Sierra's HYCB Program GROWTH OF $100
PERFORMANCE GRAPH
| 1st | 2nd | 3rd | 4th | Full | Cumul. | ||||
| Quarter | Quarter | Quarter | Quarter | Year | Return | ||||
| 1995 | 3.36% | 5.13% | 3.01% | 2.98% | 15.29% | 15.29% | |||
| 1996 | 3.39% | 1.46% | 4.86% | 3.13% | 13.44% | 30.79% | |||
| 1997 | 1.18% | 5.31% | 6.36% | 0.31% | 13.68% | 48.68% | |||
| 1998 | 4.98% | -0.15% | -0.26% | 3.53% | 8.24% | 60.93% | |||
| 1999 | 3.33% | 0.94% | -0.43% | 3.37% | 7.36% | 72.78% | |||
| 2000 | 0.47% | 0.27% | -0.49% | 3.60% | 3.85% | 79.43% | |||
| 2001 | 1.40% | 0.75% | -2.07% | 3.67% | 3.72% | 86.11% | |||
| 2002 | 1.53% | 0.28% | 0.59% | 8.80% | 11.42% | 107.36% | |||
| 2003 | 6.99% | 11.42% | 2.31% | 6.14% | 29.44% | 168.40% | |||
| 2004 | 0.58% | -0.91% | 1.42% | 3.88% | 5.00% | 181.83% | |||
| 2005 | -0.23% | 2.03% | 1.96% | -0.24% | 3.54% | 191.79% | |||
| 2006 | 3.08% | -0.12% | 1.74% | 4.89%. | 9.87% | 220.59% | |||
| 2007 | 2.21% | 0.97% | 2.21% | -1.31% | 4.10% | 233.75% | |||
| 2008 | -0.84% | 0.81% | -1.47% | -1.50% | 228.75% | ||||
| Average annualized compounded return | 9.0% | after all fees | |||||||
Cautions regarding this performance data: See Performance Info