Performance, Returns & Volatility

MAC Solar Index Returns and Volatility vs S&P 500 and Russell 2000:
  SUNIDX S&P 500 Russell 2000
  Return Standard
Deviation
Sharpe
Ratio
Return Standard
Deviation
Sharpe
Ratio
Return Standard
Deviation
Sharpe
Ratio
2005
(Apr-Dec)
96.9% 38.9% 2.41 5.7% 10.2% 0.26 9.5% 16.2% 0.39
2006 40.2% 39.4% 0.90 13.6% 9.8% 0.88 17.0% 17.0% 0.71
2007 162.7% 34.5% 4.58 3.5% 15.7% -0.06 -2.7% 20.0% -0.36
2008
(to 04/17/2008)
-25.3% 57.3% -0.48 -7.0% 23.2% -0.38 -7.6% 28.6% -0.33

Note on backcast data: The inception date for the MAC Global Solar Energy Index was March 31, 2008, with a base of 1000.00. The data illustrated above includes back-cast simulated data for the period of March 31, 2005 through March 30, 2008. Live data then begins on March 31, 2008. The back-cast data uses the same methodology as the index uses going foward, i.e., with the same minimum investability criteria and solar revenue exposure requirements.