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Analisi performance

Portafoglio: BETA 50-50 Benchmark: FIDMBILC Dt inizio: 10/28/2009 Dt fine: 01/02/2012 Valuta: EUR

Periodo: 1 G Dati stor: Rend tot TR Week: Port Default



Rend tot: 24.451 Benchmark: 2.245 Analisi performance

25.00 Performance: Giornaliero Portafoglio Benchmark

Total Return 1 Mesi 2.31 2.05

Total Return MTD 0.29 0.48

Total Return QTD 0.29 0.48

20.00 Total Return YTD 0.29 0.48

Total Return 3 Mesi 5.25 4.42

Total Return 6 Mesi 5.24 -4.10

Total Return 1 Anno 5.09 -4.97

15.00 Total Return 2 Anno 18.33 -0.87

Total Return 3 Anno -- 10.35



Risk: Settimanale

10.00 Standard Deviation 1 Anni 7.73 10.27

Semivariance 1 Anno 7.20 10.20

Beta 1 Anno 0.55 --

Correlation 1 Anno 0.72 --

5.00

R-Squared 1 Anno 0.52 --

Information Ratio 1 Anno 1.43 --

Sharpe Ratio vs Risk Free 1 Anno 0.35 -0.69

Tracking Error 1 Anno 7.04 --

0.00









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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

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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 01/05/2012 09:10:09 1

Analisi performance

Portafoglio: BETA 50-50 Benchmark: FIDMBILC Dt inizio: 10/28/2009 Dt fine: 01/02/2012 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 330 238 568 Portafoglio Benchmark +/- Portafoglio Benchmark +/-

% 58.10 41.90 100.00 01/02/2012 0.29 0.48 -0.20 24.45 2.24 22.21

Media 0.30 -0.33 0.04 12/30/2011 0.22 0.29 -0.07 24.10 1.75 22.34

1.00 Dev standard 0.23 0.30 0.41 12/29/2011 0.05 0.38 -0.33 23.83 1.46 22.37

Sequenza mass 11 7 11 12/28/2011 0.29 -0.22 0.51 23.76 1.08 22.69

Sequenza media 2.66 1.93 2.30 12/27/2011 0.15 0.01 0.14 23.41 1.30 22.11

0.50 12/26/2011 0.03 0.00 0.03 23.22 1.29 21.93

12/23/2011 0.20 0.45 -0.25 23.19 1.29 21.90

12/22/2011 0.30 0.38 -0.08 22.94 0.83 22.11

0.00 12/21/2011 0.07 0.15 -0.08 22.57 0.44 22.13

12/20/2011 0.45 0.85 -0.40 22.49 0.29 22.19

12/19/2011 0.07 -0.13 0.20 21.94 -0.55 22.49

Migliori-Peggiori 12/16/2011 -0.02 0.05 -0.07 21.86 -0.42 22.28

-0.50

Performance Data 12/15/2011 0.21 0.11 0.11 21.88 -0.47 22.35

Migliore 1 1.47 05/10/2010 12/14/2011 -0.63 -0.50 -0.12 21.62 -0.57 22.20

Migliore 2 1.20 11/30/2011 12/13/2011 0.63 0.08 0.54 22.39 -0.07 22.46

-1.00 Migliore 3 1.16 05/06/2011 12/12/2011 0.20 -0.42 0.62 21.63 -0.15 21.78

Peggiore 1 -1.44 08/05/2011 12/09/2011 -0.12 -0.73 0.61 21.39 0.27 21.12

Peggiore 2 -1.44 07/01/2010 12/08/2011 0.03 0.00 0.03 21.54 1.01 20.53

-1.50 Peggiore 3 -1.25 09/22/2011 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

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12/05/2011 0.14 0.76 -0.61 21.82 0.95 20.87

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12/02/2011 0.27 0.53 -0.26 21.65 0.19 21.46

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12/01/2011 0.54 0.69 -0.14 21.31 -0.34 21.65

11/30/2011 1.20 1.49 -0.28 20.66 -1.02 21.67

11/29/2011 0.23 0.59 -0.36 19.22 -2.47 21.69

11/28/2011 0.76 1.41 -0.64 18.95 -3.04 21.99

11/25/2011 0.45 -0.05 0.50 18.05 -4.38 22.43

Analisi periodo relativo Analisi periodo 11/24/2011 -0.02 -0.32 0.30 17.52 -4.34 21.86

1.50

Positiva Negativa Coerente Incoerente 11/23/2011 -0.36 -0.82 0.46 17.54 -4.03 21.57

Numero 292 276 447 121 11/22/2011 -0.04 -0.58 0.54 17.96 -3.24 21.20

% 51.41 48.59 78.70 21.30 11/21/2011 -0.96 -1.13 0.16 18.01 -2.68 20.69

1.00 Differenza media 0.28 -0.22 0.01 0.12 11/18/2011 -0.35 -0.39 0.04 19.16 -1.57 20.73

Differenza dev std 0.24 0.21 0.28 0.48 11/17/2011 -0.45 -0.59 0.14 19.58 -1.18 20.76

Sequenza mass 10 8 21 4 11/16/2011 -0.12 -0.16 0.05 20.11 -0.60 20.71

0.50

Sequenza media 1.95 1.83 4.47 1.22 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

0.00 11/11/2011 0.19 0.91 -0.72 19.93 -0.01 19.94

11/10/2011 -0.42 -0.41 0.00 19.70 -0.91 20.61

11/09/2011 -0.44 -0.72 0.28 20.20 -0.50 20.70

-0.50

11/08/2011 0.23 0.14 0.09 20.73 0.22 20.51

11/07/2011 0.30 -0.22 0.52 20.45 0.08 20.37

-1.00 11/04/2011 0.12 -0.10 0.22 20.09 0.30 19.79

Migliori-Peggiori 11/03/2011 0.18 0.63 -0.45 19.95 0.41 19.54

Differenza Perf fondo Perf indice Data 11/02/2011 -0.70 -1.16 0.46 19.73 -0.22 19.95

-1.50 Migliore 1 1.18 -0.18 -1.36 08/04/2011 11/01/2011 0.28 0.00 0.28 20.57 0.95 19.62

Migliore 2 1.13 -0.20 -1.33 09/05/2011 10/31/2011 0.33 -0.70 1.03 20.24 0.95 19.29

Migliore 3 1.09 0.22 -0.87 08/10/2011 10/28/2011 0.38 0.12 0.26 19.84 1.66 18.18

-2.00

Peggiore 1 -1.60 -0.45 1.15 10/27/2011 10/27/2011 -0.45 1.15 -1.60 19.39 1.54 17.85

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Peggiore 3 -1.06 -0.56 0.50 10/10/2011

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10/24/2011 0.27 0.75 -0.48 19.51 0.32 19.20

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 01/05/2012 09:10:09 2

Analisi performance

Portafoglio: BETA 50-50 Benchmark: FIDMBILC Dt inizio: 10/28/2009 Dt fine: 01/02/2012 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

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-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 292 Periodi in rialzo --- Retta di regressione

O 276 Periodi in ribasso --- Retta di breakeven

6.00

Indicatori tracking

Total Bull Bear 4.00

Alpha 0.04 0.09 0.03

Beta 0.63 0.50 0.65

Correlation 0.69 0.49 0.54 2.00

Mean Excess Return 9.41 -13.26 47.90

Information Ratio 1.73 -2.75 8.51 0.00

Jensen Alpha 9.61 26.62 -2.45

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R-Squared 0.47 0.24 0.29

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Sortino Ratio Vs Index 1.28 -2.91 6.75

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Tracking Error 5.44 4.83 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 01/05/2012 09:10:09 3

Analisi performance

Portafoglio: BETA 50-50 Benchmark: FIDMBILC Dt inizio: 10/28/2009 Dt fine: 01/02/2012 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 2.85

Average -0.84 1.79 1.60 0.51 1.06 -1.18 0.62 -0.17 0.44 1.05 1.25 2.77









4.00









2.00









0.00









-2.00

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









2011 2010 2009









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 ® Seasonality 01/05/2012 09:10:09 4



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