Data as of 12/31/15. Index represents the MSCI EAFEĀ® Index Gross.

TOP HOLDINGS (% of Rep Acct)

Nippon Telegraph & Telephone Corp (ADR) 4.32
AIA Group Ltd (ADR) 3.68
Sekisui Chemical Co Ltd (ADR) 3.61
SABMiller PLC (ADR) 3.47
Shin-Etsu Chemical Co Ltd (ADR) 3.41
Prudential PLC (ADR) 3.39
BNP Paribas SA (ADR) 2.75
Diageo PLC (ADR) 2.69
Novo Nordisk A/S (ADR) 2.52
Essilor International SA (ADR) 2.52
TOTAL32.36

CHARACTERISTICS

Number of Holdings
Equity Issues

56
Market Capitalization
Weighted Average
Median

$54.41B
$52.81B
Portfolio Turnover Ratio
(1-year trailing)

45.65%
Price/Earnings Ratio
(1-year forward)

19.32
Price/Book Ratio
(1-year forward)

2.83
Earnings Growth Rate
(1-year forward)

10.71%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Sekisui Chemical Co Ltd (ADR)
Nippon Telegraph & Telephone Corp (ADR)
Novo Nordisk A/S (ADR)
Sumitomo Metal Mining Co Ltd (ADR)
Telstra Corp Ltd
DETRACTORS
Sumco Corp (ADR)
ARM Holdings PLC (ADR)
Ctrip.com International Ltd (ADR)
Schneider Electric SE (ADR)
Shin-Etsu Chemical Co Ltd (ADR)

SECTOR ALLOCATION (%)

REP ACCT INDEX 
Financials 21.92 25.57
 
 
Consumer Discretionary 12.24 13.17
 
 
Information Technology 11.86 5.37
 
 
Health Care 11.68 11.88
 
 
Consumer Staples 9.97 11.86
 
 
Telecommunication Services 8.10 4.91
 
 
Industrials 7.27 12.63
 
 
Materials 6.68 6.35
 
 
Energy 4.83 4.52
 
 
Equity Other 1.71 -
 
Utilities 1.21 3.74
 
 
Cash & Equivalents 2.53 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

REP ACCTINDEX
Non-U.S. Developed 85.85 100.00
Non-U.S. Emerging 8.30 -
U.S. 3.32 -
Cash & Equivalents 2.53 -

REGIONS (%)

REP ACCTINDEX
Europe 60.03 64.41
Japan 18.99 23.39
Asia/Pacific Ex Japan 14.67 11.36
North America 3.46 -
Latin America 0.32 -
Cash & Equivalents 2.53 -

COUNTRIES (%)

REP ACCTINDEX
United Kingdom 22.50 19.34
Japan 18.99 23.38
France 16.15 9.72
Switzerland 7.81 9.39
Hong Kong 5.74 3.13
China 4.70 -
Germany 4.65 9.08
United States 3.32 -
Italy 3.11 2.35
Denmark 2.52 1.90
India 1.71 -
Taiwan, Province Of China 1.56 -
Sweden 1.49 2.86
Ireland 1.25 0.40
Australia 0.95 6.82
Finland 0.55 0.90
Mexico 0.32 -
Canada 0.15 -
Cash & Equivalents 2.53 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (%)

REP ACCTINDEX
Over $100 Billion 12.69 15.04
$50 Billion to $100 Billion 32.99 23.57
$10 Billion to $50 Billion 28.06 43.52
$5 Billion to $10 Billion 10.08 12.21
$1 Billion to $5 Billion 11.94 5.09
N/A 1.71 0.57

Equity country, regional, sector and industry weights based on MSCI and GICS classifications. Fixed income country, regional, sector and industry weights based on Barclays classifications.