Data as of 1/31/15. Index represents the MSCI EAFEĀ® Index Gross.

TOP HOLDINGS (% of Rep Acct)

Shin-Etsu Chemical Co., Ltd. (ADR) 3.98
Volkswagen A.G. (ADR) 3.66
AIA Group (ADR) 3.58
Prudential PLC (ADR) 3.34
Sabmillber PLC (ADR) 2.82
iShares India 50 2.80
Diageo PLC 2.75
ARM Holdings PLC (ADR) 2.74
HSBC Holdings PLC 2.66
Inpex Corp. (ADR) 2.65
TOTAL30.98

CHARACTERISTICS

Number of Holdings
Equity Issues

56
Market Capitalization
Weighted Average
Median

$57.49B
$40.28B
Portfolio Turnover Ratio
(1-year trailing)

77.49%
Price/Earnings Ratio
(1-year forward)

19.65
Price/Book Ratio
(1-year forward)

2.92
Earnings Growth Rate
(1-year forward)

10.52%

MONTHLY TOP EQUITY
CONTRIBUTORS & DETRACTORS

CONTRIBUTORS
Sumco Corp. (ADR)
iShares India 50
Tencent Holdings, Ltd. (ADR)
Unilever N.V. (ADR)
Sabmillber PLC (ADR)
DETRACTORS
Glencore Xstrata PLC (ADR)
Alibaba Group Holding, Ltd. (ADR)
Panalpina Welttransport Holding A.G. (ADR)
BNP Paribas S.A. (ADR)
Melco Crown Entertainment, Ltd. (ADR)

SECTOR ALLOCATION (%)

REP ACCT INDEX 
Financials 24.60 25.32
 
 
Health Care 13.29 11.33
 
 
Information Technology 11.58 4.75
 
 
Materials 11.42 7.45
 
 
Consumer Staples 9.09 11.57
 
 
Consumer Discretionary 8.32 12.64
 
 
Industrials 7.93 12.58
 
 
Energy 6.61 5.37
 
 
Equity Other 2.80 -
 
Telecommunication Services 1.51 5.14
 
 
Cash & Equivalents 2.85 -
 

DEVELOPED VS. EMERGING MARKET EXPOSURE (%)

REP ACCTINDEX
Non-U.S. Developed 82.07 100.00
Non-U.S. Emerging 10.95 -
U.S. 4.13 -
Cash & Equivalents 2.85 -

REGIONS (%)

REP ACCTINDEX
Europe 58.21 65.57
Asia/Pacific Ex Japan 17.03 12.28
Japan 14.64 21.59
North America 6.81 -
Africa/Mideast 0.46 0.56
Cash & Equivalents 2.85 -

COUNTRIES (%)

REP ACCTINDEX
United Kingdom 24.19 20.75
Japan 14.64 21.60
France 9.59 9.73
Germany 9.33 9.26
Hong Kong 6.54 3.27
Switzerland 6.12 9.32
United States 4.13 -
India 3.70 -
Netherlands 3.58 2.71
China 3.25 -
Canada 2.68 -
Taiwan, Province Of China 1.91 -
Denmark 1.70 1.53
Thailand 1.64 -
Sweden 1.48 3.13
Spain 1.34 3.35
Italy 0.55 2.25
Turkey 0.46 -
Finland 0.32 0.90
Cash & Equivalents 2.85 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS (%)

REP ACCTINDEX
Over $100 Billion 19.80 18.13
$50 Billion to $100 Billion 21.45 21.72
$10 Billion to $50 Billion 34.67 43.62
$5 Billion to $10 Billion 5.28 11.89
$1 Billion to $5 Billion 15.92 4.64
$500 Million to $1 Billion 2.88 -

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.