| Stock | 99.48% |
| Cash | 0.02% |
| Other* | 0.50% |
Holdings Detail as of 5/16/2013 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| SAN | SANOFI | 11.48 | $59,963,951 | FR0000120578 | XPAR | Health Care | 0.77 |
| FP | TOTAL SA | 9.35 | $48,834,960 | FR0000120271 | XPAR | Energy | 0.77 |
| BNP | BNP PARIBAS | 5.24 | $27,359,783 | FR0000131104 | XPAR | Financials | 0.77 |
| MC | LVMH MOET HENNESSY LOUIS VUI | 4.06 | $21,199,625 | FR0000121014 | XPAR | Consumer Discretionary | 0.77 |
| BN | DANONE | 3.88 | $20,269,237 | FR0000120644 | XPAR | Consumer Staples | 0.77 |
| OR | L'OREAL | 3.79 | $19,770,611 | FR0000120321 | XPAR | Consumer Staples | 0.77 |
| SU | SCHNEIDER ELECTRIC SA | 3.55 | $18,545,521 | FR0000121972 | XPAR | Industrials | 0.77 |
| AI | AIR LIQUIDE SA | 3.41 | $17,806,013 | FR0000120073 | XPAR | Materials | 0.77 |
| CS | AXA SA | 3.04 | $15,890,322 | FR0000120628 | XPAR | Financials | 0.77 |
| GSZ | GDF SUEZ | 2.47 | $12,911,774 | FR0010208488 | XPAR | Utilities | 0.77 |
| GLE | SOCIETE GENERALE | 2.46 | $12,853,224 | FR0000130809 | XPAR | Financials | 0.77 |
| VIV | VIVENDI | 2.31 | $12,046,417 | FR0000127771 | XPAR | Telecom Services | 0.77 |
| RI | PERNOD-RICARD SA | 2.27 | $11,832,110 | FR0000120693 | XPAR | Consumer Staples | 0.77 |
| EAD | EADS NV | 2.24 | $11,720,812 | NL0000235190 | XPAR | Industrials | 0.77 |
| UL | UNIBAIL-RODAMCO SE | 2.13 | $11,137,267 | FR0000124711 | XAMS | Financials | 0.77 |
| EI | ESSILOR INTERNATIONAL | 2.04 | $10,668,012 | FR0000121667 | XPAR | Health Care | 0.77 |
| DG | VINCI SA | 1.98 | $10,345,813 | FR0000125486 | XPAR | Industrials | 0.77 |
| FTE | FRANCE TELECOM SA | 1.73 | $9,060,361 | FR0000133308 | XPAR | Telecom Services | 0.77 |
| CA | CARREFOUR SA | 1.60 | $8,369,776 | FR0000120172 | XPAR | Consumer Staples | 0.77 |
| PP | PPR | 1.51 | $7,895,742 | FR0000121485 | XPAR | Consumer Discretionary | 0.77 |
| SGO | COMPAGNIE DE SAINT-GOBAIN | 1.50 | $7,818,825 | FR0000125007 | XPAR | Industrials | 0.77 |
| ML | MICHELIN (CGDE) | 1.41 | $7,358,999 | FR0000121261 | XPAR | Consumer Discretionary | 0.77 |
| RNO | RENAULT SA | 1.30 | $6,766,634 | FR0000131906 | XPAR | Consumer Discretionary | 0.77 |
| LG | LAFARGE SA | 1.15 | $6,004,764 | FR0000120537 | XPAR | Materials | 0.77 |
| PUB | PUBLICIS GROUPE | 1.12 | $5,863,462 | FR0000130577 | XPAR | Consumer Discretionary | 0.77 |
| MT | ARCELORMITTAL | 1.11 | $5,816,595 | LU0323134006 | XAMS | Materials | 0.77 |
| SAF | SAFRAN SA | 1.05 | $5,494,931 | FR0000073272 | XPAR | Industrials | 0.77 |
| LR | LEGRAND SA | 1.04 | $5,417,162 | FR0010307819 | XPAR | Industrials | 0.77 |
| TEC | TECHNIP SA | 0.98 | $5,134,148 | FR0000131708 | XPAR | Energy | 0.77 |
| CDI | CHRISTIAN DIOR | 0.88 | $4,576,228 | FR0000130403 | XPAR | Consumer Discretionary | 0.77 |
| ACA | CREDIT AGRICOLE SA | 0.83 | $4,328,118 | FR0000045072 | XPAR | Financials | 0.77 |
| SESG | SES | 0.79 | $4,125,696 | LU0088087324 | XPAR | Consumer Discretionary | 0.77 |
| SW | SODEXO | 0.72 | $3,760,550 | FR0000121220 | XPAR | Consumer Discretionary | 0.77 |
| ALO | ALSTOM | 0.69 | $3,619,747 | FR0010220475 | XPAR | Industrials | 0.77 |
| CAP | CAP GEMINI | 0.69 | $3,603,070 | FR0000125338 | XPAR | Information Technology | 0.77 |
| DSY | DASSAULT SYSTEMES SA | 0.67 | $3,484,120 | FR0000130650 | XPAR | Information Technology | 0.77 |
| BVI | BUREAU VERITAS SA | 0.58 | $3,014,785 | FR0006174348 | XPAR | Industrials | 0.77 |
| AKE | ARKEMA | 0.55 | $2,883,081 | FR0010313833 | XPAR | Materials | 0.77 |
| GTO | GEMALTO | 0.55 | $2,847,992 | NL0000400653 | XAMS | Information Technology | 0.77 |
| CO | CASINO GUICHARD PERRACHON | 0.54 | $2,796,407 | FR0000125585 | XPAR | Consumer Staples | 0.77 |
| STM | STMICROELECTRONICS NV | 0.53 | $2,742,698 | NL0000226223 | XPAR | Information Technology | 0.77 |
| EDEN | EDENRED | 0.51 | $2,651,807 | FR0010908533 | XPAR | Industrials | 0.77 |
| VK | VALLOUREC | 0.50 | $2,589,023 | FR0000120354 | XPAR | Industrials | 0.77 |
| EDF | EDF | 0.47 | $2,457,040 | FR0010242511 | XPAR | Utilities | 0.77 |
| AC | ACCOR SA | 0.45 | $2,354,547 | FR0000120404 | XPAR | Consumer Discretionary | 0.77 |
| ILD | ILIAD SA | 0.45 | $2,348,622 | FR0004035913 | XPAR | Telecom Services | 0.77 |
| EN | BOUYGUES SA | 0.44 | $2,323,569 | FR0000120503 | XPAR | Industrials | 0.77 |
| SCR | SCOR SE | 0.42 | $2,169,297 | FR0010411983 | XPAR | Financials | 0.77 |
| VIE | VEOLIA ENVIRONNEMENT | 0.41 | $2,152,340 | FR0000124141 | XPAR | Utilities | 0.77 |
| GET | GROUPE EUROTUNNEL SA - REGR | 0.41 | $2,126,819 | FR0010533075 | XPAR | Industrials | 0.77 |
| LI | KLEPIERRE | 0.39 | $2,030,985 | FR0000121964 | XPAR | Financials | 0.77 |
| ZC | ZODIAC AEROSPACE | 0.38 | $1,995,623 | FR0000125684 | XPAR | Industrials | 0.77 |
| ETL | EUTELSAT COMMUNICATIONS | 0.38 | $1,987,465 | FR0010221234 | XPAR | Consumer Discretionary | 0.77 |
| KN | NATIXIS | 0.38 | $1,986,115 | FR0000120685 | XPAR | Financials | 0.77 |
| HO | THALES SA | 0.38 | $1,970,599 | FR0000121329 | XPAR | Industrials | 0.77 |
| MMB | LAGARDERE S.C.A. | 0.36 | $1,904,116 | FR0000130213 | XPAR | Consumer Discretionary | 0.77 |
| SEV | SUEZ ENVIRONNEMENT CO | 0.35 | $1,851,814 | FR0010613471 | XPAR | Utilities | 0.77 |
| ATO | ATOS | 0.35 | $1,837,847 | FR0000051732 | XPAR | Information Technology | 0.77 |
| CGG | CGG | 0.35 | $1,823,368 | FR0000120164 | XPAR | Energy | 0.77 |
| MF | WENDEL | 0.33 | $1,726,547 | FR0000121204 | XPAR | Financials | 0.77 |
| RXL | REXEL SA | 0.29 | $1,530,219 | FR0010451203 | XPAR | Industrials | 0.77 |
| BB | SOCIETE BIC SA | 0.28 | $1,436,516 | FR0000120966 | XPAR | Industrials | 0.77 |
| GFC | GECINA SA | 0.24 | $1,273,487 | FR0010040865 | XPAR | Financials | 0.77 |
| RCO | REMY COINTREAU | 0.24 | $1,236,724 | FR0000130395 | XPAR | Consumer Staples | 0.77 |
| ADP | ADP | 0.23 | $1,206,526 | FR0010340141 | XPAR | Industrials | 0.77 |
| CNP | CNP ASSURANCES | 0.21 | $1,092,933 | FR0000120222 | XPAR | Financials | 0.77 |
| ICAD | ICADE | 0.20 | $1,042,527 | FR0000035081 | XPAR | Financials | 0.77 |
| FDR | FONCIERE DES REGIONS | 0.20 | $1,025,521 | FR0000064578 | XPAR | Financials | 0.77 |
| NK | IMERYS SA | 0.19 | $1,015,420 | FR0000120859 | XPAR | Materials | 0.77 |
| UG | PEUGEOT SA | 0.17 | $890,751 | FR0000121501 | XPAR | Consumer Discretionary | 0.77 |
| DEC | JC DECAUX SA | 0.16 | $825,840 | FR0000077919 | XPAR | Consumer Discretionary | 0.77 |
| RF | EURAZEO | 0.14 | $741,482 | FR0000121121 | XPAR | Financials | 0.77 |
| -- | BLACKROCK FDS III | 0.02 | $89,187 | -- | S-T Securities | 1.00 |

