Ewz Holding As Of 08-29-08

EWZ Holdings Brazil MSCI iShares Stock

Symbol  Weight Sector

Petrobras - Petroleo Bras-pr

13.80% Energy

Petrobras - Petroleo Bras

12.30% Energy

CIA Vale DO RIO Doce-pref A CIA Vale DO RIO Doce-adr

9.70% Materials

RIO

8.00% Materials

Banco Bradesco -pref

4.70% Financials

Banco Itau Holding Fin-pref

3.80% Financials

CIA Siderurgica Nacional SA

3.30% Materials

Unibanco-units

3.00% Financials

Gerdau Sa-pref

2.80% Materials

Usinas Sider Minas Ger-pf A CIA DE Bebidas DAS Ame-pref

2.30% Materials Consumer  2.20% Staples

OGX Petroleo E GAS Participa

1.80% Energy

Gerdau Metalurgica Sa-pref

1.50% Materials

CIA Energetica Minas Ger-prf

1.40% Utilities

Tele Norte Leste Part-pref

Telecommunic 1.20% ation Services

Banco DO Brasil SA Redecard SA

1.10% Financials Information  1.00% Technology

Bradespar SA -pref

1.00% Financials

Itausa-investimentos Itau-pr

0.90% Financials

ALL America Latina Logistica

0.90% Industrials

Centrais Eletricas Brasilier

0.80% Utilities

Cpfl Energia SA

0.80% Utilities

MMX Mineracao E Metalicos SA

0.80% Materials

Aracruz Celulose Sa-pref B

0.70% Materials

Bovespa Holding SA

0.70% Financials

Centrais Eletricas Bras-pr B

0.70% Utilities

Brasil Telecom Part Sa-pr

Telecommunic 0.70% ation Services

Gerdau S.A. Sadia Sa-pref Fertilizantes Fosfatados-prf Perdigao SA Telesp Celular Particip-pref RTS

0.60% Materials Consumer  0.60% Staples 0.60% Materials Consumer  0.60% Staples

Ultrapar Participacoes-pref

0.60% N/A Consumer  0.60% Discretionary

Votorantim Celulose Pap-pref

0.60% Materials

CIA Energetica DE Sp-pref B

0.60% Utilities

Empresa Bras DE Aeronautica

0.60% Industrials

CIA Saneamento Basico DE SP Souza Cruz SA

0.60% Utilities Consumer  0.60% Staples

Bolsa DE Mercadorias E Futur

0.50% Financials

Usinas Siderurgicas DE Minas

Cyrela Brazil Realty

0.50% Materials Consumer  0.50% Discretionary Consumer  0.50% Discretionary

Eletropaulo Metropoli-pref B

0.50% Utilities

Lojas Renner S.A.

CIA DE Concessoes Rodoviaria

0.50% Industrials

Telemar Norte Leste Sa-pr A

Telecommunic 0.50% ation Services

CIA Paranaense DE Energi-pfb

0.50% Utilities

Klabin Sa-pref

0.40% Materials

Brasil Telecom SA - Pref

Telecommunic 0.40% ation Services

Suzano Papel E Celulose SA

0.40% Materials

Tractebel Energia SA

0.40% Utilities Telecommunic 0.40% ation Services Consumer  0.40% Discretionary

Brasil Telecom Part SA Gafisa SA

Telecommunic 0.40% ation Services Consumer  0.40% Discretionary Consumer  0.40% Discretionary Consumer  0.40% Discretionary Consumer  0.30% Discretionary

Tele Norte Leste Part Lojas Americanas Sa-pref NET Servicos DE Comuni-pref MRV Engenharia B2W Companhia Global Do Varejo

Telecommunic 0.30% ation Services Consumer  0.30% Staples

GVT Holding SA Natura Cosmeticos SA EDP - Energias DO Brasil SA JBS SA

0.30% Utilities Consumer  0.30% Staples

Duratex Sa-pref

0.30% Industrials

TIM Participacoes SA

Telecommunic 0.30% ation Services

Braskem Sa-pref A

Cosan SA Industria Comercio

0.30% Materials Consumer  0.20% Staples Consumer  0.20% Staples

BGIF Institutional Money Market Institutional Share Class

0.20% S-T Securities

Localiza Rent A CAR

0.20% Industrials

Banco Estado RIO Grande SUL

0.20% Financials

TAM Sa-pref

0.20% Industrials Consumer  0.10% Staples

CIA Brasileira DE Distr-pref

JBS SA

N.A

GOL Linhas Aereas - Pref CIA Brasileira DE Distr-pref -receipts CIA DE Bebidas DAS Amer-rct

0.10% Industrials

N.A

0.00% N/A Consumer  0.00% Staples