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					                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                                    Benchmark: FIDMBILC                                                                                                                                                                                                                          Dt inizio: 10/28/2009                                                                                                                                                                                Dt fine: 12/19/2011                                                                                        Valuta: EUR
Periodo: 1 G                                                                                                                                                                                                                                                                                                                                                                                                          Dati stor: Rend tot                                                                                                                                                                                                                                                                                                                              TR Week: Port Default

                                                                                                                                                                                                                                         Rend tot: 21.944 Benchmark: -0.550                                                                                                                                                                                                                                                                                                                                                                                                                                              Analisi performance
     25.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Performance: Giornaliero                                                                 Portafoglio                       Benchmark
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return 1 Mesi                                                                            2.33                              1.03
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return MTD                                                                               1.07                              0.47
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return QTD                                                                               3.13                              1.56
     20.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return YTD                                                                               2.97                             -7.56
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return 3 Mesi                                                                            2.32                              0.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return 6 Mesi                                                                            3.77                             -5.32
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return 1 Anno                                                                            2.89                             -7.30
     15.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 2 Anno                                                                           17.00                             -2.70
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Total Return 3 Anno                                                                                --                            9.18

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Risk: Settimanale
     10.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Standard Deviation 1 Anni                                                                             7.73                      10.15
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Semivariance 1 Anno                                                                                   7.17                      10.08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Beta 1 Anno                                                                                           0.55                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Correlation 1 Anno                                                                                    0.72                          --
      5.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 R-Squared 1 Anno                                                                                      0.52                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Information Ratio 1 Anno                                                                              1.58                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Sharpe Ratio vs Risk Free 1 Anno                                                                      0.32                      -0.81
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Tracking Error 1 Anno                                                                                 7.02                          --
      0.00




     -5.00
                            11                 12               1/              1/              2/                  3/                 4/                   5/                 5/              6/                 7/                     8/               9/              9/              10                  11                12               12                 1/               2/                 3/                 4/                   4/              5/                 6/                   7/               8/                 8/              9/                 10                 11              12
                                 /1                  /1              4/              28                 21                 17                 10                 4/                 28                 21                 15                  8/               1/              25                 /1               /1                 /6                 /3              23                 16                 12                 5/                 29                 23                 16                 10                 3/              27                 20                 /1              /7                 /1
                                      7/                  1/              20              /2                 /2                 /2                 /2                 20                 /2                 /2                 /2                  20               20              /2                 9/               2/                 /2                 0/              /2                 /2                 /2                 20                 /2                 /2                 /2                 /2                 20              /2                 /2                 4/              /2                 /2
                                           20                  20              10              01                 01                 01                 01                 10                 01                 01                 01                  10               10              01                 20               20                 01                 20              01                 01                 01                 11                 01                 01                 01                 01                 11              01                 01                 20              01                 01
                                                09                  09                              0                  0                  0                  0                                     0                  0                  0                                                    0                  10               10                 0                  10              1                  1                  1                                     1                  1                  1                  1                                  1                  1                  11              1                  1


                                                                                                                                                                                                                                                                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/              11                 12                 1/              2/              3/              4/                5/              6/              7/                 8/              9/                10               12                                                                                                                             -1                      -1                      -1                  -0                 -0        -0          -0           -0        0.                   0.        0.       0.        0.       1.       1.          1.       1.
                  /3                 /6              8/              10              15              17                20              22                25                 27                29                 /1                 /4              6/              8/              13              15                18              20                 23              25              27                 /3              /2                                                                                                                             .5                      .3                      .1                  .9                 .7        .5          .3           .1        09                    3        5        7         9        1        3           5        7
                       /2                 /2              20              /2              /2              /2                /2                /2                 /2              /2                /2                 /2                 /2              20              20              /2              /2                /2              /2                 /2              /2              /2                 0/               /2
                            00                 00              10              01              01              01                01                01                 01              01                01                 01                 01              11              11              01              01                01              01                 01              01              01                 20               01                                                                                                                                                                                                                                                           99
                                 9                  9                               0               0               0                 0                 0                  0               0                 0                  0                  0                                               1               1                 1               1                  1               1               1                  11               1                                                                                                                                                                                                                                                            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                                                    12/22/2011 10:52:10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             1
                                                                                                                                                                                                                                                                                                                                                                                                            Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                      Benchmark: FIDMBILC                                                                                         Dt inizio: 10/28/2009                                 Dt fine: 12/19/2011                                        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                              320             238         558                  Portafoglio Benchmark            +/-     Portafoglio Benchmark            +/-
                                                                                                                                                                                                                                                                                      %                                 57.35           42.65       100.00    12/19/2011          0.07       -0.13         0.20          21.94        -0.55        22.49
                                                                                                                                                                                                                                                                                      Media                              0.31            -0.33        0.04    12/16/2011         -0.02        0.05        -0.07          21.86        -0.42        22.28
       1.00                                                                                                                                                                                                                                                                           Dev standard                       0.23             0.30        0.41    12/15/2011          0.21        0.11         0.11          21.88        -0.47        22.35
                                                                                                                                                                                                                                                                                      Sequenza mass                         10               7          10    12/14/2011         -0.63       -0.50        -0.12          21.62        -0.57        22.20
                                                                                                                                                                                                                                                                                      Sequenza media                     2.58             1.93        2.26    12/13/2011          0.63        0.08         0.54          22.39        -0.07        22.46
       0.50                                                                                                                                                                                                                                                                                                                                                   12/12/2011          0.20       -0.42         0.62          21.63        -0.15        21.78
                                                                                                                                                                                                                                                                                                                                                              12/09/2011         -0.12       -0.73         0.61          21.39         0.27        21.12
                                                                                                                                                                                                                                                                                                                                                              12/08/2011          0.03        0.00         0.03          21.54         1.01        20.53
       0.00                                                                                                                                                                                                                                                                                                                                                   12/07/2011         -0.15        0.00        -0.15          21.49         1.01        20.49
                                                                                                                                                                                                                                                                                                                                                              12/06/2011         -0.12        0.06        -0.17          21.68         1.01        20.68
                                                                                                                                                                                                                                                                                                                                                              12/05/2011          0.14        0.76        -0.61          21.82         0.95        20.87
                                                                                                                                                                                                                                                                                      Migliori-Peggiori                                                       12/02/2011          0.27        0.53        -0.26          21.65         0.19        21.46
      -0.50
                                                                                                                                                                                                                                                                                                                             Performance               Data   12/01/2011          0.54        0.69        -0.14          21.31        -0.34        21.65
                                                                                                                                                                                                                                                                                      Migliore 1                                     1.47        05/10/2010   11/30/2011          1.20        1.49        -0.28          20.66        -1.02        21.67
                                                                                                                                                                                                                                                                                      Migliore 2                                     1.20        11/30/2011   11/29/2011          0.23        0.59        -0.36          19.22        -2.47        21.69
      -1.00                                                                                                                                                                                                                                                                           Migliore 3                                     1.16        05/06/2011   11/28/2011          0.76        1.41        -0.64          18.95        -3.04        21.99
                                                                                                                                                                                                                                                                                      Peggiore 1                                    -1.44        08/05/2011   11/25/2011          0.45       -0.05         0.50          18.05        -4.38        22.43
                                                                                                                                                                                                                                                                                      Peggiore 2                                    -1.44        07/01/2010   11/24/2011         -0.02       -0.32         0.30          17.52        -4.34        21.86
      -1.50                                                                                                                                                                                                                                                                           Peggiore 3                                    -1.25        09/22/2011   11/23/2011         -0.36       -0.82         0.46          17.54        -4.03        21.57
              11             1/             2/             4/             5/             7/             8/             10             11             1/             3/             4/             6/             7/             9/             10             12
                   /1             3/             19             7/             24             10             26             /1             /2             14             2/             18             4/             21             6/             /2             /9                                                                                         11/22/2011         -0.04       -0.58         0.54          17.96        -3.24        21.20
                        7/             20             /2             20             /2             /2             /2             2/             8/             /2             20             /2             20             /2             20             3/             /2
                             20             10             01             10             01             01             01             20             20             01             11             01             11             01             11             20             01                                                                               11/21/2011         -0.96       -1.13         0.16          18.01        -2.68        20.69
                                  09                            0                             0              0              0              10             10             1                             1                             1                             11             1
                                                                                                                                                                                                                                                                                                                                                              11/18/2011         -0.35       -0.39         0.04          19.16        -1.57        20.73
                                                                                                                                                                                                                                                                                                                                                              11/17/2011         -0.45       -0.59         0.14          19.58        -1.18        20.76
                                                                                                                                                                                                                                                                                                                                                              11/16/2011         -0.12       -0.16         0.05          20.11        -0.60        20.71
                                                                                                                                                                                                                                                                                                                                                              11/15/2011          0.22       -0.42         0.64          20.25        -0.43        20.69
                                                                                                                                                                                                                                                                                                                                                              11/14/2011          0.05        0.00         0.05          19.99        -0.01        20.00
                                                                                                                                                                                                                                                                                                                                                              11/11/2011          0.19        0.91        -0.72          19.93        -0.01        19.94
                                                                                    Analisi periodo relativo                                                                                                                                                                          Analisi periodo                                                         11/10/2011         -0.42       -0.41         0.00          19.70        -0.91        20.61
       1.50
                                                                                                                                                                                                                                                                                                              Positiva     Negativa    Coerente Incoerente    11/09/2011         -0.44       -0.72         0.28          20.20        -0.50        20.70
                                                                                                                                                                                                                                                                                      Numero                      289          269          438        120    11/08/2011          0.23        0.14         0.09          20.73         0.22        20.51
                                                                                                                                                                                                                                                                                      %                         51.79        48.21        78.49      21.51    11/07/2011          0.30       -0.22         0.52          20.45         0.08        20.37
       1.00                                                                                                                                                                                                                                                                           Differenza media           0.28         -0.22        0.01       0.12    11/04/2011          0.12       -0.10         0.22          20.09         0.30        19.79
                                                                                                                                                                                                                                                                                      Differenza dev std         0.24          0.22        0.28       0.48    11/03/2011          0.18        0.63        -0.45          19.95         0.41        19.54
                                                                                                                                                                                                                                                                                      Sequenza mass                 10            8          21          4    11/02/2011         -0.70       -1.16         0.46          19.73        -0.22        19.95
       0.50
                                                                                                                                                                                                                                                                                      Sequenza media             1.94          1.81        4.47       1.22    11/01/2011          0.28        0.00         0.28          20.57         0.95        19.63
                                                                                                                                                                                                                                                                                                                                                              10/31/2011          0.33       -0.70         1.03          20.24         0.95        19.29
       0.00                                                                                                                                                                                                                                                                                                                                                   10/28/2011          0.38        0.12         0.26          19.84         1.66        18.18
                                                                                                                                                                                                                                                                                                                                                              10/27/2011         -0.45        1.15        -1.60          19.39         1.54        17.85
                                                                                                                                                                                                                                                                                                                                                              10/26/2011          0.62        0.21         0.41          19.93         0.39        19.54
      -0.50
                                                                                                                                                                                                                                                                                                                                                              10/25/2011         -0.27       -0.14        -0.13          19.19         0.18        19.02
                                                                                                                                                                                                                                                                                                                                                              10/24/2011          0.27        0.75        -0.48          19.51         0.32        19.20
      -1.00                                                                                                                                                                                                                                                                                                                                                   10/21/2011          0.13        0.51        -0.38          19.19        -0.43        19.62
                                                                                                                                                                                                                                                                                      Migliori-Peggiori                                                       10/20/2011         -0.01       -0.53         0.52          19.04        -0.94        19.98
                                                                                                                                                                                                                                                                                                            Differenza Perf fondo Perf indice       Data      10/19/2011          0.02        0.05        -0.03          19.05        -0.41        19.46
      -1.50                                                                                                                                                                                                                                                                           Migliore 1                   1.18      -0.18      -1.36 08/04/2011      10/18/2011         -0.26       -0.08        -0.18          19.03        -0.46        19.49
                                                                                                                                                                                                                                                                                      Migliore 2                   1.13      -0.20      -1.33 09/05/2011      10/17/2011         -0.12       -0.11        -0.01          19.35        -0.37        19.72
                                                                                                                                                                                                                                                                                      Migliore 3                   1.09       0.22      -0.87 08/10/2011      10/14/2011          0.33        0.14         0.19          19.49        -0.27        19.75
      -2.00
              11             1/             2/             4/             5/             7/             8/             10             11             1/             3/             4/             6/             7/             9/             10             12                      Peggiore 1                  -1.60      -0.45       1.15 10/27/2011
                   /1             3/             19             7/             24             10             26             /1             /2             14             2/             18             4/             21             6/             /2             /9                                                                                         10/13/2011          0.28       -0.21         0.49          19.10        -0.41        19.51
                        7/             20             /2             20             /2             /2             /2             2/             8/             /2             20             /2             20             /2             20             3/             /2            Peggiore 2                  -1.10       1.47       2.56 05/10/2010
                             20             10             01             10             01             01             01             20             20             01             11             01             11             01             11             20             01                                                                               10/12/2011         -0.37        0.38        -0.75          18.76        -0.20        18.96
                                  09                            0                             0              0              0              10             10             1                             1                             1                             11             1   Peggiore 3                  -1.06      -0.56       0.50 10/10/2011      10/11/2011          0.18        0.19        -0.01          19.21        -0.57        19.78
                                                                                                                                                                                                                                                                                                                                                              10/10/2011         -0.56        0.50        -1.06          19.00        -0.76        19.76
                                                                                                                                                                                                                                                                                                                                                                                                                  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                                      12/22/2011 10:52:10                                                                                                                                                                                                                                                                                                                                                     2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Analisi performance
Portafoglio: BETA 50-50                                                            Benchmark: FIDMBILC                                                                                Dt inizio: 10/28/2009                                                                                                                                                                                        Dt fine: 12/19/2011                                                                                                                                                                                  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


                                                                                                                               15.00
                    1.2

                                                                                                                               10.00


                                                                                                                                5.00
                    0.4
       BETA 50-50




                                                                                                                                0.00


                                                                                                                               -5.00

                    -0.4
                                                                                                                              -10.00
                                                                                                                                       10              11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11
                                                                                                                                            /2              /2              /2              21              18              18              15              13              10              8/              5/              2/              30                 /2              /2              /2              20              17              17              14              12              9/              7/              4/              1/              29                 /2              /2
                                                                                                                                                 9/              6/              4/              /2              /2              /2              /2              /2              /2              20              20              20              /2                 8/              5/              3/              /2              /2              /2              /2              /2              20              20              20              20              /2                 7/              4/
                                                                                                                                                      20              20              20              01              01              01              01              01              01              10              10              10              01                 20              20              20              01              01              01              01              01              11              11              11              11              01                 20              20
                                                                                                                                                           09              09              09              0               0               0               0               0               0                                                               0                  10              10              10              1               1               1               1               1                                                                               1                  11              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 289 Periodi in rialzo             --- Retta di regressione
                                                      O 269 Periodi in ribasso            --- Retta di breakeven
                                                                                                                                6.00
Indicatori tracking
                                                                       Total                    Bull                  Bear      4.00
Alpha                                                                  0.04                     0.09                  0.02
Beta                                                                   0.64                     0.50                  0.65
Correlation                                                            0.69                     0.49                  0.54      2.00
Mean Excess Return                                                     9.97                   -12.71                 47.34
Information Ratio                                                      1.83                    -2.61                  8.41      0.00
Jensen Alpha                                                           9.58                    27.15                 -2.85             10              11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              9/              10                 11
                                                                                                                                            /2              /2              /2              21              18              18              15              13              10              8/              5/              2/              30                 /2              /2              /2              20              17              17              14              12              9/              7/              4/              1/              29                 /2              /2
R-Squared                                                              0.47                     0.24                  0.29                       9/              6/              4/              /2              /2              /2              /2              /2              /2              20              20              20              /2                 8/              5/              3/              /2              /2              /2              /2              /2              20              20              20              20              /2                 7/              4/
                                                                                                                                                      20              20              20              01              01              01              01              01              01              10              10              10              01                 20              20              20              01              01              01              01              01              11              11              11              11              01                 20              20
Sortino Ratio Vs Index                                                 1.35                    -2.74                  6.70                                 09              09              09              0               0               0               0               0               0                                                               0                  10              10              10              1               1               1               1               1                                                                               1                  11              11
Tracking Error                                                         5.46                     4.87                  5.63
                                                                                                                                                                                                                                                                                                                      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        12/22/2011 10:52:10                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               3
                                                                                                                                                                                                                                                               Analisi performance
Portafoglio: BETA 50-50                                                    Benchmark: FIDMBILC                                                       Dt inizio: 10/28/2009                                                 Dt fine: 12/19/2011                                                  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                   0.35                      --
Average                                 -0.84                   1.79                    1.60                   0.51                   1.06                   -1.18                   0.62                   -0.17                   0.44                    1.05                   1.25                   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        12/22/2011 10:52:10                                                                                                                                                                                                                                                     4

				
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