Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEP | Buy | AMERICAN ELEC PWR CO INC | $121,084 | -10.3% | 1,610,380 | +0.5% | 13.89% | -7.4% |
| AEE | Sell | AMEREN CORP | $101,101 | -10.8% | 1,351,070 | -2.6% | 11.60% | -7.9% |
| DUK | Sell | DUKE ENERGY CORP | $94,514 | -7.5% | 1,070,860 | -6.0% | 10.84% | -4.6% |
| CCI | Buy | CROWN CASTLE INTL CORP NEW | $90,768 | -14.6% | 986,288 | +5.8% | 10.41% | -11.8% |
| ETR | Sell | ENTERGY CORP | $76,163 | -5.8% | 823,380 | -0.8% | 8.74% | -2.7% |
| SRE | Buy | SEMPRA ENERGY | $74,948 | -8.9% | 1,101,690 | +94.9% | 8.60% | -6.0% |
| EXC | New | EXELOP CORPORATION | $64,377 | – | 1,702,870 | – | 7.38% | – |
| NI | Sell | NISOURCE INC | $54,727 | -11.9% | 2,217,473 | -2.3% | 6.28% | -9.0% |
| AMT | New | AMERICAN TOWER CORPreit | $54,709 | – | 332,680 | – | 6.28% | – |
| D | Sell | DOMINION ENERGY INC | $52,516 | -15.4% | 1,175,650 | -1.9% | 6.02% | -12.7% |
| LNG | Sell | CHENIERE ENERGY INC | $49,432 | -7.8% | 297,610 | -15.3% | 5.67% | -4.9% |
| WMB | Sell | WILLIAMS COS INC DEL | $19,645 | -52.7% | 657,920 | -50.5% | 2.25% | -51.2% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $10,988 | -15.1% | 126,441 | -1.4% | 1.26% | -12.4% |
| NTES | Sell | NETEASE INCsponsored adr | $2,615 | -14.9% | 26,107 | -17.9% | 0.30% | -12.0% |
| HDB | New | HDFC BANK LIMITEDsponsored adr | $1,482 | – | 25,117 | – | 0.17% | – |
| VIPS | Buy | VIPSHOP HOLDINGS LIMITEDsponsored adr | $1,435 | +29.6% | 89,654 | +33.6% | 0.16% | +34.1% |
| BIDU | Sell | BAIDU INCspon adr rep a | $1,392 | -14.2% | 10,358 | -12.6% | 0.16% | -11.1% |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -606,780 | – | -4.68% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEP | New | AMERICAN ELEC PWR CO INC | $134,939 | – | 1,602,700 | – | 14.99% | – |
| AEE | New | AMEREN CORP | $113,279 | – | 1,387,030 | – | 12.58% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $106,231 | – | 932,338 | – | 11.80% | – |
| DUK | New | DUKE ENERGY CORP | $102,232 | – | 1,139,200 | – | 11.36% | – |
| SRE | New | SEMPRA ENERGY | $82,289 | – | 565,210 | – | 9.14% | – |
| ETR | New | ENTERGY CORP | $80,851 | – | 830,350 | – | 8.98% | – |
| NI | New | NISOURCE INC | $62,103 | – | 2,270,663 | – | 6.90% | – |
| D | New | DOMINION ENERGY INC | $62,093 | – | 1,198,930 | – | 6.90% | – |
| LNG | New | CHENIERE ENERGY INC | $53,638 | – | 351,540 | – | 5.96% | – |
| EIX | New | EDISON INTERNATIONAL | $42,141 | – | 606,780 | – | 4.68% | – |
| WMB | New | WILLIAMS COS INC DEL | $41,569 | – | 1,329,790 | – | 4.62% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $12,943 | – | 128,251 | – | 1.44% | – |
| NTES | New | NETEASE INCsponsored adr | $3,073 | – | 31,784 | – | 0.34% | – |
| BIDU | New | BAIDU INCspon adr rep a | $1,623 | – | 11,857 | – | 0.18% | – |
| VIPS | New | VIPSHOP HOLDINGS LIMITEDsponsored adr | $1,107 | – | 67,103 | – | 0.12% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -8,955 | – | -0.01% | – |
| DLO | Exit | DLOCAL LTD | $0 | – | -5,528 | – | -0.02% | – |
| SQM | Exit | SOCIEDAD QUIMICA Y MINERA DEspon adr ser b | $0 | – | -1,486 | – | -0.02% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -11,936 | – | -0.18% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -21,298 | – | -0.21% | – |
| VIPS | Exit | VIPSHOP HOLDINGS LIMITEDsponsored adr | $0 | – | -219,138 | – | -0.24% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -160,599 | – | -1.42% | – |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -466,230 | – | -3.40% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -1,296,510 | – | -4.78% | – |
| NI | Exit | NISOURCE INC | $0 | – | -2,146,003 | – | -6.96% | – |
| LNG | Exit | CHENIERE ENERGY INC | $0 | – | -356,350 | – | -7.64% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -501,898 | – | -9.35% | – |
| D | Exit | DOMINION ENERGY INC | $0 | – | -1,050,540 | – | -9.35% | – |
| ETR | Exit | ENTERGY CORP | $0 | – | -726,390 | – | -9.42% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -522,938 | – | -10.10% | – |
| DUK | Exit | DUKE ENERGY CORP | $0 | – | -890,180 | – | -10.67% | – |
| AEP | Exit | AMERICAN ELEC PWR CO INC | $0 | – | -1,171,460 | – | -13.04% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -1,273,390 | – | -13.21% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEE | Sell | AMEREN CORP | $102,572,000 | -20.0% | 1,273,390 | -10.2% | 13.21% | +3.7% |
| AEP | Sell | AMERICAN ELEC PWR CO INC | $101,191,000 | -21.0% | 1,171,460 | -12.3% | 13.04% | +2.3% |
| DUK | Sell | DUKE ENERGY CORP | $82,805,000 | -20.2% | 890,180 | -8.0% | 10.67% | +3.3% |
| SRE | Sell | SEMPRA ENERGY | $78,409,000 | -11.6% | 522,938 | -11.4% | 10.10% | +14.5% |
| ETR | Buy | ENTERGY CORP | $73,097,000 | -7.7% | 726,390 | +3.3% | 9.42% | +19.5% |
| D | Sell | DOMINION ENERGY INC | $72,603,000 | -21.6% | 1,050,540 | -9.5% | 9.35% | +1.5% |
| CCI | Sell | CROWN CASTLE INTL CORP NEW | $72,549,000 | -18.5% | 501,898 | -5.1% | 9.35% | +5.5% |
| LNG | Sell | CHENIERE ENERGY INC | $59,293,000 | +2.7% | 356,350 | -17.9% | 7.64% | +33.0% |
| NI | Sell | NISOURCE INC | $54,058,000 | -22.8% | 2,146,003 | -9.7% | 6.96% | -0.1% |
| WMB | Sell | WILLIAMS COS INC DEL | $37,119,000 | -12.3% | 1,296,510 | -4.4% | 4.78% | +13.6% |
| EIX | Sell | EDISON INTERNATIONAL | $26,379,000 | -59.9% | 466,230 | -55.2% | 3.40% | -48.1% |
| TSM | Buy | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $11,011,000 | -10.0% | 160,599 | +7.4% | 1.42% | +16.5% |
| VIPS | Sell | VIPSHOP HOLDINGS LIMITEDsponsored adr | $1,843,000 | -15.6% | 219,138 | -0.8% | 0.24% | +9.2% |
| NTES | Sell | NETEASE INCsponsored adr | $1,610,000 | -83.4% | 21,298 | -79.5% | 0.21% | -78.6% |
| BIDU | Sell | BAIDU INCspon adr rep a | $1,402,000 | -81.9% | 11,936 | -77.1% | 0.18% | -76.5% |
| SQM | New | SOCIEDAD QUIMICA Y MINERA DEspon adr ser b | $135,000 | – | 1,486 | – | 0.02% | – |
| DLO | New | DLOCAL LTD | $113,000 | – | 5,528 | – | 0.02% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $99,000 | – | 8,955 | – | 0.01% | – |
| NEE | Exit | NEXTERA ENERGY INC | $0 | – | -359,880 | – | -2.77% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEE | New | AMEREN CORP | $128,141,000 | – | 1,418,120 | – | 12.75% | – |
| AEP | New | AMERICAN ELEC PWR CO INC | $128,124,000 | – | 1,335,880 | – | 12.74% | – |
| DUK | New | DUKE ENERGY CORP | $103,769,000 | – | 967,900 | – | 10.32% | – |
| D | New | DOMINION ENERGY INC | $92,655,000 | – | 1,160,940 | – | 9.22% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $89,036,000 | – | 528,778 | – | 8.86% | – |
| SRE | New | SEMPRA ENERGY | $88,694,000 | – | 590,228 | – | 8.82% | – |
| ETR | New | ENTERGY CORP | $79,235,000 | – | 703,440 | – | 7.88% | – |
| NI | New | NISOURCE INC | $70,065,000 | – | 2,375,883 | – | 6.97% | – |
| EIX | New | EDISON INTERNATIONAL | $65,780,000 | – | 1,040,160 | – | 6.54% | – |
| LNG | New | CHENIERE ENERGY INC | $57,714,000 | – | 433,970 | – | 5.74% | – |
| WMB | New | WILLIAMS COS INC DEL | $42,310,000 | – | 1,355,670 | – | 4.21% | – |
| NEE | New | NEXTERA ENERGY INC | $27,876,000 | – | 359,880 | – | 2.77% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $12,230,000 | – | 149,600 | – | 1.22% | – |
| NTES | New | NETEASE INCsponsored adr | $9,713,000 | – | 104,042 | – | 0.97% | – |
| BIDU | New | BAIDU INCspon adr rep a | $7,738,000 | – | 52,024 | – | 0.77% | – |
| VIPS | New | VIPSHOP HOLDINGS LIMITEDsponsored adr | $2,184,000 | – | 220,851 | – | 0.22% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIPS | Exit | VIPSHOP HOLDINGS LIMITEDsponsored adr | $0 | – | -318,632 | – | -0.20% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -71,702 | – | -0.61% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -146,091 | – | -0.69% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -153,949 | – | -0.96% | – |
| SJW | Exit | SJW CORP | $0 | – | -467,824 | – | -1.72% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -401,340 | – | -1.97% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -3,943,114 | – | -5.68% | – |
| LNG | Exit | CHENIERE ENERGY INC | $0 | – | -1,094,720 | – | -5.94% | – |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -2,071,646 | – | -6.38% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -689,605 | – | -6.64% | – |
| ETR | Exit | ENTERGY CORP | $0 | – | -1,349,030 | – | -7.44% | – |
| D | Exit | DOMINION ENERGY INC | $0 | – | -1,845,720 | – | -7.49% | – |
| NI | Exit | NISOURCE INC | $0 | – | -7,197,488 | – | -9.69% | – |
| DUK | Exit | DUKE ENERGY CORP | $0 | – | -1,938,420 | – | -10.51% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -1,520,944 | – | -10.69% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -2,585,910 | – | -11.64% | – |
| AEP | Exit | AMERICAN ELEC PWR CO INC | $0 | – | -2,610,980 | – | -11.77% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEP | Buy | AMERICAN ELEC PWR CO INC | $211,959,000 | +4.6% | 2,610,980 | +9.1% | 11.77% | +7.7% |
| AEE | Sell | AMEREN CORP | $209,459,000 | -2.9% | 2,585,910 | -4.1% | 11.64% | -0.1% |
| SRE | Buy | SEMPRA ENERGY | $192,400,000 | -2.4% | 1,520,944 | +2.3% | 10.69% | +0.5% |
| DUK | Sell | DUKE ENERGY CORP | $189,170,000 | -3.7% | 1,938,420 | -2.6% | 10.51% | -0.9% |
| NI | Sell | NISOURCE INC | $174,395,000 | -1.9% | 7,197,488 | -0.9% | 9.69% | +0.9% |
| D | Sell | DOMINION ENERGY INC | $134,775,000 | -3.0% | 1,845,720 | -2.2% | 7.49% | -0.1% |
| ETR | Buy | ENTERGY CORP | $133,972,000 | +11.2% | 1,349,030 | +11.6% | 7.44% | +14.4% |
| CCI | Buy | CROWN CASTLE INTL CORP NEW | $119,522,000 | +0.9% | 689,605 | +13.6% | 6.64% | +3.9% |
| EIX | Sell | EDISON INTERNATIONAL | $114,914,000 | -7.3% | 2,071,646 | -3.4% | 6.38% | -4.6% |
| LNG | Buy | CHENIERE ENERGY INC | $106,921,000 | +25.0% | 1,094,720 | +10.9% | 5.94% | +28.7% |
| WMB | Buy | WILLIAMS COS INC DEL | $102,284,000 | -1.4% | 3,943,114 | +0.9% | 5.68% | +1.5% |
| ATO | Buy | ATMOS ENERGY CORP | $35,398,000 | -5.7% | 401,340 | +2.8% | 1.97% | -2.9% |
| SJW | Sell | SJW CORP | $30,905,000 | -17.0% | 467,824 | -20.4% | 1.72% | -14.5% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $17,189,000 | -13.6% | 153,949 | -7.1% | 0.96% | -11.1% |
| NTES | Buy | NETEASE INCsponsored adr | $12,476,000 | -14.8% | 146,091 | +14.9% | 0.69% | -12.4% |
| BIDU | Sell | BAIDU INCspon adr rep a | $11,024,000 | -24.7% | 71,702 | -0.2% | 0.61% | -22.5% |
| VIPS | Sell | VIPSHOP HOLDINGS LIMITEDsponsored adr | $3,550,000 | -45.2% | 318,632 | -1.3% | 0.20% | -43.7% |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -2,293,525 | – | -2.26% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEE | New | AMEREN CORP | $215,811,000 | – | 2,696,290 | – | 11.65% | – |
| AEP | New | AMERICAN ELEC PWR CO INC | $202,591,000 | – | 2,392,440 | – | 10.93% | – |
| SRE | New | SEMPRA ENERGY | $197,052,000 | – | 1,487,414 | – | 10.63% | – |
| DUK | New | DUKE ENERGY CORP | $196,420,000 | – | 1,989,670 | – | 10.60% | – |
| NI | New | NISOURCE INC | $177,860,000 | – | 7,259,598 | – | 9.60% | – |
| D | New | DOMINION ENERGY INC | $138,903,000 | – | 1,888,050 | – | 7.50% | – |
| EIX | New | EDISON INTERNATIONAL | $124,015,000 | – | 2,144,856 | – | 6.69% | – |
| ETR | New | ENTERGY CORP | $120,523,000 | – | 1,208,860 | – | 6.50% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $118,450,000 | – | 607,125 | – | 6.39% | – |
| WMB | New | WILLIAMS COS INC DEL | $103,730,000 | – | 3,906,974 | – | 5.60% | – |
| LNG | New | CHENIERE ENERGY INC | $85,537,000 | – | 987,050 | – | 4.62% | – |
| KMI | New | KINDER MORGAN INC DEL | $41,811,000 | – | 2,293,525 | – | 2.26% | – |
| ATO | New | ATMOS ENERGY CORP | $37,521,000 | – | 390,400 | – | 2.02% | – |
| SJW | New | SJW CORP | $37,213,000 | – | 587,889 | – | 2.01% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $19,906,000 | – | 165,664 | – | 1.07% | – |
| NTES | New | NETEASE INCsponsored adr | $14,651,000 | – | 127,128 | – | 0.79% | – |
| BIDU | New | BAIDU INCspon adr rep a | $14,644,000 | – | 71,823 | – | 0.79% | – |
| VIPS | New | VIPSHOP HOLDINGS LIMITEDsponsored adr | $6,482,000 | – | 322,852 | – | 0.35% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VIPS | Exit | VIPSHOP HOLDINGS LIMITEDsponsored adr | $0 | – | -292,795 | – | -0.36% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -799,128 | – | -0.87% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -29,384 | – | -1.05% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -111,579 | – | -1.11% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -263,936 | – | -1.68% | – |
| SJW | Exit | SJW CORP | $0 | – | -412,060 | – | -1.97% | – |
| LNG | Exit | CHENIERE ENERGY INC | $0 | – | -1,009,330 | – | -3.67% | – |
| ALE | Exit | ALLETE INC | $0 | – | -977,480 | – | -3.97% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -4,749,825 | – | -4.60% | – |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -1,514,906 | – | -6.05% | – |
| D | Exit | DOMINION ENERGY INC | $0 | – | -994,350 | – | -6.16% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -4,240,934 | – | -6.54% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -565,515 | – | -7.40% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -1,012,340 | – | -7.60% | – |
| AEP | Exit | AMERICAN ELEC PWR CO INC | $0 | – | -1,256,000 | – | -8.06% | – |
| NI | Exit | NISOURCE INC | $0 | – | -5,098,638 | – | -8.81% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -953,934 | – | -8.87% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -1,472,100 | – | -9.14% | – |
| DUK | Exit | DUKE ENERGY CORP | $0 | – | -1,737,220 | – | -12.08% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DUK | Sell | DUKE ENERGY CORP | $153,848,000 | +8.7% | 1,737,220 | -1.9% | 12.08% | +9.4% |
| AEE | Sell | AMEREN CORP | $116,414,000 | -3.2% | 1,472,100 | -13.9% | 9.14% | -2.6% |
| SRE | Sell | SEMPRA ENERGY | $112,908,000 | -3.0% | 953,934 | -3.9% | 8.87% | -2.4% |
| NI | Sell | NISOURCE INC | $112,170,000 | -12.2% | 5,098,638 | -9.3% | 8.81% | -11.6% |
| AEP | Buy | AMERICAN ELEC PWR CO INC | $102,653,000 | +75.6% | 1,256,000 | +71.1% | 8.06% | +76.7% |
| ATO | Sell | ATMOS ENERGY CORP | $96,770,000 | -18.4% | 1,012,340 | -15.0% | 7.60% | -17.8% |
| CCI | Sell | CROWN CASTLE INTL CORP NEW | $94,158,000 | -0.7% | 565,515 | -0.2% | 7.40% | -0.1% |
| WMB | Sell | WILLIAMS COS INC DEL | $83,334,000 | -18.1% | 4,240,934 | -20.8% | 6.54% | -17.6% |
| D | Buy | DOMINION ENERGY INC | $78,484,000 | +21.2% | 994,350 | +24.7% | 6.16% | +22.0% |
| EIX | Sell | EDISON INTERNATIONAL | $77,018,000 | -11.3% | 1,514,906 | -5.3% | 6.05% | -10.8% |
| KMI | Sell | KINDER MORGAN INC DEL | $58,565,000 | -21.2% | 4,749,825 | -3.1% | 4.60% | -20.7% |
| ALE | New | ALLETE INC | $50,575,000 | – | 977,480 | – | 3.97% | – |
| LNG | Buy | CHENIERE ENERGY INC | $46,782,000 | +2.3% | 1,009,330 | +6.6% | 3.67% | +3.0% |
| SJW | Sell | SJW CORP | $25,078,000 | -7.9% | 412,060 | -6.0% | 1.97% | -7.3% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $21,397,000 | +20.3% | 263,936 | -15.8% | 1.68% | +21.0% |
| BIDU | Sell | BAIDU INCspon adr rep a | $14,125,000 | +3.0% | 111,579 | -2.5% | 1.11% | +3.5% |
| NTES | Sell | NETEASE INCsponsored adr | $13,360,000 | -0.6% | 29,384 | -6.1% | 1.05% | 0.0% |
| INFY | Sell | INFOSYS LTDsponsored adr | $11,036,000 | +7.6% | 799,128 | -24.7% | 0.87% | +8.4% |
| VIPS | New | VIPSHOP HOLDINGS LIMITEDsponsored adr | $4,579,000 | – | 292,795 | – | 0.36% | – |
| WUBA | Exit | 58 COM INCspon adr rep a | $0 | – | -119,035 | – | -0.50% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -705,545 | – | -3.22% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DUK | New | DUKE ENERGY CORP | $141,545,000 | – | 1,771,750 | – | 11.05% | – |
| NI | New | NISOURCE INC | $127,761,000 | – | 5,618,348 | – | 9.97% | – |
| AEE | New | AMEREN CORP | $120,285,000 | – | 1,709,560 | – | 9.39% | – |
| ATO | New | ATMOS ENERGY CORP | $118,543,000 | – | 1,190,429 | – | 9.25% | – |
| SRE | New | SEMPRA ENERGY | $116,422,000 | – | 993,108 | – | 9.08% | – |
| WMB | New | WILLIAMS COS INC DEL | $101,801,000 | – | 5,352,334 | – | 7.94% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $94,858,000 | – | 566,825 | – | 7.40% | – |
| EIX | New | EDISON INTERNATIONAL | $86,875,000 | – | 1,599,606 | – | 6.78% | – |
| KMI | New | KINDER MORGAN INC DEL | $74,343,000 | – | 4,900,689 | – | 5.80% | – |
| D | New | DOMINION ENERGY INC | $64,752,000 | – | 797,630 | – | 5.05% | – |
| AEP | New | AMERICAN ELEC PWR CO INC | $58,452,000 | – | 733,950 | – | 4.56% | – |
| LNG | New | CHENIERE ENERGY INC | $45,709,000 | – | 946,940 | – | 3.57% | – |
| CMS | New | CMS ENERGY CORP | $41,218,000 | – | 705,545 | – | 3.22% | – |
| SJW | New | SJW CORP | $27,218,000 | – | 438,230 | – | 2.12% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $17,793,000 | – | 313,414 | – | 1.39% | – |
| BIDU | New | BAIDU INCspon adr rep a | $13,718,000 | – | 114,425 | – | 1.07% | – |
| NTES | New | NETEASE INCsponsored adr | $13,441,000 | – | 31,303 | – | 1.05% | – |
| INFY | New | INFOSYS LTDsponsored adr | $10,254,000 | – | 1,061,490 | – | 0.80% | – |
| WUBA | New | 58 COM INCspon adr rep a | $6,421,000 | – | 119,035 | – | 0.50% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INDA | Exit | ISHARES TRmsci india etf | $0 | – | -166,297 | – | -0.44% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -865,572 | – | -0.78% | – |
| KT | Exit | KT CORP ADRsponsored adr | $0 | – | -1,025,498 | – | -0.92% | – |
| WUBA | Exit | 58 COM INCspon adr rep a | $0 | – | -373,370 | – | -1.45% | – |
| PCG | Exit | PG&E CORP | $0 | – | -2,170,619 | – | -1.72% | – |
| SJW | Exit | SJW CORP | $0 | – | -511,130 | – | -2.76% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -608,048 | – | -3.07% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -881,738 | – | -3.24% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -407,097 | – | -3.30% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORPcl a | $0 | – | -198,260 | – | -3.78% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -229,047 | – | -4.82% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -593,493 | – | -6.52% | – |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -1,432,316 | – | -8.53% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -768,936 | – | -8.97% | – |
| NI | Exit | NISOURCE INC | $0 | – | -4,789,388 | – | -11.32% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -1,272,033 | – | -11.44% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -6,274,184 | – | -11.92% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -9,232,722 | – | -15.03% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KMI | Buy | KINDER MORGAN INC DEL | $190,286,000 | +6.2% | 9,232,722 | +7.6% | 15.03% | -0.8% |
| WMB | Buy | WILLIAMS COS INC DEL | $150,957,000 | +7.3% | 6,274,184 | +25.0% | 11.92% | +0.1% |
| ATO | Buy | ATMOS ENERGY CORP | $144,872,000 | +15.3% | 1,272,033 | +6.9% | 11.44% | +7.7% |
| NI | Buy | NISOURCE INC | $143,298,000 | +23.7% | 4,789,388 | +19.0% | 11.32% | +15.4% |
| SRE | Buy | SEMPRA ENERGY | $113,503,000 | +14.6% | 768,936 | +6.7% | 8.97% | +6.9% |
| EIX | Buy | EDISON INTERNATIONAL | $108,025,000 | +55.1% | 1,432,316 | +38.6% | 8.53% | +44.8% |
| CCI | Buy | CROWN CASTLE INTL CORP NEW | $82,501,000 | +27.4% | 593,493 | +19.5% | 6.52% | +18.9% |
| NTES | Sell | NETEASE INCsponsored adr | $60,968,000 | -9.2% | 229,047 | -12.8% | 4.82% | -15.3% |
| SBAC | Sell | SBA COMMUNICATIONS CORPcl a | $47,810,000 | -4.1% | 198,260 | -10.6% | 3.78% | -10.5% |
| BIDU | Sell | BAIDU INCspon adr rep a | $41,833,000 | -19.3% | 407,097 | -7.9% | 3.30% | -24.7% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $40,983,000 | +7.5% | 881,738 | -9.4% | 3.24% | +0.3% |
| CMS | Buy | CMS ENERGY CORP | $38,885,000 | +12.5% | 608,048 | +1.9% | 3.07% | +5.1% |
| SJW | Buy | SJW CORP | $34,905,000 | +21.7% | 511,130 | +8.3% | 2.76% | +13.6% |
| PCG | Sell | PG&E CORP | $21,706,000 | -63.8% | 2,170,619 | -17.0% | 1.72% | -66.2% |
| WUBA | Buy | 58 COM INCspon adr rep a | $18,411,000 | -11.2% | 373,370 | +11.9% | 1.45% | -17.2% |
| KT | Sell | KT CORP ADRsponsored adr | $11,598,000 | -15.3% | 1,025,498 | -7.3% | 0.92% | -20.9% |
| INFY | Sell | INFOSYS LTDsponsored adr | $9,842,000 | -10.3% | 865,572 | -15.6% | 0.78% | -16.3% |
| INDA | Sell | ISHARES TRmsci india etf | $5,583,000 | -50.6% | 166,297 | -48.0% | 0.44% | -53.9% |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KMI | New | KINDER MORGAN INC DEL | $179,125,000 | – | 8,578,762 | – | 15.16% | – |
| WMB | New | WILLIAMS COS INC DEL | $140,746,000 | – | 5,019,484 | – | 11.91% | – |
| ATO | New | ATMOS ENERGY CORP | $125,604,000 | – | 1,189,883 | – | 10.63% | – |
| NI | New | NISOURCE INC | $115,876,000 | – | 4,023,478 | – | 9.81% | – |
| SRE | New | SEMPRA ENERGY | $99,083,000 | – | 720,916 | – | 8.38% | – |
| EIX | New | EDISON INTERNATIONAL | $69,646,000 | – | 1,033,166 | – | 5.89% | – |
| NTES | New | NETEASE INCsponsored adr | $67,179,000 | – | 262,654 | – | 5.68% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $64,750,000 | – | 496,743 | – | 5.48% | – |
| PCG | New | PG&E CORP | $59,942,000 | – | 2,615,279 | – | 5.07% | – |
| BIDU | New | BAIDU INCspon adr rep a | $51,868,000 | – | 441,956 | – | 4.39% | – |
| SBAC | New | SBA COMMUNICATIONS CORPcl a | $49,865,000 | – | 221,780 | – | 4.22% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $38,128,000 | – | 973,389 | – | 3.23% | – |
| CMS | New | CMS ENERGY CORP | $34,554,000 | – | 596,688 | – | 2.92% | – |
| SJW | New | SJW CORP | $28,680,000 | – | 471,950 | – | 2.43% | – |
| WUBA | New | 58 COM INCspon adr rep a | $20,743,000 | – | 333,645 | – | 1.76% | – |
| KT | New | KT CORP ADRsponsored adr | $13,686,000 | – | 1,106,408 | – | 1.16% | – |
| INDA | New | ISHARES TRmsci india etf | $11,298,000 | – | 320,056 | – | 0.96% | – |
| INFY | New | INFOSYS LTDsponsored adr | $10,968,000 | – | 1,025,072 | – | 0.93% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KT | Exit | KT CORP ADRsponsored adr | $0 | – | -1,185,901 | – | -1.40% | – |
| EWT | Exit | ISHARES INCmsci taiwan etf | $0 | – | -619,890 | – | -1.86% | – |
| EEP | Exit | Enbridge Energy Partners | $0 | – | -2,650,312 | – | -2.32% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -3,861,908 | – | -3.13% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -875,738 | – | -3.42% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -475,394 | – | -3.56% | – |
| EEQ | Exit | ENBRIDGE ENERGY MANAGEMENT L | $0 | – | -4,466,327 | – | -3.89% | – |
| INDA | Exit | ISHARES TRmsci india etf | $0 | – | -1,728,981 | – | -4.48% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -268,363 | – | -4.88% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -643,994 | – | -5.84% | – |
| NI | Exit | NISOURCE INC | $0 | – | -3,197,418 | – | -6.36% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -3,000,964 | – | -6.51% | – |
| EIX | Exit | EDISON INTERNATIONAL | $0 | – | -1,209,896 | – | -6.53% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -2,188,922 | – | -7.71% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -431,130 | – | -7.86% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -984,558 | – | -8.74% | – |
| PCG | Exit | PG&E CORP | $0 | – | -2,666,739 | – | -9.78% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -8,280,602 | – | -11.71% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KMI | Buy | KINDER MORGAN INC DEL | $146,815,000 | +13.7% | 8,280,602 | +13.4% | 11.71% | +16.2% |
| PCG | Buy | PG&E CORP | $122,697,000 | +32.9% | 2,666,739 | +23.0% | 9.78% | +35.8% |
| CCI | Sell | CROWN CASTLE INTL CORP NEW | $109,611,000 | -14.0% | 984,558 | -16.7% | 8.74% | -12.1% |
| BIDU | Buy | BAIDU INCspon adr rep a | $98,591,000 | +4.6% | 431,130 | +11.2% | 7.86% | +6.9% |
| TSM | Buy | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $96,663,000 | +316.1% | 2,188,922 | +244.5% | 7.71% | +325.2% |
| EIX | Sell | EDISON INTERNATIONAL | $81,886,000 | -4.5% | 1,209,896 | -10.7% | 6.53% | -2.3% |
| WMB | Buy | WILLIAMS COS INC DEL | $81,596,000 | +558.2% | 3,000,964 | +556.2% | 6.51% | +572.9% |
| NI | Sell | NISOURCE INC | $79,680,000 | -10.1% | 3,197,418 | -5.2% | 6.36% | -8.1% |
| SRE | Buy | SEMPRA ENERGY | $73,254,000 | +20.9% | 643,994 | +23.4% | 5.84% | +23.5% |
| NTES | Buy | NETEASE INCsponsored adr | $61,254,000 | +25.8% | 268,363 | +39.3% | 4.88% | +28.6% |
| EEQ | Sell | ENBRIDGE ENERGY MANAGEMENT L | $48,772,000 | -1.6% | 4,466,327 | -7.6% | 3.89% | +0.6% |
| ATO | Sell | ATMOS ENERGY CORP | $44,644,000 | +3.3% | 475,394 | -0.9% | 3.56% | +5.5% |
| CMS | Sell | CMS ENERGY CORP | $42,911,000 | -47.8% | 875,738 | -49.7% | 3.42% | -46.7% |
| INFY | Buy | INFOSYS LTDsponsored adr | $39,276,000 | -45.6% | 3,861,908 | +3.9% | 3.13% | -44.4% |
| EEP | Sell | Enbridge Energy Partners | $29,127,000 | -13.9% | 2,650,312 | -14.3% | 2.32% | -11.9% |
| EWT | Sell | ISHARES INCmsci taiwan etf | $23,370,000 | -64.3% | 619,890 | -65.9% | 1.86% | -63.5% |
| KT | Buy | KT CORP ADRsponsored adr | $17,611,000 | +32.6% | 1,185,901 | +18.6% | 1.40% | +35.5% |
| JOBS | Exit | 51JOB INC | $0 | – | -8,194 | – | -0.06% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -49,500 | – | -0.24% | – |
| EWY | Exit | ISHARES INCmsci sth kor etf | $0 | – | -72,827 | – | -0.38% | – |
| BWP | Exit | BOARDWALK PIPELINE PARTNERSut ltd partner | $0 | – | -8,006,452 | – | -7.26% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KMI | New | KINDER MORGAN INC DEL | $129,084,000 | – | 7,305,288 | – | 10.07% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $127,439,000 | – | 1,181,958 | – | 9.94% | – |
| BIDU | New | BAIDU INCspon adr rep a | $94,224,000 | – | 387,753 | – | 7.35% | – |
| BWP | New | BOARDWALK PIPELINE PARTNERSut ltd partner | $93,035,000 | – | 8,006,452 | – | 7.26% | – |
| PCG | New | PG&E CORP | $92,302,000 | – | 2,168,739 | – | 7.20% | – |
| NI | New | NISOURCE INC | $88,638,000 | – | 3,372,818 | – | 6.92% | – |
| EIX | New | EDISON INTERNATIONAL | $85,705,000 | – | 1,354,596 | – | 6.69% | – |
| CMS | New | CMS ENERGY CORP | $82,236,000 | – | 1,739,338 | – | 6.42% | – |
| INFY | New | INFOSYS LTDsponsored adr | $72,211,000 | – | 3,716,462 | – | 5.64% | – |
| EWT | New | ISHARES INCmsci taiwan etf | $65,516,000 | – | 1,819,881 | – | 5.11% | – |
| SRE | New | SEMPRA ENERGY | $60,604,000 | – | 521,956 | – | 4.73% | – |
| INDA | New | ISHARES TRmsci india etf | $57,558,000 | – | 1,728,981 | – | 4.49% | – |
| EEQ | New | ENBRIDGE ENERGY MANAGEMENT L | $49,568,000 | – | 4,831,203 | – | 3.87% | – |
| NTES | New | NETEASE INCsponsored adr | $48,680,000 | – | 192,662 | – | 3.80% | – |
| ATO | New | ATMOS ENERGY CORP | $43,222,000 | – | 479,494 | – | 3.37% | – |
| EEP | New | Enbridge Energy Partners | $33,812,000 | – | 3,093,548 | – | 2.64% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $23,230,000 | – | 635,383 | – | 1.81% | – |
| KT | New | KT CORP ADRsponsored adr | $13,284,000 | – | 1,000,325 | – | 1.04% | – |
| WMB | New | WILLIAMS COS INC DEL | $12,397,000 | – | 457,300 | – | 0.97% | – |
| EWY | New | ISHARES INCmsci sth kor etf | $4,931,000 | – | 72,827 | – | 0.38% | – |
| AEE | New | AMEREN CORP | $3,012,000 | – | 49,500 | – | 0.24% | – |
| JOBS | New | 51JOB INC | $800,000 | – | 8,194 | – | 0.06% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AEE | Exit | AMEREN CORP | $0 | – | -34,900 | – | -0.20% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -268,300 | – | -0.80% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -534,399 | – | -2.00% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -266,627 | – | -2.22% | – |
| JOBS | Exit | 51JOB INC | $0 | – | -421,516 | – | -2.54% | – |
| EEP | Exit | Enbridge Energy Partners | $0 | – | -1,711,931 | – | -2.72% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -109,055 | – | -2.86% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -2,397,066 | – | -3.48% | – |
| EEQ | Exit | ENBRIDGE ENERGY MANAGEMENT L | $0 | – | -3,514,600 | – | -5.40% | – |
| INDA | Exit | ISHARES TRmsci india etf | $0 | – | -1,728,981 | – | -5.65% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -1,339,902 | – | -6.17% | – |
| NI | Exit | NISOURCE INC | $0 | – | -2,520,904 | – | -6.41% | – |
| EWT | Exit | ISHARES INCmsci taiwan etf | $0 | – | -1,819,881 | – | -6.53% | – |
| PCG | Exit | PG&E CORP | $0 | – | -1,116,017 | – | -7.56% | – |
| BWP | Exit | BOARDWALK PIPELINE PARTNERSut ltd partner | $0 | – | -5,193,027 | – | -7.59% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -669,165 | – | -7.59% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -4,617,876 | – | -8.81% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -407,777 | – | -10.04% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -1,149,209 | – | -11.42% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CCI | Sell | CROWN CASTLE INTL CORP NEW | $114,898,000 | -52.2% | 1,149,209 | -52.2% | 11.42% | -7.8% |
| BIDU | Sell | BAIDU INCspon adr rep a | $101,002,000 | -22.9% | 407,777 | -44.3% | 10.04% | +48.8% |
| KMI | Sell | KINDER MORGAN INC DEL | $88,571,000 | -47.6% | 4,617,876 | -47.6% | 8.81% | +1.2% |
| SRE | Sell | SEMPRA ENERGY | $76,372,000 | -46.4% | 669,165 | -47.0% | 7.59% | +3.5% |
| BWP | Sell | BOARDWALK PIPELINE PARTNERSut ltd partner | $76,337,000 | -47.4% | 5,193,027 | -35.6% | 7.59% | +1.5% |
| PCG | Sell | PG&E CORP | $75,990,000 | -52.5% | 1,116,017 | -53.7% | 7.56% | -8.4% |
| EWT | Sell | ISHARES INCmsci taiwan etf | $65,698,000 | -41.3% | 1,819,881 | -41.8% | 6.53% | +13.4% |
| NI | Sell | NISOURCE INC | $64,510,000 | -54.2% | 2,520,904 | -54.6% | 6.41% | -11.6% |
| CMS | Sell | CMS ENERGY CORP | $62,064,000 | -37.4% | 1,339,902 | -37.5% | 6.17% | +20.8% |
| INDA | Sell | ISHARES TRmsci india etf | $56,797,000 | -46.1% | 1,728,981 | -47.4% | 5.65% | +4.0% |
| EEQ | Sell | ENBRIDGE ENERGY MANAGEMENT L | $54,336,000 | -34.7% | 3,514,600 | -34.9% | 5.40% | +26.0% |
| INFY | Sell | INFOSYS LTDsponsored adr | $34,973,000 | -41.7% | 2,397,066 | -40.0% | 3.48% | +12.5% |
| NTES | Sell | NETEASE INCsponsored adr | $28,770,000 | -52.2% | 109,055 | -45.5% | 2.86% | -7.7% |
| EEP | Sell | Enbridge Energy Partners | $27,357,000 | -40.5% | 1,711,931 | -40.5% | 2.72% | +14.8% |
| JOBS | Sell | 51JOB INC | $25,548,000 | -51.3% | 421,516 | -64.1% | 2.54% | -6.0% |
| ATO | Sell | ATMOS ENERGY CORP | $22,354,000 | -64.4% | 266,627 | -64.8% | 2.22% | -31.3% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $20,067,000 | -43.7% | 534,399 | -47.5% | 2.00% | +8.8% |
| WMB | Sell | WILLIAMS COS INC DEL | $8,052,000 | -44.6% | 268,300 | -44.1% | 0.80% | +7.1% |
| AEE | Sell | AMEREN CORP | $2,019,000 | -97.5% | 34,900 | -97.6% | 0.20% | -95.2% |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CCI | New | CROWN CASTLE INTL CORP NEW | $240,614,000 | – | 2,401,818 | – | 12.39% | – |
| KMI | New | KINDER MORGAN INC DEL | $169,010,000 | – | 8,820,952 | – | 8.70% | – |
| PCG | New | PG&E CORP | $160,086,000 | – | 2,412,034 | – | 8.24% | – |
| BWP | New | BOARDWALK PIPELINE PARTNERSut ltd partner | $145,176,000 | – | 8,060,886 | – | 7.48% | – |
| SRE | New | SEMPRA ENERGY | $142,464,000 | – | 1,263,530 | – | 7.34% | – |
| NI | New | NISOURCE INC | $140,834,000 | – | 5,553,408 | – | 7.25% | – |
| BIDU | New | BAIDU INCspon adr rep a | $131,026,000 | – | 732,558 | – | 6.75% | – |
| EWT | New | ISHARES INCmsci taiwan etf | $111,842,000 | – | 3,127,600 | – | 5.76% | – |
| INDA | New | ISHARES TRmsci india etf | $105,470,000 | – | 3,285,680 | – | 5.43% | – |
| CMS | New | CMS ENERGY CORP | $99,170,000 | – | 2,144,204 | – | 5.11% | – |
| EEQ | New | ENBRIDGE ENERGY MANAGEMENT L | $83,238,000 | – | 5,401,584 | – | 4.29% | – |
| AEE | New | AMEREN CORP | $80,848,000 | – | 1,478,826 | – | 4.16% | – |
| ATO | New | ATMOS ENERGY CORP | $62,864,000 | – | 757,854 | – | 3.24% | – |
| NTES | New | NETEASE INCsponsored adr | $60,204,000 | – | 200,262 | – | 3.10% | – |
| INFY | New | INFOSYS LTDsponsored adr | $60,026,000 | – | 3,996,398 | – | 3.09% | – |
| JOBS | New | 51JOB INC | $52,476,000 | – | 1,173,164 | – | 2.70% | – |
| EEP | New | Enbridge Energy Partners | $46,008,000 | – | 2,875,462 | – | 2.37% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $35,614,000 | – | 1,018,718 | – | 1.83% | – |
| WMB | New | WILLIAMS COS INC DEL | $14,528,000 | – | 479,800 | – | 0.75% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -523,371 | – | -1.82% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -172,908 | – | -2.83% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -534,808 | – | -3.60% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -340,856 | – | -3.69% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -404,208 | – | -3.74% | – |
| JOBS | Exit | 51JOB INC | $0 | – | -526,142 | – | -3.86% | – |
| SE | Exit | SPECTRA ENERGY CORP | $0 | – | -420,098 | – | -3.95% | – |
| SJW | Exit | SJW CORP | $0 | – | -418,010 | – | -4.02% | – |
| INDA | Exit | ISHARES TRmsci india etf | $0 | – | -699,151 | – | -4.52% | – |
| SRE | Exit | SEMPRA ENERGY | $0 | – | -279,561 | – | -6.59% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -1,418,030 | – | -7.22% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -143,839 | – | -7.62% | – |
| EEQ | Exit | ENBRIDGE ENERGY MANAGEMENT L | $0 | – | -1,420,690 | – | -7.95% | – |
| BWP | Exit | BOARDWALK PIPELINE PARTNERSut ltd partner | $0 | – | -2,295,818 | – | -8.67% | – |
| PCG | Exit | PG&E CORP | $0 | – | -694,332 | – | -9.34% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -255,004 | – | -10.21% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -500,311 | – | -10.37% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CCI | Buy | CROWN CASTLE INTL CORP NEW | $47,134,000 | +44.8% | 500,311 | +55.9% | 10.37% | +3.1% |
| BIDU | Buy | BAIDU INCspon adr rep a | $46,429,000 | +24.2% | 255,004 | +12.6% | 10.21% | -11.5% |
| PCG | Buy | PG&E CORP | $42,472,000 | +82.1% | 694,332 | +90.3% | 9.34% | +29.8% |
| BWP | Buy | BOARDWALK PIPELINE PARTNERSut ltd partner | $39,396,000 | +105.7% | 2,295,818 | +109.2% | 8.67% | +46.6% |
| EEQ | Buy | ENBRIDGE ENERGY MANAGEMENT L | $36,142,000 | +28.7% | 1,420,690 | +16.4% | 7.95% | -8.3% |
| NTES | Sell | NETEASE INCsponsored adr | $34,634,000 | +19.7% | 143,839 | -3.9% | 7.62% | -14.7% |
| KMI | Buy | KINDER MORGAN INC DEL | $32,799,000 | +242.9% | 1,418,030 | +177.6% | 7.22% | +144.4% |
| SRE | Buy | SEMPRA ENERGY | $29,966,000 | +259.0% | 279,561 | +281.9% | 6.59% | +155.8% |
| SJW | Sell | SJW CORP | $18,259,000 | +9.7% | 418,010 | -1.1% | 4.02% | -21.8% |
| SE | Sell | SPECTRA ENERGY CORP | $17,959,000 | +8.1% | 420,098 | -7.3% | 3.95% | -23.0% |
| JOBS | Buy | 51JOB INC | $17,563,000 | +14.4% | 526,142 | +0.5% | 3.86% | -18.5% |
| CMS | Buy | CMS ENERGY CORP | $16,981,000 | +32.0% | 404,208 | +44.0% | 3.74% | -6.0% |
| AEE | Buy | AMEREN CORP | $16,763,000 | +66.0% | 340,856 | +80.9% | 3.69% | +18.3% |
| TSM | Sell | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $16,360,000 | -0.5% | 534,808 | -14.6% | 3.60% | -29.1% |
| ATO | Buy | ATMOS ENERGY CORP | $12,876,000 | +61.4% | 172,908 | +76.2% | 2.83% | +15.0% |
| INFY | Sell | INFOSYS LTDsponsored adr | $8,259,000 | -41.9% | 523,371 | -34.3% | 1.82% | -58.6% |
| ITC | Exit | ITC HLDGS CORP | $0 | – | -145,311 | – | -2.10% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BIDU | New | BAIDU INCspon adr rep a | $37,397,000 | – | 226,445 | – | 11.55% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $32,556,000 | – | 320,968 | – | 10.05% | – |
| NTES | New | NETEASE INCsponsored adr | $28,928,000 | – | 149,716 | – | 8.93% | – |
| EEQ | New | ENBRIDGE ENERGY MANAGEMENT L | $28,080,000 | – | 1,220,353 | – | 8.67% | – |
| PCG | New | PG&E CORP | $23,319,000 | – | 364,812 | – | 7.20% | – |
| INDA | New | ISHARES TRmsci india etf | $19,520,000 | – | 699,151 | – | 6.03% | – |
| BWP | New | BOARDWALK PIPELINE PARTNERSut ltd partner | $19,149,000 | – | 1,097,383 | – | 5.91% | – |
| SJW | New | SJW CORP | $16,639,000 | – | 422,526 | – | 5.14% | – |
| SE | New | SPECTRA ENERGY CORP | $16,608,000 | – | 453,400 | – | 5.13% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $16,434,000 | – | 626,518 | – | 5.07% | – |
| JOBS | New | 51JOB INC | $15,351,000 | – | 523,732 | – | 4.74% | – |
| INFY | New | INFOSYS LTDsponsored adr | $14,220,000 | – | 796,665 | – | 4.39% | – |
| CMS | New | CMS ENERGY CORP | $12,869,000 | – | 280,616 | – | 3.97% | – |
| AEE | New | AMEREN CORP | $10,098,000 | – | 188,465 | – | 3.12% | – |
| KMI | New | KINDER MORGAN INC DEL | $9,564,000 | – | 510,891 | – | 2.95% | – |
| SRE | New | SEMPRA ENERGY | $8,346,000 | – | 73,200 | – | 2.58% | – |
| ATO | New | ATMOS ENERGY CORP | $7,978,000 | – | 98,110 | – | 2.46% | – |
| ITC | New | ITC HLDGS CORP | $6,803,000 | – | 145,311 | – | 2.10% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -87,950 | – | -1.94% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -163,940 | – | -2.62% | – |
| SJW | Exit | SJW CORP | $0 | – | -232,911 | – | -2.71% | – |
| STR | Exit | QUESTAR CORP | $0 | – | -413,350 | – | -3.03% | – |
| CWT | Exit | CALIFORNIA WTR SVC GROUP | $0 | – | -379,086 | – | -3.17% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -249,163 | – | -3.33% | – |
| PCG | Exit | PG&E CORP | $0 | – | -168,168 | – | -3.36% | – |
| NI | Exit | NISOURCE INC | $0 | – | -493,600 | – | -3.46% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -588,587 | – | -4.62% | – |
| NTES | Exit | NETEASE INCsponsored adr | $0 | – | -105,262 | – | -4.78% | – |
| BWP | Exit | BOARDWALK PIPELINE PARTNERSut ltd partner | $0 | – | -1,148,100 | – | -5.11% | – |
| SE | Exit | SPECTRA ENERGY CORP | $0 | – | -538,596 | – | -5.35% | – |
| MR | Exit | MINDRAY MEDICAL INTL LTDspon adr | $0 | – | -676,502 | – | -5.59% | – |
| JOBS | Exit | 51JOB INC | $0 | – | -553,092 | – | -5.73% | – |
| ITC | Exit | ITC HLDGS CORP | $0 | – | -509,045 | – | -6.42% | – |
| EEQ | Exit | ENBRIDGE ENERGY MANAGEMENT L | $0 | – | -782,127 | – | -7.03% | – |
| CCI | Exit | CROWN CASTLE INTL CORP NEW | $0 | – | -252,093 | – | -7.52% | – |
| INDA | Exit | ISHARES TRmsci india etf | $0 | – | -699,151 | – | -7.55% | – |
| INFY | Exit | INFOSYS LTDsponsored adr | $0 | – | -1,121,942 | – | -8.10% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -165,183 | – | -8.58% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BIDU | Buy | BAIDU INCspon adr rep a | $22,698,000 | -8.4% | 165,183 | +32.6% | 8.58% | -9.6% |
| INFY | Sell | INFOSYS LTDsponsored adr | $21,418,000 | +7.9% | 1,121,942 | -10.4% | 8.10% | +6.5% |
| CCI | Buy | CROWN CASTLE INTL CORP NEW | $19,883,000 | +2.0% | 252,093 | +3.8% | 7.52% | +0.6% |
| EEQ | Buy | ENBRIDGE ENERGY MANAGEMENT L | $18,599,000 | +49.7% | 782,127 | +107.7% | 7.03% | +47.7% |
| ITC | Buy | ITC HLDGS CORP | $16,972,000 | +20.9% | 509,045 | +16.7% | 6.42% | +19.3% |
| JOBS | Buy | 51JOB INC | $15,155,000 | -8.2% | 553,092 | +11.4% | 5.73% | -9.4% |
| SE | Buy | SPECTRA ENERGY CORP | $14,149,000 | +8.4% | 538,596 | +34.5% | 5.35% | +7.0% |
| BWP | Buy | BOARDWALK PIPELINE PARTNERSut ltd partner | $13,513,000 | +23.5% | 1,148,100 | +52.3% | 5.11% | +21.8% |
| NTES | Buy | NETEASE INCsponsored adr | $12,644,000 | -10.8% | 105,262 | +7.5% | 4.78% | -12.0% |
| TSM | Buy | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $12,213,000 | -7.5% | 588,587 | +1.2% | 4.62% | -8.8% |
| NI | New | NISOURCE INC | $9,156,000 | – | 493,600 | – | 3.46% | – |
| PCG | Buy | PG&E CORP | $8,879,000 | +8.7% | 168,168 | +1.1% | 3.36% | +7.3% |
| CMS | Sell | CMS ENERGY CORP | $8,800,000 | -22.2% | 249,163 | -29.8% | 3.33% | -23.2% |
| CWT | New | CALIFORNIA WTR SVC GROUP | $8,385,000 | – | 379,086 | – | 3.17% | – |
| STR | Buy | QUESTAR CORP | $8,023,000 | +79.1% | 413,350 | +92.9% | 3.03% | +76.7% |
| SJW | Sell | SJW CORP | $7,162,000 | -15.9% | 232,911 | -16.0% | 2.71% | -17.0% |
| AEE | Sell | AMEREN CORP | $6,930,000 | +7.9% | 163,940 | -3.8% | 2.62% | +6.5% |
| ATO | Sell | ATMOS ENERGY CORP | $5,117,000 | -47.1% | 87,950 | -53.4% | 1.94% | -47.8% |
| OGS | Exit | ONE GAS INC | $0 | – | -316,906 | – | -5.17% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BIDU | New | BAIDU INCspon adr rep a | $24,792,000 | – | 124,532 | – | 9.50% | – |
| INDA | New | ISHARES TRmsci india etf | $21,156,000 | – | 699,151 | – | 8.11% | – |
| INFY | New | INFOSYS LTDsponsored adr | $19,857,000 | – | 1,252,824 | – | 7.61% | – |
| CCI | New | CROWN CASTLE INTL CORP NEW | $19,496,000 | – | 242,793 | – | 7.47% | – |
| MR | New | MINDRAY MEDICAL INTL LTDspon adr | $19,280,000 | – | 676,502 | – | 7.39% | – |
| JOBS | New | 51JOB INC | $16,508,000 | – | 496,628 | – | 6.32% | – |
| NTES | New | NETEASE INCsponsored adr | $14,181,000 | – | 97,891 | – | 5.43% | – |
| ITC | New | ITC HLDGS CORP | $14,035,000 | – | 436,148 | – | 5.38% | – |
| OGS | New | ONE GAS INC | $13,488,000 | – | 316,906 | – | 5.17% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $13,210,000 | – | 581,681 | – | 5.06% | – |
| SE | New | SPECTRA ENERGY CORP | $13,050,000 | – | 400,296 | – | 5.00% | – |
| EEQ | New | ENBRIDGE ENERGY MANAGEMENT L | $12,428,000 | – | 376,614 | – | 4.76% | – |
| CMS | New | CMS ENERGY CORP | $11,308,000 | – | 355,163 | – | 4.33% | – |
| BWP | New | BOARDWALK PIPELINE PARTNERSut ltd partner | $10,945,000 | – | 753,800 | – | 4.19% | – |
| ATO | New | ATMOS ENERGY CORP | $9,674,000 | – | 188,650 | – | 3.71% | – |
| SJW | New | SJW CORP | $8,511,000 | – | 277,311 | – | 3.26% | – |
| PCG | New | PG&E CORP | $8,166,000 | – | 166,317 | – | 3.13% | – |
| AEE | New | AMEREN CORP | $6,423,000 | – | 170,460 | – | 2.46% | – |
| STR | New | QUESTAR CORP | $4,480,000 | – | 214,250 | – | 1.72% | – |