PHLX Defense Sector(SM) DFX
Index
Date Divisor Reason for Change Shares
1/22/2008 473.1531 January Quarterly Rebalancing
12/21/2007 437.2662 Deletion: EDO Corporation (EDO)
Addition:  Flir Systems, Inc. (FLIR) 328
10/22/2007 437.1523 October Quarterly Rebalancing
7/23/2007 455.5556 July Quarterly Rebalancing
4/23/2007 496.2213 April Quarterly Rebalancing
1/22/2007 521.2689 January Quarterly Rebalancing
10/23/2006 549.5796 October Quarterly Rebalancing
7/24/2006 592.6814 July Quarterly Rebalancing
7/3/2006 Name Change: ITT Industries becomes ITT Corporation
4/24/2006 532.7099 April Quarterly Rebalancing
3/27/2006 General Dynamics (GD) - 2 for 1 stock split 174
2/22/2006 598.7044 ITT Industries, Inc. (ITT) 2 for 1 stock split 194
2/7/2006 598.7043 Addition:  Rockwell Collins, Inc. (COL) 200
1/23/2006 599.3392 January Quarterly Rebalancing
10/24/2005 611.2534 October Quarterly Rebalancing
7/18/2005 614.6444 July Quarterly Rebalancing
6/13/2005 United Technologies Corp. (UTX) - 2 for 1 stock split 206
4/18/2005 671.1112 April Quarterly Rebalancing
1/24/2005 696.4539 January Quarterly Rebalancing
10/18/2004 752.5716 October Quarterly Rebalancing
7/19/2004 769.0910 July Quarterly Rebalancing
6/22/2004 Northrop Grumman (NOC) 2-1 stock split 198
4/19/2004 825.5381 April Quarterly Rebalancing
1/20/2004 818.3589 January Quarterly Rebalacing
11/3/2003 962.0606 Engineered Support Systems, Inc. (ESAI) 3-2 Stock Split 233
10/20/2003 961.9360 October Quarterly Rebalancing
7/21/2003 1,013.6082 July Quarterly Rebalancing
4/21/2003 1,176.3866 April Quarterly Rebalancing
1/21/2003 1,076.5364 January Quarterly Rebalancing
11/1/2002 1,097.5218 Engineered Support Systems, Inc. (EASI) 311
10/21/2002 1,097.4191 October Quarterly Rebalancing
7/22/2002 1,034.8548 July Quarterly Rebalancing
6/11/2002 865.6452 Alliant Techsystems, Inc. (ATK) 3-2 Stock Split 147
5/21/2002 865.6452 L3 Communications, Inc. (LLL) 2-1 Stock Split 164
4/29/2002 865.6452 DRS Technologies, Inc. (DRS) is delisted from the AMEX and begins
trading on the New York Stock Exchange (NYSE)
4/22/2002 865.6452 April Quarterly Rebalancing
3/1/2002 1,060.3420 Embraer Emp. Brasileira de Aero (ERJ) has a 14% stock dividend 547
1/22/2002 1,060.3420 January Quarterly Rebalancing
Deletion: Newport News Shipbuilding (NNS) - acquired by NOC
11/19/2001 1,130.9585 DFX starts trading at a value of 150