Methodology

The Barron’s 400^SM measures the performance of a diversified group of U.S. companies that have been selected based in part on fundamentals-related rules-based criteria. The index is maintained by Dow Jones Indexes according to a methodology that selects components initially based on fundamentals-based rankings calculated by MarketGrader.com and then subjects such components to rules-based methodologies used with certain Dow Jones indexes.

INDEX UNIVERSE

The index universe, from which all component stocks are selected, is made up of all securities contained in the Dow Jones U.S. Total Stock Market Index^SM.

STOCK SELECTION

Stocks in the index universe are evaluated for inclusion in the Barron’s 400 as follows.

1. Stocks that have reported quarterly or annual results within the past six months are analyzed by MarketGrader to determine the strength of their fundamentals in four key areas: Growth, Value, Profitability and Cash Flow.
2. Stocks with the highest ratings based on the MarketGrader system are put on a selection list for possible inclusion in the index.
3. Stocks on the selection list are then screened by Dow Jones Indexes using the following rules-based criteria:
• No REITs (ICB sub-sector code 8737) are eligible for index selection.
• The number of selections in the same ICB Industry cannot exceed 20% of index (80 companies) for diversification.
• All selections must have a minimum three-month average daily trading dollar value of $2 million.
• All selections must have a minimum float-adjusted market cap of $250 million.
• At least 25% of all selections (100 companies) must have a total market cap of at least $3 billion.
4. The top 400 companies that pass all above screens are included in the index.

WEIGHTING

Components are equally weighted within the index.

REVIEW FREQUENCY

The index composition is reviewed semiannually, on the third Friday of March and September. In addition, the index is reviewed on an ongoing basis to account for corporate actions such as mergers or delistings.

HISTORICAL DATA AVAILABILITY

The Barron’s 400^SM index was launched in September 2007. Estimated daily historical closing prices based on back-testing (i.e., calculations of how the index might have performed in the past if it had existed) are available back to December 31, 1997, the date at which the base value of the index was set at 100. Backtested performance information is purely hypothetical and is solely for informational purposes. Backtested performance does not represent actual performance, and should not be interpreted as an indication of actual performance. Past performance is not indicative of future results.