| Stock | 99.28% |
| Cash | 0.00% |
| Other* | 0.72% |
Holdings Detail as of 5/23/2013 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| ABI | ANHEUSER-BUSCH INBEV NV | 22.66 | $13,713,938 | BE0003793107 | XBRU | Consumer Staples | 0.78 |
| KBC | KBC GROEP NV | 6.46 | $3,911,166 | BE0003565737 | XBRU | Financials | 0.78 |
| SOLB | SOLVAY SA | 5.98 | $3,621,161 | BE0003470755 | XBRU | Materials | 0.78 |
| AGS | AGEAS | 5.89 | $3,563,981 | BE0974264930 | XBRU | Financials | 0.78 |
| DELB | DELHAIZE GROUP | 5.03 | $3,041,672 | BE0003562700 | XBRU | Consumer Staples | 0.78 |
| GBLB | GROUPE BRUXELLES LAMBERT SA | 4.61 | $2,787,762 | BE0003797140 | XBRU | Financials | 0.78 |
| UCB | UCB SA | 4.39 | $2,655,095 | BE0003739530 | XBRU | Health Care | 0.78 |
| UMI | UMICORE | 4.01 | $2,425,159 | BE0003884047 | XBRU | Materials | 0.78 |
| COLR | COLRUYT SA | 3.10 | $1,875,812 | BE0974256852 | XBRU | Consumer Staples | 0.78 |
| BELG | BELGACOM SA | 2.66 | $1,607,444 | BE0003810273 | XBRU | Telecom Services | 0.78 |
| TNET | TELENET GROUP HOLDING NV | 2.05 | $1,239,081 | BE0003826436 | XBRU | Consumer Discretionary | 0.78 |
| ACKB | ACKERMANS & VAN HAAREN | 1.92 | $1,160,876 | BE0003764785 | XBRU | Financials | 0.78 |
| COFB | COFINIMMO | 1.66 | $1,005,099 | BE0003593044 | XBRU | Financials | 0.78 |
| KBCA | KBC ANCORA | 1.64 | $993,979 | BE0003867844 | XBRU | Financials | 0.78 |
| THR | THROMBOGENICS NV | 1.58 | $957,875 | BE0003846632 | XBRU | Health Care | 0.78 |
| BEKB | BEKAERT NV | 1.31 | $794,393 | BE0974258874 | XBRU | Materials | 0.78 |
| ELI | ELIA SYSTEM OPERATOR SA/NV | 1.26 | $760,344 | BE0003822393 | XBRU | Utilities | 0.78 |
| BAR | BARCO N.V. | 1.23 | $743,554 | BE0003790079 | XBRU | Information Technology | 0.78 |
| EVS | EVS BROADCAST EQUIPMENT S.A. | 1.21 | $734,885 | BE0003820371 | XBRU | Information Technology | 0.78 |
| BEFB | BEFIMMO S.C.A. | 1.16 | $704,518 | BE0003678894 | XBRU | Financials | 0.78 |
| ABLX | ABLYNX NV | 1.16 | $702,140 | BE0003877942 | XBRU | Health Care | 0.78 |
| DIE | D'IETEREN SA/NV | 1.15 | $693,024 | BE0974259880 | XBRU | Consumer Discretionary | 0.78 |
| GIMB | GIMV NV | 1.14 | $692,131 | BE0003699130 | XBRU | Financials | 0.78 |
| GLPG | GALAPAGOS NV | 1.06 | $642,818 | BE0003818359 | XBRU | Health Care | 0.78 |
| RCUS | ARSEUS NV | 1.03 | $621,463 | BE0003874915 | XBRU | Health Care | 0.78 |
| WDP | WAREHOUSES DE PAUW SCA | 0.99 | $601,871 | BE0003763779 | XBRU | Financials | 0.78 |
| KIN | KINEPOLIS | 0.96 | $583,910 | BE0003722361 | XBRU | Consumer Discretionary | 0.78 |
| NYR | NYRSTAR | 0.94 | $571,025 | BE0003876936 | XBRU | Materials | 0.78 |
| EXM | EXMAR NV | 0.92 | $555,568 | BE0003808251 | XBRU | Energy | 0.78 |
| MELE | MELEXIS NV | 0.90 | $545,536 | BE0165385973 | XBRU | Information Technology | 0.78 |
| TESB | TESSENDERLO CHEMIE | 0.89 | $535,724 | BE0003555639 | XBRU | Materials | 0.78 |
| CFEB | CIE FRANCOIS D' ENTREPRISES | 0.87 | $529,270 | BE0003883031 | XBRU | Industrials | 0.78 |
| MOBB | MOBISTAR SA | 0.86 | $518,377 | BE0003735496 | XBRU | Telecom Services | 0.78 |
| ECONB | ECONOCOM GROUP | 0.83 | $504,269 | BE0974266950 | XBRU | Information Technology | 0.78 |
| AGFB | AGFA-GEVAERT NV | 0.81 | $488,155 | BE0003755692 | XBRU | Health Care | 0.78 |
| SIP | SIPEF NV | 0.74 | $445,082 | BE0003898187 | XBRU | Consumer Staples | 0.78 |
| IBAB | ION BEAM APPLICATIONS | 0.71 | $429,949 | BE0003766806 | XBRU | Health Care | 0.78 |
| WEHB | WERELDHAVE BELGIUM | 0.70 | $424,793 | BE0003724383 | XBRU | Financials | 0.78 |
| CMB | CMB CIE MARITIME BELGE | 0.69 | $418,127 | BE0003817344 | XBRU | Industrials | 0.78 |
| REC | RECTICEL | 0.69 | $417,489 | BE0003656676 | XBRU | Materials | 0.78 |
| INTO | INTERVEST OFFICES&WAREHOUSES | 0.66 | $401,967 | BE0003746600 | XBRU | Financials | 0.78 |
| EURN | EURONAV SA | 0.59 | $355,755 | BE0003816338 | XBRU | Energy | 0.78 |
| RHJI | RHJ INTERNATIONAL | 0.16 | $99,280 | BE0003815322 | XBRU | Financials | 0.78 |
| -- | BLACKROCK FDS III | 0.00 | $2,829 | -- | S-T Securities | 1.00 |

