Table 1. Performance of Stock Screens on AAII's Web Site. Monthly Variability (%) Monthly Holdings Value Strategies YTD* 2006 2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # Turnover % Cash Rich Firms 2.6 17.2 -2.5 18.6 64.0 -9.4 20.1 40.5 37.1 -3.8 360.1 6.5 17.6 -20.7 32 23.8 Dividend (High Relative Yield) 0.6 14.5 -1.0 19.1 27.9 0.4 24.1 23.3 -2.1 6.3 178.1 4.2 12.5 -12.0 37 21.4 Dividend Screen--DRPs -1.6 20.9 -1.5 17.4 28.3 -1.2 38.9 27.7 -1.1 -4.1 193.5 4.4 15.6 -14.2 30 25.6 Dividend Screen--Non-DRPs -1.6 17.1 7.1 22.8 40.5 28.6 54.7 16.5 -3.6 0.6 378.8 3.7 10.5 -13.6 30 28.9 Dogs of the Dow -0.7 26.8 -9.8 -1.3 20.4 -9.8 -1.2 4.1 5.7 9.8 45.2 5.2 16.1 -15.5 10 6.7 Dogs of the Dow--Low Priced 5 -0.5 34.9 -11.8 6.1 17.6 -6.5 7.2 3.2 -2.0 24.6 86.5 6.2 19.4 -15.8 5 15.3 Dreman 0.6 19.3 18.7 24.2 37.7 8.3 26.4 38.0 -3.0 -1.5 339.7 4.5 12.6 -15.4 22 29.9 Dreman With Est Revisions 0.2 39.8 9.3 35.0 69.2 16.6 -29.9 38.7 6.7 10.7 367.9 6.3 15.2 -25.8 13 80.6 Fundamental Rule of Thumb -1.4 31.0 5.0 49.6 83.3 4.7 42.3 28.7 11.7 -9.4 621.5 7.7 33.8 -19.2 50 22.1 Graham--Defensive Investor (Non-Utility) 9.4 26.6 26.2 11.7 32.7 3.1 61.5 12.0 3.6 9.6 448.1 5.9 15.7 -14.6 17 21.1 Graham--Enterprising Investor 28.1 72.3 21.3 18.9 25.9 43.5 55.3 24.2 -5.0 -7.3 877.1 8.2 33.1 -18.7 5 35.7 Lakonishok 3.8 14.4 14.0 31.2 39.9 -5.2 -3.5 36.7 14.8 7.3 282.8 5.4 16.6 -13.7 28 90.5 Neff -0.6 13.9 7.7 29.5 85.1 15.0 65.2 37.3 17.4 9.3 878.4 6.8 26.8 -20.2 19 34.7 O'Shaughnessy--Value 0.0 24.4 2.2 20.2 47.2 -12.1 10.6 22.3 -3.9 7.2 175.6 5.2 15.5 -14.0 50 18.8 P/E Relative 0.9 21.2 17.2 24.7 51.1 11.1 16.1 20.3 -6.0 26.5 398.0 4.5 14.9 -12.4 35 76.8 Piotroski 0.0 -15.8 -8.5 82.2 154.6 -15.9 100.2 -0.9 27.1 17.9 793.3 8.3 34.3 -17.2 5 29.6 Price-to-Free-Cash-Flow 3.4 26.6 10.6 30.9 61.7 13.6 63.8 17.8 10.0 2.6 657.7 5.8 25.1 -14.4 30 23.6 Weiss Blue Chip Div Yield 4.0 14.2 6.4 16.6 48.9 -14.1 25.6 18.8 3.9 3.3 202.0 5.8 14.3 -14.8 11 26.3 Monthly Variability (%) Monthly Holdings Growth & Value Strategies YTD* 2006 2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # % Turnover Buffett--Hagstrom 3.1 11.3 11.4 27.6 35.2 -8.7 13.9 11.4 31.4 27.5 328.3 5.0 13.2 -15.5 30 22.5 Buffettology--EPS Growth 3.6 8.8 11.9 13.2 32.8 -10.9 25.7 5.9 17.7 4.0 175.5 5.5 15.0 -20.4 45 11.9 Buffettology--Sustainable Growth 1.8 8.7 9.5 17.5 37.6 -11.9 29.7 3.3 14.6 7.4 184.4 5.9 16.5 -18.0 31 14.0 Fisher (Philip) -2.5 -1.2 -11.7 -3.9 78.1 -10.7 70.7 -16.7 5.4 2.6 100.0 9.9 27.1 -27.9 24 32.4 Foolish Small Cap 8 Revised 4.9 44.6 15.3 -3.9 67.8 22.2 29.5 51.5 36.5 12.4 938.3 9.1 28.1 -24.2 7 31.7 Lynch 0.9 15.6 7.8 59.8 59.0 -7.2 39.3 3.2 8.9 1.3 370.3 5.1 18.9 -17.4 22 22.7 Muhlenkamp -3.5 2.0 23.6 31.0 41.2 5.9 43.5 22.2 12.8 -6.6 339.7 5.3 15.1 -17.6 20 25.0 Oberweis Octagon 7.5 24.0 4.1 42.3 67.8 -17.5 20.2 18.4 33.4 15.6 500.4 8.5 23.3 -23.2 19 41.2 O'Shaughnessy--All Cap 6.8 24.1 21.9 47.4 28.7 -11.8 63.7 6.3 -15.3 18.2 371.3 5.5 12.9 -15.0 25 35.2 O'Shaughnessy--Growth 6.5 17.2 14.4 45.1 90.3 10.1 19.2 11.5 19.5 19.4 722.8 6.7 18.6 -17.9 50 38.0 O'Shaughnessy--Growth Market Leaders 3.3 9.6 18.9 6.7 26.2 -8.9 5.7 -9.0 16.8 35.3 150.6 5.2 13.6 -15.7 10 42.9 O'Shaughnessy--Small Cap Growth and Value 10.5 36.2 19.1 26.8 107.5 0.8 13.4 13.2 21.1 33.6 886.7 6.9 18.5 -18.2 25 46.7 O'Shaughnessy--Tiny Titans 2.4 35.2 7.5 45.8 154.8 51.9 84.1 -6.6 53.8 38.1 "2,965.0" 8.9 37.4 -21.0 25 42.5 Price-to-Sales 0.6 16.6 16.9 11.1 69.8 1.3 43.3 23.3 21.1 13.2 534.3 5.8 14.8 -17.8 46 40.2 Stock Market Winners 16.4 -5.5 25.9 9.6 131.5 32.1 41.6 27.6 21.7 -12.0 797.4 6.8 22.0 -23.4 15 59.7 T. Rowe Price 6.0 -11.3 23.1 50.4 39.2 -15.1 8.4 35.2 -4.5 1.8 193.2 6.4 18.3 -18.0 12 33.7 Templeton 3.6 5.3 4.7 21.9 46.8 -32.6 22.0 20.3 8.1 16.2 154.3 5.7 14.3 -18.2 24 27.9 Value on the Move--PEG With Est Growth 0.4 18.3 23.1 54.1 87.0 7.9 34.8 22.9 11.0 2.1 754.3 6.0 15.7 -23.1 48 44.6 Value on the Move--PEG With Hist Growth -0.2 9.1 17.2 32.5 50.1 12.1 22.4 19.4 18.0 1.5 397.8 4.5 12.7 -19.1 98 36.7 Wanger (Revised) -1.8 16.5 14.5 19.3 53.2 -13.1 21.1 -2.8 3.2 -2.4 147.2 6.7 22.8 -19.8 31 26.8 Zweig 1.4 18.6 27.8 49.5 88.8 16.9 57.9 46.2 17.1 54.5 "2,014.9" 8.1 32.7 -24.2 15 43.3 Monthly Variability (%) Monthly Holdings Growth Strategies YTD* 2006 2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # % Turnover Driehaus 11.8 41.4 4.3 -10.8 87.8 -42.6 -27.4 -8.3 107.4 nmf 118.8 11.2 51.3 -25.7 15 64.1 Foolish Small Cap 8 -6.8 9.4 22.6 10.1 107.7 -19.4 -8.6 24.2 80.9 17.7 456.7 9.5 38.8 -22.5 23 35.8 IBD Stable 70 -1.3 6.9 1.8 29.0 48.4 -11.0 9.5 23.9 3.6 21.9 213.3 4.9 12.0 -18.9 54 10.9 Inve$tWare Quality Growth 1.2 0.9 14.9 18.0 33.3 -25.0 8.0 18.5 -3.0 14.5 96.8 5.5 18.2 -22.0 28 11.4 O'Neil's CAN SLIM -12.2 29.5 24.1 -3.8 79.0 20.5 54.4 38.0 36.6 28.2 992.6 6.8 23.6 -23.1 10 54.0 O'Neil's CAN SLIM Revised 3rd Edition -3.5 -5.4 -1.0 -2.6 74.7 -10.3 33.4 96.3 59.0 7.8 519.3 9.0 52.7 -26.7 10 62.4 Return on Equity 1.4 8.7 17.6 26.2 46.9 -3.8 18.1 31.4 1.0 18.8 330.4 5.7 13.0 -22.2 35 20.3 Monthly Variability (%) Monthly Holdings Sector/Specialty Strategies YTD* 2006 2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss Avg. # % Turnover ADRs 1.3 44.7 12.9 14.5 82.3 -4.4 -5.3 9.9 4.0 2.3 265.8 6.2 31.1 -17.7 23 42.4 Dual Cash Flow 4.4 20.4 10.4 24.7 66.9 -13.9 24.6 5.7 114.3 0.9 608.1 6.9 34.7 -16.2 62 31.2 Est Rev Down 2.2 12.9 -0.4 13.4 51.8 -43.8 26.7 -7.1 21.9 -15.0 35.7 7.1 17.6 -23.3 191 79.3 Est Rev Down 5% 2.0 26.1 2.5 8.0 70.9 -61.5 28.3 -4.2 27.8 -3.9 41.6 8.8 23.6 -23.2 69 89.1 Est Rev Up 1.0 21.8 17.3 25.2 57.3 0.8 -3.5 2.2 38.2 29.9 406.4 5.8 12.2 -18.6 170 81.1 Est Rev Up 5% 3.2 40.3 24.5 25.8 75.0 12.9 -8.1 3.6 107.1 43.3 "1,165.2" 8.9 30.8 -21.7 42 93.0 Graham--Defensive Investor (Utility) -2.0 29.4 18.5 16.2 16.6 -15.9 5.2 51.4 -8.4 14.6 186.0 4.4 12.0 -11.0 16 16.4 Insider Net Purchases 0.7 4.8 -14.6 33.5 86.8 -20.9 21.8 -38.3 7.5 nmf 43.6 8.3 26.7 -19.0 27 29.0 Murphy Technology 2.5 -1.9 34.1 107.9 -33.7 -79.6 26.7 -52.1 139.7 29.7 -28.6 15.3 58.5 -44.9 11 24.0 Short % Outstanding -4.3 -5.2 -14.6 -2.3 88.5 -35.6 8.3 -31.7 -26.9 nmf -50.2 10.9 33.3 -26.2 25 18.0 Short Interest Change -3.8 0.2 -29.9 11.7 120.5 -34.9 11.6 -51.8 111.1 nmf 22.9 10.7 34.1 -27.4 25 85.9 Short Ratio -3.4 39.4 -15.9 -1.7 52.1 -30.7 18.3 -40.9 2.2 nmf -16.2 9.4 37.8 -24.5 25 52.2 Monthly Variability (%) Indexes YTD* 2006 2005 2004 2003 2002 2001 2000 1999 1998 Total* Std. Dev. Gain Loss All Exchange-Listed Stocks 2.5 17.2 4.5 22.8 81.1 -13.3 21.2 -14.2 35.1 5.9 260.3 6.3 23.9 -20.2 Dow Jones 30 -1.6 16.3 -0.1 2.6 25.3 -16.8 -7.1 -6.2 25.2 16.1 55.1 4.4 11.8 -15.1 Nasdaq 100 0.3 6.8 1.5 10.4 49.1 -37.6 -32.7 -36.8 102.0 85.5 77.9 9.8 25.0 -27.5 S&P 500 -0.8 13.6 3.0 9.0 26.4 -23.4 -13.0 -10.1 19.5 26.7 45.0 4.3 9.7 -14.6 S&P 500/ Citigroup Growth (TR) (incl dividends) -1.0 11.0 1.1 7.0 27.1 -28.1 -16.1 -19.1 37.4 38.2 39.8 5.3 10.8 -15.8 S&P 500/ Citigroup Value (TR) (incl dividends) 0.0 15.3 8.7 15.0 30.4 -16.6 -8.2 -0.5 4.9 18.9 78.7 3.9 9.6 -13.1 S&P MidCap 400 4.2 9.0 11.3 15.2 34.0 -15.4 -1.6 16.2 13.3 17.7 151.4 5.2 12.0 -18.7 S&P MidCap 400/ Citigroup Growth (TR) (incl dividends) 4.2 5.8 14.4 15.8 37.6 -19.7 -2.6 15.8 36.1 37.2 240.1 6.1 19.0 -22.2 S&P MidCap 400/ Citigroup Value (TR) (incl dividends) 4.6 13.4 10.8 17.2 33.8 -9.4 1.4 19.5 -2.6 3.7 128.3 4.4 10.9 -15.2 S&P SmallCap 600 1.4 14.1 6.7 21.4 37.8 -15.3 5.7 11.0 11.5 -2.1 123.9 5.6 13.3 -19.4 S&P SmallCap 600/ Citigroup Growth (TR) (incl dividends) 1.9 10.6 7.3 24.3 38.5 -16.6 3.0 7.6 19.7 -0.1 130.2 6.0 17.0 -21.7 S&P SmallCap 600/ Citigroup Value (TR) (incl dividends) 1.1 19.6 8.5 21.1 39.2 -12.9 9.5 15.8 4.9 -2.6 149.3 5.0 12.8 -16.9 "Unless otherwise stated, figures do not include dividends or transactions costs." *Through 2/28/2007