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Comparao de Retorno - LTN x LFT

Obs.: Taxas em % ao ano

Clique aqui para ler mais sobre essa comparao!


1.

Sumrio da Comparao
Nos ltimos 10 anos (jan/2002 a set/2011)
LTN x LFT

Amostras

Retorno da LTN maior


Retorno da LFT maior
Total

(%)

Nos ltimos 10 anos

Mdia da Diferena
de Retorno
(LTN - LFT)

250
154

62%
38%

1.4%
-1.3%

404

100%

0.4%

Amostras

Retorno da LTN maior


Retorno da LFT maior
Total

Nos ltimos 5 anos

Mdia da Diferena
de Retorno
(LTN - LFT)

135
58

70%
30%

1.4%
-0.5%

193

100%

0.8%

Retorno da LTN maior

30%

Retorno da LFT maior

70%

Mudanas nos ltimos 5 anos


Histograma
Quanto as LTN
renderam a mais que
as LFT? (a.a.)
-4% ou menos
-4% a -2%
-2% a 0%
0% a +2%
+2% a +4%
+4% ou mais
Total

Quanto as LTN renderam a mais que as LFT?


ltimos 10
anos

(%)

ltimos 5
anos

60%

(%)

50%

7
20
127
181
52
17

2%
5%
31%
45%
13%
4%

404

100%

58
99
22
14
193

0%
0%
30%
51%
11%
7%
100%

Frequncia

2.

(%)

Retorno da LFT maior

62%

Nos ltimos 5 anos (out/2006 a set/2011)


LTN x LFT

Retorno da LTN maior

38%

40%
30%

20%
10%
0%
-4% ou menos -4% a -2%

-2% a 0%

0% a +2%

+2% a +4% +4% ou mais

Diferena de Retorno (a.a.)


ltimos 10 anos

ltimos 5 anos

Planilha criada por Ulisses Nehmi & Vitor Nagata, editores do Blog do Investidor: www.blogdoinvestidor.com.br. A planilha tem objetivo educacional, meramente informacional e est travada para evitar alteraes acidentais.
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Clculos
LTN

Vencimento
Vcto - Dia til
Data Mn

10/1/2003
10/1/2003
2/26/2003

1/7/2004
1/7/2004
3/18/2002

4/1/2004
4/1/2004
6/11/2003

7/1/2004
7/1/2004
4/10/2003

10/1/2004
10/1/2004
6/11/2003

1/4/2005
1/4/2005
8/22/2003

Retorno das LTN


Do fim de cada ms at o vencimento. No considera investimentos nos ltimos 6 meses
1/31/2002
2/28/2002
3/28/2002
4/30/2002
5/31/2002
6/28/2002
7/31/2002
8/30/2002
9/30/2002
10/31/2002
11/29/2002
12/31/2002
1/31/2003
2/28/2003
3/31/2003
4/30/2003
5/30/2003
6/30/2003
7/31/2003
8/29/2003
9/30/2003
10/31/2003
11/28/2003
12/31/2003
1/30/2004
2/27/2004
3/31/2004
4/30/2004
5/31/2004
6/30/2004
7/30/2004
8/31/2004
9/30/2004
10/29/2004
11/30/2004
12/31/2004
1/31/2005
2/28/2005
3/31/2005
4/29/2005
5/31/2005
6/30/2005
7/29/2005
8/31/2005
9/30/2005
10/31/2005
11/30/2005
12/30/2005
1/31/2006
2/24/2006
3/31/2006
4/28/2006
5/31/2006

15.7%
12.8%

37.7%
39.7%
39.6%
51.4%
50.3%
38.7%
44.3%
40.9%
38.3%
31.2%
26.8%
24.3%
20.4%
16.1%
14.2%
11.7%

16.9%
14.2%
11.2%
9.0%

28.9%
25.8%
22.6%
19.7%
16.1%
13.8%
11.5%
9.0%
7.5%

29.1%
25.8%
21.5%
19.0%
16.3%
13.4%
11.7%
10.4%
9.2%
7.5%

27.2%
24.4%
21.4%
17.9%
16.0%
14.5%
13.4%
11.4%
10.6%
10.1%
8.2%

6/30/2006
7/31/2006
8/31/2006
9/29/2006
10/31/2006
11/30/2006
12/28/2006
1/31/2007
2/28/2007
3/30/2007
4/30/2007
5/31/2007
6/29/2007
7/31/2007
8/31/2007
9/28/2007
10/31/2007
11/30/2007
12/31/2007
1/31/2008
2/29/2008
3/31/2008
4/30/2008
5/30/2008
6/30/2008
7/31/2008
8/29/2008
9/30/2008
10/31/2008
11/28/2008
12/31/2008
1/30/2009
2/27/2009
3/31/2009
4/30/2009
5/29/2009
6/30/2009
7/31/2009
8/31/2009
9/30/2009
10/30/2009
11/30/2009
12/31/2009
1/29/2010
2/26/2010
3/31/2010
4/30/2010
5/31/2010
6/30/2010
7/30/2010
8/31/2010
9/30/2010
10/29/2010
11/30/2010
12/31/2010
1/31/2011
2/28/2011
3/31/2011
4/29/2011
5/31/2011
6/30/2011
7/29/2011
8/31/2011

9/30/2011
Definio da LFT de Referncia
Sempre o vencimento mais longo disponvel
1/31/2002
2/28/2002
3/28/2002
4/30/2002
5/31/2002
6/28/2002
7/31/2002
8/30/2002
9/30/2002
10/31/2002
11/29/2002
12/31/2002
1/31/2003
2/28/2003
3/31/2003
4/30/2003
5/30/2003
6/30/2003
7/31/2003
8/29/2003
9/30/2003
10/31/2003
11/28/2003
12/31/2003
1/30/2004
2/27/2004
3/31/2004
4/30/2004
5/31/2004
6/30/2004
7/30/2004
8/31/2004
9/30/2004
10/29/2004
11/30/2004
12/31/2004
1/31/2005
2/28/2005
3/31/2005
4/29/2005
5/31/2005
6/30/2005
7/29/2005
8/31/2005
9/30/2005
10/31/2005
11/30/2005
12/30/2005
1/31/2006
2/24/2006
3/31/2006
4/28/2006
5/31/2006
6/30/2006
7/31/2006
8/31/2006
9/29/2006

1/17/2007
1/17/2007

1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007

1/17/2007
1/17/2007
1/17/2007
1/17/2007

1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
6/18/2008
6/18/2008

1/17/2007
1/17/2007
1/17/2007
1/17/2007
1/17/2007
6/18/2008
6/18/2008
3/18/2009
3/18/2009
3/18/2009

1/17/2007
1/17/2007
1/17/2007
6/18/2008
6/18/2008
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

10/31/2006
11/30/2006
12/28/2006
1/31/2007
2/28/2007
3/30/2007
4/30/2007
5/31/2007
6/29/2007
7/31/2007
8/31/2007
9/28/2007
10/31/2007
11/30/2007
12/31/2007
1/31/2008
2/29/2008
3/31/2008
4/30/2008
5/30/2008
6/30/2008
7/31/2008
8/29/2008
9/30/2008
10/31/2008
11/28/2008
12/31/2008
1/30/2009
2/27/2009
3/31/2009
4/30/2009
5/29/2009
6/30/2009
7/31/2009
8/31/2009
9/30/2009
10/30/2009
11/30/2009
12/31/2009
1/29/2010
2/26/2010
3/31/2010
4/30/2010
5/31/2010
6/30/2010
7/30/2010
8/31/2010
9/30/2010
10/29/2010
11/30/2010
12/31/2010
1/31/2011
2/28/2011
3/31/2011
4/29/2011
5/31/2011
6/30/2011
7/29/2011
8/31/2011
9/30/2011
Retorno da LFT de Referncia

Com base na LFT definida no bloco acima


1/31/2002
2/28/2002
3/28/2002
4/30/2002
5/31/2002
6/28/2002
7/31/2002
8/30/2002
9/30/2002
10/31/2002
11/29/2002
12/31/2002
1/31/2003
2/28/2003
3/31/2003
4/30/2003
5/30/2003
6/30/2003
7/31/2003
8/29/2003
9/30/2003
10/31/2003
11/28/2003
12/31/2003
1/30/2004
2/27/2004
3/31/2004
4/30/2004
5/31/2004
6/30/2004
7/30/2004
8/31/2004
9/30/2004
10/29/2004
11/30/2004
12/31/2004
1/31/2005
2/28/2005
3/31/2005
4/29/2005
5/31/2005
6/30/2005
7/29/2005
8/31/2005
9/30/2005
10/31/2005
11/30/2005
12/30/2005
1/31/2006
2/24/2006
3/31/2006
4/28/2006
5/31/2006
6/30/2006
7/31/2006
8/31/2006
9/29/2006
10/31/2006
11/30/2006
12/28/2006
1/31/2007

19.6%
17.2%

44.3%
43.3%
46.7%
45.0%
45.9%
44.9%
42.0%
39.3%
36.3%
33.2%
29.9%
27.2%
24.7%
20.8%
17.5%
13.6%

17.9%
14.7%
12.6%
10.5%

29.4%
25.8%
21.6%
18.3%
16.1%
14.0%
11.8%
8.9%
7.0%

26.2%
22.8%
20.5%
18.3%
16.0%
13.1%
11.1%
8.5%
7.5%
6.3%

25.9%
23.5%
21.2%
18.2%
16.1%
13.5%
12.4%
11.2%
11.6%
10.6%
8.8%

2/28/2007
3/30/2007
4/30/2007
5/31/2007
6/29/2007
7/31/2007
8/31/2007
9/28/2007
10/31/2007
11/30/2007
12/31/2007
1/31/2008
2/29/2008
3/31/2008
4/30/2008
5/30/2008
6/30/2008
7/31/2008
8/29/2008
9/30/2008
10/31/2008
11/28/2008
12/31/2008
1/30/2009
2/27/2009
3/31/2009
4/30/2009
5/29/2009
6/30/2009
7/31/2009
8/31/2009
9/30/2009
10/30/2009
11/30/2009
12/31/2009
1/29/2010
2/26/2010
3/31/2010
4/30/2010
5/31/2010
6/30/2010
7/30/2010
8/31/2010
9/30/2010
10/29/2010
11/30/2010
12/31/2010
1/31/2011
2/28/2011
3/31/2011
4/29/2011
5/31/2011
6/30/2011
7/29/2011
8/31/2011
9/30/2011
Diferena de Retorno da LTN e da LFT (anualizado)
Diferena anualizada com base na data de incio do investimento
1/31/2002
2/28/2002

3/28/2002
4/30/2002
5/31/2002
6/28/2002
7/31/2002
8/30/2002
9/30/2002
10/31/2002
11/29/2002
12/31/2002
1/31/2003
2/28/2003
3/31/2003
4/30/2003
5/30/2003
6/30/2003
7/31/2003
8/29/2003
9/30/2003
10/31/2003
11/28/2003
12/31/2003
1/30/2004
2/27/2004
3/31/2004
4/30/2004
5/31/2004
6/30/2004
7/30/2004
8/31/2004
9/30/2004
10/29/2004
11/30/2004
12/31/2004
1/31/2005
2/28/2005
3/31/2005
4/29/2005
5/31/2005
6/30/2005
7/29/2005
8/31/2005
9/30/2005
10/31/2005
11/30/2005
12/30/2005
1/31/2006
2/24/2006
3/31/2006
4/28/2006
5/31/2006
6/30/2006
7/31/2006
8/31/2006
9/29/2006
10/31/2006
11/30/2006
12/28/2006
1/31/2007
2/28/2007
3/30/2007
4/30/2007
5/31/2007

-6.6%
-8.5%

-3.7%
-2.1%
-4.5%
4.1%
3.0%
-4.6%
1.8%
1.4%
1.8%
-1.9%
-3.3%
-3.4%
-5.5%
-6.7%
-5.3%
-3.5%

-1.3%
-0.8%
-2.3%
-2.9%

-0.4%
0.0%
1.0%
1.4%
-0.1%
-0.3%
-0.5%
0.1%
1.1%

2.2%
2.5%
0.9%
0.6%
0.3%
0.3%
0.8%
2.7%
2.9%
2.3%

1.0%
0.7%
0.2%
-0.3%
0.0%
1.0%
1.1%
0.2%
-1.6%
-0.9%
-1.0%

6/29/2007
7/31/2007
8/31/2007
9/28/2007
10/31/2007
11/30/2007
12/31/2007
1/31/2008
2/29/2008
3/31/2008
4/30/2008
5/30/2008
6/30/2008
7/31/2008
8/29/2008
9/30/2008
10/31/2008
11/28/2008
12/31/2008
1/30/2009
2/27/2009
3/31/2009
4/30/2009
5/29/2009
6/30/2009
7/31/2009
8/31/2009
9/30/2009
10/30/2009
11/30/2009
12/31/2009
1/29/2010
2/26/2010
3/31/2010
4/30/2010
5/31/2010
6/30/2010
7/30/2010
8/31/2010
9/30/2010
10/29/2010
11/30/2010
12/31/2010
1/31/2011
2/28/2011
3/31/2011
4/29/2011
5/31/2011
6/30/2011
7/29/2011
8/31/2011
9/30/2011

4/1/2005
4/1/2005
3/10/2004

15.4%
14.8%
15.0%
12.6%
11.1%
9.8%
8.1%

7/1/2005
7/1/2005
11/4/2003

27.2%
24.9%
22.7%
21.8%
19.6%
19.5%
20.6%
17.5%
15.9%
14.7%
12.8%
11.7%
10.3%
8.7%

10/1/2005
10/3/2005
11/4/2004

15.2%
13.6%
12.6%
11.1%
9.6%

1/1/2006
1/2/2006
3/10/2004

29.1%
29.9%
32.8%
28.3%
26.6%
25.3%
22.6%
21.6%
19.9%
18.1%
17.4%
15.7%
14.4%
12.9%
11.2%
9.3%

4/1/2006
4/3/2006
2/21/2005

7/1/2006
7/3/2006
11/4/2004

20.5%
19.4%
17.9%
15.9%
13.9%
12.3%
10.5%
8.9%

30.2%
27.4%
27.2%
25.2%
24.3%
22.7%
20.5%
18.3%
16.8%
15.1%
13.2%
11.5%
9.7%
8.1%

10/1/2006
10/2/2006
6/7/2005

23.1%
21.8%
20.1%
17.9%
16.2%
14.2%
12.3%
10.4%
8.9%
7.3%

1/1/2007
1/2/2007
2/21/2005

35.1%
34.7%
32.9%
30.3%
27.7%
26.6%
24.9%
22.5%
20.9%
18.6%
16.4%
14.4%
12.7%
10.9%
9.7%
8.7%

7.0%

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

6/18/2008
6/18/2008
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/17/2010
3/17/2010

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011

16.2%
16.6%
15.6%
13.6%
12.1%
10.6%
9.4%

29.4%
27.0%
24.2%
22.9%
21.6%
22.1%
21.0%
19.0%
17.3%
15.7%
14.5%
12.9%
11.4%
9.6%

16.8%
14.9%
13.0%
11.5%
9.8%

34.2%
34.6%
33.5%
31.2%
29.4%
27.7%
26.3%
24.5%
22.9%
20.9%
18.9%
17.4%
15.5%
13.9%
12.2%
10.4%

22.5%
20.7%
18.9%
17.1%
15.3%
13.4%
11.6%
9.9%

32.9%
30.8%
28.6%
26.9%
25.0%
23.2%
21.3%
19.4%
17.5%
15.6%
13.9%
12.3%
11.2%
8.7%

23.6%
21.7%
19.7%
17.9%
16.2%
15.1%
12.5%
10.4%
8.9%
7.3%

35.5%
33.5%
31.6%
29.6%
27.5%
25.5%
23.5%
21.6%
19.9%
18.7%
16.1%
13.9%
12.4%
10.7%
9.5%
8.1%
6.8%

-0.8%
-1.9%
-0.7%
-1.3%
-1.4%
-1.4%
-2.4%

-1.4%
-1.4%
-1.1%
-0.9%
-1.6%
-2.2%
-0.4%
-1.4%
-1.5%
-1.3%
-2.3%
-1.8%
-1.9%
-1.7%

-1.9%
-1.8%
-0.6%
-0.7%
-0.5%

-2.9%
-2.8%
-0.4%
-1.9%
-2.0%
-1.8%
-2.9%
-2.6%
-2.7%
-2.8%
-1.6%
-1.9%
-1.5%
-1.4%
-1.6%
-2.1%

-1.8%
-1.2%
-1.2%
-1.4%
-1.8%
-1.7%
-1.9%
-2.2%

-1.7%
-2.3%
-1.0%
-1.3%
-0.5%
-0.4%
-0.7%
-1.1%
-0.7%
-0.7%
-0.9%
-1.2%
-2.5%
-1.3%

-0.4%
0.1%
0.3%
0.0%
0.0%
-1.1%
-0.4%
0.0%
0.0%
0.0%

-0.2%
0.7%
0.8%
0.4%
0.1%
0.8%
1.1%
0.7%
0.9%
-0.1%
0.4%
0.6%
0.4%
0.4%
0.3%
0.9%
0.4%

4/1/2007
4/2/2007
10/3/2005

7/1/2007
7/2/2007
6/7/2005

25.8%
23.3%
20.7%
18.5%
16.5%
14.7%
13.5%
12.7%

37.7%
36.9%
35.3%
32.1%
30.9%
28.2%
25.0%
22.7%
20.5%
18.7%
17.4%
17.1%

10/1/2007
10/1/2007
2/22/2006

1/1/2008
1/2/2008
7/27/2005

24.6%
22.9%
21.6%
22.0%

47.8%
46.4%
42.2%
41.3%
38.3%
34.2%
31.3%
28.5%
27.0%
25.7%
26.8%

4/1/2008
4/1/2008
8/11/2006

7/1/2008
7/1/2008
12/15/2005

44.0%
40.3%
36.8%
35.9%
34.6%
37.0%

10/1/2008
10/1/2008
6/14/2007

1/1/2009
1/2/2009
5/12/2006

48.7%

10.7%
9.3%
7.7%
6.4%

14.7%
13.0%
11.3%
9.8%
8.4%
7.2%
6.0%

19.1%
17.1%
15.0%
13.5%
11.8%
10.5%
9.2%
8.1%
7.1%
5.9%

23.6%
21.2%
18.8%
17.2%
15.2%
13.8%
12.4%
11.2%
10.1%
8.9%
7.6%
6.5%
5.4%

22.7%
21.0%
18.8%
17.3%
15.6%
14.4%
13.1%
11.8%
10.3%
9.1%
8.0%
7.1%
6.2%
5.3%

33.2%
29.8%
27.0%
25.1%
22.6%
20.9%
19.0%
17.7%
16.3%
14.9%
13.1%
11.8%
10.7%
9.8%
9.1%
8.1%
7.2%
6.3%
5.4%

13.6%
12.9%
12.4%
11.2%
10.2%
9.5%
8.7%
7.6%
6.6%
5.9%

43.9%
39.6%
36.2%
34.1%
31.1%
29.0%
26.4%
25.1%
23.3%
21.6%
19.3%
17.5%
16.6%
15.9%
15.8%
14.4%
13.4%
12.8%
12.2%
11.0%
9.9%
9.3%
8.6%
7.7%
6.8%

3/18/2009
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/18/2009
3/18/2009
3/18/2009
3/18/2009
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/16/2011
3/16/2011

3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/17/2010
3/16/2011
3/16/2011
3/16/2011
3/16/2011

3/16/2011
3/7/2012
3/7/2012

3/16/2011
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012

3/16/2011
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012

3/16/2011
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2013
3/7/2013

3/16/2011
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013

3/7/2012
3/7/2012
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2014
3/7/2014

3/16/2011
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

23.6%
22.4%
19.6%
17.4%
15.8%
14.1%
12.9%
11.4%
10.1%
8.8%
7.5%
6.3%

35.2%
33.1%
31.0%
29.0%
27.1%
26.0%
23.1%
20.8%
19.2%
17.4%
16.2%
14.7%
13.3%
12.0%
10.6%
9.4%
8.2%
7.2%
6.1%

22.5%
20.7%
19.4%
17.9%
16.5%
15.1%
13.7%
12.5%
11.3%
10.2%
9.1%
7.9%

40.5%
38.2%
36.1%
34.2%
33.0%
30.0%
27.5%
25.8%
24.0%
22.6%
21.1%
19.6%
18.2%
16.8%
15.5%
14.3%
13.1%
12.0%
10.8%

19.9%
18.7%
17.4%
16.1%
15.0%
13.7%

37.2%
34.6%
32.8%
30.8%
29.4%
27.7%
26.3%
24.8%
23.2%
22.0%
20.6%
19.4%
18.2%
16.9%

36.2%
34.6%
33.0%
31.4%
30.0%
28.6%
27.3%
26.0%
24.7%

7.0%
5.8%

9.8%
8.7%
7.7%
6.6%
5.6%

12.8%
11.6%
10.5%
9.4%
8.4%
7.4%
6.3%
5.5%

15.9%
14.7%
13.6%
12.5%
11.5%
10.4%
9.3%
8.4%
7.4%
6.5%
5.6%

15.0%
13.9%
12.8%
11.9%
10.8%
9.8%
9.0%
7.9%
7.0%
6.1%

23.6%
22.3%
21.1%
19.9%
18.8%
17.7%
16.5%
15.6%
14.4%
13.5%
12.6%
11.5%
10.5%
9.5%
8.6%
7.6%
6.5%

1.6%
0.7%
0.8%
0.9%
0.7%
0.6%
0.6%
1.5%
0.9%
0.7%
0.4%
0.2%

1.2%
2.0%
2.4%
1.8%
2.2%
1.4%
1.3%
1.3%
1.0%
1.0%
1.1%
2.2%
1.4%
1.1%
0.8%
0.5%
0.2%
0.1%
-0.1%

1.3%
1.5%
1.5%
3.1%
2.1%
1.7%
1.3%
1.0%
0.6%
0.4%
0.2%
0.3%
0.2%
0.2%

3.0%
3.4%
2.7%
3.3%
2.6%
2.1%
2.0%
1.4%
1.8%
1.9%
3.6%
2.7%
2.1%
1.6%
1.3%
0.8%
0.7%
0.4%
0.4%
0.3%
0.3%
-0.1%
-0.2%

1.8%
1.6%
1.0%
0.9%
0.5%
0.6%
0.3%
0.3%
-0.2%
-0.4%

2.7%
2.4%
1.7%
2.3%
2.4%
4.4%
3.4%
2.6%
2.1%
1.8%
1.2%
1.0%
0.5%
0.6%
0.3%
0.1%
-0.4%
-0.6%

4.7%
3.6%
2.7%
2.1%
1.8%
1.1%
0.8%
0.2%
0.2%
-0.1%
-0.4%
-1.1%
-1.5%

-0.4%

-0.5%
-0.4%
-0.2%
-0.4%

-0.8%
-0.6%
-0.3%
-0.5%
-0.4%
-0.3%
-0.4%

-1.1%
-0.9%
-0.3%
-0.7%
-0.6%
-0.4%
-0.3%
-0.4%
-0.6%
-0.4%

-1.5%
-1.2%
-0.5%
-0.9%
-0.9%
-0.6%
-0.4%
-0.5%
-0.6%
-0.3%
0.1%
0.2%
0.4%

4/1/2009
4/1/2009
3/20/2008

7/1/2009
7/1/2009
4/23/2007

10/1/2009
10/1/2009
7/13/2007

1/1/2010
1/4/2010
10/10/2007

7/1/2010
7/1/2010
3/20/2008

1/1/2011
1/3/2011
11/28/2008

7/1/2011
7/1/2011
7/5/2010

1/1/2012
1/2/2012
3/2/2009

12.8%
12.2%
11.4%
10.5%
9.3%
8.2%
6.9%

25.2%
23.1%
22.5%
22.1%
22.6%
20.6%
19.8%
19.5%
19.3%
17.9%
16.6%
16.5%
16.0%
15.3%
14.5%
13.2%
12.0%
10.6%
9.5%
8.0%
5.9%

25.5%
26.4%
24.1%
23.3%
23.4%
23.4%
21.9%
20.4%
20.5%
20.2%
19.6%
19.1%
17.5%
16.1%
14.6%
13.9%
11.9%
9.0%
7.4%
6.3%
4.9%

26.7%
27.2%
27.5%
25.8%
24.1%
24.5%
24.3%
23.7%
23.7%
21.8%
20.2%
18.8%
18.3%
16.1%
12.1%
10.3%
9.0%
7.3%
6.5%
5.4%
4.4%

32.5%
32.7%
32.2%
32.9%
30.1%
28.2%
26.9%
27.7%
24.9%
18.6%
16.3%
14.7%
12.7%
11.8%
10.3%
9.3%
8.2%
7.4%
6.7%
5.9%
5.2%
4.4%

25.9%
23.5%
21.4%
18.9%
18.1%
16.2%
15.6%
14.3%
13.3%
12.9%
12.1%
11.2%
10.5%
9.4%
8.7%
7.7%
7.3%
6.4%
5.6%

10.2%
9.1%
8.1%
7.2%
6.6%
5.6%

32.5%
32.8%
30.4%
30.2%
28.8%
28.1%
27.6%
26.7%
26.1%
25.2%
23.8%
22.5%
21.3%
21.2%
19.9%
18.7%
16.8%
15.5%
14.6%
13.5%
13.3%
12.0%
11.3%
10.5%
9.0%
8.2%
7.1%
6.1%

3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

3/7/2012
3/7/2012
3/7/2012
3/7/2012
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

3/7/2012
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

3/7/2013
3/7/2013
3/7/2013
3/7/2013
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014

3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2015
3/7/2015
3/7/2015
3/7/2015

3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015

3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2014
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2017
3/7/2017
3/7/2017
3/7/2017
3/7/2017
3/7/2017

12.8%
11.8%
10.8%
9.7%
8.5%
7.4%
6.4%

27.7%
26.4%
25.2%
24.0%
22.8%
21.8%
20.6%
19.6%
18.6%
17.5%
16.4%
15.5%
14.4%
13.4%
12.3%
11.1%
10.0%
8.9%
7.7%
6.7%
5.5%

26.7%
25.5%
24.5%
23.2%
22.2%
21.2%
20.1%
19.0%
18.0%
17.0%
15.9%
14.8%
13.6%
12.4%
11.3%
10.1%
9.0%
7.8%
6.6%
5.7%
4.7%

25.8%
24.8%
23.8%
22.6%
21.5%
20.5%
19.4%
18.4%
17.2%
16.0%
14.8%
13.7%
12.4%
11.3%
10.1%
8.9%
7.9%
6.9%
6.0%
5.2%
4.4%

25.7%
24.6%
23.5%
22.3%
21.0%
19.7%
18.6%
17.2%
16.1%
14.8%
13.6%
12.6%
11.5%
10.6%
9.7%
8.9%
8.0%
7.3%
6.6%
5.8%
5.1%
4.4%

20.9%
19.6%
18.5%
17.4%
16.4%
15.5%
14.7%
13.7%
13.0%
12.2%
11.4%
10.7%
9.9%
9.1%
8.5%
7.7%
7.0%
6.2%
5.3%

10.2%
9.2%
8.3%
7.5%
6.6%
5.6%

#N/A
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-1.1%
-1.6%

0.0%
0.5%
0.7%
1.0%
1.2%
1.4%
1.2%

-1.4%
-1.0%
-0.1%
-0.7%
-0.5%
0.0%
0.5%
0.3%
0.1%
0.8%
1.3%
1.7%
2.2%
2.3%
2.4%
2.2%
2.8%
2.3%
1.0%

-0.6%
0.4%
-0.2%
0.0%
0.6%
1.2%
1.1%
0.9%
1.6%
2.3%
2.7%
3.4%
3.4%
3.4%
3.3%
4.2%
3.5%
1.7%
1.3%
1.0%
0.3%

0.4%
1.1%
1.8%
1.7%
1.4%
2.2%
2.9%
3.3%
4.2%
4.0%
4.0%
4.1%
5.1%
4.4%
2.0%
1.5%
1.2%
0.5%
0.7%
0.4%
0.0%

3.0%
3.7%
4.1%
5.2%
4.7%
4.6%
4.7%
6.2%
5.5%
2.5%
2.0%
1.5%
0.9%
1.0%
0.5%
0.4%
0.2%
0.1%
0.2%
0.1%
0.0%
0.1%

2.5%
2.0%
1.6%
0.8%
1.0%
0.4%
0.7%
0.4%
0.3%
0.6%
0.6%
0.5%
0.6%
0.3%
0.3%
0.1%
0.5%
0.4%
0.6%

0.0%
-0.2%
-0.3%
-0.4%
0.1%
-0.1%

#N/A
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1/1/2013
1/2/2013
1/4/2010

1/1/2014
1/2/2014
1/3/2011

1/1/2015
1/2/2015
1/3/2011

40.5%
38.1%
36.8%
37.2%
35.3%
33.4%
31.6%
29.3%
28.8%
27.7%
27.7%
26.1%
26.1%
24.8%
23.4%
22.2%
20.7%
19.6%
18.5%
15.2%

42.6%
40.7%
40.0%
37.9%
35.9%
34.9%
34.3%
28.4%

61.0%
58.4%
58.6%
56.0%
53.2%
52.0%
52.0%
43.7%

13.3%

26.6%

42.0%

3/7/2014
3/7/2014
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
3/7/2015
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