.16864 54.685089 2384.19995
5/1/2017 208.591644 103.054199 44.419796 35.129723 52.296749 2411.80005
6/1/2017 219.834839 105.038445 42.534046 33.067795 58.228119 2423.40991
7/1/2017 223.232941 111.382202 46.096012 34.763329 58.476101 2470.30005
8/1/2017 221.65773 115.671387 46.285133 34.371296 52.296745 2471.6499
9/1/2017 235.785095 122.779633 47.751743 37.600975 51.522522 2519.36011
10/1/2017 241.043762 133.697968 46.188641 44.917767 54.642693 2575.26001
11/1/2017 246.173187 139.794037 49.691639 44.27594 60.038391 2584.84009
12/1/2017 254.04686 156.066208 51.683605 45.848949 62.154942 2673.61011
1/1/2018 267.140137 161.216248 52.796757 47.815605 68.014267 2823.81006
2/1/2018 262.194 153.855362 47.14677 48.957859 66.827858 2713.83008
3/1/2018 251.860001 146.641678 47.225777 52.080002 66.239639 2640.87012
4/1/2018 251.960007 152.482269 47.304783 51.529999 66.089996 2670.13989

GS CAT VZ INTC NKE

1.33161151 1.34752716 0.62803585 0.9403072 1.33161151
GS 1.33161151 0.1458% 0.1476% 0.0688% 0.1030% 0.1458%
CAT 1.34752716 0.1476% 0.1493% 0.0696% 0.1042% 0.1476%
VZ 0.62803585 0.0688% 0.0696% 0.0324% 0.0486% 0.0688%
INTC 0.9403072 0.1030% 0.1042% 0.0486% 0.0727% 0.1030%
NKE 1.33161151 0.1458% 0.1476% 0.0688% 0.1030% 0.1458%
GS CAT VZ INTC NKE SP 500
-0.063869957 -0.03857805 0.038366518 0.007341475 0.039699319 -0.0149993
0.084495934 0.005091291 -0.0170838 -0.03673128 -0.01193474 0.04946208
-0.072547918 0.002477113 -0.03273088 -0.05826933 -0.00158918 -0.03129802
0.04337044 0.010419402 -0.01498538 0.052969526 0.164034349 0.029749523
0.01674997 -0.00047947 0.082279917 0.067626514 0.042951679 0.044595753
0.05023024 0.021983069 -0.0064857 -0.02574574 0.044614757 0.028049472
0.052693595 0.073404093 -0.0096734 0.099119876 -0.00631804 0.023562792
-0.074128303 0.034137354 -0.02279198 -0.05469938 -0.06780348 -0.03558291
0.014196735 0.039332408 0.001604942 0.008964761 0.074811435 0.04311703
-0.012297273 0.024749836 -0.00021024 0.052347515 -0.05089578 0.006932166
-0.024595801 0.060682514 -0.01765826 0.034095509 -0.0123207 0.006200789
-6.24539E-05 -0.02436487 0.081027237 0.023604141 0.054283832 0.02103028
0.051318489 0.062995221 -0.02061668 0.140758294 0.01470773 0.019058332
0.032429502 -0.07288135 0.030451628 0.096763753 -0.00541637 -0.01507983
0.036096619 0.089426214 -0.00126002 0.030392435 0.01841084 0.037655295
0.028079285 -0.09205096 0.003412178 0.003769252 0.142460957 -0.01551384
0.034973013 0.02403334 0.005201165 -0.02326258 0.04226484 0.023201461
-0.008316339 -0.00043066 0.018036651 0.095266263 0.067978779 0.024533589
0.032051989 -0.09015908 -0.07531133 -0.01938392 -0.03162474 -0.00418859
-0.110509229 -0.12629753 -0.02287314 -0.08955653 -0.03502811 -0.03104081
0.100806191 0.045139129 0.094618761 0.006356083 0.052791408 0.054892511
-0.006480369 -0.03462005 -0.01658241 -0.05280327 0.039061654 -0.01739611
0.044953925 0.085592893 0.037219807 0.040933927 -0.01485102 0.00852082
0.049740479 -0.00981679 -0.0087603 0.058678608 0.028632041 0.010491382
0.015767914 -0.00586006 -0.05724116 -0.11085372 0.068274092 -0.02101167
-0.017817001 -0.0729782 0.00386203 -0.04832361 0.06665442 0.01974203
-0.077339454 -0.02888689 -0.00508942 -0.01416226 0.954869279 -0.06258082
-0.078489706 -0.13613532 -0.05433612 0.06483469 -0.45404908 -0.02644283
0.079074792 0.116737988 0.077453631 0.123424026 0.070962086 0.082983118
0.013439927 0.006465629 -0.01790988 0.026875492 0.00953985 0.000504869
-0.048273069 -0.06455616 0.016941902 -0.00222398 -0.05503465 -0.01753019
-0.1035898 -0.08416721 0.081133703 -0.0995646 -0.00301852 -0.05073532
-0.074461377 0.101343472 0.027696191 -0.04609918 -0.00677298 -0.00412836
0.05438398 0.130576377 0.066035889 0.102897109 -0.00194837 0.065991115
0.045419939 0.015416652 -0.05806222 -0.06398761 -0.0386863 0.002699398
-0.028212878 -0.05793856 0.009762344 0.043262872 -0.06311486 0.015324602
-0.064528231 0.045510831 0.097052917 0.047271959 -0.0003623 0.000910921
0.068851858 0.091676632 -0.00770043 0.062804842 0.008372061 0.035609801
0.067061162 -0.00024826 -0.04605126 0.029546652 0.038558512 -0.00121924
-0.044608478 0.083221488 -0.0066884 0.059798072 -0.08657184 -0.00123445
0.105227389 -0.05981743 -0.07464402 -0.0762913 -0.04426059 -0.01942568
0.230307393 0.15508665 0.049243035 -0.00487526 -0.0021921 0.034174522
0.095317623 -0.02951027 0.069739356 0.053159041 0.032953853 0.018200762
-0.042305246 0.031485912 -0.08186588 0.015163949 0.026505445 0.017884358
 0.081719866 0.018837784 0.023467715 -0.01683855 0.080529287 0.03719816
-0.071513114 -0.04034766 -0.01773128 0.003521941 -0.02501746 -0.0003892
-0.025770588 0.10241493 -0.05825643 0.002218102 -0.00264406 0.009091209
-0.056032153 0.0395633 0.028011688 -0.00110658 -0.04367443 0.011576251
0.053900505 0.019254393 -0.04245292 -0.05869468 0.113417566 0.004813775
0.015457523 0.06039462 0.083743879 0.05127448 0.004258801 0.019348826
-0.007056356 0.038508711 0.004102763 -0.0112772 -0.10567319 0.000546433
0.063735043 0.061452069 0.031686416 0.093964423 -0.01480442 0.019302979
0.022302797 0.088926272 -0.03273393 0.194590486 0.060559361 0.022188135
0.021280057 0.045595824 0.075841114 -0.01428893 0.098745097 0.003720043
0.031984283 0.116401038 0.040086543 0.035527399 0.035253293 0.034342557
0.051538826 0.032999072 0.021537816 0.042894244 0.094269656 0.056178704
-0.01851514 -0.04565846 -0.1070139 0.023888728 -0.01744353 -0.03894737
-0.03941356 -0.04688614 0.001675767 0.063772049 -0.008802 -0.0268845
0.00039707 0.039828997 0.001672942 -0.01056073 -0.00225912 0.011083383

covar (i,mdo) 0.001095118 0.001108207 0.000516497 0.000773309 -0.00037637 0.0008224

Beta 1.33161151 1.347527157 0.628035855 0.940307204 -0.45764509

Rf 1.50%
Rm-Rf 6%

Re 9.49% 9.59% 5.27% 7.14% -1.25%

wi 44% 20% 17% 19% 0% 100%

Monthly Annual
Rportafolio 8.33%
Var portafolio 0.11% 1.28%
desv 3.27% 11.32%
rf 1.50%
Ratio Sharpe 0.603975089

Portfolio Beta 1.139062246

Market risk 0.11%
Total Risk 0.11%
Unique Risk 0.00%