The Buyback Achievers 30 Portfolio is designed to track the performance of companies that are incorporated in the United States, trade on the NYSE, NASDAQ or AMEX and have repurchased 5% or more of their common stock in the trailing 12 months. The portfolio is comprised of 10 large cap companies, each representing 5% of the portfolio, 10 mid cap companies each with a portfolio weight of 3.5% and 10 small cap companies each representing 1.5% of the portfolio. The portfolio is reconstituted annually and rebalanced quarterly.

US Universe
Select 30 US companies with a Share Buyback Factor (SBF) of -5 (i.e., have repurchased at least 5% of their outstanding shares) or less for the trailing 12 months ended December 31 each year. Companies must be listed on the NYSE, AMEX or NASDAQ (NMS and Small Cap ("NAS")). Companies must have a minimum average daily cash volume of $500,000 for the November and December prior to each Annual Reconstitution Date or the two months prior to the latest available month-end date for corporate actions. The 30 constituents will be comprised of 10 large cap, 10 mid cap and 10 small cap companies (as defined) with the lowest Share Buyback Factor (i.e., SBF are expressed as negative numbers) of as of the last trading date in December or the latest month-end prior to a corporate action. Large Cap companies are defined as issues with a market cap rank between 1 and 300 as of the last trading date in December for annual reconstitutions or the last available month-end date for corporate action replacements. Mid Cap companies are defined as issues with a market cap rank between 301 and 1000 as of the last trading date in December for annual reconstitutions or the last available month-end date for corporate action replacements. Small Cap companies are defined as issues with a market cap rank greater than 1000 as of the last trading date in December for annual reconstitutions or the last available month-end date for corporate action replacements.

General Index Rules
Each large cap company will be comprise 5.0% of the portfolio (i.e., large cap companies comprise 50% of the portfolio). Each mid cap company will be comprise 3.5% of the portfolio (i.e., mid cap companies comprise 35% of the portfolio). Each small cap company will be comprise 1.5% of the portfolio (i.e., mid cap companies comprise 15% of the portfolio). The weight of each company will float between reconstitution and rebalance dates thus it is possible for a company to weigh more than 5% between these periods. The index is reconstituted annually on January 15th or the first trading date after January 15 (i.e., account for MLK holiday). The index is rebalanced quarterly on April 15th, July 15th, and October 15th or the first trading date after the respective rebalancing dates. If there are less than 10 constituents in a particular market cap style, then select the companies with the highest market cap rankings until the full compliment is made without regard for their SBF factors In the event of a corporate action a replacement company will be selected that is the same market cap style as the company removed from the portfolio and has the lowest SBF factor as of the latest available month-end prior to the corporate action. In addition, the replacement company must have a minimum average daily cash volume of $500,000 for the prior two months as of the latest available month-end prior to the corporate action If there are no replacement companies with the same market cap style, then select the company with the highest market cap ranking without regard for its SBF factor (i.e., but will have repurchased at least 5% of its outstanding shares) for the latest month-end prior to the corporate action Index Statistics (in million USD)