ETF Snapshot as of December 2005

ETF Snapshot as of December 2005 State Street Global Advisors Contact: Gary MacDonald 617.664.2296 gary_macdonald@ssga.com Alexandra Mackler 703-894-1041 amackler@isunstar.com One Lincoln Street, Boston, MA 02111-2900 advisors.ssga.com

Overview as of December 30, 2005 Abstract: As of Dec 30, 2005, there were 202 ETFs in the US, with assets totaling over $294 BN, managed by 8 ETF managers. BGI has the largest AUM - $164 BN (with 102 ETFs), followed by SSgA with over $83 BN (32 ETFs). Since quarter-end (September 30, 2005), US ETF assets have increased by approximately $30 BN, with SSgA accounting for more than $11 BN of that growth. US ETF Market Details Since September 30, 2005, 21 funds (9 for SSgA and 12 for Powershares) have launched in the U.S. The top 3 managers in the US ETF marketplace, as of September, 30 2005, were BGI, SSgA, and BNY. SSgA was the number two US manager of ETFs, with over 28% of the US ETF market. (See Figure 1 below.) Figure 1 Manager # of Funds Assets ($ US) US ETF Market Share (%) BGI 102 $170,551,996,070 56.50% SSgA 32 $85,130,574,540 28.20% BNY 6 $29,962,519,240 9.93% The top 3 US ETFs in terms of assets, as of December 30 2005, are the SPDR, MSCI EAFE, Nasdaq 100 ETFs. (See Figure 2 below.) The SPDR is the largest in terms of average dollar volume, with over $58 BN in assets (over 19% of the US ETF market), and $6.4 BN average dollar volume. (See Figure 3 below.) Figure 2 Fund Ticker Assets ($ US) US ETF Market Share (%) S&P 500 SPDR SPY $58,406,480,600 19.35% ishares MSCI EAFE EFA $22,868,316,000 7.58% Nasdaq-100 Index QQQQ $20,553,543,200 6.81% Figure 3 Fund Ticker 20 day Avg. $ Volume S&P 500 SPDR SPY $6,401,978,844 Nasdaq-100 Index QQQQ $2,741,833,934 ishares Russell 2000 IWM $1,692,581,516 SSgA US ETF Details Our biggest contributor to U.S. asset growth was the S&P 500 SPDR (SPY), which added over $10 BN since September 2005 (and $2 BN year to date). Top contributors to SSgA US ETF growth were the Dow Diamonds (DIA), the streettracks Gold Trust (GLD), and the S&P 500 SPDR (SPY). (See Figure 4 below.) Figure 4 Fund Assets added since September 2005 S&P 500 SPDR $10,660,316,440 streettracks Gold Trust (GLD) $1,138,545,000 Dow Diamonds (DIA) $583,707,690

US ETF Assets-Summary US ETF Managers by Market Share 12/30/2005 Current Market Share Investment Manager Net Assets 30-Sep-05 QTD Growth 30-Dec-04 YTD Growth 28.20% SSgA Total USA ETF Assets $85,130,574,540 $72,102,649,622 $13,027,924,918 $76,045,782,640 $9,084,791,900 9.93% BNY Total USA ETF Assets $29,962,519,240 $28,181,815,370 $1,780,703,870 $30,364,175,880 -$401,656,640 56.50% BGI Total USA ETF Assets $170,551,996,070 $150,569,097,325 $19,982,898,745 $114,166,702,150 $56,385,293,920 3.71% Vanguard Total ETF Assets $11,211,102,300 $9,407,396,026 $1,803,706,275 $5,838,754,400 $5,372,347,900 0.51% Rydex Global Advisors $1,540,726,570 $1,237,460,270 $303,266,300 $764,899,070 $775,827,500 1.09% Powershares $3,291,086,180 $2,041,068,550 $1,250,017,630 $415,416,560 $2,875,669,620 0.04% Fidelity $121,268,000 $93,313,000 $27,955,000 $137,328,000 -$16,060,000 0.01% First Trust Advisors $35,327,600 $3,135,650 $32,191,950 $0 $35,327,600 100.00% Total USA ETF Assets $301,844,600,500 $263,635,935,813 $38,208,664,687 $227,733,058,700 $74,111,541,800 19.35% SSgA Total Assets SPDR $58,406,480,600 $47,746,164,160 $10,660,316,440 $55,946,401,170 $2,460,079,430 2.53% SSgA Total Assets Diamonds $7,625,071,440 $7,041,363,750 $583,707,690 $8,021,594,540 -$396,523,100 4.22% SSgA Total Assets Select SPDRs $12,752,163,270 $12,511,629,820 $240,533,450 $9,406,144,810 $3,346,018,460 0.20% SSgA Total Assets streettracks Dow Jones Series $615,204,545 $463,608,070 $151,596,475 $454,627,500 $160,577,045 0.05% SSgA Total Assets streettracks Morgan Stanley $160,890,000 $52,857,000 $108,033,000 $30,318,000 $130,572,000 0.01% SSgA Total Assets streettracks S&P $39,345,000 $52,000,000 -$12,655,000 $56,308,000 -$16,963,000 0.03% SSgA Total Assets streettracks Total Market $103,681,700 $106,032,000 -$2,350,300 $119,854,000 -$16,172,300 0.27% SSgA Total Assets Wilshire REIT Index Fund $806,962,500 $794,004,300 $12,958,200 $534,904,620 $272,057,880 0.05% SSgA -Fresco Total Assets $152,361,485 $210,760,522 -$58,399,038 $138,510,000 $13,851,485 1.41% SSgA Total Assets streettracks Gold Trust $4,262,775,000 $3,124,230,000 $1,138,545,000 $1,337,120,000 $2,925,655,000 0.01% SSgA Total Assets SPDR Dividend $32,490,000 $0 $32,490,000 $0 $32,490,000 0.06% SSgA Total Assets KBW $173,149,000 $0 $173,149,000 $0 $173,149,000 6.81% BNY Total Assets Nasdaq-100 Cubes $20,553,543,200 $19,514,943,000 $1,038,600,200 $22,378,382,000 -$1,824,838,800 2.98% BNY Total Assets S&P 400 MidCap SPDR $8,992,958,040 $8,332,534,320 $660,423,720 $7,913,656,880 $1,079,301,160 0.14% BNY Total Assets BLDRs Series $416,018,000 $334,338,050 $81,679,950 $72,137,000 $343,881,000 0.55% BGI Total Assets ishares Cohen & Steers $1,665,810,000 $1,587,600,000 $78,210,000 $1,270,473,000 $395,337,000 4.86% BGI Total Assets ishares Dow Jones $14,665,440,200 $14,596,300,875 $69,139,325 $11,616,468,500 $3,048,971,700 0.75% BGI Total Assets ishares Goldman Sachs $2,264,498,000 $2,134,346,000 $130,152,000 $1,257,129,000 $1,007,369,000 19.07% BGI Total Assets ishares MSCI $57,550,991,450 $46,249,428,850 $11,301,562,600 $30,369,950,150 $27,181,041,300 0.52% BGI Total Assets ishares Nasdaq Series $1,584,650,000 $1,593,900,000 -$9,250,000 $1,568,320,000 $16,330,000 11.61% BGI Total Assets ishares Russell $35,032,856,000 $30,906,923,500 $4,125,932,500 $26,959,446,000 $8,073,410,000 13.28% BGI Total Assets ishares S&P $40,080,581,500 $37,384,462,100 $2,696,119,400 $31,796,928,000 $8,283,653,500 4.96% BGI Total Assets ishares Fixed Income $14,978,449,220 $13,872,336,000 $1,106,113,220 $8,450,285,000 $6,528,164,220 0.27% BGI Total Assets ishares Morningstar Series $824,974,000 $601,600,000 $223,374,000 $277,071,000 $547,903,000 0.02% BGI Total Assets ishares NYSE Series $61,276,500 $49,816,500 $11,460,000 $32,313,000 $28,963,500 0.45% BGI Total Assets FTSE $1,355,640,000 $1,278,376,000 $77,264,000 $568,318,500 $787,321,500 0.04% BGI Total Assets KLD $116,974,000 $75,327,500 $41,646,500 $0 $116,974,000 0.12% BGI Total Assets COMEX $369,855,200 $238,680,000 $131,175,200 $0 $369,855,200 3.71% Vanguard Total Assets $11,211,102,300 $9,407,396,026 $1,803,706,275 $5,838,754,400 $5,372,347,900 0.51% Rydex Global Advisors $1,540,726,570 $1,237,460,270 $303,266,300 $764,899,070 $775,827,500 1.09% Powershares $3,291,086,180 $2,041,068,550 $1,250,017,630 $415,416,560 $2,875,669,620 0.04% Fidelity $121,268,000 $93,313,000 $27,955,000 $137,328,000 -$16,060,000 0.01% First Trust Advisors $35,327,600 $3,135,650 $32,191,950 $0 $35,327,600 Data source: Bloomberg. Assets are calculated using the "Underlying Trading Value" or "I.O.P.V." and "Shares Outstanding" which reflect the number of shares as of the previous days close. As such, the "Net Assets" are approximations.

Top Ten ETFs by Assets and Volume Top 10 USA ETFs By Assets 12/30/2005 Approximate As Percent Of Rank Fund Name Symbol Net Assets $ Volume 1 S&P 500 SPDR SPY $58,406,480,600 19.35% 2 ishares MSCI EAFE EFA $22,868,316,000 7.58% 3 Nasdaq-100 Index Tracking Stock QQQQ $20,553,543,200 6.81% 4 ishares S&P 500 IVV $14,208,425,500 4.71% 5 ishares MSCI-Japan EWJ $13,084,656,000 4.33% 6 ishares MSCI EM EEM $10,179,637,500 3.37% 7 S&P 400 MidCap SPDR MDY $8,992,958,040 2.98% 8 DJIA DIAMONDS DIA $7,625,071,440 2.53% 9 ishares Russell 2000 IWM $7,619,424,000 2.52% 10 ishares DJ Select Dividend Index Fund DVY $7,251,671,700 2.40% Data source: Bloomberg. Assets are calculated using the "Underlying Trading Value" or "I.O.P.V." and "Shares Outstanding" which reflect the number of shares as of the previous days close. As such, the "Net Assets" are approximations. Top 10 US ETFs By 20-day AVG Volume 12/30/2005 Rank Fund Name Symbol Share Volume $ Volume 1 Nasdaq-100 Index Tracking Stock QQQQ 67,847,024 $2,741,833,934 2 SPDRs SPY 51,454,580 $6,401,978,844 3 ishares Russell 2000 Index Fund IWM 25,368,428 $1,692,581,516 4 ishares MSCI-Japan Index Fund EWJ 20,634,658 $278,980,576 5 Select Sector SPDR-Energy Fund XLE 17,514,332 $881,146,043 6 Select Sector SPDR-Financial Fund XLF 7,209,741 $228,332,497 7 Dow Diamonds DIA 5,773,025 $617,482,754 8 streettracks Gold Trust GLD 3,838,930 $198,357,513 9 ishares MSCI EAFE Index Fund EFA 3,141,810 $186,812,023 10 ishares MSCI-Taiwan Index Fund EWT 3,088,520 $38,544,730 Top 10 Worldwide ETFs By Assets 12/30/2005 Approximate As Percent Of Rank Fund Name Symbol Net Assets $ Volume 1 S&P 500 SPDR SPY $58,406,480,600 14.14% 2 ishares MSCI EAFE EFA $22,868,316,000 5.54% 3 Nasdaq-100 Index Tracking Stock QQQQ $20,553,543,200 4.98% 4 ishares S&P 500 IVV $14,208,425,500 3.44% 5 ishares MSCI-Japan EWJ $13,084,656,000 3.17% 6 ishares MSCI EM EEM $10,179,637,500 2.47% 7 S&P 400 MidCap SPDR MDY $8,992,958,040 2.18% 8 DJIA DIAMONDS DIA $7,625,071,440 1.85% 9 ishares Russell 2000 IWM $7,619,424,000 1.85% 10 NIKKIE 225 ETF 1321 JP $7,569,310,825 1.83% Top 10 Worldwide ETFs By 20-day AVG Volume 12/30/2005 Rank Fund Name Symbol Share Volume $ Volume 1 Shanghai SSE50 Index Fund 510050 CH 193,936,608 $19,513,336 2 Nasdaq-100 Index Tracking Stock QQQQ 67,847,024 $2,741,833,934 3 SPDRs SPY 51,454,580 $6,401,978,844 4 ishares Russell 2000 Index Fund IWM 25,368,428 $1,692,581,516 5 ishares MSCI-Japan Index Fund EWJ 20,634,658 $278,980,576 6 Select Sector SPDR-Energy Fund XLE 17,514,332 $881,146,043 7 Polaris Taiwan Top 50 Tracker Fund 0050 TT 8,102,600 $12,650,670 8 Select Sector SPDR-Financial Fund XLF 7,209,741 $228,332,497 9 Dow Diamonds DIA 5,773,025 $617,482,754 10 TOPIX ETF 1306 JP 4,192,670 $59,148,373

Summary by Region All Regions ETFs Managers # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA 56 $94,421,418,285 22.87% 9 $12,900,411,930 0.27% 12 $10,568,219,608-3.85% BGI 145 $193,029,943,419 46.75% 14 $22,603,469,794-0.50% 20 $64,094,513,721 5.67% BNY 7 $30,324,018,492 7.34% 0 $1,920,220,600-0.53% 0 -$164,118,388-2.37% Vanguard 23 $11,211,102,300 2.71% 0 $1,803,706,275 0.11% 3 $5,372,347,900 0.85% AXA Gestion 15 $2,172,879,029 0.53% -2 $55,745,973-0.06% 0 $1,636,027,541 0.36% BNP Paribas 3 $210,636,413 0.05% -1 -$265,808,581-0.08% 0 $191,806,316 0.05% Benchmark Asset Mgt Co 4 $443,401,883 0.11% 4 $443,401,883 0.11% 4 $443,401,883 0.11% Credit Agricole 3 $2,493,684,956 0.60% 0 -$413,309,927-0.20% 1 $1,151,556,963 0.18% Credit Suisse 5 $3,106,314,634 0.75% 0 -$784,243,282-0.33% -3 -$499,411,853-0.40% Daiwa Asset Mgmt. 5 $5,312,187,371 1.29% -1 $815,566,108 0.04% -1 $22,649,845-0.40% DNB 1 $9,140,309 0.00% 0 -$192,579 0.00% 1 $9,140,309 0.00% DVG 2 $2,288,469,246 0.55% 0 $207,013,698-0.02% 2 $2,288,469,246 0.55% Finans Portfoy Yonetimis AS 1 $39,599,185 0.01% 0 $7,639,274 0.00% 1 $39,599,185 0.01% IndexChange 48 $12,272,654,104 2.97% 1 $1,866,071,710 0.09% 12 $4,087,229,550 0.36% IndexCO 3 $1,278,448,835 0.31% 0 $110,828,557-0.01% 0 -$5,475,066,610-1.84% ITRIX Managers 2 $45,197,945 0.01% 2 $45,197,945 0.01% 2 $45,197,945 0.01% Nikko Asset Mgmt. 2 $10,149,579,793 2.46% 0 $3,265,989,130 0.55% 0 $3,396,064,348 0.31% Nomura Asset Mgmt. 5 $15,975,976,312 3.87% -1 $3,249,660,872 0.34% -2 -$2,275,317,267-1.95% Ofek Leumi 1 $859,605,714 0.21% 0 $73,165,374-0.01% 0 $788,665,216 0.19% OM Group 4 $1,759,359,066 0.43% 0 $537,363,501 0.09% 2 $779,173,860 0.11% Seligson 1 $304,296,804 0.07% 0 $119,563,013 0.02% 0 $135,963,020 0.02% Lyxor 18 $12,187,670,713 2.95% 1 $1,176,923,376-0.10% 7 $3,839,169,508 0.29% TD Securities 4 $331,850,210 0.08% 0 $5,175,319-0.01% 0 $61,898,772-0.01% UBS Asset Mgmt. Ltd. 8 $1,306,800,385 0.32% 0 $251,445,729 0.02% 0 $248,910,643-0.02% KSM Financial Instruments 11 $2,009,157,881 0.49% 0 $125,757,538-0.04% 5 $1,365,492,005 0.28% Samsung Investment Trust 3 $660,555,446 0.16% 0 $105,186,106 0.01% 0 $250,944,393 0.03% Prudential ICICI 1 $377,148 0.00% 0 -$8,869 0.00% 0 -$3,888,447 0.00% NextTrack Plc 3 $220,125,365 0.05% 0 -$53,880,731-0.02% 1 $39,934,006 0.00% Rydex Global Advisors 3 $1,540,726,570 0.37% 1 $303,266,300 0.03% 2 $775,827,500 0.13% Gold Bullion Ltd. 3 $1,141,807,979 0.28% 0 $208,195,713 0.02% 2 $1,034,469,073 0.24% Powershares 37 $3,291,086,180 0.80% 14 $1,250,017,630 0.23% 33 $2,875,669,620 0.66% Fidelity 1 $121,268,000 0.03% 0 $27,955,000 0.00% 0 -$16,060,000-0.01% First Trust Advisors 1 $35,327,600 0.01% 0 $32,191,950 0.01% 1 $35,327,600 0.01% TrackHedge Managers 1 $226,554,405 0.05% 0 $40,892,786 0.00% 0 $68,407,397 0.00% Dexia Asset Mgmt. 1 $58,288,039 0.01% 0 $8,525,653 0.00% 0 $10,947,879 0.00% Hang Seng Investment Management 3 $1,372,268,481 0.33% 0 -$20,790,215-0.05% 2 $1,150,327,495 0.26% NZX Funds Management 2 $50,560,261 0.01% 0 -$755,115 0.00% 1 $38,041,375 0.01% Handelsbanken Fondforvaltning AS 1 $15,696,313 0.00% 0 -$432,559 0.00% 1 $15,696,313 0.00% NCB Stockbrokers Ltd 1 $34,757,836 0.01% 0 $2,095,220 0.00% 1 $34,757,836 0.01% HSBC 1 $275,907,951 0.07% 0 $15,111,083-0.01% 1 $275,907,951 0.07% Oil Securities Ltd. 1 $105,439,000 0.03% 0 -$19,776,200-0.01% 1 $105,439,000 0.03% SGAM 3 $182,570,861 0.04% 3 $182,570,861 0.04% 3 $182,570,861 0.04% Unit Trust of India 1 $63,644,906 0.02% 0 $5,972,044 0.00% 0 $48,348,236 0.01% 444 $412,940,355,624 100.0% 44 $52,207,099,887 115 $99,074,251,355 USA ETF'S Managers # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA 32 $85,130,574,540 28.2% 9 $13,027,924,918 0.85% 9 $9,084,791,900-5.19% BGI 102 $170,551,996,070 56.5% 0 $19,982,898,745-0.61% 5 $56,385,293,920 6.37% BNY 6 $29,962,519,240 9.9% 0 $1,780,703,870-0.76% 0 -$401,656,640-3.41% Vanguard 23 $11,211,102,300 3.7% 0 $1,803,706,275 0.15% 3 $5,372,347,900 1.15% Rydex Global Advisors 3 $1,540,726,570 0.5% 1 $303,266,300 0.04% 2 $775,827,500 0.17% Powershares 37 $3,291,086,180 1.1% 14 $1,250,017,630 0.32% 33 $2,875,669,620 0.91% First Trust Advisors 1 $35,327,600 0.0% 0 $32,191,950 0.01% 1 $35,327,600 0.01% Fidelity 1 $121,268,000 0.0% 0 $27,955,000 0.00% 0 -$16,060,000-0.02% 205 $301,844,600,500 100.0% 24 $38,208,664,687 53 $74,111,541,800 All Non-US Regions ETF'S Managers # of Funds Assets Mkt Share Funds Assets Funds Assets AXA Gestion 15 $2,172,879,029 2.0% -2 $55,745,973-0.22% 0 $1,636,027,541 1.33% BNP Paribas 3 $210,636,413 0.2% 3 $210,636,413 0.2% 3 $210,636,413 0.19% Benchmark Asset Mgt Co 4 $443,401,883 0.4% 0 -$33,043,111-0.09% 1 $424,571,786 0.38% BGI 43 $22,477,947,349 20.2% 14 $2,620,571,049-0.22% 15 $7,717,882,801 3.09% HSBC 1 $275,907,951 0.2% 0 $15,111,083-0.02% 1 $275,907,951 0.25% BNY 1 $361,499,252 0.3% 0 $139,516,730 0.10% 0 $237,526,752 0.18% Credit Agricole 3 $2,493,684,956 2.2% 0 -$413,309,927-0.75% 1 $1,151,556,963 0.69% Credit Suisse 5 $3,106,314,634 2.8% 0 -$784,243,282-1.21% -3 -$499,411,853-1.39% Daiwa Asset Mgmt. 5 $5,312,187,371 4.8% -1 $815,566,108 0.15% -1 $22,649,845-1.36% DNB 1 $9,140,309 0.0% 0 -$192,579 0.00% 1 $9,140,309 0.01% DVG 2 $2,288,469,246 2.1% 0 $207,013,698-0.08% 2 $2,288,469,246 2.06% Finans Portfoy Yonetimis AS 1 $39,599,185 0.0% 0 $7,639,274 0.00% 1 $39,599,185 0.04% IndexChange 48 $12,272,654,104 11.0% 1 $1,866,071,710 0.33% 12 $4,087,229,550 1.54% IndexCO 3 $1,278,448,835 1.2% 0 $110,828,557-0.05% 0 -$5,475,066,610-6.69% Nikko Asset Mgmt. 2 $10,149,579,793 9.1% 0 $3,265,989,130 2.05% 0 $3,396,064,348 1.29% Nomura Asset Mgmt. 5 $15,975,976,312 14.4% -1 $3,249,660,872 1.27% -2 -$2,275,317,267-6.81% Ofek Leumi 1 $859,605,714 0.8% 0 $73,165,374-0.04% 0 $788,665,216 0.69% OM Group 4 $1,759,359,066 1.6% 0 $537,363,501 0.33% 2 $779,173,860 0.45% Seligson 1 $304,296,804 0.3% 0 $119,563,013 0.08% 0 $135,963,020 0.08% Lyxor 18 $12,187,670,713 11.0% 1 $1,176,923,376-0.37% 7 $3,839,169,508 1.28% SSgA 24 $9,290,843,746 8.4% 0 -$127,512,988-1.34% 3 $1,483,760,208-0.70%

Summary by Region TD Securities 4 $331,850,210 0.3% 0 $5,175,319-0.04% 0 $61,898,772-0.01% UBS Asset Management Limited 8 $1,306,800,385 1.2% 0 $251,445,729 0.09% 0 $248,910,643-0.05% KSM Financial Instruments 11 $2,009,157,881 1.8% 0 $125,757,538-0.13% 5 $1,365,492,005 1.06% Samsung Investment Trust 3 $660,555,446 0.6% 0 $105,186,106 0.02% 0 $250,944,393 0.12% Prudential ICICI 1 $377,148 0.0% 0 -$8,869 0.00% 0 -$3,888,447 0.00% NextTrack Plc 3 $220,125,365 0.2% 0 -$53,880,731-0.08% 1 $39,934,006-0.01% Gold Bullion Ltd. 3 $1,141,807,979 1.0% 0 $208,195,713 0.07% 2 $1,034,469,073 0.90% Dexia Asset Mgmt. 1 $58,288,039 0.1% 0 $8,525,653 0.00% 0 $10,947,879 0.00% TrackHedge Managers 1 $226,554,405 0.2% 0 $40,892,786 0.01% 0 $68,407,397 0.02% ITRIX Managers 2 $45,197,945 0.0% 2 $45,197,945 0.0% 2 $45,197,945 0.04% Hang Seng Investment Management 3 $1,372,268,481 1.2% 0 -$20,790,215-0.20% 2 $1,150,327,495 0.98% NZX Funds Management 2 $50,560,261 0.05% 0 -$755,115-0.01% 1 $38,041,375 0.03% NCB Stockbrokers Ltd 1 $34,757,836 0.03% 0 $2,095,220 0.00% 1 $34,757,836 0.03% Unit Trust of India 1 $63,644,906 0.1% 0 $5,972,044 0.00% 0 $48,348,236 0.04% SGAM 3 $182,570,861 0.2% 3 $182,570,861 0.2% 3 $182,570,861 0.16% Handelsbanken Fondforvaltning AS 1 $15,696,313 0.0% 0 -$432,559 0.00% 1 $15,696,313 0.01% Oil Securities Ltd. 1 $105,439,000 0.1% 0 -$19,776,200-0.03% 1 $105,439,000 0.09% 239 $111,095,755,124 100.0% 20 $13,998,435,200 62 $24,971,693,555 Europe # of Funds Assets Mkt Share Funds Assets Funds Assets AXA Gestion 15 $2,172,879,029 4.0% -2 $55,745,973-0.39% 0 $1,636,027,541 2.43% BNP Paribas 3 $210,636,413 0.4% 3 $210,636,413 0.4% 3 $210,636,413 0.39% BGI 28 $12,253,785,704 22.7% 14 $2,234,185,218 1.79% 16 $4,669,406,854 0.20% Gold Bullion Ltd. 1 $933,360,640 1.7% 0 $164,442,011 0.12% 1 $933,360,640 1.73% BNY 1 $361,499,252 0.7% 0 $139,516,730 0.21% 0 $237,526,752 0.30% Credit Agricole 3 $2,493,684,956 4.6% 0 -$413,309,927-1.44% 1 $1,151,556,963 0.64% Credit Suisse 5 $3,106,314,634 5.7% 0 -$784,243,282-2.36% -3 -$499,411,853-4.93% DNB Nor 1 $9,140,309 0.0% 0 -$192,579 0.00% 1 $9,140,309 0.02% Deutsche Bank 2 $2,288,469,246 4.2% 0 $207,013,698-0.10% 2 $2,288,469,246 4.23% IndexChange 48 $12,272,654,104 22.7% 1 $1,866,071,710 1.02% 12 $4,087,229,550-1.55% OM Group 4 $1,759,359,066 3.3% 0 $537,363,501 0.71% 2 $779,173,860 0.35% Seligson 1 $304,296,804 0.6% 0 $119,563,013 0.18% 0 $135,963,020 0.06% Lyxor 18 $12,187,670,713 22.5% 1 $1,176,923,376-0.39% 7 $3,839,169,508-2.19% SSgA 15 $1,789,012,366 3.3% 0 $172,802,486-0.06% 1 $187,880,215-1.43% SGAM 3 $182,570,861 0.3% 3 $182,570,861 0.3% 3 $182,570,861 0.34% UBS Asset Mgmt. Ltd. 8 $1,306,800,385 2.4% 0 $251,445,729 0.22% 0 $248,910,643-0.72% NextTrack Plc 3 $220,125,365 0.4% 0 -$53,880,731-0.16% 1 $39,934,006-0.13% Handelsbanken Fondforvaltning AS 1 $15,696,313 0.0% 0 -$432,559 0.00% 1 $15,696,313 0.03% NCB Stockbrokers Ltd 1 $34,757,836 0.1% 0 $2,095,220 0.00% 1 $34,757,836 0.06% Dexia Asset Mgmt. 1 $58,288,039 0.1% 0 $8,525,653 0.00% 0 $10,947,879-0.03% Oil Securities Ltd. 1 $105,439,000 0.2% 0 -$19,776,200-0.07% 1 $105,439,000 0.20% 163 $54,066,441,033 100.0% 20 $6,057,066,312 50 $20,304,385,556 Asia # of Funds Assets Mkt Share Funds Assets Funds Assets BGI 3 $509,303,874 1.2% 0 $93,012,818 0.01% -1 $318,357,341 0.71% Daiwa Asset Mgmt. 5 $5,312,187,371 12.8% -1 $815,566,108-0.33% -1 $22,649,845-1.53% Hang Seng Investment Management 3 $1,372,268,481 3.3% 0 -$20,790,215-0.76% 2 $1,150,327,495 2.71% Nikko Asset Mgmt. 2 $10,149,579,793 24.5% 0 $3,265,989,130 4.38% 0 $3,396,064,348 6.18% Nomura Asset Mgmt. 5 $15,975,976,312 38.6% -1 $3,249,660,872 1.35% -2 -$2,275,317,267-10.97% SSgA 6 $7,112,993,495 17.2% 0 -$302,206,555-4.52% 2 $1,425,678,692 1.74% HSBC 1 $275,907,951 0.7% 0 $15,111,083-0.10% 1 $275,907,951 0.67% Samsung Investment Trust 3 $660,555,446 1.6% 0 $105,186,106-0.03% 0 $250,944,393 0.48% 28 $41,368,772,722 100.0% -2 $7,221,529,348 1 $4,564,612,798 Japan # of Funds Assets Mkt Share Funds Assets Funds Assets BGI 1 $29,545,831 0.1% 0 $3,684,682-0.01% -1 -$22,035,222-0.08% Daiwa Asset Mgmt. 5 $5,312,187,371 16.9% -1 $815,566,108-1.75% -1 $22,649,845-0.55% Nikko Asset Mgmt. 2 $10,149,579,793 32.3% 0 $3,265,989,130 3.73% 0 $3,396,064,348 10.00% Nomura Asset Mgmt. 5 $15,975,976,312 50.8% -1 $3,249,660,872-1.97% -2 -$2,275,317,267-9.37% 13 $31,467,289,307 100.0% -2 $7,334,900,792-4 $1,121,361,703 Hong Kong # of Funds Assets Mkt Share Funds Assets Funds Assets Hang Seng Investment Management 3 $1,372,268,481 20.4% 0 -$20,790,215 0.23% 2 $1,150,327,495 15.25% BGI 2 $479,758,043 7.1% 0 $89,328,137 1.48% 0 $340,392,564 3.89% HSBC 1 $275,907,951 4.1% 0 $15,111,083 0.33% 1 $275,907,951 4.11% SSgA 2 $4,588,685,541 68.3% 0 -$263,985,016-2.04% 1 $663,568,434-23.25% 8 $6,716,620,016 100.0% 0 -$180,336,011 4 $2,430,196,443 Singapore # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA 1 $332,562,615 100.0% 0 $11,800,203 0 $46,193,718 Korea # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA -LG Investment Trust 1 $134,218,069 16.9% 0 $12,648,135-1.07% 0 $27,513,403-3.78% Samsung Investment Trust 3 $660,555,446 83.1% 0 $105,186,106 1.07% 0 $250,944,393 3.78%

Summary by Region 4 $794,773,515 100.0% 0 $117,834,240 0 $278,457,797 Taiwan # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA-Polaris 1 $1,361,462,300 100.0% 0 $141,184,639 0 -$7,661,834 China # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA-CAM 1 $696,064,970 100.0% 0 -$203,854,516 1 $696,064,970 India # of Funds Assets Mkt Share Funds Assets Funds Assets Benchmark Asset Mgt Co 4 $443,401,883 87.4% 0 -$33,043,111-1.75% 1 $424,571,786 38.34% Prudential ICICI 1 $377,148 0.1% 0 -$8,869 0.00% 0 -$3,888,447-11.04% Unit Trust of India 1 $63,644,906 12.5% 0 $5,972,044 1.75% 0 $48,348,236-27.30% 6 $507,423,937 100.0% 0 -$27,079,936 1 $469,031,575 South Africa # of Funds Assets Mkt Share Funds Assets Funds Assets IndexCO 3 $1,278,448,835 79.0% 0 $110,828,557-4.61% 0 $243,346,856-7.75% Gold Bullion Ltd. 1 $68,257,680 4.2% 0 $24,961,957 1.12% 1 $68,257,680 4.22% ITRIX Managers 2 $45,197,945 2.8% 2 $45,197,945 2.8% 2 $45,197,945 2.79% TrackHedge Managers 1 $226,554,405 14.0% 0 $40,892,786 0.70% 0 $68,407,397 0.74% 7 $1,618,458,866 100.0% 2 $221,881,245 3 $425,209,879 Israel # of Funds Assets Mkt Share Funds Assets Funds Assets Ofek Leumi 1 $859,605,714 30.0% 0 $73,165,374 0.51% 0 $788,665,216 20.04% KSM Financial Instruments 11 $2,009,157,881 70.0% 0 $125,757,538-0.51% 5 $1,365,492,005-20.04% 12 $2,868,763,595 100.0% 0 $198,922,912 5 $2,154,157,221 Turkey # of Funds Assets Mkt Share Funds Assets Funds Assets Finans Portfoy Yonetimis AS 1 $39,599,185 100.0% 0 $7,639,274 1 $39,599,185 Australia # of Funds Assets Mkt Share Funds Assets Funds Assets SSgA 3 $388,837,885 73.5% 0 $1,891,082-2.62% 0 -$129,798,699-9.35% Gold Bullion Ltd. 1 $140,189,659 26.5% 0 $18,791,745 2.62% 0 $32,850,754 9.35% 4 $529,027,544 100.0% 0 $20,682,827 0 -$96,947,945 New Zealand # of Funds Assets Mkt Share Funds Assets Funds Assets NZX Funds Management 2 $50,560,261 100.0% 0 -$755,115 1 $38,041,375 Canada # of Funds Assets Mkt Share Funds Assets Funds Assets BGI 12 $9,714,857,772 96.7% 0 $293,373,012 0.05% 0 $2,730,118,606 0.42% TD Securities 4 $331,850,210 3.3% 0 $5,175,319-0.05% 0 $61,898,772-0.42% 16 $10,046,707,981 100.0% 0 $298,548,331 0 $2,792,017,378

US ETF Assets 205 ETFs 12/30/2005 Investment Manager Fund Name Ticker Price SO (000's) Net Assets 5day Average Share-Volume SSgA USA DJIA DIAMONDS DIA 106.96 71,289 $7,625,071,440 4,409,220 SSgA USA streettracks Total Market TMW 90.16 1,150 $103,681,700 1,640 SSgA USA S&P 500 SPDR SPY 124.42 469,430 $58,406,480,600 33,706,520 SSgA USA Select Sector SPDR-Materials XLB 30.28 31,459 $952,578,520 1,549,800 SSgA USA Select Sector SPDR-Energy XLE 50.31 55,106 $2,772,382,860 15,985,158 SSgA USA Select Sector SPDR-Financial XLF 31.67 59,061 $1,870,461,870 4,565,720 SSgA USA Select Sector SPDR-Industrial XLI 31.43 28,204 $886,451,720 468,860 SSgA USA Select Sector SPDR-Technology XLK 20.91 73,653 $1,540,084,230 1,164,860 SSgA USA Select Sector SPDR-Consumer Staples XLP 23.32 33,703 $785,953,960 800,200 SSgA USA Select Sector SPDR-Utilities XLU 31.44 55,728 $1,752,088,320 2,331,600 SSgA USA Select Sector SPDR-Health Care XLV 31.72 56,353 $1,787,517,160 517,120 SSgA USA Select Sector SPDR-Consumer Discretionary XLY 32.63 12,401 $404,644,630 732,760 SSgA USA streettracks KBW Bank ETF KBE 51.96 950 $49,362,000 62,140 SSgA USA streettracks KBW Insurance ETF KIE 53.06 1,200 $63,672,000 33,380 SSgA USA streettracks KBW Capital Markets ETF KCE 54.65 1,100 $60,115,000 21,000 SSgA USA SPDR Dividend ETF SDY 54.15 600 $32,490,000 41,260 SSgA USA streettracks Dow Jones Global Titans DGT 65.01 1,400 $91,014,000 1,300 SSgA USA streettracks DJ Wilshire Large Cap ETF ELR 57.93 250 $14,482,500 1,340 SSgA USA streettracks DJ Wilshire Large Cap Growth ELG 49.42 2,900 $143,318,000 9,600 SSgA USA streettracks DJ Wilshire Large Cap Value ETF ELV 70.13 1,400 $98,182,000 3,220 SSgA USA streettracks DJ Wilshire Mid Cap ETF EMM 51.50 500 $25,750,000 4,700 SSgA USA streettracks DJ Wilshire Mid Cap Growth ETF EMG 56.31 450 $25,339,500 - SSgA USA streettracks DJ Wilshire Mid Cap Value ETF EMV 52.37 500 $26,185,000 60 SSgA USA streettracks DJ Wilshire Small Cap ETF DSC 54.03 450 $24,313,545 3,680 SSgA USA streettracks DJ Wilshire Small Cap Growth DSG 82.07 850 $69,759,500 1,660 SSgA USA streettracks DJ Wilshire Small Cap Value ETF DSV 60.50 1,601 $96,860,500 7,640 SSgA USA streettracks Morgan Stanley Technology MTK 51.90 3,100 $160,890,000 13,640 SSgA USA streettracks Wilshire REIT RWR 67.50 11,955 $806,962,500 57,160 SSgA USA streettracks SPDR O-Strip Index Fund OOO 52.46 750 $39,345,000 34,120 SSgA USA Fresco DJ STOXX 50 FEU 39.47 800 $31,576,789 14,480 SSgA USA Fresco DJ Euro STOXX 50 FEZ 42.38 2,850 $120,784,695 198,740 SSgA USA streettracks Gold Trust GLD 51.67 82,500 $4,262,775,000 3,718,040 BNY Nasdaq-100 Index Tracking Stock QQQQ 40.41 508,600 $20,553,543,200 50,090,028 BNY S&P 400 MidCap SPDR MDY 134.73 66,748 $8,992,958,040 1,987,800 BGI USA ishares Cohen & Steers Realty Majors ICF 74.70 22,300 $1,665,810,000 282,440 BGI USA ishares DJ US Basic Materials IYM 51.54 7,400 $381,396,000 92,140 BGI USA ishares DJ US Consumer Cyclical IYC 59.61 4,250 $253,342,500 19,580 BGI USA ishares DJ US Energy IYE 85.58 9,500 $813,010,000 161,960 BGI USA ishares DJ US Financial Sector IYF 101.09 3,850 $389,196,500 21,680 BGI USA ishares DJ US Financial Services IYG 114.45 1,550 $177,397,500 17,220 BGI USA ishares DJ US Healthcare IYH 63.04 20,400 $1,286,016,000 88,640 BGI USA ishares DJ US Industrial IYJ 58.24 4,050 $235,872,000 25,920 BGI USA ishares DJ US Non-Consumer Cyclical IYK 53.28 9,100 $484,848,000 49,820 BGI USA ishares DJ US Real Estate IYR 64.20 15,350 $985,470,000 1,720,940 BGI USA ishares DJ US Technology IYW 49.72 10,300 $512,116,000 69,680 BGI USA ishares DJ US Telecommunications IYZ 22.86 21,750 $497,205,000 131,340 BGI USA ishares DJ US Total Market IYY 60.51 7,800 $471,978,000 75,640 BGI USA ishares DJ US Utilities IDU 76.46 9,200 $703,432,000 46,260 BGI USA ishares DJ US Transportation Index Fund IYT 75.42 2,950 $222,489,000 201,760 BGI USA ishares DJ Select Dividend Index Fund DVY 61.30 118,300 $7,251,671,700 310,340 BGI USA ishares Goldman Sachs Natural Resources IGE 88.33 12,400 $1,095,292,000 62,940 BGI USA ishares Goldman Sachs Networking Index IGN 31.00 7,350 $227,850,000 68,920 BGI USA ishares Goldman Sachs Semiconductor Index IGW 60.94 6,800 $414,392,000 142,860 BGI USA ishares Goldman Sachs Software Index IGV 40.26 6,150 $247,599,000 157,020 BGI USA ishares Goldman Sachs Technology Index IGM 47.35 5,900 $279,365,000 33,700 BGI USA ishares Morningstar Large Core Index Fund JKD 66.68 1,350 $90,018,000 3,400 BGI USA ishares Morningstar Large Growth Index Fund JKE 61.16 2,450 $149,842,000 20,080 BGI USA ishares Morningstar Large Value Index Fund JKF 68.62 1,800 $123,516,000 15,620 BGI USA ishares Morningstar Mid Core Index Fund JKG 72.97 1,400 $102,158,000 2,380 BGI USA ishares Morningstar Mid Growth Index Fund JKH 77.33 1,700 $131,461,000 9,000 BGI USA ishares Morningstar Mid Value Index Fund JKI 73.91 1,050 $77,605,500 2,440 BGI USA ishares Morningstar Small Core Index Fund JKJ 71.90 700 $50,330,000 3,500 BGI USA ishares Morningstar Small Growth Index Fund JKK 67.33 700 $47,131,000 6,160

US ETF Assets 205 ETFs 12/30/2005 Investment Manager Fund Name Ticker Price SO (000's) Net Assets 5day Average Share-Volume BGI USA ishares Morningstar Small Value Index Fund JKL 70.55 750 $52,912,500 5,860 BGI USA ishares NYSE 100 Index Fund NY 65.23 450 $29,353,500 2,860 BGI USA ishares NYSE Composite Index Fund NYC 70.94 450 $31,923,000 22,600 BGI USA ishares MSCI EAFE EFA 59.46 384,600 $22,868,316,000 3,543,480 BGI USA ishares MSCI EAFE Growth EFG 56.60 800 $45,280,000 25,360 BGI USA ishares MSCI EAFE Value EFV 56.32 1,600 $90,112,000 27,520 BGI USA ishares MSCI EM EEM 88.25 115,350 $10,179,637,500 1,284,700 BGI USA ishares MSCI-Australia EWA 18.81 24,600 $462,726,000 260,680 BGI USA ishares MSCI-Austria EWO 27.59 8,100 $223,479,000 104,120 BGI USA ishares MSCI-Belgium EWK 19.21 3,400 $65,314,000 30,720 BGI USA ishares MSCI-Brazil EWZ 33.24 36,900 $1,226,556,000 730,760 BGI USA ishares MSCI-Canada EWC 21.90 19,400 $424,860,000 268,780 BGI USA ishares MSCI-EMU EZU 77.65 9,300 $722,145,000 44,360 BGI USA ishares MSCI-France EWQ 25.98 3,400 $88,332,000 83,020 BGI USA ishares MSCI-Germany EWG 20.31 23,700 $481,347,000 276,400 BGI USA ishares MSCI-Hong Kong EWH 12.63 50,550 $638,446,500 374,280 BGI USA ishares MSCI-Italy EWI 25.58 3,150 $80,570,700 233,260 BGI USA ishares MSCI-Japan EWJ 13.52 967,800 $13,084,656,000 14,546,141 BGI USA ishares MSCI-Malaysia EWM 6.82 47,850 $326,337,000 624,640 BGI USA ishares MSCI-Mexico EWW 35.71 13,400 $478,514,000 522,400 BGI USA ishares MSCI-Netherland EWN 20.32 3,350 $68,072,000 28,120 BGI USA ishares MSCI-Pacific ex-japan EPP 98.67 17,000 $1,677,390,000 71,860 BGI USA ishares MSCI-Singapore EWS 7.90 49,800 $393,420,000 361,700 BGI USA ishares MSCI-South Korea EWY 44.70 30,900 $1,381,230,000 569,840 BGI USA ishares MSCI-South Africa EZA 98.23 2,350 $230,840,500 53,340 BGI USA ishares MSCI-Spain EWP 36.17 2,175 $78,669,750 13,420 BGI USA ishares MSCI-Sweden EWD 22.70 2,925 $66,397,500 25,520 BGI USA ishares MSCI-Switzerland EWL 19.31 6,500 $125,515,000 153,180 BGI USA ishares MSCI-Taiwan EWT 12.48 122,300 $1,526,304,000 1,989,460 BGI USA ishares MSCI-U.K. EWU 18.58 27,800 $516,524,000 146,700 BGI USA ishares Nasdaq Biotech IBB 77.30 20,500 $1,584,650,000 685,000 BGI USA ishares Russell 1000 IWB 67.74 35,600 $2,411,544,000 128,640 BGI USA ishares Russell 1000 Growth IWF 51.06 106,150 $5,420,019,000 957,040 BGI USA ishares Russell 1000 Value IWD 69.12 89,350 $6,175,872,000 2,011,340 BGI USA ishares Russell 2000 IWM 66.72 114,200 $7,619,424,000 20,690,700 BGI USA ishares Russell 2000 Growth IWO 69.62 38,500 $2,680,370,000 1,165,440 BGI USA ishares Russell 2000 Value IWN 65.92 45,600 $3,005,952,000 1,067,220 BGI USA ishares Russell 3000 IWV 71.98 27,150 $1,954,257,000 97,760 BGI USA ishares Russell 3000 Growth IWZ 41.47 5,150 $213,570,500 30,340 BGI USA ishares Russell 3000 Value IWW 90.28 4,800 $433,344,000 27,740 BGI USA ishares Russell MidCap Growth IWP 94.04 13,950 $1,311,858,000 94,260 BGI USA ishares Russell Midcap Index IWR 88.05 19,250 $1,694,962,500 111,160 BGI USA ishares Russell Microcap Index IWC 51.15 2,000 $102,300,000 41,100 BGI USA ishares Russell MidCap Value IWS 124.42 16,150 $2,009,383,000 99,000 BGI USA ishares S&P 100 Index Fund OEF 56.87 12,050 685,283,500 483,260 BGI USA ishares S&P 500 IVV 124.69 113,950 $14,208,425,500 1,051,340 BGI USA ishares S&P 1500 ISI 110.98 1,200 $133,176,000 41,060 BGI USA ishares S&P 500/BARRA Growth IVW 59.32 54,650 $3,241,838,000 200,720 BGI USA ishares S&P 500/BARRA Value IVE 65.11 46,300 $3,014,593,000 223,100 BGI USA ishares S&P Europe 350 Index IEV 80.86 15,850 $1,281,631,000 88,560 BGI USA ishares S&P Latin America 40 ILF 122.78 10,000 $1,227,800,000 111,360 BGI USA ishares S&P Global 100 Index Fund IOO 62.95 5,950 $374,552,500 21,860 BGI USA ishares S&P MidCap 400 IJH 73.79 45,950 $3,390,650,500 211,200 BGI USA ishares S&P MidCap 400/BARRA Growth IJK 75.63 23,250 $1,758,397,500 182,360 BGI USA ishares S&P MidCap 400/BARRA Value IJJ 70.49 35,600 $2,509,444,000 108,860 BGI USA ishares S&P SmallCap 600 IJR 57.77 66,700 $3,853,259,000 1,853,100 BGI USA ishares S&P SmallCap 600/BARRA Growth IJT 116.07 11,000 $1,276,770,000 46,640 BGI USA ishares S&P SmallCap 600/BARRA Value IJS 63.88 25,100 $1,603,388,000 319,060 BGI USA ishares S&P Global Energy Index Fund IXC 93.62 6,450 $603,849,000 114,380 BGI USA ishares S&P Global Financials Index Fund IXG 73.53 1,500 $110,295,000 18,600 BGI USA ishares S&P Global Healthcare Index Fund IXJ 52.20 8,750 $456,750,000 54,100 BGI USA ishares S&P Global Technology Index Fund IXN 53.33 1,600 $85,328,000 35,940 BGI USA ishares S&P Global Telecomm. Index Fund IXP 48.50 1,150 $55,775,000 16,180

US ETF Assets 205 ETFs 12/30/2005 Investment Manager Fund Name Ticker Price SO (000's) Net Assets 5day Average Share-Volume BGI USA ishares S&P/TOPIX 150 ITF 116.32 1,800 $209,376,000 24,940 BGI USA ishares Lehman 1-3 Year Treasury Bond Fund SHY 80.23 54,400 $4,364,512,000 571,300 BGI USA ishares Lehman 7-10 Year Treasury Bond Fund IEF 83.91 13,900 $1,166,349,000 220,780 BGI USA ishares Lehman +20 Year Treasury Bond Fund TLT 91.85 8,800 $808,280,000 1,108,860 BGI USA ishares GS $ Investop Corporate Bond Fund LQD 107.62 22,500 $2,421,450,000 117,200 BGI USA ishares Lehman Aggregate Bond Fund AGG 100.59 28,900 $2,907,051,000 421,960 BGI USA ishares Lehman TIPS Bond Fund TIP 102.82 32,200 $3,310,807,220 194,660 BGI USA ishares FTSE/Xinhua China 25 Index FXI 61.62 22,000 $1,355,640,000 148,380 BGI USA ishares KLD Select Social Index KLD 53.17 2,200 $116,974,000 4,160 BGI USA ishares COMEX Gold Trust IAU 51.73 7,150 $369,855,200 99,400 VAN Vang Total Stock Market VIPER VTI 123.10 44,914 $5,528,913,400 126,560 VAN Vang Extended Market VIPER VXF 90.24 4,359 $393,356,160 49,900 VAN Vang Value Index Fund VTV 57.19 10502 $600,609,380 21,440 VAN Vang Growth Index Fund VUG 53.50 6057 $324,049,500 45,460 VAN Vang Large-Cap Index Fund VV 55.49 3206 $177,900,940 22,460 VAN Vang Mid-Cap Index Fund VO 64.61 16264 $1,050,817,040 42,220 VAN Vang Small-Cap Index Fund VB 59.52 4448 $264,744,960 37,920 VAN Vang Small-Cap Value Index Fund VBR 60.69 2887 $175,212,030 39,020 VAN Vang Small-Cap Growth Index Fund VBK 58.40 3520 $205,568,000 23,100 VAN Vang Consumer Discretionary Index Fund VCR 52.59 700 $36,813,000 2,780 VAN Vang Consumer Staples Index Fund VDC 55.93 1600 $89,488,160 14,500 VAN Vang Financials Index Fund VFH 56.01 1100 $61,611,000 15,000 VAN Vang Health Care Index Fund VHT 54.00 4400 $237,600,000 46,780 VAN Vang Information Technology Index Fund VGT 48.38 2200 $106,436,000 56,540 VAN Vang Materials Index Fund VAW 60.11 900 $54,099,000 4,540 VAN Vang Utilities Index Fund VPU 65.13 1611 $104,924,430 15,280 VAN Vang Energy Fund VDE 72.19 2902 $209,495,380 55,820 VAN Vang Indsutrial Fund VIS 57.46 500 $28,730,000 24,140 VAN Vang REIT Fund VNQ 59.49 6874 $408,934,260 61,720 VAN Vang Telecom Serv Fund VOX 54.46 400 $21,784,000 3,020 VAN Vang Emerging Markets VWO 61.05 9125 $557,081,250 98,500 VAN Vang Pacific VPL 60.89 4989 $303,780,210 80,700 VAN Vang European VGK 52.60 5117 $269,154,200 38,840 BNY BLDRs Emerging Markets 50 ADR Fund ADRE 115.33 2,450 $282,558,500 21,518 BNY BLDRs Developed Markets 100 ADR Fund ADRD 72.02 600 $43,212,000 2,162 BNY BLDRs Europe 100 ADR Fund ADRU 71.85 400 $28,740,000 737 BNY BLDRs Asia 50 ADR Fund ADRA 82.01 750 $61,507,500 10,378 Rydex Rydex S&P Equal Weighted ETF RSP 166.07 7,901 $1,312,119,070 90,860 Rydex RYDEX RUSSELL TOP 50 ETF XLG 93.15 1,500 $139,725,000 12,080 Rydex Rydex Euro Currency FXE 118.51 750 $88,882,500 85,160 Powershares Dynamic OTC Portfolio PWO 49.20 3,801 $187,009,200 43,180 Powershares Dynamic Market Portfolio PWC 45.33 15,252 $691,373,160 70,180 Powershares High Yield Equity Dividend Achievers PEY 14.93 32,900 $491,197,000 92,260 Powershares Golden Dragon Halter USX China PGJ 13.87 5,700 $79,059,000 33,260 Powershares Wilderhill Clean Energy PBW 16.19 11,600 $187,804,000 90,220 Powershares Dynamic Large Cap Growth PWB 15.86 6,100 $96,746,000 62,680 Powershares Dynamic Large Cap Value PWV 16.12 3,100 $49,972,000 38,780 Powershares Dynamic Mid Cap Growth PWJ 17.50 3,900 $68,250,000 65,180 Powershares Dynamic Mid Cap Value PWP 16.45 2,500 $41,125,000 38,820 Powershares Dynamic Small Cap Growth PWT 16.77 3,500 $58,695,000 33,900 Powershares Dynamic Small Cap Value PWY 15.51 2,600 $40,326,000 16,120 Powershares Dynamic Biotechnology and Genome PBE 17.30 9,500 $164,350,000 88,300 Powershares Dynamic Food and Beverage PBJ 14.37 1,600 $22,992,000 5,380 Powershares Dynamic Leisure PEJ 15.21 1,700 $25,857,000 6,340 Powershares Dynamic Media PBS 14.33 1,700 $24,361,000 8,800 Powershares Dynamic Networking PXQ 15.63 1,600 $25,008,000 16,680 Powershares Dynamic Pharmaceuticals PJP 16.49 2,100 $34,629,000 44,380 Powershares Dynamic Semiconductors PSI 16.43 4,000 $65,720,000 21,320 Powershares Dynamic Software PSJ 17.41 2,000 $34,820,000 24,160 Powershares Powershares Dividend Achievers Portfolio PFM 15.04 1,800 $27,072,000 7,080 Powershares Powershares High Growth Rate Dividend PHJ 15.25 2,100 $32,025,000 6,500 Powershares Powershares International Dividend Achievers PID 15.38 7,100 $109,198,000 36,420 Powershares Powershares Aerospace and Defense Fund PPA 15.52 3,900 $60,528,000 4,620

US ETF Assets 205 ETFs 12/30/2005 Investment Manager Fund Name Ticker Price SO (000's) Net Assets 5day Average Share-Volume Powershares Powershares Dynamic Building and Construction Portfolio PKB 16.23 3,100 $50,313,000 6,280 Powershares Powershares Dynamic Energy and Exploration PXE 16.76 3,000 $50,280,000 119,160 Powershares Powershares Dynamic Hardware and Consumer Electronics Portfolio PHW 15.40 1,600 $24,640,000 1,320 Powershares Powershares Insurance Portfolio PIC 16.35 2,500 $40,875,000 1,500 Powershares Powershares Dynamic Oil and gas Services PXJ 18.10 2,700 $48,870,000 98,860 Powershares Powershares Dynamic Retail Portfolio PMR 16.13 1,300 $20,969,000 13,620 Powershares Powershares Dynamic Telecommunications and Wireless Portfolio PTE 14.78 1,800 $26,603,820 4,460 Powershares Powershares Dynamic Utilities Portfolio PUI 15.61 2,300 $35,903,000 4,620 Powershares Powershares Global Water Portfolio PHO 15.23 9,100 $138,593,000 236,760 Powershares Powershares Lux Nanotech Portfolio PXN 16.40 2,200 $36,080,000 36,920 Powershares Powershares Zacks Neglected Opportunities Small Cap Portfolio 301754Z na na na na Powershares Zacks Micro Cap PZI 15.15 6,800 $103,020,000 66,360 Powershares Powershares FTSE RAFI US 1000 PRF 49.30 1,000 $49,300,000 93,820 Powershares Powereshares value Line Timeliness Select PIV 15.33 3,100 $47,523,000 109,360 Fidelity Nasdaq Comp. Index Tracking Stock ONEQ 86.62 1,400 $121,268,000 20,551 First Trust Advisors First Trust Dow Jones Select Microcap Index Fund FDM 20.72 1,705 $35,327,600 2,200

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