December 31, 2009 December 31, 2008 December 31, 2007 Share
Class Benchmark Name BenchMark Portfolio Return BenchMark Portfolio Return BenchMark Portfolio Return Emerging Market Debt ***
AEC
JP Morgan Emerging Markets Bonds +
index 26.14% 50.41% -10.12% -26.32%* n/a n/a
AEH JP Morgan Emerging Markets Bonds + index 26.14% 56.59% -9.70% -34.27% 6.45% 4.64% AU
JP Morgan Emerging Markets Bonds +
index 26.14% 58.49% -9.70% -34.88% 6.45% 6.65%
AUP JP Morgan Emerging Markets Bonds + index 26.14% 44.82% -9.70% -34.89% 6.45% -1.47% DEH
JP Morgan Emerging Markets Bonds +
index 26.14% 55.47% -9.70% -34.48% 6.45% 4.14%
DU JP Morgan Emerging Markets Bonds + index 26.14% 57.55% -9.70% -35.15% 6.45% 6.12% IEH
JP Morgan Emerging Markets Bonds +
index 26.14% 63.68% n/a n/a n/a n/a
SU
JP Morgan Emerging Markets Bonds +
index 26.14% 58.54% -9.70% -34.91% 6.45% 6.65%
SUP JP Morgan Emerging Markets Bonds + index 26.14% 38.93% -9.70% -34.86% 6.45% -1.52% W
JP Morgan Emerging Markets Bonds +
index 26.14% 59.46% -9.70% -34.63% 6.45% 7.17%
Global Emerging Market Short-Term Bonds ****
AEC JP Morgan Global Diversified 1 year to 3 year sector 19.55% -10.93% -2.69% -40.12%* n/a n/a
AEH
JP Morgan Global Diversified
1 year to 3 year sector 19.55% -13.57% -6.40% -26.36% 6.40% 1.94%
AU JP Morgan Global Diversified 1 year to 3 year sector 19.55% -11.00% -6.40% -26.97% 6.40% 3.81%
AUP
JP Morgan Global Diversified
1 year to 3 year sector 19.55% -8.69% -6.40% -26.40% 6.40% 3.80%
DEH
JP Morgan Global Diversified
1 year to 3 year sector 19.55% -13.78% -6.40% -26.43% 6.40% 1.77%
DU JP Morgan Global Diversified 1 year to 3 year sector 19.55% -19.85% -6.40% -27.03% 6.40% 3.72%
IEH
JP Morgan Global Diversified
1 year to 3 year sector 19.55% -11.75% -6.40% -25.98% 0.47% 0.28%*
IU JP Morgan Global Diversified 1 year to 3 year sector n/a n/a -4.15% -32.47%* n/a n/a
W
JP Morgan Global Diversified
1 year to 3 year sector 19.55% -11.23% -6.40% -26.81% 6.40% 4.14%
*** Portfolio suspended from October 27, 2008 to February 17, 2009. **** Portfolio suspended from October 27, 2008 to June 22, 2009.
Threadneedle (Lux)
Share Class Performance (continued)
184
December 31, 2009 December 31, 2008 December 31, 2007 Share
Class Benchmark Name BenchMark Portfolio Return BenchMark Portfolio
Return BenchMark
Portfolio Return US$ High Income Bonds
AEH ML US HighYieldCash Pay BB-B Constrained Index 46.12% 37.83% -23.60% -18.69% 2.69% -0.17%
AU ML US HighYieldCash Pay BB-B Constrained Index 46.12% 37.93% -23.60% -20.07% 2.69% 1.49% AUP ML US HighYieldCash Pay BB-B Constrained Index 46.12% 37.83% -23.60% -21.46% 2.69% -5.79%
DEH ML US HighYieldCash Pay BB-B Constrained Index 46.12% 37.09% -23.60% -19.07% 2.69% -0.73%
DU
ML US HighYieldCash Pay BB-B
Constrained Index 46.12% 37.24% -23.60% -20.50% 2.69% 0.98%
W ML US HighYieldCash Pay BB-B Constrained Index 46.12% 38.61% -23.60% -19.72% 2.69% 2.03%
Global High Yield and Emerging Market (Euro)
AE
ML EMD Sovereign / High Yield
Euro 68.46% 20.42% -31.45% -36.03% -2.21% -1.98%
AEP ML EMD Sovereign / High Yield Euro 68.46% 9.93% -31.45% -37.21% -2.21% -9.10% AUH
ML EMD Sovereign / High Yield
Euro 68.46% 20.02% -31.45% -36.69% -2.21% -1.47%
DE ML EMD Sovereign / High Yield Euro 68.46% 19.74% -31.45% -36.32% -2.21% -2.47% IE
ML EMD Sovereign / High Yield
Euro 68.46% 21.56% -31.45% -35.37% 0.00% 0.06%*
SEP
ML EMD Sovereign / High Yield
Euro 68.46% 10.12% -31.45% -37.21% -2.21% -9.16%
W ML EMD Sovereign / High Yield Euro 68.46% 21.04% -31.45% -35.71% -2.21% -1.47%
Global Asset Allocation1
AEC 40% JPM WGBI / 60% MSCI AC World 21.71% 5.65% -21.32% -24.53%* n/a n/a
AEH
40% JPM WGBI / 60% MSCI AC
World 21.71% 16.50% -22.68% -23.18% 10.30% 9.30%
AU 40% JPM WGBI / 60% MSCI AC World 21.71% 18.12% -22.68% -22.47% 10.30% 11.73% AUP 40% JPM WGBI / 60% MSCI AC World 21.71% 18.17% -22.68% -22.46% 10.30% 11.72% DEH
40% JPM WGBI / 60% MSCI AC
World 21.71% 15.88% -22.68% -23.53% 10.30% 8.76%
DU 40% JPM WGBI / 60% MSCI AC World 21.71% 17.57% -22.68% -22.88% 10.30% 11.15% W
40% JPM WGBI / 60% MSCI AC
World 21.71% 18.55% -22.68% -22.21% 10.30% 12.12%
World Equities
AEH MSCI AC World Equities 35.41% 29.42% -40.33% -44.96% 9.57% 10.67%
AU MSCI AC World Equities 35.41% 32.06% -40.33% -44.07% 9.57% 13.42%
DEH MSCI AC World Equities 35.41% 28.68% -40.33% -45.23% 9.57% 10.19%
DU MSCI AC World Equities 35.41% 31.38% -40.33% -44.33% 9.57% 12.84%
IEH MSCI AC World Equities n/a n/a -40.33% -44.41% 2.31% 2.94%*
IU MSCI AC World Equities n/a n/a -31.64% -33.83%* n/a n/a
W MSCI AC World Equities 35.41% 32.47% -40.33% -43.87% 9.57% 13.81%
* Share class opened less than a year.
Threadneedle (Lux)
Share Class Performance (continued)
December 31, 2009 December 31, 2008 December 31, 2007 Share
Class Benchmark Name BenchMark Portfolio Return BenchMark Portfolio Return BenchMark Portfolio Return Global Emerging Market Equities
AEH MSCI Emerging Markets Free Index 79.02% 64.97% -53.33% -49.33% 39.39% 24.22% AU MSCI Emerging Markets Free Index 79.02% 68.05% -53.33% -48.18% 39.39% 27.07% DEH MSCI Emerging Markets Free Index 79.02% 64.16% -53.33% -49.61% 39.39% 23.57% DU MSCI Emerging Markets Free Index 79.02% 67.15% -53.33% -48.43% 39.39% 26.45% IEH MSCI Emerging-Markets Free Index 79.02% 66.70% -53.33% -48.84% n/a n/a W MSCI Emerging Markets Free Index 79.02% 68.60% -53.33% -47.99% 39.39% 27.50%
US Equities
AEH S&P 500 (US LC) 26.46% 26.57% -37.00% -25.94% 5.49% 9.18%
AU S&P 500 (US LC) 26.46% 28.89% -37.00% -24.73% 5.49% 11.67%
DEH S&P 500 (US LC) 26.46% 25.96% -37.00% -26.31% 5.49% 8.71%
DU S&P 500 (US LC) 26.46% 28.31% -37.00% -25.11% 5.49% 11.12%
IEH S&P 500 Index 26.46% 27.43% -28.78% -21.00%* n/a n/a
IU S&P 500 Index 26.46% 29.74% -34.02% -26.39%* n/a n/a
W S&P 500 (US LC) 26.46% 29.34% -37.00% -24.43% 5.49% 12.09%
US Mid & Small Cap Equities
AEH Russell 2500 (US MSC) 34.39% 20.59% -36.79% -46.65% 1.38% 9.26%
AU Russell 2500 (US MSC) 34.39% 22.53% -36.79% -45.53% 1.38% 11.45%
DEH Russell 2500 (US MSC) 34.39% 20.07% -36.79% -46.58% 1.38% 8.50%
DU Russell 2500 (US MSC) 34.39% 21.96% -36.79% -45.14% 1.38% 9.78%
W Russell 2500 (US MSC) 34.39% 22.98% -36.79% -44.64% 1.38% 10.71%
American Select
AEH Russell 1000 Growth (FUSE) 34.79% 15.81% -38.44% -44.71% 11.81% 20.89% AU Russell 1000 Growth (FUSE) 34.79% 17.89% -38.44% -43.87% 11.81% 25.22% DEH Russell 1000 Growth (FUSE) 34.79% 15.32% -38.44% -45.03% 11.81% 20.93% DU Russell 1000 Growth (FUSE) 34.79% 17.33% -38.44% -44.18% 11.81% 24.73% IEH Russell 1000 Growth (FUSE) 34.79% 16.92% -38.44% -44.24% 3.97% 6.61%* W Russell 1000 Growth (FUSE) 34.79% 18.37% -38.44% -43.73% 11.81% 25.65%
Threadneedle (Lux)
Share Class Performance (continued)
186
December 31, 2009 December 31, 2008 December 31, 2007 Share
Class Benchmark Name BenchMark Portfolio Return BenchMark Portfolio Return BenchMark Portfolio Return Pan European Equities2
AE FTSE World Europe Index 32.42% 31.80% -43.64% -33.71% 3.46% -0.41% DE FTSE World Europe Index 32.42% 31.22% -43.64% -34.04% 3.46% -0.98%
IE FTSE World Europe Index 32.42% 33.01% -20.89% -30.31%* n/a n/a
W FTSE World Europe Index 32.42% 32.28% -43.64% -33.47% 3.46% -0.07%
Pan European Smaller Companies
AE MSCI Europe Small Cap Index 60.18% 55.26% -53.39% -51.83% -11.45% -5.33%* DE MSCI Europe Small Cap Index 60.18% 54.59% -53.39% -52.12% -11.45% -5.87%*
IE MSCI Europe Small Cap-Index n/a n/a -6.72% -10.79%* n/a n/a
W MSCI Europe Small-Cap Index 60.18% 55.79% -53.39% -51.67% -16.57% -16.43%*
European Quantitative Equities
AE DJ Stoxx 50 (EUR) 28.74% 18.39% -43.43% -45.88% n/a n/a
DE DJ Stoxx 50 (EUR) 28.74% 17.78% -43.43% -46.15% n/a n/a
IE DJ Stoxx-50 (EUR) 28.74% 19.37% -43.43% -45.47% n/a n/a
W DJ Stoxx 50 (EUR) 28.74% 18.90% -43.43% -45.71% n/a n/a
Italian Equities
DE MIBTEL Total Return Index 19.19% 18.82% -46.01% -42.79% -6.40% -11.00%*
IE MIBTEL Total Return Index 19.19% 20.59% -34.02% -36.33%* n/a n/a
Japanese Equities
AEH MSCI Japan US Index 6.39% 8.34% -29.11% -33.00% -4.14% -9.53%
AJ MSCI Japan Index (Yen) 9.26% 7.13% -42.43% -33.34% -10.01% -11.38%
DEH MSCI Japan US Index 6.39% 7.90% -29.11% -33.36% -4.14% -10.07%
DJ MSCI Japan Index (Yen) 9.26% 6.63% -42.43% -33.64% -10.01% -11.83%
IJ MSCI Japan Index (Yen) 9.26% 8.28% -34.02% -24.08%* n/a n/a
W MSCI Japan Index (Yen) 9.26% 7.69% -42.43% -32.95% -10.01% -10.92%
Asia
AEH MSCI AC Pacific Fr x Japan Index 71.53% 60.97% -52.09% -42.36% 30.51% 18.98% AU MSCI AC Pacific Fr x Japan Index 71.53% 62.26% -52.09% -41.90% 30.51% 21.84% DEH MSCI AC Pacific Fr x Japan Index 71.53% 60.27% -52.09% -42.67% 30.51% 18.37% DU MSCI AC Pacific Fr x Japan Index 71.53% 61.43% -52.09% -42.18% 30.51% 21.22% IEH MSCI AC-Pacific Fr x Japan Index n/a n/a -52.09% -36.29% 3.06% 5.17%* IU MSCI AC Pacific Fr x Japan Index n/a n/a -38.06% -32.28%* n/a n/a W MSCI AC Pacific Fr x Japan Index 71.53% 62.82% -52.09% -41.70% 30.51% 22.29%
Greater China Equities
AEH MSCI Golden Dragon Index 67.12% 70.90% -49.37% -40.29% 37.97% 17.99% AU MSCI Golden Dragon Index 67.12% 72.54% -49.37% -39.87% 37.97% 20.74% DEH MSCI Golden Dragon Index 67.12% 70.03% -49.37% -40.60% 37.97% 17.49% DU MSCI Golden Dragon Index 67.12% 71.72% -49.37% -40.18% 37.97% 20.10% W MSCI Golden Dragon Index 67.12% 73.12% -49.37% -39.66% 37.97% 21.16%
* Share class opened less than a year.
2 The benchmark changed from MSCI Europe Index to FTSE World Europe Index from October 1, 2009. From April 1, 2010 the benchmark changed to
Threadneedle (Lux)
Share Class Performance (continued)
December 31, 2009 December 31, 2008 December 31, 2007 Share
Class Benchmark Name BenchMark Portfolio Return BenchMark Portfolio Return BenchMark Portfolio Return Global Energy Equities
AEH MSCI World Energy Index 27.04% 23.12% -39.35% -46.98% 27.49% 37.75%
AU MSCI World Energy Index 27.04% 26.70% -39.35% -45.04% 27.49% 41.45%
DEH MSCI World Energy Index 27.04% 22.43% -39.35% -47.24% 27.49% 37.07%
DU MSCI World Energy Index 27.04% 26.07% -39.35% -45.31% 27.49% 40.73%
IEH MSCI World Energy Index 27.04% 24.21% -41.18% -50.67%* n/a n/a
W MSCI World Energy Index 27.04% 27.13% -39.35% -44.84% 27.49% 41.98%
Global Innovation
AEH FTSE World Index 35.31% 37.33% -33.04% -44.26% 8.96% 20.78%
AU FTSE World Index 35.31% 39.33% -33.04% -43.61% 8.96% 23.38%
DEH FTSE World Index 35.31% 36.48% -33.04% -44.48% 8.96% 20.18%
DU FTSE World Index 35.31% 38.57% -33.04% -43.85% 8.96% 22.79%
IU FTSE World Index n/a n/a -24.74% -32.83%* n/a n/a
SU FTSE World Index 35.31% 39.23% -33.04% -43.57% 8.96% 23.33%
W FTSE World Index 35.31% 39.79% -33.04% -43.39% 8.96% 23.74%
Target Return US$3
AU
Merrill U.S. Dollar LIBOR
(3 M Constant Maturity) 0.12% -0.67% n/a n/a n/a n/a
DEH Merrill U.S. Dollar LIBOR (3 M Constant Maturity) 0.12% -0.97% n/a n/a n/a n/a
Global Equities-Walter Scott & Partners
WS MSCI World Equities (EUR) 26.72% 27.56% -37.64% -27.85% -0.91% -0.03%
Mondrian IP-FEME
M MSCI Emerging Markets Free Index 79.02% 68.93% -53.33% -45.02% 39.39% 27.04%
Total performance is historical and is not a guarantee of future results. The net asset of shares classes may go up or down. Performance is net of all applicable fees as well as distributions made during the calendar year ended December 31, 2009 (but does not reflect a sales charge as stated in the note 4 to the financial statements). The performance is different across share classes depending on applicable asset management and shareholder servicing fees as disclosed in the note 4 to the financial statements. In addition, currency fluctuations may also affect performance depending on the currency of denomination of the share class and the base currency of the Portfolio. The returns are stated in the currency in which the portfolios are denominated.
* Share class opened less than a year