ERS’s Micro-Cap Insight I™ (MCI I™) produced the results below in 4 historic studies:

Micro-Cap Insight I™ – 3-Year Study
Average 1-year return: 56.6%

Hold
Period		 # of
Co’s		 MCI I™
Return		 S&P 500
Return
3 Months 72 27.5% 1.8%
6 Months 66 33.9% 1.5%
9 Months 52 52.3% 2.4%
1 Year 44 56.6% 2.3%
1.5 Years 30 81.8% 0.7%

Micro-Cap Insight I™ – 5-Year Study
Average 1-year return: 89.5%

Hold
Period		 # of
Co’s		 MCI I™
Return		 S&P 500
Return
3 Months 116 30.0% 10.6%
6 Months 111 31.9% 14.9%
9 Months 98 55.8% 22.1%
1 Year 91 89.5% 30.3%
2 Years 71 158.0% 56.2%

Micro-Cap Insight I™ – 10-Year Study
Average 1-year return: 56.0%

Hold
Period		 # of
Co’s		 MCI I™
Return		 S&P 500
Return
3 Months 167 23.5% 7.4%
6 Months 160 23.4% 11.0%
9 Months 150 39.7% 15.9%
1 Year 143 56.0% 21.4%
2 Years 119 107.6% 39.8%

Micro-Cap Insight I™ – 25-Year Study
Average 1-year return: 38.0%

Hold
Period		 # of
Co’s		 MCI I™
Return		 S&P 500
Return
3 Months 367 9.7% 2.7%
6 Months 363 15.6% 5.2%
9 Months 351 27.0% 8.5%
1 Year 347 38.0% 12.9%
2 Years 328 76.4% 22.1%