ANNUALIZED RETURNS (returns greater than 12 months have been annualized)
Q3 2008 YTD 1 YEAR 3 YEAR 5 YEAR INCEPT*
All Cap Value (gross) -24.60% -21.49% -21.65% 3.81% 11.84% 10.71%
All Cap Value (net) -24.78% -22.00% -22.33% 2.94% 10.90% 9.78%
Russell 3000 Value -5.26% -17.84% -22.70% 0.24% 7.29% 4.17%
50%R1000V/50%R2000V -0.67% -12.30% -18.02% 1.11% 8.35% 7.32%
*Inception date: January 2000
CALENDAR YEAR RETURNS
TIM Gross TIM Net 50%R1000Val/50%2000Val Russell 3000 Value
2007 22.13% 21.12% -5.05% -1.01%
2006 17.15% 16.17% 22.93% 22.34%
2005 13.47% 12.52% 5.94% 6.85%
2004 19.56% 18.56% 19.41% 16.94%
2003 24.28% 23.25% 37.88% 31.14%
2002 -13.23% -13.98% -13.30% -15.18%
2001 16.23% 15.26% 3.91% -4.33%
2000 27.47% 26.41% 15.25% 8.04%