Index Descriptions

Bovespa

Index of leading stocks traded on the Sao Paulo Stock Exchange in Brazil.
Accumulation or Total Return Index (assumes dividends are re-invested).
Liquidity-weighted and designed to account for 80% of total market liquidity.
Components reviewed quarterly.
Nominal base value of 100, as of Jan 2, 1968. However, the index has undergone 10 “splits” since inception.
Data starts after the last division by 10 on March 3, 1997.

BSE Sensex 30

Index of leading stocks traded on the Bombay Stock Exchange.
Capitalization-weighted (free float-adjusted as of September 1, 2003).
First published in 1986.
Base value of 100 as of April 1, 1979.

CAC 40

Index of stocks traded on Euronext Paris.
Capitalization-weighted (free float-adjusted from December 2003).
Components reviewed quarterly.
Base value of 1000 as of December 31, 1987.

CBOE Volatility Index

Index of expected U.S. stock market volatility, as measured by the implied volatility of S&P 500 Index options.
First calculated in 1993, based on the $SP 100 Index (OEX).
Methodology revised in September 2003, with the S&P 500 serving as the new base and a wider range of option strikes covered.
Simulated history for the “new” VIX provided back to 1986.

Reuters/Jeffries CRB Index

Index of international commodity futures prices.
First published by Commodity Research Bureau in 1957.
Latest major revision in 2005 (the 10th revision) saw an increased emphasis on energy components.
Index components and weightings as of 2006 were -

Crude Oil	23%
Aluminium	6%
Copper	6%
Corn	6%
Gold	6%
Live Cattle	6%
Natural Gas	6%
Soybeans	6%
Cocoa	5%
Coffee	5%
Cotton	5%
Heating Oil	5%
RBOB Gasoline	5%
Sugar	5%
Lean Hogs	1%
Nickel	1%
Silver	1%
Wheat	1%

DAX 30

Index of leading German companies traded on the Frankfurt Stock Exchange's electronic trading system (Xetra).
Performance index (dividends are folded into the calculation so as to measure total returns).
Capitalization-weighted (free float-adjusted from June 2002).
Components reviewed quarterly.
Calculated on Xetra generated prices since June 21, 1999.
Base value of 1000 as of December 30, 1987.

Dow Jones EuroSTOXX 50

Index of stocks drawn from exchanges in the 12 Eurozone countries (exchanges that have the Euro as a currency).
Capitalization-weighted, free float-adjusted.
Components reviewed annually.
First published in February 1998.
Base value of 1000 as of December 31, 1991.

Dow Jones Industrial Average

Index of 30 industry leading U.S. stocks.
Price-weighted.
First published in 1896 with 12 components.
Number of components increased to 30 in 1928.
First non-NYSE stocks (Microsoft, Intel) included in 1999.

DJ-UBS Agriculture Sub-Index

Coffee, Corn, Cotton, Soybeans, Soybean Oil, Sugar, Wheat.

DJ-UBS Commodity Index

Broad index of international commodity futures prices.
Introduced in 1998.
Components reviewed annually.

DJ-UBS Energy Sub-Index

Crude Oil, Heating Oil, Natural Gas, RBOB Gasoline.

DJ-UBS ex-Energy Sub-Index

Aluminium, Coffee, Corn, Cotton, Gold, Lean Hogs, Live Cattle, Nickel, Silver, Soybeans, Soybean Oil, Sugar, Wheat, Zinc.

DJ-UBS Grains Sub-Index

Corn, Soybeans, Wheat.

DJ-UBS Industrial Metals Sub-Index

Aluminium, Copper, Nickel, Zinc.

DJ-UBS Livestock Sub-Index

Lean Hogs, Live Cattle.

DJ-UBS Petroleum Sub-Index

Crude Oil, Heating Oil, RBOB Gasoline.

DJ-UBS Precious Metals Sub-Index

Gold, Silver.

DJ-UBS Softs Sub-Index

Coffee, Cotton, Sugar.

FTSE 100

Index of stocks traded on the London Stock Exchange's SETS trading system.
Capitalization-weighted, free float-adjusted.
Components reviewed quarterly.
First published in January 1984.
Base value of 1000 as of January 3, 1984.

Hang Seng

Index of stocks drawn from 4 industry groupings of the Hong Kong Stock Exchange.
43 components as of September 2008.
Capitalization-weighted (free float-adjusted from September 2006).
Components reviewed quarterly.
First published in November, 1969.
Base value of 100 as of July 31, 1964.

KOSPI 200

Index of stocks traded on the Korea Exchange.
Capitalization-weighted.
Components reviewed annually.
First published in June, 1994.
Base value of 100 as of January 3, 1990.

MSCI Singapore (Free) Index

Index of stocks traded on the Singapore Exchange.
Capitalization-weighted, free float-adjusted.
Components selected to represent 85% of the total market cap of each GICS Level 2 Industry Group.
31 components as of September 2008.
Components reviewed quarterly.
Base value of 100 as of December 31, 1987.

MSCI Taiwan Index

Index of stocks traded on the Taiwan Stock exchange that are available to international investors.
Capitalization-weighted, free float-adjusted.
Components selected to represent 85% of the total market cap of each GICS Level 2 Industry group.
114 components as of September 2008.
Components reviewed quarterly.
Base value of 100 as of December 31, 1987.

NASDAQ 100

Index of the 100 largest and most active stocks traded on the NSADAQ.
Excludes financial stocks.
Foreign stocks included from 1998.
Modified capitalization-weighted.
Components reviewed annually.
First published in January, 1985.
Base value of 250 as of January 31, 1985.

NASDAQ Composite

Index of all common stocks, domestic and foreign, traded on the NASDAQ.
Capitalization-weighted.
Base value of 100 as of February 5, 1971.

Nikkei 225

Index of stocks drawn from the "first section" of the Tokyo Stock Exchange.
Price-weighted.
Components reviewed annually.
First published in September, 1950.
Known as the "Nikkei-Dow" until 1985.
Base value of 100 as of May 16, 1949.

NYSE Composite

Index of all common stocks, domestic and foreign, traded on the New York Stock Exchange.
Includes ADRs, REITs and tracking stocks.
Capitalization-weighted (free float-adjusted as of January, 2003).
Original base value of 50 as of December 31, 1965.
Re-launched in January 2003, with base value of 5000 as of December 31, 2002.

Russell 1000

Index of U.S. stocks representing the largest 1000 stocks in the Russell 3000 Index.
Capitalization-weighted (free float-adjusted since inception).
Components reviewed annually.
First calculated in real time in December 1986.
Base value of 130 as of December 31, 1986.

Russell 2000

Index of U.S. stocks representing the smallest 2000 stocks in the Russell 3000 Index.
Capitalization-weighted (free float-adjusted since inception).
Components reviewed annually.
First calculated in real time in December 1986.
Base value of 135 as of December 31, 1986.

S&P 100

Index of leading U.S. stocks that have corresponding exchange-traded options.
Capitalization-weighted (free float-adjusted as of September, 2005).
Components reviewed as needed.
First published in March, 1983.
Base value of 50, as of January 2, 1976.
Index split 2:1 on November 24, 1997.

S&P 500

Index of U.S. stocks.
Capitalization-weighted (free float-adjusted as of September, 2005).
Components reviewed as needed.
First published as the S&P 500 in March, 1957.
Historical prices linked to the earlier S&P 90 Stock Composite Index as of 1928.

S&P Midcap 400

Index of mid-range U.S. stocks.
Capitalization-weighted (free float-adjusted as of September, 2005).
Components reviewed as needed.
First published in June, 1991.
Base value of 100, as of December 31, 1990.

S&P/ASX 200

Index of stocks traded on the Australian Securities Exchange.
Capitalization-weighted (free float-adjusted as of October, 2002).
Components reviewed quarterly.
First published in April, 2000.

S&P/CNX Nifty

Index of 50 leading stocks traded on the National Stock Exchange of India.
Capitalization-weighted.
Components reviewed quarterly.
First published in November, 1995.
Base value of 1000 as November 3, 1995.

S&P/TSX 60

Index of stocks traded on the Toronto Stock Exchange.
Capitalization-weighted, free float-adjusted.
Components reviewed quarterly.

Shanghai Composite

Index of all stocks (A shares and B shares) traded on the Shanghai Stock Exchange.
Capitalization-weighted.
First published in July, 1991.
Base value of 100, as of December 19, 1990.

Straits Times

Index of stocks traded on the Singapore Exchange.
Capitalization weighted (free float-adjusted from January, 2008).
Components reviewed semi-annually.
Published as the Straits Times Index from August 1998.
Re-launched on January 10, 2008 with 30 components.

Swiss Market Index

Index of stocks traded on the Swiss Exchange.
25 components as of September 24, 2007 (formerly 25).
Capitalization-weighted, free float-adjusted.
Components reviewed annually.
First published in June, 1988.
Base value of 1,500 as June 30, 1988.

TecDAX

Index of the 30 largest German technology stocks traded on the Frankfurt Stock Exchange's electronic trading system (Xetra) and drawn from the "Prime Standard" segment beneath the DAX.
Capitalization-weighted, free float-adjusted.
Components reviewed quarterly.
First published in March, 2003.
Base value of 1000, as of December 30, 1997.

US Dollar Index

Index measuring the value of the US Dollar against a basket of foreign currencies (British Pound, Canadian Dollar, Euro, Japanese Yen, Swedish Krona, Swiss Franc).
Calculated as a weighted geometric mean.