GLOSSARY

ETFwa-  this is the symbol Mutual Fund System uses to show the ETF account

FidWa-  this is the symbol Mutual Fund System uses to show the Fidelity account

Maximum DrawDown (MDD) - The maximum drawdown can be loosely defined as the largest drop from the peak to a bottom in a certain time period. Maximum drawdown captures a path-dependant features of a time series which is not represented in the histogram of return time series. Maximum drawdown is always smaller than or equal to the difference between loss and maximum gain. Maximum loss & gain are the global values, maximum drawdown is a concept base on the local minimum of a return time series. Maximum drawdown is highly dependent on the time interval chosen (annual, monthly, daily and so on) as well as the observation period. Maximum drawdown is an excellent way to compare the inherent riskiness of different strategies.

ProWa-  this is the symbol Mutual Fund System uses to show the Profunds account

RYDwa-  this is the symbol Mutual Fund System uses to show the Rydex account

Loswa-  this is the symbol Mutual Fund System uses to show the Long-Short account