Board of Governors

As of: 10/10/2012

• Mr. Gregory E. Johnson* (ICI Chairman)
  President & CEO
  Franklin Resources, Inc.
• Mr. Paul Audet*
  Senior Managing Director
  BlackRock, Inc.
• Mr. Ashok N. Bakhru
  Independent Chair
  Goldman Sachs Funds
• Mr. Edward C. Bernard*
  Vice Chairman
  T. Rowe Price Group, Inc.
• Ms. Dorothy A. Berry*
  Independent Director
  Professionally Managed Portfolios & PNC Funds
• Ms. Marie A. Chandoha
  President & CEO
  Charles Schwab Investment Management, Inc.
• Mr. John F. Cogan Jr.*
  Chairman
  Pioneer Investment Management USA Inc.
• Mr. Robert Conti
  President & CEO
  Neuberger Berman Management LLC
• Mr. Michael J. Cosgrove
  President of Mutual Funds & Global Investment Programs
  GE Asset Management Incorporated
• Mr. Patrick P. Coyne
  President
  Delaware Investments
• Mr. Bruce L. Crockett
  Independent Chair
  Invesco Funds
• Mr. James E. Davey
  President, Hartford Mutual Funds
  The Hartford Financial Services Group, Inc.
• Mr. Thomas R. Donahue
  Chief Financial Officer & Treasurer
  Federated Investors, Inc.
• Mr. Kenneth C. Eich
  Chief Operating Officer
  Davis Selected Advisers, L.P.
• Ms. Nora M. Everett
  President & CEO
  Principal Funds
• Mr. Thomas E. Faust Jr.
  Chairman & CEO
  Eaton Vance Corporation
• Mr. Martin L. Flanagan*
  President & CEO
  Invesco Ltd.
• Mr. George C. W. Gatch*
  CEO, JPMorgan Funds
  JPMorgan Asset Management
• Mr. C. Gary Gerst
  Independent Chair
  Henderson Global Funds
• Mr. William F. Glavin Jr.*
  Chairman, President and CEO
  OppenheimerFunds, Inc.
• Mr. John T. Hailer
  President & CEO, U.S. & Asia
  Natixis Global Asset Management, L.P.
• Mr. Peter A. Harbeck
  President & CEO
  SunAmerica Asset Management Corp.
• Mr. Brent R. Harris
  Chairman
  PIMCO Funds
• Ms. Diana P. Herrmann
  President & CEO
  Aquila Investment Management LLC
• Ms. Mellody Hobson*
  President
  Ariel Investments, LLC
• Mr. Robert M. Keith
  Executive Managing Director
  AllianceBernstein
• Ms. Susan B. Kerley*
  Independent Director
  MainStay & LMP Funds
• Mr. John Y. Kim
  Chief Executive Officer
  New York Life Investments
• Mr. Arthur J. Lev
  Managing Director & Head, Long-Only Business
  Morgan Stanley Investment Management
• Ms. Susan C. Livingston
  Partner
  Brown Brothers Harriman & Co./BBH Trust
• Mr. Robert J. Manning
  Chairman & CEO
  MFS Investment Management
• Ms. Susan B. McGee
  President & General Counsel
  U.S. Global Investors, Inc.
• Mr. F. William McNabb III*
  Chairman & CEO
  Vanguard
• Mr. James A. McNamara*
  President & CEO
  Goldman Sachs Mutual Funds
• Mr. Thomas M. Mistele
  Chief Operating Officer
  Dodge & Cox
• Mr. Mark D. Nerud
  President & CEO
  Jackson National Asset Management LLC
• Ms. Catherine Newell
  General Counsel
  Dimensional Fund Advisors LP
• Mr. Stuart Parker
  President
  Prudential Investments
• Mr. Jacques P. Perold*
  President
  Fidelity Management & Research Company
• Mr. Donald H. Pratt
  Independent Chair
  American Century Funds-KC Board
• Ms. Karla M. Rabusch
  President
  Wells Fargo Funds Management, LLC
• Mr. J. Alan Reid, Jr.
  Chief Executive Officer
  Forward Management LLC
• Mr. Robert L. Reynolds
  President & CEO
  Putnam Investments
• Mr. James E. Ross
  Sr. Man. Director & Global Head of ETFs
  State Street Global Advisors
• Mr. James F. Rothenberg*
  Chairman
  Capital Research & Management Co.
• Mr. Thomas S. Schreier Jr.
  Vice Chairman, Wealth Management
  Nuveen Investments
• Ms. Laura T. Starks
  Independent Director
  TIAA-CREF Funds
• Mr. Michael D. Strohm
  Chief Executive Officer
  Waddell & Reed, Inc.
• Mr. Jonathan S. Thomas
  President & CEO
  American Century Investments
• Mr. Garrett Thornburg
  Chairman
  Thornburg Investment Management, Inc.
• Mr. William F. Truscott*
  CEO, Global Asset Management
  Columbia Management
• Ms. Mary Ann Tynan
  Independent Director
  Oppenheimer Funds
• Mr. Robert W. Uek
  Independent Trustee
  MFS Funds
• Mr. Lloyd A. Wennlund*
  Executive Vice President & Managing Director
  Northern Trust Global Investments

*Active member of the Executive Committee