MSCI Value Weighted Index Total Returns as of 7/31/2009
  Index Levels Returns Compound Annual Returns
MSCI Index Last Day MTD QTD YTD 1 Yr 3 Yr 5 Yr 10 Yr
MSCI WORLD VALUE WEIGHTED INDEX 858.204 0.82% 9.23% 9.23% 20.14% -19.31% -5.81% 3.19% 2.49%
WORLD IMI VALUE WEIGHTED N/A N/A N/A N/A N/A N/A N/A N/A N/A
MSCI EM VALUE WEIGHTED INDEX 762.159 1.34% 12.65% 12.65% 59.06% -11.70% 9.32% 20.60% 13.87%
EM IMI VALUE WEIGHTED N/A N/A N/A N/A N/A N/A N/A N/A N/A
MSCI ACWI VALUE WEIGHTED INDEX 847.214 0.87% 9.56% 9.56% 23.66% -18.26% -4.37% 4.58% 3.36%
ACWI IMI VALUE WEIGHTED N/A N/A N/A N/A N/A N/A N/A N/A N/A
MSCI EAFE VALUE WEIGHTED INDEX 908.174 1.12% 9.66% 9.66% 23.97% -19.87% -4.64% 5.99% 3.84%
MSCI UK VALUE WEIGHTED INDEX 873.572 0.15% 10.00% 10.00% 27.65% -27.56% -10.81% 0.69% 0.56%
MSCI EUROPE ex UK VALUE WEIGHTED INDEX 964.523 0.87% 12.38% 12.38% 24.44% -22.35% -2.95% 8.28% 5.33%
MSCI WORLD ex UK VALUE WEIGHTED INDEX 856.839 0.90% 9.13% 9.13% 19.28% -18.22% -5.14% 3.48% 2.70%
MSCI JAPAN VALUE WEIGHTED INDEX 915.924 2.06% 4.27% 4.27% 14.89% -11.40% -5.72% 3.73% 1.94%
MSCI KOKUSAI VALUE WEIGHTED INDEX 851.004 0.61% 10.11% 10.11% 21.11% -20.55% -5.93% 2.99% 2.55%
MSCI PACIFIC ex JP VALUE WEIGHTED INDEX 759.216 1.87% 12.26% 12.26% 50.60% -8.50% 6.55% 14.06% 10.17%
MSCI NORTH AMERICA VALUE WEIGHTED INDEX 803.912 0.46% 8.71% 8.71% 15.56% -18.86% -7.18% 0.23% 0.98%
MSCI USA VALUE WEIGHTED INDEX 804.350 0.39% 8.24% 8.24% 12.95% -19.64% -8.19% -0.82% 0.10%
MSCI EUROPE VALUE WEIGHTED INDEX 862.644 0.65% 11.66% 11.66% 25.39% -23.99% -5.60% 5.66% 3.78%
MSCI WORLD ex AU VALUE WEIGHTED INDEX 799.071 0.78% 9.17% 9.17% 19.59% -19.46% -6.02% 2.96% 2.29%
MSCI AUSTRALIA VALUE WEIGHTED INDEX 686.711 2.10% 11.34% 11.34% 44.00% -13.99% 3.09% 13.07% 12.28%

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