6.3. 집합투자기구의 자산 구성 현황 Thailand 79,863,846 6 · 6.3. 집합투자기구의 자산 구성 현황 슈로더 아시안 오퍼튜니티 펀드 (Asian Opportunities)(a)

6.3. 집합투자기구의 자산 구성 현황

슈로더 아시안 오퍼튜니티 펀드 (Asian Opportunities)(a)

2012년 12월 31일자 투자포트폴리오

주식수 또는 원금

공식증권거래소상장이 인가된 양도성증권 및 단기금융상품

시가 USD

% 순자산

Australia 11,130,974 0.93 483,699 Newcrest Mining 11,130,974 0.93

China 64,636,820 5.38 167,492 Baidu ADR 16,581,708 1.38 808,300 China Lodging ADR 13,094,460 1.09 530,472 Mindray Medical International ADR 17,510,881 1.46

1,107,922 WuXi PharmaTech Cayman ADR 17,449,771 1.45 France 15,483,764 1.28

84,424 LVMH Moet Hennessy Louis Vuitton 15,483,764 1.28 Hong Kong SAR 302,839,796 25.22

4,926,500 AAC Technologies 17,226,080 1.43 8,302,200 AIA 32,403,898 2.70

803,300 ASM Pacific Technology 9,773,906 0.82 7,543,600 China Taiping Insurance 15,281,183 1.27 7,420,000 CNOOC 16,064,771 1.34

14,072,000 Dah Chong Hong 14,797,628 1.23 10,306,000 Haitian International 12,300,154 1.03 4,874,000 Hang Lung Properties 19,369,345 1.61 1,827,600 HSBC 19,171,248 1.60

28,848,500 Johnson Electric 19,206,650 1.60 2,945,000 Kerry Properties 15,294,309 1.27 9,189,900 Samsonite International 18,948,125 1.58

12,948,000 Springland International 6,899,719 0.57 1,501,000 Sun Hung Kai Properties 22,504,300 1.87 1,047,500 Swire Pacific 12,954,625 1.08 5,902,650 Swire Properties 19,687,305 1.64 2,367,000 Television Broadcasts 17,682,982 1.47 3,972,000 Yue Yuen Industrial 13,273,568 1.11

India 65,773,275 5.48 1,478,472 Glenmark Pharmaceuticals 14,209,408 1.18 1,235,067 HDFC Bank 15,239,867 1.27

264,431 Infosys 11,148,944 0.93 897,256 Mahindra & Mahindra 15,200,083 1.27 568,155 Shriram Transport Finance 7,824,722 0.65 535,809 Zee Entertainment Enterprises 2,150,251 0.18

Indonesia 81,204,377 6.76 25,176,687 Bank Mandiri Persero 20,819,925 1.73 5,527,500 Hexindo Adiperkasa 4,599,196 0.38 4,613,500 Indocement Tunggal Prakarsa 10,574,076 0.88

49,368,000 Perusahaan Perkebunan London Sumatra Indonesia 11,592,282 0.97

11,927,000 Semen Gresik Persero 19,299,944 1.61 7,119,500 United Tractors 14,318,954 1.19

Philippines 35,380,063 2.95 35,689,400 Ayala Land 23,018,401 1.92 30,724,350 SM Prime 12,361,662 1.03

Singapore 218,123,327 18.17 3,319,000 First Resources 5,490,668 0.46 2,945,000 Hongkong Land 20,585,550 1.71

768,000 Jardine Cycle & Carriage 30,284,755 2.52 982,800 Jardine Matheson 60,933,600 5.08

2,757,400 Keppel 24,840,424 2.07 5,143,000 SembCorp Marine 19,374,964 1.61 4,577,000 Singapore Telecommunications 12,369,764 1.03 1,270,000 United Overseas Bank 20,604,152 1.72 4,835,000 UOL 23,639,450 1.97

South Korea 167,714,042 13.97 269,720 Hyundai Motor 55,249,766 4.60 15,258 LG Chem 4,720,385 0.40 83,937 Samsung C&T 4,925,991 0.41 72,059 Samsung Electronics 102,817,900 8.56

Taiwan 123,794,152 10.31 1,245,000 Asustek Computer 13,989,486 1.16 1,323,000 Giant Manufacturing 7,580,944 0.63 1,852,306 MediaTek 20,622,259 1.72

544,000 MStar Semiconductor 4,081,357 0.34 19,742,925 Taiwan Semiconductor Manufacturing 65,907,139 5.49 5,416,340 Tripod Technology 11,612,967 0.97

Thailand 79,863,846 6.65

2,112,600 Bangkok Bank (NVDR) 13,501,579 1.12 9,344,900 BEC World (NVDR) 21,689,699 1.81 5,079,700 Kasikornbank (Foreign) 32,132,133 2.68 5,768,600 Robinson Department Store (Foreign) 12,540,435 1.04

United Kingdom 24,731,539 2.06 751,657 BG 12,324,868 1.03 218,170 Rio Tinto 12,406,671 1.03

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,190,675,975 99.16

총 투자자산 1,190,675,975 99.16 기타 순자산 10,033,482 0.84 순자산가치 1,200,709,457 100.00 (a) 2012년 4월 2일자로 슈로더 퍼시픽 주식 펀드(Pacific Equity)의 명칭이 슈로더 아시안 오퍼튜니티 펀드(Asian Opportunities)로 변경되었습니다.

슈로더 유로 주식 펀드 (EURO Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 72,695,835 7.00 1,271,517 Ageas 28,246,750 2.72

257,022 Solvay 28,105,356 2.71 378,152 UCB 16,343,729 1.57

Finland 17,372,651 1.67 713,749 Sampo 17,372,651 1.67

France 345,890,835 33.33 692,393 Accor 18,483,431 1.78 234,874 Air Liquide 22,324,774 2.15

1,016,291 BNP Paribas 43,278,752 4.17 194,066 Bureau Veritas 16,427,687 1.58 303,541 Christian Dior 38,929,133 3.75 166,724 Dassault Systemes 14,043,162 1.35 743,041 Edenred 17,312,855 1.67 842,647 Legrand 26,859,373 2.59 298,489 Pernod-Ricard 26,099,878 2.51 497,173 Publicis 22,497,078 2.17 794,653 Safran 25,901,714 2.50 339,318 Sanofi 24,223,912 2.33 639,369 Société Générale 18,119,717 1.75 289,032 Technip 25,099,539 2.42 34,569 Unibail-Rodamco 6,289,830 0.61

Germany 274,574,365 26.46 557,592 Bayer 40,085,289 3.86 667,512 Deutsche Bank 21,994,520 2.12

2,152,922 Deutsche Telekom 18,504,365 1.78 191,864 Fresenius SE & Co. KGaA 16,711,354 1.61 899,938 GEA 22,021,483 2.12

3,883,918 Infineon Technologies 23,804,533 2.29 492,980 Kabel Deutschland 27,887,879 2.69 316,345 Lanxess 20,964,183 2.02 142,214 Merck KGaA 14,197,224 1.37 286,669 Metro 6,020,049 0.58 275,852 MTU Aero Engines 18,978,618 1.83

1,108,502 QIAGEN 15,241,902 1.47 209,465 SAP 12,712,431 1.23 569,710 Symrise 15,450,535 1.49

Italy 57,411,355 5.53 1,513,206 Atlantia 20,685,526 1.99 2,056,094 Autogrill 17,857,176 1.72 2,180,087 Pirelli & C. 18,868,653 1.82

Netherlands 84,096,813 8.11 519,604 Heineken 21,529,792 2.08

4,735,176 ING Groep 33,435,078 3.22 1,010,298 Unilever 29,131,943 2.81

Portugal 21,322,068 2.05 2,752,821 EDP - Energias de Portugal 6,303,960 0.61 1,277,050 Galp Energia 15,018,108 1.44

Spain 61,160,272 5.89 1,503,655 Amadeus IT 28,644,628 2.76

62,363 Repsol RFD 956,337 0.09 2,057,992 Repsol 31,559,307 3.04

Sweden 42,560,135 4.10 926,449 Investment Kinnevik 14,642,071 1.41

1,727,610 Sandvik 20,825,106 2.01 520,079 Tele2 7,092,958 0.68

Switzerland 52,078,688 5.02 156,621 Cie Financière Richemont 9,261,283 0.89 184,929 Dufry Registered 18,317,203 1.77 528,961 Julius Baer 14,162,904 1.36 34,048 Syngenta Registered 10,337,298 1.00

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,029,163,017 99.16 주식수 또는 원금

기타 규제시장에서 거래되지 않는 기타 양도성증권

시가 EUR

% 순자산

Italy - - 7,571,884 Parmalat Finanziaria * - -

기타 규제시장에서 거래되지 않는 총 기타 양도성증권 - -

총 투자자산 1,029,163,017 99.16 기타 순자산 8,713,940 0.84 순자산가치 1,037,876,957 100.00

* 증권은 2012.12.31. 현재 공정가치로 평가됩니다.

슈로더 유럽 대형주 펀드 (European Large Cap) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 3,114,751 2.95 21,505 Solvay 2,351,572 2.23 17,658 UCB 763,179 0.72

France 20,262,843 19.18 12,981 Air Liquide 1,233,844 1.17 30,753 Arkema 2,435,945 2.31 76,104 BNP Paribas 3,240,889 3.07 10,596 Christian Dior 1,358,937 1.29 13,152 Cie Generale d’Optique Essilor International 999,815 0.94

18,870 Compagnie Générale des Etablissements Michelin 1,350,903 1.28

65,390 Edenred 1,523,587 1.44 91,876 GDF Suez 1,430,969 1.35 59,866 JC Decaux 1,076,690 1.02 30,987 Safran 1,010,021 0.96 34,523 Sanofi 2,464,597 2.33 54,106 Vallourec 2,136,646 2.02

Germany 10,138,376 9.60 41,612 Daimler 1,719,408 1.63 45,497 Deutsche Bank 1,499,126 1.42

176,629 Deutsche Telekom 1,518,126 1.44 73,975 GEA 1,810,168 1.71

133,454 Infineon Technologies 817,940 0.77 34,196 Metro 718,116 0.68 22,075 MTU Aero Engines 1,518,760 1.44 19,791 Symrise 536,732 0.51

Italy 4,903,143 4.64 77,057 Atlantia 1,053,369 1.00

240,913 Autogrill 2,092,329 1.98 120,467 Pirelli & C. 1,042,642 0.98 24,396 Saipem 714,803 0.68

Netherlands 4,589,841 4.35 48,024 Delta Lloyd 592,376 0.56 36,848 Heineken 1,859,719 1.76

302,754 ING Groep 2,137,746 2.03 Norway 2,380,489 2.25

142,592 DNB 1,365,750 1.29 66,475 Telenor 1,014,739 0.96

Portugal 1,059,117 1.00 90,061 Galp Energia 1,059,117 1.00

Spain 4,840,048 4.58 107,075 Amadeus IT 2,039,779 1.93 70,505 Ebro Foods 1,057,575 1.00

110,318 Repsol 1,691,727 1.60 110,318 Repsol Rights 10/01/2013 50,967 0.05

Sweden 5,618,061 5.32 65,709 Investment Kinnevik 1,038,498 0.98

203,597 Sandvik 2,454,217 2.33 79,975 Swedbank 1,182,930 1.12 37,084 Swedish Match 942,416 0.89

Switzerland 8,466,830 8.02 73,927 Credit Suisse Registered 1,362,860 1.29 79,754 Julius Baer 2,135,409 2.02 20,499 Roche 3,123,730 2.96 3,365 Swatch 1,285,279 1.22 1,843 Syngenta 559,552 0.53

United Kingdom 38,134,210 36.11 228,546 BG 2,836,058 2.69 118,934 BHP Billiton 3,104,060 2.94 172,183 Carillion 668,953 0.63 69,967 Carnival 2,022,011 1.91

172,644 Experian 2,073,595 1.96 113,814 Genus 1,948,671 1.85 269,770 Hays 272,107 0.26 49,340 Imperial Tobacco 1,434,971 1.36 29,803 Intertek 1,131,952 1.07

377,768 Invensys 1,504,717 1.42 117,580 John Wood 1,046,925 0.99 569,450 Legal & General 1,016,163 0.96 126,226 London Stock Exchange 1,683,155 1.59 155,000 Prudential 1,644,164 1.56 402,435 Royal Bank of Scotland 1,600,504 1.52

1,651 Royal Dutch Shell 42,938 0.04 107,152 Shire 2,478,099 2.35 229,618 Tate & Lyle 2,144,407 2.03 94,174 Unilever 2,730,814 2.59 80,827 Virgin Media 2,215,005 2.10

1,420,188 Vodafone 2,688,315 2.54 34,674 Weir 798,504 0.76 80,755 Xstrata 1,048,122 0.99

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 103,507,709 98.00 총 투자자산 103,507,709 98.00 기타 순자산 2,111,014 2.00 순자산가치 105,618,723 100.00

슈로더 글로벌 주식 펀드 (Global Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 918,043 2.13 136,032 Atlas Iron 252,633 0.58 14,170 Australia & New Zealand Banking 368,277 0.86 12,912 Newcrest Mining 297,133 0.69

Belgium 401,669 0.93 4,624 Anheuser-Busch InBev 401,669 0.93

Canada 1,340,580 3.10 11,810 First Quantum Minerals 251,466 0.58 21,770 Suncor Energy 704,494 1.63 4,595 Toronto-Dominion Bank 384,620 0.89

France 2,386,640 5.53 4,480 BNP Paribas 252,090 0.58 4,659 Cie Generale d'Optique Essilor International 467,996 1.08 3,796 L'Oréal 526,166 1.22 1,193 LVMH Moet Hennessy Louis Vuitton 218,802 0.51 9,612 Safran 413,986 0.96 5,381 Sanofi 507,600 1.18

Germany 2,074,847 4.80 7,591 Daimler 414,458 0.96

14,572 GEA 471,166 1.09 78,818 Infineon Technologies 638,317 1.48 72,207 Telefonica Deutschland 550,906 1.27

Hong Kong SAR 1,467,791 3.40 135,800 AIA 530,034 1.23 29,000 China Mobile 337,694 0.78

496,000 Industrial & Commercial Bank of China 'H' 351,984 0.82 26,000 Prada 248,079 0.57

Japan 3,354,726 7.77 11,900 Astellas Pharma 533,586 1.24 2,300 FANUC 423,698 0.98

10,500 Nippon Telegraph & Telephone 441,044 1.02 47,000 Sekisui Chemical 407,348 0.94 17,700 Seven & I 499,131 1.16 1,500 SMC 270,076 0.63

12,400 Sumitomo Mitsui Financial 446,957 1.03 6,400 Unicharm 332,886 0.77

Mexico 115,672 0.27 7,216 Grupo Financiero Santander Mexico SAB de ADR 115,672 0.27

Netherlands 742,941 1.72 5,153 Heineken 343,649 0.80

42,796 ING Groep 399,292 0.92 Norway 1,118,221 2.59

32,899 DNB 416,370 0.96 28,087 Statoil 701,851 1.63

Russia 272,482 0.63 22,153 Sberbank of Russia ADR 272,482 0.63

Singapore 519,764 1.20 14,633 Jardine Strategic 519,764 1.20

South Korea 946,782 2.19 1,082 Hyundai Mobis 292,136 0.68 1,343 Hyundai Motor 275,102 0.64

266 Samsung Electronics 379,544 0.87 Sweden 320,730 0.75

12,778 Hexagon 320,730 0.75 Switzerland 2,294,132 5.31

8,964 Nestlé Registered 584,645 1.35 3,702 Roche 745,415 1.73

941 Syngenta Registered 377,508 0.87 19,745 WPP 283,947 0.66 1,138 Zurich Insurance 302,617 0.70

Thailand 239,108 0.55 37,800 Kasikornbank (NVDR) 239,108 0.55

United Kingdom 4,356,242 10.09 29,648 AMEC 481,575 1.12 40,983 BG 671,995 1.56 16,249 BHP Billiton 560,366 1.30 31,287 Capita 382,541 0.89 16,579 Diageo 479,789 1.11 23,034 Prudential 322,853 0.75 14,994 Rolls-Royce 212,104 0.49

1,139,544 Rolls-Royce Preference ** 1,845 0.00 15,617 Shire 477,240 1.10 12,865 Standard Chartered 327,827 0.76 11,434 Unilever 438,107 1.01

United States of America 19,385,231 44.88 3,595 3M 329,949 0.76 1,020 Amazon.com 250,084 0.58 5,717 American Express 323,982 0.74 6,291 Apache 484,722 1.12 1,412 Apple 719,287 1.66

10,075 Baker Hughes 402,295 0.93 8,776 Ball 388,689 0.90 5,903 BorgWarner 413,505 0.95

22,284 Calpine 395,541 0.92

8,840 Capital One Financial 504,764 1.17 3,480 Caterpillar 302,099 0.70 7,046 Celanese 304,951 0.71

11,470 Check Point Software Technologies 539,893 1.25 21,165 Citigroup 825,647 1.91 6,133 Cognizant Technology Solutions 443,477 1.03 9,966 Comcast 364,158 0.84 9,148 Danaher 503,323 1.17

14,590 Dollar General 622,993 1.44 10,549 Dominion Resources 538,843 1.25 8,595 Eaton 456,738 1.06 4,309 eBay 214,631 0.50 5,454 Estee Lauder 315,950 0.73 6,979 Express Scripts 369,398 0.86 4,434 FedEx 400,789 0.93 6,543 Gilead Sciences 473,517 1.10 1,027 Google 718,910 1.66 6,109 Home Depot 370,511 0.86

15,373 JPMorgan Chase & Co. 664,729 1.54 8,353 Lowe's 292,188 0.68 3,956 McDonald's 346,466 0.80 5,478 Mead Johnson Nutrition 356,673 0.83

31,046 Microsoft 824,271 1.91 18,593 Mondelez International 469,659 1.09 26,992 Morgan Stanley 502,591 1.16 3,911 Occidental Petroleum 294,811 0.68 9,518 Oracle 314,284 0.73

30,956 Pfizer 770,495 1.78 2,445 Precision Castparts 454,281 1.05 5,258 Procter & Gamble 353,075 0.82 5,421 Prudential Financial 284,440 0.66 8,197 Schlumberger 557,068 1.29 8,205 State Street 377,840 0.87 1,585 Visa 235,610 0.55 4,701 Zimmer 308,104 0.71

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 42,255,601 97.84 주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산

United States of America 183,288 0.42 1 SIM Systematic FV USA * 183,288 0.42

총 공정가치 조정액 183,288 0.42 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

India 524,233 1.22 275,912 Idea Cellular Warrants 13/03/2017 524,233 1.22

총 금융파생상품 524,233 1.22 총 투자자산 42,963,122 99.48 기타 순자산 226,225 0.52 순자산가치 43,189,347 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다. ** 증권은 2012.12.31. 현재 공정가치로 평가됩니다.

슈로더 이탈리아 주식 펀드 (Italian Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

France 5,599,350 5.81 13,202 Arkema 1,045,730 1.08 50,082 BNP Paribas 2,132,742 2.21 11,444 Bureau Veritas 968,735 1.01 7,981 Unibail-Rodamco 1,452,143 1.51

Germany 1,727,108 1.79 25,884 Deutsche Boerse 1,196,100 1.24 61,781 Deutsche Telekom Registered 531,008 0.55

Italy 83,938,578 87.09 269,792 Assicurazioni Generali 3,706,942 3.85 166,407 Astaldi 842,019 0.87 247,789 Atlantia 3,387,276 3.51 183,654 Autogrill 1,595,035 1.66 269,938 Brembo 2,633,245 2.73 70,280 Brunello Cucinelli 938,941 0.97

326,280 Davide Campari-Milano 1,892,424 1.96 232,228 De'Longhi 2,535,930 2.63 61,917 DiaSorin 1,874,847 1.95

1,698,145 Enel 5,328,779 5.53 488,044 Eni 8,950,727 9.29

1,334,952 Immobiliare Grande Distribuzione 1,094,661 1.14 96,021 Industria Macchine Automatiche 1,382,702 1.43

404,077 Interpump 2,341,626 2.43 1,704,349 Intesa Sanpaolo 2,215,654 2.30 2,646,533 Intesa Sanpaolo Preference 2,823,851 2.93

68,655 Luxottica 2,133,111 2.21 381,398 MARR 3,013,044 3.13 338,829 Pirelli & C. 2,932,565 3.04 159,019 Prysmian 2,386,875 2.48 319,785 Recordati 2,209,714 2.29 210,788 SAES Getters 1,458,653 1.51 121,116 Saipem 3,548,699 3.68

1,361,684 Snam 4,784,957 4.96 1,260,804 Sogefi 2,439,656 2.53 3,171,700 Telecom Italia 2,166,271 2.25 1,415,139 Telecom Italia Preference 845,545 0.88 1,050,910 Terna Rete Elettrica Nazionale 3,177,952 3.30 1,866,365 UniCredit 6,916,749 7.18

526,577 Zignago Vetro 2,380,128 2.47 Netherlands 1,573,394 1.63

20,890 Eurocommercial Properties 629,625 0.65 32,730 Unilever 943,769 0.98

Portugal 1,116,506 1.16 94,941 Galp Energia 1,116,506 1.16

Switzerland 697,568 0.72 26,053 Julius Baer 697,568 0.72

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 94,652,504 98.20 주식수 또는 원금

기타 규제시장에서 거래되지 않는 기타 양도성 유가증권

시가 EUR

% 순자산

Italy - - 697,708 Parmalat Finanziaria ** - -

기타 규제시장에서 거래되지 않는 총 기타 양도성 유가증권 - - 총 투자자산 94,652,504 98.20 기타 순자산 1,732,156 1.80 순자산가치 96,384,660 100.00 * 증권은 2012.12.31. 현재 공정가치로 평가됩니다.

슈로더 일본 주식 펀드 (Japanese Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 JPY

% 순자산

Japan 55,189,292,250 94.87 130,000 ABC-Mart 489,450,000 0.84 49,000 Aeon Delight 82,663,000 0.14

744,000 Air Water 819,888,000 1.41 515,400 Aisin Seiki 1,373,025,600 2.36 54,000 AOKI 106,488,000 0.18

363,200 Asics 475,792,000 0.82 288,500 Astellas Pharma 1,117,937,500 1.92 826,300 Brother Industries 760,196,000 1.31 337,000 Canon 1,125,580,000 1.94 375,900 Capcom 494,684,400 0.85

1,490,000 Chiba Bank 750,960,000 1.29 1,172,000 Clarion 174,628,000 0.30

225,000 Daihatsu Motor 384,975,000 0.66 72,800 Daito Trust Construction 593,320,000 1.02

200,900 Don Quijote 636,853,000 1.10 215,300 Fuji Seal International 374,191,400 0.64 115,000 Glory 229,310,000 0.39 54,000 G-Tekt 99,144,000 0.17

1,953,000 Hitachi 984,312,000 1.69 241,000 Hitachi High-Technologies 427,775,000 0.74 287,300 Hitachi Transport System 361,710,700 0.62 703,100 Honda Motor 2,211,249,500 3.80

2,561,000 Isuzu Motors 1,308,671,000 2.25 1,830,900 ITOCHU 1,660,626,300 2.85

31,500 Japan Airlines 116,550,000 0.20 88,000 JGC 235,488,000 0.40

2,479,700 JX 1,197,695,100 2.06 1,604,000 Kamigumi 1,101,948,000 1.89

145,000 KDDI 883,050,000 1.52 135,000 Kissei Pharmaceutical 214,245,000 0.37 141,000 Koito Manufacturing 175,968,000 0.30 314,500 Komatsu 686,868,000 1.18 130,000 Kuroda Electric 132,210,000 0.23 121,100 Kyowa Exeo 104,993,700 0.18 197,400 Makita 783,678,000 1.35 43,000 Misawa Homes 54,309,000 0.09

1,354,000 Mitsubishi Electric 989,774,000 1.70 726,000 Mitsubishi Gas Chemical 381,150,000 0.66

4,624,200 Mitsubishi UFJ Financial 2,131,756,200 3.66 1,626,300 Mitsui & Co. 2,086,542,900 3.59

143,100 Musashi Seimitsu Industry 259,297,200 0.45 247,700 NEC Networks & System Integration 379,476,400 0.65 396,000 NGK Insulators 402,336,000 0.69 574,400 Nichi-iko Pharmaceutical 959,822,400 1.65 85,900 Nihon Kohden 224,886,200 0.39 47,000 Nintendo 430,990,000 0.74

268,600 Nippon Telegraph & Telephone 975,018,000 1.68 1,412,200 Nissan Motor 1,145,294,200 1.97

262,200 Nitto Denko 1,106,484,000 1.90 47,700 NOK 63,822,600 0.11

333,300 Nomura Research Institute 597,273,600 1.03 246,600 NS Solutions 378,037,800 0.65 168,540 ORIX 1,633,152,600 2.81

1,694,000 Osaka Gas 531,916,000 0.91 92,100 Otsuka 600,492,000 1.03 82,000 Relo 264,040,000 0.45 46,800 Ryohin Keikaku 225,810,000 0.39

130,900 Santen Pharmaceutical 433,933,500 0.75 652,000 Sekisui Chemical 488,348,000 0.84 348,000 Seven & I 848,076,000 1.46 112,300 Ship Healthcare 257,728,500 0.44 139,700 Skymark Airlines 68,453,000 0.12 39,500 SMC 614,620,000 1.06

363,100 Softbank 1,140,134,000 1.96 40,000 Sogo Medical 116,520,000 0.20

550,800 Sumitomo Electric Industries 544,190,400 0.94 1,260,000 Sumitomo Heavy Industries 512,820,000 0.88

775,900 Sumitomo Mitsui Financial 2,416,928,500 4.15 763,000 Suruga Bank 808,017,000 1.39

1,258,900 T&D 1,310,514,900 2.25 356,900 TDK 1,109,959,000 1.91 397,000 Tokai Tokyo Financial 155,624,000 0.27 280,300 Tokio Marine 667,954,900 1.15 70,000 Tokyu Community 206,010,000 0.35

123,000 Toyo Suisan Kaisha 282,654,000 0.49 217,200 Toyota Industries 593,173,200 1.02 156,100 Trusco Nakayama 246,169,700 0.42

286,000 Tsumura & Co. 746,460,000 1.28 42,600 Tsuruha 290,106,000 0.50

237,700 Unipres 448,777,600 0.77 252,800 West Japan Railway 859,520,000 1.48 93,230 Yamada Denki 309,989,750 0.53

1,635,000 Zeon 1,214,805,000 2.09 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 55,189,292,250 94.87 총 투자자산 55,189,292,250 94.87 기타 순자산 2,983,215,871 5.13 순자산가치 58,172,508,121 100.00

슈로더 영국 주식 펀드 (UK Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 GBP

% 순자산

Ireland 393,968 0.25 5,628,115 Petroceltic International 393,968 0.25

United Kingdom 149,996,522 94.79 176,683 Anglo American 3,346,376 2.11 169,039 AstraZeneca 4,918,190 3.11

1,010,215 Barclays 2,650,804 1.68 551,086 BG 5,579,746 3.53 410,992 Bodycote 1,861,383 1.18 853,200 Booker 833,150 0.53

1,473,482 BP 6,259,351 3.96 972,847 BT 2,248,249 1.42 118,379 Bunzl 1,194,444 0.75 343,511 Cairn Energy 909,617 0.57 424,656 Carillion 1,346,159 0.85 99,521 Carnival 2,346,705 1.48

845,702 Centrica 2,821,262 1.78 82,961 Chemring 190,478 0.12

446,836 CSR 1,491,538 0.94 410,889 Daily Mail & General Trust 2,263,998 1.43

1,864,852 Debenhams 2,125,931 1.34 328,507 Drax 1,788,721 1.13 733,269 Exillon Energy 1,246,557 0.79 172,906 Experian 1,694,479 1.07 291,085 Filtrona 1,600,968 1.01 85,291 First Quantum Minerals 1,134,370 0.72

574,909 GlaxoSmithKline 7,675,035 4.85 1,206,633 Grainger 1,431,067 0.90

495,493 Headlam 1,635,127 1.03 883,403 HSBC 5,714,734 3.61 444,787 ICAP 1,365,496 0.86 155,527 Imperial Tobacco 3,690,656 2.33

1,069,072 International Consolidated Airlines 1,975,645 1.25 902,959 Invensys 2,934,617 1.85 916,848 ITV 964,524 0.61 265,530 John Wood 1,929,075 1.22

1,065,293 Ladbrokes 2,112,476 1.33 2,590,926 Legal & General 3,772,388 2.38 8,484,953 Lloyds Banking 4,065,565 2.57

997,914 Melrose Industries 2,230,338 1.41 143,156 Micro Focus International 833,168 0.53 401,172 Prudential 3,472,144 2.19 494,677 Reed Elsevier 3,175,826 2.01

1,766,015 Rentokil Initial 1,690,959 1.07 920,660 Resolution 2,278,634 1.44 159,312 Rio Tinto 5,594,241 3.54 839,563 Royal Bank of Scotland 2,724,382 1.72 296,980 Royal Dutch Shell ‘A’ 6,301,916 3.98 117,957 Royal Dutch Shell ‘B’ 2,565,565 1.62 128,671 Shire 2,428,022 1.53 212,803 Smiths 2,534,484 1.60

2,081,601 Spirit Pub 1,337,429 0.85 271,091 Standard Chartered 4,265,617 2.70 400,893 SVG Capital 1,154,171 0.73 760,929 Synthomer 1,435,112 0.91

3,357,909 Taylor Wimpey 2,209,504 1.40 185,818 Unilever 4,396,454 2.78 88,822 Virgin Media 1,986,060 1.26

3,366,300 Vodafone 5,199,250 3.29 289,364 Xstrata 3,064,365 1.94

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 150,390,490 95.04 주식수 또는 원금 개방형 간접투자기구

시가 GBP

% 순자산

United Kingdom 4,376,756 2.77 35,598 Schroder Recovery Fund Class A Acc 4,376,756 2.77

총 개방형 간접투자기구 4,376,756 2.77 총 투자자산 154,767,246 97.81 기타 순자산 3,471,710 2.19 순자산가치 158,238,956 100.00

슈로더 미국 대형주 펀드 (US Large Cap) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

United Kingdom 6,870,252 1.24 185,182 ARM ADR 6,870,252 1.24

United States of America 531,166,038 96.06 107,968 3M 9,909,303 1.79 99,324 ACE 7,843,616 1.42

188,679 Allstate 7,520,745 1.36 49,242 Amazon.com 12,073,153 2.18 61,845 American International 2,138,600 0.39 83,057 Apache 6,399,542 1.16 50,858 Apple 25,907,574 4.68

143,176 Baker Hughes 5,717,018 1.03 193,007 Ball 8,548,280 1.55 106,849 Baxter International 7,008,226 1.27 399,708 Calpine 7,094,817 1.28 113,493 Capital One Financial 6,480,450 1.17 108,793 Caterpillar 9,444,320 1.71 97,465 Celanese 4,218,285 0.76

283,513 Citigroup 11,059,842 2.00 313,330 Coca-Cola 11,270,480 2.04 56,268 Cognizant Technology Solutions 4,068,739 0.74

377,041 Comcast 13,777,078 2.49 51,902 Cummins 5,492,270 0.99

126,882 Danaher 6,981,048 1.26 74,444 DaVita HealthCare Partners 8,170,973 1.48

109,455 DENTSPLY International 4,269,840 0.77 179,829 Dollar General 7,678,698 1.39 181,026 Eaton 9,619,722 1.74 65,637 EOG Resources 7,785,204 1.41

138,086 Estee Lauder 7,999,322 1.45 110,426 Exxon Mobil 9,397,253 1.70 89,255 Facebook 2,312,597 0.42 90,685 Gilead Sciences 6,562,873 1.19 19,691 Google 13,783,897 2.49

201,115 Home Depot 12,197,625 2.21 80,691 International Business Machines 15,317,573 2.77

304,858 JPMorgan Chase & Co. 13,182,060 2.38 370,441 Juniper Networks 7,179,147 1.30 795,334 KeyCorp 6,641,039 1.20 201,976 Kraft Foods 8,969,754 1.62 180,632 LyondellBasell Industries 10,026,882 1.81 78,507 Mead Johnson Nutrition 5,111,591 0.92

300,036 Merck & Co. 12,193,463 2.21 165,391 MetLife 5,337,168 0.97 132,017 Michael Kors Holdings 6,492,596 1.17 98,792 MICROS Systems 4,158,155 0.75

553,537 Microsoft 14,696,407 2.66 162,846 Nordstrom 8,494,047 1.54 104,888 Occidental Petroleum 7,906,457 1.43

87,222 O'Reilly Automotive 7,684,258 1.39 107,232 PepsiCo 7,293,921 1.32 692,835 Pfizer 17,244,663 3.12 140,766 Philip Morris International 11,634,310 2.10 52,085 Precision Castparts 9,677,393 1.75 74,911 Rock-Tenn 5,182,343 0.94 98,677 SanDisk 4,208,574 0.76 85,626 SBA Communications 6,016,939 1.09

151,736 Schlumberger 10,311,979 1.86 227,174 SLM 3,816,523 0.69 125,010 State Street 5,756,711 1.04 144,664 Suncor Energy 4,668,307 0.84 25,433 TransDigm 3,383,861 0.61 94,038 UnitedHealth 5,064,887 0.92

318,571 Vantiv 6,396,906 1.16 221,511 Walt Disney 10,887,266 1.97 371,685 Wells Fargo & Co. 12,603,838 2.28 75,533 Yum! Brands 4,888,496 0.88 91,656 Zimmer 6,007,134 1.09


시가 USD

% 순자산

United States of America 4,859,544 0.88 1 SIM Systematic FV USA * 4,859,544 0.88

총 공정가치 조정액 4,859,544 0.88 총 투자자산 542,895,834 98.18 기타 순자산 10,043,841 1.82 순자산가치 552,939,675 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다.

슈로더 아시안 배당주 펀드 (Asian Equity Yield) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 398,127,185 22.05 1,593,134 AGL Energy 25,421,730 1.41 5,363,765 Amcor 44,909,656 2.49

953,203 ASX 30,865,664 1.71 592,504 Australia & New Zealand Banking 15,399,105 0.85

5,055,442 Brambles 39,390,866 2.18 13,769,671 DUET 29,715,521 1.65 8,454,834 DuluxGroup 33,158,383 1.84 3,211,142 Lend Lease 30,917,470 1.71 1,407,475 Newcrest Mining 32,389,086 1.79 5,554,062 Regis Resources 29,446,120 1.63

396,632 Rio Tinto 27,164,013 1.50 4,033,031 Suncorp 42,554,841 2.36 3,704,206 Telstra 16,794,730 0.93

Hong Kong SAR 367,749,108 20.37 10,642,800 AIA 41,539,376 2.30 8,889,000 BOC Hong Kong 27,640,674 1.53

29,726,450 China Construction Bank 'H' 23,856,796 1.32 1,576,000 China Mobile 18,351,945 1.02

24,270,000 China Petroleum & Chemical 'H' 27,494,320 1.52 6,873,000 CNOOC 14,880,481 0.83

26,341,000 HKT Trust 25,728,047 1.43 3,700,400 HSBC 38,816,637 2.15

32,598,885 Industrial & Commercial Bank of China 'H' 23,133,648 1.28 4,417,000 Kerry Properties 22,938,867 1.27 3,148,000 Sun Hung Kai Properties 47,197,559 2.61 7,913,100 Swire Properties 26,392,825 1.46 3,986,000 Television Broadcasts 29,777,933 1.65

India 46,410,601 2.57 1,630,690 ICICI Bank 33,750,939 1.87

554,380 Tata Consultancy Services 12,659,662 0.70 Indonesia 116,793,995 6.47

7,591,000 Astra Agro Lestari 15,267,249 0.85 44,229,783 Bank Mandiri Persero 36,575,931 2.03


20,034,500 Semen Gresik Persero 32,419,278 1.79 6,201,000 United Tractors 12,471,639 0.69

Malaysia 54,528,470 3.02 11,478,200 DiGi.Com 19,856,010 1.10 6,512,800 Public Bank 34,672,460 1.92

Netherlands 26,939,844 1.49 2,847,107 James Hardie Industries 26,939,844 1.49

Singapore 403,693,194 22.35 14,486,000 CapitaCommercial Trust 19,990,099 1.11

SGD 20,500,000 CapitaLand RegS 2.875% 03/09/2016 18,077,372 1.00 14,844,000 First Resources 24,556,636 1.36 7,716,000 Hongkong Land 53,934,840 2.99

558,000 Jardine Cycle & Carriage 22,003,767 1.22 1,003,054 Jardine Matheson 62,189,348 3.44 2,037,500 Jardine Strategic 72,372,000 4.01 7,233,000 SembCorp Industries 31,098,849 1.72 6,110,000 SembCorp Marine 23,017,894 1.27

23,042,000 Suntec Real Estate Investment Trust 31,608,329 1.75 9,172,000 UOL 44,844,060 2.48

South Korea 114,616,042 6.35 892,330 Halla Climate Control 19,826,209 1.10 607,398 Hyundai Motor Preference 43,048,795 2.38 49,973 Samsung Electronics Preference 39,915,435 2.21 57,863 Samsung Fire & Marine Insurance 11,825,603 0.66

Taiwan 113,951,344 6.31 2,840,000 Asustek Computer 31,911,760 1.77 8,080,000 Far EasTone Telecommunications 20,605,293 1.14 8,089,880 Radiant Opto-Electronics 33,270,491 1.84 8,436,655 Taiwan Semiconductor Manufacturing 28,163,800 1.56

Thailand 63,687,582 3.53 5,354,900 Kasikornbank (NVDR) 33,872,937 1.88

13,029,000 Shin (Foreign) 29,814,645 1.65 United Kingdom 24,075,325 1.33

698,115 BHP Billiton 24,075,325 1.33 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,730,572,690 95.84


기타 규제시장에서 거래되는 양도성증권 및 단기금융상품

시가 USD

% 순자산

China 6,124,766 0.34

CNY 7,127,000 Home Inns & Hotels Management 2% 15/12/2015 6,124,766 0.34

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 6,124,766 0.34 총 투자자산 1,736,697,456 96.18 기타 순자산 68,964,991 3.82 순자산가치 1,805,662,447 100.00

슈로더 아시아 태평양 부동산증권 부동산 펀드 (Asia Pacific Property Securities) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 41,888,518 15.77 2,193,270 CFS Retail Property Trust 4,357,700 1.64 5,318,560 Dexus Property 5,600,884 2.11 1,155,650 GPT 4,412,356 1.66 4,039,730 Mirvac 6,224,081 2.34 2,021,780 Stockland 7,404,659 2.79

995,357 Westfield 10,905,341 4.11 952,187 Westfield Retail Trust 2,983,497 1.12

Hong Kong SAR 71,226,142 26.81 1,286,000 China Resources Land 3,501,081 1.32

791,000 Hang Lung Group 4,495,739 1.69 2,844,000 Hang Lung Properties 11,302,096 4.25 1,748,000 Kerry Properties 9,077,913 3.42

829,500 Link REIT 4,141,961 1.56 951,166 Shangri-La Asia 1,894,883 0.71 974,000 Sun Hung Kai Properties 14,603,057 5.50 490,500 Swire Pacific 6,066,103 2.28

2,198,100 Swire Properties 7,331,396 2.76 1,126,987 Wharf 8,811,913 3.32

Japan 65,262,690 24.57 1,093 Japan Prime Realty Investment 3,151,766 1.18

472 Japan Real Estate Investment 4,642,444 1.75 1,046,000 Mitsubishi Estate 24,800,440 9.34

762,000 Mitsui Fudosan 18,428,373 6.94 530 Nippon Building Fund 5,476,626 2.06

266,000 Sumitomo Realty & Development 8,763,041 3.30 Singapore 79,104,757 29.78

3,011,333 Ascendas Real Estate Investment Trust 5,844,854 2.20 5,973,000 CapitaCommercial Trust 8,242,500 3.10 4,373,500 CapitaLand 13,252,488 4.99 4,410,100 CapitaMall Trust 7,692,980 2.89 2,475,000 CapitaMalls Asia 3,932,271 1.48 5,584,000 Fortune Real Estate Investment Trust 4,589,480 1.73 2,169,000 Frasers Centrepoint Trust 3,552,680 1.34 2,220,000 Hongkong Land 15,517,800 5.84

86,500 Jardine Strategic 3,072,480 1.16 2,304,640 Mapletree Industrial Trust 2,566,898 0.97 4,324,000 Suntec Real Estate Investment Trust 5,931,534 2.23 1,004,000 UOL 4,908,792 1.85


슈로더 아시아 토탈 리턴 펀드 (Asian Total Return) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 198,161,674 10.16 3,523,444 Amcor 29,501,043 1.51 5,969,787 Brambles 46,515,236 2.39 1,823,188 Computershare 17,005,429 0.87

557,060 CSL 31,152,091 1.60 7,198,480 DuluxGroup 28,231,182 1.45 1,087,422 Newcrest Mining 25,023,964 1.28

681,315 Woolworths 20,732,729 1.06 China 77,145,597 3.96

3,908,141 Alacer Gold 19,219,630 0.99 1,637,200 China Lodging ADR 26,522,640 1.36 1,993,862 WuXi PharmaTech Cayman ADR 31,403,327 1.61

Hong Kong SAR 475,476,818 24.38 6,013,000 AIA 23,469,037 1.20 4,128,500 BOC Hong Kong 12,837,723 0.66

11,713,000 Chow Sang Sang 27,172,933 1.39 23,899,000 Dah Chong Hong 25,131,362 1.29

5,699,000 Haitian International 6,801,725 0.35 4,140,000 Hang Lung 23,530,163 1.21 4,394,000 Hang Lung Properties 17,461,818 0.90 1,274,000 Hong Kong Aircraft Engineering 17,489,997 0.90 2,676,400 HSBC 28,075,031 1.44

39,142,500 Johnson Electric 26,060,152 1.34 20,356,000 Pacific Textile 18,280,176 0.94 16,864,800 Samsonite International 34,772,559 1.78

5,360,500 Stella International 14,524,570 0.74 2,891,000 Sun Hung Kai Properties 43,344,391 2.22 9,327,500 Swire Pacific 21,446,264 1.10

11,769,650 Swire Properties 39,255,705 2.01 22,995,500 Techtronic Industries 42,606,512 2.18

4,480,000 Television Broadcasts 33,468,424 1.72 5,909,500 Yue Yuen Industrial 19,748,276 1.01

India 48,888,530 2.51 1,703,383 Apollo Hospitals Enterprise 24,386,919 1.25 1,779,068 Shriram Transport Finance 24,501,611 1.26

Indonesia 84,460,451 4.32 5,021,000 Astra Agro Lestari 10,098,387 0.52

42,042,000 Bank Mandiri Persero 34,766,738 1.78 33,887,000 BW Plantation 4,774,279 0.24 29,281,000 Holcim Indonesia 8,669,209 0.44

123,524,353 Salim Ivomas Pratama 14,502,604 0.74 50,713,000 Surya Citra Media 11,649,234 0.60

Malaysia 32,802,850 1.68 3,186,800 Carlsberg Brewery-Malaysia 13,047,330 0.67 3,639,300 Guinness Anchor 19,755,520 1.01

Philippines 104,705,732 5.36 1,012,370 Ayala 12,762,626 0.65

62,870,300 Ayala Land 40,549,121 2.08 2,003,280 GT Capital 30,286,116 1.55

52,462,650 SM Prime 21,107,869 1.08 Singapore 456,547,171 23.41

19,522,000 Frasers Centrepoint Trust 31,975,759 1.64 6,915,000 Hongkong Land 48,335,850 2.48 1,642,000 Jardine Cycle & Carriage 64,749,437 3.32 1,600,101 Jardine Matheson 99,206,262 5.09 2,694,815 Jardine Strategic 95,719,829 4.91 4,770,000 Keppel 42,971,213 2.20

10,658,000 SembCorp Marine 40,151,345 2.06 6,839,000 UOL 33,437,476 1.71

South Korea 81,976,414 4.20 243,119 Hyundai Motor 49,800,785 2.55 22,550 Samsung Electronics 32,175,629 1.65

Sri Lanka 20,254,459 1.04 11,762,600 John Keells 20,254,459 1.04

Taiwan 125,723,602 6.45 6,088,901 Giant Manufacturing 34,890,113 1.79 7,892,100 Merida Industry 35,308,979 1.81

16,632,739 Taiwan Semiconductor Manufacturing 55,524,510 2.85 Thailand 196,901,192 10.09

33,854,240 Bangkok Chain Hospital (Foreign) 10,015,720 0.51 157,500 Bank of Ayudhya (Foreign) 167,334 0.01

16,249,300 Bank of Ayudhya (NVDR) 17,263,885 0.88 75,474,360 Home Product Center (Foreign) 31,087,837 1.59

3,376,700 Kasikornbank (Foreign) 21,359,642 1.10 5,281,100 Kasikornbank (NVDR) 33,406,108 1.71

3,038,700 Siam City Cement (NVDR) 41,721,281 2.14 2,872,400 Siam Makro Public (Foreign) 41,879,385 2.15

United Kingdom 12,664,370 0.65 1,548,548 New Britain Palm Oil 12,664,370 0.65

United States of America 19,326,085 0.99 4,727,714 ResMed 19,326,085 0.99



슈로더 브라질 주식 펀드 (Brazilian Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 12,262,735 91.32 55,600 Banco Bradesco Preference 954,484 7.11 28,519 Banco do Brasil 356,366 2.65 28,000 Banco Santander Brasil 204,598 1.52 39,200 BM&FBovespa 267,877 2.00 7,600 Bradespar Preference 121,788 0.91

40,000 Brazil Pharma 281,154 2.09 39,445 BRF - Brasil Foods ADR 814,145 6.06 40,000 CCR 379,753 2.83 6,769 Cielo 188,298 1.40

14,723 Companhia de Bebidas das Americas Preference 615,021 4.58

3,202 Companhia de Saneamento Basico do Estado de Sao Paulo 135,773 1.01

37,100 Companhia Energetica de Minas Gerais Preference 409,264 3.05

66,321 Companhia Siderurgica Nacional 383,935 2.86 72,800 Even Construtora e Incorporadora 334,027 2.49 25,000 Fleury 281,276 2.09 33,000 Hypermarcas 267,711 1.99 10,000 Iguatemi Empresa de Shopping Centers 132,962 0.99 36,400 Itau Unibanco ADR Preference 590,772 4.40 62,550 Itausa-Investimentos Itau Preference 295,851 2.20 13,500 Kroton Educacional 304,766 2.27 46,773 Lojas Americanas Preference 418,484 3.12 12,200 Lojas Renner 474,911 3.54 53,600 Marcopolo Preference 337,502 2.51 40,000 Minerva 219,456 1.63 9,000 Natura Cosmeticos 257,607 1.92

50,000 Oi Preference 203,056 1.51 70,000 PDG Realty Empreendimentos e Participações 113,096 0.84 18,194 Petroleo Brasileiro ADR 346,960 2.58 27,000 Petroleo Brasileiro Preference 257,256 1.92 31,000 Qualicorp 320,940 2.39 63,000 Restoque Comercio e Confeccoes de Roupas 292,752 2.18 13,600 Santos Brasil Participações 193,840 1.44 8,000 Souza Cruz 120,310 0.90

47,000 Usinas Siderurgicas de Minas Gerais 'A' Preference 293,650 2.19

23,000 Vale 474,662 3.54 30,138 Vale ADR 618,432 4.61

United States of America 389,451 2.90 22,735 Cosan 389,451 2.90



시가 USD

% 순자산

Brazil 202,167 1.51 59,000 Suzano Papel e Celulose 202,167 1.51

기타 규제시장에서 거래되지 않는 총 기타 양도성증권 202,167 1.51 총 투자자산 12,854,353 95.73 기타 순자산 574,017 4.27 순자산가치 13,428,370 100.00

슈로더 브릭스 펀드 (BRIC (Brazil, Russia, India, China)) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 727,020,391 28.35 3,707,836 Banco Bradesco ADR 63,700,623 2.48 3,710,700 BR Malls Participações 48,939,871 1.91 3,255,268 BR Properties 40,518,052 1.58 1,967,600 BRF - Brasil Foods 40,519,863 1.58

456,200 BRF - Brasil Foods ADR 9,415,968 0.37 5,764,452 CCR 54,726,701 2.13 1,530,319 Companhia Hering 31,365,302 1.22

1,511,555 Companhia de Bebidas das Americas ADR Preference 63,439,963 2.47

3,102,900 Gerdau ADR 27,429,636 1.07 5,435,487 Itau Unibanco ADR Preference 88,217,954 3.44 1,077,500 Lojas Renner 41,943,977 1.64

762,211 Petroleo Brasileiro ADR 14,535,364 0.57 1,672,428 Petroleo Brasileiro ADR Preference 31,742,683 1.24 2,200,523 Ultrapar Participações 49,720,413 1.94

132,400 Vale 2,732,402 0.11 3,302,700 Vale ADR 67,771,404 2.64 2,245,254 Vale ADR Preference 44,590,744 1.74

286,200 Vale Preference 5,709,471 0.22 China 14,900,714 0.58

451,400 Mindray Medical International ADR 14,900,714 0.58 Cyprus 5,292,347 0.21

320,554 Globaltrans Investment GDR 5,292,347 0.21 Hong Kong SAR 1,060,551,846 41.36

21,282,000 Belle International 46,186,719 1.80 175,061,040 China Construction Bank 'H' 140,494,258 5.48

3,530,000 China Life Insurance 'H' 11,523,222 0.45 7,742,000 China Mobile 90,152,767 3.52

22,928,000 China Overseas Land & Investment 68,337,146 2.66 20,014,600 China Pacific Insurance 'H' 73,986,116 2.89 81,278,000 China Petroleum & Chemical 'H' 92,075,950 3.59 17,450,000 China Resources Power 44,534,892 1.74 50,404,000 China Telecom 'H' 28,029,862 1.09 55,782,700 CNOOC 120,773,088 4.71 24,246,000 Dongfeng Motor 'H' 37,415,363 1.46 3,983,300 Hengan International 35,950,871 1.40

151,221,935 Industrial & Commercial Bank of China 'H' 107,313,946 4.18 7,926,000 PetroChina 'H' 11,228,845 0.44 3,126,100 Tencent 100,434,032 3.92

10,878,000 Weichai Power 'H' 48,282,103 1.88 1,035,000 Zhuzhou CSR Times Electric 'H' 3,832,666 0.15

India 342,916,060 13.36 110,693 Dr Reddy's Laboratories 3,682,890 0.14

6,835,803 HDFC Bank 84,349,048 3.29 3,544,022 ICICI Bank 73,351,815 2.86 8,024,589 ITC 41,848,388 1.63 1,665,666 Lupin 18,592,037 0.72 1,759,882 Mahindra & Mahindra 29,813,512 1.16 1,047,120 Reliance Industries 15,985,264 0.62

832,960 Reliance Infrastructure 7,884,305 0.31 1,202,002 Tata Consultancy Services 27,448,572 1.07 7,028,987 Tata Motors 39,960,229 1.56

Russia 365,941,901 14.27 5,698,540 Gazprom OAO ADR 53,908,188 2.10 1,645,717 Lukoil OAO ADR 108,864,180 4.25

590,100 Magnit GDR 23,663,010 0.92 607,974 Mail.ru GDR 20,975,103 0.82

1,845,637 Mobile Telesystems ADR 34,402,674 1.34 107,334 NovaTek OAO GDR 12,858,613 0.50

1,664,744 Rosneft OAO GDR 14,832,869 0.58 6,597,888 Sberbank of Russia ADR 81,154,022 3.16 1,242,540 Sberbank of Russia ADR (London) 15,283,242 0.60

United Kingdom 18,090,374 0.71 950,697 Polymetal International 18,090,374 0.71

United States of America 1,044,305 0.04 117,206 Rosneft OAO GDR 1,044,305 0.04

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 2,535,757,938 98.88 총 투자자산 2,535,757,938 98.88 기타 순자산 28,804,225 1.12 순자산가치 2,564,562,163 100.00

슈로더 차이나 오퍼튜니티 펀드 (China Opportunities) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산


China 35,866,998 4.15 715,700 AirMedia ADR 1,452,871 0.17 204,000 Baidu ADR 20,196,000 2.33 403,870 Bona Film ADR 1,934,537 0.22 682,400 Phoenix New Media ADR 2,388,400 0.28 614,100 WuXi PharmaTech Cayman ADR 9,672,075 1.12 90,330 Xueda Education ADR 223,115 0.03

Hong Kong SAR 748,654,208 86.57 4,139,800 AIA 16,157,844 1.87

13,588,000 Air China 'H' 11,483,533 1.33 30,357,900 Bank of China 'H' 13,552,721 1.57 8,390,000 BBMG 'H' 7,621,024 0.88

30,818,000 Beijing Enterprises Water 7,952,673 0.92 4,710,000 Belle International 10,221,758 1.18 7,462,000 BOC Hong Kong 23,203,365 2.68 7,827,000 China Coal Energy 'H' 8,503,273 0.98

84,394,620 China Construction Bank 'H' 67,730,430 7.83 4,592,000 China High Speed Transmission Equipment 1,789,318 0.21 9,520,680 China Life Insurance 'H' 31,079,010 3.59

22,500,600 China Medical System 17,419,033 2.01 5,538,000 China Mobile 64,487,991 7.46

10,147,000 China Modern Dairy 2,788,662 0.32 2,194,000 China Overseas Land & Investment 6,539,240 0.76 9,376,400 China Pacific Insurance 'H' 34,660,868 4.01

23,362,000 China Petroleum & Chemical 'H' 26,465,690 3.06 3,696,000 China Resources Cement 2,422,559 0.28 2,406,000 China Resources Land 6,550,233 0.76 2,124,000 China Resources Power 5,420,751 0.63 4,127,500 China Shenhua Energy 'H' 18,080,296 2.09 7,235,200 China Taiping Insurance 14,656,453 1.69

19,070,000 China Telecom 'H' 10,604,902 1.23 4,834,000 China Unicom Hong Kong 7,746,525 0.90 2,083,000 Chow Sang Sang International 4,832,342 0.56 3,477,000 CITIC Securities 'H' 8,793,048 1.02

19,285,000 CNOOC 41,753,250 4.83 3,844,000 CPMC 2,668,359 0.31 8,790,000 CSR 'H' 7,666,802 0.89

18,086,000 Foxconn International 8,774,231 1.01 26,745,000 Geely Automobile 12,664,480 1.46 4,083,000 Hainan Meilan International Airport 'H' 2,765,778 0.32 2,240,000 Haitong Securities 'H 3,843,955 0.44

77,756,330 Industrial & Commercial Bank of China 'H' 55,179,420 6.38 1,970,000 Jiangxi Copper 'H' 5,185,314 0.60 1,292,500 Kerry Properties 6,712,358 0.78

10,770,000 Kunlun Energy 22,483,965 2.60 5,753,800 Lianhua Supermarket 'H' 5,508,551 0.64

15,344,500 Longfor Properties 30,054,063 3.47 4,310,500 Parkson Retail 3,476,053 0.40

24,224,000 PetroChina 'H' 34,318,388 3.97 6,632,000 Shandong Weigao Medical Polymer 'H' 6,597,472 0.76

18,212,000 Sino Biopharmaceutical 8,694,369 1.01 132,000 Sinopec Kantons 86,520 0.01

1,164,000 Tencent 37,396,505 4.32 46,698,000 Tibet 5100 Water Resources 15,123,443 1.75 1,563,000 Weichai Power 'H' 6,937,390 0.80

United States of America 6,588,432 0.76 136,350 SINA/China 6,588,432 0.76

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 796,074,979 92.05 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

China 51,886,254 6.00 2,806,300 Anhui Conch Cement Warrants 10/02/2017 8,320,680 0.96 6,462,500 China Railway Construction Warrants 05/12/2017 6,107,063 0.71 1,553,100 CITIC Securities Warrants 10/02/2017 3,323,634 0.38

11,973,700 CSR Warrants 01/08/2017 9,519,092 1.10 883,500 Fujian Septwolves Industry Warrants 25/04/2013 2,677,270 0.31

2,357,000 Guangzhou Friendship Warrants 14/12/2017 4,407,590 0.51 1,157,842 Jiangsu Hengrui Medicine Warrants 06/02/2017 5,598,166 0.65 8,871,940 Sichuan Chuantou Energy Warrants 08/05/2017 11,932,759 1.38

Netherlands 15,636,180 1.81

7,500 Schroders China-A Dynamic Custom Index Warrants 07/07/2015 15,636,180 1.81

총 금융파생상품 67,522,434 7.81 총 투자자산 863,597,413 99.86 기타 순자산 1,186,387 0.14 순자산가치 864,783,800 100.00

슈로더 이머징 아시아 펀드 (Emerging Asia) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 68,677,757 3.40 607,080 BHP Billiton 23,367,717 1.16

1,968,958 Newcrest Mining 45,310,040 2.24 China 40,349,430 2.00

407,570 Baidu ADR 40,349,430 2.00 Hong Kong SAR 577,538,255 28.63

8,632,000 AIA 33,691,124 1.67 32,139,500 Baoxin Auto 26,000,718 1.29 18,686,000 China Coal Energy 'H' 20,300,518 1.01 29,807,190 China Construction Bank 'H' 23,921,593 1.18 34,499,000 China Huiyuan Juice 12,552,618 0.62 6,803,000 China Life Insurance 'H' 22,207,500 1.10 8,847,000 China Mengniu Dairy 25,112,930 1.24 1,960,500 China Mobile 22,829,308 1.13 2,843,000 China Pacific Insurance 'H' 10,509,454 0.52 5,302,000 China Petroleum & Chemical 'H' 6,006,382 0.30

27,638,000 China Shipping Development 'H' 15,833,184 0.78 6,696,200 China Taiping Insurance 13,564,593 0.67

24,006,000 China Telecom 'H' 13,349,831 0.66 26,669,000 China ZhengTong Auto Services 18,547,022 0.92 25,680,000 CNOOC 55,598,831 2.76 13,770,000 CSR 'H' 12,010,451 0.60 22,969,000 Foxconn International 11,143,166 0.55 9,708,000 Haitong Securities 'H 16,659,428 0.83

979,100 Hong Kong Exchanges & Clearing 16,662,898 0.83 2,456,800 HSBC 25,771,461 1.28

65,283,490 Industrial & Commercial Bank of China 'H' 46,328,126 2.30 13,746,000 Kunlun Energy 28,696,805 1.42

118,514,000 PCD Stores 14,373,952 0.71 15,976,000 Shandong Weigao Medical Polymer 'H' 15,892,826 0.79 40,764,000 Shenguan 22,037,864 1.09 22,163,000 Springland International 11,810,201 0.59

720,000 Sun Hung Kai Properties 10,794,867 0.54 32,044,000 Tibet 5100 Water Resources 10,377,653 0.51 4,038,000 Zhuzhou CSR Times Electric 'H' 14,952,951 0.74

India 144,500,181 7.16 3,189,118 Dabur India 7,474,812 0.37 1,293,215 Glenmark Pharmaceuticals 12,428,926 0.62

926,890 HDFC Bank 11,437,177 0.57 998,380 ICICI Bank 20,663,806 1.02 626,640 Infosys Technologies 26,420,405 1.31 629,650 Larsen & Toubro 18,400,618 0.91

1,900,270 Mahindra & Mahindra 32,191,773 1.59 1,124,200 Shriram Transport Finance 15,482,664 0.77

Indonesia 119,312,948 5.92 43,866,022 Bank Mandiri Persero 36,275,118 1.80 34,760,600 Delta Dunia Makmur 542,968 0.03


18,546,000 Semen Gresik Persero 30,010,628 1.49 22,204,500 Telekomunikasi Indonesia Persero 20,515,643 1.02

Malaysia 23,603,641 1.17 3,871,600 Genting 11,647,717 0.58 7,168,866 IOI 11,955,924 0.59

Philippines 5,293,612 0.26 8,207,600 Ayala Land 5,293,612 0.26

Singapore 65,327,200 3.24 296,000 Jardine Matheson 18,352,000 0.91

1,322,500 Jardine Strategic 46,975,200 2.33 South Korea 363,010,539 18.00

243,086 GS Engineering & Construction 13,058,113 0.65 262,760 Hankook Tire 11,577,718 0.57 74,580 Hyundai Mobis 20,136,348 1.00

331,610 Hyundai Motor 67,927,387 3.37 105,360 LG Chem 32,595,343 1.61 138,770 Samsung Electronics 198,004,969 9.82 57,293 Samsung Fire & Marine Insurance 11,709,111 0.58 90,510 Samsung Life Insurance 8,001,550 0.40

Taiwan 297,570,531 14.75 2,122,000 Asustek Computer 23,843,927 1.18 5,070,776 Far EasTone Telecommunications 12,931,290 0.64

28,350,778 Hon Hai Precision Industry 86,739,311 4.30 1,173,000 HTC 12,130,863 0.60 3,806,262 MediaTek 42,376,218 2.10 1,049,469 MStar Semiconductor 7,873,636 0.39 3,185,000 Novatek Microelectronics 12,879,427 0.64 3,768,770 Radiant Opto-Electronics 15,499,467 0.77

18,950,066 Taiwan Semiconductor Manufacturing 63,260,364 3.14 38,942,265 Yuanta Financial 20,036,028 0.99

Thailand 123,222,757 6.11 7,359,200 Bangkok Bank (Foreign) 50,280,248 2.49 1,774,200 Banpu (Foreign) 23,895,731 1.19 7,753,700 Kasikornbank (Foreign) 49,046,778 2.43

United States of America 48,322,622 2.40 1,129,600 AsiaInfo-Linkage 12,143,200 0.60

485,910 SINA/China 23,479,171 1.17 273,300 Sohu.com 12,700,251 0.63

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,876,729,473 93.04 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

China 79,886,078 3.96 4,016,400 Anhui Conch Cement Warrants 10/02/2017 11,908,626 0.59

12,609,722 CITIC Securities Warrants 10/02/2017 26,984,805 1.34 19,917,100 CSR Warrants 01/08/2017 15,834,095 0.78

2,424,690 Jiangsu Hengrui Medicine Warrants 06/02/2017 11,723,376 0.58

1,848,590 Ping An Insurance Warrants 08/09/2014 13,435,176 0.67 Netherlands 47,227,332 2.34

153,562 Bank of China Warrants 0% 30/04/2013 21,167,032 1.05


총 금융파생상품 127,113,410 6.30 총 투자자산 2,003,842,883 99.34 기타 순자산 13,271,500 0.66 순자산가치 2,017,114,383 100.00

슈로더 이머징 유럽 펀드 (Emerging Europe) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Cayman Islands 6,894,896 1.16 255,200 Eurasia Drilling GDR 6,894,896 1.16

Cyprus 5,928,624 1.00 474,491 Globaltrans Investment GDR 5,928,624 1.00

Czech Republic 5,833,447 0.99 122,277 CEZ 3,305,563 0.56 15,857 Komercni Banka 2,527,884 0.43

Hungary 15,799,412 2.66 24,129 MOL Hungarian Oil and Gas 1,466,690 0.25

115,617 Richter Gedeon 14,332,722 2.41 Kazakhstan 13,052,898 2.20

2,103,363 Halyk Savings Bank of Kazakhstan GDR 13,052,898 2.20 Poland 79,522,410 13.39

674,700 Cyfrowy Polsat 2,710,021 0.46 667,068 Eurocash 7,135,180 1.20 420,269 KGHM Polska Miedz 19,544,941 3.29

1,224,312 PGE 5,457,019 0.92 2,077,833 Powszechna Kasa Oszczednosci Bank Polski 18,766,809 3.16

242,218 Powszechny Zaklad Ubezpieczen 25,908,440 4.36 Russia 314,652,306 52.98

539,450 Gazprom OAO ADR 3,862,079 0.65 5,232,814 Gazprom OAO ADR (London) 37,463,236 6.31 1,172,909 Lukoil OAO ADR 58,718,239 9.89

640,900 Magnit GDR 19,449,727 3.28 363,543 Mail.ru GDR 9,491,913 1.60 275,000 MD Medical Group Investments 2,595,243 0.44 166,386 MegaFon OAO GDR 2,996,902 0.51 940,703 MMC Norilsk Nickel ADR 13,120,691 2.21 38,560 MMC Norilsk Nickel ADR (US) 537,825 0.09


2,114,497 Rosneft Oil GDR 14,258,165 2.40 145,550 Rostelecom ADR 2,630,422 0.44

5,040,710 Sberbank of Russia ADR 46,921,910 7.90 738,232 Sberbank of Russia ADR (London) 6,871,900 1.16

3,580,106 Surgutneftegas OAO ADR Preference 17,367,319 2.92 592,300 Surgutneftegaz OAO ADR 3,944,603 0.66 371,900 Tatneft OAO ADR 12,262,883 2.06 232,700 Uralkali GDR 6,729,027 1.13

3,250,200 VTB Bank GDR 8,510,695 1.43 Turkey 125,212,544 21.08

1,099,197 Akbank 4,128,354 0.69 226,770 Anadolu Efes Biracilik Ve Malt Sanayii 2,470,509 0.42 573,119 Aselsan Elektronik Sanayi Ve Ticaret 2,021,323 0.34 462,829 Coca-Cola Icecek 7,180,742 1.21

6,560,384 Emlak Konut Gayrimenkul Yatirim Ortakligi 8,621,019 1.45 1,504,364 Haci Omer Sabanci 6,275,028 1.06 2,890,320 Turkcell Iletisim Hizmetleri 14,151,275 2.38 5,879,608 Turkiye Garanti Bankasi 23,278,924 3.92 3,509,552 Turkiye Halk Bankasi 26,332,531 4.43 7,131,077 Turkiye Is Bankasi 18,741,937 3.16 3,639,077 Turkiye Vakiflar Bankasi 7,142,330 1.20 2,208,669 Yapi ve Kredi Bankasi 4,868,572 0.82

United Kingdom 5,431,586 0.91 212,120 Bank of Georgia 2,677,721 0.45 191,231 Polymetal International 2,753,865 0.46

United States of America 12,556,119 2.11 801,550 Gazprom OAO ADR 5,738,529 0.96 675,894 Rosneft OAO GDR 4,557,589 0.77 137,300 Yandex 2,260,001 0.38


시가 EUR

% 순자산

Russia 4,706,693 0.79 2,051,270 Sberbank of Russia Warrants 28/02/2018 4,706,693 0.79


슈로더 이머징 마켓 펀드 (Emerging Markets) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 421,895,998 12.47 2,022,552 Banco Bradesco ADR 34,747,443 1.03 1,968,159 BR Malls Participações 25,957,757 0.77 1,916,257 BR Properties 23,851,493 0.71

742,600 BRF - Brasil Foods 15,292,768 0.45 628,100 BRF - Brasil Foods ADR 12,963,984 0.38

3,288,304 CCR 31,218,584 0.92 819,088 Companhia Hering 16,787,966 0.50

781,355 Companhia de Bebidas das Americas ADR Preference 32,793,469 0.97

1,547,200 Gerdau ADR Preference 13,677,248 0.40 1,148,319 Iochpe-Maxion 15,329,977 0.45 3,093,598 Itau Unibanco ADR Preference 50,209,096 1.48

527,933 Lojas Renner 20,550,914 0.61 314,432 Petroleo Brasileiro ADR 5,996,218 0.18 949,949 Petroleo Brasileiro ADR Preference 18,030,032 0.53 201,709 Raia Drogasil 2,271,405 0.07

1,004,700 Ultrapar Participações 22,701,012 0.67 335,600 Ultrapar Participações ADR 7,493,948 0.22

2,140,000 Vale ADR 43,912,800 1.30 1,415,402 Vale ADR Preference 28,109,884 0.83

China 14,286,728 0.42 432,800 Mindray Medical International ADR 14,286,728 0.42

Colombia 41,737,919 1.23 800,102 Almacenes Exito 16,074,488 0.47 633,928 Cementos Argos 3,623,471 0.11 364,900 Ecopetrol ADR 22,039,960 0.65


Czech Republic 9,698,654 0.29 46,042 Komercni Banka 9,698,654 0.29

Egypt 38,315,180 1.13 4,845,597 Commercial International Bank Egypt 26,315,239 0.78

298,506 Orascom Construction Industries GDR 11,999,941 0.35 Hong Kong SAR 606,233,195 17.91

4,072,400 AIA 15,894,779 0.47 25,154,000 Bank of China 'H' 11,229,537 0.33 9,873,000 Belle International 21,426,627 0.63

101,649,210 China Construction Bank 'H' 81,578,004 2.41 3,500,000 China Life Insurance 'H' 11,425,290 0.34 3,823,500 China Mobile 44,523,263 1.32

11,812,000 China Overseas Land & Investment 35,205,791 1.04 9,703,200 China Pacific Insurance 'H' 35,868,919 1.06

40,696,000 China Petroleum & Chemical 'H' 46,102,548 1.36 12,996,000 China Resources Power 33,167,648 0.98 31,450,000 China Telecom 'H' 17,489,468 0.52 31,111,000 CNOOC 67,357,291 1.99 6,990,000 Dah Chong Hong 7,350,442 0.22

18,208,000 Dongfeng Motor 'H' 28,097,787 0.83 2,711,500 Hengan International 24,472,369 0.72

60,547,760 Industrial & Commercial Bank of China 'H' 42,967,438 1.27 4,334,000 PetroChina 'H' 6,140,022 0.18 1,571,300 Tencent 50,482,069 1.49 5,258,400 Weichai Power 'H' 23,339,457 0.69

571,000 Zhuzhou CSR Times Electric 'H' 2,114,446 0.06 Hungary 8,305,916 0.25

50,706 Richter Gedeon Nyrt 8,305,916 0.25 India 169,855,683 5.02

3,648,930 HDFC Bank 45,025,255 1.33 1,810,829 ICICI Bank 37,479,336 1.11

164,519 ICICI Bank ADR 7,153,286 0.21 1,856,362 Lupin 20,720,571 0.61

782,993 Mahindra & Mahindra 13,264,395 0.39 540,062 Reliance Industries 8,244,550 0.24 351,937 Reliance Infrastructure 3,331,227 0.10 545,942 Tata Consultancy Services 12,466,974 0.37

3,899,709 Tata Motors 22,170,089 0.66 Indonesia 37,589,430 1.11

24,867,000 Bank Mandiri Persero 20,563,828 0.61 10,521,500 Semen Gresik Persero 17,025,602 0.50

Malaysia 117,704,453 3.48 12,746,500 Axiata 27,468,749 0.81 8,416,100 CIMB 20,998,968 0.62 6,251,600 Genting 18,807,953 0.56 4,488,000 Public Bank 23,892,950 0.71 8,523,800 Sime Darby 26,535,833 0.78

Mexico 176,304,709 5.21 6,511,221 Alfa 13,741,872 0.41 2,314,537 Alpek 6,200,019 0.18 1,383,426 America Movil ADR 31,721,958 0.94

430,800 Fomento Economico Mexicano ADR 43,304,016 1.28 2,837,613 Grupo Bimbo 7,159,852 0.21 3,733,654 Grupo Financiero Banorte 24,125,370 0.71 7,228,200 Grupo Mexico 26,040,999 0.77 4,351,025 Mexichem 24,010,623 0.71

Philippines 31,545,467 0.93 229,400 Ayala 2,891,973 0.08

27,340,000 Ayala Land 17,633,333 0.52 512,400 SM Investments 11,020,161 0.33

Poland 52,340,314 1.55 2,718,423 Cyfrowy Polsat 14,427,802 0.43

339,735 KGHM Polska Miedz 20,877,017 0.62 120,531 Powszechny Zaklad Ubezpieczen 17,035,495 0.50

Qatar 19,117,939 0.56 448,797 Industries Qatar 19,117,939 0.56

Russia 196,722,961 5.81 4,469,144 Gazprom OAO ADR 42,278,102 1.25

398,552 Magnit GDR 15,981,935 0.47 456,661 Mail.ru GDR 15,754,805 0.47


1,170,642 Rosneft Oil GDR 10,430,420 0.31 876,558 Sberbank of Russia ADR (London) 10,781,663 0.32

5,084,876 Sberbank of Russia ADR 62,543,975 1.85 South Africa 90,252,965 2.67

354,903 AngloGold Ashanti 10,985,611 0.33 457,077 Foschini 7,590,805 0.22 363,025 Mr Price 5,996,732 0.18 324,861 Naspers 20,821,278 0.62 299,322 Sasol 12,813,152 0.38 691,625 Shoprite 16,688,375 0.49

1,094,833 Standard Bank 15,357,012 0.45 South Korea 620,253,318 18.33

860,260 Cheil Worldwide 17,379,723 0.51 46,890 CJ CheilJedang 15,627,362 0.46 71,285 Daum Communications 6,088,108 0.18

1,023,870 DGB Financial 13,966,052 0.41 245,718 Hankook Tire 10,826,814 0.32 78,894 Hyundai Department Store 11,759,990 0.35

212,750 Hyundai Engineering & Construction 13,961,544 0.41 62,167 Hyundai Heavy Industries 14,103,962 0.42

154,942 Hyundai Mobis 41,833,817 1.24 330,585 Hyundai Motor 67,717,425 2.00 225,495 LG Chem 69,761,644 2.06 68,054 LG Household & Health Care 41,916,487 1.24

160,999 Samsung Electronics 229,722,577 6.79 9,048 Samsung Fire & Marine Insurance 1,849,162 0.05

447,260 Shinhan Financial 16,289,844 0.48 179,982 SK Innovation 29,359,197 0.87 126,530 SK Telecom 18,089,610 0.54

Taiwan 257,253,193 7.60 2,111,694 Asustek Computer 23,728,124 0.70

21,747,795 Chinatrust Financial 12,835,967 0.38 16,870,067 Hon Hai Precision Industry 51,614,033 1.52 2,087,000 MediaTek 23,235,176 0.69 3,677,000 Radiant Opto-Electronics 15,122,053 0.45

13,085,457 Taiwan Cement 17,518,129 0.52 3,621,000 Taiwan Mobile 13,334,033 0.39

25,945,432 Taiwan Semiconductor Manufacturing 86,612,758 2.56 10,133,950 WPG 13,252,920 0.39

Thailand 194,171,082 5.74 2,148,500 Advanced Info Service (Foreign) 14,679,193 0.43 7,110,200 Bangkok Bank (Foreign) 48,579,006 1.44

17,951,200 CP ALL (Foreign) 26,994,286 0.80 131,500 Kasikornbank (Foreign) 831,816 0.02

8,341,200 Kasikornbank (NVDR) 52,763,066 1.56 3,881,100 PTT (Foreign) 42,122,432 1.25 3,716,700 Thai Oil (Foreign) 8,201,283 0.24

Turkey 151,654,570 4.48 419,713 Anadolu Efes Biracilik Ve Malt Sanayii 6,041,911 0.18

9,527,953 Emlak Konut Gayrimenkul Yatirim Ortakligi 16,544,365 0.49 979,027 Haci Omer Sabanci 5,396,082 0.16

4,275,659 Turkcell Iletisim Hizmetleri 27,661,380 0.82 7,190,232 Turkiye Garanti Bankasi 37,616,516 1.11 3,021,497 Turkiye Halk Bankasi 29,956,028 0.88 8,188,851 Turkiye Is Bankasi 28,438,288 0.84

United Kingdom 15,077,585 0.44 792,367 Polymetal International 15,077,585 0.44

United States of America 82,186,526 2.43 146,762 Gazprom OAO ADR 1,388,369 0.04

1,209,232 Lukoil OAO ADR 79,990,697 2.36 90,624 Rosneft OAO GDR 807,460 0.03


슈로더 유럽 디비던드 맥시마이져 펀드 (European Dividend Maximiser) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 5,620,815 5.27 120,884 Ageas 2,685,438 2.52 38,310 Delhaize 1,158,877 1.09 16,246 Solvay 1,776,500 1.66

Denmark 1,174,916 1.10 53,745 D/S Norden 1,174,916 1.10

Finland 472,951 0.44 19,431 Sampo 472,951 0.44

France 20,218,088 18.94 46,241 BNP Paribas 1,969,173 1.84 62,558 Cie de Saint-Gobain 2,015,619 1.89 32,829 Compagnie Générale des Etablissements Michelin 2,350,228 2.20 25,255 Euler Hermes 1,641,575 1.54 52,615 Safran 1,714,986 1.61 75,727 Sanofi 5,406,151 5.06 82,075 Total 3,201,746 3.00 53,354 Vinci 1,918,610 1.80

Germany 11,834,053 11.09 29,600 BASF 2,106,040 1.98 49,869 Bayer 3,585,082 3.36 25,890 Bayerische Motoren Werke Preference 1,262,267 1.18 28,152 Daimler 1,163,241 1.09

432,510 Deutsche Telekom 3,717,423 3.48 Ireland 1,802,647 1.69

5,055 CRH 77,341 0.07 112,799 CRH (London) 1,725,306 1.62

Italy 9,992,166 9.36 170,987 Atlantia 2,337,392 2.19 125,221 Eni 2,296,553 2.15

1,124,507 Intesa Sanpaolo 'RNC' 1,199,849 1.12 703,037 Snam 2,470,472 2.31

2,824,937 Telecom Italia ‘RSP’ 1,687,900 1.59 Netherlands 7,648,203 7.16

107,464 Delta Lloyd 1,325,568 1.24 30,100 Heineken 1,247,194 1.17

266,926 Koninklijke KPN 991,897 0.93 194,523 Reed Elsevier 2,175,740 2.04 123,283 Wolters Kluwer 1,907,804 1.78

Norway 7,700,497 7.21 260,337 DNB 2,493,515 2.33 204,595 Statoil 3,869,129 3.63 87,642 Telenor 1,337,853 1.25

Sweden 2,755,994 2.58 186,326 Swedbank 2,755,994 2.58

Switzerland 9,771,106 9.15 59,381 Novartis Registered 2,825,273 2.65 29,448 Roche 4,487,419 4.20 45,045 Swiss Re 2,458,414 2.30

United Kingdom 28,349,407 26.56 73,594 Admiral 1,046,277 0.98

556,584 BAE Systems 2,298,149 2.15 46,101 BHP Billiton 1,203,191 1.13

111,960 BP 582,900 0.55 23,927 British American Tobacco 915,226 0.86

245,567 British Land 1,691,425 1.58 363,163 Cape 943,591 0.88

1,079,327 Hays 1,088,678 1.02 104,482 Imperial Tobacco 3,038,685 2.85

1,464,913 Legal & General 2,614,084 2.45 317,836 Royal Bank of Scotland 1,264,050 1.18 139,632 Royal Dutch Shell 3,631,422 3.40 592,422 TESCO 2,439,590 2.29

2,031,241 Vodafone 3,844,995 3.60 542,034 WM Morrison Supermarkets 1,747,144 1.64

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 107,340,843 100.55 총 투자자산 107,340,843 100.55 기타 순부채 (588,289) (0.55) 순자산가치 106,752,554 100.00

슈로더 유럽 배당주 펀드 (European Equity Yield) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 1,547,485 5.22 33,280 Ageas 739,315 2.50 10,547 Delhaize 319,047 1.07 4,473 Solvay 489,123 1.65

Denmark 323,476 1.09 14,797 D/S Norden 323,476 1.09

Finland 130,219 0.44 5,350 Sampo 130,219 0.44

France 5,612,136 18.94 12,731 BNP Paribas 542,150 1.83 17,223 Cie de Saint-Gobain 554,925 1.87 9,038 Companie Générale des Etablissements Michelin 647,030 2.18 7,659 Euler Hermes 497,835 1.68

14,486 Safran 472,171 1.60 20,848 Sanofi 1,488,339 5.02 22,596 Total 881,470 2.98 14,689 Vinci 528,216 1.78

Germany 3,258,055 11.00 8,149 BASF 579,801 1.96

13,730 Bayer 987,050 3.33 7,128 Bayerische Motoren Werke Preference 347,526 1.17 7,751 Daimler 320,271 1.08

119,070 Deutsche Telekom 1,023,407 3.46 Ireland 496,402 1.68

31,003 CRH 474,346 1.60 1,442 CRH (London) 22,056 0.08

Italy 2,750,884 9.29 47,073 Atlantia 643,488 2.17 34,474 Eni 632,253 2.13

309,597 Intesa Sanpaolo 330,340 1.12 193,546 Snam 680,121 2.30 777,711 Telecom Italia ‘RSP’ Preference 464,682 1.57

Netherlands 2,105,645 7.11 29,585 Delta Lloyd 364,931 1.23 8,288 Heineken 343,413 1.16

73,490 Koninklijke KPN 273,089 0.92 53,553 Reed Elsevier 598,990 2.02 33,940 Wolters Kluwer 525,222 1.78

Norway 2,119,910 7.16 71,671 DNB 686,467 2.32 56,322 Statoil 1,065,114 3.60 24,129 Telenor 368,329 1.24

Sweden 758,717 2.55 51,295 Swedbank 758,717 2.55

Switzerland 2,689,856 9.08 16,346 Novartis Registered 777,722 2.63 8,107 Roche 1,235,381 4.17

12,400 Swiss Re 676,753 2.28 United Kingdom 7,487,641 25.27

20,261 Admiral 288,048 0.97 153,227 BAE Systems 632,678 2.14 12,691 BHP Billiton 331,223 1.12 30,834 BP 160,532 0.54 6,588 British American Tobacco 251,996 0.85

67,604 British Land 465,645 1.57 99,991 Cape 259,802 0.88

297,167 Hays 299,741 1.01 28,762 Imperial Tobacco 836,495 2.82

403,286 Legal & General 719,649 2.43 87,503 Royal Bank of Scotland 348,004 1.17 26,251 Royal Dutch Shell 682,712 2.31

163,092 Tesco 671,612 2.27 559,194 Vodafone 1,058,515 3.57 149,222 WM Morrison Supermarkets 480,989 1.62

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 29,280,426 98.83 총 투자자산 29,280,426 98.83 기타 순자산 346,088 1.17 순자산가치 29,626,514 100.00

슈로더 유럽 중소형주 펀드 (European Smaller Companies) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Austria 2,982,160 3.71 26,000 Kapsch TrafficCom 1,229,800 1.53 8,000 Mayr Melnhof Karton 647,040 0.81

24,000 Rosenbauer International 1,105,320 1.37 Belgium 1,767,680 2.2

22,000 D'ieteren 669,680 0.83 4,000 Kinepolis 327,960 0.41

31,000 Tessenderlo Chemie 770,040 0.96 Denmark 1,707,231 2.11

43,000 Jyske Bank 905,440 1.12 60,000 Sydbank 801,791 0.99

France 7,795,390 9.69 38,000 Alten 993,700 1.24 55,000 Bourbon 1,144,275 1.42 55,000 Club Méditerranée 735,900 0.92 5,515 Euler Hermes 358,475 0.45

210,000 Groupe Eurotunnel 1,226,400 1.52 9,900 ID Logistics 259,380 0.32

88,000 Inside Secure 248,160 0.31 220,000 Lectra 1,040,600 1.29 95,000 Medica 1,434,500 1.78 20,000 Saft Groupe 354,000 0.44

Germany 14,768,162 18.36 50,000 CANCOM 674,500 0.84 16,200 Cewe Color 502,767 0.63 31,042 Delticom 1,002,657 1.25 8,000 Draegerwerk Preference 612,160 0.76

80,000 Freenet 1,120,000 1.39 18,400 LPKF Laser & Electronics 289,800 0.36

210,000 Prime Office REIT 680,400 0.85

25,000 PSI Gesellschaft Fuer Produkte und Systeme der Informationstechnologie 385,125 0.48

30,000 R Stahl 809,700 1.01 28,500 Rheinmetall 1,037,400 1.29

212,337 RIB Software 932,159 1.16 191,309 SAF-Holland 1,001,503 1.24 23,000 STRATEC Biomedical 865,835 1.08 36,000 Tipp24 1,353,780 1.68 95,000 Tom Tailor 1,531,400 1.90 6,248 VTG 75,726 0.09

23,000 Wirecard 427,800 0.53 35,000 XING 1,465,450 1.82

Ireland 4,726,827 5.88 50,000 DCC 1,237,250 1.54

245,000 Grafton 943,250 1.17 451,716 IFG 631,127 0.79 35,000 Irish Continental 673,750 0.84

140,000 Smurfit Kappa 1,241,450 1.54 Italy 6,222,650 7.73

310,000 Amplifon 1,163,740 1.44 120,000 Azimut 1,302,000 1.62 292,315 Cairo Communication 722,018 0.90 200,000 Credito Emiliano 826,400 1.03 17,200 Danieli & C Officine Meccaniche 219,128 0.27 1,366 De'Longhi 14,917 0.02

12,789 Interpump 74,112 0.09 101,699 Natuzzi ADR 145,465 0.18 80,000 Prysmian 1,200,800 1.49

330,000 Sorin 554,070 0.69 Netherlands 2,659,687 3.31

135,078 Delta Lloyd 1,666,187 2.07 50,000 Koninklijke Ten Cate 993,500 1.24

Norway 3,537,946 4.4 405,000 Borregaard 1,146,098 1.42 300,000 Polarcus 271,015 0.34 19,500 Schibsted 624,783 0.78

410,000 Storebrand 1,496,050 1.86 Sweden 1,522,037 1.89

90,000 Byggmax 303,978 0.38 55,000 FinnvedenBulten 191,529 0.24 84,344 Loomis 1,026,530 1.27

Switzerland 6,787,013 8.44

100,000 Clariant Registered 1,022,798 1.27 1,600 Forbo Registered 775,173 0.96

71,422 Gategroup 1,419,601 1.77 4,000 Helvetia Registered 1,147,853 1.43 6,000 Kuoni Reisen Registered 1,361,522 1.69

25,000 Orior 1,060,066 1.32 United Kingdom 23,747,256 29.51

447,249 CSR 1,829,709 2.28 200,000 Daily Mail & General Trust 1,350,604 1.68

1,845,000 Dart 2,849,137 3.54 240,000 Domino Printing Sciences 1,714,850 2.13 590,000 Eco Animal Health 1,814,981 2.26

7,006,268 Findel 789,989 0.98 437,918 Gulfsands Petroleum 603,127 0.75 525,000 International Personal Finance 2,400,018 2.98 220,000 James Fisher & Sons 2,184,007 2.71 535,000 London Mining 950,754 1.18 100,000 Pace 230,902 0.29 225,000 Premier Oil 927,927 1.15

1,958,898 PV Crystalox Solar 276,093 0.34 1,200,000 Shanks 1,283,196 1.59

900,000 SIG 1,334,671 1.66 154,186 Sports Direct International 730,367 0.91 40,000 Victrex 793,694 0.99

180,000 WS Atkins 1,683,230 2.09 공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 78,224,039 97.23 총 투자자산 78,224,039 97.23 기타 순자산 2,229,853 2.77 순자산가치 80,453,892 100.00

슈로더 유럽 토탈 리턴 펀드 (European Total Return) (b) 2012년 12월 31일자 투자포트폴리오



시가 EUR

% 순자산

France 9,089,554 17.79 4,889 Air Liquide 464,699 0.91

12,957 Arkema 1,026,324 2.01 32,885 BNP Paribas 1,400,408 2.74 11,372 Bureau Veritas 962,640 1.88 4,337 Christian Dior 556,220 1.09

14,387 Cie Generale d'Optique Essilor International 1,093,700 2.14 10,470 Compagnie Générale des Etablissements Michelin 749,547 1.47 41,139 Edenred 958,539 1.88 28,690 Safran 935,151 1.83 24,156 Total 942,326 1.84

Germany 11,770,308 23.03 13,873 BASF 987,064 1.93 20,619 Bayer 1,482,300 2.90 7,910 Brenntag 786,491 1.54

28,585 Daimler 1,181,132 2.31 37,653 Deutsche Bank 1,240,666 2.43

113,481 Deutsche Telekom Registered 975,369 1.91 19,142 Fresenius Medical Care KGaA 1,001,318 1.96 38,946 GEA 953,009 1.86 22,077 Kabel Deutschland 1,248,896 2.44 16,264 MTU Aero Engines 1,118,963 2.19 13,101 SAP 795,100 1.56

Italy 2,746,714 5.37 95,442 Atlantia 1,304,692 2.55

100,703 Pirelli & C. 871,584 1.70 162,333 Snam 570,438 1.12

Netherlands 3,385,175 6.62 23,941 Heineken 1,208,302 2.36

168,358 ING Groep 1,188,776 2.33 39,907 Ziggo 988,097 1.93

Norway 1,209,954 2.37 126,326 DNB 1,209,954 2.37

Portugal 938,848 1.84 79,834 Galp Energia 938,848 1.84

Spain 1,600,257 3.13 84,003 Amadeus IT 1,600,257 3.13

Sweden 1,841,965 3.60 89,473 Sandvik 1,078,533 2.11 30,041 Swedish Match 763,432 1.49

Switzerland 5,030,046 9.84 9,235 Compagnie Financière Richemont 546,082 1.07 8,513 Dufry Registered 843,212 1.65

43,570 Julius Baer 1,166,585 2.28 6,781 Roche 1,033,319 2.02 3,027 Syngenta 919,026 1.80

311 SGS Registered 521,822 1.02 United Kingdom 11,090,646 21.70

43,453 BHP Billiton 1,134,080 2.22 41,335 Carnival 1,194,561 2.34 83,887 Experian 1,007,551 1.97 40,029 Imperial Tobacco 1,164,177 2.28 11,403 Intertek 433,099 0.85

101,787 John Wood 906,305 1.77 96,457 Reed Elsevier 758,954 1.48 44,161 Unilever 1,280,560 2.51 49,882 Virgin Media 1,366,980 2.67 49,629 Weir 1,142,901 2.24 54,047 Xstrata 701,478 1.37

공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 48,703,467 95.29 총 투자자산 48,703,467 95.29 기타 순자산 2,408,430 4.71 순자산가치 51,111,897 100.00 (b) 슈로더 유럽 토탈 리턴 펀드 (European Total Return)는 2012년 3월 7일자

로 설정되었습니다.

슈로더 프론티어 마켓 주식 펀드 (Frontier Markets Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Bangladesh 1,298,938 2.28 934,350 Islami Bank Bangladesh 501,885 0.88 258,954 Square Pharmaceuticals 547,937 0.96 303,975 Titas Gas Transmission & Distribution 249,116 0.44

Kazakhstan 4,021,931 7.05 315,197 Halyk Savings Bank Kazakhstan GDR 2,584,615 4.53 38,010 KazMunaiGas Exploration Production GDR 684,180 1.20 27,275 KCell GDR 320,481 0.56 40,247 Zhaikmunai GDR 432,655 0.76

Kuwait 9,181,634 16.09 1,763,907 Burgan Bank 3,324,931 5.83

237,500 Kuwait Foods Americana 1,469,751 2.57 2,298,375 Kuwait Projects 3,187,987 5.59

138,920 Mabanee 583,012 1.02 425,000 Yiaco Medical 615,953 1.08

Lebanon 459,024 0.80 30,352 BLOM Bank SAL GDR 241,298 0.42

712 Solidere 9,206 0.02 16,040 Solidere 'A' 208,520 0.36

Luxembourg 812,773 1.42 51,769 MHP GDR 812,773 1.42

Mauritius 189,035 0.33 33,772 Mauritius Commercial Bank 189,035 0.33

Nigeria 9,027,679 15.82 30,053,114 FBN 3,025,991 5.30 7,550,467 Guaranty Trust Bank 1,111,607 1.95 1,224,595 Nigerian Breweries 1,152,283 2.02

52,593,889 United Bank for Africa 1,535,146 2.69 17,646,632 Zenith Bank 2,202,652 3.86

Oman 2,140,512 3.75 1,150,561 BankMuscat 1,721,247 3.02

109,740 Oman Telecommunications 419,265 0.73 Pakistan 3,538,433 6.20

944,090 Engro 893,328 1.56 202,547 MCB Bank 436,787 0.77 187,600 Oil & Gas Development 371,478 0.65 221,499 Pakistan Oilfields 996,347 1.75 462,440 Pakistan Petroleum 840,493 1.47

Qatar 11,301,299 19.80 125,016 Commercial Bank of Qatar 2,434,396 4.27 100,622 Gulf International Services 829,074 1.45 64,976 Industries Qatar 2,767,860 4.85 30,806 Qatar Electricity & Water 1,120,218 1.96 51,301 Qatar National Bank 1,844,356 3.23 80,711 Qatar Telecom QTel 2,305,395 4.04

Sri Lanka 553,544 0.97 321,466 John Keells 553,544 0.97

United Arab Emirates 7,937,953 13.91 80,522 DP World 942,107 1.65

3,468,146 Emaar Properties 3,540,900 6.21 1,093,952 First Gulf Bank 3,454,946 6.05

United Kingdom 1,648,895 2.90 69,654 Bank of Georgia 1,161,852 2.04 84,759 Lamprell 129,027 0.23

112,362 NMC Health 358,016 0.63 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 52,111,650 91.32 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

Saudi Arabia 4,097,961 7.18

19,800 Credit Suisse International 20/03/2013 - Saudi Pharmaceutical Industries and Medical Appliances 230,696 0.40

30,833 HSBC Bank 13/08/2014 - Fawaz Abdulaziz Alhokair 853,937 1.50

58,918 HSBC Bank 05/12/2014 - Etihad Etisalat 1,191,917 2.09

21,979 HSBC Bank 13/08/2014 - National Arabian Mining 162,033 0.28

9,441 HSBC Bank 22/12/2014 - United Electronics 262,418 0.46 231,323 HSBC Bank 27/03/2015 - Saudi British Bank 1,396,960 2.45

Switzerland 601,625 1.06 11,798 Credit Suisse/Nassau Warrants 19/08/2015 246,929 0.43 8,173 Credit Suisse Nassau Warrants 23/09/2015 60,361 0.11 132,604 Credit Suisse/Nassau Warrants 21/10/2015 294,335 0.52

총 금융파생상품 4,699,586 8.24 총 투자자산 56,811,236 99.56 기타 순자산 250,690 0.44 순자산가치 57,061,926 100.00

슈로더 글로벌 기후변화 주식 펀드 (Global Climate Change Equity) 2012년 12월 31일자 투자포트폴리오



시가 USD

% 순자산


Austria 1,561,396 0.88 117,930 Zumtobel 1,561,396 0.88

Brazil 1,735,301 0.98

39,283 Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference 1,735,301 0.98

Canada 3,261,178 1.85 78,758 Cameco 1,518,760 0.86 81,832 First Quantum Minerals 1,742,418 0.99

Denmark 651,916 0.37 115,534 Vestas Wind Systems 651,916 0.37

France 13,353,331 7.56


77,758 Safran 3,349,016 1.89 103,177 Saft 2,413,111 1.37 37,027 Schneider Electric 2,682,612 1.52

201,179 Veolia Environnement 2,433,673 1.38 Germany 2,997,986 1.70

370,185 Infineon Technologies 2,997,986 1.70 Hong Kong SAR 4,351,867 2.46

259,500 Beijing Enterprises 1,690,859 0.96 3,002,000 Guangzhou Automobile 'H' 2,661,008 1.50

Japan 21,324,325 12.07 68,600 Bridgestone 1,765,406 1.00 40,000 East Japan Railway 2,582,735 1.46 15,800 FANUC 2,910,623 1.65

411,000 Hitachi 2,396,945 1.35 315,000 Hitachi Metals 2,664,487 1.51 64,500 Honda Motor 2,347,287 1.33

234,000 Sekisui Chemical 2,028,072 1.15 93,900 Seven & I 2,647,932 1.50

208,000 Yaskawa Electric 1,980,838 1.12 South Korea 4,144,875 2.35

11,423 Hyundai Motor 2,339,901 1.33 1,265 Samsung Electronics 1,804,974 1.02

Sweden 3,155,666 1.79 125,723 Hexagon 3,155,666 1.79

Switzerland 6,807,804 3.85 42,838 Swiss Re 3,089,290 1.75 9,269 Syngenta Registered 3,718,514 2.10

United Kingdom 24,421,357 13.82 21,928 ASOS 955,609 0.54

286,523 BG 4,698,098 2.66 498,330 Centrica 2,692,220 1.52 381,661 Drax 3,365,451 1.90 486,347 Kingfisher 2,237,613 1.27 461,795 Rexam 3,260,643 1.84 223,013 Rolls-Royce 3,154,719 1.79

16,948,988 Rolls-Royce Preference ** 27,448 0.02 840,118 SIG 1,646,240 0.93 559,575 WM Morrison Supermarkets 2,383,316 1.35

United States of America 82,478,984 46.68 41,159 Air Products & Chemicals 3,413,316 1.93 11,743 Amazon.com 2,879,149 1.63

195,388 Ameresco 1,959,742 1.11 49,834 Ball 2,207,148 1.25 36,431 BorgWarner 2,551,991 1.44 96,393 Calpine 1,710,975 0.97 63,999 Celanese 2,769,877 1.57 53,385 Danaher 2,937,243 1.66 74,169 Dominion Resources 3,788,552 2.14 61,734 eBay 3,074,971 1.74 55,973 Ecolab 3,961,769 2.24 48,958 EI du Pont de Nemours & Co. 2,188,912 1.24

201,004 General Electric 4,108,522 2.33 110,670 Hexcel 2,916,154 1.65 29,721 Home Depot 1,802,579 1.02 44,148 Honeywell International 2,777,792 1.57

108,583 Lowe's 3,798,233 2.15 22,647 Meritage Homes 829,560 0.47

131,639 National Instruments 3,338,365 1.89

121,394 Owens Corning 4,409,030 2.50 335,048 Polycom 3,501,252 1.98 55,385 QEP Resources 1,639,950 0.93

162,747 Quanta Services 4,309,541 2.44 84,015 Southwestern Energy 2,754,012 1.56 86,078 Texas Instruments 2,622,797 1.48 34,502 Tractor Supply 3,017,890 1.71 74,512 Trimble Navigation 4,366,403 2.47 48,946 Veeco Instruments 1,371,956 0.78 99,817 WPX Energy 1,471,303 0.83


시가 USD

% 순자산


총 공정가치 조정액 744,950 0.42 총 투자자산 174,276,663 98.64 기타 순자산 2,404,710 1.36 순자산가치 176,681,373 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다. ** 증권은 2012.12.31. 현재 공정가치로 평가됩니다.

슈로더 글로벌 디비던드 맥시마이져 펀드 (Global Dividend Maximiser) 2012년 12월 31일자 투자포트폴리오



시가 USD

% 순자산

Brazil 2,859,868 1.12 150,678 Petroleo Brasileiro ADR 2,859,868 1.12

Canada 2,702,174 1.06 259,693 PetroBakken Energy 2,702,174 1.06

France 32,924,167 12.93 44,288 Arkema 4,635,400 1.82

191,392 AXA 3,376,185 1.33 68,033 BNP Paribas 3,828,225 1.50 30,001 Christian Dior 5,084,102 2.00 96,629 Cie de Saint-Gobain 4,113,904 1.62


71,360 Sanofi 6,731,523 2.64 Germany 31,392,194 12.32

41,359 BASF 3,888,356 1.53 71,263 Bayerische Motoren Werke Preference 4,590,969 1.80 60,332 Daimler 3,294,042 1.29 94,440 Deutsche Bank 4,111,805 1.61 57,236 Deutsche Boerse 3,494,833 1.37

345,172 Deutsche Telekom 3,920,149 1.54 101,460 Metro 2,815,369 1.11 23,197 Volkswagen Preference 5,276,671 2.07

Hong Kong SAR 14,612,933 5.74 279,000 China Mobile 3,248,853 1.28

2,519,000 CNOOC 5,453,795 2.14 195,000 Sun Hung Kai Properties 2,923,610 1.15 241,500 Swire Pacific 2,986,675 1.17

Ireland 3,133,109 1.23 155,022 CRH 3,133,109 1.23

Israel 3,424,249 1.34 278,393 Israel Chemicals 3,424,249 1.34

Italy 3,129,451 1.23 3,963,776 Telecom Italia ‘RSP’ 3,129,451 1.23

Netherlands 3,454,389 1.36 211,939 Delta Lloyd 3,454,389 1.36

Norway 7,453,383 2.93 154,193 Statoil 3,853,044 1.51 178,495 Telenor 3,600,339 1.42

Singapore 20,370,305 8.00 1,559,000 Ascendas Real Estate Investment Trust 3,025,945 1.19

441,400 Keppel 3,976,414 1.56 2,543,000 Mapletree Industrial Trust 2,832,382 1.11

869,000 SembCorp Industries 3,736,333 1.47 928,000 SembCorp Marine 3,496,008 1.37

2,408,000 Suntec Real Estate Investment Trust 3,303,223 1.30 Sweden 4,098,574 1.61

257,318 Sandvik 4,098,574 1.61 Switzerland 15,047,104 5.91

199,163 Credit Suisse Registered 4,851,521 1.91 31,360 Roche 6,314,486 2.48 14,595 Zürich Insurance 3,881,097 1.52

United Kingdom 35,553,871 13.96 61,750 British American Tobacco 3,121,032 1.23

100,737 Diageo 2,915,286 1.14 115,556 GlaxoSmithKline 2,498,281 0.98 91,252 Imperial Tobacco 3,506,773 1.38

2,284,641 Legal & General 5,386,999 2.12 394,405 Prudential 5,528,115 2.17 106,076 Rio Tinto 6,032,223 2.37 104,059 Royal Dutch Shell 3,575,959 1.40

1,195,088 Vodafone 2,989,203 1.17 United States of America 74,035,143 29.06

87,364 AT&T 2,910,968 1.14 45,198 Caterpillar 3,923,638 1.54

382,262 Dell 3,811,152 1.50 69,994 Edison International 3,133,631 1.23 67,243 Ensco 3,873,869 1.52 58,188 FirstEnergy 2,396,182 0.94

198,353 General Electric 4,054,335 1.59 105,006 International Paper 4,085,783 1.60 116,627 JPMorgan Chase & Co. 5,042,951 1.98 68,072 Kraft Foods 3,023,078 1.19 43,425 Lockheed Martin 3,966,440 1.56

141,986 Marathon Oil 4,232,603 1.66 125,615 Merck & Co. 5,104,994 2.00

285,609 Microsoft 7,582,919 2.98 86,262 Newmont Mining 3,884,378 1.52

209,794 Pfizer 5,221,773 2.05 35,477 Philip Morris International 2,932,174 1.15 51,001 Time Warner Cable 4,854,275 1.91


시가 USD

% 순자산


총 공정가치 조정액 694,516 0.27 총 투자자산 254,885,430 100.07 기타 순부채 (174,363) (0.07) 순자산가치 254,711,067 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다.

슈로더 글로벌 이머징 마켓 오퍼튜니티 펀드 (Global Emerging Market Opportunities) 2012년 12월 31일자 투자포트폴리오



시가 USD

% 순자산

Brazil 110,714,978 9.77 1,608,100 BR Malls Participações 21,208,992 1.87 1,401,300 BR Properties 17,441,866 1.54 1,033,300 Companhia Hering 21,178,439 1.87 1,424,800 Itau Unibanco ADR Preference 23,124,504 2.04

583,600 Lojas Renner 22,717,870 2.00 447,864 Raia Drogasil 5,043,307 0.45

Cayman Islands 3,426,165 0.30 95,971 Eurasia Drilling GDR 3,426,165 0.30


Egypt 28,666,768 2.53 3,488,369 Commercial International Bank Egypt 18,944,470 1.67

245,238 Orascom Construction Industries 9,722,298 0.86 Hong Kong SAR 71,713,303 6.33

6,572,800 China Pacific Insurance 'H' 24,297,060 2.14 20,386,000 China Petroleum & Chemical 'H' 23,094,322 2.04 9,530,000 China Resources Power 24,321,921 2.15

Hungary 13,395,677 1.18 81,778 Richter Gedeon Nyrt 13,395,677 1.18

India 54,081,198 4.77 1,098,439 ICICI Bank 22,734,761 2.01

565,508 Reliance Infrastructure 5,352,763 0.47 4,572,276 Tata Motors 25,993,674 2.29

Kazakhstan 23,644,249 2.09 2,883,445 Halyk Savings Bank of Kazakhstan GDR 23,644,249 2.09

Mexico 52,098,671 4.60 MXN 579,757,000 Mexican Bonos 7.5% 03/06/2027 52,098,671 4.60 Poland 25,196,296 2.22

178,271 Powszechny Zaklad Ubezpieczen 25,196,296 2.22 Qatar 23,134,990 2.04

543,098 Industries Qatar 23,134,990 2.04 Russia 117,738,300 10.39

445,664 Lukoil OAO ADR 29,480,674 2.60 303,192 Magnit GDR 12,157,999 1.07 731,103 Mail.ru GDR 25,223,053 2.23

1,200,600 Mobile Telesystems ADR 22,379,184 1.98 2,316,861 Sberbank of Russia ADR 28,497,390 2.51

South Korea 199,534,207 17.61 157,619 Hyundai Department Store 23,494,788 2.07 371,755 Hyundai Engineering & Construction 24,396,117 2.15 105,602 Hyundai Heavy Industries 23,958,154 2.12 86,809 Hyundai Mobis 23,438,137 2.07 53,708 Hyundai Motor 11,001,611 0.97 74,754 LG Chem 23,126,730 2.04 23,703 Samsung Electronics 33,820,795 2.99

681,070 Shinhan Financial 24,805,536 2.19 70,452 SK Innovation 11,492,339 1.01

Taiwan 68,625,847 6.06 8,063,850 Hon Hai Precision Industry 24,671,379 2.18 5,246,000 Radiant Opto-Electronics 21,574,732 1.90 6,704,000 Taiwan Semiconductor Manufacturing 22,379,736 1.98

Thailand 111,183,530 9.82 4,162,200 Bangkok Bank (Foreign) 28,437,391 2.51 7,938,400 BEC World (Foreign) 18,425,185 1.63

10,576,500 Charoen Pokphand Foods (Foreign) 11,669,071 1.03 4,745,600 Kasikornbank (NVDR) 30,018,751 2.65

10,257,000 Thai Oil (Foreign) 22,633,132 2.00 Turkey 115,836,061 10.22

323,607 Coca-Cola Icecek 6,634,188 0.59 13,593,502 Emlak Konut Gayrimenkul Yatirim Ortakligi 23,603,796 2.08 3,455,370 Turkcell Iletisim Hizmetleri 22,354,519 1.97 3,299,871 Turkiye Garanti Bankasi 17,263,650 1.52 2,326,133 Turkiye Halk Bankasi 23,061,981 2.04 6,599,254 Turkiye Is Bankasi 22,917,927 2.02

United Arab Emirates 29,397,832 2.59 18,089,101 Emaar Properties 18,468,569 1.63 3,460,572 First Gulf Bank 10,929,263 0.96

United Kingdom 5,328,800 0.47 319,466 Bank of Georgia 5,328,800 0.47


주식수 또는 원금 금융파생상품

시가 USD

% 순자산

United Kingdom 12,077,070 1.07 1,999,846 HSBC Bank 27/03/2015 - Saudi British Bank 12,077,070 1.07

총 금융파생상품 12,077,070 1.07


슈로더 글로벌 에너지 펀드 (Global Energy) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Canada 173,018,909 19.69 2,643,013 Athabasca Oil 28,085,248 3.19

11,667,468 Bankers Petroleum 37,264,649 4.24 4,126,771 Gran Tierra Energy 22,630,613 2.58 4,647,441 Legacy Oil + Gas 31,040,509 3.53

880,000 Painted Pony Petroleum 9,191,985 1.05 1,710,531 PetroBakken Energy 17,798,525 2.03

32,792,558 TransAtlantic Petroleum 27,007,380 3.07 Kazakhstan 17,983,428 2.05

1,672,877 Zhaikmunai GDR 17,983,428 2.05 Norway 53,727,593 6.11

470,000 Fred Olsen Energy 20,430,484 2.32 1,332,500 Statoil 33,297,109 3.79

Portugal 24,440,525 2.78 1,572,831 Galp Energia 24,440,525 2.78

United Kingdom 192,381,393 21.90 2,718,806 BG 44,580,075 5.07 4,515,254 Cairn Energy 19,362,780 2.21

13,851,925 Exillon Energy 38,135,250 4.34 7,988,151 Gulfsands Petroleum 14,537,292 1.66 3,606,656 Kentz 22,633,097 2.58 5,006,364 Premier Oil 27,281,927 3.10

20,206,088 RusPetro 25,850,972 2.94 United States of America 372,559,251 42.40

483,792 Apache 37,276,174 4.24 754,356 Baker Hughes 30,121,435 3.43 552,969 Devon Energy 28,284,364 3.22 247,500 EOG Resources 29,355,975 3.34

2,781,700 EXCO Resources 19,138,096 2.18 738,000 Forum Energy Technologies 17,926,020 2.04 567,000 Occidental Petroleum 42,740,460 4.87 870,847 Schlumberger 59,182,762 6.74 800,000 Southwestern Energy 26,224,000 2.98

1,291,528 Suncor Energy 41,677,609 4.74 10,554,588 Vantage Drilling 18,892,713 2.15 1,474,874 WPX Energy 21,739,643 2.47

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 834,111,099 94.93 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 6,788,645 0.78

84,122 Schroder ISF Global Small Cap Energy Class I Acc 6,788,645 0.78

총 개방형 간접투자기구 6,788,645 0.78 주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산



슈로더 글로벌 배당주 펀드 (Global Equity Yield) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 1,124,129 1.11 59,227 Petroleo Brasileiro ADR 1,124,129 1.11

Canada 1,062,148 1.05 102,078 PetroBakken Energy 1,062,148 1.05

France 12,941,299 12.77 17,408 Arkema 1,822,007 1.80 75,230 AXA 1,327,069 1.31 26,742 BNP Paribas 1,504,775 1.48 11,792 Christian Dior 1,998,324 1.97 37,982 Cie de Saint-Gobain 1,617,054 1.60


28,049 Sanofi 2,645,915 2.61 Germany 12,339,259 12.18

16,257 BASF 1,528,398 1.51 28,011 Bayerische Motoren Werke Preference 1,804,550 1.78 23,714 Daimler 1,294,751 1.28 37,121 Deutsche Bank 1,616,204 1.59 22,498 Deutsche Boerse 1,373,729 1.36

135,677 Deutsche Telekom 1,540,896 1.52 39,881 Metro 1,106,640 1.09 9,118 Volkswagen Preference 2,074,091 2.05

Hong Kong SAR 5,732,841 5.66 109,500 China Mobile 1,275,088 1.26 990,000 CNOOC 2,143,413 2.12 76,000 Sun Hung Kai Properties 1,139,458 1.12 95,000 Swire Pacific 1,174,882 1.16

Ireland 1,231,521 1.22 60,934 CRH 1,231,521 1.22

Israel 1,345,970 1.33 109,428 Israel Chemicals 1,345,970 1.33

Italy 1,230,096 1.21 1,558,045 Telecom Italia ‘RSP’ 1,230,096 1.21

Netherlands 1,357,819 1.34 83,307 Delta Lloyd 1,357,819 1.34

Norway 2,929,710 2.89 60,609 Statoil 1,514,525 1.49 70,161 Telenor 1,415,185 1.40

Singapore 7,997,169 7.89 612,000 Ascendas Real Estate Investment Trust 1,187,863 1.17 172,900 Keppel 1,557,594 1.54 999,120 Mapletree Industrial Trust 1,112,815 1.10 341,000 SembCorp Industries 1,466,156 1.44 365,000 SembCorp Marine 1,375,046 1.36 946,000 Suntec Real Estate Investment Trust 1,297,695 1.28

Sweden 1,611,027 1.59 101,144 Sandvik 1,611,027 1.59

Switzerland 5,914,467 5.84 78,285 Credit Suisse Registered 1,906,987 1.88 12,326 Roche 2,481,899 2.45 5,737 Zürich Insurance 1,525,581 1.51

United Kingdom 13,975,085 13.79 24,272 British American Tobacco 1,226,781 1.21 39,596 Diageo 1,145,891 1.13 45,421 GlaxoSmithKline 981,987 0.97 35,868 Imperial Tobacco 1,378,391 1.36

898,026 Legal & General 2,117,473 2.09 155,029 Prudential 2,172,939 2.14 41,695 Rio Tinto 2,371,069 2.34 40,902 Royal Dutch Shell 1,405,586 1.39

469,754 Vodafone 1,174,968 1.16 United States of America 29,100,167 28.71

34,340 AT&T 1,144,209 1.13 17,766 Caterpillar 1,542,267 1.52

150,256 Dell 1,498,052 1.48 27,512 Edison International 1,231,712 1.22 26,431 Ensco 1,522,690 1.50 22,872 FirstEnergy 941,869 0.93 77,966 General Electric 1,593,625 1.57 41,274 International Paper 1,605,971 1.58 45,842 JPMorgan Chase & Co. 1,982,208 1.96 26,742 Kraft Foods 1,187,612 1.17 17,069 Lockheed Martin 1,559,083 1.54 55,810 Marathon Oil 1,663,696 1.64 49,375 Merck & Co. 2,006,600 1.98

112,264 Microsoft 2,980,609 2.94

33,907 Newmont Mining 1,526,832 1.51 82,463 Pfizer 2,052,504 2.02 13,945 Philip Morris International 1,152,554 1.14 20,047 Time Warner Cable 1,908,074 1.88


시가 USD

% 순자산


총 공정가치 조정액 272,986 0.26 총 투자자산 100,165,693 98.84 기타 순자산 1,180,223 1.16 순자산가치 101,345,916 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다.

슈로더 그레이터 차이나 펀드 (Greater China) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산


China 25,020,860 2.08 213,840 Baidu ADR 21,170,160 1.76

1,100,200 Phoenix New Media ADR 3,850,700 0.32 Hong Kong SAR 790,518,104 65.79

10,922,600 AIA 42,631,449 3.55 2,104,500 Anhui Conch Cement 'H' 7,657,319 0.64

25,277,000 Baoxin Auto 20,448,985 1.70 10,245,000 BBMG 'H' 9,306,005 0.77 11,736,000 Beijing Jingkelong 'H' 8,176,973 0.68 3,535,000 BOC Hong Kong 10,992,213 0.91 2,366,000 Cathay Pacific Airways 4,341,032 0.36

21,046,000 Chen Hsong 6,354,247 0.53 1,240,000 Cheung Kong 19,039,140 1.58 9,340,000 China Coal Energy 'H' 10,147,000 0.84

42,474,170 China Construction Bank 'H' 34,087,407 2.84 7,136,000 China High Speed Transmission Equipment 2,780,612 0.23

12,086,000 China Huiyuan Juice 4,397,546 0.37 12,011,000 China Life Insurance ‘H’ 39,208,332 3.26 5,067,000 China Medical System 3,922,662 0.33 5,882,000 China Mengniu Dairy 16,696,536 1.39 2,755,000 China Mobile 32,080,970 2.67

41,181,000 China Modern Dairy 11,317,622 0.94 1,314,000 China Overseas Land & Investment 3,916,391 0.33 5,314,800 China Pacific Insurance 'H' 19,646,728 1.63

13,752,000 China Petroleum & Chemical 'H' 15,578,982 1.30 11,186,000 China Resources Cement 7,331,911 0.61 1,199,500 China Shenhua Energy 'H' 5,254,346 0.44 7,758,000 China Shineway Pharmaceutical 13,112,930 1.09

18,806,000 China Shipping Development 'H' 10,773,531 0.90 31,918,000 China Suntien Green Energy 'H' 6,959,869 0.58 4,094,800 China Taiping Insurance 8,294,898 0.69

24,060,000 China Telecom 'H' 13,379,860 1.11 11,114,000 China Ting 630,960 0.05 13,079,000 China ZhengTong Auto Services 9,095,823 0.76 6,756,000 Chow Sang Sang International 15,673,212 1.30

20,173,000 CNOOC 43,675,826 3.63 21,896,000 CSR 'H' 19,098,100 1.59 19,011,000 Foxconn International 9,222,985 0.77 16,426,000 Franshion Properties China 5,913,093 0.49 21,324,000 GCL-Poly Energy 4,292,121 0.36 14,160,000 Geely Automobile 6,705,142 0.56 5,783,600 Haitong Securities 'H 9,924,956 0.83

411,700 Hong Kong Exchanges & Clearing 7,006,552 0.58 1,354,800 HSBC 14,211,647 1.18

61,755,305 Industrial & Commercial Bank of China 'H' 43,824,366 3.65 2,935,000 Kerry Properties 15,242,376 1.27

13,241,777 Kingway Brewery 4,954,764 0.41 9,932,000 Kunlun Energy 20,734,517 1.73

19,936,500 Lung Kee Bermuda 7,331,156 0.61 7,532,000 Parkson Retail 6,073,919 0.50

44,532,000 PCD Stores 5,401,057 0.45 4,382,000 PetroChina 'H' 6,208,024 0.52 7,780,000 Public Financial 3,674,002 0.31

12,420,000 Shandong Weigao Medical Polymer 'H' 12,355,339 1.03 40,318,000 Shenguan 21,796,747 1.81 14,656,000 Sino Biopharmaceutical 6,996,742 0.58 9,148,000 Sinotrans Shipping 2,219,028 0.18

23,389,000 Sound Global 11,226,213 0.93 15,929,000 Springland International 8,488,232 0.71

942,000 Sun Hung Kai Properties 14,123,285 1.18 726,000 Television Broadcasts 5,423,678 0.45

25,574,000 Tibet 5100 Water Resources 8,282,302 0.69 12,030,000 Trinity 7,854,071 0.65 2,228,000 Wing Hang Bank 23,256,395 1.94 2,442,000 Zhaojin Mining Industry 'H' 3,812,499 0.32

64,600 Zhengzhou Coal Mining Machinery 'H' 82,518 0.01 4,826,000 Zhuzhou CSR Times Electric 'H' 17,870,961 1.49

Singapore 45,325,190 3.77 2,207,000 Hongkong Land 15,426,930 1.28

482,230 Jardine Matheson 29,898,260 2.49

Taiwan 230,920,894 19.22

1,007,000 Asustek Computer 11,315,191 0.94 1,030,000 CHC Healthcare 4,235,984 0.35

21,170,468 Hon Hai Precision Industry 64,771,126 5.39 557,000 HTC 5,760,350 0.48

2,500,964 MediaTek 27,843,957 2.32 899,627 MStar Semiconductor 6,749,447 0.56

1,484,000 Novatek Microelectronics 6,000,964 0.50 19,295,489 President Securities 11,222,554 0.94 2,247,320 Radiant Opto-Electronics 9,242,342 0.77 1,409,000 Taiwan Mobile 5,188,526 0.43

21,086,430 Taiwan Semiconductor Manufacturing 70,392,116 5.86 15,934,386 Yuanta Financial 8,198,337 0.68

United States of America 44,732,943 3.72 886,200 AsiaInfo-Linkage 9,526,650 0.79

1,564,900 Hollysys Automation Technologies 18,324,979 1.53 189,230 SINA/China 9,143,594 0.76 166,510 Sohu.com 7,737,720 0.64

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,155,284,181 96.14 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

China 34,006,019 2.83 3,465,700 Anhui Conch Cement Warrants 10/09/2014 10,275,801 0.85 7,838,386 CITIC Securities Warrants 10/02/2017 16,774,146 1.40

794,000 Weichai Power Warrants 18/10/2017 3,207,760 0.27 927,800 Zhengzhou Yutong Bus Warrants 21/08/2017 3,748,312 0.31

Netherlands 10,424,120 0.87


총 금융파생상품 44,430,139 3.70 총 투자자산 1,199,714,320 99.84 기타 순자산 1,920,111 0.16 순자산가치 1,201,634,431 100.00

슈로더 홍콩 주식 펀드 (Hong Kong Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 HKD

% 순자산

China 733,166,129 4.75 331,900 Baidu ADR 254,661,775 1.65

2,036,500 China Lodging ADR 255,694,122 1.66 870,900 Mindray Medical International ADR 222,810,232 1.44

Hong Kong SAR 12,464,049,794 80.75 37,594,400 AIA 1,137,230,600 7.37 3,525,000 Beijing Enterprises 178,012,500 1.15

20,808,000 Belle International 349,990,560 2.27 15,902,500 BOC Hong Kong 383,250,250 2.48 15,606,000 Cathay Pacific Airways 221,917,320 1.44 26,466,000 Chen Hsong 61,930,440 0.40 11,809,000 China High Speed Transmission Equipment 35,663,180 0.23 14,159,000 China Mengniu Dairy 311,498,000 2.02 1,487,500 China Mobile 134,246,875 0.87 7,602,480 China Overseas Land & Investment 175,617,288 1.14 7,083,000 China Pacific Insurance 'H' 202,927,950 1.31

29,514,000 China Petroleum & Chemical 'H' 259,132,920 1.68 27,260,400 China Taiping Insurance 427,988,280 2.77 12,870,000 CNOOC 215,958,600 1.40 4,701,839 Dah Sing Banking 39,636,503 0.26

18,160,400 First Pacific 154,545,004 1.00 68,866,000 Franshion Properties China 192,136,140 1.24 1,718,000 Guoco 159,774,000 1.03 5,797,000 Hang Lung 255,357,850 1.65

31,404,000 HKT Trust 237,728,280 1.54 908,100 Hong Kong Exchanges & Clearing 119,778,390 0.78

18,012,732 HSBC 1,464,435,112 9.49 10,423,000 Hutchison Whampoa 843,220,700 5.46 11,013,500 Kerry Properties 443,293,375 2.87 14,666,000 Kunlun Energy 237,295,880 1.54 3,616,500 Link REIT 139,958,550 0.91

26,561,000 Parkson Retail 166,006,250 1.08 2,225,500 Ping An Insurance China ‘H’ 144,434,950 0.94

20,773,000 Poly Property 125,884,380 0.82 13,481,100 Samsonite International 215,427,978 1.40 8,700,833 Shangri-La Asia 134,340,861 0.87 1,603,775 Standard Chartered 314,339,900 2.04 6,259,000 Sun Hung Kai Properties 727,295,800 4.71 4,106,000 Swire Pacific 393,560,100 2.55 6,009,500 Swire Pacific 'B' 107,089,290 0.69

10,382,880 Swire Properties 268,397,448 1.74 16,274,000 Techtronic Industries 233,694,640 1.51 5,263,000 Television Broadcasts 304,727,700 1.97 1,392,800 Tencent 346,807,200 2.25 2,782,000 Wharf 168,589,200 1.09 1,454,500 Wing Hang Bank 117,669,050 0.76

12,095,000 Yue Yuen Industrial 313,260,500 2.03 Singapore 1,945,157,616 12.60

5,324,000 CapitaRetail China Trust 55,589,378 0.36 7,074,000 Hongkong Land 383,233,572 2.48 1,679,618 Jardine Matheson 807,092,896 5.23 2,203,500 Jardine Strategic 606,606,874 3.93 8,243,000 Mandarin Oriental International 92,634,896 0.60

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 15,142,373,539 98.10 주식수 또는 원금


시가 HKD

% 순자산

United States of America - - 796,700 Longtop Financial Technologies ADR - -

기타 규제시장에서 거래되지 않는 총 기타 양도성증권 - - 총 투자자산 15,142,373,539 98.10 기타 순자산 293,328,757 1.90 순자산가치 15,435,702,296 100.00

슈로더 인도 주식 펀드 (Indian Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

India 132,311,068 96.24 562,406 Adani Enterprises 2,774,959 2.02 180,615 Apollo Hospitals Enterprise 2,585,821 1.88 199,977 Axis Bank 4,932,790 3.59 296,422 Bajaj 1,262,333 0.92 159,719 Bata India 2,517,836 1.83 438,507 Cairn India 2,544,369 1.85 141,682 Cipla 1,067,220 0.78 267,990 Cummins India 2,531,030 1.84 620,465 Dabur India 1,454,276 1.06 883,620 Dish TV India 1,221,113 0.89 130,985 Dr Reddy's Laboratories 4,358,029 3.17

INR 453,348 Dr Reddy's Laboratories 9.25% 24/03/2014 43,278 0.03 82,164 Financial Technologies India 1,688,026 1.23 32,832 GlaxoSmithKline Consumer Healthcare 2,271,166 1.65

393,177 Glenmark Pharmaceuticals 3,778,774 2.75 255,979 Godrej Consumer Products 3,361,310 2.44 276,984 HCL Technologies 3,116,101 2.27 844,243 HDFC Bank 10,417,371 7.58 335,912 Hindustan Unilever 3,205,808 2.33 377,759 Housing Development Finance 5,693,346 4.14 234,173 ICICI Bank 4,846,757 3.52 412,437 IndusInd Bank 3,127,682 2.26 136,561 Infosys Technologies 5,757,687 4.19 37,591 ING Vysya Bank 369,510 0.27

858,592 ITC 4,477,574 3.26 500,586 Jyothy Laboratories 1,480,504 1.08 639,676 KPIT Cummins Infosystems 1,289,937 0.94 98,010 Larsen & Toubro 2,864,202 2.08

248,745 LIC Housing Finance 1,317,790 0.96 92,136 Lupin 1,028,415 0.75

224,813 Mahindra & Mahindra 3,808,474 2.77 145,660 Mahindra & Mahindra Financial Services 2,909,492 2.12 467,979 Marico 1,855,493 1.35 325,753 McLeod Russel India 2,072,274 1.51 200,186 Motherson Sumi Systems 721,645 0.52 782,417 NCC 820,190 0.60 165,142 Raymond 1,378,010 1.00 279,253 Reliance Industries 4,263,058 3.10 62,475 Reliance Infrastructure 591,351 0.43

161,313 Shriram Transport Finance 2,221,629 1.61 336,945 Sobha Developers 2,326,970 1.69 201,442 Tata Consultancy Services 4,600,072 3.35 661,883 Tata Motors 3,762,846 2.74 103,634 Tech Mahindra 1,756,756 1.28 204,629 Titagarh Wagons 1,334,674 0.97 505,960 Titan Industries 2,616,051 1.90 421,097 Wipro 3,020,689 2.20 257,416 Yes Bank 2,172,086 1.58 671,376 Zee Entertainment Enterprises 2,694,294 1.96



시가 USD

% 순자산

India 1,796,198 1.31 2,245,043 SpiceJet 1,796,198 1.31

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 1,796,198 1.31 총 투자자산 134,107,266 97.55 기타 순자산 3,374,283 2.45 순자산가치 137,481,549 100.00

슈로더 재팬 오퍼튜니티 펀드 (JapaneseOpportunities)(c) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 JPY

% 순자산

Japan 3,122,292,530 97.07 3,500 ABC-Mart 13,177,500 0.41

22,700 Aisin Seiki 60,472,800 1.88 14,300 AOI Electronic 19,305,000 0.60 28,400 Arnest One 40,129,200 1.25 33,000 AT-Group 36,630,000 1.14

296 Best Bridal 23,354,400 0.73 25,600 Brother Industries 23,552,000 0.73 25,400 C Uyemura 69,519,800 2.16 6,000 Canon 20,040,000 0.62 3,400 Central Japan Railway 23,800,000 0.74

13,700 Century Tokyo Leasing 24,427,100 0.76 24,000 Chiba Bank 12,096,000 0.38 23,000 CMIC 27,945,000 0.87 30,500 CREATE 74,511,500 2.32 10,400 Dai-ichi Seiko 14,227,200 0.44 12,000 Descente 6,372,000 0.20

900 Don Quijote 2,853,000 0.09 7,900 Doshisha 17,854,000 0.55

15,600 DTS 16,473,600 0.51 21 EPS 4,659,900 0.14

12,300 Foster Electric 17,170,800 0.53 93,000 Fuji Machine Manufacturing 75,237,000 2.34 26,000 Fukuoka Financial 8,944,000 0.28 30,200 Hakuto 23,948,600 0.74 61,000 Hanwa 20,496,000 0.64 2,400 Harmonic Drive Systems 4,152,000 0.13

720,000 Haseko 48,960,000 1.52 59,000 HI-LEX 84,960,000 2.64 12,300 Honda Motor 38,683,500 1.20 24,500 Inabata & Co. 14,185,500 0.44

136,700 ITOCHU 123,986,900 3.85 3,000 JGC 8,028,000 0.25

19,400 JSP 23,086,000 0.72 85,300 JX 41,199,900 1.28 4,800 Kakaku.com 13,699,200 0.43

15,600 Kato Sangyo 24,024,000 0.75 14,400 KDDI 87,696,000 2.73 3,300 Kintetsu World Express 9,484,200 0.29

12,000 Koito Manufacturing 14,976,000 0.47 33,500 Konica Minolta 20,636,000 0.64 26,700 Kuroda Electric 27,153,900 0.84

136 Message 27,172,800 0.84 108,000 Mie Bank 19,980,000 0.62 26,300 Mirai Industry 25,484,700 0.79 57,800 Mirait Holdings 45,257,400 1.41 65,000 Mitsui & Co. 83,395,000 2.59 49,000 Mitsui OSK Lines 12,446,000 0.39 9,600 Moshi Moshi Hotline 10,550,400 0.33

20,300 Musashi Seimitsu Industry 36,783,600 1.14 2,000 Musashino Bank 5,620,000 0.17

40,500 Nafco 52,204,500 1.62 6,500 Nakanishi 55,965,000 1.74 5,900 NEC Networks & System Integration 9,038,800 0.28

29,100 Nexon 25,258,800 0.78 6,300 Nintendo 57,771,000 1.80

64,000 Nippon Electric Glass 31,168,000 0.97 32,000 Nippon Seiki 29,792,000 0.93 45,300 Nishio Rent All 54,586,500 1.70 14,500 Nissan Motor 11,759,500 0.37 73,700 Nisshin Fudosan/Japan 39,503,200 1.23 13,100 Nissin Kogyo 17,383,700 0.54 19,900 Nitta 27,462,000 0.85 4,400 Nitto Denko 18,568,000 0.58

37,100 NKSJ 68,078,500 2.12 16,200 Okinawa Cellular Telephone 29,775,600 0.93 5,440 ORIX 52,713,600 1.64 4,400 Otsuka 28,688,000 0.89 3,150 Pal 12,285,000 0.38

10,900 Proto 16,306,400 0.51 20,200 Relo 65,044,000 2.02 2,000 Resorttrust 3,394,000 0.10

471 Riso Kyoiku 3,264,030 0.10 6,400 Roland 6,534,400 0.20

1,800 Ryohin Keikaku 8,685,000 0.27 38,000 Sakata INX 16,910,000 0.53 11,100 San-A 35,853,000 1.11 9,100 Sankyo 31,167,500 0.97

70,000 Shizuoka Gas 40,880,000 1.27 23,400 Siix 23,353,200 0.73 38,200 Sintokogio 26,090,600 0.81 18,000 SK Kaken 68,400,000 2.13 11,000 St Marc 33,770,000 1.05 36,500 Starts 24,491,500 0.76 15,200 Sumitomo 16,720,000 0.52 30,000 Sumitomo Heavy Industries 12,210,000 0.38 37,800 Sumitomo Mitsui Financial 117,747,000 3.66 41,000 Suruga Bank 43,419,000 1.35 87,600 T&D 91,191,600 2.83 37,500 T&K Toka 46,500,000 1.45 4,500 Tachi-S 6,619,500 0.21

12,300 TDK 38,253,000 1.19 28,500 TECHNO ASSOCIE 19,807,500 0.62 97,000 Tokai Tokyo Financial 38,024,000 1.18 9,300 Tokai/Gifu 20,143,800 0.63

40,300 Tokyo Steel Manufacturing 16,805,100 0.52 38,000 Tomoku 8,930,000 0.28 6,000 Toyo Suisan Kaisha 13,788,000 0.43 8,800 Toyoda Gosei 15,303,200 0.48

16,200 Toyota Industries 44,242,200 1.37 9,700 Trusco Nakayama 15,296,900 0.48

900 Tsumura & Co. 2,349,000 0.07 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 3,122,292,530 97.07 총 투자자산 3,122,292,530 97.07 기타 순자산 94,217,454 2.93 순자산가치 3,216,509,984 100.00 c) 2012년 4월 2일자로 슈로더 일본 대형주 펀드(Japanese Large Cap)의 명칭

이 슈로더 재팬 오퍼튜니티 펀드(Japanese Opportunities)로 변경되었습니다.

슈로더 일본 중소형주 펀드 (Japanese Smaller Companies) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 JPY

% 순자산

Japan 10,719,642,400 99.35 41,600 ABC-Mart 156,624,000 1.45

406 Accordia Golf 32,642,400 0.30 69,100 Aeon Delight 116,571,700 1.08

126,900 Arcs 223,978,500 2.08 95,000 Arnest One 134,235,000 1.24

142,300 Asahi 175,740,500 1.63 226,100 Asahi Diamond Industrial 191,958,900 1.78 44,500 Asahi Intecc 147,740,000 1.37

140,500 Capcom 184,898,000 1.71 116,300 Daibiru 93,040,000 0.86 57,200 Doshisha 129,272,000 1.20 33,200 Exedy 62,714,800 0.58

155,100 Fuji Seal International 269,563,800 2.50 230,800 Fujikura Kasei 84,242,000 0.78 106,500 Fujimi 163,264,500 1.51 71,000 Fujimori Kogyo 165,075,000 1.53 83,000 Glory 165,502,000 1.53 14,700 HI-LEX 21,168,000 0.20

149,500 Hitachi Transport System 188,220,500 1.74 6,800 Icom 13,069,600 0.12

359,500 Innotech 151,709,000 1.41 134,100 JCR Pharmaceuticals 171,513,900 1.59 89,200 JP 84,294,000 0.78 47,700 Kakaku.com 136,135,800 1.26 55,300 Kintetsu World Express 158,932,200 1.47 89,300 Kissei Pharmaceutical 141,719,100 1.31 70,000 Koito Manufacturing 87,360,000 0.81 67,300 Konishi 99,940,500 0.93 79,200 K's Holdings 174,081,600 1.61

500,000 Kureha 156,500,000 1.45 238,700 Kuroda Electric 242,757,900 2.25 72,800 Lintec 116,625,600 1.08

222,000 Medical System Network 88,578,000 0.82 169,200 Meiko Electronics 115,225,200 1.07 14,500 Meitec 27,521,000 0.26 90,200 Melco 137,104,000 1.27

657 Message 131,268,600 1.22 195,900 Mimasu Semiconductor Industry 137,913,600 1.28 217,000 Mitsui Sugar 54,033,000 0.50 125,600 Modec 234,746,400 2.18 124,400 Musashi Seimitsu Industry 225,412,800 2.09 50,000 Musashino Bank 140,500,000 1.30 85,300 Nabtesco 162,923,000 1.51 31,300 Nafco 40,345,700 0.37

203,100 NEC Networks & System Integration 311,149,200 2.88 110,300 Nichi-iko Pharmaceutical 184,311,300 1.71 43,900 Nifco 83,585,600 0.77 84,000 Nihon Parkerizing 103,656,000 0.96

660,000 Nippon Soda 260,040,000 2.41 207,800 Nissen 67,535,000 0.63 95,200 Nitta 131,376,000 1.22

251,100 Ohara 162,963,900 1.51 191,800 Onoken 146,727,000 1.36 33,800 Otsuka 220,376,000 2.04 40,150 Pal 156,585,000 1.45 58,200 Piolax 115,818,000 1.07

637,000 Press Kogyo 247,793,000 2.30 79,400 Prestige International 60,026,400 0.56 52,400 Relo 168,728,000 1.56 1,046 Septeni 62,132,400 0.58

453,000 Shindengen Electric Manufacturing 108,720,000 1.01 63,000 Ship Healthcare 144,585,000 1.34 21,100 Sysmex 83,661,500 0.78 17,100 T&K Toka 21,204,000 0.20

362,000 Takasago International 167,244,000 1.55 723,000 Tokai Tokyo Financial 283,416,000 2.63 60,600 Tokyu Community 178,345,800 1.65 13,000 Toyo Tanso 22,906,000 0.21

120,100 Trusco Nakayama 189,397,700 1.76 114,600 Tsumura & Co. 299,106,000 2.77 48,000 Tsuruha 326,880,000 3.03

146,800 Unipres 277,158,400 2.57 483 Village Vanguard 45,836,700 0.42

90,200 Yushin Precision Equipment 151,716,400 1.41 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 10,719,642,400 99.35 총 투자자산 10,719,642,400 99.35 기타 순자산 70,185,642 0.65 순자산가치 10,789,828,042 100.00

슈로더 라틴 아메리카 펀드 (Latin American) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 461,728,957 60.59 1,864,829 Banco Bradesco ADR Preference 32,037,762 4.20

306,500 Banco do Brasil 3,829,941 0.50 2,369,035 BR Malls Participações 31,244,851 4.10 2,475,351 BR Properties 30,810,490 4.04

656,139 Bradespar Preference 10,514,494 1.38 1,401,400 BRF - Brasil Foods ADR 28,924,896 3.79 3,082,720 CCR 29,266,805 3.84

824,000 Companhia Hering 16,888,642 2.22

600,444 Companhia de Bebidas das Americas ADR Preference 25,200,635 3.31

35,312 Companhia de Bebidas das Americas Preference 1,475,082 0.19 113,319 Companhia de Bebidas das Americas Receipt 4,629,668 0.61

1,142,845 Gerdau ADR Preference 10,102,750 1.33 1,578,493 Hypermarcas 12,805,464 1.68

810,387 Iochpe-Maxion 10,818,609 1.42 1,362,034 Itau Unibanco ADR Preference 22,105,812 2.90 1,427,000 Itau Unibanco Preference 23,257,446 3.05 2,495,693 Itausa - Investimentos Itau Preference 11,804,200 1.55

566,500 Lojas Renner 22,052,216 2.89 310,400 Metalurgica Gerdau Preference 3,469,595 0.46 409,492 Petroleo Brasileiro ADR 7,809,012 1.02 578,517 Petroleo Brasileiro ADR Preference 10,980,253 1.44 593,166 Raia Drogasil 6,679,523 0.88

2,159,800 Restoque Comercio e Confeccoes de Roupas 10,036,265 1.32 1,401,692 Ultrapar Participações 31,670,973 4.16 1,871,583 Vale ADR 38,404,883 5.04 1,254,214 Vale ADR Preference 24,908,690 3.27

Chile 58,757,851 7.71 141,991 Banco Santander Chile ADR 4,009,826 0.53 89,598 CAP 3,004,377 0.39

975,327 E.CL 2,289,818 0.30 2,831,262 Empresa Nacional de Electricidad 4,601,156 0.60

60,100 Empresa Nacional de Electricidad ADR 2,910,643 0.38 517,008 Empresas COPEC 7,332,486 0.96 187,300 Enersis ADR 3,405,114 0.45 253,683 ENTEL Chile 5,244,954 0.69 289,994 Latam Airlines ADR 6,782,960 0.89 854,905 SACI Falabella 8,805,093 1.16 127,527 Sociedad Quimica y Minera de Chile ADR 7,260,112 0.95 979,290 Sonda 3,111,312 0.41

Colombia 44,978,235 5.90 433,796 Almacenes Exito 8,715,200 1.14 41,332 Bancolombia ADR 2,745,685 0.36

1,001,596 Cementos Argos 5,725,025 0.75 302,661 Ecopetrol ADR 18,280,724 2.40 199,926 Grupo de Inversiones Suramericana 4,299,484 0.57 236,149 Grupo de Inversiones Suramericana Preference 5,212,117 0.68

Mexico 181,670,127 23.85 5,658,163 Alfa 11,941,501 1.57

576,200 Alpek 1,543,484 0.20 1,242,731 America Movil ADR 28,495,822 3.74 3,125,181 Bolsa Mexicana de Valores 7,587,061 1.00 1,140,059 Cemex ADR 11,035,771 1.45

19,900 Coca-Cola Femsa ADR 2,922,912 0.38 1,519,715 Corp Moctezuma 3,685,931 0.48

707,570 El Puerto de Liverpool 7,242,139 0.95 281,320 Fomento Economico Mexicano ADR 28,278,286 3.71 92,094 Grupo Aeroportuario del Sureste ADR 10,285,979 1.35

3,605,075 Grupo Bimbo 9,096,309 1.19 2,392,638 Grupo Financiero Banorte 15,460,264 2.03 5,937,348 Grupo Mexico - B Shares 21,390,453 2.81

173,200 Grupo Modelo - C Shares 1,558,167 0.21 70,553 Industrias Penoles 3,467,160 0.46

2,642,026 Mexichem 14,579,712 1.91 951,100 Wal-Mart de Mexico 3,099,176 0.41

Peru 3,654,444 0.48 444,000 Alicorp 1,426,366 0.19 62,289 Companhia de Minas Buenaventura ADR 2,228,078 0.29

United States of America 6,806,534 0.89 22,013 Credicorp 3,226,005 0.42 96,070 Southern Copper 3,580,529 0.47

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 757,596,148 99.42

주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산



슈로더 중동 펀드 (Middle East) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Egypt 13,366,351 7.13 1,278,145 Commercial International Bank Egypt 6,941,290 3.70 1,085,335 Ezz Steel 1,693,065 0.90

230,993 Ghabbour Auto 1,007,347 0.54 284,378 Medinet Nasr Housing 1,051,184 0.56 44,411 Orascom Construction Industries 1,760,645 0.94

1,463,639 Orascom Telecom 912,820 0.49 Kuwait 16,795,779 8.95

2,978,258 Burgan Bank 5,613,959 2.99 390,854 Kuwait Foods Americana 2,418,771 1.29

4,791,027 Kuwait Projects 6,645,448 3.54 290,471 Mabanee 1,219,034 0.65 620,000 Yiaco Medical 898,567 0.48

Lebanon 18,710 0.01 1,447 Solidere 18,710 0.01

Oman 2,192,431 1.17 1,126,732 Bank Muscat 1,685,599 0.90

132,660 Oman Telecommunications 506,832 0.27 Qatar 19,757,199 10.53

187,312 Commercial Bank of Qatar 3,647,465 1.94 128,486 Gulf International Services 1,058,660 0.56 175,360 Industries Qatar 7,470,018 3.98 22,962 Qatar Electricity & Water 834,982 0.45 86,979 Qatar National Bank 3,127,040 1.67

126,701 Qatar Telecom QTel 3,619,034 1.93 Turkey 74,263,370 39.60

327,526 Akbank 1,625,430 0.87 118,606 Anadolu Efes Biracilik Ve Malt Sanayii 1,707,374 0.91 255,184 Aselsan Elektronik Sanayi Ve Ticaret 1,189,229 0.63 244,472 Coca-Cola Icecek 5,011,861 2.67

3,682,097 Emlak Konut Gayrimenkul Yatirim Ortakligi 6,393,604 3.41 465,046 Haci Omer Sabanci 2,563,184 1.37

1,341,073 Turkcell Iletisim Hizmetleri 8,676,073 4.63 2,571,548 Turkiye Garanti Bankasi 13,453,346 7.17 1,550,982 Turkiye Halk Bankasi 15,376,901 8.20 3,580,806 Turkiye Is Bankasi 12,435,443 6.63 1,063,395 Turkiye Vakiflar Bankasi 2,757,810 1.47 1,055,083 Yapi ve Kredi Bankasi 3,073,115 1.64

United Arab Emirates 18,338,515 9.78 87,598 DP World 1,024,897 0.55

8,729,512 Emaar Properties 8,912,637 4.75 2,660,033 First Gulf Bank 8,400,981 4.48

United Kingdom 2,669,099 1.43 1,967,848 Centamin 1,250,831 0.67

308,918 Lamprell 470,261 0.25 297,529 NMC Health 948,007 0.51


시가 USD

% 순자산

Saudi Arabia 38,107,638 20.32

188,067 Credit Suisse International 14/05/2013 - Etihad Etisalat 3,811,034 2.03

129,002 Credit Suisse International 20/03/2013 - Saudi Pharmaceutical Industries and Medical Appliances 1,503,043 0.80

15,942 Credit Suisse Nassau 07/10/2015 - Saudi Arabian Fertilizer 644,981 0.34

47,410 Credit Suisse Nassau 07/10/2015 - Saudi Basic Industries 1,140,756 0.61

138,999 Credit Suisse Nassau 14/10/2015 - Fawaz Abdulaziz Alhokair 3,807,961 2.03

842,722 Credit Suisse Nassau 21/10/2015 Alarkan 1,870,548 1.00 213,927 Credit Suisse Nassau 21/10/2015 SIIG 1,284,781 0.69 101,055 Credit Suisse Nassau 23/09/2015 - Al Rajhi Bank 1,751,316 0.93

185,275 Credit Suisse Nassau 23/09/2015 - National Industrialization Company 1,368,327 0.73

93,340 HSBC Bank 04/08/2014 - Saudi Basic Industries 2,233,579 1.19 310,868 HSBC Bank 05/12/2014 - Etihad Etisalat 6,288,891 3.35 13,748 HSBC Bank 13/08/2014 - National Arabian Mining 101,352 0.05 46,206 HSBC Bank 22/12/2014 - United Electronics 1,284,323 0.68 12,885 HSBC Bank 26/09/2014 - Saudi Arabian Fertilizer 523,047 0.28

140,737 HSBC Bank 26/09/2014 - Yanbu National Petrochemical 1,774,876 0.95

104,753 HSBC Bank 27/03/2015 - Saudi British Bank 826,721 0.44 856,052 HSBC Bank 27/03/2015 - Saudi British Bank 5,169,698 2.76 66,314 Morgan Stanley 02/10/2013 - Samba Group 790,410 0.42 80,738 Morgan Stanley 02/10/2013 - Saudi Basic Industries 1,931,994 1.04

Switzerland 653,132 0.35 31,206 Credit Suisse/Nassau Warrants 19/08/2015 653,132 0.35


슈로더 대만 주식 펀드 (Taiwanese Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Taiwan 324,069,261 97.83 1,011,000 Asustek Computer 11,360,137 3.43 6,550,676 Cathay Financial 7,101,431 2.15 4,018,000 Cathay Real Estate Development 1,942,833 0.59

759,000 CHC Healthcare 3,121,468 0.95 2,476,876 Cheng Shin Rubber Industry 6,427,245 1.94 1,508,000 Cheng Uei Precision Industry 3,243,625 0.98

819,771 China Steel Chemical 3,667,627 1.11 15,686,154 Chinatrust Financial 9,258,270 2.80 2,956,000 Chipbond Technology 5,808,845 1.75 5,732,760 Chunghwa Telecom 18,644,245 5.63 4,154,199 Far EasTone Telecommunications 10,593,872 3.20 1,687,000 Formosa Petrochemical 4,993,014 1.51 1,813,660 Formosa Plastics 4,906,001 1.48 1,787,000 Fubon Financial 2,158,643 0.65

760,000 Genius Electronic Optical 5,544,963 1.67 9,683,776 Hon Hai Precision Industry 29,627,549 8.94 1,145,950 HTC 11,851,119 3.58 1,049,938 Huaku Development 2,558,269 0.77 1,009,000 King Slide Works 6,389,373 1.93

69,000 Largan Precision 1,847,472 0.56 1,542,706 MediaTek 17,175,393 5.18

773,481 MStar Semiconductor 5,803,037 1.75 2,314,000 Novatek Microelectronics 9,357,298 2.82 4,222,000 Orise Technology 5,637,664 1.70 1,488,000 Pacific Hospital Supply 4,240,162 1.28 5,562,000 Pegatron 7,187,703 2.17 9,309,565 President Securities 5,414,587 1.63

14,924,304 Prince Housing & Development 10,631,968 3.21 4,397,000 Quanta Computer 10,335,379 3.12 2,279,337 Radiant Opto-Electronics 9,374,016 2.83 5,707,000 Siliconware Precision Industries 6,088,619 1.84 3,712,000 Taiwan Cement 4,969,432 1.50 3,701,080 Taiwan Mobile 13,628,921 4.11 9,766,565 Taiwan Semiconductor Manufacturing 32,603,394 9.84 4,373,287 Uni-President Enterprises 8,022,032 2.42

18,230,000 United Microelectronics 7,340,434 2.22 3,115,125 Win Semiconductors 3,505,682 1.06

19,851,871 Yuanta Financial 10,213,906 3.08 607,000 Zhen Ding Technology 1,493,633 0.45


슈로더 미국 중소형주 펀드 (US Small & Mid-Cap Equity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

United States of America 880,367,312 90.96 380,200 ADTRAN 7,356,870 0.76 19,307 Affiliated Managers 2,466,276 0.26

168,800 AGCO 8,114,216 0.84 135,745 Airgas 12,313,429 1.27 95,700 Alaska Air 4,089,261 0.42

470,650 Amdocs 15,818,547 1.63 516,057 Apartment Investment & Management 13,809,685 1.43 245,200 Applied Industrial Technologies 10,065,460 1.04 190,100 Armstrong World Industries 9,516,406 0.98 400,184 Arrow Electronics 15,014,904 1.55 220,100 Asbury Automotive 6,737,261 0.70 949,600 Atmel 5,887,520 0.61 121,000 Autodesk 4,232,580 0.44 43,200 Autoliv 2,848,176 0.28

223,100 Avnet 6,666,228 0.69 167,800 Bally Technologies 7,363,064 0.76 117,700 Bank of Hawaii 5,188,216 0.54 611,100 Berry Plastics 9,765,378 1.02 189,993 Cabot 7,402,127 0.76 153,700 Cabot Microelectronics 5,325,705 0.55 551,100 CareFusion 15,618,174 1.61 132,500 Casey's General Stores 6,904,575 0.71 127,407 Childrens Place Retail Stores 5,590,619 0.58 166,800 CIT 6,336,732 0.65 252,800 Cleco 9,995,712 1.03 100,100 Comerica 3,016,013 0.31 74,500 Concho Resources 5,875,815 0.61

196,800 Coventry Health Care 8,745,792 0.90 422,000 Crown 15,419,880 1.59 114,300 Cullen/Frost Bankers 6,181,344 0.64 44,600 DaVita HealthCare Partners 4,895,296 0.51

631,400 Denbury Resources 9,849,840 1.02 196,400 DENTSPLY International 7,661,564 0.79 102,600 Domino's Pizza 4,373,838 0.45 79,500 Dover 5,150,010 0.53

236,400 Dresser-Rand 13,023,276 1.35 129,100 Elizabeth Arden 5,561,628 0.57 233,300 Energen 10,241,870 1.06 80,000 Erie Indemnity 5,300,000 0.55

624,900 First Horizon National 6,105,273 0.63 236,300 First Republic Bank 7,712,832 0.80 87,700 Gartner 3,977,195 0.41

161,900 Genpact 2,473,832 0.26 39,500 Group 1 Automotive 2,346,695 0.24

165,600 Hanesbrands 5,792,688 0.60 189,600 Harman International Industries 8,213,472 0.85 115,500 Harris Teeter Supermarkets 4,300,065 0.44 218,582 HCC Insurance 8,037,260 0.83 67,916 Health Care REIT 4,131,330 0.43

118,405 Henry Schein 9,467,664 0.98 326,100 Hexcel 8,592,735 0.89 110,500 Hillenbrand 2,465,255 0.24 998,300 Huntington Bancshares 6,269,324 0.65 365,843 IDEX 16,799,511 1.74

1,041,300 Integrated Device Technology 7,330,752 0.76 190,601 Jack in the Box 5,413,068 0.56 333,500 JDS Uniphase 4,385,525 0.45 55,184 Kansas City Southern 4,528,399 0.47

107,000 Kennametal 4,221,150 0.44 96,400 Lamar Advertising 3,704,652 0.38 41,734 Liberty Media 4,761,015 0.49

284,527 Life Technologies 13,776,797 1.42 208,400 Life Time Fitness 10,021,956 1.04 120,400 LifePoint Hospitals 4,457,208 0.46 231,600 Linear Technology 7,828,080 0.81 92,400 Manpower 3,860,472 0.40 39,500 Martin Marietta Materials 3,686,930 0.38

176,300 Masimo 3,628,254 0.37 48,900 McCormick & Co. 3,063,096 0.32

284,847 Molex 7,599,718 0.79 324,700 MRC Global 8,682,478 0.90 108,200 Myriad Genetics 2,931,138 0.30 610,400 NII 4,266,696 0.44

125,800 Oil States International 8,695,296 0.90 23,800 Onyx Pharmaceuticals 1,800,232 0.19

625,220 Parametric Technology 14,098,711 1.46 320,700 PAREXEL International 9,367,647 0.97 143,778 PartnerRe 11,484,987 1.19 265,891 PennyMac Mortgage Investment Trust 6,607,391 0.68 652,200 PMC - Sierra 3,339,264 0.35 160,400 Portland General Electric 4,330,800 0.45 287,600 Quanta Services 7,615,648 0.79 540,500 Questar 10,464,080 1.08 147,000 Raymond James Financial 5,593,350 0.58

56,100 Regal-Beloit 3,855,192 0.40 229,800 Reinsurance Group of America 12,188,592 1.26 163,200 Reliance Steel & Aluminum 9,850,752 1.02 274,400 Rent-A-Center 9,247,280 0.96 328,450 Republic Services 9,528,334 0.98

77,500 Rock-Tenn 5,361,450 0.55 221,100 Rollins 4,780,182 0.49 395,471 Ross Stores 21,043,012 2.17 105,300 Royal Gold 8,321,859 0.86 184,300 Ryder System 8,973,567 0.93 162,900 Salix Pharmaceuticals 6,465,501 0.67 141,500 Sally Beauty 3,315,345 0.34 103,700 SBA Communications 7,286,999 0.75 110,400 Silgan 4,505,424 0.47 132,700 Sirona Dental Systems 8,346,830 0.86

38,500 Six Flags Entertainment 2,343,880 0.24 50,677 SM Energy 2,551,080 0.26

112,600 Snap-On 8,708,484 0.90 470,700 Spirit Airlines 8,321,976 0.86 284,200 Susquehanna Bancshares 2,947,154 0.30 246,595 Synopsys 7,799,800 0.81

77,827 Tanger Factory Outlet Centers 2,656,236 0.27 87,000 Torchmark 4,433,520 0.46

113,900 Towers Watson & Co. 6,389,790 0.66 242,134 Universal Health Services 11,472,309 1.19

93,800 Unum 1,927,590 0.20 749,262 Vantiv 15,045,181 1.55 411,500 VeriSign 15,637,000 1.62 190,095 Verisk Analytics 9,525,660 0.98 641,152 Waste Connections 21,273,423 2.20 239,509 Willis 7,999,601 0.83 159,900 Wolverine World Wide 6,424,782 0.66

98,700 WR Berkley 3,712,107 0.38 121,900 Wright Medical 2,468,475 0.26 563,521 Yamana Gold 9,433,342 0.97 391,500 Zions Bancorporation 8,272,395 0.85


시가 USD

% 순자산



슈로더 일본 주식 알파 펀드 (Japanese Equity Alpha) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 JPY

% 순자산

Japan 12,333,311,600 94.49 140,100 Canon 467,934,000 3.60 30,000 Don Quijote 95,100,000 0.73 74,700 East Japan Railway 416,826,000 3.19

934,000 Fujitsu 336,240,000 2.58 153,900 Honda Motor 484,015,500 3.71 136,800 Hoshizaki Electric 313,408,800 2.40 485,900 JTEKT 395,522,600 3.03 888,500 JX 429,145,500 3.29 179,000 Kintetsu World Express 514,446,000 3.94 308,600 Lintec 494,377,200 3.79 262,900 LIXIL 503,979,300 3.86 868,000 Makino Milling Machine 459,172,000 3.52 235,000 Mitsubishi Estate 481,515,000 3.69 402,700 Mitsui & Co 516,664,100 3.96 61,800 Musashino Bank 173,658,000 1.33

436,000 NGK Insulators 442,976,000 3.39 2,876 NTT DOCOMO 356,624,000 2.73

593,000 Sekisui House 558,606,000 4.28 670,000 Shimadzu 393,290,000 3.01 47,700 Shimamura 399,726,000 3.06

259,400 Stanley Electric 316,468,000 2.42 183,200 Sumitomo Mitsui Financial 570,668,000 4.37 139,800 TDK 434,778,000 3.33

1,317,000 Tokai Carbon 472,803,000 3.62 116,700 Tokyo Electron 459,214,500 3.52

1,039,600 Tokyo Steel Manufacturing 433,513,200 3.32 209,000 Wacoal 187,264,000 1.43 145,900 Xebio 256,054,500 1.96 153,920 Yamada Denki 511,784,000 3.92 349,800 Yamato 457,538,400 3.51


슈로더 QEP 글로벌 액티브 가치형 펀드 (QEP Global Active Value) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 36,625,236 3.20 146,300 Adelaide Brighton 473,582 0.04 190,949 Aditya Birla Minerals 95,491 0.01 93,740 ALS 1,050,377 0.09

960,090 AMP 4,791,301 0.42 54,007 BHP Billiton 2,078,837 0.18

202,501 Breville 1,397,157 0.12 107,210 Cabcharge Australia 487,198 0.04 113,304 Cardno 819,359 0.07 352,577 CFS Retail Property Trust 700,518 0.06 45,733 Charter Hall Retail REIT 178,408 0.02

115,103 Codan 287,806 0.03 42,940 Credit 362,200 0.03 89,876 CSR 182,766 0.02

218,292 Decmil 577,530 0.05 79,289 Fleetwood 805,364 0.07 61,548 Flight Centre 1,724,146 0.15

137,390 Forge 702,746 0.06 660,944 Grange Resources 240,010 0.02 27,926 GUD 250,623 0.02

173,125 Iluka Resources 1,620,178 0.14 334,267 Investa Office Fund 1,030,022 0.09 49,045 JB Hi-Fi 526,661 0.05

138,218 Kingsgate Consolidated 630,977 0.06 254,872 M2 Telecommunications 1,105,337 0.10 192,866 Macmahon 45,023 - 128,577 Macmahon Rights 14/01/2013 8,671 - 15,392 Macquarie 566,758 0.05

172,867 Mineral Resources 1,741,517 0.15 48,069 Mirvac 74,061 0.01 99,387 Monadelphous 2,518,093 0.22

716,431 Mount Gibson Iron 620,665 0.05 267,910 NRW 522,569 0.04 32,842 OrotonGroup 235,112 0.02 75,027 OZ Minerals 521,541 0.04 70,958 Perilya 25,031 -

302,300 Qantas Airways 467,327 0.04 412,353 Ramelius Resources 188,243 0.02 213,967 RCR Tomlinson 415,131 0.04 397,714 Resolute Mining 676,723 0.06 51,946 Sedgman 66,560 0.01 60,488 SMS Management & Technology 290,567 0.03

253,095 St Barbara 379,444 0.03 27,595 Stockland 101,065 0.01

1,112,171 Telstra 5,042,541 0.44 Austria 6,189,093 0.54

3,500 AMAG Austria Metall 107,109 0.01 53,988 Oesterreichische Post 2,225,733 0.19 81,340 OMV 2,940,100 0.26 17,402 Raiffeisen Bank International 723,286 0.06 21,065 Wienerberger 192,865 0.02

Belgium 8,487,895 0.74 12,799 Ageas 375,702 0.03 3,111 Barco 224,036 0.02

148,875 Belgacom 4,368,111 0.38 756 Econocom 5,944 -

7,829 EVS Broadcast Equipment 459,315 0.04 51,286 KBC Groep 1,772,114 0.16 50,063 Mobistar 1,282,673 0.11

Brazil 7,991,150 0.70 158,900 AES Tiete Preference 1,829,673 0.16

72,700 Companhia Energetica de Minas Gerais ADR Preference 785,160 0.07

3,700 Companhia Energetica do Ceara Preference 81,271 0.01 42,200 CPFL Energia 440,806 0.04

178,200 EDP - Energias do Brasil 1,086,405 0.09 82,600 Eternit 326,578 0.03 45,100 Light 491,352 0.04 24,000 Santos Brasil Participações 342,071 0.03

160,200 Tractebel Energia 2,607,834 0.23 Canada 23,403,121 2.04

56,300 Alacer Gold 278,206 0.02 10,300 Atco 820,462 0.07 23,779 BCE 1,015,739 0.09 8,200 Bird Construction 107,066 0.01

36,300 Calfrac Well Services 877,194 0.08 170,600 Canadian Oil Sands 3,404,632 0.30 61,500 Celestica 489,208 0.04 30,700 Chorus Aviation 117,786 0.01 65,200 Ensign Energy Services 991,441 0.09 54,800 Genworth MI Canada 1,254,348 0.11 57,500 HudBay Minerals 573,470 0.05 26,800 Magna International 1,328,358 0.11 28,400 Medical Facilities 392,206 0.03 7,800 Morguard Real Estate Investment Trust 139,917 0.01

160,900 Nevsun Resources 667,420 0.06 24,300 Petrobank Energy & Resources 300,684 0.03 93,700 Petrominerales 774,520 0.07

147,700 Power Corp of Canada 3,726,434 0.32 74,700 Power Financial 2,026,462 0.18 68,300 Research In Motion 806,031 0.07 41,000 Rogers Communications 1,864,591 0.16 15,800 Teck Resources 556,527 0.05 21,900 Wajax 889,945 0.08

80 Yellow Media 474 - Chile 159,774 0.01

225,178 Aguas Andinas 159,774 0.01 China 257,702 0.02

47,900 Giant Interactive ADR 257,702 0.02 Czech Republic 2,210,294 0.19

47,542 CEZ 1,698,241 0.15 911 Philip Morris 512,053 0.04

Denmark 4,753,871 0.41 343 AP Moller - Maersk 2,587,854 0.22

14,866 D/S Norden 429,422 0.04 37,836 Danske Bank 640,953 0.05 61,604 H Lundbeck 904,481 0.08 33,878 Vestas Wind Systems 191,161 0.02

Finland 9,581,839 0.84 103,208 Elisa 2,281,552 0.20 148,037 Orion 4,338,633 0.38 11,054 PKC 226,252 0.02 26,898 Rautaruukki 211,652 0.02 33,836 Sanoma 332,415 0.03 83,760 Stora Enso 580,501 0.05 57,102 Tieto 1,123,485 0.10 41,888 UPM-Kymmene 487,349 0.04

France 41,920,261 3.66 1,780 Alten 61,505 0.01

84,810 AXA 1,496,062 0.13 82,498 BNP Paribas 4,642,172 0.40 14,868 Bouygues 440,070 0.04

197 Cegid 3,983 - 47,280 Compagnie Générale des Etablissements Michelin 4,472,506 0.39 8,476 Ciments Français 500,745 0.04

151,329 CNP Assurances 2,320,537 0.20 122,518 Crédit Agricole 984,941 0.09 10,230 Eiffage 453,783 0.04 1,861 Esso SA Francaise 132,764 0.01 3,314 Euler Hermes 284,634 0.03

30,308 Faurecia 469,360 0.04 2,894 Foncière Des Regions 242,060 0.02

16,006 Groupe Steria 300,326 0.03 87,719 Metropole Television 1,369,457 0.12

175,267 Natixis 590,557 0.05 13,771 Neopost 727,858 0.06 2,057 NetGem 7,203 - 4,953 Nexans 219,280 0.02

23,741 Nexity 801,043 0.07 6,242 Plastic Omnium 187,929 0.02

13,824 Renault 743,172 0.06 2,061 Saft Groupe 48,203 -

89,859 Sanofi 8,476,569 0.74 3,996 SEB 294,157 0.03

57,139 Société Générale 2,139,704 0.19 121,633 Total 6,269,725 0.55

625 Total Gabon 284,505 0.02 28,144 Valeo 1,399,584 0.12 32,744 Vinci 1,555,867 0.14

Germany 25,802,870 2.25 11,529 ADVA Optical Networking 60,631 0.01 12,560 Allianz 1,739,290 0.15 29,508 Aurubis 2,099,259 0.18 40,989 Axel Springer 1,748,595 0.15 17,188 Balda 76,515 0.01

54,353 BASF 5,109,984 0.45 1,935 Bechtle 78,367 0.01

422,817 Commerzbank 801,166 0.07 24,251 Deutsche Bank 1,055,860 0.09 30,470 Deutsche Lufthansa 573,329 0.05 56,734 Drillisch 835,496 0.07 82,058 Freenet 1,517,994 0.13 63,628 K+S 2,942,642 0.26 16,609 Kloeckner & Co. 196,816 0.02 17,550 Leoni 662,071 0.06 11,556 Muenchener Rueckversicherungs 2,076,670 0.18 2,549 Nemetschek 111,822 0.01

10,189 NORMA 282,730 0.02 8,419 Salzgitter 438,585 0.04

13,762 SMA Solar Technology 345,688 0.03 10,132 Volkswagen Preference 2,304,747 0.20 11,351 Wacker Chemie 744,613 0.06

Hong Kong SAR 45,434,178 3.96 1,175,000 361 Degrees International 336,565 0.03

292,000 Agile Property 410,665 0.04 1,034,000 Anta Sports Products 915,215 0.08 3,720,000 Apollo Solar Energy Technology 167,992 0.01

207,500 Asia Cement China 102,541 0.01 204,000 Baoye 'H' 141,346 0.01

3,358,000 Bosideng International Holdings 996,523 0.09 6,148,421 Champion Technology 89,644 0.01 1,412,000 China BlueChemical 'H' 947,364 0.08 1,230,000 China Communications Services 'H' 710,987 0.06

228,000 China Green/Bermuda 45,598 - 442,000 China Lilang 261,766 0.02 434,000 China Mobile 5,053,772 0.44 974,000 China Petroleum & Chemical 'H' 1,103,398 0.10 944,000 China South City 142,507 0.01

1,702,000 China Travel International 349,169 0.03 1,979,000 China Vanadium Titano - Magnetite Mining 467,278 0.04

940,000 Citic Resources 144,329 0.01 1,314,000 CNOOC 2,844,893 0.25

70,400 Dah Sing Financial 317,467 0.03 12,135 Digitalhongkong.com 1,409 -

621,000 Dongyue 411,043 0.04 1,646,333 Emperor International 454,580 0.04 3,246,000 First Pacific/Hong Kong 3,564,156 0.31

902,000 Giordano International 867,045 0.08 16,000 Goldlion 8,567 - 58,137 Great Eagle 192,781 0.02

152,000 Great Wall Technology ‘H’ 29,222 - 408,000 Guangshen Railway 'H' 162,140 0.01 388,800 Guangzhou R&F Properties 'H' 647,135 0.06 381,600 HSBC 4,002,926 0.35

1,122,000 International Taifeng 306,907 0.03 48,000 Kingmaker Footwear 6,936 -

100,000 Kowloon Development 119,478 0.01 150,000 Lee & Man Chemical 83,222 0.01 34,000 Luen Thai 5,133 -

780,000 Minth 896,708 0.08 1,564,000 NagaCorp 948,447 0.08

575,000 New World Development 891,766 0.08 86,000 Pacific Textile 77,230 0.01

770,500 Ports Design 612,396 0.05 432,000 Prince Frog International 181,711 0.02

2,578,000 Real Nutriceutical 938,017 0.08 381,000 Regent Manner International 72,264 0.01

8,025,000 REXLot 610,908 0.05 225,000 Road King Infrastructure 196,540 0.02

7,095,000 Shenzhen International 741,508 0.06 547,000 Shenzhou International 1,235,106 0.11

2,954,000 Shougang Fushan Resources 1,086,261 0.09 606,000 SinoMedia Holding 278,356 0.02

1,076,500 SmarTone Telecommunications 1,955,669 0.17 1,224,300 Stelux 402,816 0.04

531,000 SUNeVision 108,936 0.01 75,000 TAI Cheung 61,449 0.01 93,000 TCL Communication Technology 29,039 -

111,000 Television Broadcasts 829,240 0.07 1,942,000 Tiangong International 466,059 0.04 1,118,000 Tianneng Power International 718,373 0.06

278,000 Travelsky Technology 'H' 148,499 0.01 61,300 VTech 686,924 0.06

579,000 Wheelock & Co. 2,913,546 0.25 1,053,000 XTEP International 452,430 0.04

724,000 Yanzhou Coal Mining 'H' 1,197,582 0.10 42,000 YGM Trading 98,953 0.01

236,000 Zhejiang Expressway 'H' 185,746 0.02 Hungary 128,076 0.01

1,610 Egis Pharmaceuticals 128,076 0.01 Indonesia 7,158,358 0.62

4,065,500 Aneka Tambang Persero 531,275 0.04 60,000 Indo Tambangraya Megah 254,518 0.02


5,070,500 Telekomunikasi Indonesia Persero 4,684,842 0.41 Ireland 873,243 0.08

8,960 DCC 292,966 0.03 47,698 Smurfit Kappa 567,236 0.05 17,698 Total Produce 13,041 -

Israel 10,707,380 0.93 491,740 Bank Hapoalim 2,097,088 0.18 253,630 Bank Leumi Le-Israel 857,686 0.08 855,711 Bezeq The Israeli Telecommunication 980,186 0.09 48,521 Cellcom Israel 399,784 0.03

395,308 Israel Chemicals 4,862,310 0.42 689,823 Israel Discount Bank 1,121,009 0.10 65,166 Partner Communications 389,317 0.03

Italy 23,815,969 2.08 48,846 Atlantia 882,305 0.08 83,491 Autostrada Torino-Milano 861,612 0.07

1,460,706 Banca Monte dei Paschi di Siena 435,628 0.04 1,542,565 Banca Popolare di Milano 921,304 0.08

37,823 Credito Emiliano 206,508 0.02 31,246 Danieli & C Officine Meccaniche 897,997 0.08 66,219 De'Longhi 955,491 0.08

279,685 Enel 1,159,694 0.10 310,910 Eni 7,534,513 0.66 18,234 Exor 457,780 0.04

835,089 Intesa Sanpaolo 1,434,489 0.12 37,275 Italcementi 208,836 0.02

298,558 Mediobanca 1,839,171 0.16 54,738 Piccolo Credito Valtellinese 84,335 0.01

308,549 Recordati 2,817,237 0.25 107,170 Societa Iniziative Autostradali e Servizi 1,001,184 0.09 353,896 UniCredit 1,733,015 0.15 83,077 Unione di Banche Italiane 384,870 0.03

Japan 145,926,302 12.73 21,200 Aeon Delight 413,844 0.04 5,300 Aeon Fantasy 71,018 0.01

120,900 Ai Holdings 858,975 0.07 9,300 Ain Pharmaciez 507,400 0.04

25,100 Aisan Industry 207,956 0.02 53,500 Aisin Seiki 1,649,202 0.14 26,200 Alpen 460,213 0.04 16,300 Alpine Electronics 149,571 0.01 89,000 Amada 571,569 0.05 13,600 Amuse 262,337 0.02 15,200 AOKI 346,846 0.03 27,600 Aoyama Trading 527,600 0.05

327,000 Aozora Bank 998,935 0.09 3,000 Arcland Sakamoto 46,448 -

46,700 Arcs 953,778 0.08 41,700 Arnest One 681,811 0.06 72,300 Arrk 135,531 0.01 46,000 Asahi 773,941 0.07 65,000 Asahi Diamond Industrial 638,567 0.06

145,000 Asahi Glass 1,050,336 0.09 206,000 Asahi Kasei 1,208,540 0.11

3,800 Autobacs Seven 159,176 0.01 22,200 Avex 449,035 0.04 74,000 Bank of Kyoto 623,374 0.05 1,200 Bank of Okinawa 48,183 - 4,700 Bank of the Ryukyus 54,386 - 2,250 Belluna 15,856 -

90,000 Broccoli 155,172 0.01 75,800 Brother Industries 806,943 0.07 85,000 Calsonic Kansei 346,216 0.03 65,100 Canon 2,516,015 0.22 29,600 Canon Electronics 646,665 0.06 4,500 Cawachi 88,990 0.01

57,000 Central Glass 191,275 0.02 230,000 Chiba Bank 1,341,356 0.12 32,400 Chori 347,545 0.03 64,200 Citizen 335,783 0.03

38,100 CKD 238,511 0.02 2,700 CMIC 37,960 -

10,200 Coca-Cola Central Japan 126,290 0.01 23,800 Cocokara fine 742,201 0.06 7,100 Corona 87,826 0.01

16,000 CREATE SD 452,303 0.04 277 CyberAgent 567,334 0.05

49,000 Dai Nippon Printing 381,590 0.03 29,000 Daiichi Jitsugyo 133,893 0.01 28,200 Daiichikosho 655,564 0.06 10,600 Daikoku Denki 221,518 0.02

143,000 Daikyo 387,202 0.03 43,000 Daishi Bank 135,339 0.01

117,000 Daiwa House Industry 2,002,349 0.17 30,100 DCM 197,834 0.02 48,600 Dena 1,598,255 0.14 9,400 Doshisha 245,823 0.02

419 Dr Ci:Labo 1,307,133 0.11 9,000 Eagle Industry 73,837 0.01 5,800 Elecom 98,456 0.01

232 EPS 595,705 0.05 17,700 ESPEC 134,358 0.01 34,300 Exedy 749,742 0.07 56,100 FamilyMart 2,307,747 0.20 17,100 FCC 353,397 0.03

817 Fuji Media 1,229,943 0.11 19,500 Fuji Seal International 392,166 0.03 47,400 FUJIFILM 945,038 0.08 21,000 Fujitec 151,146 0.01 4,700 Fukuda Denshi 145,264 0.01

36,000 Fukui Bank 71,234 0.01 9,800 Goldcrest 165,337 0.01

62,600 Gree 969,206 0.08 224,000 Gunma Bank 1,091,229 0.10 294,000 Hachijuni Bank 1,466,258 0.13 21,500 Happinet 174,150 0.02 25,400 Hard Off 172,527 0.02 2,400 Heiwa 38,908 -

208 Heiwa Real Estate REIT 138,153 0.01 130,000 Higo Bank 722,055 0.06 10,400 Hitachi High-Technologies 213,608 0.02 53,500 Hitachi Transport System 779,409 0.07 20,800 Hogy Medical 986,809 0.09 6,000 Hokuetsu Bank 12,150 - 9,930 Honeys 130,531 0.01 6,300 Idemitsu Kosan 545,290 0.05 1,200 Inaba Denki Sangyo 34,367 -

13,000 Inabata & Co. 87,098 0.01 415 Infocom 487,416 0.04 608 Inpex 3,218,699 0.28

191,000 Ishihara Sangyo Kaisha 150,289 0.01 2,600 ITC Networks 19,977 -

220,000 ITOCHU 2,308,956 0.20 23,200 J Trust 394,362 0.03 13,000 Japan Aviation Electronics Industry 95,823 0.01 11,500 Japan Digital Laboratory 128,946 0.01 2,000 Japan Radio 5,485 -

81,800 Japan Tobacco 2,309,558 0.20 4,200 JSP 57,834 0.01

61,900 JTEKT 583,043 0.05 32,000 Juroku Bank 108,123 0.01 76,400 Justsystems 450,868 0.04 68,400 JVC Kenwood 252,483 0.02

101,000 Kaken Pharmaceutical 1,485,432 0.13 18,000 Kamei 161,629 0.01 6,100 Kato Sangyo 108,702 0.01

20,000 Kawasaki Kinkai Kisen Kaisha 51,377 - 57,400 KDDI 4,044,966 0.35 19,000 Keiyo Bank 83,545 0.01

58 Kenedix Realty Investment 202,013 0.02 19,000 Kinden 123,340 0.01 96,000 Kinki Sharyo 321,037 0.03 28,500 Kintetsu World Express 947,801 0.08 17,900 Kohnan Shoji 218,520 0.02 39,000 Kuraray 507,695 0.04 23,100 Kurita Water Industries 505,730 0.04 35,200 Kuroda Electric 414,237 0.04 63,000 KYB 252,962 0.02 21,600 Kyokuto Securities 218,949 0.02 14,800 Lasertec 267,160 0.02

49,900 Lintec 925,015 0.08 13,400 Macnica 264,527 0.02 93,000 Maeda Road Construction 1,416,200 0.12 15,000 Makino Milling Machine 91,819 0.01

172,000 Marubeni 1,222,032 0.11 25,900 Matsumotokiyoshi 611,087 0.05 11,000 Max 133,904 0.01 37,000 Medical System Network 170,829 0.01 33,400 Megane TOP 394,601 0.03 18,900 Meitec 415,091 0.04 11,600 Melco 204,027 0.02

99 MID Reit 234,269 0.02 21,700 Ministop 364,094 0.03 20,900 Miraca 840,402 0.07 5,300 Miraial 99,536 0.01

114 Mistui Knowledge Industry 18,705 - 38,700 Mitsubishi 737,548 0.06

455,900 Mitsubishi UFJ Financial 2,431,959 0.21 122,000 Mitsui & Co. 1,811,224 0.16 294,000 Mitsui Engineering & Shipbuilding 449,063 0.04 240,000 Mitsui Matsushima 399,907 0.03

5,000 Miyazaki Bank 12,150 - 623,200 Mizuho Financial 1,132,173 0.10 27,000 Mochida Pharmaceutical 330,861 0.03 73,900 Moshi Moshi Hotline 939,784 0.08

212 MTI 197,477 0.02 5,000 Musashi Seimitsu Industry 104,837 0.01

80,900 Namco Bandai 1,045,653 0.09 8,500 Namura Shipbuilding 27,737 - 6,600 NEC Capital Solutions 99,283 0.01 2,400 NEC Fielding 28,688 -

24,300 NEC Mobiling 985,553 0.09 23,200 NEC Networks & System Integration 411,275 0.04 90,800 NET One Systems 893,080 0.08 26,300 Nichii Gakkan 208,464 0.02 3,000 Nichireki 17,531 -

32 NIFTY 50,025 - 43,000 Nihon Nohyaku 227,887 0.02 2,450 Nihon Trim 65,885 0.01

52,000 Nippo 716,038 0.06 42,000 Nippon Carbon 86,508 0.01

138,500 Nippon Coke & Engineering 177,893 0.02 112,000 Nippon Electric Glass 631,150 0.06 23,000 Nippon Pillar Packing 152,499 0.01 62,000 Nippon Piston Ring 119,810 0.01 22,000 Nippon Road 102,337 0.01

153,000 Nippon Shokubai 1,561,514 0.14 67,000 Nippon Telegraph & Telephone 2,814,279 0.25

303,000 Nishi-Nippon City Bank 746,806 0.07 57,300 Nissan Motor 537,726 0.05 13,100 Nisshin Fudosan/Japan 81,250 0.01 63,000 Nissin Electric 320,759 0.03 33,100 Nissin Kogyo 508,259 0.04 21,500 Nitori 1,574,809 0.14 10,600 Nitta 169,266 0.01

154,000 Nittetsu Mining 677,158 0.06 47,900 Nittoc Construction 212,840 0.02 12,500 Nittoku Engineering 138,712 0.01 44,500 NOK 688,972 0.06

303,200 Nomura 1,764,749 0.15 21,400 Nomura Research Institute 443,749 0.04 62,000 Noritake 149,942 0.01 11,900 NSD 103,826 0.01 72,000 NTN 192,455 0.02 2,509 NTT DOCOMO 3,600,046 0.31

86 Nuflare Technology 521,453 0.05 95,000 OKK 125,318 0.01 42,000 OKUMA 285,767 0.02 10,940 ORIX 1,226,667 0.11

68 Orix JREIT 334,807 0.03 185,400 Otsuka 5,221,750 0.46 98,000 Pacific Metals 458,135 0.04 7,900 Pal 356,515 0.03 4,710 Point 171,952 0.02

1 Premier Investment 3,685 - 71,000 Press Kogyo 319,590 0.03

174 Riberesute 99,765 0.01 98,000 Riken 360,611 0.03 7,100 Riso Kagaku 132,766 0.01

82,500 Round One 471,592 0.04

3,500 San-A 130,815 0.01 93,000 San-In Godo Bank 652,141 0.06

173,000 Sankyu 650,602 0.06 38,000 Sasebo Heavy Industries 44,851 - 91,300 Sega Sammy 1,537,162 0.13 47,000 Seino 296,945 0.03

93 Sekisui House SI Investment 426,151 0.04 22,600 Seria 359,058 0.03 23,700 Shimachu 496,652 0.04 13,700 Shimamura 1,328,466 0.12 29,500 Shinko Electric Industries 232,805 0.02 20,000 Shinsho 39,111 - 83,000 Shizuoka Bank 807,718 0.07 24,600 Showa 241,958 0.02 74,800 Skymark Airlines 424,115 0.04 23,800 Sodick 110,435 0.01 7,400 SoftBank Technology 67,903 0.01

18,000 Sogo Medical 606,735 0.05 5,100 St Marc 181,173 0.02

12,100 Star Micronics 120,972 0.01 30,400 Studio Alice 436,547 0.04 52,000 Sumikin Bussan 134,182 0.01 39,400 Sumitomo 501,504 0.04 49,200 Sumitomo Densetsu 534,015 0.05

254,000 Sumitomo Heavy Industries 1,196,228 0.10 86,000 Sumitomo Metal Mining 1,202,129 0.10 18,100 Sumitomo Mitsui Financial 652,413 0.06

248,000 Sumitomo Mitsui Trust 863,782 0.08 23,500 Sumitomo Pipe & Tube 191,165 0.02 16,100 Sun 123,330 0.01 2,000 Suncall 9,604 -

88,000 T RAD 229,114 0.02 19,000 Tachi-S 323,409 0.03

166 Tact Home 206,876 0.02 38,000 Taihei Dengyo Kaisha 233,048 0.02 49,000 Taihei Kogyo 201,284 0.02 8,500 Taiho Kogyo 91,275 0.01

24,900 Taikisha 469,936 0.04 24,500 Taka-Q 90,436 0.01 16,900 Takata 342,811 0.03 9,900 Takeuchi Manufacturing 133,573 0.01

264 Tay Two 15,274 - 13,000 TBK 69,197 0.01 16,700 Tecmo Koei 140,101 0.01

159,000 Teijin 391,888 0.03 8,800 Teikoku Electric Manufacturing 138,283 0.01

12,000 Toa/Hyogo 84,980 0.01 250,000 Toagosei 974,890 0.09 19,900 Tocalo 332,050 0.03 36,900 Tokai Rika 508,966 0.04 14,900 Tokai Rubber Industries 149,138 0.01 7,800 Tokai/Gifu 195,496 0.02 2,390 Token 133,438 0.01

20,800 Tokyo Ohka Kogyo 408,683 0.04 20,700 Tokyo Seimitsu 337,016 0.03 6,500 Tomoe Engineering 115,754 0.01

51,000 Toppan Forms 456,179 0.04 76,000 Toppan Printing 467,855 0.04 10,100 Topre 91,861 0.01 92,000 Toshiba Machine 451,377 0.04 34,000 Toshiba Plant Systems & Services 489,817 0.04

175,000 Tosoh 417,149 0.04 11,000 Totetsu Kogyo 150,324 0.01 30,700 Touei Housing 424,159 0.04 15,100 Towa 94,178 0.01 10,600 Toyo 118,609 0.01 9,800 Toyo Tanso 199,810 0.02

59,800 Toyota Boshoku 686,434 0.06 21,300 Transcosmos 228,725 0.02 12,900 Trusco Nakayama 235,400 0.02 24,000 Tsubakimoto Chain 134,413 0.01 50,200 Unipres 1,096,709 0.10 25,000 Universal Entertainment 429,588 0.04 33,000 UNY 244,006 0.02 13,890 USS 1,444,933 0.13 19,100 Valor 300,137 0.03

65 Village Vanguard 71,378 0.01 14,000 Wakita & Co. 114,372 0.01 10,900 Welcia Holdings 379,015 0.03 13,540 Yamada Denki 520,950 0.05

5,300 Yamaya 71,141 0.01 38,100 Yamazen 284,361 0.02 9,100 Yellow Hat 137,837 0.01

20,500 Yorozu 300,312 0.03 130,000 Yuasa Trading 231,659 0.02 30,600 Yusen Logistics 303,805 0.03

447 Zappallas 432,931 0.04 Kazakhstan 926,856 0.08

51,492 KazMunaiGas Exploration Production GDR 926,856 0.08 Malaysia 1,607,815 0.14

814,100 Hap Seng Plantations Holdings 750,740 0.07 103,000 Kulim Malaysia 165,043 0.01 50,700 Kumpulan Fima 30,672 -

547,300 Mudajaya 468,910 0.04 188,800 Padini 114,218 0.01 71,200 TDM 78,232 0.01

Mexico 982,095 0.09 272,600 Grupo Mexico 982,095 0.09

Netherlands 18,131,570 1.59 338,493 Aegon 2,148,243 0.19

4,091 Amsterdam Commodities 75,139 0.01 12,453 APERAM 187,750 0.02 57,134 ArcelorMittal 976,522 0.08 9,479 BE Semiconductor Industries 72,521 0.01

13,616 Corio 617,383 0.05 17,623 Heijmans 164,122 0.01

108,053 ING Groep 1,008,148 0.09 296,705 Koninklijke Ahold 3,973,468 0.35 70,933 Koninklijke KPN 348,293 0.03

229,232 Royal Dutch Shell 7,867,775 0.69 39,479 SBM Offshore 548,525 0.05

105,570 SNS REAAL 143,681 0.01 New Zealand 131,288 0.01

123,334 Air New Zealand 131,288 0.01 Norway 19,053,590 1.66

56,275 Atea 607,004 0.05 66,698 Fred Olsen Energy 2,899,303 0.25 72,389 Golden Ocean 51,274 - 12,538 Sparebank 1 Nord Norge 62,210 0.01 40,904 SpareBank 1 SMN 255,900 0.02 76,399 SpareBank 1 SR Bank 510,923 0.05 3,536 Sparebanken More 101,708 0.01

325,936 Statoil 8,144,635 0.71 63,046 TGS Nopec Geophysical 2,057,116 0.18 88,650 Yara International 4,363,517 0.38

Poland 13,197,126 1.15 62,231 Asseco Poland 912,764 0.08 41,138 Jastrzebska Spolka Weglowa 1,229,390 0.10 59,818 KGHM Polska Miedz 3,675,869 0.32

749,361 PGE 4,413,423 0.39 818,982 Synthos 1,433,000 0.13 997,662 Tauron Polska Energia 1,532,680 0.13

Portugal 1,468,181 0.13

1,458,634 Banco Comercial Portugues 144,554 0.01 802,648 Banco Espirito Santo 949,225 0.09 75,579 Portugal Telecom 374,402 0.03

Russia 9,378,387 0.82 178,565 Gazprom OAO ADR 1,689,225 0.15 35,089 Gazprom OAO ADR 813,363 0.07 44,461 Lukoil OAO ADR 2,941,095 0.26

314,435 Surgutneftegaz ADR 2,767,028 0.24 26,800 Tatneft ADR 1,167,676 0.10

Singapore 10,315,316 0.90 839,000 Ausgroup 350,428 0.03 320,000 CapitaCommercial Trust 441,587 0.04

1,089,000 China Minzhong Food 713,484 0.06 590,000 ComfortDelGro 860,079 0.08 82,400 Frasers Commercial Trust 89,077 0.01

516,000 Hong Leong Asia 709,946 0.06 211,000 Indofood Agri Resources 230,691 0.02 69,000 Jardine Cycle & Carriage 2,720,896 0.24 76,000 Lippo Malls Indonesia Retail Trust 30,498 -

245,100 M1 543,975 0.05 1,041,000 UMS 353,806 0.03

207,000 UOL 1,012,072 0.09 2,873,000 Yangzijiang Shipbuilding 2,258,777 0.19

South Africa 16,970,546 1.48 7,172 Afgri 4,510 -

17,872 Astral Foods 218,255 0.02 98,329 Coronation Fund Managers 460,134 0.04

237,712 Gold Fields 2,909,975 0.25 21,312 Kumba Iron Ore 1,430,523 0.13 52,471 Lewis 427,187 0.04

196,979 MTN 4,127,746 0.36 10,891 Palabora Mining 134,865 0.01

146,147 Reunert 1,299,341 0.11 27,889 Sasol 1,193,851 0.10

167,921 Telkom 332,862 0.03 302,872 Vodacom 4,431,297 0.39

South Korea 21,818,020 1.90 14,627 AtlasBX 453,888 0.04 23,020 Bookook Steel 42,946 - 5,850 Chong Kun Dang Pharm 202,919 0.02 5,880 Daechang Forging 224,632 0.02

11,950 Daelim Industrial 974,660 0.09 20,550 Daishin Securities 192,076 0.02 32,600 Daou Technology 481,353 0.04

118,290 Digital Power Communications 373,718 0.03 2,060 Dongbu 6,711 -

26,770 Dongil Paper Manufacturing 46,554 - 10,340 Global & Yuasa Battery 457,055 0.04 21,130 Hae In 69,332 0.01 15,330 Halla Climate Control 340,609 0.03 15,250 Halla Engineering & Construction 114,231 0.01 41,270 Hanil E-Wha 282,438 0.03

567 Hankook Shell Oil 131,029 0.01 34,320 Hansae Yes24 224,579 0.02

450 Hanshin Construction 2,865 - 750 Hanyang Securities 4,612 -

26,910 Hwa Shin 253,539 0.02 1,330 Hyundai Home Shopping Network 150,870 0.01 9,211 Hyundai Motor 1,886,792 0.16 5,979 INTOPS 156,667 0.01

542 KCC Engineering & Construction 13,262 - 25,055 Kia Motors 1,327,115 0.12 10,490 Kolon 173,575 0.02 4,240 Korea Electric Terminal 115,671 0.01

134,030 Korea Exchange Bank 957,465 0.08 69,300 Korea United Pharm 574,317 0.05 62,841 KT&G 4,760,146 0.42

560 Kukdong Oil & Chemicals 10,762 - 30,380 Kwang Dong Pharmaceutical 172,025 0.02 71,800 Kyung Nong 215,061 0.02 8,881 Kyungdong Pharm 108,236 0.01 5,672 MegaStudy 417,950 0.04

137,030 Meritz Fire & Marine Insurance 1,817,766 0.16 750 Mi Chang Oil Industrial 38,250 -

7,515 Neowiz 102,508 0.01 5,640 S&T 51,447 -

29,780 S&T Dynamics 332,229 0.03 8,145 Samsung Card 278,708 0.02

45,880 Samsung Publishing 164,736 0.01 13,080 Sejong Industrial 145,309 0.01 1,667 Sindo 98,456 0.01 1,740 SJM 6,093 -

75,300 SK Telecom ADR 1,182,210 0.10 34,666 Sungwoo Hitech 380,238 0.03 76,680 Tai Lim Packaging 137,303 0.01 1,290 Uniquest 11,223 - 9,290 Whanin Pharmaceutical 73,855 0.01

88,480 Woori Finance 978,798 0.09 1,773 Youngone 99,231 0.01

Spain 8,782,872 0.77 51,968 Banco Bilbao Vizcaya Argentaria 477,932 0.05 20,533 Banco Espanol de Credito 96,452 0.01

134,974 Banco Popular Espanol 104,513 0.01 22,181 Duro Felguera 140,977 0.01

181,348 Enagas 3,867,563 0.34 34,114 Gas Natural SDG 612,144 0.05 3,552 Grupo Catalana Occidente 64,629 0.01

598,265 Mapfre 1,830,062 0.16 76,106 Repsol 1,542,140 0.13 76,106 Repsol YPF Rights 10/01/2013 46,460 -

Sweden 20,012,421 1.75 123,425 Alliance Oil 1,006,703 0.09 41,264 Axfood 1,555,821 0.13 13,658 Betsson 421,428 0.04 31,998 Bilia 460,423 0.04

81,408 Billerud 767,354 0.07 91,987 Boliden 1,728,480 0.15 6,869 Concentric 59,198 0.01 5,349 Haldex 27,577 -

79,536 HIQ International 440,645 0.04 20,994 Intrum Justitia 313,393 0.03 54,899 JM 980,042 0.09 22,653 Kinnevik Investment 473,073 0.04 41,731 Kungsleden 227,344 0.02 18,367 NCC 384,980 0.03 1,053 Nolato 12,721 -

67,715 Oriflame Cosmetics 2,152,968 0.19 165,590 Tele2 2,984,100 0.26 887,265 TeliaSonera 6,016,171 0.52

Switzerland 18,193,209 1.59 8,408 BB Biotech Registered 814,292 0.07 1,515 Georg Fischer Registered 610,105 0.05 4,558 Helvetia Registered 1,728,310 0.15

21,362 Implenia Registered 932,736 0.08 393 Inficon Registered 94,228 0.01

32,861 Logitech International Registered 249,206 0.02 51,911 Novartis Registered 3,263,574 0.29 15,585 Roche 3,138,114 0.27

186 Schweizerische National-Versicherungs-Gesellschaft Registered 8,244 -

3,890 Swiss Life Registered 516,788 0.05 7,766 Swiss Re 560,050 0.05 5,229 Swisscom Registered 2,253,401 0.20

15,133 Zurich Insurance 4,024,161 0.35 Taiwan 24,094,674 2.10

208,000 Ability Enterprise 194,707 0.02 423,000 Accton Technology 235,105 0.02 154,000 Alcor Micro 179,668 0.02 286,000 AMPOC Far-East 260,832 0.02 400,686 Asia Vital Components 213,740 0.02 24,000 ASROCK 82,596 0.01 58,000 Asustek Computer 651,719 0.06 64,000 AV Tech/Taiwan 194,927 0.02

218,640 Chicony Electronics 504,895 0.04 2,522 China Metal Products 2,404 -

295,000 Chin-Poon Industrial 317,772 0.03 460,000 Chipbond Technology 903,947 0.08 540,045 Compal Electronics 363,351 0.03 286,000 Coretronic 221,461 0.02 239,990 CSBC Taiwan 147,428 0.01 51,000 Cyberlink 167,443 0.01

104,000 Dynapack International Technology 409,815 0.04 278,000 Elite Material 275,063 0.02 126,257 Feng TAY Enterprise 151,646 0.01 786,000 Formosan Rubber 563,998 0.05 83,603 FSP Technology 77,397 0.01 37,079 GeoVision 152,491 0.01

293,000 Gigabyte Technology 262,174 0.02 342,000 Grape King Industrial 938,067 0.08

5,646 Great Wall Enterprise 5,169 - 292,800 Highwealth Construction 550,190 0.05 173,000 Holiday Entertainment 247,083 0.02 121,000 HTC 1,251,351 0.11 151,000 Hung Poo Real Estate Development 155,381 0.01 481,000 ICP Electronics 656,353 0.06 80,000 Kinik 113,019 0.01 77,000 Kung Long Batteries Industrial 151,578 0.01

211,000 Kwong Fong Industries 125,989 0.01 359,787 LITE-ON IT 308,934 0.03 767,232 Lite-On Technology 1,017,889 0.09 120,000 Lotes 370,444 0.03 239,500 Lumax International 506,085 0.04 119,000 Makalot Industrial 370,224 0.03 787,871 Phihong Technology 671,088 0.06 301,000 Portwell 293,158 0.03 483,000 Powertech Technology 780,426 0.07 290,000 Primax Electronics 255,997 0.02 109,000 Quanta Storage 66,022 0.01 126,586 Radiant Opto-Electronics 520,598 0.05 394,000 Sigurd Microelectronics 351,192 0.03 331,360 Silitech Technology 570,190 0.05 105,000 Simplo Technology 527,584 0.05 566,000 Sincere Navigation 504,505 0.04 766,620 Sinon 372,005 0.03 293,000 Sirtec International 368,052 0.03

73,000 Sitronix Technology 97,352 0.01 63,240 Sporton International 143,208 0.01

248,000 Syncmold Enterprise 431,015 0.04 116,550 Taiwan Line Tek Electronic 121,135 0.01 492,000 Taiwan Sogo Shin Kong SEC 592,628 0.05 171,200 Taiwan Surface Mounting Technology 259,831 0.02 255,013 Test Research 477,431 0.04 192,000 Topco Scientific 316,509 0.03 25,917 TPK 457,563 0.04

211,000 Transcend Information 586,736 0.05 146,520 Tripod Technology 314,148 0.03 166,000 Tsann Kuen Enterprise 331,920 0.03 24,000 Ttet Union 42,620 -

229,000 Vanguard International Semiconductor 158,803 0.01 62,000 Ways Technical 175,607 0.02

117,600 Weikeng Industrial 84,992 0.01 458,979 Wistron 475,454 0.04 211,045 Wistron NeWeb 355,531 0.03 147,000 Zenitron 89,039 0.01

Thailand 5,357,085 0.47 714,200 Bangchak Petroleum (Foreign) 741,283 0.07 172,300 Bangkok Expressway (Foreign) 195,731 0.02 74,900 Banpu (Foreign) Registered 1,008,787 0.09 96,300 CalComp Electronics Thailand (Foreign) 10,137 - 59,400 Delta Electronics Thailand (Foreign) 62,138 0.01

335,700 Delta Electronics Thailand NVDR 351,174 0.03 56,200 Electricity Generating (Foreign) 277,417 0.02 41,900 Hana Microelectronics (Foreign) 31,230 -

572,300 Khon Kaen Sugar Industry 256,310 0.02 621,500 Lanna Resources (Foreign) 469,325 0.04 392,000 MCS Steel (Foreign) 81,373 0.01 172,500 PTT (Foreign) 1,872,180 0.16

Turkey 8,151,449 0.72 4,451 Bagfas Bandirma Gubre Fabrik 135,876 0.01

171,374 EGE Seramik Sanayi ve Ticaret 198,703 0.02 85,197 Gubre Fabrikalari 677,644 0.06

213,406 Ipek Dogal Enerji Kaynaklari Ve Uretim 719,601 0.06 431,601 Koza Anadolu Metal Madencilik Isletmeleri 1,344,145 0.12

6,311 Mardin Cimento Sanayii ve Ticaret 18,947 - 231,300 Park Elektrik Uretim Madencilik Sanayi ve Ticaret 798,078 0.07 36,407 Tupras Turkiye Petrol Rafinerileri 1,024,731 0.09

296,434 Turk Telekomunikasyon 1,152,328 0.10 54,911 Turk Traktor ve Ziraat Makineleri 1,683,962 0.15

239,709 Turkiye Sise ve Cam Fabrikalari 397,434 0.04 United Kingdom 122,869,993 10.72

663,071 Afren 1,407,765 0.12 255,199 African Barrick Gold 1,820,921 0.16 70,327 Amlin 431,647 0.04 76,594 Anglo American 2,349,321 0.20

185,565 Asian Citrus 91,657 0.01 171,807 AstraZeneca 8,095,185 0.71 325,412 Avocet Mining 368,892 0.03 727,819 BAE Systems 3,970,927 0.35 768,619 Barclays 3,266,198 0.29 241,227 Barratt Developments 811,000 0.07 524,227 Beazley 1,501,809 0.13 38,880 Bellway 651,050 0.06 9,170 Berendsen 88,582 0.01

63,014 BHP Billiton 2,173,113 0.19 34,436 Bovis Homes 320,662 0.03

513,585 BP 3,533,169 0.31 207,044 British Sky Broadcasting 2,571,731 0.22 121,371 Cairn Energy 520,476 0.05 83,333 Cape 286,102 0.02

183,646 Carillion 942,775 0.08 33,902 Carphone Warehouse 113,374 0.01

348,070 Catlin 2,838,139 0.25 585,946 Centrica 3,165,565 0.28 95,779 Close Brothers 1,338,593 0.12

655,852 Cobham 2,345,160 0.21 96,244 Computacenter 657,739 0.06 18,676 Cranswick 256,779 0.02

213,730 Dart 436,118 0.04 39,356 Domino Printing Sciences 371,575 0.03

155,385 Drax 1,370,170 0.12 1,110,173 EnQuest 2,157,444 0.19

29,132 Eros International 109,217 0.01 421,950 Eurasian Natural Resources 1,940,648 0.17 178,369 Ferrexpo 725,616 0.06 176,457 Firstgroup 598,103 0.05

277,820 GKN 1,029,407 0.09 323,212 GlaxoSmithKline 6,987,733 0.61 192,821 Greggs 1,417,678 0.12 99,420 Halfords 535,183 0.05

290,662 Highland Gold Mining 454,238 0.04 7,385 Hill & Smith 47,599 -

129,816 Hiscox 955,287 0.08 213,745 Home Retail 438,571 0.04 482,421 HSBC 5,053,950 0.44 120,224 ICAP 597,719 0.05 214,884 IG 1,565,973 0.14 77,397 Imperial Tobacco 2,974,332 0.26

138,284 Inmarsat 1,308,953 0.11 64,600 Intermediate Capital 330,588 0.03 35,243 Interserve 221,905 0.02

124,819 Kazakhmys 1,572,635 0.14 87,964 Keller 987,914 0.09 55,214 Kentz 346,488 0.03

2,210,750 Legal & General 5,212,770 0.46 1,502,378 Lloyds Banking 1,165,784 0.10

47,587 May Gurney Integrated Services 140,740 0.01 123,415 Micro Focus International 1,163,211 0.10 216,009 Mitie 919,666 0.08 115,364 Mondi 1,250,802 0.11 61,259 Morgan Crucible 266,566 0.02 57,860 N Brown 346,508 0.03 91,945 Paragon 381,334 0.03 74,358 Persimmon 963,353 0.08

147,374 Petropavlovsk 861,580 0.08 186,102 Premier Farnell 586,190 0.05 41,283 Rio Tinto 2,347,640 0.20

229,829 Royal Bank of Scotland 1,207,778 0.11 147,326 Royal Dutch Shell 5,062,818 0.44 104,462 Sage 497,870 0.04 79,012 St Ives 130,195 0.01

579,939 Standard Life 3,119,024 0.27 29,661 Sthree 158,994 0.01

236,370 TalkTalk Telecom 894,196 0.08 1,099,921 Taylor Wimpey 1,172,074 0.10

739,705 Tesco 4,024,995 0.35 94,292 TT electronics 219,890 0.02 43,498 Valiant Petroleum 283,709 0.03 52,791 Vedanta Resources 989,147 0.09

1,618,660 Vodafone 4,048,658 0.35 100,051 WH Smith 1,085,585 0.09 99,349 William Hill 560,061 0.05

787,828 WM Morrison Supermarkets 3,355,480 0.29 United States of America 393,551,539 34.33

17,800 Aaron's 492,170 0.04 46,000 ACE 3,632,620 0.32 82,600 Aetna 3,763,256 0.33 92,000 Aflac 4,807,000 0.42 34,800 Alliance Resource Partners 2,001,696 0.17 36,800 Allied World Assurance 2,863,776 0.25 27,100 Almost Family 543,897 0.05 20,800 American Equity Investment Life 246,896 0.02 91,800 American Financial 3,596,724 0.31

126,500 AmerisourceBergen 5,416,730 0.46 71,200 Amsurg 2,127,456 0.19 45,800 Apache 3,528,890 0.31 24,800 Apollo 507,408 0.04 26,600 Arch Capital 1,153,908 0.10 7,500 Argan 134,025 0.01 2,600 Arlington Asset Investment 52,572 -

37,500 Arrow Electronics 1,407,000 0.12 31,600 Assurant 1,083,880 0.09 76,900 Assured Guaranty 1,068,141 0.09 29,800 Autoliv 1,964,714 0.17 29,000 Automatic Data Processing 1,633,570 0.14 33,100 Avnet 989,028 0.09 88,900 Axis Capital 3,050,159 0.27 31,600 Ballantyne Strong 103,648 0.01

460,100 Bank of America 5,226,736 0.46 38,800 Becton Dickinson & Co. 3,000,792 0.26 41,400 Belo 308,430 0.03 67,600 Best Buy 763,204 0.07 17,200 Big Lots 477,300 0.04 7,900 BMB Munai 158 -

35,500 BMC Software 1,404,380 0.12 27,200 Body Central 258,944 0.02

111,200 Booz Allen Hamilton 1,513,432 0.13 38,300 Bridgepoint Education 388,362 0.03

231,300 Bristol-Myers Squibb 7,378,470 0.64 31,800 C&J Energy Services 658,260 0.06

139,500 CA 3,039,705 0.27 16,900 CACI International 906,347 0.08 27,900 Calamos Asset Management 290,997 0.02 9,900 Capella Education 278,685 0.02

69,900 Capital One Financial 3,991,290 0.35 1,300 Capital Southwest 130,871 0.01

93,800 Capstead Mortgage 1,069,320 0.09 27,200 Cato 719,712 0.06 12,500 CEC Entertainment 402,375 0.04 19,100 CF Industries 3,813,124 0.33 23,700 Chemed 1,588,374 0.14 67,100 Chevron 7,142,795 0.62 5,800 China Automotive Systems 27,956 -

60,100 China Green Agriculture 204,941 0.02 70,700 Cigna 3,736,495 0.33

174,700 Cisco Systems 3,397,915 0.30 133,360 Citigroup 5,202,374 0.45

4,900 Citizens & Northern 91,336 0.01 3,300 City Holding 112,728 0.01

21,600 Cliffs Natural Resources 768,528 0.07 29,600 Cloud Peak Energy 557,960 0.05

111,200 CNO Financial 1,009,696 0.09 24,800 Coinstar 1,250,664 0.11 17,600 Community Health Systems 526,944 0.05 72,600 ConocoPhillips 4,143,282 0.36 35,100 Cooper Tire & Rubber 865,215 0.07 69,500 Corning 866,665 0.08 27,900 Crocs 386,973 0.03 36,000 CSG Systems International 643,680 0.06 29,800 CTC Media 230,950 0.02 68,300 Darling International 1,061,382 0.09 9,800 Deckers Outdoor 371,616 0.03

39,200 Delek US 964,712 0.08 217,800 Dell 2,171,466 0.19 32,700 Delphi Automotive 1,233,444 0.11 41,900 Deluxe 1,338,286 0.12 31,100 DeVry 728,362 0.06 33,500 DIRECTV 1,655,570 0.14 38,100 Discover Financial Services 1,447,419 0.13 46,600 Ebix 735,814 0.06

143,800 Eli Lilly & Co. 6,988,680 0.61 38,300 EnerSys 1,409,440 0.12 44,200 Ensign 1,219,920 0.11 38,600 Express 569,736 0.05 61,400 Exxon Mobil 5,225,140 0.46 18,000 FBL Financial 600,480 0.05

233,900 Fifth Third Bancorp 3,506,161 0.31 26,763 Fonar 115,616 0.01 69,300 Freeport-McMoRan Copper & Gold 2,296,602 0.20 15,800 Fresh Del Monte Produce 409,378 0.04 24,500 GameStop 600,985 0.05 57,800 Gannett 1,017,858 0.09 69,900 General Dynamics 4,744,812 0.41

130,500 Genworth Financial 942,210 0.08 39,700 Goldman Sachs 4,983,144 0.43 12,500 Gordmans Stores 182,750 0.02 78,700 GT Advanced Technologies 231,378 0.02 36,500 Guess? 882,205 0.08

106,300 H&R Block 1,938,912 0.17 39,300 Harris 1,898,583 0.17 27,400 Hartford Financial Services 607,184 0.05 97,700 Hawaiian 631,142 0.05 42,700 HCC Insurance 1,570,079 0.14 26,700 Herbalife 784,713 0.07 88,700 Hewlett-Packard 1,213,416 0.11 44,000 hhgregg 307,120 0.03 75,700 HollyFrontier 3,388,332 0.30 21,900 Homeowners Choice 450,702 0.04 86,800 Horace Mann Educators 1,680,448 0.15 40,500 Hospitality Properties Trust 930,285 0.08 43,300 Humana 2,923,183 0.26

311,700 Huntington Bancshares 1,957,476 0.17 6,400 Hyster-Yale Materials Handling 309,056 0.03

20,600 Ingles Markets 351,642 0.03 45,800 Ingram Micro 757,532 0.07 19,800 Integrated Silicon Solution 174,834 0.02

388,300 Intel 7,859,192 0.69 6,400 International Shipholding 106,240 0.01

41,200 Intersections 383,984 0.03 16,600 ITT Educational Services 289,670 0.03 50,100 j2 Global 1,523,541 0.13

104,300 JPMorgan Chase & Co. 4,509,932 0.39 3,800 Kadant 99,788 0.01

247,200 KeyCorp 2,064,120 0.18 33,600 KLA-Tencor 1,579,872 0.14 26,500 Knightsbridge Tankers 137,800 0.01 38,200 Kohl's 1,615,096 0.14 4,500 KT ADR 75,375 0.01

99,100 Kulicke & Soffa Industries 1,150,551 0.10 19,900 L-3 Communications 1,506,629 0.13 49,900 Laboratory Corp of America 4,285,911 0.37 44,300 Lexmark International 1,019,343 0.09 84,500 Lincoln National 2,131,935 0.19 56,600 Lockheed Martin 5,169,844 0.45 59,800 Lorillard 6,897,930 0.60 39,900 LyondellBasell Industries 2,214,849 0.19 23,800 Magellan Health Services 1,231,650 0.11 34,600 Mantech International 882,646 0.08 70,000 Marathon Petroleum 4,277,700 0.37

180,700 Medtronic 7,363,525 0.64 192,900 Merck & Co. 7,839,456 0.68 97,900 MetLife 3,159,233 0.28 76,000 MetroPCS Communications 745,560 0.07

309,500 Microsoft 8,217,225 0.72 22,600 Miller Industries 341,938 0.03

273,300 Morgan Stanley 5,088,846 0.44 40,900 Murphy Oil 2,391,832 0.21 64,600 Nabors Industries 904,400 0.08 3,200 NACCO Industries 190,848 0.02

700 National Western Life Insurance 109,641 0.01 23,800 Norfolk Southern 1,453,466 0.13 69,900 Northrop Grumman 4,666,524 0.41 34,000 Nu Skin Enterprises 1,201,560 0.10 29,300 Omnicom 1,440,388 0.13 21,600 Oriental Financial 284,040 0.02 12,000 Parker Hannifin 1,006,320 0.09 26,600 Patterson-UTI Energy 481,992 0.04

157,500 PDL BioPharma 1,116,675 0.10 28,500 PetMed Express 309,225 0.03

298,600 Pfizer 7,432,154 0.65 29,750 Phillips 66 1,504,458 0.13 23,900 Photronics 137,903 0.01 36,400 Pitney Bowes 378,924 0.03 81,000 PNC Financial Services 4,654,260 0.41 36,300 Popular 742,335 0.06 58,000 Portland General Electric 1,566,000 0.14 96,300 Power-One 403,497 0.04 26,800 Pozen 133,464 0.01 76,600 Principal Financial 2,150,928 0.19 55,400 Protective Life 1,563,942 0.14 80,900 Prudential Financial 4,244,823 0.37 37,500 QLogic 358,125 0.03 74,100 Quality Systems 1,278,225 0.11 93,800 Quest Diagnostics 5,414,136 0.47 57,800 Questcor Pharmaceuticals 1,556,554 0.14 85,700 Raytheon 4,859,190 0.42 6,300 Reinsurance Group of America 334,152 0.03

30,600 Rent-A-Center 1,031,220 0.09 2,400 Republic Bancorp 50,160 -

191,500 Reynolds American 7,849,585 0.68 4,800 RG Barry 64,368 0.01

18,200 RPX 166,348 0.01 4,300 Safe Bulkers 14,319 -

23,800 Safeway 421,260 0.04 15,800 Scholastic 454,408 0.04 12,600 Schweitzer-Mauduit International 486,864 0.04

130,400 Sciclone Pharmaceuticals 559,416 0.05 95 Seaboard 237,500 0.02

11,800 SeaCube Container Leasing 217,710 0.02 83,700 Seagate Technology 2,506,815 0.22 82,500 Select Medical 765,600 0.07 14,000 Sohu.com 650,580 0.06 29,000 Southern Copper 1,080,830 0.09 11,900 Southside Bancshares 247,401 0.02 32,600 Spectrum Pharmaceuticals 367,728 0.03 43,200 Spirit Airlines 763,776 0.07

44,100 StanCorp Financial 1,595,979 0.14 45,500 Staples 505,505 0.04 18,400 Starwood Property Trust 415,472 0.04 26,400 State Street 1,215,720 0.11 3,100 Strayer Education 171,492 0.01

179,300 Symetra Financial 2,280,696 0.20 22,900 SYNNEX 776,997 0.07 26,400 Tech Data 1,182,456 0.10 14,300 TeleNav 112,970 0.01 10,500 Terra Nitrogen 2,222,325 0.19 19,700 Tessco Technologies 424,338 0.04 46,000 Timken 2,129,800 0.19 2,500 Tompkins Financial 97,775 0.01

19,100 Triple-S Management 351,440 0.03 131,100 TrustCo Bank 684,342 0.06 15,500 TRW Automotive 806,000 0.07 29,300 United Bankshares 704,372 0.06 51,100 United Therapeutics 2,664,354 0.23

103,700 UnitedHealth 5,585,282 0.49 9,100 Universal 448,539 0.04

60,500 Universal Health Services 2,866,490 0.25 13,100 Universal Insurance 56,592 - 16,000 Universal Travel 8,800 - 7,100 Univest Corp of Pennsylvania 117,860 0.01

102,000 Unum 2,096,100 0.18 6,700 US Physical Therapy 179,694 0.02

42,300 USA Mobility 475,029 0.04 25,100 USANA Health Sciences 793,160 0.07 47,600 Vaalco Energy 395,080 0.03 8,700 Valassis Communications 220,284 0.02

42,100 Validus 1,429,716 0.12 46,600 Viacom 2,421,336 0.21 43,800 Vishay Intertechnology 444,570 0.04

165,300 Vonage Holdings 380,190 0.03 110,300 Walgreen 4,030,362 0.35 132,300 Warner Chilcott 'A' 1,546,587 0.13

5,000 WellCare Health Plans 240,050 0.02 35,500 WellPoint 2,126,095 0.19 61,500 Wells Fargo & Co. 2,085,465 0.18 57,700 Western Digital 2,392,242 0.21 38,300 Western Refining 1,043,675 0.09

207,800 Western Union 2,780,364 0.24 5,800 World Acceptance 422,936 0.04

23,200 Xyratex 193,024 0.02 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,116,420,644 97.41



시가 USD

% 순자산

Cayman Islands - - 2,026,000 Chaoda Modern Agriculture * - -

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 - - 주식수 또는 원금


시가 USD

% 순자산

Singapore - - 58,000 Jurong Technologies Industrial * - -

Taiwan - - 406,000 Ya Hsin Industrial * - -

기타 규제시장에서 거래되지 않는 총 기타 양도성증권 - - 주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산

United States of America 3,667,731 0.31 1 SIM Systematic FV USA ** 3,667,731 0.31

총 공정가치 조정액 3,667,731 0.31 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

China 62 - 46 Yellow Media Warrants 20/12/2022 62 -

Malaysia 419 - 3,555 Sunway Warrants 17/08/2016 419 -

총 금융파생상품 481 - 총 투자자산 1,120,088,856 97.72 기타 순자산 26,182,062 2.28 순자산가치 1,146,270,918 100.00

* 증권은 2012.12.31. 현재 공정가치로 평가됩니다. ** 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다.

Schroder ISF QEP Global Emerging Markets * 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Brazil 5,068,238 8.81 22,200 AES Tiete Preference 255,625 0.44 17,900 Arteris 164,697 0.29 2,600 Autometal 26,676 0.05

20,600 Banco do Estado do Rio Grande do Sul Preference 155,956 0.27 7,600 Bematech 21,516 0.04

500 BR Properties 6,224 0.01 3,700 Bradespar Preference 59,292 0.10

10,700 Brasil Brokers Participações 35,515 0.06 6,200 Brasil Insurance Participações 60,526 0.11

19,700 Centrais Eletricas Brasileiras 60,868 0.11 8,900 Cielo 247,577 0.43

9,800 Companhia de Transmissao de Energia Electrica Paulista Preference 157,808 0.27


21,500 Companhia Energetica de Sao Paulo Preference 203,488 0.35 4,800 Companhia Energetica do Ceara Preference 105,433 0.18 4,900 Companhia Hering 100,430 0.17

10,900 Companhia Paranaense de Energia ADR 166,552 0.29 2,000 Companhia Providencia Industria e Comercio 8,737 0.02 2,500 CPFL Energia ADR 52,025 0.09 6,100 CSU Cardsystem 12,476 0.02

22,500 EDP - Energias do Brasil 137,172 0.24

22,000 Eletropaulo Metropolitana Eletricidade de Sao Paulo Preference 180,407 0.31

2,900 Equatorial Energia 26,513 0.05 9,400 Eternit 37,165 0.07 2,100 Eucatex SA Industria e Comercio Preference 8,098 0.01

20,000 Even Construtora e Incorporadora 91,766 0.16 7,700 Ez Tec Empreendimentos e Participações 96,593 0.17 1,100 Fertilizantes Heringer 5,595 0.01 5,000 Forjas Taurus Preference 7,078 0.01

16,000 Grendene 128,784 0.22 14,800 Helbor Empreendimentos 90,662 0.16 23,520 Itausa-Investimentos Itau Preference 111,246 0.19 2,300 M Dias Branco 87,669 0.15

25,000 Marcopolo Preference 157,417 0.27 6,100 MRV Engenharia e Participações 35,670 0.06 2,500 Multiplus 58,232 0.10

10,900 Natura Cosmeticos 311,991 0.54 8,800 Positivo Informatica 21,649 0.04 2,600 Rodobens Negocios Imobiliarios 16,054 0.03

12,000 Santos Brasil Participações 171,035 0.30 2,300 Saraiva SA Livreiros Editores Preference 29,133 0.05 4,000 Sonae Sierra Brasil 62,967 0.11

11,300 Souza Cruz 169,939 0.30 6,200 Sul America 53,566 0.09 4,000 Technos 49,046 0.09 9,000 Telefonica Brasil ADR Preference 216,720 0.38

15,400 Tractebel Energia 250,691 0.44 8,300 Vale ADR 170,316 0.30 5,900 Vale ADR Preference 117,174 0.20

7,500 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao 166,569 0.29

Chile 569,793 0.99 22,722 Administradora de Fondos de Pensiones Provida 154,232 0.27 19,304 AFP Habitat 37,290 0.06

142,004 Aguas Andinas 100,758 0.18 6,887 Coca-Cola Embonor Preference 19,706 0.03 3,400 Enersis ADR 61,812 0.11 2,799 ENTEL Chile 57,870 0.10 3,195 Forus 17,980 0.03

23,289 Inversiones Aguas Metropolitanas 46,930 0.08 30,372 Sigdo Koppers 73,215 0.13

China 716,389 1.24 2,400 3SBio ADR 32,736 0.06

5,000 Changyou.com ADR 133,200 0.23

6,400 China Techfaith Wireless Communication Technology ADR 8,544 0.01

1,300 Ctrip.com International ADR 28,639 0.05 20,400 Giant Interactive ADR 109,752 0.19 5,500 Mindray Medical International ADR 181,555 0.32 2,300 NetEase ADR 97,382 0.17

3,000 New Oriental Education & Technology ADR 57,390 0.10 1,300 SouFun ADR 30,966 0.05 2,300 WuXi PharmaTech Cayman ADR 36,225 0.06

Colombia 554,230 0.96 9,176 Ecopetrol ADR 554,230 0.96

Cyprus 58,165 0.10 3,523 Globaltrans Investment GDR 58,165 0.10

Czech Republic 774,994 1.35 8,835 CEZ 315,594 0.55 1,295 Komercni Banka 272,789 0.48

257 Philip Morris 144,454 0.25 2,480 Telefonica Czech Republic 42,157 0.07

Egypt 407,200 0.71 35,310 Commercial International Bank Egypt 191,760 0.33 1,048 Eastern Tobacco 16,307 0.03 1,531 Egyptian International Pharmaceutical Industrial 9,620 0.02

15,087 Egyptian Kuwaiti 19,311 0.03 10,099 National Societe Generale Bank 55,861 0.10 51,438 Telecom Egypt 114,341 0.20

Hong Kong SAR 8,164,104 14.20 110,000 Agile Property 154,703 0.27 219,000 Agricultural Bank of China 'H' 108,224 0.19 51,500 Anhui Conch Cement 'H' 187,385 0.32 84,000 Anhui Expressway 'H' 47,580 0.08

162,000 Anta Sports Products 143,390 0.25 48,000 Baoye 'H' 33,258 0.06

460,000 Bosideng International 136,510 0.24 211,000 BYD Electronic International 54,721 0.09 334,000 China BlueChemical 'H' 224,093 0.39 96,000 China Citic Bank 'H' 56,978 0.10

177,000 China Coal Energy 'H' 192,293 0.33 88,000 China Communications Services 'H' 50,867 0.09

457,000 China Construction Bank 'H' 366,763 0.64 104,000 China Haidian 10,467 0.02 24,000 China High Speed Transmission Equipment 9,352 0.02 48,000 China Mobile 558,943 0.97 92,000 China National Building Material 'H' 134,611 0.23

109,000 China National Materials 'H' 33,472 0.06 130,000 China Petroleum & Chemical 'H' 147,271 0.26 141,000 China Shanshui Cement 103,153 0.18 68,000 China Shenhua Energy 'H' 297,870 0.52 97,000 China Shineway Pharmaceutical 163,954 0.28

212,000 China Travel International 43,492 0.07 380,000 Chongqing Machinery & Electric 'H' 61,778 0.11 100,000 Chongqing Rural Commercial Bank 'H' 54,707 0.09 216,000 Citic Resources 33,165 0.06 222,000 CNOOC 480,644 0.84 140,000 CP Pokphand 17,161 0.03 196,000 Dongfeng Motor 'H' 302,459 0.53 66,000 Dongyue 43,686 0.08

103,000 Evergrande Real Estate 56,481 0.10 262,000 Global Bio-Chem Technology 29,748 0.05 261,000 Glorious Property 49,167 0.08 27,000 Great Wall Motor 'H' 85,177 0.15 24,000 Great Wall Technology ‘H’ 4,614 0.01

260,000 Guangdong Investment 204,300 0.35 250,000 Guangshen Railway 'H' 99,350 0.17 68,400 Guangzhou R&F Properties 'H' 113,848 0.20 74,000 Haier Electronics 108,274 0.19 14,000 Hainan Meilan International Airport 'H' 9,483 0.02 58,000 Harbin Electric 'H' 49,840 0.09 28,000 Hidili Industry International Development 7,370 0.01

218,000 Industrial & Commercial Bank of China 'H' 154,703 0.27 1,600 Inner Mongolia Yitai Coal 'H' 9,290 0.02

176,000 Jiangsu Expressway 'H' 181,442 0.31 28,000 Jingwei Textile Machinery 'H' 17,522 0.03 24,000 Kingboard Chemical 85,157 0.15

116,000 Kunlun Energy 242,167 0.42 38,500 KWG Property 28,911 0.05 27,000 Lianhua Supermarket 'H' 25,849 0.04

103,000 Maoye International 20,998 0.04 124,000 MMG 51,358 0.09 84,000 New World China Land 40,318 0.07 78,000 Qingling Motors 'H' 18,719 0.03

734,000 Renhe Commercial 76,711 0.13 10,000 Shandong Luoxin Pharmacy Stock 'H' 10,580 0.02 88,000 Shandong Weigao Medical Polymer 'H' 87,542 0.15

160,000 Shanghai Jin Jiang International Hotels ‘H’ 30,553 0.05

82,000 Shenzhen Expressway 'H' 31,635 0.06 392,500 Shenzhen International 41,021 0.07 196,000 Shougang Fushan Resources 72,074 0.13 488,000 Sihuan Pharmaceutical 214,081 0.37 142,000 Skyworth Digital 72,737 0.13 95,000 SOHO China 76,242 0.13 28,000 TCL Multimedia Technology 15,607 0.03 75,000 Tong Ren Tang Technologies 'H' 165,670 0.29 28,000 TPV Technology 7,551 0.01

171,000 Travelsky Technology 'H' 91,343 0.16 72,800 Weichai Power 'H' 323,124 0.56 71,000 Xinhua Winshare Publishing and Media 'H' 37,743 0.07

240,000 Yantai North Andre Juice 'H' 9,600 0.02 92,000 Yanzhou Coal Mining 'H' 152,179 0.26 88,000 Yuexiu Property 27,818 0.05 88,000 Zhejiang Expressway 'H' 69,261 0.12

598,000 Zijin Mining 'H' 235,331 0.41

250,200 Zoomlion Heavy Industry Science and Technology 'H' 368,665 0.64

Hungary 401,441 0.70 726 EGIS Pharmaceuticals 57,754 0.10

1,376 MOL Hungarian Oil and Gas 110,519 0.19 12,420 OTP Bank 233,168 0.41

India 1,277,602 2.22 11,207 Axis Bank GDR 275,020 0.48 8,825 Infosys ADR 368,797 0.64 2,333 State Bank of India GDR 209,153 0.36

10,200 Tata Motors ADR 289,068 0.50 15,600 Wipro ADR 135,564 0.24

Indonesia 2,532,364 4.40 957,500 Adaro Energy 155,429 0.27 909,000 Alam Sutera Realty 55,682 0.10 271,500 Aneka Tambang Persero 35,479 0.06 23,000 Astra Agro Lestari 46,258 0.08

305,000 Bakrie Sumatera Plantations 2,896 0.01 343,000 Bank Bukopin 21,711 0.04 148,500 Bank Negara Indonesia Persero 56,095 0.10 79,500 Bank Rakyat Indonesia Persero 56,409 0.10

152,000 Charoen Pokphand Indonesia 56,641 0.10 244,500 Citra Marga Nusaphala Persada 41,936 0.07 38,500 Indo Tambangraya Megah 163,316 0.28

246,000 Indofood CBP Sukses Makmur 195,896 0.34 120,000 Indofood Sukses Makmur 71,669 0.12 652,500 Kalbe Farma 70,613 0.12 97,500 Medco Energi Internasional 16,225 0.03

1,865,000 Panin Financial 25,704 0.04 305,000 Pembangunan Perumahan Persero 25,845 0.04 641,000 Perusahaan Gas Negara Persero 301,031 0.52

678,000 Perusahaan Perkebunan London Sumatra Indonesia 159,204 0.28

118,000 Ramayana Lestari Sentosa 14,697 0.03 64,500 Selamat Sempurna 16,627 0.03 57,500 Surya Citra Media 13,208 0.02

427,500 Surya Semesta Internusa 47,136 0.08 75,000 Tambang Batubara Bukit Asam Persero 115,620 0.20

570,000 Telekomunikasi Indonesia Persero 526,646 0.92 172,500 Tunas Baru Lampung 8,629 0.02 102,500 United Tractors 206,151 0.36 169,500 Wijaya Karya Persero 25,611 0.04

Kazakhstan 393,948 0.69 21,886 KazMunaiGas Exploration Production GDR 393,948 0.69

Malaysia 1,996,463 3.47 37,800 Alliance Financial 54,389 0.09 71,800 Berjaya Sports Toto 104,483 0.18 4,800 British American Tobacco Malaysia 97,319 0.17

20,100 Cahya Mata Sarawak 21,888 0.04 19,900 Carlsberg Brewery-Malaysia 81,474 0.14 25,100 Coastal Contracts 16,416 0.03 24,000 Dayang Enterprise 18,679 0.03 95,500 DiGi.Com 165,204 0.29 1,400 Dutch Lady Milk 21,261 0.04

64,500 Faber 30,584 0.05 24,100 Genting Malaysia 27,977 0.05 27,100 Globetronics Technology 12,673 0.02 8,300 Guinness Anchor 45,056 0.08

33,600 HAP Seng Consolidated 19,118 0.03 52,600 Hap Seng Plantations 48,506 0.08 22,800 Hartalega 35,415 0.06 37,900 IGB 28,506 0.05

208,800 JCY 42,675 0.07

34,400 KLCC Property 70,870 0.12 14,500 Kossan Rubber Industries 15,932 0.03 64,800 Kulim Malaysia 103,833 0.18 33,800 Kumpulan Fima 20,448 0.04 2,900 LPI Capital 13,789 0.02

64,600 MAA 9,189 0.02 74,000 Mah Sing 50,092 0.09 42,200 Maxis 91,769 0.16 25,900 Media Prima 19,819 0.03 44,800 Mudajaya 38,383 0.07 9,000 NCB 12,979 0.02

13,000 Padiberas Nasional 13,859 0.02 58,700 Padini 35,512 0.06 42,500 Parkson 72,269 0.13 60,100 POS Malaysia 68,394 0.12 5,500 Sarawak Oil Palms 10,360 0.02 8,680 Ta Ann 9,935 0.02

20,000 TDM 21,975 0.04 11,200 TH Plantations 7,288 0.01 71,200 Top Glove 131,084 0.23 8,700 Tradewinds Malaysia 25,434 0.04

32,500 Tradewinds Plantation 43,574 0.08 49,500 UMW 193,273 0.34 78,700 UOA Development 44,780 0.08

Mexico 1,346,219 2.34 120,900 Compartamos 170,447 0.30 64,500 Consorcio ARA 20,809 0.04 36,200 Genomma Lab Internacional 74,504 0.13 32,600 Grupo Aeroportuario del Centro Norte 87,929 0.15 1,200 Grupo Aeroportuario del Sureste ADR 134,028 0.23

11,600 Grupo Herdez 35,369 0.06 87,000 Grupo Mexico 313,434 0.54 18,200 Grupo Simec 81,488 0.14 4,700 Industrias CH 35,298 0.06 4,180 Industrias Penoles 205,416 0.36 4,100 Megacable 10,168 0.02

14,100 Promotora y Operadora de Infraestructura 91,510 0.16 108,600 TV Azteca 70,992 0.12 24,100 Urbi Desarrollos Urbanos 14,827 0.03

Morocco 109,057 0.19 8,541 Maroc Telecom 109,057 0.19

Philippines 459,760 0.80 39,400 EEI 9,704 0.02 20,490 First Philippine 44,967 0.08

285,600 Lopez 43,735 0.08 117,300 Manila Water 91,529 0.16

1,947,000 Megaworld 131,509 0.23 59,800 Nickel Asia 23,477 0.04 27,430 Philippine National Bank 60,866 0.10 19,640 Union Bank Of Philippines 53,973 0.09

Poland 1,802,019 3.13 9,702 Asseco Poland 142,303 0.25

17,466 Bank Millennium 24,968 0.04 429 Budimex 9,713 0.02

1,223 Emperia 22,922 0.04 6,843 Enea 34,814 0.06 4,217 Jastrzebska Spolka Weglowa 126,023 0.22 4,791 KGHM Polska Miedz 294,411 0.51

84,802 PGE 499,448 0.87 7,416 Polski Koncern Naftowy Orlen 118,727 0.21 1,406 Powszechny Zaklad Ubezpieczen 198,720 0.34

89,286 Synthos 156,227 0.27 113,094 Tauron Polska Energia 173,743 0.30

Qatar 313,906 0.55 7,369 Industries Qatar 313,906 0.55

Russia 3,037,812 5.28 44,111 Federal Hydrogenerating ADR 101,764 0.18 2,089 Gazprom OAO ADR 19,762 0.03

37,378 Gazprom OAO ADR (London) 353,596 0.61 4,607 Gazprom Neft OAO ADR 106,790 0.19 5,389 Lukoil OAO ADR 356,482 0.62 3,397 Mail.ru GDR 117,197 0.20 8,665 MMC Norilsk Nickel ADR 159,696 0.28 8,200 Mobile Telesystems ADR 152,848 0.27 1,169 NovaTek OAO GDR 140,046 0.24

36,650 Rosneft OAO GDR 326,552 0.57 7,474 Rostelecom ADR 178,479 0.31

12,825 Severstal OAO GDR 156,080 0.27 41,529 Surgutneftegaz OAO ADR 365,455 0.63

8,546 Tatneft ADR 372,349 0.65 1,475 TMK GDR 22,582 0.04 2,830 Uralkali GDR 108,134 0.19

South Africa 7,003,759 12.18 17,137 ABSA 331,611 0.58 16,764 Advtech 12,264 0.02 41,999 African Bank Investments 159,568 0.28 4,892 African Rainbow Minerals 109,613 0.19 9,081 Allied Electronics Preference 22,448 0.04 4,663 Anglo American 142,819 0.25 2,600 AngloGold Ashanti ADR 79,716 0.14

10,022 Aspen Pharmacare 199,844 0.35 933 Assore 44,849 0.08

4,445 Astral Foods 54,283 0.10 35,295 AVI 249,662 0.43 11,030 Bidvest 280,448 0.49 64,494 Blue Label Telecoms 61,334 0.11 27,537 Business Connexion 17,350 0.03 2,021 Cashbuild 36,723 0.06

23,764 Cipla Medpro South Africa 25,179 0.04 31,094 Coronation Fund Managers 145,506 0.25 2,800 DRDGOLD ADR 21,420 0.04 7,284 Exxaro Resources 145,247 0.25 1,571 Famous Brands 13,157 0.02

65,829 FirstRand 240,785 0.42 81,876 Fountainhead Property 81,439 0.14 17,200 Gold Fields ADR 208,980 0.36 4,177 Group Five 13,849 0.02 2,142 Hudaco Industries 29,065 0.05 4,819 Imperial 113,026 0.20 3,198 JD 16,980 0.03 5,212 JSE 48,121 0.08 4,885 Kumba Iron Ore 327,895 0.57

11,754 Lewis 95,694 0.17 81,405 Life Healthcare 326,573 0.57 9,492 Metair Investments 36,231 0.06 7,065 Mondi 76,825 0.13

10,142 Mpact 23,802 0.04 29,030 MTN 608,331 1.06 2,847 Oceana 23,454 0.04 2,869 Palabora Mining 35,527 0.06 7,183 Raubex 14,281 0.03

18,890 Reunert 167,944 0.29 8,510 Sasol 364,290 0.63 9,164 Spar 142,566 0.25

27,635 Standard Bank 387,631 0.67 30,015 Steinhoff International 97,144 0.17 6,545 Sun International 73,364 0.13

15,727 Super 31,175 0.06 7,191 Sycom Property Fund 23,376 0.04 9,921 Telkom 19,666 0.03 2,901 Tiger Brands 111,331 0.19

17,696 Truworths International 226,900 0.40 39,728 Vodacom 581,257 1.01 4,561 Wilson Bayly Holmes-Ovcon 84,491 0.15

26,109 Woolworths 218,725 0.38 South Korea 8,695,584 15.12

544 AMOREPACIFIC 238,422 0.42 226 Asia Cement 12,818 0.02 766 Asia Pacific Systems 5,228 0.01 922 AtlasBX 28,610 0.05

3,252 Bioland 47,103 0.08 4,540 BS Financial 56,182 0.10

910 Capro 10,664 0.02 5,860 Charm Engineering 10,356 0.02 4,330 Chin Yang Industry 9,134 0.02 7,160 Chinyang 10,505 0.02 2,040 Chong Kun Dang Pharm 70,762 0.12

407 CJ O Shopping 105,692 0.18 1,410 CKD 16,325 0.03

450 Daechang Forging 17,191 0.03 890 Daegu Department Store 12,766 0.02

3,100 Daekyo 18,454 0.03 1,015 Daelim Industrial 82,785 0.14 3,740 Daewon Pharmaceutical 31,801 0.06 1,349 Daewoong Pharmaceutical 60,325 0.10

970 Daishin Securities 9,066 0.02 5,620 Daou Technology 82,982 0.14

550 Daum Communications 46,973 0.08

1,940 DCM 19,006 0.03 6,990 DGB Financial 95,347 0.17

13,910 Digital Power Communications 43,946 0.08 1,060 Dong Ah Tire & Rubber 15,701 0.03 2,980 Dongbu Insurance 128,371 0.22 5,500 Dongkook Industrial 15,752 0.03 2,314 Dongsuh 39,916 0.07 1,190 Dongyang Mechatronics 11,826 0.02

366 Doosan 44,263 0.08 2,156 DRB 13,643 0.02

771 DRB Industrial 5,833 0.01 950 Global & Yuasa Battery 41,992 0.07

1,860 Grand Korea Leisure 49,958 0.09 1,080 Green Cross 15,542 0.03

421 GS Home Shopping 60,189 0.10 72 Gwangju Shinsegae 15,694 0.03

564 Haansoft 11,157 0.02 6,930 Halla Climate Control 153,974 0.27 1,270 Hana Financial 41,314 0.07 1,660 Handsome 45,831 0.08 1,920 Hanil E-Wha 13,140 0.02

258 Hankook Shell Oil 59,621 0.10 2,860 Hansae 44,374 0.08 3,960 Hansae Yes24 25,913 0.05

11,400 Hanshin Machinery 14,375 0.02 2,310 Hanssem 40,172 0.07 2,610 Hanwha General Insurance 14,901 0.03

191 Honam Petrochemical 44,944 0.08 890 Husteel 20,692 0.04

1,680 Hwa Shin 15,829 0.03 290 Hwacheon Machine Tool 11,677 0.02

1,743 Hy-Lok 32,354 0.06 2,210 Hyundai Development 44,856 0.08

988 Hyundai Home Shopping Network 112,075 0.19 2,440 Hyundai Marine & Fire Insurance 76,173 0.13

990 Hyundai Mobis 267,297 0.46 495 Hyundai Motor 101,396 0.18 649 Hyundai Wia 105,258 0.18

2,250 Iljin Display 46,617 0.08 5,680 Industrial Bank of Korea 63,100 0.11 1,371 INTOPS 35,924 0.06 1,790 Inzi Controls 12,183 0.02 3,080 Jahwa Electronics 52,552 0.09 1,740 Kangwon Land 47,713 0.08 7,160 KB Financial 254,401 0.44

127 KCC 35,361 0.06 2,168 KEPCO Engineering & Construction 142,476 0.25 2,497 KEPCO Plant Service & Engineering 142,561 0.25 5,897 Kia Motors 312,353 0.54 2,800 Kishin 16,537 0.03 1,777 KIWOOM Securities 98,123 0.17 1,350 Korea Electric Terminal 36,829 0.06

26,560 Korea Exchange Bank 189,736 0.33 9,014 Korea Info & Comm 28,563 0.05 1,910 Korea Kolmar 27,128 0.05 6,700 Korea Life Insurance 48,742 0.08 4,300 Korea Refractories 12,557 0.02 4,680 Korea United Pharm 38,785 0.07

502 Korea Zinc 190,601 0.33 4,490 Korean Reinsurance 48,407 0.08 1,610 KSS Line 12,905 0.02 6,003 KT&G 454,722 0.79

620 Kunsul Chemical Industrial 11,421 0.02 10,790 Kwang Dong Pharmaceutical 61,098 0.11 3,707 Kyungdong Pharm 45,179 0.08 3,950 Kyungnam Energy 14,960 0.03

426 LG International 19,310 0.03 1,230 LIG Insurance 29,808 0.05

239 Lotte Shopping 84,471 0.15 612 MegaStudy 45,096 0.08

8,160 Meritz Finance 30,179 0.05 9,370 Meritz Fire & Marine Insurance 124,297 0.22 1,258 Muhak 16,039 0.03 1,916 Neowiz 26,135 0.05 2,710 Neowiz Games 63,515 0.11

491 NICE 29,276 0.05 811 OCI Materials 29,082 0.05 182 Ottogi 37,281 0.06 991 Partron 18,163 0.03

126 POSCO Chemtech 15,651 0.03 2,190 Pyeong Hwa Automotive 32,336 0.06 3,410 S&T Dynamics 38,042 0.07 2,718 S1 178,112 0.31 2,460 Saeron Automotive 13,053 0.02 1,340 Samsung Card 45,853 0.08

609 Samsung Electronics 868,956 1.51 1,754 Samsung Engineering 272,141 0.47

540 Samyang Tongsang 10,834 0.02 2,131 SBS Contents Hub 26,071 0.05 1,330 Seah Besteel 35,723 0.06

227 SeAH Steel 19,727 0.03 1,940 Sejong Industrial 21,552 0.04 4,640 Seondo Electric 11,158 0.02 1,380 Sewon Precision Industry 22,317 0.04 1,134 SFA Engineering 50,179 0.09 2,870 Shin Poong Pharmaceutical 14,233 0.02 2,600 Shinhan Financial ADR 93,106 0.16

329 Shinsegae Food 31,152 0.05 966 Simm Tech 9,328 0.02

4,660 Simpac 33,289 0.06 1,274 Sindoh 75,245 0.13

620 SK 104,042 0.18 359 SK Gas 29,617 0.05 715 SK Innovation 116,633 0.20

6,200 SK Telecom ADR 97,340 0.17 11,130 Soosan Heavy Industries 17,686 0.03 1,355 Sungwoo Hitech 14,862 0.03 4,710 Tae Kyung Chemical 19,031 0.03

40 Taekwang Industrial 35,437 0.06 1,490 Visang Education 19,556 0.03 5,480 Whanin Pharmaceutical 43,565 0.08 4,292 Woojeon & Handan 27,522 0.05

15,930 Woori Finance 176,223 0.31 4,210 Yoosung Enterprise 12,709 0.02

787 Youngone 44,047 0.08 2,800 Youngone 86,624 0.15

Taiwan 6,567,964 11.42 44,000 Ability Enterprise 41,188 0.07 32,000 AcBel Polytech 22,631 0.04 62,000 Accton Technology 34,460 0.06 11,000 ACES Electronic 13,799 0.02 1,000 Acter 4,302 0.01 6,300 Actron Technology 14,440 0.03

24,000 Advantech 101,180 0.18 5,000 Airtac International 28,909 0.05

16,000 Alcor Micro 18,667 0.03 27,000 ALI 30,943 0.05 18,000 Alpha Networks 12,049 0.02 39,000 AMPOC Far-East 35,568 0.06 58,000 AmTRAN Technology 45,111 0.08 28,000 Anpec Electronics 17,393 0.03 16,000 APCB 10,572 0.02 17,000 Apex Biotechnology 43,879 0.08 25,000 Apex Medical 28,392 0.05 29,000 Arcadyan Technology 30,290 0.05 21,000 Ares International 11,889 0.02 3,000 Asia Plastic Recycling 8,673 0.02 8,000 ASROCK 27,532 0.05

11,000 Asustek Computer 123,602 0.21 8,000 Aten International 12,623 0.02 9,000 Aurora 13,350 0.02

19,000 Aurora Systems 18,603 0.03 8,000 AV Tech/Taiwan 24,366 0.04

36,883 Boardtek Electronics 28,433 0.05 15,000 C Sun Manufacturing 9,447 0.02 7,000 Capella Microsystems 51,313 0.09

24,000 Career Technology 32,254 0.06 116,000 Cathay Real Estate Development 56,090 0.10

2,000 Chailease 4,584 0.01 50 Chang Hwa Commercial Bank 27 -

8,000 CHC Resources 13,381 0.02 44,205 Chicony Electronics 102,081 0.18 24,000 Chien Kuo Construction 11,646 0.02 77,000 China Bills Finance 29,680 0.05 13,000 China Ecotek 29,573 0.05 10,500 China Petrochemical Development 6,504 0.01 27,000 China Steel Chemical 120,797 0.21

323,136 Chinatrust Financial 190,721 0.33

52,000 Chin-Poon Industrial 56,014 0.10 61,000 Chipbond Technology 119,871 0.21 23,000 Chung Hsin Electric & Machinery Manufacturing 12,309 0.02 9,000 Cyberlink 29,549 0.05 5,000 Dah Fung CATV 10,290 0.02

14,000 Draytek 8,456 0.02 15,000 Dynapack International Technology 59,108 0.10 25,120 Eclat Textile 92,070 0.16 7,000 E-LIFE MAL 16,189 0.03

48,000 Elite Material 47,493 0.08 47,000 Farglory Land Development 84,272 0.15 44,360 Feng TAY Enterprise 53,280 0.09 12,099 Flytech Technology 28,398 0.05 20,000 Formosa Advanced Technologies 11,804 0.02 36,000 Formosa Taffeta 34,690 0.06 13,000 FSP Technology 12,035 0.02

93 Fubon Financial 112 - 5,149 GeoVision 21,176 0.04

33,000 GigaByte Technology 29,528 0.05 72,000 Grand Pacific Petrochemical 37,912 0.07 23,000 Grape King Industrial 63,086 0.11 21,000 Great China Metal Industry 24,247 0.04 19,000 Greatek Electronics 15,889 0.03 45,000 Hannstar Board 20,365 0.04 15,000 Highwealth Construction 28,186 0.05 4,300 Himax Technologies ADR 10,191 0.02

20,000 Hitron Technology 10,565 0.02 18,000 Holiday Entertainment 25,708 0.04 12,000 Holtek Semiconductor 12,183 0.02 11,000 HTC 113,759 0.20 8,159 Hu Lane Associate 13,282 0.02

115,500 Hua Nan Financial 66,779 0.12 31,200 ICP Electronics 42,574 0.07 4,000 Insyde Software 11,068 0.02 4,000 International Games System 15,487 0.03 8,000 I-Sheng Electric Wire & Cable 11,123 0.02

35,600 ITEQ 36,327 0.06 21,000 KEE TAI Properties 14,527 0.03 7,000 King Slide Works 44,327 0.08

20,000 Kinik 28,255 0.05 15,000 Kung Long Batteries Industrial 29,528 0.05 49,000 Kwong Fong Industries 29,258 0.05 10,000 L&K Engineering 9,292 0.02 65,324 LITE-ON IT 56,091 0.10

105,235 Lite-On Technology 139,616 0.24 13,000 Lotes 40,131 0.07 24,600 Lumax International 51,982 0.09 9,000 Macroblock 33,606 0.06

15,000 Makalot Industrial 46,667 0.08 28,000 Merida Industry 125,271 0.22 9,900 Microlife 19,966 0.04

28,000 Micro-Star International 13,443 0.02 18,000 MIN AIK Technology 54,823 0.10 12,000 Nan Ya Printed Circuit Board 14,826 0.03 22,050 Nantex Industry 14,229 0.02 14,000 Netronix 19,417 0.03 8,000 Novatek Microelectronics 32,350 0.06 8,800 Pacific Hospital Supply 25,076 0.04

12,000 Phihong Technology 10,221 0.02 7,000 Phison Electronics 46,374 0.08

25,000 Portwell 24,349 0.04 117,000 Pou Chen 122,810 0.21 79,000 Powertech Technology 127,647 0.22 60,200 Primax Electronics 53,141 0.09 11,000 Prime Oil Chemical Service 9,142 0.02 37,000 Promate Electronic 30,752 0.05 34,720 Radiant Opto-Electronics 142,790 0.25 14,140 Realtek Semiconductor 29,830 0.05 36,540 Rechi Precision 31,690 0.06 8,000 Run Long Construction 9,237 0.02

28,000 San Shing Fastech 41,050 0.07 14,000 SCI Pharmtech 34,690 0.06 10,000 Sercomm 14,558 0.03 9,000 ShenMao Technology 9,974 0.02

19,000 Shinkong Insurance 13,012 0.02 48,000 Sigurd Microelectronics 42,785 0.07 19,000 Simplo Technology 95,468 0.17 18,000 Sinbon Electronics 16,416 0.03 34,000 Sinon 16,499 0.03

88,717 SinoPac Financial 38,012 0.07 8,000 Sirtec International 10,049 0.02

23,000 Sitronix Technology 30,672 0.05 8,000 Sonix Technology 10,724 0.02 8,160 Sporton International 18,478 0.03

11,000 St Shine Optical 167,326 0.29 13,000 Stark Technology 11,386 0.02 30,000 Syncmold Enterprise 52,139 0.09 6,000 TaiDoc Technology 9,375 0.02

17,000 Taiwan Hon Chuan Enterprise 37,210 0.06 20,450 Taiwan Line Tek Electronic 21,254 0.04 16,000 Taiwan PCB Techvest 23,457 0.04 24,000 Taiwan Secom 53,522 0.09 11,500 Taiwan Semiconductor Manufacturing ADR 196,995 0.34 45,000 Taiwan Sogo Shin Kong SEC 54,204 0.09 19,260 Taiwan Surface Mounting Technology 29,231 0.05 93,000 Teco Electric and Machinery 71,214 0.12 37,480 Test Research 70,169 0.12 23,000 Thinking Electronic Industrial 22,599 0.04 17,000 Tong-Tai Machine & Tool 12,871 0.02 19,000 Topco Scientific 31,321 0.05 13,367 TPK 235,994 0.41 23,000 Transcend Information 63,957 0.11 47,000 Tripod Technology 100,771 0.18 7,000 Tsann Kuen Enterprise 13,997 0.02 8,000 TTY Biopharm 30,836 0.05

25,000 TXC 41,126 0.07 18,867 TZE Shin International 9,837 0.02 17,000 United Integrated Services 14,275 0.02 52,900 USI 42,328 0.07 51,000 Vanguard International Semiconductor 35,367 0.06 14,314 Vivotek 44,336 0.08 8,000 Wah Hong Industrial 11,866 0.02

10,000 Ways Technical 28,324 0.05 15,000 Weikeng Industrial 10,841 0.02 11,000 Well Shin Technology 15,427 0.03 96,600 Wistron 100,067 0.17 36,000 Yem Chio 23,292 0.04 18,000 Yonyu Plastics 13,288 0.02 14,000 Yufo Electronics 9,805 0.02 6,000 Yulon Nissan Motor 46,460 0.08

21,000 Yung Chi Paint & Varnish Manufacturing 42,062 0.07 14,000 Yungshin Construction & Development 25,006 0.04 37,000 Yungtay Engineering 68,125 0.12 10,000 Zeng Hsing Industrial 34,415 0.06 20,000 Zenitron 12,114 0.02 14,000 Zippy Technology 10,407 0.02

Thailand 1,769,935 3.08 38,100 Advanced Info Service (Foreign) 260,311 0.45

107,600 Asia Plus Securities (Foreign) 8,934 0.01 52,700 Bangchak Petroleum (Foreign) 54,698 0.09 4,500 Bangkok Bank (NVDR) 28,759 0.05

215,700 Bangkok Chain Hospital (Foreign) 63,814 0.11 7,900 Banpu (Foreign) 106,401 0.19

74,000 BEC World (Foreign) 171,755 0.30 10,000 BEC World (NVDR) 23,210 0.04

142,700 Country Group Securities 4,665 0.01 54,500 Delta Electronics Thailand (Foreign) 57,012 0.10 20,500 Delta Electronics Thailand NVDR 21,445 0.04 45,300 Hana Microelectronics (Foreign) 33,764 0.06 89,100 KGI Securities Thailand (Foreign) 6,816 0.01 60,500 Khon Kaen Sugar Industry 27,095 0.05

316,400 Land and Houses (NVDR) 100,847 0.17 35,400 Lanna Resources (Foreign) 26,732 0.05 34,800 MCOT (Foreign) 53,468 0.09 22,800 MCOT (NVDR) 35,031 0.06

155,000 MK Real Estate (NVDR) 17,431 0.03 135,500 Premier Marketing (Foreign) 32,557 0.06

7,800 PTT (Foreign) 84,655 0.15 43,200 PTT Exploration & Production (Foreign) 231,605 0.40 19,200 PTT Exploration & Production (NVDR) 102,936 0.18

126,100 Samart (Foreign) 52,765 0.09 30,800 Samart (NVDR) 12,888 0.02

413,500 Sansiri (Foreign) 47,582 0.08 91,800 Siam Steel International (Foreign) 9,303 0.02 95,400 Supalai (NVDR) 55,200 0.10

127,200 Thai Tap Water Supply (Foreign) 38,256 0.07 Turkey 2,234,074 3.89

43,211 Adana Cimento Sanayii 17,911 0.03 13,977 Aksa Akrilik Kimya Sanayii 40,241 0.07 22,122 Alarko 64,186 0.11 14,019 Anadolu Cam Sanayii 21,987 0.04

1,035 Bagfas Bandirma Gubre Fabrik 31,596 0.06 2,079 Cimsa Cimento Sanayi VE Tica 10,644 0.02 3,407 Componenta Ticaret ve Sanayi 10,763 0.02 3,942 Dogus Otomotiv Servis ve Ticaret 19,077 0.03

14,166 EGE Seramik Sanayi ve Ticaret 16,425 0.03 33,943 Eregli Demir ve Celik Fabrikalari 46,581 0.08 9,695 Ford Otomotiv Sanayi 117,298 0.20 6,666 Gubre Fabrikalari 53,020 0.09

23,214 Ipek Dogal Enerji Kaynaklari Ve Uretim 78,277 0.14 46,681 Is Gayrimenkul Yatirim Ortakligi 39,483 0.07 57,053 Kardemir Karabuk Demir Celik Sanayi ve Ticaret 40,586 0.07

5,506 Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret 11,997 0.02

10,389 Koza Altin Isletmeleri 250,807 0.44 38,033 Koza Anadolu Metal Madencilik Isletmeleri 118,447 0.21 6,304 Mardin Cimento Sanayii ve Ticaret 18,926 0.03

11,397 Park Elektrik Uretim Madencilik Sanayi ve Ticaret 39,324 0.07 2,299 Pinar SUT Mamulleri Sanayii 20,926 0.04

11,225 Selcuk Ecza Deposu Ticaret ve Sanayi 13,078 0.02 24,343 Soda Sanayii 32,861 0.06 5,559 TAV Havalimanlari 28,335 0.05

24,387 Tekfen 98,898 0.17 48,283 Tekstil Bankasi 24,340 0.04 3,636 Tofas Turk Otomobil Fabrikasi 21,283 0.04

14,352 Torunlar Gayrimenkul Yatirim Ortakligi 25,644 0.05 35,109 Trakya Cam Sanayi 48,377 0.08 2,010 Tupras Turkiye Petrol Rafinerileri 56,575 0.10

18,523 Turk Hava Yollari 64,949 0.11 86,211 Turk Telekomunikasyon 335,128 0.58 4,849 Turk Traktor ve Ziraat Makineleri 148,705 0.26

66,444 Turkiye Sinai Kalkinma Bankasi 85,600 0.15 72,955 Turkiye Sise ve Cam Fabrikalari 120,958 0.21 17,579 Vestel Elektronik Sanayi ve Ticaret 18,708 0.03 4,716 Yazicilar 42,133 0.07

United Kingdom 458,972 0.80 10,410 iShares MSCI Brazil Index Fund 458,972 0.80

United States of America 313,247 0.55 1,500 China Yuchai International 23,355 0.04

200 Credicorp 29,310 0.05 1,748 iShares MSCI Brazil Index Fund 96,594 0.17 4,400 Southern Copper 163,988 0.29

공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 57,027,239 99.17 총 투자자산 57,027,239 99.17 기타 순자산 474,549 0.83 순자산가치 57,501,788 100.00 * 해당 연도 동안 발생한 검토 중인 제반 법인조치에 관한 자세한 내용은 이사보고서를 참고하시기 바랍니다.

슈로더 QEP 글로벌 퀄리티 펀드 (QEP Global Quality) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 27,205,639 2.29 237,148 ALS 2,657,294 0.22 81,477 BHP Billiton 3,136,212 0.26 93,937 Breville 648,119 0.06

136,466 Cardno 986,856 0.08 157,017 carsales.com 1,195,747 0.10 12,046 Fleetwood 122,355 0.01 62,492 Flight Centre 1,750,591 0.15

205,839 Iluka Resources 1,926,330 0.16 64,028 Iress 547,386 0.05

155,244 Mineral Resources 1,563,978 0.13 90,314 Monadelphous 2,288,217 0.19

431,529 Mount Gibson Iron 373,846 0.03 34,503 Navitas 168,249 0.02

227,739 NRW 444,213 0.04 44,497 Platinum Asset Management 183,281 0.02 1,674 Reece Australia 38,905 0.00

368,885 Resolute Mining 627,670 0.05 228,565 Seek 1,659,985 0.14

171 Shopping Centres Australasia Property 266 0.00 389,630 St Barbara 584,140 0.05

1,047,699 Telstra 4,750,228 0.40 277,627 TPG Telecom 746,033 0.06

855 Woolworths 26,018 0.00 142,604 Wotif.com 779,720 0.07

Austria 2,082,621 0.18 6,860 Lenzing 618,382 0.05

35,517 Oesterreichische Post 1,464,239 0.13 Belgium 1,093,373 0.09

1,685 Barco 121,344 0.01 15,686 Colruyt 777,257 0.06 7,602 Mobistar 194,772 0.02

Brazil 9,640,790 0.81 205,800 AES Tiete Preference 2,369,709 0.20 26,200 Arterris 241,065 0.02 18,144 Cielo 504,723 0.04


104,600 Companhia Energetica de Minas Gerais ADR Preference 1,129,680 0.09

3,000 Companhia Energetica do Ceara Preference 65,895 0.01 26,400 CPFL Energia 275,765 0.02 31,200 Natura Cosmeticos 893,039 0.08 7,700 Santos Brasil Participações 109,748 0.01

192,600 Tractebel Energia 3,135,261 0.26

9,700 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao 215,429 0.02

Canada 30,661,792 2.59 43,300 Agrium 4,254,111 0.36 24,000 Alacer Gold 118,596 0.01 13,700 Baytex Energy 583,005 0.05 35,200 Canadian National Railway 3,180,427 0.27

146,200 Canadian Oil Sands 2,917,686 0.25 3,800 Constellation Software 455,473 0.04

36,900 Genworth MI Canada 844,625 0.07 182,300 IAMGOLD 2,010,399 0.17 14,700 MacDonald Dettwiler & Associates 814,542 0.07 56,700 Major Drilling 549,546 0.05

209,400 Nevsun Resources 868,600 0.07 89,900 Pacific Rubiales Energy 2,108,336 0.18 35,500 Pan American Silver 644,644 0.05 57,100 Pason Systems 960,030 0.08 46,800 Petrominerales 386,847 0.03 34,500 Power Corp of Canada 870,426 0.07 62,300 Power Financial 1,690,075 0.14 41,900 Saputo 2,113,832 0.18

105,000 Suncor Energy 3,397,881 0.29 60,100 TransGlobe Energy 563,786 0.05 16,000 Vermilion Energy 825,029 0.07 12,400 Wajax 503,896 0.04

Chile 822,821 0.07 612,830 Aguas Andinas 434,830 0.04 18,766 ENTEL Chile 387,991 0.03

China 697,248 0.06 129,600 Giant Interactive ADR 697,248 0.06


Czech Republic 4,342,604 0.37 107,456 CEZ 3,838,420 0.33

897 Philip Morris 504,184 0.04 Finland 8,463,741 0.71

109,047 Elisa 2,410,631 0.20 10,313 Nokian Renkaat 410,178 0.03

153,225 Orion 4,490,682 0.38 58,564 Tieto 1,152,250 0.10

France 19,748,993 1.67 3,577 Alten 123,598 0.01 2,645 April 52,600 -

11,075 BioMerieux 1,053,652 0.09 90,927 BNP Paribas 5,116,473 0.43


48,823 CNP Assurances 748,671 0.06 61,878 Mercialys 1,402,237 0.12 80,582 Metropole Television 1,258,036 0.11 20,904 Neopost 1,104,868 0.09 4,331 SEB 318,818 0.03

24,860 Société BIC 2,966,922 0.25 213 Total Gabon 96,959 0.01

Germany 13,221,626 1.11 29,394 Axel Springer 1,253,951 0.10 68,049 BASF 6,397,610 0.54 3,500 Fielmann 337,607 0.03

13,543 Fuchs Petrolub Preference 1,005,530 0.08 14,999 Gerry Weber International 723,595 0.06 19,379 Hannover Rueckversicherung 1,509,767 0.13

568 KWS Saat 182,004 0.02 34,180 NORMA 948,446 0.08 3,548 SMA Solar Technology 89,122 0.01

18,245 Software 773,994 0.06 Hong Kong SAR 52,742,711 4.45

174,000 Agile Property 244,712 0.02 942,000 Anta Sports Products 833,784 0.07 258,500 Biostime International 807,151 0.07

3,164,000 Bosideng International 938,951 0.08 1,564,000 China BlueChemical 'H' 1,049,346 0.09 3,040,000 China Construction Bank 'H' 2,439,735 0.20

130,000 China Lilang 76,990 0.01 397,000 China Medical System 307,341 0.02 373,500 China Mobile 4,349,271 0.37 356,500 China Shenhua Energy 'H' 1,561,629 0.13 138,000 China Shineway Pharmaceutical 233,254 0.02 822,000 Chongqing Rural Commercial Bank 'H' 449,693 0.04

1,941,000 CNOOC 4,202,388 0.35 35,200 Dah Sing Financial 158,733 0.01

1,452,000 Dongfeng Motor 'H' 2,240,663 0.19 874,000 Dongyue 578,505 0.05

1,492,000 Emperor International 411,966 0.03 2,438,000 First Pacific/Hong Kong 2,676,960 0.22

788,000 Giordano International 757,463 0.06 432,000 Great Wall Motor 'H' 1,362,829 0.11

1,462,000 Guangdong Investment 1,148,797 0.10 142,000 Guangzhou R&F Properties 'H' 236,351 0.02 83,000 Haitian International 99,060 0.01

518,400 HSBC 5,437,938 0.46 599,000 Huabao International 296,781 0.03

1,868,000 K Wah International 899,010 0.08 227,000 Luk Fook 714,652 0.06 772,400 MGM China 1,397,233 0.12 590,000 Minth 678,279 0.06

1,548,000 NagaCorp 938,745 0.08 146,000 Pacific Textile 131,112 0.01

1,104,000 Shenguan 596,845 0.05 533,000 Shenzhou International 1,203,494 0.10

2,954,000 Shougang Fushan Resources 1,086,261 0.09 1,059,000 SJM 2,459,502 0.21

886,000 SmarTone Telecommunications 1,609,589 0.14 44,000 Sun Hung Kai Properties 659,686 0.06

241,000 Television Broadcasts 1,800,422 0.15 425,000 Tibet 5100 Water Resources 137,639 0.01 73,100 VTech 819,155 0.07

157,200 Weichai Power 'H' 697,734 0.06 171,000 Wharf 1,337,049 0.11 86,000 Wheelock & Co. 432,755 0.04

224,000 Wynn Macau 605,495 0.05 1,094,500 XTEP International 470,261 0.04

1,165,000 Zijin Mining 'H' 458,463 0.04

481,200 Zoomlion Heavy Industry Science and Technology 'H' 709,039 0.06

Hungary 1,315,166 0.11 70,054 OTP Bank 1,315,166 0.11

Indonesia 11,270,957 0.95 1,279,500 Adaro Energy 207,698 0.02

77,000 Astra Agro Lestari 154,865 0.01 470,500 Indo Tambangraya Megah 1,995,842 0.17

4,582,500 Perusahaan Gas Negara Persero 2,152,067 0.18


491,000 Tambang Batubara Bukit Asam Persero 756,927 0.06 5,009,000 Telekomunikasi Indonesia Persero 4,628,019 0.39

Ireland 551,617 0.05 6,717 Paddy Power 551,617 0.05

Israel 5,506,893 0.46 431,087 Israel Chemicals 5,302,393 0.44 11,841 Osem Investment 204,500 0.02

Italy 9,491,468 0.80 19,284 Autostrada Torino-Milano 199,007 0.02 50,013 Azimut 717,024 0.06 17,689 De'Longhi 255,239 0.02 80,169 DiaSorin 3,207,624 0.27

235,515 Recordati 2,150,393 0.18 190,369 Societa Iniziative Autostradali e Servizi 1,778,430 0.15

9,366 Tod's 1,183,751 0.10 Japan 78,894,255 6.65

21,700 ABC-Mart 945,389 0.08 54,600 Aeon Delight 1,065,844 0.09 24,300 Aeon Mall 594,987 0.05 12,500 AIN Pharmaciez 681,989 0.06 32,300 Arcs 659,679 0.06 37,900 Arnest One 619,679 0.05 43,300 Canon 1,673,478 0.14 40,000 Canon Electronics 873,872 0.07 28,100 Cocokara fine 876,296 0.07 14,500 Cosmos Pharmaceutical 1,439,597 0.12

358 CyberAgent 733,233 0.06 133,000 Daihatsu Motor 2,633,221 0.22 28,200 Daiichikosho 655,564 0.06

132,000 Daiwa House Industry 2,259,060 0.19 47,300 Dena 1,555,503 0.13

475 Dr Ci:Labo 1,481,833 0.12 61,000 FamilyMart 2,509,315 0.21 20,600 FCC 425,730 0.04 70,500 Gree 1,091,518 0.09 17,600 HIS 597,528 0.05 16,000 Hisamitsu Pharmaceutical 794,261 0.07 9,700 Hoshizaki Electric 257,148 0.02

18,400 Hoya 360,037 0.03 548 Inpex 2,901,065 0.25

120,500 Japan Tobacco 3,402,222 0.29 22,000 Kagoshima Bank 137,977 0.01

168,000 Kaken Pharmaceutical 2,470,817 0.21 4,700 Kobayashi Pharmaceutical 222,981 0.02

71,000 Koito Manufacturing 1,025,318 0.09 93,100 Kurita Water Industries 2,038,246 0.17 19,000 KYORIN 368,480 0.03 26,400 Lawson 1,793,196 0.15 80,000 Maeda Road Construction 1,218,237 0.10 58,600 Miraca 2,356,341 0.20

126,000 Mochida Pharmaceutical 1,544,018 0.13 64,400 Moshi Moshi Hotline 818,972 0.07 74,600 Namco Bandai 964,224 0.08 85,700 NET One Systems 842,918 0.07 24,550 Nitori 1,798,212 0.15 1,878 NTT DOCOMO 2,694,654 0.23

52 Nuflare Technology 315,297 0.03 3,760 Obic 750,521 0.06

20,500 Oracle 851,597 0.07 211,200 Otsuka 5,948,401 0.50 14,200 Point 518,410 0.04 16,600 Ryohin Keikaku 926,811 0.08 14,000 San-In Godo Bank 98,172 0.01 5,400 Santen Pharmaceutical 207,140 0.02 7,800 Sawai Pharmaceutical 784,332 0.07

105,800 Sega Sammy 1,781,289 0.15 18,900 Shimamura 1,832,701 0.15

116,700 Sony Financial 2,079,588 0.18 55,200 Stanley Electric 779,264 0.07

56,400 Start Today 523,407 0.04 48,400 Sundrug 1,651,604 0.14 37,900 Trend Micro 1,137,175 0.10 28,700 TS Tech 512,429 0.04 18,700 Tsuruha 1,473,583 0.12 45,700 Unipres 998,399 0.08 36,000 United Arrows 825,226 0.07 21,700 Universal Entertainment 372,882 0.03 15,940 USS 1,658,188 0.14 4,607 Yahoo! Japan 1,485,200 0.13

Kazakhstan 1,990,170 0.17 110,565 KazMunaiGas Exploration Production GDR 1,990,170 0.17

Malaysia 2,179,422 0.18 117,000 Berjaya Sports Toto 170,258 0.01 15,300 British American Tobacco Malaysia 310,203 0.03

285,400 DiGi.Com 493,710 0.04 218,800 Maxis 475,808 0.04

4,900 Nestlé Malaysia 100,692 0.01 98,500 Petronas Gas 628,751 0.05

Mexico 6,130,175 0.52 40,000 Grupo Herdez 121,963 0.01

1,422,160 Grupo Mexico 5,123,609 0.43 30,700 Industrias CH 230,566 0.02

262,900 Kimberly-Clark de Mexico 654,037 0.06 Netherlands 8,488,391 0.72

247,314 Royal Dutch Shell 8,488,391 0.72 Norway 19,579,950 1.65

580,396 DNO International 971,923 0.08 54,090 Fred Olsen Energy 2,351,244 0.20 5,047 Kongsberg Gruppen 112,961 0.01

51,281 ProSafe 436,240 0.04 358,039 Statoil 8,946,840 0.75 62,501 TGS Nopec Geophysical 2,039,333 0.17 95,921 Yara International 4,721,409 0.40

Philippines 956,266 0.08 144,800 Aboitiz Power 130,465 0.01 194,430 DMCI 255,779 0.02 125,700 Manila Water 98,083 0.01

4,266,000 Megaworld 288,145 0.02 66,880 Union Bank Of Philippines 183,794 0.02

Poland 11,437,456 0.96 72,544 Jastrzebska Spolka Weglowa 2,167,944 0.18 63,865 KGHM Polska Miedz 3,924,561 0.33

570,257 PGE 3,358,576 0.28 991,536 Synthos 1,734,923 0.15 163,677 Tauron Polska Energia 251,452 0.02

Russia 4,179,121 0.35 18,931 Mail.ru GDR 653,120 0.05 33,774 Lukoil OAO ADR 2,234,150 0.19 29,650 Tatneft OAO ADR 1,291,851 0.11

Singapore 6,429,284 0.54 222,000 ComfortDelGro 323,623 0.03 13,500 Dairy Farm International 147,150 0.01

471,000 First Resources 779,182 0.07 110,000 Ho Bee Investment 172,515 0.01 204,000 M1 452,758 0.04 623,000 Singapore Post 586,749 0.05 612,000 StarHub 1,899,578 0.16

2,630,000 Yangzijiang Shipbuilding 2,067,729 0.17 South Africa 18,586,769 1.57

53,788 African Rainbow Minerals 1,205,204 0.10 63,637 AVI 450,141 0.04 51,208 Bidvest 1,302,012 0.11

113,926 Coronation Fund Managers 533,121 0.04 224,350 FirstRand 820,612 0.07 70,307 Gold Fields 860,670 0.07 16,964 Kumba Iron Ore 1,138,673 0.10 54,065 Lewis 440,165 0.04

188,522 MTN 3,950,527 0.33 4,497 Palabora Mining 55,687 0.00

60,631 Reunert 539,049 0.05 118,491 Sanlam 625,925 0.05 54,655 Sasol 2,339,630 0.20 19,312 Spar 300,440 0.03

229,141 Vodacom 3,352,544 0.28 80,260 Woolworths 672,369 0.06

South Korea 24,838,226 2.09 5,302 AMOREPACIFIC 2,323,738 0.20

26,020 Dongbu Insurance 1,120,879 0.09 78,280 Halla Climate Control 1,739,262 0.15

5,957 Hyundai Home Shopping Network 675,739 0.06 1,581 Hyundai Mobis 426,865 0.04

24,030 Kangwon Land 658,939 0.05 75,394 Kia Motors 3,993,476 0.34

193,800 Korea Exchange Bank 1,384,441 0.12 6,547 Korea Zinc 2,485,783 0.21

57,235 KT&G 4,335,497 0.36 93,720 Meritz Fire & Marine Insurance 1,243,239 0.10 3,119 Samsung Electronics 4,450,368 0.37

Spain 15,957,736 1.35 1,771 Construcciones y Auxiliar de Ferrocarriles 816,705 0.07

20,410 Duro Felguera 129,721 0.01 219,702 Enagas 4,685,530 0.40

6,261 Grupo Catalana Occidente 113,920 0.01 1 Prosegur Cia de Seguridad 6 0.00

96,310 Red Electrica 4,746,805 0.40 41,739 Tecnicas Reunidas 1,935,016 0.16 62,404 Viscofan 3,530,033 0.30

Sweden 7,862,014 0.66 18,922 Atlas Copco 519,207 0.04 14,282 Axfood 538,490 0.05 27,859 Betsson 859,611 0.07 26,918 BillerudKorsnas 253,730 0.02 2,023 Clas Ohlson 26,930 0.00

43,472 Getinge 1,471,820 0.12 61,931 Hennes & Mauritz 2,139,670 0.18 10,380 Hexpol 548,714 0.05 4,883 Intrum Justitia 72,892 0.01

65,423 JM 1,167,914 0.10 8,273 Oriflame Cosmetics 263,036 0.02

Switzerland 15,199,446 1.28 3,330 AMS 357,120 0.03

10,575 BB Biotech Registered 1,024,160 0.09 42 Belimo Registered 81,030 0.01

4,531 EMS-Chemie Registered 1,068,031 0.09 6,686 Helvetia Registered 2,535,209 0.21

7 Lindt & Sprüngli Registered 264,393 0.02 31,081 Novartis Registered 1,954,020 0.16 25,124 OC Oerlikon Registered 284,560 0.02 2,752 Partners 636,043 0.05

32,260 Roche 6,495,705 0.55

1,705 Schweizerische National-Versicherungs-Gesellschaft Registered 75,565 0.01

1,593 Zurich Insurance 423,610 0.04 Taiwan 5,802,185 0.49

26,000 Advantech 109,612 0.01 127,000 Catcher Technology 629,384 0.05 111,000 Chipbond Technology 218,126 0.02 175,000 Farglory Land Development 313,780 0.03 91,798 HTC 949,351 0.08 28,000 Largan Precision 749,699 0.06 57,000 Phison Electronics 377,620 0.03

205,400 Radiant Opto-Electronics 844,729 0.07 59,000 Richtek Technology 344,168 0.03 94,380 Simplo Technology 474,222 0.04 37,000 Taiwan Secom 82,514 0.01 31,486 Taiwan Semiconductor Manufacturing ADR 539,355 0.05 61,000 Transcend Information 169,625 0.01

Thailand 6,944,002 0.59 206,000 Advanced Info Service 1,407,453 0.12 280,900 Advanced Info Service (Foreign) 1,919,193 0.16 266,500 BEC World (Foreign) 618,552 0.05 390,100 Delta Electronics Thailand (NVDR) 408,081 0.04 466,100 PTT Exploration & Production (Foreign) 2,498,869 0.21

6,300 Siam Makro Public (Foreign) 91,854 0.01 Turkey 2,451,841 0.21

317,266 Koza Anadolu Metal Madencilik Isletmeleri 988,069 0.08 47,731 Turk Traktor ve Ziraat Makineleri 1,463,772 0.13

United Kingdom 148,740,421 12.54 27,491 Abcam 171,514 0.01

694,446 Aberdeen Asset Management 4,128,482 0.35 919,238 Afren 1,951,633 0.16 187,135 African Barrick Gold 1,335,264 0.11 186,113 AMEC 3,023,049 0.25 238,834 Amlin 1,465,895 0.12 216,635 Antofagasta 4,644,983 0.39 459,067 Ashmore 2,671,909 0.23 176,332 AstraZeneca 8,308,393 0.70 168,278 Beazley 482,084 0.04 19,023 BG 311,919 0.03

63,444 BHP Billiton 2,187,942 0.18 80,533 Bodycote 590,668 0.05 74,128 British American Tobacco 3,746,654 0.32

337,763 British Sky Broadcasting 4,195,416 0.35 22,290 Burberry 442,556 0.04 40,742 Carphone Warehouse 136,248 0.01

373,449 Catlin 3,045,077 0.26 696,754 Centamin 442,881 0.04 220,154 Centrica 1,189,379 0.10 83,791 Close Brothers 1,171,051 0.10

724,976 Cobham 2,592,330 0.22 24,719 Diploma 221,973 0.02 83,787 Domino Printing Sciences 791,066 0.07

153,248 Drax 1,351,326 0.11 12,550 Dunelm 141,761 0.01

235,316 Elementis 886,017 0.07 1,143,674 EnQuest 2,222,547 0.19

75,066 Ferrexpo 305,373 0.03 2,583 Fidessa 63,248 0.01

353,663 GlaxoSmithKline 7,646,073 0.64 70,385 Greggs 517,492 0.04

216,957 Halma 1,614,107 0.14 49,427 Hargreaves Lansdown 545,103 0.05 26,148 Highland Gold Mining 40,863 0.00

185,219 Hiscox 1,362,986 0.11 229,068 Howden Joinery 641,397 0.05 285,881 HSBC 2,994,953 0.25 292,912 IG 2,134,604 0.18 217,206 IMI 3,858,744 0.33 23,673 InterContinental Hotels 654,417 0.06 15,419 International Personal Finance 93,139 0.01

203,595 ITE 812,080 0.07 8,817 Jardine Lloyd Thompson 112,802 0.01

51,641 Kentz 324,066 0.03 89,842 Lancashire 1,128,311 0.10

2,356,810 Legal & General 5,557,168 0.47 111,938 Micro Focus International 1,055,038 0.09 360,062 Mitie 1,532,976 0.13 273,315 Morgan Crucible 1,189,320 0.10

6,998 N Brown 41,909 0.00 47,232 Next 2,837,009 0.24 97,841 Persimmon 1,267,589 0.11 49,502 Petrofac 1,301,094 0.11

128,521 Playtech 887,897 0.07 31,236 Provident Financial 686,946 0.06

114,910 Reckitt Benckiser 7,218,470 0.61 3,282 Renishaw 110,021 0.01

49,154 Restaurant 307,982 0.03 36,288 Rio Tinto 2,063,589 0.17 14,152 Rotork 583,275 0.05

193,773 Royal Dutch Shell 6,658,957 0.56 392,184 Sage 1,869,165 0.16 165,343 Shire 5,052,720 0.43 572,203 Smith & Nephew 6,296,615 0.53 36,814 Spectris 1,221,582 0.10 71,863 Spirax-Sarco Engineering 2,639,465 0.22

210,395 Spirent Communications 513,471 0.04 84,159 Standard Chartered 2,144,544 0.18

912,597 Standard Life 4,908,123 0.41 74,795 Ultra Electronics 2,015,549 0.17

135,739 Unilever 5,201,001 0.44 54,563 Victrex 1,430,582 0.12

113,675 WH Smith 1,233,410 0.10 392,950 William Hill 2,215,179 0.19

United States of America 569,767,992 48.05 57,900 3M 5,314,062 0.45 30,000 Aaron's 829,500 0.07

123,400 Abbott Laboratories 7,949,428 0.67 82,200 Accenture 5,397,252 0.46 30,500 ACE 2,408,585 0.20 12,200 Advance Auto Parts 872,422 0.07

101,600 Aflac 5,308,600 0.45 8,000 Albemarle 487,120 0.04

32,100 Alliance Resource Partners 1,846,392 0.16 39,800 Allied World Assurance 3,097,236 0.26 66,600 Altria 2,070,594 0.17 99,000 American Capital Strategies 1,180,080 0.10 37,300 American Financial 1,461,414 0.12 63,400 Amsurg 1,894,392 0.16 33,970 Amtrust Financial Services 959,313 0.08 32,300 Analog Devices 1,339,481 0.11

24,000 Apollo 491,040 0.04 15,100 Apple 7,692,091 0.65 22,300 Aptargroup 1,055,682 0.09 15,800 Arbitron 737,070 0.06 62,000 Arch Capital 2,689,560 0.23 11,400 Arthur J Gallagher & Co. 392,958 0.03 58,600 Assurant 2,009,980 0.17 88,000 Automatic Data Processing 4,957,040 0.42 37,400 Avago Technologies 1,165,010 0.10

103,300 Axis Capital 3,544,223 0.30 504,000 Bank of America 5,725,440 0.48 105,900 Baxter International 6,945,981 0.59 69,200 Becton Dickinson & Co. 5,351,928 0.45 39,700 Bed Bath & Beyond 2,179,927 0.18 32,600 Bio-Reference Labs 928,774 0.08 53,600 BMC Software 2,120,416 0.18 13,200 BOK Financial 715,836 0.06

134,100 Booz Allen Hamilton 1,825,101 0.15 11,500 BP Prudhoe Bay Royalty Trust 761,530 0.06 27,100 Bridgepoint Education 274,794 0.02

155,800 Bristol-Myers Squibb 4,970,020 0.42 33,500 Buckeye Technologies 941,685 0.08 29,800 Buckle 1,278,420 0.11 49,600 C&J Energy Services 1,026,720 0.09

162,300 CA 3,536,517 0.30 24,800 Cash America International 963,480 0.08 7,500 Cato 198,450 0.02

60,200 CBOE 1,768,074 0.15 10,800 Celgene 839,484 0.07 20,700 CF Industries 4,132,548 0.35 30,300 Cheesecake Factory 980,811 0.08 30,000 Chemed 2,010,600 0.17 82,100 Chevron 8,739,545 0.74

293,000 Chimera Investment 758,870 0.06 182,800 Cisco Systems 3,555,460 0.30 139,770 Citigroup 5,452,428 0.46 43,800 CNA Financial 1,213,698 0.10 45,800 CNO Financial 415,864 0.04 39,700 Coach 2,155,710 0.18 60,400 Coca-Cola 2,172,588 0.18 26,000 Coinstar 1,311,180 0.11 53,200 Colgate-Palmolive 5,534,928 0.47 33,800 Comerica 1,018,394 0.09 46,721 Commerce Bancshares 1,634,301 0.14 30,400 Community Bank System 818,064 0.07 7,200 Contango Oil & Gas 296,712 0.03

39,000 Cooper Tire & Rubber 961,350 0.08 61,600 CR Bard 5,912,984 0.50 2,300 Credit Acceptance 229,172 0.02

116,400 CreXus Investment 1,431,720 0.12 20,800 Crocs 288,496 0.02

104,900 CSX 2,038,207 0.17 52,700 CTC Media 408,425 0.03 5,100 Cubic 239,700 0.02

31,400 Cullen/Frost Bankers 1,698,112 0.14 38,900 Cummins 4,116,398 0.35 60,000 CVB Financial 620,400 0.05

102,700 Darling International 1,595,958 0.13 41,200 DaVita HealthCare Partners 4,522,112 0.38 6,200 Deckers Outdoor 235,104 0.02

42,600 Delek US 1,048,386 0.09 208,000 Dell 2,073,760 0.17 66,500 Delphi Automotive 2,508,380 0.21 45,300 Deluxe 1,446,882 0.12 33,400 DeVry 782,228 0.07 18,000 Diamond Offshore Drilling 1,210,140 0.10 26,000 DIRECTV 1,284,920 0.11

130,800 Discover Financial Services 4,969,092 0.42 17,100 Dolby Laboratories 495,558 0.04 61,500 Dover 3,983,970 0.34 6,000 DSW 385,860 0.03

31,400 Ebix 495,806 0.04 123,300 Eli Lilly & Co. 5,992,380 0.51 76,100 Emerson Electric 3,967,854 0.33 68,100 Equifax 3,633,816 0.31 42,600 Express 628,776 0.05 96,900 Exxon Mobil 8,246,190 0.70 38,400 Ezcorp 752,640 0.06

201,900 Fifth Third Bancorp 3,026,481 0.26 9,300 First Financial Bankshares 364,932 0.03

19,100 FleetCor Technologies 1,009,435 0.09

7,600 FLIR Systems 167,884 0.01 34,700 Forward Air 1,197,844 0.10 20,900 Franklin Resources 2,605,394 0.22 72,900 Freeport-McMoRan Copper & Gold 2,415,906 0.20 17,000 Gap 517,310 0.04 36,600 Generac 1,214,022 0.10 77,100 General Dynamics 5,233,548 0.44 52,500 Gilead Sciences 3,799,425 0.32 39,200 Gold Resource 591,528 0.05 43,500 Goldman Sachs 5,460,120 0.46 24,800 Grand Canyon Education 555,768 0.05 69,600 GT Advanced Technologies 204,624 0.02 34,600 Guess? 836,282 0.07 26,000 H&R Block 474,240 0.04 28,100 Halliburton 955,681 0.08 39,500 Harris 1,908,245 0.16 46,500 HCC Insurance 1,709,805 0.14 16,300 Healthcare Services 369,032 0.03 26,000 Helmerich & Payne 1,418,560 0.12 86,000 Herbalife 2,527,540 0.21 81,600 HollyFrontier 3,652,416 0.31

151,500 Hormel Foods 4,648,020 0.39 43,000 Hubbell 3,582,760 0.30 22,300 ICU Medical 1,348,481 0.11

400,200 Intel 8,100,048 0.68 13,600 InterDigital 542,776 0.05 22,700 International Bancshares 407,011 0.03 36,000 International Business Machines 6,833,880 0.58 10,500 Intuit 622,965 0.05 5,900 ITT Educational Services 102,955 0.01

38,400 j2 Global 1,167,744 0.10 33,400 Jack Henry & Associates 1,310,282 0.11 66,500 Johnson & Johnson 4,620,420 0.39 9,300 Jos A Bank Clothiers 391,158 0.03

33,800 Joy Global 2,078,024 0.18 122,400 JPMorgan Chase & Co. 5,292,576 0.45 29,300 KapStone Paper and Packaging 634,345 0.05

384,700 KeyCorp 3,212,245 0.27 47,200 KLA-Tencor 2,219,344 0.19 50,300 Kronos Worldwide 987,389 0.08 46,700 Kulicke & Soffa Industries 542,187 0.05 77,300 Laboratory Corp of America 6,639,297 0.56 6,300 Lancaster Colony 429,030 0.04

31,300 Landstar System 1,616,645 0.14 20,500 Lexmark International 471,705 0.04 39,400 Limited Brands 1,808,460 0.15 42,500 Linear Technology 1,436,500 0.12 12,300 Littelfuse 737,631 0.06 58,300 Lockheed Martin 5,325,122 0.45 46,341 Lorillard 5,345,434 0.45 29,400 LyondellBasell Industries 1,631,994 0.14 12,200 Magellan Health Services 631,350 0.05 5,800 Manhattan Associates 342,606 0.03

81,900 Marathon Petroleum 5,004,909 0.42 30,200 Marsh & McLennan 1,033,746 0.09 88,100 Mattel 3,157,504 0.27 45,000 Maxim Integrated Products 1,301,850 0.11 13,600 MAXIMUS 838,984 0.07 14,300 McDonald's 1,252,394 0.11 48,300 McGraw-Hill 2,571,009 0.22 38,400 MEDNAX 3,047,424 0.26

161,300 Medtronic 6,572,975 0.55 178,100 Merck & Co. 7,237,984 0.61 329,300 Microsoft 8,742,915 0.74 11,300 Moody's 559,011 0.05

304,300 Morgan Stanley 5,666,066 0.48 65,700 Mosaic 3,627,297 0.31 11,000 MSC Industrial Direct 815,760 0.07 11,500 MTS Systems 574,770 0.05 16,700 Myriad Genetics 452,403 0.04 32,900 Natural Resource Partners 585,291 0.05 8,600 NETGEAR 334,110 0.03

36,200 NeuStar 1,503,748 0.13 7,200 NewMarket 1,882,152 0.16

33,100 Northern Trust 1,652,683 0.14 76,900 Northrop Grumman 5,133,844 0.43 77,700 Nu Skin Enterprises 2,745,918 0.23 51,700 Occidental Petroleum 3,897,146 0.33 36,900 Omnicom 1,814,004 0.15

253,100 Oracle 8,357,362 0.70 8,900 Papa John's International 470,721 0.04

46,700 Parker Hannifin 3,916,262 0.33 18,200 Paychex 562,016 0.05 99,600 PDL BioPharma 706,164 0.06 53,500 PepsiCo 3,639,070 0.31 21,200 PetSmart 1,432,060 0.12 70,200 Pfizer 1,747,278 0.15 51,800 Philip Morris International 4,281,270 0.36 26,500 Pier 1 Imports 518,075 0.04 80,500 PNC Financial Services 4,625,530 0.39 16,300 Portfolio Recovery Associates 1,704,165 0.14 46,400 Primerica 1,373,440 0.12 58,200 ProAssurance 2,460,114 0.21 54,400 Protective Life 1,535,712 0.13 61,900 QLogic 591,145 0.05 86,500 Quality Systems 1,492,125 0.13 91,000 Quest Diagnostics 5,252,520 0.44 63,300 Questcor Pharmaceuticals 1,704,669 0.14 5,800 Raven Industries 148,944 0.01

91,800 Raytheon 5,205,060 0.44 18,600 RenaissanceRe 1,491,162 0.13

125,700 Reynolds American 5,152,443 0.43 8,300 RLI 529,457 0.04

18,300 Rockwell Automation 1,500,966 0.13 54,600 Rockwell Collins 3,140,046 0.26 47,000 Ross Stores 2,500,870 0.21

147,800 RPC 1,791,336 0.15 28,000 Schweitzer-Mauduit International 1,081,920 0.09 77,500 Seagate Technology 2,321,125 0.20 21,900 Sohu.com 1,017,693 0.09

101,259 Southern Copper 3,773,923 0.32 20,000 Spectrum Pharmaceuticals 225,600 0.02 54,500 Spirit Airlines 963,560 0.08 61,200 St Jude Medical 2,170,764 0.18 30,100 StanCorp Financial 1,089,319 0.09 90,800 State Street 4,181,340 0.35 64,100 STERIS 2,220,424 0.19 15,700 Sterling Financial 315,099 0.03 2,700 Strayer Education 149,364 0.01

21,200 Stryker 1,154,340 0.10 17,800 Sturm Ruger & Co. 780,708 0.07

191,900 Symetra Financial 2,440,968 0.21 9,300 Synaptics 275,094 0.02 9,100 Syntel 480,571 0.04

26,700 T Rowe Price 1,706,931 0.14 14,700 Tempur-Pedic International 445,998 0.04 11,896 Terra Nitrogen 2,517,788 0.21 30,500 Tesoro 1,303,875 0.11 12,100 Tim Hortons 589,028 0.05 42,500 Timken 1,967,750 0.17 70,300 TJX 2,925,886 0.25 60,200 Total System Services 1,278,046 0.11 1,200 Towers Watson & Co. 67,320 0.01

35,000 Trustmark 778,050 0.07 15,100 Tupperware Brands 946,317 0.08 18,300 Ubiquiti Networks 226,920 0.02 41,200 Union Pacific 5,089,848 0.43 40,800 United Bankshares 980,832 0.08 15,200 United Parcel Service 1,107,016 0.09 41,400 United Therapeutics 2,158,596 0.18

109,900 UnitedHealth 5,919,214 0.50 20,500 ValueClick 389,500 0.03 37,900 Varian Medical Systems 2,638,598 0.22 64,500 Viacom 3,351,420 0.28 63,500 Waddell & Reed Financial 2,192,655 0.18

145,800 Walgreen 5,327,532 0.45 122,700 Wells Fargo & Co. 4,160,757 0.35

8,800 Westamerica Bancorporation 371,096 0.03 67,500 Western Digital 2,798,550 0.24 63,100 Western Refining 1,719,475 0.15

239,100 Western Union 3,199,158 0.27 85,700 Willis 2,862,380 0.24 15,600 World Acceptance 1,137,552 0.10 41,400 Xilinx 1,461,834 0.12 19,000 Zebra Technologies 743,090 0.06 87,600 Zimmer 5,741,304 0.48




시가 USD

% 순자산

Sweden 4,573 - 13,758 Angler Gaming 4,573 0.00

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 4,573 - 주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산


총 공정가치 조정액 5,243,367 0.44 총 투자자산 1,162,604,571 98.04 기타 순자산 23,224,017 1.96 순자산가치 1,185,828,588 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 “공정가치 평가(Fair Value Pricing) 부분을 참고하시기 바랍니다.

슈로더 글로벌 멀티에셋 인컴 펀드 (Global Multi-Asset Income)* 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 2,353,372 1.59 21,148 Adelaide Brighton 68,457 0.05 7,761 ALS 86,964 0.06 6,636 AMP 33,117 0.02 1,869 ARB 21,136 0.01

11,397 ASG 6,740 0.00 12,494 Ausdrill 36,685 0.02 2,197 Austin Engineering 9,801 0.01 2,324 Australand Property 8,198 0.00 6,885 Australian Infrastructure Fund 22,216 0.01 5,003 BHP Billiton 192,575 0.13

164 Blackmores 5,726 0.00 10,292 Boart Longyear 20,021 0.01 2,115 Bradken 12,025 0.01 4,343 Breville 29,964 0.02 2,368 Cabcharge Australia 10,761 0.01 3,236 Cardno 23,401 0.02 2,519 Cedar Woods Properties 11,761 0.01

11,755 Coca-Cola Amatil 164,037 0.11 5,801 Codan 14,505 0.01 1,649 Credit 13,909 0.01 4,046 David Jones 9,907 0.01 6,412 Decmil 16,964 0.01

19,976 Emeco 12,642 0.01 1,837 Fleetwood 18,659 0.01 2,368 Flight Centre 66,335 0.04 3,992 Forge 20,419 0.01

24,459 Grange Resources 8,882 0.01 1,104 GUD 9,908 0.01 5,241 Iluka Resources 49,047 0.03 6,414 Imdex 11,213 0.01

12,109 Incitec Pivot 40,579 0.03 11,230 Integrated Research 15,962 0.01

527 JB Hi-Fi 5,659 0.00 3,087 Kingsgate Consolidated 14,092 0.01

12,151 Kingsrose Mining 10,716 0.01 4,762 M2 Telecommunications 20,652 0.01 6,127 Mermaid Marine Australia 21,677 0.01 4,132 Mineral Resources 41,627 0.03 2,000 Monadelphous 50,672 0.03 5,685 Mortgage Choice 10,351 0.01

13,738 Mount Gibson Iron 11,902 0.01 5,497 Myer 12,319 0.01 8,793 Navitas 42,878 0.03

12,311 NIB/Austrlia 25,673 0.02 13,378 Northern Star Resources 17,142 0.01 5,256 NRW 10,252 0.01

11,944 Origin Energy 143,997 0.10 1,992 OrotonGroup 14,260 0.01 1,531 OZ Minerals 10,642 0.01

16,099 Platinum Asset Management 66,311 0.04 6,151 RCR Tomlinson 11,934 0.01 5,570 Reckon 13,523 0.01

752 Rio Tinto 51,502 0.03 7,240 Sedgman 9,277 0.01 4,341 Seven 38,058 0.03

681 Shopping Centres Australasia Property 1,060 - 3,979 Skilled 10,651 0.01 2,756 SMS Management & Technology 13,239 0.01 7,763 Stockland 28,431 0.02 4,246 STW Communications 4,890 0.00 7,972 TABCORP 25,227 0.02 6,777 Technology One 10,547 0.01

50,166 Telstra 227,451 0.15 14,281 TPG Telecom 38,376 0.03 3,186 Troy Resources 11,966 0.01 3,167 UGL 35,750 0.02 6,488 Seven West Media 11,039 0.01 5,042 Westfield Retail Trust 15,798 0.01 5,556 Woolworths 169,072 0.11 4,068 Wotif.com 22,243 0.02

Austria 327,226 0.22 2,126 Atrium European Real Estate 12,501 0.01 1,209 EVN 18,875 0.01

3,250 IMMOFINANZ 13,639 0.01 231 Lenzing 20,823 0.01

2,034 Oesterreichische Post 83,854 0.06 4,554 OMV 164,608 0.11

312 Semperit 12,926 0.01 Belgium 989,423 0.67

2,511 Ageas 73,708 0.05

BRL 810,000 Anheuser-Busch InBev Worldwide 9.75% 17/11/2015 426,085 0.29

445 Befimmo 28,712 0.02 6,041 Belgacom 177,248 0.12

203 EVS Broadcast Equipment 11,910 0.01 569 Gimv 28,518 0.02

1,156 Groupe Bruxelles Lambert 91,863 0.06 893 Melexis 15,198 0.01

2,540 Mobistar 65,078 0.04 188 Sipef 14,532 0.01 625 Sofina 56,571 0.04

Brazil 3,161,383 2.14 5,100 AES Tiete Preference 58,725 0.04

500 Cielo 13,909 0.01



1,600 Companhia Energetica do Ceara Preference 35,144 0.02 1,000 Companhia Paranaense de Energia ADR 15,280 0.01

2,900 Eletropaulo Metropolitana Eletricidade de Sao Paulo Preference 23,781 0.02

3,300 Eternit 13,047 0.01 7,300 Grendene 58,758 0.04

USD 600,000 Minerva Overseas II RegS 10.875% 15/11/2019 691,491 0.47

4,000 Santos Brasil Participações 57,012 0.04 1,500 Telefonica Brasil ADR Preference 36,120 0.02 7,300 Tractebel Energia 118,834 0.08

USD 375,000 Vale Overseas 6.875% 10/11/2039 475,721 0.32

USD 550,000 Virgolino de Oliveira Finance RegS 10.5% 28/01/2018 562,639 0.38

USD 800,000 Votorantim Cimentos RegS 7.25% 05/04/2041 897,928 0.61 Canada 1,902,658 1.29

700 Artis Real Estate Investment Trust 11,038 0.01 1,500 Baytex Energy 63,833 0.04 1,200 BCE 51,259 0.03 1,200 Bird Construction 15,668 0.01 1,300 Calfrac Well Services 31,415 0.02

11,000 Canadian Oil Sands 219,525 0.15 2,000 Canyon Services 22,217 0.02 1,400 Cathedral Energy Services 8,043 0.01 3,300 Chorus Aviation 12,661 0.01 1,900 CML HealthCare 12,728 0.01

400 Dorel Industries 14,407 0.01 2,300 Ensign Energy Services 34,974 0.02 5,000 Essential Energy Services 10,194 0.01

900 Evertz Technologies 14,644 0.01 500 Freehold Royalties 11,008 0.01

5,100 Genworth MI Canada 116,737 0.08 900 Great-West Lifeco 21,938 0.01

8,000 IAMGOLD 88,224 0.06 1,700 IGM Financial 70,278 0.05 1,700 Longview Oil 9,186 0.01

700 Magna International 34,696 0.02 2,200 Medical Facilities 30,382 0.02 1,000 Morguard Real Estate Investment Trust 17,938 0.01 2,400 Mullen 50,259 0.03 4,200 Nevsun Resources 17,422 0.01 1,200 Parkland Fuel 22,646 0.02 3,900 Petrominerales 32,237 0.02 2,500 Power Corp of Canada 63,074 0.04 2,800 Power Financial 75,958 0.05 3,100 Rogers Communications 140,981 0.10 1,500 Savanna Energy Services 10,681 0.01

USD 410,000 Teck Resources 6.25% 15/07/2041 484,212 0.33 1,200 Vermilion Energy 61,877 0.04

500 Wajax 20,318 0.01 Chile 158,201 0.10

3,398 Administradora de Fondos de Pensiones Provida 23,065 0.01

400 Administradora de Fondos de Pensiones Provida ADR 39,972 0.03

26,838 AFP Habitat 51,843 0.03

17,971 Sigdo Koppers 43,321 0.03 China 320,594 0.21

700 Changyou.com ADR 18,648 0.01 USD 250,000 Country Garden RegS 11.75% 10/09/2014 278,274 0.19

4,400 Giant Interactive ADR 23,672 0.01 Colombia 262,139 0.18

COP 400,000,000 Empresas Publicas de Medellin ESP RegS 8.375% 01/02/2021 262,139 0.18

Cyprus 50,009 0.03 3,029 Globaltrans Investment GDR 50,009 0.03

Czech Republic 306,701 0.21 5,408 CEZ 193,178 0.13

65 Philip Morris 36,535 0.03 4,529 Telefonica Czech Republic 76,988 0.05

Denmark 86,211 0.06 8 AP Moeller - Maersk 60,358 0.04

895 D/S Norden 25,853 0.02 Finland 413,228 0.28

5,317 Elisa 117,539 0.08 848 Nokian Renkaat 33,727 0.02

5,673 Orion 166,263 0.11 891 PKC 18,237 0.01 926 Cramo 9,691 0.01

1,358 Ramirent 11,215 0.01 1,985 Stora Enso 13,757 0.01 1,335 Tieto 26,266 0.02 1,421 UPM-Kymmene 16,533 0.01

France 5,127,520 3.47 613 Akka Technologies 19,440 0.01 674 Alten 23,289 0.01 878 April 17,460 0.01

3,794 AXA 66,927 0.05 2,899 BNP Paribas 163,127 0.11 1,023 Cie Generale des Etablissements Michelin 96,772 0.06

203 Ciments Français 11,993 0.01 8,426 CNP Assurances 129,207 0.09

GBP 200,000 CNP Assurances variable 30/09/2041 338,958 0.23 492 Euler Hermes 42,257 0.03

3,802 France Telecom 41,893 0.03 EUR 450,000 France Telecom EMTN 8.125% 28/01/2033 940,035 0.64

2,923 GDF Suez 60,156 0.04 181 Gecina 20,305 0.01

EUR 250,000 Lafarge EMTN 5.375% 29/11/2018 373,122 0.25 488 Mercialys 11,059 0.01

2,355 Metropole Television 36,766 0.02 9,604 Natixis 32,360 0.02

470 Neopost 24,842 0.02 228 Nexans 10,094 0.01 426 Nexity 14,374 0.01 448 Plastic Omnium 13,488 0.01 403 Renault 21,665 0.01

1,125 Rexel 22,952 0.02 557 Saft 13,027 0.01

1,916 Sanofi 180,740 0.12 319 SEB 23,483 0.02

USD 1,700,000 Société Générale variable perpetual 1,698,853 1.15 227 Societe Internationale de Plantations d'Heveas 18,570 0.01

EUR 150,000 SPCM RegS 5.5% 15/06/2020 210,907 0.14 4,837 Total 249,329 0.17

31 Total Gabon 14,111 0.01 786 Valeo 39,087 0.03

3,091 Vinci 146,872 0.10 Germany 4,702,418 3.18 EUR 250,000 ALBA & Co. RegS 8% 15/05/2018 359,184 0.24

259 Allianz 35,866 0.02 778 Aurubis 55,348 0.04 851 Axel Springer 36,304 0.02

2,700 Balda 12,019 0.01 1,428 BASF 134,253 0.09

219 Bertrandt 21,920 0.01 290 Cewe Color 11,892 0.01 330 Delticom 14,084 0.01

USD 325,000 Deutsche Telekom International Finance 8.75% 15/06/2030 489,723 0.33

1,118 Drillisch 16,464 0.01 3,404 E.ON 63,376 0.04

EUR 500,000 EnBW Energie Baden-Wuerttemberg EMTN variable 02/04/2072 739,777 0.50

3,248 Freenet 60,085 0.04 244 Generali Deutschland 23,794 0.02 130 Gesco 11,689 0.01 721 Indus 19,302 0.01

500 Jungheinrich Preference 19,464 0.01 2,725 K+S 126,025 0.08

207 Leoni 7,809 0.01 227 Muenchener Rueckversicherungs 40,793 0.03 316 Nemetschek 13,863 0.01 949 NORMA 26,333 0.02

1,126 ProSieben Sat.1 Media Preference 31,691 0.02 527 Rheinmetall 25,347 0.02

GBP 900,000 RWE variable perpetual 1,592,825 1.08 314 SMA Solar Technology 7,887 0.01

EUR 250,000 Techem Energy Metering Service GmbH & Co. RegS 7.875% 01/10/2020 366,963 0.25

USD 300,000 Unitymedia Hessen/Unitymedia 144A 5.5% 15/01/2013 313,500 0.21

222 Wacker Chemie 14,563 0.01

234 WMF Wuerttembergische Metallwarenfabrik Preference 10,275 0.01

Hong Kong SAR 2,445,556 1.66 43,000 361 Degrees International 12,317 0.01 28,000 Agile Property 39,379 0.03 20,000 AMVIG 7,303 0.00 44,000 Anta Sports Products 38,945 0.03 38,500 Billion Industrial 24,738 0.02 70,000 Bonjour 8,761 0.00

154,000 Bosideng International 45,701 0.03 26,000 Chaowei Power 13,452 0.01 50,000 China All Access 11,677 0.01 32,000 China BlueChemical 'H' 21,470 0.01

111,000 China Construction Bank 'H' 89,082 0.06 15,000 China Lilang 8,883 0.01 15,000 China Mobile 174,670 0.12 27,000 China Shanshui Cement 19,753 0.01 12,000 China Shenhua Energy 'H' 52,565 0.03 19,000 China Shineway Pharmaceutical 32,115 0.02

146,000 China South City 22,040 0.01 156,000 China Tontine Wines 15,499 0.01 11,000 China Vanadium Titano - Magnetite Mining 2,597 0.00 59,000 Citic Telecom International 15,986 0.01 44,000 City Telecom 15,328 0.01

330,000 CSI Properties 13,412 0.01 10,400 Dah Sing Banking 11,312 0.01 4,800 Dah Sing Financial 21,645 0.01

30,000 Dongyue 19,857 0.01 58,000 Dorsett Hospitality International 14,069 0.01 72,000 Emperor International 19,880 0.01

131,000 Evergrande Real Estate 71,835 0.05 6,000 Fairwood 12,510 0.01

118,000 First Pacific/Hong Kong 129,566 0.09 24,000 Giordano 23,070 0.02 40,000 Guangshen Railway 'H' 15,896 0.01 21,600 Guangzhou R&F Properties 'H' 35,952 0.02 27,000 Haitian International 32,224 0.02 16,800 HSBC 176,229 0.12

USD 350,000 Hutchison Whampoa International 10 RegS variable perpetual 371,915 0.25

32,000 Jiangsu Expressway 'H' 32,989 0.02 16,500 KWG Property 12,390 0.01 22,000 Lee & Man Chemical 12,206 0.01 4,000 Luk Fook 12,593 0.01

20,000 Minth 22,993 0.02 22,000 NagaCorp 13,341 0.01 27,000 New World Department Store China 17,419 0.01 22,000 New World Development 34,120 0.02 29,000 Pacific Textile 26,043 0.02 59,000 Peak Sport Products 11,495 0.01 18,000 Ports Design 14,306 0.01 44,000 Regent Manner International 8,345 0.01

200,000 REXLot 15,225 0.01 25,000 Shenzhou International 56,449 0.04 50,000 Shougang Fushan Resources 18,386 0.01 30,000 SmarTone Telecommunications 54,501 0.04 11,500 Stella International 31,160 0.02 5,000 Sun Hung Kai Properties 74,964 0.05

48,000 SUNeVision 9,847 0.01 12,000 TAI Cheung 9,832 0.01 32,000 TCC International 9,166 0.01 6,000 Television Broadcasts 44,824 0.03

34,000 Tianneng Power International 21,847 0.01 23,000 Travelsky Technology 'H' 12,286 0.01

58,000 Truly International 13,096 0.01 5,600 VTech 62,753 0.04

17,500 XTEP International 7,519 0.01 8,000 Yanzhou Coal Mining 'H' 13,233 0.01 5,000 YGM Trading 11,780 0.01

98,000 Yuanda China 11,633 0.01 17,000 Yue Yuen Industrial 56,810 0.04

128,000 Zijin Mining 'H' 50,372 0.03 Hungary 991,061 0.67 HUF 206,000,000 Hungary Government 7% 24/06/2022 991,061 0.67

India 1,396,846 0.95 USD 400,000 Bhira Investments variable 27/04/2071 413,773 0.28 USD 450,000 ICICI Bank RegS variable 30/04/2022 455,378 0.31 USD 300,000 Vedanta Resources RegS 6.75% 07/06/2016 316,740 0.22 USD 200,000 Vedanta Resources RegS 8.75% 15/01/2014 210,955 0.14

Indonesia 856,057 0.58 370,500 Adaro Energy 60,142 0.04 77,000 Aneka Tambang Persero 10,062 0.00 28,500 Astra Agro Lestari 57,320 0.04

USD 200,000 GT 2005 BONDS step coupon 21/07/2014 201,685 0.14

USD 200,000 Indo Integrated Energy RegS 9.75% 05/11/2016 219,213 0.15

9,500 Indo Tambangraya Megah 40,299 0.03

186,000 Perusahaan Perkebunan London Sumatra Indonesia 43,675 0.03

39,000 Tambang Batubara Bukit Asam Persero 60,123 0.04 177,000 Telekomunikasi Indonesia Persero 163,538 0.11

Ireland 16,752 0.01 1,219 FBD 16,752 0.01

Israel 276,825 0.19 67,375 Bezeq The Israeli Telecommunication 77,176 0.05 15,282 Israel Chemicals 187,969 0.13 1,956 Ormat Industries 11,680 0.01

Italy 1,579,815 1.07 2,780 Astaldi 18,587 0.01 3,431 Atlantia 61,974 0.04 2,824 Autostrada Torino-Milano 29,143 0.02

13,588 Banca Carige 13,834 0.01 2,869 Cairo Communication 9,364 0.01 4,255 Credito Emiliano 23,232 0.01 3,201 De'Longhi 46,188 0.03

25,525 Enel 105,838 0.07 10,761 ENI 260,779 0.18 31,479 Intesa Sanpaolo 54,074 0.04 1,799 Lottomatica 40,887 0.03 8,062 Recordati 73,611 0.05 6,334 Societa Iniziative Autostradali e Servizi 59,172 0.04

13,962 Terna Rete Elettrica Nazionale 55,789 0.04

USD 700,000 Wind Acquisition Finance 144A 7.25% 15/02/2018 712,250 0.48

2,527 Zignago Vetro 15,093 0.01 Japan 3,761,989 2.55

1,200 Aeon Delight 23,425 0.01 2,400 Ai 17,052 0.01 1,600 Aisan Industry 13,256 0.01 1,300 Alfresa 50,694 0.03

900 Alpen 15,809 0.01 2,000 Amada 12,844 0.01

800 Aoyama Trading 15,293 0.01 14,000 Aozora Bank 42,768 0.03 1,000 Arnest One 16,350 0.01

500 As One 10,426 0.01 900 Asahi 15,142 0.01

3,000 Bando Chemical Industries 10,032 0.01 12 Benefit One 13,483 0.01

1,200 Canon 46,378 0.03 600 Canon Electronics 13,108 0.01

5,400 Citizen 28,243 0.02 1,400 Coca-Cola Central Japan 17,334 0.01

600 Cocokara fine 18,711 0.01 800 CREATE 22,615 0.01

7,000 Daihatsu Motor 138,591 0.09 2,000 Daiichi Jitsugyo 9,234 0.01

600 Daiichikosho 13,948 0.01 3,000 Daiwa Industries 16,802 0.01

400 Doshisha 10,461 0.01 1,400 Doutor Nichires 18,241 0.01

12 Dr Ci:Labo 37,436 0.02

900 Eizo Nanao 14,351 0.01 600 Exedy 13,115 0.01

2,100 FamilyMart 86,386 0.06 600 FCC 12,400 0.01 23 Fuji Media 34,625 0.02 9 Fujishoji 10,393 0.01

3,000 Fujitec 21,592 0.01 15 Geo 15,621 0.01

900 Heiwa 14,590 0.01 1,000 Hibiya Engineering 11,386 0.01 1,300 HI-LEX 21,662 0.01 1,800 Hitachi Koki 14,642 0.01

400 Hogy Medical 18,977 0.01 3,300 Hoya 64,572 0.04 1,100 Iida Home Max 12,996 0.01

400 Inaba Denki Sangyo 11,456 0.01 2,200 Ines 13,645 0.01 2,200 ITC Networks 16,903 0.01 8,000 ITOCHU 83,962 0.06 1,300 Japan Digital Laboratory 14,576 0.01 1,200 Japan Tobacco 33,881 0.02 6,000 Kaken Pharmaceutical 88,243 0.06 2,000 Kandenko 8,979 0.01

900 Kanematsu Electronics 10,383 0.01 600 Kato Sangyo 10,692 0.01

2,425 KDDI 170,889 0.11 3,000 Kinden 19,475 0.01 2,500 Kuraray 32,545 0.02 3,500 Kurita Water Industries 76,626 0.05 1,000 Kuroda Electric 11,768 0.01 1,200 Kyokuto Securities 12,164 0.01

800 Lawson 54,339 0.04 1,700 Macromill 18,255 0.01 1,000 Meiko Network Japan 11,166 0.01

500 Meitec 10,981 0.01 600 Milbon 18,975 0.01 700 Ministop 11,745 0.01

2,100 Mirait 19,027 0.01 16,100 Mitsubishi UFJ Financial 85,884 0.06 2,000 Mitsuboshi Belting 11,085 0.01 8,000 Mitsui Sugar 23,050 0.01

20,200 Mizuho Financial 36,698 0.02 3,000 Mochida Pharmaceutical 36,762 0.02 2,500 Moshi Moshi Hotline 31,792 0.02

500 NAC 11,919 0.01 800 Nagaileben 10,609 0.01 900 NEC Fielding 10,758 0.01 200 NEC Mobiling 8,112 0.00

1,400 NET One Systems 13,770 0.01 3,000 Nichias 16,350 0.01

8 NIFTY 12,506 0.01 2,000 Nippon Konpo Unyu Soko 23,305 0.01 2,000 Nippon Pillar Packing 13,261 0.01 4,000 Nippon Shokubai 40,824 0.03 2,200 Nippon Telegraph & Telephone 92,409 0.06 1,600 Nippon Television 21,310 0.01

700 Nissin Kogyo 10,749 0.01 5,000 NOF 22,391 0.02

900 Nomura Research Institute 18,662 0.01 123 NTT DOCOMO 176,487 0.12 50 Obic 9,980 0.01

4,000 Oenon 9,165 0.01 500 Ohsho Food Service 11,832 0.01

2,600 Okabe 16,908 0.01 10,500 Otsuka 295,730 0.20

330 Point 12,048 0.01 600 Proto 10,386 0.01 900 Resorttrust 17,673 0.01

3,000 Riken 11,039 0.01 600 Riso Kagaku 11,220 0.01 124 Riso Kyoiku 9,944 0.01 600 Rock Field 9,991 0.01

1,500 Sanoh Industrial 9,894 0.01 1,100 Santen Pharmaceutical 42,195 0.03 2,700 Sega Sammy 45,458 0.03 1,000 Sekisui Jushi 10,484 0.01

900 Shimachu 18,860 0.01 2,300 Shinko Electric Industries 18,151 0.01 1,500 Shinko Plantech 11,838 0.01

1,100 Showa 10,819 0.01 400 Sogo Medical 13,483 0.01 400 St Marc 14,210 0.01

1,500 Stanley Electric 21,176 0.01 600 Studio Alice 8,616 0.01

3,400 Sumitomo Electric Industries 38,871 0.03 10,000 Sumitomo Mitsui Trust 34,830 0.02

10 Tact Home 12,462 0.01 3,000 Taihei Kogyo 12,324 0.01

800 Taikisha 15,098 0.01 700 Taiyo 19,723 0.01

1,000 Takasago Thermal Engineering 7,845 0.01 3,300 Tecmo Koei 27,685 0.02 2,000 Teikoku Sen-I 14,673 0.01 1,100 Tenma 11,736 0.01 1,300 TKC 22,594 0.02 7,000 Toagosei 27,297 0.02 1,500 Tokai Rika 20,690 0.01 1,000 Tokyo Ohka Kogyo 19,648 0.01

13,000 Tokyotokeiba 26,475 0.02 600 Tomoe Engineering 10,685 0.01

1,100 Toppan Forms 9,839 0.01 3,000 Toshiba Machine 14,719 0.01 1,000 Toyo 11,190 0.01

600 Trancom 12,317 0.01 2,500 Trend Micro 75,012 0.05

900 Trusco Nakayama 16,423 0.01 800 Universal Entertainment 13,747 0.01 630 USS 65,537 0.04

2,000 Wakita & Co. 16,339 0.01 5,000 Yokohama Rubber 35,871 0.02 1,300 Yusen Logistics 12,907 0.01

Kazakhstan 51,948 0.04 2,886 KazMunaiGas Exploration Production GDR 51,948 0.04

Luxembourg 362,708 0.25

EUR 250,000 Ardagh Packaging Finance RegS 7.375% 15/10/2017 362,708 0.25

Malaysia 151,954 0.10 35,600 Berjaya Sports Toto 51,805 0.03 13,500 BIMB 12,405 0.01 16,800 Hap Seng Plantations 15,492 0.01 28,500 KLCC Property 58,715 0.04 15,800 Mudajaya 13,537 0.01

Mexico 2,566,003 1.73 MXN 3,000,000 America Movil 6.45% 05/12/2022 238,778 0.16 USD 650,000 Cemex Finance RegS 9.375% 12/10/2022 733,740 0.50

8,500 Grupo Aeroportuario del Centro Norte 22,926 0.01 36,200 Grupo Mexico 130,418 0.09

MXN 7,600,000 Mexican Bonos 7.5% 03/06/2027 682,958 0.46 MXN 5,000,000 Mexican Bonos 7.75% 14/12/2017 429,448 0.29 MXN 3,600,000 Mexican Bonos 7.75% 13/11/2042 327,735 0.22 Netherlands 1,471,937 1.00

506 Accell 8,899 0.01 4,756 Aegon 30,184 0.02

652 Amsterdam Commodities 11,975 0.01 1,922 ArcelorMittal 32,850 0.02

562 Beter Bed 9,802 0.01 278 Corio 12,605 0.01 80 Eurocommercial Properties 3,186 0.00

9,915 Koninklijke Ahold 132,782 0.09 3,964 Koninklijke KPN 19,464 0.01 4,936 Koninklijke Philips Electronics 129,760 0.09 2,939 PostNL 11,332 0.01 8,256 Royal Dutch Shell 283,365 0.19 2,934 Royal Imtech 67,419 0.04

837 Sligro Food 24,055 0.02 EUR 250,000 TenneT variable perpetual 356,896 0.24 EUR 250,000 UPC RegS 6.375% 15/09/2022 337,363 0.23

New Zealand 124,995 0.08 13,910 New Zealand Oil & Gas 10,005 0.00 6,239 Nuplex Industries 16,206 0.01 5,279 Restaurant Brands New Zealand 11,456 0.01 8,172 Skellerup 10,681 0.01 6,854 Sky Network Television 27,607 0.02

26,224 Telecom Corp of New Zealand 49,040 0.03 Norway 1,155,876 0.78

1,102 Atea 11,887 0.01 1,364 Copeinca 10,054 0.01

USD 265,000 Eksportfinans 5.50% 25/05/2016 276,967 0.19 1,526 Fred Olsen Energy 66,334 0.04 1,055 Kongsberg Gruppen 23,613 0.01

3,511 ProSafe 29,868 0.02 4,778 SpareBank 1 SR Bank 31,953 0.02

12,865 Statoil 321,476 0.22 573 Stolt-Nielsen 11,846 0.01

8,711 Telenor 175,706 0.12 2,358 TGS Nopec Geophysical 76,939 0.05 2,037 Veidekke 16,113 0.01 2,095 Yara International 103,120 0.07

Philippines 116,957 0.08 13,860 Manila Electric 88,074 0.06 10,510 Union Bank Of Philippines 28,883 0.02

Poland 1,848,044 1.25 1,621 Asseco Poland 23,776 0.02

EUR 250,000 Eileme 2 RegS 11.75% 31/01/2020 385,274 0.26 2,868 Enea 14,591 0.01 2,235 Jastrzebska Spolka Weglowa 66,792 0.04 2,327 KGHM Polska Miedz 142,996 0.10

24,391 PGE 143,653 0.10 PLN 290,000 Poland Government 5.75% 25/10/2021 108,847 0.07 PLN 1,600,000 Poland Government 5.5% 25/04/2015 544,701 0.37

28,996 Synthos 50,735 0.03 EUR 250,000 TVN Finance II RegS 10.75% 15/11/2017 366,679 0.25

Portugal 25,287 0.02 4,225 Portucel Empresa Produtora de Pasta e Papel 12,729 0.01 6,417 Sonae.com 12,558 0.01

Russia 4,007,745 2.71

USD 300,000 Alfa Bank Via Alfa Bond Issuance RegS 7.75% 28/04/2021 332,953 0.23

USD 400,000 ALROSA Finance RegS 7.75% 03/11/2020 465,666 0.31 USD 500,000 Evraz RegS 6.75% 27/04/2018 517,412 0.35

945 Gazprom Neft OAO ADR 21,905 0.01 4,534 Gazprom OAO ADR 42,892 0.03 1,602 Lukoil OAO ADR 105,972 0.07

USD 300,000 Rosneft Oil via Rosneft International Finance RegS 4.199% 06/03/2022 306,199 0.21

4,125 Rostelecom ADR 98,505 0.07

RUB 27,500,000 Russian Railways via RZD Capital RegS 8.3% 02/04/2019 935,773 0.63

USD 400,000 Sistema International RegS 6.95% 17/05/2019 430,098 0.29

600 Tatneft ADR 26,142 0.02 USD 300,000 VimpelCom Regs 6.255% 01/03/2017 322,020 0.22 USD 350,000 VimpelCom RegS 7.504% 01/03/2022 402,208 0.27

Singapore 411,396 0.28 12,000 ARA Asset Management 15,921 0.01 24,000 CH Offshore 9,533 0.01 24,000 China Fishery 10,712 0.01 32,000 Chip Eng Seng Corp 15,724 0.01 49,000 ComfortDelGro 71,430 0.05 25,000 First Real Estate Investment Trust 21,703 0.01 14,000 Keppel Land 46,206 0.03 46,000 Lippo Malls Indonesia Retail Trust 18,459 0.01 37,000 StarHub 114,844 0.08 9,000 Suntec Real Estate Investment Trust 12,346 0.01

18,000 UMS 6,118 0.00 87,000 Yangzijiang Shipbuilding 68,400 0.05

South Africa 822,183 0.56 5,273 Adcock Ingram 33,597 0.02 1,686 Astral Foods 20,590 0.01 1,299 Bidvest 33,028 0.02 3,927 Coronation Fund Managers 18,376 0.01 1,510 Exxaro Resources 30,110 0.02 7,306 Gold Fields 89,437 0.06 1,332 Kumba Iron Ore 89,408 0.06 1,120 Lewis 9,118 0.01 6,758 MTN 141,616 0.10 7,842 Reunert 69,720 0.05 9,080 RMI 22,049 0.01 1,960 Sasol 83,902 0.06 1,594 Standard Bank/South Africa 22,359 0.02 9,057 Vodacom 132,512 0.09 1,423 Wilson Bayly Holmes-Ovcon 26,361 0.02

South Korea 297,866 0.20 780 Dongbu Insurance 33,601 0.02

3,080 Halla Climate Control 68,433 0.05 530 Hyundai Marine & Fire Insurance 16,546 0.01 510 Kangwon Land 13,985 0.01

1,881 KT&G 142,484 0.10

1,720 Meritz Fire & Marine Insurance 22,817 0.01 Spain 1,018,536 0.69

240 Acciona 17,826 0.01 5,042 Banco Bilbao Vizcaya Argentaria 46,370 0.03 5,619 Banco Santander 45,291 0.03

11,469 CaixaBank 39,963 0.03 55 Construcciones y Auxiliar de Ferrocarriles 25,364 0.02

4,593 Duro Felguera 29,192 0.02 6,178 Enagas 131,757 0.09 7,657 Gas Natural SDG 137,398 0.09 2,427 Grupo Catalana Occidente 44,160 0.03

10,187 Iberdrola 56,468 0.04 1,519 Indra Sistemas 20,112 0.01

13,767 Mapfre 42,113 0.03 3,101 Red Electrica 152,838 0.10 2,951 Repsol 59,796 0.04 2,951 Repsol Rights 10/01/2013 1,801 0.00

790 Tecnicas Reunidas 36,624 0.03 2,324 Viscofan 131,463 0.09

Sweden 1,077,155 0.73 372 AddTech 10,648 0.01

1,183 Axfood 44,604 0.03 698 Betsson 21,537 0.01 540 Bilia 7,770 0.01

1,948 Billerud 18,362 0.01 1,132 Clas Ohlson 15,069 0.01 1,881 Concentric 16,211 0.01 1,664 Duni 15,109 0.01

705 Hoganas 26,961 0.02 633 Holmen 18,743 0.01

4,143 Industrivarden 68,668 0.05 3,386 Intrum Justitia 50,545 0.03 6,716 Investor 175,704 0.12 1,292 JM 23,064 0.02 3,786 Kinnevik Investment 79,065 0.05 1,344 Loomis 21,614 0.01

734 Modern Times 25,596 0.02 684 NCC 14,337 0.01 973 Nolato 11,755 0.01

1,290 Oriflame Cosmetics 41,015 0.03 911 Saab 18,941 0.01

6,317 Tele2 113,839 0.08 33,120 TeliaSonera 224,573 0.15

424 Unibet 13,425 0.01 Switzerland 1,867,431 1.27

255 BB Biotech Registered 24,696 0.02 157 Bossard 23,022 0.01

EUR 250,000 Cloverie for Zurich Insurance EMTN variable 24/07/2039 404,633 0.27

15 Georg Fischer Registered 6,041 0.00 229 Helvetia Registered 86,833 0.06 556 Implenia Registered 24,277 0.02 92 Inficon Registered 22,058 0.01

107 Komax Registered 8,313 0.01 1,197 Logitech International Registered 9,078 0.01 1,033 Mobilezone 10,920 0.01 4,964 Novartis Registered 312,080 0.21

772 Pargesa 52,928 0.04 902 Roche 181,622 0.12

627 Schweizerische National-Versicherungs-Gesellschaft Registered 27,789 0.02

EUR 250,000 Sunrise Communications RegS 8.5% 31/12/2018 364,263 0.25

251 Swiss Life Registered 33,345 0.02 1,061 Swiss Re 76,515 0.05

120 Swisscom Registered 51,713 0.04 40 Vaudoise Assurances 12,913 0.01

455 Zehnder 21,908 0.01 423 Zurich Insurance 112,484 0.08

Taiwan 725,683 0.49 17,000 Advantech 71,669 0.05 6,000 Asustek Computer 67,419 0.04

12,000 Catcher Technology 59,469 0.04 8,525 Chicony Electronics 19,686 0.01

30,550 China Petrochemical Development 18,925 0.01 5,000 China Steel Chemical 22,370 0.02

19,000 Chin-Poon Industrial 20,467 0.01 10,000 Chipbond Technology 19,651 0.01 4,900 Chunghwa Telecom ADR 159,495 0.11

16,000 Farglory Land Development 28,688 0.02 4,000 HTC 41,367 0.03 3,000 Phison Electronics 19,875 0.01

14,000 Powertech Technology 22,621 0.02 7,120 Radiant Opto-Electronics 29,282 0.02

10,000 Realtek Semiconductor 21,096 0.01 8,000 Simplo Technology 40,197 0.03

11,000 Taiwan Secom 24,531 0.02 6,000 Transcend Information 16,684 0.01

32,000 Vanguard International Semiconductor 22,191 0.02 Thailand 362,946 0.25

8,600 Advanced Info Service (NVDR) 58,758 0.04 14,100 Bangchak Petroleum (Foreign) 14,635 0.01 2,550 Banpu (Foreign) Registered 34,344 0.02

13,300 Delta Electronics Thailand (Foreign) 13,913 0.01 11,500 Electricity Generating (NVDR) 56,767 0.04 37,700 Khon Kaen Sugar Industry 16,884 0.01 13,100 PTT Exploration & Production (Foreign) 70,232 0.05 10,600 PTT Exploration & Production (NVDR) 56,829 0.04 31,800 Samart (Foreign) 13,306 0.01 33,100 Thai Tap Water Supply (NVDR) 9,955 0.01 57,600 Thai Tap Water Supply (Foreign) 17,323 0.01

Turkey 1,728,837 1.17 2,796 Ford Otomotiv Sanayi 33,828 0.02

15,504 Is Gayrimenkul Yatirim Ortakligi 13,113 0.01

17,813 Kardemir Karabuk Demir Celik Sanayi ve Ticaret 12,672 0.01

13,613 Kardemir Karabuk Demir Celik Sanayi ve Ticaret 'A' 10,828 0.01

18,548 Turk Telekomunikasyon 72,102 0.05 1,132 Turk Traktor ve Ziraat Makineleri 34,715 0.02

TRY 975,000 Turkey Government 8% 09/10/2013 553,841 0.37 TRY 700,000 Turkey Government Bond 9.5% 12/01/2022 470,803 0.32

USD 500,000 Yasar Holdings SA Via Willow No 2 RegS 9.625% 07/10/2015 526,935 0.36

United Kingdom 25,598,353 17.33 34,935 3i Infrastructure 68,966 0.05

GBP 400,000 ABP Finance EMTN 6.25% 14/12/2026 723,205 0.49 12,039 African Barrick Gold 85,902 0.06 2,528 Albemarle & Bond 8,787 0.00 2,758 Alent 13,792 0.01 7,462 Amlin 45,800 0.03

258 Anglo American 7,913 0.00 2,613 Anglo Pacific 11,415 0.01

18,232 Ashmore 106,116 0.07 6,683 AstraZeneca 314,889 0.21

EUR 850,000 Aviva variable perpetual 1,094,862 0.74 8,544 Avocet Mining 9,686 0.01

20,326 BAE Systems 110,897 0.07 4,264 Balfour Beatty 18,900 0.01

31,061 Barclays 131,992 0.09 USD 385,000 Barclays Bank 144A 10.179% 12/06/2021 526,128 0.36

6,755 BBA Aviation 24,395 0.02 14,687 Beazley 42,075 0.03 1,812 Bellway 30,342 0.02 3,048 Berendsen 29,444 0.02

664 BG 10,888 0.01 GBP 400,000 BG Energy variable 30/11/2072 700,132 0.47

1,622 BHP Billiton 55,937 0.04 321,063 Bilfinger Berger Global Infrastructure SICAV 563,491 0.38

2,631 Bodycote 19,297 0.01 EUR 250,000 Boparan RegS 9.75% 30/04/2018 374,936 0.25

26,159 BP 179,959 0.12 3,511 British American Tobacco 177,457 0.12 6,454 British Land 58,740 0.04

11,836 British Sky Broadcasting 147,017 0.10 1,452 Caledonia Investments 36,118 0.02 3,078 Cape 10,567 0.01 6,961 Carillion 35,735 0.02 6,844 Carphone Warehouse 22,887 0.01

11,263 Catlin 91,838 0.06 37,138 Centrica 200,638 0.13 4,226 Chemring 15,713 0.01 2,700 Chesnara 8,439 0.00 4,280 Close Brothers 59,817 0.04

19,741 Cobham 70,589 0.05 4,259 Computacenter 29,106 0.02 1,898 Cranswick 26,096 0.02 1,228 Daily Mail & General Trust 10,958 0.01

GBP 224,250 DFS Furniture RegS 9.75% 15/07/2017 394,581 0.27 4,124 Diploma 37,033 0.02

GBP 800,000 Direct Line Insurance variable 27/04/2042 1,526,922 1.03 2,625 Domino Printing Sciences 24,784 0.02 5,591 Drax 49,301 0.03 8,249 Eurasian Natural Resources 37,939 0.02 3,657 Firstgroup 12,395 0.01

654 Fresnillo 19,562 0.01 GBP 400,000 Friends Life 8.25% 21/04/2022 712,772 0.48 USD 700,000 Friends Life variable perpetual 746,081 0.50 GBP 650,000 Friends Life variable perpetual 959,561 0.65

403 Games Workshop 4,340 0.00 15,288 GlaxoSmithKline 330,521 0.22

553 Go-Ahead 11,454 0.01 1,662 Greene King 16,835 0.01 6,027 Greggs 44,312 0.03 2,556 Halfords 13,759 0.01 2,796 Hammerson 22,110 0.01 3,424 Hansteen 4,436 0.00

960 Hargreaves Services 10,105 0.01 427,226 HICL Infrastructure 857,920 0.58

1,978 Hill & Smith 12,749 0.01 11,848 Hiscox 87,187 0.06 13,844 HSBC 145,033 0.10

GBP 450,000 HSBC EMTN 7% 07/04/2038 949,331 0.64 7,627 ICAP 37,919 0.02

11,852 IG 86,372 0.06 4,763 IMI 84,616 0.06 3,301 Imperial Tobacco 126,856 0.09 1,932 Inchcape 13,482 0.01 2,979 Inmarsat 28,198 0.02 4,458 Intermediate Capital 22,814 0.02

129,333 International Public Partnership 263,067 0.18 2,388 Interserve 15,036 0.01 7,677 J Sainsbury 42,905 0.03

GBP 250,000 Jaguar Land Rover RegS 8.25% 15/03/2020 450,100 0.30 408,034 John Laing Infrastructure Fund 712,993 0.48

GBP 7,761 Kcom 9,181 0.01 1,577 Kier 33,864 0.02

15,736 Ladbrokes 50,534 0.03 1,742 Land Securities 22,950 0.02

78,833 Legal & General 185,882 0.13 GBP 600,000 Legal & General EMTN variable 23/07/2041 1,326,351 0.90 EUR 250,000 Lloyds TSB Bank EMTN 6.5% 24/03/2020 378,235 0.26

2,111 Majestic Wine 16,034 0.01 4,435 Marks & Spencer 27,458 0.02 5,028 May Gurney Integrated Services 14,870 0.01 2,266 Mears 12,037 0.01 2,283 Micro Focus International 21,518 0.01 6,382 Mitie 27,172 0.02 2,667 Mondi 28,916 0.02 5,994 Morgan Crucible 26,083 0.02 1,635 Morgan Sindall 13,649 0.01

717 National Grid 8,163 0.01

EUR 250,000 Nationwide Building Society EMTN 6.75% 22/07/2020 387,826 0.26

1,080 Next 64,871 0.04 1,848 Novae 11,877 0.01

GBP 250,000 Odeon & UCI Finco RegS 9% 01/08/2018 424,093 0.29 GBP 650,000 Old Mutual EMTN 8% 03/06/2021 1,148,233 0.78

770 PayPoint 10,281 0.01 2,152 Persimmon 27,880 0.02 2,016 Petropavlovsk 11,786 0.01 1,845 Playtech 12,746 0.01 4,641 Premier Farnell 14,618 0.01 3,183 Provident Financial 70,001 0.05 2,430 Reckitt Benckiser 152,649 0.10 2,895 Restaurant 18,139 0.01 1,039 Rio Tinto 59,085 0.04 8,987 Royal Dutch Shell 'A' 308,836 0.21

522 Royal Dutch Shell 'B' 18,386 0.01 4,201 RPC 27,009 0.02

GBP 150,000 RSA Insurance variable 20/05/2039 311,590 0.21 GBP 800,000 RSA Insurance variable perpetual 1,345,476 0.91

15,288 Sage 72,863 0.05 3,800 Segro 15,176 0.01 4,355 Smith & Nephew 47,923 0.03 4,251 Smiths 81,992 0.06

GBP 250,000 Southern Water Greensands Financing 427,148 0.29

GMTN 8.5% 15/04/2019 USD 1,100,000 SSE variable perpetual 1,134,936 0.77 EUR 100,000 SSE variable perpetual 140,429 0.10

384 Standard Chartered 9,785 0.01 7,034 Standard Life 37,830 0.03 2,248 Sthree 12,050 0.01

926 Telecom Plus 13,864 0.01 23,455 TESCO 127,627 0.09

710,783 UK Commercial Property Trust 757,409 0.52 2,500 Ultra Electronics 67,369 0.05 2,037 Unilever 78,050 0.05 2,758 Vesuvius 15,454 0.01

66,876 Vodafone 167,273 0.11 3,443 WH Smith 37,358 0.03 7,580 William Hill 42,731 0.03

25,736 WM Morrison Supermarkets 109,614 0.07 2,015 WS Atkins 24,898 0.02

777 XP Power 12,696 0.01 GBP 175,000 Zurich Finance UK EMTN variable perpetual 308,357 0.21

United States of America 23,344,634 15.80 800 3M 73,424 0.05

2,300 Abbott Laboratories 148,166 0.10 2,000 Aflac 104,500 0.07

800 Agree Realty 21,240 0.01 USD 700,000 Alliance One International 10% 15/07/2016 734,234 0.50

1,000 Alliance Resource Partners 57,520 0.04 USD 200,000 Ally Financial 7.5% 15/09/2020 243,250 0.16

4,800 Altria 149,232 0.10

USD 700,000 American Axle & Manufacturing 7.75% 15/11/2019 764,218 0.52

700 American Capital Agency 20,300 0.01 200 American National Bankshares 4,006 0.00 200 American National Insurance 13,598 0.01

1,000 American Software/Georgia 7,650 0.00 2,800 Annaly Capital Management 39,228 0.03 1,900 ARMOUR Residential 12,293 0.01

300 Arrow Financial 7,392 0.00 500 Autoliv 32,965 0.02

3,200 Automatic Data Processing 180,256 0.12 USD 110,000 Avaya 9.75% 01/11/2015 98,450 0.07

2,500 Baxter International 163,975 0.11 3,100 Best Buy 34,999 0.02 6,300 Booz Allen Hamilton 85,743 0.06

400 Bridge Bancorp 8,024 0.00 9,500 Bristol-Myers Squibb 303,050 0.20 6,600 CA 143,814 0.10 1,000 Calamos Asset Management 10,430 0.01

800 Capstead Mortgage 9,120 0.01 800 Cato 21,168 0.01

USD 430,000 CenturyLink 6.45% 15/06/2021 476,539 0.32 2,900 Chevron 308,705 0.21

20,000 Chimera Investment 51,800 0.03 12,600 Cisco Systems 245,070 0.16

600 Citizens & Northern 11,184 0.01 400 City 13,664 0.01 700 Cliffs Natural Resources 24,906 0.02

USD 380,000 CNA Financial 7.35% 15/11/2019 478,129 0.32 700 CNB Financial 11,186 0.01

1,500 Colony Financial 28,785 0.02 800 Community Bank System 21,528 0.01 500 Community Trust Bancorp 15,875 0.01 500 Computer Programs & Systems 24,820 0.02

USD 200,000 Concho Resources 5.5% 01/10/2022 212,000 0.14 3,900 ConocoPhillips 222,573 0.15 5,700 Corning 71,079 0.05

800 Courier 8,528 0.01 2,400 CreXus Investment 29,520 0.02

800 CTC Media 6,200 0.00 1,100 CVB Financial 11,374 0.01

USD 200,000 Dana 6.5% 15/02/2019 214,500 0.15 1,700 Darden Restaurants 75,548 0.05

USD 230,000 DaVita HealthCare Partners 5.75% 15/08/2022 243,393 0.16

8,000 Dell 79,760 0.05 1,500 Deluxe 47,910 0.03 2,400 Diebold 72,072 0.05

500 Digimarc 9,960 0.01 1,300 Dorchester Minerals 26,117 0.02 1,200 Dynex Capital 11,100 0.01

1,000 Electro Rent 14,670 0.01 6,200 Eli Lilly & Co. 301,320 0.20 1,000 EMC Insurance 23,090 0.01 1,300 Emerson Electric 67,782 0.04 1,000 Ennis 15,240 0.01

USD 400,000 Entravision Communications 8.75% 01/08/2017 436,000 0.30

2,000 Exxon Mobil 170,200 0.12 4,100 Federated Investors 81,344 0.05 2,300 FirstMerit 32,476 0.02 2,800 Freeport-McMoRan Copper & Gold 92,792 0.06

USD 250,000 Frontier Communications 8.25% 15/04/2017 290,446 0.20 2,800 FutureFuel 32,508 0.02 1,600 GameStop 39,248 0.03 1,100 Gannett 19,371 0.01 1,000 Garmin 40,000 0.03

376 Gazprom OAO ADR 3,557 0.00 2,800 General Dynamics 190,064 0.13

GBP 600,000 General Electric Capital RegS variable 15/09/2067 1,009,806 0.68

700 Gentex/MI 13,062 0.01 200 Genuine Parts 12,556 0.01 700 Gold Resource 10,563 0.01 500 Guess? 12,085 0.01

2,100 H&R Block 38,304 0.02 1,500 Harris 72,465 0.05

USD 450,000 Hartford Financial Services 6.625% 30/03/2040 568,051 0.38

1,300 Hasbro 45,942 0.03 100 Hatteras Financial 2,467 0.00

USD 505,000 HCA 5.875% 01/05/2023 526,276 0.36 USD 430,000 Health Care REIT 5.25% 15/01/2022 482,288 0.33

1,800 Herbalife 52,902 0.04 3,300 Hewlett-Packard 45,144 0.03 1,000 Hillenbrand 22,310 0.02

600 Homeowners Choice 12,348 0.01 1,300 Horace Mann Educators 25,168 0.02 8,400 Intel 170,016 0.11 1,100 Intersections 10,252 0.01

17,683 iShares FTSE NAREIT Mortgage Plus Capped Index Fund 241,019 0.16

1,100 j2 Global 33,451 0.02 300 John Wiley & Sons 11,568 0.01

4,400 Johnson & Johnson 305,712 0.21 3,200 JPMorgan Chase & Co 138,368 0.09 1,000 Kimberly-Clark 83,130 0.06 1,300 KLA-Tencor 61,126 0.04 1,500 Knightsbridge Tankers 7,800 0.01 1,700 Kohl's 71,876 0.05

800 Kronos Worldwide 15,704 0.01 1,200 L-3 Communications 90,852 0.06 1,900 Landstar System 98,135 0.07

900 Lexmark International 20,709 0.01 USD 250,000 Limited Brands 5.625% 15/02/2022 273,043 0.18

1,900 Lockheed Martin 173,546 0.12 1,700 Lorillard 196,095 0.13 1,000 LyondellBasell Industries 55,510 0.04

900 Main Street Capital 26,685 0.02 300 Mantech International 7,653 0.01

2,200 Marathon Petroleum 134,442 0.09

24,453 Market Vectors Preferred Securities ex Financials Preference 497,619 0.34

900 Mattel 32,256 0.02 400 McDonald's 35,032 0.02

1,100 Medallion Financial 12,562 0.01 4,000 Medtronic 163,000 0.11 6,900 Merck & Co 280,416 0.19

200 Meredith 6,666 0.00 600 Meridian Bioscience 11,982 0.01

USD 585,000 MGM Resorts International 6.625% 15/12/2021 590,607 0.40 USD 200,000 MGM Resorts International 7.75% 15/03/2022 214,781 0.15

10,100 Microsoft 268,155 0.18 2,078 Millicom International Cellular 180,283 0.12

500 Molex 13,340 0.01 BRL 650,000 Morgan Stanley 11.5% 22/10/2020 372,287 0.25

600 MTS Systems 29,988 0.02 400 National Bankshares 12,584 0.01

2,200 National Penn Bancshares 20,218 0.01 1,200 Natural Resource Partners 21,348 0.01

800 NBT Bancorp 15,952 0.01 USD 400,000 Newmont Mining 6.25% 01/10/2039 479,488 0.32

900 Nicholas Financial 10,692 0.01 200 Norfolk Southern 12,214 0.01 600 North European Oil Royalty Trust 13,200 0.01

2,400 Northrop Grumman 160,224 0.11 1,200 Northwest Bancshares 14,448 0.01 1,600 Old Republic International 16,848 0.01

600 Orchids Paper Products 12,288 0.01 1,900 Owens & Minor 53,295 0.04 7,700 PDL BioPharma 54,593 0.04

300 Penns Woods Bancorp 11,148 0.01 1,200 PepsiCo 81,624 0.06 1,100 PetMed Express 11,935 0.01 8,000 Pfizer 199,120 0.13 1,400 Philip Morris International 115,710 0.08

150 Phillips 66 7,586 0.01 6,500 Pitney Bowes 67,665 0.05 1,700 PNC Financial Services 97,682 0.07 1,800 Portland General Electric 48,600 0.03 1,700 Protective Life 47,991 0.03 2,400 Prudential Financial 125,928 0.09 1,400 Public Service Enterprise 41,916 0.03 3,200 Quality Systems 55,200 0.04 1,100 Questcor Pharmaceuticals 29,623 0.02

USD 200,000 Quicksilver Resources 8.25% 01/08/2015 185,240 0.13 USD 200,000 Quiksilver 6.875% 15/04/2015 197,500 0.13

300 Rayonier 15,282 0.01 3,200 Raytheon 181,440 0.12

900 Republic Bancorp 18,810 0.01 7,200 Reynolds American 295,128 0.20

USD 220,000 Royal Bank of Scotland 6.125% 15/12/2022 232,626 0.16 4,500 RPC 54,540 0.04 3,500 Seagate Technology 104,825 0.07 1,500 Seaspan 24,135 0.02 1,400 Ship Finance International 22,386 0.02

500 Simmons First National 12,645 0.01 2,900 Southern Copper 108,083 0.07

USD 600,000 Southern Copper 5.25% 08/11/2042 606,027 0.41 800 Southside Bancshares 16,632 0.01

USD 105,000 Sprint Nextel 6% 01/12/2016 113,887 0.08 USD 200,000 Sprint Nextel 7.00% 15/08/2020 219,945 0.15

4,600 Staples 51,106 0.03 2,300 Starwood Property Trust 51,934 0.04 1,200 Steelcase 14,604 0.01

300 TAL International 10,659 0.01 1,400 Telular 13,076 0.01

USD 300,000 Terex 6% 15/05/2021 315,750 0.21 400 Terra Nitrogen 84,660 0.06 400 Tessco Technologies 8,616 0.01 300 Textainer 9,285 0.01 600 Timken 27,780 0.02 500 Tompkins Financial 19,555 0.01 800 True Religion Apparel 19,824 0.01

3,300 TrustCo Bank 17,226 0.01 1,100 United Bankshares 26,444 0.02 1,200 Universal 59,148 0.04 2,600 Universal Insurance 11,232 0.01

700 Univest Corp of Pennsylvania 11,620 0.01 800 USA Mobility 8,984 0.01

USD 365,000 Ventas Realty/Ventas Capital 4.75% 01/06/2021 402,329 0.27

2,200 Verizon Communications 94,380 0.06 900 Waddell & Reed Financial 31,077 0.02

2,600 Walgreen 95,004 0.06 3,000 Warner Chilcott 35,070 0.02

500 Washington Banking 6,730 0.00

USD 400,000 Weatherford International/Bermuda 7% 15/03/2038 466,250 0.32

3,500 Wells Fargo & Co. 118,685 0.08 3,800 Western Digital 157,548 0.11

11,100 Western Union 148,518 0.10 USD 420,000 Willis 5.75% 15/03/2021 479,900 0.32

1,900 Xyratex 15,808 0.01 공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 100,624,458 68.12



시가 USD

% 순자산

Argentina 312,731 0.21 BRL 600,000 Arcos Dorados RegS 10.25% 13/07/2016 312,731 0.21

Australia 267,500 0.18

USD 250,000 FMG Resources August 2006 Pty 144A 8.25% 01/11/2019 267,500 0.18

Belgium 353,153 0.24 EUR 250,000 Ontex IV RegS 7.5% 15/04/2018 353,153 0.24

Bermuda 216,000 0.15 USD 200,000 Digicel 144A 8.25% 01/09/2017 216,000 0.15

Jamaica 331,500 0.23 USD 300,000 Digicel 144A 8.25% 30/09/2020 331,500 0.23

Brazil 922,750 0.62

USD 300,000 BR Malls International Finance RegS 8.5% perpetual 330,482 0.22

USD 300,000 OGX Austria RegS 8.5% 01/06/2018 271,295 0.18 USD 300,000 Schahin II Finance RegS 5.875% 25/09/2022 320,973 0.22

Canada 1,875,761 1.27 USD 235,000 Bombardier 144A 7.75% 15/03/2020 267,900 0.18

USD 350,000 Brookfield Residential Properties 144A 6.5% 15/12/2020 361,375 0.25

USD 750,000 New Gold 144A 6.25% 15/11/2022 781,875 0.53 USD 430,000 Xstrata Finance Canada 144A 6% 15/11/2041 464,611 0.31

Chile 524,023 0.36 CLP 224,000,000 Chile Government 5.5% 05/08/2020 524,023 0.36

Colombia 432,855 0.29 COP 650,000,000 Emgesa ESP RegS 8.75% 25/01/2021 432,855 0.29 Luxembourg 1,483,901 1.00

USD 200,000 Ardagh Packaging Finance 144A 9.125% 15/10/2020 219,000 0.15

USD 500,000 Intelsat Luxembourg 11.25% 04/02/2017 530,625 0.36

USD 700,000 Telefonica Celular del Paraguay RegS 6.75% 13/12/2022 734,276 0.49

Malaysia 487,835 0.33 MYR 1,500,000 Malaysia Government 3.418% 15/08/2022 487,835 0.33 Mexico 1,491,780 1.01 USD 650,000 Mexichem SAB de RegS 6.75% 19/09/2042 733,239 0.50

USD 700,000 Mexico Generadora de Energia S de rl RegS 5.5% 06/12/2032 758,541 0.51

Netherlands 498,154 0.34

USD 200,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 144A variable perpetual 271,154 0.18

USD 200,000 UPC 144A 9.875% 15/04/2018 227,000 0.16 Philippines 620,476 0.42 PHP 23,000,000 Philippine Government 4.95% 15/01/2021 620,476 0.42

Russia 329,127 0.22

USD 300,000 Severstal OAO Via Steel Capital RegS 6.7% 25/10/2017 329,127 0.22

South Africa 1,022,309 0.69 ZAR 3,520,000 South Africa Government 13.5% 15/09/2015 499,476 0.34 ZAR 2,000,000 South Africa Government 6.5% 28/02/2041 194,358 0.13 ZAR 2,600,000 South Africa Government 7.75% 28/02/2023 328,475 0.22

Thailand 498,503 0.34 THB 15,000,000 Thailand Government 3.65% 17/12/2021 498,503 0.34

United Kingdom 1,174,011 0.79 USD 750,000 Ashtead 144A 6.50% 15/07/2022 815,625 0.55

58,907 Asian Citrus 29,096 0.02 EUR 250,000 Ineos RegS 7.875% 15/02/2016 329,290 0.22

United States of America 27,974,269 18.94 USD 480,000 313 144A 6.375% 01/12/2019 478,200 0.32 USD 750,000 Aircastle 144A 6.25% 01/12/2019 785,625 0.53 USD 375,000 Allbritton Communications 8% 15/05/2018 408,750 0.28 USD 60,000 Alphabet 144A 7.75% 01/11/2017 61,950 0.04 USD 200,000 Ameristar Casinos 7.5% 15/04/2021 216,786 0.15

USD 750,000 Aviv Healthcare Properties/Aviv Healthcare Capital 7.75% 15/02/2019 798,750 0.54

USD 365,000 Biomet 144A 6.50% 01/08/2020 389,181 0.26 EUR 250,000 Boardriders RegS 8.875% 15/12/2017 348,509 0.24 USD 500,000 BOE Merger 144A 9.5% 01/11/2017 502,500 0.34 USD 115,000 Boyd Gaming 9.125% 01/12/2018 118,127 0.08

USD 200,000 Burlington Coat Factory Warehouse 10% 15/02/2019 216,943 0.15

USD 620,000 Capella Healthcare 9.25% 01/07/2017 668,050 0.45 USD 375,000 CCO/CCO Capital 5.25% 30/09/2022 382,500 0.26 USD 100,000 Chaparral Energy 9.875% 01/10/2020 114,250 0.08

USD 250,000 Chesapeake Oilfield Operating/Chesapeake Oilfield Finance 144A 6.625% 15/11/2019 236,875 0.16

USD 200,000 CHS/Community Health Systems 8% 15/11/2019 218,337 0.15

USD 285,000 Cyrusone / Cyrusone Financial 144A 6.375% 15/11/2022 298,538 0.20

USD 415,000 Digital Realty Trust 5.875% 01/02/2020 475,673 0.32 USD 195,000 DISH DBS 6.75% 01/06/2021 223,268 0.15 USD 220,000 DuPont Fabros Technology 8.5% 15/12/2017 242,000 0.17 USD 450,000 Edgen Murray144A 8.75% 01/11/2020 456,750 0.31 USD 250,000 Endo Health Solutions 7% 15/07/2019 267,813 0.18 USD 415,000 Endo Health Solutions 7% 15/12/2020 444,569 0.30

USD 250,000 Fidelity National Information Services 5.00% 15/03/2022 269,375 0.18

USD 180,000 First Data 144A 6.75% 01/11/2020 182,700 0.12 USD 10,294,427 Freddie Mac REMICS 3.5% 15/07/2027 1,647,065 1.11 USD 200,000 FTI Consulting 144A 6% 15/11/2022 208,000 0.14 USD 2,800,000 GNMA II Pool TBA 3% 15/01/2042 2,975,875 2.02 USD 500,000 Gray Television 144A 7.5% 01/10/2020 513,750 0.35 USD 105,000 Gulfmark Offshore 144A 6.375% 15/03/2022 108,806 0.07

USD 750,000 H&E Equipment Services 144A 7.00% 01/09/2022 803,438 0.55

USD 600,000 Halcon Resources 144A 8.875% 15/05/2021 640,500 0.43 USD 150,000 HCA 7.75% 15/05/2021 163,388 0.11 USD 130,000 HDTFS 144A 5.875% 15/10/2020 136,500 0.09 USD 240,000 HDTFS 144A 6.25% 15/10/2022 256,800 0.17

USD 140,000 Huntsman International 144A 4.875% 15/11/2020 142,275 0.10

USD 220,000 Inergy Midstream/NRGM Finance 144A 6% 15/12/2020 227,700 0.15

USD 200,000 Infor US 9.375% 01/04/2019 225,500 0.15 USD 185,000 Iron Mountai n5.75% 15/08/2024 188,238 0.13 USD 200,000 Jaguar/Jaguar Merger144A 9.5% 01/12/2019 228,000 0.16 USD 250,000 Lamar Media 144A 5% 01/05/2023 258,438 0.17 USD 200,000 Landry's 144A 9.38% 01/05/2020 212,000 0.14 USD 200,000 Level 3 Financing 144A 8.88% 01/06/2019 214,250 0.15 USD 450,000 Liberty Mutual 144A 5% 01/06/2021 485,670 0.33 USD 430,000 Liberty Mutual 144A 6.5% 01/05/2042 488,990 0.33 USD 510,000 Michael Foods 144A 8.5% 15/07/2018 522,750 0.35

USD 200,000 Midstates Petroleum 144A 10.75% 01/10/2020 213,500 0.15

USD 120,000 New Academy Finance/New Academy Finance 144A 8.5% 15/06/2018 122,100 0.08

USD 700,000 Niska Gas Storage US/Niska Gas Storage Canada 8.875% 15/03/2018 719,982 0.49

USD 115,000 Nortek 144A 8.5% 15/04/2021 126,788 0.09 USD 385,000 Nortek 8.5% 15/40/2021 425,425 0.29 USD 140,000 NRG Energy 8.25% 01/09/2020 157,238 0.11

USD 750,000 Offshore Group Investment 144A 7.5% 01/11/2019 761,250 0.52

USD 122,000 Offshore Investments 11.5% 01/08/2015 132,848 0.09 USD 250,000 Penske Automotive 144A 5.75% 01/10/2022 258,750 0.18 USD 145,000 PVH 4.5% 15/12/2022 147,175 0.10 USD 250,000 Reynolds Group Issuer 7.88% 15/08/2019 280,000 0.19

USD 970,000 Sabra Health Care/Sabra Capital 8.125% 01/11/2018 1,039,113 0.70

USD 700,000 SandRidge Energy 7.5% 15/03/2021 752,500 0.51 USD 145,000 Sequa 144A 7% 15/12/2017 146,631 0.10

USD 130,000 Severstal Columbus 144A 10.25% 15/02/2018 137,475 0.09

USD 250,000 Sirius XM Radio 144A 5.25% 15/08/2022 253,750 0.17 USD 440,000 SLM MTN 6% 25/01/2017 477,367 0.32

USD 200,000 Spectrum Brands Escrow 144A 6.375% 15/11/2020 211,500 0.14

USD 160,000 Steel Dynamics 144A 6.38% 15/08/202 170,400 0.12 USD 90,000 Tenet Healthcare 144A 4.75% 01/06/2020 91,575 0.06

USD 750,000 Univision Communications 144A 7.875% 01/11/2020 815,625 0.55

USD 250,000 UR Merger Sub 144A 7.375% 15/05/2020 275,625 0.19 USD 360,000 Viking Cruises 144A 8.5% 15/10/2022 389,700 0.26 USD 200,000 Virgin Media Finance 4.875% 15/02/2022 206,000 0.14 USD 200,000 West 7.875% 15/01/2019 208,000 0.14

Uruguay 545,255 0.37 UYU 10,500,000 Uruguay Notas Del Teso 9% 27/01/2014 545,255 0.37 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 41,361,893 28.00



시가 USD

% 순자산

United Kingdom 181,148 0.12 GBP 110,000 Virgin Media Finance 5.125% 15/02/2022 181,148 0.12 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 181,148 0.12 총 투자자산 142,167,499 96.24 기타 순자산 5,553,107 3.76 순자산가치 147,720,606 100.00 * 해당 연도 동안 발생한 검토 중인 제반 법인조치에 관한 자세한 내용은 이사보고서를 참고하시기 바랍니다.

슈로더 아시안 채권 앱솔루트 리턴 펀드 (Asian Bond Absolute Return) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

China 80,681,874 6.88 USD 6,000,000 Agile Property 4% 28/04/2016 6,171,360 0.53

USD 2,000,000 Big Will Investments EMTN 10.875% 29/04/2016 2,201,530 0.19

CNH 24,000,000 China Development Bank 4.2% 19/01/2027 3,936,579 0.34

CNH 6,000,000 China Guangdong Nuclear Power RegS 3.75% 01/11/2015 969,981 0.08

USD 5,000,000 China Resources Gas RegS 4.5% 05/04/2022 5,519,625 0.47

CNH 60,500,000 China Shanshui Cement 6.5% 22/07/2014 9,793,258 0.83 USD 3,800,000 Country Garden RegS 11.125% 23/02/2018 4,401,863 0.38

USD 4,000,000 Franshion Development RegS 6.75% 15/04/2021 4,265,780 0.36

HKD 15,000,000 Intime Department Store 1.75% 27/10/2013 2,049,256 0.17

CNH 20,000,000 Intime Department Store RegS 4.65% 21/07/2014 3,165,426 0.27

CNH 25,000,000 Kaisa 8% 20/12/2015 4,345,196 0.37 USD 5,000,000 Lonking RegS 8.5% 03/06/2016 5,133,650 0.44

CNH 20,000,000 Melco Crown Entertainment 3.75% 09/05/2013 3,208,750 0.27

CNH 11,000,000 PCD Stores 5.25% 01/02/2014 1,704,762 0.15 CNH 20,000,000 Right Century 1.85% 03/06/2014 3,132,927 0.27 USD 5,000,000 SOHO China RegS 7.125% 07/11/2022 5,003,235 0.43 USD 5,000,000 Tencent RegS 3.375% 05/03/2018 5,170,400 0.44 USD 6,000,000 West China Cement RegS 7.5% 25/01/2016 5,902,920 0.50 CNH 30,000,000 Zhongsheng RegS 4.75% 21/04/2014 4,605,376 0.39 Germany 1,940,608 0.17

CNH 12,000,000 BSH Bosch und Siemens Hausgeraete RegS 3.8% 24/07/2017 1,940,608 0.17

Hong Kong SAR 45,817,976 3.91 HKD 20,000,000 Hengdeli 2.5% 20/10/2015 2,640,216 0.23 USD 4,000,000 HLP Finance EMTN 4.75% 25/06/2022 4,300,016 0.37

USD 4,000,000 Hongkong Land Finance Cayman Island EMTN 4.5% 07/10/2025 4,249,172 0.36

USD 3,000,000 PB Issuer No 2 1.75% 12/04/2016 2,951,970 0.25 USD 10,000,000 PHBS 6.625% perpetual 10,208,550 0.87 CNH 20,000,000 Rainbow Days RegS 2% 30/06/2014 3,138,246 0.27 USD 5,000,000 Rosy Unicorn 6.5% 09/02/2017 5,541,545 0.47 USD 1,000,000 Shimao Property RegS 9.65% 03/08/2017 1,104,165 0.09 USD 1,000,000 Shimao Property RegS 11% 08/03/2018 1,156,415 0.10

USD 8,000,000 Sun Hung Kai Properties Capital Market EMTN 4.5% 14/02/2022 8,585,472 0.73

USD 1,800,000 Wiseyear RegS 5% 15/02/2017 1,942,209 0.17 Indonesia 21,868,812 1.87 USD 1,888,000 Indo Energy Finance RegS 7% 07/05/2018 1,982,891 0.17 IDR 70,000,000,000 Indonesia Government 8.25% 15/06/2032 8,744,840 0.75 USD 10,902,000 Theta Capital RegS 6.125% 14/11/2020 11,141,081 0.95 India 53,376,081 4.55 USD 10,000,000 ICICI Bank RegS variable perpetual 9,882,400 0.84 INR 2,300,000,000 India Government 7.8% 11/04/2021 41,018,751 3.50 USD 2,400,000 NTPC EMTN 4.75% 03/10/2022 2,474,930 0.21 Malaysia 1,772,080 0.15

USD 1,700,000 Export-Import Bank of Malaysia EMTN 2.875% 14/12/2017 1,772,080 0.15

Norway 14,095,315 1.20 USD 13,000,000 BW RegS 6.625% 28/06/2017 14,095,315 1.20 South Korea 170,534,386 14.55 KRW 25,000,000,000 Korea Treasury Bond 4.25% 10/06/2021 25,404,175 2.17 KRW 130,000,000,000 Korea Treasury Bond 5.75% 10/09/2018 139,419,723 11.89 USD 5,700,000 NongHyup Bank RegS 2.25% 19/09/2017 5,710,488 0.49 Sri Lanka 2,362,723 0.20 USD 2,200,000 Sri Lanka (Republic of) 5.875% 25/07/2022 2,362,723 0.20 Singapore 30,029,683 2.56

USD 4,000,000 CapitaLand Treasury EMTN 4.076% 20/09/2022 4,086,860 0.35

USD 3,200,000 CMT MTN EMTN 3.731% 21/03/2018 3,396,547 0.29

USD 4,200,000 Competition Team Technology RegS 2.125% 13/12/2017 4,163,208 0.35

USD 10,000,000 DBS Bank RegS variable 21/09/2022 10,530,850 0.90

CNH 25,000,000 Global Logistic Properties RegS 3.375% 11/05/2016 3,964,856 0.34

USD 3,800,000 Oversea-Chinese Banking RegS variable 11/03/2023 3,887,362 0.33

Thailand 11,298,007 0.96 USD 4,000,000 Kasikornbank EMTN 3% 20/03/2018 4,068,016 0.35

USD 2,600,000 PTT Global Chemical RegS 4.25% 19/09/2022 2,704,107 0.23

USD 3,600,000 PTTEP Canada International Finance RegS 6.35% 12/06/2042 4,525,884 0.38

Taiwan 6,051,450 0.52

USD 6,000,000 Chinatrust Commercial Bank Hong Kong RegS variable perpetual 6,051,450 0.52

United States of America 17,934,638 1.53

CNH 16,000,000 Caterpillar Financial Services EMTN 2.9% 16/03/2014 2,570,432 0.22

USD 7,300,000 Korea Hydro & Nuclear Power RegS 3% 19/09/2022 7,261,602 0.62



공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 457,763,633 39.05 주식수 또는 원금


시가 USD

% 순자산

China 33,980,914 2.90 CNH 40,000,000 China Government RegS 1.9% 18/08/2018 6,178,331 0.53

USD 5,000,000 China Resources Power East Foundation variable perpetual 5,280,825 0.45

USD 6,000,000 COSL Finance RegS 3.25% 06/09/2022 5,963,730 0.51 USD 1,000,000 Country Garden RegS 11.25% 22/04/2017 1,130,210 0.09

CNH 19,500,000 Eastern Air Overseas Hong Kong 4% 08/08/2014 3,136,393 0.27

CNH 37,000,000 Hai Chao Trading RegS 2% 04/08/2014 5,724,736 0.49

CNH 15,000,000 Sinotruk Hong Kong RegS 4.5% 01/08/2014 2,425,309 0.21

USD 2,000,000 Yancoal International Resources Development RegS 4.461% 16/05/2017 2,072,920 0.18

USD 2,000,000 Yancoal International Resources Development RegS 5.73% 16/05/2022 2,068,460 0.17

Hong Kong SAR 14,841,359 1.27

SGD 3,000,000 Bank of East Asia EMTN variable 13/09/2022 2,558,863 0.22

CNH 21,500,000 China Datang Overseas Hong Kong 4.5% 15/06/2015 3,488,989 0.30

CNH 12,000,000 Gemdale International 9.15% 26/07/2015 2,075,113 0.18

CNH 11,000,000 Lafarge Shui On Cement RegS 9% 14/11/2014 1,882,612 0.16

CNH 25,000,000 Singamas Container 4.75% 14/04/2014 3,956,525 0.34

USD 800,000 Swire Properties MTN Financing EMTN 4.375% 18/06/2022 879,257 0.07

Malaysia 272,420,338 23.23 MYR 55,000,000 Malaysia Government 3.741% 27/02/2015 18,252,122 1.56 MYR 16,000,000 Malaysia Government 3.835% 12/08/2015 5,337,141 0.45 MYR 40,000,000 Malaysia Government 4.262% 15/09/2016 13,599,359 1.16 MYR 284,000,000 Malaysia Government 4.012% 15/09/2017 96,013,082 8.19 MYR 171,000,000 Malaysia Government 3.314% 31/10/2017 56,091,858 4.78 MYR 140,000,000 Malaysia Government 3.58% 28/09/2018 46,402,629 3.96 MYR 106,000,000 Malaysia Government 4.378% 29/11/2019 36,724,147 3.13 Philippines 26,444,782 2.25 PHP 240,000,000 Philippine Government 3.9% 26/11/2022 6,076,957 0.51 PHP 300,000,000 Philippine Government 6.25% 14/01/2036 8,824,565 0.75 USD 9,500,000 Philippine Government 5% 13/01/2037 11,543,260 0.99 Singapore 44,451,497 3.79 SGD 50,000,000 Singapore Government 2.25% 01/06/2021 44,451,497 3.79 Thailand 120,028,122 10.24 THB 450,000,000 Thailand Government 3.625% 22/05/2015 14,949,106 1.27 THB 2,500,000,000 Thailand Government 3.125% 11/12/2015 82,142,122 7.01 THB 550,000,000 Thailand Government 1.2% 14/07/2021 18,998,859 1.62

USD 3,800,000 Thailand Government RegS 3.875% 27/09/2022 3,938,035 0.34

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 512,167,012 43.68 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 18,097,200 1.54 180,000 Schroder ISF - RMB Fixed Income Class I Acc 18,097,200 1.54

총 개방형 간접투자기구 18,097,200 1.54 총 투자자산 988,027,845 84.27 기타 순자산 184,372,640 15.73 순자산가치 1,172,400,485 100.00

슈로더 이머징 유럽 채권 앱솔루트 리턴 펀드 (Emerging Europe Debt Absolute Return) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Czech Republic 8,613,540 13.53 CZK 91,330,000 Czech Republic 2.8% 16/09/2013 3,700,786 5.81 CZK 121,550,000 Czech Republic 3.7% 16/06/2013 4,912,754 7.72 Germany 4,547,988 7.14 EUR 1,600,000 Germany (Bund) 4.25% 04/07/2014 1,702,504 2.67 EUR 2,845,000 Germany (Bund) 4.5% 04/01/2013 2,845,484 4.47 Greece 3,576,320 5.62 EUR 1,160,000 Hellenic Republic step coupon 24/02/2023 573,411 0.90 EUR 870,500 Hellenic Republic step coupon 24/02/2024 404,182 0.64 EUR 1,416,800 Hellenic Republic step coupon 24/02/2025 639,905 1.00 EUR 1,339,300 Hellenic Republic step coupon 24/02/2026 602,223 0.95 EUR 1,201,000 Hellenic Republic step coupon 24/02/2027 537,772 0.84 EUR 643,000 Hellenic Republic step coupon 24/02/2028 270,590 0.42 EUR 936,500 Hellenic Republic step coupon 24/02/2029 373,022 0.59 EUR 443,000 Hellenic Republic step coupon 24/02/2030 175,215 0.28 Hungary 8,163,639 12.82 HUF 61,000,000 Hungary Government 6% 24/11/2023 207,564 0.33 HUF 232,000,000 Hungary Government 6.5% 24/06/2019 818,722 1.29 HUF 459,000,000 Hungary Government 6.75% 24/02/2017 1,624,215 2.55 HUF 887,250,000 Hungary Government 7% 24/06/2022 3,230,412 5.07 HUF 611,000,000 Hungary Government 7.5% 12/11/2020 2,282,726 3.58 Jersey 498,250 0.78 EUR 700,000 Magnolia Finance variable perpetual 498,250 0.78 Poland 10,878,928 17.09 PLN 10,350,000 Poland Government 5% 24/10/2013 2,572,482 4.04 PLN 14,900,000 Poland Government 5.25% 25/04/2013 3,670,009 5.77 PLN 18,330,000 Poland Government 5.75% 25/04/2014 4,636,437 7.28 공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 36,278,665 56.98 주식수 또는 원금


시가 EUR

% 순자산

France 22,901,357 35.97 EUR 1,000,000 France Treasury Bill BTF 0% 10/01/2013 1,000,171 1.57 EUR 5,000,000 France Treasury Bill BTF 0% 24/01/2013 5,000,243 7.85 EUR 4,500,000 France Treasury Bill BTF 0% 07/02/2013 4,500,000 7.07 EUR 2,800,000 France Treasury Bill BTF 0% 04/04/2013 2,800,232 4.40 EUR 2,300,000 France Treasury Bill BTF 0% 18/04/2013 2,300,088 3.61 EUR 4,500,000 France Treasury Bill BTF 0% 02/05/2013 4,500,585 7.07 EUR 2,800,000 France Treasury Bill BTF 0% 16/05/2013 2,800,038 4.40 Supranational 731,837 1.15

EUR 732,166 European Financial Stability Facility 0% 17/06/2013 731,837 1.15

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 23,633,194 37.12 주식수 또는 원금


시가 EUR

% 순자산

Serbia 155,099 0.24 RSD 18,450,000 Serbia Government 10% 06/12/2015 155,099 0.24 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 155,099 0.24 총 투자자산 60,066,958 94.34 기타 순자산 3,606,493 5.66 순자산가치 63,673,451 100.00

슈로더 이머징 마켓 채권 앱솔루트 리턴 펀드 (Emerging Markets Debt Absolute Return) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

China 14,005,066 0.35

EUR 2,600,000 Peoples's Republic of China 4.25% 28/10/2014 3,670,899 0.09

HKD 64,900,000 Soho China 3.75% 02/07/2014 10,334,167 0.26 Czech Republic 202,756,989 5.01 CZK 2,097,690,000 Czech Republic 2.8% 16/09/2013 112,316,360 2.78 CZK 1,693,450,000 Czech Republic 3.7% 16/06/2013 90,440,629 2.23 Greece 261,504,776 6.47 EUR 72,100,000 Hellenic Republic step coupon 24/02/2023 47,093,893 1.16 EUR 115,246,250 Hellenic Republic step coupon 24/02/2024 70,705,954 1.75 EUR 71,354,200 Hellenic Republic step coupon 24/02/2025 42,584,103 1.05 EUR 82,870,450 Hellenic Republic step coupon 24/02/2026 49,237,985 1.23 EUR 68,909,000 Hellenic Republic step coupon 24/02/2027 40,771,068 1.01 EUR 19,983,000 Hellenic Republic step coupon 24/02/2028 11,111,773 0.27 Hong Kong SAR 22,476,094 0.56

USD 14,800,000 China Overseas Finance Investment Cayman 0% 14/05/2014 22,476,094 0.56

Hungary 176,540,007 4.36 HUF 1,767,500,000 Hungary Government 6% 24/11/2023 7,946,974 0.20 HUF 5,380,000,000 Hungary Government 6.5% 24/06/2019 25,087,196 0.62 HUF 9,212,500,000 Hungary Government 6.75% 24/02/2017 43,075,434 1.06 HUF 17,479,820,000 Hungary Government 7% 24/06/2022 84,094,971 2.08 HUF 3,309,000,000 Hungary Government 7.5% 12/11/2020 16,335,432 0.40 India 31,400,208 0.78 USD 30,500,000 Vedanta Resources Jersey 5.5% 13/07/2016 31,400,208 0.78 Indonesia 98,826,315 2.44 IDR 39,000,000,000 Indonesia Government 9% 15/09/2013 4,112,372 0.10 IDR 189,580,000,000 Indonesia Government 11% 15/10/2014 21,520,436 0.53 IDR 446,960,000,000 Indonesia Government 12.5% 15/03/2013 46,419,180 1.15

IDR 250,962,000,000 Indonesia Recapitalization Bond 14.25% 15/06/2013 26,774,327 0.66

Jersey 19,751,008 0.49 EUR 21,000,000 Magnolia Finance variable perpetual 19,751,008 0.49 Malaysia 4,521,202 0.11 USD 3,800,000 YTL Corp Finance Labuan 1.875% 18/03/2015 4,521,202 0.11 Mexico 479,583,852 11.86 MXN 529,500,000 Mexican Bonos 7.75% 14/12/2017 45,478,495 1.12 MXN 340,700,000 Mexican Bonos 8% 19/12/2013 27,095,979 0.67 MXN 1,050,000,000 Mexico Cetes 0% 07/02/2013 80,482,136 1.99 MXN 1,050,000,000 Mexico Cetes 0% 07/03/2013 80,202,401 1.98 MXN 1,200,000,000 Mexico Cetes 0% 04/04/2013 91,356,556 2.27 MXN 92,000,000 Mexico Cetes 0% 13/06/2013 69,423,430 1.72 MXN 100,000,000 Mexico Cetes 0% 19/09/2013 7,455,177 0.18 MXN 105,700,000 Mexico Cetes 0% 14/11/2013 78,089,678 1.93 Poland 258,193,739 6.38 PLN 205,000,000 Poland Government 5% 24/10/2013 67,326,644 1.66 PLN 485,750,000 Poland Government 5.75% 25/04/2014 162,351,321 4.01 EUR 21,500,000 Poland Government EMTN 4.5% 05/02/2013 28,515,774 0.71 Singapore 30,630,741 0.76 SGD 23,500,000 CapitaLand RegS 2.875% 03/09/2016 20,722,841 0.52 USD 10,000,000 Golden Agri-Resources 2.5% 04/10/2017 9,907,900 0.24 South Korea 204,835,828 5.06 KRW 60,000,000,000 Korea Treasury Bond 3% 10/12/2013 56,438,013 1.40 KRW 33,000,000,000 Korea Treasury Bond 3.75% 10/06/2013 31,108,041 0.77 KRW 28,496,000,000 Korea Treasury Bond 5.25% 10/09/2015 28,366,621 0.69 KRW 55,576,000,000 Korea Treasury Bond 5.5% 10/09/2017 57,901,566 1.43 USD 9,300,000 SK Hynix 2.65% 14/05/2015 9,988,572 0.25 USD 18,795,000 SK Telecom 1.75% 07/04/2014 21,033,015 0.52 Taiwan 11,818,620 0.29 USD 1,000,000 Hon Hai Precision Industry 0% 12/10/2013 1,033,830 0.03 USD 9,000,000 TPK RegS 0% 01/10/2017 10,784,790 0.26 Vietnam 83,426,791 2.07 VND 490,000,000,000 Vietnam Government 10.8% 15/04/2017 24,693,743 0.61 VND 250,000,000,000 Vietnam Government 9.5% 15/06/2017 11,986,265 0.30 VND 50,000,000,000 Vietnam Government 9.8% 15/07/2017 2,410,389 0.06 VND 120,000,000,000 Vietnam Government 11.35% 27/02/2017 6,152,493 0.15 VND 230,000,000,000 Vietnam Government 12.15% 16/01/2017 11,973,575 0.30 VND 100,000,000,000 Vietnam Government 12.3% 04/07/2016 5,194,338 0.13 VND 300,000,000,000 Vietnam Government 12.5% 25/07/2016 15,677,303 0.39 VND 100,000,000,000 Vietnam Government 13.2% 09/05/2016 5,338,685 0.13 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,900,271,236 46.99 주식수 또는 원금


시가 USD

% 순자산

Hong Kong SAR 19,882,119 0.49 USD 18,340,000 Hong Kong Exchanges and Clearing 0.5% 19,882,119 0.49

23/10/2017 Malaysia 264,084,101 6.53 MYR 300,000,000 Malaysia Government 3.21% 31/05/2013 98,166,612 2.43 MYR 170,000,000 Malaysia Government 3.461% 31/07/2013 55,724,088 1.38 MYR 118,000,000 Malaysia Government 3.702% 25/02/2013 38,622,889 0.95 MYR 206,580,000 Malaysia Government 4.378% 29/11/2019 71,570,512 1.77 Mexico 44,429,068 1.10 EUR 19,500,000 United Mexican States 5.375% 10/06/2013 26,379,118 0.65

USD 18,000,000 United Mexican States MTN 6.375% 16/01/2013 18,049,950 0.45

Supranational 70,264,718 1.74

EUR 53,200,001 European Financial Stability Facility 0% 17/06/2013 70,264,718 1.74

Singapore 342,641,538 8.46 SGD 207,011,000 Singapore Government 1.625% 01/04/2013 170,154,040 4.20 SGD 208,448,000 Singapore Government 2.25% 01/07/2013 172,487,498 4.26 South Africa 171,261,166 4.23 ZAR 420,000,000 South Africa Government 10.5% 21/12/2026 63,476,683 1.56 ZAR 294,000,000 South Africa Government 6.75% 31/03/2021 35,505,447 0.88 ZAR 373,750,000 South Africa Government 7% 28/02/2031 40,863,648 1.01 ZAR 260,000,000 South Africa Government 7.5% 15/01/2014 31,415,388 0.78 Thailand 183,596,386 4.54 THB 908,500,000 Bank of Thailand FRN 15/02/2014 29,983,678 0.74 THB 2,218,000,000 Thailand Government 1.2% 14/07/2021 76,617,218 1.90 THB 2,355,570,000 Thailand Government FRN 26/11/2014 76,995,490 1.90 United States of America 895,872,335 22.15 USD 57,200,000 US Treasury Bill 0% 14/02/2013 57,190,686 1.41 USD 180,000,000 US Treasury Bill 0% 28/03/2013 179,943,553 4.45 USD 39,000,000 US Treasury Bill 0% 04/04/2013 38,986,733 0.96 USD 120,000,000 US Treasury Bill 0% 11/04/2013 119,951,295 2.97 USD 160,000,000 US Treasury Bill 0% 11/04/2013 159,937,276 3.95 USD 200,000,000 US Treasury Bill 0% 18/04/2013 199,919,162 4.95 USD 40,000,000 US Treasury Bill 0% 25/04/2013 39,982,978 0.99 USD 100,000,000 US Treasury Bill 0% 30/05/2013 99,960,652 2.47 Vietnam 9,206,526 0.23 VND 200,000,000,000 Vietnam Government 9.5% 31/05/2022 9,206,526 0.23 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 2,001,237,957 49.47 주식수 또는 원금


시가 USD

% 순자산

Serbia 5,117,436 0.13 RSD 460,700,000 Serbia Government 10% 06/12/2015 5,117,436 0.13 Vietnam 7,142,274 0.17 VND 150,000,000,000 Vietnam Government 9.4% 15/05/2017 7,142,274 0.17 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 12,259,710 0.30 총 투자자산 3,913,768,903 96.76 기타 순자산 130,911,180 3.24 순자산가치 4,044,680,083 100.00

슈로더 유로 본드 펀드 (EURO Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 36,534,547 5.70 EUR 3,260,000 Barry Callebaut Services 5.375% 15/06/2021 3,698,861 0.58 EUR 13,450,000 Belgium Government 3.5% 28/06/2017 15,086,004 2.35 EUR 11,050,000 Belgium Government 4.25% 28/09/2022 13,182,009 2.06

EUR 4,100,000 KBC Internationale Financieringsmaatschappij EMTN 4.5% 27/03/2017 4,567,673 0.71

Denmark 770,004 0.12 EUR 700,000 TDC EMTN 3.75% 02/03/2022 770,004 0.12 France 76,583,941 11.96

EUR 1,600,000 BNP Paribas Home Loan SFH EMTN 3.125% 22/03/2022 1,774,130 0.28

EUR 2,000,000 Caisse d'Amortissement de la Dette Sociale 4% 15/12/2025 2,365,976 0.37

EUR 8,300,000 Caisse d'Amortissement de la Dette Sociale EMTN 3.625% 25/04/2016 9,166,831 1.43

EUR 5,540,000 Caisse Refinancement de l'Habitat EMTN 4% 10/01/2022 6,547,901 1.02

EUR 200,000 Casino Guichard Perrachon EMTN 3.157% 06/08/2019 209,309 0.03

EUR 3,450,000 Compagnie de Financement Foncier EMTN 4.25% 19/01/2022 4,067,973 0.64


EUR 2,950,000 Credit Agricole Home Loan EMTN 4.5% 29/01/2016 3,292,921 0.51

EUR 3,300,000 France Government Bond OAT 3% 25/04/2022 3,616,698 0.56 EUR 16,600,000 France Government Bond OAT 3.25% 25/10/2021 18,616,975 2.91 EUR 6,800,000 France Government Bond OAT 4.5% 25/04/2041 8,779,069 1.37 EUR 5,900,000 France Government Bond OAT 5.5% 25/04/2029 8,195,867 1.28 EUR 1,450,000 Rexel 8.25% 15/12/2016 1,594,007 0.25 EUR 3,950,000 Société Générale EMTN 3.375% 16/04/2018 4,419,351 0.69 EUR 1,700,000 Société Générale EMTN 4.125% 15/02/2022 2,018,134 0.32 Germany 95,640,835 14.93 EUR 19,000,000 Bundesobligation 0.75% 24/02/2017 19,390,279 3.03 EUR 2,300,000 Commerzbank EMTN 7.75% 16/03/2021 2,477,527 0.39

EUR 1,500,000 EnBW Energie Baden-Wuerttemberg EMTN variable 02/04/2072 1,679,581 0.26

EUR 9,000,000 FMS Wertmanagement AoR EMTN 1.625% 22/02/2017 9,387,261 1.46

EUR 8,500,000 Germany (Bund) 1.75% 04/07/2022 8,828,364 1.38 EUR 7,820,000 Germany (Bund) 4.75% 04/07/2028 10,852,146 1.69 EUR 2,400,000 Germany (Bund) 4.75% 04/07/2034 3,511,332 0.55 EUR 4,130,000 Germany (Bund) 4.75% 04/07/2040 6,385,589 1.00 EUR 1,500,000 Germany (Bund) 6.25% 04/01/2024 2,238,783 0.35

EUR 4,200,000 Hannover Finance Luxembourg variable 14/09/2040 4,845,404 0.76

EUR 650,000 HeidelbergCement Finance 6.5% 03/08/2015 717,064 0.11 EUR 4,000,000 KFW EMTN 1.75% 04/08/2014 4,105,616 0.64 EUR 5,500,000 KFW EMTN 2.5% 17/01/2022 6,021,483 0.94 EUR 900,000 KFW EMTN 4.625% 04/01/2023 1,154,138 0.18

EUR 8,000,000 Landwirtschaftliche Rentenbank EMTN 1.875% 11/05/2020 8,426,500 1.31


Ireland 8,349,966 1.30 EUR 1,800,000 Bord Gais Eireann EMTN 3.625% 04/12/2017 1,900,395 0.30 EUR 1,200,000 ESB Finance 4.375% 21/11/2019 1,271,068 0.19 EUR 5,000,000 Ireland (Republic of) 5%18/10/2020 5,178,503 0.81 Italy 93,091,600 14.53 EUR 1,600,000 Assicurazioni Generali EMTN variable 12/12/2042 1,704,000 0.27 EUR 2,300,000 FGA Capital Ireland EMTN 4.375% 18/09/2014 2,371,864 0.37 EUR 20,000,000 Italy Buoni Poliennali Del Tesoro 2.5% 01/03/2015 20,150,220 3.15 EUR 3,010,000 Italy Buoni Poliennali Del Tesoro 3.75% 01/03/2021 2,962,373 0.46 EUR 19,900,000 Italy Buoni Poliennali Del Tesoro 4% 01/02/2017 20,711,900 3.23 EUR 5,500,000 Italy Buoni Poliennali Del Tesoro 4.5% 01/03/2026 5,438,430 0.85 EUR 9,140,000 Italy Buoni Poliennali Del Tesoro 5% 01/09/2040 9,156,502 1.43 EUR 19,500,000 Italy Buoni Poliennali Del Tesoro 5.5% 01/09/2022 21,163,643 3.30 EUR 4,800,000 Lottomatica 5.375% 05/12/2016 5,288,921 0.83 EUR 2,200,000 Snam EMTN 5.25% 19/09/2022 2,522,563 0.39

EUR 1,600,000 Wind Acquisition Finance RegS 7.375% 15/02/2018 1,621,184 0.25

Netherlands 40,133,187 6.27 USD 1,300,000 ABN Amro Bank EMTN variable13/09/2022 1,049,162 0.16

GBP 1,600,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN 5.25% 14/09/2027 2,081,898 0.33

EUR 3,750,000 ING Bank EMTN 2% 28/08/2020 3,871,988 0.61 EUR 1,800,000 ING Bank EMTN 4.5% 21/02/2022 2,097,471 0.33 EUR 9,800,000 Netherlands Government 2.25% 15/07/2022 10,456,179 1.63

EUR 15,000,000 Netherlands Government 4.5% 15/07/2017 17,740,463 2.77 EUR 2,625,000 TenneT variable perpetual 2,836,026 0.44 New Zealand 7,236,161 1.13

EUR 6,600,000 BNZ International Funding EMTN 3.125% 23/11/2017 7,236,161 1.13

Norway 16,059,623 2.51 EUR 6,200,000 DNB Bank EMTN 3.875% 29/06/2020 7,094,062 1.11 EUR 5,775,000 Sparebank 1 Boligkreditt EMTN 4% 03/02/2021 6,809,181 1.06

EUR 2,050,000 Sparebanken Vest Boligkreditt EMTN 2.125% 07/04/2017 2,156,380 0.34

Portugal 3,806,671 0.59 EUR 3,700,000 Banco Espirito Santo EMTN 5.875% 09/11/2015 3,806,671 0.59 Spain 66,061,396 10.31

EUR 7,500,000 Fondo de Reestructuracion Ordenada Bancaria 5.5% 12/07/2016 7,834,335 1.22

EUR 2,500,000 Gas Natural Capital Markets EMTN 6% 27/01/2020 2,859,021 0.45

EUR 8,500,000 Instituto de Credito Oficial EMTN 4.875% 30/07/2017 8,646,782 1.35

EUR 2,000,000 Instituto de Credito Oficial RegS 6% 08/03/2021 2,063,433 0.32

EUR 1,700,000 Mapfre 5.125% 16/11/2015 1,786,564 0.28

EUR 2,700,000 Repsol International Finance EMTN 4.375% 20/02/2018 2,905,806 0.45

EUR 10,000,000 Spain Government 3.15% 31/01/2016 9,925,635 1.55 EUR 9,200,000 Spain Government 4.25% 31/10/2016 9,345,102 1.46 EUR 3,000,000 Spain Government 4.7% 30/07/2041 2,565,246 0.40 EUR 7,500,000 Spain Government 5.5% 30/07/2017 7,951,777 1.24 EUR 1,900,000 Spain Government 5.5% 30/04/2021 1,948,931 0.30 EUR 4,450,000 Spain Government 5.85% 31/01/2022 4,641,334 0.73 EUR 3,500,000 Spain Government 5.9% 30/07/2026 3,587,430 0.56 Supranational 16,219,486 2.53

EUR 8,000,000 European Financial Stability Facility EMTN 1.625% 15/09/2017 8,305,372 1.30

EUR 7,750,000 European Investment Bank EMTN 2.125% 15/01/2014 7,914,114 1.23

Sweden 13,360,583 2.10

EUR 6,000,000 Skandinaviska Enskilda Banken EMTN 4.125% 07/04/2021 7,214,478 1.13

EUR 3,100,000 Swedbank EMTN 3.375% 09/02/2017 3,372,069 0.53 EUR 2,500,000 TeliaSonera EMTN 3.625% 14/02/2024 2,774,036 0.44 Switzerland 10,567,205 1.65

EUR 1,950,000 Credit Suisse Guernsey EMTN 2.875% 18/10/2018 2,158,299 0.34

EUR 1,040,000 Sunrise Communications International RegS 7% 31/12/2017 1,135,680 0.18

EUR 6,200,000 UBS/London 3.875% 02/12/2019 7,273,226 1.13 United Kingdom 22,355,068 3.49 EUR 1,720,000 Barclays Bank RegS 6.625% 30/03/2022 2,035,518 0.32

EUR 2,000,000 Coventry Building Society EMTN 2.25% 04/12/2017 2,041,350 0.32

GBP 2,000,000 Heathrow Finance RegS 5.375% 02/09/2019 2,480,307 0.39 EUR 2,100,000 Ineos Finance RegS 9.25% 15/05/2015 2,265,133 0.35

EUR 2,370,000 Nationwide Building Society EMTN 6.75% 22/07/2020 2,782,426 0.43

EUR 3,640,000 Royal Bank of Scotland EMTN 6.934% 09/04/2018 4,118,736 0.64

EUR 2,450,000 SSE EMTN variable perpetual 2,543,171 0.40 EUR 1,600,000 SSE variable perpetual 1,700,420 0.27 GBP 535,000 Virgin Media Finance 8.875% 15/10/2019 747,244 0.12 GBP 1,200,000 William Hill EMTN 7.125% 11/11/2016 1,640,763 0.25 United States of America 5,496,704 0.86 USD 6,250,000 Bank of America MTNL 5.65% 01/05/2018 5,496,704 0.86 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 512,266,977 79.98 주식수 또는 원금


시가 EUR

% 순자산

Austria 20,140,429 3.14 EUR 10,400,000 Austria Government 4% 15/09/2016 11,795,233 1.84 EUR 7,200,000 Austria Government EMTN 3.5% 15/09/2021 8,345,196 1.30 China 1,730,109 0.27 USD 2,300,000 COSL Finance RegS 3.25% 06/09/2022 1,730,109 0.27 Germany 2,687,694 0.42 EUR 2,492,000 Henkel KGaA variable 25/11/2104 2,687,694 0.42 France 28,081,925 4.38 EUR 26,700,000 French Treasury Note BTAN 1.75% 25/02/2017 28,081,925 4.38 Italy 1,757,307 0.27 EUR 1,700,000 Lottomatica RegS 3.5% 05/03/2020 1,757,307 0.27 Netherlands 4,517,878 0.71 EUR 1,740,000 ASML 5.75% 13/06/2017 2,030,754 0.32

USD 2,424,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 144A variable perpetual 2,487,124 0.39

Portugal 16,033,692 2.50

EUR 16,511,111 Portugal Obrigacoes do Tesouro 4.35% 16/10/2017 16,033,692 2.50

Supranational 1,572,489 0.25 EUR 1,250,000 European Investment Bank 4% 15/10/2037 1,572,489 0.25 Switzerland 3,604,986 0.56 USD 1,300,000 Swiss Re Capital I 144A variable perpetual 1,032,005 0.16 EUR 2,500,000 Swiss Reinsurance via ELM variable perpetual 2,572,981 0.40 United Kingdom 231,216 0.04 USD 268,000 Virgin Media Finance 8.375% 15/10/2019 231,216 0.04 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 80,357,725 12.54 주식수 또는 원금


시가 USD

% 순자산

United Kingdom 2,866,475 0.45 GBP 2,300,000 Virgin Media Finance 5.125% 15/02/2022 2,866,475 0.45 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 2,866,475 0.45 총 투자자산 595,491,177 92.97 기타 순자산 45,019,531 7.03 순자산가치 640,510,708 100.00

슈로더 유로 단기 채권 펀드 (EURO Short Term Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 31,119,206 5.75 EUR 15,000,000 Belgium Government 3.75% 28/09/2015 16,446,765 3.04 EUR 14,000,000 Belgium Government 4% 28/03/2014 14,672,441 2.71 Denmark 6,070,897 1.12 EUR 5,650,000 Carlsberg Breweries EMTN 6% 28/05/2014 6,070,897 1.12 Finland 7,416,871 1.37 EUR 7,000,000 Sampo Bank EMTN 2.625% 02/12/2015 7,416,871 1.37 France 81,473,492 15.04

EUR 950,000 BNP Paribas Public Sector SCF EMTN 2.25% 22/10/2015 996,511 0.18

EUR 1,500,000 Caisse Centrale du Credit Immobilier de France 3.75% 22/01/2015 1,529,269 0.28

GBP 3,000,000 Caisse d'Amortissement de la Dette Sociale EMTN FRN 30/06/2014 3,682,259 0.68

EUR 5,000,000 Casino Guichard Perrachon EMTN 5.5% 30/01/2015 5,444,657 1.01

EUR 4,900,000 Crédit Agricole/London FRN 14/01/2015 4,896,545 0.90

EUR 42,300,000 France Government Bond OAT 3% 25/10/2015 45,636,603 8.43

EUR 18,000,000 France Government Bond OAT 4% 25/10/2014 19,287,648 3.56

Germany 53,930,796 9.96

EUR 5,500,000 Deutsche Telekom International Finance EMTN 5.75% 14/04/2015 6,097,663 1.13

EUR 8,000,000 Erste Abwicklungsanstalt EMTN 1.125% 30/09/2015 8,169,496 1.51

EUR 13,000,000 Erste Abwicklungsanstalt EMTN FRN 15/08/2016 13,056,940 2.41

EUR 13,000,000 FMS Wertmanagement AoeR EMTN 1.625% 22/02/2017 13,559,377 2.50

EUR 13,000,000 FMS Wertmanagement AoeR EMTN FRN 02/02/2015 13,047,320 2.41

Italy 115,321,889 21.29

EUR 8,000,000 Italy Buoni Poliennali Del Tesoro 2.25% 01/11/2013 8,062,400 1.49




Luxembourg 6,161,894 1.14

EUR 5,810,000 SES Global Americas EMTN 4.875% 09/07/2014 6,161,894 1.14

Netherlands 31,280,094 5.78 EUR 1,000,000 ABN Amro Bank EMTN FRN 01/08/2014 1,007,280 0.19 EUR 13,000,000 Netherlands Government 0.75% 15/04/2015 13,203,151 2.44 EUR 12,200,000 Netherlands Government 2.75% 15/01/2015 12,869,085 2.38 EUR 4,000,000 TenneT EMTN 3.25% 09/02/2015 4,200,578 0.77 Spain 71,349,579 13.17

EUR 2,200,000 Santander International Debt 4.375% 04/09/2014 2,253,872 0.41

EUR 27,500,000 Spain Government 3.25% 30/04/2016 27,250,630 5.03 EUR 17,000,000 Spain Government 4.25% 31/01/2014 17,311,168 3.20 EUR 23,800,000 Spain Government 4.75% 30/07/2014 24,533,909 4.53 Sweden 2,863,154 0.53 EUR 2,800,000 Nordea Bank EMTN variable 10/09/2018 2,863,154 0.53 Switzerland 3,726,581 0.69 EUR 3,500,000 Zurich Finance USA EMTN 4.5% 17/09/2014 3,726,581 0.69

United Kingdom 35,851,164 6.61


EUR 500,000 Hammerson 4.875% 19/06/2015 543,993 0.10

EUR 5,350,000 Imperial Tobacco Finance EMTN 7.25% 15/09/2014 5,916,054 1.09

EUR 1,950,000 National Grid Electricity Transmission EMTN 6.625% 28/01/2014 2,073,338 0.38

EUR 3,500,000 National Grid EMTN 6.5% 22/04/2014 3,759,018 0.69 EUR 7,400,000 Nationwide Building Society 3.75% 20/01/2015 7,831,235 1.45 USD 6,650,000 Standard Chartered RegS 3.85% 27/04/2015 5,320,161 0.98

United States of America 17,460,415 3.22 EUR 6,250,000 Bank of America 4% 23/03/2015 6,652,534 1.23 USD 5,000,000 Citigroup 6.01% 15/01/2015 4,137,915 0.76

EUR 6,250,000 JPMorgan Chase & Co. EMTN 6.125% 01/04/2014 6,669,966 1.23



시가 EUR

% 순자산

Belgium 2,465,528 0.46

USD 3,000,000 Anheuser-Busch InBev Worldwide 5.375% 15/11/2014 2,465,528 0.46

France 34,348,152 6.34 EUR 900,000 Carrefour Banque 2.875% 25/09/2015 937,448 0.17 EUR 9,000,000 France Treasury Note BTAN 2% 12/07/2015 9,419,643 1.74 EUR 23,400,000 France Treasury Note BTAN 2.5% 12/01/2014 23,991,061 4.43 Germany 10,994,786 2.03 EUR 4,750,000 Metro EMTN 7.625% 05/03/2015 5,380,943 0.99

USD 7,400,000 Norddeutsche Landesbank Girozentrale RegS 0.875% 16/10/2015 5,613,843 1.04

Spain 1,012,297 0.19

EUR 1,000,000 Santander International Debt EMTN 3.5% 10/03/2015 1,012,297 0.19




USD 3,000,000 Credit Suisse/Guernsey RegS 2.6% 27/05/2016 2,397,280 0.44

United Kingdom 6,192,476 1.14 USD 7,715,000 HSBC Bank 144A 3.5% 28/06/2015 6,192,476 1.14 United States of America 1,851,419 0.34 USD 2,238,000 COX Communications 5.45% 15/12/2014 1,851,419 0.34 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 67,492,138 12.46 총 투자자산 531,518,170 98.13 기타 순자산 10,112,124 1.87 순자산가치 541,630,294 100.00

슈로더 유로 국채 펀드 (EURO Government Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Belgium 30,069,801 8.32 EUR 9,430,000 Belgium Government 3.5% 28/06/2017 10,577,027 2.93 EUR 8,270,000 Belgium Government 4% 28/03/2017 9,426,138 2.61 EUR 3,600,000 Belgium Government 4.25% 28/09/2014 3,859,891 1.07 EUR 3,350,000 Belgium Government 4.25% 28/09/2022 3,996,356 1.10 EUR 1,800,000 Belgium Government 4.25% 28/03/2041 2,210,389 0.61 Finland 4,677,002 1.29 EUR 2,780,000 Finland Government 2.75% 04/07/2028 3,066,433 0.85 EUR 700,000 Finland Government 3.125% 15/09/2014 736,793 0.20 EUR 700,000 Finland Government 4% 04/07/2025 873,776 0.24 France 35,844,848 9.92 EUR 4,100,000 France Government Bond OAT 3% 25/04/2022 4,493,473 1.24 EUR 13,020,000 France Government Bond OAT 3.75% 25/04/2021 15,153,672 4.19 EUR 1,160,000 France Government Bond OAT 4% 25/04/2055 1,389,781 0.39 EUR 5,950,000 France Government Bond OAT 4.5% 25/04/2041 7,681,685 2.13 EUR 5,130,000 France Government Bond OAT 5.5% 25/04/2029 7,126,237 1.97 Germany 50,940,545 14.09 EUR 7,000,000 Bundesobligation 0.75% 24/02/2017 7,143,787 1.98 EUR 1,880,000 Bundesobligation 1.25% 14/10/2016 1,955,847 0.54 EUR 1,600,000 Bundesschatzanweisungen 1.75% 14/06/2013 1,604,280 0.44 EUR 4,100,000 Germany (Bund) 1.5% 04/09/2022 4,157,045 1.15 EUR 4,310,000 Germany (Bund) 2.5% 04/07/2044 4,631,287 1.28 EUR 4,622,000 Germany (Bund) 3.25% 04/01/2020 5,393,382 1.49 EUR 1,000 Germany (Bund) 3.75% 04/01/2017 1,142 - EUR 3,390,000 Germany (Bund) 4% 04/01/2037 4,594,825 1.27 EUR 1,200,000 Germany (Bund) 4.25% 04/07/2018 1,448,944 0.40 EUR 5,170,000 Germany (Bund) 4.75% 04/07/2028 7,174,629 1.99 EUR 2,450,000 Germany (Bund) 4.75% 04/07/2034 3,584,485 0.99 EUR 2,000,000 Germany (Bund) 5.5% 04/01/2031 3,056,926 0.85 EUR 4,150,000 Germany (Bund) 6.25% 04/01/2024 6,193,966 1.71 Ireland 4,935,189 1.37 EUR 4,900,000 Ireland Government 4.5% 18/04/2020 4,935,189 1.37 Italy 84,235,206 23.30 EUR 13,000,000 Italy Buoni Poliennali Del Tesoro 3% 01/04/2014 13,208,162 3.65 EUR 3,800,000 Italy Buoni Poliennali Del Tesoro 3% 15/06/2015 3,862,141 1.07 EUR 18,000,000 Italy Buoni Poliennali Del Tesoro 3% 01/11/2015 18,302,598 5.06 EUR 33,930,000 Italy Buoni Poliennali Del Tesoro 3.75% 01/03/2021 33,393,126 9.24 EUR 2,300,000 Italy Buoni Poliennali Del Tesoro 4% 01/02/2017 2,393,838 0.66 EUR 1,070,000 Italy Buoni Poliennali Del Tesoro 4% 01/02/2037 932,118 0.26 EUR 3,750,000 Italy Buoni Poliennali Del Tesoro 4.5% 01/03/2026 3,708,021 1.03 EUR 8,420,000 Italy Buoni Poliennali Del Tesoro 5% 01/09/2040 8,435,202 2.33 Luxembourg 1,074,435 0.30 EUR 1,000,000 Luxembourg Government 2.25% 21/03/2022 1,074,435 0.30 Netherlands 29,176,722 8.07 EUR 300,000 Netherlands Government 1% 15/01/2014 303,021 0.08 EUR 7,800,000 Netherlands Government 3.25% 15/07/2015 8,428,785 2.33 EUR 6,500,000 Netherlands Government 3.25% 15/07/2021 7,509,138 2.08 EUR 870,000 Netherlands Government 3.5% 15/07/2020 1,018,991 0.28 EUR 1,750,000 Netherlands Government 3.75% 15/01/2042 2,312,252 0.64 EUR 8,150,000 Netherlands Government 4% 15/07/2018 9,604,535 2.66 Spain 35,080,648 9.71 EUR 15,950,000 Spain Government 3.25% 30/04/2016 15,805,365 4.37 EUR 1,550,000 Spain Government 4.6% 30/07/2019 1,552,698 0.43 EUR 3,400,000 Spain Government 4.7% 30/07/2041 2,907,279 0.81 EUR 8,495,000 Spain Government 5.5% 30/04/2021 8,713,776 2.41 EUR 5,850,000 Spain Government 5.85% 31/01/2022 6,101,530 1.69 Sweden 5,688,855 1.57 EUR 5,632,000 Sweden Government EMTN 0.625% 20/02/2015 5,688,855 1.57 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 281,723,251 77.94 주식수 또는 원금


시가 EUR

% 순자산

Austria 15,269,235 4.23 EUR 2,000,000 Austria Government 3.2% 20/02/2017 2,226,348 0.62 EUR 6,980,000 Austria Government 3.65% 20/04/2022 8,174,599 2.26 EUR 4,150,000 Austria Government 4.3% 15/09/2017 4,868,288 1.35 Canada 4,751,262 1.31

EUR 3,994,000 Canada Government International Bond 3.5% 13/01/2020 4,751,262 1.31

France 46,834,438 12.96 EUR 18,600,000 French Treasury Note BTAN 1% 25/07/2017 18,925,584 5.24 EUR 15,300,000 French Treasury Note BTAN 2.25% 25/02/2016 16,261,796 4.50 EUR 11,100,000 French Treasury Note BTAN 2.5% 15/01/2015 11,647,058 3.22


슈로더 글로벌 채권 펀드 (Global Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 9,679,686 0.87 AUD 2,500,000 Australia Government 5.75% 15/07/2022 3,129,588 0.28 AUD 5,597,000 Australia Government 6% 15/02/2017 6,550,098 0.59 Belgium 7,762,779 0.70 EUR 3,075,000 Barry Callebaut Services 5.375% 15/06/2021 4,610,167 0.42 EUR 2,000,000 Belgium Government 4.25% 28/09/2022 3,152,612 0.28 Brazil 10,500,030 0.94 USD 8,700,000 Brazilian Government 4.875% 22/01/2021 10,500,030 0.94 Canada 5,822,774 0.52 USD 580,000 Talisman Energy 6.25% 01/02/2038 698,764 0.06

USD 4,915,000 Toronto-Dominion Bank 144A 2.2% 29/07/2015 5,124,010 0.46

Denmark 1,875,088 0.17 EUR 150,000 Danske Bank EMTN 4.5% 01/07/2016 223,173 0.02 EUR 1,184,903 DONG Energy variable 29/06/3005 1,651,915 0.15 Finland 2,703,175 0.24

EUR 270,000 Aktia Real Estate Mortgage Bank EMTN 3% 11/03/2015 374,349 0.03

EUR 500,000 Danske Bank EMTN 2.625% 02/12/2015 700,025 0.06 USD 1,545,000 Finland Government 144A 2.25% 17/03/2016 1,628,801 0.15 France 41,609,537 3.74

EUR 500,000 BNP Paribas Home LoanSFH EMTN 4.125% 15/01/2014 686,880 0.06

EUR 1,300,000 BNP Paribas Public Sector SCF EMTN 2.25% 22/10/2015 1,801,867 0.16

EUR 600,000 Caisse de Refinancement de l'Habitat 4% 25/04/2018 914,809 0.08



EUR 350,000 Compagnie de Financement Foncier EMTN 4.5% 16/05/2018 542,021 0.05

EUR 875,000 Compagnie de Financement Foncier EMTN 4.875% 25/05/2021 1,413,055 0.13

EUR 550,000 Credit Agricole Home Loan EMTN 4.5% 29/01/2016 811,228 0.07

EUR 15,000,000 France Government Bond OAT 3.75% 25/04/2021 23,068,497 2.07

EUR 300,000 SCOR variable perpetual 407,930 0.04

EUR 600,000 Société Générale SCF EMTN 3.375% 16/04/2018 887,021 0.08

EUR 350,000 Société Générale SCF EMTN 4% 07/07/2016 515,518 0.05

EUR 300,000 Société Générale SCF EMTN 4.125% 15/02/2022 470,591 0.04

USD 3,900,000 Société Générale variable perpetual 3,897,368 0.35 Germany 102,167,037 9.18 EUR 1,450,000 Bundesobligation 1.25% 14/10/2016 1,993,270 0.18 EUR 3,450,000 Bundesobligation 1.75% 09/10/2015 4,777,593 0.43 EUR 4,500,000 Bundesobligation 2% 26/02/2016 6,314,970 0.57 EUR 3,250,000 Bundesobligation 2.25% 11/04/2014 4,406,386 0.40 EUR 3,000,000 Bundesobligation 2.5% 27/02/2015 4,178,404 0.38 EUR 5,100,000 Bundesobligation 2.75% 08/04/2016 7,327,727 0.66 EUR 3,600,000 Commerzbank EMTN 7.75% 16/03/2021 5,124,059 0.46


EUR 6,000,000 FMS Wertmanagement AoR EMTN 1.875% 09/05/2019 8,319,414 0.75

EUR 950,000 Germany (Bund) 2.25% 04/09/2021 1,368,940 0.12 EUR 3,500,000 Germany (Bund) 2.5% 04/01/2021 5,151,643 0.46 EUR 970,000 Germany (Bund) 3% 04/07/2020 1,476,125 0.13 EUR 1,150,000 Germany (Bund) 3.25% 04/07/2015 1,645,085 0.15 EUR 2,610,000 Germany (Bund) 3.25% 04/07/2021 4,051,674 0.36 EUR 1,100,000 Germany (Bund) 3.5% 04/01/2016 1,607,971 0.14 EUR 2,950,000 Germany (Bund) 3.75% 04/01/2015 4,196,520 0.38 EUR 1,600,000 Germany (Bund) 4% 04/07/2016 2,403,343 0.22 EUR 850,000 Germany (Bund) 4% 04/01/2018 1,325,431 0.12 EUR 150,000 Germany (Bund) 4% 04/01/2037 268,647 0.02 EUR 2,860,000 Germany (Bund) 4.75% 04/07/2028 5,244,403 0.47 EUR 1,210,000 Germany (Bund) 4.75% 04/07/2034 2,339,199 0.21 EUR 2,395,000 Germany (Bund) 4.75% 04/07/2040 4,893,027 0.44 EUR 1,000,000 Germany (Bund) 6.25% 04/01/2024 1,972,159 0.18

EUR 2,944,000 Hannover Finance Luxembourg variable 26/02/2024 4,072,237 0.37

EUR 300,000 Hannover Finance Luxembourg variable 14/09/2040 457,323 0.04

EUR 290,000 HeidelbergCement Finance 8.5% 31/10/2019 479,711 0.04


EUR 383,000 Linde Finance variable 14/07/2066 594,026 0.05 GBP 1,300,000 RWE variable perpetual 2,300,747 0.21 EUR 600,000 Unitymedia Hessen RegS 5.75% 15/01/2023 827,918 0.07 Ireland 2,441,470 0.22 EUR 1,300,000 ESB Finance 4.375% 21/11/2019 1,819,500 0.16 GBP 350,000 ESB Finance EMTN 6.5% 05/03/2020 621,970 0.06 Israel 1,629,685 0.15 USD 1,560,000 Teva Pharmaceutical Finance 2.4% 10/11/2016 1,629,685 0.15 Italy 31,170,470 2.80

EUR 600,000 Assicurazioni Generali EMTN variable 12/12/2042 844,349 0.08

EUR 1,800,000 Edison EMTN 3.875% 10/11/2017 2,593,218 0.23

EUR 2,310,000 Italy Buoni Poliennali Del Tesoro 4% 01/02/2037 2,659,012 0.24

EUR 70,000 Italy Buoni Poliennali Del Tesoro 5% 01/09/2040 92,662 0.01


EUR 250,000 Lottomatica 5.375% 05/12/2016 363,988 0.03 EUR 250,000 Lottomatica 5.375% 02/02/2018 368,938 0.03 EUR 600,000 Rottapharm RegS 6.125% 15/11/2019 824,711 0.07

EUR 250,000 Wind Acquisition Finance RegS 7.375% 15/02/2018 334,714 0.03

Luxembourg 3,119,605 0.28 EUR 400,000 SES EMTN 4.625% 09/03/2020 618,237 0.06 EUR 1,600,000 SES EMTN 4.75% 11/03/2021 2,501,368 0.22 Mexico 3,553,462 0.32 USD 1,740,000 America Movil 2.375% 08/09/2016 1,809,435 0.16 MXN 20,913,000 Mexican Bonos 6.5% 10/06/2021 1,744,027 0.16 Netherlands 17,725,756 1.59 EUR 5,590,000 ABN Amro Bank EMTN 7.125% 06/07/2022 8,717,166 0.78 USD 950,000 ABN Amro Bank EMTN variable 13/09/2022 1,013,080 0.09

GBP 937,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN 5.25% 14/09/2027 1,611,017 0.14

EUR 1,650,000 Koninklijke KPN EMTN4.25% 01/03/2022 2,324,588 0.21 GBP 1,050,000 PostNL 7.5% 14/08/2018 2,063,292 0.19 EUR 500,000 SNS Bank EMTN 6.25% 26/10/2020 514,779 0.05 EUR 1,038,000 TenneT variable perpetual 1,481,834 0.13 New Zealand 1,086,542 0.10

EUR 750,000 BNZ International Funding EMTN 3.125% 23/11/2017 1,086,542 0.10

Norway 28,529,359 2.56 EUR 400,000 DNB Boligkreditt 3.375% 20/01/2017 584,581 0.05 EUR 700,000 DNB Boligkreditt EMTN 2.375% 31/08/2017 990,446 0.09 USD 5,340,000 Eksportfinans 2% 15/09/2015 5,133,102 0.46 NOK 100,000,000 Norway Government 4.25% 19/05/2017 20,070,309 1.80 EUR 400,000 Sparebank 1 Boligkreditt 3.25% 17/03/2017 582,430 0.05 EUR 750,000 Sparebank 1 Boligkreditt EMTN 4% 03/02/2021 1,168,491 0.11 Portugal 1,634,041 0.15 EUR 1,200,000 Caixa Geral de Depositos 5.625% 04/12/2015 1,634,041 0.15 Russia 6,522,482 0.59

USD 5,700,000 Sberbank of Russia Via SB Capital RegS 6.125% 07/02/2022 6,522,482 0.59

Spain 39,510,654 3.55

EUR 3,100,000 BBVA Senior Finance EMTN 3.625% 03/10/2014 4,142,651 0.37

EUR 1,700,000 BBVA Senior Finance GMTN 3.875% 06/08/2015 2,277,749 0.20


EUR 1,500,000 Mapfre 5.125% 16/11/2015 2,082,965 0.19 EUR 1,770,000 Nara Cable Funding RegS 8.875% 01/12/2018 2,368,697 0.21



EUR 3,750,000 Spain Government 3.25% 30/04/2016 4,910,167 0.44 EUR 8,454,000 Spain Government 5.85% 31/01/2022 11,651,081 1.05 Supranational 705,736 0.06

EUR 450,000 International Bank for Reconstruction & Development 3.875% 20/05/2019 705,736 0.06

Sweden 9,230,891 0.83 EUR 2,900,000 Nordea Bank variable 15/02/2022 4,150,277 0.37 EUR 300,000 Nordea Bank EMTN variable 15/02/2022 429,338 0.04

EUR 500,000 Skandinaviska Enskilda Banken EMTN 2.625% 16/10/2017 717,298 0.06

EUR 700,000 Skandinaviska Enskilda Banken EMTN 4.125% 07/04/2021 1,112,174 0.10

EUR 450,000 Stadshypotek 3% 01/10/2014 622,358 0.06 EUR 770,000 Swedbank Hypotek 3.625% 05/10/2016 1,130,624 0.10 EUR 760,000 Vattenfall variable perpetual 1,068,822 0.10 Switzerland 11,057,889 0.99

EUR 350,000 Cloverie for Zurich Insurance EMTN variable 24/07/2039 566,487 0.05


USD 5,300,000 UBS/Jersey EMTN variable 22/02/2022 5,610,819 0.51 EUR 1,100,000 UBS/London 3.875% 02/12/2019 1,705,098 0.15

EUR 350,000 Zurich Finance USA EMTN variable 02/10/2023 477,215 0.04

United Kingdom 111,707,012 10.04 GBP 200,000 ABP Finance EMTN 6.25% 14/12/2026 361,602 0.03 GBP 200,000 Barclays Bank EMTN 1% 21/05/2021 436,512 0.04

EUR 9,350,000 BAT International Finance EMTN 3.625% 09/11/2021 13,794,108 1.24

GBP 150,000 Coventry Building Society EMTN 4.625% 19/04/2018 277,534 0.03

GBP 1,290,000 Enterprise Inns EMTN 6.875% 15/02/2021 1,874,959 0.17 GBP 1,690,000 Friends Life Group 8.25% 21/04/2022 3,011,462 0.27 USD 690,000 Friends Life Group variable perpetual 735,423 0.07 EUR 400,000 Global Switch EMTN 5.5% 18/04/2018 600,697 0.06

GBP 150,000 Great Rolling Stock EMTN 6.25% 27/07/2020 291,313 0.03

EUR 348,000 Hammerson 4.875% 19/06/2015 500,292 0.04 GBP 820,000 Heathrow Funding EMTN 3% 08/06/2015 1,374,276 0.12 GBP 800,000 Heathrow Funding EMTN 6% 20/03/2020 1,456,132 0.13

EUR 1,000,000 Imperial Tobacco Finance EMTN 5% 02/12/2019 1,573,612 0.14

GBP 1,100,000 Imperial Tobacco Finance EMTN 9% 17/02/2022 2,532,235 0.23

GBP 1,000,000 InterContinental Hotels EMTN 3.875% 28/11/2022 1,644,901 0.15

GBP 400,000 InterContinental Hotels EMTN 6% 09/12/2016 732,903 0.07 GBP 150,000 Legal & General EMTN variable 23/07/2041 331,588 0.03 GBP 4,261,000 Lloyds TSB Bank 9.625% 06/04/2023 8,931,328 0.80 EUR 50,000 Lloyds TSB Bank EMTN 6.5% 24/03/2020 75,647 0.01 EUR 350,000 Lloyds TSB Bank variable perpetual 379,626 0.04 GBP 1,300,000 Marks & Spencer EMTN 4.75% 12/06/2025 2,140,549 0.19 GBP 900,000 Marks & Spencer EMTN 6.125% 02/12/2019 1,669,293 0.15 GBP 500,000 Next 5.375% 26/10/2021 930,232 0.08 GBP 671,000 Old Mutual EMTN 8% 03/06/2021 1,185,330 0.11

GBP 104,000 Porterbrook Rail Finance EMTN 5.5% 20/04/2019 192,095 0.02

GBP 579,000 Porterbrook Rail Finance EMTN 6.5% 20/10/2020 1,146,863 0.10

USD 1,900,000 Royal Bank of Scotland EMTN FRN 29/08/2017 1,662,500 0.15

GBP 2,000,000 RSA Insurance variable 20/05/2039 4,154,531 0.37 GBP 112,000 RSA Insurance variable perpetual 188,367 0.02 GBP 2,120,000 Segro 6.75% 23/11/2021 4,202,998 0.38 EUR 1,200,000 SSE variable perpetual 1,685,150 0.15 USD 2,250,000 Standard Chartered Bank variable perpetual 2,487,578 0.22

EUR 650,000 Thames Water Utilities Cayman Finance EMTN 3.25% 09/11/2016 930,778 0.08

EUR 250,000 Thames Water Utilities Cayman Finance EMTN 6.125% 04/02/2013 331,982 0.03

GBP 9,890,000 UK Treasury 4.25% 07/12/2040 19,531,663 1.76 GBP 1,125,000 UK Treasury 4.5% 07/03/2013 1,835,545 0.16 GBP 7,833,000 UK Treasury 4.75% 07/09/2015 14,169,346 1.27 GBP 4,249,000 UK Treasury 4.75% 07/03/2020 8,496,471 0.76 GBP 700,000 UK Treasury 4.75% 07/12/2030 1,484,927 0.13

EUR 300,000 United Utilities Water EMTN 4.25% 24/01/2020 456,415 0.04

GBP 150,000 Virgin Media Secured Finance 7% 15/01/2018 263,584 0.02

EUR 1,200,000 Viridian RegS 11.125% 01/04/2017 1,644,665 0.15 United States of America 61,384,921 5.52 USD 473,000 Altria 9.7% 10/11/2018 663,257 0.06 USD 4,300,000 AT&T 3% 15/02/2022 4,490,533 0.40 USD 385,000 AT&T 3.875% 15/08/2021 430,112 0.04 USD 880,000 Bank of America 6.1% 15/06/2017 1,015,106 0.09 USD 7,100,000 Bank of America 7.625% 01/06/2019 9,085,906 0.82 USD 1,700,000 Bank of America MTNL 5.65% 01/05/2018 1,975,570 0.18 USD 445,000 Boston Properties 3.7% 15/11/2018 485,328 0.04

USD 525,000 Caterpillar Financial Services MTN 1.375% 20/05/2014 531,127 0.05

USD 735,000 CSX 3.7% 30/10/2020 795,843 0.07 USD 535,000 CSX 4.75% 30/05/2042 572,300 0.05 USD 1,160,000 CSX 6.15% 01/05/2037 1,477,852 0.13 USD 276,000 CVS Caremark 5.75% 01/06/2017 328,461 0.03 USD 600,000 CVS Caremark 6.125% 15/09/2039 769,365 0.07 USD 410,000 Digital Realty Trust 5.25% 15/03/2021 455,627 0.04 USD 1,220,000 Dow Chemical 4.25% 15/11/2020 1,354,956 0.12 USD 1,150,000 Dr Pepper Snapple 3.2% 15/11/2021 1,196,113 0.11

USD 315,000 El Paso Pipeline Partners Operating 6.5% 01/04/2020 382,621 0.04

USD 340,000 Enterprise Products Operating 6.125% 15/10/2039 416,010 0.04

EUR 300,000 Goldman Sachs EMTN 5.125% 23/10/2019 459,603 0.04 USD 5,290,000 Hartford Financial Services 5.5% 30/03/2020 6,139,098 0.55 USD 2,000,000 JPMorgan Chase & Co. 4.25% 15/10/2020 2,228,300 0.20

EUR 250,000 JPMorgan Chase & Co. EMTN 3.875% 23/09/2020 377,041 0.03

USD 1,045,000 JPMorgan Chase Bank 6% 01/10/2017 1,237,437 0.11 USD 2,531,000 Kroger 7.5% 01/04/2031 3,312,307 0.30 USD 390,000 Lockheed Martin 3.35% 15/09/2021 413,429 0.04 USD 300,000 Lowe's 3.8% 15/11/2021 333,468 0.03 USD 4,745,000 Macy's Retail 3.875% 15/01/2022 5,077,506 0.46 USD 255,000 Macy's Retail 5.125% 15/01/2042 278,749 0.03 USD 1,810,000 Morgan Stanley 3.8% 29/04/2016 1,900,011 0.17 EUR 550,000 Morgan Stanley GMTN 5.375% 10/08/2020 827,969 0.07

USD 735,000 Municipal Electric Authority of Georgia 6.637% 01/04/2057 883,830 0.08

USD 590,000 Nordstrom 4.75% 01/05/2020 689,908 0.06 USD 130,000 Nordstrom 6.75% 01/06/2014 141,086 0.01 USD 1,400,000 Prudential Financial MTN 4.75% 17/09/2015 1,534,932 0.14 USD 1,000,000 Quicksilver Resources 8.25% 01/08/2015 926,200 0.08 USD 540,000 Valero Energy 4.5% 01/02/2015 577,446 0.05 USD 2,475,000 Verizon Communications 3.5% 01/11/2021 2,722,265 0.25 USD 2,735,000 Wal-Mart Stores 3.625% 08/07/2020 3,053,190 0.27 USD 1,100,000 Wells Fargo & Co. 5.625% 11/12/2017 1,313,741 0.12 USD 465,000 Willis 5.75% 15/03/2021 531,318 0.05 Venezuela 2,906,912 0.27

USD 2,960,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 2,906,912 0.27



시가 USD

% 순자산

Canada 52,845,267 4.75 USD 2,095,000 Bank of Montreal 144A 2.625% 25/01/2016 2,221,905 0.20 USD 3,860,000 Bank of Montreal 144A 2.85% 09/06/2015 4,079,248 0.37 USD 6,190,000 Bank of Nova Scotia 144A 1.45% 26/07/2013 6,231,783 0.56 CAD 8,200,000 Canadian Government 2.75% 01/06/2022 8,918,741 0.80 CAD 5,614,000 Canadian Government 3% 01/12/2015 5,922,456 0.53 CAD 6,441,000 Canadian Government 3.5% 01/06/2020 7,316,436 0.66 CAD 2,741,000 Canadian Government 5% 01/06/2037 4,082,181 0.37

USD 2,285,000 Canadian Imperial Bank of Commerce 144A 0.9% 19/09/2014 2,304,194 0.21


USD 2,740,000 National Bank of Canada 144A 2.2% 19/10/2016 2,880,905 0.26

USD 1,065,000 Province of New Brunswick 2.75% 15/06/2018 1,150,637 0.10 USD 1,530,000 Province of Ontario Canada 2.3% 10/05/2016 1,610,723 0.14 USD 290,000 Province of Quebec 2.75% 25/08/2021 303,398 0.03

USD 1,350,000 Royal Bank of Canada 144A 3.125% 14/04/2015 1,428,435 0.13

China 1,789,119 0.16 USD 1,800,000 COSL Finance RegS 3.25% 06/09/2022 1,789,119 0.16 Denmark 1,476,561 0.13 USD 1,395,000 Danske Bank 144A 3.875% 14/04/2016 1,476,561 0.13 Germany 4,009,680 0.36


Italy 1,724,692 0.15 EUR 600,000 Lottomatica RegS 3.5% 05/03/2020 819,542 0.07


Japan 162,329,541 14.59

JPY 2,500,000,000 Japan Government Ten Year Bond 0.8% 20/09/2022 29,075,185 2.61

JPY 267,700,000 Japan Government Ten Year Bond 1.2% 20/12/2020 3,255,786 0.29

JPY 1,982,600,000 Japan Government Ten Year Bond 1.2% 24,086,479 2.16

20/06/2021

JPY 2,646,000,000 Japan Government Ten Year Bond 1.8% 20/03/2016 32,289,344 2.90

JPY 249,650,000 Japan Government Thirty Year Bond 1.1% 20/03/2033 2,568,711 0.23

JPY 900,000,000 Japan Government Thirty Year Bond 1.9% 20/09/2042 10,292,128 0.93

JPY 1,088,950,000 Japan Government Thirty Year Bond 2.3% 20/05/2030 13,969,709 1.26

JPY 1,280,000,000 Japan Government Twenty Year Bond 2.1% 20/09/2024 16,661,373 1.50

JPY 282,800,000 Japan Government Twenty Year Bond 2.1% 20/12/2030 3,511,746 0.32

JPY 2,300,000,000 Japan Government Two Year Bond 0.1% 15/12/2014 26,619,080 2.39

Malaysia 2,229,721 0.20 MYR 2,915,000 Malaysia Government Bond 3.741% 27/02/2015 967,362 0.09 USD 1,200,000 SSG Resources 4.25% 04/10/2022 1,262,359 0.11 Mexico 3,114,210 0.28 USD 2,750,000 Petroleos Mexicanos 4.875% 24/01/2022 3,114,210 0.28 South Africa 1,073,166 0.10 ZAR 8,264,000 South Africa Government 8.25% 15/09/2017 1,073,166 0.10 Spain 2,273,934 0.20


Sweden 486,916 0.04 USD 485,000 Swedbank Hypotek 144A FRN 28/03/2014 486,916 0.04 Switzerland 1,946,693 0.17 USD 1,900,000 UBS/London 144A 1.875% 23/01/2015 1,946,693 0.17 Thailand 1,453,153 0.14 THB 43,743,000 Thailand Government 3.625% 22/05/2015 1,453,153 0.14 United States of America 355,365,847 31.95

USD 172,939 Accredited Mortgage Loan Trus 2004-3 2A5 FRN 25/10/2034 161,682 0.02

USD 237,334 Accredited Mortgage Loan Trust 2005-1 A2C FRN 25/04/2035 230,530 0.02


USD 300,888 American Credit Acceptance Receivables Trust 2012-2 A 1.89% 15/07/2016 302,193 0.03

USD 1,130,000 Americold Trust 2010-ARTA A2FX 4.954% 14/01/2029 1,306,996 0.13

USD 235,000 AmeriCredit Automobile Receivables Trust 2012-4 B 1.31% 08/11/2017 235,367 0.02

USD 275,000 AmeriCredit Automobile Receivables Trust 2012-5 B 1.12% 08/11/2017 275,010 0.03

USD 30,953 Banc of America Mortgage 2003-6 Trust 1A38 0% 25/08/2033 30,459 -

USD 325,000 Banc of America Re-Remic Trust 2012-CLRN A FRN 15/08/2029 327,794 0.03

USD 490,000 BB-UBS Trust 2012-SHOW B 3.882% 05/11/2036 503,278 0.05

USD 428,750 BCAP Trust 2012-RR4 9A5 FRN 26/11/2036 403,783 0.04

USD 158,189 Bear Stearns Asset Backed Securities Trust 2005-HE8 M1 FRN 25/08/2035 154,356 0.01

USD 810,000 CNH Equipment Trust 2012-C A4 0.87% 16/09/2019 810,322 0.08

USD 29,349 Credit-Based Asset Servicing and Securitization 2003-CB4 AF1 step coupon 25/03/2031 28,575 0.01

USD 1,175,000 Digital Realty Trust 5.875% 01/02/2020 1,346,785 0.12

GBP 1,400,000 DIRECTV/DIRECTV Financing 4.375% 14/09/2029 2,279,151 0.21

USD 965,000 DIRECTV/DIRECTV Financing 6.375% 01/03/2041 1,126,589 0.10

USD 141,608 DT Auto Owner Trust 2012-1A A 1.05% 15/01/2015 141,686 0.01

USD 250,000 DT Auto Owner Trust 2012-2A D 4.35% 15/03/2019 253,551 0.03

USD 808,763 FHLMC (Gold) Pool N° A92650 5.5% 01/06/2040 892,298 0.08

USD 1,325,508 FHLMC (Gold) Pool N° A95780 4.5% 01/12/2040 1,452,241 0.13

USD 16,464 FHLMC (Gold) Pool N° C00690 6% 01/12/2028 18,277 -

USD 125,302 FHLMC (Gold) Pool N° E01378 5% 01/05/2018 134,221 0.01

USD 1,176,523 FHLMC (Gold) Pool N° G01810 5.5% 01/05/2035 1,277,200 0.12

USD 313,671 FHLMC (Gold) Pool N° J16699 3.5% 01/09/2026 332,940 0.03

USD 1,268,039 FHLMC (Gold) Pool N° J16735 3.5% 01/09/2026 1,345,934 0.12

USD 2,226,481 FHLMC (Gold) Pool N° T61421 3.5% 01/11/2042 2,314,275 0.21

USD 1,098,430 FHLMC (Gold) Pool N° T61422 3.5% 01/11/2042 1,141,744 0.10

USD 24,017 FHLMC REMICS 2646 SH FRN 15/07/2033 25,516 0.00 USD 2,215,000 FHLMC REMICS 4141 PI 3% 15/12/2042 329,526 0.03

USD 1,372,941 FHLMC REMICS 3752 IO variable 15/06/2015 43,020 -

USD 466,959 FHLMC REMICS 3762 SB FRN 15/05/2025 64,926 0.01 USD 916,656 FHLMC REMICS 3767 DS FRN 15/02/2039 152,017 0.01 USD 3,755,755 FHLMC REMICS 3792 DS FRN 15/11/2040 535,699 0.05 USD 2,761,448 FHLMC REMICS 3792 SP FRN 15/06/2039 338,964 0.03 USD 71,794 FHLMC REMICS 3828 SD FRN 15/02/2041 72,091 0.01 USD 990,000 FHLMC REMICS 3829 PE 4.5% 15/03/2041 1,123,642 0.10 USD 337,896 FHLMC REMICS 3946 SL FRN 15/04/2041 81,225 0.01 USD 620,259 FHLMC REMICS 3955 SB FRN 15/02/2041 135,900 0.01 USD 822,577 FHLMC REMICS 4058 PS FRN 15/12/2041 137,384 0.01 USD 1,870,828 FNMA - Aces 2011-M8 SA FRN 25/08/2021 606,968 0.05 USD 660,424 FNMA Interest Strip 339 24 5% 01/07/2018 49,844 - USD 866,841 FNMA Interest Strip 339 25 5% 01/07/2018 65,834 0.01 USD 478,974 FNMA Interest Strip 339 26 5% 01/07/2018 36,306 - USD 887,567 FNMA Pool N° 256233 6% 01/05/2036 969,390 0.09 USD 34,283 FNMA Pool N° 486203 6% 01/02/2029 38,300 - USD 28,877 FNMA Pool N° 535126 6% 01/12/2028 31,971 - USD 238,847 FNMA Pool N° 735897 5.5% 01/10/2035 260,974 0.02 USD 985,263 FNMA Pool N° 882618 FRN 01/09/2036 1,071,657 0.10 USD 2,832,380 FNMA Pool N° 990906 5.5% 01/10/2035 3,098,318 0.28 USD 1,295,343 FNMA Pool N° AB3730 4% 01/10/2041 1,345,298 0.12 USD 8,040,421 FNMA Pool N° AB6478 2.5% 01/10/2027 8,407,265 0.76 USD 1,147,566 FNMA Pool N° AD1065 4% 01/03/2025 1,228,102 0.11 USD 457,316 FNMA Pool N° AE7345 3.5% 01/11/2025 489,196 0.04 USD 280,614 FNMA Pool N° AH3997 4.5% 01/03/2041 307,786 0.03 USD 2,393,972 FNMA Pool N° AH5806 3.5% 01/02/2026 2,576,568 0.23 USD 441,200 FNMA Pool N° AI0483 4.5% 01/09/2041 478,683 0.04 USD 381,133 FNMA Pool N° AI5450 4.5% 01/07/2041 413,513 0.04 USD 810,859 FNMA Pool N° AI8050 4.5% 01/10/2041 879,747 0.08 USD 820,224 FNMA Pool N° AJ0047 4.5% 01/10/2041 904,108 0.08 USD 674,885 FNMA Pool N° AP3271 3.5% 01/08/2042 721,427 0.07 USD 9,824 FNMA Pool N° AP5199 2.5% 01/09/2027 10,278 - USD 152,174 FNMA Pool N° AP5322 2.5% 01/08/2027 159,212 0.01 USD 127,863 FNMA Pool N° AP5440 2.5% 01/09/2027 133,777 0.01 USD 24,641 FNMA Pool N° AP7519 2.5% 01/09/2027 25,780 - USD 15,761,335 FNMA Pool N° AP9785 2.5% 01/10/2027 16,480,446 1.48 USD 162,564 FNMA REMICS 2008-2 PC 5% 25/07/2037 178,069 0.02 USD 1,036,241 FNMA REMICS 2009-76 HI 5.5% 25/01/2019 82,783 0.01 USD 557,198 FNMA REMICS 2010-105 QI FRN 25/07/2039 114,937 0.01 USD 2,051,423 FNMA REMICS 2010-140 GS FRN 25/07/2039 306,877 0.03 USD 511,921 FNMA REMICS 2011-127 AI 5.5% 25/12/2026 40,513 - USD 139,927 FNMA REMICS 2011-24 SB FRN 25/04/2041 141,059 0.01 USD 546,159 FNMA REMICS 2012-111 HS FRN 25/10/2042 524,658 0.05 USD 943,129 FNMA REMICS 2012-128 HS FRN 25/11/2042 927,554 0.08 USD 215,000 FNMA REMICS 2012-137 US FRN 25/12/2042 212,101 0.02 USD 692,234 FNMA REMICS 2012-2 PS FRN 25/07/2041 142,496 0.01 USD 295,767 FNMA REMICS 2012-35 CZ 4% 25/04/2042 297,386 0.03 USD 1,788,106 FNMA REMICS 2012-75 SH FRN 25/11/2041 361,618 0.03 USD 234,670 FNMA REMICS 2012-80 NF FRN 25/08/2042 234,827 0.02 USD 120,237 FNMA REMICS 2012-93 SH FRN 25/09/2042 121,527 0.01 USD 8,550,000 FNMA TBA 2.5% 25/01/2042 8,712,984 0.78 USD 5,610,000 FNMA TBA 4% 25/01/2042 6,009,713 0.54

USD 170,000 FREMF Mortgage Trust 2012-K18 B variable 25/01/2045 175,621 0.02




USD 1,215,000 FREMF Mortgage Trust 2012-KF01 B FRN 25/10/2044 1,222,023 0.11

USD 54,189 GNMA 2009-106 PI 4.5% 20/11/2032 2,176 - USD 294,168 GNMA 2010-41 MI 4.5% 20/06/2033 14,120 - USD 1,495,000 GNMA 2010-84 PH 4.5% 20/11/2038 1,703,875 0.15 USD 894,261 GNMA 2011-35 MI 4.5% 16/12/2037 59,527 0.01 USD 1,565,137 GNMA 2011-71 WI 4.5% 20/06/2039 159,053 0.01 USD 6,770,044 GNMA 2012-107 IO variable 16/12/2053 458,704 0.04 USD 3,945,641 GNMA 2012-53 IO variable 16/03/2047 299,541 0.03 USD 670,789 GNMA 2012-65 A 3.5% 20/03/2036 717,983 0.06

USD 471,419 GNMA 2012-7 A 3.5% 20/04/2036 499,253 0.05 USD 3,098,783 GNMA 2012-70 IO variable 16/08/2052 211,777 0.02 USD 12,755,000 GNMA I TBA 3% 15/01/2042 13,552,188 1.22 USD 49,465,000 GNMA II TBA 3% 15/01/2042 52,572,020 4.72 USD 758,991 GNMA II Pool N° 3515 5.5% 20/02/2034 843,875 0.08 USD 415,595 GNMA II Pool N° 742254 5% 20/05/2030 458,543 0.04 USD 117,931 GNMA II Pool N° 754366 4% 20/03/2042 128,456 0.01 USD 148,261 GNMA II Pool N° 754367 4.5% 20/07/2041 163,420 0.01 USD 327,681 GNMA II Pool N° 82895 FRN 20/07/2041 350,087 0.03

USD 430,461 Impac CMB Trust 2005-2 2A2 FRN 25/10/2035 409,405 0.04

USD 475,952 Impac Secured Assets CMN Trust 2006-2 2A1 FRN 25/08/2036 473,973 0.04

USD 393,117 Impac Secured Assets Trust 2006-1 2A1 FRN 25/05/2036 388,190 0.04



USD 1,285,000 Kraft Foods 144A 5.375% 10/02/2020 1,547,673 0.14 USD 1,170,000 Mondelez 5.375% 10/02/2020 1,417,841 0.13

USD 1,009,164 Morgan Stanley Capital I 2003-T11 A4 5.15% 13/06/2041 1,022,894 0.09

USD 403,816 Opteum Mortgage Acceptance 2005-3 APT FRN 25/07/2035 385,854 0.03

USD 118,959 Park Place Securities 2005-WHQ4 A2D FRN 25/09/2035 114,471 0.01

USD 133,124 RAMP Trust 2005-RZ4 A2 FRN 25/11/2035 131,656 0.01

USD 116,283 Saxon Asset Securities Trust 2005-4 A2C FRN 25/11/2037 115,382 0.01

USD 540,000 Sparebank 1 Boligkreditt 144A 1.25% 25/10/2013 543,483 0.05

USD 347,431 Thornburg Mortgage Securities Trust 2007-4 1A1 FRN 25/09/2037 336,141 0.03

USD 385,000 US Treasury 0.25% 30/11/2014 385,045 0.03 USD 1,825,000 US Treasury 0.375% 15/11/2015 1,826,640 0.16 USD 10,195,000 US Treasury 0.875% 31/12/2016 10,332,792 0.93 USD 9,325,000 US Treasury 1% 31/10/2016 9,499,844 0.85 USD 12,300,000 US Treasury 1.625% 15/08/2022 12,239,461 1.10 USD 21,000,000 US Treasury 1.875% 30/04/2014 21,463,066 1.93 USD 13,960,000 US Treasury 2.125% 15/08/2021 14,696,172 1.32 USD 6,710,000 US Treasury 3.75% 15/08/2041 7,929,333 0.71 USD 6,790,000 US Treasury 4.375% 15/05/2041 8,893,309 0.80 USD 20,250,000 US Treasury 4.75% 15/05/2014 21,502,573 1.93 USD 40,000,000 US Treasury Bill 0% 28/02/2013 39,991,182 3.59 USD 17,000,000 US Treasury Bill 0% 07/03/2013 16,997,303 1.53 USD 25,000,000 US Treasury Bill 0% 21/03/2013 24,997,500 2.25

USD 238,721 Wells Fargo Mortgage Backed Securities Trust 2006-16 A5 5% 25/11/2036 246,488 0.02

USD 280,000 Xstrata Canada Financial 144A 4.95% 15/11/2021 302,291 0.03



시가 USD

% 순자산

United Kingdom 3,128,925 0.28 GBP 1,900,000 Virgin Media Finance 5.125% 15/02/2022 3,128,925 0.28 United States Of America 2,278,240 0.20

USD 370,000 American Credit Acceptance Receivables Trust 2012-3 A 1.64% 15/11/2016 370,000 0.03


USD 5,661,871 GNMA 2010-91 SI FRN 20/07/2040 972,852 0.09 USD 799,134 GNMA 2012-132 IO variable 16/06/2054 65,491 0.00 USD 6,571,349 GNMA 2012-135 IO variable 16/01/2053 561,430 0.05 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 5,407,165 0.48 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 5,595,720 0.50 51,000 Schroder ISF Emerging Market Bond Class I Acc 5,595,720 0.50

총 개방형 간접투자기구 5,595,720 0.50 총 투자자산 1,119,158,378 100.58 기타 순부채 (6,413,574) (0.58) 순자산가치 1,112,744,804 100.00

슈로더 글로벌 인플레이션 연계 채권 펀드 (Global Inflation Linked Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Australia 10,617,160 1.77 AUD 9,830,000 Australia Government 3% 20/09/2025 10,617,160 1.77 France 57,272,636 9.55







EUR 2,000,000 French Treasury Note BTAN 0.45% 25/07/2016 2,225,163 0.37

Germany 15,338,401 2.56

EUR 7,700,000 Bundesobligation Inflation Linked 2.25% 15/04/2013 8,675,820 1.45

EUR 5,100,000 Deutsche Bundesrepublik Inflation Linked 0.1% 15/04/2023 5,509,432 0.92

EUR 740,000 Deutsche Bundesrepublik Inflation Linked 1.5% 15/04/2016 927,654 0.15

EUR 175,000 Deutsche Bundesrepublik Inflation Linked 1.75% 15/04/2020 225,495 0.04

Israel 18,886,185 3.15 ILS 80,000,000 Israel Government 2.75% 30/09/2022 18,886,185 3.15 Italy 41,278,970 6.88







Mexico 14,538,422 2.42 MXN 28,500,000 Mexican Udibonos 3.5% 14/12/2017 9,007,124 1.50 MXN 14,813,200 Mexican Udibonos 4% 15/11/2040 5,531,298 0.92 Sweden 16,108,263 2.69 SEK 28,000,000 Sweden Government 0.5% 01/06/2017 3,480,184 0.58 SEK 105,000,000 Sweden Government 0.25% 01/06/2022 12,628,079 2.11 United Kingdom 139,701,660 23.31 GBP 1,750,000 UK Treasury 0.25% 22/03/2052 2,237,258 0.37 GBP 2,400,000 UK Treasury 0.125% 22/03/2029 3,188,071 0.53 GBP 3,140,000 UK Treasury 0.375% 22/03/2062 4,468,784 0.76 GBP 4,200,000 UK Treasury 0.5% 22/03/2050 6,670,317 1.11 GBP 5,550,000 UK Treasury 0.625% 22/11/2042 9,110,058 1.52 GBP 4,100,000 UK Treasury 0.75% 22/03/2034 6,160,065 1.03 GBP 10,000,000 UK Treasury 1.25% 22/11/2017 17,753,268 2.96 GBP 7,065,000 UK Treasury 1.25% 22/11/2027 13,606,366 2.27 GBP 7,070,000 UK Treasury 1.25% 22/11/2032 12,471,670 2.08 GBP 8,849,000 UK Treasury 1.25% 22/11/2055 20,264,636 3.38 GBP 14,250,000 UK Treasury 1.875% 22/11/2022 26,719,289 4.46 GBP 6,410,000 UK Treasury 2% 26/01/2035 15,849,392 2.64 GBP 350,000 UK Treasury 2.5% 16/08/2013 1,202,486 0.20 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 313,741,697 52.33 주식수 또는 원금


시가 EUR

% 순자산

Canada 28,688,571 4.78 CAD 5,085,000 Canadian Government 4% 01/12/2031 8,938,229 1.49 CAD 12,535,000 Canadian Government 4.25% 01/12/2021 19,750,342 3.29 United States of America 239,197,980 39.89

USD 44,000,000 US Treasury Inflation Indexed Bonds 0.125% 15/04/2016 36,742,422 6.13





USD 22,995,000 US Treasury Inflation Indexed Bonds 2% 15/01/2016 22,492,555 3.75









슈로더 홍콩 달러 채권 펀드 (Hong Kong Dollar Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 HKD

% 순자산

Australia 16,150,240 0.25

HKD 5,000,000 Commonwealth Bank of Australia EMTN 2.18% 11/01/2013 5,001,760 0.08

HKD 10,000,000 Westpac Banking EMTN 4.08% 10/12/2019 11,148,480 0.17 Hong Kong SAR 22,186,252 0.35 HKD 22,000,000 Swire Pacific MTN Financing 4.93% 28/03/2013 22,186,252 0.35 Singapore 35,977,900 0.56 HKD 35,000,000 CMT MTN EMTN 3.76% 28/06/2022 35,977,900 0.56 South Korea 41,258,023 0.65

HKD 3,000,000 Export-Import Bank of Korea EMTN 2% 14/02/2014 3,024,723 0.05

HKD 30,000,000 Korea Gas EMTN 2.5% 20/06/2017 29,940,900 0.47

HKD 8,000,000 Korea Water Resources EMTN 4.45% 11/08/2014 8,292,400 0.13

United Kingdom 16,129,755 0.25 HKD 15,000,000 BP Capital Markets EMTN 3.66% 16/06/2016 16,129,755 0.25 United States of America 20,165,580 0.31 HKD 20,000,000 General Electric Capital 3.853% 06/05/2013 20,165,580 0.31 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 151,867,750 2.37 주식수 또는 원금


시가 HKD

% 순자산

Australia 5,523,740 0.09 HKD 5,000,000 Telstra EMTN 4.02% 10/07/2020 5,523,740 0.09 Cayman Islands 90,001,633 1.40 HKD 20,000,000 MTR 1.68% 15/03/2017 20,285,812 0.32 HKD 30,000,000 MTR 1.9% 25/10/2020 29,756,240 0.46 HKD 40,000,000 MTR 2.25% 12/10/2022 39,959,581 0.62 China 381,896,497 5.94 HKD 7,500,000 Agricultural Bank of China 1.9% 04/02/2013 7,506,750 0.12 HKD 10,000,000 Bank of China/Hong Kong 1.5% 02/04/2013 9,996,503 0.16 HKD 10,000,000 Bank of China/Hong Kong 1.5% 22/02/2013 10,007,080 0.16 HKD 18,000,000 Bank of China/Hong Kong 1.7% 19/03/2013 18,048,600 0.28 HKD 10,000,000 Bank of China/Hong Kong 1.77% 30/06/2014 10,025,000 0.16 HKD 25,000,000 Bank of China/Hong Kong 3.75% 27/07/2020 26,641,850 0.41 HKD 25,000,000 Bank of Communications 2% 27/01/2013 25,021,200 0.39 HKD 10,000,000 China Construction Bank 2.03% 08/02/2013 10,007,864 0.16 HKD 15,000,000 China Development Bank 1.85% 08/02/2013 15,016,380 0.23 HKD 15,000,000 China Development Bank 2.7% 25/01/2016 15,511,160 0.24 HKD 5,000,000 China Development Bank 3.91% 18/05/2020 5,368,035 0.08

HKD 30,000,000 China Development Bank/Hong Kong 1.4% 07/03/2014 29,842,767 0.46


HKD 15,000,000 China Development Bank/Hong Kong 3% 21/02/2018 14,979,503 0.23



HKD 29,000,000 China Development Bank/Hong Kong FRN 11/12/2013 28,997,100 0.45

HKD 10,000,000 CK Bond Finance 3.48% 22/04/2013 10,068,620 0.16

HKD 15,000,000 CLP Power Hong Kong Financing 2.83% 20/09/2022 14,881,257 0.23


HKD 35,000,000 DBS Bank Hong Kong 3.86% 20/01/2020 38,228,112 0.60 HKD 13,000,000 Wharf Finance 4.35% 17/01/2022 13,630,149 0.21 France 5,069,110 0.08 HKD 5,000,000 BNP Paribas EMTN 2.95% 09/08/2017 5,069,110 0.08 Germany 30,252,120 0.47 HKD 30,000,000 BMW Finance EMTN 1.8% 25/11/2014 30,252,120 0.47 Hong Kong SAR 4,402,974,181 68.60

HKD 6,500,000 Agricultural Bank of China HK 1.9% 04/02/2013 6,505,850 0.10

HKD 15,000,000 Airport Authority Hong Kong MTN 1.75% 28/07/2016 15,278,565 0.24

HKD 20,000,000 Airport Authority Hong Kong MTN 2.25% 05/09/2022 20,037,540 0.31

HKD 8,000,000 Bank of East Asia 2.24% 20/08/2015 8,135,200 0.13 HKD 10,000,000 Cheung Kong 4.35% 20/01/20 10,902,960 0.17



HKD 9,000,000 CLP Power Hong Kong Financing EMTN 4.75% 18/01/2016 9,894,699 0.15

HKD 5,000,000 CLP Power Hong Kong Financing MTN 4.2% 08/06/2015 5,339,990 0.08

HKD 10,000,000 CLP Power Hong Kong Financing MTN 5% 30/09/2013 10,289,070 0.16

HKD 10,000,000 HKCG Finance 3.3% MTN 16/05/2022 10,237,230 0.16 HKD 10,000,000 HKCG Finance 3.55% 13/12/2023 10,288,839 0.16 HKD 5,000,000 HKCG Finance 3.9% 03/06/2019 5,517,210 0.09 HKD 20,000,000 HKCG Finance EMTN 3.2% 27/07/2022 20,274,500 0.32 HKD 10,000,000 HKCG Finance EMTN 3.6% 02/11/2026 10,114,000 0.16 HKD 30,000,000 HLP Finance EMTN 3.7% 07/09/2022 29,888,100 0.47 HKD 50,000,000 Hong Kong Government 0.17% 18/08/2014 50,061,300 0.78 HKD 110,000,000 Hong Kong Government 0.23% 19/05/2014 110,215,050 1.72 HKD 35,000,000 Hong Kong Government 0.38% 10/03/2014 35,090,720 0.55 HKD 130,000,000 Hong Kong Government 0.44% 19/06/2017 130,907,270 2.04 HKD 25,000,000 Hong Kong Government 0.79% 19/09/2016 25,530,700 0.40 HKD 25,000,000 Hong Kong Government 0.82% 19/12/2016 25,558,775 0.40 HKD 135,000,000 Hong Kong Government 0.97% 08/12/2016 138,175,065 2.15 HKD 35,000,000 Hong Kong Government 1.43% 02/12/2015 36,183,875 0.56 HKD 40,000,000 Hong Kong Government 1.57% 13/06/2016 41,905,240 0.65 HKD 80,000,000 Hong Kong Government 1.61% 10/12/2018 85,807,920 1.34 HKD 100,000,000 Hong Kong Government 1.67% 19/12/2013 101,538,900 1.58 HKD 112,000,000 Hong Kong Government 1.67% 24/03/2014 114,180,304 1.78 HKD 20,000,000 Hong Kong Government 1.69% 29/09/2014 20,557,160 0.32 HKD 63,000,000 Hong Kong Government 1.91% 21/03/2016 66,581,550 1.04 HKD 3,000,000 Hong Kong Government 2.03% 18/03/2013 3,012,399 0.05 HKD 105,000,000 Hong Kong Government 2.46% 04/08/2021 118,455,015 1.84 HKD 100,000,000 Hong Kong Government 2.54% 25/09/2013 101,807,900 1.59 HKD 30,000,000 Hong Kong Government 2.93% 13/01/2020 34,602,840 0.54 HKD 220,000,000 Hong Kong Government FRN 22/06/2015 233,255,000 3.63 HKD 125,000,000 Hong Kong Government FRN 28/07/2014 129,203,125 2.01 HKD 25,000,000 Hong Kong Mortgage 0,7% 17/01/2013 25,003,225 0.39 HKD 10,000,000 Hong Kong Mortgage 1.32% 31/03/2014 10,089,740 0.16 HKD 10,000,000 Hong Kong Mortgage 1.32% 31/03/2014 10,089,740 0.16 HKD 5,000,000 Hong Kong Mortgage 1.85% 11/08/2016 5,137,879 0.08 HKD 30,000,000 Hong Kong Mortgage 2% 11/01/2016 30,970,860 0.48 HKD 10,000,000 Hong Kong Mortgage MTN 5.2% 16/07/2018 12,077,600 0.19 HKD 100,000,000 Hong Kong Treasury Bill 0% 06/02/2013 99,996,111 1.56 HKD 100,000,000 Hong Kong Treasury Bill 0% 06/03/2013 99,996,095 1.56 HKD 100,000,000 Hong Kong Treasury Bill 0% 06/03/2013 99,990,647 1.56 HKD 250,000,000 Hong Kong Treasury Bill 0% 13/03/2013 249,985,281 3.89 HKD 100,000,000 Hong Kong Treasury Bill 0% 14/02/2013 99,994,664 1.56 HKD 100,000,000 Hong Kong Treasury Bill 0% 16/01/2013 99,993,666 1.56 HKD 150,000,000 Hong Kong Treasury Bill 0% 20/03/2013 149,989,469 2.34 HKD 100,000,000 Hong Kong Treasury Bill 0% 23/01/2013 99,993,969 1.56 HKD 350,000,000 Hong Kong Treasury Bill 0% 23/01/2013 349,981,604 5.45 HKD 200,000,000 Hong Kong Treasury Bill 0% 27/02/2013 199,979,526 3.11 HKD 150,000,000 Hong Kong Treasury Bill 0% 27/03/2013 149,986,817 2.34 HKD 100,000,000 Hong Kong Treasury Bill 0% 29/05/2013 99,969,542 1.56 HKD 300,000,000 Hong Kong Treasury Bill 0% 30/01/2013 299,989,388 4.67 HKD 12,000,000 Hongkong Electric Finance 4.15% 13/05/2015 12,815,088 0.20 HKD 15,000,000 Hongkong Land Notes EMTN 3.95% 08/06/2020 16,143,750 0.25 HKD 20,000,000 Hongkong Land Notes EMTN 4% 15/02/2027 20,735,560 0.32 HKD 20,000,000 Hongkong Land Notes EMTN 4.04% 05/04/2027 20,672,180 0.32 HKD 10,000,000 Hongkong Land Notes GMTN 4.28% 20/12/2021 11,038,310 0.17

HKD 10,000,000 Industrial & Commercial Bank of China Asia 2.22% 26/04/2017 9,991,913 0.15

HKD 5,000,000 Industrial & Commercial Bank of China Asia EMTN 2.92% 06/04/2016 5,186,625 0.08

HKD 5,000,000 Kowloon Canton Railway 2.8% 02/02/2015 5,183,450 0.08

HKD 1,500,000 Kowloon Canton Railway MTN 3.64% 24/07/2019 1,669,995 0.03

HKD 15,000,000 Kowloon Canton Railway MTN 4.65% 10/06/2013 15,247,215 0.24

HKD 5,000,000 Sun Hung Kai Properties 2.04% 15/01/2013 5,001,910 0.08 HKD 10,000,000 Sun Hung Kai Properties 3.3% 28/04/2017 10,368,861 0.16

HKD 20,000,000 Sun Hung Kai Properties Capital Market 3.25% 05/12/2022 19,731,062 0.31

HKD 12,000,000 Sun Hung Kai Properties Capital Market 4.05% 24/02/2021 12,819,384 0.20

HKD 20,000,000 Sun Hung Kai Properties Capital Market EMTN 3.25% 05/12/2022 19,897,520 0.31


HKD 6,000,000 Swire Pacific MTN Financing 3.9% 05/11/2030 6,093,045 0.09 HKD 4,000,000 Swire Pacific MTN Financing 4.2% 18/12/2018 4,387,940 0.07

HKD 6,000,000 Swire Pacific MTN Financing 4.2% 18/12/2018 6,581,910 0.10

HKD 10,000,000 Urban Renewal Authority MTN 1.45% 05/05/2014 10,086,570 0.16



HKD 15,000,000 Wharf Finance EMTN 3% 11/10/2018 14,870,475 0.23 HKD 15,000,000 Wharf Finance EMTN 3.1% 03/10/2018 14,878,587 0.23 HKD 20,000,000 Wharf Finance EMTN 3.8% 14/09/2022 19,981,240 0.31 HKD 8,000,000 Wharf Finance EMTN 4.3% 16/11/2021 8,364,424 0.13 Malaysia 43,941,777 0.69 HKD 30,000,000 Malayan Banking 2.5% 05/06/2017 29,941,777 0.47 HKD 14,000,000 Malayan Banking 0% 12/04/2013 14,000,000 0.22 South Korea 136,872,888 2.13

HKD 25,000,000 Export-Import Bank of Korea EMTN 1.8% 04/08/2015 25,302,400 0.39

HKD 12,000,000 Export-Import Bank of Korea EMTN 2% 13/09/2013 12,062,052 0.19



HKD 30,000,000 Korea Development Bank EMTN 2.15% 06/08/2013 30,166,620 0.47

HKD 10,000,000 Korea Expressway GMTN 4% 02/03/2022 10,352,250 0.16 HKD 10,000,000 Korea Gas EMTN 2.6% 20/06/2017 10,073,470 0.16 HKD 10,000,000 Korea National Oil EMTN 3.2% 22/12/2016 10,281,090 0.16 HKD 13,000,000 Korea National Oil GMTN 2.53% 25/02/2014 13,053,391 0.20 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 5,096,531,946 79.40 주식수 또는 원금


시가 HKD

% 순자산

Cayman Islands 10,933,305 0.17 HKD 10,000,000 CK Bond Finance 5.1% 07/04/2016 10,933,305 0.17 Germany 19,979,480 0.31 HKD 20,000,000 BMW Finance EMTN FRN 29/09/2014 19,979,480 0.31 Hong Kong SAR 281,482,642 4.38 HKD 15,000,000 Agricultural Bank of China 1.7% 13/07/2015 15,022,500 0.23 HKD 20,000,000 Cheung Kong 3.48% 22/04/2013 20,137,240 0.31 HKD 5,000,000 Cheung Kong 3.9% 27/05/2013 5,054,065 0.08 HKD 33,500,000 Cheung Kong 4.4% 20/04/2015 35,504,874 0.55

HKD 35,000,000 CLP Power Hong Kong Financing MTN 4.93% 13/01/2014 36,367,555 0.57

HKD 30,000,000 Hongkong Electric Finance MTN 1.65% 20/09/2017 29,850,000 0.47

HKD 40,000,000 Hongkong Land Notes EMTN 2.9% 07/12/2022 39,347,560 0.61

HKD 20,000,000 Hongkong Land Notes EMTN 3% 26/10/2022 19,710,732 0.31


HKD 20,000,000 Swire Pacific MTN Financing EMTN 3.78% 28/02/2022 21,025,991 0.33

HKD 20,000,000 Wing Hang Bank 1.55% 17/07/2015 20,000,000 0.31 Malaysia 20,420,100 0.32 HKD 20,000,000 Malayan Banking EMTN 2.85% 01/03/2017 20,420,100 0.32 Singapore 10,779,750 0.17 HKD 10,000,000 Singtel EMTN 3.32% 04/04/2018 10,779,750 0.17 South Korea 69,353,240 1.08


HKD 8,000,000 Industrial Bank of Korea EMTN 1.95% 14/06/2015 8,085,640 0.13

HKD 5,000,000 Korea Development Bank EMTN 2.4% 06/09/2016 5,143,525 0.08

HKD 25,000,000 Korea National Oil EMTN 3.95% 10/02/2022 25,906,125 0.40 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 412,948,517 6.43 주식수 또는 원금 예금

시가 HKD

% 순자산

China 290,113,425 4.52 HKD 100,061,644 China Construction Bank 0.5% 21/01/2013 100,061,644 1.56 HKD 90,051,781 China Construction Bank 0.5% 28/02/2013 90,051,781 1.40 HKD 100,000,000 China Construction Bank 1% 19/02/2013 100,000,000 1.56 United Kingdom 125,000,000 1.95 HKD 125,000,000 Standard Chartered 0.9% 28/06/2013 125,000,000 1.95 총 예금 415,113,425 6.47


슈로더 아시안 로컬 커런시 채권 펀드 (Asian Local Currency Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

China 11,751,670 4.82 USD 800,000 Agile Property 4% 28/04/2016 822,848 0.34

CNH 10,000,000 Agricultural Development Bank of China 3.5% 17/01/2017 1,617,290 0.66

USD 200,000 Big Will Investments EMTN 1.875% 29/04/2016 220,153 0.09

CNH 20,000,000 China Government' RegS 3.48% 29/06/2027 3,277,979 1.34

CNH 1,000,000 China Guangdong Nuclear Power RegS 3.75% 01/11/2015 161,663 0.07

HKD 3,000,000 Intime Department Store 1.75% 27/10/2013 409,851 0.17 CNH 3,000,000 Kaisa 8% 20/12/2015 521,424 0.21

CNH 6,000,000 Melco Crown Entertainment 3.75% 09/05/2013 962,625 0.40

CNH 11,000,000 Right Century 1.85% 03/06/2014 1,723,110 0.71 USD 1,000,000 SOHO China RegS 7.125% 07/11/2022 1,000,647 0.41 USD 1,000,000 Tencent RegS 3.375% 05/03/2018 1,034,080 0.42 Germany 646,869 0.27

CNH 4,000,000 BSH Bosch und Siemens Hausgeraete RegS 3.8% 24/07/2017 646,869 0.27

Hong Kong SAR 5,174,613 2.12 HKD 3,000,000 Hengdeli 2.5% 20/10/2015 396,032 0.16 USD 300,000 Henson Finance 5.5% 17/09/2019 329,994 0.14

USD 2,000,000 Hongkong Electric Finance EMTN 4.25% 14/12/2020 2,211,398 0.91

USD 500,000 PB Issuer No 2 1.75% 12/04/2016 491,995 0.20 USD 800,000 Rosy Unicorn 6.5% 09/02/2017 886,647 0.36

USD 800,000 Sun Hung Kai Properties Capital Market EMTN 4.5% 14/02/2022 858,547 0.35

India 9,385,412 3.85 INR 480,000,000 India Government 7.8% 11/04/2021 8,560,435 3.51 USD 800,000 NTPC EMTN 4.75% 03/10/2022 824,977 0.34 Indonesia 9,335,465 3.83 IDR 24,000,000,000 Indonesia Government 7.375% 15/09/2016 2,677,711 1.10 IDR 31,500,000,000 Indonesia Government 8.375% 15/09/2026 3,981,520 1.63 IDR 10,000,000,000 Indonesia Government 11% 15/10/2014 1,135,164 0.47 USD 1,508,000 Theta Capital RegS 6.125% 14/11/2020 1,541,070 0.63 Malaysia 2,932,066 1.20 USD 2,200,000 Axiata SPV1 Labuan 5.375% 28/04/2020 2,515,106 1.03

USD 400,000 Export-Import Bank of Malaysia EMTN 2.875% 14/12/2017 416,960 0.17

Norway 867,404 0.36 USD 800,000 BW RegS 6.625% 28/06/2017 867,404 0.36 Singapore 3,057,522 1.25 USD 600,000 CapitaLand Treasury EMTN 4.076% 20/09/2022 613,029 0.25

USD 1,000,000 Competition Team Technology RegS 2.125% 13/12/2017 991,240 0.41

USD 700,000 DBS Bank RegS variable 21/09/2022 737,160 0.30

USD 700,000 Oversea-Chinese Banking RegS variable 11/03/2023 716,093 0.29

South Korea 32,113,893 13.17 KRW 4,000,000,000 Korea Treasury Bond 0% 10/03/2017 3,851,933 1.58 KRW 2,000,000,000 Korea Treasury Bond 3.5% 10/09/2016 1,932,051 0.79 KRW 9,300,000,000 Korea Treasury Bond 4% 10/09/2015 8,986,905 3.69 KRW 5,000,000,000 Korea Treasury Bond 4.25% 10/06/2021 5,080,835 2.08 KRW 6,000,000,000 Korea Treasury Bond 4.75% 10/03/2014 5,752,919 2.36 KRW 3,000,000,000 Korea Treasury Bond 5.5% 10/09/2017 3,125,534 1.28 KRW 2,000,000,000 Korea Treasury Bond 5.5% 10/03/2028 2,381,876 0.98 USD 1,000,000 NongHyup Bank RegS 2.25% 19/09/2017 1,001,840 0.41 Sri Lanka 536,983 0.22 USD 500,000 Sri Lanka (Republic of) 5.875% 25/07/2022 536,983 0.22 Taiwan 8,335,016 3.42

USD 1,000,000 Chinatrust Commercial Bank Hong Kong RegS variable perpetual 1,008,575 0.41

TWD 50,000,000 Taiwan Government 2% 20/07/2015 1,773,970 0.73 TWD 100,000,000 Taiwan Government 2.125% 24/09/2018 3,663,964 1.50 TWD 50,000,000 Taiwan Government 2.125% 13/08/2029 1,888,507 0.78 Thailand 2,254,261 0.92

USD 500,000 PTT Global Chemical RegS 4.25% 19/09/2022 520,021 0.21



CNH 3,000,000 Caterpillar Financial Services EMTN 2.9% 16/03/2014 481,956 0.20

USD 1,500,000 Korea Hydro & Nuclear Power RegS 3% 19/09/2022 1,492,110 0.61


USD 200,000 PTTEP Canada International Finance RegS 6.35% 12/06/2042 251,438 0.10



시가 USD

% 순자산

China 9,137,561 3.75 HKD 10,000,000 Bank of China/Hong Kong 3.75% 27/07/2020 1,375,001 0.56

CNH 10,000,000 China Development Bank/Hong Kong 3.2% 23/09/2021 1,545,941 0.63

CNH 17,000,000 China Government RegS 1.94% 18/08/2018 2,625,791 1.08

USD 300,000 CNPC General Capital RegS 2.75% 19/04/2017 311,075 0.13

USD 1,000,000 COSL Finance BVI RegS 3.25% 06/09/2022 993,955 0.41

CNH 8,000,000 Export-Import Bank of China 2.65% 02/12/2013 1,283,621 0.53

CNH 3,000,000 Sinotruk Hong Kong RegS 4.50% 01/08/2014 485,062 0.20

USD 500,000 Yancoal International Resources Development RegS 5.73% 16/05/2022 517,115 0.21

Hong Kong SAR 12,452,096 5.11 SGD 500,000 Bank of East Asia EMTN variable 13/09/2022 426,477 0.17

CNH 7,000,000 China Datang Overseas Hong Kong 4.5% 15/06/2015 1,135,950 0.47

SGD 1,000,000 Dah Sing Bank EMTN variable 09/02/2022 851,259 0.35 CNH 2,000,000 Gemdale International 9.15% 26/07/2015 345,852 0.14 CNH 16,000,000 HKCG Finance EMTN 1.4% 11/04/2016 2,419,320 0.99 HKD 20,000,000 Hong Kong Government 1.61% 10/12/2018 2,767,872 1.14 HKD 7,000,000 Hong Kong Government 2.64% 10/06/2019 1,031,408 0.42 HKD 5,000,000 Hong Kong Government 2.93% 13/01/2020 744,113 0.31

HKD 10,000,000 Industrial & Commercial Bank of China Asia EMTN 2.92% 06/04/2016 1,338,423 0.55

CNH 2,000,000 Lafarge Shui On Cement RegS 9% 14/11/2014 342,293 0.14

HKD 8,000,000 Sun Hung Kai Properties Capital Market MTN 3.92% 22/06/2026 1,049,129 0.43

Malaysia 25,093,262 10.29 MYR 31,000,000 Malaysia Government 3.314% 31/10/2017 10,168,700 4.17 MYR 11,500,000 Malaysia Government 3.58% 28/09/2018 3,811,645 1.56 MYR 5,500,000 Malaysia Government 3.892% 15/03/2027 1,841,466 0.76 MYR 20,000,000 Malaysia Government 4.012% 15/09/2017 6,761,485 2.77 MYR 4,500,000 Malaysia Government 4.127% 15/04/2032 1,518,453 0.62 MYR 2,900,000 Malaysia Government 4.16% 15/07/2021 991,513 0.41 Philippines 13,783,283 5.65 PHP 50,000,000 Philippine Government 3.9% 26/11/2022 1,266,033 0.52 USD 1,200,000 Philippine Government 5% 13/01/2037 1,458,096 0.60 PHP 80,000,000 Philippine Government 6.25% 14/01/2036 2,353,217 0.96 PHP 118,400,186 Philippine Government 6.375% 19/01/2022 3,390,639 1.39 PHP 156,000,000 Philippine Government 7% 27/01/2016 4,218,356 1.73 PHP 35,000,000 Philippine Government 8% 19/07/2031 1,096,942 0.45 Singapore 19,833,349 8.13 SGD 4,000,000 Singapore Government 2.375% 01/04/2017 3,565,292 1.46 SGD 3,200,000 Singapore Government 2.75% 01/04/2042 2,802,965 1.15 SGD 500,000 Singapore Government 2.875% 01/09/2030 457,394 0.19 SGD 3,100,000 Singapore Government 3% 01/09/2024 2,913,271 1.19 SGD 6,000,000 Singapore Government 3.25% 01/09/2020 5,683,060 2.33 SGD 4,500,000 Singapore Government 3.5% 01/03/2027 4,411,367 1.81 South Korea 647,782 0.27 HKD 5,000,000 Korea National Oil GMTN 2.53% 25/02/2014 647,782 0.27 Thailand 14,119,297 5.79

USD 600,000 Bangkok Bank/Hong Kong RegS 3.875% 27/09/2022 621,795 0.25

THB 90,000,000 Thailand Government 2.8% 10/10/2017 2,902,620 1.19 THB 150,000,000 Thailand Government 3.625% 16/06/2023 4,945,180 2.03 THB 170,000,000 Thailand Government 3.65% 17/12/2021 5,649,702 2.32 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 95,066,630 38.99 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 4,021,600 1.65 40,000 Schroder ISF - RMB Fixed Income 4,021,600 1.65

총 개방형 간접투자기구 4,021,600 1.65 총 투자자산 189,034,795 77.53 기타 순자산 54,774,199 22.47 순자산가치 243,808,994 100.00

슈로더 유로 회사 채권 펀드 (EURO Corporate Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Australia 12,052,859 0.32

EUR 2,000,000 National Australia Bank EMTN variable 26/06/2023 2,356,932 0.06

EUR 4,400,000 Origin Energy Finance EMTN 2.875% 11/10/2019 4,575,294 0.12

EUR 4,563,000 Westpac Banking EMTN 4.25% 22/09/2016 5,120,633 0.14 Belgium 146,837,493 3.88 EUR 41,100,000 Anheuser-Busch InBev EMTN 2.875% 25/09/2024 42,855,997 1.13 EUR 1,900,000 Anheuser-Busch InBev EMTN 4% 26/04/2018 2,168,198 0.06 EUR 2,793,000 Anheuser-Busch InBev EMTN 4% 02/06/2021 3,229,969 0.09 EUR 2,100,000 Anheuser-Busch InBev EMTN 6.57% 27/02/2014 2,244,389 0.06 EUR 6,650,000 Anheuser-Busch InBev EMTN 7.375% 30/01/2013 6,682,219 0.18 EUR 1,500,000 Anheuser-Busch InBev EMTN 8.625% 30/01/2017 1,959,274 0.05 EUR 1,050,000 Barry Callebaut Services 5.375% 15/06/2021 1,191,351 0.03 EUR 4,500,000 Barry Callebaut Services 6% 13/07/2017 5,141,565 0.14 EUR 38,200,000 Belfius Bank 1.25% 27/11/2017 38,698,701 1.02 EUR 25,200,000 Eandis 2.75% 30/11/2022 25,992,540 0.69

EUR 1,850,000 KBC Internationale Financieringsmaatschappij EMTN 3% 29/08/2016 1,947,484 0.05



EUR 2,900,000 KBC Internationale Financieringsmaatschappij RegS 5% 16/03/2016 3,220,621 0.08

EUR 2,000,000 Solvay Finance France variable 02/06/2104 2,166,851 0.06 Canada 6,128,397 0.16

EUR 5,500,000 Toronto-Dominion Bank EMTN 5.375% 14/05/2015 6,128,397 0.16

Czech Republic 12,473,509 0.33 EUR 3,000,000 CEZ 3.625% 27/05/2016 3,276,814 0.09 EUR 3,000,000 CEZ EMTN 4.5% 29/06/2020 3,520,050 0.09 EUR 1,900,000 CEZ EMTN 5% 19/10/2021 2,325,456 0.06 EUR 3,000,000 CEZ EMTN 5.75% 26/05/2015 3,351,189 0.09 Denmark 54,761,562 1.45 EUR 3,550,000 Carlsberg Breweries EMTN 3.375% 13/10/2017 3,874,175 0.10 EUR 2,650,000 Carlsberg Breweries EMTN 6% 28/05/2014 2,847,412 0.08 EUR 4,000,000 Danske Bank EMTN 2.5% 09/07/2015 4,142,652 0.11 EUR 3,600,000 Danske Bank EMTN 3.875% 18/05/2016 3,915,965 0.10 EUR 2,800,000 Danske Bank EMTN 3.875% 28/02/2017 3,076,739 0.08 GBP 10,000,000 Danske Bank EMTN 4% 09/12/2015 13,001,683 0.34 EUR 1,700,000 Danske Bank EMTN variable 20/03/2016 1,718,649 0.05 EUR 1,700,000 Danske Bank EMTN variable 20/06/2016 1,714,458 0.05 EUR 2,750,000 Danske Bank EMTN variable 16/03/2018 2,783,170 0.07 EUR 2,090,000 DONG Energy EMTN 4.875% 07/05/2014 2,205,392 0.06 EUR 977,297 DONG Energy variable 29/06/3005 1,031,123 0.03 EUR 7,350,000 Nykredit Bank EMTN 3.5% 04/11/2015 7,750,307 0.20 EUR 1,000,000 TDC 5.875% 16/12/2015 1,136,680 0.03 EUR 2,900,000 TDC RegS 3.5% 23/02/2015 3,062,744 0.08 EUR 2,200,000 TDC RegS 4.375% 23/02/2018 2,500,413 0.07 Finland 7,499,745 0.20 EUR 1,250,000 Pohjola Bank EMTN 2.625% 20/03/2017 1,332,091 0.04 EUR 5,000,000 Pohjola Bank EMTN 3.125% 25/03/2015 5,260,357 0.14 EUR 800,000 Teollisuuden Voima EMTN 4.625% 04/02/2019 907,297 0.02 France 468,487,739 12.37 EUR 1,200,000 Allianz France variable perpetual 1,207,458 0.03 EUR 2,000,000 Areva EMTN 3.5% 22/03/2021 2,042,457 0.05 EUR 3,000,000 Areva EMTN 3.875% 23/09/2016 3,180,106 0.08 EUR 2,000,000 Areva EMTN 4.375% 06/11/2019 2,176,876 0.06 EUR 2,000,000 Areva EMTN 4.625% 05/10/2017 2,186,865 0.06 EUR 1,250,000 Arkema 4% 25/10/2017 1,381,529 0.04

EUR 4,100,000 Autoroutes du Sud de la France 5.625% 04/07/2022 5,148,403 0.14

EUR 1,300,000 Autoroutes du Sud de la France EMTN 4% 24/09/2018 1,463,536 0.04

EUR 4,150,000 Autoroutes du Sud de la France EMTN 7.375% 20/03/2019 5,475,678 0.14

EUR 10,850,000 AXA EMTN variable 16/04/2040 11,361,295 0.30

EUR 5,000,000 Banque Federative du Credit Mutuel EMTN 3% 29/10/2015 5,287,695 0.14

EUR 3,600,000 Banque Federative du Credit Mutuel EMTN 4.25% 05/02/2014 3,741,419 0.10

EUR 2,500,000 Banque Federative du Credit Mutuel EMTN 4.375% 31/05/2016 2,773,295 0.07

EUR 2,600,000 Banque Federative du Credit Mutuel EMTN 2,671,669 0.07

6.5% 19/07/2013 EUR 2,300,000 BNP Paribas 3% 24/02/2017 2,462,877 0.07 EUR 2,800,000 BNP Paribas EMTN 2.5% 23/08/2019 2,915,741 0.08 EUR 7,234,000 BNP Paribas EMTN 2.625% 16/09/2016 7,621,967 0.20 EUR 4,000,000 BNP Paribas EMTN 2.875% 13/07/2015 4,196,688 0.11 EUR 3,000,000 BNP Paribas EMTN 3.5% 07/03/2016 3,228,091 0.09 EUR 5,600,000 BNP Paribas EMTN 3.75% 25/11/2020 6,291,275 0.17 EUR 2,100,000 BNP Paribas variable perpetual 2,154,043 0.06 EUR 1,700,000 BPCE 4% 18/02/2017 1,732,427 0.05 EUR 1,800,000 BPCE 4.5% 08/10/2016 1,871,280 0.05 EUR 4,000,000 BPCE 9.25% perpetual 4,227,500 0.11 EUR 3,100,000 BPCE EMTN 2.875% 22/09/2015 3,256,383 0.09 EUR 10,300,000 BPCE EMTN 3.75% 21/07/2017 11,376,829 0.30 EUR 4,000,000 BPCE variable perpetual 4,718,820 0.12 EUR 1,000,000 BPCE variable perpetual 1,062,795 0.03 EUR 4,300,000 Carrefour EMTN 5.125% 10/10/2014 4,619,232 0.12 EUR 2,800,000 Carrefour EMTN 5.375% 12/06/2015 3,090,115 0.08






EUR 900,000 Cie de Saint-Gobain 4.875% 31/05/2016 1,004,998 0.03 EUR 2,000,000 Cie de Saint-Gobain EMTN 4% 08/10/2018 2,194,439 0.06 EUR 1,600,000 Cie de Saint-Gobain EMTN 6% 20/05/2013 1,632,782 0.04 EUR 5,650,000 CNP Assurances variable 14/09/2040 5,771,969 0.15 EUR 2,300,000 CNP Assurances variable 30/09/2041 2,381,707 0.06 EUR 3,700,000 Crédit Agricole/London EMTN 3.625% 08/03/2016 3,995,957 0.11 EUR 1,100,000 Danone EMTN 2.5% 29/09/2016 1,166,894 0.03 EUR 1,500,000 Danone EMTN 5.5% 06/05/2015 1,671,471 0.04 EUR 1,600,000 Danone EMTN 6.375% 04/02/2014 1,702,168 0.05 EUR 5,000,000 Edenred 3.625% 06/10/2017 5,421,920 0.14 EUR 2,500,000 Electricite de France EMTN 3.875% 18/01/2022 2,814,576 0.07 EUR 2,700,000 Electricite de France EMTN 4% 12/11/2025 2,987,856 0.08 EUR 1,300,000 Electricite de France EMTN 4.125% 25/03/2027 1,449,328 0.04 EUR 8,450,000 Electricite de France EMTN 4.5% 17/07/2014 8,951,761 0.24 EUR 3,250,000 Electricite de France EMTN 4.5% 12/11/2040 3,708,152 0.10 EUR 8,500,000 Electricite de France EMTN 4.625% 26/04/2030 9,905,177 0.26 EUR 3,000,000 Electricite de France EMTN 5.625% 21/02/2033 3,896,145 0.10 EUR 10,900,000 Electricite de France EMTN 6.25% 25/01/2021 14,198,820 0.38 EUR 2,350,000 France Telecom EMTN 5.25% 22/05/2014 2,498,548 0.07 EUR 5,200,000 France Telecom EMTN 8.125% 28/01/2033 8,220,794 0.22 EUR 5,100,000 Gecina EMTN 4.25% 03/02/2016 5,496,474 0.15 EUR 5,000,000 Gecina EMTN 4.5% 19/09/2014 5,286,300 0.14 EUR 5,000,000 HIT Finance 4.875% 27/10/2021 5,216,475 0.14 EUR 2,200,000 HIT Finance 5.75% 09/03/2018 2,454,235 0.06 EUR 5,000,000 HSBC France EMTN 4.875% 15/01/2014 5,227,575 0.14 EUR 5,100,000 HSBC France EMTN 5.75% 19/06/2013 5,232,845 0.14

EUR 1,400,000 LVMH Moet Hennessy Louis Vuitton EMTN 3.375% 07/04/2015 1,485,849 0.04

EUR 5,150,000 Natixis variable perpetual 4,288,173 0.11 EUR 6,350,000 Pernod-Ricard 4.875% 18/03/2016 7,063,622 0.19 EUR 2,800,000 Pernod-Ricard 5% 15/03/2017 3,210,655 0.08 EUR 2,100,000 Pernod-Ricard EMTN 7% 15/01/2015 2,351,721 0.06 EUR 950,000 PPR EMTN 3.75% 08/04/2015 1,009,466 0.03 EUR 5,363,000 PPR EMTN 8.625% 03/04/2014 5,878,092 0.16 EUR 6,600,000 RCI Banque EMTN 3.375% 23/01/2013 6,609,999 0.17 EUR 1,700,000 Remy Cointreau 5.18% 15/12/2016 1,882,750 0.05 EUR 5,000,000 Renault EMTN 4.375% 24/05/2013 5,054,550 0.13

EUR 2,500,000 RTE Reseau de transport d'electricite EMTN 3.875% 28/06/2022 2,809,572 0.07



EUR 2,900,000 RTE EDF Transport EMTN 5.125% 12/09/2018 3,463,721 0.09 EUR 2,000,000 Sanofi EMTN 4.125% 11/10/2019 2,361,408 0.06 EUR 2,500,000 Schneider Electric EMTN 3.75% 12/07/2018 2,813,079 0.07

EUR 1,000,000 Societe Des Autoroutes Paris-Rhin-Rhone 5.125% 18/01/2018 1,146,136 0.03

EUR 1,000,000 Societe Des Autoroutes Paris-Rhin-Rhone EMTN 4.375% 25/01/2016 1,082,520 0.03


EUR 3,000,000 Societe Des Autoroutes Paris-Rhin-Rhone EMTN 5% 12/01/2017 3,365,271 0.09


EUR 20,900,000 Societe Fonciere Lyonnaise 3.5% 28/11/2017 21,625,481 0.57 EUR 400,000 Société Générale EMTN 5.25% 28/03/2013 404,546 0.01 USD 100,900,000 Société Générale Variable perpetual 76,309,178 2.01 EUR 3,000,000 Sodexo EMTN 6.25% 30/01/2015 3,333,769 0.09

EUR 2,000,000 Suez Environnement EMTN 4.125% 24/06/2022 2,297,280 0.06

EUR 2,000,000 Suez Environnement EMTN 6.25% 08/04/2019 2,538,027 0.07

EUR 1,500,000 Total Capital EMTN 3.625% 19/05/2015 1,607,666 0.04 EUR 3,200,000 Total Capital EMTN 4.875% 28/01/2019 3,878,013 0.10 EUR 3,400,000 Total Capital EMTN 5.125% 26/03/2024 4,438,525 0.12

EUR 1,600,000 Total Infrastructures Gaz France 4.339% 07/07/2021 1,858,417 0.05

EUR 3,100,000 Valeo EMTN 4.875% 11/05/2018 3,456,523 0.09 EUR 1,100,000 Veolia Environnement EMTN 4.625% 30/03/2027 1,245,476 0.03 EUR 324,000 Veolia Environnement EMTN 5.25% 24/04/2014 343,213 0.01 EUR 2,500,000 Veolia Environnement EMTN 6.125% 25/11/2033 3,258,177 0.09 EUR 3,924,000 Veolia Environnement EMTN 6.75% 24/04/2019 4,993,441 0.13 EUR 1,100,000 Vinci 3.375% EMTN 30/03/2020 1,186,485 0.03 EUR 4,350,000 Vivendi 4% 31/03/2017 4,746,594 0.13 EUR 1,500,000 Vivendi 4.125% EMTN 18/07/2017 1,647,710 0.04 EUR 2,500,000 Vivendi 4.5% 03/10/2013 2,568,537 0.07 EUR 2,000,000 Vivendi EMTN 4.125% 18/07/2017 2,196,947 0.06 EUR 2,100,000 Vivendi EMTN 4.75% 13/07/2021 2,420,043 0.06 EUR 1,700,000 Vivendi EMTN 4.875% 02/12/2019 1,978,068 0.05 EUR 5,700,000 Wendel 4.875% 04/11/2014 5,982,150 0.16 Germany 695,542,824 18.36 EUR 5,100,000 Allianz EMTN variable perpetual 5,257,274 0.14 EUR 10,000,000 Allianz Finance II EMTN 4.75% 22/07/2019 11,977,990 0.32 EUR 4,000,000 Allianz Finance II EMTN 5% 06/03/2013 4,033,880 0.11 EUR 2,000,000 Allianz Finance II variable 13/01/2025 2,200,500 0.06 EUR 4,200,000 Allianz Finance II variable perpetual 4,221,540 0.11 EUR 800,000 BASF 4.625% EMTN 07/07/2017 932,752 0.02 EUR 4,400,000 BASF Finance Europe EMTN 6% 04/12/2013 4,626,624 0.12 EUR 9,850,000 Bayer variable 29/07/2105 10,442,202 0.28 EUR 2,500,000 BMW Finance EMTN 2.125% 13/01/2015 2,574,180 0.07 EUR 5,750,000 BMW Finance EMTN 8.875% 19/09/2013 6,094,540 0.16 EUR 5,500,000 BMW US Capital EMTN 4.625% 20/02/2013 5,530,112 0.15 EUR 23,950,000 Bundesobligation 0.5% 13/10/2017 24,127,721 0.64 EUR 5,000,000 Commerzbank EMTN 5% 06/02/2014 5,236,405 0.14 EUR 3,800,000 Commerzbank EMTN 7.75% 16/03/2021 4,093,305 0.11 EUR 3,000,000 Conti-Gummi Finance RegS 8.5% 15/07/2015 3,245,865 0.09 EUR 5,000,000 Daimler EMTN 4.625% 02/09/2014 5,327,635 0.14

EUR 5,000,000 Deutsche Bahn Finance EMTN 2.875% 30/06/2016 5,395,675 0.14

EUR 2,200,000 Deutsche Bahn Finance EMTN 3% 08/03/2024 2,384,140 0.06



EUR 6,000,000 Deutsche Post Finance 4.875% 30/01/2014 6,271,260 0.17



EUR 5,120,000 Deutsche Telekom International Finance EMTN 6% 20/01/2017 6,079,188 0.16

EUR 4,500,000 E.ON International Finance 5.25% 08/09/2015 5,029,882 0.13

EUR 3,400,000 E.ON International Finance EMTN 5.5% 19/01/2016 3,868,415 0.10

EUR 6,500,000 E.ON International Finance EMTN 5.5% 02/10/2017 7,771,020 0.20


EUR 1,300,000 Enbw International Finance EMTN 4.25% 19/10/2016 1,458,355 0.04


EUR 4,000,000 Evonik Industries 7% 14/10/2014 4,424,908 0.12 EUR 9,200,000 Germany (Bund) 1.5% 04/09/2022 9,328,004 0.25 EUR 4,610,000 Germany (Bund) 1.75% 04/07/2022 4,788,089 0.13 EUR 20,350,000 Germany (Bund) 2% 04/01/2022 21,732,253 0.57 EUR 12,700,000 Germany (Bund) 3% 04/07/2020 14,626,279 0.39 EUR 2,700,000 Germany (Bund) 3.5% 04/07/2019 3,185,652 0.08 EUR 39,530,000 Germany (Bund) 3.75% 04/01/2019 46,940,313 1.24

EUR 92,980,000 Germany (Bund) 4% 04/01/2018 109,725,233 2.90 EUR 2,200,000 Germany (Bund) 4% 04/01/2037 2,981,892 0.08 EUR 50,750,000 Germany (Bund) 4.25% 04/07/2017 59,795,325 1.58 EUR 20,200,000 Germany (Bund) 4.25% 04/07/2018 24,390,551 0.64 EUR 9,300,000 Germany (Bund) 5.5% 04/01/2031 14,214,706 0.37 EUR 1,430,000 HeidelbergCement Finance 8% 31/01/2017 1,682,574 0.04

EUR 3,400,000 HeidelbergCement Finance EMTN 5.625% 04/01/2018 3,765,262 0.10

EUR 1,550,000 Hella KGaA Hueck & Co 7.25% 20/10/2014 1,712,556 0.04 EUR 2,800,000 Henkel KGaA EMTN 4.625% 19/03/2014 2,939,483 0.08 EUR 7,300,000 Linde Finance variable perpetual 7,469,761 0.20 EUR 55,120,000 RWE variable perpetual 56,213,388 1.48 EUR 31,400,000 SAP EMTN 1% 13/11/2015 31,415,700 0.83 EUR 34,300,000 SAP EMTN 2.125% 13/11/2019 34,692,220 0.92

EUR 3,800,000 Siemens Financieringsmaatschappij EMTN 4.125% 20/02/2013 3,755,578 0.10

EUR 5,000,000 Suedzucker International Finance RegS 4.125% 29/03/2018 5,713,075 0.15

EUR 400,000 Suedzucker International Finance variable perpetual 417,676 0.01

EUR 2,200,000 Talanx Finanz Luxembourg EMTN variable 15/06/2042 2,691,617 0.07

EUR 3,600,000 Techem RegS 6.125% 01/10/2019 3,890,952 0.10 EUR 950,000 ThyssenKrupp EMTN 8% 18/06/2014 1,036,602 0.03 EUR 2,600,000 UniCredit Bank EMTN 6% 05/02/2014 2,713,339 0.07 EUR 11,200,000 Unitymedia Hessen 5.75% 15/01/2023 11,695,880 0.31

EUR 2,500,000 Volkswagen International Finance EMTN 3.25% 21/01/2019 2,731,385 0.07

Hong Kong SAR 2,140,034 0.06

EUR 1,900,000 Hutchison Whampoa Finance 06 4.625% 21/09/2016 2,140,034 0.06

Ireland 71,762,902 1.89 EUR 17,600,000 Bord Gais Eireann 3.625% 04/12/2017 18,581,640 0.49 EUR 600,000 CRH Finance EMTN 5% 25/01/2019 694,363 0.02 EUR 8,000,000 CRH Finance EMTN 7.375% 28/05/2014 8,721,484 0.23 EUR 16,200,000 ESB Finance 4.375% 21/11/2019 17,159,421 0.45 EUR 18,600,000 ESB Finance EMTN 6.25% 11/09/2017 21,361,663 0.56 EUR 2,000,000 WPP 2008 EMTN 6.625% 12/05/2016 2,341,336 0.06 EUR 2,670,000 WPP Finance 5.25% 30/01/2015 2,902,995 0.08 Israel 2,354,280 0.06

EUR 2,200,000 Teva Pharmaceutical Finance IV EMTN 2.875% 15/04/2019 2,354,280 0.06

Italy 222,068,853 5.86 EUR 6,500,000 Assicurazioni Generali variable 12/12/2042 6,922,500 0.18 EUR 3,400,000 Edison EMTN 3.875% 10/11/2017 3,707,015 0.10 EUR 4,800,000 Edison EMTN 4.25% 22/07/2014 5,031,538 0.13 EUR 1,000,000 Enel 5.25% 14/01/2015 1,063,485 0.03 EUR 4,300,000 Enel EMTN 4.75% 12/06/2018 4,656,283 0.12 EUR 2,200,000 Enel EMTN 5.25% 20/05/2024 2,308,047 0.06 EUR 7,813,000 Enel EMTN 5.625% 21/06/2027 8,285,862 0.22

EUR 6,523,000 Enel Finance International EMTN 4% 14/09/2016 6,885,444 0.18

EUR 14,900,000 Enel Finance International EMTN 4.875% 17/04/2023 15,675,172 0.41



EUR 3,200,000 Enel Finance International GMTN 4.625% 24/06/2015 3,407,291 0.09

EUR 5,300,000 Eni 4% 29/06/2015 5,630,190 0.15 EUR 6,200,000 FGA Capital Ireland EMTN 4% 28/03/2013 6,162,738 0.16 EUR 1,300,000 FGA Capital Ireland EMTN 5.25% 28/02/2014 1,336,112 0.04 EUR 1,000,000 Intesa Sanpaolo EMTN 3.75% 23/11/2016 1,034,260 0.03 EUR 1,800,000 Intesa Sanpaolo EMTN 3.875% 01/04/2015 1,857,812 0.05 EUR 8,914,000 Intesa Sanpaolo EMTN 4% 09/11/2017 9,227,795 0.24 EUR 11,000,000 Intesa Sanpaolo EMTN 4.125% 14/01/2016 11,461,180 0.30 EUR 2,700,000 Intesa Sanpaolo EMTN 5% 28/02/2017 2,915,712 0.08 EUR 7,850,000 Lottomatica 5.375% 05/12/2016 8,649,589 0.23 EUR 5,000,000 Lottomatica 5.375% 02/02/2018 5,584,222 0.15 EUR 3,000,000 Lottomatica RegS variable 31/03/2066 3,155,565 0.08 EUR 5,700,000 Rottapharm RegS 6.125% 15/11/2019 5,929,311 0.16 EUR 15,000,000 Snam EMTN 2% 13/11/2015 15,160,245 0.40 EUR 1,000,000 Snam EMTN 5% 18/01/2019 1,134,170 0.03 EUR 33,300,000 Snam EMTN 5.25% 19/09/2022 38,182,429 1.01 EUR 1,800,000 Telecom Italia EMTN 5.25% 17/03/2055 1,497,127 0.04

EUR 2,800,000 Telecom Italia Finance EMTN 6.875% 24/01/2013 2,809,338 0.07

EUR 3,600,000 Telecom Italia Finance EMTN 7.75% 24/01/2033 4,171,669 0.11

EUR 23,800,000 Telecom Italia RegS 4% 21/01/2020 24,155,215 0.64 EUR 3,400,000 UniCredit 4.875% 07/03/2017 3,650,711 0.10


Japan 5,269,782 0.14

EUR 4,950,000 Nomura Europe Finance EMTN 5.125% 09/12/2014 5,269,782 0.14

Luxembourg 19,283,921 0.51 EUR 4,800,000 ArcelorMittal 8.25% 03/06/2013 4,896,768 0.13 EUR 2,200,000 SES EMTN 4.625% 09/03/2020 2,573,335 0.07 EUR 2,000,000 SES EMTN 4.75% 11/03/2021 2,366,282 0.06

EUR 8,000,000 SES Global Americas EMTN 4.875% 09/07/2014 8,484,536 0.22

EUR 900,000 Telenet Finance Luxembourg RegS 6.375% 15/11/2020 963,000 0.03

Mexico 7,927,695 0.21

EUR 3,100,000 Pemex Project Funding Master Trust RegS 6.375% 05/08/2016 3,599,875 0.10

EUR 3,800,000 Petroleos Mexicanos EMTN 5.5% 09/01/2017 4,327,820 0.11 Netherlands 313,038,810 8.26 EUR 5,000,000 ABN Amro Bank EMTN 4.25% 11/04/2016 5,518,628 0.15 EUR 3,700,000 ABN Amro Bank EMTN 6.375% 27/04/2021 4,243,876 0.11 EUR 3,000,000 ABN Amro Bank EMTN 7.125% 06/07/2022 3,540,492 0.09 EUR 5,000,000 ABN Amro Bank RegS 3.375% 21/01/2014 5,145,903 0.14 EUR 2,400,000 Achmea EMTN 7.375% 16/06/2014 2,622,376 0.07

EUR 3,000,000 Achmea Hypotheekbank EMTN 2.375% 08/02/2016 3,092,177 0.08

EUR 1,300,000 Alliander variable perpetual 1,384,849 0.04

EUR 5,000,000 Bank Nederlandse Gemeenten EMTN 2.25% 24/08/2016 5,311,648 0.14

EUR 5,000,000 Bank Nederlandse Gemeenten EMTN 2.25% 12/01/2017 5,335,688 0.14

EUR 3,300,000 Bank Nederlandse Gemeenten EMTN 4% 15/07/2014 3,494,222 0.09

EUR 2,500,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 3% 25/09/2015 2,647,675 0.07

EUR 7,750,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 4.125% 14/09/2022 8,321,361 0.22

EUR 3,500,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN 3% 16/02/2015 3,685,416 0.10

EUR 6,200,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN 3.375% 18/01/2016 6,681,681 0.18






EUR 2,500,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank GMTN 4% 11/01/2022 2,868,210 0.08

EUR 15,000,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank GMTN 4.125% 14/01/2020 17,252,880 0.46

EUR 13,600,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank RegS 6.875% 19/03/2020 15,226,220 0.40

EUR 5,000,000 Corio EMTN 4.625% 22/01/2018 5,582,473 0.15 EUR 5,000,000 Delta Lloyd EMTN 4.25% 17/11/2017 5,398,568 0.14 EUR 2,300,000 EADS Finance EMTN 4.625% 12/08/2016 2,599,434 0.07 EUR 6,000,000 Fortis Bank Nederland EMTN 4% 03/02/2015 6,385,671 0.17 EUR 2,200,000 Heineken EMTN 2.5% 19/03/2019 2,316,965 0.06 EUR 1,300,000 Heineken EMTN 3.5% 19/03/2024 1,423,360 0.04 EUR 10,700,000 ING Bank 3.375% 03/03/2015 11,264,077 0.30 EUR 2,700,000 ING Bank 4.875% 18/01/2021 3,209,463 0.08 EUR 5,000,000 ING Bank EMTN 3.875% 24/05/2016 5,457,003 0.14 EUR 4,700,000 ING Bank EMTN 4.5% 21/02/2022 5,476,729 0.14 EUR 7,500,000 ING Bank EMTN variable 15/03/2019 7,439,149 0.20 EUR 9,000,000 ING Bank EMTN variable 16/09/2020 8,868,929 0.23 EUR 5,530,000 ING Bank EMTN variable 29/05/2023 6,047,735 0.16 EUR 5,924,000 ING Groep EMTN 4.125% 23/03/2015 6,317,238 0.17 EUR 1,000,000 Koninklijke KPN EMTN 4.25% 01/03/2022 1,066,206 0.03 EUR 3,050,000 Koninklijke KPN GMTN 3.75% 21/09/2020 3,225,890 0.08 EUR 2,000,000 Koninklijke KPN GMTN 4.5% 04/10/2021 2,177,223 0.06 EUR 2,200,000 Koninklijke KPN GMTN 5.625% 30/09/2024 2,560,308 0.07 EUR 8,000,000 Koninklijke KPN GMTN 6.25% 04/02/2014 8,470,172 0.22 EUR 5,000,000 Koninklijke KPN GMTN 7.5% 04/02/2019 6,371,945 0.17

EUR 29,300,000 Nederlandse Gasunie EMTN 0.875% 30/10/2015 29,509,993 0.78

EUR 2,200,000 Nederlandse Waterschapsbank EMTN 3% 16/11/2023 2,409,781 0.06

EUR 5,000,000 Nederlandse Waterschapsbank EMTN 3.5% 14/01/2021 5,721,073 0.15

EUR 1,300,000 PostNL 3.875% 01/06/2015 1,376,804 0.04 EUR 7,200,000 PostNL 5.375% 14/11/2017 8,188,276 0.22

EUR 6,800,000 Shell International Finance EMTN 4.375% 14/05/2018 7,979,960 0.21

EUR 5,000,000 Shell International Finance EMTN 4.625% 22/05/2017 5,825,960 0.15

EUR 1,000,000 SRLEV variable 15/04/2041 951,015 0.02 EUR 1,250,000 TenneT EMTN 3.875% 21/02/2018 1,403,296 0.04 EUR 1,750,000 TenneT EMTN 4.625% 21/02/2023 2,080,648 0.05 EUR 1,400,000 TenneT variable perpetual 1,512,547 0.04 EUR 3,080,000 UPC RegS 9.75% 15/04/2018 3,313,510 0.09 Norway 110,899,265 2.93 EUR 4,000,000 DNB Bank EMTN 3.875% 29/06/2020 4,576,814 0.12 EUR 6,150,000 DNB Bank EMTN 5.875% 20/06/2013 6,308,805 0.17 EUR 70,800,000 SpareBank 1 SR Bank EMTN 2% 14/05/2018 72,200,778 1.91 EUR 27,500,000 Statkraft 2.5% 28/11/2022 27,812,868 0.73 Poland 6,402,420 0.17 EUR 5,000,000 PKO Finance EMTN 3.733% 21/10/2015 5,281,315 0.14 EUR 1,010,000 TVN Finance II RegS 10.75% 15/11/2017 1,121,105 0.03 Spain 208,418,393 5.50 EUR 1,800,000 Abertis Infraestructuras 4.375% 30/03/2020 1,835,895 0.05 EUR 3,300,000 Abertis Infraestructuras 4.625% 14/10/2016 3,494,291 0.09 EUR 28,900,000 Abertis Infraestructuras 4.75% 25/10/2019 30,530,206 0.80 EUR 2,400,000 Abertis Infraestructuras 5.125% 12/06/2017 2,601,043 0.07

EUR 31,100,000 FADE - Fondo de Amortizacion del Deficit Electrico 4% 17/12/2015 31,325,786 0.83

EUR 4,250,000 Gas Natural Capital Markets EMTN 4.5% 27/01/2020 4,478,444 0.12






EUR 4,000,000 Instituto de Credito Oficial 4.875% 01/02/2018 4,079,410 0.11 EUR 20,900,000 Mapfre 5.125% 16/11/2015 21,964,228 0.58

EUR 33,100,000 Repsol International Finance EMTN 4.375% 20/02/2018 35,623,031 0.94


EUR 3,500,000 Santander Issuances variable 30/09/2019 2,977,508 0.08

EUR 6,700,000 Telefonica Emisiones EMTN 5.58% 12/06/2013 6,832,841 0.18

Sweden 101,225,727 2.67 EUR 5,000,000 Nordea Bank EMTN 2.75% 11/08/2015 5,263,475 0.14 EUR 7,100,000 Nordea Bank EMTN 4.5% 12/05/2014 7,493,297 0.20 EUR 2,100,000 Nordea Bank EMTN variable 10/09/2018 2,147,366 0.06 EUR 3,500,000 Nordea Bank EMTN variable 15/02/2022 3,790,757 0.10 EUR 1,500,000 Nordea Bank EMTN variable 15/02/2022 1,624,605 0.04 EUR 5,000,000 Nordea Bank RegS 3.625% 11/02/2016 5,424,043 0.14 EUR 2,000,000 Securitas EMTN 2.75% 28/02/2017 2,073,670 0.05 EUR 4,100,000 Securitas EMTN 6.5% 02/04/2013 4,158,712 0.11

EUR 2,500,000 Skandinaviska Enskilda Banken EMTN 2.5% 01/09/2015 2,612,266 0.07

EUR 1,635,000 Skandinaviska Enskilda Banken EMTN variable perpetual 1,793,391 0.05

EUR 2,500,000 Skandinaviska Enskilda Banken GMTN 3.75% 19/05/2016 2,727,431 0.07

EUR 2,400,000 Skandinaviska Enskilda Banken GMTN 5.5% 06/05/2014 2,560,846 0.07

EUR 300,000 SKF RegS 3.875% 25/05/2018 338,023 0.01

EUR 12,300,000 Stockholms Lans Landsting EMTN 2.125% 12/09/2022 12,588,066 0.33

EUR 2,900,000 Svenska Handelsbanken EMTN 1.5% 06/07/2015 2,956,253 0.08



EUR 3,300,000 Svenska Handelsbanken RegS 3.625% 16/02/2016 3,588,521 0.09

EUR 3,100,000 Swedbank EMTN 1.75% 18/06/2015 3,168,205 0.08

EUR 4,000,000 Swedbank GMTN 2.375% 04/04/2016 4,181,636 0.11 EUR 2,700,000 TeliaSonera EMTN 4% 22/03/2022 3,110,364 0.08 EUR 2,450,000 TeliaSonera EMTN 4.25% 18/02/2020 2,874,448 0.08 EUR 1,700,000 TeliaSonera EMTN 5.125% 13/03/2014 1,794,976 0.05 EUR 650,000 Vattenfall EMTN 4.125% 18/03/2013 654,966 0.02 EUR 9,300,000 Vattenfall EMTN 4.25% 19/05/2014 9,776,583 0.26 EUR 3,200,000 Vattenfall EMTN 6.25% 17/03/2021 4,272,688 0.11 EUR 2,100,000 Vattenfall EMTN 6.75% 31/01/2019 2,733,385 0.07 Switzerland 102,337,593 2.70

EUR 1,000,000 Adecco International Financial Services EMTN 7.625% 28/04/2014 1,085,985 0.03

EUR 1,300,000 Ciba Specialty Chemicals Finance Luxembourg 4.875% 20/06/2018 1,553,519 0.04

EUR 800,000 Cloverie for Swiss Reinsurance EMTN variable 01/09/2042 974,179 0.03

EUR 2,650,000 Cloverie for Zurich Insurance EMTN variable 24/07/2039 3,245,985 0.09

EUR 5,000,000 Credit Suisse/London EMTN 6.125% 16/05/2014 5,374,785 0.14

EUR 10,000,000 ELM for Swiss Life Insurance & Pension EMTN variable perpetual 9,679,250 0.26

EUR 300,000 Glencore Finance Europe EMTN 5.25% 11/10/2013 310,504 0.01

EUR 27,750,000 Nestle Finance International EMTN 1.75% 12/09/2022 27,520,993 0.73

EUR 4,700,000 Roche EMTN 6.5% 04/03/2021 6,434,629 0.17

EUR 2,700,000 Roche Finance Europe EMTN 2% 25/06/2018 2,839,236 0.06


EUR 3,200,000 UBS/Jersey EMTN variable 16/09/2019 3,282,576 0.09 EUR 1,820,000 UBS/Jersey EMTN variable 25/09/2018 1,832,658 0.05 EUR 5,600,000 UBS/London EMTN 3.125% 18/01/2016 5,976,051 0.16 EUR 9,600,000 UBS/London EMTN 3.5% 15/07/2015 10,251,782 0.27 USD 5,650,000 UBS/Stamford 7.625% 17/08/2022 4,709,858 0.12

EUR 6,750,000 Zurich Finance USA EMTN variable 02/10/2023 6,965,123 0.18

EUR 8,000,000 Zurich Finance USA EMTN variable 15/06/2025 8,444,080 0.22

United Arab Emirates 13,711,288 0.36 EUR 4,500,000 IPIC GMTN RegS 2.375% 30/05/2018 4,623,750 0.12 EUR 3,330,000 IPIC GMTN RegS 4.875% 14/05/2016 3,707,401 0.10 EUR 4,400,000 IPIC GMTN RegS 5.875% 14/03/2021 5,380,137 0.14 United Kingdom 546,619,820 14.43

EUR 2,950,000 Abbey National Treasury Services/London EMTN 3.375% 20/10/2015 3,136,135 0.08

EUR 4,000,000 Abbey National Treasury Services/London EMTN 4.125% 03/03/2014 4,143,924 0.11

EUR 1,600,000 Aviva EMTN variable 22/05/2038 1,750,832 0.05 EUR 2,350,000 Aviva variable 02/10/2023 2,379,258 0.06 EUR 5,000,000 Barclays Bank 3.5% 18/03/2015 5,293,115 0.14 EUR 8,200,000 Barclays Bank EMTN 5.25% 27/05/2014 8,717,277 0.23 EUR 3,400,000 Barclays Bank EMTN variable 04/03/2019 3,443,039 0.09 EUR 2,300,000 Barclays Bank RegS 6.625% 30/03/2022 2,721,914 0.07 EUR 2,600,000 BG Energy Capital EMTN 3% 16/11/2018 2,828,444 0.08 EUR 1,000,000 BG Energy Capital variable 30/11/2072 1,123,000 0.03 EUR 3,500,000 BP Capital Markets EMTN 2.994% 18/02/2019 3,802,902 0.10 EUR 3,250,000 BP Capital Markets EMTN 3.1% 07/10/2014 3,397,145 0.09 EUR 4,200,000 BP Capital Markets EMTN 3.472% 01/06/2016 4,565,112 0.12 EUR 1,700,000 BP Capital Markets EMTN 4.154% 01/06/2020 1,985,097 0.05

EUR 15,500,000 British American Tobacco EMTN 2.375% 19/01/2023 15,522,723 0.41

EUR 15,000,000 British American Tobacco EMTN 4.375% 15/09/2014 15,925,035 0.42

EUR 2,100,000 British Telecommunications EMTN 5.25% 23/06/2014 2,237,576 0.06

EUR 61,400,000 Co-Operative Bank/United Kingdom EMTN 2.375% 23/10/2015 61,565,504 1.63


EUR 2,600,000 Diageo Finance EMTN 6.625% 05/12/2014 2,894,601 0.08 GBP 10,800,000 Direct Line Insurance variable 27/04/2042 15,600,173 0.41 EUR 5,000,000 Elsevier Finance Via ELM 6.5% 02/04/2013 5,070,975 0.13 EUR 7,500,000 FCE Bank EMTN 9.375% 17/01/2014 8,124,600 0.21 USD 27,400,000 Friends Life variable perpetual 22,101,277 0.58

EUR 22,400,000 G4S International Finance EMTN 2.625% 06/12/2018 22,414,560 0.59

EUR 11,898,000 G4S International Finance EMTN 2.875% 02/05/2017 12,300,575 0.33

EUR 2,700,000 GlaxoSmithKline Capital EMTN 4% 3,171,380 0.08

16/06/2025

EUR 3,500,000 GlaxoSmithKline Capital EMTN 5.625% 13/12/2017 4,288,228 0.11

EUR 20,600,000 Hammerson 2.75% 26/09/2019 21,264,319 0.56 EUR 1,280,000 Hammerson 4.875% 19/06/2015 1,392,621 0.04 EUR 2,700,000 HBOS EMTN variable 30/10/2019 2,513,403 0.07 EUR 2,600,000 HBOS EMTN variable 18/03/2030 2,172,677 0.06 EUR 3,400,000 HBOS 4.875% 20/03/2015 3,526,038 0.09 EUR 4,900,000 Heathrow Funding EMTN 4.125% 12/10/2016 5,421,769 0.14 EUR 2,700,000 HSBC Bank EMTN 3.125% 15/11/2017 2,949,267 0.08 EUR 4,200,000 HSBC Bank EMTN 3.75% 30/11/2016 4,650,230 0.12 EUR 2,050,000 HSBC Bank RegS 3.25% 28/01/2015 2,157,975 0.06

EUR 6,000,000 HSBC Capital Funding/Jersey variable perpetual 6,005,175 0.16

EUR 4,300,000 HSBC EMTN 4.5% 30/04/2014 4,525,266 0.12 EUR 3,000,000 HSBC RegS 3.875% 16/03/2016 3,272,088 0.09 GBP 10,000,000 InterContinental Hotels EMTN 6% 09/12/2016 13,866,449 0.37 EUR 2,200,000 Legal & General EMTN variable 08/06/2025 2,181,245 0.06 EUR 2,600,000 Lloyds Banking 5.875% 08/07/2014 2,756,807 0.07 EUR 1,380,000 Lloyds TSB Bank EMTN 6.5% 24/03/2020 1,580,083 0.04 EUR 3,600,000 Lloyds TSB Bank EMTN variable 05/03/2018 3,481,254 0.09 EUR 3,200,000 Lloyds TSB Bank EMTN variable 16/12/2021 4,033,080 0.11 GBP 11,200,000 Marks & Spencer 4.75% 12/06/2025 13,956,567 0.37 EUR 1,900,000 National Grid EMTN 5% 02/07/2018 2,260,769 0.06 EUR 1,900,000 National Grid EMTN 6.5% 22/04/2014 2,040,610 0.05 EUR 1,600,000 National Grid USA EMTN 3.25% 03/06/2015 1,691,485 0.04 EUR 3,450,000 Nationwide Building Society 3.75% 20/01/2015 3,651,049 0.10

EUR 2,200,000 Nationwide Building Society EMTN 6.75% 22/07/2020 2,582,843 0.07

EUR 1,400,000 Old Mutual EMTN variable perpetual 1,298,682 0.03 GBP 13,550,000 Prudential EMTN 1.25% 16/11/2015 16,523,291 0.44 EUR 2,800,000 Royal Bank of Scotland 4.75% 04/01/2014 2,905,920 0.08 EUR 8,600,000 Royal Bank of Scotland EMTN 5.375% 30/09/2019 10,288,498 0.27 EUR 8,500,000 Royal Bank of Scotland EMTN 5.5% 23/03/2020 10,277,516 0.27 EUR 4,200,000 Royal Bank of Scotland EMTN 5.75% 21/05/2014 4,474,791 0.12 EUR 5,200,000 Royal Bank of Scotland EMTN 6% 10/05/2013 5,278,000 0.14 EUR 5,850,000 Royal Bank of Scotland EMTN 6.934% 09/04/2018 6,619,398 0.17 EUR 5,450,000 Royal Bank of Scotland EMTN variable 22/09/2021 5,185,948 0.14 EUR 1,500,000 Royal Bank of Scotland EMTN variable 16/03/2022 1,844,419 0.05 EUR 2,600,000 SABMiller EMTN 4.5% 20/01/2015 2,797,882 0.07

EUR 2,000,000 Severn Trent Utilities Finance EMTN 5.25% 11/03/2016 2,269,306 0.06

GBP 14,284,000 Southern Water Services Finance 7.869% 31/03/2038 18,376,075 0.49

EUR 2,100,000 SSE EMTN 6.125% 29/07/2013 2,168,401 0.06 EUR 7,100,000 SSE EMTN variable perpetual 7,370,006 0.19 EUR 24,000,000 SSE variable perpetual 25,506,300 0.67 EUR 3,500,000 Standard Chartered EMTN 5.75% 30/04/2014 3,734,035 0.10 GBP 5,800,000 Standard Life variable 04/12/2042 7,521,442 0.20 GBP 17,300,000 Virgin Media Finance 5.125% 15/02/2022 21,560,880 0.57

EUR 3,000,000 Viridian Group FundCo II RegS 11.125% 01/04/2017 3,111,690 0.08

United States of America 242,568,228 6.40 EUR 1,000,000 American International 6.797% 15/11/2017 1,219,180 0.03

EUR 1,900,000 American International EMTN 4.375% 26/04/2016 2,060,161 0.05

EUR 1,500,000 American International EMTN 5% 26/06/2017 1,693,907 0.04

EUR 1,900,000 American International RegS variable 22/05/2038 2,206,423 0.06

EUR 1,000,000 American International variable 15/03/2067 899,230 0.02 EUR 18,700,000 AT&T 1.875% 04/12/2020 18,884,943 0.50 EUR 25,500,000 AT&T 3.55% 17/12/2032 26,666,625 0.70 EUR 3,500,000 AT&T 6.125% 02/04/2015 3,929,457 0.10 EUR 4,000,000 Bank of America 4.625% 18/02/2014 4,160,132 0.11 EUR 5,600,000 Bank of America EMTN 4.625% 07/08/2017 6,319,460 0.17 EUR 6,750,000 Bank of America EMTN 4.75% 03/04/2017 7,611,398 0.20 EUR 6,700,000 Bank of America EMTN 5.125% 26/09/2014 7,159,355 0.19 EUR 1,600,000 Bank of America EMTN 7% 15/06/2016 1,896,178 0.05 EUR 3,046,000 Citigroup EMTN 4% 26/11/2015 3,299,558 0.09 EUR 9,300,000 Citigroup EMTN variable 25/02/2030 8,579,250 0.22 EUR 6,500,000 Citigroup variable 10/02/2019 6,302,400 0.17

EUR 2,810,000 Fresenius US Finance II RegS 8.75% 15/07/2015 3,311,416 0.09

EUR 4,000,000 GE Capital European Funding EMTN 4.25% 01/03/2017 4,484,568 0.12



EUR 3,400,000 GE Capital European Funding EMTN 6% 15/01/2019 4,236,424 0.11

EUR 2,500,000 General Electric Capital RegS variable15/09/2067 2,496,875 0.07

EUR 5,000,000 GMAC International Finance 7.5% 21/04/2015 5,480,225 0.14

EUR 1,400,000 Goldman Sachs 4.5% 23/05/2016 1,523,479 0.04 EUR 4,200,000 Goldman Sachs 4.75% 28/01/2014 4,364,703 0.12 EUR 5,000,000 Goldman Sachs 5.125% 16/10/2014 5,345,123 0.14 EUR 4,900,000 Goldman Sachs EMTN 4% 02/02/2015 5,168,513 0.14 EUR 3,000,000 Goldman Sachs EMTN 4.375% 16/03/2017 3,288,701 0.09 EUR 3,900,000 Goldman Sachs RegS 4.5% 09/05/2016 4,237,763 0.11



EUR 2,500,000 JPMorgan Chase & Co. EMTN variable 31/03/2018 2,416,100 0.06

EUR 2,500,000 JPMorgan Chase & Co. EMTN variable 12/11/2019 2,516,435 0.07

EUR 2,000,000 Levi Strauss & Co 7.75% 15/05/2018 2,119,950 0.06 EUR 1,400,000 McDonald's EMTN 5% 26/03/2015 1,537,106 0.04

EUR 2,400,000 Merrill Lynch & Co. EMTN 4.625% 14/09/2018 2,542,128 0.07

EUR 2,400,000 Mondelez International 6.25% 20/03/2015 2,676,833 0.07 EUR 20,800,000 Morgan Stanley EMTN 3.75% 21/09/2017 22,194,338 0.59 EUR 2,000,000 Morgan Stanley GMTN 4.5% 23/02/2016 2,153,159 0.06 EUR 2,700,000 Morgan Stanley GMTN 5.375% 10/08/2020 3,076,055 0.08 EUR 1,100,000 Morgan Stanley GMTN 6.5% 28/12/2018 1,318,109 0.03 EUR 2,500,000 Pfizer 4.55% 15/05/2017 2,890,091 0.08 EUR 2,500,000 Pfizer 4.75% 15/12/2014 2,704,725 0.07 EUR 5,600,000 Pfizer 4.75% 03/06/2016 6,349,820 0.17 EUR 5,400,000 Pfizer 5.75% 03/06/2021 7,065,025 0.19 EUR 4,200,000 Procter & Gamble 4.5% 12/05/2014 4,438,424 0.12 EUR 2,800,000 Procter & Gamble 4.875% 11/05/2027 3,598,482 0.09 EUR 2,900,000 Procter & Gamble 5.125% 24/10/2017 3,473,780 0.09 EUR 1,500,000 Swiss Re Treasury US EMTN 7% 19/05/2014 1,629,299 0.04 EUR 2,600,000 Wells Fargo Bank EMTN 6% 23/05/2013 2,657,702 0.07 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 3,379,813,139 89.22 주식수 또는 원금


시가 EUR

% 순자산

Belgium 6,888,888 0.18


EUR 1,500,000 Ontex IV RegS 7.5% 15/04/2018 1,603,590 0.04 France 44,567,938 1.18 EUR 17,300,000 Carrefour Banque 2.875% 25/09/2015 18,019,836 0.48

EUR 8,000,000 Cie Financiere et Industrielle des Autoroutes 5% 24/05/2021 9,575,832 0.25

EUR 2,100,000 France Telecom EMTN 3.625% 14/10/2015 2,257,655 0.06

EUR 3,400,000 LVMH Moet Hennessy Louis Vuitton EMTN 4.375% 12/05/2014 3,573,987 0.09

EUR 3,900,000 Sanofi EMTN 4.5% 18/05/2016 4,397,106 0.12 EUR 3,200,000 Total Capital EMTN 3.5% 27/02/2014 3,314,085 0.09 EUR 3,200,000 Vivendi EMTN 7.75% 23/01/2014 3,429,437 0.09 Germany 32,440,955 0.86 EUR 1,123,000 BASF Finance Europe EMTN 5% 26/09/2014 1,210,981 0.03

EUR 5,700,000 BASF Finance Europe EMTN 5.125% 09/06/2015 6,329,941 0.17

EUR 3,300,000 Commerzbank EMTN 4.75% 26/01/2015 3,568,313 0.09



EUR 2,000,000 Enbw International Finance EMTN 6% 20/11/2013 2,095,330 0.06



EUR 3,900,000 Henkel KGaA variable 25/11/2104 4,206,263 0.11

EUR 400,000 Merck Financial Services EMTN 3.375% 24/03/2015 423,594 0.01

EUR 2,100,000 RWE EMTN 5.75% 14/02/2033 2,839,186 0.08 Italy 51,223,099 1.35 EUR 4,623,000 Edison EMTN 3.25% 17/03/2015 4,816,020 0.13 EUR 28,900,000 Intesa Sanpaolo EMTN 4.125% 19/09/2016 30,219,242 0.80 EUR 5,000,000 Intesa Sanpaolo GMTN 4% 08/11/2018 5,127,140 0.13 EUR 10,700,000 Lottomatica 3.5% 05/03/2020 11,060,697 0.29

Mexico 3,442,500 0.09

EUR 3,000,000 Pemex Project Funding Master Trust RegS 5.5% 24/02/2025 3,442,500 0.09

Netherlands 1,750,650 0.04 EUR 1,500,000 ASML 5.75% 13/06/2017 1,750,650 0.04 Switzerland 15,513,463 0.41

EUR 6,500,000 Credit Suisse/Guernsey EMTN 2.875% 24/09/2015 6,855,820 0.18

EUR 1,114,000 Roche EMTN 5.625% 04/03/2016 1,288,727 0.04

EUR 2,600,000 Swiss Reinsurance Co via ELM variable perpetual 2,675,901 0.07

EUR 4,070,000 Zurich Finance USA EMTN 6.5% 14/10/2015 4,693,015 0.12 United States of America 4,130,245 0.11 EUR 3,000,000 Citigroup EMTN 3.95% 10/10/2013 3,073,725 0.08 EUR 1,000,000 Morgan Stanley GMTN 4.5% 29/10/2014 1,056,520 0.03 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 159,957,738 4.22 총 투자자산 3,539,770,877 93.44 기타 순자산 248,401,547 6.56 순자산가치 3,788,172,424 100.00

슈로더 이머징마켓 채권 펀드 (Emerging Market Bond)* 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Argentina 1,664,246 6.03 USD 1,700,000 Argentina Bonar Bonds 7% 17/04/2017 1,440,495 5.22

USD 300,000 Provincia de Buenos Aires RegS 10.875% 26/01/2021 223,751 0.81

Aruba 404,414 1.47 USD 400,000 Aruba RegS 4.625% 14/09/2023 404,414 1.47 Belarus 566,585 2.05 USD 550,000 Republic of Belarus 8.75% 03/08/2015 566,585 2.05 Brazil 1,333,147 4.83 USD 200,000 QGOG Constellation RegS 6.25% 09/11/2019 209,417 0.76 USD 100,000 Vale Overseas 4.375% 11/01/2022 107,155 0.39


USD 450,000 Votorantim Cimentos RegS 7.25% 05/04/2041 505,085 1.83 China 230,452 0.84

USD 200,000 China Shanshui Cement RegS 10.5% 27/04/2017 230,452 0.84

Colombia 655,348 2.38

COP 1,000,000,000 Empresas Publicas de Medellin RegS 8.375% 01/02/2021 655,348 2.38

Croatia 227,619 0.83 USD 200,000 Croatia Government RegS 6.375% 24/03/2021 227,619 0.83 Hungary 1,144,394 4.15 USD 100,000 Hungary Government 6.375% 29/03/2021 111,319 0.40 HUF 60,000,000 Hungary Government 6.5% 24/06/2019 279,783 1.01 HUF 60,000,000 Hungary Government 7% 24/06/2022 288,658 1.05 USD 400,000 Hungary Government 7.625% 29/03/2041 464,634 1.69 India 704,956 2.56 USD 300,000 ICICI Bank/Dubai RegS 4.75% 25/11/2016 314,310 1.14 USD 370,000 Vedanta Resources RegS 6.75% 07/06/2016 390,646 1.42 Indonesia 1,083,484 3.93 USD 800,000 Bumi Investment RegS 10.75% 06/10/2017 719,788 2.61 USD 320,000 Indosat Palapa RegS 7.375% 29/07/2020 363,696 1.32 Kazakhstan 578,918 2.10

USD 200,000 Development Bank of Kazakhstan RegS 4.125% 10/12/2022 202,353 0.73

USD 300,000 Kazakhstan Temir Zholy Finance RegS 6.95% 10/07/2042 376,565 1.37

Mexico 1,902,778 6.90 MXN 15,830,000 America Movil SAB de 6.45% 05/12/2022 1,259,952 4.57 USD 350,000 Cemex Finance RegS 9.375% 12/10/2022 395,091 1.43 MXN 2,740,000 Mexican Bonos 8.5% 13/12/2018 247,735 0.90 Mongolia 494,945 1.79

USD 500,000 Mongolia Government RegS 4.125% 05/01/2018 494,945 1.79

Panama 260,000 0.94 USD 250,000 ENA Norte Trust RegS 4.95% 25/04/2023 260,000 0.94 Romania 122,075 0.44 USD 100,000 Romanian Government RegS 6.75% 07/02/2022 122,075 0.44 Russia 1,155,612 4.19 USD 250,000 Brunswick Rail Finance RegS 6.5% 01/11/2017 260,110 0.94 USD 200,000 Gazprom OAO RegS 4.95% 19/07/2022 214,884 0.78

USD 100,000 Russian Agricultural Bank Via RSHB Capital RegS 7.75% 29/05/2018 119,244 0.43

USD 390,000 SCF Capital RegS 5.375% 27/10/2017 400,087 1.45

USD 150,000 Sistema International Funding RegS 6.95% 17/05/2019 161,287 0.59

Supranational 208,508 0.76

USD 200,000 Eurasian Development Bank RegS 4.767% 20/09/2022 208,508 0.76

Serbia 669,211 2.43 USD 400,000 Republic of Serbia RegS 7.25% 28/09/2021 461,036 1.67 USD 200,000 Republic of Serbia RegS 5.25% 21/11/2017 208,175 0.76 South Africa 403,567 1.46 USD 410,000 Gold Fields Orogen RegS 4.875% 07/10/2020 403,567 1.46 Sri Lanka 163,997 0.59 USD 150,000 Sri Lanka Government RegS 6.25% 04/10/2020 163,997 0.59 Turkey 473,063 1.71 TRY 690,000 Turkey Government 10.5% 15/01/2020 473,063 1.71 Ukraine 1,030,535 3.74

USD 1,000,000 National JSC Naftogaz of Ukraine 9.5% 30/09/2014 1,030,535 3.74


USD 200,000 El Salvador Government RegS 5.875% 30/01/2025 202,106 0.73

BRL 1,550,000 Morgan Stanley 11.5% 22/10/2020 887,760 3.22 USD 225,000 Southern Copper 5.25% 08/11/2042 227,260 0.82 Venezuela 2,057,426 7.46 USD 2,095,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 2,057,426 7.46 Vietnam 171,928 0.62 USD 150,000 Vietnam Government RegS 6.75% 29/01/2020 171,928 0.62 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 19,024,334 68.97 주식수 또는 원금


시가 USD

% 순자산

Argentina 625,462 2.27 BRL 1,200,000 Arcos Dorados RegS 10.25% 13/07/2016 625,462 2.27 Brazil 1,002,830 3.64

USD 60,000 BR Malls International Finance RegS 8.5% perpetual 66,096 0.24

USD 260,000 Cielo/USA RegS 3.75% 16/11/2022 256,952 0.93 USD 390,000 Odebrecht Finance RegS 7.125% 26/06/2042 453,703 1.65 USD 250,000 OGX Austria RegS 8.5% 01/06/2018 226,079 0.82 Chile 313,878 1.14 CLP 150,000,000 Banco Santander Chile RegS 6.5% 22/09/2020 313,878 1.14 Colombia 665,931 2.41 COP 1,000,000,000 Emgesa RegS 8.75% 25/01/2021 665,931 2.41 Costa Rica 201,525 0.73 USD 200,000 Costa Rica Government RegS 4.25% 26/01/2023 201,525 0.73 Ecuador 256,484 0.93 USD 250,000 Ecuador Government RegS 9.375% 15/12/2015 256,484 0.93 Jamaica 155,400 0.56 USD 140,000 Digicel RegS 10.5% 15/04/2018 155,400 0.56 Luxembourg 209,793 0.76


Mexico 2,478,410 8.98

USD 150,000

Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander RegS 4.125% 09/11/2022 152,057 0.55

USD 200,000 Mexichem SAB de RegS 6.75% 19/09/2042 225,612 0.82

USD 400,000 Mexico Generadora de Energia RegS5.5% 06/12/2032 433,452 1.57

USD 1,510,000 Petroleos Mexicanos 5.5% 27/06/2044 1,667,289 6.04 Philippines 253,206 0.92 PHP 10,000,000 Philippine Government 3.9% 26/11/2022 253,206 0.92 South Africa 777,430 2.82 ZAR 8,000,000 South Africa Government 6.5% 28/02/2041 777,430 2.82 Venezuela 668,520 2.42 USD 800,000 Venezuela Government RegS 6% 09/12/2020 668,520 2.42 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 7,608,869 27.58 총 투자자산 26,633,203 96.55 기타 순자산 951,998 3.45 순자산가치 27,585,201 100.00 * 해당 연도 동안 발생한 검토 중인 제반 법인조치에 관한 자세한 내용은 이사보고서를 참고하시기 바랍니다.

슈로더 이머징마켓 회사채 펀드 (Emerging Market Corporate Bond)* 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Argentina 505,007 0.70 USD 500,000 Argentina Bonar Bonds 7% 12/09/2013 505,007 0.70 Brazil 2,278,343 3.16 USD 400,000 Banco do Brasil/Cayman 3.875% 10/10/2022 403,160 0.56 USD 100,000 Minerva Overseas II RegS 10.875% 15/11/2019 115,248 0.16

USD 200,000 Petrobras International Finance - Pifco 6.75% 27/01/2041 253,635 0.35

USD 400,000 Vale Overseas 4.375% 11/01/2022 428,620 0.59 USD 350,000 Vale Overseas 6.875% 10/11/2039 444,006 0.62


USD 200,000 Votorantim Cimentos RegS 7.25% 05/04/2041 224,482 0.31 Chile 208,996 0.29 USD 200,000 CFR International RegS 5.125% 06/12/2022 208,996 0.29 China 4,153,436 5.76 USD 100,000 Agile Property 4% 28/04/2016 102,856 0.14 USD 300,000 Agile Property RegS 10% 14/11/2016 329,155 0.46 USD 400,000 Big Will Investments EMTN 10.88% 29/04/2016 440,306 0.61 USD 200,000 China Liansu RegS 7.875% 13/05/2016 210,304 0.29 USD 200,000 China Merchants Finance EMTN 5% 04/05/2022 217,423 0.30

USD 200,000 China Overseas Finance Cayman V 3.95% 15/11/2022 200,411 0.28

USD 400,000 China Shanshui Cement Group RegS 10.5% 27/04/2017 460,904 0.64

USD 250,000 Country Garden RegS 11.75% 10/09/2014 278,274 0.38 USD 200,000 Fantasia 13.75% 27/09/2017 222,750 0.31 USD 300,000 Franshion Investment RegS 4.7% 26/10/2017 300,416 0.42 CNH 600,000 Kaisa 8% 20/12/2015 104,285 0.14 USD 100,000 Kaisa RegS 13.5% 28/04/2015 108,993 0.15 USD 200,000 KWG Property 13.25% 22/03/2017 239,195 0.33 USD 200,000 Longfor Properties EMTN 6.875% 18/10/2019 208,710 0.29

USD 250,000 Mega Advance Investments RegS 6.375% 12/05/2041 322,455 0.45

USD 200,000 SOHO China RegS 5.75% 07/11/2017 200,183 0.28 USD 200,000 Tencent RegS 3.38% 05/03/2018 206,816 0.29 Colombia 870,058 1.21 USD 400,000 Bancolombia 5.125% 11/09/2022 415,784 0.58 USD 350,000 Ecopetrol 7.625% 23/07/2019 454,274 0.63 Czech Republic 268,271 0.37 USD 250,000 CEZ RegS 4.25% 03/04/2022 268,271 0.37 Hong Kong SAR 5,553,797 7.70

USD 200,000 Central China Real Estate RegS 12.25% 20/10/2015 221,898 0.31

USD 250,000 Fita International 7% 10/02/2020 285,729 0.39 USD 350,000 Henderson Land 4.75% 14/02/2017 373,849 0.52

USD 850,000 Hutchison Whampoa International 10 RegS variable perpetual 903,223 1.25

USD 1,000,000 Hutchison Whampoa International 11 RegS 4.625% 13/01/2022 1,117,745 1.55

USD 300,000 Noble RegS 4.875% 05/08/2015 310,635 0.43 USD 150,000 Noble RegS 6.625% 05/08/2020 156,277 0.22 USD 50,000 PB Issuer No 2 1.75% 12/04/2016 49,199 0.07 USD 450,000 PCCW Capital No 4 RegS 5.75% 17/04/2022 496,040 0.69 USD 650,000 PHBS 6.625% perpetual 663,556 0.92 USD 250,000 Shimao Property RegS 8% 01/12/2016 258,436 0.36 USD 200,000 Shimao Property RegS 9.65% 03/08/2017 220,833 0.30

USD 200,000 Sun Hung Kai Properties Capital Market EMTN 4.5% 14/02/2022 214,637 0.30

USD 250,000 Wiseyear 5.875% 06/04/2021 281,740 0.39 India 3,550,436 4.92 USD 400,000 Axis Bank/Dubai EMTN 5.25% 30/09/2015 423,275 0.59 USD 200,000 Bharat Petroleum RegS 4.625% 25/10/2022 204,432 0.28 USD 500,000 ICICI Bank/Bahrain RegS 5.5% 25/03/2015 529,410 0.73 USD 300,000 ICICI Bank/Dubai RegS 4.7% 21/02/2018 315,339 0.44 USD 250,000 Indian Oil RegS 5.625% 02/08/2021 272,802 0.38 USD 200,000 Indian Railway Finance 3.417% 10/10/2017 202,090 0.28 USD 200,000 NTPC EMTN 4.75% 03/10/2022 206,244 0.28 USD 250,000 Reliance USA RegS 5.4% 14/02/2022 278,749 0.39 USD 250,000 Reliance USA RegS 6.25% 19/10/2040 289,226 0.40 USD 600,000 Vedanta Resources Jersey 5.5% 13/07/2016 617,709 0.86 USD 200,000 Vedanta Resources RegS 6.75% 07/06/2016 211,160 0.29 Indonesia 2,075,554 2.88 USD 200,000 Indo Energy Finance RegS 7% 07/05/2018 210,052 0.29 USD 750,000 Indosat Palapa RegS 7.375% 29/07/2020 852,413 1.18

USD 250,000 Pertamina Persero RegS 6% 03/05/2042 283,369 0.40

USD 300,000 Perusahaan Listrik Negara RegS 5.25% 24/10/2042 310,457 0.43

USD 400,000 Theta Capital 7% 16/05/2019 419,263 0.58 Kazakhstan 1,261,512 1.75

USD 200,000 Development Bank of Kazakhstan RegS 4.125% 10/12/2022 202,353 0.28

USD 400,000 Halyk Savings Bank of Kazakhstan RegS 7.25% 28/01/2021 433,200 0.60

USD 200,000 Kazakhstan Temir Zholy Finance RegS 6.95% 10/07/2042 251,043 0.35

USD 300,000 KazMunayGas National RegS 7% 05/05/2020 374,916 0.52 Luxembourg 265,625 0.37 USD 250,000 Altice Financing RegS 7.875% 15/12/2019 265,625 0.37 Malaysia 1,460,020 2.02 USD 380,000 Axiata SPV1 Labuan 5.375% 28/04/2020 434,427 0.60 USD 500,000 Hong Leong Bank EMTN 3.125% 19/04/2017 513,883 0.71 USD 250,000 IOI Investment L EMTN 4.375% 27/06/2022 261,865 0.36 USD 250,000 Malayan Banking EMTN variable 20/09/2022 249,845 0.35 Mexico 1,736,831 2.41 USD 500,000 America Movil SAB de 3.125% 16/07/2022 511,253 0.71 USD 650,000 Cemex Finance RegS 9.375% 12/10/2022 733,740 1.02 USD 250,000 Cemex RegS 9% 11/01/2018 272,748 0.38 USD 200,000 Grupo Bimbo RegS 4.5% 25/01/2022 219,090 0.30 Norway 271,064 0.38 USD 250,000 BW RegS 6.625% 28/06/2017 271,064 0.38 Philippines 1,980,211 2.75 USD 250,000 Alliance Global/Cayman 6.5% 18/08/2017 277,464 0.39

USD 325,000 Development Bank of Philippines 5.5% 25/03/2021 374,973 0.52

USD 300,000 Energy Development RegS 6.5% 20/01/2021 338,822 0.47

USD 250,000 International Container Terminal Services 7.375% 17/03/2020 295,884 0.41

USD 200,000 SM Investments 4.25% 17/10/2019 203,301 0.28 USD 250,000 SM Investments 5.5% 13/10/2017 270,107 0.38 USD 200,000 SMC Global Power 7% 28/01/2016 219,660 0.30 Poland 579,304 0.80 USD 550,000 PKO Finance RegS 4.63% 26/09/2022 579,304 0.80 Qatar 1,130,705 1.57

USD 1,000,000 Qtel International Finance RegS 4.75% 16/02/2021 1,130,705 1.57

Russia 6,926,804 9.61



USD 200,000 ALROSA Finance RegS 7.75% 03/11/2020 232,833 0.32 USD 200,000 ALROSA Finance RegS 8.875% 17/11/2014 221,898 0.31

USD 200,000 Brunswick Rail Finance RegS 6.5% 01/11/2017 208,088 0.29

USD 1,000,000 Gazprom OAO Via Gaz Capital RegS 4.95% 19/07/2022 1,074,420 1.49

USD 300,000 Gazprom OAO Via Gaz Capital RegS 4.95% 23/05/2016 322,616 0.45

USD 200,000 Lukoil International Finance RegS 6.356% 07/06/2017 229,531 0.32

USD 400,000 Lukoil International Finance RegS 6.656% 07/06/2022 488,546 0.68

USD 600,000 Novatek OAO via Novatek Finance RegS 4.422% 13/12/2022 603,204 0.83

RUB 3,000,000 Russian Agricultural Bank Via RSHB Capital 8.625% 17/02/2017 100,004 0.14

USD 400,000 Sberbank of Russia Via SB Capital RegS 4.95% 07/02/2017 432,200 0.60

USD 800,000 Sberbank of Russia Via SB Capital RegS 6.125% 07/02/2022 915,436 1.27

USD 200,000 Sistema International Funding RegS 6.95% 17/05/2019 215,049 0.30

USD 200,000 Vimpel Communications Via VIP Finance Ireland RegS 6.493% 02/02/2016 215,764 0.30

USD 500,000 VimpelCom RegS 7.504% 01/03/2022 574,583 0.80 USD 400,000 VTB Bank Via VTB Capital RegS 6% 12/04/2017 433,042 0.60 Singapore 1,884,446 2.61

USD 500,000 CapitaLand Treasury EMTN 4.076% 20/09/2022 510,858 0.71

USD 250,000 CMT MTN EMTN 3.731% 21/03/2018 265,355 0.37 USD 600,000 DBS Bank RegS variable 21/09/2022 631,851 0.88 USD 250,000 United Overseas Bank RegS variable 03/09/2019 263,944 0.36 USD 200,000 UOB Cayman RegS variable perpetual 212,438 0.29

South Africa 1,074,014 1.49 USD 500,000 AngloGold Ashanti 5.125% 01/08/2022 517,920 0.72 USD 250,000 Myriad International RegS 6.375% 28/07/2017 282,656 0.39 USD 250,000 Sappi Papier GmbH RegS 7.75% 15/07/2017 273,438 0.38 South Korea 899,614 1.25 USD 300,000 Hana Bank RegS 4.25% 14/06/2017 327,108 0.46

USD 300,000 Korea Hydro & Nuclear Power RegS 4.75% 13/07/2021 340,782 0.47

USD 200,000 Woori Bank RegS 5.875% 13/04/2021 231,724 0.32 Sri Lanka 214,793 0.30 USD 200,000 Sri Lanka (Republic of) 5.88% 25/07/2022 214,793 0.30 Taiwan 252,144 0.35

USD 250,000 Chinatrust Commercial Bank Hong Kong RegS variable perpetual 252,144 0.35

Thailand 1,587,680 2.20 USD 300,000 Bangkok Bank RegS 4.8% 18/10/2020 331,143 0.46 USD 400,000 PTT Global Chemical RegS 4.25% 19/09/2022 416,016 0.58 USD 300,000 PTT RegS 3.375% 25/10/2022 300,060 0.41



Turkey 1,214,722 1.68

USD 200,000 Anadolu Efes Biracilik Ve Malt Sanayii RegS 3.375% 01/11/2022 198,313 0.27

USD 200,000 Turkiye Halk Bankasi RegS 4.875% 19/07/2017 213,702 0.30 USD 200,000 Turkiye Is Bankasi RegS 3.875% 07/11/2017 204,828 0.28 USD 250,000 Turkiye Vakiflar Bankasi Tao 6% 01/11/2022 259,758 0.36 USD 300,000 Yapi ve Kredi Bankasi RegS 6.75% 08/02/2017 338,121 0.47 Ukraine 860,906 1.19 USD 250,000 DTEK Finance RegS 9.5% 28/04/2015 253,331 0.35 USD 400,000 Ukraine Government RegS 7.65% 11/06/2013 403,980 0.56 USD 200,000 Ukraine Government RegS 7.95% 04/06/2014 203,595 0.28 United Arab Emirates 3,734,622 5.18

USD 300,000 Abu Dhabi National Energy RegS 3.625% 12/01/2023 309,077 0.43



USD 250,000 DP World RegS 6.85% 02/07/2037 293,275 0.41

USD 400,000 Dubai Electricity & Water Authority RegS 7.375% 21/10/2020 493,014 0.68

USD 100,000 Emirate of Dubai Government International Bonds EMTN 6.7% 05/10/2015 110,937 0.15

USD 500,000 Emirate of Dubai Government International Bonds EMTN 7.75% 05/10/2020 632,620 0.88

USD 250,000 Emirates NBD EMTN 4.625% 28/03/2017 262,633 0.37 USD 400,000 IPIC GMTN RegS 5% 15/11/2020 454,848 0.63 United Kingdom 388,097 0.54 USD 200,000 Standard Chartered 5.7% 25/01/2022 222,259 0.31 USD 150,000 Standard Chartered Bank variable perpetual 165,838 0.23 United States of America 2,895,743 4.01 USD 200,000 Akbank RegS 3.875% 24/10/2017 205,698 0.29 USD 500,000 America Movil SAB de 4.375% 16/07/2042 526,602 0.73

USD 900,000 Oversea-Chinese Banking RegS 3.15% 11/03/2023 920,691 1.28

USD 450,000 Southern Copper 5.375% 16/04/2020 518,096 0.72 USD 600,000 Southern Copper 6.75% 16/04/2040 724,656 0.99 Venezuela 102,250 0.14 USD 100,000 Venezuela Government 8.5% 08/10/2014 102,250 0.14 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 50,185,005 69.59 주식수 또는 원금


시가 USD

% 순자산

Argentina 218,095 0.30 USD 200,000 Arcos Dorados RegS 7.5% 01/10/2019 218,095 0.30 Barbados 200,265 0.28 USD 180,000 Columbus International RegS 11.5% 20/11/2014 200,265 0.28 Brazil 4,070,165 5.65

USD 200,000 Banco Bradesco/Cayman Islands RegS 5.75% 01/03/2022 217,030 0.30

USD 200,000 Banco do Brasil/Cayman 3.875% 23/01/2017 209,696 0.29

USD 350,000 Banco do Brasil/Cayman RegS 5.375% 15/01/2021 373,856 0.52

USD 100,000 Braskem Finance RegS 7% 07/05/2020 113,071 0.16

USD 400,000 Caixa Economica Federal RegS 2.375% 06/11/2017 399,168 0.55

USD 300,000 Cielo RegS 3.75% 16/11/2022 296,482 0.41

USD 250,000 Globo Comunicacao e Participações RegS 4.875% 11/04/2022 274,219 0.38

USD 300,000 Itau Unibanco/Cayman Islands RegS 5.125% 13/05/2023 307,600 0.43

USD 100,000 Itau Unibanco/Cayman Islands RegS 5.75% 22/01/2021 107,052 0.15

USD 250,000 NET Servicos de Comunicacao 7.5% 27/01/2020 288,019 0.40

USD 485,000 Odebrecht Drilling Norbe VIII/IX RegS 6.35% 30/06/2021 547,878 0.76

USD 400,000 Odebrecht Finance RegS 5.125% 26/06/2022 435,816 0.60

USD 100,000 Rearden G Holdings EINS RegS 7.875% 30/03/2020 111,566 0.16

USD 330,000 Voto-Votorantim RegS 6.75% 05/04/2021 388,712 0.54 Chile 1,494,435 2.07

USD 350,000 Celulosa Arauco y Constitucion 4.75% 11/01/2022 369,239 0.51

USD 350,000 E.CL RegS 5.625% 15/01/2021 397,717 0.55 USD 300,000 Inversiones CMPC RegS 4.5% 25/04/2022 307,893 0.43 USD 300,000 Inversiones CMPC RegS 4.75% 19/01/2018 317,103 0.44

USD 100,000 Telefonica Moviles Chile RegS 2.875% 09/11/2015 102,483 0.14

China 812,864 1.13

USD 200,000 China CITIC Bank International EMTN variable 28/09/2022 199,100 0.28

USD 200,000 China Resources Power East Foundation variable perpetual 211,233 0.29

USD 200,000 Citic Pacific RegS 6.8% 17/01/2023 203,740 0.28 USD 200,000 COSL Finance BVI RegS 3.25% 06/09/2022 198,791 0.28 Colombia 1,214,611 1.68 USD 200,000 Banco de Bogota RegS 5% 15/01/2017 216,727 0.30 USD 200,000 Grupo Aval RegS 5.25% 01/02/2017 214,120 0.30

USD 340,000 Pacific Rubiales Energy RegS 7.25% 12/12/2021 394,193 0.54

USD 350,000 Transportadora de Gas Internacional ESP RegS 5.7% 20/03/2022 389,571 0.54

El Salvador 102,628 0.14

USD 100,000 AES El Salvador Trust RegS 6.75% 01/02/2016 102,628 0.14

Hong Kong SAR 1,464,140 2.03

USD 600,000 Bank of China Hong Kong RegS 5.55% 11/02/2020 679,257 0.94

USD 500,000 Bank of East Asia EMTN variable 04/05/2022 565,069 0.78

USD 200,000 Swire Properties MTN Financing EMTN 4.375% 18/06/2022 219,814 0.31

India 206,273 0.29

USD 200,000 State Bank of India/London RegS 4.125% 01/08/2017 206,273 0.29

Indonesia 505,060 0.70 USD 450,000 Listrindo Capital RegS 6.95% 21/02/2019 505,060 0.70 Jamaica 1,332,000 1.85 USD 1,200,000 Digicel RegS 10.5% 15/04/2018 1,332,000 1.85 Luxembourg 209,793 0.29


Mexico 2,426,301 3.36

USD 500,000

Banco Santander Mexico Institucion de Banca Multiple Grupo Financiero Santander RegS 4.125% 09/11/2022 506,855 0.70

USD 250,000 BBVA Bancomer/Texas RegS 4.5% 10/03/2016 266,576 0.37 USD 250,000 BBVA Bancomer/Texas RegS 6.5% 10/03/2021 278,987 0.39

USD 200,000 Cemex Espana Luxembourg RegS 9.25% 12/05/2020 218,636 0.30

USD 300,000 Mexichem SAB de RegS 6.75% 19/09/2042 338,418 0.47


USD 200,000 Petroleos Mexicanos 5.5% 27/06/2044 220,833 0.30 Peru 1,699,243 2.36

USD 600,000 Banco de Credito del Peru RegS variable 24/04/2027 657,309 0.91

USD 300,000 BBVA Banco Continental RegS 5% 26/08/2022 322,843 0.45

USD 200,000 Corp Financiera de Desarrollo RegS 4.75% 08/02/2022 220,833 0.31

USD 450,000 Volcan Cia Minera RegS 5.375% 02/02/2022 498,258 0.69 Philippines 253,206 0.35 PHP 10,000,000 Philippine Government 3.9% 26/11/2022 253,206 0.35

Russia 425,804 0.59 USD 200,000 Evraz RegS 7.4% 24/04/2017 211,395 0.29

USD 200,000 Severstal OAO Via Steel Capital RegS 6.25% 26/07/2016 214,409 0.30

Thailand 207,265 0.29

USD 200,000 Bangkok Bank/Hong Kong RegS 3.875% 27/09/2022 207,265 0.29

Turkey 414,088 0.57 USD 400,000 Turkiye Garanti Bankasi RegS 4% 13/09/2017 414,088 0.57 United Arab Emirates 700,755 0.97 USD 600,000 Dolphin Energy RegS 5.5% 15/12/2021 700,755 0.97 United States of America 200,502 0.28 USD 200,000 Telefonica Chile RegS 3.875% 12/10/2022 200,502 0.28 Venezuela 656,052 0.91 USD 250,000 Petroleos de Venezuela 4.9% 28/10/2014 238,227 0.33 USD 500,000 Venezuela Government 6% 09/12/2020 417,825 0.58 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 18,813,545 26.09 총 투자자산 68,998,550 95.68 기타 순자산 3,113,030 4.32 순자산가치 72,111,580 100.00 * 해당 연도 동안 발생한 검토 중인 제반 법인조치에 관한 자세한 내용은 이사보고서를 참고하시기 바랍니다.

슈로더 이머징마켓 국채 펀드 (Emerging Market Sovereign Bond)* 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Colombia 545,250 3.21


Hungary 1,542,087 9.07 HUF 85,000,000 Hungary Government 6.5% 24/06/2019 396,359 2.33 HUF 100,000,000 Hungary Government 6.75% 24/02/2017 467,576 2.75 HUF 64,000,000 Hungary Government 7% 24/06/2022 307,902 1.81 HUF 75,000,000 Hungary Government 7.5% 12/11/2020 370,250 2.18 Mexico 2,468,606 14.51 MXN 10,140,000 America Movil SAB de 6.45% 05/12/2022 807,070 4.74 MXN 8,700,000 Mexican Bonos 6.5% 09/06/2022 727,156 4.28 MXN 3,150,000 Mexican Bonos 7.5% 03/06/2027 283,068 1.66 MXN 3,900,000 Mexican Bonos 7.75% 14/12/2017 334,969 1.97 MXN 2,780,000 Mexican Bonos 8% 17/12/2015 232,459 1.37 MXN 1,000,000 Mexican Bonos 9.5% 18/12/2014 83,884 0.49 Poland 779,456 4.58 PLN 800,000 Poland Government 4.75% 25/10/2016 273,748 1.61 PLN 950,000 Poland Government 5.25% 25/10/2017 334,984 1.97 PLN 450,000 Poland Government 5.75% 23/09/2022 170,724 1.00 Russia 469,588 2.76


Supranational 813,369 4.78

RUB 25,000,000 Eurasian Development Bank EMTN 8% 05/10/2017 813,369 4.78

Turkey 1,674,445 9.84 TRY 1,294,000 Turkey Government 8% 04/06/2014 743,762 4.37 TRY 1,080,000 Turkey Government 9% 08/03/2017 661,653 3.89 TRY 400,000 Turkey Government 9.5% 12/01/2022 269,030 1.58 United States of America 715,936 4.21 BRL 1,250,000 Morgan Stanley 11.5% 22/10/2020 715,936 4.21 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 9,008,737 52.96 주식수 또는 원금


시가 USD

% 순자산

Argentina 521,218 3.06 BRL 1,000,000 Arcos Dorados RegS 10.25% 13/07/2016 521,218 3.06 Brazil 580,077 3.41 BRL 1,039,000 Banco do Brasil RegS 9.75% 18/07/2017 580,077 3.41 Chile 163,217 0.96 CLP 78,000,000 Banco Santander Chile RegS 6.5% 22/09/2020 163,217 0.96 Colombia 475,475 2.80 COP 714,000,000 Emgesa ESP RegS 8.75% 25/01/2021 475,475 2.80 Malaysia 1,646,408 9.68 MYR 2,500,000 Malaysia Government Bond 3.58% 28/09/2018 828,618 4.87 MYR 1,600,000 Malaysia Government Bond 3.741% 27/02/2015 530,971 3.12 MYR 850,000 Malaysia Government Bond 4.127% 15/04/2032 286,819 1.69 Peru 196,791 1.16 PEN 400,000 Peruvian Government RegS 7.84% 12/08/2020 196,791 1.16 Philippines 576,774 3.39 PHP 10,000,000 Philippine Government 3.9% 26/11/2022 253,207 1.49 PHP 11,000,000 Philippine Government 6.25% 14/01/2036 323,567 1.90 Russia 177,670 1.04

RUB 5,000,000 Russian Foreign-Eurobond RegS 7.85% 10/03/2018 177,670 1.04

South Africa 1,705,038 10.02 ZAR 10,000,000 South Africa Government 6.5% 28/02/2041 971,788 5.71 ZAR 3,100,000 South Africa Government 7.25% 15/01/2020 385,640 2.27 ZAR 2,300,000 South Africa Government 10.5% 21/12/2026 347,610 2.04 Thailand 1,061,621 6.24 THB 10,000,000 Thailand Government 2.8% 10/10/2017 322,513 1.90 THB 14,000,000 Thailand Government 3.58% 17/12/2027 444,589 2.61 THB 4,000,000 Thailand Government 3.775% 25/06/2032 125,792 0.74 THB 5,000,000 Thailand Government 5.25% 12/05/2014 168,727 0.99 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 7,104,289 41.76 총 투자자산 16,113,026 94.72 기타 순자산 897,423 5.28 순자산가치 17,010,449 100.00 * 해당 연도 동안 발생한 검토 중인 제반 법인조치에 관한 자세한 내용은 이사보고서를 참고하시기 바랍니다.

슈로더 글로벌 전환사채 펀드 (Global Convertible Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Austria 5,362,805 0.63 EUR 90,000,000 IMMOFINANZ 4.25% 08/03/2018 5,362,805 0.63 Belgium 10,134,170 1.20 EUR 6,000,000 UCB 4.5% 22/10/2015 10,134,170 1.20 China 71,314,515 8.42 USD 14,000,000 Agile Property 4% 28/04/2016 14,399,840 1.70 USD 18,900,000 Billion Express Investments 0.75% 18/10/2015 20,025,022 2.37 USD 6,000,000 Giant Great 3% 21/07/2016 7,210,620 0.85 CNH 45,000,000 Kaisa 8% 20/12/2015 7,821,353 0.92 HKD 40,000,000 Maoye International 3% 13/10/2015 4,958,950 0.59 HKD 50,000,000 Power Regal 2.25% 02/06/2014 7,898,192 0.93 CNH 25,000,000 Shui On Land 4.5% 29/09/2015 4,223,573 0.50 HKD 30,000,000 Soho China 3.75% 02/07/2014 4,776,965 0.56 Finland 8,976,064 1.06 EUR 5,000,000 Nokia RegS 5% 26/10/2017 8,976,064 1.06 France 33,382,123 3.94 EUR 10,000,000 Cap Gemini 3.5% 01/01/2014 5,202,591 0.61

EUR 2 Cie Générale de Géophysique-Veritas 1.25% 01/01/2019 1 -

EUR 18,000,000 Cie Générale de Géophysique-Veritas 1.75% 01/01/2016 7,521,033 0.89

EUR 3,000,000 Misarte 3.25% 01/01/2016 6,650,576 0.79 EUR 4,000,000 Technip 0.25% 01/01/2017 5,882,034 0.69 EUR 6,000,000 Technip 0.5% 01/01/2016 8,125,888 0.96 Germany 38,270,983 4.52 EUR 5,000,000 Deutsche Post 0.6% 06/12/2019 6,912,001 0.82 EUR 3,000,000 Drillisch 3.375% 05/04/2017 4,183,730 0.49 EUR 3,000,000 KFW 1.5% 30/07/2014 4,875,461 0.58 EUR 4,000,000 Lufthansa Malta Blues 0.75% 05/04/2017 5,888,456 0.70

USD 6,000,000 Siemens Financieringsmaatschappij 1.05% 16/08/2017 6,210,780 0.73

EUR 7,000,000 Volkswagen International Finance RegS 5.5% 09/11/2015 10,200,555 1.20

Hong Kong SAR 39,599,192 4.67

USD 2,000,000 China Overseas Finance Investment Cayman 0% 14/05/2014 3,037,310 0.36

HKD 60,000,000 China Overseas Grand Oceans Finance Cayman step coupon 21/03/2017 9,144,710 1.08

HKD 60,000,000 Hengdeli 2.5% 20/10/2015 7,920,649 0.93 USD 8,600,000 PB Issuer No 3 RegS 1.875% 22/10/2018 9,313,112 1.10 HKD 70,000,000 REXLot RegS 6% 28/09/2016 10,183,411 1.20 India 9,946,450 1.17 USD 2,000,000 Jaiprakash Associates 5.75% 08/09/2017 2,471,500 0.29 USD 7,000,000 Larsen & Toubro 3.5% 22/10/2014 7,474,950 0.88 Ireland 11,169,800 1.32 USD 10,000,000 Shire 2.75% 09/05/2014 11,169,800 1.32 Japan 111,726,322 13.20 JPY 700,000,000 Aeon 0.3% 22/11/2013 8,985,912 1.06 JPY 500,000,000 Aeon Credit Service 0% 23/03/2017 7,344,943 0.87 JPY 400,000,000 Asahi 0% 26/05/2028 4,868,086 0.57 JPY 1,700,000,000 KDDI 0% 14/12/2015 22,237,011 2.63 JPY 335,000,000 Kuroda Electric 0% 01/12/2017 4,133,230 0.49 JPY 1,200,000,000 ORIX 1% 31/03/2014 19,807,915 2.34 JPY 400,000,000 Sato 0% 13/04/2017 5,073,826 0.60 JPY 500,000,000 Sawai Pharmaceutical 0% 17/09/2015 6,349,803 0.75 JPY 400,000,000 Sekisui House 0% 05/07/2016 5,084,471 0.60 JPY 1,200,000,000 Sony 0% 30/11/2017 15,422,125 1.82 JPY 900,000,000 Unicharm 0% 24/09/2015 12,419,000 1.47 Malaysia 4,759,160 0.56 USD 4,000,000 YTL Finance Labuan 1.875% 18/03/2015 4,759,160 0.56 Netherlands 10,749,482 1.27 EUR 6,550,000 Salzgitter Finance 2% 08/11/2017 10,749,482 1.27 Norway 8,321,800 0.98 USD 8,000,000 Siem Industries 1% 12/09/2019 8,321,800 0.98 Philippines 17,979,715 2.12 USD 5,000,000 San Miguel 2% 05/05/2014 5,092,775 0.60 USD 11,000,000 SM Investments 1.625% 15/02/2017 12,886,940 1.52 Russia 13,919,876 1.65 USD 4,000,000 Holdgrove 1% 24/09/2017 4,043,940 0.48

USD 8,700,000 Lukoil International Finance 2.625% 16/06/2015 9,875,936 1.17

Singapore 45,224,743 5.34 SGD 12,000,000 CapitaLand RegS 2.875% 03/09/2016 10,581,876 1.25

HKD 45,000,000 China Merchants Pacific RegS 1.25% 06/11/2017 5,998,955 0.71

USD 5,000,000 Golden Agri-Resources 2.5% 04/10/2017 4,953,950 0.58 USD 10,600,000 Olam International 6% 15/10/2016 9,728,150 1.15 SGD 6,000,000 Ruby Assets 1.6% 01/02/2017 5,446,190 0.64 SGD 10,000,000 Temasek Financial III RegS 0% 24/10/2014 8,515,622 1.01 South Africa 24,012,170 2.83 EUR 11,000,000 Steinhoff Finance 4.5% 31/03/2018 15,178,059 1.79 EUR 6,000,000 Steinhoff Finance 5% 22/05/2016 8,834,111 1.04 South Korea 8,592,320 1.01 USD 8,000,000 Hynix Semiconductor 2.65% 14/05/2015 8,592,320 1.01 Taiwan 27,524,060 3.25 USD 5,000,000 Cathay Financial 0% 14/08/2014 5,273,725 0.62 USD 6,000,000 Pegatron 0% 06/02/2017 6,739,800 0.80 USD 2,000,000 Radiant Opto-Electronics 0% 21/07/2016 2,153,060 0.25 USD 5,000,000 TPK RegS 0% 01/10/2017 5,991,550 0.71 USD 7,000,000 Zhen Ding Technology RegS 0% 07/06/2015 7,365,925 0.87 United Arab Emirates 5,622,800 0.66 USD 5,000,000 Pyrus RegS 7.5% 20/12/2015 5,622,800 0.66 United Kingdom 13,780,145 1.63

GBP 4,500,000 International Consolidated Airlines 5.8% 13/08/2014 8,622,345 1.02

USD 5,000,000 Subsea 7 1% 05/10/2017 5,157,800 0.61 United States of America 4,655,625 0.55 USD 3,000,000 DR Horton 2% 15/05/2014 4,655,625 0.55 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 525,024,320 61.98 주식수 또는 원금


시가 USD

% 순자산

Canada 19,755,000 2.33 USD 18,000,000 Goldcorp 2% 01/08/2014 19,755,000 2.33 China 19,166,297 2.26

CNH 63,000,000 China Power International Development 2.25% 17/05/2016 11,798,027 1.39

USD 6,000,000 Glencore Finance Europe 5% 31/12/2014 7,368,270 0.87 Hong Kong SAR 9,872,017 1.17

USD 5,600,000 Hong Kong Exchanges and Clearing 0.5% 23/10/2017 6,070,876 0.72

CNH 21,500,000 China Power International Development 2.75% 18/09/2017 3,801,141 0.45

Japan 17,834,529 2.11 JPY 300,000,000 Foster Electric 0% 15/12/2017 3,506,133 0.42 JPY 560,000,000 Nichias 0% 02/08/2017 7,021,060 0.83 JPY 300,000,000 OSG 0% 04/04/2022 3,655,404 0.43 JPY 300,000,000 Senko 0% 20/07/2017 3,651,932 0.43 Mexico 12,962,237 1.53 USD 5,000,000 Cemex 4.875% 15/03/2015 5,421,875 0.64 USD 6,710,000 Cemex 3.25% 15/03/2016 7,540,362 0.89 Sweden 8,142,980 0.96 EUR 5,000,000 Industrivarden 2.5% 27/02/2015 8,142,980 0.96 United Kingdom 4,616,660 0.55 USD 4,000,000 Subsea 7 2.25% 11/10/2013 4,616,660 0.55 United States of America 215,846,421 25.48 USD 12,000,000 Amgen 0.375% 01/02/2013 13,327,500 1.57 USD 2,500,000 Bottomline Technologies 1.5% 01/12/2017 2,759,375 0.32 USD 5,000,000 Brookdale Senior Living 2.75% 15/06/2018 5,659,375 0.67 USD 4,000,000 Covanta 3.25% 01/06/2014 4,870,000 0.57 USD 2,000,000 EMC/MA 1.75% 01/12/2013 3,140,010 0.37 USD 1,400,000 Fidelity National Financial 4.25% 15/08/2018 1,797,250 0.21 USD 2,250,000 Forest City Enterprises 4.25% 15/08/2018 2,366,719 0.28 USD 3,000,000 Hologic step coupon 15/12/2037 3,360,000 0.40 USD 15,000,000 Intel 3.25% 01/08/2039 17,503,125 2.07 USD 6,000,000 Jarden 144A 1.875% 15/09/2018 6,067,500 0.72 USD 8,000,000 Liberty Interactive 3.125% 30/03/2023 11,430,000 1.35 USD 8,260,000 Microchip Technology 2.125% 15/12/2037 10,350,812 1.22 USD 8,000,000 Micron Technology 2.375% 01/05/2032 7,655,000 0.90 USD 3,000,000 Molycorp 6% 01/09/2017 2,922,780 0.35 USD 14,000,000 NetApp 1.75% 01/06/2013 15,592,500 1.84 USD 12,000,000 Newmont Mining 1.625% 15/07/2017 15,442,500 1.82 USD 7,000,000 Novellus Systems 2.625% 15/05/2041 8,693,125 1.03 USD 7,000,000 Nuance Communications 2.75% 01/11/2031 7,577,500 0.89 USD 8,000,000 priceline.com 144A 1% 15/03/2018 8,535,000 1.01 USD 10,000,000 Royal Gold 2.875% 15/06/2019 11,056,250 1.31 USD 1,440,000 Ryland 1.625% 15/05/2018 1,941,300 0.23 USD 12,000,000 SanDisk 1.5% 15/08/2017 13,867,500 1.64 USD 3,000,000 SEACOR 144A 2.5% 15/12/2027 3,004,800 0.35 USD 8,000,000 Standard Pacific 1.25% 01/08/2032 9,275,000 1.09 USD 4,400,000 Toll Brothers Finance 144A 0.5% 15/09/2032 4,416,500 0.52 USD 3,000,000 VeriSign 3.25% 15/08/2037 3,757,500 0.44

USD 2,000,000 WellPoint 144A 2.75% 15/10/2042 2,143,750 0.25 USD 4,000,000 Wright Medical 144A 2% 15/08/2017 4,195,000 0.50 USD 6,000,000 Xilinx 2.625% 15/06/2017 8,096,250 0.96 USD 4,000,000 Xilinx 3.125% 15/03/2037 5,042,500 0.60 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 308,196,141 36.39 총 투자자산 833,220,461 98.37 기타 순자산 13,839,177 1.63 순자산가치 847,059,638 100.00

슈로더 글로벌 회사 채권 펀드 (Global Corporate Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Argentina 7,626,150 0.19 USD 9,000,000 Argentina Bonar Bonds 7% 17/04/2017 7,626,150 0.19 Australia 2,473,204 0.06

EUR 1,800,000 Origin Energy Finance EMTN 2.875% 11/10/2019 2,473,204 0.06

Belgium 30,716,556 0.76



Brazil 15,416,245 0.38 USD 4,260,000 Braskem Finance RegS 5.375% 02/05/2022 4,408,397 0.11 USD 5,245,000 Vale Overseas 4.375% 11/01/2022 5,620,280 0.14 USD 4,800,000 Votorantim Cimentos RegS 7.25% 05/04/2041 5,387,568 0.13 Canada 22,512,793 0.56 USD 4,940,000 Agrium 3.15% 01/10/2022 4,928,737 0.12 USD 1,705,000 Agrium 6.125% 15/01/2041 2,073,399 0.05

USD 1,455,000 Barrick PD Australia Finance 4.95% 15/01/2020 1,637,090 0.04

USD 9,355,000 Canadian Natural Resources 3.45% 15/11/2021 10,021,824 0.25

USD 3,725,000 Teck Resources 5.2% 01/03/2042 3,851,743 0.10 Chile 4,096,322 0.10 USD 3,920,000 CFR International RegS 5.125% 06/12/2022 4,096,322 0.10 China 8,425,133 0.21

USD 7,750,000 China Merchants Finance EMTN 5% 04/05/2022 8,425,133 0.21

Czech Republic 3,380,218 0.08 USD 3,150,000 CEZ RegS 4.25% 03/04/2022 3,380,218 0.08 Denmark 53,447,789 1.32

EUR 19,800,000 Carlsberg Breweries EMTN 2.625% 03/07/2019 27,274,878 0.67

GBP 9,600,000 Danske Bank EMTN 4% 09/12/2015 16,492,707 0.41 GBP 5,550,000 DONG Energy EMTN 4.875% 12/01/2032 9,680,204 0.24 France 59,708,464 1.48





EUR 1,950,000 Lafarge EMTN 6.125% 28/05/2015 2,792,614 0.07 EUR 1,950,000 Rexel 8.25% 15/12/2016 2,832,552 0.07 EUR 3,200,000 SCOR variable perpetual 4,351,249 0.11 Germany 199,204,989 4.93 EUR 8,400,000 Commerzbank EMTN 7.75% 16/03/2021 11,956,138 0.30

USD 7,270,000 Deutsche Telekom International Finance 8.75% 15/06/2030 10,954,727 0.27

EUR 38,200,000 FMS Wertmanagement EMTN 1% 18/07/2017 51,317,107 1.27

EUR 29,900,000 FMS Wertmanagement EMTN 2.75% 03/06/2016 42,463,792 1.05

EUR 1,950,000 HeidelbergCement Finance 6.5% 03/08/2015 2,842,498 0.07 EUR 2,300,000 HeidelbergCement Finance 7.5% 31/10/2014 3,340,959 0.08 EUR 5,890,000 HeidelbergCement Finance 8.5% 31/10/2019 9,743,105 0.24 EUR 22,500,000 KFW EMTN 4.375% 04/07/2018 35,560,086 0.88 USD 4,300,000 RWE variable 12/10/2072 4,729,097 0.12 GBP 12,900,000 RWE variable perpetual 22,830,490 0.57 EUR 600,000 Techem RegS 6.125% 01/10/2019 856,891 0.02 EUR 1,750,000 Unitymedia RegS 9.625% 01/12/2019 2,610,099 0.06 Hong Kong SAR 7,013,259 0.17

USD 6,600,000 Hutchison Whampoa International 10 RegS variable perpetual 7,013,259 0.17

India 5,420,677 0.13 USD 5,157,000 ICICI Bank/Dubai RegS 4.7% 21/02/2018 5,420,677 0.13 Indonesia 7,842,871 0.19 USD 7,150,000 Pertamina Persero RegS 4.875% 03/05/2022 7,842,871 0.19 Ireland 5,851,243 0.14 EUR 2,500,000 ESB Finance 4.375% 21/11/2019 3,499,039 0.08 EUR 1,550,000 ESB Finance EMTN 6.25% 11/09/2017 2,352,204 0.06 Italy 32,081,204 0.79

EUR 2,000,000 Assicurazioni Generali EMTN variable 12/12/2042 2,814,497 0.07

EUR 4,200,000 Enel Finance International EMTN 4.875% 11/03/2020 5,993,741 0.15

EUR 1,850,000 Lottomatica 5.375% 05/12/2016 2,693,511 0.07

EUR 2,400,000 Snam EMTN 3.5% 13/02/2020 3,321,859 0.08 EUR 6,000,000 Snam EMTN 5.25% 19/09/2022 9,090,582 0.22


Luxembourg 15,578,485 0.39

EUR 1,950,000 Ardagh Glass Finance RegS 9.25% 01/07/2016 2,803,616 0.07

GBP 8,000,000 Nestle Finance International EMTN 2.25% 30/11/2023 12,774,869 0.32

Malaysia 6,423,531 0.16 USD 6,250,000 Hong Leong Bank EMTN 3.125% 19/04/2017 6,423,531 0.16 Netherlands 135,484,019 3.36

GBP 18,768,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 4% 19/09/2022 32,619,563 0.81


GBP 3,032,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank GMTN 4.625% 13/01/2021 5,521,263 0.14

GBP 4,100,000 ING Bank EMTN 5.375% 15/04/2021 7,817,725 0.19 EUR 8,900,000 Koninklijke KPN EMTN 4.25% 01/03/2022 12,538,687 0.31 GBP 20,450,000 PostNL 7.5% 14/08/2018 40,185,064 1.00 USD 5,550,000 Shell International Finance 6.375% 15/12/2038 7,885,162 0.20 EUR 13,100,000 TenneT variable perpetual 18,701,369 0.46 Norway 26,330,825 0.65 GBP 2,500,000 DNB Bank RegS variable perpetual 4,163,739 0.10 CAD 19,990,000 Kommunalbanken EMTN 4.75% 17/03/2017 22,167,086 0.55 Peru 2,712,112 0.07 USD 2,500,000 Azucarera del Peru RegS 6.375% 02/08/2022 2,712,112 0.07 Poland 17,800,432 0.44 USD 16,900,000 PKO Finance RegS 4.63% 26/09/2022 17,800,432 0.44 Russia 28,471,980 0.71 USD 5,000,000 Gazprom OAO RegS 4.95% 19/07/2022 5,372,100 0.13

USD 2,190,000 Rosneft Oil via Rosneft International Finance RegS 4.199% 06/03/2022 2,235,256 0.06



Singapore 6,581,781 0.16 USD 6,250,000 DBS Bank RegS variable 21/09/2022 6,581,781 0.16 South Africa 5,800,704 0.15 USD 5,600,000 AngloGold Ashanti 5.125% 01/08/2022 5,800,704 0.15 South Korea 3,679,515 0.10 USD 3,150,000 Export-Import Bank of Korea 5% 11/04/2022 3,679,515 0.10 Spain 11,830,350 0.29 EUR 2,050,000 Abengoa 9.625% 25/02/2015 2,865,979 0.07

EUR 2,300,000 Codere Finance Luxembourg RegS 8.25% 15/06/2015 2,571,862 0.06

EUR 2,500,000 Mapfre 5.125% 16/11/2015 3,471,609 0.09

EUR 2,050,000 Obrascon Huarte Lain EMTN 7.375% 28/04/2015 2,920,900 0.07


USD 4,510,000 Eurasian Development Bank RegS 4.767% 20/09/2022 4,701,855 0.12


GBP 19,550,000 European Investment Bank EMTN 3% 07/12/2015 33,681,707 0.84



Sweden 26,301,688 0.65 EUR 200,000 Nordea Bank EMTN variable 15/02/2022 286,226 0.01 EUR 4,300,000 Nordea Bank EMTN variable 15/02/2022 6,153,839 0.15 USD 11,860,000 Nordea Bank EMTN variable perpetual 12,933,804 0.32 USD 6,605,000 Swedbank Hypotek 144A 2.375% 05/04/2017 6,927,819 0.17 Switzerland 34,754,859 0.86

EUR 1,700,000 Cloverie for Zurich Insurance EMTN variable 24/07/2039 2,751,507 0.07

GBP 2,452,000 Credit Suisse/London EMTN variable 16/01/2023 4,372,428 0.11

GBP 10,800,000 Glencore Finance Europe 5.5% 03/04/2022 19,079,032 0.47

CHF 7,480,000 Sunrise Communications International RegS 5.625% 31/12/2017 8,551,892 0.21

Turkey 14,593,995 0.37 USD 14,250,000 Turkiye Is Bankasi RegS 3.875% 07/11/2017 14,593,995 0.37 Ukraine 14,427,490 0.36


United Kingdom 574,318,551 14.22 GBP 8,590,000 Abbey National Treasury Services EMTN 17,080,902 0.42

5.25% 16/02/2029 GBP 6,450,000 ABP Finance EMTN 6.25% 14/12/2026 11,661,679 0.29

GBP 4,850,000 Anglian Water Services Financing EMTN 4.5% 05/10/2027 8,605,336 0.21

USD 4,550,000 Barclays Bank 144A 10.179% 12/06/2021 6,217,871 0.15

GBP 10,508,000 BAT International Finance EMTN 6% 24/11/2034 21,742,954 0.54

EUR 1,450,000 BG Energy Capital variable 30/11/2072 2,151,636 0.05 GBP 1,250,000 BG Energy Capital variable 30/11/2072 2,187,911 0.05

GBP 8,200,000 British Sky Broadcasting EMTN 6% 21/05/2027 16,320,633 0.40

GBP 7,700,000 Direct Line Insurance variable 27/04/2042 14,696,622 0.36 USD 2,485,000 Ensco 4.7% 15/03/2021 2,818,052 0.07 GBP 3,015,000 Friends Life Group 8.25% 21/04/2022 5,372,520 0.13

GBP 11,065,000 GlaxoSmithKline Capital EMTN 3.375% 20/12/2027 17,946,989 0.44

EUR 3,150,000 Global Switch EMTN 5.5% 18/04/2018 4,730,486 0.12

GBP 2,250,000 Great Rolling Stock EMTN 6.25% 27/07/2020 4,369,702 0.11

GBP 8,005,000 Heathrow Funding EMTN 3% 08/06/2015 13,415,949 0.33 GBP 4,900,000 Heathrow Funding EMTN 6% 20/03/2020 8,918,807 0.22 GBP 4,900,000 Heathrow Funding RegS 5.375% 02/09/2019 8,029,576 0.20 USD 15,480,000 HSBC 4.875% 14/01/2022 18,037,219 0.45

GBP 15,535,000 HSBC Capital Funding/Jersey RegS variable perpetual 27,894,898 0.69


GBP 1,660,000 HSBC variable 08/04/2018 2,745,453 0.07 GBP 11,875,000 Imperial Tobacco Finance EMTN 9% 17/02/2022 27,336,630 0.68 GBP 6,600,000 Investec Bank EMTN 9.625% 17/02/2022 11,672,128 0.29 GBP 16,200,000 Lloyds TSB Bank EMTN 1.5% 02/05/2017 26,890,180 0.67 EUR 11,570,000 Lloyds TSB Bank EMTN 6.5% 24/03/2020 17,504,723 0.43 GBP 1,748,000 Lloyds TSB Bank EMTN 6.625% 30/03/2015 3,038,162 0.08 GBP 2,615,000 Lloyds TSB Bank EMTN 7.5% 15/04/2024 5,648,454 0.14 GBP 4,500,000 Marks & Spencer EMTN 4.75% 12/06/2025 7,409,591 0.18 GBP 3,800,000 Marks & Spencer EMTN 6.125% 02/12/2019 7,048,125 0.18 GBP 3,005,000 Next 5.375% 26/10/2021 5,590,694 0.14 GBP 4,800,000 NIE Finance RegS 6.375% 02/06/2026 9,276,343 0.23 GBP 2,301,000 Old Mutual EMTN 7.125% 19/10/2016 4,315,959 0.11 GBP 16,879,000 Old Mutual EMTN 8% 03/06/2021 29,816,961 0.74 GBP 10,400,000 Pearson Funding One 6% 15/12/2015 18,910,874 0.47

GBP 2,700,000 Porterbrook Rail Finance EMTN 5.5% 20/04/2019 4,987,081 0.12


EUR 200,000 Rentokil Initial EMTN 3.375% 24/09/2019 274,258 0.01 EUR 1,900,000 Rentokil Initial EMTN 3.375% 24/09/2019 2,605,449 0.06 USD 11,145,000 Rio Tinto Finance 3.5% 22/03/2022 11,803,447 0.29 GBP 6,903,000 RSA Insurance variable perpetual 11,609,776 0.29

EUR 2,850,000 Scottish & Southern Energy EMTN variable perpetual 3,909,088 0.10

GBP 5,432,000 Scottish & Southern Energy EMTN variable perpetual 9,210,049 0.23

EUR 8,000,000 Scottish & Southern Energy variable perpetual 11,234,335 0.28

GBP 5,975,000 Segro 6.75% 23/11/2021 11,845,713 0.29

GBP 13,199,000 Southern Water Services Finance variable 31/03/2038 22,437,015 0.56

GBP 6,550,000 Standard Chartered Bank 7.75% 03/04/2018 12,988,960 0.32

GBP 3,300,000 Tate & Lyle International Finance 6.75% 25/11/2019 6,591,251 0.16

GBP 6,600,000 Thames Water Utilities Cayman Finance EMTN variable 21/07/2025 11,736,830 0.29

GBP 16,700,000 Thames Water Utilities Cayman Finance EMTN variable 13/09/2030 30,761,489 0.76

GBP 4,300,000 UBM 6.5% 23/11/2016 7,951,531 0.20 GBP 3,850,000 Virgin Media Secured Finance 7% 15/01/2018 6,765,315 0.17

GBP 3,825,000 Yorkshire Water Services Bradford Finance variable 24/04/2025 6,901,143 0.17

GBP 1,353,000 Zurich Finance UK EMTN variable perpetual 2,384,044 0.06 United States of America 1,002,167,414 24.82 USD 2,065,000 Aetna 4.5% 15/05/2042 2,184,636 0.05 USD 6,385,000 Ally Financial 4.625% 26/06/2015 6,666,419 0.16 USD 6,630,000 Altria 10.2% 06/02/2039 11,204,634 0.28 USD 2,330,000 Altria 9.95% 10/11/2038 3,855,136 0.10

USD 4,125,000 American Axle & Manufacturing 6.625% 15/10/2022 4,216,204 0.10

USD 6,890,000 American Express Bank 6% 13/09/2017 8,322,879 0.21 USD 6,200,000 American International 6.4% 15/12/2020 7,688,775 0.19

USD 12,510,000 American International MTN 5.6% 18/10/2016 14,310,126 0.35

USD 6,270,000 Apache 4.75% 15/04/2043 6,892,925 0.17 USD 15,355,000 AT&T 2.625% 01/12/2022 15,406,286 0.38 USD 4,375,000 AT&T 6.55% 15/02/2039 5,792,019 0.14

USD 2,860,000 Atmos Energy 8.5% 15/03/2019 3,852,655 0.10 USD 5,035,000 AutoZone 2.875% 15/01/2023 4,931,984 0.12

USD 7,530,000 Bank Nederlandse Gemeenten 144A 1.375% 23/03/2015 7,652,438 0.19

USD 20,980,000 Bank of America 5.625% 01/07/2020 24,907,876 0.62 USD 9,565,000 Bank of America 5.875% 07/02/2042 12,099,008 0.30 USD 11,805,000 Bank of America 6.1% 15/06/2017 13,617,422 0.34 USD 750,000 Bank of America 7.625% 01/06/2019 959,779 0.02 USD 5,225,000 BBVA US Senior 4.664% 09/10/2015 5,353,587 0.13

USD 4,325,000 Berkshire Hathaway Finance 4.4% 15/05/2042 4,506,326 0.11

USD 3,165,000 Boston Properties 3.7% 15/11/2018 3,451,828 0.09 USD 8,340,000 Boston Properties 3.85% 01/02/2023 8,788,192 0.22

USD 9,185,000 Burlington Northern Santa Fe 4.4% 15/03/2042 9,733,161 0.24

USD 1,825,000 Cardinal Health 1.9% 15/06/2017 1,861,077 0.05 USD 3,850,000 CareFusion 5.125% 01/08/2014 4,092,804 0.10 USD 425,000 CareFusion 6.375% 01/08/2019 508,497 0.01

USD 4,545,000 Caterpillar Financial Services MTN 1.375% 20/05/2014 4,598,040 0.11

USD 16,810,000 CBS 4.85% 01/07/2042 17,624,360 0.44

USD 15,260,000 Cellco Partnership/Verizon Wireless Capital 8.5% 15/11/2018 21,027,364 0.52

USD 21,235,000 Citigroup 4.5% 14/01/2022 23,802,949 0.59 USD 486,000 Citigroup 8.5% 22/05/2019 654,623 0.02 USD 1,645,000 CNA Financial 7.35% 15/11/2019 2,069,797 0.05 USD 4,475,000 Coca-Cola 1.8% 01/09/2016 4,628,202 0.11 USD 3,560,000 CSX 3.7% 30/10/2020 3,854,697 0.10 USD 1,220,000 CSX 6.15% 01/05/2037 1,554,292 0.04 USD 463,000 CVS Caremark 5.75% 01/06/2017 551,005 0.01 USD 3,515,000 Digital Realty Trust 5.25% 15/03/2021 3,906,170 0.10 USD 6,855,000 Dr Pepper Snapple 3.2% 15/11/2021 7,129,872 0.18

USD 3,550,000 El Paso Pipeline Partners Operating 6.5% 01/04/2020 4,312,079 0.11

USD 3,280,000 Enbridge Energy Partners 7.5% 15/04/2038 4,252,510 0.11

USD 2,435,000 Enterprise Products Operating 6.125% 15/10/2039 2,979,369 0.07

USD 2,705,000 Entravision Communications 8.75% 01/08/2017 2,948,450 0.07

USD 9,735,000 Ford Motor Credit 3% 12/06/2017 10,024,081 0.25 USD 8,695,000 Ford Motor Credit 6.625% 15/08/2017 10,204,148 0.25 USD 1,550,000 Ford Motor Credit 8.125% 15/01/2020 1,988,735 0.05

USD 2,965,000 Freeport-McMoRan Copper & Gold 2.15% 01/03/2017 2,979,988 0.07

USD 2,640,000 Freeport-McMoRan Copper & Gold 3.55% 01/03/2022 2,633,756 0.06



GBP 4,750,000 GE Capital UK Funding EMTN 2.25% 08/09/2015 7,860,189 0.19

GBP 4,642,000 GE Capital UK Funding EMTN 5.875% 04/11/2020 8,949,685 0.22

USD 4,790,000 General Electric 4.125% 09/10/2042 4,971,014 0.12

USD 20,885,000 General Electric Capital MTN 5.875% 14/01/2038 25,415,165 0.63

USD 5,255,000 Georgia Power 4.3% 15/03/2042 5,531,991 0.14 USD 17,965,000 Goldman Sachs 5.375% 15/03/2020 20,643,671 0.51 USD 10,370,000 Goldman Sachs 5.75% 24/01/2022 12,291,146 0.30 USD 500,000 Goldman Sachs 7.5% 15/02/2019 630,495 0.02

USD 4,885,000 Hartford Financial Services 5.125% 15/04/2022 5,640,954 0.14



USD 14,180,000 HCA 4.75% 01/05/2023 14,427,512 0.36 USD 6,245,000 Health Care REIT 4.125% 01/04/2019 6,686,771 0.17 USD 2,250,000 Hess 5.6% 15/02/2041 2,685,656 0.07 USD 7,365,000 HJ Heinz 1.5% 01/03/2017 7,464,280 0.18 USD 9,515,000 HJ Heinz 2.85% 01/03/2022 9,712,579 0.24 USD 2,780,000 Home Depot 5.95% 01/04/2041 3,762,508 0.09 USD 9,250,000 Humana 3.15% 01/12/2022 9,193,344 0.23 USD 2,575,000 Humana 7.2% 15/06/2018 3,183,511 0.08

USD 6,820,000 International Business Machines 1.25% 06/02/2017 6,901,465 0.17

USD 2,125,000 International Paper 7.95% 15/06/2018 2,750,186 0.07 USD 2,360,000 International Paper 9.375% 15/05/2019 3,213,470 0.08 USD 15,725,000 JPMorgan Chase & Co. 3.25% 23/09/2022 16,250,608 0.40 USD 21,400,000 JPMorgan Chase & Co. 4.25% 15/10/2020 23,842,810 0.59


GBP 8,835,000 JPMorgan Chase & Co. EMTN 3.5% 18/12/2026 14,282,087 0.35

USD 13,820,000 JPMorgan Chase Bank 6% 01/10/2017 16,364,953 0.41

USD 4,500,000 Kinder Morgan Energy Partners 4.15% 01/03/2022 4,870,260 0.12



USD 8,060,000 Kohl's 3.25% 01/02/2023 7,865,907 0.19 USD 205,000 Kroger 5% 15/04/2013 207,657 0.00 USD 4,035,000 Lincoln National 4.2% 15/03/2022 4,323,563 0.11 USD 5,555,000 Lockheed Martin 3.35% 15/09/2021 5,888,717 0.15 USD 7,600,000 Lorillard Tobacco 2.3% 21/08/2017 7,693,640 0.19 USD 2,600,000 Lowe's 5.125% 15/11/2041 3,072,004 0.08 USD 4,330,000 Ltd Brands 5.625% 15/02/2022 4,729,096 0.12 USD 10,440,000 Macy's Retail 2.875% 15/02/2023 10,243,937 0.25 USD 2,420,000 Macy's Retail 3.875% 15/01/2022 2,589,582 0.06 USD 1,760,000 Macy's Retail 5.125% 15/01/2042 1,923,918 0.05 USD 1,670,000 Macy's Retail 6.375% 15/03/2037 2,033,517 0.05 USD 13,030,000 Marathon Oil 2.8% 01/11/2022 13,147,335 0.33 USD 3,295,000 McKesson 7.5% 15/02/2019 4,303,715 0.11 USD 6,485,000 MetLife 6.4% 15/12/2036 6,934,864 0.17 USD 3,600,000 MetLife 6.817% 15/08/2018 4,534,488 0.11 USD 18,490,000 Morgan Stanley GMTN 5.5% 26/01/2020 20,740,880 0.51 USD 9,815,000 Mosaic 3.75% 15/11/2021 10,474,175 0.26 USD 1,185,000 Mosaic 4.875% 15/11/2041 1,298,541 0.03 USD 5,110,000 Nabors Industries 6.15% 15/02/2018 6,017,020 0.15 USD 2,450,000 Nevada Power 7.125% 15/03/2019 3,151,521 0.08 USD 5,960,000 Newmont Mining 4.875% 15/03/2042 6,204,002 0.15 USD 8,240,000 Nisource Finance 6.125% 01/03/2022 9,912,679 0.25 USD 9,770,000 Noble Energy 4.15% 15/12/2021 10,702,986 0.26 USD 4,370,000 Nordstrom 6.75% 01/06/2014 4,742,647 0.12 USD 900,000 Norfolk Southern 5.75% 15/01/2016 1,023,993 0.03 USD 4,400,000 Occidental Petroleum 1.75% 15/02/2017 4,519,306 0.11 USD 11,460,000 ONEOK Partners 3.375% 01/10/2022 11,736,816 0.29 USD 2,455,000 ONEOK Partners 8.625% 01/03/2019 3,270,465 0.08 USD 3,185,000 Packaging Corp of America 3.9% 15/06/2022 3,313,572 0.08 USD 3,125,000 Pfizer 5.35% 15/03/2015 3,445,328 0.09 USD 5,000,000 Pfizer 7.2% 15/03/2039 7,738,225 0.19 USD 6,725,000 Pioneer Natural Resources 3.95% 15/07/2022 7,117,572 0.18 USD 7,720,000 Prudential Financial MTN 4.75% 17/09/2015 8,464,054 0.21 USD 5,045,000 Prudential Financial MTN 5.375% 21/06/2020 5,928,304 0.15 USD 3,475,000 Quest Diagnostics 4.7% 01/04/2021 3,886,770 0.10 USD 3,300,000 Quicksilver Resources 8.25% 01/08/2015 3,056,460 0.08 USD 4,715,000 Republic Services 5.25% 15/11/2021 5,582,466 0.14 USD 8,700,000 Reynolds American 3.25% 01/11/2022 8,774,733 0.22 USD 810,000 Reynolds American 7.25% 15/06/2037 1,072,903 0.03 USD 595,000 Reynolds American 7.625% 01/06/2016 711,444 0.02 USD 7,180,000 Rowan 5.4% 01/12/2042 7,223,906 0.18 USD 8,800,000 Royal Bank of Scotland 6.125% 15/12/2022 9,305,032 0.23 USD 2,860,000 Southern Copper 6.75% 16/04/2040 3,454,365 0.09 USD 3,325,000 Time Warner 4.9% 15/06/2042 3,597,899 0.09 USD 4,095,000 Time Warner Cable 6.55% 01/05/2037 5,111,809 0.13 USD 8,010,000 Tyson Foods 4.5% 15/06/2022 8,693,894 0.22

USD 5,995,000 United Rentals North America 6.125% 15/06/2023 6,354,700 0.16

USD 6,345,000 United Technologies 4.5% 01/06/2042 7,079,941 0.18 USD 2,105,000 UnitedHealth Group 6.5% 15/06/2037 2,786,199 0.07 USD 5,965,000 US Bancorp MTN 2.2% 15/11/2016 6,219,079 0.15 USD 1,245,000 Valero Energy 4.5% 01/02/2015 1,331,335 0.03 USD 1,265,000 Valero Energy 6.125% 01/02/2020 1,543,091 0.04 USD 950,000 Valero Energy 6.625% 15/06/2037 1,177,896 0.03

USD 6,555,000 Ventas Realty/Ventas Capital 4.25% 01/03/2022 6,982,406 0.17

USD 31,720,000 Verizon Communications 2.45% 01/11/2022 31,850,052 0.79 USD 9,770,000 Wal-Mart Stores 3.625% 08/07/2020 10,906,642 0.27 USD 2,950,000 Wal-Mart Stores 4.875% 08/07/2040 3,499,128 0.09

USD 5,000,000 Weatherford International/Bermuda 4.5% 15/04/2022 5,327,475 0.13

USD 2,250,000 Weatherford International/Bermuda 7% 15/03/2038 2,622,659 0.05

USD 8,500,000 Wells Fargo & Co. 5.625% 11/12/2017 10,151,635 0.25 GBP 11,250,000 Wells Fargo & Co. EMTN 4.875% 29/11/2035 18,478,130 0.46 GBP 2,550,000 Wells Fargo Bank EMTN 5.25% 01/08/2023 4,745,405 0.12 USD 5,900,000 Willis 5.75% 15/03/2021 6,741,458 0.17 USD 380,000 Yum! Brands 5.3% 15/09/2019 445,632 0.01 USD 1,115,000 Yum! Brands 6.875% 15/11/2037 1,561,680 0.04 Venezuela 11,015,580 0.28

USD 7,000,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 6,874,455 0.17

USD 4,050,000 Venezuela Government 8.5% 08/10/2014 4,141,125 0.11 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 2,529,378,987 62.65



시가 USD

% 순자산

Belgium 1,368,297 0.03


Bermuda 7,968,423 0.20 USD 2,420,000 Catlin Insurance 144A variable perpetual 2,432,173 0.06 USD 5,150,000 Digicel 144A 7% 15/02/2020 5,536,250 0.14 Brazil 30,920,650 0.77 USD 12,270,000 Cielo RegS 3.75% 16/11/2022 12,126,134 0.30

USD 6,250,000 Odebrecht Finance RegS 7.125% 26/06/2042 7,270,875 0.18

USD 10,000,000 Schahin II Finance SPV RegS 5.875% 25/09/2022 10,699,100 0.26

USD 700,000 Voto-Votorantim RegS 6.75% 05/04/2021 824,541 0.03 Canada 286,227,730 7.09 USD 45,135,000 Bank of Montreal 144A 1.95% 30/01/2017 47,038,569 1.16 USD 31,615,000 Bank of Nova Scotia 144A 1.75% 22/03/2017 32,698,604 0.81 USD 13,525,000 Bank of Nova Scotia 144A 2.15% 03/08/2016 14,180,624 0.35 USD 6,700,000 Barrick Gold 1.75% 30/05/2014 6,795,844 0.17

USD 25,000,000 Caisse Centrale Desjardins du Quebec 144A 2.55% 24/03/2016 26,472,125 0.66

CAD 23,465,000 Canada Housing Trust No 1 1.7% 15/12/2017 23,592,854 0.58


USD 7,315,000 Fairfax Financial 144A 5.8% 15/05/2021 7,591,178 0.19

USD 26,945,000 National Bank of Canada 144A 2.2% 19/10/2016 28,330,647 0.70

USD 57,760,000 Toronto-Dominion Bank 144A 1.5% 13/03/2017 59,157,792 1.47

USD 1,520,000 Xstrata Canada Financial 144A 6% 15/11/2041 1,642,345 0.04

Denmark 9,261,586 0.23 USD 8,750,000 Danske Bank 144A 3.875% 14/04/2016 9,261,586 0.23 France 30,521,011 0.76 USD 23,080,000 BNP Paribas MTN 2.375% 14/09/2017 23,435,086 0.58 USD 6,455,000 Vivendi 144A 4.75% 12/04/2022 6,732,791 0.17 USD 300,000 Vivendi 144A 6.625% 04/04/2018 353,134 0.01 Germany 21,250,350 0.53

USD 21,200,000 Norddeutsche Landesbank Girozentrale 144A 0.875% 16/10/2015 21,250,350 0.53

Italy 21,034,906 0.52 EUR 15,400,000 Lottomatica RegS 3.5% 05/03/2020 21,034,906 0.52 Mexico 40,259,285 1.00

USD 6,180,000

Banco Santander Mexico Institucion de Banca Multiple Grupo Financiero Santand RegS 4.125% 09/11/2022 6,264,728 0.16

USD 4,140,000 Comision Federal de Electricidad 144A 4.875% 26/05/2021 4,709,250 0.12

USD 9,040,000 Mexico Generadora de Energia S de rl RegS 5.5% 06/12/2032 9,796,015 0.24

USD 17,210,000 Petroleos Mexicanos 4.875% 24/01/2022 19,489,292 0.48 Netherlands 28,052,233 0.69

USD 3,095,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 3.875% 08/02/2022 3,349,347 0.08

USD 8,145,000 ING Bank 144A 4% 15/03/2016 8,675,182 0.21 USD 12,970,000 ING US 144A 5.5% 15/07/2022 14,138,688 0.35 USD 1,420,000 Koninklijke KPN 8.375% 01/10/2030 1,889,016 0.05 Peru 7,262,331 0.18

USD 2,530,000 BBVA Banco Continental RegS 5% 26/08/2022 2,722,647 0.07

USD 2,800,000 Volcan Cia Minera RegS 5.375% 02/02/2022 3,100,272 0.08 USD 1,300,000 Volcan Cia Minera RegS 5.375% 02/02/2022 1,439,412 0.03 South Korea 6,650,469 0.16 USD 6,250,000 Hana Bank RegS 3.5% 25/10/2017 6,650,469 0.16 Switzerland 15,663,135 0.39 USD 10,665,000 UBS/London 144A 2.25% 30/03/2017 11,101,199 0.28 USD 4,349,000 Swiss Re Capital I 144A variable perpetual 4,561,936 0.11 United Kingdom 14,785,523 0.36

USD 7,090,000 BAT International Finance 144A 9.5% 15/11/2018 9,891,691 0.23

USD 4,405,000 UBM 144A 5.75% 03/11/2020 4,664,692 0.12 USD 201,000 Virgin Media Finance 8.375% 15/10/2019 229,140 0.01 United States of America 577,823,059 14.31 USD 15,235,000 313 Group 144A 6.375% 01/12/2019 15,177,869 0.38 USD 5,530,000 AbbVie 144A 2.9% 06/11/2022 5,656,665 0.14

USD 1,858,000 AmeriGas Partners/AmeriGas Finance 6.5% 20/05/2021 2,025,220 0.05

USD 2,850,000 Ashland 144A 4.75% 15/08/2022 2,964,000 0.07

USD 28,800,000 Bank of Nova Scotia 144A 1.95% 30/01/2017 30,017,520 0.74

USD 995,000 Boyd Gaming 144A 9% 01/07/2020 985,050 0.02 USD 4,125,000 Caterpillar Financial Services MTN 1.1% 4,165,116 0.10

29/05/2015 USD 4,095,000 CC GS V 144A 3.849% 15/04/2023 4,188,305 0.10 USD 10,385,000 CCO/CCO Capital 5.25% 30/09/2022 10,592,700 0.26

USD 3,000,000 Cequel Communications I and Cequel Capital 144A 6.375% 15/09/2020 3,127,500 0.08

USD 2,700,000 Chrysler/CG Co-Issuer 8.25% 15/06/2021 2,993,085 0.07 USD 17,900,000 Cisco Systems 4.45% 15/01/2020 20,860,929 0.52 USD 12,280,000 Cisco Systems 5.5% 15/01/2040 15,627,282 0.39 USD 8,340,000 Comcast 6.5% 15/01/2017 10,036,314 0.25

USD 1,880,000 Consolidated Edison of New York 4.45% 15/06/2020 2,180,866 0.05

USD 10,345,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank 3.95% 09/11/2022 10,647,953 0.26

USD 5,305,000 COX Communications 144A 4.7% 15/12/2042 5,553,194 0.14

USD 1,809,000 COX Communications 5.45% 15/12/2014 1,977,445 0.05

USD 10,570,000 Credit Suisse/Guernsey 144A 1.625% 06/03/2015 10,789,328 0.27

USD 1,420,000 Crosstex Energy/Crosstex Energy Finance 8.875% 15/02/2018 1,540,700 0.04

USD 4,500,000 Digital Realty Trust 5.875% 01/02/2020 5,157,900 0.13

USD 3,705,000 DIRECTV/DIRECTV Financing 2.4% 15/03/2017 3,803,257 0.09



USD 4,485,000 DISH DBS 5.875% 15/07/2022 4,860,619 0.12 USD 25,725,000 DNB Bank 144A 3.2% 03/04/2017 27,427,558 0.68 USD 1,335,000 Duke Energy Carolinas 4.3% 15/06/2020 1,531,051 0.04 USD 4,180,000 Express Scripts 144A 6.125% 15/11/2041 5,380,433 0.13 USD 8,220,000 First Data 144A 6.75% 01/11/2020 8,343,300 0.21

USD 5,955,000 FMG Resources August 2006 Pty 144A 6% 01/04/2017 6,103,875 0.15

USD 2,130,000 Gilead Sciences 4.5% 01/04/2021 2,438,126 0.06 USD 1,945,000 GXS Worldwide 9.75% 15/06/2015 2,034,956 0.05 USD 8,930,000 HDTFS 144A 6.25% 15/10/2022 9,555,100 0.24 USD 5,120,000 Host Hotels & Resorts 4.75% 01/03/2023 5,452,800 0.13

USD 3,025,000 Icahn Enterprises/Icahn Enterprises Finance 8% 15/01/2018 3,244,252 0.08

USD 7,310,000 Kraft Foods 144A 3.5% 06/06/2022 7,808,944 0.19 USD 2,707,000 Kraft Foods 144A 5.375% 10/02/2020 3,260,351 0.08 USD 3,195,000 Kraft Foods 144A 6.875% 26/01/2039 4,321,781 0.11 USD 4,405,000 Liberty Mutual 144A 5% 01/06/2021 4,754,167 0.12 USD 4,475,000 Liberty Mutual 144A 6.5% 01/05/2042 5,088,903 0.13 USD 18,235,000 Microsoft 2.125% 15/11/2022 18,099,787 0.45 USD 2,470,000 Mondelez International 6.875% 01/02/2038 3,448,169 0.09 USD 75,000 Mondelez International 6.875% 26/01/2039 105,410 0.00 USD 6,565,000 NBCUniversal Media 5.15% 30/04/2020 7,806,671 0.19 USD 15,000,000 NBCUniversal Media 5.95% 01/04/2041 18,499,275 0.46 USD 6,340,000 News America 6.65% 15/11/2037 8,274,302 0.20 USD 1,110,000 Nisource Finance 5.45% 15/09/2020 1,309,458 0.03 USD 49,120,000 Oracle 2.5% 15/10/2022 49,624,217 1.23

USD 8,715,000 Public Service Electric & Gas MTN 3.65% 01/09/2042 8,688,088 0.22

USD 2,225,000 Rock 144A 4.45% 01/03/2019 2,408,376 0.06

USD 3,270,000 Sabra Health Care/Sabra Capital 8.125% 01/11/2018 3,502,988 0.09

USD 10,300,000 SandRidge Energy 7.5% 15/02/2023 11,072,500 0.27

USD 6,250,000 SBA Telecommunications 144A 5.75% 15/07/2020 6,664,063 0.16

USD 3,590,000 SLM MTN 6% 25/01/2017 3,894,881 0.10 USD 7,335,000 State of California 7.55% 01/04/2039 10,641,471 0.26 USD 7,510,000 Steel Dynamics 144A 6.375% 15/08/2022 7,998,150 0.20

USD 6,855,000 Swiss Re Treasury US 144A 4.25% 06/12/2042 6,881,447 0.17

USD 9,305,000 Texas Instruments 2.375% 16/05/2016 9,760,433 0.24 USD 4,445,000 Union Pacific 4.163% 15/07/2022 5,055,143 0.13

USD 5,225,000 Univision Communications 144A 6.875% 15/05/2019 5,460,125 0.14

USD 2,985,000 US Treasury 0.625% 30/09/2017 2,979,053 0.07 USD 21,150,000 US Treasury 0.625% 30/11/2017 21,073,166 0.52 USD 5,085,000 US Treasury 0.75% 31/10/2017 5,100,692 0.13 USD 13,080,000 US Treasury 0.75% 31/12/2017 13,097,883 0.32 USD 31,660,000 US Treasury 1.625% 15/11/2022 31,365,661 0.78 USD 7,290,000 Virgin Media Finance 4.875% 15/02/2022 7,508,700 0.19 USD 16,535,000 WellPoint 4.65% 15/01/2043 17,332,731 0.43

USD 2,100,000 Xstrata Canada Financial 144A 4.95% 15/11/2021 2,267,181 0.06

기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 1,099,048,988 27.22

주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 64,386,000 1.59

600,000 Schroder ISF - Emerging Market Corporate Bond Class Acc 64,386,000 1.59

총 개방형 간접투자기구 6,788,645 0.78 주식수 또는 원금


시가 USD

% 순자산

United Kingdom 3,128,925 0.08 GBP 1,900,000 Virgin Media Finance 5.125% 15/02/2022 3,128,925 0.08 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 3,128,925 0.08 총 투자자산 3,695,942,900 91.54 기타 순자산 341,669,475 8.46 순자산가치 4,037,612,375 100.00

슈로더 글로벌 크레딧 듀레이션 헤지 펀드 (Global Credit Duration Hedged) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

Argentina 384,763 0.18 USD 600,000 Argentina Bonar Bonds 7% 17/04/2017 384,763 0.18 Brazil 1,376,139 0.64 USD 440,000 Vale Overseas 4.375% 11/01/2022 356,816 0.17 USD 1,200,000 Votorantim Cimentos RegS 7.25% 05/04/2041 1,019,323 0.47 Canada 1,211,699 0.56 USD 625,000 Agrium 3.15% 01/10/2022 471,919 0.22 USD 480,000 Agrium 6.125% 15/01/2041 441,752 0.20

USD 350,000 Barrick PD Australia Finance Pty 4.95% 15/01/2020 298,028 0.14

Chile 221,434 0.10 USD 280,000 CFR International RegS 5.125% 06/12/2022 221,434 0.10 Denmark 1,563,751 0.72 EUR 1,500,000 Carlsberg Breweries EMTN 2.625% 03/07/2019 1,563,751 0.72 France 3,301,048 1.53

EUR 667,000 Caisse Centrale du Credit Immobilier de France 3.75% 22/01/2015 680,015 0.32


EUR 400,000 Lafarge EMTN 6.125% 28/05/2015 433,526 0.20 EUR 400,000 Rexel 8.25% 15/12/2016 439,726 0.20 EUR 850,000 SCOR variable perpetual 874,705 0.40 Germany 4,860,831 2.25 EUR 400,000 HeidelbergCement Finance 6.5% 03/08/2015 441,270 0.20 EUR 300,000 HeidelbergCement Finance 7.5% 31/10/2014 329,794 0.15 USD 1,000,000 RWE variable 12/10/2072 832,317 0.39 GBP 1,800,000 RWE variable perpetual 2,410,887 1.12 EUR 750,000 Unitymedia RegS 9.625% 01/12/2019 846,563 0.39 India 551,275 0.26 USD 693,000 ICICI Bank/Dubai RegS 4.7% 21/02/2018 551,275 0.26 Ireland 441,540 0.20 EUR 200,000 ESB Finance 4.375% 21/11/2019 211,845 0.10 EUR 200,000 ESB Finance EMTN 6.25% 11/09/2017 229,695 0.10 Italy 3,052,680 1.41

EUR 300,000 Enel Finance International EMTN 4.875% 11/03/2020 324,003 0.15

EUR 250,000 Fiat Finance & Trade 6.625% 15/02/2013 251,868 0.11 EUR 250,000 Lottomatica 5.375% 05/12/2016 275,465 0.13 EUR 200,000 Snam EMTN 3.5% 13/02/2020 209,498 0.10 EUR 500,000 Snam EMTN 5.25% 19/09/2022 573,310 0.26


Luxembourg 435,234 0.20 EUR 400,000 Ardagh Glass Finance RegS 9.25% 01/07/2016 435,234 0.20 Netherlands 5,333,244 2.47 EUR 500,000 Koninklijke KPN EMTN 4.25% 01/03/2022 533,103 0.25 GBP 1,200,000 PostNL 7.5% 14/08/2018 1,784,561 0.83 USD 795,000 Shell International Finance 6.375% 15/12/2038 854,798 0.39 EUR 2,000,000 TenneT variable perpetual 2,160,782 1.00 Norway 630,220 0.29 GBP 500,000 DNB Bank RegS variable perpetual 630,220 0.29 Poland 1,721,775 0.80 USD 2,160,000 PKO Finance RegS 4.63% 26/09/2022 1,721,775 0.80 Russia 2,812,071 1.30

USD 200,000 Rosneft Oil Co via Rosneft International Finance RegS 4.199% 06/03/2022 154,487 0.07


Spain 1,541,758 0.71 EUR 400,000 Abengoa 9.625% 25/02/2015 423,212 0.19

EUR 500,000 Codere Finance Luxembourg RegS 8.25% 15/06/2015 423,125 0.20

EUR 200,000 Mapfre 5.125% 16/11/2015 210,184 0.10

EUR 450,000 Obrascon Huarte Lain EMTN 7.375% 28/04/2015 485,237 0.22

Sweden 1,903,879 0.88 EUR 800,000 Nordea Bank EMTN variable 15/02/2022 866,456 0.40 USD 1,257,000 Nordea Bank EMTN variable perpetual 1,037,423 0.48 Supranational 7,642,989 3.54

USD 590,000 Eurasian Development Bank RegS 4.767% 20/09/2022 465,504 0.22



GBP 640,000 Credit Suisse/London EMTN variable 16/01/2023 863,696 0.40

GBP 1,000,000 Glencore Finance Europe 5.5% 03/04/2022 1,336,939 0.62

CHF 1,020,000 Sunrise Communications International RegS 5.63% 31/12/2017 882,551 0.41

United Kingdom 35,905,131 16.62 GBP 500,000 ABP Finance EMTN 6.25% 14/12/2026 684,148 0.32

GBP 650,000 Anglian Water Services Financing 6.293% 30/07/2030 1,034,830 0.48

GBP 700,000 Anglian Water Services Financing EMTN 4.5% 05/10/2027 939,946 0.44

USD 450,000 Barclays Bank 144A 10.179% 12/06/2021 465,395 0.22

GBP 791,000 BAT International Finance EMTN 6% 24/11/2034 1,238,665 0.57

GBP 250,000 British Sky Broadcasting EMTN 6% 21/05/2027 376,567 0.18

GBP 500,000 Direct Line Insurance variable 27/04/2042 722,230 0.33 USD 580,000 Ensco 4.7% 15/03/2021 497,771 0.23 GBP 400,000 Friends Life Group 8.25% 21/04/2022 539,423 0.25

GBP 795,000 GlaxoSmithKline Capital EMTN 3.375% 20/12/2027 975,857 0.45

EUR 700,000 Global Switch EMTN 5.5% 18/04/2018 795,558 0.37 GBP 300,000 Great Rolling Stock EMTN 6.25% 27/07/2020 440,930 0.20 GBP 400,000 Heathrow Finance RegS 5.375% 02/09/2019 496,061 0.23 GBP 700,000 Heathrow Funding EMTN 6% 20/03/2020 964,245 0.45

GBP 850,000 HSBC Capital Funding/Jersey RegS variable perpetual 1,155,078 0.53

EUR 1,000,000 HSBC Capital Funding/Jersey RegS variable perpetual 1,000,863 0.46

GBP 320,000 HSBC variable 08/04/2018 400,530 0.19 GBP 215,000 Imperial Tobacco Finance EMTN 9% 17/02/2022 374,566 0.17 GBP 500,000 Investec Bank EMTN 9.625% 17/02/2022 669,198 0.31 GBP 243,000 Lloyds TSB Bank EMTN 6.625% 30/03/2015 319,635 0.15 GBP 200,000 Marks & Spencer EMTN 4.75% 12/06/2025 249,224 0.12 GBP 650,000 Marks & Spencer EMTN 6.125% 02/12/2019 912,394 0.42 GBP 600,000 Next 5.375% 26/10/2021 844,795 0.39 GBP 500,000 NIE Finance RegS 6.375% 02/06/2026 731,281 0.34 GBP 924,000 Old Mutual EMTN 7.125% 19/10/2016 1,311,630 0.61 GBP 1,452,000 Old Mutual EMTN 8% 03/06/2021 1,941,164 0.90 GBP 1,100,000 Pearson Funding One 6% 15/12/2015 1,513,735 0.70

GBP 446,000 Porterbrook Rail Finance EMTN 6.5% 20/10/2020 668,570 0.31

USD 1,415,000 Rio Tinto 3.5% 22/03/2022 1,134,133 0.53 GBP 612,000 RSA Insurance variable perpetual 778,962 0.36 GBP 810,000 Segro 6.75% 23/11/2021 1,215,310 0.56

GBP 179,000 Southern Water Services Finance variable 31/03/2038 230,280 0.11

EUR 1,000,000 SSE EMTN variable perpetual 1,038,029 0.48 GBP 517,000 SSE EMTN variable perpetual 663,394 0.31 EUR 1,100,000 SSE variable perpetual 1,169,039 0.54 GBP 1,100,000 Standard Chartered Bank 7.75% 03/04/2018 1,650,839 0.76

GBP 700,000 Thames Water Utilities Cayman Finance EMTN variable 13/09/2030 975,816 0.45

GBP 850,000 Thames Water Utilities Cayman Finance EMTN variable 21/07/2025 1,143,944 0.53

GBP 300,000 UBM 6.5% 23/11/2016 419,839 0.19 GBP 850,000 Virgin Media Secured Finance 7% 15/01/2018 1,130,382 0.52

GBP 750,000 Yorkshire Water Services Bradford Finance variable 24/04/2025 1,024,070 0.47

GBP 800,000 Zurich Finance UK EMTN variable perpetual 1,066,805 0.49 United States of America 62,041,293 28.73 USD 1,350,000 Altria Group 9.95% 10/11/2038 1,690,427 0.78


USD 1,085,000 AT&T 2.625% 01/12/2022 823,866 0.38 USD 590,000 Boston Properties 3.85% 01/02/2023 470,505 0.22 USD 1,075,000 CBS 4.85% 01/07/2042 852,968 0.40

USD 3,100,000 Cellco Partnership/Verizon Wireless Capital 8.5% 15/11/2018 3,232,741 1.50

USD 1,300,000 CNA Financial 7.35% 15/11/2019 1,237,895 0.57 USD 955,000 Consumers Energy 6.7% 15/09/2019 943,471 0.44 USD 1,235,000 Digital Realty Trust 5.25% 15/03/2021 1,038,656 0.48 USD 620,000 Dr Pepper Snapple 3.2% 15/11/2021 488,028 0.23

USD 1,190,000 El Paso Pipeline Partners Operating 6.5% 01/04/2020 1,093,916 0.51

USD 500,000 Entravision Communications 8.75% 01/08/2017 412,454 0.19 USD 1,585,000 Ford Motor Credit 3% 12/06/2017 1,235,142 0.57 USD 1,790,000 Ford Motor Credit 6.625% 15/08/2017 1,589,787 0.74

USD 735,000 Freeport-McMoRan Copper & Gold 2.15% 01/03/2017 559,057 0.26

USD 655,000 Freeport-McMoRan Copper & Gold 3.55% 01/03/2022 494,529 0.23

GBP 500,000 GE Capital UK Funding EMTN 2.25% 08/09/2015 626,164 0.29 USD 585,000 General Electric 4.125% 09/10/2042 459,456 0.21 USD 1,165,000 Hartford Financial Services 5.125% 15/04/2022 1,018,105 0.47 USD 400,000 Hartford Financial Services 5.5% 30/03/2020 351,308 0.16 USD 665,000 HCA 4.75% 01/05/2023 512,054 0.24 USD 1,515,000 Health Care REIT 4.125% 01/04/2019 1,227,653 0.57 USD 1,755,000 HJ Heinz 1.5% 01/03/2017 1,346,081 0.62 USD 1,450,000 HJ Heinz 2.85% 01/03/2022 1,120,141 0.52 USD 575,000 Humana 7.2% 15/06/2018 537,992 0.25 USD 425,000 International Paper 7.95% 15/06/2018 416,266 0.19 USD 775,000 International Paper 9.375% 15/05/2019 798,625 0.37 GBP 640,000 JPMorgan Chase & Co. EMTN 3.5% 18/12/2026 782,968 0.36 USD 3,950,000 JPMorgan Chase Bank 6% 01/10/2017 3,539,832 1.64 USD 1,065,000 Kohl's 3.25% 01/02/2023 786,579 0.36 USD 975,000 Lincoln National 4.2% 15/03/2022 790,645 0.37 USD 1,740,000 Lockheed Martin 3.35% 15/09/2021 1,395,933 0.65 USD 680,000 Lorillard Tobacco 2.3% 21/08/2017 520,962 0.24 USD 575,000 Ltd Brands 5.625% 15/02/2022 475,266 0.22 USD 765,000 Macy's Retail 2.875% 15/02/2023 568,076 0.26 USD 640,000 Macy's Retail 3.875% 15/01/2022 518,290 0.24 USD 470,000 Macy's Retail 5.125% 15/01/2042 388,822 0.18 USD 605,000 Macy's Retail 6.375% 15/03/2037 557,527 0.26 USD 1,415,000 Marathon Oil 2.8% 01/11/2022 1,080,510 0.50 USD 760,000 Morgan Stanley GMTN 5.5% 26/01/2020 645,183 0.30 USD 1,950,000 Mosaic 3.75% 15/11/2021 1,574,864 0.73 USD 320,000 Mosaic 4.875% 15/11/2041 265,379 0.12 USD 535,000 Nisource Finance 6.125% 01/03/2022 487,076 0.23 USD 1,500,000 Noble Energy 4.15% 15/12/2021 1,243,599 0.58 USD 1,450,000 Nordstrom 6.75% 01/06/2014 1,190,930 0.55 USD 800,000 Nordstrom 7% 15/01/2038 865,411 0.40 USD 1,545,000 ONEOK Partners 3.375% 01/10/2022 1,197,493 0.55 USD 2,165,000 ONEOK Partners 8.625% 01/03/2019 2,182,704 1.01 USD 540,000 Pioneer Natural Resources 3.95% 15/07/2022 432,526 0.20 USD 1,250,000 Quest Diagnostics 4.7% 01/04/2021 1,058,091 0.49 USD 400,000 Quicksilver Resources 8.25% 01/08/2015 280,378 0.13 USD 1,215,000 Republic Services 5.25% 15/11/2021 1,088,678 0.50 USD 945,000 Reynolds American 3.25% 01/11/2022 721,316 0.33 USD 2,770,000 Reynolds American 7.625% 01/06/2016 2,506,586 1.16 USD 515,000 Rowan 5.4% 01/12/2042 392,133 0.18 USD 640,000 Royal Bank of Scotland 6.125% 15/12/2022 512,146 0.24 USD 1,055,000 Southern Copper 6.75% 16/04/2040 964,347 0.45 USD 1,310,000 Tyson Foods 4.5% 15/06/2022 1,076,049 0.50 USD 2,115,000 Union Pacific 4% 01/02/2021 1,794,043 0.83 USD 645,000 United Rentals North America 6.125% 15/06/2023 517,421 0.24 USD 2,710,000 Verizon Communications 2.45% 01/11/2022 2,059,326 0.95 USD 2,150,000 Willis 5.75% 15/03/2021 1,859,170 0.86 USD 315,000 Yum! Brands 5.3% 15/09/2019 279,564 0.13 USD 465,000 Yum! Brands 6.875% 15/11/2037 492,889 0.23 Venezuela 1,310,256 0.61 USD 930,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 691,197 0.32 USD 800,000 Venezuela Government 8.5% 08/10/2014 619,059 0.29 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 141,326,196 65.43 주식수 또는 원금


시가 EUR

% 순자산

Belgium 275,317 0.13

USD 335,000 Anheuser-Busch InBev Worldwide 5.375% 15/11/2014 275,317 0.13

Bermuda 1,766,283 0.82 USD 1,520,000 Catlin Insurance 144A variable perpetual 1,156,116 0.54 USD 750,000 Digicel 144A 7% 15/02/2020 610,167 0.28 Brazil 2,823,929 1.31 USD 950,000 Cielo RegS 3.75% 16/11/2022 710,526 0.33 USD 2,500,000 Schahin II Finance RegS 5.875% 25/09/2022 2,024,259 0.94 USD 100,000 Voto-Votorantim RegS 6.75% 05/04/2021 89,144 0.04 Canada 1,074,671 0.50 USD 1,400,000 Barrick Gold 1.75% 30/05/2014 1,074,671 0.50 Denmark 2,002,609 0.93 USD 2,500,000 Danske Bank 144A 3.875% 14/04/2016 2,002,609 0.93 Germany 1,820,624 0.84

USD 2,400,000 Norddeutsche Landesbank Girozentrale 144A 0.875% 16/10/2015 1,820,624 0.84

Italy 1,137,081 0.53 EUR 1,100,000 Lottomatica RegS 3.5% 05/03/2020 1,137,081 0.53 Mexico 5,032,543 2.33 USD 485,000 Banco Santander Mexico Institucion de Banca 372,078 0.17

Multiple Grupo Financiero Santander RegS 4.125% 09/11/2022

USD 1,470,000 Comision Federal de Electricidad 144A 4.875% 26/05/2021 1,265,458 0.59


USD 3,215,000 Petroleos Mexicanos 4.875% 24/01/2022 2,755,339 1.27 Netherlands 4,044,309 1.87 USD 1,770,000 ING Bank 144A 4% 15/03/2016 1,426,723 0.66 USD 1,800,000 ING US 144A 5.5% 15/07/2022 1,484,980 0.69 USD 1,125,000 Koninklijke KPN 8.375% 01/10/2030 1,132,606 0.52 Peru 871,616 0.40 USD 350,000 BBVA Banco Continental RegS 5% 26/08/2022 285,048 0.13 USD 700,000 Volcan Cia Minera RegS 5.375% 02/02/2022 586,568 0.27 Switzerland 4,621,252 2.14

USD 2,400,000 Credit Suisse/Guernsey 144A 1.625% 06/03/2015 1,853,999 0.86

USD 886,000 Swiss Re Capital I 144A variable perpetual 703,351 0.33 USD 2,620,000 UBS/London 144A 2.25% 30/03/2017 2,063,902 0.95 United Kingdom 2,030,497 0.94

USD 430,000 BAT International Finance 144A 9.5% 15/11/2018 454,017 0.21

USD 1,895,000 UBM 144A 5.75% 03/11/2020 1,518,676 0.70 USD 67,000 Virgin Media Finance 8.375% 15/10/2019 57,804 0.03 United States of America 26,707,079 12.36 USD 1,215,000 313 Group 144A 6.375% 01/12/2019 916,059 0.43

USD 542,000 AmeriGas Partners/AmeriGas Finance 6.5% 20/05/2021 447,100 0.21

USD 860,000 Caterpillar Financial Services MTN 1.1% 29/05/2015 657,174 0.30

USD 285,000 CC Holdings GS V 144A 3.849% 15/04/2023 220,601 0.10 USD 1,710,000 Cisco Systems 5.5% 15/01/2040 1,646,873 0.76 USD 2,110,000 Comcast 6.5% 15/01/2017 1,921,629 0.89

USD 615,000 Consolidated Edison of New York 4.45% 15/06/2020 539,915 0.25

USD 385,000 COX Communications 144A 4.7% 15/12/2042 304,998 0.14 USD 991,000 COX Communications 5.45% 15/12/2014 819,820 0.38

USD 865,000 Crosstex Energy/Crosstex Energy Finance 8.875% 15/02/2018 710,272 0.33

USD 1,075,000 Digital Realty Trust 5.875% 01/02/2020 932,498 0.43

USD 940,000 DIRECTV/DIRECTV Financing 2.4% 15/03/2017 730,254 0.34

USD 625,000 DISH DBS 5.875% 15/07/2022 512,611 0.24 USD 2,200,000 DNB Bank 144A 3.2% 03/04/2017 1,775,143 0.82 USD 570,000 Express Scripts 144A 6.125% 15/11/2041 555,258 0.26

USD 845,000 FMG Resources August 2006 Pty 144A 6% 01/04/2017 655,480 0.30

USD 780,000 Gilead Sciences 4.5% 01/04/2021 675,694 0.31 USD 570,000 HDTFS 144A 6.25% 15/10/2022 461,570 0.21 USD 1,490,000 Kraft Foods 144A 3.5% 06/06/2022 1,204,592 0.56 USD 939,000 Kraft Foods 144A 5.37% 10/02/2020 855,895 0.40 USD 995,000 Liberty Mutual 144A 6.5% 01/05/2042 856,314 0.40 USD 2,265,000 NBCUniversal Media 5.15% 30/04/2020 2,038,348 0.94 USD 650,000 News America 6.65% 15/11/2037 641,999 0.30 USD 3,835,000 Oracle 2.5% 15/10/2022 2,932,105 1.36

USD 725,000 Public Service Electric & Gas MTN 3.65% 01/09/2042 546,983 0.25

USD 525,000 Rock-Tenn 144A 4.45% 01/03/2019 430,063 0.20 USD 370,000 SLM MTN 6% 25/01/2017 303,795 0.14

USD 495,000 Swiss Re Treasury US 144A 4.25% 06/12/2042 376,059 0.17

USD 1,220,000 US Treasury 0.25% 30/11/2014 923,399 0.43 USD 780,000 Virgin Media Finance 4.875% 15/02/2022 608,010 0.28

USD 620,000 Xstrata Canada Financial 144A 4.95% 15/11/2021 506,568 0.23



시가 EUR

% 순자산

United Kingdom 249,259 0.12 GBP 200,000 Virgin Media Finance 5.125% 15/02/2022 249,259 0.12 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 249,259 0.12 총 투자자산 195,783,265 90.65 기타 순자산 20,197,900 9.35 순자산가치 215,981,165 100.00

슈로더 글로벌 하이인컴 채권 펀드 (Global High Income Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Argentina 933,846 5.81 USD 750,000 Argentina Bonar Bonds 7% 17/04/2017 635,512 3.95

USD 400,000 Provincia de Buenos Aires RegS 10.875% 26/01/2021 298,334 1.86

Belarus 360,554 2.24 USD 350,000 Belarus (Republic of) 8.75% 03/08/2015 360,554 2.24 Brazil 428,618 2.67

USD 150,000 Minerva Overseas II RegS 10.875% 15/11/2019 172,873 1.08


Colombia 696,680 4.33

COP 155,000,000 Colombia Government International 12% 22/10/2015 106,867 0.66


El Salvador 353,685 2.20

USD 350,000 El Salvador Government International RegS 5.875% 03/01/2025 353,685 2.20

Hungary 695,213 4.32 HUF 60,000,000 Hungary Government 7% 24/06/2022 288,658 1.79

USD 350,000 Hungary Government International 7.625% 29/03/2041 406,555 2.53

India 681,080 4.24 USD 200,000 Bhira Investments Variable 27/04/2071 206,887 1.29 USD 250,000 ICICI Bank RegS Variable 30/04/2022 252,987 1.57 USD 200,000 Vedanta Resources RegS 8.25% 07/06/2021 221,206 1.38 Indonesia 313,891 1.95 USD 250,000 Bumi Investment RegS 10.75% 06/10/2017 224,934 1.40 IDR 625,000,000 Indonesia Government 9.5% 15/05/2041 88,957 0.55 Mexico 1,127,680 7.01 MXN 6,600,000 America Movil SAB de 6.45% 05/12/2022 525,312 3.26 USD 250,000 Cemex Finance RegS 9.375% 12/10/2022 282,207 1.76 MXN 1,600,000 Mexican Bonos 7.75% 14/12/2017 137,423 0.85 MXN 1,875,000 Mexican Bonos 8.5% 31/05/2029 182,738 1.14 Peru 99,111 0.62 PEN 200,000 Peru Government Bond 7.84% 12/08/2020 99,111 0.62 Russia 579,482 3.60


USD 200,000 SCF Capital RegS 5.375% 27/10/2017 205,173 1.27 Serbia 403,406 2.51 USD 350,000 Republic of Serbia RegS 7.25% 28/09/2021 403,406 2.51 Turkey 574,452 3.57 TRY 810,000 Turkey Government 8% 09/10/2013 460,114 2.86 TRY 170,000 Turkey Government 9.5% 12/01/2022 114,338 0.71 Ukraine 772,901 4.81

USD 750,000 National JSC Naftogaz of Ukraine 9.5% 30/09/2014 772,901 4.81

United Kingdom 96,773 0.60 CNH 600,000 HSBC Bank EMTN 2.875% 30/04/2015 96,773 0.60 United States of America 792,564 4.93 USD 100,000 Alliance One International 10% 15/07/2016 104,890 0.65


USD 25,000 Avaya 9.75% 01/11/2015 22,375 0.14 USD 100,000 Dana 6.5% 15/02/2019 107,250 0.67 USD 40,000 DaVita 5.75% 15/08/2022 42,329 0.26 USD 35,000 DR Horton 4.375% 15/09/2022 35,811 0.22 USD 95,000 HCA 5.875% 01/05/2023 99,002 0.62 USD 100,000 Ltd Brands 6.625% 01/04/2021 114,682 0.71 USD 80,000 Quicksilver Resources 8.25% 01/08/2015 74,096 0.46 USD 55,000 Ryland Group 5.375% 01/10/2022 56,375 0.35 USD 55,000 Sprint Nextel 7.00% 15/08/2020 60,485 0.38 USD 15,000 Terex 6.5% 01/04/2020 16,017 0.10 USD 25,000 United Rentals North America 6.125% 15/06/2023 26,500 0.17 Venezuela 589,239 3.66 USD 600,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 589,239 3.66 공식증권거래소상장이 인가된 총 양도성증권 및 단기금융상품 9,499,175 59.07 주식수 또는 원금


시가 USD

% 순자산

Argentina 130,305 0.81

BRL 250,000 Arcos Dorados RegS 10.25% 13/07/2016 130,305 0.81 Belgium 99,000 0.62 USD 100,000 Taminco Acquisition 144A 9.125% 15/12/2017 99,000 0.62 Brazil 567,636 3.53 BRL 600,000 Banco do Brasil RegS 9.75% 18/07/2017 334,982 2.08

USD 5,820 Odebrecht Drilling Norbe VIII/IX RegS 6.35% 30/06/2021 6,575 0.04

USD 250,000 OGX Austria RegS 8.5% 01/06/2018 226,079 1.41 Colombia 49,945 0.31 COP 75,000,000 Emgesa ESP RegS 8.75% 25/01/2021 49,945 0.31 Ecuador 410,374 2.55 USD 400,000 Republic of Ecuador RegS 9.375% 15/12/2015 410,374 2.55 Italy 208,822 1.30



Philippines 134,886 0.84 PHP 5,000,000 Philippine Government 4.95% 15/01/2021 134,886 0.84 Russia 211,387 1.31 USD 200,000 Evraz RegS 7.4% 24/04/2017 211,387 1.31 South Africa 379,010 2.36 ZAR 3,000,000 South Africa Government 7.75% 28/02/2023 379,010 2.36 Spain 23,100 0.15

USD 30,000 Codere Finance Luxembourg 144A 9.25% 15/02/2019 23,100 0.15

United States of America 2,307,054 14.35 USD 45,000 ADS Waste 144A 8.25% 01/10/2020 47,475 0.30 USD 10,000 Alphabet Holding 144A 7.75% 01/11/2017 10,325 0.06 USD 100,000 Aviv Healthcare Properties 7.75% 15/02/2019 106,500 0.66 USD 45,000 Biomet 144A 6.5% 01/10/2020 44,985 0.28 USD 55,000 Biomet 144A 6.50% 01/08/2020 58,644 0.36 USD 100,000 BOE Merger 144A 9.5% 01/11/2017 100,500 0.63 USD 25,000 Boyd Gaming 9.125% 01/12/2018 25,680 0.16 USD 100,000 Capella Healthcare 9.25% 01/07/2017 107,750 0.67 USD 65,000 CCO/CCO Capital 5.25% 30/09/2022 66,300 0.41 USD 50,000 Cyrusone Finance 144A 6.375% 15/11/2022 52,375 0.33 USD 25,000 First Data 144A 6.75% 01/11/2020 25,375 0.16 USD 20,000 First Data 144A 8.25% 15/01/2021 20,100 0.12 USD 95,000 Gray Television 144A 7.5% 01/10/2020 97,613 0.61

USD 40,000 H&E Equipment Services 144A 7.00% 01/09/2022 42,850 0.27

USD 100,000 Halcon Resources 144A 8.875% 15/05/2021 106,750 0.66 USD 100,000 HD Supply 144A 11.5% 15/07/2020 112,750 0.70

USD 10,000 Hiland Partners Finance 144A 7.25% 01/10/2020 10,750 0.07

USD 70,000 Ineos Finance 144A 7.5% 01/05/2020 73,500 0.46 USD 40,000 Lamar Media 144A 5% 01/05/2023 41,350 0.26 USD 70,000 Lennar 144A 4.75% 15/11/2022 69,038 0.43

USD 40,000 Level 3 Communications 144A 8.875% 01/06/2019 42,850 0.27

USD 45,000 Level 3 Financing 144A 7.00% 01/06/2020 47,306 0.29 USD 110,000 Michaels Stores 144A 7.75% 01/11/2018 121,275 0.75 USD 50,000 Midstates Petroleum 144A 10.75% 01/10/2020 53,375 0.33 USD 20,000 Nortek 144A 8.5% 15/04/2021 22,050 0.14 USD 35,000 NRG Energy 144A 6.625% 15/03/2023 37,625 0.23 USD 55,000 Offshore Investment 144A 7.5% 01/11/2019 55,825 0.35 USD 20,000 Penske Automotive 144A 5.75% 01/10/2022 20,700 0.13

USD 60,000 Jaguar II/Jaguar Merger 144A 9.5% 01/12/2019 68,400 0.43

USD 100,000 Reynolds Group Issuer 7.875% 15/08/2019 112,000 0.70 USD 45,000 Rite Aid 9.25% 15/03/2020 47,925 0.30 USD 10,000 Sabra Health Care 8.125% 01/11/2018 10,713 0.07 USD 65,000 SandRidge Energy 7.5% 15/02/2023 69,875 0.43 USD 75,000 Sirius XM Radio 144A 5.25% 15/08/2022 76,125 0.47 USD 40,000 Sprint Nextel 9.125% 01/03/2017 47,300 0.29 USD 10,000 Starz 144A 5% 15/09/2019 10,300 0.06

USD 100,000 Univision Communications 144A 8.5% 15/05/2021 104,000 0.65

USD 10,000 UR Merger Sub 144A 7.375% 15/05/2020 11,025 0.07 USD 70,000 Viking Cruises 144A 8.5% 15/10/2022 75,775 0.47

USD 50,000 WaveDivision Escrow 144A 8.125% 01/09/2020 52,000 0.32

Venezuela 584,955 3.64 USD 700,000 Venezuela Government 6% 09/12/2020 584,955 3.64 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 5,106,474 31.77



시가 USD

% 순자산

Panama 156,000 0.97 USD 150,000 ENA Norte Trust RegS 4.95% 25/04/2028 156,000 0.97 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 156,000 0.97 총 투자자산 14,761,649 91.81 기타 순자산 1,316,084 8.19 순자산가치 16,077,733 100.00

슈로더 글로벌 하이일드 펀드 (Global High Yield) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Argentina 10,168,200 0.24 USD 12,000,000 Argentina Bonar Bonds 7% 17/04/2017 10,168,200 0.24 Belgium 6,045,178 0.14 EUR 2,000,000 Barry Callebaut Services 5.375% 15/06/2021 2,998,483 0.07 EUR 2,300,000 KBC Bank 8% perpetual 3,046,695 0.07 Brazil 25,280,544 0.60

USD 1,000,000 Minerva Overseas II RegS 10.875% 15/11/2019 1,152,485 0.03

USD 17,020,000 QGOG Constellation RegS 6.25% 09/11/2019 17,821,387 0.42

USD 6,165,000 Virgolino de Oliveira Finance RegS 10.5% 28/01/2018 6,306,672 0.15

China 2,074,068 0.05

USD 1,800,000 China Shanshui Cement RegS 10.5% 27/04/2017 2,074,068 0.05

Croatia 5,775,832 0.14

USD 5,075,000 Croatia Government RegS 6.375% 24/03/2021 5,775,832 0.14

Czech Republic 17,226,910 0.41

EUR 12,750,000 New World Resources RegS 7.375% 15/05/2015 17,226,910 0.41

Denmark 6,075,325 0.14 GBP 4,050,000 Danske Bank EMTN variable perpetual 6,075,325 0.14 Finland 3,762,584 0.09 EUR 1,250,000 Nokia EMTN 5.5% 04/02/2014 1,708,923 0.04 EUR 1,500,000 Stora Enso EMTN 5% 19/03/2018 2,053,661 0.05 France 68,426,735 1.62 EUR 2,100,000 BPCE variable perpetual 3,273,511 0.08 EUR 5,250,000 BPCE variable perpetual 7,372,757 0.17 GBP 2,100,000 Credit Agricole variable perpetual 3,166,442 0.07 EUR 1,350,000 Crown European RegS 7.125% 15/08/2018 1,968,766 0.05 EUR 550,000 Groupama variable perpetual 395,620 0.01 EUR 3,350,000 Lafarge EMTN 6.625% 29/11/2018 4,999,839 0.12 EUR 4,750,000 Natixis variable perpetual 5,226,126 0.12 EUR 2,200,000 Peugeot EMTN 6.875% 30/03/2016 3,092,574 0.07 EUR 4,200,000 RCI Banque EMTN 5.625% 05/10/2015 6,116,368 0.14 EUR 2,300,000 Renault EMTN 4.625% 25/05/2016 3,188,410 0.08 EUR 5,450,000 Rexel 8.25% 15/12/2016 7,916,620 0.19 USD 5,600,000 Société Générale variable perpetual 5,596,220 0.13 EUR 5,550,000 Société Générale variable perpetual 8,243,091 0.20 EUR 2,800,000 SPCM RegS 5.5% 15/06/2020 3,936,928 0.09 EUR 1,100,000 Wendel 4.375% 09/08/2017 1,505,458 0.04 EUR 1,700,000 Wendel EMTN 5.875% 17/09/2019 2,428,005 0.06 Germany 101,467,670 2.41 EUR 3,800,000 ALBA & Co. RegS 8% 15/05/2018 5,459,591 0.13 EUR 750,000 Brenntag Finance 5.5% 19/07/2018 1,131,071 0.03 EUR 3,400,000 Commerzbank EMTN 7.75% 16/03/2021 4,839,389 0.11

USD 7,040,000 Continental Rubber of America 144A 4.5% 15/09/2019 7,216,000 0.17

EUR 850,000 Deutsche Lufthansa EMTN 6.75% 24/03/2014 1,197,346 0.03

EUR 600,000 FMC Finance VIII RegS 5.25% 31/07/2019 883,447 0.02 EUR 750,000 FMC Finance VIII RegS 6.5% 15/09/2018 1,161,743 0.03 EUR 1,700,000 Fresenius Finance RegS 4.25% 15/04/2019 2,444,066 0.06 EUR 4,000,000 HeidelbergCement Finance 7.5% 03/04/2020 6,261,185 0.15 EUR 650,000 HeidelbergCement Finance 7.5% 31/10/2014 944,184 0.02 EUR 5,560,000 HeidelbergCement Finance 8% 31/01/2017 8,644,383 0.20

EUR 500,000 HeidelbergCement Finance EMTN 4% 08/03/2016 691,547 0.02

EUR 500,000 HeidelbergCement Finance EMTN 5.625% 04/01/2018 731,657 0.02

EUR 400,000 HeidelbergCement Finance EMTN 6.75% 15/12/2015 592,693 0.01

EUR 3,289,000 Kinove German Bondco RegS 10% 15/06/2018 4,813,643 0.11

EUR 1,950,000 Schaeffler Finance RegS 7.75% 15/02/2017 2,882,397 0.07 EUR 2,250,000 Schaeffler Finance RegS 8.75% 15/02/2019 3,436,590 0.08 EUR 500,000 Schaeffler Finance RegS 8.75% 15/02/2019 763,687 0.02

EUR 6,000,000 Techem Energy Metering Service GmbH & Co KG RegS 7.875% 01/10/2020 8,807,115 0.21

EUR 400,000 Techem RegS 6.125% 01/10/2019 571,261 0.01 EUR 1,265,000 TUI variable perpetual 1,644,358 0.04

USD 18,490,000

Unitymedia Hessen GmbH & Co KG/Unitymedia NRW GmbH 144A 5.5% 15/01/2023 19,322,050 0.46

EUR 1,850,000

Unitymedia Hessen GmbH & Co KG/Unitymedia NRW GmbH RegS 5.5% 15/09/2022 2,508,452 0.06

EUR 1,700,000

Unitymedia Hessen GmbH & Co KG/Unitymedia NRW GmbH RegS 7.5% 15/03/2019 2,481,546 0.06

EUR 3,800,000 Unitymedia KabelBW GmbH RegS 9.5% 15/03/2021 5,848,606 0.14

EUR 4,150,000 Unitymedia KabelBW GmbH RegS 9.625% 01/12/2019 6,189,663 0.15

Hungary 12,529,266 0.30 USD 8,900,000 Hungary Government 6.375% 29/03/2021 9,907,391 0.24

USD 870,000 MOL Group Finance EMTN 6.25% 26/09/2019 895,982 0.02

EUR 1,950,000 OTP Bank variable perpetual 1,725,893 0.04 Indonesia 4,498,675 0.11 USD 5,000,000 Bumi Investment RegS 10.75% 06/10/2017 4,498,675 0.11 Ireland 14,906,271 0.35 EUR 2,500,000 Allied Irish Banks EMTN 5.625% 12/11/2014 3,337,805 0.08 EUR 950,000 ESB Finance 4.375% 21/11/2019 1,329,635 0.03

EUR 2,350,000 Smurfit Kappa Acquisitions RegS 5.125% 15/09/2018 3,291,508 0.08

EUR 800,000 Smurfit Kappa Acquisitions RegS 7.25% 15/11/2017 1,140,772 0.02

EUR 3,950,000 Smurfit Kappa Acquisitions RegS 7.75% 15/11/2019 5,806,551 0.14

Italy 76,948,631 1.83

EUR 800,000 Assicurazioni Generali EMTN variable 12/12/2042 1,125,799 0.03

EUR 1,640,000 Banca Popolare di Lodi Investors Trust III variable perpetual 1,620,440 0.04

EUR 1,000,000 Edison EMTN 4.25% 22/07/2014 1,385,098 0.03 EUR 4,400,000 Fiat Finance & Trade 7.75% 17/10/2016 6,174,334 0.15

EUR 4,200,000 Fiat Finance & Trade EMTN 6.125% 08/07/2014 5,730,910 0.14

EUR 850,000 Fiat Finance & Trade GMTN 6.875% 13/02/2015 1,179,027 0.03

EUR 3,100,000 Fiat Finance & Trade GMTN 7% 23/03/2017 4,249,353 0.10

EUR 6,950,000 Fiat Industrial Finance Europe EMTN 6.25% 09/03/2018 10,314,669 0.24

EUR 4,173,000 Lottomatica RegS variable 31/03/2066 5,799,965 0.14 EUR 2,100,000 Rottapharm RegS 6.125% 15/11/2019 2,886,488 0.07

USD 15,000,000 Wind Acquisition Finance 144A 7.25% 15/02/2018 15,262,500 0.36




Luxembourg 32,543,785 0.77 CHF 1,270,000 Aguila 3 RegS 7.875% 31/01/2018 1,497,494 0.04 USD 6,185,000 ArcelorMittal 6.125% 01/06/2018 6,286,898 0.15 USD 3,500,000 ArcelorMittal 10.35% 01/06/2019 4,235,070 0.10

EUR 8,400,000 Ardagh Glass Finance RegS 7.125% 15/06/2017 11,454,605 0.27

EUR 3,150,000 Spie BondCo 3 RegS 11% 15/08/2019 4,540,927 0.11

EUR 1,250,000 Telenet Finance III Luxembourg RegS 6.625% 15/02/2021 1,763,553 0.04

EUR 100,000 Telenet Finance V Luxembourg RegS 6.25% 15/08/2022 141,050 -

EUR 1,850,000 Xefin Lux RegS 8% 01/06/2018 2,624,188 0.06 Mexico 24,194,229 0.57 USD 19,790,000 Cemex Finance RegS 9.375% 12/10/2022 22,339,546 0.53 USD 1,700,000 Cemex RegS 9% 11/01/2018 1,854,683 0.04 Netherlands 59,771,575 1.42 EUR 3,800,000 ABN Amro Bank variable perpetual 4,168,473 0.10 GBP 448,000 ABN Amro Bank variable perpetual 605,876 0.01 GBP 4,200,000 Brit Insurance variable 09/12/2030 5,122,421 0.12 EUR 2,250,000 Carlson Wagonlit RegS 7.5%15/06/2019 3,184,430 0.08 EUR 850,000 OI European RegS 6.875% 31/03/2017 1,163,870 0.03

EUR 6,900,000 Royal Bank of Scotland EMTN FRN 08/06/2015 8,580,142 0.20

EUR 4,800,000 SNS Bank RegS variable perpetual 4,305,942 0.10 EUR 1,900,000 TMF RegS 9.875% 01/12/2019 2,562,892 0.06 EUR 1,270,000 TMF RegS variable 01/12/2018 1,685,997 0.04 EUR 2,550,000 UPC RegS 6.375% 15/09/2022 3,441,103 0.08 EUR 1,800,000 UPC RegS 8% 01/11/2016 2,478,640 0.06 EUR 1,400,000 UPC RegS 8.375% 15/08/2020 2,084,758 0.05 EUR 1,700,000 UPC RegS 9.75% 15/04/2018 2,416,616 0.06

EUR 2,150,000 UPCB Finance II RegS 6.375% 01/07/2020 3,035,868 0.07 EUR 3,750,000 UPCB Finance RegS 7.625% 15/01/2020 5,452,468 0.13 EUR 6,500,000 Ziggo Bond RegS 8% 15/05/2018 9,482,079 0.23 Norway 43,486,912 1.03 USD 4,548,000 Eksportfinans 2% 15/09/2015 4,371,788 0.10 USD 3,410,000 Eksportfinans 2.375% 25/05/2016 3,263,557 0.08 USD 23,650,000 Eksportfinans 3% 17/11/2014 23,560,485 0.56 USD 11,760,000 Eksportfinans 5.5% 25/05/2016 12,291,082 0.29 Poland 30,441,404 0.72 USD 10,725,000 Eileme 2 144A 11.625% 31/01/2020 12,601,875 0.30 EUR 850,000 Eileme 2 RegS 11.75% 31/01/2020 1,309,931 0.03 EUR 9,160,000 TVN Finance II RegS 10.75% 15/11/2017 13,435,120 0.32 EUR 2,200,000 TVN Finance III RegS 7.875% 15/11/2018 3,094,478 0.07 Portugal 31,288,282 0.74

EUR 6,200,000 Banco Espirito Santo EMTN 5.875% 09/11/2015 8,428,619 0.20

EUR 2,000,000 Brisa Concessao Rodoviaria EMTN 6.875% 02/04/2018 2,794,756 0.07

EUR 3,300,000 Caixa Geral de Depositos 5.625% 04/12/2015 4,493,613 0.11 EUR 3,850,000 EDP Finance EMTN 3.25% 16/03/2015 5,109,085 0.12 EUR 3,150,000 EDP Finance EMTN 5.75% 21/09/2017 4,465,111 0.10 EUR 3,100,000 EDP Finance EMTN 5.875% 01/02/2016 4,353,069 0.10 GBP 900,000 EDP Finance EMTN 8.625% 04/01/2024 1,644,029 0.04 Romania 10,864,675 0.26

USD 8,900,000 Romanian Government RegS 6.75% 07/02/2022 10,864,675 0.26

Serbia 10,373,310 0.25 USD 9,000,000 Republic of Serbia RegS 7.25% 28/09/2021 10,373,310 0.25 South Africa 3,633,563 0.09 EUR 1,500,000 Edcon RegS FRN 15/06/2015 1,847,192 0.05 EUR 1,250,000 Sappi Papier RegS 6.625% 15/04/2018 1,786,371 0.04 Spain 26,079,413 0.62 EUR 50,000 Abengoa 9.625% 25/02/2015 69,902 - EUR 1,650,000 Abengoa EMTN 8.5% 31/03/2016 2,240,310 0.05 EUR 600,000 Banco de Sabadell EMTN 6.25% 26/04/2020 728,071 0.02 EUR 1,200,000 Bankia 4.375% 14/02/2017 1,490,494 0.04 EUR 2,820,000 Campofrio Food RegS 8.25% 31/10/2016 4,007,025 0.10

EUR 3,413,000 Codere Finance Luxembourg RegS 8.25% 15/06/2015 3,816,419 0.09

EUR 1,800,000 Mapfre 5.125% 16/11/2015 2,499,558 0.06

EUR 2,350,000 Nara Cable Funding RegS 8.875% 01/12/2018 3,144,880 0.07

EUR 3,200,000 Obrascon Huarte Lain EMTN 8.75% 15/03/2018 4,627,614 0.11


Sweden 2,247,665 0.05 EUR 1,600,000 Stena RegS 6.125% 01/02/2017 2,247,665 0.05 Switzerland 22,020,522 0.52

EUR 1,000,000 Clariant Finance Luxembourg 5.625% 24/01/2017 1,467,344 0.03

EUR 1,600,000 Gategroup Finance Luxembourg RegS 6.75% 01/03/2019 2,260,413 0.05

CHF 3,900,000 Sunrise Communications International RegS 5.625% 31/12/2017 4,458,874 0.11

CHF 7,100,000 Sunrise Communications International RegS 7% 31/12/2017 8,371,817 0.20

EUR 4,300,000 UBS/Jersey variable perpetual 5,462,074 0.13 Ukraine 10,511,457 0.25


United Kingdom 148,630,220 3.53

GBP 3,000,000 Anglian Water Osprey Financing EMTN 7% 31/01/2018 5,281,682 0.12

GBP 400,000 Aviva variable 14/11/2036 673,302 0.02

GBP 1,650,000 Bank of Scotland Capital Funding RegS variable perpetual 2,431,617 0.06

GBP 1,300,000 Bank of Scotland variable perpetual 2,035,705 0.05 GBP 4,825,000 Bank of Scotland variable perpetual 7,529,813 0.18 EUR 1,350,000 Boparan RegS 9.75% 30/04/2018 2,024,654 0.05 GBP 1,100,000 Boparan RegS 9.875% 30/04/2018 2,019,514 0.05

GBP 2,300,000 Care UK Health & Social Care RegS 9.75% 01/08/2017 3,996,883 0.09

GBP 3,100,000 Co-Operative Bank/United Kingdom EMTN 9.25% 28/04/2021 5,605,855 0.13

GBP 2,020,000 Daily Mail & General Trust 5.75% 07/12/2018 3,474,763 0.08 GBP 4,215,900 DFS Furniture RegS 9.75% 15/07/2017 7,418,115 0.18 GBP 2,540,000 Dixons Retail 8.75% 15/09/2017 4,485,193 0.11 USD 1,490,000 Friends Life variable perpetual 1,588,087 0.04

GBP 3,950,000 GKN EMTN 5.375% 19/09/2022 6,624,523 0.16 GBP 3,500,000 Heathrow Finance EMTN 7.125% 01/03/2017 6,161,963 0.15 GBP 3,000,000 Heathrow Finance RegS5.375% 02/09/2019 4,916,067 0.12

GBP 1,650,000 House of Fraser Funding RegS 8.875% 15/08/2018 2,813,232 0.07

EUR 1,220,000 Ineos Finance RegS 9.25% 15/05/2015 1,738,823 0.04 GBP 7,500,000 Investec Bank EMTN 9.625% 17/02/2022 13,263,781 0.31 EUR 800,000 Investec Tier I UK variable perpetual 920,073 0.02 GBP 1,250,000 Jaguar Land Rover RegS 8.25% 15/03/2020 2,250,489 0.05 EUR 3,383,000 Lloyds TSB Bank variable perpetual 3,669,354 0.09 GBP 1,450,000 Matalan Finance RegS 9.625% 31/03/2017 2,280,198 0.05 GBP 2,550,000 Odeon & UCI Finco RegS 9% 01/08/2018 4,325,753 0.10 EUR 1,250,000 Old Mutual EMTN variable perpetual 1,532,166 0.04 EUR 2,800,000 Rexam variable 29/06/2067 3,892,623 0.09

EUR 4,550,000 Royal Bank of Scotland EMTN variable 16/03/2022 7,392,661 0.17

GBP 1,250,000 RSA Insurance variable perpetual 2,102,306 0.05

USD 960,000 Sable International Finance 144A 8.75% 01/02/2020 1,104,000 0.03

GBP 3,850,000 Southern Water Greensands Financing GMTN 8.5% 15/04/2019 6,578,082 0.16

GBP 4,316,000 Spirit Issuer 5.86% 28/12/2014 6,465,330 0.15

GBP 3,100,000 Thames Water Kemble Finance EMTN 7.75% 01/04/2019 5,481,660 0.13

EUR 2,659,000 Thomas Cook 6.75% 22/06/2015 3,010,170 0.07 GBP 1,360,000 Thomas Cook EMTN 7.75% 22/06/2017 1,783,986 0.04 GBP 1,100,000 Towergate Finance RegS 10.5% 15/02/2019 1,834,837 0.04 GBP 2,488,000 Virgin Media Finance 8.875% 15/10/2019 4,591,767 0.11 GBP 850,000 Virgin Media Secured Finance 7% 15/01/2018 1,493,641 0.04 EUR 2,800,000 Viridian RegS 11.125% 01/04/2017 3,837,552 0.09 United States of America 770,693,873 18.28 USD 24,119,000 Alliance One International 10% 15/07/2016 25,298,540 0.60 USD 11,630,000 Ally Financial 4.5% 11/02/2014 11,958,547 0.28 USD 8,090,000 Ally Financial 4.625% 26/06/2015 8,446,567 0.20 USD 4,250,000 Ally Financial 5.5% 15/02/2017 4,560,144 0.11 USD 29,500,000 Ally Financial 7.5% 15/09/2020 35,879,375 0.85 USD 14,250,000 Ally Financial 8.3% 12/02/2015 15,960,000 0.38

USD 10,410,000 American Axle & Manufacturing 6.625% 15/10/2022 10,640,165 0.25


USD 7,915,000 AmeriGas Finance 6.75% 20/05/2020 8,698,822 0.21 USD 5,765,000 Avaya 9.75% 01/11/2015 5,159,675 0.12 USD 955,000 Ball 5% 15/03/2022 1,026,625 0.02 USD 4,760,000 Berry Petroleum 6.375% 15/09/2022 4,968,179 0.12

EUR 4,250,000 Beverage Packaging Luxembourg II RegS 9.5% 15/06/2017 5,859,140 0.14

USD 24,690,000 Cablevision Systems 5.875% 15/09/2022 24,804,685 0.59 USD 19,690,000 Chesapeake Energy 6.125% 15/02/2021 20,515,405 0.49 USD 8,260,000 CIT 5% 15/08/2022 8,916,463 0.21 USD 5,250,000 Concho Resources 5.5% 01/10/2022 5,565,000 0.13 USD 195,000 Dana 6.5% 15/02/2019 209,137 -

USD 18,780,000 DaVita HealthCare Partners 5.75% 15/08/2022 19,873,559 0.47

USD 485,000 Denbury Resources 6.375% 15/08/2021 538,491 0.01 USD 14,360,000 DR Horton 4.375% 15/09/2022 14,692,721 0.35 USD 9,850,000 Energy Transfer Equity 7.5% 15/10/2020 11,404,379 0.27

USD 28,248,000 Entravision Communications 8.75% 01/08/2017 30,790,320 0.73

USD 9,900,000 Ford Motor Credit 5% 15/05/2018 10,960,141 0.26 USD 14,250,000 Ford Motor Credit 7% 15/04/2015 15,908,914 0.38 USD 1,695,000 Ford Motor Credit 8% 01/06/2014 1,848,047 0.04 USD 15,135,000 Frontier Communications 8.25% 15/04/2017 17,583,616 0.42 USD 13,490,000 Frontier Communications 9% 15/08/2031 14,731,080 0.35 USD 300,000 GMAC Capital Trust I variable 15/02/2040 7,956,000 0.19

EUR 2,210,000 Goodyear Dunlop Tires Europe RegS 6.75% 15/04/2019 3,157,472 0.08

USD 958,700 Hartford Financial Services variable 15/04/2042 27,361,298 0.65

USD 16,785,000 HCA 5.875% 15/03/2022 18,327,625 0.43 USD 27,275,000 HCA 5.875% 01/05/2023 28,424,096 0.67

USD 225,000 International Lease Finance 8.25% 15/12/2020 267,750 0.01

USD 13,000,000 International Lease Finance 8.875% 01/09/2017 15,304,705 0.36

USD 13,775,000 Jabil Circuit 5.625% 15/12/2020 15,359,125 0.36 USD 9,010,000 Ltd Brands 5.625% 15/02/2022 9,840,452 0.23 USD 21,900,000 Ltd Brands 6.625% 01/04/2021 25,115,467 0.60 USD 22,110,000 Macy's Retail 6.375% 15/03/2037 26,922,794 0.64

USD 6,540,000 Macy's Retail 6.7% 15/07/2034 7,852,604 0.19

USD 18,220,000 MGM Resorts International 6.625% 15/12/2021 18,394,639 0.44

USD 10,005,000 MGM Resorts International 6.875% 01/04/2016 10,613,954 0.25

USD 6,625,000 MGM Resorts International 7.75% 15/03/2022 7,114,621 0.17 USD 9,300,000 Parker Drilling 9.125% 01/04/2018 9,966,670 0.24 USD 15,615,000 Pinnacle Entertainment 8.75% 15/05/2020 16,942,275 0.40

USD 7,590,000 Plains Exploration & Production 6.125% 15/06/2019 8,311,050 0.20

USD 16,500,000 Plains Exploration & Production 6.625% 01/05/2021 18,203,460 0.43

USD 4,390,000 Quicksilver Resources 7.125% 01/04/2016 3,454,140 0.08 USD 14,805,000 Quicksilver Resources 8.25% 01/08/2015 13,712,391 0.33 USD 11,470,000 Quiksilver 6.875% 15/04/2015 11,326,625 0.27 USD 22,265,000 Royal Bank of Scotland 6.125% 15/12/2022 23,542,788 0.56 USD 7,000,000 Royal Caribbean Cruises 5.25% 15/11/2022 7,431,795 0.18 USD 1,000,000 Ryland 5.375% 01/10/2022 1,025,000 0.02 USD 10,050,000 Sprint Nextel 6% 01/12/2016 10,900,632 0.26 USD 23,725,000 Sprint Nextel 6% 15/11/2022 24,461,780 0.58 USD 23,720,000 Sprint Nextel 7% 15/08/2020 26,085,477 0.62 USD 18,810,000 Terex 6% 15/05/2021 19,797,525 0.47 USD 7,695,000 Terex 6.5% 01/04/2020 8,216,567 0.19

USD 7,545,000 United Rentals North America 6.125% 15/06/2023 7,997,700 0.19

Venezuela 6,237,250 0.14 USD 6,100,000 Venezuela (Republic of) 8.5% 08/10/2014 6,237,250 0.14 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 1,588,204,024 37.67 주식수 또는 원금


시가 USD

% 순자산

Australia 24,562,725 0.58

USD 15,635,000 FMG Resources August 2006 144A 7% 01/11/2015 16,494,925 0.39

USD 7,540,000 FMG Resources August 2006 144A 8.25% 01/11/2019 8,067,800 0.19

Belgium 13,731,896 0.33 EUR 1,950,000 Ontex IV RegS 7.5% 15/04/2018 2,754,596 0.07

USD 3,705,000 Taminco Acquisition 144A variable 15/12/2017 3,667,950 0.09

USD 6,660,000 Taminco Global Chemical 144A 9.75% 31/03/2020 7,309,350 0.17

Bermuda 22,091,400 0.52 USD 20,455,000 Digicel 144A 8.25% 01/09/2017 22,091,400 0.52 Brazil 8,104,708 0.19

USD 2,650,000 BR Malls International Finance RegS 8.5% perpetual 2,919,253 0.07

USD 6,135,000 OGX Austria 144A 8.375% 01/04/2022 5,185,455 0.12 Canada 70,521,394 1.67 USD 13,495,000 Bombardier 144A 7.75% 15/03/2020 15,384,300 0.36

USD 10,930,000 Brookfield Residential Properties 144A 6.5% 15/12/2020 11,285,225 0.27

USD 10,895,000 Calfrac 144A 7.5% 01/12/2020 10,840,525 0.26 USD 14,710,000 New Gold 144A 6.25% 15/11/2022 15,335,175 0.36 USD 6,605,000 Precision Drilling 6.625% 15/11/2020 7,133,400 0.17 USD 10,005,000 Videotron Ltee 5% 15/07/2022 10,542,769 0.25 Denmark 7,080,845 0.17 EUR 5,150,000 ISS RegS 8.875% 15/05/2016 7,080,845 0.17 Greece 5,634,448 0.13 EUR 4,800,000 OTE GMTN 4.625% 20/05/2016 5,634,448 0.13 Italy 43,220,787 1.03 EUR 350,000 Edison EMTN 3.25% 17/03/2015 481,785 0.01

EUR 700,000 Banca Monte dei Paschi di Siena 7.25% 10/07/2015 972,459 0.03


USD 25,858,822 Wind Acquisition Finance 144A variable 15/07/2017 26,505,293 0.63

Jamaica 17,593,500 0.42 USD 15,850,000 Digicel 144A 10.5% 15/04/2018 17,593,500 0.42 Luxembourg 66,245,371 1.57 USD 1,260,000 Aguila 3 144A 7.875% 31/01/2018 1,341,900 0.03 USD 1,086,000 Altice Finco 144A 9.875% 15/12/2020 1,175,595 0.03

USD 6,200,000 Ardagh Packaging Finance 144A 9.125% 15/10/2020 6,789,000 0.16

USD 10,570,000 Intelsat Luxembourg 11.25% 04/02/2017 11,217,413 0.26 USD 32,012,246 Intelsat Luxembourg 11.5% 04/02/2017 34,173,073 0.81

USD 4,760,000 Silver II Borrower/Silver II US 144A 7.75% 15/12/2020 4,950,400 0.12

USD 6,290,000 Telefonica Celular del Paraguay RegS 6.75% 13/12/2022 6,597,990 0.16

Netherlands 19,862,500 0.47 USD 17,500,000 UPC 144A 9.875% 15/04/2018 19,862,500 0.47 Spain 20,018,255 0.47

USD 15,690,000 Codere Finance Luxembourg 144A 9.25% 15/02/2019 12,081,300 0.28

EUR 6,250,000 Ono Finance II RegS 11.125% 15/07/2019 7,936,955 0.19 Switzerland 1,438,616 0.03

GBP 850,000 Swiss Reinsurance via ELM EMTN variable perpetual 1,438,616 0.03

United Kingdom 20,788,028 0.49 USD 6,215,000 Ashtead Capital 144A 6.5% 15/07/2022 6,758,813 0.16 EUR 7,850,000 Ineos RegS 7.875% 15/02/2016 10,339,691 0.24 GBP 2,050,000 Jaguar Land Rover RegS 8.125% 15/05/2018 3,689,524 0.09 United States of America 1,939,608,603 46.02 USD 31,185,000 313 144A 6.375% 01/12/2019 31,068,056 0.74 USD 14,555,000 Academy Finance 144A 9.25% 01/08/2019 16,228,825 0.38

USD 14,275,000 Access Midstream Partners 4.875% 15/05/2023 14,560,500 0.35

USD 9,100,000 Access Midstream Partners 6.125% 15/07/2022 9,850,750 0.24

USD 850,000 ADS Waste 144A 8.25% 01/10/2020 896,750 0.02 USD 12,015,000 Aircastle 144A 6.25% 01/12/2019 12,585,713 0.30 USD 13,980,000 Allbritton Communications 8% 15/05/2018 15,238,200 0.36 USD 3,685,000 Alphabet 144A variable 01/11/2017 3,804,763 0.09 USD 20,790,000 Ameristar Casinos 7.5% 15/04/2021 22,534,905 0.53 USD 3,830,000 Ashland 144A 4.75% 15/08/2022 3,983,200 0.09

USD 4,950,000 Aviv Healthcare Properties/Aviv Healthcare Capital 7.75% 15/02/2019 5,271,750 0.13

USD 25,525,000 Biomet 144A 6.5% 01/08/2020 27,216,031 0.65 USD 18,825,000 Biomet 144A 6.5% 01/10/2020 18,818,882 0.45 EUR 5,850,000 Boardriders RegS 8.875% 15/12/2017 8,155,103 0.19 USD 16,645,000 BOE Merger 144A 9.5% 01/11/2017 16,728,225 0.40 USD 4,795,000 Boyd Acquisition 144A 8.375% 15/02/2018 5,010,775 0.12 USD 3,335,000 Boyd Gaming 144A 9% 01/07/2020 3,301,650 0.08 USD 6,030,000 Boyd Gaming 9.125% 01/12/2018 6,193,956 0.15

USD 10,965,000 Burlington Coat Factory Warehouse 10% 15/02/2019 11,893,900 0.28

USD 21,255,000 Capella Healthcare 9.25% 01/07/2017 22,902,263 0.54 USD 5,845,000 Case New Holland 7.875% 01/12/2017 6,963,265 0.17 USD 9,515,000 CCO/CCO Capital 5.125% 15/02/2023 9,562,575 0.23 USD 42,545,000 CCO/CCO Capital 5.25% 30/09/2022 43,395,900 1.03 USD 12,450,000 CDW/CDW Finance 8% 15/12/2018 13,835,063 0.33 USD 520,000 CDW/CDW Finance 8.5% 01/04/2019 565,500 0.01

USD 9,750,000 Cequel Communications I/Cequel Capital 144A 6.375% 15/09/2020 10,164,375 0.24

USD 22,180,000 Chaparral Energy 9.875% 01/10/2020 25,340,650 0.60

USD 21,740,000 Chesapeake Oilfield Operating/Chesapeake Oilfield Finance 144A 6.625% 15/11/2019 20,598,650 0.49

USD 7,255,000 Chrysler/CG Co-Issuer 8% 15/06/2019 7,963,269 0.19 USD 650,000 Chrysler/CG Co-Issuer 8.25% 15/06/2021 720,558 0.02

USD 9,420,000 CHS/Community Health Systems 5.125% 15/08/2018 9,867,450 0.23

USD 7,230,000 CHS/Community Health Systems 8% 15/11/2019 7,892,883 0.19

USD 23,390,000 CIT 144A 5.5% 15/02/2019 25,670,525 0.61

USD 23,520,000 Crosstex Energy/Crosstex Energy Finance 8.875% 15/02/2018 25,519,200 0.61

USD 18,420,000 CyrusOne/CyrusOne Finance 144A 6.375% 15/11/2022 19,294,950 0.46

USD 28,130,000 DISH DBS 144A 5% 15/03/2023 28,340,975 0.67 USD 18,575,000 DISH DBS 4.625% 15/07/2017 19,457,313 0.46 USD 255,000 DISH DBS 5.875% 15/07/2022 276,356 0.01 USD 23,595,000 DISH DBS 6.75% 01/06/2021 27,015,449 0.64 USD 15,600,000 DuPont Fabros Technology 8.5% 15/12/2017 17,160,000 0.41 USD 32,140,000 Edgen Murray 144A 8.75% 01/11/2020 32,622,100 0.77 USD 5,855,000 Endo Health Solutions 7% 15/07/2019 6,272,169 0.15 USD 18,360,000 Endo Health Solutions 7% 15/12/2020 19,668,150 0.47

USD 1,545,000 Fidelity National Information Services 5% 15/03/2022 1,664,738 0.04

USD 520,000 First Data 12.625% 15/01/2021 547,815 0.01 USD 10,980,000 First Data 144A 6.75% 01/11/2020 11,144,700 0.26 USD 19,240,000 First Data 144A 7.375% 15/06/2019 20,009,600 0.47 USD 9,575,000 First Data 144A 8.25% 15/01/2021 9,622,875 0.23 USD 11,880,000 First Data 9.875% 24/09/2015 12,140,885 0.29 USD 5,145,000 Ford Motor Credit 4.25% 03/02/2017 5,514,823 0.13 USD 5,670,000 Freescale Semiconductor 10.75% 01/08/2020 6,109,425 0.14 USD 9,000,000 Fresenius Medical Care US Finance II 144A 9,787,500 0.23

5.875% 31/01/2022 USD 4,745,000 FTI Consulting 144A 6% 15/11/2022 4,934,800 0.12 USD 17,250,000 GenOn Energy 9.5% 15/10/2018 20,484,375 0.49 USD 17,770,000 Gray Television 144A 7.5% 01/10/2020 18,258,675 0.43 USD 4,590,000 Gulfmark Offshore 144A 6.375% 15/03/2022 4,756,388 0.11 USD 12,480,000 GXS Worldwide 9.75% 15/06/2015 13,057,200 0.31

USD 12,855,000 H&E Equipment Services 144A 7% 01/09/2022 13,770,919 0.33

USD 15,775,000 Halcon Resources 144A 8.875% 15/05/2021 16,839,813 0.40 USD 9,630,000 Halcon Resources 144A 9.75% 15/07/2020 10,448,550 0.25 USD 31,880,000 HCA 7.75% 15/05/2021 34,725,290 0.82 USD 6,575,000 HD Supply 144A 11.5% 15/07/2020 7,413,313 0.18 USD 10,205,000 HDTFS 144A 5.875% 15/10/2020 10,715,250 0.25 USD 13,950,000 HDTFS 144A 6.25% 15/10/2022 14,926,500 0.35 USD 4,735,000 Hiland Partners 144A 7.25% 01/10/2020 5,090,125 0.12

USD 1,300,000 Hornbeck Offshore Services 5.875% 01/04/2020 1,365,000 0.03

USD 3,340,000 Host Hotels & Resorts 4.75% 01/03/2023 3,557,100 0.08 USD 5,440,000 Host Hotels & Resorts 6% 01/10/2021 6,269,600 0.15

USD 9,220,000 Huntsman International 144A 4.875% 15/11/2020 9,369,825 0.22

USD 4,690,000 IAC/InterActive 144A 4.75% 15/12/2022 4,701,725 0.11

USD 12,530,000 Icahn Enterprises/Icahn Enterprises Finance 8% 15/01/2018 13,438,174 0.32

USD 4,565,000 Ineos Finance 144A 7.5% 01/05/2020 4,793,250 0.11 USD 4,000,000 Ineos Finance 144A 8.375% 15/02/2019 4,305,000 0.10 USD 9,310,000 Inergy Midstream 144A 6% 15/12/2020 9,635,850 0.23 USD 17,580,000 Infor US 9.375% 01/04/2019 19,821,450 0.47



USD 11,330,000 Iron Mountain 5.75% 15/08/2024 11,528,275 0.27 EUR 320,000 Iron Mountain EMTN 6.75% 15/10/2018 432,349 0.01

USD 15,395,000 Jaguar II/Jaguar Merger Sub 144A 9.5% 01/12/2019 17,550,300 0.42

USD 14,035,000 Lamar Media 144A 5% 01/05/2023 14,508,681 0.34 USD 495,000 Lamar Media 5.875% 01/02/2022 540,169 0.01 USD 16,735,000 Landry's 144A 9.375% 01/05/2020 17,739,100 0.42 USD 24,175,000 Lennar 144A 4.75% 15/11/2022 23,842,594 0.57

USD 12,420,000 Level 3 Communications 144A 8.875% 01/06/2019 13,304,925 0.32

USD 19,130,000 Level 3 Financing 144A 7% 01/06/2020 20,110,413 0.48 USD 5,660,000 Levi Strauss & Co. 7.625% 15/05/2020 6,191,814 0.15

USD 11,035,000 Linn Energy/Linn Energy Finance 7.75% 01/02/2021 11,807,450 0.28

USD 14,530,000 Meritage Homes 7% 01/04/2022 15,910,350 0.38 USD 680,000 Michael Foods 144A variable 15/07/2018 697,000 0.02 USD 1,985,000 Michaels Stores 144A 7.75% 01/11/2018 2,188,463 0.05

USD 19,705,000 Midstates Petroleum 144A 10.75% 01/10/2020 21,035,088 0.50

USD 23,385,000 Nara Cable Funding 144A 8.875% 01/12/2018 23,638,376 0.56

USD 7,625,000 NBTY 9% 01/10/2018 8,682,969 0.21

USD 3,690,000 New Academy Finance 144A variable 15/06/2018 3,754,575 0.09

USD 22,005,000 Niska Gas Storage US/Niska Gas Storage Canada 8.875% 15/03/2018 22,633,133 0.54

USD 7,380,000 Nortek 144A 8.5% 15/04/2021 8,136,450 0.19 USD 14,360,000 NRG Energy 144A 6.625% 15/03/2023 15,437,000 0.37 USD 12,515,000 NRG Energy 7.625% 15/01/2018 13,856,733 0.33 USD 3,535,000 NRG Energy 8.25% 01/09/2020 3,970,247 0.09 USD 17,500,000 Offshore Investment 11.5% 01/08/2015 19,056,083 0.45 USD 18,440,000 Offshore Investment 144A 7.5% 01/11/2019 18,716,600 0.44

USD 12,515,000 Oil States International 144A 5.125% 15/01/2023 12,718,369 0.30

USD 7,125,000 PAETEC 8.875% 30/06/2017 7,677,188 0.18 USD 11,990,000 PAETEC 9.875% 01/12/2018 13,788,500 0.33 USD 11,020,000 Penske Automotive 144A 5.75% 01/10/2022 11,405,700 0.27 USD 6,735,000 Polymer 7.75% 01/02/2019 7,256,963 0.17 USD 4,560,000 PVH 4.5% 15/12/2022 4,628,400 0.11 USD 14,000,000 Reynolds Issuer 144A 5.75% 15/10/2020 14,525,000 0.34 USD 7,330,000 Reynolds Issuer 7.125% 15/04/2019 7,925,563 0.19 USD 8,945,000 Reynolds Issuer 7.875% 15/08/2019 10,018,400 0.24 USD 9,170,000 Reynolds Issuer 9% 15/04/2019 9,562,247 0.23 USD 14,180,000 Rite Aid 9.25% 15/03/2020 15,101,700 0.36

USD 13,905,000 Sabra Health Care/Sabra Capital 8.125% 01/11/2018 14,895,731 0.35

USD 10,905,000 SandRidge Energy 7.5% 15/03/2021 11,722,875 0.28 USD 1,000,000 SandRidge Energy 7.5% 15/02/2023 1,075,000 0.03

USD 12,590,000 SandRidge Energy 8.125% 15/10/2022 13,943,425 0.33 USD 15,995,000 Sappi Papier 144A 6.625% 15/04/2021 15,835,050 0.38 USD 275,000 Sequa 144A 7% 15/12/2017 278,094 0.01

USD 8,965,000 Severstal Columbus 144A 10.25% 15/02/2018 9,480,488 0.22

USD 1,325,000 Sirius XM Radio 144A 5.25% 15/08/2022 1,344,875 0.03 USD 1,550,000 Sonic Automotive 144A 7% 15/07/2022 1,697,250 0.04 USD 460,000 Spectrum Brands 144A 6.375% 15/11/2020 486,450 0.01 USD 13,870,000 Spectrum Brands 9.5% 15/06/2018 15,794,671 0.37 USD 14,220,000 Sprint Nextel 9.125%01/03/2017 16,815,150 0.40 USD 4,785,000 Starz/Starz Finance 144A 5% 15/09/2019 4,928,550 0.12 USD 10,020,000 Steel Dynamics 144A 6.375% 15/08/2022 10,671,300 0.25

USD 7,871,000 Suburban Propane Partners/Suburban Energy Finance 7.375% 01/08/2021 8,599,068 0.20

USD 9,465,000 Targa Resources Partners/Targa Resources Partners Finance 6.875% 01/02/2021 10,411,500 0.25

USD 11,500,000 Targa Resources Partners/Targa Resources Partners Finance 7.875% 15/10/2018 12,650,000 0.30

USD 16,200,000 Taylor Morrison Communities/Monarch Communities 144A 7.75% 15/04/2020 17,253,000 0.41

USD 10,235,000 Tenet Healthcare 144A 4.75% 01/06/2020 10,414,113 0.25 USD 4,745,000 Tenet Healthcare 144A 6.75% 01/02/2020 4,905,144 0.12 USD 2,880,000 Tesoro Logistics 144A 5.875% 01/10/2020 3,002,400 0.07





USD 3,595,000 United Rentals North America 144A 5.75% 15/07/2018 3,891,588 0.09

USD 24,955,000 United Rentals North America 144A 7.375% 15/05/2020 27,512,888 0.65

USD 50,000,000 US Treasury 3.625% 15/05/2013 50,648,438 1.20 USD 50,000,000 US Treasury Bill 0% 07/02/2013 49,996,408 1.19 USD 50,000,000 US Treasury Bill 0% 21/02/2013 49,990,467 1.19 USD 31,700,000 US Treasury Bill 0% 02/05/2013 31,684,992 0.75 USD 10,000,000 US Treasury Bill 0% 22/08/2013 9,988,853 0.24 USD 23,050,000 Viking Cruises 144A 8.5% 15/10/2022 24,951,625 0.59 USD 9,035,000 Virgin Media Finance 4.875% 15/02/2022 9,306,050 0.22

USD 960,000 WaveDivision Escrow 144A 8.125% 01/09/2020 998,400 0.02

USD 17,355,000 West 7.875% 15/01/2019 18,049,200 0.43

USD 1,310,000 Wolverine World Wide 144A 6.125% 15/10/2020 1,382,050 0.03

USD 15,000,000 XM Satellite Radio 144A 7.625% 01/11/2018 16,762,500 0.40 Venezuela 10,415,306 0.25 USD 10,930,000 Petroleos de Venezuela 4.9% 28/10/2014 10,415,306 0.25 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 2,290,918,382 54.34 주식수 또는 원금


시가 USD

% 순자산

United Kingdom 10,786,557 0.26 GBP 6,550,000 Virgin Media Finance 5.125% 15/02/2022 10,786,557 0.26 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 10,786,557 0.26 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 136,483,270 3.24 1,000,000 Schroder ISF Euro High Yield Class I 136,483,270 3.24 총 개방형 간접투자기구 136,483,270 3.24 총 투자자산 4,026,392,233 95.51 기타 순자산 189,286,847 4.49 순자산가치 4,215,679,080 100.00

슈로더 RMB 채권 펀드 (RMB Fixed Income) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 RMB

% 순자산

Australia 995,223 0.34

RMB 1,000,000 Australia & New Zealand Banking EMTN 2.9% 14/08/2015 995,223 0.34

China 93,824,953 31.85

RMB 1,500,000 Agricultural Development Bank of China 2.98% 22/06/2014 1,501,784 0.51

RMB 5,000,000 Agricultural Development Bank of China 3% 17/01/2014 4,997,875 1.70




RMB 6,000,000 CCBL Funding 3.2% 29/11/2015 5,996,808 2.04 RMB 3,000,000 China Development Bank 2.95% 02/08/2015 2,987,223 1.01 RMB 1,000,000 China Development Bank 4.2% 19/01/2027 1,020,837 0.35 RMB 6,000,000 China Development Bank 4.3% 02/08/2032 6,178,074 2.10 RMB 5,000,000 China Government RegS 1.85% 29/06/2015 4,918,985 1.67 RMB 8,000,000 China Government RegS 2.56% 29/06/2017 7,985,464 2.71 RMB 5,000,000 China Government RegS 2.65% 29/06/2019 4,955,400 1.68 RMB 10,000,000 China Government RegS 3.1% 29/06/2022 10,070,360 3.42 RMB 7,000,000 China Government RegS 3.48% 29/06/2027 7,140,406 2.42

RMB 10,000,000 China Guangdong Nuclear Power RegS 3.75% 01/11/2015 10,061,450 3.41

RMB 1,500,000 CNPC Golden Autumn RegS 2.55% 26/10/2013 1,494,372 0.51 RMB 5,000,000 CNPC Golden Autumn RegS 2.95% 26/10/2014 4,983,040 1.69 RMB 3,000,000 Export-Import Bank of China 2.7% 07/04/2014 2,990,097 1.01

RMB 1,500,000 Industrial & Commercial Bank of China 3% 14/08/2015 1,497,999 0.51

RMB 2,000,000 Shanghai Baosteel 3.125% 01/12/2013 2,000,684 0.68 RMB 3,000,000 Shanghai Baosteel RegS 3.5% 01/12/2014 3,011,004 1.02 RMB 1,000,000 Shanghai Baosteel RegS 4.15% 01/03/2017 1,024,283 0.35 France 9,071,555 3.08 RMB 3,000,000 Air Liquide Finance 3% 19/09/2016 2,998,467 1.02 RMB 2,000,000 Air Liquide Finance 3.95% 19/09/2018 2,022,788 0.69 RMB 4,000,000 Alstom EMTN 4.25% 09/03/2015 4,050,300 1.37 Germany 18,921,693 6.43

RMB 3,000,000 BSH Bosch und Siemens Hausgeraete RegS 2.375% 29/09/2014 2,966,835 1.01

RMB 5,000,000 BSH Bosch und Siemens Hausgeraete RegS 3.80% 24/07/2017 5,032,400 1.71

RMB 2,000,000 Lanxess Finance 3.95% 16/02/2015 2,023,590 0.69

RMB 7,000,000 Volkswagen International Finance EMTN 2.15% 23/05/2016 6,838,020 2.32

RMB 2,000,000 Volkswagen International Finance EMTN 3.75% 30/11/2017 2,060,848 0.70

India 5,626,726 1.91 RMB 5,500,000 ICICI Bank/Singapore 4.9% 21/09/2015 5,626,726 1.91 Japan 12,939,690 4.39 RMB 3,000,000 Mitsui & Co. EMTN 4.25% 01/03/2017 3,047,980 1.03 RMB 5,000,000 ORIX EMTN 4% 29/11/2014 5,046,800 1.72 RMB 5,000,000 Sumitomo Mitsui Banking 1.1% 22/04/2014 4,844,910 1.64 Malaysia 9,025,785 3.06 RMB 9,000,000 Axiata SPV2 EMTN 3.75% 18/09/2014 9,025,785 3.06 Netherlands 1,306,188 0.44 RMB 1,300,000 ABN Amro Bank EMTN 3.5% 05/09/2014 1,306,188 0.44 Russia 4,991,820 1.69 RMB 5,000,000 VTB Bank Via VTB Capital RegS 2.95% 23/12/2013 4,991,820 1.69 Singapore 5,922,258 2.01 RMB 6,000,000 Global Logistic Properties RegS 3.375% 11/05/2016 5,922,258 2.01 South Korea 16,048,348 5.45

RMB 5,000,000 Export-Import Bank of Korea EMTN 3.25% 27/07/2015 5,025,755 1.71

RMB 4,000,000 Hyundai Capital Services EMTN 3.25% 04/03/2014 3,994,180 1.36

RMB 7,000,000 Shinhan Bank RegS 3.5% 19/09/2014 7,028,413 2.38

Sweden 11,522,413 3.91 RMB 11,500,000 Volvo Treasury EMTN 3.8% 22/11/2015 11,522,413 3.91 Taiwan 2,009,380 0.68 RMB 2,000,000 Chailease Finance BVI 5% 05/04/2015 2,009,380 0.68 United Kingdom 10,299,214 3.50 RMB 6,000,000 BP Capital Markets EMTN 1.7% 15/09/2014 5,895,186 2.00 RMB 4,500,000 Tesco 1.75% 01/09/2014 4,404,028 1.50 United States of America 3,955,927 1.34

RMB 1,000,000 Caterpillar Financial Services EMTN 2.9% 16/03/2014 999,850 0.34

RMB 3,000,000 Yum! Brands RegS 2.375% 29/09/2014 2,956,077 1.00 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 206,461,173 70.08 주식수 또는 원금


시가 RMB

% 순자산

Chile 6,051,771 2.05 RMB 6,000,000 Banco Santander Chile EMTN 3.75% 26/11/2014 6,051,771 2.05 China 28,348,210 9.62

RMB 4,500,000 China CITIC Bank International EMTN 3.7% 01/11/2014 4,522,918 1.53

RMB 1,500,000 China Construction Bank 3.2% 05/12/2013 1,497,975 0.51 RMB 2,500,000 China Development Bank 2.7% 11/11/2013 2,497,477 0.85 RMB 5,000,000 China Resources Power 2.9% 12/11/2013 4,981,895 1.69 RMB 5,000,000 China Resources Power 3.75% 12/11/2015 5,027,245 1.71 RMB 10,000,000 Sinochem Offshore Capital 1.8% 18/01/2014 9,820,700 3.33 Hong Kong SAR 13,736,509 4.67 RMB 5,000,000 HKCG Finance EMTN 1.4% 11/04/2016 4,705,350 1.60 RMB 3,000,000 Standard Chartered 2.85% 14/06/2013 2,998,963 1.02 RMB 6,000,000 Wharf Finance EMTN 4% 27/03/2018 6,032,196 2.05 Mexico 4,029,644 1.37 RMB 4,000,000 America Movil SAB de 3.5% 08/02/2015 4,029,644 1.37 South Korea 2,514,560 0.85 RMB 2,500,000 Lotte Shopping 4% 09/02/2015 2,514,560 0.85 United States of America 5,056,465 1.72

RMB 5,000,000 Caterpillar Financial Services RegS 3.35% 26/11/2014 5,056,465 1.72



시가 RMB

% 순자산

China 3,929,242 1.33

RMB 3,000,000 Bank of Communications/Hong Kong 1.35% 01/04/2014 2,930,607 0.99

RMB 1,000,000 Industrial & Commercial Bank of China Macau 3.3% 18/11/2013 998,635 0.34

Japan 5,022,795 1.70 RMB 5,000,000 Hitachi Capital EMTN 3.75% 22/03/2015 5,022,795 1.70 기타 규제시장에서 거래되지 않는 총 기타 양도성증권 8,952,037 3.03 주식수 또는 원금 예금

시가 RMB

% 순자산

Singapore 998,142 0.34 RMB 1,000,000 United Overseas Bank/Hong Kong 2.9% 06/12/2013 998,142 0.34 총 예금 998,142 0.34 총 투자자산 276,148,511 93.73 기타 순자산 18,466,137 6.27 순자산가치 294,614,648 100.00

슈로더 스트래티직 채권 펀드 (Strategic Bond) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

Australia 19,246,705 1.64 GBP 11,538,000 National Australia Bank FRN 27/01/2015 19,246,705 1.64 Belgium 1,911,533 0.16 EUR 1,275,000 Barry Callebaut Services 5.375% 15/06/2021 1,911,533 0.16 Finland 8,193,992 0.70 GBP 5,000,000 Municipality Finance EMTN 1.5% 15/12/2014 8,193,992 0.70 France 134,733,454 11.48 EUR 3,700,000 AUTO ABS 2012-1 A FRN 25/07/2026 4,915,081 0.42

EUR 4,000,000 Banque Federative du Credit Mutuel EMTN FRN 27/02/2014 5,280,234 0.45

EUR 1,700,000 BNP Paribas Capital Trust VI variable perpetual 2,259,341 0.19 EUR 3,100,000 BNP Paribas EMTN FRN 20/12/2013 4,097,076 0.35 EUR 11,850,000 BNP Paribas EMTN FRN 03/12/2014 15,672,364 1.34 GBP 12,700,000 BPCE EMTN FRN 07/04/2013 20,609,589 1.76


EUR 17,000,000 Caisse d'Amortissement de la Dette Sociale EMTN FRN 02/02/2014 22,561,059 1.92

GBP 1,800,000 Caisse d'Amortissement de la Dette Sociale EMTN FRN 30/06/2014 2,919,353 0.25

EUR 1,450,000 Carrefour EMTN 6.625% 02/12/2013 2,019,195 0.17

GBP 6,900,000 Crédit Agricole/London EMTN FRN 30/09/2014 10,975,863 0.94

EUR 800,000 Crédit Agricole/London FRN 14/01/2015 1,056,343 0.09 EUR 1,200,000 RCI Banque EMTN 4% 11/07/2013 1,609,773 0.14 EUR 2,800,000 SCOR variable perpetual 3,807,343 0.32 EUR 3,100,000 Société Générale EMTN FRN 14/01/2013 4,096,912 0.35 EUR 6,700,000 Société Générale EMTN FRN 01/09/2013 8,895,961 0.76 AUD 10,000,000 Société Générale FRN 20/10/2014 10,371,620 0.88 USD 7,900,000 Société Générale variable perpetual 7,894,668 0.67 Germany 92,339,805 7.87

USD 4,000,000 Bayerische Landesbank EMTN 0.625% 23/10/2014 3,993,800 0.34

EUR 700,000 BMW Finance EMTN 4% 17/09/2014 978,117 0.08 EUR 650,000 BMW Finance EMTN 8.875% 19/09/2013 910,348 0.08 EUR 1,700,000 Commerzbank EMTN 7.75% 16/03/2021 2,419,695 0.21


EUR 3,000,000 Erste Abwicklungsanstalt FRN 05/10/2015 3,979,908 0.34 GBP 4,700,000 FMS Wertmanagement EMTN 1.375% 08/12/2014 7,699,498 0.66 GBP 1,000,000 FMS Wertmanagement EMTN FRN 25/03/2013 1,618,810 0.14 EUR 5,000,000 FMS Wertmanagement EMTN FRN 20/01/2014 6,615,554 0.56 EUR 6,000,000 FMS Wertmanagement EMTN FRN 02/02/2015 7,957,018 0.68 EUR 5,000,000 KFW MTN FRN 04/03/2013 6,608,220 0.56

EUR 13,570,000 Landwirtschaftliche Rentenbank EMTN FRN 03/07/2015 18,000,875 1.53

EUR 150,000 RWE Finance EMTN 5.75% 20/11/2013 207,303 0.02 GBP 1,143,000 RWE Finance EMTN 6.375% 03/06/2013 1,889,736 0.16 GBP 700,000 RWE variable perpetual 1,238,864 0.11 EUR 1,300,000 Unitymedia Hessen RegS 5.75% 15/01/2023 1,793,822 0.15

GBP 1,500,000 Volkswagen Financial Services EMTN 2% 23/10/2015 2,471,313 0.21

EUR 3,500,000 Volkswagen International Finance EMTN FRN 17/02/2014 4,628,529 0.40

USD 2,143,000 Volkswagen International Finance RegS FRN 22/09/2013 2,146,851 0.18

Hong Kong SAR 2,213,013 0.19

USD 2,200,000 Hutchison Whampoa International 03/13 RegS 6.5% 13/02/2013 2,213,013 0.19

Ireland 14,069,869 1.20 EUR 1,722,480 DECO Series 2007-E6X A2 FRN 27/04/2018 2,090,352 0.18 GBP 1,700,000 DECO Series 2012-MHLX A FRN 28/07/2021 2,783,349 0.24 GBP 1,823,913 Epic A FRN 30/09/2031 2,658,362 0.22 EUR 2,600,000 ESB Finance 4.375% 21/11/2019 3,639,000 0.31 GBP 990,000 ESB Finance EMTN 6.5% 05/03/2020 1,759,288 0.15

GBP 733,847 Titan Europe/Ireland 2005-CT1X C FRN 28/07/2014 1,139,518 0.10

Italy 18,667,939 1.59

EUR 1,100,000 Assicurazioni Generali EMTN variable 12/12/2042 1,547,973 0.13

EUR 1,400,000 Edison EMTN 3.875% 10/11/2017 2,016,948 0.17 EUR 9,100,000 Italy (Republic of) 3.75% 15/12/2013 12,283,116 1.05 EUR 700,000 Lottomatica 5.375% 02/02/2018 1,033,028 0.09 EUR 1,300,000 Rottapharm RegS 6.125% 15/11/2019 1,786,874 0.15

Luxembourg 707,699 0.06 EUR 525,000 ArcelorMittal 8.25% 03/06/2013 707,699 0.06 Netherlands 106,174,412 9.05 EUR 3,350,000 ABN Amro Bank EMTN 7.125% 06/07/2022 5,224,062 0.45 EUR 6,300,000 ABN Amro Bank EMTN FRN 01/08/2014 8,385,171 0.71

GBP 491,000 Bank Nederlandse Gemeenten EMTN 4.75% 22/04/2013 805,169 0.07

GBP 2,155,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN 5.25% 14/09/2027 3,705,167 0.32

EUR 20,000,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN FRN 13/01/2014 26,584,441 2.27

GBP 2,900,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN FRN 16/01/2013 4,697,626 0.40

EUR 1,400,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank EMTN FRN 13/03/2013 1,850,968 0.16

EUR 1,050,000 Cooperatieve Centrale Raiffeisen-Boerenleenbank GMTN FRN 16/05/2013 1,388,968 0.12

EUR 3,047,727 E-MAC NL DE09-1 A1 FRN 25/11/2053 3,841,879 0.33 EUR 2,294,082 Holland Homes MBS III A FRN 20/03/2083 2,961,870 0.25 EUR 1,500,000 ING Bank EMTN 2.125% 10/07/2015 2,040,802 0.17 EUR 9,000,000 ING Bank EMTN FRN 28/03/2013 11,906,273 1.01 EUR 4,500,000 ING Bank EMTN FRN 31/07/2013 5,957,477 0.51 EUR 3,350,000 Koninklijke KPN EMTN 4.25% 01/03/2022 4,719,618 0.40

GBP 6,000,000 Nederlandse Waterschapsbank EMTN FRN 24/04/2014 9,747,745 0.83

GBP 2,500,000 Nederlandse Waterschapsbank EMTN FRN 25/01/2016 4,090,630 0.35

GBP 1,400,000 PostNL 7.5% 14/08/2018 2,751,056 0.23 EUR 2,500,000 Quality Parking 2007-1 A FRN 05/10/2016 3,168,489 0.27

EUR 250,000 Shell International Finance EMTN 3% 14/05/2013 318,918 0.03

EUR 1,500,000 Storm 2011-4 A2 FRN 22/10/2053 2,028,083 0.17 Norway 2,307,012 0.20 USD 2,400,000 Eksportfinans 2% 15/09/2015 2,307,012 0.20 Portugal 3,268,083 0.28 EUR 2,400,000 Caixa Geral de Depositos 5.625% 04/12/2015 3,268,083 0.28 Spain 42,762,029 3.64

EUR 3,500,000 BBVA Senior Finance GMTN 3.25% 23/04/2015 4,625,553 0.39

EUR 6,700,000 BBVA Senior Finance EMTN 3.625% 03/10/2014 8,953,471 0.76


EUR 3,100,000 Mapfre 5.125% 16/11/2015 4,304,795 0.37

EUR 3,620,000 Nara Cable Funding RegS 8.875% 01/12/2018 4,844,454 0.41




GBP 16,000,000 European Investment Bank EMTN FRN 14/06/2013 25,919,103 2.21

GBP 9,500,000 European Investment Bank EMTN FRN 30/01/2014 15,392,760 1.31

Sweden 45,276,242 3.86 EUR 6,346,000 Nordea Bank EMTN FRN 10/01/2014 8,466,479 0.72 EUR 550,000 Nordea Bank EMTN variable 15/02/2022 787,119 0.07 EUR 7,000,000 SBAB Bank EMTN FRN 16/01/2014 9,333,922 0.80

EUR 2,500,000 Svenska Handelsbanken EMTN FRN 14/01/2013 3,303,928 0.28

GBP 11,250,000 Svenska Handelsbanken EMTN FRN 20/01/2014 18,363,470 1.56

GBP 3,100,000 Swedbank EMTN FRN 06/11/2015 5,021,324 0.43 Switzerland 41,621,279 3.55

EUR 6,885,000 Credit Suisse/London EMTN 6.125% 05/08/2013 9,402,796 0.80

EUR 9,250,000 UBS/London EMTN FRN 16/05/2014 12,280,270 1.05


USD 15,000,000 UBS/London RegS 1.875% 23/01/2015 15,368,250 1.31 USD 1,400,000 UBS/Jersey EMTN variable 22/02/2022 1,482,103 0.13 United Kingdom 272,423,787 23.22

GBP 7,700,000 Abbey National Treasury Services/London EMTN FRN 16/02/2015 12,749,711 1.09

GBP 1,000,000 ABP Finance EMTN 6.25% 14/12/2026 1,808,012 0.15

EUR 341,093 Aire Valley Mortages 2006-1X 2A1 FRN 20/09/2066 422,538 0.04

EUR 183,843 Aire Valley Mortgages 2007-1X 2A2 FRN 20/09/2066 228,104 0.02

GBP 532,577 Aire Valley Mortgages 2007-1X 2A3 FRN 20/09/2066 807,886 0.07

GBP 2,166,023 Alba 2005-1 A3 FRN 25/11/2042 3,143,969 0.27

EUR 100,000 Anglo American Capital EMTN 4.25% 30/09/2013 135,704 0.01

GBP 993,070 Auburn Securities 4 A2 FRN 01/10/2041 1,503,654 0.13 GBP 325,679 Auburn Securities 5 A2 FRN 01/12/2041 478,371 0.04 GBP 1,650,000 Barclays Bank EMTN 10% 21/05/2021 3,601,226 0.31 EUR 5,300,000 Barclays Bank EMTN FRN 17/01/2014 7,107,065 0.61 GBP 15,000,000 Barclays Bank EMTN FRN 20/01/2015 24,935,967 2.13 EUR 400,000 BG Energy Capital EMTN 3.375% 15/07/2013 526,297 0.04

GBP 403,204 Business Mortgage Finance 1 M FRN 20/07/2036 646,439 0.05

EUR 100,000 Centrica EMTN 7.125% 09/12/2013 140,181 0.01 GBP 5,600,000 Clydesdale Bank EMTN FRN 08/06/2015 9,328,200 0.79

GBP 9,820,000 Coventry Building Society EMTN FRN 10/02/2015 16,276,163 1.39

EUR 550,000 ELM for Elsevier Finance 6.5% 02/04/2013 737,064 0.06 GBP 2,650,000 Enterprise Inns EMTN 6.875% 15/02/2021 3,851,659 0.33 EUR 3,759,027 Eurosail 2006-3X A3A FRN 10/09/2044 4,704,128 0.40 GBP 3,244,909 Eurosail 2007-1X A3C FRN 13/03/2045 4,811,117 0.41 GBP 558,870 Farringdon Mortages 2 A2A FRN 15/07/2047 890,517 0.08 GBP 148,189 First Flexible 4 A FRN 01/07/2036 232,326 0.02 GBP 1,480,000 Friends Life Group 8.25% 21/04/2022 2,637,257 0.22 USD 1,840,000 Friends Life Group variable perpetual 1,961,127 0.17 GBP 2,400,000 Heathrow Funding EMTN 3% 08/06/2015 4,022,271 0.34 GBP 400,000 Heathrow Funding EMTN 6% 20/03/2020 728,066 0.06 GBP 3,200,000 HSBC Bank EMTN FRN 16/06/2014 5,208,929 0.44


EUR 800,000 Imperial Tobacco Finance EMTN 7.25% 15/09/2014 1,168,933 0.10

GBP 1,900,000 InterContinental Hotels EMTN 3.875% 28/11/2022 3,125,312 0.27

GBP 1,900,000 Investec Bank EMTN 9.625% 17/02/2022 3,360,158 0.29 USD 1 Leek Finance 18X A2B FRN 21/09/2038 1 - GBP 1,250,000 Lloyds TSB Bank EMTN variable 16/12/2021 2,406,073 0.20 EUR 1,000,000 Lloyds TSB Bank variable perpetual 1,084,645 0.09

GBP 1,674,495 Mansard Mortgages 2006-1X A2 FRN 15/10/2048 2,637,183 0.22

GBP 2,050,430 Marble Arch Residential Securitisation No.4 4X A3C FRN 20/03/2040 3,065,835 0.26

GBP 2,600,000 Marks & Spencer EMTN 4.75% 12/06/2025 4,281,097 0.36 GBP 1,700,000 National Grid EMTN 6.125% 15/04/2014 2,916,431 0.25 EUR 900,000 National Grid Gas EMTN 5.125% 14/05/2013 1,208,714 0.10

GBP 14,000,000 Nationwide Building Society EMTN FRN 23/01/2015 23,314,720 1.99

GBP 700,000 Old Mutual EMTN 8% 03/06/2021 1,236,559 0.11 GBP 1,500,000 Old Mutual EMTN variable perpetual 2,180,755 0.19 GBP 1,941,926 Paragon Mortgages 16 A FRN 15/04/2039 3,245,579 0.28 GBP 1,765,002 Paragon Secured Finance 1 A FRN 15/11/2035 2,788,703 0.24


GBP 636,004 Preferred Residential Securities 8X A1A2 FRN 15/12/2042 965,255 0.08

GBP 349,700 Real Estate Capital 3 A FRN 15/07/2016 555,675 0.05 GBP 2,093,289 Real Estate Capital FRN 25/07/2016 3,361,162 0.29

GBP 881,952 Residential Mortgage Securities 20X A2A FRN 10/08/2038 1,398,460 0.12

GBP 1,890,292 Residential Mortgage Securities 25 A1 FRN 16/12/2050 3,130,968 0.27

GBP 1,880,188 Residential Mortgage Securities FRN 14/11/2039 2,943,391 0.25

EUR 4,350,000 Rexam EMTN 4.375% 15/03/2013 5,782,173 0.49 GBP 1,860,818 RMAC 2004-NSP4 A2 FRN 12/12/2036 2,808,973 0.24 GBP 664,743 RMAC 2005-NS2X A2A FRN 12/09/2037 1,011,410 0.09 USD 806,555 RMAC 2005-NS2X A2B FRN 12/09/2037 757,600 0.06

GBP 663,443 RMAC Securities 2006-NS1X A2A FRN 12/06/2044 970,987 0.08

EUR 519,996 RMAC Securities 2006-NS1X A2C FRN 12/06/2044 620,273 0.05

USD 2,000,000 Royal Bank of Scotland EMTN FRN 29/08/2017 1,750,000 0.15

EUR 13,200,000 Royal Bank of Scotland EMTN 5.25% 15/05/2013 17,738,814 1.51

GBP 1,000,000 RSA Insurance variable 20/05/2039 2,077,265 0.18 EUR 2,800,000 SSE variable perpetual 3,932,017 0.34

EUR 5,200,000 Thames Water Utilities Cayman Finance EMTN 6.125% 04/02/2013 6,905,221 0.59

GBP 9,000,000 UK Treasury 4.25% 07/12/2040 17,774,011 1.51

GBP 1,200,000 Virgin Media Secured Finance 5.5% 15/01/2021 2,186,225 0.19

EUR 2,500,000 Viridian RegS11.125% 01/04/2017 3,426,385 0.29 GBP 825,000 William Hill EMTN 7.125% 11/11/2016 1,490,527 0.13 GBP 5,100,000 Yorkshire Building Society FRN 23/03/2016 8,476,618 0.72 United States of America 73,716,097 6.28

USD 1,000,000 Alameda Corridor Transportation Authority 6.5% 01/10/2019 1,092,690 0.09

USD 1,605,000 Altria Group 9.25% 06/08/2019 2,234,208 0.19 EUR 3,500,000 American International EMTN FRN 19/07/2013 4,615,903 0.39 EUR 400,000 AT&T 4.375% EMTN 15/03/2013 532,897 0.05 EUR 2,780,000 Citigroup EMTN 6.4% 27/03/2013 3,722,788 0.32 EUR 4,375,000 Citigroup EMTN 7.375% 04/09/2019 7,602,533 0.65 EUR 3,000,000 Citigroup EMTN FRN 28/06/2013 3,961,880 0.34 USD 2,370,000 Entravision Communications 8.75% 01/08/2017 2,583,300 0.22 USD 2,000,000 Ford Motor Credit 5% 15/05/2018 2,214,170 0.19


GBP 3,350,000 General Electric Capital EMTN 5.25% 10/12/2013 5,643,924 0.48


EUR 5,587,000 JPMorgan Chase & Co. EMTN FRN 26/09/2013 7,388,566 0.63

EUR 1,200,000 Merrill Lynch & Co. EMTN 4.625% 02/10/2013 1,624,575 0.14

EUR 2,250,000 Morgan Stanley EMTN FRN 01/03/2013 2,973,134 0.25 USD 1,200,000 Quicksilver Resources 8.25% 01/08/2015 1,111,440 0.09 EUR 10,700,000 Wachovia Bank EMTN FRN 13/02/2014 14,139,188 1.20 Venezuela 6,638,759 0.56 USD 6,760,000 Petroleos de Venezuela RegS 8.5% 02/11/2017 6,638,759 0.56 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 927,583,572 79.05 주식수 또는 원금


시가 USD

% 순자산

China 3,975,820 0.34 USD 4,000,000 COSL Finance RegS 3.25% 06/09/2022 3,975,820 0.34 Germany 8,019,360 0.68


Italy 4,541,057 0.39 EUR 100,000 Enel EMTN 4.25% 12/06/2013 134,133 0.01 EUR 1,300,000 Lottomatica RegS 3.5% 05/03/2020 1,775,674 0.15


Luxembourg 164,140 0.01 GBP 100,000 Bumper 2 2012-5 B FRN 20/06/2022 164,140 0.01 Malaysia 2,756,151 0.23 USD 2,620,000 SSG Resources 4.25% 04/10/2022 2,756,151 0.23 Netherlands 945,820 0.08 EUR 700,000 Storm 2012-1 A2 FRN 22/01/2054 945,820 0.08 Spain 4,547,867 0.39


Switzerland 3,671,367 0.32 USD 3,500,000 Swiss Re Capital I 144A variable perpetual 3,671,367 0.32 United Kingdom 710,918 0.06

USD 726,017 Brunel Residential Mortgage Securitisation 2007-1A A4C FRN 13/01/2039 710,918 0.06


USD 1,667,309 Accredited Mortgage Loan Trust 2004-3 2A5 FRN 25/10/2034 1,558,779 0.13



USD 149,745 Aegis Asset Backed Securities Trust 2005-2 M1 FRN 25/06/2035 147,552 0.02

USD 1,348,068 American Credit Acceptance Receivables Trust 2012-1 A2 3.04% 15/10/2015 1,349,694 0.12

USD 2,592,263 American Credit Acceptance Receivables Trust 2012-2 A 1.89% 15/07/2016 2,603,508 0.22

USD 59,768 Banc of America Mortgage 2003-6 1A38 Trust 0% 25/08/2033 58,814 0.01

USD 6,315,000 Banc of America Re-Remic Trust 2012-CLRN A FRN 15/08/2029 6,369,296 0.54

USD 1,071,874 BCAP Trust 2012-RR4 9A5 FRN 26/11/2036 1,009,459 0.09 USD 1,000,000 Catholic Health Initiatives 1.6% 01/11/2017 1,011,882 0.09 USD 3,700,000 City of New York 5.517% 01/10/2037 4,601,172 0.39 USD 580,503 Conn Funding II 2012-AA A 4% 15/04/2016 581,591 0.05

USD 3,430,000 DT Auto Owner Trust 2012-2 2012-2A D 4.35% 15/03/2019 3,478,720 0.30

USD 42,192 FHLMC REMICS 2646 SH FRN 15/07/2033 44,826 0.01 USD 842,715 FHLMC REMICS 3762 SB FRN 15/05/2025 117,171 0.01 USD 1,619,684 FHLMC REMICS 3767 DS FRN 15/02/2039 268,606 0.02 USD 6,747,627 FHLMC REMICS 3792 DS FRN 15/11/2040 962,442 0.08 USD 4,859,381 FHLMC REMICS 3792 SP FRN 15/06/2039 596,482 0.05 USD 29,387 FHLMC REMICS 3828 SD FRN 15/02/2041 29,509 0.00 USD 597,104 FHLMC REMICS 3946 SL FRN 15/04/2041 143,535 0.01 USD 1,057,355 FHLMC REMICS 3955 SB FRN 15/02/2041 231,668 0.02 USD 1,438,360 FHLMC REMICS 4058 PS FRN 15/12/2041 240,231 0.02 USD 3,100,000 FHLMC REMICS 4141 PI 3% 15/12/2042 461,187 0.04 USD 3,070,330 FNMA Aces 2011-M8 SA FRN 25/08/2021 996,132 0.09 USD 2,965,679 FNMA Interest Strip 339 24 5% 01/07/2018 223,828 0.02 USD 130,102 FNMA Interest Strip 339 25 5% 01/07/2018 9,881 - USD 2,215,176 FNMA Interest Strip 339 26 5% 01/07/2018 167,910 0.01 USD 51,000 FNMA Pool N° 725221 5.5% 01/01/2034 55,398 0.00 USD 17,206,993 FNMA Pool N° AB6478 2.5% 01/10/2027 17,992,062 1.53 USD 33,734,095 FNMA Pool N° AP9785 2.5% 01/10/2027 35,273,213 3.01 USD 1,320,381 FNMA REMIC 2012-128 HS FRN 25/11/2042 1,298,575 0.11 USD 298,774 FNMA REMIC 2012-137 US FRN 25/12/2042 294,746 0.03 USD 4,652,645 FNMA REMICS 2009-76 HI 5.5% 25/01/2019 371,688 0.03 USD 979,193 FNMA REMICS 2010-105 QI FRN 25/07/2039 201,984 0.02 USD 6,940,961 FNMA REMICS 2010-140 GS FRN 25/07/2039 1,038,313 0.09 USD 894,966 FNMA REMICS 2012-111 HS FRN 25/10/2042 859,733 0.07 USD 2,411,031 FNMA REMICS 2012-2 PS FRN 25/07/2041 496,308 0.04 USD 3,135,179 FNMA REMICS 2012-75 SH FRN 25/11/2041 634,043 0.05 USD 196,177 FNMA REMICS 2012-93 SH FRN 25/09/2042 198,282 0.02

USD 1,400,000 FREMF Mortgage Trust 2012-K21 B variable 25/07/2045 1,432,812 0.12

USD 2,200,000 FREMF Mortgage Trust 2012-KF01 B FRN 25/10/2044 2,212,716 0.19

USD 1,250,000 George Washington University 3.485% 15/09/2022 1,329,390 0.11

USD 261,410 GNMA 2009-87 PI 4.5% 20/10/2032 10,172 0.00 USD 6,893,332 GNMA 2010-107 IP 4.5% 20/06/2037 1,336,807 0.11 USD 11,273,245 GNMA 2010-115 NI 4.5% 20/01/2036 839,201 0.07 USD 11,514,026 GNMA 2010-127 IQ 4.5% 20/08/2039 2,701,248 0.23 USD 348,579 GNMA 2010-14 DI 4.5% 20/12/2033 7,878 0.00 USD 22,224,633 GNMA 2010-147 KI 2% 16/11/2013 311,889 0.03 USD 8,315,056 GNMA 2010-59 LI 4.5% 20/02/2036 597,360 0.05 USD 810,898 GNMA 2011-35 MI 4.5% 16/12/2037 53,978 0.00 USD 1,420,924 GNMA 2011-71 WI 4.5% 20/06/2039 144,398 0.01 USD 10,926,652 GNMA 2012-107 IO variable 16/12/2053 740,335 0.06 USD 2,582,691 GNMA 2012-53 IO variable 16/03/2047 196,070 0.02 USD 1,136,615 GNMA 2012-65 A 3.5% 20/03/2036 1,216,583 0.10 USD 785,885 GNMA 2012-7 A 3.5% 20/04/2036 832,287 0.07 USD 3,758,204 GNMA 2012-70 IO variable 16/08/2052 256,843 0.02 USD 23,892,338 GNMA 2012-86 IO variable 16/12/2053 1,944,956 0.17 USD 137,510,000 GNMA II Pool N° 3% 3 1/13 146,147,347 12.46 USD 553,515 GNMA II Pool N° 82895 FRN 20/07/2041 591,364 0.05

USD 336,751 Impac CMB Trust Series 2003-11 2A1 FRN 25/10/2033 333,258 0.03

USD 3,595,325 Impac CMB Trust2005-6 2A2 FRN 25/10/2035 3,419,463 0.29

USD 3,226,934 Impac Secured Assets Trust 2006-1 2A1 FRN 25/05/2036 3,186,494 0.27




USD 2,235,000 LSTAR Commercial Mortgage Trust 2011-1 B variable 25/06/2043 2,457,613 0.21

USD 9,821 Mastr Adjustable Rate Mortgages Trust 2004-14 M1 FRN 25/01/2035 9,375 0.00

EUR 4,000,000 Merrill Lynch & Co. EMTN FRN 22/07/2014 5,236,021 0.45

USD 587,661 Merrill Lynch Mortgage Investors 2004-HE2 A1A FRN 25/08/2035 504,485 0.04

USD 1,016,496 Morgan Stanley ABS Capital I 2003-NC10 B3 FRN 25/10/2033 180,291 0.02

USD 171,343 New Century Home Equity Loan Trust Series 2003-3 M5 FRN 25/07/2033 56,721 0.00

USD 1,000,000 Philadelphia Authority for Industrial Development 3.964% 15/04/2026 1,008,610 0.09

USD 46,988 Saxon Asset Securities Trust 2005-4 A2C FRN 25/11/2037 46,624 0.00

USD 173,185 Specialty Underwriting & Residential Finance 2003-BC4 A3B variable 25/11/2034 168,388 0.01

USD 851,989 Wachovia Mortgage Loan Trust 2005-WMC1 A4 FRN 25/10/2035 836,436 0.07

USD 3,970,000 Wells Fargo & Co. FRN 26/06/2015 4,009,986 0.34

USD 87,361 Wells Fargo Mortgage Backed Securities Trust 2004-1 A2 5.5% 25/02/2034 87,498 0.01

USD 58,048 Wells Fargo Mortgage Backed Securities Trust 2006-16 A5 5% 25/11/2036 59,936 0.01



시가 USD

% 순자산

Luxembourg 1,132,238 0.09 EUR 861,274 Windermere CMBS IX-X A1 FRN 22/08/2016 1,132,238 0.09 United Kingdom 6,422,530 0.55 GBP 3,900,000 Virgin Media Finance 5.125% 15/02/2022 6,422,530 0.55 United States of America 1,333,627 0.12 USD 2,210,199 GNMA 2010-91 SI FRN 20/07/2040 379,768 0.04 USD 1,248,647 GNMA 2012-132 IO variable 16/06/2054 102,329 0.01 USD 9,966,880 GNMA 2012-135 IO variable 16/01/2053 851,530 0.07

USD 2,717,666 Sharp SP I Net Interest Margin Trust 2006-HE3N NA 6.4% 25/06/2036 * - -

기타 규제시장에서 거래되지 않는 총 기타 양도성증권 8,888,395 0.76 주식수 또는 원금 개방형 간접투자기구

시가 USD

% 순자산

Luxembourg 15,251,080 1.30

139,000 Schroder ISF - Emerging Market Bond Fund Class I Acc 15,251,080 1.30

총 개방형 간접투자기구

총 투자자산 1,256,553,437 107.09 기타 순부채 (83,195,262) (7.09) 순자산가치 1,173,358,175 100.00 * 증권은 2012.12.31. 현재 공정가치로 평가됩니다.

슈로더 유로 유동성 펀드 (EURO Liquidity) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 EUR

% 순자산

France 39,661,055 3.42 EUR 2,515,000 BNP Paribas EMTN FRN 16/09/2013 2,519,276 0.22 EUR 7,120,000 BNP Paribas FRN 03/12/2014 7,126,479 0.61

EUR 20,000,000 Crédit Agricole/London EMTN FRN 12/03/2013 20,013,600 1.73

EUR 10,000,000 Société Générale EMTN FRN 14/01/2013 10,001,700 0.86 Germany 132,886,838 11.45 EUR 17,500,000 Erste Abwicklungsanstalt EMTN FRN 23/01/2014 17,527,038 1.51 EUR 40,000,000 Erste Abwicklungsanstalt EMTN FRN 28/03/2013 40,009,000 3.45 EUR 10,000,000 FMS Wertmanagement EMTN FRN 02/02/2015 10,036,400 0.86 EUR 30,000,000 FMS Wertmanagement EMTN FRN 20/01/2014 30,039,750 2.59

EUR 10,000,000 Kreditanstalt fuer Wiederaufbau EMTN FRN 04/03/2013 10,002,150 0.86

EUR 25,000,000 Landeskreditbank Baden-Wuerttemberg Foerderbank EMTN 4.125% 15/04/2013 25,272,500 2.18

Netherlands 54,096,750 4.66 EUR 4,000,000 ING Bank EMTN FRN 08/01/2013 4,000,300 0.35 EUR 10,000,000 Rabobank Nederland EMTN FRN 08/10/2013 10,004,200 0.86 EUR 15,000,000 Rabobank Nederland EMTN FRN 13/01/2014 15,089,250 1.30 EUR 25,000,000 Rabobank Nederland RegS FRN 14/01/2013 25,003,000 2.15 Supranational 42,080,290 3.63

EUR 20,000,000 European Investment Bank EMTN FRN 09/01/2015 20,070,500 1.73

EUR 22,000,000 European Investment Bank EMTN FRN 15/01/2014 22,009,790 1.90

Sweden 28,012,380 2.41 EUR 20,000,000 Nordea Bank RegS FRN 11/02/2013 20,011,100 1.72

EUR 8,000,000 Svenska Handelsbanken EMTN FRN 14/01/2013 8,001,280 0.69

Switzerland 13,006,200 1.12 EUR 10,000,000 Credit Suisse/London EMTN FRN 07/01/2013 10,000,650 0.86 EUR 3,000,000 UBS/London EMTN FRN 17/06/2013 3,005,550 0.26 United Kingdom 40,675,759 3.50 EUR 15,425,000 Barclays Bank EMTN FRN 17/01/2014 15,653,753 1.35 EUR 17,800,000 Barclays Bank EMTN FRN 28/01/2013 17,810,502 1.53 EUR 5,000,000 Lloyds TSB Bank EMTN FRN 18/01/2013 5,003,100 0.43

EUR 2,200,000 Royal Bank of Scotland EMTN FRN 18/05/2013 2,208,404 0.19


EUR 6,600,000 JPMorgan Chase & Co. EMTN FRN 26/09/2013 6,605,478 0.57



시가 EUR

% 순자산

Finland 18,994,383 1.64 EUR 19,000,000 Nordea Bank 0% 13/03/2013 18,994,383 1.64 France 176,958,186 15.25 EUR 25,000,000 ABN Amro Bank 0% 02/07/2013 24,974,761 2.15 EUR 24,000,000 BNP Paribas 0% 25/03/2013 23,983,425 2.07 EUR 18,000,000 BNP Paribas 0.27% 23/04/2013 18,000,000 1.55 EUR 62,000,000 BPCE 0.33% 05/03/2013 62,000,000 5.34 EUR 48,000,000 Société Générale 0.26% 05/04/2013 48,000,000 4.14 Germany 4,997,898 0.43 EUR 5,000,000 Erste Abwicklungsanstalt 0% 12/04/2013 4,997,898 0.43 Netherlands 34,920,577 3.01 EUR 8,000,000 ABN Amro Bank 0% 18/11/2013 7,975,121 0.69 EUR 18,000,000 ABN Amro Bank 0% 09/12/2013 17,945,456 1.55 EUR 9,000,000 Rabobank Nederland 0.33% 21/10/2013 9,000,000 0.77 Norway 55,900,284 4.81 EUR 24,000,000 DNB Bank 0% 14/10/2013 23,958,146 2.06 EUR 22,000,000 DNB Bank 0% 22/11/2013 21,961,347 1.89 EUR 10,000,000 Nordea Bank 0% 27/11/2013 9,980,791 0.86 Sweden 109,842,562 9.46 EUR 40,000,000 Swedbank 0% 28/02/2013 39,986,481 3.45 EUR 40,000,000 Skandinaviska Enskilda Banken 0% 16/12/2013 39,891,728 3.44 EUR 10,000,000 Svenska Handelsbanken 0% 02/05/2013 9,994,627 0.85 EUR 20,000,000 Swedbank 0% 01/10/2013 19,969,726 1.72 Switzerland 6,026,370 0.52 EUR 6,000,000 Credit Suisse/London EMTN FRN 17/06/2013 6,026,370 0.52 United Kingdom 393,947,668 33.94 EUR 41,000,000 Lloyds TSB Bank 0% 27/03/2013 40,985,490 3.53 EUR 12,000,000 Nationwide Building Society 0% 14/03/2013 11,995,444 1.03

EUR 18,000,000 Abbey National Treasury Services 0% 21/03/2013 17,980,300 1.55

EUR 40,000,000 Abbey National Treasury Services 0.33% 07/01/2013 40,000,000 3.45

EUR 10,000,000 Barclays Bank 0% 13/12/2013 10,000,000 0.86 EUR 20,000,000 Clydesdale Bank 0% 11/02/2013 19,999,544 1.72 EUR 35,000,000 Clydesdale Bank 0.33% 28/02/2013 35,000,000 3.02 EUR 48,000,000 Crédit Agricole 0.39% 05/04/2013 48,000,000 4.14 EUR 50,000,000 ING Bank 0.45% 25/07/2013 50,000,000 4.31 EUR 15,000,000 Lloyds TSB Bank 0.12% 23/04/2013 15,000,000 1.29 EUR 25,000,000 Nationwide Building Society 0.15% 02/04/2013 25,000,000 2.15 EUR 25,000,000 Nationwide Building Society 0.15% 02/04/2013 25,000,000 2.15 EUR 55,000,000 UBS London 0% 21/01/2013 54,986,890 4.74 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 801,587,928 69.06 총 투자자산 1,158,612,678 99.82 기타 순자산 2,050,381 0.18 순자산가치 1,160,663,059 100.00

슈로더 글로벌 매니지드 커런시 펀드 (Global Managed Currency) 2012년 12월 31일자 투자포트폴리오 주식수 또는 원금


시가 USD

% 순자산

United States of America 30,592,697 97.04 USD 6,700,000 US Treasury Bill 0% 17/01/2013 6,699,613 21.25 USD 3,500,000 US Treasury Bill 0% 07/02/2013 3,499,529 11.10 USD 2,000,000 US Treasury Bill 0% 14/02/2013 1,999,728 6.34 USD 4,000,000 US Treasury Bill 0% 21/02/2013 3,999,258 12.69 USD 2,000,000 US Treasury Bill 0% 28/02/2013 1,999,612 6.34 USD 2,800,000 US Treasury Bill 0% 07/03/2013 2,799,338 8.88 USD 1,800,000 US Treasury Bill 0% 14/03/2013 1,799,568 5.71 USD 2,500,000 US Treasury Bill 0% 11/04/2013 2,498,976 7.93 USD 2,300,000 US Treasury Bill 0% 23/05/2013 2,298,798 7.29 USD 3,000,000 US Treasury Bill 0% 06/06/2013 2,998,277 9.51 기타 규제시장에서 거래되는 총 양도성증권 및 단기금융상품 30,592,697 97.04 총 투자자산 30,592,697 97.04 기타 순자산 932,668 2.96 순자산가치 31,525,365 100.00

슈로더 글로벌 데모그래픽 오퍼튜니티 펀드 (Global Demographic Opportunities) 2012년 12월 31일자 투자포트폴리오



시가 USD

% 순자산

Australia 666,173 2.88 41,884 Ansell 666,173 2.88 Austria 554,039 2.39

10,385 Vienna Insurance 554,039 2.39 Brazil 908,950 3.93

12,578 Companhia Brasileira de Distribuicao Grupo Pao de Acucar ADR Preference 563,243 2.43

30,700 Raia Drogasil 345,707 1.50 Canada 638,355 2.76 11,067 Bank of Nova Scotia 638,355 2.76 China 393,660 1.70 24,300 China Lodging ADR 393,660 1.70 Czech Republic 422,139 1.82 2,004 Komercni Banka 422,139 1.82 France 1,578,410 6.82 16,592 Safran 714,613 3.09 9,157 Sanofi 863,797 3.73 Germany 1,472,638 6.36 13,477 Carl Zeiss Meditec 387,323 1.67 7,073 Fresenius Medical Care KGaA 488,888 2.11 18,446 GEA 596,427 2.58 Hong Kong SAR 2,039,972 8.81 184,000 China Mengniu Dairy 522,299 2.25 102,000 China Resources Enterprise 367,841 1.59 1,020,000 Hengdeli 365,867 1.58 31,000 Standard Chartered 783,965 3.39 Indonesia 614,739 2.66 374,000 Bank Mandiri Persero 309,280 1.34 430,500 Bank Rakyat Indonesia Persero 305,459 1.32 Israel 1,035,962 4.47 45,423 Mizrahi Tefahot Bank 465,202 2.01 15,343 Teva Pharmaceutical Industries ADR 570,760 2.46 Japan 1,357,898 5.87 3,800 AIN Pharmaciez 207,325 0.90 15,800 Astellas Pharma 708,459 3.06 8,500 Unicharm 442,114 1.91 Nigeria 280,812 1.21 2,249,740 Zenith Bank 280,812 1.21 Singapore 435,054 1.88 7,017 Jardine Matheson 435,054 1.88 South Korea 771,110 3.33 2,856 Hyundai Mobis 771,110 3.33 Switzerland 564,294 2.44 2,759 Roche 564,294 2.44 Thailand 713,515 3.08 2,673,900 Hemaraj Land and Development (Foreign) 263,981 1.14 600,100 Hemaraj Land and Development NVDR 59,245 0.26 61,700 Kasikornbank (NVDR) 390,289 1.68 United Kingdom 1,857,090 8.02 37,191 Dignity 656,496 2.84 40,859 Pearson 786,089 3.39 29,573 Prudential 414,505 1.79 United States of America 4,513,733 19.50 11,099 AGCO 533,529 2.30 73,526 Anworth Mortgage Asset 422,039 1.82 14,312 Citigroup 558,311 2.41 17,434 DENTSPLY International 680,100 2.94 11,068 Estee Lauder 641,169 2.77 11,105 Hyatt Hotels 420,213 1.82

10,342 Mead Johnson Nutrition 673,368 2.91 9,039 Yum! Brands 585,004 2.53 공식증권거래소에 상장이 인가된 총 양도성증권 및 단기금융상품 20,818,543 89.93 주식수 또는 원금 공정가치 조정액

시가 USD

% 순자산

United States of America 58,495 0.25 1 SIM Systematic FV USA* 58,495 0.25 총 공정가치 조정액 58,495 0.25 주식수 또는 원금 금융파생상품

시가 USD

% 순자산

India 440,920 1.90 232,063 Idea Cellular Warrants 13/03/2017 440,920 1.90 총 금융파생상품 440,920 1.90 총 투자자산 21,317,958 92.08 기타 순자산 1,833,757 7.92 순자산가치 23,151,715 100.00 * 공정가치 조정액에 관한 자세한 내용은 재무제표 주석의 ‘공정가치 평가(Fair Value Pricing)’ 부분을 참고하시기 바랍니다. * ( ) 내는 집합투자기구 자산총액 대비 비중 주) 집합투자기구의 자산 구성 현황은 집합투자규약에서 정하는

주된 투자대상자산의 합리적인 분류기준(예: 업종, 국가, 신용도, 만기 등)에 따른 최근 반기말 기준 구성현황을 나타낸 것이므로 투자자는 투자판단에 신중을 기해야 합니다.

슈로더 유러피언 오퍼튜니티 펀드는 2014년 3월 12일, 슈로더 글로벌 리커버리 펀드는 2013년 10월 9일, 슈로더 글로벌 언컨스트레인드 채권 펀드는 2013년 4월 17일자로 각 설정되어 2012년 12월 31일 기준 집합투자기구의 자산구성현황에 관한 정보가 존재하지 않습니다. 이 증권신고서 작성일 현재 상기 펀드들은 순자산의 60% 이상을 외화증권에 투자운용합니다.

Documents

6.3. 집합투자기구의 자산 구성 현황 Thailand 79,863,846 6 · 6.3. 집합투자기구의 자산 구성 현황 슈로더 아시안 오퍼튜니티 펀드 (Asian Opportunities)(a)