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PRESS RELEASE
For Immediate Release
Contact:
Amy Blumenthal/Karen Myers
Blumenthal & Associates
617-879-1511
Chris McKnett
KLD Indexes
617-426-5270 x218
KLD Announces Index Changes for May 2006

         BOSTON, MA - June 21, 2006 - KLD Indexes announced today changes to the Domini 400 Social Index, KLD Global Climate 100 Index, KLD Broad Market Social Index, KLD Large Cap Social Index and KLD Select Social Index for May 2006. KLD Indexes is a division of KLD Research & Analytics, Inc., an independent investment research firm.

Domini 400 Social Index:

  • ProLogis (NYSE: PLD) replaced Pixar (PIXR) on the DS 400 after the close of trading on May 5, 2006. KLD Indexes removed Pixar because it was acquired by The Walt Disney Company. ProLogis is a real estate investment trust company that owns, manages and develops industrial distribution and supply chain properties in Europe, North America and Asia. KLD Indexes added ProLogis because it redevelops brownfields sites, incorporates sustainable development into the designs of its industrial projects and used sustainable building practices for its new energy efficient headquarters.
  • The McClatchy Company (NYSE: MNI) replaced Visteon Corporation (NYSE:VC) on the DS 400 after the close of trading on May 18, 2006. KLD Indexes removed Visteon because of deteriorating financial quality. The McClatchy Company publishes newspapers, runs a direct marketing business and hosts websites for each of its newspapers. KLD Indexes added McClatchy because of its reputation for quality journalism and its strong union relations.
  • CIT Group, Inc. (NYSE: CIT) replaced Comcast Corporation (NASDAQ: CMCSA) on the DS 400 after the close of trading on May 18, 2006. KLD Indexes removed Comcast because of poor union relations, questionable corporate governance practices and marketing concerns. KLD Indexes added CIT Group because of its commitment to workplace diversity and its small business lending program.
Domini 400 Social Index
Company Ticker
Sector
Reason
May 5, 2006
ADDED
ProLogis PLD Financials ESG*
REMOVED
Pixar PIXR Consumer Discretionary Acquired
May 18, 2006
ADDED
The McClatchy Company MNI Consumer Discretionary ESG
REMOVED
Visteon Corporation VC Consumer Discretionary Financial

ADDED
CIT Group, Inc.
CIT
Financials
ESG
REMOVED
Comcast Corporation
CMCSA
Consumer Discretionary
ESG
*Environmental, social and governance factors

 

KLD Global Climate 100 Index:

  • Deutsche Telekom AG (Xetra: DTE) replaced Arden Realty, Inc. (NYSE: ARI) on the GC 100 after the close of trading on May 2, 2006. KLD Indexes removed Arden Realty because it was acquired by General Electric. KLD Indexes added Deutsche Telekom because it has a fleet of several hundred natural gas vehicles, has comprehensive energy optimization initiatives at several thousand facilities and obtains a substantial amount of electricity from renewable sources.
  • Sekisui Chemical Co., Ltd. (Tokyo: 4204) replaced Hyundai Motor Company (Korea SE: 005380) on the GC 100 after the close of trading on May 15, 2006. KLD Indexes removed Hyundai because of deteriorating financials and corporate governance concerns. KLD Indexes added Sekisui because the company has sold more than 40,000 homes equipped with solar systems and comprehensive energy efficiency measures.
  • Q-Cells AG (Xetra: QCE) replaced Suzlon Energy Limited (Mumbai: SUEL) on the GC 100 after the close of trading on May 15, 2006. KLD Indexes removed Suzlon because of foreign ownership restrictions. KLD Indexes added Q-Cells because substantially all of its revenues are derived from solar technology development and solar cell systems manufacturing. In 2005, Q-Cells had the second largest planned solar cell production and solar cell capacity in the world.
  • Air Products & Chemicals, Inc. (NYSE: APD) replaced Xantrex Technology Inc. (Toronto: XTX) on the GC 100 after the close of trading on May 24, 2006. KLD Indexes removed Xantrex because of liquidity issues*. KLD Indexes added Air Products because it is a major global supplier of hydrogen gas, controlling approximately 50% of the global market share for merchant hydrogen. Hydrogen gas is a clean energy source used for fuel cell production.
  • Abengoa SA (Spanish Continuous: ABG) replaced Hydrogenics Corporation (Toronto: HYG) on the GC 100 after the close of trading on May 24, 2006. KLD Indexes removed Hydrogenics because of liquidity issues*. KLD Indexes added Abengoa because it is one of the world’s largest ethanol producers and is engaged in fuel cell technology research and development.
  • Itron, Inc. (NASDAQ: ITRI) replaced Beacon Power Corporation (NASDAQ: BCON) on the GC 100 after the close of trading on May 31, 2006. KLD Indexes removed Beacon Power because of liquidity issues*. KLD Indexes added Itron because it develops and manufactures optimization software for energy management that facilitates reduced consumption and cost savings. As of June 2005, approximately 3,000 utility companies worldwide used Itron’s electricity metering and energy management technologies.
  • Whole Foods Market, Inc. (NASDAQ: WFMI) replaced UQM Technologies, Inc. (AMEX: UQM) on the GC 100 after the close of trading on May 31, 2006. KLD Indexes removed UQM because of liquidity issues*. KLD Indexes added Whole Foods because, as of March 2006, the company met 100% of its energy needs using clean and renewable sources, making it the largest corporate consumer of renewable energy in the United States.
KLD Global Climate 100 Index
Company Ticker
Sector
Reason
May 2, 2006
ADDED
Deutsche Telekom AG DTE GR Communications Clean Tech/Efficiency
REMOVED
Arden Realty, Inc. ARI US Financial Acquired
May 15, 2006
ADDED
Sekisui Chemical Co., Ltd. 4204 JP Industrial Clean Tech/Efficiency
REMOVED
Hyundai Motor Company 005380 KS Consumer, Cyclical Financial

ADDED
Q-Cells AG QCE GR Energy Renewable Energy
REMOVED
Suzlon Energy Limited SUEL IN Energy Ownership
May 24, 2006
ADDED
Air Products & Chemicals, Inc. APD US Basic Materials Future Fuels
REMOVED
Xantrex Technology Inc. XTX CN Energy Liquidity*

ADDED
Abengoa SA ABG SM Industrials Future Fuels
REMOVED
Hydrogenics Corporation HYG CN Energy Liquidity*
May 31, 2006
ADDED
Itron, Inc. ITRI US Industrials Clean Tech/Efficiency
REMOVED
Beacon Power Corporation BCON US Industrials Liquidity*

ADDED
Whole Foods Market, Inc. WFMI US Consumer, Non-cyclical Renewable Energy
REMOVED
UQM Technologies, Inc. UQM US Industrials Liquidity*
*Failed to meet the GC 100 liquidity standards. KLD is not an investment advisor and makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in specific securities.


KLD Broad Market Social Index:

  • KLD removed Liberty Media Corp (L) after the close of trading on May 10, 2006 because it restructured into two tracking stocks, Liberty Media Corporation - Capital Group (NASDAQ: LINTA) and Liberty Media Corporation - Liberty Interactive (NASDAQ: LCAPA). KLD added the two tracking stocks effective end of trading May 10, 2006.
  • KLD added Embarq Corporation (NYSE: EQ) after the close of trading on May 19, 2006 due to its spin-off from KLD BMS Index constituent Sprint Nextel Corporation (NYSE: S).
  • KLD removed Comcast (NASDAQ: CMCSA) after the close of trading on May 19, 2006 due to poor union relations, questionable corporate governance practices and marketing concerns.
KLD Broad Market Social Index
Company
Ticker
Sector
Reason
May 2, 2006
REMOVED
Arden Realty, Inc.
ARI
Financial Services
Acquired
REMOVED
Meristar Hospitality Corp.
MHX
Financial Services
Acquired
May 3, 2006
REMOVED
The J. Jill Group, Inc.
JILL
Consumer Discretionary
Acquired
REMOVED
The Sports Authority, Inc.
TSA
Consumer Discretionary
Acquired
May 4, 2006
REMOVED
Pegasus Solutions, Inc.
PEGS
Consumer Discretionary
Acquired
May 5, 2006
REMOVED
Bedford Property Investors, Inc.
BED
Financial Services
Acquired
REMOVED
Pixar
PIXR
Consumer Discretionary
Acquired
May 9, 2006
REMOVED
Liberty Media Corporation
L
Consumer Discretionary
Restructure
ADDED
Liberty Media Corporation - Capital Group
LINTA
Consumer Discretionary
New Stock
ADDED
Liberty Media Corporation - Interactive
LCAPA
Consumer Discretionary
New Stock
May 10, 2006
REMOVED
iPayment, Inc.
IPMT
Financial Services
Acquired
May 11, 2006
REMOVED
MatrixOne, Inc.
MONE
Technology
Acquired
May 15, 2006
REMOVED
iVILLAGE Inc.
IVIL
Consumer Discretionary
Acquired
May 18, 2006
ADDED
Embarq Corporation
EQ
Utilities
Spin-off
REMOVED
Sybron Dental Specialties, Inc.
SYD
Health Care
Acquired
May 19, 2006
REMOVED
Comcast Corporation
CMCSA
Utilities
ESG
REMOVED
Maxtor Corporation
MXO
Technology
Acquired

 

KLD Large Cap Social Index:

  • KLD removed Liberty Media Corp (L) after the close of trading on May 10, 2006 because it restructured into two tracking stocks, Liberty Media Corporation - Capital Group (NASDAQ: LINTA) and Liberty Media Corporation - Liberty Interactive (NASDAQ: LCAPA). KLD added the two tracking stocks effective end of trading May 10, 2006.
  • KLD added Embarq Corporation (NYSE: EQ) after the close of trading on May 19, 2006 due to its spin-off from KLD BMS Index constituent Sprint Nextel Corporation (NYSE: S).
  • KLD removed Comcast (NASDAQ: CMCSA) after the close of trading on May 19, 2006 due to poor union relations, questionable corporate governance practices and marketing concerns.
KLD Large Cap Social Index
Company
Ticker
Sector
Reason
May 2, 2006
REMOVED
Arden Realty, Inc.
ARI
Financial Services
Acquired
May 5, 2006
REMOVED
Pixar
PIXR
Consumer Discretionary
Acquired
May 9, 2006
REMOVED
Liberty Media Corporation
L
Consumer Discretionary
Restructure
ADDED
Liberty Media Corporation - Capital Group
LINTA
Consumer Discretionary
New Stock
ADDED
Liberty Media Corporation - Interactive
LCAPA
Consumer Discretionary
New Stock
May 18, 2006
ADDED
Embarq Corporation
EQ
Utilities
Spin-off
May 19, 2006
REMOVED
Comcast Corporation
CMCSA
Utilities
ESG

 

KLD Select Social Index:

KLD Select Social Index
Company
Ticker
Sector
Reason
May 5, 2006
REMOVED
Pixar
PIXR
Consumer Discretionary
Acquired
May 19, 2006
REMOVED
Maxtor Corporation
MXO
Technology
Acquired


About KLD's Domini 400 Social Index

         
KLD’s Domini 400 Social Index is a float-adjusted market capitalization weighted common stock index. The DS 400 Index is the first benchmark for equity portfolios subject to multiple social screens. It is a widely recognized benchmark for measuring the impact of social screening on financial returns and the performance of socially screened portfolios. Click here for more information: http://www.kld.com/indexes/ds400index/index.html

About the KLD Global Climate 100 Index

         
The KLD Global Climate 100 Index is an equal weighted strategy index designed to promote investment in public companies whose activities demonstrate the greatest potential for mitigating immediate and long-term causes of climate change. The GC 100 constituents are allocated into three themes: Renewable Energy, Clean Technology & Efficiency, and Future Fuels. Click here for more information: http://www.kld.com/indexes/gc100/index.html

About the KLD Broad Market Social Index

         
The KLD Broad Market Social Index is designed to be the most comprehensive representation of the US equity market available to social investors. By screening the Russell 3000® Index, which represents 98% of the capitalization of the US equity market, the BMS is the most complete socially and environmentally screened performance benchmark and investment universe. Click here for more information: http://www.kld.com/indexes/bmsindex/index.html

About the KLD Large Cap Social Index

         
The KLD Large Cap Social Index is designed to represent the large-cap segment of the U.S. equity market available to social investors. The LCS is a socially and environmentally screened performance benchmark and investment universe created by screening the Russell 1000® Index, which represents 90% of capitalization of the US equity market. Click here for more information: http://www.kld.com/indexes/lcsindex/index.html

About the KLD Select Social Index

         
The KLD Select Social Index is constructed to maximize exposure to positive social and environmental factors while exhibiting risk and return characteristics similar to those of the Russell 1000® Index. The KLD SS is sector-diversified, holding companies with the highest social and environmental scores from each sector. To adhere to a large capitalization style, the eligible universe is limited to companies in the Russell 1000 and S&P 500® Index. Tobacco companies are not eligible. Click here for more information: http://www.kld.com/indexes/ssindex/index.html

About KLD Indexes

         KLD Indexes, a division of KLD Research & Analytics, Inc., constructs indexes for investors who integrate environmental, social and governance factors into their investment decisions. Investors, trustees and consultants depend on the quality and integrity of KLD Indexes, which are designed to be transparent, representative and investable.
Today, more than $10 billion is invested in funds based on KLD's family of indexes, including the Domini 400 Social Index, KLD Select Social Index, KLD Global Climate 100 Index, KLD Broad Market Social Index and KLD Large Cap Social Index.

         For more information about KLD's Indexes, please see our website (www.KLDIndexes.com) or contact Chris McKnett by phone (617.426.5270 x218) or e-mail (cmcknett@kld.com).

 

Russell 3000® Index and Russell 1000® Index are trademarks of Frank Russell Company. S&P 500® Index is a trademark of Standard & Poor’s. Domini 400 SocialSM Index, KLD Broad Market SocialSM Index, KLD Large Cap SocialSM Index, KLD Global Climate 100SM, and KLD Select SocialSM Index are service marks of KLD Research & Analytics, Inc.

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