bivio Club Index
Performance Benchmark
Performance Benchmark
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 Security:   to  
  IRR Portfolio
Value
bivio Club Index  -25.9% 4,522.28
Vanguard 500 Index Fund (VFINX)  -27.1% 4,385.37

Transaction Date Description Investments Returns VFINX
Shares
01/01/2007 VFINX beginning market value 7,951.63 60.9554
03/23/2007 VFINX distribution reinvested, $33.53 0.2536
06/22/2007 VFINX distribution reinvested, $34.89 0.2522
09/21/2007 VFINX distribution reinvested, $38.11 0.2713
12/21/2007 VFINX distribution reinvested, $46.3 0.3390
03/27/2008 VFINX distribution reinvested, $37.24 0.3052
06/26/2008 VFINX distribution reinvested, $35.55 0.3010
09/25/2008 VFINX distribution reinvested, $39.8 0.3577
11/20/2008 VFINX ending market value 4,385.37