Mutual Funds - Performance

Mutual fund prices and performance are listed by name and currency (EUR for Euros, and USD for U.S. dollars). Therefore, funds may have multiple listings. Recent performance and average annual total returns are calculated through month-end. All performance figures are net of expenses.

Note: It is expected that the final net asset value per share will be issued by 1:00 PM GMT (2:00 PM CET; 8:00 AM EST) on Trade Date + 1. Figures displayed earlier than 1:00 PM GMT are based on preliminary calculations and are subject to review and verification by J. P. Morgan Administration Services (Ireland) Limited, which is responsible for calculation of the net asset value per share. Accordingly, figures accessed before 1:00 PM GMT are subject to change. Net Asset Value pricing is not available on the following dates.

Prices & Performance

Money Market Funds
					Recent Performance			Average Annual Total Returns as of 11/2008
Fund / Currency	Price as of 02/01/2009	Price Change	Yield	Note	YTD as of 11/2008	1 Month as of 11/2008	3 Months as of 11/2008	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Prime Liquidity Inst USD	1.0000	0.0000	1.23%	C	2.19 %	0.12%	0.43%	2.54%	4.09%	3.23%	---	3.38%	06/05/1999
Bond Funds
					Recent Performance			Average Annual Total Returns as of 11/2008
Fund / Currency	Price as of 02/01/2009	Price Change	Yield	Note	YTD as of 11/2008	1 Month as of 11/2008	3 Months as of 11/2008	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Eur Inf-Lk Bd Ix Inst EU	84.6381	-0.9679	---	---	-1.85 %	1.49%	-5.80%	-2.53%	-0.02%	---	---	0.27%	31/05/2005
UK Inv Gr Bd Idx GBP Ins	49.0225	+ 0.0170	---	---	-8.20 %	1.78%	-6.64%	-6.89%	---	---	---	-4.18%	20/03/2007
30-40 Yr Dr EU Ix EU Ins	168.4023	+ 1.9126	---	---	69.49 %	27.40%	51.12%	70.12%	---	---	---	50.37%	29/08/2007
20+ Yr EUR Tr Ix EUR Ins	113.2910	+ 0.5048	---	---	10.58 %	9.20%	8.39%	10.19%	---	---	---	8.48%	29/08/2007
Japan Gov Bd Idx JPY Ins	13786.3954	+ 0.7078	---	---	1.58 %	0.31%	0.45%	1.74%	---	---	---	2.85%	11/10/2007
Glb Bd Inx Inst USD Hdg	103.1243	-0.2528	---	---	---	2.66%	1.07%	---	---	---	---	---	31/03/2008
US Mg Bk Se Bd Ix USDIns	124.2476	-0.1082	---	---	6.43 %	4.17%	3.83%	6.67%	6.43%	---	---	5.24%	16/12/2004
US Inv Gr Cr Idx Inst US	106.7299	-0.5433	---	---	-9.53 %	2.22%	-9.35%	-9.43%	0.10%	---	---	0.39%	16/12/2004
US Gov Bond Ix Inst USD	149.1780	-1.2033	---	---	7.95 %	4.94%	4.40%	8.21%	6.86%	5.28%	---	5.59%	31/01/2002
Euro Gov Bd Ix Inst EUR	154.7783	+ 0.3212	---	---	7.57 %	3.71%	5.11%	7.18%	3.21%	4.48%	---	5.32%	29/09/2000
Euro IG Bond Ix Inst EUR	140.0983	-0.0178	---	---	-0.20 %	1.85%	-1.35%	-0.55%	0.44%	2.44%	---	4.12%	29/09/2000
Stock Funds
					Recent Performance			Average Annual Total Returns as of 11/2008
Fund / Currency	Price as of 02/01/2009	Price Change	Yield	Note	YTD as of 11/2008	1 Month as of 11/2008	3 Months as of 11/2008	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Pac ex-Japan Stk Inst US	92.5007	+ 1.4589	---	---	-52.79 %	-5.32%	-40.90%	-53.87%	-5.70%	---	---	-4.43%	22/07/2005
Japan Stock Idx Inst EUR	87.6250	-0.5280	---	---	-24.78 %	-1.33%	-13.38%	-27.46%	---	---	---	-17.77%	29/03/2006
US 500 St Ix Inst EUR Hg	6.9850	+ 0.2154	---	---	-39.20 %	-7.18%	-31.84%	-39.64%	---	---	---	-18.96%	31/10/2006
Global Enhanc Eq USD Ins	61.7376	+ 1.9176	---	---	-43.53 %	-6.11%	-34.25%	-44.28%	---	---	---	-28.96%	18/04/2007
US Opportunities Inst US	156.2128	+ 4.7649	---	---	-41.70 %	-10.84%	-35.11%	-42.65%	-7.72%	-0.41%	---	5.19%	08/04/2002
US 500 Stk Ix Inst EUR	6.6245	+ 0.1892	---	---	-28.68 %	-7.34%	-18.54%	-28.98%	-11.56%	-3.28%	---	-2.36%	26/09/2002
Global Stk Ix Inst EUR	7.4660	+ 0.1838	---	---	-33.90 %	-6.55%	-22.52%	-34.54%	-10.83%	-1.30%	---	-0.41%	10/12/2002
Switzerld Stk Ix Inst CH	158.7698	-0.0035	---	---	-31.32 %	-5.46%	-20.76%	-33.87%	-6.80%	---	---	1.28%	02/02/2004
Japan Stk Ix Inst USD	122.0989	-0.4410	---	---	-34.72 %	-1.26%	-25.34%	-37.29%	-10.48%	0.53%	---	-0.76%	22/10/2003
Global Stk Hgd Inst EUR	7.6893	+ 0.1971	---	---	-40.14 %	-5.99%	-31.33%	-40.62%	-10.26%	---	---	-4.06%	04/11/2004
US 500 Stk Ix Inst USD	9.2283	+ 0.2853	---	---	-38.11 %	-7.28%	-29.80%	-38.56%	-9.38%	-2.19%	-1.62%	-1.20%	04/11/1998
European Stock Ix Inst U	11.7174	+ 0.3835	---	---	-49.18 %	-6.88%	-37.85%	-50.09%	-7.20%	1.94%	0.12%	0.72%	14/09/1998
Europe Stock Ix Inst EUR	8.4127	+ 0.2557	---	---	-41.45 %	-6.94%	-27.89%	-42.27%	-9.45%	0.78%	---	-5.24%	08/06/2000
Eurozone Stk Ix Inst EUR	91.2502	+ 3.1502	---	---	-44.92 %	-6.61%	-30.35%	-45.18%	-9.02%	1.12%	---	-1.82%	25/10/2001
Global Stock Ix Inst USD	10.4546	+ 0.2820	---	---	-42.63 %	-6.49%	-33.22%	-43.39%	-8.61%	-0.18%	-0.65%	-0.14%	04/08/1998

Footnote Explanation:
C 7-Day Average Income Yield Net of Expenses