Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIPS | Sell | VIPSHOP HLDGS LTDsponsored adr | $2,629,000 | -83.0% | 13,910 | -83.1% | 27.74% | +3.7% |
| TTM | Sell | TATA MTRS LTDsponsored adr | $1,745,000 | -75.1% | 39,920 | -77.8% | 18.41% | +51.4% |
| BIDU | Buy | BAIDU INCspon adr rep a | $1,543,000 | +36.5% | 7,070 | +16.9% | 16.28% | +731.8% |
| FMX | Sell | FOMENTO ECONOMICO MEXICANO Sspon adr units | $1,286,000 | -82.9% | 13,975 | -82.6% | 13.57% | +3.9% |
| GGB | Sell | GERDAU S Aspon adr rep pfd | $825,000 | -83.0% | 171,900 | -79.1% | 8.70% | +3.6% |
| CBD | Sell | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $557,000 | -87.5% | 12,780 | -86.7% | 5.88% | -23.8% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $530,000 | -91.3% | 26,260 | -90.8% | 5.59% | -47.1% |
| PKX | New | POSCOsponsored adr | $364,000 | – | 4,800 | – | 3.84% | – |
| FBR | Exit | FIBRIA CELULOSE S A | $0 | – | -98,200 | – | -1.65% | – |
| ABEV | Exit | AMBEV SAsponsored adr | $0 | – | -470,720 | – | -5.74% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -523,800 | – | -12.00% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIPS | New | VIPSHOP HLDGS LTDsponsored adr | $15,447,000 | – | 82,280 | – | 26.76% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $7,537,000 | – | 80,475 | – | 13.06% | – |
| TTM | New | TATA MTRS LTDsponsored adr | $7,020,000 | – | 179,720 | – | 12.16% | – |
| VALE | New | VALE S Aadr | $6,930,000 | – | 523,800 | – | 12.00% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $6,097,000 | – | 285,020 | – | 10.56% | – |
| GGB | New | GERDAU S Aspon adr rep pfd | $4,849,000 | – | 823,300 | – | 8.40% | – |
| CBD | New | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $4,451,000 | – | 96,080 | – | 7.71% | – |
| ABEV | New | AMBEV SAsponsored adr | $3,314,000 | – | 470,720 | – | 5.74% | – |
| BIDU | New | BAIDU INCspon adr rep a | $1,130,000 | – | 6,050 | – | 1.96% | – |
| FBR | New | FIBRIA CELULOSE S A | $955,000 | – | 98,200 | – | 1.65% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHA | Exit | CHINA TELECOM CORP LTD | $0 | – | -6,018 | – | -0.98% | – |
| CHL | Exit | CHINA MOBILE LIMITEDsponsored adr | $0 | – | -8,775 | – | -1.64% | – |
| CPA | Exit | COPA HOLDINGS SAcl a | $0 | – | -7,350 | – | -3.37% | – |
| UGP | Exit | ULTRAPAR PARTICIPACOES S A | $0 | – | -53,700 | – | -4.37% | – |
| ABV | Exit | COMPANHIA DE BEBIDAS DAS AMEspon adr pfd | $0 | – | -102,300 | – | -12.98% | – |
| CBD | Exit | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $0 | – | -87,960 | – | -13.39% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -253,040 | – | -14.20% | – |
| AMOV | Exit | AMERICA MOVIL SAB DE CV | $0 | – | -329,300 | – | -21.58% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -85,615 | – | -27.50% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FMX | Sell | FOMENTO ECONOMICO MEXICANO Sspon adr units | $8,312,000 | -11.9% | 85,615 | -6.3% | 27.50% | +30.7% |
| AMOV | Buy | AMERICA MOVIL SAB DE CV | $6,523,000 | -8.5% | 329,300 | +0.4% | 21.58% | +35.6% |
| TSM | Buy | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $4,292,000 | -9.7% | 253,040 | +18.8% | 14.20% | +34.0% |
| CBD | Sell | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $4,048,000 | -4.2% | 87,960 | -5.4% | 13.39% | +42.1% |
| ABV | Sell | COMPANHIA DE BEBIDAS DAS AMEspon adr pfd | $3,923,000 | +2.4% | 102,300 | -0.3% | 12.98% | +51.8% |
| UGP | Sell | ULTRAPAR PARTICIPACOES S A | $1,320,000 | -21.6% | 53,700 | -23.6% | 4.37% | +16.3% |
| CPA | Sell | COPA HOLDINGS SAcl a | $1,019,000 | -14.2% | 7,350 | -18.8% | 3.37% | +27.3% |
| CHL | Sell | CHINA MOBILE LIMITEDsponsored adr | $495,000 | -77.9% | 8,775 | -79.7% | 1.64% | -67.2% |
| CHA | New | CHINA TELECOM CORP LTD | $297,000 | – | 6,018 | – | 0.98% | – |
| TEO | Exit | TELECOM ARGENTINA S Aspon adr rep b | $0 | – | -10,100 | – | -0.62% | – |
| IBN | Exit | ICICI BK LTDadr | $0 | – | -17,800 | – | -1.52% | – |
| SSL | Exit | SASOL LTDsponsored adr | $0 | – | -53,010 | – | -5.12% | – |
| HDB | Exit | HDFC BANK LTD | $0 | – | -195,860 | – | -15.83% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $9,433,000 | – | 91,415 | – | 21.04% | – |
| AMOV | New | AMERICA MOVIL SAB DE CV | $7,132,000 | – | 327,900 | – | 15.91% | – |
| HDB | New | HDFC BANK LTD | $7,098,000 | – | 195,860 | – | 15.83% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $4,751,000 | – | 212,960 | – | 10.60% | – |
| CBD | New | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $4,226,000 | – | 92,960 | – | 9.43% | – |
| ABV | New | COMPANHIA DE BEBIDAS DAS AMEspon adr pfd | $3,832,000 | – | 102,600 | – | 8.55% | – |
| SSL | New | SASOL LTDsponsored adr | $2,296,000 | – | 53,010 | – | 5.12% | – |
| CHL | New | CHINA MOBILE LIMITEDsponsored adr | $2,236,000 | – | 43,182 | – | 4.99% | – |
| UGP | New | ULTRAPAR PARTICIPACOES S A | $1,683,000 | – | 70,300 | – | 3.75% | – |
| CPA | New | COPA HOLDINGS SAcl a | $1,187,000 | – | 9,050 | – | 2.65% | – |
| IBN | New | ICICI BK LTDadr | $681,000 | – | 17,800 | – | 1.52% | – |
| TEO | New | TELECOM ARGENTINA S Aspon adr rep b | $278,000 | – | 10,100 | – | 0.62% | – |