Portfolio         Overlay Risk Country Contract Weights Decomposition Equities       Australia SPI 200 Futures -3.16% -5.09% Belgium Belgium MS CI Index fund 0.42 0.87 Canada S&P/TSE 60 futures -0.85 -2.32 Finland Finland MS CI Index fund and DJ Euro STOXX 50 futures -0.14 -0.28 France CAC 40 futures and DJ Euro STOXX 50 futures -0.91 -2.70 Germany DAX futures and DJ Euro STOXX 50 futures 1.09 3.65 Hong Kong Hang Seng futures 3.73 20.59 Italy MIB 30 futures and DJ Euro STOXX 50 futures -0.76 -2.24 Japan TOPIX futures 2.62 11.21 Netherlands Netherlands MSCI Index fund and DJ Euro STOXX 50 futures 0.21 0.59 New Zealand New Zealand MSCI Index fund -0.19 -0.27 Portugal Portugal MSCI Index fund -0.29 -0.41 Spain IBEX 35 futures and DJ Euro STOXX 50 futures 0.46 1.46 Singapore Singapore MSCI Index fund and Singapore MSCI futures -1.57 -5.69 Sweden OMX futures -0.93 -2.14 Switzerland Switzerland MSCI Index fund -0.52 -1.26 United Kingdom FTSE 100 futures -1.89 -3.85 United States S&P 500 futures 3.92 15.05     1.26% 27.19% Bonds       Australia Australia 10-year futures 0.38% -0.02% Canada Canada 10-year futures 4.45 2.26 EMU countries Germany 10-year Euro-Bund futures -10.06 0.18 Japan JGB 10-year futures -19.20 5.56 Switzerland Switzerland 10-year futures -1.83 0.18 United Kingdom Long Gilt futures -7.39 1.41 United States U.S. 10-year futures 21.78 15.77     -11.87% 25.35% Currencies       Australian dollar A$/US$ currency forward 3.30% 8.45% Canadian dollar C$/US$ currency forward -1.81 -0.88 Euro Euro/US$ currency forward -0.35 0.02 Japanese yen Yen/US$ currency forward -1.55 0.10 New Zealand dollar NZ$/US$ currency forward 3.21 8.28 Norwegian krone Norwegian krone/US $ currency 5.14 3.06 forward (Continued)