Joey Mack Morgan Stanley Emerging Markets Domestic Debt EDD-N PAST TOP PICK Nov 30, 2010

Closed end fund 6.5%. Plays into local currencies of south Africa and brazil. Trades at a discount 6-1/2 to 7% yield. Good strong rally in US$ would hurt US$ trading price of security.

(A Top Pick Oct 19/09. Down 1.27%.) Emerging Markets Domestic Debt including Brazil, Mexico, South Africa, etc. A lot of these countries are throwing off significant yields and he has a constructive view on the currencies versus the US$.

(A Top Pick Jan 6/10. Up 12.27%.) Emerging Markets had a great run.