Growth Strategy Equity Fund

Purpose

The Synterein account cash flow history and transactions report presents account cash flow history and identifies transactions that successfully follow a stale price strategy.

A stale price strategy involves buying shares at the end of days on which signal is up and switching to cash at the end of days on which a signal is down. All amounts in this report are shown in thousands of dollars. Positive amounts correspond to cash inflows and negative amounts correspond to cash outflows.

Data

Daily transaction data from the start of 2003 through the present are used in this report. Balance data is as of the end of 2002.

Analysis

Daily cash flows are accumulated from the transaction data and presented in blue (inflows), red (outflows) and black (net flows). Cash inflows and outflows will not appear if equal to net cash flows.

An account buy is successful if the NAV increases on the day following the purchase (or exchange in) of fund shares. An account sell is successful if the NAV decreases on the day following the redemption (or exchange out) of fund shares.

Parameters

Displayed Date Range:

Data Duration

Trailing 12 Months

Last 30 Days

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Holder

Max Inp

Max Out

Dol Vol

Num Vol

Balance

Fund

Murtha

2298.783

2470.590

56093.971

32

18901.747

201

Account Cash Flow History

Account Transactions

Trade Date

Net Amount

Description

Status

17-Jan-2003

2295.883

EXCH FR FND 102

Buy Successful

06-Feb-2003

-1561.480

EXCH TO FND 102

Sell Successful

06-Mar-2003

-2386.778

EXCH TO FND 102

Sell Successful

19-Mar-2003

1097.745

EXCH FR FND 102

Buy Successful

05-May-2003

-2013.269

EXCH TO FND 102

Sell Successful

07-May-2003

1172.399

EXCH FR FND 102

Buy Successful

14-Aug-2003

-2370.013

EXCH TO FND 102

Sell Successful

15-Aug-2003

1979.518

SHARES PURCHASED

Not Successful

04-Sep-2003

1877.844

EXCH FR FND 102

Buy Successful

22-Oct-2003

1720.804

EXCH FR FND 102

Buy Successful

29-Oct-2003

-1496.812

EXCH TO FND 102

Sell Successful

31-Oct-2003

1026.626

EXCH FR FND 102

Buy Successful

03-Nov-2003

2212.621

EXCH FR FND 102

Buy Successful

30-Dec-2003

1186.036

EXCH FR FND 102

Buy Successful

07-Jan-2004

-2245.894

EXCH TO FND 102

Sell Successful

08-Jan-2004

-1620.852

EXCH TO FND 102

Sell Successful

23-Jan-2004

-1816.175

EXCH TO FND 102

Sell Successful

03-Feb-2004

-1685.745

EXCH TO FND 102

Sell Successful

05-Feb-2004

-1271.495

EXCH TO FND 102

Sell Successful

25-Mar-2004

-1516.598

EXCH TO FND 102

Sell Successful

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