Highpoint Capital Advisors

Annual Returns

2006

6.2%

2005

9.17%

2004

0.88%

2003

13.4%

2002

5.17%

2001

3.25%

Return Statistics

Highest 12 Month return :	20.25
Lowest 12 Month Return :	-3.14
Average Annual Return :	7.37
Average Monthly Return :	0.61
Highest Monthly Return :	5.81
Lowest Monthly Return :	-5.47
Average Gain :	1.75
Average Loss :	-1.77
Cumulative Return:	44.03

Quantitative Statistics

Sharpe Ratio (1.6%) :	0.98
Standard Deviation (Monthly) :	2.18
Beta :	0.34
Alpha :	0.5
R :	0.54
R Squared :	0.3

Monthly Returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006	1.83	-1.3	0.82	1.08	-4.78	0.63	-1.88	2.11	-0.43	4.21	3.48	0.59
2005	-	-	-	-	-	-	-	-	1.39	-2.43	0.83	2.48

Monthly Returns of Managed Account *

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2005	-2.17	0.34	1.39	0.69	1.69	-0.46	3.66	1.57	-	-	-	-
2004	1.65	0.27	1.7	-1.28	0.64	-0.1	-3.84	-2.5	-0.03	1	1.3	2.25
2003	0.02	-0.49	0.05	2.4	3.5	0.5	2.48	2.86	-1.58	-0.22	2.22	1.04
2002	-0.3	2.02	1.21	0.45	0.09	-5.47	-1.67	3.6	-3.44	4.29	5.81	-0.97
2001	-	-	-	-	-	-	-	-	-	-	0.17	3.07

* Historical performance prior to August 2005 is of a seperately managed portfolio of exactly the same strategy of Highpoint Domestic Partners, LP. Neil Levy will continue to manage this seperately managed account alongside Highpoint Domestic Partners, LP with no change to the infrastructure as well as no changes to the portfolio management, analysis, or trading capacities.