Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ASML | New | ASML HOLDING N V | $61,280,000 | – | 657,016 | – | 17.29% | – |
| HSBC | New | HSBC HLDGS PLCspon adr new | $43,942,000 | – | 865,000 | – | 12.40% | – |
| HDB | New | HDFC BANK LTD | $40,686,000 | – | 868,981 | – | 11.48% | – |
| NICE | New | NICE SYS LTDsponsored adr | $38,990,000 | – | 955,395 | – | 11.00% | – |
| RDY | New | DR REDDYS LABS LTDadr | $37,454,000 | – | 867,997 | – | 10.57% | – |
| MFC | New | MANULIFE FINL CORP | $36,118,000 | – | 1,817,735 | – | 10.19% | – |
| CCJ | New | CAMECO CORP | $27,710,000 | – | 1,413,035 | – | 7.82% | – |
| ITUB | New | ITAU UNIBANCO BANCO MULTIPL SAspons adr | $21,075,000 | – | 1,465,602 | – | 5.95% | – |
| BNS | New | BANK OF NOVA SCOTIA HALIFAX | $20,268,000 | – | 304,327 | – | 5.72% | – |
| CHU | New | CHINA UNICOM (HONG KONG) LTDsponsored adr | $2,794,000 | – | 182,289 | – | 0.79% | – |
| TM | New | TOYOTA MOTOR CORP | $2,419,000 | – | 20,218 | – | 0.68% | – |
| BHP | New | BHP BILLITON LTDsponsored adr | $2,381,000 | – | 34,781 | – | 0.67% | – |
| PUK | New | PRUDENTIAL PLCadr | $1,975,000 | – | 43,038 | – | 0.56% | – |
| CS | New | CREDIT SUISSE GROUPsponsored adr | $1,953,000 | – | 68,823 | – | 0.55% | – |
| SSLT | New | SESA STERLITE LTDsponsored adr | $1,669,000 | – | 86,201 | – | 0.47% | – |
| NMR | New | NOMURA HLDGS INCsponsored adr | $1,534,000 | – | 218,199 | – | 0.43% | – |
| EFA | New | ISHARES TRmsci eafe idx | $1,382,000 | – | 20,214 | – | 0.39% | – |
| NJDCY | New | NIDEC CORPsponsored adr | $1,353,000 | – | 87,927 | – | 0.38% | – |
| NVO | New | NOVO-NORDISK A Sadr | $1,328,000 | – | 28,750 | – | 0.38% | – |
| DEO | New | DIAGEO P L Cspon adr new | $1,309,000 | – | 10,282 | – | 0.37% | – |
| ARMH | New | ARM HLDGS PLCsponsored adr | $1,298,000 | – | 28,698 | – | 0.37% | – |
| ABB | New | ABB LTDsponsored adr | $1,189,000 | – | 51,657 | – | 0.34% | – |
| CUK | New | CARNIVAL PLCadr | $1,134,000 | – | 29,879 | – | 0.32% | – |
| GRFS | New | GRIFOLS S Asponsored adr | $1,121,000 | – | 25,445 | – | 0.32% | – |
| AIXNY | New | AIXTRON AKTIENGESELLSCHAFTsponsored adr | $1,035,000 | – | 71,173 | – | 0.29% | – |
| SCCO | New | SOUTHERN COPPER CORP | $985,000 | – | 32,442 | – | 0.28% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -34,062 | – | -0.11% | – |
| CUK | Exit | CARNIVAL PLCadr | $0 | – | -25,562 | – | -0.17% | – |
| NVS | Exit | NOVARTIS A Gsponsored adr | $0 | – | -11,301 | – | -0.17% | – |
| SAP | Exit | SAP AGspon adr | $0 | – | -13,243 | – | -0.19% | – |
| AIXNY | Exit | AIXTRON AKTIENGESELLSCHAFTsponsored adr | $0 | – | -59,768 | – | -0.19% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -72,223 | – | -0.22% | – |
| CPA | Exit | COPA HOLDINGS SAcl a | $0 | – | -8,117 | – | -0.22% | – |
| ARMH | Exit | ARM HLDGS PLCsponsored adr | $0 | – | -23,753 | – | -0.22% | – |
| NVO | Exit | NOVO-NORDISK A Sadr | $0 | – | -6,927 | – | -0.22% | – |
| BCH | Exit | BANCO DE CHILEsponsored adr | $0 | – | -13,234 | – | -0.23% | – |
| GRFS | Exit | GRIFOLS S Asponsored adr | $0 | – | -40,560 | – | -0.24% | – |
| BCS | Exit | BARCLAYS PLCadr | $0 | – | -75,351 | – | -0.25% | – |
| DEO | Exit | DIAGEO P L Cspon adr new | $0 | – | -12,043 | – | -0.29% | – |
| EEM | Exit | ISHARES TRmsci emerg mkt | $0 | – | -40,274 | – | -0.32% | – |
| ABB | Exit | ABB LTDsponsored adr | $0 | – | -70,850 | – | -0.32% | – |
| VIV | Exit | TELEFONICA BRASIL SAsponsored adr | $0 | – | -75,390 | – | -0.32% | – |
| SU | Exit | SUNCOR ENERGY INC | $0 | – | -48,933 | – | -0.34% | – |
| CNI | Exit | CANADIAN NATL RY CO | $0 | – | -17,347 | – | -0.34% | – |
| PUK | Exit | PRUDENTIAL PLCadr | $0 | – | -49,292 | – | -0.35% | – |
| SSLT | Exit | SESA GOA LTDsponsored adr | $0 | – | -187,186 | – | -0.40% | – |
| CIB | Exit | BANCOLOMBIA S Aspon adr pref | $0 | – | -37,363 | – | -0.41% | – |
| CBD | Exit | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $0 | – | -47,937 | – | -0.42% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROBRsp adr non vtg | $0 | – | -132,216 | – | -0.42% | – |
| BHP | Exit | BHP BILLITON LTDsponsored adr | $0 | – | -33,505 | – | -0.43% | – |
| BUD | Exit | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $0 | – | -22,989 | – | -0.44% | – |
| CS | Exit | CREDIT SUISSE GROUPsponsored adr | $0 | – | -77,924 | – | -0.46% | – |
| CHU | Exit | CHINA UNICOM (HONG KONG) LTDsponsored adr | $0 | – | -165,840 | – | -0.49% | – |
| EOCCY | Exit | EMPRESA NACIONAL DE ELCTRCIDsponsored adr | $0 | – | -65,296 | – | -0.53% | – |
| CCU | Exit | COMPANIA CERVECERIAS UNIDASsponsored adr | $0 | – | -103,920 | – | -0.53% | – |
| TM | Exit | TOYOTA MOTOR CORP | $0 | – | -24,030 | – | -0.59% | – |
| CX | Exit | CEMEX SAB DE CVspon adr new | $0 | – | -286,482 | – | -0.61% | – |
| ABV | Exit | COMPANHIA DE BEBIDAS DAS AMEsponsored adr | $0 | – | -87,777 | – | -0.64% | – |
| AMX | Exit | AMERICA MOVIL SAB DE CV | $0 | – | -171,697 | – | -0.65% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA PETROsponsored adr | $0 | – | -220,711 | – | -0.66% | – |
| VALEP | Exit | VALE S Aadr repstg pfd | $0 | – | -241,307 | – | -0.66% | – |
| RDY | Exit | DR REDDYS LABS LTDadr | $0 | – | -99,680 | – | -0.72% | – |
| BBD | Exit | BANCO BRADESCO S Asp adr pfd new | $0 | – | -291,635 | – | -0.78% | – |
| TV | Exit | GRUPO TELEVISA SAspon adr rep ord | $0 | – | -192,105 | – | -1.03% | – |
| BAP | Exit | CREDICORP LTD | $0 | – | -44,195 | – | -1.09% | – |
| EFA | Exit | ISHARES TRmsci eafe idx | $0 | – | -94,779 | – | -1.16% | – |
| CCJ | Exit | CAMECO CORP | $0 | – | -1,822,017 | – | -6.31% | – |
| BNS | Exit | BANK OF NOVA SCOTIA HALIFAX | $0 | – | -717,443 | – | -7.88% | – |
| HDB | Exit | HDFC BANK LTD | $0 | – | -1,588,693 | – | -9.38% | – |
| ITUB | Exit | ITAU UNIBANCO BANCO MULTIPL SAspons adr | $0 | – | -3,690,877 | – | -9.99% | – |
| NICE | Exit | NICE SYS LTDsponsored adr | $0 | – | -1,378,008 | – | -10.93% | – |
| MFC | Exit | MANULIFE FINL CORP | $0 | – | -3,869,219 | – | -12.29% | – |
| HSBC | Exit | HSBC HLDGS PLCspon adr new | $0 | – | -1,205,335 | – | -12.54% | – |
| ASML | Exit | ASML HOLDING N V | $0 | – | -679,220 | – | -12.86% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ASML | Buy | ASML HOLDING N V | $67,080,000 | +150.3% | 679,220 | +100.5% | 12.86% | +117.3% |
| HSBC | Buy | HSBC HLDGS PLCspon adr new | $65,401,000 | +6.8% | 1,205,335 | +2.1% | 12.54% | -7.3% |
| MFC | Buy | MANULIFE FINL CORP | $64,074,000 | +40.1% | 3,869,219 | +35.5% | 12.29% | +21.6% |
| NICE | Sell | NICE SYS LTDsponsored adr | $57,008,000 | +6.6% | 1,378,008 | -5.0% | 10.93% | -7.5% |
| ITUB | Buy | ITAU UNIBANCO BANCO MULTIPL SAspons adr | $52,115,000 | +18.6% | 3,690,877 | +8.6% | 9.99% | +3.0% |
| HDB | Buy | HDFC BANK LTD | $48,900,000 | -2.4% | 1,588,693 | +15.0% | 9.38% | -15.2% |
| BNS | Buy | BANK OF NOVA SCOTIA HALIFAX | $41,118,000 | +11.1% | 717,443 | +3.8% | 7.88% | -3.5% |
| CCJ | Sell | CAMECO CORP | $32,924,000 | -18.9% | 1,822,017 | -7.3% | 6.31% | -29.6% |
| EFA | Buy | ISHARES TRmsci eafe idx | $6,047,000 | +163.8% | 94,779 | +136.9% | 1.16% | +129.1% |
| BAP | Buy | CREDICORP LTD | $5,677,000 | +87.4% | 44,195 | +86.7% | 1.09% | +62.8% |
| TV | Sell | GRUPO TELEVISA SAspon adr rep ord | $5,369,000 | -28.5% | 192,105 | -36.4% | 1.03% | -37.9% |
| BBD | Sell | BANCO BRADESCO S Asp adr pfd new | $4,048,000 | -15.9% | 291,635 | -21.2% | 0.78% | -27.0% |
| RDY | Buy | DR REDDYS LABS LTDadr | $3,767,000 | +6.9% | 99,680 | +7.0% | 0.72% | -7.2% |
| VALEP | Buy | VALE S Aadr repstg pfd | $3,429,000 | +31.6% | 241,307 | +12.6% | 0.66% | +14.3% |
| PBR | Sell | PETROLEO BRASILEIRO SA PETROsponsored adr | $3,419,000 | +12.0% | 220,711 | -3.1% | 0.66% | -2.7% |
| AMX | Sell | AMERICA MOVIL SAB DE CV | $3,401,000 | -11.7% | 171,697 | -3.1% | 0.65% | -23.4% |
| ABV | Buy | COMPANHIA DE BEBIDAS DAS AMEsponsored adr | $3,366,000 | +54.1% | 87,777 | +50.1% | 0.64% | +33.8% |
| CX | Sell | CEMEX SAB DE CVspon adr new | $3,203,000 | +2.4% | 286,482 | -3.1% | 0.61% | -11.1% |
| CCU | Sell | COMPANIA CERVECERIAS UNIDASsponsored adr | $2,765,000 | -9.9% | 103,920 | -3.1% | 0.53% | -21.7% |
| EOCCY | Sell | EMPRESA NACIONAL DE ELCTRCIDsponsored adr | $2,742,000 | -7.9% | 65,296 | -3.1% | 0.53% | -19.9% |
| CHU | Buy | CHINA UNICOM (HONG KONG) LTDsponsored adr | $2,557,000 | +27.5% | 165,840 | +8.7% | 0.49% | +10.6% |
| CS | Buy | CREDIT SUISSE GROUPsponsored adr | $2,381,000 | +26.0% | 77,924 | +9.1% | 0.46% | +9.6% |
| BUD | Sell | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $2,281,000 | -31.5% | 22,989 | -37.7% | 0.44% | -40.5% |
| PBRA | Sell | PETROLEO BRASILEIRO SA PETROBRsp adr non vtg | $2,212,000 | +10.6% | 132,216 | -3.1% | 0.42% | -4.1% |
| CBD | Sell | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $2,206,000 | -1.9% | 47,937 | -3.1% | 0.42% | -14.7% |
| CIB | Sell | BANCOLOMBIA S Aspon adr pref | $2,150,000 | -1.3% | 37,363 | -3.1% | 0.41% | -14.3% |
| SSLT | New | SESA GOA LTDsponsored adr | $2,110,000 | – | 187,186 | – | 0.40% | – |
| CNI | Sell | CANADIAN NATL RY CO | $1,758,000 | -46.3% | 17,347 | -48.4% | 0.34% | -53.3% |
| SU | Sell | SUNCOR ENERGY INC | $1,751,000 | -21.8% | 48,933 | -35.5% | 0.34% | -32.0% |
| VIV | Sell | TELEFONICA BRASIL SAsponsored adr | $1,692,000 | -4.7% | 75,390 | -3.1% | 0.32% | -17.3% |
| EEM | Buy | ISHARES TRmsci emerg mkt | $1,642,000 | +172.3% | 40,274 | +157.8% | 0.32% | +136.8% |
| DEO | Buy | DIAGEO P L Cspon adr new | $1,530,000 | +19.7% | 12,043 | +8.3% | 0.29% | +3.9% |
| BCS | Buy | BARCLAYS PLCadr | $1,284,000 | +6.5% | 75,351 | +6.9% | 0.25% | -7.5% |
| GRFS | Sell | GRIFOLS S Asponsored adr | $1,228,000 | -12.5% | 40,560 | -17.7% | 0.24% | -24.2% |
| BCH | Sell | BANCO DE CHILEsponsored adr | $1,214,000 | +2.1% | 13,234 | -3.1% | 0.23% | -11.4% |
| NVO | Sell | NOVO-NORDISK A Sadr | $1,172,000 | -3.8% | 6,927 | -11.9% | 0.22% | -16.4% |
| CPA | Sell | COPA HOLDINGS SAcl a | $1,126,000 | +2.6% | 8,117 | -3.1% | 0.22% | -10.7% |
| VALE | Sell | VALE S Aadr | $1,127,000 | +15.0% | 72,223 | -3.1% | 0.22% | 0.0% |
| AIXNY | Sell | AIXTRON AKTIENGESELLSCHAFTsponsored adr | $1,014,000 | -13.1% | 59,768 | -14.1% | 0.19% | -24.8% |
| SAP | Sell | SAP AGspon adr | $979,000 | -14.6% | 13,243 | -15.9% | 0.19% | -25.7% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $578,000 | -75.4% | 34,062 | -73.4% | 0.11% | -78.6% |
| DXJ | Exit | WISDOMTREE TRUSTjapn hedge eqt | $0 | – | -20,148 | – | -0.20% | – |
| CAJ | Exit | CANON INCadr | $0 | – | -34,773 | – | -0.25% | – |
| POT | Exit | POTASH CORP SASK INC | $0 | – | -31,833 | – | -0.27% | – |
| SLT | Exit | STERLITE INDS INDIA LTDads | $0 | – | -217,098 | – | -0.28% | – |
| IBN | Exit | ICICI BK LTDadr | $0 | – | -59,738 | – | -0.50% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HSBC | New | HSBC HLDGS PLCspon adr new | $61,259,000 | – | 1,180,326 | – | 13.53% | – |
| NICE | New | NICE SYS LTDsponsored adr | $53,485,000 | – | 1,449,856 | – | 11.81% | – |
| HDB | New | HDFC BANK LTD | $50,078,000 | – | 1,381,855 | – | 11.06% | – |
| MFC | New | MANULIFE FINL CORP | $45,736,000 | – | 2,854,957 | – | 10.10% | – |
| ITUB | New | ITAU UNIBANCO BANCO MULTIPL SAspons adr | $43,928,000 | – | 3,399,969 | – | 9.70% | – |
| CCJ | New | CAMECO CORP | $40,595,000 | – | 1,964,891 | – | 8.96% | – |
| BNS | New | BANK OF NOVA SCOTIA HALIFAX | $37,002,000 | – | 691,150 | – | 8.17% | – |
| ASML | New | ASML HOLDING N V | $26,802,000 | – | 338,839 | – | 5.92% | – |
| TV | New | GRUPO TELEVISA SAspon adr rep ord | $7,505,000 | – | 302,151 | – | 1.66% | – |
| BBD | New | BANCO BRADESCO S Asp adr pfd new | $4,812,000 | – | 369,905 | – | 1.06% | – |
| AMX | New | AMERICA MOVIL SAB DE CV | $3,853,000 | – | 177,151 | – | 0.85% | – |
| RDY | New | DR REDDYS LABS LTDadr | $3,525,000 | – | 93,199 | – | 0.78% | – |
| BUD | New | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $3,330,000 | – | 36,896 | – | 0.74% | – |
| CNI | New | CANADIAN NATL RY CO | $3,271,000 | – | 33,627 | – | 0.72% | – |
| CX | New | CEMEX SAB DE CVspon adr new | $3,127,000 | – | 295,581 | – | 0.69% | – |
| CCU | New | COMPANIA CERVECERIAS UNIDASsponsored adr | $3,068,000 | – | 107,220 | – | 0.68% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $3,054,000 | – | 227,721 | – | 0.67% | – |
| BAP | New | CREDICORP LTD | $3,029,000 | – | 23,669 | – | 0.67% | – |
| EOCCY | New | EMPRESA NACIONAL DE ELCTRCIDsponsored adr | $2,976,000 | – | 67,370 | – | 0.66% | – |
| TM | New | TOYOTA MOTOR CORP | $2,899,000 | – | 24,030 | – | 0.64% | – |
| VALEP | New | VALE S Aadr repstg pfd | $2,606,000 | – | 214,337 | – | 0.58% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $2,345,000 | – | 128,006 | – | 0.52% | – |
| EFA | New | ISHARES TRmsci eafe idx | $2,292,000 | – | 40,002 | – | 0.51% | – |
| IBN | New | ICICI BK LTDadr | $2,285,000 | – | 59,738 | – | 0.50% | – |
| CBD | New | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $2,248,000 | – | 49,459 | – | 0.50% | – |
| SU | New | SUNCOR ENERGY INC | $2,238,000 | – | 75,878 | – | 0.49% | – |
| ABV | New | COMPANHIA DE BEBIDAS DAS AMEsponsored adr | $2,184,000 | – | 58,463 | – | 0.48% | – |
| CIB | New | BANCOLOMBIA S Aspon adr pref | $2,178,000 | – | 38,549 | – | 0.48% | – |
| CHU | New | CHINA UNICOM (HONG KONG) LTDsponsored adr | $2,005,000 | – | 152,602 | – | 0.44% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROBRsp adr non vtg | $2,000,000 | – | 136,415 | – | 0.44% | – |
| BHP | New | BHP BILLITON LTDsponsored adr | $1,932,000 | – | 33,505 | – | 0.43% | – |
| CS | New | CREDIT SUISSE GROUPsponsored adr | $1,890,000 | – | 71,431 | – | 0.42% | – |
| VIV | New | TELEFONICA BRASIL SAsponsored adr | $1,775,000 | – | 77,785 | – | 0.39% | – |
| PUK | New | PRUDENTIAL PLCadr | $1,613,000 | – | 49,292 | – | 0.36% | – |
| ABB | New | ABB LTDsponsored adr | $1,535,000 | – | 70,850 | – | 0.34% | – |
| GRFS | New | GRIFOLS S Asponsored adr | $1,403,000 | – | 49,256 | – | 0.31% | – |
| DEO | New | DIAGEO P L Cspon adr new | $1,278,000 | – | 11,117 | – | 0.28% | – |
| SLT | New | STERLITE INDS INDIA LTDads | $1,268,000 | – | 217,098 | – | 0.28% | – |
| NVO | New | NOVO-NORDISK A Sadr | $1,218,000 | – | 7,861 | – | 0.27% | – |
| POT | New | POTASH CORP SASK INC | $1,214,000 | – | 31,833 | – | 0.27% | – |
| BCS | New | BARCLAYS PLCadr | $1,206,000 | – | 70,465 | – | 0.27% | – |
| BCH | New | BANCO DE CHILEsponsored adr | $1,189,000 | – | 13,655 | – | 0.26% | – |
| AIXNY | New | AIXTRON AKTIENGESELLSCHAFTsponsored adr | $1,167,000 | – | 69,544 | – | 0.26% | – |
| SAP | New | SAP AGspon adr | $1,146,000 | – | 15,742 | – | 0.25% | – |
| CAJ | New | CANON INCadr | $1,143,000 | – | 34,773 | – | 0.25% | – |
| CPA | New | COPA HOLDINGS SAcl a | $1,098,000 | – | 8,375 | – | 0.24% | – |
| VALE | New | VALE S Aadr | $980,000 | – | 74,524 | – | 0.22% | – |
| DXJ | New | WISDOMTREE TRUSTjapn hedge eqt | $919,000 | – | 20,148 | – | 0.20% | – |
| CUK | New | CARNIVAL PLCadr | $896,000 | – | 25,562 | – | 0.20% | – |
| ARMH | New | ARM HLDGS PLCsponsored adr | $859,000 | – | 23,753 | – | 0.19% | – |
| NVS | New | NOVARTIS A Gsponsored adr | $799,000 | – | 11,301 | – | 0.18% | – |
| EEM | New | ISHARES TRmsci emerg mkt | $603,000 | – | 15,624 | – | 0.13% | – |