Holding Performance

1%-0% 2%-1% 3%-2% 4%-3% 5%-4% 6%-5%

Top 25 Holdings	Portfolio Weight %	Shares Owned	Shares Change	Sector	Mkt Cap (Mil)	Total Ret YTD (Daily)
Samsung Electronics Co Ltd	2.91	62,435	4,386		88.43	-1.11
Taiwan Semiconductor Manufacturing Co Ltd	2.28	19,601,272	362,500		69.30	--
China Mobile Ltd. ADR	1.33	738,196	9,454		40.45	-5.79
China Construction Bank Corp H Shares	1.32	48,696,748	540,135		40.12	--
OAO Gazprom ADR	1.29	4,400,518	18,120		39.07	-17.78
Samsung Electronics Co Ltd GDR	1.11	47,512	38		33.69	--
Industrial And Commercial Bank Of China Ltd. H Shares	1.03	43,496,954	34,120		31.18	--
America Movil, S.A.B. de C.V.	1.03	29,785,760	23,365		31.18	--
Itau Unibanco Holding S.A.	1.01	1,726,687	28,855		30.59	--
Mtn Group Limited	0.97	1,516,602	1,190		29.55	-7.48
Bank Bradesco Pfd Shs	0.94	1,594,207	1,594,207	---	28.45	--
Petroleo Brasileiro SA Petrobras ADR	0.91	1,657,665	1,300		27.73	3.02
Sberbank Of Russia ADR	0.89	1,967,143	204,228		27.03	7.32
Companhia de Bebidas das Americas Ambev ADR	0.88	598,599	469		26.57	2.35
Hyundai Motor Co Ltd	0.84	128,045	3,080		25.62	--
Vale SA Pfd Shs -A-	0.83	1,359,458	1,359,458	---	25.10	--
Bank Of China Ltd. H Shares	0.82	52,708,181	41,346		24.91	10.44
Hon Hai Precision Ind. Co., Ltd.	0.79	8,569,929	356,732		23.91	--
OAO Lukoil ADR	0.77	362,140	284		23.37	-4.44
Sasol, Ltd. ADR	0.73	516,328	405		22.07	3.59
Tencent Holdings Ltd.	0.73	640,423	503		22.07	--
Vale SA ADR	0.73	1,161,789	101,442		22.06	-23.79
Reliance Industries Ltd.	0.68	1,378,295	1,081		20.68	--
Naspers Ltd	0.65	307,510	1,562		19.86	--
CNOOC, Ltd. ADR	0.65	101,197	79		19.73	-15.60