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Investment Type: coli

Global Emerging Markets Division

Portfolio Composition

  as of 05/31/2025
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Asset Type Net Short Long Non-U.S. Stocks 97.0% 0.0%   97.0%   Cash 1.74% 1.07%   2.81%   U.S. Stocks 1.23% 0.0%   1.23%   U.S. Bonds 0.03% 0.0%   0.03%   Total 100%

Top 10 Holdings   as of 05/31/2025    What's this? % of Net Assets Taiwan Semiconductor Manufacturing Co Ltd 11.67 Tencent Holdings Ltd 6.48 Alibaba Group Holding Ltd Ordinary Shares 3.38 Principal Government Money Market R-6 2.80 Samsung Electronics Co Ltd 2.74 National Bank of Greece SA 2.29 ICICI Bank Ltd 2.18 Kotak Mahindra Bank Ltd 1.97 Delta Electronics Inc 1.92 Xiaomi Corp Class B 1.92 Total*: 37.35 *Values may exceed 100% if both long and short positions are included in the portfolio	Morningstar Style Box™   as of 05/31/2025    What's this?
Stock Sector Breakdown   as of 05/31/2025    What's this? % of Net Assets Cyclical 46.20 Basic Materials 5.59 Consumer Cyclical 15.70 Financial Svcs 23.55 Real Estate 1.36 Defensive 9.53 Consumer Defensive 4.64 Healthcare 3.09 Utilities 1.80 Sensitive 44.27 Comm Svcs 8.19 Energy 3.04 Industrials 5.78 Technology 27.26	Top 5 Countries   as of 05/31/2025 % of Net Assets China 25.19 Taiwan 18.11 India 16.85 South Korea 8.62 Brazil 6.55
Regional Exposure   as of 05/31/2025 % of Net Assets Pacific Rim 77.28 Latin America 10.24 Other 6.33 Europe 4.89 United States 1.26	Analysis   as of 05/31/2025 Average Market Cap (mil): $49,207.53 Price/Earnings Ratio: 13.49 Price/Book Ratio: 1.99 Price/Cash Flow Ratio: 7.74 Turnover Ratio: 59.30% # Stock Holdings: 116 # Bond Holdings: 0 # Other Holdings: 3 Total # of Holdings: 119

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