Our Investment Performance

Growth Portfolio | Income Portfolio | Energy Portfolio

Global Power & Energy Composite

Performance since Inception (7/31/05 to 3/31/08)
Power (Gross of Fees)	63.0%
Power (Net of Fees)	54.6%
S&P 500 GICS Energy Sector Benchmark	60.4%

Total Returns by Year
	Gross	Net	Benchmark
2008 (as of 3/31/08)	-8.3%	-8.8%	-7.2%
2007	45.6%	42.8%	34.4%
2006	12.3%	10.1%	24.2%
2005 (7/31-12/31)	8.7%	7.8%	3.6%

Continue to our Growth Portfolio Performance

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"The traditional allocation is among stocks, bonds, and cash. We think this is a meaningless approach and investors should think strictly in terms of growth, income, and market insurance."

• Asset Allocation: An Unconventional View

• Appearances by Stephen Leeb

• Stephen Leeb in Business Week

Our Investment Performance

Global Power & Energy Composite

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