Sector Rotation Program Track Record
		As of July 31, 2011
			Marathon	S&P 500
		Total Return	31.15%	13.34%
		Worst Month	-1.65%	-16.83%
		Actual performance since inception (7.1 years),
		after all management fees and expenses.
			Performance	S&P 500
			After Fees	Monthly
		Jul-04	1.35%	-3.43%
		Aug-04	0.25%	0.23%
		Sep-04	1.42%	0.94%
		Oct-04	3.58%	1.40%
		Nov-04	-0.83%	3.86%
		Dec-04	2.00%	3.25%
		Jan-05	0.96%	-2.53%
		Feb-05	0.33%	1.89%
		Mar-05	0.23%	-1.91%
		Apr-05	0.46%	-2.01%
		May-05	-0.47%	3.00%
		Jun-05	0.42%	-0.01%
		Jul-05	1.03%	3.60%
		Aug-05	-0.20%	-1.12%
		Sep-05	1.38%	0.69%
		Oct-05	-1.07%	-1.77%
		Nov-05	0.29%	3.52%
		Dec-05	0.36%	-0.10%
		Jan-06	2.02%	2.55%
		Feb-06	1.26%	0.05%
		Mar-06	1.34%	1.11%
		Apr-06	1.35%	1.22%
		May-06	-1.40%	-3.09%
		Jun-06	1.44%	0.01%
		Jul-06	0.06%	0.51%
		Aug-06	1.37%	2.13%
		Sep-06	0.59%	2.46%
		Oct-06	0.97%	3.15%
		Nov-06	2.20%	1.65%
		Dec-06	0.40%	1.26%
		Jan-07	1.47%	1.41%
		Feb-07	0.48%	-2.18%
		Mar-07	-1.25%	1.00%
		Apr-07	-0.29%	4.33%
		May-07	-0.07%	3.25%
		Jun-07	0.71%	-1.78%
		Jul-07	-1.04%	-3.20%
		Aug-07	1.26%	1.29%
		Sep-07	-0.40%	3.58%
		Oct-07	-0.10%	1.48%
		Nov-07	-1.65%	-4.40%
		Dec-07	0.51%	-0.86%
		Jan-08	-1.10%	-6.12%
		Feb-08	0.98%	-3.48%
		Mar-08	0.68%	-0.60%
		Apr-08	-0.14%	4.75%
		May-08	1.05%	1.07%
		Jun-08	2.29%	-8.60%
		Jul-08	2.22%	-0.99%
		Aug-08	1.05%	1.22%
		Sep-08	-0.47%	-9.21%
		Oct-08	-1.51%	-16.83%
		Nov-08	0.32%	-7.48%
		Dec-08	1.80%	0.78%
		Jan-09	0.23%	-8.57%
		Feb-09	0.56%	-10.99%
		Mar-09	1.05%	8.54%
		Apr-09	1.58%	9.39%
		May-09	0.31%	5.31%
		Jun-09	-0.15%	0.02%
		Jul-09	0.07%	7.41%
		Aug-09	0.05%	3.36%
		Sep-09	0.27%	3.57%
		Oct-09	-1.53%	-1.98%
		Nov-09	-0.69%	5.74%
		Dec-09	0.17%	1.78%
		Jan-10	-0.72%	-3.70%
		Feb-10	-0.06%	2.85%
		Mar-10	0.39%	5.88%
		Apr-10	-0.29%	1.48%
		May-10	0.00%	-8.20%
		Jun-10	-0.59%	-5.37%
		Jul-10	0.62%	6.88%
		Aug-10	-0.05%	-4.74%
		Sep-10	-0.35%	8.76%
		Oct-10	0.62%	3.69%
		Nov-10	-0.58%	-0.23%
		Dec-10	-0.55%	6.53%
		Jan-11	-0.55%	2.26%
		Feb-11	0.09%	3.20%
		Mar-11	-0.79%	-0.10%
		Apr-11	0.35%	2.85%
		May-11	-0.40%	-1.35%
		Jun-11	-1.19%	-1.83%
		Jul-11	-0.41%	-2.15%
			Annual Returns
			after all fees and expenses
			2004*	7.99%
			2005	3.80%
			2006	12.22%
			2007	-0.38%
			2008	7.36%
			2009	1.94%
			2010	-1.52%
			Average	4.83%
			* Inception date: July 1, 2004