Units Cost Market Value INTERNATIONAL EQUITY FUND · Units Cost Market Value INTERNATIONAL EQUITY FUND International Equities 94.72% International Common Stocks ARGENTIN A LOMA NEGRA

Units Cost Market ValueINTERNATIONAL EQUITY FUND

International Equities 94.72%

International Common Stocks

ARGENTINALOMA NEGRA CIA INDUSTRIAL ARGE 55,200 977,462 195,960

AUSTRALIAABACUS PROPERTY GROUP 17,491 44,095 25,527ADELAIDE BRIGHTON LTD 1,361,447 3,279,479 1,714,727AGL ENERGY LTD 32,477 440,769 346,075ALTIUM LTD 81,036 1,277,684 1,443,084ALUMINA LTD 55,290 110,363 49,043AMP LTD 209,286 697,907 169,835ANSELL LTD 6,910 126,701 117,181AUSNET SERVICES 108,754 133,990 114,310AUSTRALIA & NEW ZEALAND BANKIN 483,257 9,557,349 5,185,934AUSTRALIAN PHARMACEUTICAL INDU 17,357 22,003 13,466BANK OF QUEENSLAND LTD 20,114 179,261 62,878BEGA CHEESE LTD 13,396 52,287 37,470BENDIGO & ADELAIDE BANK LTD 23,137 193,331 88,311BHP GROUP LTD 191,985 4,861,943 3,472,965BHP GROUP PLC 700,960 14,523,291 10,822,943BORAL LTD 58,329 217,262 72,583BRAMBLES LTD 1,276,010 10,195,817 8,379,264BRICKWORKS LTD 2,308 22,049 18,601BWP TRUST 22,569 49,401 46,016CENTURIA OFFICE REIT 12,032 25,575 12,258CHALLENGER LTD 26,421 150,320 66,935CHARTER HALL LONG WALE REIT 12,722 48,079 34,833CHARTER HALL RETAIL REIT 839,125 2,603,112 1,637,011CIMIC GROUP LTD 5,595 65,225 79,297COMMONWEALTH BANK OF AUSTRALIA 126,941 7,050,121 4,771,093COOPER ENERGY LTD 61,397 22,500 15,875CORONADO GLOBAL RESOURCES INC 13,815 19,218 9,972COSTA GROUP HOLDINGS LTD 418,509 1,685,341 700,270CROMWELL PROPERTY GROUP 56,160 44,528 27,370CSL LTD 4,369 724,209 788,620CSR LTD 22,562 67,493 43,487DOMAIN HOLDINGS AUSTRALIA LTD 14,533 25,582 17,839DOWNER EDI LTD 25,683 116,821 46,511ELDERS LTD 8,487 39,748 39,634ESTIA HEALTH LTD 18,547 44,041 15,668EVOLUTION MINING LTD 79,926 211,537 184,455FLEXIGROUP LTD/AUSTRALIA 15,560 24,777 7,359FORTESCUE METALS GROUP LTD 66,090 263,150 401,661G8 EDUCATION LTD 29,583 92,927 15,599GDI PROPERTY GROUP 5,300 4,260 3,066GENWORTH MORTGAGE INSURANCE AU 10,451 24,479 14,172GOODMAN GROUP 294,280 2,501,822 2,236,972GPT GROUP/THE 1,075,099 4,002,557 2,437,978GROWTHPOINT PROPERTIES AUSTRAL 16,384 44,617 25,769GUD HOLDINGS LTD 3,911 29,045 22,798GWA GROUP LTD 10,951 25,504 17,892HARVEY NORMAN HOLDINGS LTD 33,741 107,114 60,565HEALIUS LTD 27,427 71,408 34,657HT&E LTD 4,430 15,461 3,111IGO LTD 21,378 59,335 56,843IMF BENTHAM LTD 423,539 967,756 977,681INFIGEN ENERGY 45,991 15,620 12,180INGHAMS GROUP LTD 808,290 2,200,656 1,617,943INSURANCE AUSTRALIA GROUP LTD 31,724 160,496 123,002

End of Month: 3/31/2020 Unaudited Holdings Report page 1 of 37

Units Cost Market ValueINVOCARE LTD 83,692 1,003,000 538,697IOOF HOLDINGS LTD 14,592 99,912 32,440IRESS LTD 9,105 81,172 59,394JB HI-FI LTD 5,917 110,301 103,663JUPITER MINES LTD 98,423 24,216 13,509LINK ADMINISTRATION HOLDINGS L 25,755 99,101 50,510MACQUARIE GROUP LTD 5,300 456,027 287,117MAYNE PHARMA GROUP LTD 74,649 30,008 14,598MCMILLAN SHAKESPEARE LTD 4,446 39,959 19,593MEDIBANK PVT LTD 41,030 89,328 66,617MESOBLAST LTD 762 715 634MINERAL RESOURCES LTD 8,110 113,429 68,840MIRVAC GROUP 1,978,861 2,998,799 2,606,061MONADELPHOUS GROUP LTD 3,349 49,938 20,908MYER HOLDINGS LTD 48,827 42,483 4,142NATIONAL AUSTRALIA BANK LTD 344,842 7,315,121 3,627,358NEWCREST MINING LTD 3,611 52,248 50,486NINE ENTERTAINMENT CO HOLDINGS 82,616 89,604 59,849NUFARM LTD/AUSTRALIA 14,986 68,437 47,925OCEANAGOLD CORP 37,079 113,991 35,168OIL SEARCH LTD 40,606 220,414 61,464OOH MEDIA LTD RIGHTS 13,963 7,791 940OOH!MEDIA LTD 13,963 32,081 5,427ORIGIN ENERGY LTD 86,271 505,232 229,959ORORA LTD 76,468 170,079 115,711OZ MINERALS LTD 10,498 64,084 48,610PACT GROUP HOLDINGS LTD 438,520 1,591,995 408,500PENDAL GROUP LTD 14,590 107,652 39,369PERENTI GLOBAL LTD 21,997 23,655 8,151PERPETUAL LTD 2,365 92,920 36,331PLATINUM ASSET MANAGEMENT LTD 15,238 52,225 30,839PREMIER INVESTMENTS LTD 4,530 49,570 35,350PRO MEDICUS LTD 6,557 74,017 79,034QBE INSURANCE GROUP LTD 24,611 200,879 133,800QUBE HOLDINGS LTD 38,037 76,238 51,401REGIS RESOURCES LTD 20,533 64,378 45,680RESOLUTE MINING LTD 40,196 49,779 19,885RURAL FUNDS GROUP 12,931 16,828 14,939SANDFIRE RESOURCES LTD 7,829 39,986 15,717SCENTRE GROUP 268,612 844,772 264,634SEEK LTD 196,858 2,634,778 1,837,667SELECT HARVESTS LTD 3,724 18,950 16,163SEVEN GROUP HOLDINGS LTD 6,112 83,791 43,403SEVEN WEST MEDIA LTD 49,152 39,392 2,319SG FLEET GROUP LTD 10,467 22,094 7,725SHOPPING CENTRES AUSTRALASIA P 1,467,656 2,588,899 2,077,664SIGMA HEALTHCARE LTD 59,613 42,644 23,258SMARTGROUP CORP LTD 6,993 45,026 20,845SOLGOLD PLC 47,280 19,005 9,577SONIC HEALTHCARE LTD 32,472 567,462 483,895SOUTH32 LTD 617,096 1,059,270 661,855SOUTHERN CROSS MEDIA GROUP LTD 34,698 32,686 4,515SPARK INFRASTRUCTURE GROUP 88,254 161,109 104,716ST BARBARA LTD 41,711 76,778 54,280STOCKLAND 2,354,889 7,834,603 3,753,991SUNCORP GROUP LTD 87,622 819,944 487,304SUPER RETAIL GROUP LTD 6,223 39,975 17,460TASSAL GROUP LTD 15,471 45,846 32,952TPG TELECOM LTD 11,401 51,278 49,131TRANSURBAN GROUP 290,191 3,035,319 2,124,268VICINITY CENTRES 2,612,369 5,831,414 1,635,929VIRTUS HEALTH LTD 5,809 24,339 6,719VIVA ENERGY GROUP LTD 30,185 45,475 23,230VIVA ENERGY REIT 19,068 31,566 26,842


Units Cost Market ValueVOCUS GROUP LTD 28,673 116,698 44,763WESFARMERS LTD 19,897 488,890 426,338WESTERN AREAS LTD 12,865 20,447 15,184WESTGOLD RESOURCES LTD 8,454 8,215 9,735WESTPAC BANKING CORP 256,699 5,803,850 2,669,896WOODSIDE PETROLEUM LTD 56,106 1,242,192 622,036WOOLWORTHS GROUP LTD 93,120 1,745,418 2,024,581WPP AUNZ LTD 51,352 22,321 6,510

AUSTRIAAGRANA BETEILIGUNGS AG 1,418 29,069 25,150ANDRITZ AG 3,677 155,552 115,107AT&S AUSTRIA TECHNOLOGIE & SYS 1,238 22,262 18,138BAWAG GROUP AG 2,080 98,085 58,142CA IMMOBILIEN ANLAGEN AG 3,368 76,956 113,182DO & CO AG 43,044 2,813,520 1,684,954ERSTE GROUP BANK AG 19,349 722,404 356,791EVN AG 2,673 39,137 39,040IMMOFINANZ AG 3,956 99,130 70,365KAPSCH TRAFFICCOM AG 276 15,929 5,235LENZING AG 72,504 6,700,934 3,996,353OESTERREICHISCHE POST AG 2,563 111,446 91,508OMV AG 10,252 407,603 281,915PORR AG 673 21,710 11,098RAIFFEISEN BANK INTERNATIONAL 11,525 336,869 168,305RHI MAGNESITA NV 513 17,964 12,894SCHOELLER-BLECKMANN OILFIELD E 343 27,946 11,276TELEKOM AUSTRIA AG 8,995 70,173 62,546UNIQA INSURANCE GROUP AG 5,291 42,920 40,853VIENNA INSURANCE GROUP AG WIEN 1,414 34,115 26,515VOESTALPINE AG 6,850 298,010 138,760

BELGIUMAEDIFICA SA 1,122 98,908 115,939AGEAS 8,470 371,001 350,634AGFA-GEVAERT NV 5,151 22,167 19,180BEFIMMO SA 818 54,180 39,193BEKAERT SA 910 40,056 15,207BPOST SA 5,500 141,294 38,679CIE D'ENTREPRISES CFE 374 36,688 26,699COFINIMMO SA 992 119,077 129,349COLRUYT SA 3,034 161,812 163,673D'IETEREN SA/NV 681 36,285 33,606ECONOCOM GROUP SA/NV 6,584 24,024 10,426ELIA GROUP SA/NV 1,566 77,218 152,656EURONAV NV 8,249 90,332 93,885EXMAR NV 3,483 33,253 15,787FAGRON 117,194 2,091,209 2,303,298GALAPAGOS NV 33,620 4,552,615 6,636,792GROUPE BRUXELLES LAMBERT SA 3,874 385,097 303,268INTERVEST OFFICES & WAREHOUSES 668 18,167 17,395KBC ANCORA 1,411 60,757 39,517KBC GROUP NV 14,544 952,403 667,724MELEXIS NV 20,043 1,417,005 1,055,513ONTEX GROUP NV 3,452 93,907 60,032ORANGE BELGIUM SA 373 7,911 6,552PROXIMUS SADP 9,408 277,705 214,792SOLVAY SA 7,986 799,659 579,475TELENET GROUP HOLDING NV 12,401 493,922 371,874UCB SA 12,252 1,018,932 1,058,437UMICORE SA 424,205 16,782,421 14,758,111VAN DE VELDE NV 586 21,749 13,197VGP NV 41,620 2,752,697 4,267,002WAREHOUSES DE PAUW CVA 178,113 4,998,262 5,094,947

BERMUDAHISCOX LTD 70,087 1,383,003 801,118


Units Cost Market ValueBRAZIL

B2W CIA DIGITAL 164,800 2,324,295 1,520,395BANCO BRADESCO SA 1,297,144 8,136,070 5,266,405CIA DE SANEAMENTO BASICO DO ES 322,915 2,817,066 2,383,113CIA DE SANEAMENTO DO PARANA 499,050 2,955,602 2,309,258HYPERA SA 366,423 3,017,656 2,041,021INTERNATIONAL MEAL CO ALIMENTA 607,188 1,389,581 328,963LOJAS AMERICANAS SA 214,130 1,117,689 750,566VALE SA 460,339 3,234,989 3,816,210

CANADAADVANTAGE OIL & GAS LTD 7,749 36,281 7,785AECON GROUP INC 3,258 49,663 28,749AG GROWTH INTERNATIONAL INC 1,326 45,926 15,837AGF MANAGEMENT LTD 3,105 18,561 6,544AGNICO EAGLE MINES LIMITED 3,998 159,631 157,802ALARIS ROYALTY CORP 2,879 50,573 16,687ALGONQUIN POWER & UTIL CORP 33,404 431,545 444,730ALIMENTATION COUCHE-TARD INC 45,231 1,174,753 1,053,436ALTAGAS CANADA INC 669 16,957 15,746ALTAGAS LTD 14,538 326,468 130,228ALTUS GROUP LTD 1,090 21,477 27,952ARC RESOURCES LTD 20,746 258,574 59,031ARTIS REIT 4,365 38,765 24,472ATCO LTD 3,635 128,718 99,523AURINIA PHARMACEUTICALS INC 1,416 7,498 20,325BANK OF MONTREAL 39,319 2,849,498 1,962,980BANK OF NOVA SCOTIA 150,031 8,085,989 6,057,738BARRICK GOLD CORP 12,401 233,597 225,306BAYTEX ENERGY CORP 29,226 181,243 6,879BCE INC 22,357 960,599 906,783BIRCHCLIFF ENERGY LTD 22,921 67,486 12,561BLACKBERRY LIMITED 27,199 240,321 110,260BLACKLINE SAFETY CORP 500,674 1,952,478 1,512,557BOARDWALK REAL ESTATE INVT 1,399 48,281 22,518BORALEX INC 185,989 3,378,791 3,266,747BROOKFIELD ASSET MGMT INC 54,173 2,504,633 2,374,196CAE INC 383,194 6,318,958 4,789,420CAMECO CORP 24,295 261,155 183,149CANACCORD GENUITY GROUP INC 3,905 20,364 11,879CANACOL ENERGY LTD 3,836 11,874 9,621CANADIAN APARTMENT PPTYS REIT 3,506 82,553 104,908CANADIAN IMPERIAL BK OF COMM 23,844 2,033,669 1,373,666CANADIAN NATIONAL RAILWAY CO 14,517 1,332,042 1,122,216CANADIAN NATURAL RESOURCES LTD 55,953 1,559,704 756,733CANADIAN PACIFIC RAILWAY LTD 690 136,244 150,546CANADIAN TIRE CORP LTD 21,978 2,328,200 1,311,562CANADIAN UTILITIES LTD 7,214 203,131 170,498CANADIAN WESTERN BANK 3,953 91,626 53,795CAPITAL POWER CORP 5,771 112,524 110,080CASCADES INC 3,559 33,510 31,431CCL INDUSTRIES INC 20,915 784,768 628,765CELESTICA INC 6,124 73,720 21,254CENOVUS ENERGY INC 48,743 652,914 97,257CES ENERGY SOLUTIONS CORP 12,875 30,815 7,327CHINA GOLD INTL RES CORP LTD 19,899 31,005 7,829CHORUS AVIATION INC 14,929 90,034 30,837CI FINANCIAL INC 14,315 331,484 140,500CINEPLEX INC 89,205 2,323,792 733,269COGECO COMMUNICATIONS INC 376 19,371 25,220COMINAR REIT 3,356 38,544 19,122COMPUTER MODELLING GROUP LTD 7,609 41,733 20,475CORUS ENTERTAINMENT INC 10,469 91,120 18,462CRESCENT POINT ENERGY CORP 27,554 432,317 21,101CROMBIE REAL ESTATE INVT TR 2,267 22,166 19,782


Units Cost Market ValueDOLLARAMA INC 23,430 697,291 642,644DREAM INDUSTRIAL REIT 1,904 13,686 12,561DREAM OFFICE REIT 669 11,874 10,970DREAM UNLIMITED CORP 3,864 28,740 25,627ECN CAPITAL CORP 9,499 31,054 25,093ELDORADO GOLD CORP 8,244 133,631 50,680ELEMENT FLEET MANAGEMENT CORP 20,613 202,155 129,759EMERA INC 12,897 525,986 502,887ENBRIDGE INC 163,706 6,254,774 4,713,297ENERFLEX LTD 4,688 60,212 19,202ENERPLUS CORP 12,979 123,432 18,876ENSIGN ENERGY SERVICES INC 5,685 46,544 2,077EQUITABLE GROUP INC 710 31,432 28,967EXCHANGE INCOME CORP 1,220 29,077 15,214EXTENDICARE INC 6,526 39,494 26,501FAIRFAX FINANCIAL HOLDINGS LTD 2,038 978,470 617,736FIERA CAPITAL CORP 1,303 13,314 5,987FINNING INTERNATIONAL INC 7,788 129,911 82,621FIRST CAPITAL REIT 9,438 150,890 90,378FIRST MAJESTIC SILVER CORP 2,485 13,864 15,224FIRST NATIONAL FINANCIAL CORP 1,283 17,451 22,463FIRST QUANTUM MINERALS LTD 33,472 312,693 169,083FORTIS INC 35,400 1,189,353 1,349,744FORTUNA SILVER MINES INC 8,823 21,656 20,084FRANCO-NEVADA CORP 9,915 645,312 979,484FREEHOLD ROYALTIES LTD 8,140 74,908 16,814GENWORTH MI CANADA INC 2,119 71,287 46,553GIBSON ENERGY INC 6,828 107,114 77,953GREAT WEST LIFECO INC 12,631 358,420 215,730H&R REIT 7,432 135,823 46,628HOME CAPITAL GROUP INC 3,172 81,234 35,790HUDBAY MINERALS INC 2,281 15,647 4,263HUSKY ENERGY INC 19,696 183,679 48,986HYDRO ONE LIMITED 17,270 304,517 307,459IA FINANCIAL CORP INC 4,307 186,833 133,868IGM FINANCIAL INC 4,495 146,942 73,740IMPERIAL OIL LTD 13,781 351,177 154,042INNERGEX RENEWABLE ENERGY INC 266,946 3,011,371 3,591,538INTER PIPELINE LTD 47,815 859,786 282,855KEYERA CORP 38,750 929,748 356,097KILLAM APT REAL ESTATE INVT TR 4,491 60,787 49,790KINAXIS INC 36,728 2,914,255 2,809,788KINROSS GOLD CORP 34,746 149,089 137,925KIRKLAND LAKE GOLD LTD 7,191 200,307 209,412LABRADOR IRON ORE ROYALTY CORP 2,897 63,326 34,214LAURENTIAN BANK OF CANADA 1,587 69,051 34,074LINAMAR CORP 1,661 60,220 33,994LOBLAW COMPANIES LTD 5,532 252,036 281,973LUCARA DIAMOND CORP 33,304 52,650 9,476MAGNA INTL INC 13,847 665,696 436,905MANULIFE FINANCIAL CORP 167,291 2,942,414 2,076,813MAPLE LEAF FOODS INC 2,810 62,424 50,382MARTINREA INTERNATIONAL INC 4,552 38,126 21,779MEG ENERGY CORP 9,605 56,970 11,269METRO INC 24,858 894,965 993,901MORGUARD REIT 1,420 14,872 5,138MORNEAU SHEPELL INC 1,632 40,136 32,552MULLEN GROUP LTD 7,004 95,370 20,175NATIONAL BANK OF CANADA 16,051 698,720 613,352NEO PERFORMANCE MATERIALS INC 335 3,792 1,443NEW GOLD INC 28,900 106,517 14,822NEXGEN ENERGY LTD 5,382 13,080 4,084NFI GROUP INC 2,942 73,863 31,128NORTHVIEW APARTMENT REIT 84,451 1,578,454 1,942,548


Units Cost Market ValueNORTHWEST HEALTHCARE PPTYS 2,571 22,205 17,449NOVAGOLD RESOURCES INC 4,583 31,050 33,422PAN AMERICAN SILVER CORP 110,260 62,480 47,177PARAMOUNT RESOURCES LTD 6,365 60,543 5,053PAREX RESOURCES INC 2,218 32,859 18,544PASON SYSTEMS INC 4,067 65,549 17,858PEMBINA PIPELINE CORP 40,360 1,399,032 748,589PEYTO EXPLORATION & DEV CORP 9,248 167,729 9,681POWER CORP CANADA 32,378 807,485 515,009PRAIRIESKY ROYALTY LTD 22,170 333,441 115,729PRECISION DRILLING CORPORATION 16,296 80,187 5,038QUEBECOR INC 5,758 132,143 125,852RESTAURANT BRANDS INTL INC 759 42,050 30,241RIOCAN REIT 8,306 151,321 94,127RITCHIE BROS AUCTIONEERS INC 36,079 1,104,141 1,221,771ROGERS COMMUNICATIONS INC 27,609 1,341,854 1,139,391ROGERS SUGAR INC 11,075 42,712 34,158ROYAL BANK OF CANADA 28,487 2,026,227 1,744,625RUSSEL METALS INC 3,618 79,326 33,273SEVEN GENERATIONS ENERGY LTD 5,910 33,322 6,436SHAW COMMUNICATIONS INC 25,954 565,516 416,292SHAWCOR LTD 3,707 58,078 4,636SHOPIFY INC 1,729 611,068 716,235SMARTCENTRES REIT 3,502 86,486 46,354SNC-LAVALIN GROUP INC 5,564 101,141 81,153SSR MINING INC 3,768 57,495 42,489STANTEC INC 6,374 170,609 161,214STELCO HOLDINGS INC 1,410 19,716 4,111SUMMIT INDUSTRIAL INCOME REIT 2,446 20,302 15,243SUN LIFE FINANCIAL INC 17,812 652,543 566,515SUNCOR ENERGY INC 147,401 4,682,000 2,325,940SUPERIOR PLUS CORP 10,331 90,875 59,953SURGE ENERGY INC 9,437 32,065 1,425TC ENERGY CORP 80,442 2,725,750 3,535,074TECK RESOURCES LTD 25,178 457,647 188,744TELUS CORP 19,992 306,068 312,518TERANGA GOLD CORP 4,540 18,523 22,041TMX GROUP LTD 36,615 2,547,595 2,695,158TORC OIL & GAS LTD NEW 9,061 37,666 4,011TORONTO DOMINION BANK 123,630 6,502,786 5,196,742TOTAL ENERGY SERVICES INC 743 8,827 966TOURMALINE OIL CORP 13,014 180,228 78,997TRANSALTA CORP 7,553 49,651 39,056TRANSALTA RENEWABLES INC 46,243 407,908 483,109TRANSCONTINENTAL INC 5,165 78,136 45,323TRICON CAPITAL GROUP INC 16,155 133,660 78,201TURQUOISE HILL RESOURCES LTD 54,248 97,175 20,962UNI-SELECT INC 2,091 35,029 7,507VERMILION ENERGY INC 7,021 102,005 21,309WAJAX CORP 976 21,406 4,430WESTERN FOREST PRODUCTS INC 21,892 36,720 9,690WESTON (GEORGE) LTD 17,167 1,419,689 1,213,697WHEATON PRECIOUS METALS CORP 12,208 327,842 332,185WHITECAP RESOURCES INC 21,753 146,108 17,881WSP GLOBAL INC 57,396 2,406,769 3,222,741YAMANA GOLD INC 51,239 131,289 140,756

CAYMAN ISLANDSALIBABA GROUP HOLDING LTD 188,964 22,393,772 36,749,719BAIDU INC 39,579 7,513,781 3,989,167BEIGENE LTD 40,326 5,396,592 4,964,534ENDEAVOUR MINING CORPORATION 4,593 69,857 64,570HUTCHISON CHINA MEDITECH LTD 120,974 2,957,488 2,159,386HUYA INC 55,900 1,216,030 947,505NETEASE INC 8,881 2,575,201 2,850,446


Units Cost Market ValueNIO INC 507,373 3,176,155 1,410,497TAL EDUCATION GROUP 296,573 6,516,048 15,795,478TRIP.COM GROUP LTD 18,076 645,729 423,882

CHILEANTOFAGASTA PLC 23,103 237,141 220,024

CHINACHINA LONGYUAN POWER GROUP COR 8,958,867 6,200,037 4,900,876CHINA MERCHANTS BANK CO LTD 135,000 535,528 606,212CHINA OILFIELD SERVICES LTD 830,000 727,452 634,618CHINA TOWER CORP LTD 15,202,000 2,657,073 3,394,903ENN ENERGY HOLDINGS LTD 369,452 2,251,400 3,553,868KWG GROUP HOLDINGS LTD 4,037,695 3,514,783 5,711,346LONGFOR GROUP HOLDINGS LTD 523,000 813,277 2,531,527MEITUAN DIANPING 968,800 10,162,231 11,628,882MICROPORT SCIENTIFIC CORP 551,469 492,289 1,241,900PING AN INSURANCE GROUP CO OF 1,378,500 11,106,408 13,487,923TENCENT HOLDINGS LTD 727,200 27,227,894 35,467,879XINYI SOLAR HOLDINGS LTD 5,465,653 1,834,444 3,051,196YANGZIJIANG SHIPBUILDING HOLDI 138,600 118,190 80,831ZHUZHOU CRRC TIMES ELECTRIC CO 1,232,441 6,219,054 3,635,963

COLOMBIAFRONTERA ENERGY CORP 2,478 26,293 6,006

DENMARKALM BRAND A/S 1,452 11,858 10,554AMBU A/S 185,984 7,263,431 4,511,520AP MOLLER - MAERSK A/S 390 492,625 339,443BAVARIAN NORDIC A/S 1,269 26,122 20,284CHR HANSEN HOLDING A/S 56,601 3,215,424 4,226,996COLOPLAST A/S 1,419 194,735 205,493D/S NORDEN A/S 258 5,715 2,924DANSKE BANK A/S 30,579 975,039 344,985DFDS A/S 678 26,519 15,415DSV PANALPINA A/S 31,035 2,112,436 2,812,668FLSMIDTH & CO A/S 1,716 75,133 38,639GENMAB A/S 97,413 11,831,465 19,680,518H LUNDBECK A/S 9,532 354,097 282,330ISS A/S 8,649 203,994 118,659JYSKE BANK A/S 2,441 124,674 60,675MAERSK DRILLING A/S 1,100 94,211 20,901MATAS A/S 1,306 16,173 8,168NKT A/S 886 18,852 15,788NNIT A/S 1,255 17,914 15,758NOVO NORDISK A/S 210,476 7,940,413 12,637,036NOVOZYMES A/S 87,898 2,332,774 3,989,401ROCKWOOL INTERNATIONAL A/S 16,161 3,991,535 2,915,732SPAR NORD BANK A/S 63 604 386SYDBANK A/S 2,457 85,322 34,643TOPDANMARK A/S 839 42,512 33,739VESTAS WIND SYSTEMS A/S 62,032 4,609,648 5,026,024ZEALAND PHARMA A/S 499 15,673 17,123

FINLANDADAPTEO OYJ 2,105 26,858 18,021CARGOTEC OYJ 1,414 65,001 26,162CAVERION OYJ 3,195 26,117 14,866CITYCON OYJ 20 260 123ELISA OYJ 1,914 87,727 118,324FORTUM OYJ 18,182 286,605 265,966KEMIRA OYJ 5,022 62,795 48,513KESKO OYJ 3,216 148,464 181,637KONE OYJ 6,833 352,395 385,844KONECRANES OYJ 2,932 91,864 49,967METSA BOARD OYJ 9,434 43,883 51,247NESTE OYJ 25,752 845,889 867,790NOKIA OYJ 43,495 125,929 135,804


Units Cost Market ValueNOKIAN RENKAAT OYJ 294,756 8,936,435 7,116,295NORDEA BANK ABP 251,235 2,730,252 1,415,954ORION OYJ 5,060 196,456 206,505OUTOKUMPU OYJ 9,402 59,233 23,295SAMPO OYJ 37,994 1,800,024 1,105,618SANOMA OYJ 2,671 30,060 24,427STORA ENSO OYJ 52,937 672,385 534,532TIETOEVRY OYJ 3,269 98,486 70,729TOKMANNI GROUP CORP 2,093 18,419 20,852UPM-KYMMENE OYJ 39,301 1,013,891 1,077,683UPONOR OYJ 2,604 27,661 23,663YIT OYJ 4,698 38,575 20,776

FRANCEAIR LIQUIDE SA 99,443 7,108,794 12,681,009ALBIOMA SA 1,496 32,528 44,234ALD SA 7,734 106,438 67,657ALSTOM SA 36,110 1,590,391 1,503,487AMUNDI SA 3,309 190,160 194,832ARKEMA SA 7,809 776,899 537,260ATOS SE 6,075 502,353 408,968AXA SA 145,042 3,708,642 2,498,814BNP PARIBAS SA 80,794 5,042,119 2,423,077BOLLORE SA 150,563 635,040 412,620BONDUELLE SCA 774 20,526 15,952BOUYGUES SA 14,789 585,494 431,768CAPGEMINI SE 35,690 4,413,864 3,003,716CARREFOUR SA 80,294 1,834,525 1,265,574CASINO GUICHARD PERRACHON SA 7,316 344,574 280,659CELLECTIS SA 60,200 1,286,238 553,840CGG SA 11,586 30,633 10,532CHARGEURS SA 1,472 29,448 14,866CIE DE SAINT-GOBAIN 164,538 7,584,306 3,980,061CIE DES ALPES 1,946 56,745 33,537CIE GENERALE DES ETABLISSEMENT 11,765 1,333,721 1,041,784CIE PLASTIC OMNIUM SA 1,333 35,491 18,675CNP ASSURANCES 17,668 383,790 172,056COFACE SA 192,417 2,100,127 1,228,800COVIVIO 2,407 224,434 135,050CREDIT AGRICOLE SA 97,632 1,297,170 711,905DANONE SA 156,639 10,459,807 10,050,624DASSAULT SYSTEMES SE 1,757 238,993 259,223DERICHEBOURG SA 7,248 31,202 19,636EDENRED 3,512 133,268 146,236ELECTRICITE DE FRANCE SA 64,623 1,015,122 507,024ELIOR GROUP SA 7,893 113,872 51,898ELIS SA 11,711 230,128 110,526ERAMET 162 15,750 5,148ESSILORLUXOTTICA SA 68,850 6,798,911 7,390,170EUROPCAR MOBILITY GROUP 3,981 27,869 6,331EUTELSAT COMMUNICATIONS SA 92,142 1,886,536 959,871FAURECIA SE 1,360 53,172 40,499FFP 95 5,323 5,910GAZTRANSPORT ET TECHNIGAZ SA 27,783 2,185,126 2,030,241GECINA SA 35,929 5,675,586 4,741,894GETLINK SE 48,211 659,054 579,737GL EVENTS 1,358 36,829 20,032GROUPE CRIT 428 27,226 22,175HERMES INTERNATIONAL 5,997 2,708,999 4,120,679ICADE 1,986 166,481 156,609IMERYS SA 1,985 87,379 49,692INGENICO GROUP SA 11,499 1,118,746 1,215,885IPSEN SA 5,000 498,727 258,210IPSOS 2,688 82,625 56,609JCDECAUX SA 53,234 1,716,948 960,398


Units Cost Market ValueKAUFMAN & BROAD SA 1,219 51,927 37,622KERING SA 64,260 17,175,297 33,358,768KLEPIERRE SA 128,960 3,187,291 2,477,624KORIAN SA 55,616 2,043,367 1,719,775LAGARDERE SCA 4,473 126,004 56,221LECTRA 124,534 3,394,181 1,965,057LEGRAND SA 3,869 231,602 247,347LISI 41,863 1,844,109 767,220L'OREAL SA 103,855 17,864,100 27,120,838MANITOU BF SA 596 20,490 8,986MERCIALYS SA 4,461 83,476 32,347MERSEN SA 608 24,825 11,088METROPOLE TELEVISION SA 2,419 45,178 27,063NATIXIS SA 83,070 498,606 268,712NEXITY SA 19,895 940,285 609,790ORANGE SA 118,757 1,737,720 1,464,833ORPEA 53,364 6,232,507 5,559,895PEUGEOT SA 10,840 226,695 143,783PUBLICIS GROUPE SA 11,150 625,966 318,255QUADIENT 2,584 123,782 45,219RENAULT SA 21,593 1,686,922 417,195REXEL SA 9,030 155,222 66,944RUBIS SCA 189,998 11,934,551 7,900,943SANOFI 89,179 8,191,158 7,811,170SCHNEIDER ELECTRIC SE 37,903 3,125,110 3,246,676SCOR SE 6,753 297,152 148,030SOCIETE BIC SA 1,678 160,291 93,374SOCIETE GENERALE SA 55,920 2,568,644 935,888SODEXO SA 20,903 2,309,025 1,409,187SOLOCAL GROUP 29,547 24,932 7,395SOPRA STERIA GROUP 966 101,687 105,432SPIE SA 6,066 141,722 60,632SUEZ 23,751 331,390 240,751SYNERGIE SA 1,086 33,733 18,339TARKETT SA 1,521 37,801 14,281TELEPERFORMANCE 26,389 3,885,851 5,479,751TELEVISION FRANCAISE 1 2,609 45,281 14,198TOTAL SA 438,042 19,961,050 16,900,021UBISOFT ENTERTAINMENT SA 93,938 7,312,921 6,892,076UNIBAIL-RODAMCO-WESTFIELD 6,955 1,632,499 391,818VALLOUREC SA 15,631 155,870 17,580VEOLIA ENVIRONNEMENT SA 26,466 608,278 563,284VICAT SA 1,084 84,019 27,434VILMORIN & CIE SA 406 22,634 15,984VINCI SA 29,887 2,253,413 2,460,334VIVENDI SA 6,361 153,267 135,787

GEORGIABANK OF GEORGIA GROUP PLC 2,068 52,789 23,649

GERMANYAAREAL BANK AG 2,581 110,556 42,870ADIDAS AG 3,192 634,157 730,551ADO PROPERTIES SA 73,388 2,101,782 1,656,992AIXTRON SE 250,028 4,045,043 2,184,621ALLIANZ SE 22,436 4,461,100 3,847,740ALSTRIA OFFICE REIT-AG 6,900 86,496 98,045AMADEUS FIRE AG 159 14,521 13,526AURELIUS EQUITY OPPORTUNITIES 22,816 1,033,670 429,461AURUBIS AG 1,040 57,952 42,987BASF SE 280,981 23,959,314 13,511,238BAYER AG 57,450 5,815,909 3,355,053BAYERISCHE MOTOREN WERKE AG 174,713 11,147,619 9,125,455BAYERISCHE MOTOREN WERKE AG 4,784 325,067 208,229BAYWA AG 1,044 36,623 29,246BEIERSDORF AG 2,841 289,278 287,601


Units Cost Market ValueBERTRANDT AG 492 35,124 16,924BILFINGER SE 1,509 78,239 25,624BRENNTAG AG 29,726 1,407,526 1,117,283CANCOM SE 39,453 2,035,641 1,683,821COMMERZBANK AG 82,108 581,624 297,151CONTINENTAL AG 5,271 787,892 383,493COVESTRO AG 15,236 960,807 470,861DAIMLER AG 106,328 6,633,592 3,245,165DELIVERY HERO SE 167,503 7,317,718 12,636,714DEUTSCHE BANK AG 80,062 1,268,616 535,094DEUTSCHE BOERSE AG 23,811 3,136,284 3,254,119DEUTSCHE EUROSHOP AG 1,225 46,103 14,090DEUTSCHE LUFTHANSA AG 12,149 251,469 115,409DEUTSCHE PFANDBRIEFBANK AG 6,272 82,180 47,955DEUTSCHE POST AG 2,418 59,731 66,372DEUTSCHE TELEKOM AG 272,501 4,435,813 3,589,578DEUTSCHE WOHNEN SE 11,400 499,948 433,338DEUTZ AG 5,170 39,663 19,027DIC ASSET AG 1,762 22,578 18,243DRAEGERWERK AG & CO KGAA 199 18,118 14,677DRAEGERWERK AG & CO KGAA 303 21,544 29,476DUERR AG 36,924 2,079,964 759,397E.ON SE 267,818 2,698,642 2,802,085ELRINGKLINGER AG 1,226 28,601 5,255ENCAVIS AG 2,825 21,453 28,572EVONIK INDUSTRIES AG 9,822 337,582 208,645FIELMANN AG 59,464 4,170,689 3,479,340FRAPORT AG FRANKFURT AIRPORT S 2,105 182,460 84,997FREENET AG 5,886 174,158 104,830FRESENIUS MEDICAL CARE AG & CO 10,951 861,091 726,729FRESENIUS SE & CO KGAA 50,460 2,649,642 1,886,508FUCHS PETROLUB SE 157,593 6,377,311 5,570,978GERRESHEIMER AG 24,959 1,949,618 1,586,716GRENKE AG 45,543 3,966,536 2,705,923HAMBORNER REIT AG 618 7,096 5,483HAMBURGER HAFEN UND LOGISTIK A 257 7,573 3,578HANNOVER RUECK SE 3,044 369,467 442,775HEIDELBERGCEMENT AG 6,561 523,832 284,690HELLOFRESH SE 265,521 2,795,302 8,882,401HENKEL AG & CO KGAA 76,490 7,067,568 5,734,512HENKEL AG & CO KGAA 5,917 536,350 480,055HOCHTIEF AG 14,255 1,983,704 943,093HUGO BOSS AG 3,418 159,658 87,487INDUS HOLDING AG 1,466 86,179 38,290INFINEON TECHNOLOGIES AG 14,333 192,748 213,589INSTONE REAL ESTATE GROUP AG 71,814 1,777,621 1,140,872JOST WERKE AG 31,882 1,247,402 768,790K+S AG 8,993 157,882 53,038KION GROUP AG 3,226 216,722 140,980KLOECKNER & CO SE 4,666 26,283 17,088KRONES AG 811 57,047 43,750LEONI AG 1,293 77,685 8,404MERCK KGAA 2,139 195,796 220,662METRO AG 9,209 201,404 79,292MORPHOSYS AG 40,521 3,414,475 4,026,455MTU AERO ENGINES AG 37,716 4,159,994 5,497,189MUENCHENER RUECKVERSICHERUNGS- 18,416 4,401,154 3,703,621NEMETSCHEK SE 41,355 1,466,439 2,074,044NEW WORK SE 580 113,183 125,481NORMA GROUP SE 140,786 7,175,821 2,636,248PORSCHE AUTOMOBIL HOLDING SE 7,158 470,327 307,641PROSIEBENSAT.1 MEDIA SE 11,904 359,267 95,643RHOEN-KLINIKUM AG 906 31,586 17,671ROCKET INTERNET SE 146,233 5,492,041 2,979,083


Units Cost Market ValueSAF-HOLLAND SE 1,534 31,209 6,198SALZGITTER AG 1,901 73,901 22,465SAP SE 154,999 14,126,852 17,710,929SARTORIUS AG 33,270 3,770,042 8,089,882SIEMENS AG 84,851 10,009,342 7,265,576SIEMENS HEALTHINEERS AG 1,259 48,544 49,699SILTRONIC AG 405 33,731 30,195SIRIUS REAL ESTATE LTD 99,038 87,524 81,819SOFTWARE AG 1,732 63,505 51,813SUEDZUCKER AG 1,969 44,797 28,370SYMRISE AG 1,293 116,848 121,827TAG IMMOBILIEN AG 271,892 3,800,434 5,367,798TAKKT AG 2,337 55,071 18,084TEAMVIEWER AG 211,864 6,104,925 8,389,762TELEFONICA DEUTSCHLAND HOLDING 39,188 163,896 96,896THYSSENKRUPP AG 14,575 182,284 77,261TUI AG 23,096 296,667 103,256UNIPER SE 8,919 173,896 222,694VOLKSWAGEN AG 1,451 256,499 195,641VOLKSWAGEN AG 8,657 1,633,297 1,026,148VONOVIA SE 258,084 11,963,742 12,656,114VOSSLOH AG 371 25,257 12,985WACKER CHEMIE AG 786 55,626 39,803WACKER NEUSON SE 1,134 32,394 12,453WIRECARD AG 1,717 166,101 196,206ZALANDO SE 421,965 14,622,416 16,357,228

GLOBAL FUNDS GEOGRAPHIC FOCUSPOLLEN STREET SECURED LNDNG 7,545 85,226 65,415

GUERNSEY CIPICTON PROPERTY INCOME LTD/THE 26,188 32,562 28,823UK COMMERCIAL PROPERTY REIT LT 130,232 146,384 120,915

HONG KONGAIA GROUP LTD 4,101,400 24,244,107 36,906,237ASM PACIFIC TECHNOLOGY LTD 104,200 1,255,490 972,449BANK OF EAST ASIA LTD/THE 71,800 277,247 154,085BEIJING ENTERPRISES WATER GROU 9,827,020 6,095,387 3,807,084BOC HONG KONG HOLDINGS LTD 298,000 1,212,990 821,364CAFE DE CORAL HOLDINGS LTD 14,000 33,930 22,885CHAMPION REIT 185,000 117,800 111,423CHINA EVERBRIGHT INTERNATIONAL 4,855,000 4,364,244 2,774,461CHINA MOBILE LTD 1,145,500 11,406,938 8,656,186CHINA OVERSEAS LAND & INVESTME 2,001,840 6,019,410 6,179,016CHINA RESOURCES LAND LTD 1,174,899 3,232,885 4,821,310CITIC TELECOM INTERNATIONAL HO 22,000 6,629 7,274CITYCHAMP WATCH & JEWELLERY GR 250,000 52,424 53,148CK ASSET HOLDINGS LTD 215,124 1,714,357 1,170,605CK HUTCHISON HOLDINGS LTD 140,124 1,687,768 939,939CK INFRASTRUCTURE HOLDINGS LTD 36,000 305,527 190,722CLP HOLDINGS LTD 82,000 886,145 753,895COMBA TELECOM SYSTEMS HOLDINGS 112,000 25,920 44,776DAH SING FINANCIAL HOLDINGS LT 2,000 12,649 5,654DAIRY FARM INTERNATIONAL HOLDI 9,400 55,397 43,264ESR CAYMAN LTD 727,000 1,586,612 1,563,804FAIRWOOD HOLDINGS LTD 9,500 24,680 18,040FAR EAST CONSORTIUM INTERNATIO 66,618 42,169 23,959FIRST PACIFIC CO LTD 124,000 82,874 22,900GIORDANO INTERNATIONAL LTD 52,000 32,221 9,439HAITONG INTERNATIONAL SECURITI 64,000 36,414 16,283HANG LUNG GROUP LTD 45,000 171,381 94,602HANG LUNG PROPERTIES LTD 3,500,800 8,268,709 7,082,178HANG SENG BANK LTD 59,300 1,222,667 1,010,636HENDERSON LAND DEVELOPMENT CO 119,741 505,303 454,869HK ELECTRIC INVESTMENTS & HK E 158,000 142,059 151,783HKBN LTD 1,087,500 1,115,563 1,711,007


Units Cost Market ValueHKT TRUST & HKT LTD 174,580 240,349 237,074HONG KONG & CHINA GAS CO LTD 163,000 313,457 268,117HONG KONG EXCHANGES & CLEARING 283,998 6,667,320 8,530,844HONGKONG & SHANGHAI HOTELS LTD 31,500 42,340 25,080HONGKONG LAND HOLDINGS LTD 1,268,440 6,135,695 4,744,615HSIN CHONG GROUP HOLDINGS LTD 36,000 5,154 557HUTCHISON PORT HOLDINGS TRUST 269,300 99,728 27,353HYSAN DEVELOPMENT CO LTD 1,118,403 5,095,167 3,621,447JARDINE MATHESON HOLDINGS LTD 274,192 16,255,733 13,715,262JARDINE STRATEGIC HOLDINGS LTD 11,000 422,350 243,484JOHNSON ELECTRIC HOLDINGS LTD 870,275 3,107,499 1,363,170K WAH INTERNATIONAL HOLDINGS L 147,000 98,017 63,083KERRY PROPERTIES LTD 1,776,409 6,033,838 4,665,933LANGHAM HOSPITALITY INVESTMENT 17,500 8,464 3,119LI & FUNG LTD 336,000 230,697 44,028LIFESTYLE INTERNATIONAL HOLDIN 14,500 22,996 12,158LINK REIT 335,148 2,163,331 2,831,781MANDARIN ORIENTAL INTERNATIONA 16,700 29,428 21,386MTR CORP LTD 436,500 2,250,973 2,248,111NEW WORLD DEVELOPMENT CO LTD 5,732,382 7,031,711 6,141,777NEWOCEAN ENERGY HOLDINGS LTD 102,000 14,998 15,123NWS HOLDINGS LTD 63,865 121,828 65,379PACIFIC TEXTILES HOLDINGS LTD 61,000 76,585 29,229PCCW LTD 174,000 100,093 95,637POWER ASSETS HOLDINGS LTD 68,500 596,921 408,187PROSPERITY REIT 233,000 97,063 72,888REGAL HOTELS INTERNATIONAL HOL 20,000 15,152 7,948SA SA INTERNATIONAL HOLDINGS L 20,000 7,717 2,981SHANGRI-LA ASIA LTD 54,000 56,272 36,524SHUN TAK HOLDINGS LTD 74,000 27,526 25,169SINO LAND CO LTD 159,489 258,482 201,820SMARTONE TELECOMMUNICATIONS HO 15,500 18,486 9,086SUN HUNG KAI & CO LTD 23,000 14,715 8,642SUN HUNG KAI PROPERTIES LTD 141,000 2,050,187 1,851,760SUNCITY GROUP HOLDINGS LTD 70,000 16,429 10,408SUNLIGHT REAL ESTATE INVESTMEN 13,000 4,963 6,340SWIRE PACIFIC LTD 32,000 366,843 205,053SWIRE PROPERTIES LTD 46,400 145,651 130,213TELEVISION BROADCASTS LTD 677,200 2,826,621 838,933TEXWINCA HOLDINGS LTD 64,000 41,107 10,289VSTECS HOLDINGS LTD 28,000 15,069 13,038VTECH HOLDINGS LTD 10,100 94,446 72,867WHARF REAL ESTATE INVESTMENT C 60,000 399,490 245,910WHEELOCK & CO LTD 37,000 246,593 251,389XINYI GLASS HOLDINGS LTD 2,824,000 3,216,559 3,218,131YUE YUEN INDUSTRIAL HOLDINGS L 803,500 2,097,799 1,223,971

ICELANDMAREL HF 331,455 1,559,450 1,272,213

INDIAHDFC BANK LTD 79,029 3,932,005 3,039,455ICICI BANK LTD 116,400 1,115,764 989,400INFOSYS LTD 662,500 3,924,988 5,439,125STATE BANK OF INDIA 171,120 6,756,462 4,452,662

INDONESIABANK CENTRAL ASIA TBK PT 1,568,500 2,261,415 2,652,230

IRELANDAIB GROUP PLC 67,617 381,947 75,436BANK OF IRELAND GROUP PLC 81,041 622,523 152,319CAIRN HOMES PLC 21,611 28,616 15,965COSMO PHARMACEUTICALS NV 236 23,212 15,416CRH PLC 341,419 6,372,791 9,259,039DALATA HOTEL GROUP PLC 8,078 51,324 21,801EATON CORP PLC 44,542 3,002,052 3,460,468EXPERIAN PLC 32,012 760,308 889,613


Units Cost Market ValueGLANBIA PLC 191,127 3,198,986 2,065,457GRAFTON GROUP PLC 13,775 127,140 90,398GREENCORE GROUP PLC 30,703 88,201 62,638HIBERNIA REIT PLC 27,544 42,724 32,072IRISH RESIDENTIAL PROPERTIES R 19,672 35,033 26,302JAMES HARDIE INDUSTRIES PLC 69,009 854,742 800,892KERRY GROUP PLC 2,757 292,180 314,452KINGSPAN GROUP PLC 46,898 1,210,436 2,498,221ORIGIN ENTERPRISES PLC 17,206 129,542 37,640RYANAIR HOLDINGS PLC 60,700 3,809,784 3,222,563SMURFIT KAPPA GROUP PLC 12,331 444,273 345,923STERIS PLC 48,406 4,353,281 6,775,388UDG HEALTHCARE PLC 825,425 8,008,926 6,440,082

ISRAELAIRPORT CITY LTD 4,289 52,835 63,071ALONY HETZ PROPERTIES & INVEST 12,833 117,910 149,684AMOT INVESTMENTS LTD 23,861 124,802 141,511AZRIELI GROUP LTD 2,868 167,074 166,050BAYSIDE LAND CORP 130 66,916 76,143BIG SHOPPING CENTERS LTD 713 50,202 52,391BLUE SQUARE REAL ESTATE LTD 659 34,477 26,331CAESARSTONE LTD 1,970 30,835 20,823CHECK POINT SOFTWARE TECHNOLOG 12,985 1,169,034 1,305,512CLAL INSURANCE ENTERPRISES HOL 2,193 38,569 18,323CYBERARK SOFTWARE LTD 502 42,169 42,951DELEK AUTOMOTIVE SYSTEMS LTD 3,045 26,551 11,893DELEK GROUP LTD 412 103,408 10,894DELTA GALIL INDUSTRIES LTD 1,966 57,130 30,348ENLIGHT RENEWABLE ENERGY LTD 38,818 49,736 38,865FATTAL HOLDINGS 1998 LTD 886 141,899 30,457GAZIT-GLOBE LTD 8,114 77,706 62,368GILAT SATELLITE NETWORKS LTD 4,875 42,499 35,753HADERA PAPER LTD 458 29,826 16,839HAREL INSURANCE INVESTMENTS & 11,585 68,007 63,225ISRAEL CHEMICALS LTD 57,628 285,005 183,299MEHADRIN LTD 1 36 29MELISRON LTD 1,192 76,397 46,656MENORA MIVTACHIM HOLDINGS LTD 1,165 18,154 13,182MIGDAL INSURANCE & FINANCIAL H 33,398 38,800 17,414MIVNE REAL ESTATE KD LTD 0 1 1NAPHTHA ISRAEL PETROLEUM CORP 4,980 29,922 17,708NORSTAR HOLDINGS INC 813 12,495 8,936PARTNER COMMUNICATIONS CO LTD 5,179 31,132 19,348PAZ OIL CO LTD 1,130 186,192 95,236PHOENIX HOLDINGS LTD/THE 12,312 72,232 58,528PLUS500 LTD 3,998 50,567 53,438PROPERTY & BUILDING CORP LTD 383 35,525 23,982RADWARE LTD 3,985 77,708 83,964REIT 1 LTD 22,904 84,836 111,683TEVA PHARMACEUTICAL INDUSTRIES 97,730 2,500,055 877,615UROGEN PHARMA LTD 11,657 443,442 207,961WIX.COM LTD 95,716 6,652,749 9,650,087

ITALYA2A SPA 33,757 44,837 41,782ACEA SPA 3,220 50,515 50,931ANIMA HOLDING SPA 15,500 81,918 41,402ASCOPIAVE SPA 1,497 6,651 5,511ASSICURAZIONI GENERALI SPA 58,313 1,029,541 790,325ASTM SPA 3,115 90,372 54,440ATLANTIA SPA 33,290 871,198 415,145AZIMUT HOLDING SPA 4,880 70,267 70,073BANCA FARMAFACTORING SPA 266,497 1,585,071 1,377,495BANCA GENERALI SPA 2,261 57,446 47,187BANCA IFIS SPA 1,266 20,116 12,297


Units Cost Market ValueBANCA MEDIOLANUM SPA 8,079 58,210 41,003BANCA MONTE DEI PASCHI DI SIEN 9,728 47,611 12,012BANCA POPOLARE DI SONDRIO SCPA 14,351 49,472 21,598BANCO BPM SPA 42,207 138,313 55,203BPER BANCA 16,927 96,667 51,763BUZZI UNICEM SPA 347 5,261 3,243CAIRO COMMUNICATION SPA 6,991 32,464 12,046CIR SPA-COMPAGNIE INDUSTRIALI 27,022 16,798 12,363CREDITO EMILIANO SPA 3,021 15,108 12,670DANIELI & C OFFICINE MECCANICH 1,220 28,335 11,049DIASORIN SPA 19,194 1,747,330 2,534,584ENEL SPA 2,481,870 14,073,523 17,186,368ENI SPA 130,137 2,234,204 1,309,001ERG SPA 3,299 44,650 58,815FERRARI NV 225,233 12,326,074 34,827,783FINECOBANK BANCA FINECO SPA 8,838 91,269 79,904HERA SPA 38,252 102,156 136,689IMMOBILIARE GRANDE DISTRIBUZIO 1,531 17,087 6,282INTERPUMP GROUP SPA 54,835 1,871,158 1,316,422INTESA SANPAOLO SPA 1,110,914 2,751,623 1,804,005IREN SPA 29,073 63,409 71,553ITALGAS SPA 21,549 136,508 117,514ITALMOBILIARE SPA 637 15,968 16,634LA DORIA SPA 1,368 13,368 13,105MARR SPA 2,141 46,056 30,135MEDIASET SPA 13,624 41,954 29,150MEDIOBANCA BANCA DI CREDITO FI 26,956 228,529 147,848OVS SPA 9,910 58,278 8,531PIAGGIO & C SPA 1,733 5,411 3,085PIRELLI & C SPA 11,482 68,273 40,891POSTE ITALIANE SPA 21,369 180,691 180,087PRYSMIAN SPA 10,910 192,121 173,824RAI WAY SPA 2,204 14,486 11,854REPLY SPA 44,693 3,146,615 2,720,077SALINI IMPREGILO SPA 4,868 18,656 6,198SALVATORE FERRAGAMO SPA 2,624 51,218 34,686SARAS SPA 22,590 44,765 20,973SNAM SPA 527,845 2,719,811 2,425,433SOCIETA CATTOLICA DI ASSICURAZ 4,951 43,107 24,429TELECOM ITALIA SPA/MILANO 673,568 572,140 271,675TERNA RETE ELETTRICA NAZIONALE 312,604 1,940,893 1,970,831TOD'S SPA 693 65,843 23,117UNICREDIT SPA 153,133 2,523,572 1,192,847UNIONE DI BANCHE ITALIANE SPA 45,585 202,436 119,602UNIPOL GRUPPO SPA 13,697 55,541 46,861ZIGNAGO VETRO SPA 1,010 14,936 12,049

JAPAN77 BANK LTD/THE 2,600 58,741 33,504ACTIVIA PROPERTIES INC 35 148,042 111,687ADEKA CORP 3,800 54,427 47,386ADVAN CO LTD 700 6,488 7,034ADVANCE RESIDENCE INVESTMENT C 34 91,456 98,497ADVANTEST CORP 1,000 36,191 39,945AEON CO LTD 1,800 35,773 39,848AEON DELIGHT CO LTD 113,317 3,882,000 3,458,197AEON FINANCIAL SERVICE CO LTD 8,000 142,521 85,231AEON MALL CO LTD 2,700 40,134 33,919AEON REIT INVESTMENT CORP 64 71,065 61,052AGC INC/JAPAN 9,000 330,027 220,317AICHI CORP 1,000 7,123 6,319AICHI STEEL CORP 400 16,065 11,611AIDA ENGINEERING LTD 2,800 33,061 17,851AIN HOLDINGS INC 30,100 1,695,477 1,766,018AIR WATER INC 74,211 1,410,627 1,017,079


Units Cost Market ValueAISAN INDUSTRY CO LTD 700 8,002 3,258AISIN SEIKI CO LTD 14,300 574,217 350,736ALPS ALPINE CO LTD 21,100 455,519 203,645ALTECH CORP 900 14,581 12,077AMADA CO LTD 16,500 172,310 129,738AMANO CORP 86,140 2,319,244 1,896,010ANICOM HOLDINGS INC 24,326 855,420 804,469AOKI HOLDINGS INC 800 12,184 5,359AOMORI BANK LTD/THE 400 12,816 9,655AOYAMA TRADING CO LTD 2,200 71,153 18,824AOZORA BANK LTD 6,300 221,946 119,642ARATA CORP 800 28,127 34,164ARCS CO LTD 3,100 65,144 55,726ARIAKE JAPAN CO LTD 49,895 3,647,572 3,123,104AS ONE CORP 51,581 2,837,029 4,533,190ASAHI DIAMOND INDUSTRIAL CO LT 2,100 22,070 8,973ASAHI HOLDINGS INC 1,800 32,825 37,585ASAHI INTECC CO LTD 59,000 890,076 1,454,725ASAHI KASEI CORP 338,200 3,148,631 2,380,808ASTELLAS PHARMA INC 54,000 773,159 832,599AUTOBACS SEVEN CO LTD 2,300 36,055 26,445AVEX INC 2,400 35,517 18,840AWA BANK LTD/THE 1,900 60,383 40,013BANDAI NAMCO HOLDINGS INC 29,300 1,637,942 1,416,363BANK OF IWATE LTD/THE 200 8,009 4,941BANK OF KYOTO LTD/THE 2,600 113,957 82,408BANK OF SAGA LTD/THE 300 6,837 3,175BANK OF THE RYUKYUS LTD 1,200 13,720 11,747BELL SYSTEM24 HOLDINGS INC 2,200 32,728 22,800BRIDGESTONE CORP 28,400 1,109,345 870,478BROTHER INDUSTRIES LTD 13,900 276,418 211,619BUNKA SHUTTER CO LTD 2,900 30,195 21,032CANON ELECTRONICS INC 2,700 49,193 39,694CANON INC 298,900 9,913,237 6,502,100CANON MARKETING JAPAN INC 3,300 63,323 64,937CASIO COMPUTER CO LTD 6,300 119,226 88,024CENTRAL GLASS CO LTD 1,700 33,354 29,487CENTRAL JAPAN RAILWAY CO 9,700 1,566,526 1,548,745CHIBA BANK LTD/THE 30,700 203,611 133,767CHIYODA CO LTD 900 21,680 9,665CHOFU SEISAKUSHO CO LTD 400 9,079 9,400CHUBU ELECTRIC POWER CO INC 31,200 418,037 438,093CHUBU SHIRYO CO LTD 1,600 22,221 21,321CHUDENKO CORP 1,400 33,530 28,471CHUGOKU BANK LTD/THE 5,500 79,537 48,846CHUGOKU ELECTRIC POWER CO INC/ 11,400 141,154 158,982CITIZEN WATCH CO LTD 19,000 121,758 67,129COCA-COLA BOTTLERS JAPAN HOLDI 10,500 293,109 214,831COMTURE CORP 94,753 1,969,162 1,918,394CONCORDIA FINANCIAL GROUP LTD 55,400 280,287 160,731CONEXIO CORP 500 9,764 6,209COOKPAD INC 5,100 18,424 14,099CORONA CORP 400 4,345 3,546COSMO ENERGY HOLDINGS CO LTD 3,000 50,179 41,991CREDIT SAISON CO LTD 8,500 122,800 98,313CYBERAGENT INC 63,500 2,699,484 2,454,381DAI NIPPON PRINTING CO LTD 12,300 264,766 260,932DAIBIRU CORP 2,100 23,598 17,260DAICEL CORP 13,700 159,678 99,630DAIDO METAL CO LTD 1,300 11,665 6,428DAIDO STEEL CO LTD 1,100 51,813 35,254DAIFUKU CO LTD 11,600 623,437 732,252DAIHO CORP 700 18,143 14,608DAIICHI JITSUGYO CO LTD 400 12,137 12,701


Units Cost Market ValueDAI-ICHI LIFE HOLDINGS INC 76,800 1,350,524 915,437DAIICHI SANKYO CO LTD 42,500 2,221,903 2,912,421DAIICHIKOSHO CO LTD 1,600 61,901 42,483DAIKEN CORP 500 12,861 7,814DAIKIN INDUSTRIES LTD 33,230 3,322,383 4,036,127DAINICHISEIKA COLOR & CHEMICAL 1,100 41,235 23,943DAISEKI CO LTD 74,255 1,973,800 1,572,470DAISHI HOKUETSU FINANCIAL GROU 2,000 79,549 43,565DAIWA HOUSE INDUSTRY CO LTD 168,900 4,059,887 4,166,462DAIWA HOUSE REIT INVESTMENT CO 91 225,946 221,442DAIWA OFFICE INVESTMENT CORP 7 35,821 38,533DAIWA SECURITIES GROUP INC 73,900 513,230 285,504DAIWA SECURITIES LIVING INVEST 60 43,238 50,479DAIWABO HOLDINGS CO LTD 400 11,672 19,130DCM HOLDINGS CO LTD 2,800 25,002 25,812DENA CO LTD 4,300 94,800 46,912DENKA CO LTD 5,100 143,471 106,905DENKI KOGYO CO LTD 700 19,659 16,073DENSO CORP 321,700 12,156,161 10,350,215DENTSU GROUP INC 11,100 458,765 213,156DESCENTE LTD 1,300 19,131 15,194DEXERIALS CORP 3,800 40,074 24,435DIC CORP 5,000 169,297 110,103DIGITAL ARTS INC 18,600 840,184 800,408DISCO CORP 2,200 331,128 432,435DMG MORI CO LTD 5,300 72,013 43,984DOSHISHA CO LTD 1,100 22,661 12,999DOWA HOLDINGS CO LTD 1,700 59,157 44,326DTS CORP 1,000 14,900 17,331DUSKIN CO LTD 3,200 82,336 83,963EAGLE INDUSTRY CO LTD 700 12,681 4,373EAST JAPAN RAILWAY CO 13,000 983,585 981,147EBARA CORP 4,500 112,969 85,211EDION CORP 1,800 17,393 14,852EIZO CORP 1,400 54,809 40,682ELECTRIC POWER DEVELOPMENT CO 8,300 217,431 166,898ELEMATEC CORP 600 7,065 4,258EN-JAPAN INC 81,000 3,564,808 1,506,709EPS HOLDINGS INC 168,868 2,896,157 1,757,846ESPEC CORP 1,300 24,127 19,663EXEDY CORP 1,500 41,736 22,122EZAKI GLICO CO LTD 1,500 70,005 62,679FAMILYMART CO LTD 6,000 120,408 107,002FAN COMMUNICATIONS INC 3,300 15,522 12,585FANUC CORP 26,600 3,954,631 3,592,810FAST RETAILING CO LTD 800 317,900 325,590FCC CO LTD 45,500 983,793 662,058FINANCIAL PRODUCTS GROUP CO LT 1,100 14,795 5,527FOSTER ELECTRIC CO LTD 700 17,139 7,162FRANCE BED HOLDINGS CO LTD 499 4,682 4,205FRONTIER REAL ESTATE INVESTMEN 17 77,670 47,616FUJI CORP/AICHI 800 11,076 12,175FUJI ELECTRIC CO LTD 15,900 486,518 358,261FUJI SEAL INTERNATIONAL INC 198,641 5,655,031 3,504,796FUJIBO HOLDINGS INC 900 20,519 23,821FUJIFILM HOLDINGS CORP 2,600 109,433 129,985FUJIKURA LTD 7,200 31,124 20,752FUJIMI INC 1,400 32,070 34,701FUJIMORI KOGYO CO LTD 1,400 45,198 37,774FUJITEC CO LTD 1,900 26,364 24,388FUJITSU GENERAL LTD 166,040 3,577,584 2,987,879FUJITSU LTD 16,700 1,544,432 1,500,990FUKUDA CORP 500 23,827 19,527FUKUOKA FINANCIAL GROUP INC 8,448 194,227 111,412


Units Cost Market ValueFUKUOKA REIT CORP 20 31,043 20,600FUKUYAMA TRANSPORTING CO LTD 1,300 41,493 46,345FURUKAWA CO LTD 700 13,982 6,840FURUKAWA ELECTRIC CO LTD 2,800 81,760 50,666FUYO GENERAL LEASE CO LTD 600 29,963 30,295GLORY LTD 1,800 64,189 41,314GLP J-REIT 159 167,567 178,128GMO PAYMENT GATEWAY INC 66,300 4,339,579 4,633,571GOLDCREST CO LTD 200 4,883 2,996GREE INC 12,600 88,504 48,459GS YUASA CORP 2,600 53,686 34,785G-TEKT CORP 1,100 15,416 11,213GUNGHO ONLINE ENTERTAINMENT IN 2,800 61,590 39,042GUNMA BANK LTD/THE 19,000 108,744 57,467GUNZE LTD 900 39,081 30,152GURUNAVI INC 1,100 6,139 5,620H2O RETAILING CORP 2,600 44,919 18,962HACHIJUNI BANK LTD/THE 18,500 97,782 66,758HAMAMATSU PHOTONICS KK 221,800 5,494,126 9,042,487HANKYU HANSHIN HOLDINGS INC 6,600 216,415 221,353HANKYU HANSHIN REIT INC 2 2,720 2,153HANWA CO LTD 1,300 45,388 20,142HASEKO CORP 8,600 87,568 91,798HAZAMA ANDO CORP 9,000 59,645 57,167HEIWA REAL ESTATE CO LTD 1,500 27,282 38,706HEIWA REAL ESTATE REIT INC 9 6,706 8,317HEIWADO CO LTD 2,100 39,791 36,682HINO MOTORS LTD 13,900 112,589 74,411HIROSE ELECTRIC CO LTD 14,115 1,207,471 1,458,164HIROSHIMA BANK LTD/THE 16,700 149,364 69,435HISAMITSU PHARMACEUTICAL CO IN 2,100 106,453 97,522HITACHI CAPITAL CORP 5,600 128,997 105,100HITACHI CHEMICAL CO LTD 13,900 217,301 590,190HITACHI CONSTRUCTION MACHINERY 5,400 127,068 108,780HITACHI LTD 20,800 584,346 603,073HITACHI METALS LTD 10,500 136,203 110,124HITACHI ZOSEN CORP 6,200 29,709 19,883HOGY MEDICAL CO LTD 1,300 43,122 40,433HOKKAIDO ELECTRIC POWER CO INC 4,100 22,577 17,704HOKKOKU BANK LTD/THE 1,200 49,466 37,322HOKUETSU CORP 9,500 62,245 35,410HOKUHOKU FINANCIAL GROUP INC 5,400 92,451 48,181HOKURIKU ELECTRIC POWER CO 5,400 38,422 37,754HOKUTO CORP 2,300 40,480 39,960HONDA MOTOR CO LTD 482,200 13,198,184 10,801,348HORIBA LTD 79,762 3,491,139 3,951,247HOSHINO RESORTS REIT INC 9 49,308 27,469HOSHIZAKI CORP 0 0 0HOSIDEN CORP 1,500 14,585 10,443HOSOKAWA MICRON CORP 500 22,770 22,060HOYA CORP 9,500 586,077 804,841HULIC REIT INC 53 86,215 60,634HYAKUGO BANK LTD/THE 12,400 49,010 34,557HYAKUJUSHI BANK LTD/THE 800 24,379 14,479ICHIBANYA CO LTD 900 42,663 36,988ICHIGO OFFICE REIT INVESTMENT 9 6,659 6,143ICHIYOSHI SECURITIES CO LTD 1,200 17,331 4,930IDEMITSU KOSAN CO LTD 16,523 472,399 377,290IIDA GROUP HOLDINGS CO LTD 8,100 136,993 111,759IINO KAIUN KAISHA LTD 9,100 41,705 25,995INABA DENKI SANGYO CO LTD 1,600 28,818 33,984INABATA & CO LTD 1,500 21,566 16,329INDUSTRIAL & INFRASTRUCTURE FU 60 69,684 80,887INFOMART CORP 285,000 1,414,802 1,867,825


Units Cost Market ValueINPEX CORP 145,000 1,477,358 811,809INVESCO OFFICE J-REIT INC 78 9,739 10,169INVINCIBLE INVESTMENT CORP 297 128,422 66,057ISETAN MITSUKOSHI HOLDINGS LTD 16,800 167,247 97,549ISHIHARA SANGYO KAISHA LTD 1,700 18,377 8,639ISUZU MOTORS LTD 27,200 339,455 179,325ITOCHU CORP 82,400 1,385,918 1,702,832ITOCHU ENEX CO LTD 1,700 17,094 13,248ITOCHU TECHNO-SOLUTIONS CORP 11,300 307,681 321,051IYO BANK LTD/THE 12,700 103,445 64,097J FRONT RETAILING CO LTD 66,800 836,693 552,715J TRUST CO LTD 4,300 24,193 8,876JACCS CO LTD 1,300 29,653 21,945JAFCO CO LTD 2,100 80,053 54,521JAMCO CORP 6,300 85,318 40,661JAPAN AIRLINES CO LTD 6,800 210,394 124,637JAPAN EXCELLENT INC 24 28,488 27,495JAPAN EXCHANGE GROUP INC 8,700 150,925 153,113JAPAN HOTEL REIT INVESTMENT CO 217 158,380 62,625JAPAN LOGISTICS FUND INC 34 73,681 75,295JAPAN PETROLEUM EXPLORATION CO 1,000 26,872 16,349JAPAN POST BANK CO LTD 38,600 428,630 355,225JAPAN POST HOLDINGS CO LTD 135,700 1,461,173 1,058,918JAPAN POST INSURANCE CO LTD 10,600 184,912 130,970

JAPAN PRIME REALTY INVESTMENT 20 73,067 59,827

JAPAN PULP & PAPER CO LTD 200 5,999 6,924

JAPAN REAL ESTATE INVESTMENT C 42 215,052 245,242

JAPAN RETAIL FUND INVESTMENT C 119 229,702 133,839

JAPAN SECURITIES FINANCE CO LT 800 5,685 3,641

JAPAN WOOL TEXTILE CO LTD/THE 4,000 30,689 34,621

JFE HOLDINGS INC 34,400 557,950 223,005

JGC HOLDINGS CORP 9,300 138,993 74,301

J-OIL MILLS INC 200 5,973 8,442

JOSHIN DENKI CO LTD 300 11,757 5,753

JSP CORP 1,100 23,429 14,171

JSR CORP 32,600 563,943 598,128

JTEKT CORP 6,300 106,072 42,609

JUROKU BANK LTD/THE 2,200 58,319 38,270

KAGA ELECTRONICS CO LTD 1,500 21,684 23,502

KAJIMA CORP 20,800 312,969 212,614

KAKAKU.COM INC 4,300 76,519 78,598

KAMIGUMI CO LTD 5,600 103,300 94,356

KANAMOTO CO LTD 1,500 47,810 29,074

KANDENKO CO LTD 3,000 29,628 23,838

KANEKA CORP 2,300 74,232 54,867

KANEMATSU CORP 2,500 28,841 25,574

KANSAI ELECTRIC POWER CO INC/T 35,100 431,280 389,969

KANSAI MIRAI FINANCIAL GROUP I 4,200 27,534 15,037

KANSAI PAINT CO LTD 55,000 1,219,352 1,044,570

KAO CORP 1,600 123,768 130,485

KAWASAKI KISEN KAISHA LTD 1,600 32,018 11,941

KDDI CORP 154,800 3,838,874 4,557,365

KEIHIN CORP 1,700 30,818 39,771

KEIYO BANK LTD/THE 8,100 69,321 39,911

KENEDIX OFFICE INVESTMENT CORP 15 99,640 78,245

KENEDIX RESIDENTIAL NEXT INVES 29 40,358 44,962


Units Cost Market ValueKENEDIX RETAIL REIT CORP 23 49,055 32,326

KEYENCE CORP 36,648 3,713,823 11,779,768

KIKKOMAN CORP 12,500 652,496 530,132

KINDEN CORP 5,600 71,762 82,402

KISSEI PHARMACEUTICAL CO LTD 1,900 49,462 48,734

KITZ CORP 3,400 26,750 20,470

KIYO BANK LTD/THE 3,200 48,874 47,138

KOATSU GAS KOGYO CO LTD 1,000 8,233 6,666

KOBE STEEL LTD 14,900 127,292 45,814

KOHNAN SHOJI CO LTD 400 8,365 8,074

KOMATSU LTD 299,700 5,918,665 4,911,651

KOMERI CO LTD 300 8,306 5,362

KOMORI CORP 2,000 28,992 13,605

KONICA MINOLTA INC 24,400 236,230 98,682

KOSE CORP 2,300 343,037 282,432

K'S HOLDINGS CORP 8,500 72,760 80,297

KUBOTA CORP 486,400 7,787,758 6,196,967

KUMAGAI GUMI CO LTD 1,600 43,822 36,832

KUMIAI CHEMICAL INDUSTRY CO LT 3,400 26,484 26,022

KURABO INDUSTRIES LTD 700 16,743 16,713

KURARAY CO LTD 17,000 261,023 171,122

KUREHA CORP 1,000 50,105 40,563

KYB CORP 500 27,523 9,520

KYOCERA CORP 10,700 557,419 632,010

KYOEI STEEL LTD 900 16,169 10,337

KYOKUTO KAIHATSU KOGYO CO LTD 400 4,959 4,367

KYORIN HOLDINGS INC 3,300 64,745 66,707

KYOWA EXEO CORP 2,900 53,318 64,378

KYUDENKO CORP 236,390 7,968,526 6,372,843

KYUSHU ELECTRIC POWER CO INC 39,400 323,212 316,138

KYUSHU FINANCIAL GROUP INC 18,700 119,569 71,238

KYUSHU RAILWAY CO 8,600 285,684 246,318

LASALLE LOGIPORT REIT 31 31,280 41,627

LAWSON INC 0 0 0

LINTEC CORP 5,200 110,883 109,156

LION CORP 22,200 411,447 474,388

LIXIL GROUP CORP 12,200 301,829 151,103

LIXIL VIVA CORP 700 11,138 11,852

M3 INC 927,500 4,019,911 27,299,993

MACNICA FUJI ELECTRONICS HOLDI 2,800 32,551 34,614

MAEDA CORP 6,300 51,377 46,303

MAEDA ROAD CONSTRUCTION CO LTD 600 11,531 11,143

MAKINO MILLING MACHINE CO LTD 1,100 51,157 28,858

MAKITA CORP 5,500 182,807 167,970

MANDOM CORP 1,400 38,369 26,772

MARUBENI CORP 76,800 505,634 381,370

MARUDAI FOOD CO LTD 1,200 21,217 21,667

MARUI GROUP CO LTD 8,300 132,093 138,772

MARUICHI STEEL TUBE LTD 2,300 68,037 55,180

MATSUDA SANGYO CO LTD 500 8,357 5,851

MATSUI SECURITIES CO LTD 3,100 27,235 22,671

MATSUMOTOKIYOSHI HOLDINGS CO L 50,000 1,681,191 1,825,221


Units Cost Market ValueMAXELL HOLDINGS LTD 3,600 50,483 35,276

MAZDA MOTOR CORP 30,300 454,079 159,667

MCUBS MIDCITY INVESTMENT CORP 32 20,376 22,539

MEBUKI FINANCIAL GROUP INC 51,560 179,420 104,716

MEDIPAL HOLDINGS CORP 8,600 140,377 160,086

MEIDENSHA CORP 2,100 36,574 31,371

MEIJI HOLDINGS CO LTD 22,600 1,534,961 1,603,746

MEIKO NETWORK JAPAN CO LTD 1,800 21,734 12,655

MELCO HOLDINGS INC 900 30,615 18,119

MIRACA HOLDINGS INC 2,900 85,724 60,941MIRAIT HOLDINGS CORP 3,400 37,936 42,232MISUMI GROUP INC 98,100 1,284,245 2,130,723MITSUBA CORP 1,000 13,692 3,848MITSUBISHI CHEMICAL HOLDINGS C 67,600 639,090 400,602MITSUBISHI CORP 42,800 891,148 904,798MITSUBISHI ELECTRIC CORP 96,200 1,274,424 1,182,540MITSUBISHI ESTATE CO LTD 9,900 132,481 145,363MITSUBISHI ESTATE LOGISTICS RE 1 3,477 3,274MITSUBISHI GAS CHEMICAL CO INC 18,500 377,914 200,152MITSUBISHI HEAVY INDUSTRIES LT 15,600 651,147 392,982MITSUBISHI LOGISTICS CORP 2,500 72,156 50,230MITSUBISHI MATERIALS CORP 3,600 116,260 73,491MITSUBISHI MOTORS CORP 95,400 523,154 269,068MITSUBISHI PENCIL CO LTD 1,300 23,518 17,058MITSUBISHI RESEARCH INSTITUTE 700 26,379 21,222MITSUBISHI UFJ FINANCIAL GROUP 899,900 5,412,563 3,343,833MITSUBISHI UFJ LEASE & FINANCE 19,100 107,722 93,552MITSUI & CO LTD 112,700 1,570,175 1,563,673MITSUI CHEMICALS INC 10,300 275,657 194,691MITSUI E&S HOLDINGS CO LTD 3,100 50,768 14,862MITSUI FUDOSAN CO LTD 360,500 9,971,831 6,210,390MITSUI FUDOSAN LOGISTICS PARK 924 4,242,992 3,887,890MITSUI MINING & SMELTING CO LT 2,200 69,307 36,571MITSUI OSK LINES LTD 3,300 76,754 53,012MITSUI SUGAR CO LTD 2,100 47,131 40,289MIURA CO LTD 32,100 953,081 1,141,512MIXI INC 3,300 110,022 47,752MIZUHO FINANCIAL GROUP INC 1,632,500 2,735,876 1,860,909MIZUHO LEASING CO LTD 900 23,587 17,457MIZUNO CORP 300 7,817 5,171MOCHIDA PHARMACEUTICAL CO LTD 900 36,681 34,635MODEC INC 700 15,956 8,424MONEX GROUP INC 6,100 22,027 9,600MORI HILLS REIT INVESTMENT COR 48 64,059 63,462MORI TRUST SOGO REIT INC 38 61,297 45,706MS&AD INSURANCE GROUP HOLDINGS 24,600 781,246 686,283MTI LTD 4,300 22,764 21,650MURATA MANUFACTURING CO LTD 18,900 935,907 952,812MUSASHI SEIMITSU INDUSTRY CO L 77,700 1,112,284 592,387MUSASHINO BANK LTD/THE 1,000 25,588 12,686NABTESCO CORP 50,900 1,379,923 1,169,426NACHI-FUJIKOSHI CORP 600 35,879 16,129NAGAILEBEN CO LTD 600 13,724 14,736NAGASE & CO LTD 7,500 110,195 88,489NANTO BANK LTD/THE 1,700 69,043 34,954NEC CAPITAL SOLUTIONS LTD 200 5,576 3,389NEC CORP 16,900 604,092 614,164NEC NETWORKS & SYSTEM INTEGRAT 1,400 31,267 56,545NGK INSULATORS LTD 8,200 121,562 107,060NGK SPARK PLUG CO LTD 8,400 148,803 117,765NH FOODS LTD 2,800 103,834 97,190NHK SPRING CO LTD 9,400 105,924 61,249


Units Cost Market ValueNICHIAS CORP 3,000 58,551 55,975NICHI-IKO PHARMACEUTICAL CO LT 3,400 40,457 44,746NIDEC CORP 221,400 11,740,543 11,438,552NIFCO INC/JAPAN 127,700 3,567,127 2,281,861NIHON KOHDEN CORP 200,600 4,433,259 7,523,147NIHON M&A CENTER INC 92,500 2,197,494 2,519,364NIHON NOHYAKU CO LTD 4,900 30,349 18,903NIKKISO CO LTD 2,300 28,901 17,060NIKKON HOLDINGS CO LTD 3,000 65,109 58,525NIKON CORP 17,300 245,809 159,170NINTENDO CO LTD 5,700 1,760,366 2,189,698NIPPON ACCOMMODATIONS FUND INC 11 45,545 59,322NIPPON BEET SUGAR MANUFACTURIN 1,100 18,847 17,477NIPPON BUILDING FUND INC 34 182,658 227,531NIPPON ELECTRIC GLASS CO LTD 4,500 131,918 60,042NIPPON EXPRESS CO LTD 19,700 1,215,417 960,849NIPPON FLOUR MILLS CO LTD 3,900 46,845 60,817NIPPON GAS CO LTD 111,035 3,629,481 3,680,324NIPPON KAYAKU CO LTD 7,900 96,568 72,416NIPPON LIGHT METAL HOLDINGS CO 21,100 48,384 32,851NIPPON PAINT HOLDINGS CO LTD 23,100 801,187 1,212,899NIPPON PAPER INDUSTRIES CO LTD 4,400 81,122 62,488NIPPON PROLOGIS REIT INC 517 1,351,417 1,297,289NIPPON REIT INVESTMENT CORP 9 40,848 26,425NIPPON ROAD CO LTD/THE 100 5,262 6,343NIPPON SEIKI CO LTD 1,800 37,968 19,114NIPPON SHOKUBAI CO LTD 1,600 104,248 73,054NIPPON SIGNAL COMPANY LTD 2,300 23,230 22,360NIPPON SODA CO LTD 2,000 54,264 49,706NIPPON STEEL CORP 39,691 925,322 338,611NIPPON STEEL TRADING CORP 500 23,688 16,835NIPPON TELEGRAPH & TELEPHONE C 160,300 3,438,654 3,788,802NIPPON THOMPSON CO LTD 900 4,395 3,059NIPPON YUSEN KK 5,300 103,883 62,755NISHIMATSU CONSTRUCTION CO LTD 2,600 64,038 49,659NISHIMATSUYA CHAIN CO LTD 1,900 16,968 13,062NISHIMOTO CO LTD 400 13,864 7,439NISHI-NIPPON FINANCIAL HOLDING 5,800 61,643 32,602NISHIO RENT ALL CO LTD 1,000 28,378 20,912NISSAN CHEMICAL CORP 9,200 458,528 333,731NISSAN MOTOR CO LTD 152,000 1,289,173 499,807NISSHA CO LTD 2,200 20,914 14,530NISSHIN OILLIO GROUP LTD/THE 1,200 39,652 40,657NISSHIN SEIFUN GROUP INC 5,800 76,743 96,426NISSHINBO HOLDINGS INC 6,000 59,570 39,822NISSIN CORP 300 8,298 4,428NISSIN FOODS HOLDINGS CO LTD 21,000 1,335,693 1,745,736NISSIN KOGYO CO LTD 1,800 35,612 36,758NITORI HOLDINGS CO LTD 20,900 2,849,569 2,813,807NITTETSU MINING CO LTD 100 5,136 3,907NITTO BOSEKI CO LTD 400 14,322 17,596NITTO DENKO CORP 173,600 9,566,644 7,718,627NITTO KOGYO CORP 300 4,625 4,780NOJIMA CORP 700 14,390 11,515NOK CORP 2,800 54,667 30,759NOMURA HOLDINGS INC 198,400 1,104,261 837,123NOMURA REAL ESTATE HOLDINGS IN 6,400 124,207 103,397NOMURA REAL ESTATE MASTER FUND 192 272,662 241,327NOMURA RESEARCH INSTITUTE LTD 34,000 567,935 715,534NORITAKE CO LTD/NAGOYA JAPAN 200 9,397 6,345NORTH PACIFIC BANK LTD 20,100 75,104 37,829NS UNITED KAIUN KAISHA LTD 400 9,520 5,117NSK LTD 30,700 276,990 196,143NTN CORP 16,100 42,785 27,988


Units Cost Market ValueNTT DOCOMO INC 72,300 1,889,025 2,263,710OBAYASHI CORP 328,400 3,209,977 2,801,950OBIC CO LTD 23,900 2,590,549 3,109,777ODAKYU ELECTRIC RAILWAY CO LTD 6,000 123,378 131,361OGAKI KYORITSU BANK LTD/THE 900 25,671 18,052OILES CORP 960 18,818 12,115OJI HOLDINGS CORP 42,000 235,680 224,328OKABE CO LTD 1,500 14,783 10,008OKAMURA CORP 4,100 39,660 32,724OKASAN SECURITIES GROUP INC 6,300 43,631 19,873OKI ELECTRIC INDUSTRY CO LTD 3,100 49,109 28,977OKINAWA ELECTRIC POWER CO INC/ 1,912 32,246 35,119OKUMURA CORP 1,600 52,140 33,193OKUWA CO LTD 1,100 10,230 17,632OLYMPUS CORP 40,000 673,716 574,998OMRON CORP 176,400 4,182,739 9,140,384ONO PHARMACEUTICAL CO LTD 67,300 1,498,082 1,542,981ONWARD HOLDINGS CO LTD 6,300 45,446 27,565ORGANO CORP 100 2,865 5,051ORIENTAL LAND CO LTD/JAPAN 7,100 684,818 904,996ORIX CORP 72,400 1,110,290 867,168ORIX JREIT INC 67 106,011 87,630OSAKA GAS CO LTD 19,300 374,296 362,869OSAKI ELECTRIC CO LTD 2,200 15,612 10,837OTSUKA CORP 10,100 390,392 430,404OTSUKA HOLDINGS CO LTD 13,400 552,510 522,513OYO CORP 800 10,868 9,073PACK CORP/THE 600 17,971 20,055PAN PACIFIC INTERNATIONAL HOLD 500,500 4,281,292 9,466,526PANASONIC CORP 257,300 2,333,399 1,956,340PARAMOUNT BED HOLDINGS CO LTD 900 36,054 37,141PENTA-OCEAN CONSTRUCTION CO LT 7,900 34,846 41,415PIGEON CORP 128,600 3,463,408 4,916,189PIOLAX INC 600 18,393 8,402PREMIER INVESTMENT CORP 41 42,473 44,881PRESS KOGYO CO LTD 2,700 14,388 6,013PRESSANCE CORP 700 4,825 6,148PRESTIGE INTERNATIONAL INC 534,057 3,131,455 4,081,500RAIZNEXT CORP 1,000 10,162 11,313RAKUTEN INC 124,700 1,011,073 942,302RECRUIT HOLDINGS CO LTD 122,400 3,217,641 3,148,000RENGO CO LTD 8,800 64,388 68,400RESONA HOLDINGS INC 104,200 544,109 312,297RESORTTRUST INC 138,000 2,545,881 1,343,345RESTAR HOLDINGS CORP 1,400 25,262 19,532RICOH CO LTD 56,200 544,507 411,033RICOH LEASING CO LTD 100 3,173 2,619RINNAI CORP 700 50,191 49,422RISO KAGAKU CORP 2,500 42,370 37,659ROCK FIELD CO LTD 1,100 20,380 14,894ROHM CO LTD 8,100 579,662 441,812ROLAND DG CORP 2,000 44,985 21,472RYOBI LTD 1,400 36,215 17,117RYOHIN KEIKAKU CO LTD 0 0 0RYOSAN CO LTD 1,700 51,889 37,507RYOYO ELECTRO CORP 400 6,864 7,604SAKAI CHEMICAL INDUSTRY CO LTD 500 11,315 8,287SAKATA INX CORP 2,500 22,077 20,962SAMTY CO LTD 900 12,018 9,960SAN-AI OIL CO LTD 3,100 44,986 32,303SANBIO CO LTD 500 19,897 5,294SAN-IN GODO BANK LTD/THE 6,100 48,082 30,623SANKEN ELECTRIC CO LTD 1,000 28,928 19,352SANKYO TATEYAMA INC 1,400 21,896 13,408


Units Cost Market ValueSANRIO CO LTD 900 21,531 11,912SANTEN PHARMACEUTICAL CO LTD 8,000 116,433 137,243SANYO CHEMICAL INDUSTRIES LTD 800 37,391 29,171SANYO DENKI CO LTD 300 11,521 12,040SANYO SPECIAL STEEL CO LTD 700 17,255 6,238SBI HOLDINGS INC/JAPAN 210,630 3,004,883 3,060,539SECOM CO LTD 4,600 393,717 380,931SEIKAGAKU CORP 2,600 31,506 27,058SEIKO EPSON CORP 16,200 319,675 174,609SEIKO HOLDINGS CORP 1,800 41,836 28,922SEINO HOLDINGS CO LTD 8,200 111,511 88,741SEIREN CO LTD 2,500 35,048 29,951SEKISUI CHEMICAL CO LTD 194,620 3,433,166 2,570,946SEKISUI HOUSE LTD 30,300 491,267 498,753SEKISUI HOUSE REIT INC 196 128,428 124,484SEKISUI JUSHI CORP 1,200 22,821 22,023SEKISUI PLASTICS CO LTD 1,500 18,997 7,744SENKO GROUP HOLDINGS CO LTD 8,400 55,131 65,020SENSHU IKEDA HOLDINGS INC 13,800 51,339 20,746SEVEN & I HOLDINGS CO LTD 8,300 250,644 272,994SEVEN BANK LTD 7,900 24,485 20,337SHIBAURA MACHINE CO LTD 500 16,359 9,887SHIGA BANK LTD/THE 900 22,186 21,327SHIKOKU BANK LTD/THE 700 9,904 5,508SHIKOKU ELECTRIC POWER CO INC 7,400 91,068 58,336SHIMACHU CO LTD 1,500 34,731 36,881SHIMADZU CORP 31,600 707,973 828,491SHIMAMURA CO LTD 1,000 112,491 60,157SHIMANO INC 20,800 2,800,387 2,967,221SHIMIZU CORP 106,800 885,659 832,002SHINDENGEN ELECTRIC MANUFACTUR 400 26,483 8,579SHIN-ETSU CHEMICAL CO LTD 35,700 2,955,538 3,524,094SHINKO ELECTRIC INDUSTRIES CO 2,700 20,903 25,722SHINMAYWA INDUSTRIES LTD 1,000 9,701 10,379SHINSEI BANK LTD 8,500 157,362 113,001SHIONOGI & CO LTD 96,400 5,362,621 4,724,572SHISEIDO CO LTD 8,300 503,911 488,343SHIZUOKA BANK LTD/THE 24,000 215,834 145,434SHIZUOKA GAS CO LTD 1,000 8,705 8,108SHOWA CORP 1,600 27,796 33,386SHOWA DENKO KK 7,000 190,298 144,153SHOWA SANGYO CO LTD 500 12,866 14,851SINTOKOGIO LTD 1,400 14,149 9,735SKY PERFECT JSAT HOLDINGS INC 7,700 35,774 27,300SMC CORP/JAPAN 39,500 7,868,552 16,794,286SOFTBANK GROUP CORP 704,800 20,936,148 24,581,684SOJITZ CORP 65,700 200,066 153,661SOMPO HOLDINGS INC 9,100 361,027 280,364SONY CORP 50,100 2,911,629 2,966,242SONY FINANCIAL HOLDINGS INC 4,800 85,310 80,810STANLEY ELECTRIC CO LTD 4,500 100,940 88,316STAR MICRONICS CO LTD 800 13,149 8,047STARTS CORP INC 1,300 27,454 24,051STUDIO ALICE CO LTD 2,300 46,606 31,312SUBARU CORP 36,000 1,023,029 688,435SUMCO CORP 11,900 154,335 152,424SUMITOMO CHEMICAL CO LTD 86,000 504,813 254,188SUMITOMO CORP 89,000 1,105,441 1,016,484SUMITOMO ELECTRIC INDUSTRIES L 85,600 1,196,832 896,823SUMITOMO FORESTRY CO LTD 6,200 91,383 79,169SUMITOMO HEAVY INDUSTRIES LTD 4,400 141,211 79,043SUMITOMO METAL MINING CO LTD 10,100 317,871 206,315SUMITOMO MITSUI CONSTRUCTION C 2,660 14,873 11,695SUMITOMO MITSUI FINANCIAL GROU 97,500 3,754,331 2,359,552


Units Cost Market ValueSUMITOMO MITSUI TRUST HOLDINGS 16,900 662,510 486,280SUMITOMO REALTY & DEVELOPMENT 234,600 8,167,982 5,695,167SUMITOMO RUBBER INDUSTRIES LTD 7,938 124,462 74,618SUMITOMO SEIKA CHEMICALS CO LT 600 25,474 14,731SUMITOMO WAREHOUSE CO LTD/THE 3,100 39,977 33,817SUN FRONTIER FUDOUSAN CO LTD 300 3,949 2,263SUNTORY BEVERAGE & FOOD LTD 2,900 117,711 109,303SURUGA BANK LTD 6,500 30,502 21,188SUZUKEN CO LTD/AICHI JAPAN 1,490 57,734 54,091SUZUKI MOTOR CORP 20,300 964,772 483,801SYSMEX CORP 108,400 7,218,622 7,806,310T HASEGAWA CO LTD 75,497 1,412,398 1,420,172T&D HOLDINGS INC 27,100 386,677 220,375TACHI-S CO LTD 900 16,916 8,135TADANO LTD 4,800 45,675 34,257TAIHEI DENGYO KAISHA LTD 600 14,205 12,787TAIHEIYO CEMENT CORP 5,500 202,945 93,691TAIHO KOGYO CO LTD 2,300 22,589 11,408TAISEI CORP 22,400 832,823 682,047TAISHO PHARMACEUTICAL HOLDINGS 2,000 162,667 122,468TAIYO HOLDINGS CO LTD 1,200 36,273 45,058TAKARA LEBEN CO LTD 4,800 21,836 15,431TAKARA STANDARD CO LTD 1,700 26,277 26,012TAKASHIMAYA CO LTD 8,700 162,802 78,104TAKEDA PHARMACEUTICAL CO LTD 117,200 4,439,944 3,572,338TAKEUCHI MANUFACTURING CO LTD 1,400 21,681 17,366TAMRON CO LTD 500 11,254 8,342TAMURA CORP 4,800 23,451 17,485TATSUTA ELECTRIC WIRE AND CABL 1,200 9,138 5,087TDK CORP 27,600 2,565,743 2,127,218TECHNOPRO HOLDINGS INC 10,800 640,051 499,562TEIJIN LTD 50,400 863,260 850,465TEIKOKU SEN-I CO LTD 500 9,912 9,681TEKKEN CORP 300 9,009 6,495TENMA CORP 1,000 18,813 14,891TERUMO CORP 157,100 5,431,198 5,381,067T-GAIA CORP 600 10,000 11,334THK CO LTD 8,000 174,881 162,686TKC CORP 700 28,127 31,359TOA CORP/TOKYO 500 12,379 6,652TOAGOSEI CO LTD 7,200 79,725 62,407TOCALO CO LTD 1,800 19,124 16,897TODA CORP 9,000 49,759 52,187TOHO BANK LTD/THE 11,000 37,904 27,400TOHO GAS CO LTD 3,100 96,946 140,992TOHO HOLDINGS CO LTD 1,600 32,254 33,498TOHOKU ELECTRIC POWER CO INC 23,300 293,884 224,051TOKAI CARBON CO LTD 5,000 49,558 41,087TOKAI RIKA CO LTD 2,600 52,160 32,242TOKAI TOKYO FINANCIAL HOLDINGS 12,800 74,437 28,986TOKIO MARINE HOLDINGS INC 9,400 441,775 429,391TOKUYAMA CORP 1,500 33,931 28,882TOKYO BROADCASTING SYSTEM HOLD 3,200 57,359 44,406TOKYO CENTURY CORP 2,000 107,277 62,302TOKYO DOME CORP 8,700 86,309 58,066TOKYO ELECTRIC POWER CO HOLDIN 74,900 314,361 260,680TOKYO ELECTRON LTD 38,500 6,787,726 7,210,678TOKYO GAS CO LTD 20,100 493,321 474,312TOKYO KIRABOSHI FINANCIAL GROU 1,300 33,689 13,681TOKYO SEIMITSU CO LTD 1,300 38,704 36,824TOKYO STEEL MANUFACTURING CO L 2,400 16,646 14,973TOKYO TATEMONO CO LTD 9,900 141,315 104,367TOKYU CONSTRUCTION CO LTD 3,300 23,235 17,312TOKYU FUDOSAN HOLDINGS CORP 1,232,300 7,770,564 5,874,813


Units Cost Market ValueTOKYU REIT INC 14 17,596 18,206TOMONY HOLDINGS INC 9,000 51,183 29,825TOPPAN FORMS CO LTD 5,200 53,772 46,162TOPPAN PRINTING CO LTD 15,000 285,118 228,977TOPRE CORP 1,000 26,214 11,062TOPY INDUSTRIES LTD 800 19,138 10,158TORAY INDUSTRIES INC 67,300 456,660 290,665TOSHIBA CORP 12,700 332,621 278,476TOSOH CORP 14,200 245,471 160,915TOTO LTD 15,400 599,998 510,580TOWA BANK LTD/THE 1,100 11,930 6,378TOYO CONSTRUCTION CO LTD 1,400 4,403 5,657TOYO INK SC HOLDINGS CO LTD 3,700 95,022 69,745TOYO SEIKAN GROUP HOLDINGS LTD 7,100 135,294 80,715TOYO SUISAN KAISHA LTD 3,000 116,121 144,668TOYO TIRE CORP 6,100 91,926 69,708TOYOBO CO LTD 5,500 95,298 57,909TOYODA GOSEI CO LTD 12,400 246,675 211,766TOYOTA BOSHOKU CORP 3,000 50,237 35,575TOYOTA INDUSTRIES CORP 7,500 377,543 358,454TOYOTA MOTOR CORP 240,226 13,609,742 14,404,426TOYOTA TSUSHO CORP 44,900 1,477,524 1,052,882TPR CO LTD 400 13,710 4,245TRANSCOSMOS INC 184,912 4,370,909 3,262,409TREND MICRO INC/JAPAN 3,000 135,062 147,592TS TECH CO LTD 2,500 79,339 58,999TSI HOLDINGS CO LTD 2,700 14,137 9,848TSUBAKIMOTO CHAIN CO 1,700 71,214 38,544TSUKISHIMA KIKAI CO LTD 900 10,055 11,330TSUMURA & CO 3,900 114,862 99,085TSURUMI MANUFACTURING CO LTD 500 8,133 9,015TV ASAHI HOLDINGS CORP 500 8,728 7,530UACJ CORP 1,400 33,149 20,018UBE INDUSTRIES LTD 7,200 170,683 109,897UNICHARM CORP 113,200 3,399,043 4,233,431UNIPRES CORP 2,600 56,174 23,093UNITED INC/JAPAN 1,600 20,847 11,821UNITED URBAN INVESTMENT CORP 133 206,471 131,440USHIO INC 176,700 3,050,493 1,683,479VALOR HOLDINGS CO LTD 2,300 43,021 40,841VT HOLDINGS CO LTD 1,800 8,832 4,864WACOAL HOLDINGS CORP 3,000 82,193 65,033WAKITA & CO LTD 900 10,682 8,260WARABEYA NICHIYO HOLDINGS CO L 1,000 17,355 16,181WEST JAPAN RAILWAY CO 22,600 1,850,866 1,541,554WORLD CO LTD 1,300 27,982 17,963WORLD HOLDINGS CO LTD 900 16,083 10,165XEBIO HOLDINGS CO LTD 700 13,143 5,764YAKULT HONSHA CO LTD 5,800 302,442 342,113YAMABIKO CORP 500 7,570 3,744YAMADA DENKI CO LTD 64,000 313,317 254,531YAMAGATA BANK LTD/THE 500 11,042 6,174YAMAGUCHI FINANCIAL GROUP INC 10,900 111,940 61,486YAMAHA MOTOR CO LTD 22,500 462,022 270,700YAMANASHI CHUO BANK LTD/THE 1,300 26,295 8,822YAMATO HOLDINGS CO LTD 10,500 179,937 164,135YAMATO KOGYO CO LTD 2,500 72,747 42,721YAMAZAKI BAKING CO LTD 30,400 571,004 633,996YAMAZEN CORP 1,800 16,758 15,080YASKAWA ELECTRIC CORP 11,800 349,211 322,975YODOGAWA STEEL WORKS LTD 500 13,340 8,151YOKOGAWA BRIDGE HOLDINGS CORP 900 19,104 16,340YOKOGAWA ELECTRIC CORP 55,400 953,032 664,582YOKOHAMA RUBBER CO LTD/THE 5,800 113,113 71,676


Units Cost Market ValueYONDOSHI HOLDINGS INC 700 16,566 12,552YOROZU CORP 400 8,880 3,899YUASA TRADING CO LTD 300 10,564 7,907YURTEC CORP 1,800 5,749 10,203Z HOLDINGS CORP 160,800 451,407 515,166ZERIA PHARMACEUTICAL CO LTD 800 15,515 15,421

JERSEY C IAPTIV PLC 21,630 1,542,203 1,065,061CENTAMIN PLC 48,592 85,836 71,369

LUXEMBOURGAPERAM SA 2,477 80,567 52,100ARCELORMITTAL SA 89,336 2,134,151 842,298CORESTATE CAPITAL HOLDING SA 584 21,006 17,365EUROFINS SCIENTIFIC SE 7,670 3,218,829 3,782,685GRAND CITY PROPERTIES SA 6,128 143,098 128,598MILLICOM INTERNATIONAL CELLULA 5,555 241,577 156,181SES SA 17,229 403,684 100,853SHURGARD SELF STORAGE SA 63,226 1,711,747 1,869,622SPOTIFY TECHNOLOGY SA 97,840 15,978,276 11,881,690STABILUS SA 27,786 2,378,245 1,001,484TENARIS SA 24,322 280,885 148,018

MEXICOAMERICA MOVIL SAB DE CV 171,600 2,942,270 2,021,448

NETHERLANDSAALBERTS NV 207,763 7,442,327 4,907,771ABN AMRO BANK NV 35,994 763,346 293,949ADYEN NV 13,203 11,207,212 11,116,822AEGON NV 214,921 1,180,950 542,394AERCAP HOLDINGS NV 5,746 273,571 130,951AKZO NOBEL NV 3,522 204,820 231,003ALTICE EUROPE NV 16,626 97,077 63,940ARCADIS NV 467,429 8,679,266 7,404,831ARGENX SE 25,631 3,099,833 3,440,663ASML HOLDING NV 223,850 23,754,404 59,155,961ASR NEDERLAND NV 7,313 252,340 183,294BE SEMICONDUCTOR INDUSTRIES NV 2,981 64,649 90,421BOSKALIS WESTMINSTER 502,995 15,427,668 9,036,254BRACK CAPITAL PROPERTIES NV 202 21,871 16,527BRUNEL INTERNATIONAL NV 277 8,148 1,531

CORBION NV 230,489 7,319,820 6,824,168EUROCOMMERCIAL PROPERTIES NV 2,289 89,960 22,086EURONEXT NV 56,647 3,918,239 4,198,018EXOR NV 132,719 10,451,072 6,801,299FLOW TRADERS 1,932 60,447 57,928FORFARMERS NV 3,920 32,070 24,226FUGRO NV 2,579 23,382 10,435ING GROEP NV 319,425 4,366,323 1,664,596INTERTRUST NV 3,973 73,817 49,481JUST EAT TAKEAWAY.COM NV 615 45,832 46,124KONINKLIJKE AHOLD DELHAIZE NV 57,900 1,507,134 1,348,109KONINKLIJKE BAM GROEP NV 12,713 66,423 17,692KONINKLIJKE DSM NV 65,372 6,456,193 7,390,439KONINKLIJKE KPN NV 747,767 2,582,979 1,779,442KONINKLIJKE PHILIPS NV 82,402 3,339,367 3,318,113KONINKLIJKE VOPAK NV 1,389 75,639 72,055NN GROUP NV 26,709 945,512 717,685NSI NV 607 25,523 23,968NXP SEMICONDUCTORS NV 2,124 180,245 176,143POSTNL NV 24,473 117,325 30,627PROSUS NV 20,550 1,514,132 1,417,044QIAGEN NV 9,738 321,803 393,166RANDSTAD NV 6,746 328,318 237,126ROYAL DUTCH SHELL PLC 1,033,207 29,082,625 17,574,089


Units Cost Market ValueSBM OFFSHORE NV 577,414 8,636,754 7,582,879SIGNIFY NV 167,230 4,609,751 3,231,733TKH GROUP NV 2,000 93,226 55,459TOMTOM NV 3,361 44,495 26,151VASTNED RETAIL NV 152 6,856 2,545WERELDHAVE NV 1,958 99,128 14,275WOLTERS KLUWER NV 1,180 71,725 83,468YANDEX NV 47,537 1,665,327 1,618,635

NEW ZEALANDA2 MILK CO LTD 27,222 182,417 273,549AIR NEW ZEALAND LTD 30,825 54,108 15,442AUCKLAND INTERNATIONAL AIRPORT 36,749 170,224 107,606CHORUS LTD 2,714 8,609 11,029CONTACT ENERGY LTD 16,368 75,064 55,894FISHER & PAYKEL HEALTHCARE COR 3,437 57,196 61,903FLETCHER BUILDING LTD 42,809 244,593 88,318INFRATIL LTD 329,023 659,196 754,009KIWI PROPERTY GROUP LTD 71,542 72,255 39,869MERCURY NZ LTD 421,392 1,023,625 1,047,473MERIDIAN ENERGY LTD 204,864 421,428 481,542METLIFECARE LTD 10,537 30,919 23,738NEW ZEALAND REFINING CO LTD/TH 5,636 9,866 2,606PRECINCT PROPERTIES NEW ZEALAN 53,732 53,528 54,313PUSHPAY HOLDINGS LTD 507,393 1,385,444 1,019,739SKY NETWORK TELEVISION LTD 24,584 69,890 4,067SPARK NEW ZEALAND LTD 93,926 239,651 227,469XERO LTD 112,503 5,401,817 4,800,546Z ENERGY LTD 11,043 35,316 18,777

NORWAYADEVINTA ASA 474,308 4,597,823 4,200,362AKER ASA 1,182 89,500 26,472AKER BP ASA 20,479 622,928 258,139AKER SOLUTIONS ASA 5,544 42,990 2,907ATEA ASA 5,880 71,394 49,290AUSTEVOLL SEAFOOD ASA 3,670 34,755 25,805B2HOLDING ASA 13,090 21,153 4,489BAKKAFROST P/F 96,666 5,099,410 4,548,583BORREGAARD ASA 449,481 4,196,129 4,140,985BW ENERGY LTD 866 2,645 748BW OFFSHORE LTD 4,244 13,723 7,309DNB ASA 62,505 1,075,342 694,028ELKEM ASA 426,220 1,454,966 534,881ENTRA ASA 2,968 42,157 34,994EQUINOR ASA 67,795 1,216,310 845,491EUROPRIS ASA 11,324 36,146 32,742FLEX LNG LTD 1,548 14,727 7,818GJENSIDIGE FORSIKRING ASA 3,882 66,621 65,766GOLDEN OCEAN GROUP LTD 2,873 19,857 9,002MOWI ASA 9,293 227,969 140,237NORSK HYDRO ASA 205,526 716,011 442,100OCEAN YIELD ASA 6,097 47,013 13,569ODFJELL DRILLING LTD 1,862 8,065 1,357ORKLA ASA 37,868 323,450 320,827PGS ASA 4,519 11,426 1,309SALMAR ASA 121,614 5,483,421 4,019,770SBANKEN ASA 3,058 29,142 14,777SCHIBSTED ASA 101,326 3,335,585 1,801,249SELVAAG BOLIG ASA 1,925 8,442 8,478SPAREBANK 1 NORD NORGE 689 5,112 3,415SPAREBANK 1 OESTLANDET 1,059 11,461 7,558SPAREBANK 1 SMN 7,492 58,628 48,176SPAREBANK 1 SR-BANK ASA 7,086 76,235 39,903STOREBRAND ASA 22,411 150,804 88,978TELENOR ASA 27,087 534,716 392,994


Units Cost Market ValueTGS NOPEC GEOPHYSICAL CO ASA 325,634 8,241,117 3,617,744TOMRA SYSTEMS ASA 120,810 1,432,410 3,347,243VEIDEKKE ASA 5,217 61,111 43,256WALLENIUS WILHELMSEN ASA 6,070 13,854 5,763XXL ASA 5,908 29,878 2,641YARA INTERNATIONAL ASA 279,000 11,337,789 8,739,497

PANAMACOPA HOLDINGS SA 81,200 5,060,757 3,677,548

PORTUGALALTRI SGPS SA 3,419 21,210 13,525BANCO COMERCIAL PORTUGUES SA 337,680 63,305 37,783CTT-CORREIOS DE PORTUGAL SA 6,086 36,488 15,311EDP - ENERGIAS DE PORTUGAL SA 88,858 305,027 355,224GALP ENERGIA SGPS SA 89,329 1,445,898 1,014,669NAVIGATOR CO SA/THE 18,779 67,849 44,306NOS SGPS SA 15,784 88,929 52,673REN - REDES ENERGETICAS NACION 43,224 120,154 109,821SEMAPA-SOCIEDADE DE INVESTIMEN 458 9,247 3,884SONAE SGPS SA 47,909 57,483 30,860

RUSSIAEVRAZ PLC 19,217 144,351 54,745ROSNEFT OIL CO PJSC 118,174 749,845 508,148SBERBANK OF RUSSIA PJSC 131,051 1,771,479 1,231,879

SINGAPOREACCORDIA GOLF TRUST 147,100 75,446 49,954ASCENDAS INDIA TRUST 6,210,349 5,534,881 5,178,472ASCENDAS REAL ESTATE INVESTMEN 2,383,084 4,665,782 4,740,393ASCOTT RESIDENCE TRUST 49,000 39,869 26,944BW LPG LTD 3,448 30,433 10,356CACHE LOGISTICS TRUST 47,100 29,742 15,397CAPITALAND COMMERCIAL TRUST 308,883 413,779 332,158CAPITALAND LTD 66,100 133,893 131,719CAPITALAND MALL TRUST 1,155,600 1,852,770 1,453,870CHIP ENG SENG CORP LTD 43,000 22,664 14,952CITY DEVELOPMENTS LTD 280,500 2,113,331 1,419,434DBS GROUP HOLDINGS LTD 97,500 1,720,213 1,272,591ESR-REIT 97,652 38,235 20,605FIRST REAL ESTATE INVESTMENT T 50,900 37,706 24,332FRASERS COMMERCIAL TRUST 9,100 9,803 7,550GOLDEN AGRI-RESOURCES LTD 238,300 61,284 23,392JAPFA LTD 43,560 19,147 12,493KENON HOLDINGS LTD/SINGAPORE 2,077 37,882 30,439KEPPEL CORP LTD 79,000 413,769 293,672KEPPEL INFRASTRUCTURE TRUST 198,623 72,003 59,332KEPPEL REIT 43,500 34,772 29,048MANULIFE US REAL ESTATE INVEST 92,560 82,104 66,180MAPLETREE COMMERCIAL TRUST 19,100 34,001 24,569MAPLETREE NORTH ASIA COMMERCIA 32,900 27,958 18,374OUE COMMERCIAL REAL ESTATE INV 104,453 40,258 25,701OVERSEA-CHINESE BANKING CORP L 234,048 1,888,446 1,421,257OXLEY HOLDINGS LTD 54,300 14,318 7,794PRIME US REIT 26,400 25,623 16,521SABANA SHARI'AH COMPLIANT INDU 25,700 7,924 5,296SATS LTD 975,000 3,491,444 2,166,087SEMBCORP INDUSTRIES LTD 3,602,800 9,887,324 3,904,346SHENG SIONG GROUP LTD 2,793,000 2,140,025 2,335,608SIIC ENVIRONMENT HOLDINGS LTD 130,900 27,095 18,195SINGAPORE PRESS HOLDINGS LTD 57,700 84,743 74,197SINGAPORE TELECOMMUNICATIONS L 3,111,910 6,915,597 5,554,942STARHILL GLOBAL REIT 50,700 28,611 15,503STARHUB LTD 50,900 84,030 47,093SUNTEC REAL ESTATE INVESTMENT 130,900 166,000 115,017UNITED OVERSEAS BANK LTD 683,845 10,698,460 9,348,466UOL GROUP LTD 988,000 4,869,316 4,540,903


Units Cost Market ValueVENTURE CORP LTD 349,800 3,138,811 3,318,840WILMAR INTERNATIONAL LTD 230,000 649,260 519,320WING TAI HOLDINGS LTD 100 138 109YANLORD LAND GROUP LTD 100,700 109,067 69,069

SOUTH AFRICADISCOVERY LTD 133,426 1,145,840 581,002INVESTEC PLC 33,962 237,473 63,719MEDICLINIC INTERNATIONAL PLC 25,345 114,922 84,401NASPERS LTD 6,197 944,812 881,671TIGER BRANDS LTD 470,830 10,013,868 4,870,005

SOUTH KOREACOWAY CO LTD 113,210 8,331,977 5,339,978DOUZONE BIZON CO LTD 47,132 2,565,704 3,101,576HYUNDAI MOTOR CO 15,030 1,281,552 1,082,983LEENO INDUSTRIAL INC 18,310 1,215,326 1,123,311SAMSUNG ELECTRONICS CO LTD 60,466 6,842,760 14,490,440

SPAINABENGOA SA 7,711 1,029 0ACCIONA SA 801 58,651 85,088ACERINOX SA 7,701 105,055 52,301ACS ACTIVIDADES DE CONSTRUCCIO 48,366 1,823,626 940,041ALMIRALL SA 1,759 29,916 20,276AMADEUS IT GROUP SA 22,922 1,708,679 1,081,517APPLUS SERVICES SA 6,441 81,920 41,176ARIMA REAL ESTATE SOCIMI SA 213,745 2,493,281 1,909,856ATRESMEDIA CORP DE MEDIOS DE C 7,777 75,230 21,282BANCO BILBAO VIZCAYA ARGENTARI 400,670 3,151,681 1,274,290BANCO DE SABADELL SA 263,928 490,209 134,915BANCO SANTANDER SA 3,542,429 24,983,230 8,577,922BANKIA SA 55,963 264,392 62,158BANKINTER SA 32,697 241,939 119,427BOLSAS Y MERCADOS ESPANOLES SH 3,478 118,188 126,018CAIXABANK SA 204,292 774,310 379,064CONSTRUCCIONES Y AUXILIAR DE F 196 7,770 6,069CORP FINANCIERA ALBA SA 140 8,615 5,324DISTRIBUIDORA INTERNACIONAL DE 96,298 50,935 11,060EBRO FOODS SA 4,591 102,042 93,608EDP RENOVAVEIS SA 518,006 3,896,682 6,223,205ENAGAS SA 38,135 1,077,296 754,724ENCE ENERGIA Y CELULOSA SA 6,741 27,043 18,384ENDESA SA 16,860 364,111 359,110EUSKALTEL SA 3,020 26,860 22,305FAES FARMA SA 15,208 62,576 58,982FERROVIAL SA 73,421 1,730,806 1,754,026GESTAMP AUTOMOCION SA 3,667 25,934 9,294GRIFOLS SA 28,831 995,488 976,957GRUPO CATALANA OCCIDENTE SA 574 20,836 11,435IBERDROLA SA 1,081,086 8,208,957 10,619,960INDUSTRIA DE DISENO TEXTIL SA 618,333 14,942,445 15,970,779INMOBILIARIA COLONIAL SOCIMI S 2,785 29,265 26,264LET'S GOWEX SA 367 4,637 0LIBERBANK SA 79,212 51,802 11,931MAPFRE SA 33,553 118,018 57,098MASMOVIL IBERCOM SA 126,397 2,683,966 1,997,686MEDIASET ESPANA COMUNICACION S 9,862 96,617 36,403MERLIN PROPERTIES SOCIMI SA 335,940 4,046,094 2,525,795NATURGY ENERGY GROUP SA 13,815 312,080 243,310OBRASCON HUARTE LAIN SA 5,563 51,212 3,580PROSEGUR CASH SA 26,725 41,396 25,560PROSEGUR CIA DE SEGURIDAD SA 15,582 81,053 39,020RED ELECTRICA CORP SA 21,689 471,987 388,548REPSOL SA 69,875 1,187,180 634,360SACYR SA 16,938 56,336 25,732SIEMENS GAMESA RENEWABLE ENERG 18,799 258,000 281,410


Units Cost Market ValueTELEFONICA SA 308,946 2,740,608 1,411,055UNICAJA BANCO SA 34,455 54,687 19,939VISCOFAN SA 1,961 124,258 106,895

SWEDENAAK AB 115,018 1,427,027 1,872,770AF POYRY AB 87,270 1,904,751 1,335,599ARJO AB 7,019 29,266 34,898ASSA ABLOY AB 45,494 883,539 858,748ATLAS COPCO AB 338,051 5,352,164 11,343,791ATRIUM LJUNGBERG AB 1,272 27,515 19,817ATTENDO AB 5,071 26,756 20,875AXFOOD AB 3,154 59,480 64,242BILIA AB 3,623 40,648 22,347BILLERUDKORSNAS AB 9,993 151,650 109,099BOLIDEN AB 35,310 878,103 642,744BONAVA AB 3,845 53,019 16,593BRAVIDA HOLDING AB 181,548 1,586,685 1,280,923CASTELLUM AB 6,420 88,442 108,499CLAS OHLSON AB 1,549 30,448 11,238CLOETTA AB 9,214 35,080 21,820DIOS FASTIGHETER AB 1,020 6,855 6,797ELECTROLUX AB 123,746 2,817,550 1,538,617ELECTROLUX PROFESSIONAL AB 123,746 598,096 355,962ELEKTA AB 328,195 3,639,998 2,711,361ELTEL AB 1,933 3,027 3,071EPIROC AB 76,715 728,067 759,500FABEGE AB 282,354 3,086,741 3,612,818GETINGE AB 5,722 55,371 109,707GRANGES AB 657 6,003 3,253HANSA BIOPHARMA AB 1,218 37,384 9,543HENNES & MAURITZ AB 24,691 371,507 317,212HEXAGON AB 83,010 4,246,141 3,535,258HOIST FINANCE AB 5,270 23,668 13,063HOLMEN AB 1,548 32,055 42,442ICA GRUPPEN AB 14,677 728,259 617,811INDUSTRIVARDEN AB 16,406 336,304 319,778INTRUM AB 3,351 78,051 44,549INVESTOR AB 30,492 1,311,085 1,400,315INWIDO AB 3,188 34,458 18,338JM AB 2,897 66,995 50,304KINNEVIK AB 322,952 9,625,904 5,358,673KLOVERN AB 22,314 27,414 33,110KUNGSLEDEN AB 7,594 47,843 57,267L E LUNDBERGFORETAGEN AB 1,789 68,072 73,238LINDAB INTERNATIONAL AB 3,076 33,583 23,802LOOMIS AB 2,580 74,688 52,411MEKONOMEN AB 1,685 26,219 7,518MODERN TIMES GROUP MTG AB 3,520 47,293 27,738NCC AB 3,344 85,953 43,820NEW WAVE GROUP AB 2,994 15,737 8,256NIBE INDUSTRIER AB 316,598 2,473,612 4,602,746NOBIA AB 6,365 38,298 22,635NOBINA AB 2,326 14,027 12,645NYFOSA AB 1,683 6,317 8,459PANDOX AB 7,277 128,470 59,822PEAB AB 7,899 68,925 56,900RATOS AB 588 3,258 1,223RESURS HOLDING AB 4,198 29,220 14,405SAMHALLSBYGGNADSBOLAGET I NORD 1,764,296 5,220,049 3,361,741SCANDIC HOTELS GROUP AB 4,554 54,521 13,644SINCH AB 20,505 665,451 806,949SKANDINAVISKA ENSKILDA BANKEN 120,526 1,306,192 814,048SKANSKA AB 15,568 347,806 236,916SKF AB 17,914 320,654 246,082


Units Cost Market ValueSSAB AB 38,507 142,856 85,828SVENSKA CELLULOSA AB SCA 9,653 72,288 97,436SVENSKA HANDELSBANKEN AB 281,213 3,385,493 2,351,340SWEDBANK AB 67,661 1,594,210 754,397TELEFONAKTIEBOLAGET LM ERICSSO 102,547 872,715 835,645TELIA CO AB 330,241 1,459,848 1,186,099TRELLEBORG AB 11,584 197,674 124,877VOLVO AB 156,007 2,579,910 1,873,071

SWITZERLANDABB LTD 313,083 6,316,821 5,476,066ADECCO GROUP AG 8,542 422,269 335,272ALCON INC 2,063 88,294 104,730ALLREAL HOLDING AG 490 78,748 90,456APG SGA SA 94 25,723 17,368ARBONIA AG 2,494 42,439 19,489ARYZTA AG 49,438 242,113 17,707ASCOM HOLDING AG 2,164 42,949 12,136BALOISE HOLDING AG 2,238 316,245 292,221BANQUE CANTONALE VAUDOISE 96 74,352 78,557BELL FOOD GROUP AG 184 52,786 47,653BKW AG 981 55,041 80,316BUCHER INDUSTRIES AG 21,035 6,923,188 5,558,077BURCKHARDT COMPRESSION HOLDING 8,672 2,512,531 1,716,810BURKHALTER HOLDING AG 81 6,421 4,648CEMBRA MONEY BANK AG 1,587 128,067 145,674CHOCOLADEFABRIKEN LINDT & SPRU 60 3,011,209 3,177,393CIE FINANCIERE RICHEMONT SA 175,762 10,557,744 9,582,292CLARIANT AG 16,922 357,622 283,131COCA-COLA HBC AG 26,732 805,572 573,558COLTENE HOLDING AG 249 21,744 15,940CONZZETA AG 54 48,436 43,249CREDIT SUISSE GROUP AG 149,228 2,113,843 1,225,802DAETWYLER HOLDING AG 5,529 864,759 885,896DKSH HOLDING AG 45,318 2,705,644 2,241,753EFG INTERNATIONAL AG 4,097 43,605 23,302EMS-CHEMIE HOLDING AG 175 110,378 109,573FERREXPO PLC 17,391 38,748 25,388FLUGHAFEN ZURICH AG 773 126,239 86,560GALENICA AG 2,176 101,978 147,918GAM HOLDING AG 3,633 49,764 6,810GIVAUDAN SA 464 1,208,075 1,431,088GLENCORE PLC 515,357 1,608,268 785,207HELVETIA HOLDING AG 1,331 152,209 114,083HUBER + SUHNER AG 165 11,496 10,274IDORSIA LTD 1,685 34,300 43,623IMPLENIA AG 789 50,090 27,722INFICON HOLDING AG 66 37,680 42,778JULIUS BAER GROUP LTD 70,506 3,214,742 2,394,582KOMAX HOLDING AG 55 15,365 8,597KUDELSKI SA 2,293 35,360 7,326KUEHNE + NAGEL INTERNATIONAL A 2,149 284,256 293,836LAFARGEHOLCIM LTD 294,283 16,493,926 10,701,885LANDIS+GYR GROUP AG 984 73,171 67,468LEM HOLDING SA 3,092 2,743,541 3,388,648LOGITECH INTERNATIONAL SA 72,262 2,923,107 3,111,422MOBIMO HOLDING AG 166 41,482 46,322NESTLE SA 208,526 15,430,205 21,380,228NOVARTIS AG 268,497 14,121,621 22,074,128OC OERLIKON CORP AG 10,372 114,212 82,821PARGESA HOLDING SA 3,326 233,505 219,635PARTNERS GROUP HOLDING AG 4,160 1,205,281 2,862,373PSP SWISS PROPERTY AG 1,366 126,504 169,949RIETER HOLDING AG 86 19,176 7,792ROCHE HOLDING AG 22,535 5,959,697 7,288,205


Units Cost Market ValueSCHINDLER HOLDING AG 451 84,476 94,914SGS SA 21 47,501 48,458SIG COMBIBLOC GROUP AG 8,599 119,243 128,166SIKA AG 7,158 1,036,623 1,178,156SONOVA HOLDING AG 6,922 1,155,320 1,243,149ST GALLER KANTONALBANK AG 37 18,026 15,293STMICROELECTRONICS NV 9,341 135,976 202,253STRAUMANN HOLDING AG 6,094 4,148,461 4,517,963SULZER AG 970 105,268 61,009SWATCH GROUP AG/THE 39,225 11,248,840 7,204,747SWISS LIFE HOLDING AG 1,477 487,666 500,249SWISS PRIME SITE AG 3,579 310,780 349,489SWISS RE AG 18,854 1,696,600 1,446,127SWISSCOM AG 5,109 2,374,071 2,739,926TEMENOS AG 66,827 11,440,001 8,716,925U-BLOX HOLDING AG 9,230 1,562,661 564,738UBS GROUP AG 284,049 4,406,086 2,640,993VALIANT HOLDING AG 566 66,421 45,237VALORA HOLDING AG 157 53,450 27,453VONTOBEL HOLDING AG 1,327 74,503 64,911WIZZ AIR HOLDINGS PLC 70,817 2,645,125 2,015,880ZEHNDER GROUP AG 424 17,492 16,146ZUR ROSE GROUP AG 337 37,739 42,401ZURICH INSURANCE GROUP AG 9,126 2,664,626 3,222,448

TAIWANADVANTECH CO LTD 591,375 4,066,784 4,879,954ASPEED TECHNOLOGY INC 19,461 470,696 659,264TAIWAN SEMICONDUCTOR MANUFACTU 323,577 10,181,332 15,463,745

THAILANDLAND & HOUSES PCL 10,719,000 3,618,590 2,209,187TISCO FINANCIAL GROUP PCL 394,770 1,152,318 839,040

UNITED ARAB EMIRATESNETWORK INTERNATIONAL HOLDINGS 49,000 278,992 240,060

UNITED KINGDOM3I GROUP PLC 86,338 905,316 843,492AA PLC 42,805 158,793 9,092ADMIRAL GROUP PLC 21,343 569,957 587,903AG BARR PLC 3,783 30,615 22,562AGGREKO PLC 793,749 9,649,204 4,773,394AIRTEL AFRICA PLC 38,249 36,338 19,461ALLIANCE PHARMA PLC 28,701 37,814 23,075ANGLO AMERICAN PLC 494,813 8,346,874 8,631,534ARROW GLOBAL GROUP PLC 10,245 25,464 13,551ASHMORE GROUP PLC 12,325 64,939 54,264ASSOCIATED BRITISH FOODS PLC 57,388 1,900,234 1,285,722ASSURA PLC 653,149 531,057 674,472ASTON MARTIN LAGONDA GLOBAL HO 481,844 9,639,756 1,179,344ASTRAZENECA PLC 158,531 11,293,841 14,136,755ATLANTICA YIELD PLC 190,237 4,633,812 4,242,285AVIVA PLC 420,931 2,589,781 1,395,030BAKKAVOR GROUP PLC 14,271 23,649 18,540BALFOUR BEATTY PLC 23,566 82,528 63,093BARCLAYS PLC 1,382,791 3,354,717 1,603,901BARRATT DEVELOPMENTS PLC 288,081 1,993,157 1,567,349BELLWAY PLC 7,163 225,193 190,739BERKELEY GROUP HOLDINGS PLC 179,457 8,740,814 8,008,034BIFFA PLC 8,680 25,682 19,278BIG YELLOW GROUP PLC 10,611 109,337 131,839BLUE PRISM GROUP PLC 1,283 30,039 17,820BODYCOTE PLC 6,824 82,800 47,545BP PLC 1,135,081 7,742,782 4,820,469BREWIN DOLPHIN HOLDINGS PLC 627,209 2,992,281 1,699,710BRITISH LAND CO PLC/THE 73,067 608,747 303,459BT GROUP PLC 1,497,659 4,566,254 2,180,592


Units Cost Market ValueCAIRN ENERGY PLC 29,335 64,175 28,032CALISEN PLC 414,300 1,283,809 915,504CAPITA PLC 398,103 706,925 162,476CAPITAL & COUNTIES PROPERTIES 25,353 114,540 51,918CARD FACTORY PLC 23,667 62,775 9,725CENTRAL ASIA METALS PLC 14,166 45,373 27,392CENTRICA PLC 305,428 994,181 143,421CINEWORLD GROUP PLC 965,372 3,190,706 590,561CIVITAS SOCIAL HOUSING PLC 38,088 40,967 45,435CLOSE BROTHERS GROUP PLC 8,823 177,212 123,266CMC MARKETS PLC 41,953 70,741 93,472CNH INDUSTRIAL NV 47,360 529,838 269,588COATS GROUP PLC 2,287,021 2,525,206 1,199,982COCA-COLA EUROPEAN PARTNERS PL 28,059 1,438,251 1,053,054COMPASS GROUP PLC 26,215 537,046 408,890CONTOURGLOBAL PLC 929,268 3,059,438 1,666,242COUNTRYSIDE PROPERTIES PLC 12,494 61,834 44,025CREST NICHOLSON HOLDINGS PLC 18,496 113,546 40,512CRODA INTERNATIONAL PLC 74,418 4,370,781 3,928,801CUSTODIAN REIT PLC 32,921 49,829 40,349DAILY MAIL & GENERAL TRUST PLC 9,562 72,996 81,345DE LA RUE PLC 11,991 95,418 8,548DERWENT LONDON PLC 6,180 234,059 249,901DIALIGHT PLC 382,237 3,260,478 1,061,803DIALOG SEMICONDUCTOR PLC 1,434 74,061 38,619DIGNITY PLC 4,982 38,454 17,192DIPLOMA PLC 107,025 1,605,045 2,131,732DIRECT LINE INSURANCE GROUP PL 83,735 390,708 305,861DIXONS CARPHONE PLC 53,554 186,649 51,701DRAX GROUP PLC 24,358 128,445 46,330DS SMITH PLC 2,143,070 10,717,335 7,279,043EASYJET PLC 8,987 116,218 64,564ELECTROCOMPONENTS PLC 296,940 1,671,758 1,892,608ELEMENTIS PLC 603,382 1,684,131 371,020EMPIRIC STUDENT PROPERTY PLC 43,017 50,241 35,195ENQUEST PLC 84,758 42,222 8,259EQUINITI GROUP PLC 1,048,463 3,095,363 2,294,220EUROMONEY INSTITUTIONAL INVEST 6,298 107,007 63,645FIAT CHRYSLER AUTOMOBILES NV 918,712 7,678,432 6,586,498FIRST DERIVATIVES PLC 96,347 3,388,561 2,749,659FIRSTGROUP PLC 64,592 100,020 40,256FRASERS GROUP PLC 8,006 28,655 18,090FUNDING CIRCLE HOLDINGS PLC 11,066 14,598 7,531GB GROUP PLC 293,718 2,636,720 2,115,907GCP STUDENT LIVING PLC 37,504 64,668 61,686GLAXOSMITHKLINE PLC 270,683 5,806,276 5,068,507GO-AHEAD GROUP PLC/THE 2,984 75,656 30,471GRAINGER PLC 42,654 149,344 136,770GREAT PORTLAND ESTATES PLC 583,546 6,704,314 4,918,347GULF KEYSTONE PETROLEUM LTD 13,444 38,900 11,209HALFORDS GROUP PLC 20,710 91,654 17,885HALMA PLC 93,558 1,433,759 2,218,961HAMMERSON PLC 39,400 307,214 37,664HARGREAVES LANSDOWN PLC 15,623 386,093 267,232HASTINGS GROUP HOLDINGS PLC 27,269 94,222 62,253HILL & SMITH HOLDINGS PLC 116,824 1,741,527 1,382,119HSBC HOLDINGS PLC 3,147,104 28,900,700 17,781,206HUNTING PLC 8,521 62,725 18,389HYVE GROUP PLC 54,942 72,642 13,551IBSTOCK PLC 28,590 86,889 53,733IG GROUP HOLDINGS PLC 19,382 163,489 165,701IMI PLC 437,342 4,914,109 4,038,211INCHCAPE PLC 22,823 224,461 122,263INFORMA PLC 87,920 843,247 486,761


Units Cost Market ValueINTERCONTINENTAL HOTELS GROUP 2,496 141,604 106,683INTERNATIONAL PERSONAL FINANCE 16,056 77,056 15,152INTERTEK GROUP PLC 4,886 285,989 285,087INTU PROPERTIES PLC 51,688 200,974 2,843IOMART GROUP PLC 4,971 22,984 16,753ITV PLC 254,458 629,902 210,033J SAINSBURY PLC 99,215 342,319 257,938JOHN LAING GROUP PLC 32,217 112,168 135,354JOHN MENZIES PLC 370,164 3,345,146 357,632JOHN WOOD GROUP PLC 35,944 323,627 68,870JOHNSON MATTHEY PLC 107,252 3,801,461 2,379,354JUPITER FUND MANAGEMENT PLC 26,555 162,121 65,696JUST GROUP PLC 48,625 94,995 32,399KAINOS GROUP PLC 148,690 1,483,996 1,210,636KELLER GROUP PLC 4,042 48,601 26,365KINGFISHER PLC 113,089 502,768 203,348LANCASHIRE HOLDINGS LTD 15,095 124,132 115,951LAND SECURITIES GROUP PLC 36,073 503,136 248,104LEARNING TECHNOLOGIES GROUP PL 2,022,623 3,194,161 3,378,389LEGAL & GENERAL GROUP PLC 630,715 2,169,206 1,506,280LLOYDS BANKING GROUP PLC 20,984,404 20,329,855 8,260,732LONDON STOCK EXCHANGE GROUP PL 111,382 5,846,557 10,018,326LONDONMETRIC PROPERTY PLC 65,127 151,454 141,825LOOKERS PLC 24,154 33,803 4,815LXI REIT PLC 51,934 84,826 69,870M&G PLC 1,305,186 3,562,930 1,814,294MAN GROUP PLC/JERSEY 79,705 146,397 122,539MARKS & SPENCER GROUP PLC 104,325 490,995 127,879MCCARTHY & STONE PLC 31,347 68,527 25,280MELROSE INDUSTRIES PLC 56,152 131,920 63,303METRO BANK PLC 8,034 55,373 9,022MICRO FOCUS INTERNATIONAL PLC 182,060 3,791,309 899,032MITIE GROUP PLC 27,996 91,005 22,536MONDI PLC 17,132 373,692 291,716MORGAN ADVANCED MATERIALS PLC 21,470 95,466 49,180MORGAN SINDALL GROUP PLC 1,997 38,245 29,644N BROWN GROUP PLC 10,841 59,833 1,971NATIONAL EXPRESS GROUP PLC 38,008 173,001 96,174NATIONAL GRID PLC 662,537 7,643,542 7,751,819NCC GROUP PLC 18,417 43,954 37,869NEWRIVER REIT PLC 22,611 84,391 16,690NINETY ONE PLC 16,981 28,159 36,405NUMIS CORP PLC 8,859 47,988 23,012OAKTREE EMERGING MARKET 2,231,658 374,652,132 348,220,817OCADO GROUP PLC 2,038,596 11,531,998 30,729,776ONESAVINGS BANK PLC 24,243 108,407 75,075PAGEGROUP PLC 21,496 133,507 96,740PARAGON BANKING GROUP PLC 21,677 113,900 89,165PEARSON PLC 56,742 667,213 391,114PENNON GROUP PLC 27,083 294,804 366,403PERSIMMON PLC 16,398 526,964 387,672PETROFAC LTD 15,019 199,983 36,926PETS AT HOME GROUP PLC 24,390 51,791 78,549PHAROS ENERGY PLC 14,661 50,791 2,179PHOENIX GROUP HOLDINGS PLC 36,047 316,359 279,155PHOTO-ME INTERNATIONAL PLC 29,308 50,873 14,187POLYPIPE GROUP PLC 15,441 78,735 87,841PORVAIR PLC 453,642 2,076,283 2,841,986PREMIER FOODS PLC 88,378 63,775 26,573PREMIER OIL PLC 54,916 67,735 11,646PRIMARY HEALTH PROPERTIES PLC 453,228 697,365 900,354PROVIDENT FINANCIAL PLC 14,085 112,804 37,806PRUDENTIAL PLC 416,438 6,253,723 5,306,642PZ CUSSONS PLC 36,626 116,838 87,736


Units Cost Market ValueQUILTER PLC 110,554 221,336 161,279RATHBONE BROTHERS PLC 61,766 2,099,300 1,143,986RDI REIT PLC 18,920 52,807 15,261RECKITT BENCKISER GROUP PLC 81,993 6,769,293 6,281,877REDDE NORTHGATE PLC 21,221 115,512 36,438REDROW PLC 30,872 142,888 137,260REGIONAL REIT LTD 126,495 160,150 129,700RELX PLC 246,505 5,295,930 5,275,211RENEWI PLC 72,433 68,416 21,029RESTAURANT GROUP PLC/THE 40,923 116,541 21,465RIO TINTO LTD 15,435 844,816 812,979RIO TINTO PLC 56,192 2,551,688 2,574,902ROLLS-ROYCE HOLDINGS PLC 1,250,544 15,475,078 5,253,678ROYAL BANK OF SCOTLAND GROUP P 520,048 1,780,177 724,138ROYAL MAIL PLC 52,267 296,911 80,831RPS GROUP PLC 17,794 58,095 7,552RSA INSURANCE GROUP PLC 71,486 509,728 370,944SAGA PLC 58,140 130,111 12,195SAVILLS PLC 9,704 96,552 99,093SCHRODER REAL ESTATE INVESTMEN 24,113 21,800 11,603SCHRODERS PLC 13,672 450,412 419,211SEGRO PLC 249,226 2,056,521 2,352,813SENIOR PLC 93,290 313,263 80,894SEVERN TRENT PLC 13,977 329,574 393,531SHAFTESBURY PLC 105,768 1,220,398 808,527SIG PLC 37,821 92,586 11,077SIGNATURE AVIATION PLC 319,557 1,411,689 651,551SMART METERING SYSTEMS PLC 946,126 6,607,485 7,784,392SMITHS GROUP PLC 311,066 6,054,344 4,701,134SPECTRIS PLC 265,170 7,702,311 8,042,444SPIRAX-SARCO ENGINEERING PLC 87,141 5,182,839 8,787,553SPIRE HEALTHCARE GROUP PLC 21,835 72,776 21,113SSE PLC 99,123 1,757,533 1,596,986ST JAMES'S PLACE PLC 16,769 230,523 159,511ST MODWEN PROPERTIES PLC 15,118 83,475 61,841STAGECOACH GROUP PLC 27,500 100,510 23,806STANDARD CHARTERED PLC 292,848 2,326,592 1,611,286STANDARD LIFE ABERDEEN PLC 203,883 1,009,030 563,064STANDARD LIFE INVESTMENT PROPE 31,663 38,250 33,169STOLT-NIELSEN LTD 2,298 27,940 18,408SUBSEA 7 SA 11,268 147,459 53,064SUPERDRY PLC 3,784 28,894 5,015SYNTHOMER PLC 21,755 100,558 65,401TALKTALK TELECOM GROUP PLC 20,000 31,138 21,048TATE & LYLE PLC 29,052 272,856 235,535TAYLOR WIMPEY PLC 756,103 1,681,708 1,096,840TED BAKER PLC 2,759 14,358 3,512TELECOM PLUS PLC 3,929 63,385 60,385TESCO PLC 3,200,255 13,656,671 9,046,674THOMAS COOK GROUP PLC 59,466 93,965 0TI FLUID SYSTEMS PLC 9,689 27,326 17,634TP ICAP PLC 30,279 178,690 126,772TRAINLINE PLC 340,166 1,451,443 1,420,344TRAVIS PERKINS PLC 653,474 11,091,740 7,121,180TRITAX BIG BOX REIT PLC 1,905,087 3,430,435 2,643,897TULLOW OIL PLC 70,170 124,621 9,261UMC CG EMERGING MKTS EQUITY FD 25,268,947 340,877,649 334,517,907UMC GENESIS EMERG MKTS TR 388,544 38,244,441 220,699,779UNILEVER NV 29,732 1,719,927 1,457,391UNILEVER PLC 29,422 1,580,603 1,482,756UNITE GROUP PLC/THE 355,480 3,754,831 3,524,274UNITED UTILITIES GROUP PLC 42,863 471,285 477,811URBAN & CIVIC PLC 1,387,159 5,443,083 3,599,632VECTURA GROUP PLC 45,578 46,122 54,735


Units Cost Market ValueVESUVIUS PLC 210,566 1,032,643 846,805VICTREX PLC 201,479 5,207,437 4,909,133VIRGIN MONEY UK PLC 63,758 216,017 48,692VISTRY GROUP PLC 12,872 166,243 91,691VODAFONE GROUP PLC 2,570,075 7,781,589 3,583,944WEIR GROUP PLC/THE 538,170 10,221,105 4,869,641WHITBREAD PLC 11,449 682,251 427,991WM MORRISON SUPERMARKETS PLC 149,067 480,100 327,824WORKSPACE GROUP PLC 9,057 103,732 85,151WPP PLC 96,646 1,481,172 657,377

UNITED STATESALACER GOLD CORP 19,727 33,714 62,922ASPEN TECHNOLOGY INC 23,155 2,865,458 2,201,346AVANGRID INC 80,986 3,507,933 3,545,567BAUSCH HEALTH COS INC 17,586 256,560 269,470BURFORD CAPITAL LTD 3,713 38,888 19,266CARNIVAL PLC 319,549 9,533,315 3,871,891CORELOGIC INC/UNITED STATES 88,750 3,888,956 2,710,425DEERE & CO 26,449 4,168,212 3,654,194DIVERSIFIED GAS & OIL PLC 39,901 67,782 43,353EVERSOURCE ENERGY 62,286 5,118,791 4,871,388FIRST SOLAR INC 92,413 4,249,271 3,332,413FMC CORP 36,207 2,750,242 2,957,750HANNON ARMSTRONG SUSTAINABLE I 192,386 4,164,582 3,926,598HUBBELL INC 23,437 2,597,184 2,689,161ITRON INC 68,177 4,512,766 3,806,322MERCADOLIBRE INC 27,538 8,035,843 13,454,516MOODY'S CORP 10,595 1,902,140 2,240,843

OVINTIV INC 14,830 349,150 40,218PRIMO WATER CORP 8,063 110,828 72,340SIMS LTD 8,667 73,629 32,226SKYLINE CHAMPION CORP 122,185 3,598,932 1,915,861SUNNOVA ENERGY INTERNATIONAL I 320,261 4,530,890 3,225,028TESLA INC 7,008 2,817,858 3,672,192TRIMBLE INC 80,361 3,021,122 2,557,891UMC INTERNATIONAL PRIVATE 11,962,581 137,444,838 202,393,548UMC INTERNATIONAL REAL ESTATE 6,545,093 60,823,277 79,742,963VERISK ANALYTICS INC 16,746 1,620,448 2,334,057WASTE MANAGEMENT INC 30,794 2,271,006 2,850,293WEYERHAEUSER CO 175,214 4,449,180 2,969,877XYLEM INC/NY 52,720 2,882,542 3,433,654

Total of International Common Stocks 3,784,082,270 3,821,824,695

Cash Equivalent Securities & Others 4.97%

U S TREASURY BILL 7,000,000 6,979,940 6,991,100UMC CASH SWEEP ACCOUNT 168,191,139 168,191,139 168,191,139BNY MELLON CASH RESERVE 0 0 0Others (Payables, Receiveables, etc.) 25,659,406 25,376,521

Total of Cash Equivalent Securities 200,830,485 200,558,760

Derivatives 0.31%AUDUSD CRNCY FUTURE (CME) 61 0 -223,260BP CURRENCY FUTURE (CME) 106 0 -290,838C$ CURRENCY FUTURE (CME) 242 0 -91,195EURO FX CURR FUTURE (CME) 130 0 -428,323EURO STOXX 50 FUTURE (EUX) 513 0 1,965,512FTSE 100 INDEX FUTURE (ICF) 137 0 847,495JPN YEN CURR FUTURE (CME) 107 0 -310,166MSCI EAFE FUTURE (NYF) 1,115 0 8,232,272MSCI EMGMKT FUTURE (NYF) 1,133 0 1,854,084S&P/TSX 60 INDEX FUTURE (MSE) 141 0 625,230


Units Cost Market ValueSPI 200 FUTURE (SFE) 40 0 -13,802SWISS FUTURE CCY FUTURE (CME) 35 0 -119,356TOPIX INDEX FUTURE (OSE) 103 0 302,343

Total of Derivatives 12,349,998

Total of INTERNATIONAL EQUITY FUND 3,984,912,755 4,034,733,462


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Units Cost Market Value INTERNATIONAL EQUITY FUND · Units Cost Market Value INTERNATIONAL EQUITY FUND International Equities 94.72% International Common Stocks ARGENTIN A LOMA NEGRA