As of June 30, 2010% of PortfolioCumulative % of Portfolio

US Large Company Portfolio
 Exxon Mobil Corp3.13.1
 Apple Inc2.55.6
 Microsoft Corp1.97.5
 Procter & Gamble Co/The1.99.3
 Johnson & Johnson1.711.1
 Intl Business Machines Co1.712.8
 General Electric Co1.714.4
 Jpmorgan Chase & Co1.616
 Bank Of America Corp1.517.5
 At&T Inc1.519.1

US Large Cap Value Portfolio
 Conocophillips3.83.8
 At&T Inc3.67.4
 General Electric Co3.611
 Bank Of America Corp3.514.6
 Comcast Corp-Class A3.418
 Union Pacific Corp2.620.6
 Time Warner Inc2.422.9
 Metlife Inc2.325.2
 Cvs Caremark Corp2.227.5
 Travelers Cos Inc/The2.129.6

US Small Cap Portfolio
 Polaris Industries Inc0.20.2
 Ev3 Inc0.20.4
 Adtran Inc0.20.7
 Tibco Software Inc0.20.9
 Ual Corp0.21.1
 Loral Space & Communicati0.21.3
 Mariner Energy Inc0.21.4
 Quest Software Inc0.21.6
 Deckers Outdoor Corp0.21.8
 Alaska Air Group Inc0.22

US Targeted Value Portfolio
 Whirlpool Corp0.50.5
 Tech Data Corp0.50.9
 Assurant Inc0.51.4
 Pioneer Natural Resources0.41.9
 Sunoco Inc0.42.2
 Webster Financial Corp0.42.6
 Iac/Interactivecorp0.42.9
 Renaissancere Holdings Lt0.43.3
 Sandisk Corp0.43.7
 Genworth Financial Inc-Cl0.44

Real Estate Securities Portfolio
 Simon Property Group Inc9.69.6
 Public Storage6.115.7
 Vornado Realty Trust5.421.2
 Equity Residential4.826
 Boston Properties Inc430
 Hcp Inc3.933.9
 Host Hotels & Resorts Inc3.637.5
 Avalonbay Communities Inc3.240.6
 Ventas Inc343.6
 Kimco Realty Corp2.245.9

Intl. Value Portfolio
 Vodafone Group Plc4.24.2
 Royal Dutch Shell Plc-Adr2.36.5
 Daimler Ag-Registered Sha1.98.4
 Credit Suisse Group Ag-Re1.610
 Koninklijke Philips Elect1.611.6
 Hsbc Holdings Plc-Spons A1.413
 Allianz Se-Adr1.314.3
 Zurich Financial Services1.215.5
 Banco Santander Sa1.216.7
 Deutsche Telekom Ag-Reg1.217.9

Intl. Small Co. Portfolio
 Aryzta Ag0.21.6
 Aggreko Plc0.21.8
 Clariant Ag-Reg0.22
 Bekaert Nv0.22.2
 Ssl International Plc0.22.4
 Arm Holdings Plc0.30.3
 Imi Plc0.30.6
 M-Real Oyj-B Shares0.30.8
 Intertek Group Plc0.31.1
 Tomkins Plc0.21.3

Intl. Small Cap Value Portfolio
 Meggitt Plc11
 Clariant Ag-Reg0.91.9
 Amlin Plc0.92.7
 Hiscox Ltd0.83.6
 Bilfinger Berger Ag0.84.4
 Aurubis Ag0.85.2
 Boliden Ab0.75.9
 Mondi Plc0.76.6
 Catlin Group Ltd0.77.3
 Tomkins Plc0.78

Emerging Markets Portfolio
 Samsung Electr-Gdr Regs3.83.8
 Petroleo Brasileiro S.A.-3.27
 America Movil Sab De C-Se2.79.8
 Reliance Industries Ltd2.312
 Taiwan Semiconductor Manu2.114.1
 Infosys Technologies Ltd216.1
 Itau Unibanco Hldng-Pref 1.817.9
 Vale Sa-Pref A1.819.7
 Sasol Ltd-Sponsored Adr1.721.4
 China Mobile Ltd-Spon Adr1.723.1

Emerging Markets Value Portfolio
 Gazprom Oao-Spon Adr3.23.2
 Reliance Industries Ltd1.95.1
 Bank Of China Ltd-H1.97
 Usinas Sider Minas Ger-Pf1.48.4
 Icici Bank Ltd-Spon Adr1.39.7
 Lukoil Oao-Spon Adr1.311
 Hyundai Motor Co1.212.2
 Gerdau S.A.1.213.4
 Posco1.114.6
 Shinhan Financial Group L1.115.7

Emerging Markets Small Cap Portfolio
 Tongaat Hulett Ltd0.60.6
 Grupo Continental S.A.B- 0.61.2
 Empresas Ica S.A. -Spons 0.61.8
 Is Yatirim Menkul Degerle0.62.4
 Semiconductor Manufacturi0.52.9
 Lojas Renner S.A.0.53.4
 Ultrapar Participacoes-Pr0.54
 Embotelladoras Arca Sab-N0.54.4
 Spar Group Limited/The0.54.9
 Eletropaulo Metropoli-Pre0.45.3

Tax-Mgd. US Equity Portfolio
 Exxon Mobil Corp2.72.7
 Apple Inc24.7
 Microsoft Corp1.76.4
 Procter & Gamble Co/The1.68
 Johnson & Johnson1.59.5
 Intl Business Machines Co1.410.9
 General Electric Co1.412.3
 Wal-Mart Stores Inc1.413.7
 Jpmorgan Chase & Co1.315
 At&T Inc1.316.2

Tax-Mgd. US Mktwd. Value Portfolio
 At&T Inc4.34.3
 Bank Of America Corp3.98.2
 Comcast Corp-Class A3.711.9
 Conocophillips3.515.5
 General Electric Co2.217.6
 Time Warner Inc1.919.6
 Cvs Caremark Corp1.721.3
 Union Pacific Corp1.723
 Time Warner Cable1.624.6
 Kraft Foods Inc-Class A1.626.2

Tax-Mgd. US Small Cap Portfolio
 Salix Pharmaceuticals Ltd0.50.5
 Americredit Corp0.30.8
 Skyworks Solutions Inc0.31.1
 Acme Packet Inc0.31.4
 Valassis Communications I0.21.6
 Nbty Inc0.21.9
 Jarden Corp0.22.1
 Phillips-Van Heusen0.22.3
 Jo-Ann Stores Inc0.22.6
 Cirrus Logic Inc0.22.8

Tax-Mgd. US Targeted Value Portfolio
 Cimarex Energy Co11
 Sandisk Corp0.91.9
 Liberty Media Corp-Cap Se0.82.7
 Whiting Petroleum Corp0.73.4
 Whirlpool Corp0.64
 Ryder System Inc0.64.6
 Del Monte Foods Co0.65.1
 Comerica Inc0.55.7
 Dillards Inc-Cl A0.56.2
 Iac/Interactivecorp0.56.7

Tax-Mgd. Intl. Value Portfolio
 Vodafone Group Plc4.54.5
 Royal Dutch Shell Plc-Adr3.37.9
 Zurich Financial Services1.89.7
 Allianz Se-Adr1.711.4
 Daimler Ag-Registered Sha1.713.1
 Koninklijke Philips Elect1.614.7
 Wesfarmers Ltd1.416.1
 Axa -Spons Adr1.417.5
 Hsbc Holdings Plc-Spons A1.318.7
 Deutsche Telekom Ag-Reg1.320
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