Investment Performance

Schultz Financial Mgmt Corp

Risk-Controlled Portfolios for Serious Investors

Investment Performance Data

(updated through 4-21-06)

We actively manage investment portfolios for our clients that are diversified by "asset class" and "investment strategy" for varying risk / reward objectives. Alternatively, we may create a unique portfolio tailored to your personal investment objectives and preferences.

The investment performance data of our diversified model risk-controlled portfolios as well as the investment strategies used within the portfolios are shown in the tables below.

Risk-Controlled Model Portfolios

Model Portfolio	2006	2005	2004	2003
High Income	0.95%	NA	NA	NA
20/60/20 Benchmark	0.42%	NA	NA	NA
Conservative	4.73%	6.64%	12.79%	24.45%
30/60/10 Benchmark	1.23%	3.19%	6.27%	11.17%
Moderate Gr & Inc.	5.29%	5.68%	14.39%	26.03%
40/50/10 Benchmark	1.91%	3.42%	6.85%	13.64%
Balanced Gr & Inc.	6.53%	5.89%	15.30%	27.60%
50/40/10 Benchmark	2.55%	3.65%	7.43%	16.09%
Growth & Income	6.92%	6.28%	17.44%	28.55%
55/45/0 Benchmark	2.65%	3.72%	8.09%	17.63%
Diversified Growth	7.31%	6.39%	17.85%	30.28%
60/40/0 Benchmark	2.97%	3.83%	8.38%	18.86%

Performance figures (blue) are hypothetical total returns based on the target investment weights given to each investment strategy in its corresponding model portfolio. These figures do not include investment management fees.

Each "Benchmark" return (black) has been determined to be of comparable risk to the corresponding model portfolio. These blended benchmarks have been derived by combining the total returns of the S&P 500 Composite Index, the Lehman Brothers Aggregate Bond Index, and the Citigroup 3 Month T-Bill index in the ratios given.

Investment Strategies in our

Managed Accounts

Investment Strategy	2006	2005	2004	2003
High Quality Bonds	-6.44%	5.2%	13.2%	13.8%
Morningstar L Govt	-4.84%	3.5%	7.8%	2.2%
Quality Growth Stks	5.52%	5.3%	18.0%	33.3%
S&P 500 Index	5.53%	4.9%	10.7%	28.2%
Dividend Inc Stocks	11.32%	8.9%	23.1%	23.9%
DJ Industrial Avg.	6.57%	1.7%	5.3%	28.3%
Real Estate Inc. Stks	12.61%	6.9%	31.0%	32.1%
DJ Equity REIT Index	11.46%	11.1%	32.1%	36.7%
Timed Bond Fund	1.38%	3.9%	5.6%	29.3%
LB Aggr Bond Index	-0.86%	2.5%	4.3%	4.1%
Timed Stock Funds	11.40%	17.8%	12.1%	28.7%
S&P 500 Index	5.53%	4.9%	10.7%	28.3%
Timed Large Gr Stks*	0.84%	-0.8%	21.1%	8.8%
S&P 500 Index	5.53%	4.9%	10.7%	8.4%
Timed Mid Gr Stks*	10.05%	-6.7%	28.7%	NA
Russell MidCap Gr Idx	9.32%	12.1%	8.5%	42.7%
Long / Short Strategy	7.68%	9.4%	NA	NA
Morn Long Short	3.46%	NA	NA	NA

Total return figures (blue) are actual returns realized by a representative client invested in the designated investment strategy managed by Schultz Financial Mgmt Corp. These figures do not include investment management fees.

*Total returns figures (purple) are returns of our model strategy for one or more quarters before actual client returns were available.

Total returns figures for benchmark indices (black) are shown for comparison purposes with the corresponding investment strategy.

Investment Strategies

using Mutual Funds

Mutual Fund	2006	2005	2004	2003	2002	2001
Covered Call	3.74%	15.4%	9.9%	23.1%	-12.2%	-2.0%
S&P 500 Index	5.53%	4.9%	10.7%	28.2%	-22.23	-11.9%
Convertible	7.66%	8.1%	7.5%	27.2%	-4.6%	-4.2%
Morn Conv Avg	5.97%	3.1%	8.4%	26.3%	-7.9%	-6.8%
Int'l Value	15.93%	16.8%	21.8%	41.4%	12.5%	5.4%
MSCI EAFE	14.56%	14.0%	20.7%	39.2%	-16.0%	-21.4%

Performance figures (blue) are total returns of third party mutual funds (actual fund name not given) used by Schultz Financial Management since 2001.

Total returns figures for benchmark indices (black) are shown for comparison purposes with the corresponding investment strategy.

Investment Strategies

(Click on strategy

for description)

Core Bonds

Trend Bonds

Hedge Funds

Core Stocks