The following is the statistical summary on signals generated by ETFs trading system to trade SPY stock that tracks the S&P 500 index. The numbers describing the SPY stock trading system reflect the most recent SPY signals performance. All results are based on trade confirmations received from online brokers, and there are no back-tested trades.

SPDRs System Parameter Past 3 Months Past 6 Months Past 12 Months Accuracy of the system 100 % 100 % 60% Summary Returns +0.14 % +7.71 % +5.40 % Average return per month +0.05 % +1.28 % +0.45 % Average return per trade +0.14 % +1.93 % +0.22 % Total number of trades 1 trades 4 trades 25 trades Total number of winning trades 1 trades 4 trades 15 trades Total number of lost trades 0 trades 0 trades 10 trades Average number of trades per month 0.3 trades 0.7 trades 2.1 trades Average number of days a position is opened 0 days 2 days 6 days Number of days in cash 92 days 175 days 193 days Autotrading YES YES YES Monitoring YES YES YES

• The return statistics do not include any broker commissions or any other trading related expenses.
• The return statistics represented in the table is based on the premium received for sold short options.