Equity Model Details

Datasheet Descriptor details Research notes

Model	Short code	Long code	Risk Indices	Industries	Products	Assets	Est Univ	Data Inception	Features	More Info
Argentina		ARE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	12 Energy Sources Utilities-Electrical and Gas Metals-Steel Construction and Housing Appliances and Household Durables Automobiles Beverages and Tobacco Merchandising Banking Financial Services Multi-Industry Miscellaneous	BarraOne TotalRisk BIMe Models Direct	128	Buenos Aires Stock Exchange Common stocks listed on Buenos Aires Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(12)d
Asia Pacific Long and Short	AC AD	ASE1LJPN ASE1SJPN	Regional (8) Volatility Momentum Size Liquidity Value Growth Leverage Foreign Sensitivity Local (21) Pacific Momentum Size Volatility East Asia Developed & China International Momentum Size Volatility East Asia Emerging Momentum Size Volatility Southeast Asia Momentum Size Volatility South Asia Momentum Size Volatility Japan Momentum Size Volatility China Momentum Size Volatility	Regional ex Japan (23) Energy Chemicals Other Materials Metals & Mining Other Capital Goods Building Prod., Constr. & Engin. Airlines & Marine Transport & Commercial Services Automobiles & Components Household, Retailing, Leisure, Hotels Media Consumer Staples Healthcare & Pharmaceuticals Banks Diversified Financials Insurance Real Estate Software & Services Computers & Communication Equip. Electronic Equip. & Comp. Semiconductors & Equipment Telecommunication Services Utilities Japan (23) Energy Chemicals Other Materials Metals & Mining Other Capital Goods Building Prod., Constr. & Engin. Airlines & Marine Transport & Commercial Services Automobiles & Components Household, Retailing, Leisure, Hotels Media Consumer Staples Healthcare & Pharmaceuticals Banks Diversified Financials Insurance Real Estate Software & Services Computers & Communication Equip. Electronic Equip. & Comp. Semiconductors & Equipment Telecommunication Services Utilities China A (10) Energy Other Materials Metals & Mining Capital Goods Transport & Services Consumer Discretionary Consumer Staples Healthcare Utilities Financials Real Estate Technology	Aegis Barra Portfolio Manager Models Direct	21,600	MSCI AC Asia Pacific IMI Based primarily on the MSCI All Country (AC) Asia Pacific Investable Market Index (IMI)	Jan-95	GICS®-based industries Daily price/share updates Daily risk updates Time series, structural, and hybrid specific risk model
Asia Pacific ex Japan Long and Short	AA AB	ASE1LXJP ASE1SXJP	Regional (8) Volatility Momentum Size Liquidity Value Growth Leverage Foreign Sensitivity Local (18) Pacific Momentum Size Volatility East Asia Developed & China International Momentum Size Volatility East Asia Emerging Momentum Size Volatility Southeast Asia Momentum Size Volatility South Asia Momentum Size Volatility China Momentum Size Volatility	Regional (23) Energy Chemicals Other Materials Metals & Mining Other Capital Goods Building Prod., Constr. & Engin. Airlines & Marine Transport & Commercial Services Automobiles & Components Household, Retailing, Leisure, Hotels Media Consumer Staples Healthcare & Pharmaceuticals Banks Diversified Financials Insurance Real Estate Software & Services Computers & Communication Equip. Electronic Equip. & Comp. Semiconductors & Equipment Telecommunication Services Utilities China A (10) Energy Other Materials Metals & Mining Capital Goods Transport & Services Consumer Discretionary Consumer Staples Healthcare Utilities Financials Real Estate Technology	Aegis Barra Portfolio Manager Models Direct	17,700	MSCI AC Asia Pacific IMI ex Japan Based primarily on the MSCI All Country (AC) Asia Pacific Investable Market Index (IMI) excluding assets in the Japan market	Jan-95	GICS®-based industries Daily price/share updates Daily risk updates Time series, structural, and hybrid specific risk model
Asia Pacific ex Japan and China A Long and Short	AE AF	ASE1LXJC ASE1SXJC	8 Volatility Momentum Size Liquidity Value Growth Leverage Foreign Sensitivity	23 Energy Chemicals Other Materials Metals & Mining Other Capital Goods Building Prod., Constr. & Engin. Airlines & Marine Transport & Commercial Services Automobiles & Components Household, Retailing, Leisure, Hotels Media Consumer Staples Healthcare & Pharmaceuticals Banks Diversified Financials Insurance Real Estate Software & Services Computers & Communication Equip. Electronic Equip. & Comp. Semiconductors & Equipment Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	15,800	MSCI AC Asia Pacific IMI ex Japan and & China Domestic Based primarily on the MSCI All Country (AC) Asia Pacific Investable Market Index (IMI) excluding assets in the Japan and China Domestic markets	Jan-95	GICS®-based industries Daily price/share updates Daily risk updates Time series, structural, and hybrid specific risk model
Australia	A3	AUE3	9 Volatility Size Momentum Trading Activity Value Growth Leverage Foreign Exposure Non-estimation Flag	14 Energy Materials ex Metals & Mining Metals & Mining ex Gold Gold Consumer Discretionary ex Media Media Financials ex Property Trusts Property Trusts Industrials Consumer Staples Health Care Utilities Information Technology Telecommunication Services	Aegis BarraOne TotalRisk BIMe Models Direct	1,400	S&P/ASX 300 After Apr 2000: S&P/ASX 300. Before Apr 2000: ASX All Ordinaries Index	Oct-97b	Daily price/share updatesh Exp. matrix(48)d DEWIV model for market riskf Linked specific riskg
Australia Long-Term		AUE3L	9 Volatility Size Momentum Trading Activity Value Growth Leverage Foreign Exposure Non-estimation Flag	14 Energy Materials ex Metals & Mining Metals & Mining ex Gold Gold Consumer Discretionary ex Media Media Financials ex Property Trusts Property Trusts Industrials Consumer Staples Health Care Utilities Information Technology Telecommunication Services	Aegis Barra Portfolio Manager Models Direct	1,946	S&P/ASX 300 After Apr 2000: S&P/ASX 300. Before Apr 2000: ASX All Ordinaries Index	Nov-98ac Jan-03i	Daily price/share updatesh Exp. matrix(48)d DEWIV model for market riskf Linked specific riskg
Australia Short-Term		AUE3S	9 Volatility Size Momentum Trading Activity Value Growth Leverage Foreign Exposure Non-estimation Flag	14 Energy Materials ex Metals & Mining Metals & Mining ex Gold Gold Consumer Discretionary ex Media Media Financials ex Property Trusts Property Trusts Industrials Consumer Staples Health Care Utilities Information Technology Telecommunication Services	Aegis Barra Portfolio Manager Models Direct	1,946	S&P/ASX 300 After Apr 2000: S&P/ASX 300. Before Apr 2000: ASX All Ordinaries Index	Nov-98ac Jan-03i	Daily price/share updatesh Exp. matrix(48)d DEWIV model for market riskf Linked specific riskg
Bahrain		BHE1	5 Size Yield Momentum Volatility Value	4 Commercial Banks Investment Services Miscellaneous	BarraOne TotalRisk BIMe Models Direct	38	Bahrain Stock Exchange Common stocks listed on Bahrain Stock Exchange, excluding foreign assets	Feb-00b	Exp. matrix(36)d
Brazil	B2	BRE2	10 Size Momentum Volatility Liquidity Growth Value Leverage Foreign Exposure Interest Rate Exposure New York Listing Factor	26 Energy Chemicals Fertilizers & Agricultural Chemicals Construction Materials Metals & Mining Steel and Metallurgy Paper & Forest Products plus Containers & Packaging Aerospace & Defense Building Products plus Construction & Engineering Electrical Equipment Industrial Conglomerates Metal & Mining Transportation Automobiles & Components Consumer Durables & Apparel Other Consumer Discretionary Media Consumer Staples Health Care Banks Diversifed Financials Information Technology Diversifed Telecommunications Services Wireless Telecommunication Services Other Utilites Electric Utilities	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct	330	Highest capitalization line of each asset in the market	Jan-99ac Oct-97b	Daily price/share updatesh Exp. matrix(48)d DEWIV model for market riskf Linked specific riskg
Canada	C4	CNE4	8 Momentum Volatility Size Growth Value Financial Leverage Yield Non-Estimation Universe	15 Consumer Discretionary Consumer Staples Energy Financials ex Real Estate Healthcare Industrials Information Technology Materials ex Metals & Mining and Forest & Paper Products Telecommunications Utilities Forest & Paper Products Metals & Mining ex Gold Gold Real Estate Unit Trusts	Aegis BarraOne TotalRisk BIMe Models Direct Models Direct	3,000	Common stock listed in the TSX composite Common stock listed in the TSX composite, plus some industry fill-ins. Turnover is limited by grandfathering rules.	Jan-90ac Oct-97b	Daily price/share updatesh Exp. matrix(48)d
Canada Long-Term		CNE4L	8 Momentum Volatility Size Growth Value Financial Leverage Yield Non-Estimation Universe	15 Consumer Discretionary Consumer Staples Energy Financials ex Real Estate Healthcare Industrials Information Technology Materials ex Metals & Mining and Forest & Paper Products Telecommunications Utilities Forest & Paper Products Metals & Mining ex Gold Gold Real Estate Unit Trusts	Aegis Barra Portfolio Manager Models Direct	2,973	Common stock listed in the TSX composite Common stock listed in the TSX composite, plus some industry fill-ins. Turnover is limited by grandfathering rules.	Jan-90ac Jan-03i	Daily price/share updatesh Exp. cov. matrix (250)-variances (750)-correlationsj
Canada Short-Term		CNE4S	8 Momentum Volatility Size Growth Value Financial Leverage Yield Non-Estimation Universe	15 Consumer Discretionary Consumer Staples Energy Financials ex Real Estate Healthcare Industrials Information Technology Materials ex Metals & Mining and Forest & Paper Products Telecommunications Utilities Forest & Paper Products Metals & Mining ex Gold Gold Real Estate Unit Trusts	Aegis Barra Portfolio Manager Models Direct	2,973	Common stock listed in the TSX composite Common stock listed in the TSX composite, plus some industry fill-ins. Turnover is limited by grandfathering rules.	Jan-97ac Jan-03i	Daily price/share updatesh Daily price/share updatesh Exp. cov. matrix (90)-variances (480)-correlationsj
Chile		CLE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	12 Commercial and Other Banks Financial Institutions/Services Insurance-Multiln/Property and Casualty Diversified Holding Cos Electric/Gas Utilities/Telephone Beverage and Tobacco Food and Grocery Products Retail Trade Construction and Building Chemicals Forestry and Paper Products Miscellaneous	BarraOne TotalRisk BIMe Models Direct	216	Santiago Stock Exchange Common stocks listed on Santiago Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
China	C2	CHE2	11 Size Volatility Downside Volatility Trading Activity Momentum Financial Leverage Value Growth Shenzhen Market Size B-Share Flag B-Share Shenzhen Stock Exchange Flag	24 Energy Chemicals Materials Metals & Mining Steel Industrial Conglomerates Capital Goods ex Conglomerates Commercial Services Transportation Transportation Infrastructure Automobiles & Components Household Durables Apparel, Luxury, & Leisure products Hotels, Restaurants, & Leisure Media Retailing Consumer Staples Health Care Financials Real Estate Software & Services Information Technology Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	2,032	A Shares All A shares that are not subject to special or particular treatment and have been traded for at least one full month.	Jan-99ac Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 90 days for variances and 480 days for correlationsd Linked specific riskg
Colombia		COE1	6 Size Yield Momentum Market Sensitivity Volatility Value	7 Banks Insurance and Capitalization Food/Drinks/Tobacco Textiles/Garments/Leather Non-Metallic Industries Commerce and Hotels Miscellaneous	BarraOne TotalRisk BIMe Models Direct	60	Bogota Stock Exchange Common stocks listed on Bogota Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Czech Republic		CZE1	6 Index Flag Size Momentum Market Sensitivity Volatility Value	13 Food Production Drinks and Tobacco Production Extraction and Processing of Minerals Chemicals/Pharmaceutical/Rubber Building and Building Materials Metallurgy and Iron Processing Engineering Energy Transport and Communication Finance Services Jewelry/Ceramics/Glass Miscellaneous	BarraOne TotalRisk BIMe Models Direct	104	Prague Stock Exchange Common stocks listed on Prague Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Egypt		EGE1	6 Index Flag Size Yield Momentum Market Sensitivity Volatility	10 Building Materials and Components Chemicals Metals-Steel Beverages and Tobacco Food and Household Products Health and Personal Care Telecommunications Banking Real Estate Miscellaneous	BarraOne TotalRisk BIMe Models Direct	120	Cairo Stock Exchange Common stocks listed on Cairo Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Europe (Base) Long and Short	EA EB	EUE3LBAS EUE3SBAS	9 Momentum Volatility Size Liquidity Value Earnings Yield Dividend Yield Growth Leverage	29 Energy Equipment & Services Oil Gas & Consumable Fuels Other Materials Metals & Mining Other Capital Goods Construction & Engineering Machinery Commercial Services Other Transport Airlines Autos & Components Consumer Durables & Apparel Consumer Services Media Retailing Food & Staples Retailing Food Beverages & Tobacco Household & Personal Products Healthcare Equipment & Services Pharmaceuticals Banks Diversified Financials Insurance Real Estate Software & Services Technology Hardware & Equipment Semiconductors Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	9,800	MSCI AC Europe Investable Market Index Based on MSCI AC Europe Investable Market Index, enhanced with further small-cap assets and non-index assets for frontier markets	Jan-95ac Jan-03i	GICS® based industries Daily price/share updates Daily risk updates Time series, structural and hybrid specific risk model
Europe (UK derived) Long and Short	EC ED	EUE3LDUK EUE3SDUK	9 Momentum Volatility Size Liquidity Value Earnings Yield Dividend Yield Growth Leverage	58 (UK) Energy Equipment & Services (UK) Oil Gas & Consumable Fuels (UK) Other Materials (UK) Metals & Mining (UK) Other Capital Goods (UK) Construction & Engineering (UK) Machinery (UK) Commercial Services (UK) Other Transport (UK) Airlines (UK) Autos & Components (UK) Consumer Durables & Apparel (UK) Consumer Services (UK) Media (UK) Retailing (UK) Food & Staples Retailing (UK) Food Beverages & Tobacco (UK) Household & Personal Products (UK) Healthcare Equipment & Services (UK) Pharmaceuticals (UK) Banks (UK) Diversified Financials (UK) Insurance (UK) Real Estate (UK) Software & Services (UK) Technology Hardware & Equipment (UK) Semiconductors (UK) Telecommunication Services (UK) Utilities (Ex-UK) Energy Equipment & Services (Ex-UK) Oil Gas & Consumable Fuels (Ex-UK) Other Materials (Ex-UK) Metals & Mining (Ex-UK) Other Capital Goods (Ex-UK) Construction & Engineering (Ex-UK) Machinery (Ex-UK) Commercial Services (Ex-UK) Other Transport (Ex-UK) Airlines (Ex-UK) Autos & Components (Ex-UK) Consumer Durables & Apparel (Ex-UK) Consumer Services v (Ex-UK) Media (Ex-UK) Retailing (Ex-UK) Food & Staples Retailing (Ex-UK) Food Beverages & Tobacco (Ex-UK) Household & Personal Products (Ex-UK) Healthcare Equipment & Services (Ex-UK) Pharmaceuticals (Ex-UK) Banks (Ex-UK) Diversified Financials (Ex-UK) Insurance (Ex-UK) Real Estate (Ex-UK) Software & Services (Ex-UK) Technology Hardware & Equipment (Ex-UK) Semiconductors (Ex-UK) Telecommunication Services (Ex-UK) Utilities	Aegis Barra Portfolio Manager Models Direct	9,800	MSCI AC Europe Investable Market Index Based on MSCI AC Europe Investable Market Index, enhanced with further small-cap assets and non-index assets for frontier markets	Jan-95ac Jan-03i	GICS® based industries Daily price/share updates Daily risk updates Time series, structural and hybrid specific risk model
Europe (Eastern Europe derived) Long and Short	EE EF	EUE3LDEE EUE3SDEE	9 Momentum Volatility Size Liquidity Value Earnings Yield Dividend Yield Growth Leverage	58 (EE) Energy Equipment & Services (EE) Oil Gas & Consumable Fuels (EE) Other Materials (EE) Metals & Mining (EE) Other Capital Goods (EE) Construction & Engineering (EE) Machinery (EE) Commercial Services (EE) Other Transport (EE) Airlines (EE) Autos & Components (EE) Consumer Durables & Apparel (EE) Consumer Services (EE) Media (EE) Retailing (EE) Food & Staples Retailing (EE) Food Beverages & Tobacco (EE) Household & Personal Products (EE) Healthcare Equipment & Services (EE) Pharmaceuticals (EE) Banks (EE) Diversified Financials (EE) Insurance (EE) Real Estate (EE) Software & Services (EE) Technology Hardware & Equipment (EE) Semiconductors (EE) Telecommunication Services (EE) Utilities (WE) Energy Equipment & Services (WE) Oil Gas & Consumable Fuels (WE) Other Materials (WE) Metals & Mining (WE) Other Capital Goods (WE) Construction & Engineering (WE) Machinery (WE) Commercial Services (WE) Other Transport (WE) Airlines (WE) Autos & Components (WE) Consumer Durables & Apparel (WE) Consumer Services (WE) Media (WE) Retailing (WE) Food & Staples Retailing (WE) Food Beverages & Tobacco (WE) Household & Personal Products (WE) Healthcare Equipment & Services (WE) Pharmaceuticals (WE) Banks (WE) Diversified Financials (WE) Insurance (WE) Real Estate (WE) Software & Services (WE) Technology Hardware & Equipment (WE) Semiconductors (WE) Telecommunication Services (WE) Utilities	Aegis Barra Portfolio Manager Models Direct	9,800	MSCI AC Europe Investable Market Index Based on MSCI AC Europe Investable Market Index, enhanced with further small-cap assets and non-index assets for frontier markets	Jan-95ac Jan-03i	GICS® based industries Daily price/share updates Daily risk updates Time series, structural and hybrid specific risk model
Global Long-Term	GL	GEM2L	8 Momentum Volatility Value Size Size Nonlinearity Growth Liquidity Financial Leverage	34 Energy Equipment & Services Oil, Gas, and Consumable Fuels Oil & Gas Exploration & Production Chemicals Construction, Containers, Paper Aluminum, Diversified Metals Gold, Precious Metals Steel Capital goods Commercial & Professional Services Transportation Non-Airline Airlines Automobiles & Components Consumer Durables & Apparel Consumer Services Media Retailing Food & Staples Retailing Food, Beverage & Tobacco Household & Personal Products Health Care Equipment & Services Biotechnology Pharmaceuticals, Life Sciences Banks Diversified Financials Insurance Real Estate Internet Software & Services IT Services, Software Communications Equipment Computers, Electronics Semiconductors Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	48,100	ACWI IMI + MSCI GCC + MSCI China A MSCI All Country World Investable Market Index (ACWI IMI) + MSCI GCC Countries Index + MSCI China A Index	Jan-97ac Jan-03i	Industry factors based on Global Industry Classification Standard (GICS®) Global factor provides a clean separation of country vs. industry effects
Global Short-Term	GS	GEM2S	8 Momentum Volatility Value Size Size Nonlinearity Growth Liquidity Financial Leverage	34 Energy Equipment & Services Oil, Gas, and Consumable Fuels Oil & Gas Exploration & Production Chemicals Construction, Containers, Paper Aluminum, Diversified Metals Gold, Precious Metals Steel Capital goods Commercial & Professional Services Transportation Non-Airline Airlines Automobiles & Components Consumer Durables & Apparel Consumer Services Media Retailing Food & Staples Retailing Food, Beverage & Tobacco Household & Personal Products Health Care Equipment & Services Biotechnology Pharmaceuticals, Life Sciences Banks Diversified Financials Insurance Real Estate Internet Software & Services IT Services, Software Communications Equipment Computers, Electronics Semiconductors Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	48,100	ACWI IMI + MSCI GCC + MSCI China A MSCI All Country World Investable Market Index (ACWI IMI) + MSCI GCC Countries Index + MSCI China A Index	Jan-97ac Jan-03i	Industry factors based on Global Industry Classification Standard (GICS®) Global factor provides a clean separation of country vs. industry effects
Global Long-Term	GP	GEM3L	11 Beta Momentum Size Earnings Yield Residual Volatility Growth Dividend Yield Book-to-Price Leverage Liquidity Non-Linear Size	34 Energy Equipment and Services Oil Gas and Consumable Fuels Chemicals Construction Containers Paper Aluminum Diversified Metals Gold and Precious Metals Steel Capital Goods Commercial and Professional Services Transportation Non-Airline Airlines Automobiles and Components Consumer Durables and Apparel Hotels Restaurants and Leisure Media Retailing Food and Staples Retailing Food Beverage and Tobacco Household and Personal Products Health Care Equipment and Services Biotechnology Pharmaceuticals and Life Sciences Banks Diversified Financials Insurance Real Estate Internet Software and Services IT Services and Software Communications Equipment Computers Electronics Semiconductors Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	70,000+	MSCI All Country World Investable Market Index (ACWI IMI) Frontier markets added through MSCI Frontier Market Index, stand-alone MSCI country indices, and further non-index assets	Jan-97ac Jan-03	Industry factors based on Global Industry Classification Standard (GICS®) Additional Frontier Markets covering 22 new countries and currencies
Global Short-Term	GQ	GEM3S	11 Beta Momentum Size Earnings Yield Residual Volatility Growth Dividend Yield Book-to-Price Leverage Liquidity Non-Linear Size	34 Energy Equipment and Services Oil Gas and Consumable Fuels Chemicals Construction Containers Paper Aluminum Diversified Metals Gold and Precious Metals Steel Capital Goods Commercial and Professional Services Transportation Non-Airline Airlines Automobiles and Components Consumer Durables and Apparel Hotels Restaurants and Leisure Media Retailing Food and Staples Retailing Food Beverage and Tobacco Household and Personal Products Health Care Equipment and Services Biotechnology Pharmaceuticals and Life Sciences Banks Diversified Financials Insurance Real Estate Internet Software and Services IT Services and Software Communications Equipment Computers Electronics Semiconductors Telecommunication Services Utilities	Aegis Barra Portfolio Manager Models Direct	70,000+	MSCI All Country World Investable Market Index (ACWI IMI) Frontier markets added through MSCI Frontier Market Index, stand-alone MSCI country indices, and further non-index assets	Jan-97ac Jan-03	Industry factors based on Global Industry Classification Standard (GICS®) Additional Frontier Markets covering 22 new countries and currencies
Hong Kong	HK	HKE1	10 Size Yield Book To Price Earnings To Price Liquidity Success Variability In Markets SAP500 Sensitivity Redchip Hang Seng	13 Finance and Banking Properties Diversified Holdings Co Utilities China Enterprises Transport and Storage Consumer Goods/Services Applicances and Electric Textiles Industrial Hotels and Leisure Media and Telecommunications Construction	Aegis BarraOne Barra Portfolio Manager TotalRisk BIMe Models Direct Models Direct	1,376	Hong Kong Stock Exchange Common stocks listed on Hong Kong Stock Exchange, excluding preferred stocks, Growth Enterprise stocks, certain cross-listed securities	Jan-97a Nov-96c Oct-97b Jan-03i	Exp. matrix(48)d
Hungary		HUE1	4 Size Momentum Market Sensitivity Volatility	4 Energy Materials Consumer Goods Miscellaneous	BarraOne TotalRisk BIMe Models Direct	59	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d
India		INE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	26 Energy Sources Utilities-Electrical and Gas Building Materials and Components Chemicals Forestry and Paper Products Metals-Steel Construction and Housing Electrical and Electronics Electronic Components and Instruments Industrial Components Machinery and Engineering Appliances and Household Durables Automobiles Beverages and Tobacco Food and Household Products Health and Personal Care Textiles and Apparel Broadcasting and Publishing Business and Public Services Leisure and Tourism Telecommunications Transportation-Shipping Banking Financial Services Multi-Industry Miscellaneous	BarraOne Barra Portfolio Manager TotalRisk BIMe Models Direct	1,993	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d
Indonesia	ID	IDE1	10 Liquidity Size Variability In Markets Yield Debt To Equity LQ45 Membership Exchange Rate Sensitivity Foreign Ownership Success Value	21 Banking Finance Insurance Transport and Utilities Properties Construction Glass and Ceramics Textiles Trading Co Hotel and Tourism Agriculture Non Live Agriculture Livestock Forestry Automobile Mining Metal and Allied Product Chemicals Electronics/Electrical Consumer Goods Consumer Services Machinery	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct	339	Jakarta Stock Exchange Common stocks listed on Jakarta Stock Exchange, excluding preferred stocks	May-99ac Oct-97b	Exp. matrix(48)d
Israel		ILE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	13 Energy Sources Chemicals Electrical and Electronics Electronic Components and Instruments Industrial Components Health and Personal Care Textiles and Apparel Business and Public Services Merchandising Telecommunications Banking Insurance Miscellaneous	BarraOne TotalRisk BIMe Models Direct	701	Tel Aviv Stock Exchange Common stocks listed on Tel Aviv Stock Exchange, excluding foreign assets	Dec-97b	Exp. matrix(36)d
Japan	J3	JPE3	12 Volatility Size Momentum Trading Activity Value Interest Rate Sensitivity Growth Financial Leverage Foreign Sensitivity Membership in NK225 Membership in TSE2 Non-Membership in TSE	41 Chemicals Pulp and Paper Metals Glass Energy Industrial Parts Factory Equipment Precision Equipment Plant Machinery and Engineering Special Vehicles Automobiles and Parts Electronic Parts Semiconductor and Equipment Computers and Telecommunications Equipment Office and Home Electronics Miscellaneous Electrical Goods Drugs Food and Beverage Household and Cosmetics Fiber and Apparel Miscellaneous Consumer Products Games Consumer Services Broadcasting Media Telecommunications Department Stores/GMS/Super Markets Specialty Retailers Trading Houses Business Outsourcing Services Software Systems Passenger Transportation Services Goods and Materials Logistics Infrastructure Construction Housing and Building Real Estate Banks Regional Banks Consumer and Business Loans Securities Insurance Electricity and Gas Utilities	Aegis BarraOne TotalRisk BIMe Models Direct Models Direct	3,726	TSE1	Jan-85ac Oct-97b	Daily price/share updatesh Exp. matrix(60)d DEWIV model for market riskf Multiple industry allocation
Japan Long-Term		JPE3L	12 Volatility Size Momentum Trading Activity Value Interest Rate Sensitivity Growth Financial Leverage Foreign Sensitivity Membership in NK225 Membership in TSE2 Non-Membership in TSE	41 Chemicals Pulp and Paper Metals Glass Energy Industrial Parts Factory Equipment Precision Equipment Plant Machinery and Engineering Special Vehicles Automobiles and Parts Electronic Parts Semiconductor and Equipment Computers and Telecommunications Equipment Office and Home Electronics Miscellaneous Electrical Goods Drugs Food and Beverage Household and Cosmetics Fiber and Apparel Miscellaneous Consumer Products Games Consumer Services Broadcasting Media Telecommunications Department Stores/GMS/Super Markets Specialty Retailers Trading Houses Business Outsourcing Services Software Systems Passenger Transportation Services Goods and Materials Logistics Infrastructure Construction Housing and Building Real Estate Banks Regional Banks Consumer and Business Loans Securities Insurance Electricity and Gas Utilities	Aegis Barra Portfolio Manager	3,726	TSE1	Jan-03i	Daily price/share updatesh Exp. matrix(60)d DEWIV model for market riskf Multiple industry allocation
Japan Short-Term	JS	JPE3S	12 See JPE3	41 See JPE3	Aegis Barra Portfolio Manager Models Direct	3,726	TSE1	Jan-85ac Oct-97b Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 90 days for variances and 480 days for correlationsd Multiple industry allocation
Jordan		JOE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	6 Building Materials and Components Metals-Steel Leisure and Tourism Banking Multi-Industry Miscellaneous	BarraOne TotalRisk BIMe Models Direct	127	Amman Stock Exchange Common stocks listed on Amman Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(12)d
Korea	K2	KRE2	12 Size Volatility Trading activity Momentum Financial Leverage Value Interest Rate Sensitivity Labor Intensity Growth Export Revenue Foreign Sensitivity Non-Estimation Universe Indicator	24 Food, Beverage, and Tobacco Textile, Apparel & Consumer Durables Construction & Real Estate Property Wholesale & Retailing Media, Publishing & Printing Hotels, Restaurant, Leisure & Entertainment Drugs Medical Equipment & Technology Paper & Wood Chemical & Rubber Manufacturing Mineral Products & Mining Metals & Metal Products Manufacturing of Machinery & Other Capital Goods Transportation Equipment Transportation Commercial Services Utilities Telecommunication Electronic Equipment Information Management & Services Banks Short-term Financing Insurance Securities	Aegis BarraOne Barra Portfolio Manager TotalRisk BIMe Models Direct Models Direct	1,870	KOSPI plus large-cap KOSDAQ  All KOSPI assets plus large capitalization KOSDAQ assets	Feb-90a Feb-86c Oct-97b Jan-03i	Exp. matrix(48)d
Kuwait		KWE1	3 Size Momentum Volatility	5 Material Bank and Insurance Real Estate Financials Miscellaneous	BarraOne BIMe Models Direct	155	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Feb-07
Malaysia	ML	MLE1	10 Value Size Success Financial Leverage Yield Wmkt Sensitivity Variability In Markets Board Growth Liquidity	14 Agribusiness/Resource Automobile Gaming/Hotel/Leisure Construction Diversified/Holdings Financial Manufacturing/Industr Property Telecommunications/IT Energy/Power Trading Services Transportation Consumer Products Unit Trust	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct	901	Kuala Lumpur Stock Exchange Common stocks listed on Kuala Lumpur Stock Exchange, excluding foreign assets	Jan-95a May-98c Oct-97b	Equally-weighted covariance
Mexico	MX	MXE1	9 Volatility Momentum Size Trading Activity Value Leverage Foreign Currency Sensitivity Size Nonlinearity Non-Estimation Universe	17 Mining And Steel Paper And Pulp Chemical Food And Beverages Retail Autoparts Apparel Specialized Retail Department Stores Construction/Construction Materials Media And Entertainment Hotels Restaurants Services Heavy Machinery Transportation Telecommunications Finance Other Industries	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct Models Direct	173	IPC plus Assets in Indice de Precios y Cotizaciones (IPC) plus largest 100 companies and additional assets to fill thin sectors. Illiquid assets or assets without sufficient fundamental data excluded. Turnover limited by grandfathering rules.	Jan-95a Oct-97b	Daily price/share updatesh Exp. matrix(36)d Multiple industry allocation
Morocco		MOE1	6 Size Yield Momentum Market Sensitivity Volatility Value	2 Food Industry/Agricultural Products Miscellaneous	BarraOne TotalRisk BIMe Models Direct	50	Casablanca Stock Exchange Common stocks listed on Casablanca Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
New Zealand	NZ	NZE1	5 Variability In Markets Success Size Value Trading Activity	6 Energy Goods Investment Primary Property Services	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct	167	NZSX 50 NZSX 50 members, plus additional assets that meet capitalization and liquidity requirements	Jun-97a Oct-97b	Exp. matrix(60)d GARCHe
Nigeria		NGE1	5 Yield Momentum Market Sensitivity Volatility Value	5 Banking Conglomerates Food/Beverages/Tobacco Petroleum(Marketing) Miscellaneous	BarraOne TotalRisk BIMe Models Direct	161	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d
Oman		OME1	6 Size Yield Momentum Market Sensitivity Volatility Value	5 Commercial and Other Banks Diversified Holding Cos Beverage and Tobacco Construction and Building Miscellaneous	BarraOne TotalRisk BIMe Models Direct	127	Muscat Stock Exchange Common stocks listed on Muscat Stock Exchange, excluding foreign assets	Feb-00b	Exp. matrix(36)d
Pakistan		PKE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	11 Investment/Securities Companies/Banks Textile Composite Synthetic and Rayon Cement Fuel and Energy Auto and Allied Electrical Transport and Communications Chemical and Pharmaceutical Paper and Board Food and Allied Miscellaneous	BarraOne TotalRisk BIMe Models Direct	746	Karachi Stock Exchange Common stocks listed on Karachi Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Peru		PEE1	6 Index Flag Size Yield Momentum Market Sensitivity Volatility	8 Banks Public Services Food Products Excluding Drinks Drinks Industry Other Mineral Non-Metal Products Production Of Silver and Gold Production Of Silver/Lead/Zinc Miscellaneous	BarraOne TotalRisk BIMe Models Direct	210	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d
Philippines		PHE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	19 Commercial and Other Banks Real Estate(Excluding Reits) Diversified Holding Cos International Crude Oil and Petrol Products Electric and Gas Utilities and Telephone Transportation and Storage Textiles and Wearing Apparel Beverage and Tobacco Food and Grocery Products Media Business Services/Computer Software/Services Retail Trade Wholesale Trade Diversified Cons Goods/Svcs Computers/Telecommunications/Office Equip Construction and Building Mining/Metals and Minerals Precious Metals and Minerals Miscellaneous	BarraOne TotalRisk BIMe Models Direct	278	Manila Stock Exchange Common stocks listed on Manila Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Poland		PLE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	7 Materials Capital Equipment Consumer Goods Services Finance Multi-Industry Miscellaneous	BarraOne TotalRisk BIMe Models Direct	216	Warsaw Stock Exchange Common stocks listed on Warsaw Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Qatar		QAE1	3 Size Momentum Volatility	2 Financials Miscellaneous	BarraOne BIMe Models Direct	37	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Feb-07
Russia		RUE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	7 Commercial and Other Banks International Crude Oil/Petrol Products Electric/Gas Utilities/Telephone Computers/Telecommunications/Office Equipment Machinery and Engineering Services Fabricated Metal/Container Products Miscellaneous	BarraOne TotalRisk BIMe Models Direct	260	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d
Saudi Arabia		SUE1	6 Index Flag Size Yield Momentum Volatility Value	5 Banks Cement Industry Services Miscellaneous	BarraOne TotalRisk BIMe Models Direct	67	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Nov-98b	Exp. matrix(36)d
Singapore	SG	SGE1	9 Volatility Momentum Size Value Liquidity Yield Risk Index Foreign Exposure STIC SESDAQ	18 Banks Finance Investment Co and Unit Trusts Properties Hotels and Restaurants Construction Multi-Industry Services Infrastructure Wholesale Retail Food and Beverages Electronics and Electrical Chemicals Printing and Publishing Other Manufacturing Machinery and Equipment Metal Products	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct Models Direct	534	Singapore Stock Exchange Common stocks listed on Singapore Stock Exchange, excluding preferred stocks	Oct-98a Sep-99c Oct-97b	Exp. matrix(48)d GARCHe
Slovakia		SKE1	5 Size Yield Momentum Market Sensitivity Volatility	4 Financial Capital Goods Basic Industries Miscellaneous	BarraOne TotalRisk BIMe Models Direct	27	Full universe All assets covered by the model, excluding foreign assets listed in the local market	Dec-97b	Exp. matrix(36)d
South Africa	S3	SAE3	12 Size Momentum Trading Activity Market Variability Foreign Exposure Yield Growth Value Financial Leverage Market Sensitivity Primary Foreign Listing Alt-X	40 Coal Gold Mining Real Estate Mining Finance Diamond Other Mineral Extractors & Mines Oil & Gas Chemicals Construction & Building Materials Forestry & Paper Steel & Other Metals Aerospace & Defense Diversified Industrials Electronic & Electrical Equipment Engineering & Machinery Automobiles & Parts Household Goods & Textiles Beverages Food Producers & Processors Health Personal Care & Household Products Pharmaceuticals & Biotechnology Tobacco General Retailers Leisure & Hotels Media & Entertainment Support Services Transport Food & Drug Retailers Telecommunication Services Electricity Utilities Other Banks Insurance Life Assurance Real Estate Specialty & Other Finance Information Technology Hardware Software & Computer Services Investment Trusts	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct Models Direct	438	Full universe Full universe excluding venture capital, development capital, 'N' shares, pyramid companies, and investment trusts	Jan-97ac Oct-97b	Daily price/share updatesh Exp matrix(48) DEWIV model for market riskf
Sri Lanka		LKE1	5 Size Momentum Market Sensitivity Volatility Value	6 Banks/Finance/Insurance Beverage/Food/Tobacco Hotels and Travel Oil Palm Plantations Miscellaneous	BarraOne TotalRisk BIMe Models Direct	250	Colombo Stock Exchange Most common stocks listed on Colombo Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Switzerland	SW	SWE2	8 Size Success Yield Volatility Earnings Variation Growth Leverage Value	12 Banks Insurance Transportation Department Stores Other Services Machinery Utilities Chemicals and Pharmaceuticals Food and Beverages Electronics Building and Construction Miscellaneous	Aegis Models Direct	308	Full universe All assets covered by the model	Jul-89a Sep-95c	Exp. matrix(90)d
Taiwan	TW	TWE1	10 Variability In Markets Success Size Earnings Variability Financial Leverage Foreign Exposure Growth Value Yield Liquidity	25 Cement Food Petrochemicals and Plastics Textiles Machinery Appliances and Electricals Cable and Wire Chemicals Glass Paper and Pulp Steel Rubber and Tires Automobiles Electronics Construction Transport Hotels and Tourism Banks Other Financial Retail Utilities Diversified Industries Stock Brokerage Health Care Other	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct Models Direct	1,076	Taiwan Stock Exchange Most stocks listed on the Taiwan Stock Exchange, excluding preferred stocks, over-the-counter (OTC) stocks	Jan-95a Jul-94c Oct-97b	Exp. matrix(36)d GARCHe
Thailand	TH	THE1	9 Variability In Markets Growth Size Earnings Variability Financial Leverage Value Yield Liquidity Family-Owned	32 Trust/Warrant/Prefer Agribusiness Banking Building/Furnishing Chemicals/Plastics Commerce Communication Electrical/Computer Electronic Components Energy Entertainment/Recreation Finance/Securities Foods/Beverages Health Care Services Hotels/Travel Services Household Goods Insurance Investment Companies Jewelry/Ornaments Machinery/Equipment Mining Packaging Pharmaceutical/Cosmetics Printing/Publishing Professional Services Property Development Pulp and Paper Textiles/Clothing/Footwear Transportation Vehicles/Parts Warehouse/Silo Others	Aegis Barra Portfolio Manager BarraOne TotalRisk BIMe Models Direct Models Direct	1,186	SET Most common stocks listed on the Stock Exchange of Thailand (SET), excluding preferred stocks, foreign stocks	Jan-95a Nov-96c Oct-97b	Exp. matrix(36)d GARCHe
Turkey		TRE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	21 Commercial and Other Banks Financial Institutions and Services Diversified Holding Cos International Crude Oil and Petrol Products Electric/Gas Utilities/Telephone Automobiles Household Durables and Appliances Textiles and Wearing Apparel Food and Grocery Products Entertainment/Leisure/Toys Media Retail Trade Diversified Cons Goods/Svcs Electrical Equipment Electronics/Instrument Control Equipment Auto Components Construction and Building Chemicals Forestry and Paper Products Fabricated Metal/Container Products Miscellaneous	BarraOne TotalRisk BIMe Models Direct	297	Istanbul Stock Exchange Most common stocks listed on Istanbul Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
UAE		AEE1	3 Size Momentum Volatility	2 Financials Miscellaneous	BarraOne BIMe Models Direct	71	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Feb-07
UK Long-Term	UG	UKE7L	11 Size Momentum Volatility Trading Activity Financial Leverage Value Yield Foreign Sensitivity Growth Midcap Indicator Non-Estimation Universe Flag	43 Investment Trusts Energy Equipment & Services Oil & Gas Chemicals Construction Materials Forestry, Paper & Packaging Metals & Mining ex Steel Steel Aerospace & Defence Building Products Construction & Engineering Electrical Equipment Industrial Conglomerates Machinery Commercial Services & Supplies Transportation Automobiles & Components Household Durables and Appliances Leisure Equipment & Products Textiles, Apparel & Luxury Goods Hotels, Restaurants & Leisure Media Retailing Food & Staples Retailing Beverages Food, Household & Personal Products Tobacco Health Care Equipment & Services Pharmaceuticals & Biotechnology Banks Diversified Financial Services Consumer Finance Non-Life Insurance Life & Health Insurance Real Estate Software & Services Technology Hardware & Equipment Semiconductors & Semiconductor Equipment Diversified Telecommunication Services Wireless Telecommunication Services Electric Utilities Gas & Multi-Utilities Water Utilities	Aegis BarraOne Barra Portfolio Manager Models Direct	2,422	UKE7 Estimation Universe Largest 550 UK companies (non-investment trust) and the 110 largest investment trusts	Jan-86a Jan-81c Oct-97b Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 250 days for variances and 480 days for correlationsd
UK Short-Term	UH	UKE7S	11 Size Momentum Volatility Trading Activity Financial Leverage Value Yield Foreign Sensitivity Growth Midcap Indicator Non-Estimation Universe Flag	43 Investment Trusts Energy Equipment & Services Oil & Gas Chemicals Construction Materials Forestry, Paper & Packaging Metals & Mining ex Steel Steel Aerospace & Defence Building Products Construction & Engineering Electrical Equipment Industrial Conglomerates Machinery Commercial Services & Supplies Transportation Automobiles & Components Household Durables and Appliances Leisure Equipment & Products Textiles, Apparel & Luxury Goods Hotels, Restaurants & Leisure Media Retailing Food & Staples Retailing Beverages Food, Household & Personal Products Tobacco Health Care Equipment & Services Pharmaceuticals & Biotechnology Banks Diversified Financial Services Consumer Finance Non-Life Insurance Life & Health Insurance Real Estate Software & Services Technology Hardware & Equipment Semiconductors & Semiconductor Equipment Diversified Telecommunication Services Wireless Telecommunication Services Electric Utilities Gas & Multi-Utilities Water Utilities	Aegis Barra Portfolio Manager Models Direct	2,422	UKE7 Estimation Universe Largest 550 UK companies (non-investment trust) and the 110 largest investment trusts	Jan-86a Jan-81c Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 90 days for variances and 180 days for correlationsd
UK Trading	UN	UKE7t	11 Size Momentum Volatility Trading Activity Financial Leverage Value Yield Foreign Sensitivity Growth Midcap Indicator Non-Estimation Universe Flag	43 See UKE7 Energy Equipment & Services Oil & Gas Chemicals Construction Materials Forestry, Paper & Packaging Metals & Mining ex Steel Steel Aerospace & Defence Building Products Construction & Engineering Electrical Equipment Industrial Conglomerates Machinery Commercial Services & Supplies Transportation Automobiles & Components Household Durables and Appliances Leisure Equipment & Products Textiles, Apparel & Luxury Goods Hotels, Restaurants & Leisure Media Retailing Food & Staples Retailing Beverages Food, Household & Personal Products Tobacco Health Care Equipment & Services Pharmaceuticals & Biotechnology Banks Diversified Financial Services Consumer Finance Non-Life Insurance Life & Health Insurance Real Estate Software & Services Technology Hardware & Equipment Semiconductors & Semiconductor Equipment Diversified Telecommunication Services Wireless Telecommunication Services Electric Utilities Gas & Multi-Utilities Water Utilities	Aegis Models Direct	2,458	see UKE7	Nov-02ac	Daily covariance matrix and price/share updates Exp. matrix(48)d Daily GARCHe
US	UP UQ	USE4L USE4S	12 Growth Size Non-Linearity Size Dividend Yield Book-to-Price Earnings Yield Beta Residual Volatility Non Linear Beta Momentum Leverage Liquidity	60 Oil and Gas Drilling Oil and Gas Equipment and Services Oil and Gas Exploration and Production Oil Gas and Consumable Fuels Chemicals Specialty Chemicals Construction Materials Containers and Packaging Paper and Forest Products Aluminum Steel Precious Metals Gold Mining Aerospace and Defense Construction and Farm Machinery Industrial Machinery Building Products Trading Companies and Distributors Construction and Engineering Electrical Equipment Industrial Conglomerates Commercial and Professional Services Airlines Transportation Air Freight and Marine Road and Rail Automobiles and Components Household Durables (non-Homebuilding) Homebuilding Leisure Products Textiles Apparel and Luxury Hotels Leisure and Consumer Services Restaurants Media Distributors Multiline Retail Internet and Catalog Retail Apparel and Textiles Specialty Stores Specialty Retail Household and Personal Products Food and Staples Retailing Food Products Beverages Tobacco Health Care Equipment and Technology Managed Health Care Health Care Providers (non-HMO) Biotechnology Life Sciences Pharmaceuticals Banks Diversified Financials Life Health and Multi-line Insurance Insurance Brokers and Reinsurance Real Estate Semiconductor Equipment Semiconductors Internet Software and IT Services Software Communications Equipment Computers Electronics Diversified Telecommunication Services Wireless Telecommunication Services Electric Utilities Gas Utilities Multi-Utilities Water Utilities Power	Models Direct Aegis	12,600	MSCI USA IMI	Jul-95ac	GICS®-based industries Daily risk updates Time series, structural, and hybrid specific risk model Country factor separates market vs. industry effects
US Long-Term	UB	USE3L	13 Volatility Momentum Size Size Non-Linearity Trading Activity Growth Earnings Yield Value Earnings Variation Leverage Currency Sensitivity Yield Non-Est Universe	55 Mining and Metals Gold Forestry And Paper Chemicals Energy Reserves Oil Refining Oil Services Food and Beverages Alcohol Tobacco Home Products Grocery Stores Consumer Durables Motor Vehicles and Parts Apparel and Textiles Clothing Stores Specialty Retail Department Stores Construction and Real Prop Publishing Media Hotels Restaurants Entertainment Leisure Environmental Services Heavy Electrical Equipment Heavy Machinery Industrial Parts Electric Utility Gas Utilities Railroads Airlines Truck/Sea/Air Freight Medical Services Medical Products Drugs Electronic Equipment Semiconductors Computer Hardware Computer Software Defense and Aerospace Telephone Wireless Telecommunications Information Services Industrial Services Life/Health Insurance Property/Casualty Ins Banks Thrifts Securities and Asset Management Financial Services Internet Equity Reit BioTechnology	Aegis BarraOne Barra Portfolio Manager TotalRisk BIMe Models Direct Models Direct	9,371	Largest 1500 US stocks Largest 1500 US stocks, plus smaller stocks as required for thin industries. Stocks with price less than 5 dollars excluded; S&P 500 members always included. Recent fundamental data must be available. Turnover limited by grandfathering rules.	Jan-73ac Oct-97b Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 250 days for variances and 750 days for correlationsd Linked specific riskg Multiple industry allocation
US Short-Term	UA	USE3S	13 See USE3L	55 See USE3L	Aegis Barra Portfolio Manager Models Direct	9,371	See USE3L	Jan-98a Jan-73c Jan-03i	Daily price/share updatesh Exp. covariance matrix with half-life of 90 days for variances and 480 days for correlationsd Linked specific riskg Multiple industry allocation
US Smallcap	SM	USSC	11 Volatility Momentum Size Trading Activity Growth Earnings Yield Value Stability Yield Largecap Low Price	55 See USE3L	Aegis Models Direct	11,722	Smallcap universe Stocks ranked 1001 to 3000 by capt plus smaller stocks as needed for industry depth. Frank Russell 2000 members are always included. Balance sheet items must be available. Additional rules to limit turnover.	Jun-81a Jan-79c	Daily price/share updatesh Exp. matrix(90)d Linked specific riskg Multiple industry allocation GARCHe
US Trading		USTM2	6 Size Size Non-Linearity Short-term Momentum Long-term Momentum Volatility Market Sensitivity	55 See USE3L	Aegis Models Direct	10,500	See USE3L	Jan-05ac	Daily covariance matrix and price/share updates Exp. matrix(90 days)d Multiple industry allocation GARCH parameters re-estimated monthlye
Venezuela		VEE1	7 Index Flag Size Yield Momentum Market Sensitivity Volatility Value	6 Commercial Banking Investment Food and Drinks Construction Manufacturing Miscellaneous	BarraOne TotalRisk BIMe Models Direct	74	Caracas Stock Exchange Most common stocks listed on Caracas Stock Exchange, excluding foreign assets	Oct-97b	Exp. matrix(36)d
Zimbabwe		ZWE1	5 Size Yield Market Sensitivity Volatility Value	2 Mining/Metals and Minerals Miscellaneous	BarraOne TotalRisk BIMe Models Direct	41	Full universe All assets covered by the model, excluding foreign assets listed on the local market	Oct-97b	Exp. matrix(36)d

Notes:

1. Aegis data
2. BIMe Models Direct (BIMe text file data)
3. Models Direct (traditional text file data)
4. Exponentially-weighted covariance matrix with half-life (months) in parentheses. Recent observations are weighted more heavily than distant observations.
5. GARCH model for market risk. Covariance matrix is scaled to yield GARCH forecast.
6. Daily Exponentially Weighted Index Variance. Covariance matrix is scaled to yield DEWIV forecast.
7. Linked specific risk is a feature whereby related assets (for example, class A and B shares of a company or an ADR and its underlying asset) are recognized and treated as highly correlated. Check product documentation for availability.
8. Check product documentation for availability of daily price, share, and covariance matrix updates.
9. Barra Portfolio Manager Data
10. Exponentially-weighted covariance matrix with half-life (days) in parentheses. Recent observations are weighted more heavily than distant observations.