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The MSCI US Equity Indices reflect a full

breadth of investment opportunities within

the US equity markets by market

capitalization size, by value and growthinvestment styles and by sectors and

industries.

Consistent industry classification of US and international equitysecurities using the Global Industry Classification Standard(GICS)

Consistent value and growth methodology Consistent treatment of corporate events Coordinated index rebalancings to minimize overall portfolio turnover Consistent free float-adjustment methodologyMSCI US Market Capitalization Size Indices. To construct the seriesof MSCI US Equity Indices, MSCI adopted a broad index structure inwhich the US stock universe is categorized into different size segmentsthat are defined by a fixed number of companies.

The MSCI US Investable Market 2500 Index, for example, representsapproximately 98% of the full capitalization of the US equity market and

is the aggregation of the Large Cap 300, the Mid Cap 450 and the SmallCap 1750 Indices. The MSCI US Micro Cap Index represents the microcap companies in the US equity market, and targets for inclusion thebottom 1.5% of the U.S. equity market capitalization. The MSCI USPrime Market 750 Index represents the aggregation of the Large Cap300 and the Mid Cap 450 Indices. The MSCI US Broad Market Indexrepresents approximately 99.5% of the full capitalization of the USequity market and is the aggregation of the MSCI US Investable Market2500 and the MSCI US Micro Cap Indices.

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MSCI US Domestic Value and Growth Indices. All of the MSCI USEquity Indices, with the exception of the Broad Market, Micro Cap and

Small + Micro Cap Indices, also have value and growth style sub-indices. The objective of the value and growth indices is to divide theconstituents of each underlying market capitalization index, into a valueindex and a growth index, each targeting 50% of the free float-adjustedmarket capitalization of the underlying index.

The US Value and Growth Indices use eight different variables (definedin theMSCI US Equity Methodologybook) to maintain style integrity.

The Value attribute for index construction is defined using threevariables:

Book value to price ratio 12-months forward earnings to price ratio Dividend yieldThe Growth attribute for index construction is defined using fivevariables:

Long-term forward earnings per share (EPS) growth rate Short-term forward EPS growth rate Current Internal Growth Rate Long-term historical EPS growth trend Long-term historical sales per share growth trendMSCI US Domestic Sector and Industry Indices. Sector indices arecalculated based on the Global Industry Classification Standard(GICS).

http://www.msci.com/eqb/methodology/meth_docs/MSCI_Jan12_USMethod.pdfhttp://www.msci.com/eqb/methodology/meth_docs/MSCI_Jan12_USMethod.pdfhttp://www.msci.com/eqb/methodology/meth_docs/MSCI_Jan12_USMethod.pdfhttp://www.msci.com/eqb/methodology/meth_docs/MSCI_Jan12_USMethod.pdf