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NVIT Multi-Manager International Value Fund

Top Holdings (all classes) as of 04/30/201203/30/201202/29/2012

View all holdings as of 04/30/2012 | 03/30/2012 | 02/29/2012

Holding	Percent
HSBC HLDGS ADR EACH REPR 5 USD0.50	2.18%
VODAFONE GROUP ORD USD0.11428571	2.02%
VODAFONE GROUP SPON ADR REP 10 ORD SHS	2.00%
BP AMOCO P.L.C ADR-EACH CNV INTO 6 ORD USD0.25	1.84%
ROYAL DUTCH SHELL 'A'ORD EUR0.07	1.81%
E.ON AG NPV	1.70%
HSBC HLDGS ORD USD0.50	1.48%
DEUTSCHE BANK AG ORD NPV(REGD)	1.44%
SUMITOMO MITSUI FINANCIAL GROUP INC NPV	1.39%
HUTCHISON WHAMPOA HKD0.25	1.38%

Holding	Ticker	Security No	Shares	Market Value	Percent
HSBC HLDGS ADR EACH REPR 5 USD0.50	HBC	404280406	383,500	17,322,695.00	2.18%
VODAFONE GROUP ORD USD0.11428571	VOD	B16GWD5	5,815,912	16,098,219.90	2.02%
VODAFONE GROUP SPON ADR REP 10 ORD SHS	VOD	92857W209	571,550	15,906,236.50	2.00%
BP AMOCO P.L.C ADR-EACH CNV INTO 6 ORD USD0.25	BP	055622104	336,256	14,596,872.96	1.84%
ROYAL DUTCH SHELL 'A'ORD EUR0.07	RDSA	B03MLX2	402,982	14,372,735.93	1.81%
E.ON AG NPV	EOAN	4942904	596,298	13,501,248.63	1.70%
HSBC HLDGS ORD USD0.50	HSBA	0540528	1,306,807	11,796,777.61	1.48%
DEUTSCHE BANK AG ORD NPV(REGD)	DBK	5750355	264,258	11,472,257.80	1.44%
SUMITOMO MITSUI FINANCIAL GROUP INC NPV	N/A	6563024	346,337	11,082,361.97	1.39%
HUTCHISON WHAMPOA HKD0.25	0013.HK	6448068	1,148,000	10,997,889.13	1.38%
BNP PARIBAS EUR2	N/A	7309681	262,160	10,580,624.92	1.33%
ERICSSON LM-B SHS NPV	LMEB.ST	5959378	1,050,513	10,414,222.25	1.31%
NORDEA BANK AB NPV	N/A	5380031	1,130,902	10,008,949.10	1.26%
ENI EUR1	N/A	7145056	449,845	9,995,473.61	1.26%
AUSTRALIA & NEW ZEALAND BANK GROUP NPV	ANZ.AX	6065586	399,371	9,893,725.04	1.24%
SWISS RE LTD CHF0.10	N/A	B545MG5	156,884	9,851,228.85	1.24%
SUMITOMO CORP NPV	8053.T	6858946	675,700	9,602,504.57	1.21%
MITSUBISHI UFJ FINANCIAL GROUP ORD NPV	N/A	6335171	1,956,200	9,392,719.69	1.18%
BAYER AG NPV	BAY	5069211	127,051	8,952,508.61	1.13%
BANCO SANTANDER SA EUR0.50	SCH.MC	5705946	1,397,692	8,775,586.26	1.10%
BP ORD USD0.25	BP.	0798059	1,210,907	8,747,716.04	1.10%
ALLIANZ SE ORD SHS NPV(REGD)	ALV	5231485	77,791	8,676,913.20	1.09%
SUNCOR ENERGY INC(NEW) NPV	SU	B3NB1P2	251,700	8,313,985.93	1.05%
DAIMLER AG ORD NPV(REGD)	DAI	5529027	150,187	8,310,078.27	1.05%
PRUDENTIAL GBP0.05	PRU	0709954	662,678	8,121,720.95	1.02%
XSTRATA PLC COM STK USD0.50	XTA	3141100	410,619	7,886,145.44	0.99%
GDF SUEZ EUR1	N/A	B0C2CQ3	336,005	7,736,263.36	0.97%
BRITISH AMERICAN TOBACCO ORD GBP0.25	BATS	0287580	150,039	7,695,430.82	0.97%
GLAXOSMITHKLINE ORD GBP0.25	GSK	0925288	333,014	7,693,122.63	0.97%
HONDA MOTOR CO NPV	7267.T	6435145	213,500	7,683,691.56	0.97%
CENTRICA PLC ORD GBP0.0617284	CNA	B033F22	1,534,069	7,632,782.30	0.96%
SANOFI EUR2	SASY.PA	5671735	99,589	7,606,790.09	0.96%
KINGFISHER ORD GBP0.157142857	KGF	3319521	1,599,012	7,540,875.15	0.95%
BARCLAYS ORD GBP0.25	BARC	3134865	2,109,784	7,469,369.95	0.94%
NISSAN MOTOR CO NPV	7201.T	6642860	718,000	7,465,072.51	0.94%
JAPAN TOBACCO INC NPV	2914.T	6474535	1,336	7,401,022.81	0.93%
UBS AG CHF0.10	N/A	B18YFJ4	582,589	7,275,482.98	0.92%
COMPAGNIE DE ST-GOBAIN EUR4	N/A	7380482	171,314	7,192,696.63	0.90%
BARCLAYS ADR-EACH REP 4 ORD STK GBP0.25(JPM)	BCS	06738E204	504,159	7,179,224.16	0.90%
FIDELITY INSTITUTIONAL MMKT PORTFOLIO INST CLASS -	N/A	89199B034	7,166,465	7,166,464.97	0.90%
ROCHE HLDG AG GENUSSCHEINE NPV	N/A	7110388	39,184	7,161,289.59	0.90%
SAMSUNG ELECTRONICS CO KRW5000	05930.K	6771720	5,803	7,102,647.66	0.89%
CREDIT SUISSE GROUP AG CHF0.04	N/A	7171589	295,749	7,073,994.15	0.89%
HITACHI NPV	6501.T	6429104	1,044,000	6,649,490.83	0.84%
UPM-KYMMENE OYJ NPV	UPM1V.H	5051252	513,970	6,595,870.16	0.83%
ING GROEP N.V. CVA EUR0.24	N/A	7154182	934,010	6,589,324.82	0.83%
SCHNEIDER ELECTRIC EUR8	SCHN.PA	4834108	106,886	6,583,737.71	0.83%
SOLVAY S.A. NPV	SOLB_T.	4821100	52,045	6,339,907.86	0.80%
EADS(EURO AERONAUTIC DEFENCE SPACE) EUR1	N/A	4012250	157,752	6,234,146.03	0.78%
MITSUI & CO NPV	8031.T	6597302	390,300	6,094,769.26	0.77%
SNAM SPA	N/A	7251470	1,273,892	6,051,728.20	0.76%
SODEXO EUR4	N/A	7062713	75,256	5,995,459.76	0.75%
JX HLDGS INC NPV	N/A	B627LW9	1,011,200	5,704,071.44	0.72%
CANON INC NPV	7751.T	6172323	124,900	5,661,448.58	0.71%
VOLKSWAGEN AG NON.V PRF NPV	VOW3	5497168	29,482	5,588,561.86	0.70%
ARCELORMITTAL SA NPV	N/A	B03XPL1	319,536	5,550,962.11	0.70%
WESFARMERS NPV	WES.AX	6948836	169,684	5,328,391.15	0.67%
INTERCONTINENTAL HOTELS GROUP ORD GBP0.13617	IHG	B1WQCS4	217,825	5,193,793.89	0.65%
DEUTSCHE TELEKOM AG NPV(REGD)	DTE	5842359	459,863	5,184,830.41	0.65%
CHINA CONSTRUCTION BANK CNY1 'H'	N/A	B0LMTQ3	6,259,000	4,857,260.38	0.61%
FUJITSU NPV	6702.T	6356945	987,000	4,797,150.59	0.60%
BASF SE NPV	BAS	5086577	57,572	4,740,080.81	0.60%
MITSUBISHI CORP SHS COM STK NPV	8058.T	6596785	215,900	4,678,976.33	0.59%
NIPPON TEL & TEL CORP NPV	9432.T	6641373	101,400	4,587,909.64	0.58%
FRANCE TELECOM EUR4	FTE.PA	5176177	321,387	4,405,593.84	0.55%
MITSUBISHI ELECTRIC CORP NPV	6503.T	6597045	490,000	4,304,449.60	0.54%
CNOOC HKD0.02	N/A	B00G0S5	1,993,000	4,211,505.32	0.53%
BAYERISCHE MOTOREN WERKE AG EUR1	BMW	5756029	43,166	4,105,612.57	0.52%
TELECOM CORP OF NEW ZEALAND NPV	TEL.NZ	6881436	1,886,398	4,055,657.56	0.51%
VIVENDI EUR5.5	EAUG.PA	4834777	217,906	4,030,509.40	0.51%
TEVA PHARMACEUTICAL INDUSTRIES ADR EACH CNV INTO 1	TEVA	881624209	85,801	3,924,537.74	0.49%
REPSOL YPF SA EUR1	REP.MC	5669354	200,569	3,855,928.96	0.48%
SABMILLER ORD USD0.10	SAB	0483548	90,199	3,790,926.50	0.48%
KDDI CORPORATION NPV	9433.T	6248990	578	3,783,757.35	0.48%
MARUBENI CORP NPV	8002.T	6569464	527,000	3,659,332.40	0.46%
UNILEVER NV CVA EUR0.16	N/A	B12T3J1	106,713	3,655,379.70	0.46%
TECK RESOURCES LTD CLASS'B'SUB-VTG COM NPV	TCK.B	2879327	93,000	3,470,142.23	0.44%
UNICREDIT SPA EUR0.50	N/A	B5M1SM3	822,728	3,281,545.35	0.41%
ORIX CORP NPV	8591.T	6661144	33,540	3,206,786.42	0.40%
EAST JAPAN RAILWAY CO NPV	9020.T	6298542	51,100	3,179,296.54	0.40%
GOLDCORP INC COM NPV	GG	380956409	82,536	3,157,827.36	0.40%
BANCO BILBAO VIZCAYA ARGENTARIA SA EUR0.49	BBVA.MC	5501906	459,973	3,112,658.82	0.39%
WPP PLC ORD GBP0.10	WPP	B3DMTY0	229,038	3,101,396.55	0.39%
EXPERIAN PLC ORD USD0.10	EXPN	B19NLV4	194,845	3,077,429.86	0.39%
MANULIFE FINANCIAL CORP COM NPV	MFC	2492519	220,100	3,010,124.01	0.38%
ASAHI GROUP HOLDINGS LTD	2502.T	6054409	127,300	2,866,444.21	0.36%
BRIDGESTONE CORP NPV	5108.T	6132101	117,700	2,784,991.19	0.35%
FIRST QUANTUM MINERALS COM NPV	N/A	2347608	132,954	2,761,771.61	0.35%
PANASONIC CORP NPV	6752.T	6572707	343,000	2,629,662.88	0.33%
SUEZ ENVIRONNEMENT CO EUR4	N/A	B3B8D04	182,073	2,568,343.82	0.32%
LLOYDS BANKING GROUP PLC ORD GBP0.10	LLOY	0870612	5,035,017	2,527,294.00	0.32%
SONY CORP COM STK NPV	6758.T	6821506	155,800	2,519,877.51	0.32%
ORIGIN ENERGY LTD NPV	ORG.AX	6214861	183,209	2,517,099.08	0.32%
KT CORP ADR EACH REPR 1/2 ORD KRW5000	KT	48268K101	191,877	2,465,619.45	0.31%
SWEDBANK AB SER'A'NPV	FSPA_A.	4846523	146,838	2,423,945.90	0.30%
AFRICAN BANK INVESTMENTS ZAR0.025	ABLJ.J	6040776	467,923	2,339,331.48	0.29%
KYOCERA CORP NPV	6971.T	6499260	23,500	2,291,016.62	0.29%
NOMURA HLDGS INC NPV	8604.T	6643108	557,700	2,286,080.82	0.29%
AVIVA ORD GBP0.25	AV.	0216238	440,470	2,204,548.41	0.28%
OLD MUTUAL PLC ORD GBP0.114285714	OML	B77J086	900,927	2,163,014.04	0.27%
HOLCIM CHF2(REGD)	N/A	7110753	34,116	2,127,890.30	0.27%
MICHELIN(CIE GLE DES ETABL.) EUR2(REGD)	MICP.PA	4588364	27,595	2,062,248.16	0.26%
AP MOLLER-MAERSK A/S 'B'DKK1000	DSAC_B.	4253048	252	1,973,144.86	0.25%
NIPPON STEEL CORP NPV	5401.T	6642569	784,000	1,953,639.94	0.25%
AKZO NOBEL NV EUR2	AKZO.AS	5458314	35,561	1,907,163.06	0.24%
ENCANA CORP COM NPV	N/A	2793193	90,900	1,903,852.81	0.24%
CANADIAN NATURAL RESOURCES COM NPV	CNQ	136385101	53,328	1,853,148.00	0.23%
SUN LIFE FINANCIAL INC COM NPV	SLF	2566124	75,470	1,850,365.34	0.23%
CARLSBERG 'B'DKK20	CARCB.C	4169219	20,909	1,804,901.62	0.23%
TELECOM ITALIA SPA(NEW) EUR0.55	N/A	7634394	1,585,645	1,798,890.47	0.23%
YAMANA GOLD INC COM NPV	N/A	2219279	120,100	1,761,653.08	0.22%
THOMSON REUTERS CORP	TRI	2889371	58,800	1,757,125.07	0.22%
TALISMAN ENERGY INC COM NPV	TLM	2068299	132,400	1,731,647.52	0.22%
SUNCORP GROUP LTD NPV	SME	6585084	189,904	1,601,334.59	0.20%
KINROSS GOLD CORP COM STK NPV	N/A	B03Z841	177,200	1,587,508.22	0.20%
SUMITOMO ELECTRIC INDUSTRIES NPV	5802.T	6858708	115,800	1,562,055.10	0.20%
MACQUARIE GROUP LTD NPV	N/A	B28YTC2	51,450	1,550,729.51	0.19%
FUJIFILM HLDGS CORP NPV	4901.T	6356525	71,100	1,508,059.49	0.19%
IBERDROLA SA EUR0.75	N/A	B288C92	321,669	1,498,896.97	0.19%
SKANDINAVISKA ENSKILDA BANKEN SER'A'NPV	SEB_A.S	4813345	214,356	1,444,240.43	0.18%
HUSKY ENERGY INC COM NPV	HSE	2623836	53,900	1,406,086.96	0.18%
NEXEN INC COM NPV	NXY	2172219	72,366	1,398,458.21	0.18%
INPEX CORPORATION NPV	N/A	B10RB15	208	1,373,322.12	0.17%
CARNIVAL ORD USD1.66	CCL	3121522	41,842	1,359,102.50	0.17%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	HHPD	5758218	221,587	1,341,097.70	0.17%
JFE HOLDINGS INC NPV	N/A	6543792	70,800	1,324,066.18	0.17%
RENAULT(REGIE NATIONALE DES USINES) ORD EUR3.81	013190	4712798	28,539	1,298,260.70	0.16%
YAMATO HOLDINGS CO NPV	9064.T	6985565	82,600	1,273,567.21	0.16%
CAMECO CORP COM NPV	CCO	2166160	54,900	1,214,874.73	0.15%
SVENSKA CELLULOSA AB-SCA SER'B'NPV	N/A	B1VVGZ5	75,711	1,200,226.47	0.15%
LAFARGE EUR4	LAFP.PA	4502706	30,668	1,198,714.69	0.15%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	N/A	B01D609	188,556	1,192,974.96	0.15%
PENN WEST PETROLEUM LTD NPV	N/A	B63FY34	67,536	1,157,447.47	0.15%
SAINSBURY(J) ORD GBP0.28 4/7	SBRY	B019KW7	228,158	1,140,546.87	0.14%
SOCIETE GENERALE EUR1.25	SOGN.PA	5966516	47,358	1,121,164.98	0.14%
SANTOS NPV	STO.AX	6776703	76,330	1,107,317.91	0.14%
HEIDELBERGCEMENT AG NPV	HEI	5120679	19,997	1,100,326.57	0.14%
MITSUBISHI CHEMICAL HLDGS CORP NPV	N/A	B0JQTJ0	208,500	1,098,811.84	0.14%
UCB S.A. NPV	UCBB_T.	5596991	22,635	1,058,419.14	0.13%
SUBSEA 7 SA COM STK USD2	N/A	5258246	40,717	1,054,527.72	0.13%
ANGLO AMERICAN ORD USD0.54945	AAL	B1XZS82	25,949	1,002,793.14	0.13%
SHARP CORP NPV	6753.T	6800602	154,000	985,168.17	0.12%
ROYAL BANK OF SCOTLAND GROUP PLC ADR EACH REPR 20	RBS	780097689	122,923	973,550.16	0.12%
THYSSENKRUPP AG NPV	TKA	5636927	40,244	954,399.03	0.12%
DELHAIZE FRERES ET CIE(LE LION)SA NPV	DELB_T.	4262118	19,494	948,802.14	0.12%
CAPITALAND LTD NPV	N/A	6309303	397,000	938,380.32	0.12%
DNB ASA	DNB.OL	4263304	86,155	928,613.39	0.12%
SUMITOMO METAL INDUSTRIES NPV	5405.T	6858827	517,000	928,724.81	0.12%
AEGON NV EUR0.12	AEGN.AS	5927375	197,581	919,065.33	0.12%
HENDERSON LAND DEVELOPMENT CO HKD2	0012.HK	6420538	162,000	919,209.61	0.12%
RESOLUTION LTD ORD NPV	RSL	B62W232	251,800	914,715.32	0.11%
EDF EUR0.50	N/A	B0NJJ17	41,739	884,280.88	0.11%
MAGNA INTERNATIONAL INC NPV	MG.A	2554475	20,100	880,831.10	0.11%
ADECCO SA CHF1(REGD)	N/A	7110720	17,825	869,562.87	0.11%
DANSKE BANK A/S DKK10	N/A	4588825	52,540	853,824.36	0.11%
TDK CORP NPV	6762.T	6869302	16,300	851,136.46	0.11%
ORKLA ASA NOK1.25	N/A	B1VQF42	113,553	833,991.83	0.10%
VOLKSWAGEN AG ORD NPV	VOW	5497102	4,865	831,065.46	0.10%
CASINO GUICHARD-PERRACHON EUR1.53	CASP.PA	4178419	8,404	825,684.86	0.10%
CAP GEMINI EUR8	CAPP.PA	4163437	21,009	820,765.90	0.10%
INCITEC PIVOT NPV	N/A	6673042	240,887	814,131.09	0.10%
MITSUBISHI HEAVY INDUSTRIES NPV	7011.T	6597067	177,000	802,699.20	0.10%
RICOH CO NPV	775200	6738220	89,000	797,270.97	0.10%
BOUYGUES EUR1	BOUY.PA	4002121	29,166	795,753.42	0.10%
CANADIAN TIRE CORP CLASS'A'CUM NON VTG NPV	CTC.A	2172286	10,900	762,343.47	0.10%
NEW WORLD DEVELOPMENT CO HKD1	0017.HK	6633767	609,835	755,977.49	0.10%
AEON CO NPV	8267.T	6480048	57,300	748,051.44	0.09%
AP MOLLER-MAERSK A/S 'A'DKK1000	N/A	4253059	100	745,881.97	0.09%
ASAHI GLASS CO NPV	5201.T	6055208	94,000	739,080.80	0.09%
ARKEMA EUR10	N/A	B0Z5YZ2	8,085	717,051.33	0.09%
SINGAPORE AIRLINES NPV	SIAL.SI	6811734	83,000	715,930.23	0.09%
SEKISUI HOUSE NPV	1928.T	6793906	77,000	713,819.70	0.09%
HANKYU HANSHIN HLDGS INC NPV	N/A	6408664	152,000	709,179.12	0.09%
ASCIANO LTD NPV DFD 14/12/11(EX RIGHT)	N/A	B1YC5L4	144,259	706,029.60	0.09%
JS GROUP CORP NPV	5938.T	6900212	35,400	695,129.36	0.09%
NORSK HYDRO ASA NOK1.098	N/A	B11HK39	138,175	673,771.81	0.08%
DAI NIPPON PRINTING CO NPV	7912.T	6250906	75,000	665,617.07	0.08%
NEC CORP NPV	N/A	6640400	345,000	622,848.35	0.08%
SUMITOMO MITSUI TR HLDGS INC NPV	N/A	6431897	208,000	609,344.76	0.08%
NIPPON YUSEN KK NPV	9101.T	6643960	203,000	600,075.19	0.08%
CGG VERITAS EUR0.40	012016	4215394	20,800	596,498.46	0.08%
MITSUI O.S.K.LINES NPV	910400	6597584	152,000	589,138.84	0.07%
FUJI HEAVY INDUSTRIES NPV	727000	6356406	78,000	588,316.30	0.07%
BANK LEUMI LE-ISRAEL B.M. ORD ILS1	LUMI.TA	6076425	187,404	586,233.31	0.07%
TOLL HLDGS LTD NPV	N/A	6693749	95,467	578,638.71	0.07%
ROHM CO NPV	6963.OS	6747204	12,800	577,263.39	0.07%
ARYZTA AG CHF0.02	N/A	B39VJC9	11,242	566,287.95	0.07%
COCA-COLA HBC S.A. EUR1.50	HLB.AT	4420723	28,457	565,027.95	0.07%
TOYOTA TSUSHO CORP NPV	N/A	6900580	28,200	559,227.18	0.07%
TATTS GROUP LTD NPV	N/A	B0CRCP7	207,238	556,556.64	0.07%
STMICROELECTRONICS EUR1.04	N/A	5962332	94,521	544,237.36	0.07%
BOLIDEN AB NPV.	N/A	B1XCBX9	33,737	542,519.98	0.07%
ISETAN MITSUKOSHI HLDGS LTD NPV	N/A	B2Q4CL4	49,700	541,346.63	0.07%
REXAM ORD 64 2/7P	REX	0425045	77,534	541,225.34	0.07%
GOLDEN AGRI RESOURCES USD0.025	N/A	6164472	897,000	530,971.09	0.07%
THALES EUR3	TCFP.PA	4162791	15,196	526,818.53	0.07%
LAGARDERE GROUP S.C.A. EUR6.10(REGD)	LAGA.PA	4547213	17,071	517,647.44	0.07%
KONICA MINOLTA HOLDINGS INC NPV	4902.T	6496700	63,500	515,184.98	0.06%
INTERNATIONAL CONSOLIDATED AIRL GRP ORD EUR0.50	IAG	B5M6XQ7	179,295	513,487.74	0.06%
WHEELOCK & CO HKD0.50	0020.HK	6981488	151,000	508,749.68	0.06%
TOPPAN PRINTING CO NPV	7911.T	6897024	75,000	507,977.71	0.06%
PORTUGAL TELECOM SGPS SA EUR0.03(REGD)	PTCO.IN	5817186	91,521	492,485.82	0.06%
BALOISE HOLDING AG CHF0.1	N/A	7124594	6,242	483,406.20	0.06%
ENERPLUS CORP NPV	N/A	B584T89	25,500	471,873.26	0.06%
KOBE STEEL NPV	540600	6496023	331,000	472,069.94	0.06%
BENDIGO & ADELAIDE BANK LTD ORD NPV	N/A	6091280	59,941	468,721.88	0.06%
COMMERZBANK AG ORD NPV	CBK	4325538	212,223	459,496.78	0.06%
ASAHI KASEI CORP NPV	3407.T	6054603	74,000	457,374.87	0.06%
PENGROWTH ENERGY CORP NPV	N/A	B67M828	50,846	457,065.83	0.06%
PETROLEUM GEO SERVICES ASA NOK3	N/A	B1L7YL5	30,149	456,087.22	0.06%
ECHO ENTERTAINMENT NPV	N/A	B3SVQF2	96,329	448,730.06	0.06%
OZ MINERALS LTD NPV	OXR	6397825	46,597	448,662.67	0.06%
NEWCREST MINING NPV	NCM	6637101	16,429	447,691.52	0.06%
MITSUBISHI MATERIALS CORP NPV	5711.T	6597089	149,000	444,398.03	0.06%
KAZAKHMYS GBP0.20(USD)	KAZ	B0HZPV3	31,505	442,241.23	0.06%
BANCO POPULAR ESPANOL EUR0.10	N/A	B0BV6K3	135,815	434,324.63	0.05%
EURASIAN NATURAL RESOURCES CORP USD0.20(USD)	ENRC	B29BCK1	47,663	434,482.03	0.05%
METHANEX CORP COM NPV	MX	2654416	12,300	433,055.63	0.05%
FUKUOKA FINANCIAL GROUP INC. NPV	N/A	B1TK1Y8	103,000	428,530.21	0.05%
NIPPON ELECTRIC GLASS NPV	N/A	6642666	53,000	428,227.62	0.05%
NIPPON EXPRESS CO COM NPV	9062.T	6642127	112,000	422,800.61	0.05%
FLETCHER BUILDING NPV	N/A	6341606	81,930	417,975.09	0.05%
TEIJIN NPV	3401.T	6880507	124,000	416,997.97	0.05%
UNIONE DI BANCHE ITALIANE SCPA EUR2.5	N/A	7622225	112,295	417,378.20	0.05%
RESEARCH IN MOTION COM NPV	N/A	2117265	29,037	415,339.18	0.05%
BORAL LTD NPV	BLD.AX	6218670	106,300	415,735.62	0.05%
MEIJI HOLDINGS CO LTD NPV	N/A	B60DQV3	9,200	407,478.59	0.05%
INMET MINING CORP COM NPV	IMN	2583026	7,400	407,061.80	0.05%
TREASURY WINE ESTATES LTD NPV	N/A	B61JC67	90,625	404,906.66	0.05%
FIAT SPA EUR3.5	FIA.MI	5748521	79,696	384,948.13	0.05%
WHARF(HLDGS) HKD1	0004.HK	6435576	65,000	385,473.67	0.05%
AGNICO EAGLE MINES COM NPV	AEM	008474108	9,200	367,264.00	0.05%
BANCO SANTANDER EUR0.50 (RFD)	N/A	B80QG72	58,237	365,648.38	0.05%
OBAYASHI CORP NPV	1802.T	6656407	86,000	364,024.39	0.05%
CAIXABANK	N/A	B283W97	104,456	360,086.87	0.05%
CREDIT AGRICOLE EUR3	N/A	7262610	68,185	350,995.82	0.04%
TAISEI CORP NPV	1801.T	6870100	136,000	345,441.37	0.04%
BANCO DE SABADELL SA NEW EUR0.125 (POST SPLIT 2007	N/A	B1X8QN2	144,835	342,909.65	0.04%
INVESTEC PLC ORD GBP0.0002	INVP	B17BBQ5	59,130	341,018.12	0.04%
SIMS METAL MANAGEMENT LTD ORD NPV	N/A	B0LCW75	23,132	340,164.60	0.04%
TDC A/S DKK1	TLD.CO	5698790	46,712	334,838.58	0.04%
MITSUBISHI GAS CHEMICAL CO INC NPV	418200	6596923	51,000	334,120.69	0.04%
MAZDA MOTOR CORP NPV	726100	6900308	201,000	326,631.50	0.04%
NATIXIS EUR1.60	N/A	B1HDJL2	105,967	323,031.37	0.04%
JTEKT CORP NPV	647300	6497082	29,500	323,318.81	0.04%
HUSQVARNA SER'B'NPV	N/A	B12PJ24	54,938	316,317.43	0.04%
DEUTSCHE LUFTHANSA AG NPV	LHA	5287488	24,115	314,034.79	0.04%
GROUPE EUROTUNNEL SA EUR0.4	N/A	B292JQ9	37,056	311,775.29	0.04%
MITSUI CHEMICALS INC NPV	418300	6597368	108,000	312,021.86	0.04%
J FRONT RETAILING CO LTD NPV	N/A	B23TC12	60,000	308,290.76	0.04%
ERICSSON SER'A' NPV	N/A	5957480	31,016	306,363.64	0.04%
PROGRESSIVE WASTE SOLUTIONS LTD	BIN	B3DJGB7	14,100	305,879.44	0.04%
AMADA CO NPV	6113.T	6022105	45,000	305,428.98	0.04%
NISSHIN SEIFUN GROUP INC NPV	2002.T	6640961	25,000	305,031.11	0.04%
HACHIJUNI BANK NPV	835900	6400626	55,000	299,326.35	0.04%
SHIMIZU CORP NPV	1803.T	6804400	78,000	296,508.43	0.04%
NIPPON MEAT PACKERS INC NPV	2282.T	6640767	23,000	293,797.95	0.04%
GROUPE AEROPLAN INC COM NPV	AER	B3B9M11	22,600	290,550.18	0.04%
BANK OF QUEENSLAND LTD ORD NPV	N/A	6076243	37,519	289,816.89	0.04%
LONZA GROUP AG CHF1(REGD)	N/A	7333378	6,426	289,949.80	0.04%
CALTEX AUSTRALIA NPV	CTX	6161503	19,926	283,880.59	0.04%
PRECISION DRILLING CORPORATION NPV	N/A	B5YPLH9	30,300	279,121.32	0.04%
QANTAS AIRWAYS NPV	QAN.AX	6710347	164,155	278,274.26	0.03%
MEDA AB NPV A	N/A	B1VYK30	27,934	276,250.88	0.03%
IMERYS SA EUR2	N/A	B011GL4	4,838	275,667.09	0.03%
ERSTE GROUP BANK AG	065201	5289837	11,881	273,966.08	0.03%
SALZGITTER AG ORD NPV	SZG	5465358	5,214	273,284.35	0.03%
PROGRESS ENERGY RESOURCES CORP	PRQ	B01TLW4	24,500	269,590.52	0.03%
TOYO SEIKAN KAISHA NPV	5901.T	6900267	20,100	267,468.90	0.03%
IDEMITSU KOSAN CO NPV	N/A	B1FF8P7	2,900	267,021.61	0.03%
SUZUKEN CO NPV	9987.T	6865560	8,800	266,173.79	0.03%
KBC GROEP NV NPV	KBKB_T.	4497749	13,582	263,314.82	0.03%
SOJITZ CORP NPV	N/A	6594143	156,500	263,566.28	0.03%
SUMITOMO METAL MINING CO NPV	5713.T	6858849	20,000	262,346.86	0.03%
UNY CO NPV	8270.T	6918624	22,400	260,307.20	0.03%
GUNMA BANK NPV	8334.T	6398088	51,000	258,763.06	0.03%
PAN AMERICAN SILVER CORP COM NPV	PAA	2669272	13,200	256,690.79	0.03%
TAKASHIMAYA CO NPV	8233.T	6870401	33,000	250,141.26	0.03%
KAMIGUMI CO NPV	9364.T	6482668	31,000	249,146.64	0.03%
ENSIGN ENERGY SERVICES INC COM NPV	ESI	2317623	17,200	248,636.94	0.03%
NIPPON PAPER GROUP INC NPV	N/A	6334781	12,400	248,247.31	0.03%
BOLLORE SA EUR16	N/A	4572709	1,136	246,227.35	0.03%
REXEL EUR5	N/A	B1VP0K0	11,657	243,885.91	0.03%
BANK OF IRELAND(GOVERNOR & CO OF) ORD EUR0.05	BKIR	3060625	1,639,371	243,425.88	0.03%
STORA ENSO OYJ SER'R'NPV	STERV.H	5072673	35,382	242,175.77	0.03%
VITERRA INC NEW COM NPV	VT	B06WVL7	14,858	239,298.25	0.03%
KEPPEL LAND NPV	N/A	6853468	93,000	236,779.43	0.03%
SHINSEI BANK NPV	N/A	6730936	182,000	234,860.71	0.03%
DENKI KAGAKU KOGYO KK NPV	406100	6309820	60,000	232,227.32	0.03%
YAMAGUCHI FINANCIAL GROUP INC NPV	N/A	B1DGKS9	27,000	231,916.08	0.03%
MEDIPAL HOLDINGS CORPORATION	7459.T	6782090	18,300	231,487.90	0.03%
SEIKO EPSON CORP NPV	N/A	6616508	17,300	230,790.51	0.03%
MITSUBISHI TANABE PHARMA CORP NPV	450800	6870984	16,500	229,028.13	0.03%
DAICEL CORPORATION	420200	6250542	36,000	228,195.78	0.03%
VENTURE CORPORATION NPV	VENM.SI	6927374	33,000	228,577.79	0.03%
MEDIASET SPA EUR0.52	MS.MI	5077946	95,473	227,239.07	0.03%
NTN CORP NPV	647200	6651189	60,000	226,971.56	0.03%
ALFRESA HOLDINGS CORP NPV	N/A	6687214	4,900	226,281.40	0.03%
SBI HLDGS INC NPV	N/A	6309466	2,796	225,002.18	0.03%
EMPIRE CO CLASS'A'N.VTG NPV	EMP.A	2314000	3,800	223,649.34	0.03%
QUEBECOR INC CLASS'B'SUBORD VTG NPV	QBR.B	2715777	5,700	224,053.25	0.03%
FAIRFAX MEDIA LIMITED NPV	FXJ	6467074	312,831	223,238.23	0.03%
NISHI-NIPPON CITY BANK NPV	N/A	6639721	84,000	222,172.72	0.03%
MARUI GROUP CO LTD NPV	8252.T	6569527	27,900	221,455.09	0.03%
LUNDBECK(H) A/S DKK5	N/A	7085259	11,001	220,557.69	0.03%
MONDI PLC ORD EUR0.20	MNDI	B1CRLC4	23,281	216,476.52	0.03%
KANEKA CORP NPV	4118.T	6483360	35,000	216,296.58	0.03%
ALUMINA NPV	AWC.AU	6954985	173,639	207,404.69	0.03%
COSMO OIL CO NPV	500700	6226338	74,000	205,217.90	0.03%
ACCIONA SA EUR1	N/A	5579107	3,299	203,181.12	0.03%
CASIO COMPUTER CO NPV	6952.T	6178967	29,600	196,642.48	0.02%
YAMAHA CORP NPV	7951.T	6642387	19,800	191,958.30	0.02%
TRANSALTA CORP COM NPV	TA	2901628	11,500	190,686.85	0.02%
NIPPON SHOKUBAI CO NPV	411400	6470588	17,000	190,458.58	0.02%
CELESIO AG NPV	CLS1	5105182	11,017	189,988.72	0.02%
BANK HAPOALIM B.M. ILS1	POLI.TA	6075808	49,526	183,787.07	0.02%
URANIUM ONE INC COM NPV	UUU	B0V23L6	63,200	183,614.92	0.02%
HAKUHODO DY HLDGS INC NPV	N/A	B05LZ02	2,910	181,717.11	0.02%
77TH BANK NPV	8341.T	6804165	44,000	175,453.61	0.02%
CATHAY PACIFIC AIRWAYS HKD0.20	293.HK	6179755	103,000	174,257.84	0.02%
TOSOH CORP NPV	4042.T	6900289	63,000	174,170.68	0.02%
SANKYO CO NPV	6417.T	6775432	3,600	173,575.04	0.02%
ISRAEL DISCOUNT BANK ILS0.1	N/A	6451271	132,044	171,240.07	0.02%
NAGASE & CO NPV	8012.T	6619820	13,800	167,076.64	0.02%
TOYODA GOSEI NPV	728200	6900557	8,100	165,093.10	0.02%
MITSUBISHI LOGISTICS CORP NPV	9301.T	6596848	15,000	164,539.13	0.02%
WACOAL HOLDINGS CORP NPV	3591.T	6932204	14,000	162,384.54	0.02%
LOBLAW COS COM STK NPV	N/A	2521800	4,800	162,048.89	0.02%
SULZER AG CHF0.01	SULZ_N.	4854719	1,124	161,877.89	0.02%
PETROBAKKEN ENERGY LTD NPV A	N/A	B4NCN45	11,100	160,682.29	0.02%
LUNDIN MINING CORP COM STK NPV	SAA	2866857	33,000	160,348.23	0.02%
NISSHINBO HOLDINGS INC NPV	310500	6642923	18,000	158,255.77	0.02%
SEVEN GROUP HLDGS LTD NPV	N/A	B432QW4	15,028	157,567.54	0.02%
HARVEY NORMAN HLDGS NPV	N/A	6173508	74,368	155,935.77	0.02%
LLOYDS BANKING GROUP PLC ADR EACH REP 4 ORD	LYG	539439109	76,917	150,757.32	0.02%
YAMATO KOGYO CO NPV	N/A	6985446	5,300	150,812.09	0.02%
CLARIANT CHF4.00	N/A	7113990	11,693	148,865.82	0.02%
SHOWA SHELL SEKIYU KK NPV	5002.T	6805544	23,500	147,888.33	0.02%
NIPPON SHEET GLASS CO NPV	5202.T	6641447	113,000	146,358.87	0.02%
AUTOBACS SEVEN CO NPV	9832.OS	6068422	3,000	143,979.73	0.02%
SUMITOMO FORESTRY CO NPV	1911.OS	6858861	16,600	144,459.21	0.02%
COCA-COLA WEST CO LTD NPV	257900	6163286	7,600	137,182.31	0.02%
HOUSE FOODS CORPORATION NPV	2810.T	6440503	8,000	134,736.61	0.02%
MARINE HARVEST ASA NOK0.75	N/A	B02L486	260,960	133,933.11	0.02%
WESTON(GEORGE) COM NPV	WN	2956662	2,100	134,203.57	0.02%
IYO BANK NPV	838500	6468282	16,000	132,777.83	0.02%
SEINO HOLDINGS CO NPV	907600	6793423	19,000	131,614.29	0.02%
EDP RENOVAVEIS SA EUR5	N/A	B39GNW2	30,257	128,955.54	0.02%
COMSYS HOLDINGS CORP NPV	N/A	6687247	12,800	129,029.36	0.02%
NISSHIN STEEL CO NPV	540700	6641641	87,000	122,107.73	0.02%
SSAB AB	N/A	B17H0S8	11,623	118,494.33	0.01%
HOPEWELL HLDGS HKD2.50	54	6140290	44,000	117,925.32	0.01%
KINDEN CORP NPV	1944.OS	6492924	17,000	118,060.63	0.01%
NEPTUNE ORIENT LINES NPV B/L 250	NEPS.SI	6628859	118,000	117,214.09	0.01%
HONG KONG & SHANGHAI HOTELS ORD HKD0.50	45	6436386	89,000	116,235.64	0.01%
STOREBRAND ASA 'A'NOK5	STB.OL	4852832	24,739	111,213.83	0.01%
SVENSKA CELLULOSA AB-SCA SER'A'NPV	N/A	B1VVGV1	6,958	110,426.49	0.01%
GENWORTH MI CANADA INC NPV	N/A	B3NWJQ2	5,200	108,069.04	0.01%
NIPPON TELEVISION NETWORK CORP NPV	9404.T	6644060	680	105,309.68	0.01%
FUJI MEDIA HOLDINGS INC	4676.T	6036582	62	104,583.92	0.01%
HITACHI CAPITAL CORP NPV	858600	6429159	6,200	102,491.14	0.01%
PARMALAT S.P.A EUR1	N/A	B09RG69	43,515	98,425.49	0.01%
CANON MARKETING JAPAN INC NPV	N/A	6172453	7,600	98,042.46	0.01%
FUKUYAMA TRANSPORTING CO NPV	907500	6357120	18,000	98,301.67	0.01%
KESKO OYJ NPV SER'B'	KESBV.H	4490005	3,616	96,718.53	0.01%
H2O RETAILING CORP NPV	824200	6408705	11,000	96,818.21	0.01%
CERMAQ ASA NOK10	N/A	B0LX580	7,037	96,160.70	0.01%
NISSAN SHATAI CO NPV	722200	6642901	9,000	94,991.62	0.01%
SKY PERFECT JSAT HOLDINGS INC NPV	N/A	B1TK234	215	93,636.96	0.01%
NICE SYSTEMS ADR EACH REPR 1 ORD ILS1	NICE	653656108	2,372	91,132.24	0.01%
OVERSEAS UNION ENTERPRISES NPV	N/A	6663827	42,000	79,598.40	0.01%
NESTE OIL NPV	N/A	B06YV46	6,682	79,070.28	0.01%
HUSQVARNA SER'A'NPV	N/A	B12V0C9	12,546	72,147.34	0.01%
STOLT-NIELSEN LTD USD1	N/A	B4PKZG3	4,020	71,879.72	0.01%
CIMENTS FRANCAIS 'A'EUR4	N/A	4199540	1,063	68,148.92	0.01%
BW OFFSHORE LTD COM STK USD0.01	N/A	B13V1Q9	47,629	66,159.26	0.01%
BANCO BILBAO VIZCAYA ARGENTARIA SA EUR0.49 RFD	N/A	B7YQSR5	9,786	66,141.74	0.01%
TOKYO BROADCASTING SYSTEM HOLDINGS INC NPV	9401.T	6894166	4,800	65,085.12	0.01%
AGEAS NV NPV	N/A	7266139	31,986	58,285.95	0.01%
BANCO POPOLARE SOCIETA COOPERATIVA EUR	N/A	B1Z9G88	37,162	55,262.87	0.01%
EBARA CORP NPV	6361.T	6302700	13,000	52,594.30	0.01%
CITIZEN HOLDINGS CO LTD NPV	7762.T	6197304	8,200	51,497.80	0.01%
KIRIN HLDGS CO LTD NPV	2503.T	6493745	4,000	50,929.81	0.01%
RAIFFEISEN BANK INTL AG NPV (REGD)	N/A	B0704T9	1,456	48,446.90	0.01%
ORIENT OVERSEAS INT USD0.1	N/A	6659116	7,000	47,694.54	0.01%
INDOFOOD AGRI RESOURCES LTD NPV (POST SPLIT)	N/A	B1QNF48	39,000	44,693.37	0.01%
BANCO ESPANOL DE CREDITO EUR0.79(REGD)	N/A	4072919	11,505	43,277.44	0.01%
KAWASAKI KISEN KAISHA NPV	910700	6484686	19,000	40,020.74	0.00%
ELBIT SYSTEMS ILS1	N/A	6308913	1,030	37,576.09	0.00%
SWISS LIFE HOLDING AG CHF17(EXH OFFER)	N/A	7437805	313	32,016.03	0.00%
BANCA MONTE DEI PASCHI DI SIENA NPV	N/A	7128541	87,448	31,108.21	0.00%
TOKYO TATEMONO CO NPV	N/A	6895426	7,000	25,847.88	0.00%
IAMGOLD CORP COM NPV	IMG	2446646	1,800	22,321.20	0.00%
RWE AG(NEU) NPV'A'	RWE	4768962	523	22,482.21	0.00%
ROCKWOOL INTERNATIONAL 'B'SHS DKK10	N/A	4713490	239	22,805.18	0.00%
SSAB AB SER'B'NPV	N/A	B17H3F6	586	5,176.78	0.00%
PAZ OIL CO LTD ILS5	N/A	B1L3K60	30	4,085.66	0.00%

Holding	Ticker	Security No	Shares	Market Value	Percent
HSBC HLDGS ADR EACH REPR 5 USD0.50	HBC	404280406	383,500	17,023,565.00	2.08%
FIDELITY INSTITUTIONAL MMKT PORTFOLIO INST CLASS -	N/A	89199B034	15,977,570	15,977,570.49	1.95%
VODAFONE GROUP SPON ADR REP 10 ORD SHS	VOD	92857W209	571,550	15,814,788.50	1.93%
VODAFONE GROUP ORD USD0.11428571	VOD	B16GWD5	5,627,111	15,521,508.54	1.90%
BP AMOCO P.L.C ADR-EACH CNV INTO 6 ORD USD0.25	BP	055622104	336,256	15,131,520.00	1.85%
E.ON AG NPV	EOAN	4942904	586,460	14,049,844.48	1.72%
ROYAL DUTCH SHELL 'A'ORD EUR0.07	RDSA	B03MLX2	389,900	13,637,205.01	1.67%
DEUTSCHE BANK AG ORD NPV(REGD)	DBK	5750355	260,779	12,983,955.03	1.59%
BNP PARIBAS EUR2	N/A	7309681	258,011	12,273,634.19	1.50%
GDF SUEZ EUR1	N/A	B0C2CQ3	442,846	11,446,900.96	1.40%
HUTCHISON WHAMPOA HKD0.25	0013.HK	6448068	1,124,000	11,239,993.19	1.37%
HSBC HLDGS ORD USD0.50	HSBA	0540528	1,264,384	11,230,530.97	1.37%
SUMITOMO MITSUI FINANCIAL GROUP INC NPV	N/A	6563024	335,137	11,092,276.50	1.35%
BANCO SANTANDER SA EUR0.50	SCH.MC	5705946	1,397,692	10,748,327.03	1.31%
ERICSSON LM-B SHS NPV	LMEB.ST	5959378	1,031,262	10,670,891.82	1.30%
ENI EUR1	N/A	7145056	435,242	10,199,965.83	1.25%
NORDEA BANK AB NPV	N/A	5380031	1,107,168	10,068,132.07	1.23%
MITSUBISHI UFJ FINANCIAL GROUP ORD NPV	N/A	6335171	1,956,200	9,816,935.52	1.20%
SWISS RE LTD CHF0.10	N/A	B545MG5	153,386	9,795,185.61	1.20%
SUMITOMO CORP NPV	8053.T	6858946	659,400	9,585,481.02	1.17%
PRUDENTIAL GBP0.05	PRU	0709954	785,414	9,411,155.87	1.15%
AUSTRALIA & NEW ZEALAND BANK GROUP NPV	ANZ.AX	6065586	386,406	9,321,753.04	1.14%
DAIMLER AG ORD NPV(REGD)	DAI	5529027	150,187	9,056,314.29	1.11%
ALLIANZ SE ORD SHS NPV(REGD)	ALV	5231485	75,266	8,983,114.00	1.10%
BP ORD USD0.25	BP.	0798059	1,171,598	8,725,223.88	1.07%
BAYER AG NPV	BAY	5069211	122,927	8,645,322.23	1.06%
CREDIT SUISSE GROUP AG CHF0.04	N/A	7171589	290,749	8,286,837.37	1.01%
SUNCOR ENERGY INC(NEW) NPV	SU	B3NB1P2	251,700	8,223,873.88	1.00%
UBS AG CHF0.10	N/A	B18YFJ4	582,589	8,164,848.99	1.00%
HONDA MOTOR CO NPV	7267.T	6435145	206,600	7,957,033.19	0.97%
BARCLAYS ORD GBP0.25	BARC	3134865	2,041,295	7,692,536.00	0.94%
ING GROEP N.V. CVA EUR0.24	N/A	7154182	920,783	7,668,336.17	0.94%
BARCLAYS ADR-EACH REP 4 ORD STK GBP0.25(JPM)	BCS	06738E204	504,159	7,638,008.85	0.93%
COMPAGNIE DE ST-GOBAIN EUR4	N/A	7380482	168,054	7,498,060.87	0.92%
NISSAN MOTOR CO NPV	7201.T	6642860	694,700	7,469,440.21	0.91%
JAPAN TOBACCO INC NPV	2914.T	6474535	1,293	7,318,971.64	0.89%
BRITISH AMERICAN TOBACCO ORD GBP0.25	BATS	0287580	145,168	7,312,779.89	0.89%
GLAXOSMITHKLINE ORD GBP0.25	GSK	0925288	322,203	7,203,112.59	0.88%
XSTRATA PLC COM STK USD0.50	XTA	3141100	410,619	7,034,663.47	0.86%
KINGFISHER ORD GBP0.157142857	KGF	3319521	1,407,902	6,907,645.67	0.84%
UPM-KYMMENE OYJ NPV	UPM1V.H	5051252	499,625	6,804,917.94	0.83%
SCHNEIDER ELECTRIC EUR8	SCHN.PA	4834108	103,416	6,765,562.62	0.83%
SANOFI EUR2	SASY.PA	5671735	85,682	6,648,197.62	0.81%
ROCHE HLDG AG GENUSSCHEINE NPV	N/A	7110388	37,912	6,597,838.93	0.81%
SAMSUNG ELECTRONICS CO KRW5000	05930.K	6771720	5,803	6,546,102.01	0.80%
EADS(EURO AERONAUTIC DEFENCE SPACE) EUR1	N/A	4012250	152,631	6,250,545.22	0.76%
JX HLDGS INC NPV	N/A	B627LW9	989,600	6,174,319.03	0.75%
SOLVAY S.A. NPV	SOLB_T.	4821100	50,662	6,000,983.63	0.73%
ARCELORMITTAL SA NPV	N/A	B03XPL1	313,036	5,992,575.02	0.73%
SODEXO EUR4	N/A	7062713	72,813	5,978,243.91	0.73%
CENTRICA PLC ORD GBP0.0617284	CNA	B033F22	1,171,480	5,930,644.47	0.72%
SNAM SPA	N/A	7251470	1,232,538	5,927,266.23	0.72%
CANON INC NPV	7751.T	6172323	120,800	5,778,597.26	0.71%
DEUTSCHE TELEKOM AG NPV(REGD)	DTE	5842359	459,863	5,540,506.12	0.68%
HITACHI NPV	6501.T	6429104	848,000	5,486,501.68	0.67%
WESFARMERS ORD NPV	WES.AX	6948836	169,684	5,283,665.66	0.65%
FUJITSU NPV	6702.T	6356945	955,000	5,069,698.90	0.62%
MITSUBISHI CORP SHS COM STK NPV	8058.T	6596785	215,900	5,052,484.83	0.62%
INTERCONTINENTAL HOTELS GROUP ORD GBP0.13617	IHG	B1WQCS4	210,754	4,896,587.50	0.60%
BASF SE NPV	BAS	5086577	55,703	4,870,642.71	0.59%
FRANCE TELECOM EUR4	FTE.PA	5176177	321,387	4,766,448.96	0.58%
CHINA CONSTRUCTION BANK CNY1 'H'	N/A	B0LMTQ3	6,056,000	4,674,137.40	0.57%
NIPPON TEL & TEL CORP NPV	9432.T	6641373	101,400	4,595,868.09	0.56%
MITSUI & CO NPV	8031.T	6597302	272,100	4,490,815.73	0.55%
KDDI CORPORATION NPV	9433.T	6248990	669	4,352,880.94	0.53%
VOLKSWAGEN AG NON.V PRF NPV	VOW3	5497168	24,744	4,351,556.43	0.53%
UNICREDIT SPA EUR0.50	N/A	B5M1SM3	799,097	4,001,739.81	0.49%
VIVENDI EUR5.5	EAUG.PA	4834777	217,906	4,001,544.49	0.49%
CNOOC HKD0.02	N/A	B00G0S5	1,928,000	3,946,563.90	0.48%
REPSOL YPF SA EUR1	REP.MC	5669354	156,143	3,925,174.58	0.48%
BAYERISCHE MOTOREN WERKE AG EUR1	BMW	5756029	41,765	3,757,030.17	0.46%
TEVA PHARMACEUTICAL INDUSTRIES ADR EACH CNV INTO 1	TEVA	881624209	83,016	3,740,700.96	0.46%
HOLCIM CHF2(REGD)	N/A	7110753	57,232	3,725,247.36	0.45%
MARUBENI CORP NPV	8002.T	6569464	510,000	3,708,825.69	0.45%
BANCO BILBAO VIZCAYA ARGENTARIA SA EUR0.49	BBVA.MC	5501906	459,973	3,666,494.14	0.45%
BRIDGESTONE CORP NPV	5108.T	6132101	148,800	3,638,992.91	0.44%
TELECOM CORP OF NEW ZEALAND NPV	TEL.NZ	6881436	1,825,160	3,629,263.24	0.44%
UNILEVER NV CVA EUR0.16	N/A	B12T3J1	103,249	3,512,986.40	0.43%
SABMILLER ORD USD0.10	SAB	0483548	87,271	3,504,567.53	0.43%
TECK RESOURCES LTD CLASS'B'SUB-VTG COM NPV	TCK.B	2879327	93,000	3,320,196.50	0.41%
SONY CORP COM STK NPV	6758.T	6821506	155,800	3,259,037.38	0.40%
PANASONIC CORP NPV	6752.T	6572707	343,000	3,198,431.16	0.39%
MITSUBISHI ELECTRIC CORP NPV	6503.T	6597045	354,000	3,161,074.52	0.39%
WPP PLC ORD GBP0.10	WPP	B3DMTY0	229,038	3,131,670.12	0.38%
EAST JAPAN RAILWAY CO NPV	9020.T	6298542	49,400	3,118,571.56	0.38%
MANULIFE FINANCIAL CORP COM NPV	MFC	2492519	220,100	2,981,152.94	0.36%
EXPERIAN PLC ORD USD0.10	EXPN	B19NLV4	188,520	2,940,661.75	0.36%
ASAHI GROUP HOLDINGS LTD	2502.T	6054409	123,200	2,737,818.50	0.33%
LLOYDS BANKING GROUP PLC ORD GBP0.10	LLOY	0870612	5,035,017	2,709,506.67	0.33%
SUEZ ENVIRONNEMENT CO EUR4	N/A	B3B8D04	176,162	2,702,500.54	0.33%
EURO STOXX 50 FUTURE JUN12 15/JUN/2012 (VGM2)	N/A	VGM2IDX	830	2,666,693.09	0.33%
OLD MUTUAL ORD GBP0.10	OML	0738992	1,029,631	2,613,999.13	0.32%
KT CORP ADR EACH REPR 1/2 ORD KRW5000	KT	48268K101	185,648	2,541,521.12	0.31%
ORIGIN ENERGY LTD NPV	ORG.AX	6214861	183,209	2,535,029.84	0.31%
NOMURA HLDGS INC NPV	8604.T	6643108	557,700	2,485,747.84	0.30%
FTSE 100 IDX FUT FUTURE JUN12 15/JUN/2012(Z M2)	N/A	Z0M2IDX	270	2,474,370.49	0.30%
FIRST QUANTUM MINERALS COM NPV	N/A	2347608	128,638	2,452,949.78	0.30%
AFRICAN BANK INVESTMENTS ZAR0.025	ABLJ.J	6040776	467,923	2,434,237.44	0.30%
AVIVA ORD GBP0.25	AV.	0216238	440,470	2,337,925.93	0.29%
SWEDBANK AB SER'A'NPV	FSPA_A.	4846523	142,071	2,208,576.91	0.27%
NIPPON STEEL CORP NPV	5401.T	6642569	784,000	2,174,553.51	0.27%
KYOCERA CORP NPV	6971.T	6499260	23,500	2,173,721.66	0.27%
AKZO NOBEL NV EUR2	AKZO.AS	5458314	35,561	2,100,598.28	0.26%
DEUTSCHE BOERSE AG NPV	DB1	7021963	31,167	2,098,577.41	0.26%
MICHELIN(CIE GLE DES ETABL.) EUR2(REGD)	MICP.PA	4588364	27,595	2,055,695.39	0.25%
AP MOLLER-MAERSK A/S 'B'DKK1000	DSAC_B.	4253048	252	1,952,148.29	0.24%
TELECOM ITALIA SPA(NEW) EUR0.55	N/A	7634394	1,585,645	1,887,389.90	0.23%
YAMANA GOLD INC COM NPV	N/A	2219279	120,100	1,873,533.51	0.23%
TOPIX INDX FUTR FUTURE JUN12 07/JUN/2012 (TPM2)	N/A	TPM2IDX	180,000	1,863,718.74	0.23%
IBERDROLA SA EUR0.75	N/A	B288C92	321,669	1,826,693.85	0.22%
SUN LIFE FINANCIAL INC COM NPV	SLF	2566124	75,470	1,790,941.80	0.22%
ENCANA CORP COM NPV	N/A	2793193	90,900	1,785,283.47	0.22%
CARLSBERG 'B'DKK20	CARCB.C	4169219	20,909	1,734,571.01	0.21%
KINROSS GOLD CORP COM STK NPV	N/A	B03Z841	177,200	1,732,116.90	0.21%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	HHPD	5758218	221,587	1,732,089.30	0.21%
THOMSON REUTERS CORP	TRI	2889371	58,800	1,700,127.32	0.21%
FUJIFILM HLDGS CORP NPV	4901.T	6356525	71,100	1,683,006.79	0.21%
TALISMAN ENERGY INC COM NPV	TLM	2068299	132,400	1,664,540.58	0.20%
SUNCORP GROUP LTD NPV	SME	6585084	189,904	1,656,342.21	0.20%
SUMITOMO ELECTRIC INDUSTRIES NPV	5802.T	6858708	115,800	1,603,458.16	0.20%
MACQUARIE GROUP LTD NPV	N/A	B28YTC2	51,450	1,556,522.63	0.19%
JFE HOLDINGS INC NPV	N/A	6543792	70,800	1,539,332.33	0.19%
SKANDINAVISKA ENSKILDA BANKEN SER'A'NPV	SEB_A.S	4813345	214,356	1,523,257.97	0.19%
RENAULT(REGIE NATIONALE DES USINES) ORD EUR3.81	013190	4712798	28,539	1,505,308.58	0.18%
GOLDCORP INC COM NPV	GG	380956409	32,731	1,474,858.86	0.18%
LAFARGE EUR4	LAFP.PA	4502706	30,668	1,461,530.76	0.18%
INPEX CORPORATION NPV	N/A	B10RB15	208	1,414,298.50	0.17%
SOCIETE GENERALE EUR1.25	SOGN.PA	5966516	47,358	1,389,618.22	0.17%
HUSKY ENERGY INC COM NPV	HSE	2623836	53,900	1,371,479.27	0.17%
CARNIVAL ORD USD1.66	CCL	3121522	41,842	1,337,232.35	0.16%
NEXEN INC COM NPV	NXY	2172219	72,157	1,323,125.50	0.16%
SVENSKA CELLULOSA AB-SCA SER'B'NPV	N/A	B1VVGZ5	75,711	1,312,011.65	0.16%
PENN WEST PETROLEUM LTD NPV	N/A	B63FY34	66,500	1,299,398.47	0.16%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	N/A	B01D609	188,556	1,244,469.60	0.15%
HEIDELBERGCEMENT AG NPV	HEI	5120679	19,997	1,207,492.41	0.15%
CAMECO CORP COM NPV	CCO	2166160	54,900	1,178,413.96	0.14%
SAINSBURY(J) ORD GBP0.28 4/7	SBRY	B019KW7	228,158	1,135,440.40	0.14%
SHARP CORP NPV	6753.T	6800602	154,000	1,134,297.69	0.14%
MITSUBISHI CHEMICAL HLDGS CORP NPV	N/A	B0JQTJ0	208,500	1,121,889.05	0.14%
AEGON NV EUR0.12	AEGN.AS	5927375	197,581	1,098,253.48	0.13%
ROYAL BANK OF SCOTLAND GROUP PLC ADR EACH REPR 20	RBS	780097689	122,923	1,086,639.32	0.13%
REXAM ORD 64 2/7P	REX	0425045	157,717	1,080,159.29	0.13%
SUBSEA 7 SA COM STK USD2	N/A	5258246	40,717	1,078,418.76	0.13%
SUMITOMO METAL INDUSTRIES NPV	5405.T	6858827	517,000	1,054,644.81	0.13%
RESOLUTION LTD ORD NPV	RSL	B62W232	251,800	1,051,992.90	0.13%
KONINKLIJKE KPN NV EUR0.24	KPN.AS	5956078	94,276	1,037,368.94	0.13%
DELHAIZE FRERES ET CIE(LE LION)SA NPV	DELB_T.	4262118	19,494	1,025,388.82	0.13%
THYSSENKRUPP AG NPV	TKA	5636927	40,244	1,001,850.00	0.12%
CAPITALAND LTD NPV	N/A	6309303	397,000	986,336.48	0.12%
UCB S.A. NPV	UCBB_T.	5596991	22,635	976,972.84	0.12%
MAGNA INTERNATIONAL INC NPV	MG.A	2554475	20,100	958,399.92	0.12%
EDF EUR0.50	N/A	B0NJJ17	41,739	952,878.83	0.12%
CAP GEMINI EUR8	CAPP.PA	4163437	21,009	940,399.15	0.11%
TDK CORP NPV	6762.T	6869302	16,300	934,155.65	0.11%
ADECCO SA CHF1(REGD)	N/A	7110720	17,825	933,604.11	0.11%
ORKLA ASA NOK1.25	N/A	B1VQF42	113,553	898,851.69	0.11%
HENDERSON LAND DEVELOPMENT CO HKD2	0012.HK	6420538	162,000	895,118.66	0.11%
DANSKE BANK A/S DKK10	N/A	4588825	52,540	893,070.93	0.11%
BOUYGUES EUR1	BOUY.PA	4002121	29,166	889,413.73	0.11%
RICOH CO NPV	775200	6738220	89,000	874,591.47	0.11%
MITSUBISHI HEAVY INDUSTRIES NPV	7011.T	6597067	177,000	862,456.39	0.11%
CASINO GUICHARD-PERRACHON EUR1.53	CASP.PA	4178419	8,404	828,500.47	0.10%
VITERRA INC NEW COM NPV	VT	B06WVL7	51,900	827,839.99	0.10%
ACCOR EUR3	ACCP.PA	5852842	22,309	796,208.11	0.10%
INCITEC PIVOT NPV	N/A	6673042	240,887	789,680.74	0.10%
VOLKSWAGEN AG ORD NPV	VOW	5497102	4,865	784,412.93	0.10%
STMICROELECTRONICS EUR1.04	N/A	5962332	94,521	773,874.32	0.09%
DAI NIPPON PRINTING CO NPV	7912.T	6250906	75,000	771,822.45	0.09%
SEKISUI HOUSE NPV	1928.T	6793906	77,000	760,301.46	0.09%
PETROPAVLOVSK PLC ORD GBP0.01	POG	3154454	84,666	755,745.51	0.09%
AEON CO NPV	8267.T	6480048	57,300	754,819.67	0.09%
ARKEMA EUR10	N/A	B0Z5YZ2	8,085	754,000.75	0.09%
NORSK HYDRO ASA NOK1.098	N/A	B11HK39	138,175	753,747.14	0.09%
JS GROUP CORP NPV	5938.T	6900212	35,400	745,253.52	0.09%
AP MOLLER-MAERSK A/S 'A'DKK1000	N/A	4253059	100	738,091.10	0.09%
ASCIANO LTD NPV DFD 14/12/11(EX RIGHT)	N/A	B1YC5L4	144,259	734,027.40	0.09%
NEW WORLD DEVELOPMENT CO HKD1	0017.HK	6633767	603,000	726,071.15	0.09%
NEC CORP NPV	N/A	6640400	345,000	725,625.53	0.09%
SINGAPORE AIRLINES NPV	SIAL.SI	6811734	83,000	711,787.28	0.09%
CANADIAN TIRE CORP CLASS'A'CUM NON VTG NPV	CTC.A	2172286	10,900	704,410.25	0.09%
GROUPE EUROTUNNEL SA EUR0.4	N/A	B292JQ9	79,586	691,602.94	0.08%
WOOD GROUP JOHN PLC SHS	WG.	B5N0P84	59,683	684,368.22	0.08%
MITSUI O.S.K.LINES NPV	910400	6597584	152,000	667,089.09	0.08%
HANKYU HANSHIN HLDGS INC NPV	N/A	6408664	152,000	663,737.60	0.08%
NIPPON YUSEN KK NPV	9101.T	6643960	203,000	643,110.87	0.08%
FUJI HEAVY INDUSTRIES NPV	727000	6356406	78,000	637,036.29	0.08%
ROHM CO NPV	6963.OS	6747204	12,800	635,148.28	0.08%
CGG VERITAS EUR0.40	012016	4215394	20,800	618,185.32	0.08%
BANK LEUMI LE-ISRAEL B.M. ORD ILS1	LUMI.TA	6076425	187,404	596,004.89	0.07%
TOPPAN PRINTING CO NPV	7911.T	6897024	75,000	589,762.23	0.07%
ISETAN MITSUKOSHI HLDGS LTD NPV	N/A	B2Q4CL4	49,700	587,007.18	0.07%
TOLL HLDGS LTD NPV	N/A	6693749	95,467	582,225.20	0.07%
TOYOTA TSUSHO CORP NPV	N/A	6900580	28,200	578,647.99	0.07%
ENERPLUS CORP NPV	N/A	B584T89	25,500	571,126.37	0.07%
THALES EUR3	TCFP.PA	4162791	15,196	568,978.58	0.07%
GOLDEN AGRI RESOURCES USD0.025	N/A	6164472	897,000	560,504.94	0.07%
KONICA MINOLTA HOLDINGS INC NPV	4902.T	6496700	63,500	560,307.39	0.07%
ARYZTA AG CHF0.02	N/A	B39VJC9	11,242	555,366.53	0.07%
COCA-COLA HBC S.A. EUR1.50	HLB.AT	4420723	28,457	544,626.99	0.07%
KOBE STEEL NPV	540600	6496023	331,000	541,277.09	0.07%
COMMERZBANK AG ORD NPV	CBK	4325538	212,223	537,277.61	0.07%
TATTS GROUP LTD NPV	N/A	B0CRCP7	207,239	530,969.84	0.06%
BOLIDEN AB NPV.	N/A	B1XCBX9	33,737	530,630.54	0.06%
LAGARDERE GROUP S.C.A. EUR6.10(REGD)	LAGA.PA	4547213	17,071	527,065.77	0.06%
INTERNATIONAL CONSOLIDATED AIRL GRP ORD EUR0.50	IAG	B5M6XQ7	179,295	512,962.72	0.06%
ASAHI GLASS CO NPV	5201.T	6055208	59,000	505,785.28	0.06%
BALOISE HOLDING AG CHF0.1	N/A	7124594	6,242	502,647.65	0.06%
PORTUGAL TELECOM SGPS SA EUR0.03(REGD)	PTCO.IN	5817186	91,521	497,214.21	0.06%
BENDIGO & ADELAIDE BANK LTD ORD NPV	N/A	6091280	59,942	481,940.87	0.06%
BANCO POPULAR ESPANOL EUR0.10	N/A	B0BV6K3	134,074	481,429.95	0.06%
PENGROWTH ENERGY CORP NPV	N/A	B67M828	50,846	476,625.50	0.06%
UNIONE DI BANCHE ITALIANE SCPA EUR2.5	N/A	7622225	112,295	475,992.15	0.06%
MITSUBISHI MATERIALS CORP NPV	5711.T	6597089	149,000	475,623.11	0.06%
OZ MINERALS LTD NPV	OXR	6397825	46,597	472,617.93	0.06%
FIAT SPA EUR3.5	FIA.MI	5748521	79,696	468,581.06	0.06%
NIPPON ELECTRIC GLASS NPV	N/A	6642666	53,000	466,424.98	0.06%
KAZAKHMYS GBP0.20(USD)	KAZ	B0HZPV3	31,505	458,670.49	0.06%
ASAHI KASEI CORP NPV	3407.T	6054603	74,000	459,322.05	0.06%
FUKUOKA FINANCIAL GROUP INC. NPV	N/A	B1TK1Y8	103,000	459,084.72	0.06%
WHEELOCK & CO HKD0.50	0020.HK	6981488	151,000	456,719.61	0.06%
EURASIAN NATURAL RESOURCES CORP USD0.20(USD)	ENRC	B29BCK1	47,663	452,737.88	0.06%
FLETCHER BUILDING NPV	N/A	6341606	81,930	452,787.16	0.06%
BORAL LTD NPV	BLD.AX	6218670	106,301	445,535.77	0.05%
PETROLEUM GEO SERVICES ASA NOK3	N/A	B1L7YL5	30,149	441,498.80	0.05%
ECHO ENTERTAINMENT NPV	N/A	B3SVQF2	96,329	439,177.12	0.05%
NIPPON EXPRESS CO COM NPV	9062.T	6642127	112,000	439,627.78	0.05%
RESEARCH IN MOTION COM NPV	N/A	2117265	29,037	425,897.35	0.05%
CREDIT AGRICOLE EUR3	N/A	7262610	68,185	424,557.98	0.05%
SANTOS NPV	STO.AX	6776703	28,655	423,127.44	0.05%
TEIJIN NPV	3401.T	6880507	124,000	419,320.66	0.05%
INMET MINING CORP COM NPV	IMN	2583026	7,400	418,426.99	0.05%
NATIXIS EUR1.60	N/A	B1HDJL2	105,967	408,283.84	0.05%
CAIXABANK	N/A	B283W97	104,456	406,897.09	0.05%
MEIJI HOLDINGS CO LTD NPV	N/A	B60DQV3	9,200	403,075.15	0.05%
METHANEX CORP COM NPV	MX	2654416	12,300	400,525.34	0.05%
BANCO DE SABADELL SA NEW EUR0.125 (POST SPLIT 2007	N/A	B1X8QN2	144,835	394,670.71	0.05%
TREASURY WINE ESTATES LTD NPV	N/A	B61JC67	90,625	386,064.31	0.05%
OBAYASHI CORP NPV	1802.T	6656407	86,000	376,671.44	0.05%
INVESTEC PLC ORD GBP0.0002	INVP	B17BBQ5	59,130	361,784.82	0.04%
JTEKT CORP NPV	647300	6497082	29,500	357,097.03	0.04%
TAISEI CORP NPV	1801.T	6870100	136,000	355,840.07	0.04%
MAZDA MOTOR CORP NPV	726100	6900308	201,000	356,041.97	0.04%
WHARF(HLDGS) HKD1	0004.HK	6435576	65,000	354,438.67	0.04%
SIMS METAL MANAGEMENT LTD ORD NPV	N/A	B0LCW75	23,132	353,348.60	0.04%
MITSUBISHI GAS CHEMICAL CO INC NPV	418200	6596923	51,000	343,158.72	0.04%
TDC A/S DKK1	TLD.CO	5698790	46,712	340,272.80	0.04%
J FRONT RETAILING CO LTD NPV	N/A	B23TC12	60,000	336,942.01	0.04%
DEUTSCHE LUFTHANSA AG NPV	LHA	5287488	24,115	337,213.40	0.04%
LONZA GROUP AG CHF1(REGD)	N/A	7333378	6,426	332,123.05	0.04%
HUSQVARNA SER'B'NPV	N/A	B12PJ24	54,938	331,518.47	0.04%
MITSUI CHEMICALS INC NPV	418300	6597368	108,000	329,385.91	0.04%
HACHIJUNI BANK NPV	835900	6400626	55,000	325,457.52	0.04%
ERICSSON NPV SER'A'	N/A	5957480	31,016	316,692.61	0.04%
SHIMIZU CORP NPV	1803.T	6804400	78,000	313,858.39	0.04%
AGNICO EAGLE MINES COM NPV	AEM	008474108	9,200	307,096.00	0.04%
PROGRESSIVE WASTE SOLUTIONS LTD	BIN	B3DJGB7	14,100	306,328.14	0.04%
AMADA CO NPV	6113.T	6022105	45,000	305,623.50	0.04%
PRECISION DRILLING CORPORATION NPV	N/A	B5YPLH9	30,300	304,382.17	0.04%
QANTAS AIRWAYS NPV	QAN.AX	6710347	164,155	304,099.62	0.04%
NISSHIN SEIFUN GROUP INC NPV	2002.T	6640961	25,000	303,789.86	0.04%
IMERYS SA EUR2	N/A	B011GL4	4,838	294,496.32	0.04%
NIPPON MEAT PACKERS INC NPV	2282.T	6640767	23,000	293,672.16	0.04%
PAN AMERICAN SILVER CORP COM NPV	PAA	2669272	13,200	291,274.75	0.04%
TOYO SEIKAN KAISHA NPV	5901.T	6900267	20,100	291,072.02	0.04%
IDEMITSU KOSAN CO NPV	N/A	B1FF8P7	2,900	290,179.73	0.04%
CALTEX AUSTRALIA NPV	CTX	6161503	19,926	286,708.09	0.03%
SALZGITTER AG ORD NPV	SZG	5465358	5,214	286,142.45	0.03%
SOJITZ CORP NPV	N/A	6594143	156,500	281,215.92	0.03%
GROUPE AEROPLAN INC COM NPV	AER	B3B9M11	22,600	279,370.39	0.03%
TAKASHIMAYA CO NPV	8233.T	6870401	33,000	275,536.98	0.03%
ERSTE GROUP BANK AG	065201	5289837	11,881	274,542.05	0.03%
GUNMA BANK NPV	8334.T	6398088	51,000	273,962.11	0.03%
SUZUKEN CO NPV	9987.T	6865560	8,800	272,200.85	0.03%
BANK OF IRELAND(GOVERNOR & CO OF) ORD EUR0.05	BKIR	3060625	1,639,371	271,093.15	0.03%
MEDA AB SER'A'NPV	N/A	B1VYK30	27,934	266,487.36	0.03%
SBI HLDGS INC NPV	N/A	6309466	2,796	266,892.88	0.03%
STORA ENSO OYJ SER'R'NPV	STERV.H	5072673	35,382	263,075.88	0.03%
MEDIASET SPA EUR0.52	MS.MI	5077946	95,473	263,162.33	0.03%
NIPPON PAPER GROUP INC NPV	N/A	6334781	12,400	258,879.40	0.03%
KAMIGUMI CO NPV	9364.T	6482668	31,000	257,393.65	0.03%
KEPPEL LAND NPV	N/A	6853468	93,000	257,299.23	0.03%
REXEL EUR5	N/A	B1VP0K0	11,657	257,041.52	0.03%
NTN CORP NPV	647200	6651189	60,000	256,372.71	0.03%
ENSIGN ENERGY SERVICES INC COM NPV	ESI	2317623	17,200	257,107.62	0.03%
YAMAGUCHI FINANCIAL GROUP INC NPV	N/A	B1DGKS9	27,000	246,289.28	0.03%
PROGRESS ENERGY RESOURCES CORP	PRQ	B01TLW4	24,500	245,626.35	0.03%
SEIKO EPSON CORP NPV	N/A	6616508	17,300	245,179.41	0.03%
UNY CO NPV	8270.T	6918624	22,400	244,149.38	0.03%
DENKI KAGAKU KOGYO KK NPV	406100	6309820	60,000	242,089.15	0.03%
SHINSEI BANK NPV	N/A	6730936	182,000	239,588.43	0.03%
NISHI-NIPPON CITY BANK NPV	N/A	6639721	84,000	237,862.14	0.03%
MEDIPAL HOLDINGS CORPORATION	7459.T	6782090	18,300	238,102.10	0.03%
BOLLORE SA EUR16	N/A	4572709	1,136	236,363.14	0.03%
FAIRFAX MEDIA LIMITED NPV	FXJ	6467074	312,831	235,480.00	0.03%
MARUI GROUP CO LTD NPV	8252.T	6569527	27,900	233,900.93	0.03%
ALFRESA HOLDINGS CORP NPV	N/A	6687214	4,900	233,590.70	0.03%
DAICEL CORPORATION	420200	6250542	36,000	233,194.82	0.03%
MITSUBISHI TANABE PHARMA CORP NPV	450800	6870984	16,500	232,342.38	0.03%
ACCIONA SA EUR1	N/A	5579107	3,299	229,967.74	0.03%
VENTURE CORPORATION NPV	VENM.SI	6927374	33,000	224,296.54	0.03%
ALUMINA NPV	AWC.AU	6954985	173,639	222,951.08	0.03%
LUNDBECK(H) A/S DKK5	N/A	7085259	11,001	221,109.05	0.03%
MONDI PLC ORD EUR0.20	MNDI	B1CRLC4	23,281	219,884.30	0.03%
QUEBECOR INC CLASS'B'SUBORD VTG NPV	QBR.B	2715777	5,700	219,896.74	0.03%
EMPIRE CO CLASS'A'N.VTG NPV	EMP.A	2314000	3,800	219,439.57	0.03%
BANK OF QUEENSLAND LTD ORD NPV	N/A	6076243	28,943	219,049.24	0.03%
CASIO COMPUTER CO NPV	6952.T	6178967	29,600	213,337.47	0.03%
KANEKA CORP NPV	4118.T	6483360	35,000	212,316.59	0.03%
YAMAHA CORP NPV	7951.T	6642387	19,800	207,280.49	0.03%
COSMO OIL CO NPV	500700	6226338	74,000	206,489.39	0.03%
CELESIO AG NPV	CLS1	5105182	11,017	199,391.76	0.02%
NIPPON SHOKUBAI CO NPV	411400	6470588	17,000	198,168.36	0.02%
77TH BANK NPV	8341.T	6804165	44,000	195,130.88	0.02%
TRANSALTA CORP COM NPV	TA	2901628	10,000	187,478.07	0.02%
PETROBAKKEN ENERGY LTD NPV A	N/A	B4NCN45	11,100	184,842.35	0.02%
HAKUHODO DY HLDGS INC NPV	N/A	B05LZ02	2,910	183,809.28	0.02%
BANK HAPOALIM B.M. ILS1	POLI.TA	6075808	49,526	183,713.59	0.02%
MITSUBISHI LOGISTICS CORP NPV	9301.T	6596848	15,000	178,411.25	0.02%
TOSOH CORP NPV	4042.T	6900289	63,000	176,668.04	0.02%
URANIUM ONE INC COM NPV	UUU	B0V23L6	63,200	175,511.55	0.02%
ISRAEL DISCOUNT BANK ILS0.1	N/A	6451271	132,044	176,002.03	0.02%
NIPPON SHEET GLASS CO NPV	5202.T	6641447	113,000	174,727.18	0.02%
NAGASE & CO NPV	8012.T	6619820	13,800	171,518.18	0.02%
NISSHINBO HOLDINGS INC NPV	310500	6642923	18,000	171,525.93	0.02%
WACOAL HOLDINGS CORP NPV	3591.T	6932204	14,000	166,272.74	0.02%
LLOYDS BANKING GROUP PLC ADR EACH REP 4 ORD	LYG	539439109	76,917	163,064.04	0.02%
CLARIANT CHF4.00	N/A	7113990	11,693	161,296.03	0.02%
SULZER AG CHF0.01	SULZ_N.	4854719	1,124	159,729.58	0.02%
TOYODA GOSEI NPV	728200	6900557	8,100	159,636.92	0.02%
SEVEN GROUP HLDGS LTD NPV	N/A	B432QW4	15,028	155,199.11	0.02%
YAMATO KOGYO CO NPV	N/A	6985446	5,300	155,589.14	0.02%
HARVEY NORMAN HLDGS NPV	N/A	6173508	74,368	155,004.52	0.02%
SUMITOMO FORESTRY CO NPV	1911.OS	6858861	16,600	151,524.60	0.02%
SHOWA SHELL SEKIYU KK NPV	5002.T	6805544	23,500	150,752.27	0.02%
EDP RENOVAVEIS SA EUR5	N/A	B39GNW2	30,257	150,379.66	0.02%
LUNDIN MINING CORP COM STK NPV	SAA	2866857	33,000	147,887.11	0.02%
NISSHIN STEEL CO NPV	540700	6641641	87,000	147,430.28	0.02%
AUTOBACS SEVEN CO NPV	9832.OS	6068422	3,000	144,745.35	0.02%
LOBLAW COS COM STK NPV	N/A	2521800	4,200	143,249.29	0.02%
COMSYS HOLDINGS CORP NPV	N/A	6687247	12,800	139,294.44	0.02%
SEINO HOLDINGS CO NPV	907600	6793423	19,000	137,973.09	0.02%
HOUSE FOODS CORPORATION NPV	2810.T	6440503	8,000	137,172.07	0.02%
MARINE HARVEST ASA NOK0.75	N/A	B02L486	260,960	134,719.06	0.02%
COCA-COLA WEST CO LTD NPV	257900	6163286	7,600	133,841.84	0.02%
NEPTUNE ORIENT LINES NPV B/L 250	NEPS.SI	6628859	118,000	133,027.46	0.02%
KINDEN CORP NPV	1944.OS	6492924	17,000	131,663.24	0.02%
WESTON(GEORGE) COM NPV	WN	2956662	2,000	126,983.81	0.02%
STOREBRAND ASA 'A'NOK5	STB.OL	4852832	24,739	125,212.30	0.02%
HONG KONG & SHANGHAI HOTELS ORD HKD0.50	45	6436386	89,000	121,113.08	0.01%
SVENSKA CELLULOSA AB-SCA SER'A'NPV	N/A	B1VVGV1	6,958	120,189.75	0.01%
KESKO OYJ NPV SER'B'	KESBV.H	4490005	3,616	117,309.41	0.01%
GENWORTH MI CANADA INC NPV	N/A	B3NWJQ2	5,200	115,370.19	0.01%
SSAB AB	N/A	B17H0S8	11,623	109,990.80	0.01%
NIPPON TELEVISION NETWORK CORP NPV	9404.T	6644060	680	109,368.20	0.01%
PARMALAT S.P.A EUR1	N/A	B09RG69	43,515	108,691.48	0.01%
FUJI MEDIA HOLDINGS INC	4676.T	6036582	62	107,042.29	0.01%
CANON MARKETING JAPAN INC NPV	N/A	6172453	7,600	97,989.85	0.01%
FUKUYAMA TRANSPORTING CO NPV	907500	6357120	18,000	98,177.09	0.01%
SKY PERFECT JSAT HOLDINGS INC NPV	N/A	B1TK234	215	95,160.87	0.01%
H2O RETAILING CORP NPV	824200	6408705	11,000	95,723.75	0.01%
NISSAN SHATAI CO NPV	722200	6642901	9,000	94,535.50	0.01%
CERMAQ ASA NOK10	N/A	B0LX580	7,037	92,710.35	0.01%
NICE SYSTEMS ADR EACH REPR 1 ORD ILS1	NICE	653656108	2,372	93,219.60	0.01%
HITACHI CAPITAL CORP NPV	858600	6429159	6,200	92,897.79	0.01%
HOPEWELL HLDGS HKD2.50	54	6140290	31,000	85,137.92	0.01%
NESTE OIL NPV	N/A	B06YV46	6,682	82,271.43	0.01%
OVERSEAS UNION ENTERPRISES NPV	N/A	6663827	42,000	78,537.18	0.01%
STOLT-NIELSEN LTD USD1	N/A	B4PKZG3	4,020	76,100.34	0.01%
CIMENTS FRANCAIS 'A'EUR4	N/A	4199540	1,063	76,124.66	0.01%
HUSQVARNA SER'A'NPV	N/A	B12V0C9	12,546	75,198.86	0.01%
TOKYO BROADCASTING SYSTEM HOLDINGS INC NPV	9401.T	6894166	4,800	71,887.62	0.01%
BANCO POPOLARE SOCIETA COOPERATIVA EUR	N/A	B1Z9G88	37,162	70,477.53	0.01%
AGEAS NV NPV	N/A	7266139	31,986	70,354.73	0.01%
BW OFFSHORE LTD COM STK USD0.01	N/A	B13V1Q9	47,629	63,499.35	0.01%
BANCO ESPANOL DE CREDITO EUR0.79(REGD)	N/A	4072919	11,505	55,175.27	0.01%
CITIZEN HOLDINGS CO LTD NPV	7762.T	6197304	8,200	52,292.32	0.01%
KIRIN HLDGS CO LTD NPV	2503.T	6493745	4,000	52,084.61	0.01%
RAIFFEISEN BANK INTL AG NPV (REGD)	N/A	B0704T9	1,456	51,543.70	0.01%
BANK OF QUEENSLAND PLACEMENT	N/A	B7JTPW3	6,771	51,060.03	0.01%
ORIENT OVERSEAS INT USD0.1	N/A	6659116	7,000	49,821.13	0.01%
SANKYO CO NPV	6417.T	6775432	1,000	49,212.55	0.01%
INDOFOOD AGRI RESOURCES LTD NPV (POST SPLIT)	N/A	B1QNF48	39,000	48,284.36	0.01%
CATHAY PACIFIC AIRWAYS HKD0.20	293.HK	6179755	26,000	48,183.14	0.01%
EBARA CORP NPV	6361.T	6302700	13,000	47,037.97	0.01%
KAWASAKI KISEN KAISHA NPV	910700	6484686	19,000	42,235.94	0.01%
ELBIT SYSTEMS ILS1	N/A	6308913	1,030	40,233.00	0.00%
BANCA MONTE DEI PASCHI DI SIENA NPV	N/A	7128541	87,448	36,875.30	0.00%
SWISS LIFE HOLDING AG CHF17(EXH OFFER)	N/A	7437805	313	37,246.66	0.00%
TOKYO TATEMONO CO NPV	N/A	6895426	7,000	28,653.92	0.00%
RWE AG(NEU) NPV'A'	RWE	4768962	523	24,975.41	0.00%
IAMGOLD CORP COM NPV	IMG	2446646	1,800	23,965.11	0.00%
ROCKWOOL INTERNATIONAL 'B'SHS DKK10	N/A	4713490	239	22,909.96	0.00%
BANCO POPULAR ESPANOL EUR0.10 (INTERIM)	N/A	B7FM720	1,741	6,246.10	0.00%
SSAB AB SER'B'NPV	N/A	B17H3F6	586	4,800.84	0.00%

Holding	Ticker	Security No	Shares	Market Value	Percent
HSBC HLDGS ADR EACH REPR 5 USD0.50	HBC	404280406	383,500	17,035,070.00	2.10%
BP AMOCO P.L.C ADR-EACH CNV INTO 6 ORD USD0.25	BP	055622104	336,256	15,857,832.96	1.95%
VODAFONE GROUP SPON ADR REP 10 ORD SHS	VOD	92857W209	571,550	15,483,289.50	1.91%
ROYAL DUTCH SHELL 'A'ORD EUR0.07	RDSA	B03MLX2	389,900	14,187,093.05	1.75%
VODAFONE GROUP ORD USD0.11428571	VOD	B16GWD5	5,191,289	13,984,926.80	1.72%
E.ON AG NPV	EOAN	4942904	603,998	13,846,825.79	1.70%
FIDELITY INSTITUTIONAL MMKT PORTFOLIO INST CLASS -	N/A	89199B034	12,713,924	12,713,923.65	1.57%
BANCO SANTANDER SA EUR0.50	SCH.MC	5705946	1,397,692	11,569,628.11	1.42%
BNP PARIBAS EUR2	N/A	7309681	236,679	11,518,366.99	1.42%
GDF SUEZ EUR1	N/A	B0C2CQ3	442,846	11,423,393.58	1.41%
SUMITOMO MITSUI FINANCIAL GROUP INC NPV	N/A	6563024	335,137	11,374,772.40	1.40%
HUTCHISON WHAMPOA HKD0.25	0013.HK	6448068	1,124,000	11,119,053.85	1.37%
NORDEA BANK AB NPV	N/A	5380031	1,107,168	10,670,081.45	1.31%
BAYER AG NPV	BAY	5069211	140,811	10,416,059.43	1.28%
ERICSSON LM-B SHS NPV	LMEB.ST	5959378	1,031,262	10,331,377.78	1.27%
HSBC HLDGS ORD USD0.50	HSBA	0540528	1,157,119	10,251,563.02	1.26%
MITSUBISHI UFJ FINANCIAL GROUP ORD NPV	N/A	6335171	1,956,200	10,109,867.03	1.24%
SUMITOMO CORP NPV	8053.T	6858946	659,400	9,787,251.32	1.21%
BP ORD USD0.25	BP.	0798059	1,171,598	9,167,276.05	1.13%
ALLIANZ SE ORD SHS NPV(REGD)	ALV	5231485	75,266	9,127,978.92	1.12%
SWISS RE LTD CHF0.10	N/A	B545MG5	153,386	9,112,497.64	1.12%
DAIMLER AG ORD NPV(REGD)	DAI	5529027	150,187	9,077,553.69	1.12%
SUNCOR ENERGY INC(NEW) NPV	SU	B3NB1P2	251,700	9,061,149.12	1.12%
PRUDENTIAL GBP0.05	PRU	0709954	785,414	8,910,585.92	1.10%
ENI EUR1	N/A	7145056	378,715	8,710,201.13	1.07%
UBS AG CHF0.10	N/A	B18YFJ4	582,589	8,158,942.90	1.00%
ING GROEP N.V. CVA EUR0.24	N/A	7154182	920,783	8,114,523.70	1.00%
AUSTRALIA & NEW ZEALAND BANK GROUP NPV	ANZ.AX	6065586	342,543	8,013,033.82	0.99%
COMPAGNIE DE ST-GOBAIN EUR4	N/A	7380482	168,054	7,955,864.62	0.98%
BARCLAYS ADR-EACH REP 4 ORD STK GBP0.25(JPM)	BCS	06738E204	504,159	7,849,755.63	0.97%
XSTRATA PLC COM STK USD0.50	XTA	3141100	410,619	7,838,289.27	0.97%
DEUTSCHE BANK AG ORD NPV(REGD)	DBK	5750355	157,098	7,330,872.16	0.90%
BRITISH AMERICAN TOBACCO ORD GBP0.25	BATS	0287580	145,168	7,322,340.31	0.90%
SAMSUNG ELECTRONICS CO KRW5000	05930.K	6771720	6,778	7,288,816.62	0.90%
NISSAN MOTOR CO NPV	7201.T	6642860	694,700	7,166,160.18	0.88%
GLAXOSMITHKLINE ORD GBP0.25	GSK	0925288	322,203	7,119,991.13	0.88%
BANCO BILBAO VIZCAYA ARGENTARIA SA EUR0.49	BBVA.MC	5501906	785,100	7,028,515.95	0.87%
SCHNEIDER ELECTRIC EUR8	SCHN.PA	4834108	103,416	7,000,883.65	0.86%
UPM-KYMMENE OYJ NPV	UPM1V.H	5051252	499,625	6,883,997.80	0.85%
JAPAN TOBACCO INC NPV	2914.T	6474535	1,293	6,869,032.87	0.85%
EADS(EURO AERONAUTIC DEFENCE SPACE) EUR1	N/A	4012250	188,626	6,830,664.22	0.84%
HONDA MOTOR CO NPV	7267.T	6435145	173,800	6,675,274.35	0.82%
ROCHE HLDG AG GENUSSCHEINE NPV	N/A	7110388	37,912	6,598,758.52	0.81%
ARCELORMITTAL SA NPV	N/A	B03XPL1	313,036	6,597,775.23	0.81%
BARCLAYS ORD GBP0.25	BARC	3134865	1,683,423	6,518,721.32	0.80%
SANOFI EUR2	SASY.PA	5671735	85,682	6,338,140.33	0.78%
JX HLDGS INC NPV	N/A	B627LW9	989,600	6,217,741.72	0.77%
CREDIT SUISSE GROUP AG CHF0.04	N/A	7171589	231,476	6,212,611.15	0.76%
NIPPON TEL & TEL CORP NPV	9432.T	6641373	131,100	6,171,189.25	0.76%
SOLVAY S.A. NPV	SOLB_T.	4821100	50,095	6,155,033.18	0.76%
SNAM SPA	N/A	7251470	1,232,538	5,969,803.53	0.74%
BASF SE NPV	BAS	5086577	65,232	5,726,952.07	0.71%
CENTRICA PLC ORD GBP0.0617284	CNA	B033F22	1,171,480	5,650,461.09	0.70%
SODEXO EUR4	N/A	7062713	72,813	5,589,647.49	0.69%
CANON INC NPV	7751.T	6172323	120,800	5,508,871.39	0.68%
DEUTSCHE TELEKOM AG NPV(REGD)	DTE	5842359	459,863	5,348,754.25	0.66%
MITSUBISHI CORP SHS COM STK NPV	8058.T	6596785	215,900	5,305,805.31	0.65%
WESFARMERS ORD NPV	WES.AX	6948836	169,684	5,276,931.57	0.65%
FUJITSU NPV	6702.T	6356945	955,000	5,195,497.39	0.64%
CHINA CONSTRUCTION BANK CNY1 'H'	N/A	B0LMTQ3	6,056,000	5,061,841.41	0.62%
KINGFISHER ORD GBP0.157142857	KGF	3319521	1,108,901	5,010,586.33	0.62%
HOLCIM CHF2(REGD)	N/A	7110753	76,653	5,000,278.71	0.62%
FRANCE TELECOM EUR4	FTE.PA	5176177	321,387	4,900,330.47	0.60%
INTERCONTINENTAL HOTELS GROUP ORD GBP0.13617	IHG	B1WQCS4	210,754	4,788,498.63	0.59%
VIVENDI EUR5.5	EAUG.PA	4834777	217,906	4,670,669.67	0.58%
BAYERISCHE MOTOREN WERKE AG EUR1	BMW	5756029	50,545	4,667,123.13	0.57%
VOLKSWAGEN AG NON.V PRF NPV	VOW3	5497168	24,744	4,619,697.50	0.57%
DEUTSCHE BOERSE AG NPV	DB1	7021963	68,819	4,569,029.23	0.56%
INTERNATIONAL POWER ORD GBP0.50	IPR	0632016	820,608	4,511,690.35	0.56%
CNOOC HKD0.02	N/A	B00G0S5	1,928,000	4,377,733.03	0.54%
LLOYDS BANKING GROUP PLC ORD GBP0.10	LLOY	0870612	7,633,551	4,249,528.38	0.52%
KDDI CORPORATION NPV	9433.T	6248990	669	4,247,295.49	0.52%
UNICREDIT SPA EUR0.50	N/A	B5M1SM3	799,097	4,144,574.04	0.51%
ASAHI GROUP HOLDINGS LTD	2502.T	6054409	178,800	3,916,977.98	0.48%
REPSOL YPF SA EUR1	REP.MC	5669354	148,038	3,855,379.77	0.47%
TECK RESOURCES LTD CLASS'B'SUB-VTG COM NPV	TCK.B	2879327	93,000	3,723,947.65	0.46%
TEVA PHARMACEUTICAL INDUSTRIES ADR EACH CNV INTO 1	TEVA	881624209	83,016	3,719,946.96	0.46%
MARUBENI CORP NPV	8002.T	6569464	510,000	3,646,635.31	0.45%
BRIDGESTONE CORP NPV	5108.T	6132101	148,800	3,589,420.03	0.44%
SABMILLER ORD USD0.10	SAB	0483548	87,271	3,534,177.87	0.44%
UNILEVER NV CVA EUR0.16	N/A	B12T3J1	103,249	3,433,056.78	0.42%
SONY CORP COM STK NPV	6758.T	6821506	155,800	3,362,761.51	0.41%
TELECOM CORP OF NEW ZEALAND NPV	TEL.NZ	6881436	1,825,160	3,258,326.78	0.40%
PANASONIC CORP NPV	6752.T	6572707	343,000	3,232,615.65	0.40%
MITSUBISHI ELECTRIC CORP NPV	6503.T	6597045	354,000	3,190,862.44	0.39%
EAST JAPAN RAILWAY CO NPV	9020.T	6298542	49,400	3,162,150.35	0.39%
BT GROUP ORD GBP0.05	BT.A	3091357	876,953	2,985,674.82	0.37%
FIRST QUANTUM MINERALS COM NPV	N/A	2347608	128,638	2,943,417.37	0.36%
WPP PLC ORD GBP0.10	WPP	B3DMTY0	229,038	2,918,607.70	0.36%
EXPERIAN PLC ORD USD0.10	EXPN	B19NLV4	188,520	2,828,406.29	0.35%
EURO STOXX 50 FUTURE MAR2012 16/MAR/2012(VGH2)	N/A	VGH2IDX	830	2,775,580.56	0.34%
MANULIFE FINANCIAL CORP COM NPV	MFC	2492519	220,100	2,753,891.56	0.34%
KT CORP ADR EACH REPR 1/2 ORD KRW5000	KT	48268K101	185,648	2,730,882.08	0.34%
ORIGIN ENERGY LTD NPV	ORG.AX	6214861	183,209	2,664,730.20	0.33%
OLD MUTUAL ORD GBP0.10	OML	0738992	1,029,631	2,601,554.68	0.32%
NOMURA HLDGS INC NPV	8604.T	6643108	557,700	2,591,972.84	0.32%
AVIVA ORD GBP0.25	AV.	0216238	440,470	2,577,723.59	0.32%
SUEZ ENVIRONNEMENT CO EUR4	N/A	B3B8D04	176,162	2,571,211.81	0.32%
FTSE 100 IDX FUT FUTURE MAR2012 16/MAR/2012 (Z H2)	N/A	Z0H2IDX	270	2,514,115.14	0.31%
STANDARD CHARTERED ORD USD0.50	STAN	0408284	96,185	2,474,419.00	0.30%
MITSUI & CO NPV	8031.T	6597302	143,000	2,464,811.27	0.30%
AFRICAN BANK INVESTMENTS ZAR0.025	ABLJ.J	6040776	467,923	2,437,443.26	0.30%
SWEDBANK AB SER'A'NPV	FSPA_A.	4846523	142,071	2,433,453.72	0.30%
AMADA CO NPV	6113.T	6022105	326,000	2,296,043.24	0.28%
NIPPON STEEL CORP NPV	5401.T	6642569	784,000	2,270,908.37	0.28%
YAMANA GOLD INC COM NPV	N/A	2219279	120,100	2,085,318.11	0.26%
KYOCERA CORP NPV	6971.T	6499260	23,500	2,085,426.98	0.26%
AP MOLLER-MAERSK A/S 'B'DKK1000	DSAC_B.	4253048	252	2,026,578.95	0.25%
AKZO NOBEL NV EUR2	AKZO.AS	5458314	35,561	2,014,537.06	0.25%
KINROSS GOLD CORP COM STK NPV	N/A	B03Z841	177,200	1,961,028.85	0.24%
MICHELIN(CIE GLE DES ETABL.) EUR2(REGD)	MICP.PA	4588364	27,595	1,899,068.40	0.23%
ENCANA CORP COM NPV	N/A	2793193	90,900	1,852,083.48	0.23%
TELECOM ITALIA SPA(NEW) EUR0.55	N/A	7634394	1,585,645	1,821,535.59	0.22%
TALISMAN ENERGY INC COM NPV	TLM	2068299	132,400	1,819,839.30	0.22%
FUJIFILM HLDGS CORP NPV	4901.T	6356525	71,100	1,813,326.58	0.22%
THOMSON REUTERS CORP	TRI	2889371	58,800	1,706,147.86	0.21%
SUNCORP GROUP LTD NPV	SME	6585084	189,904	1,660,192.01	0.20%
SUN LIFE FINANCIAL INC COM NPV	SLF	2566124	75,470	1,658,974.68	0.20%
CARLSBERG 'B'DKK20	CARCB.C	4169219	20,909	1,642,667.35	0.20%
SKANDINAVISKA ENSKILDA BANKEN SER'A'NPV	SEB_A.S	4813345	214,356	1,603,626.59	0.20%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	HHPD	5758218	221,587	1,542,000.67	0.19%
JFE HOLDINGS INC NPV	N/A	6543792	70,800	1,531,412.87	0.19%
SOCIETE GENERALE EUR1.25	SOGN.PA	5966516	47,358	1,524,394.50	0.19%
SUMITOMO ELECTRIC INDUSTRIES NPV	5802.T	6858708	115,800	1,517,961.37	0.19%
RENAULT(REGIE NATIONALE DES USINES) ORD EUR3.81	013190	4712798	28,539	1,506,012.16	0.19%
NEXEN INC COM NPV	NXY	2172219	72,157	1,470,924.95	0.18%
MACQUARIE GROUP LTD NPV	N/A	B28YTC2	51,450	1,467,051.92	0.18%
HUSKY ENERGY INC COM NPV	HSE	2623836	53,900	1,456,108.95	0.18%
PENN WEST PETROLEUM LTD NPV	N/A	B63FY34	66,500	1,452,387.69	0.18%
LAFARGE EUR4	LAFP.PA	4502706	30,668	1,423,771.72	0.18%
SVENSKA CELLULOSA AB-SCA SER'B'NPV	N/A	B1VVGZ5	75,711	1,350,581.36	0.17%
CAMECO CORP COM NPV	CCO	2166160	54,900	1,348,294.51	0.17%
HON HAI PRECISION INDUSTRY GDR EACH REP 2 SHS	N/A	B01D609	188,556	1,306,693.08	0.16%
GOLDCORP INC COM NPV	GG	380956409	26,431	1,281,903.50	0.16%
CARNIVAL ORD USD1.66	CCL	3121522	41,842	1,227,881.44	0.15%
MITSUBISHI CHEMICAL HLDGS CORP NPV	N/A	B0JQTJ0	208,500	1,209,708.40	0.15%
SHARP CORP NPV	6753.T	6800602	154,000	1,088,107.32	0.13%
THYSSENKRUPP AG NPV	TKA	5636927	40,244	1,085,997.34	0.13%
SUMITOMO METAL INDUSTRIES NPV	5405.T	6858827	517,000	1,082,767.83	0.13%
SAINSBURY(J) ORD GBP0.28 4/7	SBRY	B019KW7	228,158	1,081,491.19	0.13%
RESOLUTION LTD ORD NPV	RSL	B62W232	251,800	1,077,840.56	0.13%
HEIDELBERGCEMENT AG NPV	HEI	5120679	19,997	1,075,358.56	0.13%
DELHAIZE FRERES ET CIE(LE LION)SA NPV	DELB_T.	4262118	19,105	1,049,482.42	0.13%
REXAM ORD 64 2/7P	REX	0425045	157,717	1,039,916.95	0.13%
EDF EUR0.50	N/A	B0NJJ17	41,739	1,037,127.92	0.13%
AEGON NV EUR0.12	AEGN.AS	5927375	197,581	1,034,034.00	0.13%
KONINKLIJKE KPN NV EUR0.24	KPN.AS	5956078	94,276	1,020,281.72	0.13%
HENDERSON LAND DEVELOPMENT CO HKD2	0012.HK	6420538	162,000	1,012,847.53	0.12%
ROYAL BANK OF SCOTLAND GROUP PLC ADR EACH REPR 20	RBS	780097689	113,379	1,010,206.89	0.12%
SUBSEA 7 SA COM STK USD2	N/A	5258246	40,717	978,140.02	0.12%
CAPITALAND LTD NPV	N/A	6309303	397,000	974,836.01	0.12%
PETROPAVLOVSK PLC ORD GBP0.01	POG	3154454	84,666	965,165.69	0.12%
MAGNA INTERNATIONAL INC NPV	MG.A	2554475	20,100	957,413.71	0.12%
ORKLA ASA NOK1.25	N/A	B1VQF42	113,553	944,468.13	0.12%
BOUYGUES EUR1	BOUY.PA	4002121	29,166	923,936.85	0.11%
CAP GEMINI EUR8	CAPP.PA	4163437	21,009	921,655.33	0.11%
ADECCO SA CHF1(REGD)	N/A	7110720	17,825	892,613.51	0.11%
TDK CORP NPV	6762.T	6869302	16,300	855,690.72	0.11%
UCB S.A. NPV	UCBB_T.	5596991	20,746	836,876.52	0.10%
INCITEC PIVOT NPV	N/A	6673042	240,887	837,071.10	0.10%
NORSK HYDRO ASA NOK1.098	N/A	B11HK39	138,175	829,635.71	0.10%
NEW WORLD DEVELOPMENT CO HKD1	0017.HK	6633767	603,000	826,500.90	0.10%
VOLKSWAGEN AG ORD NPV	VOW	5497102	4,865	824,311.01	0.10%
RICOH CO NPV	775200	6738220	89,000	821,226.33	0.10%
CASINO GUICHARD-PERRACHON EUR1.53	CASP.PA	4178419	8,404	817,890.51	0.10%
ACCOR EUR3	ACCP.PA	5852842	22,309	782,728.59	0.10%
DAI NIPPON PRINTING CO NPV	7912.T	6250906	75,000	773,479.59	0.10%
AP MOLLER-MAERSK A/S 'A'DKK1000	N/A	4253059	100	766,576.47	0.09%
ASCIANO LTD NPV DFD 14/12/11(EX RIGHT)	N/A	B1YC5L4	144,259	762,086.41	0.09%
JS GROUP CORP NPV	5938.T	6900212	35,400	739,990.43	0.09%
ARKEMA EUR10	N/A	B0Z5YZ2	8,085	737,265.86	0.09%
SINGAPORE AIRLINES NPV	SIAL.SI	6811734	83,000	729,150.87	0.09%
SEKISUI HOUSE NPV	1928.T	6793906	77,000	726,921.44	0.09%
WOOD GROUP (JOHN) ORD GBP0.0428571(POST CONS)	WG.	B5N0P84	59,683	719,559.08	0.09%
STMICROELECTRONICS EUR1.04	N/A	5962332	94,521	700,506.33	0.09%
MITSUI O.S.K.LINES NPV	910400	6597584	152,000	694,773.49	0.09%
CANADIAN TIRE CORP CLASS'A'CUM NON VTG NPV	CTC.A	2172286	10,900	692,149.17	0.09%
GROUPE EUROTUNNEL SA EUR0.4	N/A	B292JQ9	79,586	689,695.45	0.08%
NEC CORP NPV	N/A	6640400	345,000	675,571.82	0.08%
ROHM CO NPV	6963.OS	6747204	12,800	647,106.98	0.08%
NIPPON SHEET GLASS CO NPV	5202.T	6641447	384,000	644,693.95	0.08%
HANKYU HANSHIN HLDGS INC NPV	N/A	6408664	152,000	642,837.96	0.08%
CGG VERITAS EUR0.40	012016	4215394	20,800	636,287.39	0.08%
AEON CO NPV	8267.T	6480048	49,300	627,237.57	0.08%
ENERPLUS CORP NPV	N/A	B584T89	25,500	616,979.13	0.08%
NIPPON YUSEN KK NPV	9101.T	6643960	203,000	608,359.24	0.07%
FUJI HEAVY INDUSTRIES NPV	727000	6356406	78,000	596,386.25	0.07%
TOPPAN PRINTING CO NPV	7911.T	6897024	75,000	590,360.13	0.07%
BOLIDEN AB NPV.	N/A	B1XCBX9	33,737	588,930.07	0.07%
TOLL HLDGS LTD NPV	N/A	6693749	95,467	578,310.58	0.07%
KOBE STEEL NPV	540600	6496023	331,000	575,491.38	0.07%
TOYOTA TSUSHO CORP NPV	N/A	6900580	28,200	567,219.39	0.07%
VITERRA INC NEW COM NPV	VT	B06WVL7	51,900	561,251.20	0.07%
ISETAN MITSUKOSHI HLDGS LTD NPV	N/A	B2Q4CL4	49,700	560,696.08	0.07%
ARYZTA AG CHF0.02	N/A	B39VJC9	11,242	558,352.00	0.07%
KAZAKHMYS GBP0.20(USD)	KAZ	B0HZPV3	31,505	554,641.39	0.07%
BANCO POPULAR ESPANOL EUR0.10	N/A	B0BV6K3	134,074	549,941.68	0.07%
THALES EUR3	TCFP.PA	4162791	15,196	546,923.75	0.07%
OZ MINERALS LTD NPV	OXR	6397825	46,597	543,271.48	0.07%
BANK LEUMI LE-ISRAEL B.M. ORD ILS1	LUMI.TA	6076425	187,404	539,149.07	0.07%
KONICA MINOLTA HOLDINGS INC NPV	4902.T	6496700	63,500	537,624.84	0.07%
COCA-COLA HBC S.A. EUR1.50	HLB.AT	4420723	28,457	534,007.32	0.07%
COMMERZBANK AG ORD NPV	CBK	4325538	212,223	533,035.68	0.07%
EURASIAN NATURAL RESOURCES CORP USD0.20(USD)	ENRC	B29BCK1	47,663	528,746.22	0.07%
GOLDEN AGRI RESOURCES USD0.025	N/A	6164472	897,000	521,671.51	0.06%
UNIONE DI BANCHE ITALIANE SCPA EUR2.5	N/A	7622225	112,295	520,470.98	0.06%
WHEELOCK & CO HKD0.50	0020.HK	6981488	151,000	517,431.81	0.06%
PENGROWTH ENERGY CORP NPV	N/A	B67M828	50,468	514,651.70	0.06%
LAGARDERE GROUP S.C.A. EUR6.10(REGD)	LAGA.PA	4547213	17,071	510,292.49	0.06%
TATTS GROUP LTD NPV	N/A	B0CRCP7	197,896	504,125.80	0.06%
INMET MINING CORP COM NPV	IMN	2583026	7,400	502,432.66	0.06%
NIPPON ELECTRIC GLASS NPV	N/A	6642666	53,000	499,614.31	0.06%
BALOISE HOLDING AG CHF0.1	N/A	7124594	6,242	492,162.47	0.06%
CAIXABANK	N/A	B283W97	104,456	491,302.94	0.06%
BORAL LTD NPV	BLD.AX	6218670	104,359	490,836.72	0.06%
MITSUBISHI MATERIALS CORP NPV	5711.T	6597089	149,000	482,912.98	0.06%
BENDIGO & ADELAIDE BANK LTD ORD NPV	N/A	6091280	57,594	476,293.38	0.06%
PORTUGAL TELECOM SGPS SA EUR0.03(REGD)	PTCO.IN	5817186	91,521	471,969.55	0.06%
BANCO DE SABADELL SA NEW EUR0.125 (POST SPLIT 2007	N/A	B1X8QN2	144,835	468,211.68	0.06%
INTERNATIONAL CONSOLIDATED AIRL GRP ORD EUR0.50	IAG	B5M6XQ7	179,295	467,628.84	0.06%
FIAT SPA EUR3.5	FIA.MI	5748521	79,696	459,372.62	0.06%
PETROLEUM GEO SERVICES ASA NOK3	N/A	B1L7YL5	30,149	458,812.67	0.06%
FUKUOKA FINANCIAL GROUP INC. NPV	N/A	B1TK1Y8	103,000	448,895.93	0.06%
FLETCHER BUILDING NPV	N/A	6341606	81,930	445,579.51	0.05%
ECHO ENTERTAINMENT NPV	N/A	B3SVQF2	96,329	442,414.27	0.05%
NIPPON EXPRESS CO COM NPV	9062.T	6642127	112,000	441,312.22	0.05%
CREDIT AGRICOLE EUR3	N/A	7262610	68,185	435,470.86	0.05%
TEIJIN NPV	3401.T	6880507	124,000	416,702.95	0.05%
RESEARCH IN MOTION COM NPV	N/A	2117265	29,037	411,732.89	0.05%
MEIJI HOLDINGS CO LTD NPV	N/A	B60DQV3	9,200	390,430.98	0.05%
OBAYASHI CORP NPV	1802.T	6656407	86,000	385,971.58	0.05%
METHANEX CORP COM NPV	MX	2654416	12,300	385,614.23	0.05%
NATIXIS EUR1.60	N/A	B1HDJL2	105,967	382,221.81	0.05%
SIMS METAL MANAGEMENT LTD ORD NPV	N/A	B0LCW75	23,132	379,714.77	0.05%
INVESTEC PLC ORD GBP0.0002	INVP	B17BBQ5	59,130	375,808.84	0.05%
TREASURY WINE ESTATES LTD NPV	N/A	B61JC67	90,625	375,869.88	0.05%
MITSUI CHEMICALS INC NPV	418300	6597368	108,000	371,620.11	0.05%
TDC A/S DKK1	TLD.CO	5698790	46,712	369,581.97	0.05%
PRECISION DRILLING CORPORATION NPV	N/A	B5YPLH9	30,300	366,864.42	0.05%
TAISEI CORP NPV	1801.T	6870100	136,000	358,542.00	0.04%
INPEX CORPORATION NPV	N/A	B10RB15	48	340,585.84	0.04%
JTEKT CORP NPV	647300	6497082	29,500	335,807.63	0.04%
DEUTSCHE LUFTHANSA AG NPV	LHA	5287488	24,115	334,899.14	0.04%
AGNICO EAGLE MINES COM NPV	AEM	008474108	9,200	333,960.00	0.04%
LONZA GROUP AG CHF1(REGD)	N/A	7333378	6,426	334,136.16	0.04%
MAZDA MOTOR CORP NPV	726100	6900308	201,000	334,408.99	0.04%
HUSQVARNA SER'B'NPV	N/A	B12PJ24	54,938	330,102.69	0.04%
PAN AMERICAN SILVER CORP COM NPV	PAA	2669272	13,200	330,183.44	0.04%
MITSUBISHI GAS CHEMICAL CO INC NPV	418200	6596923	51,000	323,719.72	0.04%
HACHIJUNI BANK NPV	835900	6400626	55,000	322,921.12	0.04%
SALZGITTER AG ORD NPV	SZG	5465358	5,214	318,248.14	0.04%
SHIMIZU CORP NPV	1803.T	6804400	78,000	313,289.68	0.04%
ERICSSON(LM)TEL SER'A' NPV	N/A	5957480	31,016	310,083.25	0.04%
ENSIGN ENERGY SERVICES INC COM NPV	ESI	2317623	17,200	306,469.25	0.04%
J FRONT RETAILING CO LTD NPV	N/A	B23TC12	60,000	303,379.37	0.04%
QANTAS AIRWAYS NPV	QAN.AX	6710347	164,155	303,395.00	0.04%
IDEMITSU KOSAN CO NPV	N/A	B1FF8P7	2,900	299,150.95	0.04%
NISSHIN SEIFUN GROUP INC NPV	2002.T	6640961	25,000	299,367.15	0.04%
ERSTE GROUP BANK AG	065201	5289837	11,881	298,024.12	0.04%
NIPPON MEAT PACKERS INC NPV	2282.T	6640767	23,000	296,346.82	0.04%
TOYO SEIKAN KAISHA NPV	5901.T	6900267	20,100	295,034.64	0.04%
BANK OF IRELAND(GOVERNOR & CO OF) ORD EUR0.05	BKIR	3060625	1,639,371	294,574.15	0.04%
CALTEX AUSTRALIA NPV	CTX	6161503	19,926	293,640.70	0.04%
IMERYS SA EUR2	N/A	B011GL4	4,838	291,787.21	0.04%
SOJITZ CORP NPV	N/A	6594143	156,500	291,319.82	0.04%
PROGRESSIVE WASTE SOLUTIONS LTD	BIN	B3DJGB7	14,100	290,421.95	0.04%
MITSUBISHI HEAVY INDUSTRIES NPV	7011.T	6597067	61,000	287,253.01	0.04%
GROUPE AEROPLAN INC COM NPV	AER	B3B9M11	22,600	283,228.06	0.03%
MEDIASET SPA EUR0.52	MS.MI	5077946	95,473	282,371.64	0.03%
GUNMA BANK NPV	8334.T	6398088	51,000	275,117.57	0.03%
SBI HLDGS INC NPV	N/A	6309466	2,796	270,601.40	0.03%
PROGRESS ENERGY RESOURCES CORP	PRQ	B01TLW4	24,500	268,164.13	0.03%
FAIRFAX MEDIA LIMITED NPV	FXJ	6467074	312,831	266,822.99	0.03%
NIPPON PAPER GROUP INC NPV	N/A	6334781	12,400	266,227.73	0.03%
KAMIGUMI CO NPV	9364.T	6482668	31,000	265,812.87	0.03%
STORA ENSO OYJ SER'R'NPV	STERV.H	5072673	35,382	265,153.73	0.03%
MEDA AB SER'A'NPV	N/A	B1VYK30	27,934	263,747.63	0.03%
NTN CORP NPV	647200	6651189	60,000	262,414.47	0.03%
SUZUKEN CO NPV	9987.T	6865560	8,800	259,960.52	0.03%
ACCIONA SA EUR1	N/A	5579107	3,299	258,664.27	0.03%
REXEL EUR5	N/A	B1VP0K0	11,657	256,238.90	0.03%
TAKASHIMAYA CO NPV	8233.T	6870401	33,000	253,696.85	0.03%
KEPPEL LAND NPV	N/A	6853468	93,000	253,073.99	0.03%
ALUMINA NPV	AWC.AU	6954985	173,639	252,184.85	0.03%
YAMAGUCHI FINANCIAL GROUP INC NPV	N/A	B1DGKS9	27,000	246,909.25	0.03%
DENKI KAGAKU KOGYO KK NPV	406100	6309820	60,000	241,967.98	0.03%
NISHI-NIPPON CITY BANK NPV	N/A	6639721	84,000	238,578.99	0.03%
SHINSEI BANK NPV	N/A	6730936	182,000	236,343.09	0.03%
DAICEL CORPORATION	420200	6250542	36,000	235,829.52	0.03%
SEIKO EPSON CORP NPV	N/A	6616508	17,300	236,177.00	0.03%
BOLLORE SA EUR16	N/A	4572709	1,136	234,792.57	0.03%
LUNDBECK(H) A/S DKK5	N/A	7085259	11,001	232,355.12	0.03%
BANK OF QUEENSLAND LTD ORD NPV	N/A	6076243	28,943	227,024.95	0.03%
MARUI GROUP CO LTD NPV	8252.T	6569527	27,900	227,166.21	0.03%
MITSUBISHI TANABE PHARMA CORP NPV	450800	6870984	16,500	225,944.99	0.03%
UNY CO NPV	8270.T	6918624	22,400	223,109.56	0.03%
VENTURE CORPORATION NPV	VENM.SI	6927374	33,000	221,893.49	0.03%
MEDIPAL HOLDINGS CORPORATION	7459.T	6782090	18,300	220,197.07	0.03%
EMPIRE CO CLASS'A'N.VTG NPV	EMP.A	2314000	3,800	218,871.09	0.03%
COSMO OIL CO NPV	500700	6226338	74,000	215,417.87	0.03%
ALFRESA HOLDINGS CORP NPV	N/A	6687214	4,900	215,836.95	0.03%
TRANSALTA CORP COM NPV	TA	2901628	10,000	211,127.39	0.03%
QUEBECOR INC CLASS'B'SUBORD VTG NPV	QBR.B	2715777	5,700	208,482.49	0.03%
URANIUM ONE INC COM NPV	UUU	B0V23L6	63,200	207,590.08	0.03%
CELESIO AG NPV	CLS1	5105182	11,017	204,155.55	0.03%
CASIO COMPUTER CO NPV	6952.T	6178967	29,600	204,151.99	0.03%
KANEKA CORP NPV	4118.T	6483360	35,000	202,190.18	0.02%
MONDI PLC ORD EUR0.20	MNDI	B1CRLC4	21,494	200,643.89	0.02%
NIPPON SHOKUBAI CO NPV	411400	6470588	17,000	201,299.51	0.02%
77TH BANK NPV	8341.T	6804165	44,000	194,360.09	0.02%
YAMAHA CORP NPV	7951.T	6642387	19,800	190,377.02	0.02%
TOSOH CORP NPV	4042.T	6900289	63,000	186,763.10	0.02%
PETROBAKKEN ENERGY LTD NPV A	N/A	B4NCN45	11,100	180,615.49	0.02%
HAKUHODO DY HLDGS INC NPV	N/A	B05LZ02	2,910	177,750.20	0.02%
MITSUBISHI LOGISTICS CORP NPV	9301.T	6596848	15,000	176,299.61	0.02%
WACOAL HOLDINGS CORP NPV	3591.T	6932204	14,000	175,047.71	0.02%
LUNDIN MINING CORP COM STK NPV	SAA	2866857	33,000	172,762.65	0.02%
NISSHINBO HOLDINGS INC NPV	310500	6642923	18,000	171,399.02	0.02%
YAMATO KOGYO CO NPV	N/A	6985446	5,300	167,452.37	0.02%
ISRAEL DISCOUNT BANK ILS0.1	N/A	6451271	132,044	164,892.12	0.02%
HARVEY NORMAN HLDGS NPV	N/A	6173508	74,368	164,739.52	0.02%
NAGASE & CO NPV	8012.T	6619820	13,800	160,834.03	0.02%
SHOWA SHELL SEKIYU KK NPV	5002.T	6805544	23,500	158,529.28	0.02%
EDP RENOVAVEIS SA EUR5	N/A	B39GNW2	30,257	157,052.61	0.02%
TOYODA GOSEI NPV	728200	6900557	8,100	153,598.13	0.02%
NISSHIN STEEL CO NPV	540700	6641641	87,000	150,410.78	0.02%
SUMITOMO FORESTRY CO NPV	1911.OS	6858861	16,600	150,570.56	0.02%
LOBLAW COS COM STK NPV	N/A	2521800	4,200	147,378.85	0.02%
SEVEN GROUP HLDGS LTD NPV	N/A	B432QW4	15,028	144,245.92	0.02%
AUTOBACS SEVEN CO NPV	9832.OS	6068422	3,000	143,729.20	0.02%
MARINE HARVEST ASA NOK0.75	N/A	B02L486	260,960	140,067.08	0.02%
HOUSE FOODS CORPORATION NPV	2810.T	6440503	8,000	139,363.49	0.02%
COMSYS HOLDINGS CORP NPV	N/A	6687247	12,800	138,752.58	0.02%
KINDEN CORP NPV	1944.OS	6492924	17,000	134,868.99	0.02%
SEINO HOLDINGS CO NPV	907600	6793423	19,000	134,160.99	0.02%
HONG KONG & SHANGHAI HOTELS ORD HKD0.50	45	6436386	89,000	131,675.48	0.02%
COCA-COLA WEST CO LTD NPV	257900	6163286	7,600	129,453.76	0.02%
NEPTUNE ORIENT LINES NPV B/L 250	NEPS.SI	6628859	118,000	125,970.20	0.02%
SVENSKA CELLULOSA AB-SCA SER'A'NPV	N/A	B1VVGV1	6,958	124,396.64	0.02%
SSAB AB	N/A	B17H0S8	11,623	121,488.20	0.01%
STOREBRAND ASA 'A'NOK5	STB.OL	4852832	24,739	118,514.31	0.01%
GENWORTH MI CANADA INC NPV	N/A	B3NWJQ2	5,200	113,832.94	0.01%
CLARIANT CHF4.00	N/A	7113990	7,981	111,731.42	0.01%
SKY PERFECT JSAT HOLDINGS INC NPV	N/A	B1TK234	215	100,844.84	0.01%
NIPPON TELEVISION NETWORK CORP NPV	9404.T	6644060	680	100,801.97	0.01%
CERMAQ ASA NOK10	N/A	B0LX580	7,037	98,783.31	0.01%
FUKUYAMA TRANSPORTING CO NPV	907500	6357120	18,000	98,621.81	0.01%
PARMALAT S.P.A EUR1	N/A	B09RG69	43,515	98,128.08	0.01%
HITACHI CAPITAL CORP NPV	858600	6429159	6,200	96,401.73	0.01%
FUJI MEDIA HOLDINGS INC	4676.T	6036582	62	95,008.19	0.01%
CANON MARKETING JAPAN INC NPV	N/A	6172453	7,600	94,432.46	0.01%
STOLT-NIELSEN LTD USD1	N/A	B4PKZG3	4,020	93,429.85	0.01%
NISSAN SHATAI CO NPV	722200	6642901	9,000	91,216.74	0.01%
LLOYDS BANKING GROUP PLC ADR EACH REP 4 ORD	LYG	539439109	40,363	88,798.60	0.01%
OVERSEAS UNION ENTERPRISES NPV	N/A	6663827	42,000	83,412.87	0.01%
NESTE OIL NPV	N/A	B06YV46	6,682	82,395.64	0.01%
H2O RETAILING CORP NPV	824200	6408705	11,000	82,743.33	0.01%
CIMENTS FRANCAIS 'A'EUR4	N/A	4199540	1,063	80,454.84	0.01%
HUSQVARNA SER'A'NPV	N/A	B12V0C9	12,546	76,002.17	0.01%
WESTON(GEORGE) COM NPV	WN	2956662	1,100	70,972.76	0.01%
BW OFFSHORE LTD COM STK USD0.01	N/A	B13V1Q9	47,629	69,817.37	0.01%
TOKYO BROADCASTING SYSTEM HOLDINGS INC NPV	9401.T	6894166	4,800	67,999.50	0.01%
BANCO ESPANOL DE CREDITO EUR0.79(REGD)	N/A	4072919	11,505	61,426.52	0.01%
HOPEWELL HLDGS HKD2.50	54	6140290	17,500	53,294.08	0.01%
CITIZEN HOLDINGS CO LTD NPV	7762.T	6197304	8,200	50,710.21	0.01%
INDOFOOD AGRI RESOURCES LTD NPV (POST SPLIT)	N/A	B1QNF48	39,000	50,120.11	0.01%
BANK HAPOALIM B.M. ILS1	POLI.TA	6075808	15,616	50,242.68	0.01%
SANKYO CO NPV	6417.T	6775432	1,000	48,153.36	0.01%
KIRIN HLDGS CO LTD NPV	2503.T	6493745	4,000	47,182.65	0.01%
SWISS LIFE HOLDING AG CHF17(EXH OFFER)	N/A	7437805	313	36,123.32	0.00%
TOKYO TATEMONO CO NPV	N/A	6895426	7,000	28,623.66	0.00%
RWE AG(NEU) NPV'A'	RWE	4768962	523	23,807.08	0.00%
ROCKWOOL INTERNATIONAL 'B'SHS DKK10	N/A	4713490	82	8,368.09	0.00%
SSAB AB SER'B'NPV	N/A	B17H3F6	586	5,347.41	0.00%

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