Data as of 2/28/15. Index represents the MSCI EAFEĀ® Index Gross.

TOP HOLDINGS (% of Rep Acct)

Volkswagen A.G. (ADR) 3.91
Shin-Etsu Chemical Co., Ltd. (ADR) 3.90
AIA Group (ADR) 3.45
Prudential PLC (ADR) 3.25
ARM Holdings PLC (ADR) 2.95
Sabmillber PLC (ADR) 2.75
Inpex Corp. (ADR) 2.65
Diageo PLC 2.60
HSBC Holdings PLC 2.44
Mitsubishi Estate Co., Ltd. (ADR) 2.43
TOTAL30.33

CHARACTERISTICS

Number of Holdings
Equity Issues

58
Market Capitalization
Weighted Average
Median

$57.47B
$45.62B
Portfolio Turnover Ratio
(1-year trailing)

73.49%
Price/Earnings Ratio
(1-year forward)

20.10
Price/Book Ratio
(1-year forward)

3.87
Earnings Growth Rate
(1-year forward)

12.75%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Volkswagen A.G. (ADR)
ARM Holdings PLC (ADR)
Mitsubishi Estate Co., Ltd. (ADR)
Liberty Global PLC - Class A
APERAM (U.S. Shares)
DETRACTORS
TNT Express N.V.
HSBC Holdings PLC
Koninklijke Vopak N.V. (ADR)
Alibaba Group Holding, Ltd. (ADR)
Bangkok Bank PCL (ADR)

SECTOR ALLOCATION (%)

REP ACCT INDEX 
Financials 24.68 25.63
 
 
Health Care 13.28 11.13
 
 
Materials 12.63 7.72
 
 
Information Technology 11.30 4.74
 
 
Industrials 9.81 12.65
 
 
Consumer Staples 8.77 11.27
 
 
Consumer Discretionary 8.32 12.74
 
 
Energy 6.48 5.49
 
 
Equity Other 2.11 -
 
Telecommunication Services 1.40 5.01
 
 
Cash & Equivalents 1.22 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

REP ACCTINDEX
Non-U.S. Developed 83.77 100.00
Non-U.S. Emerging 9.77 -
U.S. 5.24 -
Cash & Equivalents 1.22 -

REGIONS (%)

REP ACCTINDEX
Europe 61.04 65.78
Asia/Pacific Ex Japan 15.68 12.06
Japan 14.38 21.63
North America 7.29 -
Africa/Mideast 0.39 0.53
Cash & Equivalents 1.22 -

COUNTRIES (%)

REP ACCTINDEX
United Kingdom 24.86 20.74
Japan 14.38 21.63
France 11.46 9.79
Germany 9.65 9.30
Hong Kong 6.31 3.07
Switzerland 6.16 9.21
United States 5.24 -
Netherlands 3.25 2.73
China 3.05 -
India 2.93 -
Canada 2.05 -
Taiwan, Province Of China 1.94 -
Denmark 1.71 1.57
Sweden 1.58 3.16
Spain 1.48 3.39
Thailand 1.45 -
Italy 0.52 2.30
Turkey 0.39 -
Finland 0.37 0.88
Cash & Equivalents 1.22 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (%)

REP ACCTINDEX
Over $100 Billion 19.18 19.34
$50 Billion to $100 Billion 23.63 22.98
$10 Billion to $50 Billion 32.41 42.49
$5 Billion to $10 Billion 8.19 11.12
$1 Billion to $5 Billion 14.45 4.07
$500 Million to $1 Billion 2.14 -

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.