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KCM ETF Mispricing Indexes

12/23/2010 Daily WTD MTD QTD YTD
(Click Index for Chart) Return Return Return Return Return
ETF Market Neutral Index -0.50% 0.97% -0.19% 17.41% 36.04%
ETF Undervalue Index -0.40% 0.24% 3.43% 13.90% 24.30%
Russell 3000 -0.17% 0.58% 6.38% 11.05% 16.21%
ETF Overvalue Index 0.10% -0.73% 3.62% -3.51% -11.74%