ANNUALIZED RETURNS (returns greater than 12 months have been annualized)
Q3 2008 YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS INCEPT*
CONVERTIBLE SECURITIES (GROSS) -15.81% -21.97% -20.16% 1.92% 5.85% 8.70% 10.90%
CONVERTIBLE SECURITIES (NET) -15.98% -22.42% -20.77% 1.15% 5.06% 7.90% 10.08%
Merrill Lynch US All Converts -17.56% -21.01% -23.57% -2.18% 2.28% 5.06% 6.55%
*Inception date: January 1994
CALENDAR YEAR RETURNS
TIM Gross TIM Net ML US All Convertibles
2007 18.91% 18.03% 4.53%
2006 11.91% 11.08% 12.83%
2005 4.80% 4.02% 1.01%
2004 14.35% 13.50% 9.61%
2003 25.52% 24.60% 27.15%
2002 (13.09%) (13.75%) (8.58%)
2001 (9.08%) (9.76%) (4.44%)
2000 16.67% 15.81% (10.00%)
1999 35.42% 34.43% 39.56%
1998 10.88% 10.06% 8.93%
1997 16.78% 15.92% 19.57%
1996 24.79% 23.87% 15.92%
1995 44.04% 43.00% 24.69%