Portfolio Holdings of the Fund

Security % of Net Assets
APPLE (AAPL) 4.97
SEVEN & I HOLDINGS (3382 JP) 2.96
LVMH MOET HENNESSY LOUIS VUITTON (MC FP) 2.56
TORAY INDUSTRIES (3402 JP) 2.30
MGM RESORTS INTERNATIONAL (MGM) 2.24
STATOIL (STL NO) 2.24
CHENIERE ENERGY (LNG) 2.18
MITSUBISHI UFJ FINANCIAL (MTU) 2.11
EBAY (EBAY) 1.89
TOYOTA MOTOR (TM) 1.89
AIA GROUP (1299 HK) 1.87
PADDY POWER (PAP LN) 1.76
STARHUB (STH SP) 1.73
KEPPEL (KEP SP) 1.65
SVENSKA HANDELSBKN (SHBA SS) 1.62
MCDONALD'S (MCD) 1.55
PRECISION CASTPARTS (PCP) 1.42
CHESAPEAKE ENERGY (CHK) 1.39
ANADARKO PETROLEUM (APC) 1.35
BANCO DAVIVIENDA S PRF (PFDAVVND) 1.34
FIRST QUANTUM MINERALS (FM CN) 1.31
DAVITA HEALTHCARE PARTNERS (DVA) 1.26
TESCO LOTUS RTL (TLGF TB) 1.18
INDUSTRIAS BACHOCO (BACHOCOB) 1.18
GRUPO ODINSA (ODINSACB) 1.16
LYNAS (LYC AU) 1.14
CEMEX (CX) 1.11
CCR (CCRO3 BZ) 1.10
HSBC HOLDINGS (HBC) 1.09
FONTERRA (FSF NZ) 1.02
EMPRESAS AQUACHILE (AQUACHIL) 0.97
GRENDENE (GRND3 BZ) 0.92
NASPERS (NPN SJ) 0.88
PZU (PZU PW) 0.85
BANK ZACHODNI (BZW PW) 0.85
ALSEA (ALSEA*MM) 0.83
DANONE (BN FP) 0.79
SINGAPORE EXCHANGE (SGX SP) 0.78
PIONEER NATURAL RESOURCES (PXD) 0.76
YARA INTERNATIONAL (YAR NO) 0.68
MANILA WATER (MWC PM) 0.67
WHITEHAVEN COAL (WHC AU) 0.64
TULLOW OIL (TLW LN) 0.62
DESARROLLADORA HOMEX (HXM) 0.59
HENGAN INTERNATIONAL (1044 HK) 0.57
CUMMINS (CMI) 0.57
STATOIL ASA SPONSORED (STO) 0.54
CORPBANCA ADR (BCA) 0.54
CORPBANCA (CORPBANC) 0.50
DELTA ELECTRONIC (2308 TT) 0.50
DASSAULT SYSTEMES (DSY FP) 0.50
L'OREAL (OR FP) 0.50
HYFLUX (HYF SP) 0.47
FONTERRA (FSF AU) 0.47
LENOVO GROUP (992 HK) 0.46
LATAM AIRLINES GROUP (LFL) 0.44
THOMPSON CREEK METAL (TC) 0.40
YAMANA GOLD (AUY) 0.35
URBI DESARROLLOS (URBI* MM) 0.28
PACIFIC RUBIALES ENENERGY (PRE CN) 0.25
CONCONCRETO (CONCONCB) 0.24
MEGASTUDY (072870KS) 0.19
RICHEMONT (CFR VX) 0.09
KEPPEL REIT (KREIT SP) 0.02