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					                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                                   Benchmark: FIDMBILC                                                                                                                                                                                                                          Dt inizio: 10/28/2009                                                                                                                                                                       Dt fine: 02/21/2012                                                                                        Valuta: EUR
Periodo: 1 G                                                                                                                                                                                                                                                                                                                                                                                                        Dati stor: Rend tot                                                                                                                                                                                                                                                                                                                      TR Week: Port Default

                                                                                                                                                                                                                                        Rend tot: 29.124 Benchmark: 8.032                                                                                                                                                                                                                                                                                                                                                                                                                                      Analisi performance
     30.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Performance: Giornaliero                                                                 Portafoglio                       Benchmark
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 1 Mesi                                                                            1.70                              2.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return MTD                                                                               1.45                              2.64
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return QTD                                                                               4.05                              6.17
     25.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return YTD                                                                               4.05                              6.17
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 3 Mesi                                                                            9.41                             11.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 6 Mesi                                                                           12.03                             10.86
     20.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Total Return 1 Anno                                                                            8.21                             -1.06
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 2 Anno                                                                           20.20                              4.75
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Total Return 3 Anno                                                                                --                           22.61
     15.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Risk: Settimanale
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Standard Deviation 1 Anni                                                                             7.42                      10.51
     10.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Semivariance 1 Anno                                                                                   6.77                      10.64
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Beta 1 Anno                                                                                           0.52                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Correlation 1 Anno                                                                                    0.74                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       R-Squared 1 Anno                                                                                      0.54                          --
      5.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Information Ratio 1 Anno                                                                              1.38                          --
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Sharpe Ratio vs Risk Free 1 Anno                                                                      1.07                      -0.20
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Tracking Error 1 Anno                                                                                 7.05                          --
      0.00



     -5.00
                            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                 11              12              1/              2/
                                 /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              /1              10                 5/
                                      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/              9/              5/              /2                 20
                                           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              20              20              01                 12
                                                09                  09              0                                                        0                  0                  0                  0                  0                                                      0                  10              10              10                  1                                                      1                  1                  1                  1                  1                                                  1                  11              11              11              2


                                                                                                                                                                                                                                                                 FIDMBILC                                                                     BETA 50-50




                                                                                                                                                       Performance vs Benchmark                                                                                                                                                                                                                                                                                                                                                                                                                                                              Distribuzione rendimento
     25.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          160

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    140
     20.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    120
     15.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    100

     10.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Periodictà                    80

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        60
      5.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        40
      0.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        20

     -5.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   0
             11              12                 1/              2/              3/                 5/                6/               7/               8/                 9/                11                 12                 1/              2/              3/                4/              6/              7/              8/                 9/              10                 12              1/                2/                                                                                                                    -1                   -1                   -1                  -0                 -0        -0          -0           -0        0.                   0.        0.       0.        0.       1.       1.          1.       1.
                  /6                 /1              17              22              30                 5/                10               16               21                 26                 /1                 /7                12              17              25                30              5/              11              16                 21                 /2              /2              7/                12                                                                                                                    .5                   .3                   .1                      .9             .7        .5          .3           .1        09                    3        5        7         9        1        3           5        7
                       /2                 2/              /2              /2                 /2              20                /2                /2                 /2              /2                 /2                 /2                /2              /2              /2                /2              20              /2              /2                 /2                 7/              /2              20                /2
                            00                 20              01              01                 01              10                01                01                 01              01                 01                 01                01              01              01                01              11              01              01                 01                 20              01              12                01                                                                                                                                                                                                                                             99
                                 9                  09              0               0                  0                                 0                 0                  0               0                  0                  0                 1               1               1                 1                               1                  1               1                  11              1                                 2                                                                                                                                                                                                                                              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                                                       02/24/2012 03:53:03                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1
                                                                                                                                                                                                                                                                                                                                                                                                            Analisi performance
Portafoglio: BETA 50-50                                                                                                                                                                                     Benchmark: FIDMBILC                                                                                          Dt inizio: 10/28/2009                                Dt fine: 02/21/2012                                         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                              352             252         604                  Portafoglio Benchmark            +/-     Portafoglio Benchmark            +/-
                                                                                                                                                                                                                                                                                      %                                 58.28           41.72       100.00    02/21/2012         -0.09       -0.06        -0.03          29.12         8.03        21.09
                                                                                                                                                                                                                                                                                      Media                              0.30            -0.32        0.04    02/20/2012         -0.31        0.22        -0.53          29.24         8.10        21.14
       1.00                                                                                                                                                                                                                                                                           Dev standard                       0.23             0.29        0.40    02/17/2012         -0.10        0.25        -0.35          29.65         7.87        21.78
                                                                                                                                                                                                                                                                                      Sequenza mass                         18               7          18    02/16/2012          0.02        0.01         0.01          29.78         7.60        22.18
                                                                                                                                                                                                                                                                                      Sequenza media                     2.71             1.94        2.32    02/15/2012          0.35        0.26         0.08          29.75         7.59        22.16
       0.50                                                                                                                                                                                                                                                                                                                                                   02/14/2012          0.49        0.12         0.37          29.30         7.31        22.00
                                                                                                                                                                                                                                                                                                                                                              02/13/2012          0.25       -0.85         1.10          28.67         7.18        21.49
                                                                                                                                                                                                                                                                                                                                                              02/10/2012          0.24        0.74        -0.50          28.35         8.10        20.24
       0.00                                                                                                                                                                                                                                                                                                                                                   02/09/2012         -0.15        0.01        -0.16          28.04         7.31        20.73
                                                                                                                                                                                                                                                                                                                                                              02/08/2012          0.18        0.08         0.10          28.24         7.30        20.94
                                                                                                                                                                                                                                                                                                                                                              02/07/2012         -0.55       -0.30        -0.24          28.01         7.21        20.80
                                                                                                                                                                                                                                                                                      Migliori-Peggiori                                                       02/06/2012         -0.19        0.21        -0.40          28.71         7.54        21.17
      -0.50
                                                                                                                                                                                                                                                                                                                             Performance               Data   02/03/2012          0.70        0.68         0.02          28.96         7.32        21.64
                                                                                                                                                                                                                                                                                      Migliore 1                                     1.47        05/10/2010   02/02/2012          0.28        0.45        -0.17          28.06         6.59        21.46
                                                                                                                                                                                                                                                                                      Migliore 2                                     1.20        11/30/2011   02/01/2012          0.33        0.82        -0.49          27.70         6.11        21.59
      -1.00                                                                                                                                                                                                                                                                           Migliore 3                                     1.16        05/06/2011   01/31/2012          0.50        0.32         0.17          27.28         5.25        22.03
                                                                                                                                                                                                                                                                                      Peggiore 1                                    -1.44        08/05/2011   01/30/2012         -0.22       -0.50         0.27          26.65         4.91        21.74
                                                                                                                                                                                                                                                                                      Peggiore 2                                    -1.44        07/01/2010   01/27/2012         -0.11       -0.06        -0.05          26.94         5.44        21.50
      -1.50                                                                                                                                                                                                                                                                           Peggiore 3                                    -1.25        09/22/2011   01/26/2012          0.39        0.32         0.07          27.07         5.50        21.58
              11             1/             3/             4/             6/             8/             9/             11             1/             2/             4/             6/             7/             9/             11             12             2/
                   /2             11             3/             23             13             3/             23             /1             3/             23             15             5/             26             15             /5             /2             15                                                                                         01/25/2012          0.00        0.07        -0.07          26.58         5.16        21.42
                        1/             /2             20             /2             /2             20             /2             3/             20             /2             /2             20             /2             /2             /2             6/             /2
                             20             01             10             01             01             10             01             20             11             01             01             11             01             01             01             20             01                                                                               01/24/2012         -0.10       -0.09        -0.01          26.58         5.09        21.50
                                  09             0                             0              0                             0              10                            1              1                             1              1              1              11             2
                                                                                                                                                                                                                                                                                                                                                              01/23/2012         -0.20        0.13        -0.34          26.71         5.18        21.53
                                                                                                                                                                                                                                                                                                                                                              01/20/2012          0.02        0.10        -0.08          26.97         5.04        21.93
                                                                                                                                                                                                                                                                                                                                                              01/19/2012         -0.04        0.44        -0.48          26.94         4.93        22.01
                                                                                                                                                                                                                                                                                                                                                              01/18/2012         -0.18        0.11        -0.29          27.00         4.48        22.52
                                                                                                                                                                                                                                                                                                                                                              01/17/2012          0.08        0.40        -0.33          27.23         4.36        22.87
                                                                                                                                                                                                                                                                                                                                                              01/16/2012          0.11        0.12        -0.02          27.13         3.94        23.19
                                                                                   Analisi periodo relativo                                                                                                                                                                           Analisi periodo                                                         01/13/2012          0.49        0.17         0.33          27.00         3.81        23.19
       1.50
                                                                                                                                                                                                                                                                                                              Positiva     Negativa    Coerente Incoerente    01/12/2012         -0.28        0.17        -0.45          26.37         3.64        22.74
                                                                                                                                                                                                                                                                                      Numero                      306          298          471        133    01/11/2012          0.19        0.29        -0.10          26.72         3.46        23.26
                                                                                                                                                                                                                                                                                      %                         50.66        49.34        77.98      22.02    01/10/2012          0.44        0.72        -0.27          26.48         3.16        23.33
       1.00                                                                                                                                                                                                                                                                           Differenza media           0.28         -0.23        0.00       0.11    01/09/2012          0.03       -0.23         0.25          25.92         2.42        23.50
                                                                                                                                                                                                                                                                                      Differenza dev std         0.24          0.21        0.28       0.48    01/06/2012          0.37        0.00         0.37          25.89         2.65        23.24
                                                                                                                                                                                                                                                                                      Sequenza mass                 10            8          21          4    01/05/2012          0.62       -0.27         0.89          25.43         2.65        22.78
       0.50
                                                                                                                                                                                                                                                                                      Sequenza media             1.95          1.89        4.28       1.22    01/04/2012          0.15        0.14         0.01          24.66         2.93        21.72
                                                                                                                                                                                                                                                                                                                                                              01/03/2012          0.02        0.54        -0.52          24.47         2.79        21.68
       0.00                                                                                                                                                                                                                                                                                                                                                   01/02/2012          0.29        0.48        -0.20          24.45         2.24        22.21
                                                                                                                                                                                                                                                                                                                                                              12/30/2011          0.22        0.29        -0.07          24.10         1.75        22.34
                                                                                                                                                                                                                                                                                                                                                              12/29/2011          0.05        0.38        -0.33          23.83         1.46        22.37
      -0.50
                                                                                                                                                                                                                                                                                                                                                              12/28/2011          0.29       -0.22         0.51          23.76         1.08        22.69
                                                                                                                                                                                                                                                                                                                                                              12/27/2011          0.15        0.01         0.14          23.41         1.30        22.11
      -1.00                                                                                                                                                                                                                                                                                                                                                   12/26/2011          0.03        0.00         0.03          23.22         1.29        21.93
                                                                                                                                                                                                                                                                                      Migliori-Peggiori                                                       12/23/2011          0.20        0.45        -0.25          23.19         1.29        21.90
                                                                                                                                                                                                                                                                                                            Differenza Perf fondo Perf indice       Data      12/22/2011          0.30        0.38        -0.08          22.94         0.83        22.11
      -1.50                                                                                                                                                                                                                                                                           Migliore 1                   1.18      -0.18      -1.36 08/04/2011      12/21/2011          0.07        0.15        -0.08          22.57         0.44        22.13
                                                                                                                                                                                                                                                                                      Migliore 2                   1.13      -0.20      -1.33 09/05/2011      12/20/2011          0.45        0.85        -0.40          22.49         0.29        22.19
                                                                                                                                                                                                                                                                                      Migliore 3                   1.10       0.25      -0.85 02/13/2012      12/19/2011          0.07       -0.13         0.20          21.94        -0.55        22.49
      -2.00
              11             1/             3/             4/             6/             8/             9/             11             1/             2/             4/             6/             7/             9/             11             12             2/                      Peggiore 1                  -1.60      -0.45       1.15 10/27/2011
                   /2             11             3/             23             13             3/             23             /1             3/             23             15             5/             26             15             /5             /2             15                                                                                         12/16/2011         -0.02        0.05        -0.07          21.86        -0.42        22.28
                        1/             /2             20             /2             /2             20             /2             3/             20             /2             /2             20             /2             /2             /2             6/             /2            Peggiore 2                  -1.10       1.47       2.56 05/10/2010
                             20             01             10             01             01             10             01             20             11             01             01             11             01             01             01             20             01                                                                               12/15/2011          0.21        0.11         0.11          21.88        -0.47        22.35
                                  09             0                             0              0                             0              10                            1              1                             1              1              1              11             2   Peggiore 3                  -1.06      -0.56       0.50 10/10/2011      12/14/2011         -0.63       -0.50        -0.12          21.62        -0.57        22.20
                                                                                                                                                                                                                                                                                                                                                              12/13/2011          0.63        0.08         0.54          22.39        -0.07        22.46
                                                                                                                                                                                                                                                                                                                                                                                                                  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                                  02/24/2012 03:53:03                                                                                                                                                                                                                                                                                                                                                        2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Analisi performance
Portafoglio: BETA 50-50                                                            Benchmark: FIDMBILC                                                                            Dt inizio: 10/28/2009                                                                                                                                                                                            Dt fine: 02/21/2012                                                                                                                                                                                      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
                    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/              10                 11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              10                 11              12              1/              2/
                                                                                                                                            /3              /3              /3              29              28              30              29              29              28              28              27              26                 /2              /2              /2              24              23              25              24              24              23              23              22              21                 /2              /2              /2              19              18
                                                                                                                                                 1/              0/              0/              /2              /2              /2              /2              /2              /2              /2              /2              /2                 6/              5/              5/              /2              /2              /2              /2              /2              /2              /2              /2              /2                 1/              0/              0/              /2              /2
                                                                                                                                                      20              20              20              01              01              01              01              01              01              01              01              01                 20              20              20              01              01              01              01              01              01              01              01              01                 20              20              20              01              01
                                                                                                                                                           09              09              09              0               0               0               0               0               0               0               0               0                  10              10              10              1               1               1               1               1               1               1               1               1                  11              11              11              2               2

                    -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 306 Periodi in rialzo             --- Retta di regressione
                                                      O 298 Periodi in ribasso            --- Retta di breakeven
                                                                                                                                6.00
Indicatori tracking
                                                                       Total                    Bull                  Bear      4.00
Alpha                                                                  0.03                     0.08                  0.03
Beta                                                                   0.62                     0.50                  0.64
Correlation                                                            0.68                     0.49                  0.53      2.00
Mean Excess Return                                                     7.97                   -14.87                 49.41
Information Ratio                                                      1.46                    -3.09                  8.67      0.00
Jensen Alpha                                                           9.24                    22.75                 -2.64             10              11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              10                 11              12              1/              2/              3/              4/              5/              6/              7/              8/              9/              10                 11              12              1/              2/
                                                                                                                                            /3              /3              /3              29              28              30              29              29              28              28              27              26                 /2              /2              /2              24              23              25              24              24              23              23              22              21                 /2              /2              /2              19              18
R-Squared                                                              0.46                     0.24                  0.28                       1/              0/              0/              /2              /2              /2              /2              /2              /2              /2              /2              /2                 6/              5/              5/              /2              /2              /2              /2              /2              /2              /2              /2              /2                 1/              0/              0/              /2              /2
                                                                                                                                                      20              20              20              01              01              01              01              01              01              01              01              01                 20              20              20              01              01              01              01              01              01              01              01              01                 20              20              20              01              01
Sortino Ratio Vs Index                                                  1.11                   -3.27                  6.94                                 09              09              09              0               0               0               0               0               0               0               0               0                  10              10              10              1               1               1               1               1               1               1               1               1                  11              11              11              2               2
Tracking Error                                                         5.48                     4.81                  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        02/24/2012 03:53:03                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              3
                                                                                                                                                                                                                                                               Analisi performance
Portafoglio: BETA 50-50                                                    Benchmark: FIDMBILC                                                       Dt inizio: 10/28/2009                                                 Dt fine: 02/21/2012                                                  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
2012                                     2.56                      --                      --                     --                     --                      --                     --                      --                     --                      --                     --                     --
Average                                  0.30                   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




                                                                                                                             2012             2011             2010              2009




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Bloomberg ®        Seasonality        02/24/2012 03:53:03                                                                                                                                                                                                                                                     4

				
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