| OVERALL PORTFOLIO COMPOSITION (%) | |
| TOP 10 HOLDINGS ( 22.19% OF TOTAL ASSETS) | |
| Company | Symbol | % Assets | | Dongfang Electric Corporation Limited | N/A | 1.55 | | Hengan International Group Co. Ltd. | N/A | 1.66 | | Jiangxi Copper Company Limited | N/A | 2.43 | | MECHEL OAO ADS | MTL | 1.48 | | NetEase.com, Inc. ADR | N/A | 2.05 | | Nine Dragons Paper (Holdings) Ltd. | N/A | 3.55 | | Seoul Semiconductor | N/A | 1.82 | | Shimao Property Holdings Ltd. | N/A | 2.32 | | ULTRAPAR PARTICIP | UGP | 2.16 | | VIVO PARTICIPAC NEW | VIV | 3.17 |
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| Ratio | PIE | | Average Price/Earnings | 13.93 | | Average Price/Book | 1.94 | | Average Price/Sales | 0.68 | | Average Price/Cashflow | 4.67 |
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| Sector | | PIE | | Software | | 0 | | Industrial Materials | | 27.99 | | Energy | | 6.19 | | Utilities | | 2.92 | | Hardware | | 1.82 | | Media | | 1.96 | | Telecommunication | | 7.52 | | Healthcare | | 1.77 | | Consumer Services | | 7.16 | | Business Services | | 4.11 | | Financial Services | | 18.91 | | Consumer Goods | | 18.84 |
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