Annual Report and Audited Financial Statements

For the fi nancial year ended 30 November 2016

Dimensional Funds plcAuthorised and Regulated by the Central Bank of Ireland

Annual Report and Audited Financial Statements

No marketing notification has been submitted in Germany for the following Funds of Dimensional Funds plc:

Emerging Markets Value II Fund

Euro Inflation Linked Long Duration Fixed Income Fund

European Core Equity Fund

Global Core Equity II Fund

Global Short Fixed Income II Fund

Global Value Fund

Japan Core Equity Fund

Sterling Inflation Linked Intermediate Duration Fixed Income Fund

Sterling Inflation Linked Long Duration Fixed Income Fund

U.S. Core Equity Fund

U.S. Small Companies II Fund

U.S. Value Fund

World Allocation 20/80 Fund




Accordingly, these Funds must not be publicly marketed in Germany.

Table of Contents

Dimensional Fund Advisors Annual Report and Audited Financial Statements, 30 November 2016 1

General Information 2

Investment Manager’s Reports 3

Directors’ Report 8

Depositary Report 15

Independent Auditors’ Report 16

Statement of Financial Position 18

Statement of Comprehensive Income 27

Statement of Changes in Net Assets Attributable to Holders of Redeemable Shares 36

Portfolio of Investments

Emerging Markets Large Cap Core Equity Fund 39

Emerging Markets Value Fund 46

Euro Inflation Linked Intermediate Duration Fixed Income Fund 63

Euro Inflation Linked Long Duration Fixed Income Fund 64

European Small Companies Fund 65

European Value Fund 76

Global Core Equity Fund 78

Global Short Fixed Income Fund 131

Global Short-Term Investment Grade Fixed Income Fund 137

Global Small Companies Fund 145

Global Sustainability Core Equity Fund 186

Global Targeted Value Fund 202

Global Ultra Short Fixed Income Fund 238

Global Value Fund ( launched on 11 July 2016) 242

Pacific Basin Small Companies Fund 248

Sterling Inflation Linked Intermediate Duration Fixed Income Fund 267

U.S Core Equity Fund 268

U.S. Small Companies Fund 282

World Allocation 20/80 Fund 296




World Equity Fund 300

Notes to the Financial Statements 373

Statement of Portfolio Changes (unaudited) 420

Remuneration Policy (unaudited) 446

Securities Financing Transactions (unaudited) 447

General Information


Board of Directors: Arthur Barlow (American)

Peter Blessing (Irish)* **

David G. Booth (American)

Dermot S.L. Butler (Canadian)* **

Gregory K. Hinkle (American) (Appointed 29 August 2016)**

David R. Martin (American)** (Resigned 31 March 2016)

Catherine L. Newell (American)**

Gerard O’Reilly (Irish)

Eduardo Repetto (American)

John Romiza (American)

David Salisbury (British)**

Investment Manager: Dimensional Fund Advisors Ltd.

20 Triton Street

Regent’s Place

London, NW1 3BF

England

Investment Sub-Advisor: (All Funds)

Dimensional Fund Advisors LP

6300 Bee Cave Road, Building 1

Austin, TX 78746

USA


DFA Australia Limited

Level 43

1 Macquarie Place

Sydney NSW 2000

Australia


Dimensional Fund Advisors Pte. Ltd

8 Marina View

Asia Square Tower 1

Suite 33-01

Singapore 018960

* Independent directors

** Non-executive directors


Dimensional Japan Ltd

Kokusai Building

Suite 808

3-1-1 Marunouchi

Chiyoda-ku

Tokyo 100–0005

Japan

Registered Auditors: PricewaterhouseCoopers

Chartered Accountants and Statutory Audit Firm

1 Spencer Dock

North Wall Quay

Dublin 1

Ireland

Registered Office: 25/28 North Wall Quay

Dublin 1

Ireland

Administrator: State Street Fund Services (Ireland) Limited

78 Sir John Rogerson’s Quay

Dublin 2

Ireland

Depositary: State Street Custodial Services (Ireland) Limited


Dublin 2

Ireland

Listing Sponsor: A&L Listing

25/28 North Wall Quay

Dublin 1

Ireland

Legal Advisers in Ireland: A&L Goodbody

International Financial Services Centre

North Wall Quay

Dublin 1

Ireland

Secretary: Goodbody Secretarial Limited

25/28 North Wall Quay

Dublin 1

Ireland

Investment Manager’s Reports


Emerging Markets Large Cap Core Equity Fund The Emerging Markets Large Cap Core Equity Fund (the “Fund”)

has been invested in a broad range of large cap companies with

increased exposure to companies with smaller relative market

capitalisation, lower relative price, and higher profitability across the

emerging markets region and as at 30 November 2016 had

exposure to approximately 700 companies. This reflects our

approach of seeking to deliver highly diversified exposure to

emerging markets large cap companies.

Over the twelve months to 30 November 2016, the total return of the

Fund in U.S. Dollars (the Base Currency of the Fund) was 10.36%,

with strong performance in the emerging market countries. This

compares to a total return of 8.47% for the MSCI Emerging Markets

Index (the "Index"). The Fund’s greater emphasis to value

companies contributed to the outperformance over this period.

The Fund is fully invested and seeks to capture the returns of

emerging markets large cap companies. Fair value adjustments and

the time of valuation of currency can create differences between the

performance of the Fund versus the Index. The Index has been

included for market context purposes only.

Emerging Markets Value Fund The Emerging Markets Value Fund (the “Fund”) has been invested

in a broad range of companies with high book-to-market ratios

across the emerging markets region and as at 30 November 2016

had holdings in approximately 1,800 companies. This reflects our


emerging markets value companies.



as value companies performed well in emerging markets. This

compares to a total return of 8.47% for the MSCI Emerging Markets

Index (the "Index"). The Fund’s greater emphasis to small cap

companies also added to outperformance over this period.


emerging markets value companies. Fair value adjustments and the

time of valuation of currency can create differences between the



Euro Inflation Linked Intermediate Duration Fixed Income Fund The Euro Inflation Linked Intermediate Duration Fixed Income Fund

(the “Fund”) has been invested in EUR inflation linked issues of

Eurozone governments with maturities between three and twenty

years. The real yield to maturity on 30 November 2016 was

approximately -0.56%.

For the twelve months ending 30 November 2016, the total return

was -0.24%. This compares to a return Barclays Capital French

EMU HICP Linked 5-15 Year Bond Index (the "Index") of 0.45%. The

Index has been included for market context purposes only.

Euro Inflation Linked Long Duration Fixed Income Fund The Euro Inflation Linked Long Duration Fixed Income Fund (the

“Fund”) has been invested in EUR inflation linked issues of

Eurozone governments with maturities greater than 8 years. The real

yield to maturity on 30 November 2016 was approximately -0.31%.


was 5.15%. This compares to a return of the Barclays France

Government EMU HICP Linked 15+ Years Index (the "Index") of

0.52%. The Index has been included for market context purposes

only.

European Small Companies Fund The European Small Companies Fund (the “Fund”) has been

invested in a broad range of small companies across the European

region and as at 30 November 2016 had holdings in approximately

1,200 companies. This reflects our approach of seeking to deliver

highly diversified exposure to European small companies.


Fund in Euro (the Base Currency of the Fund) was -3.50%, as small

cap companies declined in value over the period. This compares to a

return of -5.98% for the MSCI Europe Small Cap Index (the "Index").

The Fund’s greater weight in micro-cap stocks which performed well

contributed to the outperformance.


European small companies. Fair value adjustments and the time of

valuation of currency can create differences between the



European Value Fund The European Value Fund (the “Fund”) has been invested in a broad

range of large cap value companies across the European region and

as at 30 November 2016 had holdings in approximately 140

companies. This reflects our approach of seeking to deliver highly

diversified exposure to European value companies.

Over the twelve months to 30 November 2016 the total return of the

Fund in Euro (the Base Currency of the Fund) was -4.22%, reflecting

the performance of European markets. This compares to a return of

-5.94% for the MSCI Europe Value Index (the "Index"). The Fund’s

greater allocation to low relative price companies, resulted in much

of the outperformance.


European large cap value companies. Fair value adjustments and

the time of valuation of currency can create differences between the



Investment Manager’s Reports (continued)


Global Core Equity Fund The Global Core Equity Fund (the “Fund”) has been invested in a

broad range of companies with increased exposure to companies

with high book-to-market ratios and smaller market capitalisations

across developed world markets. As at 30 November 2016, the Fund

had exposure to approximately 6,400 companies which reflects our


developed markets companies.



mainly driven by strong performance in US and Canada. This

compares to a total return of 3.15 % for the MSCI World Index

(the "Index"). The Fund outperformed the MSCI World Index due to

greater allocation to small cap and low relative price companies.

The Fund is fully invested and seeks to capture the returns of global

markets. Fair value adjustments and the time of valuation of

currency can create differences between the performance of the

Fund versus the Index. The Index has been included for market

context purposes only.

Global Short Fixed Income Fund The Global Short Fixed Income Fund (the “Fund”) has been invested

in a broad range of high quality fixed income instruments with

maturities at or below five years. As at 30 November 2016, the Fund

was diversified across 4 currencies (USD, GBP, SGD & SEK) of

issuers from 16 countries as well as supranational organisations.

The allocation across currencies has increased from 3 to 4 by

including SEK-denominated securities from December 2015. Foreign

currency exposures are hedged back to Euro (the Base Currency of

the Fund). As at 30 November 2016, the average maturity of the

Fund was approximately 3.73 years, resulting in a duration of

approximately 3.54.


Fund in Euro was 0.60%. This compares to a return on the Citigroup

WGBI Currency Hedged 1 to 5 Year EUR Index (the "Index")

of -0.08%. The Index has been included for market context purposes

only.

Global Short-Term Investment Grade Fixed Income Fund The Global Short-Term Investment Grade Fixed Income Fund (the

“Fund”) has been invested in a broad range of high quality fixed

income issues with maturities at or below five years and an average

duration of below 3 years. As of 30 November 2016, the yield to

maturity at this time was approximately 2.34%.


was 2.05%. This compares to a return on the Barclays Global

Aggregate Credit 1-5 Index (the "Index") of 2.08%. The Index has

been included for market context purposes only.

Global Small Companies Fund The Global Small Companies Fund (the “Fund”) has been invested

in a broad range of companies with smaller market capitalisations

across developed world markets. As at 30 November 2016 the Fund

had exposure to approximately 4,900 companies which reflects our


developed markets small companies.


Fund in USD (the Base Currency of the Fund) was 7.94%. This

compares to a return of 7.31% for the MSCI World Small Cap Index

(the "Index"). The Fund’s general exclusion of securities with both

high relative price and low profitability contributed to relative returns,

as these securities underperformed during the period.


small-cap companies. Fair value adjustments and the time of




Global Sustainability Core Equity Fund The Global Sustainability Core Equity Fund (the “Fund”) has been

invested in a broad range of companies with increased exposure to

companies with high book-to-market ratios and smaller market

capitalisations across developed world markets, while also adjusting

the composition of the Fund based on environmental impact

considerations. As at 30 November 2016, the Fund had exposure to

approximately 6,100 companies which reflects our approach of

seeking to deliver highly diversified exposure to developed markets

companies.



mainly driven by strong performance in US and Canada. This

compares to a total return of 3.15% for the MSCI World Index

(the "Index"). The Fund outperformed the MSCI World Index due to

a greater allocation to small cap and low relative price companies.








Global Targeted Value Fund The Global Targeted Value Fund (the “Fund”) has been invested in a

broad range of small and mid-cap companies with high book-to-

market ratios across developed world markets and as at 30

November 2016 had holdings in approximately 4,300 companies.

This reflects our approach of seeking to deliver highly diversified

exposure to small and mid-cap developed markets value companies.



due to strong performance of mid cap companies. This compares to

a total return of 9.52% for the MSCI World SMID Value Index (the

"Index"). The Fund underperformed the MSCI World SMID Value

Index due to its lower allocation to mid-cap companies, which

performed well over the period.


small and mid-cap value companies. Fair value adjustments and the

time of valuation of currency can create differences between the



Global Ultra Short Fixed Income Fund

The Global Ultra Short Fixed Income Fund (the “Fund”) has been

invested in securities with maturity up to 2 years and a minimum

credit rating of AA-. The Fund can have an average maturity of up to

1 year. As of 30 November 2016, the yield to maturity at this time

was approximately 0.13%.

For the twelve months ending 30 November 2016, the total return of

the Fund in GBP was 0.39%. This compares to a return of GBP One

Month LIBOR (the "Index") of 0.46%. The Index has been included

for market context purposes only.

Global Value Fund

The Global Value Fund (the “Fund”) has been invested in a broad

range of large cap value companies across developed world markets

and as at 30 November 2016 had holdings in approximately 550

companies. This reflects our approach of seeking to deliver highly

diversified exposure to developed value companies.

Since the inception of the Fund to 30 November 2016 the total return

of the Fund in U.S. Dollars (the Base Currency of the Fund) was

4.89%. This compares to a return of 2.24% for the MSCI World

Value Index (the "Index"). Much of the outperformance relative to the

Index can be explained by the greater focus of the Fund on lower

relative price companies.


large cap value companies. Fair value adjustments and the time of




Pacific Basin Small Companies Fund The Pacific Basin Small Companies Fund (the “Fund”) has been

invested in a broad range of small companies across the Pacific

Basin region (Australia, Hong Kong, Japan, New Zealand,

Singapore, South Korea and Taiwan – South Korea and Taiwan are

included in the Fund to increase diversification although they are not

in the MSCI Pacific Small Cap Index) and as at 30 November 2016


approach of seeking to deliver highly diversified exposure to Pacific

Basin small companies.



due to strong performance in Pacific Basin markets. This compares

to a total return of 7.35% for the MSCI Pacific Small Cap Index (the

"Index"). The Fund outperformed the Index due to its greater

allocation to small cap stocks, which performed well during the

period.

The Fund is fully invested and seeks to be well positioned to capture

the returns of small companies in the Pacific Basin. Fair value

adjustments and the time of valuation of currency can create

differences between the performance of the Fund versus the Index.

The Index has been included for market context purposes only.

Sterling Inflation Linked Intermediate Duration Fixed Income Fund The Sterling Inflation Linked Intermediate Fund (the “Fund”) has

been invested in sterling inflation linked issues of the U.K.

government with maturities between three and twenty years. The

real yield to maturity on 30 November 2016 was -1.63%.

For the twelve months ending 30 November 2016, the total return in

sterling was 9.51%. This compares to a return of the Barclays UK

Government Inflation-Linked 5-15 years Index (the "Index") of

9.86%. The Index has been included for market context purposes

only.

U.S. Core Equity Fund The U.S. Core Equity Fund (the “Fund”) has been invested in a

broad range of U.S. companies with increased exposure to

companies with high book-to-market ratios and smaller market

capitalisations. As at 30 November 2016, the Fund had exposure to

approximately 1,600 companies which reflects our approach of

seeking to deliver highly diversified exposure to developed markets

companies.



due to strong performance in the U.S. market. This compares to a

total return of 7.64% for the Russell 3000 Index (the "Index"). The

Fund outperformed the Russell 3000 Index due to its higher

allocation to small cap stocks, which performed well during the

period.



U.S. Core Equity Fund (continued) The Fund is fully invested and seeks to capture the returns of the

U.S. market. The time of valuation of currency can create differences

between the performance of the Fund versus the Index. The Index

has been included for market context purposes only.

U.S. Small Companies Fund

The U.S Small Companies Fund (the “Fund”) has been invested in a

broad range of U.S. small companies and as of 30 November 2016


approach of seeking to deliver highly diversified exposure to U.S.

small companies.



due to strong performance in the U.S. market. This compares to a

total return of 11.58% for the Russell 2000 Index (the "Index"). The

fund outperformed the Russell 2000 Index due to its higher

allocation to value stocks.

The Fund is fully invested and seeks to be well positioned to capture

the returns of U.S. small companies. The time of valuation of




World Allocation 20/80 Fund The World Allocation 20/80 Fund (the “Fund”) has been invested in a

broad range of equity securities of companies across developed and

emerging markets and fixed income securities of issuers in global

developed countries. The equity component of the Fund will

generally have a greater allocation to companies that are deemed to

be small companies and value companies. The fixed income

component will generally be invested in a broad range of high quality

fixed income issues with maturities at or below five years. The

aggregate exposure to equity and fixed income securities is

approximately 20% and 80% respectively.

As at 30 November 2016, the equity component of the Fund had

exposure to approximately 9,000 companies reflecting an approach

of seeking to deliver highly diversified exposure to developed and

emerging markets companies.

As at 30 November 2016 the fixed income component of the World

Allocation 20/80 Fund was diversified across approximately 550

bonds from 18 different countries as well as supranational

organisations and had an average credit rating of AA.

Over the twelve months to 30th November 2016, the total return of

the Fund was 6.07% in Pounds Sterling (the Base Currency of the

Fund). This compares to a return of 5.43% for the 20% MSCI World

All Country Index /80% Citigroup WGBI Currency Hedged 1 to 5

Year Index (the "Index"). The Fund outperformed its comparable

Index due to greater allocation to small cap and low relative price

companies within equities and greater allocation to securities with a

longer maturity within fixed income.

Fair value adjustments and the time of valuation of currency can

create differences between the performance of the Fund versus the

Index. The Index has been included for market context purposes

only.



















Over the twelve months to 30 November 2016, the return of the

Fund was 11.59% in Pounds Sterling (the Base Currency of the


All Country Index / 60% Citigroup WGBI Currency Hedged 1 to 5


index due to greater allocation to small cap and low relative price






only.







component will generally invested in a broad range of high quality






of seeking to deliver a highly diversified exposure to developed and




World Allocation 60/40 Fund (continued) As at 30 November 2016, the fixed income component of the World







All Country Index / 40% Citigroup WGBI Currency Hedged 1 to 5








only.






















All Country Index /20% Citigroup WGBI Currency Hedged 1 to 5








only.

World Equity Fund The World Equity Fund (the “Fund”) has been invested in a broad

range of companies with increased exposure to companies with high

book-to-market ratios and smaller market capitalisations across

developed and emerging markets.

As at 30 November 2016, the Fund had exposure to approximately

8,800 companies reflecting our approach of delivering highly

diversified exposure to developed and emerging markets

companies.



Fund), due to strong performance in equity markets. This compares

to a return of 24.91 % for the MSCI All Country World Index (the

"Index"). The Fund outperformed the Index due to greater allocation

to small cap and low relative price companies.






Dimensional Fund Advisors Ltd.

January 2017

Directors’ Report


The Directors (the “Directors”) of Dimensional Funds plc (the “Company”) submit this Annual Report together with the audited financial statements

for the financial year ended 30 November 2016. As at 30 November 2016 there were 23 active funds (30 November 2015: 22) (each a “Fund”,

together the “Funds”).

The Company is established as an umbrella investment company with segregated liability between Funds and variable capital incorporated in

Ireland as a public limited company pursuant to the Companies Act 2014 and the European Communities (Undertakings for Collective Investment in

Transferable Securities) Regulations, 2011 (as amended), and under the Central Bank (Supervision & Enforcement) Act 2013 (Section 48(1))

(Undertakings for Collective Investment in Transferable Securities) Regulations 2015) (together the “UCITS Regulations”).

The Company is constituted as an umbrella fund insofar as the share capital of the Company will be divided into different portfolios of assets which

will comprise separate funds. In accordance with the requirements of the Central Bank of Ireland (the "Central Bank") UCITS Regulations, shares

may be divided into different classes to accommodate different subscription and/or redemption charges and/or charges and/or dividend and/or fee

arrangements. The portfolio of assets maintained and comprising a separate Fund will be invested in accordance with the investment objectives

and policies applicable to such Fund. The Directors of the Company have established 31 Funds as at 31 November 2016 (30 November 2015:

32 Funds), all of which have been approved by the Central Bank.

Emerging Markets Large Cap Core Equity Fund

Emerging Markets Value Fund

Emerging Markets Value II Fund*

Euro Inflation Linked Intermediate Duration Fixed Income Fund


European Core Equity Fund*

European Small Companies Fund

European Value Fund

Global Core Equity Fund

Global Core Equity II Fund*

Global Short Fixed Income Fund

Global Short Fixed Income II Fund*

Global Short-Term Investment Grade Fixed Income Fund

Global Small Companies Fund

Global Sustainability Core Equity Fund

Global Targeted Value Fund


Global Value Fund**

Japan Core Equity Fund*

Pacific Basin Small Companies Fund


Sterling Inflation Linked Long Duration Fixed Income Fund***



U.S. Small Companies II Fund*

U.S. Value Fund*





World Equity Fund

* These funds have not issued any shares to investors and have remained dormant from the date of their approval.

** Global Value Fund commenced trading on 11 July 2016.

*** Sterling Inflation Linked Long Duration Fixed Income Fund terminated 24 March 2015.

Directors’ Report (continued)


Statement of Directors’ Responsibilities The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable Irish law and Financial

Reporting Standard (“FRS 102”); the Financial Reporting Standard applicable in the UK and Republic of Ireland. FRS 102 is effective for accounting

periods commencing 1 January 2015.

Irish company law requires the Directors to prepare financial statements for each financial year that give a true and fair view of the assets, liabilities

and financial position for the Company and of the profit or loss of the Company for that financial year. In preparing the financial statements, the

Directors are required to:

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

state, whether the financial statements have been prepared in accordance with applicable accounting standards, and note the effect &

reasons for any departure from these standards; and

prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue in

business.

The Directors confirm that they have complied with the above requirements in preparing the financial statements.

The Directors are responsible for keeping adequate accounting records which disclose, with reasonable accuracy at any time, the financial position

of the Company and to enable them to ensure that the financial statements are prepared in accordance with accounting standards generally

accepted in Ireland and that they comply with the Companies Act, 2014 and the UCITS Regulations. They are also responsible for safeguarding the

assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Under the UCITS Regulations, the Directors are required to entrust the assets of the Company to the depositary for safe-keeping. In carrying out

this duty, the Directors have delegated custody of the Company’s assets to State Street Custodial Services (Ireland) Limited (the “Depositary”).

The measures taken by the Directors to secure compliance with the Company’s obligations to keep adequate accounting records include the use of

appropriate systems and procedures and employment of competent persons. The accounting records are retained at the offices of State Street

Fund Services (Ireland) Limited, 78 Sir John Rogerson’s Quay, Dublin 2, Ireland (the “Administrator”). The Investment Manager is responsible for

the maintenance and integrity of the corporate and financial information regarding the Company included on the Investment Manager's website.

Legislation in the Republic of Ireland governing the preparation and dissemination of financial statements may differ from legislation in other

jurisdictions.

Principal Activities and Review of the Business The Company has been formed to provide investors with an opportunity to purchase shares in a series of investment funds.

The investment objective of the Emerging Markets Large Cap Core Equity Fund is to seek long term capital appreciation. The investment objective

of the Emerging Markets Value Fund, Emerging Markets Value II Fund, European Core Equity Fund, European Small Companies Fund, European

Value Fund, Global Core Equity Fund, Global Core Equity II Fund, Global Small Companies Fund, Global Sustainability Core Equity Fund, Global

Targeted Value Fund, Global Value Fund, Japan Core Equity Fund, Pacific Basin Small Companies Fund, U.S. Small Companies Fund, U.S Small

Companies II Fund, U.S. Core Equity Fund, U.S. Value Fund, World Allocation 20/80 Fund, World Allocation 40/60 Fund, World Allocation 60/40

Fund, World Allocation 80/20 Fund and World Equity Fund, is to maximise or achieve long-term total return.

The investment objective of the Euro Inflation Linked Intermediate Duration Fixed Income Fund and the Sterling Inflation Linked Intermediate

Duration Fixed Income Fund is to seek to provide inflation protected intermediate-term fixed income return.

The investment objective of the Global Ultra Short Fixed Income Fund is to seek to maximise returns from investment in short-term debt.

The investment objective of the Euro Inflation Linked Long Duration Fixed Income Fund is to seek to provide inflation protected long-term fixed

income return.



Principal Activities and Review of the Business (continued) The investment objective of the Global Short Fixed Income Fund and the Global Short Fixed Income II Fund is to seek to maximise current income

while preserving capital.

The investment objective of the Global Short-Term Investment Grade Fixed Income Fund is to seek to maximise total returns from the universe of

debt obligations in which the Fund invests.

A review of the performance of the Company together with an analysis of key financial and non-financial performance indicators is available in the

Investment Manager’s Reports.

Significant Events during the Financial Year EUR Accumulation Class of the World Allocation 20/80 Fund, World Allocation 40/60 Fund, World Allocation 60/40 Fund and World Allocation 80/20

Fund launched on 30 December 2015.

An addendum was issued on 26 February 2016. It was supplemental to the prospectus dated 23 June 2015. The main changes were as follows:

1. Amendment to the investment policies of the World Allocation 40/60 Fund and the World Allocation 60/40 Fund to align them more closely with

the World Allocation 20/80 Fund and the World Allocation 80/20 Fund, where appropriate.

2. Addition of JPY Accumulation and JPY Distributing share classes in the World Allocation 20/80 Fund.

3. Addition of USD Accumulation, USD Distributing, GBP Accumulation and GBP Distributing share classes in the Emerging Markets Large Cap

Core Equity Fund.

4. Reduction of the investment management fee for the Global Sustainability Core Equity Fund by 7bps.

5. Amendment to the investment policies of the Global Sustainability Core Equity Fund to provide additional disclosure about the profile of

companies the fund may invest in.

6. Amendment to the collateral policy to provide for derogation from collateral diversification requirements.

7. Deletion of reference to ‘UCITS Notices’ which have been replaced by the ‘Central Bank UCITS Regulations’.

8. Addition of disclosure in relation to the Investment Manager potentially investing in sub-funds of the Company.

9. Updates to the tax section.

10. Update to the OECD Common Reporting Standard description.

USD Accumulation Class of Emerging Markets Large Cap Core Equity Fund launched on 17 March 2016.

SEK Accumulation Class of World Equity Fund launched on 23 March 2016.

David R. Martin resigned as a Director of the Company on 31 March 2016.

An addendum was issued on 8 June 2016. It was supplemental to the prospectus dated 23 June 2015. The main changes were as follows:

1. Addition of EUR P Accumulation share class to the Global Value Fund.

2. Amendment to the investment policies of the Global Value Fund to limit investment in CIS to 5% of the Fund’s net assets.

3. Addition of a new risk factor in respect of the use of an Umbrella Cash Subscription and Redemption Account.

The Global Value Fund launched on 11 July 2016.

EUR P Accumulation Class of Global Value Fund launched on 11 July 2016.

EUR Accumulation Class of Euro Inflation Linked Intermediate Duration Fixed Income Fund launched 14 July 2016.

EUR Accumulation Class of Euro Inflation Linked Long Duration Fixed Income Fund launched 14 July 2016.

EUR Accumulation Class of Global Core Equity Fund launched 14 July 2016.

EUR Accumulation Class of Global Value Fund launched on 5 August 2016.



Significant Events during the Financial Year (continued) GBP Accumulation Class of Global Value Fund launched on 25 August 2016.

GBP Distributing Class of Global Value Fund launched on 25 August 2016.

Gregory K. Hinkle was appointed as a Director on 29 August 2016.

EUR Accumulation Class of Emerging Markets Large Cap Core Equity Fund launched on 31 August 2016.

JPY Accumulation Class of Global Core Equity Fund launched on 21 September 2016.

JPY Accumulation Class of Emerging Market Value Fund launched on 21 September 2016.

EUR Distributing Class of Emerging Markets Large Cap Core Equity Fund launched on 22 September 2016.

The Company entered into a Depositary agreement (as required by UCITS V) with State Street Custodial Services (Ireland) Limited dated 27 July

2016, which superseded and replaced the Custody agreement.

Other than the above these were no other significant events during the financial year ended 30 November 2016.

Outlook

Our goal at Dimensional is to deliver an outstanding investment experience to our clients. Our close ties to academia help us to identify leading

research that can be beneficial to investors, and our team works to interpret, rigorously test, and consider the practical applicability of those ideas in

carefully implemented investment strategies. This focus on research and implementation has been central to Dimensional’s approach since our

founding and will continue to be a key part of our offer to investors.

Risk Management Objectives and Policies Information in relation to the Company’s Risk Management Objectives and Policies are included in note 11 to the financial statements.

Segregated Liability The Company is an umbrella investment company with segregated liability between Funds.

Results and Dividends The Directors may declare dividends in respect of any redeemable shares out of net income (including dividend and interest income) and the

excess of realised and unrealised capital gains over realised and unrealised losses in respect of investments of the Company.

The Directors anticipate that there will be no dividend distributions in respect of the accumulation classes of the funds. Accordingly, income and

capital gains arising in respect of the accumulation classes of the Funds will be re-invested in the relevant Fund and reflected in the net asset value

per share of the relevant Fund.

The Directors anticipate making dividend distributions in respect of the distributing classes of the funds. Accordingly, any income arising in respect

of the distributing classes of the Funds, will be distributed to investors in the relevant Fund in accordance with their respective shareholdings.

Dividends of the GBP distributing class will normally be declared by the Directors for the periods ending 31 May and 30 November. Dividends of the

JPY distributing classes, if any are declared by the directors, will normally be declared for the periods ending 28 February, 31 May, 31 August and

30 November. Dividends of the other distributing classes will normally be declared by the directors for the period ending 30 November.

Dividends declared and paid during the financial year are disclosed in note 14 to the financial statements.

Connected party transactions Regulation 41 of the UCITS Regulations 'Restrictions of transactions with connected persons' states that 'A responsible person shall ensure that

any transaction between a UCITS and a connected person is conducted a) at arm’s length; and b) in the best interest of the unit-holders of the

UCITS'.

As required under UCITS Regulation 78.4, the Directors, as responsible persons are satisfied that there are in place arrangements, evidenced by

written procedures, to ensure that the obligations that are prescribed by Regulation 41(1) are applied to all transactions with a connected party; and

all transactions with connected parties that were entered into during the period to which the report relates complied with the obligations that are

prescribed by Regulation 41(1).



Post Balance Sheet Events An addendum, supplemental to the Prospectus, was issued on 5 January 2017. The purpose of this addendum was to include a disclosure in

respect of Hong Kong investors and to remove “in priority” language in respect of large redemptions, to align with the amended Memorandum and

Articles of Association.

There are no other post balance events in respect of the Company that may be deemed relevant to the accuracy of the financial statements.

Directors The names of the persons who were Directors during the financial year ended 30 November 2016 are set out on page 2.

Directors’ and Secretary’s Interests in Shares and Contracts During the financial years ended 30 November 2016 and 30 November 2015 David Salisbury held shares in certain Funds as disclosed in note 10

to the financial statements.

The authorised share capital of the Company is 500,000,030,000 shares of no par value divided into 30,000 subscriber shares of no par value, and

500,000,000,000 shares of no par value, initially designated as unclassified shares. As at 30 November 2016 Dimensional Fund Advisors LP, Peter

Blessing, David G. Booth, Dermot S.L. Butler, Arthur Barlow and Catherine L. Newell held one subscriber share each (fully paid-up) in the Company

(30 November 2015: Dimensional Fund Advisors LP, Peter Blessing, David G. Booth, Dermot S.L. Butler, Arthur Barlow and Catherine L. Newell).

Arthur Barlow, David G. Booth, Gregory K. Hinkle, Catherine L. Newell, Gerard O’Reilly, Eduardo Repetto, and John Romiza, as employees of the

Investment Manager or the Sub-Advisors for the financial year ended 30 November 2016 or part of it, are not entitled to remuneration from the

Company for this financial year.

David Salisbury was an employee of the Investment Manager until 31 December 2014. He left the investment manager on the 31 December 2014

as an employee and was then remunerated from the funds from 1 January 2015 onwards as a Director.

Aside from the information disclosed above, the Directors and Secretary and their families had no other interest in the shares of the Funds as at and

during the financial years ended 30 November 2016 or 30 November 2015. No Director had a material interest in any other contract of significance,

during or at the end of the financial year, in relation to the business of the Company.

Compliance statement The Directors acknowledge that they are responsible for securing the Company’s compliance with its relevant obligations. These include all

requirements of the Company under Section 225 of Companies Act 2014, and all tax law within the Republic of Ireland (the “relevant obligations”).

In keeping with this responsibility, the Directors have:

prepared a compliance statement setting out the Company's policies (that, in the directors’ opinion, are appropriate to the Company) for

ensuring compliance by the Company with its relevant obligations;

adequate structures in place, that in the directors’ opinion are designed to secure material compliance with the Company’s relevant

obligations; and

an annual review procedure in place to review the Company's relevant obligations and ensure a structure is in place to comply with these

obligations.

Audit Committee The Directors are aware of section 167 of the Companies Act 2014 which requires certain companies to establish an audit committee. For the year

ending 30 November 2016, the Directors confirm that they did not establish an audit committee due to the fact that the Board believes that the

Company already has adequate procedures in place that cover, in all material respects, the areas of responsibility of an audit committee, as

provided for in Section 167(7) of the Companies Act 2014 and in light of the nature, scale and complexity of the Company's sub-funds, the Board

does not believe that a separate audit committee is required in the circumstances..

Relevant Audit Information So far as the Directors are aware, there is no relevant audit information of which the Company's auditors are unaware and the Directors have taken

all the steps that should have been taken as Directors in order to make themselves aware of any relevant audit information and to establish that the

Company's auditors are aware of that information.

Independent Auditors The Auditors, PricewaterhouseCoopers, will be re-appointed in accordance with section 383(2) of the Companies Act, 2014.



Corporate Governance Statement The Company is subject to and complies with Irish Statute comprising the Companies Act, 2014, the UCITS Regulations and the Listing Rules of

the Irish Stock Exchange ("ISE"), as applicable to investment funds, and with the business plan of the Company.

Although there is no specific statutory corporate governance code applicable to Irish collective investment schemes whose shares are admitted to

trading on the ISE, the Company is subject to corporate governance practices imposed by:

(i) The Companies Act, 2014 which are available for inspection at the registered office of the Company and may also be obtained at

www.irishstatutebook.ie;

(ii) The Articles of Association of the Company which are available for inspection at the registered office of the Company and at the

Companies Registration Office in Ireland;

(iii) The Central Bank in their UCITS Regulations and Guidance Notes which can be obtained from the Central Bank’s website at:

www.centralbank.ie and are available for inspection at the registered office of the Company; and

(iv) ISE through the ISE Code of Listing Requirements and Procedures which can be obtained from the ISE’s website at www.ise.ie;

A voluntary corporate governance code (the “Code”) was issued by Irish Funds (formerly the Irish Funds Industry Association) in December 2011.

The Board of Directors (the “Board”) adopted the Code with effect from 31 December 2012. Paragraph 4.1 of the Code recommends that the Board

comprise a majority of non-executive directors. The Board currently consists of five non-executive and five executive directors. The Board believes

that this is in the best interests of Shareholders as having more senior people from the Dimensional group on the Board adds to its capabilities and

expertise.

Financial Reporting Process – Description of Main Features The Board is ultimately responsible for overseeing the establishment and maintenance of adequate internal control and risk management systems

of the Company in relation to the financial reporting process. As the Company has no employees, all functions including the preparation of the

financial statements have been outsourced. The Company has appointed State Street Fund Services (Ireland) Limited as its Administrator

consistent with the regulatory framework applicable to investment fund companies such as the Company.

On appointing the Administrator the Board noted that it was regulated by the Central Bank and, in the Board’s opinion, had significant experience as

an administrator. The Board also noted the independence of the Administrator from the Company’s Investment Manager. Subject to the supervision

of the Board, the appointment of the Administrator is intended to manage rather than eliminate the risk of failure to achieve the Company’s financial

reporting objectives and can only provide reasonable and not absolute assurance against material misstatement or loss.

The annual and interim financial statements of the Company are required to be approved by the Board of the Company and filed with the Central

Bank. The annual financial statements are also required to be filed with the ISE. The annual financial statements are required to be audited by

independent auditors who report annually to the Board on their findings. The Board evaluates and discusses significant accounting and reporting

issues as the need arises.

Risk Assessment The Board is responsible for assessing the risk of irregularities whether caused by fraud or error in financial reporting and for ensuring that

processes are in place for the timely identification of internal and external matters with a potential effect on financial reporting. The Board’s

appointment of an Administrator and Depositary independent of the Investment Manager to the Company and which is regulated by Central Bank is

intended to mitigate though not eliminate the risk of fraud or irregularities which may impact the financial statements of the Company.

Monitoring The Board receives regular presentations and review reports from the Depositary, Investment Manager and Administrator. The Board also has an

annual process to ensure that appropriate measures are taken to consider and address any control weaknesses identified and measures

recommended by the independent auditors.

Capital Structure No person has a significant direct or indirect holding of securities in the Company. No person has any special rights of control over the Company’s

share capital. There are no restrictions on voting rights.

For the appointment and replacement of Directors, the Company is governed by its Memorandum and Articles of Association, Irish Statute

comprising the Companies Act, 2014, the UCITS Regulations, the Listing Rules of the ISE as applicable to investment funds and the Code which it

adopted. The Articles of Association themselves may be amended by special resolution of the shareholders.

http://www.ise.ie/



Composition and Operation of the Board of Directors There are ten Directors currently, five of whom are non-executive and two of whom are independent of the Investment Manager as required by the

ISE Listing Rules for investment funds. All related party transactions during the financial year are detailed in note 10 to the financial statements. The

Articles of Association do not provide for retirement of Directors by rotation. However, the Directors may be removed by the shareholders by

ordinary resolution in accordance with the procedures established under the Irish Companies Act, 2014. The Board generally meets at least

quarterly.

The Directors have designated two sub-committees to carry out the management functions of the Company. A management committee consisting

of Arthur Barlow, Gregory K. Hinkle, John Romiza and Catherine L. Newell (the “Management Committee”) and an independent committee

consisting of Peter Blessing, David Salisbury and Dermot S.L. Butler (the “Independent Committee”). The Management Committee is responsible

for risk management, monitoring of investment performance, monitoring of capital, review of accounting policies and procedures, monitoring

compliance and financial control. The Independent Committee is responsible for monitoring compliance, monitoring of capital complaints handling

and internal audit. Both committees in conjunction with the Board are also responsible for decision taking and supervision of delegates.

The Board is responsible for managing the business affairs of the Company in accordance with the Articles of Association. Subject to its supervision

and direction the Board has delegated the day to day administration of the Company to the Administrator and the Investment Management and

distribution functions to Dimensional Fund Advisors Ltd. as the Investment Manager. The Company has appointed State Street Custodial Services

(Ireland) Limited as the Depositary to the Company with responsibility for the safekeeping of the assets of the Company.

Shareholders Meetings The Annual General Meeting of the Company will usually be held in Dublin, normally during the month of August or such other date as the Directors

may determine. Notice convening the Annual General Meeting in each financial year at which the audited financial statements of the Company will

be presented (together with the Directors' and Auditors' Reports of the Company) will be sent to shareholders at their registered addresses not less

than 21 days before the date fixed for the meeting. Other general meetings may be convened from time to time by the Directors in such manner as

provided by Irish law.

Each of the shares entitles the holder to attend and vote at meetings of the Company and of the Fund represented by those shares. Matters will be

determined by a meeting of shareholders on a poll. Each share gives the holder one vote in relation to any matters relating to the Company which

are submitted to shareholders for a vote by poll. No business shall be transacted at any shareholder meeting unless a quorum is present. Two

shareholders present either in person or by proxy shall be a quorum for a general meeting. If within half an hour after the time appointed for a

meeting a quorum is not present, the meeting, if convened on the requisition of or by shareholders, shall be dissolved. In any other case it shall

stand adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place as the

Directors may determine. One shareholder present either in person or by proxy shall be a quorum for any such adjourned meeting.

Approved on behalf of the Board of Directors

Peter Blessing Dermot S.L. Butler Director Director 7 March 2017

Depositary Report to the Shareholders of Dimensional Funds plc


We have enquired into the conduct of the Company for the year ended 30 November 2016, in our capacity as Depositary to the Company.

This report including the opinion has been prepared for and solely for the shareholders in the Company as a body, in accordance with Regulation

34, (1), (3) and (4) in Part 5 of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as

amended, (‘the UCITS Regulations’), and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other

purpose or to any other person to whom this report is shown.

Responsibilities of the Depositary Our duties and responsibilities are outlined in Regulation 34, (1), (3) and (4) in Part 5 of the UCITS Regulations. One of those duties is to enquire

into the conduct of the Company in each annual accounting period and report thereon to the shareholders.

Our report shall state whether, in our opinion, the Company has been managed in that period in accordance with the provisions of the Company’s

Memorandum and Articles of Association and the UCITS Regulations. It is the overall responsibility of the Company to comply with these

provisions. If the Company has not so complied, we as Depositary must state why this is the case and outline the steps which we have taken to

rectify the situation.

Basis of Depositary Opinion The Depositary conducts such reviews as it, in its reasonable opinion, considers necessary in order to comply with its duties as outlined in

Regulation 34, (1), (3) and (4) in Part 5 of the UCITS Regulations and to ensure that, in all material respects, the Company has been managed

(i) in accordance with the limitations imposed on its investment and borrowing powers by the provisions of the Company’s Memorandum and

Articles of Association and the UCITS Regulations and

(ii) otherwise in accordance with the Company’s constitutional documentation and the appropriate regulations.

Opinion In our opinion, the Company has been managed during the year, in all material respects:

(i) in accordance with the limitations imposed on the investment and borrowing powers of the Company by the Memorandum & Articles of

Association, the UCITS Regulations and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for

Collective Investment in Transferable Securities) Regulations 2015 (‘the Central Bank UCITS Regulations’); and

(ii) otherwise in accordance with the provisions of the Deed of Constitution, the UCITS Regulations and the Central Bank UCITS

Regulations.

State Street Custodial Services (Ireland) Limited


Dublin 2

Ireland

7 March 2017

Independent Auditors’ Report to the Members of Dimensional Funds plc

Report on the financial statements


Our opinion In our opinion, Dimensional Funds plc’s financial statements (the “financial statements”):

give a true and fair view of the company’s and funds’ assets, liabilities and financial position as at 30 November 2016 and of their results

for the year then ended;

have been properly prepared in accordance with Generally Accepted Accounting Practice in Ireland; and

have been properly prepared in accordance with the requirements of the Companies Act 2014 and the European Communities

(Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended).

What we have audited The financial statements, included within the Annual Report and Audited Financial Statements, comprise:

the Statement of Financial Position as at 30 November 2016;

the Statement of Comprehensive Income for the year then ended;

the Statement of Changes in Net Assets Attributable to Holders of Redeemable Shares for the year then ended;

the Portfolio of Investments for each of the funds as at 30 November 2016; and

the notes to the financial statements for the company and for each of its funds which include a summary of significant accounting policies

and other explanatory information.

The financial reporting framework that has been applied in the preparation of the financial statements is Irish law and accounting standards issued

by the Financial Reporting Council and promulgated by the Institute of Chartered Accountants in Ireland (Generally Accepted Accounting Practice in

Ireland), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

In applying the financial reporting framework, the directors have made a number of subjective judgements, for example in respect of significant

accounting estimates. In making such estimates, they have made assumptions and considered future events.

Matters on which we are required to report by the Companies Act 2014 We have obtained all the information and explanations which we consider necessary for the purposes of our audit.

In our opinion the accounting records of the company were sufficient to permit the financial statements to be readily and properly audited.

The financial statements are in agreement with the accounting records.

In our opinion the information given in the Directors’ Report is consistent with the financial statements.

In our opinion, based on the work undertaken in the course of our audit of the financial statements, the description of the main features of

the internal control and risk management systems in relation to the financial reporting process included in the Corporate Governance

Statement, is consistent with the financial statements and has been prepared in accordance with section 1373(2)(c) of the Companies Act

2014.

Based on our knowledge and understanding of the company and its environment obtained in the course of our audit of the financial

statements, we have not identified material misstatements in the description of the main features of the internal control and risk

management systems in relation to the financial reporting process included in the Corporate Governance Statement.

In our opinion, based on the work undertaken during the course of our audit of the financial statements, the information required by

section 1373(2)(a),(b),(e) and (f) is contained in the Corporate Governance Statement.

Matter on which we are required to report by exception Directors’ remuneration and transactions

Under the Companies Act 2014 we are required to report to you if, in our opinion, the disclosures of directors’ remuneration and transactions

specified by sections 305 to 312 of that Act have not been made. We have no exceptions to report arising from this responsibility.

Responsibilities for the financial statements and the audit Our responsibilities and those of the directors

As explained more fully in the Statement of Directors’ Responsibilities set out on page 9 the directors are responsible for the preparation of the

financial statements and for being satisfied that they give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordance with Irish law and International Standards on

Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

Independent Auditors’ Report to the Members of Dimensional Funds plc

(continued)


Responsibilities for the financial statements and the audit (continued) Our responsibilities and those of the directors (continued)

This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with section 391 of the

Companies Act 2014 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any

other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

What an audit of financial statements involves

We conducted our audit in accordance with International Standards on Auditing (UK and Ireland). An audit involves obtaining evidence about the

amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material

misstatement, whether caused by fraud or error. This includes an assessment of:

whether the accounting policies are appropriate to the company’s circumstances and have been consistently applied and adequately

disclosed;

the reasonableness of significant accounting estimates made by the directors; and

the overall presentation of the financial statements.

We primarily focus our work in these areas by assessing the directors’ judgements against available evidence, forming our own judgements, and

evaluating the disclosures in the financial statements.

We test and examine information, using sampling and other auditing techniques, to the extent we consider necessary to provide a reasonable basis

for us to draw conclusions. We obtain audit evidence through testing the effectiveness of controls, substantive procedures or a combination of both.

In addition, we read all the financial and non-financial information in the Annual Report and Audited Financial Statements to identify material

inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially

inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements

or inconsistencies we consider the implications for our report.

Olivia Hayden

for and on behalf of PricewaterhouseCoopers

Chartered Accountants and Statutory Audit Firm

Dublin

30 March 2017

Statement of Financial Position

as at 30 November 2016, 30 November 2015 and 1 December 2014


Emerging Markets Large Cap Core

Equity Fund Emerging Markets

Value Fund

Euro Inflation Linked Intermediate Duration Fixed

Income Fund

Note 30 Nov 2016

USD

Restated 30 Nov 2015

USD

Restated 1 Dec 2014

USD 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD

30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR

Assets Financial assets at fair value through profit or loss 3(a), 10 149,548,810 115,256,041 – 1,574,240,638 1,514,924,347 2,018,187,352 7,551,208 6,250,381 5,057,582

Cash and cash equivalents 8 170,935,127 438,288 – 1,024,901 13,651,701 9,603,017 70,872 28,433 9,738

Cash collateral received 4 1,297,694 1,884,761 – 18,567,846 29,643,049 37,926,012 – – –

Unrealised gain on forward contracts – – – – – – – – –

Unrealised gain on futures contracts 2,404 – – – – – – – –

Receivable for shares sold 129,779 – – 529,956 727,909 5,104,630 103,858 44,715 750

Receivable for securities sold 2,403 971 – 7,280,389 2,653,014 225,123 – – –

Interest and tax receivable – – – – – – 28,650 24,670 23,300

Dividends and tax receivable 74,521 29,593 – 1,129,912 933,523 526,788 – – – Amounts receivable from Investment Manager 6 – – – – – – 3,650 5,391 2,541

Prepaid fees 63 – – 18,372 452 3,953 215 252 568

Total Assets 321,990,801 117,609,654 – 1,602,792,014 1,562,533,995 2,071,576,875 7,758,453 6,353,842 5,094,479

Liabilities

Bank overdraft – – – (363,630) – – – – –

Unrealised loss on forward contracts – – – – – – – – –

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 (1,297,694) (1,884,761) – (18,567,846) (29,643,049) (37,926,012) – – –

Management fees payable 6 (5,713) – – (1,339,489) (1,365,100) (1,639,005) (3,232) (2,255) (1,310)

Payable for shares repurchased – – – (561,588) (13,378,854) (1,422,994) (4,624) (1,210) –

Payable for securities purchased (15,150,742) – – (58,505) – (6,384,071) – – –

Distributions payable (947) (947) – (3,412,972) (3,380,173) (4,776,167) – – (28,300)

Accrued expenses (66,590) (46,828) – (1,017,017) (1,364,250) (410,554) (4,415) (6,066) (1,818)

Total Liabilities (excluding net assets attributable to holders of redeemable shares) (16,521,686) (1,932,536) – (25,321,047) (49,131,426) (52,558,803) (12,271) (9,531) (31,428)

Net assets attributable to holders of redeemable shares 305,469,115 115,677,118 – 1,577,470,967 1,513,402,569 2,019,018,072 7,746,182 6,344,311 5,063,051

The accompanying notes form an integral part of the financial statements.


as at 30 November 2016, 30 November 2015 and 1 December 2014 (continued)


Euro Inflation Linked Long Duration Fixed

Income Fund European Small

Companies Fund European

Value Fund

Note 30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR 30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR 30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR

Assets

Financial assets at fair value through profit or loss 3(a), 10 119,615 15,097,907 13,177,610 145,734,333 165,124,039 159,016,252 61,515,240 57,408,499 79,086,070

Cash and cash equivalents 8 5,590 51,936 26,967 383,878 667,096 626,913 80,218 171,650 230,277

Cash collateral received 4 – – – 4,140,502 7,090,084 7,082,739 1,851,214 2,538,382 3,020,197


Unrealised gain on futures contracts – – – – – – – – –

Receivable for shares sold – – – 306,624 3,670,335 248,404 85,595 169,824 66,504

Receivable for securities sold – – – 1,202,909 119,751 85,180 – – 633,526

Interest and tax receivable 516 70,926 66,211 – – – – – –

Dividends and tax receivable – – – 391,870 382,220 377,996 346,230 302,385 332,563 Amounts receivable from Investment Manager 6 832 – – – – – – 134 –

Prepaid fees 3,426 – 628 1,634 – 1,195 1,077 644 2,180

Total Assets 129,979 15,220,769 13,271,416 152,161,750 177,053,525 167,438,679 63,879,574 60,591,518 83,371,317

Liabilities

Bank overdraft – – – – – – – – –


Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 – – – (4,140,502) (7,090,084) (7,082,739) (1,851,214) (2,538,382) (3,020,197)

Management fees payable 6 (167) (7,520) (6,338) (120,715) (132,366) (130,095) (40,584) (36,545) (65,183)

Payable for shares repurchased – – – (107,872) (25,275) (266,292) (20,203) (98,624) (204,886)

Payable for securities purchased – – – (11,220) (157,473) (147,130) – – –

Distributions payable – – – (798,537) (1,008,825) (1,373,439) (676,653) (538,233) (1,262,809)

Accrued expenses (5,887) (20,693) (3,066) (96,010) (127,610) (41,584) (35,794) (54,778) (25,929)

Total Liabilities (excluding net assets attributable to holders of redeemable shares) (6,054) (28,213) (9,404) (5,274,856) (8,541,633) (9,041,279) (2,624,448) (3,266,562) (4,579,004)

Net assets attributable to holders of redeemable shares 123,925 15,192,556 13,262,012 146,886,894 168,511,892 158,397,400 61,255,126 57,324,956 78,792,313






Global Short Fixed

Income Fund Global Short–Term Investment

Grade Fixed Income Fund

Note 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD

Assets

Financial assets at fair value through profit or loss 3(a), 10 1,708,905,101 1,370,146,550 1,183,751,314 1,908,819,015 1,335,886,383 955,833,255 533,868,962 376,725,757 143,894,776

Cash and cash equivalents 8 11,606,118 4,385,608 4,650,947 154,368,152 16,663,570 15,825,421 14,931,400 4,387,410 3,296,517

Cash collateral received 4 18,324,408 72,986,999 74,594,235 – 9,007,303 4,954,113 2,572,280 3,085,160 –

Unrealised gain on forward contracts – – – 15,031,567 22,659,413 3,578,306 6,567,672 2,095,183 329,411


Receivable for shares sold 3,237,754 2,588,890 3,854,132 1,874,067 2,658,336 2,779,582 2,420,971 1,531,103 1,868,754

Receivable for securities sold 1,359,658 1,056,047 85,027 – 3,784,473 9,588,144 – – –

Interest and tax receivable – 797 785 13,084,623 8,914,261 6,144,896 5,335,314 4,131,430 1,534,086

Dividends and tax receivable 3,523,743 2,811,816 2,322,469 754 – – 3,612 141 – Amounts receivable from Investment Manager 6 252 252 252 – – – 642 642 –

Prepaid fees 8,986 152 1,414 6,435 154 – 482 67 1,891

Total Assets 1,746,966,020 1,453,977,111 1,269,260,575 2,093,184,613 1,399,573,893 998,703,717 565,701,335 391,956,893 150,925,435

Liabilities


Unrealised loss on forward contracts – – – (148,907,149) (34,011,729) (21,685,451) (15,011,346) (3,363,756) (1,196,764)

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 (18,324,408) (72,986,999) (74,594,235) – (9,007,303) (4,954,113) (2,572,280) (3,085,160) –

Management fees payable 6 (842,039) (681,419) (554,208) (845,568) (562,640) (378,413) (221,936) (156,797) (53,627)

Payable for shares repurchased (4,259,208) (1,299,793) (982,226) (8,593,059) (733,578) (242,176) (436,987) (282,010) (74,034)

Payable for securities purchased (126,594) (1,721,634) (612,335) (22,989,712) – (4,083,656) (5,125,392) – (2,498,960)

Distributions payable (11,371,829) (7,953,965) (5,742,251) (10,802,931) (8,054,323) (6,056,541) (3,496,674) (2,226,667) (592,425)


Total Liabilities (excluding net assets attributable to holders of redeemable shares) (35,513,878) (85,244,166) (82,677,096) (192,696,104) (52,837,045) (37,543,448) (27,026,070) (9,244,222) (4,428,261)

Net assets attributable to holders of redeemable shares 1,711,452,142 1,368,732,945 1,186,583,479 1,900,488,509 1,346,736,848 961,160,269 538,675,265 382,712,671 146,497,174





Global Small

Companies Fund

Global Sustainability

Core Equity Fund Global Targeted

Value Fund

Note 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD

Assets

Financial assets at fair value through profit or loss 3(a), 10 483,191,311 471,212,773 375,736,942 94,547,498 80,649,411 67,896,852 1,866,658,104 1,519,538,678 1,311,361,899

Cash and cash equivalents 8 2,590,413 1,470,974 1,221,394 1,019,428 228,273 494,443 7,727,132 5,364,077 5,189,330

Cash collateral received 4 7,593,955 41,117,792 36,295,235 599,596 9,665,985 7,657,863 28,185,053 143,863,173 132,875,721

Unrealised gain on forward contracts – 154 – – 61 – – – –


Receivable for shares sold 629,981 976,702 1,116,680 136,077 194,283 23,032 2,947,746 3,883,290 2,830,831

Receivable for securities sold 534,237 78,786 588,720 – 72,122 1,110 8,732,050 409,920 2,006,697

Interest and tax receivable – 613 604 – – – – 5,303 5,218

Dividends and tax receivable 719,888 645,785 495,682 371,682 173,960 231,131 2,987,709 2,588,432 1,917,123 Amounts receivable from Investment Manager 6 – – 83,673 21,731 24,353 9,281 – – –

Prepaid fees 2,946 – 28,417 553 86 1452 11,128 – 1,392

Total Assets 495,262,731 515,503,579 415,567,347 96,696,565 91,008,534 76,315,164 1,917,248,922 1,675,652,873 1,456,188,211

Liabilities

Bank overdraft – – – (115,729) – – – – –

Unrealised loss on forward contracts – – – – – – (293) – –

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 (7,593,955) (41,117,792) (36,295,235) (599,596) (9,665,985) (7,657,863) (28,185,053) (143,863,173) (132,875,721)

Management fees payable 6 (341,691) (334,076) (293,860) (60,437) (53,671) (40,720) (1,516,222) (1,253,933) (1,032,410)

Payable for shares repurchased (467,239) (184,986) (98,200) (150,622) (75,647) (253,389) (1,902,383) (1,248,910) (1,546,142)

Payable for securities purchased (9,788) (347,460) (757,186) (160,534) (94,701) (530) (800,071) (1,485,631) (2,481,576)

Distributions payable (2,375,287) (1,703,744) (653,375) (300,709) (180,442) (152,432) (7,690,712) (6,002,291) (4,043,463)


Total Liabilities (excluding net assets attributable to holders of redeemable shares) (11,038,214) (43,976,152) (38,169,644) (1,433,226) (10,138,091) (8,117,026) (40,773,689) (154,547,789) (142,215,618)

Net assets attributable to holders of redeemable shares 484,224,517 471,527,427 377,397,703 95,263,339 80,870,443 68,198,138 1,876,475,233 1,521,105,084 1,313,972,593





Global Ultra Short

Fixed Income Fund Global Value

Fund* Pacific Basin Small Companies Fund

Note 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD

Assets

Financial assets at fair value through profit or loss 3(a), 10 467,131,261 318,306,539 204,968,990 124,453,216 – – 64,801,713 67,700,534 58,618,514

Cash and cash equivalents 8 26,080,790 4,247,084 384,607 625,255 – – 64,067 289,469 159,584

Cash collateral received 4 – – – – – – 678,210 881,132 582,863

Unrealised gain on forward contracts 2,979,129 42,887 155,741 – – – – – –


Receivable for shares sold 1,160,208 1,197,851 732,883 230,040 – – 117,283 24,930 218,463

Receivable for securities sold – – – 169,477 – – 819,655 13,675 207

Interest and tax receivable 1,979,083 1,337,388 2,401,046 – – – – – –

Dividends and tax receivable 340 259 – 352,460 – – 198,612 191,572 207,485 Amounts receivable from Investment Manager 6 85,324 37,883 25,824 32,750 – – 37,319 72,248 41,002

Prepaid fees 1,897 213 273 – – – 967 – 24,100

Total Assets 499,418,032 325,170,104 208,669,364 125,863,198 – – 66,717,826 69,173,560 59,852,218

Liabilities

Bank overdraft – – – – – – (553,361) – –

Unrealised loss on forward contracts (23,319,558) (4,523,897) (325,302) (76) – – – – –

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 – – – – – – (678,210) (881,132) (582,863)

Management fees payable 6 (154,700) (79,206) (49,306) (146,384) – – (107,954) (81,140) (54,120)

Payable for shares repurchased (627,969) (888,646) (326,772) (2,183) – – (69,330) (23,085) (69,741)

Payable for securities purchased – – – (305,540) – – – (21,235) (19,720)

Distributions payable (1,785,113) (936,023) (401,116) (15,129) – – (369,227) (494,193) (376,222)

Accrued expenses (144,486) (110,835) (31,419) (68,114) – – (68,929) (84,994) (25,880)

Total Liabilities (excluding net assets attributable to holders of redeemable shares) (26,031,826) (6,538,607) (1,133,915) (537,426) – – (1,847,011) (1,585,779) (1,128,546)

Net assets attributable to holders of redeemable shares 473,386,206 318,631,497 207,535,449 125,325,772 – – 64,870,815 67,587,781 58,723,672

The accompanying notes form an integral part of the financial statements. *Global Value Fund commenced trading on 11 July 2016




Pacific Basin Value Fund*

Sterling Inflation Linked Intermediate Duration

Fixed Income Fund

Sterling Inflation Linked Long Duration Fixed Income Fund**

Note 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP

Assets

Financial assets at fair value through profit or loss 3(a), 10 – – 11,342,064 503,322,004 378,022,851 356,330,163 – – 3,988,357

Cash and cash equivalents 8 – 21,590 50,563 3,202,557 1,905,410 1,610,007 – 876 15,610

Cash collateral received 4 – – 546,927 – – – – – –

Unrealised gain on forward contracts – – – – – – –

Unrealised gain on futures contracts – – – – – – –

Receivable for shares sold – – 6,605 2,504,705 1,128,711 791,580 – – 73,662

Receivable for securities sold – – 3,178 – – – – – –

Interest and tax receivable – – – 2,390,785 1,912,384 1,705,718 – – 1,384

Dividends and tax receivable – – 236,641 – – – – – – Amounts receivable from Investment Manager 6 – 10,094 – – – 30 – – 875

Prepaid fees – – 1,546 2,660 105 267 – – 1,019

Total Assets 31,684 12,187,524 511,422,711 382,969,461 360,437,765 876 4,080,907

Liabilities –



Unrealised loss on futures contracts – – – – – Payable under securities loan agreements 4 – – (546,927) – – – – – –

Management fees payable 6 – (10,323) (20,060) (126,707) (93,918) (83,571) – (856) (1,681)

Payable for shares repurchased – – (280) (410,747) (152,163) (325,368) – – (66,292)

Payable for securities purchased – – – – – – – – –

Distributions payable – – (96,804) (3,105,613) (2,865,574) (4,107,666) – – –

Accrued expenses (21,361) (10,450) (162,180) (155,515) (42,466) (20) (435)

Total Liabilities (excluding net assets attributable to holders of redeemable shares) – (31,684) (674,521) (3,805,247) (3,267,170) (4,559,071) – (876) (68,408)

Net assets attributable to holders of redeemable shares – – 11,513,003 507,617,464 379,702,291 355,878,694 – – 4,012,499

The accompanying notes form an integral part of the financial statements. * Pacific Basin Value Fund terminated 14 September 2015. ** Sterling Inflation Linked Long Duration Fixed Income Fund terminated 24 March 2015.




U.S. Core Equity

Fund U.S. Small Companies

Fund World Allocation

20/80 Fund

Note 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

USD


USD

Restated 1 Dec 2014

USD 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP

Assets

Financial assets at fair value through profit or loss 3(a), 10 6,711,361 105,172,247 – 167,980,339 161,838,819 162,354,817 11,304,184 151,417 –

Cash and cash equivalents 8 71,739 306,379 – 3,969 1,241,457 482,431 80,045 182 –

Cash collateral received 4 – 19,141,296 – 768,886 30,154,502 30,562,573 – – –



Receivable for shares sold – – – 187,595 129,393 134,659 272,265 60,976 –

Receivable for securities sold – – – 1,601,126 – 147,142 – – –

Interest and tax receivable – – – – – – 30,057 377 –

Dividends and tax receivable 27,026 153,570 – 149,755 143,271 150,995 60,058 498 – Amounts receivable from Investment Manager 6 1,771 3,019 – – – – 24,390 1,263 –

Prepaid fees 355 – – 1,834 373 5,342 155 – –

Total Assets 6,812,252 124,776,511 – 170,693,504 193,507,815 193,837,959 11,771,154 214,713 –

Liabilities

Bank overdraft – – – (916,959) – – – – –

Unrealised loss on forward contracts – (1,459,746) – – – – (10,602) – –

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 – (19,141,296) – (768,886) (30,154,502) (30,562,573) – – –

Management fees payable 6 (4,927) (27,153) – (92,394) (90,630) (92,594) (12,705) (39) –

Payable for shares repurchased – – – (306,931) (80,710) (175,719) – – –

Payable for securities purchased (7,766) – – – (45,886) – (68,078) (49,995) –

Distributions payable – – – (108,590) (133,207) (179,685) (7,555) (249) –

Accrued expenses (25,864) (16,854) – (66,999) (76,908) (41,093) (10,648) (1,247) – Total Liabilities (excluding net assets attributable to holders of redeemable shares) (38,557) (20,645,049) – (2,260,759) (30,581,843) (31,051,664) (109,588) (51,530) –

Net assets attributable to holders of redeemable shares 6,773,695 104,131,462 – 168,432,745 162,925,972 162,786,295 11,661,566 163,183 – The accompanying notes form an integral part of the financial statements.




World Allocation

40/60 Fund World Allocation


80/20 Fund

Note 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP

Assets

Financial assets at fair value through profit or loss 3(a), 10 209,396,647 118,593,057 89,253,947 411,203,827 262,014,953 177,903,679 32,939,435 457,219 –

Cash and cash equivalents 8 1,173,573 801,844 80,189 426,606 1,834,013 304,163 383,218 22,395 –

Cash collateral received 4 – – – – – – – – –

Unrealised gain on forward contracts – – – 401 – – – – –


Receivable for shares sold 1,097,181 340,455 247,256 1,687,752 628,958 1,314,016 436,378 – –

Receivable for securities sold – 900,000 – – 400,000 – – – –

Interest and tax receivable – – – – – – – – –

Dividends and tax receivable 1,569,076 591,484 571,070 2,921,771 1,282,842 1,122,149 218,347 3,029 – Amounts receivable from Investment Manager 6 94,829 51,191 34,036 235,950 149,194 99,596 77,898 1,430 –

Prepaid fees 699 73 73 1,133 76 76 145 – –

Total Assets 213,332,005 121,278,104 90,186,571 416,477,440 266,310,036 180,743,679 34,055,421 484,073 –

Liabilities


Unrealised loss on forward contracts (6,952) – – (10,333) – – (1,678) – –

Unrealised loss on futures contracts – – – – – – – – – Payable under securities loan agreements 4 – – – – – – – – –

Management fees payable 6 (102,093) (58,654) (42,191) (255,653) (169,637) (115,039) (54,447) (128) –

Payable for shares repurchased (124,886) (446,182) (156,467) (246,813) (146,225) (28,844) – – –

Payable for securities purchased (1,300,000) (1,650,000) – – (1,900,000) (1,071,483) (410,000) (21,582) –

Distributions payable (452,810) (226,499) (176,144) (969,882) (676,468) (483,211) (30,374) (1,702) –

Accrued expenses (59,898) (45,152) (21,802) (100,681) (88,445) (36,551) (23,463) (1,318) – Total Liabilities (excluding net assets attributable to holders of redeemable shares) (2,046,639) (2,426,487) (396,604) (1,583,362) (2,980,775) (1,735,128) (519,962) (24,730) –

Net assets attributable to holders of redeemable shares 211,285,366 118,851,617 89,789,967 414,894,078 263,329,261 179,008,551 33,535,459 459,343 – The accompanying notes form an integral part of the financial statements.




World Equity

Fund

Dimensional

Funds plc

Note 30 Nov 2016

GBP


GBP

Restated 1 Dec 2014

GBP 30 Nov 2016

EUR


EUR

Restated 1 Dec 2014

EUR

Assets

Financial assets at fair value through profit or loss 3(a), 10 763,331,245 393,512,425 271,312,324 10,753,320,969 8,831,392,342 6,706,109,226

Cash and cash equivalents 8 4,894,333 603,329 1,134,239 235,964,774 61,089,516 41,365,471

Cash collateral received 4 9,825,679 17,000,263 29,886,804 91,741,434 376,446,691 310,631,829

Unrealised gain on forward contracts – – – 24,745,983 24,703,888 4,038,795

Unrealised gain on futures contracts – – – 2,269 – –

Receivable for shares sold 1,076,962 4,404,932 1,201,795 182,505,828 27,126,598 20,758,657

Receivable for securities sold 844,345 17,329 19,760 21,541,981 9,837,503 12,788,654

Interest and tax receivable – – – 23,342,157 17,559,840 12,636,192

Dividends and tax receivable 1,300,742 647,111 406,616 16,905,552 11,545,747 8,242,832 Amounts receivable from Investment Manager 6 – 80 24,534 705,576 453,826 342,796

Prepaid fees 1,908 92 92 66,044 2,916 62,694

Total Assets 781,275,214 416,185,561 303,986,164 11,350,842,567 9,360,158,867 7,116,977,146

Liabilities

Bank overdraft – (735,767) – (1,839,667) (1,048,848) –

Unrealised loss on forward contracts – (322) – (190,635,414) (45,026,627) (23,056,124)

Unrealised loss on futures contracts – – – – – – Payable under securities loan agreements 4 (9,825,679) (17,000,263) (29,886,804) (91,741,434) (376,446,691) (310,631,829)

Management fees payable 6 (532,199) (253,266) (173,440) (6,887,477) (5,513,470) (4,204,428)

Payable for shares repurchased (1,444,716) (425,175) (104,353) (19,792,471) (19,480,601) (5,695,564)

Payable for securities purchased (110,851) (1,177,899) (479,262) (45,748,767) (10,516,998) (16,430,181)

Distributions payable (3,855,404) (1,754,983) (981,055) (51,824,885) (39,707,413) (29,801,229)

Accrued expenses (321,056) (282,846) (82,876) (4,538,713) (4,863,266) (1,300,096)

Total Liabilities (excluding net assets attributable to holders of redeemable shares) (16,089,905) (21,630,521) (31,707,790) (413,008,828) (502,603,914) (391,119,451)

Net assets attributable to holders of redeemable shares 765,185,309 394,555,040 272,278,374 10,937,833,739 8,857,554,953 6,725,857,695

The accompanying notes form an integral part of the financial statements. All the intercompany balances due to cross investment within the Company have been eliminated in the Company total. Refer to note 10 for further detail. Approved on behalf of the Board of Directors on 7 March 2017

Peter Blessing Dermot S.L. Butler Director Director 7 March 2017

Statement of Comprehensive Income

for the financial years ended 30 November 2016 and 30 November 2015




Value Fund


Income Fund

Note 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

EUR


EUR

Income

Interest income 3(b) – – 3,277 3,790 72,924 71,154

Dividend income 3(b) 3,645,670 3,022,400 43,709,817 52,447,784 – –

Securities lending income 3(k) 78,344 11,363 2,847,773 2,098,647 – –

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 8,795,619 (36,848,169) 173,656,699 (433,789,563) 16,996 259,833

Net income/(loss) 12,519,633 (33,814,406) 220,217,566 (379,239,342) 89,920 330,987

Expenses

Management fees 6 (11,574) – (7,469,788) (8,988,068) (10,533) (9,879)

Administration and depositary fees 6 (71,071) (24,749) (1,565,847) (1,780,542) (5,963) (8,024)

Audit and legal fees 6 (2,614) (9,036) (124,808) (104,297) (480) (401)

Other expenses (41,039) (21,169) (399,976) (624,329) (2,163) (3,652)

Total operating expenses before waivers (126,298) (54,954) (9,560,419) (11,497,236) (19,139) (21,956)

Waivers and reimbursements 6 1,157 – – – 504 4,253

Total operating expenses (125,141) (54,954) (9,560,419) (11,497,236) (18,635) (17,703)

Net income/(loss) from operations before finance costs 12,394,492 (33,869,360) 210,657,147 (390,736,578) 71,285 313,284

Finance costs

Interest expense (678) – (9,569) (45,604) (84,748) (72,968)

Total finance costs (678) – (9,569) (45,604) (84,748) (72,968)

Net income/(loss) from operations before tax 12,393,814 (33,869,360) 210,647,578 (390,782,182) (13,463) 240,316

Withholding tax on dividends and other taxation 7 (480,773) (355,058) (5,914,304) (6,590,657) – –

Net income/(loss) from operations after tax 11,913,041 (34,224,418) 204,733,274 (397,372,839) (13,463) 240,316

Increase/(decrease) in net assets attributable to holders of redeemable shares 11,913,041 (34,224,418) 204,733,274 (397,372,839) (13,463) 240,316

Gains and losses arose solely from continuing operations. There were no gains or losses other than those dealt with in the Statement of Comprehensive Income. The accompanying notes form an integral part of the financial statements.


for the financial years ended 30 November 2016 and 30 November 2015 (continued)



Income Fund European Small Companies Fund

European Value Fund

Note 30 Nov 2016

EUR


EUR 30 Nov 2016

EUR


EUR 30 Nov 2016

EUR


EUR

Income

Interest income 3(b) 36,121 94,035 3,312 50,617 25,217 10,696

Dividend income 3(b) – – 3,703,783 4,198,215 2,171,577 2,088,530

Securities lending income 3(k) – – 242,799 218,517 23,302 34,785

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 751,698 811,645 (9,657,889) 33,785,494 (3,440,717) 886,654

Net income/(loss) 787,819 905,680 (5,707,995) 38,252,843 (1,220,621) 3,020,665

Expenses

Management fees 6 (28,439) (42,706) (718,936) (782,713) (216,287) (234,276)

Administration and depositary fees 6 (10,635) (26,792) (138,228) (145,646) (46,838) (61,496)

Audit and legal fees 6 (954) (901) (10,682) (9,898) (4,287) (4,116)

Other expenses 977 (9,033) (37,497) (81,214) (9,625) (64,334)

Total operating expenses before waivers (39,051) (79,432) (905,343) (1,019,471) (277,037) (364,222)

Waivers and reimbursements 6 1,333 3 – – – 134

Total operating expenses (37,718) (79,429) (905,343) (1,019,471) (277,037) (364,088)

Net income/(loss) from operations before finance costs 750,101 826,251 (6,613,338) 37,233,372 (1,497,658) 2,656,577

Finance costs

Interest expense (78) – (3,413) (17,880) (1,000) (376)

Total finance costs (78) – (3,413) (17,880) (1,000) (376)

Net income/(loss) from operations before tax 750,023 826,251 (6,616,751) 37,215,492 (1,498,658) 2,656,201

Withholding tax on dividends and other taxation 7 – – (233,385) (245,708) (111,835) (114,998)

Net income/(loss) from operations after tax 750,023 826,251 (6,850,136) 36,969,784 (1,610,493) 2,541,203

Increase/(decrease) in net assets attributable to holders of redeemable shares 750,023 826,251 (6,850,136) 36,969,784 (1,610,493) 2,541,203






Global Short Fixed



Note 30 Nov 2016

USD


USD 30 Nov 2016

EUR


EUR 30 Nov 2016

USD


USD

Income

Interest income 3(b) 11,603 14,739 28,909,291 21,782,293 8,732,816 4,758,013

Dividend income 3(b) 39,118,182 30,611,839 – – – 582

Securities lending income 3(k) 829,962 622,021 8,135 14,802 2,936 –

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 53,194,325 (32,935,948) (10,821,574) 53,024,513 (57,094,023) (21,796,772)

Net income/(loss) 93,154,072 (1,687,349) 18,095,852 74,821,608 (48,358,271) (17,038,177)

Expenses

Management fees 6 (4,559,552) (3,883,644) (4,162,650) (2,997,488) (1,148,813) (691,375)


Audit and legal fees 6 (114,163) (74,863) (122,626) (76,595) (34,259) (24,366)

Other expenses (293,531) (276,149) (200,707) (173,891) (67,932) (68,291)

Total operating expenses before waivers (5,778,815) (4,922,965) (5,139,662) (3,742,463) (1,460,625) (911,278)

Waivers and reimbursements 6 – – – – – 642

Total operating expenses (5,778,815) (4,922,965) (5,139,662) (3,742,463) (1,460,625) (910,636)

Net income/(loss) from operations before finance costs 87,375,257 (6,610,314) 12,956,190 71,079,145 (49,818,896) (17,948,813)

Finance costs

Interest expense (5,235) (3,154) (94,693) (31,550) (216) (15,981)

Total finance costs (5,235) (3,154) (94,693) (31,550) (216) (15,981)

Net income/(loss) from operations before tax 87,370,022 (6,613,468) 12,861,497 71,047,595 (49,819,112) (17,964,794)

Withholding tax on dividends and other taxation 7 (7,362,068) (6,041,896) (15,024) 30,351 (1,181) (16,281)

Net income/(loss) from operations after tax 80,007,954 (12,655,364) 12,846,473 71,077,946 (49,820,293) (17,981,075)

Increase/(decrease) in net assets attributable to holders of redeemable shares 80,007,954 (12,655,364) 12,846,473 71,077,946 (49,820,293) (17,981,075)





Global Small

Companies Fund



Value Fund

Note 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD

Income

Interest income 3(b) 2,752 3,725 225 93 16,455 43,769

Dividend income 3(b) 10,870,752 8,939,064 2,033,816 1,534,067 34,619,599 29,298,034

Securities lending income 3(k) 702,096 431,451 26,136 24,086 1,610,450 1,360,365

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 32,065,461 3,582,360 1,916,097 (1,574,247) 147,434,511 (22,956,872)

Net income/(loss) 43,641,061 12,956,600 3,976,274 (16,001) 183,681,015 7,745,296

Expenses

Management fees 6 (2,049,415) (1,908,578) (291,971) (303,573) (8,151,304) (7,243,409)


Audit and legal fees 6 (34,431) (25,901) (5,890) (4,365) (122,961) (85,818)

Other expenses (125,012) (130,793) (17,440) (39,125) (247,247) (294,906)

Total operating expenses before waivers (2,542,137) (2,444,869) (391,730) (420,389) (9,457,000) (8,428,419)

Waivers and reimbursements 6 – 1,340 61,505 74,390 – –

Total operating expenses (2,542,137) (2,443,529) (330,225) (345,999) (9,457,000) (8,428,419)

Net income/(loss) from operations before finance costs 41,098,924 10,513,071 3,646,049 (362,000) 174,224,015 (683,123)

Finance costs

Interest expense (1,857) (519) (185) (29) (5,461) (4,838)

Total finance costs (1,857) (519) (185) (29) (5,461) (4,838)

Net income/(loss) from operations before tax 41,097,067 10,512,552 3,645,864 (362,029) 174,218,554 (687,961)

Withholding tax on dividends and other taxation 7 (1,902,971) (1,555,752) (335,983) (274,504) (5,451,911) (4,670,198)

Net income/(loss) from operations after tax 39,194,096 8,956,800 3,309,881 (636,533) 168,766,643 (5,358,159)

Increase/(decrease) in net assets attributable to holders of redeemable shares 39,194,096 8,956,800 3,309,881 (636,533) 168,766,643 (5,358,159)





Global Ultra Short

Fixed Income Fund Global Value Fund*

Pacific Basin Small

Companies fund

Note 30 Nov 2016

GBP


GBP 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD

Income

Interest income 3(b) 3,505,114 1,756,311 – – 205 208

Dividend income 3(b) – – 1,176,594 – 1,570,408 1,584,385

Securities lending income 3(k) 1,742 4,159 554 – 88,614 76,023

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 5,243,182 (3,731,495) 8,169,381 – 3,178,402 1,968,783

Net income/(loss) 8,750,038 (1,971,025) 9,346,529 – 4,837,629 3,629,399

Expenses

Management fees 6 (572,306) (360,905) (320,763) – (291,313) (315,637)

Administration and depositary fees 6 (180,202) (120,630) (46,115) – (108,549) (100,993)

Audit and legal fees 6 (28,522) (20,097) (9,814) – (4,563) (3,707)

Other expenses (60,404) (41,486) (33,241) – (42,207) (67,295)

Total operating expenses before waivers (841,434) (543,118) (409,933) – (446,632) (487,632)

Waivers and reimbursements 6 82,705 59,636 37,682 – 39,696 43,466

Total operating expenses (758,729) (483,482) (372,251) – (406,936) (444,166)

Net income/(loss) from operations before finance costs 7,991,309 (2,454,507) 8,974,278 – 4,430,693 3,185,233

Finance costs

Interest expense (27,055) (57,809) (259) – (71) (6)

Total finance costs (27,055) (57,809) (259) – (71) (6)

Net income/(loss) from operations before tax 7,964,254 (2,512,316) 8,974,019 – 4,430,622 3,185,227

Withholding tax on dividends and other taxation 7 1,687 (1,687) (221,072) – (163,387) (169,975)

Net income/(loss) from operations after tax 7,965,941 (2,514,003) 8,752,947 – 4,267,235 3,015,252

Increase/(decrease) in net assets attributable to holders of redeemable shares 7,965,941 (2,514,003) 8,752,947 – 4,267,235 3,015,252

Gains and losses arose solely from continuing operations. There were no gains and losses other than those dealt with in the Statement of Comprehensive Income. The accompanying notes form an integral part of the financial statements. *Global Value Fund commenced trading on 11 July 2016.




Pacific Basin Value Fund*

Sterling Inflation Linked Intermediate Duration Fixed Income Fund**

Sterling Inflation Linked Long Duration

Fixed Income Fund

Note 30 Nov 2016

USD


USD 30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP

Income

Interest income 3(b) – 62 6,971,866 6,620,603 – 18,363

Dividend income 3(b) – 217,100 – – – –

Securities lending income 3(k) – 2,247 – – – –

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 – 166,555 33,007,489 (6,520,946) – (145,451)

Net income/(loss) – 385,964 39,979,355 99,657 – (127,088)

Expenses

Management fees 6 – (34,897) (656,947) (539,413) – (5,739)

Administration and depositary fees 6 – (13,042) (213,262) (173,616) – (1,409)

Audit and legal fees 6 – (476) (32,458) (21,394) – (1,722)

Other expenses – (27,217) (34,022) (65,387) – 784

Total operating expenses before waivers – (75,632) (936,689) (799,810) – (8,086)

Waivers and reimbursements 6 21,499 – 38 4,035

Total operating expenses – (54,133) (936,689) (799,772) – (4,051)

Net income/(loss) from operations before finance costs – 331,831 39,042,666 (700,115) – (131,139)

Finance costs

Interest expense – (321) – – – –

Total finance costs – (321) – – – –

Net income/(loss) from operations before tax – 331,510 39,042,666 (700,115) – (131,139)

Withholding tax on dividends and other taxation 7 – (16,459) – – – –

Net income/(loss) from operations after tax – 315,051 39,042,666 (700,115) – (131,139)

Increase/(decrease) in net assets attributable to holders of redeemable shares – 315,051 39,042,666 (700,115) – (131,139)

Gains and losses arose solely from continuing operations. There were no gains and losses other than those dealt with in the Statement of Comprehensive Income. The accompanying notes form an integral part of the financial statements. * Pacific Basin Value Fund terminated 14 September 2015. ** Sterling Inflation Linked Long Duration Fixed Income Fund terminated 24 March 2015.




U.S. Core

Equity Fund

U.S. Small

Companies Fund

World Allocation

20/80 Fund

Note 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

GBP


GBP

Income

Interest income 3(b) – – 1,227 393 3,896 18

Dividend income 3(b) 1,993,785 302,735 2,205,593 2,221,845 85,407 498

Securities lending income 3(k) 35,872 3,620 129,306 117,293 – –

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 4,472,372 (2,643,766) 20,155,970 5,677,810 273,063 (36)

Net income/(loss) 6,502,029 (2,337,411) 22,492,096 8,017,341 362,366 480

Expenses

Management fees 6 (202,436) (27,153) (547,063) (574,273) (12,666) (39)

Administration and depositary fees 6 (37,449) (8,968) (81,296) (77,211) (15,016) (199)

Audit and legal fees 6 (1,017) (5,908) (11,287) (10,170) (272) (1)

Other expenses (9,173) (1,979) (45,594) (73,635) (4,874) (1,048)

Total operating expenses before waivers (250,075) (44,008) (685,240) (735,289) (32,828) (1,287)

Waivers and reimbursements 6 1,683 3,019 – – 24,351 1,263

Total operating expenses (248,392) (40,989) (685,240) (735,289) (8,477) (24)

Net income/(loss)from operations before finance costs 6,253,637 (2,378,400) 21,806,856 7,282,052 353,889 456

Finance costs

Interest expense (30) (43) (244) (1,099) – –

Total finance costs (30) (43) (244) (1,099) – –

Net income/(loss) from operations before tax 6,253,607 (2,378,443) 21,806,612 7,280,953 353,889 456

Withholding tax on dividends and other taxation 7 (584,024) (86,341) (648,660) (607,919) – –

Net income/(loss) from operations after tax 5,669,583 (2,464,784) 21,157,952 6,673,034 353,889 456

Increase/(decrease) in net assets attributable to holders of redeemable shares 5,669,583 (2,464,784) 21,157,952 6,673,034 353,889 456

Gains and losses arose solely from continuing operations. There were no gains and losses other than those dealt with in the Statement of Comprehensive Income. The accompanying notes form an integral part of the financial statements.




World Allocation

40/60 Fund

World Allocation


80/20 Fund

Note 30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP

Income

Interest income 3(b) 760 459 1,581 1,137 – –

Dividend income 3(b) 2,701,025 1,539,524 5,750,112 3,707,163 297,356 3,029

Securities lending income 3(k) – – – – – –

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 15,242,096 21,883 48,321,014 (126,069) 3,443,260 4,130

Net income 17,943,881 1,561,866 54,072,707 3,582,231 3,740,616 7,159

Expenses

Management fees 6 (472,272) (312,044) (1,142,228) (779,741) (54,319) (128)

Administration and depositary fees 6 (44,379) (33,063) (74,183) (67,531) (27,783) (269)

Audit and legal fees 6 (10,692) (6,212) (22,318) (13,291) (4,780) (2)

Other expenses (13,446) (18,358) (17,879) (29,773) (5,759) (1,047)

Total operating expenses before waivers (540,789) (369,677) (1,256,608) (890,336) (92,641) (1,446)

Waivers and reimbursements 6 451,298 280,091 1,058,047 692,124 77,770 1,430

Total operating expenses (89,491) (89,586) (198,561) (198,212) (14,871) (16)

Net income from operations before finance costs 17,854,390 1,472,280 53,874,146 3,384,019 3,725,745 7,143

Finance costs

Interest expense (22) (22) (195) – (164) –

Total finance costs (22) (22) (195) – (164) –

Net income from operations before tax 17,854,368 1,472,258 53,873,951 3,384,019 3,725,581 7,143

Withholding tax on dividends and other taxation 7 (11,824) (33,608) (39,270) (101,368) – –

Net income from operations after tax 17,842,544 1,438,650 53,834,681 3,282,651 3,725,581 7,143

Increase in net assets attributable to holders of redeemable shares 17,842,544 1,438,650 53,834,681 3,282,651 3,725,581 7,143

Gains and losses arose solely from continuing operations. There were no gains and losses other than those dealt with in the Statement of Comprehensive Income. The accompanying notes form an integral part of the financial statements.




World Equity

Fund

Dimensional

Funds plc

Note 30 Nov 2016

GBP


GBP 30 Nov 2016

EUR


EUR

Income

Interest income 3(b) 2,792 1,579 50,027,203 37,698,429

Dividend income 3(b) 14,795,843 8,045,785 154,599,847 136,398,114

Securities lending income 3(k) 367,123 158,943 6,567,991 4,715,219

Net gain/(loss) on financial assets at fair value through profit or loss 5, 10 144,874,390 (3,731,044) 576,089,500 (415,001,409)

Net income 160,040,148 4,475,263 787,284,541 (236,189,647)

Expenses

Management fees 6 (2,448,754) (1,394,572) (34,509,006) (30,031,064)

Administration and depositary fees 6 (455,766) (297,885) (5,989,644) (5,314,189)

Audit and legal fees 6 (45,205) (21,048) (740,702) (516,791)

Other expenses (157,863) (69,486) (1,813,924) (2,086,442)

Total operating expenses before waivers (3,107,588) (1,782,991) (43,053,276) (37,948,486)

Waivers and reimbursements 6 – 116,273 2,235,195 1,709,982

Total operating expenses (3,107,588) (1,666,718) (40,818,081) (36,238,504)

Net income from operations before finance costs 156,932,560 2,808,545 746,466,460 (272,428,151)

Finance costs

Interest expense (1,580) (1,186) (241,569) (194,158)

Total finance costs (1,580) (1,186) (241,569) (194,158)

Net income from operations before tax 156,930,980 2,807,359 746,224,891 (272,622,309)

Withholding tax on dividends and other taxation 7 (2,584,334) (1,274,736) (24,552,326) (20,398,094)

Net income from operations after tax 154,346,646 1,532,623 721,672,565 (293,020,403)

Increase in net assets attributable to holders of redeemable shares 154,346,646 1,532,623 721,672,565 (293,020,403)

The accompanying notes form an integral part of the financial statements. All the intercompany balances due to cross investment within the Company have been eliminated in the Company total. Refer to note 10 for further detail.

Statement of Changes in Net Assets Attributable to Holders of Redeemable Shares

for the financial years ended 30 November 2016 and 30 November 2015




Value Fund


Income Fund

30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

EUR


EUR

Net assets attributable to holders of redeemable shares at the start of the financial year 115,677,118 – 1,513,402,569 2,019,018,072 6,344,311 5,063,051 Increase/(decrease) in net assets attributable to holders of redeemable shares 11,913,041 (34,224,418) 204,733,274 (397,372,839) (13,463) 240,316 Issue of redeemable shares during the financial year 178,059,668 150,000,000 237,969,697 389,266,114 2,704,852 4,687,300 Redemption of redeemable shares during the financial year (180,712) (98,464) (374,838,150) (493,411,412) (1,289,518) (3,646,356)

Distributions to redeemable shareholders - - (3,796,423) (4,097,366) - -

Net assets attributable to holders of redeemable shares at the end of the financial year 305,469,115 115,677,118 1,577,470,967 1,513,402,569 7,746,182 6,344,311


Income Fund European Small


Value Fund

30 Nov 2016

EUR


EUR 30 Nov 2016

EUR


EUR 30 Nov 2016

EUR


EUR

Net assets attributable to holders of redeemable shares at the start of the financial year 15,192,556 13,262,012 168,511,892 158,397,400 57,324,956 78,792,313 Increase/(decrease) in net assets attributable to holders of redeemable shares 750,023 826,251 (6,850,136) 36,969,784 (1,610,493) 2,541,203 Issue of redeemable shares during the financial year 420,713 2,343,569 36,637,922 36,716,665 15,680,119 21,570,337 Redemption of redeemable shares during the financial year (16,239,367) (1,239,276) (50,539,506) (62,217,050) (9,511,917) (44,912,462)

Distributions to redeemable shareholders – – (873,278) (1,354,907) (627,539) (666,435)

Net assets attributable to holders of redeemable shares at the end of the financial year 123,925 15,192,556 146,886,894 168,511,892 61,255,126 57,324,956


Global Short Fixed



30 Nov 2016

USD


USD 30 Nov 2016

EUR


EUR 30 Nov 2016

USD


USD

Net assets attributable to holders of redeemable shares at the start of the financial year 1,368,732,945 1,186,583,479 1,346,736,848 961,160,269 382,712,671 146,497,174 Increase/(decrease) in net assets attributable to holders of redeemable shares 80,007,954 (12,655,364) 12,846,473 71,077,946 (49,820,293) (17,981,075) Issue of redeemable shares during the financial year 535,179,730 439,702,486 982,816,784 676,392,773 269,296,683 296,355,050 Redemption of redeemable shares during the financial year (259,949,387) (236,271,233) (426,984,906) (351,269,355) (59,488,542) (40,000,924)

Distributions to redeemable shareholders (12,519,100) (8,626,423) (14,926,690) (10,624,785) (4,025,254) (2,157,554)

Net assets attributable to holders of redeemable shares at the end of the financial year 1,711,452,142 1,368,732,945 1,900,488,509 1,346,736,848 538,675,265 382,712,671





Global Small

Companies Fund



Value Fund

30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD

Net assets attributable to holders of redeemable shares at the start of the financial year 471,527,427 377,397,703 80,870,443 68,198,138 1,521,105,084 1,313,972,593 Increase/(decrease) in net assets attributable to holders of redeemable shares 39,194,096 8,956,800 3,309,881 (636,533) 168,766,643 (5,358,159) Issue of redeemable shares during the financial year 97,524,760 135,291,324 22,816,547 22,507,625 425,209,547 415,338,368 Redemption of redeemable shares during the financial year (121,252,650) (48,283,149) (11,408,672) (9,001,834) (229,489,065) (196,049,058)

Distributions to redeemable shareholders (2,769,116) (1,835,251) (324,860) (196,953) (9,116,976) (6,798,660)

Net assets attributable to holders of redeemable shares at the end of the financial year 484,224,517 471,527,427 95,263,339 80,870,443 1,876,475,233 1,521,105,084

Global Ultra Short

Fixed Income Fund

Global Value Fund* Pacific Basin Small Companies Fund

30 Nov 2016

GBP


GBP 30 Nov 2016

USD


USD 30 Nov 2016

USD


USD

Net assets attributable to holders of redeemable shares at the start of the financial year 318,631,497 207,535,449 – – 67,587,781 58,723,672 Increase/(decrease) in net assets attributable to holders of redeemable shares 7,965,941 (2,514,003) 8,752,947 – 4,267,235 3,015,252 Issue of redeemable shares during the financial year 302,171,010 208,758,949 121,241,413 – 20,303,609 17,934,780 Redemption of redeemable shares during the financial year (153,221,782) (94,153,235) (4,661,977) – (26,812,573) (11,511,704)

Distributions to redeemable shareholders (2,160,460) (995,663) (6,611) – (475,237) (574,219)

Net assets attributable to holders of redeemable shares at the end of the financial year 473,386,206 318,631,497 125,325,772 – 64,870,815 67,587,781

Pacific Basin Value Fund**

Sterling Inflation Linked Intermediate Duration

Fixed Income Fund

Sterling Inflation Linked Long Duration Fixed Income Fund***

30 Nov 2016

USD


USD 30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP

Net assets attributable to holders of redeemable shares at the start of the financial year – 11,513,003 379,702,291 355,878,694 – 4,012,499 Increase/(decrease) in net assets attributable to holders of redeemable shares – 315,051 39,042,666 (700,115) – (131,139) Issue of redeemable shares during the financial year – 1,121,918 146,967,214 132,282,002 – 271,599 Redemption of redeemable shares during the financial year – (12,945,245) (55,370,999) (104,899,887) – (4,152,959)

Distributions to redeemable shareholders – (4,727) (2,723,708) (2,858,403) – –

Net assets attributable to holders of redeemable shares at the end of the financial year – – 507,617,464 379,702,291 – –

The accompanying notes form an integral part of the financial statements. * Global Value Fund commenced trading on 11 July 2016. ** Pacific Basin Value Fund terminated 14 September 2015. *** Sterling Inflation Linked Long Duration Fixed Income Fund terminated 24 March 2015.




U.S. Core Equity

Fund

U.S. Small Companies

Fund

World Allocation

20/80 Fund

30 Nov 2016

USD


USD 30 Nov 2016

USD


USD 30 Nov 2016

GBP


GBP

Net assets attributable to holders of redeemable shares at the start of the financial year 104,131,462 – 162,925,972 162,786,295 163,183 – Increase in net assets attributable to holders of redeemable shares 5,669,583 (2,464,784) 21,157,952 6,673,034 353,889 456

Issue of redeemable shares during the financial year 6,585,067 106,596,246 25,902,875 43,751,296 11,755,430 162,976 Redemption of redeemable shares during the financial year (109,612,417) – (41,283,616) (49,906,165) (602,811) –

Distributions to redeemable shareholders – – (270,438) (378,488) (8,125) (249)

Net assets attributable to holders of redeemable shares at the end of the financial year 6,773,695 104,131,462 168,432,745 162,925,972 11,661,566 163,183

World Allocation



80/20 Fund

30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP 30 Nov 2016

GBP


GBP

Net assets attributable to holders of redeemable shares at the start of the financial year 118,851,617 89,789,967 263,329,261 179,008,551 459,343 – Increase/(decrease) in net assets attributable to holders of redeemable shares 17,842,544 1,438,650 53,834,681 3,282,651 3,725,581 7,143 Issue of redeemable shares during the financial year 97,854,675 45,471,831 144,085,356 109,721,276 32,118,405 454,034 Redemption of redeemable shares during the financial year (22,754,725) (17,550,435) (45,086,962) (27,849,202) (2,744,603) –

Distributions to redeemable shareholders (508,745) (298,396) (1,268,258) (834,015) (23,267) (1,834)

Currency translation – – – – – –

Net assets attributable to holders of redeemable shares at the end of the financial year 211,285,366 118,851,617 414,894,078 263,329,261 33,535,459 459,343

World Equity

Fund Dimensional

Funds plc

30 Nov 2016

GBP


GBP 30 Nov 2016

EUR


EUR

Net assets attributable to holders of redeemable shares at the start of the financial year 394,555,040 272,278,374 8,857,554,953 6,725,857,695 Increase/(decrease) in net assets attributable to holders of redeemable shares 154,346,646 1,532,623 721,672,565 (293,020,403) Issue of redeemable shares during the financial year 298,299,472 253,341,363 3,752,271,763 3,323,368,336 Redemption of redeemable shares during the financial year (77,953,985) (130,746,027) (2,017,529,769) (1,826,794,833)

Distributions to redeemable shareholders (4,061,864) (1,851,293) (51,606,358) (40,049,101)

Currency translation – – (324,529,415) 968,193,259

Net assets attributable to holders of redeemable shares at the end of the financial year 765,185,309 394,555,040 10,937,833,739 8,857,554,953

The accompanying notes form an integral part of the financial statements. All the intercompany balances due to cross investment within the Company have been eliminated in the Company total. Refer to note 10 for further detail.


Portfolio of Investments as at 30 November 2016


Shares (000's)

Value (000's)

USD

% of Net Asset Value

Common Stock

Brazil - 2.39%

219 Ambev SA 1,091 0.35

23 Banco Bradesco SA 193 0.06

26 Banco do Brasil SA 220 0.07

10 Banco Santander Brasil SA 83 0.03

11 BB Seguridade Participacoes SA 91 0.03 23

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros 115 0.08

9 BR Malls Participacoes SA 28 0.01

9 Braskem SA 143 0.05

7 BRF SA 110 0.04

15 BRF SA, ADR 228 0.07

14 BTG Pactual Group 62 0.02

32 CCR SA 139 0.05

6 CETIP SA - Mercados Organizados 77 0.03 5

Cia de Saneamento Basico do Estado de Sao Paulo 46 0.02

2 Cia Paranaense de Energia 17 0.01

72 Cia Siderurgica Nacional SA 255 0.08

19 Cielo SA 163 0.05

2 Cosan SA Industria e Comercio 23 0.01

4 CPFL Energia SA 28 0.01

4 Embraer SA 79 0.03

2 Engie Brasil Energia SA 24 0.01

18 Fibria Celulose SA 165 0.05

10 Gerdau SA 27 0.01

120 Gerdau SA, ADR 486 0.14

6 Hypermarcas SA 44 0.01

15 Itau Unibanco Holding SA 134 0.04

129 JBS SA 370 0.12

10 Klabin SA 51 0.02

35 Kroton Educacional SA 148 0.05

18 Localiza Rent a Car SA 179 0.06

7 Lojas Americanas SA 26 0.01

30 Lojas Renner SA 200 0.07

2 Multiplan Empreendimentos Imobiliarios SA 26 0.01

3 Natura Cosmeticos SA 26 0.01

101 Petroleo Brasileiro SA 547 0.16

43 Petroleo Brasileiro SA, ADR 472 0.14

10 Porto Seguro SA 88 0.03

19 Qualicorp SA 102 0.03

6 Raia Drogasil SA 110 0.04

2 Tim Participacoes SA 27 0.01

22 Ultrapar Participacoes SA 449 0.14

36 Vale SA 295 0.10

17 WEG SA 79 0.03

7,266 2.39

Chile - 0.70%

43 AES Gener SA 15 –

41 Aguas Andinas SA 26 0.01

1 Banco de Chile 45 0.01

1 Banco de Credito e Inversiones 68 0.02

6 Banco Santander Chile 133 0.04

18 Cencosud SA 52 0.02

4 Cia Cervecerias Unidas SA 72 0.02

92 Colbun SA 17 0.01

13 Empresa Nacional de Telecomunicaciones SA 149 0.05

38 Empresas CMPC SA 78 0.03

10 Empresas COPEC SA 94 0.03

66 Enel Americas SA 524 0.17

31 Enel Chile SA 154 0.05

1 Enel Generacion Chile SA 26 0.01

3,156 Itau CorpBanca 26 0.01

Shares (000's)

Value (000's)

USD


Common Stock (continued)

Chile - 0.70% (continued)

4 Itau CorpBanca, ADR 48 0.02

49 Latam Airlines Group SA 428 0.14

6 SACI Falabella 49 0.02

3 Sociedad Quimica y Minera de Chile SA 93 0.03

17 SONDA SA 32 0.01

2,129 0.70

China (Hong Kong) - 12.62%

4 58.com Inc 120 0.04

18 AAC Technologies Holdings Inc 163 0.05

859 Agricultural Bank of China Ltd 359 0.12

238 Air China Ltd 163 0.05

12 Alibaba Group Holding Ltd 1,177 0.39

2 Aluminum Corp of China Ltd 17 0.01

50 Angang Steel Co Ltd 28 0.01

29 Anhui Conch Cement Co Ltd 82 0.03

21 ANTA Sports Products Ltd 61 0.02

110 AviChina Industry & Technology Co Ltd 76 0.02

3 Baidu Inc 508 0.17

2,470 Bank of China Ltd 1,122 0.38

181 Bank of Communications Co Ltd 139 0.05

62 BBMG Corp 24 0.01

30 Beijing Capital International Airport Co Ltd 30 0.01

14 Beijing Enterprises Holdings Ltd 65 0.02

805 Belle International Holdings Ltd 464 0.15

52 Brilliance China Automotive Holdings Ltd 73 0.02

98 China Cinda Asset Management Co Ltd 35 0.01

272 China CITIC Bank Corp Ltd 177 0.06

82 China Coal Energy Co Ltd 41 0.01

28 China Communications Construction Co Ltd 33 0.01

28 China Communications Services Corp Ltd 16 0.01

6,156 China Construction Bank Corp 4,590 1.50

110 China Eastern Airlines Corp Ltd 53 0.02

69 China Everbright Bank Co Ltd 33 0.01

33 China Everbright International Ltd 40 0.01

38 China Everbright Ltd 77 0.03

519 China Evergrande Group 354 0.12

109 China Galaxy Securities Co Ltd 107 0.04

32 China Gas Holdings Ltd 42 0.01

272 China Hongqiao Group Ltd 252 0.08 17

China International Marine Containers Group Co Ltd 25 0.01

24 China Life Insurance Co Ltd 70 0.02

40 China Longyuan Power Group Corp Ltd 31 0.01

32 China Mengniu Dairy Co Ltd 66 0.02

135 China Merchants Bank Co Ltd 332 0.11

63 China Merchants Port Holdings Co Ltd 159 0.05

319 China Minsheng Banking Corp Ltd 359 0.12

151 China Mobile Ltd 1,649 0.55

22 China Mobile Ltd, ADR 1,195 0.37

854 China National Building Material Co Ltd 431 0.14

50 China Oilfield Services Ltd 48 0.02

96 China Overseas Land & Investment Ltd 276 0.09

92 China Overseas Property Holdings Ltd 17 0.01

20 China Pacific Insurance Group Co Ltd 77 0.03

1,406 China Petroleum & Chemical Corp 1,008 0.33

41 China Railway Construction Corp Ltd 57 0.02

26 China Railway Group Ltd 23 0.01

110 China Resources Beer Holdings Co Ltd 233 0.08

42 China Resources Gas Group Ltd 124 0.04

234 China Resources Land Ltd 567 0.19

26 China Resources Power Holdings Co Ltd 43 0.01


Portfolio of Investments as at 30 November 2016 (continued)


Shares (000's)

Value (000's)

USD



China (Hong Kong) - 12.62% (continued)

64 China Shenhua Energy Co Ltd 132 0.04

246 China Southern Airlines Co Ltd 141 0.05

– China Southern Airlines Co Ltd, ADR 14 –

58 China State Construction International Holdings Ltd 94 0.03

50 China Taiping Insurance Holdings Co Ltd 114 0.04

131 China Telecom Corp Ltd 116 0.04

1,580 China Unicom Hong Kong Ltd 1,915 0.62

3 China Unicom Hong Kong Ltd, ADR 36 0.01

41 China Vanke Co Ltd 126 0.04

334 Chongqing Rural Commercial Bank Co Ltd 208 0.07

901 CITIC Ltd 1,388 0.44

43 CITIC Securities Co Ltd 99 0.03

1,068 CNOOC Ltd 1,459 0.47

41 Cosco Shipping Development Co Ltd 10 –

1,001 Country Garden Holdings Co Ltd 559 0.18

57 CRRC Corp Ltd 56 0.02

104 CSPC Pharmaceutical Group Ltd 112 0.04

5 Ctrip.com International Ltd 223 0.07

44 Datang International Power Generation Co Ltd 12 –

122 Dongfeng Motor Group Co Ltd 124 0.04

12 ENN Energy Holdings Ltd 55 0.02

23 Far East Horizon Ltd 21 0.01

36 Fosun International Ltd 54 0.02

205 Geely Automobile Holdings Ltd 211 0.07

23 GF Securities Co Ltd 53 0.02

96 Great Wall Motor Co Ltd 90 0.03

36 Guangdong Investment Ltd 50 0.02

40 Guangshen Railway Co Ltd 21 0.01

262 Guangzhou R&F Properties Co Ltd 332 0.11

42 Haier Electronics Group Co Ltd 70 0.02

31 Haitong Securities Co Ltd 59 0.02

12 Hengan International Group Co Ltd 95 0.03

26 Huadian Power International Corp Ltd 11 –

40 Huaneng Power International Inc 25 0.01

662 Huaneng Renewables Corp Ltd 214 0.07

23 Huatai Securities Co Ltd 54 0.02

48 Huishang Bank Corp Ltd 24 0.01

3,495 Industrial & Commercial Bank of China Ltd 2,139 0.70

9 JD.com Inc 243 0.08

22 Jiangsu Expressway Co Ltd 29 0.01

54 Jiangxi Copper Co Ltd 82 0.03

610 Kunlun Energy Co Ltd 447 0.15

99 Lee & Man Paper Manufacturing Ltd 76 0.02

736 Lenovo Group Ltd 455 0.15

193 Longfor Properties Co Ltd 248 0.08

64 Maanshan Iron & Steel Co Ltd 17 0.01

10 NetEase Inc 2,131 0.70

6 New China Life Insurance Co Ltd 28 0.01

3 New Oriental Education & Technology Group Inc 133 0.04

67 Nine Dragons Paper Holdings Ltd 59 0.02

335 People's Insurance Co Group of China Ltd 141 0.05

592 PetroChina Co Ltd 404 0.13

332 PICC Property & Casualty Co Ltd 555 0.18

182 Ping An Insurance Group Co of China Ltd 1,006 0.33

2 Qinqin Foodstuffs Group Cayman Co Ltd 1 –

1,119 Semiconductor Manufacturing International Corp 151 0.05

8 Shanghai Pharmaceuticals Holding Co Ltd 21 0.01

108 Shenzhen Investment Ltd 47 0.02

20 Shenzhou International Group Holdings Ltd 123 0.04

430 Shimao Property Holdings Ltd 561 0.18

72 Sino Biopharmaceutical Ltd 49 0.02

150 Sino-Ocean Group Holding Ltd 64 0.02

164 Sinopec Shanghai Petrochemical Co Ltd 86 0.03

Shares (000's)

Value (000's)

USD




54 Sinopharm Group Co Ltd 252 0.08

143 Sun Art Retail Group Ltd 121 0.04

12 Sunny Optical Technology Group Co Ltd 60 0.02

80 Tencent Holdings Ltd 1,983 0.65

204 Tingyi Cayman Islands Holding Corp 242 0.08

17 Vipshop Holdings Ltd 186 0.06

121 Want Want China Holdings Ltd 77 0.03

160 Weichai Power Co Ltd 258 0.08

52 Yanzhou Coal Mining Co Ltd 36 0.01

22 Zhejiang Expressway Co Ltd 23 0.01

40 Zhuzhou CRRC Times Electric Co Ltd 217 0.07

37 Zoomlion Heavy Industry Science and Technology Co Ltd 17 0.01

38,456 12.62

Colombia - 0.35%

9 Almacenes Exito SA 44 0.01

1 Banco de Bogota SA 23 0.01

10 Bancolombia SA 83 0.03

6 Bancolombia SA, ADR 185 0.06

599 Ecopetrol SA 257 0.07

14 Cementos Argos SA 51 0.02

4 Corp Financiera Colombiana SA 52 0.02

30 Grupo Argos SA 179 0.06

3 Grupo Aval Acciones y Valores SA 24 0.01

10 Grupo de Inversiones Suramericana SA 122 0.04

3 Grupo Nutresa SA 26 0.01

7 Interconexion Electrica SA ESP 23 0.01

1069 0.35

Czech Republic - 0.07%

12 CEZ AS 199 0.07

199 0.07

Egypt - 0.09%

56 Commercial International Bank Egypt SAE 217 0.08

20 Global Telecom Holding SAE 35 0.01

252 0.09

Hungary - 0.20%

6 MOL Hungarian Oil & Gas PLC 345 0.11

10 OTP Bank PLC 282 0.09

627 0.20

India - 3.62%

12 Axis Bank Ltd 391 0.13

7 Dr Reddy's Laboratories Ltd 350 0.11

2 GAIL India Ltd 70 0.02

104 Infosys Ltd 1,500 0.49

220 iShares MSCI India ETF 5,915 1.95

9 Mahindra & Mahindra Ltd 145 0.05

26 Reliance Industries Ltd 752 0.25

7 State Bank of India 278 0.09

12 Tata Motors Ltd 399 0.13

10 Tata Motors Ltd, ADR 341 0.11

27 Tata Steel Ltd 163 0.05

54 Vedanta Ltd 718 0.24

11,022 3.62

Indonesia - 1.37%

1,186 Adaro Energy Tbk PT 133 0.04

14 Astra Agro Lestari Tbk PT 17 0.01

914 Astra International Tbk PT 508 0.16

309 Bank Central Asia Tbk PT 325 0.11

15 Bank CIMB Niaga Tbk PT 1 –

169 Bank Danamon Indonesia Tbk PT 40 0.01

187 Bank Mandiri Persero Tbk PT 145 0.05

222 Bank Negara Indonesia Persero Tbk PT 85 0.03




Shares (000's)

Value (000's)

USD



Indonesia - 1.37% (continued)

637 Bank Rakyat Indonesia Persero Tbk PT 512 0.16

336 Bumi Serpong Damai Tbk PT 42 0.01

1,117 Ciputra Development Tbk PT 111 0.04

517 Global Mediacom Tbk PT 22 0.01

17 Gudang Garam Tbk PT 80 0.03

29 Indo Tambangraya Megah Tbk PT 34 0.01

27 Indocement Tunggal Prakarsa Tbk PT 32 0.01

727 Indofood Sukses Makmur Tbk PT 407 0.13

249 Kalbe Farma Tbk PT 28 0.01

896 Lippo Karawaci Tbk PT 51 0.02

54 Matahari Department Store Tbk PT 58 0.02

113 Media Nusantara Citra Tbk PT 14 –

679 Pakuwon Jati Tbk PT 34 0.01

98 Perusahaan Gas Negara Persero Tbk 19 0.01

192 Semen Indonesia Persero Tbk PT 126 0.04

114 Surya Citra Media Tbk PT 21 0.01

100 Tambang Batubara Bukit Asam Persero Tbk PT 87 0.03

7 Telekomunikasi Indonesia Persero Tbk PT 204 0.07

44 Tower Bersama Infrastructure Tbk PT 18 0.01

23 Unilever Indonesia Tbk PT 69 0.02

510 United Tractors Tbk PT 788 0.25

115 Vale Indonesia Tbk PT 29 0.01

927 XL Axiata Tbk PT 157 0.05

4,197 1.37

Korea, Republic of - 7.44%

– Amorepacific Corp 98 0.03

– Amorepacific Group 45 0.01

14 BNK Financial Group Inc 105 0.03

1 Celltrion Inc 52 0.02

1 Cheil Worldwide Inc 15 –

1 CJ CheilJedang Corp 341 0.11

1 CJ Corp 118 0.04

– CJ E&M Corp 21 0.01

1 Coway Co Ltd 104 0.03

2 Daelim Industrial Co Ltd 101 0.03

5 Daewoo Engineering & Construction Co Ltd 20 0.01

2 DGB Financial Group Inc 20 0.01

4 Dongbu Insurance Co Ltd 255 0.08

1 Doosan Heavy Industries & Construction Co Ltd 27 0.01

7 Doosan Infracore Co Ltd 48 0.02

1 E-MART Inc 106 0.03

1 Grand Korea Leisure Co Ltd 18 0.01

3 GS Engineering & Construction Corp 58 0.02

12 GS Holdings Corp 554 0.18

1 GS Retail Co Ltd 30 0.01

11 Hana Financial Group Inc 308 0.10

7 Hankook Tire Co Ltd 340 0.11

– Hanmi Pharm Co Ltd 12 –

5 Hanon Systems 43 0.01

– Hanssem Co Ltd 58 0.02

7 Hanwha Chemical Corp 137 0.04

23 Hanwha Life Insurance Co Ltd 130 0.04

1 Hite Jinro Co Ltd 19 0.01

1 Hotel Shilla Co Ltd 35 0.01

2 Hyosung Corp 273 0.09

1 Hyundai Department Store Co Ltd 121 0.04

1 Hyundai Development Co-Engineering & Construction 47 0.02

9 Hyundai Engineering & Construction Co Ltd 308 0.10

– Hyundai Glovis Co Ltd 52 0.02

2 Hyundai Heavy Industries Co Ltd 195 0.06

14 Hyundai Marine & Fire Insurance Co Ltd 436 0.14

2 Hyundai Mobis Co Ltd 381 0.12

Shares (000's)

Value (000's)

USD



Korea, Republic of - 7.44% (continued)

8 Hyundai Motor Co 945 0.32

6 Hyundai Steel Co 268 0.09

2 Hyundai Wia Corp 104 0.03

11 Industrial Bank of Korea 120 0.04

2 Kangwon Land Inc 54 0.02

14 KB Financial Group Inc 518 0.17

13 KB Insurance Co Ltd 307 0.10

– KCC Corp 45 0.01

1 KEPCO Plant Service & Engineering Co Ltd 31 0.01

10 Kia Motors Corp 322 0.11

1 Kolon Industries Inc 41 0.01

9 Korea Electric Power Corp 236 0.08

1 Korea Gas Corp 21 0.01

2 Korea Investment Holdings Co Ltd 83 0.03

– Korea Petrochemical Ind Co Ltd 25 0.01

– Korea Zinc Co Ltd 50 0.02

7 Korean Air Lines Co Ltd 188 0.06

1 KT&G Corp 87 0.03

1 Kumho Petrochemical Co Ltd 37 0.01

1 LG Chem Ltd 144 0.05

2 LG Corp 105 0.03

46 LG Display Co Ltd 1,091 0.36

25 LG Display Co Ltd, ADR 303 0.10

19 LG Electronics Inc 724 0.24

– LG Household & Health Care Ltd 168 0.05

1 LG Innotek Co Ltd 56 0.02

46 LG Uplus Corp 449 0.15

1 Lotte Chemical Corp 246 0.08

– Lotte Chilsung Beverage Co Ltd 17 0.01

– Lotte Confectionery Co Ltd 18 0.01

– Lotte Shopping Co Ltd 55 0.02

1 LS Corp 33 0.01

– Mando Corp 60 0.02

5 Meritz Financial Group Inc 51 0.02

10 Meritz Fire & Marine Insurance Co Ltd 145 0.05

14 Meritz Securities Co Ltd 43 0.01

7 Mirae Asset Daewoo Co Ltd 40 0.01

2 Mirae Asset Securities Co Ltd 35 0.01

1 NAVER Corp 388 0.13

– NCSoft Corp 37 0.01

1 Nexen Tire Corp 14 –

2 NH Investment & Securities Co Ltd 17 0.01

1 OCI Co Ltd 45 0.01

– Orion Corp 45 0.01

4 POSCO 489 0.16

3 Posco Daewoo Corp 71 0.02

– S-1 Corp 36 0.01

1 S-Oil Corp 55 0.02

– Samsung C&T Corp 45 0.01

1 Samsung Card Co Ltd 49 0.02

4 Samsung Electro-Mechanics Co Ltd 164 0.05

4 Samsung Electronics Co Ltd 5,466 1.82

1 Samsung Electronics Co Ltd, GDR 447 0.15

1 Samsung Fire & Marine Insurance Co Ltd 369 0.12

15 Samsung Heavy Industries Co Ltd 107 0.04

2 Samsung Life Insurance Co Ltd 168 0.05

2 Samsung SDI Co Ltd 130 0.04

2 Samsung Securities Co Ltd 42 0.01

12 Shinhan Financial Group Co Ltd 434 0.14

– Shinsegae Inc 44 0.01

1 SK Chemicals Co Ltd 34 0.01

2 SK Holdings Co Ltd 337 0.11

27 SK Hynix Inc 983 0.33




Shares (000's)

Value (000's)

USD




2 SK Innovation Co Ltd 303 0.10

– SK Telecom Co Ltd 23 0.01

1 Youngone Corp 16 0.01

22,654 7.44

Malaysia - 1.39%

61 Aeon Co M Bhd 37 0.01

608 AirAsia Bhd 376 0.13

103 Alliance Financial Group Bhd 89 0.03

210 AMMB Holdings Bhd 196 0.06

36 Astro Malaysia Holdings Bhd 21 0.01

97 Axiata Group Bhd 91 0.03

27 Berjaya Sports Toto Bhd 19 0.01

11 BIMB Holdings Bhd 10 –

3 British American Tobacco Malaysia Bhd 31 0.01

68 Bumi Armada Bhd 8 –

10 Bursa Malaysia Bhd 20 0.01

6 Carlsberg Brewery Malaysia Bhd 19 0.01

95 CIMB Group Holdings Bhd 97 0.03

55 DiGi.Com Bhd 60 0.02

192 Felda Global Ventures Holdings Bhd 66 0.02

37 Gamuda Bhd 40 0.01

230 Genting Bhd 409 0.13

86 Genting Malaysia Bhd 90 0.03

47 HAP Seng Consolidated Bhd 84 0.03

22 Hartalega Holdings Bhd 24 0.01

9 Hong Leong Bank Bhd 28 0.01

40 Hong Leong Financial Group Bhd 134 0.04

17 IHH Healthcare Bhd 25 0.01

143 IJM Corp Bhd 104 0.03

50 IOI Corp Bhd 49 0.02

76 IOI Properties Group Bhd 36 0.01

4 Kuala Lumpur Kepong Bhd 21 0.01

9 Lafarge Malaysia Bhd 15 –

167 Malayan Banking Bhd 289 0.09

21 Malaysia Airports Holdings Bhd 30 0.01

133 Malaysia Building Society Bhd 27 0.01

33 Maxis Bhd 44 0.01

83 MISC Bhd 136 0.04

78 Petronas Chemicals Group Bhd 120 0.04

5 Petronas Dagangan Bhd 24 0.01

7 Petronas Gas Bhd 35 0.01

16 PPB Group Bhd 56 0.02

76 Public Bank Bhd 332 0.12

29 RHB Bank Bhd 32 0.01

822 SapuraKencana Petroleum Bhd 267 0.09

52 Sime Darby Bhd 92 0.03

19 SP Setia Bhd Group 14 –

33 Sunway Bhd 21 0.01

12 Telekom Malaysia Bhd 17 0.01

36 Tenaga Nasional Bhd 112 0.04

80 UEM Sunrise Bhd 19 0.01

25 UMW Holdings Bhd 29 0.01

21 Westports Holdings Bhd 20 0.01

844 YTL Corp Bhd 272 0.09

4,187 1.39

Mexico - 3.02%

428 Alfa SAB de CV 567 0.19

65 Alpek SAB de CV 89 0.03

1,295 America Movil SAB de CV 786 0.26

137 Arca Continental SAB de CV 724 0.24

104 Cemex SAB de CV 816 0.27

2 Coca-Cola Femsa SAB de CV 155 0.05

11 El Puerto de Liverpool SAB de CV 83 0.03

Shares (000's)

Value (000's)

USD



Mexico - 3.02% (continued)

10 Fomento Economico Mexicano SAB de CV 729 0.23

13 Gruma SAB de CV 148 0.05

10 Grupo Aeroportuario del Pacifico SAB de CV 84 0.03

2 Grupo Aeroportuario del Sureste SAB de CV 239 0.08

92 Grupo Bimbo SAB de CV 212 0.07

41 Grupo Carso SAB de CV 151 0.05

3 Grupo Elektra SAB DE CV 43 0.01

134 Grupo Financiero Banorte SAB de CV 624 0.21

61 Grupo Financiero Inbursa SAB de CV 83 0.03

87 Grupo Financiero Santander Mexico SAB de CV 121 0.04

60 Grupo Lala SAB de CV 92 0.03

579 Grupo Mexico SAB de CV 1,584 0.50

28 Grupo Sanborns SAB de CV 31 0.01

24 Grupo Televisa SAB 100 0.03

17 Grupo Televisa SAB, ADR 350 0.11

18 Impulsora del Desarrollo y el Empleo en America Latina SAB de CV 23 0.02

10 Industrias Penoles SAB de CV 211 0.07

4 Infraestructura Energetica Nova SAB de CV 19 0.01

88 Kimberly-Clark de Mexico SAB de CV 153 0.05

33 Megacable Holdings SAB de CV 103 0.03

143 Mexichem SAB de CV 341 0.11

13 Organizacion Soriana SAB de CV 30 0.01

22 Promotora y Operadora de Infraestructura SAB de CV 193 0.06

30 Telesites SAB de CV 18 0.01

164 Wal-Mart de Mexico SAB de CV 302 0.10

9,222 3.02

Peru - 0.29%

6 Credicorp Ltd 925 0.29

925 0.29

Philippines - 0.67%

22 Aboitiz Equity Ventures Inc 32 0.01

26 Aboitiz Power Corp 22 0.01

480 Alliance Global Group Inc 126 0.04

5 Ayala Corp 69 0.02

98 Ayala Land Inc 65 0.02

31 Bank of the Philippine Islands 56 0.02

58 BDO Unibank Inc 130 0.04

843 DMCI Holdings Inc 229 0.07

1,278 Energy Development Corp 131 0.04

1 Globe Telecom Inc 24 0.01

7 GT Capital Holdings Inc 168 0.05

61 International Container Terminal Services Inc 88 0.03

82 JG Summit Holdings Inc 113 0.04

10 Jollibee Foods Corp 45 0.01

115 LT Group Inc 30 0.01

640 Megaworld Corp 47 0.02

239 Metro Pacific Investments Corp 30 0.01

12 Metropolitan Bank & Trust Co 18 0.01

1 PLDT Inc 36 0.01

3 PLDT Inc, ADR 82 0.03

47 Puregold Price Club Inc 37 0.01

279 Robinsons Land Corp 144 0.05

15 Robinsons Retail Holdings Inc 22 0.01

98 San Miguel Corp 165 0.05

5 Security Bank Corp 19 0.01

8 Semirara Mining & Power Corp 20 0.01

2 SM Investments Corp 30 0.01

81 SM Prime Holdings Inc 43 0.01

13 Universal Robina Corp 44 0.01

2,065 0.67




Shares (000's)

Value (000's)

USD



Poland - 0.49%

– Bank Handlowy w Warszawie SA 1 –

20 Bank Millennium SA 25 0.01

1 Bank Pekao SA 17 0.01

1 Bank Zachodni WBK SA 52 0.02

– CCC SA 18 0.01

10 Cyfrowy Polsat SA 56 0.02

14 Enea SA 30 0.01

1 Grupa Azoty SA 16 0.01

3 Grupa Lotos SA 28 0.01

1 ING Bank Slaski SA 47 0.02

6 KGHM Polska Miedz SA 131 0.04

– LPP SA 10 –

1 mBank SA 85 0.03

9 Orange Polska SA 11 –

136 PGE Polska Grupa Energetyczna SA 301 0.09

20 Polski Koncern Naftowy Orlen SA 365 0.10

14 Polskie Gornictwo Naftowe i Gazownictwo SA 16 0.01

18 Powszechna Kasa Oszczednosci Bank Polski SA 111 0.04

7 Powszechny Zaklad Ubezpieczen SA 47 0.02

251 Tauron Polska Energia SA 158 0.04

1,525 0.49

Russia - 0.88%

124 Gazprom PJSC 572 0.18

9 Lukoil PJSC 441 0.14

9 Magnitogorsk Iron & Steel OJSC 65 0.02

7 MegaFon PJSC 65 0.02

7 MMC Norilsk Nickel PJSC 110 0.04

– Novatek OJSC 56 0.02

5 Novolipetsk Steel PJSC 90 0.03

1 PhosAgro PJSC 17 0.01

2 PIK Group PJSC 8 –

37 Rosneft PJSC 196 0.06

11 RusHydro PJSC 16 0.01

53 Sberbank of Russia PJSC 528 0.17

5 Severstal PJSC 69 0.02

5 Tatneft PJSC 197 0.06

34 VimpelCom Ltd 113 0.04

72 VTB Bank PJSC 150 0.05

1 X5 Retail Group NV 36 0.01

2,729 0.88

South Africa - 3.03%

1 Anglo American Platinum Ltd 19 0.01

114 AngloGold Ashanti Ltd 1,251 0.40

9 Aspen Pharmacare Holdings Ltd 178 0.06

31 Barclays Africa Group Ltd 343 0.11

6 Bid Corp Ltd 100 0.03

30 Bidvest Group Ltd 347 0.11

31 Brait SE 186 0.06

2 Capitec Bank Holdings Ltd 100 0.03

22 Discovery Ltd 171 0.06

110 FirstRand Ltd 394 0.13

14 Foschini Group Ltd 151 0.05

180 Gold Fields Ltd 552 0.18

16 Impala Platinum Holdings Ltd 51 0.02

43 Imperial Holdings Ltd 515 0.17

14 Investec Ltd 88 0.03

7 Kumba Iron Ore Ltd 81 0.03

28 Liberty Holdings Ltd 224 0.07

23 Life Healthcare Group Holdings Ltd 52 0.02

89 MMI Holdings Ltd 138 0.05

10 Mondi Ltd 199 0.07

3 Mr Price Group Ltd 34 0.01

Shares (000's)

Value (000's)

USD



South Africa - 3.03% (continued)

76 MTN Group Ltd 610 0.19

1 Naspers Ltd 122 0.04

12 Nedbank Group Ltd 189 0.06

60 Netcare Ltd 134 0.04

6 PSG Group Ltd 79 0.03

88 Sanlam Ltd 384 0.13

19 Sappi Ltd 114 0.04

25 Sasol Ltd 663 0.20

24 Shoprite Holdings Ltd 321 0.11

19 Sibanye Gold Ltd 40 0.01

1 SPAR Group Ltd 18 0.01

54 Standard Bank Group Ltd 572 0.19

60 Steinhoff International Holdings NV 275 0.09

42 Telkom SA SOC Ltd 208 0.07

4 Tiger Brands Ltd 124 0.04

21 Truworths International Ltd 102 0.03

4 Vodacom Group Ltd 40 0.01

28 Woolworths Holdings Ltd 129 0.04

9,298 3.03

Taiwan - 6.91%

134 Acer Inc 57 0.02

312 Advanced Semiconductor Engineering Inc 334 0.11

6 Advantech Co Ltd 48 0.02

3 Airtac International Group 24 0.01

71 Asia Cement Corp 62 0.02

16 Asustek Computer Inc 132 0.04

1,589 AU Optronics Corp 571 0.19

11 Casetek Holdings Ltd 30 0.01

84 Catcher Technology Co Ltd 608 0.20

197 Cathay Financial Holding Co Ltd 289 0.09

130 Chailease Holding Co Ltd 222 0.07

174 Chang Hwa Commercial Bank Ltd 93 0.03

116 Cheng Shin Rubber Industry Co Ltd 218 0.07

42 Chicony Electronics Co Ltd 100 0.03

626 China Airlines Ltd 188 0.06

443 China Development Financial Holding Corp 110 0.04


29 China Motor Corp 24 0.01

304 China Steel Corp 238 0.08

95 Chipbond Technology Corp 133 0.04

18 ChipMOS TECHNOLOGIES INC 14 –

5 Chunghwa Telecom Co Ltd 189 0.06

22 Clevo Co 19 0.01

525 Compal Electronics Inc 299 0.10

510 CTBC Financial Holding Co Ltd 278 0.09

23 CTCI Corp 36 0.01

26 Delta Electronics Inc 132 0.04

521 E.Sun Financial Holding Co Ltd 302 0.10

4 Eclat Textile Co Ltd 43 0.01

49 Epistar Corp 36 0.01

66 Eternal Materials Co Ltd 68 0.02

448 Eva Airways Corp 220 0.07

82 Evergreen Marine Corp Taiwan Ltd 31 0.01

146 Far Eastern Department Stores Ltd 74 0.02

208 Far Eastern New Century Corp 154 0.05

85 Far EasTone Telecommunications Co Ltd 197 0.06

9 Feng TAY Enterprise Co Ltd 34 0.01

297 First Financial Holding Co Ltd 156 0.05

92 Formosa Chemicals & Fibre Corp 288 0.09

40 Formosa Petrochemical Corp 135 0.04

65 Formosa Plastics Corp 185 0.06

37 Formosa Taffeta Co Ltd 35 0.01




Shares (000's)

Value (000's)

USD



Taiwan - 6.91% (continued)

47 Foxconn Technology Co Ltd 122 0.04

241 Fubon Financial Holding Co Ltd 373 0.12

6 Giant Manufacturing Co Ltd 36 0.01

147 Highwealth Construction Corp 221 0.07

5 Hiwin Technologies Corp 22 0.01

460 Hon Hai Precision Industry Co Ltd 1,180 0.39

6 Hotai Motor Co Ltd 69 0.02

40 HTC Corp 105 0.03

220 Hua Nan Financial Holdings Co Ltd 112 0.04

1,343 Innolux Corp 462 0.15

198 Inotera Memories Inc 186 0.06

336 Inventec Corp 226 0.08

33 Kenda Rubber Industrial Co Ltd 48 0.02

2 King Slide Works Co Ltd 23 0.01

381 King Yuan Electronics Co Ltd 314 0.10

73 King's Town Bank Co Ltd 62 0.02

34 Kinsus Interconnect Technology Corp 76 0.02

2 Largan Precision Co Ltd 231 0.08

207 Lite-On Technology Corp 326 0.11

3 Makalot Industrial Co Ltd 13 0.00

28 MediaTek Inc 194 0.06

242 Mega Financial Holding Co Ltd 173 0.06

5 Merida Industry Co Ltd 22 0.01

29 Micro-Star International Co Ltd 77 0.03

77 Nan Ya Plastics Corp 162 0.05

15 Nan Ya Printed Circuit Board Corp 11 0.00

21 Nanya Technology Corp 29 0.01

34 Novatek Microelectronics Corp 113 0.04

3 PChome Online Inc 23 0.01

260 Pegatron Corp 618 0.20

6 Phison Electronics Corp 46 0.02

219 Pou Chen Corp 274 0.09

132 Powertech Technology Inc 338 0.11

13 President Chain Store Corp 98 0.03

117 Quanta Computer Inc 217 0.07

9 Realtek Semiconductor Corp 28 0.01

24 Ruentex Development Co Ltd 28 0.01

501 Shin Kong Financial Holding Co Ltd 129 0.04

54 Siliconware Precision Industries Co Ltd 82 0.03

24 Simplo Technology Co Ltd 71 0.02

274 SinoPac Financial Holdings Co Ltd 78 0.03

65 Synnex Technology International Corp 66 0.02

302 Taishin Financial Holding Co Ltd 111 0.04

216 Taiwan Business Bank 55 0.02

105 Taiwan Cement Corp 121 0.04

247 Taiwan Cooperative Financial Holding Co Ltd 109 0.04

39 Taiwan Fertilizer Co Ltd 50 0.02

53 Taiwan Glass Industry Corp 22 0.01

29 Taiwan Mobile Co Ltd 98 0.03

414 Taiwan Semiconductor Manufacturing Co Ltd 2,380 0.78

70 Taiwan Semiconductor Manufacturing Co Ltd, ADR 2,058 0.68

92 Teco Electric and Machinery Co Ltd 77 0.03

27 Tong Yang Industry Co Ltd 57 0.02

15 TPK Holding Co Ltd 25 0.01

7 Transcend Information Inc 19 0.01

58 Tripod Technology Corp 133 0.04

22 U-Ming Marine Transport Corp 18 0.01

131 Uni-President Enterprises Corp 224 0.07

2,009 United Microelectronics Corp 708 0.23

70 Vanguard International Semiconductor Corp 131 0.04

136 Wan Hai Lines Ltd 71 0.02

22 Win Semiconductors Corp 63 0.02

294 Winbond Electronics Corp 91 0.03

Shares (000's)

Value (000's)

USD




335 Wistron Corp 239 0.08

203 WPG Holdings Ltd 251 0.09

50 Yageo Corp 94 0.03

70 Yang Ming Marine Transport Corp 13 0.00

284 Yuanta Financial Holding Co Ltd 103 0.03

43 Yulon Motor Co Ltd 37 0.01

51 Zhen Ding Technology Holding Ltd 102 0.03

21,135 6.91

Thailand - 1.27%

20 Advanced Info Service PCL 80 0.03

6 Airports of Thailand PCL 65 0.02

85 Bangchak Petroleum PCL 78 0.03

10 Bangkok Bank PCL 42 0.01

41 Bangkok Dusit Medical Services PCL 27 0.01

73 Banpu PCL 38 0.01

11 BEC World PCL 5 0.00

29 Berli Jucker PCL 43 0.01

6 Bumrungrad Hospital PCL 34 0.01

21 Central Pattana PCL 34 0.01

45 Central Plaza Hotel PCL 52 0.02

286 Charoen Pokphand Foods PCL 231 0.08

59 CP ALL PCL 100 0.03

14 Delta Electronics Thailand PCL 29 0.01

15 Energy Absolute PCL 13 0.00

9 Glow Energy PCL 20 0.01

190 Home Product Center PCL 55 0.02

67 Indorama Ventures PCL 62 0.02

780 IRPC PCL 106 0.03

73 Jasmine International PCL 16 0.01

20 Kasikornbank PCL 96 0.03

10 Kasikornbank PCL, NVDR 46 0.02

11 KCE Electronics PCL 36 0.01

187 Krung Thai Bank PCL 92 0.03

185 Land & Houses PCL 48 0.02

42 Minor International PCL 44 0.01

7 MK Restaurants Group PCL 11 0.00

139 Pruksa Real Estate PCL 59 0.02

165 PTT Exploration & Production PCL 381 0.12

50 PTT Global Chemical PCL 87 0.03

124 PTT PCL 1,211 0.39

11 Siam Cement PCL 143 0.05

9 Siam City Cement PCL 64 0.02

30 Siam Commercial Bank PCL 122 0.04

108 Thai Airways International PCL 75 0.02

48 Thai Oil PCL 99 0.03

29 Thaicom PCL 16 0.01

276 TMB Bank PCL 16 0.01

72 Total Access Communication PCL 69 0.02

348 True Corp PCL 70 0.02

3,915 1.27

Turkey - 0.48%

54 Akbank TAS 117 0.04

14 Anadolu Efes Biracilik Ve Malt Sanayii AS 75 0.02

9 Arcelik AS 50 0.02

5 BIM Birlesik Magazalar AS 71 0.02

5 Coca-Cola Icecek AS 52 0.02

27 Eregli Demir ve Celik Fabrikalari TAS 37 0.01

2 Ford Otomotiv Sanayi AS 17 0.01

25 KOC Holding AS 90 0.03

4 Koza Altin Isletmeleri AS 17 0.01

37 Petkim Petrokimya Holding AS 39 0.01

15 Soda Sanayii AS 20 0.01

4 TAV Havalimanlari Holding AS 16 0.01




Shares (000's)

Value (000's)

USD



Turkey - 0.48% (continued)

4 Tofas Turk Otomobil Fabrikasi AS 25 0.01

5 Tupras Turkiye Petrol Rafinerileri AS 92 0.03

118 Turk Hava Yollari AO 165 0.05

26 Turkcell Iletisim Hizmetleri AS 67 0.02

71 Turkiye Garanti Bankasi AS 150 0.04

31 Turkiye Halk Bankasi AS 79 0.03

31 Turkiye Is Bankasi 43 0.01

38 Turkiye Sinai Kalkinma Bankasi AS 14 0.00

215 Turkiye Sise ve Cam Fabrikalari AS 208 0.05

57 Turkiye Vakiflar Bankasi TAO 69 0.02

3 Ulker Biskuvi Sanayi AS 14 0.00

21 Yapi ve Kredi Bankasi AS 19 0.01

1,546 0.48

Total Common Stock – 47.28% (30 November 2015: 96.76%) 144,418 47.28

Preferred Stock

Brazil - 1.57%


18 Cia Brasileira de Distribuicao 291 0.10

12 Cia Energetica de Minas Gerais 27 0.01

184 Itau Unibanco Holding SA 1,923 0.63


265 Petroleo Brasileiro SA 1,247 0.41

10 Suzano Papel e Celulose SA 38 0.01

3 Telefonica Brasil SA 45 0.01

2 Usinas Siderurgicas de Minas Gerais SA 2 0.00

56 Vale SA 424 0.14

Shares (000's)

Value (000's)

USD


Preferred Stock (continued) 4,781 1.57

Colombia - 0.04%

3 Banco Davivienda SA 32 0.01


5 Grupo de Inversiones Suramericana SA 46 0.01

137 0.04

Total Preferred Stock – 1.61% (30 November 2015: 2.72%) 4,918 1.61

Real Estate Investment Trust

Mexico - 0.04%

82 Fibra Uno Administracion SA de CV 127 0.04

127 0.04


21 Growthpoint Properties Ltd 37 0.01

34 Redefine Properties Ltd 25 0.01

62 0.02

Turkey - 0.01%

29 Emlak Konut Gayrimenkul Yatirim Ortakligi AS 24 0.01

24 0.01

Total Real Estate Investment Trust – 0.11% (30 November 2015: 0.15%) 213 0.07

Rights

Taiwan – 0.00%

11 Taishin Financial Holding Co Ltd – –

– –

Total Rights – 0.00% (30 November 2015: 0.00%) – –

Total Investments – 48.96% (30 November 2015: 99.63%) 149,549 48.96

Futures Contracts – 0.00% (December 31, 2015: (0.00)%)

Number of Contracts Long/(Short) Investment Maturity Date Counterparty

Unrealised Appreciation/

(Depreciation) USD


465 MSCI Emerging Market Mini Futures 16/12/2016 Citibank N.A. 1 –

516 S&P 500 E-Mini Index Futures 16/12/2016 Citibank N.A. 1 –

Unrealised Appreciation of Futures Contracts 2 –

Unrealised Depreciation of Futures Contracts – –

Net Unrealised Appreciation of Futures Contracts – (7.04)% (30 November 2015: Nil) 2 –

Value (000's)

USD

% of Net

Asset Value

Cash and Cash Equivalents – 0.29% (30 November 2015: 0.38%) 898 0.29

Other Net Assets – 50.75% (30 November 2015: (0.01)%) 155,020 50.75

Total Net Assets 305,469 100.00

– Amounts designated as “–” are either, less than $500 or less than 500 shares.

Analysis of Total Assets (unaudited) % of Total

Assets

Transferable securities admitted to an official stock exchange listing 44.57

Other transferable securities of the type referred to in Regulations 68 (1)(a), (b) and (c) 0.02

Investment funds 1.84

Current Assets 53.57

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Brazil - 7.74%

30 Aliansce Shopping Centers SA 131 0.01

73 B2W Cia Digital 245 0.02

1,048 Banco do Brasil SA 8,808 0.56

398 Banco Santander Brasil SA 3,306 0.21 1,471

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros 7,212 0.46

50 BrasilAgro - Co Brasileira de Propriedades Agricolas 146 0.01

– Braskem SA 3 –

207 BTG Pactual Group 937 0.06

856 Cia Siderurgica Nacional SA 3,140 0.20

98 Cia Siderurgica Nacional SA, ADR 345 0.02

9 Cosan Logistica SA 13 –

134 Cosan SA Industria e Comercio 1,566 0.10 374

Cyrela Brazil Realty SA Empreendimentos e Participacoes 1,030 0.07

182 Direcional Engenharia SA 250 0.02

520 Duratex SA 1,052 0.07

164 Embraer SA 3,211 0.20

95 Estacio Participacoes SA 469 0.03

260 Eternit SA 106 0.01

454 Even Construtora e Incorporadora SA 534 0.03

120 Ez Tec Empreendimentos e Participacoes SA 524 0.03

252 Fibria Celulose SA 2,314 0.15

45 GAEC Educacao SA 180 0.01

77 Gafisa SA 95 0.01

259 Gerdau SA 726 0.05

1,409 Gerdau SA, ADR 5,693 0.36

16 Guararapes Confeccoes SA 295 0.02

167 Helbor Empreendimentos SA 81 0.01

37 Helbor Empreendimentos SA (Receipts Oct/2016) 18 –

108 International Meal Co Alimentacao SA 171 0.01

113 Iochpe Maxion SA 441 0.03

1,302 JBS SA 3,754 0.23

27 JHSF Participacoes SA 12 –

25 Kepler Weber SA 121 0.01

484 Kroton Educacional SA 2,065 0.13

18 Log-in Logistica Intermodal SA 16 –

31 Magnesita Refratarios SA 210 0.01

54 Mills Estruturas e Servicos de Engenharia SA 59 –

528 MRV Engenharia e Participacoes SA 1,802 0.11

205 Paranapanema SA 98 0.01

1,218 Petroleo Brasileiro SA 6,627 0.42

2,583 Petroleo Brasileiro SA, ADR (non-voting rights) 24,229 1.53

2,147 Petroleo Brasileiro SA, ADR (voting rights) 23,336 1.47

87 Porto Seguro SA 738 0.05 8

Profarma Distribuidora de Produtos Farmaceuticos SA 23 –

29 QGEP Participacoes SA 47 –

59 Rodobens Negocios Imobiliarios SA 92 0.01

121 Rumo Logistica Operadora Multimodal SA 226 0.01

312 Santos Brasil Participacoes SA 250 0.02

23 Sao Carlos Empreendimentos e Participacoes SA 197 0.01

96 SLC Agricola SA 413 0.03

295 Sul America SA 1,637 0.10

186 Tecnisa SA 121 0.01

– TPI - Triunfo Participacoes e Investimentos SA – –


967 Vale SA 8,000 0.50

463 Vale SA, ADR 3,929 0.25

255 Via Varejo SA 725 0.05

122,060 7.74

Shares (000's)

Value (000's)

USD



Chile - 1.41%

81 CAP SA 591 0.04

88 Cementos BIO BIO SA 81 0.01

843 Cencosud SA 2,474 0.16

8 Cencosud SA, ADR 65 –

1,412 Cia Sud Americana de Vapores SA 33 –

35 Cristalerias de Chile SA 349 0.02


1,206 Empresas CMPC SA 2,453 0.16

401 Empresas COPEC SA 3,793 0.23

204 Empresas Hites SA 148 0.01

12,193 Enel Americas SA 2,002 0.13

200 Enel Americas SA, ADR 1,601 0.10

11,096 Enel Chile SA 1,044 0.07

262 Enel Chile SA, ADR 1,233 0.08

119 Grupo Security SA 43 –

502 Inversiones Aguas Metropolitanas SA 849 0.05



305 Latam Airlines Group SA, ADR 2,643 0.16

5,672 Masisa SA 328 0.02

199 PAZ Corp SA 152 0.01

805 Ripley Corp SA 477 0.03

371 Salfacorp SA 275 0.02

242 Sigdo Koppers SA 304 0.02

6,216 Sociedad Matriz SAAM SA 494 0.03

865 Socovesa SA 239 0.02

22,272 1.41


392 361 Degrees International Ltd 156 0.01

1,900 Agile Group Holdings Ltd 1,062 0.07

15,060 Agricultural Bank of China Ltd 6,297 0.41


88 Ajisen China Holdings Ltd 37 –

– Aluminum Corp of China Ltd – –

774 AMVIG Holdings Ltd 274 0.02

794 Angang Steel Co Ltd 447 0.03

412 Anhui Conch Cement Co Ltd 1,190 0.08

154 Anhui Tianda Oil Pipe Co Ltd 33 –

754 Anton Oilfield Services Group 101 0.01

517 Asia Cement China Holdings Corp 127 0.01

274 AVIC International Holdings Ltd 152 0.01

47,809 Bank of China Ltd 21,708 1.39

4,306 Bank of Communications Co Ltd 3,303 0.21

384 Baoye Group Co Ltd 281 0.02

431 BBMG Corp 166 0.01


482 Beijing Capital Land Ltd 189 0.01

330 Beijing Enterprises Holdings Ltd 1,525 0.10

278 Beijing North Star Co Ltd 92 0.01


113 Boer Power Holdings Ltd 49 –

880 Bosideng International Holdings Ltd 83 0.01

428 BYD Electronic International Co Ltd 380 0.02

1,349 C C Land Holdings Ltd 377 0.02

350 Carrianna Group Holdings Co Ltd 35 –

744 Central China Real Estate Ltd 182 0.01

1,600 Century Sunshine Group Holdings Ltd 61 –

822 CGN Meiya Power Holdings Co Ltd 129 0.01

2,332 China Aerospace International Holdings Ltd 306 0.02

1,322 China Agri-Industries Holdings Ltd 530 0.03

1,227 China Aoyuan Property Group Ltd 284 0.02

1,660 China BlueChemical Ltd 379 0.02




Shares (000's)

Value (000's)

USD




5,398 China Cinda Asset Management Co Ltd 1,947 0.12

4,437 China CITIC Bank Corp Ltd 2,891 0.18

1,238 China Coal Energy Co Ltd 622 0.04

1,337 China Communications Construction Co Ltd 1,599 0.10

1,871 China Communications Services Corp Ltd 1,100 0.07


988 China Dongxiang Group Co Ltd 199 0.01 157

China Dredging Environment Protection Holdings Ltd 8 –

1,697 China Everbright Bank Co Ltd 805 0.05

746 China Everbright Ltd 1,504 0.10

1,082 China Evergrande Group 738 0.05

716 China Fiber Optic Network System Group Ltd 65 –

29 China Fordoo Holdings Ltd 20 –

826 China Glass Holdings Ltd 96 0.01

334 China Harmony New Energy Auto Holding Ltd 133 0.01

83 China High Precision Automation Group Ltd 2 –

1,230 China Hongqiao Group Ltd 1,141 0.07

321 China Huiyuan Juice Group Ltd 123 0.01 210

China International Marine Containers Group Co Ltd 317 0.02

4,374 China Jinmao Holdings Group Ltd 1,172 0.07

213 China Longevity Group Co Ltd 7 –

4,586 China Lumena New Materials Corp – –

623 China Merchants Port Holdings Co Ltd 1,562 0.10

580 China Metal Recycling Holdings Ltd – –


298 China Modern Dairy Holdings Ltd 79 0.01

3,090 China National Building Material Co Ltd 1,560 0.10

1,349 China National Materials Co Ltd 321 0.02

700 China Oil & Gas Group Ltd 55 –


568 China Overseas Grand Oceans Group Ltd 211 0.01

478 China Overseas Land & Investment Ltd 1,377 0.09

6,462 China Petroleum & Chemical Corp 4,634 0.29

119 China Petroleum & Chemical Corp, ADR 8,575 0.55

173 China Properties Group Ltd 43 –

1,241 China Railway Construction Corp Ltd 1,761 0.11


2,010 China Resources Cement Holdings Ltd 862 0.05

532 China Resources Land Ltd 1,289 0.08

945 China SCE Property Holdings Ltd 313 0.02

2,253 China Shanshui Cement Group Ltd 296 0.02

1,553 China Shenhua Energy Co Ltd 3,207 0.20

56 China Shineway Pharmaceutical Group Ltd 60 –

504 China Singyes Solar Technologies Holdings Ltd 243 0.02

1,364 China South City Holdings Ltd 316 0.02

2,945 China Starch Holdings Ltd 67 –

562 China Taifeng Beddings Holdings Ltd 15 – 1,672

China Travel International Investment Hong Kong Ltd 489 0.03

701 China Unicom Hong Kong Ltd 8,434 0.54

1,019 China Vanadium Titano - Magnetite Mining Co Ltd 48 –

144 China XLX Fertiliser Ltd 45 –

820 China ZhengTong Auto Services Holdings Ltd 245 0.02

1,694 China Zhongwang Holdings Ltd 785 0.05

528 Chongqing Machinery & Electric Co Ltd 64 –

2,054 Chongqing Rural Commercial Bank Co Ltd 1,280 0.08

254 Chu Kong Shipping Enterprises Group Co Ltd 68 –

761 CIFI Holdings Group Co Ltd 225 0.01

202 CIMC Enric Holdings Ltd 90 0.01

3,654 CITIC Ltd 5,630 0.37

1,640 CITIC Resources Holdings Ltd 218 0.01

Shares (000's)

Value (000's)

USD




1,048 Citychamp Watch & Jewellery Group Ltd 258 0.02

8,839 CNOOC Ltd 11,634 0.75

16 CNOOC Ltd, ADR 2,104 0.13

1,711 Comba Telecom Systems Holdings Ltd 311 0.02

3,880 Concord New Energy Group Ltd 205 0.01

1,255 Coolpad Group Ltd 137 0.01

516 COSCO International Holdings Ltd 249 0.02

582 COSCO Shipping Energy Transpor 342 0.02

1,448 COSCO Shipping Ports Ltd 1,514 0.10

190 Coslight Technology International Group Co Ltd 128 0.01

2,666 Country Garden Holdings Co Ltd 1,490 0.09

325 CPMC Holdings Ltd 157 0.01

293 DaChan Food Asia Ltd 27 –

649 Dah Chong Hong Holdings Ltd 259 0.02

918 Daphne International Holdings Ltd 103 0.01

9 Dongfang Electric Corp Ltd 7 –

1,704 Dongfeng Motor Group Co Ltd 1,729 0.11

913 Dongyue Group Ltd 60 –

888 Dynasty Fine Wines Group Ltd 31 –

594 EVA Precision Industrial Holdings Ltd 67 –

162 Evergreen International Holdings Ltd 18 –

1,487 Fantasia Holdings Group Co Ltd 201 0.01

926 Fosun International Ltd 1,370 0.09

983 Fufeng Group Ltd 449 0.03

246 Fullshare Holdings Ltd 131 0.01

1,234 Future Land Development Holdings Ltd 228 0.01

5,032 GCL-Poly Energy Holdings Ltd 676 0.04

891 Glorious Property Holdings Ltd 133 0.01

745 Golden Meditech Holdings Ltd 95 0.01

431 Goldlion Holdings Ltd 173 0.01

131 Goldpac Group Ltd 38 –

7,349 GOME Electrical Appliances Holding Ltd 956 0.06

783 Greentown China Holdings Ltd 643 0.04

18 Guangshen Railway Co Ltd 487 0.03

1,057 Guangzhou R&F Properties Co Ltd 1,343 0.09 731

Guodian Technology & Environment Group Corp Ltd 57 –

703 Harbin Electric Co Ltd 332 0.02

2,136 Hengdeli Holdings Ltd 245 0.02

740 Hilong Holding Ltd 200 0.01

149 HNA Infrastructure Company Ltd 165 0.01

147 Honghua Group Ltd 14 –

754 Hopson Development Holdings Ltd 688 0.04

4,280 Hua Han Health Industry Holdings Ltd 292 0.02

95 Hua Hong Semiconductor Ltd 109 0.01

293 Huabao International Holdings Ltd 124 0.01

2,404 Huaneng Renewables Corp Ltd 776 0.05

339 Huishang Bank Corp Ltd 172 0.01

454 Hydoo International Holding Ltd 41 –

48,200 Industrial & Commercial Bank of China Ltd 29,453 1.88

1,284 Intime Retail Group Co Ltd 1,055 0.07

812 Jiangxi Copper Co Ltd 1,239 0.08

1 JinkoSolar Holding Co Ltd 17 –

974 Ju Teng International Holdings Ltd 327 0.02

74 K Wah International Holdings Ltd 38 –

2,410 Kai Yuan Holdings Ltd 32 –

2,646 Kaisa Group Holdings Ltd 100 0.01

130 Kangda International Environmental Co Ltd 33 –

720 Kingboard Chemical Holdings Ltd 2,017 0.13

428 Kingboard Laminates Holdings Ltd 378 0.02

1,884 Kunlun Energy Co Ltd 1,380 0.09

1,141 KWG Property Holding Ltd 640 0.04

47 Lianhua Supermarket Holdings Co Ltd 22 –

312 Logan Property Holdings Co Ltd 128 0.01




Shares (000's)

Value (000's)

USD





1,865 Lonking Holdings Ltd 372 0.02

1,358 Maoye International Holdings Ltd 126 0.01

228 MIE Holdings Corp 22 –

1,470 Mingyuan Medicare Development Co Ltd 8 –

1,836 Minmetals Land Ltd 234 0.01

1,560 MMG Ltd 437 0.03

170 Modern Land China Co Ltd 22 –

3,230 Munsun Capital Group Ltd 97 0.01

324 Nature Home Holding Co Ltd 45 –

659 New World Department Store China Ltd 92 0.01

1,445 Nine Dragons Paper Holdings Ltd 1,268 0.08

461 NVC Lighting Holding Ltd 63 –

825 Parkson Retail Group Ltd 86 0.01

1,070 People's Insurance Co Group of China Ltd 451 0.03

5,158 PetroChina Co Ltd 3,519 0.23

768 Poly Property Group Co Ltd 239 0.02

347 Pou Sheng International Holdings Ltd 106 0.01

1,134 Powerlong Real Estate Holdings Ltd 333 0.02

966 Qingling Motors Co Ltd 292 0.02

334 Qinhuangdao Port Co Ltd 81 0.01

1,017 Qunxing Paper Holdings Co Ltd 50 –

329 Real Gold Mining Ltd 11 –

848 Real Nutriceutical Group Ltd 67 –

81 Red Star Macalline Group Corp Ltd 79 0.01

3,200 REXLot Holdings Ltd 50 – 352

Sany Heavy Equipment International Holdings Co Ltd 61 –

394 Semiconductor Manufacturing International Corp 53 – 93

Semiconductor Manufacturing International Corp, ADR 624 0.04

71 Shandong Chenming Paper Holdings Ltd 70 –

480 Shanghai Electric Group Co Ltd 231 0.01

523 Shanghai Industrial Holdings Ltd 1,472 0.09 726

Shanghai Jin Jiang International Hotels Group Co Ltd 202 0.01

422 Shanghai Prime Machinery Co Ltd 80 0.01

18 Shengjing Bank Co Ltd 18 –

716 Shenguan Holdings Group Ltd 61 –

2,560 Shenzhen Investment Ltd 1,114 0.07

1,337 Shimao Property Holdings Ltd 1,746 0.11 1,438

Shougang Concord International Enterprises Co Ltd 51 –

1,518 Shougang Fushan Resources Group Ltd 326 0.02

768 Shunfeng International Clean Energy Ltd 65 –

618 Silver Grant International Industries Ltd 68 –

763 SIM Technology Group Ltd 31 –

2,756 Sino-Ocean Group Holding Ltd 1,173 0.07

1,596 Sinofert Holdings Ltd 220 0.01

123 SinoMedia Holding Ltd 30 –

172 Sinopec Engineering Group Co Ltd 149 0.01

394 Sinopec Kantons Holdings Ltd 177 0.01

277 Sinotrans Ltd 139 0.01

890 Sinotrans Shipping Ltd 194 0.01

791 Sinotruk Hong Kong Ltd 549 0.03

1,184 Skyworth Digital Holdings Ltd 742 0.05

304 Springland International Holdings Ltd 47 –

527 Sunac China Holdings Ltd 400 0.03

1,603 TCC International Holdings Ltd 393 0.02

170 TCL Multimedia Technology Holdings Ltd 83 0.01

625 Tian An China Investment Co Ltd 348 0.02

962 Tiangong International Co Ltd 115 0.01

2,184 Tianjin Port Development Holdings Ltd 340 0.02

1,024 Tianyi Summi Holdings Ltd 148 0.01

368 Tomson Group Ltd 122 0.01

Shares (000's)

Value (000's)

USD




206 TPV Technology Ltd 38 –

502 Trigiant Group Ltd 73 –

2,178 Trony Solar Holdings Co Ltd 33 –

50 Truly International Holdings Ltd 20 –

1,020 Universal Health International Group Holding Ltd 51 –

2,150 V1 Group Ltd 93 0.01

138 Wasion Group Holdings Ltd 87 0.01


420 Weiqiao Textile Co 273 0.02

592 Welling Holding Ltd 116 0.01

2,264 West China Cement Ltd 230 0.01

1,080 Xiamen International Port Co Ltd 221 0.01

268 Xinchen China Power Holdings Ltd 43 –

875 Xingda International Holdings Ltd 357 0.02

234 Xiwang Special Steel Co Ltd 26 –


1,008 Yingde Gases Group Co Ltd 397 0.03

132 Yip's Chemical Holdings Ltd 58 –

293 Youyuan International Holdings Ltd 78 –

888 Yuanda China Holdings Ltd 21 –

7,201 Yuexiu Property Co Ltd 1,065 0.07

1,127 Yuzhou Properties Co Ltd 411 0.03

155 Zhejiang Glass Co Ltd – –

402 Zhong An Real Estate Ltd 37 –

434 Zhongsheng Group Holdings Ltd 402 0.03 943

Zoomlion Heavy Industry Science and Technology Co Ltd 433 0.03

250,815 15.90

Colombia - 0.42%

228 Almacenes Exito SA 1,060 0.07

3,385 Ecopetrol SA 1,453 0.09

240 Grupo Argos SA 1,404 0.09

182 Grupo de Inversiones Suramericana SA 2,096 0.14

68 Grupo Nutresa SA 503 0.03

6,516 0.42

Czech Republic - 0.22%

148 CEZ AS 2,398 0.15

5 Pegas Nonwovens SA 143 0.01

132 Unipetrol AS 956 0.06

3,497 0.22

Greece - 0.08%

68 Alpha Bank AE 137 0.01

186 Ellaktor SA 227 0.02

76 GEK Terna Holding Real Estate Construction SA 182 0.01

31 Hellenic Petroleum SA 144 0.01

47 Intracom Holdings SA 15 –

56 Intralot SA-Integrated Lottery Systems & Services 64 –

61 Mytilineos Holdings SA 381 0.03

10 Terna Energy SA 30 –

1,180 0.08

Hong Kong - 0.00%

249 Samson Holding Ltd 19 –

19 –

Hungary - 0.41%

35 MOL Hungarian Oil & Gas PLC 2,216 0.14

158 OTP Bank PLC 4,245 0.27

6,461 0.41

India - 12.41%

15 Aarti Industries 153 0.01

24 Aban Offshore Ltd 85 0.01

22 ACC Ltd 438 0.03

393 Adani Enterprises Ltd 393 0.02




Shares (000's)

Value (000's)

USD



India - 12.41% (continued)

191 Adani Ports & Special Economic Zone Ltd 773 0.05

1,196 Adani Power Ltd 501 0.03

256 Adani Transmission Ltd 217 0.01

310 Aditya Birla Fashion and Retail Ltd 632 0.04

71 Aditya Birla Nuvo Ltd 1,301 0.08

96 Alembic Ltd 50 –

97 Allcargo Logistics Ltd 252 0.02

530 Alok Industries Ltd 21 –

282 Ambuja Cements Ltd 867 0.05

78 Amtek Auto Ltd 47 –

51 Anant Raj Ltd 31 –

235 Andhra Bank 177 0.01

23 Apar Industries Ltd 195 0.01

367 Apollo Tyres Ltd 1,020 0.06

259 Arvind Ltd 1,376 0.09

23 Arvind SmartSpaces Ltd 24 –

113 Ashoka Buildcon Ltd 238 0.02

4 Atul Ltd 143 0.01

1,468 Axis Bank Ltd 10,048 0.65

28 Bajaj Finance Ltd 372 0.02

33 Bajaj Finserv Ltd 1,451 0.09

44 Bajaj Holdings & Investment Ltd 1,375 0.09

47 Balkrishna Industries Ltd 685 0.04

21 Balmer Lawrie & Co Ltd 298 0.02

130 Balrampur Chini Mills Ltd 233 0.01

458 Bank of Baroda 1,095 0.07

2 BEML Ltd 23 –

4 Bharat Electronics Ltd 81 0.01

589 Bharat Heavy Electricals Ltd 1,117 0.07

1,754 Bharti Airtel Ltd 8,289 0.54

59 Biocon Ltd 783 0.05

32 Birla Corp Ltd 315 0.02

10 Brigade Enterprises Ltd 22 –

665 Cairn India Ltd 2,456 0.16

37 Canara Bank 172 0.01

38 Ceat Ltd 713 0.05

278 Chambal Fertilizers & Chemicals Ltd 256 0.02

307 Chennai Super Kings Cricket Ltd 2 –

69 Cipla Ltd 570 0.04

163 City Union Bank Ltd 321 0.02

25 Container Corp Of India Ltd 434 0.03

80 Coromandel International Ltd 306 0.02

133 Cox & Kings Ltd 318 0.02

564 Crompton Greaves Consumer Electricals Ltd 1,218 0.08

457 Crompton Greaves Ltd 520 0.03

82 Cyient Ltd 601 0.04

16 Dalmia Bharat Ltd 385 0.02

283 DCB Bank Ltd 461 0.03

65 DCM Shriram Ltd 200 0.01

79 Deepak Fertilisers & Petrochemicals Corp Ltd 224 0.01

8 Deepak Nitrite Ltd 11 –

96 Delta Corp Ltd 161 0.01

24 DEN Networks Ltd 21 –

216 Dewan Housing Finance Corp Ltd 806 0.05

69 Dishman Pharmaceuticals & Chemicals Ltd 237 0.02

357 DLF Ltd 597 0.04

371 Edelweiss Financial Services Ltd 550 0.03

107 EID Parry India Ltd 388 0.02

194 EIH Ltd 290 0.02

100 Engineers India Ltd 427 0.03

30 Eros International Media Ltd 76 –

14 Escorts Ltd 65 –

79 Essel Propack Ltd 298 0.02

Shares (000's)

Value (000's)

USD




31 Eveready Industries India Ltd 99 0.01

125 Exide Industries Ltd 331 0.02

1,789 Federal Bank Ltd 1,846 0.12

82 Finolex Cables Ltd 492 0.03

25 Finolex Industries Ltd 159 0.01

376 Firstsource Solutions Ltd 202 0.01

118 Future Enterprises Ltd 28 –

118 Future Retail Ltd 213 0.01

423 GAIL India Ltd 2,617 0.17

16 Gateway Distriparks Ltd 56 –

65 Gati Ltd 118 0.01

18 Genus Power Infrastructures Ltd 11 –

35 Geometric Ltd 123 0.01

59 GHCL Ltd 209 0.01

10 GIC Housing Finance Ltd 42 –

8 Global Offshore Services Ltd 15 –

8 Godfrey Phillips India Ltd 112 0.01

75 Graphite India Ltd 83 0.01

147 Grasim Industries Ltd 1,854 0.13

106 Great Eastern Shipping Co Ltd 564 0.04

6 Greaves Cotton Ltd 12 –

46 Gujarat Alkalies & Chemicals Ltd 245 0.02

10 Gujarat Ambuja Exports Ltd 13 –

38 Gujarat Fluorochemicals Ltd 272 0.02

190 Gujarat Mineral Development Corp Ltd 295 0.02

20 Gujarat Narmada Valley Fertilizers & Chemicals Ltd 66 –

109 Gujarat State Fertilizers & Chemicals Ltd 143 0.01

266 Gujarat State Petronet Ltd 610 0.04

6 Gulf Oil Lubricants India Ltd 56 –

35 Hathway Cable & Datacom Ltd 18 –

12 HEG Ltd 28 –

120 HeidelbergCement India Ltd 201 0.01

4 Hexa Tradex Ltd 1 –

30 Hikal Ltd 100 0.01

970 Himachal Futuristic Communications Ltd 179 0.01

30 Himadri Speciality Chemical Ltd 17 –

86 Himatsingka Seide Ltd 356 0.02

1,201 Hindalco Industries Ltd 3,069 0.19

6 Hinduja Global Solutions Ltd 49 –

3 Hindustan Media Ventures Ltd 13 –

142 Housing Development & Infrastructure Ltd 128 0.01

47 HSIL Ltd 199 0.01

83 HT Media Ltd 87 0.01

3,514 ICICI Bank Ltd 13,607 0.87

1,814 Idea Cellular Ltd 2,040 0.13

1,490 IDFC Bank Ltd 1,496 0.09

1,472 IDFC Ltd 1,238 0.08

615 IFCI Ltd 209 0.01

264 IIFL Holdings Ltd 1,025 0.06

42 IL&FS Transportation Networks Ltd 61 –

331 India Cements Ltd 576 0.04

181 Indiabulls Housing Finance Ltd 2,021 0.13

262 Indiabulls Real Estate Ltd 268 0.02

131 Indian Bank 483 0.03

219 Indian Hotels Co Ltd 325 0.02

2 INEOS Styrolution India Ltd 17 –

7 Inox Leisure Ltd 23 –

45 Intellect Design Arena Ltd 95 0.01

25 Ipca Laboratories Ltd 210 0.01

31 ITD Cementation India Ltd 64 –

11 J Kumar Infraprojects Ltd 31 –

5 Jagran Prakashan Ltd 13 –

490 Jain Irrigation Systems Ltd 641 0.04




Shares (000's)

Value (000's)

USD




156 Jaiprakash Associates Ltd 18 –

449 Jammu & Kashmir Bank Ltd 393 0.02

42 JB Chemicals & Pharmaceuticals Ltd 216 0.01

69 JBF Industries Ltd 208 0.01

34 Jindal Poly Films Ltd 175 0.01

279 Jindal Saw Ltd 225 0.01

194 Jindal Steel & Power Ltd 199 0.01

22 JK Cement Ltd 238 0.02

29 JK Lakshmi Cement Ltd 170 0.01

148 JK Tyre & Industries Ltd 264 0.02

448 JM Financial Ltd 455 0.03

816 JSW Energy Ltd 710 0.05

160 JSW Steel Ltd 3,996 0.25

22 JITF Infralogistics Ltd 13 –

75 Jubilant Life Sciences Ltd 775 0.05

68 Kalpataru Power Transmission Ltd 241 0.02

6 Kalyani Steels Ltd 27 –

204 Karnataka Bank Ltd 323 0.02

369 Karur Vysya Bank Ltd 452 0.03

34 Kaveri Seed Co Ltd 209 0.01

57 KCP Ltd 73 –

107 KEC International Ltd 226 0.01

4 Kirloskar Brothers Ltd 11 –

35 Kirloskar Oil Engines Ltd 167 0.01

178 KPIT Technologies Ltd 343 0.02

10 KPR Mill Ltd 89 0.01

47 KRBL Ltd 186 0.01

32 KSK Energy Ventures Ltd 10 –

43 Kwality Ltd 80 0.01

4 Lakshmi Machine Works Ltd 227 0.01

62 Lakshmi Vilas Bank Ltd 135 0.01

145 LIC Housing Finance Ltd 1,196 0.08

77 Magma Fincorp Ltd 114 0.01

147 Mahindra & Mahindra Financial Services Ltd 635 0.04

400 Mahindra & Mahindra Ltd 6,925 0.45

34 Mahindra & Mahindra Ltd, GDR 584 0.04

11 Mahindra CIE Automotive Ltd 30 –

19 Mahindra Holidays & Resorts India Ltd 110 0.01

16 Mahindra Lifespace Developers Ltd 88 0.01

16 Man Infraconstruction Ltd 10 –

454 Manappuram Finance Ltd 511 0.03

10 Max India Ltd 20 –

2 Max Ventures & Industries Ltd 2 –

52 McLeod Russel India Ltd 115 0.01

39 Meghmani Organics Ltd 25 –

42 Mercator Ltd 25 –

8 Merck Ltd 119 0.01

42 Mirza International Ltd 49 –

23 MOIL Ltd 128 0.01

102 Mphasis Ltd 785 0.05

1 MRF Ltd 1,057 0.07

145 Muthoot Finance Ltd 640 0.04

382 Nagarjuna Fertilizers and Chemicals Ltd 54 –

813 National Aluminium Co Ltd 677 0.04

24 Nava Bharat Ventures Ltd 44 –

316 NCC Ltd 369 0.02

121 Nectar Lifesciences Ltd 59 –

63 NIIT Ltd 70 –

58 NIIT Technologies Ltd 363 0.02

13 Nilkamal Ltd 256 0.02

26 NOCIL Ltd 26 –

72 Oberoi Realty Ltd 305 0.02

38 OCL India Ltd 451 0.03

Shares (000's)

Value (000's)

USD




35 Omaxe Ltd 83 0.01

64 OnMobile Global Ltd 86 0.01

94 Orient Cement Ltd 187 0.01

43 Oriental Bank of Commerce 75 –

48 PC Jeweller Ltd 257 0.02

11 Persistent Systems Ltd 101 0.01

208 Petronet LNG Ltd 1,178 0.07

88 Piramal Enterprises Ltd 2,174 0.14

8 Polaris Consulting & Services Ltd 19 –

4 Polyplex Corp Ltd 19 –

1,125 Power Finance Corp Ltd 2,199 0.14

129 Praj Industries Ltd 145 0.01

50 Prestige Estates Projects Ltd 113 0.01

243 PTC India Financial Services Ltd 139 0.01

408 PTC India Ltd 426 0.03

211 Punjab National Bank 425 0.03

57 Radico Khaitan Ltd 99 0.01

287 Rain Industries Ltd 212 0.01

73 Rajesh Exports Ltd 496 0.03

49 Ramco Cements Ltd 434 0.03

2 Ramco Systems Ltd 10 –

43 Rashtriya Chemicals & Fertilizers Ltd 29 –

10 Ratnamani Metals & Tubes Ltd 80 0.01

51 Raymond Ltd 378 0.02

315 Redington India Ltd 450 0.03

699 REI Agro Ltd 6 –

107 Reliance Capital Ltd 687 0.04

1,499 Reliance Communications Ltd 821 0.05

1,660 Reliance Industries Ltd 23,941 1.50

23 Reliance Industries Ltd, GDR 654 0.04

826 Reliance Power Ltd 502 0.03

171 Rolta India Ltd 128 0.01

94 Ruchi Soya Industries Ltd 28 –

1,191 Rural Electrification Corp Ltd 2,383 0.15

24 Sanghvi Movers Ltd 76 –

7 Shilpi Cable Technologies Ltd 19 –

188 Shipping Corp of India Ltd 161 0.01

2 Shriram City Union Finance Ltd 63 –

128 Shriram Transport Finance Co Ltd 1,680 0.11

8 Simplex Infrastructures Ltd 35 –

490 Sintex Industries Ltd 555 0.04

59 Sobha Ltd 219 0.01

33 Sona Koyo Steering Systems Ltd 29 –

78 Sonata Software Ltd 177 0.01

973 South Indian Bank Ltd 305 0.02

213 Srei Infrastructure Finance Ltd 251 0.02

29 SRF Ltd 663 0.04

20 State Bank of Bikaner & Jaipur 208 0.01

843 State Bank of India 3,167 0.20

6 State Bank of India, GDR 216 0.01

11 State Bank of Travancore 87 0.01

30 Steel Authority of India Ltd 22 –

196 Sterlite Technologies Ltd 274 0.02

27 Sun TV Network Ltd 183 0.01

7 Sundram Fasteners Ltd 31 –

6 Sunteck Realty Ltd 18 –

176 Syndicate Bank 173 0.01

45 TAKE Solutions Ltd 83 0.01

62 Tamil Nadu Newsprint & Papers Ltd 317 0.02

136 Tata Chemicals Ltd 954 0.06

563 Tata Global Beverages Ltd 1,015 0.06

1,383 Tata Motors Ltd 9,234 0.60

42 Tata Motors Ltd, ADR 1,375 0.09




Shares (000's)

Value (000's)

USD




445 Tata Steel Ltd 2,691 0.17

18 TCI Express Ltd 76 –

262 Tech Mahindra Ltd 1,861 0.12

32 Techno Electric & Engineering Co Ltd 143 0.01

102 The Karnataka Bank 162 0.01

1 Tide Water Oil Co India Ltd 72 –

92 Time Technoplast Ltd 124 0.01

18 Titagarh Wagons Ltd 29 –

36 Transport Corp of India Ltd 92 0.01

35 Triveni Engineering & Industries Ltd 30 –

81 Tube Investments of India Ltd 684 0.04

43 TV18 Broadcast Ltd 24 –

216 UCO Bank 107 0.01

54 Uflex Ltd 219 0.01

48 Unichem Laboratories Ltd 187 0.01

228 Union Bank of India 505 0.03

151 UPL Ltd 1,399 0.09

11 VA Tech Wabag Ltd 82 0.01

40 Vardhman Textiles Ltd 646 0.04

356 Vedanta Ltd 1,189 0.08

313 Vedanta Ltd, ADR 4,188 0.27

– Vesuvius India Ltd 7 –

72 Vijaya Bank 46 –

201 Welspun Corp Ltd 234 0.01

87 Welspun Enterprises Ltd 80 0.01

101 Welspun India Ltd 103 0.01

624 Wipro Ltd 4,236 0.28

16 Wockhardt Ltd 167 0.01

53 Yes Bank Ltd 909 0.06

18 Zensar Technologies Ltd 265 0.02

2 Zuari Agro Chemicals Ltd 5 –

195,791 12.41

Indonesia - 2.98%

22,961 Adaro Energy Tbk PT 2,582 0.16

2,196 Adhi Karya Persero Tbk PT 309 0.02

9,095 Agung Podomoro Land Tbk PT 158 0.01

13,856 Alam Sutera Realty Tbk PT 388 0.02

12,105 Aneka Tambang Persero Tbk PT 865 0.05

150 Asahimas Flat Glass Tbk PT 73 –

554 Astra Agro Lestari Tbk PT 675 0.04

68 Astra Otoparts Tbk PT 10 –

73,334 Bakrie and Brothers Tbk PT 271 0.02

18,732 Bakrie Sumatera Plantations Tbk PT 69 –

51,916 Bakrie Telecom Tbk PT 192 0.01

27,918 Bakrieland Development Tbk PT 103 0.01

6,037 Bank Bukopin Tbk 285 0.02

4,320 Bank Danamon Indonesia Tbk PT 1,036 0.07

10,554 Bank Mandiri Persero Tbk PT 8,184 0.53

8,016 Bank Negara Indonesia Persero Tbk PT 3,055 0.19

6,223 Bank Pan Indonesia Tbk PT 337 0.02

4,022 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 459 0.03

3,445 Bank Pembangunan Daerah Jawa Timur Tbk PT 128 0.01

5,874 Bank Tabungan Negara Persero Tbk PT 714 0.05

5,822 Barito Pacific Tbk PT 674 0.04

4,882 Bekasi Fajar Industrial Estate Tbk PT 96 0.01

16,524 Benakat Integra Tbk PT 101 0.01

19,202 Berlian Laju Tanker Tbk PT – –

1,198 BISI International Tbk PT 162 0.01

148 Blue Bird Tbk PT 32 –

3,831 Bumi Serpong Damai Tbk PT 479 0.03

849 Catur Sentosa Adiprana Tbk PT 31 –

9,445 Ciputra Development Tbk PT 940 0.06

Shares (000's)

Value (000's)

USD



Indonesia - 2.98% (continued)

5,349 Ciputra Property Tbk PT 282 0.02

1,327 Ciputra Surya Tbk PT 269 0.02

4,177 Clipan Finance Indonesia Tbk PT 75 –

20,564 Darma Henwa Tbk PT 76 –

2,701 Delta Dunia Makmur Tbk PT 101 0.01

14,159 Eagle High Plantations Tbk PT 216 0.01

5,282 Elnusa Tbk PT 167 0.01

64,800 Energi Mega Persada Tbk PT 239 0.02

1,461 Erajaya Swasembada Tbk PT 66 –

2,945 Gajah Tunggal Tbk PT 218 0.01

6,116 Garuda Indonesia Persero Tbk PT 172 0.01

9,293 Global Mediacom Tbk PT 404 0.03

16,581 Hanson International Tbk PT 206 0.01

1,137 Harum Energy Tbk PT 181 0.01

2,842 Holcim Indonesia Tbk PT 194 0.01

5,491 Indah Kiat Pulp & Paper Corp Tbk PT 395 0.03

584 Indo Tambangraya Megah Tbk PT 688 0.04

6,496 Indofood Sukses Makmur Tbk PT 3,642 0.24

216 Inovisi Infracom Tbk PT – –

10,525 Intiland Development Tbk PT 388 0.02

267 Jakarta International Hotel & Development Tbk PT 10 –

3,488 Japfa Comfeed Indonesia Tbk PT 430 0.03

2,143 Jaya Real Property Tbk PT 134 0.01

28,989 Kawasan Industri Jababeka Tbk PT 616 0.04

559 Lippo Cikarang Tbk PT 226 0.01

22,135 Lippo Karawaci Tbk PT 1,248 0.08

3,156 Medco Energi Internasional Tbk PT 293 0.02

117 Mitra Adiperkasa Tbk PT 45 –

479 Mitra Pinasthika Mustika Tbk PT 29 –

47,216 MNC Investama Tbk PT 494 0.03

749 MNC Land Tbk PT 61 –

13,359 Modernland Realty Tbk PT 345 0.02

1,126 Multistrada Arah Sarana Tbk PT 26 –

13,605 Nusantara Infrastructure Tbk PT 132 0.01

588 Pabrik Kertas Tjiwi Kimia Tbk PT 33 –

6,877 Pan Brothers Tbk PT 226 0.01

9,818 Panin Financial Tbk PT 132 0.01

670 Paninvest Tbk PT 31 – 6,225

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 833 0.05

4,955 Ramayana Lestari Sentosa Tbk PT 435 0.03

6,501 Salim Ivomas Pratama Tbk PT 248 0.02

1,363 Sampoerna Agro PT 192 0.01

2,315 Semen Baturaja Persero Tbk PT 442 0.03

1,807 Semen Indonesia Persero Tbk PT 1,181 0.07

61 Sinar Mas Multiartha Tbk PT 38 –

13,372 Sri Rejeki Isman Tbk PT 237 0.02

6,321 Surya Semesta Internusa Tbk PT 240 0.02

543 Tambang Batubara Bukit Asam Persero Tbk PT 471 0.03

159 Tempo Scan Pacific Tbk PT 24 –

3,508 Tiga Pilar Sejahtera Food Tbk 484 0.03

6,373 Timah Persero Tbk PT 566 0.04

1,986 Tiphone Mobile Indonesia Tbk PT 105 0.01

19,343 Truba Alam Manunggal Engineering PT 50 –

3,823 Tunas Baru Lampung Tbk PT 265 0.02

3,540 Tunas Ridean Tbk PT 337 0.02

2,739 United Tractors Tbk PT 4,235 0.28

3,689 Vale Indonesia Tbk PT 916 0.06

3,223 Visi Media Asia Tbk PT 63 –

4,216 XL Axiata Tbk PT 715 0.05

46,975 2.98




Shares (000's)

Value (000's)

USD



Israel - –%

– Electra Real Estate Ltd – –

– Formula Systems 1985 Ltd – –

– Formula Vision Technologies Ltd – –

– –


11 Ace Technologies Corp 27 –

14 AJ Rent A Car Co Ltd 102 0.01

6 Amotech Co Ltd 104 0.01

2 Asia Cement Co Ltd 145 0.01

1 ASIA Holdings Co Ltd 135 0.01

6 Asia Paper Manufacturing Co Ltd 101 0.01

111 Asiana Airlines Inc 449 0.03

17 Austem Co Ltd 46 –

11 Avaco Co Ltd 54 –

3 BH Co Ltd 30 –

412 BNK Financial Group Inc 3,154 0.20

2 Bookook Securities Co Ltd 33 –

1 Busan City Gas Co Ltd 18 –

84 China Great Star International Ltd 98 0.01

20 Chinyang Holdings Corp 58 –

2 Chokwang Paint Ltd 19 –

1 Chosun Refractories Co Ltd 88 0.01

24 CJ Hellovision Co Ltd 189 0.01

1 CJ O Shopping Co Ltd 111 0.01

1 CKD Bio Corp 21 –

15 Dae Dong Industrial Co Ltd 93 0.01

2 Dae Han Flour Mills Co Ltd 238 0.02

23 Dae Hyun Co Ltd 75 –

16 Dae Won Kang Up Co Ltd 62 –

108 Dae Young Packaging Co Ltd 86 0.01

35 Daeduck Electronics Co 230 0.01

20 Daeduck GDS Co Ltd 183 0.01

6 Daegu Department Store 73 –

19 Daehan Steel Co Ltd 143 0.01

6 Daekyo Co Ltd 44 –

22 Daelim Industrial Co Ltd 1,404 0.09

14 Daesang Holdings Co Ltd 125 0.01

8 Daesung Holdings Co Ltd 68 –

3 Daewon San Up Co Ltd 21 –

116 Daewoo Engineering & Construction Co Ltd 513 0.03

1 Dahaam E-Tec Co Ltd 2 –

41 Daishin Securities Co Ltd 362 0.02

23 Daou Technology Inc 362 0.02

4 DCM Corp 40 –

243 DGB Financial Group Inc 1,988 0.13

17 Display Tech Co Ltd 55 –

7 DK UIL Co Ltd 66 –

13 Dong Ah Tire & Rubber Co Ltd 287 0.02

5 Dong-Ah Geological Engineering Co Ltd 35 –

2 Dong-Il Corp 84 0.01

25 Dongbang Transport Logistics Co Ltd 41 –

87 DONGBU Co Ltd 53 –

22 Dongbu Securities Co Ltd 61 –

2 Dongil Industries Co Ltd 128 0.01

34 Dongkook Industrial Co Ltd 70 –

30 Dongkuk Industries Co Ltd 120 0.01

76 Dongkuk Steel Mill Co Ltd 630 0.04

16 Dongsung Corp 84 0.01

– Dongwha Enterprise Co Ltd 14 –

6 Dongwon Development Co Ltd 21 –

5 Dongyang E&P Inc 56 –

49 Doosan Heavy Industries & Construction Co Ltd 1,080 0.07


Shares (000's)

Value (000's)

USD




10 DRB Holding Co Ltd 93 0.01

25 DY Corp 154 0.01

8 e-LITECOM Co Ltd 60 –

19 E-MART Inc 3,000 0.19

6 Eagon Industrial Ltd 55 –

16 Easy Bio Inc 80 0.01

6 Elentec Co Ltd 29 –

42 Eugene Corp 177 0.01

117 Eugene Investment & Securities Co Ltd 230 0.01

12 Eusu Holdings Co Ltd 61 –

5 EVERDIGM Corp 44 –

36 FarmStory Co Ltd 44 –

20 Fine Technix Co Ltd 49 –

1 F&F Co Ltd 16 –

2 Gaon Cable Co Ltd 40 –

9 Golfzonyuwonholdings Co Ltd 57 –


42 GS Global Corp 95 0.01

70 GS Holdings Corp 3,244 0.21

1 Gwangju Shinsegae Co Ltd 103 0.01

10 Halla Holdings Corp 519 0.03

24 Han Kuk Carbon Co Ltd 121 0.01

223 Hana Financial Group Inc 6,145 0.39

16 Hana Micron Inc 70 –

5 Hanil Cement Co Ltd 281 0.02

14 Hanjin Heavy Industries & Construction Holdings Co Ltd 60 –

37 Hanjin Kal Corp 556 0.04

12 Hanjin Transportation Co Ltd 283 0.02

1 Hankuk Glass Industries Inc 32 –

5 Hankuk Paper Manufacturing Co Ltd 134 0.01

2 HanmiGlobal Co Ltd 18 –

6 Hanshin Construction 77 –

71 Hansol Holdings Co Ltd 348 0.02

65 Hansol HomeDeco Co Ltd 85 0.01

121 Hanwha Chemical Corp 2,400 0.15

37 Hanwha General Insurance Co Ltd 249 0.02

265 Hanwha Life Insurance Co Ltd 1,510 0.10

1 Hanwha Techwin Co Ltd 37 –

15 Hanyang Securities Co Ltd 93 0.01

30 Harim Holdings Co Ltd 101 0.01

88 Heung-A Shipping Co Ltd 96 0.01

14 Hitejinro Holdings Co Ltd 149 0.01

12 HMC Investment Securities Co Ltd 101 0.01

3 HS R&A Co Ltd 98 0.01

17 Humax Co Ltd 191 0.01

14 Huvis Corp 90 0.01

20 Hwa Shin Co Ltd 103 0.01

1 Hwacheon Machine Tool Co Ltd 28 –

9 HwaSung Industrial Co Ltd 106 0.01

4 Hy-Lok Corp 76 –

16 Hyundai BNG Steel Co Ltd 153 0.01

6 Hyundai Corp 108 0.01

17 Hyundai Department Store Co Ltd 1,588 0.10

95 Hyundai Engineering & Construction Co Ltd 3,202 0.20

18 Hyundai Greenfood Co Ltd 253 0.02

38 Hyundai Heavy Industries Co Ltd 4,612 0.29

5 Hyundai Home Shopping Network Corp 447 0.03

45 Hyundai Hy Communications & Network Co Ltd 141 0.01

9 Hyundai Mipo Dockyard Co Ltd 476 0.03

80 Hyundai Mobis Co Ltd 16,982 1.09

192 Hyundai Motor Co 21,864 1.40

117 Hyundai Steel Co 4,953 0.31

20 Hyundai Wia Corp 1,198 0.08




Shares (000's)

Value (000's)

USD




30 Iljin Electric Co Ltd 122 0.01

2 Ilshin Spinning Co Ltd 232 0.01

1 Ilsung Pharmaceuticals Co Ltd 133 0.01

274 Industrial Bank of Korea 3,058 0.19

5 Intergis Co Ltd 19 –

34 Interpark Holdings Corp 138 0.01

20 INTOPS Co Ltd 186 0.01

10 Inzi Controls Co Ltd 43 –

8 ISU Chemical Co Ltd 95 0.01

34 IsuPetasys Co Ltd 120 0.01

12 Jahwa Electronics Co Ltd 143 0.01

136 JB Financial Group Co Ltd 665 0.04

4 Kangnam Jevisco Co Ltd 122 0.01

8 KB Capital Co Ltd 196 0.01

65 KB Financial Group Inc 2,346 0.15

238 KB Financial Group Inc, ADR 8,533 0.54


2 KC Green Holdings Co Ltd 13 –

5 KCC Corp 1,435 0.09

49 KEC Corp 39 –

9 KG Chemical Corp 115 0.01

34 KG Eco Technology Service Co Ltd 114 0.01

18 KH Vatec Co Ltd 195 0.01

354 Kia Motors Corp 11,302 0.72

3 KISCO Corp 104 0.01

2 KISCO Holdings Co Ltd 104 0.01

11 Kishin Corp 44 –

10 KISWIRE Ltd 345 0.02

9 KleanNara Co Ltd 42 –

10 KMH Co Ltd 69 –

4 Kolon Corp 163 0.01

1 Kolon Global Corp 12 –


3 Korea Alcohol Industrial Co Ltd 24 –

11 Korea Circuit Co Ltd 81 0.01

2 Korea Electric Terminal Co Ltd 129 0.01

5 Korea Flange Co Ltd 62 –

36 Korea Investment Holdings Co Ltd 1,243 0.08

14 Korea Line Corp 205 0.01


65 Korean Reinsurance Co 635 0.04

10 Kortek Corp 127 0.01

2 KPX Chemical Co Ltd 125 0.01

11 KSS LINE Ltd 70 –

39 KTB Investment & Securities Co Ltd 98 0.01

12 KTCS Corp 25 –

4 Kukdo Chemical Co Ltd 170 0.01

2 Kumkang Kind Co Ltd 62 –

29 Kwangju Bank 260 0.02

3 Kyeryong Construction Industrial Co Ltd 38 –

18 Kyobo Securities Co Ltd 138 0.01

10 Kyung-In Synthetic Corp 37 –

7 Kyungbang Ltd 113 0.01

3 Kyungchang Industrial Co Ltd 14 –

17 Leadcorp Inc 104 0.01

22 LF Corp 411 0.03

100 LG Corp 4,837 0.31

128 LG Display Co Ltd 3,060 0.19

339 LG Display Co Ltd, ADR 4,026 0.26

181 LG Electronics Inc 6,945 0.44

7 LG Hausys Ltd 512 0.03



Shares (000's)

Value (000's)

USD




1 Lotte Chilsung Beverage Co Ltd 777 0.05

6 Lotte Confectionery Co Ltd 897 0.06

14 LOTTE Fine Chemical Co Ltd 343 0.02

– Lotte Food Co Ltd 76 –

11 LOTTE Himart Co Ltd 421 0.03

64 Lotte Non-Life Insurance Co Ltd 137 0.01

11 Lotte Shopping Co Ltd 1,963 0.12

22 LS Corp 1,128 0.07

41 Lumens Co Ltd 134 0.01

2 MegaStudy Co Ltd 50 –

1 MegaStudyEdu Co Ltd 42 –

1 Mi Chang Oil Industrial Co Ltd 46 –


6 Mirae Asset Life Insurance Co Ltd 26 –


17 MK Electron Co Ltd 129 0.01

13 MNTech Co Ltd 68 –

28 Moorim P&P Co Ltd 98 0.01

34 Moorim Paper Co Ltd 76 –

4 Motonic Corp 33 –

1 Namyang Dairy Products Co Ltd 314 0.02

13 Neowiz Games Corp 124 0.01

7 Neowiz Holdings Corp 91 0.01

28 Nexen Corp 194 0.01


2 NHN Entertainment Corp 65 –

2 Nong Shim Holdings Co Ltd 179 0.01

2 NongShim Co Ltd 540 0.03

7 NOROO Paint & Coatings Co Ltd 55 –

25 OCI Co Ltd 1,570 0.10

6 Opto Device Technology Co Ltd 41 –

13 Paik Kwang Industrial Co Ltd 20 –

177 Pan Ocean Co Ltd 595 0.04

– Pang Rim Co Ltd 9 –

12 POSCO 2,578 0.16

235 POSCO, ADR 12,556 0.80

2 POSCO Coated & Color Steel Co Ltd 43 –


25 Power Logics Co Ltd 75 –

15 Pyeong Hwa Automotive Co Ltd 161 0.01

9 RFTech Co Ltd 55 –

3 S&C Engine Group Ltd 4 –

32 S&T Dynamics Co Ltd 245 0.02

12 S&T Holdings Co Ltd 161 0.01

7 S&T Motiv Co Ltd 263 0.02

2 Sajo Industries Co Ltd 88 0.01

17 Sam Young Electronics Co Ltd 161 0.01

3 Sambo Motors Co Ltd 15 –

9 SAMHWA Paints Industrial Co Ltd 70 –

12 Samjin LND Co Ltd 27 –

12 Samkee Automotive Co Ltd 34 –

8 Sammok S-Form Co Ltd 94 0.01

33 Samsung Card Co Ltd 1,188 0.08

70 Samsung Electro-Mechanics Co Ltd 2,765 0.18


215 Samsung Heavy Industries Co Ltd 1,525 0.10

42 Samsung Life Insurance Co Ltd 4,131 0.26

43 Samsung SDI Co Ltd 3,382 0.21


3 Samyang Corp 251 0.02

4 Samyang Holdings Corp 393 0.02

2 Samyang Tongsang Co Ltd 91 0.01

13 Savezone I&C Corp 59 –




Shares (000's)

Value (000's)

USD




58 SBS Media Holdings Co Ltd 129 0.01

18 Seah Besteel Corp 388 0.02

1 SeAH Holdings Corp 127 0.01

4 SeAH Steel Corp 267 0.02

16 Sebang Co Ltd 215 0.01

8 Sebang Global Battery Co Ltd 258 0.02

12 Sejong Industrial Co Ltd 95 0.01

6 Sekonix Co Ltd 73 –

65 Seohee Construction Co Ltd 75 –

15 Seoyon Co Ltd 128 0.01

3 Sewon Precision Industry Co Ltd 48 –

23 SG&G Corp 72 –

208 Shinhan Financial Group Co Ltd 7,822 0.50

176 Shinhan Financial Group Co Ltd, ADR 6,687 0.42

9 Shinsegae Inc 1,321 0.08

1 Shinsegae Information & Communication Co Ltd 73 –

58 Shinsung Tongsang Co Ltd 58 –

25 Shinwon Corp 31 –

3 Shinyoung Securities Co Ltd 124 0.01

38 Signetics Corp 47 –

6 Silla Co Ltd 73 –

11 SIMPAC Inc 40 –

6 Sindoh Co Ltd 277 0.02

21 SK Chemicals Co Ltd 1,091 0.07

6 SK Gas Ltd 593 0.04


80 SK Innovation Co Ltd 10,430 0.68

113 SK Networks Co Ltd 658 0.04

22 SKC Co Ltd 563 0.04

16 SL Corp 259 0.02

22 Ssangyong Cement Industrial Co Ltd 321 0.02

4 Sun Kwang Co Ltd 57 –

6 Sunchang Corp 54 –

18 Sung Kwang Bend Co Ltd 134 0.01

33 Sungchang Enterprise Holdings Ltd 88 0.01

14 Sungshin Cement Co Ltd 87 0.01

44 Sungwoo Hitech Co Ltd 287 0.02

21 Tae Kyung Industrial Co Ltd 83 0.01

1 Taekwang Industrial Co Ltd 456 0.03

8 Taewoong Co Ltd 156 0.01

61 Taeyoung Engineering & Construction Co Ltd 263 0.02

23 Tailim Packaging Co Ltd 59 –

12 TBH Global Co Ltd 81 0.01

52 TK Chemical Corp 79 0.01

17 TK Corp 117 0.01

54 Tong Yang Moolsan Co Ltd 102 0.01

10 Tongyang Cement & Energy Corp 31 –

44 Tongyang Life Insurance Co Ltd 486 0.03

11 Top Engineering Co Ltd 62 –

14 Tovis Co Ltd 102 0.01

7 TS Corp 144 0.01

7 Ubiquoss Inc 59 –

7 Uju Electronics Co Ltd 85 0.01

7 Unid Co Ltd 294 0.02

4 Visang Education Inc 39 –

10 WillBes & Co 21 –

54 Woongjin Co Ltd 113 0.01

326 Woori Bank 3,343 0.21

16 WooSung Feed Co Ltd 44 –

8 Y G-1 Co Ltd 63 –

3 YESCO Co Ltd 96 0.01

18 Yoosung Enterprise Co Ltd 61 –

10 YooSung T&S Co Ltd 50 –

Shares (000's)

Value (000's)

USD




2 Youlchon Chemical Co Ltd 20 –

– Young Poong Corp 391 0.02

13 Young Poong Precision Corp 93 0.01

1 Youngone Holdings Co Ltd 64 –

36 Yuanta Securities Korea Co Ltd 99 0.01

5 Zeus Co Ltd 52 –

236,420 14.99

Malaysia - 3.14%

11 Adventa Bhd 2 –

845 Affin Holdings Bhd 426 0.03

1,603 AirAsia Bhd 990 0.06

339 Alam Maritim Resources Bhd 15 –

1,393 Alliance Financial Group Bhd 1,201 0.09

2,482 AMMB Holdings Bhd 2,321 0.16

147 Ann Joo Resources Bhd 66 –

138 APM Automotive Holdings Bhd 105 0.01

208 Batu Kawan Bhd 852 0.05

358 Benalec Holdings Bhd 30 –

283 Berjaya Assets Bhd 59 –

2,282 Berjaya Corp Bhd 168 0.01

544 Berjaya Land Bhd 77 –

164 Bina Darulaman Bhd 23 –

1,118 Boustead Holdings Bhd 548 0.03

148 Boustead Plantations Bhd 52 –

3,366 Bumi Armada Bhd 385 0.02

8 Cahya Mata Sarawak Bhd 6 –

102 Can-One Bhd 78 –

20 Chin Teck Plantations Bhd 34 –

291 CIMB Group Holdings Bhd 297 0.02

389 Coastal Contracts Bhd 112 0.01

219 CSC Steel Holdings Bhd 96 0.01

54 Daiman Development Bhd 27 –

686 Daya Materials Bhd 8 –

421 Dayang Enterprise Holdings Bhd 73 –

1,334 DRB-Hicom Bhd 288 0.02

427 Eastern & Oriental Bhd 143 0.01

51 Ekovest BHD 26 –

562 Evergreen Fibreboard Bhd 122 0.01

1,951 Felda Global Ventures Holdings Bhd 674 0.04

295 Fountain View Development Bhd – –

432 Gadang Holdings Bhd 91 0.01

2,960 Genting Bhd 5,270 0.34

3,210 Genting Malaysia Bhd 3,354 0.22

123 Global Oriental Bhd 8 –

626 Glomac Bhd 101 0.01

74 Goldis Bhd 42 –

111 GuocoLand Malaysia Bhd 29 –

456 HAP Seng Consolidated Bhd 809 0.05

390 Hap Seng Plantations Holdings Bhd 211 0.01

200 Hiap Teck Venture Bhd 13 –

390 Hong Leong Financial Group Bhd 1,311 0.08

77 Hong Leong Industries Bhd 172 0.01

3,735 IJM Corp Bhd 2,697 0.18

325 Insas Bhd 50 –


1,824 Iris Corp Bhd 53 –

76 Iskandar Waterfront City Bhd 14 –

453 JAKS Resources Bhd 102 0.01

527 Jaya Tiasa Holdings Bhd 157 0.01

984 JCY International Bhd 116 0.01

318 Keck Seng Malaysia Bhd 338 0.02

441 Kian JOO CAN Factory Bhd 280 0.02

188 Kimlun Corp Bhd 87 0.01




Shares (000's)

Value (000's)

USD



Malaysia - 3.14% (continued)

2,072 KNM Group Bhd 144 0.01

660 KSL Holdings Bhd 158 0.01

191 Kumpulan Fima Bhd 75 –

272 Kumpulan Perangsang Selangor Bhd 67 –

19 Kwantas Corp Bhd 7 –

1,058 Land & General Bhd 69 –

394 LBS Bina Group Bhd 145 0.01

805 Magnum Bhd 401 0.03

1,326 Mah Sing Group Bhd 398 0.03

1,090 Malayan Banking Bhd 1,894 0.12

350 Malayan Flour Mills Bhd 105 0.01

812 Malaysia Airports Holdings Bhd 1,153 0.07

1,595 Malaysia Building Society Bhd 321 0.02 168

Malaysia Marine and Heavy Engineering Holdings Bhd 33 –

939 Malaysian Resources Corp Bhd 274 0.02

208 MBM Resources Bhd 107 0.01

1,271 Media Prima Bhd 310 0.02

183 Mega First Corp Bhd 94 0.01

1,601 MISC Bhd 2,630 0.18

315 MKH Bhd 202 0.01

1,313 MMC Corp Bhd 705 0.04

193 MNRB Holdings Bhd 84 0.01

150 Muhibbah Engineering M Bhd 74 –

25 Naim Holdings Bhd 8 –

428 Oriental Holdings BHD 656 0.04

235 OSK Holdings Bhd 81 0.01

7 Panasonic Manufacturing Malaysia Bhd 49 –

392 Pantech Group Holdings Bhd 46 –

754 Parkson Holdings Bhd 111 0.01

139 Pie Industrial Bhd 52 –

188 Pos Malaysia BHD 160 0.01

727 PPB Group Bhd 2,543 0.17

404 Press Metal Bhd 151 0.01

106 Protasco Bhd 28 –

1,352 RHB Bank Bhd 1,482 0.09

710 Rimbunan Sawit Bhd 80 0.01

5,226 SapuraKencana Petroleum Bhd 1,696 0.11

369 Scomi Energy Services Bhd 11 –

1,982 Scomi Group Bhd 43 –

18 Selangor Properties Bhd 18 –

60 SHL Consolidated Bhd 39 –

712 SP Setia Bhd Group 526 0.03

257 Star Media Group Bhd 135 0.01

3,625 Sumatec Resources Bhd 46 –

916 Sunway Bhd 605 0.04

167 Suria Capital Holdings Bhd 73 –

170 Symphony Life Bhd 24 –

53 Ta Ann Holdings Bhd 45 –

1,757 TA Enterprise Bhd 171 0.01

1,441 TA Global Bhd 73 –

470 Tan Chong Motor Holdings Bhd 193 0.01

1,031 TDM Bhd 154 0.01

481 TIME dotCom Bhd 855 0.05

40 Tiong NAM Logistics Holdings 14 –

586 Tropicana Corp Bhd 130 0.01

1,977 UEM Sunrise Bhd 460 0.03

291 UMW Holdings Bhd 334 0.02

906 UMW Oil & Gas Corp Bhd 148 0.01

397 Unisem M Bhd 213 0.01

91 United Malacca Bhd 116 0.01

1 United U-Li Corp Bhd – –

627 UOA Development Bhd 333 0.02

492 Wah Seong Corp Bhd 83 0.01

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Malaysia - 3.14% (continued)

1,367 WCT Holdings Bhd 541 0.03

293 Wing Tai Malaysia Bhd 70 –

430 WTK Holdings Bhd 97 0.01

677 YNH Property Bhd 226 0.01

6,884 YTL Corp Bhd 2,217 0.15

171 YTL Land & Development Bhd 22 –

49,494 3.14

Mexico - 4.78%

3,017 Alfa SAB de CV 3,992 0.25


869 Axtel SAB de CV 173 0.01

37 Bio Pappel SAB de CV 44 –

3,798 Cemex SAB de CV 2,953 0.19

906 Cemex SAB de CV, ADR 7,076 0.46

82 Coca-Cola Femsa SAB de CV 513 0.03

23 Coca-Cola Femsa SAB de CV, ADR 1,464 0.09

237 Consorcio ARA SAB de CV 80 0.01 127

Corp Interamericana de Entretenimiento SAB de CV 96 0.01

120 Credito Real SAB de CV SOFOM ER 171 0.01

151 Genomma Lab Internacional SAB de CV 161 0.01

434 Grupo Aeromexico SAB de CV 768 0.05

5 Grupo Aeroportuario del Centro Norte SAB de CV 194 0.01

33 Grupo Aeroportuario del Pacifico SAB de CV 2,785 0.18

122 Grupo Aeroportuario del Sureste SAB de CV 1,775 0.11

609 Grupo Carso SAB de CV 2,272 0.14

225 Grupo Cementos de Chihuahua SAB de CV 699 0.04

435 Grupo Comercial Chedraui SA de CV 791 0.05

42 Grupo Elektra SAB DE CV 524 0.03

147 Grupo Famsa SAB de CV 50 –

2,662 Grupo Financiero Banorte SAB de CV 12,769 0.82

1,928 Grupo Financiero Inbursa SAB de CV 2,603 0.17

96 Grupo Financiero Interacciones SA de CV 353 0.02

2,356 Grupo Financiero Santander Mexico SAB de CV 3,307 0.21

640 Grupo Gigante SAB de CV 1,112 0.07

217 Grupo Herdez SAB de CV 439 0.03

176 Grupo Industrial Maseca SAB de CV 190 0.01

212 Grupo Industrial Saltillo SAB de CV 365 0.02

124 Grupo KUO SAB De CV 211 0.01

5,347 Grupo Mexico SAB de CV 14,647 0.94

8 Grupo Pochteca SAB de CV 3 –

22 Grupo Rotoplas SAB de CV 29 –

375 Grupo Sanborns SAB de CV 425 0.03

6 Grupo Simec SAB de CV 65 –

65 Grupo Sports World SAB de CV 50 –

180 Industrias Bachoco SAB de CV 706 0.04

4 Industrias Bachoco SAB de CV, ADR 207 0.01

214 Industrias CH SAB de CV 1,198 0.08

56 Industrias Penoles SAB de CV 1,196 0.08

519 La Comer SAB de CV 400 0.03

3 Medica Sur SAB de CV 6 –

12 Megacable Holdings SAB de CV 36 –

1,140 Mexichem SAB de CV 2,709 0.17

251 Minera Frisco SAB de CV 192 0.01

988 OHL Mexico SAB de CV 841 0.05

142 Organizacion Cultiba SAB de CV 133 0.01

1,682 Organizacion Soriana SAB de CV 3,705 0.23

1 Rassini SAB de CV 3 –

1,154 TV Azteca SAB de CV 174 0.01

1 Urbi Desarrollos Urbanos SAB de CV 1 –

14 Vitro SAB de CV 38 –

75,446 4.78




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Philippines - 1.35%

3,424 Alliance Global Group Inc 896 0.06

7 Asia United Bank Corp 7 –

702 Atlas Consolidated Mining & Development Corp 75 –

6 Ayala Corp 92 0.01

1,401 BDO Unibank Inc 3,150 0.21

339 Bloomberry Resorts Corp 44 –

270 Cebu Air Inc 551 0.03

5,159 Century Properties Group Inc 55 –

462 China Banking Corp 351 0.02

3,460 Cosco Capital Inc 591 0.04

408 East West Banking Corp 156 0.01

272 EEI Corp 35 –

66 Emperador Inc 9 –

1,164 Empire East Land Holdings Inc 17 –

860 Energy Development Corp 88 0.01

18,095 Filinvest Land Inc 631 0.04

469 First Philippine Holdings Corp 628 0.04

337 Integrated Micro-Electronics Inc 40 –

1,896 JG Summit Holdings Inc 2,611 0.16

3,498 Lopez Holdings Corp 547 0.03

2,217 LT Group Inc 584 0.04

377 Megawide Construction Corp 115 0.02

12,239 Megaworld Corp 905 0.06

410 Metropolitan Bank & Trust Co 618 0.04

255 Nickel Asia Corp 42 –

703 Pepsi-Cola Products Philippines Inc 45 –

3,611 Petron Corp 683 0.04

410 Philippine National Bank 456 0.03

13 Philtown Properties Inc – –

1,886 Phinma Energy Corp 79 0.01

73 Phoenix Petroleum Philippines Inc 8 –

571 RFM Corp 51 –

567 Rizal Commercial Banking Corp 406 0.03

3,362 Robinsons Land Corp 1,742 0.11

104 Robinsons Retail Holdings Inc 151 0.01

900 San Miguel Corp 1,517 0.10

15 San Miguel Pure Foods Co Inc 67 –

309 Security Bank Corp 1,124 0.07

286 SSI Group Inc 15 –

96 Top Frontier Investment Holdings Inc 463 0.03

921 Travellers International Hotel Group Inc 58 –

634 Union Bank of the Philippines 951 0.06

6,969 Vista Land & Lifescapes Inc 701 0.04

21355 1.35

Poland - 1.39%

48 Agora SA 128 0.01

133 Asseco Poland SA 1,666 0.11

441 Bank Millennium SA 555 0.04

38 Ciech SA 507 0.03

2 ComArch SA 84 0.01

4 Emperia Holding SA 61 –

284 Enea SA 628 0.04

6 Firma Oponiarska Debica SA 136 0.01

492 Getin Holding SA 105 0.01

90 Getin Noble Bank SA 25 –

4 Gobarto SA 7 –

26 Grupa Azoty SA 384 0.02

8 Grupa Kety SA 681 0.04


182 Impexmetal SA 136 0.01

42 Kernel Holding SA 654 0.04

165 KGHM Polska Miedz SA 3,428 0.22

2 Lubelski Wegiel Bogdanka SA 29 –

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Poland - 1.39% (continued)

446 Netia SA 499 0.03

40 Orbis SA 651 0.04

10 Pelion SA 126 0.01

1,258 PGE Polska Grupa Energetyczna SA 2,772 0.18

24 PKP Cargo SA 275 0.02

217 Polski Koncern Naftowy Orlen SA 3,940 0.24

395 Powszechna Kasa Oszczednosci Bank Polski SA 2,396 0.15

– Stalprodukt SA 56 –

1,530 Tauron Polska Energia SA 965 0.06

33 Trakcja SA 106 0.01

40 Vistula Group SA 32 –

21,985 1.39

Russia - 2.39%

4,486 Gazprom PJSC 20,718 1.31

269 Lukoil PJSC 13,187 0.84

138 Magnitogorsk Iron & Steel OJSC 961 0.06

37 Mechel PJSC 219 0.01

1,867 RusHydro PJSC 2,620 0.17

37,705 2.39


153 Adcorp Holdings Ltd 150 0.01

143 Aeci Ltd 1,008 0.06

763 African Bank Investments Ltd – –

39 African Oxygen Ltd 55 –

72 African Rainbow Minerals Ltd 545 0.03

153 Alexander Forbes Group Holdings Ltd 70 –

10 Allied Electronics Corp Ltd 5 –

14 Anglo American Platinum Ltd 281 0.02

91 AngloGold Ashanti Ltd 991 0.06

5 Astral Foods Ltd 42 –

341 Aveng Ltd 179 0.01

575 Barclays Africa Group Ltd 6,413 0.41

413 Barloworld Ltd 3,122 0.20

454 Blue Label Telecoms Ltd 614 0.04

739 Brait SE 4,463 0.27

165 Caxton and CTP Publishers and Printers Ltd 152 0.01

254 Clover Industries Ltd 351 0.02

118 Consolidated Infrastructure Group Ltd 191 0.01

424 DataTec Ltd 1,350 0.09

474 DRDGOLD Ltd 199 0.01

76 enX Group Ltd 100 0.02

583 eXtract Group Ltd 15 –

147 Exxaro Resources Ltd 1,005 0.06

678 Gold Fields Ltd 2,103 0.13

735 Gold Fields Ltd, ADR 2,256 0.14

217 Grindrod Ltd 214 0.01

186 Group Five Ltd 323 0.02

144 Harmony Gold Mining Co Ltd 325 0.02

29 Hudaco Industries Ltd 223 0.01

203 Hulamin Ltd 72 –

468 Impala Platinum Holdings Ltd 1,465 0.09

230 Imperial Holdings Ltd 2,765 0.18

290 Investec Ltd 1,845 0.12

291 KAP Industrial Holdings Ltd 157 0.01

65 Kumba Iron Ore Ltd 769 0.05

194 Lewis Group Ltd 519 0.03

171 Liberty Holdings Ltd 1,343 0.09

2,712 Merafe Resources Ltd 254 0.02

200 Metair Investments Ltd 299 0.02

1,533 MMI Holdings Ltd 2,387 0.15

251 Mpact Ltd 566 0.04

1,562 MTN Group Ltd 12,519 0.80

674 Murray & Roberts Holdings Ltd 539 0.03




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USD



South Africa - 7.60% (continued)

322 Nampak Ltd 360 0.02

264 Nedbank Group Ltd 4,300 0.27

27 Northam Platinum Ltd 78 –

89 Omnia Holdings Ltd 1,024 0.06

147 Pinnacle Holdings Ltd 177 0.01

207 PPC Ltd 81 0.01

252 Raubex Group Ltd 411 0.03

20 RCL Foods Ltd 17 –

109 Reunert Ltd 509 0.03

42 Royal Bafokeng Platinum Ltd 107 0.01

620 Sappi Ltd 3,663 0.23

24 Sappi Ltd, ADR 140 0.01

551 Sasol Ltd 14,793 0.95

179 Sasol Ltd, ADR 4,776 0.30

372 Sibanye Gold Ltd 769 0.05

1,886 Standard Bank Group Ltd 20,158 1.29

157 Stefanutti Stocks Holdings Ltd 53 –

2,235 Steinhoff International Holdings NV 10,307 0.66

289 Super Group Ltd 830 0.05

435 Telkom SA SOC Ltd 2,143 0.14

165 Tongaat Hulett Ltd 1,518 0.10

218 Trencor Ltd 487 0.03

85 Wilson Bayly Holmes-Ovcon Ltd 868 0.06

119,813 7.60

Taiwan - 15.85%

372 Ability Enterprise Co Ltd 191 0.01

3,315 Acer Inc 1,399 0.09

53 ACES Electronic Co Ltd 39 –

329 Achem Technology Corp 113 0.01

31 Advanced Connectek Inc 8 –

33 Advanced International Multitech Co Ltd 22 –

55 Advanced Optoelectronic Technology Inc 38 –

258 AGV Products Corp 59 –

75 Alcor Micro Corp 43 –

395 Alpha Networks Inc 245 0.02

396 Altek Corp 268 0.02

281 Ambassador Hotel 207 0.01

77 AMPOC Far-East Co Ltd 63 –

38 AmTRAN Technology Co Ltd 26 –

248 APCB Inc 194 0.01

18 Apex International Co Ltd 18 –

65 Arcadyan Technology Corp 121 0.01

695 Ardentec Corp 517 0.03

2,257 Asia Cement Corp 1,981 0.13

346 Asia Optical Co Inc 330 0.02

716 Asia Pacific Telecom Co Ltd 223 0.01

143 Asia Plastic Recycling Holding Ltd 77 –

552 Asia Polymer Corp 321 0.02

488 Asia Vital Components Co Ltd 369 0.02

402 Asustek Computer Inc 3,320 0.21

4,735 AU Optronics Corp 1,704 0.11

1,164 AU Optronics Corp, ADR 4,178 0.26

130 Audix Corp 146 0.01

20 AVY Precision Technology Inc 29 –

483 Bank of Kaohsiung Co Ltd 137 0.01

127 BenQ Materials Corp 54 –

1,794 BES Engineering Corp 365 0.02

184 Bright Led Electronics Corp 64 –

171 C Sun Manufacturing Ltd 85 0.01

2,643 Capital Securities Corp 741 0.05

264 Career Technology MFG. Co Ltd 149 0.01

138 Casetek Holdings Ltd 376 0.02

53 Cathay Chemical Works 24 –

Shares (000's)

Value (000's)

USD




4,246 Cathay Financial Holding Co Ltd 6,221 0.40

707 Cathay Real Estate Development Co Ltd 412 0.03

114 Celxpert Energy Corp 62 –

60 Central Reinsurance Co Ltd 28 –

494 Champion Building Materials Co Ltd 109 0.01

8,218 Chang Hwa Commercial Bank Ltd 4,393 0.28

11 Chang Wah Electromaterials Inc 45 –

309 Charoen Pokphand Enterprise 448 0.03

15 CHC Healthcare Group 19 –

1,420 Cheng Loong Corp 541 0.03

717 Cheng Uei Precision Industry Co Ltd 809 0.05

80 Chenming Mold Industry Corp 43 –

185 Chia Chang Co Ltd 145 0.01

604 Chia Hsin Cement Corp 168 0.01

311 Chien Kuo Construction Co Ltd 85 0.01

272 Chimei Materials Technology Corp 96 0.01

98 Chin-Poon Industrial Co Ltd 190 0.01

4,121 China Airlines Ltd 1,235 0.08

1,726 China Bills Finance Corp 698 0.04

418 China Chemical & Pharmaceutical Co Ltd 235 0.01

13,280 China Development Financial Holding Corp 3,306 0.21

458 China General Plastics Corp 391 0.02

162 China Glaze Co Ltd 62 –

3,599 China Life Insurance Co Ltd 3,831 0.24

365 China Metal Products 382 0.02


97 China Petrochemical Development Corp 29 –

9,847 China Steel Corp 7,695 0.50

123 China Steel Structure Co Ltd 87 0.01

799 China Synthetic Rubber Corp 689 0.04

212 China Wire & Cable Co Ltd 116 0.01

161 Chinese Maritime Transport Ltd 165 0.01



313 Chun YU Works & Co Ltd 131 0.01

728 Chun Yuan Steel 276 0.02

179 Chung Hung Steel Corp 59 –

514 Chung Hwa Pulp Corp 143 0.01 547

Chung-Hsin Electric & Machinery Manufacturing Corp 303 0.02

3,534 Chunghwa Picture Tubes Ltd 152 0.01

268 Clevo Co 234 0.01

3,405 CMC Magnetics Corp 375 0.02

13 Coland Holdings Ltd 20 –

210 Collins Co Ltd 68 –

7,379 Compal Electronics Inc 4,198 0.27

1,484 Compeq Manufacturing Co Ltd 711 0.05

718 Continental Holdings Corp 251 0.02

641 Coretronic Corp 682 0.04

170 Coxon Precise Industrial Co Ltd 165 0.01

22 Creative Sensor Inc 15 –

746 CSBC Corp Taiwan 313 0.02

12,515 CTBC Financial Holding Co Ltd 6,855 0.44

24 CviLux Corp 20 –

10 Cyberlink Corp 21 –

41 CyberTAN Technology Inc 23 –

1,000 D-Link Corp 323 0.02

193 DA CIN Construction Co Ltd 127 0.01

108 Danen Technology Corp 23 –

419 Darfon Electronics Corp 269 0.02

237 Darwin Precisions Corp 91 0.01

15 Depo Auto Parts Ind Co Ltd 40 –

21 Dimerco Express Corp 14 –

513 Dynamic Electronics Co Ltd 136 0.01




Shares (000's)

Value (000's)

USD




118 Dynapack International Technology Corp 140 0.01

545 E Ink Holdings Inc 389 0.02

10,580 E.Sun Financial Holding Co Ltd 6,136 0.40

303 Edimax Technology Co Ltd 95 0.01

149 Edison Opto Corp 61 –

536 Elitegroup Computer Systems Co Ltd 219 0.01

117 ENG Electric Co Ltd 66 –

944 EnTie Commercial Bank Co Ltd 373 0.02



2,567 Eva Airways Corp 1,257 0.08

889 Evergreen International Storage & Transport Corp 372 0.02

1,935 Evergreen Marine Corp Taiwan Ltd 731 0.05

75 Everlight Chemical Industrial Corp 46 –

243 Everlight Electronics Co Ltd 354 0.02

129 Excelsior Medical Co Ltd 181 0.01

1,201 Far Eastern Department Stores Ltd 610 0.04

2,778 Far Eastern International Bank 789 0.05

2,577 Far Eastern New Century Corp 1,903 0.12

117 Farglory F T Z Investment Holding Co Ltd 54 –

376 Farglory Land Development Co Ltd 438 0.03

739 Federal Corp 296 0.02

229 First Copper Technology Co Ltd 56 –

13,143 First Financial Holding Co Ltd 6,919 0.44

266 First Hotel 135 0.01

279 First Insurance Co Ltd 121 0.01

597 First Steamship Co Ltd 148 0.01

218 Formosa Advanced Technologies Co Ltd 159 0.01

59 Formosa Oilseed Processing Co Ltd 82 0.01

1,120 Formosa Taffeta Co Ltd 1,048 0.07

617 Formosan Rubber Group Inc 293 0.02

483 Formosan Union Chemical 256 0.02

330 Founding Construction & Development Co Ltd 166 0.01

1,086 Foxconn Technology Co Ltd 2,840 0.18

181 Foxlink Image Technology Co Ltd 93 0.01

309 Froch Enterprise Co Ltd 105 0.01

7,784 Fubon Financial Holding Co Ltd 12,033 0.77

341 Fulltech Fiber Glass Corp 131 0.01

149 Fwusow Industry Co Ltd 72 –

270 G Shank Enterprise Co Ltd 212 0.01

48 Gallant Precision Machining Co Ltd 29 –

528 Gemtek Technology Corp 341 0.02

321 Genesis Photonics Inc 27 –

69 Genius Electronic Optical Co Ltd 200 0.01

276 Getac Technology Corp 350 0.02

182 Giantplus Technology Co Ltd 88 0.01

663 Gigabyte Technology Co Ltd 876 0.06

324 Gigastorage Corp 219 0.01

507 Gintech Energy Corp 277 0.02

462 Global Brands Manufacture Ltd 172 0.01

117 Globe Union Industrial Corp 53 –

756 Gloria Material Technology Corp 421 0.03

499 Gold Circuit Electronics Ltd 177 0.01

1,897 Goldsun Building Materials Co Ltd 408 0.03

40 Grand Ocean Retail Group Ltd 28 –

1,180 Grand Pacific Petrochemical 784 0.05

44 Great China Metal Industry 31 –

280 Great Wall Enterprise Co Ltd 260 0.02

225 Green Energy Technology Inc 108 0.01

123 GTM Holdings Corp 62 –

478 Hannstar Board Corp 293 0.02

3,344 HannStar Display Corp 944 0.06

398 HannsTouch Solution Inc 114 0.01

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Value (000's)

USD




29 Harvatek Corp 9 –

343 Hey Song Corp 349 0.02

24 Hiroca Holdings Ltd 71 –

20 Hitron Technology Inc 13 –

450 Ho Tung Chemical Corp 112 0.01

396 Hocheng Corp 112 0.01

338 Holy Stone Enterprise Co Ltd 337 0.02

5,236 Hon Hai Precision Industry Co Ltd 13,449 0.86

91 Hong TAI Electric Industrial 26 –

116 Hsin Kuang Steel Co Ltd 81 0.01

241 Hsing TA Cement Co 75 –

586 HTC Corp 1,545 0.10

399 HUA ENG Wire & Cable Co Ltd 104 0.01

9,124 Hua Nan Financial Holdings Co Ltd 4,631 0.29

72 Huang Hsiang Construction Corp 94 0.01

219 Hung Ching Development & Construction Co Ltd 133 0.01

366 Hung Poo Real Estate Development Corp 311 0.02

57 Hung Sheng Construction Ltd 32 –

268 I-Chiun Precision Industry Co Ltd 68 –

319 Ichia Technologies Inc 139 0.01

85 Infortrend Technology Inc 40 –

12,397 Innolux Corp 4,265 0.27

3,236 Inotera Memories Inc 3,046 0.19

17 Inpaq Technology Co Ltd 11 –

79 ITEQ Corp 82 0.01

32 Jentech Precision Industrial Co Ltd 48 –

1,908 Jih Sun Financial Holdings Co Ltd 401 0.03

51 Jinli Group Holdings Ltd 62 –

172 K Laser Technology Inc 92 0.01

125 Kang Na Hsiung Enterprise Co Ltd 43 –

183 Kaulin Manufacturing Co Ltd 91 0.01

124 Kenmec Mechanical Engineering Co Ltd 41 –

267 Kindom Construction Corp 168 0.01



36 King's Town Construction Co Ltd 24 –

39 Kingcan Holdings Ltd 39 –

108 Kinko Optical Co Ltd 70 –

1,954 Kinpo Electronics 697 0.04


25 KS Terminals Inc 26 –

469 Kung Sing Engineering Corp 146 0.01

147 Kuo Toong International Co Ltd 80 0.01

334 Kuoyang Construction Co Ltd 133 0.01

38 Kwong Fong Industries Corp 30 –

248 KYE Systems Corp 69 –

243 L&K Engineering Co Ltd 194 0.01

282 LAN FA Textile 73 –

66 Lanner Electronics Inc 90 0.01

135 Leader Electronics Inc 41 –

1,103 Lealea Enterprise Co Ltd 279 0.02

150 Ledtech Electronics Corp 66 –

294 LEE CHI Enterprises Co Ltd 94 0.01

104 Lelon Electronics Corp 119 0.01

479 Leofoo Development Co Ltd 123 0.01

217 LES Enphants Co Ltd 80 0.01

486 Lextar Electronics Corp 192 0.01

962 Li Peng Enterprise Co Ltd 231 0.01

730 Lien Hwa Industrial Corp 503 0.03

559 Lingsen Precision Industries Ltd 210 0.01

328 Lite-On Semiconductor Corp 216 0.01

2,442 Lite-On Technology Corp 3,850 0.24

871 Long Chen Paper Co Ltd 442 0.03




Shares (000's)

Value (000's)

USD




32 Longwell Co 29 –

70 Lotes Co Ltd 198 0.01

374 Lucky Cement Corp 109 0.01

18 Lumax International Corp Ltd 30 –

45 LuxNet Corp 46 –

5,847 Macronix International 739 0.05

181 Marketech International Corp 151 0.01

1,758 Masterlink Securities Corp 461 0.03

229 Mayer Steel Pipe Corp 106 0.01

11,461 Mega Financial Holding Co Ltd 8,167 0.53

735 Mercuries Life Insurance Co Ltd 396 0.03

297 Micro-Star International Co Ltd 790 0.05

141 MIN AIK Technology Co Ltd 134 0.01

85 Mirle Automation Corp 100 0.01

395 Mitac Holdings Corp 402 0.03

264 Motech Industries Inc 223 0.01

290 Nan Ren Lake Leisure Amusement Co Ltd 72 –


945 Neo Solar Power Corp 439 0.03

141 New Asia Construction & Development Corp 32 –

32 New Era Electronics Co Ltd 22 –

432 Nien Hsing Textile Co Ltd 330 0.02

36 Nishoku Technology Inc 77 –

869 OptoTech Corp 381 0.02

217 Orient Semiconductor Electronics Ltd 78 –

268 Pacific Construction Co 103 0.01

574 Pan Jit International Inc 267 0.02

259 Pan-International Industrial Corp 192 0.01

1,844 Pegatron Corp 4,384 0.28

69 Portwell Inc 84 0.01

1,310 President Securities Corp 464 0.03

1,028 Prince Housing & Development Corp 348 0.02

49 Promise Technology Inc 21 –

2,682 Qisda Corp 1,292 0.08

21 Qualipoly Chemical Corp 22 –

310 Quanta Storage Inc 271 0.02

453 Quintain Steel Co Ltd 121 0.01

300 Radiant Opto-Electronics Corp 545 0.03

439 Radium Life Tech Co Ltd 135 0.01

84 Ralec Electronic Corp 123 0.01

961 Rich Development Co Ltd 249 0.02

1,570 Ritek Corp 252 0.02

32 Rotam Global Agrosciences Ltd 32 –

730 Sampo Corp 413 0.03

94 Sanyang Motor Co Ltd 62 –

22 SDI Corp 29 –

121 Sesoda Corp 102 0.01

53 Shan-Loong Transportation Co Ltd 45 –

167 Sheng Yu Steel Co Ltd 194 0.01

145 ShenMao Technology Inc 131 0.01

50 Shih Her Technologies Inc 45 –

398 Shih Wei Navigation Co Ltd 120 0.01

527 Shihlin Electric & Engineering Corp 662 0.04

12,478 Shin Kong Financial Holding Co Ltd 3,214 0.20

76 Shining Building Business Co Ltd 27 –

312 Shinkong Insurance Co Ltd 261 0.02

2,225 Shinkong Synthetic Fibers Corp 633 0.04

544 Sigurd Microelectronics Corp 400 0.03


537 Sincere Navigation Corp 340 0.02

913 Sino-American Silicon Products Inc 828 0.05

602 Sinon Corp 289 0.02

12,825 SinoPac Financial Holdings Co Ltd 3,659 0.23

Shares (000's)

Value (000's)

USD




15 Sirtec International Co Ltd 19 –

213 Siward Crystal Technology Co Ltd 122 0.01

386 Solar Applied Materials Technology Co 79 0.01

314 Solartech Energy Corp 137 0.01

298 Southeast Cement Co Ltd 141 0.01

97 Spirox Corp 54 –

76 Stark Technology Inc 65 –

984 Sunplus Technology Co Ltd 347 0.02

226 Sunrex Technology Corp 121 0.01

47 Sunspring Metal Corp 60 –

423 Supreme Electronics Co Ltd 338 0.02

307 Sweeten Real Estate Development Co Ltd 142 0.01


118 Systex Corp 205 0.01

123 T-Mac Techvest PCB Co Ltd 49 –

1,258 TA Chen Stainless Pipe 724 0.05

63 Ta Ya Electric Wire & Cable 11 –

179 TA-I Technology Co Ltd 106 0.01

141 Tah Hsin Industrial Corp 111 0.01

3,203 Taichung Commercial Bank Co Ltd 924 0.06

87 Taiflex Scientific Co Ltd 89 0.01

65 Tainan Enterprises Co Ltd 62 –

1,527 Tainan Spinning Co Ltd 588 0.04

223 Tainergy Tech Co Ltd 87 0.01

12,739 Taishin Financial Holding Co Ltd 4,671 0.30

5,322 Taiwan Business Bank 1,346 0.09

4,434 Taiwan Cement Corp 5,112 0.32

148 Taiwan Cogeneration Corp 104 0.01

9,472 Taiwan Cooperative Financial Holding Co Ltd 4,173 0.26


227 Taiwan Fire & Marine Insurance Co Ltd 144 0.01

783 Taiwan Glass Industry Corp 331 0.02

55 Taiwan Hon Chuan Enterprise Co Ltd 94 0.01

241 Taiwan Hopax Chemicals Manufacturing Co Ltd 136 0.01

495 Taiwan Kolin Co Ltd – –

702 Taiwan Land Development Corp 223 0.01

262 Taiwan Mask Corp 68 –

270 Taiwan Navigation Co Ltd 111 0.01

309 Taiwan PCB Techvest Co Ltd 300 0.02

582 Taiwan Pulp & Paper Corp 195 0.01

199 Taiwan Sakura Corp 225 0.01

93 Taiwan Styrene Monomer 61 –

306 Taiwan Surface Mounting Technology Corp 248 0.02

233 Taiwan TEA Corp 105 0.01

153 Taiwan Union Technology Corp 152 0.01

177 Taiyen Biotech Co Ltd 166 0.01

1,479 Tatung Co Ltd 456 0.03

2,305 Teco Electric and Machinery Co Ltd 1,930 0.12

148 Ton Yi Industrial Corp 63 –

322 Tong-Tai Machine & Tool Co Ltd 214 0.01

236 Topoint Technology Co Ltd 142 0.01

376 Transasia Airways Corp 40 –


40 Tsann Kuen Enterprise Co Ltd 36 –

1,329 Tung Ho Steel Enterprise Corp 908 0.06

200 TXC Corp 257 0.02

214 Tycoons Group Enterprise 32 –

36 Tyntek Corp 13 –

19 T3EX Global Holdings Corp 12 –


2,498 Unimicron Technology Corp 935 0.06

1,632 Union Bank Of Taiwan 459 0.03

162 Unitech Computer Co Ltd 85 0.01




Shares (000's)

Value (000's)

USD




880 Unitech Printed Circuit Board Corp 264 0.02

22,481 United Microelectronics Corp 7,926 0.51

209 Unity Opto Technology Co Ltd 86 0.01

373 Universal Cement Corp 290 0.02

322 Unizyx Holding Corp 147 0.01

1,228 UPC Technology Corp 475 0.03

1,011 USI Corp 502 0.03

45 Usun Technology Co Ltd 64 –

188 Ve Wong Corp 132 0.01

17 Victory New Materials Ltd Co 30 –

697 Wafer Works Corp 212 0.01

91 Wah Hong Industrial Corp 52 –

278 Wah Lee Industrial Corp 399 0.03

3,645 Walsin Lihwa Corp 1,533 0.10

588 Walsin Technology Corp 661 0.04

438 Walton Advanced Engineering Inc 170 0.01

675 Wan Hai Lines Ltd 351 0.02

3,677 Waterland Financial Holdings Co Ltd 941 0.06

316 Weikeng Industrial Co Ltd 167 0.01

129 Well Shin Technology Co Ltd 201 0.01

4,261 Winbond Electronics Corp 1,319 0.08

1,627 Wintek Corp 18 –

291 Wisdom Marine Lines Co Ltd 283 0.02

4,318 Wistron Corp 3,077 0.20


755 WT Microelectronics Co Ltd 1,064 0.07

413 WUS Printed Circuit Co Ltd 218 0.01

18 XinTec Inc 17 –

345 Yageo Corp 643 0.04

1,578 Yang Ming Marine Transport Corp 285 0.02

475 YC Co Ltd 177 0.01

176 YC INOX Co Ltd 145 0.01

88 Yeong Guan Energy Technology Group Co Ltd 295 0.02

2,136 YFY Inc 643 0.04

243 Yi Jinn Industrial Co Ltd 78 –

1,633 Yieh Phui Enterprise Co Ltd 629 0.04

39 Young Optics Inc 33 –

87 Youngtek Electronics Corp 124 0.01

12,859 Yuanta Financial Holding Co Ltd 4,656 0.30

1,265 Yulon Motor Co Ltd 1,096 0.07

286 Zenitron Corp 152 0.01


606 Zig Sheng Industrial Co Ltd 177 0.02

48 ZongTai Real Estate Development Co Ltd 28 –

250,092 15.85

Thailand - 2.84%

52 AAPICO Hitech PCL 20 –

1,220 Amata Corp PCL 373 0.02

2,140 AP Thailand PCL 420 0.03

406 Asia Aviation PCL 74 –


18 Bangkok Bank PCL 81 0.01

4,246 Bangkok Expressway & Metro PCL 922 0.06

12 Bangkok Insurance PCL 112 0.01

1,929 Banpu PCL 1,011 0.06

3,351 Cal-Comp Electronics Thailand PCL 244 0.02


215 Charoong Thai Wire & Cable PCL 62 –

295 Esso Thailand PCL 109 0.01

382 Hana Microelectronics PCL 332 0.02

75 ICC International PCL 77 –


9,966 IRPC PCL 1,352 0.09

Shares (000's)

Value (000's)

USD



Thailand - 2.84% (continued)

8 Kang Yong Electric PCL 89 0.01

106 Khon Kaen Sugar Industry PCL 12 –

169 Khonburi Sugar PCL 35 –

541 Kiatnakin Bank PCL 838 0.05

5,811 Krung Thai Bank PCL 2,866 0.18

92 Lanna Resources PCL 36 –

4,618 LH Financial Group PCL 224 0.01

518 LPN Development PCL 145 0.01

360 MCOT PCL 132 0.01

100 Polyplex Thailand PCL 37 –

2,502 PTT Exploration & Production PCL 5,786 0.37

1,973 PTT Global Chemical PCL 3,456 0.22

1,765 PTT PCL 17,264 1.08

3,351 Quality Houses PCL 239 0.02

497 Regional Container Lines PCL 78 –

921 Rojana Industrial Park PCL 117 0.01

200 Saha-Union PCL 216 0.01

9,082 Sansiri PCL 415 0.03

1,499 SC Asset Corp PCL 142 0.01

843 Siamgas & Petrochemicals PCL 267 0.02

232 Somboon Advance Technology PCL 84 0.01

1,169 Srithai Superware PCL 58 –

586 STP & I PCL 174 0.01

827 Thai Airways International PCL 570 0.04

1,030 Thai Oil PCL 2,135 0.14

39 Thai Stanley Electric PCL 193 0.01

465 Thaicom PCL 262 0.02

832 Thanachart Capital PCL 1,026 0.07

208 Tisco Financial Group PCL 315 0.02

9,733 TMB Bank PCL 551 0.03

2,886 TPI Polene PCL 188 0.01

459 Univentures PCL 81 0.01

846 Vinythai PCL 332 0.02

44,787 2.84

Turkey - 1.24%

31 Adana Cimento Sanayii TAS, Class A 53 –

– Adana Cimento Sanayii TAS, Class C – –

227 Akenerji Elektrik Uretim AS 53 –

71 Aksa Akrilik Kimya Sanayii AS 185 0.01

132 Alarko Holding AS 159 0.01

637 Albaraka Turk Katilim Bankasi AS 219 0.01

470 Anadolu Anonim Turk Sigorta Sirketi 258 0.02

261 Anadolu Cam Sanayii AS 173 0.01

– Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS – –

– Arcelik AS – –

– Ayen Enerji AS – –

– Aygaz AS – –

6 Bagfas Bandirma Gubre Fabrikalari AS 16 –

– Banvit Bandirma Vitaminli Yem Sanayii ASA – –

53 Baticim Bati Anadolu Cimento Sanayii AS 96 0.01

– BatiSoke Soke Cimento Sanayii TAS – –

– Bolu Cimento Sanayii AS – –

97 Borusan Mannesmann Boru Sanayi ve Ticaret AS 219 0.01

2 Boyner Perakende Ve Tekstil Yatirimlari AS 43 –

– Cemtas Celik Makina Sanayi Ve Ticaret AS – –

– Deva Holding AS – –

– Dogan Gazetecilik AS – –

1,469 Dogan Sirketler Grubu Holding AS 299 0.02

22 Eczacibasi Yatirim Holding Ortakligi AS 55 –

187 EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS 158 0.01

872 Eregli Demir ve Celik Fabrikalari TAS 1,194 0.08

– Gentas Genel Metal Sanayi ve Ticaret AS – –




Shares (000's)

Value (000's)

USD



Turkey - 1.24% (continued)

– Haci Omer Sabanci Holding AS – –

– Hektas Ticaret TAS – –

162 Ihlas Holding AS 13 –

201 Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS 117 0.01

– Is Finansal Kiralama AS – –

91 Is Yatirim Menkul Degerler AS 32 –

– Izmir Demir Celik Sanayi AS – – 1,014

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS 303 0.02

137 Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A 50 –

– Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class B – –

– KOC Holding AS – –

27 Koza Altin Isletmeleri AS 122 0.01

330 Koza Anadolu Metal Madencilik Isletmeleri AS 200 0.01

– Marti Otel Isletmeleri AS – –

– Menderes Tekstil Sanayi ve Ticaret AS – –

30 NET Holding AS 27 – 69

Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS 40 –

19 Pegasus Hava Tasimaciligi AS 71 –

– Petkim Petrokimya Holding AS – –

14 Pinar Entegre Et ve Un Sanayi AS 40 –

105 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS 92 0.01

713 Sekerbank TAS 228 0.01

319 Selcuk Ecza Deposu Ticaret ve Sanayi AS 296 0.02

58 Soda Sanayii AS 77 –

– Tat Gida Sanayi AS – –

46 Tekfen Holding AS 82 0.01

564 Trakya Cam Sanayii AS 460 0.03

187 Turcas Petrol AS 74 –

1,124 Turk Hava Yollari AO 1,571 0.10

– Turker proje Gayrimenkul ve Yatirim Gelistirme AS – –

912 Turkiye Garanti Bankasi AS 1,928 0.12

1,092 Turkiye Halk Bankasi AS 2,785 0.19

2,267 Turkiye Is Bankasi 3,175 0.21

1,248 Turkiye Sinai Kalkinma Bankasi AS 453 0.03

1,643 Turkiye Sise ve Cam Fabrikalari AS 1,582 0.10

1,265 Turkiye Vakiflar Bankasi TAO 1,531 0.10

– Ulker Biskuvi Sanayi AS – –

– Uzel Makina Sanayii AS – –

54 Vestel Elektronik Sanayi ve Ticaret AS 94 0.01

960 Yapi ve Kredi Bankasi AS 869 0.06

19,492 1.24

Total Common Stock – 97.14% (30 November 2015: 98.51%) 1,532,175 97.14

Preferred Stock

Brazil - 2.52%

156 Banco ABC Brasil SA 637 0.04

307 Banco do Estado do Rio Grande do Sul SA 1,021 0.06

267 Banco Pan SA 109 0.01

38 Banco Pine SA 48 –

268 Cia Brasileira de Distribuicao 4,319 0.27

118 Cia Ferro Ligas da Bahia - Ferbasa 256 0.02

66 Eucatex SA Industria e Comercio 52 –

453 Marcopolo SA 353 0.02

2,095 Petroleo Brasileiro SA 9,876 0.63

364 Suzano Papel e Celulose SA 1,382 0.09

94 Unipar Carbocloro SA 188 0.01

15 Usinas Siderurgicas de Minas Gerais SA 19 –

2,861 Vale SA 21,569 1.37

39,829 2.52

Shares (000's)

Value (000's)

USD


Preferred Stock (continued)

Colombia - 0.14%

371 Avianca Holdings SA 323 0.02


115 Grupo de Inversiones Suramericana SA 1,282 0.08

2,163 0.14

India - 0.00%

35 UPL Ltd 7 –

7 –



Turkey - 0.00%

– Is Gayrimenkul Yatirim Ortakligi AS – –

– – Total Real Estate Investment Trust – 0.00% (30 November 2015: 0.03%) – –

Rights

Brazil - 0.00%

18 Marcopolo SA – –

– –

Chile - 0.00%

2 Latam Airlines Group SA – –

– –


780 MMG Ltd 65 –

65 –


17 Heung-A Shipping Co Ltd 2 –

2 –


23 KAP Industrial Holdings Ltd – –

– –

Taiwan - 0.00%

484 Taishin Financial Holding Co Ltd – –

31 Unity Opto Technology Co Ltd – –

– –

Total Rights – 0.00% (30 November 2015: 0.00%) 67 –

Warrants

Malaysia - 0.00%

86 Gadang Holdings Bhd – –

– –

Total Warrants – 0.00% (30 November 2015: 0.00%) – –

Total Investments 99.80% (30 November 2015: 100.09%) 1,574,241 99.80

Value (000's)

USD


Cash and Cash Equivalents– 0.04% (30 November 2015: 0.90%) 661 0.04 Other Assets in Excess of Liabilities – 0.16% (30 November 2015: (0.99)%) 2,569 0.16

Total Net Assets 1,577,471 100.00

– Amounts designated as “–” are either, less than $500 or less than 500 shares.




Analysis of Total Assets (unaudited) % of Total Assets

Transferable securities admitted to an official stock exchange listing 98.20 Other transferable securities of the type referred to in Regulations 68 (1)(a), (b) and (c) 0.02

Current Assets 1.78

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) EUR


Government Bonds

France – 85.60%

915 France Government Bond OAT 1.100 25/07/2022 1,124 14.51

1,421 France Government Bond OAT 0.250 25/07/2024 1,568 20.24


415 France Government Bond OAT 0.700 25/07/2030 479 6.18


6,631 85.60

Germany – 11.88%

818

Deutsche Bundesrepublik Inflation Linked Bond 0.100 15/04/2023 920 11.88

920 11.88

Total Government Bonds - 97.48% (30 November 2015: 98.52%) 7,551 97.48

Total Investments - 97.48% (30 November 2015: 98.52%) 7,551 97.48

Cash and Cash Equivalents - 0.92% (30 November 2015: 0.44%) 71 0.92 Other Assets in Excess of Liabilities - 1.60% (30 November 2015: 1.04%) 124 1.60



Transferable securities admitted to an official exchange listing 91.16

Transferable securities dealt in on another regulated market 6.17

Current assets 2.67

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's)

EUR


Government Bonds

France - 80.65%






100 80.65

Germany - 16.13%

17 Deutsche Bundesrepublik Inflation Linked Bond 0.500 15/04/2030 20 16.13

20 16.13

Total Government Bonds – 96.78% (30 November 2015: 99.38%) 120 96.78

Total Investments – 96.78% (30 November 2015: 99.38%) 120 96.78

Cash and Cash Equivalents– 4.83% (30 November 2015: 0.34%) 6 4.83 Liabilities in Excess of Other Assets – (1.61)% (30 November 2015: 0.28%) (2) (1.61)

Total Net Assets 124 100.00



Current Assets 7.97

Total Assets 100.00




.

Shares (000's)

Value (000's)

EUR


Common Stock

Austria - 2.62%

1 Agrana Beteiligungs AG 57 0.04

8 Andritz AG 393 0.28

26 Atrium European Real Estate Ltd 100 0.07

3 Austria Technologie & Systemtechnik AG 33 0.02

11 Buwog AG 242 0.16

10 CA Immobilien Anlagen AG 166 0.11

11 Conwert Immobilien Invest SE 174 0.12

1 DO & CO AG 48 0.03

4 EVN AG 47 0.03

2 Flughafen Wien AG 43 0.03

134 Immofinanz AG 262 0.18

1 Kapsch TrafficCom AG 32 0.02

2 Lenzing AG 183 0.12

1 Mayr Melnhof Karton AG 124 0.08

2 Oberbank AG 144 0.10

6 Oesterreichische Post AG 185 0.13

2 Palfinger AG 58 0.04

2 POLYTEC Holding AG 21 0.01

2 Porr Ag 66 0.04

15 Raiffeisen Bank International AG 261 0.18

5 RHI AG 113 0.08

1 Rosenbauer International AG 39 0.03

8 S IMMO AG 76 0.05

2 Schoeller-Bleckmann Oilfield Equipment AG 103 0.07

2 Semperit AG Holding 44 0.03

3 Strabag SE 95 0.06

12 Telekom Austria AG 65 0.04

– UBM Development AG 2 –

18 UNIQA Insurance Group AG 115 0.08

6 Verbund AG 85 0.06

3 Vienna Insurance Group AG Wiener Versicherung Gruppe 49 0.03

1 voestalpine AG 24 0.02

19 Wienerberger AG 309 0.22

5 Zumtobel Group AG 85 0.06

3,843 2.62

Belgium - 3.03%

8 Ablynx NV 77 0.05

3 Ackermans & van Haaren NV 428 0.3

33 AGFA-Gevaert NV 141 0.10

– Atenor 11 0.01

– Banque Nationale de Belgique 110 0.07

1 Barco NV 101 0.07

6 Bekaert SA 238 0.16

11 bpost SA 236 0.16

1 Cie d'Entreprises CFE 95 0.06

1 Cie Immobiliere de Belgique SA 28 0.02

3 D'ieteren SA 119 0.08

13 Deceuninck NV 31 0.02

12 Econocom Group SA 166 0.11

4 Elia System Operator SA 206 0.14

17 Euronav NV 120 0.08

2 EVS Broadcast Equipment SA 53 0.04

5 Exmar NV 33 0.02

6 Fagron 53 0.04

6 Galapagos NV 341 0.23

3 Gimv NV 164 0.11

2 Ion Beam Applications 91 0.06

2 Kinepolis Group NV 75 0.05

– Lotus Bakeries 90 0.06

4 MDxHealth 16 0.01

3 Melexis NV 159 0.11

Shares (000's)

Value (000's)

EUR



Belgium - 3.03% (continued)

12 Nyrstar NV 79 0.05

9 Ontex Group NV 239 0.16

6 Orange Belgium SA 108 0.07

– Picanol 37 0.03

– RealDolmen 5 –

– RealDolmen NV/SA – –

5 Recticel SA 27 0.02

– Resilux 24 0.02

1 Roularta Media Group NV 20 0.01

1 Sioen Industries NV 45 0.03

1 Sipef SA 53 0.04

4 Telenet Group Holding NV 186 0.13

5 Tessenderlo Chemie NV 163 0.11

5 ThromboGenics NV 14 0.01

3 Umicore SA 185 0.13

1 Van de Velde NV 68 0.05

13 Viohalco SA 15 0.01

4,450 3.03

Denmark - 2.85%

1 ALK-Abello AS 91 0.06

10 Alm Brand AS 73 0.05

4 Ambu AS 145 0.10

7 Bang & Olufsen AS 67 0.05

3 Bavarian Nordic AS 85 0.06

– Brodrene Hartmann AS 14 0.01

2 D/S Norden AS 31 0.02

4 Dfds AS 147 0.10

– Djurslands Bank AS 9 0.01

6 FLSmidth & Co AS 217 0.15

17 GN Store Nord AS 317 0.21

1 Harboes Bryggeri AS 19 0.01

1 IC Group AS 24 0.02

– Jeudan AS 4 –

8 Jyske Bank AS 330 0.22

– Lan & Spar Bank 13 0.01

4 Matas AS 47 0.03

3 NKT Holding AS 203 0.14

1 NNIT AS 29 0.02

2 Nordjyske Bank AS 27 0.02

1 Parken Sport & Entertainment AS 8 0.01

3 Per Aarsleff Holding AS 60 0.04

1 Ringkjoebing Landbobank AS 144 0.10

– Rockwool International AS 19 0.01

1 Rockwool International AS, Class B 136 0.09

7 Royal Unibrew AS 244 0.17

2 Santa Fe Group AS 17 0.01

2 Schouw & Co AB 103 0.07

5 SimCorp AS 211 0.14

1 Solar AS 46 0.03

11 Spar Nord Bank AS 108 0.07

10 Sydbank AS 270 0.18

103 TDC AS 493 0.33

– Tivoli AS 24 0.02

14 TK Development AS 15 0.01

8 Topdanmark AS 190 0.13

1 Tryg AS 9 0.01

– United International Enterprises 48 0.03

1 Vestjysk Bank AS 2 –

8 William Demant Holding AS 126 0.09

2 Zealand Pharma AS 28 0.02

4,193 2.85




Shares (000's)

Value (000's)

EUR



Finland - 4.42%

4 Ahlstrom Oyj 60 0.04

3 Aktia Bank Oyj 31 0.02

6 Alma Media Oyj 29 0.02

15 Amer Sports Oyj 380 0.26

1 Apetit Oyj 13 0.01

4 Aspo Oyj 28 0.02

1 Atria Oyj 6 –

– Bank of Aland PLC, Class A 1 –

1 Bank of Aland PLC, Class B 15 0.01

1 BasWare Oyj 38 0.03

3 Bittium Oyj 15 0.01

5 Cargotec Oyj 172 0.12

13 Caverion Corp 86 0.06

45 Citycon Oyj 97 0.07

21 Comptel Oyj 43 0.03

5 Cramo Oyj 119 0.08

1 Digia Oyj 4 –

8 Elisa Oyj 237 0.16

11 F-Secure Oyj 34 0.02

10 Finnair Oyj 40 0.03

3 Fiskars Oyj Abp 56 0.04

5 HKScan Oyj 14 0.01

11 Huhtamaki Oyj 402 0.27

2 Ilkka-Yhtyma Oyj 7 –

16 Kemira Oyj 179 0.12

2 Kesko Oyj, Class A 73 0.05

10 Kesko Oyj, Class B 450 0.32

5 Konecranes Oyj 175 0.12

5 Lassila & Tikanoja Oyj 89 0.06

1 Lemminkainen Oyj 28 0.02

27 Metsa Board Oyj 164 0.11

14 Metso Oyj 360 0.25

3 Munksjo Oyj 41 0.03

17 Nokian Renkaat Oyj 562 0.38

2 Olvi Oyj 60 0.04

14 Oriola-KD Oyj 63 0.04

11 Orion Oyj 440 0.30

4 Orion Oyj, Class A 164 0.11

33 Outokumpu Oyj 237 0.16

24 Outotec Oyj 121 0.08

4 PKC Group Oyj 52 0.04

2 Ponsse Oyj 50 0.03

6 Poyry Oyj 19 0.01

1 QT Group Oyj 7 –

20 Raisio Oyj 69 0.05

11 Ramirent Oyj 76 0.05

12 Sanoma Oyj 92 0.06

28 Sponda Oyj 115 0.08

3 Stockmann Oyj Abp, Class A 16 0.01

4 Stockmann Oyj Abp, Class B 28 0.02

185 Talvivaara Mining Co PLC 1 –

19 Technopolis Oyj 58 0.04

1 Teleste Oyj 8 0.01

7 Tieto Oyj 157 0.11

5 Tikkurila Oyj 80 0.05

8 Uponor Oyj 122 0.08

2 Vaisala Oyj 50 0.03

14 Valmet Oyj 208 0.14

1 Viking Line Abp 24 0.02

17 YIT Oyj 129 0.09

6,494 4.42

Shares (000's)

Value (000's)

EUR



France - 9.46%

5 ABC arbitrage 35 0.02

24 Air France-KLM 120 0.08

1 Akka Technologies 35 0.02

4 Albioma SA 59 0.04

5 Alstom SA 119 0.08

6 Altamir 66 0.04

4 Alten SA 250 0.17

22 Altran Technologies SA 268 0.18

4 APRIL SA 45 0.03

3 Arkema SA 304 0.21

2 Assystem 43 0.03

1 Axway Software SA 28 0.02

5 Beneteau SA 69 0.05

2 BioMerieux 197 0.13

1 Boiron SA 92 0.06

2 Bonduelle SCA 58 0.04

2 Bourbon Corp 22 0.01

– Burelle SA 39 0.03

5 Casino Guichard Perrachon SA 196 0.13

1 Cegedim SA 26 0.02

1 Cegid Group SA – –

2 CGG SA 25 0.02

2 Chargeurs SA 32 0.02

1 Cie des Alpes 23 0.02

9 Cie Plastic Omnium SA 252 0.17

12 Coface SA 66 0.04

13 Derichebourg SA 40 0.03

– Devoteam SA 14 0.01

23 Edenred 463 0.32

– Electricite de Strasbourg SA 19 0.01

12 Elior Group 226 0.15

5 Elis SA 80 0.05

1 Eramet 69 0.05

1 Esso SA Francaise 18 0.01

18 Etablissements Maurel et Prom 75 0.05

1 Euler Hermes Group 110 0.07

1 Eurofins Scientific SE 213 0.15

7 Euronext NV 241 0.16

1 Faiveley Transport SA 89 0.06

7 Faurecia 249 0.17

– Fleury Michon SA 26 0.02

– Gaumont SA 2 –

3 Gaztransport Et Technigaz SA 101 0.07

2 GL Events 26 0.02

1 Groupe Crit 39 0.03

21 Groupe Eurotunnel SE 172 0.12

1 Groupe Fnac SA 89 0.06

3 Groupe Fnac SA (UK listing) 236 0.16

1 Groupe Open 23 0.02

1 Guerbet 45 0.03

3 Haulotte Group SA 32 0.02

19 Havas SA 147 0.10

1 Herige SADCS 16 0.01

– HiPay Group SA 2 –

– ID Logistics Group 33 0.02

4 Imerys SA 240 0.16

2 Interparfums SA 45 0.03

4 Ipsen SA 272 0.19

6 IPSOS 174 0.12

3 Jacquet Metal Service 49 0.03

6 Korian SA 144 0.10

18 Lagardere SCA 416 0.28

– Lanson-BCC 8 0.01




Shares (000's)

Value (000's)

EUR



France - 9.46% (continued)

– Laurent-Perrier 29 0.02

– Le Noble Age 12 0.01

3 Lectra 43 0.03

3 LISI 77 0.05

– Maisons France Confort SA 16 0.01

2 Manitou BF SA 35 0.02

– Manutan International 29 0.02

3 Mersen SA 46 0.03

8 Metropole Television SA 132 0.09

2 MGI Coutier 36 0.02

1 Mr Bricolage 12 0.01

1 Naturex 90 0.06

5 Neopost SA 149 0.10

6 Nexans SA 299 0.20

5 Nexity SA 203 0.14

3 NRJ Group 26 0.02

2 Oeneo SA 19 0.01

5 Orpea 391 0.27

1 Pierre & Vacances SA 29 0.02

– PSB Industries SA 11 0.01

3 Rallye SA 47 0.03

1 Remy Cointreau SA 59 0.04

37 Rexel SA 532 0.36

– Robertet SA 47 0.03

1 Rothschild & Co 27 0.02

6 Rubis SCA 464 0.32

– Samse SA 11 0.01

2 Sartorius Stedim Biotech 135 0.09

1 Savencia SA 60 0.04

3 SEB SA 410 0.29

– Seche Environnement SA 7 –

3 Sequana SA 3 –

1 Societe des Bains de Mer et du Cercle des Etrangers a Monaco 29 0.02

– Societe Marseillaise du Tunnel Prado-Carenage SA 12 0.01

5 Solocal Group 15 0.01

– Somfy SA 99 0.07

2 Sopra Steria Group 216 0.15

5 SPIE SA 95 0.06

– Stallergenes Greer PLC 12 0.01

9 Ste Industrielle d'Aviation Latecoere SA 30 0.02

1 Stef SA 48 0.03

51 STMicroelectronics NV 489 0.33

– Sword Group 8 0.01

1 Synergie SA 48 0.03

2 Tarkett SA 64 0.04

47 Technicolor SA 219 0.15

8 Teleperformance 714 0.50

18 Television Francaise 1 153 0.10

– Tessi SA 47 0.03

– TFF Group 41 0.03

1 Thermador Groupe 47 0.03

– Total Gabon 14 0.01

2 Trigano SA 136 0.09

18 Ubisoft Entertainment SA 584 0.41

1 Union Financiere de France BQE SA 14 0.01

37 Vallourec SA 195 0.13

4 Valneva SE 10 0.01

– Vetoquinol SA 10 0.01

3 Vicat SA 165 0.11

8 VIEL & Cie SA 33 0.02

1 Vilmorin & Cie SA 61 0.04

– Virbac SA 57 0.04

Shares (000's)

Value (000's)

EUR




1 Vranken-Pommery Monopole SA 12 0.01

1 Worldline SA 24 0.02

13,899 9.46

Germany - 11.14%

9 Aareal Bank AG 315 0.21

3 ADLER Real Estate AG 39 0.03

6 ADVA Optical Networking SE 43 0.03

17 Aixtron SE 65 0.04

1 Amadeus Fire AG 54 0.04

– AS Creation Tapeten AG 10 0.01

6 Aurubis AG 285 0.19

5 Axel Springer SE 199 0.14

1 Bauer AG 15 0.01

2 BayWa AG 73 0.05

2 Bechtle AG 191 0.13

1 Bertrandt AG 69 0.05

1 Bijou Brigitte AG 31 0.02

6 Bilfinger SE 207 0.14

2 Biotest AG 27 0.02

8 Borussia Dortmund GmbH & Co KGaA 39 0.03

3 BRAAS Monier Building Group SA 80 0.05

3 CANCOM SE 109 0.07

4 Carl Zeiss Meditec AG 143 0.10

1 CENIT AG 23 0.02

1 CENTROTEC Sustainable AG 19 0.01

1 Cewe Stiftung & Co KGAA 76 0.05

1 Clere AG 9 0.01

3 Comdirect Bank AG 30 0.02

4 CompuGroup Medical SE 167 0.11

7 Constantin Medien AG 13 0.01

3 CropEnergies AG 14 0.01

6 CTS Eventim AG & Co KGaA 167 0.11

– Data Modul AG 16 0.01

1 Delticom AG 12 0.01

2 Deutsche Beteiligungs AG 65 0.04

7 Deutsche EuroShop AG 248 0.17

4 Deutsche Pfandbriefbank AG 40 0.03

19 Deutz AG 97 0.07

10 Dialog Semiconductor PLC 362 0.25

6 DIC Asset AG 50 0.03

5 DMG Mori AG 194 0.13

1 Dr Hoenle AG 38 0.03

– Draegerwerk AG & Co KGaA 23 0.02

7 Drillisch AG 239 0.16

4 Duerr AG 277 0.19

2 Elmos Semiconductor AG 25 0.02

6 ElringKlinger AG 86 0.06

16 Evotec AG 95 0.06

1 Fielmann AG 63 0.04

1 First Sensor AG 11 0.01

4 Fraport AG Frankfurt Airport Services Worldwide 240 0.16

18 Freenet AG 430 0.29

2 Fuchs Petrolub SE 70 0.05

4 Gerresheimer AG 298 0.20

3 Gerry Weber International AG 34 0.02

1 Gesco AG 40 0.03

3 GFK SE 74 0.05

3 GFT Technologies SE 53 0.04

2 Grammer AG 103 0.07

1 Grenke AG 184 0.13

3 H&R AG 41 0.03

4 Hamburger Hafen und Logistik AG 64 0.04

43 Heidelberger Druckmaschinen AG 102 0.07




Shares (000's)

Value (000's)

EUR



Germany - 11.14% (continued)

3 Hella KGaA Hueck & Co 93 0.06

5 HolidayCheck Group AG 12 0.01

2 Hornbach Baumarkt AG 46 0.03

6 Hugo Boss AG 322 0.22

4 Indus Holding AG 191 0.13

1 Init Innovation In Traffic Systems AG 12 0.01

1 Isra Vision AG 62 0.04

8 Jenoptik AG 120 0.08

19 K+S AG 364 0.25

6 KION Group AG 328 0.22

14 Kloeckner & Co SE 140 0.10

2 Koenig & Bauer AG 64 0.04

11 Kontron AG 32 0.02

2 Krones AG 179 0.12

– KSB AG 16 0.01

4 KUKA AG 474 0.32

– KWS Saat SE 89 0.06

11 Lanxess AG 666 0.45

7 LEG Immobilien AG 490 0.34

– Leifheit AG 18 0.01

5 Leoni AG 145 0.10

3 LPKF Laser & Electronics AG 19 0.01

1 Manz AG 29 0.02

1 Medigene AG 11 0.01

8 MLP AG 33 0.02

7 MTU Aero Engines AG 649 0.45

1 MVV Energie AG 20 0.01

4 Nemetschek SE 186 0.13

2 Nexus AG 43 0.03

9 Nordex SE 182 0.12

5 Norma Group SE 175 0.12

1 OHB SE 18 0.01

11 OSRAM Licht AG 520 0.35

8 Patrizia Immobilien AG 129 0.09

1 Pfeiffer Vacuum Technology AG 99 0.07

9 PNE Wind AG 20 0.01

1 Progress-Werk Oberkirch AG 20 0.01

2 PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie 24 0.02

– Puma SE 58 0.04

2 PVA TePla AG 6 –

16 Qiagen NV 427 0.30

24 QSC AG 48 0.03

– R Stahl AG 14 0.01

1 Rational AG 245 0.17

6 Rheinmetall AG 420 0.30

6 Rhoen Klinikum AG 149 0.10

5 RIB Software AG 66 0.04

8 SAF-Holland SA 107 0.07

5 Salzgitter AG 164 0.11

1 Schaltbau Holding AG 33 0.02

1 SHW AG 47 0.03

– SIXT LEASING SE 9 0.01

2 Sixt SE 109 0.07

2 SMA Solar Technology AG 50 0.03

9 Software AG 296 0.20

2 Stabilus SA 105 0.07

9 Stada Arzneimittel AG 422 0.29

– STRATEC Biomedical AG 10 0.01

3 Stroeer SE & Co KGaA 117 0.08

12 Suedzucker AG 256 0.17

2 Suess MicroTec AG 13 0.01

– Surteco SE 8 0.01

16 TAG Immobilien AG 184 0.13

Shares (000's)

Value (000's)

EUR




4 Takkt AG 86 0.06

1 Technotrans AG 34 0.02

8 TLG Immobilien AG 140 0.10

3 Tom Tailor Holding AG 15 0.01

4 VERBIO Vereinigte BioEnergie AG 31 0.02

1 Vossloh AG 77 0.05

2 VTG AG 50 0.03

2 Wacker Chemie AG 126 0.09

4 Wacker Neuson SE 59 0.04

– Washtec AG 20 0.01

1 XING AG 91 0.06

1 Zeal Network SE 43 0.03

16,361 11.14

Greece - —%

1 Lan-Net SA – –

7 T Bank SA – –

– –

Ireland - 0.97%

24 C&C Group PLC 84 0.06

2 FBD Holdings PLC 12 0.01

17 Glanbia PLC 278 0.19

11 IFG Group PLC 17 0.01

9 Irish Continental Group PLC 36 0.02

16 Kingspan Group PLC 403 0.27

1 Paddy Power Betfair PLC 103 0.07

23 Smurfit Kappa Group PLC 485 0.34

1,418 0.97

Italy - 6.32%

207 A2A SpA 232 0.16

9 ACEA SpA 96 0.07

1 Alerion Cleanpower SpA 3 –

14 Amplifon SpA 127 0.09

16 Anima Holding SpA 76 0.05

21 Ansaldo STS SpA 224 0.15

19 Arnoldo Mondadori Editore SpA 18 0.01

12 Ascopiave SpA 30 0.02

6 Astaldi SpA 23 0.02

20 Autogrill SpA 153 0.10

13 Azimut Holding SpA 181 0.12

41 Banca Carige SpA 10 0.01

7 Banca Generali SpA 131 0.09

3 Banca IFIS SpA 73 0.05

36 Banca Mediolanum SpA 219 0.15

2 Banca Monte dei Paschi di Siena SpA 33 0.02

73 Banca Popolare dell'Emilia Romagna SC 275 0.18

694 Banca Popolare di Milano Scarl 211 0.14

64 Banca Popolare di Sondrio Scarl 191 0.13

15 Banca Profilo SpA 2 –

7 Banco di Desio e della Brianza SpA 11 0.01

80 Banco Popolare SC 155 0.11

5 BasicNet SpA 15 0.01

2 Biesse SpA 42 0.03

5 Brembo SpA 295 0.19

3 Brunello Cucinelli SpA 49 0.03

11 Buzzi Unicem SpA 219 0.15

7 Cairo Communication SpA 25 0.02

13 Caltagirone Editore SpA 9 0.01

8 Cementir Holding SpA 30 0.02

23 Cerved Information Solutions SpA 173 0.12

80 CIR-Compagnie Industriali Riunite SpA 77 0.05

13 Credito Emiliano SpA 71 0.05

166 Credito Valtellinese SC 48 0.03




Shares (000's)

Value (000's)

EUR



Italy - 6.32% (continued)

2 Danieli & C Officine Meccaniche SpA 40 0.03

2 Datalogic SpA 41 0.03

46 Davide Campari-Milano SpA 414 0.28

6 De' Longhi SpA 130 0.09

16 DeA Capital SpA 16 0.01

4 DiaSorin SpA 191 0.13

2 Ei Towers SpA 99 0.07

2 El.En. SpA 44 0.03

8 ERG SpA 73 0.05

4 Esprinet SpA 25 0.02

7 Eurotech SpA 9 0.01

11 Falck Renewables SpA 9 0.01

50 Fincantieri SpA 21 0.01

18 FinecoBank Banca Fineco SpA 87 0.06

10 Geox SpA 19 0.01

22 Gruppo Editoriale L'Espresso SpA 16 0.01

3 Gruppo MutuiOnline SpA 25 0.02

117 Hera SpA 229 0.16

2 Industria Macchine Automatiche SpA 134 0.09

18 Infrastrutture Wireless Italiane SpA 71 0.05

50 Intek Group SpA 10 0.01

11 Interpump Group SpA 162 0.11

112 Iren SpA 157 0.11

2 Italmobiliare SpA 63 0.04

54 Juventus Football Club SpA 15 0.01

3 La Doria SpA 19 0.01

10 Maire Tecnimont SpA 23 0.02

3 MARR SpA 54 0.04

97 Mediaset SpA 221 0.15

5 Mediobanca SpA 30 0.02

19 Moleskine SpA 46 0.03

15 Moncler SpA 235 0.16

8 Nice SpA 18 0.01

12 OVS SpA 57 0.04

36 Parmalat SpA 91 0.06

31 Piaggio & C SpA 47 0.03

27 Prysmian SpA 611 0.41

12 RAI Way SpA 37 0.03

9 Recordati SpA 243 0.17

1 Reply SpA 112 0.08

1 Sabaf SpA 11 0.01

6 Safilo Group SpA 44 0.03

824 Saipem SpA 350 0.24

33 Salini Impregilo SpA 86 0.06

5 Salvatore Ferragamo SpA 93 0.06

39 Saras SpA 65 0.04

4 Save SpA 61 0.04

21 Snia SpA – –

19 Societa Cattolica di Assicurazioni Scrl 103 0.07

11 Societa Iniziative Autostradali e Servizi SpA 84 0.06

9 Sogefi SpA 18 0.01

5 SOL SpA 36 0.02

15 Tamburi Investment Partners SpA 55 0.04

218 Tiscali SpA 9 0.01

2 Tod's SpA 96 0.07

12 Trevi Finanziaria Industriale SpA 10 0.01

55 Unipol Gruppo Finanziario SpA 159 0.11

142 UnipolSai SpA 254 0.16

5 Vittoria Assicurazioni SpA 50 0.03

8 Yoox Net-A-Porter Group SpA 200 0.14

4 Zignago Vetro SpA 22 0.01

9,277 6.32

Shares (000's)

Value (000's)

EUR



Netherlands - 3.36%

14 Aalberts Industries NV 403 0.27

4 Accell Group 73 0.05

5 AMG Advanced Metallurgical Group NV 80 0.05

3 Amsterdam Commodities NV 60 0.04

7 APERAM SA 294 0.20

7 Arcadis NV 82 0.06

7 ASM International NV 288 0.20

6 BE Semiconductor Industries NV 194 0.13

3 Beter Bed Holding NV 40 0.03

9 BinckBank NV 47 0.03

11 Boskalis Westminster 317 0.22

3 Brunel International NV 45 0.03

8 Corbion NV 187 0.13

67 Delta Lloyd NV 363 0.26

2 Flow Traders 66 0.04

8 Fugro NV 120 0.08

8 Gemalto NV 390 0.27

4 Heijmans NV 20 0.01

1 Hunter Douglas NV 42 0.03

4 IMCD Group NV 164 0.11

2 KAS Bank NV 17 0.01

2 Kendrion NV 51 0.03

33 Koninklijke BAM Groep NV 133 0.09

1 Nederland Apparatenfabriek 23 0.02

8 OCI NV 108 0.07

9 Ordina NV 18 0.01

60 PostNL NV 279 0.19

5 Refresco Group NV 65 0.04

28 SBM Offshore NV 385 0.26

3 Sligro Food Group NV 107 0.07

7 Telegraaf Media Groep NV 25 0.02

5 TKH Group NV 186 0.13

18 TomTom NV 134 0.09

1 Van Lanschot NV 12 0.01

10 Wessanen 116 0.08

4,934 3.36

Norway - 2.12%

61 ABG Sundal Collier Holding ASA 31 0.02

1 AF Gruppen ASA 21 0.01

45 Akastor ASA 61 0.04

3 Aker ASA 114 0.08

12 Aker BP ASA 186 0.13

19 Aker Solutions ASA 80 0.05

5 American Shipping Co ASA 14 0.01

8 Atea ASA 70 0.05

10 Austevoll Seafood ASA 91 0.06

147 Axactor AB 50 0.03

5 Bakkafrost P/F 191 0.13

3 Bonheur ASA 19 0.01

11 Borregaard ASA 104 0.07

8 BW LPG Ltd 25 0.02

229 BW Offshore Ltd 10 0.01

47 DNO ASA 39 0.03

4 Ekornes ASA 43 0.03

10 Entra ASA 97 0.07

6 Fred Olsen Energy ASA 9 0.01

9 Frontline Ltd 58 0.04

7 Grieg Seafood ASA 67 0.05

13 Hexagon Composites ASA 39 0.03

6 Hoegh LNG Holdings Ltd 58 0.04

32 Kongsberg Automotive ASA 20 0.01

3 Kongsberg Gruppen ASA 38 0.03

22 Kvaerner ASA 25 0.02




Shares (000's)

Value (000's)

EUR



Norway - 2.12% (continued)

16 Nordic Semiconductor ASA 61 0.04

14 Norske Skogindustrier ASA 5 –

2 Norwegian Air Shuttle ASA 72 0.05

6 Ocean Yield ASA 49 0.03

5 Odfjell SE 15 0.01

20 Opera Software ASA 133 0.09

28 Petroleum Geo-Services ASA 78 0.05

3 PhotoCure ASA 17 0.01

77 Prosafe SE 2 –

9 Protector Forsikring ASA 70 0.05

9 Q-Free ASA 7 –

152 REC Silicon ASA 16 0.01

8 Scatec Solar ASA 30 0.02

5 Seadrill Ltd 13 0.01

5 Selvaag Bolig ASA 22 0.01

5 Sevan Marine ASA 9 0.01

2 Solstad Offshore ASA 3 –

13 SpareBank 1 SMN 92 0.06

14 SpareBank 1 SR-Bank ASA 86 0.06

3 Stolt-Nielsen Ltd 35 0.02

11 Storebrand ASA 55 0.04

11 TGS Nopec Geophysical Co ASA 209 0.15

11 Tomra Systems ASA 104 0.07

5 Treasure ASA 9 0.01

10 Veidekke ASA 138 0.09

5 Wilh Wilhelmsen ASA 17 0.01

2 Wilh Wilhelmsen Holding ASA, Class A 48 0.03

1 Wilh Wilhelmsen Holding ASA, Class B 22 0.01

13 XXL ASA 141 0.10

3,118 2.12

Portugal - 0.49%

6 Altri SGPS SA 23 0.02

56 Banco BPI SA 63 0.04

28 Banco Comercial Portugues SA 33 0.02

15 CTT-Correios de Portugal SA 88 0.06

3 Ibersol SGPS SA 29 0.02

10 Mota-Engil SGPS SA 15 0.01

31 Navigator Co SA 90 0.06

32 NOS SGPS SA 171 0.13

3 Novabase SGPS SA 7 –

40 REN - Redes Energeticas Nacionais SGPS SA 104 0.07

113 Sonae SGPS SA 90 0.06

29 Teixeira Duarte SA 5 –

718 0.49

Spain - 4.12%

4 Acciona SA 238 0.16

21 Acerinox SA 249 0.17

2 Adveo Group International SA 6 –

11 Almirall SA 153 0.10

12 Applus Services SA 115 0.08

10 Atresmedia Corp de Medios de Comunicacion SA 94 0.06

3 Azkoyen SA 16 0.01

48 Banco Popular Espanol SA 40 0.03

– Baron de Ley 45 0.03

11 Bolsas y Mercados Espanoles SHMSF SA 320 0.23

18 Cellnex Telecom SA 244 0.17

2 Cementos Portland Valderrivas SA 14 0.01

3 Cia de Distribucion Integral Logista Holdings SA 57 0.04

8 CIE Automotive SA 139 0.09

4 Construcciones y Auxiliar de Ferrocarriles SA 128 0.09

79 Distribuidora Internacional de Alimentacion SA 341 0.23

17 Duro Felguera SA 18 0.01

12 Ebro Foods SA 227 0.15

Shares (000's)

Value (000's)

EUR



Spain - 4.12% (continued)

4 eDreams Odigeo SA 10 0.01

6 Elecnor SA 57 0.04

18 Ence Energia y Celulosa SA 40 0.03

11 Ercros SA 21 0.01

4 Euskaltel SA 36 0.02

56 Faes Farma SA 188 0.14

6 Fluidra SA 22 0.01

31 Gamesa Corp Tecnologica SA 603 0.41

6 Grupo Catalana Occidente SA 179 0.12

16 Grupo Ezentis SA 7 –

2 Iberpapel Gestion SA 31 0.02

– Iberpapel Gestion SA (RFD) 1 –

14 Indra Sistemas SA 138 0.09

32 Inmobiliaria Colonial SA 203 0.14

2 Laboratorios Farmaceuticos Rovi SA 24 0.02

57 Liberbank SA 50 0.03

20 Mediaset Espana Comunicacion SA 195 0.13

11 Melia Hotels International SA 118 0.08

4 Miquel y Costas & Miquel SA 86 0.06

38 NH Hotel Group SA 141 0.10

22 Obrascon Huarte Lain SA 57 0.04

9 Papeles y Cartones de Europa SA 47 0.03

5 Pescanova SA – –

26 Pharma Mar SA 60 0.04

2 Prim SA 20 0.01

10 Promotora de Informaciones SA 54 0.04

43 Prosegur Cia de Seguridad SA 255 0.18

36 Realia Business SA 32 0.02

44 Sacyr SA 87 0.06

5 Saeta Yield SA 38 0.03

8 Talgo SA 38 0.03

5 Tecnicas Reunidas SA 161 0.11

5 Tecnocom Telecomunicaciones y Energia SA 19 0.01

21 Tubacex SA 56 0.04

22 Tubos Reunidos SA 18 0.01

3 Vidrala SA 137 0.09

6 Viscofan SA 271 0.18

9 Vocento SA 10 0.01

13 Zardoya Otis SA 98 0.07

6,052 4.12

Sweden - 5.70%

4 AAK AB 216 0.15

10 Acando AB 25 0.02

3 AddLife AB 45 0.03

8 AddTech AB 106 0.07

10 AF AB 171 0.12

7 Atrium Ljungberg AB 94 0.06

3 Avanza Bank Holding AB 114 0.08

4 B&B Tools AB 83 0.06

3 Beijer Alma AB 68 0.05

2 Beijer Electronics AB 9 0.01

3 Beijer Ref AB 77 0.05

15 Betsson AB 141 0.10

5 Bilia AB 101 0.07

2 BioGaia AB 61 0.04

8 Biotage AB 38 0.03

7 Bonava AB 86 0.06

12 Bure Equity AB 121 0.08

10 Byggmax Group AB 62 0.04

6 Castellum AB 73 0.05

2 Catena AB 29 0.02

5 Clas Ohlson AB 59 0.04

34 Cloetta AB 101 0.07




Shares (000's)

Value (000's)

EUR



Sweden - 5.70% (continued)

13 Com Hem Holding AB 113 0.08

6 Concentric AB 68 0.05

3 Concordia Maritime AB 4 –

4 Dios Fastigheter AB 28 0.02

4 Duni AB 45 0.03

3 Dustin Group AB 18 0.01

2 East Capital Explorer AB 16 0.01

21 Elekta AB 167 0.11

2 Eltel AB 13 0.01

3 Enea AB 27 0.02

20 Fabege AB 293 0.20

3 Fagerhult AB 59 0.04

– Fenix Outdoor International AG 19 0.01

7 Granges AB 59 0.04

7 Gunnebo AB 29 0.02

9 Haldex AB 102 0.07

2 Heba Fastighets AB 24 0.02

14 Hemfosa Fastigheter AB 120 0.08

5 HIQ International AB 31 0.02

7 Hoist Finance AB 56 0.04

8 Holmen AB 262 0.17

15 Indutrade AB 265 0.17

9 Intrum Justitia AB 268 0.18

3 Inwido AB 29 0.02

1 ITAB Shop Concept AB 10 0.01

11 JM AB 280 0.19

11 KappAhl AB 48 0.03

8 Karo Pharma AB 24 0.02

2 Karolinska Development AB 1 –

71 Klovern AB 69 0.05

3 KNOW IT AB 24 0.02

20 Kungsleden AB 116 0.08

5 Lagercrantz Group AB 37 0.03

3 Lifco AB 59 0.04

9 Lindab International AB 70 0.05

9 Loomis AB 224 0.15

2 Medivir AB 17 0.01

3 Mekonomen AB 59 0.04

8 Modern Times Group MTG AB 187 0.13

4 MQ Holding AB 15 0.01

12 Mycronic AB 121 0.08

10 NCC AB 218 0.15

55 Net Insight AB 41 0.03

20 NetEnt AB 141 0.10

8 New Wave Group AB 39 0.03

2 Nibe Industrier AB 12 0.01

14 Nobia AB 109 0.07

3 Nolato AB 79 0.05

14 Nordnet AB 55 0.04

3 OEM International AB 41 0.03

30 Opus Group AB 19 0.01

7 Oriflame Holding AG 160 0.11

2 Pandox AB 27 0.02

25 Peab AB 183 0.12

11 Pricer AB 10 0.01

1 Proact IT Group AB 15 0.01

– Probi AB 19 0.01

8 Qliro Group AB 8 0.01

35 Ratos AB 138 0.09

2 RaySearch Laboratories AB 29 0.02

3 Recipharm AB 42 0.03

13 Rezidor Hotel Group AB 44 0.03

1 Saab AB 26 0.02

Shares (000's)

Value (000's)

EUR




6 Sagax AB 51 0.03

19 SAS AB 29 0.02

4 Scandi Standard AB 21 0.01

1 Sectra AB 9 0.01

3 Semcon AB 14 0.01

3 SkiStar AB 49 0.03

23 SSAB AB, Class A 83 0.06

20 SSAB AB, Class B 60 0.04

62 SSAB AB, Class B (Sweden listing) 189 0.13

11 Sweco AB 211 0.13

2 Systemair AB 25 0.02

11 Thule Group AB 139 0.09

28 Unibet Group PLC 226 0.15

15 Victoria Park AB 33 0.02

2 Vitrolife AB 85 0.06

27 Wallenstam AB 185 0.13

9 Wihlborgs Fastigheter AB 153 0.10

8,373 5.70

Switzerland - 8.99%

4 AFG Arbonia-Forster Holding AG 65 0.04

2 Allreal Holding AG 268 0.18

1 Alpiq Holding AG 45 0.03

1 ALSO Holding AG 52 0.04

9 ams AG 249 0.17

– APG SGA SA 34 0.02

7 Aryzta AG 298 0.20

4 Ascom Holding AG 71 0.05

– Autoneum Holding AG 110 0.07

– Bachem Holding AG 37 0.03

3 Baloise Holding AG 339 0.23

1 Bank Coop AG 48 0.03

– Banque Cantonale de Geneve 39 0.03

– Banque Cantonale Vaudoise 222 0.15

– Basler Kantonalbank 28 0.02

– Belimo Holding AG 205 0.13

– Bell AG 67 0.05

1 Bellevue Group AG 17 0.01

1 Berner Kantonalbank AG 97 0.07

2 BKW AG 87 0.06

1 Bobst Group SA 91 0.06

1 Bossard Holding AG 68 0.05

1 Bucher Industries AG 176 0.12

– Burckhardt Compression Holding AG 84 0.06

1 Burkhalter Holding AG 81 0.06

1 Calida Holding AG 25 0.02

– Carlo Gavazzi Holding AG 24 0.02

3 Cembra Money Bank AG 213 0.15

– Cham Paper Holding AG 24 0.02

1 Charles Voegele Holding AG 8 0.01

– Cie Financiere Tradition SA 23 0.02

19 Clariant AG 290 0.19

– Coltene Holding AG 28 0.02

– Conzzeta AG 113 0.08

1 Daetwyler Holding AG 115 0.08

3 DKSH Holding AG 176 0.12

– Dorma & Kaba Holding AG 267 0.18

– Edmond de Rothschild Suisse SA 26 0.02

8 EFG International AG 43 0.03

– Emmi AG 224 0.15

2 Energiedienst Holding AG 41 0.03

8 Evolva Holding SA 3 –

3 Flughafen Zuerich AG 490 0.33

– Forbo Holding AG 186 0.13




Shares (000's)

Value (000's)

EUR



Switzerland - 8.99% (continued)

23 GAM Holding AG 215 0.15

5 Gategroup Holding AG 246 0.17

1 Georg Fischer AG 513 0.35

– Gurit Holding AG 62 0.04

1 Helvetia Holding AG 499 0.34

– Hiag Immobilien Holding AG 29 0.02

– HOCHDORF Holding AG 45 0.03

2 Huber & Suhner AG 111 0.08

2 Implenia AG 110 0.07

– Inficon Holding AG 65 0.04

– Interroll Holding AG 92 0.06

– Intershop Holding AG 74 0.05

– Jungfraubahn Holding AG 2 –

1 Kardex AG 66 0.04

1 Komax Holding AG 145 0.10

8 Kudelski SA 123 0.08

– LEM Holding SA 101 0.07

2 Liechtensteinische Landesbank AG 71 0.05

21 Logitech International SA 479 0.33

– Luzerner Kantonalbank AG 162 0.11

– Metall Zug AG 89 0.06

13 Meyer Burger Technology AG 28 0.02

2 Mikron Holding AG 13 0.01

2 Mobilezone Holding AG 29 0.02

1 Mobimo Holding AG 224 0.14

28 OC Oerlikon Corp AG 246 0.17

3 Orascom Development Holding AG 14 0.01

– Orell Fuessli Holding AG 12 0.01

1 Orior AG 42 0.03

1 Panalpina Welttransport Holding AG 171 0.12

– Phoenix Mecano AG 52 0.04

– Plazza AG 34 0.02

6 PSP Swiss Property AG 457 0.31

– Rieter Holding AG 73 0.05

– Romande Energie Holding SA 58 0.04

– Schaffner Holding AG 38 0.03

76 Schmolz & Bickenbach AG 46 0.03

– Schweiter Technologies AG 164 0.11

2 SFS Group AG 124 0.08

1 Siegfried Holding AG 123 0.08

– St Galler Kantonalbank AG 118 0.08

– Straumann Holding AG 21 0.01

2 Sulzer AG 150 0.10

3 Sunrise Communications Group AG 201 0.14

2 Swiss Prime Site AG 181 0.12

1 Swissquote Group Holding SA 31 0.02

– Tamedia AG 66 0.04

1 Tecan Group AG 186 0.13

9 Temenos Group AG 566 0.38

1 U-Blox AG 132 0.09

2 Valiant Holding AG 204 0.14

1 Valora Holding AG 141 0.10

– Vaudoise Assurances Holding SA 58 0.04

– Vetropack Holding AG 61 0.04

11 Von Roll Holding AG 7 –

4 Vontobel Holding AG 169 0.12

– VP Bank AG 10 0.01

– VZ Holding AG 114 0.08

1 Walliser Kantonalbank 51 0.03

– Warteck Invest AG 30 0.02

– Ypsomed Holding AG 64 0.04

2 Zehnder Group AG 44 0.03

Shares (000's)

Value (000's)

EUR




– Zug Estates Holding AG 52 0.04

– Zuger Kantonalbank AG 100 0.07

13,201 8.99

United Kingdom - 28.96%

5 4imprint Group PLC 99 0.07

17 888 Holdings PLC 42 0.03

15 A.G. Barr PLC 89 0.06

78 AA PLC 245 0.17

29 Acacia Mining PLC 138 0.09

13 Acal PLC 33 0.02

192 Afren PLC – –

31 Aggreko PLC 303 0.21

9 Aldermore Group PLC 23 0.02

29 Alizyme PLC – –

13 Alumasc Group 24 0.02

52 AMEC PLC 268 0.18

25 Anglo Pacific Group PLC 34 0.02

4 Anglo-Eastern Plantations PLC 27 0.02

16 Arrow Global Group PLC 55 0.04

51 Ashmore Group PLC 165 0.11

13 Auto Trader Group PLC 63 0.04

4 Aveva Group PLC 81 0.06

4 Avon Rubber PLC 52 0.04

84 B&M European Value Retail SA 247 0.17

89 Balfour Beatty PLC 282 0.19

145 BBA Aviation PLC 448 0.30

75 Beazley PLC 337 0.23

17 Bellway PLC 484 0.33

25 Berendsen PLC 264 0.18

7 Berkeley Group Holdings PLC 198 0.13

6 BGEO Group PLC 206 0.14

11 Bloomsbury Publishing PLC 21 0.01

29 Bodycote PLC 199 0.14

213 Booker Group PLC 432 0.29

14 Boot Henry PLC 32 0.02

19 Bovis Homes Group PLC 182 0.12

4 Braemar Shipping Services PLC 13 0.01

22 Brammer PLC 45 0.03

40 Brewin Dolphin Holdings PLC 136 0.09

31 Britvic PLC 209 0.14

47 BTG PLC 326 0.22

84 Cairn Energy PLC 209 0.14

10 Cambian Group PLC 16 0.01

21 Cape PLC 35 0.02

66 Capital & Counties Properties PLC 220 0.15

12 Carclo PLC 18 0.01

18 Card Factory PLC 55 0.04

64 Carillion PLC 186 0.13

3 Carpetright PLC 7 –

16 Carr's Group PLC 29 0.02

8 Castings PLC 38 0.03

190 Centamin PLC 292 0.20

26 Centaur Media PLC 12 0.01

6 Charles Stanley Group PLC 21 0.01

11 Charles Taylor PLC 33 0.02

45 Chemring Group PLC 87 0.06

20 Chesnara PLC 83 0.06

23 Cineworld Group PLC 147 0.10

3 Circassia Pharmaceuticals Plc 3 –

3 Clarkson PLC 73 0.05

19 Close Brothers Group PLC 306 0.21

3 CLS Holdings PLC 57 0.04

169 Cobham PLC 327 0.22




Shares (000's)

Value (000's)

EUR



United Kingdom - 28.96% (continued)

35 Communisis PLC 15 0.01

12 Computacenter PLC 102 0.07

9 Consort Medical PLC 113 0.08

14 Costain Group PLC 57 0.04

18 Countrywide PLC 36 0.02

8 Cranswick PLC 212 0.14

23 Crest Nicholson Holdings plc 118 0.08

14 Creston PLC 20 0.01

1 Daejan Holdings PLC 82 0.06

31 Daily Mail & General Trust PLC 276 0.19

19 Dairy Crest Group PLC 129 0.09

14 De La Rue PLC 92 0.06

141 Debenhams PLC 92 0.06

14 Dechra Pharmaceuticals PLC 204 0.14

1 Dee Valley Group PLC 13 0.01

27 Devro PLC 45 0.03

5 Dialight PLC 42 0.03

7 Dignity PLC 200 0.14

16 Diploma PLC 174 0.12

85 Domino's Pizza Group PLC 352 0.24

56 Drax Group PLC 188 0.13

100 DS Smith PLC 462 0.31

9 Dunelm Group PLC 77 0.05

8 Dyson Group PLC – –

29 e2v technologies PLC 59 0.04

61 Electrocomponents PLC 322 0.22

73 Elementis PLC 216 0.15

194 EnQuest PLC 69 0.05

82 Enterprise Inns PLC 104 0.07

4 Entertainment One Ltd 10 0.01

31 esure Group PLC 73 0.05

7 Euromoney Institutional Investor PLC 91 0.06

8 European Home Retail PLC – –

62 Evraz PLC 175 0.12

4 FDM Group Holdings PLC 26 0.02

37 Fenner PLC 107 0.07

29 Ferrexpo PLC 45 0.03

5 Fidessa Group PLC 130 0.09

32 Filtrona PLC 151 0.10

12 Findel PLC 28 0.02

163 Firstgroup PLC 196 0.13

281 Fortune Oil PLC – –

26 Foxtons Group PLC 33 0.02

3 Fuller Smith & Turner PLC 40 0.03

171 G4S PLC 491 0.33

12 Galliford Try PLC 178 0.12

5 Games Workshop Group PLC 34 0.02

13 Gem Diamonds Ltd 16 0.01

9 Genus PLC 188 0.13

6 Go-Ahead Group PLC 135 0.09

31 Gocompare.Com Group PLC 22 0.01

28 Grafton Group PLC 176 0.12

54 Grainger PLC 143 0.10

56 Greencore Group PLC 191 0.13

43 Greene King PLC 347 0.24

12 Greggs PLC 123 0.08

249 Gulf Keystone Petroleum Ltd 3 –

36 GVC Holdings PLC 280 0.19

26 Halfords Group PLC 105 0.07

58 Halma PLC 645 0.44

158 Hays PLC 259 0.18

10 Headlam Group PLC 58 0.04

16 Helical PLC 55 0.04

Shares (000's)

Value (000's)

EUR




149 Henderson Group PLC 408 0.28

15 Hill & Smith Holdings PLC 218 0.15

5 Hilton Food Group PLC 33 0.02

39 Hiscox Ltd 479 0.33

40 Hochschild Mining PLC 102 0.07

43 Hogg Robinson Group PLC 33 0.02

35 HomeServe PLC 251 0.17

80 Howden Joinery Group PLC 339 0.23

24 Hunting PLC 154 0.10

38 Huntsworth PLC 17 0.01

71 ICAP PLC 410 0.28

48 IG Group Holdings PLC 472 0.32

41 Imagination Technologies Group PLC 108 0.07

35 IMI PLC 398 0.27

54 Inchcape PLC 391 0.27

90 Indivior PLC 343 0.23

5 Informa PLC 36 0.02

24 Inmarsat PLC 200 0.14

44 Intermediate Capital Group PLC 348 0.24

33 International Personal Finance PLC 109 0.07

22 Interserve PLC 78 0.05

61 IP Group PLC 100 0.07

36 ITE Group PLC 63 0.04

8 James Fisher & Sons PLC 149 0.10

18 Jardine Lloyd Thompson Group PLC 201 0.14

54 JD Sports Fashion PLC 211 0.14

10 JD Wetherspoon PLC 97 0.07

10 John Laing Group PLC 32 0.02

12 John Menzies PLC 73 0.05

53 John Wood Group PLC 515 0.35

13 JRP Group PLC 21 0.01

54 Jupiter Fund Management PLC 271 0.18

48 KAZ Minerals PLC 206 0.14

94 Kcom Group PLC 114 0.08

10 Keller Group PLC 89 0.06

14 Kier Group PLC 226 0.15

125 Ladbrokes PLC 183 0.12

41 Laird PLC 76 0.05

28 Lamprell PLC 29 0.02

28 Lancashire Holdings Ltd 215 0.15

55 Laura Ashley Holdings PLC 13 0.01

28 Lavendon Group PLC 73 0.05

38 Lonmin PLC 66 0.04

38 Lookers PLC 48 0.03

49 Low & Bonar PLC 39 0.03

8 LSL Property Services PLC 18 0.01

206 Man Group PLC 276 0.19

40 Management Consulting Group PLC 9 0.01

29 Marshalls PLC 99 0.07

95 Marston's PLC 151 0.10

30 McBride PLC 61 0.04

17 Mears Group PLC 95 0.06

36 Meggitt PLC 201 0.14

287 Melrose Industries PLC 620 0.42

31 Michael Page International PLC 134 0.09

21 Micro Focus International PLC 519 0.35

21 Millennium & Copthorne Hotels PLC 104 0.07

28 Mitchells & Butlers PLC 74 0.05

56 Mitie Group PLC 135 0.09

8 MJ Gleeson PLC 52 0.04

64 Moneysupermarket.com Group PLC 201 0.14

45 Morgan Crucible Co PLC 149 0.10

6 Morgan Sindall Group PLC 51 0.03




Shares (000's)

Value (000's)

EUR




12 Moss Bros Group PLC 14 0.01

21 Mothercare PLC 27 0.02

18 N Brown Group PLC 43 0.03

67 National Express Group PLC 281 0.19

35 Ncc Group PLC 79 0.05

22 Northgate PLC 109 0.07

10 Novae Group PLC 96 0.07

44 Ocado Group PLC 140 0.10

2 OneSavings Bank PLC 7 –

88 Ophir Energy PLC 83 0.06

8 Oxford Instruments PLC 56 0.04

36 Paragon Group of Cos PLC 157 0.11

8 PayPoint PLC 96 0.07

56 Paysafe Group PLC 257 0.17

178 Pendragon PLC 64 0.04

49 Pennon Group PLC 470 0.32

73 Petra Diamonds Ltd 142 0.10

22 Petrofac Ltd 203 0.14

462 Petropavlovsk PLC 39 0.03

9 Pets at Home Group Plc 22 0.01

50 Phoenix Group Holdings 421 0.29

46 Photo-Me International PLC 76 0.05

30 Playtech PLC 308 0.21

20 Polypipe Group PLC 72 0.05

89 Premier Foods PLC 46 0.03

70 Premier Oil PLC 49 0.03

5 Punch Taverns PLC 7 –

36 PZ Cussons PLC 132 0.09

85 QinetiQ Group PLC 244 0.17

10 Rank Group PLC 24 0.02

6 Rathbone Brothers PLC 136 0.09

56 Raven Russia Ltd 25 0.02

1 REA Holdings PLC 4 –

34 Redrow PLC 164 0.11

79 Regus PLC 216 0.15

5 Renishaw PLC 142 0.10

32 Renold PLC 17 0.01

249 Rentokil Initial PLC 629 0.43

29 Restaurant Group PLC 112 0.08

8 Ricardo PLC 86 0.06

7 Rightmove PLC 292 0.20

12 RM PLC 18 0.01

10 Robert Walters PLC 39 0.03

100 Rotork PLC 277 0.20

59 RPC Group PLC 754 0.52

36 RPS Group PLC 80 0.05

86 Saga PLC 194 0.13

15 Savills PLC 117 0.08

12 SDL PLC 60 0.04

56 Senior PLC 123 0.08

34 Serco Group PLC 54 0.04

3 Servelec Group PLC 8 0.01

63 Severfield PLC 56 0.04

81 Shanks Group PLC 87 0.06

81 SIG PLC 86 0.06

40 Smiths News PLC 67 0.05

37 Soco International PLC 59 0.04

17 Spectris PLC 405 0.28

73 Speedy Hire PLC 38 0.03

10 Spirax-Sarco Engineering PLC 519 0.35

4 Spire Healthcare Group PLC 18 0.01

115 Spirent Communications PLC 109 0.07

16 Sportech PLC 14 0.01

Shares (000's)

Value (000's)

EUR




39 SSP Group PLC 172 0.12

20 St Ives PLC 28 0.02

27 ST Modwen Properties PLC 90 0.06

44 Stagecoach Group PLC 107 0.07

14 SThree PLC 47 0.03

31 Stobart Group Ltd 59 0.04

5 Stock Spirits Group PLC 10 0.01

4 STV Group PLC 15 0.01

4 SuperGroup PLC 70 0.05

38 Synthomer PLC 165 0.11

72 TalkTalk Telecom Group PLC 135 0.09

10 Tarsus Group PLC 30 0.02

62 Tate & Lyle PLC 497 0.34

3 Ted Baker PLC 93 0.06

9 Telecom Plus PLC 128 0.09

173 Thomas Cook Group PLC 173 0.12

20 Topps Tiles PLC 20 0.01

3 Travis Perkins PLC 47 0.03

17 Trifast PLC 37 0.03

38 Trinity Mirror PLC 36 0.02

34 TT Electronics PLC 56 0.04

36 Tullett Prebon PLC 190 0.13

132 Tullow Oil PLC 468 0.33

13 U & I Group PLC 26 0.02

51 UBM PLC 430 0.30

36 UDG Healthcare PLC 281 0.20

4 UK Mail Group PLC 23 0.02

9 Ultra Electronics Holdings PLC 209 0.14

31 UNITE Group PLC 202 0.14

89 Vectura Group PLC 150 0.10

8 Vedanta Resources PLC 79 0.05

27 Vesuvius PLC 123 0.08

10 Victrex PLC 211 0.14

6 Virgin Money Holdings UK PLC 20 0.01

7 Vitec Group PLC 49 0.03

14 Volex PLC 7 –

5 Volution Group PLC 8 0.01

4 Vp PLC 32 0.02

27 Weir Group PLC 584 0.40

17 WH Smith PLC 304 0.21

112 William Hill PLC 396 0.27

10 Wilmington PLC 31 0.02

19 Wincanton PLC 50 0.03

2 Wizz Air Holdings Plc 36 0.02

11 WS Atkins PLC 186 0.13

14 Xaar PLC 65 0.04

2 XP Power Ltd 42 0.03

24 Zoopla Property Group PLC 96 0.07

42,549 28.96

Total Common Stock - 94.55% (30 November 2015: 93.20%) 138,880 94.55

Preferred Stock

Germany - 0.55%


1 Draegerwerk AG & Co KGaA 39 0.03


6 Jungheinrich AG 149 0.10




Shares (000's)

Value (000's)

EUR




3 Sartorius AG 205 0.14

2 Sixt SE 73 0.05

792 0.55

Total Preferred Stock – 0.55% (30 November 2015: 0.30%) 792 0.55


Belgium - 0.75%

2 Aedifica SA 142 0.10

– Ascencio 9 0.01

4 Befimmo SA 188 0.13

1 Care Property Invest 10 0.01

3 Cofinimmo SA 296 0.20

1 Intervest Offices & Warehouses NV 26 0.02

– Leasinvest Real Estate SCA 38 0.02

1 Montea SCA 20 0.01

1 Retail Estates NV 101 0.07

3 Warehouses De Pauw CVA 224 0.15

– Wereldhave Belgium NV 46 0.03

1,100 0.75

France - 0.50%

1 Affine SA 7 –

– Altarea SCA 67 0.05

1 ANF Immobilier 21 0.01

1 Argan SA 12 0.01

2 Fonciere Des Regions 172 0.12

4 ICADE 285 0.19

8 Mercialys SA 149 0.10

1 Terreis 26 0.02

739 0.50

Germany - 0.20%

17 Alstria Office REIT-AG 192 0.13

11 Hamborner REIT AG 99 0.07

291 0.20

Ireland - 0.02%

9 Green REIT PLC 12 0.01

22 Hibernia REIT PLC 25 0.01

37 0.02

Italy - 0.08%

169 Beni Stabili SpA SIIQ 84 0.06

53 Immobiliare Grande Distribuzione SIIQ SpA 34 0.02

118 0.08

Netherlands - 0.35%

6 Eurocommercial Properties NV 195 0.13

21 NSI NV 77 0.05

3 Vastned Retail NV 81 0.05

4 Wereldhave NV 170 0.12

523 0.35

Spain - 0.33%

51 Merlin Properties Socimi SA 483 0.33

483 0.33


223 Assura PLC 151 0.10

22 Big Yellow Group PLC 169 0.12

115 Capital & Regional PLC 74 0.05

12 Derwent London PLC 329 0.22

45 Great Portland Estates PLC 326 0.22

100 Hansteen Holdings PLC 125 0.09

Shares (000's)

Value (000's)

EUR


Real Estate Investment Trust (continued)


92 LondonMetric Property PLC 156 0.11

10 McKay Securities PLC 21 0.01

8 Mucklow A & J Group PLC 43 0.03

85 Primary Health Properties PLC 111 0.08

160 Redefine International PLC 69 0.05

31 Safestore Holdings PLC 127 0.09

44 Schroder Real Estate Investment Trust Ltd 30 0.02

102 Segro PLC 504 0.34

35 Shaftesbury PLC 379 0.26

10 Town Centre Securities PLC 35 0.02

15 Workspace Group PLC 122 0.08

2,771 1.89 Total Real Estate Investment Trust – 4.12% (30 November 2015: 4.49%) 6,062 4.12

Rights

Austria - —%

6 Intercell AG – –

– –

Italy - —%

694 Banca Popolare Di Milano – –

80 Banco Popolare Soc Cooperativa – –

– –

Total Rights – 0.00% (30 November 2015: 0.00%) – –


Cash and Cash Equivalents – 0.26 % (30 November 2015: 0.40%) 384 0.26 Other Assets in Excess of Liabilities – 0.52% (30 November 2015: 1.61%) 769 0.52


– Amounts designated as “–“ are either €0, less than €500 or less than 500 shares



Current Assets 4.22

Total Assets 100.00

European Value Fund



Shares (000's)

Value (000's)

EUR


Common Stock

Austria - 0.17%

1 Erste Group Bank AG 22 0.04

3 OMV AG 83 0.13

105 0.17

Belgium - 2.07%

3 Ageas 117 0.19

2 Colruyt SA 111 0.18

5 KBC Groep NV 293 0.48

5 Proximus SADP 117 0.19

4 Solvay SA 423 0.69

1 UCB SA 28 0.05


1,266 2.07

Denmark - 3.21%

– AP Moeller - Maersk AS, Class A 92 0.15

– AP Moeller - Maersk AS, Class B 288 0.47

2 Carlsberg AS 152 0.25

7 Danske Bank AS 206 0.34

7 DSV AS 291 0.47

2 H Lundbeck AS 61 0.10

6 ISS AS 184 0.30

11 Vestas Wind Systems AS 669 1.09


1,969 3.21

Finland - 1.58%

14 Fortum Oyj 198 0.32

27 Stora Enso Oyj 242 0.40

25 UPM-Kymmene Oyj 528 0.86

968 1.58

France - 15.80%

18 AXA SA 395 0.64

16 BNP Paribas SA 891 1.46

12 Bollore SA 36 0.06

5 Bouygues SA 161 0.26


22 Cie de Saint-Gobain 902 1.47

9 CNP Assurances 149 0.24

8 Credit Agricole SA 89 0.15

11 Electricite de France SA 108 0.18

47 Engie SA 552 0.90

64 Orange SA 880 1.44

22 Peugeot SA 306 0.50

9 Renault SA 669 1.09

1 SCOR SE 39 0.06

22 Societe Generale SA 887 1.45


– Technip SA 8 0.01

61 Total SA 2,739 4.47

24 Vivendi SA 428 0.70

9,679 15.80

Germany - 11.74%

6 Allianz SE 931 1.52

12 Bayerische Motoren Werke AG 1,002 1.64

19 Commerzbank AG 128 0.21

30 Daimler AG 1,871 3.05

23 Deutsche Bank AG 344 0.56

14 Deutsche Lufthansa AG 165 0.27

104 E.ON SE 646 1.05

5 HeidelbergCement AG 409 0.67

2 Linde AG 308 0.50

9 Metro AG 266 0.43

2 Muenchener Rueckversicherungs-Gesellschaft AG 370 0.60


Shares (000's)

Value (000's)

EUR



Germany – 11.74% (continued)

29 RWE AG 340 0.56

2 Talanx AG 74 0.12

13 Telefonica Deutschland Holding AG 47 0.08

11 Uniper SE 133 0.22

1 Volkswagen AG 123 0.20

7,192 11.74

Ireland - 1.02%

951 Bank of Ireland 191 0.31

13 CRH PLC 410 0.67

– Paddy Power Betfair PLC 22 0.04

623 1.02

Italy - 1.14%

8 Fiat Chrysler Automobiles NV 57 0.09


247 Telecom Italia SpA 176 0.29

132 UniCredit SpA 267 0.44

699 1.14

Netherlands - 6.15%

22 Aegon NV 108 0.18

7 Akzo Nobel NV 406 0.66

68 ArcelorMittal 483 0.79


55 ING Groep NV 702 1.15

27 Koninklijke Ahold Delhaize NV 501 0.82

9 Koninklijke DSM NV 493 0.80

31 Koninklijke Philips NV 836 1.36

4 NN Group NV 120 0.20

3,767 6.15

Norway - 1.43%

10 DNB ASA 137 0.22

41 Norsk Hydro ASA 180 0.29


23 Statoil ASA 377 0.62


2 Subsea 7 SA 28 0.05

2 Yara International ASA 78 0.13

875 1.43

Portugal - 0.09%

136 Banco Espirito Santo SA – –

9 EDP Renovaveis SA 52 0.09

52 0.09

Spain - 3.81%

283 Banco de Sabadell SA 333 0.54

– Banco Popular Espanol SA – –

221 Banco Santander SA 952 1.56

81 CaixaBank SA 222 0.36

65 Iberdrola SA 369 0.60

36 Repsol SA 457 0.75

2,333 3.81

Sweden - 4.32%

19 Boliden AB 476 0.78

3 Getinge AB 45 0.07

– ICA Gruppen AB 3 –

3 Millicom International Cellular SA 110 0.18

61 Nordea Bank AB 601 0.98

31 Skandinaviska Enskilda Banken AB 292 0.48

3 Tele2 AB (non-voting rights) 21 0.03

23 Tele2 AB (voting rights) 165 0.27

1 Telefonaktiebolaget LM Ericsson, Class A 4 0.01

European Value Fund



Shares (000's)

Value (000's)

EUR




85 Telefonaktiebolaget LM Ericsson, Class B 411 0.67

86 Telia Co AB 304 0.50

12 Trelleborg AB 216 0.35

2,648 4.32

Switzerland - 14.22%

45 ABB Ltd 871 1.42

5 Adecco Group AG 277 0.45


15 Cie Financiere Richemont SA 934 1.52


30 Credit Suisse Group AG 372 0.61

2 Dufry AG 212 0.35


7 LafargeHolcim Ltd 372 0.61

32 Novartis AG 2,056 3.36

1 Swatch Group AG (BR) 382 0.62

2 Swatch Group AG (REG) 111 0.18

1 Swiss Life Holding AG 163 0.27

11 Swiss Re AG 999 1.63

– Syngenta AG 69 0.11

26 UBS Group AG 391 0.64

4 Zurich Insurance Group AG 987 1.61

8,708 14.22


46 Anglo American PLC 642 1.05

– Antofagasta PLC 1 –

10 Aviva PLC 55 0.09

242 Barclays PLC 615 1.00

42 Barratt Developments PLC 232 0.38

69 BHP Billiton PLC 1,072 1.75

570 BP PLC 3,120 5.09

4 Carnival PLC 199 0.32

1 Coca-Cola European Partners PLC 25 0.04

399 Glencore PLC 1,316 2.15

365 HSBC Holdings PLC 2,733 4.46

126 J Sainsbury PLC 343 0.56

102 Kingfisher PLC 426 0.70

1,238 Lloyds Banking Group PLC 843 1.38

39 Pearson PLC 362 0.59

15 Rio Tinto PLC 556 0.91

56 Royal Bank of Scotland Group PLC 127 0.21

84 Royal Dutch Shell PLC, Class A 2,008 3.28

53 Royal Dutch Shell PLC, Class B 1,322 2.16

29 Royal Mail PLC 159 0.26

59 Standard Chartered PLC 446 0.73

227 Tesco PLC 560 0.91


927 Vodafone Group PLC 2,114 3.45

110 WM Morrison Supermarkets PLC 282 0.46

19,634 32.05


Preferred Stock

Germany - 1.62%

2 Bayerische Motoren Werke AG 140 0.23

3 Porsche Automobil Holding SE 122 0.20


994 1.62


Shares (000's)

Value (000's)

EUR


Rights

Spain

81 CaixaBank SA -Rights 3 –

3 –


Total Investments – 100.42% (30 November 2015: 100.15%) 61,515 100.42 Cash and Cash Equivalents – 0.13% (30 November 2015: 0.30%) 80 0.13 Other Liabilities in Excess of Assets – (0.55)% (30 November 2015: (0.45)%) (340) (0.55)


- Amounts designated as “–“ are either €0, less than €500 or less than 500 shares.



Current Assets 3.70

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Australia - 2.53%

27 Adelaide Brighton Ltd 103 0.01

36 AGL Energy Ltd 553 0.03

8 Ainsworth Game Technology Ltd 10 –

62 Alkane Resources Ltd 15 –

24 ALS Ltd 108 0.01

9 Altium Ltd 54 –

186 Alumina Ltd 226 0.01

19 Amaysim Australia Ltd 27 –

55 Amcor Ltd 583 0.03

236 AMP Ltd 818 0.05

10 Ansell Ltd 175 0.01

2 AP Eagers Ltd 15 –

58 APA Group 341 0.02

26 APN News & Media Ltd 51 –

5 ARB Corp Ltd 66 –

45 Ardent Leisure Group 71 0.01

31 Aristocrat Leisure Ltd 349 0.02

162 Arrium Ltd – –

23 Asaleo Care Ltd 27 –

6 ASX Ltd 211 0.01

4 AUB Group Ltd 27 –

91 Aurizon Holdings Ltd 335 0.02

25 Ausdrill Ltd 22 –

129 AusNet Services 141 0.01

16 Austal Ltd 23 –

83 Australia & New Zealand Banking Group Ltd 1,733 0.10

30 Australian Agricultural Co Ltd 36 –

35 Australian Pharmaceutical Industries Ltd 50 –

7 Australian Property Systems Ltd 27 –

14 Automotive Holdings Group Ltd 38 –

28 Aveo Group 63 –

36 AWE Ltd 16 –

31 Bank of Queensland Ltd 258 0.02

13 Bapcor Ltd 47 –

154 Beach Energy Ltd 92 0.01

53 Beadell Resources Ltd 13 –

3 Bega Cheese Ltd 12 –

3 Bellamy's Australia Ltd 28 –

36 Bendigo & Adelaide Bank Ltd 325 0.02

161 BHP Billiton Ltd 3,011 0.18

8 Billabong International Ltd 7 –

1 Blackmores Ltd 96 0.01

63 BlueScope Steel Ltd 417 0.03

27 Boral Ltd (Insto entitlement) 102 0.01

8 Boral Ltd (Insto placement) 28 –

61 Boral Ltd (NPV placement) 226 0.01

7 Bradken Ltd 16 –

75 Brambles Ltd 651 0.04

5 Breville Group Ltd 33 –

5 Brickworks Ltd 44 –

9 BT Investment Management Ltd 73 0.01

8 Cabcharge Australia Ltd 22 –

13 Caltex Australia Ltd 297 0.02

13 Cardno Ltd 9 –

12 carsales.com Ltd 97 0.01

13 Cash Converters International Ltd 3 –

5 Cedar Woods Properties Ltd 17 –

42 Challenger Ltd 328 0.02

6 Charter Hall Office – –

5 CIMIC Group Ltd 121 0.01

155 Cleanaway Waste Management Ltd 127 0.01

35 Coca-Cola Amatil Ltd 250 0.02

Shares (000's)

Value (000's)

USD



Australia - 2.53% (continued)

3 Cochlear Ltd 307 0.02

8 Collection House Ltd 8 –

9 Collins Foods Ltd 38 –

55 Commonwealth Bank of Australia 3,194 0.19

28 Computershare Ltd 243 0.02

4 Corporate Travel Management Ltd 48 –

14 Costa Group Holdings Ltd 32 –

12 Cover-More Group Ltd 11 –

5 Credit Corp Group Ltd 63 –

15 Crown Resorts Ltd 134 0.01

26 CSG Ltd 13 –

15 CSL Ltd 1,071 0.06

51 CSR Ltd 153 0.01

12 CuDeco Ltd 4 –

4 Decmil Group Ltd 3 –

4 Domino's Pizza Enterprises Ltd 192 0.01

76 Donaco International Ltd 23 –

35 Doray Minerals Ltd 13 –

36 Downer EDI Ltd 148 0.01

170 Duet Group 299 0.02

22 DuluxGroup Ltd 96 0.01

12 Eclipx Group Ltd 34 –

13 Elders Ltd 38 –

21 Energy Resources of Australia Ltd 5 –

47 Energy World Corp Ltd 9 –

1 EQT Holdings Ltd 18 –

20 ERM Power Ltd 16 –

7 Estia Health Ltd 14 –

7 Event Hospitality and Entertainment Ltd 76 0.01

97 Evolution Mining Ltd 136 0.01

208 Fairfax Media Ltd 124 0.01

2 Fleetwood Corp Ltd 2 –

27 FlexiGroup Ltd 45 –

3 Flight Centre Travel Group Ltd 67 –

137 Fortescue Metals Group Ltd 588 0.04

20 G8 Education Ltd 47 –

17 Gateway Lifestyle 28 –

17 GrainCorp Ltd 107 0.01

6 Greencross Ltd 28 –

7 GUD Holdings Ltd 56 –

18 GWA Group Ltd 37 –

16 Hansen Technologies Ltd 51 –

37 Harvey Norman Holdings Ltd 132 0.01

84 Healthscope Ltd 139 0.01

19 HFA Holdings Ltd 31 –

7 Hills Ltd 2 –

23 Iluka Resources Ltd 103 0.01

15 IMF Bentham Ltd 19 –

140 Incitec Pivot Ltd 325 0.02

35 Independence Group NL 110 0.01

65 Infigen Energy 43 –

25 Infomedia Ltd 13 –

86 Insurance Australia Group Ltd 355 0.02

7 InvoCare Ltd 70 0.01

14 IOOF Holdings Ltd 92 0.01

9 IRESS Ltd 76 0.01

9 iSelect Ltd 12 –

10 iSentia Group Ltd 19 –

24 James Hardie Industries PLC 366 0.02

28 Japara Healthcare Ltd 40 –

7 JB Hi-Fi Ltd 138 0.01




Shares (000's)

Value (000's)

USD




16 Karoon Gas Australia Ltd 22 –

2 Kingsgate Consolidated Ltd – –

18 LendLease Group 182 0.01

139 Lynas Corp Ltd 7 –

8 MACA Ltd 9 –

18 Macquarie Atlas Roads Group 63 –

19 Macquarie Group Ltd 1,147 0.07

6 Magellan Financial Group Ltd 108 0.01

11 Mantra Group Ltd 25 –

47 Mayne Pharma Group Ltd 55 –

3 McMillan Shakespeare Ltd 20 –

161 Medibank Pvt Ltd 308 0.02

3 Medusa Mining Ltd 1 –

12 Mesoblast Ltd 11 –

46 Metals X Ltd 21 –

87 Metcash Ltd 133 0.01

18 Mineral Resources Ltd 166 0.01

23 MMA Offshore Ltd 5 –

8 Monadelphous Group Ltd 66 –

22 Monash IVF Group Ltd 31 –

28 Mount Gibson Iron Ltd 7 –

79 Myer Holdings Ltd 75 0.01

11 MYOB Group Ltd 28 –

8 MyState Ltd 25 –

107 National Australia Bank Ltd 2,276 0.13

14 Navitas Ltd 54 –

14 NetComm Wireless Ltd 24 –

11 New Hope Corp Ltd 13 –

42 New South Resources Ltd 47 –

15 Newcrest Mining Ltd 207 0.01

12 NEXTDC Ltd 28 –

31 nib holdings Ltd 113 0.01

42 Nine Entertainment Co Holdings Ltd 29 –

28 Northern Star Resources Ltd 72 0.01

70 NRW Holdings Ltd 28 –

6 Nufarm Ltd 37 –

14 OFX Group Ltd 17 –

56 Oil Search Ltd 271 0.02

9 oOh!media Ltd 28 –

30 Orica Ltd 380 0.02

84 Origin Energy Ltd 369 0.02

76 Orora Ltd 156 0.01

28 OZ Minerals Ltd 162 0.01

8 Pact Group Holdings Ltd 38 –

139 Paladin Energy Ltd 8 –

44 Peet Ltd 31 –

3 Perpetual Ltd 94 0.01

67 Perseus Mining Ltd 28 –

16 Platinum Asset Management Ltd 66 –

16 PMP Ltd 10 –

5 Premier Investments Ltd 55 –

52 Primary Health Care Ltd 141 0.01

15 Prime Media Group Ltd 3 –

20 Programmed Maintenance Services Ltd 24 –

37 Qantas Airways Ltd 90 0.01

64 QBE Insurance Group Ltd 527 0.03

55 Qube Holdings Ltd 96 0.01

106 Ramelius Resources Ltd 39 –

6 Ramsay Health Care Ltd 318 0.02

7 RCR Tomlinson Ltd 13 –

4 REA Group Ltd 136 0.01

– Reece Ltd 10 –

Shares (000's)

Value (000's)

USD




5 Regis Healthcare Ltd 14 –

42 Regis Resources Ltd 88 0.01

4 Reject Shop Ltd 22 –

114 Resolute Mining Ltd 102 0.01

8 Retail Food Group Ltd 35 –

16 Ridley Corp Ltd 14 –

13 Rio Tinto Ltd 545 0.03

20 SAI Global Ltd 69 –

10 Sandfire Resources NL 44 –

83 Santos Ltd 244 0.02

55 Saracen Mineral Holdings Ltd 38 –

20 Seek Ltd 220 0.01

5 Select Harvests Ltd 25 –

53 Senex Energy Ltd 10 –

50 Service Stream Ltd 35 –

10 Seven Group Holdings Ltd 61 –

73 Seven West Media Ltd 37 –

98 Sigma Pharmaceuticals Ltd 89 0.01

109 Silver Lake Resources Ltd 47 –

15 Sims Metal Management Ltd 137 0.01

137 Sino Gas & Energy Holdings Ltd 11 –

3 Sirtex Medical Ltd 60 –

19 Slater & Gordon Ltd 5 –

12 SMS Management & Technology Ltd 11 –

17 Sonic Healthcare Ltd 277 0.02

250 South32 Ltd 496 0.03

68 Southern Cross Media Group Ltd 67 –

121 Spark Infrastructure Group 200 0.01

6 SpeedCast International Ltd 14 –

75 Spotless Group Holdings Ltd 51 –

65 St Barbara Ltd 104 0.01

61 Star Entertainment Grp Ltd 237 0.01

47 Steadfast Group Ltd 72 0.01

60 Suncorp Group Ltd 554 0.03

34 Sundance Energy Australia Ltd 4 –

7 Super Retail Group Ltd 49 –

62 Sydney Airport 286 0.02

11 Syrah Resources Ltd 23 –

48 Tabcorp Holdings Ltd 166 0.01

14 Tassal Group Ltd 41 –

95 Tatts Group Ltd 292 0.02

16 Technology One Ltd 68 –

126 Telstra Corp Ltd 471 0.03

14 Ten Network Holdings Ltd 10 –

21 TFS Corp Ltd 24 –

13 Thorn Group Ltd 16 –

13 Tox Free Solutions Ltd 22 –

17 TPG Telecom Ltd 90 0.01

63 Transurban Group 486 0.03

55 Treasury Wine Estates Ltd 435 0.03

93 Troy Resources Ltd 19 –

10 UGL Ltd 23 –

7 Village Roadshow Ltd 24 –

48 Virgin Australia Holdings Ltd 8 –

5 Virtus Health Ltd 23 –

8 Vita Group Ltd 18 –

37 Vocus Communications Ltd 114 0.01

2 Webjet Ltd 12 –

37 Wesfarmers Ltd 1,130 0.07

16 Western Areas Ltd 35 –

23 Westgold Resources Ltd 23 –

114 Westpac Banking Corp 2,641 0.16

39 Whitehaven Coal Ltd 77 0.01




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23 Woodside Petroleum Ltd 513 0.03

42 Woolworths Ltd 702 0.04

21 WorleyParsons Ltd 139 0.01

32 WPP AUNZ Ltd 22 –

43,362 2.53

Austria - 0.17%

– Agrana Beteiligungs AG 6 –


16 Atrium European Real Estate Ltd 64 –

1 Austria Technologie & Systemtechnik AG 15 –

5 Buwog AG 109 0.01



1 DO & CO AG 31 –


3 EVN AG 30 –


– Lenzing AG 53 –

1 Mayr Melnhof Karton AG 63 –

– Oberbank AG 15 –

1 Oesterreichische Post AG 43 –

9 OMV AG 294 0.02

1 Palfinger AG 25 –

1 Porr Ag 34 –


1 RHI AG 27 –

– Rosenbauer International AG 17 –

4 S IMMO AG 39 –

– Schoeller-Bleckmann Oilfield Equipment AG 24 –

1 Semperit AG Holding 32 –

1 Strabag SE 38 –

6 Telekom Austria AG 36 –



3 Verbund AG 50 –




1 Zumtobel Group AG 18 –

2,913 0.17

Belgium - 0.47%

2 Ablynx NV 20 –


15 Ageas 576 0.03


26 Anheuser-Busch InBev SA 2,695 0.16

– Atenor 12 –

– Banque Nationale de Belgique 57 –

1 Barco NV 69 –


7 bpost SA 159 0.01

1 Celyad SA 10 –

– Cie d'Entreprises CFE 49 –

– Cie Immobiliere de Belgique SA 10 –



4 Deceuninck NV 9 –

5 Econocom Group SA 71 –


9 Euronav NV 69 –

1 EVS Broadcast Equipment SA 38 –

1 Exmar NV 10 –

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2 Fagron 17 –


2 Gimv NV 109 0.01

1 Ion Beam Applications 50 –

10 KBC Group NV 601 0.04

1 Kinepolis Group NV 35 –

– Lotus Bakeries 51 –

1 Melexis NV 53 –

7 Nyrstar NV 47 –


3 Orange Belgium SA 59 –


5 Recticel SA 28 –

– Resilux 18 –

1 Sioen Industries NV 39 –

– Sipef SA 28 –




2 ThromboGenics NV 5 –

5 UCB SA 332 0.02


– Van de Velde NV 33 –

1 Viohalco SA 2 –

8,111 0.47

Canada - 3.63%

5 Absolute Software Corp 25 –

1 Acadian Timber Corp 13 –

13 Advantage Oil & Gas Ltd 94 0.01

5 Aecon Group Inc 55 –

24 Africa Oil Corp 34 –

1 Ag Growth International Inc 35 –

11 AGF Management Ltd 43 –

10 Agnico Eagle Mines Ltd 411 0.02

7 Agrium Inc 688 0.04

1 AGT Food & Ingredients Inc 30 –

11 Aimia Inc 66 –

4 Air Canada 43 –

2 AirBoss of America Corp 16 –

18 Alacer Gold Corp 34 –

24 Alamos Gold Inc 156 0.01

4 Alaris Royalty Corp 66 –

2 Algoma Central Corp 19 –

17 Algonquin Power & Utilities Corp 144 0.01

13 Alimentation Couche-Tard Inc 604 0.04

14 AltaGas Ltd 346 0.02

4 Altius Minerals Corp 34 –

2 Altus Group Ltd 34 –

8 Amaya Inc 111 0.01

5 Andrew Peller Ltd 40 –

18 ARC Resources Ltd 309 0.02

21 Argonaut Gold Inc 39 –

14 Asanko Gold Inc 50 –

5 Atco Ltd 175 0.01

50 Athabasca Oil Corp 51 –

6 ATS Automation Tooling Systems Inc 44 –

9 AuRico Metals Inc 7 –

3 AutoCanada Inc 38 –

1 Avigilon Corp 10 –

79 B2Gold Corp 191 0.01

2 Badger Daylighting Ltd 35 –

28 Bank of Montreal 1,866 0.11

36 Bank of Nova Scotia 1,996 0.12




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Canada - 3.63% (continued)

5 Banro Corp 1 –

22 Barrick Gold Corp 328 0.02

18 Baytex Energy Corp 77 0.01

7 BCE Inc 310 0.02

9 Bellatrix Exploration Ltd 7 –

8 Birchcliff Energy Ltd 56 –

2 Bird Construction Inc 14 –

1 Black Diamond Group Ltd 4 –

34 BlackBerry Ltd 264 0.02

44 BlackPearl Resources Inc 58 –

111 Bombardier Inc 155 0.01

23 Bonavista Energy Corp 78 0.01

4 Bonterra Energy Corp 73 –

5 Boralex Inc 60 –

27 Brookfield Asset Management Inc 887 0.05

3 BRP Inc 57 –

20 CAE Inc 288 0.02

4 Calfrac Well Services Ltd 11 –

1 Calian Group Ltd 9 –

1 Callidus Capital Corp 15 –

25 Cameco Corp 227 0.01

13 Canaccord Genuity Group Inc 40 –

14 Canacol Energy Ltd 47 –

6 Canadian Energy Services & Technology Corp 33 –

16 Canadian Imperial Bank of Commerce 1,228 0.07

24 Canadian National Railway Co 1,578 0.09

47 Canadian Natural Resources Ltd 1,593 0.09

4 Canadian Pacific Railway Ltd 666 0.04

4 Canadian Tire Corp Ltd 454 0.03

7 Canadian Utilities Ltd 181 0.01

9 Canadian Western Bank 188 0.01

3 Canam Group Inc 21 –

11 Canexus Corp 12 –

7 Canfor Corp 72 –

3 Canfor Pulp Products Inc 22 –

6 CanWel Building Materials Group Ltd 25 –

5 Canyon Services Group Inc 21 –

7 Capital Power Corp 129 0.01

65 Capstone Mining Corp 50 –

8 Cascades Inc 71 –

2 CCL Industries Inc 271 0.02

11 Celestica Inc 134 0.01

39 Cenovus Energy Inc 596 0.04

18 Centerra Gold Inc 95 0.01

13 Cequence Energy Ltd 2 –

1 Cervus Equipment Corp 8 –

9 CGI Group Inc 435 0.03

12 Chartwell Retirement Residences 131 0.01

30 China Gold International Resources Corp Ltd 62 –

11 CI Financial Corp 225 0.01

4 Cineplex Inc 133 0.01

2 Clearwater Seafoods Inc 20 –

1 Cogeco Communications Inc 62 –

1 Cogeco Inc 46 –

2 Colliers International Group Inc 70 –

5 Computer Modelling Group Ltd 31 –

2 Concordia International Corp 6 –

1 Constellation Software Inc 424 0.03

11 Continental Gold Inc 28 –

10 Copper Mountain Mining Corp 6 –

13 Corus Entertainment Inc 116 0.01

11 Cott Corp 126 0.01

30 Crescent Point Energy Corp 376 0.02

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15 Crew Energy Inc 85 0.01

7 CRH Medical Corp 38 –

7 Delphi Energy Corp 7 –

82 Denison Mines Corp 35 –

3 Descartes Systems Group Inc 64 –

12 Detour Gold Corp 153 0.01

7 DH Corp 96 0.01

23 DHX Media Ltd 120 0.01

6 Dollarama Inc 410 0.02

6 Dominion Diamond Corp 56 –

3 Dorel Industries Inc 84 0.01

15 Dundee Precious Metals Inc 24 –

3 Eastern Platinum Ltd 1 –

18 ECN Capital Corp 41 –

55 Eldorado Gold Corp 152 0.01

30 Element Fleet Management Corp 247 0.02

3 Emera Inc 87 0.01

14 Empire Co Ltd 193 0.01

27 Enbridge Inc 1,146 0.07

9 Enbridge Income Fund Holdings Inc 237 0.01

38 Encana Corp 471 0.03

7 Endeavour Mining Corp 103 0.01

8 Enercare Inc 104 0.01

7 Enerflex Ltd 90 0.01

2 Enghouse Systems Ltd 64 –

11 Ensign Energy Services Inc 73 –

1 Equitable Group Inc 27 –

9 Essential Energy Services Ltd 4 –

1 Evertz Technologies Ltd 8 –

2 Exchange Income Corp 63 –

4 Exco Technologies Ltd 30 –

4 Extendicare Inc 27 –

1 Fairfax Financial Holdings Ltd 540 0.03

3 Fiera Capital Corp 28 –

14 Finning International Inc 275 0.02

2 Firm Capital Mortgage Investment Corp 20 –

10 First Capital Realty Inc 149 0.01

7 First Majestic Silver Corp 62 –

1 First National Financial Corp 24 –

52 First Quantum Minerals Ltd 589 0.04

2 FirstService Corp 86 0.01

15 Fortis Inc (Canada listing) 450 0.03

7 Fortis Inc (US listing) 209 0.01

13 Fortuna Silver Mines Inc 77 0.01

4 Franco-Nevada Corp 232 0.01

8 Freehold Royalties Ltd 80 0.01

4 Genworth MI Canada Inc 101 0.01

3 George Weston Ltd 256 0.02

5 Gibson Energy Inc 63 –

9 Gildan Activewear Inc 256 0.02

1 Gluskin Sheff + Associates Inc 13 –

2 GMP Capital Inc 7 –

34 Goldcorp Inc 452 0.03

49 Golden Star Resources Ltd 42 –

29 Gran Tierra Energy Inc 82 0.01

2 Granite Oil Corp 8 –

3 Great Canadian Gaming Corp 54 –

7 Great-West Lifeco Inc 185 0.01

2 Guardian Capital Group Ltd 34 –

3 Guyana Goldfields Inc 11 –

2 Heroux-Devtek Inc 28 –

1 High Liner Foods Inc 20 –

6 Home Capital Group Inc 136 0.01




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19 Horizon North Logistics Inc 26 –

18 HudBay Minerals Inc 123 0.01

6 Hudson's Bay Co 69 –

13 Husky Energy Inc 151 0.01

42 IAMGOLD Corp 152 0.01

6 IGM Financial Inc 161 0.01

3 IMAX Corp 83 0.01

2 Imperial Metals Corp 9 –

6 Imperial Oil Ltd 197 0.01 9

Industrial Alliance Insurance & Financial Services Inc 373 0.02

6 Innergex Renewable Energy Inc 63 –

5 Intact Financial Corp 353 0.02

16 Inter Pipeline Ltd 334 0.02

6 Interfor Corp 67 –

4 Intertain Group Ltd 28 –

5 Intertape Polymer Group Inc 85 0.01

40 Ithaca Energy Inc 45 –

63 Ivanhoe Mines Ltd 112 0.01

4 Jean Coutu Group PJC Inc 65 –

8 Just Energy Group Inc 41 –

– K-Bro Linen Inc 11 –

1 Kelt Exploration Ltd 3 –

11 Keyera Corp 321 0.02

122 Kinross Gold Corp 402 0.02

7 Kirkland Lake Gold Inc 41 –

17 Klondex Mines Ltd 84 0.01

10 Knight Therapeutics Inc 81 0.01

7 Labrador Iron Ore Royalty Corp 89 0.01

3 Laurentian Bank of Canada 109 0.01

2 Leon's Furniture Ltd 31 –

5 Linamar Corp 196 0.01

1 Liquor Stores NA Ltd 11 –

5 Loblaw Cos Ltd 272 0.02

26 Lucara Diamond Corp 63 –

55 Lundin Mining Corp 270 0.02

2 MacDonald Dettwiler & Associates Ltd 109 0.01

2 Magellan Aerospace Corp 33 –

16 Magna International Inc 632 0.04

– Mainstreet Equity Corp 10 –

8 Major Drilling Group International Inc 36 –

24 Mandalay Resources Corp 12 –

3 Manitoba Telecom Services Inc 81 0.01

53 Manulife Financial Corp 917 0.05

7 Maple Leaf Foods Inc 159 0.01

7 Martinrea International Inc 37 –

3 Medical Facilities Corp 38 –

11 MEG Energy Corp 53 –

2 Melcor Developments Ltd 16 –

13 Merus Labs International Inc 13 –

7 Methanex Corp 294 0.02

13 Metro Inc 401 0.02

10 Mitel Networks Corp 70 –

– Morguard Corp 52 –

3 Morneau Shepell Inc 42 –

1 MTY Food Group Inc 34 –

7 Mullen Group Ltd 94 0.01

25 National Bank of Canada 943 0.06

18 Nevsun Resources Ltd 59 –

3 New Flyer Industries Inc 90 0.01

48 New Gold Inc 172 0.01

3 Newalta Corp 4 –

3 Norbord Inc 73 –

3 North American Energy Partners Inc 12 –

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3 North West Co Inc 62 –

9 Northern Blizzard Resources Inc 24 –

24 Northern Dynasty Minerals Ltd 28 –

7 Northland Power Inc 118 0.01

11 NuVista Energy Ltd 58 –

49 OceanaGold Corp 136 0.01

5 Onex Corp 323 0.02

6 Open Text Corp 357 0.02

8 Osisko Gold Royalties Ltd 78 0.01

12 Painted Pony Petroleum Ltd 87 0.01

13 Pan American Silver Corp 212 0.01

2 Paramount Resources Ltd 21 –

10 Parex Resources Inc 127 0.01

5 Parkland Fuel Corp 106 0.01

5 Pason Systems Inc 54 –

11 Pembina Pipeline Corp 328 0.02

38 Pengrowth Energy Corp 57 –

41 Penn West Petroleum Ltd 71 –

10 Peyto Exploration & Development Corp 251 0.02

2 PHX Energy Services Corp 5 –

26 Pine Cliff Energy Ltd 22 –

2 Pizza Pizza Royalty Corp 19 –

6 Platinum Group Metals Ltd 10 –

61 Potash Corp of Saskatchewan Inc 1,107 0.07

1 PrairieSky Royalty Ltd 23 –

28 Precision Drilling Corp 150 0.01

1 Premium Brands Holdings Corp 53 –

9 Pretium Resources Inc 81 0.01

9 Primero Mining Corp 8 –

2 QLT Inc 4 –

5 Quebecor Inc 136 0.01

12 Raging River Exploration Inc 96 0.01

4 Reitmans Canada Ltd 22 –

7 Restaurant Brands International Inc 321 0.02

4 Richelieu Hardware Ltd 78 0.01

6 Richmont Mines Inc 40 –

7 Ritchie Bros Auctioneers Inc 262 0.02

7 RMP Energy Inc 4 –

10 Rogers Communications Inc 370 0.02

10 Rogers Sugar Inc 47 –

45 Royal Bank of Canada (Canada listing) 2,907 0.17

5 Royal Bank of Canada (US listing) 295 0.02

5 Russel Metals Inc 98 0.01

26 Sabina Gold & Silver Corp 18 –

16 Sandstorm Gold Ltd 58 –

9 Sandvine Corp 20 –

10 Saputo Inc 352 0.02

8 Savanna Energy Services Corp 10 –

3 Seabridge Gold Inc 25 –

1 Sears Canada Inc (Canada listing) 2 –

2 Sears Canada Inc (US listing) 3 –

11 Secure Energy Services Inc 79 0.01

23 SEMAFO Inc 70 –

9 Seven Generations Energy Ltd 212 0.01

26 Shaw Communications Inc 501 0.03

4 ShawCor Ltd 94 0.01

22 Sherritt International Corp 20 –

2 Sienna Senior Living Inc 18 –

3 Sierra Wireless Inc 50 –

10 Silver Standard Resources Inc 99 0.01

14 Silver Wheaton Corp 257 0.02

9 SNC-Lavalin Group Inc 396 0.02

30 Spartan Energy Corp 74 0.01




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8 Sprott Inc 15 –

11 Sprott Resource Corp 4 –

7 Stantec Inc 200 0.01

3 Stella-Jones Inc 94 0.01

59 Stornoway Diamond Corp 45 –

5 Student Transportation Inc 28 –

16 Sun Life Financial Inc 605 0.04

52 Suncor Energy Inc 1,664 0.10

8 SunOpta Inc 56 –

11 Superior Plus Corp 102 0.01

20 Surge Energy Inc 41 –

24 Tahoe Resources Inc 235 0.01

15 Taseko Mines Ltd 10 –

26 Teck Resources Ltd 667 0.04

3 TELUS Corp 97 0.01

4 Tembec Inc 5 –

60 Teranga Gold Corp 37 –

14 Theratechnologies Inc 31 –

11 Thomson Reuters Corp 469 0.03

7 Timmins Gold Corp 2 –

2 TMX Group Ltd 82 0.01

13 TORC Oil & Gas Ltd 82 0.01

5 Torex Gold Resources Inc 77 0.01

4 Toromont Industries Ltd 144 0.01

57 Toronto-Dominion Bank 2,688 0.16

3 Torstar Corp 4 –

2 Total Energy Services Inc 19 –

11 Tourmaline Oil Corp 301 0.02

28 TransAlta Corp 154 0.01

6 TransAlta Renewables Inc 63 –

21 TransCanada Corp 949 0.06

5 Transcontinental Inc 71 –

7 TransForce Inc 170 0.01

8 TransGlobe Energy Corp 14 –

27 Trevali Mining Corp 27 –

23 Trican Well Service Ltd 63 –

4 Trilogy Energy Corp 18 –

14 Trinidad Drilling Ltd 29 –

43 Turquoise Hill Resources Ltd 145 0.01

3 Uni-Select Inc 74 0.01

22 Valeant Pharmaceuticals International Inc 350 0.02

2 Valener Inc 36 –

23 Veresen Inc 213 0.01

5 Vermilion Energy Inc 191 0.01

3 Wajax Corp 45 –

10 Waste Connections Inc 795 0.05

5 West Fraser Timber Co Ltd 185 0.01

5 Western Energy Services Corp 9 –

18 Western Forest Products Inc 25 –

1 WestJet Airlines Ltd 16 –

4 Westport Fuel Systems Inc 6 –

4 Westshore Terminals Investment Corp 78 0.01

31 Whitecap Resources Inc 280 0.02

13 Wi-LAN Inc 17 –

2 Winpak Ltd 59 –

6 WSP Global Inc 212 0.01

2 Xtreme Drilling Corp 5 –

74 Yamana Gold Inc 222 0.01

2 Yellow Pages Ltd 30 –

62,050 3.63



16 Hua Hong Semiconductor Ltd 18 –

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93 K Wah International Holdings Ltd 48 0.01

50 Lifestyle China Group Ltd 13 –

170 United Photovoltaics Group Ltd 15 –

108 0.01

Denmark - 0.60%

1 ALK-Abello AS 75 –

7 Alm Brand AS 49 –

1 Ambu AS 57 –

– AP Moller - Maersk AS, Class A 158 0.01

– AP Moller - Maersk AS, Class B 202 0.01

3 Bang & Olufsen AS 34 –

2 Bavarian Nordic AS 49 –


6 Chr Hansen Holding AS 340 0.02

4 Coloplast AS 232 0.01

3 D/S Norden AS 51 –


3 Dfds AS 119 0.01

13 DSV AS 600 0.04


3 Genmab AS 430 0.03



3 H+H International AS 24 –

1 IC Group AS 19 –

10 ISS AS 328 0.02

– Jeudan AS 11 –


4 Matas AS 50 –


1 NNIT AS 18 –

2 Nordjyske Bank AS 22 –

60 Novo Nordisk AS 2,023 0.12

13 Novozymes AS 425 0.03

6 Pandora AS 746 0.04

2 Per Aarsleff Holding AS 51 –

– Ringkjoebing Landbobank AS 90 0.01

– Rockwool International AS, Class A 27 –





– Solar AS 19 –



69 TDC AS 351 0.02

– Tivoli AS 3 –


10 Tryg AS 185 0.01

– United International Enterprises 24 –



1 Zealand Pharma AS 22 –

10,274 0.60

Finland - 0.48%

1 Ahlstrom Oyj 8 –

1 Aktia Bank Oyj 12 –


4 Aspo Oyj 28 –

– BasWare Oyj 13 –

4 Bittium Oyj 25 –


6 Caverion Corp 41 –




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Finland - 0.48% (continued)


3 Cramo Oyj 80 0.01


10 F-Secure Oyj 33 –

8 Finnair Oyj 34 –

2 Fiskars Oyj Abp 33 –


5 HKScan Oyj 15 –





15 Kone Oyj 662 0.04

2 Konecranes OYJ 85 0.01

2 Lassila & Tikanoja Oyj 41 –

1 Lemminkainen Oyj 21 –


6 Metso Oyj 181 0.01

– Munksjo Oyj 2 –

11 Neste Oyj 446 0.03

130 Nokia Oyj 559 0.03


1 Olvi Oyj 31 –

11 Oriola-KD Oyj 51 –

1 Orion Oyj, Class A 61 –

6 Orion Oyj, Class B 268 0.02


11 Outotec Oyj 56 –

2 PKC Group Oyj 38 –

1 Ponsse Oy 30 –

9 Raisio Oyj 34 –

5 Ramirent Oyj 39 –

17 Sampo Oyj 736 0.04

7 Sanoma Oyj 56 –

13 Sponda Oyj 54 –

3 Stockmann Oyj Abp 21 –


13 Talvivaara Mining Co PLC – –

11 Technopolis Oyj 35 –

3 Tieto Oyj 74 0.01

3 Tikkurila Oyj 52 –



– Vaisala Oyj 13 –


9 Wartsila Oyj Abp 396 0.02

8 YIT Oyj 61 –

8,129 0.48

France - 2.86%

3 ABC arbitrage 28 –

12 Accor SA 437 0.03

2 Aeroports de Paris 153 0.01

10 Air France-KLM 56 –

12 Air Liquide SA 1,267 0.08

17 Airbus Group SE 1,058 0.06

1 Akka Technologies 22 –

1 Albioma SA 18 –

11 Alstom SA 286 0.02

2 Altamir 19 –

2 Alten SA 104 0.01


– APRIL SA 5 –


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1 Assystem 34 –

6 Atos SE 657 0.04

51 AXA SA 1,205 0.07

– Axway Software SA 14 –

2 Beneteau SA 29 –


35 BNP Paribas SA 2,018 0.12

– Boiron SA 32 –

– Bollore SA (non-voting rights) 1 –

55 Bollore SA(voting rights) 181 0.01

1 Bonduelle SCA 30 –

2 Bourbon Corp 25 –


17 Bureau Veritas SA 326 0.02

– Burelle SA 28 –

6 Capgemini SA 484 0.03

42 Carrefour SA 977 0.06


1 Cegedim SA 16 –

1 Cegid Group – –

2 CGG SA 34 –

3 Chargeurs SA 57 –

2 Christian Dior SE 366 0.02


2 Cie des Alpes 29 –

14 Cie Generale des Etablissements Michelin 1,466 0.09



8 Coface SA 44 –


17 Danone SA 1,041 0.06

– Dassault Aviation SA 61 –

6 Dassault Systemes 430 0.03

8 Derichebourg SA 24 –

1 Devoteam SA 36 –

15 Edenred 309 0.02

5 Eiffage SA 315 0.02



2 Elis SA 36 –

55 Engie SA 678 0.04

– Eramet 26 –

7 Essilor International SA 792 0.05

– Esso SA Francaise 17 –

13 Etablissements Maurel et Prom 55 –


– Eurofins Scientific SE 210 0.01


12 Eutelsat Communications SA 219 0.01

– Faiveley Transport SA 34 –

5 Faurecia 182 0.01

1 Gaztransport Et Technigaz SA 38 –

1 GL Events 22 –

– Groupe Crit 32 –


1 Groupe Fnac SA (France listing) 79 0.01

1 Groupe Fnac SA (UK listing) 79 0.01

– Guerbet 22 –

2 Haulotte Group SA 22 –

10 Havas SA 77 0.01

1 Hermes International 312 0.02

– ID Logistics Group 33 –

1 Iliad SA 246 0.02




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1 Imerys SA 67 –

3 Ingenico Group SA 241 0.02

1 Interparfums SA 20 –

2 Ipsen SA 126 0.01

3 IPSOS 79 0.01

1 Jacquet Metal Service 21 –

5 JCDecaux SA 131 0.01

2 Kering 361 0.02

4 Korian SA 104 0.01

6 L'Oreal SA 1,072 0.06


1 Le Noble Age 25 –

2 Lectra 33 –

11 Legrand SA 639 0.04

1 LISI 34 –

10 LVMH Moet Hennessy Louis Vuitton SE 1,746 0.10

1 Manitou BF SA 24 –

– Manutan International 10 –

1 Mersen SA 18 –


1 MGI Coutier 32 –

44 Natixis SA 219 0.01

1 Naturex 48 –




3 Nicox 25 –

2 NRJ Group 14 –

3 Oeneo SA 28 –

4 Onxeo SA 9 –

98 Orange SA 1,427 0.08

2 Orpea 146 0.01

4 Pernod Ricard SA 408 0.03


– Pierre & Vacances SA 14 –

10 Publicis Groupe SA 642 0.04

2 Rallye SA 30 –

1 Remy Cointreau SA 51 –


25 Rexel SA 394 0.02

1 Rothschild & Co 21 –


11 Safran SA 789 0.05

25 Sanofi 2,042 0.12


– Savencia SA 20 –

12 Schneider Electric SE 831 0.05

13 SCOR SE 403 0.02

2 SEB SA 207 0.01

5 Sequana SA 7 –

10 SES SA 222 0.01

6 SFR Group SA 139 0.01

1 Societe BIC SA 191 0.01

24 Societe Generale SA 1,014 0.06

5 Sodexo SA 504 0.03

2 Solocal Group 7 –

– Somfy SA 34 –


2 SPIE SA 33 –

1 Stallergenes Greer PLC 24 –

7 Ste Industrielle d'Aviation Latecoere SA 25 –

– Stef SA 10 –


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23 Suez 314 0.02

– Sword Group 12 –

1 Synergie SA 18 –

1 Tarkett SA 46 –


10 Technip SA 688 0.04


7 Television Francaise 1 61 –

5 Thales SA 498 0.03

– Thermador Groupe 20 –

– Total Gabon 6 –

97 Total SA 4,612 0.27

1 Trigano SA 40 –


12 Valeo SA 663 0.04


25 Veolia Environnement SA 428 0.03

– Vetoquinol SA 20 –

2 Vicat SA 88 0.01

– Vilmorin & Cie SA 26 –

17 Vinci SA 1,073 0.06

– Virbac SA 36 –


1 Worldline SA 37 –

9 Zodiac Aerospace 197 0.01

48,875 2.86

Germany - 2.74%


8 adidas AG 1,130 0.07

2 ADLER Real Estate AG 29 –

4 ADVA Optical Networking SE 29 –

7 Aixtron SE 29 –

12 Allianz SE 1,915 0.11

– Amadeus Fire AG 22 –



44 BASF SE 3,841 0.23

– Bauer AG 5 –

25 Bayer AG 2,390 0.14

18 Bayerische Motoren Werke AG 1,508 0.09

2 BayWa AG 49 –

1 Bechtle AG 59 –

2 Beiersdorf AG 182 0.01

– Bertrandt AG 46 –

– Bijou Brigitte AG 13 –


1 Biotest AG 11 –

8 Borussia Dortmund GmbH & Co KGaA 39 –

1 BRAAS Monier Building Group SA 25 –

9 Brenntag AG 499 0.03

1 CANCOM SE 38 –

2 Carl Zeiss Meditec AG 54 –

2 CENTROTEC Sustainable AG 32 –

– Cewe Stiftung & Co KGAA 33 –

1 Clere AG 10 –

2 Comdirect Bank AG 20 –


1 CompuGroup Medical SE 48 –

9 Constantin Medien AG 18 –

4 Continental AG 744 0.04

4 Covestro AG 252 0.02

2 CropEnergies AG 9 –





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47 Daimler AG 3,095 0.18


1 Deutsche Beteiligungs AG 31 –

8 Deutsche Boerse AG 678 0.04



4 Deutsche Pfandbriefbank AG 39 –

32 Deutsche Post AG 1,014 0.06

156 Deutsche Telekom AG 2,453 0.14

21 Deutsche Wohnen AG 654 0.04

11 Deutz AG 62 –


3 DIC Asset AG 24 –


– Draegerwerk AG & Co KGaA 10 –


2 Duerr AG 135 0.01

156 E.ON SE 1,025 0.06

1 Elmos Semiconductor AG 10 –

2 ElringKlinger AG 32 –

3 Evonik Industries AG 76 0.01

4 Evotec AG 26 –




6 Fresenius Medical Care AG & Co KGaA 441 0.03

15 Fresenius SE & Co KGaA 1,070 0.06

2 Fuchs Petrolub SE 71 –

8 GEA Group AG 313 0.02


1 Gerry Weber International AG 16 –

– Gesco AG 20 –

1 GFK SE 41 –

2 GFT Technologies SE 37 –

1 Grammer AG 45 –

– Grenke AG 53 –

1 H&R GmbH & Co KGaA 14 –

2 Hamburger Hafen und Logistik AG 28 –

2 Hannover Rueck SE 207 0.01


18 Heidelberger Druckmaschinen AG 45 –


2 Henkel AG & Co KGaA 227 0.01

2 Hochtief AG 234 0.01

1 Hornbach Baumarkt AG 25 –



53 Infineon Technologies AG 883 0.05

– Isra Vision AG 37 –

3 Jenoptik AG 59 –

17 K+S AG 337 0.02



1 Koenig & Bauer AG 36 –

6 Kontron AG 19 –

1 Krones AG 72 –

1 KUKA AG 154 0.01

– KWS Saat SE 26 –



3 Leoni AG 96 0.01

7 Linde AG 1,143 0.07

2 LPKF Laser & Electronics AG 11 –

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2 MAN SE 157 0.01

– Manz AG 16 –

3 Merck KGaA 278 0.02

17 Metro AG 499 0.03

6 MLP AG 26 –


4 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 768 0.05

1 Nemetschek SE 50 –

3 Nordex SE 73 –



3 Patrizia Immobilien AG 48 –

1 Pfeiffer Vacuum Technology AG 65 –

2 PNE Wind AG 5 –

11 ProSiebenSat.1 Media SE 364 0.02

– Puma SE 35 –

15 Qiagen NV 421 0.03

8 QSC AG 16 –

– Rational AG 103 0.01



3 RIB Software AG 40 –

2 RTL Group SA 118 0.01

47 RWE AG 589 0.04

3 SAF-Holland SA 41 –


20 SAP SE 1,695 0.10

1 Schaltbau Holding AG 19 –

1 SHW AG 23 –

23 Siemens AG 2,604 0.15

1 Siltronic AG 35 –

1 Sixt SE 55 –

1 SMA Solar Technology AG 15 –


1 Stabilus SA 53 –


– STRATEC Biomedical AG 13 –

1 Stroeer SE & Co KGaA 54 –


2 Suess MicroTec AG 13 –

1 Surteco SE 20 –

7 Symrise AG 406 0.02


3 Takkt AG 54 –

4 Talanx AG 129 0.01


14 thyssenkrupp AG 321 0.02


– Tom Tailor Holding AG 1 –

17 Uniper SE 209 0.01

8 United Internet AG 291 0.02

4 VERBIO Vereinigte BioEnergie AG 27 –


23 Vonovia SE 753 0.04

1 Vossloh AG 50 –

1 VTG AG 17 –


3 Wacker Neuson SE 45 –

1 Washtec AG 69 –

2 Wirecard AG 97 0.01

– XING AG 32 –




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2 Zalando SE 75 0.01

– Zeal Network SE 11 –

46,948 2.74

Hong Kong - 1.18%

52 13 Holdings Ltd 17 –

115 Agritrade Resources Ltd 19 –

337 AIA Group Ltd 2,050 0.12

106 Allied Properties HK Ltd 24 –

36 APT Satellite Holdings Ltd 20 –

44 Asia Financial Holdings Ltd 24 –

12 Asia Satellite Telecommunications Holdings Ltd 15 –

99 Asia Standard International Group Ltd 22 –

17 ASM Pacific Technology Ltd 168 0.01

2 Associated International Hotels Ltd 6 –

375 Auto Italia Holdings 6 –

52 Bank of East Asia Ltd 215 0.01

780 BEP International Holdings Ltd 57 –

153 BOC Hong Kong Holdings Ltd 573 0.03

40 Bonjour Holdings Ltd 2 –

80 Bright Smart Securities & Commodities Group Ltd 34 –

242 Brightoil Petroleum Holdings Ltd 73 0.01

440 Burwill Holdings Ltd 10 –

24 Cafe de Coral Holdings Ltd 86 0.01

128 Cathay Pacific Airways Ltd 173 0.01

184 Century City International Holdings Ltd 13 –

18 Cheung Kong Infrastructure Holdings Ltd 150 0.01

83 Cheung Kong Property Holdings Ltd 565 0.03

11 Chevalier International Holdings Ltd 17 –

328 China Energy Development Holdings Ltd 4 –

34 China Metal International Holdings Inc 11 –

2 China Motor Bus Co Ltd 26 –

60 China Star Entertainment Ltd 4 –

720 China Strategic Holdings Ltd 17 –

27 Chinese Estates Holdings Ltd 49 –

30 Chow Sang Sang Holdings International Ltd 56 –

94 Chow Tai Fook Jewellery Group Ltd 77 0.01

152 Chuang's Consortium International Ltd 32 –

156 CITIC Telecom International Holdings Ltd 51 –

85 CK Hutchison Holdings Ltd 1,030 0.06

414 CK Life Sciences Int'l Holdings Inc 39 –

57 CLP Holdings Ltd 561 0.03

55 CNQC International Holdings Ltd 20 –

230 Common Splendor International Health Industry Group Ltd 20 –

22 Convenience Retail Asia Ltd 11 –

552 Convoy Global Holdings Ltd 18 –

20 Cross-Harbour Holdings Ltd 29 –

310 CSI Properties Ltd 11 –

53 CW Group Holdings Ltd 11 –

38 Dah Sing Banking Group Ltd 71 0.01

14 Dah Sing Financial Holdings Ltd 92 0.01

420 Emperor Capital Group Ltd 44 –

75 Emperor Entertainment Hotel Ltd 19 –

160 Emperor International Holdings Ltd 37 –

360 Emperor Watch & Jewellery Ltd 13 –

378 Enerchina Holdings Ltd 21 –

125 Esprit Holdings Ltd 102 0.01

8 Fairwood Holdings Ltd 35 –

108 Far East Consortium International Ltd 47 –

253 FIH Mobile Ltd 81 0.01

176 First Pacific Co Ltd 124 0.01

104 First Shanghai Investments Ltd 19 –

400 Freeman FinTech Corp Ltd 26 –

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Hong Kong - 1.18% (continued)

2,249 G-Resources Group Ltd 43 –

111 Galaxy Entertainment Group Ltd 549 0.03

618 GCL New Energy Holdings Ltd 37 –

16 Get Nice Financial Group Ltd 2 –

648 Get Nice Holdings Ltd 22 –

98 Giordano International Ltd 52 –

632 Global Brands Group Holding Ltd 98 0.01

23 Great Eagle Holdings Ltd 102 0.01

1 Guoco Group Ltd 11 –

227 Guotai Junan International Holdings Ltd 90 0.01

142 Haitong International Securities Group Ltd 98 0.01

82 Hang Lung Group Ltd 301 0.02

114 Hang Lung Properties Ltd 257 0.02

23 Hang Seng Bank Ltd 431 0.03

14 Hanison Construction Holdings Ltd 2 –

317 Hao Tian Development Group Ltd 14 –

3 Harbour Centre Development Ltd 5 –

55 Henderson Land Development Co Ltd 305 0.02

544 HengTen Networks Group 48 –

148 HK Electric Investments & HK Electric Investments Ltd 130 0.01

43 HKBN Ltd 48 –

39 HKR International Ltd 18 –

164 HKT Trust & HKT Ltd 213 0.01

182 Hong Kong & China Gas Co Ltd 339 0.02

4 Hong Kong Aircraft Engineering Co Ltd 29 –

35 Hong Kong Exchanges & Clearing Ltd 929 0.06

16 Hong Kong Ferry Holdings Co Ltd 19 –

57 Hong Kong Television Network Ltd 9 –

49 Hongkong & Shanghai Hotels Ltd 57 –

46 Hongkong Chinese Ltd 8 –

47 Hopewell Holdings Ltd 170 0.01

164 Hsin Chong Construction Group Ltd 8 –

126 Hutchison Telecommunications Hong Kong Holdings Ltd 42 –

43 Hysan Development Co Ltd 191 0.01

55 IGG Inc 43 –

82 IT Ltd 34 –

25 ITC Properties Group Ltd 10 –

28 Johnson Electric Holdings Ltd 82 0.01

47 Kerry Logistics Network Ltd 63 –

48 Kerry Properties Ltd 137 0.01

316 Kingston Financial Group Ltd 151 0.01

24 Kowloon Development Co Ltd 23 –

23 L'Occitane International SA 45 –

1,270 Lai Sun Development Co Ltd 25 –

150 Lai Sun Garment International Ltd 30 –

970 Landing International Development Ltd 24 –

592 Li & Fung Ltd 259 0.02

50 Lifestyle International Holdings Ltd 64 –

26 Liu Chong Hing Investment Ltd 37 –

29 Luk Fook Holdings International Ltd 84 0.01

82 Macau Legend Development Ltd 18 –

105 Man Wah Holdings Ltd 73 0.01

1,360 Mason Financial Holdings Ltd 33 –

309 Master Glory Group Ltd 18 –

65 Melco International Development Ltd 104 0.01

52 MGM China Holdings Ltd 115 0.01

18 Midland Holdings Ltd 6 –

15 Miramar Hotel & Investment 34 –

740 Mongolian Mining Corp 24 –

47 MTR Corp Ltd 236 0.01

150 NagaCorp Ltd 92 0.01

2,424 NetMind Financial Holdings Ltd 20 –




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235 New World Development Co Ltd 262 0.02

62 NewOcean Energy Holdings Ltd 17 –

106 NWS Holdings Ltd 183 0.01

17 Orient Overseas International Ltd 68 0.01

398 Pacific Basin Shipping Ltd 65 –

57 Pacific Textiles Holdings Ltd 66 0.01

327 PCCW Ltd 190 0.01

108 Pico Far East Holdings Ltd 34 –

8 Playmates Holdings Ltd 10 –

110 Polytec Asset Holdings Ltd 8 –

73 Power Assets Holdings Ltd 701 0.04

30 Prada SpA 105 0.01

22 Public Financial Holdings Ltd 10 –

46 Regal Hotels International Holdings Ltd 25 –

87 Sa Sa International Holdings Ltd 39 –

6 Safety Godown Co Ltd 15 –

86 Samsonite International SA 269 0.02

67 Sands China Ltd 328 0.02

20 SEA Holdings Ltd 51 –

95 Shangri-La Asia Ltd 103 0.01

75 Shenwan Hongyuan HK Ltd 42 –

110 Shun Tak Holdings Ltd 40 –

38 Singamas Container Holdings Ltd 4 –

140 Sino Land Co Ltd 220 0.01

16 Sitoy Group Holdings Ltd 4 –

170 SJM Holdings Ltd 137 0.01

400 Skyway Securities Group Ltd 9 –

33 SmarTone Telecommunications Holdings Ltd 45 –

16 SOCAM Development Ltd 5 –

14 Soundwill Holdings Ltd 25 –

48 Stella International Holdings Ltd 81 0.01

46 Sun Hung Kai & Co Ltd 29 –

35 Sun Hung Kai Properties Ltd 461 0.03

26 Swire Pacific Ltd, Class A 254 0.02

41 Swire Pacific Ltd, Class B 73 0.01

60 Swire Properties Ltd 181 0.01

20 TAI Cheung Holdings Ltd 17 –

54 Tao Heung Holdings Ltd 15 –

81 Techtronic Industries Co Ltd 315 0.02

29 Television Broadcasts Ltd 104 0.01

50 Texwinca Holdings Ltd 36 –

17 Transport International Holdings Ltd 51 –

30 Trinity Ltd 2 –

47 TSC Group Holdings Ltd 6 –

46 United Laboratories International Holdings Ltd 25 –

11 Varitronix International Ltd 5 –

214 Victory City International Holdings Ltd 8 –

44 Vitasoy International Holdings Ltd 91 0.01

84 VST Holdings Ltd 28 –

10 VTech Holdings Ltd 124 0.01

484 WH Group Ltd 403 0.02

44 Wharf Holdings Ltd 329 0.02

51 Wheelock & Co Ltd 302 0.02

5 Wing On Co International Ltd 15 –

14 Wing Tai Properties Ltd 8 –

70 Wynn Macau Ltd 130 0.01

160 Xinyi Glass Holdings Ltd 119 0.01

60 Yat Sing Holdings Ltd 31 –

64 Yue Yuen Industrial Holdings Ltd 230 0.01

20,261 1.18

Ireland - 0.23%

3 Adient PLC 168 0.01

1,655 Bank of Ireland 352 0.02

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Ireland - 0.23% (continued)


36 CRH PLC 1,213 0.07

6 Datalex PLC 21 –

1 FBD Holdings PLC 5 –


6 Irish Continental Group PLC 29 –

7 Kerry Group PLC 507 0.03




3,856 0.23

Israel - 0.22%

5 Airport City Ltd 52 –

8 Amot Investments Ltd 35 –

2 Azrieli Group Ltd 98 0.01

29 Bank Hapoalim BM 174 0.01

66 Bank Leumi Le-Israel BM 267 0.02

– Bayside Land Corp 19 –

103 Bezeq The Israeli Telecommunication Corp Ltd 191 0.01

– Big Shopping Centers Ltd 24 –

4 Cellcom Israel Ltd 35 –

2 Clal Insurance Enterprises Holdings Ltd 29 –

4 Delek Automotive Systems Ltd 37 –

– Delek Group Ltd 78 0.01

1 Delta-Galil Industries Ltd 25 –

2 Elbit Systems Ltd 158 0.01

– Electra Ltd 20 –

4 First International Bank Of Israel Ltd 54 –

1 Formula Systems 1985 Ltd 45 –

3 Frutarom Industries Ltd 139 0.01

5 Gilat Satellite Networks Ltd 23 –

10 Harel Insurance Investments & Financial Services Ltd 41 –

1 IDI Insurance Co Ltd 36 –

29 Israel Chemicals Ltd 113 0.01

70 Israel Discount Bank Ltd 142 0.01

1 Jerusalem Oil Exploration 34 –

5 Matrix IT Ltd 43 –

1 Melisron Ltd 57 0.01

1 Mellanox Technologies Ltd 29 –

1 Menora Mivtachim Holdings Ltd 12 –

36 Migdal Insurance & Financial Holding Ltd 26 –

9 Mizrahi Tefahot Bank Ltd 126 0.01

2 Nice Ltd 143 0.01

2 Nova Measuring Instruments Ltd 25 –

53 Oil Refineries Ltd 20 –

8 Partner Communications Co Ltd 37 –

– Paz Oil Co Ltd 77 0.01

3 Sapiens International Corp NV 41 –

14 Shikun & Binui Ltd 27 –

7 Shufersal Ltd 26 –

4 Strauss Group Ltd 65 0.01

29 Teva Pharmaceutical Industries Ltd 1,056 0.06

5 Tower Semiconductor Ltd 84 0.01

3,763 0.22

Italy - 0.83%

108 A2A SpA 129 0.01

4 ACEA SpA 39 –


8 Anima Holding SpA 38 –

4 Ansaldo STS SpA 45 –

23 Arnoldo Mondadori Editore SpA 22 –

8 Ascopiave SpA 21 –




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79 Assicurazioni Generali SpA 996 0.06

5 Astaldi SpA 25 –

22 Atlantia SpA 494 0.03

8 Autogrill SpA 64 –


25 Banca Carige SpA 7 –


1 Banca IFIS SpA 33 –


1 Banca Monte dei Paschi di Siena SpA 28 –

26 Banca Popolare dell'Etruria e del Lazio SC – –


39 Banca Popolare di Sondrio SCPA 123 0.01


43 BPER Banca 172 0.01


2 Brunello Cucinelli SpA 42 –


1 Cairo Communication SpA 3 –

3 Cementir Holding SpA 13 –


27 CIR-Compagnie Industriali Riunite SpA 27 –

77 CNH Industrial NV 658 0.04

8 Credito Emiliano SpA 44 –

93 Credito Valtellinese SC 29 –

1 Danieli & C Officine Meccaniche SpA 18 –

2 Datalogic SpA 30 –


3 De' Longhi SpA 64 –

10 DeA Capital SpA 11 –


1 Ei Towers SpA 62 –

266 Enel SpA 1,072 0.06

82 Eni SpA 1,144 0.07

4 ERG SpA 40 –

4 Esprinet SpA 25 –

21 Falck Renewables SpA 18 –

9 Ferrari NV 471 0.03


76 Fincantieri SpA 33 –


7 Geox SpA 15 –

23 Gruppo Editoriale L'Espresso SpA 17 –

3 Gruppo MutuiOnline SpA 25 –

42 Hera SpA 87 0.01

1 Industria Macchine Automatiche SpA 60 –

10 Infrastrutture Wireless Italiane SpA 44 –

4 Interpump Group SpA 63 –

260 Intesa Sanpaolo SpA 572 0.03

31 Iren SpA 46 –

23 Italgas SpA 83 0.01

1 Italmobiliare SpA 37 –

28 Leonardo-Finmeccanica SpA 362 0.02

7 Luxottica Group SpA 356 0.02

6 Maire Tecnimont SpA 14 –

3 MARR SpA 45 –



10 Moleskine SpA 25 –


3 OVS SpA 14 –

22 Parmalat SpA 58 –

6 Piaggio & C SpA 9 –

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– Reply SpA 38 –

3 Safilo Group SpA 24 –

545 Saipem SpA 246 0.02

14 Salini Impregilo SpA 38 –


29 Saras SpA 52 –

– Save SpA 2 –

116 Snam SpA 449 0.03

13 Societa Cattolica di Assicurazioni SCRL 72 0.01

7 Societa Iniziative Autostradali e Servizi SpA 57 –

2 SOL SpA 20 –

7 Tamburi Investment Partners SpA 27 –


14 Tenaris SA 231 0.01

91 Terna Rete Elettrica Nazionale SpA 394 0.02

501 Tiscali SpA 21 –

1 Tod's SpA 60 –

9 Trevi Finanziaria Industriale SpA 7 –


54 Unione di Banche Italiane SpA 121 0.01



1 Vittoria Assicurazioni SpA 12 –


14,179 0.83

Japan - 9.42%

32 77 Bank Ltd 153 0.01

1 ABC-Mart Inc 71 0.01

2 Accordia Golf Co Ltd 25 –

2 Achilles Corp 32 –

12 Acom Co Ltd 60 –

2 Adastria Co Ltd 53 –

7 ADEKA Corp 90 0.01

8 Advantest Corp 115 0.01

36 Aeon Co Ltd 497 0.03

1 Aeon Delight Co Ltd 39 –

9 AEON Financial Service Co Ltd 148 0.01

9 Aeon Mall Co Ltd 133 0.01

3 Ahresty Corp 28 –

2 Ai Holdings Corp 55 –

3 Aica Kogyo Co Ltd 72 0.01

1 Aichi Bank Ltd 57 –

4 Aichi Corp 33 –

1 Aichi Steel Corp 37 –

3 Aida Engineering Ltd 32 –

2 Ain Holdings Inc 113 0.01

1 Aiphone Co Ltd 21 –

16 Air Water Inc 277 0.02

3 Aisan Industry Co Ltd 29 –

11 Aisin Seiki Co Ltd 491 0.03

4 Aizawa Securities Co Ltd 24 –

17 Ajinomoto Co Inc 327 0.02

9 Akebono Brake Industry Co Ltd 25 –

13 Akita Bank Ltd 42 –

2 Alconix Corp 24 –

9 Alfresa Holdings Corp 139 0.01

2 Alpen Co Ltd 45 –

3 Alpine Electronics Inc 42 –

15 Alps Electric Co Ltd 392 0.02

16 Amada Holdings Co Ltd 179 0.01

5 Amano Corp 78 0.01




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Japan - 9.42% (continued)

1 Amuse Inc 17 –

56 ANA Holdings Inc 157 0.01

2 Anest Iwata Corp 16 –

1 Anicom Holdings Inc 31 –

13 Anritsu Corp 64 0.01

1 AOI Electronics Co Ltd 12 –

3 AOKI Holdings Inc 31 –

19 Aomori Bank Ltd 63 0.01

4 Aoyama Trading Co Ltd 130 0.01

44 Aozora Bank Ltd 153 0.01

3 Arakawa Chemical Industries Ltd 38 –

1 Arata Corp 25 –

3 Arcland Sakamoto Co Ltd 38 –

2 Arcs Co Ltd 48 –

1 Ariake Japan Co Ltd 40 –

2 Arisawa Manufacturing Co Ltd 11 –

1 As One Corp 34 –

5 Asahi Diamond Industrial Co Ltd 35 –

57 Asahi Glass Co Ltd 374 0.02

11 Asahi Group Holdings Ltd 376 0.02

2 Asahi Holdings Inc 34 –

3 Asahi Intecc Co Ltd 106 0.01

80 Asahi Kasei Corp 723 0.04

7 Asahi Yukizai Corp 13 –

13 Asanuma Corp 39 –

3 Asatsu-DK Inc 78 0.01

8 Asics Corp 179 0.01

3 ASKA Pharmaceutical Co Ltd 45 –

1 ASKUL Corp 29 –

54 Astellas Pharma Inc 752 0.05

3 Atom Corp 19 –

31 Atsugi Co Ltd 33 –

5 Autobacs Seven Co Ltd 78 0.01

3 Avex Group Holdings Inc 46 –

16 Awa Bank Ltd 95 0.01

1 Axial Retailing Inc 44 –

3 Azbil Corp 71 0.01

9 Bandai Namco Holdings Inc 268 0.02

3 Bando Chemical Industries Ltd 31 –

1 Bank of Iwate Ltd 37 –

27 Bank of Kyoto Ltd 191 0.01

1 Bank of Nagoya Ltd 41 –

2 Bank of Okinawa Ltd 77 0.01

13 Bank of Saga Ltd 32 –

4 Bank of the Ryukyus Ltd 47 –

1 Belc Co Ltd 40 –

4 Belluna Co Ltd 20 –

1 Benefit One Inc 31 –

5 Benesse Holdings Inc 128 0.01

6 Bic Camera Inc 55 –

2 BML Inc 37 –

28 Bridgestone Corp 1,079 0.06

2 Broadleaf Co Ltd 20 –

1 BRONCO BILLY Co Ltd 29 –

17 Brother Industries Ltd 291 0.02

4 Bunka Shutter Co Ltd 31 –

– C Uyemura & Co Ltd 16 –

4 Calbee Inc 119 0.01

14 Calsonic Kansei Corp 219 0.01

1 Canon Electronics Inc 20 –

33 Canon Inc 949 0.06

5 Canon Marketing Japan Inc 73 0.01

3 Capcom Co Ltd 59 –

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16 Casio Computer Co Ltd 219 0.01

1 Cawachi Ltd 33 –

17 Central Glass Co Ltd 68 0.01

5 Central Japan Railway Co 759 0.05

1 Central Security Patrols Co Ltd 25 –

35 Chiba Bank Ltd 211 0.01

4 Chiba Kogyo Bank Ltd 18 –

1 Chiyoda Co Ltd 28 –

14 Chiyoda Corp 102 0.01

1 Chiyoda Integre Co Ltd 22 –

2 Chofu Seisakusho Co Ltd 49 –

1 Chori Co Ltd 17 –

33 Chubu Electric Power Co Inc 465 0.03

3 Chubu Shiryo Co Ltd 30 –

2 Chudenko Corp 49 –

13 Chuetsu Pulp & Paper Co Ltd 27 –

4 Chugai Pharmaceutical Co Ltd 102 0.01

13 Chugoku Bank Ltd 178 0.01

15 Chugoku Electric Power Co Inc 169 0.01

5 Chugoku Marine Paints Ltd 34 –

1 Chukyo Bank Ltd 29 –

2 Ci:z Holdings Co Ltd 57 –

20 Citizen Watch Co Ltd 127 0.01

5 CKD Corp 61 –

10 Clarion Co Ltd 33 –

3 Cleanup Corp 23 –

8 CMK Corp 43 –

5 Coca-Cola East Japan Co Ltd 102 0.01

5 Coca-Cola West Co Ltd 148 0.01

2 cocokara fine Inc 63 0.01

2 COLOPL Inc 20 –

4 Colowide Co Ltd 62 –

2 Computer Engineering & Consulting Ltd 35 –

7 COMSYS Holdings Corp 128 0.01

51 Concordia Financial Group Ltd 237 0.02

2 CONEXIO Corp 25 –

3 COOKPAD Inc 24 –

1 Cosel Co Ltd 10 –

4 Cosmo Energy Holdings Co Ltd 52 –

1 Cosmos Pharmaceutical Corp 110 0.01

4 Create Restaurants Holdings Inc 32 –

2 Create SD Holdings Co Ltd 39 –

12 Credit Saison Co Ltd 218 0.01

6 CyberAgent Inc 142 0.01

25 Dai Nippon Printing Co Ltd 239 0.02

20 Dai Nippon Toryo Co Ltd 38 –

4 Dai-Dan Co Ltd 33 –

30 Dai-ichi Life Holdings Inc 490 0.03

6 Daibiru Corp 52 –

24 Daicel Corp 272 0.02

3 Daido Metal Co Ltd 29 –

23 Daido Steel Co Ltd 95 0.01

5 Daifuku Co Ltd 98 0.01

9 Daihen Corp 57 –

6 Daiho Corp 30 –

5 Daiichi Jitsugyo Co Ltd 30 –

13 Daiichi Sankyo Co Ltd 271 0.02

3 Daiichikosho Co Ltd 122 0.01

2 Daiken Corp 39 –

8 Daikin Industries Ltd 789 0.05

1 Daikokutenbussan Co Ltd 43 –

29 Daikyo Inc 62 0.01

2 Daikyonishikawa Corp 28 –




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6 Dainichiseika Color & Chemicals Manufacturing Co Ltd 32 –

5 Daio Paper Corp 56 –

2 Daisan Bank Ltd 29 –

2 Daiseki Co Ltd 46 –

25 Daishi Bank Ltd 106 0.01

1 Daito Pharmaceutical Co Ltd 25 –

3 Daito Trust Construction Co Ltd 483 0.03

19 Daiwa House Industry Co Ltd 536 0.03

3 Daiwa Industries Ltd 28 –

72 Daiwa Securities Group Inc 441 0.03

11 Daiwabo Holdings Co Ltd 29 –

6 DCM Holdings Co Ltd 55 –

5 DeNA Co Ltd 142 0.01

35 Denka Co Ltd 156 0.01

5 Denki Kogyo Co Ltd 26 –

14 Denso Corp 632 0.04

5 Dentsu Inc 214 0.01

2 Denyo Co Ltd 23 –

2 Descente Ltd 22 –

4 Dexerials Corp 31 –

8 DIC Corp 240 0.02

1 Digital Arts Inc 24 –

2 Digital Garage Inc 39 –

2 Dip Corp 38 –

1 Disco Corp 120 0.01

10 DKS Co Ltd 31 –

9 DMG Mori Co Ltd 104 0.01

6 Don Quijote Holdings Co Ltd 220 0.01

2 Doshisha Co Ltd 31 –

2 Doutor Nichires Holdings Co Ltd 37 –

20 Dowa Holdings Co Ltd 156 0.01

1 DTS Corp 31 –

3 Duskin Co Ltd 57 –

– Dydo Drinco Inc 20 –

3 Eagle Industry Co Ltd 44 –

11 East Japan Railway Co 975 0.06

8 Ebara Corp 221 0.01

6 EDION Corp 62 0.01

1 eGuarantee Inc 26 –

2 Ehime Bank Ltd 24 –

7 Eighteenth Bank Ltd 21 –

– Eiken Chemical Co Ltd 8 –

4 Eisai Co Ltd 211 0.01

1 Eizo Corp 33 –

2 Elecom Co Ltd 28 –

8 Electric Power Development Co Ltd 168 0.01

1 Elematec Corp 20 –

1 en-japan Inc 14 –

1 Enplas Corp 26 –

3 EPS Holdings Inc 36 –

1 eRex Co Ltd 26 –

3 ESPEC Corp 30 –

3 Exedy Corp 75 0.01

2 Ezaki Glico Co Ltd 99 0.01

2 F@N Communications Inc 12 –

5 FamilyMart UNY Holdings Co Ltd 333 0.02

5 FANUC Corp 785 0.05

2 Fast Retailing Co Ltd 526 0.03

3 FCC Co Ltd 56 –

4 Ferrotec Corp 48 –

13 FIDEA Holdings Co Ltd 22 –

2 Fields Corp 24 –

3 Financial Products Group Co Ltd 25 –

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2 FINDEX Inc 15 –

2 Foster Electric Co Ltd 43 –

1 FP Corp 50 –

3 France Bed Holdings Co Ltd 22 –

12 Fudo Tetra Corp 22 –

2 Fuji Co Ltd 37 –

5 Fuji Corp Ltd 29 –

48 Fuji Electric Co Ltd 239 0.02

20 Fuji Heavy Industries Ltd 830 0.05

3 Fuji Kyuko Co Ltd 28 –

5 Fuji Machine Manufacturing Co Ltd 53 –

3 Fuji Media Holdings Inc 39 –

8 Fuji Oil Co Ltd 24 –

3 Fuji Oil Holdings Inc 63 0.01

1 Fuji Pharma Co Ltd 30 –

1 Fuji Seal International Inc 49 –

2 Fuji Soft Inc 35 –

1 Fujibo Holdings Inc 44 –

11 FUJIFILM Holdings Corp 398 0.02

4 Fujikura Kasei Co Ltd 23 –

22 Fujikura Ltd 121 0.01

1 Fujimi Inc 9 –

1 Fujimori Kogyo Co Ltd 32 –

6 Fujitec Co Ltd 68 0.01

2 Fujitsu Frontech Ltd 19 –

4 Fujitsu General Ltd 79 0.01

100 Fujitsu Ltd 602 0.04

3 Fukuda Corp 30 –

1 Fukuda Denshi Co Ltd 38 –

17 Fukui Bank Ltd 42 –

61 Fukuoka Financial Group Inc 268 0.02

39 Fukushima Bank Ltd 32 –

2 Fukushima Industries Corp 58 –

15 Fukuyama Transporting Co Ltd 82 0.01

3 FULLCAST Holdings Co Ltd 22 –

2 Funai Electric Co Ltd 13 –

19 Furukawa Co Ltd 35 –

5 Furukawa Electric Co Ltd 159 0.01

1 Furuno Electric Co Ltd 10 –

1 Fuso Chemical Co Ltd 29 –

1 Fuso Pharmaceutical Industries Ltd 15 –

3 Futaba Corp 47 –

7 Futaba Industrial Co Ltd 42 –

4 Future Corp 27 –

2 Fuyo General Lease Co Ltd 86 0.01

3 G-Tekt Corp 58 –

4 GCA Corp 30 –

– Genky Stores Inc 20 –

2 Geo Holdings Corp 27 –

2 Globeride Inc 28 –

4 Glory Ltd 129 0.01

3 GMO internet Inc 49 –

1 GMO Payment Gateway Inc 42 –

2 Godo Steel Ltd 34 –

1 Goldcrest Co Ltd 27 –

10 Gree Inc 52 –

28 GS Yuasa Corp 114 0.01

1 Gun-Ei Chemical Industry Co Ltd 13 –

35 GungHo Online Entertainment Inc 78 0.01

32 Gunma Bank Ltd 165 0.01

11 Gunze Ltd 37 –

2 Gurunavi Inc 49 –

3 H-One Co Ltd 34 –




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7 H2O Retailing Corp 103 0.01

32 Hachijuni Bank Ltd 174 0.01

11 Hakuhodo DY Holdings Inc 125 0.01

1 Hakuto Co Ltd 4 –

1 Hamakyorex Co Ltd 22 –

5 Hamamatsu Photonics KK 129 0.01

13 Hankyu Hanshin Holdings Inc 414 0.03

12 Hanwa Co Ltd 79 0.01

3 Happinet Corp 31 –

2 Harmonic Drive Systems Inc 53 –

20 Haseko Corp 206 0.01

16 Hazama Ando Corp 114 0.01

5 Heiwa Corp 109 0.01

2 Heiwa Real Estate Co Ltd 36 –

2 Heiwado Co Ltd 38 –

2 HI-LEX CORP 40 –

1 Hibiya Engineering Ltd 20 –

1 Hiday Hidaka Corp 24 –

1 Hikari Tsushin Inc 117 0.01

19 Hino Motors Ltd 201 0.01

1 Hirose Electric Co Ltd 114 0.01

43 Hiroshima Bank Ltd 193 0.01

9 Hiroshima Gas Co Ltd 26 –

3 HIS Co Ltd 91 0.01

3 Hisaka Works Ltd 23 –

2 Hisamitsu Pharmaceutical Co Inc 116 0.01

5 Hitachi Capital Corp 129 0.01

8 Hitachi Chemical Co Ltd 190 0.01

9 Hitachi Construction Machinery Co Ltd 180 0.01

3 Hitachi High-Technologies Corp 104 0.01

4 Hitachi Koki Co Ltd 34 –

2 Hitachi Kokusai Electric Inc 38 –

263 Hitachi Ltd 1,430 0.09

2 Hitachi Maxell Ltd 44 –

17 Hitachi Metals Ltd 227 0.01

3 Hitachi Transport System Ltd 60 –

11 Hitachi Zosen Corp 57 –

4 Hochiki Corp 47 –

1 Hodogaya Chemical Co Ltd 30 –

1 Hogy Medical Co Ltd 35 –

12 Hokkaido Electric Power Co Inc 86 0.01

10 Hokkaido Gas Co Ltd 24 –

21 Hokkoku Bank Ltd 74 0.01

1 Hokuetsu Bank Ltd 29 –

12 Hokuetsu Kishu Paper Co Ltd 70 0.01

10 Hokuhoku Financial Group Inc 170 0.01

13 Hokuriku Electric Power Co 140 0.01

1 Hokuto Corp 23 –

65 Honda Motor Co Ltd 1,944 0.12

2 Horiba Ltd 104 0.01

2 Hoshizaki Corp 129 0.01

3 Hosiden Corp 28 –

2 Hosokawa Micron Corp 12 –

4 House Foods Group Inc 89 0.01

12 Hoya Corp 466 0.03

11 Hulic Co Ltd 108 0.01

20 Hyakugo Bank Ltd 77 0.01

21 Hyakujushi Bank Ltd 71 0.01

9 Ibiden Co Ltd 124 0.01

2 IBJ Leasing Co Ltd 43 –

– Ichibanya Co Ltd 6 –

20 Ichigo Inc 76 0.01

3 Ichinen Holdings Co Ltd 28 –

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4 Ichiyoshi Securities Co Ltd 33 –

1 Icom Inc 17 –

3 Idec Corp 24 –

8 Idemitsu Kosan Co Ltd 175 0.01

3 IDOM Inc 14 –

1 Ihara Chemical Industry Co Ltd 9 –

118 IHI Corp 334 0.02

7 Iida Group Holdings Co Ltd 141 0.01

6 Iino Kaiun Kaisha Ltd 21 –

2 Imasen Electric Industrial 14 –

2 Inaba Denki Sangyo Co Ltd 52 –

3 Inabata & Co Ltd 37 –

2 Inageya Co Ltd 23 –

4 Ines Corp 41 –

2 Infocom Corp 28 –

3 Infomart Corp 33 –

2 Information Services International-Dentsu Ltd 36 –

38 Inpex Corp 374 0.02

2 Intage Holdings Inc 25 –

2 Internet Initiative Japan Inc 32 –

4 Inui Global Logistics Co Ltd 31 –

1 Iriso Electronics Co Ltd 54 –

12 Iseki & Co Ltd 24 –

17 Isetan Mitsukoshi Holdings Ltd 193 0.01

4 Ishihara Sangyo Kaisha Ltd 31 –

4 Istyle Inc 24 –

45 Isuzu Motors Ltd 544 0.03

3 Ito En Ltd 106 0.01

37 ITOCHU Corp 512 0.03

4 Itochu Enex Co Ltd 27 –

3 Itochu Techno-Solutions Corp 82 0.01

1 Itochu-Shokuhin Co Ltd 34 –

8 Itoham Yonekyu Holdings Inc 70 0.01

4 Itoki Corp 29 –

2 IwaiCosmo Holdings Inc 22 –

16 Iwatani Corp 87 0.01

– Iwatsuka Confectionery Co Ltd 6 –

20 Iyo Bank Ltd 130 0.01

2 Izumi Co Ltd 110 0.01

22 J Front Retailing Co Ltd 309 0.02

8 J Trust Co Ltd 69 0.01

1 J-Oil Mills Inc 33 –

2 JAC Recruitment Co Ltd 22 –

12 Jaccs Co Ltd 56 –

3 Jafco Co Ltd 95 0.01

1 Jamco Corp 16 –

2 Janome Sewing Machine Co Ltd 18 –

2 Japan Airlines Co Ltd 48 –

2 Japan Airport Terminal Co Ltd 57 –

4 Japan Aviation Electronics Industry Ltd 55 –

2 Japan Digital Laboratory Co Ltd 40 –

29 Japan Display Inc 69 0.01

1 Japan Drilling Co Ltd 21 –

26 Japan Exchange Group Inc 398 0.02

2 Japan Lifeline Co Ltd 36 –

2 Japan Petroleum Exploration Co Ltd 41 –

11 Japan Pulp & Paper Co Ltd 34 –

1 Japan Radio Co Ltd 17 –

6 Japan Securities Finance Co Ltd 31 –

4 Japan Steel Works Ltd 79 0.01

34 Japan Tobacco Inc 1,182 0.07

7 Japan Wool Textile Co Ltd 52 –

1 JCU Corp 40 –




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6 Jeol Ltd 24 –

23 JFE Holdings Inc 349 0.02

7 JGC Corp 110 0.01

23 Jimoto Holdings Inc 38 –

1 Jin Co Ltd 25 –

5 Joshin Denki Co Ltd 42 –

1 Joyful Honda Co Ltd 37 –

2 JSP Corp 53 –

15 JSR Corp 216 0.01

19 JTEKT Corp 307 0.02

2 Juki Corp 19 –

23 Juroku Bank Ltd 75 0.01

17 JVC Kenwood Corp 47 –

92 JX Holdings Inc 357 0.02

1 K&O Energy Group Inc 15 –

5 K's Holdings Corp 97 0.01

13 kabu.com Securities Co Ltd 43 –

4 Kadokawa Dwango 50 –

2 Kaga Electronics Co Ltd 33 –

2 Kagome Co Ltd 59 –

46 Kajima Corp 325 0.02

7 Kakaku.com Inc 112 0.01

2 Kaken Pharmaceutical Co Ltd 107 0.01

– Kameda Seika Co Ltd 14 –

2 Kamei Corp 23 –

20 Kamigumi Co Ltd 186 0.01

2 Kanaden Corp 21 –

2 Kanagawa Chuo Kotsu Co Ltd 13 –

2 Kanamoto Co Ltd 46 –

7 Kandenko Co Ltd 65 0.01

28 Kaneka Corp 227 0.01

42 Kanematsu Corp 70 0.01

2 Kanematsu Electronics Ltd 41 –

38 Kansai Electric Power Co Inc 374 0.02

10 Kansai Paint Co Ltd 180 0.01

3 Kansai Urban Banking Corp 34 –

3 Kanto Denka Kogyo Co Ltd 25 –

16 Kao Corp 723 0.04

3 Kappa Create Co Ltd 35 –

3 Kasai Kogyo Co Ltd 39 –

2 Katakura Industries Co Ltd 21 –

2 Kato Sangyo Co Ltd 45 –

1 Kato Works Co Ltd 21 –

1 Kawada Technologies Inc 41 –

113 Kawasaki Heavy Industries Ltd 364 0.02

77 Kawasaki Kisen Kaisha Ltd 171 0.01

58 KDDI Corp 1,521 0.09

35 Keihan Holdings Co Ltd 225 0.01

4 Keihanshin Building Co Ltd 21 –

3 Keihin Corp 43 –

26 Keikyu Corp 282 0.02

29 Keio Corp 233 0.02

8 Keisei Electric Railway Co Ltd 203 0.01

20 Keiyo Bank Ltd 86 0.01

6 Keiyo Co Ltd 27 –

12 Kenedix Inc 46 –

6 Kewpie Corp 150 0.01

2 Key Coffee Inc 29 –

1 Keyence Corp 581 0.04

1 KFC Holdings Japan Ltd 18 –

5 Kikkoman Corp 154 0.01

11 Kinden Corp 145 0.01

8 Kintetsu Department Store Co Ltd 25 –

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90 Kintetsu Group Holdings Co Ltd 350 0.02

3 Kintetsu World Express Inc 40 –

30 Kirin Holdings Co Ltd 485 0.03

2 Kissei Pharmaceutical Co Ltd 43 –

1 Kita-Nippon Bank Ltd 24 –

1 Kitagawa Iron Works Co Ltd 18 –

4 Kito Corp 39 –

8 Kitz Corp 48 –

5 Kiyo Bank Ltd 80 0.01

3 KLab Inc 15 –

9 KNT-CT Holdings Co Ltd 12 –

3 Koa Corp 32 –

2 Koatsu Gas Kogyo Co Ltd 13 –

3 Kobayashi Pharmaceutical Co Ltd 115 0.01

1 Kobe Bussan Co Ltd 21 –

1 Kobe Electric Railway Co Ltd 3 –

28 Kobe Steel Ltd 268 0.02

3 Kohnan Shoji Co Ltd 65 0.01

5 Koito Manufacturing Co Ltd 265 0.02

8 Kokuyo Co Ltd 98 0.01

26 Komatsu Ltd 623 0.04

4 Komatsu Seiren Co Ltd 27 –

2 Komeri Co Ltd 60 –

5 Komori Corp 61 –

1 Konaka Co Ltd 2 –

4 Konami Holdings Corp 137 0.01

35 Konica Minolta Inc 336 0.02

4 Konishi Co Ltd 40 –

2 Konoike Transport Co Ltd 34 –

2 Kose Corp 121 0.01

1 Kotobuki Spirits Co Ltd 21 –

10 Krosaki Harima Corp 28 –

33 Kubota Corp 506 0.03

30 Kumagai Gumi Co Ltd 78 0.01

5 Kumiai Chemical Industry Co Ltd 31 –

1 Kura Corp 43 –

15 Kurabo Industries Ltd 31 –

24 Kuraray Co Ltd 342 0.02

1 Kureha Corp 54 –

1 Kurimoto Ltd 17 –

8 Kurita Water Industries Ltd 174 0.01

3 Kuroda Electric Co Ltd 55 –

1 Kusuri no Aoki Holdings Co Ltd 51 –

18 KYB Corp 83 0.01

8 Kyocera Corp 366 0.02

6 Kyodo Printing Co Ltd 20 –

1 Kyoei Steel Ltd 26 –

3 Kyokuto Kaihatsu Kogyo Co Ltd 35 –

2 Kyokuto Securities Co Ltd 26 –

1 Kyokuyo Co Ltd 19 –

3 KYORIN Holdings Inc 70 0.01

1 Kyoritsu Maintenance Co Ltd 45 –

2 Kyosan Electric Manufacturing Co Ltd 7 –

7 Kyowa Exeo Corp 103 0.01

10 Kyowa Hakko Kirin Co Ltd 144 0.01

4 Kyudenko Corp 113 0.01

24 Kyushu Electric Power Co Inc 241 0.02

24 Kyushu Financial Group Inc 159 0.01

2 LAC Co Ltd 24 –

1 Laox Co Ltd 7 –

2 Lasertec Corp 31 –

3 Lawson Inc 209 0.01

18 Leopalace21 Corp 97 0.01




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1 Life Corp 37 –

3 Lintec Corp 58 –

6 Lion Corp 98 0.01

18 LIXIL Group Corp 410 0.03

8 M3 Inc 208 0.01

1 Mabuchi Motor Co Ltd 79 0.01

3 Macnica Fuji Electronics Holdings Inc 37 –

11 Maeda Corp 103 0.01

5 Maeda Road Construction Co Ltd 87 0.01

2 Maezawa Kasei Industries Co Ltd 23 –

8 Makino Milling Machine Co Ltd 58 –

4 Makita Corp 301 0.02

1 Mandom Corp 39 –

1 Mani Inc 26 –

2 Mars Engineering Corp 33 –

73 Marubeni Corp 406 0.03

7 Marudai Food Co Ltd 29 –

3 Maruha Nichiro Corp 74 0.01

7 Marui Group Co Ltd 103 0.01

3 Maruichi Steel Tube Ltd 88 0.01

– Maruwa Co Ltd 7 –

2 Maruzen Showa Unyu Co Ltd 8 –

2 Marvelous Inc 17 –

1 Matsuda Sangyo Co Ltd 14 –

4 Matsui Construction Co Ltd 40 –

6 Matsui Securities Co Ltd 48 –

3 Matsumotokiyoshi Holdings Co Ltd 130 0.01

2 Matsuya Co Ltd 13 –

4 Max Co Ltd 47 –

44 Mazda Motor Corp 732 0.04

2 McDonald's Holdings Co Japan Ltd 69 0.01

66 Mebuki Financial Group Inc 245 0.02

9 Medipal Holdings Corp 126 0.01

3 Megachips Corp 67 0.01

2 Megmilk Snow Brand Co Ltd 59 –

21 Meidensha Corp 68 0.01

4 MEIJI Holdings Co Ltd 305 0.02

2 Meiko Network Japan Co Ltd 21 –

6 Meisei Industrial Co Ltd 27 –

2 Meitec Corp 61 –

2 Melco Holdings Inc 46 –

1 Menicon Co Ltd 33 –

1 METAWATER Co Ltd 30 –

8 Michinoku Bank Ltd 15 –

3 Micronics Japan Co Ltd 30 –

1 Mie Bank Ltd 22 –

5 Mie Kotsu Group Holdings Inc 19 –

– Milbon Co Ltd 10 –

3 Mimasu Semiconductor Industry Co Ltd 30 –

2 Minato Bank Ltd 26 –

27 Minebea Co Ltd 277 0.02

2 Ministop Co Ltd 28 –

3 Miraca Holdings Inc 135 0.01

5 Mirait Holdings Corp 44 –

5 Misawa Homes Co Ltd 45 –

14 MISUMI Group Inc 246 0.02

1 Mitani Corp 25 –

6 Mito Securities Co Ltd 16 –

3 Mitsuba Corp 39 –

122 Mitsubishi Chemical Holdings Corp 787 0.05

35 Mitsubishi Corp 761 0.05

86 Mitsubishi Electric Corp 1,208 0.07

28 Mitsubishi Estate Co Ltd 573 0.03

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15 Mitsubishi Gas Chemical Co Inc 238 0.02

146 Mitsubishi Heavy Industries Ltd 659 0.04

8 Mitsubishi Logistics Corp 110 0.01

10 Mitsubishi Materials Corp 291 0.02

57 Mitsubishi Motors Corp 265 0.02

5 Mitsubishi Nichiyu Forklift Co Ltd 37 –

4 Mitsubishi Paper Mills Ltd 24 –

1 Mitsubishi Pencil Co Ltd 63 0.01

1 Mitsubishi Research Institute Inc 29 –

1 Mitsubishi Shokuhin Co Ltd 29 –

8 Mitsubishi Steel Manufacturing Co Ltd 16 –

6 Mitsubishi Tanabe Pharma Corp 108 0.01

326 Mitsubishi UFJ Financial Group Inc 1,963 0.12

53 Mitsubishi UFJ Lease & Finance Co Ltd 249 0.02

7 Mitsuboshi Belting Ltd 62 0.01

41 Mitsui & Co Ltd 554 0.03

86 Mitsui Chemicals Inc 405 0.03

72 Mitsui Engineering & Shipbuilding Co Ltd 105 0.01

19 Mitsui Fudosan Co Ltd 456 0.03

3 Mitsui High-Tec Inc 20 –

6 Mitsui Home Co Ltd 25 –

3 Mitsui Matsushima Co Ltd 32 –

50 Mitsui Mining & Smelting Co Ltd 118 0.01

86 Mitsui OSK Lines Ltd 225 0.01

1 Mitsui Sugar Co Ltd 29 –

6 Mitsui-Soko Holdings Co Ltd 18 –

10 Mitsumi Electric Co Ltd 59 –

4 Miura Co Ltd 58 –

8 Miyazaki Bank Ltd 26 –

589 Mizuho Financial Group Inc 1,064 0.06

7 Mizuno Corp 34 –

1 Mochida Pharmaceutical Co Ltd 42 –

2 Modec Inc 23 –

15 Monex Group Inc 36 –

1 Monogatari Corp 23 –

4 MonotaRO Co Ltd 97 0.01

2 Morinaga & Co Ltd 79 0.01

17 Morinaga Milk Industry Co Ltd 116 0.01

4 Morita Holdings Corp 58 –

13 MS&AD Insurance Group Holdings Inc 406 0.03

4 MTI Ltd 30 –

8 Murata Manufacturing Co Ltd 1,105 0.07

1 Musashi Seimitsu Industry Co Ltd 35 –

3 Musashino Bank Ltd 74 0.01

5 Nabtesco Corp 138 0.01

13 Nachi-Fujikoshi Corp 51 –

1 Nafco Co Ltd 10 –

1 Nagano Bank Ltd 12 –

9 Nagase & Co Ltd 116 0.01

2 Nagatanien Holdings Co Ltd 24 –

– Nagawa Co Ltd 11 –

54 Nagoya Railroad Co Ltd 266 0.02

2 Nakanishi Inc 55 –

5 Namura Shipbuilding Co Ltd 34 –

35 Nankai Electric Railway Co Ltd 161 0.01

3 Nanto Bank Ltd 92 0.01

– NEC Capital Solutions Ltd 3 –

209 NEC Corp 552 0.03

2 NEC Networks & System Integration Corp 27 –

4 NET One Systems Co Ltd 30 –

4 Neturen Co Ltd 29 –

6 Nexon Co Ltd 88 0.01

4 Next Co Ltd 31 –




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13 NGK Insulators Ltd 254 0.02

15 NGK Spark Plug Co Ltd 326 0.02

9 NH Foods Ltd 233 0.02

21 NHK Spring Co Ltd 198 0.01

3 Nichi-iko Pharmaceutical Co Ltd 36 –

6 Nichias Corp 58 –

4 Nichicon Corp 33 –

1 Nichiden Corp 14 –

2 Nichiha Corp 58 –

4 NichiiGakkan Co Ltd 35 –

9 Nichirei Corp 183 0.01

2 Nichireki Co Ltd 16 –

6 Nidec Corp 509 0.03

3 Nifco Inc 189 0.01

2 Nihon Dempa Kogyo Co Ltd 17 –

1 Nihon House Holdings Co Ltd 4 –

3 Nihon Kohden Corp 73 0.01

4 Nihon M&A Center Inc 115 0.01

4 Nihon Nohyaku Co Ltd 23 –

6 Nihon Parkerizing Co Ltd 70 0.01

1 Nihon Trim Co Ltd 19 –

2 Nihon Unisys Ltd 25 –

17 Nihon Yamamura Glass Co Ltd 29 –

4 Nikkiso Co Ltd 37 –

6 Nikkon Holdings Co Ltd 119 0.01

17 Nikon Corp 259 0.02

2 Nintendo Co Ltd 394 0.02

5 Nippo Corp 97 0.01

1 Nippon Beet Sugar Manufacturing Co Ltd 23 –

10 Nippon Carbon Co Ltd 22 –

2 Nippon Ceramic Co Ltd 39 –

20 Nippon Chemi-Con Corp 41 –

36 Nippon Coke & Engineering Co Ltd 32 –

7 Nippon Concrete Industries Co Ltd 22 –

10 Nippon Denko Co Ltd 20 –

4 Nippon Densetsu Kogyo Co Ltd 60 –

32 Nippon Electric Glass Co Ltd 173 0.01

40 Nippon Express Co Ltd 209 0.01

4 Nippon Flour Mills Co Ltd 61 –

2 Nippon Gas Co Ltd 67 0.01

8 Nippon Kayaku Co Ltd 94 0.01

7 Nippon Koei Co Ltd 31 –

31 Nippon Light Metal Holdings Co Ltd 70 0.01

4 Nippon Paint Holdings Co Ltd 138 0.01

8 Nippon Paper Industries Co Ltd 138 0.01

19 Nippon Parking Development Co Ltd 28 –

2 Nippon Pillar Packing Co Ltd 16 –

6 Nippon Road Co Ltd 23 –

3 Nippon Seiki Co Ltd 62 –

11 Nippon Sharyo Ltd 27 –

4 Nippon Sheet Glass Co Ltd 32 –

1 Nippon Shinyaku Co Ltd 38 –

2 Nippon Shokubai Co Ltd 131 0.01

4 Nippon Signal Company Ltd 34 –

11 Nippon Soda Co Ltd 48 –

2 Nippon Steel & Sumikin Bussan Corp 62 0.01

33 Nippon Steel & Sumitomo Metal Corp 719 0.04

24 Nippon Suisan Kaisha Ltd 109 0.01

22 Nippon Telegraph & Telephone Corp 883 0.05

1 Nippon Television Holdings Inc 10 –

5 Nippon Thompson Co Ltd 19 –

2 Nippon Valqua Industries Ltd 26 –

13 Nippon Yakin Kogyo Co Ltd 23 –

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132 Nippon Yusen KK 249 0.02

12 Nipro Corp 131 0.01

14 Nishi-Nippon Financial Holdings Inc 130 0.01

21 Nishi-Nippon Railroad Co Ltd 94 0.01

1 Nishikawa Rubber Co Ltd 10 –

25 Nishimatsu Construction Co Ltd 124 0.01

2 Nishimatsuya Chain Co Ltd 29 –

1 Nishio Rent All Co Ltd 22 –

6 Nissan Chemical Industries Ltd 205 0.01

121 Nissan Motor Co Ltd 1,148 0.07

7 Nissan Shatai Co Ltd 67 0.01

2 Nissei ASB Machine Co Ltd 36 –

10 Nissei Build Kogyo Co Ltd 47 –

2 Nissha Printing Co Ltd 47 –

9 Nisshin Oillio Group Ltd 39 –

9 Nisshin Seifun Group Inc 134 0.01

8 Nisshin Steel Co Ltd 106 0.01

11 Nisshinbo Holdings Inc 107 0.01

10 Nissin Corp 30 –

3 Nissin Electric Co Ltd 30 –

2 Nissin Foods Holdings Co Ltd 95 0.01

3 Nissin Kogyo Co Ltd 40 –

3 Nissin Sugar Co Ltd 38 –

3 Nissui Pharmaceutical Co Ltd 26 –

3 Nitori Holdings Co Ltd 292 0.02

2 Nitta Corp 42 –

1 Nittetsu Mining Co Ltd 32 –

10 Nitto Boseki Co Ltd 39 –

8 Nitto Denko Corp 573 0.03

4 Nitto Kogyo Corp 51 –

1 Nitto Kohki Co Ltd 24 –

5 Nittoc Construction Co Ltd 20 –

1 Noevir Holdings Co Ltd 25 –

11 NOF Corp 103 0.01

2 Nohmi Bosai Ltd 36 –

3 Nojima Corp 31 –

7 NOK Corp 148 0.01

2 Nomura Co Ltd 30 –

94 Nomura Holdings Inc 521 0.03

11 Nomura Real Estate Holdings Inc 176 0.01

6 Nomura Research Institute Ltd 221 0.01

1 Noritake Co Ltd 27 –

2 Noritz Corp 32 –

30 North Pacific Bank Ltd 121 0.01

2 NS Solutions Corp 38 –

12 NS United Kaiun Kaisha Ltd 22 –

37 NSK Ltd 409 0.03

41 NTN Corp 158 0.01

4 NTT Data Corp 226 0.01

53 NTT DOCOMO Inc 1,214 0.07

8 NTT Urban Development Corp 67 0.01

– NuFlare Technology Inc 5 –

1 Obara Group Inc 42 –

39 Obayashi Corp 372 0.02

5 Obayashi Road Corp 31 –

2 Obic Co Ltd 98 0.01

16 Odakyu Electric Railway Co Ltd 316 0.02

25 Ogaki Kyoritsu Bank Ltd 91 0.01

1 Ohsho Food Service Corp 26 –

2 Oiles Corp 38 –

8 Oita Bank Ltd 29 –

63 Oji Holdings Corp 261 0.02

3 Okabe Co Ltd 31 –




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2 Okamoto Industries Inc 19 –

6 Okamura Corp 52 –

12 Okasan Securities Group Inc 70 0.01

8 Oki Electric Industry Co Ltd 104 0.01

1 Okinawa Cellular Telephone Co 40 –

2 Okinawa Electric Power Co Inc 38 –

8 OKUMA Corp 72 0.01

12 Okumura Corp 71 0.01

8 Okura Industrial Co Ltd 36 –

2 Okuwa Co Ltd 21 –

8 Olympus Corp 278 0.02

9 Omron Corp 333 0.02

6 Ono Pharmaceutical Co Ltd 134 0.01

2 Onoken Co Ltd 16 –

11 Onward Holdings Co Ltd 73 0.01

3 Open House Co Ltd 80 0.01

1 Optex Co Ltd 35 –

2 Oracle Corp Japan 95 0.01

5 Organo Corp 21 –

39 Orient Corp 69 0.01

5 Oriental Land Co Ltd 298 0.02

61 ORIX Corp 965 0.06

94 Osaka Gas Co Ltd 359 0.02

6 Osaka Soda Co Ltd 25 –

1 Osaka Steel Co Ltd 9 –

5 Osaki Electric Co Ltd 51 –

6 OSG Corp 128 0.01

17 OSJB Holdings Corp 35 –

3 Otsuka Corp 143 0.01

6 Otsuka Holdings Co Ltd 242 0.02

1 Outsourcing Inc 35 –

1 Oyo Corp 15 –

3 Pacific Industrial Co Ltd 41 –

9 Pacific Metals Co Ltd 30 –

1 Pack Corp 25 –

1 PAL GROUP Holdings Co Ltd 29 –

3 Paltac Corporation 61 –

6 PanaHome Corp 43 –

101 Panasonic Corp 1,043 0.06

2 Paramount Bed Holdings Co Ltd 55 –

2 Parco Co Ltd 18 –

5 Park24 Co Ltd 152 0.01

4 PC Depot Corp 20 –

15 Penta-Ocean Construction Co Ltd 75 0.01

2 PeptiDream Inc 105 0.01

6 Pigeon Corp 150 0.01

2 Pilot Corp 92 0.01

1 Piolax Inc 49 –

26 Pioneer Corp 55 –

2 Plenus Co Ltd 39 –

1 Pola Orbis Holdings Inc 70 0.01

6 Press Kogyo Co Ltd 27 –

4 Pressance Corp 45 –

4 Prestige International Inc 28 –

10 Prima Meat Packers Ltd 35 –

1 Proto Corp 16 –

4 Raito Kogyo Co Ltd 45 –

25 Rakuten Inc 252 0.02

1 Recruit Holdings Co Ltd 31 –

3 Relia Inc 33 –

1 Relo Group Inc 110 0.01

14 Rengo Co Ltd 83 0.01

118 Resona Holdings Inc 577 0.04

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5 Resorttrust Inc 102 0.01

2 Retail Partners Co Ltd 21 –

44 Ricoh Co Ltd 358 0.02

2 Ricoh Leasing Co Ltd 46 –

3 Right On Co Ltd 29 –

1 Riken Corp 33 –

2 Riken Keiki Co Ltd 29 –

7 Riken Technos Corp 36 –

– Riken Vitamin Co Ltd 16 –

1 Ringer Hut Co Ltd 22 –

1 Rinnai Corp 103 0.01

2 Riso Kagaku Corp 35 –

2 Rock Field Co Ltd 29 –

4 Rohm Co Ltd 234 0.02

5 Rohto Pharmaceutical Co Ltd 71 0.01

1 Roland DG Corp 18 –

8 Round One Corp 55 –

2 Royal Holdings Co Ltd 34 –

10 Ryobi Ltd 41 –

5 Ryoden Corp 33 –

1 Ryohin Keikaku Co Ltd 257 0.02

3 Ryosan Co Ltd 79 0.01

2 Ryoyo Electro Corp 23 –

1 S Foods Inc 24 –

2 Sac's Bar Holdings Inc 21 –

28 Saibu Gas Co Ltd 60 –

2 Saizeriya Co Ltd 49 –

6 Sakai Chemical Industry Co Ltd 19 –

1 Sakai Moving Service Co Ltd 25 –

4 Sakata INX Corp 56 –

2 Sakata Seed Corp 53 –

5 Sala Corp 29 –

1 San-A Co Ltd 48 –

4 San-Ai Oil Co Ltd 28 –

9 San-In Godo Bank Ltd 70 0.01

14 Sanden Holdings Corp 45 –

3 Sangetsu Corp 50 –

7 Sanken Electric Co Ltd 30 –

4 Sanki Engineering Co Ltd 37 –

3 Sankyo Co Ltd 99 0.01

2 Sankyo Tateyama Inc 26 –

19 Sankyu Inc 112 0.01

4 Sanoh Industrial Co Ltd 27 –

3 Sanrio Co Ltd 45 –

2 Sanshin Electronics Co Ltd 20 –

22 Santen Pharmaceutical Co Ltd 276 0.02

15 Sanwa Holdings Corp 152 0.01

1 Sanyo Chemical Industries Ltd 43 –

4 Sanyo Denki Co Ltd 26 –

3 Sanyo Electric Railway Co Ltd 15 –

9 Sanyo Shokai Ltd 13 –

10 Sanyo Special Steel Co Ltd 51 –

2 Sanyo Trading Co Ltd 23 –

6 Sapporo Holdings Ltd 170 0.01

2 Sato Holdings Corp 38 –

1 Sawada Holdings Co Ltd 10 –

2 Sawai Pharmaceutical Co Ltd 113 0.01

20 SBI Holdings Inc 251 0.02

3 Screen Holdings Co Ltd 170 0.01

3 SCSK Corp 88 0.01

6 Secom Co Ltd 464 0.03

14 Sega Sammy Holdings Inc 209 0.01

9 Seibu Holdings Inc 160 0.01




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11 Seika Corp 32 –

3 Seikagaku Corp 39 –

7 Seikitokyu Kogyo Co Ltd 30 –

18 Seiko Epson Corp 371 0.02

16 Seiko Holdings Corp 57 –

11 Seino Holdings Co Ltd 124 0.01

5 Seiren Co Ltd 64 0.01

27 Sekisui Chemical Co Ltd 412 0.03

23 Sekisui House Ltd 387 0.02

3 Sekisui Jushi Corp 47 –

3 Sekisui Plastics Co Ltd 25 –

7 Senko Co Ltd 50 –

19 Senshu Ikeda Holdings Inc 85 0.01

3 Senshukai Co Ltd 20 –

10 Septeni Holdings Co Ltd 32 –

1 Seria Co Ltd 72 0.01

24 Seven & i Holdings Co Ltd 958 0.06

44 Seven Bank Ltd 128 0.01

120 Sharp Corp 199 0.01

4 Shibusawa Warehouse Co Ltd 12 –

1 Shibuya Corp 22 –

20 Shiga Bank Ltd 106 0.01

21 Shikoku Bank Ltd 55 –

4 Shikoku Chemicals Corp 35 –

13 Shikoku Electric Power Co Inc 124 0.01

2 Shima Seiki Manufacturing Ltd 67 0.01

5 Shimachu Co Ltd 125 0.01

9 Shimadzu Corp 139 0.01

1 Shimamura Co Ltd 132 0.01

2 Shimano Inc 317 0.02

1 Shimizu Bank Ltd 15 –

23 Shimizu Corp 214 0.01

11 Shin-Etsu Chemical Co Ltd 832 0.05

5 Shin-Etsu Polymer Co Ltd 32 –

8 Shindengen Electric Manufacturing Co Ltd 31 –

5 Shinko Electric Industries Co Ltd 33 –

3 Shinko Plantech Co Ltd 18 –

3 Shinko Shoji Co Ltd 28 –

7 Shinmaywa Industries Ltd 60 –

3 Shinnihon Corp 27 –

1 Shinoken Group Co Ltd 24 –

78 Shinsei Bank Ltd 127 0.01

5 Shionogi & Co Ltd 262 0.02

2 Ship Healthcare Holdings Inc 61 –

13 Shiseido Co Ltd 347 0.02

23 Shizuoka Bank Ltd 189 0.01

4 Shizuoka Gas Co Ltd 28 –

5 Shochiku Co Ltd 54 –

2 Shoei Foods Corp 29 –

4 Showa Corp 24 –

14 Showa Denko KK 189 0.01

11 Showa Sangyo Co Ltd 57 –

14 Showa Shell Sekiyu KK 131 0.01

1 Siix Corp 44 –

1 Sinanen Holdings Co Ltd 21 –

19 Sinfonia Technology Co Ltd 41 –

1 Sinko Industries Ltd 9 –

4 Sintokogio Ltd 37 –

13 SKY Perfect JSAT Holdings Inc 62 0.01

7 Skylark Co Ltd 96 0.01

1 SMC Corp 319 0.02

7 SMK Corp 27 –

2 SMS Co Ltd 50 –

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2 Sodick Co Ltd 18 –

34 SoftBank Group Corp 2,018 0.12

1 Sogo Medical Co Ltd 18 –

4 Sohgo Security Services Co Ltd 156 0.01

95 Sojitz Corp 244 0.02

12 Sompo Holdings Inc 389 0.02

55 Sony Corp 1,604 0.10

9 Sony Financial Holdings Inc 133 0.01

29 Sotetsu Holdings Inc 143 0.01

9 Sparx Group Co Ltd 17 –

3 Square Enix Holdings Co Ltd 86 0.01

1 SRA Holdings 25 –

1 St Marc Holdings Co Ltd 44 –

11 Stanley Electric Co Ltd 323 0.02

3 Star Micronics Co Ltd 39 –

11 Start Today Co Ltd 171 0.01

2 Starts Corp Inc 44 –

1 Starzen Co Ltd 33 –

1 Studio Alice Co Ltd 20 –

2 Sugi Holdings Co Ltd 80 0.01

18 Sumco Corp 201 0.01

17 Sumitomo Bakelite Co Ltd 93 0.01

117 Sumitomo Chemical Co Ltd 545 0.03

31 Sumitomo Corp 375 0.02

7 Sumitomo Dainippon Pharma Co Ltd 113 0.01

3 Sumitomo Densetsu Co Ltd 30 –

37 Sumitomo Electric Industries Ltd 529 0.03

11 Sumitomo Forestry Co Ltd 149 0.01

44 Sumitomo Heavy Industries Ltd 270 0.02

22 Sumitomo Metal Mining Co Ltd 297 0.02

76 Sumitomo Mitsui Construction Co Ltd 85 0.01

33 Sumitomo Mitsui Financial Group Inc 1,233 0.07

8 Sumitomo Mitsui Trust Holdings Inc 291 0.02

28 Sumitomo Osaka Cement Co Ltd 100 0.01

1 Sumitomo Real Estate Sales Co Ltd 30 –

8 Sumitomo Realty & Development Co Ltd 225 0.01

3 Sumitomo Riko Co Ltd 27 –

18 Sumitomo Rubber Industries Ltd 307 0.02

1 Sumitomo Seika Chemicals Co Ltd 23 –

14 Sumitomo Warehouse Co Ltd 73 0.01

4 Sun Frontier Fudousan Co Ltd 34 –

1 Sundrug Co Ltd 98 0.01

5 Suntory Beverage & Food Ltd 202 0.01

9 Suruga Bank Ltd 206 0.01

6 Suzuken Co Ltd Japan 170 0.01

15 Suzuki Motor Corp 484 0.03

31 SWCC Showa Holdings Co Ltd 23 –

5 Sysmex Corp 305 0.02

2 Systena Corp 27 –

1 T Hasegawa Co Ltd 21 –

24 T&D Holdings Inc 311 0.02

1 T&K Toka Co Ltd 10 –

3 T-Gaia Corp 41 –

1 Tabuchi Electric Co Ltd 5 –

3 Tachi-S Co Ltd 38 –

2 Tachibana Eletech Co Ltd 22 –

8 Tadano Ltd 87 0.01

2 Taihei Dengyo Kaisha Ltd 19 –

110 Taiheiyo Cement Corp 349 0.02

2 Taiho Kogyo Co Ltd 30 –

2 Taikisha Ltd 52 –

4 Taiko Bank Ltd 9 –

50 Taisei Corp 364 0.02




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1 Taisho Pharmaceutical Holdings Co Ltd 103 0.01

1 Taiyo Holdings Co Ltd 43 –

14 Taiyo Nippon Sanso Corp 158 0.01

11 Taiyo Yuden Co Ltd 123 0.01

1 Takamatsu Construction Group Co Ltd 31 –

2 Takaoka Toko Co Ltd 33 –

9 Takara Holdings Inc 85 0.01

7 Takara Leben Co Ltd 42 –

3 Takara Standard Co Ltd 42 –

1 Takasago International Corp 27 –

4 Takasago Thermal Engineering Co Ltd 48 –

22 Takashimaya Co Ltd 184 0.01

2 Takata Corp 12 –

16 Takeda Pharmaceutical Co Ltd 649 0.04

4 Takeei Corp 29 –

2 Takeuchi Manufacturing Co Ltd 53 –

8 Takiron Co Ltd 35 –

5 Takuma Co Ltd 42 –

2 Tamron Co Ltd 41 –

9 Tamura Corp 35 –

2 TASAKI & Co Ltd 32 –

1 Tatsuta Electric Wire and Cable Co Ltd 3 –

2 Tayca Corp 11 –

9 TDK Corp 610 0.04

1 TechnoPro Holdings Inc 38 –

16 Teijin Ltd 308 0.02

2 Teikoku Sen-I Co Ltd 23 –

12 Tekken Corp 37 –

7 Temp Holdings Co Ltd 117 0.01

2 Tenma Corp 31 –

7 Terumo Corp 238 0.02

10 THK Co Ltd 219 0.01

6 TIS Inc 128 0.01

1 TKC Corp 30 –

3 Toa Corp (Hyogo) 28 –

1 Toa Corp (Tokyo) 24 –

6 Toa Road Corp 17 –

10 Toagosei Co Ltd 96 0.01

8 Tobishima Corp 14 –

55 Tobu Railway Co Ltd 266 0.02

2 Tocalo Co Ltd 33 –

6 Tochigi Bank Ltd 26 –

8 Toda Corp 45 –

7 Toei Co Ltd 57 –

5 Toenec Corp 23 –

16 Toho Bank Ltd 58 –

1 Toho Co Ltd (Kobe) 22 –

4 Toho Co Ltd (Tokyo) 110 0.01

31 Toho Gas Co Ltd 247 0.02

3 Toho Holdings Co Ltd 63 0.01

3 Toho Titanium Co Ltd 20 –

8 Toho Zinc Co Ltd 31 –

24 Tohoku Electric Power Co Inc 285 0.02

15 Tokai Carbon Co Ltd 51 –

– Tokai Corp 13 –

9 TOKAI Holdings Corp 58 –

4 Tokai Rika Co Ltd 80 0.01

17 Tokai Tokyo Financial Holdings Inc 87 0.01

1 Token Corp 36 –

17 Tokio Marine Holdings Inc 732 0.04

1 Tokushu Tokai Paper Co Ltd 39 –

16 Tokuyama Corp 64 0.01

3 Tokyo Broadcasting System Holdings Inc 51 –

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4 Tokyo Century Corp 134 0.01

6 Tokyo Dome Corp 62 0.01

74 Tokyo Electric Power Co Holdings Inc 278 0.02

7 Tokyo Electron Ltd 612 0.04

3 Tokyo Energy & Systems Inc 25 –

105 Tokyo Gas Co Ltd 461 0.03

4 Tokyo Ohka Kogyo Co Ltd 126 0.01

2 Tokyo Rope Manufacturing Co Ltd 35 –

3 Tokyo Seimitsu Co Ltd 71 0.01

11 Tokyo Steel Manufacturing Co Ltd 82 0.01

15 Tokyo Tatemono Co Ltd 194 0.01

2 Tokyo TY Financial Group Inc 73 0.01

7 Tokyotokeiba Co Ltd 17 –

4 Tokyu Construction Co Ltd 36 –

59 Tokyu Corp 444 0.03

45 Tokyu Fudosan Holdings Corp 264 0.02

4 Tomoku Co Ltd 11 –

9 TOMONY Holdings Inc 50 –

3 Tomy Co Ltd 27 –

10 Tonami Holdings Co Ltd 30 –

18 TonenGeneral Sekiyu KK 174 0.01

9 Topcon Corp 144 0.01

4 Toppan Forms Co Ltd 35 –

25 Toppan Printing Co Ltd 229 0.01

1 Topre Corp 34 –

2 Topy Industries Ltd 54 –

55 Toray Industries Inc 452 0.03

2 Toridoll Holdings Corp 33 –

1 Torii Pharmaceutical Co Ltd 17 –

4 Torishima Pump Manufacturing Co Ltd 35 –

5 Tosei Corp 36 –

60 Toshiba Corp 225 0.01

10 Toshiba Machine Co Ltd 38 –

3 Toshiba Plant Systems & Services Corp 50 –

11 Toshiba TEC Corp 55 –

1 Tosho Co Ltd 35 –

7 Tosho Printing Co Ltd 29 –

54 Tosoh Corp 369 0.02

2 Totetsu Kogyo Co Ltd 46 –

7 TOTO Ltd 276 0.02

1 Tottori Bank Ltd 8 –

22 Towa Bank Ltd 21 –

3 Towa Corp 32 –

1 Towa Pharmaceutical Co Ltd 29 –

8 Toyo Construction Co Ltd 28 –

3 Toyo Corp 29 –

10 Toyo Engineering Corp 28 –

18 Toyo Ink SC Holdings Co Ltd 83 0.01

18 Toyo Kanetsu KK 56 –

4 Toyo Kohan Co Ltd 13 –

10 Toyo Securities Co Ltd 21 –

7 Toyo Seikan Group Holdings Ltd 141 0.01

3 Toyo Suisan Kaisha Ltd 121 0.01

1 Toyo Tanso Co Ltd 19 –

8 Toyo Tire & Rubber Co Ltd 102 0.01

63 Toyobo Co Ltd 96 0.01

8 Toyoda Gosei Co Ltd 167 0.01

5 Toyota Boshoku Corp 113 0.01

4 Toyota Industries Corp 210 0.01

125 Toyota Motor Corp 7,432 0.44

17 Toyota Tsusho Corp 426 0.03

2 TPR Co Ltd 45 –

1 Trancom Co Ltd 24 –




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2 Transcosmos Inc 42 –

5 Trend Micro Inc 171 0.01

1 Trusco Nakayama Corp 55 –

5 TS Tech Co Ltd 124 0.01

5 TSI Holdings Co Ltd 31 –

11 Tsubakimoto Chain Co 88 0.01

7 Tsugami Corp 39 –

2 Tsukishima Kikai Co Ltd 17 –

9 Tsukuba Bank Ltd 28 –

1 Tsukui Corp 6 –

5 Tsumura & Co 136 0.01

2 Tsuruha Holdings Inc 164 0.01

2 Tsurumi Manufacturing Co Ltd 24 –

2 Tsutsumi Jewelry Co Ltd 24 –

2 TV Asahi Holdings Corp 30 –

1 Tv Tokyo Holdings Corp 22 –

19 UACJ Corp 55 –

108 Ube Industries Ltd 228 0.01

1 UKC Holdings Corp 20 –

3 Ulvac Inc 88 0.01

10 Unicharm Corp 216 0.01

1 Union Tool Co 32 –

3 Unipres Corp 60 –

2 United Arrows Ltd 43 –

3 United Super Markets Holdings Inc 28 –

52 Unitika Ltd 39 –

1 Universal Entertainment Corp 33 –

2 Unizo Holdings Co Ltd 43 –

6 Usen Corp 19 –

9 Ushio Inc 110 0.01

8 USS Co Ltd 129 0.01

– V Technology Co Ltd 32 –

3 Valor Holdings Co Ltd 75 0.01

3 Vector Inc 29 –

3 Vital KSK Holdings Inc 25 –

9 VT Holdings Co Ltd 45 –

1 W-Scope Corp 20 –

8 Wacoal Holdings Corp 94 0.01

8 Wacom Co Ltd 22 –

24 Wakachiku Construction Co Ltd 35 –

3 Wakita & Co Ltd 25 –

2 Warabeya Nichiyo Holdings Co Ltd 32 –

– WATAMI Co Ltd 4 –

1 Weathernews Inc 30 –

1 Welcia Holdings Co Ltd 81 0.01

6 West Japan Railway Co 362 0.02

3 Xebio Holdings Co Ltd 54 –

4 Yahagi Construction Co Ltd 39 –

40 Yahoo Japan Corp 145 0.01

3 Yakult Honsha Co Ltd 115 0.01

2 Yamabiko Corp 24 –

31 Yamada Denki Co Ltd 166 0.01

9 Yamagata Bank Ltd 37 –

14 Yamaguchi Financial Group Inc 147 0.01

6 Yamaha Corp 173 0.01

21 Yamaha Motor Co Ltd 484 0.03

4 Yamaichi Electronics Co Ltd 37 –

11 Yamanashi Chuo Bank Ltd 49 –

2 Yamatane Corp 24 –

12 Yamato Holdings Co Ltd 238 0.02

3 Yamato Kogyo Co Ltd 98 0.01

7 Yamazaki Baking Co Ltd 148 0.01

4 Yamazen Corp 34 –

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1 Yaoko Co Ltd 46 –

17 Yaskawa Electric Corp 265 0.02

2 Yasuda Logistics Corp 10 –

1 Yellow Hat Ltd 29 –

2 Yodogawa Steel Works Ltd 50 –

2 Yokogawa Bridge Holdings Corp 24 –

19 Yokogawa Electric Corp 270 0.02

5 Yokohama Reito Co Ltd 45 –

10 Yokohama Rubber Co Ltd 191 0.01

1 Yomeishu Seizo Co Ltd 11 –

2 Yondoshi Holdings Inc 37 –

2 Yorozu Corp 24 –

2 Yuasa Trading Co Ltd 45 –

5 Yurtec Corp 34 –

2 Yusen Logistics Co Ltd 19 –

2 Yushiro Chemical Industry Co Ltd 20 –

3 Zenkoku Hosho Co Ltd 96 0.01

2 Zenrin Co Ltd 27 –

8 Zensho Holdings Co Ltd 134 0.01

11 Zeon Corp 101 0.01

2 ZERIA Pharmaceutical Co Ltd 25 –

2 Zojirushi Corp 31 –

1 Zuiko Corp 22 –

3 Zuken Inc 27 –

161,134 9.42

Netherlands - 1.00%


2 Accell Group 49 –

94 Aegon NV 475 0.03

19 Akzo Nobel NV 1,165 0.07

24 Altice NV, Class A 407 0.02

6 Altice NV, Class B 109 0.01

3 AMG Advanced Metallurgical Group NV 49 –

1 Amsterdam Commodities NV 23 –


5 Arcadis NV 55 –



6 ASML Holding NV (Norway listing) 653 0.04

1 ASML Holding NV (US listing) 103 0.01


1 Beter Bed Holding NV 23 –

5 BinckBank NV 29 –


2 Brunel International NV 31 –





3 Fugro NV 48 –


4 GrandVision NV 79 –

2 Heijmans NV 10 –

7 Heineken NV 555 0.03

1 Hunter Douglas NV 28 –


94 ING Groep NV 1,282 0.08

1 KAS Bank NV 10 –

2 Kendrion NV 43 –

65 Koninklijke Ahold Delhaize NV 1,271 0.07

18 Koninklijke BAM Groep NV 79 –


230 Koninklijke KPN NV 660 0.04




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Netherlands - 1.00% (continued)

41 Koninklijke Philips NV 1,183 0.07

6 Koninklijke Vopak NV 283 0.02

13 NN Group NV 430 0.03

3 NXP Semiconductors NV 293 0.02

8 Ordina NV 16 –

32 PostNL NV 159 0.01

9 Randstad Holding NV 454 0.03

41 RELX NV 662 0.04



2 Telegraaf Media Groep NV 9 –

2 TKH Group NV 64 –

7 TomTom NV 53 –

48 Unilever NV 1,918 0.11

4 Wessanen 54 –

19 Wolters Kluwer NV 672 0.04

17,060 1.00

New Zealand - 0.16%

25 a2 Milk Co Ltd 43 –

46 Air New Zealand Ltd 71 –

54 Argosy Property Ltd 40 –

20 Arvida Group Ltd 17 –

25 Auckland International Airport Ltd 107 0.01

32 Chorus Ltd 90 0.01

44 Contact Energy Ltd 147 0.01

7 Ebos Group Ltd 80 0.01

31 Fisher & Paykel Healthcare Corp Ltd 180 0.01

38 Fletcher Building Ltd 278 0.02

5 Fonterra Co-operative Group Ltd 23 –

8 Freightways Ltd 36 –

25 Genesis Energy Ltd 35 –

37 Heartland Bank Ltd 40 –

32 Infratil Ltd 63 –

4 Investore Property Ltd 5 –

3 Kathmandu Holdings Ltd 5 –

87 Kiwi Property Group Ltd 90 0.01

6 Mainfreight Ltd 83 0.01

31 Mercury NZ Ltd 66 –

61 Meridian Energy Ltd 111 0.01

9 Metlifecare Ltd 37 –

8 Metro Performance Glass Ltd 10 –

12 New Zealand Refining Co Ltd 22 –

17 NZME Ltd 7 –

10 Port of Tauranga Ltd 27 –

58 Precinct Properties New Zealand Ltd 49 –

23 Property for Industry Ltd 25 –

7 Restaurant Brands New Zealand Ltd 25 –

13 Ryman Healthcare Ltd 79 0.01

8 Scales Corp Ltd 19 –

13 Skellerup Holdings Ltd 14 –

30 SKY Network Television Ltd 102 0.01

42 SKYCITY Entertainment Group Ltd 117 0.01

95 Spark New Zealand Ltd 245 0.01

19 Steel & Tube Holdings Ltd 32 –

18 Stride Property Group 23 –

19 Summerset Group Holdings Ltd 65 –

4 Tilt Renewables Ltd 5 –

6 Tourism Holdings Ltd 13 –

8 Tower Ltd 4 –

23 Trade Me Group Ltd 79 0.01

4 Trustpower Ltd 12 –

14 Vector Ltd 32 –

10 Warehouse Group Ltd 20 –

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New Zealand - 0.16% (continued)

2 Xero Ltd 23 –

16 Z Energy Ltd 82 0.01

2,778 0.16

Norway - 0.28%

34 ABG Sundal Collier Holding ASA 19 –

1 AF Gruppen ASA 15 –

8 Akastor ASA 11 –

3 Aker ASA 113 0.01

10 Aker BP ASA 166 0.01


2 American Shipping Co ASA 5 –

4 Atea ASA 36 –



3 Bonheur ASA 22 –


8 BW LPG Ltd 27 –

475 BW Offshore Ltd 22 –

26 DNB ASA 383 0.02

20 DNO ASA 17 –

1 Ekornes ASA 14 –

5 Entra ASA 49 –

5 Fred Olsen Energy ASA 8 –

5 Frontline Ltd 39 –

4 Gjensidige Forsikring ASA 57 –

– Golar LNG Ltd 9 –

5 Grieg Seafood ASA 48 –

4 Hexagon Composites ASA 13 –

2 Hoegh LNG Holdings Ltd 16 –

52 Kongsberg Automotive ASA 35 –

3 Kongsberg Gruppen ASA 36 –

9 Kvaerner ASA 11 –

2 Leroy Seafood Group ASA 108 0.01

15 Marine Harvest ASA 272 0.02

11 Nordic Semiconductor ASA 43 –


2 Norwegian Air Shuttle ASA 60 –

4 Ocean Yield ASA 34 –

1 Olav Thon Eiendomsselskap ASA 25 –

4 Opera Software ASA 24 –

20 Orkla ASA 176 0.01

17 Petroleum Geo-Services ASA 50 –

49 Prosafe SE 2 –

3 Protector Forsikring ASA 27 –

139 REC Silicon ASA 15 –

3 Salmar ASA 102 0.01

5 Scatec Solar ASA 19 –

4 Schibsted ASA, Class A 78 0.01

3 Schibsted ASA, Class B 62 –


4 Selvaag Bolig ASA 20 –

– Solstad Offshore ASA – –



2 Stolt-Nielsen Ltd 26 –


21 Subsea 7 SA 249 0.02

24 Telenor ASA 351 0.02


6 Tomra Systems ASA 58 –

5 Treasure ASA 9 –


5 Wilh Wilhelmsen ASA 17 –




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1 Wilh Wilhelmsen Holding ASA 12 –

5 XXL ASA 54 –


4,823 0.28

Portugal - 0.10%

8 Altri SGPS SA 29 –

39 Banco BPI SA 47 –

31 Banco Comercial Portugues SA 38 –


9 CTT-Correios de Portugal SA 53 –

153 EDP - Energias de Portugal SA 442 0.03


27 Galp Energia SGPS SA 368 0.02

18 Jeronimo Martins SGPS SA 289 0.02

10 Mota-Engil SGPS SA 17 –


10 NOS SGPS SA 57 –

15 REN - Redes Energeticas Nacionais SGPS SA 42 –

2 Semapa-Sociedade de Investimento e Gestao 28 –


1,673 0.10

Singapore - 0.45%

61 Accordia Golf Trust 28 –

38 Ascendas India Trust 28 –

9 Boustead Projects Ltd 5 –

30 Boustead Singapore Ltd 17 –

10 Bukit Sembawang Estates Ltd 32 –

111 CapitaLand Ltd 237 0.02

38 China Aviation Oil Singapore Corp Ltd 36 –

65 China Everbright Water Ltd 22 –

49 Chip Eng Seng Corp Ltd 21 –

23 City Developments Ltd 134 0.01

149 ComfortDelGro Corp Ltd 261 0.02

41 Cosco Corp Singapore Ltd 8 –

67 CSE Global Ltd 20 –

20 CWT Ltd 28 –

9 Dairy Farm International Holdings Ltd 65 0.01

52 DBS Group Holdings Ltd 636 0.04

102 Del Monte Pacific Ltd 25 –

31 Delfi Ltd 51 –

162 Ezion Holdings Ltd 38 –

356 Ezra Holdings Ltd 11 –

4 Far East Orchard Ltd 4 –

28 First Resources Ltd 37 –

24 Frasers Centrepoint Ltd 25 –

198 Genting Singapore PLC 134 0.01

42 GL Ltd 22 –

142 Global Logistic Properties Ltd 204 0.01

574 Golden Agri-Resources Ltd 172 0.01

3 Great Eastern Holdings Ltd 45 –

21 GuocoLand Ltd 27 –

58 Halcyon Agri Corp Ltd 22 –

17 Haw Par Corp Ltd 107 0.01

13 Ho Bee Land Ltd 19 –

36 Hong Fok Corp Ltd 16 –

24 Hong Leong Finance Ltd 36 –

37 Hongkong Land Holdings Ltd 236 0.02

494 Hutchison Port Holdings Trust 207 0.01

66 Hyflux Ltd 22 –

17 Indofood Agri Resources Ltd 6 –

61 Japfa Ltd 38 –

6 Jardine Cycle & Carriage Ltd 160 0.01

68 Keppel Corp Ltd 256 0.02

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Singapore - 0.45% (continued)

192 Keppel Infrastructure Trust 64 0.01

31 Lian Beng Group Ltd 10 –

24 M1 Ltd 33 –

26 Mandarin Oriental International Ltd 33 –

40 Metro Holdings Ltd 28 –

102 Midas Holdings Ltd 16 –

113 Nam Cheong Ltd 5 –

805 Noble Group Ltd 89 0.01

17 Olam International Ltd 24 –

18 OUE Ltd 22 –

113 Oversea-Chinese Banking Corp Ltd 714 0.04

35 Oxley Holdings Ltd 11 –

31 Perennial Real Estate Holdings Ltd 17 –

32 QAF Ltd 30 –

55 Raffles Medical Group Ltd 56 0.01

45 RHT Health Trust 27 –

40 Riverstone Holdings Ltd 25 –

44 SATS Ltd 148 0.01

86 Sembcorp Industries Ltd 162 0.01

25 Sembcorp Marine Ltd 25 –

40 Sheng Siong Group Ltd 29 –

11 SIA Engineering Co Ltd 26 –

21 SIIC Environment Holdings Ltd 9 –

111 Sinarmas Land Ltd 35 –

32 Singapore Airlines Ltd 223 0.01

39 Singapore Exchange Ltd 196 0.01

95 Singapore Post Ltd 98 0.01

49 Singapore Press Holdings Ltd 127 0.01

238 Singapore Telecommunications Ltd 624 0.04

57 Sino Grandness Food Industry Group Ltd 13 –

38 Stamford Land Corp Ltd 12 –

29 StarHub Ltd 59 0.01

40 Super Group Ltd 35 –

7 Swiber Holdings Ltd – –

32 Tat Hong Holdings Ltd 7 –

63 UMS Holdings Ltd 27 –

42 United Engineers Ltd 77 0.01

12 United Industrial Corp Ltd 23 –

40 United Overseas Bank Ltd 564 0.03

18 UOB-Kay Hian Holdings Ltd 16 –

39 UOL Group Ltd 159 0.01

23 Vard Holdings Ltd 4 –

16 Venture Corp Ltd 110 0.01

22 Wheelock Properties Singapore Ltd 23 –

25 Wilmar International Ltd 61 0.01

30 Wing Tai Holdings Ltd 34 –

5 Yongnam Holdings Ltd 1 –

7,629 0.45

Spain - 0.96%

32 Abertis Infraestructuras SA 432 0.03


5 Acerinox SA 68 –

14 ACS Actividades de Construccion y Servicios SA 416 0.02


3 Aena SA 437 0.03

4 Almirall SA 62 –

22 Amadeus IT Group SA 996 0.06

39 Amper SA 6 –

5 Applus Services SA 52 –

5 Atresmedia Corp de Medios de Comunicacion SA 51 –

145 Banco Bilbao Vizcaya Argentaria SA 894 0.05






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474 Banco Santander SA 2,164 0.13

236 Bankia SA 210 0.01

25 Bankinter SA 186 0.01



7 Cellnex Telecom SA 101 0.01

3 Cia de Distribucion Integral Logista Holdings SA 67 –

4 CIE Automotive SA 73 –

1 Construcciones y Auxiliar de Ferrocarriles SA 48 –


4 Duro Felguera SA 4 –


7 eDreams Odigeo SA 19 –

2 Elecnor SA 18 –

17 Enagas SA 419 0.03

17 Ence Energia y Celulosa SA 39 –

19 Endesa SA 382 0.02

10 Ercros SA 20 –

5 Euskaltel SA 38 –

10 Faes Farma SA 34 –

25 Ferrovial SA 435 0.03


28 Gas Natural SDG SA 471 0.03

16 Grifols SA 308 0.02


199 Iberdrola SA 1,198 0.07

5 Indra Sistemas SA 51 –

27 Industria de Diseno Textil SA 924 0.05


29 Liberbank SA 27 –

103 Mapfre SA 309 0.02


3 Melia Hotels International SA 35 –

1 Miquel y Costas & Miquel SA 28 –

16 NH Hotel Group SA 63 –

11 Obrascon Huarte Lain SA 30 –

5 Papeles y Cartones de Europa SA 25 –

11 Pharma Mar SA 27 –

6 Promotora de Informaciones SA 34 –


24 Red Electrica Corp SA 425 0.03

52 Repsol SA 696 0.04

33 Sacyr SA 69 –

3 Saeta Yield SA 30 –

2 Tecnicas Reunidas SA 65 –

157 Telefonica SA 1,310 0.08

6 Tubacex SA 16 –

6 Tubos Reunidos SA 6 –

1 Vidrala SA 64 –



16,449 0.96

Sweden - 1.05%

2 AAK AB 93 0.01

11 Acando AB 30 –

1 AddLife AB 19 –

4 AddTech AB 56 –

4 AF AB 64 0.01

15 Alfa Laval AB 226 0.01

39 Assa Abloy AB 741 0.04

18 Atlas Copco AB, Class A 555 0.03

12 Atlas Copco AB, Class B 311 0.02

3 Atrium Ljungberg AB 50 –

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1 Avanza Bank Holding AB 54 –

4 Axfood AB 57 –

2 B&B Tools AB 32 –

1 Beijer Alma AB 19 –

2 Beijer Ref AB 38 –

6 Betsson AB 61 –

2 Bilia AB 49 –

14 BillerudKorsnas AB 236 0.02

1 BioGaia AB 31 –


– Bonava AB, Class A 5 –

6 Bonava AB, Class B 79 0.01

1 Bulten AB 12 –

5 Bure Equity AB 49 –

3 Byggmax Group AB 20 –


3 Clas Ohlson AB 38 –

17 Cloetta AB 53 –


2 Concentric AB 26 –

3 Dios Fastigheter AB 20 –

4 Doro AB 21 –

3 Duni AB 32 –

2 Dustin Group AB 11 –

1 East Capital Explorer AB 7 –

11 Electrolux AB 257 0.02

16 Elekta AB 136 0.01

3 Eltel AB 15 –

2 Enea AB 18 –

9 Fabege AB 147 0.01

1 Fagerhult AB 13 –

6 Fastighets AB Balder 120 0.01

– Fenix Outdoor International AG 16 –

21 Fingerprint Cards AB 177 0.01


4 Granges AB 36 –

3 Gunnebo AB 15 –

4 Haldex AB 45 –


27 Hennes & Mauritz AB 795 0.05

10 Hexagon AB 342 0.02

16 Hexpol AB 130 0.01

4 HIQ International AB 24 –


8 Hufvudstaden AB 122 0.01

2 Husqvarna AB, Class A 14 –

33 Husqvarna AB, Class B 246 0.02

5 ICA Gruppen AB 141 0.01



4 Inwido AB 39 –

3 ITAB Shop Concept AB 22 –

5 JM AB 131 0.01

3 KappAhl AB 16 –

29 Klovern AB 30 –

2 KNOW IT AB 15 –

10 Kungsleden AB 60 –

5 Lagercrantz Group AB 37 –

1 Lifco AB 27 –

7 Lindab International AB 60 –


3 Lundin Petroleum AB 55 –

1 Medivir AB 11 –




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2 Mekonomen AB 38 –



4 MQ Holding AB 17 –

5 Mycronic AB 47 –

7 NCC AB 173 0.01

11 NetEnt AB 79 0.01

5 New Wave Group AB 23 –


9 Nobia AB 77 0.01

2 Nolato AB 46 –


7 Nordnet AB 27 –

17 Opus Group AB 12 –

2 Oriflame Holding AG 60 –

3 Pandox AB 44 –

17 Peab AB 132 0.01

2 Proact IT Group AB 28 –

8 Qliro Group AB 8 –

18 Ratos AB 76 0.01

2 RaySearch Laboratories AB 44 –

2 Recipharm AB 25 –

4 Rezidor Hotel Group AB 16 –

5 Saab AB 184 0.01

5 Sagax AB 47 –

53 Sandvik AB 631 0.04

13 SAS AB 22 –

4 Scandi Standard AB 21 –

– Sectra AB 6 –

19 Securitas AB 282 0.02


17 Skanska AB 386 0.02

2 SKF AB, Class A 39 –

23 SKF AB, Class B 417 0.03

1 SkiStar AB 20 –

3 SSAB AB, Class A (Finland listing) 11 –

21 SSAB AB, Class A (Sweden listing) 81 0.01

16 SSAB AB, Class B (Finland listing) 51 –


1 Svenska Cellulosa AB SCA, Class A 27 –

25 Svenska Cellulosa AB SCA, Class B 667 0.04

39 Svenska Handelsbanken AB, Class A 536 0.03

1 Svenska Handelsbanken AB, Class B 9 –

3 Sweco AB 66 0.01

24 Swedbank AB 563 0.03

10 Swedish Match AB 326 0.02

2 Swedish Orphan Biovitrum AB 25 –

1 Systemair AB 10 –

3 Tele2 AB 22 –

23 Tele2 AB, Class B 173 0.01

87 Telefonaktiebolaget LM Ericsson 444 0.03

3 Telefonaktiebolaget LM Ericsson, Class A 16 –

148 Telia Co AB 555 0.03

4 Thule Group AB 61 –

2 Transcom Worldwide AB 11 –


6 Unibet Group PLC 55 –

16 Victoria Park AB 39 –

1 Vitrolife AB 28 –

15 Volvo AB, Class A 166 0.01

66 Volvo AB, Class B 711 0.04


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18,003 1.05

Switzerland - 2.58%

78 ABB Ltd 1,592 0.09

5 Actelion Ltd 913 0.05


3 AFG Arbonia-Forster Holding AG 43 –


1 Alpiq Holding AG 36 –

1 ALSO Holding AG 35 –

5 ams AG 154 0.01

– APG SGA SA 32 –


4 Ascom Holding AG 69 –



– Bank Coop AG 15 –


– Barry Callebaut AG 185 0.01

– Basler Kantonalbank 10 –

– Belimo Holding AG 67 –

– Bell AG 36 –

1 Bellevue Group AG 17 –

– Berner Kantonalbank AG 69 –

– BFW Liegenschaften AG 10 –

1 BKW AG 34 –

1 Bobst Group SA 56 –

– Bossard Holding AG 44 –


– Burckhardt Compression Holding AG 38 –

– Burkhalter Holding AG 23 –

1 Calida Holding AG 14 –


– Chocoladefabriken Lindt & Spruengli AG 174 0.01



– Coltene Holding AG 21 –

– Conzzeta AG 72 –


1 Daetwyler Holding AG 68 –


– dormakaba Holding AG 147 0.01

3 Dufry AG 420 0.03

4 EFG International AG 24 –

– Emmi AG 121 0.01

– EMS-Chemie Holding AG 208 0.01

– Feintool International Holding AG 27 –



– Galenica AG 308 0.02



2 Geberit AG 684 0.04

– Georg Fischer AG 298 0.02

1 Givaudan SA 824 0.05

– Gurit Holding AG 59 –


– HOCHDORF Holding AG 55 –

1 Huber + Suhner AG 44 –


– Inficon Holding AG 52 –

– Interroll Holding AG 60 –

– Intershop Holding AG 23 –




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9 Julius Baer Group Ltd 394 0.02

1 Kardex AG 37 –

– Komax Holding AG 80 0.01

3 Kudelski SA 56 –

3 Kuehne + Nagel International AG 335 0.02


– LEM Holding SA 46 –

1 Liechtensteinische Landesbank AG 47 –


3 Lonza Group AG 472 0.03


– Metall Zug AG 41 –

3 Meyer Burger Technology AG 8 –

3 Mobilezone Holding AG 40 –


116 Nestle SA 7,827 0.46



1 Orascom Development Holding AG 5 –

1 Orior AG 44 –


1 Partners Group Holding AG 462 0.03

– Phoenix Mecano AG 24 –

– Plazza AG 19 –


– Rieter Holding AG 62 –

22 Roche Holding AG (non-voting rights) 4,890 0.29

1 Roche Holding AG (voting rights) 187 0.01

– Romande Energie Holding SA 46 –

– Schaffner Holding AG 11 –

1 Schindler Holding AG 166 0.01

24 Schmolz + Bickenbach AG 16 –



– SGS SA 511 0.03

– Siegfried Holding AG 49 –

– Sika AG 713 0.04

3 Sonova Holding AG 318 0.02


1 Straumann Holding AG 225 0.01



1 Swatch Group AG (Bearer) 359 0.02

2 Swatch Group AG (Registered) 124 0.01



9 Swiss Re AG 787 0.05

2 Swisscom AG 625 0.04

1 Swissquote Group Holding SA 12 –

5 Syngenta AG 1,699 0.10

– Tamedia AG 47 –



– Thurgauer Kantonalbank 10 –

– u-blox Holding AG 62 –

92 UBS Group AG 1,469 0.09


– Valora Holding AG 84 0.01

– Vaudoise Assurances Holding SA 49 –

– Vetropack Holding AG 38 –


– VP Bank AG 6 –

– VZ Holding AG 41 –

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– Walliser Kantonalbank 7 –

– Warteck Invest AG 29 –

– Ypsomed Holding AG 23 –

1 Zehnder Group AG 31 –

– Zug Estates Holding AG 34 –

– Zuger Kantonalbank AG 58 –

4 Zurich Insurance Group AG 1,106 0.07

44,219 2.58


74 3i Group PLC 640 0.04

12 888 Holdings PLC 31 –

5 A.G. Barr PLC 33 –

46 AA PLC 154 0.01

87 Aberdeen Asset Management PLC 291 0.02

15 Acacia Mining PLC 74 –

4 Acal PLC 11 –

14 Admiral Group PLC 321 0.02



8 Aldermore Group PLC 22 –

21 AMEC PLC 112 0.01


17 Anglo Pacific Group PLC 24 –

2 Anglo-Eastern Plantations PLC 12 –

35 Antofagasta PLC 300 0.02

7 Arrow Global Group PLC 27 –


39 Ashtead Group PLC 770 0.05

8 Associated British Foods PLC 241 0.01

43 AstraZeneca PLC 2,241 0.13


3 Aveva Group PLC 68 –

164 Aviva PLC 914 0.05

2 Avon Rubber PLC 20 –


38 Babcock International Group PLC 452 0.03

176 BAE Systems PLC 1,323 0.08


442 Barclays PLC 1,189 0.07








82 BHP Billiton PLC 1,350 0.08

11 Bloomsbury Publishing PLC 23 –



5 Boot Henry PLC 12 –


819 BP PLC 4,749 0.28

5 Braemar Shipping Services PLC 20 –

7 Brammer PLC 16 –


57 British American Tobacco PLC 3,103 0.18


300 BT Group PLC 1,336 0.08

15 BTG PLC 107 0.01

15 Bunzl PLC 376 0.02

31 Burberry Group PLC 551 0.03





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6 Cambian Group PLC 9 –

11 Cape PLC 19 –

33 Capita PLC 214 0.01


11 Card Factory PLC 35 –



2 Castings PLC 8 –


310 Centrica PLC 815 0.05

21 Chemring Group PLC 44 –

4 Chesnara PLC 15 –



2 Clarkson PLC 49 –


1 CLS Holdings PLC 23 –

123 Cobham PLC 252 0.02

15 Coca-Cola HBC AG 314 0.02

21 Communisis PLC 10 –

57 Compass Group PLC 968 0.06

8 Computacenter PLC 72 –

2 Consort Medical PLC 30 –

5 Costain Group PLC 21 –

9 Countrywide PLC 19 –

3 Cranswick PLC 72 –


9 Croda International PLC 386 0.02

16 CYBG PLC 56 –

1 Daejan Holdings PLC 50 –


9 Dairy Crest Group PLC 64 –

4 DCC PLC 335 0.02

9 De La Rue PLC 66 –

95 Debenhams PLC 65 –

4 Dechra Pharmaceuticals PLC 72 –

16 Devro PLC 28 –

80 Diageo PLC 2,013 0.12

3 Dialight PLC 22 –



110 Direct Line Insurance Group PLC 477 0.03

67 Dixons Carphone PLC 276 0.02




6 Dunelm Group PLC 60 –

9 e2v technologies PLC 20 –

9 easyJet PLC 113 0.01



133 EnQuest PLC 50 –

41 Enterprise Inns PLC 56 –

2 Entertainment One Ltd 6 –

21 esure Group PLC 52 –

4 Euromoney Institutional Investor PLC 49 –

30 Evraz PLC 89 0.01

45 Experian PLC 855 0.05

2 FDM Group Holdings PLC 15 –

15 Fenner PLC 46 –

13 Ferrexpo PLC 21 –

3 Fidessa Group PLC 72 –


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12 Foxtons Group PLC 15 –

10 Fresnillo PLC 151 0.01

1 Fuller Smith & Turner PLC 8 –

97 G4S PLC 297 0.02


4 GAME Digital PLC 3 –

– Games Workshop Group PLC 3 –

11 Gem Diamonds Ltd 14 –


154 GKN PLC 596 0.04

147 GlaxoSmithKline PLC 2,744 0.16

323 Glencore PLC 1,130 0.07

3 Go-Ahead Group PLC 67 –

21 Gocompare.Com Group PLC 16 –





6 Greggs PLC 66 –


11 Gulf Marine Services PLC 7 –


16 Halfords Group PLC 67 –

27 Halma PLC 315 0.02

17 Hargreaves Lansdown PLC 243 0.01

94 Hays PLC 164 0.01

7 Headlam Group PLC 42 –

9 Helical PLC 34 –


9 Hikma Pharmaceuticals PLC 194 0.01


1 Hilton Food Group PLC 10 –


24 Hochschild Mining PLC 65 –

14 Hogg Robinson Group PLC 12 –





6 Huntsworth PLC 3 –

35 ICAP PLC 216 0.01


9 IHS Markit Ltd 338 0.02

22 Imagination Technologies Group PLC 61 –

17 IMI PLC 204 0.01

29 Imperial Tobacco Group PLC 1,225 0.07





13 InterContinental Hotels Group PLC 539 0.03


47 International Consolidated Airlines Group SA 255 0.02

13 International Personal Finance PLC 44 –

8 Interserve PLC 31 –

11 Intertek Group PLC 450 0.03

55 Investec PLC 359 0.02

20 IP Group PLC 34 –

19 ITE Group PLC 35 –

175 ITV PLC 368 0.02






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10 Jimmy Choo PLC 16 –

7 John Menzies PLC 44 –


14 Johnson Matthey PLC 564 0.03

24 JRP Group PLC 40 –


23 Just Eat PLC 166 0.01


26 Kcom Group PLC 34 –

7 Keller Group PLC 68 –




18 Laird PLC 35 –

14 Lamprell PLC 15 –


11 Lavendon Group PLC 30 –

379 Legal & General Group PLC 1,115 0.07

1,826 Lloyds Banking Group PLC 1,319 0.08

11 London Stock Exchange Group PLC 366 0.02

20 Lonmin PLC 38 –

24 Lookers PLC 31 –

14 Low & Bonar PLC 12 –

4 LSL Property Services PLC 9 –


89 Marks & Spencer Group PLC 364 0.02

12 Marshalls PLC 45 –


18 McBride PLC 38 –

8 Mears Group PLC 45 –

11 Mediclinic International PLC 98 0.01



51 Merlin Entertainments PLC 279 0.02

14 Michael Page International PLC 67 –


13 Millennium & Copthorne Hotels PLC 70 –

16 Mitchells & Butlers PLC 44 –


24 Mondi PLC 490 0.03


19 Morgan Crucible Co PLC 69 –

2 Morgan Sindall Group PLC 19 –

7 Mothercare PLC 9 –

14 N Brown Group PLC 36 –


118 National Grid PLC 1,342 0.08

14 Ncc Group PLC 32 –

6 Next PLC 399 0.02

5 Norcros PLC 10 –

10 Northgate PLC 54 –

5 Novae Group PLC 55 –


220 Old Mutual PLC 521 0.03


64 Ophir Energy PLC 63 –

3 Oxford Instruments PLC 24 –


4 PayPoint PLC 48 –


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131 Pendragon PLC 50 –


20 Persimmon PLC 429 0.03

33 Petra Diamonds Ltd 68 –


262 Petropavlovsk PLC 23 –

27 Pets at Home Group Plc 73 –


15 Photo-Me International PLC 26 –


13 Polypipe Group PLC 49 –

3 Porvair PLC 17 –

69 Premier Foods PLC 38 –

59 Premier Oil PLC 44 –

9 Provident Financial PLC 341 0.02

71 Prudential PLC 1,371 0.08

2 PureTech Health Plc 4 –

17 PZ Cussons PLC 66 –


4 Randgold Resources Ltd 296 0.02

16 Rank Group PLC 38 –


7 Raven Russia Ltd 3 –

17 Reckitt Benckiser Group PLC 1,400 0.08


50 Regus PLC 147 0.01

48 RELX PLC 817 0.05


9 Renold PLC 5 –


13 Restaurant Group PLC 54 –

3 Ricardo PLC 29 –


47 Rio Tinto PLC 1,786 0.10

4 Robert Walters PLC 15 –

107 Rolls-Royce Holdings PLC 905 0.05

4,926 Rolls Royce Holdings PLC, Class C 6 –

59 Rotork PLC 172 0.01






25 RPS Group PLC 58 –

67 RSA Insurance Group PLC 456 0.03

68 Saga PLC 162 0.01

54 Sage Group PLC 443 0.03

9 Savills PLC 72 –

3 Schroders PLC (non-voting rights) 67 –

6 Schroders PLC (voting rights) 223 0.01

5 SDL PLC 28 –

31 Senior PLC 72 –

6 Sepura PLC 2 –


19 Severfield PLC 18 –

16 Severn Trent PLC 434 0.03

47 Shanks Group PLC 54 –

19 Shire PLC 1,123 0.07

– Shire PLC, ADR 22 –

33 SIG PLC 37 –

51 Sky PLC 497 0.03

48 Smith & Nephew PLC 671 0.04




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35 Smiths Group PLC 625 0.04

12 Smiths News PLC 21 –

12 Soco International PLC 21 –


51 Speedy Hire PLC 28 –


12 Spire Healthcare Group PLC 54 –

48 Spirent Communications PLC 48 –

12 Sportech PLC 11 –

14 Sports Direct International PLC 54 –

56 SSE PLC 1,034 0.06


15 St Ives PLC 23 –

33 St James's Place PLC 386 0.02

21 St Modwen Properties PLC 75 –

23 Stagecoach Group PLC 58 –


89 Standard Life PLC 385 0.02

6 SThree PLC 20 –

17 Stobart Group Ltd 34 –

2 SuperGroup PLC 45 –


33 TalkTalk Telecom Group PLC 66 –

3 Tarsus Group PLC 11 –


222 Taylor Wimpey PLC 411 0.02

2 Ted Baker PLC 60 –

5 Telecom Plus PLC 73 –

434 Tesco PLC 1,133 0.07


11 Topps Tiles PLC 12 –


3 Trifast PLC 6 –

27 Trinity Mirror PLC 27 –

14 TT Electronics PLC 25 –

28 TUI AG 375 0.02



6 Tyman PLC 18 –

13 U & I Group PLC 28 –

26 UBM PLC 235 0.01



38 Unilever PLC 1,524 0.09


39 United Utilities Group PLC 428 0.03

24 Vectura Group PLC 43 –

7 Vedanta Resources PLC 70 –



14 Virgin Money Holdings UK PLC 54 –

1 Vitec Group PLC 5 –

909 Vodafone Group PLC 2,196 0.13

1 Vp PLC 11 –



9 Whitbread PLC 397 0.02


8 Wincanton PLC 23 –

183 Wm Morrison Supermarkets PLC 497 0.03

13 Wolseley PLC 781 0.05

26 Worldpay Group PLC 88 0.01

37 WPP PLC 800 0.05

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5 Xaar PLC 24 –

1 XP Power Ltd 14 –

13 Zoopla Property Group PLC 53 –

105,502 6.16

United States - 57.65%

2 1-800-Flowers.com Inc 25 –

2 1st Source Corp 71 –

3 3D Systems Corp 39 –

19 3M Co 3,222 0.19

2 A H Belo Corp 13 –

3 A Schulman Inc 95 0.01

2 A-Mark Precious Metals Inc 25 –

4 AAON Inc 117 0.01

3 AAR Corp 123 0.01

6 Aaron's Inc 181 0.01

1 Abaxis Inc 40 –

46 Abbott Laboratories 1,759 0.10

50 AbbVie Inc 3,067 0.18

2 Abeona Therapeutics Inc 11 –

5 Abercrombie & Fitch Co 66 –

2 ABIOMED Inc 202 0.01

5 ABM Industries Inc 223 0.01

9 Abraxas Petroleum Corp 19 –

2 Acacia Research Corp 14 –

6 Acadia Healthcare Co Inc 244 0.01

19 Accenture PLC 2,243 0.13

2 Access National Corp 59 –

9 ACCO Brands Corp 117 0.01

3 Accretive Health Inc 8 –

5 Accuray Inc 28 –

2 Aceto Corp 44 –

11 ACI Worldwide Inc 196 0.01

1 ACNB Corp 20 –

3 Acorda Therapeutics Inc 52 –

29 Activision Blizzard Inc 1,053 0.06

3 Actua Corp 47 –

4 Actuant Corp 106 0.01

3 Acuity Brands Inc 730 0.04

6 Acxiom Corp 161 0.01

3 Adamas Pharmaceuticals Inc 51 –

1 Adams Resources & Energy Inc 20 –

1 Addus HomeCare Corp 42 –

1 Adeptus Health Inc 5 –

9 Adobe Systems Inc 891 0.05

4 ADTRAN Inc 86 0.01

4 Advance Auto Parts Inc 622 0.04

2 Advanced Drainage Systems Inc 51 –

2 Advanced Energy Industries Inc 138 0.01

64 Advanced Micro Devices Inc 571 0.03

1 AdvanSix Inc 18 –

3 Advisory Board Co 93 0.01

14 AECOM 497 0.03

2 Aegion Corp 58 –

1 AEP Industries Inc 97 0.01

4 Aerojet Rocketdyne Holdings Inc 89 0.01

3 Aerovironment Inc 81 0.01

46 AES Corp 530 0.03

14 Aetna Inc 1,893 0.11

4 Affiliated Managers Group Inc 543 0.03

21 Aflac Inc 1,510 0.09

7 AGCO Corp 393 0.02

16 Agilent Technologies Inc 712 0.04




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United States - 57.65% (continued)

2 Agilysys Inc 16 –

10 Air Lease Corp 345 0.02

4 Air Methods Corp 116 0.01

10 Air Products & Chemicals Inc 1,473 0.09

7 Air Transport Services Group Inc 107 0.01

7 Aircastle Ltd 159 0.01

12 AK Steel Holding Corp 108 0.01

12 Akamai Technologies Inc 826 0.05

7 Akorn Inc 147 0.01

1 Alamo Group Inc 73 –

11 Alaska Air Group Inc 939 0.06

2 Albany International Corp 81 0.01

3 Albany Molecular Research Inc 44 –

8 Albemarle Corp 736 0.04

7 Alcoa Corp 204 0.01

5 Alere Inc 208 0.01

4 Alexander & Baldwin Inc 198 0.01

5 Alexion Pharmaceuticals Inc 661 0.04

1 Alico Inc 16 –

3 Align Technology Inc 311 0.02

6 Alkermes PLC 317 0.02

1 Alleghany Corp 698 0.04

7 Allegheny Technologies Inc 117 0.01

1 Allegiant Travel Co 154 0.01

6 Allegion PLC 416 0.02

10 Allergan plc 1,995 0.12

3 ALLETE Inc 213 0.01

3 Alliance Data Systems Corp 742 0.04

1 Alliance HealthCare Services Inc 7 –

2 Alliance One International Inc 26 –

16 Alliant Energy Corp 573 0.03

1 Allied Motion Technologies Inc 27 –

7 Allied World Assurance Co Holdings AG 350 0.02

13 Allison Transmission Holdings Inc 444 0.03

17 Allscripts Healthcare Solutions Inc 189 0.01

17 Allstate Corp 1,163 0.07

49 Ally Financial Inc 953 0.06

1 Almost Family Inc 55 –

3 Alnylam Pharmaceuticals Inc 139 0.01

5 Alon USA Energy Inc 47 –

1 Alpha & Omega Semiconductor Ltd 31 –

7 Alphabet Inc, Class A 5,491 0.32

8 Alphabet Inc, Class C 6,136 0.36

– Altisource Asset Management Corp 2 –

1 Altisource Portfolio Solutions SA 26 –

3 Altra Industrial Motion Corp 92 0.01

61 Altria Group Inc 3,909 0.23

1 AMAG Pharmaceuticals Inc 25 –

13 Amazon.com Inc 10,031 0.59

4 Ambac Financial Group Inc 93 0.01

1 Ambarella Inc 86 0.01

3 AMC Entertainment Holdings Inc 87 0.01

3 AMC Networks Inc 192 0.01

10 Amdocs Ltd 613 0.04

3 Amedisys Inc 103 0.01

1 AMERCO 427 0.03

13 Ameren Corp 627 0.04

4 Ameresco Inc 25 –

1 America's Car-Mart Inc 43 –

27 American Airlines Group Inc 1,254 0.07

7 American Axle & Manufacturing Holdings Inc 117 0.01

18 American Eagle Outfitters Inc 290 0.02

24 American Electric Power Co Inc 1,392 0.08

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7 American Equity Investment Life Holding Co 151 0.01

43 American Express Co 3,109 0.18

7 American Financial Group Inc 591 0.04

28 American International Group Inc 1,766 0.10

1 American National Bankshares Inc 22 –

2 American National Insurance Co 227 0.01

3 American Public Education Inc 64 –

1 American Railcar Industries Inc 47 –

2 American Software Inc 18 –

2 American States Water Co 93 0.01

2 American Vanguard Corp 44 –

9 American Water Works Co Inc 678 0.04

1 American Woodmark Corp 99 0.01

11 Ameriprise Financial Inc 1,239 0.07

4 Ameris Bancorp 160 0.01

2 Amerisafe Inc 115 0.01

9 AmerisourceBergen Corp 732 0.04

– Ames National Corp 14 –

14 AMETEK Inc 675 0.04

25 Amgen Inc 3,557 0.21

5 Amicus Therapeutics Inc 27 –

20 Amkor Technology Inc 233 0.01

3 AMN Healthcare Services Inc 90 0.01

1 Ampco-Pittsburgh Corp 20 –

4 Amphastar Pharmaceuticals Inc 72 –

14 Amphenol Corp 960 0.06

5 Amsurg Corp 364 0.02

15 AmTrust Financial Services Inc 385 0.02

20 Anadarko Petroleum Corp 1,388 0.08

11 Analog Devices Inc 804 0.05

1 Analogic Corp 129 0.01

3 Andersons Inc 103 0.01

5 Angie's List Inc 42 –

3 AngioDynamics Inc 53 –

1 Anika Therapeutics Inc 70 –

3 Anixter International Inc 237 0.01

6 ANSYS Inc 598 0.04

19 Antero Resources Corp 475 0.03

13 Anthem Inc 1,837 0.11

10 AO Smith Corp 485 0.03

13 Aon PLC 1,438 0.08

15 Apache Corp 981 0.06

2 Apogee Enterprises Inc 108 0.01

7 Apollo Education Group Inc 67 –

222 Apple Inc 24,481 1.43

3 Applied Industrial Technologies Inc 163 0.01

52 Applied Materials Inc 1,673 0.10

8 Approach Resources Inc 27 –

5 AptarGroup Inc 358 0.02

1 Aptevo Therapeutics Inc 2 –

13 Aqua America Inc 381 0.02

– Aralez Pharmaceuticals Inc 1 –

16 Aramark 560 0.03

5 ARC Document Solutions Inc 23 –

2 ArcBest Corp 55 –

10 Arch Capital Group Ltd 796 0.05

26 Archer-Daniels-Midland Co 1,127 0.07

5 Archrock Inc 68 –

21 Arconic Inc 406 0.02

1 Arctic Cat Inc 21 –

1 Argan Inc 88 0.01

1 Argo Group International Holdings Ltd 47 –

3 Arista Networks Inc 284 0.02




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4 Armstrong Flooring Inc 70 –

4 Armstrong World Industries Inc 170 0.01

14 ARRIS International PLC 399 0.02

8 Arrow Electronics Inc 527 0.03

1 Arrow Financial Corp 47 –

1 Artesian Resources Corp 30 –

12 Arthur J Gallagher & Co 586 0.03

2 Artisan Partners Asset Management Inc 57 –

2 Asbury Automotive Group Inc 100 0.01

15 Ascena Retail Group Inc 93 0.01

3 Ascent Capital Group Inc 50 –

– Ashford Inc 3 –

5 Ashland Global Holdings Inc 510 0.03

5 Aspen Insurance Holdings Ltd 234 0.01

6 Aspen Technology Inc 315 0.02

13 Associated Banc-Corp 295 0.02

– Associated Capital Group Inc 14 –

5 Assurant Inc 454 0.03

12 Assured Guaranty Ltd 420 0.03

1 Asta Funding Inc 12 –

2 Astec Industries Inc 146 0.01

7 Astoria Financial Corp 114 0.01

2 Astronics Corp 70 –

1 Astronics Corp, Class B 33 –

1 AstroNova Inc 8 –

353 AT&T Inc 13,620 0.80

2 athenahealth Inc 146 0.01

3 Atlantic Coast Financial Corp 24 –

2 Atlantic Power Corp 4 –

2 Atlantic Power Corp (NPV placement) 6 –

3 Atlas Air Worldwide Holdings Inc 127 0.01

1 Atlas Financial Holdings Inc 8 –

8 Atmos Energy Corp 540 0.03

1 ATN International Inc 102 0.01

– Atrion Corp 84 0.01

4 Atwood Oceanics Inc 41 –

6 Autodesk Inc 407 0.02

6 Autoliv Inc 626 0.04

12 Automatic Data Processing Inc 1,164 0.07

8 AutoNation Inc 356 0.02

1 AutoZone Inc 925 0.05

2 AV Homes Inc 35 –

6 Avangrid Inc 205 0.01

7 Avery Dennison Corp 486 0.03

3 Avid Technology Inc 13 –

9 Avis Budget Group Inc 339 0.02

5 Avista Corp 201 0.01

11 Avnet Inc 504 0.03

33 Avon Products Inc 176 0.01

13 AVX Corp 191 0.01

5 Aware Inc 27 –

18 Axalta Coating Systems Ltd 473 0.03

3 Axcelis Technologies Inc 38 –

8 Axis Capital Holdings Ltd 479 0.03

4 AXT Inc 20 –

2 AZZ Inc 138 0.01

5 B&G Foods Inc 199 0.01

6 B/E Aerospace Inc 389 0.02

5 Babcock & Wilcox Enterprises Inc 76 –

2 Badger Meter Inc 82 0.01

18 Baker Hughes Inc 1,181 0.07

2 Balchem Corp 155 0.01

2 Baldwin & Lyons Inc 55 –

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7 Ball Corp 549 0.03

4 Banc of California Inc 62 –

2 BancFirst Corp 131 0.01

5 Bancorp Inc 34 –

9 BancorpSouth Inc 263 0.02

6 Bank Mutual Corp 49 –

259 Bank of America Corp 5,461 0.32

3 Bank of Hawaii Corp 278 0.02

1 Bank of Marin Bancorp 38 –

28 Bank of New York Mellon Corp 1,327 0.08

7 Bank of the Ozarks Inc 326 0.02

2 BankFinancial Corp 27 –

9 Bankrate Inc 89 0.01

7 BankUnited Inc 253 0.02

3 Banner Corp 165 0.01

1 Bar Harbor Bankshares 31 –

4 Barnes & Noble Education Inc 44 –

5 Barnes & Noble Inc 67 –

5 Barnes Group Inc 245 0.01

4 Barracuda Networks Inc 86 0.01

1 Bassett Furniture Industries Inc 32 –

20 Baxter International Inc 885 0.05

7 Bazaarvoice Inc 35 –

33 BB&T Corp 1,494 0.09

1 BCB Bancorp Inc 11 –

5 Beacon Roofing Supply Inc 247 0.01

3 Beazer Homes USA Inc 43 –

7 Becton Dickinson and Co 1,148 0.07

12 Bed Bath & Beyond Inc 530 0.03

1 Bel Fuse Inc 33 –

3 Belden Inc 248 0.02

7 Belmond Ltd 91 0.01

7 Bemis Co Inc 372 0.02

4 Benchmark Electronics Inc 120 0.01

7 Beneficial Bancorp Inc 117 0.01

59 Berkshire Hathaway Inc 9,280 0.54

3 Berkshire Hills Bancorp Inc 99 0.01

8 Berry Plastics Group Inc 379 0.02

26 Best Buy Co Inc 1,173 0.07

23 BGC Partners Inc 226 0.01

2 Big 5 Sporting Goods Corp 37 –

4 Big Lots Inc 226 0.01

– Biglari Holdings Inc 87 0.01

3 Bill Barrett Corp 22 –

2 Bio-Rad Laboratories Inc 404 0.02

2 Bio-Techne Corp 182 0.01

8 Biogen Inc 2,442 0.14

4 BioMarin Pharmaceutical Inc 360 0.02

7 BioScrip Inc 8 –

1 BioSpecifics Technologies Corp 35 –

2 BioTelemetry Inc 49 –

2 BJ's Restaurants Inc 74 –

3 Black Box Corp 44 –

5 Black Diamond Inc 32 –

3 Black Hills Corp 199 0.01

3 Black Knight Financial Services Inc 103 0.01

3 Blackbaud Inc 164 0.01

3 Blackhawk Network Holdings Inc 125 0.01

3 BlackRock Inc 1,093 0.06

10 Bloomin' Brands Inc 181 0.01

5 Blucora Inc 76 0.01

3 Blue Bird Corp 47 –

12 Blue Buffalo Pet Products Inc 284 0.02




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4 Blue Hills Bancorp Inc 69 –

1 Blue Nile Inc 48 –

1 Bluebird Bio Inc 59 –

6 BMC Stock Holdings Inc 111 0.01

4 BNC Bancorp 131 0.01

2 Bob Evans Farms Inc 87 0.01

4 BofI Holding Inc 91 0.01

2 Boingo Wireless Inc 27 –

3 Boise Cascade Co 75 –

4 BOK Financial Corp 332 0.02

– Bon-Ton Stores Inc 1 –

3 Boot Barn Holdings Inc 44 –

9 Booz Allen Hamilton Holding Corp 329 0.02

21 BorgWarner Inc 755 0.04

1 Boston Beer Co Inc 107 0.01

9 Boston Private Financial Holdings Inc 135 0.01

35 Boston Scientific Corp 707 0.04

2 Bottomline Technologies de Inc 45 –

4 Brady Corp 133 0.01

2 Bravo Brio Restaurant Group Inc 7 –

2 Bridge Bancorp Inc 54 –

6 Bridgepoint Education Inc 65 –

4 Briggs & Stratton Corp 93 0.01

5 Bright Horizons Family Solutions Inc 311 0.02

4 Brink's Co 145 0.01

4 Brinker International Inc 208 0.01

32 Bristol-Myers Squibb Co 1,795 0.11

2 Bristow Group Inc 34 –

10 Broadcom Ltd 1,716 0.10

8 Broadridge Financial Solutions Inc 492 0.03

38 Brocade Communications Systems Inc 474 0.03

17 Brookdale Senior Living Inc 201 0.01

6 Brookline Bancorp Inc 91 0.01

6 Brooks Automation Inc 95 0.01

11 Brown & Brown Inc 468 0.03

3 Brown-Forman Corp, Class A 132 0.01

7 Brown-Forman Corp, Class B 325 0.02

10 Bruker Corp 217 0.01

8 Brunswick Corp 401 0.02

2 Bryn Mawr Bank Corp 72 –

1 BSB Bancorp Inc 28 –

1 Buckle Inc 37 –

1 Buffalo Wild Wings Inc 197 0.01

1 Build-A-Bear Workshop Inc 20 –

7 Builders FirstSource Inc 83 0.01

12 Bunge Ltd 824 0.05

5 Burlington Stores Inc 453 0.03

9 BWX Technologies Inc 372 0.02

– C&F Financial Corp 10 –

28 CA Inc 884 0.05

6 Cabela's Inc 375 0.02

– Cable One Inc 269 0.02

5 Cabot Corp 241 0.01

2 Cabot Microelectronics Corp 105 0.01

21 Cabot Oil & Gas Corp 459 0.03

2 CACI International Inc 243 0.01

16 Cadence Design Systems Inc 431 0.03

10 Caesars Entertainment Corp 72 –

2 CAI International Inc 16 –

4 Cal-Maine Foods Inc 172 0.01

2 Calamos Asset Management Inc 12 –

1 CalAmp Corp 20 –

10 CalAtlantic Group Inc 334 0.02

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1 Calavo Growers Inc 65 –

4 Caleres Inc 147 0.01

5 Calgon Carbon Corp 80 0.01

3 California Water Service Group 95 0.01

6 Calix Inc 47 –

9 Callaway Golf Co 105 0.01

7 Callon Petroleum Co 131 0.01

35 Calpine Corp 390 0.02

5 Cambium Learning Group Inc 23 –

3 Cambrex Corp 134 0.01

1 Camden National Corp 49 –

11 Campbell Soup Co 647 0.04

2 Cantel Medical Corp 146 0.01

1 Capella Education Co 107 0.01

2 Capital Bank Financial Corp 90 0.01

2 Capital City Bank Group Inc 31 –

20 Capital One Financial Corp 1,691 0.10

2 Capital Senior Living Corp 28 –

12 Capitol Federal Financial Inc 198 0.01

– Cara Therapeutics Inc 2 –

1 CARBO Ceramics Inc 10 –

3 Cardinal Financial Corp 87 0.01

17 Cardinal Health Inc 1,187 0.07

3 Cardtronics PLC 162 0.01

8 Career Education Corp 79 0.01

5 Carlisle Cos Inc 533 0.03

17 CarMax Inc 1,001 0.06

2 Carmike Cinemas Inc 60 –

17 Carnival Corp 882 0.05

2 Carolina Financial Corp 42 –

4 Carpenter Technology Corp 154 0.01

2 Carriage Services Inc 41 –

5 Carrizo Oil & Gas Inc 202 0.01

2 Carrols Restaurant Group Inc 32 –

3 Carter's Inc 295 0.02

6 Cascade Bancorp 47 –

4 Casella Waste Systems Inc 47 –

4 Casey's General Stores Inc 431 0.03

1 Cass Information Systems Inc 58 –

9 Catalent Inc 210 0.01

25 Caterpillar Inc 2,366 0.14

7 Cathay General Bancorp 245 0.01

2 Cato Corp 71 –

1 Cavco Industries Inc 63 –

2 Cavium Inc 103 0.01

7 CBIZ Inc 81 0.01

6 CBOE Holdings Inc 387 0.02

27 CBRE Group Inc 780 0.05

– CBS Corp, Class A (voting rights) 26 –

22 CBS Corp, Class B (non-voting rights) 1,320 0.08

2 CDI Corp 12 –

10 CDK Global Inc 553 0.03

10 CDW Corp 535 0.03

2 CEB Inc 93 0.01

5 CECO Environmental Corp 75 –

5 Celadon Group Inc 38 –

10 Celanese Corp 773 0.05

24 Celgene Corp 2,810 0.16

10 Centene Corp 580 0.03

30 CenterPoint Energy Inc 720 0.04

4 CenterState Banks Inc 91 0.01

6 Central European Media Enterprises Ltd 15 –

4 Central Garden & Pet Co 101 0.01




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3 Central Pacific Financial Corp 95 0.01

1 Central Valley Community Bancorp 14 –

– Centrue Financial Corp 8 –

7 Century Aluminum Co 66 –

– Century Bancorp Inc 15 –

2 Century Casinos Inc 12 –

2 Century Communities Inc 39 –

42 CenturyLink Inc 983 0.06

15 Cerner Corp 756 0.04

1 CEVA Inc 34 –

17 CF Industries Holdings Inc 483 0.03

9 CH Robinson Worldwide Inc 661 0.04

3 Charles River Laboratories International Inc 207 0.01

35 Charles Schwab Corp 1,357 0.08

3 Chart Industries Inc 124 0.01

6 Charter Communications Inc 1,560 0.09

1 Charter Financial Corp 14 –

1 Chase Corp 96 0.01

4 Cheesecake Factory Inc 217 0.01

1 Chefs' Warehouse Inc 17 –

1 Chemed Corp 172 0.01

6 Chemical Financial Corp 313 0.02

5 Chemtura Corp 172 0.01

– Chemung Financial Corp 5 –

17 Cheniere Energy Inc 707 0.04

4 Cheniere Energy Partners LP Holdings LLC 88 0.01

1 Cherokee Inc 8 –

54 Chesapeake Energy Corp 378 0.02

1 Chesapeake Utilities Corp 74 –

49 Chevron Corp 5,469 0.32

8 Chicago Bridge & Iron Co NV 270 0.02

10 Chico's FAS Inc 159 0.01

2 Children's Place Inc 166 0.01

1 Chipotle Mexican Grill Inc 380 0.02

4 Choice Hotels International Inc 217 0.01

3 Christopher & Banks Corp 5 –

12 Chubb Ltd 1,510 0.09

13 Church & Dwight Co Inc 567 0.03

1 Churchill Downs Inc 175 0.01

1 Chuy's Holdings Inc 41 –

9 Ciber Inc 8 –

9 Ciena Corp 184 0.01

8 Cigna Corp 1,103 0.07

3 Cimarex Energy Co 482 0.03

2 Cimpress NV 175 0.01

3 Cincinnati Bell Inc 65 –

8 Cincinnati Financial Corp 587 0.03

11 Cinemark Holdings Inc 422 0.03

6 Cintas Corp 687 0.04

2 CIRCOR International Inc 111 0.01

5 Cirrus Logic Inc 290 0.02

160 Cisco Systems Inc 4,773 0.28

16 CIT Group Inc 640 0.04

2 Citi Trends Inc 29 –

73 Citigroup Inc 4,137 0.24

1 Citizens & Northern Corp 24 –

24 Citizens Financial Group Inc 791 0.05

3 Citizens Inc 30 –

8 Citrix Systems Inc 666 0.04

1 City Holding Co 79 0.01

19 Civeo Corp 37 –

1 Civista Bancshares Inc 13 –

2 Civitas Solutions Inc 30 –

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3 CLARCOR Inc 238 0.01

1 Clayton Williams Energy Inc 93 0.01

13 Clean Energy Fuels Corp 46 –

5 Clean Harbors Inc 239 0.01

6 Clear Channel Outdoor 30 –

– ClearOne Inc 5 –

1 Clearwater Paper Corp 86 0.01

15 Cliffs Natural Resources Inc 129 0.01

3 Clifton Bancorp Inc 41 –

6 Clorox Co 720 0.04

5 Cloud Peak Energy Inc 26 –

5 ClubCorp Holdings Inc 61 –

10 CME Group Inc 1,105 0.07

15 CMS Energy Corp 596 0.04

2 CNA Financial Corp 66 –

2 CNB Financial Corp 41 –

7 CNO Financial Group Inc 127 0.01

14 Coach Inc 507 0.03

23 Cobalt International Energy Inc 31 –

4 CoBiz Financial Inc 60 –

– Coca-Cola Bottling Co Consolidated 65 –

120 Coca-Cola Co 4,861 0.28

2 Codorus Valley Bancorp Inc 38 –

8 Coeur Mining Inc 74 –

3 Cogent Communications Holdings Inc 109 0.01

4 Cognex Corp 223 0.01

24 Cognizant Technology Solutions Corp 1,308 0.08

3 Cohen & Steers Inc 112 0.01

2 Coherent Inc 257 0.02

3 Cohu Inc 41 –

10 Colfax Corp 395 0.02

28 Colgate-Palmolive Co 1,796 0.11

1 Collectors Universe Inc 30 –

5 Columbia Banking System Inc 208 0.01

5 Columbia Sportswear Co 285 0.02

3 Columbus McKinnon Corp 71 –

124 Comcast Corp 8,610 0.50

13 Comerica Inc 838 0.05

3 Comfort Systems USA Inc 90 0.01

9 Commerce Bancshares Inc 491 0.03

1 CommerceHub Inc, Class A 11 –

1 CommerceHub Inc, Class C 22 –

9 Commercial Metals Co 193 0.01

5 Commercial Vehicle Group Inc 24 –

12 CommScope Holding Co Inc 418 0.02

4 Community Bank System Inc 234 0.01

3 Community Bankers Trust Corp 17 –

9 Community Health Systems Inc 50 –

2 Community Trust Bancorp Inc 66 –

3 Compass Minerals International Inc 208 0.01

1 Computer Programs & Systems Inc 14 –

12 Computer Sciences Corp 716 0.04

2 Computer Task Group Inc 6 –

3 Comtech Telecommunications Corp 29 –

15 Conagra Brands Inc 549 0.03

1 Concert Pharmaceuticals Inc 7 –

6 Concho Resources Inc 803 0.05

3 CONMED Corp 111 0.01

1 Conn's Inc 11 –

1 Connecticut Water Service Inc 55 –

2 ConnectOne Bancorp Inc 59 –

33 ConocoPhillips 1,594 0.09

21 CONSOL Energy Inc 426 0.03




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5 Consolidated Communications Holdings Inc 130 0.01

16 Consolidated Edison Inc 1,089 0.06

– Consolidated-Tomoka Land Co 21 –

6 Constellation Brands Inc 938 0.06

2 Consumer Portfolio Services Inc 9 –

1 Container Store Group Inc 7 –

5 Contango Oil & Gas Co 47 –

4 Continental Building Products Inc 82 0.01

6 Continental Resources Inc 344 0.02

9 Convergys Corp 225 0.01

4 Cooper Cos Inc 594 0.04

5 Cooper Tire & Rubber Co 178 0.01

1 Cooper-Standard Holdings Inc 134 0.01

3 Copa Holdings SA 241 0.01

7 Copart Inc 406 0.02

3 Core Laboratories NV 301 0.02

1 Core Molding Technologies Inc 15 –

3 Core-Mark Holding Co Inc 117 0.01

7 CoreLogic Inc 264 0.02

44 Corning Inc 1,063 0.06

1 CorVel Corp 33 –

1 CoStar Group Inc 242 0.01

14 Costco Wholesale Corp 2,154 0.13

32 Coty Inc 603 0.04

12 Covanta Holding Corp 168 0.01

1 Covenant Transportation Group Inc 30 –

2 Covisint Corp 4 –

10 Cowen Group Inc 35 –

4 CR Bard Inc 769 0.05

1 CRA International Inc 36 –

2 Cracker Barrel Old Country Store Inc 253 0.02

2 Craft Brew Alliance Inc 24 –

5 Crane Co 354 0.02

3 Crawford & Co, Class A 30 –

2 Crawford & Co, Class B 21 –

2 Cray Inc 48 –

1 Credit Acceptance Corp 273 0.02

8 Cree Inc 201 0.01

1 Crimson Wine Group Ltd 5 –

6 Crocs Inc 41 –

3 Cross Country Healthcare Inc 42 –

9 Crown Holdings Inc 489 0.03

2 CryoLife Inc 45 –

3 CSG Systems International Inc 112 0.01

9 CSRA Inc 276 0.02

7 CST Brands Inc 331 0.02

1 CSW Industrials Inc 45 –

62 CSX Corp 2,224 0.13

2 CTS Corp 41 –

2 CU Bancorp 63 –

2 Cubic Corp 115 0.01

5 Cullen/Frost Bankers Inc 439 0.03

2 Culp Inc 53 –

10 Cummins Inc 1,444 0.09

2 Cumulus Media Inc 3 –

3 Curtiss-Wright Corp 342 0.02

3 Customers Bancorp Inc 82 0.01

10 CVB Financial Corp 215 0.01

3 CVR Energy Inc 52 –

49 CVS Health Corp 3,762 0.22

1 Cynosure Inc 63 –

26 Cypress Semiconductor Corp 290 0.02

– Daily Journal Corp 17 –

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5 Daktronics Inc 48 –

12 Dana Inc 199 0.01

17 Danaher Corp 1,355 0.08

9 Darden Restaurants Inc 678 0.04

15 Darling Ingredients Inc 197 0.01

2 Datalink Corp 24 –

3 Dave & Buster's Entertainment Inc 152 0.01

14 DaVita Inc 892 0.05

1 Dawson Geophysical Co 9 –

7 Dean Foods Co 135 0.01

3 Deckers Outdoor Corp 176 0.01

20 Deere & Co 2,010 0.12

1 Del Frisco's Restaurant Group Inc 24 –

3 Del Taco Restaurants Inc 49 –

5 Delek US Holdings Inc 105 0.01

6 Dell Technologies Inc 307 0.02

13 Delphi Automotive PLC 836 0.05

43 Delta Air Lines Inc 2,066 0.12

1 Delta Apparel Inc 23 –

1 Delta Natural Gas Co Inc 25 –

1 Deltic Timber Corp 77 0.01

4 Deluxe Corp 248 0.02

19 Denbury Resources Inc 73 –

5 Denny's Corp 63 –

11 DENTSPLY SIRONA Inc 616 0.04

4 Depomed Inc 68 –

3 Derma Sciences Inc 14 –

1 Destination Maternity Corp 5 –

4 Destination XL Group Inc 17 –

14 Devon Energy Corp 669 0.04

5 DeVry Education Group Inc 146 0.01

3 DexCom Inc 170 0.01

7 DHI Group Inc 40 –

10 DHT Holdings Inc 37 –

– Diamond Hill Investment Group Inc 84 0.01

12 Diamond Offshore Drilling Inc 210 0.01

5 Diamondback Energy Inc 568 0.03

2 Dicerna Pharmaceuticals Inc 7 –

8 Dick's Sporting Goods Inc 486 0.03

4 Diebold Inc 101 0.01

2 Digi International Inc 28 –

5 DigitalGlobe Inc 172 0.01

3 Dillard's Inc 218 0.01

4 Dime Community Bancshares Inc 67 –

2 DineEquity Inc 154 0.01

4 Diodes Inc 87 0.01

2 Diplomat Pharmacy Inc 33 –

29 Discover Financial Services 1,945 0.11

12 Discovery Communications Inc, Class A 318 0.02

18 Discovery Communications Inc, Class C 480 0.03

9 DISH Network Corp 501 0.03

3 Dixie Group Inc 9 –

3 DMC Global Inc 45 –

4 Dolby Laboratories Inc 205 0.01

12 Dollar General Corp 925 0.05

11 Dollar Tree Inc 957 0.06

20 Dominion Resources Inc 1,467 0.09

3 Domino's Pizza Inc 583 0.03

5 Domtar Corp 207 0.01

8 Donaldson Co Inc 330 0.02

2 Donegal Group Inc 32 –

2 Donnelley Financial Solutions Inc 35 –

3 Dorian LPG Ltd 22 –




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2 Dorman Products Inc 160 0.01

2 Douglas Dynamics Inc 51 –

10 Dover Corp 758 0.04

31 Dow Chemical Co 1,721 0.10

22 DR Horton Inc 615 0.04

9 Dr Pepper Snapple Group Inc 806 0.05

2 Drew Industries Inc 171 0.01

3 Dril-Quip Inc 188 0.01

3 DSP Group Inc 34 –

3 DST Systems Inc 285 0.02

6 DSW Inc 148 0.01

9 DTE Energy Co 873 0.05

1 DTS Inc 64 –

1 Ducommun Inc 27 –

22 Duke Energy Corp 1,654 0.10

3 Dun & Bradstreet Corp 306 0.02

6 Dunkin' Brands Group Inc 317 0.02

2 DXP Enterprises Inc 74 –

4 Dyax Corp 5 –

2 Dycom Industries Inc 165 0.01

11 Dynegy Inc 99 0.01

22 E*TRADE Financial Corp 759 0.04

3 Eagle Bancorp Inc 197 0.01

3 Eagle Materials Inc 335 0.02

6 EarthLink Holdings Corp 33 –

13 East West Bancorp Inc 606 0.04

12 Eastman Chemical Co 875 0.05

2 Eastman Kodak Co 33 –

23 Eaton Corp PLC 1,559 0.09

8 Eaton Vance Corp 307 0.02

41 eBay Inc 1,138 0.07

2 Ebix Inc 101 0.01

2 Echo Global Logistics Inc 58 –

4 EchoStar Corp 188 0.01

3 Eclipse Resources Corp 9 –

13 Ecolab Inc 1,470 0.09

1 Edgewater Technology Inc 4 –

4 Edgewell Personal Care Co 285 0.02

15 Edison International 1,052 0.06

8 Edwards Lifesciences Corp 663 0.04

1 eHealth Inc 8 –

22 EI du Pont de Nemours & Co 1,633 0.10

2 El Paso Electric Co 95 0.01

2 El Pollo Loco Holdings Inc 30 –

2 Electro Scientific Industries Inc 12 –

11 Electronic Arts Inc 899 0.05

3 Electronics For Imaging Inc 127 0.01

33 Eli Lilly & Co 2,201 0.13

1 Ellie Mae Inc 99 0.01

1 EMC Insurance Group Inc 40 –

5 EMCOR Group Inc 342 0.02

3 EMCORE Corp 21 –

2 Emergent BioSolutions Inc 64 –

31 Emerson Electric Co 1,743 0.10

3 Empire District Electric Co 100 0.01

3 Employers Holdings Inc 103 0.01

2 Encore Capital Group Inc 46 –

2 Encore Wire Corp 94 0.01

1 Endo International PLC (Canada listing) 10 –

8 Endo International PLC (US listing) 125 0.01

5 Endurance Specialty Holdings Ltd 500 0.03

7 Energen Corp 433 0.03

5 Energizer Holdings Inc 205 0.01

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2 EnerNOC Inc 14 –

3 EnerSys 240 0.01

2 Engility Holdings Inc 91 0.01

12 EnLink Midstream LLC 229 0.01

2 Ennis Inc 38 –

2 Enova International Inc 21 –

1 EnPro Industries Inc 81 0.01

6 Ensco PLC 54 –

3 Ensign Group Inc 57 –

1 Enstar Group Ltd 266 0.02

11 Entegris Inc 192 0.01

2 Entercom Communications Corp 33 –

9 Entergy Corp 647 0.04

1 Enterprise Bancorp Inc 41 –

2 Enterprise Financial Services Corp 77 0.01

6 Entravision Communications Corp 42 –

2 Envestnet Inc 70 –

12 Envision Healthcare Holdings Inc 264 0.02

5 Enzo Biochem Inc 33 –

11 EOG Resources Inc 1,123 0.07

8 EP Energy Corp 42 –

2 EPAM Systems Inc 115 0.01

1 ePlus Inc 66 –

9 EQT Corp 656 0.04

6 Equifax Inc 702 0.04

2 Era Group Inc 20 –

3 Erie Indemnity Co 316 0.02

1 Escalade Inc 11 –

2 ESCO Technologies Inc 116 0.01

1 ESSA Bancorp Inc 12 –

3 Essendant Inc 61 –

6 Estee Lauder Cos Inc 466 0.03

2 Esterline Technologies Corp 217 0.01

3 Ethan Allen Interiors Inc 92 0.01

3 Euronet Worldwide Inc 244 0.01

1 Evans Bancorp Inc 20 –

10 EverBank Financial Corp 201 0.01

3 Evercore Partners Inc 197 0.01

2 Everest Re Group Ltd 504 0.03

5 Everi Holdings Inc 10 –

17 Eversource Energy 862 0.05

2 Everyday Health Inc 25 –

5 Evolution Petroleum Corp 43 –

6 EW Scripps Co 98 0.01

1 Exactech Inc 27 –

4 Exar Corp 40 –

44 Exelon Corp 1,441 0.08

2 ExlService Holdings Inc 94 0.01

2 ExOne Co 17 –

6 Expedia Inc 706 0.04

12 Expeditors International of Washington Inc 649 0.04

1 Exponent Inc 74 –

6 Express Inc 81 0.01

28 Express Scripts Holding Co 2,115 0.12

14 Extended Stay America Inc 221 0.01

3 Exterran Corp 65 –

8 Extreme Networks Inc 33 –

107 Exxon Mobil Corp 9,328 0.55

4 Ezcorp Inc 48 –

4 F5 Networks Inc 590 0.04

3 Fabrinet 130 0.01

46 Facebook Inc 5,475 0.32

3 FactSet Research Systems Inc 403 0.02




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2 Fair Isaac Corp 206 0.01

11 Fairmount Santrol Holdings Inc 106 0.01

2 FairPoint Communications Inc 25 –

1 Farmer Brothers Co 41 –

1 Farmers Capital Bank Corp 28 –

2 Farmers National Banc Corp 27 –

2 FARO Technologies Inc 68 –

12 Fastenal Co 587 0.03

1 FBL Financial Group Inc 42 –

3 FCB Financial Holdings Inc 152 0.01

1 Federal Agricultural Mortgage Corp 44 –

5 Federal Signal Corp 71 –

6 Federal-Mogul Holdings Corp 53 –

7 Federated Investors Inc 205 0.01

1 Federated National Holding Co 24 –

11 FedEx Corp 2,102 0.12

6 Ferro Corp 96 0.01

16 Ferroglobe PLC 179 0.01 16

Ferroglobe Representation & Warrants Insurance Trust – –

2 Fidelity & Guaranty Life 50 –

15 Fidelity National Information Services Inc 1,159 0.07

3 Fidelity Southern Corp 75 –

1 Fiesta Restaurant Group Inc 36 –

44 Fifth Third Bancorp 1,135 0.07

2 Financial Engines Inc 53 –

2 Financial Institutions Inc 64 –

10 Finisar Corp 323 0.02

4 Finish Line Inc 79 0.01

5 FireEye Inc 60 –

10 First American Financial Corp 373 0.02

1 First Bancorp Inc 38 –

21 First BanCorp (Puerto Rico) 127 0.01

2 First Bancorp (Southern Pines NC) 54 –

3 First Busey Corp 80 0.01

1 First Business Financial Services Inc 13 –

1 First Citizens BancShares Inc 354 0.02

8 First Commonwealth Financial Corp 101 0.01

2 First Community Bancshares Inc 57 –

1 First Connecticut Bancorp Inc 32 –

1 First Defiance Financial Corp 30 –

5 First Financial Bancorp 134 0.01

4 First Financial Bankshares Inc 153 0.01

1 First Financial Corp 53 –

2 First Financial Northwest Inc 26 –

2 First Foundation Inc 45 –

20 First Horizon National Corp 376 0.02

2 First Interstate BancSystem Inc 89 0.01

4 First Merchants Corp 132 0.01

1 First Mid-Illinois Bancshares Inc 30 –

7 First Midwest Bancorp Inc 182 0.01

2 First NBC Bank Holding Co 13 –

1 First Northwest Bancorp 7 –

2 First of Long Island Corp 59 –

7 First Republic Bank 565 0.03

7 First Solar Inc 216 0.01

4 FirstCash Inc 166 0.01

22 FirstEnergy Corp 674 0.04

10 Fiserv Inc 1,061 0.06

3 Five Below Inc 123 0.01

2 Five Prime Therapeutics Inc 124 0.01

1 Five Star Quality Care Inc 2 –

5 Flagstar Bancorp Inc 131 0.01

4 FleetCor Technologies Inc 643 0.04

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47 Flex Ltd 672 0.04

1 Flexsteel Industries Inc 49 –

10 FLIR Systems Inc 362 0.02

3 Flotek Industries Inc 37 –

16 Flowers Foods Inc 246 0.01

11 Flowserve Corp 537 0.03

4 Fluidigm Corp 23 –

10 Fluor Corp 542 0.03

2 Flushing Financial Corp 59 –

9 FMC Corp 518 0.03

15 FMC Technologies Inc 503 0.03

19 FNB Corp 284 0.02

23 FNF Group 749 0.04

6 FNFV Group 80 0.01

12 Foot Locker Inc 861 0.05

207 Ford Motor Co 2,474 0.15

4 Forestar Group Inc 59 –

6 FormFactor Inc 66 –

1 Forrester Research Inc 44 –

6 Fortinet Inc 190 0.01

10 Fortive Corp 562 0.03

11 Fortune Brands Home & Security Inc 630 0.04

9 Forum Energy Technologies Inc 189 0.01

2 Forward Air Corp 109 0.01

3 Fossil Group Inc 107 0.01

3 Fox Factory Holding Corp 72 –

3 Francesca's Holdings Corp 43 –

6 Frank's International NV 70 –

1 Franklin Covey Co 27 –

3 Franklin Electric Co Inc 126 0.01

16 Franklin Resources Inc 637 0.04

3 Fred's Inc 32 –

91 Freeport-McMoRan Inc 1,402 0.08

1 FreightCar America Inc 18 –

4 Fresh Del Monte Produce Inc 251 0.02

83 Frontier Communications Corp 303 0.02

1 FRP Holdings Inc 37 –

2 FTD Cos Inc 52 –

3 FTI Consulting Inc 144 0.01

16 Fulton Financial Corp 277 0.02

3 FutureFuel Corp 42 –

2 G&K Services Inc 157 0.01

3 G-III Apparel Group Ltd 94 0.01

6 Gain Capital Holdings Inc 41 –

1 GAMCO Investors Inc 37 –

11 GameStop Corp 262 0.02

9 Gannett Co Inc 87 0.01

21 Gap Inc 532 0.03

13 Garmin Ltd 695 0.04

6 Gartner Inc 595 0.04

5 GasLog Ltd 82 0.01

7 Gastar Exploration Inc 9 –

3 GATX Corp 149 0.01

3 GCP Applied Technologies Inc 97 0.01

3 Gencor Industries Inc 42 –

4 Generac Holdings Inc 164 0.01

4 General Cable Corp 71 –

4 General Communication Inc 64 –

212 General Electric Co 6,529 0.38

21 General Mills Inc 1,273 0.08

70 General Motors Co 2,404 0.14

2 Genesco Inc 119 0.01

5 Genesee & Wyoming Inc 387 0.02




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3 Genie Energy Ltd 17 –

10 Genpact Ltd 251 0.02

25 Gentex Corp 467 0.03

3 Gentherm Inc 80 0.01

7 Genuine Parts Co 714 0.04

30 Genworth Financial Inc 127 0.01

– Geospace Technologies Corp 9 –

1 German American Bancorp Inc 68 –

2 Gibraltar Industries Inc 97 0.01

8 GigPeak Inc 21 –

40 Gilead Sciences Inc 2,964 0.17

7 Glacier Bancorp Inc 240 0.01

2 Global Brass & Copper Holdings Inc 52 –

7 Global Eagle Entertainment Inc 42 –

1 Global Indemnity Ltd 34 –

7 Global Payments Inc 492 0.03

2 Global Power Equipment Group Inc 7 –

1 Globant SA 45 –

6 Globus Medical Inc 125 0.01

3 Glu Mobile Inc 7 –

7 GNC Holdings Inc 96 0.01

4 GoDaddy Inc 138 0.01

11 Gold Resource Corp 46 –

2 Golden Ocean Group Ltd 7 –

10 Goldman Sachs Group Inc 2,096 0.12

27 Goodyear Tire & Rubber Co 828 0.05

4 GoPro Inc 43 –

2 Gorman-Rupp Co 55 –

1 GP Strategies Corp 23 –

4 Graco Inc 286 0.02

2 Graham Corp 38 –

– Graham Holdings Co 223 0.01

4 Grand Canyon Education Inc 233 0.01

3 Granite Construction Inc 188 0.01

31 Graphic Packaging Holding Co 386 0.02

5 Gray Television Inc 51 –

7 Great Lakes Dredge & Dock Corp 29 –

11 Great Plains Energy Inc 284 0.02

1 Great Southern Bancorp Inc 57 –

3 Great Western Bancorp Inc 136 0.01

1 Green Bancorp Inc 18 –

2 Green Brick Partners Inc 23 –

5 Green Dot Corp 119 0.01

3 Green Plains Inc 84 0.01

1 Greenbrier Cos Inc 57 –

2 Greenhill & Co Inc 47 –

3 Greenlight Capital Re Ltd 76 –

2 Greif Inc, Class A 122 0.01

2 Greif Inc, Class B 103 0.01

– Griffin Industrial Realty Inc 3 –

2 Griffon Corp 55 –

2 Group 1 Automotive Inc 132 0.01

5 GrubHub Inc 197 0.01

3 GSI Technology Inc 14 –

3 GTT Communications Inc 73 –

2 Guaranty Bancorp 35 –

6 Guess? Inc 92 0.01

2 Guidewire Software Inc 133 0.01

2 Gulf Island Fabrication Inc 19 –

2 Gulfmark Offshore Inc 3 –

12 Gulfport Energy Corp 297 0.02

4 H&E Equipment Services Inc 66 –

13 H&R Block Inc 281 0.02

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2 Hackett Group Inc 41 –

3 Haemonetics Corp 126 0.01

7 Hain Celestial Group Inc 275 0.02

1 Hallador Energy Co 10 –

16 Halliburton Co 836 0.05

2 Hallmark Financial Services Inc 22 –

4 Halyard Health Inc 158 0.01

7 Hancock Holding Co 287 0.02

1 Handy & Harman Ltd 16 –

18 Hanesbrands Inc 408 0.02

3 Hanger Inc 30 –

3 Hanmi Financial Corp 107 0.01

4 Hanover Insurance Group Inc 337 0.02

1 Hardinge Inc 9 –

14 Harley-Davidson Inc 831 0.05

6 Harman International Industries Inc 678 0.04

8 Harmonic Inc 38 –

9 Harris Corp 899 0.05

7 Harsco Corp 102 0.01

4 Harte-Hanks Inc 6 –

19 Hartford Financial Services Group Inc 892 0.05

5 Harvard Bioscience Inc 12 –

9 Hasbro Inc 777 0.05

2 Haverty Furniture Cos Inc 33 –

4 Hawaiian Electric Industries Inc 126 0.01

4 Hawaiian Holdings Inc 228 0.01

1 Hawaiian Telcom Holdco Inc 18 –

1 Hawkins Inc 34 –

1 Haynes International Inc 47 –

4 HB Fuller Co 168 0.01

14 HCA Holdings Inc 1,009 0.06

1 HCI Group Inc 28 –

13 HD Supply Holdings Inc 506 0.03

5 Headwaters Inc 117 0.01

4 Healthcare Services Group Inc 138 0.01

2 HealthEquity Inc 102 0.01

6 HealthSouth Corp 256 0.02

2 HealthStream Inc 40 –

3 Healthways Inc 64 –

6 Heartland Express Inc 129 0.01

2 Heartland Financial USA Inc 107 0.01

32 Hecla Mining Co 195 0.01

2 HEICO Corp 144 0.01

3 HEICO Corp, Class A 191 0.01

2 Heidrick & Struggles International Inc 36 –

2 Helen of Troy Ltd 174 0.01

11 Helix Energy Solutions Group Inc 114 0.01

8 Helmerich & Payne Inc 640 0.04

1 Hennessy Advisors Inc 41 –

4 Henry Schein Inc 610 0.04

6 Herbalife Ltd 300 0.02

2 Herc Holdings Inc 89 0.01

3 Heritage Commerce Corp 43 –

2 Heritage Financial Corp 50 –

3 Heritage Insurance Holdings Inc 46 –

4 Heritage Oaks Bancorp 37 –

2 Heritage-Crystal Clean Inc 26 –

4 Herman Miller Inc 132 0.01

5 Hershey Co 467 0.03

7 Hertz Global Holdings Inc 170 0.01

14 Hess Corp 801 0.05

47 Hewlett Packard Enterprise Co 1,131 0.07

7 Hexcel Corp 369 0.02




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3 HFF Inc 98 0.01

– hhgregg Inc 1 –

1 Hibbett Sports Inc 58 –

8 Hill International Inc 31 –

4 Hill-Rom Holdings Inc 223 0.01

5 Hillenbrand Inc 187 0.01

9 Hilltop Holdings Inc 249 0.02

38 Hilton Worldwide Holdings Inc 954 0.06

– Hingham Institution for Savings 50 –

6 HMS Holdings Corp 111 0.01

3 HNI Corp 181 0.01

10 HollyFrontier Corp 275 0.02

20 Hologic Inc 757 0.04

– Home Bancorp Inc 7 –

9 Home BancShares Inc 245 0.01

40 Home Depot Inc 5,160 0.30

2 HomeStreet Inc 58 –

3 HomeTrust Bancshares Inc 64 –

24 Honeywell International Inc 2,753 0.16

1 Hooker Furniture Corp 25 –

12 Hope Bancorp Inc 233 0.01

3 Horace Mann Educators Corp 120 0.01

1 Horizon Bancorp 30 –

1 Horizon Global Corp 23 –

13 Horizon Pharma Plc 263 0.02

18 Hormel Foods Corp 609 0.04

2 Hornbeck Offshore Services Inc 10 –

9 Houghton Mifflin Harcourt Co 101 0.01

2 Houston Wire & Cable Co 14 –

3 Howard Hughes Corp 393 0.02

87 HP Inc 1,345 0.08

13 HRG Group Inc 199 0.01

3 HSN Inc 117 0.01

3 Hub Group Inc 146 0.01

5 Hubbell Inc 557 0.03

2 Hudson Technologies Inc 16 –

5 Humana Inc 1,025 0.06

85 Huntington Bancshares Inc 1,056 0.06

4 Huntington Ingalls Industries Inc 649 0.04

22 Huntsman Corp 428 0.03

– Hurco Cos Inc 15 –

2 Huron Consulting Group Inc 107 0.01

2 Hyatt Hotels Corp 85 0.01

1 Hyster-Yale Materials Handling Inc 51 –

6 IAC/InterActiveCorp 409 0.02

4 Iberiabank Corp 297 0.02

2 ICF International Inc 97 0.01

3 Iconix Brand Group Inc 28 –

1 ICU Medical Inc 120 0.01

4 IDACORP Inc 287 0.02

5 IDEX Corp 498 0.03

6 IDEXX Laboratories Inc 747 0.04

2 IDT Corp 39 –

2 IES Holdings Inc 32 –

5 II-VI Inc 160 0.01

7 ILG Inc 133 0.01

10 Illinois Tool Works Inc 1,198 0.07

6 Illumina Inc 775 0.05

– Immersion Corp 4 –

1 Impac Mortgage Holdings Inc 17 –

4 Impax Laboratories Inc 63 –

3 INC Research Holdings Inc 149 0.01

8 Incyte Corp 827 0.05

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2 Independence Holding Co 38 –

2 Independent Bank Corp (Michigan) 38 –

2 Independent Bank Corp (Rockland MA) 141 0.01

2 Independent Bank Group Inc 102 0.01

8 Infinera Corp 64 –

15 Ingersoll-Rand PLC 1,140 0.07

2 Ingevity Corp 105 0.01

1 Ingles Markets Inc 55 –

11 Ingram Micro Inc 395 0.02

5 Ingredion Inc 589 0.04

4 InnerWorkings Inc 35 –

1 Innophos Holdings Inc 73 –

2 Innospec Inc 128 0.01

3 Innoviva Inc 33 –

1 Inogen Inc 39 –

4 Inotek Pharmaceuticals Corp 29 –

3 Insight Enterprises Inc 93 0.01

1 Insperity Inc 108 0.01

2 Installed Building Products Inc 68 –

2 Insteel Industries Inc 66 –

1 Insys Therapeutics Inc 9 –

3 Integer Holdings Corp 74 –

2 Integra LifeSciences Holdings Corp 138 0.01

7 Integrated Device Technology Inc 166 0.01

220 Intel Corp 7,637 0.45

2 Inteliquent Inc 42 –

2 Inter Parfums Inc 86 0.01

6 Interactive Brokers Group Inc 210 0.01

1 Intercept Pharmaceuticals Inc 61 –

23 Intercontinental Exchange Inc 1,257 0.07

2 InterDigital Inc 163 0.01

6 Interface Inc 102 0.01

6 Internap Corp 6 –

6 International Bancshares Corp 230 0.01

28 International Business Machines Corp 4,596 0.27

4 International Flavors & Fragrances Inc 493 0.03

17 International Game Technology PLC 438 0.03

27 International Paper Co 1,326 0.08

2 International Speedway Corp 79 0.01

31 Interpublic Group of Cos Inc 735 0.04

11 Intersil Corp 254 0.02

3 Intevac Inc 18 –

2 INTL. FCStone Inc 83 0.01

5 Intralinks Holdings Inc 55 –

3 Intrawest Resorts Holdings Inc 53 –

3 Intrepid Potash Inc 4 –

11 Intuit Inc 1,200 0.07

1 Intuitive Surgical Inc 796 0.05

3 Invacare Corp 30 –

8 InvenSense Inc 58 –

2 Inventure Foods Inc 15 –

24 Invesco Ltd 755 0.04

3 Investment Technology Group Inc 61 –

28 Investors Bancorp Inc 383 0.02

– Investors Title Co 37 –

– ION Geophysical Corp 3 –

3 IPG Photonics Corp 303 0.02

3 Iridium Communications Inc 24 –

2 iRobot Corp 95 0.01

3 Isle of Capri Casinos Inc 57 –

– Isramco Inc 28 –

3 Itron Inc 182 0.01

7 ITT Inc 274 0.02




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6 Ixia 85 0.01

4 IXYS Corp 45 –

1 J Alexander's Holdings Inc 6 –

1 J&J Snack Foods Corp 138 0.01

4 j2 Global Inc 279 0.02

18 Jabil Circuit Inc 380 0.02

6 Jack Henry & Associates Inc 500 0.03

2 Jack in the Box Inc 218 0.01

9 Jacobs Engineering Group Inc 587 0.03

2 Jamba Inc 19 –

2 James River Group Holdings Ltd 86 0.01

16 Janus Capital Group Inc 210 0.01

3 Jazz Pharmaceuticals PLC 303 0.02

9 JB Hunt Transport Services Inc 832 0.05

29 JC Penney Co Inc 271 0.02

25 JetBlue Airways Corp 503 0.03

7 JM Smucker Co 824 0.05

1 John B Sanfilippo & Son Inc 58 –

1 John Bean Technologies Corp 127 0.01

4 John Wiley & Sons Inc, Class A 198 0.01

– John Wiley & Sons Inc, Class B 11 –

90 Johnson & Johnson 10,041 0.59

31 Johnson Controls International PLC 1,408 0.08

1 Johnson Outdoors Inc 39 –

3 Jones Energy Inc 13 –

4 Jones Lang LaSalle Inc 379 0.02

8 Joy Global Inc 212 0.01

133 JPMorgan Chase & Co 10,691 0.63

32 Juniper Networks Inc 873 0.05

3 K12 Inc 44 –

2 K2M Group Holdings Inc 45 –

1 Kadant Inc 37 –

2 Kaiser Aluminum Corp 126 0.01

8 Kansas City Southern 709 0.04

9 KapStone Paper and Packaging Corp 175 0.01

10 KAR Auction Services Inc 441 0.03

3 Karyopharm Therapeutics Inc 30 –

7 Kate Spade & Co 107 0.01

7 KB Home 108 0.01

13 KBR Inc 214 0.01

8 KCG Holdings Inc 108 0.01

7 Kearny Financial Corp 108 0.01

11 Kellogg Co 797 0.05

3 Kelly Services Inc 68 –

6 Kemet Corp 35 –

5 Kemper Corp 188 0.01

8 Kennametal Inc 265 0.02

8 Kennedy-Wilson Holdings Inc 164 0.01

50 KeyCorp 863 0.05

15 Keysight Technologies Inc 561 0.03

2 Kforce Inc 44 –

2 Kimball Electronics Inc 43 –

3 Kimball International Inc 49 –

10 Kimberly-Clark Corp 1,188 0.07

50 Kinder Morgan Inc 1,108 0.07

8 Kindred Healthcare Inc 54 –

5 Kirby Corp 292 0.02

2 Kirkland's Inc 30 –

9 KLA-Tencor Corp 711 0.04

4 KLX Inc 174 0.01

1 KMG Chemicals Inc 47 –

7 Knight Transportation Inc 244 0.01

4 Knoll Inc 96 0.01

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7 Knowles Corp 115 0.01

18 Kohl's Corp 955 0.06

8 Kopin Corp 19 –

1 Koppers Holdings Inc 56 –

5 Korn/Ferry International 127 0.01

33 Kosmos Energy Ltd 175 0.01

17 Kraft Heinz Co 1,374 0.08

3 Kraton Corp 91 0.01

5 Kratos Defense & Security Solutions Inc 37 –

31 Kroger Co 1,017 0.06

6 Kronos Worldwide Inc 81 0.01

5 Kulicke & Soffa Industries Inc 78 0.01

2 KVH Industries Inc 18 –

10 L Brands Inc 703 0.04

3 L-3 Communications Holdings Inc 502 0.03

10 La Quinta Holdings Inc 119 0.01

4 La-Z-Boy Inc 107 0.01

5 Laboratory Corp of America Holdings 646 0.04

17 Ladenburg Thalmann Financial Services Inc 42 –

4 Lakeland Bancorp Inc 62 –

2 Lakeland Financial Corp 95 0.01

8 Lam Research Corp 851 0.05

5 Lamb Weston Holdings Inc 167 0.01

2 Lancaster Colony Corp 218 0.01

1 Landauer Inc 35 –

3 Landec Corp 43 –

1 Lands' End Inc 24 –

3 Landstar System Inc 232 0.01

2 Lannett Co Inc 39 –

7 Laredo Petroleum Inc 116 0.01

12 Las Vegas Sands Corp 743 0.04

10 Lattice Semiconductor Corp 70 –

1 Lawson Products Inc 12 –

1 Layne Christensen Co 12 –

1 LB Foster Co 11 –

– LCNB Corp 8 –

4 Leaf Group Ltd 24 –

– Leap Wireless International Inc – –

7 Lear Corp 860 0.05

4 LegacyTexas Financial Group Inc 172 0.01

9 Legg Mason Inc 278 0.02

10 Leggett & Platt Inc 500 0.03

11 Leidos Holdings Inc 567 0.03

2 LeMaitre Vascular Inc 35 –

1 LendingTree Inc 68 –

17 Lennar Corp, Class A 716 0.04

1 Lennar Corp, Class B 44 –

3 Lennox International Inc 408 0.02

28 Leucadia National Corp 614 0.04

16 Level 3 Communications Inc 905 0.05

2 LHC Group Inc 71 –

1 Libbey Inc 26 –

1 Liberty Broadband Corp, Class A 96 0.01

7 Liberty Broadband Corp, Class C 513 0.03

4 Liberty Expedia Holdings Inc 158 0.01

20 Liberty Interactive Corp QVC Group 422 0.03

– Liberty Media Corp-Liberty Braves, Class A 8 –

1 Liberty Media Corp-Liberty Braves, Class C 18 –

1 Liberty Media Corp-Liberty Media, Class A 31 –

2 Liberty Media Corp-Liberty Media, Class C 70 –

4 Liberty Media Corp-Liberty SiriusXM, Class A 142 0.01

9 Liberty Media Corp-Liberty SiriusXM, Class C 321 0.02

1 Liberty Tax Inc 6 –




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6 Liberty TripAdvisor Holdings Inc 100 0.01

5 Liberty Ventures 210 0.01

4 LifePoint Health Inc 221 0.01

1 Lifetime Brands Inc 17 –

1 Ligand Pharmaceuticals Inc 63 –

11 Limelight Networks Inc 24 –

1 Limoneira Co 23 –

4 Lincoln Electric Holdings Inc 305 0.02

11 Lincoln National Corp 709 0.04

1 Lindsay Corp 43 –

8 Linear Technology Corp 522 0.03

2 LinkedIn Corp 393 0.02

5 Lionbridge Technologies Inc 26 –

6 Lions Gate Entertainment Corp 151 0.01

2 Lipocine Inc 6 –

3 Liquidity Services Inc 29 –

2 Lithia Motors Inc 177 0.01

1 Littelfuse Inc 209 0.01

2 LivaNova PLC 79 0.01

16 Live Nation Entertainment Inc 451 0.03

23 LKQ Corp 754 0.04

1 LMI Aerospace Inc 9 –

16 Loews Corp 704 0.04

1 LogMeIn Inc 81 0.01

– Loral Space & Communications Inc 1 –

10 Louisiana-Pacific Corp 192 0.01

27 Lowe's Cos Inc 1,912 0.11

7 LPL Financial Holdings Inc 294 0.02

2 LSB Industries Inc 16 –

2 LSC Communications Inc 38 –

2 LSI Industries Inc 18 –

1 Luby's Inc 3 –

6 lululemon athletica Inc 363 0.02

1 Lumber Liquidators Holdings Inc 13 –

2 Lumentum Holdings Inc 89 0.01

4 Luminex Corp 84 0.01

2 Lumos Networks Corp 35 –

1 Lydall Inc 81 0.01

19 LyondellBasell Industries NV 1,697 0.10

6 M&T Bank Corp 912 0.05

2 M/I Homes Inc 50 –

2 Macatawa Bank Corp 16 –

1 MACOM Technology Solutions Holdings Inc 56 –

6 Macquarie Infrastructure Corp 475 0.03

2 MacroGenics Inc 41 –

26 Macy's Inc 1,084 0.06

2 Madison Square Garden Co 278 0.02

2 Magellan Health Inc 157 0.01

7 Maiden Holdings Ltd 114 0.01

2 MainSource Financial Group Inc 57 –

2 Malibu Boats Inc 31 –

9 Mallinckrodt PLC 489 0.03

1 Malvern Bancorp Inc 26 –

4 Manhattan Associates Inc 215 0.01

12 Manitowoc Co Inc 72 –

10 Manitowoc Foodservice Inc 169 0.01

2 Manning & Napier Inc 16 –

6 ManpowerGroup Inc 498 0.03

2 ManTech International Corp 89 0.01

40 Marathon Oil Corp 730 0.04

39 Marathon Petroleum Corp 1,831 0.11

2 Marchex Inc 6 –

2 Marcus & Millichap Inc 55 –

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2 Marcus Corp 64 –

1 Marine Products Corp 8 –

2 MarineMax Inc 36 –

1 Markel Corp 537 0.03

2 MarketAxess Holdings Inc 353 0.02

1 Marlin Business Services Corp 20 –

17 Marriott International Inc 1,346 0.08

2 Marriott Vacations Worldwide Corp 182 0.01

25 Marsh & McLennan Cos Inc 1,730 0.10

3 Marten Transport Ltd 77 0.01

3 Martin Marietta Materials Inc 701 0.04

38 Marvell Technology Group Ltd 543 0.03

23 Masco Corp 734 0.04

3 Masimo Corp 162 0.01

7 MasTec Inc 249 0.02

30 Mastercard Inc 3,046 0.18

2 Materion Corp 74 –

2 Matrix Service Co 52 –

3 Matson Inc 127 0.01

18 Mattel Inc 571 0.03

2 Matthews International Corp 161 0.01

9 Maxim Integrated Products Inc 343 0.02

4 MAXIMUS Inc 243 0.01

2 MaxLinear Inc 39 –

2 Maxwell Technologies Inc 10 –

7 MB Financial Inc 294 0.02

13 MBIA Inc 135 0.01

2 MBT Financial Corp 18 –

1 McClatchy Co 8 –

5 McCormick & Co Inc (non-voting rights) 449 0.03

1 McCormick & Co Inc (voting rights) 50 –

22 McDermott International Inc 154 0.01

28 McDonald's Corp 3,292 0.19

11 McEwen Mining Inc 32 –

3 McGrath RentCorp 94 0.01

7 McKesson Corp 1,015 0.06

4 MDC Holdings Inc 105 0.01

14 MDU Resources Group Inc 386 0.02

10 Mead Johnson Nutrition Co 692 0.04

10 Media General Inc 185 0.01

4 Medicines Co 133 0.01

1 Medifast Inc 47 –

7 MEDNAX Inc 459 0.03

30 Medtronic PLC 2,222 0.13

3 MeetMe Inc 16 –

8 Mentor Graphics Corp 293 0.02

1 Mercantile Bank Corp 40 –

5 Mercer International Inc 49 –

1 Merchants Bancshares Inc 40 –

125 Merck & Co Inc 7,633 0.45

5 Mercury General Corp 267 0.02

4 Mercury Systems Inc 121 0.01

4 Meredith Corp 205 0.01

6 Meridian Bancorp Inc 100 0.01

3 Meridian Bioscience Inc 48 –

4 Merit Medical Systems Inc 104 0.01

4 Meritage Homes Corp 136 0.01

7 Meritor Inc 93 0.01

– Mesa Laboratories Inc 38 –

1 Meta Financial Group Inc 76 0.01

2 Methode Electronics Inc 87 0.01

23 MetLife Inc 1,288 0.08

1 Mettler-Toledo International Inc 512 0.03




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2 MGE Energy Inc 134 0.01

32 MGIC Investment Corp 287 0.02

41 MGM Resorts International 1,182 0.07

2 MGP Ingredients Inc 75 –

13 Michael Kors Holdings Ltd 590 0.04

10 Michaels Cos Inc 255 0.02

7 Microchip Technology Inc 464 0.03

71 Micron Technology Inc 1,379 0.08

8 Microsemi Corp 444 0.03

257 Microsoft Corp 15,464 0.90

1 MicroStrategy Inc 115 0.01

1 Middleburg Financial Corp 18 –

4 Middleby Corp 565 0.03

2 Middlesex Water Co 66 –

1 MidSouth Bancorp Inc 17 –

1 MidWestOne Financial Group Inc 27 –

1 Miller Industries Inc 31 –

3 MiMedx Group Inc 30 –

3 Minerals Technologies Inc 249 0.02

3 Mistras Group Inc 72 –

4 MKS Instruments Inc 242 0.01

4 Mobile Mini Inc 123 0.01

6 Modine Manufacturing Co 67 –

7 ModusLink Global Solutions Inc 10 –

1 Moelis & Co 29 –

4 Mohawk Industries Inc 737 0.04

5 Molina Healthcare Inc 267 0.02

7 Molson Coors Brewing Co 683 0.04

1 Momenta Pharmaceuticals Inc 17 –

36 Mondelez International Inc 1,478 0.09

2 MoneyGram International Inc 25 –

– Monolithic Power Systems Inc 39 –

3 Monotype Imaging Holdings Inc 56 –

2 Monro Muffler Brake Inc 131 0.01

14 Monsanto Co 1,411 0.08

15 Monster Beverage Corp 661 0.04

8 Moody's Corp 786 0.05

3 Moog Inc 227 0.01

40 Morgan Stanley 1,659 0.10

3 Morningstar Inc 231 0.01

29 Mosaic Co 815 0.05

1 Motorcar Parts of America Inc 33 –

9 Motorola Solutions Inc 706 0.04

1 Movado Group Inc 31 –

10 MRC Global Inc 195 0.01

3 MSA Safety Inc 166 0.01

4 MSC Industrial Direct Co Inc 353 0.02

6 MSCI Inc 470 0.03

4 MSG Networks Inc 82 0.01

1 MTS Systems Corp 47 –

5 Mueller Industries Inc 192 0.01

11 Mueller Water Products Inc 146 0.01

2 Multi-Color Corp 116 0.01

16 Murphy Oil Corp 533 0.03

4 Murphy USA Inc 258 0.02

– MutualFirst Financial Inc 12 –

2 Myers Industries Inc 34 –

22 Mylan NV 816 0.05

1 MYR Group Inc 55 –

3 Myriad Genetics Inc 49 –

26 Nabors Industries Ltd 414 0.02

1 NACCO Industries Inc 55 –

2 Nanometrics Inc 43 –

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7 Nasdaq Inc 449 0.03

– Nathan's Famous Inc 8 –

3 National Bank Holdings Corp 88 0.01

1 National Bankshares Inc 22 –

2 National Beverage Corp 110 0.01

5 National CineMedia Inc 71 –

6 National Fuel Gas Co 351 0.02

10 National General Holdings Corp 217 0.01

1 National HealthCare Corp 94 0.01

9 National Instruments Corp 278 0.02

18 National Oilwell Varco Inc 662 0.04

– National Presto Industries Inc 38 –

2 National Research Corp 27 –

– National Western Life Group Inc 64 –

2 Nationstar Mortgage Holdings Inc 34 –

1 Natural Gas Services Group Inc 40 –

1 Natural Grocers by Vitamin Cottage Inc 10 –

3 Nature's Sunshine Products Inc 39 –

2 Natus Medical Inc 72 –

2 Nautilus Inc 31 –

31 Navient Corp 535 0.03

5 Navigant Consulting Inc 127 0.01

1 Navigators Group Inc 153 0.01

1 Navistar International Corp 27 –

4 NBT Bancorp Inc 163 0.01

4 NCI Building Systems Inc 71 –

2 NCI Inc 21 –

10 NCR Corp 398 0.02

1 Neenah Paper Inc 115 0.01

3 Nelnet Inc 147 0.01

1 Neogen Corp 88 0.01

4 NeoGenomics Inc 37 –

4 NeoPhotonics Corp 50 –

20 NetApp Inc 734 0.04

7 Netflix Inc 792 0.05

3 NETGEAR Inc 142 0.01

14 NetScout Systems Inc 444 0.03

2 Neurocrine Biosciences Inc 107 0.01

2 NeuStar Inc 48 –

2 New Home Co Inc 29 –

6 New Jersey Resources Corp 217 0.01

5 New Media Investment Group Inc 73 –

12 New York & Co Inc 25 –

38 New York Community Bancorp Inc 604 0.04

10 New York Times Co 133 0.01

16 Newell Brands Inc 769 0.05

7 Newfield Exploration Co 298 0.02

1 NewMarket Corp 315 0.02

26 Newmont Mining Corp 857 0.05

8 Newpark Resources Inc 55 –

30 News Corp, Class A 352 0.02

15 News Corp, Class B 177 0.01

6 NewStar Financial Inc 49 –

1 Nexstar Broadcasting Group Inc 79 0.01

15 NextEra Energy Inc 1,706 0.10

4 NIC Inc 100 0.01

18 Nielsen Holdings PLC 789 0.05

34 NIKE Inc 1,727 0.10

23 NiSource Inc 497 0.03

1 NL Industries Inc 4 –

4 NMI Holdings Inc 33 –

2 NN Inc 33 –

16 Noble Corp PLC 100 0.01




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20 Noble Energy Inc 763 0.05

– Nordic American Offshore Ltd – –

1 Nordic American Tankers Ltd 7 –

4 Nordson Corp 436 0.03

11 Nordstrom Inc 622 0.04

17 Norfolk Southern Corp 1,846 0.11

– Northern Oil and Gas Inc – –

13 Northern Trust Corp 1,061 0.06

5 Northfield Bancorp Inc 93 0.01

1 Northrim BanCorp Inc 35 –

6 Northrop Grumman Corp 1,576 0.09

11 NorthStar Asset Management Group Inc 163 0.01

9 Northwest Bancshares Inc 157 0.01

2 Northwest Natural Gas Co 110 0.01

1 Northwest Pipe Co 18 –

3 NorthWestern Corp 195 0.01

16 Norwegian Cruise Line Holdings Ltd 657 0.04

3 Novanta Inc 53 –

10 NOW Inc 215 0.01

26 NRG Energy Inc 296 0.02

2 NRG Yield Inc, Class A 33 –

4 NRG Yield Inc, Class C 68 –

5 Nu Skin Enterprises Inc 248 0.02

19 Nuance Communications Inc 310 0.02

18 Nucor Corp 1,121 0.07

3 Numerex Corp 23 –

1 Nutraceutical International Corp 40 –

2 Nutrisystem Inc 66 –

3 NuVasive Inc 204 0.01

1 Nuvectra Corp 5 –

1 NV5 Global Inc 40 –

– NVE Corp 27 –

20 NVIDIA Corp 1,800 0.11

– NVR Inc 528 0.03

5 O'Reilly Automotive Inc 1,245 0.07

16 Oasis Petroleum Inc 237 0.01

16 Occidental Petroleum Corp 1,163 0.07

8 Oceaneering International Inc 223 0.01

2 OceanFirst Financial Corp 43 –

8 Oclaro Inc 72 –

4 Ocwen Financial Corp 22 –

27 Office Depot Inc 131 0.01

3 OFG Bancorp 43 –

14 OGE Energy Corp 440 0.03

5 Oil States International Inc 175 0.01

– Oil-Dri Corp of America 13 –

7 Old Dominion Freight Line Inc 603 0.04

1 Old Line Bancshares Inc 13 –

11 Old National Bancorp 183 0.01

23 Old Republic International Corp 413 0.02

2 Old Second Bancorp Inc 19 –

15 Olin Corp 390 0.02

2 Ollie's Bargain Outlet Holdings Inc 75 –

2 Olympic Steel Inc 44 –

8 OM Asset Management Plc 121 0.01

2 Omega Protein Corp 53 –

2 Omnicell Inc 90 0.01

11 Omnicom Group Inc 971 0.06

2 OMNOVA Solutions Inc 24 –

3 On Assignment Inc 129 0.01

36 ON Semiconductor Corp 423 0.03

4 ONE Gas Inc 219 0.01

1 OneBeacon Insurance Group Ltd 22 –

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12 OneMain Holdings Inc 245 0.01

13 ONEOK Inc 723 0.04

33 OPKO Health Inc 347 0.02

1 Oppenheimer Holdings Inc 12 –

3 Opus Bank 74 –

128 Oracle Corp 5,153 0.30

3 OraSure Technologies Inc 24 –

6 ORBCOMM Inc 48 –

1 Orchids Paper Products Co 21 –

2 Orion Group Holdings Inc 20 –

4 Oritani Financial Corp 63 –

1 Ormat Technologies Inc (Israel listing) 70 –

3 Ormat Technologies Inc (US listing) 160 0.01

1 Orrstown Financial Services Inc 13 –

2 Orthofix International NV 64 –

7 Oshkosh Corp 463 0.03

2 OSI Systems Inc 128 0.01

2 Otonomy Inc 34 –

3 Otter Tail Corp 108 0.01

4 OvaScience Inc 14 –

2 Overstock.com Inc 38 –

5 Owens & Minor Inc 184 0.01

10 Owens Corning 513 0.03

10 Owens-Illinois Inc 181 0.01

1 Oxford Industries Inc 86 0.01

22 PACCAR Inc 1,398 0.08

2 Pacific Continental Corp 44 –

1 Pacific Drilling SA 3 –

2 Pacific Ethanol Inc 21 –

4 Pacific Mercantile Bancorp 26 –

2 Pacific Premier Bancorp Inc 80 0.01

7 Packaging Corp of America 617 0.04

10 PacWest Bancorp 516 0.03

2 Palo Alto Networks Inc 310 0.02

1 PAM Transportation Services Inc 21 –

1 Panera Bread Co 317 0.02

1 Panhandle Oil and Gas Inc 33 –

2 Papa John's International Inc 212 0.01

3 Par Pacific Holdings Inc 42 –

3 PAREXEL International Corp 195 0.01

3 Park Electrochemical Corp 51 –

1 Park National Corp 141 0.01

4 Park Sterling Corp 44 –

2 Park-Ohio Holdings Corp 64 –

8 Parker Drilling Co 17 –

9 Parker-Hannifin Corp 1,283 0.08

8 Parsley Energy Inc 298 0.02

5 Party City Holdco Inc 80 0.01

1 Patrick Industries Inc 86 0.01

– Patriot Transportation Holding Inc 8 –

5 Pattern Energy Group Inc 100 0.01

8 Patterson Cos Inc 311 0.02

13 Patterson-UTI Energy Inc 335 0.02

14 Paychex Inc 855 0.05

3 Paycom Software Inc 152 0.01

27 PayPal Holdings Inc 1,055 0.06

7 PBF Energy Inc 177 0.01

2 PC Connection Inc 64 –

2 PCM Inc 44 –

4 PDC Energy Inc 311 0.02

2 PDF Solutions Inc 55 –

16 PDL BioPharma Inc 34 –

1 Peapack Gladstone Financial Corp 33 –




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5 Pegasystems Inc 166 0.01

1 Pendrell Corp 4 –

2 Penn National Gaming Inc 32 –

1 Penns Woods Bancorp Inc 28 –

1 PennyMac Financial Services Inc 16 –

8 Penske Automotive Group Inc 401 0.02

13 Pentair PLC 755 0.04

27 People's United Financial Inc 506 0.03

1 People's Utah Bancorp 22 –

1 Peoples Bancorp Inc 34 –

– Peoples Financial Services Corp 17 –

46 PepsiCo Inc 4,596 0.27

3 Perficient Inc 57 –

2 Performant Financial Corp 7 –

9 PerkinElmer Inc 436 0.03

6 Perrigo Co PLC 497 0.03

1 Perry Ellis International Inc 28 –

215 Pfizer Inc 6,919 0.40

24 PG&E Corp 1,416 0.08

3 PGT Inc 32 –

4 PH Glatfelter Co 101 0.01

2 PharMerica Corp 48 –

6 PHH Corp 81 0.01

1 PHI Inc 12 –

1 Phibro Animal Health Corp 21 –

52 Philip Morris International Inc 4,626 0.27

17 Phillips 66 1,396 0.08

5 Photronics Inc 46 –

4 PICO Holdings Inc 53 –

8 Pier 1 Imports Inc 43 –

10 Pilgrim's Pride Corp 177 0.01

3 Pinnacle Entertainment Inc 36 –

4 Pinnacle Financial Partners Inc 257 0.02

9 Pinnacle Foods Inc 428 0.03

8 Pinnacle West Capital Corp 577 0.03

4 Pioneer Energy Services Corp 22 –

6 Pioneer Natural Resources Co 1,148 0.07

– Piper Jaffray Cos 12 –

10 Pitney Bowes Inc 141 0.01

1 PJT Partners Inc 25 –

3 Planet Fitness Inc 55 –

2 Plantronics Inc 109 0.01

11 Platform Specialty Products Corp 107 0.01

3 Plexus Corp 162 0.01

5 Ply Gem Holdings Inc 78 0.01

13 PNC Financial Services Group Inc 1,386 0.08

6 PNM Resources Inc 182 0.01

4 Polaris Industries Inc 370 0.02

7 PolyOne Corp 215 0.01

3 Pool Corp 271 0.02

1 Popeyes Louisiana Kitchen Inc 70 –

9 Popular Inc 356 0.02

6 Portland General Electric Co 258 0.02

6 Post Holdings Inc 424 0.03

2 Potbelly Corp 21 –

1 Powell Industries Inc 30 –

2 Power Integrations Inc 128 0.01

14 PPG Industries Inc 1,387 0.08

31 PPL Corp 1,053 0.06

4 PRA Group Inc 157 0.01

3 PRA Health Sciences Inc 146 0.01

15 Praxair Inc 1,807 0.11

1 Preferred Bank 63 –

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1 Preformed Line Products Co 28 –

2 Premier Financial Bancorp Inc 32 –

3 Premier Inc 102 0.01

4 Prestige Brands Holdings Inc 203 0.01

1 Priceline Group Inc 1,983 0.12

2 PriceSmart Inc 169 0.01

4 Primerica Inc 312 0.02

2 Primo Water Corp 24 –

3 Primoris Services Corp 68 –

17 Principal Financial Group Inc 964 0.06

7 PrivateBancorp Inc 317 0.02

5 ProAssurance Corp 264 0.02

75 Procter & Gamble Co 6,193 0.36

4 Progress Software Corp 110 0.01

28 Progressive Corp 920 0.05

1 Proofpoint Inc 76 –

6 Prosperity Bancshares Inc 419 0.03

1 Proto Labs Inc 29 –

2 Providence Service Corp 57 –

1 Provident Financial Holdings Inc 14 –

6 Provident Financial Services Inc 151 0.01

1 Prudential Bancorp Inc 11 –

11 Prudential Financial Inc 1,119 0.07

6 PTC Inc 275 0.02

1 PTC Therapeutics Inc 11 –

23 Public Service Enterprise Group Inc 958 0.06

30 PulteGroup Inc 563 0.03

7 PVH Corp 740 0.04

1 QAD Inc 25 –

1 QCR Holdings Inc 35 –

22 QEP Resources Inc 426 0.03

10 Qorvo Inc 508 0.03

3 Quad/Graphics Inc 82 0.01

1 Quaker Chemical Corp 131 0.01

46 QUALCOMM Inc 3,110 0.18

3 Quality Systems Inc 41 –

2 Qualys Inc 60 –

4 Quanex Building Products Corp 77 0.01

12 Quanta Services Inc 411 0.02

10 Quest Diagnostics Inc 865 0.05

2 Quidel Corp 36 –

5 QuinStreet Inc 15 –

7 Quintiles IMS Holdings Inc 502 0.03

2 Quorum Health Corp 13 –

4 Quotient Technology Inc 51 –

18 Radian Group Inc 268 0.02

8 Radiant Logistics Inc 29 –

6 Radisys Corp 24 –

4 RadNet Inc 26 –

4 Ralph Lauren Corp 438 0.03

8 Rambus Inc 101 0.01

19 Range Resources Corp 678 0.04

3 Raven Industries Inc 76 0.01

11 Raymond James Financial Inc 826 0.05

4 Rayonier Advanced Materials Inc 53 –

12 Raytheon Co 1,756 0.10

2 RBC Bearings Inc 150 0.01

1 RE/MAX Holdings Inc 69 –

2 Reading International Inc 31 –

3 Real Industry Inc 17 –

1 RealNetworks Inc 6 –

12 Realogy Holdings Corp 297 0.02

5 Red Hat Inc 427 0.03




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1 Red Lion Hotels Corp 11 –

1 Red Robin Gourmet Burgers Inc 67 –

4 Regal Beloit Corp 285 0.02

9 Regal Entertainment Group 205 0.01

2 Regeneron Pharmaceuticals Inc 728 0.04

2 Regional Management Corp 49 –

57 Regions Financial Corp 773 0.05

4 Regis Corp 56 –

5 Reinsurance Group of America Inc 619 0.04

1 Reis Inc 28 –

6 Reliance Steel & Aluminum Co 504 0.03

4 RenaissanceRe Holdings Ltd 484 0.03

4 Renasant Corp 158 0.01

4 Renewable Energy Group Inc 36 –

6 Rent-A-Center Inc 68 –

– Rentech Inc 1 –

1 Repligen Corp 20 –

2 Republic Bancorp Inc 58 –

16 Republic Services Inc 869 0.05

10 ResMed Inc 593 0.04

6 Resolute Forest Products Inc 26 –

3 Resources Connection Inc 53 –

2 Restoration Hardware Holdings Inc 55 –

6 RetailMeNot Inc 52 –

3 Retrophin Inc 59 –

3 Revlon Inc 84 0.01

– REX American Resources Corp 47 –

9 Rexnord Corp 208 0.01

29 Reynolds American Inc 1,562 0.09

17 Rice Energy Inc 422 0.03

8 Rigel Pharmaceuticals Inc 20 –

– Rightside Group Ltd 4 –

1 RigNet Inc 24 –

3 Ring Energy Inc 35 –

38 Rite Aid Corp 304 0.02

6 Riverview Bancorp Inc 34 –

3 RLI Corp 192 0.01

– RMR Group Inc 17 –

2 Roadrunner Transportation Systems Inc 23 –

8 Robert Half International Inc 364 0.02

6 Rockwell Automation Inc 845 0.05

7 Rockwell Collins Inc 694 0.04

2 Rogers Corp 136 0.01

11 Rollins Inc 341 0.02

5 Roper Technologies Inc 907 0.05

19 Ross Stores Inc 1,266 0.07

10 Rowan Cos PLC 181 0.01

11 Royal Caribbean Cruises Ltd 853 0.05

6 Royal Gold Inc 386 0.02

8 RPC Inc 159 0.01

9 RPM International Inc 490 0.03

4 RPX Corp 40 –

6 RR Donnelley & Sons Co 111 0.01

9 RSP Permian Inc 404 0.02

4 RTI Surgical Inc 12 –

2 Rubicon Project Inc 14 –

4 Ruby Tuesday Inc 11 –

4 Rudolph Technologies Inc 77 0.01

4 Rush Enterprises Inc 108 0.01

3 Ruth's Hospitality Group Inc 46 –

6 Ryder System Inc 450 0.03

2 Ryerson Holding Corp 23 –

12 S&P Global Inc 1,394 0.08

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3 S&T Bancorp Inc 98 0.01

15 Sabre Corp 396 0.02

2 Safeguard Scientifics Inc 20 –

2 Safety Insurance Group Inc 110 0.01

8 Safeway Inc 8 –

1 Saga Communications Inc 30 –

2 Saia Inc 87 0.01

4 Salem Media Group Inc 20 –

9 salesforce.com Inc 665 0.04

10 Sally Beauty Holdings Inc 258 0.02

2 Sanderson Farms Inc 158 0.01

2 Sandy Spring Bancorp Inc 80 0.01

6 Sangamo BioSciences Inc 20 –

6 Sanmina Corp 199 0.01

24 Santander Consumer USA Holdings Inc 334 0.02

6 SBA Communications Corp 609 0.04

10 SCANA Corp 678 0.04

2 ScanSource Inc 76 –

32 Schlumberger Ltd 2,694 0.16

3 Schnitzer Steel Industries Inc 86 0.01

3 Scholastic Corp 116 0.01

3 Schweitzer-Mauduit International Inc 121 0.01

4 SciClone Pharmaceuticals Inc 44 –

3 Science Applications International Corp 239 0.01

13 Scorpio Tankers Inc 54 –

4 Scotts Miracle-Gro Co 393 0.02

7 Scripps Networks Interactive Inc 495 0.03

– Seaboard Corp 213 0.01

2 Seachange International Inc 6 –

4 Seacoast Banking Corp of Florida 90 0.01

1 SEACOR Holdings Inc 76 –

19 Seagate Technology PLC 754 0.04

12 Sealed Air Corp 548 0.03

3 Sears Hometown and Outlet Stores Inc 17 –

– SeaSpine Holdings Corp 3 –

5 Seattle Genetics Inc 301 0.02

7 SeaWorld Entertainment Inc 123 0.01

11 SEI Investments Co 515 0.03

3 Select Comfort Corp 69 –

12 Select Medical Holdings Corp 148 0.01

5 Selective Insurance Group Inc 203 0.01

4 SemGroup Corp 156 0.01

11 Sempra Energy 1,129 0.07

4 Semtech Corp 125 0.01

1 Seneca Foods Corp 44 –

15 Sensata Technologies Holding NV 545 0.03

3 Sensient Technologies Corp 257 0.02

5 Sequential Brands Group Inc 24 –

18 Service Corp International 477 0.03

8 ServiceMaster Global Holdings Inc 291 0.02

4 ServiceNow Inc 338 0.02

6 ServiceSource International Inc 38 –

2 ServisFirst Bancshares Inc 125 0.01

1 Shake Shack Inc 44 –

3 Shenandoah Telecommunications Co 91 0.01

4 Sherwin-Williams Co 948 0.06

2 Shiloh Industries Inc 11 –

5 Ship Finance International Ltd 74 –

1 Shoe Carnival Inc 35 –

1 Shore Bancshares Inc 13 –

4 ShoreTel Inc 31 –

2 Shutterfly Inc 125 0.01

1 Shutterstock Inc 38 –




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1 SI Financial Group Inc 12 –

2 Sierra Bancorp 41 –

4 Sigma Designs Inc 33 –

3 Signature Bank 510 0.03

5 Signet Jewelers Ltd 442 0.03

4 Silgan Holdings Inc 206 0.01

3 Silicon Laboratories Inc 190 0.01

4 Silver Spring Networks Inc 53 –

3 Simmons First National Corp 172 0.01

4 Simpson Manufacturing Co Inc 168 0.01

6 Sinclair Broadcast Group Inc 197 0.01

95 Sirius XM Holdings Inc 435 0.03

7 Six Flags Entertainment Corp 375 0.02

2 SJW Group 92 0.01

11 Skechers U.S.A. Inc 260 0.02

4 SkyWest Inc 145 0.01

9 Skyworks Solutions Inc 702 0.04

42 SLM Corp 424 0.03

8 SM Energy Co 304 0.02

4 Smart & Final Stores Inc 48 –

4 Smith & Wesson Holding Corp 83 0.01

5 Snap-on Inc 829 0.05

8 Snyder's-Lance Inc 316 0.02

3 Sonic Automotive Inc 68 –

2 Sonic Corp 62 –

8 Sonoco Products Co 434 0.03

6 Sonus Networks Inc 37 –

3 Sotheby's 135 0.01

6 South Jersey Industries Inc 198 0.01

2 South State Corp 175 0.01

31 Southern Co 1,469 0.09

5 Southern Copper Corp 154 0.01

– Southern First Bancshares Inc 14 –

1 Southern Missouri Bancorp Inc 30 –

1 Southern National Bancorp of Virginia Inc 18 –

2 Southside Bancshares Inc 76 –

36 Southwest Airlines Co 1,657 0.10

2 Southwest Bancorp Inc 33 –

3 Southwest Gas Corp 252 0.02

34 Southwestern Energy Co 387 0.02

1 SP Plus Corp 29 –

5 Spartan Motors Inc 48 –

3 SpartanNash Co 92 0.01

26 Spectra Energy Corp 1,062 0.06

3 Spectrum Brands Holdings Inc 402 0.02

6 Spectrum Pharmaceuticals Inc 25 –

4 Speedway Motorsports Inc 80 0.01

3 Spire Inc 195 0.01

12 Spirit AeroSystems Holdings Inc 670 0.04

6 Spirit Airlines Inc 331 0.02

5 Splunk Inc 260 0.02

2 Spok Holdings Inc 37 –

2 Sportsman's Warehouse Holdings Inc 16 –

51 Sprint Corp 397 0.02

9 Sprouts Farmers Market Inc 185 0.01

4 SPX Corp 109 0.01

3 SPX FLOW Inc 103 0.01

15 SS&C Technologies Holdings Inc 450 0.03

7 St Joe Co 144 0.01

12 St Jude Medical Inc 938 0.06

2 Stage Stores Inc 11 –

1 Stamps.com Inc 72 –

2 Standard Motor Products Inc 79 0.01

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1 Standex International Corp 99 0.01

8 Stanley Black & Decker Inc 967 0.06

39 Staples Inc 380 0.02

44 Starbucks Corp 2,536 0.15

5 Starz 166 0.01

4 State Auto Financial Corp 103 0.01

3 State Bank Financial Corp 70 –

4 State National Cos Inc 54 –

16 State Street Corp 1,291 0.08

17 Steel Dynamics Inc 599 0.04

6 Steelcase Inc 87 0.01

4 Stein Mart Inc 18 –

3 Stemline Therapeutics Inc 46 –

2 Stepan Co 138 0.01

3 Stericycle Inc 249 0.02

7 Steris PLC 434 0.03

11 Sterling Bancorp 256 0.02

4 Sterling Construction Co Inc 36 –

5 Steven Madden Ltd 175 0.01

2 Stewart Information Services Corp 89 0.01

5 Stifel Financial Corp 265 0.02

10 Stillwater Mining Co 157 0.01

1 Stock Yards Bancorp Inc 62 –

1 Stonegate Bank 39 –

3 Stoneridge Inc 54 –

– Straight Path Communications Inc 3 –

3 Stratasys Ltd 47 –

1 Strattec Security Corp 19 –

1 Stratus Properties Inc 40 –

1 Strayer Education Inc 45 –

7 Stryker Corp 807 0.05

1 Sturm Ruger & Co Inc 69 –

2 Sucampo Pharmaceuticals Inc 27 –

1 Suffolk Bancorp 54 –

1 Summit Financial Group Inc 24 –

5 Summit Materials Inc 126 0.01

2 Sun Bancorp Inc 48 –

2 Sun Hydraulics Corp 88 0.01

8 SunCoke Energy Inc 91 0.01

3 SunEdison Semiconductor Ltd 33 –

8 SunPower Corp 54 –

19 SunTrust Banks Inc 1,012 0.06

4 Super Micro Computer Inc 106 0.01

14 Superior Energy Services Inc 246 0.01

3 Superior Industries International Inc 68 –

1 Superior Uniform Group Inc 21 –

2 Supernus Pharmaceuticals Inc 43 –

19 Supervalu Inc 86 0.01

3 Supreme Industries Inc 41 –

2 Surgical Care Affiliates Inc 93 0.01

1 SurModics Inc 25 –

5 SVB Financial Group 733 0.04

8 Swift Transportation Co 191 0.01

4 Sykes Enterprises Inc 120 0.01

31 Symantec Corp 746 0.04

2 Synaptics Inc 126 0.01

3 Synchronoss Technologies Inc 133 0.01

50 Synchrony Financial 1,719 0.10

17 Synergy Resources Corp 157 0.01

3 SYNNEX Corp 376 0.02

11 Synopsys Inc 656 0.04

11 Synovus Financial Corp 419 0.03

5 Syntel Inc 102 0.01




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23 Sysco Corp 1,237 0.07

3 Systemax Inc 23 –

13 T Rowe Price Group Inc 957 0.06

12 T-Mobile US Inc 674 0.04

1 Tableau Software Inc 48 –

2 Tailored Brands Inc 45 –

5 Take-Two Interactive Software Inc 248 0.02

7 Talen Energy Corp 101 0.01

1 Tangoe Inc 7 –

14 Targa Resources Corp 741 0.04

26 Target Corp 2,046 0.12

2 Taro Pharmaceutical Industries Ltd 169 0.01

2 TASER International Inc 67 –

3 Taylor Morrison Home Corp 64 –

14 TCF Financial Corp 245 0.01

18 TD Ameritrade Holding Corp 746 0.04

16 TE Connectivity Ltd 1,057 0.06

3 Team Health Holdings Inc 148 0.01

2 Team Inc 81 0.01

3 Tech Data Corp 255 0.02

2 TechTarget Inc 14 –

4 Teekay Corp 33 –

10 Teekay Tankers Ltd 22 –

22 TEGNA Inc 503 0.03

2 Tejon Ranch Co 59 –

2 Teledyne Technologies Inc 306 0.02

3 Teleflex Inc 490 0.03

3 Telenav Inc 16 –

8 Telephone & Data Systems Inc 225 0.01

4 TeleTech Holdings Inc 112 0.01

3 Tempur Sealy International Inc 209 0.01

6 Tenet Healthcare Corp 98 0.01

1 Tennant Co 97 0.01

4 Tenneco Inc 245 0.01

6 Teradata Corp 173 0.01

13 Teradyne Inc 307 0.02

10 Terex Corp 296 0.02

1 Territorial Bancorp Inc 19 –

2 TESARO Inc 205 0.01

6 Tesco Corp 45 –

3 Tesla Motors Inc 531 0.03

13 Tesoro Corp 1,064 0.06

1 TESSCO Technologies Inc 7 –

4 Tessera Technologies Inc 145 0.01

4 Tetra Tech Inc 179 0.01

9 TETRA Technologies Inc 51 –

4 Texas Capital Bancshares Inc 300 0.02

33 Texas Instruments Inc 2,441 0.14

4 Texas Roadhouse Inc 205 0.01

2 Textainer Group Holdings Ltd 22 –

10 TFS Financial Corp 184 0.01

1 Theravance Biopharma Inc 21 –

13 Thermo Fisher Scientific Inc 1,774 0.10

4 Thermon Group Holdings Inc 68 –

5 Thor Industries Inc 487 0.03

3 Tidewater Inc 6 –

11 Tiffany & Co 934 0.06

1 Tile Shop Holdings Inc 12 –

10 Time Inc 155 0.01

27 Time Warner Inc 2,469 0.14

7 Timken Co 284 0.02

6 TimkenSteel Corp 90 0.01

3 Tiptree Financial Inc 17 –

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3 Titan International Inc 37 –

9 TiVo Corp 183 0.01

19 TJX Cos Inc 1,522 0.09

14 Toll Brothers Inc 404 0.02

1 Tompkins Financial Corp 122 0.01

3 Tootsie Roll Industries Inc 102 0.01

3 TopBuild Corp 95 0.01

9 Torchmark Corp 656 0.04

7 Toro Co 349 0.02

12 Total System Services Inc 585 0.03

1 Tower International Inc 29 –

5 Towne Bank 151 0.01

6 Tractor Supply Co 447 0.03

3 TransDigm Group Inc 714 0.04

32 Transocean Ltd 412 0.02

10 TransUnion 292 0.02

23 Travelers Cos Inc 2,564 0.15

9 Travelport Worldwide Ltd 125 0.01

3 TRC Cos Inc 32 –

4 Trecora Resources 46 –

4 Tredegar Corp 81 0.01

5 TreeHouse Foods Inc 345 0.02

2 Trex Co Inc 118 0.01

14 TRI Pointe Group Inc 160 0.01

2 TriCo Bancshares 51 –

4 TriMas Corp 86 0.01

17 Trimble Inc 475 0.03

5 TriNet Group Inc 119 0.01

13 Trinity Industries Inc 367 0.02

2 Trinity Place Holdings Inc 17 –

3 Trinseo SA 158 0.01

5 TripAdvisor Inc 251 0.02

2 Triple-S Management Corp 42 –

3 TriState Capital Holdings Inc 54 –

2 Triton International Ltd 48 –

4 Triumph Group Inc 125 0.01

3 tronc Inc 35 –

5 Tronox Ltd 55 –

4 TrueBlue Inc 79 0.01

5 TrueCar Inc 66 –

7 TrustCo Bank Corp NY 60 –

6 Trustmark Corp 205 0.01

10 TTM Technologies Inc 133 0.01

5 Tuesday Morning Corp 21 –

3 Tupperware Brands Corp 169 0.01

4 Tutor Perini Corp 114 0.01

46 Twenty-First Century Fox Inc, Class A 1,293 0.08

18 Twenty-First Century Fox Inc, Class B 509 0.03

1 Twin Disc Inc 13 –

22 Twitter Inc 410 0.02

1 Tyler Technologies Inc 223 0.01

21 Tyson Foods Inc 1,180 0.07

3 Ubiquiti Networks Inc 190 0.01

– UFP Technologies Inc 7 –

13 UGI Corp 585 0.03

3 Ulta Salon Cosmetics & Fragrance Inc 788 0.05

1 Ultimate Software Group Inc 251 0.02

2 Ultra Clean Holdings Inc 18 –

3 Ultratech Inc 58 –

4 UMB Financial Corp 316 0.02

19 Umpqua Holdings Corp 344 0.02

9 Under Armour Inc, Class A 292 0.02

9 Under Armour Inc, Class C 228 0.01




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1 Unifi Inc 46 –

1 UniFirst Corp 180 0.01

4 Union Bankshares Corp 133 0.01

28 Union Pacific Corp 2,869 0.17

2 Unisys Corp 30 –

6 Unit Corp 151 0.01

7 United Bankshares Inc 319 0.02

7 United Community Banks Inc 178 0.01

3 United Community Financial Corp 26 –

26 United Continental Holdings Inc 1,794 0.11

4 United Financial Bancorp Inc 74 –

3 United Fire Group Inc 116 0.01

1 United Insurance Holdings Corp 19 –

5 United Natural Foods Inc 214 0.01

21 United Parcel Service Inc 2,471 0.15

8 United Rentals Inc 773 0.05

2 United States Cellular Corp 75 –

– United States Lime & Minerals Inc 30 –

14 United States Steel Corp 464 0.03

32 United Technologies Corp 3,493 0.20

4 United Therapeutics Corp 444 0.03

45 UnitedHealth Group Inc 7,155 0.42

1 Unitil Corp 29 –

5 Univar Inc 115 0.01

6 Universal American Corp 59 –

2 Universal Corp 110 0.01

– Universal Display Corp 11 –

1 Universal Electronics Inc 52 –

2 Universal Forest Products Inc 180 0.01

6 Universal Health Services Inc 780 0.05

3 Universal Insurance Holdings Inc 78 0.01

1 Universal Logistics Holdings Inc 18 –

1 Universal Stainless & Alloy Products Inc 10 –

2 Universal Technical Institute Inc 5 –

2 Univest Corp of Pennsylvania 59 –

18 Unum Group 761 0.05

10 Urban Outfitters Inc 327 0.02

61 US Bancorp 3,037 0.18

1 US Concrete Inc 48 –

2 US Ecology Inc 98 0.01

1 US Physical Therapy Inc 41 –

2 US Silica Holdings Inc 107 0.01

1 USA Truck Inc 8 –

1 USANA Health Sciences Inc 80 0.01

10 USG Corp 296 0.02

1 Utah Medical Products Inc 34 –

5 Vaalco Energy Inc 4 –

3 Vail Resorts Inc 424 0.03

31 Valero Energy Corp 1,898 0.11

7 Validus Holdings Ltd 369 0.02

23 Valley National Bancorp 256 0.02

1 Valmont Industries Inc 219 0.01

4 Valspar Corp 385 0.02

8 Vantiv Inc 424 0.03

6 Varian Medical Systems Inc 572 0.03

3 VASCO Data Security International Inc 44 –

– Vascular Solutions Inc 19 –

6 VCA Inc 404 0.02

10 Vector Group Ltd 210 0.01

6 Vectren Corp 293 0.02

2 Vectrus Inc 35 –

4 Veeco Instruments Inc 102 0.01

4 Veeva Systems Inc 177 0.01

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3 Vera Bradley Inc 49 –

10 VeriFone Systems Inc 161 0.01

5 Verint Systems Inc 178 0.01

7 VeriSign Inc 584 0.03

8 Verisk Analytics Inc 642 0.04

2 Veritex Holdings Inc 36 –

1 Veritiv Corp 59 –

177 Verizon Communications Inc 8,810 0.52

2 Versartis Inc 28 –

5 Versum Materials Inc 125 0.01

5 Vertex Pharmaceuticals Inc 369 0.02

12 VF Corp 655 0.04

1 Viacom Inc, Class A 55 –

22 Viacom Inc, Class B 818 0.05

2 Viad Corp 84 0.01

3 ViaSat Inc 244 0.01

21 Viavi Solutions Inc 166 0.01

1 Village Super Market Inc 31 –

3 Vince Holding Corp 11 –

3 Virgin America Inc 147 0.01

1 Virtus Investment Partners Inc 76 0.01

2 Virtusa Corp 37 –

56 Visa Inc 4,318 0.25

13 Vishay Intertechnology Inc 196 0.01

1 Vishay Precision Group Inc 14 –

5 Vista Outdoor Inc 205 0.01

3 Visteon Corp 255 0.02

2 Vitamin Shoppe Inc 55 –

2 VMware Inc 168 0.01

17 Vonage Holdings Corp 114 0.01

2 VOXX International Corp 9 –

16 Voya Financial Inc 605 0.04

1 VSE Corp 39 –

7 Vulcan Materials Co 844 0.05

10 VWR Corp 274 0.02

4 W&T Offshore Inc 7 –

6 Wabash National Corp 81 0.01

3 WABCO Holdings Inc 336 0.02

6 Wabtec Corp 526 0.03

5 Waddell & Reed Financial Inc 89 0.01

72 Wal-Mart Stores Inc 5,091 0.30

29 Walgreens Boots Alliance Inc 2,448 0.14

2 Walker & Dunlop Inc 71 –

59 Walt Disney Co 5,857 0.34

7 Washington Federal Inc 233 0.01

2 Washington Trust Bancorp Inc 87 0.01

1 WashingtonFirst Bankshares Inc 28 –

24 Waste Management Inc 1,697 0.10

4 Waters Corp 549 0.03

3 Waterstone Financial Inc 49 –

2 Watsco Inc 297 0.02

2 Watts Water Technologies Inc 143 0.01

2 WCI Communities Inc 42 –

1 WD-40 Co 102 0.01

59 Weatherford International PLC 301 0.02

5 Web.com Group Inc 74 –

2 WebMD Health Corp 125 0.01

8 Webster Financial Corp 408 0.02

16 WEC Energy Group Inc 911 0.05

2 Weight Watchers International Inc 16 –

2 Weis Markets Inc 124 0.01

3 WellCare Health Plans Inc 452 0.03

189 Wells Fargo & Co 9,996 0.58




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8 Welltower Inc – –

24 Wendy's Co 302 0.02

6 Werner Enterprises Inc 166 0.01

4 WesBanco Inc 149 0.01

10 Wesco Aircraft Holdings Inc 143 0.01

4 WESCO International Inc 285 0.02

2 West Bancorporation Inc 54 –

6 West Corp 139 0.01

2 West Marine Inc 18 –

3 West Pharmaceutical Services Inc 274 0.02

1 Westamerica Bancorporation 75 –

7 Westar Energy Inc 408 0.02

9 Western Alliance Bancorp 402 0.02

13 Western Digital Corp 841 0.05

2 Western New England Bancorp Inc 15 –

9 Western Refining Inc 340 0.02

31 Western Union Co 655 0.04

6 Westlake Chemical Corp 377 0.02

12 WestRock Co 616 0.04

– Westwood Holdings Group Inc 26 –

3 WEX Inc 318 0.02

1 Weyco Group Inc 29 –

4 WGL Holdings Inc 263 0.02

5 Whirlpool Corp 858 0.05

– White Mountains Insurance Group Ltd 340 0.02

8 WhiteWave Foods Co 442 0.03

25 Whiting Petroleum Corp 301 0.02

27 Whole Foods Market Inc 824 0.05

2 Willbros Group Inc 6 –

2 William Lyon Homes 49 –

16 Williams Cos Inc 483 0.03

6 Williams-Sonoma Inc 348 0.02

6 Willis Towers Watson PLC 759 0.05

5 Windstream Holdings Inc 40 –

2 Wingstop Inc 55 –

– Winmark Corp 46 –

2 Winnebago Industries Inc 55 –

5 Wintrust Financial Corp 299 0.02

6 WisdomTree Investments Inc 70 –

4 WMIH Corp 6 –

8 Wolverine World Wide Inc 179 0.01

4 Woodward Inc 297 0.02

3 Workday Inc 260 0.02

– World Acceptance Corp 15 –

6 World Fuel Services Corp 264 0.02

4 Worthington Industries Inc 234 0.01

31 WPX Energy Inc 488 0.03

11 WR Berkley Corp 654 0.04

4 WR Grace & Co 276 0.02

8 Wright Medical Group NV 187 0.01

3 WSFS Financial Corp 129 0.01

4 WW Grainger Inc 831 0.05

7 Wyndham Worldwide Corp 507 0.03

7 Wynn Resorts Ltd 735 0.04

23 Xcel Energy Inc 910 0.05

4 Xcerra Corp 24 –

1 Xencor Inc 38 –

5 Xenith Bankshares Inc 11 –

1 Xerium Technologies Inc 4 –

76 Xerox Corp 711 0.04

9 Xilinx Inc 510 0.03

21 XL Group Ltd 771 0.05

2 XO Group Inc 35 –

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9 XPO Logistics Inc 418 0.03

9 Xylem Inc 439 0.03

5 Yadkin Financial Corp 167 0.01

20 Yahoo! Inc 833 0.05

2 Yelp Inc 63 –

1 York Water Co 29 –

1 YRC Worldwide Inc 17 –

20 Yum China Holdings Inc 550 0.03

20 Yum! Brands Inc 1,241 0.07

1 YuMe Inc 2 –

2 ZAGG Inc 11 –

11 Zayo Group Holdings Inc 375 0.02

2 Zebra Technologies Corp 151 0.01

1 Zedge Inc 2 –

4 Zillow Group Inc, Class A 143 0.01

9 Zillow Group Inc, Class C 315 0.02

7 Zimmer Biomet Holdings Inc 701 0.04

16 Zions Bancorporation 648 0.04

6 Zix Corp 28 –

21 Zoetis Inc 1,038 0.06

3 Zogenix Inc 38 –

3 Zumiez Inc 80 0.01

62 Zynga Inc 176 0.01

986,701 57.65

Total Common Stock – 95.76% (30 November 2015: 96.33%) 1,638,800 95.76

Shares (000's)

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USD


Preferred Stock

Germany - 0.15%


1 Biotest AG 17 –

1 Draegerwerk AG & Co KGaA 48 –


3 Henkel AG & Co KGaA 285 0.01




8 Schaeffler AG 100 0.01

2 Sixt SE 73 –

– STO SE & Co KGaA 16 –

1 Villeroy & Boch AG 15 –

9 Volkswagen AG 1,160 0.07

2,615 0.15


Shares (000's)

Value (000's)

USD



Australia - 0.23%

15 360 Capital Industrial Fund 28 –

24 Abacus Property Group 52 –

7 ALE Property Group 23 –

15 Arena REIT 20 –

3 Astro Japan Property Group 14 –

35 BWP Trust 76 0.01

8 Centuria Metropolitan REIT 12 –

26 Charter Hall Group 87 0.01




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21 Charter Hall Retail REIT 67 0.01

87 Cromwell Property Group 59 –

50 Dexus Property Group 338 0.02

9 Folkestone Education Trust 16 –

6 Galileo Japan Trust – –

18 GDI Property Group 13 –

16 Generation Healthcare REIT 21 –

97 Goodman Group 476 0.03

95 GPT Group 340 0.02

15 Growthpoint Properties Australia Ltd 33 –

16 Hotel Property Investments 32 –

9 Industria REIT 13 –

11 Ingenia Communities Group 22 –

34 Investa Office Fund 110 0.01

206 Mirvac Group 311 0.02

162 Scentre Group 508 0.03

40 Shopping Centres Australasia Property Group 62 –

125 Stockland 399 0.02

184 Vicinity Centres 397 0.02

60 Westfield Corp 404 0.03

3,933 0.23

Belgium - 0.03%

1 Aedifica SA 71 –

– Ascencio 16 –


1 Care Property Invest 15 –


– Home Invest Belgium 5 –

1 Intervest Offices & Warehouses NV 13 –

– Leasinvest Real Estate SCA 29 –

– Montea SCA 12 –

1 Retail Estates NV 44 –


– Wereldhave Belgium NV 26 –

558 0.03

Canada - 0.08%

4 Allied Properties Real Estate Investment Trust 86 0.01

6 Artis Real Estate Investment Trust 53 –

1 Boardwalk Real Estate Investment Trust 42 –

1 Brookfield Canada Office Properties 16 –

4 Canadian Apartment Properties REIT 92 0.01

2 Canadian Real Estate Investment Trust 78 0.01

3 Choice Properties Real Estate Investment Trust 29 –

7 Cominar Real Estate Investment Trust 72 0.01

3 Crombie Real Estate Investment Trust 25 –

3 CT Real Estate Investment Trust 32 –

4 Dream Global Real Estate Investment Trust 29 –

5 Dream Industrial Real Estate Investment Trust 30 –

3 Dream Office Real Estate Investment Trust 46 –

2 Granite Real Estate Investment Trust 69 0.01

10 H&R Real Estate Investment Trust 168 0.01

6 InterRent Real Estate Investment Trust 30 –

5 Killam Apartment Real Estate Investment Trust 43 –

4 Milestone Apartments Real Estate Investment Trust 46 –

2 Morguard Real Estate Investment Trust 20 –

1 Northview Apartment Real Estate Investment Trust 14 – 4

NorthWest Healthcare Properties Real Estate Investment Trust 31 –

3 Plaza Retail REIT 10 –

10 Pure Industrial Real Estate Trust 41 –

8 RioCan Real Estate Investment Trust 166 0.01

2 Slate Retail REIT 25 –

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4 Smart Real Estate Investment Trust 95 0.01

2 WPT Industrial Real Estate Investment Trust 23 –

1,411 0.08

France - 0.08%

– Altarea SCA 71 0.01

1 ANF Immobilier 11 –

1 Argan SA 23 –


3 Gecina SA 389 0.02

2 ICADE 169 0.01

12 Klepierre 429 0.03

3 Mercialys SA 61 –

1 Terreis 23 –

1,365 0.08

Germany - 0.01%


5 Hamborner REIT AG 43 –

160 0.01

Hong Kong - 0.07%

137 Champion REIT 78 0.01

106 Fortune Real Estate Investment Trust 125 0.01

119 Link REIT 823 0.05

75 Prosperity REIT 30 –

94 Regal Real Estate Investment Trust 26 –

67 Sunlight Real Estate Investment Trust 40 –

1,122 0.07

Ireland - 0.01%


42 Hibernia REIT PLC 53 –

108 0.01

Italy - 0.00%

75 Beni Stabili SpA SIIQ 40 –

34 Immobiliare Grande Distribuzione SIIQ SpA 22 –

62 –

Japan - 0.33%

– Activia Properties Inc 176 0.01

– Advance Residence Investment Corp 235 0.01

– AEON REIT Investment Corp 74 –

– Comforia Residential REIT Inc 77 0.01

– Daiwa House REIT Investment Corp 192 0.01

– Daiwa Office Investment Corp 122 0.01

– Frontier Real Estate Investment Corp 152 0.01

– Fukuoka REIT Corp 67 –

– Global One Real Estate Investment Corp 60 –

– GLP J-Reit 201 0.01

– Hankyu Reit Inc 57 –

– Heiwa Real Estate REIT Inc 34 –

– Hoshino Resorts REIT Inc 53 –

– Ichigo Office REIT Investment 62 –

– Industrial & Infrastructure Fund Investment Corp 97 0.01

1 Invincible Investment Corp 94 0.01

– Japan Excellent Inc 107 0.01

1 Japan Hotel REIT Investment Corp 169 0.01

– Japan Logistics Fund Inc 116 0.01

– Japan Prime Realty Investment Corp 232 0.01

– Japan Real Estate Investment Corp 391 0.02

– Japan Rental Housing Investments Inc 88 0.01

– Japan Retail Fund Investment Corp 283 0.02

– Kenedix Office Investment Corp 171 0.01

– Kenedix Residential Investment Corp 47 –

– Kenedix Retail REIT Corp 68 –




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– MCUBS MidCity Investment Corp 39 –

– Mori Hills REIT Investment Corp 130 0.01

– Mori Trust Sogo Reit Inc 103 0.01

– Nippon Accommodations Fund Inc 128 0.01

– Nippon Building Fund Inc 424 0.03

– Nippon Prologis REIT Inc 187 0.01

– Nippon REIT Investment Corp 53 –

1 Nomura Real Estate Master Fund Inc 307 0.02

– Orix JREIT Inc 212 0.01

– Premier Investment Corp 101 0.01

– Sekisui House REIT Inc 57 –

– Sekisui House SI Residential Investment Corp 82 0.01

– SIA Reit Inc 23 –

– Starts Proceed Investment Corp 17 –

– Tokyu REIT Inc 73 –

– United Urban Investment Corp 251 0.02

5,612 0.33

Netherlands - 0.07%

11 NSI NV 42 –

5 Unibail-Rodamco SE 978 0.06

1 Vastned Retail NV 41 –


1,159 0.07

New Zealand - 0.01%

67 Goodman Property Trust 58 0.01

27 Vital Healthcare Property Trust 39 –

97 0.01

Singapore - 0.10%

28 AIMS AMP Capital Industrial REIT 26 –

52 Ascendas Hospitality Trust 25 –

164 Ascendas Real Estate Investment Trust 267 0.02

74 Ascott Residence Trust 59 –

43 Cache Logistics Trust 24 –

47 Cambridge Industrial Trust 18 –

124 CapitaLand Commercial Trust 131 0.01

103 CapitaLand Mall Trust 139 0.01

28 CapitaLand Retail China Trust 27 –

50 CDL Hospitality Trusts 46 –

42 Far East Hospitality Trust 17 –

33 First Real Estate Investment Trust 29 –

31 Frasers Centrepoint Trust 42 –

31 Frasers Commercial Trust 28 –

83 Frasers Hospitality Trust 36 –

46 Keppel DC REIT 39 –

111 Keppel REIT 83 0.01

129 Lippo Malls Indonesia Retail Trust 34 –

127 Mapletree Commercial Trust 127 0.01

111 Mapletree Greater China Commercial Trust 75 0.01

69 Mapletree Industrial Trust 79 0.01

111 Mapletree Logistics Trust 79 0.01

21 OUE Commercial Real Estate Investment Trust 10 –

62 OUE Hospitality Trust 28 –

27 Parkway Life Real Estate Investment Trust 46 –

38 Sabana Shari'ah Compliant Industrial Real Estate Investment Trust 14 –

48 Soilbuild Business Space REIT 21 –

39 SPH REIT 26 –

81 Starhill Global REIT 43 –

148 Suntec Real Estate Investment Trust 174 0.01

1,792 0.10

Shares (000's)

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Spain - 0.02%

4 Hispania Activos Inmobiliarios SOCIMI SA 44 –


366 0.02


98 Assura PLC 70 –


50 British Land Co PLC 367 0.02

43 Capital & Regional PLC 29 –



48 Hammerson PLC 327 0.02


73 Intu Properties PLC 245 0.01

37 Land Securities Group PLC 447 0.03


3 McKay Securities PLC 7 –

3 Mucklow A & J Group PLC 15 –

45 Primary Health Properties PLC 62 –

87 Redefine International PLC 40 –

15 Safestore Holdings PLC 66 –

35 Schroder Real Estate Investment Trust Ltd 26 –

59 Segro PLC 307 0.02



2,939 0.17


5 Acadia Realty Trust 168 0.01

2 Agree Realty Corp 76 0.01

– Alexander's Inc 171 0.01

6 Alexandria Real Estate Equities Inc 604 0.04

– Altisource Residential Corp 2 –

3 American Assets Trust Inc 120 0.01

9 American Campus Communities Inc 441 0.03

17 American Homes 4 Rent 367 0.02

5 American Tower Corp 471 0.03

12 Apartment Investment & Management Co 487 0.03

12 Apple Hospitality REIT Inc 224 0.01

2 Ashford Hospitality Prime Inc 30 –

11 Ashford Hospitality Trust Inc 75 –

7 AvalonBay Communities Inc 1,137 0.07

1 Bluerock Residential Growth REIT Inc 14 –

8 Boston Properties Inc 948 0.06

13 Brandywine Realty Trust 194 0.01

21 Brixmor Property Group Inc 514 0.03

6 Camden Property Trust 507 0.03

6 Care Capital Properties Inc 138 0.01

4 CareTrust REIT Inc 63 –

13 CBL & Associates Properties Inc 158 0.01

7 Cedar Realty Trust Inc 43 –

4 Chatham Lodging Trust 69 –

4 Chesapeake Lodging Trust 102 0.01

2 City Office REIT Inc 25 –

7 Colony Starwood Homes 210 0.01

8 Columbia Property Trust Inc 177 0.01

6 Communications Sales & Leasing Inc 161 0.01

4 CoreCivic Inc 91 0.01

2 CoreSite Realty Corp 162 0.01

6 Corporate Office Properties Trust 184 0.01

25 Cousins Properties Inc 199 0.01

4 Crown Castle International Corp 334 0.02

9 CubeSmart 233 0.01

6 CyrusOne Inc 249 0.02

7 DCT Industrial Trust Inc 301 0.02




Shares (000's)

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USD




24 DDR Corp 363 0.02

15 DiamondRock Hospitality Co 160 0.01

9 Digital Realty Trust Inc 784 0.05

11 Douglas Emmett Inc 412 0.02

25 Duke Realty Corp 640 0.04

5 DuPont Fabros Technology Inc 214 0.01

3 Easterly Government Properties Inc 57 –

2 EastGroup Properties Inc 153 0.01

5 Education Realty Trust Inc 184 0.01

8 Empire State Realty Trust Inc 170 0.01

4 EPR Properties 299 0.02

4 Equinix Inc 1,204 0.07

9 Equity Commonwealth 250 0.02

6 Equity LifeStyle Properties Inc 443 0.03

9 Equity One Inc 283 0.02

15 Equity Residential 912 0.05

3 Essex Property Trust Inc 750 0.04

7 Extra Space Storage Inc 456 0.03

5 Federal Realty Investment Trust 709 0.04

9 FelCor Lodging Trust Inc 65 –

8 First Industrial Realty Trust Inc 221 0.01

4 First Potomac Realty Trust 41 –

17 Forest City Realty Trust Inc 311 0.02

4 Four Corners Property Trust Inc 72 –

6 Franklin Street Properties Corp 73 –

14 Gaming and Leisure Properties Inc 435 0.03

28 General Growth Properties Inc 721 0.04

1 Geo Group Inc 20 –

2 Getty Realty Corp 43 –

1 Gladstone Commercial Corp 18 –

5 Government Properties Income Trust 94 0.01

27 Gramercy Property Trust 240 0.01

25 HCP Inc 734 0.04

7 Healthcare Realty Trust Inc 212 0.01

9 Healthcare Trust of America Inc 261 0.02

3 Hersha Hospitality Trust 53 –

7 Highwoods Properties Inc 321 0.02

10 Hospitality Properties Trust 299 0.02

40 Host Hotels & Resorts Inc 706 0.04

7 Hudson Pacific Properties Inc 253 0.02

4 Independence Realty Trust Inc 32 –

7 Investors Real Estate Trust 45 –

18 Iron Mountain Inc 605 0.04

6 Kilroy Realty Corp 462 0.03

23 Kimco Realty Corp 576 0.03

6 Kite Realty Group Trust 133 0.01

3 Lamar Advertising Co 180 0.01

8 LaSalle Hotel Properties 224 0.01

16 Lexington Realty Trust 169 0.01

11 Liberty Property Trust 415 0.02

3 Life Storage Inc 264 0.02

3 LTC Properties Inc 130 0.01

8 Macerich Co 515 0.03

7 Mack-Cali Realty Corp 176 0.01

15 Medical Properties Trust Inc 183 0.01

5 Mid-America Apartment Communities Inc 490 0.03

4 Monmouth Real Estate Investment Corp 61 –

11 Monogram Residential Trust Inc 112 0.01

3 National Health Investors Inc 206 0.01

10 National Retail Properties Inc 437 0.03

2 National Storage Affiliates Trust 50 –

6 New Senior Investment Group Inc 63 –

9 New York REIT Inc 91 0.01

Shares (000's)

Value (000's)

USD




2 NexPoint Residential Trust Inc 38 –

4 NorthStar Realty Europe Corp 39 –

13 Omega Healthcare Investors Inc 396 0.02

1 One Liberty Properties Inc 20 –

3 Outfront Media Inc 70 –

15 Paramount Group Inc 233 0.01

3 Parkway Inc 62 –

4 Pebblebrook Hotel Trust 129 0.01

4 Pennsylvania Real Estate Investment Trust 82 0.01

9 Physicians Realty Trust 166 0.01

10 Piedmont Office Realty Trust Inc 198 0.01

4 Post Properties Inc 241 0.01

27 Prologis Inc 1,353 0.08

2 PS Business Parks Inc 218 0.01

5 Public Storage 1,082 0.06

3 QTS Realty Trust Inc 149 0.01

5 Quality Care Properties Inc 72 –

5 Ramco-Gershenson Properties Trust 87 0.01

14 Realty Income Corp 765 0.05

8 Regency Centers Corp 511 0.03

7 Retail Opportunity Investments Corp 138 0.01

16 Retail Properties of America Inc 245 0.01

5 Rexford Industrial Realty Inc 101 0.01

9 RLJ Lodging Trust 207 0.01

3 Ryman Hospitality Properties Inc 196 0.01

4 Sabra Health Care REIT Inc 98 0.01

1 Saul Centers Inc 92 0.01

7 Select Income REIT 162 0.01

16 Senior Housing Properties Trust 285 0.02

1 Seritage Growth Properties 65 –

3 Silver Bay Realty Trust Corp 47 –

11 Simon Property Group Inc 1,955 0.11

7 SL Green Realty Corp 748 0.04

36 Spirit Realty Capital Inc 383 0.02

5 STAG Industrial Inc 107 0.01

10 STORE Capital Corp 245 0.01

5 Summit Hotel Properties Inc 78 0.01

5 Sun Communities Inc 366 0.02

15 Sunstone Hotel Investors Inc 224 0.01

7 Tanger Factory Outlet Centers Inc 228 0.01

4 Taubman Centers Inc 302 0.02

3 Terreno Realty Corp 89 0.01

3 Tier REIT Inc 41 –

19 UDR Inc 643 0.04

2 UMH Properties Inc 31 –

1 Universal Health Realty Income Trust 60 –

6 Urban Edge Properties 170 0.01

2 Urstadt Biddle Properties Inc 43 –

18 Ventas Inc 1,066 0.06

70 VEREIT Inc 579 0.03

9 Vornado Realty Trust 844 0.05

12 Washington Prime Group Inc 120 0.01

5 Washington Real Estate Investment Trust 144 0.01

9 Weingarten Realty Investors 304 0.02

18 Welltower Inc 1,133 0.07

3 Whitestone REIT 35 –

7 WP Carey Inc 427 0.03

8 Xenia Hotels & Resorts Inc 131 0.01





Shares (000's)

Value (000's)

USD


Rights

Australia – 0.00%

27 Boral Ltd – –

– –

Canada – 0.00%

5 Yamana Gold Inc 1 –

1 –

Italy – 0.00%

354 Banca Popolare Di Milano Scarl – –

59 Banco Popolare Societa – –

– –

Spain – 0.00%

137 CaixaBank SA 6 –

157 Telefonica SA 52 –

58 –

United States – 0.00%

10 Community Health Systems Inc – –

– Overstock.com Inc – –

– –


Warrants


2 Central European Media Enterprises Ltd – –

– –


Total Investments – 99.85% (30 November 2015: 100.10%) 1,708,905 99.85

Cash and Cash Equivalents – 0.68% (30 November 2015: 0.32%) 11,606 0.68 Liabilities in Excess of Other Assets – (0.53)% (30 November 2015: (0.42)%) (9,059) (0.53)


- Amounts designated as “–“ are either $0, less than $500 or less than 500 shares.


Transferable securities admitted to an official stock exchange listing 96.95 Other transferable securities of the type referred to in Regulations 68 (1)(a), (b) and (c) 0.01

Current Assets 3.04

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) EUR


Corporate Bonds

Australia - 6.88% 32,022

Australia & New Zealand Banking Group Ltd 2.250 13/06/2019 30,371 1.60

4,940


8,000 Commonwealth Bank of Australia 2.300 6/09/2019 7,577 0.40



7,850 National Australia Bank Ltd 2.250 1/07/2019 7,434 0.39






17,209 Westpac Banking Corp 2.250 17/01/2019 16,320 0.86

130,750 6.88

Austria - 0.93% 3,000

Oesterreichische Kontrollbank AG 1.500 21/10/2020 2,780 0.14

16,000 Oesterreichische Kontrollbank AG 1.875 20/01/2021 14,969 0.79

17,749 0.93

Canada - 7.67%

7,800 Bank of Nova Scotia 2.050 5/06/2019 7,371 0.39




8,200 Royal Bank of Canada 2.150 15/03/2019 7,770 0.41



11,350 Royal Bank of Canada 2.500 19/01/2021 10,768 0.57 12,456

Toronto-Dominion Bank 2.125 2/07/2019 11,810 0.62

7,060 Toronto-Dominion Bank 2.250 5/11/2019 6,707 0.35




145,786 7.67

France - 3.79%

10,005 Dexia Credit Local SA 2.250 30/01/2019 9,488 0.50

22,910 Dexia Credit Local SA 1.875 29/01/2020 21,368 1.13 8,038

IXIS Corporate & Investment Bank SA 5.875 24/02/2020 10,885 0.57

16,301 Total Capital International SA 2.100 19/06/2019 15,439 0.81

5,000 Total Capital International SA 2.750 19/06/2021 4,775 0.25

10,000 Total Capital SA 4.450 24/06/2020 10,142 0.53

72,097 3.79

Germany - 4.19% 7,000

FMS Wertmanagement AoeR 1.125 13/12/2019 8,405 0.44

15,000 Kreditanstalt fuer Wiederaufbau 2.750 8/09/2020 14,630 0.77


Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) EUR


Corporate Bonds (continued)



3,845 Landwirtschaftliche Rentenbank 1.375 15/12/2020 4,653 0.24


79,674 4.19

Ireland - 2.85% 54,526

GE Capital International Funding Co 2.342 15/11/2020 51,435 2.70

2,000 GE Capital UK Funding Unlimited Co 5.875 4/11/2020 2,790 0.15

54,225 2.85

Netherlands - 6.90% 13,882

Bank Nederlandse Gemeenten NV 4.375 16/02/2021 14,261 0.75

15,000 Bank Nederlandse Gemeenten NV 1.625 19/04/2021 13,845 0.73

5,000 Cooperatieve Rabobank UA 2.250 14/01/2020 4,712 0.25


8,411 Nederlandse Waterschapsbank NV 1.000 9/12/2019 10,021 0.53

3,454 Shell International Finance BV 4.375 25/03/2020 3,508 0.18




131,100 6.90

Norway - 0.94%

18,695 Statoil ASA 2.250 8/11/2019 17,776 0.94

17,776 0.94

Singapore - 0.82% 22,500

Temasek Financial I Ltd 3.265 19/02/2020 15,515 0.82

15,515 0.82

Supranational - 5.13% 21,600

Asian Development Bank 1.625 16/03/2021 20,133 1.06

5,532 EUROFIMA 1.750 29/05/2020 5,202 0.27 10,000

European Investment Bank 1.500 1/02/2019 12,062 0.63

8,600 European Investment Bank 2.250 7/03/2020 10,647 0.56




5,000 Inter-American Development Bank 1.875 16/06/2020 4,733 0.25

6,490

International Bank for Reconstruction & Development 1.375 15/12/2020 7,870 0.41

20,000


9,000


97,420 5.13




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) EUR



Sweden - 6.37%

16,718 Nordea Bank AB 2.375 4/04/2019 15,892 0.84

8,855 Nordea Bank AB 4.875 27/01/2020 8,965 0.47

5,000 Nordea Bank AB 2.500 17/09/2020 4,714 0.25

22,000 Nordea Bank AB 2.250 27/05/2021 20,463 1.08 25,000

Svensk Exportkredit AB 1.750 28/08/2020 23,429 1.23

13,000 Svensk Exportkredit AB 1.750 10/03/2021 12,063 0.63

22,975 Svenska Handelsbanken AB 2.250 17/06/2019 21,777 1.14



121,129 6.37


27,074

Network Rail Infrastructure Finance PLC 4.625 21/07/2020 36,510 1.92

36,510 1.92


5,652 3M Co 2.000 7/08/2020 5,332 0.28

11,000 Apple Inc 2.000 6/05/2020 10,393 0.55

36,227 Apple Inc 2.250 23/02/2021 34,199 1.80 6,167

Automatic Data Processing Inc 2.250 15/09/2020 5,843 0.31

2,000 Berkshire Hathaway Finance Corp 2.900 15/10/2020 1,938 0.10

54,100 Berkshire Hathaway Inc 2.200 15/03/2021 50,972 2.68

4,844 Chevron Corp 2.193 15/11/2019 4,619 0.24

27,762 Chevron Corp 1.961 3/03/2020 25,948 1.37

3,000 Chevron Corp 2.427 24/06/2020 2,850 0.15

14,500 Chevron Corp 2.419 17/11/2020 13,779 0.73

4,941 Chevron Corp 2.100 16/05/2021 4,611 0.24

16,557 Cisco Systems Inc 4.450 15/01/2020 16,743 0.88




24,125 Coca-Cola Co 1.875 27/10/2020 22,586 1.19

2,513 Coca-Cola Co 2.450 1/11/2020 2,403 0.13

1,419 Coca-Cola Co 3.150 15/11/2020 1,394 0.07

17,000 Exxon Mobil Corp 1.912 6/03/2020 16,062 0.85

38,550 Exxon Mobil Corp 2.222 1/03/2021 36,284 1.91 17,100

International Business Machines Corp 1.625 15/05/2020 15,866 0.83

3,750 International Business Machines Corp 2.750 21/12/2020 4,732 0.25

16,000 International Business Machines Corp 2.250 19/02/2021 15,070 0.79

13,800 Johnson & Johnson 1.650 1/03/2021 12,835 0.68

31,530 Merck & Co Inc 1.850 10/02/2020 29,725 1.56

1,055 Merck & Co Inc 3.875 15/01/2021 1,059 0.06

14,400 Microsoft Corp 1.850 12/02/2020 13,594 0.72

45,958 Microsoft Corp 2.000 3/11/2020 43,320 2.28

6,280 Nestle Holdings Inc 1.750 9/12/2020 7,690 0.40

2,211 Oracle Corp 3.875 15/07/2020 2,218 0.12

22,535 Pfizer Inc 2.100 15/05/2019 21,454 1.13

24,574 Pfizer Inc 1.950 3/06/2021 22,936 1.21

1,226 Procter & Gamble Co 1.850 2/02/2021 1,146 0.06 18,000

Toyota Motor Credit Corp 2.150 12/03/2020 16,951 0.89

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) EUR



United States - 28.41% (continued) 4,382

Toyota Motor Credit Corp 4.500 17/06/2020 4,442 0.23

24,042 Toyota Motor Credit Corp 1.900 8/04/2021 22,317 1.17


8,000 US Bank NA 2.125 28/10/2019 7,591 0.40

539,899 28.41

Total Corporate Bonds - 76.80% (30 November 2015: 73.23%) 1,459,630 76.80

Government Bonds

Canada - 7.67% 26,020

Export Development Canada 1.000 15/12/2020 31,029 1.63

15,000 Export Development Canada 1.375 21/10/2021 13,710 0.72

19,500 Province of Alberta Canada 1.750 26/08/2020 18,286 0.96

16,300 Province of Manitoba Canada 2.050 30/11/2020 15,453 0.81

29,800 Province of Ontario Canada 4.400 14/04/2020 30,387 1.60


27,500 Province of Quebec Canada 3.500 29/07/2020 27,435 1.45

145,726 7.67

Finland - 2.09% 27,207

Finland Government International Bond 1.625 15/12/2020 33,236 1.75

7,000 Municipality Finance PLC 1.500 23/03/2020 6,531 0.34

39,767 2.09

France - 0.71% 14,490

Agence Francaise de Developpement 1.625 21/01/2020 13,562 0.71

13,562 0.71

Japan - 0.83% 8,000

Japan Bank for International Cooperation 1.750 28/05/2020 7,449 0.39

8,750

Japan Finance Organization for Municipalities 2.125 6/03/2019 8,257 0.44

15,706 0.83

Singapore - 2.88% 60,000

Singapore Government Bond 2.250 1/06/2021 40,554 2.13

22,000 Singapore Government Bond 1.250 1/10/2021 14,186 0.75

54,740 2.88

Sweden - 1.60% 223,000

Kommuninvest I Sverige AB 2.500 1/12/2020 25,102 1.32

50,000 Kommuninvest I Sverige AB 1.000 15/09/2021 5,285 0.28

30,387 1.60


77,000 United Kingdom Gilt 2.000 22/07/2020 95,996 5.05


149,301 7.86 Total Government Bonds – 23.64% (30 November 2015: 25.96%) 449,189 23.64





Forward Currency Contracts

Buy Amount (000's) Sell Amount (000's) Counterparty Maturity Date

Unrealised Appreciation/(Depreciation)

of Contracts (000's) EUR


Buy 34,337 CHF Sell 31,888 EUR State Street Bank 16/12/2016 (13) –

Buy 10 CHF Sell 10 EUR State Street Bank 16/12/2016 – –

Buy 3 CHF Sell 3 EUR State Street Bank 16/12/2016 – –

Buy 366 EUR Sell 393 CHF State Street Bank 16/12/2016 2 –

Buy 274 EUR Sell 242 GBP CitiBank 07/12/2016 (11) –

Buy 93,373 EUR Sell 79,580 GBP CitiBank 04/01/2017 (502) (0.03)

Buy 109 EUR Sell 97 GBP State Street Bank 07/12/2016 (5) –





Buy 9 EUR Sell 8 GBP State Street Bank 07/12/2016 – –

Buy 1,134 EUR Sell 975 GBP State Street Bank 07/12/2016 (17) –

Buy 100,444 EUR Sell 89,743 GBP State Street Bank 14/12/2016 (5,474) (0.29)


Buy 102,182 EUR Sell 87,333 GBP State Street Bank 30/12/2016 (851) (0.04)

Buy 104,945 EUR Sell 93,444 GBP UBS AG 09/12/2016 (5,355) (0.28)

Buy 10,484 EUR Sell 8,924 GBP UBS AG 14/12/2016 (49) –

Buy 3,475 EUR Sell 405,940 JPY JP Morgan 01/12/2016 127 0.01

Buy 3,476 EUR Sell 405,940 JPY JP Morgan 02/12/2016 128 0.01

Buy 62,663 EUR Sell 7,395,438 JPY National Australia Bank 08/12/2016 1,672 0.09

Buy 1,638 EUR Sell 190,113 JPY State Street Bank 02/12/2016 70 –

Buy 50 EUR Sell 5,619 JPY State Street Bank 08/12/2016 3 –



Buy 4,259 EUR Sell 500,000 JPY State Street Bank 09/12/2016 135 0.01

Buy 63,122 EUR Sell 7,446,591 JPY UBS AG 09/12/2016 1,709 0.09

Buy 16,093 EUR Sell 153,547 SEK Bank of America 13/12/2016 383 0.02

Buy 12,177 EUR Sell 116,462 SEK CitiBank 19/12/2016 260 0.01

Buy 5,362 EUR Sell 52,078 SEK CitiBank 19/12/2016 33 –

Buy 89 EUR Sell 878 SEK State Street Bank 01/12/2016 (1) –

Buy 717 EUR Sell 7,062 SEK State Street Bank 12/12/2016 (6) –

Buy 128 EUR Sell 1,255 SEK State Street Bank 12/12/2016 (1) –

Buy 11,013 EUR Sell 16,726 SGD Morgan Stanley 19/12/2016 12 –

Buy 2,547 EUR Sell 3,889 SGD State Street Bank 05/12/2016 (13) –

Buy 13,891 EUR Sell 21,354 SGD State Street Bank 06/12/2016 (164) (0.01)

Buy 14,312 EUR Sell 22,000 SGD State Street Bank 07/12/2016 (168) (0.01)

Buy 11,185 EUR Sell 17,000 SGD State Street Bank 20/12/2016 4 –

Buy 22,577 EUR Sell 34,326 SGD State Street Bank 21/12/2016 3 –

Buy 7,605 EUR Sell 8,429 USD Australia & New Zealand Banking

Group Ltd 22/12/2016 (339) (0.02)


Group Ltd 23/12/2016 (459) (0.02)


Group Ltd 23/12/2016 (686) (0.04)

Buy 117,320 EUR Sell 128,249 USD Bank of America 09/12/2016 (3,659) (0.19)



Buy 22,898 EUR Sell 24,394 USD Bank of America 23/12/2016 (93) –

Buy 125,371 EUR Sell 137,259 USD CitiBank 01/12/2016 (4,137) (0.22)





Buy 15,671 EUR Sell 17,373 USD CitiBank 23/12/2016 (703) (0.04)

Buy 4,653 EUR Sell 5,169 USD CitiBank 23/12/2016 (219) (0.01)

Buy 470 EUR Sell 500 USD HSBC Bank USA 18/01/2017 (1) –

Buy 129,468 EUR Sell 141,648 USD JP Morgan 16/12/2016 (4,091) (0.22)

Buy 7,777 EUR Sell 8,551 USD JP Morgan 23/12/2016 (283) (0.01)

Buy 117,169 EUR Sell 132,043 USD Royal Bank of Scotland 20/12/2016 (7,301) (0.38)

Buy 1,040 EUR Sell 1,171 USD State Street Bank 12/12/2016 (65) –

Buy 4,681 EUR Sell 5,200 USD State Street Bank 23/12/2016 (220) (0.01)

Buy 35 EUR Sell 39 USD State Street Bank 06/01/2017 (2) –

Buy 12 EUR Sell 13 USD State Street Bank 06/01/2017 – –




Forward Currency Contracts (continued)







Buy 52,417 EUR Sell 59,000 USD UBS AG 12/12/2016 (3,228) (0.17)


Buy 4,836 EUR Sell 5,461 USD UBS AG 12/12/2016 (314) (0.02)


Buy 51,532 EUR Sell 54,754 USD UBS AG 28/02/2017 102 0.01

Buy 4 GBP Sell 4 EUR JP Morgan 07/12/2016 – –

Buy 11,037 GBP Sell 12,710 EUR Morgan Stanley 14/12/2016 317 0.02

Buy 106 GBP Sell 121 EUR State Street Bank 07/12/2016 5 –

Buy 77,747 GBP Sell 88,151 EUR State Street Bank 07/12/2016 3,625 0.20



























Buy 96 GBP Sell 113 EUR State Street Bank 07/12/2016 – –




Buy 10,166 GBP Sell 11,875 EUR State Street Bank 09/12/2016 124 0.01








Buy 14,690,445 JPY Sell 127,646 EUR CitiBank 02/12/2016 (6,489) (0.34)

Buy 10,097,006 JPY Sell 87,780 EUR CitiBank 09/12/2016 (4,508) (0.24)

Buy 14,158,000 JPY Sell 124,945 EUR JP Morgan 01/12/2016 (8,180) (0.44)

Buy 1,410 JPY Sell 12 EUR JP Morgan 02/12/2016 (1) –




Buy 14,158,000 JPY Sell 124,731 EUR Morgan Stanley 02/12/2016 (7,966) (0.42)

Buy 14,158,000 JPY Sell 124,789 EUR National Australia Bank 05/12/2016 (8,025) (0.42)



Buy 12,100 JPY Sell 105 EUR State Street Bank 02/12/2016 (6) –



















Buy 1,150 JPY Sell 10 EUR State Street Bank 02/12/2016 – –







Buy 820 JPY Sell 7 EUR State Street Bank 09/12/2016 – –


Buy 503,599 JPY Sell 4,319 EUR State Street Bank 09/12/2016 (166) (0.01)





Buy 133,216 NOK Sell 14,668 EUR State Street Bank 23/01/2017 58 –

Buy 7,724 NOK Sell 850 EUR State Street Bank 23/01/2017 4 –

Buy 82,780 SEK Sell 8,505 EUR Morgan Stanley 01/12/2016 (36) –

Buy 82,702 SEK Sell 8,469 EUR Morgan Stanley 04/01/2017 (5) –

Buy 867 SEK Sell 88 EUR State Street Bank 01/12/2016 1 –

Buy 107 SEK Sell 11 EUR State Street Bank 01/12/2016 – –

Buy 125,748 SEK Sell 12,732 EUR State Street Bank 12/12/2016 134 0.01

Buy 189 SEK Sell 19 EUR State Street Bank 12/12/2016 – –

Buy 3,889 SGD Sell 2,568 EUR State Street Bank 05/12/2016 (8) –

Buy 4,797 SGD Sell 3,166 EUR State Street Bank 21/12/2016 (12) –

Buy 8,854 USD Sell 8,117 EUR Bank of America 23/12/2016 228 0.01

Buy 81,412 USD Sell 76,598 EUR Barclays Bank 01/12/2016 217 0.01

Buy 16,000 USD Sell 14,901 EUR HSBC Bank USA 21/12/2016 180 0.01

Buy 62,537 USD Sell 58,862 EUR JP Morgan 08/12/2016 131 0.01

Buy 22,527 USD Sell 21,199 EUR JP Morgan 13/12/2016 46 –

Buy 41,734 USD Sell 37,803 EUR JP Morgan 18/01/2017 1,475 0.08

Buy 16,687 USD Sell 15,541 EUR Morgan Stanley 21/12/2016 188 0.01

Buy 8,854 USD Sell 8,117 EUR Morgan Stanley 23/12/2016 228 0.01

Buy 6,261 USD Sell 5,905 EUR State Street Bank 16/12/2016 (2) –

Buy 8,854 USD Sell 8,117 EUR State Street Bank 23/12/2016 228 0.01

Buy 50 USD Sell 45 EUR State Street Bank 06/01/2017 2 –

Buy 62,093 USD Sell 55,954 EUR State Street Bank 06/01/2017 2,517 0.13


Buy 1,001 USD Sell 906 EUR State Street Bank 06/01/2017 36 –


Buy 2,135 USD Sell 1,956 EUR State Street Bank 06/01/2017 54 –




Buy 37 USD Sell 35 EUR State Street Bank 06/01/2017 – –









Unrealised Appreciation of Forward Currency Contracts 15,032 0.79

Unrealised Depreciation of Forward Currency Contracts (148,907) (7.83)

Net Unrealised Depreciation of Forward Currency Contracts – (7.04)% (30 November 2015: (0.84)%) (133,875) (7.04)




Value (000's)

EUR


Cash and Cash Equivalents – 8.12% (30 November 2015: 1.24%) 154,368 8.12 Other Liabilities in Excess of Assets – (1.52)% (30 November 2015: 0.41%) (28,823) (1.52)


– Amounts designated as “–“ are less than €500.




OTC Financial derivative instruments 0.72

Current Assets 8.09

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD


Corporate Bonds

Australia - 2.23% 250

Australia & New Zealand Banking Group Ltd 1.250 10/01/2017 250 0.05

580 BHP Billiton Finance USA Ltd 1.625 24/02/2017 580 0.11

125 Commonwealth Bank of Australia 1.900 18/09/2017 126 0.02


2,100 Macquarie Group Ltd 3.000 3/12/2018 2,132 0.39 350

National Australia Bank Ltd 3.625 8/11/2017 450 0.08




12,038 2.23

Canada - 1.66%

300 Bank of Nova Scotia 2.740 1/12/2016 223 0.04

25 Bank of Nova Scotia 2.370 11/01/2018 19 – 90

Canadian Pacific Railway Co 6.250 1/06/2018 72 0.01

1,300 Goldcorp Inc 2.125 15/03/2018 1,300 0.24 190

Rogers Communications Inc 3.000 6/06/2017 143 0.03

175 Royal Bank of Canada 1.200 23/01/2017 175 0.03



1,775 Royal Bank of Canada 2.350 30/10/2020 1,772 0.33 250

Thomson Reuters Corp 1.300 23/02/2017 250 0.05

1,400 Thomson Reuters Corp 3.369 23/05/2019 1,082 0.20

80 TransCanada PipeLines Ltd 9.450 20/03/2018 65 0.01

8,939 1.66

Denmark - 0.56%

2,000 Danske Bank AS 2.750 17/09/2020 2,022 0.37

1,000 Danske Bank AS 2.800 10/03/2021 1,010 0.19

3,032 0.56

France - 3.13%

270 BNP Paribas SA 3.500 7/12/2016 338 0.06

300 BNP Paribas SA 2.375 14/09/2017 302 0.06

1,595 BNP Paribas SA 2.375 20/11/2019 2,072 0.38

1,900 BPCE SA 2.500 10/12/2018 1,919 0.36 2,000

Electricite de France SA 2.350 13/10/2020 1,991 0.37

3,000 Pernod Ricard SA 5.750 7/04/2021 3,349 0.62

150 Sanofi 1.250 10/04/2018 150 0.03

1,500 Societe Generale SA 2.625 1/10/2018 1,519 0.28

1,300 Societe Generale SA 2.500 8/04/2021 1,294 0.24 80

Total Capital International SA 2.125 10/01/2019 81 0.02

900 Total Capital SA 4.250 8/12/2017 1,167 0.22

2,000 Total Capital SA 3.875 14/12/2018 2,660 0.49 11

Veolia Environnement SA 4.375 16/01/2017 12 –

16,854 3.13

Germany - 2.59%

15 Daimler AG 2.000 5/05/2017 16 –

280 Daimler AG 1.750 8/11/2017 354 0.06

1,500 Daimler AG 2.750 4/12/2020 1,993 0.37

415 Deutsche Bank AG 6.000 1/09/2017 425 0.08

1,000 Deutsche Bank AG 2.500 13/02/2019 981 0.18

700 Deutsche Bank AG 2.950 20/08/2020 676 0.12

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD



Germany - 2.59% (continued) 200

Erste Abwicklungsanstalt 1.000 27/02/2017 200 0.04

300 FMS Wertmanagement AoeR 0.750 15/12/2017 377 0.07


200

Landeskreditbank Baden-Wuerttemberg Foerderbank 0.875 20/03/2017 200 0.04

500

Landeskreditbank Baden-Wuerttemberg Foerderbank 0.875 15/12/2017 629 0.12

2,000

Landeskreditbank Baden-Wuerttemberg Foerderbank 1.125 17/05/2021 2,521 0.47

300 Landwirtschaftliche Rentenbank 3.250 7/12/2016 375 0.07

80 Landwirtschaftliche Rentenbank 1.000 15/12/2017 101 0.02

13,962 2.59

Ireland - 1.45% 5,282

GE Capital UK Funding Unlimited Co 5.875 4/11/2020 7,811 1.45

7,811 1.45

Italy - 0.82%

1,678 Enel SpA 6.250 20/06/2019 2,357 0.44

500 Intesa Sanpaolo SpA 3.875 16/01/2018 508 0.10

1,500 Intesa Sanpaolo SpA 3.875 15/01/2019 1,529 0.28

4,394 0.82

Japan - 1.91% 1,025

Bank of Tokyo-Mitsubishi UFJ Ltd 2.350 8/09/2019 1,025 0.19

500 Mitsubishi UFJ Financial Group Inc 2.950 1/03/2021 503 0.09

2,600 Mizuho Bank Ltd 2.450 16/04/2019 2,611 0.49

1,000 Mizuho Bank Ltd 2.700 20/10/2020 999 0.19

1,928 Nomura Holdings Inc 6.700 4/03/2020 2,162 0.40 2,970

Sumitomo Mitsui Financial Group Inc 2.934 9/03/2021 2,982 0.55

10,282 1.91

Netherlands - 5.02%

1,950 ABN AMRO Bank NV 2.500 18/12/2018 2,527 0.47 5,685

Bank Nederlandse Gemeenten NV 1.125 24/05/2021 7,152 1.33

200 Cooperatieve Rabobank UA 3.250 1/11/2017 256 0.05


600 Daimler International Finance BV 3.500 6/06/2019 799 0.15

1,190

Deutsche Telekom International Finance BV 2.250 6/03/2017 1,193 0.22

500

Deutsche Telekom International Finance BV 6.750 20/08/2018 542 0.10

500

Deutsche Telekom International Finance BV 1.950 19/09/2021 482 0.09

2,000 E.ON International Finance BV 5.800 30/04/2018 2,106 0.39

2,000 ING Bank NV 2.750 22/03/2021 2,009 0.37 1,000

LyondellBasell Industries NV 5.000 15/04/2019 1,059 0.20

1,865 Mylan NV 3.750 15/12/2020 1,896 0.35 1,600

Shell International Finance BV 4.375 25/03/2020 1,722 0.32





Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




450 Volkswagen Financial Services NV 2.375 13/11/2018 575 0.11

1,000 Volkswagen Financial Services NV 2.625 22/07/2019 1,291 0.24

27,026 5.02

Singapore - 0.20% 1,500

Temasek Financial I Ltd 3.265 19/02/2020 1,096 0.20

1,096 0.20

Spain - 0.32% 400

Telefonica Emisiones SAU 6.221 3/07/2017 410 0.08

600 Telefonica Emisiones SAU 5.375 2/02/2018 788 0.15

500 Telefonica Emisiones SAU 3.192 27/04/2018 508 0.09

1,706 0.32

Supranational - 3.10% 200

African Development Bank 1.125 15/12/2016 250 0.05

80 African Development Bank 1.625 2/10/2018 80 0.02

150 Asian Development Bank 1.000 15/12/2016 188 0.03

75 Asian Development Bank 1.750 11/09/2018 76 0.01

185 Council Of Europe Development Bank 1.750 19/12/2016 232 0.04

200 EUROFIMA 5.000 3/04/2017 203 0.04 140

European Investment Bank 3.250 7/12/2016 175 0.03

170 European Investment Bank 4.125 7/12/2017 221 0.04




180 Inter-American Development Bank 1.125 15/03/2017 180 0.03

80

International Bank for Reconstruction & Development 1.250 2/10/2017 101 0.02

16,682 3.10

Sweden - 2.00% 55

Svensk Exportkredit AB 1.125 15/12/2016 69 0.01



10,760 2.00

Switzerland - 0.68%

2,600 Credit Suisse AG 2.300 28/05/2019 2,606 0.48

800 UBS AG 6.625 11/04/2018 1,080 0.20

3,686 0.68


2,000 Aon PLC 2.800 15/03/2021 2,007 0.37

1,374 AstraZeneca PLC 2.375 16/11/2020 1,369 0.25

4,000 Barclays PLC 3.250 12/01/2021 3,984 0.74 60

BP Capital Markets PLC 1.846 5/05/2017 60 0.01

68 BP Capital Markets PLC 1.375 6/11/2017 68 0.01

1,300 BP Capital Markets PLC 4.325 10/12/2018 1,742 0.32

100

British Telecommunications PLC 1.250 14/02/2017 100 0.02

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




950

British Telecommunications PLC 6.625 23/06/2017 1,227 0.23

255 Diageo Capital PLC 1.500 11/05/2017 256 0.05

1,500 FCE Bank PLC 2.759 13/11/2019 1,945 0.36 200

GlaxoSmithKline Capital PLC 1.500 8/05/2017 200 0.04

200 Lloyds Bank PLC 1.500 2/05/2017 252 0.05 1,200 Lloyds Bank PLC 2.700 17/08/2020 1,211 0.23

190 National Grid Gas PLC 6.000 7/06/2017 244 0.05

25 National Grid PLC 5.000 2/07/2018 29 0.01 1,500

Nationwide Building Society 2.350 21/01/2020 1,497 0.28

150

Network Rail Infrastructure Finance PLC 1.125 15/12/2016 188 0.03

250

Network Rail Infrastructure Finance PLC 1.000 7/12/2017 315 0.06

6,075


1,100 Santander UK PLC 4.125 14/09/2017 1,411 0.26

2,000 Santander UK PLC 2.500 14/03/2019 2,011 0.37

2,500 Sky PLC 2.875 24/11/2020 3,316 0.62

350 Unilever PLC 2.000 19/12/2018 451 0.08

150 Vodafone Group PLC 8.125 26/11/2018 214 0.04

1,001 Vodafone Group PLC 5.450 10/06/2019 1,083 0.20

33,863 6.29


1,100 Abbott Laboratories 5.125 1/04/2019 1,178 0.22

3,000 AbbVie Inc 2.500 14/05/2020 2,994 0.56

2,080 Actavis Inc 1.875 1/10/2017 2,084 0.39

200 Aetna Inc 1.500 15/11/2017 200 0.04

380 Aflac Inc 2.650 15/02/2017 381 0.07

1,569 Aflac Inc 2.400 16/03/2020 1,578 0.29 4

Agilent Technologies Inc 6.500 1/11/2017 4 –

600 Agilent Technologies Inc 5.000 15/07/2020 650 0.12

600 Ahold Finance USA LLC 6.500 14/03/2017 762 0.14

1,825 Airgas Inc 2.375 15/02/2020 1,832 0.34

2,000 Altria Group Inc 4.750 5/05/2021 2,181 0.40

1,700 Amazon.com Inc 2.600 5/12/2019 1,735 0.32

100 American Express Co 7.000 19/03/2018 107 0.02 700

American Express Credit Corp 2.250 15/08/2019 704 0.13

2,000 American Express Credit Corp 2.250 5/05/2021 1,979 0.37

300 American Honda Finance Corp 2.125 28/02/2017 301 0.06

80 American Honda Finance Corp 2.125 10/10/2018 81 0.01

500 American International Group Inc 2.300 16/07/2019 503 0.09

2,810 American International Group Inc 3.375 15/08/2020 2,897 0.54

2,200 Ameriprise Financial Inc 5.300 15/03/2020 2,394 0.44

2,000 AmerisourceBergen Corp 4.875 15/11/2019 2,153 0.40

2,376 Amgen Inc 2.200 22/05/2019 2,391 0.44

1,000 Amphenol Corp 2.550 30/01/2019 1,012 0.19 150

Anheuser-Busch InBev Worldwide Inc 1.375 15/07/2017 150 0.03

1,800 Anheuser-Busch InBev Worldwide Inc 5.375 15/01/2020 1,966 0.36

90 Anthem Inc 5.875 15/06/2017 92 0.02

1,182 Anthem Inc 1.875 15/01/2018 1,184 0.22




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




1,000 Anthem Inc 2.250 15/08/2019 999 0.19

3,000 Apple Inc 2.250 23/02/2021 3,002 0.56

2,000 Applied Materials Inc 2.625 1/10/2020 2,021 0.37

1,000 Associated Banc-Corp 2.750 15/11/2019 1,004 0.19

385 AT&T Inc 1.600 15/02/2017 385 0.07

950 AT&T Inc 2.400 15/03/2017 953 0.18

400 AT&T Inc 5.875 28/04/2017 511 0.09

30 AT&T Inc 1.400 1/12/2017 30 0.01

1,000 Autodesk Inc 1.950 15/12/2017 1,003 0.19

750 AutoZone Inc 1.300 13/01/2017 750 0.14

1,773 Baker Hughes Inc 3.200 15/08/2021 1,812 0.34

25 Bank of America Corp 6.000 1/09/2017 26 –

650 Bank of America Corp 7.750 30/04/2018 890 0.17

1,300 Bank of America Corp 5.500 4/12/2019 1,827 0.34

1,000 Bank of America Corp 2.625 19/10/2020 1,000 0.19 2,900

Bank of New York Mellon Corp 2.200 15/05/2019 2,921 0.54

3,000 Baxter International Inc 1.700 15/08/2021 2,897 0.54

25 BB&T Corp 1.450 12/01/2018 25 –

2,500 BB&T Corp 2.450 15/01/2020 2,516 0.47

60 Beam Suntory Inc 1.875 15/05/2017 60 0.01 800

Berkshire Hathaway Finance Corp 2.900 15/10/2020 822 0.15

150 Berkshire Hathaway Inc 1.900 31/01/2017 150 0.03

1,500 Biogen Inc 2.900 15/09/2020 1,521 0.28

5,000 BMW US Capital LLC 2.000 11/04/2021 4,898 0.91

1,000 Boston Scientific Corp 6.000 15/01/2020 1,102 0.20 305

Branch Banking & Trust Co 1.000 3/04/2017 305 0.06

1,020 Buckeye Partners LP 2.650 15/11/2018 1,027 0.19 1,050

Burlington Northern Santa Fe LLC 4.700 1/10/2019 1,131 0.21

200 Campbell Soup Co 3.050 15/07/2017 202 0.04

800 Capital One Bank USA 2.300 5/06/2019 803 0.15

600 Cardinal Health Inc 1.700 15/03/2018 600 0.11 1,000

Caterpillar Financial Services Corp 2.000 5/03/2020 995 0.18

210 CBS Corp 1.950 1/07/2017 210 0.04

2,250 CBS Corp 2.300 15/08/2019 2,259 0.42

1,640 CF Industries Inc 6.875 1/05/2018 1,730 0.32

1,020 Chubb Corp 5.750 15/05/2018 1,080 0.20 1,500

Chubb INA Holdings Inc 2.300 3/11/2020 1,498 0.28

60 Cisco Systems Inc 3.150 14/03/2017 60 0.01


50 Citigroup Inc 6.250 29/06/2017 36 0.01

2,000 Citigroup Inc 2.400 18/02/2020 1,996 0.37

3,000 Citizens Bank NA 2.450 4/12/2019 3,017 0.56

1,000 CNA Financial Corp 7.350 15/11/2019 1,140 0.21

3,560 Coca-Cola Co 1.875 27/10/2020 3,532 0.66 1,200

Coca-Cola European Partners US LLC 3.500 15/09/2020 1,240 0.23

130 Comcast Corp 6.300 15/11/2017 136 0.03

550 Comerica Inc 2.125 23/05/2019 551 0.10 2,000

Consolidated Edison Inc 2.000 15/05/2021 1,961 0.36

1,400 Constellation Energy Group Inc 5.150 1/12/2020 1,519 0.28

1,000 Corning Inc 4.250 15/08/2020 1,053 0.20 1,000

Costco Wholesale Corp 1.700 15/12/2019 1,001 0.19

1,852 Coventry Health Care Inc 5.950 15/03/2017 1,877 0.35

650 CVS Health Corp 2.250 5/12/2018 655 0.12

1,000 CVS Health Corp 2.250 12/08/2019 1,004 0.19

1,700 CVS Health Corp 2.800 20/07/2020 1,722 0.32

1,200 CVS Health Corp 4.125 15/05/2021 1,272 0.24

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




300 Dollar General Corp 1.875 15/04/2018 300 0.06 2,000

Dominion Gas Holdings LLC 2.800 15/11/2020 2,022 0.38

1,000 Dover Corp 4.300 1/03/2021 1,066 0.20

250 Duke Energy Corp 1.625 15/08/2017 250 0.05

1,200 Duke Energy Corp 2.100 15/06/2018 1,207 0.22

83 Eastman Chemical Co 2.400 1/06/2017 84 0.02

169 eBay Inc 1.350 15/07/2017 169 0.03

850 eBay Inc 2.200 1/08/2019 849 0.16 2,396

Edwards Lifesciences Corp 2.875 15/10/2018 2,438 0.45

2,000 Electronic Arts Inc 3.700 1/03/2021 2,075 0.38

540 EMC Corp 1.875 1/06/2018 532 0.10 420

Enterprise Products Operating LLC 6.300 15/09/2017 434 0.08

1,800 Enterprise Products Operating LLC 5.200 1/09/2020 1,970 0.37

750 EOG Resources Inc 5.625 1/06/2019 811 0.15 100

Exelon Generation Co LLC 6.200 1/10/2017 104 0.02

1,000 Exelon Generation Co LLC 5.200 1/10/2019 1,075 0.20

1,000 Express Scripts Holding Co 2.250 15/06/2019 1,002 0.19

1,000 Express Scripts Holding Co 3.300 25/02/2021 1,023 0.19

1,323 FedEx Corp 2.300 1/02/2020 1,324 0.25

1,700 Fifth Third Bank 2.375 25/04/2019 1,715 0.32

3,000 Fiserv Inc 2.700 1/06/2020 3,013 0.56

140 FMC Technologies Inc 2.000 1/10/2017 140 0.03 150

Ford Motor Credit Co LLC 1.500 17/01/2017 150 0.03

700 Ford Motor Credit Co LLC 2.375 12/03/2019 699 0.13

705 Ford Motor Credit Co LLC 3.200 15/01/2021 704 0.13

3,000 Fortune Brands Home & Security Inc 3.000 15/06/2020 3,032 0.56

175 GATX Corp 1.250 4/03/2017 175 0.03

1,000 GATX Corp 2.500 15/03/2019 1,002 0.19

175 General Electric Co 5.625 15/09/2017 181 0.03

1,500 Gilead Sciences 4.500 1/04/2021 1,620 0.30

750 Gilead Sciences Inc 2.050 1/04/2019 753 0.14 350

GlaxoSmithKline Capital Inc 5.650 15/05/2018 370 0.07

10 Goldman Sachs Group Inc 6.375 2/05/2018 12 –

1,300 Goldman Sachs Group Inc 7.500 15/02/2019 1,448 0.27

401 Goldman Sachs Group Inc 6.000 15/06/2020 447 0.08

1,000 Goldman Sachs Group Inc 2.625 25/04/2021 995 0.18

1,120 Harley-Davidson Financial Services Inc 2.150 26/02/2020 1,111 0.21

700 Harley-Davidson Financial Services Inc 2.850 15/01/2021 709 0.13

2,704 Hewlett Packard Enterprise Co 3.850 15/10/2020 2,783 0.52

900 Home Depot Inc 2.000 15/06/2019 909 0.17

300 HSBC USA Inc 1.625 16/01/2018 300 0.06

2,000 HSBC USA Inc 2.375 13/11/2019 2,004 0.37

1,300 Humana Inc 2.625 1/10/2019 1,310 0.24 2,500

Indiana Michigan Power Co 7.000 15/03/2019 2,764 0.51

3,000 Intel Corp 2.450 29/07/2020 3,039 0.56 1,000

Intercontinental Exchange Inc 2.500 15/10/2018 1,015 0.19

1,000 Intercontinental Exchange Inc 2.750 1/12/2020 1,011 0.19

200 International Business Machines Corp 1.625 15/05/2020 197 0.04




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




International Business Machines Corp 2.750 21/12/2020 4,093 0.76

450 Jefferies Group LLC 5.125 13/04/2018 465 0.09 1,925

John Deere Capital Corp 2.550 8/01/2021 1,937 0.36

200 JPMorgan Chase & Co 6.000 15/01/2018 209 0.04

25 JPMorgan Chase & Co 4.250 2/11/2018 18 –

2,000 JPMorgan Chase & Co 2.750 23/06/2020 2,018 0.37

335 Kellogg Co 1.750 17/05/2017 336 0.06

1,500 Kellogg Co 3.250 21/05/2018 1,533 0.28

3,000 KeyBank NA 2.500 15/12/2019 3,035 0.56

800 Kimberly-Clark Corp 1.900 22/05/2019 805 0.15

800 Kraft Heinz Foods Co 2.250 5/06/2017 803 0.15

130 Kroger Co 6.400 15/08/2017 135 0.02

1,500 Kroger Co 2.300 15/01/2019 1,512 0.28 450

Laboratory Corp of America Holdings 2.200 23/08/2017 452 0.08

2,000 Laboratory Corp of America Holdings 2.625 1/02/2020 2,002 0.37

2,200 Lam Research Corp 2.750 15/03/2020 2,208 0.41

2,000 Legg Mason Inc 2.700 15/07/2019 2,015 0.37

1,602 Lincoln National Corp 8.750 1/07/2019 1,852 0.34

60 Lowe's Cos Inc 1.625 15/04/2017 60 0.01

700 Manufacturers & Traders Trust Co 2.300 30/01/2019 705 0.13

1,700 Manufacturers & Traders Trust Co 2.100 6/02/2020 1,690 0.31

800 Marriott International Inc 3.000 1/03/2019 815 0.15

2,200 Marsh & McLennan Cos Inc 2.350 6/03/2020 2,203 0.41

1,000 MasterCard Inc 2.000 1/04/2019 1,008 0.19

1,630 Mattel Inc 2.350 6/05/2019 1,635 0.30 1,400

Maxim Integrated Products Inc 2.500 15/11/2018 1,410 0.26

3,000 McDonald's Corp 3.625 20/05/2021 3,128 0.58

350 McKesson Corp 1.292 10/03/2017 350 0.06

50 McKesson Corp 1.400 15/03/2018 50 0.01 1,300

Mead Johnson Nutrition Co 3.000 15/11/2020 1,316 0.24

2,000 Medtronic Inc 4.125 15/03/2021 2,132 0.40

1,100 MetLife Inc 7.717 15/02/2019 1,237 0.23

1,500 MetLife Inc 5.250 29/06/2020 2,139 0.40

2,000 Microsoft Corp 3.000 1/10/2020 2,067 0.38 1,500

Mondelez International Inc 2.250 1/02/2019 1,500 0.28

85 Morgan Stanley 4.750 22/03/2017 86 0.02

302 Morgan Stanley 7.600 8/08/2017 220 0.04

15 Morgan Stanley 2.250 12/03/2018 16 –

1,400 Morgan Stanley 7.300 13/05/2019 1,565 0.29

1,500 Morgan Stanley 2.500 21/04/2021 1,484 0.28

1,400 MUFG Union Bank NA 2.625 26/09/2018 1,417 0.26 3,000

NBCUniversal Media LLC 4.375 1/04/2021 3,237 0.60

2,100 NextEra Energy Capital Holdings Inc 2.400 15/09/2019 2,117 0.39

836 NiSource Finance Corp 6.400 15/03/2018 883 0.16

2,000 Nissan Motor Acceptance Corp 2.550 8/03/2021 1,992 0.37

2,000 Nordstrom Inc 4.750 1/05/2020 2,135 0.40 600

Northrop Grumman Corp 1.750 1/06/2018 602 0.11

2,000 Nucor Corp 5.750 1/12/2017 2,078 0.39 2,189

Occidental Petroleum Corp 4.100 1/02/2021 2,326 0.43

140 ONEOK Partners LP 2.000 1/10/2017 140 0.03 1,100

PACCAR Financial Corp 1.600 15/03/2017 1,102 0.20

1,000 Pacific Gas & Electric 8.250 15/10/2018 1,116 0.21

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD


Corporate Bonds (continued) Co


Penske Truck Leasing Co LP 2.875 17/07/2018 2,781 0.52

1,200 PepsiCo Inc 2.250 7/01/2019 1,216 0.23

350 Philip Morris International Inc 5.650 16/05/2018 370 0.07

1,500 Philip Morris International Inc 1.875 15/01/2019 1,504 0.28

400 Phillips 66 2.950 1/05/2017 403 0.07

266 Pitney Bowes Inc 5.750 15/09/2017 274 0.05

1,200 PNC Bank NA 2.400 18/10/2019 1,214 0.23

650 Progressive Corp 3.750 23/08/2021 689 0.13 87

Prudential Financial Inc 6.000 1/12/2017 91 0.02

1,000 Prudential Financial Inc 2.350 15/08/2019 1,011 0.19

3,000 QUALCOMM Inc 2.250 20/05/2020 3,005 0.56

1,000 Republic Services Inc 3.800 15/05/2018 1,029 0.19

675 Rohm & Haas Co 6.000 15/09/2017 699 0.13 1,000

Scripps Networks Interactive Inc 2.750 15/11/2019 1,013 0.19

2,200 Sempra Energy 2.850 15/11/2020 2,220 0.41

1,108 Southern Co 2.450 1/09/2018 1,120 0.21

800 Southern Power Co 2.375 1/06/2020 797 0.15

2,865 Southwest Airlines Co 2.650 5/11/2020 2,874 0.53

800 State Street Corp 2.550 18/08/2020 808 0.15

1,986 State Street Corp 1.950 19/05/2021 1,947 0.36

600 Stryker Corp 1.300 1/04/2018 598 0.11

2,365 Stryker Corp 2.000 8/03/2019 2,369 0.44 1,200

Sunoco Logistics Partners Operations LP 4.400 1/04/2021 1,268 0.24

840 SunTrust Banks Inc 3.500 20/01/2017 841 0.16

2,300 SunTrust Banks Inc 2.900 3/03/2021 2,332 0.43

490 Symantec Corp 2.750 15/06/2017 492 0.09

3,500 Sysco Corp 2.600 1/10/2020 3,518 0.65

700 Target Corp 2.300 26/06/2019 710 0.13 1,300

TD Ameritrade Holding Corp 5.600 1/12/2019 1,434 0.27

130 Tech Data Corp 3.750 21/09/2017 132 0.02 80

Thermo Fisher Scientific Inc 1.850 15/01/2018 80 0.01

1,000

TIAA Asset Management Finance Co LLC 2.950 1/11/2019 1,019 0.19

600 Time Warner Inc 4.700 15/01/2021 644 0.12

975 TJX Cos Inc 2.750 15/06/2021 998 0.19 350

Toyota Motor Credit Corp 4.000 7/12/2017 453 0.08

1,000 Travelers Cos Inc 3.900 1/11/2020 1,062 0.20

900 Tyson Foods Inc 2.650 15/08/2019 909 0.17

1,500 Union Pacific 4.000 1/02/2021 1,592 0.30

700 Union Pacific Corp 2.250 15/02/2019 707 0.13 200

United Technologies Corp 1.800 1/06/2017 201 0.04

2,200 United Technologies Corp 4.500 15/04/2020 2,368 0.44

350 UnitedHealth Group Inc 6.000 15/06/2017 359 0.07

1,800 UnitedHealth Group Inc 2.300 15/12/2019 1,818 0.34

2,525 Viacom Inc 2.750 15/12/2019 2,544 0.47

2,665 Visa Inc 2.200 14/12/2020 2,665 0.49

20 Wachovia Corp 5.750 15/06/2017 20 –

300 Wachovia Corp 5.750 1/02/2018 314 0.06

175 Wal-Mart Stores Inc 5.375 5/04/2017 178 0.03

18 Walgreen Co 5.250 15/01/2019 19 – 1,700

Walgreens Boots Alliance Inc 2.700 18/11/2019 1,724 0.32




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD




Walgreens Boots Alliance Inc 2.600 1/06/2021 1,991 0.37

80 Walt Disney Co 1.125 15/02/2017 80 0.01

3,000 Walt Disney Co 2.150 17/09/2020 3,008 0.56 3,000

Waste Management Inc 4.600 1/03/2021 3,249 0.60

120 Wells Fargo & Co 2.625 15/12/2016 120 0.02

1,100 Wells Fargo & Co 2.125 22/04/2019 1,104 0.20

2,000 Wells Fargo & Co 2.550 7/12/2020 2,004 0.37

500 Western Union Co 3.650 22/08/2018 513 0.10

400 Whirlpool Corp 1.350 1/03/2017 400 0.07 151

Wyndham Worldwide Corp 2.500 1/03/2018 152 0.03

2,100 Xcel Energy Inc 2.400 15/03/2021 2,094 0.39

550 Xerox Corp 2.750 15/03/2019 551 0.10

2,000 Xerox Corp 5.625 15/12/2019 2,150 0.40

750 Xilinx Inc 2.125 15/03/2019 752 0.14

305,547 56.72

Total Corporate Bonds – 88.68% (30 November 2015: 89.87%) 477,678 88.68

Government Bonds

Canada - 0.50% 150

Export Development Canada 0.875 7/12/2016 188 0.04

2,000 Province of Alberta Canada 1.750 26/08/2020 1,989 0.37

220 Province of British Columbia Canada 1.200 25/04/2017 220 0.04

250 Province of Manitoba Canada 1.300 3/04/2017 250 0.05

30 Province of Manitoba Canada 4.250 5/03/2018 23 –

25 Province of New Brunswick Canada 4.450 26/03/2018 19 –

2,689 0.50

Denmark - 0.02%

87 Kommunekredit 1.125 15/03/2018 87 0.02

87 0.02

Finland - 0.10% 445

Municipality Finance PLC 1.125 7/12/2017 561 0.10

561 0.10

France - 0.74% 4,000

Agence Francaise de Developpement 1.625 21/01/2020 3,968 0.74

3,968 0.74

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) USD


Government Bonds (continued)

Italy - 0.09% 450

Italy Government International Bond 5.375 12/06/2017 461 0.09

461 0.09

Japan - 0.60% 2,000

Japan Bank for International Cooperation 1.750 28/05/2020 1,974 0.37

900

Japan Finance Organization for Municipalities 5.750 9/08/2019 1,271 0.23

3,245 0.60

Norway - 0.03%

150 Kommunalbanken AS 1.125 15/12/2016 188 0.03

188 0.03

Singapore - 2.78% 1,000

Singapore Government Bond 1.625 1/10/2019 704 0.13



14,965 2.78

Spain - 0.28% 1,000

Instituto de Credito Oficial 5.000 10/04/2017 1,014 0.19

500 Spain Government International Bond 4.000 6/03/2018 513 0.09

1,527 0.28

Sweden - 3.22% 240

Kommuninvest I Sverige AB 1.625 13/02/2017 240 0.05

180 Kommuninvest I Sverige AB 1.000 24/10/2017 180 0.03


47,000 Sweden Government Bond 5.000 1/12/2020 6,214 1.15

17,371 3.22

United States - 2.07% 7,000

United States Treasury Note 1.750 30/09/2019 7,076 1.32

4,000 United States Treasury Note 2.000 31/07/2020 4,053 0.75

11,129 2.07

Total Government Bonds – 10.43% (30 November 2015: 8.57%) 56,191 10.43





of Contracts (000's) USD


Buy 1,550 CHF Sell 1,600 USD State Street Bank 14/12/2016 (74) (0.01)

Buy 8,200 CHF Sell 8,452 USD State Street Bank 14/12/2016 (381) (0.08)

Buy 300 CHF Sell 305 USD State Street Bank 14/12/2016 (10) –

Buy 245 CHF Sell 248 USD State Street Bank 14/12/2016 (7) –



Buy 72,566 EUR Sell 80,222 USD State Street Bank 09/12/2016 (3,295) (0.62)




























































Buy 77,000 GBP Sell 98,071 USD Barclays Bank 07/12/2016 (1,723) (0.33)

Buy 76,523 GBP Sell 97,494 USD Barclays Bank 07/12/2016 (1,742) (0.33)

Buy 92,090 GBP Sell 114,011 USD CitiBank 16/12/2016 1,253 0.24

Buy 291 GBP Sell 370 USD State Street Bank 07/12/2016 (6) –



Buy 615 GBP Sell 766 USD State Street Bank 07/12/2016 4 –



Buy 916 GBP Sell 1,119 USD State Street Bank 07/12/2016 27 0.01
























Buy 20 GBP Sell 25 USD State Street Bank 07/12/2016 – –

















Buy 1,114 GBP Sell 1,398 USD State Street Bank 16/12/2016 (4) –










Buy 859 GBP Sell 1,070 USD State Street Bank 16/12/2016 5 –



Buy 2,024 GBP Sell 2,474 USD State Street Bank 21/12/2016 61 0.01

Buy 22,571 JPY Sell 218 USD State Street Bank 02/12/2016 (21) –

Buy 35,000 JPY Sell 344 USD State Street Bank 02/12/2016 (38) (0.01)

Buy 840,078 JPY Sell 8,158 USD State Street Bank 02/12/2016 (815) (0.16)






































Buy 86,349 SEK Sell 9,487 USD State Street Bank 13/12/2016 (119) (0.03)

Buy 90 SEK Sell 10 USD State Street Bank 13/12/2016 – –

Buy 103 USD Sell 103 CHF State Street Bank 14/12/2016 2 –












Buy 10,939 USD Sell 8,734 GBP Bank of America 21/12/2016 5 –

Buy 104,804 USD Sell 80,736 GBP CitiBank 21/12/2016 3,729 0.70

Buy 688 USD Sell 550 GBP State Street Bank 07/12/2016 – –



Buy 88 USD Sell 9,000 JPY State Street Bank 02/12/2016 10 –

Buy 296 USD Sell 30,000 JPY State Street Bank 02/12/2016 34 0.01



Buy 346 USD Sell 36,000 JPY State Street Bank 02/12/2016 32 0.01






Buy 274 USD Sell 389 NZD State Street Bank 16/02/2017 (1) –

Buy 18023 USD Sell 157,288 SEK State Street Bank 11/01/2017 925 0.18

Buy 7343 USD Sell 10,400 SGD State Street Bank 20/12/2016 87 0.03

Buy 8990 USD Sell 12,729 SGD State Street Bank 16/02/2017 109 0.03




Value (000's)

USD


Cash and Cash Equivalents – 2.77% (30 November 2015: 1.15%) 14,931 2.77 Other Liabilities in Excess of Assets – (0.31)% (30 November 2015: 0.74%) (1,682) (0.31)

Total Net Assets 538,675 100.00 – Amounts designated as “–“ are less than $500.




Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 0.98


Current Assets 4.46

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Australia - 2.58%

7 Acrux Ltd 2 –



54 ALS Ltd 241 0.06

13 Altium Ltd 83 0.02


8 AP Eagers Ltd 52 0.01

38 APN News & Media Ltd 73 0.02

8 ARB Corp Ltd 99 0.03



41 Asaleo Care Ltd 46 0.01

36 ASG Group Ltd 43 0.01

6 AUB Group Ltd 44 0.01


31 Austal Ltd 43 0.01

39 Australian Agricultural Co Ltd 47 0.01

38 Australian Pharmaceutical Industries Ltd 53 0.01

13 Australian Property Systems Ltd 50 0.01

22 Automotive Holdings Group Ltd 58 0.01

42 Aveo Group 95 0.03

55 AWE Ltd 25 0.01


27 Bapcor Ltd 98 0.02


212 Beadell Resources Ltd 51 0.01

13 Bega Cheese Ltd 49 0.01

5 Bellamy's Australia Ltd 48 0.01



4 Blue Sky Alternative Investments Ltd 22 –

15 Bradken Ltd 36 0.01

8 Breville Group Ltd 53 0.01

7 Brickworks Ltd 61 0.01


15 Cabcharge Australia Ltd 40 0.01

59 Capitol Health Ltd 5 –

17 Cardno Ltd 12 –

30 Carnarvon Petroleum Ltd 2 –



7 Cedar Woods Properties Ltd 26 0.01

3 Charter Hall Office – –



5 Corporate Travel Management Ltd 71 0.01

17 Cover-More Group Ltd 17 –

4 Credit Corp Group Ltd 58 0.01

14 CSG Ltd 7 –

53 CSR Ltd 159 0.03

9 CuDeco Ltd 3 –


67 Doray Minerals Ltd 25 0.01




12 Elders Ltd 34 0.01





10 Estia Health Ltd 21 –

Shares (000's)

Value (000's)

USD








27 FlexiGroup Ltd 45 0.01

5 Flight Centre Travel Group Ltd 130 0.03

30 G8 Education Ltd 70 0.01

6 GBST Holdings Ltd 18 –

16 Genworth Mortgage Insurance Australia Ltd 36 0.01


10 Greencross Ltd 50 0.01

9 GUD Holdings Ltd 68 0.01

18 GWA Group Ltd 37 0.01

15 Hansen Technologies Ltd 48 0.01


20 Hills Ltd 6 –

122 Horizon Oil Ltd 4 –


16 Imdex Ltd 7 –



88 Infigen Energy 59 0.01




13 IRESS Ltd 115 0.02




12 JB Hi-Fi Ltd 242 0.05

23 Karoon Gas Australia Ltd 31 0.01

9 Kingsgate Consolidated Ltd 2 –


6 MACA Ltd 6 –

33 Macquarie Atlas Roads Group 116 0.02


32 Mantra Group Ltd 73 0.02

135 Mayne Pharma Group Ltd 159 0.03

7 McMillan Shakespeare Ltd 52 0.01



61 Metals X Ltd 28 0.01


14 Michael Hill International Ltd 16 –



12 Monadelphous Group Ltd 95 0.03

19 Monash IVF Group Ltd 28 0.01

5 Mortgage Choice Ltd 8 –



19 MYOB Group Ltd 50 0.01


59 National Storage REIT 66 0.01

25 Navitas Ltd 94 0.02


24 NEXTDC Ltd 56 0.01


45 Nine Entertainment Co Holdings Ltd 31 0.01


18 Nufarm Ltd 115 0.02





Shares (000's)

Value (000's)

USD




15 oOh!media Ltd 45 0.01

3 Orocobre Ltd 9 –

115 Orora Ltd 234 0.06


13 Pact Group Holdings Ltd 61 0.01


8 Panoramic Resources Ltd 2 –

28 Peet Ltd 20 –



17 Platinum Asset Management Ltd 70 0.01

15 PMP Ltd 9 –

9 Premier Investments Ltd 90 0.02



25 Programmed Maintenance Services Ltd 29 0.01


41 RCG Corp Ltd 42 0.01


15 Reckon Ltd 17 –

2 Reece Ltd 72 0.01

13 Regis Healthcare Ltd 39 0.01




17 Retail Food Group Ltd 78 0.02

49 Ridley Corp Ltd 45 0.01

20 SAI Global Ltd 71 0.01

14 Sandfire Resources NL 59 0.01

78 Saracen Mineral Holdings Ltd 54 0.01

7 Select Harvests Ltd 33 0.01


7 Servcorp Ltd 41 0.01

11 Seven Group Holdings Ltd 68 0.01

111 Seven West Media Ltd 56 0.01

7 SG Fleet Group Ltd 16 –

11 Shine Corporate Ltd 9 –


2 Silex Systems Ltd 1 –


6 Sirtex Medical Ltd 113 0.02



54 Southern Cross Media Group Ltd 54 0.01


94 Spotless Group Holdings Ltd 64 0.01




14 Super Retail Group Ltd 101 0.02

18 Syrah Resources Ltd 37 0.01


16 Tassal Group Ltd 44 0.01

28 Technology One Ltd 120 0.02


33 TFS Corp Ltd 38 0.01


19 Tox Free Solutions Ltd 34 0.01

25 UGL Ltd 58 0.01

9 Village Roadshow Ltd 30 0.01


7 Virtus Health Ltd 28 0.01


Shares (000's)

Value (000's)

USD




10 Webjet Ltd 71 0.01

25 Western Areas Ltd 54 0.01

30 Westgold Resources Ltd 31 0.01




12,471 2.58

Austria - 0.58%

– Agrana Beteiligungs AG 13 –


18 Atrium European Real Estate Ltd 72 0.01


8 Buwog AG 190 0.04



– DO & CO AG 29 0.01

4 EVN AG 50 0.01

2 Flughafen Wien AG 42 0.01


1 Kapsch TrafficCom AG 32 0.01



1 Oberbank AG 33 0.01

3 Oesterreichische Post AG 112 0.02

1 Palfinger AG 30 0.01

1 Porr Ag 29 0.01


3 RHI AG 83 0.02


4 S IMMO AG 45 0.01

1 Schoeller-Bleckmann Oilfield Equipment AG 85 0.02

1 Semperit AG Holding 27 0.01


8 Telekom Austria AG 45 0.01







2 Zumtobel Group AG 38 0.01

2,793 0.58

Belgium - 0.66%

4 Ablynx NV 45 0.01



– Atenor 19 –


1 Barco NV 89 0.02


8 bpost SA 185 0.05

1 Celyad SA 10 –




10 Deceuninck NV 27 0.01




2 EVS Broadcast Equipment SA 65 0.01

3 Exmar NV 20 –

4 Fagron 34 0.01




Shares (000's)

Value (000's)

USD





2 Gimv NV 122 0.03

2 Ion Beam Applications 87 0.02

2 Kinepolis Group NV 71 0.01

– Lotus Bakeries 71 0.01

2 MDxHealth 10 –

2 Melexis NV 112 0.02




– Picanol 34 0.01


– Resilux 20 –


– Sipef SA 23 –





1 Van de Velde NV 51 0.01

3 Viohalco SA 4 –

3,176 0.66

Canada - 3.60%

3 5N Plus Inc 4 –

7 Absolute Software Corp 33 0.01


7 Aecon Group Inc 76 0.02

28 Africa Oil Corp 39 0.01

1 Ag Growth International Inc 50 0.01

7 AGF Management Ltd 28 0.01

2 AGT Food & Ingredients Inc 52 0.01

13 Aimia Inc 81 0.02

5 Air Canada 45 0.01


20 Alacer Gold Corp 37 0.01


3 Alaris Royalty Corp 52 0.01



5 Altius Minerals Corp 45 0.01

3 Altus Group Ltd 69 0.01

6 Amaya Inc 86 0.02

5 Andrew Peller Ltd 45 0.01


14 Asanko Gold Inc 48 0.01

27 Athabasca Oil Corp 27 0.01

8 ATS Automation Tooling Systems Inc 66 0.01



3 Avigilon Corp 34 0.01

85 B2Gold Corp 207 0.05

3 Badger Daylighting Ltd 74 0.02

6 Banro Corp 1 –



20 Birchcliff Energy Ltd 132 0.03

4 Bird Construction Inc 29 0.01


35 BlackPearl Resources Inc 47 0.01


5 Bonterra Energy Corp 102 0.02

6 Boralex Inc 73 0.02

3 BRP Inc 46 0.01

Shares (000's)

Value (000's)

USD





11 Canaccord Genuity Group Inc 32 0.01

17 Canacol Energy Ltd 56 0.01

19 Canadian Energy Services & Technology Corp 99 0.02


5 Canam Group Inc 39 0.01


6 Canfor Corp 69 0.01

5 Canfor Pulp Products Inc 34 0.01



33 Capstone Mining Corp 26 0.01

9 Cascades Inc 79 0.02






36 China Gold International Resources Corp Ltd 73 0.02

6 Chinook Energy Inc 2 –


2 Clearwater Seafoods Inc 16 –

1 Cogeco Communications Inc 29 0.01

1 Cogeco Inc 32 0.01

3 Colliers International Group Inc 113 0.02

11 Computer Modelling Group Ltd 69 0.01




1 Corby Spirit and Wine Ltd 19 –


14 Cott Corp 159 0.03





7 Descartes Systems Group Inc 145 0.03

1 DH Corp 11 –


1 DirectCash Payments Inc 7 –

5 DIRTT Environmental Solutions 24 –

7 Dominion Diamond Corp 70 0.01



– E-L Financial Corp Ltd 9 –







– Energy Fuels Inc – –

2 Enghouse Systems Ltd 75 0.02

13 Ensign Energy Services Inc 86 0.02

2 Epsilon Energy Ltd 5 –

1 Equitable Group Inc 54 0.01



3 Exchange Income Corp 98 0.02

4 Exco Technologies Ltd 30 0.01

9 Extendicare Inc 63 0.01






Shares (000's)

Value (000's)

USD




3 Firm Capital Mortgage Investment Corp 27 0.01

2 First National Financial Corp 35 0.01


1 Fortis Inc 17 –



1 Gamehost Inc 8 –

– Genesis Land Development Corp – –


14 Gibson Energy Inc 193 0.04

3 Gluskin Sheff + Associates Inc 32 0.01





4 Great Canadian Gaming Corp 76 0.02

6 Great Panther Silver Ltd 9 –

2 Guardian Capital Group Ltd 36 0.01

5 Guyana Goldfields Inc 22 –

3 Heroux-Devtek Inc 33 0.01

2 High Liner Foods Inc 28 0.01

– HNZ Group Inc 1 –




5 Hudson's Bay Co 60 0.01



11 Innergex Renewable Energy Inc 112 0.02

7 Interfor Corp 73 0.02

3 International Tower Hill Mines Ltd 1 –


7 Intertape Polymer Group Inc 128 0.03



4 Jean Coutu Group PJC Inc 56 0.01

9 Just Energy Group Inc 49 0.01

1 K-Bro Linen Inc 22 –


11 Kirkland Lake Gold Inc 58 0.01





2 Leon's Furniture Ltd 28 0.01



33 Lucara Diamond Corp 79 0.02




1 Mainstreet Equity Corp 14 –

8 Major Drilling Group International Inc 38 0.01




9 Martinrea International Inc 51 0.01

1 Mediagrif Interactive Technologies Inc 19 –

3 Medical Facilities Corp 33 0.01

9 MEG Energy Corp 46 0.01




Shares (000's)

Value (000's)

USD




7 Mitel Networks Corp 52 0.01

1 Morguard Corp 100 0.02

3 Morneau Shepell Inc 46 0.01

1 MTY Food Group Inc 52 0.01


3 Nautilus Minerals Inc – –

6 Neptune Technologies & Bioressources Inc 6 –

34 Nevsun Resources Ltd 111 0.02




5 Norbord Inc 123 0.03


4 North West Co Inc 84 0.02

– Northland Power Inc – –

18 NuVista Energy Ltd 92 0.02





4 Paramount Resources Ltd 58 0.01



7 Pason Systems Inc 86 0.02

50 Pengrowth Energy Corp 77 0.02

33 Penn West Petroleum Ltd 58 0.01





2 Premium Brands Holdings Corp 110 0.02



3 Pulse Seismic Inc 4 –

1 QLT Inc 3 –


2 RB Energy Inc – –

7 Redknee Solutions Inc 9 –

7 Reitmans Canada Ltd 33 0.01

5 Richelieu Hardware Ltd 99 0.02

5 Richmont Mines Inc 33 0.01


1 Rocky Mountain Dealerships Inc 6 –

6 Rogers Sugar Inc 27 0.01



10 Sandstorm Gold Ltd 38 0.01

14 Sandvine Corp 32 0.01


6 Seabridge Gold Inc 51 0.01




36 SEMAFO Inc 110 0.02


27 Sherritt International Corp 25 0.01

2 Sienna Senior Living Inc 26 0.01

4 Sierra Wireless Inc 55 0.01


4 Solium Capital Inc 26 0.01


12 Sprott Inc 23 –





Shares (000's)

Value (000's)

USD





3 Stella-Jones Inc 91 0.02

39 Stornoway Diamond Corp 29 0.01

6 Street Capital Group Inc 7 –

1 Stuart Olson Inc 6 –

10 Student Transportation Inc 55 0.01

9 SunOpta Inc 63 0.01


30 Surge Energy Inc 62 0.01


4 Tembec Inc 5 –










10 TransAlta Renewables Inc 99 0.02

6 Transcontinental Inc 82 0.02



34 Trevali Mining Corp 35 0.01

12 Trican Well Service Ltd 34 0.01


22 Trinidad Drilling Ltd 45 0.01

2 Uni-Select Inc 50 0.01

5 Valener Inc 71 0.01


2 Wajax Corp 31 0.01

7 Wesdome Gold Mines Ltd 12 –



33 Western Forest Products Inc 45 0.01





18 Wi-LAN Inc 25 0.01

2 Winpak Ltd 84 0.02



3 Yellow Pages Ltd 34 0.01

4 ZCL Composites Inc 33 0.01

17,443 3.60





125 0.02

Denmark - 0.67%

– ALK-Abello AS 58 0.01


3 Ambu AS 97 0.02


3 Bavarian Nordic AS 81 0.02


3 Dfds AS 118 0.02




Shares (000's)

Value (000's)

USD



Denmark - 0.67% (continued)



1 Matas AS 16 –


1 NNIT AS 42 0.01







3 Santa Fe Group AS 20 –



1 Solar AS 35 0.01



70 TDC AS 356 0.08

8 TK Development AS 9 –


6 Tryg AS 111 0.02

– United International Enterprises 38 0.01



3,258 0.67

Finland - 0.98%



2 Alma Media Oyj 11 –


1 Aspo Oyj 6 –

1 BasWare Oyj 39 0.01




3 Cramo Oyj 83 0.02


7 F-Secure Oyj 23 –



3 HKScan Oyj 9 –







– Lemminkainen Oyj 1 –




3 Olvi Oyj 74 0.02

13 Oriola-KD Oyj 62 0.01





2 PKC Group Oyj 37 0.01

1 Ponsse Oy 24 –



1 Rapala VMC Oyj 6 –

– Revenio Group Oyj 4 –




Shares (000's)

Value (000's)

USD





25 Sponda Oyj 108 0.02

5 Stockmann Oyj Abp 35 0.01

1 Stockmann Oyj Abp, Class A 4 –

14 Technopolis Oyj 45 0.01

5 Tieto Oyj 129 0.03



1 Vaisala Oyj 24 –


10 YIT Oyj 77 0.02

4,768 0.98

France - 1.83%

4 ABC arbitrage 34 0.01

15 Air France-KLM 82 0.02

1 Akka Technologies 29 0.01

1 Albioma SA 22 –

5 Alstom SA 125 0.03

3 Altamir 40 0.01

3 Alten SA 216 0.04


1 APRIL SA 10 –

1 Assystem 41 0.01

1 Axway Software SA 31 0.01



1 Boiron SA 84 0.02



– Burelle SA 27 0.01


1 Cegedim SA 13 –

– Cegid Group – –

2 CGG SA 26 0.01




8 Coface SA 44 0.01


1 Devoteam SA 52 0.01

19 Edenred 401 0.08

– Electricite de Strasbourg SA 4 –


3 Elis SA 52 0.01

1 Eramet 34 0.01





– Faiveley Transport SA 50 0.01

7 Faurecia 239 0.05

– Fimalac 1 –

1 Gaztransport Et Technigaz SA 40 0.01

1 GL Events 12 –

– Groupe Crit 29 0.01

1 Groupe Fnac SA (voting rights) 103 0.02


1 Guerbet 33 0.01

2 Haulotte Group SA 25 0.01

14 Havas SA 111 0.02

1 HiPay Group SA 7 –

– ID Logistics Group 29 0.01

2 Imerys SA 173 0.04

Shares (000's)

Value (000's)

USD





2 Ipsen SA 168 0.03

2 IPSOS 73 0.02


4 Korian SA 96 0.02


– Laurent-Perrier 9 –

1 Le Noble Age 39 0.01

2 Lectra 30 0.01

1 Linedata Services 23 –

2 LISI 60 0.01



1 Mersen SA 29 0.01



1 Naturex 71 0.01




3 NRJ Group 26 0.01

2 Oeneo SA 18 –

4 Orpea 280 0.06

1 Pierre & Vacances SA 24 –

2 Rallye SA 42 0.01

2 Remy Cointreau SA 184 0.04

25 Rexel SA 386 0.08

– Robertet SA 11 –




– Savencia SA 25 0.01

1 SEB SA 171 0.04

2 Sequana SA 3 –

– Societe des Bains de Mer et du Cercle des Etrangers a Monaco 7 –

– Societe Marseillaise du Tunnel Prado-Carenage SA 7 –


– Somfy SA 40 0.01


2 SPIE SA 36 0.01

– Stallergenes Greer PLC 3 –


– Stef SA 16 –

1 Sword Group 15 –






– Tessi SA 11 –

– TFF Group 10 –






5 Valneva SE 13 –


2 Vicat SA 122 0.03


– Virbac SA 52 0.01




Shares (000's)

Value (000's)

USD




3 Worldline SA 73 0.02

8,848 1.83

Germany - 2.56%


2 ADLER Real Estate AG 34 0.01



1 Amadeus Fire AG 41 0.01



1 Bauer AG 14 –

2 BayWa AG 48 0.01





1 Biotest AG 12 –


2 BRAAS Monier Building Group SA 46 0.01

2 CANCOM SE 85 0.02


2 CENIT AG 32 0.01



1 Clere AG 11 –


3 CompuGroup Medical SE 103 0.02

– CropEnergies AG 1 –


1 Delticom AG 14 –





11 Deutz AG 61 0.01


4 DIC Asset AG 40 0.01


– Dr Hoenle AG 9 –



3 Duerr AG 225 0.05



22 Evotec AG 141 0.03






– Gesco AG 13 –

2 GFK SE 54 0.01

2 GFT Technologies SE 36 0.01


1 Grenke AG 121 0.02

– H&R GmbH & Co KGaA 8 –




4 HolidayCheck Group AG 10 –




Shares (000's)

Value (000's)

USD




1 Init Innovation In Traffic Systems AG 14 –

– Isra Vision AG 32 0.01


15 K+S AG 313 0.06



4 Kontron AG 12 –


– KSB AG 4 –

3 KUKA AG 333 0.07

– KWS Saat SE 82 0.02



3 Leoni AG 103 0.02

2 LPKF Laser & Electronics AG 15 –

– Manz AG 7 –

6 MLP AG 26 0.01


2 Nemetschek SE 137 0.03

1 Nexus AG 25 0.01

6 Nordex SE 124 0.03





11 PNE Wind AG 26 0.01

– Puma SE 65 0.01

21 Qiagen NV 566 0.13

12 QSC AG 25 0.01

– R Stahl AG 3 –







– Schaltbau Holding AG 16 –

1 SHW AG 22 –

– Siltronic AG 14 –

2 Sixt SE 94 0.02

1 SMA Solar Technology AG 29 0.01


2 Stabilus SA 98 0.02


– STRATEC Biomedical AG 19 –

3 Stroeer SE & Co KGaA 95 0.02



1 Surteco SE 23 –


4 Takkt AG 74 0.02

– Technotrans AG 9 –


1 Tom Tailor Holding AG 6 –


1 VTG AG 44 0.01



1 Washtec AG 61 0.01

– XING AG 50 0.01


12,379 2.56




Shares (000's)

Value (000's)

USD



Hong Kong - 1.36%

91 13 Holdings Ltd 29 0.01


4 Allied Group Ltd 21 –

132 Allied Properties HK Ltd 29 0.01

210 APAC Resources Ltd 3 –

49 APT Satellite Holdings Ltd 26 0.01







910 BEP International Holdings Ltd 67 0.01




144 Brockman Mining Ltd 2 –




620 Champion Technology Holdings Ltd 13 –

10 Cheuk Nang Holdings Ltd 7 –


1,154 China Energy Development Holdings Ltd 13 –

620 China Ever Grand Financial Leasing Group Co Ltd 8 –

400 China LNG Group Ltd 10 –




1,549 China Strategic Holdings Ltd 36 0.01

15 Chinese Estates Holdings Ltd 27 0.01

40 Chow Sang Sang Holdings International Ltd 75 0.02

148 Chuang's Consortium International Ltd 31 0.01

156 CITIC Telecom International Holdings Ltd 51 0.01

400 CK Life Sciences Int'l Holdings Inc 38 0.01


30 Crocodile Garments 4 –

31 Cross-Harbour Holdings Ltd 45 0.01

880 CSI Properties Ltd 31 0.01




107 Dan Form Holdings Co Ltd 38 0.01

48 Dragonite International Ltd 10 –

29 EcoGreen International Group Ltd 6 –

360 Emperor Capital Group Ltd 38 0.01


136 Emperor International Holdings Ltd 31 0.01


116 ENM Holdings Ltd 9 –


42 eSun Holdings Ltd 4 –

9 Fairwood Holdings Ltd 37 0.01

129 Far East Consortium International Ltd 56 0.01




740 Freeman FinTech Corp Ltd 48 0.01

30 Future Bright Holdings Ltd 4 –

2,573 G-Resources Group Ltd 49 0.01




Shares (000's)

Value (000's)

USD




138 Giordano International Ltd 74 0.02








61 HKBN Ltd 69 0.01

84 HKR International Ltd 39 0.01

4 Hong Kong Aircraft Engineering Co Ltd 27 0.01

224 Hong Kong Building & Loan Agency Ltd 10 –



28 Hongkong & Shanghai Hotels Ltd 33 0.01



396 Hsin Chong Construction Group Ltd 19 – 192

Hutchison Telecommunications Hong Kong Holdings Ltd 64 0.01

95 IGG Inc 74 0.02

300 Imagi International Holdings Ltd 8 –

450 International Standard Resources Holdings Ltd 6 –

280 iOne Holdings Ltd 9 –

54 IT Ltd 22 –

85 ITC Corp Ltd 9 –

60 ITC Properties Group Ltd 25 0.01


61 Kerry Logistics Network Ltd 82 0.02

54 Kowloon Development Co Ltd 52 0.01

41 L'Occitane International SA 80 0.02

1,313 Lai Sun Development Co Ltd 25 0.01


1,550 Landing International Development Ltd 38 0.01

52 Lifestyle International Holdings Ltd 67 0.01

250 Lippo China Resources Ltd 8 –

18 Liu Chong Hing Investment Ltd 26 0.01


174 Macau Legend Development Ltd 38 0.01

258 Magnificent Hotel Investment Ltd 6 –




17 Miramar Hotel & Investment 39 0.01

741 Mongolian Mining Corp 24 –



126 NewOcean Energy Holdings Ltd 35 0.01


450 Pacific Andes International Holdings Ltd 2 –

524 Pacific Basin Shipping Ltd 85 0.02


44 Paradise Entertainment Ltd 8 –

84 Pico Far East Holdings Ltd 26 0.01


40 Playmates Toys Ltd 7 –



266 PYI Corp Ltd 5 –

158 Qianhai Health Holdings Ltd 3 –

54 Regal Hotels International Holdings Ltd 30 0.01

85 Sa Sa International Holdings Ltd 38 0.01

26 SEA Holdings Ltd 66 0.01

75 Shenwan Hongyuan HK Ltd 42 0.01




Shares (000's)

Value (000's)

USD




154 Shougang Concord Grand Group Ltd 5 –

4 Shun Ho Property Investments Ltd 2 –

184 Shun Tak Holdings Ltd 68 0.01




41 SmarTone Telecommunications Holdings Ltd 57 0.01




24 Stelux Holdings International Ltd 2 –

86 Sun Hung Kai & Co Ltd 53 0.01

53 TAI Cheung Holdings Ltd 45 0.01

42 Tan Chong International Ltd 13 –


92 Texwinca Holdings Ltd 67 0.01

142 Tom Group Ltd 33 0.01

200 Town Health International Medical Group Ltd 32 0.01

88 Tradelink Electronic Commerce Ltd 18 –

26 Transport International Holdings Ltd 78 0.02



40 Tsui Wah Holdings Ltd 7 –


284 Up Energy Development Group Ltd 4 –




102 VST Holdings Ltd 34 0.01


24 Wai Kee Holdings Ltd 8 –




55 Yat Sing Holdings Ltd 28 0.01

3 YGM Trading Ltd 3 –

20 YT Realty Group Ltd 8 –

6,578 1.36

Ireland - 0.22%


4 FBD Holdings PLC 25 0.01


2 IFG Group PLC 4 –

10 Irish Continental Group PLC 43 0.01



1,120 0.22

Israel - 0.33%

2 ADO Group Ltd 26 0.01

8 Africa Israel Investments Ltd 1 –

1 Africa Israel Properties Ltd 10 –

5 Airport City Ltd 47 0.01

1 Allot Communications Ltd 5 –

2 Alrov Properties and Lodgings Ltd 34 0.01

7 Amot Investments Ltd 30 0.01

2 AudioCodes Ltd 12 –

– Bayside Land Corp 43 0.01

– Big Shopping Centers Ltd 30 0.01

– Brack Capital Properties NV 18 –

4 Cellcom Israel Ltd (Israel listing) 36 0.01

2 Clal Insurance Enterprises Holdings Ltd 25 0.01

5 Compugen Ltd 28 0.01

3 Delek Automotive Systems Ltd 27 0.01

Shares (000's)

Value (000's)

USD



Israel - 0.33% (continued)

1 Delta-Galil Industries Ltd 23 –

– Electra Ltd 29 0.01

2 Elron Electronic Industries Ltd 7 –

– Energix-Renewable Energies Ltd – –

1 Equital Ltd 13 –

2 Evogene Ltd 13 –

6 First International Bank Of Israel Ltd 81 0.02

1 Formula Systems 1985 Ltd 37 0.01

11 Harel Insurance Investments & Financial Services Ltd 46 0.01

1 Hilan Ltd 15 –

1 IDI Insurance Co Ltd 25 0.01


1 Jerusalem Oil Exploration 34 0.01

2 Kamada Ltd 12 –

2 Magic Software Enterprises Ltd 12 –


7 Mazor Robotics Ltd 89 0.01

2 Melisron Ltd 74 0.01



– Mivtach Shamir Holdings Ltd 8 –

3 Naphtha Israel Petroleum Corp Ltd 19 –

3 Nova Measuring Instruments Ltd 36 0.01

102 Oil Refineries Ltd 39 0.01

8 Partner Communications Co Ltd 42 0.01

– Paz Oil Co Ltd 77 0.01

8 Phoenix Holdings Ltd 27 0.01

– Rami Levy Chain Stores Hashikma Marketing 2006 Ltd 16 –

3 Sapiens International Corp NV 50 0.01

18 Shikun & Binui Ltd 34 0.01

7 Shufersal Ltd 27 0.01

4 Strauss Group Ltd 58 0.01


1,631 0.33

Italy - 1.41%

140 A2A SpA 167 0.03

6 ACEA SpA 70 0.01



9 Ansaldo STS SpA 99 0.02




13 Autogrill SpA 108 0.02






– Banca Monte dei Paschi di Siena SpA 9 –




4 Banco di Desio e della Brianza SpA 6 –


5 BasicNet SpA 16 –

1 Biesse SpA 24 –



2 Brunello Cucinelli SpA 32 0.01






Shares (000's)

Value (000's)

USD









26 d'Amico International Shipping SA 7 –


2 Datalogic SpA 37 0.01






6 ERG SpA 61 0.01




5 Geox SpA 10 –



69 Hera SpA 143 0.03

2 Industria Macchine Automatiche SpA 112 0.02

8 Infrastrutture Wireless Italiane SpA 34 0.01


62 Iren SpA 93 0.02


2 La Doria SpA 13 –


2 MARR SpA 43 0.01



14 Moleskine SpA 35 0.01


1 OVS SpA 3 –





– Reply SpA 58 0.01


505 Saipem SpA 228 0.05




1 Save SpA 19 –



6 Sogefi SpA 13 –

4 SOL SpA 33 0.01



1 Tod's SpA 85 0.02







1 Zignago Vetro SpA 5 –

6,827 1.41

Japan - 9.61%

25 77 Bank Ltd 120 0.02

5 Accordia Golf Co Ltd 55 0.01

Shares (000's)

Value (000's)

USD





2 Adastria Co Ltd 65 0.01


3 Advan Co Ltd 26 0.01

2 Aeon Delight Co Ltd 55 0.01


3 Ai Holdings Corp 69 0.01


1 Aichi Bank Ltd 45 0.01

5 Aichi Corp 38 0.01

2 Aichi Steel Corp 70 0.01

8 Aida Engineering Ltd 70 0.01


5 Aisan Industry Co Ltd 37 0.01


9 Akebono Brake Industry Co Ltd 25 0.01

18 Akita Bank Ltd 59 0.01


2 Alinco Inc 19 –

2 Alpen Co Ltd 45 0.01

4 Alpine Electronics Inc 58 0.01

1 Alps Logistics Co Ltd 3 –

1 Altech Corp 16 –


1 Amiyaki Tei Co Ltd 21 –

1 Amuse Inc 12 –

4 Anest Iwata Corp 40 0.01

2 Anicom Holdings Inc 40 0.01



5 AOKI Holdings Inc 58 0.01



2 Arakawa Chemical Industries Ltd 32 0.01

2 Arata Corp 34 0.01

4 Arcland Sakamoto Co Ltd 45 0.01

1 Arcland Service Holdings Co Ltd 25 0.01

3 Arcs Co Ltd 68 0.01

5 Ardepro Co Ltd 5 –

2 Ariake Japan Co Ltd 85 0.02


1 Artnature Inc 7 –

1 As One Corp 60 0.01

2 Asahi Co Ltd 22 –

5 Asahi Diamond Industrial Co Ltd 40 0.01

3 Asahi Holdings Inc 52 0.01


10 Asanuma Corp 30 0.01


3 Asia Pile Holdings Corp 13 –


2 ASKUL Corp 69 0.01

1 Ateam Inc 30 0.01

7 Atom Corp 40 0.01



4 Avex Group Holdings Inc 49 0.01


2 Axial Retailing Inc 62 0.01


4 Bando Chemical Industries Ltd 36 0.01

2 Bank of Iwate Ltd 77 0.02

2 Bank of Nagoya Ltd 61 0.01




Shares (000's)

Value (000's)

USD





12 Bank of Saga Ltd 29 0.01

3 Bank of the Ryukyus Ltd 39 0.01

1 Belc Co Ltd 29 0.01

8 Belluna Co Ltd 42 0.01

1 Benefit One Inc 33 0.01

10 Bic Camera Inc 88 0.02

1 Biofermin Pharmaceutical Co Ltd 16 –

3 BML Inc 60 0.01


1 BRONCO BILLY Co Ltd 13 –

8 Bunka Shutter Co Ltd 57 0.01

1 C Uyemura & Co Ltd 20 –

2 CAC Holdings Corp 15 –

1 Can Do Co Ltd 14 –

2 Canon Electronics Inc 32 0.01

5 Capcom Co Ltd 101 0.02

2 Cawachi Ltd 43 0.01


1 Central Sports Co Ltd 19 –


2 Chiyoda Co Ltd 42 0.01



2 Chofu Seisakusho Co Ltd 42 0.01


4 Chubu Shiryo Co Ltd 35 0.01

3 Chudenko Corp 57 0.01

14 Chuetsu Pulp & Paper Co Ltd 30 0.01

11 Chugai Ro Co Ltd 20 –

6 Chugoku Marine Paints Ltd 41 0.01


3 Ci:z Holdings Co Ltd 73 0.02


6 CKD Corp 76 0.02

12 Clarion Co Ltd 40 0.01


2 CMIC Holdings Co Ltd 20 –

5 CMK Corp 24 –



3 COLOPL Inc 24 –

5 Colowide Co Ltd 88 0.02

3 Computer Engineering & Consulting Ltd 45 0.01


5 COOKPAD Inc 46 0.01

1 Corona Corp 9 –

4 Cosel Co Ltd 37 0.01

6 Cosmo Energy Holdings Co Ltd 79 0.02

3 Create Restaurants Holdings Inc 29 0.01

2 Create SD Holdings Co Ltd 45 0.01

– CROOZ Inc 7 –

1 CTI Engineering Co Ltd 10 –

18 Dai Nippon Toryo Co Ltd 35 0.01

1 Dai-Dan Co Ltd 8 –

1 Dai-ichi Seiko Co Ltd 15 –

5 Daibiru Corp 42 0.01

3 Daido Metal Co Ltd 29 0.01


3 Daidoh Ltd 12 –

3 Daihatsu Diesel Manufacturing Co Ltd 19 –

12 Daihen Corp 76 0.02

11 Daiho Corp 56 0.01

Shares (000's)

Value (000's)

USD





– Daiichi Kensetsu Corp 4 –


1 Daiken Medical Co Ltd 7 –

– Daikokutenbussan Co Ltd 17 –

35 Daikyo Inc 75 0.02 6

Dainichiseika Color & Chemicals Manufacturing Co Ltd 32 0.01

8 Daio Paper Corp 89 0.02

2 Daisan Bank Ltd 26 0.01

3 Daiseki Co Ltd 61 0.01



4 Daiwa Industries Ltd 32 0.01

17 Daiwabo Holdings Co Ltd 45 0.01

8 DCM Holdings Co Ltd 72 0.01


6 Denki Kogyo Co Ltd 31 0.01


4 Descente Ltd 44 0.01

1 Dexerials Corp 8 –


5 Digital Garage Inc 79 0.02

3 Dip Corp 57 0.01

7 DKS Co Ltd 22 –


3 Doshisha Co Ltd 45 0.01

3 Doutor Nichires Holdings Co Ltd 54 0.01


2 DTS Corp 47 0.01

1 Dunlop Sports Co Ltd 6 –

5 Duskin Co Ltd 93 0.02

1 Dydo Drinco Inc 40 0.01

2 Eagle Industry Co Ltd 31 0.01


4 Ehime Bank Ltd 46 0.01

18 Eighteenth Bank Ltd 54 0.01

2 Eiken Chemical Co Ltd 45 0.01

2 Eizo Corp 65 0.01

2 Elecom Co Ltd 33 0.01


2 en-japan Inc 34 0.01

2 Endo Lighting Corp 12 –

2 Enplas Corp 44 0.01

2 EPS Holdings Inc 25 0.01

3 ESPEC Corp 31 0.01

1 Excel Co Ltd 10 –



4 FCC Co Ltd 62 0.01

13 FDK Corp 11 –

4 Ferrotec Corp 49 0.01



6 Financial Products Group Co Ltd 47 0.01

2 FINDEX Inc 14 –

3 Foster Electric Co Ltd 60 0.01



2 Fuji Co Ltd 47 0.01


6 Fuji Kyuko Co Ltd 56 0.01

5 Fuji Machine Manufacturing Co Ltd 61 0.01





Shares (000's)

Value (000's)

USD





1 Fuji Pharma Co Ltd 33 0.01

2 Fuji Seal International Inc 82 0.02

2 Fuji Soft Inc 54 0.01

1 Fujibo Holdings Inc 41 0.01



2 Fujimi Inc 37 0.01

1 Fujimori Kogyo Co Ltd 34 0.01

7 Fujita Kanko Inc 20 –


2 Fujitsu Frontech Ltd 31 0.01


1 Fukuda Denshi Co Ltd 60 0.01

27 Fukui Bank Ltd 67 0.01


2 Fukushima Industries Corp 47 0.01


2 FULLCAST Holdings Co Ltd 14 –


3 Funai Soken Holdings Inc 43 0.01

2 Furukawa Battery Co Ltd 14 –

31 Furukawa Co Ltd 57 0.01


4 Furuno Electric Co Ltd 29 0.01

1 Furusato Industries Ltd 13 –

1 Fuso Chemical Co Ltd 29 0.01


4 Futaba Corp 55 0.01

6 Futaba Industrial Co Ltd 34 0.01



2 G-Tekt Corp 32 0.01

2 Gakken Holdings Co Ltd 6 –

1 GCA Corp 10 –

2 Gecoss Corp 17 –

1 Genki Sushi Co Ltd 9 –

1 Genky Stores Inc 30 0.01

4 Geo Holdings Corp 38 0.01

2 Giken Ltd 24 –



7 GMO internet Inc 100 0.02

1 GMO Payment Gateway Inc 58 0.01

1 Godo Steel Ltd 27 0.01

2 Goldcrest Co Ltd 35 0.01

11 Gree Inc 59 0.01


– Gun-Ei Chemical Industry Co Ltd 8 –


17 Gunze Ltd 57 0.01

3 Gurunavi Inc 62 0.01

1 H2O Retailing Corp 20 –


2 Hamakyorex Co Ltd 32 0.01


2 Happinet Corp 26 0.01



4 Heiwa Real Estate Co Ltd 52 0.01

3 Heiwado Co Ltd 60 0.01

3 HI-LEX CORP 62 0.01


Shares (000's)

Value (000's)

USD




2 Hiday Hidaka Corp 51 0.01

1 Hioki EE Corp 25 0.01

5 Hiramatsu Inc 27 0.01

1 Hirata Corp 33 0.01


4 HIS Co Ltd 119 0.02


5 Hitachi Koki Co Ltd 50 0.01

6 Hitachi Kokusai Electric Inc 121 0.02

1 Hitachi Maxell Ltd 21 –

4 Hitachi Transport System Ltd 81 0.02

19 Hitachi Zosen Corp 99 0.02

3 Hochiki Corp 36 0.01

1 Hogy Medical Co Ltd 71 0.01


2 Hokkaido Gas Co Ltd 5 –


3 Hokuetsu Bank Ltd 56 0.01

1 Hokuetsu Industries Co Ltd 7 –



9 Hokuriku Electric Industry Co Ltd 10 –

3 Hokuto Corp 57 0.01

2 Honeys Co Ltd 24 –

5 Hoosiers Holdings 25 0.01


7 Hosiden Corp 57 0.01





2 IBJ Leasing Co Ltd 43 0.01

1 Ichibanya Co Ltd 41 0.01


4 Ichiyoshi Securities Co Ltd 32 0.01

2 Icom Inc 26 0.01

3 Idec Corp 29 0.01

7 IDOM Inc 35 0.01

3 Ihara Chemical Industry Co Ltd 31 0.01

10 Iino Kaiun Kaisha Ltd 35 0.01


2 Inaba Denki Sangyo Co Ltd 82 0.02

5 Inabata & Co Ltd 51 0.01

3 Inageya Co Ltd 41 0.01

2 Infocom Corp 33 0.01

4 Infomart Corp 38 0.01

2 Information Services International-Dentsu Ltd 26 0.01


3 Internet Initiative Japan Inc 45 0.01


1 Iriso Electronics Co Ltd 54 0.01

18 Iseki & Co Ltd 36 0.01

5 Ishihara Sangyo Kaisha Ltd 41 0.01

4 Itochu Enex Co Ltd 34 0.01

– Itochu-Shokuhin Co Ltd 15 –


4 Itoki Corp 29 0.01


12 Iwasaki Electric Co Ltd 18 –








Shares (000's)

Value (000's)

USD




1 J-Oil Mills Inc 36 0.01

15 Jaccs Co Ltd 70 0.01


2 Jalux Inc 25 0.01

1 Jamco Corp 24 –


7 Japan Aviation Electronics Industry Ltd 96 0.02

2 Japan Digital Laboratory Co Ltd 40 0.01



2 Japan Material Co Ltd 49 0.01

3 Japan Petroleum Exploration Co Ltd 70 0.01

1 Japan Property Management Center Co Ltd 15 –



11 Japan Securities Finance Co Ltd 55 0.01


1 Japan Transcity Corp 4 –

6 Japan Wool Textile Co Ltd 44 0.01

1 JCU Corp 26 0.01

8 Jeol Ltd 32 0.01


1 Jin Co Ltd 51 0.01

4 Joshin Denki Co Ltd 34 0.01

2 Joyful Honda Co Ltd 48 0.01

5 JP-Holdings Inc 11 –

1 JSP Corp 35 0.01

3 Juki Corp 26 0.01


4 Justsystems Corp 38 0.01




18 kabu.com Securities Co Ltd 58 0.01

2 Kadokawa Dwango 28 0.01

2 Kaga Electronics Co Ltd 33 0.01

1 Kakiyasu Honten Co Ltd 17 –

1 Kameda Seika Co Ltd 55 0.01

2 Kamei Corp 21 –


4 Kanagawa Chuo Kotsu Co Ltd 26 0.01

3 Kanamoto Co Ltd 65 0.01



2 Kanematsu Electronics Ltd 43 0.01

3 Kansai Urban Banking Corp 39 0.01

4 Kanto Denka Kogyo Co Ltd 34 0.01

2 Kappa Create Co Ltd 20 –


3 Katakura Industries Co Ltd 28 0.01

3 Kato Sangyo Co Ltd 67 0.01

1 Kato Works Co Ltd 21 –

– Kawada Technologies Inc 24 –

2 Kawai Musical Instruments Manufacturing Co Ltd 30 0.01


5 Keihin Corp 90 0.02



24 Kenedix Inc 90 0.02

1 Kenko Mayonnaise Co Ltd 25 0.01

3 Key Coffee Inc 48 0.01

2 KFC Holdings Japan Ltd 30 0.01

– Kinki Sharyo Co Ltd 8 –

Shares (000's)

Value (000's)

USD




4 Kintetsu Department Store Co Ltd 12 –

5 Kintetsu World Express Inc 73 0.02

2 Kissei Pharmaceutical Co Ltd 54 0.01



6 Kitano Construction Corp 16 –

3 Kito Corp 26 0.01

9 Kitz Corp 50 0.01


2 KLab Inc 12 –

13 KNT-CT Holdings Co Ltd 17 –

4 Koa Corp 35 0.01

4 Koatsu Gas Kogyo Co Ltd 25 0.01

1 Kobe Bussan Co Ltd 32 0.01



1 Kokusai Co Ltd 8 –



1 Komatsu Wall Industry Co Ltd 19 –

1 Komehyo Co Ltd 5 –

3 Komeri Co Ltd 72 0.01

5 Komori Corp 67 0.01


1 Kondotec Inc 6 –

4 Konishi Co Ltd 47 0.01

2 Konoike Transport Co Ltd 33 0.01

1 Koshidaka Holdings Co Ltd 16 –

2 Kotobuki Spirits Co Ltd 46 0.01

1 Kourakuen Holdings Corp 17 –

3 KU Holdings Co Ltd 24 –


6 Kumiai Chemical Industry Co Ltd 37 0.01

1 Kura Corp 52 0.01

23 Kurabo Industries Ltd 47 0.01

1 Kureha Corp 58 0.01


– Kuriyama Holdings Corp 5 –

4 Kuroda Electric Co Ltd 83 0.02

1 Kusuri no Aoki Holdings Co Ltd 60 0.01

21 KYB Corp 97 0.02

10 Kyodo Printing Co Ltd 34 0.01

2 Kyoei Steel Ltd 35 0.01

4 Kyokuto Kaihatsu Kogyo Co Ltd 46 0.01

2 Kyokuto Securities Co Ltd 34 0.01

1 Kyokuyo Co Ltd 26 0.01


1 Kyoritsu Maintenance Co Ltd 88 0.02




2 LAC Co Ltd 14 –

5 Laox Co Ltd 35 0.01

2 Lasertec Corp 31 0.01


2 Life Corp 54 0.01

4 Lintec Corp 92 0.02

2 Macnica Fuji Electronics Holdings Inc 26 0.01


1 Maeda Kosen Co Ltd 15 –


3 Maezawa Kasei Industries Co Ltd 26 0.01

2 Maezawa Kyuso Industries Co Ltd 25 0.01




Shares (000's)

Value (000's)

USD




9 Makino Milling Machine Co Ltd 65 0.01

1 Mandom Corp 52 0.01

2 Mani Inc 43 0.01


1 Marubun Corp 5 –

11 Marudai Food Co Ltd 45 0.01


1 Maruwa Co Ltd 42 0.01

8 Maruzen Showa Unyu Co Ltd 31 0.01

4 Marvelous Inc 27 0.01


3 Matsui Construction Co Ltd 29 0.01


3 Matsuya Co Ltd 29 0.01

1 Matsuya Foods Co Ltd 40 0.01

3 Max Co Ltd 35 0.01

2 MCJ Co Ltd 20 –



8 Meisei Industrial Co Ltd 38 0.01

3 Meitec Corp 106 0.02

2 Melco Holdings Inc 41 0.01

1 Menicon Co Ltd 15 –

15 Michinoku Bank Ltd 29 0.01


2 Mie Bank Ltd 32 0.01

1 Milbon Co Ltd 46 0.01

3 Mimasu Semiconductor Industry Co Ltd 32 0.01

2 Minato Bank Ltd 29 0.01

2 Ministop Co Ltd 33 0.01

5 Mirait Holdings Corp 52 0.01

3 Miroku Jyoho Service Co Ltd 47 0.01


2 Mitani Corp 53 0.01

1 Mitani Sekisan Co Ltd 26 0.01

13 Mito Securities Co Ltd 33 0.01

4 Mitsuba Corp 53 0.01

9 Mitsubishi Kakoki Kaisha Ltd 16 –

6 Mitsubishi Nichiyu Forklift Co Ltd 42 0.01

5 Mitsubishi Paper Mills Ltd 35 0.01



2 Mitsubishi Shokuhin Co Ltd 49 0.01

21 Mitsubishi Steel Manufacturing Co Ltd 42 0.01







2 Mitsui Sugar Co Ltd 42 0.01

16 Mitsui-Soko Holdings Co Ltd 47 0.01

8 Mitsumi Electric Co Ltd 47 0.01

5 Mitsuuroko Group Holdings Co Ltd 32 0.01

15 Miyazaki Bank Ltd 48 0.01

9 Mizuno Corp 44 0.01

2 Mochida Pharmaceutical Co Ltd 105 0.02

2 Modec Inc 29 0.01

22 Monex Group Inc 53 0.01

– Monogatari Corp 8 –


4 Morita Holdings Corp 53 0.01

5 MTI Ltd 34 0.01

Shares (000's)

Value (000's)

USD




2 Musashi Seimitsu Industry Co Ltd 58 0.01


1 Mutoh Holdings Co Ltd 2 –

18 Nachi-Fujikoshi Corp 70 0.01

1 Nagaileben Co Ltd 19 –

1 Nagano Bank Ltd 25 0.01




1 Nakamuraya Co Ltd 29 0.01

2 Nakanishi Inc 74 0.02

1 Nakano Refrigerators Co Ltd 13 –

1 Nakayama Steel Works Ltd 6 –

8 Namura Shipbuilding Co Ltd 51 0.01


2 Natori Co Ltd 27 0.01

– NDS Co Ltd 5 –

2 NEC Capital Solutions Ltd 23 –

3 NEC Networks & System Integration Corp 57 0.01

10 NET One Systems Co Ltd 67 0.01


4 Next Co Ltd 27 0.01

4 Nichi-iko Pharmaceutical Co Ltd 61 0.01

9 Nichias Corp 88 0.02

6 Nichicon Corp 49 0.01


3 Nichiha Corp 76 0.02

4 Nichireki Co Ltd 32 0.01

1 Nihon Chouzai Co Ltd 43 0.01





– Nihon Trim Co Ltd 15 –

5 Nihon Unisys Ltd 64 0.01

16 Nihon Yamamura Glass Co Ltd 27 0.01

6 Nikkiso Co Ltd 51 0.01

– Nikko Co Ltd 3 –




4 Nippon Carbide Industries Co Inc 5 –


2 Nippon Ceramic Co Ltd 37 0.01

16 Nippon Chemi-Con Corp 33 0.01

8 Nippon Chemical Industrial Co Ltd 17 –

– Nippon Chemiphar Co Ltd 19 –




3 Nippon Densetsu Kogyo Co Ltd 56 0.01

6 Nippon Flour Mills Co Ltd 75 0.02


1 Nippon Hume Corp 9 –

1 Nippon Kanzai Co Ltd 11 –


6 Nippon Koei Co Ltd 26 0.01





1 Nippon Piston Ring Co Ltd 18 –

9 Nippon Road Co Ltd 35 0.01




Shares (000's)

Value (000's)

USD




4 Nippon Seiki Co Ltd 82 0.02


9 Nippon Sheet Glass Co Ltd 62 0.01

5 Nippon Signal Company Ltd 44 0.01

13 Nippon Soda Co Ltd 57 0.01



9 Nippon Thompson Co Ltd 34 0.01








3 Nishimatsuya Chain Co Ltd 40 0.01

2 Nishio Rent All Co Ltd 43 0.01



8 Nissei Build Kogyo Co Ltd 38 0.01

2 Nissei Plastic Industrial Co Ltd 20 –

3 Nissha Printing Co Ltd 58 0.01

6 Nisshin Fudosan Co 26 0.01

16 Nisshin Oillio Group Ltd 68 0.01




4 Nissin Electric Co Ltd 46 0.01

4 Nissin Kogyo Co Ltd 57 0.01


2 Nitta Corp 42 0.01

1 Nittetsu Mining Co Ltd 28 0.01

18 Nitto Boseki Co Ltd 71 0.01

3 Nitto Kogyo Corp 40 0.01



2 Nittoku Engineering Co Ltd 27 0.01

2 Noevir Holdings Co Ltd 66 0.01

14 NOF Corp 131 0.04

2 Nohmi Bosai Ltd 25 0.01

2 Nojima Corp 26 0.01

5 Nomura Co Ltd 72 0.01

1 Noritake Co Ltd 30 0.01

2 Noritz Corp 43 0.01


4 NS Solutions Corp 75 0.02


1 NSD Co Ltd 22 –

44 NTN Corp 169 0.04


1 Obara Group Inc 56 0.01

5 Obayashi Road Corp 31 0.01


1 Ohashi Technica Inc 12 –

1 Ohsho Food Service Corp 47 0.01

3 Oiles Corp 52 0.01

13 Oita Bank Ltd 47 0.01

3 Okabe Co Ltd 29 0.01

6 Okamoto Industries Inc 57 0.01

7 Okamura Corp 59 0.01



1 Okinawa Cellular Telephone Co 34 0.01

Shares (000's)

Value (000's)

USD




4 Okinawa Electric Power Co Inc 75 0.02



2 Okura Industrial Co Ltd 9 –





2 Optex Co Ltd 58 0.01



1 Osaka Steel Co Ltd 26 0.01

4 Osaki Electric Co Ltd 41 0.01

7 OSG Corp 146 0.04


2 Otsuka Kagu Ltd 19 –

1 Outsourcing Inc 45 0.01

2 Oyo Corp 21 –

3 Pacific Industrial Co Ltd 43 0.01

15 Pacific Metals Co Ltd 51 0.01

1 Pack Corp 18 –

1 PAL GROUP Holdings Co Ltd 29 0.01

4 Paltac Corporation 87 0.02

9 PanaHome Corp 64 0.01

2 Panasonic Industrial Devices SUNX Co Ltd 13 –

2 Paramount Bed Holdings Co Ltd 63 0.01


2 Pasona Group Inc 16 –



– PIA Corp 2 –


1 Piolax Inc 61 0.01

31 Pioneer Corp 65 0.01

3 Plenus Co Ltd 49 0.01

4 Pocket Card Co Ltd 20 –

9 Press Kogyo Co Ltd 39 0.01

4 Pressance Corp 45 0.01

6 Prestige International Inc 39 0.01

13 Prima Meat Packers Ltd 46 0.01

1 Pronexus Inc 9 –

1 Proto Corp 10 –

2 Qol Co Ltd 19 –

6 Raito Kogyo Co Ltd 62 0.01

1 Raysum Co Ltd 4 –

4 Relia Inc 36 0.01


12 Rhythm Watch Co Ltd 20 –

2 Ricoh Leasing Co Ltd 46 0.01


1 Riken Corp 37 0.01



2 Ringer Hut Co Ltd 39 0.01

3 Riso Kagaku Corp 56 0.01



1 Rokko Butter Co Ltd 29 0.01

1 Roland DG Corp 25 0.01

7 Round One Corp 51 0.01

2 Royal Holdings Co Ltd 39 0.01

14 Ryobi Ltd 57 0.01





Shares (000's)

Value (000's)

USD





3 Ryoyo Electro Corp 33 0.01

2 S Foods Inc 38 0.01


50 Saibu Gas Co Ltd 108 0.02

4 Saizeriya Co Ltd 85 0.02

11 Sakai Chemical Industry Co Ltd 35 0.01

– Sakai Moving Service Co Ltd 8 –

5 Sakata INX Corp 61 0.01

3 Sakata Seed Corp 84 0.02

3 Sala Corp 19 –

2 San-A Co Ltd 82 0.02

5 San-Ai Oil Co Ltd 35 0.01


11 Sanden Holdings Corp 36 0.01

5 Sangetsu Corp 81 0.02

11 Sanken Electric Co Ltd 47 0.01

5 Sanki Engineering Co Ltd 44 0.01

2 Sankyo Seiko Co Ltd 7 –

3 Sankyo Tateyama Inc 36 0.01



6 Sanrio Co Ltd 98 0.02



1 Sanyo Chemical Industries Ltd 51 0.01

4 Sanyo Denki Co Ltd 26 0.01

9 Sanyo Electric Railway Co Ltd 46 0.01

2 Sanyo Housing Nagoya Co Ltd 16 –


9 Sanyo Special Steel Co Ltd 46 0.01


2 Sato Holdings Corp 44 0.01


2 SBS Holdings Inc 16 –

– Secom Joshinetsu Co Ltd 9 –

3 Seika Corp 9 –


17 Seiko Holdings Corp 61 0.01



2 Sekisui Jushi Corp 34 0.01

4 Sekisui Plastics Co Ltd 28 0.01

11 Senko Co Ltd 75 0.02

– Senshu Electric Co Ltd 6 –



10 Septeni Holdings Co Ltd 30 0.01


2 Shibuya Corp 31 0.01


17 Shikoku Bank Ltd 44 0.01

3 Shikoku Chemicals Corp 26 0.01



1 Shimizu Bank Ltd 18 –

5 Shin-Etsu Polymer Co Ltd 34 0.01

7 Shindengen Electric Manufacturing Co Ltd 27 0.01

3 Shinkawa Ltd 18 –

10 Shinko Electric Industries Co Ltd 65 0.01

5 Shinko Plantech Co Ltd 35 0.01


9 Shinmaywa Industries Ltd 77 0.02

Shares (000's)

Value (000's)

USD






1 Shinwa Co Ltd 19 –

4 Ship Healthcare Holdings Inc 103 0.02

6 Shizuoka Gas Co Ltd 40 0.01

6 Shochiku Co Ltd 65 0.01

1 Shoei Co Ltd 13 –

1 Shofu Inc 17 –

5 Showa Corp 31 0.01


15 Showa Sangyo Co Ltd 77 0.02

2 Siix Corp 58 0.01


16 Sinfonia Technology Co Ltd 35 0.01

2 Sinko Industries Ltd 26 0.01

4 Sintokogio Ltd 31 0.01


6 SMK Corp 23 –

2 SMS Co Ltd 55 0.01


1 Sogo Medical Co Ltd 31 0.01


1 SRA Holdings 29 0.01

1 Srg Takamiya Co Ltd 3 –

1 St Marc Holdings Co Ltd 37 0.01

3 Starts Corp Inc 46 0.01


1 Stella Chemifa Corp 26 0.01

1 Studio Alice Co Ltd 26 0.01

2 Sumida Corp 20 –

10 Suminoe Textile Co Ltd 21 –


2 Sumitomo Densetsu Co Ltd 25 0.01



2 Sumitomo Real Estate Sales Co Ltd 42 0.01

4 Sumitomo Riko Co Ltd 31 0.01

1 Sumitomo Seika Chemicals Co Ltd 38 0.01


2 Sun Corp 11 –



2 Systena Corp 31 0.01

3 T Hasegawa Co Ltd 58 0.01

2 T RAD Co Ltd 4 –


2 T-Gaia Corp 30 0.01


3 Tachi-S Co Ltd 42 0.01



4 Taihei Dengyo Kaisha Ltd 39 0.01


2 Taikisha Ltd 52 0.01

15 Taiko Bank Ltd 35 0.01

1 Taisei Lamick Co Ltd 23 –

2 Taiyo Holdings Co Ltd 59 0.01


2 Takamatsu Construction Group Co Ltd 34 0.01

2 Takaoka Toko Co Ltd 32 0.01


8 Takara Leben Co Ltd 48 0.01

4 Takara Standard Co Ltd 67 0.01




Shares (000's)

Value (000's)

USD




2 Takasago International Corp 54 0.01

3 Takasago Thermal Engineering Co Ltd 46 0.01


2 Takeei Corp 13 –

4 Takeuchi Manufacturing Co Ltd 79 0.02


7 Takuma Co Ltd 59 0.01


9 Tamura Corp 35 0.01

4 Tanseisha Co Ltd 24 –



1 Techno Associe Co Ltd 5 –

1 Teikoku Electric Manufacturing Co Ltd 11 –

2 Teikoku Sen-I Co Ltd 27 0.01

9 Tekken Corp 28 0.01

2 Tenma Corp 25 0.01

6 TIS Inc 134 0.04

2 TKC Corp 41 0.01


2 Toa Corp (Tokyo) 32 0.01



16 Tobishima Corp 28 0.01

1 Tocalo Co Ltd 31 0.01

8 Tochigi Bank Ltd 35 0.01

20 Toda Corp 113 0.02

5 Toda Kogyo Corp 13 –

8 Toei Co Ltd 65 0.01


24 Toho Bank Ltd 87 0.02

1 Toho Co Ltd 13 –


4 Toho Titanium Co Ltd 26 0.01

10 Toho Zinc Co Ltd 39 0.01

5 Tohoku Bank Ltd 7 –

1 Tohokushinsha Film Corp 4 –

17 Tokai Carbon Co Ltd 57 0.01

1 Tokai Corp 45 0.01

7 TOKAI Holdings Corp 44 0.01



1 Token Corp 57 0.01

1 Tokushu Tokai Paper Co Ltd 39 0.01



3 Tokyo Energy & Systems Inc 25 0.01

1 Tokyo Individualized Educational Institute Inc 8 –

11 Tokyo Keiki Inc 21 –


1 Tokyo Rakutenchi Co Ltd 4 –




2 Tokyo Tekko Co Ltd 8 –


20 Tokyotokeiba Co Ltd 49 0.01

10 Tokyu Construction Co Ltd 78 0.02

1 Tomato Bank Ltd 10 –


16 TOMONY Holdings Inc 84 0.02

6 Tomy Co Ltd 61 0.01


Shares (000's)

Value (000's)

USD





5 Toppan Forms Co Ltd 48 0.01

4 Topre Corp 89 0.02

2 Topy Industries Ltd 51 0.01

2 Toridoll Holdings Corp 39 0.01

2 Torii Pharmaceutical Co Ltd 34 0.01

3 Torishima Pump Manufacturing Co Ltd 33 0.01

3 Tosei Corp 23 –

11 Toshiba Machine Co Ltd 42 0.01

5 Toshiba Plant Systems & Services Corp 68 0.01

12 Toshiba TEC Corp 60 0.01

1 Tosho Co Ltd 22 –

7 Tosho Printing Co Ltd 29 0.01

2 Totetsu Kogyo Co Ltd 56 0.01


30 Towa Bank Ltd 29 0.01

2 Towa Corp 21 –

1 Towa Pharmaceutical Co Ltd 36 0.01

8 Toyo Construction Co Ltd 28 0.01

3 Toyo Corp 27 0.01

14 Toyo Engineering Corp 39 0.01


16 Toyo Kanetsu KK 50 0.01



2 Toyo Tanso Co Ltd 25 0.01



2 TPR Co Ltd 57 0.01

1 Trancom Co Ltd 44 0.01

3 Transcosmos Inc 61 0.01

2 Trusco Nakayama Corp 78 0.02


9 TSI Holdings Co Ltd 51 0.01


7 Tsugami Corp 39 0.01

1 Tsukada Global Holdings Inc 4 –

3 Tsukishima Kikai Co Ltd 28 0.01

9 Tsukuba Bank Ltd 28 0.01

6 Tsukui Corp 39 0.01

6 Tsumura & Co 161 0.04

2 Tsurumi Manufacturing Co Ltd 26 0.01


3 TV Asahi Holdings Corp 57 0.01


3 U-Shin Ltd 20 –

23 UACJ Corp 67 0.01


8 Uchida Yoko Co Ltd 32 0.01


4 Ulvac Inc 125 0.03

1 Umenohana Co Ltd 11 –

8 Uniden Holdings Corp 11 –

– Union Tool Co 7 –

4 Unipres Corp 70 0.01

2 United Arrows Ltd 53 0.01

5 United Super Markets Holdings Inc 44 0.01

39 Unitika Ltd 30 0.01

2 Unizo Holdings Co Ltd 46 0.01

15 Usen Corp 44 0.01

11 Ushio Inc 133 0.04

1 UT Group Co Ltd 10 –

– V Technology Co Ltd 42 0.01




Shares (000's)

Value (000's)

USD






9 VT Holdings Co Ltd 46 0.01

2 W-Scope Corp 39 0.01


13 Wacom Co Ltd 34 0.01


3 Wakita & Co Ltd 27 0.01


2 WATAMI Co Ltd 18 –


– Wellnet Corp 2 –

2 West Holdings Corp 14 –

1 Wowow Inc 13 –

3 Xebio Holdings Co Ltd 39 0.01


2 Yamabiko Corp 29 0.01

13 Yamagata Bank Ltd 54 0.01


19 Yamanashi Chuo Bank Ltd 85 0.02



5 Yamazen Corp 42 0.01

2 Yaoko Co Ltd 84 0.02


1 Yellow Hat Ltd 29 0.01

2 Yodogawa Steel Works Ltd 61 0.01

3 Yokogawa Bridge Holdings Corp 37 0.01

4 Yokohama Reito Co Ltd 39 0.01

4 Yomiuri Land Co Ltd 16 –

2 Yondoshi Holdings Inc 56 0.01


2 Yuasa Trading Co Ltd 37 0.01

6 Yumeshin Holdings Co Ltd 36 0.01

5 Yurtec Corp 34 0.01



3 Zenrin Co Ltd 44 0.01


12 Zeon Corp 110 0.02

4 Zojirushi Corp 53 0.01

1 Zuiko Corp 22 –

2 Zuken Inc 21 –

46,532 9.61

Netherlands - 0.74%



2 AMG Advanced Metallurgical Group NV 33 0.01

2 Amsterdam Commodities NV 44 0.01





2 Beter Bed Holding NV 29 0.01






– Flow Traders 11 –

6 Fugro NV 103 0.02



Shares (000's)

Value (000's)

USD




1 Hunter Douglas NV 33 0.01


2 KAS Bank NV 17 –



1 Nederland Apparatenfabriek 25 0.01

4 OCI NV 65 0.01

4 Ordina NV 8 –

43 PostNL NV 213 0.04

3 Refresco Group NV 48 0.01





8 TomTom NV 65 0.01

– Van Lanschot NV 9 –

11 Wessanen 129 0.03

3,567 0.74

New Zealand - 0.60%

74 a2 Milk Co Ltd 129 0.03

58 Air New Zealand Ltd 88 0.02

82 Argosy Property Ltd 61 0.01

4 Briscoe Group Ltd 10 –





14 Freightways Ltd 66 0.01

20 Genesis Energy Ltd 28 0.01

4 Hallenstein Glasson Holdings Ltd 9 –

46 Heartland Bank Ltd 49 0.01

61 Infratil Ltd 121 0.02





14 Metlifecare Ltd 57 0.01

11 New Zealand Oil & Gas Ltd 5 –

18 New Zealand Refining Co Ltd 32 0.01

37 NZME Ltd 14 –

13 NZX Ltd 9 –

28 Port of Tauranga Ltd 74 0.02

124 Precinct Properties New Zealand Ltd 105 0.02

49 Property for Industry Ltd 54 0.01

13 Restaurant Brands New Zealand Ltd 48 0.01


2 Sanford Ltd 9 –





22 Summerset Group Holdings Ltd 76 0.02


9 Tower Ltd 5 –



37 Vector Ltd 82 0.02

13 Warehouse Group Ltd 27 0.01

5 Xero Ltd 68 0.01


2,896 0.60




Shares (000's)

Value (000's)

USD



Norway - 0.45%


1 AF Gruppen ASA 26 0.01


3 Aker ASA 100 0.02

9 Aker BP ASA 149 0.04



7 Atea ASA 60 0.01



1 Bonheur ASA 6 –


7 BW LPG Ltd 22 –


70 DNO ASA 61 0.01

2 Ekornes ASA 25 0.01

8 Entra ASA 83 0.02


4 Frontline Ltd/Bermuda 27 0.01


8 Hexagon Composites ASA 26 0.01




10 Nordic Semiconductor ASA 41 0.01

2 Norwegian Air Shuttle ASA 59 0.01




60 Prosafe SE 2 –

6 Protector Forsikring ASA 47 0.01



3 SpareBank 1 SMN 21 –










7 XXL ASA 84 0.02

2,160 0.45

Portugal - 0.11%

9 Altri SGPS SA 37 0.01



6 CTT-Correios de Portugal SA 37 0.01

4 Mota-Engil SGPS SA 6 –


15 NOS SGPS SA 86 0.01

27 REN - Redes Energeticas Nacionais SGPS SA 74 0.02

4 Semapa-Sociedade de Investimento e Gestao 50 0.01



544 0.11

Singapore - 0.53%



66 AusGroup Ltd 2 –


Shares (000's)

Value (000's)

USD





14 BreadTalk Group Ltd 11 –

15 Bukit Sembawang Estates Ltd 47 0.01



24 Chuan Hup Holdings Ltd 4 –



24 CWT Ltd 33 0.01


19 Delfi Ltd 31 0.01

213 Ezion Holdings Ltd 51 0.01



57 First Resources Ltd 76 0.02

46 Fragrance Group Ltd 5 –


136 Gallant Venture Ltd 11 –

63 GL Ltd 32 0.01






25 Hong Leong Finance Ltd 37 0.01

15 Hotel Grand Central Ltd 14 –

76 Hyflux Ltd 26 0.01


8 Innovalues Ltd 5 –


5 Keppel Telecommunications & Transportation Ltd 6 –


21 M1 Ltd 29 0.01

18 Mandarin Oriental International Ltd 23 0.01

33 Metro Holdings Ltd 23 0.01




5 NSL Ltd 6 –

32 OUE Ltd 40 0.01


58 Pacific Century Regional Developments Ltd 14 –

18 Pan-United Corp Ltd 7 –

23 QAF Ltd 21 0.01

87 Raffles Education Corp Ltd 12 –


35 RHT Health Trust 21 0.01

53 SATS Ltd 179 0.05

10 SBS Transit Ltd 14 –


86 Sembcorp Marine Ltd 84 0.02

35 Sheng Siong Group Ltd 25 0.01

20 SIA Engineering Co Ltd 47 0.01

62 SIIC Environment Holdings Ltd 27 0.01

126 Sinarmas Land Ltd 39 0.01




16 Sunningdale Tech Ltd 12 –

40 Super Group Ltd (Singapore listing) 35 0.01

47 Swiber Holdings Ltd 3 –


103 Tuan Sing Holdings Ltd 20 –




Shares (000's)

Value (000's)

USD




64 UMS Holdings Ltd 27 0.01



39 UOB-Kay Hian Holdings Ltd 35 0.01


34 UPP Holdings Ltd 7 –



27 Wheelock Properties Singapore Ltd 28 0.01

41 Wing Tai Holdings Ltd 46 0.01


2,551 0.53

Spain - 0.87%





13 Amper SA 2 –


7 Atresmedia Corp de Medios de Comunicacion SA 73 0.02


– Baron de Ley 36 0.01


4 Cia de Distribucion Integral Logista Holdings SA 85 0.02






1 Elecnor SA 13 –


2 Euskaltel SA 20 –




16 Grupo Ezentis SA 8 –

– Iberpapel Gestion SA – –

1 Iberpapel Gestion SA 19 –

12 Indra Sistemas SA 127 0.03


2 Laboratorios Farmaceuticos Rovi SA 21 –






3 Nmas1 Dinamia SA 28 0.01




19 Pharma Mar SA 47 0.01

5 Promotora de Informaciones SA 31 0.01


8 Realia Business SA 7 –

29 Sacyr SA 60 0.01

3 Saeta Yield SA 26 0.01







4,225 0.87

Shares (000's)

Value (000's)

USD



Sweden - 1.24%

3 AAK AB 155 0.03

7 Acando AB 19 –

2 AddLife AB 26 0.01

5 AddTech AB 76 0.02

5 AF AB 93 0.02

3 Atrium Ljungberg AB 42 0.01

2 Avanza Bank Holding AB 88 0.02

3 B&B Tools AB 60 0.01



5 Betsson AB 52 0.01

5 Bilia AB 95 0.02

1 BioGaia AB 46 0.01

8 Bonava AB, Shares B 99 0.02

2 Bulten ABEURONEXT NV 23 –



3 Clas Ohlson AB 41 0.01

24 Cloetta AB 76 0.02


4 Concentric AB 46 0.01

5 Dios Fastigheter AB 31 0.01

2 Doro AB 10 –

3 Duni AB 40 0.01



3 Enea AB 24 –

12 Fabege AB 193 0.04



2 Gunnebo AB 7 –

4 Haldex AB 47 0.01


8 Hexpol AB 71 0.01

6 HIQ International AB 37 0.01




4 Inwido AB 41 0.01


8 JM AB 216 0.05

4 KappAhl AB 20 –

46 Klovern AB 47 0.01


4 Lagercrantz Group AB 35 0.01

1 Lifco AB 27 0.01



3 Medivir AB 27 0.01




8 Mycronic AB 78 0.02

7 NCC AB 160 0.03


15 NetEnt AB 108 0.02


2 Nibe Industrier AB 11 –

10 Nobia AB 85 0.02

3 Nolato AB 73 0.02


1 OEM International AB 10 –





Shares (000's)

Value (000's)

USD




3 Oriflame Holding AG 64 0.01

1 Pandox AB 11 –

20 Peab AB 158 0.03


1 Probi AB 39 0.01


21 Ratos AB 88 0.02

2 RaySearch Laboratories AB 38 0.01



6 Sagax AB 49 0.01

11 SAS AB 18 –

4 Scandi Standard AB 25 0.01

37 Sensys Gatso Group AB 6 –


2 SSAB AB 9 –




7 Sweco AB 145 0.03

– Systemair AB 6 –




20 Victoria Park AB 49 0.01

2 Vitrolife AB 76 0.02



5,986 1.24

Switzerland - 1.95%



– Alpiq Holding AG 28 0.01

– ALSO Holding AG 27 0.01

6 ams AG 180 0.04

– APG SGA SA 47 0.01




– Bachem Holding AG 13 –


– Banque Cantonale de Geneve 20 –




– Bell AG 65 0.01

– Berner Kantonalbank AG 81 0.02

1 BKW AG 52 0.01


– Bossard Holding AG 40 0.01



– Burkhalter Holding AG 39 0.01





– Conzzeta AG 74 0.02

1 Daetwyler Holding AG 78 0.02



– Edmond de Rothschild Suisse SA 14 –


Shares (000's)

Value (000's)

USD




– Emmi AG 121 0.02

1 Energiedienst Holding AG 15 –










2 Huber + Suhner AG 90 0.02



– Interroll Holding AG 57 0.01

– Intershop Holding AG 45 0.01

– Jungfraubahn Holding AG 13 –

1 Kardex AG 63 0.01

– Komax Holding AG 115 0.02


– LEM Holding SA 45 0.01






3 Mobilezone Holding AG 40 0.01




1 Orior AG 41 0.01





– Rieter Holding AG 61 0.01



50 Schmolz + Bickenbach AG 32 0.01



– Siegfried Holding AG 88 0.02





– Tamedia AG 39 0.01



1 u-blox Holding AG 99 0.02



– Vaudoise Assurances Holding SA 38 0.01




– VZ Holding AG 91 0.02



– Ypsomed Holding AG 57 0.01






Shares (000's)

Value (000's)

USD




– Zuger Kantonalbank AG 82 0.02

9,435 1.95


2 4imprint Group PLC 34 0.01

15 888 Holdings PLC 37 0.01

11 A.G. Barr PLC 67 0.01

47 AA PLC 157 0.03


3 Acal PLC 8 –



37 AMEC PLC 202 0.04



12 Arrow Global Group PLC 43 0.01




2 Avon Rubber PLC 30 0.01

















36 BTG PLC 260 0.05


10 Cape PLC 19 –


2 Carclo PLC 3 –

19 Card Factory PLC 59 0.01



7 Carr's Group PLC 14 –



1 Charles Stanley Group PLC 5 –







2 CLS Holdings PLC 38 0.01

146 Cobham PLC 299 0.06



25 Connect Group PLC 44 0.01






Shares (000's)

Value (000's)

USD




1 Daejan Holdings PLC 57 0.01



11 De La Rue PLC 76 0.02



22 Devro PLC 39 0.01














26 Essentra PLC 131 0.03




26 Fenner PLC 81 0.02



4 Findel PLC 10 –


8 Flybe Group PLC 4 –




87 G4S PLC 266 0.05


1 Games Workshop Group PLC 8 –



5 Go-Ahead Group PLC 124 0.03










26 Halma PLC 301 0.06

140 Hays PLC 243 0.05











52 ICAP PLC 318 0.07


30 Imagination Technologies Group PLC 84 0.02




Shares (000's)

Value (000's)

USD




24 IMI PLC 295 0.06













8 John Menzies PLC 55 0.01









27 Laird PLC 52 0.01




21 Lonmin PLC 40 0.01







21 McBride PLC 45 0.01








2 MJ Gleeson PLC 12 –











7 OneSavings Bank PLC 29 0.01


6 Oxford Instruments PLC 44 0.01









Shares (000's)

Value (000's)

USD




12 Pets at Home Group Plc 32 0.01


27 Photo-Me International PLC 47 0.01











61 Regus PLC 177 0.04


7 Renold PLC 4 –



5 Ricardo PLC 51 0.01


3 RM PLC 4 –

6 Robert Walters PLC 28 0.01




54 Saga PLC 128 0.03


11 SDL PLC 60 0.01


14 Sepura PLC 4 –


2 Servelec Group PLC 7 –



55 SIG PLC 62 0.01







9 Sports Direct International PLC 34 0.01



19 St Modwen Properties PLC 68 0.01

36 Stagecoach Group PLC 92 0.02

9 SThree PLC 31 0.01


1 Stock Spirits Group PLC 1 –






3 Ted Baker PLC 101 0.02





3 Trifast PLC 7 –







Shares (000's)

Value (000's)

USD






39 UBM PLC 346 0.07


1 UK Mail Group PLC 6 –









4 Volution Group PLC 7 –

1 Vp PLC 8 –




2 Wilmington PLC 7 –

14 Wincanton PLC 39 0.01

1 Wizz Air Holdings Plc 27 0.01


7 Xaar PLC 35 0.01

2 XP Power Ltd 42 0.01

10 Zoopla Property Group PLC 44 0.01

31,054 6.41


2 1-800-Flowers.com Inc 25 0.01

3 1st Source Corp 111 0.02

6 3D Systems Corp 89 0.02



1 A. M. Castle & Co – –

6 AAON Inc 191 0.04

4 AAR Corp 148 0.03


2 Abaxis Inc 90 0.02

7 Abercrombie & Fitch Co 98 0.02




4 Acacia Research Corp 26 0.01


2 Access National Corp 43 0.01


3 Accretive Health Inc 8 –

– Accuray Inc 2 –

3 Aceto Corp 62 0.01


5 Acorda Therapeutics Inc 107 0.02

6 Actua Corp 76 0.02



1 Adams Resources & Energy Inc 37 0.01

1 Addus HomeCare Corp 39 0.01

– Adeptus Health Inc 3 –


1 Advanced Drainage Systems Inc 21 –




16 AECOM 579 0.13

3 Aegion Corp 80 0.02

Shares (000's)

Value (000's)

USD














1 Akebia Therapeutics Inc 6 –

10 Akorn Inc 209 0.04

1 Alamo Group Inc 79 0.02

1 Alaska Communications Systems Group Inc 2 –


3 Albany Molecular Research Inc 47 0.01

8 Alere Inc 337 0.07


1 Alico Inc 27 0.01





– Alliance One International Inc 5 –

1 Allied Motion Technologies Inc 28 0.01




1 Almost Family Inc 53 0.01

8 Alon USA Energy Inc 78 0.02

3 Alpha & Omega Semiconductor Ltd 56 0.01


1 Altisource Portfolio Solutions SA 40 0.01


2 AMAG Pharmaceuticals Inc 55 0.01






1 America's Car-Mart Inc 47 0.01




1 American National Bankshares Inc 28 0.01


2 American Public Education Inc 43 0.01

1 American Railcar Industries Inc 58 0.01

3 American Software Inc 33 0.01


– American Superconductor Corp 1 –

3 American Vanguard Corp 55 0.01




– Ames National Corp 11 –

8 Amicus Therapeutics Inc 45 0.01



1 Ampco-Pittsburgh Corp 17 –

4 Amphastar Pharmaceuticals Inc 76 0.02






Shares (000's)

Value (000's)

USD






– Angie's List Inc 3 –

4 AngioDynamics Inc 69 0.01

2 Anika Therapeutics Inc 88 0.02



10 Apollo Education Group Inc 96 0.02





2 Aralez Pharmaceuticals Inc 11 –

1 Aratana Therapeutics Inc 7 –

6 ARC Document Solutions Inc 26 0.01

1 ArcBest Corp 44 0.01

8 Archrock Inc 104 0.02


2 Argan Inc 96 0.02

1 Argo Group International Holdings Ltd 65 0.01


3 Armstrong Flooring Inc 51 0.01



2 Arrow Financial Corp 69 0.01

1 Artesian Resources Corp 29 0.01

5 Artisan Partners Asset Management Inc 137 0.03







2 Assembly Biosciences Inc 21 –


– Associated Capital Group Inc 11 –






3 Astronics Corp 114 0.02

1 Astronics Corp, Class B 35 0.01

2 athenahealth Inc 194 0.04

4 Atlantic Power Corp 10 –





6 Atwood Oceanics Inc 55 0.01


3 AV Homes Inc 53 0.01

7 Avid Technology Inc 31 0.01




17 AVX Corp 254 0.05

2 Aware Inc 13 –

4 Axcelis Technologies Inc 48 0.01


3 AZZ Inc 189 0.04



Shares (000's)

Value (000's)

USD




6 Babcock & Wilcox Enterprises Inc 88 0.02



1 Baldwin & Lyons Inc 36 0.01

3 Banc of California Inc 47 0.01


4 Bancorp Inc 27 0.01


5 Bank Mutual Corp 48 0.01


1 Bank of Marin Bancorp 44 0.01


3 BankFinancial Corp 49 0.01




1 Bar Harbor Bankshares 30 0.01

6 Barnes & Noble Education Inc 67 0.01

8 Barnes & Noble Inc 102 0.02



– Barrett Business Services Inc 1 –

– Bassett Furniture Industries Inc 13 –

5 Bazaarvoice Inc 27 0.01

– BBX Capital Corp 4 –


6 Beazer Homes USA Inc 76 0.02

1 Bel Fuse Inc 31 0.01









2 Big 5 Sporting Goods Corp 44 0.01



4 Bill Barrett Corp 28 0.01

3 Bio-Rad Laboratories Inc 443 0.09

4 Bio-Techne Corp 397 0.08


1 BioSpecifics Technologies Corp 39 0.01

3 BioTelemetry Inc 58 0.01

3 BJ's Restaurants Inc 100 0.02

– Black Box Corp 8 –







2 Blue Hills Bancorp Inc 36 0.01

1 Blue Nile Inc 56 0.01

2 Bluebird Bio Inc 141 0.03





4 Boingo Wireless Inc 44 0.01

4 Boise Cascade Co 89 0.02





Shares (000's)

Value (000's)

USD




1 Bon-Ton Stores Inc 1 –




2 Bottomline Technologies de Inc 45 0.01



2 Bridge Bancorp Inc 71 0.01

7 Bridgepoint Education Inc 70 0.01



5 Brink's Co 220 0.05


3 Bristow Group Inc 49 0.01








2 Bryn Mawr Bank Corp 72 0.01


2 Bsquare Corp 11 –

3 Buckle Inc 79 0.02


3 Build-A-Bear Workshop Inc 37 0.01






1 Cable One Inc 332 0.07







5 CalAmp Corp 66 0.01


2 Calavo Growers Inc 109 0.02




6 Calix Inc 45 0.01






2 Camden National Corp 82 0.02




2 Capital City Bank Group Inc 38 0.01

4 Capital Senior Living Corp 62 0.01






2 Carmike Cinemas Inc 84 0.02

Shares (000's)

Value (000's)

USD





2 Carriage Services Inc 55 0.01


4 Carrols Restaurant Group Inc 58 0.01


9 Cascade Bancorp 66 0.01

5 Casella Waste Systems Inc 57 0.01


1 Cass Information Systems Inc 82 0.02



3 Cato Corp 89 0.02

1 Cavco Industries Inc 89 0.02


6 CBIZ Inc 74 0.02

3 CDI Corp 19 –

3 CEB Inc 205 0.04

2 CECO Environmental Corp 34 0.01

3 Celadon Group Inc 26 0.01

6 Cempra Inc 40 0.01




2 Central Garden & Pet Co (voting rights) 70 0.01


9 Century Aluminum Co 80 0.02

5 Century Casinos Inc 31 0.01

2 Century Communities Inc 43 0.01

2 CEVA Inc 74 0.02



2 Charter Financial Corp 36 0.01



3 Chefs' Warehouse Inc 39 0.01



4 ChemoCentryx Inc 29 0.01

3 Chemours Co 75 0.02





2 Chesapeake Utilities Corp 110 0.02




4 Chimerix Inc 19 –



– Churchill Downs Inc 56 0.01

2 Chuy's Holdings Inc 58 0.01

12 Ciber Inc 10 –



5 Cincinnati Bell Inc 96 0.02




2 Citi Trends Inc 30 0.01

2 Citizens & Northern Corp 46 0.01

6 Citizens Inc 51 0.01





Shares (000's)

Value (000's)

USD




8 Civeo Corp 16 –

2 Civitas Solutions Inc 30 0.01






1 Clearfield Inc 21 –


3 Clifton Bancorp Inc 52 0.01


6 ClubCorp Holdings Inc 78 0.02

2 CNB Financial Corp 35 0.01


43 Cobalt International Energy Inc 58 0.01

5 CoBiz Financial Inc 74 0.02

1 Coca-Cola Bottling Co Consolidated 125 0.03

7 Coeur Mining Inc 70 0.01





3 Cohu Inc 32 0.01





3 Columbus McKinnon Corp 80 0.02








2 Community Trust Bancorp Inc 79 0.02


1 Computer Programs & Systems Inc 27 0.01






1 Conn's Inc 14 –

1 Connecticut Water Service Inc 73 0.02

4 ConnectOne Bancorp Inc 99 0.02



1 Consolidated-Tomoka Land Co 39 0.01


1 Container Store Group Inc 7 –












2 CorVel Corp 54 0.01

Shares (000's)

Value (000's)

USD





2 Covenant Transportation Group Inc 37 0.01


13 Cowen Group Inc 47 0.01

– CRA International Inc 14 –


2 Craft Brew Alliance Inc 30 0.01

6 Crane Co 417 0.09

3 Crawford & Co, Class A 30 0.01

3 Crawford & Co, Class B 44 0.01

3 Cray Inc 51 0.01


10 Cree Inc 247 0.05

7 Crocs Inc 51 0.01

5 Cross Country Healthcare Inc 68 0.01

4 CryoLife Inc 74 0.02


16 CSRA Inc 520 0.11

– CSS Industries Inc 9 –


2 CTS Corp 35 0.01

2 CU Bancorp 54 0.01


3 CUI Global Inc 16 –


1 Culp Inc 48 0.01




2 Cutera Inc 25 0.01


9 CVR Energy Inc 142 0.03

3 Cynosure Inc 117 0.02



5 Daktronics Inc 54 0.01

16 Dana Inc 264 0.05


2 Datalink Corp 28 0.01




3 Del Frisco's Restaurant Group Inc 45 0.01

3 Del Taco Restaurants Inc 36 0.01





13 Denbury Resources Inc 49 0.01

11 Denny's Corp 138 0.03

6 Depomed Inc 108 0.02



7 Destination XL Group Inc 28 0.01


6 DHI Group Inc 38 0.01

10 DHT Holdings Inc 35 0.01




4 Digi International Inc 48 0.01






Shares (000's)

Value (000's)

USD




4 Dime Community Bancshares Inc 79 0.02



4 Diplomat Pharmacy Inc 53 0.01






3 Donegal Group Inc 43 0.01

3 Donnelley Financial Solutions Inc 50 0.01

6 Dorian LPG Ltd 41 0.01


3 Douglas Dynamics Inc 92 0.02



3 DSP Group Inc 39 0.01


8 DSW Inc 181 0.04

2 DTS Inc 97 0.02

1 Ducommun Inc 30 0.01



1 DXP Enterprises Inc 28 0.01

11 Dyax Corp 12 –





12 EarthLink Holdings Corp 64 0.01


2 Eastman Kodak Co 35 0.01


3 Ebix Inc 169 0.03

3 Echo Global Logistics Inc 83 0.02



– eHealth Inc 5 –


4 El Pollo Loco Holdings Inc 53 0.01




2 EMC Insurance Group Inc 68 0.01


4 EMCORE Corp 24 –

4 Emergent BioSolutions Inc 111 0.02

4 Emergent Capital Inc 6 –



1 Enanta Pharmaceuticals Inc 28 0.01

3 Encore Capital Group Inc 72 0.01


3 Endo International PLC 46 0.01

– Endo International PLC (Canada listing) 4 –





4 EnerSys 344 0.07



3 Ennis Inc 50 0.01

Shares (000's)

Value (000's)

USD




3 Enova International Inc 30 0.01


20 Ensco PLC 196 0.04

6 Ensign Group Inc 122 0.03



3 Entercom Communications Corp 51 0.01


7 Entravision Communications Corp 43 0.01

2 Envestnet Inc 66 0.01


8 Enzo Biochem Inc 54 0.01

5 EP Energy Corp 24 –


1 ePlus Inc 72 0.01

2 Era Group Inc 26 0.01





4 Essendant Inc 78 0.02

4 Essent Group Ltd 117 0.02







3 Everyday Health Inc 35 0.01



1 Exactech Inc 36 0.01

5 Exar Corp 53 0.01


3 Exponent Inc 171 0.04



4 Exterran Corp 78 0.02

7 Extreme Networks Inc 31 0.01

9 Ezcorp Inc 100 0.02

4 Fabrinet 178 0.04


2 FairPoint Communications Inc 35 0.01

– Famous Dave's of America Inc 2 –

2 Farmer Brothers Co 61 0.01

1 Farmers Capital Bank Corp 35 0.01

2 Farmers National Banc Corp 29 0.01

2 FARO Technologies Inc 75 0.02

1 FBL Financial Group Inc 67 0.01


1 Federal Agricultural Mortgage Corp 54 0.01

7 Federal Signal Corp 116 0.02

15 Federal-Mogul Holdings Corp 140 0.03


2 Federated National Holding Co 27 0.01




1 Fidelity & Guaranty Life 33 0.01

5 Fidelity Southern Corp 111 0.02

3 Fiesta Restaurant Group Inc 76 0.02

5 Financial Engines Inc 161 0.03

2 Financial Institutions Inc 62 0.01




Shares (000's)

Value (000's)

USD







3 First Acceptance Corp 4 –


1 First Bancorp Inc 27 0.01

21 First BanCorp/Puerto Rico 123 0.03

2 First Bancorp/Southern Pines NC 48 0.01


1 First Business Financial Services Inc 21 –



2 First Community Bancshares Inc 55 0.01

2 First Connecticut Bancorp Inc 36 0.01

1 First Defiance Financial Corp 60 0.01



1 First Financial Corp/IN 61 0.01







2 First of Long Island Corp 40 0.01



10 Fitbit Inc 81 0.02





1 Flexsteel Industries Inc 44 0.01


4 Flotek Industries Inc 56 0.01


3 Flushing Financial Corp 77 0.02

22 FNB Corp 339 0.07


4 Forestar Group Inc 48 0.01

8 FormFactor Inc 90 0.02

2 Forrester Research Inc 86 0.02

5 Fortress Biotech Inc 11 –




3 Fox Factory Holding Corp 86 0.02

4 Francesca's Holdings Corp 64 0.01

12 Frank's International NV 153 0.03

2 Franklin Covey Co 45 0.01


5 Fred's Inc 52 0.01


1 Frequency Electronics Inc 8 –



1 FRP Holdings Inc 46 0.01

4 FTD Cos Inc 83 0.02



5 FutureFuel Corp 68 0.01



Shares (000's)

Value (000's)

USD




7 Gain Capital Holdings Inc 48 0.01

1 GAMCO Investors Inc 38 0.01



1 Gas Natural Inc 12 –






2 General Cable Corp 47 0.01

4 General Communication Inc 66 0.01







1 Geospace Technologies Corp 15 –

2 German American Bancorp Inc 92 0.02



3 Global Brass & Copper Holdings Inc 77 0.02

5 Global Eagle Entertainment Inc 30 0.01

1 Global Indemnity Ltd 49 0.01


3 Globant SA 104 0.02





3 Gorman-Rupp Co 76 0.02

2 GP Strategies Corp 44 0.01







7 Gray Television Inc 71 0.01



2 Great Southern Bancorp Inc 77 0.02


– Green Brick Partners Inc 4 –



2 Greenbrier Cos Inc 93 0.02

3 Greenhill & Co Inc 81 0.02

3 Greenlight Capital Re Ltd 69 0.01



4 Griffon Corp 96 0.02




4 GTT Communications Inc 92 0.02

2 Guaranty Bancorp 45 0.01

9 Guess? Inc 132 0.03








Shares (000's)

Value (000's)

USD




4 H&E Equipment Services Inc 68 0.01


4 Hackett Group Inc 66 0.01



4 Hallador Energy Co 35 0.01

3 Hallmark Financial Services Inc 36 0.01




4 Hanger Inc 33 0.01




10 Harmonic Inc 45 0.01




3 Haverty Furniture Cos Inc 58 0.01




1 Hawkins Inc 60 0.01

1 Haynes International Inc 64 0.01


1 HCI Group Inc 37 0.01





3 HealthStream Inc 67 0.01

4 Healthways Inc 85 0.02






2 Heidrick & Struggles International Inc 42 0.01



1 Hennessy Advisors Inc 30 0.01


3 Heritage Commerce Corp 39 0.01

3 Heritage Financial Corp 72 0.01

3 Heritage Insurance Holdings Inc 42 0.01

5 Heritage Oaks Bancorp 55 0.01

2 Heritage-Crystal Clean Inc 25 0.01




4 HFF Inc 111 0.02

2 Hibbett Sports Inc 91 0.02





– Hingham Institution for Savings 52 0.01


5 HNI Corp 245 0.05




2 HomeStreet Inc 65 0.01

Shares (000's)

Value (000's)

USD




2 HomeTrust Bancshares Inc 51 0.01




5 Horizon Bancorp 103 0.02

2 Horizon Global Corp 38 0.01







5 HSN Inc 184 0.04



1 Hurco Cos Inc 21 –


1 Hyster-Yale Materials Handling Inc 81 0.02




4 Iconix Brand Group Inc 31 0.01



2 IDT Corp 47 0.01


1 Ignyta Inc 6 –

6 II-VI Inc 178 0.04

9 ILG Inc 165 0.03

5 Impax Laboratories Inc 69 0.01


3 Independence Holding Co 54 0.01

3 Independent Bank Corp 170 0.04

3 Independent Bank Corp/MI 57 0.01


12 Infinera Corp 105 0.02

– Infinity Property & Casualty Corp 21 –

1 Ingles Markets Inc 63 0.01


6 InnerWorkings Inc 53 0.01

2 Innophos Holdings Inc 117 0.02


1 Inogen Inc 66 0.01



3 Installed Building Products Inc 113 0.02

1 Insteel Industries Inc 53 0.01

5 Insys Therapeutics Inc 55 0.01

3 Integer Holdings Corp 78 0.02



3 Inteliquent Inc 77 0.02










1 Intevac Inc 7 –





Shares (000's)

Value (000's)

USD




7 Intralinks Holdings Inc 82 0.02

4 Intrawest Resorts Holdings Inc 74 0.02


4 Invacare Corp 46 0.01

9 InvenSense Inc 66 0.01

1 Inventure Foods Inc 13 –

4 Investment Technology Group Inc 78 0.02


– Investors Title Co 35 0.01

1 ION Geophysical Corp 5 –

9 Ionis Pharmaceuticals Inc 384 0.08


5 Iridium Communications Inc 46 0.01


2 Isle of Capri Casinos Inc 44 0.01



9 ITT Inc 369 0.08

8 Ixia 107 0.02

4 IXYS Corp 47 0.01





2 Jamba Inc 16 –




1 John B Sanfilippo & Son Inc 55 0.01



1 Johnson Outdoors Inc 35 0.01



3 K12 Inc 45 0.01

– Kadant Inc 31 0.01





4 KB Home 69 0.01

14 KBR Inc 231 0.05



5 Kelly Services Inc 91 0.02

4 Kemet Corp 25 0.01




2 Key Tronic Corp 15 –

– KeyCorp – –


2 KEYW Holding Corp 25 0.01

4 Kforce Inc 80 0.02

2 Kimball Electronics Inc 38 0.01

5 Kimball International Inc 82 0.02

8 Kindred Healthcare Inc 56 0.01



6 KLX Inc 231 0.05

2 KMG Chemicals Inc 63 0.01


5 Knoll Inc 135 0.03

Shares (000's)

Value (000's)

USD





1 Kona Grill Inc 15 –

7 Kopin Corp 19 –

2 Koppers Holdings Inc 96 0.02




6 Kratos Defense & Security Solutions Inc 44 0.01



3 KVH Industries Inc 36 0.01


6 La-Z-Boy Inc 149 0.03

18 Ladenburg Thalmann Financial Services Inc 43 0.01

4 Lakeland Bancorp Inc 75 0.02


– Lakeland Industries Inc 4 –


1 Landauer Inc 47 0.01

3 Landec Corp 43 0.01

2 Lands' End Inc 28 0.01


3 Lannett Co Inc 76 0.02

12 Lattice Semiconductor Corp 81 0.02

2 Lawson Products Inc 43 0.01



1 Lee Enterprises Inc 3 –



3 LeMaitre Vascular Inc 61 0.01

1 LendingTree Inc 138 0.03

2 LHC Group Inc 90 0.02

3 Libbey Inc 49 0.01




2 Lifetime Brands Inc 30 0.01

1 Lifeway Foods Inc 8 –

2 Ligand Pharmaceuticals Inc 182 0.04

12 Limelight Networks Inc 26 0.01



1 Lindsay Corp 57 0.01

8 Lionbridge Technologies Inc 40 0.01








8 LivePerson Inc 67 0.01

3 LMI Aerospace Inc 27 0.01


– Loral Space & Communications Inc 2 –



1 LS Starrett Co 13 –


3 LSC Communications Inc 54 0.01

3 LSI Industries Inc 31 0.01

2 Luby's Inc 7 –




Shares (000's)

Value (000's)

USD




2 Lumber Liquidators Holdings Inc 28 0.01



2 Lumos Networks Corp 35 0.01


3 M/I Homes Inc 59 0.01

5 Macatawa Bank Corp 51 0.01

2 MACOM Technology Solutions Holdings Inc 80 0.02




2 MainSource Financial Group Inc 67 0.01

1 Malibu Boats Inc 27 0.01


12 Manitowoc Co Inc 72 0.01





3 Marchex Inc 7 –

2 Marcus & Millichap Inc 61 0.01

1 Marcus Corp 32 0.01

2 Marin Software Inc 5 –

3 Marine Products Corp 36 0.01

3 MarineMax Inc 48 0.01


1 Marlin Business Services Corp 28 0.01





2 Matador Resources Co 63 0.01

2 Materion Corp 83 0.02

3 Matrix Service Co 63 0.01




3 MaxLinear Inc 60 0.01



16 MBIA Inc 164 0.03




17 McEwen Mining Inc 48 0.01






1 Medifast Inc 45 0.01

2 MeetMe Inc 11 –


2 Mercantile Bank Corp 59 0.01

6 Mercer International Inc 58 0.01

1 Merchants Bancshares Inc 29 0.01





4 Meridian Bioscience Inc 68 0.01



Shares (000's)

Value (000's)

USD





– Mesa Laboratories Inc 50 0.01





2 MGP Ingredients Inc 76 0.02




2 Middlesex Water Co 71 0.01


1 MidWestOne Financial Group Inc 40 0.01

2 Miller Industries Inc 48 0.01


3 Mistras Group Inc 73 0.02

1 Mitcham Industries Inc 2 –



8 Modine Manufacturing Co 90 0.02


2 Moelis & Co 72 0.01



4 MoneyGram International Inc 48 0.01

1 Monolithic Power Systems Inc 78 0.02

4 Monotype Imaging Holdings Inc 74 0.02


4 Moog Inc 263 0.05


2 Motorcar Parts of America Inc 44 0.01

1 Movado Group Inc 37 0.01





1 MTS Systems Corp 77 0.02






3 Myers Industries Inc 41 0.01

2 MYR Group Inc 70 0.01

7 Myriad Genetics Inc 115 0.02


1 NACCO Industries Inc 66 0.01

3 Nanometrics Inc 60 0.01



1 National Bankshares Inc 32 0.01


7 National CineMedia Inc 100 0.02





1 National Presto Industries Inc 55 0.01

2 National Research Corp 27 0.01

– National Western Life Group Inc 105 0.02

8 Nationstar Mortgage Holdings Inc 127 0.03

2 Natural Gas Services Group Inc 43 0.01





Shares (000's)

Value (000's)

USD





4 Natus Medical Inc 142 0.03

3 Nautilus Inc 46 0.01





4 NCI Building Systems Inc 70 0.01

1 NCI Inc 14 –

10 NCR Corp 396 0.08




4 NeoGenomics Inc 35 0.01

5 NeoPhotonics Corp 70 0.01



7 Neurocrine Biosciences Inc 336 0.07

3 NeuStar Inc 69 0.01


3 New Media Investment Group Inc 48 0.01



1 NewMarket Corp 367 0.08

10 Newpark Resources Inc 76 0.02

5 NewStar Financial Inc 41 0.01


6 NIC Inc 155 0.03

1 Nicholas Financial Inc 8 –

5 NL Industries Inc 32 0.01

6 NMI Holdings Inc 49 0.01

2 NN Inc 33 0.01



4 Nordic American Tankers Ltd 37 0.01


– Northern Oil and Gas Inc – –








4 Novanta Inc 86 0.02

6 NOW Inc 133 0.03


3 NRG Yield Inc, Class A 48 0.01

7 NRG Yield Inc, Class C 103 0.02





2 Nutrisystem Inc 90 0.02



– NV5 Global Inc 18 –

1 NVE Corp 33 0.01



4 OceanFirst Financial Corp 84 0.02

7 Oclaro Inc 64 0.01

6 Ocwen Financial Corp 33 0.01

Shares (000's)

Value (000's)

USD





4 OFG Bancorp 51 0.01


1 Oil-Dri Corp of America 28 0.01

1 Old Line Bancshares Inc 16 –




15 Olin Corp 393 0.08

5 Ollie's Bargain Outlet Holdings Inc 143 0.03

– Olympic Steel Inc 10 –


1 Omega Flex Inc 33 0.01

2 Omega Protein Corp 36 0.01


6 OMNOVA Solutions Inc 57 0.01




3 OneBeacon Insurance Group Ltd 39 0.01


1 Oppenheimer Holdings Inc 26 0.01

4 Opus Bank 96 0.02

3 OraSure Technologies Inc 27 0.01

8 ORBCOMM Inc 70 0.01

1 Orchids Paper Products Co 28 0.01

3 Orion Group Holdings Inc 33 0.01

4 Oritani Financial Corp 69 0.01

1 Ormat Technologies Inc (Israel listing) 68 0.01



2 Orthofix International NV 72 0.01








2 Pacific Continental Corp 47 0.01






2 Panhandle Oil and Gas Inc 48 0.01


4 Par Pacific Holdings Inc 61 0.01


2 Park Electrochemical Corp 40 0.01


5 Park Sterling Corp 50 0.01

1 Park-Ohio Holdings Corp 51 0.01

14 Parker Drilling Co 29 0.01













Shares (000's)

Value (000's)

USD




2 PC Connection Inc 66 0.01

1 PC-Tel Inc 7 –

1 PCM Inc 17 –


3 PDF Solutions Inc 72 0.01


1 Peapack Gladstone Financial Corp 31 0.01



5 Penn National Gaming Inc 62 0.01

1 Penns Woods Bancorp Inc 36 0.01

2 PennyMac Financial Services Inc 36 0.01



2 Peoples Bancorp Inc 49 0.01

1 Peoples Financial Services Corp 35 0.01

2 Perceptron Inc 12 –

3 Perficient Inc 54 0.01


2 Perry Ellis International Inc 44 0.01

1 PetMed Express Inc 18 –

1 PFSweb Inc 10 –

5 PGT Inc 57 0.01


3 PharMerica Corp 77 0.02

5 PHH Corp 76 0.02

1 PHI Inc 22 –

2 Phibro Animal Health Corp 42 0.01

5 Photronics Inc 48 0.01


9 Pier 1 Imports Inc 49 0.01

6 Pinnacle Entertainment Inc 79 0.02


7 Pioneer Energy Services Corp 36 0.01

– Piper Jaffray Cos 31 0.01



8 Planet Payment Inc 34 0.01








2 Popeyes Louisiana Kitchen Inc 122 0.03




– Potbelly Corp 5 –

1 Powell Industries Inc 46 0.01


1 Power Solutions International Inc 8 –



2 Preferred Bank 69 0.01

1 Preformed Line Products Co 28 0.01



1 PRGX Global Inc 6 –



2 Primo Water Corp 28 0.01

Shares (000's)

Value (000's)

USD




5 Primoris Services Corp 117 0.02




3 Proofpoint Inc 234 0.05


2 Proto Labs Inc 94 0.02

2 Providence Service Corp 61 0.01

– Provident Financial Holdings Inc 8 –



10 PTC Inc 475 0.10

2 Pzena Investment Management Inc 16 –

2 QAD Inc 57 0.01

1 QCR Holdings Inc 43 0.01




6 Quality Systems Inc 78 0.02

3 Qualys Inc 96 0.02



3 Quidel Corp 78 0.02


1 Qumu Corp 1 –


9 Quotient Technology Inc 117 0.02



4 RadNet Inc 27 0.01



4 Rayonier Advanced Materials Inc 57 0.01


1 RCI Hospitality Holdings Inc 12 –

2 RE/MAX Holdings Inc 93 0.02

2 Reading International Inc 28 0.01





2 Red Robin Gourmet Burgers Inc 78 0.02



2 Regional Management Corp 49 0.01

5 Regis Corp 68 0.01

1 Reis Inc 27 0.01




5 Renewable Energy Group Inc 46 0.01

5 Rent-A-Center Inc 62 0.01

– Rentech Inc – –

3 Repligen Corp 90 0.02

2 Republic Bancorp Inc 74 0.02

10 Resolute Forest Products Inc 45 0.01

4 Resources Connection Inc 60 0.01

4 Restoration Hardware Holdings Inc 138 0.03

3 RetailMeNot Inc 28 0.01

2 Retrophin Inc 33 0.01


1 REX American Resources Corp 59 0.01





Shares (000's)

Value (000's)

USD





1 Richardson Electronics Ltd 5 –

13 Rigel Pharmaceuticals Inc 35 0.01

1 Rightside Group Ltd 12 –

2 RigNet Inc 34 0.01

3 Ring Energy Inc 41 0.01

5 RLI Corp 276 0.06

1 RMR Group Inc 30 0.01

4 Roadrunner Transportation Systems Inc 40 0.01


1 Rocky Brands Inc 12 –


2 Rosetta Stone Inc 19 –



22 RPC Inc 451 0.09

6 RPX Corp 62 0.01




6 Rubicon Project Inc 44 0.01



3 Rush Enterprises Inc, Class A 89 0.02

4 Ruth's Hospitality Group Inc 64 0.01






– Saga Communications Inc 14 –

2 Saia Inc 97 0.02







3 ScanSource Inc 99 0.02




6 SciClone Pharmaceuticals Inc 58 0.01


17 Scorpio Tankers Inc 72 0.01

5 Scotts Miracle-Gro Co 464 0.10




2 SEACOR Holdings Inc 110 0.02


1 SeaSpine Holdings Corp 7 –



5 Select Comfort Corp 116 0.02





1 Seneca Foods Corp 34 0.01




Shares (000's)

Value (000's)

USD




7 ServiceSource International Inc 44 0.01




8 Ship Finance International Ltd 113 0.02

2 Shoe Carnival Inc 45 0.01


4 ShoreTel Inc 30 0.01


3 Shutterstock Inc 125 0.03


2 Sierra Bancorp 38 0.01

– SIFCO Industries Inc 3 –

4 Sigma Designs Inc 28 0.01



3 Silver Spring Networks Inc 41 0.01





2 SJW Group 106 0.02



45 SLM Corp 449 0.09


1 Smart & Final Stores Inc 15 –



4 Sonic Automotive Inc 79 0.02

5 Sonic Corp 126 0.03


6 Sonus Networks Inc 36 0.01





3 Southside Bancshares Inc 99 0.02

2 Southwest Bancorp Inc 43 0.01



2 SP Plus Corp 56 0.01



1 Sparton Corp 22 –





3 Spok Holdings Inc 50 0.01

4 Sportsman's Warehouse Holdings Inc 37 0.01


4 SPX Corp 88 0.02


8 St Joe Co 168 0.03


2 Stamps.com Inc 188 0.04



1 StarTek Inc 8 –

9 Starz 307 0.06


3 State Bank Financial Corp 81 0.02




Shares (000's)

Value (000's)

USD




2 State National Cos Inc 25 0.01










2 Stock Yards Bancorp Inc 92 0.02

– Stonegate Bank 2 –

2 Stoneridge Inc 34 0.01

2 Stratasys Ltd 41 0.01


1 Strayer Education Inc 79 0.02

2 Sturm Ruger & Co Inc 95 0.02

2 Sucampo Pharmaceuticals Inc 31 0.01

2 Suffolk Bancorp 70 0.01

2 Sun Bancorp Inc 49 0.01



13 SunPower Corp 88 0.02



2 Superior Industries International Inc 57 0.01

1 Superior Uniform Group Inc 26 0.01

4 Supernus Pharmaceuticals Inc 86 0.02


3 Supreme Industries Inc 40 0.01


2 SurModics Inc 39 0.01



1 Synalloy Corp 11 –







4 Systemax Inc 31 0.01

4 Tableau Software Inc 179 0.04

1 Tailored Brands Inc 26 0.01

8 Take-Two Interactive Software Inc 402 0.08


1 Tangoe Inc 9 –

– Taro Pharmaceutical Industries Ltd 51 0.01

5 TASER International Inc 124 0.03

3 Taylor Morrison Home Corp 68 0.01


7 Team Health Holdings Inc 288 0.06

3 Team Inc 96 0.02



6 Teekay Corp 50 0.01

13 Teekay Tankers Ltd 29 0.01

18 TEGNA Inc 396 0.08

2 Tejon Ranch Co 44 0.01


4 Telenav Inc 25 0.01



Shares (000's)

Value (000's)

USD











1 Territorial Bancorp Inc 27 0.01


3 Tesco Corp 24 –

1 Tesla Motors Inc 185 0.04




6 TETRA Technologies Inc 35 0.01



4 Textainer Group Holdings Ltd 35 0.01


2 Theravance Biopharma Inc 42 0.01

3 Thermon Group Holdings Inc 51 0.01



2 Tile Shop Holdings Inc 46 0.01

2 Tilly's Inc 24 –

11 Time Inc 172 0.04



3 Tiptree Financial Inc 22 –

3 Titan International Inc 38 0.01

1 Titan Machinery Inc 8 –

13 TiVo Corp 261 0.05





11 Toro Co 586 0.13

2 Tower International Inc 57 0.01


4 TransEnterix Inc 6 –



– Travelzoo Inc 5 –

4 TRC Cos Inc 35 0.01

2 Trecora Resources 26 0.01





2 TriCo Bancshares 59 0.01





3 Triple-S Management Corp 58 0.01

2 TriState Capital Holdings Inc 45 0.01

3 Triton International Ltd/Bermuda 63 0.01


5 Tronox Ltd 61 0.01


10 TrustCo Bank Corp NY 80 0.02






Shares (000's)

Value (000's)

USD










1 UFP Technologies Inc 28 0.01

3 Ultra Clean Holdings Inc 29 0.01

2 Ultratech Inc 54 0.01



1 Unifi Inc 34 0.01



5 Unisys Corp 69 0.01

4 Unit Corp 93 0.02



6 United Community Financial Corp 50 0.01

6 United Financial Bancorp Inc 97 0.02


2 United Insurance Holdings Corp 27 0.01


5 United States Cellular Corp 200 0.04

1 United States Lime & Minerals Inc 50 0.01



2 Unitil Corp 68 0.01


8 Universal American Corp 79 0.02


3 Universal Display Corp 189 0.04

1 Universal Electronics Inc 96 0.02



2 Universal Logistics Holdings Inc 35 0.01

– Universal Stainless & Alloy Products Inc 5 –


3 Univest Corp of Pennsylvania 76 0.02


1 US Concrete Inc 82 0.02


1 US Physical Therapy Inc 78 0.02




15 USG Corp 421 0.09

– Utah Medical Products Inc 28 0.01






3 VASCO Data Security International Inc 48 0.01

2 Vascular Solutions Inc 92 0.02

7 VCA Inc 408 0.08






3 Vera Bradley Inc 44 0.01


Shares (000's)

Value (000's)

USD





2 Veritiv Corp 79 0.02

2 Viad Corp 74 0.02



2 Vicor Corp 24 –

1 Village Super Market Inc 42 0.01


– Virgin America Inc 25 0.01


3 Virtusa Corp 62 0.01





3 Vitamin Shoppe Inc 73 0.02

3 Volt Information Sciences Inc 16 –



1 VSE Corp 29 0.01

12 VWR Corp 315 0.07


– WABCO Holdings Inc 1 –

5 Waddell & Reed Financial Inc 107 0.02

3 Walker & Dunlop Inc 97 0.02



3 Waterstone Financial Inc 57 0.01



3 WCI Communities Inc 75 0.02

1 WD-40 Co 148 0.03


2 Web.com Group Inc 34 0.01






29 Wendy's Co 369 0.08





2 West Bancorporation Inc 38 0.01




2 Westamerica Bancorporation 146 0.03





1 Westwood Holdings Group Inc 41 0.01

4 WEX Inc 399 0.08



1 White Mountains Insurance Group Ltd 462 0.10



3 William Lyon Homes 63 0.01

7 Williams-Sonoma Inc 402 0.08

– Winmark Corp 39 0.01




Shares (000's)

Value (000's)

USD




2 Winnebago Industries Inc 72 0.01


12 WisdomTree Investments Inc 135 0.03



– World Acceptance Corp 23 –


3 World Wrestling Entertainment Inc 54 0.01





5 Xcerra Corp 31 0.01

3 Xencor Inc 81 0.02


2 XO Group Inc 41 0.01



1 York Water Co 51 0.01

4 YRC Worldwide Inc 49 0.01

– Zafgen Inc 1 –

5 ZAGG Inc 33 0.01


1 Zedge Inc 3 –



3 Zix Corp 12 –


66 Zynga Inc 189 0.04

256,960 53.07


Preferred Stock

Germany - 0.17%






1 Sixt SE 54 0.01

– STO SE & Co KGaA 32 0.01

2 Villeroy & Boch AG 29 0.01

809 0.17



Australia - 0.24%


31 Abacus Property Group 67 0.01

18 ALE Property Group 56 0.01

31 Arena REIT 41 0.01

2 Aspen Group 2 –

6 Astro Japan Property Group 31 0.01

54 BWP Trust 115 0.02


32 Charter Hall Retail REIT 102 0.02

132 Cromwell Property Group 89 0.02

21 Folkestone Education Trust 38 0.01

65 GDI Property Group 48 0.01

23 Generation Healthcare REIT 30 0.01

19 Growthpoint Properties Australia Ltd 44 0.01

Shares (000's)

Value (000's)

USD




12 Hotel Property Investments 24 0.01

11 Ingenia Communities Group 22 0.01


76 Shopping Centres Australasia Property Group 118 0.02

1,146 0.24

Belgium - 0.16%





2 Intervest Offices & Warehouses NV 49 0.01


1 Montea SCA 19 –

1 Retail Estates NV 76 0.02


– Wereldhave Belgium NV 41 0.01

799 0.16

Canada - 0.18%


6 Artis Real Estate Investment Trust 55 0.01

2 Boardwalk Real Estate Investment Trust 69 0.01


1 Canadian Apartment Properties REIT 18 –


9 Cominar Real Estate Investment Trust 91 0.02

4 Crombie Real Estate Investment Trust 42 0.01

2 CT Real Estate Investment Trust 21 0.01

6 Dream Global Real Estate Investment Trust 44 0.01

4 Dream Office Real Estate Investment Trust 61 0.01



5 Killam Apartment Real Estate Investment Trust 43 0.01

3 Morguard Real Estate Investment Trust 36 0.01

2 Northview Apartment Real Estate Investment Trust 27 0.01

1 NorthWest Healthcare Properties Real Estate Investment Trust 4 –

6 OneREIT 17 –


12 Pure Industrial Real Estate Trust 47 0.01

885 0.18

France - 0.12%

1 Affine SA 13 –

1 Altarea SCA 94 0.02

– ANF Immobilier 6 –

1 Argan SA 16 –


3 ICADE 212 0.05


578 0.12

Germany - 0.04%


8 Hamborner REIT AG 71 0.01

216 0.04

Hong Kong - 0.11%



161 Prosperity REIT 66 0.01

103 Regal Real Estate Investment Trust 28 0.01

138 Sunlight Real Estate Investment Trust 82 0.02

527 0.11




Shares (000's)

Value (000's)

USD



Ireland - 0.02%


34 Hibernia REIT PLC 42 0.01

12 Irish Residential Properties REIT 15 –

77 0.02

Italy - 0.02%


32 Immobiliare Grande Distribuzione SIIQ SpA 21 0.01

85 0.02

Japan - 0.47%

– AEON REIT Investment Corp 93 0.02

– Comforia Residential REIT Inc 82 0.02

– Fukuoka REIT Corp 110 0.02

– Global One Real Estate Investment Corp 89 0.02

– Hankyu Reit Inc 80 0.02

– Heiwa Real Estate REIT Inc 61 0.01

– Hoshino Resorts REIT Inc 53 0.01

– Ichigo Office REIT Investment 69 0.01





1 Japan Rental Housing Investments Inc 102 0.02

– Kenedix Residential Investment Corp 79 0.02

– Kenedix Retail REIT Corp 72 0.02

– MCUBS MidCity Investment Corp 84 0.02


– Nippon REIT Investment Corp 98 0.02


– Sekisui House REIT Inc 92 0.02

– Sekisui House SI Residential Investment Corp 104 0.02


– Tokyu REIT Inc 117 0.02

2,300 0.47

Netherlands - 0.10%


13 NSI NV 49 0.01



487 0.10

New Zealand - 0.03%


29 Stride Property Group 38 0.01

31 Vital Healthcare Property Trust 45 0.01

171 0.03

Singapore - 0.38%

48 AIMS AMP Capital Industrial REIT 43 0.01

59 Ascendas Hospitality Trust 29 0.01

91 Ascott Residence Trust 72 0.01

71 Cache Logistics Trust 40 0.01

138 Cambridge Industrial Trust 52 0.01


58 CapitaLand Retail China Trust 56 0.01

67 CDL Hospitality Trusts 62 0.01

83 Far East Hospitality Trust 34 0.01

44 First Real Estate Investment Trust 39 0.01

61 Frasers Centrepoint Trust 83 0.02

70 Frasers Commercial Trust 62 0.01

71 Keppel DC REIT 61 0.01


153 Lippo Malls Indonesia Retail Trust 41 0.01


Shares (000's)

Value (000's)

USD






177 Mapletree Logistics Trust 125 0.03

57 OUE Hospitality Trust 26 0.01

37 Parkway Life Real Estate Investment Trust 63 0.01 53

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust 19 –


40 SPH REIT 27 0.01

140 Starhill Global REIT 73 0.02


1,821 0.38

Spain - 0.08%


382 0.08


142 Assura PLC 102 0.02


51 Capital & Regional PLC 35 0.01






68 Primary Health Properties PLC 95 0.02

147 Redefine International PLC 67 0.02

20 Safestore Holdings PLC 87 0.02

41 Schroder Real Estate Investment Trust Ltd 30 0.01

76 Segro PLC 398 0.08


2 Town Centre Securities PLC 8 –


2,113 0.44




1 Alexander's Inc 218 0.04




4 Ashford Hospitality Prime Inc 46 0.01

11 Ashford Hospitality Trust Inc 80 0.02




6 CareTrust REIT Inc 85 0.02


10 Cedar Realty Trust Inc 66 0.01

3 Chatham Lodging Trust 56 0.01








11 CubeSmart 282 0.06









Shares (000's)

Value (000's)

USD




4 Easterly Government Properties Inc 70 0.01







15 FelCor Lodging Trust Inc 110 0.02


6 First Potomac Realty Trust 59 0.01

6 Four Corners Property Trust Inc 119 0.02

10 Franklin Street Properties Corp 127 0.03

4 Getty Realty Corp 96 0.02

3 Gladstone Commercial Corp 50 0.01

5 Global Net Lease Inc 39 0.01





5 Hersha Hospitality Trust 100 0.02




5 Independence Realty Trust Inc 39 0.01

15 Investors Real Estate Trust 92 0.02







9 Mack-Cali Realty Corp 234 0.05


7 Monmouth Real Estate Investment Corp 106 0.02



4 National Storage Affiliates Trust 77 0.02

10 New Senior Investment Group Inc 97 0.02


1 NexPoint Residential Trust Inc 30 0.01

5 NorthStar Realty Europe Corp 57 0.01

2 One Liberty Properties Inc 39 0.01

2 Outfront Media Inc 40 0.01


5 Parkway Inc 93 0.02








8 Ramco-Gershenson Properties Trust 145 0.03










1 Seritage Growth Properties 72 0.01

Shares (000's)

Value (000's)

USD




3 Silver Bay Realty Trust Corp 56 0.01

1 Spirit Realty Capital Inc 6 –










3 UMH Properties Inc 36 0.01

1 Universal Health Realty Income Trust 75 0.02


3 Urstadt Biddle Properties Inc 59 0.01







Rights

Canada – 0.00%

1 Yamana Gold Inc – –

– –

Italy - 0.00%



– –


7 Community Health Systems Inc – –

– Overstock.com Inc – –

– –

Total Rights - 0.00% (30 November 2015: 0.00%) – –

Warrants



– –



Cash and Cash Equivalents – 0.53% (30 November 2015: 0.31%) 2,590 0.53 Liabilities in Excess of Other Assets – (0.32)% (30 November 2015: (0.25)%) (1,556) (0.32)


- Amounts designated as “–“ are either $0, less than $500 or less than 500 shares.





Transferable securities admitted to an official exchange listing 94.49 Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 0.00

Current Assets 5.51

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Investment Funds

Ireland - 17.36% 1,593

Dimensional Funds plc - Global Small Companies Fund - USD Distributing Class 16,550 17.36

16,550 17.36

Total Investment Funds – 17.36% (30 November 2015: 16.09%) 16,550 17.36

Common Stock

Australia - 1.67%

4 Amcor Ltd 39 0.04

15 AMP Ltd 51 0.05

4 APA Group 21 0.02


5 Australia & New Zealand Banking Group Ltd 100 0.10




3 Coca-Cola Amatil Ltd 22 0.02

– Cochlear Ltd 16 0.02

4 Commonwealth Bank of Australia 210 0.22


1 CSL Ltd 45 0.05

7 Duet Group 12 0.01





1 Macquarie Group Ltd 72 0.08



9 National Australia Bank Ltd 199 0.21


1 Orica Ltd 18 0.02

1 Orora Ltd 3 –

1 Primary Health Care Ltd 3 –


– Ramsay Health Care Ltd 11 0.01

– REA Group Ltd 13 0.01

2 Seek Ltd 25 0.03






2 TPG Telecom Ltd 9 0.01




10 Westpac Banking Corp 221 0.23

– WorleyParsons Ltd 2 –

1,596 1.67

Austria - 0.02%

– Andritz AG 10 0.01


20 0.02

Belgium - 0.26%

1 Ageas 47 0.05

– bpost SA 10 0.01



– Ontex Group NV 9 0.01

Shares (000's)

Value (000's)

USD





– Telenet Group Holding NV 20 0.02

– UCB SA 23 0.02


252 0.26

Canada - 2.44%


– Agrium Inc 42 0.04

1 Alimentation Couche-Tard Inc 24 0.03

1 Bank of Montreal 98 0.10

2 Bank of Nova Scotia 126 0.13


1 BCE Inc 23 0.02



3 CAE Inc 41 0.04


1 Canadian Imperial Bank of Commerce 77 0.08

– Canadian Tire Corp Ltd 44 0.05

– Canadian Western Bank 6 0.01

– CCL Industries Inc 35 0.04




– Constellation Software Inc 47 0.05


1 Cott Corp 8 0.01


– DH Corp 6 0.01

– Dollarama Inc 30 0.03

– Dorel Industries Inc 8 0.01



2 Enbridge Inc 103 0.11

– Enbridge Income Fund Holdings Inc 2 –

– Ensign Energy Services Inc 2 –

– Fairfax Financial Holdings Ltd 48 0.05




– George Weston Ltd 24 0.03


1 Great-West Lifeco Inc 16 0.02

– Home Capital Group Inc 6 0.01

1 IAMGOLD Corp 4 –


1 Industrial Alliance Insurance & Financial Services Inc 40 0.04

– Intact Financial Corp 22 0.02

– Inter Pipeline Ltd 8 0.01

– Keyera Corp – –


– Linamar Corp 12 0.01




1 Metro Inc 18 0.02



1 New Gold Inc 3 –




Shares (000's)

Value (000's)

USD











4 Royal Bank of Canada (Canada listing) 242 0.25

– Royal Bank of Canada (US listing) 10 0.01


– Sears Canada Inc – –


– ShawCor Ltd 5 0.01




– Stantec Inc 11 0.01



4 Toronto-Dominion Bank 173 0.18



– Waste Connections Inc 23 0.02

– West Fraser Timber Co Ltd 7 0.01

– Westshore Terminals Investment Corp 8 0.01



2,328 2.44

Denmark - 0.70%

– Carlsberg AS 17 0.02


– Coloplast AS 16 0.02


– FLSmidth & Co AS 10 0.01

– Genmab AS 22 0.02


– H Lundbeck AS 11 0.01

1 ISS AS 30 0.03

– Jyske Bank AS 19 0.02

6 Novo Nordisk AS 192 0.21



– SimCorp AS 9 0.01

3 TDC AS 18 0.02

– Topdanmark AS 1 –

1 Tryg AS 18 0.02



670 0.70

Finland - 0.41%


– Cargotec Oyj 10 0.01

1 Elisa Oyj 17 0.02


– Kesko Oyj 16 0.02

1 Kone Oyj 50 0.05

1 Neste Oyj 36 0.04

14 Nokia Oyj 58 0.06

– Orion Oyj 14 0.01


1 Sampo Oyj 52 0.06


Shares (000's)

Value (000's)

USD




– Valmet Oyj 2 –


395 0.41

France - 2.93%

– Aeroports de Paris 9 0.01

2 Airbus Group SE 99 0.10

1 Alstom SA 14 0.01

– Alten SA 11 0.01

– Arkema SA 18 0.02

1 Atos SE 86 0.09

5 AXA SA 127 0.13

– Bollore SA – –


2 Bollore SA 7 0.01



– Capgemini SA 35 0.04


– Casino Guichard Perrachon SA 14 0.01

– Christian Dior SE 37 0.04



1 Danone SA 70 0.07


2 Edenred 33 0.03

– Eiffage SA 19 0.02




– Faurecia 9 0.01


– Hermes International 21 0.02

– Iliad SA 21 0.02

– Ingenico Group SA 23 0.02

– JCDecaux SA 8 0.01

– Kering 25 0.03

1 L'Oreal SA 121 0.13

– Lagardere SCA 11 0.01


1 LVMH Moet Hennessy Louis Vuitton SE 137 0.14


– Nexity SA 18 0.02

6 Orange SA 83 0.09

– Pernod Ricard SA 32 0.03




2 Rexel SA 24 0.03

– Rubis SCA 16 0.02

1 Safran SA 44 0.05

2 Sanofi 196 0.21


2 SCOR SE 50 0.05

1 SES SA 18 0.02

– SFR Group SA 10 0.01

– Societe BIC SA 13 0.01


– Sodexo SA 48 0.05

1 Suez 16 0.02


– Teleperformance 12 0.01


– Thales SA 47 0.05




Shares (000's)

Value (000's)

USD




– Ubisoft Entertainment SA 10 0.01

1 Valeo SA 47 0.05


1 Vinci SA 84 0.09



2,788 2.93

Germany - 2.45%

– Aareal Bank AG 2 –

1 adidas AG 109 0.11


– Aurubis AG 14 0.01

– Axel Springer SE 14 0.01

3 BASF SE 239 0.25


– Beiersdorf AG 28 0.03

– Bilfinger SE 2 –



– Continental AG 14 0.01

4 Daimler AG 235 0.26



– Deutsche EuroShop AG 10 0.01

2 Deutsche Post AG 60 0.06


– Dialog Semiconductor PLC 16 0.02

– Duerr AG 20 0.02

5 E.ON SE 36 0.04


1 Fresenius SE & Co KGaA 96 0.10


– Hannover Rueck SE 15 0.02

– Henkel AG & Co KGaA 19 0.02

– Hugo Boss AG 11 0.01

1 K+S AG 16 0.02

– KION Group AG 24 0.03

– Krones AG 17 0.02

– Lanxess AG 9 0.01

– MAN SE 10 0.01

– Merck KGaA 22 0.02

2 Metro AG 45 0.05

– MTU Aero Engines AG 18 0.02

– Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 75 0.08

– OSRAM Licht AG 9 0.01


– RTL Group SA 8 0.01

2 SAP SE 133 0.14

2 Siemens AG 201 0.21

– Stada Arzneimittel AG 14 0.01


– Talanx AG 10 0.01



1 Uniper SE 7 0.01

– United Internet AG 11 0.01


– Zalando SE 11 0.01

2,334 2.45

Hong Kong - 0.64%

22 AIA Group Ltd 136 0.15


Shares (000's)

Value (000's)

USD





3 CK Hutchison Holdings Ltd 41 0.04


4 Global Brands Group Holding Ltd 1 –







1 Kerry Logistics Network Ltd 1 –



60 Li & Fung Ltd 26 0.03



17 PCCW Ltd 10 0.01




– VTech Holdings Ltd 4 –



607 0.64

Ireland - 0.17%

– Adient PLC 6 0.01


1 CRH PLC 31 0.03


– Kerry Group PLC 29 0.03


– Paddy Power Betfair PLC 14 0.01


160 0.17

Israel - 0.09%

6 Bezeq The Israeli Telecommunication Corp Ltd 11 0.01

– Elbit Systems Ltd 15 0.02

– Israel Chemicals Ltd 1 –

– Nice Ltd 12 0.01

1 Teva Pharmaceutical Industries Ltd 49 0.05

88 0.09

Italy - 0.63%



10 Banca Popolare di Milano Scarl 3 –


2 Banco Popolare SC 4 –

1 BPER Banca 5 0.01

– Cairo Communication SpA – –


– Ferrari NV 19 0.02



2 Italgas SpA 5 0.01

2 Leonardo-Finmeccanica SpA 26 0.03

– Luxottica Group SpA 23 0.02


38 Saipem SpA 17 0.02

8 Snam SpA 29 0.03







Shares (000's)

Value (000's)

USD



taly - 0.63% (continued)


2 Unione di Banche Italiane SpA 4 –



602 0.63

Japan - 7.73%


4 Aeon Co Ltd 60 0.06






– Aoyama Trading Co Ltd 14 0.01






– Azbil Corp 3 –



– Benesse Holdings Inc 5 0.01



2 Canon Inc 61 0.06


– Central Japan Railway Co 50 0.05



– Chugai Pharmaceutical Co Ltd 11 0.01


– Coca-Cola West Co Ltd 6 0.01









– Daikin Industries Ltd 38 0.04

– Daito Trust Construction Co Ltd 47 0.05





1 DIC Corp 16 0.02

– Disco Corp 12 0.01

– Don Quijote Holdings Co Ltd 12 0.01




– Eisai Co Ltd 12 0.01

– FANUC Corp 51 0.05

– Fast Retailing Co Ltd 70 0.07



– FUJIFILM Holdings Corp 15 0.02



1 Glory Ltd 20 0.02


Shares (000's)

Value (000's)

USD






1 Hakuhodo DY Holdings Inc 11 0.01




– Hirose Electric Co Ltd 13 0.01


– Hisamitsu Pharmaceutical Co Inc 19 0.02


– Hitachi High-Technologies Corp 16 0.02

13 Hitachi Ltd 71 0.07


4 Honda Motor Co Ltd 104 0.11

– Hoshizaki Corp 26 0.03

2 Hulic Co Ltd 20 0.02

14 IHI Corp 40 0.04




1 Ito En Ltd 23 0.02





1 JGC Corp 17 0.02

1 JSR Corp 16 0.02




1 Kakaku.com Inc 13 0.01




1 Kao Corp 42 0.04


4 KDDI Corp 115 0.12



2 Keio Corp 16 0.02

1 Keisei Electric Railway Co Ltd 12 0.01

– Kewpie Corp 2 –

– Keyence Corp 69 0.08

1 Kikkoman Corp 31 0.03




– Koito Manufacturing Co Ltd 21 0.02




– Kose Corp 24 0.03



– Kurita Water Industries Ltd 4 –




– M3 Inc 10 0.01

– Makita Corp 21 0.02







Shares (000's)

Value (000's)

USD





– MEIJI Holdings Co Ltd 16 0.02


– Miraca Holdings Inc 14 0.01



7 Mitsubishi Electric Corp 98 0.11






– Mitsubishi Tanabe Pharma Corp 8 0.01

29 Mitsubishi UFJ Financial Group Inc 176 0.19


26 Mizuho Financial Group Inc 46 0.05






18 NEC Corp 48 0.05

1 Nexon Co Ltd 10 0.01



– Nidec Corp 36 0.04



– Nintendo Co Ltd 25 0.03




– Nippon Shokubai Co Ltd 12 0.01



12 Nissan Motor Co Ltd 109 0.12


– Nitori Holdings Co Ltd 21 0.02




– Nomura Research Institute Ltd 15 0.02

2 NSK Ltd 22 0.02

– NTT Data Corp 20 0.02

4 NTT DOCOMO Inc 80 0.08





– Omron Corp 15 0.02

1 Ono Pharmaceutical Co Ltd 11 0.01

– Oriental Land Co Ltd 11 0.01


– Otsuka Corp 15 0.02

8 Panasonic Corp 79 0.09



– Recruit Holdings Co Ltd 15 0.02



– Rinnai Corp 9 0.01

– Ryohin Keikaku Co Ltd 20 0.02


Shares (000's)

Value (000's)

USD





– Sapporo Holdings Ltd 5 0.01

– Sawai Pharmaceutical Co Ltd 11 0.01



– Sega Sammy Holdings Inc 6 0.01






– Shimamura Co Ltd 12 0.01

– Shimano Inc 33 0.03


1 Shin-Etsu Chemical Co Ltd 60 0.06




– Showa Denko KK 5 0.01


– SMC Corp 29 0.03

2 SoftBank Group Corp 108 0.12

– Sohgo Security Services Co Ltd 16 0.02






– Sumitomo Dainippon Pharma Co Ltd 7 0.01


– Sumitomo Forestry Co Ltd 6 0.01



4 Sumitomo Mitsui Financial Group Inc 132 0.15


– Suntory Beverage & Food Ltd 13 0.01


1 Suzuken Co Ltd 15 0.02





– Taisho Pharmaceutical Holdings Co Ltd 26 0.03



– TechnoPro Holdings Inc 13 0.01


– Temp Holdings Co Ltd 5 0.01

– THK Co Ltd 4 –

3 Tobu Railway Co Ltd 14 0.01

1 Toho Co Ltd 20 0.02



– Tokyo Electron Ltd 37 0.04








1 TOTO Ltd 19 0.02





Shares (000's)

Value (000's)

USD




1 Toyo Suisan Kaisha Ltd 21 0.02



8 Toyota Motor Corp 483 0.52


– Trend Micro Inc 15 0.02


– Tsuruha Holdings Inc 10 0.01


1 Ushio Inc 6 0.01

1 USS Co Ltd 11 0.01

– West Japan Railway Co 18 0.02

3 Yahoo Japan Corp 11 0.01

– Yakult Honsha Co Ltd 9 0.01




– Yamato Holdings Co Ltd 6 0.01

– Yamazaki Baking Co Ltd 8 0.01



7,361 7.73

Netherlands - 1.19%

7 Aegon NV 35 0.04



1 Altice NV, Class B 16 0.02

1 APERAM SA 24 0.03


1 ASML Holding NV 65 0.07



– Eurocommercial Properties NV 8 0.01

– Fugro NV 1 –

– Gemalto NV 10 0.01







– Koninklijke Vopak NV 10 0.01


3 PostNL NV 16 0.02


3 RELX NV 55 0.06

4 Unilever NV 141 0.14


1,133 1.19

New Zealand - 0.07%



6 Meridian Energy Ltd 12 0.01


69 0.07

Norway - 0.20%

3 DNB ASA 50 0.05

1 Gjensidige Forsikring ASA 18 0.02

– Leroy Seafood Group ASA 23 0.02


2 Orkla ASA 16 0.02

– Petroleum Geo-Services ASA 1 –

Shares (000's)

Value (000's)

USD




– Schibsted ASA, Class A 5 0.01

– Schibsted ASA, Class B 5 0.01

– Seadrill Ltd – –


2 Subsea 7 SA 22 0.02

– TGS Nopec Geophysical Co ASA 9 0.01

195 0.20

Portugal - 0.05%



51 0.05

Singapore - 0.29%







8 Oversea-Chinese Banking Corp Ltd 52 0.05

4 Singapore Press Holdings Ltd 10 0.01




275 0.29

Spain - 0.83%


– Acciona SA 11 0.01


– Aena SA 2 –






15 Bankia SA 13 0.01



– Distribuidora Internacional de Alimentacion SA 1 –

1 Enagas SA 28 0.03





7 Mapfre SA 20 0.02


1 Repsol SA 15 0.02

14 Telefonica SA 114 0.12


789 0.83

Sweden - 1.20%





1 Axfood AB 9 0.01



– Bonava AB 4 –




2 Elekta AB 15 0.02




Shares (000's)

Value (000's)

USD




1 Fabege AB 11 0.01





1 Hexpol AB 9 0.01

– Holmen AB 15 0.02


2 Husqvarna AB 14 0.01

– ICA Gruppen AB 10 0.01

1 JM AB 19 0.02

– Millicom International Cellular SA 19 0.02

– NCC AB 8 0.01



2 Peab AB 15 0.02

– Saab AB 14 0.01





2 SKF AB 29 0.03

6 Svenska Handelsbanken AB 80 0.09


– Tele2 AB (non-voting rights) 3 –

3 Tele2 AB (voting rights) 22 0.02


8 Telia Co AB 32 0.03




1,147 1.20

Switzerland - 2.65%

7 ABB Ltd 138 0.13



– Aryzta AG 6 0.01

– Baloise Holding AG 26 0.03





– Dufry AG 26 0.03

– EMS-Chemie Holding AG 14 0.01


– Geberit AG 43 0.05


– Givaudan SA 71 0.07

– Helvetia Holding AG 15 0.02


– Kuehne & Nagel International AG 40 0.04


6 Novartis AG 399 0.42


– Partners Group Holding AG 51 0.05

2 Roche Holding AG (non-voting rights) 382 0.40

– Roche Holding AG (voting rights) 18 0.02

– Schindler Holding AG 12 0.01

– SGS SA 36 0.04

– Sika AG 92 0.10

– Sonova Holding AG 35 0.04


– Sulzer AG 12 0.01

Shares (000's)

Value (000's)

USD




– Sunrise Communications Group AG 20 0.02

– Swatch Group AG (BR) 37 0.04

– Swatch Group AG (REG) 3 –

– Swiss Life Holding AG 73 0.08

– Swiss Prime Site AG 12 0.01


– Swisscom AG 72 0.08

– Syngenta AG 78 0.08


– Zurich Insurance Group AG 99 0.10

2,524 2.65


8 3i Group PLC 71 0.07

2 AA PLC 6 0.01



4 Afren PLC – –

1 AMEC PLC 6 0.01



3 AstraZeneca PLC 155 0.16


16 Aviva PLC 90 0.09


12 BAE Systems PLC 90 0.09







30 BT Group PLC 135 0.15

1 Bunzl PLC 32 0.03


– Cairn Energy PLC – –


– Cardtronics PLC 15 0.02



– Close Brothers Group PLC 1 –

4 Cobham PLC 7 0.01

1 Coca-Cola HBC AG 17 0.02



2 CYBG PLC 6 0.01

– DCC PLC 37 0.04

6 Diageo PLC 145 0.15







– Fresnillo PLC 7 0.01

4 G4S PLC 13 0.01

7 GlaxoSmithKline PLC 139 0.15

2 Halma PLC 19 0.02


6 Hays PLC 10 0.01

– Henderson Group PLC 1 –

1 Hiscox Ltd 9 0.01


27 HSBC Holdings PLC 216 0.23




Shares (000's)

Value (000's)

USD






1 IMI PLC 11 0.01







15 ITV PLC 31 0.03







31 Legal & General Group PLC 92 0.10

111 Lloyds Banking Group PLC 80 0.08






1 Mondi PLC 23 0.02


7 National Grid PLC 75 0.08

– Next PLC 23 0.02




– Phoenix Group Holdings 3 –


7 Prudential PLC 131 0.15

1 Reckitt Benckiser Group PLC 118 0.12

3 Regus PLC 8 0.01

4 RELX PLC 70 0.07



317 Rolls Royce Holdings PLC – –

7 Rolls-Royce Holdings PLC (voting rights) 58 0.06


– RPC Group PLC 2 –



1 Schroders PLC 23 0.02


1 Shire PLC 80 0.08

5 Sky PLC 44 0.05




1 Sports Direct International PLC 4 –

6 SSE PLC 106 0.11




26 Tesco PLC 67 0.07


1 UBM PLC 9 0.01

3 Unilever PLC 136 0.15



41 Vodafone Group PLC 100 0.10

Shares (000's)

Value (000's)

USD




– Weir Group PLC 6 0.01

– Whitbread PLC 17 0.02




5 Worldpay Group PLC 16 0.02

4 WPP PLC 87 0.09

– WS Atkins PLC 8 0.01

4,539 4.76


1 3M Co 108 0.11

2 AbbVie Inc 114 0.12


2 Accenture PLC 181 0.19



2 Activision Blizzard Inc 73 0.08

– Acuity Brands Inc 42 0.04

– Acxiom Corp 9 0.01


– Advance Auto Parts Inc 38 0.04

– Advanced Drainage Systems Inc 2 –

– AdvanSix Inc 1 –

1 AECOM 25 0.03


2 Aetna Inc 232 0.24

– Affiliated Managers Group Inc 47 0.05

2 Aflac Inc 117 0.12

– AGCO Corp 26 0.03



– Air Methods Corp 10 0.01


– Akamai Technologies Inc 22 0.02



– Alere Inc 6 0.01

– Alexander & Baldwin Inc 18 0.02

– Alexion Pharmaceuticals Inc 37 0.04

– Align Technology Inc 36 0.04

– Alkermes PLC 11 0.01

– Alleghany Corp 72 0.08

– Allegion PLC 12 0.01

– Allergan plc 78 0.08

– Alliance Data Systems Corp 52 0.05


– Allison Transmission Holdings Inc 13 0.01


1 Allstate Corp 74 0.08


– Alnylam Pharmaceuticals Inc 13 0.01


– Alphabet Inc, Class A 349 0.37

– Alphabet Inc, Class C 341 0.36

1 Amazon.com Inc 731 0.77

– AMC Networks Inc 17 0.02

– Amdocs Ltd 19 0.02

– AMERCO 34 0.04


– American Equity Investment Life Holding Co 8 0.01

3 American Express Co 228 0.24


4 American International Group Inc 243 0.26




Shares (000's)

Value (000's)

USD






1 Ameriprise Financial Inc 100 0.10

– Amerisafe Inc 13 0.01

– AmerisourceBergen Corp 25 0.03


2 Amgen Inc 258 0.27


– AMN Healthcare Services Inc 9 0.01

– AmTrust Financial Services Inc 10 0.01

1 ANSYS Inc 55 0.06

1 Anthem Inc 159 0.17

– AO Smith Corp 19 0.02

1 Aon PLC 114 0.12

22 Apple Inc 2,413 2.53

– Applied Industrial Technologies Inc 18 0.02

2 Applied Materials Inc 64 0.07

– AptarGroup Inc 22 0.02


1 Aramark 25 0.03


– Arista Networks Inc 17 0.02

– Armstrong Flooring Inc 1 –




– Artisan Partners Asset Management Inc 2 –

– Asbury Automotive Group Inc 12 0.01


– Aspen Insurance Holdings Ltd 10 0.01

– Aspen Technology Inc 14 0.01


– Assurant Inc 22 0.02



– Astronics Corp 7 0.01

– Astronics Corp, Class B 1 –

16 AT&T Inc 599 0.63


– Atwood Oceanics Inc 1 –

– Autodesk Inc 36 0.04

– Autoliv Inc 40 0.04

1 Automatic Data Processing Inc 104 0.11

– AutoNation Inc 19 0.02

– AutoZone Inc 78 0.08

– Avery Dennison Corp 31 0.03

– Avis Budget Group Inc 6 0.01

1 Avnet Inc 41 0.04



– Axis Capital Holdings Ltd 24 0.03

– AZZ Inc 13 0.01

– B/E Aerospace Inc 19 0.02

1 Baker Hughes Inc 73 0.08

1 Ball Corp 48 0.05

– BancFirst Corp 19 0.02


14 Bank of America Corp 299 0.31

– Bank of Hawaii Corp 25 0.03

2 Bank of New York Mellon Corp 77 0.08


– BankUnited Inc 12 0.01

– Barnes Group Inc 18 0.02

Shares (000's)

Value (000's)

USD




1 BB&T Corp 39 0.04

– Beacon Roofing Supply Inc 14 0.01

– Becton Dickinson and Co 52 0.05


– Bemis Co Inc 20 0.02


– Berry Plastics Group Inc 16 0.02

2 Best Buy Co Inc 97 0.10


1 Biogen Inc 202 0.21

– BioMarin Pharmaceutical Inc 30 0.03


– Blackbaud Inc 10 0.01


– BlackRock Inc 128 0.13



– Booz Allen Hamilton Holding Corp 14 0.01



– Brink's Co 19 0.02

2 Bristol-Myers Squibb Co 85 0.09

– Broadridge Financial Solutions Inc 30 0.03



– Brown-Forman Corp, Class A 20 0.02

– Brown-Forman Corp, Class B 18 0.02

– Brunswick Corp 9 0.01

– Burlington Stores Inc 16 0.02

– BWX Technologies Inc 16 0.02

1 CA Inc 44 0.05

– Cabela's Inc 6 0.01




– Caleres Inc 13 0.01

1 Capital One Financial Corp 94 0.10


1 Cardinal Health Inc 82 0.09

– Carlisle Cos Inc 36 0.04

1 CarMax Inc 69 0.07

– Carter's Inc 18 0.02

– Casey's General Stores Inc 24 0.03

2 Caterpillar Inc 174 0.18

– Cathay General Bancorp 11 0.01

– CBOE Holdings Inc 25 0.03


2 CBS Corp 93 0.10


– CEB Inc 18 0.02


2 Celgene Corp 228 0.24





3 Charles Schwab Corp 113 0.12

– Charter Communications Inc 127 0.13

– Chemical Financial Corp 21 0.02


– Chicago Bridge & Iron Co NV 14 0.01


– Children's Place Inc 11 0.01




Shares (000's)

Value (000's)

USD




– Chipotle Mexican Grill Inc 15 0.02

1 Chubb Ltd 111 0.12



1 Cigna Corp 86 0.09



– Cintas Corp 35 0.04

15 Cisco Systems Inc 442 0.46


6 Citigroup Inc 355 0.37



– Civeo Corp – –

– Clorox Co 36 0.04

1 CME Group Inc 91 0.10

1 Coach Inc 31 0.03

– Coca-Cola Bottling Co Consolidated 5 0.01

7 Coca-Cola Co 294 0.31


1 Cognizant Technology Solutions Corp 59 0.06

– Cohen & Steers Inc 2 –

– Coherent Inc 26 0.03

– Colfax Corp 15 0.02

1 Colgate-Palmolive Co 90 0.09

– Columbia Banking System Inc 16 0.02

– Columbia Sportswear Co 17 0.02

11 Comcast Corp 731 0.77

– Commerce Bancshares Inc 14 0.01

– CommerceHub Inc, Series A 1 –

– CommerceHub Inc, Series C 1 –


– Community Bank System Inc 6 0.01

– Computer Sciences Corp 28 0.03


1 Consolidated Edison Inc 57 0.06

– Constellation Brands Inc 53 0.06

– Cooper Cos Inc 44 0.05

– Copa Holdings SA 18 0.02

– Copart Inc 16 0.02

– Core Laboratories NV 29 0.03

1 Costco Wholesale Corp 195 0.20

3 Coty Inc 61 0.06

– CR Bard Inc 57 0.06

– Crane Co 17 0.02

– Crown Holdings Inc 24 0.03


– CSX Corp 14 0.01

– Cullen/Frost Bankers Inc 25 0.03

– Cummins Inc 68 0.07

– Curtiss-Wright Corp 20 0.02

– CVB Financial Corp 2 –

– CVR Energy Inc 5 0.01

4 CVS Health Corp 343 0.36

– Dana Inc 8 0.01

1 Danaher Corp 41 0.04


– Deckers Outdoor Corp 12 0.01

1 Deere & Co 89 0.09

– Delek US Holdings Inc 5 0.01

– Dell Technologies Inc 24 0.03

– Delphi Automotive PLC 16 0.02

– Deluxe Corp 11 0.01

Shares (000's)

Value (000's)

USD




– Dentsply Sirona Inc 20 0.02

– DexCom Inc 8 0.01



– Dillard's Inc 7 0.01

2 Discover Financial Services 109 0.11





– Dollar Tree Inc 35 0.04

– Domino's Pizza Inc 75 0.08

– Donaldson Co Inc 13 0.01

– Donnelley Financial Solutions Inc 1 –


1 Dow Chemical Co 62 0.07



– Dril-Quip Inc 6 0.01

– DST Systems Inc 10 0.01

– DSW Inc 10 0.01

– Dun & Bradstreet Corp 12 0.01


– Dycom Industries Inc 15 0.02


– Eagle Bancorp Inc 7 0.01


1 Eaton Corp PLC 77 0.08

– Eaton Vance Corp 13 0.01

2 eBay Inc 64 0.07

– EchoStar Corp 15 0.02

1 Ecolab Inc 113 0.12

– Edgewell Personal Care Co 25 0.03

1 Edison International 72 0.08

– Edwards Lifesciences Corp 41 0.04

1 EI du Pont de Nemours & Co 79 0.08


– Electronics For Imaging Inc 4 –

2 Emerson Electric Co 105 0.11

– Employers Holdings Inc 13 0.01


– Endurance Specialty Holdings Ltd 28 0.03

– EnerSys 18 0.02

– Enstar Group Ltd 22 0.02

– Entegris Inc 3 –


– EP Energy Corp – –


– Erie Indemnity Co 12 0.01

– Essendant Inc 6 0.01


– Esterline Technologies Corp 8 0.01


– Everest Re Group Ltd 77 0.08



– Expedia Inc 24 0.03



4 Express Scripts Holding Co 269 0.28

– F5 Networks Inc 44 0.05

2 Facebook Inc 181 0.19

– FactSet Research Systems Inc 16 0.02




Shares (000's)

Value (000's)

USD




– Fair Isaac Corp 11 0.01


– FCB Financial Holdings Inc 10 0.01

– Federated Investors Inc 11 0.01

– FedEx Corp 59 0.06

1 Fidelity National Information Services Inc 66 0.07

2 Fifth Third Bancorp 48 0.05


– First American Financial Corp 11 0.01


– First Midwest Bancorp Inc 7 0.01


1 Fiserv Inc 58 0.06

– Flagstar Bancorp Inc 7 0.01

– FleetCor Technologies Inc 33 0.03

2 Flex Ltd 33 0.03

– FLIR Systems Inc 13 0.01




1 FNB Corp 11 0.01

2 FNF Group 56 0.06

– FNFV Group 2 –


14 Ford Motor Co 170 0.18

– Fortinet Inc 11 0.01


– Fortune Brands Home & Security Inc 24 0.03

– Fossil Group Inc 3 –


5 Freeport-McMoRan Inc 80 0.08


– FTI Consulting Inc 20 0.02



– Gannett Co Inc 3 –

1 Gap Inc 32 0.03


– Gartner Inc 21 0.02

1 GATX Corp 27 0.03

– GCP Applied Technologies Inc 10 0.01

17 General Electric Co 509 0.53

4 General Motors Co 134 0.14

– Genesco Inc 12 0.01

– Genpact Ltd 6 0.01


– Genuine Parts Co 41 0.04


3 Gilead Sciences Inc 253 0.27

– Global Payments Inc 27 0.03

– GNC Holdings Inc 5 0.01

1 Goldman Sachs Group Inc 192 0.20

– GoPro Inc 4 –

– Graco Inc 11 0.01

– Granite Construction Inc 21 0.02



– Group 1 Automotive Inc 15 0.02

– Guess? Inc 6 0.01

– Hain Celestial Group Inc 18 0.02

– Hancock Holding Co 6 0.01


– Hanover Insurance Group Inc 10 0.01

Shares (000's)

Value (000's)

USD




1 Harley-Davidson Inc 59 0.06








– Helen of Troy Ltd 17 0.02


– Henry Schein Inc 24 0.03


– Hexcel Corp 16 0.02




3 Home Depot Inc 349 0.37

1 Honeywell International Inc 168 0.18

– Horizon Pharma Plc 5 0.01

– Howard Hughes Corp 19 0.02

– HSN Inc 4 –

– Hubbell Inc 39 0.04

– Humana Inc 64 0.07

– Huntington Ingalls Industries Inc 61 0.06

– Huntsman Corp 9 0.01

– Huron Consulting Group Inc 12 0.01

– IDEX Corp 30 0.03

– IDEXX Laboratories Inc 53 0.06


1 Illinois Tool Works Inc 73 0.08

– Incyte Corp 45 0.05

1 Ingersoll-Rand PLC 70 0.07

– Ingevity Corp 7 0.01


8 Intel Corp 273 0.29


1 Intercontinental Exchange Inc 54 0.06

– International Bancshares Corp 16 0.02

1 International Business Machines Corp 198 0.21

– International Flavors & Fragrances Inc 44 0.05


1 International Paper Co 30 0.03


1 Intuit Inc 66 0.07

– Intuitive Surgical Inc 64 0.07



– ITT Inc 10 0.01

1 Ixia 7 0.01

– J Alexander's Holdings Inc – –


– Jack Henry & Associates Inc 29 0.03



– Jazz Pharmaceuticals PLC 10 0.01

– JB Hunt Transport Services Inc 22 0.02


– JM Smucker Co 43 0.05

– John Wiley & Sons Inc 11 0.01

6 Johnson & Johnson 717 0.75

1 Johnson Controls International PLC 51 0.05

– Jones Lang LaSalle Inc 26 0.03

– Joy Global Inc 5 0.01




Shares (000's)

Value (000's)

USD




7 JPMorgan Chase & Co 542 0.57



– Kate Spade & Co 5 0.01

– KBR Inc 3 –


3 KeyCorp 46 0.05


– KLA-Tencor Corp 13 0.01

1 Kohl's Corp 42 0.04

– Korn/Ferry International 9 0.01

1 Kraft Heinz Co 73 0.08

2 Kroger Co 62 0.07

– L Brands Inc 34 0.04

– L-3 Communications Holdings Inc 30 0.03

– Laboratory Corp of America Holdings 32 0.03

– Lam Research Corp 49 0.05

– Lands' End Inc 1 –

– Las Vegas Sands Corp 14 0.01

– Lear Corp 26 0.03

– Legg Mason Inc 13 0.01



2 Lennar Corp 66 0.07

– Lennox International Inc 25 0.03

– Liberty Braves Group, Class A 1 –

– Liberty Braves Group, Class C 2 –

– Liberty Broadband Corp, Class A 3 –


– Liberty Expedia Holdings Inc 8 0.01


– Liberty Media Group, Class A 4 –

– Liberty Media Group, Class C 7 0.01

1 Liberty SiriusXM Group, Class A 19 0.02

1 Liberty SiriusXM Group, Class C 34 0.04

– Liberty TripAdvisor Holdings Inc 1 –

– Liberty Ventures 10 0.01


– LinkedIn Corp 20 0.02

– Live Nation Entertainment Inc 11 0.01

1 LKQ Corp 44 0.05


1 Lowe's Cos Inc 74 0.08

– LPL Financial Holdings Inc 18 0.02

– LSC Communications Inc 1 –

– lululemon athletica Inc 24 0.03

1 LyondellBasell Industries NV 69 0.07

– M&T Bank Corp 63 0.07

– Macquarie Infrastructure Corp 22 0.02

2 Macy's Inc 66 0.07

– Mallinckrodt PLC 19 0.02

– Manhattan Associates Inc 18 0.02

– ManpowerGroup Inc 34 0.04

2 Marathon Petroleum Corp 98 0.10

– Markel Corp 39 0.04

– MarketAxess Holdings Inc 22 0.02

1 Marsh & McLennan Cos Inc 88 0.09



2 MasterCard Inc 241 0.25


– Maxim Integrated Products Inc 14 0.01

– MB Financial Inc – –

Shares (000's)

Value (000's)

USD




– McCormick & Co Inc 41 0.04

– McDermott International Inc 1 –

1 McDonald's Corp 116 0.12

1 McKesson Corp 109 0.11

– MDC Holdings Inc 9 0.01


– MEDNAX Inc 23 0.02

3 Medtronic PLC 229 0.24

4 Merck & Co Inc 222 0.23

– Mercury General Corp 6 0.01

– Meredith Corp 17 0.02

3 MetLife Inc 170 0.18

– Mettler-Toledo International Inc 41 0.04





– Middleby Corp 27 0.03

– Minerals Technologies Inc 6 0.01

– Molina Healthcare Inc 16 0.02

– Molson Coors Brewing Co 29 0.03


– Moody's Corp 30 0.03

3 Morgan Stanley 115 0.12

– Morningstar Inc 10 0.01

1 Mosaic Co 30 0.03

– Motorola Solutions Inc 34 0.04

– MRC Global Inc 4 –

– MSC Industrial Direct Co Inc 30 0.03

– MSCI Inc 28 0.03

– MSG Networks Inc 8 0.01

– Murphy USA Inc 2 –

1 Mylan NV 27 0.03




– National Instruments Corp 7 0.01








– NewMarket Corp 11 0.01





3 NIKE Inc 146 0.15


– Nordson Corp 14 0.01


1 Northern Trust Corp 59 0.06

– Northrop Grumman Corp 118 0.12


1 NOW Inc 27 0.03



– Nuvectra Corp 1 –

1 NVIDIA Corp 104 0.11

– NVR Inc 27 0.03

– O'Reilly Automotive Inc 49 0.05




Shares (000's)

Value (000's)

USD




– Oceaneering International Inc 9 0.01

– Oil States International Inc 14 0.01

– Old Dominion Freight Line Inc 40 0.04



– On Assignment Inc 4 –

– OneMain Holdings Inc 6 0.01

1 ONEOK Inc 37 0.04


8 Oracle Corp 320 0.33

– Ormat Technologies Inc 14 0.01

– Oshkosh Corp 21 0.02

1 PACCAR Inc 73 0.08

– Packaging Corp of America 31 0.03


– Palo Alto Networks Inc 13 0.01

1 Parker-Hannifin Corp 83 0.09


– Patterson Cos Inc 10 0.01



2 PayPal Holdings Inc 61 0.06

– Penske Automotive Group Inc 10 0.01



1 PepsiCo Inc 126 0.13

– PerkinElmer Inc 20 0.02

12 Pfizer Inc 386 0.40

1 PG&E Corp 79 0.08

2 Phillips 66 129 0.13

– Pinnacle Foods Inc 5 0.01



– Polaris Industries Inc 23 0.02

– PolyOne Corp 10 0.01

– Popular Inc 8 0.01

1 PPG Industries Inc 67 0.07

– PRA Group Inc 7 0.01

– Priceline Group Inc 201 0.21



– ProAssurance Corp 6 0.01

4 Procter & Gamble Co 341 0.36


– Prosperity Bancshares Inc 19 0.02

2 Prudential Financial Inc 168 0.18


– PVH Corp 53 0.06

4 QUALCOMM Inc 251 0.26


– Quest Diagnostics Inc 31 0.03



– Ralph Lauren Corp 42 0.04


1 Raytheon Co 118 0.12

– Red Hat Inc 26 0.03

– Regal Beloit Corp 7 0.01


– Regeneron Pharmaceuticals Inc 35 0.04


– Reinsurance Group of America Inc 60 0.06

– RenaissanceRe Holdings Ltd 13 0.01

Shares (000's)

Value (000's)

USD





– Rexnord Corp – –



– Rockwell Automation Inc 60 0.06


– Roper Technologies Inc 32 0.03

1 Ross Stores Inc 41 0.04

– Rowan Cos PLC 9 0.01

– RPM International Inc 26 0.03

– RR Donnelley & Sons Co 3 –

– Ryder System Inc 8 0.01

– S&P Global Inc 53 0.06


1 Safeway Inc 1 –

1 Safeway PDC LLC CVR – –



– Santander Consumer USA Holdings Inc 3 –


4 Schlumberger Ltd 374 0.39

– Scholastic Corp 11 0.01

– Scotts Miracle-Gro Co 19 0.02



– Seattle Genetics Inc 12 0.01


– Selective Insurance Group Inc 16 0.02


– ServiceNow Inc 33 0.03

– Shenandoah Telecommunications Co 11 0.01

– Sherwin-Williams Co 54 0.06

– Signature Bank 27 0.03

– Signet Jewelers Ltd 27 0.03

– Silgan Holdings Inc 9 0.01

– Sinclair Broadcast Group Inc 10 0.01



– SLM Corp 2 –

– Snap-on Inc 61 0.06

– Sonoco Products Co 13 0.01


– South State Corp 17 0.02

– Southwest Gas Corp 15 0.02

– Spectrum Brands Holdings Inc 20 0.02


– Splunk Inc 29 0.03


– Sprouts Farmers Market Inc 7 0.01

– SPX Corp 2 –

– SPX FLOW Inc 3 –


– St Jude Medical Inc 37 0.04

– Stanley Black & Decker Inc 48 0.05


1 Starbucks Corp 71 0.07

– Starz 1 –

1 State Street Corp 69 0.07


– Stifel Financial Corp 5 0.01

– Stratasys Ltd 2 –

– Stryker Corp 49 0.05

1 SunTrust Banks Inc 53 0.06




Shares (000's)

Value (000's)

USD





– SVB Financial Group 45 0.05


5 Synchrony Financial 160 0.17


– Synovus Financial Corp 15 0.02

– Syntel Inc 1 –

1 Sysco Corp 56 0.06



– Tailored Brands Inc 4 –

1 Target Corp 89 0.09



– TE Connectivity Ltd 32 0.03

– Team Health Holdings Inc 9 0.01

– Teekay Corp 2 –

2 TEGNA Inc 44 0.05

– Teledyne Technologies Inc 12 0.01

– Teleflex Inc 35 0.04


– Tempur Sealy International Inc 13 0.01

– Tenneco Inc 1 –



– Terex Corp 15 0.02

– Tesla Motors Inc 17 0.02

1 Tesoro Corp 73 0.08

1 Thermo Fisher Scientific Inc 100 0.10

– Thor Industries Inc 30 0.03

– Tidewater Inc – –

1 Tiffany & Co 63 0.07

– Time Inc 4 –

3 Time Warner Inc 276 0.29

1 TJX Cos Inc 110 0.11


– TopBuild Corp 4 –


– Toro Co 18 0.02


– Tractor Supply Co 30 0.03

– TransDigm Group Inc 59 0.06



2 Travelers Cos Inc 173 0.18


– TreeHouse Foods Inc 14 0.01




– Trinity Industries Inc 10 0.01

– TripAdvisor Inc 18 0.02

– Triumph Group Inc 8 0.01

– Tupperware Brands Corp 6 0.01

6 Twenty-First Century Fox Inc, Class A 170 0.18

2 Twenty-First Century Fox Inc, Class B 56 0.06


1 UGI Corp 36 0.04

– Ulta Salon Cosmetics & Fragrance Inc 49 0.05

– Ultimate Software Group Inc 14 0.01



– Under Armour Inc, Class C 9 0.01

Shares (000's)

Value (000's)

USD




1 Union Pacific Corp 51 0.05

– United Bankshares Inc 9 0.01

– United Natural Foods Inc 9 0.01

1 United Parcel Service Inc 85 0.09


3 United Technologies Corp 273 0.29

– United Therapeutics Corp 25 0.03

4 UnitedHealth Group Inc 607 0.64



– Urban Outfitters Inc 9 0.01

– USANA Health Sciences Inc 24 0.03

2 Valero Energy Corp 117 0.12


– Valspar Corp 16 0.02

– Vantiv Inc 23 0.02

– Varian Medical Systems Inc 31 0.03

– VeriFone Systems Inc 3 –

– VeriSign Inc 33 0.03


– Veritiv Corp 1 –

14 Verizon Communications Inc 703 0.75

– Vertex Pharmaceuticals Inc 15 0.02

1 VF Corp 30 0.03

1 Viacom Inc 50 0.05

– ViaSat Inc 14 0.01

5 Visa Inc 407 0.44


1 VWR Corp 22 0.02

– WABCO Holdings Inc 19 0.02

– Wabtec Corp 34 0.04

5 Wal-Mart Stores Inc 361 0.38

2 Walgreens Boots Alliance Inc 189 0.20

3 Walt Disney Co 344 0.37

– Waters Corp 25 0.03

– Watsco Inc 13 0.01



– WellCare Health Plans Inc 41 0.04

10 Wells Fargo & Co 539 0.57

1 Wendy's Co 9 0.01

– WESCO International Inc 18 0.02



– Westlake Chemical Corp 11 0.01


– Whirlpool Corp 24 0.03



– Williams-Sonoma Inc 16 0.02


– Windstream Holdings Inc 2 –

– Workday Inc 18 0.02

– World Fuel Services Corp 11 0.01


– WR Grace & Co 10 0.01

– WW Grainger Inc 84 0.09

– Wyndham Worldwide Corp 14 0.01

– Wynn Resorts Ltd 15 0.02


– Xilinx Inc 25 0.03





Shares (000's)

Value (000's)

USD





– Xylem Inc 24 0.03


– Zimmer Biomet Holdings Inc 41 0.04


1 Zoetis Inc 36 0.05

45,532 47.83


Preferred Stock

Germany - 0.10%

– Bayerische Motoren Werke AG 13 0.01

– Fuchs Petrolub SE 4 –

– Henkel AG & Co KGaA 32 0.04


92 0.10



Australia - 0.10%



7 Stockland 23 0.03


93 0.10

Belgium - 0.02%

– Befimmo SA 10 0.01

– Cofinimmo SA 9 0.01

19 0.02

Canada - 0.03%

– H&R Real Estate Investment Trust 11 0.01


25 0.03

France - 0.11%

– Fonciere Des Regions 9 0.01

1 Gecina SA 38 0.04

– ICADE 14 0.01

1 Klepierre 43 0.05

104 0.11

Japan - 0.28%



– Daiwa House Residential Investment Corp 20 0.02

– Daiwa Office Investment Corp 10 0.01

– GLP J-Reit 11 0.01

– Invincible Investment Corp 3 –

– Japan Hotel REIT Investment Corp 9 0.01



– Japan Retail Fund Investment Corp 14 0.02





– Nippon Prologis REIT Inc 21 0.02

– Nomura Real Estate Master Fund Inc 23 0.03



264 0.28

Shares (000's)

Value (000's)

USD



Netherlands - 0.09%

1 Unibail-Rodamco SE 86 0.09

86 0.09

Singapore - 0.02%


– Keppel REIT – –

18 0.02

Spain - 0.01%


10 0.01









156 0.16



– American Assets Trust Inc 13 0.01





1 AvalonBay Communities Inc 77 0.08

– Boston Properties Inc 24 0.03


– Camden Property Trust 30 0.03

– Chesapeake Lodging Trust – –

– Columbia Property Trust Inc 3 –

– CubeSmart 5 0.01

– CyrusOne Inc 2 –

– DCT Industrial Trust Inc 15 0.02


– Douglas Emmett Inc 15 0.02


– DuPont Fabros Technology Inc 13 0.01

– Empire State Realty Trust Inc – –

– EPR Properties 14 0.01

– Equinix Inc 45 0.05



– Essex Property Trust Inc 44 0.05

– Extra Space Storage Inc 28 0.03

– Federal Realty Investment Trust 10 0.01

1 Forest City Realty Trust Inc, Class A 24 0.03



– Healthcare Realty Trust Inc 2 –


– Highwoods Properties Inc 17 0.02




– Lexington Realty Trust 2 –

– Liberty Property Trust 12 0.01

– Life Storage Inc 6 0.01



– Mid-America Apartment Communities Inc 28 0.03




Shares (000's)

Value (000's)

USD




– National Retail Properties Inc 10 0.01


– Paramount Group Inc 2 –

2 Prologis Inc 112 0.12

– PS Business Parks Inc 11 0.01

– Public Storage 64 0.07

– QTS Realty Trust Inc 3 –

– Realty Income Corp 14 0.01



1 Simon Property Group Inc 109 0.11

– SL Green Realty Corp 38 0.04


– STORE Capital Corp 10 0.01

– Sun Communities Inc 22 0.02

1 UDR Inc 31 0.03


– Washington Real Estate Investment Trust 3 –

1 Welltower Inc 88 0.09



Rights

Canada - —%

– Yamana Gold Inc – –

– –

Italy - —%



– –

Spain - 0.01%



5 0.01

Total Rights – 0.01% (30 November 2015: 0.01%) 5 0.01


Cash and Cash Equivalents – 0.95% (30 November 2015: 0.28%) 904 0.95 Liabilities in Excess of Other Assets – (0.20)% (30 November 2015: (0.02)%) (188) (0.20)


– Amounts designated as “–“ are either $0, less than $500 or less than 500 shares.


Transferable securities admitted to an official exchange listing 80.33 Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 0.01

Investment Funds 17.05

Current Assets 2.61

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Australia - 2.93%


106 ALS Ltd 478 0.03

28 Altona Mining Ltd 3 –


64 Ansell Ltd 1,075 0.06





5,967 Atlas Iron Ltd 79 –

116 Ausdrill Ltd 103 0.01

137 Austal Ltd 191 0.01



105 Australian Vintage Ltd 39 –

6 Auswide Bank Ltd 21 –


245 AWE Ltd 110 0.01

155 Bank of Queensland Ltd 1,284 0.07




233 Bendigo & Adelaide Bank Ltd 2,075 0.12


253 BlueScope Steel Ltd 1,680 0.10


49 Boral Ltd (Insto placement) 183 0.01

390 Boral Ltd (NPV placement) 1,450 0.09




52 Capral Ltd 6 –

94 Cardno Ltd 67 –

40 Carnarvon Petroleum Ltd 3 –



171 Challenger Ltd 1,341 0.08


22 Codan Ltd 28 –


24 Collins Foods Ltd 104 0.01

209 Cooper Energy Ltd 50 –

259 CSR Ltd 778 0.04

30 CuDeco Ltd 9 –


136 Donaco International Ltd 40 –


242 Downer EDI Ltd 1,009 0.05

63 Eclipx Group Ltd 181 0.01

277 Emeco Holdings Ltd 16 –




48 Estia Health Ltd 95 0.01



1,260 Fairfax Media Ltd 749 0.04

59 Finbar Group Ltd 39 –



668 Fortescue Metals Group Ltd 2,861 0.16


Shares (000's)

Value (000's)

USD






178 Grange Resources Ltd 17 –





69 HFA Holdings Ltd 111 0.01

73 Hills Ltd 21 –

146 Horizon Oil Ltd 5 –


97 Imdex Ltd 41 –


836 Incitec Pivot Ltd 1,939 0.11



89 iSelect Ltd 126 0.01


3 K&S Corp Ltd 3 –

95 Kingsgate Consolidated Ltd 17 –

11 LifeHealthcare Group Ltd 20 –

1,088 Lynas Corp Ltd 54 –

118 MACA Ltd 135 0.01

284 Macmahon Holdings Ltd 21 –


117 MaxiTRANS Industries Ltd 51 –


25 McPherson's Ltd 19 –


54 Melbourne IT Ltd 76 –

106 Mesoblast Ltd 95 0.01



53 Mincor Resources NL 11 –




33 Money3 Corp Ltd 38 –






114 NRW Holdings Ltd 45 –


156 Orica Ltd 1,952 0.11

416 Orora Ltd 847 0.05


10 Pacific Current Group Ltd 32 –


123 Panoramic Resources Ltd 30 –

9 Paragon Care Ltd 5 –

136 Peet Ltd 96 0.01

8 Peninsula Energy Ltd 3 –

419 Perseus Mining Ltd 177 0.01

141 PMP Ltd 81 –





37 Pulse Health Ltd 12 –




Shares (000's)

Value (000's)

USD







58 RCR Tomlinson Ltd 107 0.01





4 Ruralco Holdings Ltd 9 –


16 Salmat Ltd 6 –


620 Santos Ltd 1,826 0.10



61 Service Stream Ltd 43 –











344 Star Entertainment Grp Ltd 1,340 0.08



59 Sunland Group Ltd 66 –

9 Tabcorp Holdings Ltd 33 –




1,005 Tiger Resources Ltd 25 –

19 Toro Energy Ltd 1 –


368 Treasury Wine Estates Ltd 2,936 0.17


89 UGL Ltd 208 0.01

48 Villa World Ltd 79 –



365 Virgin Australia International Holdings – –



46 Watpac Ltd 30 –

6 Webster Ltd 6 –





219 WPP AUNZ Ltd 155 0.01

54,970 2.93

Austria - 0.37%

1 Agrana Beteiligungs AG 89 –


5 FACC AG 29 –

60 OMV AG 1,933 0.11

5 POLYTEC Holding AG 44 –

84 Raiffeisen Bank International AG 1,518 0.09


Shares (000's)

Value (000's)

USD



Austria - 0.37% (continued)



35 voestalpine AG 1,313 0.07


– Wolford AG 12 –

6,919 0.37

Belgium - 0.55%

8 Ackermans & van Haaren NV 1,045 0.07

102 Ageas 3,789 0.21


– Atenor 5 –


5 Barco NV 367 0.02



1 Cie Immobiliere de Belgique SA 51 –




21 Exmar NV 146 0.01

8 Gimv NV 420 0.02

1 Jensen-Group NV 31 –




– Picanol 36 –

1 RealDolmen 33 –

22 Recticel SA 132 0.01

– Resilux 48 –

2 Roularta Media Group NV 44 –


2 Sipef SA 124 0.01



28 Viohalco SA 33 –

10,378 0.55

Canada - 4.15%

26 5N Plus Inc 35 –



27 Aecon Group Inc 310 0.02

75 Africa Oil Corp 106 0.01

38 AGF Management Ltd 151 0.01

4 AGT Food & Ingredients Inc 101 0.01

123 Alacer Gold Corp 225 0.01





21 Altius Minerals Corp 195 0.01

30 Amaya Inc 438 0.02

80 Argonaut Gold Inc 147 0.01

105 Asanko Gold Inc 368 0.02

206 Athabasca Oil Corp 208 0.01

31 ATS Automation Tooling Systems Inc 245 0.01


10 AutoCanada Inc 147 0.01


453 B2Gold Corp 1,096 0.06

36 Banro Corp 7 –






Shares (000's)

Value (000's)

USD






189 BlackBerry Ltd 1,453 0.08

115 BlackPearl Resources Inc 152 0.01


16 Bonterra Energy Corp 306 0.02


170 Cameco Corp 1,562 0.09

49 Canaccord Genuity Group Inc 145 0.01

63 Canacol Energy Ltd 210 0.01

66 Canadian Energy Services & Technology Corp 341 0.02


18 Canam Group Inc 126 0.01


14 Canfor Pulp Products Inc 108 0.01

16 CanWel Building Materials Group Ltd 66 –

40 Canyon Services Group Inc 164 0.01

133 Capstone Mining Corp 103 0.01

38 Cascades Inc 329 0.02





1 Chesswood Group Ltd 11 –

132 China Gold International Resources Corp Ltd 271 0.01

35 Chinook Energy Inc 13 –

1 Clarke Inc 9 –


3 Cogeco Inc 127 0.01


52 Continental Gold Inc 130 0.01


20 Corridor Resources Inc 6 –


29 Cott Corp 328 0.02




36 DH Corp 501 0.03




1 E-L Financial Corp Ltd 321 0.02


132 ECN Capital Corp 297 0.02


143 Element Fleet Management Corp 1,196 0.06


45 Enbridge Income Fund Holdings Inc 1,131 0.06



19 Energy Fuels Inc 25 –


11 Epsilon Energy Ltd 23 –

4 Equitable Group Inc 161 0.01




– EXFO Inc – –

58 Finning International Inc 1,178 0.06


317 First Quantum Minerals Ltd 3,621 0.20


Shares (000's)

Value (000's)

USD




2 Genesis Land Development Corp 5 –



2 Glacier Media Inc 1 –



12 Guardian Capital Group Ltd 197 0.01

14 Heroux-Devtek Inc 162 0.01


2 HNZ Group Inc 20 –







4 Indigo Books & Music Inc 47 –

29 Interfor Corp 320 0.02

19 Intertain Group Ltd 119 0.01




1 Kingsway Financial Services Inc 8 –

544 Kinross Gold Corp 1,797 0.11

1 Klondex Mines Ltd 4 –





78 Lightstream Resources Ltd 7 –


17 Liquor Stores NA Ltd 135 0.01

308 Lundin Mining Corp 1,509 0.08

32 Lydian International Ltd 7 –


38 Major Drilling Group International Inc 173 0.01


1 Manitoba Telecom Services Inc 29 –


43 Martinrea International Inc 243 0.01

3 McCoy Global Inc 3 –

68 MEG Energy Corp 341 0.02



24 Methanex Corp 1,037 0.06

41 Mitel Networks Corp 297 0.02


133 Nautilus Minerals Inc 18 –

131 Nevsun Resources Ltd 422 0.02









73 Pan American Silver Corp 1,227 0.07




3 Petrus Resources Ltd 5 –





Shares (000's)

Value (000's)

USD




18 Pilot Gold Inc 7 –


11 Pizza Pizza Royalty Corp 127 0.01


9 Polymet Mining Corp 8 –


51 Premier Gold Mines Ltd 86 –



13 QLT Inc 25 –

44 Questerre Energy Corp 14 –

44 RB Energy Inc – –

19 Reitmans Canada Ltd 95 0.01

21 Richmont Mines Inc 135 0.01


6 Rocky Mountain Dealerships Inc 45 –

48 Rogers Sugar Inc 236 0.01



62 Sandstorm Gold Ltd 229 0.01

51 Sandvine Corp 115 0.01

80 Savanna Energy Services Corp 94 0.01





138 Sherritt International Corp 126 0.01

16 Sierra Wireless Inc 240 0.01




81 Sprott Inc 156 0.01


1 Stantec Inc 27 –

184 Stornoway Diamond Corp 139 0.01

7 Strad Energy Services Ltd 8 –

7 Stuart Olson Inc 31 –


122 Surge Energy Inc 255 0.01



142 Teck Resources Ltd 3,589 0.20

11 Tembec Inc 14 –

219 Teranga Gold Corp 137 0.01


20 TMX Group Ltd 1,032 0.06




13 Total Energy Services Inc 130 0.01






74 Trican Well Service Ltd 203 0.01

23 Trilogy Energy Corp 112 0.01

103 Trinidad Drilling Ltd 214 0.01


126 Veresen Inc 1,158 0.06

7 Wajax Corp 131 0.01

46 Waste Connections Inc 3,527 0.20


Shares (000's)

Value (000's)

USD





176 Western Forest Products Inc 237 0.01



148 Whitecap Resources Inc 1,319 0.07

65 Wi-LAN Inc 87 –



454 Yamana Gold Inc 1,354 0.09

15 Yellow Pages Ltd 202 0.01

77,791 4.15

Denmark - 0.75%

3 ALK-Abello AS 346 0.02



2 BankNordik P/F 43 –

1 Brodrene Hartmann AS 54 –


15 Dfds AS 617 0.03



– GronlandsBANKEN AS 3 –


– Harboes Bryggeri AS 10 –


52 ISS AS 1,777 0.10

41 Jyske Bank AS 1,798 0.11

17 Matas AS 242 0.01



1 Parken Sport & Entertainment AS 10 –


2 Ringkjoebing Landbobank AS 460 0.02



5 RTX AS 83 –



3 Solar AS 167 0.01


40 Sydbank AS 1,172 0.06

386 TDC AS 1,960 0.11

31 TK Development AS 36 –

1 United International Enterprises 132 0.01

3 Vestjysk Bank AS 5 –

14,146 0.75

Finland - 1.13%


14 Aktia Bank Oyj 139 0.01



1 Apetit Oyj 15 –

7 Aspo Oyj 54 –

6 Atria Oyj 66 –



18 Cramo Oyj 444 0.02

30 Finnair Oyj 135 0.01


45 Glaston Oyj Abp 19 –

11 HKScan Oyj 33 –

2 Ilkka-Yhtyma Oyj 4 –





Shares (000's)

Value (000's)

USD





27 Kesko Oyj, Class B 1,329 0.07


3 Lemminkainen Oyj 70 –


52 Metso Oyj 1,461 0.08

3 Munksjo Oyj 52 –

40 Neste Oyj 1,636 0.10


3 Olvi Oyj 90 –

179 Outokumpu Oyj 1,383 0.07



16 Poyry Oyj 51 –



3 Rapala VMC Oyj 14 –


8 SRV Group Oyj 42 –

17 Stockmann Oyj Abp 115 0.01

2 Stockmann Oyj Abp, Class A 11 –

278 Stora Enso Oyj 2,688 0.15

337 Talvivaara Mining Co PLC 2 –

6 Teleste Oyj 55 –

189 UPM-Kymmene Oyj 4,327 0.24

3 Vaisala Oyj 102 0.01


40 YIT Oyj 323 0.02

21,243 1.13

France - 2.25%

5 Actia Group 39 –

11 Albioma SA 170 0.01

34 Alstom SA 923 0.05

15 Altamir 187 0.01

5 APRIL SA 62 –

23 Archos 29 –

32 Arkema SA 3,063 0.17

4 Assystem 118 0.01

20 Atos SE 2,071 0.12

1 Aubay 31 –

1 Ausy 50 –

3 Axway Software SA 86 –


5 Bigben Interactive 36 –

1 Bollore SA 2 –

211 Bollore SA (voting rights) 693 0.04


9 Bourbon Corp 100 0.01


24 Casino Guichard Perrachon SA 1,073 0.07

1 Catering International Services 12 –

2 Cegedim SA 39 –


12 CGG SA 166 0.01




36 Coface SA 211 0.01


22 Eiffage SA 1,476 0.09


16 Elis SA 247 0.01

3 Eramet 200 0.01

Shares (000's)

Value (000's)

USD




1 Esso SA Francaise 51 –




1 Exel Industries 55 –

2 Faiveley Transport SA 210 0.01

27 Faurecia 982 0.05

– Fleury Michon SA 29 –

4 GL Events 64 –

2 Groupe Crit 98 0.01


3 Groupe Open 75 –


69 Havas SA 554 0.03

1 HiPay Group SA 8 –

14 Imerys SA 975 0.05


20 IPSOS 568 0.03


20 Korian SA 510 0.03

49 Lagardere SCA 1,210 0.06

1 Laurent-Perrier 43 –


– Linedata Services 8 –

6 LISI 184 0.01


1 Manutan International 49 –

8 Mersen SA 152 0.01

11 METabolic EXplorer SA 29 –


3 Naturex 280 0.01


14 Nexans SA 738 0.04

18 Nexity SA 846 0.05

3 Nicox 24 –

5 NRJ Group 49 –

– Oeneo SA 2 –

19 Onxeo SA 47 –

7 Parrot SA 65 –

4 PCAS 43 –

2 Pierre & Vacances SA 95 0.01

1 Plastivaloire 79 –

1 PSB Industries SA 43 –

12 Rallye SA 206 0.01

155 Rexel SA 2,393 0.14


2 Savencia SA 171 0.01

80 SCOR SE 2,538 0.14

1 Seche Environnement SA 35 –

15 Sequana SA 21 –

– Societe Internationale de Plantations d'Heveas SA 15 –


7 SPIE SA 127 0.01

1 Stallergenes Greer PLC 46 –

30 Ste Industrielle d'Aviation Latecoere SA 109 0.01

1 Stef SA 93 –

300 STMicroelectronics NV 3,054 0.17

2 Store Electronic 44 –


3 Synergie SA 116 0.01


54 Technip SA 3,771 0.21





Shares (000's)

Value (000's)

USD





– Tessi SA 48 –

– TFF Group 25 –

1 Thermador Groupe 71 –


1 Touax SA 10 –




23 Valneva SE 63 –

2 Vetoquinol SA 93 –

9 Vicat SA 524 0.03

3 VIEL & Cie SA 12 –

3 Vilmorin & Cie SA 168 0.01

1 Vranken-Pommery Monopole SA 20 –


42,301 2.25

Germany - 2.53%

37 Aareal Bank AG 1,296 0.07

3 Adler Modemaerkte AG 13 –



3 Allgeier SE 48 –

19 Aurubis AG 1,024 0.05


8 Bauer AG 83 –

7 BayWa AG 236 0.01




4 Biotest AG 72 –


7 CANCOM SE 335 0.02




2 Clere AG 27 –


13 Commerzbank AG 87 –


1 DEAG Deutsche Entertainment AG 4 –


116 Deutsche Lufthansa AG 1,506 0.08


51 Deutz AG 279 0.01


16 DMG Mori AG 713 0.04

1 Dr Hoenle AG 39 –


1 Eckert & Ziegler AG 26 –



2 Euromicron AG 14 –

13 Evotec AG 87 –

5 First Sensor AG 65 –

4 Francotyp-Postalia Holding AG 20 –

23 Fraport AG Frankfurt Airport Services Worldwide 1,345 0.07

63 Freenet AG 1,617 0.10

15 Gerry Weber International AG 176 0.01

2 Gesco AG 133 0.01

8 GFK SE 237 0.01


7 H&R GmbH & Co KGaA 120 0.01

Shares (000's)

Value (000's)

USD







1 Highlight Communications AG 7 –


9 HolidayCheck Group AG 21 –

5 Hornbach Baumarkt AG 141 0.01


2 Init Innovation In Traffic Systems AG 30 –

2 Isra Vision AG 188 0.01

5 IVU Traffic Technologies AG 16 –


80 K+S AG 1,625 0.09

27 KION Group AG 1,504 0.08



35 Kontron AG 103 0.01


– KSB AG 24 –

1 KWS Saat SE 312 0.02

38 Lanxess AG 2,363 0.14

1 Leifheit AG 44 –

19 Leoni AG 605 0.03

3 Manz AG 93 –

13 Medigene AG 128 0.01

76 Metro AG 2,267 0.13

35 MLP AG 156 0.01

9 MSG Life AG 24 –

1 Nexus AG 22 –

14 Nordex SE 279 0.01

2 OHB SE 40 –

34 OSRAM Licht AG 1,737 0.09



39 PNE Wind AG 92 –

1 Progress-Werk Oberkirch AG 59 –

3 PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie 32 –

1 Puma SE 271 0.01

2 PVA TePla AG 4 –

70 Qiagen NV 1,931 0.10

68 QSC AG 145 0.01

– R Stahl AG 9 –

18 Rheinmetall AG 1,290 0.07



260 RWE AG 3,268 0.18

12 S&T AG 117 0.01



– Schaltbau Holding AG 6 –

4 SHW AG 126 0.01

4 Siltronic AG 176 0.01

2 Sixt Leasing SE 42 –

6 Sixt SE 331 0.02

3 SMA Solar Technology AG 74 –

1 SMT Scharf AG 13 –

2 Softing AG 31 –


4 Solarworld AG 14 –

29 Stada Arzneimittel AG 1,410 0.08



5 Surteco SE 99 0.01




Shares (000's)

Value (000's)

USD




15 Takkt AG 316 0.02

27 Talanx AG 866 0.05

3 Technotrans AG 70 –




6 VTG AG 181 0.01



1 Zeal Network SE 45 –

47,470 2.53

Greece – 0.00% 7

Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products – –

– –

Hong Kong - 1.33%

314 13 Holdings Ltd 100 0.01

16 Aeon Credit Service Asia Co Ltd 11 –

10 Aeon Stores Hong Kong Co Ltd 9 –


112 Alco Holdings Ltd 32 –



620 Anxian Yuan China Holdings Ltd 8 –

1,643 APAC Resources Ltd 24 –

425 Applied Development Holdings Ltd 48 –


10 Arts Optical International Hldgs Ltd 4 –




1,032 Bonjour Holdings Ltd 46 –

1,452 Brockman Mining Ltd 24 –

1,150 Burwill Holdings Ltd 27 –


138 CCT Fortis Holdings Ltd 19 –


2,145 Champion Technology Holdings Ltd 44 –

38 Chen Hsong Holdings 9 –

99 Cheuk Nang Holdings Ltd 74 –


564 China Chuanglian Education Group Ltd 13 –

4,802 China Energy Development Holdings Ltd 56 –

280 China Environmental Energy Investment Ltd 21 –

184 China Flavors & Fragrances Co Ltd 61 –

2,568 China Healthcare Enterprise Group Ltd 40 –




166 China Ting Group Holdings Ltd 9 –

26 Chong Hing Bank Ltd 51 –



487 Chuang's Consortium International Ltd 102 0.01


1,166 CK Life Sciences Int'l Holdings Inc 110 0.01

344 CMMB Vision Holdings Ltd 26 –

360 Continental Holdings Ltd 7 –

77 Cowell e Holdings Inc 22 –

277 Crocodile Garments 37 –

2,965 CSI Properties Ltd 105 0.01



Shares (000's)

Value (000's)

USD






88 Dickson Concepts International Ltd 32 –

120 Eagle Nice International Holdings Ltd 34 –

172 EcoGreen International Group Ltd 38 –

1,128 Emperor Capital Group Ltd 119 0.01



1,440 Emperor Watch & Jewellery Ltd 51 –

460 ENM Holdings Ltd 37 –


285 eSun Holdings Ltd 25 –

1,090 Eternity Investment Ltd 32 –


153 Far East Holdings International Ltd 19 –

1,321 FIH Mobile Ltd 425 0.03



270 Fountain SET Holdings Ltd 35 –

150 Future Bright Holdings Ltd 18 –


2,030 GCL New Energy Holdings Ltd 120 0.01

336 Genting Hong Kong Ltd 96 0.01


2,130 Get Nice Holdings Ltd 73 –

2,578 Global Brands Group Holding Ltd 402 0.03

334 Glorious Sun Enterprises Ltd 42 –

910 Good Resources Holdings Ltd 59 –

75 Grand Ming Group Holdings Ltd 46 –


242 Guangnan Holdings Ltd 30 –

9 Guoco Group Ltd 101 0.01


92 Hang Fung Gold Technology Ltd – –

460 Hang Lung Group Ltd 1,688 0.10



74 Harbour Centre Development Ltd 136 0.01


58 Hon Kwok Land Investment Co Ltd 22 –






278 Hopewell Holdings Ltd 1,006 0.06

1,330 Hsin Chong Construction Group Ltd 63 –


168 Hung Hing Printing Group Ltd 24 – 542



57 International Housewares Retail Co Ltd 12 –


255 IPE Group Ltd 56 –

228 IT Ltd 93 –

749 ITC Corp Ltd 79 –




90 Kader Holdings Co Ltd 9 –

50 Kam Hing International Holdings Ltd 3 –

46 Keck Seng Investments 33 –





Shares (000's)

Value (000's)

USD





100 Kingmaker Footwear Holdings Ltd 27 –

175 Kong Sun Holdings Ltd 3 –


22 Kwoon Chung Bus Holdings Ltd 12 –



5,710 Landing International Development Ltd 141 0.01

160 Landsea Green Properties Co Ltd 12 –

820 Lerado Financial Group Company Ltd 24 –

412 Li & Fung Ltd 180 0.01


916 Lippo China Resources Ltd 28 –

124 Lippo Ltd 77 –

388 Lisi Group Holdings Ltd 40 –


103 Luen Thai Holdings Ltd 43 –


72 Lung Kee Bermuda Holdings 25 –


822 Magnificent Hotel Investment Ltd 19 –

254 Man Sang International Ltd 20 –

3,240 Mason Financial Holdings Ltd 79 –

2,315 Master Glory Group Ltd 134 0.01



66 Ming Fai International Holdings Ltd 10 –


1,480 Mongolian Mining Corp 48 –

66 National Electronic Holdings 8 –

126 Neo-Neon Holdings Ltd 20 –

263 Neptune Group Ltd 12 –

12,936 NetMind Financial Holdings Ltd 106 0.01

698 New Times Energy Corp Ltd 21 –


222 Next Digital Ltd 11 –

342 Nine Express Ltd 22 –

8 NWS Holdings Ltd 14 –

200 O Luxe Holdings Ltd 19 – 560

Orange Sky Golden Harvest Entertainment Holdings Ltd 40 –


278 Oriental Watch Holdings 61 –


1,638 Pacific Basin Shipping Ltd 266 0.01

148 Paliburg Holdings Ltd 44 –

152 Paradise Entertainment Ltd 29 –

716 Pearl Oriental Oil Ltd 26 –






1,017 PYI Corp Ltd 21 –



210 SAS Dragon Holdings Ltd 40 –


3,380 SEEC Media Group Ltd 61 –




156 Sing Tao News Corp Ltd 20 –


Shares (000's)

Value (000's)

USD






2,130 Skyway Securities Group Ltd 50 –



368 South China Holdings Co Ltd 22 –












282 United Laboratories International Holdings Ltd 152 0.01



134 Vantage International Holdings Ltd 21 –


344 Vedan International Holdings Ltd 44 –

1,022 Victory City International Holdings Ltd 38 –


2,660 Wang On Group Ltd 24 –

232 Win Hanverky Holdings Ltd 41 –

440 Winfull Group Holdings Ltd 11 –

39 Wing On Co International Ltd 117 0.01

205 Wing Tai Properties Ltd 123 0.01

62 Wong's International Holdings Ltd 22 –

186 Wong's Kong King International 24 –


19 YGM Trading Ltd 18 –


2,104 Yugang International Ltd 38 –

24,857 1.33

Ireland - 0.19%

8,077 Bank of Ireland 1,720 0.10

164 C&C Group PLC 601 0.03





3,596 0.19

Israel - 0.30%

59 Africa Israel Investments Ltd 8 –

1 Albaad Massuot Yitzhak 11 –


– Alrov Properties and Lodgings Ltd – –

9 Ashtrom Properties Ltd 34 –


16 Cellcom Israel Ltd 134 0.01

18 Ceragon Networks Ltd 41 –

9 Clal Insurance Enterprises Holdings Ltd 110 0.01

1 Delek Group Ltd 141 0.01

5 Delta-Galil Industries Ltd 150 0.01

125 El Al Israel Airlines 102 0.01

4 Electra Consumer Products 1970 Ltd 58 –

1 Electra Ltd 106 0.01

4 Elron Electronic Industries Ltd 18 –

4 Equital Ltd 74 –

24 First International Bank Of Israel Ltd 323 0.02




Shares (000's)

Value (000's)

USD



Israel - 0.30% (continued)

4 Formula Systems 1985 Ltd 163 0.01

1 Fox Wizel Ltd 22 –


1 Hadera Paper Ltd 28 – 48

Harel Insurance Investments & Financial Services Ltd 207 0.01


3 Jerusalem Oil Exploration 151 0.01

6 Kenon Holdings Ltd 54 –

1 Kerur Holdings Ltd 18 –

2 Magic Software Enterprises Ltd 12 –

16 Matrix IT Ltd 125 0.01

7 Meitav DS Investments Ltd 26 –

12 Menora Mivtachim Holdings Ltd 109 0.01


2 Mivtach Shamir Holdings Ltd 35 –



1 Neto ME Holdings Ltd 46 –

10 Nova Measuring Instruments Ltd 132 0.01

453 Oil Refineries Ltd 171 0.01

– Partner Communications Co Ltd – –

3 Paz Oil Co Ltd 480 0.03

24 Phoenix Holdings Ltd 77 –

1 Plasson Industries Ltd 41 –

2 Scope Metals Group Ltd 41 –

82 Shikun & Binui Ltd 152 0.01

26 Shufersal Ltd 98 0.01

2 Summit Real Estate Holdings Ltd 11 –


17 Union Bank of Israel 65 –

5,641 0.30

Italy - 1.13%

79 A2A SpA 94 0.01

13 Alerion Cleanpower SpA 34 –

8 Anima Holding SpA 39 –




7 Banca Monte dei Paschi di Siena SpA 163 0.01


2,368 Banca Popolare di Milano Scarl 765 0.04


145 Banca Profilo SpA 25 –

19 Banco di Desio e della Brianza SpA 31 –



240 BPER Banca 960 0.05


1 Caltagirone Editore SpA 1 –



176 CNH Industrial NV 1,503 0.09




6 Danieli & C Officine Meccaniche SpA 113 0.01



3 El.En. SpA 63 –

29 ERG SpA 279 0.01

17 Esprinet SpA 115 0.01

20 Eurotech SpA 28 –

Shares (000's)

Value (000's)

USD





210 Fiat Chrysler Automobiles NV 1,610 0.10

267 Fincantieri SpA 117 0.01

67 FNM SpA 29 –

32 Geox SpA 63 –


116 IMMSI SpA 42 –

19 Infrastrutture Wireless Italiane SpA 80 –

64 Intek Group SpA 14 –



155 Leonardo-Finmeccanica SpA 2,009 0.12



50 OVS SpA 262 0.01



3 Prima Industrie SpA 43 –

103 Reno de Medici SpA 30 –

64 Retelit SpA 52 –

3 Sabaf SpA 27 –

4 SAES Getters SpA 45 –

17 Safilo Group SpA 134 0.01

2,697 Saipem SpA 1,215 0.07


156 Saras SpA 277 0.01

95 Societa Cattolica di Assicurazioni Scrl 533 0.03


20 Sogefi SpA 44 –

5 SOL SpA 39 –


5 Tod's SpA 276 0.01


459 Unione di Banche Italiane SpA 1,025 0.06





21,227 1.13

Japan - 10.68%

156 77 Bank Ltd 746 0.05

10 A&D Co Ltd 40 –



7 Agro-Kanesho Co Ltd 78 –

12 Ahresty Corp 110 0.01

5 Aichi Bank Ltd 262 0.01

12 Aichi Corp 89 –


1 Aichi Tokei Denki Co Ltd 39 –



11 Airport Facilities Co Ltd 56 –


18 Aizawa Securities Co Ltd 100 0.01


3 Albis Co Ltd 78 –

8 Alconix Corp 109 0.01

5 Alinco Inc 47 –


2 Alpha Corp 18 –

4 Alpha Systems Inc 65 –




Shares (000's)

Value (000's)

USD





4 Alps Logistics Co Ltd 20 –




5 AOI Pro Inc 35 –






9 Araya Industrial Co Ltd 12 –


12 Arcs Co Ltd 274 0.01

3 Argo Graphics Inc 63 –

23 Arisawa Manufacturing Co Ltd 127 0.01


2 Asahi Broadcasting Corp 15 –



3 Asahi Kogyosha Co Ltd 83 –




1 Asax Co Ltd 8 –

24 Ashimori Industry Co Ltd 33 –

10 Asia Pile Holdings Corp 43 –


6 Asunaro Aoki Construction Co Ltd 39 –

100 Atsugi Co Ltd 106 0.01


6 Avex Group Holdings Inc 77 –


4 Axell Corp 27 –



31 Bank of Kochi Ltd 34 –






1 Bank of Toyama Ltd 21 –


55 Best Denki Co Ltd 74 –

1 Bookoff Corp 6 –


3 C Uyemura & Co Ltd 102 0.01

2 C'BON Cosmetics Co Ltd 38 –


64 Calsonic Kansei Corp 1,000 0.06



15 Carlit Holdings Co Ltd 69 –


2 Central Automotive Products Ltd 16 –


25 Chiba Kogyo Bank Ltd 117 0.01

– Chino Corp 4 –


7 Chiyoda Integre Co Ltd 139 0.01



Shares (000's)

Value (000's)

USD








79 Chugoku Bank Ltd 1,081 0.07


6 Chukyo Bank Ltd 124 0.01

9 Chuo Spring Co Ltd 24 –

4 Chuo Warehouse Co Ltd 33 –


19 CKD Corp 231 0.01


34 CMK Corp 178 0.01


23 Coca-Cola West Co Ltd 666 0.05

11 Computer Institute of Japan Ltd 48 –



10 Corona Corp 101 0.01






13 Dai-Dan Co Ltd 107 0.01

3 Dai-ichi Seiko Co Ltd 36 –


14 Daido Kogyo Co Ltd 30 –



12 Daidoh Ltd 42 –

6 Daihatsu Diesel Manufacturing Co Ltd 37 –



24 Daiichi Jitsugyo Co Ltd 142 0.01

3 Daiichi Kensetsu Corp 31 –

2 Daiichi Kigenso Kagaku-Kogyo Co Ltd 53 –

7 Daiken Corp 116 0.01

11 Daiki Aluminium Industry Co Ltd 49 –

3 Daikoku Denki Co Ltd 42 –

117 Daikyo Inc 250 0.01

3 Dainichi Co Ltd 19 – 27

Dainichiseika Color & Chemicals Manufacturing Co Ltd 144 0.01




3 Daishinku Corp 29 –

1 Daisue Construction Co Ltd 11 –

25 Daito Bank Ltd 37 –

2 Daito Electron Co Ltd 14 –






11 Denyo Co Ltd 141 0.01

21 Dexerials Corp 177 0.01

31 DIC Corp 984 0.06

30 DKS Co Ltd 93 –




3 DSB Co Ltd 14 –




Shares (000's)

Value (000's)

USD







5 Dynic Corp 7 –



4 Ebara Jitsugyo Co Ltd 48 –



11 Eidai Co Ltd 47 –


10 Eizo Corp 288 0.02




8 ESPEC Corp 93 –

3 Excel Co Ltd 43 –


7 F-Tech Inc 75 –

2 Faith Inc 21 –

2 FALCO HOLDINGS Co Ltd 27 –


15 FCC Co Ltd 264 0.01

67 Feed One Co Ltd 89 –


113 FIDEA Holdings Co Ltd 192 0.01

9 Fields Corp 112 0.01

4 First Juken Co Ltd 56 –

9 FJ Next Co Ltd 56 –


13 France Bed Holdings Co Ltd 104 0.01



13 Fuji Kiko Co Ltd 49 –


17 Fuji Media Holdings Inc 236 0.01








8 Fujikura Rubber Ltd 47 –



29 Fujisash Co Ltd 28 –

3 Fujishoji Co Ltd 31 –



3 FuKoKu Co Ltd 19 –



362 Fukuoka Financial Group Inc 1,594 0.10










Shares (000's)

Value (000's)

USD









8 Gecoss Corp 69 –


– Geomatec Co Ltd 1 –


18 Glory Ltd 594 0.04



3 Grandy House Corp 10 –


24 GSI Creos Corp 25 –

2 Gun-Ei Chemical Industry Co Ltd 53 –


65 Gunze Ltd 217 0.01

11 H-One Co Ltd 101 0.01


199 Hachijuni Bank Ltd 1,084 0.07

2 Hagihara Industries Inc 38 –

4 Hagiwara Electric Co Ltd 73 –

1 Hakudo Co Ltd 11 –



19 HANEDA ZENITH HOLDINGS Co Ltd 53 –



8 Harima Chemicals Group Inc 50 –

3 Haruyama Trading Co Ltd 23 –




13 Helios Techno Holding Co Ltd 52 –

10 HI-LEX CORP 242 0.01

8 Hibiya Engineering Ltd 119 0.01

6 Hirakawa Hewtech Corp 75 –

4 Hirano Tecseed Co Ltd 39 –

240 Hiroshima Bank Ltd 1,075 0.07

1 Hiroshima Electric Railway Co Ltd 4 –






17 Hitachi Maxell Ltd 293 0.02





15 Hokkan Holdings Ltd 54 –

12 Hokko Chemical Industry Co Ltd 39 –






29 Hokuriku Electric Industry Co Ltd 33 –

5 Hokuriku Electrical Construction Co Ltd 37 –


17 Hoosiers Holdings 90 –





Shares (000's)

Value (000's)

USD





5 Howa Machinery Ltd 24 –

4 Hurxley Corp 33 –



5 I-O Data Device Inc 53 –



10 Ichiken Co Ltd 38 –

13 Ichikoh Industries Ltd 43 –


5 Icom Inc 77 –

9 Idec Corp 81 –



11 IJT Technology Holdings Co Ltd 45 –

21 Ikegami Tsushinki Co Ltd 27 –

3 Imagica Robot Holdings Inc 19 –



6 Inaba Seisakusho Co Ltd 72 –


11 Ines Corp 117 0.01

15 Innotech Corp 69 –


4 Ise Chemicals Corp 18 –

90 Iseki & Co Ltd 180 0.01



8 Ishizuka Glass Co Ltd 13 –


3 Itochu-Shokuhin Co Ltd 101 0.01




4 Iwaki & Co Ltd 7 –


20 Iwatsu Electric Co Ltd 15 –

1 Iwatsuka Confectionery Co Ltd 41 –


5 Izutsuya Co Ltd 17 –






10 Japan Asia Group Ltd 33 –




9 Japan Foundation Engineering Co Ltd 26 –

44 Japan Pulp & Paper Co Ltd 135 0.01





– Jastec Co Ltd 4 –

4 JBCC Holdings Inc 22 –

71 Jimoto Holdings Inc 120 0.01

5 JK Holdings Co Ltd 25 –

11 JMS Co Ltd 28 –

4 Joban Kosan Co Ltd 50 –


Shares (000's)

Value (000's)

USD




7 JSP Corp 176 0.01

11 Juki Corp 92 –


60 JVC Kenwood Corp 170 0.01

7 K&O Energy Group Inc 101 0.01




11 Kamei Corp 100 0.01

111 Kamigumi Co Ltd 1,030 0.06

11 Kanaden Corp 97 0.01





4 Kaneko Seeds Co Ltd 56 –



11 Kasai Kogyo Co Ltd 127 0.01

23 Katakura & Co-op Agri Corp 44 –



4 Kato Works Co Ltd 104 0.01

2 Kawada Technologies Inc 141 0.01

2 Kawai Musical Instruments Manufacturing Co Ltd 43 –


8 Kawasumi Laboratories Inc 47 –

21 Keihanshin Building Co Ltd 108 0.01

21 Keihin Co Ltd 28 –




29 Kimoto Co Ltd 63 –

12 Kimura Chemical Plants Co Ltd 34 –

1 Kimura Unity Co Ltd 10 –


2 Kinki Sharyo Co Ltd 36 –


5 Kirindo Holdings Co Ltd 34 –




21 Kitano Construction Corp 58 –

10 Kito Corp 98 0.01

38 Kitz Corp 221 0.01


14 Koa Corp 126 0.01


150 Kobe Steel Ltd 1,435 0.09

11 Kogi Corp 25 –


3 Kohsoku Corp 23 –

24 Kojima Co Ltd 55 –


3 Komaihaltec Inc 53 –

5 Komatsu Wall Industry Co Ltd 77 –





6 Kondotec Inc 43 –






Shares (000's)

Value (000's)

USD




1 Kosaido Co Ltd 4 –

9 Kosei Securities Co Ltd 13 –

35 Krosaki Harima Corp 98 0.01

2 KRS Corp 37 –

4 KU Holdings Co Ltd 32 –




6 Kurimoto Ltd 125 0.01

2 Kuriyama Holdings Corp 25 –


100 KYB Corp 461 0.02



15 Kyokuto Boeki Kaisha Ltd 30 –





20 Kyoritsu Printing Co Ltd 54 –


6 Kyowa Electronic Instruments Co Ltd 23 –


8 Kyowa Leather Cloth Co Ltd 54 –


3 Land Business Co Ltd 7 –

10 Laox Co Ltd 65 –

2 LEC Inc 70 –


2 Lonseal 43 –

13 Look Inc 20 –





5 Maezawa Kyuso Industries Co Ltd 64 –


3 Mamiya-Op Co Ltd 36 –




4 Marufuji Sheet Piling Co Ltd 8 –

2 Maruka Machinery Co Ltd 24 –


10 Maruyama Manufacturing Co Inc 17 –

4 Maruzen CHI Holdings Co Ltd 11 –

7 Maruzen Co Ltd 67 –


8 Matsuda Sangyo Co Ltd 98 0.01


15 Max Co Ltd 177 0.01

2 Maxvalu Nishinihon Co Ltd 27 –

4 Maxvalu Tokai Co Ltd 58 –

390 Mebuki Financial Group Inc 1,439 0.09



2 Meiji Electric Industries Co Ltd 23 –

5 Meiji Shipping Co Ltd 17 –

5 Meiko Electronics Co Ltd 28 –


6 Meito Sangyo Co Ltd 76 –

11 Meiwa Corp 36 –

9 Meiwa Estate Co Ltd 52 –

Shares (000's)

Value (000's)

USD








5 Mikuni Corp 16 –

5 Mimaki Egineering Co Ltd 26 –




1 Miraial Co Ltd 11 –


17 Misawa Homes Co Ltd 149 0.01


7 Mitani Sangyo Co Ltd 20 –



89 Mitsubishi Gas Chemical Co Inc 1,369 0.08

32 Mitsubishi Kakoki Kaisha Ltd 59 –


53 Mitsubishi Materials Corp 1,583 0.09











8 Mitsui Matsushima Co Ltd 94 0.01


554 Mitsui OSK Lines Ltd 1,450 0.09




15 Mitsuuroko Group Holdings Co Ltd 94 0.01

27 Miyaji Engineering Group Inc 48 –


34 Miyoshi Oil & Fat Co Ltd 42 –


12 Modec Inc 182 0.01


4 MORESCO Corp 50 –


4 Morito Co Ltd 29 –

17 Morozoff Ltd 68 –

4 Mory Industries Inc 69 –

13 Mr Max Corp 47 –

3 Murakami Corp 67 –



5 Mutoh Holdings Co Ltd 12 –

6 NAC Co Ltd 47 –




6 Nagano Keiki Co Ltd 36 –


18 Nakabayashi Co Ltd 40 –

– Nakamuraya Co Ltd 8 –

3 Nakano Corp 15 –

2 Nakano Refrigerators Co Ltd 50 –




Shares (000's)

Value (000's)

USD




14 Nakayama Steel Works Ltd 88 –

4 Nakayamafuku Co Ltd 29 –

9 Nakayo Inc 29 –



19 Narasaki Sangyo Co Ltd 49 –

1 NDS Co Ltd 35 –




17 Neturen Co Ltd 139 0.01

18 New Japan Chemical Co Ltd 25 –



53 Nice Holdings Inc 71 –

4 Nichia Steel Works Ltd 10 –


7 Nichiban Co Ltd 52 –




5 NichiiGakkan Co Ltd 36 –


4 Nichirin Co Ltd 59 –


3 Nihon Eslead Corp 39 –

4 Nihon Flush Co Ltd 41 –


23 Nihon Nohyaku Co Ltd 127 0.01

4 Nihon Plast Co Ltd 34 –

9 Nihon Tokushu Toryo Co Ltd 105 0.01



2 Nikko Co Ltd 40 –


6 Nippi Inc 46 –


7 Nippon Beet Sugar Manufacturing Co Ltd 127 0.01

42 Nippon Carbide Industries Co Inc 55 –

58 Nippon Carbon Co Ltd 128 0.01



30 Nippon Chemical Industrial Co Ltd 63 –


117 Nippon Coke & Engineering Co Ltd 103 0.01


69 Nippon Denko Co Ltd 138 0.01


202 Nippon Electric Glass Co Ltd 1,091 0.07

2 Nippon Felt Co Ltd 9 –

4 Nippon Filcon Co Ltd 20 –

5 Nippon Fine Chemical Co Ltd 33 –




2 Nippon Kinzoku Co Ltd 23 –


46 Nippon Koshuha Steel Co Ltd 36 –



11 Nippon Pillar Packing Co Ltd 117 0.01


1 Nippon Rietec Co Ltd 9 –

Shares (000's)

Value (000's)

USD






8 Nippon Seisen Co Ltd 38 –









3 Nippon View Hotel Co Ltd 42 –


779 Nippon Yusen KK 1,473 0.09






15 Nissan Tokyo Sales Holdings Co Ltd 37 –

– Nissei Corp 4 –

10 Nissei Plastic Industrial Co Ltd 95 0.01

10 Nisshin Fudosan Co 45 –









7 Nitta Gelatin Inc 47 –

6 Nittan Valve Co Ltd 21 –

2 Nittetsu Mining Co Ltd 97 0.01


5 Nitto FC Co Ltd 42 –

– Nitto Fuji Flour Milling Co Ltd 13 –


5 Nitto Kohki Co Ltd 106 0.01

17 Nitto Seiko Co Ltd 64 –


5 Nittoku Engineering Co Ltd 67 –

2 NJS Co Ltd 23 –

6 Noda Corp 33 –

57 NOF Corp 533 0.03

37 NOK Corp 739 0.05



8 Noritsu Koki Co Ltd 54 –



3 Nozawa Corp 27 –

68 NS United Kaiun Kaisha Ltd 125 0.01

213 NTN Corp 819 0.05

2 NuFlare Technology Inc 86 –

26 OAK Capital Corp 41 –


2 Odelic Co Ltd 65 –

21 Oenon Holdings Inc 47 –



2 Ohmoto Gumi Co Ltd 14 –





Shares (000's)

Value (000's)

USD






8 Okamoto Machine Tool Works Ltd 10 –



26 OKK Corp 27 –



22 Okura Industrial Co Ltd 99 0.01

10 Okuwa Co Ltd 103 0.01

3 Olympic Group Corp 17 –

5 ONO Sokki Co Ltd 36 –




8 Origin Electric Co Ltd 21 –

10 Osaka Organic Chemical Industry Ltd 69 –

33 Osaka Soda Co Ltd 136 0.01



9 Otsuka Kagu Ltd 101 0.01

5 OUG Holdings Inc 11 –

7 Oyo Corp 87 –



4 Pack Corp 87 –

15 Paltac Corporation 333 0.02


8 Panasonic Industrial Devices SUNX Co Ltd 48 –


10 Paris Miki Holdings Inc 37 –


6 Pegasus Sewing Machine Manufacturing Co Ltd 37 –



1 Plant Co Ltd 10 –

13 Pocket Card Co Ltd 67 –


57 Prospect Co Ltd 21 –

4 Proto Corp 43 –

21 PS Mitsubishi Construction Co Ltd 69 –

5 Punch Industry Co Ltd 40 –

43 Rasa Industries Ltd 50 –


8 Renesas Easton Co Ltd 32 –


5 Renown Inc 4 –

11 Rheon Automatic Machinery Co Ltd 85 –


6 Riberesute Corp 40 –






1 Riken Vitamin Co Ltd 27 –

5 Rion Co Ltd 70 –




71 Ryobi Ltd 288 0.02

15 Ryoden Corp 98 0.01


Shares (000's)

Value (000's)

USD





– S&B Foods Inc 17 –


20 Sakai Heavy Industries Ltd 49 –


3 Sakai Ovex Co Ltd 48 –


17 Sala Corp 96 0.01

4 SAMTY Co Ltd 41 –

1 San Holdings Inc 15 –




4 Sanei Architecture Planning Co Ltd 53 –




2 Sanko Metal Industrial Co Ltd 56 –

10 Sankyo Seiko Co Ltd 32 –


101 Sankyu Inc 595 0.04


16 Sanoyas Holdings Corp 43 –

2 Sansei Technologies Inc 16 –

7 Sansha Electric Manufacturing Co Ltd 30 –

11 Sanshin Electronics Co Ltd 94 0.01

1 Sanyei Corp 37 –



8 Sanyo Engineering & Construction Inc 44 –

4 Sanyo Housing Nagoya Co Ltd 30 –



5 Sanyo Trading Co Ltd 73 –

9 Sata Construction Co Ltd 35 –

4 Sato Shoji Corp 31 –

4 Satori Electric Co Ltd 24 –

13 Sawada Holdings Co Ltd 95 0.01

17 Saxa Holdings Inc 33 –

100 SBI Holdings Inc 1,273 0.08


9 Scroll Corp 27 –

1 Secom Joshinetsu Co Ltd 26 –

3 Seibu Electric Industry Co Ltd 51 –

18 Seika Corp 52 –








4 Senshu Electric Co Ltd 65 –



2 Shibaura Electronics Co Ltd 40 –

25 Shibaura Mechatronics Corp 58 –




31 Shikibo Ltd 38 –






Shares (000's)

Value (000's)

USD






1 Shimane Bank Ltd 11 –

5 Shimizu Bank Ltd 143 0.01

6 Shimojima Co Ltd 53 –

7 Shin Nippon Air Technologies Co Ltd 76 –


27 Shinagawa Refractories Co Ltd 60 –


7 Shinkawa Ltd 41 –



12 Shinko Shoji Co Ltd 125 0.01



836 Shinsei Bank Ltd 1,362 0.08

3 Shinsho Corp 54 –


2 Shizuki Electric Co Inc 11 –


7 Shobunsha Publications Inc 38 –

6 Shoei Foods Corp 95 0.01

7 Shofu Inc 77 –

6 Showa Aircraft Industry Co Ltd 53 –


74 Showa Denko KK 1,008 0.06







3 SK-Electronics Co Ltd 20 –


21 SMK Corp 80 –

8 SNT Corp 42 –

5 Soda Nikka Co Ltd 22 –

20 Sodick Co Ltd 157 0.01

3 Soft99 Corp 21 –

602 Sojitz Corp 1,547 0.09

5 Soken Chemical & Engineering Co Ltd 48 –

1 Sotoh Co Ltd 12 –

1 SPK Corp 19 –

3 ST Corp 38 –

3 Starzen Co Ltd 108 0.01

2 Step Co Ltd 26 –

4 Sugimoto & Co Ltd 59 –


32 Sumiseki Holdings Inc 27 –




261 Sumitomo Heavy Industries Ltd 1,602 0.10


20 Sumitomo Precision Products Co Ltd 61 –



64 Sumitomo Rubber Industries Ltd 1,073 0.07



4 Sun-Wa Technos Corp 31 –

8 Suncall Corp 38 –

139 SWCC Showa Holdings Co Ltd 104 0.01

Shares (000's)

Value (000's)

USD










4 Tachikawa Corp 29 –



477 Taiheiyo Cement Corp 1,512 0.09

38 Taiheiyo Kouhatsu Inc 32 –




2 Taisei Lamick Co Ltd 57 –


4 Takachiho Koheki Co Ltd 36 –

15 Takagi Securities Co Ltd 24 –


2 Takano Co Ltd 15 –





20 Takashima & Co Ltd 33 –

145 Takashimaya Co Ltd 1,216 0.07


4 Take And Give Needs Co Ltd 28 –

4 TAKEBISHI Corp 33 –

14 Takeei Corp 108 0.01

2 Taki Chemical Co Ltd 14 –

3 Takigami Steel Construction Co Ltd 12 –

8 Takihyo Co Ltd 30 –

23 Takiron Co Ltd 102 0.01

15 Takisawa Machine Tool Co Ltd 20 –


4 Tama Home Co Ltd 21 –

9 Tamron Co Ltd 156 0.01


27 Tatsuta Electric Wire and Cable Co Ltd 112 0.01

13 Tayca Corp 70 –

5 TBK Co Ltd 21 –

2 Techno Medica Co Ltd 38 –

2 Techno Ryowa Ltd 11 –



31 Teikoku Tsushin Kogyo Co Ltd 46 –


7 Tigers Polymer Corp 44 –

33 TIS Inc 698 0.05

4 TKC Corp 101 0.01



25 Toa Oil Co Ltd 33 –


3 Toabo Corp 14 –


1 Tobu Store Co Ltd 17 –



88 Toda Corp 498 0.03

31 Toda Kogyo Corp 78 –

32 Toei Co Ltd 260 0.01




Shares (000's)

Value (000's)

USD





8 Togami Electric Manufacturing Co Ltd 31 –






8 Tohokushinsha Film Corp 47 –

1 Tohto Suisan Co Ltd 17 –


23 Tokai Lease Co Ltd 40 –




18 Tokyo Broadcasting System Holdings Inc 292 0.02


2 Tokyo Electron Device Ltd 29 –


31 Tokyo Keiki Inc 59 –


10 Tokyo Rakutenchi Co Ltd 44 –

6 Tokyo Sangyo Co Ltd 24 –


19 Tokyo Tekko Co Ltd 78 –

40 Tokyo Theatres Co Inc 65 –




9 Tokyu Recreation Co Ltd 61 –

22 Toli Corp 74 –


1 Tomen Devices Corp 20 –

9 Tomoe Corp 29 –

4 Tomoe Engineering Co Ltd 47 –

36 Tomoku Co Ltd 102 0.01


37 Tonami Holdings Co Ltd 113 0.01




5 Torex Semiconductor Ltd 65 –

9 Torigoe Co Ltd 61 –



16 Tosei Corp 117 0.01




111 Tosoh Corp 758 0.05

2 Totech Corp 27 –


3 Toukei Computer Co Ltd 53 –


7 Towa Corp 83 –



7 Toyo Corp 55 –

4 Toyo Denki Seizo KK 52 –





10 Toyo Machinery & Metal Co Ltd 39 –

Shares (000's)

Value (000's)

USD





78 Toyo Seikan Group Holdings Ltd 1,483 0.08



25 Toyo Wharf & Warehouse Co Ltd 41 –



8 TPR Co Ltd 213 0.01




4 Tsubakimoto Kogyo Co Ltd 12 –

16 Tsudakoma Corp 22 –


7 Tsukada Global Holdings Inc 43 –





8 TTK Co Ltd 34 –


6 Tv Tokyo Holdings Corp 125 0.01

13 U-Shin Ltd 83 –

134 UACJ Corp 390 0.02

512 Ube Industries Ltd 1,080 0.07

20 Uchida Yoko Co Ltd 80 –

11 Uchiyama Holdings Co Ltd 40 –

15 Ueki Corp 30 –

8 UKC Holdings Corp 150 0.01

20 Uniden Holdings Corp 28 –

3 Union Tool Co 67 –



9 Universal Entertainment Corp 232 0.01


53 Ushio Inc 653 0.04

11 Utoc Corp 41 –

1 Village Vanguard Co Ltd 11 –

19 Vital KSK Holdings Inc 165 0.01

3 Vitec Holdings Co Ltd 31 –




6 Warabeya Nichiyo Holdings Co Ltd 129 0.01

24 Wood One Co Ltd 57 –


7 Y A C Co Ltd 81 –

3 Yachiyo Industry Co Ltd 25 –

13 Yahagi Construction Co Ltd 115 0.01

4 Yaizu Suisankagaku Industry Co Ltd 32 –



95 Yamaguchi Financial Group Inc 1,000 0.06




7 Yamato Corp 32 –

5 Yamato International Inc 19 –


2 Yamaya Corp 28 –

2 Yamazawa Co Ltd 26 –


6 Yashima Denki Co Ltd 29 –




Shares (000's)

Value (000's)

USD










4 Yokowo Co Ltd 30 –


17 Yondenko Corp 65 –

8 Yorozu Corp 120 0.01

21 Yuasa Funashoku Co Ltd 54 –


20 Yuken Kogyo Co Ltd 36 –


12 Yusen Logistics Co Ltd 118 0.01


2 Yutaka Giken Co Ltd 31 –

12 Zenitaka Corp 45 –

75 Zeon Corp 687 0.05

200,435 10.68

Netherlands - 0.79%


184 Aegon NV 935 0.05


31 APERAM SA 1,375 0.08


32 ASM International NV 1,356 0.07


43 Boskalis Westminster 1,336 0.07

224 Delta Lloyd NV 1,287 0.07

15 Fugro NV 242 0.01



2 Hunter Douglas NV 93 –

12 KAS Bank NV 106 0.01



22 Koninklijke DSM NV 1,329 0.07

53 NN Group NV 1,712 0.10

55 Ordina NV 109 0.01


123 SBM Offshore NV 1,769 0.10


25 TomTom NV 202 0.01

4 Van Lanschot NV 79 –

14,849 0.79

New Zealand - 0.25%


40 Arvida Group Ltd 33 –


162 Chorus Ltd 452 0.03


32 Evolve Education Group Ltd 24 –


7 Hellaby Holdings Ltd 16 –





124 New Zealand Oil & Gas Ltd 55 –


72 NZME Ltd 27 –

109 PGG Wrightson Ltd 36 –

Shares (000's)

Value (000's)

USD





5 Ryman Healthcare Ltd 29 –

6 Sanford Ltd 29 –







5 Synlait Milk Ltd 11 –


62 Tower Ltd 31 –



4,676 0.25

Norway - 0.48%

121 Akastor ASA 176 0.01

12 Aker ASA 451 0.02



15 Atea ASA 138 0.01


8 Bonheur ASA 52 –

36 BW LPG Ltd 114 0.01

2,936 BW Offshore Ltd 134 0.01

73 Deep Sea Supply PLC 11 –

329 DNO ASA 288 0.02

343 DOF ASA 30 –


24 Frontline Ltd 171 0.01




11 Kongsberg Gruppen ASA 159 0.01

117 Kvaerner ASA 141 0.01

33 Norske Skogindustrier ASA 11 –

23 Ocean Yield ASA 183 0.01

9 Odfjell Drilling Ltd 15 –

– Odfjell SE 1 –



386 Prosafe SE 13 –

13 Q-Free ASA 10 –

1,324 REC Silicon ASA 145 0.01


12 Sevan Marine ASA 22 –

3 Solstad Offshore ASA 4 –

337 Songa Offshore 9 –

21 SpareBank 1 SMN 154 0.01




143 Subsea 7 SA 1,679 0.08



35 Wilh Wilhelmsen ASA 115 0.01

6 Wilh Wilhelmsen Holding ASA 136 0.01

9,087 0.48

Portugal - 0.13%








Shares (000's)

Value (000's)

USD



Portugal - 0.13% (continued)

68 Mota-Engil SGPS SA 108 0.01

2 Navigator Co SA 6 –

11 Semapa-Sociedade de Investimento e Gestao 143 0.01

55 Sonae Capital SGPS SA 42 –



2,355 0.13

Singapore - 0.47%

39 Abterra Ltd 16 –

223 Accordia Golf Trust 104 0.01

48 Amara Holdings Ltd 13 –

90 ASL Marine Holdings Ltd 8 –

138 AusGroup Ltd 4 –

31 Baker Technology Ltd 13 –

81 Banyan Tree Holdings Ltd 21 –


62 Centurion Corp Ltd 14 –

112 China Aviation Oil Singapore Corp Ltd 105 0.01



44 Chuan Hup Holdings Ltd 7 –

38 Cityneon Holdings Ltd 27 –


17 Creative Technology Ltd 11 –


24 CWT Ltd 33 –

223 DMX Technologies Group Ltd 7 –

9 Elec & Eltek International Co Ltd 8 –


1,374 Ezra Holdings Ltd 41 –

91 Falcon Energy Group Ltd 10 –



76 Fu Yu Corp Ltd 10 –

64 GK Goh Holdings Ltd 36 –

2,605 Golden Agri-Resources Ltd 782 0.05

76 GuocoLand Ltd 99 0.01


99 Hanwell Holdings Ltd 16 –


47 Hi-P International Ltd 16 –

23 Hiap Hoe Ltd 11 –

69 Ho Bee Land Ltd 100 0.01


46 Hong Leong Asia Ltd 22 –


32 Hotel Grand Central Ltd 31 –

10 Hour Glass Ltd 5 –

2,057 Hutchison Port Holdings Trust 861 0.06

33 Hwa Hong Corp Ltd 7 –

305 Hyflux Ltd 103 0.01



84 KrisEnergy Ltd 10 –

121 KSH Holdings Ltd 46 –


72 Low Keng Huat Singapore Ltd 30 –

33 Lum Chang Holdings Ltd 8 –




4,275 Noble Group Ltd 474 0.03

121 Olam International Ltd 169 0.01

Shares (000's)

Value (000's)

USD




159 OUE Ltd 195 0.01

91 Pacc Offshore Services Holdings Ltd 19 –

195 Raffles Education Corp Ltd 26 –


105 Rickmers Maritime 2 –

119 Rowsley Ltd 10 –



107 SHS Holdings Ltd 15 –



46 Sing Holdings Ltd 10 –

32 Sing Investments & Finance Ltd 27 –




137 Swiber Holdings Ltd 8 –





68 United Industrial Corp Ltd 129 0.01



117 Valuetronics Holdings Ltd 43 –


13 Venture Corp Ltd 88 –

135 Vibrant Group Ltd 32 –




422 Yuuzoo Corp Ltd 45 –

8,754 0.47

Spain - 0.92%

16 Acciona SA 1,054 0.06


50 ACS Actividades de Construccion y Servicios SA 1,484 0.08




3 Azkoyen SA 18 –

2,726 Banco de Sabadell SA 3,399 0.18


207 Bankinter SA 1,555 0.08

1 Baron de Ley 109 0.01

7 Cementos Portland Valderrivas SA 44 –


151 Deoleo SA 33 –


36 eDreams Odigeo SA 103 0.01

8 Elecnor SA 72 –


62 Ercros SA 124 0.01

13 Euskaltel SA 111 0.01

16 Fluidra SA 67 –



– Iberpapel Gestion SA 1 –

2 Iberpapel Gestion SA (voting rights) 53 –


539 Mapfre SA 1,615 0.09






Shares (000's)

Value (000's)

USD








25 Quabit Inmobiliaria SA 49 –

31 Realia Business SA 29 –

173 Sacyr SA 361 0.02

23 Talgo SA 116 0.01

16 Tecnocom Telecomunicaciones y Energia SA 66 –




33 Vocento SA 39 –

17,351 0.92

Sweden - 1.05%

9 AAK AB 523 0.04

45 Acando AB 119 0.01

2 AddNode Group AB 10 –

23 AF AB 404 0.02

4 Arise AB 10 –

11 B&B Tools AB 230 0.01

2 BE Group AB 8 –


– Beijer Electronics AB 2 –


70 BillerudKorsnas AB 1,163 0.07

13 Biotage AB 67 –

8 Bjorn Borg AB 28 –

39 Boliden AB 1,012 0.06

1 Bonava AB 15 –


11 Bulten AB 102 0.01



3 Cavotec SA 8 –

112 Cloetta AB 354 0.02


15 Concordia Maritime AB 22 –

9 Doro AB 52 –

15 Duni AB 184 0.01

18 Dustin Group AB 118 0.01


4 Elanders AB 41 –

46 Elekta AB 384 0.02

– Elos Medtech AB 3 –

6 Eltel AB 33 –

3 Enea AB 30 –



19 Gunnebo AB 83 –

11 Haldex AB 139 0.01


9 Hoist Finance AB 85 –

22 Holmen AB 752 0.04



25 Inwido AB 243 0.01

21 JM AB 570 0.03

25 KappAhl AB 120 0.01

6 KNOW IT AB 57 –


21 Loomis AB 565 0.03

4 Medivir AB 31 –

Shares (000's)

Value (000's)

USD








25 New Wave Group AB 126 0.01


27 Nobia AB 222 0.01

8 Nolato AB 219 0.01



5 Pandox AB 70 –

70 Peab AB 542 0.03

85 Pricer AB 78 –


92 Ratos AB 379 0.02


41 Rezidor Hotel Group AB 146 0.01

51 Rottneros AB 42 –

21 Saab AB 795 0.04


5 Semcon AB 23 –


16 SSAB AB 61 –




20 Sweco AB 399 0.02

10 Swedol AB 25 –


14 Tele2 AB 110 0.01

123 Tele2 AB, Class B 941 0.06




19,686 1.05

Switzerland - 1.94%


8 Allreal Holding AG 1,102 0.06

2 Alpiq Holding AG 138 0.01

2 ALSO Holding AG 131 0.01

41 Aryzta AG 1,748 0.09

1 Bachem Holding AG 95 0.01

27 Baloise Holding AG 3,306 0.18

3 Bank Coop AG 107 0.01

– Banque Cantonale de Geneve 110 0.01

1 Banque Cantonale Vaudoise 685 0.04

1 Basler Kantonalbank 93 –

1 Bell AG 226 0.01


2 Berner Kantonalbank AG 392 0.02




– Carlo Gavazzi Holding AG 37 –


– Cham Paper Holding AG 20 –

6 Charles Voegele Holding AG 38 –

– Cicor Technologies 13 –

1 Cie Financiere Tradition SA 104 0.01

139 Clariant AG 2,250 0.12

1 Conzzeta AG 412 0.02


11 Dufry AG 1,366 0.07




Shares (000's)

Value (000's)

USD





1 Emmi AG 532 0.03


1 Feintool International Holding AG 103 0.01

9 Flughafen Zuerich AG 1,489 0.08


1 Georg Fischer AG 782 0.04


4 Helvetia Holding AG 1,895 0.10


5 Huber & Suhner AG 284 0.02


1 Jungfraubahn Holding AG 90 –


5 Lastminute.com NV 66 –


2 Luzerner Kantonalbank AG 594 0.03

1 MCH Group AG 90 –


1 Mikron Holding AG 9 –




– Orell Fuessli Holding AG 33 –

3 Orior AG 211 0.01


1 Plazza AG 132 0.01

2 Rieter Holding AG 281 0.01

– Romande Energie Holding SA 108 0.01


285 Schmolz + Bickenbach AG 185 0.01

1 Schweiter Technologies AG 537 0.03


2 Siegfried Holding AG 331 0.02

1 St Galler Kantonalbank AG 559 0.03


17 Swiss Life Holding AG 4,798 0.25

7 Swissquote Group Holding SA 156 0.01

1 Tamedia AG 183 0.01

1 Thurgauer Kantonalbank 65 –


2 Valora Holding AG 474 0.03

1 Vaudoise Assurances Holding SA 261 0.01



1 VP Bank AG 92 –





36,404 1.94


419 3i Group PLC 3,606 0.20



30 Acal PLC 80 –


101 Aggreko PLC 1,035 0.06

43 Aldermore Group PLC 116 0.01

188 AMEC PLC 1,023 0.05

75 Anglo Pacific Group PLC 109 0.01


181 Antofagasta PLC 1,560 0.08

Shares (000's)

Value (000's)

USD




100 Babcock International Group PLC 1,192 0.06


440 Barratt Developments PLC 2,578 0.14

405 BBA Aviation PLC 1,329 0.07

216 Beazley PLC 1,028 0.05

57 Bellway PLC 1,733 0.09

49 Berkeley Group Holdings PLC 1,530 0.08








72 BTG PLC 525 0.03


33 Cambian Group PLC 53 –

61 Cape PLC 109 0.01

4 Carclo PLC 5 –





17 Centaur Media PLC 8 –






62 Close Brothers Group PLC 1,060 0.06

604 Cobham PLC 1,238 0.07

59 Coca-Cola HBC AG 1,253 0.07





67 Countrywide PLC 144 0.01




550 Direct Line Insurance Group PLC 2,388 0.13

397 Dixons Carphone PLC 1,647 0.09


345 DS Smith PLC 1,697 0.09







43 Entertainment One Ltd 118 0.01


125 Evraz PLC 375 0.02

100 Fenner PLC 304 0.02

71 Ferrexpo PLC 116 0.01


25 Findel PLC 63 –




78 Foxtons Group PLC 103 0.01

11 Fuller Smith & Turner PLC 130 0.01





Shares (000's)

Value (000's)

USD




5 GAME Digital PLC 3 –


16 Genus PLC 371 0.02

602 GKN PLC 2,332 0.12


143 Greene King PLC 1,228 0.07

4 GVC Holdings PLC 29 –




409 Henderson Group PLC 1,184 0.06


119 Hiscox Ltd 1,560 0.08


4 HSS Hire Group PLC 5 –




177 Inchcape PLC 1,345 0.07

144 Informa PLC 1,173 0.06

122 Intermediate Capital Group PLC 1,036 0.06

61 International Ferro Metals Ltd – –



280 Investec PLC 1,818 0.10


760 J Sainsbury PLC 2,195 0.12


7 Jimmy Choo PLC 12 –

163 John Wood Group PLC 1,685 0.09

55 Johnson Matthey PLC 2,162 0.12






122 Laird PLC 236 0.01

90 Lamprell PLC 98 0.01


53 Lavendon Group PLC 144 0.01

135 Lonmin PLC 253 0.01




188 Management Consulting Group PLC 46 –

679 Marks & Spencer Group PLC 2,788 0.16



22 McColl's Retail Group PLC 48 –


340 Meggitt PLC 2,009 0.11

880 Melrose Industries PLC 2,016 0.11




3 MJ Gleeson PLC 19 –





4 Norcros PLC 8 –



Shares (000's)

Value (000's)

USD










110 Persimmon PLC 2,341 0.12


1,099 Petropavlovsk PLC 98 0.01

99 Pets at Home Group PLC 264 0.01

168 Phoenix Group Holdings 1,486 0.08



3 Porvair PLC 15 –





28 Randgold Resources Ltd 2,042 0.11



107 Redrow PLC 547 0.03

37 Renold PLC 20 –


412 Royal Mail PLC 2,415 0.13



315 RSA Insurance Group PLC 2,126 0.11

1 S&U PLC 19 –

13 Saga PLC 31 –

5 Savills PLC 41 –

27 SDL PLC 143 0.01

196 Senior PLC 453 0.02




26 Shawbrook Group PLC 81 –

269 SIG PLC 300 0.02

135 Smiths Group PLC 2,389 0.13


49 Spectris PLC 1,252 0.07









32 Stock Spirits Group PLC 68 –

166 Tate & Lyle PLC 1,401 0.07

1,001 Taylor Wimpey PLC 1,852 0.10

107 Travis Perkins PLC 1,801 0.10

29 Tribal Group PLC 20 –

28 Trifast PLC 67 –




439 Tullow Oil PLC 1,643 0.09

3 Tyman PLC 10 –

58 U & I Group PLC 118 0.01

142 UBM PLC 1,265 0.07





Shares (000's)

Value (000's)

USD










2 Vp PLC 20 –


302 William Hill PLC 1,136 0.06

9 Wizz Air Holdings PLC 194 0.01

1,020 WM Morrison Supermarkets PLC 2,773 0.16

30 Xaar PLC 147 0.01

120,282 6.41


17 1-800-Flowers.com Inc 177 0.01

2 1st Constitution Bancorp 37 –




3 A-Mark Precious Metals Inc 50 –

7 A. M. Castle & Co 2 –

19 AAR Corp 713 0.04

43 Aaron's Inc 1,266 0.07

3 Abeona Therapeutics Inc 19 –


29 ABM Industries Inc 1,292 0.07






– Acme United Corp 10 –

4 ACNB Corp 109 0.01



40 Acxiom Corp 1,060 0.06

3 Adams Resources & Energy Inc 100 0.01



4 Adverum Biotechnologies Inc 12 –


83 AECOM 3,016 0.16





43 AGCO Corp 2,397 0.13

11 Agilysys Inc 110 0.01

54 Air Lease Corp 1,925 0.10


1 Air T Inc 12 –


48 Aircastle Ltd 1,028 0.05


34 Alaska Air Group Inc 2,791 0.15

23 Alaska Communications Systems Group Inc 35 –



46 Albemarle Corp 4,080 0.23

– Alcoa Corp 1 –

36 Alere Inc 1,414 0.08

28 Alexander & Baldwin Inc 1,245 0.07

4 Alico Inc 117 0.01

Shares (000's)

Value (000's)

USD




8 Alleghany Corp 4,507 0.25


7 Alliance One International Inc 102 0.01


48 Allied World Assurance Co Holdings AG 2,260 0.12


242 Ally Financial Inc 4,701 0.26








– AMCON Distributing Co 36 –

1 Amedisys Inc 42 –

6 AMERCO 2,065 0.11

17 Ameresco Inc 103 0.01



86 American Eagle Outfitters Inc 1,428 0.08

50 American Equity Investment Life Holding Co 1,029 0.05

47 American Financial Group Inc 3,868 0.22


13 American National Insurance Co 1,529 0.08



2 American River Bankshares 27 –


2 American Superconductor Corp 12 –




136 Amkor Technology Inc 1,604 0.09

7 Ampco-Pittsburgh Corp 114 0.01


29 Amsurg Corp 1,966 0.10

12 Amtech Systems Inc 50 –

78 AmTrust Financial Services Inc 1,980 0.11


1 Anchor Bancorp Inc 21 –




16 Anixter International Inc 1,288 0.07

105 Antero Resources Corp 2,581 0.14

– Apogee Enterprises Inc 16 –


20 Applied Industrial Technologies Inc 1,186 0.06




3 Aratana Therapeutics Inc 21 –



43 Arch Capital Group Ltd 3,530 0.20


– Arconic Inc 2 –

9 Arctic Cat Inc 137 0.01

8 Argan Inc 454 0.02



17 Arotech Corp 67 –




Shares (000's)

Value (000's)

USD




72 ARRIS International PLC 2,061 0.11

48 Arrow Electronics Inc 3,277 0.17



8 Ascent Capital Group Inc 143 0.01

22 Ashland Global Holdings Inc 2,474 0.13

32 Aspen Insurance Holdings Ltd 1,617 0.09

84 Associated Banc-Corp 1,917 0.10

34 Assurant Inc 2,923 0.16

74 Assured Guaranty Ltd 2,649 0.14

11 Asta Funding Inc 95 0.01





4 Atlanticus Holdings Corp 13 –


8 Atlas Financial Holdings Inc 138 0.01



4 Autobytel 53 –

25 Autoliv Inc 2,542 0.14

48 AutoNation Inc 2,165 0.12


2 Aviat Networks Inc 31 –


16 Aviragen Therapeutics Inc 23 –

30 Avis Budget Group Inc 1,139 0.06

67 Avnet Inc 3,073 0.16

76 AVX Corp 1,150 0.06

10 Aware Inc 58 –


49 Axis Capital Holdings Ltd 2,963 0.16

17 AXT Inc 81 –

11 AZZ Inc 735 0.04




14 Ballantyne Strong Inc 102 0.01




50 BancorpSouth Inc 1,440 0.08


8 Bank of Commerce Holdings 65 –

19 Bank of Hawaii Corp 1,550 0.08

3 Bank of Marin Bancorp 213 0.01

– Bank of the Ozarks Inc 11 –



43 BankUnited Inc 1,537 0.08

20 Banner Corp 1,045 0.06

4 Bar Harbor Bankshares 156 0.01



27 Barnes Group Inc 1,250 0.07


– BBX Capital Corp 5 –

9 BCB Bancorp Inc 107 0.01

27 Beacon Roofing Supply Inc 1,261 0.07


9 bebe stores inc 5 –

47 Bed Bath & Beyond Inc 2,089 0.11

Shares (000's)

Value (000's)

USD













– Big Lots Inc 16 –

1 Biglari Holdings Inc 561 0.03


11 Bio-Rad Laboratories Inc 1,958 0.10



10 Black Box Corp 155 0.01


28 Blackhawk Network Holdings Inc 1,003 0.05







27 BOK Financial Corp 2,182 0.12


97 BorgWarner Inc 3,446 0.19


– Boston Scientific Corp 7 –







8 Broadwind Energy Inc 31 –

242 Brocade Communications Systems Inc 2,986 0.16

101 Brookdale Senior Living Inc 1,169 0.06



56 Brown & Brown Inc 2,408 0.13


4 BSB Bancorp Inc 104 0.01

7 Bsquare Corp 40 –


67 Bunge Ltd 4,588 0.25

2 C&F Financial Corp 90 –

32 Cabela's Inc 2,007 0.11

23 Cabot Corp 1,162 0.06


13 CACI International Inc 1,680 0.09

23 Caesars Entertainment Corp 174 0.01

10 CafePress Inc 31 –

12 CAI International Inc 103 0.01



66 CalAtlantic Group Inc 2,199 0.12



10 Calix Inc 77 –



156 Calpine Corp 1,742 0.09




Shares (000's)

Value (000's)

USD




– Cambrex Corp 15 –





85 Capitol Federal Financial Inc 1,352 0.07



28 Carlisle Cos Inc 3,169 0.17


5 Carolina Financial Corp 124 0.01





44 Cathay General Bancorp 1,555 0.08

13 Cato Corp 372 0.02


31 CBIZ Inc 389 0.02

11 CDI Corp 76 –



19 Centene Corp 1,103 0.06








2 Century Bancorp Inc 100 0.01

16 Century Casinos Inc 112 0.01


8 CEVA Inc 267 0.01

77 CF Industries Holdings Inc 2,228 0.12

8 Charles & Colvard Ltd 7 –





11 Chegg Inc 91 –

38 Chemical Financial Corp 1,955 0.10

35 Chemtura Corp 1,156 0.06


47 Chicago Bridge & Iron Co NV 1,584 0.08


10 Children's Place Inc 1,055 0.06

7 Chimerix Inc 34 –


42 Ciber Inc 35 –


60 Cincinnati Financial Corp 4,616 0.26


27 Cirrus Logic Inc 1,493 0.08

101 CIT Group Inc 4,145 0.22


5 Citizens & Northern Corp 122 0.01

3 Citizens Community Bancorp Inc 33 –



33 Civeo Corp 62 –

23 CLARCOR Inc 1,597 0.09


Shares (000's)

Value (000's)

USD





27 Clean Harbors Inc 1,450 0.08

4 ClearOne Inc 46 –



15 CNA Financial Corp 588 0.03


59 CNO Financial Group Inc 1,061 0.06

– Coastway Bancorp Inc 6 –


1 Codexis Inc 7 –


11 Coherent Inc 1,449 0.08

15 Cohu Inc 183 0.01

65 Colfax Corp 2,436 0.13

30 Columbia Banking System Inc 1,205 0.06

25 Columbia Sportswear Co 1,406 0.07


84 Comerica Inc 5,378 0.30


46 Commerce Bancshares Inc 2,500 0.13

6 CommerceHub Inc 85 –

58 Commercial Metals Co 1,282 0.07

– Commercial National Financial Corp 6 –

25 Commercial Vehicle Group Inc 127 0.01

7 Communications Systems Inc 33 –

22 Community Bank System Inc 1,240 0.07

55 Community Health Systems Inc 302 0.02


45 Computer Sciences Corp 2,716 0.14


10 comScore Inc 299 0.02

8 Comtech Telecommunications Corp 96 0.01


4 Concurrent Computer Corp 22 –


8 Conn's Inc 87 –


124 CONSOL Energy Inc 2,556 0.14


4 Consolidated Water Co Ltd 46 –


20 Consumer Portfolio Services Inc 102 0.01

16 Contango Oil & Gas Co 162 0.01



3 Control4 Corp 30 –


27 Cooper Tire & Rubber Co 1,038 0.06


15 Copa Holdings SA 1,343 0.07



34 CoreLogic Inc 1,296 0.07





6 CPI Aerostructures Inc 42 –

5 CRA International Inc 163 0.01


24 Crane Co 1,727 0.09





Shares (000's)

Value (000's)

USD





15 Cray Inc 299 0.02

49 Cree Inc 1,240 0.07

7 Crimson Wine Group Ltd 71 –



12 CSRA Inc 369 0.02

2 CSS Industries Inc 62 –



12 CTS Corp 264 0.01



31 Cullen/Frost Bankers Inc 2,515 0.13

7 Culp Inc 240 0.01

9 Cumberland Pharmaceuticals Inc 50 –


20 Curtiss-Wright Corp 2,017 0.11


57 CVB Financial Corp 1,177 0.06



164 Cypress Semiconductor Corp 1,845 0.10


74 Dana Inc 1,244 0.07

90 Darling Ingredients Inc 1,219 0.06


17 Dawson Geophysical Co 134 0.01


17 Deckers Outdoor Corp 1,012 0.05


24 Del Taco Restaurants Inc 351 0.02



148 Denbury Resources Inc 559 0.03







75 Diamond Offshore Drilling Inc 1,346 0.07

10 Diamondback Energy Inc 1,130 0.06


3 Diebold Inc 59 –


7 Digirad Corp 34 –

36 DigitalGlobe Inc 1,145 0.06

16 Dillard's Inc 1,160 0.06




8 DMC Global Inc 131 0.01

1 DNB Financial Corp 24 –

26 Dolby Laboratories Inc 1,182 0.06

32 Domtar Corp 1,269 0.07




124 DR Horton Inc 3,450 0.19

22 Dril-Quip Inc 1,240 0.07



Shares (000's)

Value (000's)

USD




32 DSW Inc 760 0.04

8 DTS Inc 344 0.02


2 DXP Enterprises Inc 78 –


145 E*TRADE Financial Corp 5,007 0.28


13 Eagle Materials Inc 1,268 0.07


6 Earthstone Energy Inc 83 –

60 East West Bancorp Inc 2,868 0.15

1 Eastern Co 28 –

1 Eastern Virginia Bankshares Inc 7 –

28 Eastman Chemical Co 2,115 0.11

5 Ebix Inc 275 0.01


24 EchoStar Corp 1,210 0.06

5 Eclipse Resources Corp 13 –

8 Edgewater Technology Inc 52 –

28 Edgewell Personal Care Co 2,215 0.12

9 eHealth Inc 92 –

9 El Pollo Loco Holdings Inc 112 0.01

21 Electro Scientific Industries Inc 110 0.01

23 Electronics For Imaging Inc 1,012 0.05


29 EMCOR Group Inc 2,009 0.11

18 EMCORE Corp 112 0.01


13 Emergent Capital Inc 17 –





2 Endocyte Inc 5 –

38 Endurance Specialty Holdings Ltd 3,492 0.20

11 Energy Recovery Inc 116 0.01


19 EnerSys 1,539 0.08


64 EnLink Midstream LLC 1,176 0.06

15 Ennis Inc 235 0.01



125 Ensco PLC 1,206 0.06


9 Enstar Group Ltd 1,700 0.09

69 Entegris Inc 1,246 0.07


3 Enterprise Bancorp Inc 84 –


77 Envision Healthcare Holdings Inc 1,755 0.09

53 EP Energy Corp 280 0.01

3 ePlus Inc 280 0.01




4 Esperion Therapeutics Inc 39 –

– Espey Manufacturing & Electronics Corp 12 –




14 Esterline Technologies Corp 1,266 0.07





Shares (000's)

Value (000's)

USD




– Evans Bancorp Inc 13 –

59 EverBank Financial Corp 1,144 0.06

26 Everest Re Group Ltd 5,567 0.31


18 Everyday Health Inc 190 0.01

8 Evolving Systems Inc 33 –



30 Exar Corp 299 0.02





18 Fabrinet 784 0.04

4 Farmers Capital Bank Corp 156 0.01









29 Ferroglobe PLC 335 0.02

29 Ferroglobe PLC Warranty Insurance Trust – –




53 Finisar Corp 1,774 0.09


14 First Acceptance Corp 18 –

53 First American Financial Corp 1,983 0.11





5 First Business Financial Services Inc 119 0.01

6 First Citizens BancShares Inc 2,046 0.11






6 First Financial Corp 285 0.02

8 First Financial Northwest Inc 131 0.01


108 First Horizon National Corp 2,068 0.11



3 First Mid-Illinois Bancshares Inc 79 –

47 First Midwest Bancorp Inc 1,139 0.06



– First Savings Financial Group Inc 8 –

51 First Solar Inc 1,553 0.08

1 First South Bancorp Inc 13 –

6 First United Corp 73 –

1 First US Bancshares Inc 13 –




245 Flex Ltd 3,489 0.20


Shares (000's)

Value (000's)

USD




62 FLIR Systems Inc 2,219 0.12


63 Fluor Corp 3,388 0.19


3 FMC Corp 168 0.01

91 FMC Technologies Inc 3,107 0.17

118 FNB Corp 1,802 0.10

64 FNF Group 2,040 0.11




53 Forum Energy Technologies Inc 1,143 0.06






21 Fred's Inc 207 0.01

9 FreightCar America Inc 136 0.01


26 Fresh Del Monte Produce Inc 1,609 0.09

4 Friedman Industries Inc 23 –

634 Frontier Communications Corp 2,313 0.12


2 FS Bancorp Inc 55 –

15 FTD Cos Inc 353 0.02


13 Fuel Tech Inc 16 –

96 Fulton Financial Corp 1,710 0.09




3 Gaia Inc 27 –


58 GameStop Corp 1,424 0.08




20 GATX Corp 1,084 0.06





30 Genesee & Wyoming Inc 2,322 0.12

– Genesis Healthcare Inc 1 –


139 Gentex Corp 2,573 0.14


5 Geospace Technologies Corp 105 0.01

7 Gerber Scientific Inc – –




40 Glacier Bancorp Inc 1,376 0.07

– Global Eagle Entertainment Inc 3 –



3 GlobalSCAPE Inc 11 –


4 GNC Holdings Inc 56 –



12 Goldfield Corp 50 –




Shares (000's)

Value (000's)

USD




111 Goodyear Tire & Rubber Co 3,401 0.19

2 Gordmans Stores Inc 1 –



5 Graham Corp 112 0.01

2 Graham Holdings Co 1,214 0.06

24 Grand Canyon Education Inc 1,382 0.07

21 Granite Construction Inc 1,231 0.07


38 Great Lakes Dredge & Dock Corp 160 0.01


1 Great Western Bancorp Inc 40 –

11 Green Brick Partners Inc 98 0.01




2 Greene County Bancorp Inc 34 –





3 Griffin Industrial Realty Inc 99 0.01






44 Guess? Inc 680 0.04


53 Gulfport Energy Corp 1,355 0.07

1 Hackett Group Inc 25 –


46 Hain Celestial Group Inc 1,814 0.10

7 Hallador Energy Co 65 –


28 Halyard Health Inc 1,052 0.06

44 Hancock Holding Co 1,829 0.10


17 Hanger Inc 162 0.01


24 Hanover Insurance Group Inc 2,079 0.11


32 Harman International Industries Inc 3,515 0.20


2 Harsco Corp 26 –





6 Hawaiian Telcom Holdco Inc 143 0.01



23 HB Fuller Co 1,092 0.06


1 Headwaters Inc 12 –





175 Hecla Mining Co 1,067 0.06


13 Helen of Troy Ltd 1,147 0.06


Shares (000's)

Value (000's)

USD




57 Helmerich & Payne Inc 4,329 0.24

4 Hemisphere Media Group Inc 47 –






11 Heritage-Crystal Clean Inc 187 0.01


11 hhgregg Inc 17 –


27 Hill-Rom Holdings Inc 1,447 0.08

1 Hillenbrand Inc 37 –

58 Hilltop Holdings Inc 1,624 0.09

1 Hingham Institution for Savings 191 0.01


86 HollyFrontier Corp 2,467 0.13


2 Home Bancorp Inc 80 –

56 Home BancShares Inc 1,446 0.08



6 Hooker Furniture Corp 159 0.01

73 Hope Bancorp Inc 1,457 0.08

2 HopFed Bancorp Inc 24 –



77 Horizon Pharma PLC 1,523 0.08




18 Howard Hughes Corp 2,050 0.11



8 Hudson Global Inc 12 –

14 Hudson Technologies Inc 109 0.01

563 Huntington Bancshares Inc 7,017 0.38

110 Huntsman Corp 2,152 0.11

5 Hurco Cos Inc 163 0.01


3 Huttig Building Products Inc 16 –



17 IAC/InterActiveCorp 1,170 0.06

22 Iberiabank Corp 1,796 0.10



7 ICU Medical Inc 1,010 0.05

1 ID Systems Inc 6 –

11 IDT Corp 232 0.01

1 IEC Electronics Corp 5 –


34 II-VI Inc 1,015 0.05

20 ILG Inc 366 0.02

12 Imation Corp 12 –







8 InfuSystem Holdings Inc 14 –





Shares (000's)

Value (000's)

USD




73 Ingram Micro Inc 2,748 0.15



4 Innodata Inc 10 –



1 Inphi Corp 48 –

16 Inseego Corp 36 –







39 International Bancshares Corp 1,507 0.08

108 International Game Technology PLC 2,795 0.15


67 Intersil Corp 1,475 0.08









174 Investors Bancorp Inc 2,360 0.13

1 Investors Title Co 123 0.01


5 iPass Inc 9 –

5 IRIDEX Corp 85 –



16 Itron Inc 1,019 0.05

38 ITT Inc 1,542 0.08

41 Ixia 562 0.03

17 IXYS Corp 204 0.01


88 Jabil Circuit Inc 1,865 0.10

64 Jacobs Engineering Group Inc 3,988 0.22

3 JAKKS Pacific Inc 23 –


96 Janus Capital Group Inc 1,296 0.07

124 JC Penney Co Inc 1,171 0.06

132 JetBlue Airways Corp 2,660 0.14


22 John Wiley & Sons Inc 1,198 0.06


14 Jones Lang LaSalle Inc 1,446 0.08

40 Joy Global Inc 1,125 0.06


3 Juniper Pharmaceuticals Inc 17 –

22 K12 Inc 325 0.02


27 Kansas City Southern 2,415 0.13

49 KapStone Paper and Packaging Corp 1,000 0.05

14 KB Home 222 0.01

65 KBR Inc 1,078 0.06





29 Kemper Corp 1,191 0.06

Shares (000's)

Value (000's)

USD





52 Kennedy-Wilson Holdings Inc 1,108 0.06

1 Key Technology Inc 15 –

6 Key Tronic Corp 43 –

62 KeyCorp 1,077 0.06

6 KEYW Holding Corp 80 –



8 Kindred Biosciences Inc 34 –


3 Kingstone Cos Inc 37 –

28 Kirby Corp 1,769 0.09

7 Kirkland's Inc 100 0.01

30 KLX Inc 1,179 0.06


35 Knight Transportation Inc 1,211 0.06


76 Kohl's Corp 4,114 0.23

5 Kona Grill Inc 61 –








26 L-3 Communications Holdings Inc 4,083 0.23


26 La-Z-Boy Inc 706 0.04


4 Lake Sunapee Bank Group 77 –




1 Landmark Bancorp Inc/Manhattan KS 24 –

6 Lands' End Inc 101 0.01


– Lawson Products Inc 8 –

8 Layne Christensen Co 82 –


5 LCNB Corp 113 0.01


19 Leap Wireless International Inc – –

32 Lear Corp 4,191 0.23


59 Legg Mason Inc 1,884 0.10

11 LendingClub Corp 62 –

89 Lennar Corp, Class A 3,797 0.21

7 Lennar Corp, Class B 228 0.01

101 Leucadia National Corp 2,225 0.12




50 Liberty Interactive Corp QVC Group 1,042 0.06


27 Liberty Ventures 1,062 0.06

23 LifePoint Health Inc 1,262 0.07




3 Lincoln Educational Services Corp 5 –






Shares (000's)

Value (000's)

USD






67 Louisiana-Pacific Corp 1,301 0.07

4 LS Starrett Co 36 –

12 LSB Industries Inc 96 0.01


15 Luby's Inc 63 –







2 Mackinac Financial Corp 33 –

39 Macquarie Infrastructure Corp 3,173 0.17

11 Madison Square Garden Co 1,829 0.10




57 Mallinckrodt PLC 3,005 0.16

3 Malvern Bancorp Inc 60 –


1 Mannatech Inc 12 –

30 ManpowerGroup Inc 2,551 0.14


89 Marathon Oil Corp 1,614 0.09

22 Marchex Inc 56 –





13 Marriott Vacations Worldwide Corp 1,042 0.06


20 Martin Marietta Materials Inc 4,383 0.24

272 Marvell Technology Group Ltd 3,901 0.22

40 MasTec Inc 1,508 0.08




1 Matson Inc 41 –

17 Matthews International Corp 1,231 0.07


41 MB Financial Inc 1,760 0.09

91 MBIA Inc 950 0.05

12 MBT Financial Corp 117 0.01





6 Medcath Corp – –

66 Media General Inc 1,207 0.06


29 MeetMe Inc 140 0.01

52 Mentor Graphics Corp 1,892 0.10




26 Mercury General Corp 1,530 0.08






Shares (000's)

Value (000's)

USD






9 MFRI Inc 73 –

174 MGIC Investment Corp 1,574 0.08


52 Microsemi Corp 2,851 0.15



5 MidWestOne Financial Group Inc 179 0.01


17 Minerals Technologies Inc 1,363 0.07



25 MKS Instruments Inc 1,442 0.08


1 MOCON Inc 20 –



22 Molina Healthcare Inc 1,176 0.06

9 Momenta Pharmaceuticals Inc 131 0.01

1 Monarch Casino & Resort Inc 21 –


17 Moog Inc 1,213 0.06

185 Mosaic Co 5,247 0.29



61 MRC Global Inc 1,229 0.07

2 MSB Financial Corp 31 –



30 Mueller Industries Inc 1,142 0.06



92 Murphy Oil Corp 3,114 0.17


4 MutualFirst Financial Inc 110 0.01


4 Mylan NV 132 0.01


167 Nabors Industries Ltd 2,690 0.14



14 Napco Security Technologies Inc 119 0.01

61 Nasdaq Inc 3,914 0.22

1 National American University Holdings Inc 1 –


46 National General Holdings Corp 1,044 0.06



2 National Western Life Group Inc 452 0.02

4 Natural Alternatives International Inc 45 –



7 Nature's Sunshine Products Inc 99 0.01

– Natus Medical Inc 18 –

173 Navient Corp 2,974 0.16




4 NCI Inc 51 –







Shares (000's)

Value (000's)

USD




38 NetScout Systems Inc 1,187 0.06




242 New York Community Bancorp Inc 3,861 0.22

82 New York Times Co 1,067 0.06



197 News Corp, Class A 2,283 0.12

97 News Corp, Class B 1,162 0.06


4 Nicholas Financial Inc 40 –



15 NN Inc 255 0.01



15 Nordic American Tankers Ltd 126 0.01

3 Northeast Bancorp 34 –


4 Northrim BanCorp Inc 100 0.01

59 Northwest Bancshares Inc 1,068 0.06

6 Northwest Pipe Co 108 0.01

52 Norwegian Cruise Line Holdings Ltd 2,078 0.11


63 NOW Inc 1,351 0.07

144 NRG Energy Inc 1,637 0.09

90 Nuance Communications Inc 1,461 0.08


6 Nutraceutical International Corp 201 0.01


3 NV5 Global Inc 127 0.01

2 NVE Corp 120 0.01


3 Ocean Shore Holding Co 75 –



7 Oclaro Inc 60 –



31 Oil States International Inc 1,111 0.06

2 Oil-Dri Corp of America 71 –

6 Old Line Bancshares Inc 141 0.01

67 Old National Bancorp 1,137 0.06

144 Old Republic International Corp 2,577 0.14


89 Olin Corp 2,318 0.12


7 Olympic Steel Inc 177 0.01




27 On Assignment Inc 1,117 0.06

192 ON Semiconductor Corp 2,262 0.12


71 OneMain Holdings Inc 1,448 0.08

162 OPKO Health Inc 1,686 0.09


18 Opus Bank 465 0.02




19 Orion Energy Systems Inc 38 –

Shares (000's)

Value (000's)

USD






5 Ormat Technologies Inc (Israel listing) 254 0.01

24 Ormat Technologies Inc (US listing) 1,142 0.06



35 Oshkosh Corp 2,436 0.13


29 Overseas Shipholding Group Inc 228 0.01

8 Overstock.com Inc 137 0.01

30 Owens & Minor Inc 1,024 0.05

57 Owens Corning 2,939 0.16




12 Pacific Ethanol Inc 103 0.01



64 PacWest Bancorp 3,284 0.18



5 Papa Murphy's Holdings Inc 22 –


4 PAR Technology Corp 21 –





2 Parke Bancorp Inc 41 –




1 Patriot Transportation Holding Inc 23 –


73 Patterson-UTI Energy Inc 1,951 0.10



4 PC-Tel Inc 18 –

8 PCM Inc 164 0.01

26 PDC Energy Inc 1,904 0.10


71 PDL BioPharma Inc 156 0.01



2 Penns Woods Bancorp Inc 97 0.01

40 Penske Automotive Group Inc 2,019 0.11

167 People's United Financial Inc 3,135 0.17


– Peoples Bancorp of North Carolina Inc 6 –

2 Peoples Financial Services Corp 69 –

3 Perceptron Inc 18 –



– Perfumania Holdings Inc – –

25 PerkinElmer Inc 1,243 0.07


1 PetroQuest Energy Inc 4 –



31 PHH Corp 450 0.02

8 PHI Inc 124 0.01


15 PICO Holdings Inc 209 0.01




Shares (000's)

Value (000's)

USD





22 Pinnacle Financial Partners Inc 1,416 0.08

46 Pinnacle Foods Inc 2,260 0.12


4 Piper Jaffray Cos 266 0.01



55 Popular Inc 2,227 0.12

32 Post Holdings Inc 2,466 0.13








24 Prestige Brands Holdings Inc 1,124 0.06

12 PRGX Global Inc 63 –

– PrimeEnergy Corp 3 –

22 Primerica Inc 1,525 0.08


34 PrivateBancorp Inc 1,571 0.08

30 ProAssurance Corp 1,679 0.09


37 Prosperity Bancshares Inc 2,427 0.13





187 PulteGroup Inc 3,520 0.20

39 PVH Corp 4,108 0.23

5 QCR Holdings Inc 209 0.01

130 QEP Resources Inc 2,554 0.14

68 Qorvo Inc 3,647 0.20





93 Quanta Services Inc 3,137 0.17

36 Quest Diagnostics Inc 3,119 0.17



2 Qumu Corp 6 –


110 Radian Group Inc 1,609 0.09


6 Radio One Inc 17 –


22 Ralph Lauren Corp 2,297 0.12


79 Range Resources Corp 2,766 0.15


12 RBC Bearings Inc 1,010 0.05

4 RCI Hospitality Holdings Inc 47 –

2 RCM Technologies Inc 16 –




25 RealNetworks Inc 117 0.01

62 Realogy Holdings Corp 1,504 0.08



24 Regal Beloit Corp 1,762 0.09

Shares (000's)

Value (000's)

USD






34 Reinsurance Group of America Inc 4,184 0.23

4 Reis Inc 88 –

39 Reliance Steel & Aluminum Co 3,178 0.17

23 RenaissanceRe Holdings Ltd 2,960 0.16










91 Rice Energy Inc 2,224 0.12

10 Richardson Electronics Ltd 60 –

8 Rightside Group Ltd 59 –

3 RigNet Inc 57 –


11 Riverview Bancorp Inc 66 –

8 RLI Corp 484 0.03





65 Rowan Cos PLC 1,162 0.06

4 Royal Bancshares of Pennsylvania Inc 12 –

– Royal Caribbean Cruises Ltd 15 –

31 Royal Gold Inc 2,175 0.12

30 RPX Corp 315 0.02

57 RSP Permian Inc 2,562 0.14

35 RTI Surgical Inc 102 0.01


35 Ruby Tuesday Inc 106 0.01



– Rush Enterprises Inc, Class B 14 –

28 Ryder System Inc 2,159 0.12


10 Safeguard Scientifics Inc 115 0.01


21 Safeway Inc 21 –

21 Safeway Inc (Casa Ley) 1 –

3 Saga Communications Inc 123 0.01

13 Saia Inc 558 0.03




41 Sanmina Corp 1,341 0.07

147 Santander Consumer USA Holdings Inc 2,030 0.11


– Schlumberger Ltd 10 –






– Seaboard Corp 1,363 0.07








Shares (000's)

Value (000's)

USD






8 Security National Financial Corp 57 –

3 Select Bancorp Inc 25 –


29 Selective Insurance Group Inc 1,173 0.06

29 SemGroup Corp 1,045 0.06


5 Seneca Foods Corp 192 0.01














1 SIFCO Industries Inc 11 –


21 Signet Jewelers Ltd 1,877 0.10

18 Silicon Laboratories Inc 1,219 0.06

17 Simmons First National Corp 1,013 0.05

25 Simpson Manufacturing Co Inc 1,159 0.06


1 Skechers U.S.A. Inc 23 –

1 Skyline Corp 11 –


192 SLM Corp 1,937 0.10

32 SM Energy Co 1,256 0.07

13 Smart & Final Stores Inc 175 0.01

48 Snyder's-Lance Inc 1,800 0.10


42 Sonoco Products Co 2,294 0.12


24 Sotheby's 945 0.05

12 South State Corp 1,055 0.06

3 Southern First Bancshares Inc 83 –

3 Southern Missouri Bancorp Inc 98 0.01

8 Southern National Bancorp of Virginia Inc 115 0.01





2 Span-America Medical Systems Inc 30 –

22 Spartan Motors Inc 196 0.01


4 Sparton Corp 94 0.01


27 Spirit AeroSystems Holdings Inc 1,582 0.08

31 Spirit Airlines Inc 1,706 0.09


– Sprint Corp 3 –

21 SPX Corp 521 0.03


1 SS&C Technologies Holdings Inc 16 –

5 St Joe Co 107 0.01



Shares (000's)

Value (000's)

USD





1 Stanley Furniture Co Inc 1 –

343 Staples Inc 3,318 0.19

2 StarTek Inc 17 –



13 State National Cos Inc 181 0.01

117 Steel Dynamics Inc 4,155 0.23



12 Stepan Co 940 0.05

15 Stericycle Inc 1,116 0.06


68 Sterling Bancorp 1,554 0.08



33 Stifel Financial Corp 1,622 0.09



3 Stonegate Bank 133 0.01

20 Stratasys Ltd 366 0.02





– Summit State Bank 4 –





81 Superior Energy Services Inc 1,391 0.07




– Sussex Bancorp 4 –

20 SVB Financial Group 3,167 0.17



5 Synalloy Corp 54 –


22 Synchronoss Technologies Inc 1,070 0.06


19 SYNNEX Corp 2,244 0.12

64 Synovus Financial Corp 2,492 0.13



9 Tailored Brands Inc 168 0.01

4 Tandy Leather Factory Inc 27 –

13 Tangoe Inc 105 0.01

82 Targa Resources Corp 4,367 0.24


2 Taylor Morrison Home Corp 42 –

89 TCF Financial Corp 1,551 0.08

13 Team Inc 453 0.02

18 Tech Data Corp 1,550 0.08

13 TechTarget Inc 113 0.01



102 TEGNA Inc 2,277 0.12


16 Teledyne Technologies Inc 2,032 0.11

9 Teleflex Inc 1,393 0.07





Shares (000's)

Value (000's)

USD




53 Telephone & Data Systems Inc 1,423 0.08

16 Tenax Therapeutics Inc 31 –

97 Teradyne Inc 2,357 0.13

57 Terex Corp 1,749 0.09


26 Tesco Corp 204 0.01

47 Tesoro Corp 3,858 0.22



31 Tetra Tech Inc 1,308 0.07


21 Texas Capital Bancshares Inc 1,536 0.08




13 TheStreet Inc 11 –

1 Third Point Reinsurance Ltd 11 –

19 Thor Industries Inc 1,908 0.10


14 Tiffany & Co 1,138 0.06

6 Tilly's Inc 64 –

58 Time Inc 940 0.05

38 Timken Co 1,481 0.08


18 Tiptree Financial Inc 116 0.01


7 Titan Machinery Inc 95 0.01

56 TiVo Corp 1,135 0.06

89 Toll Brothers Inc 2,651 0.14



57 Torchmark Corp 4,007 0.22



7 Trans World Entertainment Corp 27 –

1 TransAct Technologies Inc 9 –

198 Transocean Ltd 2,554 0.14

15 TRC Cos Inc 141 0.01



27 TreeHouse Foods Inc 1,852 0.10

14 Tremor Video Inc 30 –

93 TRI Pointe Group Inc 1,075 0.06



45 Trimble Inc 1,263 0.07

80 Trinity Industries Inc 2,233 0.12



16 Triton International Ltd 317 0.02





39 Trustmark Corp 1,326 0.07


21 Tuesday Morning Corp 99 0.01


7 Twin Disc Inc 103 0.01

2 Two River Bancorp 27 –

4 UCP Inc 38 –

4 UFP Technologies Inc 113 0.01


Shares (000's)

Value (000's)

USD




6 Ultralife Corp 32 –

25 UMB Financial Corp 1,908 0.10

120 Umpqua Holdings Corp 2,126 0.11

6 Unifi Inc 175 0.01



2 Unique Fabricating Inc 36 –

37 United Bankshares Inc 1,724 0.09






27 United Natural Foods Inc 1,266 0.07


4 United Security Bancshares 25 –



89 United States Steel Corp 2,875 0.15

16 United Therapeutics Corp 2,026 0.11

1 Unity Bancorp Inc 12 –



1 Universal Electronics Inc 57 –


1 Universal Insurance Holdings Inc 14 –


6 Universal Stainless & Alloy Products Inc 78 –



115 Unum Group 4,881 0.27

23 Ur-Energy Inc 10 –




68 USG Corp 1,950 0.10



43 Validus Holdings Ltd 2,342 0.12

132 Valley National Bancorp 1,500 0.08

10 Valmont Industries Inc 1,470 0.08


1 VCA Inc 93 –

6 Vectrus Inc 147 0.01



– VeriFone Systems Inc 3 –




9 Viad Corp 407 0.02



9 Vicor Corp 125 0.01


27 Vince Holding Corp 117 0.01

2 Virco Manufacturing Corp 10 –



73 Vishay Intertechnology Inc 1,113 0.06


28 Vista Outdoor Inc 1,138 0.06





Shares (000's)

Value (000's)

USD




4 Vivint Solar Inc 12 –



104 Voya Financial Inc 4,047 0.23

6 VSE Corp 244 0.01


62 VWR Corp 1,696 0.09


4 Waddell & Reed Financial Inc 82 –


50 Washington Federal Inc 1,636 0.09


4 WashingtonFirst Bankshares Inc 120 0.01



2 Wayside Technology Group Inc 40 –


334 Weatherford International PLC 1,705 0.09

50 Webster Financial Corp 2,497 0.13


21 WellCare Health Plans Inc 2,887 0.15

119 Wendy's Co 1,490 0.08

37 Werner Enterprises Inc 1,000 0.05



23 WESCO International Inc 1,537 0.08


13 West Marine Inc 125 0.01


18 Westell Technologies Inc 10 –

47 Western Alliance Bancorp 2,218 0.12



51 Western Refining Inc 1,838 0.10

30 Westlake Chemical Corp 1,748 0.09

46 WestRock Co 2,380 0.13

7 WEX Inc 827 0.04

5 Weyco Group Inc 158 0.01

3 White Mountains Insurance Group Ltd 2,280 0.12

90 Whiting Petroleum Corp 1,100 0.06


39 Willbros Group Inc 101 0.01

3 Willdan Group Inc 82 –


2 Willis Lease Finance Corp 41 –

40 Windstream Holdings Inc 297 0.02


27 Wintrust Financial Corp 1,758 0.09

49 Wolverine World Wide Inc 1,095 0.06

28 Woodward Inc 1,884 0.12

33 World Fuel Services Corp 1,479 0.08

29 Worthington Industries Inc 1,615 0.09

184 WPX Energy Inc 2,853 0.15

57 WR Berkley Corp 3,503 0.20




529 Xerox Corp 4,951 0.27

91 XL Group Ltd 3,291 0.18


3 Xplore Technologies Corp 6 –

59 XPO Logistics Inc 2,617 0.14


Shares (000's)

Value (000's)

USD




7 YuMe Inc 25 –

11 ZAGG Inc 71 –

3 Zedge Inc 11 –

8 Zillow Group Inc 295 0.02

108 Zions Bancorporation 4,300 0.24

– Zogenix Inc 5 –


1,100,731 58.67

Total Common Stock - 99.40% (30 November 2015: 99.72%) 1,865,149 99.40

Preferred Stock

Germany - 0.08%




8 Sixt SE 308 0.02

1 STO SE & Co KGaA 123 0.01


1,495 0.08


Total Corporate Bonds – 0.00% (30 November 2015: 0.01%) – –

Rights

Australia – 0.00%


– –

Austria – 0.00%

11 Intercell AG – –

– –

Canada – 0.00%


7 –

Italy – 0.00%

2,368 Banca Popolare di Milano Scarl – –


– –

Singapore – 0.00%

45 ASL Marine Holdings Ltd – –

– –



1 Overstock.com Inc – –

1 –


Warrants

Israel – 0.00%

– Tower Semiconductor Ltd – –

– –

Singapore – 0.00%


6 –



– –

Total Warrants – 0.00% (30 November 2015: 0.00%) 6 –










Buy 164 AUD Sell 121 USD State Street Bank 01/12/2016 – –

Unrealised Appreciation of Forward Foreign Exchange Contracts – –

Unrealised Depreciation of Forward Currency Contracts – –

Net Unrealised Depreciation of Forward Currency Contracts – 0.00% (30 November 2015: 0.00%) – –

Value (000's)

USD


Cash and Cash Equivalents – 0.41% (30 November 2015: 0.35%) 7,727 0.41 Other Assets in Excess of Liabilities – 0.11% (30 November 2015: (0.15)%) 2,090 0.11


Amounts designated as “–“ are either $0, less than $500 or less than 500 shares.



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 0.02

Current Assets 4.66

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) GBP


Corporate Bonds

Australia - 8.31%

9,000


1,350


3,500


1,000

Australia & New Zealand Banking Group Ltd 1.450 15/05/2018 796 0.17









39,326 8.31

Austria - 1.35%

8,000 Oesterreichische Kontrollbank AG 0.750 19/05/2017 6,384 1.35

6,384 1.35

Canada – 11.03%

6,000 Bank of Montreal 1.131 14/07/2017 4,796 1.01

9,000 Bank of Montreal 1.554 16/03/2018 7,191 1.52

2,000 Bank of Montreal 1.400 10/04/2018 1,595 0.34




604 Bank of Nova Scotia 1.315 11/06/2018 484 0.10




1,100 Royal Bank of Canada 1.500 7/06/2018 877 0.18


1,000 Royal Bank of Canada 1.800 30/07/2018 800 0.17 2,680

Toronto-Dominion Bank 1.124 2/05/2017 2,143 0.45




979 Total Capital Canada Ltd 1.450 15/01/2018 782 0.16

52,241 11.03

Finland - 1.18%

4,000 Nordea Bank Finland PLC 1.610 2/05/2018 3,204 0.68

3,000 Nordea Bank Finland PLC 1.331 7/11/2018 2,397 0.50

5,601 1.18

France – 0.97%

756 Sanofi 1.250 10/04/2018 603 0.13 5,000

Total Capital International SA 1.550 28/06/2017 4,002 0.84

4,605 0.97

Germany – 10.45%

9,200 Erste Abwicklungsanstalt 1.000 27/02/2017 7,353 1.55

Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) GBP




5,000 Erste Abwicklungsanstalt 1.125 12/02/2018 3,982 0.84



3,000


1,075


11,600



11,000 NRW Bank 1.000 22/05/2017 8,790 1.86

5,000 NRW Bank 1.375 20/08/2018 3,991 0.84

49,482 10.45

Japan - 0.64%

3,805 Nippon Telegraph & Telephone Corp 1.400 18/07/2017 3,043 0.64

3,043 0.64

Netherlands – 8.85%




1,000 Bank Nederlandse Gemeenten NV 1.125 25/05/2018 796 0.17








41,891 8.85

Norway – 1.29%

6,000 Statoil ASA 3.125 17/08/2017 4,857 1.02

1,600 Statoil ASA 1.200 17/01/2018 1,275 0.27

6,132 1.29

Supranational – 6.09%

4,710 EUROFIMA 5.000 3/04/2017 3,816 0.81 8,000

European Bank for Reconstruction & Development 1.000 16/02/2017 6,393 1.35




2,500 Inter-American Development Bank 1.250 16/01/2018 1,999 0.42

12,500 Nordic Investment Bank 1.125 19/03/2018 9,980 2.11

28,817 6.09

Sweden – 3.74%

1,000 Nordea Bank AB 3.125 20/03/2017 804 0.17

5,000 Nordea Bank AB 1.697 17/09/2018 4,025 0.85




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) GBP



Sweden – 3.74% (continued)

919 Nordea Bank AB 1.875 17/09/2018 736 0.16

281 Nordea Bank AB 1.875 17/09/2018 225 0.05 5,000

Svensk Exportkredit AB 5.125 1/03/2017 4,034 0.85




17,691 3.74


1,700


1,354 0.29


7,350 Apple Inc 1.050 5/05/2017 5,879 1.24

1,750 Apple Inc 0.900 12/05/2017 1,399 0.29 3,307

Berkshire Hathaway Finance Corp 1.600 15/05/2017 2,650 0.56



2,300 Berkshire Hathaway Inc 1.031 6/08/2018 1,840 0.39

4,600 Chevron Corp 1.344 9/11/2017 3,680 0.78

2,300 Chevron Corp 1.345 15/11/2017 1,840 0.39

800 Chevron Corp 1.365 2/03/2018 639 0.13

8,765 Chevron Corp 1.411 16/05/2018 7,036 1.49




3,300 Coca-Cola Co 1.150 1/04/2018 2,635 0.56

12,950 Exxon Mobil Corp 0.921 15/03/2017 10,348 2.19

2,000 Exxon Mobil Corp 0.981 1/03/2018 1,597 0.34

1,796 Exxon Mobil Corp 1.305 6/03/2018 1,435 0.30

5,000 General Electric Co 5.250 6/12/2017 4,159 0.88

47,000 General Electric Co 2.625 16/01/2018 4,193 0.89

1,200 General Electric Co 1.625 2/04/2018 962 0.20

4,500 Merck & Co Inc 1.007 10/02/2017 3,597 0.76

5,000 Merck & Co Inc 1.269 18/05/2018 4,009 0.85



1,300 Pfizer Inc 1.100 15/05/2017 1,039 0.22 1,460

Precision Castparts Corp 1.250 15/01/2018 1,165 0.25





800 Toyota Motor Credit Corp 1.338 13/07/2018 642 0.13

90,113 19.04

Total Corporate Bonds – 73.23% (30 November 2015: 61.78%) 346,680 73.23

Government Bonds

Canada – 3.24%

1,843 Province of Manitoba Canada 1.300 3/04/2017 1,474 0.31




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's) GBP


Government Bonds (continued)

Canada – 3.24% (continued)


15,333 3.24

Denmark – 2.61%

6,598 Kommunekredit 1.125 16/01/2018 5,265 1.11

4,900 Kommunekredit 1.125 15/03/2018 3,907 0.83

4,000 Kommunekredit 1.250 27/08/2018 3,190 0.67

12,362 2.61

Finland – 1.99%

11,800 Municipality Finance PLC 1.125 17/04/2018 9,407 1.99

9,407 1.99

France – 1.78%

7,600 Caisse des Depots et Consignations 1.250 4/06/2018 6,053 1.28

3,000 Caisse des Depots et Consignations 1.500 13/11/2018 2,396 0.50

8,449 1.78

Germany – 2.49%

14,800 State of North Rhine-Westphalia 1.250 20/02/2018 11,808 2.49

11,808 2.49

Japan – 1.52%

9,000 Development Bank of Japan Inc 1.500 13/03/2017 7,188 1.52

7,188 1.52

Norway – 2.58%

7,000 Kommunalbanken AS 1.375 8/06/2017 5,602 1.18

8,300 Kommunalbanken AS 1.125 23/05/2018 6,609 1.40

12,211 2.58

Singapore – 2.69%



12,726 2.69

Sweden – 2.34%



11,066 2.34

United Kingdom – 1.08%


5,093 1.08


2,000 Federal National Mortgage Association 0.875 8/02/2018 1,596 0.34



14,808 3.13









of Contracts (000's) GBP


Buy 30,502 EUR Sell 27,263 GBP State Street Bank 01/12/2016 (1,425) (0.30)














Buy 435 GBP Sell 487 EUR Australia & New Zealand Banking Group 01/12/2016 22 0.01









Buy 6,339 GBP Sell 70,782 SEK Bank of America 08/12/2016 204 0.04

Buy 3,761 GBP Sell 41,113 SEK Bank of America 08/12/2016 198 0.04

Buy 1,616 GBP Sell 17,991 SEK State Street Bank 08/12/2016 57 0.01

Buy 192 GBP Sell 2,121 SEK State Street Bank 08/12/2016 8 –

Buy 1 GBP Sell 12 SEK State Street Bank 15/12/2016 – –




Buy 13,313 GBP Sell 23,026 SGD State Street Bank 13/12/2016 476 0.10

Buy 97,223 GBP Sell 129,885 USD Bank of America 01/12/2016 (6,586) (1.39)

Buy 6,093 GBP Sell 7,451 USD Bank of America 19/12/2016 141 0.03

Buy 104,349 GBP Sell 137,820 USD CitiBank 14/12/2016 (5,770) (1.22)

Buy 4,719 GBP Sell 6,150 USD CitiBank 14/12/2016 (195) (0.04)

Buy 4,187 GBP Sell 5,128 USD CitiBank 14/12/2016 90 0.02


Buy 102,676 GBP Sell 133,331 USD CitiBank 20/12/2016 (3,830) (0.81)



Buy 1,794 GBP Sell 2,414 USD State Street Bank 01/12/2016 (135) (0.03)

Buy 1,576 GBP Sell 1,970 USD State Street Bank 01/12/2016 1 –




Buy 105,209 GBP Sell 137,645 USD State Street Bank 19/12/2016 (4,748) (1.00)

Buy 2,405 GBP Sell 3,007 USD State Street Bank 19/12/2016 3 –


Buy 15,301 SEK Sell 1,369 GBP State Street Bank 15/12/2016 (43) (0.01)

Buy 12,052 USD Sell 9,238 GBP State Street Bank 14/12/2016 392 0.08


Buy 5,917 USD Sell 4,811 GBP State Street Bank 14/12/2016 (84) (0.02)




Buy 224 USD Sell 181 GBP State Street Bank 19/12/2016 (2) –










Value (000's)

GBP


Cash and Cash Equivalents – 5.51% (30 November 2015: 1.33%) 26,081 5.51 Other Assets in Excess of Other Liabilities– 0.11% (30 November 2015: 0.18%) 515 0.11


Amounts designated as “–“ are either £0, less than £500 or less than 500 shares





Current Assets 5.87

Total Assets 100.00

Global Value Fund



Shares (000's)

Value (000's)

USD


Common Stock

Australia - 2.84%






2 Boral Ltd (Insto placement) 8 0.01









69 South32 Ltd 137 0.11




3,553 2.84

Austria - 0.06%

3 OMV AG 80 0.06

80 0.06

Belgium - 0.19%

1 Ageas 42 0.03




– UCB SA 14 0.01

– Umicore SA 17 0.01

242 0.19

Canada - 3.67%





6 Canadian Natural Resources Ltd 202 0.16



3 ECN Capital Corp 6 0.01










2 Imperial Oil Ltd 86 0.07 2

Industrial Alliance Insurance & Financial Services Inc 81 0.06





26 Suncor Energy Inc 818 0.65






Shares (000's)

Value (000's)

USD





4,602 3.67

Denmark - 0.69%

– AP Moller - Maersk AS, Class A 35 0.03

– AP Moller - Maersk AS, Class B 74 0.06



4 DSV AS 169 0.13

4 ISS AS 118 0.09


871 0.69

Finland - 0.35%


13 Nokia Oyj 59 0.05



439 0.35

France - 3.77%

12 AXA SA 289 0.23


– Bollore SA (non-voting rights) – –

3 Bollore SA (voting rights) 9 0.01







20 Engie SA 248 0.20


29 Orange SA 416 0.33



2 SCOR SE 68 0.05



22 Total SA 1,072 0.86


4,723 3.77

Germany - 2.56%



12 Daimler AG 811 0.65



53 E.ON SE 349 0.28



1 Linde AG 132 0.11

2 Metro AG 43 0.03

1 Muenchener Rueckversicherungs-Gesellschaft AG 128 0.10

14 RWE AG 175 0.14

1 Talanx AG 26 0.02


5 Uniper SE 66 0.05

– Volkswagen AG 56 0.04

3,209 2.56

Hong Kong - 1.04%



Global Value Fund



Shares (000's)

Value (000's)

USD




2 Guoco Group Ltd 22 0.02










18 Swire Pacific Ltd, Class B 31 0.02



1,297 1.04

Ireland - 0.19%


5 CRH PLC 190 0.15

232 0.19

Israel - 0.22%

– Azrieli Group Ltd 20 0.02


17 Bank Leumi Le-Israel BM 69 0.06

11 Israel Chemicals Ltd 42 0.03



276 0.22

Italy - 0.41%






513 0.41

Japan - 9.32%

8 Aeon Co Ltd 107 0.09


















2 DIC Corp 57 0.05





1 Glory Ltd 30 0.02





Shares (000's)

Value (000's)

USD

















3 JGC Corp 52 0.04

4 JSR Corp 63 0.05






























59 NEC Corp 156 0.12












2 NOK Corp 45 0.04



5 NSK Ltd 56 0.04


15 ORIX Corp 245 0.20


Global Value Fund



Shares (000's)

Value (000's)

USD

























– Suzuken Co Ltd Japan 12 0.01




2 THK Co Ltd 39 0.03









3 Toyota Motor Corp 154 0.12






11,681 9.32

Netherlands - 1.45%

3 Aegon NV 16 0.01









1,818 1.45

New Zealand - 0.06%


81 0.06

Norway - 0.30%

12 DNB ASA 179 0.14



2 Subsea 7 SA 28 0.02


375 0.30

Shares (000's)

Value (000's)

USD



Portugal - 0.01%


16 0.01

Singapore - 0.37%

14 CapitaLand Ltd 31 0.03






17 Wilmar International Ltd 42 0.03

460 0.37

Spain - 1.07%




13 Repsol SA 176 0.14

1,340 1.07

Sweden - 0.91%


1 Holmen AB 20 0.02







21 Telia Co AB 79 0.06


1,139 0.91

Switzerland - 2.74%






1 Dufry AG 113 0.09



9 Novartis AG 654 0.52

1 Swatch Group AG (Bearer) 212 0.17

1 Swatch Group AG (Registered) 60 0.05

– Swiss Life Holding AG 125 0.10




3,428 2.74


5 3i Group PLC 46 0.04



38 Aviva PLC 211 0.17



64 BP PLC 373 0.30

188 Glencore PLC 658 0.52







Global Value Fund



Shares (000's)

Value (000's)

USD










8,619 6.88


1 Abbott Laboratories 28 0.02

4 AECOM 147 0.12

5 Aetna Inc 611 0.49






1 Allergan plc 240 0.19




– AMERCO 98 0.08



4 Anadarko Petroleum Corp 304 0.24



10 Archer-Daniels-Midland Co 437 0.35






82 AT&T Inc 3,168 2.53



2 Avnet Inc 108 0.09


1 Ball Corp 51 0.04



15 BB&T Corp 661 0.53




1 Broadcom Ltd 179 0.14

4 Bunge Ltd 244 0.19

1 CA Inc 20 0.02


14 Capital One Financial Corp 1,172 0.93





2 Charter Communications Inc 562 0.45










Shares (000's)

Value (000's)

USD




– CommerceHub Inc, Class A 2 –

– CommerceHub Inc, Class C 3 –


6 ConocoPhillips 290 0.23

19 Corning Inc 461 0.37

25 CSX Corp 897 0.72



– DaVita Inc 22 0.02

8 Delta Air Lines Inc 393 0.31









1 FedEx Corp 124 0.10



2 Flex Ltd 34 0.03




31 Freeport-McMoRan Inc 473 0.38









3 Hess Corp 150 0.12

15 Hewlett Packard Enterprise Co 364 0.29


20 Huntington Bancshares Inc 251 0.20

– Hyatt Hotels Corp 20 0.02

– Ingersoll-Rand PLC 23 0.02

51 Intel Corp 1,770 1.41








13 KeyCorp 229 0.18

9 Kinder Morgan Inc 195 0.16

2 Kohl's Corp 80 0.06








– Lennar Corp, Class B 10 0.01



– Liberty Broadband Corp, Class A 21 0.02


Global Value Fund



Shares (000's)

Value (000's)

USD











7 Macy's Inc 289 0.23









15 MGM Resorts International 439 0.35

28 Micron Technology Inc 537 0.43

– Mohawk Industries Inc 14 0.01


7 Mondelez International Inc 283 0.23


9 Mosaic Co 246 0.20


10 Mylan NV 363 0.29









8 Norfolk Southern Corp 805 0.64


8 Nucor Corp 523 0.42

3 Occidental Petroleum Corp 200 0.16






54 Pfizer Inc 1,729 1.38

6 Phillips 66 467 0.37


1 Pioneer Natural Resources Co 239 0.19

4 PNC Financial Services Group Inc 422 0.34





2 PVH Corp 222 0.18

2 Qorvo Inc 128 0.10








4 Reynolds American Inc 212 0.17

Shares (000's)

Value (000's)

USD






13 Southwest Airlines Co 612 0.49











5 TEGNA Inc 115 0.09




3 Travelers Cos Inc 337 0.27


8 Tyson Foods Inc 433 0.34


9 United Continental Holdings Inc 593 0.47


– Universal Health Services Inc 11 0.01



– Voya Financial Inc 16 0.01



25 Wells Fargo & Co 1,335 1.06







4 Yahoo! Inc 152 0.12



75,013 59.85

Total Common Stock – 98.95% 124,007 98.95

Preferred Stock

Germany - 0.36%




443 0.36

Total Preferred Stock – 0.36% 443 0.36

Rights

Australia

7 Boral Ltd – –

– –

Canada


1 –

`

Global Value Fund



Shares (000's)

Value (000's)

USD


Rights (continued)

Spain


2 –

Total Rights – 0.00% 3 –

Total Investments- 99.31% 124,453 99.31






Buy 44 AUD Sell 33 USD CitiBank 01/12/2016 – –

Unrealised Depreciation of Forward Currency Contracts – –

Net Unrealised Depreciation of Forward Currency Contracts – 0.00% – –

Value (000's)

USD


Cash and Cash Equivalents – 0.50% 625 0.50 Other Assets in Excess of Liabilities – 0.19% 248 0.19





Other transferable securities of the type referred to in Regulations 68(1)(a), (b) and (c) 0.03

Current Assets 1.28

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Australia - 16.17%

– AAT Corp Ltd – –

13 Acrux Ltd 3 –


21 AED Oil Ltd – –

8 Ainsworth Game Technology Ltd 11 0.02

48 Alkane Resources Ltd 12 0.02

33 ALS Ltd 148 0.23

4 Altium Ltd 24 0.04

54 Altona Mining Ltd 5 0.01


20 AMA Group Ltd 15 0.02

7 Amaysim Australia Ltd 10 0.02


7 AP Eagers Ltd 49 0.08


4 Appen Ltd 8 0.01

5 ARB Corp Ltd 59 0.09



1 ArtSpark Holdings Inc 19 0.03

25 Asaleo Care Ltd 28 0.04


4 AUB Group Ltd 33 0.05

38 Austal Ltd 53 0.08



8 Australian Property Systems Ltd 31 0.05

4 Auswide Bank Ltd 13 0.02


70 Avanco Resources Ltd 4 0.01

27 Aveo Group 62 0.10

19 AVJennings Ltd 9 0.01

68 AWE Ltd 31 0.05


17 Bapcor Ltd 64 0.10


63 Beadell Resources Ltd 15 0.02


8 Bell Financial Group Ltd 4 0.01

5 Bellamy's Australia Ltd 48 0.07

11 Billabong International Ltd 10 0.02


3 Blue Sky Alternative Investments Ltd 18 0.03


129 Boart Longyear Ltd 12 0.02


16 Breville Group Ltd 107 0.16




36 Capitol Health Ltd 3 –

16 Cardno Ltd 12 0.02

92 Carnarvon Petroleum Ltd 7 0.01


25 Cash Converters International Ltd 6 0.01

– CDS Technologies Ltd – –

4 Cedar Woods Properties Ltd 16 0.02


14 Codan Ltd 18 0.03

8 Collection House Ltd 8 0.01

4 Collins Foods Ltd 18 0.03

14 Compass Resources Ltd – –

Shares (000's)

Value (000's)

USD




76 Cooper Energy Ltd 18 0.03

4 Corporate Travel Management Ltd 56 0.09

7 Costa Group Holdings Ltd 16 0.02

17 Cover-More Group Ltd 16 0.02

4 Credit Corp Group Ltd 46 0.07

20 CSG Ltd 11 0.02

35 CSR Ltd 104 0.16

17 CuDeco Ltd 5 0.01

28 Data#3 Ltd 34 0.05

12 Decmil Group Ltd 9 0.01

33 Donaco International Ltd 10 0.02



11 DWS Ltd 11 0.02

11 Eclipx Group Ltd 33 0.05

17 Elders Ltd 50 0.08

69 Energy World Corp Ltd 13 0.02

1 EQT Holdings Ltd 14 0.02

11 ERM Power Ltd 9 0.01

8 Estia Health Ltd 16 0.02




249 FAR Ltd 12 0.02

14 Finbar Group Ltd 9 0.01




6 GBST Holdings Ltd 16 0.03




7 GUD Holdings Ltd 54 0.08


10 Hansen Technologies Ltd 33 0.05


12 HFA Holdings Ltd 19 0.03

17 Hills Ltd 5 0.01


26 Imdex Ltd 11 0.02

16 IMF Bentham Ltd 19 0.03


73 Infigen Energy 49 0.08

31 Infomedia Ltd 17 0.03

5 Integrated Research Ltd 9 0.01



8 IRESS Ltd 66 0.10

9 iSelect Ltd 13 0.02

15 iSentia Group Ltd 27 0.04

16 Japara Healthcare Ltd 23 0.04

7 JB Hi-Fi Ltd 144 0.22

30 Jupiter Mines Ltd – –

15 Karoon Gas Australia Ltd 21 0.03

25 Kingsgate Consolidated Ltd 5 0.01

47 Liquefied Natural Gas Ltd 21 0.03

198 Lynas Corp Ltd 10 0.02

13 MACA Ltd 15 0.02

27 Macquarie Atlas Roads Group 95 0.15



16 MaxiTRANS Industries Ltd 7 0.01




Shares (000's)

Value (000's)

USD




79 Mayne Pharma Group Ltd 93 0.14

4 McMillan Shakespeare Ltd 29 0.04

8 Melbourne IT Ltd 11 0.02

12 Mesoblast Ltd 11 0.02

22 Metals X Ltd 11 0.02


20 Michael Hill International Ltd 22 0.04

30 Mincor Resources NL 6 0.01


24 MMA Offshore Ltd 5 0.01

3 MNF Group Ltd 11 0.02


12 Monash IVF Group Ltd 18 0.03

16 Money3 Corp Ltd 18 0.03

42 Morning Star Gold NL – –

9 Mortgage Choice Ltd 14 0.02

53 Mount Gibson Iron Ltd 13 0.02


17 MYOB Group Ltd 45 0.07

2 MyState Ltd 6 0.01

18 Navitas Ltd 68 0.11

7 NetComm Wireless Ltd 12 0.02

12 New Hope Corp Ltd 14 0.02






20 OFX Group Ltd 24 0.04

13 oOh!media Ltd 40 0.06

8 Orocobre Ltd 26 0.04

71 Orora Ltd 145 0.22

3 OrotonGroup Ltd 5 0.01


12 Pact Group Holdings Ltd 59 0.09

80 Paladin Energy Ltd 5 0.01

24 Peet Ltd 17 0.03

5 Peninsula Energy Ltd 2 –


69 Perseus Mining Ltd 29 0.04

14 Platinum Asset Management Ltd 57 0.09

47 PMP Ltd 27 0.04


303 Prima Biomed Ltd 8 0.01


– Prime AET&D Holdings No 1 Pty Ltd – –

23 Prime Media Group Ltd 5 0.01

3 Pro Medicus Ltd 11 0.02



47 Ramelius Resources Ltd 17 0.03

24 RCG Corp Ltd 24 0.04

11 RCR Tomlinson Ltd 20 0.03

7 Reckon Ltd 8 0.01

– Reece Ltd 3 –

5 Regis Healthcare Ltd 16 0.02


3 Reject Shop Ltd 16 0.02



17 Ridley Corp Ltd 16 0.02


11 Salmat Ltd 4 0.01

Shares (000's)

Value (000's)

USD






6 SeaLink Travel Group Ltd 19 0.03


69 Senex Energy Ltd 13 0.02

6 Servcorp Ltd 33 0.05

13 Service Stream Ltd 9 0.01



6 SG Fleet Group Ltd 14 0.02


2 Silver Chef Ltd 12 0.02

50 Silver Lake Resources Ltd 21 0.03



16 Slater & Gordon Ltd 4 0.01

2 SmartGroup Corp Ltd 8 0.01

7 SMS Management & Technology Ltd 6 0.01



20 Specialty Fashion Group Ltd 7 0.01

11 SpeedCast International Ltd 26 0.04





76 Sundance Energy Australia Ltd 10 0.02

15 Sunland Group Ltd 17 0.03


6 Syrah Resources Ltd 11 0.02



18 Technology One Ltd 77 0.12

32 Ten Network Holdings Ltd 24 0.04


6 Thorn Group Ltd 7 0.01

111 Tiger Resources Ltd 3 –



39 Troy Resources Ltd 8 0.01

18 UGL Ltd 43 0.07

9 Villa World Ltd 15 0.02

5 Village Roadshow Ltd 17 0.03

102 Virgin Australia Holdings Ltd 16 0.03

211 Virgin Australia International Holdings – –


9 Vita Group Ltd 18 0.03


20 Watpac Ltd 13 0.02



11 Westgold Resources Ltd 11 0.02



28 WPP AUNZ Ltd 20 0.03

10,488 16.17

Hong Kong - 8.93%

39 13 Holdings Ltd 12 0.02

26 Aeon Credit Service Asia Co Ltd 18 0.03

13 Aeon Stores Hong Kong Co Ltd 12 0.02

105 Agritrade Resources Ltd 18 0.03

32 Alco Holdings Ltd 9 0.01

7 Allied Group Ltd 38 0.06




Shares (000's)

Value (000's)

USD





41 APT Satellite Holdings Ltd 22 0.03

28 Arts Optical International Hldgs Ltd 11 0.02

52 Asia Financial Holdings Ltd 28 0.04

9 Asia Satellite Telecommunications Holdings Ltd 11 0.02

85 Asia Standard International Group Ltd 19 0.03


12 Associated International Hotels Ltd 35 0.05


770 BEP International Holdings Ltd 57 0.09

134 Bonjour Holdings Ltd 6 0.01

38 Bright Smart Securities & Commodities Group Ltd 16 0.03


440 Brockman Mining Ltd 7 0.01

291 Burwill Holdings Ltd 7 0.01


258 Cash Financial Services Group Ltd 16 0.02

195 Century City International Holdings Ltd 13 0.02

505 Champion Technology Holdings Ltd 10 0.02

48 Chen Hsong Holdings 12 0.02

31 Cheuk Nang Holdings Ltd 23 0.04

10 Chevalier International Holdings Ltd 16 0.02

115 China Billion Resources Ltd 1 –

296 China Chuanglian Education Group Ltd 7 0.01

672 China Energy Development Holdings Ltd 8 0.01

530 China Ever Grand Financial Leasing Group Co Ltd 7 0.01

380 China LNG Group Ltd 9 0.01

48 China Metal International Holdings Inc 16 0.02

2 China Motor Bus Co Ltd 20 0.03



62 China Ting Group Holdings Ltd 3 0.01


30 Chu Kong Shipping Enterprises Group Co Ltd 8 0.01

193 Chuang's China Investments Ltd 13 0.02


234 CK Life Sciences International Holdings Inc 22 0.03

50 CNQC International Holdings Ltd 18 0.03 212

Common Splendor International Health Industry Group Ltd 18 0.03


744 Convoy Financial Holdings Ltd 24 0.04

790 CP Lotus Corp 12 0.02

30 Cross-Harbour Holdings Ltd 44 0.07

396 CSI Properties Ltd 14 0.02

66 CW Group Holdings Ltd 14 0.02




39 Dickson Concepts International Ltd 14 0.02

24 Eagle Nice International Holdings Ltd 7 0.01

90 EcoGreen International Group Ltd 20 0.03

123 EganaGoldpfeil Holdings Ltd – –

234 Emperor Capital Group Ltd 25 0.04

70 Emperor Entertainment Hotel Ltd 17 0.03


150 Emperor Watch & Jewellery Ltd 5 0.01

402 Enerchina Holdings Ltd 22 0.03

348 ENM Holdings Ltd 28 0.04


5 Fairwood Holdings Ltd 22 0.03




Shares (000's)

Value (000's)

USD




80 First Shanghai Investments Ltd 14 0.02

74 Fountain SET Holdings Ltd 10 0.02

20 Four Seas Mercantile Holdings Ltd 10 0.02

500 Freeman FinTech Corp Ltd 32 0.05

48 Future Bright Holdings Ltd 6 0.01


564 GCL New Energy Holdings Ltd 33 0.05


201 Get Nice Holdings Ltd 7 0.01



84 Glorious Sun Enterprises Ltd 11 0.02

98 Golden Resources Development International Ltd 6 0.01

16 Grande Holdings Ltd 1 –


42 Guangnan Holdings Ltd 5 0.01



112 Hang Fung Gold Technology Ltd – –

26 Hanison Construction Holdings Ltd 5 0.01

178 Hao Tian Development Group Ltd 8 0.01

15 Harbour Centre Development Ltd 27 0.04

53 HKBN Ltd 60 0.09


48 Hon Kwok Land Investment Co Ltd 18 0.03

3 Hong Kong Aircraft Engineering Co Ltd 19 0.03

120 Hong Kong Building & Loan Agency Ltd 5 0.01

14 Hong Kong Ferry Holdings Co Ltd 16 0.03


79 Hongkong Chinese Ltd 14 0.02


100 Hsin Chong Group Holdings Ltd 5 0.01

56 Hung Hing Printing Group Ltd 8 0.01 112


46 IGG Inc 36 0.06



240 iOne Holdings Ltd 7 0.01

75 IPE Group Ltd 17 0.03

200 IRC Ltd 10 0.02

28 IT Ltd 11 0.02

81 ITC Properties Group Ltd 34 0.05



66 Kam Hing International Holdings Ltd 4 0.01


50 Kingmaker Footwear Holdings Ltd 13 0.02


28 L'Occitane International SA 54 0.08


137 Lai Sun Garment International Ltd 27 0.04

3 Lam Soon Hong Kong Ltd 3 0.01

540 Landing International Development Ltd 13 0.02

28 Landsea Green Properties Co Ltd 2 –

26 Lifestyle China Group Ltd 7 0.01


436 Lippo China Resources Ltd 13 0.02

30 Lippo Ltd 19 0.03

238 Lisi Group Holdings Ltd 24 0.04


22 Luen Thai Holdings Ltd 9 0.01


43 Lung Kee Bermuda Holdings 15 0.02




Shares (000's)

Value (000's)

USD





306 Magnificent Hotel Investment Ltd 7 0.01


760 Mason Financial Holdings Ltd 18 0.03

512 Master Glory Group Ltd 30 0.05

71 Matrix Holdings Ltd 27 0.04


36 Midland Holdings Ltd 11 0.02

55 Ming Fai International Holdings Ltd 9 0.01



1,720 NetMind Financial Holdings Ltd 14 0.02

138 New Times Energy Corp Ltd 4 0.01


242 O Luxe Holdings Ltd 22 0.03


75 Oriental Watch Holdings 16 0.03




62 Paliburg Holdings Ltd 18 0.03

52 Paradise Entertainment Ltd 10 0.02

178 Peace Mark Holdings Ltd – –

70 Pico Far East Holdings Ltd 22 0.03

7 Playmates Holdings Ltd 9 0.01

48 Playmates Toys Ltd 8 0.01

125 Polytec Asset Holdings Ltd 10 0.02

36 Public Financial Holdings Ltd 16 0.02

263 PYI Corp Ltd 5 0.01

28 Regal Hotels International Holdings Ltd 16 0.02

170 Rentian Technology Holdings Ltd 11 0.02

192 Sa Sa International Holdings Ltd 86 0.13

4 Safety Godown Co Ltd 10 0.02

52 SAS Dragon Holdings Ltd 10 0.02



45 Shenwan Hongyuan HK Ltd 25 0.04

125 Shougang Concord Grand Group Ltd 4 0.01



89 Silver Base Group Holdings Ltd 6 0.01

350 Sincere Watch Hong Kong Ltd 10 0.02

54 Sing Tao News Corp Ltd 7 0.01

138 Singamas Container Holdings Ltd 15 0.02

20 SIS International Holdings 10 0.02

70 SITC International Holdings Co Ltd 43 0.07

20 Sitoy Group Holdings Ltd 5 0.01

206 Skyway Securities Group Ltd 5 0.01


28 SOCAM Development Ltd 9 0.01

214 Solomon Systech International Ltd 9 0.01

8 Soundwill Holdings Ltd 15 0.02


28 Success Universe Group Ltd 1 –


110 Symphony Holdings Ltd 10 0.02


78 Tan Chong International Ltd 24 0.04

32 Tao Heung Holdings Ltd 9 0.01



560 Titan Petrochemicals Group Ltd 7 0.01

92 Tom Group Ltd 22 0.03

Shares (000's)

Value (000's)

USD




78 Tradelink Electronic Commerce Ltd 16 0.03


62 Trinity Ltd 5 0.01

44 TSC Group Holdings Ltd 6 0.01

54 Tsui Wah Holdings Ltd 9 0.01

41 United Laboratories International Holdings Ltd 22 0.03


172 Upbest Group Ltd 26 0.04

74 Value Partners Group Ltd 67 0.10

29 Varitronix International Ltd 13 0.02

160 Vedan International Holdings Ltd 20 0.03

145 Victory City International Holdings Ltd 5 0.01




70 Wai Kee Holdings Ltd 23 0.04

50 Win Hanverky Holdings Ltd 9 0.01

11 Wing On Co International Ltd 33 0.05

63 Wing Tai Properties Ltd 38 0.06

15 Xinyi Automobile Glass Hong Kong Enterprises Ltd 3 –


56 Yeebo International Holdings Ltd 25 0.04

9 YGM Trading Ltd 8 0.01

64 YT Realty Group Ltd 25 0.04

5,792 8.93

Japan - 55.60%

25 77 Bank Ltd 119 0.18

4 Accordia Golf Co Ltd 38 0.06

2 Achilles Corp 22 0.03



1 Advan Co Ltd 11 0.02

1 Aeon Delight Co Ltd 33 0.05

– Aeon Fantasy Co Ltd 8 0.01

1 Ahresty Corp 7 0.01

2 Ai Holdings Corp 49 0.08


– Aichi Bank Ltd 23 0.04

6 Aichi Corp 44 0.07


1 Aichi Tokei Denki Co Ltd 15 0.02




3 Aizawa Securities Co Ltd 19 0.03

5 Akebono Brake Industry Co Ltd 14 0.02


– Alconix Corp 6 0.01


1 Alpha Corp 9 0.01


2 Alps Logistics Co Ltd 9 0.01

1 Altech Corp 16 0.02


– Amiyaki Tei Co Ltd 10 0.02

1 Amuse Inc 12 0.02

3 Anest Iwata Corp 27 0.04

1 Anicom Holdings Inc 33 0.05









Shares (000's)

Value (000's)

USD






– Arcland Service Holdings Co Ltd 10 0.02

2 Arcs Co Ltd 54 0.08

10 Ardepro Co Ltd 10 0.02

1 Argo Graphics Inc 13 0.02

2 Ariake Japan Co Ltd 90 0.14

2 Arisawa Manufacturing Co Ltd 10 0.02

1 As One Corp 35 0.05

1 Asahi Co Ltd 10 0.02



1 Asahi Kogyosha Co Ltd 16 0.02

3 Asanuma Corp 9 0.01


2 Asia Pile Holdings Corp 10 0.02

2 ASKA Pharmaceutical Co Ltd 25 0.04

1 ASKUL Corp 40 0.06

1 Ateam Inc 32 0.05

15 Atom Corp 89 0.14

24 Atsugi Co Ltd 26 0.04




1 Axial Retailing Inc 27 0.04




8 Bank of Kochi Ltd 9 0.01





1 Belc Co Ltd 40 0.06


1 Benefit One Inc 24 0.04

8 Best Denki Co Ltd 11 0.02


2 BML Inc 37 0.06

2 Broadleaf Co Ltd 22 0.03

1 BRONCO BILLY Co Ltd 13 0.02


1 C Uyemura & Co Ltd 24 0.04


1 Can Do Co Ltd 9 0.01



2 Carlit Holdings Co Ltd 10 0.02


1 Central Automotive Products Ltd 8 0.01


1 Central Security Patrols Co Ltd 17 0.03

3 Chiba Kogyo Bank Ltd 13 0.02

1 Chino Corp 5 0.01

2 Chiyoda Co Ltd 42 0.06


1 Chiyoda Integre Co Ltd 16 0.02




6 Chuetsu Pulp & Paper Co Ltd 13 0.02

19 Chugai Mining Co Ltd 5 0.01


Shares (000's)

Value (000's)

USD




1 Chukyo Bank Ltd 19 0.03

8 Chuo Gyorui Co Ltd 19 0.03

7 Chuo Spring Co Ltd 19 0.03

1 Ci:z Holdings Co Ltd 36 0.06


7 CKD Corp 81 0.12

9 Clarion Co Ltd 30 0.05

1 CMIC Holdings Co Ltd 9 0.01

5 CMK Corp 26 0.04



1 COLOPL Inc 12 0.02

5 Colowide Co Ltd 80 0.12

2 Computer Engineering & Consulting Ltd 28 0.04

1 CONEXIO Corp 14 0.02

3 COOKPAD Inc 32 0.05

1 Corona Corp 12 0.02

1 Cosel Co Ltd 9 0.01


3 Create Restaurants Holdings Inc 24 0.04

2 Create SD Holdings Co Ltd 45 0.07

1 CROOZ Inc 16 0.02

1 CTI Engineering Co Ltd 13 0.02

3 D.A. Consortium Holdings Inc 20 0.03

8 Dai Nippon Toryo Co Ltd 15 0.02

2 Dai-Dan Co Ltd 16 0.03


5 Daido Kogyo Co Ltd 11 0.02



4 Daidoh Ltd 13 0.02




6 Daiichi Jitsugyo Co Ltd 35 0.05


1 Daiken Corp 21 0.03

1 Daikoku Denki Co Ltd 12 0.02

– Daikokutenbussan Co Ltd 13 0.02

22 Daikyo Inc 46 0.07

3 Daikyonishikawa Corp 33 0.05

2 Dainichi Co Ltd 10 0.02

3 Dainichiseika Color & Chemicals Manufacturing Co Ltd 16 0.02



2 Daiseki Co Ltd 44 0.07

1 Daiseki Eco. Solution Co Ltd 13 0.02


12 Daito Bank Ltd 18 0.03

1 Daito Pharmaceutical Co Ltd 14 0.02






1 Denyo Co Ltd 12 0.02

3 Descente Ltd 31 0.05

2 Dexerials Corp 15 0.02

1 Digital Arts Inc 11 0.02

2 Digital Garage Inc 44 0.07

2 Dip Corp 40 0.06


2 Doshisha Co Ltd 34 0.05




Shares (000's)

Value (000's)

USD






1 DTS Corp 34 0.05




1 Earth Chemical Co Ltd 21 0.03


– eGuarantee Inc 9 0.01


2 Eidai Co Ltd 9 0.01


1 Eiken Chemical Co Ltd 29 0.04

1 Eizo Corp 36 0.06

1 Elecom Co Ltd 16 0.02

1 Elematec Corp 10 0.02

2 en-japan Inc 34 0.05

1 Enplas Corp 20 0.03

2 EPS Holdings Inc 24 0.04

2 ESPEC Corp 24 0.04


3 F@N Communications Inc 18 0.03

1 Faith Inc 9 0.01

2 Fancl Corp 28 0.04

3 FCC Co Ltd 56 0.09

11 Feed One Co Ltd 15 0.02


12 FIDEA Holdings Co Ltd 20 0.03

1 Fields Corp 12 0.02

4 Financial Products Group Co Ltd 36 0.06

2 FINDEX Inc 18 0.03


2 FP Corp 80 0.12

1 France Bed Holdings Co Ltd 11 0.02

2 Freund Corp 21 0.03

14 Fudo Tetra Corp 26 0.04


2 Fuji Corp Ltd 13 0.02

1 Fuji Kosan Co Ltd 5 0.01

4 Fuji Kyuko Co Ltd 37 0.06


4 Fuji Oil Co Ltd 12 0.02


2 Fuji Oozx Inc 7 0.01

1 Fuji Pharma Co Ltd 19 0.03

2 Fuji Seal International Inc 94 0.14



1 Fujicco Co Ltd 21 0.03





4 Fujita Kanko Inc 12 0.02



1 Fujiya Co Ltd 2 –

1 Fukuda Corp 10 0.02

1 Fukuda Denshi Co Ltd 38 0.06


1 Fukui Computer Holdings Inc 16 0.02

1 Fukushima Industries Corp 20 0.03


Shares (000's)

Value (000's)

USD




1 FULLCAST Holdings Co Ltd 12 0.02

2 Fumakilla Ltd 12 0.02

3 Funai Electric Co Ltd 24 0.04

2 Funai Soken Holdings Inc 32 0.05



– Furuno Electric Co Ltd 3 –

2 Fuso Chemical Co Ltd 43 0.07

1 Fuso Pharmaceutical Industries Ltd 17 0.03



1 Future Corp 10 0.02



8 Gakken Holdings Co Ltd 23 0.04

3 GCA Corp 21 0.03

– Genky Stores Inc 10 0.02


1 Giken Ltd 9 0.01

– Globeride Inc 6 0.01



1 GMO Payment Gateway Inc 46 0.07



8 Gree Inc 41 0.06


4 GSI Creos Corp 4 0.01

10 Gunze Ltd 33 0.05

2 Gurunavi Inc 34 0.05

2 H-One Co Ltd 21 0.03


1 Hagihara Industries Inc 23 0.04

– Halows Co Ltd 6 0.01


1 Handsman Co Ltd 10 0.02



1 Haruyama Trading Co Ltd 11 0.02


1 Hearts United Group Co Ltd 11 0.02




2 HI-LEX CORP 42 0.07

1 Hibiya Engineering Ltd 22 0.03

2 Hiday Hidaka Corp 37 0.06

1 Hioki EE Corp 13 0.02

4 Hiramatsu Inc 20 0.03

1 Hirano Tecseed Co Ltd 12 0.02

1 Hirata Corp 33 0.05

2 Hiroshima Gas Co Ltd 6 0.01



4 Hitachi Kokusai Electric Inc 77 0.12




1 Hochiki Corp 10 0.02

– Hodogaya Chemical Co Ltd 10 0.02


1 Hokkaido Coca-Cola Bottling Co Ltd 6 0.01





Shares (000's)

Value (000's)

USD




8 Hokkaido Gas Co Ltd 19 0.03

6 Hokkan Holdings Ltd 22 0.03





2 Hokuto Corp 28 0.04

3 Honeys Co Ltd 28 0.04

4 Hoosiers Holdings 22 0.03



2 Hosokawa Micron Corp 12 0.02






– Ichibanya Co Ltd 7 0.01

10 Ichigo Inc 40 0.06

4 Ichikoh Industries Ltd 13 0.02

2 Ichinen Holdings Co Ltd 15 0.02

3 Ichiyoshi Securities Co Ltd 21 0.03

1 Icom Inc 9 0.01

1 Idec Corp 13 0.02

9 IDOM Inc 47 0.07

2 Ihara Chemical Industry Co Ltd 21 0.03


3 IJT Technology Holdings Co Ltd 11 0.02

1 Imasen Electric Industrial 11 0.02



1 Inageya Co Ltd 19 0.03

2 Ines Corp 24 0.04

1 Infocom Corp 10 0.02

3 Infomart Corp 29 0.04

2 Information Services International-Dentsu Ltd 33 0.05

1 Intage Holdings Inc 13 0.02

3 Internet Initiative Japan Inc 43 0.07

1 Iriso Electronics Co Ltd 36 0.06

1 Ise Chemicals Corp 4 0.01

14 Iseki & Co Ltd 28 0.04


3 Istyle Inc 20 0.03

2 Itfor Inc 9 0.01




1 IwaiCosmo Holdings Inc 9 0.01


12 Iwatsu Electric Co Ltd 9 0.01




1 JAC Recruitment Co Ltd 8 0.01



1 Jamco Corp 24 0.04




1 Japan Drilling Co Ltd 11 0.02

2 Japan Lifeline Co Ltd 41 0.06

1 Japan Material Co Ltd 23 0.04

Shares (000's)

Value (000's)

USD




1 Japan Oil Transportation Co Ltd 13 0.02

1 Japan Property Management Center Co Ltd 7 0.01

4 Japan Pulp & Paper Co Ltd 12 0.02

– Japan Radio Co Ltd 5 0.01



4 Japan Transcity Corp 14 0.02


1 JCU Corp 22 0.03

6 Jeol Ltd 24 0.04

7 Jimoto Holdings Inc 11 0.02

1 Jin Co Ltd 34 0.05

1 Joban Kosan Co Ltd 11 0.02


5 JP-Holdings Inc 11 0.02

1 JSP Corp 23 0.04

2 Juki Corp 16 0.02


4 Justsystems Corp 37 0.06

12 JVC Kenwood Corp 33 0.05

1 K&O Energy Group Inc 14 0.02





1 Kameda Seika Co Ltd 37 0.06

1 Kamei Corp 13 0.02

2 Kanaden Corp 16 0.02

4 Kanagawa Chuo Kotsu Co Ltd 26 0.04




1 Kanematsu Electronics Ltd 17 0.03


3 Kanto Denka Kogyo Co Ltd 25 0.04

2 Kappa Create Co Ltd 18 0.03

2 Kasai Kogyo Co Ltd 24 0.04



1 Kato Works Co Ltd 21 0.03

– Kawada Technologies Inc 18 0.03

3 Kawakin Holdings Co Ltd 8 0.01

2 Kawasaki Kinkai Kisen Kaisha Ltd 5 0.01


4 Keihanshin Building Co Ltd 22 0.03

6 Keihin Co Ltd 8 0.01



4 Keiyo Co Ltd 17 0.03

9 Kenedix Inc 32 0.05

1 Kenko Mayonnaise Co Ltd 20 0.03

1 Key Coffee Inc 24 0.04

1 KFC Holdings Japan Ltd 12 0.02

6 Kintetsu Department Store Co Ltd 19 0.03



– Kita-Nippon Bank Ltd 11 0.02

1 Kitagawa Iron Works Co Ltd 10 0.02

4 Kitano Construction Corp 11 0.02

3 Kito Corp 31 0.05

7 Kitz Corp 40 0.06


2 KLab Inc 14 0.02




Shares (000's)

Value (000's)

USD




10 KNT-CT Holdings Co Ltd 13 0.02

2 Koa Corp 23 0.04

3 Koatsu Gas Kogyo Co Ltd 19 0.03

1 Kobe Bussan Co Ltd 19 0.03


6 Koike Sanso Kogyo Co Ltd 14 0.02

5 Kojima Co Ltd 11 0.02


1 Komatsu Wall Industry Co Ltd 13 0.02



1 Kondotec Inc 7 0.01



1 Koshidaka Holdings Co Ltd 18 0.03

1 Kotobuki Spirits Co Ltd 30 0.05

– Kourakuen Holdings Corp 4 0.01

8 Krosaki Harima Corp 22 0.03

– KRS Corp 2 –



1 Kura Corp 34 0.05



1 Kurimoto Ltd 15 0.02


1 Kusuri no Aoki Holdings Co Ltd 43 0.07

10 KYB Corp 46 0.07





– Kyokuyo Co Ltd 9 0.01






1 LAC Co Ltd 11 0.02

2 Laox Co Ltd 13 0.02

1 Lasertec Corp 24 0.04

– LEC Inc 12 0.02


1 Life Corp 26 0.04

1 Linical Co Ltd 7 0.01


3 Look Inc 5 0.01

1 M&A Capital Partners Co Ltd 21 0.03



1 Maeda Kosen Co Ltd 15 0.02



1 Mamezou Holdings Co Ltd 10 0.02

1 Mandom Corp 43 0.07

2 Mani Inc 39 0.06

– Mars Engineering Corp 2 –



2 Marusan Securities Co Ltd 14 0.02


1 Maruwa Unyu Kikan Co Ltd 13 0.02

1 Maruzen Co Ltd 10 0.02

Shares (000's)

Value (000's)

USD




4 Maruzen Showa Unyu Co Ltd 16 0.02

3 Marvelous Inc 18 0.03

1 Matsui Construction Co Ltd 12 0.02

2 Matsuya Co Ltd 17 0.03

1 Matsuya Foods Co Ltd 18 0.03

2 Max Co Ltd 24 0.04

3 MCJ Co Ltd 24 0.04

2 MEC Co Ltd 14 0.02

2 Medical System Network Co Ltd 7 0.01


2 Meiko Network Japan Co Ltd 15 0.02


2 Meitec Corp 68 0.10

1 Meito Sangyo Co Ltd 13 0.02


– Menicon Co Ltd 3 –

1 METAWATER Co Ltd 18 0.03


4 Micronics Japan Co Ltd 40 0.06


4 Mie Kotsu Group Holdings Inc 14 0.02

1 Milbon Co Ltd 27 0.04

3 Mimasu Semiconductor Industry Co Ltd 33 0.05




1 Miroku Jyoho Service Co Ltd 17 0.03

1 Misawa Homes Co Ltd 13 0.02


6 Mito Securities Co Ltd 16 0.02


5 Mitsubishi Nichiyu Forklift Co Ltd 35 0.05



– Mitsubishi Research Institute Inc 11 0.02





1 Mitsui High-Tec Inc 8 0.01

4 Mitsui Home Co Ltd 16 0.02





4 Mitsumura Printing Co Ltd 7 0.01



1 Mochida Pharmaceutical Co Ltd 63 0.10

1 Modec Inc 19 0.03


– Monogatari Corp 8 0.01




3 Morozoff Ltd 12 0.02

– Mory Industries Inc 7 0.01

4 MTI Ltd 26 0.04



1 N Field Co Ltd 14 0.02


1 Nafco Co Ltd 12 0.02




Shares (000's)

Value (000's)

USD




1 Nagaileben Co Ltd 29 0.04

1 Nagano Bank Ltd 12 0.02


2 Nagatanien Holdings Co Ltd 24 0.04

– Nagawa Co Ltd 11 0.02

1 Nakamuraya Co Ltd 21 0.03

1 Nakanishi Inc 44 0.07

3 Nakayama Steel Works Ltd 16 0.02



– NDS Co Ltd 7 0.01

1 NEC Capital Solutions Ltd 14 0.02



3 Neturen Co Ltd 22 0.03

3 New Japan Chemical Co Ltd 4 0.01

4 Next Co Ltd 28 0.04

1 Nexyz Group Corp 12 0.02


7 Nice Holdings Inc 9 0.01

3 Nichi-iko Pharmaceutical Co Ltd 41 0.06

5 Nichia Steel Works Ltd 12 0.02


2 Nichiban Co Ltd 15 0.02


1 Nichiden Corp 22 0.03


4 NichiiGakkan Co Ltd 29 0.05

2 Nichireki Co Ltd 16 0.02

1 Nihon Chouzai Co Ltd 35 0.05

– Nihon Dempa Kogyo Co Ltd 1 –

7 Nihon House Holdings Co Ltd 26 0.04

3 Nihon Kagaku Sangyo Co Ltd 22 0.03

3 Nihon Nohyaku Co Ltd 19 0.03


2 Nihon Tokushu Toryo Co Ltd 23 0.04

– Nihon Trim Co Ltd 11 0.02

3 Nihon Unisys Ltd 36 0.06

13 Nihon Yamamura Glass Co Ltd 22 0.03




1 Nippon Beet Sugar Manufacturing Co Ltd 29 0.04

8 Nippon Carbon Co Ltd 18 0.03



18 Nippon Coke & Engineering Co Ltd 16 0.02

3 Nippon Concrete Industries Co Ltd 9 0.01

9 Nippon Denko Co Ltd 18 0.03


4 Nippon Felt Co Ltd 18 0.03



1 Nippon Kanzai Co Ltd 17 0.03





30 Nippon Parking Development Co Ltd 44 0.07

2 Nippon Pillar Packing Co Ltd 17 0.03



6 Nippon Sharyo Ltd 15 0.02

Shares (000's)

Value (000's)

USD










1 Nippon Valqua Industries Ltd 16 0.02

19 Nippon Yakin Kogyo Co Ltd 34 0.05




1 Nishikawa Rubber Co Ltd 17 0.03


3 Nishimatsuya Chain Co Ltd 34 0.05



4 Nissan Tokyo Sales Holdings Co Ltd 10 0.02

1 Nissei ASB Machine Co Ltd 15 0.02

8 Nissei Build Kogyo Co Ltd 38 0.06

1 Nissei Corp 12 0.02

2 Nissha Printing Co Ltd 36 0.06




4 Nissin Corp 12 0.02

3 Nissin Electric Co Ltd 31 0.05


1 Nissin Sugar Co Ltd 8 0.01


2 Nittan Valve Co Ltd 7 0.01

– Nittetsu Mining Co Ltd 14 0.02



1 Nitto Kohki Co Ltd 22 0.03

1 Nittoku Engineering Co Ltd 14 0.02

1 NJS Co Ltd 14 0.02

1 Noevir Holdings Co Ltd 28 0.04

9 NOF Corp 84 0.13

2 Nohmi Bosai Ltd 27 0.04

1 Nojima Corp 15 0.02

2 Nomura Co Ltd 37 0.06


2 Noritsu Koki Co Ltd 15 0.02



2 NS Solutions Corp 40 0.06

7 NS United Kaiun Kaisha Ltd 13 0.02

2 NSD Co Ltd 28 0.04

38 NTN Corp 146 0.23

– NuFlare Technology Inc 14 0.02


3 Obayashi Road Corp 22 0.03

– Odelic Co Ltd 14 0.02


1 Ohsho Food Service Corp 25 0.04




5 Okamoto Industries Inc 47 0.07




1 Okinawa Cellular Telephone Co 25 0.04




Shares (000's)

Value (000's)

USD




2 Okinawa Electric Power Co Inc 44 0.07



5 Okura Industrial Co Ltd 22 0.03

2 Okuwa Co Ltd 21 0.03

2 Olympic Group Corp 12 0.02

1 Onoken Co Ltd 11 0.02



1 Optex Co Ltd 25 0.04

6 Osaka Soda Co Ltd 25 0.04


1 OSAKA Titanium Technologies Co Ltd 17 0.03


6 OSG Corp 112 0.17

11 OSJB Holdings Corp 22 0.03

1 Otsuka Kagu Ltd 10 0.02

1 Outsourcing Inc 32 0.05

2 Oyo Corp 20 0.03



1 Pack Corp 18 0.03

1 PAL GROUP Holdings Co Ltd 16 0.02

2 Paltac Corp 48 0.07


1 Paramount Bed Holdings Co Ltd 41 0.06

3 Parco Co Ltd 24 0.04

3 Paris Miki Holdings Inc 14 0.02

3 Pasona Group Inc 20 0.03

2 PC Depot Corp 8 0.01


1 PIA Corp 16 0.02




1 Plenus Co Ltd 25 0.04

1 Poletowin Pitcrew Holdings Inc 10 0.02


2 Pressance Corp 30 0.05

3 Prestige International Inc 23 0.04

11 Prima Meat Packers Ltd 39 0.06

1 Pronexus Inc 13 0.02

1 Qol Co Ltd 14 0.02

3 Raito Kogyo Co Ltd 39 0.06

9 Rasa Industries Ltd 10 0.02

2 Relia Inc 17 0.03

– Relo Group Inc 28 0.04


– Retail Partners Co Ltd 1 –

9 Rhythm Watch Co Ltd 15 0.02


2 Right On Co Ltd 15 0.02


1 Riken Keiki Co Ltd 16 0.02

1 Riken Technos Corp 6 0.01

1 Riken Vitamin Co Ltd 27 0.04

1 Ringer Hut Co Ltd 20 0.03


2 Riso Kyoiku Co Ltd 12 0.02

1 Rock Field Co Ltd 15 0.02


2 Rokko Butter Co Ltd 33 0.05

1 Roland DG Corp 15 0.02

Shares (000's)

Value (000's)

USD




– Rorze Corp 6 0.01


1 Royal Holdings Co Ltd 24 0.04

10 Ryobi Ltd 41 0.06

5 Ryoden Corp 33 0.05



1 S Foods Inc 26 0.04

– S&B Foods Inc 4 0.01

2 Sac's Bar Holdings Inc 21 0.03

22 Saibu Gas Co Ltd 48 0.07

3 Saizeriya Co Ltd 78 0.12


5 Sakai Heavy Industries Ltd 12 0.02

1 Sakai Moving Service Co Ltd 23 0.04


2 Sakata Seed Corp 47 0.07

2 Sakura Internet Inc 19 0.03

2 SAMTY Co Ltd 16 0.02

1 San Holdings Inc 15 0.02

1 San-A Co Ltd 53 0.08







4 Sankyo Seiko Co Ltd 12 0.02



2 Sanoh Industrial Co Ltd 10 0.02

4 Sanrio Co Ltd 64 0.10

2 Sanshin Electronics Co Ltd 16 0.02




6 Sanyo Electric Railway Co Ltd 31 0.05

10 Sanyo Shokai Ltd 14 0.02



2 Sato Holdings Corp 34 0.05

1 Sato Restaurant Systems Co Ltd 9 0.01

3 Sawada Holdings Co Ltd 21 0.03

3 SBS Holdings Inc 27 0.04

1 Secom Joshinetsu Co Ltd 26 0.04

1 Seibu Electric Industry Co Ltd 18 0.03

8 Seika Corp 23 0.04

3 Seikagaku Corp 37 0.06

2 Seikitokyu Kogyo Co Ltd 11 0.02





1 Sekisui Plastics Co Ltd 7 0.01


– Senshu Electric Co Ltd 6 0.01


2 Senshukai Co Ltd 11 0.02

6 Septeni Holdings Co Ltd 18 0.03

6 Shibusawa Warehouse Co Ltd 18 0.03


3 Shidax Corp 10 0.02





Shares (000's)

Value (000's)

USD








1 Shimojima Co Ltd 12 0.02


6 Shin-Keisei Electric Railway Co Ltd 22 0.03




1 Shinko Shoji Co Ltd 11 0.02


2 Shinnihon Corp 13 0.02

2 Shinoken Group Co Ltd 32 0.05


3 Shizuki Electric Co Inc 17 0.03


1 Shoei Co Ltd 13 0.02

2 Shoei Foods Corp 26 0.04

1 Showa Aircraft Industry Co Ltd 9 0.01




1 Siix Corp 44 0.07

1 Sinanen Holdings Co Ltd 14 0.02


2 Sinko Industries Ltd 20 0.03



10 SMK Corp 38 0.06

1 SMS Co Ltd 35 0.05

– Snow Peak Inc 9 0.01

3 Soda Nikka Co Ltd 13 0.02

4 Sodick Co Ltd 29 0.04

2 Soft99 Corp 15 0.02

1 Softbank Technology Corp 17 0.03

1 Sogo Medical Co Ltd 18 0.03

2 Sotoh Co Ltd 21 0.03

7 Sparx Group Co Ltd 15 0.02

1 SRA Holdings Inc 10 0.02


3 Star Micronics Co Ltd 36 0.06

3 Starts Corp Inc 48 0.07

1 Starzen Co Ltd 29 0.04

2 Stella Chemifa Corp 45 0.07

1 Studio Alice Co Ltd 10 0.02

1 Sumida Corp 7 0.01





2 Sumitomo Real Estate Sales Co Ltd 54 0.08




2 Sun Frontier Fudousan Co Ltd 15 0.02

37 SWCC Showa Holdings Co Ltd 28 0.04

1 Systena Corp 19 0.03


2 T&K Toka Co Ltd 15 0.02

2 T-Gaia Corp 26 0.04


1 Tachibana Eletech Co Ltd 13 0.02

Shares (000's)

Value (000's)

USD






1 Taiho Kogyo Co Ltd 14 0.02


6 Taiko Bank Ltd 14 0.02

1 Taisei Lamick Co Ltd 13 0.02



5 Takagi Securities Co Ltd 8 0.01


2 Takano Co Ltd 11 0.02



7 Takara Leben Co Ltd 42 0.06




2 Takata Corp 13 0.02

1 Takeei Corp 9 0.01


5 Takihyo Co Ltd 19 0.03

5 Takiron Co Ltd 22 0.03

6 Takuma Co Ltd 51 0.08

1 Tamron Co Ltd 22 0.03


2 Tanseisha Co Ltd 16 0.02

1 TASAKI & Co Ltd 17 0.03

3 Tatsuta Electric Wire and Cable Co Ltd 13 0.02

1 Tayca Corp 5 0.01

1 TechMatrix Corp 20 0.03

2 Techno Associe Co Ltd 16 0.02

4 Techno Ryowa Ltd 22 0.03

2 TechnoPro Holdings Inc 51 0.08

1 Tecnos Japan Inc 12 0.02


5 Teikoku Tsushin Kogyo Co Ltd 7 0.01

6 Tekken Corp 19 0.03


6 TIS Inc 126 0.19

1 TKC Corp 30 0.05

2 Toa Corp (Hyogo) 17 0.03



12 Tobishima Corp 21 0.03

2 TOC Co Ltd 22 0.03



13 Toda Corp 74 0.11

1 Toei Animation Co Ltd 31 0.05

5 Toei Co Ltd 41 0.06

2 Toenec Corp 9 0.01


1 Toho Co Ltd 22 0.03


5 Toho Titanium Co Ltd 37 0.06


14 Tohoku Bank Ltd 18 0.03

1 Tohokushinsha Film Corp 7 0.01


1 Tokai Corp 19 0.03

5 TOKAI Holdings Corp 34 0.05






Shares (000's)

Value (000's)

USD




– Token Corp 28 0.04




2 Tokyo Energy & Systems Inc 17 0.03

2 Tokyo Individualized Educational Institute Inc 10 0.02


4 Tokyo Rakutenchi Co Ltd 18 0.03

1 Tokyo Rope Manufacturing Co Ltd 26 0.04

4 Tokyo Sangyo Co Ltd 19 0.03



4 Tokyo Tekko Co Ltd 16 0.03

10 Tokyo Theatres Co Inc 16 0.02




– Tokyu Recreation Co Ltd 2 –

1 Tomato Bank Ltd 20 0.03

5 Tomoe Corp 17 0.03

6 Tomoegawa Co Ltd 13 0.02

8 Tomoku Co Ltd 23 0.04


11 Tomy Co Ltd 109 0.17

5 Tonami Holdings Co Ltd 15 0.02





2 Toridoll Holdings Corp 37 0.06


1 Torikizoku Co Ltd 11 0.02

1 Torishima Pump Manufacturing Co Ltd 11 0.02

3 Tosei Corp 21 0.03




1 Tosho Co Ltd 26 0.04


2 Totetsu Kogyo Co Ltd 40 0.06

1 Tottori Bank Ltd 16 0.02


2 Towa Corp 20 0.03



2 Toyo Corp 18 0.03

1 Toyo Denki Seizo KK 11 0.02




6 Toyo Kohan Co Ltd 19 0.03



10 Toyo Wharf & Warehouse Co Ltd 17 0.03



– Trancom Co Ltd 20 0.03

2 Transcosmos Inc 51 0.08

1 Trusco Nakayama Corp 64 0.10




5 Tsubakimoto Kogyo Co Ltd 14 0.02

Shares (000's)

Value (000's)

USD







4 Tsukui Corp 24 0.04

4 Tsumura & Co 120 0.18


1 Tsutsumi Jewelry Co Ltd 8 0.01

4 TTK Co Ltd 17 0.03


1 Tv Tokyo Holdings Corp 25 0.04



1 UKC Holdings Corp 24 0.04

3 Ulvac Inc 95 0.15

1 Union Tool Co 15 0.02




40 Unitika Ltd 30 0.05


6 Usen Corp 19 0.03

9 Ushio Inc 110 0.17

2 UT Group Co Ltd 12 0.02

– V Technology Co Ltd 21 0.03


3 Vector Inc 35 0.05

2 Vital KSK Holdings Inc 16 0.02

10 VT Holdings Co Ltd 51 0.08

2 W-Scope Corp 27 0.04


9 Wacom Co Ltd 26 0.04

11 Wakachiku Construction Co Ltd 16 0.02

6 Wakamoto Pharmaceutical Co Ltd 13 0.02


1 Warabeya Nichiyo Holdings Co Ltd 25 0.04

1 WATAMI Co Ltd 12 0.02

1 Weathernews Inc 18 0.03

2 Wellnet Corp 21 0.03

1 WirelessGate Inc 7 0.01

6 Wood One Co Ltd 14 0.02

1 Workman Co Ltd 18 0.03

1 Wowow Inc 13 0.02


2 Yahagi Construction Co Ltd 13 0.02

1 Yakuodo Co Ltd 12 0.02



2 Yamaichi Electronics Co Ltd 16 0.02


2 Yamato Corp 10 0.02




2 Yasuda Logistics Corp 15 0.02





2 Yokowo Co Ltd 13 0.02

1 Yomeishu Seizo Co Ltd 16 0.02

5 Yomiuri Land Co Ltd 21 0.03

4 Yondenko Corp 15 0.02

1 Yondoshi Holdings Inc 30 0.05




Shares (000's)

Value (000's)

USD




1 Yorozu Corp 20 0.03


1 Yume No Machi Souzou Iinkai Co Ltd 12 0.02


1 Yusen Logistics Co Ltd 10 0.02

1 Yushin Precision Equipment Co Ltd 19 0.03

2 Zenrin Co Ltd 31 0.05


12 Zeon Corp 110 0.17

3 ZERIA Pharmaceutical Co Ltd 43 0.07

3 Zojirushi Corp 47 0.07

1 Zuiko Corp 19 0.03

– Zuken Inc 4 0.01

36,068 55.60


1 Able C&C Co Ltd 10 0.02

1 AfreecaTV Co Ltd 10 0.02

1 Agabang&Company 5 0.01

– Ahnlab Inc 13 0.02

1 AJ Rent A Car Co Ltd 4 0.01

– AK Holdings Inc 22 0.03

2 ALUKO Co Ltd 8 0.01

– Asia Cement Co Ltd 5 0.01

– ASIA Holdings Co Ltd 3 –

7 Asiana Airlines Inc 28 0.04

1 AUK Corp 3 –

– Binggrae Co Ltd 25 0.04

– Bookook Securities Co Ltd 3 –

– Boryung Pharmaceutical Co Ltd 16 0.02

4 Byucksan Corp 17 0.03

2 Capro Corp 8 0.01

– Cell Biotech Co Ltd 8 0.01

1 Celltrion Pharm Inc 13 0.02

1 Chabiotech Co Ltd 12 0.02

1 China Ocean Resources Co Ltd 2 –

– Chong Kun Dang Pharmaceutical Corp 16 0.03

– Chongkundang Holdings Corp 7 0.01

– CJ Freshway Corp 7 0.01

1 CJ Hellovision Co Ltd 6 0.01

– CJ O Shopping Co Ltd 13 0.02

– Com2uSCorp 30 0.05

– Cosmax BTI Inc 6 0.01

– Cosmax Inc 31 0.05

1 COSON Co Ltd 6 0.01

– Crown Confectionery Co Ltd 9 0.01

2 CrucialTec Co Ltd 11 0.02

1 Dae Won Kang Up Co Ltd 4 0.01

2 Daeduck Electronics Co 13 0.02

1 Daeduck GDS Co Ltd 11 0.02

1 Daegu Department Store 6 0.01

1 Daekyo Co Ltd 10 0.02

1 Daesang Corp 18 0.03

– Daesang Holdings Co Ltd 3 –

– Daewon Pharmaceutical Co Ltd 6 0.01

3 Daewoo Shipbuilding & Marine Engineering Co Ltd 9 0.01

– Daewoong Pharmaceutical Co Ltd 9 0.01

1 Daishin Securities Co Ltd 10 0.02

3 Daou Technology Inc 48 0.07

1 Dawonsys Co Ltd 8 0.01

– DIO Corp 14 0.02

1 Dong A Eltek Co Ltd 16 0.03

– Dong Ah Tire & Rubber Co Ltd 10 0.02

– Dong-A Socio Holdings Co Ltd 16 0.02

Shares (000's)

Value (000's)

USD




– Dong-A ST Co Ltd 14 0.02

1 Dongbu HiTek Co Ltd 8 0.01

1 Dongbu Steel Co Ltd 14 0.02

2 Dongjin Semichem Co Ltd 16 0.02

– DongKook Pharmaceutical Co Ltd 10 0.02

3 Dongkuk Steel Mill Co Ltd 23 0.04

3 Dongwon Development Co Ltd 12 0.02

– Dongwon F&B Co Ltd 10 0.02

– Dongwon Industries Co Ltd 15 0.02

1 Doosan Engine Co Ltd 3 0.01

– Duksan Hi-Metal Co Ltd 3 –

1 DuzonBizon Co Ltd 21 0.03

– E1 Corp 9 0.01

2 Easy Bio Inc 8 0.01

2 Ecopro Co Ltd 13 0.02

2 Enex Co Ltd 5 0.01

1 ENF Technology Co Ltd 20 0.03

– Eo Technics Co Ltd 20 0.03

5 Eugene Corp 22 0.03

1 Eugene Technology Co Ltd 11 0.02

1 Eusu Holdings Co Ltd 4 0.01

2 Farmsco 16 0.03

1 Fila Korea Ltd 30 0.05

2 Foosung Co Ltd 12 0.02

1 Fursys Inc 19 0.03

1 G-SMATT GLOBAL Co Ltd 12 0.02

1 Gamevil Inc 24 0.04

– Golfzon Co Ltd 7 0.01

1 Golfzonyuwonholdings Co Ltd 4 0.01

– GS Home Shopping Inc 18 0.03

– Gwangju Shinsegae Co Ltd 7 0.01

– Halla Holdings Corp 12 0.02

1 Han Kuk Carbon Co Ltd 5 0.01

– Hana Tour Service Inc 23 0.04

1 Hancom Inc 8 0.01

– Handok Inc 9 0.01

1 Handsome Co Ltd 46 0.07

– Hanil Cement Co Ltd 7 0.01

4 Hanjin Heavy Industries & Construction Co Ltd 11 0.02

1 Hanjin Heavy Industries & Construction Holdings Co Ltd 3 –

2 Hanjin Kal Corp 23 0.04

– Hanjin Transportation Co Ltd 6 0.01

– Hankook Shell Oil Co Ltd 12 0.02

1 Hansae Co Ltd 16 0.02

– Hansae Yes24 Holdings Co Ltd 3 –

– Hansol Chemical Co Ltd 21 0.03

3 Hansol Holdings Co Ltd 15 0.02

1 Hansol Paper Co Ltd 15 0.02

1 Hansol Technics Co Ltd 9 0.01

– Hanwha Galleria Timeworld Co Ltd 3 0.01

2 Hanwha General Insurance Co Ltd 15 0.02

3 Hanwha Investment & Securities Co Ltd 5 0.01

6 HB Technology Co Ltd 20 0.03

3 Heung-A Shipping Co Ltd 3 0.01

1 Heungkuk Fire & Marine Insurance Co Ltd 2 –

3 Homecast Co Ltd 53 0.08

1 HS Industries Co Ltd 10 0.02

1 Huchems Fine Chemical Corp 19 0.03

1 Humax Co Ltd 11 0.02

1 Humedix Co Ltd 16 0.02

– Huons Co Ltd 7 0.01

– Huons Global Co Ltd 12 0.02

1 Hwa Shin Co Ltd 4 0.01




Shares (000's)

Value (000's)

USD




1 Hy-Lok Corp 22 0.03

1 Hyundai BNG Steel Co Ltd 5 0.01

– Hyundai C&F Inc 2 –

– Hyundai Cement Co 6 0.01

– Hyundai Corp 3 0.01

– Hyundai Home Shopping Network Corp 27 0.04

1 Hyundai Livart Furniture Co Ltd 29 0.05

1 Hyundai Merchant Marine Co Ltd 3 –

– Hyundai Mipo Dockyard Co Ltd 21 0.03

– i-SENS Inc 9 0.01

– Il Dong Pharmaceutical Co Ltd 4 0.01

– IlDong Holdings Co Ltd 3 –

2 Iljin Holdings Co Ltd 7 0.01

1 Iljin Materials Co Ltd 8 0.01

– Ilshin Spinning Co Ltd 14 0.02

1 iMarketKorea Inc 6 0.01

– InBody Co Ltd 8 0.01

1 Innox Corp 8 0.01

– Interojo Co Ltd 8 0.01

2 Interpark Holdings Corp 6 0.01

– IS Dongseo Co Ltd 16 0.03

– ISC Co Ltd 4 0.01

1 ISU Chemical Co Ltd 6 0.01

1 Jahwa Electronics Co Ltd 7 0.01

4 JB Financial Group Co Ltd 17 0.03

1 Jusung Engineering Co Ltd 8 0.01

– JVM Co Ltd 8 0.01

– JW Holdings Corp 3 –

1 JW Pharmaceutical Corp 32 0.05

1 KB Capital Co Ltd 15 0.02

2 KC Tech Co Ltd 20 0.03

1 KEPCO Engineering & Construction Co Inc 12 0.02

4 Keyeast Co Ltd 9 0.01

1 Kginicis Co Ltd 7 0.01

1 KH Vatec Co Ltd 11 0.02

– KISCO Corp 13 0.02

– KISWIRE Ltd 1 –

1 Koh Young Technology Inc 20 0.03

1 Kolao Holdings 7 0.01

– Kolon Corp 11 0.02

1 KONA I Co Ltd 6 0.01

1 Korea Circuit Co Ltd 4 0.01

– Korea District Heating Corp 14 0.02

– Korea Electric Terminal Co Ltd 25 0.04

– Korea Kolmar Holdings Co Ltd 8 0.01

1 Korea Line Corp 15 0.02

– Korea Petrochemical Ind Co Ltd 22 0.03


1 KT Skylife Co Ltd 17 0.03

– Kukdo Chemical Co Ltd 4 0.01

1 Kumho Industrial Co Ltd 10 0.02

2 Kwang Dong Pharmaceutical Co Ltd 14 0.02

1 Kwangju Bank 12 0.02

– Kyung Dong Navien Co Ltd 14 0.02

1 Leaders Cosmetics Co Ltd 8 0.01

– LEENO Industrial Inc 15 0.02

1 LF Corp 13 0.02

– LG Hausys Ltd 25 0.04

1 LG International Corp 28 0.04

– LG Life Sciences Ltd 11 0.02

1 Lock&Lock Co Ltd 16 0.02

1 LOTTE Fine Chemical Co Ltd 23 0.04

– Lotte Food Co Ltd 16 0.02

Shares (000's)

Value (000's)

USD




– LOTTE Himart Co Ltd 15 0.02

– LS Industrial Systems Co Ltd 15 0.02

2 Lumens Co Ltd 7 0.01

– Macrogen Inc 12 0.02

– Maeil Dairy Industry Co Ltd 11 0.02

– MegaStudy Co Ltd 4 0.01

– MegaStudyEdu Co Ltd 4 0.01

1 Melfas Inc 3 –

1 Modetour Network Inc 15 0.02

– Motonic Corp 1 –

1 Muhak Co Ltd 11 0.02

2 Namhae Chemical Corp 14 0.02

– Namyang Dairy Products Co Ltd 14 0.02

2 Neowiz Games Corp 15 0.02

2 Nexen Tire Corp 18 0.03

1 NHN Entertainment Corp 22 0.03

– NHN KCP Corp 4 0.01

1 NICE Holdings Co Ltd 16 0.02

1 Nice Information & Telecommunication Inc 15 0.02

2 NICE Information Service Co Ltd 13 0.02

– Nong Shim Holdings Co Ltd 12 0.02

– NS Shopping Co Ltd 7 0.01

1 ONDA Entertainment Co Ltd 1 –

1 OPTRON-TEC Inc 5 0.01

1 Osstem Implant Co Ltd 33 0.05

2 Paradise Co Ltd 17 0.03

2 Partron Co Ltd 15 0.02

1 POSCO Chemtech Co Ltd 8 0.01

3 Posco ICT Co Ltd 12 0.02

2 Posco M-Tech Co Ltd 4 0.01

1 PSK Inc 11 0.02

1 Pyeong Hwa Automotive Co Ltd 7 0.01

1 S&T Dynamics Co Ltd 10 0.02

– S&T Motiv Co Ltd 11 0.02

1 Sam Yung Trading Co Ltd 8 0.01

– Samchully Co Ltd 8 0.01

2 Samick Musical Instruments Co Ltd 4 0.01

1 Samjin Pharmaceutical Co Ltd 14 0.02

– Samkwang Glass 7 0.01

3 SAMT Co Ltd 4 0.01

– Samyang Corp 30 0.05

– Samyang Holdings Corp 16 0.02

14 SBW 22 0.03

1 Seah Besteel Corp 17 0.03

– SeAH Steel Corp 11 0.02

1 Sebang Co Ltd 9 0.01

1 Sebang Global Battery Co Ltd 16 0.02

– Seegene Inc 10 0.02

1 Sejong Industrial Co Ltd 5 0.01

1 Sekonix Co Ltd 6 0.01

1 Seobu T&D 9 0.01

14 Seohee Construction Co Ltd 16 0.02

2 Seoul Semiconductor Co Ltd 19 0.03

1 Seoyon Co Ltd 5 0.01

1 Seoyon E-Hwa Co Ltd 7 0.01

– Sewon Precision Industry Co Ltd 1 –

– SFA Engineering Corp 20 0.03

3 SFA Semicon Co Ltd 5 0.01

4 Shin Poong Pharmaceutical Co Ltd 17 0.03

– Shinsegae Food Co Ltd 13 0.02

– Shinsegae International Inc 1 –

– Shinyoung Securities Co Ltd 11 0.02

1 Showbox Corp 4 0.01




Shares (000's)

Value (000's)

USD




1 Silicon Works Co Ltd 15 0.02

– Silla Co Ltd 3 –

3 Simmtech Holdings Co Ltd 8 0.01

– Sindoh Co Ltd 11 0.02

– SK Bioland Co Ltd 7 0.01

– SK Gas Ltd 42 0.06

18 SK Securities Co Ltd 15 0.02

2 SKC Co Ltd 53 0.08

1 SL Corp 16 0.02

1 SM Entertainment Co 25 0.04

1 Songwon Industrial Co Ltd 11 0.02

– Soulbrain Co Ltd 18 0.03

– Suheung Co Ltd 13 0.02

– SundayToz Corp 8 0.01

1 Sung Kwang Bend Co Ltd 7 0.01

1 Sungwoo Hitech Co Ltd 9 0.01

– Suprema HQ Inc 2 –

– Suprema Inc 5 0.01

– Taekwang Industrial Co Ltd 13 0.02

1 Taewoong Co Ltd 13 0.02

3 Taeyoung Engineering & Construction Co Ltd 13 0.02

1 TBH Global Co Ltd 3 0.01

1 TES Co Ltd 11 0.02

3 Texcell-NetCom Co Ltd 14 0.02

6 Tongyang Inc 16 0.02

2 Tongyang Life Insurance Co Ltd 21 0.03

1 Toptec Co Ltd 13 0.02

1 Tovis Co Ltd 5 0.01

– Uju Electronics Co Ltd 4 0.01

1 Unid Co Ltd 19 0.03

– Value Added Technologies Co Ltd 8 0.01

1 Viatron Technologies Inc 15 0.02

– Vieworks Co Ltd 18 0.03

1 Webzen Inc 9 0.01

– WeMade Entertainment Co Ltd 5 0.01

1 Whanin Pharmaceutical Co Ltd 12 0.02

1 WiSoL Co Ltd 8 0.01

1 Wonik Holdings Co Ltd 4 0.01

1 Wonik IPS Co Ltd 16 0.03

– Wonik Materials Co Ltd 10 0.02

3 Woongjin Co Ltd 6 0.01

2 Woongjin Thinkbig Co Ltd 14 0.02

1 YESCO Co Ltd 16 0.03

– YG Entertainment Inc 7 0.01

– Youngone Holdings Co Ltd 16 0.02

6 Yuanta Securities Korea Co Ltd 16 0.03

3,472 5.35

New Zealand - 2.69%

52 a2 Milk Co Ltd 91 0.14

1 Abano Healthcare Group Ltd 4 0.01


3 Briscoe Group Ltd 9 0.01





12 Freightways Ltd 57 0.09

29 Genesis Energy Ltd 42 0.06


6 Hellaby Holdings Ltd 14 0.02

39 Infratil Ltd 77 0.12

10 Kathmandu Holdings Ltd 13 0.02


Shares (000's)

Value (000's)

USD





14 Millennium & Copthorne Hotels New Zealand Ltd 23 0.04

32 New Zealand Oil & Gas Ltd 14 0.02


14 NZME Ltd 5 0.01

22 NZX Ltd 16 0.02

5 Pacific Edge Ltd 2 –

19 PGG Wrightson Ltd 6 0.01

16 Pike River Coal Ltd – –


12 Restaurant Brands New Zealand Ltd 43 0.07


6 Sanford Ltd 29 0.04

13 Skellerup Holdings Ltd 14 0.02



10 Steel & Tube Holdings Ltd 16 0.02


3 Tilt Renewables Ltd 4 0.01

6 Tower Ltd 3 –


3 Trustpower Ltd 10 0.02

20 Vector Ltd 45 0.07

10 Warehouse Group Ltd 20 0.03

4 Xero Ltd 45 0.07


1,749 2.69

Singapore - 3.75%

17 Abterra Ltd 7 0.01

33 Accordia Golf Trust 16 0.02

42 Amara Holdings Ltd 12 0.02

56 Ascendas India Trust 41 0.06

35 Banyan Tree Holdings Ltd 9 0.01

19 Bonvests Holdings Ltd 16 0.03


12 Boustead Singapore Ltd 7 0.01

11 BreadTalk Group Ltd 8 0.01


30 Bund Center Investment Ltd 15 0.02

17 China Aviation Oil Singapore Corp Ltd 16 0.02

42 China Everbright Water Ltd 14 0.02

16 Chip Eng Seng Corp Ltd 7 0.01

74 Chuan Hup Holdings Ltd 12 0.02

116 Cosco Corp Singapore Ltd 22 0.03

38 CSE Global Ltd 11 0.02

14 CWT Ltd 20 0.03

61 Del Monte Pacific Ltd 15 0.02

17 Delfi Ltd 28 0.04

25 DMX Technologies Group Ltd 1 –

10 Elec & Eltek International Co Ltd 8 0.01


154 Ezra Holdings Ltd 5 0.01

20 Far East Orchard Ltd 21 0.03


15 First Sponsor Group Ltd 14 0.02

65 Food Empire Holdings Ltd 20 0.03

140 Fragrance Group Ltd 15 0.02

22 Frasers Centrepoint Ltd 23 0.04

17 GK Goh Holdings Ltd 9 0.02

27 GL Ltd 14 0.02

15 Global Premium Hotels Ltd 3 0.01

376 Golden Agri-Resources Ltd 113 0.17

1 Golden Energy & Resources Ltd – –




Shares (000's)

Value (000's)

USD




42 GSH Corp Ltd 14 0.02

29 Halcyon Agri Corp Ltd 11 0.02

97 Hanwell Holdings Ltd 15 0.02


32 Hiap Hoe Ltd 15 0.02

12 Ho Bee Land Ltd 17 0.03

9 Hong Leong Asia Ltd 4 0.01


28 Hotel Grand Central Ltd 27 0.04

24 Hour Glass Ltd 11 0.02


59 Hwa Hong Corp Ltd 13 0.02

35 Hyflux Ltd 12 0.02

27 Indofood Agri Resources Ltd 10 0.02

26 Innovalues Ltd 17 0.03

6 Isetan Singapore Ltd 16 0.02

24 Japfa Ltd 15 0.02

90 Jurong Technologies Industrial Corp Ltd – –

16 k1 Ventures Ltd 10 0.02


14 Keppel Telecommunications & Transportation Ltd 16 0.03

32 Low Keng Huat Singapore Ltd 13 0.02

28 M1 Ltd 38 0.06

7 Mandarin Oriental International Ltd 9 0.01


63 Mewah International Inc 14 0.02

77 Midas Holdings Ltd 12 0.02



14 NSL Ltd 16 0.02

19 OUE Ltd 23 0.04

13 Pan-United Corp Ltd 5 0.01

35 Q&M Dental Group Singapore Ltd 17 0.03

9 QAF Ltd 8 0.01

61 Raffles Education Corp Ltd 8 0.01


46 RHT Health Trust 28 0.04

30 Riverstone Holdings Ltd 19 0.03

30 SATS Ltd 102 0.16

18 SBS Transit Ltd 25 0.04



24 Sheng Siong Group Ltd 17 0.03

17 SIA Engineering Co Ltd 41 0.06



52 Sing Holdings Ltd 11 0.02


21 Sino Grandness Food Industry Group Ltd 5 0.01

54 Stamford Land Corp Ltd 18 0.03

11 Sunningdale Tech Ltd 8 0.01

33 Super Group Ltd 29 0.05

34 Tat Hong Holdings Ltd 8 0.01

26 Tuan Sing Holdings Ltd 5 0.01

31 UMS Holdings Ltd 13 0.02


5 United Industrial Corp Ltd 10 0.02

5 United Overseas Insurance Ltd 18 0.03



42 Vard Holdings Ltd 7 0.01


24 Vibrant Group Ltd 6 0.01

Shares (000's)

Value (000's)

USD






23 Yongnam Holdings Ltd 3 0.01

2,431 3.75

Taiwan - 7.40%

8 A-DATA Technology Co Ltd 14 0.02

16 AcBel Polytech Inc 11 0.02

37 Accton Technology Corp 50 0.08

4 ACES Electronic Co Ltd 3 –

2 Acter Co Ltd 6 0.01

3 Actron Technology Corp 9 0.01

3 Adlink Technology Inc 5 0.01

2 Advanced Ceramic X Corp 15 0.02

6 Advanced International Multitech Co Ltd 4 0.01

4 Advanced Wireless Semiconductor Co 6 0.01

15 ALI Corp 8 0.01

15 Alpha Networks Inc 9 0.01

12 Ambassador Hotel 9 0.01

72 AmTRAN Technology Co Ltd 50 0.08

11 Arcadyan Technology Corp 20 0.03

23 Ardentec Corp 17 0.03

8 Asia Optical Co Inc 8 0.01

3 Asia Polymer Corp 1 –

21 Asia Vital Components Co Ltd 16 0.02

1 ASPEED Technology Inc 15 0.02

2 ASROCK Inc 2 –

7 Aten International Co Ltd 17 0.03

9 Audix Corp 10 0.02

11 Aurora Corp 17 0.03

2 AV Tech Corp 1 –

49 Bank of Kaohsiung Co Ltd 14 0.02

8 Basso Industry Corp 19 0.03

40 BES Engineering Corp 8 0.01

2 Bioteque Corp 6 0.01

4 Bizlink Holding Inc 17 0.03

5 Boardtek Electronics Corp 5 0.01

3 Bright Led Electronics Corp 1 –

130 Capital Securities Corp 36 0.06

15 Career Technology MFG. Co Ltd 8 0.01

30 Cathay Real Estate Development Co Ltd 18 0.03

13 ChainQui Construction Development Co Ltd 7 0.01

14 Charoen Pokphand Enterprise 20 0.03

5 Chaun-Choung Technology Corp 18 0.03

4 CHC Resources Corp 6 0.01

48 Cheng Loong Corp 18 0.03

30 Cheng Uei Precision Industry Co Ltd 34 0.05

37 Chia Hsin Cement Corp 10 0.02

5 Chien Kuo Construction Co Ltd 1 –

6 Chilisin Electronics Corp 13 0.02

18 Chin-Poon Industrial Co Ltd 35 0.05

59 China Bills Finance Corp 24 0.04

2 China Ecotek Corp 3 –

31 China Electric Manufacturing Corp 7 0.01

46 China Man-Made Fiber Corp 12 0.02

19 China Metal Products 20 0.03


91 China Petrochemical Development Corp 27 0.04

11 China Steel Chemical Corp 38 0.06

38 China Synthetic Rubber Corp 33 0.05


13 ChipMOS Technologies Inc 10 0.02

7 Chong Hong Construction Co Ltd 13 0.02

9 Chroma ATE Inc 23 0.03




Shares (000's)

Value (000's)

USD




73 Chung Hung Steel Corp 24 0.04

18 Chung-Hsin Electric & Machinery Manufacturing Corp 10 0.02

453 Chunghwa Picture Tubes Ltd 19 0.03

1 Cleanaway Co Ltd 5 0.01

16 Clevo Co 14 0.02

75 CMC Magnetics Corp 8 0.01

71 Compeq Manufacturing Co Ltd 34 0.05

28 Concord Securities Co Ltd 6 0.01

3 Continental Holdings Corp 1 –

30 Coretronic Corp 32 0.05

2 Cub Elecparts Inc 14 0.02

5 Cyberlink Corp 11 0.02

20 CyberTAN Technology Inc 12 0.02

30 D-Link Corp 10 0.01

5 Depo Auto Parts Ind Co Ltd 13 0.02

2 Dynacolor Inc 3 –

12 Dynamic Electronics Co Ltd 3 –

6 Dynapack International Technology Corp 7 0.01

57 E Ink Holdings Inc 41 0.06

6 E-LIFE MALL Corp 11 0.02

18 E-Ton Solar Tech Co Ltd 5 0.01

21 Eastern Media International Corp 5 0.01

12 Elan Microelectronics Corp 13 0.02

3 Elite Advanced Laser Corp 10 0.02

7 Elite Material Co Ltd 19 0.03

9 Elite Semiconductor Memory Technology Inc 8 0.01

18 Elitegroup Computer Systems Co Ltd 7 0.01

2 eMemory Technology Inc 20 0.03

3 Ennoconn Corp 44 0.07

35 EnTie Commercial Bank Co Ltd 14 0.02



23 Etron Technology Inc 8 0.01

33 Evergreen International Storage & Transport Corp 14 0.02

24 Everlight Chemical Industrial Corp 15 0.02

37 Everlight Electronics Co Ltd 54 0.08

29 Far Eastern Department Stores Ltd 15 0.02

62 Far Eastern International Bank 18 0.03

8 Faraday Technology Corp 7 0.01

31 Federal Corp 12 0.02

19 Feng Hsin Steel Co Ltd 27 0.04

16 First Insurance Co Ltd 7 0.01

20 First Steamship Co Ltd 5 0.01

13 FLEXium Interconnect Inc 35 0.05

5 Flytech Technology Co Ltd 14 0.02

10 FocalTech Systems Co Ltd 11 0.02

7 Formosa Advanced Technologies Co Ltd 5 0.01

2 Formosa International Hotels Corp 12 0.02

18 Formosan Rubber Group Inc 9 0.01

9 Formosan Union Chemical 5 0.01

16 Gemtek Technology Corp 11 0.02

8 General Interface Solution Holding Ltd 23 0.04

40 Gigabyte Technology Co Ltd 53 0.08

2 Gigasolar Materials Corp 23 0.04

8 Gigastorage Corp 6 0.01

1 Ginko International Co Ltd 9 0.01

30 Gintech Energy Corp 16 0.02

15 Global Brands Manufacture Ltd 6 0.01

4 Global Mixed Mode Technology Inc 9 0.01

7 Global Unichip Corp 17 0.03

6 Globalwafers Co Ltd 18 0.03

18 Gloria Material Technology Corp 10 0.02

58 Goldsun Building Materials Co Ltd 12 0.02

Shares (000's)

Value (000's)

USD




32 Grand Pacific Petrochemical 21 0.03

6 Grape King Bio Ltd 45 0.07

12 Great China Metal Industry 9 0.01

29 Great Taipei Gas Co Ltd 22 0.03

17 Great Wall Enterprise Co Ltd 16 0.02

8 Greatek Electronics Inc 10 0.02

81 HannStar Display Corp 23 0.04

6 Harvatek Corp 2 –

15 Hey Song Corp 15 0.02

5 Hiroca Holdings Ltd 15 0.02

2 Holiday Entertainment Co Ltd 3 –

9 Holtek Semiconductor Inc 14 0.02

11 Holy Stone Enterprise Co Ltd 11 0.02

18 Horizon Securities Co Ltd 3 –

6 Hota Industrial Manufacturing Co Ltd 22 0.03

15 Hsin Kuang Steel Co Ltd 11 0.02

4 Hu Lane Associate Inc 16 0.02

12 HUA ENG Wire & Cable Co Ltd 3 –

9 Huaku Development Co Ltd 17 0.03

14 Hung Poo Real Estate Development Corp 12 0.02

19 Hung Sheng Construction Ltd 10 0.02

1 Huxen Corp 1 –

15 I-Chiun Precision Industry Co Ltd 4 0.01

8 I-Sheng Electric Wire & Cable Co Ltd 11 0.02

6 Ibase Technology Inc 12 0.02

13 Ichia Technologies Inc 6 0.01

8 IEI Integration Corp 12 0.02

7 ITE Technology Inc 7 0.01

17 ITEQ Corp 17 0.03

7 Jess-Link Products Co Ltd 6 0.01

6 Johnson Health Tech Co Ltd 9 0.01

5 Kaori Heat Treatment Co Ltd 9 0.01

6 Kerry TJ Logistics Co Ltd 8 0.01

14 Kindom Construction Corp 9 0.01



6 Kinik Co 10 0.02

98 Kinpo Electronics 35 0.05


4 Kung Long Batteries Industrial Co Ltd 18 0.03

9 Kuo Toong International Co Ltd 5 0.01

30 Kuoyang Construction Co Ltd 12 0.02

9 KYE Systems Corp 2 –

4 Land Mark Optoelectronics Corp 34 0.05

19 LCY Chemical Corp 22 0.03

39 Lealea Enterprise Co Ltd 10 0.02

23 Lextar Electronics Corp 9 0.01

3 Li Cheng Enterprise Co Ltd 11 0.02

6 Li Peng Enterprise Co Ltd 1 –

35 Lien Hwa Industrial Corp 24 0.04

9 Lite-On Semiconductor Corp 6 0.01

21 Long Bon International Co Ltd 12 0.02

45 Long Chen Paper Co Ltd 23 0.04

2 Lotes Co Ltd 6 0.01

11 Lung Yen Life Service Corp 19 0.03

2 Macauto Industrial Co Ltd 11 0.02

149 Macronix International 19 0.03

6 Makalot Industrial Co Ltd 24 0.04

37 Masterlink Securities Corp 10 0.02

6 Mayer Steel Pipe Corp 3 –

11 Mercuries & Associates Holding Ltd 8 0.01

19 Mercuries Life Insurance Co Ltd 10 0.02

12 Merry Electronics Co Ltd 45 0.07




Shares (000's)

Value (000's)

USD




18 Microbio Co Ltd 12 0.02

6 MIN AIK Technology Co Ltd 6 0.01

14 Mirle Automation Corp 17 0.03

20 Mitac Holdings Corp 21 0.03

22 Motech Industries Inc 19 0.03

6 Namchow Chemical Industrial Co Ltd 12 0.02

18 Nan Kang Rubber Tire Co Ltd 16 0.02


34 Neo Solar Power Corp 16 0.02

3 Newmax Technology Co Ltd 2 –

18 Nien Hsing Textile Co Ltd 14 0.02

3 On-Bright Electronics Inc 19 0.03

48 OptoTech Corp 21 0.03

39 Orient Semiconductor Electronics Ltd 14 0.02

25 Oriental Union Chemical Corp 18 0.03

19 Pan Jit International Inc 9 0.01

3 Parade Technologies Ltd 32 0.05

3 PChome Online Inc 23 0.04

2 Pixart Imaging Inc 4 0.01

4 Posiflex Technology Inc 25 0.04

49 President Securities Corp 17 0.03

11 Primax Electronics Ltd 16 0.02

50 Prince Housing & Development Corp 17 0.03

5 Promate Electronic Co Ltd 5 0.01

147 Qisda Corp 71 0.11

21 Radiant Opto-Electronics Corp 38 0.06

45 Radium Life Tech Co Ltd 14 0.02

20 Rechi Precision Co Ltd 20 0.03

31 Rich Development Co Ltd 8 0.01

77 Ritek Corp 12 0.02

11 Run Long Construction Co Ltd 11 0.02

35 Sampo Corp 20 0.03

15 San Fang Chemical Industry Co Ltd 17 0.03

3 San Shing Fastech Corp 5 0.01

7 Sanyang Motor Co Ltd 5 0.01

23 Sercomm Corp 59 0.09

13 Shihlin Electric & Engineering Corp 16 0.02

5 Shin Zu Shing Co Ltd 13 0.02

30 Shining Building Business Co Ltd 11 0.02

10 Shinkong Insurance Co Ltd 8 0.01

67 Shinkong Synthetic Fibers Corp 19 0.03

23 Sigurd Microelectronics Corp 17 0.03


9 Sinbon Electronics Co Ltd 20 0.03

9 Sincere Navigation Corp 6 0.01

2 Sinmag Equipment Corp 10 0.02

34 Sino-American Silicon Products Inc 31 0.05

3 Sinon Corp 1 –

7 Sirtec International Co Ltd 9 0.01

7 Sitronix Technology Corp 25 0.04

3 Soft-World International Corp 6 0.01

22 Solar Applied Materials Technology Co 5 0.01

18 Solartech Energy Corp 8 0.01

8 Sonix Technology Co Ltd 8 0.01

3 Sporton International Inc 17 0.03

2 St Shine Optical Co Ltd 38 0.06

5 Sunny Friend Environmental Technology Co Ltd 18 0.03

1 Sunonwealth Electric Machine Industry Co Ltd 1 –

4 Sunspring Metal Corp 5 0.01

20 Sunty Development Co Ltd 7 0.01

17 Supreme Electronics Co Ltd 14 0.02

3 Swancor Holding Co Ltd 7 0.01

3 Sweeten Real Estate Development Co Ltd 1 –

Shares (000's)

Value (000's)

USD




5 Syncmold Enterprise Corp 9 0.01

33 TA Chen Stainless Pipe 19 0.03

9 Tah Hsin Industrial Corp 7 0.01

67 Taichung Commercial Bank Co Ltd 19 0.03

8 Taiflex Scientific Co Ltd 8 0.01

42 Tainan Spinning Co Ltd 16 0.02

4 Taiwan Acceptance Corp 10 0.01

22 Taiwan Cogeneration Corp 15 0.02

11 Taiwan Fire & Marine Insurance Co Ltd 7 0.01

12 Taiwan FU Hsing Industrial Co Ltd 15 0.02


65 Taiwan Kolin Co Ltd – –

23 Taiwan Land Development Corp 7 0.01

8 Taiwan Paiho Ltd 25 0.04

16 Taiwan PCB Techvest Co Ltd 16 0.02

10 Taiwan Semiconductor Co Ltd 10 0.02

19 Taiwan Shin Kong Security Co Ltd 23 0.04

28 Taiwan Styrene Monomer 18 0.03

11 Taiwan Surface Mounting Technology Corp 9 0.01

35 Taiwan TEA Corp 16 0.02

12 Taiwan Union Technology Corp 12 0.02

71 Tatung Co Ltd 22 0.03

5 TCI Co Ltd 27 0.04

9 Test Research Inc 11 0.02

50 Ton Yi Industrial Corp 21 0.03

8 Tong Hsing Electronic Industries Ltd 23 0.04

8 Tong Yang Industry Co Ltd 17 0.03

9 Topco Scientific Co Ltd 22 0.03

6 Topoint Technology Co Ltd 4 0.01

4 Toung Loong Textile Manufacturing 10 0.02

13 TPK Holding Co Ltd 22 0.03

18 Transasia Airways Corp 2 –


1 TrueLight Corp 2 –

27 TSRC Corp 27 0.04

10 TTY Biopharm Co Ltd 31 0.05

26 Tung Ho Steel Enterprise Corp 18 0.03

8 TXC Corp 10 0.02

14 Tyntek Corp 5 0.01


122 Unimicron Technology Corp 46 0.07

1 Union Bank Of Taiwan – –

4 Union Insurance Co Ltd 2 –

17 Unitech Printed Circuit Board Corp 5 0.01

14 United Integrated Services Co Ltd 21 0.03

18 Unity Opto Technology Co Ltd 7 0.01

18 Universal Cement Corp 14 0.02

17 Unizyx Holding Corp 8 0.01

44 UPC Technology Corp 17 0.03

29 USI Corp 14 0.02

18 Visual Photonics Epitaxy Co Ltd 26 0.04

5 Vivotek Inc 12 0.02

21 Wafer Works Corp 6 0.01

26 Walsin Lihwa Corp 11 0.02


14 Walton Advanced Engineering Inc 5 0.01

104 Waterland Financial Holdings Co Ltd 27 0.04

19 Weikeng Industrial Co Ltd 10 0.02



8 Wisdom Marine Lines Co Ltd 7 0.01

12 Wistron NeWeb Corp 36 0.06

3 Wowprime Corp 13 0.02




Shares (000's)

Value (000's)

USD




21 WT Microelectronics Co Ltd 29 0.04

5 Xxentria Technology Materials Corp 13 0.02

60 Yang Ming Marine Transport Corp 11 0.02

19 YC Co Ltd 7 0.01

11 YC INOX Co Ltd 9 0.01

3 Yeong Guan Energy Technology Group Co Ltd 10 0.02

60 YFY Inc 18 0.03

62 Yieh Phui Enterprise Co Ltd 24 0.04

5 Youngtek Electronics Corp 7 0.01

7 YungShin Global Holding Corp 11 0.02

11 Yungtay Engineering Co Ltd 15 0.02

3 Zeng Hsing Industrial Co Ltd 14 0.02

3 Zenitron Corp 2 –

11 Zinwell Corp 10 0.02

4,801 7.40


Rights

Australia

– Sphere Minerals Ltd – –

– –

Korea, Republic of

– Cosmax Inc 1 –

– Ecopro Co Ltd – –

1 Heung-A Shipping Co Ltd – –

1 –

Taiwan

– Posiflex Technology Inc – –


– –


Warrants

Hong Kong

22 Symphony Holdings Ltd – –

– –



Cash and Cash Equivalents – (0.75)% (30 November 2015: 0.43%) (489) (0.75) Other Assets in Excess of Liabilities – 0.86% (30 November 2015: (0.59)%) 558 0.86




Transferable securities admitted to an official exchange listing or traded on a regulated market 98.12

Current Assets 1.88

Total Assets 100.00




Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's)

GBP


Government Bonds


19,892 United Kingdom Gilt Inflation Linked, Series 8MO 2.500 16/04/2020 73,646 14.51









Total Investments – 99.15% – (30 November 2015: 99.56%) 503,322 99.15

Cash and Cash Equivalents – 0.63% (30 November 2015: 0.50%) 3,203 0.63 Other Assets in Excess of Other Liabilities – 0.22% (30 November 2015: (0.06)%) 1,092 0.22




Current Assets 1.58

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Basic Materials - 2.95%

– A Schulman Inc 1 0.01

– Aceto Corp 1 0.01

– Air Products & Chemicals Inc 6 0.10

– AK Steel Holding Corp 1 0.01

– Albemarle Corp 6 0.10

– Alcoa Corp 1 0.01

– Ashland Global Holdings Inc 3 0.05

– Axalta Coating Systems Ltd 2 0.04

– Balchem Corp 3 0.05

– Cabot Corp 3 0.05

– Calgon Carbon Corp 1 0.01

– Carpenter Technology Corp 2 0.04

– Celanese Corp 8 0.11

– Century Aluminum Co 1 0.01

– CF Industries Holdings Inc 5 0.08

– Chemours Co 1 0.01

– Chemtura Corp 1 0.01

– Clearwater Paper Corp 1 0.01

– Coeur Mining Inc 1 0.01

– Commercial Metals Co 3 0.05

– Compass Minerals International Inc 3 0.05

– Domtar Corp 3 0.05

– Dow Chemical Co 2 0.03

– Eastman Chemical Co 9 0.12

– EI du Pont de Nemours & Co 2 0.03

– Ferro Corp 2 0.03

– Ferroglobe PLC 2 0.03

– FMC Corp 3 0.05

– Freeport-McMoRan Inc 8 0.11

– GCP Applied Technologies Inc 2 0.04

– HB Fuller Co 3 0.05

– Hecla Mining Co 2 0.04

– Huntsman Corp 6 0.10

– Ingevity Corp 1 0.01

– Innophos Holdings Inc 1 0.01

– Innospec Inc 1 0.01

– International Flavors & Fragrances Inc 2 0.04

– International Paper Co 3 0.05

– Kraton Corp 1 0.01

– LyondellBasell Industries NV 7 0.10

– Materion Corp 1 0.01

– Mercer International Inc 1 0.01

– Minerals Technologies Inc 3 0.04

– Monsanto Co 2 0.04

– Mosaic Co 4 0.07

– Neenah Paper Inc 3 0.04


– Newmont Mining Corp 5 0.06

– Nucor Corp 9 0.12

– Olin Corp 4 0.06

– Orchids Paper Products Co 1 0.01

– PH Glatfelter Co 1 0.01

– PolyOne Corp 3 0.04

– PPG Industries Inc 4 0.07

– Praxair Inc 7 0.10

– Quaker Chemical Corp 1 0.01

– Reliance Steel & Aluminum Co 3 0.04

– Royal Gold Inc 4 0.07

– RPM International Inc 1 0.01

– Schnitzer Steel Industries Inc 1 0.01

– Schweitzer-Mauduit International Inc 1 0.02

– Sensient Technologies Corp 4 0.07

– Sherwin-Williams Co 3 0.04

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Basic Materials - 2.95% (continued)

– Steel Dynamics Inc 4 0.06

– Stepan Co 1 0.01

– Stillwater Mining Co 1 0.01

– United States Steel Corp 2 0.03

– Univar Inc 3 0.04

– Valspar Corp 1 0.01

– Westlake Chemical Corp 1 0.01

– WR Grace & Co 3 0.04

200 2.95

Communications - 10.26%

– ADTRAN Inc 1 0.02

– Alphabet Inc, Class A 35 0.52

– Alphabet Inc, Class C 37 0.55

– Amazon.com Inc 42 0.63

– AMC Networks Inc 2 0.03

– Arista Networks Inc 1 0.01

– ARRIS International PLC 2 0.03

3 AT&T Inc 121 1.80

– ATN International Inc 1 0.01

– Bankrate Inc 1 0.01

– Blucora Inc 1 0.01


– CBS Corp 4 0.07

– CDW Corp 2 0.04


– Charter Communications Inc 12 0.19

– Ciena Corp 3 0.05

– Cincinnati Bell Inc 1 0.01

2 Cisco Systems Inc 63 0.94

– Cogent Communications Holdings Inc 1 0.01

1 Comcast Corp 42 0.63

– CommScope Holding Co Inc 1 0.01

– Consolidated Communications Holdings Inc 2 0.03

– DigitalGlobe Inc 2 0.03

– Discovery Communications Inc, Class A 3 0.05

– Discovery Communications Inc, Class C 5 0.08

– DISH Network Corp 2 0.04

– EarthLink Holdings Corp 1 0.01

– eBay Inc 4 0.07

– EchoStar Corp 2 0.03

– Entercom Communications Corp 1 0.01

– Entravision Communications Corp 1 0.01

– EW Scripps Co 1 0.01

– Expedia Inc 3 0.05

– F5 Networks Inc 2 0.03

– Facebook Inc 26 0.38

– FactSet Research Systems Inc 2 0.03

– Finisar Corp 5 0.08


– FTD Cos Inc 1 0.01

– Gannett Co Inc 1 0.01

– General Communication Inc 1 0.01

– Global Eagle Entertainment Inc 1 0.01

– Gray Television Inc 1 0.01

– GrubHub Inc 1 0.01

– GTT Communications Inc 1 0.01

– Houghton Mifflin Harcourt Co 2 0.03

– IAC/InterActiveCorp 1 0.01

– IDT Corp 1 0.01

– Infinera Corp 1 0.01

– Inteliquent Inc 1 0.01




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Communications - 10.26% (continued)

– InterDigital Inc 2 0.03

– Interpublic Group of Cos Inc 2 0.03

– Ixia 1 0.01

– John Wiley & Sons Inc 3 0.04

– Juniper Networks Inc 6 0.10

– Level 3 Communications Inc 2 0.03

– Liberty Broadband Corp 5 0.08


– Liberty SiriusXM Group, Class A 1 0.01

– Liberty SiriusXM Group, Class C 1 0.01

– Liberty Ventures 2 0.03

– LinkedIn Corp 1 0.01

– Liquidity Services Inc 1 0.01

– LogMeIn Inc 1 0.01

– Meredith Corp 2 0.03

– Motorola Solutions Inc 3 0.05

– MSG Networks Inc 1 0.01

– Netflix Inc 2 0.04

– NETGEAR Inc 1 0.01

– NeuStar Inc 1 0.01

– New Media Investment Group Inc 1 0.01

– New York Times Co 2 0.03

– News Corp, Class A 2 0.03

– News Corp, Class B 1 0.01

– NIC Inc 1 0.01

– Oclaro Inc 1 0.01

– Omnicom Group Inc 3 0.04


– Perficient Inc 1 0.01

– Plantronics Inc 2 0.03


– Proofpoint Inc 1 0.01

– RetailMeNot Inc 1 0.01

– Scholastic Corp 2 0.03

– Scripps Networks Interactive Inc 1 0.01

– Shenandoah Telecommunications Co 1 0.01

– ShoreTel Inc 1 0.01

– Shutterfly Inc 2 0.03

– Sinclair Broadcast Group Inc 3 0.04

– Sirius XM Holdings Inc 1 0.01

– Spok Holdings Inc 1 0.01

– Sprint Corp 3 0.04

– Symantec Corp 5 0.07

– T-Mobile US Inc 8 0.13

– TEGNA Inc 6 0.10

– Telephone & Data Systems Inc 3 0.05

– Time Inc 1 0.01

– Time Warner Inc 11 0.17

– TiVo Corp 2 0.03

– TripAdvisor Inc 1 0.01

– Twenty-First Century Fox Inc, Class A 7 0.10

– Twenty-First Century Fox Inc, Class B 3 0.05

– Twitter Inc 4 0.07

– Ubiquiti Networks Inc 2 0.03

– United States Cellular Corp 1 0.01

– VASCO Data Security International Inc 1 0.01

– VeriSign Inc 2 0.03

1 Verizon Communications Inc 27 0.41

– Viacom Inc 12 0.19

– ViaSat Inc 4 0.06

– Vonage Holdings Corp 2 0.03

– Walt Disney Co 38 0.56

– Web.com Group Inc 1 0.01

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Communications - 10.26% (continued)

– WebMD Health Corp 2 0.03

– West Corp 1 0.01

– Windstream Holdings Inc 1 0.01

– XO Group Inc 1 0.01

– Yahoo! Inc 2 0.03

– Zillow Group Inc 1 0.01

695 10.26

Consumer, Cyclical - 14.81%

– Abercrombie & Fitch Co 1 0.01

– Adient PLC 1 0.01

– Advance Auto Parts Inc 4 0.07

– Alaska Air Group Inc 10 0.14

– Allegiant Travel Co 2 0.03

– Allison Transmission Holdings Inc 2 0.03

– AMC Entertainment Holdings Inc 1 0.01

– American Airlines Group Inc 4 0.07

– American Axle & Manufacturing Holdings Inc 3 0.05

– American Eagle Outfitters Inc 6 0.10

– American Woodmark Corp 2 0.04

– Anixter International Inc 3 0.05

– Asbury Automotive Group Inc 2 0.04

– Ascena Retail Group Inc 1 0.02


– AutoNation Inc 6 0.10


– AV Homes Inc 1 0.01

– Beacon Roofing Supply Inc 3 0.05

– Bed Bath & Beyond Inc 9 0.13

– Belmond Ltd 1 0.01

– Best Buy Co Inc 12 0.17

– Big Lots Inc 3 0.05


– BJ's Restaurants Inc 1 0.01

– Bloomin' Brands Inc 3 0.05

– BMC Stock Holdings Inc 1 0.01

– Bob Evans Farms Inc 1 0.01

– Bojangles' Inc 1 0.01

– BorgWarner Inc 4 0.07

– Brinker International Inc 3 0.05

– Brunswick Corp 5 0.08

– Buckle Inc 1 0.01

– Buffalo Wild Wings Inc 3 0.05

– Burlington Stores Inc 1 0.01

– Cabela's Inc 2 0.04

– CalAtlantic Group Inc 4 0.07

– Caleres Inc 2 0.04

– Callaway Golf Co 1 0.01

– CarMax Inc 9 0.13

– Carnival Corp 6 0.10

– Carrols Restaurant Group Inc 1 0.01

– Carter's Inc 4 0.07

– Casey's General Stores Inc 6 0.10

– Cato Corp 1 0.01

– Cavco Industries Inc 1 0.01

– Cheesecake Factory Inc 3 0.05

– Chico's FAS Inc 2 0.04

– Children's Place Inc 3 0.05


– Choice Hotels International Inc 3 0.05

– Chuy's Holdings Inc 1 0.02

– Cinemark Holdings Inc 6 0.10

– ClubCorp Holdings Inc 1 0.01

– Coach Inc 6 0.10




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Consumer, Cyclical - 14.81% (continued)

– Columbia Sportswear Co 4 0.07

– Cooper Tire & Rubber Co 2 0.04

– Cooper-Standard Holdings Inc 2 0.04

– Copa Holdings SA 3 0.05

– Copart Inc 2 0.04

– Core-Mark Holding Co Inc 2 0.04

– Costco Wholesale Corp 11 0.16

– Cracker Barrel Old Country Store Inc 4 0.07

– CST Brands Inc 2 0.04

– CVS Health Corp 34 0.50

– Dana Inc 4 0.07

– Darden Restaurants Inc 3 0.05

– Dave & Buster's Entertainment Inc 2 0.04

– Deckers Outdoor Corp 2 0.04

– Del Taco Restaurants Inc 1 0.02

– Delphi Automotive PLC 2 0.04

– Delta Air Lines Inc 23 0.33

– Denny's Corp 1 0.01

– Dick's Sporting Goods Inc 4 0.07

– Dillard's Inc 3 0.05

– DineEquity Inc 2 0.04

– Dolby Laboratories Inc 3 0.04

– Dollar General Corp 5 0.08

– Dollar Tree Inc 5 0.08

– Domino's Pizza Inc 3 0.05

– Dorman Products Inc 3 0.05

– Douglas Dynamics Inc 1 0.02

– DR Horton Inc 6 0.10

– DSW Inc 2 0.04

– DTS Inc 1 0.01

– Dunkin' Brands Group Inc 3 0.05

– Essendant Inc 1 0.01

– Ethan Allen Interiors Inc 1 0.01

– Express Inc 1 0.01

– Ezcorp Inc 1 0.01

– Fastenal Co 3 0.05

– Fiesta Restaurant Group Inc 1 0.02

– Finish Line Inc 1 0.01

– FirstCash Inc 1 0.01

– Five Below Inc 1 0.01

– Foot Locker Inc 7 0.11


– Fossil Group Inc 2 0.04

– Fox Factory Holding Corp 1 0.02

– Francesca's Holdings Corp 1 0.02

– Fred's Inc 1 0.02

– G&K Services Inc 1 0.01

– G-III Apparel Group Ltd 1 0.01

– GameStop Corp 1 0.01

– Gap Inc 9 0.13


– Genesco Inc 1 0.02

– Gentherm Inc 1 0.02

– Genuine Parts Co 12 0.17

– GNC Holdings Inc 1 0.01

– Goodyear Tire & Rubber Co 6 0.10

– Guess? Inc 1 0.01

– H&E Equipment Services Inc 1 0.01

– Hanesbrands Inc 3 0.05

– Harley-Davidson Inc 3 0.05

– Harman International Industries Inc 2 0.04

– Hasbro Inc 3 0.05

– Hawaiian Holdings Inc 4 0.07

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– HD Supply Holdings Inc 2 0.04

– Herman Miller Inc 3 0.05

– Hilton Worldwide Holdings Inc 3 0.05

– HNI Corp 1 0.01

– Home Depot Inc 22 0.31

– HSN Inc 1 0.01

– Hyatt Hotels Corp 1 0.01

– Iconix Brand Group Inc 1 0.01

– ILG Inc 2 0.03

– Ingram Micro Inc 2 0.03

– Installed Building Products Inc 1 0.01

– Interface Inc 1 0.01

– International Game Technology PLC 3 0.05

– Intrawest Resorts Holdings Inc 1 0.01

– iRobot Corp 1 0.01

– Jack in the Box Inc 2 0.04

– JC Penney Co Inc 4 0.07

– JetBlue Airways Corp 5 0.08

– Kate Spade & Co 3 0.05

– Kimball International Inc 1 0.02

– Knoll Inc 2 0.04

– Kohl's Corp 7 0.10

– L Brands Inc 2 0.04

– La Quinta Holdings Inc 1 0.01

– La-Z-Boy Inc 1 0.01

– Las Vegas Sands Corp 3 0.05


– Leggett & Platt Inc 2 0.04

– Lennar Corp 5 0.08

– LGI Homes Inc 1 0.02

– Liberty Interactive Corp QVC Group 5 0.08

– Liberty TripAdvisor Holdings Inc 1 0.01

– Lions Gate Entertainment Corp 2 0.04

– Lithia Motors Inc 3 0.05

– LKQ Corp 6 0.10

– Lowe's Cos Inc 8 0.13

– lululemon athletica Inc 2 0.03

– Lumber Liquidators Holdings Inc 1 0.01

– Macy's Inc 13 0.18

– Madison Square Garden Co 3 0.04

– Marriott International Inc 3 0.04

– Marriott Vacations Worldwide Corp 2 0.03

– Mattel Inc 2 0.03

– McDonald's Corp 15 0.21

– MDC Holdings Inc 1 0.01

– Meritage Homes Corp 1 0.01

– Meritor Inc 1 0.01

– MGM Resorts International 3 0.04

– Michael Kors Holdings Ltd 2 0.03

– Michaels Cos Inc 1 0.01

– Mobile Mini Inc 1 0.01

– Modine Manufacturing Co 1 0.01

– Mohawk Industries Inc 8 0.12

– MSC Industrial Direct Co Inc 3 0.04

– National CineMedia Inc 1 0.01

– Nautilus Inc 1 0.01

– Newell Brands Inc 4 0.06

– NIKE Inc 11 0.15

– Nordstrom Inc 3 0.04

– Norwegian Cruise Line Holdings Ltd 5 0.06

– Nu Skin Enterprises Inc 3 0.04

– O'Reilly Automotive Inc 4 0.06





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– Ollie's Bargain Outlet Holdings Inc 2 0.03

– Oxford Industries Inc 1 0.01

– PACCAR Inc 10 0.14

– Panera Bread Co 3 0.04

– Papa John's International Inc 1 0.01

– Party City Holdco Inc 2 0.03

– PC Connection Inc 1 0.01

– Penske Automotive Group Inc 5 0.07

– PetMed Express Inc 1 0.01

– Polaris Industries Inc 2 0.03

– Pool Corp 3 0.04

– Popeyes Louisiana Kitchen Inc 1 0.01

– PriceSmart Inc 1 0.01

– PulteGroup Inc 4 0.06

– PVH Corp 5 0.07

– Ralph Lauren Corp 3 0.04

– Red Robin Gourmet Burgers Inc 1 0.01

– Regal Entertainment Group 1 0.01

– Restoration Hardware Holdings Inc 1 0.01

– Rite Aid Corp 1 0.01

– Ross Stores Inc 4 0.06

– Royal Caribbean Cruises Ltd 4 0.06

– Ruth's Hospitality Group Inc 1 0.01

– Sally Beauty Holdings Inc 2 0.03

– ScanSource Inc 1 0.01

– Scotts Miracle-Gro Co 1 0.01

– SeaWorld Entertainment Inc 1 0.01

– Select Comfort Corp 1 0.01

– Signet Jewelers Ltd 4 0.06

– Six Flags Entertainment Corp 1 0.01

– Skechers U.S.A. Inc 4 0.06

– SkyWest Inc 2 0.03

– Sonic Corp 1 0.01

– Southwest Airlines Co 8 0.12

– Spirit Airlines Inc 5 0.06

– Standard Motor Products Inc 1 0.01

– Staples Inc 2 0.03

– Starbucks Corp 12 0.17

– Steelcase Inc 1 0.01

– Steven Madden Ltd 2 0.03

– Target Corp 14 0.20

– Taylor Morrison Home Corp 1 0.01

– Tempur Sealy International Inc 2 0.03

– Tenneco Inc 3 0.04


– Texas Roadhouse Inc 2 0.03

– Thor Industries Inc 5 0.06

– Tiffany & Co 6 0.08

– Tile Shop Holdings Inc 1 0.01

– TJX Cos Inc 7 0.10

– Toll Brothers Inc 4 0.06

– Toro Co 2 0.03

– Tower International Inc 1 0.01

– Tractor Supply Co 3 0.04

– TRI Pointe Group Inc 2 0.03

– Triton International Ltd 2 0.03

– Tupperware Brands Corp 2 0.03

– Ulta Salon Cosmetics & Fragrance Inc 5 0.07

– Under Armour Inc, Class A 1 0.01

– Under Armour Inc, Class C 1 0.01

– UniFirst Corp 3 0.04

– United Continental Holdings Inc 14 0.20

– Universal Electronics Inc 1 0.01

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– Urban Outfitters Inc 5 0.06

– Vail Resorts Inc 1 0.01

– Vera Bradley Inc 1 0.01

– Veritiv Corp 1 0.01

– VF Corp 3 0.04

– Vista Outdoor Inc 3 0.04

– Visteon Corp 3 0.04

– Vitamin Shoppe Inc 1 0.01

– Wabash National Corp 1 0.01

– WABCO Holdings Inc 1 0.01


– Walgreens Boots Alliance Inc 32 0.46

– Watsco Inc 1 0.01

– WCI Communities Inc 1 0.01

– Wendy's Co 3 0.04

– Wesco Aircraft Holdings Inc 1 0.01

– WESCO International Inc 3 0.04


– William Lyon Homes 1 0.01

– Williams-Sonoma Inc 7 0.10

– Winmark Corp 1 0.01

– Winnebago Industries Inc 1 0.01

– Wolverine World Wide Inc 2 0.03

– World Fuel Services Corp 3 0.04

– WW Grainger Inc 4 0.06

– Wyndham Worldwide Corp 2 0.03

– Wynn Resorts Ltd 3 0.04

– Yum China Holdings Inc 1 0.01

– Yum! Brands Inc 2 0.03

– Zumiez Inc 1 0.01

1,003 14.81

Consumer, Non-Cyclical - 19.34%

– Aaron's Inc 2 0.03

– Abaxis Inc 1 0.01

– Abbott Laboratories 18 0.27

– AbbVie Inc 14 0.21

– ABIOMED Inc 1 0.01

– ABM Industries Inc 2 0.04

– Acadia Healthcare Co Inc 3 0.05

– ACADIA Pharmaceuticals Inc 1 0.01

– ACCO Brands Corp 1 0.01

– Achillion Pharmaceuticals Inc 1 0.01

– Acorda Therapeutics Inc 1 0.01

– Aetna Inc 20 0.31

– Air Methods Corp 1 0.01

– Akorn Inc 4 0.07

– Alere Inc 1 0.01

– Alexion Pharmaceuticals Inc 1 0.01

– Align Technology Inc 1 0.01

– Alkermes PLC 1 0.01

– Allergan plc 17 0.26

– Altria Group Inc 18 0.27

– Amedisys Inc 1 0.01

– AMERCO 1 0.01

– AmerisourceBergen Corp 2 0.03

– Amgen Inc 22 0.33

– AMN Healthcare Services Inc 2 0.04

– Amphastar Pharmaceuticals Inc 1 0.01

– Amsurg Corp 2 0.03

– Analogic Corp 1 0.01

– Andersons Inc 1 0.01

– AngioDynamics Inc 1 0.01

– Anika Therapeutics Inc 1 0.01




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Consumer, Non-Cyclical - 19.34% (continued)

– Anthem Inc 13 0.19

– Apollo Education Group Inc 1 0.01

– Aramark 6 0.10

– Archer-Daniels-Midland Co 5 0.08


– Automatic Data Processing Inc 6 0.10

– Avery Dennison Corp 2 0.03


– Avon Products Inc 1 0.01

– B&G Foods Inc 2 0.03

– Baxter International Inc 4 0.07

– Becton Dickinson and Co 4 0.07

– Bio-Rad Laboratories Inc 1 0.01

– Bio-Techne Corp 2 0.03

– Biogen Inc 11 0.16

– BioMarin Pharmaceutical Inc 1 0.01

– Blue Buffalo Pet Products Inc 3 0.05

– Booz Allen Hamilton Holding Corp 1 0.01

– Boston Beer Co Inc 2 0.03

– Boston Scientific Corp 3 0.05

– Bright Horizons Family Solutions Inc 2 0.03

– Brink's Co 3 0.05

– Bristol-Myers Squibb Co 8 0.13

– Brookdale Senior Living Inc 2 0.03

– Brown-Forman Corp, Class B 1 0.01

– Bruker Corp 2 0.03

– Bunge Ltd 8 0.13

– Cal-Maine Foods Inc 1 0.01

– Calavo Growers Inc 1 0.01

– Cambrex Corp 2 0.03

– Campbell Soup Co 2 0.03

– Cantel Medical Corp 2 0.03

– Capella Education Co 1 0.01

– Cardinal Health Inc 6 0.10

– Cardtronics PLC 3 0.05

– Catalent Inc 3 0.05

– CBIZ Inc 1 0.01

– CEB Inc 1 0.01

– Celgene Corp 11 0.17

– Centene Corp 6 0.10

– Central Garden & Pet Co 1 0.01

– Charles River Laboratories International Inc 4 0.07

– Chefs' Warehouse Inc 1 0.01

– Chemed Corp 3 0.05

– Church & Dwight Co Inc 3 0.05

– Cimpress NV 1 0.01

– Cintas Corp 3 0.05

– Civitas Solutions Inc 1 0.01

– Clorox Co 5 0.08

– Coca-Cola Bottling Co Consolidated 1 0.01

1 Coca-Cola Co 26 0.39

– Colgate-Palmolive Co 6 0.10

– Conagra Brands Inc 11 0.17

– CONMED Corp 1 0.01

– Constellation Brands Inc 5 0.08

– Contra Dyax Corp – –

– Cooper Cos Inc 4 0.07

– CoreLogic Inc 3 0.05

– CorVel Corp 1 0.01

– CoStar Group Inc 1 0.01

– Coty Inc 6 0.10

– CR Bard Inc 5 0.08

– Cynosure Inc 1 0.01

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– Danaher Corp 16 0.23

– Darling Ingredients Inc 2 0.03

– DaVita Inc 11 0.16

– Dean Foods Co 1 0.01

– Deluxe Corp 4 0.07

– DENTSPLY SIRONA Inc 5 0.08

– DeVry Education Group Inc 1 0.01

– DexCom Inc 1 0.01

– Dr Pepper Snapple Group Inc 5 0.08

– Ecolab Inc 4 0.07

– Edgewell Personal Care Co 4 0.07

– Edwards Lifesciences Corp 2 0.03

– Eli Lilly & Co 8 0.13

– Emergent BioSolutions Inc 1 0.01

– Endo International PLC 3 0.05

– Ensign Group Inc 1 0.01

– Envision Healthcare Holdings Inc 1 0.01

– Equifax Inc 3 0.05

– Estee Lauder Cos Inc 2 0.03

– Euronet Worldwide Inc 4 0.07

– Exelixis Inc 2 0.03

– Express Scripts Holding Co 25 0.36

– Five Prime Therapeutics Inc 4 0.07

– FleetCor Technologies Inc 3 0.04

– Flowers Foods Inc 4 0.07

– Fresh Del Monte Produce Inc 3 0.04

– FTI Consulting Inc 2 0.03

– Gartner Inc 2 0.03

– General Mills Inc 5 0.08

– Gilead Sciences Inc 18 0.26

– Global Payments Inc 5 0.08

– Globus Medical Inc 2 0.03


– Grand Canyon Education Inc 3 0.04

– Green Dot Corp 1 0.01

– H&R Block Inc 1 0.01

– Hackett Group Inc 1 0.01

– Hain Celestial Group Inc 1 0.01

– Halyard Health Inc 2 0.03

– HCA Holdings Inc 2 0.03

– Healthcare Services Group Inc 1 0.01

– HealthEquity Inc 1 0.01

– HealthSouth Corp 3 0.04

– Healthways Inc 1 0.01

– Helen of Troy Ltd 1 0.01

– Henry Schein Inc 7 0.11

– Herbalife Ltd 3 0.04

– Herc Holdings Inc 1 0.01

– Hershey Co 2 0.03

– Hertz Global Holdings Inc 2 0.03

– Hill-Rom Holdings Inc 4 0.07

– HMS Holdings Corp 2 0.03

– Hologic Inc 3 0.04

– Horizon Pharma Plc 3 0.04

– Hormel Foods Corp 2 0.03

– Huron Consulting Group Inc 1 0.01

– ICF International Inc 1 0.01

– ICU Medical Inc 3 0.04

– IDEXX Laboratories Inc 2 0.03

– Illumina Inc 1 0.01

– Impax Laboratories Inc 1 0.01

– INC Research Holdings Inc 1 0.01

– Incyte Corp 2 0.03




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– Ingredion Inc 6 0.10

– Insperity Inc 1 0.01

– Integer Holdings Corp 1 0.01

– Integra LifeSciences Holdings Corp 2 0.03

– Inter Parfums Inc 1 0.01

– Intra-Cellular Therapies Inc 1 0.01

– Intrexon Corp 1 0.01


– J&J Snack Foods Corp 2 0.03

– Jazz Pharmaceuticals PLC 5 0.08

– JM Smucker Co 6 0.10

– John B Sanfilippo & Son Inc 1 0.01

1 Johnson & Johnson 62 0.91

– Juno Therapeutics Inc 2 0.03

– K12 Inc 1 0.01

– KAR Auction Services Inc 4 0.07

– Kellogg Co 3 0.04

– Kelly Services Inc 1 0.01

– Kforce Inc 1 0.01

– Kimberly-Clark Corp 5 0.08

– Korn/Ferry International 1 0.01

– Kraft Heinz Co 11 0.17

– Kroger Co 5 0.08


– Lancaster Colony Corp 3 0.04

– LHC Group Inc 1 0.01

– LifePoint Health Inc 1 0.01

– LivaNova PLC 1 0.01

– Live Nation Entertainment Inc 1 0.01

– LSC Communications Inc 1 0.01

– Luminex Corp 1 0.01

– Macquarie Infrastructure Corp 1 0.01

– Mallinckrodt PLC 3 0.04

– ManpowerGroup Inc 3 0.04

– MarketAxess Holdings Inc 1 0.01

– Masimo Corp 1 0.01

– Matthews International Corp 1 0.01

– McCormick & Co Inc 3 0.04

– McGrath RentCorp 1 0.01

– McKesson Corp 8 0.13

– Mead Johnson Nutrition Co 3 0.04

– Medifast Inc 1 0.01

– MEDNAX Inc 4 0.07

– Medtronic PLC 21 0.31

1 Merck & Co Inc 35 0.51

– Meridian Bioscience Inc 1 0.01

– Merit Medical Systems Inc 1 0.01

– MGP Ingredients Inc 1 0.01

– Molina Healthcare Inc 4 0.07

– Molson Coors Brewing Co 5 0.08

– Mondelez International Inc 14 0.20

– Monro Muffler Brake Inc 1 0.01

– Monster Beverage Corp 1 0.01

– Moody's Corp 2 0.03


– Mylan NV 7 0.11

– Myriad Genetics Inc 1 0.01

– National Beverage Corp 1 0.01

– Natus Medical Inc 1 0.01

– Neurocrine Biosciences Inc 1 0.01

– Nielsen Holdings PLC 9 0.14

– Nutrisystem Inc 1 0.01

– NuVasive Inc 2 0.03

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– Omega Protein Corp 1 0.01

– On Assignment Inc 2 0.03

– OPKO Health Inc 1 0.01

– Owens & Minor Inc 2 0.03

– PAREXEL International Corp 2 0.03

– Patterson Cos Inc 5 0.08

– PayPal Holdings Inc 6 0.10

– PepsiCo Inc 20 0.29

– Perrigo Co PLC 5 0.08

2 Pfizer Inc 79 1.16

– PharMerica Corp 1 0.01

– Philip Morris International Inc 16 0.23

– Pilgrim's Pride Corp 2 0.03

– Pinnacle Foods Inc 4 0.07

– Post Holdings Inc 4 0.07

– PRA Health Sciences Inc 2 0.03

– Premier Inc 1 0.01

– Prestige Brands Holdings Inc 2 0.03

1 Procter & Gamble Co 45 0.66

– Providence Service Corp 1 0.01

– Quanta Services Inc 4 0.07

– Quest Diagnostics Inc 7 0.11

– Quintiles IMS Holdings Inc 2 0.03

– RadNet Inc 1 0.01


– Rent-A-Center Inc 1 0.01

– ResMed Inc 1 0.01

– Resources Connection Inc 1 0.01

– Revlon Inc 1 0.01

– Reynolds American Inc 2 0.03

– Robert Half International Inc 2 0.03

– Rollins Inc 1 0.01

– RPX Corp 1 0.01

– RR Donnelley & Sons Co 2 0.03

– S&P Global Inc 4 0.07

– Sabre Corp 2 0.03

– Sanderson Farms Inc 2 0.03


– Select Medical Holdings Corp 2 0.03

– Seneca Foods Corp 1 0.01

– Service Corp International 2 0.03

– ServiceMaster Global Holdings Inc 1 0.01

– Smart & Final Stores Inc 1 0.01

– Snyder's-Lance Inc 3 0.04

– SP Plus Corp 1 0.01

– SpartanNash Co 2 0.03

– Spectrum Brands Holdings Inc 1 0.01

– Sprouts Farmers Market Inc 4 0.07

– St Jude Medical Inc 3 0.04

– Steris PLC 2 0.03

– Strayer Education Inc 1 0.01

– Stryker Corp 5 0.08

– Sucampo Pharmaceuticals Inc 1 0.01

– Supervalu Inc 1 0.01

– Surgical Care Affiliates Inc 3 0.04

– Sysco Corp 4 0.07


– Team Health Holdings Inc 1 0.01

– Team Inc 1 0.01

– Tenet Healthcare Corp 3 0.04

– TESARO Inc 1 0.01

– Textainer Group Holdings Ltd 1 0.01

– Thermo Fisher Scientific Inc 18 0.26




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– Total System Services Inc 2 0.03

– Tootsie Roll Industries Inc – –

– TransUnion 3 0.04

– Travelport Worldwide Ltd 1 0.01


– TriNet Group Inc 2 0.03

– TrueBlue Inc 1 0.01

– Tyson Foods Inc 7 0.11

– United Natural Foods Inc 2 0.03

– United Rentals Inc 3 0.04

– United Therapeutics Corp 5 0.08

– UnitedHealth Group Inc 39 0.57

– Universal Corp 1 0.01

– Universal Health Services Inc 8 0.13

– US Physical Therapy Inc 1 0.01

– USANA Health Sciences Inc 1 0.01

– Vantiv Inc 3 0.04

– Varian Medical Systems Inc 2 0.03

– VCA Inc 3 0.04

– Vector Group Ltd 1 0.01

– Verisk Analytics Inc 4 0.07

– Vertex Pharmaceuticals Inc 1 0.01

– VWR Corp 4 0.07

– WD-40 Co 1 0.01

– Weis Markets Inc 2 0.03

– WellCare Health Plans Inc 4 0.07

– West Pharmaceutical Services Inc 1 0.01

– Western Union Co 3 0.04

– WEX Inc 4 0.07

– WhiteWave Foods Co 1 0.01

– Whole Foods Market Inc 7 0.11

– Wright Medical Group NV 1 0.01

– Xencor Inc 1 0.01

– Zimmer Biomet Holdings Inc 6 0.10

– Zoetis Inc 3 0.04

1,310 19.34

Diversified - 0.07%

– HRG Group Inc 2 0.03

– Leucadia National Corp 3 0.04

5 0.07

Energy - 7.12%

– Alon USA Energy Inc 1 0.01

– Anadarko Petroleum Corp 4 0.07

– Antero Resources Corp 2 0.03

– Apache Corp 3 0.05

– Baker Hughes Inc 2 0.03

– Bristow Group Inc 1 0.01

– Cabot Oil & Gas Corp 3 0.05

– Callon Petroleum Co 1 0.01

– Cheniere Energy Inc 2 0.03

– Chesapeake Energy Corp 1 0.01

– Chevron Corp 46 0.67

– Cimarex Energy Co 1 0.01

– Concho Resources Inc 2 0.03

– ConocoPhillips 15 0.22

– CONSOL Energy Inc 7 0.11

– Continental Resources Inc 3 0.05

– Core Laboratories NV 3 0.05

– Delek US Holdings Inc 1 0.01

– Denbury Resources Inc 2 0.03

– Devon Energy Corp 1 0.01

– Diamond Offshore Drilling Inc 1 0.01

– Diamondback Energy Inc 1 0.01

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Energy - 7.12% (continued)

– Dril-Quip Inc 2 0.03

– Eclipse Resources Corp 1 0.01

– Energen Corp 1 0.01

– EnLink Midstream LLC 2 0.03

– Ensco PLC 3 0.05

– EOG Resources Inc 9 0.14

– EQT Corp 3 0.05

– Exterran Corp 1 0.01

1 Exxon Mobil Corp 110 1.62

– First Solar Inc 3 0.05

– FMC Technologies Inc 3 0.05

– Forum Energy Technologies Inc 3 0.04

– FutureFuel Corp 1 0.01

– Green Plains Inc 1 0.01

– Gulfport Energy Corp 3 0.04

– Hallador Energy Co 1 0.01

– Halliburton Co 3 0.04

– Helix Energy Solutions Group Inc 1 0.01

– Helmerich & Payne Inc 3 0.04

– Hess Corp 7 0.11

– HollyFrontier Corp 2 0.03

– Kinder Morgan Inc 9 0.14

– Kosmos Energy Ltd 2 0.03

– Laredo Petroleum Inc 1 0.01

– Marathon Oil Corp 6 0.10

– Marathon Petroleum Corp 10 0.16

– McDermott International Inc 1 0.01

– MRC Global Inc 2 0.03

– Murphy Oil Corp 2 0.03

– Murphy USA Inc 3 0.04

– Nabors Industries Ltd 4 0.07

– National Oilwell Varco Inc 6 0.10

– Newfield Exploration Co 1 0.01

– Newpark Resources Inc 1 0.01

– Noble Corp PLC 1 0.01

– Noble Energy Inc 6 0.10

– NOW Inc 3 0.04

– Oasis Petroleum Inc 3 0.04

– Occidental Petroleum Corp 11 0.17

– Oceaneering International Inc 3 0.04

– Oil States International Inc 3 0.04

– ONEOK Inc 4 0.07

– Pacific Ethanol Inc 1 0.01

– Parsley Energy Inc 1 0.01

– Pattern Energy Group Inc 1 0.01

– Patterson-UTI Energy Inc 4 0.07

– PBF Energy Inc 2 0.03

– PDC Energy Inc 4 0.07

– Phillips 66 13 0.19

– Pioneer Natural Resources Co 8 0.11

– QEP Resources Inc 4 0.07

– Range Resources Corp 3 0.04

– REX American Resources Corp 1 0.01

– Rice Energy Inc 4 0.07

– Ring Energy Inc 1 0.01

– Rowan Cos PLC 3 0.04

– RPC Inc 1 0.01

– RSP Permian Inc 2 0.03

– Schlumberger Ltd 25 0.36

– SEACOR Holdings Inc 1 0.01

– SemGroup Corp 2 0.03

– SM Energy Co 1 0.01

– Southwestern Energy Co 1 0.01




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Energy - 7.12% (continued)

– Spectra Energy Corp 1 0.01

– SunCoke Energy Inc 1 0.01

– Superior Energy Services Inc 2 0.03

– Synergy Resources Corp 2 0.03

– Targa Resources Corp 2 0.03

– Tesco Corp 1 0.01

– Tesoro Corp 8 0.13

– TETRA Technologies Inc 1 0.01

– Transocean Ltd 5 0.08

– Unit Corp 1 0.01

– Valero Energy Corp 12 0.19


– Western Refining Inc 2 0.03

– Whiting Petroleum Corp 3 0.04

– Williams Cos Inc 1 0.01

– WPX Energy Inc 5 0.08

482 7.12

Financial - 18.87%

– Affiliated Managers Group Inc 5 0.08

– Aflac Inc 9 0.14

– Air Lease Corp 4 0.07

– Alexander & Baldwin Inc 3 0.04


– Alliance Data Systems Corp 4 0.07

– Allied World Assurance Co Holdings AG 4 0.07

– Allstate Corp 8 0.13

– Ally Financial Inc 7 0.11

– Altisource Portfolio Solutions SA 1 0.01

– American Equity Investment Life Holding Co 2 0.03

– American Express Co 15 0.22

– American Financial Group Inc 3 0.04

– American International Group Inc 15 0.22

– American National Insurance Co 1 0.01

– Ameriprise Financial Inc 7 0.11

– Ameris Bancorp 1 0.01

– Amerisafe Inc 1 0.01

– AmTrust Financial Services Inc 5 0.08

– Aon PLC 5 0.08

– Arch Capital Group Ltd 4 0.07

– Argo Group International Holdings Ltd 1 0.01

– Arthur J Gallagher & Co 4 0.07

– Artisan Partners Asset Management Inc 1 0.01

– Aspen Insurance Holdings Ltd 3 0.04

– Associated Banc-Corp 3 0.04

– Assurant Inc 3 0.04

– Assured Guaranty Ltd 5 0.08

– Astoria Financial Corp 1 0.01

– Axis Capital Holdings Ltd 3 0.04

– Baldwin & Lyons Inc 1 0.01

– BancFirst Corp 1 0.01

– BancorpSouth Inc 2 0.03

2 Bank of America Corp 45 0.66

– Bank of Hawaii Corp 4 0.07

– Bank of New York Mellon Corp 17 0.25

– Bank of the Ozarks Inc 4 0.07

– BankFinancial Corp 1 0.01

– BankUnited Inc 4 0.07

– Banner Corp 2 0.03

– BB&T Corp 11 0.17

– Beneficial Bancorp Inc 1 0.01

– Berkshire Hathaway Inc 33 0.48

– Berkshire Hills Bancorp Inc 1 0.01

– BGC Partners Inc 4 0.07

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Financial - 18.87% (continued) – Blackhawk Network Holdings Inc 2 0.03

– BlackRock Inc 15 0.22

– BNC Bancorp 1 0.01

– BOK Financial Corp 1 0.01

– Boston Private Financial Holdings Inc 1 0.01

– Bridge Bancorp Inc 1 0.01

– Brookline Bancorp Inc 1 0.01

– Brown & Brown Inc 4 0.07

– Capital Bank Financial Corp 1 0.01

– Capital One Financial Corp 14 0.20

– Capitol Federal Financial Inc 2 0.03

– Cathay General Bancorp 2 0.03

– CBOE Holdings Inc 1 0.01

– CBRE Group Inc 6 0.10

– CenterState Banks Inc 1 0.01

– Central Pacific Financial Corp 1 0.01

– Charles Schwab Corp 7 0.11

– Chemical Financial Corp 3 0.04

– Chubb Ltd 13 0.19

– Cincinnati Financial Corp 5 0.08

– CIT Group Inc 3 0.04

1 Citigroup Inc 34 0.50

– Citizens Financial Group Inc 7 0.11

– CME Group Inc 8 0.13

– CNB Financial Corp 1 0.01

– CoBiz Financial Inc 1 0.01

– Cohen & Steers Inc 2 0.03

– Columbia Banking System Inc 2 0.03

– Comerica Inc 4 0.07

– Commerce Bancshares Inc 2 0.03

– Community Bank System Inc 2 0.03

– Community Trust Bancorp Inc 1 0.01

– Credit Acceptance Corp 2 0.03

– Cullen/Frost Bankers Inc 2 0.03

– Customers Bancorp Inc 1 0.01

– CVB Financial Corp 2 0.03

– Dime Community Bancshares Inc 1 0.01

– Discover Financial Services 11 0.17

– E*TRADE Financial Corp 6 0.10

– Eagle Bancorp Inc 3 0.04

– East West Bancorp Inc 3 0.04

– Eaton Vance Corp 4 0.07

– EMC Insurance Group Inc 1 0.01

– Employers Holdings Inc 1 0.01

– Endurance Specialty Holdings Ltd 2 0.03


– Enterprise Financial Services Corp 1 0.01

– Erie Indemnity Co 1 0.01

– EverBank Financial Corp 1 0.01

– Evercore Partners Inc 1 0.01

– Everest Re Group Ltd 4 0.07

– FCB Financial Holdings Inc 1 0.01

– Federated Investors Inc 4 0.07

– Fidelity & Guaranty Life 1 0.01

– Fidelity Southern Corp 1 0.01

– Fifth Third Bancorp 6 0.10

– Financial Engines Inc 2 0.03

– First American Financial Corp 4 0.07

– First BanCorp/Puerto Rico 1 0.01

– First Busey Corp 1 0.01

– First Citizens BancShares Inc 4 0.07

– First Commonwealth Financial Corp 1 0.01

– First Community Bancshares Inc 1 0.01




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Financial - 18.87% (continued)

– First Financial Bancorp 1 0.01

– First Financial Bankshares Inc 2 0.03

– First Horizon National Corp 5 0.08

– First Interstate BancSystem Inc 1 0.01

– First Merchants Corp 2 0.03

– First Midwest Bancorp Inc 2 0.03

– First Republic Bank 5 0.08

– Flagstar Bancorp Inc 2 0.03

– FNB Corp 3 0.04

– FNF Group 4 0.07

– FNFV Group 1 0.01

– Franklin Resources Inc 6 0.10

– Fulton Financial Corp 3 0.04

– German American Bancorp Inc 1 0.01

– Glacier Bancorp Inc 3 0.04

– Global Indemnity Ltd 1 0.01

– Goldman Sachs Group Inc 17 0.25

– Great Southern Bancorp Inc 1 0.01

– Great Western Bancorp Inc 2 0.03

– Greenhill & Co Inc 1 0.01

– Greenlight Capital Re Ltd 1 0.01

– Hallmark Financial Services Inc 1 0.01

– Hancock Holding Co 3 0.04

– Hanmi Financial Corp 1 0.01


– Hartford Financial Services Group Inc 5 0.08

– Heartland Financial USA Inc 1 0.01

– Heritage Financial Corp 1 0.01

– HFF Inc 1 0.01

– Hilltop Holdings Inc 3 0.04

– Home BancShares Inc 4 0.07

– HomeStreet Inc 1 0.01

– Hope Bancorp Inc 2 0.03

– Howard Hughes Corp 4 0.07


– Iberiabank Corp 3 0.04

– Independent Bank Corp 1 0.01

– Independent Bank Group Inc 1 0.01

– Infinity Property & Casualty Corp 1 0.01

– Interactive Brokers Group Inc 4 0.07

– Intercontinental Exchange Inc 10 0.16

– International Bancshares Corp 2 0.03

– INTL. FCStone Inc 1 0.01

– Invesco Ltd 8 0.13

– Investors Bancorp Inc 4 0.07

– James River Group Holdings Ltd 1 0.01

– Janus Capital Group Inc 1 0.01

– Jones Lang LaSalle Inc 5 0.08

1 JPMorgan Chase & Co 89 1.31

– KCG Holdings Inc 1 0.01

– Kearny Financial Corp 1 0.01

– Kemper Corp 2 0.03

– Kennedy-Wilson Holdings Inc 2 0.03

– KeyCorp 4 0.07

– Lakeland Bancorp Inc 1 0.01

– Lakeland Financial Corp 1 0.01

– LegacyTexas Financial Group Inc 2 0.03

– Legg Mason Inc 3 0.04

– Lincoln National Corp 6 0.10

– Loews Corp 6 0.10

– LPL Financial Holdings Inc 4 0.07

– M&T Bank Corp 4 0.07

– Maiden Holdings Ltd 1 0.01

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– Marcus & Millichap Inc 1 0.01


– Marsh & McLennan Cos Inc 5 0.08

– MasterCard Inc 14 0.20

– MB Financial Inc 3 0.04

– Mercury General Corp 3 0.04

– Meridian Bancorp Inc 1 0.01

– Meta Financial Group Inc 1 0.01

– MetLife Inc 11 0.17

– Morgan Stanley 12 0.19

– Nasdaq Inc 5 0.08

– National Bank Holdings Corp 1 0.01

– National General Holdings Corp 3 0.04

– Nationstar Mortgage Holdings Inc 1 0.01

– Navient Corp 5 0.08

– Navigators Group Inc 1 0.01

– NBT Bancorp Inc 1 0.01

– Nelnet Inc 1 0.01

– New York Community Bancorp Inc 3 0.04

– Northern Trust Corp 5 0.08

– Northfield Bancorp Inc 1 0.01

– NorthStar Asset Management Group Inc 2 0.03

– Northwest Bancshares Inc 2 0.03

– OceanFirst Financial Corp 1 0.01

– OFG Bancorp 1 0.01

– Old National Bancorp 2 0.03

– Old Republic International Corp 4 0.07

– OM Asset Management Plc 2 0.03

– OneMain Holdings Inc 3 0.04

– Opus Bank 1 0.01

– Oritani Financial Corp 1 0.01

– Pacific Premier Bancorp Inc 1 0.01

– PacWest Bancorp 3 0.04

– Park National Corp 2 0.03

– People's United Financial Inc 2 0.03

– PHH Corp 1 0.01

– Pinnacle Financial Partners Inc 3 0.04

– PNC Financial Services Group Inc 18 0.26

– Popular Inc 4 0.07

– PRA Group Inc 2 0.03

– Preferred Bank 1 0.01

– Primerica Inc 4 0.07

– Principal Financial Group Inc 10 0.16

– PrivateBancorp Inc 1 0.01

– ProAssurance Corp 3 0.04

– Progressive Corp 6 0.10

– Prosperity Bancshares Inc 4 0.06

– Prudential Financial Inc 9 0.14

– Raymond James Financial Inc 5 0.08

– RE/MAX Holdings Inc 1 0.01

– Realogy Holdings Corp 1 0.01

– Regions Financial Corp 7 0.11


– Renasant Corp 2 0.03

– RLI Corp 3 0.04

– RMR Group Inc 1 0.01

– S&T Bancorp Inc 1 0.01

– Safety Insurance Group Inc 1 0.01

– Sandy Spring Bancorp Inc 1 0.01

– Santander Consumer USA Holdings Inc 5 0.08

– Seacoast Banking Corp of Florida 1 0.01

– SEI Investments Co 1 0.01

– Selective Insurance Group Inc 3 0.04




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– ServisFirst Bancshares Inc 1 0.01

– Signature Bank 4 0.06

– Simmons First National Corp 2 0.03

1 SLM Corp 5 0.08

– South State Corp 2 0.03

– Southside Bancshares Inc 1 0.01

– State Bank Financial Corp 1 0.01

– State National Cos Inc 1 0.01

– State Street Corp 6 0.10

– Sterling Bancorp 3 0.04

– Stewart Information Services Corp 1 0.01

– Stifel Financial Corp 3 0.04

– Stock Yards Bancorp Inc 1 0.01

– SunTrust Banks Inc 8 0.13

– SVB Financial Group 4 0.06

– Synchrony Financial 12 0.19

– Synovus Financial Corp 5 0.08

– T Rowe Price Group Inc 5 0.08

– TCF Financial Corp 4 0.06

– TD Ameritrade Holding Corp 2 0.03

– Texas Capital Bancshares Inc 3 0.04

– TFS Financial Corp 1 0.01

– Third Point Reinsurance Ltd 1 0.01

– Torchmark Corp 5 0.08

– Towne Bank 2 0.03

– Travelers Cos Inc 17 0.25

– TriCo Bancshares 1 0.01

– TriState Capital Holdings Inc 1 0.01

– TrustCo Bank Corp NY 1 0.01

– Trustmark Corp 2 0.03

– UMB Financial Corp 3 0.04

– Umpqua Holdings Corp 4 0.06

– Union Bankshares Corp 2 0.03

– United Bankshares Inc 3 0.04

– United Community Banks Inc 2 0.03

– United Financial Bancorp Inc 1 0.01

– United Fire Group Inc 1 0.01

– Universal Insurance Holdings Inc 1 0.01

– Univest Corp of Pennsylvania 1 0.01

– Unum Group 6 0.10

1 US Bancorp 27 0.39

– Validus Holdings Ltd 4 0.06

– Valley National Bancorp 3 0.04

– Visa Inc 23 0.33

– Voya Financial Inc 3 0.04

– Waddell & Reed Financial Inc 2 0.03

– Walker & Dunlop Inc 1 0.01

– Washington Federal Inc 3 0.04

– Washington Trust Bancorp Inc 1 0.01

– Waterstone Financial Inc 1 0.01

– Webster Financial Corp 4 0.06

1 Wells Fargo & Co 78 1.15

– Western Alliance Bancorp 5 0.08


– Willis Towers Watson PLC 7 0.11

– Wintrust Financial Corp 4 0.06

– WisdomTree Investments Inc 1 0.01

– WR Berkley Corp 5 0.08

– WSFS Financial Corp 1 0.01

– XL Group Ltd 4 0.07

– Zions Bancorporation 3 0.04

1,278 18.87

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Industrial - 13.24%

– 3M Co 15 0.22

– AAON Inc 1 0.01

– Acuity Brands Inc 3 0.04

– Advanced Drainage Systems Inc 1 0.01

– Advanced Energy Industries Inc 2 0.03

– AECOM 3 0.04

– AEP Industries Inc 1 0.01

– Aerojet Rocketdyne Holdings Inc 1 0.01

– AGCO Corp 7 0.11

– Agilent Technologies Inc 6 0.10

– Air Transport Services Group Inc 1 0.01

– Alamo Group Inc 2 0.03

– Albany International Corp 3 0.04

– Allegion PLC 2 0.03

– Altra Industrial Motion Corp 1 0.01

– AMETEK Inc 7 0.11

– Amphenol Corp 3 0.04

– AO Smith Corp 1 0.01

– Apogee Enterprises Inc 2 0.03

– Applied Industrial Technologies Inc 3 0.04

– AptarGroup Inc 5 0.08

– ArcBest Corp 1 0.01

– Arconic Inc 1 0.01

– Argan Inc 1 0.01

– Armstrong World Industries Inc 1 0.01

– Arrow Electronics Inc 7 0.11

– Astec Industries Inc 1 0.01

– Astronics Corp 1 0.01

– Atlas Air Worldwide Holdings Inc 1 0.01

– Avnet Inc 3 0.04

– AVX Corp 2 0.03

– B/E Aerospace Inc 1 0.01

– Babcock & Wilcox Enterprises Inc 1 0.01

– Badger Meter Inc 1 0.01

– Ball Corp 6 0.10

– Barnes Group Inc 3 0.04

– Belden Inc 4 0.07

– Bemis Co Inc 6 0.10

– Berry Plastics Group Inc 2 0.03

– Boise Cascade Co 1 0.01

– Brady Corp 2 0.03

– Builders FirstSource Inc 1 0.01

– BWX Technologies Inc 2 0.03

– Carlisle Cos Inc 4 0.07

– Caterpillar Inc 12 0.17

– CH Robinson Worldwide Inc 3 0.04

– Chart Industries Inc 1 0.01

– Chase Corp 1 0.01

– Chicago Bridge & Iron Co NV 3 0.04

– CIRCOR International Inc 2 0.03

– CLARCOR Inc 4 0.07

– Clean Harbors Inc 4 0.07

– Cognex Corp 1 0.01

– Coherent Inc 3 0.04

– Colfax Corp 6 0.10

– Comfort Systems USA Inc 1 0.01

– Continental Building Products Inc 1 0.01

– Corning Inc 5 0.08

– Covanta Holding Corp 2 0.03

– Crane Co 4 0.07

– Cree Inc 2 0.03

– Crown Holdings Inc 2 0.03

– CSX Corp 15 0.22




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Industrial - 13.24% (continued)

– Cubic Corp 1 0.01

– Cummins Inc 5 0.08

– Curtiss-Wright Corp 3 0.04

– Deere & Co 7 0.11

– DHT Holdings Inc 1 0.01

– Donaldson Co Inc 1 0.01

– Dover Corp 7 0.11

– Drew Industries Inc 4 0.07

– Dycom Industries Inc 4 0.07

– Eagle Materials Inc 5 0.08

– Eaton Corp PLC 10 0.14

– Echo Global Logistics Inc 1 0.01

– EMCOR Group Inc 7 0.11

– Emerson Electric Co 5 0.08

– Encore Wire Corp 1 0.01

– Energizer Holdings Inc 1 0.01

– EnerSys 4 0.07

– ESCO Technologies Inc 1 0.01

– Esterline Technologies Corp 1 0.01

– Expeditors International of Washington Inc 2 0.03

– Exponent Inc 2 0.03

– Fabrinet 1 0.01

– FARO Technologies Inc 1 0.01

– Federal Signal Corp 1 0.01

– FedEx Corp 13 0.19

– Fitbit Inc 1 0.01

– Flex Ltd 6 0.10

– FLIR Systems Inc 5 0.08

– Flowserve Corp 4 0.07

– Fluor Corp 4 0.07

– Fortive Corp 1 0.01

– Fortune Brands Home & Security Inc 5 0.08

– Forward Air Corp 1 0.01

– Franklin Electric Co Inc 2 0.03

– Garmin Ltd 4 0.07

– Generac Holdings Inc 2 0.03

– General Cable Corp 1 0.01

1 General Electric Co 30 0.44

– Genesee & Wyoming Inc 7 0.11

– Gentex Corp 4 0.07

– Gibraltar Industries Inc 1 0.01

– GoPro Inc 1 0.01

– Graco Inc 3 0.04

– Granite Construction Inc 2 0.03

– Graphic Packaging Holding Co 6 0.10

– Greif Inc, Class A 1 0.01

– Greif Inc, Class B 2 0.03

– Harris Corp 9 0.13

– Harsco Corp 2 0.03

– Haynes International Inc 1 0.01

– Heartland Express Inc 3 0.04

– HEICO Corp 1 0.01

– HEICO Corp, Class A 1 0.01

– Hexcel Corp 6 0.10

– Hillenbrand Inc 2 0.03

– Honeywell International Inc 13 0.19

– Hub Group Inc 2 0.03

– Hubbell Inc 5 0.08

– Huntington Ingalls Industries Inc 4 0.07

– Hyster-Yale Materials Handling Inc 1 0.01

– IDEX Corp 3 0.04

– II-VI Inc 2 0.03

– Illinois Tool Works Inc 5 0.08

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– Ingersoll-Rand PLC 8 0.13

– Insteel Industries Inc 1 0.01

– Itron Inc 3 0.04

– ITT Inc 4 0.07

– Jabil Circuit Inc 5 0.08

– Jacobs Engineering Group Inc 3 0.04

– JB Hunt Transport Services Inc 3 0.04

– John Bean Technologies Corp 2 0.03

– Johnson Controls International PLC 2 0.03

– Joy Global Inc 1 0.01

– Kadant Inc 1 0.01

– Kansas City Southern 6 0.10

– KapStone Paper and Packaging Corp 2 0.03

– KBR Inc 3 0.04

– Kennametal Inc 1 0.01

– Keysight Technologies Inc 4 0.07

– Kirby Corp 4 0.07

– KLX Inc 2 0.03

– Knight Transportation Inc 4 0.07

– Knowles Corp 2 0.03

– Kratos Defense & Security Solutions Inc 1 0.01


– Landstar System Inc 3 0.04

– Lennox International Inc 2 0.03

– Lincoln Electric Holdings Inc 4 0.07

– Lindsay Corp 1 0.01

– Littelfuse Inc 2 0.03

– Louisiana-Pacific Corp 2 0.03

– Lydall Inc 1 0.01

– Manitowoc Co Inc 1 0.01

– Manitowoc Foodservice Inc 1 0.01

– Marten Transport Ltd 1 0.01

– Martin Marietta Materials Inc 6 0.10

– Masco Corp 2 0.03

– MasTec Inc 3 0.04

– Matson Inc 3 0.04


– Methode Electronics Inc 1 0.01

– Mettler-Toledo International Inc 3 0.04

– Middleby Corp 1 0.01

– Mistras Group Inc 1 0.01

– Moog Inc 3 0.04

– MSA Safety Inc 2 0.03

– Mueller Industries Inc 2 0.03

– Mueller Water Products Inc 3 0.04

– Multi-Color Corp 1 0.01

– National Instruments Corp 3 0.04

– NCI Building Systems Inc 1 0.01

– Nordson Corp 1 0.01

– Norfolk Southern Corp 14 0.20

– Northrop Grumman Corp 6 0.10

– Novanta Inc 1 0.01

– Old Dominion Freight Line Inc 5 0.08

– Oshkosh Corp 5 0.08

– OSI Systems Inc 1 0.01

– Overseas Shipholding Group Inc 1 0.01

– Owens Corning 5 0.08

– Owens-Illinois Inc 1 0.01

– Packaging Corp of America 2 0.03

– Park-Ohio Holdings Corp 1 0.01

– Parker-Hannifin Corp 4 0.07

– Patrick Industries Inc 2 0.03

– Pentair PLC 5 0.08




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– PGT Inc 1 0.01

– Plexus Corp 1 0.01

– Ply Gem Holdings Inc 1 0.01

– Primoris Services Corp 1 0.01

– Proto Labs Inc 1 0.01

– Quanex Building Products Corp 1 0.01

– Raytheon Co 10 0.14

– Regal Beloit Corp 3 0.04

– Republic Services Inc 5 0.08

– Rexnord Corp 3 0.04

– Rockwell Automation Inc 5 0.08

– Rockwell Collins Inc 4 0.07

– Rogers Corp 1 0.01

– Roper Technologies Inc 2 0.03

– Ryder System Inc 6 0.10

– Saia Inc 1 0.01

– Sanmina Corp 3 0.04

– SBA Communications Corp 1 0.01

– Scorpio Tankers Inc 1 0.01

– Sealed Air Corp 3 0.04

– Sensata Technologies Holding NV 5 0.08

– Silgan Holdings Inc 4 0.07

– Simpson Manufacturing Co Inc 3 0.04

– Smith & Wesson Holding Corp 1 0.01

– Snap-on Inc 6 0.10

– Sonoco Products Co 4 0.07

– Spirit AeroSystems Holdings Inc 6 0.10

– SPX Corp 1 0.01

– SPX FLOW Inc 1 0.01

– Standex International Corp 1 0.01

– Stanley Black & Decker Inc 7 0.11

– Stericycle Inc 4 0.07

– Stoneridge Inc 1 0.01

– Sturm Ruger & Co Inc 1 0.01

– Summit Materials Inc 2 0.03

– Sun Hydraulics Corp 1 0.01

– Swift Transportation Co 2 0.03

– TASER International Inc 1 0.01

– TE Connectivity Ltd 11 0.16

– Tech Data Corp 3 0.04

– Teledyne Technologies Inc 5 0.08

– Tennant Co 1 0.01

– Terex Corp 3 0.04

– Tetra Tech Inc 2 0.03

– Timken Co 3 0.04

– TimkenSteel Corp 1 0.01

– TopBuild Corp 2 0.03

– TransDigm Group Inc 3 0.04

– Trex Co Inc 1 0.01

– TriMas Corp 1 0.01

– Trimble Inc 3 0.04

– Trinity Industries Inc 5 0.08

– Trinseo SA 2 0.03

– Triumph Group Inc 1 0.01

– TTM Technologies Inc 2 0.03

– Tutor Perini Corp 1 0.01

– Union Pacific Corp 21 0.31

– United Parcel Service Inc 12 0.17

– United Technologies Corp 35 0.51

– Universal Display Corp 1 0.01

– Universal Forest Products Inc 2 0.03

– US Concrete Inc 1 0.01

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– US Ecology Inc 1 0.01

– USG Corp 5 0.08

– Valmont Industries Inc 4 0.07

– Vishay Intertechnology Inc 2 0.03

– Vulcan Materials Co 8 0.13

– Wabtec Corp 1 0.01

– Waste Connections Inc 1 0.01

– Waste Management Inc 5 0.08

– Waters Corp 2 0.03

– Watts Water Technologies Inc 1 0.01

– Werner Enterprises Inc 2 0.03

– WestRock Co 5 0.08

– Woodward Inc 4 0.06

– Worthington Industries Inc 2 0.03

– XPO Logistics Inc 5 0.08

– Xylem Inc 6 0.10

– Zebra Technologies Corp 3 0.04

897 13.24

Technology - 10.36%

– Accenture PLC 11 0.16

– ACI Worldwide Inc 3 0.05

– Activision Blizzard Inc 3 0.05

– Actua Corp 1 0.01

– Acxiom Corp 2 0.03

– Adobe Systems Inc 5 0.08

– Advanced Micro Devices Inc 1 0.01

– Akamai Technologies Inc 7 0.11

– Allscripts Healthcare Solutions Inc 2 0.03

– Amdocs Ltd 4 0.07

– Amkor Technology Inc 5 0.08

– Analog Devices Inc 2 0.03

– ANSYS Inc 4 0.07

1 Apple Inc 106 1.56

– Applied Materials Inc 4 0.07

– Aspen Technology Inc 2 0.03

– athenahealth Inc 2 0.03

– Autodesk Inc 2 0.03

– Barracuda Networks Inc 1 0.01

– Bazaarvoice Inc 1 0.01

– Blackbaud Inc 2 0.03

– Broadcom Ltd 7 0.11

– Broadridge Financial Solutions Inc 2 0.03

– Brocade Communications Systems Inc 2 0.03

– Brooks Automation Inc 1 0.01

– CA Inc 9 0.13

– Cabot Microelectronics Corp 1 0.01

– CACI International Inc 3 0.05

– Cadence Design Systems Inc 2 0.03

– Cavium Inc 1 0.01

– CDK Global Inc 3 0.05

– Cerner Corp 11 0.16

– Cirrus Logic Inc 4 0.07

– Citrix Systems Inc 3 0.05

– Cognizant Technology Solutions Corp 7 0.11

– Computer Sciences Corp 2 0.03

– Convergys Corp 3 0.05

– Cray Inc 1 0.01

– CSG Systems International Inc 2 0.03

– CSRA Inc 2 0.03

– Cypress Semiconductor Corp 5 0.08

– Dell Technologies Inc Class V 1 0.01

– Diebold Nixdorf Inc 2 0.03

– Diodes Inc 1 0.01




Shares (000's)

Value (000's)

USD



Technology - 10.36% (continued)

– Donnelley Financial Solutions Inc 1 0.01

– DST Systems Inc 4 0.07

– Dun & Bradstreet Corp 2 0.03

– Electronic Arts Inc 3 0.05

– Electronics For Imaging Inc 2 0.03

– Engility Holdings Inc 1 0.01

– Entegris Inc 3 0.05

– EPAM Systems Inc 1 0.01

– ExlService Holdings Inc 1 0.01

– Fair Isaac Corp 2 0.03

– Fidelity National Information Services Inc 7 0.11

– Fiserv Inc 3 0.05

– FormFactor Inc 1 0.01

– Genpact Ltd 3 0.05

– Globant SA 1 0.01

– Guidewire Software Inc 1 0.01

– Hewlett Packard Enterprise Co 8 0.13

– HP Inc 3 0.05

– Inovalon Holdings Inc 1 0.01

– Integrated Device Technology Inc 2 0.03

2 Intel Corp 67 0.98

– International Business Machines Corp 20 0.29

– Intersil Corp 1 0.01

– Intuit Inc 4 0.07

– InvenSense Inc 1 0.01

– IPG Photonics Corp 3 0.05

– j2 Global Inc 4 0.07

– Jack Henry & Associates Inc 1 0.01

– KLA-Tencor Corp 1 0.01

– Kulicke & Soffa Industries Inc 1 0.01

– Lam Research Corp 5 0.08

– Leidos Holdings Inc 5 0.08

– Linear Technology Corp 1 0.01

– Manhattan Associates Inc 2 0.03

– ManTech International Corp 1 0.01

– Marvell Technology Group Ltd 3 0.05

– Maxim Integrated Products Inc 2 0.03

– MAXIMUS Inc 3 0.04

– MaxLinear Inc 1 0.01

– Mentor Graphics Corp 1 0.01

– Mercury Systems Inc 1 0.01

– Microchip Technology Inc 2 0.03

– Micron Technology Inc 8 0.13

– Microsemi Corp 1 0.01

1 Microsoft Corp 67 0.98

– MicroStrategy Inc 1 0.01

– MKS Instruments Inc 3 0.04

– Monolithic Power Systems Inc 1 0.01

– Monotype Imaging Holdings Inc 1 0.01

– MSCI Inc 2 0.03

– MTS Systems Corp 1 0.01

– NCR Corp 4 0.07

– NetApp Inc 6 0.10

– NetScout Systems Inc 3 0.04

– Nuance Communications Inc 4 0.07

– NVIDIA Corp 5 0.08

– Omnicell Inc 1 0.01

– ON Semiconductor Corp 6 0.10

1 Oracle Corp 26 0.38

– Paychex Inc 3 0.04

– Paycom Software Inc 1 0.01

– Pegasystems Inc 1 0.01

– Photronics Inc 1 0.01

Shares (000's)

Value (000's)

USD




– Pitney Bowes Inc 2 0.03

– Power Integrations Inc 1 0.01

– Progress Software Corp 1 0.01

– Qorvo Inc 3 0.04

– QUALCOMM Inc 21 0.31

– Qualys Inc 1 0.01

– Red Hat Inc 3 0.04

– Rudolph Technologies Inc 1 0.01

– salesforce.com Inc 2 0.03

– Science Applications International Corp 3 0.04

– Seagate Technology PLC 3 0.04

– Semtech Corp 2 0.03

– ServiceNow Inc 1 0.01

– Silicon Laboratories Inc 1 0.01

– Skyworks Solutions Inc 12 0.17

– Splunk Inc 1 0.01

– SS&C Technologies Holdings Inc 3 0.04

– Stratasys Ltd 1 0.01

– Super Micro Computer Inc 2 0.03

– Sykes Enterprises Inc 1 0.01

– Synaptics Inc 2 0.03

– Synchronoss Technologies Inc 2 0.03

– SYNNEX Corp 5 0.08

– Synopsys Inc 4 0.07

– Syntel Inc 1 0.01

– Tableau Software Inc 1 0.01

– Take-Two Interactive Software Inc 2 0.03

– TeleTech Holdings Inc 1 0.01

– Teradata Corp 4 0.07

– Teradyne Inc 4 0.07

– Tessera Technologies Inc 2 0.03

– Texas Instruments Inc 12 0.17

– Tyler Technologies Inc 1 0.01


– Ultratech Inc 1 0.01

– Veeco Instruments Inc 1 0.01

– VeriFone Systems Inc 2 0.03

– Verint Systems Inc 2 0.03

– Virtusa Corp 1 0.01

– VMware Inc 1 0.01

– Western Digital Corp 6 0.10

– Workday Inc 1 0.01

– Xerox Corp 4 0.07

– Xilinx Inc 3 0.04

1 Zynga Inc 2 0.03

702 10.36

Utilities - 2.05%

– AES Corp 2 0.04

– ALLETE Inc 3 0.05

– Alliant Energy Corp 2 0.04

– Ameren Corp 2 0.04

– American Electric Power Co Inc 3 0.05

– American States Water Co 1 0.01

– American Water Works Co Inc 3 0.05

– Aqua America Inc 1 0.01

– Atmos Energy Corp 2 0.04

– Avangrid Inc 1 0.01

– Avista Corp 1 0.01

– Black Hills Corp 2 0.04

– California Water Service Group 1 0.01

– Calpine Corp 5 0.08

– CenterPoint Energy Inc 2 0.04

– Chesapeake Utilities Corp 1 0.01




Shares (000's)

Value (000's)

USD



Utilities - 2.05% (continued)

– CMS Energy Corp 2 0.04

– Consolidated Edison Inc 2 0.04

– Dominion Resources Inc 6 0.08

– DTE Energy Co 4 0.05

– Duke Energy Corp 6 0.08

– Dynegy Inc 1 0.01

– Edison International 2 0.04

– El Paso Electric Co 1 0.01

– Empire District Electric Co 1 0.01

– Entergy Corp 3 0.05

– Eversource Energy 3 0.05

– Exelon Corp 3 0.05

– FirstEnergy Corp 3 0.05

– Fortis Inc 1 0.01

– Great Plains Energy Inc 1 0.01

– IDACORP Inc 2 0.03

– MDU Resources Group Inc 1 0.01

– MGE Energy Inc 2 0.03

– National Fuel Gas Co 2 0.03

– New Jersey Resources Corp 2 0.03

– NextEra Energy Inc 7 0.10

– NiSource Inc 1 0.01

– Northwest Natural Gas Co 1 0.01

– NorthWestern Corp 1 0.01

– NRG Energy Inc 1 0.01

– OGE Energy Corp 1 0.01

– ONE Gas Inc 2 0.03

– Ormat Technologies Inc 3 0.05

– Otter Tail Corp 1 0.01

– PG&E Corp 4 0.05

– Pinnacle West Capital Corp 2 0.03

– PNM Resources Inc 1 0.01

– Portland General Electric Co 2 0.03

– PPL Corp 2 0.03

– Public Service Enterprise Group Inc 2 0.03

– SCANA Corp 2 0.03

– Sempra Energy 3 0.05

– SJW Group 1 0.01

– South Jersey Industries Inc 1 0.01

– Southern Co 6 0.08

– Southwest Gas Corp 2 0.03

– Spire Inc 2 0.03

– Talen Energy Corp 1 0.01

– UGI Corp 1 0.01

– Vectren Corp 2 0.03

– WEC Energy Group Inc 2 0.03

– Westar Energy Inc 1 0.01

– WGL Holdings Inc 2 0.03

– Xcel Energy Inc 2 0.03

Total Common Stock – 99.07% (30 November 2015: 101.00%) 139 2.05


Forward Currency Contracts – Nil (30 November 2015: (1.40)%) 6,711 99.07

Value (000's)

USD


Cash and Cash Equivalents – 1.06% (30 November 2015: 0.29%) 72 1.06 Liabilities in Excess of Other Assets – (0.13)% (30 November 2015: 0.11%) (9) (0.13)


- Amounts designated as “–“ are either less than $500 or less than 500 shares.

Analysis of Total Assets (unaudited) % of Total Assets Transferable securities admitted to an official exchange listing or traded on a regulated market 98.51 Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 0.01

Current Assets 1.48

Total Assets 100.00




Shares (000's)

Value (000's)

USD


Common Stock

Basic Materials – 4.34%










2 Charles & Colvard Ltd 2 –






– CSW Industrials Inc 11 0.01




17 Ferroglobe PLC 193 0.11

17 Ferroglobe Representation & Warrants Insurance Trust – –

2 Friedman Industries Inc 10 0.01











2 Koppers Holdings Inc 76 0.04

3 Kraton Performance Polymers Inc 87 0.05







1 Northern Technologies International Corp 9 0.01

2 Olin Corp 65 0.04






5 Rayonier Advanced Materials Inc 71 0.04


3 Ryerson Holding Corp 43 0.03




2 Shiloh Industries Inc 14 0.01







Shares (000's)

Value (000's)

USD



Basic Materials – 4.34% (continued)

1 Universal Stainless & Alloy Products Inc 16 0.01


7,310 4.34

Communications – 6.37%

4 1-800-Flowers.com Inc 46 0.03

2 A H Belo Corp 10 0.01


2 Angie's List Inc 16 0.01


1 Aviat Networks Inc 9 0.01

5 Aware Inc 31 0.02


1 Beasley Broadcast Group Inc 8 –

3 Black Box Corp 38 0.02


1 Blue Nile Inc 51 0.03

5 Boingo Wireless Inc 65 0.04


5 CalAmp Corp 73 0.04

6 Calix Inc 47 0.03

7 Central European Media Enterprises Ltd 18 0.01


5 Cincinnati Bell Inc 104 0.06

2 Clear Channel Outdoor Holdings Inc 9 0.01

2 Clearfield Inc 33 0.02


2 Communications Systems Inc 9 0.01

2 Comtech Telecommunications Corp 22 0.01






14 EarthLink Holdings Corp 73 0.04


7 Entravision Communications Corp 48 0.03

– ePlus Inc 50 0.03


6 Extreme Networks Inc 26 0.02

1 FairPoint Communications Inc 17 0.01


3 FTD Cos Inc 62 0.04



2 Global Eagle Entertainment Inc 14 0.01



9 Harmonic Inc 44 0.03

7 Harte-Hanks Inc 11 0.01

1 Hawaiian Telcom Holdco Inc 14 0.01

2 HC2 Holdings Inc 8 –



2 ID Systems Inc 9 0.01

3 IDT Corp 66 0.04

14 Infinera Corp 119 0.07



8 Internap Corp 9 0.01


12 iPass Inc 20 0.01




Shares (000's)

Value (000's)

USD



Communications – 6.37% (continued)


8 Ixia 113 0.07

5 John Wiley & Sons Inc 255 0.15


2 Leaf Group Ltd 12 0.01

9 Leap Wireless International Inc – –

10 Limelight Networks Inc 21 0.01

10 Lionbridge Technologies Inc 49 0.03

3 Liquidity Services Inc 28 0.02

– LogMeIn Inc 20 0.01


4 Marchex Inc 9 0.01



9 MeetMe Inc 44 0.03









7 NIC Inc 172 0.10

1 Numerex Corp 9 0.01

4 Oclaro Inc 38 0.02

– Onvia Inc 1 –

1 Optical Cable Corp 2 –


3 Overstock.com Inc 45 0.03

2 PC-Tel Inc 11 0.01




4 QuinStreet Inc 14 0.01

5 Radio One Inc 14 0.01

5 RealNetworks Inc 21 0.01

1 Reis Inc 28 0.02

1 RELM Wireless Corp 4 –


– RF Industries Ltd – –

1 RigNet Inc 20 0.01


1 Saga Communications Inc 29 0.02






3 Shutterstock Inc 139 0.08




1 Stamps.com Inc 125 0.07

3 Starz 90 0.05

3 TechTarget Inc 26 0.02

4 Telenav Inc 23 0.01


1 TESSCO Technologies Inc 12 0.01

7 TheStreet Inc 6 –

11 Time Inc 182 0.11

13 TiVo Corp 269 0.16

1 Travelzoo Inc 16 0.01

Shares (000's)

Value (000's)

USD



Communications – 6.37% (continued)

1 tronc Inc 15 0.01


3 US Auto Parts Network Inc 8 –

– Value Line Inc 2 –








7 Westell Technologies Inc 4 –


9 Zix Corp 38 0.02

10,722 6.37

Consumer, Cyclical – 15.71%


2 ADDvantage Technologies Group Inc 3 –







1 AMREP Corp 8 –


1 Arctic Cat Inc 21 0.01

– Ark Restaurants Corp 2 –






1 Bassett Furniture Industries Inc 39 0.02






– Biglari Holdings Inc – –



1 Blue Bird Corp 8 0.01




1 Boot Barn Holdings Inc 13 0.01



4 Buckle Inc 97 0.06







1 Canterbury Park Holding Corp 6 –


6 Carrols Restaurant Group Inc 77 0.05

3 Cato Corp 87 0.05







Shares (000's)

Value (000's)

USD



Consumer, Cyclical – 15.71% (continued)


1 Cherokee Inc 12 0.01




6 Christopher & Banks Corp 11 0.01

– Churchill Downs Inc 66 0.04

1 Chuy's Holdings Inc 41 0.02



4 Commercial Vehicle Group Inc 19 0.01

4 Conn's Inc 42 0.03






7 Crocs Inc 51 0.03


2 Culp Inc 57 0.03


13 Dana Inc 223 0.13




– Delta Apparel Inc 8 –

8 Denny's Corp 98 0.06








2 Dover Motorsports Inc 4 –

7 DSW Inc 166 0.10

2 DTS Inc 82 0.05


5 Eldorado Resorts Inc 67 0.04





1 Famous Dave's of America Inc 6 –









4 Fred's Inc 40 0.02




2 Gaming Partners International Corp 20 0.01




2 Gordmans Stores Inc 1 –

3 Green Brick Partners Inc 24 0.01


Shares (000's)

Value (000's)

USD




7 Guess? Inc 113 0.07





4 hhgregg Inc 6 –

2 Hibbett Sports Inc 94 0.06

5 HNI Corp 247 0.15

2 Hooker Furniture Corp 45 0.03

2 Horizon Global Corp 57 0.03

3 Houston Wire & Cable Co 17 0.01

5 HSN Inc 203 0.12


13 ILG Inc 230 0.14






2 Isle of Capri Casinos Inc 40 0.02


2 JAKKS Pacific Inc 18 0.01

2 Jamba Inc 17 0.01


1 Johnson Outdoors Inc 38 0.02


7 KB Home 113 0.07


3 Kirkland's Inc 41 0.02

6 Knoll Inc 149 0.09

1 Kona Grill Inc 14 0.01


5 La-Z-Boy Inc 133 0.08

1 Lakeland Industries Inc 12 0.01

2 Lazare Kaplan International Inc 1 –

– LGI Homes Inc 14 0.01





5 Luby's Inc 22 0.01


1 Malibu Boats Inc 21 0.01


3 Marine Products Corp 32 0.02









2 Motorcar Parts of America Inc 45 0.03



1 Nathan's Famous Inc 39 0.02


3 Nautilus Inc 59 0.04

– Nevada Gold & Casinos Inc 1 –

13 New York & Co Inc 26 0.02

1 Noodles & Co 3 –





Shares (000's)

Value (000's)

USD








3 PCM Inc 52 0.03



1 Perfumania Holdings Inc 2 –


3 PetMed Express Inc 56 0.03

2 PICO Holdings Inc 30 0.02


7 Pinnacle Entertainment Inc 92 0.06


2 Popeyes Louisiana Kitchen Inc 141 0.08

2 Potbelly Corp 26 0.02


1 RCI Hospitality Holdings Inc 18 0.01


3 Red Lion Hotels Corp 29 0.02





7 Ruby Tuesday Inc 21 0.01

3 Rush Enterprises Inc 89 0.05





– Sequential Brands Group Inc 2 –


1 Skyline Corp 19 0.01




5 Spartan Motors Inc 44 0.03



3 Sportsman's Warehouse Holdings Inc 27 0.02

4 Stage Stores Inc 17 0.01


4 Stanley Furniture Co Inc 3 –


5 Stein Mart Inc 24 0.01


– Strattec Security Corp 6 –





1 Tandy Leather Factory Inc 8 0.01






2 Tilly's Inc 18 0.01

7 Titan International Inc 81 0.05

2 Titan Machinery Inc 25 0.02


3 Town Sports International Holdings Inc 6 –

5 Trans World Entertainment Corp 17 0.01

Shares (000's)

Value (000's)

USD





4 Triton International Ltd 69 0.04

5 Tuesday Morning Corp 22 0.01


3 Unifi Inc 80 0.05






4 Vince Holding Corp 17 0.01

3 Virco Manufacturing Corp 13 0.01




3 VOXX International Corp 13 0.01



27 Wendy's Co 346 0.21



4 West Marine Inc 34 0.02

– Weyco Group Inc 14 0.01


– Wingstop Inc 11 0.01

1 Winmark Corp 67 0.04





26,463 15.71

Consumer, Non-Cyclical – 16.03%





9 Accuray Inc 45 0.03

1 Acme United Corp 14 0.01


2 Adamas Pharmaceuticals Inc 26 0.02


– Adeptus Health Inc 2 –



3 Akebia Therapeutics Inc 22 0.01

2 Akorn Inc 44 0.03


2 Alere Inc 59 0.04

1 Alico Inc 19 0.01


1 Alliance One International Inc 15 0.01




– AMERCO 139 0.08








– ANI Pharmaceuticals Inc 24 0.01




Shares (000's)

Value (000's)

USD



Consumer, Non-Cyclical – 16.03% (continued)





6 ARC Document Solutions Inc 25 0.01

1 Ardelyx Inc 15 0.01

– Arrhythmia Research Technology Inc 2 –

1 Ascent Capital Group Inc 22 0.01

1 AstroNova Inc 14 0.01


1 Aviragen Therapeutics Inc 2 –




1 Barrett Business Services Inc 53 0.03

1 BioSpecifics Technologies Corp 43 0.03



3 Bovie Medical Corp 13 0.01


– Bridgford Foods Corp 5 –


5 Brink's Co 214 0.13



2 CAI International Inc 20 0.01



4 Cambium Learning Group Inc 21 0.01




3 Capital Senior Living Corp 49 0.03

2 Cara Therapeutics Inc 16 0.01





– Catalyst Biosciences Inc – –

6 CBIZ Inc 79 0.05

1 CCA Industries Inc 3 –

3 CDI Corp 21 0.01

4 CEB Inc 205 0.12

5 Central Garden & Pet Co (non-voting rights) 140 0.08



3 Chefs' Warehouse Inc 33 0.02



1 Civeo Corp 1 –

1 Coca-Cola Bottling Co Consolidated 114 0.07

1 Collectors Universe Inc 15 0.01

2 Command Security Corp 5 –

2 Concert Pharmaceuticals Inc 21 0.01




1 CRA International Inc 42 0.03




1 CSS Industries Inc 27 0.02

4 Cumberland Pharmaceuticals Inc 21 0.01

Shares (000's)

Value (000's)

USD




2 Cutera Inc 33 0.02





6 Depomed Inc 114 0.07


– Dicerna Pharmaceuticals Inc – –

4 Digirad Corp 20 0.01

2 Diplomat Pharmacy Inc 31 0.02

3 Edgewater Technology Inc 21 0.01


6 Ennis Inc 88 0.05


7 Enzo Biochem Inc 50 0.03

– Epizyme Inc 2 –

7 Everi Holdings Inc 16 0.01


2 Farmer Brothers Co 80 0.05


5 Five Star Quality Care Inc 12 0.01

2 Forrester Research Inc 96 0.06




1 Genesis Healthcare Inc 4 –




7 Great Lakes Dredge & Dock Corp 30 0.02





6 Harvard Bioscience Inc 15 0.01











5 Hudson Global Inc 7 –




3 Ignyta Inc 18 0.01






4 Insys Therapeutics Inc 50 0.03




4 Intersections Inc 9 0.01


2 Inventure Foods Inc 18 0.01

1 IRIDEX Corp 7 –




Shares (000's)

Value (000's)

USD






1 Juniper Pharmaceuticals Inc 5 –

3 K12 Inc 43 0.03

1 Karyopharm Therapeutics Inc 10 0.01



3 Kindred Biosciences Inc 14 0.01




1 Landauer Inc 56 0.03

3 Lannett Co Inc 77 0.05

3 LeMaitre Vascular Inc 62 0.04

1 LendingTree Inc 89 0.05


1 Liberty Tax Inc 12 0.01


1 Lifevantage Corp 11 0.01

2 Lifeway Foods Inc 24 0.01


– Limoneira Co 4 –



1 LSC Communications Inc 17 0.01



1 Mannatech Inc 10 0.01





4 Medcath Corp – –


1 MediciNova Inc 5 –

2 Medifast Inc 64 0.04




1 Misonix Inc 12 0.01


2 Momenta Pharmaceuticals Inc 30 0.02

6 MoneyGram International Inc 61 0.04



7 Myriad Genetics Inc 110 0.07



2 National Research Corp 36 0.02

1 National Research Corp, Class B 21 0.01

2 Natural Alternatives International Inc 22 0.01

2 Natural Grocers by Vitamin Cottage Inc 17 0.01

– Natural Health Trends Corp 6 –

1 Nature's Sunshine Products Inc 15 0.01




2 Nobilis Health Corp 6 –

2 Nutraceutical International Corp 59 0.04

3 Nutrisystem Inc 119 0.07




Shares (000's)

Value (000's)

USD







1 Otonomy Inc 20 0.01



13 PDL BioPharma Inc 27 0.02

2 Pendrell Corp 11 0.01

2 Perceptron Inc 14 0.01

4 Performant Financial Corp 15 0.01

2 PFSweb Inc 16 0.01

5 Pharmacopeia Drug Discovery Inc – –


2 Phibro Animal Health Corp 52 0.03

– Post Holdings Inc 3 –


3 PRGX Global Inc 19 0.01

3 Primo Water Corp 38 0.02

3 ProPhase Labs Inc 6 –


1 Psychemedics Corp 20 0.01

4 PTC Therapeutics Inc 39 0.02




4 Quorum Health Corp 21 0.01

5 RadNet Inc 33 0.02

1 RCM Technologies Inc 4 –


2 Repligen Corp 75 0.04


3 Retrophin Inc 69 0.04


6 Rigel Pharmaceuticals Inc 16 0.01

1 Rocky Mountain Chocolate Factory Inc 13 0.01

5 RPX Corp 57 0.03


6 RTI Surgical Inc 18 0.01



1 SeaSpine Holdings Corp 9 0.01


– Seneca Foods Corp 15 0.01

– Seneca Foods Corp, Class B 8 –


1 Smart & Final Stores Inc 9 0.01




– Span-America Medical Systems Inc 2 –


7 Spectrum Pharmaceuticals Inc 27 0.02

1 Stemline Therapeutics Inc 10 0.01


5 Sucampo Pharmaceuticals Inc 83 0.05

4 Supernus Pharmaceuticals Inc 90 0.05



2 SurModics Inc 50 0.03

3 Team Inc 109 0.07







Shares (000's)

Value (000's)

USD




1 Theravance Biopharma Inc 17 0.01

2 Titan Pharmaceuticals Inc 8 –





– Trubion Pharmaceuticals Inc – –



1 United-Guardian Inc 13 0.01



– Universal Security Instruments Inc 1 –




– Utah Medical Products Inc 23 0.01

2 Vascular Solutions Inc 133 0.08


1 Vectrus Inc 22 0.01

1 Verastem Inc 2 –

2 Versar Inc 3 –


2 Viad Corp 78 0.05


3 Volt Information Sciences Inc 21 0.01

2 WD-40 Co 161 0.10


1 Willdan Group Inc 25 0.01


– Xencor Inc 11 0.01

4 Zafgen Inc 12 0.01

2 Zogenix Inc 24 0.01

26,999 16.03

Diversified – 0.13%


218 0.13

Energy – 5.07%

– Adams Resources & Energy Inc 17 0.01







2 CARBO Ceramics Inc 15 0.01



7 Clean Energy Fuels Corp 26 0.02

5 Cloud Peak Energy Inc 30 0.02



3 Contango Oil & Gas Co 26 0.02


3 Dawson Geophysical Co 24 0.01






3 Evolution Petroleum Corp 24 0.01


5 Flotek Industries Inc 70 0.04

Shares (000's)

Value (000's)

USD



Energy – 5.07% (continued)




1 Geospace Technologies Corp 25 0.01


2 Gulf Island Fabrication Inc 18 0.01




– HKN Inc 1 –













8 NOW Inc 166 0.10




– Pacific Drilling SA 1 –









1 PHI Inc 21 0.01




– REX American Resources Corp 29 0.02


1 Ring Energy Inc 17 0.01


7 RPC Inc 137 0.08








4 Tesco Corp 29 0.02

9 TETRA Technologies Inc 52 0.03



5 Unit Corp 112 0.07




8,546 5.07

Financial – 21.26%






Shares (000's)

Value (000's)

USD



Financial – 21.26% (continued)







2 Altisource Portfolio Solutions SA 52 0.03







5 AmeriServ Financial Inc 16 0.01






2 Asta Funding Inc 18 0.01



3 Atlanticus Holdings Corp 9 0.01

1 Atlas Financial Holdings Inc 13 0.01











– Bar Harbor Bankshares 21 0.01

1 BBX Capital Corp 11 0.01


1 Bear State Financial Inc 7 –












2 Calamos Asset Management Inc 16 0.01






– Carolina Financial Corp 11 0.01






1 Central Valley Community Bancorp 17 0.01

– Century Bancorp Inc 15 0.01

Shares (000's)

Value (000's)

USD




1 Charter Financial Corp 11 0.01


1 Citizens Community Bancorp Inc 13 0.01









– Community Bankers Trust Corp 2 –




2 Consumer Portfolio Services Inc 10 0.01











2 eHealth Inc 24 0.01








– Enterprise Bancorp Inc 12 0.01


1 ESSA Bancorp Inc 15 0.01



– Farmers Capital Bank Corp 11 0.01

2 Farmers National Banc Corp 23 0.01










9 First Acceptance Corp 11 0.01












2 First Financial Corp/IN 73 0.04




Shares (000's)

Value (000's)

USD




3 First Financial Northwest Inc 51 0.03







2 First Place Financial Corp – –

2 First South Bancorp Inc 22 0.01



23 FNB Corp 346 0.21











– Great Western Bancorp Inc 12 0.01



1 Griffin Industrial Realty Inc 18 0.01












4 HFF Inc 123 0.07


– Hingham Institution for Savings 43 0.03






1 HopFed Bancorp Inc 9 0.01




1 Impac Mortgage Holdings Inc 11 0.01





1 Infinity Property & Casualty Corp 65 0.04





– Investors Title Co 12 0.01




Shares (000's)

Value (000's)

USD

















1 Maui Land & Pineapple Co Inc 9 0.01


15 MBIA Inc 153 0.09

4 MBT Financial Corp 39 0.02







1 MidSouth Bancorp Inc 9 0.01

2 Moelis & Co 69 0.04



– National Western Life Group Inc 4 –







– Northrim BanCorp Inc 14 0.01





– Old Line Bancshares Inc 7 –


3 Old Second Bancorp Inc 25 0.01




3 Opus Bank 65 0.04



2 Pacific Mercantile Bancorp 15 0.01





– Penns Woods Bancorp Inc 22 0.01

2 PennyMac Financial Services Inc 35 0.02

1 People's Utah Bancorp 13 0.01


5 PHH Corp 77 0.05


1 Piper Jaffray Cos 95 0.06

1 PJT Partners Inc 39 0.02






Shares (000's)

Value (000's)

USD





1 Premier Financial Bancorp Inc 19 0.01





1 Provident Financial Holdings Inc 24 0.01


1 Pzena Investment Management Inc 11 0.01


2 Real Industry Inc 14 0.01




2 Republic First Bancorp Inc 12 0.01

2 Riverview Bancorp Inc 14 0.01

5 RLI Corp 277 0.16

– RMR Group Inc 14 0.01


2 Safeguard Scientifics Inc 29 0.02






2 SI Financial Group Inc 22 0.01



42 SLM Corp 426 0.25


1 Southern National Bancorp of Virginia Inc 12 0.01



6 St Joe Co 122 0.07













5 Tiptree Financial Inc 32 0.02















4 United Security Bancshares 24 0.01


Shares (000's)

Value (000's)

USD






– Virtus Investment Partners Inc 52 0.03










2 Western New England Bancorp Inc 17 0.01

1 Westwood Holdings Group Inc 40 0.02



1 World Acceptance Corp 65 0.04


– Xenith Bankshares Inc 1 –


35,813 21.26

Industrial – 18.45%

4 A. M. Castle & Co 1 –

5 AAON Inc 179 0.11

4 AAR Corp 144 0.09


4 Advanced Drainage Systems Inc 90 0.05









1 Allied Motion Technologies Inc 12 0.01



– American Superconductor Corp 2 –

1 Ampco-Pittsburgh Corp 18 0.01




2 Argan Inc 119 0.07





– Astronics Corp, Class B 7 –


14 AVX Corp 212 0.13

3 AZZ Inc 209 0.12



3 Ballantyne Strong Inc 20 0.01








1 Broadwind Energy Inc 3 –




Shares (000's)

Value (000's)

USD



Industrial – 18.45% (continued)



7 Casella Waste Systems Inc 94 0.06













1 Control4 Corp 11 0.01

1 Core Molding Technologies Inc 9 0.01



1 CPI Aerostructures Inc 10 0.01

2 Crane Co 165 0.10

8 Cree Inc 210 0.13

4 CTS Corp 91 0.05



2 CyberOptics Corp 61 0.04


2 Dorian LPG Ltd 13 0.01





1 Eastern Co 11 0.01


4 Electro Scientific Industries Inc 19 0.01




3 Energy Recovery Inc 37 0.02

5 EnerSys 382 0.23

6 ENGlobal Corp 8 –



– Espey Manufacturing & Electronics Corp 10 0.01



3 Fabrinet 139 0.08






12 FRD Acquisition Co – –

2 FreightCar America Inc 27 0.02

2 Frequency Electronics Inc 20 0.01

3 Fuel Tech Inc 4 –



2 Gencor Industries Inc 30 0.02




2 Global Brass & Copper Holdings Inc 65 0.04

Shares (000's)

Value (000's)

USD




3 Goldfield Corp 12 0.01



1 Graham Corp 17 0.01




– Greif Inc, Class B 32 0.02


2 Hardinge Inc 20 0.01





– HEICO Corp 34 0.02


– Heritage-Crystal Clean Inc 6 –

5 Hill International Inc 19 0.01


4 Hornbeck Offshore Services Inc 19 0.01


5 Hudson Technologies Inc 38 0.02

1 Hurco Cos Inc 23 0.01


1 Identiv Inc 1 –

1 IEC Electronics Corp 2 –

3 IES Holdings Inc 55 0.03

6 II-VI Inc 176 0.10

4 Innovative Solutions & Support Inc 13 0.01


3 Intevac Inc 22 0.01

1 IntriCon Corp 8 –

8 Iteris Inc 25 0.01


2 ITT Inc 82 0.05



2 Kadant Inc 95 0.06


15 KBR Inc 248 0.15



1 Key Technology Inc 16 0.01



5 KLX Inc 201 0.12






2 Layne Christensen Co 23 0.01

1 LB Foster Co 11 0.01



2 LMI Aerospace Inc 14 0.01


– LS Starrett Co 4 –

3 LSB Industries Inc 22 0.01








Shares (000's)

Value (000's)

USD









2 MFRI Inc 13 0.01


1 MOCON Inc 9 0.01

4 Moog Inc 267 0.16





4 Myers Industries Inc 58 0.03


5 Napco Security Technologies Inc 41 0.02



5 NL Industries Inc 34 0.02

3 NN Inc 51 0.03

2 Northwest Pipe Co 30 0.02


1 NV5 Global Inc 33 0.02

– NVE Corp 14 0.01

1 Olympic Steel Inc 31 0.02

1 Omega Flex Inc 45 0.03

1 Orion Energy Systems Inc 2 –




2 PAM Transportation Services Inc 38 0.02





6 PGT Inc 72 0.04





2 Proto Labs Inc 128 0.08


3 Radiant Logistics Inc 9 0.01







2 Saia Inc 90 0.05




1 SIFCO Industries Inc 9 0.01




1 Sparton Corp 29 0.02

4 SPX Corp 95 0.06



2 Sterling Construction Co Inc 19 0.01

4 Stoneridge Inc 70 0.04

Shares (000's)

Value (000's)

USD








1 Synalloy Corp 9 0.01

5 TASER International Inc 149 0.09












3 TRC Cos Inc 31 0.02








2 Twin Disc Inc 25 0.01

4 Ultralife Corp 19 0.01



2 Universal Logistics Holdings Inc 34 0.02



2 USA Truck Inc 14 0.01


4 Vicor Corp 55 0.03


2 Vishay Precision Group Inc 38 0.02

1 VSE Corp 45 0.03



– Willis Lease Finance Corp 11 0.01





5 YRC Worldwide Inc 58 0.03

4 ZAGG Inc 24 0.01

31,070 18.45

Technology - 8.68%




4 Agilysys Inc 36 0.02




4 American Software Inc 42 0.03


2 Amtech Systems Inc 10 0.01


7 Avid Technology Inc 30 0.02


7 AXT Inc 35 0.02




Shares (000's)

Value (000's)

USD





8 Bazaarvoice Inc 43 0.03


2 Bottomline Technologies de Inc 44 0.03


2 Bsquare Corp 10 0.01



2 Carbonite Inc 41 0.02


2 CEVA Inc 71 0.04

8 Ciber Inc 7 –


3 Cohu Inc 40 0.02

1 CommerceHub Inc 12 0.01

1 Computer Programs & Systems Inc 23 0.01


2 Concurrent Computer Corp 13 0.01


4 Cray Inc 77 0.05






1 DMC Global Inc 20 0.01

1 Donnelley Financial Solutions Inc 16 0.01


1 Eastman Kodak Co 13 0.01

4 Ebix Inc 261 0.15


3 eMagin Corp 6 –

3 EMCORE Corp 17 0.01





6 Exar Corp 64 0.04



6 FalconStor Software Inc 4 –


5 Gerber Scientific Inc – –

5 GigPeak Inc 14 0.01

4 Glu Mobile Inc 9 0.01

4 GSE Systems Inc 12 0.01

4 GSI Technology Inc 21 0.01

3 Immersion Corp 28 0.02


6 Innodata Inc 14 0.01

3 Inseego Corp 6 –





4 IXYS Corp 50 0.03


1 Key Tronic Corp 10 0.01


8 Kopin Corp 21 0.01




Shares (000's)

Value (000's)

USD




2 MACOM Technology Solutions Holdings Inc 81 0.05

4 Magnachip Semiconductor Corp 24 0.01


1 Mastech Holdings Inc 5 –

2 MaxLinear Inc 41 0.02

4 Maxwell Technologies Inc 18 0.01





1 Monolithic Power Systems Inc 84 0.05




1 NCI Inc 18 0.01



3 PAR Technology Corp 18 0.01





5 Planet Payment Inc 19 0.01



1 QAD Inc, Class A 38 0.02

– QAD Inc, Class B 11 0.01



2 Qumu Corp 4 –

8 Radisys Corp 32 0.02


3 Richardson Electronics Ltd 16 0.01




4 Seachange International Inc 11 0.01




4 Silver Spring Networks Inc 60 0.04

2 Simulations Plus Inc 15 0.01

3 StarTek Inc 25 0.01

4 SunEdison Semiconductor Ltd 49 0.03






1 Tangoe Inc 9 0.01



2 TransAct Technologies Inc 13 0.01


4 Ultratech Inc 96 0.06

6 Unisys Corp 85 0.05

1 USA Technologies Inc 4 –




– Verint Systems Inc 11 0.01


1 Wayside Technology Group Inc 20 0.01




Shares (000's)

Value (000's)

USD





1 Zedge Inc 3 –

76 Zynga Inc 217 0.13

14,615 8.68

Utilities – 3.69%


3 Ameresco Inc 16 0.01


1 Artesian Resources Corp 30 0.02

12 Atlantic Power Corp 31 0.02





1 Connecticut Water Service Inc 57 0.03

2 Consolidated Water Co Ltd 18 0.01

1 Delta Natural Gas Co Inc 26 0.02




4 EnerNOC Inc 24 0.01

1 Gas Natural Inc 12 0.01

2 Genie Energy Ltd 14 0.01




2 Middlesex Water Co 94 0.06




6 NRG Yield Inc 86 0.05

4 NRG Yield Inc, Class A 53 0.03


4 Ormat Technologies Inc 208 0.12




1 RGC Resources Inc 21 0.01

2 SJW Corp 92 0.05




2 Unitil Corp 79 0.05


2 York Water Co 75 0.04

6,224 3.69



Cash and Cash Equivalents – (0.54)% (30 November 2015: 0.76%) (913) (0.54) Assets in Excess of Other Liabilities – 0.81% (30 November 2015: (0.10)%) 1,366 0.81





Current Assets 7.41

Total Assets 100.00




Shares (000's)

Value (000's)

GBP


Investment Funds^

Ireland - 52.46%* 11

Dimensional Funds plc - Global Core Equity Fund - GBP Distributing Class 224 1.92

202 Dimensional Funds plc - Global Short Fixed Income Fund - GBP Distributing Class 2,046 17.55

181

Dimensional Funds plc - Global Short-Term Investment Grade Fixed Income Fund - GBP Distributing Class 1,815 15.56

110 Dimensional Funds plc - World Equity Fund - GBP Distributing Class 2,033 17.43

6,118 52.46

United Kingdom - 17.78% 196

Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 2,073 17.78

2,073 17.78


Face Value (000's)

Coupon Rate %

Maturity Date

Value (000's)

GBP


Government Bonds


649 United Kingdom Gilt 1.750 22/01/2017 650 5.57




374 United Kingdom Gilt 1.250 22/07/2018 381 3.27 14 United Kingdom

Treasury Bill 0.000 3/01/2017 14 0.12




Buy Amount (000's) Sell Amount (000's) Counterparty Date





Buy 222 EUR Sell 189 GBP State Street Bank 28/12/2016 (1) (0.01)

Unrealised Depreciation of Forward Currency Contracts (11) (0.09)

Net Unrealised Depreciation of Forward Currency Contracts – (0.09)% (30 November 2015: 0.00%) (11) (0.09)

Value (000's)

GBP


Cash and Cash Equivalents – 0.69% (30 November 2015: 0.00%) 80 0.69 Other Assets in Excess of Liabilities – 2.47% (30 November 2015: 7.36%) 289 2.47

Total Net Assets 11,662 100.00 – Amounts designated as “–“ are less than £500.




Current Assets 3.96

Total Assets 100.00

* As disclosed in Note 10, the investments in Investment Funds are related party investments and have been eliminated in the Company total. ^ UCITS Investment Funds.




Shares (000's)

Value (000's)

GBP


Investment Funds^

Ireland - 81.06%*

1,493

Dimensional Funds plc - Global Core Equity Fund - GBP Distributing Class 29,115 13.78

3,101

Dimensional Funds plc - Global Short Fixed Income Fund - GBP Distributing Class 31,418 14.87

2,508


487

Dimensional Funds plc - Global Targeted Value Fund - GBP Distributing Class 10,547 4.99

3,800

Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 37,884 17.93

2,007

Dimensional Funds plc - World Equity Fund - GBP Distributing Class 37,192 17.60

171,263 81.06


200 Dimensional Funds ICVC - Emerging Markets Core Equity Fund - GBP Income Class 6,346 3.00

3,002 Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 31,788 15.05

38,134 18.05










Unrealised Depreciation of Forward Currency Contracts (7) –

Net Unrealised Depreciation of Forward Currency Contracts – 0.00% (30 November 2015: Nil) (7) –

Value (000's)

GBP


Cash and Cash Equivalents – 0.55% (30 November 2015: 0.67%) 1,174 0.55 Other Assets in Excess of Liabilities – 0.34% (30 November 2015: (0.45)%) 721 0.34


– Amounts designated as “–“ are less than £500.



Current Assets 1.84

Total Assets 100.00





Shares (000's)

Value (000's)

GBP


Investment Funds^

Ireland - 70.51%* 3,734


2,032 Dimensional Funds plc - Global Short Fixed Income Fund - GBP Distributing Class 20,580 4.96

4,924


2,024 Dimensional Funds plc - Global Targeted Value Fund - GBP Distributing Class 43,846 10.57

3,312 Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 33,024 7.96

3,939 Dimensional Funds plc - World Equity Fund - GBP Distributing Class 72,980 17.59

292,534 70.51


Dimensional Funds ICVC - Emerging Markets Core Equity Fund - GBP Income Class 21,784 5.25

5,893 Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 62,408 15.04

1,848 Dimensional Funds ICVC - International Core Equity Fund - GBP Income Class 34,478 8.31

118,670 28.60









Buy 1,361 EUR Sell 1,163 GBP State Street Bank 28/12/2016 (10) –


Unrealised Depreciation of Forward Currency Contracts (10) –

Net Unrealised Depreciation of Forward Currency Contracts – 0.00% (30 November 2015: Nil) (10) –

Value (000's)

GBP


Cash and Cash Equivalents– 0.10% (30 November 2015: 0.70%) 427 0.10 Other Assets in Excess of Liabilities– 0.79% (30 November 2015: (0.20)%) 3,273 0.79


– Amounts designated as “–“ are less than £500.



Current Assets 1.27

Total Assets 100.00





Shares (000's)

Value (000's)

GBP


Investment Funds^

Ireland - 61.32%* 301


329


255 Dimensional Funds plc - Global Targeted Value Fund - GBP Distributing Class 5,530 16.49

317 Dimensional Funds plc - World Equity Fund - GBP Distributing Class 5,878 17.53

20,562 61.32


Dimensional Funds ICVC - Emerging Markets Core Equity Fund - GBP Income Class 2,393 7.14

315 Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 3,334 9.94

321 Dimensional Funds ICVC - International Core Equity Fund - GBP Income Class 5,986 17.85

49 Dimensional Funds ICVC - UK Core Equity Fund - GBP Income Class 664 1.98

12,377 36.91








Buy 222 EUR Sell 190 GBP State Street Bank 28/12/2016 (2) (0.01)


Unrealised Depreciation of Forward Currency Contracts (2) (0.01)

Net Unrealised Depreciation of Forward Currency Contracts – (0.01)% (30 November 2015: Nil) (2) (0.01)

Value (000's)

GBP


Cash and Cash Equivalents – 1.14% (30 November 2015: 4.79%) 383 1.14 Other Assets in Excess of Liabilities – 0.64% (30 November 2015 (4.36)%) 215 0.64

Total Net Assets 33,535 100.00 – Amounts designated as “–“ are less than £500.



Current Assets 3.28

Total Assets 100.00


World Equity Fund



Shares (000's)

Value (000's)

GBP


Common Stock

Australia – 2.27%


7 AGL Energy Ltd 85 0.01



31 ALS Ltd 112 0.01

6 Altium Ltd 31 –


6 Amaysim Australia Ltd 7 –

16 Amcor Ltd 131 0.03

116 AMP Ltd 321 0.05


2 AP Eagers Ltd 9 –

10 APA Group 48 0.01

23 APN News & Media Ltd 36 –

2 ARB Corp Ltd 20 –

30 Ardent Leisure Group 38 –



14 Asaleo Care Ltd 12 –

24 ASG Group Ltd 23 –

2 ASX Ltd 47 0.01

1 AUB Group Ltd 6 –

34 Aurizon Holdings Ltd 100 0.01


58 AusNet Services 50 0.01

13 Austal Ltd 15 –


35 Australian Agricultural Co Ltd 34 –

27 Australian Pharmaceutical Industries Ltd 30 –

4 Australian Property Systems Ltd 12 –

3 Auswide Bank Ltd 10 –


17 Aveo Group 31 –

68 AWE Ltd 24 –


7 Bapcor Ltd 22 –



1 Bega Cheese Ltd 4 –

3 Bellamy's Australia Ltd 22 –



– Blackmores Ltd 30 –

2 Blue Sky Alternative Investments Ltd 10 –



5 Boral Ltd (Insto placement) 16 –


5 Bradken Ltd 10 –


6 Breville Group Ltd 31 –

3 Brickworks Ltd 26 –

6 BT Investment Management Ltd 37 –

13 Cabcharge Australia Ltd 28 –


6 Cardno Ltd 3 –





3 CIMIC Group Ltd 53 0.01


15 Coca–Cola Amatil Ltd 86 0.01

Shares (000's)

Value (000's)

GBP



Australia – 2.27% (continued)

2 Cochlear Ltd 109 0.01


9 Collins Foods Ltd 31 –

14 Commonwealth Bank of Australia 646 0.08


2 Corporate Travel Management Ltd 22 –

13 Cover–More Group Ltd 10 –

2 Credit Corp Group Ltd 26 –

4 Crown Resorts Ltd 26 –

18 CSG Ltd 8 –

3 CSL Ltd 171 0.02

38 CSR Ltd 91 0.01

9 Data#3 Ltd 9 –

2 Domino's Pizza Enterprises Ltd 85 0.01



58 Duet Group 81 0.01



8 Elders Ltd 19 –







15 Finbar Group Ltd 8 –

28 FlexiGroup Ltd 38 –




5 Genworth Mortgage Insurance Australia Ltd 9 –


4 Greencross Ltd 14 –

5 GUD Holdings Ltd 30 –

16 GWA Group Ltd 27 –

9 Hansen Technologies Ltd 23 –




4 Hills Ltd 1 –





61 Infigen Energy 33 –



4 InvoCare Ltd 28 –


6 IRESS Ltd 40 0.01



8 James Hardie Industries PLC 104 0.01


4 JB Hi–Fi Ltd 73 0.01

10 Karoon Gas Australia Ltd 11 –



8 MACA Ltd 8 –

9 Macquarie Atlas Roads Group 26 –

11 Macquarie Group Ltd 556 0.07

World Equity Fund



Shares (000's)

Value (000's)

GBP





13 Mantra Group Ltd 23 –


5 McMillan Shakespeare Ltd 31 –



7 Melbourne IT Ltd 8 –







15 Monash IVF Group Ltd 17 –

10 Mortgage Choice Ltd 13 –



13 MYOB Group Ltd 26 –



10 Navitas Ltd 30 –


28 New South Resources Ltd 25 –



37 Nine Entertainment Co Holdings Ltd 20 –


7 Nufarm Ltd 36 –


23 Oil Search Ltd 88 0.01

26 Orica Ltd 264 0.04


11 Orocobre Ltd 29 –

61 Orora Ltd 99 0.01


6 Pact Group Holdings Ltd 22 –


26 Peet Ltd 15 –



9 Platinum Asset Management Ltd 30 –

4 Premier Investments Ltd 30 –


3 Pro Medicus Ltd 9 –

13 Programmed Maintenance Services Ltd 12 –





2 Ramsay Health Care Ltd 90 0.01


1 REA Group Ltd 45 0.01

1 Reece Ltd 30 –

4 Regis Healthcare Ltd 11 –

20 Regis Resources Ltd 32 –



3 Retail Food Group Ltd 12 –






Shares (000's)

Value (000's)

GBP





11 Seek Ltd 96 0.01

5 Select Harvests Ltd 19 –


1 Servcorp Ltd 6 –

4 Seven Group Holdings Ltd 19 –

84 Seven West Media Ltd 34 –

4 SG Fleet Group Ltd 8 –









77 South32 Ltd 122 0.03

42 Southern Cross Media Group Ltd 34 –



16 St Barbara Ltd 20 –





9 Sunland Group Ltd 8 –




9 Tassal Group Ltd 20 –


11 Technology One Ltd 38 –

27 Telstra Corp Ltd 79 0.01


21 TFS Corp Ltd 19 –


20 Tox Free Solutions Ltd 28 –

8 TPG Telecom Ltd 35 –




11 UGL Ltd 20 –

9 Villa World Ltd 12 –



5 Virtus Health Ltd 18 –



15 Wesfarmers Ltd 370 0.06

11 Western Areas Ltd 18 –


37 Westpac Banking Corp 676 0.1



10 Woolworths Ltd 138 0.03



17,362 2.27

Austria – 0.22%


9 Atrium European Real Estate Ltd 31 –

2 Austria Technologie & Systemtechnik AG 19 –

5 Buwog AG 92 0.01

World Equity Fund



Shares (000's)

Value (000's)

GBP



Austria – 0.22% (continued)



– DO & CO AG 12 –


2 EVN AG 16 –




– Oberbank AG 11 –

1 Oesterreichische Post AG 24 –

10 OMV AG 257 0.04

1 Palfinger AG 23 –

1 POLYTEC Holding AG 11 –

1 Porr Ag 17 –


1 RHI AG 23 –


4 S IMMO AG 30 –

– Schoeller–Bleckmann Oilfield Equipment AG 28 –

1 Semperit AG Holding 25 –

1 Strabag SE 14 –

7 Telekom Austria AG 32 –



2 Vienna Insurance Group AG Wiener Versicherung Gruppe 35 –



1 Zumtobel Group AG 12 –

1,712 0.22

Belgium – 0.47%

1 Ablynx NV 6 –


10 Ageas 306 0.04

14 AGFA–Gevaert NV 50 0.01

11 Anheuser–Busch InBev SA 900 0.12

– Atenor 4 –

– Banque Nationale de Belgique 21 –

1 Barco NV 55 0.01


3 bpost SA 59 0.01

– Celyad SA 5 –

– Cie d'Entreprises CFE 33 –








1 EVS Broadcast Equipment SA 26 –

1 Exmar NV 7 –

3 Fagron 25 –


2 Gimv NV 67 0.01

1 Ion Beam Applications 35 –


1 Kinepolis Group NV 20 –

– Lotus Bakeries 10 –

1 Melexis NV 28 –

6 Nyrstar NV 32 –



Shares (000's)

Value (000's)

GBP



Belgium – 0.47% (continued)

– Picanol 1 –



– Resilux 9 –

1 Sioen Industries NV 18 –

– Sipef SA 7 –




– ThromboGenics NV 1 –

2 UCB SA 112 0.01


– Van de Velde NV 19 –

2 Viohalco SA 2 –

3,567 0.47

Bermuda – —%

339 Hanny Holdings Ltd 16 –

– Nordic American Offshore Limited – –

16 –

Brazil – 0.69%

10 AES Tiete Energia SA 33 –

9 Aliansce Shopping Centers SA 31 –

6 Alupar Investimento SA 23 –

18 Ambev SA 72 0.01

11 Ambev SA, ADR 44 0.01

3 Arezzo Industria e Comercio SA 19 –

10 B2W Cia Digital 26 –

5 Banco Bradesco SA 31 –

24 Banco do Brasil SA 162 0.03

6 Banco Santander Brasil SA 40 0.01

8 BB Seguridade Participacoes SA 56 0.01 95

BM&FBovespa SA – Bolsa de Valores Mercadorias e Futuros 372 0.06

27 BR Malls Participacoes SA 68 0.01

1 Braskem SA, ADR 14 –

10 BRF SA 126 0.03

6 BTG Pactual Group 23 –

44 CCR SA 154 0.03

11 Centrais Eletricas Brasileiras SA 66 0.01

8 CETIP SA – Mercados Organizados 83 0.01 9

Cia de Saneamento Basico do Estado de Sao Paulo 65 0.01

2 Cia de Saneamento de Minas Gerais–COPASA 18 –

15 Cia Hering 58 0.01

58 Cia Siderurgica Nacional SA 168 0.03

9 Cielo SA 62 0.01

6 Cosan SA Industria e Comercio 57 0.01

6 CPFL Energia SA 36 –

4 CVC Brasil Operadora e Agencia de Viagens SA 24 – 19

Cyrela Brazil Realty SA Empreendimentos e Participacoes 41 0.01

– Dimed SA Distribuidora da Medicamentos 33 –

13 Direcional Engenharia SA 15 –

20 Duratex SA 32 –

14 EcoRodovias Infraestrutura e Logistica SA 26 –

16 EDP – Energias do Brasil SA 54 0.01

17 Embraer SA 66 0.01

4 Embraer SA, ADR 68 0.01

5 Engie Brasil Energia SA 44 0.01

7 Equatorial Energia SA 92 0.01

16 Estacio Participacoes SA 65 0.01

26 Even Construtora e Incorporadora SA 25 –

6 Ez Tec Empreendimentos e Participacoes SA 20 –

7 Fibria Celulose SA 53 0.01

World Equity Fund



Shares (000's)

Value (000's)

GBP



Brazil – 0.69% (continued)

5 Fleury SA 46 0.01

31 Gafisa SA 15 –

12 Gerdau SA 27 –

30 Gerdau SA, ADR 98 0.01

5 Grendene SA 20 –

1 Guararapes Confeccoes SA 13 –

12 Hypermarcas SA 71 0.01

4 Iguatemi Empresa de Shopping Centers SA 24 –

12 International Meal Co Alimentacao SA 16 –

7 Iochpe Maxion SA 21 –

4 Itau Unibanco Holding SA 26 –

34 JBS SA 79 0.01

4 JSL SA 10 –

2 Kepler Weber SA 8 –

7 Klabin SA 28 –

74 Kroton Educacional SA 250 0.03

7 Light SA 25 –

4 Linx SA 16 –

11 Localiza Rent a Car SA 87 0.01

8 Lojas Americanas SA 24 –

32 Lojas Renner SA 167 0.03

2 M Dias Branco SA 64 0.01

3 Magnesita Refratarios SA 16 –

4 Mahle–Metal Leve SA 18 –

25 Marfrig Global Foods SA 38 –

14 Mills Estruturas e Servicos de Engenharia SA 12 –

6 Minerva SA 17 –

23 MRV Engenharia e Participacoes SA 62 0.01

3 Multiplan Empreendimentos Imobiliarios SA 36 –

2 Multiplus SA 14 –

9 Natura Cosmeticos SA 53 0.01

14 Odontoprev SA 37 –


6 Porto Seguro SA 43 0.01

14 QGEP Participacoes SA 18 –

16 Qualicorp SA 71 0.01

7 Raia Drogasil SA 104 0.01

5 Restoque Comercio e Confeccoes de Roupas SA 5 –

24 Rumo Logistica Operadora Multimodal SA 36 –

16 Santos Brasil Participacoes SA 10 –

2 Sao Carlos Empreendimentos e Participacoes SA 10 –

4 Sao Martinho SA 51 0.01

5 SLC Agricola SA 17 –

2 Smiles SA 18 –

19 Sul America SA 83 0.01

27 TIM Participacoes SA 53 0.01

8 TOTVS SA 42 0.01

10 Transmissora Alianca de Energia Eletrica SA 43 0.01

8 Ultrapar Participacoes SA 129 0.02

13 Usinas Siderurgicas de Minas Gerais SA 26 –

18 Vale SA 117 0.02 5

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 29 –

11 Via Varejo SA 25 –

11 WEG SA 39 0.01

5,283 0.69

Canada – 3.11%

2 Absolute Software Corp 9 –



4 Aecon Group Inc 34 –

22 Africa Oil Corp 25 –

1 Ag Growth International Inc 27 –

Shares (000's)

Value (000's)

GBP




6 AGF Management Ltd 20 –


2 Agrium Inc 153 0.03

2 AGT Food & Ingredients Inc 35 –

9 Aimia Inc 44 0.01

2 Air Canada 18 –


18 Alacer Gold Corp 27 –





3 Alimentation Couche–Tard Inc 103 0.01


3 Altius Minerals Corp 25 –

2 Altus Group Ltd 41 0.01

6 Amaya Inc 70 0.01

3 Andrew Peller Ltd 22 –

9 ARC Resources Ltd 132 0.03


13 Asanko Gold Inc 35 –

2 Atco Ltd 55 0.01

20 Athabasca Oil Corp 16 –

5 ATS Automation Tooling Systems Inc 32 –




57 B2Gold Corp 110 0.01

1 Badger Daylighting Ltd 19 –


14 Bank of Nova Scotia 618 0.09

31 Banro Corp 5 –



1 BCE Inc 29 –



3 Bird Construction Inc 19 –



15 BlackPearl Resources Inc 16 –



2 Bonterra Energy Corp 37 –

3 Boralex Inc 34 –

4 Brookfield Asset Management Inc 114 0.01

1 BRP Inc 15 –

11 CAE Inc 126 0.03


1 Calian Group Ltd 10 –

2 Callidus Capital Corp 17 –


9 Canaccord Genuity Group Inc 22 –

10 Canacol Energy Ltd 27 –

7 Canadian Energy Services & Technology Corp 27 –

5 Canadian Imperial Bank of Commerce 346 0.06

5 Canadian National Railway Co 274 0.05

24 Canadian Natural Resources Ltd 645 0.09

1 Canadian Pacific Railway Ltd 78 0.01

2 Canadian Tire Corp Ltd 129 0.02

2 Canadian Utilities Ltd 39 0.01


4 Canam Group Inc 25 –

World Equity Fund



Shares (000's)

Value (000's)

GBP






3 Canfor Pulp Products Inc 20 –



38 Capstone Mining Corp 24 –

5 Cascades Inc 36 –

1 CCL Industries Inc 83 0.01




2 Cequence Energy Ltd – –




19 China Gold International Resources Corp Ltd 31 –




1 Cogeco Inc 18 –

2 Colliers International Group Inc 43 0.01

6 Computer Modelling Group Ltd 30 –


– Constellation Software Inc 91 0.01



12 Cott Corp 109 0.01






1 Descartes Systems Group Inc 23 –


6 DH Corp 64 0.01


2 DirectCash Payments Inc 24 –

2 Dollarama Inc 110 0.01




– E–L Financial Corp Ltd 15 –




1 Emera Inc 25 –


4 Enbridge Inc 140 0.02

– Enbridge Inc (US listing) 17 –






1 Enghouse Systems Ltd 35 –


1 Equitable Group Inc 32 –




3 Extendicare Inc 18 –



Shares (000's)

Value (000's)

GBP







10 First Majestic Silver Corp 69 0.01

1 First National Financial Corp 11 –



3 Fortis Inc 68 0.01

2 Fortis Incnada 42 0.01


1 Franco–Nevada Corp 52 0.01


2 Gamehost Inc 10 –


1 George Weston Ltd 83 0.01


3 Gildan Activewear Inc 58 0.01

1 Gluskin Sheff + Associates Inc 10 –






4 Great Canadian Gaming Corp 54 0.01

3 Great–West Lifeco Inc 71 0.01

1 Guardian Capital Group Ltd 20 –

2 Heroux–Devtek Inc 14 –









1 IMAX Corp 28 –


3 Imperial Oil Ltd 80 0.01

6 Industrial Alliance Insurance & Financial Services Inc 209 0.03

4 Innergex Renewable Energy Inc 36 –

1 Intact Financial Corp 69 0.01

5 Inter Pipeline Ltd 75 0.01

4 Interfor Corp 38 –


2 Intertape Polymer Group Inc 24 –



3 Jean Coutu Group PJC Inc 37 –

6 Just Energy Group Inc 25 –

5 Keyera Corp 122 0.02


4 Kirkland Lake Gold Inc 19 –



3 Labrador Iron Ore Royalty Corp 30 –






17 Lucara Diamond Corp 32 –



World Equity Fund



Shares (000's)

Value (000's)

GBP






– Mainstreet Equity Corp 8 –

7 Major Drilling Group International Inc 26 –





6 Martinrea International Inc 26 –

3 Medical Facilities Corp 27 –

4 MEG Energy Corp 15 –




6 Metro Inc 151 0.02

5 Mitel Networks Corp 30 –

– Morguard Corp 31 –

3 Morneau Shepell Inc 37 –

1 MTY Food Group Inc 35 –



12 Nevsun Resources Ltd 31 –




1 Norbord Inc 20 –

2 North West Co Inc 29 –


16 Northern Dynasty Minerals Ltd 15 –

4 Northland Power Inc 58 0.01



1 Onex Corp 59 0.01



7 Painted Pony Petroleum Ltd 37 –


– Paramount Resources Ltd 2 –



3 Pason Systems Inc 27 –




5 Peyto Exploration & Development Corp 91 0.01

– PHX Energy Services Corp 1 –




12 Potash Corp of Saskatchewan Inc 176 0.03

– PrairieSky Royalty Ltd 9 –


6 Premier Gold Mines Ltd 9 –

2 Premium Brands Holdings Corp 63 0.01



2 Pure Technologies Ltd 7 –



2 Reitmans Canada Ltd 9 –


2 Richelieu Hardware Ltd 28 –

5 Richmont Mines Inc 26 –

Shares (000's)

Value (000's)

GBP







8 Rogers Sugar Inc 29 –

14 Royal Bank of Canada (Canada listing) 741 0.1

3 Royal Bank of Canada (US listing) 145 0.02



11 Sandstorm Gold Ltd 34 –

13 Sandvine Corp 23 –



2 Seabridge Gold Inc 14 –




5 Seven Generations Energy Ltd 83 0.01



39 Sherritt International Corp 28 –

2 Sienna Senior Living Inc 16 –

2 Sierra Wireless Inc 27 –



6 SNC–Lavalin Group Inc 207 0.03


4 Sprott Inc 6 –


1 Stella–Jones Inc 24 –

46 Stornoway Diamond Corp 28 –

8 Student Transportation Inc 36 –


21 Suncor Energy Inc 544 0.07



21 Surge Energy Inc 35 –




1 TELUS Corp 27 –


2 Thomson Reuters Corp 86 0.01





22 Toronto–Dominion Bank 836 0.11





4 TransAlta Renewables Inc 31 –

10 TransCanada Corp 366 0.05





5 Trican Well Service Ltd 11 –


14 Trinidad Drilling Ltd 24 –


4 Uni–Select Inc 69 0.01

1 Valeant Pharmaceuticals International Inc 16 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




– Valeant Pharmaceuticals International Inc (US listing) 1 –

2 Valener Inc 28 –


3 Vermilion Energy Inc 105 0.01

1 Wajax Corp 16 –

4 Waste Connections Inc 242 0.03



27 Western Forest Products Inc 30 –




22 Wi–LAN Inc 23 –

1 Winpak Ltd 39 0.01



2 Yellow Pages Ltd 25 –

2 ZCL Composites Inc 14 –

23,825 3.11

Chile – 0.14%

44 AES Gener SA 12 –

47 Aguas Andinas SA 24 –

– Banco de Chile, ADR 21 –

1 Banco de Credito e Inversiones 55 0.02

3 Banco Santander Chile, ADR 52 0.02

10 Banmedica SA 16 –

25 Besalco SA 8 –

6 CAP SA 35 –

13 Cencosud SA 30 –

2 Cia Cervecerias Unidas SA 15 –

1 Cia Cervecerias Unidas SA, ADR 20 –

300 Cia Sud Americana de Vapores SA 6 –

206 Colbun SA 31 –


29 Empresas CMPC SA 47 0.01

6 Empresas COPEC SA 43 0.01

7 Enel Americas SA, ADR 48 0.01

7 Enel Chile SA, ADR 28 –

19 Enel Generacion Chile SA 9 –

1 Enel Generacion Chile SA, ADR 11 –

15 Engie Energia Chile SA 19 –

66 Grupo Security SA 19 –

23 Inversiones Aguas Metropolitanas SA 31 –

2 Inversiones La Construccion SA 16 –


1 Itau CorpBanca, ADR 11 –


53 Multiexport Foods SA 12 –

21 Parque Arauco SA 39 0.01

40 Ripley Corp SA 19 –

4 SACI Falabella 25 –

14 Salfacorp SA 8 –

169 Sociedad Matriz SAAM SA 11 –

2 Sociedad Quimica y Minera de Chile SA, ADR 36 –

22 SONDA SA 34 –

20 Vina Concha y Toro SA 25 –

1,096 0.14

China (Hong Kong) – 2.74%

38 361 Degrees International Ltd 12 –

14 AAC Technologies Holdings Inc 101 0.01

102 Agile Group Holdings Ltd 46 0.01

452 Agricultural Bank of China Ltd 151 0.03

Shares (000's)

Value (000's)

GBP



China (Hong Kong) – 2.74% (continued)


41 Ajisen China Holdings Ltd 14 –

40 Alibaba Health Information Technology Ltd 18 –

210 Alibaba Pictures Group Ltd 32 –

106 Aluminum Corp of China Ltd 38 –

34 AMVIG Holdings Ltd 10 –

60 Angang Steel Co Ltd 27 –

30 Anhui Conch Cement Co Ltd 68 0.01

18 Anhui Expressway Co Ltd 12 –

43 ANTA Sports Products Ltd 100 0.01

304 AVIC International Holding HK Ltd 16 –

16 AVIC International Holdings Ltd 7 –

66 AviChina Industry & Technology Co Ltd 36 –

72 BAIC Motor Corp Ltd 55 0.01

1,094 Bank of China Ltd 397 0.06

25 Bank of Chongqing Co Ltd 16 –

150 Bank of Communications Co Ltd 92 0.01

9 Baoxin Auto Group Ltd 2 –

24 Baoye Group Co Ltd 14 –

126 BBMG Corp 39 0.01


106 Beijing Capital Land Ltd 33 –

15 Beijing Enterprises Holdings Ltd 55 0.01

168 Beijing Enterprises Medical & Health Group Ltd 7 –

148 Beijing Enterprises Water Group Ltd 85 0.01

42 Beijing Jingneng Clean Energy Co Ltd 10 –

84 Beijing North Star Co Ltd 22 –

264 Beijing Properties Holdings Ltd 11 –


30 Best Pacific International Holdings Ltd 20 –

12 Biostime International Holdings Ltd 30 –

10 Bloomage BioTechnology Corp Ltd 13 –

13 Boer Power Holdings Ltd 5 –

140 Bosideng International Holdings Ltd 11 –

120 Brilliance China Automotive Holdings Ltd 134 0.03

9 BYD Co Ltd 43 0.01

47 BYD Electronic International Co Ltd 33 –

98 C C Land Holdings Ltd 22 –

55 Canvest Environmental Protection Group Co Ltd 20 –

60 CAR Inc 50 0.01

76 Central China Real Estate Ltd 15 –

95 Central China Securities Co Ltd 45 0.01

168 CGN Meiya Power Holdings Co Ltd 21 –

95 CGN Power Co Ltd 23 –

19 Changshouhua Food Co Ltd 8 –

46 Chaowei Power Holdings Ltd 34 –

88 China Aerospace International Holdings Ltd 9 –

146 China Agri–Industries Holdings Ltd 47 0.01

42 China All Access Holdings Ltd 11 –

71 China Aoyuan Property Group Ltd 13 –

186 China BlueChemical Ltd 34 –

264 China Cinda Asset Management Co Ltd 76 0.01

205 China CITIC Bank Corp Ltd 107 0.01

49 China Coal Energy Co Ltd 20 –

79 China Communications Construction Co Ltd 75 0.01

100 China Communications Services Corp Ltd 47 0.01

56 China Conch Venture Holdings Ltd 82 0.01


97 China Datang Corp Renewable Power Co Ltd 7 –

179 China Dongxiang Group Co Ltd 29 –

180 China Dynamics Holdings Ltd 5 –

52 China Eastern Airlines Corp Ltd 20 – 152

China Electronics Optics Valley Union Holding Co Ltd 13 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




79 China Everbright Bank Co Ltd 30 –

74 China Everbright International Ltd 72 0.01

64 China Everbright Ltd 103 0.01

306 China Evergrande Group 167 0.03

182 China Fiber Optic Network System Group Ltd 13 –

52 China Foods Ltd 18 –

92 China Galaxy Securities Co Ltd 72 0.01

92 China Gas Holdings Ltd 97 0.01

78 China Harmony New Energy Auto Holding Ltd 25 –

113 China Hongqiao Group Ltd 83 0.01

88 China Huishan Dairy Holdings Co Ltd 26 –

33 China Huiyuan Juice Group Ltd 10 – 25

China International Marine Containers Group Co Ltd 31 –

192 China Jinmao Holdings Group Ltd 41 0.01

69 China Lesso Group Holdings Ltd 40 0.01

32 China Life Insurance Co Ltd, Class H 74 0.01

24 China Lilang Ltd 11 –

92 China Longyuan Power Group Corp Ltd 58 0.01

360 China LotSynergy Holdings Ltd 11 –

29 China Machinery Engineering Corp 15 –

26 China Maple Leaf Educational Systems Ltd 13 –

75 China Medical System Holdings Ltd 100 0.01

69 China Mengniu Dairy Co Ltd 113 0.01

76 China Merchants Bank Co Ltd 150 0.03

64 China Merchants Land Ltd 8 –

68 China Merchants Port Holdings Co Ltd 137 0.03


98 China Mobile Ltd 851 0.11

194 China Modern Dairy Holdings Ltd 41 0.01

198 China National Building Material Co Ltd 80 0.01

65 China National Materials Co Ltd 12 –

264 China Oil & Gas Group Ltd 17 –


88 China Overseas Grand Oceans Group Ltd 26 –

104 China Overseas Land & Investment Ltd 239 0.04

35 China Overseas Property Holdings Ltd 5 –

8 China Pacific Insurance Group Co Ltd 26 –

732 China Petroleum & Chemical Corp 420 0.06

94 China Pioneer Pharma Holdings Ltd 27 –

126 China Power International Development Ltd 37 –

24 China Power New Energy Development Co Ltd 11 –

47 China Railway Construction Corp Ltd 53 0.01


252 China Rare Earth Holdings Ltd 16 –

82 China Resources Beer Holdings Co Ltd 138 0.03

138 China Resources Cement Holdings Ltd 47 0.01

50 China Resources Gas Group Ltd 118 0.03

98 China Resources Land Ltd 190 0.03 13

China Resources Phoenix Healthcare Holdings Co Ltd 16 –

56 China Resources Power Holdings Co Ltd 74 0.01

109 China SCE Property Holdings Ltd 29 –

53 China Shanshui Cement Group Ltd 6 –

111 China Shengmu Organic Milk Ltd 26 –

33 China Shenhua Energy Co Ltd 54 0.01

13 China Shineway Pharmaceutical Group Ltd 11 –

14 China Singyes Solar Technologies Holdings Ltd 5 –

162 China South City Holdings Ltd 30 –

142 China Southern Airlines Co Ltd 65 0.01

78 China State Construction International Holdings Ltd 101 0.02

141 China Suntien Green Energy Corp Ltd 15 –

89 China Taiping Insurance Holdings Co Ltd 162 0.03

106 China Telecom Corp Ltd 41 0.01

Shares (000's)

Value (000's)

GBP




14 China Tian Lun Gas Holdings Ltd 10 – 104

China Traditional Chinese Medicine Holdings Co Ltd 42 0.01

186 China Travel International Investment Hong Kong Ltd 43 0.01

350 China Unicom Hong Kong Ltd 338 0.05

42 China Vanke Co Ltd 102 0.02

54 China Water Affairs Group Ltd 31 –

100 China Water Industry Group Ltd 13 –

148 China Yurun Food Group Ltd 19 –

39 China ZhengTong Auto Services Holdings Ltd 9 –

85 China Zhongwang Holdings Ltd 31 –

66 Chinasoft International Ltd 26 –

152 Chongqing Machinery & Electric Co Ltd 15 –

175 Chongqing Rural Commercial Bank Co Ltd 87 0.02


148 CIFI Holdings Group Co Ltd 35 –

62 CIMC Enric Holdings Ltd 22 –

159 CITIC Ltd 195 0.04

354 CITIC Resources Holdings Ltd 38 –

29 CITIC Securities Co Ltd 53 0.01

114 Citychamp Watch & Jewellery Group Ltd 22 –

14 Clear Media Ltd 10 –

441 CNOOC Ltd 463 0.07

17 Cogobuy Group 21 –

91 Comba Telecom Systems Holdings Ltd 13 –

360 Concord New Energy Group Ltd 15 –

33 Consun Pharmaceutical Group Ltd 15 –

248 Coolpad Group Ltd 22 –

42 COSCO International Holdings Ltd 16 –

69 Cosco Shipping Development Co Ltd 13 –

80 COSCO Shipping Energy Transpor 38 –

55 COSCO Shipping Ports Ltd 46 0.01

45 Cosmo Lady China Holdings Co Ltd 14 –

373 Country Garden Holdings Co Ltd 167 0.03

464 CP Pokphand Co Ltd 44 0.01

24 CPMC Holdings Ltd 9 –

22 CRRC Corp Ltd 17 –

206 CSPC Pharmaceutical Group Ltd 177 0.03

166 CT Environmental Group Ltd 32 –

81 Dah Chong Hong Holdings Ltd 26 –

129 Dalian Port PDA Co Ltd 19 –

128 Daphne International Holdings Ltd 12 –

106 Datang International Power Generation Co Ltd 23 –

16 Dawnrays Pharmaceutical Holdings Ltd 8 –

142 Differ Group Holding Co Ltd 9 –

36 Digital China Holdings Ltd 23 –

11 Dongfang Electric Corp Ltd 7 –

74 Dongfeng Motor Group Co Ltd 60 0.01

12 Dongjiang Environmental 17 –

35 Dongyue Group Ltd 2 –

18 ENN Energy Holdings Ltd 66 0.01

64 EVA Precision Industrial Holdings Ltd 6 –

143 Fantasia Holdings Group Co Ltd 15 –

99 Far East Horizon Ltd 71 0.01

40 First Tractor Co Ltd 19 –

36 Fosun International Ltd 42 0.01

30 Fu Shou Yuan International Group Ltd 15 –

41 Fufeng Group Ltd 15 –

31 Fuguiniao Co Ltd 12 –

218 Fullshare Holdings Ltd 93 0.02

206 Future Land Development Holdings Ltd 30 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




20 Fuyao Glass Industry Group Co Ltd 49 0.01

933 GCL–Poly Energy Holdings Ltd 100 0.01

310 Geely Automobile Holdings Ltd 255 0.04

394 Gemdale Properties & Investment Corp Ltd 20 –

11 GF Securities Co Ltd 21 –

177 Glorious Property Holdings Ltd 21 –

40 Golden Eagle Retail Group Ltd 46 0.01

210 Golden Meditech Holdings Ltd 21 –

29 Goldlion Holdings Ltd 9 –

703 GOME Electrical Appliances Holding Ltd 73 0.01

60 Goodbaby International Holdings Ltd 22 –

47 Great Wall Motor Co Ltd 35 –

77 Greatview Aseptic Packaging Co Ltd 33 –

41 Greenland Hong Kong Holdings Ltd 9 –

33 Greentown China Holdings Ltd 22 –

42 Guangdong Investment Ltd 47 0.01

70 Guangshen Railway Co Ltd 30 –

10 Guangzhou Automobile Group Co Ltd 10 – 12

Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd 23 –

75 Guangzhou R&F Properties Co Ltd 76 0.01

30 Guolian Securities Co Ltd 13 –

61 Haichang Ocean Park Holdings Ltd 12 –

39 Haier Electronics Group Co Ltd 52 0.01

24 Haitian International Holdings Ltd 38 –

54 Haitong Securities Co Ltd 84 0.02

38 Harbin Bank Co Ltd 9 –

88 Harbin Electric Co Ltd 33 –

13 Hengan International Group Co Ltd 82 0.02

112 Hengdeli Holdings Ltd 10 –

102 Hi Sun Technology China Ltd 13 –

56 Hilong Holding Ltd 12 –

223 Honghua Group Ltd 18 –

1 Hopewell Highway Infrastructure Ltd – –

54 Hopson Development Holdings Ltd 39 0.01

48 HOSA International Ltd 13 –

462 Hua Han Health Industry Holdings Ltd 25 –


128 Huabao International Holdings Ltd 43 0.01

82 Huadian Fuxin Energy Corp Ltd 15 –

62 Huadian Power International Corp Ltd 21 –

44 Huaneng Power International Inc 22 –

316 Huaneng Renewables Corp Ltd 82 0.02

10 Huatai Securities Co Ltd 18 –

46 Huishang Bank Corp Ltd 19 –

82 Hydoo International Holding Ltd 6 –

1,701 Industrial & Commercial Bank of China Ltd 830 0.12

83 Intime Retail Group Co Ltd 55 0.01

98 Jiangnan Group Ltd 12 –

36 Jiangsu Expressway Co Ltd 38 –

79 Jiangxi Copper Co Ltd 96 0.02

176 Joy City Property Ltd 21 –

32 Ju Teng International Holdings Ltd 9 –

74 K Wah International Holdings Ltd 31 –

41 Kingboard Chemical Holdings Ltd 92 0.02

49 Kingboard Laminates Holdings Ltd 35 –

62 Kingdee International Software Group Co Ltd 21 –

156 Ko Yo Chemical Group Ltd 4 –

280 Kunlun Energy Co Ltd 163 0.03

76 KWG Property Holding Ltd 34 –

68 Lee & Man Paper Manufacturing Ltd 42 0.01

28 Lee's Pharmaceutical Holdings Ltd 20 –

398 Lenovo Group Ltd 197 0.04

190 Leyou Technologies Holdings Ltd 30 –

Shares (000's)

Value (000's)

GBP




62 Li Ning Co Ltd 37 –

54 Lianhua Supermarket Holdings Co Ltd 20 –


78 Lifetech Scientific Corp 16 –

3 Livzon Pharmaceutical Group Inc 13 –

60 Logan Property Holdings Co Ltd 20 –


104 Lonking Holdings Ltd 17 –

52 Luye Pharma Group Ltd 28 –

64 Maanshan Iron & Steel Co Ltd 13 –

72 Metallurgical Corp of China Ltd 21 –

17 Microport Scientific Corp 10 –

16 Min Xin Holdings Ltd 13 –

154 Mingfa Group International Co Ltd 11 –

166 Minmetals Land Ltd 17 –

40 Minth Group Ltd 105 0.01

136 MMG Ltd 30 –

554 Munsun Capital Group Ltd 13 –

7 New China Life Insurance Co Ltd 29 –

58 Nexteer Automotive Group Ltd 58 0.01

106 Nine Dragons Paper Holdings Ltd 74 0.01

550 North Mining Shares Co Ltd 10 –

72 Pacific Online Ltd 16 –

52 PAX Global Technology Ltd 28 –

420 Peace Map Holding Ltd 7 –

134 People's Insurance Co Group of China Ltd 45 0.01

356 PetroChina Co Ltd 194 0.04

40 Phoenix Satellite Television Holdings Ltd 6 –

130 PICC Property & Casualty Co Ltd 174 0.03

87 Ping An Insurance Group Co of China Ltd 382 0.06

2 Poly Culture Group Corp Ltd 4 –

130 Poly Property Group Co Ltd 32 –

156 Pou Sheng International Holdings Ltd 38 –

70 Powerlong Real Estate Holdings Ltd 16 –

50 PW Medtech Group Ltd 13 –

30 Qingdao Port International Co Ltd 13 –

40 Qingling Motors Co Ltd 10 –

17 Qinhuangdao Port Co Ltd 3 –

2 Qinqin Foodstuffs Group Cayman Co Ltd – –

79 Real Nutriceutical Group Ltd 5 –

60 Redco Properties Group Ltd 17 –

9 Red Star Macalline Group Corp Ltd 7 –

972 Renhe Commercial Holdings Co Ltd 20 –

525 REXLot Holdings Ltd 7 –

23 Road King Infrastructure Ltd 15 – 66

Sany Heavy Equipment International Holdings Co Ltd 9 –

1,046 Semiconductor Manufacturing International Corp 113 0.01

15 Shandong Chenming Paper Holdings Ltd 12 –

104 Shandong Weigao Group Medical Polymer Co Ltd 57 0.01

8 Shanghai Fosun Pharmaceutical Group Co Ltd 19 – 28

Shanghai Fudan–Zhangjiang Bio–Pharmaceutical Co Ltd 18 –

28 Shanghai Industrial Holdings Ltd 63 0.01

74 Shanghai Industrial Urban Development Group Ltd 16 – 82

Shanghai Jin Jiang International Hotels Group Co Ltd 18 –

24 Shanghai Pharmaceuticals Holding Co Ltd 48 0.01

29 Shengjing Bank Co Ltd 24 –

74 Shenguan Holdings Group Ltd 5 –

20 Shenzhen Expressway Co Ltd 15 –

49 Shenzhen International Holdings Ltd 58 0.01

177 Shenzhen Investment Ltd 62 0.01

10 Shenzhou International Group Holdings Ltd 49 0.01

World Equity Fund



Shares (000's)

Value (000's)

GBP




124 Shimao Property Holdings Ltd 129 0.03 166

Shougang Concord International Enterprises Co Ltd 5 –

268 Shougang Fushan Resources Group Ltd 46 0.01

286 Shui On Land Ltd 54 0.01

110 Shunfeng International Clean Energy Ltd 7 –

68 Sichuan Expressway Co Ltd 23 –

268 Sihuan Pharmaceutical Holdings Group Ltd 58 0.01

216 Sino Biopharmaceutical Ltd 118 0.03

825 Sino Oil And Gas Holdings Ltd 16 –

170 Sino–Ocean Group Holding Ltd 58 0.01

56 Sinofert Holdings Ltd 6 –

254 Sinolink Worldwide Holdings Ltd 24 –

55 Sinopec Engineering Group Co Ltd 38 –

64 Sinopec Kantons Holdings Ltd 23 –

80 Sinopec Shanghai Petrochemical Co Ltd 34 –

32 Sinopharm Group Co Ltd 119 0.03

10 Sinosoft Technology Group Ltd 4 –

121 Sinotrans Ltd 49 0.01

109 Sinotrans Shipping Ltd 19 –

30 Sinotruk Hong Kong Ltd 17 –

112 Skyworth Digital Holdings Ltd 56 0.01

204 SMI Holdings Group Ltd 16 –

147 SOHO China Ltd 62 0.01

43 Springland International Holdings Ltd 5 –

344 SRE Group Ltd 8 –

117 SSY Group Ltd 31 –

127 Sun Art Retail Group Ltd 86 0.02

109 Sunac China Holdings Ltd 66 0.01

25 Sunny Optical Technology Group Co Ltd 100 0.02

31 Sunshine 100 China Holdings Ltd 10 –

170 Symphony Holdings Ltd 12 –

114 TCC International Holdings Ltd 22 –

48 TCL Multimedia Technology Holdings Ltd 19 –

34 Technovator International Ltd 11 –

34 Tencent Holdings Ltd 675 0.1

57 Tenwow International Holdings Ltd 14 –

15 Texhong Textile Group Ltd 18 –

44 Tianjin Development Holdings Ltd 19 –

80 Tianjin Port Development Holdings Ltd 10 –

56 Tianneng Power International Ltd 40 0.01

55 Tibet Water Resources Ltd 18 –

98 Tingyi Cayman Islands Holding Corp 93 0.02

32 Tong Ren Tang Technologies Co Ltd 49 0.01

260 Tongda Group Holdings Ltd 61 0.01

52 Towngas China Co Ltd 22 –

108 TPV Technology Ltd 16 –

28 TravelSky Technology Ltd 47 0.01

78 Truly International Holdings Ltd 25 –

6 Tsingtao Brewery Co Ltd 19 –

59 Uni–President China Holdings Ltd 33 –

532 United Energy Group Ltd 16 –


44 Universal Health International Group Holding Ltd 2 – 29

Universal Medical Financial & Technical Advisory Services Co Ltd 22 –

208 V1 Group Ltd 7 –

9 Vinda International Holdings Ltd 14 –

249 Want Want China Holdings Ltd 127 0.03

22 Wasion Group Holdings Ltd 11 –


28 Weiqiao Textile Co 14 –

82 Welling Holding Ltd 13 –

52 West China Cement Ltd 4 –

Shares (000's)

Value (000's)

GBP




84 Xiamen International Port Co Ltd 14 –

68 Xingda International Holdings Ltd 22 –

22 Xinhua Winshare Publishing and Media Co Ltd 18 –

138 Xinyi Solar Holdings Ltd 38 –

57 Xtep International Holdings Ltd 20 –

450 Yanchang Petroleum International Ltd 10 –

13 Yangtze Optical Fibre and Cable Joint Stock Ltd Co 20 –


63 Yashili International Holdings Ltd 10 –

32 Yida China Holdings Ltd 11 –

69 Yingde Gases Group Co Ltd 22 –

398 Yuexiu Property Co Ltd 47 0.01

34 Yuexiu Transport Infrastructure Ltd 18 –

115 Yuzhou Properties Co Ltd 33 –

25 Zhaojin Mining Industry Co Ltd 18 –

32 Zhejiang Expressway Co Ltd 27 –

69 Zhongsheng Group Holdings Ltd 51 0.01

23 Zhuzhou CRRC Times Electric Co Ltd 100 0.02

42 Zijin Mining Group Co Ltd 11 – 101

Zoomlion Heavy Industry Science and Technology Co Ltd 37 –

20,956 2.74

Colombia – 0.05%

11 Almacenes Exito SA 40 0.01

5 Bancolombia SA 34 0.01

2 Bancolombia SA, ADR 61 0.02

19 Celsia SA ESP 19 –

6 Cementos Argos SA 18 –

6 Cemex Latam Holdings SA 17 –

2 Corp Financiera Colombiana SA 18 –

129 Ecopetrol SA 45 0.01

6 Grupo Argos SA 27 –

3 Grupo de Inversiones Suramericana SA 29 –

2 Grupo Nutresa SA 14 –

10 Interconexion Electrica SA ESP 27 –

349 0.05

Czech Republic – 0.01%

2 CEZ AS 30 0.01

1 Komercni banka as 26 –

3 O2 Czech Republic AS 22 –

– Pegas Nonwovens SA 9 –

2 Unipetrol AS 10 –

97 0.01

Denmark – 0.58%

– ALK–Abello AS 32 –

5 Alm Brand AS 30 –

1 Ambu AS 46 0.01

– AP Moeller – Maersk AS, Class A 46 0.01

– AP Moeller – Maersk AS, Class B 58 0.01

2 Bang & Olufsen AS 19 –

1 Bavarian Nordic AS 36 –

– Brodrene Hartmann AS 4 –



1 Coloplast AS 43 0.01

1 D/S Norden AS 9 –


2 Dfds AS 69 0.01

9 DSV AS 337 0.05


1 Genmab AS 137 0.02



World Equity Fund



Shares (000's)

Value (000's)

GBP



Denmark – 0.58% (continued)


1 IC Group AS 9 –

6 ISS AS 152 0.02



3 Matas AS 29 –



17 Novo Nordisk AS 449 0.07



1 Per Aarsleff Holding AS 24 –





1 RTX AS 8 –




– Solar AS 20 –



45 TDC AS 182 0.02


7 Tryg AS 94 0.01

– United International Enterprises 17 –




4,428 0.58

Egypt – —%

11 Commercial International Bank Egypt SAE, GDR 32 –

32 –

Finland – 0.61%

– Ahlstrom Oyj 2 –




1 Aspo Oyj 8 –

1 Atria Oyj 7 –

– BasWare Oyj 13 –




18 Citycon Oyj 33 –

9 Comptel Oyj 15 –

3 Cramo Oyj 59 0.01


3 F–Secure Oyj 8 –


2 Fiskars Oyj Abp 23 –






5 Kone Oyj 165 0.02


2 Lassila & Tikanoja Oyj 38 –



9 Neste Oyj 282 0.05

Shares (000's)

Value (000's)

GBP



Finland – 0.61% (continued)

51 Nokia Oyj 176 0.02


1 Olvi Oyj 16 –

12 Oriola–KD Oyj 46 0.01






1 Ponsse Oy 11 –

8 Raisio Oyj 24 –

6 Ramirent Oyj 35 –

7 Sampo Oyj 247 0.03

5 Sanoma Oyj 32 –

9 Sponda Oyj 31 –

3 Stockmann Oyj Abp 18 –


6 Technopolis Oyj 15 –

1 Teleste Oyj 10 –

4 Tieto Oyj 83 0.01


33 UPM–Kymmene Oyj 597 0.09


1 Vaisala Oyj 24 –



7 YIT Oyj 42 0.01

4,665 0.61

France – 2.32%

4 ABC arbitrage 24 –

3 Accor SA 96 0.01

1 Aeroports de Paris 45 0.01

6 Air France–KLM 27 –

3 Air Liquide SA 277 0.05

4 Airbus Group SE 191 0.02

1 Akka Technologies 22 –

1 Albioma SA 16 –

3 Alstom SA 67 0.01

1 Altamir 12 –

2 Alten SA 104 0.01


– APRIL SA 4 –


1 Assystem 24 –

4 Atos SE 290 0.05

– Aubay 10 –

– Ausy 10 –

21 AXA SA 390 0.06

1 Axway Software SA 15 –

2 Beneteau SA 22 –



– Boiron SA 22 –

– Bollore New – –

21 Bollore SA 55 0.01

1 Bonduelle SCA 20 –





2 Capgemini SA 112 0.01



World Equity Fund



Shares (000's)

Value (000's)

GBP



France – 2.32% (continued)

– Cegedim SA 8 –


1 CGG SA 11 –

2 Chargeurs SA 21 –

1 Christian Dior SE 88 0.01

11 Cie de Saint–Gobain 391 0.06


7 Cie Generale des Etablissements Michelin 596 0.09



5 Coface SA 22 –


3 Danone SA 160 0.02

– Dassault Aviation SA 10 –


9 Derichebourg SA 23 –

1 Devoteam SA 23 –

9 Edenred 150 0.02

3 Eiffage SA 142 0.02


– Electricite de Strasbourg SA 4 –


3 Elis SA 42 0.01

24 Engie SA 235 0.03

– Eramet 24 –



11 Etablissements Maurel et Prom 37 –

1 Euler Hermes Group 37 –

– Eurofins Scientific SE 72 0.01



– Exel Industries 9 –

– Faiveley Transport SA 16 –

6 Faurecia 160 0.02

– Gaztransport Et Technigaz SA 13 –

1 GL Events 9 –

– Groupe Crit 11 –



– Groupe Fnac SA (UK listing) 19 –

– Guerbet 23 –


9 Havas SA 61 0.01

– Hermes International 52 0.01

– ID Logistics Group 11 –

– Iliad SA 53 0.01

1 Imerys SA 44 0.01

1 Ingenico Group SA 89 0.01

1 Interparfums SA 14 –

1 Ipsen SA 74 0.01

3 IPSOS 58 0.01

2 Jacquet Metal Service 25 –

2 JCDecaux SA 48 0.01

– Kering 65 0.01

3 Korian SA 66 0.01

1 L'Oreal SA 180 0.02


– Le Belier 8 –


2 Lectra 22 –


– Linedata Services 14 –

Shares (000's)

Value (000's)

GBP




1 LISI 29 –

2 LVMH Moet Hennessy Louis Vuitton SE 362 0.06



– Mersen SA 7 –


1 MGI Coutier 18 –


– Naturex 24 –


2 Nexans SA 67 0.01

2 Nexity SA 63 0.01

2 Nicox 13 –

1 NRJ Group 9 –

2 Oeneo SA 13 –

46 Orange SA 537 0.08

1 Orpea 86 0.01

1 Pernod Ricard SA 81 0.01


– Pierre & Vacances SA 10 –

– Plastivaloire 12 –


2 Rallye SA 29 –

– Remy Cointreau SA 24 –


21 Rexel SA 258 0.03

1 Rothschild & Co 26 –


4 Safran SA 230 0.03

11 Sanofi 681 0.10

1 Sartorius Stedim Biotech 31 –

– Savencia SA 14 –


9 SCOR SE 233 0.03

2 SEB SA 170 0.02

– Seche Environnement SA 3 –

3 Sequana SA 4 –

2 SES SA 37 –

1 SFR Group SA 20 –

1 Societe BIC SA 67 0.01


– Societe pour l'Informatique Industrielle 5 –

1 Sodexo SA 108 0.01


– Somfy SA 9 –



– Stef SA 23 –


7 Suez 80 0.01








– Tessi SA 12 –

1 Thales SA 112 0.01



53 Total SA 2,003 0.27


World Equity Fund



Shares (000's)

Value (000's)

GBP





5 Valeo SA 225 0.03


6 Valneva SE 13 –

5 Veolia Environnement SA 72 0.01


1 Vicat SA 65 0.01

1 VIEL & Cie SA 3 –


5 Vinci SA 246 0.03

– Virbac SA 32 –


1 Worldline SA 23 –


17,771 2.32

Germany – 2.29%


2 adidas AG 254 0.03

1 ADLER Real Estate AG 9 –

3 ADVA Optical Networking SE 18 –

4 Aixtron SE 14 –


– Amadeus Fire AG 15 –



18 BASF SE 1,217 0.17

1 Bauer AG 6 –

5 Bayer AG 359 0.06


1 BayWa AG 24 –


1 Beiersdorf AG 46 0.01


– Bijou Brigitte AG 11 –


– Biotest AG 5 –

4 Borussia Dortmund GmbH & Co KGaA 17 –

1 BRAAS Monier Building Group SA 24 –


1 CANCOM SE 35 –

1 Carl Zeiss Meditec AG 29 –

1 CENIT AG 14 –



1 Clere AG 8 –

2 Comdirect Bank AG 17 –


1 CompuGroup Medical SE 35 –

6 Constantin Medien AG 9 –

1 Continental AG 168 0.02



23 Daimler AG 1,230 0.17


1 Deutsche Beteiligungs AG 23 –




6 Deutsche Pfandbriefbank AG 52 0.01

8 Deutsche Post AG 211 0.03

67 Deutsche Telekom AG 842 0.12


8 Deutz AG 37 –

Shares (000's)

Value (000's)

GBP





2 DIC Asset AG 13 –



1 Drillisch AG 35 –

2 Duerr AG 141 0.02

93 E.ON SE 487 0.07


2 ElringKlinger AG 20 –

7 Evotec AG 36 –





5 Fresenius SE & Co KGaA 303 0.04

1 Fuchs Petrolub SE 38 –




– Gesco AG 6 –

1 GFK SE 19 –

– GFT Technologies SE 7 –

1 Grammer AG 32 –

– Grenke AG 26 –

1 H&R GmbH & Co KGaA 14 –

2 Hamburger Hafen und Logistik AG 25 –

1 Hannover Rueck SE 91 0.01




– Henkel AG & Co KGaA 20 –

2 Highlight Communications AG 9 –





16 Infineon Technologies AG 211 0.03

– Isra Vision AG 22 –


14 K+S AG 221 0.03



1 Koenig & Bauer AG 31 –

7 Kontron AG 16 –

1 Krones AG 41 0.01

1 KUKA AG 88 0.01

– KWS Saat SE 34 –



– Leifheit AG 15 –

2 Leoni AG 48 0.01

2 Linde AG 268 0.05

– LPKF Laser & Electronics AG 2 –

– MAN SE 21 –

– Manz AG 11 –

1 Merck KGaA 117 0.02

13 Metro AG 304 0.05

4 MLP AG 16 –


2 Muenchener Rueckversicherungs–Gesellschaft AG in Muenchen 257 0.03

1 Nemetschek SE 33 –

1 Nexus AG 11 –

2 Nordex SE 37 –

World Equity Fund



Shares (000's)

Value (000's)

GBP







– Pfeiffer Vacuum Technology AG 30 –

8 PNE Wind AG 15 –


– Puma SE 34 –

10 Qiagen NV 219 0.03

9 QSC AG 16 –




2 RIB Software AG 23 –

– RTL Group SA 25 –

38 RWE AG 386 0.06

2 S&T AG 14 –

3 SAF–Holland SA 36 –


3 SAP SE 211 0.03

1 Schaltbau Holding AG 13 –

– SHW AG 12 –

8 Siemens AG 718 0.10

1 Sixt SE 50 0.01

– SMA Solar Technology AG 4 –


1 Stabilus SA 28 –


1 Stroeer SE & Co KGaA 36 –



1 Surteco SE 11 –



3 Takkt AG 46 0.01

3 Talanx AG 85 0.01

1 Technotrans AG 18 –





9 Uniper SE 92 0.01

4 United Internet AG 109 0.01




1 Vossloh AG 25 –

1 VTG AG 25 –


2 Wacker Neuson SE 24 –

1 Washtec AG 33 –

1 Wirecard AG 39 0.01

– XING AG 17 –

1 Zalando SE 23 –


17,541 2.29

Greece – 0.00%

2 Hellenic Exchanges – Athens Stock Exchange SA 7 –

7 –

Hong Kong – 1.03%

47 13 Holdings Ltd 12 –


94 AIA Group Ltd 457 0.07

42 Alco Holdings Ltd 10 –

Shares (000's)

Value (000's)

GBP



Hong Kong – 1.03% (continued)


108 Allied Properties HK Ltd 19 –

205 Applied Development Holdings Ltd 18 –








380 BEP International Holdings Ltd 22 –






10 Cafe de Coral Holdings Ltd 29 –


215 CGN Mining Co Ltd 14 –

18 Cheung Kong Property Holdings Ltd 100 0.01


456 China Energy Development Holdings Ltd 4 –

840 China LNG Group Ltd 16 –

320 China Medical & HealthCare Group Ltd 14 –



850 China Strategic Holdings Ltd 16 –

16 Chinese Estates Holdings Ltd 23 –

23 Chow Sang Sang Holdings International Ltd 34 –

43 Chow Tai Fook Jewellery Group Ltd 28 –

92 Chuang's Consortium International Ltd 15 –



306 CK Life Sciences Int'l Holdings Inc 23 –

9 CLP Holdings Ltd 66 0.01

53 CNQC International Holdings Ltd 15 – 138

Common Splendor International Health Industry Group Ltd 10 –



16 Cross–Harbour Holdings Ltd 18 –

510 CSI Properties Ltd 14 –


25 Dah Sing Banking Group Ltd 38 –


84 Dan Form Holdings Co Ltd 24 –

246 Emperor Capital Group Ltd 21 –


46 Emperor International Holdings Ltd 8 –


243 Enerchina Holdings Ltd 11 –


4 Fairwood Holdings Ltd 12 –

82 Far East Consortium International Ltd 29 –




260 Freeman FinTech Corp Ltd 13 –

2,154 G–Resources Group Ltd 33 –






World Equity Fund



Shares (000's)

Value (000's)

GBP






1 Guoco Group Ltd 9 –









15 Henderson Land Development Co Ltd 65 0.01 60

HK Electric Investments & HK Electric Investments Ltd 42 0.01

32 HKBN Ltd 29 –

41 HKR International Ltd 15 –


34 Hong Kong & China Gas Co Ltd 50 0.01


7 Hong Kong Exchanges & Clearing Ltd 143 0.03






208 Hsin Chong Construction Group Ltd 8 – 140

Hutchison Telecommunications Hong Kong Holdings Ltd 37 –


46 IGG Inc 29 –

70 IPE Group Ltd 12 –

36 IT Ltd 12 –





38 Kingmaker Footwear Holdings Ltd 8 –


200 Kong Sun Holdings Ltd 3 –

31 Kowloon Development Co Ltd 24 –

22 L'Occitane International SA 35 –

1,245 Lai Sun Development Co Ltd 19 –

860 Landing International Development Ltd 17 –

446 Li & Fung Ltd 156 0.03

36 Lifestyle International Holdings Ltd 37 –

20 Lippo Ltd 10 –

16 Liu Chong Hing Investment Ltd 18 –


78 Macau Legend Development Ltd 14 –


780 Mason Financial Holdings Ltd 15 –

362 Master Glory Group Ltd 17 –


22 MGM China Holdings Ltd 40 0.01


12 Miramar Hotel & Investment 22 –

17 MTR Corp Ltd 66 0.01




104 NewOcean Energy Holdings Ltd 23 –




Shares (000's)

Value (000's)

GBP




36 Pacific Textiles Holdings Ltd 33 –

215 PCCW Ltd 100 0.02





7 Power Assets Holdings Ltd 53 0.01

11 Prada SpA 30 –



230 Rentian Technology Holdings Ltd 12 –

72 Sa Sa International Holdings Ltd 26 –



14 Sands China Ltd 54 0.01

12 SEA Holdings Ltd 24 –

93 Shangri–La Asia Ltd 81 0.01

35 Shenwan Hongyuan HK Ltd 16 –

86 Shun Tak Holdings Ltd 25 –



59 SITC International Holdings Co Ltd 29 –








38 Sun Hung Kai & Co Ltd 19 –



18 Swire Pacific Ltd, Class B 25 –

10 Swire Properties Ltd 23 –

26 TAI Cheung Holdings Ltd 18 –





58 Texwinca Holdings Ltd 34 –

22 Tradelink Electronic Commerce Ltd 4 –







22 Vitasoy International Holdings Ltd 36 –

42 VST Holdings Ltd 11 –


228 WH Group Ltd 151 0.03





40 Wynn Macau Ltd 59 0.01


40 Yat Sing Holdings Ltd 16 –


7,890 1.03

World Equity Fund



Shares (000's)

Value (000's)

GBP



Hungary – 0.03%

30 Magyar Telekom Telecommunications PLC 40 0.01

2 MOL Hungarian Oil & Gas PLC 93 0.01

2 OTP Bank PLC 53 0.01

2 Richter Gedeon Nyrt 28 –

214 0.03

India – 1.19%

– 3M India Ltd 9 –

2 Aarti Industries 15 –

– Abbott India Ltd 10 –

2 ACC Ltd 33 –

22 Adani Enterprises Ltd 18 –

13 Adani Ports & Special Economic Zone Ltd 43 0.01

49 Adani Power Ltd 16 –

11 Aditya Birla Fashion and Retail Ltd 17 –

2 Aditya Birla Nuvo Ltd 30 –

9 Aegis Logistics Ltd 15 –

2 AIA Engineering Ltd 28 –

1 Ajanta Pharma Ltd 12 –

– Akzo Nobel India Ltd 8 –

1 Alembic Pharmaceuticals Ltd 8 –

22 Allahabad Bank 18 –

4 Allcargo Logistics Ltd 9 –

1 Amara Raja Batteries Ltd 14 –

18 Ambuja Cements Ltd 44 0.01

2 Apollo Hospitals Enterprise Ltd 35 –

20 Apollo Tyres Ltd 44 0.01

8 Arvind Ltd 35 –

17 Ashok Leyland Ltd 15 –

4 Asian Paints Ltd 48 0.01

1 Atul Ltd 21 –

8 Aurobindo Pharma Ltd 67 0.02

27 Axis Bank Ltd 146 0.03

2 Bajaj Auto Ltd 47 0.01

2 Bajaj Corp Ltd 10 –

5 Bajaj Finance Ltd 57 0.01

2 Bajaj Finserv Ltd 79 0.02

2 Bajaj Holdings & Investment Ltd 42 0.01

3 Balkrishna Industries Ltd 31 –

12 Balrampur Chini Mills Ltd 17 –

21 Bank of Baroda 40 0.01

24 Bank of India 34 –

2 Bata India Ltd 10 –

1 BEML Ltd 5 –

5 Berger Paints India Ltd 12 –

2 Bharat Electronics Ltd 33 –

4 Bharat Financial Inclusion Ltd 35 –

7 Bharat Forge Ltd 76 0.02

7 Bharat Heavy Electricals Ltd 11 –

4 Bharat Petroleum Corp Ltd 29 –

25 Bharti Airtel Ltd 95 0.02

3 Biocon Ltd 31 –

1 Birla Corp Ltd 11 –

– Blue Dart Express Ltd 6 –

– Bosch Ltd 12 –

– Britannia Industries Ltd 18 –

9 Cadila Healthcare Ltd 42 0.01

14 Cairn India Ltd 42 0.01

1 Can Fin Homes Ltd 22 –

5 Canara Bank 18 –

2 Capital First Ltd 16 –

6 Carborundum Universal Ltd 19 –

3 Castrol India Ltd 15 –

Shares (000's)

Value (000's)

GBP



India – 1.19% (continued)

2 Ceat Ltd 23 –

1 Century Textiles & Industries Ltd 10 –

5 CESC Ltd 32 –

18 Chennai Super Kings Cricket Ltd – –

2 Cholamandalam Investment and Finance Co Ltd 27 –

16 Cipla Ltd 107 0.02

3 Colgate–Palmolive India Ltd 35 –

2 Container Corp Of India Ltd 30 –

6 Coromandel International Ltd 19 –

5 Cox & Kings Ltd 10 –

1 Credit Analysis & Research Ltd 18 –

– CRISIL Ltd 13 –

12 Crompton Greaves Consumer Electricals Ltd 22 –

12 Crompton Greaves Ltd 11 –

2 Cummins India Ltd 16 –

1 Cyient Ltd 8 –

9 Dabur India Ltd 31 –

1 Dalmia Bharat Ltd 20 –

2 DB Corp Ltd 10 –

11 DCB Bank Ltd 15 –

7 DEN Networks Ltd 5 –

14 Dewan Housing Finance Corp Ltd 41 0.02

1 Dhanuka Agritech Ltd 11 –

12 Dish TV India Ltd 13 –

3 Divi's Laboratories Ltd 35 –

13 DLF Ltd 17 –

1 Dr Reddy's Laboratories Ltd 48 0.02

1 Dr Reddy's Laboratories Ltd, ADR 20 –

1 eClerx Services Ltd 16 –

18 Edelweiss Financial Services Ltd 21 –

– Eicher Motors Ltd 37 –

6 EID Parry India Ltd 17 –

9 EIH Ltd 11 –

1 Emami Ltd 12 –

8 Engineers India Ltd 26 –

9 Escorts Ltd 35 –

4 Essel Propack Ltd 13 –

3 Eveready Industries India Ltd 8 –

8 Exide Industries Ltd 17 –

– FAG Bearings India Ltd 9 –

46 Federal Bank Ltd 38 –

4 Finolex Cables Ltd 19 –

2 Finolex Industries Ltd 13 –

9 Fortis Healthcare Ltd 18 –

13 Future Enterprises Ltd 2 –

13 Future Retail Ltd 18 –

14 GAIL India Ltd 70 0.02

5 Gateway Distriparks Ltd 13 –

3 GE T&D India Ltd 12 –

3 GHCL Ltd 8 –

– Gillette India Ltd 20 –

– GlaxoSmithKline Consumer Healthcare Ltd 17 –

– GlaxoSmithKline Pharmaceuticals Ltd 14 –

6 Glenmark Pharmaceuticals Ltd 66 0.02

104 GMR Infrastructure Ltd 15 –

1 Godfrey Phillips India Ltd 11 –

3 Godrej Consumer Products Ltd 49 0.02

3 Godrej Industries Ltd 16 –

4 Godrej Properties Ltd 14 –

2 Great Eastern Shipping Co Ltd 7 –

5 Greaves Cotton Ltd 8 –

3 Greenply Industries Ltd 10 –

2 Grindwell Norton Ltd 8 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




5 GRUH Finance Ltd 19 –

4 Gujarat Alkalies & Chemicals Ltd 18 –

2 Gujarat Fluorochemicals Ltd 12 –

3 Gujarat Gas Ltd 18 –

15 Gujarat Mineral Development Corp Ltd 19 –

8 Gujarat Narmada Valley Fertilizers & Chemicals Ltd 19 –

5 Gujarat Pipavav Port Ltd 9 –

5 Gujarat State Petronet Ltd 10 –

4 Havells India Ltd 18 –

9 HCL Technologies Ltd 83 0.02

1 Hero MotoCorp Ltd 40 0.02

4 Hexaware Technologies Ltd 10 –

90 Himachal Futuristic Communications Ltd 13 –

57 Hindalco Industries Ltd 116 0.03

47 Hindustan Construction Co Ltd 19 –

6 Hindustan Petroleum Corp Ltd 34 –

3 Hindustan Unilever Ltd 30 –

19 Housing Development & Infrastructure Ltd 13 –

14 Housing Development Finance Corp Ltd 206 0.04

37 ICICI Bank Ltd 116 0.03

40 IDBI Bank Ltd 33 –

37 Idea Cellular Ltd 33 –

59 IFCI Ltd 16 –

9 IIFL Holdings Ltd 28 –

18 India Cements Ltd 25 –

12 Indiabulls Housing Finance Ltd 111 0.02

25 Indiabulls Real Estate Ltd 21 –

8 Indian Bank 23 –

17 Indian Hotels Co Ltd 20 –

8 Indian Oil Corp Ltd 29 –

48 Indian Overseas Bank 14 –

6 Indo Count Industries Ltd 11 –

3 Indraprastha Gas Ltd 24 –

4 IndusInd Bank Ltd 46 0.02

25 Infosys Ltd 288 0.05

6 Infosys Ltd, ADR 71 0.02

2 Ipca Laboratories Ltd 16 –

6 IRB Infrastructure Developers Ltd 14 –

26 ITC Ltd 71 0.02

5 Jagran Prakashan Ltd 11 –

21 Jain Irrigation Systems Ltd 22 –

136 Jaiprakash Associates Ltd 13 –

15 Jammu & Kashmir Bank Ltd 10 –

22 Jindal Steel & Power Ltd 18 –

19 JM Financial Ltd 16 –

41 JSW Energy Ltd 28 –

7 JSW Steel Ltd 131 0.03

– Jubilant Foodworks Ltd 5 –

4 Jubilant Life Sciences Ltd 33 –

3 Just Dial Ltd 13 –

2 Kajaria Ceramics Ltd 10 –

4 Kalpataru Power Transmission Ltd 10 –

3 Kansai Nerolac Paints Ltd 12 –

11 Karnataka Bank Ltd 14 –

7 Karur Vysya Bank Ltd 7 –

2 Kaveri Seed Co Ltd 11 –

11 KEC International Ltd 19 –

3 Kotak Mahindra Bank Ltd 24 –

6 KPIT Technologies Ltd 10 –

1 KPR Mill Ltd 10 –

5 KRBL Ltd 15 –

17 LIC Housing Finance Ltd 110 0.02

2 Lupin Ltd 34 –

Shares (000's)

Value (000's)

GBP




3 Magma Fincorp Ltd 3 –

18 Mahindra & Mahindra Financial Services Ltd 61 0.02

7 Mahindra & Mahindra Ltd 98 0.02

6 Mahindra CIE Automotive Ltd 14 –

2 Mahindra Holidays & Resorts India Ltd 9 –

19 Manappuram Finance Ltd 17 –

16 Mangalore Refinery & Petrochemicals Ltd 18 –

13 Marico Ltd 39 0.02

15 Marksans Pharma Ltd 8 –

1 Maruti Suzuki India Ltd 70 0.02

4 Max Financial Services Ltd 25 –

4 Max India Ltd 7 –

1 Max Ventures & Industries Ltd 1 –

8 McLeod Russel India Ltd 14 –

5 Mindtree Ltd 27 –

5 MOIL Ltd 20 –

7 Motherson Sumi Systems Ltd 26 –

3 Mphasis Ltd 20 –

– MRF Ltd 64 0.02

6 Muthoot Finance Ltd 22 –

46 National Aluminium Co Ltd 30 –

8 Navneet Education Ltd 11 –

22 NCC Ltd 20 –

– Nestle India Ltd 30 –

77 NHPC Ltd 25 –

3 NIIT Technologies Ltd 14 –

13 NTPC Ltd 25 –

4 Oberoi Realty Ltd 12 –

6 Oil & Natural Gas Corp Ltd 21 –

3 Oil India Ltd 14 –

– Oracle Financial Services Software Ltd 15 –

14 Oriental Bank of Commerce 20 –

– Page Industries Ltd 26 –

4 PC Jeweller Ltd 17 –

3 Persistent Systems Ltd 19 –

14 Petronet LNG Ltd 64 0.02

1 Pfizer Ltd 17 –

3 Phoenix Mills Ltd 12 –

1 PI Industries Ltd 10 –

2 Pidilite Industries Ltd 18 –

3 Piramal Enterprises Ltd 67 0.02

43 Power Finance Corp Ltd 66 0.02

6 Prestige Estates Projects Ltd 10 –

– Procter & Gamble Hygiene & Health Care Ltd 24 –

11 PTC India Ltd 9 –

14 Punjab National Bank 22 –

1 PVR Ltd 18 –

6 Rajesh Exports Ltd 35 –

3 Ramco Cements Ltd 24 –

2 Raymond Ltd 14 –

8 Redington India Ltd 9 –

7 Reliance Capital Ltd 37 –

48 Reliance Communications Ltd 21 –

21 Reliance Defence and Engineering Ltd 13 –

7 Reliance Industries Ltd 168 0.03

7 Reliance Infrastructure Ltd 38 –

33 Reliance Power Ltd 16 –

2 Repco Home Finance Ltd 12 –

33 Rural Electrification Corp Ltd 53 0.02

5 Sadbhav Engineering Ltd 15 –

– Sanofi India Ltd 20 –

2 Sharda Cropchem Ltd 10 –

– Shree Cement Ltd 12 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




1 Shriram City Union Finance Ltd 27 –

7 Shriram Transport Finance Co Ltd 70 0.02

1 Siemens Ltd 14 –

16 Sintex Industries Ltd 15 –

26 SITI Networks Ltd 11 –

1 SKF India Ltd 9 –

2 Sobha Ltd 5 –

68 South Indian Bank Ltd 17 –

12 Srei Infrastructure Finance Ltd 11 –

2 SRF Ltd 32 –

3 State Bank of Bikaner & Jaipur 21 –

1 State Bank of India 34 –

35 Steel Authority of India Ltd 21 –

19 Sterlite Technologies Ltd 21 –

2 Strides Shasun Ltd 21 –

7 Sun Pharmaceutical Industries Ltd 57 0.02

7 Sun TV Network Ltd 41 0.02

1 Sundaram Finance Ltd 20 –

5 Sundram Fasteners Ltd 18 –

4 Suprajit Engineering Ltd 9 –

3 Supreme Industries Ltd 33 –

131 Suzlon Energy Ltd 22 –

1 Symphony Ltd 9 –

7 Syndicate Bank 6 –

4 Tamil Nadu Newsprint & Papers Ltd 15 –

7 Tata Chemicals Ltd 38 –

5 Tata Communications Ltd 40 0.02

3 Tata Consultancy Services Ltd 68 0.02

1 Tata Elxsi Ltd 13 –

30 Tata Global Beverages Ltd 44 0.02

34 Tata Motors Ltd 181 0.03

28 Tata Power Co Ltd 24 –

17 Tata Steel Ltd 83 0.02

18 Tech Mahindra Ltd 103 0.02

5 THE KARNATAKA BANK 7 –

1 Thermax Ltd 11 –

2 Timken India Ltd 12 –

9 Titan Co Ltd 32 –

1 Torrent Pharmaceuticals Ltd 16 –

2 Torrent Power Ltd 3 –

4 Tube Investments of India Ltd 29 –

20 TV18 Broadcast Ltd 9 –

6 TVS Motor Co Ltd 26 –

13 UCO Bank 5 –

1 UltraTech Cement Ltd 43 0.02

3 Unichem Laboratories Ltd 10 –

8 Union Bank of India 14 –

243 Unitech Ltd 14 –

3 United Breweries Ltd 27 –

– United Spirits Ltd 11 –

17 UPL Ltd 128 0.03

2 VA Tech Wabag Ltd 12 –

5 Vakrangee Ltd 15 –

2 Vardhman Textiles Ltd 21 –

8 Vedanta Ltd 83 0.02

8 Videocon Industries Ltd 9 –

2 Vinati Organics Ltd 10 –

6 Voltas Ltd 24 –

11 Welspun Corp Ltd 10 –

14 Welspun India Ltd 11 –

1 Whirlpool of India Ltd 17 –

8 Wipro Ltd 46 0.02

2 Wockhardt Ltd 18 –

Shares (000's)

Value (000's)

GBP




13 Yes Bank Ltd 173 0.03

10 Zee Entertainment Enterprises Ltd 50 0.02

2 Zensar Technologies Ltd 20 –

9,075 1.19

Indonesia – 0.27%

409 Ace Hardware Indonesia Tbk PT 21 –

732 Adaro Energy Tbk PT 66 0.02

149 Adhi Karya Persero Tbk PT 17 –

62 AKR Corporindo Tbk PT 24 –

427 Alam Sutera Realty Tbk PT 10 –

467 Aneka Tambang Persero Tbk PT 27 –

20 Astra Agro Lestari Tbk PT 19 –

216 Astra International Tbk PT 96 0.02

391 Bank Bukopin Tbk 15 –

77 Bank Central Asia Tbk PT 65 0.02

10 Bank CIMB Niaga Tbk PT – –

177 Bank Danamon Indonesia Tbk PT 34 –

78 Bank Mandiri Persero Tbk PT 48 0.01

207 Bank Maybank Indonesia Tbk PT 4 –

138 Bank Negara Indonesia Persero Tbk PT 42 0.01

166 Bank Pan Indonesia Tbk PT 7 – 310

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 28 –

163 Bank Rakyat Indonesia Persero Tbk PT 105 0.02

214 Bank Tabungan Negara Persero Tbk PT 21 –

233 Barito Pacific Tbk PT 22 –

64 Blue Bird Tbk PT 11 –

377 Bumi Serpong Damai Tbk PT 38 –

146 Charoen Pokphand Indonesia Tbk PT 27 –

673 Ciputra Development Tbk PT 54 0.02

91 Ciputra Surya Tbk PT 15 –

702 Delta Dunia Makmur Tbk PT 21 –

460 Eagle High Plantations Tbk PT 6 –

280 Gajah Tunggal Tbk PT 17 –

414 Global Mediacom Tbk PT 14 –

6 Gudang Garam Tbk PT 24 –

2,621 Hanson International Tbk PT 26 –

174 Indah Kiat Pulp & Paper Corp Tbk PT 10 –

14 Indo Tambangraya Megah Tbk PT 13 –

62 Indocement Tunggal Prakarsa Tbk PT 58 0.02

55 Indofood CBP Sukses Makmur Tbk PT 28 –

234 Indofood Sukses Makmur Tbk PT 105 0.02

675 Intiland Development Tbk PT 20 –

350 Japfa Comfeed Indonesia Tbk PT 34 –

65 Jasa Marga Persero Tbk PT 16 –

196 Kalbe Farma Tbk PT 17 –

67 Link Net Tbk PT 20 –

57 Lippo Cikarang Tbk PT 18 –

956 Lippo Karawaci Tbk PT 43 0.01

52 Matahari Department Store Tbk PT 44 0.01

148 Medco Energi Internasional Tbk PT 11 –

145 Media Nusantara Citra Tbk PT 15 –

34 Mitra Adiperkasa Tbk PT 10 –

1,192 MNC Investama Tbk PT 10 –

567 Modernland Realty Tbk PT 12 –

430 Multipolar Tbk PT 8 –

1,085 Pakuwon Jati Tbk PT 44 0.02

553 Panin Financial Tbk PT 6 –

92 Pembangunan Perumahan Persero Tbk PT 23 –

206 Perusahaan Gas Negara Persero Tbk 32 – 202

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 22 –

331 Ramayana Lestari Sentosa Tbk PT 23 –

112 Semen Indonesia Persero Tbk PT 59 0.02

World Equity Fund



Shares (000's)

Value (000's)

GBP



Indonesia – 0.27% (continued)

903 Sri Rejeki Isman Tbk PT 13 –

1,300 Sugih Energy Tbk PT 8 –

104 Sumber Alfaria Trijaya Tbk PT 3 –

314 Summarecon Agung Tbk PT 26 –

104 Surya Citra Media Tbk PT 15 –

298 Surya Semesta Internusa Tbk PT 9 –

53 Tambang Batubara Bukit Asam Persero Tbk PT 37 –

3 Telekomunikasi Indonesia Persero Tbk PT, ADR 60 0.02

176 Tiga Pilar Sejahtera Food Tbk 19 –

390 Timah Persero Tbk PT 28 –

74 Tower Bersama Infrastructure Tbk PT 24 –

18 Ultrajaya Milk Industry & Trading Co Tbk PT 5 –

7 Unilever Indonesia Tbk PT 17 –

98 United Tractors Tbk PT 121 0.03

87 Vale Indonesia Tbk PT 17 –

754 Visi Media Asia Tbk PT 12 –

166 Wijaya Karya Persero Tbk PT 24 –

179 XL Axiata Tbk PT 24 –

2,087 0.27

Ireland – 0.30%

1 Adient PLC 55 0.01



14 CRH PLC 378 0.05

2 Datalex PLC 7 –




107 Independent News & Media PLC 10 –

8 Irish Continental Group PLC 28 –

– Kenmare Resources PLC – –

3 Kerry Group PLC 155 0.02



8 Permanent TSB Group Holdings PLC 17 –


2,309 0.30

Israel – 0.22%

1 ADO Group Ltd 7 –

1 Africa Israel Properties Ltd 11 –

3 Airport City Ltd 23 –


1 Alrov Properties and Lodgings Ltd 8 –

7 Amot Investments Ltd 24 –

3 Ashtrom Properties Ltd 10 –


1 Azrieli Group Ltd 31 –


25 Bank Leumi Le–Israel BM 81 0.02

– Bayside Land Corp 11 –

25 Bezeq The Israeli Telecommunication Corp Ltd 37 –

– Big Shopping Centers Ltd 15 –

– Blue Square Real Estate Ltd 12 –

– Brack Capital Properties NV 12 –

1 Cellcom Israel Ltd (Israel listing) 8 –

2 Cellcom Israel Ltd (US listing) 11 –

5 Ceragon Networks Ltd 9 –

1 Clal Insurance Enterprises Holdings Ltd 12 –

2 Delek Automotive Systems Ltd 12 –

– Delek Group Ltd 16 –

1 Delta–Galil Industries Ltd 18 –

30 El Al Israel Airlines 19 –

1 Elbit Systems Ltd 58 0.02

Shares (000's)

Value (000's)

GBP



Israel – 0.22%(continued)

– Electra Ltd 10 –

3 First International Bank Of Israel Ltd 28 –

1 Formula Systems 1985 Ltd 23 –

1 Frutarom Industries Ltd 37 –


– Hadera Paper Ltd 8 – 8

Harel Insurance Investments & Financial Services Ltd 28 –

1 Hilan Ltd 10 –

– IDI Insurance Co Ltd 16 –

12 Israel Chemicals Ltd 38 –


1 Jerusalem Oil Exploration 20 –

2 Kenon Holdings Ltd 11 –

8 Magic Software Enterprises Ltd 47 0.02


1 Melisron Ltd 20 –





– Nice Ltd 7 –

1 Nice Ltd, ADR 38 0.01

2 Nova Measuring Instruments Ltd 16 –

57 Oil Refineries Ltd 17 –

1 Paz Oil Co Ltd 69 0.02

6 Phoenix Holdings Ltd 15 –

1 Sapiens International Corp NV 11 –

15 Shikun & Binui Ltd 22 –

6 Shufersal Ltd 19 –

1 Strauss Group Ltd 18 –


5 Teva Pharmaceutical Industries Ltd, ADR 165 0.03

1 Tower Semiconductor Ltd 18 –

1,657 0.22

Italy – 0.85%

88 A2A SpA 84 0.01

2 ACEA SpA 21 –

4 Amplifon SpA 29 –


2 Ansaldo STS SpA 18 –




3 Astaldi SpA 10 –


6 Autogrill SpA 37 –






– Banca Monte dei Paschi di Siena SpA 9 –





1 Biesse SpA 22 –



1 Brunello Cucinelli SpA 15 –



World Equity Fund



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Value (000's)

GBP



Italy – 0.85% (continued)



30 CIR–Compagnie Industriali Riunite SpA 24 –


6 Credito Emiliano SpA 25 –

60 Credito Valtellinese SC 15 –



2 Datalogic SpA 21 –

16 Davide Campari–Milano SpA 123 0.02





1 El.En. SpA 24 –

59 Enel SpA 189 0.02

52 Eni SpA 577 0.09

5 ERG SpA 39 0.01



3 Ferrari NV 138 0.02


30 Fincantieri SpA 10 –


5 Geox SpA 8 –



29 Hera SpA 48 0.01

1 Industria Macchine Automatiche SpA 30 –



34 Iren SpA 40 0.01

4 Italgas SpA 12 –

– Italmobiliare SpA 16 –


18 Leonardo–Finmeccanica SpA 186 0.02

1 Luxottica Group SpA 49 0.01


1 MARR SpA 21 –



5 Moleskine SpA 9 –


7 OVS SpA 31 –


13 Piaggio & C SpA 16 –



– Reply SpA 23 –

2 SAES Getters SpA 14 –


258 Saipem SpA 93 0.01


2 Salvatore Ferragamo SpA 38 –


15 Snai SpA 15 –

22 Snam SpA 67 0.01


5 Societa Iniziative Autostradali e Servizi SpA 34 –

4 Sogefi SpA 8 –

3 SOL SpA 21 –

4 Tamburi Investment Partners SpA 12 –


Shares (000's)

Value (000's)

GBP



Italy – 0.85% (continued)

5 Tenaris SA 62 0.01



1 Tod's SpA 44 0.01






2 Vittoria Assicurazioni SpA 18 –

2 Yoox Net–A–Porter Group SpA 47 0.01

6,521 0.85

Japan – 8.75%

24 77 Bank Ltd 92 0.01

– ABC–Mart Inc 19 –

3 Accordia Golf Co Ltd 29 –


3 Acom Co Ltd 11 –



2 Advan Co Ltd 12 –

5 Advantest Corp 54 0.01

24 Aeon Co Ltd 261 0.04

2 Aeon Delight Co Ltd 35 –

1 Aeon Fantasy Co Ltd 24 –


4 Aeon Mall Co Ltd 46 0.01


2 Ai Holdings Corp 30 –


1 Aichi Bank Ltd 23 –

3 Aichi Corp 16 –

1 Aichi Steel Corp 22 –

– Aichi Tokei Denki Co Ltd 10 –

5 Aida Engineering Ltd 35 –




2 Aisan Industry Co Ltd 12 –



5 Ajinomoto Co Inc 71 0.01

8 Akebono Brake Industry Co Ltd 17 –

10 Akita Bank Ltd 26 –

1 Albis Co Ltd 14 –



2 Alinco Inc 11 –

1 Alpen Co Ltd 20 –

1 Alpha Systems Inc 9 –



1 Altech Corp 13 –



1 Amiyaki Tei Co Ltd 14 –

1 Amuse Inc 14 –

9 ANA Holdings Inc 20 –

2 Anest Iwata Corp 14 –

1 Anicom Holdings Inc 19 –


– AOI Electronics Co Ltd 6 –

3 AOKI Holdings Inc 30 –

World Equity Fund



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Value (000's)

GBP



Japan – 8.75% (continued)

11 Aomori Bank Ltd 29 –



1 Arakawa Chemical Industries Ltd 9 –

1 Arata Corp 10 –

2 Arcland Sakamoto Co Ltd 23 –

2 Arcs Co Ltd 29 –

1 Argo Graphics Inc 11 –

– Ariake Japan Co Ltd 16 –



– As One Corp 7 –

3 Asahi Diamond Industrial Co Ltd 19 –



2 Asahi Holdings Inc 23 –



1 Asahi Kogyosha Co Ltd 12 –



2 Asatsu–DK Inc 47 0.01

5 Asics Corp 82 0.01


– ASKUL Corp 9 –


1 Ateam Inc 19 –

2 Atom Corp 11 –





1 Axial Retailing Inc 22 –

2 Azbil Corp 35 –


3 Bando Chemical Industries Ltd 21 –

1 Bank of Iwate Ltd 26 –


1 Bank of Nagoya Ltd 30 –


14 Bank of Saga Ltd 27 –

1 Bank of the Ryukyus Ltd 10 –

1 Belc Co Ltd 17 –

4 Belluna Co Ltd 16 –

1 Benefit One Inc 13 –

4 Benesse Holdings Inc 87 0.01


– Biofermin Pharmaceutical Co Ltd 8 –

1 BML Inc 22 –


11 Bridgestone Corp 343 0.05



3 Bunka Shutter Co Ltd 18 –

– C Uyemura & Co Ltd 13 –


1 Calbee Inc 23 –


1 Canon Electronics Inc 17 –

11 Canon Inc 249 0.04

2 Canon Marketing Japan Inc 29 –



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GBP




1 Cawachi Ltd 25 –


1 Central Japan Railway Co 112 0.01

1 Central Sports Co Ltd 11 –



1 Chiyoda Co Ltd 15 –



2 Chofu Seisakusho Co Ltd 28 –


7 Chubu Electric Power Co Inc 82 0.01

3 Chubu Shiryo Co Ltd 22 –



1 Chugai Pharmaceutical Co Ltd 14 –



4 Chugoku Electric Power Co Inc 37 –

3 Chugoku Marine Paints Ltd 17 –


1 Ci:z Holdings Co Ltd 12 –


3 CKD Corp 27 –

9 Clarion Co Ltd 24 –


1 CMIC Holdings Co Ltd 12 –

7 CMK Corp 30 –

4 Coca–Cola East Japan Co Ltd 66 0.01

4 Coca–Cola West Co Ltd 84 0.01

1 cocokara fine Inc 24 –

5 COLOPL Inc 31 –

2 Colowide Co Ltd 20 –

1 Computer Engineering & Consulting Ltd 15 –




3 COOKPAD Inc 20 –

2 Corona Corp 18 –



– Cosmos Pharmaceutical Corp 29 –

3 Create Restaurants Holdings Inc 19 –

2 Create SD Holdings Co Ltd 26 –


1 Cresco Ltd 11 –



4 D.A. Consortium Holdings Inc 22 –



2 Dai–Dan Co Ltd 13 –

11 Dai–ichi Life Holdings Inc 148 0.03

3 Daibiru Corp 22 –


2 Daido Metal Co Ltd 15 –


3 Daidoh Ltd 7 –


5 Daihen Corp 25 –

4 Daiho Corp 16 –


1 Daiichi Kigenso Kagaku–Kogyo Co Ltd 16 –

World Equity Fund



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Value (000's)

GBP







4 Daiki Aluminium Industry Co Ltd 14 –

2 Daikin Industries Ltd 151 0.03

13 Daikyo Inc 22 –

4 Daikyonishikawa Corp 38 – 5

Dainichiseika Color & Chemicals Manufacturing Co Ltd 21 –

4 Daio Paper Corp 35 –

2 Daisan Bank Ltd 19 –

2 Daiseki Co Ltd 31 –



1 Daito Trust Construction Co Ltd 108 0.01


2 Daiwa Industries Ltd 12 –


12 Daiwabo Holdings Co Ltd 25 –


4 DeNA Co Ltd 89 0.01


4 Denki Kogyo Co Ltd 16 –




3 Descente Ltd 26 –

6 DIC Corp 159 0.03


2 Digital Garage Inc 21 –

1 Dip Corp 20 –

1 Disco Corp 86 0.01

6 DKS Co Ltd 15 –


1 Don Quijote Holdings Co Ltd 43 0.01

2 Doshisha Co Ltd 22 –

2 Doutor Nichires Holdings Co Ltd 31 –


1 DTS Corp 23 –



1 Dydo Drinco Inc 24 –

2 Eagle Industry Co Ltd 18 –



1 Eco's Co Ltd 8 –

5 EDION Corp 36 –

1 eGuarantee Inc 9 –

3 Ehime Bank Ltd 25 –

8 Eighteenth Bank Ltd 19 –

1 Eiken Chemical Co Ltd 21 –

1 Eisai Co Ltd 31 –

1 Eizo Corp 29 –

2 Elecom Co Ltd 22 –

1 Electric Power Development Co Ltd 25 –


1 en–japan Inc 16 –



3 EPS Holdings Inc 25 –

1 eRex Co Ltd 14 –

2 ESPEC Corp 16 –

2 Exedy Corp 38 –

1 Ezaki Glico Co Ltd 34 –

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Value (000's)

GBP






1 FANUC Corp 148 0.03

– Fast Retailing Co Ltd 103 0.01

2 FCC Co Ltd 34 –

2 Ferrotec Corp 22 –



3 Financial Products Group Co Ltd 17 –

1 FINDEX Inc 8 –

1 Foster Electric Co Ltd 21 –

1 FP Corp 56 0.01



1 Fuji Co Ltd 17 –




3 Fuji Kyuko Co Ltd 22 –


4 Fuji Media Holdings Inc 43 0.01




1 Fuji Seal International Inc 36 –

2 Fuji Soft Inc 34 –

1 Fujibo Holdings Inc 23 –




2 Fujikura Rubber Ltd 10 –

2 Fujimi Inc 25 –

1 Fujimori Kogyo Co Ltd 18 –

6 Fujita Kanko Inc 14 –

3 Fujitec Co Ltd 28 –





1 Fukuda Denshi Co Ltd 22 –

17 Fukui Bank Ltd 34 –



1 Fukushima Industries Corp 21 –

7 Fukuyama Transporting Co Ltd 31 –

3 Fumakilla Ltd 14 –



15 Furukawa Co Ltd 22 –




1 Fuso Chemical Co Ltd 16 –


2 Futaba Corp 28 –

6 Futaba Industrial Co Ltd 29 –


1 Fuyo General Lease Co Ltd 38 –

1 G–7 Holdings Inc 10 –

2 G–Tekt Corp 30 –


2 GCA Corp 14 –

1 Gecoss Corp 3 –

World Equity Fund



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Value (000's)

GBP




1 Genky Stores Inc 28 –

2 Geo Holdings Corp 20 –


3 Glory Ltd 82 0.01


– GMO Payment Gateway Inc 13 –

1 Genky Stores Inc 28 –

1 Godo Steel Ltd 17 –

1 Goldcrest Co Ltd 21 –

5 Gree Inc 22 –


1 Gun–Ei Chemical Industry Co Ltd 17 –

17 GungHo Online Entertainment Inc 30 –


5 Gunze Ltd 13 –

2 Gurunavi Inc 26 –

1 H–One Co Ltd 11 –



1 Hagiwara Electric Co Ltd 12 –

2 Hakuhodo DY Holdings Inc 18 –


1 Halows Co Ltd 12 –

1 Hamakyorex Co Ltd 14 –

1 Hamamatsu Photonics KK 15 –



2 Happinet Corp 18 –

1 Harmonic Drive Systems Inc 21 –




3 Heiwa Real Estate Co Ltd 37 –

2 Heiwado Co Ltd 26 –

1 HI–LEX CORP 26 –


1 Hiday Hidaka Corp 11 –

1 Hikari Tsushin Inc 43 0.01


1 Hirano Tecseed Co Ltd/Kinzoku 9 –

– Hirose Electric Co Ltd 19 –





1 Hisamitsu Pharmaceutical Co Inc 23 –




3 Hitachi High–Technologies Corp 96 0.01

3 Hitachi Koki Co Ltd 19 –

2 Hitachi Kokusai Electric Inc 29 –






2 Hochiki Corp 15 –


1 Hogy Medical Co Ltd 33 –


4 Hokkan Holdings Ltd 11 –


Shares (000's)

Value (000's)

GBP




1 Hokuetsu Bank Ltd 16 –


7 Hokuetsu Kishu Paper Co Ltd 34 –


4 Hokuriku Electric Power Co 34 –

2 Hokuto Corp 23 –



5 Hoosiers Holdings 19 –


– Hoshizaki Corp 27 –

3 Hosiden Corp 22 –



2 Hoya Corp 71 0.01

4 Hulic Co Ltd 30 –




2 IBJ Leasing Co Ltd 29 –

– Ichibanya Co Ltd 3 –

9 Ichigo Inc 27 –

3 Ichiken Co Ltd 9 –


2 Ichiyoshi Securities Co Ltd 12 –

1 Icom Inc 7 –

1 Idec Corp 9 –


5 IDOM Inc 19 –

2 Ihara Chemical Industry Co Ltd 15 –

95 IHI Corp 214 0.04


7 Iino Kaiun Kaisha Ltd 20 –


1 Inaba Denki Sangyo Co Ltd 38 –

1 Inaba Seisakusho Co Ltd 10 –

3 Inabata & Co Ltd 23 –

1 Inageya Co Ltd 14 –

2 Infocom Corp 21 –

2 Infomart Corp 18 –

1 Information Services International–Dentsu Ltd 14 –



3 Internet Initiative Japan Inc 29 –


1 Iriso Electronics Co Ltd 29 –

15 Iseki & Co Ltd 24 –


2 Ishihara Sangyo Kaisha Ltd 14 –


3 Ito En Ltd 72 0.01


3 Itochu Enex Co Ltd 21 –

2 Itochu Techno–Solutions Corp 39 0.01

– Itochu–Shokuhin Co Ltd 12 –

5 Itoham Yonekyu Holdings Inc 35 –

2 Itoki Corp 13 –







World Equity Fund



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Value (000's)

GBP





5 J Trust Co Ltd 36 –

1 J–Oil Mills Inc 21 –



1 Jalux Inc 9 –

1 Jamco Corp 11 –


1 Japan Airlines Co Ltd 14 –

1 Japan Airport Terminal Co Ltd 18 –


1 Japan Digital Laboratory Co Ltd 17 –




1 Japan Lifeline Co Ltd 18 –

1 Japan Material Co Ltd 16 –

4 Japan Medical Dynamic Marketing Inc 21 –

1 Japan Petroleum Exploration Co Ltd 20 –



7 Japan Securities Finance Co Ltd 27 –


6 Japan Tobacco Inc 162 0.03


4 Japan Wool Textile Co Ltd 23 –

1 JCU Corp 21 –

7 Jeol Ltd 22 –


3 JGC Corp 39 0.01


1 Jin Co Ltd 27 –

3 Joshin Denki Co Ltd 20 –

2 Joyful Honda Co Ltd 38 –

– JSP Corp 6 –

10 JSR Corp 111 0.02


2 Juki Corp 14 –


3 Justsystems Corp 25 –






2 Kadokawa Dwango 22 –

2 Kaga Electronics Co Ltd 21 –


2 Kakaku.com Inc 28 –

1 Kaken Pharmaceutical Co Ltd 47 0.01

1 Kakiyasu Honten Co Ltd 9 –

– Kameda Seika Co Ltd 7 –

2 Kamei Corp 16 –







20 Kanematsu Corp 27 –

1 Kanematsu Electronics Ltd 17 –

8 Kansai Electric Power Co Inc 61 0.01


Shares (000's)

Value (000's)

GBP




2 Kansai Urban Banking Corp 15 –

3 Kanto Denka Kogyo Co Ltd 20 –

3 Kao Corp 97 0.01


2 Katakura Industries Co Ltd 16 –

2 Kato Sangyo Co Ltd 32 –

– Kato Works Co Ltd 8 –

– Kawada Technologies Inc 5 –

1 Kawai Musical Instruments Manufacturing Co Ltd 20 –



12 KDDI Corp 247 0.04



3 Keihin Corp 33 –


5 Keio Corp 29 –

2 Keisei Electric Railway Co Ltd 38 –



12 Kenedix Inc 37 –

1 Kenko Mayonnaise Co Ltd 14 –

2 Kewpie Corp 46 0.01


– Keyence Corp 84 0.01

1 KFC Holdings Japan Ltd 15 –

1 Kikkoman Corp 25 –





2 Kissei Pharmaceutical Co Ltd 30 –

– Kita–Nippon Bank Ltd 9 –

– Kitagawa Iron Works Co Ltd 5 –

1 Kito Corp 11 –

5 Kitz Corp 25 –


2 KLab Inc 7 –

15 KNT–CT Holdings Co Ltd 16 –

3 Koa Corp 19 –


1 Kobayashi Pharmaceutical Co Ltd 21 –

1 Kobe Bussan Co Ltd 19 –



2 Koito Manufacturing Co Ltd 66 0.01

1 Kokusai Co Ltd 6 –

4 Kokuyo Co Ltd 37 –




2 Komeri Co Ltd 32 –

4 Komori Corp 37 –



3 Konishi Co Ltd 25 –

1 Konoike Transport Co Ltd 15 –

– Kose Corp 19 –

1 Koshidaka Holdings Co Ltd 17 –

– Kotobuki Spirits Co Ltd 7 –

1 Kourakuen Holdings Corp 9 –

1 KRS Corp 16 –


World Equity Fund



Shares (000's)

Value (000's)

GBP





4 Kumiai Chemical Industry Co Ltd 18 –

1 Kura Corp 27 –

12 Kurabo Industries Ltd 20 –


1 Kureha Corp 36 –


5 Kurita Water Industries Ltd 90 0.01

2 Kuroda Electric Co Ltd 34 –

1 Kusuri no Aoki Holdings Co Ltd 20 –

15 KYB Corp 55 0.01


4 Kyodo Printing Co Ltd 11 –

2 Kyoei Steel Ltd 22 –

3 Kyokuto Kaihatsu Kogyo Co Ltd 30 –

1 Kyokuto Securities Co Ltd 8 –






3 Kyowa Hakko Kirin Co Ltd 37 –


4 Kyushu Electric Power Co Inc 32 –


2 LAC Co Ltd 13 –

1 Laox Co Ltd 5 –

2 Lasertec Corp 22 –



1 Life Corp 11 –

1 Linical Co Ltd 9 –


6 Lion Corp 78 0.01


2 M3 Inc 42 0.01

2 Macnica Fuji Electronics Holdings Inc 18 –


2 Maeda Kosen Co Ltd 13 –



1 Maezawa Kyuso Industries Co Ltd 9 –

5 Makino Milling Machine Co Ltd 29 –

1 Makita Corp 82 0.01

– Mandom Corp 14 –

1 Mani Inc 17 –

– Mars Engineering Corp 4 –



4 Marudai Food Co Ltd 13 –



2 Maruichi Steel Tube Ltd 49 0.01

1 Maruwa Co Ltd 28 –


2 Marvelous Inc 11 –




1 Matsumotokiyoshi Holdings Co Ltd 42 0.01

4 Matsuya Co Ltd 25 –

2 Max Co Ltd 19 –


Shares (000's)

Value (000's)

GBP




– McDonald's Holdings Co Japan Ltd 9 –


3 Medical System Network Co Ltd 9 –



1 Megmilk Snow Brand Co Ltd 27 –

12 Meidensha Corp 31 –

1 MEIJI Holdings Co Ltd 70 0.01


1 Meisei Industrial Co Ltd 4 –

1 Meitec Corp 30 –

1 Melco Holdings Inc 23 –

1 METAWATER Co Ltd 10 –

11 Michinoku Bank Ltd 17 –


1 Mie Bank Ltd 16 –


1 Milbon Co Ltd 19 –


1 Minato Bank Ltd 14 –


1 Ministop Co Ltd 15 –

2 Miraca Holdings Inc 58 0.01

3 Mirait Holdings Corp 25 –

2 Miroku Jyoho Service Co Ltd 29 –



1 Mitani Corp 18 –

1 Mitani Sekisan Co Ltd 13 –


3 Mitsuba Corp 37 –



38 Mitsubishi Electric Corp 424 0.07








2 Mitsubishi Paper Mills Ltd 8 –

1 Mitsubishi Pencil Co Ltd 29 –


1 Mitsubishi Shokuhin Co Ltd 21 –

8 Mitsubishi Steel Manufacturing Co Ltd 13 –

1 Mitsubishi Tanabe Pharma Corp 20 –



2 Mitsuboshi Belting Ltd 14 –





3 Mitsui High–Tec Inc 16 –





1 Mitsui Sugar Co Ltd 20 –

9 Mitsui–Soko Holdings Co Ltd 21 –

5 Mitsumi Electric Co Ltd 26 –

1 Miura Co Ltd 15 –

World Equity Fund



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Value (000's)

GBP




12 Miyazaki Bank Ltd 31 –


8 Mizuno Corp 31 –

1 Mochida Pharmaceutical Co Ltd 28 –

1 Modec Inc 17 –

15 Monex Group Inc 28 –

– Monogatari Corp 9 –




1 Morita Holdings Corp 12 –


1 MTI Ltd 7 –

2 Mugen Estate Co Ltd 10 –

2 Murata Manufacturing Co Ltd 216 0.04

2 Musashi Seimitsu Industry Co Ltd 32 –



15 Nachi–Fujikoshi Corp 47 0.01


– Nagaileben Co Ltd 5 –






1 Nakanishi Inc 27 –

2 Namura Shipbuilding Co Ltd 11 –



1 Natori Co Ltd 10 –

– NDS Co Ltd 8 –


128 NEC Corp 271 0.05

2 NEC Networks & System Integration Corp 23 –



2 Nexon Co Ltd 24 –

2 Next Co Ltd 11 –

4 NGK Insulators Ltd 56 0.01


6 NH Foods Ltd 117 0.03


3 Nichi–iko Pharmaceutical Co Ltd 36 –


3 Nichiban Co Ltd 18 –

3 Nichicon Corp 23 –


2 Nichiha Corp 30 –



1 Nichirin Co Ltd 16 –

1 Nidec Corp 81 0.01

1 Nifco Inc 62 0.01

1 Nihon Chouzai Co Ltd 19 –


1 Nihon Eslead Corp 9 –



2 Nihon M&A Center Inc 44 0.01


3 Nihon Parkerizing Co Ltd 32 –

2 Nihon Tokushu Toryo Co Ltd 15 –

Shares (000's)

Value (000's)

GBP




1 Nihon Trim Co Ltd 15 –

3 Nihon Unisys Ltd 30 –


4 Nikkiso Co Ltd 30 –



– Nintendo Co Ltd 45 0.01




1 Nippon Ceramic Co Ltd 13 –

7 Nippon Chemi–Con Corp 12 –





2 Nippon Densetsu Kogyo Co Ltd 26 –



3 Nippon Flour Mills Co Ltd 33 –



1 Nippon Kanzai Co Ltd 16 –


6 Nippon Koei Co Ltd 21 –







5 Nippon Road Co Ltd 16 –

2 Nippon Seiki Co Ltd 33 –


5 Nippon Sheet Glass Co Ltd 28 –

– Nippon Shinyaku Co Ltd 15 –


4 Nippon Signal Company Ltd 23 –

8 Nippon Soda Co Ltd 28 –

1 Nippon Steel & Sumikin Bussan Corp 34 –



4 Nippon Telegraph & Telephone Corp 115 0.03

4 Nippon Thompson Co Ltd 12 –





8 Nishi–Nippon Financial Holdings Inc 62 0.01

13 Nishi–Nippon Railroad Co Ltd 47 0.01



1 Nishio Rent All Co Ltd 30 –



4 Nissan Shatai Co Ltd 30 –


6 Nissei Build Kogyo Co Ltd 23 –

1 Nissha Printing Co Ltd 22 –

7 Nisshin Oillio Group Ltd 24 –




World Equity Fund



Shares (000's)

Value (000's)

GBP





3 Nissin Electric Co Ltd 26 –

1 Nissin Foods Holdings Co Ltd 29 –

3 Nissin Kogyo Co Ltd 30 –


1 Nitori Holdings Co Ltd 58 0.01

1 Nitta Corp 27 –

– Nittetsu Mining Co Ltd 15 –

12 Nitto Boseki Co Ltd 38 –


2 Nitto Kogyo Corp 18 –


1 Nittoku Engineering Co Ltd 12 –

– Noevir Holdings Co Ltd 8 –

6 NOF Corp 45 0.01

2 Nohmi Bosai Ltd 22 –

2 Nojima Corp 15 –

8 NOK Corp 121 0.03

2 Nomura Co Ltd 22 –



1 Nomura Research Institute Ltd 38 –

1 Noritake Co Ltd 15 –

4 Noritsu Koki Co Ltd 19 –

2 Noritz Corp 32 –


2 NS Solutions Corp 35 –


2 NSD Co Ltd 19 –

22 NSK Ltd 192 0.04

31 NTN Corp 95 0.01

1 NTT Data Corp 52 0.01

18 NTT DOCOMO Inc 332 0.05

3 NTT Urban Development Corp 22 –


4 OAK Capital Corp 5 –




1 Obic Co Ltd 21 –


6 Oenon Holdings Inc 11 –



1 Ohsho Food Service Corp 17 –

1 Oiles Corp 19 –

5 Oita Bank Ltd 14 –


3 Okabe Co Ltd 22 –

2 Okamoto Industries Inc 15 –

4 Okamura Corp 27 –



1 Okinawa Cellular Telephone Co 17 –

2 Okinawa Electric Power Co Inc 24 –





3 Omron Corp 100 0.02

1 Ono Pharmaceutical Co Ltd 9 –


7 Onward Holdings Co Ltd 37 –

Shares (000's)

Value (000's)

GBP





1 Optex Co Ltd 20 –

– Oracle Corp Japan 16 –


11 Orient Corp 16 –

1 Oriental Land Co Ltd 46 0.01

29 ORIX Corp 364 0.06



1 Osaka Steel Co Ltd 12 –

3 Osaki Electric Co Ltd 24 –

6 OSG Corp 89 0.01


1 Otsuka Corp 39 0.01

1 Otsuka Holdings Co Ltd 33 –

2 Otsuka Kagu Ltd 14 –

1 Outsourcing Inc 20 –

2 Oyo Corp 18 –

3 Pacific Industrial Co Ltd 33 –

11 Pacific Metals Co Ltd 30 –

1 Pack Corp 15 –

1 PAL GROUP Holdings Co Ltd 15 –

2 Paltac Corporation 38 –

5 PanaHome Corp 29 –

46 Panasonic Corp 385 0.06

1 Paraca Inc 11 –

1 Paramount Bed Holdings Co Ltd 30 –


3 Park24 Co Ltd 62 0.01

6 Pasco Corp 15 –

2 Pasona Group Inc 12 –


20 Penta–Ocean Construction Co Ltd 80 0.01

1 PeptiDream Inc 36 –



1 Piolax Inc 29 –


2 Plenus Co Ltd 25 –

– Pola Orbis Holdings Inc 25 –

3 Poletowin Pitcrew Holdings Inc 16 –

7 Press Kogyo Co Ltd 24 –

2 Pressance Corp 24 –

5 Prestige International Inc 28 –

8 Prima Meat Packers Ltd 22 –

2 Pronexus Inc 15 –

1 Proto Corp 5 –

1 Qol Co Ltd 10 –

3 Raito Kogyo Co Ltd 22 –



1 Relia Inc 9 –

1 Relo Group Inc 55 0.01



3 Resorttrust Inc 41 0.01

1 Retail Partners Co Ltd 6 –



1 Ricoh Leasing Co Ltd 17 –


1 Riken Corp 18 –


World Equity Fund



Shares (000's)

Value (000's)

GBP





– Riken Vitamin Co Ltd 12 –

1 Ringer Hut Co Ltd 13 –

1 Rinnai Corp 41 0.01

1 Riso Kagaku Corp 14 –






2 Royal Holdings Co Ltd 22 –

2 RVH Inc 13 –

10 Ryobi Ltd 32 –


– Ryohin Keikaku Co Ltd 32 –


1 Ryoyo Electro Corp 9 –

1 S Foods Inc 13 –


11 Saibu Gas Co Ltd 19 –

2 Saizeriya Co Ltd 33 –

4 Sakai Chemical Industry Co Ltd 10 –


3 Sakata INX Corp 27 –

1 Sakata Seed Corp 11 –

1 San–A Co Ltd 31 –

4 San–Ai Oil Co Ltd 22 –

8 San–In Godo Bank Ltd 50 0.01

7 Sanden Holdings Corp 18 –

2 Sangetsu Corp 31 –

10 Sanken Electric Co Ltd 34 –

2 Sanki Engineering Co Ltd 14 –


2 Sankyo Tateyama Inc 22 –



2 Sanrio Co Ltd 23 –




1 Sanyo Chemical Industries Ltd 34 –

2 Sanyo Denki Co Ltd 10 –

5 Sanyo Electric Railway Co Ltd 21 –


6 Sanyo Special Steel Co Ltd 24 –


2 Sato Holdings Corp 26 –


1 Sawai Pharmaceutical Co Ltd 56 0.01



3 Screen Holdings Co Ltd 126 0.03

1 SCSK Corp 20 –


1 Seed Co Ltd 10 –


3 Seibu Holdings Inc 42 0.01

8 Seika Corp 18 –

2 Seikagaku Corp 20 –





Shares (000's)

Value (000's)

GBP




3 Seiren Co Ltd 35 –

16 Sekisui Chemical Co Ltd 191 0.03


2 Sekisui Jushi Corp 18 –





6 Septeni Holdings Co Ltd 15 –

1 Seria Co Ltd 35 –



66 Sharp Corp 88 0.01


1 Shibuya Corp 22 –

4 Shidax Corp 13 –


12 Shikoku Bank Ltd 25 –

2 Shikoku Chemicals Corp 14 –

4 Shikoku Electric Power Co Inc 34 –




1 Shimamura Co Ltd 58 0.01

1 Shimano Inc 93 0.01

– Shimizu Bank Ltd 10 –


2 Shin Nippon Air Technologies Co Ltd 20 –

5 Shin–Etsu Chemical Co Ltd 286 0.05

5 Shin–Etsu Polymer Co Ltd 24 –

4 Shindengen Electric Manufacturing Co Ltd 12 –

5 Shinko Electric Industries Co Ltd 23 –

2 Shinko Plantech Co Ltd 9 –






1 Shinsho Corp 11 –


1 Shionogi & Co Ltd 34 –




6 Shizuoka Gas Co Ltd 33 –

2 Shochiku Co Ltd 17 –

1 Shoei Co Ltd 13 –

3 Showa Corp 15 –


7 Showa Sangyo Co Ltd 29 –


1 Siix Corp 27 –

10 Sinfonia Technology Co Ltd 17 –


2 Sintokogio Ltd 14 –

9 SKY Perfect JSAT Holdings Inc 33 –

4 Skylark Co Ltd 42 0.01

– SMC Corp 69 0.01

5 SMK Corp 15 –

1 SMS Co Ltd 26 –


9 SoftBank Group Corp 419 0.06

1 Sogo Medical Co Ltd 32 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




2 Sohgo Security Services Co Ltd 49 0.01



27 Sony Corp 617 0.09

3 Sony Financial Holdings Inc 31 –



2 Square Enix Holdings Co Ltd 34 –

1 SRA Holdings 15 –


7 Stanley Electric Co Ltd 159 0.03


2 Starts Corp Inc 31 –


1 Stella Chemifa Corp 25 –

1 Studio Alice Co Ltd 18 –

1 Sugi Holdings Co Ltd 41 0.01

15 Sumco Corp 134 0.03





2 Sumitomo Dainippon Pharma Co Ltd 21 –

2 Sumitomo Densetsu Co Ltd 13 –










4 Sumitomo Realty & Development Co Ltd 100 0.02

2 Sumitomo Riko Co Ltd 17 –


1 Sumitomo Seika Chemicals Co Ltd 30 –



– Sundrug Co Ltd 17 –

1 Suntory Beverage & Food Ltd 34 –


4 Suzuken Co Ltd Japan 105 0.02




1 T Hasegawa Co Ltd 19 –




1 T–Gaia Corp 10 –


1 Tachi–S Co Ltd 17 –



2 Taihei Dengyo Kaisha Ltd 16 –



2 Taikisha Ltd 34 –


2 Taiko Pharmaceutical Co Ltd 20 –


– Taisho Pharmaceutical Holdings Co Ltd 28 –

Shares (000's)

Value (000's)

GBP





10 Taiyo Nippon Sanso Corp 91 0.01


1 Takamatsu Construction Group Co Ltd 18 –

1 Takaoka Toko Co Ltd 14 –

3 Takara Holdings Inc 22 –

8 Takara Leben Co Ltd 38 –

2 Takara Standard Co Ltd 27 –

1 Takasago International Corp 26 –

3 Takasago Thermal Engineering Co Ltd 28 –


2 Takata Corp 6 –


2 Takeei Corp 9 –





5 Tamura Corp 16 –

2 Tanseisha Co Ltd 11 –



3 Tayca Corp 13 –

5 TDK Corp 263 0.04

1 TechnoPro Holdings Inc 31 –


1 Teikoku Electric Manufacturing Co Ltd 9 –

1 Teikoku Sen–I Co Ltd 15 –

8 Tekken Corp 20 –

3 Temp Holdings Co Ltd 37 –

1 Tenma Corp 16 –

2 Terumo Corp 57 0.01

6 THK Co Ltd 105 0.02

4 TIS Inc 61 0.01

– TKC Corp 9 –


1 Toa Corp (Tokyo) 16 –



23 Tobishima Corp 32 –

9 Tobu Railway Co Ltd 35 –

1 Tocalo Co Ltd 16 –

5 Tochigi Bank Ltd 18 –

12 Toda Corp 54 0.01

1 Toei Animation Co Ltd 21 –

4 Toei Co Ltd 26 –




1 Toho Co Ltd (Wholesale) 9 –



2 Toho Titanium Co Ltd 12 –

6 Toho Zinc Co Ltd 19 –


5 Tohoku Electric Power Co Inc 51 0.01

13 Tokai Carbon Co Ltd 35 –

– Tokai Corp 10 –

4 TOKAI Holdings Corp 23 –



– Token Corp 17 –


World Equity Fund



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Value (000's)

GBP




1 Tokushu Tokai Paper Co Ltd 20 –

10 Tokuyama Corp 32 –

2 Tokyo Broadcasting System Holdings Inc 20 –

3 Tokyo Century Corp 89 0.01

5 Tokyo Dome Corp 37 –

17 Tokyo Electric Power Co Holdings Inc 50 0.01

2 Tokyo Electron Ltd 118 0.03



2 Tokyo Individualized Educational Institute Inc 10 –




5 Tokyo Steel Manufacturing Co Ltd 30 –



9 Tokyotokeiba Co Ltd 18 –






8 TOMONY Holdings Inc 35 –

5 Tomy Co Ltd 43 0.01




4 Toppan Forms Co Ltd 32 –


2 Topre Corp 38 –

2 Topy Industries Ltd 35 –


2 Toridoll Holdings Corp 28 –

1 Torii Pharmaceutical Co Ltd 18 –


3 Tosei Corp 16 –

8 Toshiba Corp 25 –

9 Toshiba Machine Co Ltd 27 –

2 Toshiba Plant Systems & Services Corp 23 –


5 Tosho Printing Co Ltd 16 –


1 Totetsu Kogyo Co Ltd 26 –

2 TOTO Ltd 68 0.02


3 Tow Co Ltd 12 –

20 Towa Bank Ltd 15 –

3 Towa Corp 29 –

1 Towa Pharmaceutical Co Ltd 23 –

7 Toyo Construction Co Ltd 19 –

2 Toyo Corp 16 –

9 Toyo Engineering Corp 20 –

10 Toyo Ink SC Holdings Co Ltd 37 –

10 Toyo Kanetsu KK 25 –




1 Toyo Suisan Kaisha Ltd 37 –

1 Toyo Tanso Co Ltd 11 –




4 Toyota Boshoku Corp 76 0.02

Shares (000's)

Value (000's)

GBP





58 Toyota Motor Corp 2,736 0.37



1 Trancom Co Ltd 20 –

1 Transcosmos Inc 27 –

1 Trend Micro Inc 38 –

1 Trusco Nakayama Corp 33 –


6 TSI Holdings Co Ltd 27 –


3 Tsugami Corp 13 –

2 Tsukishima Kikai Co Ltd 14 –

7 Tsukuba Bank Ltd 16 –

3 Tsukui Corp 16 –

3 Tsumura & Co 61 0.01

– Tsuruha Holdings Inc 33 –

1 Tsurumi Manufacturing Co Ltd 16 –


1 TV Asahi Holdings Corp 21 –





3 Ulvac Inc 71 0.02


– Union Tool Co 4 –

2 Unipres Corp 34 –


3 United Super Markets Holdings Inc 20 –

30 Unitika Ltd 18 –

1 Universal Entertainment Corp 28 –

1 Unizo Holdings Co Ltd 21 –

2 Usen Corp 5 –

8 Ushio Inc 73 0.02

2 USS Co Ltd 30 –

1 V Technology Co Ltd 42 0.01



7 VT Holdings Co Ltd 27 –

1 W–Scope Corp 11 –


11 Wacom Co Ltd 24 –


3 Wakita & Co Ltd 20 –


2 WATAMI Co Ltd 18 –


1 Welcia Holdings Co Ltd 25 –

3 West Holdings Corp 22 –

1 West Japan Railway Co 47 0.02

1 Wowow Inc 15 –

2 Xebio Holdings Co Ltd 19 –


11 Yahoo Japan Corp 32 –

1 Yakult Honsha Co Ltd 32 –

2 Yamabiko Corp 19 –


9 Yamagata Bank Ltd 30 –


5 Yamaha Corp 113 0.02



World Equity Fund



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Value (000's)

GBP





3 Yamato Holdings Co Ltd 44 0.01


5 Yamazaki Baking Co Ltd 80 0.02

4 Yamazen Corp 22 –




1 Yellow Hat Ltd 23 –

1 Yodogawa Steel Works Ltd 31 –

2 Yokogawa Bridge Holdings Corp 21 –


2 Yokohama Reito Co Ltd 15 –



5 Yomiuri Land Co Ltd 16 –

1 Yondoshi Holdings Inc 20 –


1 Yuasa Trading Co Ltd 16 –

3 Yurtec Corp 16 –



5 Zenitaka Corp 15 –

2 Zenkoku Hosho Co Ltd 63 0.02

1 Zenrin Co Ltd 12 –


11 Zeon Corp 81 0.02

1 ZERIA Pharmaceutical Co Ltd 16 –

2 Zojirushi Corp 16 –

– Zuiko Corp 12 –

2 Zuken Inc 18 –

66,988 8.75

Korea, Republic of – 1.97%

2 AJ Rent A Car Co Ltd 11 –

– AK Holdings Inc 14 –

5 ALUKO Co Ltd 14 –

– Amorepacific Corp 40 0.01

– Amorepacific Group 26 –

1 Amotech Co Ltd 19 –

9 Asiana Airlines Inc 30 –

9 Barunson Entertainment & Arts Corp 16 –

1 BGF retail Co Ltd 40 0.01

– Binggrae Co Ltd 13 –

21 BNK Financial Group Inc 128 0.03

1 Boryung Pharmaceutical Co Ltd 21 –

4 Byucksan Corp 14 –

4 Capro Corp 12 –

– Cell Biotech Co Ltd 12 –

– Celltrion Inc 21 –

2 Chabiotech Co Ltd 16 –

1 Cheil Worldwide Inc 13 –

8 China Ocean Resources Co Ltd 8 –

– Chong Kun Dang Pharmaceutical Corp 6 –

– Chongkundang Holdings Corp 14 –

– Chosun Refractories Co Ltd 12 –

– CJ CGV Co Ltd 14 –

– CJ CheilJedang Corp 113 0.02

– CJ Corp 44 0.01

1 CJ E&M Corp 38 –

– CJ Freshway Corp 10 –

2 CJ Hellovision Co Ltd 14 –

– CJ Korea Express Corp 17 –

– CJ O Shopping Co Ltd 25 –

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Korea, Republic of – 1.97% (continued)

1 Com2uSCorp 44 0.01

– Cosmax Inc 25 –

1 Coway Co Ltd 46 0.01

– Crown Confectionery Co Ltd 9 –

3 CrucialTec Co Ltd 17 –

– Cuckoo Electronics Co Ltd 13 –

– Dae Han Flour Mills Co Ltd 14 –

10 Dae Won Chemical Co Ltd 16 –

4 Daeduck Electronics Co 20 –

3 Daeduck GDS Co Ltd 20 –

3 Daekyo Co Ltd 19 –

2 Daelim Industrial Co Ltd 85 0.02

2 Daesang Corp 30 –

– Daesang Holdings Co Ltd 3 –

8 Daewoo Engineering & Construction Co Ltd 30 –

9 Daewoo Shipbuilding & Marine Engineering Co Ltd 21 –

– Daewoong Co Ltd 11 –

– Daewoong Pharmaceutical Co Ltd 16 –

4 Daishin Securities Co Ltd 31 –

1 Daou Data Corp 11 –

3 Daou Technology Inc 38 –

12 Dayou Automotive Seat Technology Co Ltd 12 –

13 DGB Financial Group Inc 87 0.02

1 DIO Corp 14 –

1 Dong Ah Tire & Rubber Co Ltd 11 –

– Dong–A Socio Holdings Co Ltd 15 –

– Dong–A ST Co Ltd 13 –

2 Dongbu HiTek Co Ltd 17 –

3 Dongbu Insurance Co Ltd 137 0.03

4 Dongbu Securities Co Ltd 9 –

1 Dongbu Steel Co Ltd 11 –

4 Dongjin Semichem Co Ltd 26 –

5 Dongkuk Steel Mill Co Ltd 33 –

4 Dongsung Corp 18 –

6 Dongwon Development Co Ltd 17 –

– Dongwon F&B Co Ltd 10 –

– Dongwon Industries Co Ltd 16 –

3 Doosan Heavy Industries & Construction Co Ltd 54 0.01


1 DuzonBizon Co Ltd 22 –

– e Tec E&C Ltd 12 –

1 E–MART Inc 111 0.02

– E1 Corp 16 –

4 Easy Bio Inc 17 –

1 Emerson Pacific Inc 19 –

2 ENF Technology Co Ltd 24 –

– Eo Technics Co Ltd 14 –

5 Eugene Corp 15 –

8 Eugene Investment & Securities Co Ltd 13 –

3 Eusu Holdings Co Ltd 12 –

1 Farmsco 8 –

– Fila Korea Ltd 17 –

4 Foosung Co Ltd 19 –

1 Grand Korea Leisure Co Ltd 15 –

– Green Cross Corp 14 –

1 Green Cross Holdings Corp 18 –


8 GS Global Corp 14 –

4 GS Holdings Corp 140 0.03

– GS Home Shopping Inc 32 –

1 GS Retail Co Ltd 32 –

1 Halla Holdings Corp 36 –

4 Han Kuk Carbon Co Ltd 16 –

World Equity Fund



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7 Hana Financial Group Inc 146 0.03

1 Hana Tour Service Inc 26 –

1 Handsome Co Ltd 15 –

– Hanil Cement Co Ltd 8 –

6 Hanjin Heavy Industries & Construction Co Ltd 14 –

2 Hanjin Kal Corp 29 –

– Hanjin Transportation Co Ltd 9 –

– Hankook Shell Oil Co Ltd 9 –

4 Hankook Tire Co Ltd 143 0.03

– Hanmi Pharm Co Ltd 16 –

– Hanmi Science Co ltd 10 –

4 Hanon Systems 28 –

1 Hansae Co Ltd 8 –

2 Hansae Yes24 Holdings Co Ltd 12 –

– Hansol Chemical Co Ltd 14 –

3 Hansol Holdings Co Ltd 11 –

1 Hansol Paper Co Ltd 7 –

1 Hansol Technics Co Ltd 12 –

– Hanssem Co Ltd 50 0.02

6 Hanwha Chemical Corp 96 0.02

4 Hanwha General Insurance Co Ltd 22 –

14 Hanwha Investment & Securities Co Ltd 20 –

7 Hanwha Life Insurance Co Ltd 31 –

2 Hanwha Techwin Co Ltd 49 0.01

5 Harim Holdings Co Ltd 14 –

1 Hite Jinro Co Ltd 19 –

2 HMC Investment Securities Co Ltd 12 –

1 Hotel Shilla Co Ltd 22 –

4 HS Industries Co Ltd 28 –

1 HS R&A Co Ltd 15 –

1 Huchems Fine Chemical Corp 18 –

2 Humax Co Ltd 17 –

1 Huons Global Co Ltd 21 –

1 Hy–Lok Corp 12 –

1 Hyosung Corp 94 0.02

– Hyundai C&F Inc 4 –

1 Hyundai Cement Co 9 –

1 Hyundai Corp 7 –

1 Hyundai Department Store Co Ltd 68 0.02

2 Hyundai Development Co–Engineering & Construction 50 0.02

– Hyundai Elevator Co Ltd 17 –

5 Hyundai Engineering & Construction Co Ltd 131 0.03

3 Hyundai Engineering Plastics Co Ltd 17 –

– Hyundai Glovis Co Ltd 40 0.01

1 Hyundai Greenfood Co Ltd 13 –

1 Hyundai Heavy Industries Co Ltd 99 0.02

– Hyundai Home Shopping Network Corp 17 –

6 Hyundai Hy Communications & Network Co Ltd 16 –

1 Hyundai Livart Furniture Co Ltd 16 –

5 Hyundai Marine & Fire Insurance Co Ltd 124 0.03

1 Hyundai Merchant Marine Co Ltd 3 –

1 Hyundai Mipo Dockyard Co Ltd 29 –

1 Hyundai Mobis Co Ltd 149 0.03

3 Hyundai Motor Co 262 0.04

2 Hyundai Rotem Co Ltd 22 –

3 Hyundai Steel Co 101 0.02

1 Hyundai Wia Corp 57 0.01

4 Iljin Display Co Ltd 11 –

2 Iljin Holdings Co Ltd 9 –

– Ilshin Spinning Co Ltd 11 –

2 iMarketKorea Inc 12 –

1 InBody Co Ltd 10 –

9 Industrial Bank of Korea 85 0.02

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3 Interpark Holdings Corp 10 –

1 IS Dongseo Co Ltd 32 –

2 ISU Chemical Co Ltd 17 –

5 IsuPetasys Co Ltd 14 –

2 Jahwa Electronics Co Ltd 19 –

9 JB Financial Group Co Ltd 34 –

6 Jcontentree Corp 14 –

3 Jusung Engineering Co Ltd 18 –

2 JW Holdings Corp 12 –

1 Kakao Corp 30 –

1 Kangwon Land Inc 20 –

1 KB Capital Co Ltd 15 –

6 KB Financial Group Inc 160 0.03


2 KC Tech Co Ltd 22 –

– KCC Corp 95 0.02

1 KEPCO Engineering & Construction Co Inc 20 –

1 KEPCO Plant Service & Engineering Co Ltd 33 –

2 KH Vatec Co Ltd 16 –

5 Kia Motors Corp 131 0.03

– KISCO Corp 12 –

– KISWIRE Ltd 7 –

1 KIWOOM Securities Co Ltd 36 –

1 Koh Young Technology Inc 23 –

– Kolon Corp 15 –


1 Komipharm International Co Ltd 20 –

1 KONA I Co Ltd 8 –

1 Korea Electric Power Corp 30 –

1 Korea Electric Power Corp, ADR 11 –

– Korea Electric Terminal Co Ltd 16 –

1 Korea Gas Corp 18 –

1 Korea Information & Communications Co Ltd 10 –

3 Korea Investment Holdings Co Ltd 80 0.02

– Korea Kolmar Co Ltd 15 –

– Korea Kolmar Holdings Co Ltd 8 –

1 Korea Line Corp 16 –

– Korea Petrochemical Ind Co Ltd 26 –

1 Korea United Pharm Inc 17 –

– Korea Zinc Co Ltd 16 –



1 KT Corp 16 –

1 KT Skylife Co Ltd 18 –

1 KT&G Corp 87 0.02

– Kukdo Chemical Co Ltd 12 –

3 Kumho Industrial Co Ltd 20 –

1 Kumho Petrochemical Co Ltd 52 0.01

6 Kumho Tire Co Inc 35 –

– Kumkang Kind Co Ltd 1 –

2 Kwang Dong Pharmaceutical Co Ltd 12 –

3 Kwangju Bank 18 –

2 Kyobo Securities Co Ltd 15 –

1 Kyungbang Ltd 12 –

– KyungDong City Gas Co Ltd 3 –

2 Leadcorp Inc 9 –

– Leaders Cosmetics Co Ltd 4 –

– LEENO Industrial Inc 11 –

1 LF Corp 16 –

1 LG Chem Ltd 107 0.02

2 LG Corp 65 0.02

10 LG Display Co Ltd 201 0.04

11 LG Display Co Ltd, ADR 103 0.02

World Equity Fund



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6 LG Electronics Inc 190 0.03

1 LG Hausys Ltd 37 –

– LG Household & Health Care Ltd 48 0.01


2 LG International Corp 43 0.01

– LG Life Sciences Ltd 18 –


2 Lock&Lock Co Ltd 16 –

– Loen Entertainment Inc 16 –

– Lotte Chemical Corp 109 0.02

– Lotte Chilsung Beverage Co Ltd 33 –

– Lotte Confectionery Co Ltd 40 0.01

2 LOTTE Fine Chemical Co Ltd 30 –

– Lotte Food Co Ltd 13 –

1 LOTTE Himart Co Ltd 32 –

10 Lotte Non–Life Insurance Co Ltd 17 –

– Lotte Shopping Co Ltd 48 0.01

2 LS Corp 64 0.01

1 LS Industrial Systems Co Ltd 30 –

10 Macquarie Korea Infrastructure Fund 56 0.01

1 Macrogen Inc 16 –

1 Maeil Dairy Industry Co Ltd 17 –

– Mando Corp 80 0.02

– Medy–Tox Inc 28 –

1 MegaStudy Co Ltd 13 –

4 Meritz Financial Group Inc 33 –

5 Meritz Fire & Marine Insurance Co Ltd 57 0.01

24 Meritz Securities Co Ltd 58 0.01


4 Mirae Asset Life Insurance Co Ltd 16 –


2 MK Electron Co Ltd 14 –

1 Modetour Network Inc 13 –

1 Muhak Co Ltd 18 –

2 Namhae Chemical Corp 11 –

– Namyang Dairy Products Co Ltd 19 –

– NAVER Corp 100 0.02

– NCSoft Corp 49 0.01

4 NEPES Corp 19 –

1 Nexen Corp 5 –

4 Nexen Tire Corp 34 –


1 NHN Entertainment Corp 30 –

2 NHN KCP Corp 16 –

2 NICE Holdings Co Ltd 23 –

2 NICE Information Service Co Ltd 10 –

– Nong Shim Holdings Co Ltd 15 –

– NongShim Co Ltd 44 0.01

– NS Shopping Co Ltd 18 –

1 OCI Co Ltd 60 0.01

– Orion Corp 26 –

– Osstem Implant Co Ltd 19 –

– Ottogi Corp 10 –

13 Pan Ocean Co Ltd 35 –

3 Paradise Co Ltd 30 –

3 Partron Co Ltd 16 –

7 Paru Co Ltd 20 –

2 POSCO Chemtech Co Ltd 20 –


3 POSCO, ADR 115 0.03

– Pulmuone Co Ltd 8 –

2 Pyeong Hwa Automotive Co Ltd 16 –

2 S&T Dynamics Co Ltd 15 –

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1 S&T Holdings Co Ltd 11 –

1 S&T Motiv Co Ltd 14 –

– S–1 Corp 30 –

1 S–Oil Corp 67 0.02

2 Sam Young Electronics Co Ltd 14 –

– Samchully Co Ltd 19 –

1 Samho International Co Ltd 13 –

1 Samjin Pharmaceutical Co Ltd 20 –

2 Sammok S–Form Co Ltd 15 –

– Samsung C&T Corp 27 –

1 Samsung Card Co Ltd 26 –

3 Samsung Electro–Mechanics Co Ltd 95 0.02


– Samsung Electronics Co Ltd, GDR 209 0.04

4 Samsung Engineering Co Ltd 23 –

1 Samsung Fire & Marine Insurance Co Ltd 118 0.03

13 Samsung Heavy Industries Co Ltd 74 0.02

1 Samsung Life Insurance Co Ltd 41 0.01

1 Samsung SDI Co Ltd 80 0.02

– Samsung SDS Co Ltd 21 –


14 SAMT Co Ltd 16 –

– Samyang Corp 22 –

– Samyang Holdings Corp 12 –

2 Sangsin Brake 8 –

1 Seah Besteel Corp 11 –

– SeAH Steel Corp 23 –

1 Sebang Co Ltd 9 –

1 Sebang Global Battery Co Ltd 19 –

1 Sekonix Co Ltd 10 –

10 Seohan Co Ltd 15 –

23 Seohee Construction Co Ltd 21 –

4 Seoul Semiconductor Co Ltd 36 –

1 SFA Engineering Corp 28 –

5 Shinhan Financial Group Co Ltd 152 0.03

– Shinsegae Engineering & Construction Co Ltd 13 –

1 Shinsegae Inc 68 0.02

– Shinsegae International Inc 10 –

– Shinyoung Securities Co Ltd 11 –

1 Silicon Works Co Ltd 14 –

– Sindoh Co Ltd 15 –

1 SK Chemicals Co Ltd 46 0.01

– SK Gas Ltd 24 –

1 SK Holdings Co Ltd 150 0.03


2 SK Innovation Co Ltd 165 0.03

– SK Materials Co Ltd 22 –

8 SK Networks Co Ltd 39 0.02

25 SK Securities Co Ltd 18 –

– SK Telecom Co Ltd 13 –

2 SKC Co Ltd 45 0.01

1 SL Corp 19 –

1 SM Entertainment Co 11 –

1 Songwon Industrial Co Ltd 15 –

1 Soulbrain Co Ltd 21 –

– SPC Samlip Co Ltd 6 –

1 Spigen Korea Co Ltd 18 –

2 Ssangyong Cement Industrial Co Ltd 23 –

4 Ssangyong Motor Co 18 –

3 Sung Kwang Bend Co Ltd 17 –

8 Sungchang Enterprise Holdings Ltd 16 –

3 Sungwoo Hitech Co Ltd 15 –

– Taekwang Industrial Co Ltd 10 –

World Equity Fund



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2 Taewoong Co Ltd 23 –

4 Taeyoung Engineering & Construction Co Ltd 12 –

6 Texcell–NetCom Co Ltd 24 –

1 TK Corp 5 –

10 Tongyang Inc 20 –

4 Tongyang Life Insurance Co Ltd 34 –

3 Tovis Co Ltd 15 –

– Unid Co Ltd 15 –

1 Value Added Technologies Co Ltd 15 –

– Vieworks Co Ltd 19 –

2 Webzen Inc 15 –

2 Whanin Pharmaceutical Co Ltd 16 –

2 WiSoL Co Ltd 20 –

2 Wonik Holdings Co Ltd 9 –

2 WONIK IPS Co Ltd 34 –

6 Woongjin Co Ltd 11 –

2 Woongjin Thinkbig Co Ltd 14 –

9 Woori Bank 70 0.02

– Young Poong Corp 13 –

1 Youngone Corp 11 –

1 Youngone Holdings Co Ltd 23 –

4 Yuanta Securities Korea Co Ltd 9 –

– Yuhan Corp 12 –

15,079 1.97

Malaysia – 0.31%

28 Aeon Co M Bhd 14 –

5 AEON Credit Service M Bhd 11 –

20 Affin Holdings Bhd 8 –

102 AirAsia Bhd 50 0.02

167 AirAsia X Bhd 11 –

59 Alliance Financial Group Bhd 41 0.02

112 AMMB Holdings Bhd 83 0.02

46 Astro Malaysia Holdings Bhd 22 –

22 Axiata Group Bhd 17 –

250 Berjaya Corp Bhd 15 –

34 Berjaya Sports Toto Bhd 19 –

47 BerMaz Motor Sdn Bhd 18 –

36 BIMB Holdings Bhd 27 –

57 Boustead Holdings Bhd 22 –

33 Boustead Plantations Bhd 9 –

3 British American Tobacco Malaysia Bhd 26 –

108 Bumi Armada Bhd 10 –

16 Bursa Malaysia Bhd 24 –

38 Cahya Mata Sarawak Bhd 25 –

4 Carlsberg Brewery Malaysia Bhd 9 –

28 CB Industrial Product Holding Bhd 10 –

35 CIMB Group Holdings Bhd 29 –

55 Dialog Group Bhd 16 –

51 DiGi.Com Bhd 43 0.01

38 DRB–Hicom Bhd 7 –

2 Dutch Lady Milk Industries BHD 15 –

58 Eastern & Oriental Bhd 16 –

65 Eco World Development Group Bhd 16 –

70 Felda Global Ventures Holdings Bhd 19 –

63 Gamuda Bhd 54 0.02

66 Genting Bhd 94 0.02

51 Genting Malaysia Bhd 43 0.02

7 Genting Plantations Bhd 14 –

17 HAP Seng Consolidated Bhd 24 –

11 Hartalega Holdings Bhd 10 –

7 Heineken Malaysia Bhd 19 –

8 Hong Leong Bank Bhd 20 –

9 Hong Leong Financial Group Bhd 24 –

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Malaysia – 0.31% (continued)

8 Hong Leong Industries Bhd 14 –

15 IHH Healthcare Bhd 17 –

134 IJM Corp Bhd 77 0.02

31 Inari Amertron Bhd 19 –

22 IOI Corp Bhd 17 –


11 Keck Seng Malaysia Bhd 10 –

206 KNM Group Bhd 11 –

18 Kossan Rubber Industries 21 –

22 KPJ Healthcare Bhd 17 –

4 Kuala Lumpur Kepong Bhd 15 –

10 Lafarge Malaysia Bhd 12 –

5 LPI Capital Bhd 15 –

17 Magnum Bhd 7 –

53 Mah Sing Group Bhd 13 –

71 Malakoff Corp Bhd 17 –

46 Malayan Banking Bhd 62 0.02

35 Malaysia Airports Holdings Bhd 40 0.01

44 Malaysia Building Society Bhd 7 –

6 Malaysian Pacific Industries Bhd 8 –

61 Malaysian Resources Corp Bhd 14 –

29 Matrix Concepts Holdings Bhd 13 –

13 Maxis Bhd 13 –

67 Media Prima Bhd 13 –

24 MISC Bhd 32 0.01

56 MMC Corp Bhd 24 –

22 Muhibbah Engineering M Bhd 9 –

51 My EG Services Bhd 21 –

14 Oriental Holdings BHD 17 –

55 OSK Holdings Bhd 15 –

36 Padini Holdings Bhd 17 –

2 Panasonic Manufacturing Malaysia 14 –

14 Petronas Chemicals Group Bhd 17 –

2 Petronas Dagangan Bhd 9 –

4 Petronas Gas Bhd 14 –

34 Pos Malaysia BHD 23 –

12 PPB Group Bhd 34 –

89 Press Metal Bhd 27 –

20 Public Bank Bhd 68 0.02

23 QL Resources Bhd 18 –

30 RHB Bank Bhd 26 –

257 SapuraKencana Petroleum Bhd 67 0.02

15 Scientex Bhd 18 –

36 Sime Darby Bhd 51 0.02

18 SP Setia Bhd Group 11 –

20 Sunway Bhd 10 –

2 Sunway Construction Group Bhd 1 –

33 Supermax Corp Bhd 13 –

19 Syarikat Takaful Malaysia Bhd 14 –

31 Ta Ann Holdings Bhd 21 –

13 Telekom Malaysia Bhd 14 –

11 Tenaga Nasional Bhd 29 0.01

11 TIME dotCom Bhd 16 –

41 Top Glove Corp Bhd 39 0.02

41 Tune Protect Group Bhd 11 –

24 UEM Edgenta Bhd 14 –

81 UEM Sunrise Bhd 15 –

25 UMW Holdings Bhd 23 –

90 UMW Oil & Gas Corp Bhd 12 –

50 Unisem M Bhd 21 –

10 United Malacca Bhd 10 –

45 UOA Development Bhd 19 –

120 VS Industry Bhd 30 –

World Equity Fund



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58 WCT Holdings Bhd 18 –

18 Westports Holdings Bhd 14 –

31 Yinson Holdings Bhd 16 –

287 YTL Corp Bhd 74 0.02

69 YTL Power International Bhd 17 –

2,403 0.31

Mexico – 0.39%

126 Alfa SAB de CV 133 0.02


29 Alsea SAB de CV 69 0.01

149 America Movil SAB de CV 72 0.01

13 Arca Continental SAB de CV 56 0.01

48 Axtel SAB de CV 8 –

14 Banregio Grupo Financiero SAB de CV 60 0.01

25 Bolsa Mexicana de Valores SAB de CV 26 –

420 Cemex SAB de CV 261 0.04

11 Coca–Cola Femsa SAB de CV 57 0.01

51 Consorcio ARA SAB de CV 14 –

45 Controladora Vuela Cia de Aviacion SAB de CV 53 0.01 1

Controladora Vuela Cia de Aviacion SAB de CV, ADR 13 –

17 Corp Actinver SAB de CV 8 –

29 Corp Inmobiliaria Vesta SAB de CV 28 –

1 Corporativo Fragua SAB de CV 7 –

13 Credito Real SAB de CV SOFOM ER 15 –

2 El Puerto de Liverpool SAB de CV 11 –

18 Fomento Economico Mexicano SAB de CV 111 0.01

– Fomento Economico Mexicano SAB de CV, ADR 17 –

44 Genomma Lab Internacional SAB de CV 38 –

65 Gentera SAB de CV 82 0.01

7 Gruma SAB de CV 71 0.01

22 Grupo Aeromexico SAB de CV 30 –

10 Grupo Aeroportuario del Centro Norte SAB de CV 36 –

7 Grupo Aeroportuario del Pacifico SAB de CV 49 0.01

5 Grupo Aeroportuario del Sureste SAB de CV 54 0.01

28 Grupo Bimbo SAB de CV 51 0.01

16 Grupo Carso SAB de CV 47 0.01

22 Grupo Comercial Chedraui SA de CV 32 –

2 Grupo Elektra SAB DE CV 23 –

9 Grupo Famsa SAB de CV 2 –

42 Grupo Financiero Banorte SAB de CV 160 0.03

46 Grupo Financiero Inbursa SAB de CV 50 0.01

7 Grupo Financiero Interacciones SA de CV 20 –

30 Grupo Financiero Santander Mexico SAB de CV 34 –

18 Grupo Herdez SAB de CV 29 –

7 Grupo Industrial Saltillo SAB de CV 10 –

6 Grupo KUO SAB De CV 8 –

12 Grupo Lala SAB de CV 15 –

70 Grupo Mexico SAB de CV 153 0.03

10 Grupo Rotoplas SAB de CV 11 –

19 Grupo Sanborns SAB de CV 17 –

15 Grupo Simec SAB de CV 45 0.01

43 Grupo Televisa SAB 142 0.02

17 Hoteles City Express SAB de CV 10 –

15 Industrias Bachoco SAB de CV 48 0.01

10 Industrias CH SAB de CV 47 0.01

6 Industrias Penoles SAB de CV 95 0.01

6 Infraestructura Energetica Nova SAB de CV 21 –

31 Kimberly–Clark de Mexico SAB de CV 44 0.01

16 La Comer SAB de CV 10 –

21 Megacable Holdings SAB de CV 52 0.01

72 Mexichem SAB de CV 136 0.02

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Mexico – 0.39% (continued)

14 Minera Frisco SAB de CV 8 –

47 OHL Mexico SAB de CV 32 –

9 Organizacion Cultiba SAB de CV 7 –

13 Organizacion Soriana SAB de CV 23 – 7

Promotora y Operadora de Infraestructura SAB de CV 51 0.01

8 Qualitas Controladora SAB de CV 9 –

47 Telesites SAB de CV 22 –

72 TV Azteca SAB de CV 9 –

8 Vitro SAB de CV 16 –

31 Wal–Mart de Mexico SAB de CV 46 0.01

2,953 0.39



2 Accell Group 27 –

40 Aegon NV 163 0.02



1 Altice NV, Class B 11 –


1 Amsterdam Commodities NV 18 –


4 Arcadis NV 38 –



– ASML Holding NV 8 –

1 ASML Holding NV (Netherlands listing) 107 0.01


2 Beter Bed Holding NV 22 –

6 BinckBank NV 27 –



2 Coca–Cola European Partners PLC 62 0.01



3 Fugro NV 41 0.01


1 GrandVision NV 11 –

2 Heijmans NV 9 –


– Hunter Douglas NV 16 –



1 KAS Bank NV 6 –

1 Kendrion NV 14 –






5 Koninklijke Vopak NV 173 0.02


1 NXP Semiconductors NV 88 0.01

17 Ordina NV 26 –

25 PostNL NV 97 0.01


12 RELX NV 154 0.02




4 TomTom NV 24 –

9 Unilever NV 295 0.04

World Equity Fund



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Netherlands – 0.88% (continued)

3 Wessanen 24 –


6,713 0.88

New Zealand – 0.19%

15 a2 Milk Co Ltd 21 –


33 Argosy Property Ltd 19 –

9 Auckland International Airport Ltd 31 –


2 Comvita Ltd 8 –

12 Contact Energy Ltd 31 –

4 Ebos Group Ltd 38 –



3 Freightways Ltd 11 –

20 Genesis Energy Ltd 23 –

4 Gentrack Group Ltd 9 –

27 Heartland Bank Ltd 23 –

23 Infratil Ltd 36 –





6 Mercury NZ Ltd 10 –

6 Meridian Energy Ltd 9 –

8 Metlifecare Ltd 25 –


10 New Zealand Refining Co Ltd 14 –

15 NZME Ltd 5 –

15 NZX Ltd 8 –

11 Port of Tauranga Ltd 24 –

42 Precinct Properties New Zealand Ltd 29 –

14 Property for Industry Ltd 12 –

5 Restaurant Brands New Zealand Ltd 13 –







14 Summerset Group Holdings Ltd 38 –



14 Tower Ltd 6 –



11 Vector Ltd 19 –


1 Xero Ltd 6 –


1,417 0.19

Norway – 0.32%


1 AF Gruppen ASA 11 –


2 Aker ASA 67 0.01

7 Aker BP ASA 90 0.01


6 Atea ASA 46 0.01


55 Axactor AB 16 –

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Norway – 0.32% (continued)



5 BW LPG Ltd 12 –


14 DNB ASA 166 0.03

19 DNO ASA 13 –

2 Ekornes ASA 23 –

4 Entra ASA 30 –


5 Frontline Ltd 28 –

2 Gjensidige Forsikring ASA 26 –

3 Grieg Seafood ASA 25 –

8 Hexagon Composites ASA 21 –

1 Hoegh LNG Holdings Ltd 7 –

46 Kongsberg Automotive ASA 25 –

2 Kongsberg Gruppen ASA 21 –


1 Leroy Seafood Group ASA 58 0.01


4 Nordic Semiconductor ASA 12 –


1 Norwegian Air Shuttle ASA 30 –


5 Opera Software ASA 28 –

4 Orkla ASA 31 –

11 Petroleum Geo–Services ASA 25 –

44 Prosafe SE 1 –

6 Protector Forsikring ASA 38 –


2 Salmar ASA 48 0.01

3 Scatec Solar ASA 9 –

1 Schibsted ASA, Class A 18 –

1 Schibsted ASA, Class B 17 –

11 Seadrill Ltd 24 –

2 SpareBank 1 SMN 12 –

10 SpareBank 1 SR–Bank ASA 53 0.01


2 Stolt–Nielsen Ltd 16 –


15 Subsea 7 SA 140 0.03

7 Telenor ASA 81 0.01




2 Veidekke ASA 26 –



3 XXL ASA 25 –


2,442 0.32

Peru – 0.01%

1 Cia de Minas Buenaventura SAA, ADR 11 –

1 Credicorp Ltd 87 0.01

1 Grana y Montero SAA, ADR 6 –

104 0.01

Philippines – 0.14%

13 Aboitiz Equity Ventures Inc 16 –

27 Aboitiz Power Corp 18 –

189 Alliance Global Group Inc 39 0.02

2 Ayala Corp 21 –

59 Ayala Land Inc 31 –

31 BDO Unibank Inc 56 0.02

385 Belle Corp 18 –

World Equity Fund



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Philippines – 0.14% (continued)

108 Bloomberry Resorts Corp 11 –

10 Cebu Air Inc 16 –

5 China Banking Corp 3 –

73 Cosco Capital Inc 10 –

94 D&L Industries Inc 17 –

177 DMCI Holdings Inc 39 0.02

130 Emperador Inc 15 –

572 Energy Development Corp 47 0.02

690 Filinvest Land Inc 19 –

75 First Gen Corp 26 –

25 First Philippine Holdings Corp 27 –

2 Globe Telecom Inc 35 –

1 GT Capital Holdings Inc 27 –

29 International Container Terminal Services Inc 34 –

9 JG Summit Holdings Inc 10 –

6 Jollibee Foods Corp 21 –

195 Lopez Holdings Corp 24 –

87 LT Group Inc 18 –

4 Manila Electric Co 15 –

43 Manila Water Co Inc 20 –

489 Megaworld Corp 29 –

417 Metro Pacific Investments Corp 42 0.02

11 Metropolitan Bank & Trust Co 13 –

85 Petron Corp 13 –

93 Philex Mining Corp 12 –

21 Philippine National Bank 19 –

– PLDT Inc 7 –

– PLDT Inc, ADR 10 –

28 Puregold Price Club Inc 18 –

13 Rizal Commercial Banking Corp 7 –

70 Robinsons Land Corp 29 –

20 Robinsons Retail Holdings Inc 24 –

30 San Miguel Corp 40 0.02

20 Security Bank Corp 59 0.02

12 Semirara Mining & Power Corp 25 –

24 SM Prime Holdings Inc 10 –

13 Union Bank of the Philippines 15 –

3 Universal Robina Corp 8 –

337 Vista Land & Lifescapes Inc 27 –

1,040 0.14

Poland – 0.17%

3 Alior Bank SA 26 –

– Amica SA 13 –

5 Asseco Poland SA 51 0.02

38 Bank Millennium SA 38 –

1 Bank Pekao SA 20 –

– Bank Zachodni WBK SA 15 –

7 Boryszew SA 10 –

– Budimex SA 19 –

1 CCC SA 19 –

3 CD Projekt SA 31 –

– ComArch SA 11 –

7 Cyfrowy Polsat SA 30 –

17 Enea SA 30 –

4 Energa SA 6 –

2 Eurocash SA 14 –

1 Fabryki Mebli Forte SA 11 –

12 Globe Trade Centre SA 18 –

2 Grupa Azoty SA 21 –

1 Grupa Kety SA 55 0.02


– ING Bank Slaski SA 12 –

– Inter Cars SA 11 –

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Poland – 0.17% (continued)

8 Jastrzebska Spolka Weglowa SA 130 0.03

3 Kernel Holding SA 40 0.01

2 KGHM Polska Miedz SA 39 0.01

1 KRUK SA 21 –

– LPP SA 11 –

– mBank SA 26 –

25 Netia SA 22 –

24 Orange Polska SA 25 –

2 Orbis SA 27 –

2 Pfleiderer Group SA 13 –

39 PGE Polska Grupa Energetyczna SA 69 0.02

1 PKP Cargo SA 9 –

10 Polski Koncern Naftowy Orlen SA 143 0.03

11 Polskie Gornictwo Naftowe i Gazownictwo SA 11 –

10 Powszechna Kasa Oszczednosci Bank Polski SA 47 0.01

5 Powszechny Zaklad Ubezpieczen SA 29 –

16 Stalexport Autostrady SA 11 –

– Stalprodukt SA 16 –

32 Synthos SA 27 –

63 Tauron Polska Energia SA 32 –

2 Warsaw Stock Exchange 16 –

1,273 0.17

Portugal – 0.10%

6 Altri SGPS SA 17 –


21 Banco Comercial Portugues SA 21 –


6 CTT–Correios de Portugal SA 31 –

23 EDP – Energias de Portugal SA 52 0.01




9 Mota–Engil SGPS SA 11 –


13 NOS SGPS SA 57 0.01

10 REN – Redes Energeticas Nacionais SGPS SA 21 –

2 Semapa–Sociedade de Investimento e Gestao 19 –


736 0.10

Russia – 0.11%

35 Gazprom PJSC, ADR 129 0.03

2 Lukoil PJSC, ADR 92 0.02

8 Magnitogorsk Iron & Steel OJSC, GDR 42 0.01

2 MegaFon PJSC, GDR 17 –

3 MMC Norilsk Nickel PJSC, ADR 45 0.01

– Novatek OJSC 25 –

2 Novolipetsk Steel PJSC, GDR 31 –

2 PhosAgro PJSC, GDR 27 –

6 Rosneft PJSC, GDR 25 –

1 Rostelecom PJSC, ADR 8 –

27 RusHydro PJSC, ADR 30 –

20 Sberbank of Russia PJSC, ADR 159 0.03

3 Severstal PJSC, GDR 35 –

3 Tatneft PJSC, ADR 81 0.01

4 TMK PJSC, GDR 16 –

13 VimpelCom Ltd, ADR 36 –

23 VTB Bank PJSC, GDR 38 –

1 X5 Retail Group NV, GDR 15 –

851 0.11

Singapore – 0.41%



World Equity Fund



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Value (000's)

GBP



Singapore – 0.41% (continued)



11 Bukit Sembawang Estates Ltd 29 –

20 CapitaLand Ltd 34 –

20 China Aviation Oil Singapore Corp Ltd 15 –







23 CWT Ltd 26 –

7 Dairy Farm International Holdings Ltd 39 0.01



17 Delfi Ltd 23 –






49 Genting Singapore PLC 26 –

29 GL Ltd 12 –


331 Golden Agri–Resources Ltd 79 0.02

1 Great Eastern Holdings Ltd 11 –





16 Hong Leong Finance Ltd 19 –

5 Hongkong Land Holdings Ltd 25 –

18 Hour Glass Ltd 7 –


67 Hyflux Ltd 18 –


36 Japfa Ltd 18 –

2 Jardine Cycle & Carriage Ltd 36 –

19 k1 Ventures Ltd 10 –


85 Keppel Infrastructure Trust 23 –



17 M1 Ltd 19 –

19 Mandarin Oriental International Ltd 19 –

45 Metro Holdings Ltd 25 –




13 Olam International Ltd 15 –

20 OUE Ltd 19 –

50 Oversea–Chinese Banking Corp Ltd 252 0.04


16 Perennial Real Estate Holdings Ltd 7 –

13 QAF Ltd 9 –

30 Raffles Medical Group Ltd 25 –


19 Riverstone Holdings Ltd 9 –

22 SATS Ltd 59 0.01


30 Sembcorp Marine Ltd 24 –

34 Sheng Siong Group Ltd 19 –

8 SIA Engineering Co Ltd 15 –

Shares (000's)

Value (000's)

GBP



Singapore – 0.41% (continued)

31 SIIC Environment Holdings Ltd 11 –

119 Sinarmas Land Ltd 30 –


9 Singapore Exchange Ltd 38 –


14 Singapore Press Holdings Ltd 29 –




20 StarHub Ltd 32 –


26 Super Group Ltd (Singapore listing) 18 –







8 UOB–Kay Hian Holdings Ltd 5 –


29 Valuetronics Holdings Ltd 9 –



14 Wheelock Properties Singapore Ltd 11 –

5 Wilmar International Ltd 10 –

21 Wing Tai Holdings Ltd 19 –

3,127 0.41

South Africa – 0.83%

8 Adcorp Holdings Ltd 6 –

10 Aeci Ltd 57 0.01

7 African Rainbow Minerals Ltd 42 0.01

32 Alexander Forbes Group Holdings Ltd 12 –

2 Anglo American Platinum Ltd 28 –

16 AngloGold Ashanti Ltd 145 0.03

13 AngloGold Ashanti Ltd, ADR 115 0.03

38 ArcelorMittal South Africa Ltd 22 –

34 Arrowhead Properties Ltd 17 –

15 Ascendis Health Ltd 20 –

4 Aspen Pharmacare Holdings Ltd 61 0.01

4 Assore Ltd 45 0.01

3 Astral Foods Ltd 20 –

15 Attacq Ltd 14 –

7 Aveng Ltd 3 –

23 AVI Ltd 114 0.02

9 Barclays Africa Group Ltd 80 0.01

15 Barloworld Ltd 92 0.02

11 Bid Corp Ltd 155 0.03

19 Bidvest Group Ltd 176 0.03

30 Blue Label Telecoms Ltd 32 –

27 Brait SE 132 0.02

2 Capitec Bank Holdings Ltd 61 0.01

2 Cashbuild Ltd 37 –

3 City Lodge Hotels Ltd 26 –

13 Clicks Group Ltd 89 0.01

10 Clover Industries Ltd 11 –

5 Consolidated Infrastructure Group Ltd 6 –

9 Coronation Fund Managers Ltd 38 –

7 Curro Holdings Ltd 19 –

16 DataTec Ltd 40 0.01

17 Discovery Ltd 106 0.02

2 Distell Group Ltd 17 –

28 DRDGOLD Ltd 9 –

World Equity Fund



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GBP



South Africa – 0.83% (continued)

9 EOH Holdings Ltd 80 0.01

12 Exxaro Resources Ltd 68 0.01

4 Famous Brands Ltd 38 –

58 FirstRand Ltd 165 0.03

18 Foschini Group Ltd 152 0.03

31 Gold Fields Ltd 77 0.01

40 Gold Fields Ltd, ADR 97 0.01

36 Grindrod Ltd 28 –

9 Group Five Ltd 12 –

23 Harmony Gold Mining Co Ltd 42 0.01

4 Holdsport Ltd 13 –

2 Hudaco Industries Ltd 14 –

44 Impala Platinum Holdings Ltd 111 0.02

12 Imperial Holdings Ltd 116 0.02

7 Investec Ltd 37 –

2 Invicta Holdings Ltd 7 –

7 JSE Ltd 65 0.01

84 KAP Industrial Holdings Ltd 36 –

3 Kumba Iron Ore Ltd 33 –

7 Lewis Group Ltd 14 –

9 Liberty Holdings Ltd 58 0.01

49 Life Healthcare Group Holdings Ltd 87 0.01

10 Massmart Holdings Ltd 65 0.01

6 Metair Investments Ltd 8 –

75 MMI Holdings Ltd 93 0.01

2 Mondi Ltd 34 –

12 Mpact Ltd 22 –

6 Mr Price Group Ltd 49 0.01

21 MTN Group Ltd 134 0.02

21 Murray & Roberts Holdings Ltd 13 –

26 Nampak Ltd 24 –

1 Naspers Ltd 121 0.02

5 Nedbank Group Ltd 69 0.01

57 Netcare Ltd 101 0.01

2 New Europe Property Investments PLC 17 –

25 Northam Platinum Ltd 59 0.01

2 Oceana Group Ltd 17 –

11 Octodec Investments Ltd 13 –

4 Omnia Holdings Ltd 37 –

15 Peregrine Holdings Ltd 23 –

14 Pick n Pay Stores Ltd 52 0.01

6 Pinnacle Holdings Ltd 5 –

7 Pioneer Foods Group Ltd 64 0.01

120 PPC Ltd 37 –

2 PSG Group Ltd 17 –

8 Raubex Group Ltd 10 –

12 RCL Foods Ltd 8 –

9 Reunert Ltd 32 –

11 Rhodes Food Group Pty Ltd 15 –

8 Royal Bafokeng Platinum Ltd 16 –

54 Sanlam Ltd 188 0.02

3 Santam Ltd 39 0.01

41 Sappi Ltd 195 0.03

1 Sasol Ltd 26 –

11 Sasol Ltd, ADR 239 0.03

10 Shoprite Holdings Ltd 105 0.01

21 Sibanye Gold Ltd 35 –

7 SPAR Group Ltd 70 0.01

6 Spur Corp Ltd 12 –

30 Standard Bank Group Ltd 259 0.03

32 Steinhoff International Holdings NV 119 0.02

9 Sun International Ltd 41 0.01

25 Super Group Ltd (South Africa listing) 57 0.01

Shares (000's)

Value (000's)

GBP




19 Telkom SA SOC Ltd 76 0.01

8 Tiger Brands Ltd 177 0.02

10 Tongaat Hulett Ltd 75 0.01

29 Transaction Capital Ltd 26 –

8 Trencor Ltd 15 –

26 Truworths International Ltd 104 0.01

31 Tsogo Sun Holdings Ltd 49 0.01

2 Vodacom Group Ltd 13 –

3 Wilson Bayly Holmes–Ovcon Ltd 21 –

18 Woolworths Holdings Ltd 66 0.01

6,359 0.83

Spain – 0.78%





– Aena SA 48 0.01




2 Atresmedia Corp de Medios de Comunicacion SA 18 –





120 Bankia SA 85 0.01


– Baron de Ley 5 –



1 Cellnex Telecom SA 14 –

2 Cia de Distribucion Integral Logista Holdings SA 30 –






6 eDreams Odigeo SA 13 –

2 Elecnor SA 14 –

10 Enagas SA 198 0.03

13 Ence Energia y Celulosa SA 24 –

6 Endesa SA 101 0.01

17 Ercros SA 27 –



3 Fluidra SA 12 –





79 Iberdrola SA 380 0.05

1 Iberpapel Gestion SA 9 –

– Iberpapel Gestion SA – –

3 Indra Sistemas SA 28 –

5 Industria de Diseno Textil SA 148 0.02


1 Laboratorios Farmaceuticos Rovi SA 6 –

23 Liberbank SA 18 –

66 Mapfre SA 159 0.02



1 Miquel y Costas & Miquel SA 22 –

9 NH Hotel Group SA 28 –

World Equity Fund



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Value (000's)

GBP



Spain – 0.78% (continued)

1 Nmas1 Dinamia SA 4 –

11 Obrascon Huarte Lain SA 23 –

3 Papeles y Cartones de Europa SA 13 –

3 Pharma Mar SA 7 –

2 Promotora de Informaciones SA 10 –


7 Red Electrica Corp SA 94 0.01

25 Repsol SA 265 0.03

24 Sacyr SA 40 0.01

2 Saeta Yield SA 16 –



12 Tubacex SA 27 –





5,980 0.78

Sweden – 0.98%

1 AAK AB 55 0.01

12 Acando AB 26 –

1 AddLife AB 8 –

2 AddTech AB 24 –

3 AF AB 44 0.01





1 Atrium Ljungberg AB 15 –

1 Avanza Bank Holding AB 32 –

3 Axfood AB 32 –

1 B&B Tools AB 21 –

2 Beijer Alma AB 30 –

1 Beijer Ref AB 17 –

4 Betsson AB 32 –

4 Bilia AB 64 0.01


1 BioGaia AB 20 –


– Bonava AB 3 –


2 Bulten AB 14 –


3 Byggmax Group AB 17 –


3 Clas Ohlson AB 34 –

12 Cloetta AB 31 –


3 Concentric AB 29 –

1 Dios Fastigheter AB 6 –

2 Doro AB 10 –

1 Duni AB 14 –



1 Elanders AB 12 –


6 Elekta AB 42 0.01

1 Enea AB 9 –

5 Fabege AB 67 0.01


3 Fastighets AB Balder 47 0.01



Shares (000's)

Value (000's)

GBP




3 Granges AB 19 –

2 Gunnebo AB 9 –

4 Haldex AB 43 0.01




14 Hexpol AB 96 0.02


4 Holmen AB 99 0.02




2 ICA Gruppen AB 37 –



3 Inwido AB 21 –


5 JM AB 112 0.02

6 KappAhl AB 23 –

27 Klovern AB 22 –

2 KNOW IT AB 14 –


4 Lagercrantz Group AB 26 –

1 Lifco AB 10 –

4 Lindab International AB 27 –

5 Loomis AB 96 0.01

2 Lundin Petroleum AB 33 –

2 Medivir AB 15 –

1 Mekonomen AB 20 –




3 Mycronic AB 27 –

5 NCC AB 93 0.01

6 NetEnt AB 38 –



7 Nobia AB 48 0.01

2 Nolato AB 41 0.01


7 Nordnet AB 23 –


1 Oriflame Holding AG 20 –

1 Pandox AB 14 –

15 Peab AB 92 0.01

17 Pricer AB 13 –



13 Ratos AB 42 0.01

2 RaySearch Laboratories AB 24 –

2 Recipharm AB 20 –


3 Saab AB 89 0.01

2 Sagax AB 14 –


8 SAS AB 10 –


1 Sectra AB 11 –




1 SKF AB, Class A 12 –

15 SKF AB, Class B 218 0.03

World Equity Fund



Shares (000's)

Value (000's)

GBP




1 SkiStar AB 17 –



– Svenska Cellulosa AB SCA, Class A 8 –

13 Svenska Cellulosa AB SCA, Class B 279 0.04


3 Sweco AB 43 0.01


3 Swedish Match AB 75 0.01


22 Tele2 AB 135 0.02

3 Tele2 AB (BTA) 19 –


68 Telia Co AB 203 0.03




5 Unibet Group PLC 37 –

8 Victoria Park AB 16 –

– Vitrolife AB 16 –





7,528 0.98

Switzerland – 2.15%

46 ABB Ltd 752 0.10



2 AFG Arbonia–Forster Holding AG 30 –


– Alpiq Holding AG 19 –

– ALSO Holding AG 14 –

3 ams AG 70 0.01

– APG SGA SA 25 –




– Bachem Holding AG 14 –



– Banque Cantonale de Geneve 8 –


– Barry Callebaut AG 126 0.02



– Bell AG 26 –


– Berner Kantonalbank AG 43 0.01

– BKW AG 18 –


1 Bossard Holding AG 62 0.01

– Bucher Industries AG 78 0.01


– Burkhalter Holding AG 20 –

– Calida Holding AG 12 –

– Carlo Gavazzi Holding AG 9 –


– Cham Paper Holding AG 9 –

– Chocoladefabriken Lindt & Spruengli AG 46 0.01


– Cie Financiere Tradition SA 12 –


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GBP



Switzerland – 2.15% (continued)


– Conzzeta AG 34 –


– Daetwyler Holding AG 50 0.01



2 Dufry AG 224 0.04

3 EFG International AG 12 –

– Emmi AG 70 0.01

– EMS–Chemie Holding AG 76 0.01








– Geberit AG 146 0.02


– Givaudan SA 211 0.03

– Gurit Holding AG 27 –

– Helvetia Holding AG 183 0.02

– Hiag Immobilien Holding AG 9 –

– HOCHDORF Holding AG 30 –

1 Huber + Suhner AG 47 0.01



– Interroll Holding AG 37 –

– Intershop Holding AG 15 –


1 Kardex AG 34 –

– Komax Holding AG 36 –

3 Kudelski SA 37 –

1 Kuehne + Nagel International AG 67 0.01


– LEM Holding SA 19 –

1 Liechtensteinische Landesbank AG 27 –


2 Lonza Group AG 355 0.05


– Metall Zug AG 30 –


1 Mobilezone Holding AG 9 –

– Mobimo Holding AG 79 0.01

46 Nestle SA 2,500 0.34



– Orascom Development Holding AG 1 –

– Orell Fuessli Holding AG 7 –

– Orior AG 20 –


– Partners Group Holding AG 170 0.02

– Phoenix Mecano AG 13 –



– Rieter Holding AG 35 –

4 Roche Holding AG (non–voting rights) 752 0.10

– Roche Holding AG (voting rights) 32 –



– Schindler Holding AG 36 –

34 Schmolz + Bickenbach AG 17 –


World Equity Fund



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Value (000's)

GBP



Switzerland – 2.15% (continued)


– SGS SA 115 0.02

– Siegfried Holding AG 37 –

– Sika AG 395 0.05

2 Sonova Holding AG 207 0.03



1 Sulzer AG 74 0.01


1 Swatch Group AG (BR) 163 0.02

1 Swatch Group AG (REG) 50 0.01




1 Swisscom AG 179 0.02


1 Syngenta AG 441 0.06

– Tamedia AG 15 –



– Thurgauer Kantonalbank 9 –

– u–blox Holding AG 45 0.01




– Vaudoise Assurances Holding SA 19 –

– Vetropack Holding AG 20 –



– VZ Holding AG 27 –



– Ypsomed Holding AG 21 –

1 Zehnder Group AG 15 –

– Zug Estates Holding AG 10 –



16,486 2.15

Taiwan – 1.76%

26 A–DATA Technology Co Ltd 35 –

22 Ability Enterprise Co Ltd 9 –

37 AcBel Polytech Inc 21 –

49 Accton Technology Corp 53 0.02

139 Acer Inc 47 0.01

8 Actron Technology Corp 20 –

11 Adlink Technology Inc 14 –

122 Advanced Semiconductor Engineering Inc 105 0.02

12 Advanced Wireless Semiconductor Co 14 –

3 Advantech Co Ltd 19 –

53 AGV Products Corp 10 –

5 Airtac International Group 30 –

50 ALI Corp 21 –

23 Altek Corp 12 –

24 Ambassador Hotel 14 –

37 AmTRAN Technology Co Ltd 20 –

16 Apex Biotechnology Corp 17 –

22 Ardentec Corp 13 –

79 Asia Cement Corp 55 0.02

30 Asia Optical Co Inc 23 –

73 Asia Pacific Telecom Co Ltd 18 –

46 Asia Polymer Corp 21 –

37 Asia Vital Components Co Ltd 22 –

2 ASPEED Technology Inc 23 –

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GBP



Taiwan – 1.76% (continued)

13 Asustek Computer Inc 86 0.02

9 Aten International Co Ltd 18 –

439 AU Optronics Corp 126 0.03

13 Basso Industry Corp 24 –

86 BES Engineering Corp 14 –

6 Bizlink Holding Inc 23 –

21 Boardtek Electronics Corp 16 –

141 Capital Securities Corp 32 –

36 Career Technology MFG. Co Ltd 16 –

9 Casetek Holdings Ltd 20 –

27 Catcher Technology Co Ltd 156 0.03

76 Cathay Financial Holding Co Ltd 89 0.02

57 Cathay Real Estate Development Co Ltd 26 –

72 Chailease Holding Co Ltd 99 0.02

128 Chang Hwa Commercial Bank Ltd 55 0.02

32 Charoen Pokphand Enterprise 37 –

8 Chaun–Choung Technology Corp 23 –

7 CHC Resources Corp 9 –

93 Cheng Loong Corp 28 –

17 Cheng Shin Rubber Industry Co Ltd 26 –

35 Cheng Uei Precision Industry Co Ltd 32 –

20 Chicony Electronics Co Ltd 38 –

18 Chicony Power Technology Co Ltd 23 –

14 Chilisin Electronics Corp 25 –

41 Chimei Materials Technology Corp 12 –

24 Chin–Poon Industrial Co Ltd 37 –

242 China Airlines Ltd 58 0.02

69 China Bills Finance Corp 22 –

34 China Chemical & Pharmaceutical Co Ltd 15 –

272 China Development Financial Holding Corp 54 0.02

53 China General Plastics Corp 36 –


84 China Man–Made Fiber Corp 18 –

15 China Metal Products 13 –

49 China Motor Corp 33 –

168 China Petrochemical Development Corp 40 0.01

6 China Steel Chemical Corp 17 –

125 China Steel Corp 78 0.02

35 China Synthetic Rubber Corp 24 –

27 Chipbond Technology Corp 30 –


6 Chlitina Holding Ltd 21 –

13 Chong Hong Construction Co Ltd 19 –

17 Chroma ATE Inc 34 –

58 Chun Yuan Steel 18 –

62 Chung Hung Steel Corp 16 –

65 Chung Hwa Pulp Corp 14 –

37 Chung–Hsin Electric & Machinery Manufacturing Corp 16 –

2 Chunghwa Precision Test Tech Co Ltd 59 0.02

15 Chunghwa Telecom Co Ltd 40 0.01

1 Chunghwa Telecom Co Ltd, ADR 15 –

2 Cleanaway Co Ltd 8 –

42 Clevo Co 29 –

258 CMC Magnetics Corp 23 –

236 Compal Electronics Inc 107 0.02

81 Compeq Manufacturing Co Ltd 31 –

34 Coretronic Corp 29 –

15 Coxon Precise Industrial Co Ltd 12 –

42 CSBC Corp Taiwan 14 –

272 CTBC Financial Holding Co Ltd 119 0.03

20 CTCI Corp 25 –

4 Cub Elecparts Inc 25 –

7 Cyberlink Corp 12 –

World Equity Fund



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27 CyberTAN Technology Inc 12 –

37 D–Link Corp 9 –

57 Darwin Precisions Corp 17 –

27 De Licacy Industrial Co Ltd 18 –

17 Delta Electronics Inc 66 0.02

5 Depo Auto Parts Ind Co Ltd 11 –

13 Dynapack International Technology Corp 12 –

58 E Ink Holdings Inc 33 –

181 E.Sun Financial Holding Co Ltd 84 0.02

81 Eastern Media International Corp 16 –

4 Eclat Textile Co Ltd 34 –

14 Elan Microelectronics Corp 12 –

8 Elite Advanced Laser Corp 25 –

26 Elite Material Co Ltd 54 0.02

20 Elite Semiconductor Memory Technology Inc 16 –

13 Elitegroup Computer Systems Co Ltd 4 –

1 eMemory Technology Inc 8 –

3 Ennoconn Corp 35 –

35 EnTie Commercial Bank Co Ltd 11 –

54 Epistar Corp 32 –

31 Eternal Materials Co Ltd 26 –

63 Etron Technology Inc 19 –

151 Eva Airways Corp 59 0.02

31 Everest Textile Co Ltd 13 –

53 Evergreen International Storage & Transport Corp 18 –

81 Evergreen Marine Corp Taiwan Ltd 25 –

22 Everlight Chemical Industrial Corp 11 –

32 Everlight Electronics Co Ltd 37 –

13 Excelsior Medical Co Ltd 15 –

70 Far Eastern Department Stores Ltd 28 –

105 Far Eastern International Bank 24 –

94 Far Eastern New Century Corp 55 0.02

16 Far EasTone Telecommunications Co Ltd 30 –

8 Faraday Technology Corp 6 –

37 Farglory Land Development Co Ltd 34 –

42 Federal Corp 13 –

34 Feng Hsin Steel Co Ltd 39 0.01

12 Feng TAY Enterprise Co Ltd 37 –

186 First Financial Holding Co Ltd 78 0.02

23 FLEXium Interconnect Inc 50 0.02

3 Flytech Technology Co Ltd 7 –

22 FocalTech Systems Co Ltd 19 –

39 Formosa Chemicals & Fibre Corp 98 0.02

4 Formosa International Hotels Corp 17 –

9 Formosa Petrochemical Corp 24 –

29 Formosa Plastics Corp 66 0.02

42 Formosa Taffeta Co Ltd 31 –

53 Formosan Rubber Group Inc 20 –

46 Formosan Union Chemical 19 –

30 Foxconn Technology Co Ltd 63 0.02

109 Fubon Financial Holding Co Ltd 135 0.03

43 Gemtek Technology Corp 22 –

11 General Interface Solution Holding Ltd 25 –

23 Getac Technology Corp 23 –

12 Giant Manufacturing Co Ltd 57 0.02

23 Gigabyte Technology Co Ltd 24 –

2 Gigasolar Materials Corp 18 –

28 Gigastorage Corp 15 –

3 Ginko International Co Ltd 22 –

47 Gintech Energy Corp 21 –

11 Global Unichip Corp 21 –

3 Globalwafers Co Ltd 7 –

31 Gloria Material Technology Corp 14 –

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80 Gold Circuit Electronics Ltd 23 –

96 Goldsun Building Materials Co Ltd 17 –

4 Gourmet Master Co Ltd 28 –

85 Grand Pacific Petrochemical 45 0.01

4 Grape King Bio Ltd 24 –

41 Great Wall Enterprise Co Ltd 30 –

17 Greatek Electronics Inc 16 –

5 Green Seal Holding Ltd 18 –

37 Hannstar Board Corp 18 –

269 HannStar Display Corp 61 0.02

35 Hey Song Corp 28 –

49 Highwealth Construction Corp 59 0.02

7 Hiroca Holdings Ltd 16 –

36 Hitron Technology Inc 18 –

10 Hiwin Technologies Corp 34 –

60 Ho Tung Chemical Corp 12 –

11 Holtek Semiconductor Inc 13 –

20 Holy Stone Enterprise Co Ltd 16 –

183 Hon Hai Precision Industry Co Ltd 376 0.06

8 Hota Industrial Manufacturing Co Ltd 24 –

5 Hotai Motor Co Ltd 46 0.01

33 HTC Corp 70 0.02

6 Hu Lane Associate Inc 21 –

141 Hua Nan Financial Holdings Co Ltd 57 0.02

19 Huaku Development Co Ltd 28 –

12 Huang Hsiang Construction Corp 13 –

23 Hung Poo Real Estate Development Corp 16 –

23 Hung Sheng Construction Ltd 10 –

15 I–Sheng Electric Wire & Cable Co Ltd 17 –

15 Ibase Technology Inc 22 –

33 Ichia Technologies Inc 11 –

22 IEI Integration Corp 26 –

375 Innolux Corp 103 0.02

99 Inotera Memories Inc 74 0.02

9 Integrated Service Technology Inc 23 –

6 International Games System Co Ltd 29 –

101 Inventec Corp 54 0.02

29 ITEQ Corp 24 –

101 Jih Sun Financial Holdings Co Ltd 17 –

5 KD Holding Corp 22 –

34 KEE TAI Properties Co Ltd 9 –

18 Kenda Rubber Industrial Co Ltd 21 –

15 Kerry TJ Logistics Co Ltd 17 –

37 Kindom Construction Corp 19 –

1 King Slide Works Co Ltd 9 –



8 Kinik Co 11 –

81 Kinpo Electronics 23 –

20 Kinsus Interconnect Technology Corp 36 –

4 KMC Kuei Meng International Inc 10 –

5 Kung Long Batteries Industrial Co Ltd 18 –

41 Kuoyang Construction Co Ltd 13 –

14 L&K Engineering Co Ltd 9 –

1 Largan Precision Co Ltd 92 0.02

35 LCY Chemical Corp 33 –

75 Lealea Enterprise Co Ltd 15 –

21 Lextar Electronics Corp 7 –

72 Li Peng Enterprise Co Ltd 14 –

41 Lien Hwa Industrial Corp 22 –

54 Lingsen Precision Industries Ltd 16 –

35 Lite–On Semiconductor Corp 18 –

123 Lite–On Technology Corp 155 0.03

World Equity Fund



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36 Long Bon International Co Ltd 16 –

75 Long Chen Paper Co Ltd 30 –

244 Macronix International 25 –

9 Makalot Industrial Co Ltd 29 –

32 Masterlink Securities Corp 7 –

14 MediaTek Inc 77 0.02

85 Mega Financial Holding Co Ltd 49 0.02

44 Mercuries & Associates Holding Ltd 25 –

49 Mercuries Life Insurance Co Ltd 21 –

13 Merida Industry Co Ltd 46 0.01

24 Merry Electronics Co Ltd 73 0.02

44 Micro–Star International Co Ltd 94 0.02

27 Microbio Co Ltd 15 –

9 Microlife Corp 16 –

18 MIN AIK Technology Co Ltd 14 –

4 Mirle Automation Corp 4 –

21 Mitac Holdings Corp 17 –

23 Motech Industries Inc 15 –

8 Nak Sealing Technologies Corp 16 –

14 Namchow Chemical Industrial Co Ltd 23 –

23 Nan Kang Rubber Tire Co Ltd 17 –

39 Nan Ya Plastics Corp 66 0.02

28 Nan Ya Printed Circuit Board Corp 17 –

26 Nantex Industry Co Ltd 14 –

23 Nanya Technology Corp 26 –

26 Neo Solar Power Corp 10 –

21 Nien Hsing Textile Co Ltd 13 –

3 Nien Made Enterprise Co Ltd 27 –

26 Novatek Microelectronics Corp 69 0.02

73 OptoTech Corp 26 –

61 Orient Semiconductor Electronics Ltd 18 –

40 Oriental Union Chemical Corp 22 –

9 Pacific Hospital Supply Co Ltd 19 –

42 Pan Jit International Inc 16 –

19 Pan–International Industrial Corp 11 –

4 Parade Technologies Ltd 34 –

4 PChome Online Inc 26 –

93 Pegatron Corp 177 0.03

4 Phison Electronics Corp 24 –

11 Pixart Imaging Inc 18 –

36 Pou Chen Corp 36 –

43 Powertech Technology Inc 88 0.02

1 Poya International Co Ltd 10 –

6 President Chain Store Corp 36 –

70 President Securities Corp 20 –

19 Primax Electronics Ltd 22 –

50 Prince Housing & Development Corp 14 –

146 Qisda Corp 56 0.02

65 Quanta Computer Inc 97 0.02

33 Quanta Storage Inc 23 –

17 Radiant Opto–Electronics Corp 25 –

35 Radium Life Tech Co Ltd 9 –

19 Realtek Semiconductor Corp 47 0.01

28 Rechi Precision Co Ltd 23 –

38 Rich Development Co Ltd 8 –

162 Ritek Corp 21 –

35 Ruentex Development Co Ltd 33 –

10 Ruentex Industries Ltd 15 –

24 Run Long Construction Co Ltd 20 –

48 Sampo Corp 22 –

17 San Fang Chemical Industry Co Ltd 15 –

11 San Shing Fastech Corp 15 –

28 Sanyang Motor Co Ltd 15 –

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21 Sercomm Corp 43 0.01

17 Shihlin Electric & Engineering Corp 17 –

404 Shin Kong Financial Holding Co Ltd 83 0.02

7 Shin Zu Shing Co Ltd 15 –

28 Shinkong Insurance Co Ltd 19 –

47 Shinkong Synthetic Fibers Corp 11 –

27 Sigurd Microelectronics Corp 16 –

3 Silergy Corp 36 –

18 Siliconware Precision Industries Co Ltd 21 –


19 Sinbon Electronics Co Ltd 31 –

30 Sincere Navigation Corp 15 –

37 Sino–American Silicon Products Inc 27 –

382 SinoPac Financial Holdings Co Ltd 87 0.02

17 Sirtec International Co Ltd 17 –

6 Sitronix Technology Corp 17 –

12 Soft–World International Corp 19 –

31 Solar Applied Materials Technology Co 5 –

2 Sporton International Inc 9 –

2 St Shine Optical Co Ltd 31 –

12 Standard Foods Corp 23 –

53 Sunplus Technology Co Ltd 15 –

4 Swancor Holding Co Ltd 7 –

17 Syncmold Enterprise Corp 25 –


16 Systex Corp 22 –

32 TA Chen Stainless Pipe 15 –

101 Taichung Commercial Bank Co Ltd 23 –

3 TaiDoc Technology Corp 8 –

23 Taiflex Scientific Co Ltd 19 –

4 TaiMed Biologics Inc 18 –

79 Tainan Spinning Co Ltd 24 –

204 Taishin Financial Holding Co Ltd 60 0.02

11 Taiwan Acceptance Corp 21 –

282 Taiwan Business Bank 57 0.02

98 Taiwan Cement Corp 90 0.02

32 Taiwan Cogeneration Corp 18 –

154 Taiwan Cooperative Financial Holding Co Ltd 54 0.02

3 Taiwan FamilyMart Co Ltd 16 –


19 Taiwan FU Hsing Industrial Co Ltd 19 –

60 Taiwan Glass Industry Corp 20 –


84 Taiwan Land Development Corp 21 –

7 Taiwan Mobile Co Ltd 19 –

10 Taiwan Paiho Ltd 24 –

27 Taiwan PCB Techvest Co Ltd 21 –

8 Taiwan Secom Co Ltd 17 –

33 Taiwan Semiconductor Co Ltd 27 –

182 Taiwan Semiconductor Manufacturing Co Ltd 836 0.12

4 Taiwan Semiconductor Manufacturing Co Ltd, ADR 83 0.02

16 Taiwan Shin Kong Security Co Ltd 16 –

49 Taiwan Styrene Monomer 26 –

26 Taiwan Surface Mounting Technology Corp 17 –

39 Taiwan TEA Corp 14 –

24 Taiwan Union Technology Corp 19 –

140 Tatung Co Ltd 34 –

102 Teco Electric and Machinery Co Ltd 68 0.02

12 Test Research Inc 12 –

11 Thinking Electronic Industrial Co Ltd 17 –

16 Thye Ming Industrial Co Ltd 14 –

28 Ton Yi Industrial Corp 10 –

12 Tong Hsing Electronic Industries Ltd 29 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




17 Tong Yang Industry Co Ltd 29 –

26 Tong–Tai Machine & Tool Co Ltd 14 –

6 TOPBI International Holdings Ltd 16 –

15 Topco Scientific Co Ltd 29 –

9 Toung Loong Textile Manufacturing 17 –

26 TPK Holding Co Ltd 35 –

5 Transcend Information Inc 11 –


9 TrueLight Corp 12 –

24 TSRC Corp 19 –

8 TTY Biopharm Co Ltd 20 –

48 Tung Ho Steel Enterprise Corp 26 –

3 Tung Thih Electronic Co Ltd 21 –

16 TXC Corp 16 –

33 TYC Brother Industrial Co Ltd 28 –

50 Tyntek Corp 14 –

45 U–Ming Marine Transport Corp 29 –

35 Uni–President Enterprises Corp 48 0.02

83 Unimicron Technology Corp 25 –

69 Union Bank Of Taiwan 16 –

50 Unitech Printed Circuit Board Corp 12 –

25 United Integrated Services Co Ltd 30 –

643 United Microelectronics Corp 181 0.03

35 Unity Opto Technology Co Ltd 11 –

29 Universal Cement Corp 18 –

36 Unizyx Holding Corp 13 –

77 UPC Technology Corp 24 –

73 USI Corp 29 –

31 Vanguard International Semiconductor Corp 47 0.02

17 Visual Photonics Epitaxy Co Ltd 19 –

2 Voltronic Power Technology Corp 22 –

21 Wah Lee Industrial Corp 24 –

187 Walsin Lihwa Corp 63 0.02


52 Wan Hai Lines Ltd 22 –

182 Waterland Financial Holdings Co Ltd 37 –

36 Weikeng Industrial Co Ltd 15 –



10 Wisdom Marine Lines Co Ltd 7 –

152 Wistron Corp 87 0.02

11 Wistron NeWeb Corp 25 –

4 Wowprime Corp 14 –


38 WT Microelectronics Co Ltd 43 0.01

32 WUS Printed Circuit Co Ltd 13 –

13 XAC Automation Corp 19 –

4 Xxentria Technology Materials Corp 8 –

16 Yageo Corp 25 –

96 Yang Ming Marine Transport Corp 14 –

40 YC Co Ltd 12 –

22 YC INOX Co Ltd 15 –

5 Yeong Guan Energy Technology Group Co Ltd 14 –

64 YFY Inc 15 –

83 Yieh Phui Enterprise Co Ltd 26 –

172 Yuanta Financial Holding Co Ltd 50 0.02

45 Yulon Motor Co Ltd 31 –

10 Yung Chi Paint & Varnish Manufacturing Co Ltd 19 –

14 YungShin Global Holding Corp 16 –

25 Yungtay Engineering Co Ltd 28 –

6 Zeng Hsing Industrial Co Ltd 23 –


Shares (000's)

Value (000's)

GBP




19 Zinwell Corp 15 –

13,436 1.76

Thailand – 0.29%

4 Advanced Info Service PCL 12 –

9 AEON Thana Sinsap Thailand PCL 20 –

3 Airports of Thailand PCL 31 0.01

149 AP Thailand PCL 23 –

163 Asia Aviation PCL, NVDR 24 –


22 Bangkok Airways PCL 12 –

13 Bangkok Aviation Fuel Services PCL 10 –

3 Bangkok Bank PCL 10 –

103 Bangkok Chain Hospital PCL 32 0.01

38 Bangkok Dusit Medical Services PCL 20 –

194 Bangkok Expressway & Metro PCL 33 0.01

445 Bangkok Land PCL 17 –

14 Bangkok Life Assurance PCL, NVDR 16 –

35 Banpu PCL 15 –

76 Beauty Community PCL 19 –

15 BEC World PCL 6 –

17 Berli Jucker PCL 19 –

4 Bumrungrad Hospital PCL 18 –

9 Central Pattana PCL 12 –

27 Central Plaza Hotel PCL 25 –


282 CK Power PCL 23 –

18 CP ALL PCL 25 –

10 Delta Electronics Thailand PCL 16 –

66 Eastern Polymer Group PCL 20 – 33

Eastern Water Resources Development and Management PCL 8 –

5 Electricity Generating PCL 21 –

32 Energy Absolute PCL 21 –

123 Energy Earth PCL 13 –

134 Esso Thailand PCL 40 0.02

53 GFPT PCL 17 –

25 Global Power Synergy Co Ltd 20 –

10 Glow Energy PCL 18 –

34 Hana Microelectronics PCL 24 –

122 Home Product Center PCL 28 –


12 Intouch Holdings PCL 13 –

376 IRPC PCL 40 0.02

52 Jasmine International PCL 9 –

16 Kasikornbank PCL 60 0.02

14 KCE Electronics PCL 36 0.01

189 Khon Kaen Sugar Industry PCL 17 –

22 Kiatnakin Bank PCL 27 –

98 Krung Thai Bank PCL 38 0.02

7 Krungthai Card PCL 24 –

90 Land & Houses PCL, NVDR 19 –

517 LH Financial Group PCL 20 –

59 LPN Development PCL 13 –

27 Major Cineplex Group PCL 19 –

43 MBK PCL 14 –

21 Minor International PCL 18 –

8 MK Restaurants Group PCL 10 –

54 Pruksa Real Estate PCL 18 –

39 PTG Energy PCL 28 –

42 PTT Exploration & Production PCL 77 0.02

30 PTT Global Chemical PCL 42 0.02

28 PTT PCL 221 0.04

319 Quality Houses PCL 18 –

World Equity Fund



Shares (000's)

Value (000's)

GBP



Thailand – 0.29% (continued)

17 Ratchaburi Electricity Generating Holding PCL 18 –

31 Samart Corp PCL 9 –

602 Sansiri PCL 22 –

2 Siam Cement PCL 18 –

2 Siam City Cement PCL 13 –

9 Siam Commercial Bank PCL 30 –

7 Siam Global House PCL 3 –

40 Sino–Thai Engineering & Construction PCL 26 –

18 SPCG PCL 9 –

48 Sri Trang Agro–Industry PCL 18 –

36 STP & I PCL 9 –

34 Supalai PCL 17 –

53 Thai Airways International PCL 29 –

34 Thai Oil PCL 56 0.02

68 Thai Reinsurance PCL 3 –

68 Thai Union Group PCL 31 0.01

19 Thai Vegetable Oil PCL 16 –

20 Thaicom PCL 9 –

19 Thanachart Capital PCL 19 –

90 Thoresen Thai Agencies PCL 20 –

24 Tipco Asphalt PCL 10 –

9 Tisco Financial Group PCL 11 –

748 TMB Bank PCL 34 0.01

35 Total Access Communication PCL 26 –

383 TPI Polene PCL 20 –

51 TTW PCL 12 –

49 Unique Engineering & Construction PCL 20 –

74 Vanachai Group PCL 23 –

145 VGI Global Media PCL 17 –

342 Vibhavadi Medical Center PCL 22 –

268 WHA Corp PCL 18 –

18 Workpoint Entertainment PCL 16 –

2,190 0.29

Turkey – 0.12%

9 Adana Cimento Sanayii TAS 13 –

25 Akbank TAS 43 0.01

4 Akcansa Cimento AS 11 –

7 Aksa Akrilik Kimya Sanayii AS 14 –

24 Aksa Enerji Uretim AS 16 –

35 Albaraka Turk Katilim Bankasi AS 10 –

2 Anadolu Efes Biracilik Ve Malt Sanayii AS 8 –

7 Arcelik AS 31 0.01

– Anselsan Elektronik Sanayi – –

5 Aygaz AS 14 –

8 Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS 7 –

2 BIM Birlesik Magazalar AS 21 0.01

5 Bolu Cimento Sanayii AS 7 –

1 Boyner Perakende Ve Tekstil Yatirimlari AS 10 –

3 Cimsa Cimento Sanayi VE Ticaret AS 11 –

1 Coca–Cola Icecek AS 11 –

109 Dogan Sirketler Grubu Holding AS 17 –

5 Dogus Otomotiv Servis ve Ticaret AS 9 – 24

EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS 16 –

36 Eregli Demir ve Celik Fabrikalari TAS 39 0.01

2 Ford Otomotiv Sanayi AS 13 –

1 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 12 –

7 Gubre Fabrikalari TAS 7 –

57 Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS 14 – 22

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A 6 –

12 KOC Holding AS 34 –

4 Koza Altin Isletmeleri AS 16 –

22 Koza Anadolu Metal Madencilik Isletmeleri AS 11 –

Shares (000's)

Value (000's)

GBP



Turkey – 0.12% (continued)

3 Migros Ticaret AS 14 –

11 NET Holding AS 8 –

5 Nuh Cimento Sanayi AS 10 –

– Otokar Otomotiv Ve Savunma Sanayi A.S. 13 –

3 Pegasus Hava Tasimaciligi AS 8 –

26 Petkim Petrokimya Holding AS 22 0.01

31 Sekerbank TAS 8 –

17 Soda Sanayii AS 18 –

8 Tat Gida Sanayi AS 10 –

3 TAV Havalimanlari Holding AS 8 –

11 Tekfen Holding AS 16 –

37 Trakya Cam Sanayii AS 24 0.01

3 Tupras Turkiye Petrol Rafinerileri AS 49 0.01

27 Turk Hava Yollari AO 30 0.01

11 Turkcell Iletisim Hizmetleri AS 23 0.01

31 Turkiye Garanti Bankasi AS 52 0.01

13 Turkiye Halk Bankasi AS 27 0.01

18 Turkiye Is Bankasi 20 –

73 Turkiye Sinai Kalkinma Bankasi AS 21 –

41 Turkiye Sise ve Cam Fabrikalari AS 32 –

49 Turkiye Vakiflar Bankasi TAO 47 0.01

3 Ulker Biskuvi Sanayi AS 13 –

10 Vestel Elektronik Sanayi ve Ticaret AS 15 –

19 Yapi ve Kredi Bankasi AS 14 –

923 0.12


54 3i Group PLC 369 0.06

1 4imprint Group PLC 10 –

11 888 Holdings PLC 23 –

8 A.G. Barr PLC 41 0.01

27 AA PLC 70 0.01



4 Acal PLC 9 –




19 AMEC PLC 83 0.01



2 Anglo–Eastern Plantations PLC 10 –


12 Arrow Global Group PLC 34 –



2 Associated British Foods PLC 39 0.01

11 AstraZeneca PLC 467 0.07



68 Aviva PLC 305 0.04

3 Avon Rubber PLC 33 –



42 BAE Systems PLC 254 0.03










World Equity Fund



Shares (000's)

Value (000's)

GBP



United Kingdom – 5.59% (continued)

28 BHP Billiton PLC 366 0.06






327 BP PLC 1,518 0.21


2 Brammer PLC 3 –


12 British American Tobacco PLC 509 0.08


75 BT Group PLC 266 0.03

14 BTG PLC 84 0.01

4 Bunzl PLC 90 0.01



7 Cape PLC 10 –



9 Card Factory PLC 22 –








18 Chemring Group PLC 30 –

3 Chesnara PLC 11 –



1 Clarkson PLC 16 –


1 CLS Holdings PLC 8 –

83 Cobham PLC 136 0.02

14 Coca–Cola HBC AG 244 0.03




2 Consort Medical PLC 23 –






7 CYBG PLC 19 –

– Daejan Holdings PLC 22 –



8 DCC PLC 469 0.07

5 De La Rue PLC 27 –



14 Devro PLC 20 –

19 Diageo PLC 389 0.06








Shares (000's)

Value (000's)

GBP






6 e2v technologies PLC 10 –




82 EnQuest PLC 25 –


17 Entertainment One Ltd 38 –


3 Euromoney Institutional Investor PLC 33 –




12 Fenner PLC 30 –







5 Fresnillo PLC 66 0.01


60 G4S PLC 147 0.02



4 Genus PLC 74 0.01

86 GKN PLC 265 0.03

30 GlaxoSmithKline PLC 444 0.07

157 Glencore PLC 440 0.07

2 Go–Ahead Group PLC 39 0.01







10 Gulf Marine Services PLC 5 –



22 Halma PLC 208 0.03


90 Hays PLC 124 0.02

4 Headlam Group PLC 21 –

8 Helical PLC 23 –


8 Hikma Pharmaceuticals PLC 136 0.02




15 Hochschild Mining PLC 32 –






36 ICAP PLC 176 0.02




18 IMI PLC 173 0.02

8 Imperial Tobacco Group PLC 260 0.03


World Equity Fund



Shares (000's)

Value (000's)

GBP







6 InterContinental Hotels Group PLC 184 0.02


28 International Consolidated Airlines Group SA 120 0.02

12 International Personal Finance PLC 32 –

8 Interserve PLC 23 –



16 IP Group PLC 23 –


52 ITV PLC 88 0.01






7 John Menzies PLC 38 –



14 JRP Group PLC 19 –









17 Laird PLC 26 –



30 Laura Ashley Holdings PLC 6 –


142 Legal & General Group PLC 334 0.04



16 Lonmin PLC 23 –

27 Lookers PLC 29 –




29 Management Consulting Group PLC 6 –




15 McBride PLC 26 –

3 Mears Group PLC 15 –

4 Mediclinic International PLC 28 –

5 Mediclinic International PLC (South Africa listing) 36 –



33 Merlin Entertainments PLC 143 0.02




16 Mitchells & Butlers PLC 35 –


13 Mondi PLC 216 0.03



1 Morgan Sindall Group PLC 8 –

Shares (000's)

Value (000's)

GBP





9 N Brown Group PLC 17 –


20 National Grid PLC 178 0.02


2 Next PLC 89 0.01

4 Norcros PLC 7 –


3 Novae Group PLC 22 –


116 Old Mutual PLC 220 0.03








65 Pendragon PLC 20 –






12 Pets at Home Group Plc 26 –


17 Photo–Me International PLC 24 –


8 Polypipe Group PLC 25 –

2 Porvair PLC 9 –

48 Premier Foods PLC 21 –

17 Premier Oil PLC 10 –


23 Prudential PLC 359 0.06




4 Randgold Resources Ltd 228 0.03

14 Rank Group PLC 27 –




3 Reckitt Benckiser Group PLC 223 0.03


55 Regus PLC 127 0.02

16 RELX PLC 215 0.03






18 Rio Tinto PLC 540 0.08

4 Robert Walters PLC 13 –

3,012 Rolls Royce Holdings PLC 3 –

65 Rolls–Royce Holdings PLC 442 0.07




41 Royal Dutch Shell PLC, Class B 864 0.12



12 RPS Group PLC 22 –


World Equity Fund



Shares (000's)

Value (000's)

GBP




21 Saga PLC 41 0.01



4 Schroders PLC 101 0.01

2 Schroders PLC (non–voting rights) 31 –

5 SDL PLC 20 –


6 Sepura PLC 1 –





41 Shanks Group PLC 38 –

6 Shire PLC 280 0.04

– Shire PLC, ADR 8 –

38 SIG PLC 34 –

17 Sky PLC 136 0.02



9 Smiths News PLC 13 –

17 Soco International PLC 24 –


41 Speedy Hire PLC 18 –

5 Spirax–Sarco Engineering PLC 214 0.03

11 Spire Healthcare Group PLC 38 –

25 Spirent Communications PLC 20 –



27 SSE PLC 403 0.06


2 St Ives PLC 3 –



13 Stagecoach Group PLC 26 –



6 SThree PLC 17 –

7 Stobart Group Ltd 12 –







1 Ted Baker PLC 26 –


181 Tesco PLC 377 0.06




23 Trinity Mirror PLC 18 –

15 TT Electronics PLC 21 –

9 TUI AG 94 0.01




21 UBM PLC 150 0.02



8 Unilever PLC 254 0.03



22 Vectura Group PLC 32 –

Shares (000's)

Value (000's)

GBP



4 Vedanta Resources PLC 30 –



10 Virgin Money Holdings UK PLC 31 –




1 Vp PLC 7 –



2 Whitbread PLC 68 0.01


10 Wincanton PLC 22 –

– Wizz Air Holdings Plc 7 –



20 WPP PLC 341 0.04


3 Xaar PLC 12 –

1 XP Power Ltd 19 –

6 Zoopla Property Group PLC 21 –

42,768 5.59


3 1–800–Flowers.com Inc 22 –

1 1st Constitution Bancorp 13 –


1 3D Systems Corp 9 –

3 3M Co 463 0.06



1 A–Mark Precious Metals Inc 13 –

3 AAON Inc 80 0.01

3 AAR Corp 74 0.01



17 Abbott Laboratories 522 0.08

10 AbbVie Inc 462 0.06





2 Acacia Research Corp 10 –


2 ACADIA Pharmaceuticals Inc 39 0.01

4 Accenture PLC 349 0.05

2 Access National Corp 34 –


3 Accuray Inc 12 –

2 Aceto Corp 33 –

6 Achillion Pharmaceuticals Inc 18 –


1 Acorda Therapeutics Inc 25 –

18 Activision Blizzard Inc 525 0.08



1 Acuity Brands Inc 121 0.02


1 Adamas Pharmaceuticals Inc 13 –

– Adams Resources & Energy Inc 13 –

1 Addus HomeCare Corp 19 –



1 Advance Auto Parts Inc 125 0.02

World Equity Fund



Shares (000's)

Value (000's)

GBP



United States – 50.74% (continued)

3 Advanced Drainage Systems Inc 51 0.01



– AdvanSix Inc 3 –


10 AECOM 305 0.04


– AEP Industries Inc 38 –



17 AES Corp 158 0.02

7 Aetna Inc 700 0.1






3 AgroFresh Solutions Inc 7 –



4 Air Products & Chemicals Inc 445 0.06




6 Akamai Technologies Inc 321 0.04

2 Akebia Therapeutics Inc 13 –

10 Akorn Inc 162 0.02

– Alamo Group Inc 12 –



1 Albany Molecular Research Inc 7 –



3 Alere Inc 98 0.01


1 Alexion Pharmaceuticals Inc 65 0.01

1 Alico Inc 14 –

1 Align Technology Inc 96 0.01

2 Alkermes PLC 83 0.01

1 Alleghany Corp 298 0.04


– Allegiant Travel Co 52 0.01

3 Allegion PLC 154 0.02

4 Allergan plc 560 0.08


1 Alliance Data Systems Corp 152 0.02

1 Alliance One International Inc 16 –

6 Alliant Energy Corp 171 0.02







1 Almost Family Inc 35 –

1 Alnylam Pharmaceuticals Inc 35 –

4 Alon USA Energy Inc 33 –

2 Alpha & Omega Semiconductor Ltd 33 –

2 Alphabet Inc, Class A 986 0.14

2 Alphabet Inc, Class C 1,109 0.15

– Altisource Portfolio Solutions SA 6 –


12 Altria Group Inc 609 0.09

Shares (000's)

Value (000's)

GBP




3 Amazon.com Inc 1,969 0.27







2 AMERCO 421 0.06

3 Ameren Corp 106 0.01


1 America's Car–Mart Inc 22 –

6 American Airlines Group Inc 235 0.03



3 American Electric Power Co Inc 165 0.02


26 American Express Co 1,502 0.21



1 American National Bankshares Inc 17 –


2 American Public Education Inc 34 –

1 American Railcar Industries Inc 29 –



2 American Vanguard Corp 34 –



6 Ameriprise Financial Inc 587 0.09



2 AmerisourceBergen Corp 130 0.02

1 Ames National Corp 12 –


6 Amgen Inc 697 0.1

1 Amicus Therapeutics Inc 6 –



1 Ampco–Pittsburgh Corp 13 –


4 Amphenol Corp 212 0.03


2 Amtech Systems Inc 6 –


7 Anadarko Petroleum Corp 404 0.05

4 Analog Devices Inc 224 0.03



2 Angie's List Inc 11 –




4 ANSYS Inc 302 0.04



5 AO Smith Corp 204 0.03

4 Aon PLC 340 0.04

4 Apache Corp 212 0.03


5 Apollo Education Group Inc 35 –

60 Apple Inc 5,322 0.71


15 Applied Materials Inc 392 0.05

World Equity Fund



Shares (000's)

Value (000's)

GBP




1 Applied Optoelectronics Inc 26 –





10 Aramark 277 0.04




12 Archer–Daniels–Midland Co 414 0.05

3 Archrock Inc 35 –



1 Argan Inc 62 0.01

1 Argo Group International Holdings Ltd 31 –






1 Arrow Financial Corp 38 –

1 Artesian Resources Corp 14 –



– ASB Bancorp Inc 9 –








11 Associated Banc–Corp 197 0.03







1 Astronics Corp, Class B 15 –


190 AT&T Inc 5,875 0.78

1 athenahealth Inc 38 –







2 Atwood Oceanics Inc 18 –

– Auburn National Bancorporation Inc 5 –

1 Autobytel 13 –

1 Autodesk Inc 66 0.01

4 Autoliv Inc 303 0.04

3 Automatic Data Processing Inc 197 0.03



2 AV Homes Inc 19 –

4 Avangrid Inc 103 0.01

4 Avery Dennison Corp 217 0.03




Shares (000's)

Value (000's)

GBP




8 Avnet Inc 281 0.04


10 AVX Corp 121 0.02

3 Aware Inc 13 –


3 Axcelis Technologies Inc 29 –


3 AXT Inc 13 –

2 AZZ Inc 112 0.01







1 Baldwin & Lyons Inc 30 –


2 Ballantyne Strong Inc 14 –



4 Bancorp Inc 22 –


5 Bank Mutual Corp 35 –


1 Bank of Commerce Holdings 7 –


1 Bank of Marin Bancorp 30 –



2 BankFinancial Corp 25 –




1 Bar Harbor Bankshares 21 –

3 Barnes & Noble Education Inc 30 –




1 Barrett Business Services Inc 38 –


9 Baxter International Inc 317 0.04

5 Bazaarvoice Inc 22 –

10 BB&T Corp 367 0.05



2 Beazer Homes USA Inc 23 –

1 Becton Dickinson and Co 154 0.02


1 Bel Fuse Inc 19 –






11 Berkshire Hathaway Inc 1,422 0.2





2 Big 5 Sporting Goods Corp 31 –



2 Bill Barrett Corp 12 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




2 Bio–Rad Laboratories Inc 231 0.03

1 Bio–Techne Corp 116 0.02

1 Biogen Inc 283 0.04

1 BioMarin Pharmaceutical Inc 68 0.01


1 BioSpecifics Technologies Corp 24 –



2 Black Box Corp 21 –






1 BlackRock Inc 442 0.06



1 Blue Bird Corp 9 –


3 Blue Hills Bancorp Inc 37 –

1 Blue Nile Inc 19 –

– Bluebird Bio Inc 21 –




2 BofI Holding Inc 38 –




2 Boot Barn Holdings Inc 24 –






1 Bottomline Technologies de Inc 28 –







5 Brink's Co 147 0.02


4 Bristol–Myers Squibb Co 192 0.03

2 Bristow Group Inc 22 –

2 Broadcom Ltd 250 0.03

4 Broadridge Financial Solutions Inc 188 0.02






1 Brown–Forman Corp, Class A 35 –

2 Brown–Forman Corp, Class B 78 0.01



1 Bryn Mawr Bank Corp 36 –


1 Buckle Inc 22 –


2 Build–A–Bear Workshop Inc 19 –

3 Builders FirstSource Inc 27 –

Shares (000's)

Value (000's)

GBP




8 Bunge Ltd 455 0.06




17 CA Inc 425 0.06





6 Cabot Oil & Gas Corp 104 0.01




3 Cal–Maine Foods Inc 106 0.01


1 CalAmp Corp 13 –






5 Calix Inc 28 –







4 Campbell Soup Co 171 0.02




2 Capital City Bank Group Inc 25 –

10 Capital One Financial Corp 646 0.09

2 Capital Senior Living Corp 24 –



1 Carbonite Inc 9 –


4 Cardinal Health Inc 200 0.03


1 Care.com Inc 6 –


3 Carlisle Cos Inc 297 0.04

11 CarMax Inc 518 0.08

1 Carmike Cinemas Inc 35 –


1 Carolina Financial Corp 27 –


1 Carriage Services Inc 29 –


4 Carrols Restaurant Group Inc 38 –


6 Cascade Bancorp 36 –

3 Casella Waste Systems Inc 32 –


1 Cass Information Systems Inc 35 –


12 Caterpillar Inc 893 0.13


2 Cato Corp 51 0.01

– Cavco Industries Inc 35 –


World Equity Fund



Shares (000's)

Value (000's)

GBP




5 CBIZ Inc 50 0.01

3 CBOE Holdings Inc 147 0.02


1 CBS Corp, Class A (voting rights) 28 –

9 CBS Corp, Class B (non–voting rights) 448 0.06

3 CDI Corp 16 –


5 CDW Corp 214 0.03

1 CEB Inc 66 0.01

3 CECO Environmental Corp 37 –

3 Celadon Group Inc 22 –


4 Celgene Corp 409 0.05








– Centrue Financial Corp 5 –


– Century Bancorp Inc 18 –


2 Century Communities Inc 31 –



1 CEVA Inc 25 –




12 Charles Schwab Corp 382 0.05


3 Charter Communications Inc 590 0.09









6 Cheniere Energy Inc 207 0.03














1 Churchill Downs Inc 96 0.01

1 Chuy's Holdings Inc 25 –

5 Ciber Inc 3 –


3 Cigna Corp 304 0.04



Shares (000's)

Value (000's)

GBP




2 Cincinnati Bell Inc 33 –



2 Cintas Corp 178 0.02





1 Citi Trends Inc 18 –


1 Citizens & Northern Corp 19 –


– Citizens Holding Co 9 –

1 Citizens Inc 10 –



2 Civeo Corp 3 –

1 Civista Bancshares Inc 11 –

4 Civitas Solutions Inc 52 0.01






1 ClearOne Inc 4 –


9 Cliffs Natural Resources Inc 64 0.01

2 Clifton Bancorp Inc 23 –

2 Clorox Co 179 0.02




3 CMS Energy Corp 104 0.01

5 CNA Financial Corp 148 0.02

1 CNB Financial Corp 22 –


8 Coach Inc 241 0.03


3 CoBiz Financial Inc 32 –

1 Coca–Cola Bottling Co Consolidated 70 0.01

28 Coca–Cola Co 888 0.13





6 Cognizant Technology Solutions Corp 247 0.03



2 Cohu Inc 19 –


5 Colgate–Palmolive Co 240 0.03




1 Columbus McKinnon Corp 21 –





1 CommerceHub Inc 11 –

– CommerceHub Inc, Series A 6 –



World Equity Fund



Shares (000's)

Value (000's)

GBP






3 Community Bankers Trust Corp 16 –

– Community Financial Corp 5 –




– Computer Programs & Systems Inc 6 –




5 Conagra Brands Inc 137 0.02




2 Conn's Inc 15 –

1 Connecticut Water Service Inc 22 –

2 ConnectOne Bancorp Inc 38 –

15 ConocoPhillips 563 0.08



3 Consolidated Edison Inc 144 0.02

– Consolidated–Tomoka Land Co 17 –

2 Constellation Brands Inc, Class A 248 0.03

– Constellation Brands Inc, Class B 9 –






3 Cooper Cos Inc 342 0.04


1 Cooper–Standard Holdings Inc 105 0.01





2 Core–Mark Holding Co Inc 59 0.01


21 Corning Inc 402 0.05


– CoStar Group Inc 58 0.01

2 Costco Wholesale Corp 272 0.04

20 Coty Inc 300 0.04


2 Covenant Transportation Group Inc 30 –


5 Cowen Group Inc 14 –

1 CR Bard Inc 189 0.02

1 CRA International Inc 16 –


1 Craft Brew Alliance Inc 17 –

4 Crane Co 250 0.03

2 Crawford & Co, Class A 13 –

3 Crawford & Co, Class B 34 –

2 Cray Inc 29 –


5 Cree Inc 107 0.01

3 Crocs Inc 17 –

1 Cross Country Healthcare Inc 16 –

4 Crown Holdings Inc 175 0.02

2 CryoLife Inc 31 –


Shares (000's)

Value (000's)

GBP




6 CSRA Inc 144 0.02

1 CSS Industries Inc 15 –



34 CSX Corp 959 0.14

1 CTS Corp 9 –

1 CU Bancorp 28 –



1 Culp Inc 32 –

6 Cummins Inc 668 0.1


3 Curtiss–Wright Corp 219 0.03








4 Daktronics Inc 30 –

11 Dana Inc 151 0.02


5 Darden Restaurants Inc 318 0.04


3 Datalink Corp 24 –



2 Dawson Geophysical Co 12 –



14 Deere & Co 1,086 0.15

2 Del Frisco's Restaurant Group Inc 22 –

3 Del Taco Restaurants Inc 29 –


2 Dell Technologies Inc Class V 72 0.01

3 Delphi Automotive PLC 151 0.02

14 Delta Air Lines Inc 545 0.08



1 Deltic Timber Corp 36 –


9 Denbury Resources Inc 29 –

4 Denny's Corp 37 –


2 Depomed Inc 36 –


4 Destination XL Group Inc 13 –

3 Devon Energy Corp 104 0.01


1 DexCom Inc 40 0.01

3 DHI Group Inc 13 –

5 DHT Holdings Inc 15 –



4 Diamondback Energy Inc 325 0.04

1 Dicerna Pharmaceuticals Inc 3 –



3 Digi International Inc 35 –

2 Digirad Corp 7 –



World Equity Fund



Shares (000's)

Value (000's)

GBP







3 Diplomat Pharmacy Inc 38 –

21 Discover Financial Services 1,112 0.16







10 Dollar Tree Inc 670 0.1

3 Dominion Resources Inc 153 0.02

1 Domino's Pizza Inc 165 0.02



1 Donegal Group Inc 17 –

2 Donnelley Financial Solutions Inc 30 –





11 Dow Chemical Co 503 0.08




3 Dril–Quip Inc 121 0.02

1 DSP Group Inc 10 –


5 DSW Inc 103 0.01

2 DTE Energy Co 140 0.02

2 DTS Inc 51 0.01

1 Ducommun Inc 16 –

4 Duke Energy Corp 239 0.03




1 Dyax Corp 1 –








1 Eastern Virginia Bankshares Inc 5 –


2 Eastman Kodak Co 29 –



12 eBay Inc 256 0.03

1 Ebix Inc 67 0.01



4 Ecolab Inc 402 0.05

– Edgewater Technology Inc 2 –


2 Edison International 85 0.01

2 Edwards Lifesciences Corp 119 0.02

2 eHealth Inc 18 –

4 EI du Pont de Nemours & Co 236 0.03

1 Eiger BioPharmaceuticals Inc 6 –


Shares (000's)

Value (000's)

GBP








3 Eli Lilly & Co 183 0.02




2 EMCORE Corp 9 –


14 Emerson Electric Co 611 0.09



1 Encore Capital Group Inc 24 –


3 Endo International PLC 33 –





2 EnerSys 156 0.02



2 Ennis Inc 30 –

3 Enova International Inc 32 –

1 EnPro Industries Inc 37 –

21 Ensco PLC 158 0.02




3 Entercom Communications Corp 31 –

2 Entergy Corp 108 0.01

– Enterprise Bancorp Inc 12 –


6 Entravision Communications Corp 33 –



4 Enzo Biochem Inc 23 –

3 EOG Resources Inc 219 0.03

19 EP Energy Corp 79 0.01


– ePlus Inc 9 –

2 EQT Corp 111 0.01


3 Era Group Inc 27 –











– Evans Bancorp Inc 11 –








World Equity Fund



Shares (000's)

Value (000's)

GBP





1 Exactech Inc 20 –

6 Exar Corp 45 0.01

6 Exelon Corp 151 0.02


1 ExOne Co 9 –

3 Expedia Inc 300 0.04




12 Express Scripts Holding Co 702 0.10






2 F5 Networks Inc 229 0.03

2 Fabrinet 83 0.01

7 Facebook Inc 675 0.10

1 FactSet Research Systems Inc 159 0.02


14 Fairmount Santrol Holdings Inc 110 0.01

2 FairPoint Communications Inc 27 –

1 Farmer Brothers Co 31 –

1 Farmers Capital Bank Corp 19 –


1 FARO Technologies Inc 32 –




1 Federal Agricultural Mortgage Corp 26 –


6 Federal–Mogul Holdings Corp 49 0.01


1 Federated National Holding Co 17 –

5 FedEx Corp 789 0.11






2 Fidelity Southern Corp 32 –




1 Financial Institutions Inc 27 –





1 First Bancorp Inc 19 –


1 First Bancorp/Southern Pines NC 26 –


– First Business Financial Services Inc 8 –

– First Capital Inc 11 –



1 First Community Bancshares Inc 27 –

1 First Connecticut Bancorp Inc 18 –

1 First Defiance Financial Corp 31 –



Shares (000's)

Value (000's)

GBP




– First Financial Corp/IN 13 –






1 First Mid–Illinois Bancshares Inc 19 –







5 FirstEnergy Corp 120 0.02

3 Fiserv Inc 243 0.03

1 Fitbit Inc 8 –





2 FleetCor Technologies Inc 282 0.04

36 Flex Ltd 409 0.05

1 Flexsteel Industries Inc 22 –


1 Flotek Industries Inc 12 –






6 FMC Corp 255 0.03


14 FNB Corp 170 0.02

16 FNF Group 399 0.05



118 Ford Motor Co 1,125 0.16

3 Forestar Group Inc 35 –


1 Forrester Research Inc 33 –

1 Fortinet Inc 34 –


6 Fortune Brands Home & Security Inc 275 0.04



1 Fossil Group Inc 38 –




1 Franklin Covey Co 17 –



2 Fred's Inc 19 –

50 Freeport–McMoRan Inc 614 0.09





1 FRP Holdings Inc 20 –

2 FTD Cos Inc 33 –



3 FutureFuel Corp 36 –

World Equity Fund



Shares (000's)

Value (000's)

GBP





3 G–III Apparel Group Ltd 58 0.01

3 Gain Capital Holdings Inc 17 –

1 GAMCO Investors Inc 20 –



11 Gap Inc 215 0.03


1 Gartner Inc 100 0.01



2 GATX Corp 76 0.01





3 General Communication Inc 37 –

63 General Electric Co 1,539 0.21

10 General Mills Inc 478 0.06

42 General Motors Co 1,166 0.16




3 Genocea Biosciences Inc 11 –

5 Genpact Ltd 102 0.01



2 Genuine Parts Co 179 0.02


1 Geospace Technologies Corp 22 –




8 Gilead Sciences Inc 484 0.06


1 Global Brass & Copper Holdings Inc 23 –

2 Global Eagle Entertainment Inc 12 –

1 Global Indemnity Ltd 25 –

4 Global Payments Inc 233 0.03

1 GlobalSCAPE Inc 3 –

1 Globant SA 16 –



2 GoDaddy Inc 58 0.01



6 Goldfield Corp 20 –



2 Gorman–Rupp Co 38 –

1 GP Strategies Corp 23 –







5 Gray Television Inc 38 –



1 Great Southern Bancorp Inc 30 –

1 Great Western Bancorp Inc 33 –

1 Green Bancorp Inc 7 –

Shares (000's)

Value (000's)

GBP




3 Green Brick Partners Inc 20 –



1 Greenbrier Cos Inc 31 –

– Greene County Bancorp Inc 5 –





1 Griffon Corp 15 –





1 Guaranty Bancorp 25 –

6 Guess? Inc 75 0.01










4 Halliburton Co 179 0.02

1 Hallmark Financial Services Inc 9 –





2 Hanger Inc 18 –




8 Harley–Davidson Inc 383 0.05





2 Harte–Hanks Inc 3 –




1 Haverty Furniture Cos Inc 19 –





1 Haynes International Inc 31 –


3 HCA Holdings Inc 143 0.02

1 HCI Group Inc 18 –



1 Healthcare Services Group Inc 38 –








World Equity Fund



Shares (000's)

Value (000's)

GBP






1 Heidrick & Struggles International Inc 19 –




1 Hennessy Advisors Inc 19 –

1 Henry Schein Inc 170 0.02



3 Heritage Commerce Corp 26 –


1 Heritage Insurance Holdings Inc 15 –

3 Heritage Oaks Bancorp 24 –

2 Heritage–Crystal Clean Inc 27 –


1 Hershey Co 57 0.01


7 Hess Corp 302 0.04

23 Hewlett Packard Enterprise Co 437 0.06


4 HFF Inc 86 0.01

1 Hibbett Sports Inc 29 –

3 Hill–Rom Holdings Inc 146 0.02




– Hingham Institution for Savings 27 –


3 HNI Corp 144 0.02




8 Home Depot Inc 834 0.12


1 HomeTrust Bancshares Inc 24 –

5 Honeywell International Inc 420 0.05




2 Horizon Bancorp 31 –

2 Horizon Global Corp 29 –


4 Hormel Foods Corp 104 0.01





34 HP Inc 417 0.05


2 HSN Inc 48 0.01



2 Hudson Technologies Inc 12 –

1 Humana Inc 195 0.03


2 Huntington Ingalls Industries Inc 337 0.04


– Hurco Cos Inc 12 –



1 Hyster–Yale Materials Handling Inc 34 –


Shares (000's)

Value (000's)

GBP






2 Iconix Brand Group Inc 11 –



3 IDEX Corp 237 0.03

2 IDEXX Laboratories Inc 187 0.02

3 IDT Corp 42 0.01


2 Ignyta Inc 12 –

4 II–VI Inc 97 0.01

7 ILG Inc 102 0.01

2 Illinois Tool Works Inc 202 0.03

1 Illumina Inc 146 0.02

1 Impac Mortgage Holdings Inc 17 –



2 Incyte Corp 141 0.02

1 Independence Holding Co 21 –


1 Independent Bank Corp/MI 21 –



9 Ingersoll–Rand PLC 536 0.08

2 Ingevity Corp 69 0.01

1 Ingles Markets Inc 36 –



4 InnerWorkings Inc 28 –








1 Insys Therapeutics Inc 13 –

2 Integer Holdings Corp 37 –



99 Intel Corp 2,734 0.37

2 Inteliquent Inc 36 –



– Intercept Pharmaceuticals Inc 16 –

9 Intercontinental Exchange Inc 417 0.05





6 International Business Machines Corp 747 0.11

1 International Flavors & Fragrances Inc 114 0.01







1 INTL. FCStone Inc 33 –


3 Intrawest Resorts Holdings Inc 36 –


3 Intuit Inc 277 0.04

World Equity Fund



Shares (000's)

Value (000's)

GBP





2 Invacare Corp 22 –

6 InvenSense Inc 36 –




– Investors Title Co 12 –

2 Invitae Corp 12 –

– ION Geophysical Corp 2 –


4 Iridium Communications Inc 29 –


1 Isle of Capri Casinos Inc 18 –


2 Itron Inc 91 0.01

6 ITT Inc 183 0.02

6 Ixia 65 0.01

3 IXYS Corp 32 –





2 Jack Henry & Associates Inc 162 0.02





2 Jazz Pharmaceuticals PLC 193 0.03

5 JB Hunt Transport Services Inc 394 0.05




1 John B Sanfilippo & Son Inc 25 –



– John Wiley & Sons Inc, Class B 8 –

21 Johnson & Johnson 1,909 0.26

13 Johnson Controls International PLC 458 0.06


2 Jones Energy Inc 7 –





3 K12 Inc 34 –

1 Kadant Inc 30 –





2 Karyopharm Therapeutics Inc 12 –


6 KB Home 72 0.01

10 KBR Inc 133 0.02



4 Kellogg Co 242 0.03

2 Kelly Services Inc 38 –

3 Kemet Corp 15 –



6 Kennedy–Wilson Holdings Inc 100 0.01

30 KeyCorp 416 0.05

Shares (000's)

Value (000's)

GBP







2 Kimball Electronics Inc 23 –

3 Kimball International Inc 30 –

2 Kimberly–Clark Corp 172 0.02

13 Kinder Morgan Inc 239 0.03

4 Kindred Biosciences Inc 13 –

5 Kindred Healthcare Inc 28 –



3 KLA–Tencor Corp 212 0.03

4 KLX Inc 116 0.02

1 KMG Chemicals Inc 31 –


4 Knoll Inc 74 0.01


11 Kohl's Corp 453 0.06

5 Kopin Corp 11 –

1 Koppers Holdings Inc 35 –





6 Kratos Defense & Security Solutions Inc 34 –

8 Kroger Co 214 0.03



1 KVH Industries Inc 7 –

1 L Brands Inc 58 0.01

2 L–3 Communications Holdings Inc 205 0.03


3 La–Z–Boy Inc 60 0.01

3 Laboratory Corp of America Holdings 254 0.03

10 Ladenburg Thalmann Financial Services Inc 20 –

1 Lake Sunapee Bank Group 13 –

2 Lakeland Bancorp Inc 35 –



2 Lamb Weston Holdings Inc 42 0.01


– Landauer Inc 11 –

3 Landec Corp 31 –

– Lands' End Inc 3 –


2 Lannett Co Inc 31 –

3 Laredo Petroleum Inc 44 0.01

7 Las Vegas Sands Corp 337 0.04

6 Lattice Semiconductor Corp 33 –



1 LCNB Corp 19 –


5 Lear Corp 562 0.08





2 LeMaitre Vascular Inc 29 –

– LendingTree Inc 17 –


2 Lennar Corp, Class B 54 0.01

1 Lennox International Inc 153 0.02

World Equity Fund



Shares (000's)

Value (000's)

GBP







2 Libbey Inc 31 –

– Liberty Braves Group, Class A 4 –

– Liberty Braves Group, Class C 7 –

– Liberty Broadband Corp, Class A 26 –




1 Liberty Media Group, Class A 15 –

1 Liberty Media Group, Class C 26 –

2 Liberty SiriusXM Group, Class A 68 0.01

4 Liberty SiriusXM Group, Class C 118 0.02





1 Lifetime Brands Inc 10 –





– Lindsay Corp 28 –

2 Linear Technology Corp 103 0.01

– LinkedIn Corp 30 –

9 Lionbridge Technologies Inc 35 –








16 LKQ Corp 411 0.05




7 Louisiana–Pacific Corp 114 0.01

5 Lowe's Cos Inc 295 0.04



2 LSC Communications Inc 32 –

2 LSI Industries Inc 14 –

2 Luby's Inc 8 –

2 lululemon athletica Inc 108 0.01

– Lumber Liquidators Holdings Inc 6 –



1 Lumos Networks Corp 14 –


6 LyondellBasell Industries NV 429 0.06


2 M/I Homes Inc 37 –

2 Macatawa Bank Corp 18 –

1 MACOM Technology Solutions Holdings Inc 32 –


20 Macy's Inc 664 0.10



1 Magnachip Semiconductor Corp 7 –


Shares (000's)

Value (000's)

GBP





1 Malibu Boats Inc 17 –


– Malvern Bancorp Inc 6 –









3 Marchex Inc 6 –


1 Marcus Corp 31 –

3 Marine Products Corp 24 –

2 MarineMax Inc 28 –



1 Marlin Business Services Corp 21 –

5 Marriott International Inc 292 0.04


8 Marsh & McLennan Cos Inc 426 0.06

2 Marten Transport Ltd 37 –

1 Martin Marietta Materials Inc 259 0.03





7 MasterCard Inc 540 0.08


1 Materion Corp 37 –

2 Matrix Service Co 30 –




2 Maxim Integrated Products Inc 61 0.01


2 MaxLinear Inc 38 –



9 MBIA Inc 74 0.01

1 MBT Financial Corp 11 –


1 McCormick & Co Inc 108 0.01

– McCormick & Co Inc (voting rights) 18 –


6 McDonald's Corp 542 0.08



2 McKesson Corp 189 0.02






1 Medifast Inc 31 –



3 MeetMe Inc 13 –


1 Mercantile Bank Corp 31 –


World Equity Fund



Shares (000's)

Value (000's)

GBP




1 Merchants Bancshares Inc 35 –

50 Merck & Co Inc 2,462 0.33









– Mesa Laboratories Inc 20 –

1 Meta Financial Group Inc 37 –



– Mettler–Toledo International Inc 125 0.02



23 MGM Resorts International 538 0.08




2 Microchip Technology Inc 123 0.02

32 Micron Technology Inc 494 0.06





2 Middleby Corp 259 0.03

1 Middlesex Water Co 20 –


1 MidWestOne Financial Group Inc 19 –

1 Miller Industries Inc 18 –

2 MiMedx Group Inc 16 –


2 Mistras Group Inc 34 –





1 Moelis & Co 14 –

2 Mohawk Industries Inc 294 0.04




1 Monarch Casino & Resort Inc 18 –

14 Mondelez International Inc 477 0.06

2 MoneyGram International Inc 16 –

2 Monotype Imaging Holdings Inc 36 –


3 Monsanto Co 256 0.03


1 Moody's Corp 84 0.01

3 Moog Inc 145 0.02



21 Mosaic Co 483 0.06


2 Motorola Solutions Inc 107 0.01

– Movado Group Inc 10 –




3 MSCI Inc 184 0.02

Shares (000's)

Value (000's)

GBP








1 Multi–Color Corp 69 0.01



– MutualFirst Financial Inc 11 –


11 Mylan NV 336 0.04


3 Myriad Genetics Inc 35 –


– NACCO Industries Inc 23 –

1 Nanometrics Inc 17 –

2 Napco Security Technologies Inc 11 –











– National Presto Industries Inc 23 –

2 National Research Corp 23 –

– National Western Life Group Inc 39 0.01

3 Nationstar Mortgage Holdings Inc 45 0.01

1 Natural Alternatives International Inc 13 –

1 Natural Gas Services Group Inc 19 –




2 Nautilus Inc 33 –




2 Navistar International Corp 59 0.01



1 NCI Inc 15 –

8 NCR Corp 254 0.03




2 NeoGenomics Inc 16 –

2 NeoPhotonics Corp 22 –





1 Neurocrine Biosciences Inc 38 –

3 NeuStar Inc 56 0.01









World Equity Fund



Shares (000's)

Value (000's)

GBP









4 NewStar Financial Inc 26 –


2 NextEra Energy Inc 193 0.03

2 NIC Inc 49 0.01


6 NIKE Inc 257 0.03

8 NiSource Inc 149 0.02


3 NMI Holdings Inc 22 –

2 NN Inc 30 –



2 Noodles & Co 6 –

4 Nordic American Tankers Ltd 27 –



11 Norfolk Southern Corp 913 0.13

7 Northern Trust Corp 469 0.06



2 Northrop Grumman Corp 498 0.08







2 Novanta Inc 38 –

7 NOW Inc 124 0.02


2 NRG Yield Inc, Class A 21 –

3 NRG Yield Inc, Class C 38 –



9 Nucor Corp 446 0.07



1 Nutrisystem Inc 35 –



1 NV5 Global Inc 23 –

– NVE Corp 16 –

6 NVIDIA Corp 443 0.06

– NVR Inc 249 0.03

2 O'Reilly Automotive Inc 330 0.04


8 Occidental Petroleum Corp 432 0.06

– Ocean Shore Holding Co 7 –


2 OceanFirst Financial Corp 35 –

2 Oclaro Inc 17 –

1 Ocwen Financial Corp 3 –



5 OGE Energy Corp 130 0.02


– Oil–Dri Corp of America 13 –

5 Old Dominion Freight Line Inc 363 0.05

Shares (000's)

Value (000's)

GBP




– Old Line Bancshares Inc 8 –




11 Olin Corp 228 0.03


1 Olympic Steel Inc 18 –


– Omega Flex Inc 16 –

2 Omega Protein Corp 29 –



4 OMNOVA Solutions Inc 28 –




1 OneBeacon Insurance Group Ltd 16 –


7 ONEOK Inc 326 0.04


1 Oppenheimer Holdings Inc 7 –

3 Opus Bank 53 0.01

82 Oracle Corp 2,640 0.36

5 OraSure Technologies Inc 33 –

5 ORBCOMM Inc 32 –

1 Orchids Paper Products Co 23 –

2 Orion Group Holdings Inc 19 –


1 Ormat Technologies Inc (Israel listing) 34 –



1 Orthofix International NV 31 –



3 Otonomy Inc 37 –


2 OvaScience Inc 6 –




7 Owens–Illinois Inc 110 0.01



2 Pacific Continental Corp 29 –


2 Pacific Ethanol Inc 10 –



4 Packaging Corp of America 286 0.04



– PAM Transportation Services Inc 6 –


2 Panhandle Oil and Gas Inc 32 –


2 Par Pacific Holdings Inc 27 –


1 Park Electrochemical Corp 14 –


5 Park Sterling Corp 37 –

1 Park–Ohio Holdings Corp 27 –

1 Parke Bancorp Inc 10 –

13 Parker Drilling Co 22 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




5 Parker–Hannifin Corp 533 0.08







9 Patterson–UTI Energy Inc 192 0.03



11 PayPal Holdings Inc 338 0.04



2 PCM Inc 32 –


2 PDF Solutions Inc 38 –


2 Peapack Gladstone Financial Corp 34 –



– Penns Woods Bancorp Inc 10 –

3 PennyMac Financial Services Inc 38 –




1 People's Utah Bancorp 14 –

1 Peoples Bancorp Inc 26 –

1 Peoples Financial Services Corp 21 –

9 PepsiCo Inc 755 0.11

2 Perficient Inc 36 –


6 PerkinElmer Inc 236 0.03


1 Perry Ellis International Inc 20 –

1 PetMed Express Inc 16 –

85 Pfizer Inc 2,175 0.29

2 PFSweb Inc 10 –

4 PG&E Corp 166 0.02

4 PGT Inc 39 0.01



4 PHH Corp 44 0.01

2 PHI Inc 19 –

1 Phibro Animal Health Corp 20 –

8 Philip Morris International Inc 546 0.08

10 Phillips 66 658 0.10



5 Pier 1 Imports Inc 22 –

10 Pilgrim's Pride Corp 137 0.02

2 Pinnacle Entertainment Inc 16 –



3 Pinnacle West Capital Corp 173 0.02

7 Pioneer Energy Services Corp 28 –

2 Pioneer Natural Resources Co 359 0.05

– Piper Jaffray Cos 6 –



7 Planet Payment Inc 22 –




Shares (000's)

Value (000's)

GBP





6 PNC Financial Services Group Inc 548 0.08


3 Polaris Industries Inc 185 0.02



1 Popeyes Louisiana Kitchen Inc 38 –





1 Powell Industries Inc 31 –


– Power Solutions International Inc 4 –

5 PPG Industries Inc 366 0.05

3 PPL Corp 88 0.01



5 Praxair Inc 508 0.08


– Preformed Line Products Co 20 –







1 Primo Water Corp 9 –





28 Procter & Gamble Co 1,844 0.25




– Proto Labs Inc 12 –

1 Providence Service Corp 27 –



– Prudential Bancorp Inc 3 –


3 PTC Inc 101 0.01

2 Public Service Enterprise Group Inc 70 0.01


4 PVH Corp 369 0.05

1 QAD Inc 16 –

1 QCR Holdings Inc 24 –


7 Qorvo Inc 286 0.04



18 QUALCOMM Inc 990 0.14

3 Quality Systems Inc 36 –





2 Quidel Corp 31 –





World Equity Fund



Shares (000's)

Value (000's)

GBP






3 RadNet Inc 16 –






3 Rayonier Advanced Materials Inc 30 –

3 Raytheon Co 349 0.05



1 Reading International Inc 9 –




1 Red Hat Inc 87 0.01






1 Regional Management Corp 26 –


3 Regis Corp 29 –

3 Reinsurance Group of America Inc 337 0.04

1 Reis Inc 14 –




3 Renewable Energy Group Inc 26 –

4 Rent–A–Center Inc 39 0.01

1 Republic Bancorp Inc 30 –



7 Resolute Forest Products Inc 27 –

3 Resources Connection Inc 34 –

1 Restoration Hardware Holdings Inc 19 –

4 RetailMeNot Inc 26 –

2 Retrophin Inc 38 –




20 Reynolds American Inc 855 0.12


5 Rigel Pharmaceuticals Inc 10 –

– Rightside Group Ltd 3 –

1 RigNet Inc 13 –



– Riverview Bancorp Inc 1 –

2 RLI Corp 107 0.01

1 RMR Group Inc 39 0.01

2 Roadrunner Transportation Systems Inc 16 –


2 Rockwell Automation Inc 200 0.03



6 Rollins Inc 156 0.02

2 Roper Technologies Inc 321 0.04

4 Ross Stores Inc 242 0.03


Shares (000's)

Value (000's)

GBP






11 RPC Inc 174 0.02

5 RPM International Inc 220 0.03

3 RPX Corp 26 –




2 Rubicon Project Inc 13 –







3 S&P Global Inc 323 0.04





3 Safeway Inc 2 –

3 Safeway PDC LLC CVR – –

– Saga Communications Inc 8 –

2 Saia Inc 63 0.01






4 Sangamo BioSciences Inc 9 –




3 SCANA Corp 153 0.02


13 Schlumberger Ltd 897 0.13



2 Schweitzer–Mauduit International Inc 80 0.01

3 SciClone Pharmaceuticals Inc 22 –


8 Scorpio Tankers Inc 28 –

5 Scotts Miracle–Gro Co 348 0.05






12 Seagate Technology PLC 376 0.05







1 Select Bancorp Inc 10 –





1 Sempra Energy 118 0.02


1 Seneca Foods Corp 21 –

World Equity Fund



Shares (000's)

Value (000's)

GBP









1 ServiceNow Inc 56 0.01

3 ServiceSource International Inc 16 –


1 Shake Shack Inc 18 –


1 Sherwin–Williams Co 230 0.03


3 Ship Finance International Ltd 35 –

1 Shoe Carnival Inc 26 –


3 ShoreTel Inc 17 –


– Shutterstock Inc 15 –


1 Sierra Bancorp 15 –

2 Sigma Designs Inc 11 –

2 Signature Bank 181 0.02

3 Signet Jewelers Ltd 217 0.03



3 Silver Spring Networks Inc 30 –

1 Silvercrest Asset Management Group Inc 10 –






1 SJW Group 49 0.01



2 Skyworks Solutions Inc 153 0.02

33 SLM Corp 263 0.03



4 Snap–on Inc 498 0.08

7 Snyder's–Lance Inc 209 0.03

2 Sonic Automotive Inc 34 –



4 Sonus Networks Inc 18 –




4 Southern Co 150 0.02

18 Southern Copper Corp 471 0.06

1 Southern First Bancshares Inc 15 –

– Southern Missouri Bancorp Inc 9 –



15 Southwest Airlines Co 556 0.08

1 Southwest Bancorp Inc 19 –



2 SP Plus Corp 35 –

1 Spark Energy Inc 14 –



1 Sparton Corp 10 –

Shares (000's)

Value (000's)

GBP




3 Spectra Energy Corp 104 0.01

3 Spectrum Brands Holdings Inc 245 0.03



2 Spire Inc 97 0.01



1 Splunk Inc 64 0.01

1 Spok Holdings Inc 17 –

2 Sportsman's Warehouse Holdings Inc 12 –



3 SPX Corp 60 0.01



5 St Joe Co 87 0.01

5 St Jude Medical Inc 287 0.04


– Stamps.com Inc 25 –



5 Stanley Black & Decker Inc 472 0.06


9 Starbucks Corp 433 0.06

2 Starz 66 0.01



2 State National Cos Inc 18 –







2 Stericycle Inc 105 0.01









1 Stonegate Bank 28 –

3 Stoneridge Inc 38 –

2 Stratasys Ltd 22 –

– Strattec Security Corp 6 –



2 Stryker Corp 155 0.02


3 Sucampo Pharmaceuticals Inc 38 –

1 Suffolk Bancorp 27 –


2 Sun Bancorp Inc 28 –



2 SunEdison Semiconductor Ltd 18 –

6 SunPower Corp 31 –




1 Superior Industries International Inc 28 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




1 Superior Uniform Group Inc 17 –

2 Supernus Pharmaceuticals Inc 28 –

10 Supervalu Inc 37 –

3 Supreme Industries Inc 29 –


1 SurModics Inc 17 –

3 SVB Financial Group 379 0.05






31 Synchrony Financial 848 0.12






6 Sysco Corp 276 0.04

4 Systemax Inc 26 –


17 T–Mobile US Inc 746 0.11

1 Tableau Software Inc 50 0.01

2 Tailored Brands Inc 23 –

4 Take–Two Interactive Software Inc 165 0.02


3 Tangoe Inc 20 –


11 Target Corp 649 0.09


1 TASER International Inc 24 –




6 TE Connectivity Ltd 345 0.05

1 Team Health Holdings Inc 38 –

2 Team Inc 51 0.01



3 Teekay Corp 21 –

8 Teekay Tankers Ltd 14 –

19 TEGNA Inc 346 0.05

1 Tejon Ranch Co 30 –


3 Teleflex Inc 297 0.04











1 Territorial Bancorp Inc 24 –


3 Tesco Corp 21 –



– TESSCO Technologies Inc 4 –



Shares (000's)

Value (000's)

GBP






9 Texas Instruments Inc 521 0.08


2 Textainer Group Holdings Ltd 18 –




3 Third Point Reinsurance Ltd 29 –



9 Tiffany & Co 573 0.08


8 Time Inc 97 0.01





1 Titan Machinery Inc 8 –

8 TiVo Corp 124 0.02

3 TJX Cos Inc 218 0.03






3 Toro Co 141 0.02




2 Tractor Supply Co 102 0.01

1 TransDigm Group Inc 123 0.02



15 Travelers Cos Inc 1,351 0.19


2 Travelzoo Inc 14 –

2 TRC Cos Inc 12 –

2 Trecora Resources 18 –





1 TriCo Bancshares 36 –





2 Trinity Place Holdings Inc 14 –


1 TripAdvisor Inc 49 0.01

1 Triple–S Management Corp 17 –

1 TriState Capital Holdings Inc 23 –

2 Triton International Ltd 23 –










World Equity Fund



Shares (000's)

Value (000's)

GBP




21 Twenty–First Century Fox Inc, Class A 482 0.06

15 Twenty–First Century Fox Inc, Class B 336 0.04




12 Tyson Foods Inc 553 0.08


1 UFP Technologies Inc 12 –

8 UGI Corp 299 0.04

1 Ulta Salon Cosmetics & Fragrance Inc 195 0.03


3 Ultra Clean Holdings Inc 24 –

2 Ultratech Inc 38 –




2 Under Armour Inc, Class C 48 0.01

1 Unifi Inc 23 –




2 Unisys Corp 24 –

4 Unit Corp 79 0.01



4 United Community Financial Corp 29 –

15 United Continental Holdings Inc 831 0.12



1 United Insurance Holdings Corp 15 –


4 United Parcel Service Inc 360 0.05



– United States Lime & Minerals Inc 17 –


18 United Technologies Corp 1,569 0.22


22 UnitedHealth Group Inc 2,808 0.38

1 Unitil Corp 20 –







4 Universal Health Services Inc 369 0.05

2 Universal Insurance Holdings Inc 36 –





28 US Bancorp 1,121 0.16





– USA Truck Inc 3 –


8 USG Corp 192 0.03

– Utah Medical Products Inc 16 –



Shares (000's)

Value (000's)

GBP







1 Valspar Corp 96 0.01

3 Vantiv Inc 118 0.02

4 Varian Medical Systems Inc 285 0.04

2 VASCO Data Security International Inc 26 –

1 Vascular Solutions Inc 31 –

5 VCA Inc 272 0.04






3 Vera Bradley Inc 32 –



2 VeriSign Inc 97 0.01




95 Verizon Communications Inc 3,800 0.51


2 Versum Materials Inc 38 –

– Vertex Pharmaceuticals Inc 27 –

3 VF Corp 133 0.02

2 Viacom Inc, Class A 67 0.01

8 Viacom Inc, Class B 235 0.03

1 Viad Corp 39 0.01



2 Vicor Corp 20 –

1 Village Super Market Inc 17 –



1 Virtusa Corp 23 –

14 Visa Inc 866 0.12




2 Vitamin Shoppe Inc 34 –

1 VMware Inc 74 0.01




1 VSE Corp 22 –


7 VWR Corp 153 0.02

2 W&T Offshore Inc 3 –


2 WABCO Holdings Inc 118 0.02

4 Wabtec Corp 244 0.03

2 Waddell & Reed Financial Inc 38 –

66 Wal–Mart Stores Inc 3,691 0.49

13 Walgreens Boots Alliance Inc 869 0.12


33 Walt Disney Co 2,594 0.35



1 WashingtonFirst Bankshares Inc 18 –

8 Waste Management Inc 434 0.06

1 Waters Corp 131 0.02

3 Waterstone Financial Inc 36 –

World Equity Fund



Shares (000's)

Value (000's)

GBP






2 WCI Communities Inc 29 –

1 WD–40 Co 58 0.01





3 WEC Energy Group Inc 130 0.02




95 Wells Fargo & Co 4,004 0.53

22 Wendy's Co 217 0.03





1 West Bancorporation Inc 14 –

4 West Corp 74 0.01












1 Westwood Holdings Group Inc 38 –

2 WEX Inc 183 0.02



3 Whirlpool Corp 410 0.05






1 Willdan Group Inc 11 –


3 Williams Cos Inc 82 0.01

3 Williams–Sonoma Inc 129 0.02


7 Windstream Holdings Inc 40 0.01

1 Wingstop Inc 34 –

– Winmark Corp 18 –






1 Workday Inc 48 0.01

1 World Acceptance Corp 23 –


3 World Wrestling Entertainment Inc 38 –




2 WR Grace & Co 115 0.02

Shares (000's)

Value (000's)

GBP






1 WW Grainger Inc 219 0.03

3 Wyndham Worldwide Corp 190 0.02

3 Wynn Resorts Ltd 219 0.03

3 Xcel Energy Inc 96 0.01

4 Xcerra Corp 18 –

2 Xencor Inc 37 –



3 Xilinx Inc 114 0.01


1 XO Group Inc 19 –


6 Xylem Inc 230 0.03


8 Yahoo! Inc 255 0.03

– York Water Co 14 –

2 YRC Worldwide Inc 19 –

4 Yum China Holdings Inc 79 0.01

4 Yum! Brands Inc 179 0.03

5 YuMe Inc 14 –

2 ZAGG Inc 12 –



– Zedge Inc 1 –





4 Zix Corp 13 –

5 Zoetis Inc 212 0.03

2 Zogenix Inc 21 –


46 Zynga Inc 105 0.01

388,204 50.74


Preferred Stock

Brazil – 0.26%

7 Alpargatas SA 18 –

9 Banco ABC Brasil SA 28 –


13 Banco do Estado do Rio Grande do Sul SA 34 –

3 Braskem SA 18 –

14 Centrais Eletricas Brasileiras SA 96 0.01

10 Cia Brasileira de Distribuicao 131 0.02

1 Cia de Gas de Sao Paulo – COMGAS 15 –

8 Cia de Saneamento do Parana 20 –

2 Cia de Transmissao de Energia Eletrica Paulista 31 –

34 Cia Energetica de Minas Gerais 64 0.01

11 Cia Energetica de Sao Paulo 32 –

4 Cia Paranaense de Energia 30 – 6

Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 12 –

18 Gerdau SA 56 0.01

57 Itau Unibanco Holding SA 477 0.07


39 Marcopolo SA 24 –


27 Randon SA Implementos e Participacoes 22 –

13 Suzano Papel e Celulose SA 40 0.01

World Equity Fund



Shares (000's)

Value (000's)

GBP



Brazil – 0.26% (continued)

3 Telefonica Brasil SA 34 –


24 Vale SA 142 0.02

2,025 0.26

Chile – 0.01%

11 Coca–Cola Embonor SA 18 –

8 Embotelladora Andina SA 23 0.01

41 0.01

Colombia – 0.01%

9 Avianca Holdings SA 6 –

4 Banco Davivienda SA 28 0.01

3 Grupo Argos SA 14 –

2 Grupo de Inversiones Suramericana SA 19 –

67 0.01

Germany – 0.15%


1 Biotest AG 12 –

1 Draegerwerk AG & Co KGaA 46 –


1 Henkel AG & Co KGaA 61 –




2 Sixt SE 56 –

– STO SE & Co KGaA 21 –



1,149 0.15

Total Preferred Stock – 0.43% (30 Novebmer 2015: 0.32%) 3,282 0.43


Australia – 0.12%


9 Abacus Property Group 16 –

7 ALE Property Group 19 –

14 Arena REIT 16 –

3 Astro Japan Property Group 11 –

22 BWP Trust 38 0.01

1 Carindale Property Trust 5 –


12 Charter Hall Retail REIT 31 –

46 Cromwell Property Group 25 –

14 Dexus Property Group 73 0.01

8 Folkestone Education Trust 11 –

6 Galileo Japan Trust – –

22 GDI Property Group 13 –

8 Generation Healthcare REIT 8 –


17 GPT Group 49 0.01

9 Growthpoint Properties Australia Ltd 16 –

7 Hotel Property Investments 12 –

13 Industria REIT 15 –

7 Ingenia Communities Group 11 –



27 Scentre Group 67 0.01

28 Shopping Centres Australasia Property Group 36 0.01

24 Stockland 63 0.01

43 Vicinity Centres 74 0.01


904 0.12

Shares (000's)

Value (000's)

GBP



Belgium – 0.04%


– Ascencio 16 –


– Care Property Invest 8 –



1 Intervest Offices & Warehouses NV 12 –


– Montea SCA 10 –

1 Retail Estates NV 31 –


– Wereldhave Belgium NV 10 –

325 0.04

Canada – 0.07%


4 Artis Real Estate Investment Trust 26 –

1 Boardwalk Real Estate Investment Trust 20 –


2 Canadian Apartment Properties REIT 37 0.01


3 Cominar Real Estate Investment Trust 26 –

2 Crombie Real Estate Investment Trust 13 –

1 CT Real Estate Investment Trust 11 –

3 Dream Global Real Estate Investment Trust 17 –

3 Dream Industrial Real Estate Investment Trust 14 –

3 Dream Office Real Estate Investment Trust 27 –


4 H&R Real Estate Investment Trust 52 0.01


3 Killam Apartment Real Estate Investment Trust 23 –

1 Milestone Apartments Real Estate Investment Trust 16 –

1 Morguard Real Estate Investment Trust 12 –

1 Northview Apartment Real Estate Investment Trust 14 – 3

NorthWest Healthcare Properties Real Estate Investment Trust 18 –


5 Pure Industrial Real Estate Trust 15 –


2 Smart Real Estate Investment Trust 30 0.01

1 WPT Industrial Real Estate Investment Trust 9 –

558 0.07


57 Spring Real Estate Investment Trust 19 –

36 Yuexiu Real Estate Investment Trust 16 –

35 –

France – 0.06%

– Altarea SCA 18 –

– ANF Immobilier 7 –

– Argan SA 9 –


1 Gecina SA 107 0.02

2 ICADE 92 0.01

2 Klepierre 76 0.01


1 Terreis 16 –

434 0.06

Germany – 0.01%

7 Alstria Office REIT–AG 65 0.01

5 Hamborner REIT AG 39 –

104 0.01

Hong Kong – 0.03%


World Equity Fund



Shares (000's)

Value (000's)

GBP





18 Link REIT 103 0.01

81 Prosperity REIT 26 –

42 Regal Real Estate Investment Trust 9 –

59 Sunlight Real Estate Investment Trust 29 –

246 0.03

Ireland – 0.00%

31 Hibernia REIT PLC 31 –

31 –

Israel – 0.00%

3 Summit Real Estate Holdings Ltd 16 –

16 –

Italy – 0.01%


21 Immobiliare Grande Distribuzione SIIQ SpA 11 –

38 0.01

Japan – 0.22%



– AEON REIT Investment Corp 31 –

– Comforia Residential REIT Inc 34 –

– Daiwa House Residential Investment Corp 48 0.01

– Daiwa Office Investment Corp 28 –

– Frontier Real Estate Investment Corp 53 0.01

– Fukuoka REIT Corp 36 –

– Global One Real Estate Investment Corp 30 –

– GLP J–Reit 41 0.01

– Hankyu Reit Inc 21 –

– Heiwa Real Estate REIT Inc 28 –

– Hoshino Resorts REIT Inc 34 –

– Ichigo Office REIT Investment 34 –




– Japan Hotel REIT Investment Corp 56 0.01




– Japan Rental Housing Investments Inc 34 –

– Japan Retail Fund Investment Corp 34 –


– Kenedix Residential Investment Corp 27 –

– Kenedix Retail REIT Corp 31 –

– MCUBS MidCity Investment Corp 29 –





– Nippon Prologis REIT Inc 18 –

– Nippon REIT Investment Corp 25 –

– Nomura Real Estate Master Fund Inc 62 0.01



– Sekisui House REIT Inc 34 –

– Sekisui House SI Residential Investment Corp 30 –

– SIA Reit Inc 13 –


– Tokyu REIT Inc 38 0.01


1,642 0.22

Malaysia – 0.01%

56 Axis Real Estate Investment Trust 17 –

Shares (000's)

Value (000's)

GBP




52 Capitaland Malaysia Mall Trust 14 –

68 IGB Real Estate Investment Trust 20 0.01

12 KLCCP Stapled Group 16 –

45 Pavilion Real Estate Investment Trust 15 –

62 Sunway Real Estate Investment Trust 19 –

101 0.01

Mexico – 0.03%

11 Asesor de Activos Prisma SAPI de CV 5 –

26 Concentradora Fibra Danhos SA de CV 33 0.01

19 Concentradora Fibra Hotelera Mexicana SA de CV 11 –

17 Fibra Shop Portafolios Inmobiliarios SAPI de CV 9 –

64 Fibra Uno Administracion SA de CV 78 0.01 43

Macquarie Mexico Real Estate Management SA de CV 35 0.01

28 PLA Administradora Industrial S de RL de CV 31 –

202 0.03



6 NSI NV 18 –

1 Unibail–Rodamco SE 162 0.02



348 0.05

New Zealand – 0.01%


11 Stride Property Group 11 –

25 Vital Healthcare Property Trust 29 –

73 0.01

Singapore – 0.11%

25 AIMS AMP Capital Industrial REIT 18 –

28 Ascendas Hospitality Trust 11 –


48 Ascott Residence Trust 31 0.01

50 Cache Logistics Trust 23 –

35 Cambridge Industrial Trust 11 –


25 CapitaLand Mall Trust 27 –

37 CapitaLand Retail China Trust 29 0.01

30 CDL Hospitality Trusts 22 –

57 Far East Hospitality Trust 19 –

26 First Real Estate Investment Trust 18 –

31 Frasers Centrepoint Trust 33 0.01

41 Frasers Commercial Trust 29 0.01

40 Frasers Hospitality Trust 14 –

27 Keppel DC REIT 18 –


75 Lippo Malls Indonesia Retail Trust 16 –




47 Mapletree Logistics Trust 27 –

48 OUE Hospitality Trust 17 –

18 Parkway Life Real Estate Investment Trust 25 – 17

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust 5 –


35 SPH REIT 19 –

61 Starhill Global REIT 26 –


808 0.11


31 Delta Property Fund Ltd 13 –

World Equity Fund



Shares (000's)

Value (000's)

GBP




32 Emira Property Fund Ltd 25 –

67 Growthpoint Properties Ltd 95 0.01

11 Hyprop Investments Ltd 69 0.01

14 Investec Property Fund Ltd 12 –

17 Rebosis Property Fund Ltd 11 –

106 Redefine Properties Ltd 62 0.01

9 Resilient REIT Ltd 54 0.01

87 SA Corporate Real Estate Fund Nominees Pty Ltd 27 –

28 Vukile Property Fund Ltd 28 0.01

396 0.05

Spain – 0.02%


159 0.02

Taiwan – 0.00%

28 Cathay No 1 REIT 12 –

29 Shin Kong No.1 REIT 10 –

22 –

Turkey – 0.00%

21 Emlak Konut Gayrimenkul Yatirim Ortakligi AS 15 –

28 Is Gayrimenkul Yatirim Ortakligi AS 10 –

9 Torunlar Gayrimenkul Yatirim Ortakligi AS 8 –

33 –


94 Assura PLC 54 0.01



41 Capital & Regional PLC 22 –








3 McKay Securities PLC 6 –


33 Primary Health Properties PLC 37 –

64 Redefine International PLC 23 –

11 Safestore Holdings PLC 36 –

22 Schroder Real Estate Investment Trust Ltd 13 –

33 Segro PLC 139 0.02



1,161 0.15




– Alexander's Inc 103 0.01





1 American Tower Corp 57 0.01



2 Ashford Hospitality Prime Inc 20 –

5 Ashford Hospitality Trust Inc 28 –

1 AvalonBay Communities Inc 183 0.02


2 Boston Properties Inc 169 0.02


Shares (000's)

Value (000's)

GBP





3 Camden Property Trust 158 0.02


3 CareTrust REIT Inc 29 –


4 Cedar Realty Trust Inc 22 –

2 Chatham Lodging Trust 29 –





5 Communications Sales & Leasing Inc 91 0.01

1 CoreCivic Inc 10 –




– Crown Castle International Corp 28 –

3 CubeSmart 65 0.01



9 DDR Corp 115 0.02






2 Easterly Government Properties Inc 30 –





1 Equinix Inc 204 0.03





1 Essex Property Trust Inc 126 0.02

1 Extra Space Storage Inc 67 0.01

2 Federal Realty Investment Trust 216 0.03

6 FelCor Lodging Trust Inc 37 0.01


3 First Potomac Realty Trust 20 –

7 Forest City Realty Trust Inc, Class A 108 0.01

1 Forest City Realty Trust Inc, Class B 8 –

3 Four Corners Property Trust Inc 46 0.01

5 Franklin Street Properties Corp 49 0.01


9 General Growth Properties Inc 181 0.02

2 Getty Realty Corp 31 –

1 Gladstone Commercial Corp 15 –

7 Global Net Lease Inc 43 0.01



5 HCP Inc 125 0.02



3 Hersha Hospitality Trust 41 0.01





2 Independence Realty Trust Inc 11 –

6 Investors Real Estate Trust 29 –

World Equity Fund



Shares (000's)

Value (000's)

GBP





2 Kilroy Realty Corp 144 0.02



– Lamar Advertising Co 11 –







4 Mack–Cali Realty Corp 80 0.01


2 Mid–America Apartment Communities Inc 153 0.02

3 Monmouth Real Estate Investment Corp 32 –



4 National Retail Properties Inc 131 0.02

2 National Storage Affiliates Trust 31 –

4 New Senior Investment Group Inc 35 0.01


1 NexPoint Residential Trust Inc 14 –

3 NorthStar Realty Europe Corp 28 –


1 One Liberty Properties Inc 19 –

1 Outfront Media Inc 10 –


2 Parkway Inc 28 –






6 Prologis Inc 230 0.03


1 Public Storage 170 0.02


1 Quality Care Properties Inc 12 –

4 Ramco–Gershenson Properties Trust 58 0.01

3 Realty Income Corp 124 0.02











1 Seritage Growth Properties 34 0.01

2 Silver Bay Realty Trust Corp 31 –

2 Simon Property Group Inc 244 0.03

2 SL Green Realty Corp 154 0.02










Shares (000's)

Value (000's)

GBP





7 UDR Inc 202 0.03

1 UMH Properties Inc 12 –

1 Universal Health Realty Income Trust 28 –


1 Urstadt Biddle Properties Inc 27 –

4 Ventas Inc 179 0.02


2 Vornado Realty Trust 150 0.02




4 Welltower Inc 182 0.02





Rights

Australia – 0.00%


– –

Brazil – 0.00%

2 Marcopolo SA – –

– –

Canada – 0.00%


1 –


68 MMG Ltd 5 –

5 –

Indonesia – 0.00%

4 Jasa Marga Persero Tbk PT – –

– –

Italy – 0.00%



– –

Korea, Repuplic of - 0.00%

– Cosmax Inc – –

– –


7 KAP Industrial Holdings Ltd – –

2 Rebosis Property Fund Ltd – –

– –

Spain – 0.00%


44 Telefonica SA 12 –

13 –

Taiwan – 0.00%

8 Taishin Financial Holding – –


– –

Thailand – 0.00%

2 TPI Polene PCL – –

– –

World Equity Fund



Shares (000's)

Value (000's)

GBP


Rights (continued)


– Overstock.com – –

– –


Warrants


34 Symphony Holdings Ltd – –

– –



Cash and Cash Equivalents – 0.64% (30 November 2015: (0.03)%) 4,894 0.64 Liabilities in Excess of Other Assets – (0.40)% (30 November 2015: 0.30%) (3,040) (0.40)


– Amounts designated as “– “ are either £0, less than £500 or less than 500 shares.

Analysis of Total Assets (unaudited) % of Total Assets Transferable securities admitted to an official exchange listing or traded on a regulated market 96.50 Other transferable securities of the type reffered to in Regulation 68(1)(a), (b) and (c) 0.01

Current Assets 3.49

Total Assets 100.00

Notes to the Financial Statements

for the financial year ended 30 November 2016


1. Organisation Dimensional Funds plc (the “Company”) was incorporated on

14 January 2002. The Company is established as an investment

company with segregated liability between funds (each a “Fund”,

together the “Funds”) and variable capital under the laws of Ireland as

a public limited company pursuant to the European Communities

(Undertakings for Collective Investment in Transferable Securities)

Regulations, 2011 (as amended) (the "UCITS Regulations").

The majority of the Company shares are or have applied to be listed

on the Irish Stock Exchange (“ISE”).

2. Basis of Preparation and Presentation These audited Financial Statements are prepared in accordance with

FRS 102; the Financial Reporting Standard applicable in the UK and

Republic of Ireland (“FRS 102”). FRS 102 is effective for accounting

periods commencing 1 January 2015.

The Fund has continued to avail of the exemption available to open

ended investment funds under FRS 102 and is not presenting a cash

flow statement.

The Financial Statements have been prepared on a going concern

basis.

Transition to the new accounting framework

The date of transition to the new accounting framework is

1 December 2014 (i.e. the earliest period for which the Fund presents

full comparative information) and accordingly the comparative

amounts presented for the financial year ended 30 November 2015

are based on the Company’s Financial Statements for that financial

year after adjustment for the transition to FRS 102.

The 1 December values disclosed in the Statement of Financial

Position are opening balance sheet positions following restatement.

As part of the transition to FRS 102, the Profit and Loss Account and

Balance Sheet have been renamed to Statement of Comprehensive

Income and Statement of Financial Position respectively.

Changes to the Company’s accounting policies have been made as

required, in accordance with the transitional provisions in FRS 102. In

effect, the accounting policies applied in preparing these financial

statements under FRS 102 are consistent with the accounting policies

applied in preparing the prior financial year Financial Statements

under the previous accounting framework with the exception of the

company policy in relation to its fair valuation input. Please refer to

note 3a. Prior financial year balances have been restated as

disclosed below.


Financial assets at fair value through profit or loss

Fund Currency 30 November 2015

as disclosed 30 November 2015

restated Adjustment 1 December 2014

as disclosed 1 December 2014

restated Adjustment

Emerging Markets Large Cap Core Equity Fund USD 115,146,268 115,256,041 109,773 – – –

Emerging Markets Value Fund USD 1,514,344,746 1,514,924,347 579,601 2,017,270,093 2,018,187,352 917,259

Euro Inflation Linked Intermediate Duration Fixed Income Fund EUR 6,236,897 6,250,381 13,484 5,050,056 5,057,582 7,526

Euro Inflation Linked Long Duration Fixed Income Fund EUR 15,036,177 15,097,907 61,730 13,145,892 13,177,610 31,718

European Small Companies Fund EUR 164,950,626 165,124,039 173,413 158,879,796 159,016,252 136,456

European Value Fund EUR 57,474,923 57,408,499 (66,424) 79,105,358 79,086,070 (19,288)

Global Core Equity Fund USD 1,369,978,931 1,370,146,550 167,619 1,183,687,592 1,183,751,314 63,722

Global Short Fixed Income Fund EUR 1,334,950,876 1,335,886,383 935,507 955,056,440 955,833,255 776,815

Global Short–Term Investment Grade Fixed Income USD 376,456,860 376,725,757 268,897 143,770,009 143,894,776 124,767

Global Small Companies Fund USD 470,717,382 471,212,773 495,391 375,471,806 375,736,942 265,136

Global Sustainability Core Equity Fund USD 80,656,044 80,649,411 (6,633) 67,900,750 67,896,852 (3,898)

Global Targeted Value Fund USD 1,518,038,295 1,519,538,678 1,500,383 1,310,588,762 1,311,361,899 773,137

Global Ultra Short Fixed Income Fund GBP 318,225,776 318,306,539 80,763 204,915,242 204,968,990 53,748

Pacific Basin Small Companies Fund USD 67,550,495 67,700,534 150,039 58,525,966 58,618,514 92,548

Pacific Basin Value Fund USD – – – 11,338,861 11,342,064 3,203

Sterling Inflation Linked Intermediate Duration Fixed Income Fund GBP 377,346,114 378,022,851 676,737 355,907,022 356,330,163 423,141

Sterling Inflation Linked Long Duration Fixed Income Fund GBP – – – 3,979,267 3,988,357 9,090

U.S. Core Equity Fund USD 105,165,293 105,172,247 6,954 – – –

U.S. Small Companies Fund USD 161,699,925 161,838,819 138,894 162,296,704 162,354,817 58,113

World Allocation 20/80 Fund GBP 151,413 151,417 4 – – –

World Allocation 40/60 Fund GBP 118,593,057 118,593,057 – 89,253,947 89,253,947 –

World Allocation 60/40 Fund GBP 262,014,953 262,014,953 – 177,903,679 177,903,679 –

World Allocation 80/20 Fund GBP 457,219 457,219 – – – –

World Equity Fund GBP 393,342,984 393,512,425 169,441 271,282,585 271,312,324 29,739


for the financial year ended 30 November 2016 (continued)


2. Basis of Preparation and Presentation (continued) Statement of Comprehensive Income

Net gain/(loss) on financial assets at fair value through profit or loss

Fund Currency

Financial year ended 30 November 2015

as disclosed

Financial year ended 30 November 2015

restated Adjustment

Emerging Markets Large Cap Core Equity Fund USD (36,957,942) (36,848,169) 109,773

Emerging Markets Value Fund USD (433,451,905) (433,789,563) (337,658)

Euro Inflation Linked Intermediate Duration Fixed Income Fund EUR 253,875 259,833 5,958

Euro Inflation Linked Long Duration Fixed Income Fund EUR 781,633 811,645 30,012

European Small Companies Fund EUR 33,748,537 33,785,494 36,957

European Value Fund EUR 933,790 886,654 (47,136)

Global Core Equity Fund USD (33,039,845) (32,935,948) 103,897

Global Short Fixed Income Fund EUR 52,865,821 53,024,513 158,692

Global Short–Term Investment Grade Fixed Income USD (21,940,902) (21,796,772) 144,130

Global Small Companies Fund USD 3,352,105 3,582,360 230,255

Global Sustainability Core Equity Fund USD (1,571,512) (1,574,247) (2,735)

Global Targeted Value Fund USD (23,684,118) (22,956,872) 727,246

Global Ultra Short Fixed Income Fund GBP (3,758,510) (3,731,495) 27,015

Pacific Basin Small Companies Fund USD 1,911,292 1,968,783 57,491

Pacific Basin Value Fund USD 169,758 166,555 (3,203)

Sterling Inflation Linked Intermediate Duration Fixed Income Fund GBP (6,774,542) (6,520,946) 253,596

Sterling Inflation Linked Long Duration Fixed Income Fund GBP (136,361) (145,451) (9,090)

U.S. Core Equity Fund USD (2,650,720) (2,643,766) 6,954

U.S. Small Companies Fund USD 5,597,029 5,677,810 80,781

World Allocation 20/80 Fund GBP (40) (36) 4

World Allocation 40/60 Fund GBP 21,883 21,883 –

World Allocation 60/40 Fund GBP (126,069) (126,069) –

World Allocation 80/20 Fund GBP 4,130 4,130 –

World Equity Fund GBP (3,870,746) (3,731,044) 139,702

On initial application of FRS 102, in accounting for its financial

instruments a reporting entity is required to apply either a) the full

requirements of FRS 102 relating to “Basic Financial Instruments”

and Other Financial Instruments Issues, b) the recognition and

measurement provisions of IAS 39 Financial Instruments: Recognition

and Measurement and only the disclosure requirements of FRS 102

relating to “Basic Financial Instruments” and “Other Financial”

Instruments, or c) the recognition and measurement provisions of

IFRS 9 Financial Instruments and only the disclosure requirements of

FRS 102 relating to “Basic Financial Instruments” and “Other

Financial Instruments”. The Company has chosen to implement the

recognition and measurement provisions of IAS 39 Financial

Instruments: Recognition and only the disclosure requirements of

FRS 102 relating to “Basic Financial Instruments” and “Other

Financial Instruments”.

3. Significant Accounting Policies These Financial Statements are the first set of Financial Statements

prepared under the new accounting framework FRS 102. However as

mentioned in the transition section, the accounting polices applied in

preparing these Financial Statements are consistent with the

accounting policies in preparing the prior annual Financial

Statements, with the exception of the Company implementing the

recognition and measurement provisions of IAS 39 Financial

Instruments: Recognition and Measurement.

The Company changed its fair valuation input to utilise last traded

market price for financial assets. Where the last traded price is not

within the bid ask spread, management will determine the point within

the bid ask spread which is most representative of fair value. Prior to

1 December 2015, the accrued market price used for financial assets

held by the Company was the current bid price.

The Company makes estimates and assumptions that affect the

reported amounts of assets and liabilities. Estimates and judgements

are continually evaluated and are based on historical experience and

other factors. Estimates and assumptions used may include the use

of valuation techniques for the purposes of determining the fair value

of financial instruments that are not quoted in active markets, such as

unlisted equities and investment in other investment funds. Fair

values of such instruments are determined by using valuation

techniques as discussed in note 3(a).

a) Investments at Fair Value

(i) Classification

The Company has classified its investments at fair value

through profit or loss.




3. Significant Accounting Policies (continued) a) Investments at Fair Value (continued)

(ii) Recognition/Derecognition

Purchases and sales of investments are recognised on trade

date i.e. the date on which the Company commits to

purchase or sell the asset. Investments are initially

recognised at fair value and transaction costs for all financial

assets carried at fair value through profit or loss are

expensed as incurred.

Investments are derecognised when the rights to receive

cash flows from the investments have expired or the

Company has transferred substantially all risks and rewards

of ownership.

(iii) Measurement

The Company recognises financial assets and financial

liabilities on the date it becomes a party to the contractual

provisions of the instrument. A regular purchase of financial

assets is recognised using trade date accounting. From this

date any gains and losses arising from changes in fair value

of the financial assets or financial liabilities are recorded.

Profits and losses on the disposal of investments are

computed on a first-in, first-out basis and are included in the

Statement of Comprehensive Income. Unrealised gains and

losses on investments are recognised in the Statement of

Comprehensive Income.

(iv) Fair value estimation

In preparing the financial statements, the assets and liabilities

of each Fund were valued at the respective valuation point for

each Fund on 30 November 2016.

Equity and fixed income securities

For financial statements purposes the quoted market price

used for financial assets held by the Company is the current

last traded price with the exception of bonds where the

quoted market price can be last traded price or quoted mid

price depending on the bond type. When the Company holds

derivatives with offsetting market risks it uses mid-market

prices as a basis for establishing fair values for the offsetting

risk positions and applies the bid or asking price to the net

open position, as appropriate.

Unlisted securities

Unlisted securities, if any, are valued at their probable

realisation value determined with care and in good faith by

the Administrator in consultation with the Investment

Manager, who is approved for that purpose by the

Depositary. When a “readily available market quotation” for a

security is not available, the Company employs “fair value”

methodologies to price securities.

The fair valuation process requires the Investment Committee

of the Investment Manager (the “Investment Committee”) to

make a determination as to the value of a particular security

or group of securities depending on the particular facts and

circumstances involved. The Funds do not invest in any

unlisted securities other than certain unlisted warrants and

rights that have been received as a result of corporate

actions.

Investee Funds

The Company’s investments in other funds (“Investee

Funds”) are subject to the terms and conditions of the

respective Investee Funds’ offering documentation. The

investments in Investee Funds are primarily valued on the

unaudited Net Asset Value at 30 November 2016 of such

units for each Investee Fund, as determined by the Investee

Funds’ administrators.


Forward Currency Contracts are measured at fair value

based on the closing prices of the Forward Currency

Contracts contract rates on the relevant foreign exchange

market on a daily basis. Realised and unrealised gains and/or

losses are reported in the Statement of Comprehensive

Income.

Futures

Futures are measured at fair value based on their quoted

daily settlement prices. Realised and unrealised gains and/or

losses are reported in the Statement of Comprehensive

Income.

b) Income

Interest income and expense are recognised in the Statement of

Comprehensive Income for all debt instruments using the

effective interest method. The effective interest rate is the rate

that exactly discounts estimated future cash payments or receipts

throughout the expected life of the financial instrument, or a

shorter period where appropriate, to the net carrying amount of

the financial asset or financial liability. Dividend income is

recorded on the ex-dividend date gross of withholding taxes and

is disclosed separately in the Statement of Comprehensive

Income, net of any tax credits.

c) Expense Recognition

All expenses are taken to the Statement of Comprehensive

Income on an accruals basis. Costs and expenses incurred in the

operation of a Fund are borne out of the assets of the relevant

Fund. The Investment Manager may, at its discretion, contribute

directly towards the expenses attributable to the establishment

and/or operation of any particular Fund and/or the marketing,

distribution and/or sale of shares and may from time to time at its

sole discretion waive any or all of the management fees in

respect of any particular payment period.




3. Significant Accounting Policies (continued) d) Foreign Currency Translation

Functional and presentational currency: Items included in the

Company’s financial statements are measured using the currency

of the primary economic environment in which it operates (the

“functional currency”). This is the Euro for Euro Inflation Linked

Intermediate Duration Fixed Income Fund, Euro Inflation Linked

Long Duration Fixed Income Fund, European Small Companies

Fund, European Value Fund and Global Short Fixed Income

Fund, Sterling for Global Ultra Short Fixed Income Fund, Sterling

Inflation Linked Intermediate Duration Fixed Income Fund,

Sterling Inflation Linked Long Duration Fixed Income Fund, World

Allocation 20/80 Fund, World Allocation 40/60 Fund, World

Allocation 60/40 Fund, World Allocation 80/20 Fund, World Equity

Fund and U.S. Dollars for Emerging Markets Large Cap Core

Equity Fund, Emerging Markets Value Fund, Global Core Equity

Fund, Global Short-Term Investment Grade Fixed Income Fund,

Global Small Companies Fund, Global Sustainability Core Equity

Fund, Global Targeted Value Fund, Global Value Fund, Pacific

Basin Small Companies Fund, Pacific Basin Value Fund, U.S.

Core Equity Fund and U.S. Small Companies Fund. The

Company has adopted the functional currency of each Fund as

the presentation currency for the financial statements. The

Company Statement of Financial Position, Statement of

Comprehensive Income and Statement of Changes in Net Assets

Attributable to Holders of Redeemable Shares are presented in

Euro.

Purchases and sales of securities, and income and expenses are

translated at the rate of exchange quoted on the respective date

that such transactions are recorded. All assets and liabilities

denominated in foreign currencies are translated at the rate of

exchange at the latest available rate at the Valuation Point.

Foreign exchange gains and losses resulting from both the

settlement of such transactions and from the translation at period

end exchange rates of monetary assets and liabilities

denominated in foreign currencies are recognised in the

Statement of Comprehensive Income.

e) Redeemable Shares

Redeemable shares are redeemable at the shareholder’s option

and are classified as financial liabilities. Any distribution on these

redeemable shares is recognised in the Statement of Changes.

The redeemable shares can be put back to the Company at any

time for cash equal to a proportionate share of the Company’s net

asset value (“NAV”). The redeemable shares are carried at the

redemption amount that is payable at the Statement of Financial

Position date if the shareholders exercised their right to put the

shares back to the Company.

f) NAV per Share

The NAV per share of the relevant class of the Fund is calculated

by dividing that proportion of the NAV of the Fund which is

attributable to the relevant class by the total number of shares of

the relevant class in issue at the relevant valuation point.

The NAV per share presented in note 15 is calculated in

accordance with the prospectus.

g) Distributions

The Company’s distribution policy is disclosed in note 14.

Dividends paid by a Fund are recorded by that Fund on the ex-

dividend date and are disclosed separately in the Statement of

Changes. Proposed distributions to holders of redeemable shares

are recognised in the Statement of Changes when such dividends

are appropriately authorised.

h) Income Equalisation

The Company may operate an equalisation account in respect of

certain classes of shares in each of the Funds. This arrangement

is intended to ensure that the income per redeemable share

which is distributed in respect of the distribution period is not

affected by changes in the number of redeemable shares in issue

during that period. The calculation of equalisation is based on net

income and represents the income portion of the price of

subscriptions/redemptions of redeemable shares. Refer to note

14 for disclosure of income equalisation adjustments on dividends

during the financial year.

i) Forward Currency Contracts

A forward currency contract involves an obligation to purchase or

sell a specific currency at a future date at a price set at the time

the contract is made. Forward currency contracts are valued by

reference to the forward price at which a new forward contract of

the same size and maturity could be affected at the valuation

date. The unrealised gain or loss on open forward currency

contracts is calculated as the difference between the contract rate

and this forward price and recognised in the Statement of

Comprehensive Income. Where a forward currency contract is

purchased to hedge the currency risk of a specific class, which is

issued in a currency other than the base currency of the

respective Fund, all gains or losses on that contract are allocated

to that class. Refer to the individual Funds’ Portfolio of

Investments for disclosure of forward currency contracts held at

30 November 2016.

j) Taxation

As disclosed in note 7, generally the Company is not subject to

Irish tax on income, profits or capital gains or other taxes payable.

However, income from investments held by the Company may be

subject to withholding taxes or capital gains taxes in jurisdictions

other than the Company’s country of domicile. Taxes incurred by

the Funds are recorded in the Statement of Comprehensive

Income within withholding tax on dividends and other taxation.

k) Securities Lending Income

The Company has appointed State Street Bank International

GmbH, London Branch, as securities lending agent. Certain

Funds may lend securities through State Street Bank

International GmbH, London Branch, as securities lending agent

to brokers, dealers and other financial organisations to earn

additional income.




3. Significant Accounting Policies (continued) k) Securities Lending Income (continued) Certain Funds may lend securities through State Street Bank

International GmbH, London Branch, as securities lending agent

to brokers, dealers and other financial organisations to earn

additional income.

Income earned from securities lending activities is accounted for

on an accruals basis.

As referred to in note 4 any cash collateral received in relation to

securities lending activities is presented on the face of the

Statement of Financial Position.

Cash received as collateral is recorded as an asset on the

Statement of Financial Position and is valued at fair value. A

related liability to repay the collateral is recorded as a liability on

the Statement of Financial Position and is also valued at its fair

value in line with the requirement of FRS 102.

l) Transaction Costs

Transaction costs are incremental costs that are directly

attributable to the acquisition, issue or disposal of a financial

asset or financial liability. An incremental cost is one that would

not have been incurred if the entity had not acquired, issued or

disposed of the financial instrument. When a financial asset or

financial liability is recognised initially, an entity shall measure it at

its fair value through profit or loss with transaction costs for such

instruments being recognised directly in the Statement of

Comprehensive Income.

Transaction costs charged by the Depositary on the settlement of

purchases and sales of investments are disclosed within sub-

custodian fees in the Statement of Comprehensive Income for

each Fund.

Transaction costs on purchases and sales of equities, collective

investment funds, futures contracts and options are included in

net gain/(loss) on financial assets and financial liabilities at fair

value through profit or loss in the Statement of Comprehensive

Income for each Fund. These costs are included in note 6 “Fees

and Expenses -Transaction Costs” for each Fund.

Transaction costs on the purchase and sale of bonds and forward

currency contracts are included in the purchase and sale price of

the investment. These costs cannot be practically or reliably

gathered as they are embedded in the cost of the investment and

cannot be separately verified or disclosed.

m) Futures

A future contract involves an obligation to purchase a specific

security at a future date at a price set at the time the contract is

made. Future contracts are valued by reference to the current

price at which a new futures contract could be affected at the

valuation date.

The unrealised gain or loss on open futures contracts is

calculated as the difference between the contract price and the

current market price and recognised in the Statement of

Comprehensive Income. Refer to the individual funds portfolio for

disclosure of futures contracts held at 30 November 2016.

4. Lending of Securities The Company has appointed State Street Bank International GmbH,

London Branch as securities lending agent (the “securities lending

agent”).

Each security loan is collateralised with collateral assets in an amount

greater than the current market value of the loaned securities. There

is a risk of delay in receiving collateral or in recovering the securities

loaned or even loss of rights in collateral should the borrower fail

financially.

However, in the event of default or bankruptcy by the other party to

the agreement, realisation and/or retention of the collateral may be

subject to legal proceedings. In the event that the borrower fails to

return loaned securities, and collateral being maintained by the fund

in question is insufficient to cover the value of loaned securities and

provided such collateral insufficiency is not the result of investment

losses, the securities lending agent has agreed to pay the amount of

the shortfall to the respective fund or, at the option of the securities

lending agent, to replace the securities.

Subject to each fund’s investment policy, any cash collateral received

by a fund from securities on loan may be invested in securities of the

U.S. government or its agencies, repurchase agreements

collateralised by securities of the U.S. government or its agencies,

time deposits and registered and unregistered money market funds.

Agencies include both agency debentures and agency mortgage

backed securities.

As at 30 November 2016, USD97,000,000 (30 November 2015:

USD398,000,000) of the total cash collateral received by the funds

(as disclosed on the Statement of Financial Position and in the tables

below) was re-invested in repurchase agreements with approved

counterparties Citigroup, JP Morgan and Merrill Lynch (30 November

2015: Citigroup and Merrill Lynch). Not all of the cash collateral

received at 30 November 2016 was re-invested due to a timing

difference between the cut-off point for receipt of cash collateral and

the cut–off point for re-investment (30 November 2015: All of the cash

collateral received at 30 November 2015 was reinvested. Due to a

timing difference between the cut-off point for receipt of cash

collateral and the cut-off point for re-investment at 30 November

2015, the re-investment value exceeded the cash collateral received).

The fair value of these repurchase agreements as at 30 November

2016 was USD98,940,892 (30 November 2015 was

USD398,000,000). These agreements were entered into on 30

November 2016 and matured on 1 December 2016 (30 November

2015: entered into on 27 November 2015 and matured on 1

December 2015).

In addition, each fund will be able to terminate the loan at any time

and will receive reasonable interest on the loan, as well as amounts

equal to any dividends, interest or other distributions on the loaned

securities.




4. Lending of Securities (continued) As at 30 November 2016 and 30 November 2015 each of the funds

disclosed in the following tables had outstanding loans of securities to

certain brokers, dealers or other financial institutions for which each

fund has a security interest and lien upon segregated cash and/or

securities equivalent to or greater than 100% of the current market

value of the loaned securities with respect to any type of securities

loaned through the securities lending agent.

As at 30 November 2016 and 30 November 2015 the collateral

received for securities lending purposes comprised cash and

government bonds as disclosed in the Market Value of U.S. Loaned

Securities and Market Value of non–U.S. Loaned Securities tables

below.

As at 30 November 2016 and 30 November 2015, each of the

following funds had loaned securities with respect to U.S. securities

through the securities lending agent:

Market Value of U.S. Loaned Securities

As at 30 November 2016

USD


USD

Emerging Market Large Cap Core Equity Fund 380,367 1,561,459

Emerging Markets Value Fund 5,723,828 22,030,929

Global Core Equity Fund 16,548,495 57,227,138 Global Short-Term Investment Grade Fixed Income Fund – 3,022,357

Global Small Companies Fund 16,080,379 34,954,515

Global Sustainability Core Equity Fund 393,914 8,864,943

Global Targeted Value Fund 42,402,750 127,098,024

Global Value Fund* 200,512 –

Market Value of U.S. Loaned Securities


USD


USD

U.S. Core Equity Fund – 18,631,960

U.S. Small Companies Fund 11,068,508 29,273,577

World Equity Fund 12,009,352 18,839,678

Total 104,808,105 321,504,580

Fair value of securities received as collateral 96,009,755 –

Cash collateral received 12,533,285 331,937,481

Total 108,543,040 331,937,481

As at 30 November 2016 and 30 November 2015, each of the

following Funds had loaned securities with respect to non–U.S.

securities through the securities lending agent:

Market Value of non–U.S. Loaned Securities


USD


USD

Emerging Market Large Cap Core Equity Fund 7,993,949 4,806,739

Emerging Markets Value Fund 140,758,711 156,584,966

European Small Companies Fund 25,525,779 26,854,454

European Value Fund 6,115,508 5,209,938

Global Core Equity Fund 92,560,748 56,026,627

Global Short Fixed Income Fund – 9,330,539

Global Short-Term Investment Grade Fixed Income 2,534,319 –

Global Small Companies Fund 51,841,197 27,569,378

Global Sustainability Core Equity Fund 2,910,228 2,537,349

Global Targeted Value Fund 168,004,966 103,991,668

Global Value Fund* 172,475 –

Pacific Basin Small Companies Fund 9,329,123 9,113,842

World Equity Fund 46,485,497 20,516,882

Total 554,232,500 422,542,382

Fair value of securities received as collateral 514,724,611 389,256,311

Cash collateral received 84,698,846 65,779,154

Total 599,423,457 455,035,465

Securities lending income as disclosed in the Statement of Comprehensive Income is received net of the securities lending agent's fee. The

securities lending agent's fees incurred for the financial year ended 30 November 2016 and financial year ended 30 November 2015 are disclosed

in the table below. All operational costs are borne out of the securities lending agents share.

Fund Currency Financial year ended

30 November 2016 Financial year ended

30 November 2015

Emerging Markets Large Cap Core Equity Fund USD 8,080 1,671

Emerging Markets Value Fund USD 273,999 271,182

European Small Companies Fund EUR 24,775 24,315

European Value Fund EUR 2,448 3,703

Global Core Equity Fund USD 87,330 78,440

Global Short Fixed Income Fund EUR 805 1,646

Global Short-Term Investment Grade Fixed Income USD 305 82

Global Small Companies Fund USD 74,151 59,081

Global Sustainability Core Equity Fund USD 2,716 2,797

Global Targeted Value Fund USD 168,307 183,380

Global Ultra Short Fixed Income Fund GBP 183 473

Global Value Fund* USD 63 –

Pacific Basin Small Companies Fund USD 9,153 8,576

U.S. Core Equity Fund USD 3,581 676

U.S. Small Companies Fund USD 13,893 18,457

World Equity Fund GBP 37,847 20,794

None of the above securities and cash collateral received from a single issuer has exceeded 20% of the Fund's Net Asset value (“NAV”) at the

financial year end date. * Global Value Fund commenced trading on 11 July 2016.




5. Net Gain/(Loss) on Financial Assets at fair value through profit or loss

For the financial years ended 30 November 2016 and 30 November 2015:



Value Fund


Income Fund


Income Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR

Net realised gain/(loss) on financial assets at fair value through profit or loss (5,337,922) (120,244) (76,806,797) (62,924,624) 47,746 202,994 2,318,808 81,126 Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss 14,133,541 (36,727,925) 250,463,496 (370,864,939) (30,750) 56,839 (1,567,110) 730,519

8,795,619 (36,848,169) 173,656,699 (433,789,563) 16,996 259,833 751,698 811,645

European Small


Value Fund Global Core Equity Fund


30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR

Net realised gain/(loss) on financial assets at fair value through profit or loss 12,586,675 11,000,204 (820,213) 4,638,718 10,141,598 14,469,222 211,965,707 (23,268,831) Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss (22,244,564) 22,785,290 (2,620,504) (3,752,064) 43,052,727 (47,405,170) (222,787,281) 76,293,344

(9,657,889) 33,785,494 (3,440,717) 886,654 53,194,325 (32,935,948) (10,821,574) 53,024,513

Global Short-Term Investment Grade

Fixed Income Fund Global Small

Companies Fund Global Sustainability


Value Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD

Net realised gain/(loss) on financial assets at fair value through profit or loss (33,599,205) (17,572,057) 16,207,811 14,213,401 (1,518,860) 1,718,846 42,431,198 87,847,534 Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss (23,494,818) (4,224,715) 15,857,650 (10,631,041) 3,434,957 (3,293,093) 105,003,313 (110,804,406)

(57,094,023) (21,796,772) 32,065,461 3,582,360 1,916,097 (1,574,247) 147,434,511 (22,956,872)

Global Ultra Short

Fixed Investment Fund Global Value



30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP

Net realised gain/(loss) on financial assets at fair value through profit or loss (21,805,986) (4,763,728) 285,593 – (240,930) (431,821) 1,315,000 2,738,201 Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss 27,049,168 1,032,233 7,883,788 – 3,419,332 2,400,604 31,692,489 (9,259,147)

5,243,182 (3,731,495) 8,169,381 – 3,178,402 1,968,783 33,007,489 (6,520,946)

U.S. Core Equity




40/60 Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Net realised gain/(loss) on financial assets at fair value through profit or loss 6,365,276 (4,717,401) 8,819,735 16,467,195 85,754 - 3,792,171 1,494,292 Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss (1,892,904) 2,073,635 11,336,235 (10,789,385) 187,309 (36) 11,449,925 (1,472,409)

4,472,372 (2,643,766) 20,155,970 5,677,810 273,063 (36) 15,242,096 21,883

World Allocation


80/20 Fund World Equity

Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Net realised gain/(loss) on financial assets at fair value through profit or loss 9,002,892 2,411,671 424,571 – 5,625,906 (25,154) Net change in unrealised gain/(loss) on financial assets at fair value through profit or loss 39,318,122 (2,537,740) 3,018,689 4,130 139,248,484 (3,705,890)

48,321,014 (126,069) 3,443,260 4,130 144,874,390 (3,731,044)

* Global Value Fund commenced trading on 11 July 2016.




6. Fees and Expenses Management fees

The Investment Manager is entitled to receive investment management fees in respect of each fund payable out of the assets of the fund accruing

daily and payable monthly in arrears. The table below shows the rates at which the Investment Manager's fees are charged:

Fund % of daily Net Asset Value


- All Classes save for the USD Z Institutional Accumulation Shares and USD Z Institutional Distributing Shares 0.50%

- USD Z Institutional Accumulation Shares and USD Z Institutional Distributing Shares 0.00%


- All Classes save for the USD Accumulation Investor Shares and USD Distributing Investor Shares 0.50%

- USD Accumulation Investor Shares and USD Distributing Investor Shares 0.75%


- EUR Accumulation Shares and EUR Distributing Shares 0.15%

- EUR Accumulation DR Shares 0.30%


- EUR Accumulation Shares 0.20%

- EUR Accumulation DR Shares 0.30%




European Value Fund









Global Short–Term Investment Grade Fixed Income Fund

- All Classes save for the USD Distributing Investor Shares and USD Accumulation Investor Shares 0.25%

- USD Distributing Investor Shares and USD Accumulation Investor Shares 0.50%





- All Classes save for the USD Accumulation Investor Shares and USD Distributing Investor Shares* 0.40%

- All Classes save for the USD Accumulation Investor Shares and USD Distributing Investor Shares** 0.33%

- USD Accumulation Investor Shares and USD Distributing Investor Shares* 0.65%

- USD Accumulation Investor Shares and USD Distributing Investor Shares** 0.58%





- All Classes save for the USD Accumulation Investor Shares, USD Distributing Investor Shares, T GBP Accumulation and T GBP Distributing Shares 0.15%


- T GBP Accumulation and T GBP Distributing Shares 0.20%

Global Value Fund***

- All Classes save for the USD Accumulation Investor Shares, USD Distributing Investor Shares and EUR P Accumulation Shares 0.40%


- EUR P Accumulation Shares 0.75%




* Effective to 27th February 2016.

** Effective from 28th February 2016.

*** Global Value Fund commenced trading on 11 July 2016.




6. Fees and Expenses (continued)

Fund % of daily Net Asset Value


- All Classes save for the GBP Accumulation DR Shares 0.15%

- GBP Accumulation DR Shares 0.30%


-All Classes 0.20%





- All Classes 0.25%


- All Classes 0.30%


- All Classes 0.35%


- All Classes 0.38%

World Equity Fund



During the financial year ended 30 November 2016 and 30 November

2015, details of amounts waived by the Investment Manager in

relation to management fees and reimbursements to the Funds are

disclosed in the Statement of Comprehensive Income.

Administration and Depositary fees

The Administrator shall be entitled to a fee payable out of the assets

of the Company accruing daily and payable monthly in arrears at an

annual rate not to exceed 0.0225% of the average net asset value of

each active sub-fund of the Company and of Dimensional Funds II plc

(the “Active Sub-Funds”) measured in U.S. Dollars subject to a

minimum annual fee, exclusive of out of pocket expenses and

transaction fees, of up to USD40,000 per Active Sub-Fund. The full

amount of the minimum annual fee applicable to each Active Sub-

Fund may not be applied in certain circumstances as any fees

payable by Active Sub-Funds (at the rate not to exceed 0.0225% per

annum) which exceed USD40,000 per annum (due to the size of such

Active Sub-Funds) will be taken into account in calculating the

minimum annual fee applicable to the other Active Sub-Funds.

The Administrator shall also be entitled to reimbursement of all

reasonable costs, expenses and transaction costs incurred for the

benefit of the fund out of the assets of the fund in respect of which

such costs and expenses were incurred.

The Depositary receives from each Fund a fee calculated at an

annual rate not to exceed 0.0125% of the average net asset value of

the active funds.

The Funds also bear the cost of all sub-custodian charges and

transaction charges incurred by the Depositary, or any sub-custodian,

which shall not exceed normal commercial rates.

The Depositary shall also be entitled to reimbursement of reasonable

expenses incurred by the Depositary, or any sub-custodian, for the

benefit of the Funds out of the assets of the Fund in respect of which

such charges and expenses were incurred.

The registrar and transfer agent is entitled to a fee payable out of the

assets of the Company and Dimensional Funds plc, accruing daily

and payable monthly in arrears, of up to USD700,000 per annum,

allocated to each fund based on average assets under management.

The registrar and transfer agent is also entitled to reimbursement of

all reasonable costs and expenses incurred for the benefit of the

funds out of the assets of the funds in respect of which such charges

and expenses were incurred.

Directors’ fees

The Directors are entitled to a fee in remuneration for their services.

The amount of each Director’s remuneration in any one year in

respect of the Company shall not exceed EUR22,000 (save for the

Chairperson who may receive up to EUR28,000) (30 November 2015:

EUR22,000) The fee will not be increased without the shareholders

being notified.

Aggregate directors’ fees of EUR70,200 (30 November 2015:

EUR67,920) were accrued during the financial year ended

30 November 2016. Directors’ Fees of EUR 35,100 (30 November

2015: EUR35,061) were payable at financial year end. The directors

who were employees of the Investment Manager and Investment

Sub-Advisors during the financial year are not entitled to any such

remuneration.




6. Fees and Expenses (continued) Audit Fees

The remuneration payable to the auditors of the Company for the

financial years ended 30 November 2016 and 30 November 2015

were as follows:

30 November 2016 30 November 2015

EUR EUR

Statutory audit 151,500 155,000

Tax advisory services – –

151,500 155,000

The audit fees shown above are exclusive of VAT.

Transaction costs

Details of transaction costs for the financial years ended 30 November 2016 and 30 November 2015 were as follows:

Fund Currency Purchase

Commissions

Purchases Tax/Fee/

Other Sale

Commissions Sale Tax/Fee/

Other

Fees from Custodial Services

Fees from Fund

Services

Total Transaction

Costs 30 November

2016

Total Transaction

Costs 30 November

2015

Emerging Markets Large Cap Core Equity Fund USD 23,270 12,277 9,951 26,649 23,274 – 95,420 170,142

Emerging Markets Value Fund USD 155,197 185,171 234,446 434,266 336,113 52,618 1,397,810 1,492,143

Euro Inflation Linked Intermediate Duration Fixed Income Fund EUR – – – – 1,844 1,479 3,323 3,922

Euro Inflation Linked Long Duration Fixed Income Fund EUR – – – – 437 82 520 16,501

European Small Companies Fund EUR 9,512 50,244 11,593 365 69,630 24,281 165,625 109,519

European Value Fund EUR 6,083 28,211 3,697 33 19,735 7,030 64,790 94,674

Global Core Equity Fund USD 96,668 145,085 18,823 1,771 172,830 61,867 497,045 430,275

Global Short Fixed Income Fund EUR – – – – 26,281 32,799 59,079 50,331

Global Short-Term Investment Grade Fixed Income Fund USD – – – – 7,809 39,128 46,937 29,539

Global Small Companies Fund USD 33,156 62,547 34,515 2,626 111,865 47,566 292,274 306,027

Global Sustainability Core Equity Fund USD 7,698 15,081 5,398 657 48,785 7,858 85,477 55,235

Global Targeted Value Fund USD 151,986 206,617 55,819 4,481 217,598 72,663 709,163 682,532

Global Ultra Short Fixed Income Fund GBP – – – – 5,405 37,817 43,222 29,890

Global Value Fund* USD 31,859 52,965 691 34 34,250 829 120,628 –

Pacific Basin Small Companies Fund USD 6,134 1,685 8,820 9,778 74,118 17,767 118,302 19,099 Sterling Inflation Linked Intermediate Duration Fixed Income Fund GBP – – – – 1,675 30,642 32,317 25,191

U.S. Core Equity Fund USD 5,758 – 2,879 279 6,200 51 15,167 34,078

U.S. Small Companies Fund USD 9,717 – 9,028 638 6,152 20,149 45,684 56,949

World Allocation 20/80 Fund GBP – – – – 13,345 1,334 14,678 14,060



World Allocation 80/20 Fund GBP – – – – 22,171 2,406 24,577 288

World Equity Fund GBP 79,514 100,978 7,470 4,586 191,406 28,049 412,002 378,926 * Global Value Fund commenced trading on 11 July 2016.




7. Taxation Under current law and practice the Company qualifies as an

investment undertaking as defined in Section 739B of the Taxes

Consolidation Act, 1997, as amended. On that basis, it is not

chargeable to Irish tax on its income or gains. However, Irish tax may

arise on the happening of a "chargeable event". A chargeable event

includes any distribution payments to shareholders, any encashment,

redemption, cancellation or transfer of shares and the holding of

shares at the end of each eight year period beginning with the

acquisition of such shares.

No Irish tax will arise on the Company in respect of chargeable

events in respect of:

a) a shareholder who is neither Irish resident nor ordinarily resident

in Ireland for tax purposes, at the time of the chargeable event,

provided appropriate valid declarations in accordance with the

provisions of the Taxes Consolidation Act, 1997, as amended,

are held by the Company or the Company has been authorised

by the Irish Revenue to make gross payments in the absence of

appropriate declarations; and

b) certain exempted Irish tax resident shareholders who have

provided the Company with the necessary signed statutory

declarations.

Dividends, interest and capital gains (if any) received on investments

made by the Company may be subject to taxes imposed by the

country from which the investment income/gains are received and

such taxes may not be recoverable by the Company or its

shareholders.

Capital gains, dividends and interest received on investments may be

subject to withholding taxes imposed by the country of origin and

such taxes may not be recoverable by the Fund or its shareholders.

The Company may incur capital gains taxes for income earned from

transactions in foreign jurisdictions. For the financial year ended

30 November 2016 the Company incurred capital gains taxes of

EUR400,252 (30 November 2015: EUR372,865).

8. Cash and Cash Equivalents The cash balances as disclosed in the Statement of Financial

Position were held at State Street Custodial Services (Ireland) Limited

as at 30 November 2016 and 30 November 2015. Cash and cash

equivalents comprise cash balances valued at their face value with

interest accrued, where applicable.

In March 2015, the Central Bank introduced Investor Money

Regulations (“IMR”). These regulations, which are effective from 1

July 2016, detail material changes to the current rules in relation to

investor money, and are designed to increase transparency and

enhance investor protection.

In response to these regulations, cash accounts held with a third

party banking entity for collection of subscriptions and payment of

redemptions are now deemed to be assets of the Company.

As at 30 November 2016, USD 170,037,309 was held in a Bank of

America account. This was for a subscription for 19,956,565 shares,

trade date 30 November 2016. In line with the IMR Regulations, this

has been reflected in the Statement of Financial Position as at 30

November 2016. Refer to note 18 for further detail.

Cash collateral received relates to collateral received for securities on

loan and is held by State Street Bank International GmbH, London

Branch as at 30 November 2016 and 30 November 2015.

A U.S. Dollar discretionary line of credit of USD50 million was put in

place for the Company and Dimensional Funds II plc. This line of

credit was renewed effective 2 June 2015, however it was not

renewed in 2016 and expired on 31 May 2016.

9. Share Capital The authorised share capital of the Company is 500,000,030,000

shares of no par value divided into 30,000 Subscriber Shares of no

par value and 500,000,000,000 shares (the “Shares”) of no par value.

The Subscriber Shares entitle the holders to attend and vote at

general meetings of the Company but do not entitle the holders to

participate in the profits or assets of the Company except for a return

of capital on a winding–up. The Subscriber Shares are not included in

the calculation of the NAV per redeemable share.

As at 30 November 2016 and 30 November 2015 Dimensional Fund

Advisors LP, Peter Blessing, David G. Booth, Dermot S.L. Butler,

Arthur Barlow and Catherine L. Newell held one subscriber share

each (fully paid–up) in the Company.

Shares entitle the holders to attend and vote at general meetings of

the Company and to participate equally (subject to any differences

between fees, charges and expenses applicable to different classes

in the profits and assets of the Company on the terms and conditions

set out in the prospectus. The Funds have the ability to issue multiple

classes of redeemable shares. Each redeemable share within a class

represents an identical legal interest in the Funds and has identical

rights.




9. Share Capital (continued)

The following redeemable share transactions occurred during the financial year ended 30 November 2016 and 30 November 2015:

USD Z Institutional Accum. Class

EUR Accum. Class*

EUR Dist. Class*

USD Accum. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 14,988,123 – – – – – – –

Issue of redeemable shares during the financial year 19,953,052 15,000,000 511,203 – 1,855 – 224,335 –

Redemption of redeemable shares during the financial year (22,312) (11,877) – – – – – –

Balance at the end of the financial year 34,918,863 14,988,123 511,203 – 1,855 – 224,335 –

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 35,420,965 33,866,268 3,234,087 5,791,830 13,045,696 15,768,941 6,484,290 7,994,982 31,255,688 32,011,141

Issue of redeemable shares during the financial year 3,276,582 3,769,233 2,000,979 1,964,389 4,318,296 2,830,724 1,329,595 1,065,178 1,875,150 11,780,213

Redemption of redeemable shares during the financial year (5,665,896) (2,214,536) (470,236) (4,522,132) (5,057,467) (5,553,969) (1,379,880) (2,575,870) (8,158,663) (12,535,666)

Balance at the end of the financial year 33,031,651 35,420,965 4,764,830 3,234,087 12,306,525 13,045,696 6,434,005 6,484,290 24,972,175 31,255,688

USD

Dist. Class JPY

Dist. Class SEK

Accum. Class JPY

Accum. Class*



Balance at the start of the financial year 757,510 659,904 1,128,198 190,073 547,990 94,134 – –

Issue of redeemable shares during the financial year 208,811 98,009 924,804 1,112,665 147,838 464,180 54,884 –

Redemption of redeemable shares during the financial year (58,169) (403) (509,973) (174,540) (80,315) (10,324) – –

Balance at the end of the financial year 908,152 757,510 1,543,029 1,128,198 615,513 547,990 54,884 –

* Share classes launched during the year ended 30 November 2016.

EUR

Accum. Class EUR

Accum. DR Class EUR

Dist. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 300,902 164,420 30,774 34,874 192,495 239,969

Issue of redeemable shares during the financial year 208,182 192,625 289 7,292 11,257 198,901

Redemption of redeemable shares during the financial year (32,099) (56,143) (31,063) (11,392) (46,876) (246,375)

Balance at the end of the financial year 476,985 300,902 – 30,774 156,876 192,495

EUR

Accum. Class EUR

Accum. DR Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 100 100 1,356,598 1,255,737

Issue of redeemable shares during the financial year 10,369 – 27,209 215,160

Redemption of redeemable shares during the financial year – – (1,383,807) (114,299)

Balance at the end of the financial year 10,469 100 – 1,356,598





EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class



Balance at the start of the financial year 2,478,498 2,210,580 726,244 2,829,469 688,955 702,399 1,478,501 1,333,673 167,874 176,075

Issue of redeemable shares during the financial year 396,013 562,562 667,979 383,380 281,612 101,757 105,809 311,562 41,067 6,761

Redemption of redeemable shares during the financial year (500,925) (294,644) (153,591) (2,486,605) (152,055) (115,201) (889,379) (166,734) (112,715) (14,962)

Balance at the end of the financial year 2,373,586 2,478,498 1,240,632 726,244 818,512 688,955 694,931 1,478,501 96,226 167,874

USD

Dist. Class

30-Nov-16 30-Nov-15


Balance at the start of the financial year 217,124 386,359

Issue of redeemable shares during the financial year 595 65,304 Redemption of redeemable shares during the financial year (2,774) (234,539)

Balance at the end of the financial year 214,945 217,124

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class


European Value Fund

Balance at the start of the financial year 3,002,915 2,444,829 865,390 3,184,298 232,766 216,188 103,688 27,415 343,157 135,244


Redemption of redeemable shares during the financial year (559,688) (339,885) (151,972) (2,711,165) (22,609) (29,403) (18,461) (10,049) (164,404) (37,408)

Balance at the end of the financial year 3,027,391 3,002,915 1,133,785 865,390 244,867 232,766 170,820 103,688 531,131 343,157

USD

Dist. Class

30-Nov-16 30-Nov-15

European Value Fund


Issue of redeemable shares during the financial year 9,871 88,508 Redemption of redeemable shares during the financial year (21,749) (12,404)


EUR

Accum. Class EUR

Accum. DR Class EUR

Dist. Class GBP

Accum. Class GBP

Accum. DR Class



Balance at the start of the financial year 9,430,845 8,811,662 350,941 335,522 8,554,126 5,945,327 19,142,688 17,371,224 – 238,373

Issue of redeemable shares during the financial year 2,771,971 1,804,803 2,756 51,892 4,186,581 4,264,901 6,085,779 5,517,515 – 17,408

Redemption of redeemable shares during the financial year (2,107,084) (1,185,620) (353,697) (36,473) (726,035) (1,656,102) (3,817,600) (3,746,051) – (255,781)

Balance at the end of the financial year 10,095,732 9,430,845 – 350,941 12,014,672 8,554,126 21,410,867 19,142,688 – –





GBP

Dist. Class USD

Accum. Class USD

Dist. Class JPY

Dist. Class SEK

Accum. Class



Balance at the start of the financial year 15,894,725 13,306,682 2,935,977 3,149,538 2,551,602 2,494,155 4,385,439 944,904 4,329,875 367,275

Issue of redeemable shares during the financial year 7,745,440 4,372,038 1,261,600 1,324,435 849,744 133,753 3,218,659 4,078,246 1,613,947 4,127,941

Redemption of redeemable shares during the financial year (2,920,057) (1,783,995) (561,456) (1,537,996) (338,986) (76,306) (1,326,011) (637,711) (1,936,511) (165,341)


JPY

Accum. Class*

30-Nov-15 30-Nov-15


Balance at the start of the financial year – –

Issue of redeemable shares during the financial year 52,621 –

Redemption of redeemable shares during the financial year – –

Balance at the end of the financial year 52,621 –

CHF

Dist. Class EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class



Balance at the start of the financial year 2,451,112 2,803,863 25,560,652 21,495,553 32,498,027 31,539,536 360,231 161,969 6,418,739 3,631,072

Issue of redeemable shares during the financial year 808,261 507,114 4,565,042 8,494,909 10,882,966 17,298,292 678,854 313,289 2,666,519 6,061,835

Redemption of redeemable shares during the financial year (80,188) (859,865) (3,768,773) (4,429,810) (5,363,168) (16,339,801) (74,576) (115,027) (1,225,868) (3,274,168)

Balance at the end of the financial year 3,179,185 2,451,112 26,356,921 25,560,652 38,017,825 32,498,027 964,509 360,231 7,859,390 6,418,739

NOK

Dist. Class SEK

Dist. Class SEK

Accum. Class USD

Accum. Class USD

Dist. Class



Balance at the start of the financial year 9,824,724 6,156,024 7,247,609 7,831,130 21,786,018 503,500 4,920,031 4,586,170 3,854,136 2,459,939

Issue of redeemable shares during the financial year 1,868,974 4,342,577 759,725 1,926,470 4,271,587 21,321,918 1,783,874 1,621,834 505,332 1,446,246

Redemption of redeemable shares during the financial year (745,168) (673,877) (494,737) (2,509,991) (14,504,718) (39,400) (1,043,227) (1,287,973) (265,236) (52,049)


JPY

Accum. Class JPY

Dist. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 15,866,196 13,120,520 37,057,751 15,351,723

Issue of redeemable shares during the financial year 191,801 2,753,228 87,581,791 28,642,273

Redemption of redeemable shares during the financial year (2,133,408) (7,552) (31,007,538) (6,936,245)

Balance at the end of the financial year 13,924,589 15,866,196 93,632,004 37,057,751






CHF

Dist. Class EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class



Balance at the start of the financial year 753,445 – 7,348,471 3,015,249 3,964,475 2,346,813 5,024,643 2,117,990 10,734,523 2,615,672

Issue of redeemable shares during the financial year 264,636 753,445 2,836,133 4,943,407 3,934,154 3,144,028 5,210,027 3,416,365 6,783,153 8,574,566

Redemption of redeemable shares during the financial year – – (867,051) (610,185) (396,520) (1,526,366) (1,062,404) (509,712) (1,321,901) (455,715)

Balance at the end of the financial year 1,018,081 753,445 9,317,553 7,348,471 7,502,109 3,964,475 9,172,266 5,024,643 16,195,775 10,734,523

USD

Accum. Class USD

Dist. Class SEK

Accum. Class JPY

Dist. Hedge Class*



Balance at the start of the financial year 473,844 436,828 332,940 11,613 6,527,692 – – –

Issue of redeemable shares during the financial year 353,969 84,146 96,329 328,160 5,462,604 6,527,692 1,390,614 –

Redemption of redeemable shares during the financial year (257,182) (47,130) (327,336) (6,833) (3,459,552) – (169,156) –

Balance at the end of the financial year 570,631 473,844 101,933 332,940 8,530,744 6,527,692 1,221,458 –

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class



Balance at the start of the financial year 2,122,111 2,043,034 2,724,303 534,956 11,178,592 10,569,204 5,373,979 4,385,024 931,528 914,384

Issue of redeemable shares during the financial year 173,392 183,270 1,278,747 2,380,562 1,644,274 2,029,782 1,604,702 1,514,806 26,271 27,519

Redemption of redeemable shares during the financial year (61,464) (104,193) (233,950) (191,215) (3,716,987) (1,420,394) (1,532,114) (525,851) (22,834) (10,375)

Balance at the end of the financial year 2,234,039 2,122,111 3,769,100 2,724,303 9,105,879 11,178,592 5,446,567 5,373,979 934,965 931,528

USD

Dist. Class

30-Nov-16 30-Nov-15


Balance at the start of the financial year 1,334,304 –

Issue of redeemable shares during the financial year 258,602 1,334,304

Redemption of redeemable shares during the financial year – –

Balance at the end of the financial year 1,592,906 1,334,304

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class



Balance at the start of the financial year 885,474 852,532 108,330 78,086 2,289,768 1,882,318 862,967 601,740 500,815 511,748


Redemption of redeemable shares during the financial year (105,866) (226,683) (618) (44,148) (381,579) (164,394) (131,383) (76,286) (6,079) (11,933)

Balance at the end of the financial year 1,112,248 885,474 227,711 108,330 2,432,767 2,289,768 1,073,486 862,967 503,095 500,815

USD

Dist. Class

30-Nov-16 30-Nov-15



Issue of redeemable shares during the financial year – 8,908

Redemption of redeemable shares during the financial year (28,162) (3,995)







EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class



Balance at the start of the financial year 6,276,752 5,057,902 8,888,189 4,810,382 18,882,425 16,129,696 17,877,019 15,857,317 18,163,322 19,028,652

Issue of redeemable shares during the financial year 2,018,928 2,368,624 3,753,922 4,843,925 5,019,656 5,623,037 6,554,842 4,416,665 1,686,845 118,223

Redemption of redeemable shares during the financial year (1,507,851) (1,149,774) (554,213) (766,118) (3,352,665) (2,870,308) (3,121,604) (2,396,963) (1,281,591) (983,553)


USD

Dist. Class SEK

Accum. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 88,154 60,770 3,295,715 123,192

Issue of redeemable shares during the financial year 71,505 29,500 1,457,422 3,229,178

Redemption of redeemable shares during the financial year (47,632) (2,116) (85,610) (56,655)

Balance at the end of the financial year 112,027 88,154 4,667,527 3,295,715

GBP

Accum. Class GBP

Dist. Class EUR

Accum. Class EUR

Dist. Class SEK

Accum. Class



Balance at the start of the financial year 3,573,711 2,782,179 25,159,373 15,770,747 2,175,975 1,711,134 1,400,292 907,180 6,108,006 –

Issue of redeemable shares during the financial year 12,286,382 1,542,551 15,121,224 15,773,349 2,050,711 1,889,418 735,670 1,048,255 1,444,797 16,298,006

Redemption of redeemable shares during the financial year (6,152,404) (751,019) (6,852,189) (6,384,723) (1,210,870) (1,424,577) (612,633) (555,143) (6,540,275) (10,190,000)


EUR

Accum. Class* EUR

Accum. P Class* GBP

Accum. Class* GBP

Dist. Class*


Global Value Fund**

Balance at the start of the financial year – – – – – – – –

Issue of redeemable shares during the financial year 17,709 – 10,464,261 – 42,037 – 261,372 –

Redemption of redeemable shares during the financial year (1,705) – (403,933) – – – (576) –

Balance at the end of the financial year 16,004 – 10,060,328 – 42,037 – 260,796 –

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class



Balance at the start of the financial year 292,028 234,563 103,684 – 607,346 586,750 1,216,616 1,047,769 220,462 203,372

Issue of redeemable shares during the financial year 81,782 96,905 45,543 103,933 422,646 101,809 98,582 348,402 29,998 42,731 Redemption of redeemable shares during the financial year (77,967) (39,440) (9,760) (249) (114,616) (81,213) (620,664) (179,555) (127,732) (25,641)

Balance at the end of the financial year 295,843 292,028 139,467 103,684 915,376 607,346 694,534 1,216,616 122,728 220,462

USD

Dist. Class

30-Nov-16 30-Nov-15



Issue of redeemable shares during the financial year 73,325 45,371 Redemption of redeemable shares during the financial year (1,540) (185,085)



* * Global Value Fund commenced trading on 11 July 2016





GBP

Accum. Class GBP

Accum. DR Class GBP

Dist. Class



Balance at the start of the financial year 16,221,043 12,691,471 – 69,263 15,796,989 17,339,972

Issue of redeemable shares during the financial year 5,419,675 5,967,320 – 4,366 6,461,366 5,096,483 Redemption of redeemable shares during the financial year (1,931,305) (2,437,748) – (73,629) (2,608,793) (6,639,466)

Balance at the end of the financial year 19,709,413 16,221,043 – – 19,649,562 15,796,989

EUR

Accum. Class USD

Accum. Class

30-Nov-16 30-Nov-15 30-Nov-16 30-Nov-15


Balance at the start of the financial year 9,138,680 – 100 –

Issue of redeemable shares during the financial year – 9,138,680 573,067 100 Redemption of redeemable shares during the financial year (9,138,680) – – –

Balance at the end of the financial year – 9,138,680 573,167 100

EUR

Accum. Class GBP

Accum. Class GBP

Dist. Class USD

Accum. Class USD

Dist. Class



Balance at the start of the financial year 1,906,092 1,420,551 896,134 924,465 1,083,289 1,426,430 1,075,690 716,978 77,512 734,436

Issue of redeemable shares during the financial year 280,122 686,085 166,608 115,217 112,797 112,194 270,739 600,179 46,091 83,268 Redemption of redeemable shares during the financial year (286,642) (200,544) (177,974) (143,548) (345,362) (455,335) (457,240) (241,467) (12,890) (740,192)

Balance at the end of the financial year 1,899,572 1,906,092 884,768 896,134 850,724 1,083,289 889,189 1,075,690 110,713 77,512

GBP

Accum. Class GBP

Dist. Class EUR

Accum. Class*



Balance at the start of the financial year 11,168 – 5,100 – – –

Issue of redeemable shares during the financial year 881,709 11,168 96,164 5,100 195,537 – Redemption of redeemable shares during the financial year (46,207) – (6,692) – (6,973) –

Balance at the end of the financial year 846,670 11,168 94,572 5,100 188,564 –

GBP

Accum. Class GBP

Dist. Class EUR

Accum. Class*



Balance at the start of the financial year 7,281,757 5,621,485 1,999,281 1,468,238 – –

Issue of redeemable shares during the financial year 5,635,311 2,738,767 1,499,674 820,994 177,489 – Redemption of redeemable shares during the financial year (1,259,258) (1,078,495) (431,757) (289,951) (16,642) –

Balance at the end of the financial year 11,657,810 7,281,757 3,067,198 1,999,281 160,847 –

GBP Accum. Class

GBP Dist. Class

EUR Accum. Class*



Balance at the start of the financial year 14,351,118 9,758,563 4,758,832 3,423,626 – –

Issue of redeemable shares during the financial year 7,592,858 6,118,137 1,982,249 1,828,327 345,001 – Redemption of redeemable shares during the financial year (2,362,639) (1,525,582) (704,222) (493,121) (30,677) –

Balance at the end of the financial year 19,581,337 14,351,118 6,036,859 4,758,832 314,324 –






GBP Accum. Class

GBP Dist. Class

EUR Accum. Class*



Balance at the start of the financial year 17,761 – 27,553 – – –

Issue of redeemable shares during the financial year 2,612,568 17,761 186,432 27,553 111,999 – Redemption of redeemable shares during the financial year (221,347) – (7,345) – (5,484) –

Balance at the end of the financial year 2,408,982 17,761 206,640 27,553 106,515 –

EUR

Accum. Class EUR

Dist. Class GBP

Accum. Class GBP

Dist. Class USD

Dist. Class


World Equity Fund

Balance at the start of the financial year 9,661,662 7,218,267 3,568,919 2,556,352 8,882,206 4,999,983 6,067,565 5,086,432 782,000 –

Issue of redeemable shares during the financial year 2,784,977 9,097,163 1,913,618 1,752,448 6,495,205 5,102,555 7,870,843 2,277,717 383,989 782,000 Redemption of redeemable shares during the financial year (1,011,249) (6,653,768) (377,972) (739,881) (2,581,193) (1,220,332) (896,821) (1,296,584) – –

Balance at the end of the financial year 11,435,390 9,661,662 5,104,565 3,568,919 12,796,218 8,882,206 13,041,587 6,067,565 1,165,989 782,000

SEK

Accum.Class*

30-Nov-16 30-Nov-15

World Equity Fund

Balance at the start of the financial year – –

Issue of redeemable shares during the financial year 4,038,442 – Redemption of redeemable shares during the financial year (51,158) –

Balance at the end of the financial year 3,987,284 –


10. Related Party Transactions The related parties to the Fund are the directors, the Investment Manager, the Investment Sub–Advisors and the shareholders with significant

holdings of at least 20% of the Fund.

As at 30 November 2016 and November 2015, David Salisbury held shares in each of the following Funds:

Fund 30 November 2016 30 November 2015

Emerging Markets Value Fund 1,102 GBP Accumulation Class 1,102 GBP Accumulation Class

European Small Companies Fund 1,125 GBP Accumulation Class 1,125 GBP Accumulation Class

Global Short Fixed Income Fund 85,515 USD Distributing Class 85,515 USD Distributing Class

Global Short–Term Investment Grade Fixed Income Fund 25,274 GBP Distributing Class 25,274 GBP Distributing Class

Global Ultra Short Fixed Income Fund 63,276 GBP Distributing Class 63,276 GBP Distributing Class

Pacific Basin Small Companies Fund 1,089 GBP Accumulation Class 1,089 GBP Accumulation Class

U.S. Small Companies Fund 1,008 GBP Accumulation Class 1,008 GBP Accumulation Class

As 30 November 2016 and 30 November 2015, the Investment Manager, Dimensional Fund Advisors Ltd held shares in each of the following

Funds:


Emerging Markets Value Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class

Emerging Markets Large Cap Core Equity Fund 100 EUR Distributing Class -

Euro Inflation Linked Long Duration Fixed Income Fund 10,469 EUR Accumulation Class 100 EUR Accumulation Class

Global Core Equity Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class

Global Short Fixed Income Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class

Global Short–Term Investment Grade Fixed Income Fund – 100 USD Distributing Class

Global Short–Term Investment Grade Fixed Income Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class




10. Related Party Transactions (continued)


Global Sustainability Core Equity Fund – 100 EUR Distributing Class

Global Sustainability Core Equity Fund 100 USD Accumulation Class 100 USD Accumulation Class

Global Sustainability Core Equity Fund 100 USD Distributing Class 100 USD Distributing Class

Global Targeted Value Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class

Global Ultra Short Fixed Income Fund 95,785 GBP Accumulation Class 481,232 GBP Accumulation Class

Global Ultra Short Fixed Income Fund 1,150 SEK Accumulation Class 1,150 SEK Accumulation Class

U.S. Core Equity Fund 187,084 USD Accumulation Class 100 USD Accumulation Class

World Allocation 20/80 Fund – 100 GBP Accumulation Class

World Allocation 20/80 Fund – 100 GBP Distributing Class

World Allocation 80/20 Fund – 100 GBP Accumulation Class

World Allocation 80/20 Fund – 100 GBP Distributing Class

As at 30 November 2016, Global Sustainability Core Equity Fund, World Allocation 20/80 Fund, World Allocation 40/60 Fund, World Allocation

60/40 Fund and World Allocation 80/20 Fund invested in other Funds of the Company and also other related funds which have appointed the same

Investment Manager, Investment Sub-Advisor or other related party entity to provide investment management services to the Company, as

disclosed in the Portfolio of Investments. The management fees in relation to the underlying funds have been waived by the Investment Manager,

and these waivers are disclosed in the Statement of Comprehensive Income.

The following directors are also directors of entities in which certain Funds have made investments: Arthur Barlow, David G. Booth, Catherine L.

Newell, Eduardo Repetto, John Romiza.

In the opinion of the directors, the Investment Manager and the Investment Sub-Advisors are related parties under FRS 102. Fees earned by these

parties and the amounts due at 30 November 2016 and 30 November 2015 are disclosed in the Statement of Comprehensive Income and

Statement of Financial Position respectively.

Management fees waived and reimbursed during the period are disclosed in the Statement of Comprehensive Income.

The following tables detail the number of shareholders with significant holdings of at least 20 percent of the relevant Fund and the aggregate value

and percentage of that holding as at 30 November 2016 and 30 November 2015. One or more of the shareholders may be omnibus accounts,

which typically hold shares for the benefit of several other underlying investors.

30 November 2016

Fund Number of Significant

Shareholders of the Fund Value of Holding Aggregate Shareholding

as a % Fund NAV

Emerging Markets Large Cap Core Equity Fund 1 USD297,508,713 97.39

Euro Inflation Linked Intermediate Duration Fixed Income Fund 1 EUR3,940,952 50.88

Euro Inflation Linked Long Duration Fixed Income Fund 1 EUR123,925 100.00

European Value Fund 1 EUR14,365,606 23.45

Global Small Companies Fund 1 USD106,321,194 21.96

Global Sustainability Core Equity Fund 1 USD27,186,407 28.54

Global Value Fund 2 USD104,272,341 83.20

Sterling Inflation Linked Intermediate Duration Fixed Income Fund 1 GBP206,289,282 40.64

U.S. Core Equity Fund 2 USD6,206,491 91.63

World Allocation 20/80 Fund 1 GBP2,635,983 22.60







10. Related Party Transactions (continued) 30 November 2015

Fund Number of Significant

Shareholders of the Fund Value of Holding Aggregate Shareholding

as a % Fund NAV

Emerging Markets Large Cap Core Equity Fund 1 USD 115,677,118 100.00%

Euro Inflation Linked Intermediate Duration Fixed Income Fund 1 EUR 2,021,735 31.87%

Euro Inflation Linked Long Duration Fixed Income Fund 1 EUR 15,192,556 100.00%

European Value Fund 1 EUR 13,605,211 23.73%

Global Small Companies Fund 1 USD 95,269,919 20.20%

Global Sustainability Core Equity Fund 1 USD 22,819,257 28.22%

Pacific Basin Small Companies Fund 1 USD 13,623,942 20.16%

Sterling Inflation Linked Intermediate Duration Fixed Income Fund 1 GBP 143,146,610 37.70%

U.S. Core Equity Fund 1 USD 104,131,462 100.00%

World Allocation 20/80 Fund 2 GBP 161,226 98.80%

World Allocation 60/40 Fund 2 GBP 118,417,374 44.97%

World Allocation 80/20 Fund 2 GBP 310,936 67.69%

World Equity Fund 1 GBP 80,019,567 20.28%

Cross Holdings

As at the Statement of Financial Position date a number of funds invested in other funds of the Company. Details of these cross investments are

outlined below. The impact of these cross–investment transactions have been eliminated from the total column of the Statement of Financial

Position, Statement of Comprehensive Income and the Statement of Changes in Net Assets Attributable to Holders of Redeemable Shares.

Global Sustainability Core Equity Fund held the following investments as at 30 November 2016 and related gains and losses on funds within the

Company during the financial year ended 30 November 2016:

Fund Global Small

Companies Fund USD

Issue of shares 2,590,000

Redemption of shares –

Fair value of investment funds 16,550,291 Net realised gain/(loss) in on financial assets at fair value through profit or loss –

Dividend Income 228,773 Movement in Net unrealised gain on financial assets at fair value through profit or loss 950,825

World Allocation 40/60 Fund held the following investments as at 30 November 2016 and related gains and losses on funds within the Company

during the financial year ended 30 November 2016:

Fund European Small

Companies Fund Global Core Equity Fund

Global Short Fixed Income

Fund

Global Short–Term Investment



Global Ultra Short Fixed

Income Fund Pacific Basin Small

Companies Fund GBP GBP GBP GBP GBP GBP GBP

Issue of shares – 17,349,834 14,590,239 11,434,589 4,732,679 17,170,665 –

Redemption of shares (4,024,397) (1,732,146) (550,000) (250,000) (2,408,551) (300,000) (2,353,324)

Fair value of investment funds – 29,115,204 31,418,161 25,106,718 10,546,772 37,883,933 – Net realised gain/(loss) on financial assets at fair value through profit or loss 445,189 457,576 15,221 1,346 735,832 599 179,854

Dividend Income – 466,245 407,457 385,310 124,483 275,743 – Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss (393,232) 4,439,172 (225,380) (158,589) 2,042,166 (187,431) (197,913)




10. Related Party Transactions (continued) Cross Holdings (continued)



Fund World Equity

Fund

GBP


Redemption of shares (831,785)

Fair value of investment funds 37,191,918

Net realised gain/(loss) in on financial assets at fair value through profit or loss 189,162

Dividend Income 530,891

Movement in Net unrealised gain on financial assets at fair value through profit or loss 7,116,904



Fund European Small



Fund







Issue of shares – 32,301,722 7,861,120 20,635,473 21,958,965 13,266,029 –

Redemption of shares (13,312,075) (155,459) (912,598) (2,282,468) (5,701,450) (850,653) (7,224,423)

Fair value of investment funds – 72,811,688 20,579,773 49,292,427 43,846,107 33,023,586 – Net realised gain/(loss) on financial assets at fair value through profit or loss 1,452,312 39,196 1,120 21,393 1,764,749 1,703 296,675

Dividend Income – 1,203,794 272,378 772,704 512,821 244,739 – Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss (1,145,918) 13,414,024 (112,491) (276,820) 9,369,607 (159,469) (427,220)



Fund World Equity

Fund

GBP


Redemption of shares (37,812)

Fair value of investment funds 72,980,485

Net realised gain/(loss) in on financial assets at fair value through profit or loss 8,120

Dividend Income 1,056,724

Movement in Net unrealised gain on financial assets at fair value through profit or loss 15,162,481



Fund Global Core Equity Fund

Global Short–Term Investment Grade

Fixed Income Fund Global Targeted

Value Fund World Equity

Fund GBP GBP GBP GBP

Issue of shares 5,484,098 3,425,426 5,074,162 5,210,039

Redemption of shares (363,317) (130,802) (585,830) (158,536)

Fair value of investment funds 5,862,366 3,291,596 5,530,021 5,877,938 Net realised gain/(loss) on financial assets at fair value through profit or loss 67,350 2,088 150,776 29,877

Dividend Income 84,591 41,023 54,447 73,790 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 592,205 (50,622) 817,475 714,968






during the period ended 30 November 2016:


Global Short Fixed income

Fund


Fixed Income Fund World Equity


Issue of shares 198,466 2,132,482 1,887,730 1,830,619

Redemption of shares (3,904) (77,671) (70,698) (88,812)

Fair value of investment funds 224,175 2,046,242 1,815,129 2,032,247 Net realised gain/(loss) on financial assets at fair value through profit or loss 337 1,326 903 12,230

Dividend Income 3,347 22,988 24,030 26,452 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 26,259 (37,319) (27,399) 251,360

Global Sustainability Core Equity Fund held the following investments as at 30 November 2015 and related gains and losses on funds within the

Company during the financial year ended 30 November 2015:

Fund European Small

Companies Fund Global Small

Companies Fund Pacific Basin Small

Companies Fund U.S. Small

Companies Fund USD USD USD USD

Issue of shares 350,000 13,309,711 350,000 600,000

Redemption of shares (3,985,476) – (2,228,488) (8,755,405)

Fair value of investment funds – 13,009,466 – – Net realised gain/(loss) in on financial assets at fair value through profit or loss 313,129 – 15,086 700,845

Dividend Income – 42,791 – – Movement in Net unrealised gain on financial assets at fair value through profit or loss 61,164 (300,246) 67,670 (471,267)



Fund European Small



Fund



Value Fund




Issue of shares 1,100,000 2,095,000 12,685,000 14,435,000 800,000 5,590,000 640,000

Redemption of shares (110,000) – (250,000) (250,000) (190,000) (350,000) –

Fair value of investment funds 3,972,440 8,600,768 17,588,082 14,079,372 5,444,646 21,200,100 2,371,383 Net realised gain/(loss) on financial assets at fair value through profit or loss 28,407 – 8,604 944 69,196 1,450 –

Dividend Income 73,470 133,228 202,733 210,842 66,040 120,544 38,637 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 291,148 145,691 (480) (106,572) 25,889 (30,686) 142,976



Fund

Sterling Inflation Linked Intermediate

Duration Fixed Income Fund

World Equity Fund

GBP GBP

Issue of shares 1,080,000 4,250,000

Redemption of shares (16,743,816) –

Fair value of investment funds – 4,246,094

Net realised gain/(loss) in on financial assets at fair value through profit or loss 358,402 –

Dividend Income – 50,341

Movement in Net unrealised gain on financial assets at fair value through profit or loss (564,371) (3,906)







Fund European Small



Fund







Issue of shares 3,460,000 7,961,024 38,525,000 32,470,000 3,550,000 21,490,000 4,100,000

Redemption of shares – (1,024) (24,900,000) (1,000,000) – (7,740,569) (390,000)

Fair value of investment funds 13,005,681 27,212,205 13,742,622 31,194,850 16,454,237 20,765,976 7,354,968 Net realised gain/(loss) on financial assets at fair value through profit or loss – 149 203,342 4,327 – 3,619 43,346

Dividend Income 247,995 430,267 327,649 437,367 200,673 72,919 113,170 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 1,033,624 229,493 (85,720) (279,476) 190,560 (80,325) 427,408



Fund

Sterling Inflation Linked Intermediate


World Equity Fund

GBP GBP

Issue of shares 3,090,000 7,700,000

Redemption of shares (34,369,112) –

Fair value of investment funds – 7,741,548

Net realised gain/(loss) in on financial assets at fair value through profit or loss 826,192 –

Dividend Income – 91,782

Movement in Net unrealised gain on financial assets at fair value through profit or loss (1,144,608) 41,548






Value Fund World Equity


Issue of shares 80,937 45,844 72,629 81,056

Redemption of shares – – – –

Fair value of investment funds 81,746 45,507 73,723 81,590 Net realised gain/(loss) on financial assets at fair value through profit or loss – – – –

Dividend Income 973 424 666 967 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 809 (337) 1,094 534




Global Short Fixed income

Fund


Fixed Income Fund World Equity


Issue of shares 2,973 27,495 24,392 26,980

Redemption of shares – – – –

Fair value of investment funds 3,017 27,424 24,263 27,182 Net realised gain/(loss) on financial assets at fair value through profit or loss – – – –

Dividend Income 27 100 150 221 Movement in Net unrealised gain/(loss) on financial assets at fair value through profit or loss 44 (71) (126) 202

There have been no other related party transactions for the year under review.




11. Risk Management The objective of FRS 102 is to provide information about the

Company’s exposure to material risk and to disclose the Company’s

policies to manage these risks.

The management of financial instruments is fundamental to the

Company’s business. The directors have appointed Dimensional

Fund Advisors Ltd. as Investment Manager to each Fund. The

Company has been established for the purpose of investing in

transferable securities in accordance with the UCITS Regulations.

The Investment Manager has responsibility for investing and

managing the assets of the funds according to their investment

objectives, investments guidelines approved by the Board and

policies set forth in the prospectus and in accordance with the UCITS

Regulations. The investment objective for each Fund is outlined in the

Principal Activities and Review of the Business section of the

Directors' Report in these financial statements.

The Equity Funds invest mainly in equity and equity related

instruments. The Fixed Income Funds invest mainly in debt

instruments. The Investment Manager has appointed Dimensional

Fund Advisors LP, DFA Australia Limited, Dimensional Fund Advisors

Pte Ltd and Dimensional Japan Ltd as Investment Sub-Advisors to

the Funds.

a) Market Risk

The investments of a Fund are subject to normal capital market

fluctuations and to the risks inherent in investment in international

securities markets, there can be no assurances that capital

appreciation or preservation will occur.

The Company is exposed to market risk, credit risk and liquidity

risk. Market risk includes market price risk, currency risk, interest

risk and other price risk.

Investment decisions for all funds are made by the Investment

Committee of the Investment Manager. The Investment

Committee meets on a regular basis and also as needed to

consider investment issues. The Investment Committee is

composed of certain officers and directors of the Investment

Manager and its parent. The Investment Committee maintains

and monitors a list of eligible brokers and dealers to effect

securities transactions.

The Investment Manager is responsible for determining those

securities which are eligible for purchase and sale by those

Funds and may delegate this task to the Investment Sub-

Advisors.

The overall market positions are monitored on a quarterly basis

by the board of directors.

Global exposure

In accordance with the UCITS Regulations issued by the Central

Bank of Ireland (“the Central Bank”), the Investment Manager is

required to employ a risk management process to monitor the

exposure to the funds from derivatives. The Central Bank

requires exposure to be measured in one of two ways, either

using the Commitment Approach or Value at Risk (“VaR”).

During the financial year,the Commitment Approach was used for

all Funds. The Commitment Approach is a methodology that

aggregates the underlying market or notional values of

derivatives to determine the exposure of the fund to derivatives.

In accordance with the UCITS Regulations, exposure to

derivatives for funds which use the Commitment Approach must

not exceed 100% of the funds’ NAV.

i) Market Price Risk

Market price risk is the risk that the fair value of future cash

flows of financial instruments will fluctuate because of

changes in market prices.

The maximum price risk resulting from the ownership of

financial instruments is determined by the fair value of

financial instruments. The Investment Manager may consider

the asset allocation of the portfolios in order to diversify the

risk associated with individual countries, industry sectors or

securities while continuing to follow each fund’s investment

objective. Market price risk is managed by the Investment

Manager through a careful selection of securities within

specified limits and investment mandates. The Investment

Committee of the Investment Manager reviews the

appropriateness and accuracy of the methods used in fair

valuing securities on a monthly basis.

The exposure to market price risk is illustrated within the

Portfolios of Investments.

Each Fund’s market price risk is monitored, but not managed,

relative to an index. The following tables set out a

comparative index for each Fund and quantifies the estimated

impact to the value of the Net Asset Value for each Fund

based on positive and negative movements in the

comparable index using Beta for the Equity Funds and

duration for the Fixed Income Funds.

Beta is a measure of the Fund’s securities volatility in relation

to the market or index. Duration is a measure of the Fund's

securities volatility in relation to movement in interest rates,

expressed in years. Please refer to the table in note 11 (a) (iii)

on page 402 for details of the Fixed Income Funds' weighted

average years to maturity.




11. Risk Management (continued) a) Market Risk (continued)

i) Market Price Risk (continued)

As at 30 November 2016 Impact on Net Asset Value due to movement in Prices

Fund Index Currency Beta Positive 5% Negative 5%

Emerging Markets Large Cap Value Fund MSCI Emerging Markets Index (net dividends) USD 0.99 4.95% (4.95)%

Emerging Markets Value Fund MSCI Emerging Markets Value Index (net dividends) USD 1.09 5.47% (5.47)%

European Small Companies Fund MSCI Europe Small Cap Index (net dividends) EUR 0.92 4.58% (4.58)%

European Value Fund MSCI Europe Large Cap Value Index (net dividends) EUR 1.07 5.34% (5.34)%

Global Core Equity Fund MSCI World Index (net dividends) USD 1.05 5.25% (5.25)%

Global Small Companies Fund MSCI World Small Cap Index (net dividends) USD 0.98 4.90% (4.90)%

Global Sustainability Core Equity Fund MSCI World Index (net dividends) USD 0.99 4.93% (4.93)%

Global Targeted Value Fund MSCI World SMID Value Index (net dividends) USD 1.07 5.36% (5.36)%

Global Value Fund* MSCI World Value Index (EUR, net dividends) USD 1.35 6.75% (6.75)%

Pacific Basin Small Companies Fund MSCI Pacific Small Cap Index (net dividends) USD 0.97 4.84% (4.84)%

U.S. Core Equity Fund Russell 3000 Index USD 1.09 5.44% (5.44)%

U.S. Small Companies Fund Russell 2000 Index USD 1.01 5.06% (5.06)%

World Allocation 20/80 Fund 20% MSCI ACWI 80% Citi WGBI 1 to 5 Year GBP 0.98 4.89% (4.89)%

World Allocation 40/60 Fund 40% MSCI ACWI 60% Citi WGBI 1-5 Years (GBP, net dividends) GBP 1.07 5.36% (5.36)%

World Allocation 60/40 Fund 60% MSCI ACWI 40% Citi WGBI 1-5 Years (GBP, net dividends) GBP 1.03 5.17% (5.17)%

World Allocation 80/20 Fund 80% MSCI ACWI 20% Citi WGBI 1 to 5 Year GBP 0.90 4.49% (4.49)%

World Equity Fund MSCI All Country World Index (GBP, net dividends) GBP 1.01 5.04% (5.04)%

*Global Value Fund commenced trading on 11 July 2016

As at 30 November 2016 Impact on Net Asset Value

due to movement in Interest Rates

Fund Index Currency Positive 1% Negative 1%

Euro Inflation Linked Intermediate Duration Fixed Income Fund Barclays Capital France Government EMU HICP Linked 5-15 Year Bond Index/Barclays Capital German Government Inflation Linked 5-15 Year Index

EUR (9.97)% 9.99%

Euro Inflation Linked Long Duration Fixed Income Fund Barclays France Government EMU HICP Linked 15+ Year Bond Index EUR (15.14)% 15.16%

Global Short Fixed Income Fund Citigroup WGBI Currency Hedged 1 to 5 Year EUR EUR (3.31)% 3.31%

Global Short-Term Investment Grade Fixed Income Fund Barclays Global Credit 1 to 5 Year Index Hedged to USD GBP (2.81)% 2.81%

Global Ultra Short Fixed Income Fund GBP One Month Libor EUR (0.84)% 0.84%

Sterling Inflation Linked Intermediate Duration Fixed Income Fund Barclays UK Government Inflation-Linked Bond Index 5 to 15 Years GBP (9.92)% 9.94%

As at 30 November 2015 Impact on Net Asset Value due to movement in Prices

Fund Index Currency Beta Positive 5% Negative 5%

Emerging Markets Large Cap Value Fund MSCI Emerging Markets Index (net dividends) USD 0.94 4.72% (4.72)%

Emerging Markets Value Fund MSCI Emerging Markets Value Index (net dividends) USD 1.10 5.49% (5.49)%

European Small Companies Fund MSCI Europe Small Cap Index (net dividends) EUR 0.92 4.60% (4.60)%

European Value Fund MSCI Europe Large Cap Value Index (net dividends) EUR 1.07 5.34% (5.34)%

Global Core Equity Fund MSCI World Index (net dividends) USD 1.05 5.26% (5.26)%

Global Small Companies Fund MSCI World Small Cap Index (net dividends) USD 0.99 4.95% (4.95)%

Global Sustainability Core Equity Fund MSCI World Index (net dividends) USD 0.96 4.79% (4.79)%

Global Targeted Value Fund MSCI World SMID Value Index (net dividends) USD 1.07 5.35% (5.35)%

Pacific Basin Small Companies Fund MSCI Pacific Small Cap Index (net dividends) USD 0.97 4.86% (4.86)%

U.S. Core Equity Fund Russell 3000 Index USD 0.88 4.39% (4.39)%

U.S. Small Companies Fund Russell 2000 Index USD 1.02 5.09% (5.09)%

World Allocation 20/80 Fund* 20% MSCI ACWI 80% Citi WGBI 1 to 5 Year GBP – – –

World Allocation 40/60 Fund IMFC World Allocation 40/60 Fund Benchmark British Pound± GBP 1.09 5.46% (5.46)%

World Allocation 60/40 Fund IMFB World Allocation 60/40 Fund Benchmark British Pound∞ GBP 1.05 5.24% (5.24)%

World Allocation 80/20 Fund* 80% MSCI ACWI 20% Citi WGBI 1 to 5 Year GBP – – –

World Equity Fund MSCI All Country World Index (GBP, net dividends) GBP 1.03 5.13% (5.13)%





i) Market Price Risk (continued)

As at 30 November 2015 Impact on Net Asset Value

due to movement in Interest Rates

Fund Index Currency Positive 1% Negative 1%

Euro Inflation Linked Intermediate Duration Fixed Income Fund Barclays Capital France Government EMU HICP Linked 5-15 Year Bond Index/Barclays Capital German Government Inflation Linked 5-15 Year Index

EUR (9.78)% 9.78%

Euro Inflation Linked Long Duration Fixed Income Fund Barclays France Government EMU HICP Linked 15+ Year Bond Index EUR (15.12)% 15.16%

Global Short Fixed Income Fund Citigroup WGBI Currency Hedged 1 to 5 Year EUR EUR (3.64)% 3.64%

Global Short-Term Investment Grade Fixed Income Fund Barclays Global Credit 1 to 5 Year Index Hedged to USD GBP (2.88)% 2.88%

Global Ultra Short Fixed Income Fund GBP One Month Libor EUR (0.91)% 0.91%

Sterling Inflation Linked Intermediate Duration Fixed Income Fund Barclays UK Government Inflation-Linked Bond Index 5 to 15 Years GBP (9.79)% 9.57%

* These Funds launched during the financial year and there was insufficient data to calculate Beta and % impact on Net Asset Value due to movement in Prices. ∞ January 1999 - Present: IMFC World Allocation 60/40 Fund Benchmark (GBP): 45% MSCI All Country World Index (GBP, Net Div) and 55% Citigroup World Government Bond Index 1-5 Years (hedged to GBP). ± January 1999 - Present: IMFC World Allocation 40/60 Fund Benchmark (GBP) 40% MSCI All Country World Index (GBP, Net Div) and 60% Citigroup World Government Bond Index 1-5Years (hedged to GBP).

Sensitivity analysis as presented in these financial statements

is subject to limitations for example:

the sensitivities are based on historical data and

cannot take account of the fact that future market price

movements and future performance, correlations

between markets and levels of market liquidity in

conditions of market stress may bear no relation to

historical patterns;

the market price risk information is a relative estimate

of risk rather than a precise and accurate number;

the market price information represents a hypothetical

outcome and is not intended to be predictive; and

future market conditions could vary significantly from

those experienced.

ii) Foreign Currency Risk

Since securities may be denominated in a foreign currency

and may require settlement in foreign currencies and pay

interest and/or a dividend in foreign currencies, changes in the

relationship of these foreign currencies to the functional

currency in respect of the funds can significantly affect the

value of the investments and earnings of the Funds. Monetary

assets and liabilities denominated in foreign currencies are

translated to the functional currency of each fund at the foreign

currency closing exchange rate ruling at the Statement of

Financial Position date. Foreign currency exchange

differences arising on translation and realised gains and

losses on disposals or settlements of monetary assets and

liabilities are recognised in the Statement of Comprehensive

Income. Non-monetary assets and liabilities denominated in

foreign currencies that are measured at fair value are

translated to the functional currency of each fund at the foreign

currency exchange rates ruling at the dates that the values

were determined.

Foreign investments may also subject the funds to foreign

government exchange restrictions, expropriation, taxation, or

other political, social or economic developments, all of which

could affect the market and/or credit risk of the investments.

A fund may ‘cross-hedge’ on foreign currency exposure by

selling a related foreign currency into the functional currency of

the Fund. The Investment Manager does not actively manage

the currency exposure of the equity funds.

Euro Inflation Linked Intermediate Duration Fixed Income

Fund, Euro Inflation Linked Long Duration Fixed Income Fund,

Sterling Inflation Linked Intermediate Duration Fixed Income

Fund, World Allocation 20/80 Fund and World Allocation

80/20 Fund have only base currency denominated

investments and as such are not exposed to the significant

fluctuations in currency exchange rates. Global Short Fixed

Income Fund, Global Short-Term Investment Grade Fixed

Income Fund, Global Small Companies Fund, Global

Sustainability Core Equity Fund, Global Ultra Short Fixed

Income Fund and World Equity Fund held forward contracts as

at 30 November 2016 as disclosed in the Portfolio of

Investments and have no significant residual foreign currency

exposure.

All assets and liabilities held by the Funds are monetary

assets and liabilities except for investments in equity type

instruments which are defined as non-monetary assets under

FRS 102.





ii) Foreign Currency Risk (continued)

The Funds’ currency exposure, for monetary and non-monetary assets and liabilities, as at 30 November 2016 and 30 November 2015

was as follows:



Value Fund


Income Fund


Income Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR

Brazilian Real 9,307,925 6,269,232 101,322,127 64,195,244 – – – –

British Pound – – (2,207,476) (2,604,264) – – – –

Chilean Peso 606,063 675,594 16,739,444 19,712,263 – – – –

Chinese Renminbi 732 – 4,700 7,960 – – – –

Colombian Peso 645,336 538,860 8,679,120 6,245,468 – – – –

Czech Koruna 214,385 193,671 3,498,756 3,981,260 – – – –

Euro 23,332 – 447,304 1,601,265 7,746,182 6,344,311 123,925 15,192,556

Hong Kong Dollar 32,069,787 28,567,130 230,661,344 201,781,508 – – – –

Hungarian Forint 628,519 345,294 6,463,182 6,685,561 – – – –

Indian Rupee – – 189,435,759 199,389,846 – – – –

Indonesian Rupiah 4,051,366 3,012,708 47,135,037 36,856,212 – – – –

Japanese Yen – – (154,696) (70,688) – – – –

Malaysian Ringgit 4,217,944 4,466,134 49,648,346 64,145,283 – – – –

Mexican Peso 4,238,329 4,619,192 63,702,562 86,491,242 – – – –

Philippine Peso 2,108,391 2,046,958 21,481,300 22,560,482 – – – –

Polish Zloty 1,560,735 1,686,405 22,153,810 27,415,747 – – – –

South African Rand 7,582,621 7,197,791 111,941,293 111,117,271 – – – –

South Korean Won 21,614,900 19,425,755 203,689,801 206,406,430 – – – –

Swedish Krona – – 1,065 19,998 – – – –

Taiwan Dollar 18,888,932 16,615,769 246,498,662 227,293,883 – – – –

Thai Baht 3,525,559 2,613,517 46,078,397 48,850,600 – – – –

Turkish Lira 1,572,926 1,950,982 19,493,860 26,760,490 – – – –

United States Dollar 192,611,333 15,452,126 190,757,270 154,559,508 – – – –

Total 305,469,115 115,677,118 1,577,470,967 1,513,402,569 7,746,182 6,344,311 123,925 15,192,556

European Small




30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR

Australian Dollar – – – – 48,930,474 38,255,017 – –

British Pound 45,189,988 59,941,686 19,603,895 16,387,546 104,239,767 103,636,759 108,139,632 97,143,141

Canadian Dollar 84 85 – – 61,849,464 44,931,940 7 8

Danish Krone 4,316,491 5,616,244 1,978,487 2,301,958 10,310,216 9,973,646 – –

Euro 72,513,651 76,787,929 27,388,157 27,335,593 170,573,802 157,732,010 711,914,653 672,644,993

Hong Kong Dollar – – – – 21,549,794 16,950,486 – –

Israeli Shekel 1,098 1,090 – – 3,881,746 3,962,360 – –

Japanese Yen – – – – 166,865,722 137,146,583 881,950,737 409,329,449

New Zealand Dollar – – – – 2,875,083 2,127,009 10 9

Norwegian Krone 3,123,649 2,495,871 884,973 677,007 5,265,628 4,081,502 15,374,165 13,538,476

Singapore Dollar – – – – 8,915,965 7,714,592 740,433 353,855

Swedish Krona 8,381,836 9,240,841 2,658,013 2,371,140 17,944,111 17,044,433 20,939,966 32,573,876

Swiss Franc 13,414,869 14,146,756 8,709,775 8,344,642 44,271,827 43,307,866 31,102,564 24,041,442

United States Dollar (54,772) 281,390 31,826 (92,930) 1,043,978,543 781,868,742 130,326,342 97,111,599

Total 146,886,894 168,511,892 61,255,126 57,324,956 1,711,452,142 1,368,732,945 1,900,488,509 1,346,736,848










30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD

Australian Dollar – – 13,845,495 13,249,222 1,715,678 1,623,328 55,179,234 41,695,169

British Pound 325,062,640 238,672,758 32,706,131 39,782,780 4,458,443 4,865,967 119,786,630 125,244,637

Canadian Dollar (26,079) 12,775 18,333,582 14,018,515 2,326,701 2,566,107 74,878,704 43,731,703

Danish Krone – – 3,265,580 3,456,183 673,935 526,436 14,257,536 9,341,264

Euro 179,989,639 120,131,131 50,915,252 53,391,304 9,795,944 9,131,622 188,880,071 170,289,752

Hong Kong Dollar – – 7,240,137 7,196,031 610,612 492,461 24,889,447 18,948,177

Israeli Shekel – – 1,704,128 1,736,438 90,164 160,423 5,982,420 5,483,035

Japanese Yen 10,488,472 – 49,219,105 50,297,253 7,669,181 7,355,736 201,955,725 161,537,076

New Zealand Dollar 5,882 (1,441) 3,105,588 3,008,102 71,398 62,059 4,655,135 4,640,356

Norwegian Krone – – 2,189,365 1,569,955 196,865 201,765 9,094,972 5,671,189

Singapore Dollar 79,651 6,294 4,381,956 4,119,749 277,146 199,764 7,964,276 7,217,480

Swedish Krona 9,729,499 7,526,824 5,952,669 6,783,843 1,149,135 893,271 19,340,001 18,975,652

Swiss Franc 9,872,459 7,294,300 9,436,627 9,491,597 2,526,113 2,316,012 36,837,670 30,747,681

United States Dollar 3,473,102 9,070,030 281,928,902 263,426,455 63,702,024 50,475,492 1,112,773,412 877,581,913

Total 538,675,265 382,712,671 484,224,517 471,527,427 95,263,339 80,870,443 1,876,475,233 1,521,105,084


Global Value Fund*



30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP

Australian Dollar –

– 3,578,060 – 10,475,461 10,173,899 – –

British Pound 434,052,984 289,554,726 8,627,075 – (331,888) (443,343) 507,616,436 379,702,291

Canadian Dollar 37 31 4,617,310 – – 1 – –

Danish Krone – – 878,197 – – – – –

Euro 38,248,423 25,028,787 13,324,781 – (13,664) 40,580 1,028 –

Hong Kong Dollar – – 1,308,459 – 5,799,249 5,802,041 – –

Israeli Shekel – – 279,378 – – – – –

Japanese Yen – – 11,820,369 – 36,273,638 39,580,552 – –

New Zealand Dollar – – 82,789 – 1,759,222 1,973,421 – –

Norwegian Krone – – 377,437 – – – – –

Singapore Dollar (56,930) – 466,507 – 2,411,186 2,053,319 – –

South African Rand – – – – – – – –

South Korean Won – – – – 3,480,532 4,349,919 – –

Swedish Krona 831,336 4,672,249 1,140,635 – – – – –

Swiss Franc – – 3,463,544 – – – – –

Taiwan Dollar – – – – 4,818,362 4,066,788 – –

United States Dollar 310,356 (624,296) 75,361,231 – 198,717 (9,396) – –

Total 473,386,206 318,631,497 125,325,772 – 64,870,815 67,587,781 507,617,464 379,702,291

U.S. Core Equity




40/60 Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

British Pound – – 2,003 145,536 10,346,768 163,183 210,416,814 110,412,055

Canadian Dollar 7 – – 198 – – – –

Euro 233 104,118,365 1,991 18,866 1,314,798 – 868,533 2,590

United States Dollar 6,773,455 13,097 168,428,751 162,761,372 – – 19 8,436,972

Total 6,773,695 104,131,462 168,432,745 162,925,972 11,661,566 163,183 211,285,366 118,851,617







World Allocation



Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Australian Dollar – – – – 18,740,503 10,168,166

Brazilian Real – – – – 7,194,529 2,798,973

British Pound 413,717,313 236,998,572 33,328,922 459,343 44,410,538 30,913,129

Canadian Dollar – – – – 23,948,949 11,695,809

Chilean Peso – – – – 776,153 370,397

Chinese Renminbi – – – – 622 –

Colombian Peso – – – – 355,404 119,982

Czech Koruna – – – – 100,516 43,240

Danish Krone – – – – 4,446,865 2,696,856

Euro 1,176,693 1,677 201,874 – 68,624,316 43,110,336

Hong Kong Dollar – – – – 29,263,638 16,065,015

Hungarian Forint – – – – 215,944 92,680

Indian Rupee – – – – 8,699,171 4,008,329

Indonesia Rupiah – – – – 2,030,028 957,636

Israeli Shekel – – – – 1,421,958 954,515

Japanese Yen – – – – 69,032,717 36,971,301

Malaysian Ringgit – – – – 2,509,356 1,433,405

Mexican Peso – – – – 3,131,061 1,872,886

New Zealand Dollar – – – – 1,490,556 861,275

Norwegian Krone – – – – 2,458,148 1,307,216

Philippine Peso – – – – 1,042,436 552,840

Polish Zloty – – – – 1,278,658 580,798

Singapore Dollar – – – – 3,747,175 2,347,142

South African Rand – – – – 6,354,798 3,079,657

South Korean Won – – – – 14,907,121 8,035,078

Swedish Krona – – – – 7,561,628 4,857,366

Swiss Franc – – – – 16,642,594 10,685,219

Taiwan Dollar – – – – 13,364,820 6,678,772

Thai Baht – – – – 2,204,035 1,052,474

Turkish Lira – – – – 957,825 689,974

United States Dollar 72 26,329,012 4,663 – 408,273,247 189,554,574

Total 414,894,078 263,329,261 33,535,459 459,343 765,185,309 394,555,040






The following table sets out a sensitivity analysis in relation to foreign currency risk and its effect on the Net Asset Value of each Fund where foreign

currency risk is deemed significant (greater than 10% of Net Asset Value for the Funds exposed to emerging and developing countries and 5% for

all other Funds). Sensitivity analysis is calculated based on +/-10% for the Funds exposed to emerging and developing countries and based on at

+/-5% on all other investments and cash. Other net assets/(liabilities) are not significant and are assumed unchanged. All other market parameters

have also been assumed unchanged.

Impact on Net Asset Value due

to movement in foreign exchange


Fund Currency Positive 10% Negative 10% Positive 10% Negative 10%

Emerging Markets Large Cap Core Equity Fund Hong Kong Dollar 1.05% (1.05)% 2.47% (2.46)%

South Korean Won 0.71% (0.71)% 1.68% (1.68)%

Taiwan Dollar 0.62% (1.39)% 1.44% (1.44)%

Emerging Markets Value Fund Hong Kong Dollar 1.46% (1.46)% 1.33% (1.33)%

Indian Rupee 1.20% (1.20)% 1.32% (1.32)%

South Korean Won 1.29% (1.29)% 1.36% (1.36)%

Taiwan Dollar 1.56% (1.56)% 1.50% (1.50)%





European Small Companies Fund British Pound 1.54% (1.54)% 1.78% (1.78)%

Swedish Krona 0.29% (0.29)% 0.27% (0.27)%

Swiss Franc 0.46% (0.46)% 0.42% (0.42)%

European Value Fund British Pound 1.60% (1.60)% 1.43% (1.43)%

Swiss Franc 0.71% (0.71)% 0.73% (0.73)%

Global Core Equity Fund British Pound 0.30% (0.30)% 0.38% (0.38)%

Euro 0.50% (0.50)% 0.58% (0.58)%

Japanese Yen 0.49% (0.49)% 0.50% (0.50)%

Global Short Fixed Income Fund British Pound 0.28% (0.28)% 0.36% (0.36)%

Japanese Yen 2.32% (2.32)% 1.52% (1.52)%

United States Dollar 0.34% (0.34)% 0.36% (0.36)%

Global Short-Term Investment Grade Fixed Income Fund British Pound 3.02% (3.02)% 3.12% (3.12)%

Euro 1.67% (1.67)% 1.57% (1.57)%

Global Small Companies Fund British Pound 0.34% (0.34)% 0.42% (0.42)%

Euro 0.53% (0.53)% 0.57% (0.57)%

Japanese Yen 0.51% (0.51)% 0.53% (0.53)%

Global Sustainability Core Equity Fund British Pound – – 0.30% (0.30)%

Euro 0.51% (0.51)% 0.56% (0.56)%

Japanese Yen 0.40% (0.40)% 0.45% (0.45)%

Global Targeted Value Fund British Pound 0.32% (0.32)% 0.41% (0.41)%

Euro 0.50% (0.50)% 0.56% (0.56)%

Japanese Yen 0.54% (0.54)% 0.53% (0.53)%










Global Ultra Short Fixed Income Fund Euro 0.40% (0.40)%

0.39% (0.39)%

Global Value Fund* British Pound 0.34% (0.34)% – –

Euro 0.53% (0.53)% – –

Japanese Yen 0.47% (0.47)% – –

Pacific Basin Small Companies Fund Australian Dollar 0.81% (0.81)% – –

Hong Kong Dollar 0.45% (0.45)% – –

Japanese Yen 2.80% (2.80)% – –

South Korean Won 0.27% (0.27)% – –

Taiwan Dollar 0.37% (0.37)% – –

U.S. Core Equity Fund Euro – – 5.00% (5.00)%

World Allocation 20/80 Fund Euro 0.56% (0.56)% – –

World Allocation 40/60 Fund United States Dollar – – – –

World Allocation 60/40 Fund United States Dollar – – 0.50% (0.50)%

World Equity Fund Euro 0.45% (0.45)% 0.55% (0.55)%

Japanese Yen 0.45% (0.45)% 0.47% (0.47)%

United States Dollar 2.67% (2.67)% 2.40% (2.40)% Sensitivity analysis set out above, should not be used as an indication of future performance.


iii) Interest Rate Risk

The majority of the Company’s financial assets and financial

liabilities are non-interest bearing, as a result the Company is

not subject to a significant amount of risk due to the

fluctuations in the prevailing levels of market interest rates,

except for the Fixed Income funds which invest in mainly debt

securities. Any excess cash and cash equivalents are

invested in short-term market interest rates earning a rate

under Libor or invested in money market funds.

The fixed-income investments in which a fund may invest are

interest rate sensitive and may be subject to price volatility

due to such factors including, but not limited to, changes in

interest rates, market perception of the creditworthiness of

the issuer and general market liquidity.

The magnitude of these fluctuations will be greater when the

maturity of the outstanding investments is longer. An increase

in interest rates will generally reduce the value of fixed-

income securities, while a decline in interest rates will

generally increase the value of fixed-income securities.

The interest rate risk in the Fixed Income funds is managed

by (a) limiting the maturity of any individual security to 2 years

for Global Ultra Short Fixed Income Fund, 5 years for Global

Short Fixed Income Fund and 20 years for Euro Inflation

Linked Intermediate Duration Fixed Income Fund and Sterling

Inflation Linked Intermediate Duration Fixed Income Fund

and (b) not using leverage.

The estimated impact to the value of the Net Asset Value due

to movement in interest rates has been disclosed in the

market price risk tables on pages 397 and 398.

The weighted average yield to maturity and weighted average years to maturity on fixed income securities held by the Fixed Income Funds as at

30 November 2016 and 30 November 2015 is outlined below:


Currency Weighted Average

Yield* Weighted Average

Years to Maturity Weighted Average


Years to Maturity


Euro (0.56)% 10.22 (0.56)% 10.70


Euro (0.31)% 16.06 (0.25)% 17.23


Euro 0.01% 3.72 1.58% 3.83

* Yield is based on real yield which includes adjustments for inflation and not the nominal yield.





iii) Interest Rate Risk (continued)


Currency Weighted Average


Years to Maturity Weighted Average


Years to Maturity


Euro 2.34% 3.09 2.16% 3.07


British Pound 0.13% 1.03 0.86% 1.10


British Pound* (1.63)% 10.36 (0.71)% 10.76

* Yield is based on real yield which includes adjustments for inflation and not the nominal yield.

b) Credit Risk

Credit risk is the risk that a counterparty to or issuer of a financial

instrument will fail to discharge an obligation or commitment that

it has entered into with the funds. The funds are exposed to credit

risk on parties with whom it trades and will also bear the risk of

settlement default.

All transactions in exchange traded securities are settled/paid for

upon delivery using approved brokers. The risk of default is

considered minimal, as delivery of securities sold is only made

once the broker has received payment. Payment is made on a

purchase once the securities have been received by the broker in

all developed countries. The trade will fail if either party fails to

meet their obligation. In certain emerging markets countries, the

fund settles with the settlement house one day prior to the

counterparty settlement. However the transaction will still fail if

the counterparty does not settle the transaction.

As of 30 November 2016, each of the Fixed Income Funds have

specific exposure to credit risk on the issuer of debt securities in

which it invests which will vary depending on the issuer’s ability to

make principal and interest payments on the obligation. The

average credit quality of the Fixed Income Funds are outlined in

the table below. Each of the Fixed Income Funds can purchase

securities which must have a minimum long term rating as per the

Funds investment objective. If the long-term rating is not

available, securities must have a minimum short-term rating as

per the investment objectives. The credit ratings are monitored

daily by the Investment Manager through a ratings update feed

and a news check.

The credit quality breakdown of the Fixed Income Funds is as follows:

Fund Rating 30 November 2016 30 November 2015

Euro Inflation Linked Intermediate Duration Fixed Income Fund AAA 12.18% 11.09%

AA 87.82% 88.91%

Euro Inflation Linked Long Duration Fixed Income Fund AAA 16.82% 11.24%

AA 83.18% 88.76%

Global Short Fixed Income Fund* AAA 22.27% 18.46%

AA 63.54% 74.94%

A 14.19% 6.60%

Global Short-Term Investment Grade Fixed Income Fund* AAA 14.99% 10.45%

AA 12.76% 11.04%

A 38.96% 43.22%

BBB 32.87% 35.29%

BB 0.42% –

Global Ultra Short Fixed Income Fund* AAA 30.99% 30.00%

AA 55.95% 58.71%

A 13.06% 11.29%

Sterling Inflation Linked Intermediate Duration Fixed Income Fund AA 100% 100.00%

World Allocation 20/80 Fund AA 100% 100.00%

* Global Short Fixed Income Fund, Global Short-Term Investment Grade Fixed Income Fund and Global Ultra Short Fixed Income Fund are also exposed to counterparty default on the open forward contracts in which they trade.




11. Risk Management (continued) b) Credit Risk (continued)

Transactions involving derivative financial instruments are with

counterparties with whom the Company has master netting

agreements which provide for the net settlement for contracts

with the same counterparty in the event of default. The credit risk

associated with derivative financial assets subject to a master

netting arrangement is eliminated only to the extent that financial

liabilities due to the same counterparty will be settled after the

assets are realised. All forward exchange currency contracts are

traded with counterparties. Detail of credit risk associated with

security lending is disclosed in note 4 of these financial

statements.

The Investment Manager's approved list of counterparties is

generally limited to the most highly rated and recognised dealers

in their sectors. The Investment Manager performs ongoing

monitoring of this list. Counterparty/issuer risk is monitored on an

ongoing basis in the following manner:

Approved broker selection - the trading system only permits

trading with approved brokers. New brokers are added,

subject to a formal review process that includes a review of

the broker’s creditworthiness, financial strength, ability to

enter into legally enforceable arrangements and standing in

the financial community.

Broker monitoring - performed through a variety of ongoing

activities, including the assessment of certain regulatory

filings and financial statements.

Measurement and monitoring of counterparty or issuer

trade exposure - a daily review of outstanding positions is

performed.

The risk exposure of a fund to a counterparty to an Over the

Counter (“OTC”) derivative may not exceed 10% of net assets.

The Company's Depositary is State Street Custodial Services

(Ireland) Limited (“the Depositary”). The Depositary has

appointed State Street Bank and Trust Company (“the Sub-

Custodian”) as its global Sub-Custodian.

All of the Company’s assets are held by the Depositary and the

Sub-Custodian. The Company’s non-cash assets are maintained

by the Depositary in segregated accounts so that in the event of

the Depositary’s insolvency or bankruptcy the Company’s non-

cash assets are segregated and protected and this further

reduces counterparty risk. While cash held by the Depositary or

any depositary will be identifiable as belonging to the Fund, the

Company will be exposed to the credit risk of the Depositary or

any depositary where cash is deposited. In the event of the

insolvency of the Depositary or any depositary, the Company will

be treated as a general creditor of the Depositary or other

depositary in relation to cash holdings of the Company.

Bankruptcy or insolvency of the Depositary may cause the Funds’

rights with respect to the cash held by the Depositary to be

delayed or limited. The long term credit rating of the parent

company of the Depositary and Sub-Custodian, State Street

Corporation, as at 30 November 2016 is A1 (30 November 2015:

A2). If the credit quality or financial position of the Depositary

deteriorated significantly the Investment Manager would consider

moving the custodian relationship to another bank. As at 30

November 2016 and 30 November 2015 the total amount of

financial assets exposed to credit risk approximates to their

carrying value in the Statement of Financial Position.

The Company has granted a continuing security interest by way

of a charge over the assets of each sub-fund to the Depositary

and its affiliates, pursuant to the Depositary Agreement dated 27

July 2016 between the Company, the Depositary and State Street

Bank and Trust Company, as continuing security for payment,

discharge and performance of the obligations of the relevant sub-

fund.

For efficient portfolio management purposes, each fund may

enter into securities lending agreements subject to the conditions

and limits set out in the UCITS Regulations.

Until the expiry of the security lending transactions, collateral

obtained such contracts or transactions:

(i) must be marked to market daily;

(ii) must equal or exceed, in value at all times, the value of

the amount invested or securities loaned as disclosed in

note 4;

(iii) must be transferred to the trustee or its agent; and

(iv) immediately be available to the relevant Fund without

recourse to the counterparty in the event of default of that

counterparty.

The Funds participate in security lending which is executed

through State Street Bank International GmbH Limited, London

Branch as the securities lending agent. As such the Funds are

exposed to an underlying exposure to the credit risk and risk that

the borrower may default. The Funds benefit from a borrower

default indemnity provided by State Street Bank and Trust

Company. A list of eligible borrowers is maintained by State

Street Bank International GmbH Limited, London Branch.

Minimum credit rating of an eligible borrower is AA by Standard &

Poors or its equivalent or if loan is indemnified no minimum

rating. If the credit rating falls below the minimum credit rating

State Street Bank International GmbH Limited, London Branch

can terminate the securities lending arrangement.

Collateral is held and monitored by State Street Bank

International GmbH, London Branch with the Depositary

undertaking an overview of this on a periodic basis.




11. Risk Management (continued) (c) Liquidity Risk

Numerous emerging market countries have recently experienced

serious and potentially continuing, economic and political

problems. Stock markets in many emerging countries are

relatively small and risky. Investors are often limited in their

investment and divestment activities.

Additional restrictions may be imposed under emergency

conditions. Emerging Market securities may decline or fluctuate

because of economic and political actions of emerging market

governments and less regulated or liquid securities markets.

Investors holding the securities are also exposed to the possibility

that an Emerging Market currency will fluctuate against the base

currency of the relevant fund.

The legislative framework in emerging market countries for the

purchase and sale of investments and in relation to the beneficial

interests in those investments may be relatively new and

untested. There can be no assurance regarding how the courts or

agencies of emerging market countries will react to questions

arising from the funds’ investments in such countries and

arrangements contemplated in relation thereto.

The Company is exposed to daily cash redemptions of

redeemable shares. It therefore invests the majority of its assets

in investments that are traded in an active market and can be

readily disposed of; it invests only a limited proportion of its

assets in investments not actively traded on a stock exchange.

The Company’s listed securities are considered readily realisable

as they are listed on recognised and established stock

exchanges. The Administrator monitors subscription and

redemption volumes and notifies the Investment Manager of

significant movements and unusual trends as appropriate.

If outstanding redemption requests from shareholders of any fund

for any dealing day exceed in the aggregate more than 10% of all

the outstanding shares of that fund, the directors shall be entitled

at their discretion to refuse to redeem such excess shares. If the

directors refuse to redeem shares for these reasons, the requests

for redemption on such date shall be reduced rateably and the

Company shall treat the balance of such redemption requests as

if they were received on each subsequent dealing day until all the

shares to which the original request related have been redeemed.

The Company does not engage in leverage activities. A U.S.

Dollar discretionary line of credit of USD50 million was put in

place for the Company and Dimensional Funds II plc. This line of

credit was renewed effective 2 June 2015, however it was not

renewed in 2016 and expired on 31 May 2016.

d) Fair Value Estimation

The fair value of the financial instruments traded in active markets

such as publicly traded derivatives and trading securities is based

on quoted market prices at the Statement of Financial Position

date. The quoted market price at the valuation point used for

bonds traded on a regulated market held by the Company can be

last traded price or quoted mid price depending on the bond type.

Securities other than bonds which are traded on a regulated

market will be issued at the last traded prices at the relevant

valuation point. When a “readily available market quotation” for a

security is not available, the Company employs “fair value”

methodologies to price securities. As a general principle, fair

value is the price that the Fund might reasonably expect to

receive upon a current sale. The fair valuation process requires

the Investment Manager or the Investment Manager’s Sub–

Advisors to make a determination in good faith as to the value of

a particular security or group of securities depending on the

particular facts and circumstances involved. Circumstances in

which a market quotation is not readily available may include,

trading suspensions prior to the close of the relevant market;

events that unexpectedly close entire markets such as natural

disasters, power blackouts, or similar major events; market

holidays; or volume of trading in a security.

When determining the fair value of a security, the Investment

Manager or the Investment Manager’s Sub–Advisors may

consider all relevant methods, including but not limited to any one

or all of the following pricing methods:

1. A multiple of earnings;

2. A discount from market of a similar freely traded security;

3. A discounted cash–flow analysis;

4. The book value or a multiple thereof;

5. A risk premium/yield analysis;

6. Yield to maturity; or

7. Fundamental investment analysis.

Investments measured and reported at fair value are classified

and disclosed in one of the following fair value hierarchy levels

based on the significance of the inputs used in measuring its fair

value. These levels are the updated fair value hierarchy levels per

amended FRS 102 which is effective for the periods commencing

on or after 1 January 2017 and the Company is early adopting.

Level 1 inputs are unadjusted quoted prices in active markets for

identical assets or liabilities that the reporting entity has the ability

to access at the valuation date. An active market for the asset or

liability is a market in which transactions for the asset or liability

occur with sufficient frequency and volume to provide pricing

information on an ongoing basis.

Level 2 inputs are inputs other than quoted prices in active

markets included within level 1 that are observable for the asset

or liability, either directly or indirectly. Fair value is determined

through the use of models or other valuation methodologies.




11. Risk Management (continued) d) Fair Value Estimation (continued)

Level 2 inputs include the following:

a) Quoted prices for similar assets or liabilities in active markets;

b) Quoted prices for identical or similar assets or liabilities in

markets that are not active, that is, markets in which there are few

transactions for the asset or liability, the prices are not current, or

price quotations vary substantially either over time or among

market makers, or in which little information is released publicly;

c) Inputs other than quoted prices that are observable for the

asset or liability (e.g. interest rate and yield curves observable at

commonly quoted intervals, volatilities, prepayment speeds, loss

severities, credit risks and default rates); and

d) Inputs that are derived principally from or corroborated by

observable market data by correlation or other means.

Level 3 inputs are unobservable inputs for the asset or liability.

Unobservable inputs reflect the Company’s own assumptions

about how market participants would be expected to value the

asset or liability. Unobservable inputs are developed based on

the best information available in the circumstances, other than

market data obtained from sources independent of the Company

and might include the Company’s own data.

An investment is always categorised as level 1, 2 or 3 in its

entirety. In certain cases, the fair value measurement for an

investment may use a number of different inputs that fall into

different levels of the fair value hierarchy. In such cases, an

investment’s level within the fair value hierarchy is based on the

lowest level of input that is significant to the fair value

measurement. The assessment of the significance of a particular

input to the fair value measurement requires judgment and is

specific to the investment.

The inputs or methodology used for valuing securities are not

necessarily an indication of the risk associated with investing in

these securities.

The following tables analyse under the fair value hierarchy the Funds’ financial assets and financial liabilities measured at fair value at

30 November 2016 and 30 November 2015. All amounts represent the valuation of securities as presented in the Portfolio of Investments.



Value Fund


Income Fund Euro Inflation Linked Long


30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR

Level 1

Equity Instruments 149,536,243 115,256,041 1,572,790,633 1,511,097,847 – – – –

149,536,243 115,256,041 1,572,790,633 1,511,097,847 – – – –

Level 2

Investment Funds – – – – – – – –

Equity Instruments 12,567 – 1,450,005 3,685,278 – – – –

Bonds and Notes – – – 141,222 7,551,208 6,250,381 119,615 15,097,907

Derivative assets held for trading 4,807 – – – – – – –

Derivative liabilities held for trading (2,403) – – – – – – –

14,971 – 1,450,005 3,826,500 7,551,208 6,250,381 119,615 15,097,907

Total 149,551,214 115,256,041 1,574,240,638 1,514,924,347 7,551,208 6,250,381 119,615 15,097,907


European Value Fund



30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR

Level 1

Equity Instruments 145,733,151 164,850,773 61,515,240 57,408,499 1,708,845,387 1,370,033,356 – –

145,733,151 164,850,773 61,515,240 57,408,499 1,708,845,387 1,370,033,356 – –

Level 2


Equity Instruments 1,182 273,266 – – 59,704 102,439 – –

Bonds and Notes – – – – – 10,755 1,908,819,015 1,335,886,383

Derivative assets held for trading – – – – – – 15,031,567 22,659,413

Derivative liabilities held for trading – – – – – – (148,907,149) (34,011,729)

1,182 273,266 – – 59,704 113,194 1,774,943,433 1,324,534,067

Total 145,734,333 165,124,039 61,515,240 57,408,499 1,708,905,091 1,370,146,550 1,774,943,433 1,324,534,067






Fixed Income Fund Global Small



Value Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD

Level 1

Equity Instruments – – 483,171,678 471,025,561 77,997,207 67,639,945 1,866,612,274 1,518,583,500

– – 483,171,678 471,025,561 77,997,207 67,639,945 1,866,612,274 1,518,583,500

Level 2

Investment Funds – – – – 16,550,291 13,009,466 – –

Equity Instruments – – 19,633 178,939 – – 45,830 864,634

Bonds and Notes 533,868,961 376,725,757 – 8,273 – – – 90,544

Derivative assets held for trading 6,567,672 2,095,183 – 154 – 61 – –

Derivative liabilities held for trading (15,011,346) (3,363,756) – – – – (293) –

525,425,287 375,457,184 19,633 187,366 16,550,291 13,009,527 45,537 955,178

Total 525,425,287 375,457,184 483,191,311 471,212,927 94,547,498 80,649,472 1,866,657,811 1,519,538,678


Global Value Fund


Sterling Inflation Linked Intermediate Duration Fixed

Income Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP

Level 1

Equity Instruments – – 124,453,216 – 64,784,402 67,678,442 – –

– – 124,453,216 – 64,784,402 67,678,442 – –

Level 2


Equity Instruments – – – – 17,311 22,092 – –

Bonds and Notes 467,131,261 318,306,539 – – – – 503,322,004 378,022,851

Derivative assets held for trading 2,979,129 42,887 – – – – – –

Derivative liabilities held for trading (23,319,558) (4,523,897) (76) – – – – –

446,790,832 313,825,529 (76) – 17,311 22,092 503,322,004 378,022,851

Total 446,790,832 313,825,529 124,453,140 – 64,801,713 67,700,534 503,322,004 378,022,851

U.S. Core Equity




40/60 Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Level 1

Equity Instruments 6,710,917 105,172,247 167,979,748 161,811,775 – – – –

6,710,917 105,172,247 167,979,748 161,811,775 – – – –

Level 2

Investment Funds – – – – 8,191,077 109,288 209,396,647 118,593,057

Equity Instruments 444 – 591 25,536 – – – –

Bonds and Notes – – – 1508 3,113,107 42,129 – –

Derivative liabilities held for trading – – – – – – – –

Derivative liabilities held for trading – (1,459,746) – – (10,602) – (6,952) –

444 (1,459,746) 591 27,044 11,293,582 151,417 209,389,695 118,593,057

Total 6,711,361 103,712,501 167,980,339 161,838,819 11,293,582 151,417 209,389,695 118,593,057





World Allocation



Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Level 1

Equity Instruments – – – – 763,210,728 393,367,339

– – – – 763,210,728 393,367,339

Level 2

Investment Funds 411,203,827 262,014,953 32,939,435 457,219 – –

Equity Instruments – – – – 120,517 145,086

Bonds and Notes – – – – – –

Derivative liabilities held for trading 401 – – – –

Derivative liabilities held for trading (10,333) – (1,678) – (2,267) (322)

411,193,895 262,014,953 32,937,757 457,219 118,250 144,764

411,193,895 262,014,953 32,937,757 457,219 763,328,978 393,512,103

There were no level 3 securities held during the financial years ended 30 November 2015 and 30 November 2016.

There were no transfers between levels during the financial years ended 30 November 2015 and 30 November 2016.

12. Foreign Exchange Rates The following exchange rates were used to convert the investments and

other assets and liabilities denominated in currencies other than the

respective Fund’s base currency at 30 November 2016 and 30

November 2015:

Exchange Rates against Euro 30 November 2016 30 November 2015

Canadian Dollar 1.4237 1.4110

Danish Krone 7.4405 7.4604

Israeli Shekel 4.0606 4.0905

Japanese Yen 121.2521 130.0613

New Zealand Dollar 1.4965 1.6051

Norwegian Krone 9.0232 9.1820

Pound Sterling 0.8471 0.7015

Singapore Dollar 1.5191 1.4903

Swedish Krona 9.7748 9.2150

Swiss Franc 1.0775 1.0870

US Dollar 1.0598 1.0565

Exchange Rates against Pound Sterling 30 November 2016 30 November 2015

Australian Dollar 1.6944 2.0825

Brazilian Real 4.2316 5.8271


Chilean Peso 845.8047 1,070.3092

Colombian Peso 3,847.0008 4,736.0788

Czech Koruna 31.9355 38.5395


Euro 1.1805 1.4255

Hong Kong Dollar 9.7049 11.6775

Hungarian Forint 369.3215 443.1557

Indian Rupee 85.6433 100.3890

Exchange Rates against Pound Sterling (continued) 30 November 2016 30 November 2015

Indonesian Rupiah 16,956.8824 20,836.8789


Japanese Yen 143.1435 185.4008

Malaysian Ringgit 5.5879 6.4220

Mexican Nuevo Peso 25.7447 24.9685



Philippine Peso 62.2222 70.9975

Polish Zloty 5.2587 6.0862


South African Rand 17.6138 21.7722

South Korean Won 1,462.7149 1,744.1379



Taiwan Dollar 39.8795 49.1621

Thai Baht 44.6422 53.9786

Turkish Lira 4.2987 4.3876

US Dollar 1.2512 1.5061

Exchange Rates against US Dollar 30 November 2016 30 November 2015

Australian Dollar 1.3542 1.3827

Brazilian Real 3.3821 3.8690


Chilean Peso 675.9950 710.6500

Chinese Yuan Renminbi 6.8870 6.3981

Colombian Peso 3,074.6500 3,144.6000

Czech Koruna 25.5239 25.5890


Euro 0.9435 0.9465

Hong Kong Dollar 7.7565 7.7535




12. Foreign Exchange Rates (continued)

Exchange Rates against US Dollar (continued) 30 November 2016 30 November 2015

Hungarian Forint 295.1739 294.2408

Indian Rupee 68.4490 66.6550

Indonesian Rupiah 13,552.5000 13,835.0000


Japanese Yen 114.4050 123.1000

Malaysian Ringgit 4.4660 4.2640

Mexican Nuevo Peso 20.5760 16.5783



Philippine Peso 49.7300 47.1400

Polish Zloty 4.2029 4.0411

Pound Sterling 0.7992 0.6640


South African Rand 14.0775 14.4560

South Korean Won 1,169.0500 1,158.0500



Taiwan Dollar 31.8730 32.6420

Thai Baht 35.6795 35.8400

Turkish Lira 3.4357 2.9133

At 30 November 2016 an exchange rate of 1.1026 (30 November

2015:1.1237) was used to translate the Statement of Comprehensive

Income of Emerging Markets Large Cap Core Equity Fund, Emerging

Markets Value Fund, Global Core Equity Fund, Global Short-Term

Investment Grade Fixed Income Fund, Global Small Companies

Fund, Global Sustainability Core Equity Fund, Global Targeted Value

Fund, Global Value Fund, Pacific Basin Small Companies Fund, U.S.

Core Equity Fund and U.S. Small Companies Fund from USD to

EUR.

At 30 November 2016 an exchange rate of 0.8049 (30 November

2015:0.7323) was used to translate the Statement of Comprehensive

Income of Global Ultra Short Fixed Income Fund, Sterling Inflation

Linked Intermediate Duration Fixed Income Fund, World Allocation

20/80 Fund, World Allocation 40/60 Fund, World Allocation 60/40

Fund, World Allocation 80/20 Fund and World Equity Fund from GBP

to EUR.

13. Derivative Financial Instruments A fund may employ investment techniques and instruments for

efficient portfolio management of its assets including for hedging

against market movements, currency exchange or interest rate risks,

under the conditions and within the limits stipulated by the Central

Bank under the Regulations. A Fund may use such investment

techniques and instruments only where their use is, in the opinion of

the Investment Manager, consistent with the investment policies of

that fund. In particular, a fund may lend its securities, enter

repurchase and reverse repurchase agreements, call options, spot

and forward contracts and financial futures. The total exposure of a

fund including but not limited to its exposure from the use of any

derivative instruments, may not exceed the total net assets of the

Fund.

As at 30 November 2016, Global Short Fixed Income Fund, Global

Short-Term Investment Grade Fixed Income Fund, Global Ultra Short

Fixed Income Fund, Global Value Fund, World Allocation 40/60 Fund,

World Allocation 60/40 Fund, World Allocation 80/20 Fund, World

Allocation 20/80 Fund and Global Targeted Value Fund had

investments in forward currency contracts which were utilised for

efficient portfolio management purposes (30 November 2015: Global

Short Fixed Income Fund, Global Short-Term Investment Grade

Fixed Income Fund, Global Small Companies Fund, Global

Sustainability Core Equity Fund, Global Ultra Short Fixed Income

Fund, US Core Equity Fund and World Equity Fund had investments

in forward currency contracts which were utilised for efficient portfolio

management purposes). Details of the exposure obtained and

counterparties to these forward currency contracts are disclosed in

the Portfolio of Investments.

The income arising from these contracts cannot practically be split

from the total return of the instrument. The realised and unrealised

gains and losses on forward currency contracts are disclosed within

net gain/(loss) on financial assets at fair value through profit or loss in

the Statement of Comprehensive Income.

As at 30 November 2016, a number of funds have also entered into

securities lending agreements for the purposes of efficient portfolio

management. Please refer to note 4 for further details.

14. Distributions The directors may declare dividends in respect of any shares out of

net income (including dividend and interest income) and the excess of

realised and unrealised capital gains over realised and unrealised

losses in respect of investments of the Company.

The directors anticipate that there will be no dividend distributions in

respect of the accumulation classes of the funds. Accordingly, income

and capital gains arising in respect of the accumulation classes of the

funds will be re–invested in the relevant fund and reflected in the net

asset value per share of the relevant fund.

The directors anticipate making dividend distributions in respect of the

distributing classes of the funds. Accordingly, any income arising in

respect of the distributing classes of the funds will be distributed to

investors in the relevant fund in accordance with their respective

shareholdings.

Dividends of the GBP distributing class will normally be declared by

the directors for the periods ending 31 May and 30 November.

Dividends of the JPY distributing classes, if any are declared by the

directors, will normally be paid for the periods ending 28 February, 31

May, 31 August and 30 November. Dividends of the other distributing

classes will normally be declared by the directors for the period

ending 31 May.

The directors do not expect to declare a dividend in respect of any

class where it would be uneconomical to pay such dividend to

shareholders.




14. Distributions (continued) Distributions for the financial year ended 30 November 2016 and 30 November 2015 were as follows:

Emerging Markets

Value Fund European Small


Value Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

EUR 30 Nov 2015

EUR

Gross distribution for the financial year 3,921,102 3,893,117 936,557 1,261,851 707,145 559,307

Add: Income deducted on cancellation of shares 364,825 708,730 118,785 279,991 46,002 230,787

Deduct: Income received on issue of shares (489,504) (504,481) (182,064) (186,935) (125,608) (123,659)

Net distribution for the financial year 3,796,423 4,097,366 873,278 1,354,907 627,539 666,435



Global Short–Term Investment Grade Fixed Income Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

EUR 30 Nov 2015

EUR 30 Nov 2016

USD 30 Nov 2015

USD

Gross distribution for the financial year 14,170,844 9,772,233 18,711,409 12,076,554 5,032,916 3,055,026

Add: Income deducted on cancellation of shares 916,479 634,971 2,958,390 1,575,755 232,425 119,586

Deduct: Income received on issue of shares (2,568,223) (1,780,781) (6,743,109) (3,027,524) (1,240,087) (1,017,058)

Net distribution for the financial year 12,519,100 8,626,423 14,926,690 10,624,785 4,025,254 2,157,554

Global Small



Value Fund

30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD

Gross distribution for the financial year 2,871,019 2,074,377 372,394 229,395 9,710,510 7,489,165

Add: Income deducted on cancellation of shares 369,560 89,362 20,198 7,388 714,586 455,316

Deduct: Income received on issue of shares (471,463) (328,488) (67,732) (39,830) (1,308,120) (1,145,821)

Net distribution for the financial year 2,769,116 1,835,251 324,860 196,953 9,116,976 6,798,660

Global Ultra Short

Fixed Income Fund Global Value


30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

USD 30 Nov 2015

USD

Gross distribution for the financial year 2,592,043 1,337,647 15,129 – 473,668 612,204

Add: Income deducted on cancellation of shares 205,357 208,446 15 – 37,987 58,980

Deduct: Income received on issue of shares (636,940) (550,430) (8,533) – (36,418) (96,965)

Net distribution for the financial year 2,160,460 995,663 6,611 – 475,237 574,219

Sterling Inflation Linked Intermediate Duration Fixed

Income Fund U.S. Small Companies


20/80 Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

USD 30 Nov 2015

USD 30 Nov 2016

GBP 30 Nov 2015

GBP

Gross distribution for the financial year 3,105,613 2,865,574 239,441 299,403 10,323 249

Add: Income deducted on cancellation of shares 195,790 413,344 47,112 100,808 348 –

Deduct: Income received on issue of shares (577,695) (420,515) (16,115) (21,723) (2,546) –

Net distribution for the financial year 2,723,708 2,858,403 270,438 378,488 8,125 249

World Allocation



80/20 Fund

30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP 30 Nov 2016

GBP 30 Nov 2015

GBP

Gross distribution for the financial year 595,378 328,048 1,369,476 949,723 35,687 1,702

Add: Income deducted on cancellation of shares 23,894 18,762 53,730 47,189 573 –

Deduct: Income received on issue of shares (110,527) (48,414) (154,948) (162,897) (12,993) 132

Net distribution for the financial year 508,745 298,396 1,268,258 834,015 23,267 1,834

*Global Value Fund commenced trading on 11 July 2016.




14. Distributions (continued)

World Equity

Fund

30 Nov 2016

GBP 30 Nov 2015

GBP

Gross distribution for the financial year 4,683,406 2,129,867

Add: Income deducted on cancellation of shares 147,127 257,002

Deduct: Income received on issue of shares (768,669) (535,576)

Net distribution for the financial year 4,061,864 1,851,293

15. Comparative Net Asset Values Emerging Markets Large Cap Core Equity Fund (commenced trading in 2015) 30 November 2016 30 November 2015 30 November 2014

Net Asset Value USD305,469,115 USD115,677,118 –

Outstanding shares

EUR Accumulation Class 511,203 – –

EUR Distributing Class 1,855 – –

USD Accumulation 220,822 – –

USD Z Institutional Accumulation Class 14,965,811 14,988,123 –

Net Asset Value per share

EUR Accumulation Class EUR10.19 – –

EUR Distributing Class EUR9.97 – –

USD Accumulation USD10.62 – –

USD Z Institutional Accumulation Class USD8.52 USD7.72 –

Emerging Markets Value Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value USD1,577,470,967 USD1,513,402,569 USD2,019,018,072

Outstanding shares

EUR Accumulation Class 33,031,651 35,420,965 33,866,268

EUR Distributing Class 4,764,830 3,234,087 5,791,830

GBP Accumulation Class 12,306,525 13,045,696 15,768,941

GBP Distributing Class 6,434,005 6,484,290 7,994,982

JPY Accumulation Class 54,884

JPY Distributing Class 1,543,029 1,128,198 190,073

SEK Accumulation Class 615,513 547,990 94,134

USD Accumulation Class 24,972,175 31,255,688 32,011,141

USD Distributing Class 908,152 757,510 659,904


EUR Accumulation Class EUR19.03 EUR16.68 EUR17.85

EUR Distributing Class EUR8.95 EUR8.00 EUR8.78

GBP Accumulation Class GBP19.69 GBP14.29 GBP17.35

GBP Distributing Class GBP16.38 GBP12.13 GBP15.07

JPY Accumulation Class JPY1111.80

JPY Distributing Class JPY905.05 JPY867.94 JPY1,084.16

SEK Accumulation Class SEK11.23 SEK9.28 SEK9.79

USD Accumulation Class USD16.42 USD14.35 USD18.09

USD Distributing Class USD8.21 USD7.32 USD9.45

Euro Inflation Linked Intermediate Duration Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value EUR7,746,182 EUR6,344,311 EUR5,063,051

Outstanding shares

EUR Accumulation Class 476,985 300,902 164,420

EUR Accumulation DR Class – 30,774 34,874

EUR Distributing Class 156,876 192,495 239,969



EUR Accumulation DR Class – EUR10.93 EUR10.54





15. Comparative Net Asset Values (continued) Euro Inflation Linked Long Duration Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value EUR123,925 EUR15,192,556 EUR13,262,012

Outstanding shares

EUR Accumulation Class 10,469 100 100

EUR Accumulation DR Class – 1,356,598 1,255,737




European Small Companies Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares


EUR Distributing Class 1,240,632 726,244 2,829,469

GBP Accumulation Class 818,512 688,955 702,399

GBP Distributing Class 694,931 1,478,501 1,333,673

USD Accumulation Class 96,226 167,874 176,075









European Value Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares


EUR Distributing Class 1,133,785 865,390 3,184,298


GBP Distributing Class 170,820 103,688 27,415













15. Comparative Net Asset Values (continued) Global Core Equity Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares


EUR Accumulation DR Class – 350,941 335,522





USD Distributing Class 3,062,360 2,551,602 2,494,155

JPY Accumulation Class 52,621 – –

JPY Distributing Class 6,278,087 4,385,439 944,904

SEK Accumulation Class 4,007,311 4,329,875 367,275









JPY Accumulation Class JPY1143.01 – –

JPY Distributing Class JPY1104.23 JPY1,155.78 JPY1,146.25


Global Short Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value EUR1,900,488,509 EUR1,346,736,848 EUR961,160,269

Outstanding shares

CHF Distributing Class 3,179,185 2,451,112 2,803,863





JPY Accumulation Class 13,924,589 15,866,196 13,120,520

NOK Distributing Class 10,948,530 9,824,724 6,156,024


SEK Distributing Class 7,512,597 7,247,609 7,831,130


USD Distributing Class 4,094,232 3,854,136 2,459,939

JPY Distributing Class 93,632,004 37,057,751 15,351,723


CHF Distributing Class CHF10.53 CHF10.68 CHF10.82





JPY Accumulation Class JPY1042.27 JPY1,037.12 JPY1,027.74

NOK Distributing Class NOK12.70 NOK12.62 NOK12.53


SEK Distributing Class SEK10.84 SEK10.96 SEK11.02



JPY Distributing Class JPY987.01 JPY998.23 JPY1,006.18




15. Comparative Net Asset Values (continued)

Global Short–Term Investment Grade Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value USD538,675,265 USD382,712,671 USD146,497,174

Outstanding shares

CHF Distributing Class 1,018,081 753,445 –





JPY Distributing Class 1,221,458 – –

SEK Accumulation Class 8,530,744 6,527,692 –




CHF Distributing Class CHF9.82 CHF9.97 –





JPY Distributing Class JPY979.67 – –

SEK Accumulation Class SEK10.09 SEK10.02 –



Global Small Companies Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares


EUR Distributing Class 3,769,100 2,724,303 534,956




USD Distributing Class 1,592,906 1,334,304 –







USD Distributing Class USD10.39 USD9.75 –

Global Sustainability Core Equity Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares

EUR Accumulation Class 1,112,248 885,474 852,532

EUR Distributing Class 227,711 108,330 78,086


GBP Distributing Class 1,073,486 862,967 601,740














Global Targeted Value Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares
















Global Ultra Short Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014

Net Asset Value GBP473,386,206 GBP318,631,497 GBP207,535,449

Outstanding shares


EUR Distributing Class 1,523,329 1,400,292 907,180



SEK Accumulation Class 1,012,528 6,108,006 –






SEK Accumulation Class SEK9.95 SEK10.02 –

Global Value Fund* 30 November 2016 30 November 2015 30 November 2014

Net Asset Value USD125,325,772 – –

Outstanding shares


EUR Accumulation P Class 10,060,328 – –

GBP Accumulation Class 42,037 – –

GBP Distributing Class 260,796 – –



EUR Accumulation P Class EUR11.34 – –

GBP Accumulation Class GBP11.10 – –

GBP Distributing Class GBP11.05 – –






Pacific Basin Small Companies Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares

EUR Accumulation Class 295,843 292,028 234,563

EUR Distributing Class 139,467 103,684 –







EUR Distributing Class EUR10.65 EUR10.10 –





Sterling Inflation Linked Intermediate Duration Fixed Income Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares


GBP Accumulation DR Class – – 69,263




GBP Accumulation DR Class – GBP12.04


U.S. Core Equity Fund (commenced trading in 2015) 30 November 2016 30 November 2015 30 November 2014

Net Asset Value USD6,773,695 USD104,131,462 –

Outstanding shares

EUR Accumulation Class – 9,138,680 –

USD Accumulation Class 573,167 100 –


EUR Accumulation Class – EUR10.78 –

USD Accumulation Class USD11.82 USD10.78 –-

U.S. Small Companies Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares




USD Accumulation Class 889,189 1,075,690 716,978












World Allocation 20/80 Fund (commenced trading in 2015) 30 November 2016 30 November 2015 30 November 2014

Net Asset Value GBP11,661,566 GBP163,183 –

Outstanding shares


GBP Accumulation Class 846,670 11,168 –

GBP Distributing Class 94,572 5,100 –



GBP Accumulation Class GBP10.66 GBP10.05 –

GBP Distributing Class GBP10.49 GBP10.00 –

World Allocation 40/60 Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares








World Allocation 60/40 Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares








World Allocation 80/20 Fund (commenced trading in 2015) 30 November 2016 30 November 2015 30 November 2014

Net Asset Value GBP33,535,459 GBP459,343 –

Outstanding shares


GBP Accumulation Class 2,408,982 17,761 –

GBP Distributing Class 206,640 27,553 –



GBP Accumulation Class GBP12.47 GBP10.17 –

GBP Distributing Class GBP12.18 GBP10.11 –





World Equity Fund 30 November 2016 30 November 2015 30 November 2014


Outstanding shares





SEK Accumulation 3,987,284 – –

USD Distributing Class 1,165,989 782,000 –






SEK Accumulation SEK12.18 – –

USD Distributing Class USD9.96 USD9.54 –

16. Use of Dealing Commission Sharing Agreements and brokerage services The Fund pays no brokerage services and dealing commission

through commission sharing arrangements.

17. Significant Commitments and Contingent Liabilities

As at 30 November 2016 and 30 November 2015, the Company did

not have any significant commitments or contingent liabilities to be

presented in the Statement of Financial Position.

18. Reconciliation of Net Asset Value

The following table reconciles the published Net Assets Value to the

Net Asset Value shown in the Statement of Financial Position for

Emerging Markets Large Cap Core Equity Fund. The 30 November

2016 share dealing below is dealing which due to timing was not

included in the 30 November 2016 published NAV.


Equity Fund USD

Net assets attributable to holders of redeemable shares per published NAV 135,431,806

30 November share dealing 170,037,309

Net assets attributable to holders of redeemable shares per the financial statements. 305,469,115

19. Approval of Financial Statements The financial statements were approved by the directors on

7 March 2017.

Statement of Portfolio Changes (unaudited)

for the financial year ended 30 November 2016


In accordance with the Central Bank (Supervision & Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable

Securities) Regulations, 2015 a statement of the largest changes in the composition of the Portfolio of Investments during the reporting period is

provided to ensure that shareholders can identify changes in the investments held by the Fund. These statements present the aggregate purchases

and sales of an investment exceeding 1.00% of the total value of purchases and sales for the period or at least the top 20 purchases and sales.


Largest Purchases Cost USD

NetEase Inc, ADR 2,218,731

Taiwan Semiconductor Manufacturing Co Ltd, ADR 1,867,310

China Mobile Ltd 1,319,678

Alibaba Group Holding Ltd 1,180,996

iShares MSCI India ETF 971,072

Tata Motors Ltd 836,697

Grupo Mexico SAB de CV 814,012

Ambev SA 753,925

Arca Continental SAB de CV 680,139

Industrial & Commercial Bank of China Ltd 598,951

Infosys Ltd 598,131

Catcher Technology Co Ltd 514,681

Baidu Inc 509,058

Credicorp Ltd 506,925

Cemex SAB de CV 449,253

China Petroleum & Chemical Corp 447,013

Fomento Economico Mexicano SAB de CV 432,527

PICC Property & Casualty Co Ltd 421,054

America Movil SAB de CV 417,444

GS Holdings Corp 412,994

Largest Sales Proceeds

USD

LG Electronics Inc 748,297

Banco Bradesco SA 612,633

CITIC Ltd 591,151

Taishin Financial Holding Co Ltd 575,545

Taiwan Cement Corp 572,586

China Overseas Land & Investment Ltd 530,982

Dongbu Insurance Co Ltd 527,758

Bid Corp Ltd 348,055

BNK Financial Group Inc 339,649

Bank of China Ltd 315,632

KGHM Polska Miedz SA 315,627

Itau Unibanco Holding SA 311,807

China Vanke Co Ltd 281,050

CNOOC Ltd 274,937

CITIC Securities Co Ltd 272,678

United Microelectronics Corp 263,772

China Galaxy Securities Co Ltd 252,822

Fomento Economico Mexicano SAB de CV, ADR 229,373

Country Garden Holdings Co Ltd 226,621

Banco Bradesco SA 213,903

Gazprom PJSC, ADR 209,038

Sasol Ltd 206,271

Asustek Computer Inc 203,889

Mexichem SAB de CV 202,158

PetroChina Co Ltd 199,614

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros 198,473

China Railway Construction Corp Ltd 193,992

AngloGold Ashanti Ltd, ADR 185,350





Largest Purchases Cost GBP

Hon Hai Precision Industry Co Ltd 12,473,419

MTN Group Ltd 10,730,817

CNOOC Ltd 9,949,011

China Construction Bank Corp 9,475,986

Hyundai Mobis Co Ltd 9,084,454

Kia Motors Corp 6,837,536

China Petroleum & Chemical Corp 6,666,165

Axis Bank Ltd 5,113,322

Cathay Financial Holding Co Ltd 4,948,019

SK Hynix Inc 4,235,628

SK Innovation Co Ltd 4,160,170

JBS SA 3,765,126

Turkiye Garanti Bankasi AS 3,638,127

PetroChina Co Ltd 3,625,591

Samsung Life Insurance Co Ltd 3,340,066

Mahindra & Mahindra Ltd 3,289,892

CITIC Ltd 3,113,388

LUKOIL PJSC 2,925,576

Grupo Mexico SAB de CV 2,707,614

Standard Bank Group Ltd 2,589,289


GBP

Fomento Economico Mexicano SAB de CV 11,118,254

Industrial & Commercial Bank of China Ltd 7,821,193

Kroton Educacional SA 7,401,800

CNOOC Ltd 6,255,265

ICICI Bank Ltd 6,082,277

Akbank TAS 5,817,527

POSCO 5,709,351

AngloGold Ashanti Ltd 5,664,135

SK Hynix Inc 5,518,049

Gazprom PJSC 5,266,074

Banco do Brasil SA 4,999,344

Fomento Economico Mexicano SAB de CV 4,744,819

AngloGold Ashanti Ltd 4,695,316

CIMB Group Holdings Bhd 4,653,385

PTT PCL 4,486,228

China Petroleum & Chemical Corp 4,384,564

Vale SA 4,319,475

Grupo Financiero Banorte SAB de CV 4,137,769

SK Holdings Co Ltd 3,929,013

Samsung Life Insurance Co Ltd 3,815,803





Largest Purchases Cost EUR

France Government Bond OAT 3.150% due 25/07/2032 605,500




Deutsche Bundesrepublik Inflation Linked Bond 0.100% due 15/04/2023 251,338



EUR
















EUR

France Government Bond OAT 1.800% due 25/07/2040 4,642,572




Deutsche Bundesrepublik Inflation Linked Bond 0.500% due 15/04/2030 1,745,719







TDC AS 479,429

Smurfit Kappa Group PLC 462,070

Aggreko PLC 461,858

IMI PLC 432,899

G4S PLC 392,596

Boskalis Westminster 372,981

Tullow Oil PLC 358,245

Andritz AG 352,334

Weir Group PLC 349,622

Gemalto NV 330,008

Merlin Properties Socimi SA 317,716

Hugo Boss AG 312,690

Qiagen NV 312,177

Cobham PLC 305,521

K+S AG 290,785

Aryzta AG 289,597

Mediaset SpA 285,218

Rightmove PLC 281,822

Baloise Holding AG 280,597

B&M European Value Retail SA 271,035

Cellnex Telecom SA 270,211

Paysafe Group PLC 262,385

STMicroelectronics NV 255,372


EUR

Genmab AS 1,291,158

Paddy Power Betfair PLC 1,236,234

DCC PLC 1,034,914

Rightmove PLC 722,838

Informa PLC 714,674

Elisa Oyj 669,507

Straumann Holding AG 619,857

Umicore SA 420,775

Howden Joinery Group PLC 367,725

Arkema SA 359,905

Swiss Prime Site AG 343,985

Kingspan Group PLC 343,631

Fastighets AB Balder 330,421

Bellway PLC 317,011

Castellum AB 291,521

Eurofins Scientific SE 279,936

Teleperformance 274,659

Hufvudstaden AB 272,158

Eiffage SA 272,039

IG Group Holdings PLC 271,815




European Value Fund


Novartis AG 1,717,633

Lloyds Banking Group PLC 819,025

Total SA 781,888

E.ON SE 764,195

Banco Santander SA 521,892

Tesco PLC 491,883

HSBC Holdings PLC 414,983

Pearson PLC 410,589

Vivendi SA 398,950

Akzo Nobel NV 376,164

RWE AG 342,052

CRH PLC 338,658

Glencore PLC 331,890

Renault SA 330,081

Swiss Re AG 324,712

Telefonaktiebolaget LM Ericsson, Class B 312,506

BHP Billiton PLC 285,168

BNP Paribas SA 282,910

Banco de Sabadell SA 260,572

J Sainsbury PLC 251,592

Royal Dutch Shell PLC 226,862

Clariant AG 221,816

Eni SpA 217,903

Volkswagen AG 212,515

Mediobanca SpA 204,373

Dufry AG 203,200


Nordea Bank AB 176,234

Telecom Italia SpA 171,957

Rio Tinto PLC 169,921

CaixaBank SA 162,807


EUR

Iberdrola SA 963,487

Rio Tinto PLC 841,410

Eni SpA 690,562

AXA SA 533,776

Adecco Group AG 390,472

Svenska Cellulosa AB SCA 294,254

ABB Ltd 224,455

Syngenta AG 216,036

Aryzta AG 199,400

Standard Chartered PLC 186,326

Clariant AG 174,214

TDC AS 173,360

BNP Paribas SA 168,128

K+S AG 162,700

Barclays PLC 161,682

Renault SA 154,504

LafargeHolcim Ltd 141,385

Royal Bank of Scotland Group PLC 136,357

Tesco PLC 135,458

Nestle SA 135,338




European Value Fund (continued)

Largest Sales (continued) Proceeds

EUR

Deutsche Bank AG 135,290

Allianz SE 133,373

Novozymes AA 126,188

Wm Morrison Supermarkets PLC 121,029

UniCredit SpA 121,024

Koninklijke Philips NV 119,744


Bouygues SA 108,380

Zurich Insurance Group AG 107,158

OC Oerlikon Corp AG 100,354

Skandinaviska Enskilda Banken AB 99,966






AT&T Inc 3,647,571

Merck & Co Inc 2,584,949

Apple Inc 2,443,141

General Electric Co 2,231,946

JPMorgan Chase & Co 2,121,409

Facebook Inc 2,076,698

CVS Health Corp 1,742,494

Nestle SA 1,742,488

Pfizer Inc 1,740,397

Amazon.com Inc 1,570,199

Microsoft Corp 1,524,203

Berkshire Hathaway Inc 1,358,270

Intel Corp 1,317,510

Walt Disney Co 1,266,662

Mondelez International Inc 1,183,477

Banco Santander SA 1,134,290

Ford Motor Co 1,067,993

Johnson & Johnson 1,058,444

E.ON SE 1,003,160

Westpac Banking Corp 930,017


USD

Exxon Mobil Corp 2,811,375

Royal Dutch Shell Plc 1,564,641

Mondelez International Inc 1,532,662

EOG Resources Inc 1,189,090

Schlumberger Ltd 1,130,142

Chevron Corp 1,125,725


Liberty Global Plc 808,209

Bank of America Corp 770,522

Sanofi 760,241


Synchrony Financial 727,599

Citigroup Inc 674,946

Prudential Financial Inc 613,605

Woodside Petroleum Ltd 609,022

Banco Bilbao Vizcaya Argentaria SA 599,860

ConocoPhillips 563,728

Newcrest Mining Ltd 548,592

ABB Ltd 545,728

American International Group Inc 498,922






United States Treasury Note 1.375% due 30/04/2021 89,575,199


United Kingdom Gilt 1.500% due 22/01/2021 66,125,647

Berkshire Hathaway Inc 2.200% due 15/03/2021 49,252,653

GE Capital International Funding Co 2.342% due 15/11/2020 47,869,016

Singapore Government Bond 2.250% due 01/06/2021 46,652,264

Kreditanstalt fuer Wiederaufbau 1.375% due 01/02/2021 37,341,047

Exxon Mobil Corp 2.222% due 01/03/2021 35,078,246

Cooperatieve Rabobank UA 2.500% due 19/01/2021 33,798,719

Apple Inc 2.250% due 23/02/2021 33,200,082

Export Development Canada 1.000% due 15/12/2020 33,000,971

Finland Government International Bond 1.625% due 15/12/2020 32,908,808

Microsoft Corp 2.000% due 03/11/2020 32,270,521

Bank of Nova Scotia 2.450% due 22/03/2021 30,635,116

Asian Development Bank 1.625% due 16/03/2021 27,541,686

Province of Ontario Canada 4.400% due 14/04/2020 27,014,572

Province of Quebec Canada 3.500% due 29/07/2020 26,262,436

Kommuninvest I Sverige AB 2.500% due 01/12/2020 25,976,086


Network Rail Infrastructure Finance PLC 4.625% due 21/07/2020 23,529,197

Pfizer Inc 1.950% due 03/06/2021 22,111,383

Toyota Motor Credit Corp 1.900% due 08/04/2021 21,426,273

Nordea Bank AB 2.250% due 27/05/2021 19,815,951

Royal Bank of Canada 2.350% due 30/10/2020 19,321,582

International Bank for Reconstruction & Development 2.125% due 01/11/2020 18,781,040

Shell International Finance BV 1.875% due 10/05/2021 18,295,946

Coca-Cola Co 1.875% due 27/10/2020 18,216,433


Cisco Systems Inc 2.200% due 28/02/2021 16,251,789

Toronto-Dominion Bank 2.125% due 07/04/2021 15,847,622

Sweden Government Bond 5.000% due 01/12/2020 15,558,299


EUR

United States Treasury Note1.375% due 30/04/2021 89,172,302






Berkshire Hathaway Inc 2.100% due 14/08/2019 19,497,677

Municipality Finance PLC 1.750% due 21/05/2019 19,192,552

Apple Inc 2.100% due 06/05/2019 19,178,675

International Business Machines Corp 1.950% due 12/02/2019 19,139,534


Bank Nederlandse Gemeenten NV 1.875% due 07/12/2018 17,332,074


FMS Wertmanagement AoeR 1.875% due 07/12/2018 14,320,521


Svensk Exportkredit AB 1.875% due 17/06/2019 13,564,081


Pfizer Inc 2.100% due 15/05/2019 12,540,658

Japan Bank for International Cooperation1.750% due 28/05/2020 12,525,392




Global Short Fixed Income Fund (continued)


EUR



Shell International Finance BV 4.300% due 22/09/2019 12,138,708


Commonwealth Bank of Australia 2.250% due 13/03/2019 11,567,661

European Investment Bank 1.500% due 01/02/2019 11,117,296



Federal National Mortgage Association 1.500% due 22/06/2020 10,109,816

Toronto-Dominion Bank 2.125% due 02/07/2019 9,499,121

Statoil ASA 2.250% due 08/11/2019 9,484,446

US Bank NA 2.125% due 28/10/2019 9,472,023

Nederlandse Waterschapsbank NV 1.625% due 04/03/2020 9,358,523

Chevron Corp 2.193% due 15/11/2019 9,263,207


Total Capital International SA 2.100% due 19/06/2019 9,212,733









GE Capital UK Funding 5.875% due 04/11/2020 8,289,108





Svensk Exportkredit AB 1.875% due 21/12/2018 5,905,279


BMW US Capital LLC 2.000% due 11/04/2021 5,003,800

Network Rail Infrastructure Finance PLC 4.625% due 21/07/2020 4,960,379



Agence Francaise de Developpement 1.625% due 21/01/2020 4,031,840

Barclays PLC 3.250% due 12/01/2021 3,996,000

Royal Bank of Canada 2.364% due 21/09/2017 3,875,077

Sky PLC 2.875% due 24/11/2020 3,637,055

Coca-Cola Co 1.875% due 27/10/2020 3,611,619


Pernod Ricard SA 5.750% due 07/04/2021 3,358,770

Waste Management Inc 4.600% due 01/03/2021 3,329,070

NBCUniversal Media LLC 4.375% due 01/04/2021 3,258,360

McDonald's Corp 3.625% due 20/05/2021 3,252,540

Apple Inc 2.250% due 23/02/2021 3,079,440


Sumitomo Mitsui Financial Group Inc 2.934% due 09/03/2021 3,042,290

Fortune Brands Home & Security Inc 3.000% due 15/06/2020 3,016,020


USD






Kommunalbanken AS 1.125% due 15/12/2017 3,084,128

NRW Bank 0.875% due 15/12/2017 2,936,715

Oesterreichische Kontrollbank AG 2.000% due 17/12/2018 2,801,386


EI du Pont de Nemours & Co 6.000% due 15/07/2018 2,622,840

Boston Scientific Corp 2.650% due 01/10/2018 2,585,294

Cenovus Energy Inc 5.700% due 15/10/2019 2,281,590

EMC Corp 2.650% due 01/06/2020 2,218,672

McDonald's Corp 5.350% due 01/03/2018 2,137,360

American Express Co 6.150% due 28/08/2017 2,107,840

Koninklijke Philips NV 5.750% due 11/03/2018 1,927,764

Vodafone Group PLC 5.375% due 05/12/2017 1,924,246

Verizon Communications Inc 3.650% due 14/09/2018 1,874,790

Suncor Energy Inc 6.100% due 01/06/2018 1,764,362

General Mills Inc 5.700% due 15/02/2017 1,669,056

American Honda Finance Corp 1.550% due 11/12/2017 1,614,928


Altera Corp 1.750% due 15/05/2017 1,445,275




Global Short-Term Investment Grade Fixed Income Fund (continued)


USD

Hershey Co 1.600% due 21/08/2018 1,413,678

Costco Wholesale Corp 1.125% due 15/12/2017 1,303,978

Consolidated Edison Co of New York Inc 7.125% due 01/12/2018 1,255,364

Sumitomo Mitsui Banking Corp 1.300% due 10/01/2017 1,049,255

ONEOK Partners LP 8.625% due 01/03/2019 1,031,710

US Bancorp 1.950% due 15/11/2018 1,017,480

Anglo American Capital PLC 6.875% due 01/05/2018 994,157






Howard Hughes Corp 501,488

Technip SA 497,169

Realogy Holdings Corp 470,679

Axis Capital Holdings Ltd 442,581

Williams-Sonoma Inc 422,586

Toll Brothers Inc 421,067

STORE Capital Corp 418,471

East West Bancorp Inc 416,821

Allison Transmission Holdings Inc 413,567

Skechers U.S.A. Inc 406,312

ACADIA Pharmaceuticals Inc 403,848

Banco Popolare SC 403,236

TEGNA Inc 402,492

Computer Sciences Corp 396,961

Aggreko Plc 386,360

First Solar Inc 383,026

Intercept Pharmaceuticals Inc 382,781

B/E Aerospace Inc 382,289

B/E Aerospace Inc 373,595

Weatherford International Plc 371,230


USD

DCC Plc 1,038,979

Paddy Power Betfair Plc 724,978

Steel Dynamics Inc 688,386

Technip SA 645,253

Baloise Holding AG 636,783

Genmab AS 631,630

Arkema SA 627,847

National Retail Properties Inc 619,365

Pinnacle Foods Inc 601,962

Equity LifeStyle Properties Inc 596,345

Nomura Real Estate Master Fund Inc 590,997

Swiss Prime Site AG 578,203

Align Technology Inc 569,573

Rightmove Plc 555,724

Diamondback Energy Inc 549,061

Arista Networks Inc 542,799

ACADIA Pharmaceuticals Inc 538,009

Herbalife Ltd 536,384

Berkeley Group Holdings Plc 531,713

Spirit Realty Capital Inc 531,231






Dimensional Funds plc - Global Small Companies Fund - USD Distributing Class 2,590,000

Apple Inc 1,531,066

AT&T Inc 497,141

Verizon Communications Inc 474,643

Pfizer Inc 313,468

Wells Fargo & Co 261,095

Coca-Cola Co 248,672

Visa Inc 237,978

JPMorgan Chase & Co 208,945

CVS Health Corp 194,951

Toyota Motor Corp 188,190

Johnson & Johnson 180,363

Amazon.com Inc 172,828

Wal-Mart Stores Inc 166,815

General Electric Co 165,903

Comcast Corp 162,487

Westpac Banking Corp 152,687

Express Scripts Holding Co 150,773

American International Group Inc 148,481

Walt Disney Co 138,453


USD

Exxon Mobil Corp 661,634

Total SA 286,066

Nestle SA 285,390

British American Tobacco PLC 249,776

Altria Group Inc 230,611

Royal Dutch Shell PLC, Class A 187,778

US Bancorp 185,301

Chevron Corp 178,183

Philip Morris International Inc 169,161

PepsiCo Inc 159,447

BP PLC 156,886

Berkshire Hathaway Inc 156,192

Anheuser-Busch InBev SA 154,767

Royal Dutch Shell PLC, Class B 147,736

Imperial Brands PLC 146,849

Allergan PLC 141,836

Bayer AG 127,638

Iberdrola SA 127,189


Markel Corp 120,119






Mosaic Co 3,667,725

Bunge Ltd 3,425,766

Lennar Corp 3,340,299

Mallinckrodt PLC 3,252,667

RWE AG 3,113,131

Marks & Spencer Group PLC 2,833,133

Targa Resources Corp 2,711,200

Harman International Industries Inc 2,607,026

Autoliv Inc 2,552,127

CNH Industrial NV 2,536,181

Macquarie Infrastructure Corp 2,516,885

GKN PLC 2,475,001

Banco de Sabadell SA 2,329,639

CF Industries Holdings Inc 2,308,317

Kansas City Southern 2,308,284

FMC Technologies Inc 2,295,263

AutoNation Inc 2,264,979

Ally Financial Inc 2,172,442

OneMain Holdings Inc 2,114,303

Tesoro Corp 2,094,144


USD

UGI Corp 3,524,068

Koninklijke Ahold Delhaize NV 3,245,521

Ingredion Inc 2,986,898

Cimarex Energy Co 2,750,254

Hologic Inc 2,717,271

Newmont Mining Corp 2,516,912

Newfield Exploration Co 2,429,526

Accor SA 1,812,806

Gamesa Corp Tecnologica SA 1,762,224

CNH Industrial NV 1,733,000

Southwestern Energy Co 1,723,915

Smurfit Kappa Group PLC 1,708,536

Boliden AB 1,707,836

Enel SpA 1,637,570

Mondi PLC 1,579,507

Ageas 1,553,053

Brother Industries Ltd 1,552,279

KAR Auction Services Inc 1,486,080

Mitsui Chemicals Inc 1,460,375

Bemis Co Inc 1,382,948









State of North Rhine-Westphalia 1.250% due 20/02/2018 10,235,096

Nordic Investment Bank 1.125% due 19/03/2018 8,599,224


Municipality Finance Plc 1.125% due 17/04/2018 8,140,765

Landeskreditbank Baden-Wuerttemberg Foerderbank 1.000% due 23/04/2018 8,019,426





Kommunalbanken AS 1.125% due 23/05/2018 6,244,630

Chevron Corp 1.411% due 16/05/2018 6,225,200

Nederlandse Waterschapsbank NV 1.500% due 16/04/2018 6,179,792


Caisse des Depots et Consignations 1.250% due 04/06/2018 6,107,080


Bank of Nova Scotia 1.250% due 11/04/2017 5,637,510

Toronto Dominion Bank 1.625% due 13/03/2018 5,235,594



Toyota Motor Credit Corp 1.244% due 06/04/2018 4,850,572

Kommunekredit 1.125% due 16/01/2018 4,615,005

General Electric Co 2.625% due 16/01/2018 4,406,074

National Australia Bank Ltd 1.875% due 23/07/2018 4,119,829


NRW Bank 1.375% due 20/08/2018 4,045,951


General Electric Co 5.250% due 06/12/2017 3,687,172


Total Capital International SA 1.550% due 28/06/2017 3,535,158

Merck & Co Inc 1.269% due 18/05/2018 3,531,148


GBP






GE Capital International Funding 0.964% due 15/04/2016 7,362,313

Chevron Corp 1.016% due 22/02/2017 6,469,565

Berkshire Hathaway Finance Corp 1.026% due 10/01/2017 5,609,014

Toronto Dominion Bank 2.500% due 14/07/2016 5,109,095

Federal Home Loan Banks 2.000% due 09/09/2016 4,960,811

Hydro-Quebec 2.000% due 30/06/2016 4,802,715

Province of British Columbia 2.100% due 18/05/2016 4,607,568


FMS Wertmanagement AoeR 0.625% due 18/04/2016 4,527,342


Japan Bank for International Cooperation 2.250% due 13/07/2016 4,181,878






Global Ultra Short Fixed Income Fund (continued)


GBP


Federal Home Loan Mortgage Corp 1.250% due 12/05/2017 3,854,369

Agence Francaise de Developpement 1.125% due 03/10/2016 3,768,587




Bank of Montreal 1.300% due 15/07/2016 3,395,635


National Australia Bank Ltd 1.169% due 25/07/2016 3,202,781



Canada Government International Bond 0.875% due 14/02/2017 3,070,551

Federal Home Loan Mortgage Corp 0.750% due 14/07/2017 3,069,873


Berkshire Hathaway Finance Corp 1.048% due 13/01/2017 2,813,503

Municipality Finance PLC 1.250% due 12/09/2016 2,754,916

European Bank for Reconstruction & Development 1.375% due 20/10/2016 2,748,547




Global Value Fund*


USD


AT&T Inc 3,501,243


Comcast Corp 2,168,013



Cisco Systems Inc 1,513,674

Royal Dutch Shell PLC, Class A 1,481,878

CVS Health Corp 1,304,454

Royal Dutch Shell PLC, Class B 1,296,004

HSBC Holdings PLC 1,256,594

Vodafone Group PLC 1,253,519

Bank of America Corp 1,243,629

Wells Fargo & Co 1,191,357

Citigroup Inc 1,181,234

Medtronic PLC 1,118,511

TOTAL SA 1,069,525

Union Pacific Corp 1,051,697

Capital One Financial Corp 922,769



USD

Union Pacific Corp 718,440


Fujitsu Ltd 220,023

International Paper Co 203,897

Swedbank AB 114,866

KBC Group NV 112,501

Hilton Worldwide Holdings Inc 93,177

Umicore SA 84,465

Zimmer Biomet Holdings Inc 78,233

United Rentals Inc 74,039

LIXIL Group Corp 67,350

Julius Baer Group Ltd 66,460

Brother Industries Ltd 65,896

Proximus SADP 53,886

NSK Ltd 53,240

Broadcom Ltd 43,793

Ball Corp 39,647

Colruyt SA 34,856

Banque Cantonale Vaudoise 31,616

Mitsubishi Motors Corp 31,130







Healthscope Ltd 334,149

Adelaide Brighton Ltd 218,404

Challenger Ltd 202,265

NTN Corp 110,362

Dowa Holdings Co Ltd 103,604

Sembcorp Industries Ltd 103,351

Aica Kogyo Co Ltd 97,914

SBI Holdings Inc 97,024

Amano Corp 90,495

Blackmores Ltd 90,430

Citizen Watch Co Ltd 86,782

Toyo Tire & Rubber Co Ltd 86,154

UOL Group Ltd 83,943

Seino Holdings Co Ltd 81,079

Hokuhoku Financial Group Inc 79,746

IOOF Holdings Ltd 79,695

Independence Group NL 77,309

Sumco Corp 75,051

Anritsu Corp 71,555

Ansell Ltd 69,946


USD

Challenger Ltd 482,950

Domino's Pizza Enterprises Ltd 237,666

Seek Ltd 209,861

BlueScope Steel Ltd 201,074

Treasury Wine Estates Ltd 180,111

SCREEN Holdings Co Ltd 175,842

Ebara Corp 169,199

Cochlear Ltd 158,954

Zensho Holdings Co Ltd 158,912

Alumina Ltd 156,335

Nihon M&A Center Inc 151,282

Ryman Healthcare Ltd 151,120

Sumitomo Forestry Co Ltd 151,057

Nihon Kohden Corp 149,389

Calsonic Kansei Corp 148,724

Advantest Corp 143,708

Fisher & Paykel Healthcare Corp Ltd 143,213

PCCW Ltd 135,036

Healthscope Ltd 133,457

COMSYS Holdings Corp 130,550






United Kingdom Gilt Inflation Linked, Series 8MO 2.500% due 17/07/2024 27,217,860








GBP





United Kingdom Gilt Inflation Linked, Series 8MO 4.125% due 22/07/2030 497,493






Apple Inc 1,183,951

AT&T Inc 819,883


Pfizer Inc 450,632


Charter Communications Inc 329,169

United Technologies Corp 321,828

Cisco Systems Inc 312,428

Express Scripts Holding Co 298,431

Alphabet Inc, Class A 290,424


Johnson & Johnson 259,241

Walgreens Boots Alliance Inc 251,746

QUALCOMM Inc 248,895

Alphabet Inc, Class C 214,377

Danaher Corp 205,356


Micron Technology Inc 191,624

Mondelez International Inc 185,096

Berkshire Hathaway Inc 177,831


USD

Apple Inc 2,664,602


AT&T Inc 1,919,457


Wells Fargo & Co 1,356,502


Johnson & Johnson 1,252,224


Comcast Corp 1,196,862

Microsoft Corp 1,079,524

Wal-Mart Stores Inc 1,076,887

Cisco Systems Inc 973,822



Procter & Gamble Co 751,774

Amazon.com Inc 656,986


QUALCOMM Inc 619,927

Alphabet Inc, Class A 600,720

Alphabet Inc, Class C 589,238






Aspen Technology Inc 315,762

VeriFone Systems Inc 312,820

GameStop Corp 299,053

Federated Investors Inc 292,953

SLM Corp 280,676

Tenet Healthcare Corp 276,117

Visteon Corp 268,310

Kate Spade & Co 255,800

Catalent Inc 253,021

Nabors Industries Ltd 250,189

INC Research Holdings Inc 235,879

Prosperity Bancshares Inc 229,207

Allied World Assurance Co Holdings AG 228,190

Cree Inc 223,671

Energizer Holdings Inc 223,544

Trinseo SA 217,309

Timken Co 217,219

United States Steel Corp 217,177

First Horizon National Corp 215,949

RR Donnelley & Sons Co 214,858


USD

JetBlue Airways Corp 498,069

Vail Resorts Inc 457,308

Manhattan Associates Inc 433,340

MarketAxess Holdings Inc 424,639

EPAM Systems Inc 411,428

Burlington Stores Inc 384,104

FEI Co 376,626

Piedmont Natural Gas Co Inc 349,344

Microsemi Corp 336,773

Columbia Sportswear Co 331,652

Euronet Worldwide Inc 328,023

Allied World Assurance Co Holdings AG 313,930

Aspen Technology Inc 284,342

Take-Two Interactive Software Inc 282,149

GrubHub Inc 281,554

KeyCorp 279,326

HealthSouth Corp 273,901

Cognex Corp 272,418

Avangrid Inc 272,080

Centene Corp 268,278






Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 2,147,951

Dimensional Funds plc - Global Short Fixed Income Fund - GBP Distributing Class 2,141,761

Dimensional Funds plc - Global Short-Term Investment Grade Fixed Income Fund - GBP Distributing Class 1,895,882

Dimensional Funds plc - World Equity Fund - GBP Distributing Class 1,839,159

United Kingdom Gilt 1.000% 07/09/2017 752,152






Dimensional Funds plc - Global Core Equity Fund - GBP Distributing Class 199,239

United Kingdom Treasury Bill, Zero Coupon 16/05/2016 90,971




Largest Sales Cost GBP

Dimensional Funds plc - World Equity Fund - GBP Distributing Class 88,812


Dimensional Funds plc - Global Short Fixed Income Fund - GBP Distributing Class 77,671

Dimensional Funds ICVC - Global Short-Dated Bond Fund - GBP Income Class 76,138

Dimensional Funds plc - Global Short-Term Investment Grade Fixed Income Fund - GBP Distributing Class 70,698









Dimensional Funds plc - Global Core Equity Fund - GBP Distributing Class 17,349,834

Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 17,170,665




Dimensional Funds plc - Global Targeted Value Fund - GBP Distributing Class 4,732,679

Dimensional Funds ICVC - Emerging Markets Core Equity Fund - GBP Income Class 2,772,403


GBP

DFA Investment Dimensions Group Inc - US Core Equity 2 Portfolio - Institutional Class 8,158,909

Dimensional Funds ICVC - International Core Equity Fund - GBP Income Class 5,623,669

Dimensional Funds plc - European Small Companies Fund - GBP Distributing Class 4,024,397

Dimensional Funds ICVC - International Value Fund - GBP Income Class 3,622,610



Dimensional Funds plc - Pacific Basin Small Companies Fund - GBP Distributing Class 2,353,324




Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 300,000



Dimensional Funds ICVC - UK Core Equity Fund - GBP Income Class 122,611











Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 13,266,029





GBP

DFA Investment Dimensions Group Inc - US Core Equity 2 Portfolio - Institutional Class 25,505,307

Dimensional Funds ICVC - International Value Fund - GBP Income Class 13,703,255

Dimensional Funds plc - European Small Companies Fund - GBP Distributing Class 13,312,075



Dimensional Funds plc - Pacific Basin Small Companies Fund - GBP Distributing Class 7,224,423




Dimensional Funds ICVC - UK Core Equity Fund - GBP Income Class 1,372,949


Dimensional Funds plc - Global Ultra Short Fixed Income Fund - GBP Distributing Class 850,653
















Largest Sales Cost GBP

Dimensional Funds plc - Global Targeted Value Fund - GBP Distributing Class 585,830

Dimensional Funds ICVC - Emerging Markets Core Equity Fund - GBP Income Class 455,967


Dimensional Funds ICVC - International Core Equity Fund - GBP Income Class 198,407








World Equity Fund


AT&T Inc 2,323,550

Walt Disney Co 1,418,564

Nestle SA 1,293,765

Oracle Corp 1,223,999

Apple Inc 1,088,608

Merck & Co Inc 956,860




CVS Health Corp 702,779

Toyota Motor Corp 699,914


Microsoft Corp 679,188

Ford Motor Co 612,571

China Mobile Ltd 546,485

Travelers Cos Inc 544,629


Deere & Co 532,838

Intel Corp 522,435

E.ON SE 495,426


GBP




EOG Resources Inc 470,487

DCC Plc 465,214

Woodside Petroleum Ltd 424,012

BP Plc 355,656

Banco Bilbao Vizcaya Argentaria SA 349,513

Royal Dutch Shell Plc 335,392

Liberty Global Plc 233,172


KeyCorp 196,241

Broadcom Ltd 192,917

Hewlett Packard Enterprise Co 185,585

Sumitomo Mitsui Financial Group Inc 184,645

Barrick Gold Corp 183,743

Kingspan Group Plc 182,809

Waste Connections Inc 180,454

Schlumberger Ltd 179,246

Nokia Oyj 178,169

Remuneration Policy (unaudited)


In accordance with the European Communities (UCITS) Regulations 2011, as amended, the Company adopted a remuneration policy which in the

case of the Company, only applies to certain Directors as it has no employees.

The Directors of the Company who are separately employed by the Investment Manager or its affiliated entities do not receive remuneration from

the Company for acting in their capacity as Directors. The other 3 members of the Board of Directors receive a fixed fee only and do not receive

performance-based or variable remuneration. The fixed fees payable to such members of the Board of Directors are set at a level based on

considerations including, without limitation, the market rate, the qualifications and contribution required in view of the nature, scope and complexity

of the Company’s activities, the extent of the responsibilities and the number of board meetings and is subject to review from time to time. The

aggregate amount of remuneration paid to those Directors for the financial year was EUR70,200.

The Company's remuneration policy was adopted by the Board of Directors during the course of the year to which this report relates, the first annual

review has not occurred and there have been no material changes to the policy since it was adopted.

Securities Financing Transactions (unaudited)


1. Market value of assets engaged in securities financing transactions at 30 November 2016









USD 8,374,316 146,482,539 25,525,779 6,115,508 109,109,243 2,534,319 67,921,576

Net Assets per SOFP 305,469,115 1,577,470,967 146,886,894 61,255,126 1,711,452,142 538,675,265 484,224,517

% of Net Assets 2.74% 9.29% 17.38% 9.98% 6.38% 0.47% 14.03%



Value Fund Global Value

Fund Pacific Basin Small Companies Fund


Fund World Equity

Fund Total

USD 3,304,142 210,407,716 372,987 9,329,123 11,068,508 58,494,849 659,040,605

Net Assets per SOFP 95,263,339 1,876,475,233 125,325,772 64,870,815 168,432,745 765,185,309 7,920,987,239

% of Net Assets 3.47% 11.21% 0.30% 14.38% 6.57% 7.64% 8.32%

2. Market value of securities on loan as % of Total Lendable Assets*









USD 8,374,316 146,482,539 25,525,779 6,115,508 109,109,243 2,534,319 67,921,576

Total Lendable Assets 103,239,234 1,069,406,104 144,378,889 61,220,799 1,659,771,128 503,956,000 465,077,296

% Total Lendable Assets 8.11% 13.70% 17.68% 9.99% 6.57% 0.50% 14.60%






Fund World Equity

Fund Total

USD 3,304,142 210,407,716 372,987 9,329,123 11,068,508 58,494,849 659,040,605

Total Lendable Assets 74,548,761 1,809,275,853 120,207,825 53,353,826 167,701,879 876,887,114 7,109,024,708

% Total Lendable Assets 4.43% 11.63% 0.31% 17.49% 6.60% 6.67% 9.27% * Total lendable assets are defined as the total value of holdings made available for lending by the beneficial owner subject to the eligible asset types and active lending markets in State Street’s agency lending programme. 3. Listed below are the top 10 Counterparties used for securities lending at 30 November 2016









1. Counterparty Name

MORGAN STANLEY & CO.

INTERNATIONAL PLC.


INTERNATIONAL PLC.

BARCLAYS CAPITAL

SECURITIES LIMITED

BARCLAYS CAPITAL

SECURITIES LIMITED

CREDIT SUISSE SECURITIES

(EUROPE) LIMITED


(EUROPE) LIMITED UBS AG

Value of outstanding transactions USD 2,936,794.02 35,611,329.75 5,092,146.98 2,312,262.19 17,518,968.62 2,534,319.16 12,203,018.85

Country of Establishment U.K. U.K. U.K. U.K. U.K. U.K. U.K.






Fund World Equity

Fund



(EUROPE) LIMITED


INTERNATIONAL PLC.


(EUROPE) LIMITED


INTERNATIONAL PLC. UBS AG UBS AG

Value of outstanding transactions USD 1,018,031.56 37,146,484.23 394,889.64 2,624,158.68 6,635,688.80 15,575,811.14

Country of Establishment U.K. U.K. U.K. U.K. Switzerland Switzerland

Securities Financing Transactions (unaudited) (continued)


3. Listed below are the top 10 Counterparties used for securities lending at 30 November 2016 (continued)









2. Counterparty Name UBS AG


(EUROPE) LIMITED GOLDMAN SACHS

INTERNATIONAL


INTERNATIONAL PLC.

BARCLAYS CAPITAL

SECURITIES LIMITED –


INTERNATIONAL PLC.

Value of outstanding transactions USD 2,661,497.08 32,072,044.24 4,368,770.10 1,129,102.33 16,780,751.01 – 10,521,504.17

Country of Establishment Switzerland U.K. U.K. U.K. U.K. – U.K.






Fund World Equity

Fund



INTERNATIONAL PLC. UBS AG

DEUTSCHE BANK AG


(EUROPE) LIMITED DEUTSCHE BANK

AG


(EUROPE) LIMITED

Value of outstanding transactions USD 778,643.96 31,594,032.91 233.60 2,344,953.98 1,502,221.65 13,974,503.39

Country of Establishment U.K. Switzerland Germany U.K. Germany U.K.









3. Counterparty Name DEUTSCHE BANK

AG UBS LIMITED


INTERNATIONAL PLC.

STATE STREET BANK

INTERNATIONAL GMBH


INTERNATIONAL PLC. –


(EUROPE) LIMITED

Value of outstanding transactions USD 1,005,652.03 16,258,863.08 4,290,630.03 1,018,729.61 16,134,308.07 – 8,530,327.31

Country of Establishment Germany U.K. U.K. U.K. U.K. – U.K.






Fund World Equity

Fund

3. Counterparty Name UBS AG

BARCLAYS CAPITAL

SECURITIES LIMITED – UBS AG


(EUROPE) LIMITED JP MORGAN

SECURITIES PLC

Value of outstanding transactions USD 624,686.67 24,040,556.70 – 946,357.44 793,621.65 6,774,423.44

Country of Establishment Switzerland U.K. – Switzerland U.K. U.K.









4. Counterparty Name JP MORGAN

SECURITIES PLC GOLDMAN SACHS

INTERNATIONAL JP MORGAN

SECURITIES PLC


(EUROPE) LIMITED UBS AG – GOLDMAN SACHS

INTERNATIONAL

Value of outstanding transactions USD 643,336.45 15,162,021.93 3,616,278.16 661,990.64 15,937,059.56 – 7,914,775.25

Country of Establishment U.K. U.K. U.K. U.K. Switzerland – U.K.









Fund World Equity

Fund


STATE STREET BANK

INTERNATIONAL GMBH

GOLDMAN SACHS INTERNATIONAL –

MERRILL LYNCH INTERNATIONAL

CITIGROUP GLOBAL MARKETS

LIMITED

STATE STREET BANK

INTERNATIONAL GMBH


Country of Establishment U.K. U.K. – U.K. U.K. U.K.









5. Counterparty Name GOLDMAN SACHS

INTERNATIONAL JP MORGAN

SECURITIES PLC


LIMITED UBS AG GOLDMAN SACHS

INTERNATIONAL –

BARCLAYS CAPITAL

SECURITIES LIMITED


Country of Establishment U.K. U.K. U.K. Switzerland U.K. – U.K.






Fund World Equity

Fund

5. Counterparty Name DEUTSCHE BANK

AG


(EUROPE) LIMITED – JP MORGAN

SECURITIES PLC

BARCLAYS CAPITAL

SECURITIES LIMITED


LIMITED


Country of Establishment Germany U.K. – U.K. U.K. U.K.









6. Counterparty Name UBS LIMITED DEUTSCHE BANK

AG UBS AG SOCIETE

GENERALE SA

STATE STREET BANK

INTERNATIONAL GMBH –

JP MORGAN SECURITIES PLC


Country of Establishment U.K. Germany Switzerland France U.K. – U.K.






Fund World Equity

Fund



LIMITED JP MORGAN

SECURITIES PLC – MACQUARIE BANK

LIMITED


INTERNATIONAL PLC.

DEUTSCHE BANK AG


Country of Establishment U.K. U.K. – Australia U.K. Germany














LIMITED UBS AG MERRILL LYNCH INTERNATIONAL

GOLDMAN SACHS INTERNATIONAL

JP MORGAN SECURITIES PLC –

DEUTSCHE BANK AG


Country of Establishment U.K. Switzerland U.K. U.K. U.K. – Germany






Fund World Equity

Fund

7. Counterparty Name SOCIETE

GENERALE SA


LIMITED – DEUTSCHE BANK

AG SOCIETE

GENERALE SA MERRILL LYNCH INTERNATIONAL


Country of Establishment France U.K. – Germany France U.K.









8. Counterparty Name MERRILL LYNCH INTERNATIONAL


LIMITED DEUTSCHE BANK

AG JP MORGAN

SECURITIES PLC


LIMITED –


LIMITED

Value of outstanding transactions USD 51,592.87 5,620,793.65 955,700.33 179,148.01 4,643,665.24 – 3,660,112.73

Country of Establishment U.K. U.K. Germany U.K. U.K. – U.K.






Fund World Equity

Fund

8. Counterparty Name ABN AMRO BANK

N.V. DEUTSCHE BANK

AG –


LIMITED HSBC BANK PLC MACQUARIE BANK

LIMITED


Country of Establishment Netherlands Germany – U.K. U.K. Australia











(EUROPE) LIMITED MERRILL LYNCH INTERNATIONAL


(EUROPE) LIMITED MERRILL LYNCH INTERNATIONAL

DEUTSCHE BANK AG –

STATE STREET BANK

INTERNATIONAL GMBH

Value of outstanding transactions USD 37,340.63 5,616,739.33 857,209.28 139,058.44 3,896,483.28 – 2,415,662.53

Country of Establishment U.K. U.K. U.K. U.K. Germany – U.K.






Fund World Equity

Fund

9. Counterparty Name HSBC BANK PLC

STATE STREET BANK


SOCIETE GENERALE SA

JP MORGAN SECURITIES PLC

BNP PARIBAS ARBITRAGE SNC


Country of Establishment U.K. U.K. – France U.K. France












10. Counterparty Name – BNP PARIBAS

ARBITRAGE SNC BNP PARIBAS

ARBITRAGE SNC BNP PARIBAS

ARBITRAGE SNC HSBC BANK PLC – BNP PARIBAS

ARBITRAGE SNC

Value of outstanding transactions USD – 4,665,090.52 668,275.20 52,385.60 2,270,738.05 – 1,863,235.45

Country of Establishment – France France France U.K. – France

8,383,638.19 140,571,054.90 24,107,508.23 6,106,067.03 100,568,805.57 2,534,319.16 62,504,922.59






Fund World Equity

Fund

10. Counterparty Name MERRILL LYNCH INTERNATIONAL

MERRILL LYNCH INTERNATIONAL –

STATE STREET BANK


SOCIETE GENERALE SA

Value of outstanding transactions USD 46,690.77 4,758,452.84 – 213,200.52 – 1,112,664.21

Country of Establishment U.K. U.K. – U.K. – France

3,297,034.11 195,186,417.79 395,123.24 8,718,757.54 11,139,148.77 57,354,008.85 4. Settlement/clearing for securities lending:









Bilateral

Arrangement

Bilateral arrangement and Tri-party arrangement











Fund World Equity

Fund



Bilateral Arrangement


Bilateral Arrangement


5. Maturity tenor of the SFTs (USD)









Open Open Open Open Open Open Open






Fund World Equity

Fund

Open Open Open Open Open Open



6. Type and Quality of Collateral









Type

1 Cash Cash Cash Cash Cash Cash Cash

2 Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt

Quality

1 Cash is not rated Cash is not rated Cash is not rated Cash is not rated Cash is not rated Cash is not rated Cash is not rated

2 All Sovereign

debt is “A” rated All Sovereign


debt is “A” rated* All Sovereign




debt is “A” rated*






Fund World Equity

Fund

1 Cash Cash Cash Cash Cash Cash

2 Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt Sovereign Debt

Quality

1 Cash is not rated Cash is not rated Cash is not rated Cash is not rated Cash is not rated Cash is not rated

2 All Sovereign






debt is “A” rated* * Bonds issued by the Government of Belgium and US Treasury Bills are not rated by Moodys. 7. Currency of Collateral









USD USD USD USD USD USD USD






Fund World Equity

Fund

USD USD USD USD USD USD

8. Maturity tenor of the Collateral USD









1 week to 1 month 46,699 649,150 28,185 5,770 471,719 - 388,141

1 to 3 months 327,893 1,552,931 374,543 45,353 4,295,443 - 4,191,439

3 months to 1 year 321,668 5,195,215 1,547,584 157,463 8,503,334 - 7,663,250

Greater than 1 year 7,001,470 138,185,690 17,400,625 2,666,479 75,474,363 - 47,247,531

Open Maturity - 681,520 3,365,672 1,663,799 9,012,444 - 4,810,202






Fund World Equity

Fund

1 week to 1 month 16,837 1,015,261 24,795 27,392 97,557 372,327

1 to 3 months 144,918 10,490,837 - 170,857 2,759,401 4,170,134

3 months to 1 year 227,789 18,967,506 59,070 351,768 2,991,649 5,533,649

Greater than 1 year 2,459,554 149,130,115 314,158 8,283,087 4,887,661 38,334,192

Open Maturity 73,339 14,490,909 - 476,909 - 1,714,871



9. Ten largest Collateral Issuers (Stock Collateral)









1. Collateral Issuer

Bundesrepublik Deutschland

04/01/2028

United States Treasury Note/Bond

31/01/2018


04/01/2028


04/01/2028

United Kingdom Gilt Inflation Linked

26/01/2035 –


26/01/2035

Value of collateral USD 557,849 10,564,177 1,056,804 367,259 4,742,201 – 2,108,327






Fund World Equity

Fund



26/01/2035


04/01/2028


22/03/2040


26/01/2035

United States Treasury Floating

Rate Note 30/04/2017


16/04/2020

Value of collateral USD 278,750 7,096,366 173,939 844,114 1,278,417 3,527,238











22/11/2047

United States Treasury Inflation

Indexed Bonds 15/01/2025

Bundesobligation 07/04/2017

French Republic Government Bond

OAT 25/05/2018


16/04/2020 –


16/04/2020

Value of collateral USD 341,546 9,880,935 835,322 352,539 4,667,611 – 2,030,801






Fund World Equity

Fund



16/04/2020 United Kingdom Gilt

22/01/2060




16/04/2020

United States Treasury Bill

16/02/2017


26/01/2035












31/01/2020




OAT 25/05/2018 United Kingdom Gilt

22/07/2068


04/01/2028 –


04/01/2028







Fund World Equity

Fund



22/03/2040 Bundesobligation

07/04/2017


27/04/2017


22/03/2040




22/03/2040




9. Ten largest Collateral Issuers (Stock Collateral) (continued)









4. Collateral Issuer United Kingdom Gilt

22/01/2060



07/12/2049

Kingdom of Belgium Government Bond

22/06/2018


22/03/2040 –


16/02/2017







Fund World Equity

Fund



22/11/2022


26/01/2035


15/02/2025


22/11/2022


00/01/1900


OAT 25/10/2038

Value of collateral USD 135,586 4,560,438 25,717 396,414 835,720 1,943,190











22/03/2062



22/07/2068

Canadian Government Bond

01/08/2018


04/01/2037 –









Fund World Equity

Fund


22/01/2060


22/11/2047


00/01/1900


22/11/2047




22/11/2022












OAT 25/10/2021


31/05/2021

Kingdom of Belgium Government Bond


07/12/2049


22/11/2022 – Bundesobligation

07/04/2017







Fund World Equity

Fund



22/11/2047


16/04/2020



22/01/2060




04/01/2028















OAT 25/10/2023


22/03/2040


04/01/2018

Netherlands Government Bond

15/01/2028 Bundesobligation

07/04/2017 –









Fund World Equity

Fund



04/01/2028


OAT 25/05/2018




OAT 25/10/2021


00/01/1900


16/02/2017











22/01/2045



Canadian Government Bond



07/12/2049 –


22/03/2040







Fund World Equity

Fund



22/03/2062


04/01/2037


15/02/2018


22/03/2062


15/01/2019














OAT 25/04/2020


22/11/2022


OAT 25/10/2023

French Treasury Note BTAN 25/07/2017


22/11/2047 –









Fund World Equity

Fund



04/01/2037


OAT 25/10/2023




OAT 25/10/2038


15/08/2021
















22/07/2018


31/12/2020


OAT 25/11/2019 United Kingdom Gilt


22/01/2060 – United Kingdom Gilt

22/01/2060







Fund World Equity

Fund



OAT 25/10/2021


16/02/2017


15/05/2019


OAT 25/04/2020


31/05/2023


OAT 25/05/2018

Value of collateral USD 57,391 3,604,159 7,665 244,725 265,840 898,794

10. Re-investment of Collateral received As at 30 November 2016 USD97,000,000 of the total cash collateral received by the funds was reinvested at a company level in repurchase agreements with approved counterparties Citigroup, JP Morgan and Merrill Lynch. 11. Safe-keeping of Collateral received









No. of Depositaries 1 1 1 1 1 1 1

Depositary State Street State Street State Street State Street State Street State Street State Street






Fund World Equity

Fund

No. of Depositaries 1 1 1 1 1 1

Depositary State Street State Street State Street State Street State Street State Street

12. Returns and costs of the SFTs Please refer to the Statement of Comprehensive Income and Note 4 for details of income and associated costs.

Dimensional Funds plc is structured as an umbrella fund with segregated liability between sub-funds, established as an open- ended investment company with variable capital and limited liability under the laws of Ireland with registration number 352043. Dimensional Funds plc qualifi es and is authorised by the Central Bank of Ireland as an undertaking for collective investments in transferable securities (UCITS).

The value of investments and any income from them may fall as well as rise and past performance is not a guarantee of future results. This is not a prospectus. Prospective investors should receive a prospectus, which should be read carefully before investing in the Company. Prospectuses are available to download from http://eu.dimensional.com.

AMERICAS

Austin, Charlotte, Santa Monica, Toronto, VancouverEUROPE

London, Amsterdam, BerlinASIA PACIFIC

Sydney, Melbourne, Singapore, Tokyo

eu.dimensional.com

Annual Report and Audited Financial Statements

Documents

Transcript of Annual Report and Audited Financial Statements