Portfolio Holdings of the Fund

Security % of Net Assets
APPLE (AAPL) 2.31
SHIRE (SHP LN) 2.06
PRECISION CASTPARTS (PCP) 2.05
JOHNSON CONTROLS (JCI) 1.92
BAIDU (BIDU) 1.92
WESTPAC BANKING (WBC AU) 1.82
PIONEER NATURAL RESOURCES (PXD) 1.80
GOLDCORP (GG) 1.72
NESTLE (NSRGY) 1.70
SCHLUMBERGER (SLB) 1.65
ITAU UNIBANCO (ITUB) 1.56
DU PONT (DD) 1.54
TENCENT HOLDINGS (700 HK) 1.51
BANCO BILBAO VIZCAYA (BBVA) 1.51
US BANCORP (USB) 1.45
BANCO SANTANDER (STD) 1.45
FREEPORT-MCMORAN COPPER & GOLD (FCX) 1.42
LAN AIRLINES (LFL) 1.40
NOVOZYMES (NZYMB DC) 1.38
L'OREAL (OR FP) 1.37
SVENSKA HANDELSBANKEN (SHBA SS) 1.34
ARCOS DORADOS (ARCO) 1.31
ANADOLU EFES (AEFES TI) 1.30
SANRIO (8136 JP) 1.28
LYNAS (LYC AU) 1.27
F5 NETWORKS (FFIV) 1.25
WHITEHAVEN COAL (WHC AU) 1.23
COACH (COH) 1.23
PACIFIC RUBIALES ENERGY (PRE CN) 1.22
HOME INNS & HOTELS MANAGEMENT (HMIN) 1.19
CUMMINS (CMI) 1.18
NATURA COSMETICOS (NATU3 BZ) 1.18
GOL LINHAS AEREAS (GOL) 1.15
NVIDIA (NVDA) 1.12
STANDARD CHARTERED (STAN LN) 1.11
BRADKEN (BKN AU) 1.03
SANDS CHINA (1928 HK) 1.01
STATOIL (STL NO) 1.01
CANMARC REAL ESTATE (CMQ-U CN) 0.98
OASIS PETROLEUM (OAS) 0.98
ABBOTT LABORATORIES (ABT) 0.94
NOKIA CORP (NOK) 0.94
NOVO-NORDISK (NOVOB DC) 0.93
JOY GLOBAL (JOY) 0.93
NEWCREST MINING (NCM AU) 0.92
NATIONAL OILWELL (NOV) 0.91
GERDAU (GGB) 0.90
RAKUTEN (4755 JP) 0.90
DAIRY FARM INTERNATIONAL (DFI SP) 0.87
LVMH MOET HENNESSY (MC FP) 0.87
ASTON RESOURCES (AZT AU) 0.85
WESTERN GAS PARTNERS (WES) 0.83
PING AN INSURANCE (2318 HK) 0.79
TALISMAN ENERGY (TLM) 0.77
EMC (EMC) 0.72
MARFRIG ALIMENTOS (MRFG3 BZ) 0.71
ELI LILLY (LLY) 0.70
TORAY INDUSTRIES (3402 JP) 0.69
GENERAL MOTORS (GM) 0.65
GRUPO ODINSA (ODINSACB) 0.64
LOJAS RENNER (LREN3 BZ) 0.63
CVS CAREMARK (CVS) 0.62
HONG KONG EXCHANGE (388 HK) 0.61
EMPRESAS AQUACHILE (AQUACHIL) 0.59
LINDSAY (LNN) 0.55
POLYPORE INTERNATIONAL (PPO) 0.52
GREE (3632 JP) 0.51
YPF (YPF) 0.47
YINGLI GREEN ENERGY (YGE) 0.46
BANK NOVA SCOTIA (BNS CN) 0.45
ADARO ENERGY (ADRO IJ) 0.45
SUL AMERICA (SULA11BZ) 0.43
THE ST JOE COMPANY (JOE) 0.39
TITAN INTERNATIONAL (TWI) 0.39
AKFEN HOLDING (AKFEN TI) 0.38
MITEK SYSTEMS (MITK) 0.36
SUNDANCE RESOURCES (SDL AU) 0.36
GOODPACK (GPACK SP) 0.36
MEAD JOHNSON NUTRITION (MJN) 0.35
DE LA RUE (DLAR LN) 0.34
TULLOW OIL (TLW LN) 0.34
MINERVA (BEEF3 BZ) 0.30
CCR (CCRO3 BZ) 0.29
HDFC BANK (HDB) 0.26
DEERE (DE) 0.26
BREADTALK (BREAD SP) 0.26
PETROLEO BRASILEIRO (PBR) 0.25
BOEING (BA) 0.25
CONOCOPHILLIPS (COP) 0.24
KEPPEL LAND (KPLD SP) 0.24
BRISTOL-MYERS (BMY) 0.24
AGRIUM (AGU) 0.23
KEPPEL (KEP SP) 0.20
SCHNEIDER ELECTRIC (SU FP) 0.19
SHANGHAI ELECTRIC (2727 HK) 0.18
BG GROUP (BG/ LN) 0.18
DBS GROUP (DBS SP) 0.18
PRUDENTIAL (PRU LN) 0.17
AIXTRON (AIXG) 0.17
CRESCENT POINT ENERGY (CPG CN) 0.17
BRIDGESTONE (5108 JP) 0.17
NEW HOPE (NHC AU) 0.16
CORPBANCA (CORPBANC) 0.16
SINGAPORE EXCHANGE (SGX SP) 0.16
ASML HOLDING (ASML) 0.14
TOD'S (TOD IM) 0.13
MORPOL (MORPOLNO) 0.13
PZU (PZU PW) 0.12
TINGYI (322 HK) 0.10
YARA INTERNATIONAL (YAR NO) 0.05