U.S. Mutual Funds
| Name | Ticker | Security No. | Shares | Market Value | Percent |
|---|---|---|---|---|---|
| Roche | ROG VX | 7110388 | 222000 | 43709696.18 | 4.55% |
| BAT | BATS LN | G1510J102 | 815600 | 42795152.67 | 4.45% |
| Novartis | NOVN VX | 7103065 | 627400 | 38839883.26 | 4.04% |
| Vodafone | VOD LN | G93882135 | 14120900 | 36469631.51 | 3.80% |
| Samsung Electronics | SMSD LI | 796050201 | 89075 | 34089002.50 | 3.55% |
| Nestle | NESN VX | H57312649 | 514600 | 33689965.51 | 3.51% |
| Cash | Cash | 30897181 | 30897181.09 | 3.22% | |
| Tenaris | TS US | 88031M109 | 753232 | 30084086.08 | 3.13% |
| Zurich Insurance Group | ZURN VX | 5983816 | 115300 | 29434755.43 | 3.06% |
| Eni | ENI IM | 7145056 | 1222600 | 28908005.68 | 3.01% |
| Standard Chartered | STAN LN | 0408284 | 1219500 | 28436980.87 | 2.96% |
| China Mobile | 941 HK | Y14965100 | 2109785 | 24119388.12 | 2.51% |
| FEMSA | FMX US | 344419106 | 240900 | 23627472.00 | 2.46% |
| Banco Bradesco | BBD US | 059460303 | 1401600 | 23602944.00 | 2.46% |
| Taiwan Semiconductor | TSM US | 874039100 | 1357300 | 23440571.00 | 2.44% |
| Royal Dutch Shell PLC | RDSB LN | G7690A118 | 662200 | 22865166.21 | 2.38% |
| Taiwan Semiconductor | 2330 TT | 6889106 | 6608000 | 22448182.81 | 2.34% |
| Casino Guich-Perr | CO FP | F14133106 | 215800 | 19593360.96 | 2.04% |
| Canadian National Railways | CNR CN | 136375102 | 217500 | 19562054.93 | 2.04% |
| HSBC Holdings | HSBA LN | 0540528 | 1912400 | 19544917.42 | 2.03% |
| Singapore Telecommunications | ST SP | B02PY22 | 7186000 | 19489295.74 | 2.03% |
| Oversea-Chinese Banking | OCBC SP | B0F9V20 | 2512184 | 19369660.46 | 2.02% |
| Nordea Bank | NDA SS | 5380031 | 2106800 | 19268672.12 | 2.01% |
| Centrica | CNA LN | B033F22 | 3661800 | 19125714.51 | 1.99% |
| Shin-Etsu Chemical | 4063 JP | 6804585 | 318399 | 18724810.20 | 1.95% |
| QBE Insurance | QBE AU | 6715740 | 1634300 | 18652628.04 | 1.94% |
| Potash Corp. of Saskatchewan | POT CN | 73755L107 | 480900 | 18605203.57 | 1.94% |
| Vale | VALE/P US | 91912E204 | 1082400 | 18498216.00 | 1.93% |
| Petrobras | PBR/A US | 71654V101 | 994600 | 17455230.00 | 1.82% |
| Ericsson | ERICB SS | 5959378 | 1611300 | 15003040.48 | 1.56% |
| Weir Group | WEIR LN | 0946580 | 492300 | 14911808.85 | 1.55% |
| Canon | 7751 JP | 6172323 | 425349 | 14869420.70 | 1.55% |
| City Developments | CIT SP | 6197928 | 1528000 | 14673438.80 | 1.53% |
| GDF SUEZ | GSZ FP | B0C2CQ3 | 651700 | 14659128.38 | 1.53% |
| Fanuc | 6954 JP | 6356934 | 82600 | 13921910.52 | 1.45% |
| Daito Trust Construction | 1878 JP | 6250508 | 142900 | 13844682.44 | 1.44% |
| Petrochina | 857 HK | 6226576 | 10302000 | 13797908.57 | 1.44% |
| Schneider Electric | SU FP | 4834108 | 143100 | 10057611.02 | 1.05% |
| SCHINDLER HOLDING AG | SCHP VX | B11TCY0 | 71400 | 10019396.04 | 1.04% |
| ATLAS COPCO AG | ATCOA SS | B1QGR41 | 380000 | 9781503.14 | 1.02% |
| AIA Grp | 1299 HK | B4TX8S1 | 2456000 | 9554545.72 | 0.99% |
| Linde Ag | LIN GR | 5740817 | 55200 | 9544809.84 | 0.99% |
| Rio Tinto | RIO LN | G75754104 | 191100 | 9474351.55 | 0.99% |
| BHP Billiton | BLT LN | 0056650 | 292100 | 9184790.36 | 0.96% |
| Telus Corp | T CN | 87971M103 | 140100 | 9145141.00 | 0.95% |
| Swire Pacific | 19 HK | 6867748 | 740500 | 9077014.56 | 0.94% |
| Wood Group (John) | WG/ LN | B5N0P84 | 688700 | 8576099.08 | 0.89% |
| Royal Dutch Shell | RDSA LN | G7690A100 | 159400 | 5337887.06 | 0.56% |
Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.