| Stock | 97.60% |
| Cash | 0.11% |
| Other* | 2.29% |
*May include dividends booked but not yet received.
Holdings Detail as of 5/20/2013 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| GAZP | GAZPROM OAO | 17.58 | $42,333,830 | RU0007661625 | MISX | Energy | 31.26 |
| SBER | SBERBANK | 14.14 | $34,063,962 | RU0009029540 | MISX | Financials | 31.26 |
| LKOH | LUKOIL OAO | 12.85 | $30,951,055 | RU0009024277 | MISX | Energy | 31.26 |
| MGNT | MAGNIT OJSC-SPON GDR REGS | 6.12 | $14,729,641 | US55953Q2021 | XLON-IOE | Consumer Staples | 1.00 |
| URKA | URALKALI | 4.50 | $10,828,430 | RU0007661302 | MISX | Materials | 31.26 |
| TATN | TATNEFT-CLS | 4.32 | $10,397,105 | RU0009033591 | MISX | Energy | 31.26 |
| NVTK | NOVATEK OAO-SPONS GDR REG S | 4.22 | $10,176,405 | US6698881090 | XLON-IOE | Energy | 1.00 |
| MBT | MOBILE TELESYSTEMS-SP ADR | 4.16 | $10,017,476 | US6074091090 | XNYS | Telecom Services | 1.00 |
| ROSN | ROSNEFT OAO | 4.00 | $9,643,167 | RU000A0J2Q06 | MISX | Energy | 31.26 |
| GMKN | MMC NORILSK NICKEL OJSC | 3.67 | $8,849,847 | RU0007288411 | MISX | Materials | 31.26 |
| VTBR | VTB BANK OJSC | 2.81 | $6,764,230 | RU000A0JP5V6 | MISX | Financials | 31.26 |
| RTKM | ROSTELECOM | 2.53 | $6,098,715 | RU0008943394 | MISX | Telecom Services | 31.26 |
| SNGS | SURGUTNEFTEGAS | 2.40 | $5,770,900 | RU0008926258 | MISX | Energy | 31.26 |
| TRNFP | AK TRANSNEFT OAO-PREF | 2.10 | $5,068,109 | RU0009091573 | MISX | Energy | 31.26 |
| SNGSP | SURGUTNEFTEGAS-PFD | 1.70 | $4,085,909 | RU0009029524 | MISX | Energy | 31.26 |
| MFON | MEGAFON-GDR | 1.49 | $3,594,179 | US58517T2096 | XLON-IOE | Telecom Services | 1.00 |
| HYDR | FEDERAL HYDROGENERATING CO | 1.42 | $3,409,200 | RU000A0JPKH7 | MISX | Utilities | 31.26 |
| CHMF | SEVERSTAL | 1.07 | $2,578,992 | RU0009046510 | MISX | Materials | 31.26 |
| LSRG | LSR GROUP OJSC-GDR REGS | 0.96 | $2,306,827 | US50218G2066 | XLON-IOE | Financials | 1.00 |
| FEES | FEDERAL GRID CO UNIFIED | 0.92 | $2,207,375 | RU000A0JPNN9 | MISX | Utilities | 31.26 |
| NLMK | NOVOLIPET STEEL-GDR REG S | 0.88 | $2,117,875 | US67011E2046 | XLON-IOE | Materials | 1.00 |
| TMKS | TMK-GDR REG S | 0.82 | $1,976,558 | US87260R2013 | XLON-IOE | Energy | 1.00 |
| MRKH | RUSSIAN GRIDS OAO | 0.75 | $1,807,408 | RU000A0JPVJ0 | MISX | Utilities | 31.26 |
| IRAO | INTER RAO UES | 0.72 | $1,735,058 | RU000A0JPNM1 | MISX | Utilities | 31.26 |
| MTL | MECHEL-SPONSORED ADR | 0.60 | $1,446,779 | US5838401033 | XNYS | Materials | 1.00 |
| SSA | SISTEMA JSFC-REG S SPONS GDR | 0.51 | $1,239,890 | US48122U2042 | XLON | Telecom Services | 1.00 |
| SBERP | SBERBANK-PREFERENCE | 0.37 | $895,886 | RU0009029557 | MISX | Financials | 31.26 |
| -- | BLACKROCK FDS III | 0.11 | $261,946 | -- | S-T Securities | 1.00 |
