ETF Returns

First Asia

Investor

		As of Quarter Ending 12/31/2004 1 Yr	3 Yr	5 Yr	10 Yr	Since Inception	As of 01/05/2005 12 Month Trailing	Since Date

iShares MSCI-Mexico	EWW	48.28	75.43	53.50	NA	204.18	42.57	188.77
iShares MSCI-Belgium	EWK	43.90	83.36	33.93	NA	114.16	42.12	118.59
iShares MSCI-South Africa	EZA	43.63	NA	NA	NA	109.12	35.72	103.27
iShares S&P Latin America 40	ILF	39.24	75.78	NA	NA	103.20	31.45	95.55
iShares MSCI-Sweden	EWD	35.70	56.34	-9.52	NA	142.43	32.92	129.91
iShares Cohen & Steers Realty Majors	ICF	35.10	90.23	NA	NA	111.77	32.03	106.28
iShares MSCI-Brazil	EWZ	34.18	86.37	NA	NA	25.46	23.65	21.09
Select Sector SPDR-Energy	XLE	33.43	43.14	45.33	NA	70.15	28.52	65.77
iShares MSCI-Italy	EWI	32.14	70.84	23.90	NA	189.07	27.96	186.12
iShares Dow Jones US Energy	IYE	31.70	41.53	NA	NA	34.84	27.04	27.49
iShares MSCI-Australia	EWA	30.76	95.07	76.77	NA	117.96	27.66	112.63
streetTRACKS Wilshire REIT	RWR	30.58	82.65	NA	NA	107.56	27.51	97.50
iShares Dow Jones US Real Estate	IYR	30.28	82.16	NA	NA	129.65	27.22	120.70
iShares MSCI-Spain	EWP	29.42	75.06	35.87	NA	239.60	25.10	231.30
iShares MSCI-Pacific Ex-Japan	EPP	28.62	76.55	NA	NA	93.43	25.51	90.23
iShares S&P Global Energy Sector	IXC	27.88	54.95	NA	NA	54.87	23.24	62.19
iShares Dow Jones Transportation Average Index Fund	IYT	27.86	NA	NA	NA	35.23	23.76	32.15
iShares MSCI Emerging Markets	EEM	25.60	NA	NA	NA	104.71	19.36	98.55
iShares Goldman Sachs Natural Resources	IGE	24.21	44.46	NA	NA	45.38	19.18	35.51
iShares MSCI-Hong Kong	EWH	24.00	37.42	-4.27	NA	21.82	20.62	19.75
Select Sector SPDR-Utilities	XLU	23.79	10.94	17.64	NA	17.92	21.42	13.20
iShares Dow Jones US Utilities	IDU	23.24	19.96	NA	NA	14.07	20.61	12.87
iShares Russell Midcap Value Index Fund	IWS	23.23	53.28	NA	NA	52.23	20.24	53.28
iShares S&P SmallCap 600 BARRA Value	IJS	22.93	46.64	NA	NA	86.92	18.09	84.63
iShares MSCI-Singapore	EWS	22.59	50.49	-13.41	NA	-30.48	19.93	-31.97
iShares S&P SmallCap 600	IJR	22.43	44.70	NA	NA	73.13	17.91	70.49
iShares MSCI-Canada	EWC	22.41	62.82	43.21	NA	165.44	17.39	154.99
iShares Russell 2000 Value	IWN	22.00	57.18	NA	NA	101.37	17.41	97.39
iShares S&P SmallCap 600 BARRA Growth	IJT	21.60	40.75	NA	NA	31.37	17.42	35.58
iShares MSCI-EMU	EZU	21.04	35.00	NA	NA	-5.14	18.02	-3.68
iShares Russell Midcap Index Fund	IWR	19.92	40.49	NA	NA	38.91	16.73	35.76
iShares MSCI-EAFE	EFA	19.73	39.76	NA	NA	30.88	17.26	30.62
iShares S&P Europe 350	IEV	19.42	34.47	NA	NA	2.04	16.89	3.99
PowerShares Dynamic Market Portfolio	PWC	19.08	NA	NA	NA	52.12	16.26	47.76
Vanguard Extended Market VIPERs	VXF	18.73	NA	NA	NA	39.78	14.85	33.12
iShares S&P MidCap 400/BARRA Value	IJJ	18.72	48.67	NA	NA	89.16	14.77