Destinations International Equity Fund
Overview
The Destinations International Equity Fund seeks long-term capital appreciation and invests in equity securities of foreign markets, including emerging and frontier markets, across market capitalizations.
Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:
- BAMCO, Inc. is the sub-adviser of Baron Emerging Markets which employs a long-term investment approach that seeks out appropriately capitalized open-ended growth opportunities, exceptional leadership, and sustainable competitive advantages.
- MFS Investment Management is the sub-adviser of MFS International Value which employs a contrarian investment process that seeks companies that are undervalued compared to intrinsic value.
- T. Rowe Price Associates, Inc. is the sub-adviser of T. Rowe Price International Growth which focuses on companies with the potential to achieve long term earnings growth that have a leading market position, technological leadership or proprietary advantage and seasoned management.
- Wasatch Advisors, Inc. is a sub-adviser of Wasatch International Micro Cap which targets inefficient segments of international equity markets with a focus on high-quality companies that offer long duration earnings and revenue growth and are trading at a reasonable valuation.
| Fund performance as of 3/31/18 | ||||||||||||||
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| MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception |
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| Destinations International Equity Fund |
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| MSCI All Country World Index ex USA |
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Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.
MSCI All Country World ex USA Index Definition: A market-capitalization-weighted index maintained by MSCI and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI All Country World ex USA Index includes both developed and emerging markets.
An investment in the Destinations International Equity Fund is subject to risk, including the possible loss of principal amount invested.
Concentration is the risk that issuers in a single country, a small number of countries, or a particular geographic region or issuers in an industry or sector can react similarly to market, economic, political, regulatory, geopolitical, and other conditions.
Derivatives, such as futures, involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues include tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund.
Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies.
Risks of foreign investment tend to be greater in emerging markets, which tend to be more likely to experience political turmoil or rapid change to market or economic conditions.
Frontier markets, considered to be a subset of emerging markets, generally have smaller economies and less mature capital markets than emerging markets. As a result, the risks are magnified in frontier market countries.
Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.
With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.
Stocks of smaller companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies and typically are traded in lower volume, are less liquid. These risks may be heightened with respect to micro-cap companies.
- Ticker: DIEFX
- CUSIP: 10964R301
- Benchmark: MSCI All Country World Index ex USA
- Inception date: 03/20/2017
- Gross expense ratio: 1.27%
- Net expense ratio: 1.05%*
Management team
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Jeffrey W. Raupp Director of InvestmentsJeffrey W. Raupp, CFA, MBA, is Director of Investments at Brinker Capital with portfolio management responsibilities for the Destinations program. He also serves as chair of Brinker Capital’s asset allocation committee. Mr. Raupp joined Brinker Capital in 1996 as an operations manager and has been a portfolio manager for the Destinations program since 2001. Prior to joining Brinker Capital, Mr. Raupp was an electronic engineer and project manager for a small electronics firm. He also served as an officer in the United States Army. Mr. Raupp has a B.S. in Mechanical Engineering from the University of Delaware and a MBA in Finance from Villanova University.
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Amy L. Magnotta Senior Vice President
Amy L. Magnotta, CFA, is a Senior Vice President at Brinker Capital with portfolio management responsibilities for the Destinations program. Ms. Magnotta joined Brinker Capital in 2006 as a senior analyst and has been portfolio manager for the Destinations program since 2007. Prior to joining Brinker Capital, Ms. Magnotta was an associate at Franklin Park Associates from 2004 to 2006 and an associate at BlackRock from 2001 to 2004. Ms. Magnotta has a B.S. in Finance from Lehigh University.
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Leigh A. Lowman Investment Manager
Leigh A. Lowman, CFA is an Investment Manager at Brinker Capital with portfolio management responsibilities for the Destinations program. Prior to joining Brinker Capital in 2015, Ms. Lowman was an outreach analyst for The Investment Fund for Foundations (TIFF) and a senior associate for Mondrian Investment Partners. Ms. Lowman was previously at Brinker Capital from 2004 to 2010 as an investment associate and operations analyst. Ms. Lowman has a B.A. in Economics from Wittenberg University.
Performance
| Fund performance as of 3/31/18 | ||||||||||||||||||||
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| Annualized | ||||||||||||||||||||
| MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception |
Inception Date |
Gross expense ratio |
Net expense ratio* |
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| Destinations International Equity Fund |
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| MSCI All Country World Index ex USA |
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Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979. Year-to-date (YTD) returns are not listed for the Funds as a full year of performance does not yet exist.
*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.
MSCI All Country World ex USA Index Definition: A market-capitalization-weighted index maintained by MSCI and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI All Country World ex USA Index includes both developed and emerging markets.
Holdings
| Security Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
|---|---|---|---|---|---|---|
| AUSTRALIAN DOLLAR | CASHAUD | CURRENCY | 51.0500 | 38.61 | .00 | |
| BRAZIL REAL | CASHBRL | CURRENCY | 194,250.0300 | 52,161.66 | .00 | |
| CANADIAN DOLLAR | CASHCAD | CURRENCY | 9.0300 | 6.96 | .00 | |
| EURO | CASHEUR | CURRENCY | 428,113.5800 | 500,486.18 | .04 | |
| HONG KONG DOLLAR | CASHHKD | CURRENCY | 5,336.8600 | 680.43 | .00 | |
| INDIAN RUPEE | CASHINR | CURRENCY | 357,446.4000 | 5,301.00 | .00 | |
| RUPIAH INDONESIA | CASHIDR | CURRENCY | 158,807,315.7800 | 11,429.10 | .00 | |
| SHEKEL ISRAEL | CASHILS | CURRENCY | 56,842.2700 | 15,946.77 | .00 | |
| YEN JAPAN | CASHJPY | CURRENCY | 5,526,969.0000 | 50,811.03 | .00 | |
| MALAYSIAN RINGGIT | CASHMYR | CURRENCY | 452,971.1800 | 113,811.86 | .01 | |
| PHILIPPINE PESO | CASHPHP | CURRENCY | 5.1800 | .10 | .00 | |
| SINGAPORE DOLLAR | CASHSGD | CURRENCY | 747.9500 | 558.63 | .00 | |
| SOUTH AFRICA RAND | CASHZAR | CURRENCY | 4,239.2600 | 333.10 | .00 | |
| SOUTH KOREA WON | CASHKRW | CURRENCY | .1400 | .00 | .00 | |
| SWISS FRANC | CASHCHF | CURRENCY | .0200 | .02 | .00 | |
| BAHT THAILAND | CASHTHB | CURRENCY | 99,792.0000 | 3,113.15 | .00 | |
| BRITISH POUNDS | CASHGBP | CURRENCY | 268,253.8300 | 356,562.97 | .03 | |
| US DOLLARS | CASHUSD | CURRENCY | 33,085,028.8700 | 33,085,028.87 | 2.40 | |
| BANCO MACRO SA-ADR | BMA | 05961W105 | COMMON STOCK | 29,701.0000 | 2,334,795.61 | .17 |
| LOMA NEGRA CIA IND-SPON ADR | LOMA | 54150E104 | COMMON STOCK | 102,212.0000 | 1,318,534.80 | .10 |
| YPF S.A.-SPONSORED ADR | YPF | 984245100 | COMMON STOCK | 177,884.0000 | 3,230,373.44 | .23 |
| WEBJET LTD /AUD/ | WEB | 6015815 | COMMON STOCK | 532,077.0000 | 5,004,924.09 | .36 |
| AMCOR LIMITED /AUD/ | AMC | 6066608 | COMMON STOCK | 328,322.0000 | 3,485,633.99 | .25 |
| PRO MEDICUS LTD /AUD/ | 6292782 | COMMON STOCK | 754,645.0000 | 4,212,133.57 | .31 | |
| ORICA LTD /AUD/ | ORI | 6458001 | COMMON STOCK | 68,151.0000 | 909,483.57 | .07 |
| NICK SCALI LTD /AUD/ | B00VZV8 | COMMON STOCK | 244,039.0000 | 1,239,645.63 | .09 | |
| BRAMBLES LTD /AUD/ | BXB | B1FJ0C0 | COMMON STOCK | 312,846.0000 | 2,132,387.12 | .15 |
| NANOSONICS LTD /AUD/ | B1WF979 | COMMON STOCK | 741,248.0000 | 1,483,402.25 | .11 | |
| DULUXGROUP LTD /AUD/ | B3VL4P5 | COMMON STOCK | 369,299.0000 | 2,074,829.67 | .15 | |
| SOUTH32 LTD /AUD/ | BWSW5D9 | COMMON STOCK | 949,480.0000 | 2,659,763.44 | .19 | |
| ERSTE GROUP BANK AG /EUR/ | 5289837 | COMMON STOCK | 109,862.0000 | 4,548,689.19 | .33 | |
| ANHEUSER-BUSCH INBEV SA/ /EUR/ | BYYHL23 | COMMON STOCK | 25,956.0000 | 2,432,565.86 | .18 | |
| HISCOX LTD /GBP/ | BVZHXQ9 | COMMON STOCK | 82,483.0000 | 1,646,942.88 | .12 | |
| ESPRIT HOLDINGS LTD /HKD/ | 6321642 | COMMON STOCK | 727,100.0000 | 233,984.67 | .02 | |
| MAN WAH HOLDINGS LTD /HKD/ | B58YWF7 | COMMON STOCK | 1,366,467.0000 | 1,205,773.78 | .09 | |
| JARDINE MATHESON HLDGS LTD | 6472119 | COMMON STOCK | 67,300.0000 | 4,199,417.50 | .30 | |
| LIBERTY LATIN AMERIC-CL C | LILAK | BD9Q3Q6 | COMMON STOCK | 76,100.0000 | 1,634,628.00 | .12 |
| CREDICORP LTD | BAP | G2519Y108 | COMMON STOCK | 4,703.0000 | 1,041,338.26 | .08 |
| KROTON EDUCACIONAL SA /BRL/ | 2836946 | COMMON STOCK | 209,254.0000 | 606,805.64 | .04 | |
| LOCALIZA RENT A CAR /BRL/ | B08K3S0 | COMMON STOCK | 48,384.0000 | 320,144.16 | .02 | |
| TOTVS SA /BRL/ | B10LQP6 | COMMON STOCK | 76,139.0000 | 573,503.99 | .04 | |
| LINX SA /BRL/ | B9DL3B4 | COMMON STOCK | 220,630.0000 | 1,125,608.11 | .08 | |
| BB SEGURIDADE PARTICIPAC /BRL/ | B9N3SQ0 | COMMON STOCK | 270,750.0000 | 1,890,450.80 | .14 | |
| SMILES FIDELIDADE SA /BRL/ | BF2JKY3 | COMMON STOCK | 161,023.0000 | 2,510,042.82 | .18 | |
| B3 SA-BRASIL BOLSA BALCA /BRL/ | BG36ZK1 | COMMON STOCK | 372,550.0000 | 2,167,224.89 | .16 | |
| RUMO SA /BRL/ | BYXZ2W5 | COMMON STOCK | 756,778.0000 | 2,798,123.25 | .20 | |
| BANCO BRADESCO-ADR | BBD | 059460303 | COMMON STOCK | 143,307.0000 | 1,124,959.95 | .08 |
| PETROLEO BRASILEIRO-SPON ADR | PBR | 71654V408 | COMMON STOCK | 230,320.0000 | 2,731,595.20 | .20 |
| CANADIAN PACIFIC RAILWAY /CAD/ | CP | 13645T100 | COMMON STOCK | 11,000.0000 | 2,120,852.93 | .15 |
| ALIMENTATION COUCHE-TARD /CAD/ | 2011646 | COMMON STOCK | 42,041.0000 | 1,755,301.72 | .13 | |
| COMPUTER MODELLING GROUP /CAD/ | CMG | 205249105 | COMMON STOCK | 324,706.0000 | 2,391,410.73 | .17 |
| CANADIAN NATURAL RESOURC /CAD/ | CNQ | 2171573 | COMMON STOCK | 99,000.0000 | 3,427,246.09 | .25 |
| THOMSON REUTERS CORP /CAD/ | 2889371 | COMMON STOCK | 36,548.0000 | 1,420,825.70 | .10 | |
| EQUITABLE GROUP INC /CAD/ | 294505102 | COMMON STOCK | 43,111.0000 | 1,816,932.33 | .13 | |
| FAIRFAX FINANCIAL HLDGS /CAD/ | FFH | 303901102 | COMMON STOCK | 5,168.0000 | 2,901,524.92 | .21 |
| JAMIESON WELLNESS INC /CAD/ | 470748104 | COMMON STOCK | 65,862.0000 | 1,270,308.18 | .09 | |
| SEVEN GENERATIONS ENERGY /CAD/ | 81783Q105 | COMMON STOCK | 145,978.0000 | 1,889,034.35 | .14 | |
| MAGNA INTERNATIONAL INC | MGA | 559222401 | COMMON STOCK | 41,431.0000 | 2,654,484.17 | .19 |
| RESTAURANT BRANDS INTERN | QSR | 76131D103 | COMMON STOCK | 33,900.0000 | 2,000,778.00 | .15 |
| TRANSCANADA CORP | TRP | 89353D107 | COMMON STOCK | 37,100.0000 | 1,551,893.00 | .11 |
| WASTE CONNECTIONS INC | 94106B101 | COMMON STOCK | 23,800.0000 | 1,829,744.00 | .13 | |
| LEKOIL LTD - DI /GBP/ | B9FFQF9 | COMMON STOCK | 1,551,703.0000 | 415,631.50 | .03 | |
| KINGDEE INTERNATIONAL SF /HKD/ | 6327587 | COMMON STOCK | 1,843,761.0000 | 2,008,109.81 | .15 | |
| TONGDA GROUP HOLDINGS LT /HKD/ | 698 | 6410324 | COMMON STOCK | 6,495,093.0000 | 1,543,212.60 | .11 |
| SINO BIOPHARMACEUTICAL /HKD/ | B00XSF9 | COMMON STOCK | 1,786,423.0000 | 4,485,626.88 | .33 | |
| CHINA MENGNIU DAIRY CO /HKD/ | B01B1L9 | COMMON STOCK | 1,730,418.0000 | 6,280,699.99 | .46 | |
| SHENZHOU INTERNATIONAL G /HKD/ | B0MP1B0 | COMMON STOCK | 254,811.0000 | 2,976,416.58 | .22 | |
| SUNNY OPTICAL TECH /HKD/ | B1YBT08 | COMMON STOCK | 114,112.0000 | 2,297,941.52 | .17 | |
| YIHAI INTERNATIONAL HOLD /HKD/ | BD9GZX7 | COMMON STOCK | 2,034,000.0000 | 3,739,819.68 | .27 | |
| TONGDA HONG TAI HOLDINGS LTD | BF4HTC6 | COMMON STOCK | 142,783.0000 | 25,603.71 | .00 | |
| WH GROUP LTD /HKD/ | BLLHKZ1 | COMMON STOCK | 3,378,183.0000 | 3,461,277.08 | .25 | |
| TENCENT HOLDINGS LTD /HKD/ | BMMV2K8 | COMMON STOCK | 335,112.0000 | 16,891,886.23 | 1.23 | |
| CK HUTCHISON HOLDINGS LT /HKD/ | BW9P816 | COMMON STOCK | 510,000.0000 | 5,725,817.18 | .42 | |
| GINKO INTERNATIONAL CO L /TWD/ | B7X3BR8 | COMMON STOCK | 143,642.0000 | 1,279,957.47 | .09 | |
| ALIBABA GROUP HOLDING-SP ADR | BABA | 01609W102 | COMMON STOCK | 81,148.0000 | 16,068,115.48 | 1.17 |
| BAIDU INC | BIDU | 056752108 | COMMON STOCK | 18,357.0000 | 4,452,673.92 | .32 |
| CTRIP.COM INTERNATIONAL-ADR | CTRP | 22943F100 | COMMON STOCK | 44,928.0000 | 2,025,803.52 | .15 |
| MOMO INC-SPON ADR | MOMO | 60879B107 | COMMON STOCK | 57,035.0000 | 2,619,047.20 | .19 |
| SEA LTD-ADR | SE | 81141R100 | COMMON STOCK | 104,034.0000 | 1,538,662.86 | .11 |
| TAL EDUCATION GROUP- ADR | TAL | 874080104 | COMMON STOCK | 83,446.0000 | 3,543,117.16 | .26 |
| PAGSEGURO DIGITAL LTD-CL A | PAGS | BFWK4R7 | COMMON STOCK | 126,529.0000 | 4,209,619.83 | .31 |
| PING AN INSURANCE GROUP /HKD/ | 2318 | B01FLR7 | COMMON STOCK | 133,000.0000 | 1,294,161.64 | .09 |
| CHINA CONSTRUCTION BANK- /HKD/ | 939 | B0LMTQ3 | COMMON STOCK | 6,251,859.0000 | 6,296,920.91 | .46 |
| IND & COMM BK OF CHINA-H /HKD/ | 1398 | B1G1QD8 | COMMON STOCK | 5,238,840.0000 | 4,309,781.90 | .31 |
| SINOPHARM GROUP CO-H /HKD/ | B3ZVDV0 | COMMON STOCK | 585,132.0000 | 2,599,118.24 | .19 | |
| HAITONG SECURITIES CO LTD/HKD | B71SXC4 | COMMON STOCK | 1,356,337.0000 | 1,690,359.38 | .12 | |
| HAN'S LASER TECHNOLOGY I /CNH/ | BD5CKS9 | COMMON STOCK | 182,995.0000 | 1,569,336.36 | .11 | |
| KANGDE XIN COMPOSITE MAT /CNH/ | BD5CNV3 | COMMON STOCK | 995,751.0000 | 2,947,796.33 | .21 | |
| YUNNAN BAIYAO GROUP CO L /CNH/ | BD5CP95 | COMMON STOCK | 176,640.0000 | 3,139,287.76 | .23 | |
| GREE ELECTRIC APPLIANCES /CNY/ | BD5CPN9 | COMMON STOCK | 188,000.0000 | 1,392,331.22 | .10 | |
| MIDEA GROUP CO LTD-A /CNH/ | BD5CPP1 | COMMON STOCK | 401,736.0000 | 3,314,143.83 | .24 | |
| HANGZHOU HIKVISION DIGIT /CNH/ | BD5CPQ2 | COMMON STOCK | 474,023.0000 | 2,893,254.63 | .21 | |
| KWEICHOW MOUTAI CO LTD-A /CNY/ | BP3R2F1 | COMMON STOCK | 22,953.0000 | 2,689,862.62 | .20 | |
| GN STORE NORD A/S /DKK/ | GN | 4501093 | COMMON STOCK | 43,137.0000 | 1,645,914.50 | .12 |
| JYSKE BANK-REG /DKK/ | JYSK | B0386J1 | COMMON STOCK | 13,996.0000 | 763,379.89 | .06 |
| SYDBANK A/S /DKK/ | SYDB | B06JSP1 | COMMON STOCK | 18,561.0000 | 630,417.37 | .05 |
| ROYAL UNIBREW /DKK/ | BX8ZX20 | COMMON STOCK | 57,879.0000 | 4,158,045.36 | .30 | |
| CLEOPATRA HOSPITAL /EGP/ | BYY7D05 | COMMON STOCK | 8,667,245.0000 | 1,832,586.40 | .13 | |
| WARTSILA /EUR/ | WRT1V | 4525189 | COMMON STOCK | 29,647.0000 | 625,529.31 | .05 |
| SAMPO OYJ-A SHS /EUR/ | SAMAS | 5226038 | COMMON STOCK | 70,780.0000 | 3,476,082.05 | .25 |
| L'OREAL /EUR/ | OR | 4057808 | COMMON STOCK | 17,687.0000 | 4,251,511.69 | .31 |
| LVMH MOET HENNESSY LOUIS /EUR/ | MC | 4061412 | COMMON STOCK | 2,289.0000 | 794,979.20 | .06 |
| DASSAULT AVIATION SA /EUR/ | 4067164 | COMMON STOCK | 1,619.0000 | 3,152,151.28 | .23 | |
| THALES SA /EUR/ | HO | 4162791 | COMMON STOCK | 42,511.0000 | 5,402,574.13 | .39 |
| LECTRA /EUR/ | LSS | 4508663 | COMMON STOCK | 38,711.0000 | 979,825.69 | .07 |
| PERNOD RICARD SA /EUR/ | RI | 4682329 | COMMON STOCK | 42,640.0000 | 7,182,905.52 | .52 |
| SCHNEIDER ELEC SA /EUR/ | 4834108 | COMMON STOCK | 87,480.0000 | 7,595,191.51 | .55 | |
| ESKER SA /EUR/ | 5267639 | COMMON STOCK | 40,518.0000 | 2,880,057.55 | .21 | |
| DASSAULT SYSTEMES SA /EUR/ | DSY | 5330047 | COMMON STOCK | 28,847.0000 | 4,052,241.29 | .29 |
| INFOTEL /EUR/ | 5604667 | COMMON STOCK | 10,591.0000 | 698,592.22 | .05 | |
| AUBAY /EUR/ | 5997323 | COMMON STOCK | 25,786.0000 | 1,165,867.83 | .08 | |
| BNP PARIBAS /EUR/ | BNP | 7309681 | COMMON STOCK | 39,332.0000 | 2,452,340.05 | .18 |
| LEGRAND SA /EUR/ | LR | B11ZRK9 | COMMON STOCK | 61,853.0000 | 4,659,241.35 | .34 |
| TOTAL SA /EUR/ | B15C557 | COMMON STOCK | 26,741.0000 | 1,625,163.11 | .12 | |
| AKKA TECHNOLOGIES /EUR/ | B188LG5 | COMMON STOCK | 21,966.0000 | 1,520,681.43 | .11 | |
| MGI DIGITAL GRAPHIC TECH /EUR/ | B18FJV7 | COMMON STOCK | 26,883.0000 | 1,895,156.46 | .14 | |
| DANONE /EUR/ | BN | B1Y9TB3 | COMMON STOCK | 80,511.0000 | 6,143,143.60 | .45 |
| AIR LIQUIDE SA /EUR/ | B1YXBJ7 | COMMON STOCK | 23,758.0000 | 2,921,262.58 | .21 | |
| NEXUS AG /EUR/ | 4100553 | COMMON STOCK | 58,252.0000 | 1,839,745.60 | .13 | |
| FRESENIUS SE & CO KGAA /EUR/ | 4352097 | COMMON STOCK | 56,672.0000 | 4,358,256.62 | .32 | |
| GEA GROUP AG /EUR/ | 4557104 | COMMON STOCK | 64,362.0000 | 2,371,052.76 | .17 | |
| MERCK KGAA /EUR/ | MRK | 4741844 | COMMON STOCK | 23,466.0000 | 2,396,770.58 | .17 |
| BAYER AG-REG /EUR/ | 5069211 | COMMON STOCK | 77,638.0000 | 9,239,467.97 | .67 | |
| HENKEL AG & CO KGAA /EUR/ | 5076705 | COMMON STOCK | 60,998.0000 | 7,533,547.09 | .55 | |
| BEIERSDORF AG /EUR/ | BEI | 5107401 | COMMON STOCK | 2,395.0000 | 275,093.68 | .02 |
| TAG IMMOBILIEN AG /EUR/ | TEG | 5735631 | COMMON STOCK | 64,257.0000 | 1,354,759.38 | .10 |
| CANCOM SE /EUR/ | 5772627 | COMMON STOCK | 25,165.0000 | 2,861,370.82 | .21 | |
| INFINEON TECHNOLOGIES AG /EUR/ | IFX | 5889505 | COMMON STOCK | 206,935.0000 | 5,686,628.04 | .41 |
| ISRA VISION AG /EUR/ | 5949777 | COMMON STOCK | 68,315.0000 | 3,474,437.85 | .25 | |
| WIRECARD AG /EUR/ | WDI | 7508927 | COMMON STOCK | 14,398.0000 | 2,226,388.36 | .16 |
| DEUTSCHE WOHNEN SE /EUR/ | DWNI | B0YZ0Z5 | COMMON STOCK | 123,172.0000 | 5,779,667.18 | .42 |
| SYMRISE AG /EUR/ | SY1 | B1JB4K8 | COMMON STOCK | 45,240.0000 | 3,676,097.16 | .27 |
| XING SE /EUR/ | B1JTY91 | COMMON STOCK | 8,973.0000 | 2,824,826.76 | .21 | |
| HYPOPORT AG /EUR/ | B28XLF6 | COMMON STOCK | 25,687.0000 | 4,651,310.39 | .34 | |
| BRENNTAG AG /EUR/ | B4YVF56 | COMMON STOCK | 34,572.0000 | 1,995,311.59 | .14 | |
| TELEFONICA DEUTSCHLAND H /EUR/ | B7VG6L8 | COMMON STOCK | 463,223.0000 | 1,958,496.67 | .14 | |
| LEG IMMOBILIEN AG /EUR/ | B9G6L89 | COMMON STOCK | 16,800.0000 | 1,839,826.00 | .13 | |
| VONOVIA SE /EUR/ | BBJPFY1 | COMMON STOCK | 102,430.0000 | 4,835,110.17 | .35 | |
| SIEMENS HEALTHINEERS AG /EUR/ | BD594Y4 | COMMON STOCK | 32,088.0000 | 1,275,588.80 | .09 | |
| LINDE AG - TENDER /EUR/ | BF8K6K8 | COMMON STOCK | 8,580.0000 | 1,967,566.34 | .14 | |
| SCOUT24 AG /EUR/ | BYT9340 | COMMON STOCK | 62,639.0000 | 3,210,548.94 | .23 | |
| AUMANN AG /EUR/ | BYW82K3 | COMMON STOCK | 16,563.0000 | 1,169,846.48 | .08 | |
| VA-Q-TEC AG /EUR/ | BZ13VD2 | COMMON STOCK | 57,746.0000 | 803,790.63 | .06 | |
| SARANTIS SA /EUR/ | SAR | 7124958 | COMMON STOCK | 143,278.0000 | 2,412,889.85 | .18 |
| CHINA MOBILE LTD /HKD/ | 941 | 6073556 | COMMON STOCK | 341,247.0000 | 3,059,090.41 | .22 |
| CSPC PHARMACEUTICAL GROU /HKD/ | 1093 | 6191997 | COMMON STOCK | 1,336,589.0000 | 4,145,109.21 | .30 |
| CHINA OVERSEAS LAND & IN /HKD/ | 688 | 6192150 | COMMON STOCK | 600,000.0000 | 2,003,528.31 | .15 |
| CHINA EVERBRIGHT LTD /HKD/ | 165 | 6455143 | COMMON STOCK | 889,705.0000 | 1,945,876.44 | .14 |
| VITASOY INTL HOLDINGS LT /HKD/ | 345 | 6927590 | COMMON STOCK | 1,124,000.0000 | 3,482,618.99 | .25 |
| TECHTRONIC INDUSTRIES CO /HKD/ | 669 | B0190C7 | COMMON STOCK | 408,211.0000 | 2,442,238.92 | .18 |
| AIA GROUP LTD /HKD/ | B4TX8S1 | COMMON STOCK | 757,400.0000 | 6,911,103.43 | .50 | |
| THE BYKE HOSPITALITY LTD /INR/ | 6086338 | COMMON STOCK | 466,648.0000 | 1,173,568.72 | .09 | |
| TATA CHEMICALS LTD /INR/ | TTCH | 6101167 | COMMON STOCK | 221,686.0000 | 2,432,561.78 | .18 |
| TATA COMMUNICATIONS LTD /INR/ | TCOM | 6114745 | COMMON STOCK | 135,632.0000 | 1,245,812.57 | .09 |
| TATA GLOBAL BEVERAGES LTD | 6121488 | COMMON STOCK | 718,540.0000 | 2,857,163.60 | .21 | |
| BRITANNIA INDUSTRIES LTD /INR/ | 6124777 | COMMON STOCK | 39,698.0000 | 3,489,610.65 | .25 | |
| KOTAK MAHINDRA BANK LTD- /INR/ | 6135661 | COMMON STOCK | 203,811.0000 | 3,974,892.58 | .29 | |
| SUPREME INDUSTRIES LTD-F /INR/ | 6136073 | COMMON STOCK | 142,681.0000 | 2,746,517.80 | .20 | |
| TITAN CO LTD-FOR /INR/ | 6139340 | COMMON STOCK | 133,398.0000 | 1,789,800.37 | .13 | |
| HOUSING DEVELOPMENT FINANCE /INR/ | 6171900 | COMMON STOCK | 340,593.0000 | 9,219,108.88 | .67 | |
| ZEE ENTERTAINMENT ENTERP /INR/ | Z | 6188535 | COMMON STOCK | 174,386.0000 | 1,443,853.84 | .10 |
| WIPRO LTD /INR/ | WPRO | 6206051 | COMMON STOCK | 291,910.0000 | 1,138,226.70 | .08 |
| JM FINANCIAL LTD /INR/ | 6330637 | COMMON STOCK | 932,866.0000 | 1,886,923.11 | .14 | |
| DIVI'S LABORATORIES LTD /INR/ | DIVI | 6602518 | COMMON STOCK | 125,748.0000 | 1,947,576.10 | .14 |
| MARUTI SUZUKI INDIA LTD /INR/ | MSIL | 6633712 | COMMON STOCK | 26,727.0000 | 3,381,184.50 | .25 |
| MOTHERSON SUMI SYSTEMS L /INR/ | MSS | 6743990 | COMMON STOCK | 247,683.0000 | 1,136,713.26 | .08 |
| NTPC LTD /INR/ | B037HF1 | COMMON STOCK | 1,595,553.0000 | 3,971,710.82 | .29 | |
| PVR LTD /INR/ | B0LX4M7 | COMMON STOCK | 24,485.0000 | 479,417.93 | .03 | |
| SUN TV NETWORK LTD /INR/ | SUNTV | B128WL3 | COMMON STOCK | 204,082.0000 | 2,766,036.36 | .20 |
| EXIDE INDUSTRIES LTD /INR/ | B1D3ZC9 | COMMON STOCK | 658,914.0000 | 2,539,593.00 | .18 | |
| MAX FINANCIAL SERVICES LIMITED | B1TJG95 | COMMON STOCK | 250,654.0000 | 1,813,101.75 | .13 | |
| POWER GRID CORP OF INDIA /INR | PWGR | B233HS6 | COMMON STOCK | 558,286.0000 | 1,730,624.57 | .13 |
| EDELWEISS FINANCIAL SERV /INR/ | B291KM9 | COMMON STOCK | 333,013.0000 | 1,600,813.50 | .12 | |
| COAL INDIA LTD /INR/ | B4Z9XF5 | COMMON STOCK | 456,260.0000 | 1,993,871.56 | .14 | |
| VAKRANGEE LTD /INR/ | B7T1QT3 | COMMON STOCK | 136,987.0000 | 66,002.75 | .00 | |
| AMARA RAJA BATTERIES LTD /INR/ | B8BGVX2 | COMMON STOCK | 125,471.0000 | 1,479,152.36 | .11 | |
| VMART RETAIL LTD /INR/ | B8XF8R0 | COMMON STOCK | 81,284.0000 | 2,868,636.28 | .21 | |
| CAN FIN HOMES LTD /INR/ | BF0VND1 | COMMON STOCK | 280,995.0000 | 1,575,729.96 | .11 | |
| MAS FINANCIAL SERVICES L /INR/ | BF1QNZ7 | COMMON STOCK | 205,607.0000 | 1,849,453.64 | .13 | |
| GULF OIL LUBRICANTS INDI /INR/ | BNLP7Z8 | COMMON STOCK | 284,863.0000 | 3,725,213.47 | .27 | |
| AXIS BANK LTD-FOREIGN /INR/ | BPFJHC7 | COMMON STOCK | 400,357.0000 | 3,220,842.27 | .23 | |
| BERGER PAINTS INDIA LTD /INR/ | BV8TBJ1 | COMMON STOCK | 474,427.0000 | 2,092,642.45 | .15 | |
| MANPASAND BEVERAGES LTD /INR/ | BYM6HJ1 | COMMON STOCK | 275,751.0000 | 908,232.30 | .07 | |
| SBI LIFE INSURANCE CO LT /INR/ | BZ60N32 | COMMON STOCK | 243,980.0000 | 2,489,428.71 | .18 | |
| JSW STEEL LTD /INR/ | BZBYJJ7 | COMMON STOCK | 411,674.0000 | 2,016,443.16 | .15 | |
| KIMIA FARMA PERSERO TBK /IDR/ | 6370183 | COMMON STOCK | 11,085,695.0000 | 2,022,537.03 | .15 | |
| PT BANK CENTRAL ASIA TBK /IDR/ | B01C1P6 | COMMON STOCK | 2,122,400.0000 | 3,459,745.36 | .25 | |
| TOWER BERSAMA INFRASTRUC /IDR/ | B4MW045 | COMMON STOCK | 2,899,837.0000 | 1,056,249.34 | .08 | |
| ACE HARDWARE INDONESIA /IDR/ | B7JW351 | COMMON STOCK | 29,598,200.0000 | 2,658,318.29 | .19 | |
| SARANA MENARA NUSANTARA /IDR/ | BCDBLX3 | COMMON STOCK | 6,431,600.0000 | 1,202,118.11 | .09 | |
| NIPPON INDOSARI CORPINDO /IDR/ | BGLL939 | COMMON STOCK | 19,601,511.0000 | 1,536,627.48 | .11 | |
| KERRY GROUP PLC-A /EUR/ | 4519579 | COMMON STOCK | 29,798.0000 | 3,148,584.60 | .23 | |
| RYANAIR HOLDINGS PLC-SP ADR | RYAAY | 783513203 | COMMON STOCK | 12,769.0000 | 1,480,054.79 | .11 |
| PLAYTECH PLC /GBP/ | B7S9G98 | COMMON STOCK | 25,391.0000 | 263,901.99 | .02 | |
| RAMI LEVI CHAIN STORES H /ILS/ | B3CR162 | COMMON STOCK | 39,601.0000 | 1,970,056.90 | .14 | |
| CHECK POINT SOFTWARE TECH | CHKP | 2181334 | COMMON STOCK | 14,064.0000 | 1,369,271.04 | .10 |
| GRUPPO MUTUIONLINE SPA /EUR/ | MOL | B1Y6V63 | COMMON STOCK | 178,481.0000 | 2,771,055.92 | .20 |
| BANCA MEDIOLANUM SPA /EUR/ | BYWP840 | COMMON STOCK | 376,689.0000 | 2,683,213.22 | .19 | |
| YAHOO JAPAN CORP /JPY/ | 6084848 | COMMON STOCK | 520,000.0000 | 1,886,779.98 | .14 | |
| BRIDGESTONE CORP /JPY/ | 5108 | 6132101 | COMMON STOCK | 39,000.0000 | 1,558,631.13 | .11 |
| OBIC CO LTD /JPY/ | 4684 | 6136749 | COMMON STOCK | 33,600.0000 | 2,897,626.26 | .21 |
| KOBAYASHI PHARMACEUTICAL /JPY/ | 4967 | 6149457 | COMMON STOCK | 44,600.0000 | 3,919,592.51 | .28 |
| USS CO LTD /JPY/ | 4732 | 6171494 | COMMON STOCK | 34,400.0000 | 649,349.82 | .05 |
| CHIBA BANK LTD/THE /JPY/ | 6190563 | COMMON STOCK | 111,700.0000 | 856,943.99 | .06 | |
| KOSE CORP /JPY/ | 4922 | 6194468 | COMMON STOCK | 3,900.0000 | 845,403.77 | .06 |
| CHUGAI PHARMACEUTICAL CO /JPY/ | 4519 | 6196408 | COMMON STOCK | 46,000.0000 | 2,590,513.55 | .19 |
| KDDI CORP /JPY/ | 9433 | 6248990 | COMMON STOCK | 152,500.0000 | 4,117,195.33 | .30 |
| DAIWA SECURITIES GROUP I /JPY/ | 8601 | 6251448 | COMMON STOCK | 127,000.0000 | 734,782.21 | .05 |
| MORNINGSTAR JAPAN KK /JPY/ | 6261168 | COMMON STOCK | 519,100.0000 | 1,869,255.92 | .14 | |
| DISCO CORP /JPY/ | 6146 | 6270948 | COMMON STOCK | 4,000.0000 | 750,692.49 | .05 |
| EN-JAPAN INC /JPY/ | 6352750 | COMMON STOCK | 33,812.0000 | 1,655,795.55 | .12 | |
| FUJITSU GENERAL LTD /JPY/ | 6755 | 6364283 | COMMON STOCK | 123,400.0000 | 1,916,238.82 | .14 |
| PRESTIGE INTERNATIONAL I /JPY/ | 6373632 | COMMON STOCK | 288,910.0000 | 4,192,453.98 | .30 | |
| NOMURA RESEARCH INSTITUT /JPY/ | 4307 | 6390921 | COMMON STOCK | 73,100.0000 | 3,667,132.25 | .27 |
| HACHIJUNI BANK LTD/THE /JPY/ | 6400626 | COMMON STOCK | 110,300.0000 | 488,000.05 | .04 | |
| HIROSE ELECTRIC CO LTD /JPY/ | 6806 | 6428725 | COMMON STOCK | 19,410.0000 | 2,519,699.95 | .18 |
| ITO EN LTD /JPY/ | 2593 | 6455789 | COMMON STOCK | 70,400.0000 | 2,882,983.10 | .21 |
| JAPAN TOBACCO INC /JPY/ | 2914 | 6474535 | COMMON STOCK | 133,900.0000 | 3,609,231.62 | .26 |
| KANSAI PAINT CO LTD /JPY/ | 6483746 | COMMON STOCK | 55,900.0000 | 1,195,301.65 | .09 | |
| KAO CORP /JPY/ | 4452 | 6483809 | COMMON STOCK | 82,600.0000 | 6,389,204.93 | .46 |
| KOITO MANUFACTURING CO L /JPY/ | 7276 | 6496324 | COMMON STOCK | 31,800.0000 | 2,330,306.15 | .17 |
| TOKIO MARINE HOLDINGS INC /JPY/ | 6513126 | COMMON STOCK | 38,700.0000 | 1,857,167.09 | .13 | |
| SYSTENA CORPORATION /JPY/ | 6537881 | COMMON STOCK | 268,000.0000 | 3,009,128.50 | .22 | |
| DIGITAL ARTS INC /JPY/ | 6543587 | COMMON STOCK | 48,100.0000 | 2,564,250.81 | .19 | |
| SOHGO SECURITY SERVICES /JPY/ | 2331 | 6546359 | COMMON STOCK | 20,100.0000 | 917,649.69 | .07 |
| MABUCHI MOTOR CO LTD /JPY/ | 6592 | 6551030 | COMMON STOCK | 14,100.0000 | 651,755.36 | .05 |
| SUMITOMO MITSUI FINANCIA /JPY/ | 8316 | 6563024 | COMMON STOCK | 36,300.0000 | 1,499,342.26 | .11 |
| MISUMI GROUP INC /JPY/ | 9962 | 6595179 | COMMON STOCK | 45,200.0000 | 1,301,758.32 | .09 |
| MITSUBISHI ELECTRIC CORP /JPY/ | 6503 | 6597045 | COMMON STOCK | 291,300.0000 | 4,118,973.46 | .30 |
| MURATA MANUFACTURING CO /JPY/ | 6610403 | COMMON STOCK | 15,300.0000 | 2,267,125.24 | .16 | |
| RENESAS ELECTRONICS CORP /JPY/ | 6635677 | COMMON STOCK | 139,500.0000 | 1,379,066.95 | .10 | |
| NIHON KOHDEN CORP /JPY/ | 6849 | 6639970 | COMMON STOCK | 57,200.0000 | 1,584,802.92 | .12 |
| NIPPON TELEGRAPH & TELEP /JPY/ | 9432 | 6641373 | COMMON STOCK | 102,600.0000 | 4,804,961.48 | .35 |
| NISSIN FOOD HOLDINGS CO LTD /JPY/ | 6641760 | COMMON STOCK | 10,400.0000 | 771,522.23 | .06 | |
| OMRON CORP /JPY/ | 6659428 | COMMON STOCK | 43,100.0000 | 2,253,110.83 | .16 | |
| SERIA CO LTD /JPY/ | 2782 | 6680718 | COMMON STOCK | 52,800.0000 | 2,539,885.43 | .18 |
| ROHTO PHARMACEUTICAL CO /JPY/ | 6747367 | COMMON STOCK | 55,700.0000 | 1,783,601.86 | .13 | |
| SANTEN PHARMACEUTICAL CO /JPY/ | 6776606 | COMMON STOCK | 192,400.0000 | 3,333,226.61 | .24 | |
| SECOM CO LTD /JPY/ | 9735 | 6791591 | COMMON STOCK | 39,700.0000 | 2,953,468.45 | .21 |
| STANLEY ELECTRIC CO LTD /JPY/ | 6923 | 6841106 | COMMON STOCK | 2,900.0000 | 98,482.91 | .01 |
| SUMITOMO CORP /JPY/ | 8053 | 6858946 | COMMON STOCK | 199,000.0000 | 3,330,665.04 | .24 |
| SUZUKI MOTOR CORP /JPY/ | 7269 | 6865504 | COMMON STOCK | 34,400.0000 | 1,972,070.27 | .14 |
| TAKEDA PHARMACEUTICAL CO /JPY/ | 6870445 | COMMON STOCK | 37,200.0000 | 1,516,592.46 | .11 | |
| TERUMO CORP /JPY/ | 4543 | 6885074 | COMMON STOCK | 74,700.0000 | 4,411,244.42 | .32 |
| TOYO SUISAN KAISHA LTD /JPY/ | 6899967 | COMMON STOCK | 74,000.0000 | 2,636,339.46 | .19 | |
| ASTELLAS PHARMA INC /JPY/ | 4503 | 6985383 | COMMON STOCK | 129,300.0000 | 1,973,566.52 | .14 |
| YAMATO HOLDINGS CO LTD /JPY/ | 9064 | 6985565 | COMMON STOCK | 32,700.0000 | 936,508.06 | .07 |
| YOKOGAWA ELECTRIC CORP /JPY/ | 6986427 | COMMON STOCK | 54,600.0000 | 992,793.70 | .07 | |
| SEGA SAMMY HOLDINGS INC /JPY/ | 6460 | B02RK08 | COMMON STOCK | 45,600.0000 | 802,569.53 | .06 |
| SEVEN & I HOLDINGS CO LT /JPY/ | 3382 | B0FS5D6 | COMMON STOCK | 114,400.0000 | 5,053,293.88 | .37 |
| YAKUODO CO LTD /JPY/ | B0H4MV9 | COMMON STOCK | 54,200.0000 | 1,976,657.12 | .14 | |
| INPEX CORPORATION /JPY/ | B10RB15 | COMMON STOCK | 157,000.0000 | 1,741,181.73 | .13 | |
| QOL CO LTD /JPY/ | B11V893 | COMMON STOCK | 87,400.0000 | 1,862,820.61 | .14 | |
| YUME NO MACHI SOUZOU IIN /JPY/ | B13V385 | COMMON STOCK | 117,001.0000 | 2,213,377.31 | .16 | |
| INFOMART CORP /JPY/ | 2492 | B18RC03 | COMMON STOCK | 299,565.0000 | 3,071,311.64 | .22 |
| CARENET INC /JPY/ | B1VPZK5 | COMMON STOCK | 10,183.0000 | 106,312.18 | .01 | |
| TRUST TECH INC /JPY/ | B1XC021 | COMMON STOCK | 46,000.0000 | 1,372,434.70 | .10 | |
| ARCLAND SERVICE HOLDINGS /JPY/ | B23QCF7 | COMMON STOCK | 105,700.0000 | 2,354,718.96 | .17 | |
| SMS CO LTD /JPY/ | 2175 | B2PLYM1 | COMMON STOCK | 93,369.0000 | 3,491,791.19 | .25 |
| JAPAN MATERIAL CO LTD /JPY/ | B4KGDQ2 | COMMON STOCK | 230,600.0000 | 3,715,897.09 | .27 | |
| JAPAN PROPERTY MANAGEMEN /JPY/ | B4Q77X4 | COMMON STOCK | 98,789.0000 | 1,331,874.13 | .10 | |
| VECTOR INC /JPY/ | B7MTYY5 | COMMON STOCK | 120,700.0000 | 2,437,271.84 | .18 | |
| NORTH PACIFIC BANK LTD /JPY/ | B7VKZP7 | COMMON STOCK | 165,400.0000 | 544,973.50 | .04 | |
| STRIKE CO LTD /JPY/ | BD6C2P9 | COMMON STOCK | 5,499.0000 | 203,873.80 | .01 | |
| RAKUS CO LTD /JPY/ | BD87BM2 | COMMON STOCK | 229,498.0000 | 3,784,623.09 | .27 | |
| JAPAN ELEVATOR SERVICE H /JPY/ | BF0QWT5 | COMMON STOCK | 71,500.0000 | 1,459,163.25 | .11 | |
| M&A CAPITAL PARTNERS CO /JPY/ | BFTRL69 | COMMON STOCK | 56,533.0000 | 5,464,563.20 | .40 | |
| MEBUKI FINANCIAL GROUP I /JPY/ | BH0VTS2 | COMMON STOCK | 185,700.0000 | 673,558.83 | .05 | |
| IR JAPAN HOLDINGS LTD /JPY/ | BV8TBH9 | COMMON STOCK | 46,400.0000 | 1,194,239.60 | .09 | |
| OPEN DOOR INC /JPY/ | BYM5YY2 | COMMON STOCK | 212,600.0000 | 4,152,300.52 | .30 | |
| ITOKURO INC /JPY/ | BYMK2Q5 | COMMON STOCK | 36,100.0000 | 2,000,556.46 | .15 | |
| EVOLABLE ASIA CORP /JPY/ | BYQ3G35 | COMMON STOCK | 74,945.0000 | 1,444,868.44 | .10 | |
| KUSURI NO AOKI HOLDINGS /JPY/ | BYX8TV2 | COMMON STOCK | 38,600.0000 | 2,832,659.74 | .21 | |
| EXPERIAN PLC /GBP/ | B19NLV4 | COMMON STOCK | 84,760.0000 | 2,075,249.12 | .15 | |
| SHIRE PLC /GBP/ | B2QKY05 | COMMON STOCK | 72,166.0000 | 3,945,937.29 | .29 | |
| SANNE GROUP PLC /GBP/ | BVRZ8S8 | COMMON STOCK | 280,413.0000 | 2,378,201.74 | .17 | |
| CORESTATE CAPITAL HOLDIN /EUR/ | BZ168H4 | COMMON STOCK | 21,574.0000 | 1,213,430.16 | .09 | |
| DUTCH LADY MILK INDS BHD /MYR/ | 6289160 | COMMON STOCK | 128,000.0000 | 2,174,401.19 | .16 | |
| CARLSBERG BREWERY MALAYS /MYR/ | B09FGC9 | COMMON STOCK | 343,000.0000 | 1,706,222.99 | .12 | |
| MY EG SERVICES BHD /MYR/ | B1KL2D6 | COMMON STOCK | 4,187,967.0000 | 932,606.59 | .07 | |
| ASTRO MALAYSIA HOLDINGS /MYR/ | B7W5GK3 | COMMON STOCK | 1,507,600.0000 | 528,999.41 | .04 | |
| 7-ELEVEN MALAYSIA HOLDIN /MYR/ | BMN9S81 | COMMON STOCK | 11,070,531.0000 | 4,226,595.22 | .31 | |
| GRUMA S.A.B.-B /MXN/ | 2392545 | COMMON STOCK | 117,056.0000 | 1,231,973.74 | .09 | |
| INFRAESTRUCTURA ENERGETI /MXN/ | B84XBP2 | COMMON STOCK | 618,128.0000 | 2,581,088.23 | .19 | |
| GRUPO LALA SAB DE CV /MXN/ | BFNXZM7 | COMMON STOCK | 632,878.0000 | 693,286.63 | .05 | |
| WALMART DE MEXICO SAB DE /MXN/ | BW1YVH8 | COMMON STOCK | 1,054,496.0000 | 2,656,735.42 | .19 | |
| UNIFIN FINANCIERA SAB DE /MXN/ | BXVM276 | COMMON STOCK | 923,180.0000 | 2,627,337.77 | .19 | |
| QUALITAS CONTROLADORA SA /MXN/ | BYMXF65 | COMMON STOCK | 1,431,500.0000 | 3,688,426.29 | .27 | |
| AMERICA MOVIL SAB DE CV SERIES L | AMX | 02364W105 | COMMON STOCK | 137,298.0000 | 2,129,491.98 | .15 |
| BANCO SANTANDER MEXICO -ADR | BSMX | 05969B103 | COMMON STOCK | 233,526.0000 | 1,510,913.22 | .11 |
| FOMENTO ECONOMICO MEX-SP ADR | FMX | 344419106 | COMMON STOCK | 33,999.0000 | 2,832,796.68 | .21 |
| AIRBUS SE /EUR/ | 4012250 | COMMON STOCK | 20,291.0000 | 2,328,255.45 | .17 | |
| RELX NV /EUR/ | 4148810 | COMMON STOCK | 91,604.0000 | 2,004,205.62 | .15 | |
| KONINKLIJKE PHILIPS NV /EUR/ | PHIA | 5986622 | COMMON STOCK | 28,315.0000 | 1,156,101.49 | .08 |
| HEINEKEN NV /EUR/ | HEIA | 7792559 | COMMON STOCK | 45,188.0000 | 4,530,350.21 | .33 |
| ASML HOLDING NV /EUR/ | B929F46 | COMMON STOCK | 15,235.0000 | 2,972,365.39 | .22 | |
| ALTICE NV RTS 06/04/18 /EUR/ | BD85NM0 | RIGHTS | 65,321.0000 | 476,376.22 | .03 | |
| ALTICE NV - A /EUR/ | BYT3416 | COMMON STOCK | 65,321.0000 | 230,720.60 | .02 | |
| ING GROEP NV /EUR/ | BZ57390 | COMMON STOCK | 75,655.0000 | 1,099,435.97 | .08 | |
| CORE LABORATORIES N.V. | CLB | 2182531 | COMMON STOCK | 11,971.0000 | 1,486,558.78 | .11 |
| NXP SEMICONDUCTORS NV | NXPI | B505PN7 | COMMON STOCK | 25,307.0000 | 2,884,998.00 | .21 |
| YANDEX NV-A | YNDX | B5BSZB3 | COMMON STOCK | 99,080.0000 | 3,321,161.60 | .24 |
| AMREST HOLDINGS SE /PLN/ | B07XWG1 | COMMON STOCK | 28,814.0000 | 3,514,391.96 | .26 | |
| RESTAURANT BRANDS NZ LTD /NZD/ | RBD | 6002981 | COMMON STOCK | 442,293.0000 | 2,406,286.17 | .17 |
| FREIGHTWAYS LTD /NZD/ | FRE | 6687980 | COMMON STOCK | 254,334.0000 | 1,404,556.30 | .10 |
| DNB ASA /NOK/ | 4263304 | COMMON STOCK | 58,696.0000 | 1,048,964.84 | .08 | |
| SPECTRUM ASA /NOK/ | B3BCN40 | COMMON STOCK | 51,921.0000 | 361,602.05 | .03 | |
| PAK SUZUKI MOTOR CO LTD /PKR/ | 6668242 | COMMON STOCK | 389,300.0000 | 1,547,425.72 | .11 | |
| HASCOL PETROLEUM LTD /PKR/ | BMM1PK9 | COMMON STOCK | 1,031,430.0000 | 2,719,775.02 | .20 | |
| COPA HOLDINGS SA-CLASS A | CPA | P31076105 | COMMON STOCK | 11,172.0000 | 1,237,857.60 | .09 |
| PHILIPPINE SEVEN CORP /PHP/ | 6040378 | COMMON STOCK | 2,501,145.0000 | 6,099,664.59 | .44 | |
| AYALA LAND INC /PHP/ | ALI | 6055112 | COMMON STOCK | 2,961,735.0000 | 2,239,008.05 | .16 |
| SM INVESTMENTS CORP /PHP/ | SM | B068DB9 | COMMON STOCK | 27,740.0000 | 456,719.21 | .03 |
| METRO PACIFIC INVESTMENT /PHP/ | MPI | B1L8838 | COMMON STOCK | 6,732,565.0000 | 594,829.60 | .04 |
| PEPSI-COLA PRODUCTS PHIL /PHP/ | PIP | B2NRDM4 | COMMON STOCK | 168.0000 | 7.47 | .00 |
| BDO UNIBANK INC /PHP/ | B5VJH76 | COMMON STOCK | 874,348.0000 | 2,167,274.03 | .16 | |
| CONCEPCION INDUSTRIAL CO /PHP/ | BGLCDS5 | COMMON STOCK | 1,419,306.0000 | 1,480,229.14 | .11 | |
| SBERBANK PJSC -SPONSORED ADR | SBRCY | 80585Y308 | COMMON STOCK | 382,941.0000 | 5,495,203.35 | .40 |
| SBERBANK PJSC -SPONSORED ADR | B5SC091 | COMMON STOCK | 12,168.0000 | 174,463.34 | .01 | |
| RIVERSTONE HOLDINGS LTD /SGD/ | B1G16Z0 | COMMON STOCK | 2,072,500.0000 | 1,499,770.84 | .11 | |
| SHENG SIONG GROUP LTD /SGD/ | B657MH8 | COMMON STOCK | 1,837,100.0000 | 1,383,907.51 | .10 | |
| BIDVEST GROUP LTD /ZAR/ | 6100089 | COMMON STOCK | 215,834.0000 | 3,422,302.29 | .25 | |
| ITALTILE LTD /ZAR/ | 6468602 | COMMON STOCK | 2,233,915.0000 | 2,400,458.64 | .17 | |
| FIRSTRAND LTD /ZAR/ | FSR | 6606996 | COMMON STOCK | 822,776.0000 | 3,875,403.74 | .28 |
| SASOL LTD /ZAR/ | 6777450 | COMMON STOCK | 54,283.0000 | 1,967,222.81 | .14 | |
| PEREGRINE HOLDINGS LTD /ZAR/ | B1FHZ74 | COMMON STOCK | 865,709.0000 | 1,404,672.03 | .10 | |
| STEINHOFF AFRICA RETAIL /ZAR/ | BYX8K97 | COMMON STOCK | 467,000.0000 | 640,267.83 | .05 | |
| BID CORP LTD /ZAR/ | BZBFKT7 | COMMON STOCK | 153,672.0000 | 3,075,570.99 | .22 | |
| SASOL LTD-SPONSORED ADR | SSL | 803866300 | COMMON STOCK | 29,325.0000 | 1,066,843.50 | .08 |
| DIO CORP /KRW/ | 6259806 | COMMON STOCK | 66,631.0000 | 2,331,551.16 | .17 | |
| LG HOUSEHOLD & HEALTH CA /KRW/ | 051900 | 6344456 | COMMON STOCK | 1,745.0000 | 2,167,011.13 | .16 |
| KIA MOTORS CORP /KRW/ | 000270 | 6490928 | COMMON STOCK | 108,900.0000 | 3,135,108.19 | .23 |
| NAVER CORP /KRW/ | 035420 | 6560393 | COMMON STOCK | 6,055.0000 | 3,740,911.64 | .27 |
| TOKAI CARBON KOREA CO LT /KRW/ | 6672384 | COMMON STOCK | 10,560.0000 | 673,810.73 | .05 | |
| SAMSUNG ELECTRONICS CO L /KRW/ | 005930 | 6771720 | COMMON STOCK | 264,877.0000 | 12,406,905.91 | .90 |
| SAMSUNG LIFE INSURANCE C /KRW/ | B12C0T9 | COMMON STOCK | 17,875.0000 | 1,702,603.04 | .12 | |
| AMOREPACIFIC CORP /KRW/ | 090430 | B15SK50 | COMMON STOCK | 10,998.0000 | 3,375,874.08 | .25 |
| TES CO LTD /KRW/ | B2RM9B6 | COMMON STOCK | 43,852.0000 | 1,221,449.13 | .09 | |
| KB FINANCIAL GROUP INC /KRW/ | B3DF0Y6 | COMMON STOCK | 92,926.0000 | 4,460,268.01 | .32 | |
| VIEWORKS CO LTD /KRW/ | B3F2324 | COMMON STOCK | 35,781.0000 | 1,048,341.67 | .08 | |
| BUSINESSON COMMUNICATION /KRW/ | BF2V191 | COMMON STOCK | 95,092.0000 | 1,485,316.97 | .11 | |
| MINWISE CO LTD /KRW/ | BYNJ4W1 | COMMON STOCK | 89,041.0000 | 1,846,779.18 | .13 | |
| KOMICO LTD /KRW/ | BYXYVM5 | COMMON STOCK | 26,052.0000 | 786,957.65 | .06 | |
| CAIXABANK SA /EUR/ | B283W97 | COMMON STOCK | 498,900.0000 | 2,120,879.96 | .15 | |
| AMADEUS IT GROUP SA /EUR/ | B3MSM28 | COMMON STOCK | 141,052.0000 | 11,178,166.84 | .81 | |
| GRIFOLS SA-ADR | GRFS | 398438408 | COMMON STOCK | 183,965.0000 | 4,015,955.95 | .29 |
| FORTNOX AB /SEK/ | B1XDPT6 | COMMON STOCK | 376,802.0000 | 2,807,603.88 | .20 | |
| HEXAGON AB-B SHS /SEK/ | B1XFTL2 | COMMON STOCK | 49,960.0000 | 2,816,658.19 | .20 | |
| EWORK GROUP AB /SEK/ | B2R89B4 | COMMON STOCK | 103,597.0000 | 1,050,856.51 | .08 | |
| ESSITY AKTIEBOLAG-B /SEK/ | BF1K7P7 | COMMON STOCK | 193,114.0000 | 4,896,931.64 | .36 | |
| SVENSKA HANDELSBANKEN-A /SEK/ | BXDZ9Q1 | COMMON STOCK | 223,465.0000 | 2,449,772.34 | .18 | |
| HMS NETWORKS AB /SEK/ | BZ30ML6 | COMMON STOCK | 150,869.0000 | 2,618,572.74 | .19 | |
| SIKA AG-BR /CHF/ | 4808084 | COMMON STOCK | 115.0000 | 915,629.04 | .07 | |
| SGS SA-REG /CHF/ | 4824778 | COMMON STOCK | 1,488.0000 | 3,856,320.27 | .28 | |
| CHOCOLADEFABRIKEN LINDT- /CHF/ | 5962280 | COMMON STOCK | 33.0000 | 211,366.01 | .02 | |
| GIVAUDAN-REG /CHF/ | GIVN | 5980613 | COMMON STOCK | 3,415.0000 | 7,592,701.57 | .55 |
| DORMA KABA HOLDING AG RE /CHF/ | 7050417 | COMMON STOCK | 1,368.0000 | 1,070,853.12 | .08 | |
| ROCHE HOLDING AG-GENUSSC /CHF/ | ROG | 7110388 | COMMON STOCK | 28,152.0000 | 6,038,419.38 | .44 |
| NESTLE SA-REG /CHF/ | 7123870 | COMMON STOCK | 208,578.0000 | 15,721,394.41 | 1.14 | |
| SCHINDLER HOLDING-PART C /CHF/ | B11TCY0 | COMMON STOCK | 5,029.0000 | 1,064,690.46 | .08 | |
| GEBERIT AG-REG /CHF/ | GEBN | B1WGG93 | COMMON STOCK | 1,802.0000 | 776,998.46 | .06 |
| JULIUS BAER GROUP LTD /CHF/ | B4R2R50 | COMMON STOCK | 62,363.0000 | 3,629,024.49 | .26 | |
| CIE FINANCIERE RICHEMONT /CHF/ | BCRWZ18 | COMMON STOCK | 23,286.0000 | 2,138,498.70 | .16 | |
| UBS GROUP AG-REG /CHF/ | BRJL176 | COMMON STOCK | 511,888.0000 | 7,692,418.92 | .56 | |
| HOTA INDUSTRIAL MFG CO L /TWD/ | 6246251 | COMMON STOCK | 501,000.0000 | 2,410,935.23 | .18 | |
| DELTA ELECTRONICS INC /TWD/ | 6260734 | COMMON STOCK | 342,000.0000 | 1,261,260.13 | .09 | |
| TAIWAN MOBILE CO LTD /TWD/ | 6290496 | COMMON STOCK | 809,000.0000 | 2,963,509.57 | .22 | |
| ECLAT TEXTILE COMPANY LT /TWD/ | 6345783 | COMMON STOCK | 133,890.0000 | 1,629,399.88 | .12 | |
| FAR EASTONE TELECOMM CO /TWD/ | 6421854 | COMMON STOCK | 1,064,000.0000 | 2,709,659.67 | .20 | |
| LARGAN PRECISION CO LTD /TWD/ | 6451668 | COMMON STOCK | 19,000.0000 | 2,577,994.81 | .19 | |
| POYA INTERNATIONAL CO LT /TWD/ | 6541826 | COMMON STOCK | 91,820.0000 | 972,638.09 | .07 | |
| MAKALOT INDUSTRIAL CO LT /TWD/ | 6580432 | COMMON STOCK | 274,285.0000 | 1,236,035.14 | .09 | |
| HU LANE ASSOCIATE INC /TWD/ | 6279 | 6708698 | COMMON STOCK | 264,754.0000 | 1,270,531.63 | .09 |
| TAIWAN SEMICONDUCTOR MAN /TWD/ | 6889106 | COMMON STOCK | 675,000.0000 | 5,031,622.83 | .37 | |
| TCI CO LTD /TWD/ | B6X51B1 | COMMON STOCK | 283,803.0000 | 3,696,823.78 | .27 | |
| VOLTRONIC POWER TECHNOLO /TWD/ | B96HCH8 | COMMON STOCK | 177,000.0000 | 2,790,853.07 | .20 | |
| ONYX HEALTHCARE INC /TWD/ | BYZTG56 | COMMON STOCK | 170,400.0000 | 857,161.24 | .06 | |
| TAIWAN SEMICONDUCTOR-SP ADR | TSM | 874039100 | COMMON STOCK | 271,915.0000 | 10,523,110.50 | .76 |
| BANGKOK BANK PCL-FOREIGN /THB/ | BBL/F | 6077019 | COMMON STOCK | 116,198.0000 | 698,571.49 | .05 |
| BANGKOK BANK PUBLIC CO-N /THB/ | BBLR | 6368360 | COMMON STOCK | 155,236.0000 | 913,635.54 | .07 |
| CP ALL PCL FOREIGN /THB/ | B08YDF9 | COMMON STOCK | 830,100.0000 | 2,091,111.37 | .15 | |
| HUMANICA PCL-FOREIGN /THB/ | BFDB6V7 | COMMON STOCK | 4,830,850.0000 | 1,808,460.46 | .13 | |
| PLAN B MEDIA PCL-F /THB/ | BVG6W02 | COMMON STOCK | 7,358,600.0000 | 1,457,716.74 | .11 | |
| LOGO YAZILIM SANAYI VE T /TRY/ | B03MVW1 | COMMON STOCK | 92,721.0000 | 983,133.92 | .07 | |
| MAVI GIYIM SANAYI VE TIC /TRY/ | BF5M481 | COMMON STOCK | 105,288.0000 | 1,132,937.86 | .08 | |
| FIRST ABU DHABI BANK PJS /AED/ | 6624471 | COMMON STOCK | 675,472.0000 | 2,260,425.03 | .16 | |
| DP WORLD LTD | B291WY5 | COMMON STOCK | 58,991.0000 | 1,325,585.29 | .10 | |
| AVON RUBBER PLC /GBP/ | 0066701 | COMMON STOCK | 91,070.0000 | 1,694,661.02 | .12 | |
| TULLOW OIL PLC /GBP/ | 0150080 | COMMON STOCK | 921,344.0000 | 3,078,948.72 | .22 | |
| ACCESSO TECHNOLOGY GROUP /GBP/ | 0177142 | COMMON STOCK | 40,150.0000 | 1,392,906.68 | .10 | |
| DIAGEO PLC /GBP/ | DGE | 0237400 | COMMON STOCK | 163,628.0000 | 6,009,602.87 | .44 |
| BRITISH AMERICAN TOBACCO /GBP/ | 0287580 | COMMON STOCK | 180,877.0000 | 9,303,692.41 | .68 | |
| SPECTRIS PLC /GBP/ | 0330860 | COMMON STOCK | 48,755.0000 | 1,809,142.09 | .13 | |
| HALMA PLC /GBP/ | HLMA | 0405207 | COMMON STOCK | 161,742.0000 | 2,903,076.73 | .21 |
| ADVANCED MEDICAL SOLUTIO /GBP/ | AMS | 0453659 | COMMON STOCK | 532,898.0000 | 2,308,747.68 | .17 |
| JARDINE LLOYD THOMPSON G /GBP/ | JLT | 0520337 | COMMON STOCK | 68,572.0000 | 1,115,711.67 | .08 |
| GB GROUP PLC /GBP/ | 0687061 | COMMON STOCK | 416,458.0000 | 2,978,416.70 | .22 | |
| PRUDENTIAL PLC /GBP/ | 0709954 | COMMON STOCK | 131,463.0000 | 3,157,160.15 | .23 | |
| SMITH & NEPHEW PLC /GBP/ | 0922320 | COMMON STOCK | 119,618.0000 | 2,176,309.56 | .16 | |
| INTERTEK GROUP PLC /GBP/ | 3163836 | COMMON STOCK | 39,190.0000 | 2,847,945.14 | .21 | |
| BURBERRY GROUP PLC /GBP/ | 3174300 | COMMON STOCK | 73,084.0000 | 2,010,145.07 | .15 | |
| IG GROUP HOLDINGS PLC /GBP/ | IGG | B06QFB7 | COMMON STOCK | 84,665.0000 | 972,987.94 | .07 |
| BUNZL PLC /GBP/ | BNZL | B0744B3 | COMMON STOCK | 48,943.0000 | 1,489,939.06 | .11 |
| RENTOKIL INITIAL PLC /GBP/ | RTO | B082RF1 | COMMON STOCK | 131,597.0000 | 599,438.08 | .04 |
| LONDON STOCK EXCHANGE GR /GBP/ | B0SWJX3 | COMMON STOCK | 44,550.0000 | 2,651,711.67 | .19 | |
| RECKITT BENCKISER GROUP /GBP/ | RB/ | B24CGK7 | COMMON STOCK | 99,668.0000 | 7,633,227.58 | .55 |
| SMART METERING SYSTEMS P /GBP/ | B4X1RC8 | COMMON STOCK | 364,047.0000 | 4,016,610.55 | .29 | |
| CONVATEC GROUP PLC /GBP/ | BD3VFW7 | COMMON STOCK | 849,639.0000 | 2,612,002.23 | .19 | |
| COMPASS GROUP PLC /GBP/ | BD6K457 | COMMON STOCK | 252,536.0000 | 5,430,062.31 | .39 | |
| IMI PLC /GBP/ | BGLP8L2 | COMMON STOCK | 152,727.0000 | 2,355,688.34 | .17 | |
| VODAFONE GROUP PLC /GBP/ | BH4HKS3 | COMMON STOCK | 1,282,122.0000 | 3,279,884.71 | .24 | |
| HORIZON DISCOVERY GROUP /GBP/ | BK8FL36 | COMMON STOCK | 584,672.0000 | 1,297,829.95 | .09 | |
| PATISSERIE HOLDINGS PLC /GBP/ | BM4NV50 | COMMON STOCK | 308,606.0000 | 1,862,486.39 | .14 | |
| CLIPPER LOGISTICS PLC /GBP/ | BMMV6B7 | COMMON STOCK | 655,381.0000 | 3,763,468.83 | .27 | |
| GEAR4MUSIC HOLDINGS PLC /GBP/ | BW9PJQ8 | COMMON STOCK | 55,924.0000 | 536,793.65 | .04 | |
| SPIRAX-SARCO ENGINEERING /GBP/ | BWFGQN1 | COMMON STOCK | 33,623.0000 | 2,762,562.38 | .20 | |
| CRODA INTERNATIONAL PLC /GBP/ | BYZWX76 | COMMON STOCK | 9,992.0000 | 619,322.80 | .04 | |
| ASTRAZENECA PLC-SPONS ADR | AZN | 046353108 | COMMON STOCK | 32,300.0000 | 1,196,069.00 | .09 |
| LIVANOVA PLC | LIVN | BYMT0J1 | COMMON STOCK | 19,734.0000 | 1,855,982.70 | .13 |
| LIBERTY GLOBAL PLC- C | LBTYK | G5480U120 | COMMON STOCK | 40,615.0000 | 1,124,223.20 | .08 |
| ANALOG DEVICES INC | ADI | 032654105 | COMMON STOCK | 41,490.0000 | 4,031,998.20 | .29 |
| ANSYS INC | ANSS | 03662Q105 | COMMON STOCK | 21,167.0000 | 3,445,987.60 | .25 |
| BOOKING HOLDINGS INC | BKNG | 09857L108 | COMMON STOCK | 2,676.0000 | 5,643,469.92 | .41 |
| CADENCE DESIGN SYS INC | CDNS | 127387108 | COMMON STOCK | 137,463.0000 | 5,835,304.35 | .42 |
| COLGATE-PALMOLIVE CO | CL | 194162103 | COMMON STOCK | 82,670.0000 | 5,215,650.30 | .38 |
| DENTSPLY SIRONA INC | XRAY | 24906P109 | COMMON STOCK | 26,966.0000 | 1,181,380.46 | .09 |
| ISHARES CORE MSCI EAFE ETF | IEFA | 46432F842 | POOLED INVESTMENTS | 2,741,492.0000 | 179,924,119.96 | 13.07 |
| ISHARES CORE MSCI EMERGING | IEMG | 46434G103 | POOLED INVESTMENTS | 1,554,785.0000 | 86,337,211.05 | 6.27 |
| MASTERCARD INC - A | MA | 57636Q104 | COMMON STOCK | 19,700.0000 | 3,745,364.00 | .27 |
| NORDSON CORP | NDSN | 655663102 | COMMON STOCK | 17,931.0000 | 2,252,671.53 | .16 |
| NVIDIA CORP | NVDA | 67066G104 | COMMON STOCK | 2,649.0000 | 668,051.31 | .05 |
| PHILIP MORRIS INTERNATIONAL | PM | 718172109 | COMMON STOCK | 21,926.0000 | 1,743,994.04 | .13 |
| TEXAS INSTRUMENTS INC | TXN | 882508104 | COMMON STOCK | 32,089.0000 | 3,591,079.99 | .26 |
| FHLB D/N 06/01/18 | 313385XN1 | SHORT TERMS | 12,584,000.0000 | 12,584,000.00 | .91 | |
| GBP/USD FWD 20180615 000006038 USD | GBP | 1295235416 | FORWARD | -1,168,000.0000 | -1,553,292.70 | -.11 |
| USD/JPY FWD 20180822 000010098 USD | USD | 1295198303 | FORWARD | 1,953,244.8400 | 1,953,244.84 | .14 |
| USD/JPY FWD 20180823 000010428 USD | USD | 1295198964 | FORWARD | 9,029,511.3600 | 9,029,511.36 | .66 |
| USD/GBP FWD 20180615 000006038 USD | USD | 1295235416 | FORWARD | 1,582,056.0000 | 1,582,056.00 | .11 |
| USD/JPY FWD 20180615 000011553 USD | USD | 1295236019 | FORWARD | 2,450,359.0100 | 2,450,359.01 | .18 |
| JPY/USD FWD 20180822 000010098 USD | JPY | 1295198303 | FORWARD | -205,000,000.0000 | -1,895,104.75 | -.14 |
| JPY/USD FWD 20180823 000010428 USD | JPY | 1295198964 | FORWARD | -955,995,000.0000 | -8,838,188.20 | -.64 |
| JPY/USD FWD 20180615 000011553 USD | JPY | 1295236019 | FORWARD | -268,442,000.0000 | -2,469,599.67 | -.18 |
As of 05/31/2018.
Distributions
| Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price |
|---|---|---|---|---|---|---|
| Destinations International Equity Fund | 10964R301 | Dividend | 0.073686 | 12/15/2017 | 12/15/2017 | $11.40 |
| Destinations International Equity Fund | 10964R301 | Short-Term Capital Gains | 0.004739 | 12/15/2017 | 12/15/2017 | $11.40 |
Fees and expenses
| Type | Amount |
|---|---|
| Management Fees | 1.00% |
| Distribution and Service (12b-1) Fees | None |
| Other Expenses | 0.24% |
| Acquired Fund Fees and Expenses (AFFE) | 0.03% |
| Total Annual Fund Operating Expenses | 1.27% |
| Fee Waivers and Expense Reimbursements | -0.22% |
| Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 1.05%* |
*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.
1-877-771-7979
Monday – Friday 8:30 am – 5:00 pm EST
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Brinker Capital, Inc.
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com
marketingmembers@brinkercapital.com
Mutual fund investing involves risk. The value of your investment in a Fund could go down. Multi-investment management styles may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them, as well as market fluctuations and industry/economic trends etc.
Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing.
Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of their representatives may give legal or tax advice.
The Destinations Funds are distributed by Foreside Fund Services, LLC.
Copyright © 2017 Brinker Capital Destinations Trust. All rights reserved.
