David Warren

NGFI sponsors five ETFs: the NASDAQ-100 Index Tracking Stock and the BLDRS Index Funds Trust, which consists of four separate ETFs designed to correspond to the price and yield performance of four of The Bank of New York American Depository Receipt Indexes. They focus domestically and globally. The NASDAQ-100 Index launched in January 1985. The NASDAQ-100 Index Tracking Stock represents ownership in the NASDAQ-100 Trust. The Trust holds a portfolio of equity securities that compose the NASDAQ-100. The Trustee for the NASDAQ-100 Trust is required to adjust the composition of the Trust within three business days of the effective date of a change to the composition of the NASDAQ-100 Index. The NASDAQ-100 Index Tracking Stock is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. An investor cannot invest directly in the Index. Index performance does not reflect the fees and expenses associated with investing in the NASDAQ-100 Index Tracking Stock. The BLDRS Asia 50 ADR Index Fund, a unit investment trust, seeks investment results that generally correspond to the price and yield performance, before fees and expenses, of The Bank of New York Asia 50 ADR Index, a capitalization-weighted index designed to track the performance of a basket of Asian market-based Depositary Receipts. The BLDRS Developed Markets 100 ADR Index Fund, a unit investment trust, seeks investment results that generally correspond to the price and yield performance, before fees and expenses, of The Bank of New York Developed Markets 100 ADR Index, a capitalization-weighted index designed to track the performance of a basket of developed market-based Depositary Receipts. The BLDRS Emerging Markets 50 ADR Index Fund, a unit investment trust, seeks investment results that generally correspond to the price and yield performance, before fees and expenses, of The Bank of New York Emerging Markets 50 ADR Index, a capitalization-weighted index designed to track the performance of a basket of emerging market-based Depositary Receipts. The BLDRS Europe 100 ADR Index Fund, a unit investment trust, seeks investment results that generally correspond to the price and yield performance, before fees and expenses, of The Bank of New York Europe 100 ADR Index, a capitalization-weighted index designed to track the performance of a basket of European market-based Depositary Receipts.

Provides security and commodity brokerage, dealership, and exchange services

Provides financial markets infrastructure and data services

Oversees utilities

Provides brokerage services

Functions as a regional level government authority

Functions as a College/University

Operates clearing house which serves major exchanges and platforms

Operates as a stock exchange