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Separate Accounts
Mutual Funds

As of September 30, 2008, here are the Emerging Markets Portfolio Regional Weightings.

Regional Weightings
Region  

HLEMX

      Benchmark*

  +/- Benchmark

Other     

 

21.5%

13.4%

  8.1%
CASH  

5.4%

0.0%

  5.4%
India  

8.5%

6.7%

  1.8%
Israel  

3.6%

2.9%

  0.7%
South Africa  

7.5%

7.5%

  0.0%
Malaysia  

2.4%

2.6%

  -0.2%
Mexico  

5.2%

5.5%

  -0.3%
Russia  

7.6%

8.2%

  -0.6%
Brazil  

12.7%

15.2%

  -2.5%
Taiwan  

6.7%

10.4%

  -3.7%
South Korea  

9.1%

13.2%

  -4.1%
China/Hong Kong  

9.8%

14.4%

  -4.6%

*MSCI Emerging Markets Index