Marketocracy Portfolio As At 5th April 2011

recent returns
		RETURNS Last Week 0.93% Last Month 2.27% Last 3 Months 4.09% Last 6 Months 18.36% Last 12 Months 16.07% Last 2 Years 101.97% Last 3 Years N/A Last 5 Years N/A Since Inception 56.02% (Annualized) 18.00% S&P500 RETURNS Last Week 1.45% Last Month 1.96% Last 3 Months 6.45% Last 6 Months 17.38% Last 12 Months 15.36% Last 2 Years 71.19% Last 3 Years N/A Last 5 Years N/A Since Inception 12.62% (Annualized) 4.52% RETURNS VS S&P500 Last Week -0.51% Last Month 0.30% Last 3 Months -2.36% Last 6 Months 0.98% Last 12 Months 0.70% Last 2 Years 30.77% Last 3 Years N/A Last 5 Years N/A Since Inception 43.41% (Annualized) 13.48%

price history

recent returns
		RETURNS Last Week 0.93% Last Month 2.27% Last 3 Months 4.09% Last 6 Months 18.36% Last 12 Months 16.07% Last 2 Years 101.97% Last 3 Years N/A Last 5 Years N/A Since Inception 56.02% (Annualized) 18.00% S&P500 RETURNS Last Week 1.45% Last Month 1.96% Last 3 Months 6.45% Last 6 Months 17.38% Last 12 Months 15.36% Last 2 Years 71.19% Last 3 Years N/A Last 5 Years N/A Since Inception 12.62% (Annualized) 4.52% RETURNS VS S&P500 Last Week -0.51% Last Month 0.30% Last 3 Months -2.36% Last 6 Months 0.98% Last 12 Months 0.70% Last 2 Years 30.77% Last 3 Years N/A Last 5 Years N/A Since Inception 43.41% (Annualized) 13.48%

alpha/beta vs. S&P500
		Alpha 13.36% Beta 1.14 R-Squared 0.77

turnover
		Last Month 11.38% Last 3 Months 22.39% Last 6 Months 31.87% Last 12 Months 97.52%

		Symbol Days Held First Trade Last Trade Gains Value Inception Return F 710 Apr 24, 2009 Aug 12, 2010 $131,765.20 $124,800.00 48.95% C 767 Feb 26, 2009 Jul 22, 2010 $86,577.36 $110,125.00 24.79% WFMI 325 May 14, 2010 May 17, 2010 $63,680.39 $165,975.00 62.25% QSII 720 Apr 14, 2009 Jun 22, 2009 $62,452.77 $130,890.00 52.04% FMC 404 Feb 24, 2010 Feb 24, 2010 $46,504.50 $130,155.15 55.22% BAC 767 Feb 26, 2009 Oct 21, 2010 $44,213.53 $187,880.00 13.01% PLD 573 Sep 08, 2009 Sep 09, 2009 $40,775.55 $130,334.49 45.53% GE 522 Oct 29, 2009 Oct 29, 2009 $22,723.15 $81,960.40 38.36% PVSW 14 Mar 21, 2011 Mar 23, 2011 $20,576.58 $121,912.24 20.31% KBH 726 Apr 08, 2009 Jan 13, 2011 $7,144.27 $72,900.00 4.00% AFL 158 Oct 28, 2010 Oct 28, 2010 -$737.55 $81,390.00 -0.88% NSR 80 Jan 14, 2011 Jan 14, 2011 -$2,704.43 $64,850.00 -4.00% CIM 14 Mar 21, 2011 Mar 21, 2011 -$10,477.33 $97,250.00 -9.73%

Close Date	Type	Symbol	Shares	Net Avg. Price	Net
Mar 23, 2011	Buy	PVSW	8,977	$6.1055	$54,809.44
Mar 22, 2011	Buy	PVSW	1,018	$5.8247	$5,929.55
Mar 21, 2011	Buy	PVSW	7,224	$5.6197	$40,596.67
Mar 21, 2011	Buy	CIM	25,000	$4.3091	$107,727.33
Mar 21, 2011	Sell	BP	3,000	$45.563	$136,688.89
Jan 14, 2011	Buy	NSR	2,500	$27.0218	$67,554.43

Marketocracy Portfolio As At 22 December 2010

price history
		SMF m100 S&P 500 DJIA Nasdaq
		Graph Period: [7 Days] [30 Days] [90 Days] [6 Months] [1 Year] [2 Years] [3 Years] [4 Years] [5 Years] [Since Inception]

recent returns vs. major indexes
		Beating Today MTD QTD YTD SMF 1.02% 8.26% 13.20% 17.02% S&P 500 0.60% 5.73% 9.76% 14.03% DOW 0.48% 4.29% 6.40% 10.07% Nasdaq 0.68% 6.06% 11.86% 16.76%

recent returns
		RETURNS Last Week 1.17% Last Month 6.82% Last 3 Months 14.72% Last 6 Months 20.57% Last 12 Months 18.88% Last 2 Years 110.06% Last 3 Years N/A Last 5 Years N/A Since Inception 47.82% (Annualized) 17.62% S&P500 RETURNS Last Week 0.54% Last Month 4.11% Last 3 Months 9.95% Last 6 Months 15.34% Last 12 Months 15.41% Last 2 Years 46.90% Last 3 Years N/A Last 5 Years N/A Since Inception 4.85% (Annualized) 1.99% RETURNS VS S&P500 Last Week 0.62% Last Month 2.70% Last 3 Months 4.77% Last 6 Months 5.23% Last 12 Months 3.47% Last 2 Years 63.16% Last 3 Years N/A Last 5 Years N/A Since Inception 42.97% (Annualized) 15.64%

alpha/beta vs. S&P500
		Alpha 15.77% Beta 1.15 R-Squared 0.78

turnover
		Last Month 0.00% Last 3 Months 9.49% Last 6 Months 29.37% Last 12 Months 111.43%

		Symbol Price Shares Value Portion of Fund Inception Return NYB $18.35 6,000 $110,100.00 7.37% 67.50% FMC $80.25 1,500 $120,375.00 8.06% 43.39% Details F $16.99 8,000 $135,920.00 9.10% 53.08% Details QSII $71.30 1,500 $106,950.00 7.16% 32.09% Details PLD $14.26 8,118 $115,762.68 7.75% 29.26% Details MIDDLE C $4.74 25,000 $118,500.00 7.94% 27.19% BP $43.54 3,000 $130,620.00 8.75% 27.41% WFMI $51.35 2,500 $128,375.00 8.60% 25.50% GE $17.90 4,000 $71,600.00 4.79% 20.87% UCO $12.06 6,000 $72,360.00 4.85% 17.35% Details AFL $56.60 1,500 $84,900.00 5.69% 1.70% Details BAC $12.98 14,000 $181,720.00 12.17% 11.20% Details

Close Date	Type	Symbol	Shares	Net Avg. Price	Net
Oct 29, 2010	Sell	SUN	3,000	$37.4391	$112,317.29
Oct 28, 2010	Buy	AFL	1,500	$55.6517	$83,477.58
Oct 21, 2010	Buy	BAC	5,000	$11.75	$58,750.02
Aug 17, 2010	Sell	POT	1,000	$140.3169	$140,316.93
Aug 12, 2010	Buy	F	8,000	$12.4259	$99,407.51

Marketocracy Portfolio As At 9 November 2010

recent returns vs. major indexes
		Beating Today MTD QTD YTD SMF 0.13% 6.88% 9.80% 13.51% S&P 500 -0.10% 3.44% 7.37% 11.55% DOW -0.19% 2.59% 5.74% 9.39% Nasdaq 0.01% 2.90% 8.93% 13.70%

recent returns
		RETURNS Last Week 6.68% Last Month 6.47% Last 3 Months 13.65% Last 6 Months 7.31% Last 12 Months 23.98% Last 2 Years 105.75% Last 3 Years N/A Last 5 Years N/A Since Inception 43.38% (Annualized) 17.02% S&P500 RETURNS Last Week 3.34% Last Month 5.10% Last 3 Months 9.67% Last 6 Months 5.42% Last 12 Months 16.72% Last 2 Years 37.54% Last 3 Years N/A Last 5 Years N/A Since Inception 2.57% (Annualized) 1.11% RETURNS VS S&P500 Last Week 3.34% Last Month 1.36% Last 3 Months 3.97% Last 6 Months 1.88% Last 12 Months 7.26% Last 2 Years 68.22% Last 3 Years N/A Last 5 Years N/A Since Inception 40.82% (Annualized) 15.91%

alpha/beta vs. S&P500
		Alpha 16.18% Beta 1.15 R-Squared 0.77

turnover
		Last Month 9.49% Last 3 Months 19.19% Last 6 Months 47.23% Last 12 Months 131.20%

		Symbol Price Shares Value Portion of Fund Gains Inception Return NYB $17.15 6,000 $102,900.00 7.16% $37,167.27 56.54% FMC $77.04 1,500 $115,560.00 8.04% $31,721.85 37.67% Details PLD $14.74 8,118 $119,618.73 8.32% $30,059.79 33.56% Details F $16.48 8,000 $131,840.00 9.17% $138,804.57 51.57% Details BP $44.09 3,000 $132,270.00 9.20% $43,548.12 28.49% Details MIDDLE QSII $63.94 1,500 $95,910.00 6.67% $27,472.77 22.89% C $4.44 25,000 $111,000.00 7.72% $87,454.95 25.04% UCO $11.69 6,000 $70,140.00 4.88% $8,479.31 13.75% WFMI $46.24 2,500 $115,600.00 8.04% $13,305.39 13.01% GE $16.72 4,000 $66,882.00 4.65% $7,644.75 12.91% Details AFL $57.33 1,500 $85,995.00 5.98% $2,517.42 3.02% Details BAC $12.54 14,000 $175,560.00 12.21% $31,893.53 9.39% Details

		Close Date Type Symbol Shares Net Avg. Price Net Oct 29, 2010 Sell SUN 3,000 $37.4391 $112,317.29 Details Oct 28, 2010 Buy AFL 1,500 $55.6517 $83,477.58 Details Oct 21, 2010 Buy BAC 5,000 $11.75 $58,750.02 Details Aug 17, 2010 Sell POT 1,000 $140.3169 $140,316.93 Details Aug 12, 2010 Buy F 8,000 $12.4259 $99,407.51 Details Jul 29, 2010 Sell NVDA 9,000 $9.1826 $82,643.21 Details Jul 22, 2010 Sell C 5,000 $4.0199 $20,099.65 Details Jul 22, 2010 Buy UCO 6,000 $10.2768 $61,660.69 Details Jul 12, 2010 Sell BP 1,750 $36.6356 $64,112.22 Details Jun 25, 2010 Buy BP 800 $27.55 $22,040.00 Details Jun 14, 2010 Buy BP 1,500 $31.4431 $47,164.65 Details Jun 11, 2010 Buy BP 2,000 $34.1535 $68,306.95 Details