mation Technology VGT Vanguard Inf. Technology 0.12% 7,809 28.6 Communications Egtipment 1GN 'Shares NA Tech-Multimedia Net 0.48% 151 0.5 Internet Software & Services PNOI PowerShares NASDAQ Internet 0.80% 223 1.3 Semiconductors SMH XSD Market Vectors Semiconductor SPDR S&P Semiconductor 0.35% 0.35% 49

mation Technology VGT Vanguard Inf. Technology 0.12% 7.609 28.6 Communications FnuiPmenf IGN Shares NA Tech-Mid inordia Net 0.48% 151 0.5 Internet Software & Services PNOI PowerShares NASDAO Internet 0.60% 223 1.3 Semiconductors SMH XSD Market Vectors Semiconductor SPEW S&P Semiconductor 0.35% 0.35% 49

Overweight 2015/16 PE 2015 2016 PE PE 14.4 12.9 21.6 20.3 27.8 24.1 19.1 18.4 17.7 16.9 Technology Hardware, Storage & Peripherals11.9 11.2 Internet Software & Services EFTA01476125 30.0 26.7 18.5 17.5 16.9 16.3 21.3 20.1 12.3 11.8 17.0 15.8 14.6 14.3 21.3 19.9 10.5 9.5 16.9 16.4 12.4 12.7 11.8 11.2 Con

958 5,897 414 3,025 22,232 10,111 713 3,215 663 83.6 11,360 EFTA01476341 17,783 Electronic Equipment, Instruments & Components 1,454 Internet Software & Services 3,551 14,226 Semiconductors & Semiconductor Equipment 15,276 19,948 17.4 Construction Materials Containers & Packaging 11,063 526 1,070 4,