| Year | Long Backtest
Total Return | S&P Value Index
Total Return | Long Backtest
Excess Return |
| 1996 | 33.715.807.800,00% | 21.992.939.979.182.900,00% | 11.722.867.820.817.100,00% |
| 1997 | 63.104.708.544.414.900,00% | 29.984.869.516.196.800,00% | 33.119.839.028.218.100,00% |
| 1998 | 34.460.351.480.609.100,00% | 14.674.943.133.894.700,00% | 19.785.408.346.714.400,00% |
| 1999 | 10.364.197.734.586.600,00% | 12.723.481.809.712.400,00% | -235.928.407.512.584,00% |
| 2000 | 25.588.062.776.175.900,00% | 608.214.365.314.135,00% | 19.505.919.123.034.600,00% |
| 2001 | 29.384.942.861.484.500,00% | -11.709.042.077.971.400,00% | 41.093.984.939.455.900,00% |
| 2002 | 584.910.688.578.282,00% | -20.852.958.580.248.300,00% | 26.702.065.466.031.100,00% |
| 2003 | 7.130.152.146.786.700,00% | 31.789.287.957.933.300,00% | 39.512.233.509.933.600,00% |
| 2004 | 30.412.357.231.516.400,00% | 15.705.940.774.602.100,00% | 14.706.416.456.914.300,00% |
| 2005 | 28.951.068.926.008.500,00% | 5.820.049.349.954.300,00% | 23.131.019.576.054.200,00% |
| 2006 | 26.959.663.460.677.100,00% | 20.799.237.338.115.300,00% | 616.042.612.256.182,00% |
| 2007 | 27.735.758.600.934.100,00% | 199.340.966.084.143,00% | 25.742.348.940.092.700,00% |
| 2008 | -40.223.209.983.062.800,00% | -39.222.992.517.226.800,00% | -100.021.746.583.596,00% |
| 2009 | 81.312.481.040.212.500,00% | 21.175.544.871.010.200,00% | 60.136.936.169.202.300,00% |
| 2010 | 2.197.512.256.704.900,00% | 15.100.475.745.599.200,00% | 6.874.646.821.449.800,00% |
| 2011 | 284.748.778.162.063,00% | -48.470.678.978.570,50% | 333.219.457.140.633,00% |
| 2012 | 2.498.125.833.069.700,00% | 17.683.433.803.619.600,00% | 729.782.452.707.737,00% |
| 2013 | 33.020.890.771.641.200,00% | 31.985.648.678.490.700,00% | 103.524.209.315.042,00% |
| 2014 | 776.010.602.585.677,00% | 12.356.137.251.844.100,00% | -459.603.122.598.735,00% |
| 2015 | 393.432.504.963.349,00% | -313.443.006.999.923,00% | 706.875.511.963.272,00% |
| 2016 | 15.674.323.029.245.800,00% | 936.204.368.458.617,00% | 631.227.934.465.963,00% |
| Average Linked Annual Ret. | 23.054.517.956.557.600,00% | 778.098.974.412.300,00% | 15.273.528.212.434.600,00% |
| Average Annual Return | 25.671.920.589.664.300,00% | 922.978.367.492.825,00% | 16.442.136.914.736.100,00% |
| Longitudinal Std.Dev. | 25.715.632.040.066.500,00% | 17.476.733.695.184.100,00% | 16.719.141.341.345.600,00% |
| Sharpe Ratio (20-yr) | 112.479.153.391.216,00 | 122.816.655.772.786,00 | 411.806.505.179.027,00 |
| T-Stat for the Mean Return | 435.148.968.388.562,00 | 230.201.449.604.053,00 | 428.668.026.449.174,00 |
| Probability Total (Excess) Ret < 0 | 34.086.825.061.173.500,00% | 20.111.647.398.651.500,00% | 33.709.170.228.169.400,00% |