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Earnings Update

Earnings are posted around the 20th of the following month. Thanks for your patience.

TSA Earnings for FY07:

Fiscal Year to Date (7/1-6/30)  -7.54%

TSA Earnings for FY08

July -2.25%   October +1.73%   January -4.20%   April 4.03%
August +0.58%   November -2.80%   February -1.49%   May 1.74%
September +2.53%   December -0.45%   March -0.90%   June -5.74%

1st Qtr.

+0.81%

 

2nd Qtr.

-1.62%

 

3rd Qtr.

-6.57%

 

4th Qtr.

--

 
June 30, 2007
Period Cumulative Annualized

1 year

18.17% 18.17%

3 years

42.29% 12.47%

5 years

79.28% 12.39%

7 years

65.41% 7.45%

10 years

151.80% 9.67%

12 years

241.75% 10.94%
   13 years 299.29% 11.24%