| Stock | 98.53% |
| Cash | 0.01% |
| Other* | 1.46% |
*May include dividends booked but not yet received.
Holdings Detail as of 5/15/2012 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| 8306 | MITSUBISHI UFJ FINANCIAL GRO | 9.06 | $198,657 | JP3902900004 | XTKS | Banks | 80.11 |
| 8316 | SUMITOMO MITSUI FINANCIAL GR | 6.55 | $143,740 | JP3890350006 | XTKS | Banks | 80.11 |
| 8411 | MIZUHO FINANCIAL GROUP INC | 5.31 | $116,405 | JP3885780001 | XTKS | Banks | 80.11 |
| 1299 | AIA GROUP LTD | 4.69 | $102,818 | HK0000069689 | XHKG | Insurance | 7.77 |
| OCBC | OVERSEA-CHINESE BANKING CORP | 3.21 | $70,297 | SG1S04926220 | XSES | Banks | 1.26 |
| DBS | DBS GROUP HOLDINGS LTD | 2.99 | $65,626 | SG1L01001701 | XSES | Banks | 1.26 |
| 1 | CHEUNG KONG HOLDINGS LTD | 2.86 | $62,633 | HK0001000014 | XHKG | Real Estate | 7.77 |
| 8802 | MITSUBISHI ESTATE CO LTD | 2.81 | $61,665 | JP3899600005 | XTKS | Real Estate | 80.11 |
| 8766 | TOKIO MARINE HOLDINGS INC | 2.73 | $59,783 | JP3910660004 | XTKS | Insurance | 80.11 |
| UOB | UNITED OVERSEAS BANK LTD | 2.65 | $58,175 | SG1M31001969 | XSES | Banks | 1.26 |
| 16 | SUN HUNG KAI PROPERTIES | 2.62 | $57,451 | HK0016000132 | XHKG | Real Estate | 7.77 |
| 388 | HONG KONG EXCHANGES & CLEAR | 2.58 | $56,554 | HK0388045442 | XHKG | Diversified Financials | 7.77 |
| 8801 | MITSUI FUDOSAN CO LTD | 2.15 | $47,223 | JP3893200000 | XTKS | Real Estate | 80.11 |
| 8830 | SUMITOMO REALTY & DEVELOPMNT | 1.93 | $42,267 | JP3409000001 | XTKS | Real Estate | 80.11 |
| 2388 | BOC HONG KONG HOLDINGS LTD | 1.91 | $41,815 | HK2388011192 | XHKG | Banks | 7.77 |
| 11 | HANG SENG BANK LTD | 1.73 | $37,994 | HK0011000095 | XHKG | Banks | 7.77 |
| 8604 | NOMURA HOLDINGS INC | 1.71 | $37,486 | JP3762600009 | XTKS | Diversified Financials | 80.11 |
| 8591 | ORIX CORP | 1.62 | $35,601 | JP3200450009 | XTKS | Diversified Financials | 80.11 |
| 8750 | DAI-ICHI LIFE INSURANCE | 1.56 | $34,313 | JP3476480003 | XTKS | Insurance | 80.11 |
| 8725 | MS&AD INSURANCE GROUP HOLDIN | 1.56 | $34,195 | JP3890310000 | XTKS | Insurance | 80.11 |
| 19 | SWIRE PACIFIC LTD-A | 1.51 | $33,157 | HK0019000162 | XHKG | Real Estate | 7.77 |
| 823 | LINK REIT | 1.46 | $32,031 | HK0823032773 | XHKG | Real Estate | 7.77 |
| 4 | WHARF HOLDINGS LTD | 1.39 | $30,568 | HK0004000045 | XHKG | Real Estate | 7.77 |
| 8309 | SUMITOMO MITSUI TRUST HOLDIN | 1.38 | $30,317 | JP3892100003 | XTKS | Banks | 80.11 |
| 8630 | NKSJ HOLDINGS INC | 1.28 | $28,068 | JP3165000005 | XTKS | Insurance | 80.11 |
| 101 | HANG LUNG PROPERTIES LTD | 1.21 | $26,572 | HK0101000591 | XHKG | Real Estate | 7.77 |
| 8308 | RESONA HOLDINGS INC | 1.15 | $25,293 | JP3500610005 | XTKS | Banks | 80.11 |
| 1925 | DAIWA HOUSE INDUSTRY CO LTD | 1.13 | $24,791 | JP3505000004 | XTKS | Real Estate | 80.11 |
| 8332 | BANK OF YOKOHAMA LTD/THE | 1.09 | $23,967 | JP3955400001 | XTKS | Banks | 80.11 |
| CAPL | CAPITALAND LTD | 0.97 | $21,367 | SG1J27887962 | XSES | Real Estate | 1.26 |
| 8355 | SHIZUOKA BANK LTD/THE | 0.94 | $20,647 | JP3351200005 | XTKS | Banks | 80.11 |
| 23 | BANK OF EAST ASIA | 0.94 | $20,511 | HK0023000190 | XHKG | Banks | 7.77 |
| 8601 | DAIWA SECURITIES GROUP INC | 0.90 | $19,773 | JP3502200003 | XTKS | Diversified Financials | 80.11 |
| 8795 | T&D HOLDINGS INC | 0.89 | $19,548 | JP3539220008 | XTKS | Insurance | 80.11 |
| 8951 | NIPPON BUILDING FUND INC | 0.83 | $18,200 | JP3027670003 | XTKS | Real Estate | 80.11 |
| 10 | HANG LUNG GROUP LTD | 0.82 | $18,075 | HK0010000088 | XHKG | Real Estate | 7.77 |
| 8952 | JAPAN REAL ESTATE INVESTMENT | 0.80 | $17,551 | JP3027680002 | XTKS | Real Estate | 80.11 |
| 1878 | DAITO TRUST CONSTRUCT CO LTD | 0.80 | $17,501 | JP3486800000 | XTKS | Real Estate | 80.11 |
| 8369 | BANK OF KYOTO LTD/THE | 0.75 | $16,402 | JP3251200006 | XTKS | Banks | 80.11 |
| CIT | CITY DEVELOPMENTS LTD | 0.74 | $16,283 | SG1R89002252 | XSES | Real Estate | 1.26 |
| 17 | NEW WORLD DEVELOPMENT | 0.71 | $15,548 | HK0017000149 | XHKG | Real Estate | 7.77 |
| 12 | HENDERSON LAND DEVELOPMENT | 0.71 | $15,526 | HK0012000102 | XHKG | Real Estate | 7.77 |
| SGX | SINGAPORE EXCHANGE LTD | 0.69 | $15,227 | SG1J26887955 | XSES | Diversified Financials | 1.26 |
| 83 | SINO LAND CO | 0.62 | $13,572 | HK0083000502 | XHKG | Real Estate | 7.77 |
| 8331 | CHIBA BANK LTD/THE | 0.55 | $12,058 | JP3511800009 | XTKS | Banks | 80.11 |
| 8354 | FUKUOKA FINANCIAL GROUP INC | 0.53 | $11,721 | JP3805010000 | XTKS | Banks | 80.11 |
| CT | CAPITAMALL TRUST | 0.52 | $11,375 | SG1M51904654 | XSES | Real Estate | 1.26 |
| GLP | GLOBAL LOGISTIC PROPERTIES L | 0.50 | $10,954 | SG2C26962630 | XSES | Real Estate | 1.26 |
| 8953 | JAPAN RETAIL FUND INVESTMENT | 0.49 | $10,835 | JP3039710003 | XTKS | Real Estate | 80.11 |
| 683 | KERRY PROPERTIES LTD | 0.48 | $10,541 | BMG524401079 | XHKG | Real Estate | 7.77 |
| 8359 | HACHIJUNI BANK LTD/THE | 0.46 | $10,011 | JP3769000005 | XTKS | Banks | 80.11 |
| 302 | WING HANG BANK LTD | 0.46 | $9,990 | HK0302001547 | XHKG | Banks | 7.77 |
| 8253 | CREDIT SAISON CO LTD | 0.45 | $9,799 | JP3271400008 | XTKS | Diversified Financials | 80.11 |
| AREIT | ASCENDAS REAL ESTATE INV TRT | 0.44 | $9,722 | SG1M77906915 | XSES | Real Estate | 1.26 |
| 20 | WHEELOCK & CO LTD | 0.44 | $9,694 | HK0020000177 | XHKG | Real Estate | 7.77 |
| 8334 | GUNMA BANK LTD/THE | 0.43 | $9,512 | JP3276400003 | XTKS | Banks | 80.11 |
| 8729 | SONY FINANCIAL HOLDINGS INC | 0.40 | $8,696 | JP3435350008 | XTKS | Insurance | 80.11 |
| 14 | HYSAN DEVELOPMENT CO | 0.39 | $8,626 | HK0014000126 | XHKG | Real Estate | 7.77 |
| 8955 | JAPAN PRIME REALTY INVESTMEN | 0.39 | $8,576 | JP3040890000 | XTKS | Real Estate | 80.11 |
| 8333 | JOYO BANK LTD/THE | 0.39 | $8,563 | JP3394200004 | XTKS | Banks | 80.11 |
| 8815 | TOKYU LAND CORP | 0.39 | $8,563 | JP3569000007 | XTKS | Real Estate | 80.11 |
| 8377 | HOKUHOKU FINANCIAL GROUP INC | 0.38 | $8,239 | JP3842400008 | XTKS | Banks | 80.11 |
| 142 | FIRST PACIFIC CO | 0.36 | $7,930 | BMG348041077 | XHKG | Diversified Financials | 7.77 |
| 8593 | MITSUBISHI UFJ LEASE & FINAN | 0.36 | $7,864 | JP3499800005 | XTKS | Diversified Financials | 80.11 |
| 8385 | IYO BANK LTD/THE | 0.35 | $7,727 | JP3149600003 | XTKS | Banks | 80.11 |
| 8379 | HIROSHIMA BANK LTD/THE | 0.35 | $7,689 | JP3797000001 | XTKS | Banks | 80.11 |
| CMA | CAPITAMALLS ASIA LTD | 0.31 | $6,768 | SG1Z05950543 | XSES | Real Estate | 1.26 |
| UOL | UOL GROUP LTD | 0.31 | $6,720 | SG1S83002349 | XSES | Real Estate | 1.26 |
| 8303 | SHINSEI BANK LTD | 0.26 | $5,742 | JP3729000004 | XTKS | Banks | 80.11 |
| 8473 | SBI HOLDINGS INC | 0.26 | $5,715 | JP3436120004 | XTKS | Diversified Financials | 80.11 |
| 8410 | SEVEN BANK LTD | 0.26 | $5,711 | JP3105220002 | XTKS | Banks | 80.11 |
| 8959 | NOMURA REAL ESTATE OFFICE FU | 0.25 | $5,530 | JP3045530007 | XTKS | Real Estate | 80.11 |
| 8570 | AEON CREDIT SERVICE CO LTD | 0.22 | $4,891 | JP3131400008 | XTKS | Diversified Financials | 80.11 |
| 8327 | NISHI-NIPPON CITY BANK LTD | 0.22 | $4,843 | JP3658000009 | XTKS | Banks | 80.11 |
| 8304 | AOZORA BANK LTD | 0.22 | $4,743 | JP3711200000 | XTKS | Banks | 80.11 |
| 3231 | NOMURA REAL ESTATE HOLDINGS | 0.21 | $4,700 | JP3762900003 | XTKS | Real Estate | 80.11 |
| KPLD | KEPPEL LAND LTD | 0.21 | $4,671 | SG1R31002210 | XSES | Real Estate | 1.26 |
| 8905 | AEON MALL CO LTD | 0.18 | $3,927 | JP3131430005 | XTKS | Real Estate | 80.11 |
| 8933 | NTT URBAN DEVELOPMENT CORP | 0.13 | $2,841 | JP3165690003 | XTKS | Real Estate | 80.11 |
| -- | BLACKROCK FDS III | 0.01 | $193 | -- | S-T Securities | 1.00 |
