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Coleman ETF Fund

Coleman ETF Fund. Sector & Regional Captain Presentations. Domestic Sectors. Consumer Staples & Water Utilities Bob Goslin Mike Cavanaugh. Coleman: Domestic ETFs. Consumer Staples. Consumer Staples. Powershares Dynamic Consumer Staples – PSL. iShares Dow Jones U.S.

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Coleman ETF Fund

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  1. Coleman ETF Fund Sector & Regional Captain Presentations

  2. Domestic Sectors

  3. Consumer Staples & Water Utilities Bob Goslin Mike Cavanaugh Coleman:Domestic ETFs

  4. Consumer Staples

  5. Consumer Staples Powershares Dynamic Consumer Staples – PSL iShares Dow Jones U.S. Consumer Services – IYC Morningstar Rating: Net Assets: $ 160 million Morningstar Risk Rating: Low Morningstar Return Rating: Average Morningstar Rating: • Net Assets: $39 million • Morningstar Risk Rating: Average • Morningstar Return Rating: Average

  6. PowersharesDynamic Consumer Staples – Ticker: PSL Top 10 Holdings: % YTD Return% Net Assets 57.29 2.70 20.06 2.66 10.01 2.65 -2.46 2.64 13.79 2.61 19.82 2.57 15.66 2.54 12.08 2.51 12.14 2.48 20.97 2.39 Walgreen Co. Coca-Cola Co. General Mills, Inc. Proctor & Gamble Co. Philip Morris Int’l Inc. Kellogg Company Colgate-Palmolive Co. PepsiCo. Inc. Archer Daniels Midland Kimberly-Clark Corp.

  7. iShares Dow Jones U.S. Consumer Services – Ticker: IYC Top 10 Holdings: % YTD Return% Net Assets -8.67 8.85 -0.64 5.19 26.84 4.13 23.53 3.83 11.36 3.47 128.35 3.04 61.50 2.98 37.31 2.86 44.11 2.67 -15.14 2.44 Wal-Mart Stores, Inc. McDonald’s Corp. CVS Caremark Corp. Walt Disney Co. Home Depot, Inc. Amazon.com Walgreen’s Co. Time Warner, Inc. Target Comcast, Inc.

  8. Performance Comparison:Consumer Staples

  9. Other Key Figures: Consumer Staples

  10. Water Utilites

  11. Water Utilities Powershares Water Resources – PHO Morningstar Rating: • Net Assets: $1,328 Million • Morningstar Risk Rating: Above Average • Morningstar Return Rating: Above Average

  12. Powershares Water Resources Top 10 Holdings: % YTD Return% Net Assets -18.29 5.17 8.03 5.15 21.27 5.14 -3.04 5.14 7.69 5.06 -3.92 4.60 22.01 4.56 17.29 4.16 94.29 4.12 -1.65 3.93 AECOM Technology Corp. Tetra Tech, Inc. Valmont Industries, Inc. URS Corporation Veolia Environment ADR Itron Inc. Danaher Corporation Roper Industries, Inc. Flowserve Corporation Ameron International, Inc.

  13. Performance – PHO

  14. Other Key Figures: Water Utilities

  15. November 5, 2009 Pavala Kane: Information Technology Olivia Pietrunti: Personal Products Sumedha Verma: Household Products Ebele Nwaoduah: Food Products Kevin Hylinski: Household Durables Domestic ETF’s

  16. Information Technology • Corporate efficiency • After layoffs • Small IT budgets • Positive growth in most areas of outsourcing • Risk: US unemployment • Health Care industry • Obama • Evolution Decision:YES

  17. Vanguard Information Technology ETF - VGT • Price: $49.77 • Key Holdings: • Microsoft (9.43%) • IBM (7.93%) • Hewlett- Packard (5.23%) • Accenture (1.07%) • Automatic Data Processing (0.94%) • Includes software, hardware, internet, and other tech related stocks • Mostly large-cap > long-term competitive advantage • 0.25% expense ratio

  18. Personal and Household Products • Pantry and Medicine Cabinet “de-stocking” • Emphasis on value products • Margins • Much restructuring within the sub-industries - costs • Weak consumer spending • Weakening dollar • International business • A few strong picks Decision: NO

  19. Food Products • Agricultural products and packaged foods • Cooking rather than dining out • Inexpensive brands, reduced purchase volume, coupons • Consolidation among retailers - overhead • Hyper Markets & Super Centers • Defer spending on others goods • Commodity prices - wheat, corn, and cattle Decision: YES

  20. Vanguard Consumer Staples ETF - VDC • Price: $65.31 • Key Holdings: • Wal-Mart Stores (9.35%) • Coca-Cola Company (8.09%) • Kraft Foods (3.81%) • Costco Wholesale (1.99%) • General Mills (1.81%) • Kroger Company (1.24%) • Brings in strong personal products (PG and CL) • Mature and stable cash flows

  21. Household Durables • Appliances and Furniture • Highly correlated to real estate and consumer spending • Unemployment and household debt hurt home improvement spending • Absent replacement cycle • major kitchen and laundry appliances • Furniture has minimum pricing power and low net margins Decision: NO

  22. Energy Equipment & ServicesConstruction & EngineeringSoftwareMetals & Mining

  23. Energy Equipment & Services • Credit crisis, global recession, price volatility • = pullback in capital spending by producers • Brunt of the pullback is in North America and natural gas • ST: greater emphasis on development • LT: demand should recover as demand for oil recovers • Increased efforts to boost supply • Companies searching for additional drilling opportunities

  24. SPDR S&P Oil & Gas Equipment Services ETF (XES) • Positive outlook for industry as a whole • Economic recovery, expectations of increased oil consumption • Thin spare capacity, high field depletion rates • ETF: • 63.27% YTD / -14.48% 1 Yr / 1.65% 3 Yr • Holdings relatively equal • Schlumberger, Haliburton, FMC Tech, Baker Hughes

  25. Construction & Engineering • Negative • No significant growth expected within investment horizon • Sector relies on big construction projects, which are at a standstill due to economic environment

  26. Software Industry • International • Current ST cut backs in technology spending • Companies implementing new technologies to save time and resources • Positive trends: • Consolidation • Rapid growth of the internet and network computing • Demand for systems software and applications that take advantage of new tech

  27. iShares S&P North American Technology-Software Index Fund (IGV) • Tracks US-traded software related stocks • 36.82% YTD / -0.41% 1 YR / 0.21% 3 YR / 4.82% 5 YR • Microsoft, Adobe, Symantec, Oracle

  28. Metals & Mining • Highly sensitive to business cycle • High gold / silver / copper prices + weak dollar = good returns • Coal producers should perform well due to electricity, steel demand • Global in scale • Con: if economy doesn’t recover, then not a good sector

  29. SPDR S&P Metals and Mining ETF(XME) • Tracks S&P select industry • 65.35% YTD / -1.84% 1 YR / 4.20% 3 YR • Freeport-Mcmoran, Newmont Mining, Alcoa, Nucor, Consol Energy

  30. Regional ETFs

  31. Euro Zone Region

  32. Eurozone Region • Recommended for investment • Germany • Not recommended for investment • Austria • Belgium • France • Italy • Netherlands • Spain

  33. Germany • Pros • Manufacturing stabilizing and improving • Exports stabilizing and improving • Stable government • Cons • Slow growth • Consumer demand • Business investment

  34. Germany ETF • Name: iShares MSCI Germany Index Fund • Ticker: EWG • Sector Weights:

  35. Asian Region

  36. CHINA FTSE/Xinhua China 25 Index Fund (FXI) • Pros- Net Assets- $8.860 Million • 8.7% GDP growth expected • Pipeline from Russia • Gradual decrease in deficit • Cons- Domestic Politics!! • Hu vs. Xi • Ethnic Minorities • Trade Tensions • 50% Financials

  37. Taiwan MSCI Taiwan Index Fund (EWT) • Pros- Bilateral Trade Agreement with China • 58.5% IT • Top Holding are strong • Expect Rate Cuts Mid 2010 • Cons- Domestic Politics!! • Former Pres. Typhoon • Infrastructure • High Speed Rail • 15.68% Financials

  38. South KoreaMSCI South Korea Index Fund Pros- -Diversity -Top Holdings -Ties to Superpowers -Business Friendly -Lower Fiscal Spending Cons- -North Korea -Volatile Currency (EWY)

  39. Sweden & Turkey

  40. Turkey

  41. Pros: • 2002-2007 solid GDP growth of around 7% per year • Privatization a key to economic growth • Young and urbanizing population • Reduction in Debt/GDP ratio • Monetary policy focused on lowering inflation

  42. EIU’s overall business rating got upgraded from 5 to 6 in 2004 • Macroeconomic stability rating went up from 6 to a 7 in 2007 • Bright spot in Europe • Contributes towards geographical diversification

  43. Cons: • Several short comings in country’s infrastructure still persist • Prone to severe economic and financial crises (e.g. 2001) • 2009 real GDP was -5.7% • Terrorist attacks can be an economic threat

  44. TUR (MSCI Turkey Investable market Index)

  45. Fund Inception date: 3/26/2008 • Tracks the IMI index (0.99 correlation) Inception: 1994 • ETF has been performing very well YTD: up 89% 1 year: up 16.83% • Recommendation: YES

  46. Sweden

  47. Pros • The Swedish economy appears to bottom in fourth quarter 2008 • Second quarter 2009 economic results were better than expected • EIU’s Overall business environment rating is at 8 • Government has committed itself to Skr38bn ($US4.5bn) of additional spending through 2011 • Trade and service surplus are expected to narrow but remain positive through the end of 2010

  48. Cons • GDP projected to be under 2% for the next two years • Macroeconomic rating has dropped from 10 to 8 in recent times. • The Krona has been weakening since September 2008 • Slump in global demand has hurt Sweden exports tremendously • Recovering credit markets

  49. EWD (MSCI Sweden Index)

  50. Good returns in recent times: YTD up around 60% 1 year around 19% • Since inception up 8.65 % Recommendation: YES

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