Correlation

The strength and direction of a linear relationship between two random variables.

Standard Deviation

A measure of the dispersion of a set of data from its mean. The more spread apart the data is, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment’s volatility (risk). A more volatile security would have a higher standard deviation, and a less volatile security would have a lower standard deviation.

Barclays U.S. Government Inflation-linked Bond Index

The Barclays U.S. Government Inflation-linked Bond Index measures the performance of the inflation protected public obligations of the US Treasury. Inflation protected public obligations of the US Treasury, commonly known as “TIPS,” are securities issued by the US Treasury that are designed to provide inflation protection to investors. The Index includes publicly issued, US Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million.

Consumer Staples Select Sector Index

The Consumer Staples Select Sector Index seeks to provide an effective representation of the consumer discretionary sector of the S&P 500^® Index. The Index includes companies from the following industries: food and staples retailing, beverages, food products, tobacco, household products and personal products.

DB Global Government ex-US Inflation-Linked Bond Capped Index

The DB Global Government ex-US Inflation-Linked Bond Capped Index measures the total return performance of inflation-linked government bonds from developed and emerging market countries outside of the United States. The Index includes government debt (direct obligations of the issuer country) but does not include quasi-government debt or corporate debt.

Dow Jones Wilshire 5000 Composite Index

The Dow Jones Wilshire 5000 Composite Index is a float-adjusted market cap weighted index that holds all US-headquartered companies with readily available price data. All companies held by the Index are regularly traded on major US exchanges, including the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), and the NASDAQ National Market. Perhaps the most comprehensive measure of the US equity market available, the Index has a total market capitalization of $13.4 trillion.

Dow Jones EURO STOXX 50 Index

The Dow Jones EURO STOXX 50 Index seeks to provide a blue-chip representation of market sector leaders in the Eurozone. The Dow Jones EURO STOXX 50 Index represents the performance of the 50 largest companies within the Eurozone portion of the Dow Jones STOXX Total Market Index. The Index is a free float market capitalization weighted index that captures approximately 60% of the underlying market and covers approximately 95% of the free-float market capitalization of the investable universe in the Eurozone.

Dow Jones Wilshire Ex-US Real Estate Securities Index

The Dow Jones Wilshire Ex-US Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside of the US.

Dow Jones Wilshire Global Real Estate Securities Index

The Dow Jones Wilshire Global Real Estate Securities Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries that represent the ownership and operation of commercial or residential real estate.

Dow Jones STOXX 50 Index

The Dow Jones STOXX 50 Index seeks to provide a blue-chip representation of market sector leaders throughout Europe. The Dow Jones STOXX 50 Index represents the performance of the 50 largest companies traded on the major exchanges in Europe. The Index is a free float, market capitalization weighted index that captures approximately 60% of the underlying market capitalization of the Dow Jones STOXX Total Market Index, which covers approximately 95% of the free-float market capitalization of the investable universe in Europe.

Dow Jones Global Titans Index

The Dow Jones Global Titans Index seeks to provide an effective representation of the world’s largest global companies. The index is comprised of 50 common stocks, selected for their market capitalization, assets, book value, sales/revenue and net profits. Each year, Dow Jones selects the world’s largest stocks by market capitalization in order to create the Global Titan universe. After determining the initial list of eligible stocks, Dow Jones uses a proprietary model to create the index factoring in all the factors mentioned above.

Dow Jones Wilshire International Real Estate Index

The Dow Jones Wilshire Ex-US Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside of the US.

Dow Jones Wilshire Large Cap Index

Dow Jones Wilshire Large Cap Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the large cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization. The Composition of the Large Cap Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the large cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Large Cap Index are updated on a quarterly basis.

Dow Jones Wilshire Large Cap Growth Index

Dow Jones Wilshire Large Cap Growth Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the large cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and growth characteristics. The Composition of the Large Cap Growth Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the large cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Large Cap Growth Index are updated on a quarterly basis.

Dow Jones Wilshire Large Cap Value Index

Dow Jones Wilshire Large Cap Value Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the large cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and value characteristics. The Composition of the Large Cap Value Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the large cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Large Cap Value Index are updated on a quarterly basis.

Dow Jones Wilshire Mid Cap Index

The Dow Jones Wilshire Mid Cap Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the mid cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization. The Composition of the Mid Cap Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the mid cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Mid Cap Index are updated on a quarterly basis.

Dow Jones Wilshire Mid Cap Growth Index

The Dow Jones Wilshire Mid Cap Growth Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the mid cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and growth characteristics. The Composition of the Mid Cap Growth Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the mid cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Mid Cap Growth Index are updated on a quarterly basis.

Dow Jones Wilshire Mid Cap Value Index

The Dow Jones Wilshire Mid Cap Value Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the mid cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and value characteristics. The Composition of the Mid Cap Value Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the mid cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Mid Cap Value Index are updated on a quarterly basis.

Dow Jones Wilshire REIT Index

The Dow Jones Wilshire REIT Index is comprised of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. The Index is generally rebalanced monthly, and returns are calculated on a buy and hold basis except as necessary to reflect the occasional occurrence of Index changes in the middle of the month. Each REIT in the Index is weighted by its float adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security which reflects that portion of securities shares that are accessible to investors.

Dow Jones Wilshire Small Cap Index

The Dow Jones Wilshire Small Cap Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the small cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization. The Composition of the Small Cap Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the small cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Small Cap Index are updated on a quarterly basis.

Dow Jones Wilshire Small Cap Growth Index

The Dow Jones Wilshire Small Cap Growth Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the small cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and growth characteristics. The Composition of the Small Cap Growth Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the small cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Small Cap Growth Index are updated on a quarterly basis.

Dow Jones Wilshire Small Cap Value Index

The Dow Jones Wilshire Small Cap Value Index is a float-adjusted market capitalization weighted index that reflects the shares of securities of the small cap portion of the Dow Jones Wilshire 5000 Composite Index actually available to investors in the marketplace. The index is composed of common stocks, selected for their capitalization and value characteristics. The Composition of the Small Cap Value Index is reviewed semiannually, in March and December. New issues are added to the Index on a monthly basis as new issues are added to the Composite Index and fall within the small cap portion. An issue is removed immediately if it fails to meet the inclusion requirement of the Composite Index. Shares and float factors of the Small Cap Value Index are updated on a quarterly basis.

Energy Sector Index

The Energy Sector Index seeks to provide an effective representation of the energy sector of the S&P 500^® Index. The Index includes companies from the following industries: oil, gas & consumable fuels and energy equipment & services.

Financials Sector Index

The Financials Sector Index seeks to provide an effective representation of the financial sector of the S&P 500^® Index. The Index includes companies from the following industries: commercial banks, capital markets, diversified financial services, insurance and real estate.

Health Care Sector Index

The Health Care Sector Index seeks to provide an effective representation of the health care sector of the S&P 500^® Index. The Index includes companies from the following industries: health care equipment and supplies, health care providers and services, biotechnology and pharmaceuticals.

Industrials Sector Index

The Industrials Sector Index seeks to provide an effective representation of the industrial sector of the S&P 500^® Index. The Index includes companies from the following industries: aerospace and defense, building products, construction and engineering, electrical equipment, industrial conglomerates, machinery, commercial services and supplies, air freight & logistics, airlines, road & rail and transportation infrastructure.

KBW Bank Index

The KBW Bank Index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on US stock markets. It is created and maintained by Keefe, Bruyette & Woods, Inc.

KBW Capital Markets Index

The KBW Capital Markets Index is a float adjusted modified-market capitalization weighted index which measures the performance of publicly traded companies in the US capital market industry and includes broker dealers, asset managers, trust and custody banks and a stock exchange. It is created and maintained by Keefe, Bruyette & Woods, Inc.

KBW Insurance Index

The KBW Insurance Index is a float adjusted modified-market capitalization weighted index which measures the performance of companies in the insurance industry which are publicly traded in the US. The securities in the Insurance Index were selected to provide appropriate representation of the industry’s diverse sub-sectors, including personal and commercial lines, property/casualty, life insurance, reinsurance, brokerage and financial guarantee. It is created and maintained by Keefe, Bruyette & Woods, Inc.

KBW Regional Banking Indexsm

The KBW Regional Banking Index is an equal weighted index of geographically diverse companies representing regional banking institutions listed on US stock markets. It is created and maintained by Keefe, Bruyette & Woods, Inc.

Lehman Brothers 1-3 Month U.S. Treasury Bill Index

Lehman Brothers 1-3 Month U.S. Treasury Bill Index measures the performance of pulic obligations of the US Treasury that have a remaining maturity of greater than or equal to 1 month and less than 3 months. The Index includes all publicly issued zero-coupon US Treasury Bills that have a remaining maturity of less than 3 months and more than 1 month, are rated investment grade, and have $250 million or more of outstanding face value.

Lehman Brothers Global Treasury Ex-US Capped Index

The Lehman Brothers Global Treasury Ex-US Capped Index tracks fixed-rate local currency sovereign debt of investment-grade countries outside the United States.

Lehman Brothers High Yield Very Liquid Index

The Lehman Brothers High Yield Very Liquid Index includes publicly issued US dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are high-yield using the middle rating of Moody’s, S&P^®, and Fitch, respectively, and have $600 million or more outstanding face value.

Lehman Brothers Intermediate U.S. Treasury Index

The Lehman Brothers Intermediate U.S. Treasury Index measures the performance of public obligations of the US Treasury that have a remaining maturity of greater than or equal to 1 year and less than 10 years. The Index includes all publicly issued, US Treasury securities that have a remaining maturity of greater than or equal to 1 year and less than 10 years, are rated investment grade, and have $250 million or more of outstanding face value.

Lehman Brothers Long Treasury U.S. Index

The Lehman Brothers Long Treasury U.S. Index measures the performance of public obligations of the US Treasury that have a remaining maturity of 10 or more years. The Index includes all publicly issued, US Treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities must be denominated in US dollars and must be fixed rate and non convertible. The Index is market capitalization weighted and the securities in the index are updated on the last business day of each month.

Lehman Brothers Managed Money Municipal California Index

The Lehman Brothers Managed Money Municipal California Index tracks publicly traded California municipal bonds that cover the US dollar denominated California tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds.

Lehman Brothers Managed Money Municipal New York Index

The Lehman Brothers Managed Money Municipal New York Index tracks publicly traded New York municipal bonds that cover the US dollar denominated New York tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds.

Lehman Brothers Municipal Managed Money Index

The Lehman Brothers Municipal Managed Money Index tracks the US long term tax-exempt bond market and includes general obligation, revenue, pre-refunded and insured issues. The Index is a rules-based, market-value weighted index engineered for the tax exempt bond market. 

Lehman Brothers Short Managed Money Municipal Index

The Lehman Brothers Short Managed Money Municipal Index tracks publicly traded municipal bonds that cover the US dollar denominated short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds.

Lehman Brothers U.S. Aggregate Index

The Lehman Brothers U.S. Aggregate Index represents the securities of the US dollar denominated investment grade bond market. The Index provides a measure of the performance of the US dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody’s Investor Service, Inc., Standard & Poor’s, and Fitch Rating) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and asset backed securities that are publicly offered for sale in the United States.

MSCI ACWI sm ex USA Index

The MSCI ACWI ex USA Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in all global developed and emerging markets outside of the US.

Macquarie Global Infrastructure 100 Index

The Macquarie Global Infrastructure 100 Index is a float-adjusted market capitalization weighted index that defines and measures the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets. The MGI 100 Index is a composite of the broader Macquarie Global Infrastructure Index, which is based on 255 stocks within the following subsectors: Pipelines, Transportation Services, Electricity, Gas Distribution, Multi-utilities, Water and Telecommunications Equipment.

Materials Select Sector Index

The Materials Select Sector Index seeks to provide an effective representation of the materials sector of the S&P 500^® Index. The Index includes companies from the following industries: chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.

Oil & Gas Equipment & Services Select Industry^™ Index

The Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services sub-industry portion of the S&P Total Market Index. The S&P TMI tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and the NASDAQ Small Cap exchanges. The S&P Oil & Gas Equipment & Services Select Industry Index is an equal weighted market cap index.

Russell/Nomura Japan Small Cap^™ Index

The Russell/Nomura Japan Small Cap Index is a float-adjusted market capitalization weighted index, made up of the smallest 15% of stocks in the Russell/Nomura Total Market^™ Index.

Russell/Nomura PRIME^™ Index

The Russell/Nomura PRIME Index is a float-adjusted market capitalization weighted index, made up of the 1,000 largest stocks in the Russell/Nomura Total Market^™ Index. The index has unique controls in place that maximize liquidity while limiting turnover, thereby qualifying it as an optimal benchmark for passive investment in the Japanese market.

S&P^® 500 Index

The S&P 500 Index is composed of 500 selected stocks, all of which are listed on the Exchange, the NYSE or NASDAQ, and spans over 24 separate industry groups. Since 1968, the S&P 500 Index has been a component of the US Commerce Department’s list of Leading Indicators that track key sectors of the US economy. Current information regarding the market value of the S&P 500 Index is available from market information services. The S&P 500 Index is determined, comprised and calculated without regard to the Trust.

S&P^® Biotech Select Industry^™ Index

The S&P Biotech Select Industry Index seeks to provide an effective representation of the biotechnology sub-industry portion of the S&P Total Market IndexTM. The S&P TMI tracks all the US common stocks regularly traded on the NYSE, American Stock Exchange, NASDAQ National Market and NASDAQ Small Cap Exchanges. The Biotech Index is an equal weighted market cap index.

S&P^® BRIC 40 Index

The S&P BRIC 40 Index is a market capitalization weighted index that defines and measures the investable universe of companies domiciled in the emerging markets of Brazil, Russia, India and China that are listed on the Hong Kong Stock Exchange, the London Stock Exchange, NASDAQ and/or New York Stock Exchange (“NYSE”). The S&P BRIC 40 Index is float adjusted.

S&P^®/Citigroup^® BMI Asia Pacific Emerging Index

The S&P/Citigroup BMI Asia Pacific Emerging Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled in emerging markets within the Asia Pacific region.

S&P^®/Citigroup^® BMI China Index

The S&P/Citigroup BMI China Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of those publicly traded companies domiciled in China that are legally available to foreign investors.

S&P^®/Citigroup^® BMI European Emerging Capped Index

The S&P/Citigroup BMI European Emerging Capped Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled in emerging markets within Europe. Stocks are capped at a maximum of 24% of index weight and changes in capping are monitored on a quarterly basis on the quarterly rebalancing dates. 

S&P^®/Citigroup^® BMI Emerging Markets Index

The S&P/Citigroup BMI Emerging Markets Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled within global emerging markets.

S&P^®/Citigroup^® BMI Latin America Index

The S&P/Citigroup BMI Latin America Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled in emerging markets within Latin America.

S&P^®/Citigroup^® BMI Middle East and Africa Index

The S&P/Citigroup BMI Middle East and Africa Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled in emerging markets within the Middle East and Africa.

S&P^®/Citigroup^® BMI World Ex US Index

The S&P/Citigroup BMI World Ex US Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded companies domiciled in countries outside the US.

S&P^®/Citigroup Developed Markets Mid Cap Index

S&P/Citigroup Developed Markets Mid Cap Index is a float adjusted market cap weighted index that represents the mid capitalization segment of developed countries included in the S&P/Citigroup BMI Global Equity Index (“BMI Global Equity Index”). The BMI Global Equity Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.

S&P^®/Citigroup^® Emerging Markets Small Cap Index

S&P/Citigroup Emerging Market Small Cap Index is a float adjusted market cap weighted index that represents the small capitalization segment of emerging countries included in the BMI Global Equity Index. The BMI Global Equity Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.

S&P^®/Citigroup^® International Mid Cap Index

The S&P/Citigroup Developed Markets Mid Cap Index is a float adjusted market cap weighted index that represents the mid capitalization segment of developed countries included in the S&P/Citigroup BMI Global Equity Index (“BMI Global Equity Index”). The BMI Global Equity Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.

S&P^®/Citigroup^® International Small Cap Index

The S&P/Citigroup World Ex US Small Cap Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of small-cap, publicly traded companies domiciled in countries outside the US.

S&P^®/Citigroup^® World Ex US Small Cap Index

The S&P/Citigroup World Ex US Small Cap Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of small-cap, publicly traded companies domiciled in countries outside the US.

S&P^® Consumer Discretionary Select Sector Index

The S&P Consumer Discretionary Select Sector Index seeks to provide an effective representation of the consumer discretionary sector of the S&P^® 500 Index. The Consumer Discretionary Select Sector Index includes companies from the following industries: automobiles and components, household durables, apparel, hotels, restaurants, leisure, media and retailing.

S&P^® High Yield Dividend Aristocrats Index

The S&P High Yield Dividend Aristocrats Index is designed to measure the performance of the 50 highest dividend yielding S&P Composite 1500 constituents following a managed-dividends policy of consistently increasing dividends every year for at least 25 years. These stocks have both capital growth and dividend income characteristics, as opposed to stocks that exhibit pure yield, or pure capital orientation. The index methodology incorporates minimum market capitalization and liquidity screens, as well as buffers to reduce turnover at rebalancings. There are also concentration limits to prevent any stock from becoming more than a 4% index weight at rebalancing.

S&P Homebuilders Select Industry^™ Index

The S&P Homebuilders Select Industry Index seeks to provide an effective representation of the homebuilders sub-industry portion of the S&P Total Market Index^™. The S&P TMI tracks all the US common stocks regularly traded on the NYSE, American Stock Exchange, NASDAQ National Market and NASDAQ Small Cap Exchanges. The Homebuilders Index is an equal weighted market cap index.

S&P Oil & Gas Exploration & Production Select Industry^™ Index

The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Market IndexTM. The S&P TMI tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and the NASDAQ Small Cap exchanges. The Index is an equal weighted market cap index.

S&P Pharmaceuticals Select Industry^™ Index

The S&P Pharmaceuticals Select Industry Index represents the pharmaceuticals sub-industry portion of the S&P Total Market IndexTM. The S&P TMI tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and the NASDAQ Small Cap exchanges. The Index is an equal weighted market cap index.

S&P Metals & Mining Select Industry^™ Index

The S&P Metals & Mining Select Industry Index represents the metals and mining sub-industry portion of the S&P Total Market Index. The S&P TMI tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and the NASDAQ Small Cap exchanges. The Metals & Mining Index is an equal weighted market cap index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Index was the first listed broad-market technology barometer dedicated exclusively to the electronics-based technology industry. The Index is comprised of US companies drawn from the following: 11 technology sub-sectors: computer & business services; technical software (CAD/CAM, EDA); enterprise software; Internet and PC software; telecom equipment; wireline/wireless; data networking/data security; server & enterprise hardware; PC hardware & data storage; connectors/electronics manufacturing services; semi-conductor capital equipment; and semiconductors.

S&P Retail Select Industry^™ Index

The S&P Retail Select Industry Index represents the retail sub-industry portion of the S&P Total Market IndexTM. The S&P TMI tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and the NASDAQ Small Cap exchanges. The Index is an equal weighted market cap index.

S&P Semiconductor Select Industry^™ Index

The S&P Semiconductor Select Industry Index seeks to provide an effective representation of the semiconductor sub-industry portion of the S&P Total Market IndexTM. The S&P TMI tracks all the US common stocks regularly traded on the NYSE, American Stock Exchange, NASDAQ National Market and NASDAQ Small Cap Exchanges. The semiconductor Index is an equal weighted market cap index.

S&P^® International Dividend Opportunities Index

The S&P International Dividend Opportunities Index includes 100 tradable, exchange-listed common stocks from around the world that offer high dividend yields. The universe from which the International Dividend Index is drawn is all dividend paying common stocks and ADRs listed in primary exchanges of a country included in the S&P/Citigroup Broad Market Index that allow free in kind transfer of dividends. 

SPDR^® Gold Trust

The objective of the SPDR Gold Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Shares trade on the NYSE Arca and provide institutional and retail investors with indirect cost-effective access to the gold bullion market.

Technology Select Sector Index

The Technology Select Sector Index seeks to provide an effective representation of the technology sector of the S&P^® 500 Index. The Index includes companies from the following industries: internet software and services, IT services, software, communications equipment, computers and peripherals, electronic equipment and instruments, office electronics, semiconductors and semiconductor equipment, diversified telecommunication services and wireless telecommunication services.

Utilities Select Sector Index

The Utilities Select Sector Index seeks to provide an effective representation of the utilities sector of the S&P 500^® Index. The Index includes companies from the following industries: electric utilities, gas utilities, multi-utilities and independent power producers & energy traders.

The Utilities Select Sector Index

Seeks to provide an effective representation of the utilities sector of the S&P 500^® Index. The Index includes companies from the following industries: electric utilities, gas utilities, multi-utilities and independent power producers & energy traders.