leading sires by ci and cpi the thoroughbred 1% t Distorted...

m a r k e t w a t c h . b l o o d h o r s e . c o m / 1

InformatIon and analysIs for the thoroughbred Investor

NOVEMBER 2011

2011 Quality of Mares BredBy Scot T. Gillies

The Blood-Horse MarketWatch is

published by Blood-Horse Publications,

3101 Beaumont Centre Circle,

P.O. Box 919003,

Lexington, KY 40591-9003.

Telephone: 859 278-2361

E-mail: [email protected]

2. leading sires by ci and cpi

3. Quality of mares bred by stud fee

10. Quality of mares bred by 2011 incoming stallions

11. leading sires by cpi of young/maiden mares

12. north american stakes races

13. thoroughbred investing Claiming

16. blog recapDynaformer Dynasty

the thoroughbred 1%

the leading Thoroughbred stud farms of Kentucky’s bluegrass region are 700 miles distant

from the financial trade zone of New York’s Wall Street. No one could mistake the former’s rolling hills and frolicking foals for the latter’s columned facades and frenetic brokers. But each represents a monied elite. To borrow a term making headlines recently because of the “Occupy” movement, one small group of Kentucky-based stal-lions makes up the 1% of the Thoroughbred breeding market.

In this industry, though, the 1% label is highly esteemed: Only stallions that have proved themselves can command top fees, and breeders reward them every year with the highest-quality book of mares.

Six North American stall ions stood for $100,000 or more in 2011, marking a steady decline in the number of listed six-figure fees during the new century (see chart below). The category loses a longtime member in 2012 with the departure of A.P. Indy, whose 25 covered mares in 2011 prior to being pensioned are the minimum to qualify for this The Blood-Horse MarketWatch annual study. In the past dozen years A.P. Indy has led all other stallions twice by Comparable Index (CI)—a measure of the produc-tion quality of a stallion’s book of mares—and has been in the top three six other times. Lane’s End’s dominant son of Seattle Slew chalks up his final ranking in 2011, taking second place among six-

figure stallions to WinStar’s Distorted Humor, who shows no sign of relinquishing the top spot he has held since the 2008 breeding season.

A.P. Indy’s retirement makes room atop the lead-er lists for fellow one-percenters to receive great racemares in addition to great producers. During the same 12-year span A.P. Indy has led all other sires by Class Performance Index (CPI)—a mea-

sure of the quality of mares as racehorses—two times, and has been in the overall top three every year except 2001. In his final year at stud, he earns second place behind Street Cry, who leads the $100,000-plus brigade again in 2011 after bowing to fellow Darley stallion Medaglia d’Oro in 2010. Darley’s internationally-renowned broodmare band includes many of the best grade and group I-winning

mares from the past decade, ensuring both Street Cry and Medaglia d’Oro continued support in the breed-ing shed and high CPI calculations.

Throughout the 11 previous years MarketWatch has reported on the book quality of North American

sires, the three leading six-figure stallions have always claimed the high-est overall CI and CPI rankings. In 2011 two stallions upset the estab-lished pattern, at least temporarily. Gainesway’s Tapit, who stood for $80,000 in 2011, posts a 4.73 CI for mares bred, the second-highest of all stallions. Another Darley stallion becomes the first QMB rankings

(Continued on page 2)

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Street Cry (IRE)

Leading Stallions by Quality of Mares Bred, 2000-11

YearNo.

Stallions CI Leader CI CPI Leader CPI

2011 Stud Fee $100,000 and up2011 6 Distorted Humor 6.29 Street Cry (IRE)* 11.23

2010 7 Distorted Humor 6.09 Medaglia d'Oro 13.97

2009 9 Distorted Humor 6.30 Street Cry (IRE) 14.95

2008 15 Distorted Humor 7.36 A.P. Indy 13.37

2007 17 Storm Cat 8.98 Kingmambo 16.87

2006 17 Storm Cat 6.82 Storm Cat 16.87

2005 13 A.P. Indy 7.56 A.P. Indy 15.89



2002 14 A.P. Indy 7.27 Danzig 12.99


2000 9 Deputy Minister 7.91 Storm Cat 19.13*Bernardini's 12.14 CPI tops all stallions; his 2011 fee was $75,000.

2 / m a r k e t w a t c h . b l o o d h o r s e . c o m

2011 Quality of Mares Bred

Leading Sires by 2011 CI

Sire*11 CI

[QMB]2011 MB

$100,000 and upDistorted Humor 6.29 119

A.P. Indy 4.64 25

Street Cry (IRE) 4.51 131

$50,000-$99,999Tapit 4.73 157

Bernardini 4.13 159

Indian Charlie 3.81 136

Tiznow 3.78 133

Smart Strike 3.48 149

Giant's Causeway 3.27 198

$25,000-$49,999Candy Ride (ARG) 3.41 182

Lookin At Lucky 3.25 156

Blame 3.19 109

Eskendereya 3.05 137

Quality Road 2.90 149

Afleet Alex 2.63 155

Henrythenavigator 2.57 189

First Samurai 2.57 45

Curlin 2.55 129

Stormy Atlantic 2.34 125

Arch 2.31 111

Bluegrass Cat 2.25 149

$15,000-$24,999

Unusual Heat 2.97 60

War Front 2.59 103

Roman Ruler 2.47 36

Congrats 2.43 205

Super Saver 2.26 145

Successful Appeal 2.18 96

Perfect Soul (IRE) 2.06 55

Summer Bird 2.05 148

Midshipman 1.93 104

City Zip 1.93 149

Bernstein 1.92 102

Colonel John 1.89 128

$10,000-$14,999All American (AUS) 2.37 47

Northern Afleet 2.11 132

Wildcat Heir 2.10 134

Majesticperfection 2.01 128

Divine Park 1.97 59

Mizzen Mast 1.96 78

Afleet Express 1.94 54

Chapel Royal 1.87 43

Desert Party 1.79 121

$5,000-$9,999Hat Trick (JPN) 3.21 41Cowboy Cal 2.62 41Giacomo 2.23 37Where's the Ring 2.15 71Sligo Bay (IRE) 2.14 32Circular Quay 2.05 46Old Forester 2.04 112D'wildcat 1.94 46

Under $5,000Maimonides 2.87 60

Alumni Hall 2.44 25

Vronsky 2.08 33

Decarchy 1.88 34

Rebellion (GB) 1.85 26

Thorn Song 1.81 43

Leading Sires by 2011 CPI

Sire*11 CPI

[QMB]2011 MB

$100,000 and upStreet Cry (IRE) 11.23 131

Medaglia d'Oro 11.08 156

A.P. Indy 8.51 25

$50,000-$99,999Bernardini 12.14 159

Tapit 8.31 157

Smart Strike 7.76 149

Giant's Causeway 6.81 198

Pulpit 6.37 88

Tiznow 5.98 133

$25,000-$49,999Candy Ride (ARG) 6.77 182

Stormy Atlantic 5.69 125

English Channel 5.43 102



Curlin 4.88 129

More Than Ready 4.29 132

Blame 4.24 109

Hard Spun 4.21 131

Arch 4.01 111


Sky Mesa 3.88 149

$15,000-$24,999Roman Ruler 5.50 36

Midnight Lute 3.91 96

War Front 3.70 103

Ghostzapper 3.41 119


Zensational 3.24 98

Summer Bird 3.17 148

Discreet Cat 3.16 90

City Zip 3.04 149

Congrats 3.02 205

Macho Uno 2.82 75

Perfect Soul (IRE) 2.77 55

$10,000-$14,999Mizzen Mast 3.33 78Mutakddim 3.19 25Touch Gold 2.94 30War Chant 2.77 48Divine Park 2.71 59Holy Bull 2.69 33Northern Afleet 2.61 132El Corredor 2.61 45U S Ranger 2.60 114

$5,000-$9,999Jazil 4.08 32

First Defence 3.25 41

Pleasantly Perfect 3.01 119

Old Forester 3.00 112

Latent Heat 3.00 132

Tizdejavu 2.90 79

Papa Clem 2.59 103

Under $5,000North Light (IRE) 4.93 32

Milwaukee Brew 3.59 45

Thorn Song 3.57 43

Not Bourbon 3.02 52

The Pamplemousse 2.79 25

Storm and a Half 2.71 52

leader standing for less than $100,000: Bernardini’s 12.14 CPI makes him the leader of all North American stallions, regardless of fee range, again showing the influence of Darley’s top-notch bloodstock holdings. Bernardini stood for $75,000 in 2011. Both of these stallions’ records are anomalous; Tapit will enter the elite category in 2012 with a $125,000 stud fee, as will Bernardini at $150,000.

Bernardini, Street Cry, Tapit, and Medaglia d'Oro also rank first through fourth in the CPI quality of young and maiden mares—those without foals of racing age in 2011. (See chart on page 11.)

Ashford Stud's Lookin At Lucky leads 2011 entering sires in both CI and CPI rankings. Zensational, who stands at Hill 'n' Dale Farms, maintains his sire crop's top CPI ranking from 2010 but cedes CI honors to Vinery Florida's Maimonides, who was unranked in his first book of mares. (Find young stallion leader charts on pages 10-11.)

The statistics cited in MarketWatch’s Quality of Mares Bred study require a short explanation. The figures repre-sented throughout this report indicate book quality—they calculate the production and race records of all mares reported bred to each sire. These numbers often vary sig-nificantly from the data included in our annual Quality of Dams study (run in the September issue), which are a more historically important reflection of a stallion’s foal crop. M

Quality of Mares Bred (Continued from page 1)

The Comparable Index is calculated similarly to the Average Earn-ings Index (AEI) for Thoroughbred stallions, but the CI attempts to as-sess the producing quality of dams. Both AEI and CI are based on a comparison of a select group of foals’ racing results to the average earnings of all other runners competing in the same country during a given year. AEI compares the average earnings of a stallion’s progeny with those of all other runners, while CI represents the average earnings for runners by other sires out of mares bred to the subject stallion in relation to all other runners.

The Class Performance Index identifies mares that excelled as run-ners. CPI is a ratio of a mare’s earnings to the average earnings of all other female runners—in the same country and of the same age—during the reported year. While breeders tend to favor CI rankings because they indicate proven production history, one advantage of the CPI is that it includes all mares in the stallion’s book, regardless of whether they have prior runners.

Average Earnings Index (AEI) &Comparable Index (CI) for Sires

CIAEI

Mares bred to Mr. Prospector

Foals by Mr. Prospector Foals by Other Sires

Total Avg.Earnings

Total Avg.Earnings

* Progeny racing in the same country during a specifi c year.

. . . .

Total Avg.Earnings of

All Other Sires' Progeny*

Total Avg.Earnings of

All Other Sires' Progeny*


Stallion

1stCropYear

2011Stud Fee

2011 MB (Unraced Mares)

10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Afleet Alex 2007 $25,000 155 (38) 150 (107) 2.63 1.59 1.75 3.61 2.70

Arch 2000 $30,000 111 (11) 107 (85) 2.31 1.83 1.78 4.01 2.47

Big Brown 2010 $40,000 114 (21) 98 (74) 1.86 1.76 1.91 2.31 3.58

Blame 2012 $35,000 109 (12) 3.19 4.24

Bluegrass Cat 2008 $25,000 149 (24) 147 (108) 2.25 1.84 1.93 2.92 2.40

Broken Vow 2003 $25,000 93 (14) 135 (104) 1.89 2.17 2.22 3.09 2.95

Candy Ride (ARG) 2006 $40,000 182 (25) 187 (143) 3.41 2.45 2.35 6.77 4.35

Corinthian 2009 $25,000 147 (22) 150 (113) 1.73 1.57 1.70 2.48 2.57

Curlin 2010 $40,000 129 (24) 150 (121) 2.55 2.43 2.54 4.88 4.00

English Channel 2009 $25,000 102 (11) 109 (85) 1.86 1.89 1.95 5.43 5.26

Eskendereya 2012 $30,000 137 (20) 3.05 3.90

Exchange Rate 2003 $25,000 76 (13) 117 (84) 1.71 2.09 1.92 2.79 3.32

First Samurai 2008 $25,000 45 (6) 107 (78) 2.57 2.20 2.22 3.48 4.13

Hard Spun 2009 $30,000 131 (23) 137 (97) 2.01 1.77 2.33 4.21 3.48

Harlan's Holiday 2005 $25,000 158 (28) 162 (122) 2.15 1.63 1.71 3.13 2.77

Henrythenavigator 2010 $35,000 189 (27) 169 (111) 2.57 2.93 2.55 3.37 4.20

Kitten's Joy 2007 $25,000 144 (19) 174 (144) 1.97 1.72 1.62 1.89 2.06

Lemon Drop Kid 2002 $35,000 126 (17) 145 (116) 1.78 1.96 1.99 3.36 4.13

Lookin At Lucky 2012 $35,000 156 (27) 3.25 5.37

Mineshaft 2005 $25,000 135 (18) 138 (81) 1.83 1.42 1.57 3.18 1.90

More Than Ready 2002 $40,000 132 (21) 131 (93) 2.15 2.48 2.07 4.29 5.61

Quality Road 2012 $35,000 149 (30) 2.90 5.01

Rock Hard Ten 2007 $25,000 104 (23) 145 (87) 1.59 1.80 1.95 2.74 4.46

Sky Mesa 2005 $30,000 149 (27) 127 (102) 2.18 1.89 2.01 3.88 3.78

Stormy Atlantic 2000 $30,000 125 (25) 125 (88) 2.34 2.52 2.60 5.69 3.76

Street Sense 2009 $40,000 120 (24) 124 (81) 2.11 2.11 2.48 3.39 4.33

Tale of the Cat 2000 $30,000 130 (23) 152 (101) 1.96 2.48 2.41 2.96 2.69

Quality of Mares Bred (25 or more in 2011)

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

A.P. Indy 1994 $150,000 25 (6) 80 (36) 4.64 3.38 4.16 8.51 7.18

Distorted Humor 2000 $100,000 119 (15) 136 (87) 6.29 5.42 5.18 7.97 10.32

Dynaformer 1991 $150,000 61 (9) 78 (46) 1.78 2.28 2.45 6.27 7.45

Medaglia d'Oro 2006 $100,000 156 (13) 170 (128) 4.23 4.22 4.68 11.08 11.73

Street Cry (IRE) 2004 $150,000 131 (11) 159 (117) 4.51 4.56 5.32 11.23 10.62

Unbridled's Song 1998 $100,000 112 (16) 127 (98) 3.53 4.57 4.06 5.01 7.33

Awesome Again 2000 $50,000 92 (10) 96 (60) 2.34 1.67 2.11 4.70 5.42

Bernardini 2008 $75,000 159 (10) 133 (98) 4.13 2.52 2.99 12.14 4.13

Elusive Quality 2000 $50,000 138 (21) 129 (95) 2.68 1.82 2.44 4.81 5.99

Giant's Causeway 2002 $85,000 198 (33) 217 (160) 3.27 3.63 3.75 6.81 5.98

Indian Charlie 2000 $70,000 136 (23) 109 (75) 3.81 2.80 2.66 5.75 4.30

Malibu Moon 2001 $60,000 175 (25) 174 (142) 2.99 2.45 2.29 5.78 3.72

Pulpit 1999 $50,000 88 (12) 97 (70) 2.79 2.85 2.84 6.37 7.58

Smart Strike 1998 $75,000 149 (15) 160 (129) 3.48 3.79 4.59 7.76 8.66

Speightstown 2006 $50,000 119 (20) 103 (56) 2.60 2.21 2.50 4.73 4.55

Tapit 2006 $80,000 157 (17) 171 (124) 4.73 2.82 2.97 8.31 5.73

Tiznow 2003 $75,000 133 (21) 144 (111) 3.78 3.22 3.59 5.98 7.37

The following table lists stallions that have at least two years at stud and were bred to 25 or more mares in 2011. A second table on page 10 lists stallions bred to their first crop of mares in 2009. The first table groups stallions alphabetically by seven stud fee ranges. 1st Crop Year shows the first year a sire’s foals were born. 2011 Stud Fees are published fees. 2011 MB is the number of mares bred (MB) to a stallion during the 2011 breeding season. 11 MB is the number of mares bred during the 2011 breeding season with the number of unraced mares bred in parentheses. 10 MB is accompanied by 2011 Foals in parentheses. CI is the Comparable Index, which indicates the quality of mares as producers. 2011 CI [QMB] is for mares bred in 2011. 2011 CI [QD] represents the CI for mares that had foals in 2011. 10 CI [QMB] is the CI for all mares bred in 2010. CPI is the Class Performance Index , which indicates the racing ability of mares bred. 2011 CPI [QMB] represents the racing quality of mares bred during the 2011 breeding season. 2011 CPI [QD] represents the racing quality of the dams of 2011 foals.

$100,000 and up

Sire % Change

Medaglia d'Oro

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$100,000 and up

Sire First Crop Year % ChangeLargest % Incr. MB Medaglia d'Oro 2006 -8%

Largest % Decr. MB A.P. Indy 1994 -69%

Largest % Incr. CI [QMB], 2010-11 Distorted Humor 2000 21%

Largest % Decr. CI [QMB], 2010-11 Dynaformer 1991 -27%

Largest % Incr. CI [QMB], 2009-11 Medaglia d'Oro 2006 69%

Largest % Decr. CI [QMB], 2009-11 Dynaformer 1991 -38%

$25,000-$49,999

Sire First Crop Year % ChangeLargest % Incr. MB Sky Mesa 2005 17%

Largest % Decr. MB First Samurai 2008 -58%

Largest % Incr. CI [QMB], 2010-11 Afleet Alex 2007 50%

Largest % Decr. CI [QMB], 2010-11 Tale of the Cat 2000 -19%

Largest % Incr. CI [QMB], 2009-11 Candy Ride (ARG) 2006 74%

Largest % Decr. CI [QMB], 2009-11 Henrythenavigator 2010 -43%

$50,000-$99,999

Sire First Crop Year % ChangeLargest % Incr. MB Indian Charlie 2000 25%

Largest % Decr. MB Pulpit 1999 -9%

Largest % Incr. CI [QMB], 2010-11 Tapit 2006 59%

Largest % Decr. CI [QMB], 2010-11 Smart Strike 1998 -24%

Largest % Incr. CI [QMB], 2009-11 Tapit 2006 84%

Largest % Decr. CI [QMB], 2009-11 Awesome Again 2000 -30%


Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Any Given Saturday 2009 $20,000 103 (18) 123 (76) 1.47 1.43 1.88 1.94 2.47

Bernstein 2002 $20,000 102 (18) 122 (91) 1.92 2.15 2.74 2.56 2.84

Birdstone 2006 $20,000 58 (12) 117 (87) 1.60 1.81 2.24 2.53 4.83

City Zip 2003 $15,000 149 (15) 150 (116) 1.93 1.54 1.59 3.04 2.24

Colonel John 2011 $15,000 128 (24) 135 (85) 1.89 2.01 2.05 2.47 2.19

Congrats 2008 $15,000 205 (28) 129 (90) 2.43 1.59 1.54 3.02 1.35

Discreet Cat 2009 $17,500 90 (21) 104 (78) 1.56 1.58 1.66 3.16 2.66

Discreetly Mine 2012 $15,000 130 (28) 1.82 2.24

Fusaichi Pegasus 2002 $15,000 125 (18) 127 (77) 1.41 1.68 1.45 2.36 2.55

Ghostzapper 2007 $20,000 119 (11) 79 (43) 1.28 2.42 1.70 3.41 3.49

Grand Slam 2000 $15,000 79 (10) 120 (75) 1.66 1.41 1.42 2.32 2.82

Invasor (ARG) 2009 $20,000 38 (11) 44 (25) 1.48 1.83 1.67 2.35 1.62

Langfuhr 1999 $15,000 105 (17) 96 (69) 1.73 1.51 1.63 2.29 2.98

Macho Uno 2005 $15,000 75 (11) 60 (39) 1.20 2.13 2.51 2.82 3.28

Midnight Lute 2010 $17,500 96 (20) 114 (76) 1.80 1.61 1.90 3.91 4.58

Midshipman 2012 $15,000 104 (32) 1.93 2.61

Not For Love 1997 $20,000 56 (5) 55 (40) 1.57 1.89 1.78 2.40 3.54

Perfect Soul (IRE) 2006 $15,000 55 (14) 63 (33) 2.06 1.66 1.85 2.77 2.66

Pioneerof the Nile 2011 $17,500 91 (15) 130 (99) 1.41 1.02 1.91 2.34 2.73

Quiet American 1993 $15,000 57 (12) 61 (35) 1.60 1.80 1.66 1.95 1.60

Roman Ruler 2007 $15,000 36 (12) 135 (93) 2.47 1.95 2.23 5.50 3.17

Street Boss 2010 $17,500 87 (14) 120 (81) 1.61 1.42 1.56 2.66 2.52

Successful Appeal 2002 $15,000 96 (15) 110 (62) 2.18 1.83 1.76 2.60 2.08

Summer Bird 2012 $15,000 148 (27) 2.05 3.17

Super Saver 2012 $20,000 145 (26) 2.26 3.33

Tale of Ekati 2012 $15,000 116 (20) 1.72 2.35

Unusual Heat 1999 $20,000 60 (3) 83 (64) 2.97 2.22 2.12 2.48 2.87

War Front 2008 $15,000 103 (26) 90 (70) 2.59 1.74 1.61 3.70 2.51Warrior's Reward 2012 $15,000 152 (33) 1.46 2.05

Yes It's True 2002 $15,000 121 (25) 120 (84) 1.70 1.67 1.57 2.17 2.08

Zensational 2011 $22,500 98 (16) 135 (84) 1.87 2.01 2.33 3.24 5.14

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Afleet Express 2012 $10,000 54 (14) 1.94 1.46

All American (AUS) 2012 $10,000 47 (11) 2.37 2.42

Artie Schiller 2008 $10,000 91 (16) 131 (83) 1.47 1.48 1.47 2.22 2.03

Bellamy Road 2008 $10,000 192 (39) 46 (25) 1.47 1.60 1.82 2.33 2.01

Chapel Royal 2006 $10,000 43 (10) 42 (26) 1.87 1.33 1.42 0.85 1.53

Desert Party 2012 $10,000 121 (28) 1.79 2.10

Divine Park 2010 $10,000 59 (11) 49 (32) 1.97 2.41 2.00 2.71 2.03

Dunkirk 2011 $10,000 87 (17) 186 (135) 1.40 1.38 1.42 1.60 2.08

E Dubai 2004 $10,000 69 (6) 62 (33) 1.65 1.78 1.38 1.89 1.91

El Corredor 2003 $12,500 45 (8) 122 (80) 1.32 1.66 1.54 2.61 1.55

Even the Score 2006 $10,000 26 (5) 48 (25) 1.29 2.05 1.76 1.46 2.05

Flower Alley 2008 $10,000 79 (14) 99 (67) 1.51 1.43 1.50 2.57 3.25

Forestry 2001 $12,500 104 (15) 75 (52) 1.14 1.70 1.66 2.23 2.20

Henny Hughes 2008 $12,500 64 (13) 132 (81) 1.17 1.44 1.82 1.82 2.21

Holy Bull 1996 $10,000 33 (2) 69 (44) 1.75 2.46 2.10 2.69 2.03

Jump Start 2004 $10,000 109 (14) 115 (74) 1.61 1.32 1.30 1.84 1.73

Kitalpha 2009 $12,500 54 (10) 124 (69) 1.75 1.23 1.52 2.00 1.77

Kodiak Kowboy 2011 $10,000 64 (9) 79 (57) 1.69 1.52 1.71 2.13 2.18

Leroidesanimaux (BRZ) 2007 $12,500 165 (33) 69 (37) 1.53 0.99 1.05 1.54 1.89

Majestic Warrior 2010 $10,000 142 (25) 103 (62) 1.28 1.55 1.41 1.63 1.76

Majesticperfection 2012 $10,000 128 (30) 2.01 1.94

Mizzen Mast 2004 $12,500 78 (18) 118 (78) 1.96 1.95 1.89 3.33 2.53

Munnings 2001 $12,500 142 (32) 0 1.44 1.94

Mutakddim 1998 $10,000 25 (9) 35 (21) 1.67 1.41 1.54 3.19 2.28

Northern Afleet 2000 $12,500 132 (28) 126 (88) 2.11 1.16 1.78 2.61 2.42

Old Fashioned 2011 $12,500 104 (16) 124 (81) 1.66 1.76 1.84 1.82 3.15

Pollard's Vision 2007 $12,500 83 (14) 165 (88) 1.43 1.52 1.57 2.03 1.87

Posse 2005 $10,000 86 (14) 87 (56) 1.59 1.30 1.28 1.71 2.20

Proud Citizen 2005 $10,000 49 (9) 45 (36) 1.25 1.02 1.26 2.25 2.64

Rockport Harbor 2008 $12,500 89 (16) 130 (88) 1.53 1.37 1.50 2.43 1.88


Bellamy Road

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Congrats

$15,000-$24,999

Sire First Crop Year % ChangeLargest % Incr. MB Congrats 2008 59%

Largest % Decr. MB Roman Ruler 2007 -73%

Largest % Incr. CI [QMB], 2010-11 War Front 2008 61%

Largest % Decr. CI [QMB], 2010-11 Macho Uno 2005 -52%

Largest % Incr. CI [QMB], 2009-11 Congrats 2008 87%

Largest % Decr. CI [QMB], 2009-11 Invasor (ARG) 2009 -38%

$10,000-$14,999

Sire First Crop Year % ChangeLargest % Incr. MB Bellamy Road 2008 317%

Largest % Decr. MB El Corredor 2003 -63%

Largest % Incr. CI [QMB], 2010-11 Leroidesanimaux (BRZ) 2007 46%

Largest % Decr. CI [QMB], 2010-11 Henny Hughes 2008 -36%

Largest % Incr. CI [QMB], 2009-11 Northern Afleet 2000 99%

Largest % Decr. CI [QMB], 2009-11 Henny Hughes 2008 -47%


Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Scat Daddy 2009 $10,000 191 (29) 92 (56) 1.35 1.69 1.51 2.15 2.16

Shakespeare 2009 $10,000 45 (14) 53 (18) 1.12 1.74 1.61 1.70 2.75

Smarty Jones 2006 $10,000 66 (13) 44 (28) 1.31 1.28 1.41 1.84 2.43

Smoke Glacken 1999 $10,000 46 (6) 53 (30) 1.20 0.96 1.01 2.37 1.58

Stevie Wonderboy 2009 $10,000 50 (15) 59 (39) 1.38 1.37 1.64 1.79 2.17

Sun King 2009 $10,000 50 (6) 86 (49) 0.95 0.83 0.98 1.26 0.97

Thunder Gulch 1997 $10,000 61 (8) 69 (36) 1.34 1.15 1.48 1.73 1.89

Tiz Wonderful 2010 $12,500 148 (29) 143 (99) 1.59 1.32 1.35 2.34 2.48

Touch Gold 2000 $10,000 30 (5) 44 (31) 1.31 1.42 1.48 2.94 2.34

U S Ranger 2011 $10,000 114 (18) 87 (48) 1.43 2.12 2.15 2.60 2.78

War Chant 2002 $12,500 48 (10) 67 (41) 1.66 1.94 2.46 2.77 2.53

Wildcat Heir 2007 $10,000 134 (25) 148 (94) 2.10 1.81 1.78 2.50 1.65

A. P. Warrior 2008 $6,000 54 (15) 48 (30) 1.51 2.01 1.64 1.17 1.77

After Market 2009 $7,500 72 (13) 66 (44) 1.63 1.40 1.42 1.94 3.54

Alphabet Soup 1999 $6,000 27 (4) 51 (29) 1.13 1.84 2.20 2.04 2.39

Awesome of Course 2005 $5,000 46 (12) 24 (2) 1.59 0.29 0.77 2.24 0.15

Badge of Silver 2008 $7,500 64 (8) 76 (41) 1.49 1.91 1.67 1.82 1.53

Bandini 2008 $5,000 32 (6) 76 (39) 1.08 1.23 1.20 1.06 1.05

Belong to Me 1995 $7,500 30 (7) 71 (33) 0.97 1.07 1.30 1.39 1.90

Bertrando 1995 $8,000 41 (9) 50 (34) 1.69 1.30 1.60 2.47 2.83

Bob and John 2009 $8,000 27 (7) 55 (38) 1.25 1.19 1.38 1.45 1.75

Brother Derek 2010 $7,500 39 (12) 43 (27) 1.26 1.55 1.37 1.33 2.17

Bullsbay 2012 $5,000 36 (1) 1.19 2.29

Buzzards Bay 2010 $5,000 36 (4) 29 (19) 0.91 1.33 1.31 1.22 0.86

Cactus Ridge 2005 $5,000 49 (4) 56 (34) 1.22 1.29 1.26 1.62 2.36

Cape Canaveral 2002 CAN$7,500 38 (5) 35 (17) 1.06 0.73 0.95 1.75 1.81

Circular Quay 2010 $6,500 46 (7) 76 (38) 2.05 1.55 1.71 1.56 1.66

Closing Argument 2007 $5,000 77 (11) 35 (21) 1.27 1.15 1.25 1.42 2.19

Concord Point 2012 $7,500 72 (18) 1.44 1.55

Congaree 2006 $7,500 40 (7) 45 (26) 1.17 1.17 1.30 1.73 2.09

Cool Coal Man 2001 $5,000 67 (22) 0 1.17 0.96

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Cosmonaut 2011 $5,000 42 (8) 42 (24) 0.92 1.21 1.14 1.84 1.22

Cowboy Cal 2011 $7,500 41 (5) 128 (94) 2.62 2.15 2.04 1.62 1.77

Dixie Chatter 2011 $5,000 52 (5) 68 (45) 1.23 1.12 1.38 2.02 2.57

D'wildcat 2005 $8,500 46 (13) 92 (55) 1.94 1.62 1.57 2.27 1.70

Einstein (BRZ) 2011 $7,500 79 (24) 84 (40) 1.35 1.13 1.18 1.62 2.56

Fairbanks 2010 $6,500 78 (12) 77 (48) 1.56 1.16 1.32 2.29 2.30

First Defence 2010 $7,500 41 (8) 76 (48) 1.74 2.18 1.81 3.25 4.95

Five Star Day 2003 $5,000 26 (3) 45 (24) 1.25 0.89 0.89 1.79 1.91

Flashy Bull 2009 $6,000 61 (17) 31 (20) 1.26 1.12 1.21 2.03 1.47

Flatter 2005 $7,500 130 (30) 109 (71) 1.51 1.43 1.35 2.16 1.79

Freud 2003 $8,500 115 (16) 110 (80) 1.43 1.37 1.27 1.82 1.67

Frost Giant 2010 $7,500 35 (3) 36 (29) 1.50 1.23 1.18 1.33 1.61

Giacomo 2008 $5,000 37 (8) 90 (59) 2.23 1.59 1.26 1.23 2.01

Golden Missile 2002 $7,500 28 (9) 40 (23) 1.23 0.69 0.87 1.99 1.07

Good Journey 2008 $5,000 39 (4) 44 (33) 1.31 1.32 1.12 1.96 1.70

Good Reward 2008 $5,000 41 (8) 55 (34) 0.80 1.09 1.29 1.13 2.06

Graeme Hall 2004 $5,000 49 (10) 99 (64) 1.66 1.25 1.67 1.74 1.72

Hat Trick (JPN) 2009 $6,000 41 (7) 32 (21) 3.21 3.73 2.50 1.76 2.94

Hold Me Back 2012 $6,000 100 (24) 1.59 1.79

Horse Greeley 2010 $5,000 34 (6) 47 (26) 1.62 1.29 1.20 2.06 1.19

Imperialism 2008 $5,000 57 (16) 63 (27) 1.03 1.39 1.14 1.54 1.25

Include 2004 $7,500 55 (11) 28 (20) 1.21 1.43 1.50 2.30 3.46

Indygo Shiner 2004 $7,500 98 (21) 139 (94) 1.60 1.40 1.45 1.87 1.67

Into Mischief 2010 $8,500 54 (12) 44 (30) 0.90 0.87 0.87 1.62 2.94

Jazil 2009 $7,500 32 (9) 35 (19) 0.87 2.76 2.28 4.08 1.82

Justenuffhumor 2012 $5,000 40 (9) 0.91 1.51

Kafwain 2005 $5,000 47 (6) 57 (42) 1.00 1.28 1.31 2.47 1.82

Kantharos 2012 $5,000 80 (17) 1.33 1.41

Kipling 2002 $5,000 30 (6) 44 (32) 1.15 1.31 1.30 1.34 1.94

Latent Heat 2009 $8,500 132 (35) 79 (47) 1.92 1.05 1.34 3.00 1.89

Lewis Michael 2010 $5,000 38 (4) 40 (22) 0.84 1.11 1.31 1.35 2.89

Limehouse 2007 $6,500 37 (3) 73 (44) 1.33 1.44 1.30 1.34 2.26

Line of David 2012 $7,500 78 (12) 1.12 1.80

Louis Quatorze 1999 $5,000 27 (2) 35 (23) 0.72 0.83 0.89 1.42 1.40

Magna Graduate 2010 $5,000 59 (17) 74 (48) 0.87 0.90 1.00 2.00 1.24

Monarchos 2003 $6,000 30 (6) 45 (33) 0.90 1.05 1.03 1.33 1.25

Montbrook 1996 $7,500 75 (10) 77 (51) 1.86 1.87 1.57 1.91 1.77

Neko Bay 2012 $7,500 46 (10) 1.60 1.83

Philanthropist

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$5,000-$9,999

Sire First Crop Year % ChangeLargest % Incr. MB Philanthropist 2008 317%

Largest % Decr. MB Tribal Rule 2004 -73%

Largest % Incr. CI [QMB], 2010-11 Awesome of Course 2005 106%

Largest % Decr. CI [QMB], 2010-11 Jazil 2009 -62%

Largest % Incr. CI [QMB], 2009-11 Hat Trick (JPN) 2009 166%

Largest % Decr. CI [QMB], 2009-11 Lewis Michael 2010 -46%


Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Nobiz Like Shobiz 2010 $5,000 45 (10) 70 (40) 0.79 0.79 0.80 1.36 1.00

Noble Causeway 2009 $5,000 41 (6) 48 (36) 1.14 1.18 1.05 1.75 1.39

Noonmark 2011 $6,000 67 (9) 87 (46) 1.18 1.38 1.36 1.65 1.85

Notional 2010 $7,500 101 (24) 110 (64) 1.28 1.23 1.27 1.94 2.13

Old Forester 2008 CAN$8,500 112 (23) 41 (17) 2.04 1.31 1.66 3.00 0.94

Olmodavor 2006 $5,000 26 (4) 38 (18) 1.53 1.45 1.24 1.50 1.31

Orientate 2004 $7,500 31 (6) 73 (49) 1.81 2.15 2.03 2.03 3.26

Papa Clem 2011 $6,500 103 (21) 57 (47) 1.60 1.56 1.46 2.59 1.99

Petionville 1998 $6,000 25 (2) 33 (24) 1.18 1.35 1.71 1.82 2.00

Philanthropist 2008 Private 96 (13) 23 (9) 1.78 1.43 1.28 2.16 0.71

Pleasantly Perfect 2006 $7,500 119 (35) 54 (29) 1.65 1.35 1.80 3.01 2.87

Point Given 2003 $7,500 32 (6) 32 (24) 1.35 1.47 1.32 1.50 1.91

Pomeroy 2008 $5,000 126 (37) 53 (36) 1.45 1.26 1.27 1.38 1.04

Pure Prize 2004 $5,000 72 (9) 111 (58) 1.20 1.59 1.31 1.63 1.61

Purge 2007 $5,000 25 (5) 22 (15) 1.30 0.84 0.92 2.23 1.39

Purim 2009 $7,500 69 (10) 86 (39) 1.30 1.30 1.17 1.96 1.86

Put It Back 2003 $5,000 45 (9) 76 (38) 1.83 1.73 2.02 1.34 2.16

Read the Footnotes 2006 $6,500 50 (11) 43 (27) 0.99 1.17 1.16 1.74 1.52

Ready's Image 2010 $6,500 79 (16) 63 (34) 1.30 1.29 1.23 2.07 1.26

Red Giant 2010 $6,000 44 (9) 42 (28) 1.29 1.23 1.43 1.24 2.28

Run Away and Hide 2010 $5,000 52 (11) 78 (44) 1.23 0.94 1.06 2.05 1.83

Scipion 2009 $5,000 25 (3) 27 (16) 1.27 1.33 1.30 1.69 2.15

Sharp Humor 2008 $7,500 161 (29) 80 (50) 1.41 1.22 1.31 1.89 1.70

Showing Up 2010 $5,000 25 (6) 55 (33) 1.48 1.33 1.50 1.42 3.26

Silver Train 2008 $7,500 43 (11) 79 (52) 1.20 1.60 1.50 2.20 2.40

Sligo Bay (IRE) 2005 CAN$6,000 32 (7) 67 (38) 2.14 1.62 1.70 1.15 1.82

Songandaprayer 2003 $6,500 45 (8) 57 (43) 1.20 1.16 1.44 2.07 1.77

Spring At Last 2010 $7,500 65 (14) 92 (55) 1.32 1.19 1.28 2.15 1.95

Stephen Got Even 2002 $7,500 138 (25) 129 (76) 1.46 1.26 1.33 2.22 2.07

Stormin Fever 2001 $6,500 51 (9) 70 (46) 1.24 0.97 1.00 1.79 2.02

Street Hero 2010 $6,500 35 (6) 60 (31) 1.07 0.92 1.35 1.34 0.79

Stroll 2006 $7,500 48 (9) 90 (57) 1.29 1.53 1.57 1.49 2.63

Student Council 2010 $7,500 47 (10) 76 (45) 1.32 1.20 1.52 1.96 1.83

Surf Cat 2010 $5,000 27 (7) 42 (34) 1.05 1.42 1.31 1.76 2.96

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Sweet Return (GB) 2009 $5,000 35 (8) 38 (25) 0.86 0.91 0.81 0.78 0.87

Swiss Yodeler 2000 $5,000 40 (8) 39 (32) 1.54 2.08 2.01 2.19 2.64

Temple City 2012 $5,000 136 (19) 1.22 1.85

Tizdejavu 2012 $5,000 79 (19) 1.33 2.90

Tribal Rule 2004 $6,000 27 (2) 101 (79) 1.44 1.64 1.61 2.25 2.44

Two Step Salsa 2011 $5,000 62 (9) 93 (56) 1.10 1.01 1.10 1.53 1.19

Utopia (JPN) 2009 $7,500 83 (11) 112 (78) 1.25 1.28 1.26 1.49 1.49

Valid Expectations 1999 $7,500 32 (4) 57 (37) 1.17 1.28 1.20 2.47 1.96

Value Plus 2007 $5,000 29 (11) 64 (37) 0.84 1.12 1.17 1.19 1.88

Where's the Ring 2006 CAN$6,000 71 (9) 94 (45) 2.15 1.59 1.53 2.36 1.56

With Distinction 2008 $5,000 82 (21) 137 (84) 1.54 1.37 1.31 1.64 1.87

Yankee Gentleman 2005 $5,000 114 (11) 109 (59) 1.53 1.21 1.43 1.83 2.02

Zanjero 2010 $7,500 63 (12) 67 (45) 1.33 1.38 1.25 1.29 1.47

Action This Day 2006 $1,000 41 (9) 13 (3) 0.79 0.11 0.98 0.99 0.96

Added Edge 2008 $1,500 38 (5) 40 (22) 0.99 1.05 1.14 1.36 0.98

Affirmatif 2012 $1,000 46 (6) 0.82 1.46

Alumni Hall 2009 CAN$3,500 25 (6) 27 (12) 2.44 0.81 1.40 1.61 1.73

Aragorn (IRE) 2008 $4,000 28 (4) 67 (39) 1.13 1.10 1.24 1.90 2.82

Attila's Storm 2009 $1,500 30 (7) 36 (24) 1.24 0.93 1.26 1.32 2.30

Awesome Gambler 2009 $3,000 61 (15) 39 (16) 0.81 0.73 0.73 2.42 1.86

Behindatthebar 2011 $2,500 57 (13) 60 (27) 1.00 0.92 1.06 1.49 1.62

Benchmark 2000 $4,000 43 (3) 40 (30) 0.65 0.92 0.88 1.78 1.92

Benny the Bull 2011 $3,000 42 (9) 74 (45) 1.22 1.04 1.06 1.59 1.60

Big Top Cat 2008 $2,500 30 (4) 39 (30) 1.08 0.79 0.61 1.23 1.25

Bold Executive 1990 CAN$15,000 39 (3) 30 (15) 1.51 1.18 1.58 2.31 2.48

Bold n' Flashy 1997 CAN$3,500 25 (4) 30 (12) 1.49 1.53 1.80 1.90 1.02


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Indian Charlie

Less than $5,000

Sire First Crop Year % ChangeLargest % Incr. MB Zarbyev 1990 1,600%

Largest % Decr. MB Suave 2008 -72%

Largest % Incr. CI [QMB], 2010-11 Maimonides 2011 162%

Largest % Decr. CI [QMB], 2010-11 Skye'n Thunder 2007 -79%

Largest % Incr. CI [QMB], 2009-11 Vronsky 2006 161%

Largest % Decr. CI [QMB], 2009-11 Quest 2007 -46%


Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Bop 2005 $2,500 42 (7) 62 (27) 0.72 0.97 0.94 1.06 1.14

Bring the Heat 2004 $2,000 59 (16) 48 (26) 1.45 1.79 1.63 2.04 1.50

Burbank 2002 $1,000 27 (5) 15 (11) 0.59 0.58 0.57 0.85 0.61

Bushwacker 2011 $3,000 51 (6) 51 (27) 0.95 0.90 0.82 2.50 2.96

Bustin Stones 2010 $2,500 50 (10) 31 (14) 1.50 1.30 1.37 2.08 1.47

Bwana Charlie 2007 $2,500 54 (9) 15 (7) 1.43 0.56 1.25 1.60 2.23

Canadian Frontier 2006 $3,500 79 (13) 23 (14) 1.05 1.36 1.23 1.55 1.20

Cat Dreams 2006 $2,000 30 (5) 51 (26) 0.91 0.89 1.04 1.29 1.11

Cat Thief 2002 $4,000 41 (12) 31 (16) 1.31 1.23 1.28 1.31 1.35

Cause to Believe 2010 CAN$2,000 52 (10) 70 (43) 0.95 1.05 0.93 1.12 1.64

Charitable Man 2012 Private 79 (12) 1.71 1.14

Chatain 2010 $2,500 28 (4) 42 (26) 1.09 0.96 0.98 1.61 1.05

Chestertown Slew 2011 $1,000 28 (3) 52 (23) 0.83 1.19 0.92 1.33 1.43

Chief Seattle 2002 $2,500 43 (6) 62 (14) 1.13 1.35 0.89 1.35 1.34

Cindago 2008 $2,500 29 (4) 32 (20) 1.35 1.26 1.18 1.77 2.30

City Place 2006 $3,000 31 (9) 38 (22) 1.08 1.18 1.12 1.14 1.12

City Weekend 2009 $3,000 26 (5) 36 (27) 1.26 1.36 1.82 1.37 1.51

Colonial Colony 2007 Private 29 (6) 32 (17) 0.44 0.10 0.64 0.80 0.30

Concerto 2000 $3,500 41 (6) 40 (22) 1.48 0.95 1.12 1.53 1.01

Council Member 2010 $4,000 30 (3) 35 (25) 1.16 1.09 1.27 2.14 1.65

Cowtown Cat 2010 $4,000 66 (16) 51 (28) 1.13 1.29 1.67 1.22 1.49

Dance Master 2002 $1,500 25 (6) 35 (21) 0.74 0.86 0.84 1.74 1.22

Dance With Ravens 2007 $2,000 30 (4) 40 (24) 1.36 1.38 1.17 1.36 1.31

Decarchy 2005 $4,000 34 (8) 49 (31) 1.88 1.14 1.03 2.29 2.12

Denis of Cork 2011 $2,500 60 (7) 20 (11) 1.11 1.22 0.99 1.37 1.30

Desert Code 2011 $2,000 46 (12) 45 (32) 0.92 1.67 1.32 2.25 2.82

Devil His Due 1997 $3,500 37 (6) 44 (26) 0.78 1.17 1.55 1.16 1.20

Devon Lane 1999 $2,500 34 (7) 34 (15) 0.92 1.88 1.31 1.66 1.65

Diabolical 2011 Private 66 (9) 66 (43) 1.30 0.91 1.03 1.96 1.94

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Distorted Reality 2010 Private 48 (6) 55 (38) 1.16 0.97 0.99 0.97 1.33

Domestic Dispute 2006 $2,000 37 (0) 9 (6) 0.95 1.30 1.44 1.12 2.24

Don'tsellmeshort 2009 Private 31 (4) 36 (29) 0.71 0.59 0.65 1.43 1.29

Early Flyer 2005 $2,500 34 (5) 22 (14) 1.16 1.40 1.36 1.44 2.14

Easyfromthegitgo 2005 $2,000 50 (9) 100 (43) 0.89 1.01 0.96 1.18 0.97

Ecclesiastic 2009 $3,500 46 (7) 35 (19) 1.01 0.92 1.23 1.39 1.42

Elusive Warning 2012 $4,000 28 (3) 0.91 2.18

Etbauer 2001 $1,000 29 (2) 38 (15) 0.66 0.57 0.59 1.31 1.40

Eurosilver 2007 $3,500 32 (5) 6 (4) 1.31 0.50 0.70 1.43 2.05

Evansville Slew 1997 $1,000 33 (4) 34 (18) 0.88 1.15 1.08 0.90 1.62

Exclusive Quality 2009 $4,000 70 (15) 70 (40) 1.45 1.19 1.26 1.24 1.11

Fastness (IRE) 1998 $4,000 29 (4) 26 (12) 0.78 0.65 0.59 1.10 1.01

Fearless 2012 Private 32 (3) 0.85 0.98

Finality 2005 CAN$3,000 26 (3) 38 (22) 0.80 0.87 1.03 1.44 1.43

Firejack 2010 Private 28 (8) 26 (18) 1.04 0.93 0.93 0.56 0.49

Forefathers 2011 $2,000 57 (10) 67 (41) 1.48 1.26 1.36 2.19 1.99

Formal Gold 2000 CAN$2,500 35 (2) 17 (8) 1.18 0.95 1.25 1.81 1.80

Fort Prado 2011 $3,000 44 (2) 66 (37) 1.69 2.06 1.78 2.12 1.94

Gaff 2010 Private 51 (7) 18 (6) 0.93 0.81 1.20 1.13 1.09

Giant Gizmo 2011 CAN$4,000 46 (6) 71 (45) 1.47 1.57 1.47 1.65 1.54

Gold Tribute 1999 $2,000 26 (4) 29 (16) 1.52 0.86 0.92 2.58 1.97

Golden Ransom 2004 $2,000 26 (7) 21 (14) 1.37 1.15 1.10 1.23 1.17

Good and Tough 2001 $3,000 42 (3) 45 (24) 1.27 1.13 1.01 2.28 1.44

Gottcha Gold 2010 $2,500 34 (10) 46 (24) 1.28 1.18 1.08 1.58 1.57

Grace Upon Grace 2012 $2,000 28 (2) 1.18 2.23

Grand Minstrel 2011 $1,500 35 (5) 31 (14) 0.52 0.76 0.54 1.02 1.63

Grand Reward 2007 $4,000 30 (6) 12 (3) 1.65 0.69 1.16 1.34 1.04

Grasshopper 2012 $3,500 38 (7) 1.23 2.22

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Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Grazen 2011 $2,000 30 (4) 13 (12) 1.06 0.86 0.86 2.25 1.68

Great Notion 2006 $2,000 28 (3) 36 (20) 0.89 1.31 1.11 2.17 1.96

Greeley's Conquest 2012 Private 27 (1) 1.00 1.11

Grindstone 1998 $2,500 60 (6) 79 (46) 0.75 0.79 0.72 0.87 1.06

Half Ours 2009 $4,500 118 (17) 91 (59) 1.42 1.26 1.31 2.00 1.81

Harbor the Gold 2006 $4,500 81 (7) 73 (42) 0.94 0.72 0.83 1.39 1.19

Hear No Evil 2007 $3,500 27 (6) 64 (39) 1.28 2.11 1.71 1.50 1.24

High Cotton 2009 $2,500 67 (12) 84 (49) 1.13 1.09 1.56 1.02 1.38

Honest Man 2012 $2,000 42 (6) 1.52 1.96

Ide 1998 $2,500 39 (6) 67 (33) 1.27 1.16 1.13 1.58 1.58

Impervious 2010 Private 32 (0) 0 1.11 2.02

In Summation 2011 $4,000 73 (13) 87 (61) 1.34 1.93 1.82 1.54 1.31

Intimidator 2007 $1,500 107 (18) 71 (47) 0.86 0.86 0.86 1.17 1.02

Jockey's Dream (BRZ) 2011 Private 35 (12) 13 (6) 0.78 0.56 0.67 0.75 1.27

Jonesboro 2012 $1,500 50 (9) 1.06 1.01

K One King 2002 $1,250 48 (7) 35 (19) 0.57 0.67 0.75 1.14 0.93

Keyed Entry 2010 $3,000 50 (13) 69 (42) 1.24 0.70 1.64 1.22 1.27

Killenaule 2009 Private 31 (3) 44 (25) 0.79 1.17 1.05 1.31 0.87

Kiss the Kid 2012 $3,500 28 (7) 1.49 0.96

Kissin Kris 1997 CAN$3,000 26 (1) 34 (12) 1.33 1.24 1.00 2.14 1.74

Lantana Mob 2012 $1,500 31 (5) 1.00 1.59

Leonnatus Anteas 2011 CAN$3,500 35 (5) 38 (22) 1.48 1.17 1.54 1.77 3.30

Lion Hearted 2002 $3,000 72 (12) 63 (38) 1.24 1.27 1.36 1.43 1.80

Lion Tamer 2008 $2,500 33 (2) 39 (23) 0.98 1.52 1.24 1.37 1.89

Lost Canyon (GB) 2006 CAN$1,250 25 (2) 37 (8) 0.48 0.27 0.85 1.35 0.58

Lucky Pulpit 2008 $2,500 100 (18) 36 (29) 1.30 0.79 0.68 1.58 1.95

Lydgate 2007 $2,000 65 (6) 34 (19) 1.53 0.80 1.10 1.36 1.25

Maimonides 2011 $3,500 60 (15) 48 (26) 2.87 1.38 1.09 1.95 0.96

Malibu Moonshine 2012 $3,000 31 (5) 0.90 1.16

Many Rivers 2012 $3,000 25 (3) 0.89 1.53

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Marchfield 2012 CAN$4,000 80 (14) 1.62 2.67

Marino Marini 2006 $2,500 28 (4) 38 (25) 1.31 1.42 1.35 1.75 1.65

Marsh Side 2011 Private 28 (2) 0.61 1.08

Mass Media 2008 $2,000 106 (24) 17 (10) 1.15 0.72 1.34 1.13 0.67

Mast Track 2012 CAN$2,500 29 (5) 1.33 1.03

Matty G 1999 $2,000 31 (4) 39 (27) 0.83 0.66 0.78 1.09 1.26

Milwaukee Brew 2005 CAN$12,500 45 (6) 111 (69) 1.74 1.94 1.93 3.59 3.48

Ministers Wild Cat 2007 $4,000 41 (4) 27 (19) 0.84 1.02 0.99 2.44 2.63

Mr. Nightlinger 2011 $1,500 62 (11) 47 (26) 1.07 1.10 1.12 1.15 1.11

Musket Man 2012 $2,500 25 (4) 1.55 1.40

My Pal Charlie 2011 $3,000 62 (8) 73 (34) 1.05 1.23 1.18 1.61 1.72

North Light (IRE) 2007 CAN$10,000 32 (6) 50 (33) 1.72 1.10 1.12 4.93 2.19

Not Bourbon 2012 CAN$5,000 52 (8) 1.72 3.02

Ocean Indy 2009 $1,000 28 (2) 31 (7) 0.88 0.33 0.99 1.28 0.89

Offlee Wild 2007 $4,000 43 (11) 146 (87) 1.48 1.50 1.49 1.52 1.86

Ole Rebel 2007 $1,000 28 (4) 21 (8) 0.70 0.76 0.69 1.80 1.30

Omega Code 2006 $2,000 37 (9) 31 (11) 1.52 1.12 1.11 1.29 1.09

Orthodox 2012 $1,000 43 (8) 0.57 0.84

Outflanker 1999 $3,000 32 (3) 32 (19) 1.06 1.29 1.20 1.30 2.00

Parading 2011 $3,500 69 (14) 97 (54) 1.19 1.26 1.16 1.75 1.97

Parker's Storm Cat 2005 $2,000 67 (12) 58 (23) 0.92 0.95 0.72 0.79 0.57

Peak Dancer 2005 Private 26 (2) 17 (12) 1.04 1.00 0.93 1.16 1.03

Porto Foricos 2001 $1,500 32 (2) 66 (28) 1.15 1.06 1.09 2.12 1.65

Portobello Road 2010 $1,000 63 (11) 39 (25) 1.24 0.85 1.05 1.04 0.84

Preachinatthebar 2009 $1,000 60 (12) 19 (9) 0.53 0.33 0.59 0.52 0.48

Primary Suspect 2009 $1,000 26 (4) 34 (19) 1.34 1.51 1.34 1.83 1.13

Prime Timber 2003 Private 30 (7) 0 1.10 1.30

Private Gold 2006 $1,500 38 (4) 20 (13) 0.70 0.70 0.73 1.06 1.08

Private Vow 2010 $2,000 33 (9) 45 (35) 1.69 1.58 1.51 2.07 1.95

Proud Tower Too 2009 Private 26 (13) 25 (12) 0.66 0.20 0.63 0.64 0.56


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Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Quest 2007 Private 31 (5) 9 (6) 0.81 1.09 1.30 0.89 2.72

Raise the Bluff 2009 $1,000 27 (4) 25 (19) 0.53 0.72 0.70 1.17 0.74

Rebellion (GB) 2011 CAN$3,500 26 (7) 26 (17) 1.85 1.32 1.17 2.37 1.63

Roaring Fever 2006 $3,500 33 (5) 23 (14) 0.97 0.70 0.84 1.29 1.04

Rosberg 2010 CAN$3,000 30 (2) 21 (15) 0.85 1.22 1.14 1.77 2.70

Ruler's Court 2008 $2,000 25 (8) 37 (21) 1.00 0.93 0.82 1.24 0.79

Run Production 2004 $3,500 36 (2) 9 (10) 1.15 1.07 1.07 1.53 1.53

Run to Victory 2008 CAN$2,000 34 (2) 4 (2) 1.00 1.02 1.38 1.68 1.46

Saint Anddan 2009 $4,500 45 (10) 37 (18) 1.04 0.86 1.01 1.17 1.07

Saint Stephen 2009 CAN$3,000 35 (1) 46 (18) 0.89 0.71 0.88 1.58 1.94

Salute the Sarge 2010 $2,500 42 (8) 41 (27) 1.19 1.07 1.03 1.90 1.42

Sarava 2006 $1,500 35 (8) 31 (11) 0.76 1.42 0.95 0.76 1.30

Save Big Money 2011 $2,000 32 (8) 41 (23) 0.86 0.93 0.92 1.12 1.33

Seeking a Home 2003 Private 29 (9) 12 (3) 0.90 0.04 0.95 1.17 0.31

Seeking Beauty 2011 $1,500 28 (4) 3 (1) 1.33 0.77 0.97 1.28 0.45

Seeking the Best (IRE) 2009 CAN$5,000 35 (6) 40 (19) 1.14 1.17 1.41 1.68 2.30

Senor Swinger 2009 $4,000 27 (3) 23 (11) 1.59 0.92 1.05 1.25 0.81

Sightseeing 2010 $3,500 45 (13) 48 (27) 1.48 1.60 1.64 1.32 1.28

Silic (FR) 2002 $3,500 26 (9) 8 (4) 1.22 1.08 1.11 1.92 0.05

Silver City 2012 $2,000 28 (4) 1.05 1.24

Sing Baby Sing 2012 $2,500 41 (5) 1.00 1.69

Singing Saint 2011 CAN$2,500 29 (4) 33 (22) 1.29 0.52 0.51 1.51 1.36

Skye'n Thunder 2007 $500 27 (14) 33 (0) 0.08 0.00 0.36 0.31 0.00

Smooth Air 2012 $2,500 40 (13) 1.06 1.09

Smooth Jazz 2005 $2,000 46 (11) 12 (7) 0.83 0.57 0.97 0.90 0.81

So Long Birdie 2007 $2,000 26 (6) 29 (17) 1.04 0.95 0.79 1.84 1.64

Southern Image 2007 $4,000 25 (5) 31 (28) 1.16 1.17 1.12 2.08 1.85

Southwestern Heat 2009 $2,500 27 (1) 0 0.76 1.82

Spanish Steps 2006 $2,000 32 (3) 17 (11) 0.78 1.91 1.85 1.42 1.09

Special Rate 2007 $3,000 31 (6) 33 (16) 0.61 0.38 0.52 0.66 0.63

Square Eddie 2011 Private 40 (4) 34 (33) 1.23 1.26 1.26 2.10 2.78

Stonesider 2009 $3,000 66 (10) 83 (51) 1.26 1.24 1.15 1.20 1.48

Storm and a Half 2002 $1,500 52 (7) 24 (11) 1.67 1.17 1.20 2.71 1.74

Stallion

1stCropYear

2011Stud Fee


10 MB(11 Fls)

11 CI [QMB]

11 CI [QD]

10 CI [QMB]

11 CPI [QMB]

11 CPI [QD]

Storm Victory 2005 CAN$2,000 48 (10) 19 (10) 0.90 0.82 0.88 1.57 2.09

Street Magician 2012 $3,000 63 (9) 1.68 1.42

Strut the Stage 2008 CAN$2,500 55 (4) 29 (16) 1.33 1.40 1.26 1.83 1.38

Suave 2008 $4,500 27 (5) 95 (57) 1.22 0.88 0.97 1.12 1.54

Supah Blitz 2007 $1,000 26 (2) 5 (1) 0.90 0.00 0.03 0.69 0.98

Tactical Cat 2001 $1,000 49 (15) 48 (30) 0.82 0.96 0.81 1.05 1.10

Tale of the Hills 2008 $2,500 46 (13) 0 1.02 1.52

Talent Search 2011 $2,500 36 (3) 63 (40) 1.61 1.40 1.38 1.50 1.33

Tales Not Told 2009 $1,500 52 (11) 50 (5) 1.10 1.93 1.16 1.31 0.87

Tenpins 2006 $3,500 44 (7) 42 (14) 1.04 0.08 0.93 1.67 1.33

Terrell 2007 $2,000 32 (1) 30 (29) 1.58 1.81 1.59 2.17 1.97

The Pamplemousse 2012 $3,500 25 (3) 1.50 2.79

The Visualiser 2011 $1,500 27 (6) 34 (14) 0.98 0.82 0.72 1.05 0.85

The Way Home 2009 $2,500 38 (4) 39 (19) 0.96 1.02 0.97 1.24 1.11

Thorn Song 2012 $3,500 43 (5) 1.81 3.57

Time Bandit 2001 $1,000 31 (2) 13 (9) 1.20 1.10 1.15 1.49 3.24

Toccet 2006 Private 50 (4) 63 (20) 1.17 2.46 1.05 1.39 1.36

Too Much Bling 2008 $4,000 46 (8) 56 (27) 1.08 1.25 1.13 1.12 1.87

Toolighttoquit 1998 $2,000 48 (11) 58 (30) 0.91 1.06 0.91 0.90 0.91

Trickey Trevor 2009 $1,250 30 (1) 27 (12) 0.61 0.54 0.54 1.03 1.39

Uncle Abbie 2003 $3,000 36 (5) 42 (20) 0.66 0.44 0.59 0.73 0.74

Vibank 2009 CAN$1,500 41 (7) 26 (12) 1.38 1.82 1.43 1.36 1.26

Vronsky 2006 $3,500 33 (13) 51 (30) 2.08 1.18 1.08 2.04 1.38

War Cry 2010 CAN$2,000 53 (7) 39 (12) 1.25 1.74 1.32 1.51 2.12

Waupaca 2011 $1,000 28 (5) 9 (9) 1.19 0.66 0.66 1.49 1.09

Weigelia 2010 $3,500 37 (9) 29 (25) 1.12 1.09 1.11 1.93 1.26

West Acre 1999 $2,500 46 (12) 7 (3) 1.75 0.72 1.24 0.96 0.41

Wilko 2009 CAN$5,000 28 (1) 66 (48) 1.45 0.87 0.72 0.90 1.21

Windsor Castle 2005 $2,500 69 (12) 78 (39) 1.10 1.68 1.59 1.25 1.31

Xchanger 2010 $1,500 33 (3) 14 (6) 1.42 0.61 1.15 0.87 1.38

Yesbyjimminy 2011 $2,500 38 (9) 36 (27) 1.40 1.57 1.42 1.25 1.23

Zarbyev 1990 $3,500 34 (7) 2 (2) 0.86 1.58 1.58 1.07 0.43

Zavata 2005 $2,500 41 (3) 8 (6) 1.19 1.54 1.48 1.15 1.07


Quality of Mares Bred (first foals in 2012)

Stallion2011

Stud Fee Farm11 MB

UnracedMares

2011CI [QMB]

2011CPI

[QMB]

Affirmatif $1,000 Diamond G Ranch 46 6 0.82 1.46

Afleet Express $10,000 Gainesway 54 14 1.94 1.46

All American (AUS) $10,000 Darby Dan Farm 47 11 2.37 2.42

Blame $35,000 Claiborne Farm 109 12 3.19 4.24

Bullsbay $5,000 Northview Stallion Station 36 1 1.19 2.29

Charitable Man Private Taylor Mountain Farm 79 12 1.71 1.14

Concord Point $7,500 Hill 'n' Dale Farms 72 18 1.44 1.55

Desert Party $10,000 Darley 121 28 1.79 2.10

Discreetly Mine $15,000 Lane's End 130 28 1.82 2.24

Elusive Warning $4,000 Madera Thoroughbreds 28 3 0.91 2.18

Eskendereya $30,000 Taylor Made Stallions, Inc. 137 20 3.05 3.90

Fearless Private Duchess Views Farm 32 3 0.85 0.98

Grace Upon Grace $2,000 Lovacres Ranch 28 2 1.18 2.23

Grasshopper $3,500 Lane's End Texas 38 7 1.23 2.22

Greeley's Conquest Private Breeders Station 27 1 1.00 1.11

Hold Me Back $6,000 WinStar Farm LLC 100 24 1.59 1.79

Honest Man $2,000 Red River Farms 42 6 1.52 1.96

Jonesboro $1,500 Lake Hamilton Equine Associates 50 9 1.06 1.01

Justenuffhumor $5,000 Vinery New York 40 9 0.91 1.51

Kantharos $5,000 Vinery Florida 80 17 1.33 1.41

Kiss the Kid $3,500 Journeyman Stud 28 7 1.49 0.96

Lantana Mob $1,500 Lake Shore Farm 31 5 1.00 1.59

Line of David $7,500 Spendthrift Farm 78 12 1.12 1.80

Lookin At Lucky $35,000 Ashford Stud 156 27 3.25 5.37

Majesticperfection $10,000 Airdrie Stud 128 30 2.01 1.94

Malibu Moonshine $3,000 Carlland Stables, Inc. 31 5 0.90 1.16

Many Rivers $3,000 Victory Rose Thoroughbreds 25 3 0.89 1.53

Marchfield CAN$4,000 Park Stud 80 14 1.62 2.67

Mast Track CAN$2,500 Adena Springs Canada 29 5 1.33 1.03

Midshipman $15,000 Darley 104 32 1.93 2.61

Musket Man $2,500 Vinery Florida 25 4 1.55 1.40

Neko Bay $7,500 Wintergreen Stallion Station 46 10 1.60 1.83

Not Bourbon CAN$5,000 Norse Ridge Farms 52 8 1.72 3.02

Orthodox $1,000 Peach Lane Farms 43 8 0.57 0.84

Quality Road $35,000 Lane's End 149 30 2.90 5.01

Silver City $2,000 Valor Farm 28 4 1.05 1.24

Sing Baby Sing $2,500 Lane's End Texas 41 5 1.00 1.69

Smooth Air $2,500 Fanlew Farms 40 13 1.06 1.09

Street Magician $3,000 Northview Stallion Station 63 9 1.68 1.42

Summer Bird $15,000 WinStar Farm LLC 148 27 2.05 3.17

Super Saver $20,000 WinStar Farm LLC 145 26 2.26 3.33

Tale of Ekati $15,000 Darby Dan Farm 116 20 1.72 2.35

Temple City $5,000 Spendthrift Farm 136 19 1.22 1.85

The Pamplemousse $3,500 Rancho San Miguel 25 3 1.50 2.79

Thorn Song $3,500 Harris Farms 43 5 1.81 3.57

Tizdejavu $5,000 Crestwood Farm 79 19 1.33 2.90

Warrior's Reward $15,000 Spendthrift Farm 152 33 1.46 2.05

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CPI - 2012 First Foals

Sire2011 CPI

[QMB]2011 MB



Blame 4.24 109


Thorn Song 3.57 43


CI - 2012 First Foals

Sire2011 CI [QMB]

2011 MB


Blame 3.19 109



All American (AUS) 2.37 47



Sire2011 CPI

[QMB] 2011 MBZensational 3.24 98

U S Ranger 2.60 114

Papa Clem 2.59 103

Bushwacker 2.50 51




Sire2011 CI [QMB]

2011 MB

Maimonides 2.87 60

Cowboy Cal 2.62 41


Zensational 1.87 98


Fort Prado 1.69 44

Kodiak Kowboy 1.69 64


Sire2011 CPI

[QMB]2011 MB

Curlin 4.88 129



First Defence 3.25 41

Divine Park 2.71 59

Street Boss 2.66 87


Sire2011 CI [QMB]

2011 MB


Curlin 2.55 129

Circular Quay 2.05 46

Divine Park 1.97 59

Big Brown 1.86 114


Leading Young Sires by 2011 CI [QMB] and CPI [QMB] The following table lists stallion leaders by Class Performance Index (CPI) of young and maiden mares—those without foals of racing age in 2011.

For each stallion are listed the number of young/maiden mares he covered in 2011 (with percentage of all mares bred); those young/maiden mares' average age and CPI; the CPI of all mares the stallion covered in 2011; and the percentage difference between young/maiden and all mares bred.

Stallion

No. Young/Maiden MB

(% All MB 2011)

Average Age of Young/Maiden

Mares Bred

Average Earnings of Young/Maiden

Mares Bred

CPI [QMB] of Young/

Maiden MB

CPI [QMB] of All

Mares Bred%

Difference

$100,000 and upStreet Cry (IRE) 51 (39%) 5.49 $30,833 10.67 11.23 -5.0%

Medaglia d'Oro 60 (38%) 5.83 $29,488 9.86 11.08 -11.0%

Distorted Humor 54 (45%) 5.46 $24,887 7.91 7.97 -0.8%

$50,000-$99,999Bernardini 48 (30%) 5.94 $51,701 16.12 12.14 32.7%

Tapit 66 (42%) 5.70 $32,152 9.97 8.31 20.0%

Smart Strike 70 (47%) 5.94 $23,610 8.37 7.76 7.8%

Malibu Moon 61 (35%) 5.93 $15,309 5.33 5.78 -7.9%

Giant's Causeway 77 (39%) 5.53 $17,597 5.19 6.81 -23.8%

Tiznow 47 (35%) 5.43 $16,981 5.06 5.98 -15.4%

$25,000-$49,999Curlin 53 (41%) 6.00 $15,548 5.43 4.88 11.2%

Lookin At Lucky 48 (31%) 5.46 $11,165 4.85 5.37 -9.7%

Candy Ride (ARG) 73 (40%) 5.70 $14,604 4.82 6.77 -28.8%

Stormy Atlantic 36 (29%) 5.97 $12,789 4.40 5.69 -22.6%

Street Sense 33 (28%) 5.52 $12,397 3.68 3.39 8.6%

Sky Mesa 53 (36%) 5.58 $12,660 3.54 3.88 -8.8%

Eskendereya 46 (34%) 5.59 $9,952 3.51 3.90 -10.1%

Arch 50 (45%) 5.80 $9,775 3.39 4.01 -15.4%

Afleet Alex 63 (41%) 5.38 $10,464 3.39 3.61 -6.2%

$15,000-$24,999

Midnight Lute 27 (28%) 5.19 $8,891 3.33 3.91 -14.9%

Roman Ruler 9 (25%) 4.56 $12,365 3.24 5.50 -41.0%

Congrats 79 (39%) 5.53 $8,767 2.77 3.02 -8.4%

Street Boss 30 (34%) 5.50 $7,500 2.66 2.66 -0.1%

Ghostzapper 59 (50%) 5.97 $7,761 2.66 3.41 -22.1%

Unusual Heat 12 (20%) 5.75 $7,964 2.52 2.48 1.8%

Super Saver 51 (35%) 5.37 $8,997 2.50 3.33 -24.9%

City Zip 60 (40%) 5.88 $7,170 2.28 3.04 -25.1%

$10,000-$14,999Smoke Glacken 15 (33%) 5.60 $7,204 2.46 2.37 4.0%Mizzen Mast 28 (36%) 5.36 $6,999 2.44 3.33 -26.7%Proud Citizen 17 (35%) 5.71 $6,522 2.41 2.25 7.3%Mutakddim 11 (44%) 5.18 $7,047 2.29 3.19 -28.1%Divine Park 28 (47%) 5.00 $7,871 2.28 2.71 -15.8%Northern Afleet 48 (36%) 5.29 $7,259 2.23 2.61 -14.7%Flower Alley 19 (24%) 5.84 $5,641 2.06 2.57 -19.7%Artie Schiller 25 (27%) 5.92 $5,369 1.99 2.22 -10.4%Desert Party 28 (23%) 6.14 $5,375 1.95 2.10 -7.0%Touch Gold 11 (37%) 6.45 $4,382 1.88 2.94 -36.0%

$5,000-$9,999First Defence 10 (24%) 5.60 $17,345 7.17 3.25 120.6%Bertrando 19 (46%) 5.42 $7,612 2.72 2.47 10.2%Tribal Rule 9 (33%) 5.33 $6,879 2.71 2.25 20.5%Kafwain 12 (26%) 6.00 $10,075 2.66 2.47 7.8%Where's the Ring 30 (42%) 6.03 $6,663 2.44 2.36 3.5%Old Forester 48 (43%) 5.79 $8,256 2.40 3.00 -20.0%Surf Cat 13 (48%) 5.77 $7,867 2.38 1.76 35.4%Purge 4 (16%) 5.50 $7,222 2.35 2.23 5.3%Horse Greeley 8 (24%) 5.00 $6,996 2.27 2.06 10.4%Fairbanks 30 (38%) 6.20 $4,696 2.10 2.29 -8.3%

Less than $5,000Weigelia 9 (24%) 7.22 $9,916 3.52 1.93 82.5%Milwaukee Brew 21 (47%) 6.00 $10,107 3.09 3.59 -13.9%Diabolical 22 (33%) 5.14 $9,713 3.02 1.96 54.1%Grazen 16 (53%) 6.25 $7,490 2.74 2.25 21.7%Bold n' Flashy 7 (28%) 5.14 $10,925 2.54 1.90 33.6%Gold Tribute 6 (23%) 5.83 $6,716 2.53 2.58 -1.8%Ministers Wild Cat 24 (59%) 5.75 $7,975 2.49 2.44 1.9%Singing Saint 9 (31%) 7.22 $6,588 2.45 1.51 62.4%Devon Lane 9 (26%) 5.56 $4,476 2.38 1.66 43.1%Private Vow 8 (24%) 7.13 $7,242 2.33 2.07 12.6%

Leading Sires by Quality of Young/Maiden Mares Bred


SWins GSWins Sire

Up to 4.5 furlongs

5 0 Windsor Castle

4 0 Greatness

3 0 Blumin Affair

3 0 Tiger Ridge

5 to 5.5 furlongs

10 2 War Chant

9 0 Speightstown

7 0 Bernstein

7 0 City Zip

7 0 Elusive Quality

7 0 Stormy Atlantic

6 furlongs

13 2 Flatter

13 2 Mutakddim

12 3 City Zip

12 3 Freud

12 1 Speightstown

11 0 Blumin Affair

11 1 Not For Love

10 3 Harlan's Holiday

10 0 Valid Expectations

10 2 Yonaguska

6.5 furlongs

6 0 Katahaula County

5 0 Harbor the Gold

5 1 Speightstown

4 0 Candy Ride (ARG)

4 1 Elusive Quality

4 0 Finality

4 0 Golden Missile

4 0 In Excess (IRE)

4 1 Indian Charlie

4 0 Storm Victory

4 1 Successful Appeal

7 to 7.5 furlongs

14 10 Candy Ride (ARG)

9 3 Posse

8 1 Freud

8 2 Stormy Atlantic

8 2 Trippi

8 0 Windsor Castle

Leading Sires by Stakes Distance, January 2009-November 6, 2011

SWins GSWins Sire

8 furlongs to 1 mile 70 yards

14 5 Malibu Moon

14 6 Smart Strike

13 2 Distorted Humor

12 2 Stormy Atlantic

12 5 Tiznow

11 3 Elusive Quality

11 2 Mizzen Mast

10 3 Mineshaft

10 2 Quiet American

9 2 Awesome Again

9 6 Indian Charlie

9 2 Street Cry (IRE)

8.5 furlongs

20 12 Tapit

19 12 Smart Strike

17 7 Giant's Causeway

14 3 Quiet American

13 1 Cherokee Run

12 4 Distorted Humor

12 5 Medaglia d'Oro


12 3 Victory Gallop

9 to 9.5 furlongs

14 12 Giant's Causeway

12 10 Medaglia d'Oro

11 9 Empire Maker

11 11 Smart Strike

11 8 Tiznow

9 5 Arch

9 5 Northern Afleet


10 furlongs

6 2 A.P. Indy

5 5 Malibu Moon

5 5 Unusual Heat

4 3 Dynaformer

3 3 Awesome Again

3 3 Birdstone

3 3 Diesis (GB)

3 2 Distorted Humor

3 2 Sweetsouthernsaint

More than 10 furlongs

5 4 Out of Place

4 4 A.P. Indy

4 4 Acatenango (GER)

4 2 Black Minnaloushe

4 2 Cape Cross (IRE)

4 3 Lord Avie

4 4 Sligo Bay (IRE)

4 3 Unusual Heat

Leading Broodmare Sires by Stakes Distance, January 2009-November 6, 2011

North American Stakes Review

SWins GSWins Broodmare Sire

Up to 4.5 furlongs

4 0 Private Terms

4 0 Roy

4 0 Two Punch

3 0 Pentelicus

5 to 5.5 furlongs

10 2 Trempolino

7 0 Dixieland Band

6 4 Alwuhush

6 0 Mt. Livermore

6 0 Rahy

6 0 Silver Deputy

6 0 Tabasco Cat

6 1 Thirty Eight Paces

6 furlongs

16 1 Dixieland Band

15 3 In Excess (IRE)

14 1 Pentelicus

12 3 Capote

11 2 Rahy

11 0 Seeking the Gold

6.5 furlongs

5 0 Colonial Affair

5 0 Deputy Minister

5 0 Regal Classic

4 0 Allen's Prospect

4 1 Dixieland Band

4 0 Forest Wildcat

4 0 Gilded Time

4 1 Hennessy

4 0 Phone Trick

4 2 Royal Academy

4 0 Silver Deputy

4 0 Sunny's Halo

4 1 Woodman

7 to 7.5 furlongs

9 5 Woodman

8 0 Sky Classic

7 4 Devil's Bag

7 0 General Meeting

7 4 Holy Bull

7 1 Housebuster

7 2 Out of Place


7 0 Verification

SWins GSWins Broodmare Sire

8 furlongs to 1 mile 70 yards

15 6 Rahy

14 1 Cozzene

14 2 Kris S.

11 3 Storm Cat

10 4 Deputy Minister

10 4 Dixieland Band

10 6 Woodman

9 2 Broad Brush

8 3 Belong to Me

8 1 Carson City

8 1 Gilded Time

8 3 Mr. Prospector

8 0 Pine Bluff

8 2 Quiet American


8.5 furlongs

17 3 Deputy Minister

17 7 Kris S.

16 4 A.P. Indy

16 6 Broad Brush

13 6 Belong to Me

12 3 Smart Strike

12 2 Theatrical (IRE)

11 6 Rahy

11 2 Rubiano


11 5 Unbridled

9 to 9.5 furlongs

15 12 Storm Cat

12 7 Broad Brush


11 10 Kris S.

10 6 A.P. Indy

9 7 Deputy Minister

9 6 Rahy

9 6 Unbridled

10 furlongs

4 4 Silveyville

4 2 Smart Strike

4 3 Valid Appeal

3 2 Broad Brush

3 2 Deputy Minister

3 3 Easy Goer

More than 10 furlongs

5 5 Conquistador Cielo

5 4 Dynaformer

4 4 Linamix (FR)

4 3 Solar City

Data include progeny wins in graded, listed, and re-tricted stakes run in Canada, Puerto Rico, and the U.S. from January 1, 2009 to November 6, 2011.


ThoroughbredI n v e s T I n g

BReediNg Stock

$

Low

-Lev

eL

Instant gratIfIcatIonBy Shelby O'Neill

Once you’ve made the decision to enter the Thoroughbred business as a new owner, it may feel like an awful lot of

hurry-up-and-wait. Investing in mares, yearlings, and 2-year-olds requires a substantial time lag for new owners to see their purchases wearing their silks on the track. But with a claimer, owners get a ready-made racehorse.

“I think claiming horses are an excellent way for someone to start out,” said Rick Cundiff, who has organized a number of claiming partnerships through his Texas-based Champion Racing Stable. “Through a claiming partnership, they can decide what level of involvement they want to have, like if they want to show up on race day and sit in the clubhouse or be more hands-on and meet the trainer, go to the barn, and watch the horse work out.”

With a $5,000 to $10,000 budget and a desire to see a prospect make it to the track sooner than later, a claiming horse offers an owner the quickest return on investment. In a claiming race, every horse that breaks from the starting gate is available for a price. While top-tier tracks such as Keeneland and Saratoga may only offer claimers running for a $30,000 tag or greater, racing secretaries at mid-tier and lower-tier

tracks regularly write claiming races for $5,000 and $3,500, and even as low as $2,500 and $1,000.

New owners must keep in mind that even though their budget can accommodate a certain price tag for a claiming horse, they must also keep enough capital on hand to provide for the horse’s board, training, veterinary bills, and entry fees for upcoming races.

“I recommend that new owners with a small budget stick to claiming partnerships and maybe buy a yearling to race now and then,” said Jack Shelton, who regularly manages claiming partnerships through his On the Mark Racing. “That is the only way I can see that a small partnership can make racing work and preserve their capital. People will not just keep putting money into this game and losing it.”

Aside from the thrill of owning a racehorse itself, Thoroughbred owners also want to see their runners suc-ceed. With a claiming horse, owners have the option to keep running in claiming races while also deciding wheth-

er the horse can bet-ter compete at lower levels or, as all owners hope, be competitive in higher-level races, even outside of claiming company altogether.

“When you claim a horse, you keep an eye out there to see some-thing you can improve on or drop down,” said Glen Davis, who runs the Southwest-based Pa ramoun t Ra c i ng Stable. “You go in and out-shake four or five guys somewhere like Oaklawn Park and then take those guys over to Dallas or Shreveport.”

Of course, in addi-tion to the typical risk of injury, illness, and

other maladies that can plague any racehorse, a claiming horse also runs the risk of being claimed away every time the horse runs in another claiming race, which makes find-ing the correct level for your horse to run in competitively all the more important. A horse that performs too well at a level will likely be claimed away while a horse sorely outmatched will likely not end up earning the owner any of that elusive purse money. Many claimers over the years have gone on to win stakes races and even make racing history, such as multiple Horse of the Year John Henry, dual Classic winner Charismatic, and multimillionaire Lava Man.

“The reason to get involved in horse racing is because it’s a lot of fun,” Cundiff said. “It’s fun to win $5,000 claiming races. I can’t afford to own the Dallas Cowboys, but I can own a racehorse.” M

Lava Man

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success at any levelBy Rachel Pagones

the claiming game is a little bit like peanut butter—people either love it or they hate it, but either way, it is almost

always somewhere on the menu in the United States. One of the attractions of claiming horses is that success may come at any level, so that owners with modest budgets can compete fairly equally with better-financed outfits. Our budget of $25,000 to $50,000 is not at the higher end, but neither does it have to be

near the bottom, even on the major circuits. As with any type of Thoroughbred investment, you basically have two options: Go in solo or invest with partners.

Peggy Johnson is a Southern California-based owner who began claiming horses with various partners 20 years ago and has enjoyed her share of success. The first horse Johnson claimed, with her then-husband Vic and two partners, won the day he was claimed and then added three consecutive victories. The couple’s greatest achievement, though, came with Southern Truce, a $16,000 claim who was “skinny and back at the knees” but subsequently won two grade I races and garnered a huge profit for the Johnsons and trainer Roger Stein.

“We’d been claiming horses for a couple of years, and at that time Roger would just put us with other owners, and we’d own anywhere from 25% to not more than 60% of the horses,” says

Johnson. “But there was no one else to claim Southern Truce, so it was just Roger and us, and we were in for 50%. She didn’t have much pedigree so we sold her for around $150,000—if you take that plus the purse money, she made us a little over a mil-lion dollars.”

Later, Johnson entered into claiming partnerships with Barry Abrams, another Southern California trainer and former assis-tant to Stein. Initially, each partner put in $12,000, for a total of $60,000, and the group claimed two runners, saving some money for two to three months of training bills. Eventually, they ended up with seven horses. “When we started, we totally relied on Barry. He’s pretty good at saying what he likes about horses. Toward the end we were basically picking them, but he would say, for instance, ‘if you’re paying $40,000 for this horse, you’re paying too much—wait till it drops down to $32,000.’” In that vein, while Johnson attributes some of her success to luck, she credits much of it to her trainers. “I think the most important deci-sion you can make is picking a trainer you can trust,” she says.

For owners who prefer to go it alone, Santa Anita-based trainer Howard Zucker offers this advice for the investor on a smaller budget: “Spend it all on one. I hate to put all my apples in one basket, but with that amount of money, it’s smarter. Because $25,000 is just a midlevel horse, toward the lower third of the claiming scale out here [in Southern California]. The thing is they all cost pretty much the same to keep, but you have much less chance for profitabil-ity at the lower levels, and you need to cover expenses.”

Zucker adds, “The ones at the lower level, if they’re any good, have been pretty much picked

over, and you have nowhere to go if you need to drop [the horse in class]. At $25,000, you still have the possibility of getting a little bit of a fresh horse, and a $25,000 horse has so much more earning potential. If you get two $10,000 horses, you’ve got two horses and you’re now paying $6,000 per month in train-ing bills. There is some safety in numbers, but two is not a big enough number.”

Zucker prefers to look for a relatively unexposed horse, because, he says, although “everyone dreams to claim a horse that’s been running without blinkers and needs them, or has been running short and needs to go long, you’re not going to find too many things somebody has missed. I’m always tempted to dive into a young horse. For me, that would probably be the way I would go—not so much a maiden but a lightly raced horse, one that’s been showing a little talent in the morning.” M

Claiming races are common in the U.S. and offer investment opportunities at many levels.

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l ike the rest of the Thoroughbred horse industry, the high-level claiming game has slowed consider-

ably over the past few years. Since 2000 a total of 65 runners have been claimed for $100,000 or more, but only seven since January 1, 2008. There was only one six-figure claim in 2010 and none so far in 2011.

The type of runner being claimed has also changed.

Of the 58 horses claimed for six figures prior to 2008, only two were claimed as maidens, the first-time start-ers African Treasure and Onetimeatbandcamp (both claimed for $100,000). The typical horse claimed at this level for most of the last decade had established form. Forty-five of the 58 (78%) had already earned at least $100,000 in their careers and 41 (71%) had already won or placed in a stakes race.

Of the seven six-figure claims since 2008, all but one was claimed as a maiden and four were claimed out of their first starts. So far, only one of these hors-es, Kilderry, has shown a profit for his new owner. The son of E Dubai was dropped in for a $100,000 tag on April 4, 2008, after three tries at the maiden spe-cial level. He finished fourth that day but won three

of his next four starts for his new connections, including the Oceanside Stakes, the traditional opening day feature at Del Mar. He earned more than $178,000 after switching barns.

There is technically still time for the others claimed in the past three years to justify their purchases, but it doesn’t look good. Only two have even started in 2011.

The overall drop in claims at the six-figure level is likely due there being fewer owners in the Thoroughbred game overall. But it’s interesting that the top end of the claim-ing game has become more speculative while the rest of the business has gravitated towards more proven commodities. There were certainly a good number of successes last decade from the more proven runners that were claimed for six fig-ures. Pie N Burger, for example, was haltered for $100,000 in August 2002 and went on to win six stakes, including the Lone Star Park H. (gr. III). He racked up more than a half-million in earnings after being claimed as well. Pure as Gold was claimed for $100,000 two months after taking the San

Simeon H. (gr. IIIT). In his first start for his new connections, he held off Bordonaro at 23-1 to capture the Bing Crosby H. (gr. I) at Del Mar.

Overall, 14 of the 58 ( 24%) s i x - f i g -ure claims prior to 2008 netted at least $100,000 after being c l a imed (ea rn ings less claim price) and another 14 showed a lesser net profit , excluding of course, training costs. Forty-five percent earned black type sometime after being claimed, so this was a good way for owners to get quick action for

their money even if the economics didn’t always work out. Many others among the remaining 55% were at least tried in stakes subsequent to being claimed. M

Thoroughbred Investing 2011 Series Calendar

February horses in Training: Insights about purchasing juvenile runners at winter and spring 2-year-olds in training sales.

April racing Partnerships: Joining a partnership usually requires yielding some control—but also allows investors to share the risks.

June Yearling Pinhooks: In the current market economy, some investors dream of reaping profits long before the horse makes it to a racetrack.

September breeding stock: It's a long-term approach, but pedigree-minded participants often like the idea of breeding their own runners.

NovemberClaiming: Perhaps the best guarantee of acquiring a racehorse is to claim a proven runner. We will offer a few words of advice pertaining to your investment level.

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Kilderry (outside) winning the Oceanside Stakes

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Excerpt: Dynaformer Dynasty 16 November 2011 • by Lizz Kunz • 19 Comments

Dynaformer, who will be 27 when the 2012 Northern Hemisphere breeding season commences, has consistently sired winners of races all across the world since first retiring to Wafare Farm in 1990. While it's no secret that this big bay with an "I'm boss" attitude knows how make a determined runner, many in the Thoroughbred market overlook or underestimate Three Chimneys Farm's elder stallion. Even as he ages and his book size becomes increasingly selective, the quality of his progeny has not diminished. Wise buyers will be prepared to take advantage of what this stallion has to offer in his final crops.

At the end of this past summer, Dynaformer had only five yearlings offered in the select sessions of Keeneland's September yearling sale. While the Dynaformers sold better than they had last year, none broke the $1 million mark. ... Dynaformer doesn't tend to throw the most attractive and well put together yearlings—a reality that has always affected his sale prices—but he sure knows how to make a runner. His ability to get winners has not waned with age, either. Let's have a quick look at some of Dynaformer's big runners from the past few years.

One great example would be Blue Bunting, a filly that sold for only $200,000 at Fasig-Tipton's 2009 Saratoga yearling sale, yet has won $1,066,879 so far in her career ... Dynaformer's filly Rainbow View was champion 2-year-old filly in Europe in 2008 ... Americain, winner of $5,181,240 ... the ill-fated Barbaro, winner of the 2006 Kentucky Derby Presented by Yum! Brands (gr. I) ... Dynaforce, winner of the 2008 Flower Bowl Invitational (gr. IT) and the Beverley D. Stakes (gr. IT) a year later ... Brilliant Speed, winner of the Toyota Blue Grass Stakes (gr. I) in April.... The list of Dynaformer's top-level latter-day progeny continues....

It is hard to pin specific accolades on this stallion. It seems that he is more successful through his fillies, but he has the ability to produce colts that can compete internationally in the classics. While he is celebrated for his turf runners, his offspring have proved their ability on synthetics and dirt. Dynaformer's runners can cover a vast range of distances: Though they tend to be stayers, they can fall back to score at a mile or stretch out to win routes like the Melbourne Cup. The typical Dynaformer develops as a 3- or 4-year old, but it's not unusual to see his sons and daughters succeed in graded or group races as juveniles. With this level of success, one would expect his offspring to command big money at the sales, yet they never seem to make the headlines until they hit the track. Maybe it's the lack of flair in their appearance, or the fact that he doesn't have the reputation of being a sire of sires.

Dynaformer may be getting older—it can be predicted that his breeding years are numbered—yet his offspring never lack in talent. Offspring of the Three Chimneys stallion tend to have outstanding pedigrees and provide more value for their price than almost any other stallion on the market today. He's not to be overlooked in his final years at stud.

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Dynaformer's son Lucarno might carry on his sire's legacy. If I could breed any mare to Dynaformer, it would be this year's Canadian International (gr. IT) winner Sarah Lynx because she is a great distance horse and loves the turf like Dynaformer.

Alexandra Boyd

The U.S. stud market is in dire need of a good son of Dynaformer. The only way to guarantee good sons is to send good mares to Dynaformer in his last year (probably). The one I'd love to see is Zenyatta. Don't laugh. She's built big and long and needs a stallion who will complement her (NOT one that will "balance her out" by just being smaller). Roberto 2 X 3 isn't too close, either, as the resulting colt would have as his inbreeding.

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