Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | New | AMBEV SA-ADR | $37,843,000 | – | 6,403,278 | – | 27.05% | – |
| CTRP | New | CTRIP.COM INTERNATIONAL-ADR | $26,994,000 | – | 655,189 | – | 19.30% | – |
| TTM | New | TATA MOTORS LTD-SPON ADR | $26,885,000 | – | 777,058 | – | 19.22% | – |
| BRFS | New | BRF SA-ADR | $19,872,000 | – | 1,426,534 | – | 14.20% | – |
| VIPS | New | VIPSHOP HOLDINGS LTD - ADR | $13,462,000 | – | 1,203,450 | – | 9.62% | – |
| CBD | New | CIA BRASILEIRA DE DIS-SP PRF | $10,769,000 | – | 740,151 | – | 7.70% | – |
| TLK | New | TELEKOMUNIK INDONESIA-SP ADR | $661,000 | – | 11,167 | – | 0.47% | – |
| AMX | New | AMERICA MOVIL-SPN ADR CL L | $651,000 | – | 53,080 | – | 0.46% | – |
| JD | New | JD.COM INC-ADR | $632,000 | – | 29,752 | – | 0.45% | – |
| FMX | New | FOMENTO ECONOMICO MEX-SP ADR | $581,000 | – | 6,278 | – | 0.42% | – |
| TV | New | GRUPO TELEVISA SA-SPON ADR | $445,000 | – | 16,983 | – | 0.32% | – |
| HDB | New | HDFC BANK LTD-ADR | $332,000 | – | 4,999 | – | 0.24% | – |
| IBN | New | ICICI BANK LTD-SPON ADR | $243,000 | – | 33,913 | – | 0.17% | – |
| VIV | New | TELEFONICA BRASIL-ADR | $229,000 | – | 16,872 | – | 0.16% | – |
| MBT | New | MOBILE TELESYSTEMS-SP ADR | $155,000 | – | 18,713 | – | 0.11% | – |
| ENIA | New | ENERSIS AMERICAS-SPONS ADR | $95,000 | – | 11,041 | – | 0.07% | – |
| VALE | New | VALE SA-SP ADR | $51,000 | – | 10,113 | – | 0.04% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PBR | Exit | PETROLEO BRASILEIRO-SPON ADR | $0 | – | -12,465 | – | -0.04% | – |
| BBD | Exit | BANCO BRADESCO-ADR | $0 | – | -10,436 | – | -0.04% | – |
| SCCO | Exit | SOUTHERN COPPER CORP | $0 | – | -7,521 | – | -0.14% | – |
| PHI | Exit | PHILIPPINE LONG DIST -SP ADR | $0 | – | -5,905 | – | -0.19% | – |
| MBT | Exit | MOBILE TELESYSTEMS-SP ADR | $0 | – | -40,597 | – | -0.21% | – |
| VIV | Exit | TELEFONICA BRASIL-ADR | $0 | – | -32,330 | – | -0.21% | – |
| ENIA | Exit | ENERSIS S.A. -SPONS ADR | $0 | – | -33,658 | – | -0.30% | – |
| TLK | Exit | TELEKOMUNIK INDONESIA-SP ADR | $0 | – | -22,120 | – | -0.56% | – |
| TV | Exit | GRUPO TELEVISA SA-SPON ADR | $0 | – | -33,032 | – | -0.61% | – |
| FMX | Exit | FOMENTO ECONOMICO MEX-SP ADR | $0 | – | -16,200 | – | -1.02% | – |
| AMX | Exit | AMERICA MOVIL-SPN ADR CL L | $0 | – | -89,566 | – | -1.05% | – |
| JD | Exit | JD.COM INC-ADR | $0 | – | -63,861 | – | -1.18% | – |
| LTMAQ | Exit | LATAM AIRLINES GROUP-SP ADR | $0 | – | -571,560 | – | -1.97% | – |
| CBD | Exit | CIA BRASILEIRA DE DIS-SP PRF | $0 | – | -656,227 | – | -5.82% | – |
| VIPS | Exit | VIPSHOP HOLDINGS LTD - ADR | $0 | – | -1,035,811 | – | -12.30% | – |
| CTRP | Exit | CTRIP.COM INTERNATIONAL-ADR | $0 | – | -426,896 | – | -19.07% | – |
| BRFS | Exit | BRF SA-ADR | $0 | – | -1,810,677 | – | -22.78% | – |
| ABEV | Exit | AMBEV SA-ADR | $0 | – | -9,384,260 | – | -32.52% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | Sell | AMBEV SA-ADR | $45,983,000 | -29.9% | 9,384,260 | -12.7% | 32.52% | +6.8% |
| BRFS | Sell | BRF SA-ADR | $32,212,000 | -25.6% | 1,810,677 | -12.6% | 22.78% | +13.3% |
| CTRP | Sell | CTRIP.COM INTERNATIONAL-ADR | $26,971,000 | -24.8% | 426,896 | -13.6% | 19.07% | +14.5% |
| VIPS | Sell | VIPSHOP HOLDINGS LTD - ADR | $17,402,000 | -34.8% | 1,035,811 | -13.6% | 12.30% | -0.7% |
| CBD | Sell | CIA BRASILEIRA DE DIS-SP PRF | $8,229,000 | -54.6% | 656,227 | -14.4% | 5.82% | -30.9% |
| LTMAQ | Sell | LATAM AIRLINES GROUP-SP ADR | $2,789,000 | -80.1% | 571,560 | -71.3% | 1.97% | -69.7% |
| JD | New | JD.COM INC-ADR | $1,664,000 | – | 63,861 | – | 1.18% | – |
| AMX | Sell | AMERICA MOVIL-SPN ADR CL L | $1,482,000 | -26.3% | 89,566 | -5.1% | 1.05% | +12.2% |
| FMX | Buy | FOMENTO ECONOMICO MEX-SP ADR | $1,446,000 | +11.6% | 16,200 | +11.3% | 1.02% | +69.8% |
| TV | Sell | GRUPO TELEVISA SA-SPON ADR | $859,000 | -48.9% | 33,032 | -23.8% | 0.61% | -22.3% |
| TLK | Buy | TELEKOMUNIK INDONESIA-SP ADR | $789,000 | -15.1% | 22,120 | +3.3% | 0.56% | +29.5% |
| ENIA | Buy | ENERSIS S.A. -SPONS ADR | $425,000 | -20.3% | 33,658 | +0.0% | 0.30% | +21.9% |
| VIV | Sell | TELEFONICA BRASIL-ADR | $295,000 | -34.4% | 32,330 | -0.0% | 0.21% | 0.0% |
| MBT | Sell | MOBILE TELESYSTEMS-SP ADR | $293,000 | -36.4% | 40,597 | -13.9% | 0.21% | -3.3% |
| SCCO | Sell | SOUTHERN COPPER CORP | $201,000 | -17.6% | 7,521 | -9.3% | 0.14% | +25.7% |
| BBD | New | BANCO BRADESCO-ADR | $56,000 | – | 10,436 | – | 0.04% | – |
| PBR | New | PETROLEO BRASILEIRO-SPON ADR | $54,000 | – | 12,465 | – | 0.04% | – |
| QCOM | Exit | QUALCOMM INC | $0 | – | -4,013 | – | -0.12% | – |
| NEBLQ | Exit | NOBLE CORP PLC | $0 | – | -16,560 | – | -0.12% | – |
| LVS | Exit | LAS VEGAS SANDS CORP | $0 | – | -4,849 | – | -0.12% | – |
| NXPI | Exit | NXP SEMICONDUCTORS NV | $0 | – | -2,590 | – | -0.12% | – |
| KSU | Exit | KANSAS CITY SOUTHERN | $0 | – | -2,843 | – | -0.12% | – |
| VC | Exit | VISTEON CORP | $0 | – | -2,460 | – | -0.12% | – |
| KOF | Exit | COCA-COLA FEMSA SAB-SP ADR | $0 | – | -3,285 | – | -0.12% | – |
| SWKS | Exit | SKYWORKS SOLUTIONS INC | $0 | – | -2,518 | – | -0.12% | – |
| YUM | Exit | YUM! BRANDS INC | $0 | – | -2,919 | – | -0.12% | – |
| MJN | Exit | MEAD JOHNSON NUTRITION CO | $0 | – | -2,906 | – | -0.12% | – |
| AVGO | Exit | AVAGO TECHNOLOGIES LTD | $0 | – | -2,000 | – | -0.12% | – |
| CIG | Exit | CEMIG SA -SPONS ADR | $0 | – | -88,787 | – | -0.16% | – |
| TTM | Exit | TATA MOTORS LTD-SPON ADR | $0 | – | -19,309 | – | -0.31% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | New | AMBEV SA-ADR | $65,558,000 | – | 10,747,166 | – | 30.44% | – |
| BRFS | New | BRF SA-ADR | $43,298,000 | – | 2,070,696 | – | 20.10% | – |
| CTRP | New | CTRIP.COM INTERNATIONAL-ADR | $35,880,000 | – | 494,078 | – | 16.66% | – |
| VIPS | New | VIPSHOP HOLDINGS LTD - ADR | $26,682,000 | – | 1,199,188 | – | 12.39% | – |
| CBD | New | CIA BRASILEIRA DE DIS-SP PRF | $18,144,000 | – | 766,543 | – | 8.42% | – |
| LTMAQ | New | LATAM AIRLINES GROUP-SP ADR | $14,007,000 | – | 1,989,582 | – | 6.50% | – |
| AMX | New | AMERICA MOVIL-SPN ADR CL L | $2,012,000 | – | 94,413 | – | 0.93% | – |
| TV | New | GRUPO TELEVISA SA-SPON ADR | $1,682,000 | – | 43,341 | – | 0.78% | – |
| FMX | New | FOMENTO ECONOMICO MEX-SP ADR | $1,296,000 | – | 14,551 | – | 0.60% | – |
| TLK | New | TELEKOMUNIK INDONESIA-SP ADR | $929,000 | – | 21,405 | – | 0.43% | – |
| TTM | New | TATA MOTORS LTD-SPON ADR | $666,000 | – | 19,309 | – | 0.31% | – |
| ENIA | New | ENERSIS S.A. -SPONS ADR | $533,000 | – | 33,654 | – | 0.25% | – |
| MBT | New | MOBILE TELESYSTEMS-SP ADR | $461,000 | – | 47,143 | – | 0.21% | – |
| VIV | New | TELEFONICA BRASIL-ADR | $450,000 | – | 32,331 | – | 0.21% | – |
| PHI | New | PHILIPPINE LONG DIST -SP ADR | $368,000 | – | 5,905 | – | 0.17% | – |
| CIG | New | CEMIG SA -SPONS ADR | $338,000 | – | 88,787 | – | 0.16% | – |
| AVGO | New | AVAGO TECHNOLOGIES LTD | $266,000 | – | 2,000 | – | 0.12% | – |
| YUM | New | YUM! BRANDS INC | $263,000 | – | 2,919 | – | 0.12% | – |
| SWKS | New | SKYWORKS SOLUTIONS INC | $262,000 | – | 2,518 | – | 0.12% | – |
| MJN | New | MEAD JOHNSON NUTRITION CO | $262,000 | – | 2,906 | – | 0.12% | – |
| KOF | New | COCA-COLA FEMSA SAB-SP ADR | $261,000 | – | 3,285 | – | 0.12% | – |
| KSU | New | KANSAS CITY SOUTHERN | $259,000 | – | 2,843 | – | 0.12% | – |
| VC | New | VISTEON CORP | $258,000 | – | 2,460 | – | 0.12% | – |
| LVS | New | LAS VEGAS SANDS CORP | $255,000 | – | 4,849 | – | 0.12% | – |
| NEBLQ | New | NOBLE CORP PLC | $255,000 | – | 16,560 | – | 0.12% | – |
| NXPI | New | NXP SEMICONDUCTORS NV | $254,000 | – | 2,590 | – | 0.12% | – |
| QCOM | New | QUALCOMM INC | $251,000 | – | 4,013 | – | 0.12% | – |
| SCCO | New | SOUTHERN COPPER CORP | $244,000 | – | 8,293 | – | 0.11% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KOF | Exit | COCA-COLA FEMSA SAB-SP ADRspon adr rep l | $0 | – | -2,295 | – | -0.08% | – |
| NEBLQ | Exit | NOBLE CORP PLC | $0 | – | -10,860 | – | -0.08% | – |
| VC | Exit | VISTEON CORP | $0 | – | -2,520 | – | -0.08% | – |
| SCCO | Exit | SOUTHERN COPPER CORP | $0 | – | -8,293 | – | -0.08% | – |
| QCOM | Exit | QUALCOMM INC | $0 | – | -3,367 | – | -0.09% | – |
| NXPI | Exit | NXP SEMICONDUCTORS NV | $0 | – | -3,750 | – | -0.09% | – |
| MJN | Exit | MEAD JOHNSON NUTRITION CO | $0 | – | -2,741 | – | -0.09% | – |
| AVGO | Exit | AVAGO TECHNOLOGIES LTD | $0 | – | -3,050 | – | -0.09% | – |
| LVS | Exit | LAS VEGAS SANDS CORP | $0 | – | -4,249 | – | -0.09% | – |
| KSU | Exit | KANSAS CITY SOUTHERN | $0 | – | -2,193 | – | -0.09% | – |
| YUM | Exit | YUM! BRANDS INC | $0 | – | -3,689 | – | -0.09% | – |
| SWKS | Exit | SKYWORKS SOLUTIONS INC | $0 | – | -4,778 | – | -0.09% | – |
| PHI | Exit | PHILIPPINE LONG DIST -SP ADRsponsored adr | $0 | – | -4,068 | – | -0.10% | – |
| VIV | Exit | TELEFONICA BRASIL-ADRsponsored adr | $0 | – | -16,501 | – | -0.11% | – |
| CIG | Exit | CEMIG SA -SPONS ADRsp adr n-v pfd | $0 | – | -60,621 | – | -0.13% | – |
| MBT | Exit | MOBILE TELESYSTEMS-SP ADRsponsored adr | $0 | – | -30,708 | – | -0.16% | – |
| ENIA | Exit | ENERSIS S.A. -SPONS ADRsponsored adr | $0 | – | -30,781 | – | -0.17% | – |
| TTM | Exit | TATA MOTORS LTD-SPON ADRsponsored adr | $0 | – | -13,082 | – | -0.20% | – |
| TLK | Exit | TELEKOMUNIK INDONESIA-SP ADRsponsored adr | $0 | – | -13,572 | – | -0.22% | – |
| FMX | Exit | FOMENTO ECONOMICO MEX-SP ADRspon adr units | $0 | – | -10,092 | – | -0.32% | – |
| TV | Exit | GRUPO TELEVISA SA-SPON ADRspon adr rep ord | $0 | – | -33,146 | – | -0.38% | – |
| AMX | Exit | AMERICA MOVIL-ADR SERIES L | $0 | – | -57,218 | – | -0.49% | – |
| EC | Exit | ECOPETROL SA-SPONSORED ADRsponsored ads | $0 | – | -68,777 | – | -0.73% | – |
| LTMAQ | Exit | LATAM AIRLINES GROUP-SP ADRsponsored adr | $0 | – | -1,938,407 | – | -7.51% | – |
| VIPS | Exit | VIPSHOP HOLDINGS LTD - ADSsponsored adr | $0 | – | -150,933 | – | -9.72% | – |
| CBD | Exit | CIA BRASILEIRA DE DIS-SP PRFspn adr pfd cl a | $0 | – | -814,563 | – | -12.11% | – |
| CTRP | Exit | CTRIP.COM INTERNATIONAL-ADR | $0 | – | -666,976 | – | -12.90% | – |
| BRFS | Exit | BRF SA-ADRsponsored adr | $0 | – | -2,608,409 | – | -21.15% | – |
| ABEV | Exit | AMBEV SA-ADRsponsored adr | $0 | – | -14,579,117 | – | -32.55% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | Buy | AMBEV SA-ADRsponsored adr | $95,493,000 | -4.0% | 14,579,117 | +3.2% | 32.55% | -8.8% |
| BRFS | Sell | BRF SA-ADRsponsored adr | $62,054,000 | -5.7% | 2,608,409 | -3.6% | 21.15% | -10.4% |
| CTRP | Buy | CTRIP.COM INTERNATIONAL-ADR | $37,858,000 | -9.1% | 666,976 | +2.6% | 12.90% | -13.6% |
| CBD | Buy | CIA BRASILEIRA DE DIS-SP PRFspn adr pfd cl a | $35,523,000 | +12.5% | 814,563 | +19.5% | 12.11% | +6.9% |
| VIPS | New | VIPSHOP HOLDINGS LTD - ADSsponsored adr | $28,528,000 | – | 150,933 | – | 9.72% | – |
| LTMAQ | Buy | LATAM AIRLINES GROUP-SP ADRsponsored adr | $22,040,000 | -12.8% | 1,938,407 | +2.9% | 7.51% | -17.2% |
| EC | Buy | ECOPETROL SA-SPONSORED ADRsponsored ads | $2,151,000 | +3.2% | 68,777 | +18.9% | 0.73% | -2.0% |
| AMX | Sell | AMERICA MOVIL-ADR SERIES L | $1,442,000 | +16.9% | 57,218 | -3.8% | 0.49% | +11.1% |
| TV | Buy | GRUPO TELEVISA SA-SPON ADRspon adr rep ord | $1,123,000 | +0.4% | 33,146 | +1.6% | 0.38% | -4.5% |
| FMX | Buy | FOMENTO ECONOMICO MEX-SP ADRspon adr units | $929,000 | +16.6% | 10,092 | +18.6% | 0.32% | +10.8% |
| TLK | Sell | TELEKOMUNIK INDONESIA-SP ADRsponsored adr | $653,000 | +7.4% | 13,572 | -6.9% | 0.22% | +2.3% |
| TTM | Sell | TATA MOTORS LTD-SPON ADRsponsored adr | $572,000 | +0.4% | 13,082 | -10.3% | 0.20% | -4.9% |
| ENIA | Buy | ENERSIS S.A. -SPONS ADRsponsored adr | $486,000 | -2.6% | 30,781 | +4.0% | 0.17% | -7.3% |
| MBT | Sell | MOBILE TELESYSTEMS-SP ADRsponsored adr | $459,000 | -81.9% | 30,708 | -76.1% | 0.16% | -82.9% |
| CIG | Buy | CEMIG SA -SPONS ADRsp adr n-v pfd | $378,000 | +355.4% | 60,621 | +483.5% | 0.13% | +330.0% |
| VIV | Sell | TELEFONICA BRASIL-ADRsponsored adr | $325,000 | -81.7% | 16,501 | -80.9% | 0.11% | -82.5% |
| PHI | Sell | PHILIPPINE LONG DIST -SP ADRsponsored adr | $281,000 | -20.4% | 4,068 | -22.3% | 0.10% | -24.4% |
| SWKS | Sell | SKYWORKS SOLUTIONS INC | $277,000 | +17.9% | 4,778 | -4.6% | 0.09% | +11.9% |
| YUM | Buy | YUM! BRANDS INC | $266,000 | +9.5% | 3,689 | +23.2% | 0.09% | +4.6% |
| KSU | Sell | KANSAS CITY SOUTHERN | $266,000 | +10.8% | 2,193 | -1.6% | 0.09% | +5.8% |
| MJN | New | MEAD JOHNSON NUTRITION CO | $264,000 | – | 2,741 | – | 0.09% | – |
| LVS | Buy | LAS VEGAS SANDS CORP | $264,000 | +16.3% | 4,249 | +42.8% | 0.09% | +11.1% |
| AVGO | New | AVAGO TECHNOLOGIES LTD | $265,000 | – | 3,050 | – | 0.09% | – |
| NXPI | New | NXP SEMICONDUCTORS NV | $257,000 | – | 3,750 | – | 0.09% | – |
| QCOM | Buy | QUALCOMM INC | $252,000 | +1.6% | 3,367 | +7.5% | 0.09% | -3.4% |
| VC | New | VISTEON CORP | $245,000 | – | 2,520 | – | 0.08% | – |
| SCCO | Buy | SOUTHERN COPPER CORP | $246,000 | +1.2% | 8,293 | +3.5% | 0.08% | -3.4% |
| NEBLQ | New | NOBLE CORP PLC | $241,000 | – | 10,860 | – | 0.08% | – |
| KOF | New | COCA-COLA FEMSA SAB-SP ADRspon adr rep l | $231,000 | – | 2,295 | – | 0.08% | – |
| CNCOY | Exit | CENCOSUD SA - ADRsponsored ads | $0 | – | -19,593 | – | -0.07% | – |
| AOS | Exit | SMITH (A.O.) CORP | $0 | – | -4,792 | – | -0.08% | – |
| CL | Exit | COLGATE-PALMOLIVE CO | $0 | – | -3,467 | – | -0.08% | – |
| MOS | Exit | MOSAIC CO/THE | $0 | – | -4,904 | – | -0.09% | – |
| WYNN | Exit | WYNN RESORTS LTD | $0 | – | -1,183 | – | -0.09% | – |
| FLR | Exit | FLUOR CORP | $0 | – | -3,196 | – | -0.09% | – |
| EOCCY | Exit | EMPRESA NAC ELEC-CHIL-SP ADRsponsored adr | $0 | – | -9,768 | – | -0.16% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | New | AMBEV SA-ADRsponsored adr | $99,476,000 | – | 14,130,089 | – | 35.69% | – |
| BRFS | New | BRF SA-ADRsponsored adr | $65,801,000 | – | 2,706,766 | – | 23.61% | – |
| CTRP | New | CTRIP.COM INTERNATIONAL-ADR | $41,645,000 | – | 650,304 | – | 14.94% | – |
| CBD | New | CIA BRASILEIRA DE DIS-SP PRFspn adr pfd cl a | $31,580,000 | – | 681,636 | – | 11.33% | – |
| LTMAQ | New | LATAM AIRLINES GROUP-SP ADRsponsored adr | $25,277,000 | – | 1,883,565 | – | 9.07% | – |
| MBT | New | MOBILE TELESYSTEMS-SP ADRsponsored adr | $2,535,000 | – | 128,422 | – | 0.91% | – |
| EC | New | ECOPETROL SA-SPONSORED ADRsponsored ads | $2,085,000 | – | 57,829 | – | 0.75% | – |
| VIV | New | TELEFONICA BRASIL-ADRsponsored adr | $1,774,000 | – | 86,482 | – | 0.64% | – |
| AMX | New | AMERICA MOVIL-ADR SERIES L | $1,234,000 | – | 59,487 | – | 0.44% | – |
| TV | New | GRUPO TELEVISA SA-SPON ADRspon adr rep ord | $1,119,000 | – | 32,627 | – | 0.40% | – |
| FMX | New | FOMENTO ECONOMICO MEX-SP ADRspon adr units | $797,000 | – | 8,508 | – | 0.29% | – |
| TLK | New | TELEKOMUNIK INDONESIA-SP ADRsponsored adr | $608,000 | – | 14,583 | – | 0.22% | – |
| TTM | New | TATA MOTORS LTD-SPON ADRsponsored adr | $570,000 | – | 14,584 | – | 0.20% | – |
| ENIA | New | ENERSIS S.A. -SPONS ADRsponsored adr | $499,000 | – | 29,610 | – | 0.18% | – |
| EOCCY | New | EMPRESA NAC ELEC-CHIL-SP ADRsponsored adr | $442,000 | – | 9,768 | – | 0.16% | – |
| PHI | New | PHILIPPINE LONG DIST -SP ADRsponsored adr | $353,000 | – | 5,238 | – | 0.13% | – |
| QCOM | New | QUALCOMM INC | $248,000 | – | 3,133 | – | 0.09% | – |
| WYNN | New | WYNN RESORTS LTD | $246,000 | – | 1,183 | – | 0.09% | – |
| FLR | New | FLUOR CORP | $246,000 | – | 3,196 | – | 0.09% | – |
| YUM | New | YUM! BRANDS INC | $243,000 | – | 2,994 | – | 0.09% | – |
| MOS | New | MOSAIC CO/THE | $243,000 | – | 4,904 | – | 0.09% | – |
| SCCO | New | SOUTHERN COPPER CORP | $243,000 | – | 8,009 | – | 0.09% | – |
| KSU | New | KANSAS CITY SOUTHERN | $240,000 | – | 2,228 | – | 0.09% | – |
| AOS | New | SMITH (A.O.) CORP | $238,000 | – | 4,792 | – | 0.08% | – |
| CL | New | COLGATE-PALMOLIVE CO | $236,000 | – | 3,467 | – | 0.08% | – |
| SWKS | New | SKYWORKS SOLUTIONS INC | $235,000 | – | 5,009 | – | 0.08% | – |
| LVS | New | LAS VEGAS SANDS CORP | $227,000 | – | 2,975 | – | 0.08% | – |
| CNCOY | New | CENCOSUD SA - ADRsponsored ads | $195,000 | – | 19,593 | – | 0.07% | – |
| CIG | New | CEMIG SA -SPONS ADRsp adr n-v pfd | $83,000 | – | 10,389 | – | 0.03% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AMX | Exit | AMERICA MOVIL-ADR SERIES L | $0 | – | -11,411 | – | -0.10% | – |
| PAC | Exit | GRUPO AEROPORTUARIO PAC-ADRspon adr b | $0 | – | -68,770 | – | -1.43% | – |
| NTE | Exit | NAM TAI ELECTRONICS INC | $0 | – | -513,766 | – | -1.43% | – |
| LTMAQ | Exit | LATAM AIRLINES GROUP-SP ADRsponsored adr | $0 | – | -1,363,764 | – | -9.01% | – |
| CTRP | Exit | CTRIP.COM INTERNATIONAL-ADR | $0 | – | -609,920 | – | -13.21% | – |
| CBD | Exit | CIA BRASILEIRA DE DIS-SP PRFspn adr pfd cl a | $0 | – | -677,490 | – | -13.64% | – |
| BRFS | Exit | BRF BRASIL FOODS SA-ADRsponsored adr | $0 | – | -2,471,502 | – | -23.11% | – |
| ABV | Exit | COMPANHIA DE BEBIDAS-PRF ADRspon adr pfd | $0 | – | -2,564,276 | – | -38.08% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABV | Buy | COMPANHIA DE BEBIDAS-PRF ADRspon adr pfd | $95,391,000 | +0.5% | 2,564,276 | +0.9% | 38.08% | -1.7% |
| BRFS | Buy | BRF BRASIL FOODS SA-ADRsponsored adr | $57,907,000 | +12.0% | 2,471,502 | +3.8% | 23.11% | +9.6% |
| CBD | Buy | CIA BRASILEIRA DE DIS-SP PRFspn adr pfd cl a | $34,159,000 | +30.3% | 677,490 | +17.5% | 13.64% | +27.5% |
| CTRP | Buy | CTRIP.COM INTERNATIONAL-ADR | $33,088,000 | +83.1% | 609,920 | +10.1% | 13.21% | +79.1% |
| LTMAQ | Buy | LATAM AIRLINES GROUP-SP ADRsponsored adr | $22,570,000 | +7.8% | 1,363,764 | +10.0% | 9.01% | +5.5% |
| NTE | New | NAM TAI ELECTRONICS INC | $3,591,000 | – | 513,766 | – | 1.43% | – |
| PAC | New | GRUPO AEROPORTUARIO PAC-ADRspon adr b | $3,575,000 | – | 68,770 | – | 1.43% | – |
| AMX | Sell | AMERICA MOVIL-ADR SERIES L | $244,000 | -74.9% | 11,411 | -74.5% | 0.10% | -75.6% |
| EBR | Exit | CENTRAIS ELETRICAS BRASILEIRAS SA ADRsponsored adr | $0 | – | -20,476 | – | -0.02% | – |
| OIBR | Exit | OI SA ADRspn adr rep pfd | $0 | – | -31,947 | – | -0.02% | – |
| GFI | Exit | GOLD FIELDS LTDsponsored adr | $0 | – | -22,314 | – | -0.05% | – |
| WIT | Exit | WIPRO LTD ADRspon adr 1 sh | $0 | – | -16,539 | – | -0.05% | – |
| CHU | Exit | CHINA UNICOM - ADRsponsored adr | $0 | – | -10,385 | – | -0.06% | – |
| SLT | Exit | STERLITE INDUSTRIES INDIAads | $0 | – | -27,602 | – | -0.07% | – |
| SBS | Exit | CIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULOsponsored adr | $0 | – | -16,631 | – | -0.07% | – |
| TTM | Exit | TATA MOTORS LTD ADRsponsored adr | $0 | – | -9,228 | – | -0.09% | – |
| EOCCY | Exit | EMPRESA NACIONAL DE ELECTRICIDAD SA/CHILE ADRsponsored adr | $0 | – | -5,349 | – | -0.10% | – |
| HDB | Exit | HDFC BANK LTD ADR | $0 | – | -6,522 | – | -0.10% | – |
| CIG | Exit | CIA ENERGETICA DE MINAS GERAIS - ADRsp adr n-v pfd | $0 | – | -26,892 | – | -0.10% | – |
| ERJ | Exit | EMBRAER SA-ADR | $0 | – | -6,822 | – | -0.10% | – |
| SID | Exit | CIA SIDERURGICA NACIONALsponsored adr | $0 | – | -91,655 | – | -0.10% | – |
| TV | Exit | GRUPO TELEVISA S.A. SPONSORED A.D.R.spon adr rep ord | $0 | – | -10,582 | – | -0.11% | – |
| VALEP | Exit | VALE SA ADRadr repstg pfd | $0 | – | -22,718 | – | -0.11% | – |
| VIV | Exit | TELEFONICA BRASIL-ADRsponsored adr | $0 | – | -12,232 | – | -0.11% | – |
| CX | Exit | CEMEX SA NEW - ADR - CPOspon adr new | $0 | – | -28,342 | – | -0.12% | – |
| RDY | Exit | DR REDDY'S LABORATORIES LTD ADRadr | $0 | – | -8,257 | – | -0.13% | – |
| MBT | Exit | MOBILE TELESYSTEMS -SP ADRsponsored adr | $0 | – | -16,858 | – | -0.13% | – |
| MR | Exit | MINDRAY MEDICAL INTERNATIONALspon adr | $0 | – | -10,107 | – | -0.16% | – |
| ENIA | Exit | ENERSIS SA ADRsponsored adr | $0 | – | -23,386 | – | -0.16% | – |
| UGP | Exit | ULTRAPAR PARTICIPACOES SA ADR | $0 | – | -16,644 | – | -0.16% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -9,948 | – | -0.17% | – |
| GGB | Exit | GERDAU SA -SPON ADRspon adr rep pfd | $0 | – | -78,323 | – | -0.18% | – |
| ITUB | Exit | ITAU UNIBANCO HOLDING SA ADRspon adr rep pfd | $0 | – | -42,887 | – | -0.23% | – |
| TLK | Exit | TELEKOMUNIKASI INDONESIA TBK Psponsored adr | $0 | – | -13,121 | – | -0.23% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA - ADRsponsored adr | $0 | – | -49,813 | – | -0.27% | – |
| VALE | Exit | VALE SA - ADRadr | $0 | – | -63,209 | – | -0.34% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO S.A. DE C.V.-ADRspon adr units | $0 | – | -9,478 | – | -0.40% | – |
| ELP | Exit | CIA PARANAENSE DE ENERGIA ADRspon adr pfd | $0 | – | -145,335 | – | -0.74% | – |
| EC | Exit | ECOPETROL SA-SPONSORED ADRsponsored ads | $0 | – | -135,737 | – | -2.33% | – |
| EDU | Exit | NEW ORIENTAL EDUCATION & TECHNspon adr | $0 | – | -684,648 | – | -6.19% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABV | New | CIA DE BEBIDAS DAS AMERICAS ADRspon adr pfd | $94,909,000 | – | 2,541,078 | – | 38.73% | – |
| BRFS | New | BRF - BRASIL FOODS SA ADRsponsored adr | $51,697,000 | – | 2,381,266 | – | 21.09% | – |
| CBD | New | CIA BRASILEIRA DE DISTRIBUICAO GRUPO PAO DE ACUCARspn adr pfd cl a | $26,213,000 | – | 576,612 | – | 10.70% | – |
| LTMAQ | New | LATAM AIRLINES GRP SP ADRsponsored adr | $20,934,000 | – | 1,239,431 | – | 8.54% | – |
| CTRP | New | CTRIP.COM INTERNATIONAL LTD | $18,074,000 | – | 553,922 | – | 7.38% | – |
| EDU | New | NEW ORIENTAL EDUCATION & TECHNspon adr | $15,165,000 | – | 684,648 | – | 6.19% | – |
| EC | New | ECOPETROL SA-SPONSORED ADRsponsored ads | $5,709,000 | – | 135,737 | – | 2.33% | – |
| ELP | New | CIA PARANAENSE DE ENERGIA ADRspon adr pfd | $1,805,000 | – | 145,335 | – | 0.74% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO S.A. DE C.V.-ADRspon adr units | $978,000 | – | 9,478 | – | 0.40% | – |
| AMX | New | AMERICA MOVIL-ADR SERIE | $974,000 | – | 44,762 | – | 0.40% | – |
| VALE | New | VALE SA - ADRadr | $831,000 | – | 63,209 | – | 0.34% | – |
| PBR | New | PETROLEO BRASILEIRO SA - ADRsponsored adr | $668,000 | – | 49,813 | – | 0.27% | – |
| TLK | New | TELEKOMUNIKASI INDONESIA TBK Psponsored adr | $561,000 | – | 13,121 | – | 0.23% | – |
| ITUB | New | ITAU UNIBANCO HOLDING SA ADRspon adr rep pfd | $554,000 | – | 42,887 | – | 0.23% | – |
| GGB | New | GERDAU SA -SPON ADRspon adr rep pfd | $447,000 | – | 78,323 | – | 0.18% | – |
| INFY | New | INFOSYS LTDsponsored adr | $410,000 | – | 9,948 | – | 0.17% | – |
| UGP | New | ULTRAPAR PARTICIPACOES SA ADR | $398,000 | – | 16,644 | – | 0.16% | – |
| ENIA | New | ENERSIS SA ADRsponsored adr | $383,000 | – | 23,386 | – | 0.16% | – |
| MR | New | MINDRAY MEDICAL INTERNATIONALspon adr | $379,000 | – | 10,107 | – | 0.16% | – |
| MBT | New | MOBILE TELESYSTEMS -SP ADRsponsored adr | $319,000 | – | 16,858 | – | 0.13% | – |
| RDY | New | DR REDDY'S LABORATORIES LTD ADRadr | $312,000 | – | 8,257 | – | 0.13% | – |
| CX | New | CEMEX SA NEW - ADR - CPOspon adr new | $300,000 | – | 28,342 | – | 0.12% | – |
| VIV | New | TELEFONICA BRASIL-ADRsponsored adr | $279,000 | – | 12,232 | – | 0.11% | – |
| VALEP | New | VALE SA ADRadr repstg pfd | $276,000 | – | 22,718 | – | 0.11% | – |
| TV | New | GRUPO TELEVISA S.A. SPONSORED A.D.R.spon adr rep ord | $263,000 | – | 10,582 | – | 0.11% | – |
| SID | New | CIA SIDERURGICA NACIONALsponsored adr | $254,000 | – | 91,655 | – | 0.10% | – |
| ERJ | New | EMBRAER SA-ADR | $252,000 | – | 6,822 | – | 0.10% | – |
| CIG | New | CIA ENERGETICA DE MINAS GERAIS - ADRsp adr n-v pfd | $241,000 | – | 26,892 | – | 0.10% | – |
| EOCCY | New | EMPRESA NACIONAL DE ELECTRICIDAD SA/CHILE ADRsponsored adr | $236,000 | – | 5,349 | – | 0.10% | – |
| HDB | New | HDFC BANK LTD ADR | $236,000 | – | 6,522 | – | 0.10% | – |
| TTM | New | TATA MOTORS LTD ADRsponsored adr | $216,000 | – | 9,228 | – | 0.09% | – |
| SBS | New | CIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULOsponsored adr | $173,000 | – | 16,631 | – | 0.07% | – |
| SLT | New | STERLITE INDUSTRIES INDIAads | $161,000 | – | 27,602 | – | 0.07% | – |
| CHU | New | CHINA UNICOM - ADRsponsored adr | $136,000 | – | 10,385 | – | 0.06% | – |
| WIT | New | WIPRO LTD ADRspon adr 1 sh | $120,000 | – | 16,539 | – | 0.05% | – |
| GFI | New | GOLD FIELDS LTDsponsored adr | $117,000 | – | 22,314 | – | 0.05% | – |
| OIBR | New | OI SA ADRspn adr rep pfd | $58,000 | – | 31,947 | – | 0.02% | – |
| EBR | New | CENTRAIS ELETRICAS BRASILEIRAS SA ADRsponsored adr | $43,000 | – | 20,476 | – | 0.02% | – |