111104 beta by Intermarketandmore

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									                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                                Benchmark: FIDMBILC                                                                                                                                                                                                                          Dt inizio: 10/28/2009                                                                                                                                                                            Dt fine: 10/31/2011                                                                                        Valuta: EUR
Periodo: 1 G                                                                                                                                                                                                                                                                                                                                                                                                           Dati stor: Rend tot                                                                                                                                                                                                                                                                                                                     TR Week: Port Default

                                                                                                                                                                                                                                      Rend tot: 20.239 Benchmark: 0.947                                                                                                                                                                                                                                                                                                                                                                                                                                          Analisi performance
     25.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Performance: Giornaliero                                                                 Portafoglio                       Benchmark
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return 1 Mesi                                                                            1.68                              3.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return MTD                                                                               1.68                              3.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return QTD                                                                               1.68                              3.09
     20.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Total Return YTD                                                                               1.53                             -6.17
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return 3 Mesi                                                                            0.73                             -3.50
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return 6 Mesi                                                                            2.13                             -6.18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return 1 Anno                                                                            5.49                             -4.37
     15.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Total Return 2 Anno                                                                           20.10                              1.17
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Total Return 3 Anno                                                                                --                            6.87

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Risk: Settimanale
     10.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Standard Deviation 1 Anni                                                                             7.19                       8.34
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Semivariance 1 Anno                                                                                   7.57                       9.02
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Beta 1 Anno                                                                                           0.57                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Correlation 1 Anno                                                                                    0.66                          --
      5.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         R-Squared 1 Anno                                                                                      0.44                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Information Ratio 1 Anno                                                                              1.47                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Sharpe Ratio vs Risk Free 1 Anno                                                                      0.60                      -0.56
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Tracking Error 1 Anno                                                                                 6.39                          --
      0.00




     -5.00
                        11                     12              12                 1/              2/                 3/              3/              4/              5/                  5/              6/                 7/                 8/                     8/              9/              10                 10                 11              12                 1/                 1/              2/                 3/              4/              4/              5/                6/              6/              7/                8/              9/              9/              10
                             /1                     /5                 /2              18              9/                 3/              25              16              8/                  30              21                 13                 4/                     26              17                 /9                 /3              /2                 /1              5/                 27              18                 12              3/              25              17                8/              30              22                13              4/              26                 /1
                                     3/                  /2                 7/              /2              20                 20              /2              /2              20                  /2              /2                 /2                 20                     /2              /2                 /2                 1/              2/                 4/              20                 /2              /2                 /2              20              /2                /2              20              /2              /2                /2              20              /2                 8/
                                          20                  00                 20              01              10                 10              01              01              10                  01              01                 01                 10                     01              01                 01                 20              20                 20              11                 01              01                 01              11              01                01              11              01              01                01              11              01                 20
                                               09                  9                  09              0                                                  0               0                                   0                  0                  0                                      0               0                  0                  10              10                 10                                 1               1                  1                               1                 1                               1               1                 1                               1                  11


                                                                                                                                                                                                                                                               FIDMBILC                                                                          BETA 50-50




                                                                                                                                                      Performance vs Benchmark                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Distribuzione rendimento
     25.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       140


     20.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       120

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 100
     15.00


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Periodictà
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  80
     10.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  60
      5.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  40

      0.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        20

     -5.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             0
             11              12                 1/                 2/              3/              4/                5/              6/              7/              8/              9/                 10              11                 12                 1/                2/              3/                 4/              5/                6/              7/                 8/              9/                10                                                                                                                   -1                  -1                   -1                   -0                      -0        -0          -0           -0        0.                   0.        0.       0.        0.       1.       1.          1.       1.
                  /1                 /2              2/                 2/              5/                5/              6/              6/              7/              7/              7/                 /8                 /8                 /9              9/                9/              12                 12              13                13              14                 14              14                 /1                                                                                                                  .5                  .3                   .1                   .9                      .7        .5          .3           .1        09                    3        5        7         9        1        3           5        7
                       /2                 /2              20                 20              20                20              20              20              20              20              20                 /2                 /2                 /2              20                20              /2                 /2              /2                /2              /2                 /2              /2                 5/
                            00                 00              10                 10              10                10              10              10              10              10              10                 01                 01                 01              11                11              01                 01              01                01              01                 01              01                 20                                                                                                                                                                                                                                                99
                                 9                  9                                                                                                                                                                       0                  0                  0                                                 1                  1               1                 1               1                  1               1                  11                                                                                                                                                                                                                                                99
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      99
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ...



The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®                           Performance                                                         11/04/2011 10:16:10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                1
                                                                                                                                                                                                                                                                                                                                                                                             Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                    Benchmark: FIDMBILC                                                                            Dt inizio: 10/28/2009                                 Dt fine: 10/31/2011                                        Valuta: EUR
Periodo: 1 G                                                                                                                                                                                                                                                                                Dati stor: Rend tot                                                                                                  TR Week: Port Default

                                                                                   Analisi periodo assoluto                                                                                                                                                            Analisi periodo                                                         1 G Return
                                                                                                                                                                                                                                                                                                       Positiva        Negativa         Tot                        Performance periodica                   Performance cumulativa
       1.50
                                                                                                                                                                                                                                                                       Numero                              300             223         523                  Portafoglio Benchmark            +/-     Portafoglio Benchmark            +/-
                                                                                                                                                                                                                                                                       %                                 57.36           42.64       100.00    10/31/2011          0.33       -0.70         1.03          20.24         0.95        19.29
                                                                                                                                                                                                                                                                       Media                              0.31            -0.33        0.04    10/28/2011          0.38        0.12         0.26          19.84         1.66        18.18
       1.00                                                                                                                                                                                                                                                            Dev standard                       0.23             0.30        0.41    10/27/2011         -0.45        1.15        -1.60          19.39         1.54        17.85
                                                                                                                                                                                                                                                                       Sequenza mass                         10               6          10    10/26/2011          0.62        0.21         0.41          19.93         0.39        19.54
                                                                                                                                                                                                                                                                       Sequenza media                     2.56             1.92        2.24    10/25/2011         -0.27       -0.14        -0.13          19.19         0.18        19.02
       0.50                                                                                                                                                                                                                                                                                                                                    10/24/2011          0.27        0.75        -0.48          19.51         0.32        19.20
                                                                                                                                                                                                                                                                                                                                               10/21/2011          0.13        0.51        -0.38          19.19        -0.43        19.62
                                                                                                                                                                                                                                                                                                                                               10/20/2011         -0.01       -0.53         0.52          19.04        -0.94        19.98
       0.00                                                                                                                                                                                                                                                                                                                                    10/19/2011          0.02        0.05        -0.03          19.05        -0.41        19.46
                                                                                                                                                                                                                                                                                                                                               10/18/2011         -0.26       -0.08        -0.18          19.03        -0.46        19.49
                                                                                                                                                                                                                                                                                                                                               10/17/2011         -0.12       -0.11        -0.01          19.35        -0.37        19.72
                                                                                                                                                                                                                                                                       Migliori-Peggiori                                                       10/14/2011          0.33        0.14         0.19          19.49        -0.27        19.75
      -0.50
                                                                                                                                                                                                                                                                                                              Performance               Data   10/13/2011          0.28       -0.21         0.49          19.10        -0.41        19.51
                                                                                                                                                                                                                                                                       Migliore 1                                     1.47        05/10/2010   10/12/2011         -0.37        0.38        -0.75          18.76        -0.20        18.96
                                                                                                                                                                                                                                                                       Migliore 2                                     1.16        05/06/2011   10/11/2011          0.18        0.19        -0.01          19.21        -0.57        19.78
      -1.00                                                                                                                                                                                                                                                            Migliore 3                                     1.10        08/12/2011   10/10/2011         -0.56        0.50        -1.06          19.00        -0.76        19.76
                                                                                                                                                                                                                                                                       Peggiore 1                                    -1.44        08/05/2011   10/07/2011          0.67        0.30         0.38          19.67        -1.25        20.92
                                                                                                                                                                                                                                                                       Peggiore 2                                    -1.44        07/01/2010   10/06/2011          0.17        1.07        -0.90          18.87        -1.54        20.41
      -1.50                                                                                                                                                                                                                                                            Peggiore 3                                    -1.25        09/22/2011   10/05/2011          1.04        0.84         0.20          18.67        -2.58        21.25
              11             12             2/             3/             5/             6/             8/             9/             11             12             2/             3/             5/             6/             8/             9/
                   /1             /3             13             30             14             28             12             26             /1             /2             8/             25             9/             23             7/             21                                                                                         10/04/2011         -0.98       -0.85        -0.13          17.45        -3.39        20.84
                        5/             0/             /2             /2             /2             /2             /2             /2             0/             5/             20             /2             20             /2             20             /2
                             20             20             01             01             01             01             01             01             20             20             11             01             11             01             11             01                                                                               10/03/2011          0.31       -0.49         0.80          18.61        -2.56        21.17
                                  09             09             0              0              0              0              0              0              10             10                            1                             1                             1
                                                                                                                                                                                                                                                                                                                                               09/30/2011         -0.34       -0.15        -0.19          18.25        -2.08        20.33
                                                                                                                                                                                                                                                                                                                                               09/29/2011         -0.05        0.10        -0.15          18.65        -1.93        20.58
                                                                                                                                                                                                                                                                                                                                               09/28/2011         -0.46       -0.24        -0.22          18.72        -2.02        20.74
                                                                                                                                                                                                                                                                                                                                               09/27/2011          0.92        1.33        -0.41          19.27        -1.79        21.05
                                                                                                                                                                                                                                                                                                                                               09/26/2011          0.50        0.61        -0.11          18.18        -3.07        21.26
                                                                                                                                                                                                                                                                                                                                               09/23/2011          0.38       -0.28         0.66          17.59        -3.66        21.25
                                                                                   Analisi periodo relativo                                                                                                                                                            Analisi periodo                                                         09/22/2011         -1.25       -1.54         0.29          17.15        -3.39        20.54
       1.50
                                                                                                                                                                                                                                                                                               Positiva     Negativa    Coerente Incoerente    09/21/2011         -0.69       -0.65        -0.04          18.63        -1.88        20.51
                                                                                                                                                                                                                                                                       Numero                      267          256          411        112    09/20/2011          0.24        0.14         0.10          19.46        -1.24        20.70
                                                                                                                                                                                                                                                                       %                         51.05        48.95        78.59      21.41    09/19/2011         -0.02       -0.51         0.49          19.18        -1.38        20.56
       1.00                                                                                                                                                                                                                                                            Differenza media           0.28         -0.22        0.01       0.11    09/16/2011          0.80        0.64         0.15          19.20        -0.88        20.08
                                                                                                                                                                                                                                                                       Differenza dev std         0.24          0.21        0.28       0.49    09/15/2011         -0.13        0.61        -0.74          18.26        -1.51        19.77
                                                                                                                                                                                                                                                                       Sequenza mass                  6            7          21          4    09/14/2011          0.21        0.44        -0.23          18.41        -2.10        20.52
       0.50
                                                                                                                                                                                                                                                                       Sequenza media             1.85          1.78        4.47       1.22    09/13/2011         -0.14        0.00        -0.14          18.16        -2.54        20.70
                                                                                                                                                                                                                                                                                                                                               09/12/2011         -0.57       -1.00         0.43          18.33        -2.54        20.86
       0.00                                                                                                                                                                                                                                                                                                                                    09/09/2011          0.20       -0.68         0.88          19.00        -1.56        20.55
                                                                                                                                                                                                                                                                                                                                               09/08/2011          0.61        0.49         0.12          18.76        -0.88        19.64
                                                                                                                                                                                                                                                                                                                                               09/07/2011          0.44        1.09        -0.65          18.04        -1.36        19.40
      -0.50
                                                                                                                                                                                                                                                                                                                                               09/06/2011          0.13       -0.39         0.53          17.52        -2.42        19.94
                                                                                                                                                                                                                                                                                                                                               09/05/2011         -0.20       -1.33         1.13          17.36        -2.03        19.40
      -1.00                                                                                                                                                                                                                                                                                                                                    09/02/2011         -0.53       -0.85         0.32          17.59        -0.71        18.31
                                                                                                                                                                                                                                                                       Migliori-Peggiori                                                       09/01/2011          0.53        0.35         0.18          18.22         0.14        18.08
                                                                                                                                                                                                                                                                                             Differenza Perf fondo Perf indice       Data      08/31/2011          0.72        0.85        -0.13          17.60        -0.21        17.81
      -1.50                                                                                                                                                                                                                                                            Migliore 1                   1.18      -0.18      -1.36 08/04/2011      08/30/2011          0.59        0.56         0.03          16.76        -1.05        17.81
                                                                                                                                                                                                                                                                       Migliore 2                   1.13      -0.20      -1.33 09/05/2011      08/29/2011          0.79        0.50         0.29          16.08        -1.60        17.68
                                                                                                                                                                                                                                                                       Migliore 3                   1.09       0.22      -0.87 08/10/2011      08/26/2011         -0.50       -0.21        -0.28          15.16        -2.09        17.25
      -2.00
              11             12             2/             3/             5/             6/             8/             9/             11             12             2/             3/             5/             6/             8/             9/                      Peggiore 1                  -1.60      -0.45       1.15 10/27/2011
                   /1             /3             13             30             14             28             12             26             /1             /2             8/             25             9/             23             7/             21                                                                                         08/25/2011         -0.33       -0.23        -0.10          15.73        -1.88        17.62
                        5/             0/             /2             /2             /2             /2             /2             /2             0/             5/             20             /2             20             /2             20             /2            Peggiore 2                  -1.10       1.47       2.56 05/10/2010
                             20             20             01             01             01             01             01             01             20             20             11             01             11             01             11             01                                                                               08/24/2011          0.58        0.48         0.11          16.12        -1.66        17.78
                                  09             09             0              0              0              0              0              0              10             10                            1                             1                             1   Peggiore 3                  -1.06      -0.56       0.50 10/10/2011      08/23/2011          0.09        0.38        -0.29          15.44        -2.13        17.57
                                                                                                                                                                                                                                                                                                                                               08/22/2011          0.07        0.05         0.02          15.34        -2.50        17.84
                                                                                                                                                                                                                                                                                                                                                                                                   History limited to maximum 51 dates.

The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®                       Periodo                                  11/04/2011 10:16:10                                                                                                                                                                                                                                                                                                                                          2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Analisi performance
Portafoglio: BETA 50-50                                                              Benchmark: FIDMBILC                                                                   Dt inizio: 10/28/2009                                                                                                                                                                                         Dt fine: 10/31/2011                                                                                                                                                                                      Valuta: EUR
Periodo: 1 G                                                                                                                            Dati stor: Rend tot                                                                                                                                                                                                                                                                                                                                                                                              TR Week: Port Default

                                                           Tracking                                                                                                                                                                                                                Mean Return Sett: 52 Sett Annualized
                        2
                                                                                                                               25.00


                                                                                                                               20.00

                   1.
                        2                                                                                                      15.00


                                                                                                                               10.00


                   0.                                                                                                           5.00
                        4
      BETA 50-50




                                                                                                                                0.00


                   -0                                                                                                           -5.00
                        .4

                                                                                                                               -10.00
                                                                                                                                           11              12              1/              2/              3/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11              12              1/              2/              3/              3/              4/              5/              6/              7/              8/              9/              9/              10
                                                                                                                                                /2              /1              12              7/              5/              31              26              22              17              13              8/              3/              29                 /2              /2              /1              11              6/              4/              30              25              21              16              12              7/              2/              28                 /2
                                                                                                                                                     1/              7/              /2              20              20              /2              /2              /2              /2              /2              20              20              /2                 5/              0/              6/              /2              20              20              /2              /2              /2              /2              /2              20              20              /2                 4/
                                                                                                                                                          20              20              01              10              10              01              01              01              01              01              10              10              01                 20              20              20              01              11              11              01              01              01              01              01              11              11              01                 20
                                                                                                                                                               09              09              0                                               0               0               0               0               0                                               0                  10              10              10              1                                               1               1               1               1               1                                               1                  11
                   -1
                        .2
                                                                                                                                                                                                                                                                                                           BETA 50-50                                                                         FIDMBILC




                                                                                                                                                                                                                                                                   Standard Deviation Sett: 52 Sett Annualized
                    -2
                                                                                                                               14.00


                             -3        -2          -1            0               1          2            3        4
                                                                                                                               12.00

                                                                     FIDMBILC
                                                                                                                               10.00
Se la maggioranza dei ritorni supera la linea breakeven, il fondo ha battuto il benchmark.
                                                                                                                                8.00
1ma osservzne 10/29/2009                                O 267 Periodi in rialzo             --- Retta di regressione
                                                        O 256 Periodi in ribasso            --- Retta di breakeven
                                                                                                                                6.00
Indicatori tracking
                                                                         Total                    Bull                  Bear    4.00
Alpha                                                                    0.03                     0.09                  0.01
Beta                                                                     0.65                     0.51                  0.65
Correlation                                                              0.68                     0.47                  0.53    2.00
Mean Excess Return                                                       9.10                   -11.25                 42.46
Information Ratio                                                        1.68                    -2.33                  7.45    0.00
Jensen Alpha                                                             9.05                    27.74                 -4.35               11              12              1/              2/              3/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11              12              1/              2/              3/              3/              4/              5/              6/              7/              8/              9/              9/              10
                                                                                                                                                /2              /1              12              7/              5/              31              26              22              17              13              8/              3/              29                 /2              /2              /1              11              6/              4/              30              25              21              16              12              7/              2/              28                 /2
R-Squared                                                                0.46                     0.22                  0.28                         1/              7/              /2              20              20              /2              /2              /2              /2              /2              20              20              /2                 5/              0/              6/              /2              20              20              /2              /2              /2              /2              /2              20              20              /2                 4/
                                                                                                                                                          20              20              01              10              10              01              01              01              01              01              10              10              01                 20              20              20              01              11              11              01              01              01              01              01              11              11              01                 20
Sortino Ratio Vs Index                                                   1.23                    -2.41                  5.98                                   09              09              0                                               0               0               0               0               0                                               0                  10              10              10              1                                               1               1               1               1               1                                               1                  11
Tracking Error                                                           5.42                     4.82                  5.70
                                                                                                                                                                                                                                                                                                           BETA 50-50                                                                         FIDMBILC




The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®                  Tracking - Statistiche scorrevoli        11/04/2011 10:16:10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 3
                                                                                                                                                                                                                                                               Analisi performance
Portafoglio: BETA 50-50                                                    Benchmark: FIDMBILC                                                       Dt inizio: 10/28/2009                                                 Dt fine: 10/31/2011                                                  Valuta: EUR
Periodo: 1 G                                                                                                                          Dati stor: Rend tot                                                                                                                          TR Week: Port Default

Seasonality
Anno                                     Gen                    Feb                     Mar                     Apr                   Mag                      Giu                   Lug                     Ago                     Set                     Ott                   Nov                     Dic
2009                                        --                     --                      --                     --                     --                      --                     --                      --                     --                      --                  1.25                   3.76
2010                                     0.08                   1.85                    3.93                   0.81                   0.00                   -0.40                  -0.04                    1.15                   0.34                    0.42                   2.15                   1.71
2011                                    -1.76                   1.72                   -0.72                   0.20                   2.11                   -1.95                   1.28                   -1.49                   0.55                    1.68                      --                     --
Average                                 -0.84                   1.79                    1.60                   0.51                   1.06                   -1.18                   0.62                   -0.17                   0.44                    1.05                   1.70                   2.73




    4.00




    2.00




    0.00




    -2.00
                               Gen                   Feb                  Mar                   Apr                    Mag                  Giu                 Lug                   Ago                   Set                  Ott                  Nov                   Dic




                                                                                                                                     2011             2010              2009




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Bloomberg ®        Seasonality        11/04/2011 10:16:10                                                                                                                                                                                                                                                     4

								
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