Hennessee Long/Short Equity Index

The Hennessee Long/Short Equity Index includes funds that invest primarily in U.S. domestic stocks that the portfolio manager believes will appreciate in value and will short stocks that the portfolio manager believes will depreciate in value. Volatility and return expectations are generally higher than arbitrage/event driven funds because of the managers' utilization of market risk. The Hennessee Long/Short Equity Index includes funds from the following sub-sectors: financial equities, growth, healthcare and biotech, opportunistic, market neutral, media and telecom, short biased, technology and value.

Summary Statistics (Jan-93 to Dec-12)
                           
  Annualized Compound Return Annualized Standard Deviation Sharpe
Ratio
Sortino
Ratio
Annualized Alpha
(versus Benchmark)
Correlation
(versus Benchmark)
Hennessee Long/Short Equity Index 9.43% 7.49% 1.21 2.03 N/A N/A
S&P 500 6.11% 15.11% 0.45 0.54 6.92% 0.74
Nasdaq Composite Index 7.76% 23.91% 0.42 0.45 6.79% 0.84
                           
  Number of Months % of Months
Positive
Largest Consecutive Loss Value of $1000
(Invested at Inception)
Postive Negative % Months Peak Valley
Hennessee Long/Short Equity Index 164 76 68% -20.60% 16 Oct-07 Feb-09 $6,064
S&P 500 149 91 62% -52.56% 16 Oct-07 Feb-09 $3,273
Nasdaq Composite Index 138 102 58% -75.04% 31 Feb-00 Sep-02 $4,460
                           
Historical Performance (Jan-93 to Dec-12)
                           
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2012 2.47% 1.86% 0.57% -0.45% -2.24% 0.24% 0.49% 0.95% 1.43% -0.35% 0.12% 0.84% 6.01%
2011 0.68% 1.80% 0.11% 1.42% -0.37% -0.96% -0.68% -3.84% -4.30% 3.55% -0.79% -0.60% -4.19%
2010 -1.15% 1.31% 2.63% 1.52% -3.21% -2.02% 1.82% -1.43% 3.78% 1.76% 0.78% 2.95% 8.81%
2009 0.43% -1.51% 2.09% 3.81% 4.71% 0.81% 2.77% 1.49% 2.82% -1.31% 1.74% 2.13% 21.69%
2008 -3.61% 0.63% -2.14% 1.99% 2.41% -1.34% -1.50% -0.58% -6.65% -5.81% -3.23% -0.18% -18.64%
2007 1.26% 0.70% 0.88% 1.68% 2.31% 0.60% -0.12% -0.07% 2.42% 2.95% -1.77% 0.45% 11.79%
2006 3.68% 0.60% 1.97% 1.02% -1.65% -0.59% -0.50% 1.42% 0.32% 1.52% 1.90% 0.99% 11.09%
2005 -0.91% 1.26% -1.18% -1.95% 1.88% 1.87% 2.65% 0.39% 1.33% -1.65% 1.64% 1.37% 6.78%
2004 2.03% 1.01% -0.06% -1.57% 0.08% 0.72% -1.83% -0.15% 1.99% 0.46% 2.92% 2.03% 7.78%
2003 0.28% -0.83% 0.41% 2.68% 4.54% 1.45% 1.82% 1.69% 0.46% 2.65% 1.37% 1.49% 19.45%
2002 -0.31% -1.52% 1.99% -0.55% -0.51% -2.62% -3.65% 0.32% -2.28% 1.40% 2.92% -1.64% -6.46%
2001 2.55% -1.63% -2.08% 1.89% 1.51% 0.38% -1.65% -1.04% -3.08% 1.65% 2.42% 2.16% 2.89%
2000 0.68% 9.40% -0.68% -4.10% -1.59% 4.51% 0.19% 4.69% 0.07% -2.02% -3.24% 2.65% 10.21%
1999 3.56% -2.19% 2.89% 4.42% 1.45% 3.92% 1.09% -0.22% 0.61% 1.60% 4.66% 8.13% 33.87%
1998 -0.73% 3.74% 3.58% 0.69% -1.51% 2.03% -1.94% -8.14% 2.23% 0.87% 3.76% 3.15% 7.30%
1997 2.85% 0.18% -1.39% -0.58% 4.53% 2.15% 3.69% 1.49% 4.62% -0.02% -0.07% 1.11% 19.96%
1996 1.55% 1.42% 1.09% 3.34% 2.79% -0.75% -1.78% 2.43% 1.80% 1.50% 2.05% 1.40% 18.07%
1995 0.76% 2.39% 1.27% 2.03% 1.00% 2.56% 2.82% 2.35% 1.16% -0.88% 2.52% 1.39% 21.11%
1994 1.62% -0.64% -0.83% 0.01% 1.28% 0.66% 0.67% 0.80% 0.65% -0.22% -1.05% 0.51% 3.48%
1993 2.56% 0.08% 2.28% 0.12% 1.60% 1.77% 1.84% 3.22% 1.66% 1.95% -1.28% 2.68% 20.02%

 

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