APM Performance Since Inception to 30-Jun-08
AUM	$   1,245,039
	APM Portfolio	NASDAQ	Excess Return
YTD to Jun-08	-8.9%	-13.5%	5%
2007	21.4%	7.8%	14%
2006	32.8%	9.5%	23%
2005	17.3%	1.4%	16%
2004	23.0%	8.6%	14%
2003	124.7%	50.0%	75%
2002	18.2%	-31.5%	50%
2001	-11.4%	-21.1%	10%
2000	-6.2%	-39.3%	33%
1999	55.8%	85.6%	-30%
1998	-14.0%	39.7%	-54%
1997	24.4%	21.6%	3%
1996	-3.6%	22.7%	-26%
1995	17.0%	39.9%	-23%
1994	21.0%	-3.2%	24%
Cumulative	967.3%	235.1%	167.4%
Compound	17.7%	8.7%	7.0%
Alpha	13.0%
Beta	0.54
Standard Deviation	36.2%	34.8%	35.1%
Average	22.88%
Drawdown through 30-Jun-08
	APM	NASDAQ	DJIA	SP500
Maximum Drawdown	0.43	1.08	0.36	0.55
MAR	5.0%	5.0%	5.0%	5.0%
Downside Deviation	6.1%	9.6%	5.4%	5.7%
Upside Dev	11.2%	9.8%	4.6%	4.9%
Sortino Ratio	2.08	0.38	0.8	0.6
Sharpe Ratio	0.98	0.26	0.5	0.4
Treynor	23.29
ROMAD	0.90	0.28	0.55	0.44
Max Drawdown Date	12/31/2000	3/31/2000	3/31/2000	6/30/2000
End of Max DD	12/31/2002	12/31/2002	3/31/2002	12/31/2002
Years	2.00	2.75	2.00	2.50
Annual drawdown	0.20	0.31	0.17	0.19