CHALLENGE INTERNATIONAL EQUITY FUND TABELLA DEGLI ...€¦ · Kerry Properties Ltd 20.500 HKD 67.594 52.105 - Li & Fung Ltd 188.000 HKD 217.387 116.459 0,01 Marvell Technology Group

CHALLENGE INTERNATIONAL EQUITY FUND TABELLA DEGLI INVESTIMENTI AL 31 DICEMBRE 2015

324

(valori espressi in EUR) Descrizione

Quantità/ Valore nominale Valuta

Costi di acquisizione Valutazione

% Attivo Netto

1) INVESTIMENTI

A) VALORI MOBILIARI AMMESSI A UNA BORSA VALORI UFFICIALE O NEGOZIATI IN UN MERCATO REGOLAMENTATO

1) VALORI MOBILIARI QUOTATI: AZIONI AUSTRALIA

AGL Energy Ltd 22.088 AUD 180.656 264.931 0,02

Alumina Ltd 112.598 AUD 116.564 87.277 0,01

Amcor Ltd 39.001 AUD 109.366 352.864 0,03 AMP Ltd 101.056 AUD 229.379 395.706 0,04

APA Group 40.005 AUD 163.021 232.031 0,02

Aristocrat Leisure Ltd 18.108 AUD 98.597 124.266 0,01

Asciano Ltd 21.119 AUD 56.735 124.185 0,01 ASX Ltd 6.195 AUD 122.642 175.227 0,02

Aurizon Holdings Ltd 72.478 AUD 149.557 212.610 0,02

AusNet Services 80.762 AUD 39.885 79.870 0,01

Australia & New Zealand Banking Group Ltd 96.699 AUD 995.798 1.806.640 0,16 Bank of Queensland Ltd 15.200 AUD 121.598 141.890 0,01

Bendigo & Adelaide Bank Ltd 10.856 AUD 45.122 86.396 0,01

BHP Billiton Ltd 104.770 AUD 2.100.422 1.266.450 0,11

Boral Ltd 21.570 AUD 61.699 85.327 0,01 Brambles Ltd 55.946 AUD 190.661 428.043 0,04

Caltex Australia Ltd 9.075 AUD 136.135 231.342 0,02

Challenger Ltd 13.062 AUD 75.617 75.237 0,01

CIMIC Group Ltd 5.155 AUD 72.939 82.946 0,01

Coca-Cola Amatil Ltd 18.187 AUD 103.562 113.020 0,01

Cochlear Ltd 1.811 AUD 52.737 116.426 0,01

Commonwealth Bank of Australia 56.966 AUD 1.465.878 3.257.239 0,28

Computershare Ltd 16.937 AUD 87.908 132.641 0,01 Crown Ltd 15.594 AUD 64.821 130.251 0,01

CSL Ltd 15.335 AUD 262.048 1.089.050 0,10

Dexus Property Group 37.950 AUD 130.451 192.725 0,02

DUET Group 56.468 AUD 91.023 86.785 0,01 Flight Centre Travel Group Ltd 2.667 AUD 57.778 71.285 0,01

Fortescue Metals Group Ltd 67.933 AUD 175.460 84.886 0,01

Goodman Group 54.211 AUD 119.013 233.647 0,02

GPT Group 64.195 AUD 96.603 208.474 0,02 Harvey Norman Holdings Ltd 23.792 AUD 46.180 68.044 0,01

Healthscope Ltd 40.114 AUD 82.022 71.032 0,01

Iluka Resources Ltd 14.998 AUD 174.121 62.035 0,01

Incitec Pivot Ltd 54.187 AUD 73.543 143.747 0,01 Insurance Australia Group Ltd 77.810 AUD 156.860 287.523 0,03

Lend Lease Group 15.994 AUD 70.937 152.615 0,01

Macquarie Group Ltd 9.674 AUD 255.608 536.339 0,05

Medibank Pvt Ltd 98.125 AUD 175.301 140.971 0,01 Mirvac Group 125.053 AUD 85.216 166.705 0,01

National Australia Bank Ltd 87.413 AUD 1.285.695 1.771.580 0,16

Newcrest Mining Ltd 24.917 AUD 516.769 216.780 0,02

Orica Ltd 13.054 AUD 158.637 136.076 0,01 Origin Energy Ltd 53.724 AUD 338.380 170.161 0,02

Qantas Airways Ltd 25.938 AUD 64.779 71.755 0,01

QBE Insurance Group Ltd 44.104 AUD 502.770 371.036 0,03

Ramsay Health Care Ltd 5.471 AUD 112.056 246.509 0,02 REA Group Ltd 2.192 AUD 59.588 80.691 0,01

Rio Tinto Ltd 13.877 AUD 431.211 415.233 0,04

Santos Ltd 55.367 AUD 342.836 139.848 0,01

Scentre Group 186.091 AUD 14.709 528.478 0,04

CHALLENGE INTERNATIONAL EQUITY FUND TABELLA DEGLI INVESTIMENTI AL 31 DICEMBRE 2015 (cont.)

325




% Attivo Netto

SEEK Ltd 9.635 AUD 72.747 98.311 0,01

Sonic Healthcare Ltd 13.253 AUD 91.741 160.201 0,01 South32 Ltd 178.486 AUD - 129.404 0,01

Stockland 65.551 AUD 118.746 184.405 0,01

Suncorp Group Ltd 48.015 AUD 221.313 391.105 0,04

Sydney Airport 29.310 AUD 11.223 124.366 0,01 Tabcorp Holdings Ltd 25.295 AUD 100.312 79.103 0,01

Tatts Group Ltd 49.889 AUD 76.972 145.346 0,01

Telstra Corp Ltd 138.200 AUD 265.232 518.064 0,05

TPG Telecom Ltd 8.748 AUD 51.973 58.104 0,01 Transurban Group 63.444 AUD 217.192 444.712 0,04

Treasury Wine Estates Ltd 24.265 AUD 92.813 132.469 0,01

Vicinity Centres 112.477 AUD 147.604 212.698 0,02

Wesfarmers Ltd 37.432 AUD 590.960 1.049.771 0,10 Westfield Corp 69.941 AUD 462.479 453.332 0,04

Westpac Banking Corp 110.592 AUD 1.391.421 2.487.426 0,23

Woodside Petroleum Ltd 23.898 AUD 601.333 460.223 0,04

Woolworths Ltd 41.222 AUD 645.371 689.174 0,06

Totale Australia 17.880.325 25.565.039 2,31

AUSTRIA

ANDRITZ AG 2.202 EUR 91.673 99.200 0,01 Erste Group Bank AG 10.322 EUR 211.801 298.409 0,03

OMV AG 6.098 EUR 147.232 159.341 0,01

Raiffeisen Bank International AG 3.646 EUR 105.434 49.604 -

Right Immoeast 2010* 24.720 EUR - - - voestalpine AG 4.033 EUR 73.138 114.315 0,01

Totale Austria 629.278 720.869 0,06

BELGIO Ageas NV 6.229 EUR 154.295 268.501 0,02

Anheuser-Busch InBev NV 26.785 EUR 887.457 3.101.703 0,28

Belgacom 5.195 EUR 123.864 155.279 0,01

Colruyt SA 3.021 EUR 96.995 146.398 0,01 Delhaize Group 3.607 EUR 188.817 330.185 0,03

Groupe Bruxelles Lambert SA 2.751 EUR 149.113 217.412 0,02

KBC Groep NV 8.626 EUR 126.986 501.516 0,05

Solvay SA 2.715 EUR 187.478 270.170 0,02

Telenet Group Holding NV 1.611 EUR 47.867 79.229 0,01

UCB SA 4.219 EUR 94.870 356.927 0,03

Umicore SA 2.714 EUR 44.132 106.552 0,01

Totale Belgio 2.101.874 5.533.872 0,49

BERMUDA

Arch Capital Group Ltd 4.378 USD 65.757 283.376 0,03

Axalta Coating Systems Ltd 3.862 USD 120.667 94.307 0,01

Axis Capital Holdings Ltd 3.282 USD 65.727 170.964 0,02 Bunge Ltd 4.965 USD 228.784 312.772 0,03

Cheung Kong Infrastructure Holdings Ltd 19.000 HKD 48.370 161.385 0,01

Everest Re Group Ltd 1.487 USD 81.158 253.513 0,02

First Pacific Co Ltd 41.750 HKD 33.986 24.925 -

Hongkong Land Holdings Ltd 14.200 USD 93.983 89.909 0,01

Invesco Ltd 13.831 USD 222.949 423.035 0,04

zero.


326




% Attivo Netto

Kerry Properties Ltd 20.500 HKD 67.594 52.105 -

Li & Fung Ltd 188.000 HKD 217.387 116.459 0,01 Marvell Technology Group Ltd 15.125 USD 141.211 121.405 0,01

Noble Group Ltd 151.962 SGD 123.011 39.345 -

Norwegian Cruise Line Holdings Ltd 5.615 USD 263.970 306.179 0,03

NWS Holdings Ltd 66.661 HKD 51.714 91.571 0,01 PartnerRe Ltd 1.465 USD 105.877 187.744 0,02

RenaissanceRe Holdings Ltd 1.430 USD 49.409 150.397 0,01

Shangri-La Asia Ltd 58.667 HKD 66.739 53.195 -

Signet Jewelers Ltd 2.717 USD 287.376 303.156 0,03 Yue Yuen Industrial Holdings Ltd 24.500 HKD 41.033 75.739 0,01

Totale Bermuda 2.376.702 3.311.481 0,30

CANADA Agnico-Eagle Mines Ltd 7.338 CAD 297.248 176.138 0,02

Agrium Inc 4.358 CAD 158.919 360.518 0,03

Alimentation Couche-Tard Inc 14.679 CAD 116.450 600.385 0,05

AltaGas Ltd 4.020 CAD 115.782 82.012 0,01 ARC Resources Ltd 12.153 CAD 187.087 133.348 0,01

Atco Ltd 2.394 CAD 83.229 56.975 0,01

Bank of Montreal 21.307 CAD 734.435 1.109.766 0,10

Bank of Nova Scotia 41.502 CAD 1.257.212 1.579.999 0,14 Barrick Gold Corp 40.489 CAD 942.922 273.825 0,02

BCE Inc 4.464 CAD 78.699 159.962 0,01

BlackBerry Ltd 20.402 CAD 1.044.235 174.592 0,02

Bombardier Inc 58.311 CAD 135.197 50.016 - Brookfield Asset Management Inc 29.913 CAD 306.921 874.725 0,08

CAE Inc 7.327 CAD 31.721 74.497 0,01

Cameco Corp 14.836 CAD 267.154 165.039 0,01

Canadian Imperial Bank of Commerce 13.334 CAD 570.724 812.913 0,07 Canadian National Railway Co 26.736 CAD 513.453 1.382.478 0,13

Canadian Natural Resources Ltd 35.870 CAD 717.426 717.584 0,06

Canadian Oil Sands Ltd 19.706 CAD 389.237 107.267 0,01

Canadian Pacific Railway Ltd 5.317 CAD 243.794 620.908 0,06 Canadian Tire Corp Ltd 2.417 CAD 91.709 191.017 0,02

Canadian Utilities Ltd 3.001 CAD 35.643 64.213 0,01

CCL Industries Inc 692 CAD 109.118 104.301 0,01

Cenovus Energy Inc 27.344 CAD 468.720 314.103 0,03 CGI Group Inc 8.175 CAD 51.815 304.214 0,03

CI Financial Corp 8.914 CAD 137.372 182.325 0,02

Constellation Software Inc 642 CAD 171.450 246.123 0,02

Crescent Point Energy Corp 19.065 CAD 422.118 200.888 0,02 Dollarama Inc 4.269 CAD 104.735 227.842 0,02

Eldorado Gold Corp 24.040 CAD 206.978 66.143 0,01

Element Financial Corp 9.991 CAD 121.471 111.076 0,01

Empire Co Ltd 4.500 CAD 40.610 77.790 0,01 Enbridge Inc 28.785 CAD 372.339 865.670 0,08

Encana Corp 28.007 CAD 526.905 123.994 0,01

Fairfax Financial Holdings Ltd 727 CAD 215.905 317.530 0,03

Finning International Inc 6.034 CAD 63.388 73.812 0,01 First Capital Realty Inc 3.500 CAD 43.054 43.022 -

First Quantum Minerals Ltd 22.684 CAD 229.075 77.828 0,01

Fortis Inc 8.682 CAD 152.867 216.647 0,02

Franco-Nevada Corp 5.808 CAD 100.348 243.684 0,02 George Weston Ltd 1.909 CAD 71.333 136.750 0,01

Gildan Activewear Inc 6.806 CAD 38.702 179.624 0,02


327




% Attivo Netto

Goldcorp Inc 30.133 CAD 746.534 318.108 0,03

Great-West Lifeco Inc 9.914 CAD 144.824 228.093 0,02 H&R Real Estate Investment Trust 4.400 CAD 78.874 58.875 0,01

Husky Energy Inc 12.051 CAD 238.234 112.351 0,01

IGM Financial Inc 2.262 CAD 59.894 53.251 -

Imperial Oil Ltd 9.606 CAD 265.992 285.085 0,03 Industrial Alliance Insurance & Financial Services Inc 3.702 CAD 62.043 108.988 0,01

Intact Financial Corp 4.556 CAD 103.020 268.530 0,02

Inter Pipeline Ltd 12.267 CAD 240.307 178.629 0,02

Keyera Corp 5.490 CAD 122.798 145.037 0,01 Kinross Gold Corp 40.748 CAD 523.623 68.558 0,01

Linamar Corp 1.227 CAD 65.744 61.625 0,01

Loblaw Cos Ltd 7.271 CAD 168.267 318.404 0,03

Magna International Inc 13.381 CAD 109.217 505.183 0,05 Manulife Financial Corp 65.161 CAD 884.797 910.166 0,08

MEG Energy Corp 5.600 CAD 186.534 28.561 -

Methanex Corp 2.739 CAD 124.121 84.052 0,01

Metro Inc 7.971 CAD 62.937 210.002 0,02 National Bank of Canada 11.364 CAD 207.667 307.341 0,03

Onex Corp 2.659 CAD 32.913 148.932 0,01

Open Text Corp 4.169 CAD 54.706 186.058 0,02

Pembina Pipeline Corp 11.554 CAD 255.499 228.166 0,02 Peyto Exploration & Development Corp 4.786 CAD 110.498 77.682 0,01

Potash Corp of Saskatchewan Inc 27.258 CAD 590.642 435.592 0,04

Power Corp of Canada 11.479 CAD 195.264 222.974 0,02

Power Financial Corp 7.418 CAD 129.596 158.480 0,01

PrairieSky Royalty Ltd 4.637 CAD 104.658 67.217 0,01

Restaurant Brands International Inc 6.904 CAD 211.866 234.914 0,02

RioCan Real Estate Investment Trust 4.601 CAD 55.887 73.586 0,01

Rogers Communications Inc 11.978 CAD 235.688 382.588 0,03 Royal Bank of Canada 50.082 CAD 1.622.001 2.497.801 0,23

Saputo Inc 7.830 CAD 59.447 176.582 0,02

Seven Generations Energy Ltd 6.069 CAD 67.617 53.698 -

Shaw Communications Inc 12.853 CAD 153.308 203.954 0,02 Silver Wheaton Corp 13.537 CAD 135.261 152.464 0,01

Smart Real Estate Investment Trust 2.859 CAD 65.048 57.817 0,01

SNC-Lavalin Group Inc 4.444 CAD 124.417 123.004 0,01

Sun Life Financial Inc 21.398 CAD 423.697 620.644 0,06 Suncor Energy Inc 47.971 CAD 1.036.317 1.132.481 0,10

Teck Resources Ltd 18.881 CAD 362.436 66.026 0,01

TELUS Corp 8.168 CAD 76.127 209.695 0,02

Thomson Reuters Corp 12.959 CAD 263.097 455.562 0,04 Toronto-Dominion Bank 62.671 CAD 1.306.290 2.274.679 0,20

Tourmaline Oil Corp 6.200 CAD 133.538 89.997 0,01

TransCanada Corp 23.318 CAD 483.327 696.026 0,06

Turquoise Hill Resources Ltd 35.648 CAD 141.364 82.322 0,01 Valeant Pharmaceuticals International Inc 11.034 CAD 338.414 1.032.991 0,09

Veresen Inc 9.650 CAD 130.983 54.948 -

Vermilion Energy Inc 3.628 CAD 89.513 88.976 0,01

West Fraser Timber Co Ltd 2.472 CAD 120.091 85.727 0,01 Yamana Gold Inc 30.544 CAD 205.081 52.599 -

Totale Canada 25.677.518 30.556.564 2,79

ISOLE CAYMAN ASM Pacific Technology Ltd 10.800 HKD 44.805 77.818 0,01

Cheung Kong Property Holdings Ltd 88.616 HKD 15.259 534.276 0,05

CK Hutchison Holdings Ltd 88.116 HKD 673.349 1.090.647 0,10

HKT Trust & HKT Ltd 69.620 HKD 49.894 81.151 0,01


328




% Attivo Netto

Melco Crown Entertainment Ltd 4.272 USD 65.721 65.938 0,01

MGM China Holdings Ltd 32.400 HKD 42.262 37.345 - Sands China Ltd 72.800 HKD 66.259 227.205 0,02

WH Group Ltd 197.000 HKD 137.809 102.238 0,01

Wynn Macau Ltd 60.800 HKD 76.202 64.761 0,01

Totale Isole Cayman 1.171.560 2.281.379 0,22

CURAÇAO

Schlumberger Ltd 42.040 USD 1.724.973 2.682.609 0,24

Totale Curaçao 1.724.973 2.682.609 0,24

DANIMARCA

AP Moeller - Maersk A/S Shs A 145 DKK 150.997 172.461 0,02

AP Moeller - Maersk A/S Shs B 239 DKK 240.488 287.466 0,03 Carlsberg A/S 3.529 DKK 168.187 289.676 0,03

Chr Hansen Holding A/S 2.683 DKK 159.373 155.224 0,01

Coloplast A/S 3.480 DKK 34.413 259.771 0,02

Danske Bank A/S 22.998 DKK 292.695 570.804 0,05 DSV A/S 5.959 DKK 54.661 216.979 0,02

ISS A/S 4.300 DKK 119.845 143.318 0,01

Novo Nordisk A/S 65.813 DKK 733.830 3.527.107 0,32

Novozymes A/S 7.812 DKK 90.702 346.115 0,03 Pandora A/S 3.767 DKK 203.783 440.218 0,04

TDC A/S 28.883 DKK 180.496 133.116 0,01

Tryg A/S 5.759 DKK 83.325 106.045 0,01

Vestas Wind Systems A/S 7.172 DKK 280.981 465.009 0,04 William Demant Holding A/S 1.165 DKK 43.890 102.576 0,01

Totale Danimarca 2.837.666 7.215.885 0,65

FINLANDIA

Elisa OYJ 3.934 EUR 46.365 136.864 0,01 Fortum OYJ 14.363 EUR 227.854 199.933 0,02

Kone OYJ 10.662 EUR 151.526 417.631 0,04

Metso OYJ 4.481 EUR 61.856 92.757 0,01

Neste Oyj 4.962 EUR 46.697 137.100 0,01 Nokia OYJ 125.021 EUR 1.052.738 824.514 0,07

Nokian Renkaat OYJ 4.393 EUR 55.586 145.408 0,01

Orion Oyj 2.823 EUR 49.403 90.252 0,01

Sampo Oyj 14.780 EUR 275.083 694.660 0,06 Stora Enso OYJ 18.803 EUR 73.776 157.757 0,01

UPM-Kymmene OYJ 17.254 EUR 144.081 297.286 0,03

Wartsila OYJ 4.981 EUR 15.147 209.949 0,02

Totale Finlandia 2.200.112 3.404.111 0,30

FRANCIA

Accor SA 6.536 EUR 231.601 263.270 0,02

Aeroports de Paris 1.178 EUR 63.964 127.401 0,01 Air Liquide SA 11.387 EUR 631.789 1.195.635 0,11

Alcatel-Lucent 86.314 EUR 262.582 311.594 0,03

Alstom SA* 8.225 EUR 381.253 230.917 0,02

Arkema SA 1.992 EUR 138.257 129.659 0,01 Atos SE 2.464 EUR 97.785 191.059 0,02

AXA SA 65.596 EUR 1.022.192 1.659.251 0,15

* Posizione bloccata


329




% Attivo Netto

BNP Paribas SA 35.548 EUR 1.589.234 1.869.469 0,17

Bollore SA 35.154 EUR 163.689 151.900 0,01 Bollore SA 162 EUR 2 682 -

Bouygues SA 7.581 EUR 241.576 278.223 0,03

Bureau Veritas SA 8.330 EUR 71.601 155.271 0,01

Cap Gemini SA 5.645 EUR 232.100 485.526 0,04 Carrefour SA 17.675 EUR 395.784 479.258 0,04

Casino Guichard Perrachon SA 2.194 EUR 125.682 94.978 0,01

Christian Dior SE 1.808 EUR 99.829 288.286 0,03

Cie de Saint-Gobain 15.451 EUR 410.550 620.898 0,06 Cie Generale des Etablissements Michelin 6.050 EUR 221.450 535.243 0,05

Cie Generale d'Optique Essilor International SA 6.794 EUR 247.225 789.803 0,07

CNP Assurances 4.954 EUR 72.127 61.331 0,01

Credit Agricole SA 33.540 EUR 370.536 365.418 0,03 Danone SA 19.280 EUR 673.517 1.215.411 0,11

Dassault Systemes SA 4.298 EUR 72.374 318.009 0,03

Edenred 7.464 EUR 3 130.695 0,01

Electricite de France SA 9.631 EUR 415.578 129.826 0,01 Engie SA 49.496 EUR 1.370.312 813.219 0,07

Eurazeo 1.024 EUR 32.206 64.665 0,01

Eutelsat Communications SA 5.872 EUR 106.620 165.532 0,01

Fonciere Des Regions 1.246 EUR 69.163 104.415 0,01 France Telecom SA 65.061 EUR 1.174.021 1.013.650 0,09

GDF Suez Strip VVPR 231 EUR - - -

Gecina SA 1.339 EUR 107.807 151.307 0,01

Groupe Eurotunnel SE 14.160 EUR 105.601 160.008 0,01

Hermes International 940 EUR 100.542 295.630 0,03

ICADE 1.272 EUR 87.029 79.398 0,01

Iliad SA 942 EUR 61.835 206.486 0,02

Imerys SA 1.510 EUR 49.902 96.051 0,01 Ingenico Group 1.976 EUR 223.769 232.279 0,02

JCDecaux SA 3.046 EUR 40.605 108.285 0,01

Klepierre 7.570 EUR 194.197 309.083 0,03

Lagardere SCA 5.013 EUR 156.128 137.632 0,01 Legrand SA 8.531 EUR 189.011 448.901 0,04

L'Oreal SA 8.252 EUR 555.664 1.298.452 0,12

LVMH Moet Hennessy Louis Vuitton SE 9.324 EUR 574.961 1.372.027 0,12

Natixis SA 31.851 EUR 67.748 165.753 0,02 Numericable-SFR SAS 3.550 EUR 98.073 118.925 0,01

Pernod-Ricard SA 7.028 EUR 335.409 745.319 0,07

Peugeot SA 14.323 EUR 163.193 233.250 0,02

PPR 2.578 EUR 195.694 413.640 0,04 Publicis Groupe SA 6.364 EUR 150.525 393.359 0,04

Remy Cointreau SA 1.213 EUR 96.601 80.980 0,01

Renault SA 6.280 EUR 214.928 592.392 0,05

Rexel SA 10.162 EUR 143.373 125.704 0,01 Safran SA 10.338 EUR 210.226 659.048 0,06

Sanofi 39.647 EUR 1.785.179 3.160.255 0,29

Schneider Electric SE 18.304 EUR 546.752 982.559 0,09

SCOR SE 5.081 EUR 80.241 176.107 0,02 Societe BIC SA 1.068 EUR 40.566 163.297 0,01

Societe Generale SA 24.512 EUR 1.028.176 1.048.746 0,09

Sodexo SA 3.113 EUR 123.260 284.715 0,03

Suez Environnement Co 9.567 EUR 102.085 166.657 0,02 Technip SA 3.065 EUR 99.779 142.783 0,01

Thales SA 3.420 EUR 109.919 236.972 0,02

TOTAL SA 72.379 EUR 2.881.435 3.008.433 0,27


330




% Attivo Netto

Unibail-Rodamco SE 3.170 EUR 328.467 747.328 0,07

Valeo SA 2.889 EUR 259.879 414.572 0,04 Veolia Environnement SA 13.740 EUR 290.633 303.173 0,03

Vinci SA 16.159 EUR 495.841 961.137 0,09

Vivendi SA 38.347 EUR 834.132 759.271 0,07

Wendel SA 944 EUR 79.608 103.368 0,01 Zodiac Aerospace 6.605 EUR 104.042 148.315 0,01

Totale Francia 24.297.417 35.472.091 3,22

GERMANIA

adidas AG 6.667 EUR 211.633 599.430 0,05

Allianz SE 15.223 EUR 1.324.071 2.489.722 0,23

Axel Springer SE 1.300 EUR 46.612 66.742 0,01

BASF SE 30.230 EUR 912.109 2.137.866 0,19 Bayer AG 27.546 EUR 1.248.583 3.189.827 0,29

Bayerische Motoren Werke AG 11.011 EUR 357.217 1.075.004 0,10

Bayerische Motoren Werke AG Vorzug. 1.837 EUR 35.913 142.202 0,01

Beiersdorf AG 3.376 EUR 123.220 284.124 0,03 Brenntag AG 5.349 EUR 143.143 258.249 0,02

Commerzbank AG 32.513 EUR 708.640 311.214 0,03

Continental AG 3.595 EUR 182.969 807.257 0,07

Daimler AG 32.000 EUR 1.026.351 2.482.560 0,22 Deutsche Bank AG 45.970 EUR 1.600.222 1.035.474 0,09

Deutsche Boerse AG 6.264 EUR 328.744 509.827 0,05

Deutsche Lufthansa AG 7.831 EUR 86.655 114.059 0,01

Deutsche Post AG 31.954 EUR 396.514 829.366 0,08 Deutsche Telekom AG 107.060 EUR 1.095.259 1.786.832 0,16

Deutsche Wohnen AG 10.017 EUR 155.705 256.585 0,02

E.ON SE 66.963 EUR 1.735.471 598.047 0,05

Evonik Industries AG 5.240 EUR 174.763 160.423 0,01 Fraport AG Frankfurt Airport Services Worldwide 1.642 EUR 56.873 96.779 0,01

Fresenius Medical Care AG & Co KGaA 7.408 EUR 227.655 575.824 0,05

Fresenius SE & Co KGaA 12.603 EUR 209.050 831.420 0,08

Fuchs Petrolub AG 2.052 EUR 68.220 89.262 0,01 GEA Group AG 6.859 EUR 88.835 256.527 0,02

Hannover Rueckversicherung AG 1.811 EUR 48.939 191.332 0,02

HeidelbergCement AG 4.607 EUR 218.594 348.381 0,03

Henkel AG & Co KGaA 9.402 EUR 285.398 833.205 0,08 Henkel AG & Co KGaA Vorzug. 996 EUR 92.216 102.787 0,01

HUGO BOSS AG 2.007 EUR 191.140 153.737 0,01

Infineon Technologies AG 39.614 EUR 144.843 534.987 0,05

K+S AG 5.930 EUR 271.237 140.067 0,01 Kabel Deutschland Holding AG 715 EUR 87.315 81.617 0,01

LANXESS AG 3.302 EUR 177.695 140.929 0,01

Linde AG 6.275 EUR 419.680 840.223 0,08

MAN SE 1.312 EUR 54.313 121.622 0,01 Merck KGaA 4.406 EUR 149.012 394.645 0,04

METRO AG 4.880 EUR 153.142 144.253 0,01

Muenchener Rueckversicherungs-Gesellschaft AG 5.551 EUR 600.374 1.024.437 0,09

OSRAM Licht AG 3.513 EUR - 136.269 0,01 Porsche Automobil Holding SE 4.833 EUR 228.126 241.698 0,02

ProSiebenSat.1 Media AG 7.738 EUR 199.782 361.868 0,03

RWE AG 17.000 EUR 874.575 199.070 0,02

SAP SE 33.106 EUR 1.186.408 2.429.318 0,22 Siemens AG 26.265 EUR 1.374.353 2.360.698 0,21

Symrise AG 4.000 EUR 196.799 245.320 0,02


331




% Attivo Netto

Telefonica Deutschland Holding AG 23.878 EUR 118.187 116.787 0,01

ThyssenKrupp AG 12.713 EUR 246.589 233.156 0,02 TUI AG 16.127 GBP 201.904 269.383 0,02

United Internet AG 4.372 EUR 34.265 222.579 0,02

Volkswagen AG 1.011 EUR 210.257 143.865 0,01

Volkswagen AG Vorzug. 6.217 EUR 571.428 831.524 0,08 Vonovia SE 15.973 EUR 426.242 456.029 0,04

Zalando SE 2.144 EUR 68.843 78.042 0,01

Totale Germania 21.376.083 34.362.450 3,09

HONG KONG

AIA Group Ltd 401.400 HKD 986.670 2.199.429 0,20

Bank of East Asia Ltd 40.399 HKD 80.150 133.725 0,01

BOC Hong Kong Holdings Ltd 123.000 HKD 164.844 343.890 0,03 Cathay Pacific Airways Ltd 34.000 HKD 35.045 53.940 -

CLP Holdings Ltd 68.500 HKD 349.949 532.438 0,05

Galaxy Entertainment Group Ltd 82.000 HKD 158.114 237.500 0,02

Hang Lung Properties Ltd 85.000 HKD 210.727 179.265 0,02 Hang Seng Bank Ltd 26.600 HKD 266.498 465.714 0,04

Henderson Land Development Co Ltd 33.759 HKD 104.151 189.968 0,02

HK Electric Investments & HK Electric Investments Ltd 89.500 HKD 67.610 68.350 0,01

Hong Kong & China Gas Co Ltd 239.782 HKD 205.859 432.568 0,04 Hong Kong Exchanges and Clearing Ltd 38.891 HKD 434.140 916.303 0,08

Hysan Development Co Ltd 29.000 HKD 49.921 108.678 0,01

Link REIT 78.000 HKD 145.753 428.315 0,04

MTR Corp 44.000 HKD 102.277 199.741 0,02 New World Development Co Ltd 170.115 HKD 152.760 154.048 0,01

PCCW Ltd 183.000 HKD 83.801 98.001 0,01

Power Assets Holdings Ltd 43.500 HKD 169.294 363.316 0,03

Sino Land Co Ltd 89.831 HKD 106.104 122.338 0,01 SJM Holdings Ltd 81.845 HKD 97.600 52.248 -

Sun Hung Kai Properties Ltd 58.000 HKD 545.776 643.152 0,06

Swire Pacific Ltd 20.000 HKD 148.331 206.054 0,02

Swire Properties Ltd 43.600 HKD 111.318 115.457 0,01 Techtronic Industries Co Ltd 50.000 HKD 115.669 187.375 0,02

Wharf Holdings Ltd 41.200 HKD 123.381 210.165 0,02

Wheelock & Co Ltd 34.000 HKD 66.060 131.234 0,01

Totale Hong Kong 5.081.802 8.773.212 0,79

IRLANDA

Accenture Plc 20.947 USD 540.507 2.031.841 0,18

Alkermes Plc 5.215 USD 326.554 376.162 0,03 Allergan Plc 13.145 USD 924.701 3.794.808 0,34

Bank of Ireland 943.003 EUR 189.326 320.621 0,03

CRH Plc 26.945 EUR 482.551 722.126 0,07

Eaton Corp Plc 15.675 USD 195.638 755.347 0,07 Endo International Plc 7.234 USD 402.089 413.750 0,04

IBRC* 26.013 EUR 5.645 - -

Ingersoll-Rand Plc 8.720 USD 134.080 446.088 0,04

James Hardie Industries Plc 15.385 AUD 35.820 179.187 0,02 Jazz Pharmaceuticals Plc 1.998 USD 272.692 261.707 0,02

Kerry Group Plc 5.225 EUR 105.887 405.983 0,04

Mallinckrodt Plc 4.000 USD 215.535 278.114 0,03

Medtronic Plc 47.050 USD 910.187 3.342.453 0,30

* Valore ridotto a zero perché la banca è stata nazionalizzata a gennaio del 2009.


332




% Attivo Netto

Pentair Plc 5.627 USD 49.764 257.800 0,02

Perrigo Co Plc 4.779 USD 73.144 636.003 0,06 Ryanair Holdings Plc 6.825 EUR 40.271 104.730 0,01

Seagate Technology Plc 9.738 USD 76.972 331.753 0,03

Tyco International Plc 13.410 USD 292.788 395.659 0,04

Weatherford International Plc 26.836 USD 379.152 202.865 0,02 Willis Group Holdings Plc 4.988 USD 92.737 223.680 0,02

XL Group Plc 10.941 USD 174.675 399.203 0,04

Totale Irlanda 5.920.715 15.879.880 1,45

ISOLA DI MAN

Genting Singapore Plc 158.700 SGD 74.142 80.125 0,01

Totale Isola di Man 74.142 80.125 0,01

ISRAELE

Azrieli Group 1.381 ILS 48.479 47.345 -

Bank Hapoalim BM 34.320 ILS 103.308 160.533 0,01

Bank Leumi Le-Israel BM 37.051 ILS 124.007 116.147 0,01 Bezeq The Israeli Telecommunication Corp Ltd 62.391 ILS 117.362 123.210 0,01

Check Point Software Technologies Ltd 1.896 USD 156.699 143.084 0,01

Delek Group Ltd 244 ILS 39.344 44.472 -

Israel Chemicals Ltd 19.115 ILS 170.875 72.803 0,01 Mizrahi Tefahot Bank Ltd 6.865 ILS 70.259 74.136 0,01

NICE-Systems Ltd 1.879 ILS 45.216 101.127 0,01

Teva Pharmaceutical Industries Ltd 29.312 ILS 1.332.209 1.780.610 0,16

Totale Israele 2.207.758 2.663.467 0,23

ITALIA

Assicurazioni Generali SpA 38.535 EUR 628.551 652.012 0,06

Atlantia SpA 13.063 EUR 169.770 320.044 0,03

Banca Monte dei Paschi di Siena SpA 91.619 EUR 108.929 112.875 0,01 Banco Popolare SC 13.600 EUR 122.400 174.216 0,02

Enel Green Power SpA 68.287 EUR 110.006 128.584 0,01

Enel SpA 246.268 EUR 888.432 958.475 0,08

Eni SpA 84.984 EUR 1.446.794 1.172.779 0,10 EXOR SpA 2.825 EUR 53.673 118.904 0,01

Finmeccanica SpA 14.588 EUR 170.559 188.185 0,02

Intesa Sanpaolo SpA 424.278 EUR 897.493 1.310.171 0,12

Intesa Sanpaolo SpA RNC 33.225 EUR 89.787 94.160 0,01 Luxottica Group SpA 5.917 EUR 129.075 357.387 0,03

Mediobanca SpA* 20.260 EUR 156.563 180.010 0,02

Prysmian SpA 5.396 EUR 61.824 109.323 0,01

Saipem SpA 10.101 EUR 185.785 75.656 0,01 Snam Rete Gas SpA 66.739 EUR 235.396 322.349 0,03

Telecom Italia SpA 357.289 EUR 450.465 419.815 0,04

Telecom Italia SpA RNC 205.989 EUR 193.576 195.896 0,02

Terna Rete Elettrica Nazionale SpA 45.479 EUR 107.916 216.298 0,02 UniCredit SpA 161.171 EUR 1.325.907 827.613 0,07

Unione di Banche Italiane SCpA 30.729 EUR 293.475 190.520 0,02

UnipolSai SpA 37.500 EUR 91.833 88.500 0,01

Totale Italia 7.918.209 8.213.772 0,75

* Si riferisce a parti correlate, come indicato alla Nota 24.


333




% Attivo Netto

GIAPPONE

ABC-Mart Inc 700 JPY 14.023 35.377 - Acom Co Ltd 17.000 JPY 46.275 74.158 0,01

Aeon Co Ltd 20.200 JPY 152.754 286.764 0,03

Aeon Credit Service Co Ltd 3.020 JPY 26.793 62.565 0,01

Aeon Mall Co Ltd 4.180 JPY 54.236 66.202 0,01 Air Water Inc 6.000 JPY 50.666 89.190 0,01

Aisin Seiki Co Ltd 6.100 JPY 100.410 242.917 0,02

Ajinomoto Co Inc 19.000 JPY 123.056 415.784 0,04

Alfresa Holdings Corp 4.400 JPY 35.554 80.420 0,01 All Nippon Airways Co Ltd 38.000 JPY 97.772 101.076 0,01

Alps Electric Co Ltd 5.800 JPY 162.496 146.120 0,01

Amada Holdings Co Ltd 14.000 JPY 59.328 123.845 0,01

Aozora Bank Ltd 32.982 JPY 59.874 106.026 0,01 Asahi Glass Co Ltd 34.000 JPY 189.201 179.839 0,02

Asahi Group Holdings Ltd 13.300 JPY 140.775 383.988 0,03

Asahi Kasei Corp 42.000 JPY 131.110 262.660 0,02

Asics Corp 6.000 JPY 38.022 115.090 0,01 Astellas Pharma Inc 68.910 JPY 361.013 906.779 0,08

Bandai Namco Holdings Inc 6.800 JPY 54.282 132.502 0,01

Bank of Kyoto Ltd 11.000 JPY 74.027 94.464 0,01

Bank of Yokohama Ltd 38.000 JPY 138.722 215.465 0,02 Benesse Holdings Inc 2.700 JPY 75.850 71.612 0,01

Bridgestone Corp 21.700 JPY 287.819 688.350 0,06

Brother Industries Ltd 6.200 JPY 43.258 66.060 0,01

Calbee Inc 3.200 JPY 59.283 125.000 0,01

Canon Inc 35.400 JPY 946.913 988.684 0,09

Casio Computer Co Ltd 5.000 JPY 30.903 108.182 0,01

Central Japan Railway Co 4.700 JPY 257.698 771.522 0,07

Chiba Bank Ltd 25.000 JPY 97.946 164.154 0,01 Chubu Electric Power Co Inc 21.800 JPY 365.552 275.432 0,02

Chugai Pharmaceutical Co Ltd 7.500 JPY 92.620 241.671 0,02

Chugoku Bank Ltd 3.500 JPY 33.429 43.197 -

Chugoku Electric Power Co Inc 11.900 JPY 182.354 144.698 0,01 Citizen Holdings Co Ltd 12.800 JPY 57.187 85.019 0,01

Credit Saison Co Ltd 5.600 JPY 70.239 102.183 0,01

Dai Nippon Printing Co Ltd 17.000 JPY 146.160 155.680 0,01

Daicel Corp 11.000 JPY 38.560 151.645 0,01 Daihatsu Motor Co Ltd 8.000 JPY 52.476 99.769 0,01

Dai-ichi Life Insurance Co Ltd 36.600 JPY 434.245 566.034 0,05

Daiichi Sankyo Co Ltd 21.242 JPY 332.869 405.277 0,04

Daikin Industries Ltd 7.700 JPY 202.027 520.866 0,05 Daito Trust Construction Co Ltd 2.400 JPY 68.144 255.533 0,02

Daiwa House Industry Co Ltd 19.000 JPY 123.131 505.814 0,05

Daiwa Securities Group Inc 59.000 JPY 292.595 333.955 0,03

Denso Corp 15.900 JPY 302.909 703.020 0,06 Dentsu Inc 7.200 JPY 98.962 365.516 0,03

Don Quijote Co Ltd 4.200 JPY 62.816 136.453 0,01

East Japan Railway Co 11.100 JPY 491.898 965.885 0,09

Eisai Co Ltd 8.300 JPY 195.001 508.594 0,05 Electric Power Development Co Ltd 5.000 JPY 107.127 164.344 0,01

FamilyMart Co Ltd 2.000 JPY 45.752 85.725 0,01

FANUC Corp 6.500 JPY 412.433 1.041.312 0,09

Fast Retailing Co Ltd 1.800 JPY 137.305 583.293 0,05 Fuji Electric Co Ltd 15.000 JPY 20.420 58.252 0,01

Fuji Heavy Industries Ltd 19.600 JPY 121.430 748.793 0,07

FUJIFILM Holdings Corp 15.500 JPY 317.824 598.401 0,05


334




% Attivo Netto

Fujitsu Ltd 60.000 JPY 249.205 276.736 0,03

Fukuoka Financial Group Inc 28.000 JPY 77.694 128.739 0,01 GungHo Online Entertainment Inc 12.000 JPY 119.244 30.004 -

Gunma Bank Ltd 10.000 JPY 40.910 53.730 -

Hachijuni Bank Ltd 10.000 JPY 42.643 56.618 0,01

Hakuhodo DY Holdings Inc 4.000 JPY 14.715 40.096 - Hamamatsu Photonics KK 4.400 JPY 52.562 111.518 0,01

Hankyu Hanshin Holdings Inc 35.000 JPY 135.483 209.866 0,02

Hino Motors Ltd 7.800 JPY 22.591 83.522 0,01

Hirose Electric Co Ltd 1.155 JPY 82.355 129.558 0,01 Hiroshima Bank Ltd 14.000 JPY 44.927 73.732 0,01

Hisamitsu Pharmaceutical Co Inc 2.300 JPY 56.879 89.145 0,01

Hitachi Chemical Co Ltd 4.800 JPY 56.705 70.623 0,01

Hitachi Construction Machinery Co Ltd 2.700 JPY 33.090 38.945 - Hitachi High-Technologies Corp 3.000 JPY 38.168 75.009 0,01

Hitachi Ltd 160.000 JPY 535.001 840.832 0,08

Hitachi Metals Ltd 5.000 JPY 36.514 57.188 0,01

Hokuhoku Financial Group Inc 28.000 JPY 43.035 52.772 - Hokuriku Electric Power Co 5.600 JPY 92.950 76.392 0,01

Honda Motor Co Ltd 54.100 JPY 1.140.909 1.607.574 0,15

Hoshizaki Electric Co Ltd 1.000 JPY 66.416 57.454 0,01

Hoya Corp 13.600 JPY 190.564 514.816 0,05 Hulic Co Ltd 7.000 JPY 27.879 56.869 0,01

Idemitsu Kosan Co Ltd 600 JPY 9.596 8.837 -

IHI Corp 53.000 JPY 71.061 135.738 0,01

Iida Group Holdings Co Ltd 5.500 JPY 77.924 94.464 0,01

Inpex Corp 33.400 JPY 375.716 300.916 0,03

Isetan Mitsukoshi Holdings Ltd 10.380 JPY 74.036 125.112 0,01

Isuzu Motors Ltd 20.600 JPY 88.763 205.712 0,02

ITOCHU Corp 52.100 JPY 226.736 570.952 0,05 Itochu Techno-Solutions Corp 2.000 JPY 28.581 36.813 -

Iyo Bank Ltd 8.000 JPY 53.713 71.984 0,01

J Front Retailing Co Ltd 7.400 JPY 47.887 99.316 0,01

Japan Airlines Co Ltd 4.200 JPY 75.271 139.038 0,01 Japan Airport Terminal Co Ltd 1.400 JPY 74.578 57.667 0,01

Japan Exchange Group Inc 18.990 JPY 120.976 275.648 0,02

Japan Post Bank Co Ltd 13.900 JPY 187.551 184.863 0,02

Japan Post Holdings Co Ltd 15.500 JPY 225.075 219.689 0,02 Japan Prime Realty Investment Corp 36 JPY 56.080 112.992 0,01

Japan Real Estate Investment Corp 48 JPY 154.287 214.129 0,02

Japan Retail Fund Investment Corp 92 JPY 76.288 162.348 0,01

Japan Tobacco Inc 36.753 JPY 512.226 1.248.804 0,11 JFE Holdings Inc 15.700 JPY 349.226 229.086 0,02

JGC Corp 8.000 JPY 80.012 113.266 0,01

Joyo Bank Ltd 16.000 JPY 53.946 69.917 0,01

JSR Corp 4.800 JPY 50.614 69.273 0,01 JTEKT Corp 7.200 JPY 53.064 109.709 0,01

JX Holdings Inc 75.310 JPY 277.342 290.975 0,03

Kajima Corp 34.000 JPY 72.311 187.074 0,02

Kakaku.com Inc 6.100 JPY 85.379 110.982 0,01 Kamigumi Co Ltd 6.000 JPY 31.714 47.787 -

Kaneka Corp 9.000 JPY 42.909 86.523 0,01

Kansai Electric Power Co Inc 21.800 JPY 353.739 241.801 0,02

Kansai Paint Co Ltd 9.000 JPY 39.664 126.193 0,01 Kao Corp 16.500 JPY 276.478 784.347 0,07

Kawasaki Heavy Industries Ltd 39.000 JPY 59.600 133.968 0,01

KDDI Corp 58.300 JPY 458.869 1.397.420 0,13


335




% Attivo Netto

Keihan Electric Railway Co Ltd 18.000 JPY 101.083 111.214 0,01

Keikyu Corp 17.000 JPY 90.728 129.583 0,01 Keio Corp 22.000 JPY 94.613 175.553 0,02

Keisei Electric Railway Co Ltd 6.000 JPY 23.034 70.677 0,01

Keyence Corp 1.565 JPY 236.749 797.819 0,07

Kikkoman Corp 5.000 JPY 91.740 160.544 0,01 Kintetsu Group Holdings Co Ltd 64.000 JPY 186.236 239.786 0,02

Kirin Holdings Co Ltd 25.600 JPY 219.365 320.525 0,03

Kobe Steel Ltd 98.000 JPY 119.859 99.055 0,01

Koito Manufacturing Co Ltd 4.000 JPY 45.408 152.298 0,01 Komatsu Ltd 29.400 JPY 330.569 445.075 0,04

Konami Corp 3.700 JPY 61.628 81.207 0,01

Konica Minolta Holdings Inc 16.000 JPY 119.930 148.589 0,01

Kose Corp 1.300 JPY 122.308 111.343 0,01 Kubota Corp 38.000 JPY 177.790 545.233 0,05

Kuraray Co Ltd 12.900 JPY 85.948 144.309 0,01

Kurita Water Industries Ltd 2.600 JPY 42.409 50.208 -

Kyocera Corp 11.000 JPY 315.824 472.656 0,04 Kyowa Hakko Kirin Co Ltd 8.520 JPY 55.255 123.995 0,01

Kyushu Electric Power Co Inc 14.400 JPY 229.157 145.221 0,01

Kyushu Financial Group Inc 9.000 JPY 64.701 57.933 0,01

Lawson Inc 2.500 JPY 76.383 187.143 0,02 LIXIL Group Corp 9.324 JPY 96.945 191.321 0,02

M3 Inc 6.200 JPY 61.586 118.832 0,01

Mabuchi Motor Co Ltd 2.200 JPY 44.861 111.017 0,01

Makita Corp 4.500 JPY 79.414 240.417 0,02

Marubeni Corp 55.600 JPY 172.015 264.132 0,02

Marui Group Co Ltd 7.500 JPY 48.384 112.742 0,01

Maruichi Steel Tube Ltd 2.500 JPY 46.501 68.207 0,01

Mazda Motor Corp 17.800 JPY 158.188 341.434 0,03 McDonald's Holdings Co Japan Ltd 1.300 JPY 17.809 25.885 -

Medipal Holdings Corp 3.600 JPY 47.168 56.742 0,01

MEIJI Holdings Co Ltd 4.382 JPY 57.036 334.684 0,03

Minebea Co Ltd 11.000 JPY 148.157 87.693 0,01 Miraca Holdings Inc 1.800 JPY 49.148 73.185 0,01

Mitsubishi Chemical Holdings Corp 42.500 JPY 149.408 250.089 0,02

Mitsubishi Corp 45.200 JPY 611.075 696.632 0,06

Mitsubishi Electric Corp 66.000 JPY 304.862 643.277 0,06 Mitsubishi Estate Co Ltd 41.000 JPY 483.196 786.292 0,07

Mitsubishi Gas Chemical Co Inc 8.000 JPY 31.618 37.816 -

Mitsubishi Heavy Industries Ltd 99.000 JPY 304.677 401.239 0,04

Mitsubishi Logistics Corp 4.000 JPY 30.890 48.790 - Mitsubishi Materials Corp 43.000 JPY 103.094 125.486 0,01

Mitsubishi Motors Corp 19.400 JPY 207.716 151.857 0,01

Mitsubishi Tanabe Pharma Corp 8.100 JPY 68.346 129.025 0,01

Mitsubishi UFJ Financial Group Inc 424.720 JPY 1.925.558 2.443.728 0,22 Mitsubishi UFJ Lease & Finance Co Ltd 14.000 JPY 30.291 66.817 0,01

Mitsui & Co Ltd 56.600 JPY 554.295 621.772 0,06

Mitsui Chemicals Inc 27.000 JPY 74.937 111.214 0,01

Mitsui Fudosan Co Ltd 31.000 JPY 353.482 719.966 0,07 Mitsui OSK Lines Ltd 41.000 JPY 207.942 95.658 0,01

Mixi Inc 1.700 JPY 65.805 58.784 0,01

Mizuho Financial Group Inc 774.480 JPY 1.370.621 1.433.197 0,13

MS&AD Insurance Group Holdings Inc 16.423 JPY 314.028 445.572 0,04 Murata Manufacturing Co Ltd 6.800 JPY 229.239 907.983 0,08

Nabtesco Corp 3.800 JPY 53.911 71.562 0,01

Nagoya Railroad Co Ltd 31.000 JPY 116.972 118.973 0,01


336




% Attivo Netto

NEC Corp 80.000 JPY 247.395 234.071 0,02

Nexon Co Ltd 5.600 JPY 71.305 84.223 0,01 NGK Insulators Ltd 10.000 JPY 132.255 209.296 0,02

NGK Spark Plug Co Ltd 6.100 JPY 44.973 149.042 0,01

NH Foods Ltd 6.000 JPY 53.599 108.433 0,01

NHK Spring Co Ltd 3.000 JPY 21.011 27.861 - Nidec Corp 7.400 JPY 144.539 496.974 0,04

Nikon Corp 8.800 JPY 109.052 108.676 0,01

Nintendo Co Ltd 3.500 JPY 776.167 445.666 0,04

Nippon Building Fund Inc 49 JPY 160.241 214.867 0,02 Nippon Electric Glass Co Ltd 8.500 JPY 60.135 39.598 -

Nippon Express Co Ltd 29.000 JPY 88.310 126.064 0,01

Nippon Paint Holdings Co Ltd 5.200 JPY 61.177 116.896 0,01

Nippon Prologis REIT Inc 55 JPY 73.439 91.329 0,01 Nippon Steel Corp 26.224 JPY 660.881 481.496 0,04

Nippon Telegraph & Telephone Corp 25.200 JPY 402.301 926.155 0,07

Nippon Yusen KK 54.000 JPY 187.200 121.063 0,01

Nissan Motor Co Ltd 84.700 JPY 387.324 823.608 0,07 Nisshin Seifun Group Inc 7.600 JPY 80.938 114.765 0,01

Nissin Foods Holdings Co Ltd 2.200 JPY 48.626 107.505 0,01

Nitori Holdings Co Ltd 2.600 JPY 84.515 202.137 0,02

Nitto Denko Corp 5.400 JPY 149.409 365.734 0,03 NOK Corp 3.100 JPY 34.125 67.332 0,01

Nomura Holdings Inc 118.152 JPY 693.317 609.778 0,06

Nomura Real Estate Holdings Inc 3.500 JPY 44.902 59.981 0,01

Nomura Real Estate Master Fund Inc 86 JPY 98.061 97.644 0,01

Nomura Research Institute Ltd 4.070 JPY 54.004 144.447 0,01

NSK Ltd 17.000 JPY 72.143 171.313 0,02

NTT Data Corp 4.200 JPY 114.633 187.682 0,02

NTT DOCOMO Inc 47.000 JPY 563.211 887.251 0,08 NTT Urban Development Corp 6.000 JPY 46.371 53.350 -

Obayashi Corp 20.000 JPY 98.784 170.081 0,02

Obic Co Ltd 2.200 JPY 110.644 107.673 0,01

Odakyu Electric Railway Co Ltd 19.000 JPY 110.401 189.012 0,02 OJI Paper Co Ltd 28.000 JPY 92.843 104.055 0,01

Olympus Corp 9.100 JPY 146.317 331.955 0,03

Omron Corp 7.000 JPY 78.922 216.250 0,02

Ono Pharmaceutical Co Ltd 2.700 JPY 91.571 445.062 0,04 Oracle Corp Japan 900 JPY 25.553 38.645 -

Oriental Land Co Ltd 6.400 JPY 120.185 356.858 0,03

ORIX Corp 43.400 JPY 304.601 565.819 0,05

Osaka Gas Co Ltd 62.000 JPY 150.153 206.566 0,02 Otsuka Corp 2.400 JPY 34.260 108.706 0,01

Otsuka Holdings Co Ltd 13.200 JPY 278.443 433.065 0,04

Panasonic Corp 74.033 JPY 789.537 697.941 0,06

Park24 Co Ltd 4.600 JPY 59.744 102.394 0,01 Rakuten Inc 30.400 JPY 165.940 324.137 0,03

Recruit Holdings Co Ltd 5.100 JPY 134.985 137.980 0,01

Resona Holdings Inc 68.900 JPY 423.085 309.564 0,03

Ricoh Co Ltd 22.900 JPY 249.571 217.716 0,02 Rinnai Corp 1.400 JPY 41.443 114.695 0,01

Rohm Co Ltd 3.100 JPY 160.884 145.595 0,01

Ryohin Keikaku Co Ltd 700 JPY 138.956 131.080 0,01

Sankyo Co Ltd 2.000 JPY 74.941 68.777 0,01 Sanrio Co Ltd 1.600 JPY 60.939 34.655 -

Santen Pharmaceutical Co Ltd 14.800 JPY 108.042 225.626 0,02

SBI Holdings Inc 9.340 JPY 118.823 93.766 0,01


337




% Attivo Netto

Secom Co Ltd 7.100 JPY 214.895 444.613 0,04

Sega Sammy Holdings Inc 8.012 JPY 86.372 69.109 0,01 Seibu Holdings Inc 4.300 JPY 97.809 81.076 0,01

Seiko Epson Corp 10.000 JPY 108.505 142.115 0,01

Sekisui Chemical Co Ltd 12.000 JPY 49.156 145.094 0,01

Sekisui House Ltd 19.800 JPY 159.759 307.945 0,03 Seven & i Holdings Co Ltd 24.660 JPY 490.972 1.040.119 0,09

Seven Bank Ltd 26.500 JPY 53.951 107.342 0,01

Shikoku Electric Power Co Inc 3.700 JPY 71.558 53.426 -

Shimadzu Corp 7.000 JPY 38.361 108.790 0,01 Shimamura Co Ltd 1.100 JPY 55.904 119.209 0,01

Shimano Inc 2.800 JPY 62.618 397.069 0,04

Shimizu Corp 22.000 JPY 71.491 165.522 0,01

Shin-Etsu Chemical Co Ltd 13.400 JPY 507.897 673.849 0,06 Shinsei Bank Ltd 64.545 JPY 87.813 109.877 0,01

Shionogi & Co Ltd 9.400 JPY 131.345 393.119 0,04

Shiseido Co Ltd 10.800 JPY 133.313 207.572 0,02

Shizuoka Bank Ltd 15.000 JPY 105.443 134.743 0,01 Showa Shell Sekiyu KK 6.300 JPY 36.232 47.304 -

SMC Corp 1.800 JPY 144.508 434.597 0,04

SoftBank Group Corp 32.100 JPY 410.679 1.497.613 0,14

Sohgo Security Services Co Ltd 1.400 JPY 63.637 60.646 0,01 Sompo Japan Nipponkoa Holdings Inc 10.850 JPY 228.305 330.734 0,03

Sony Corp 42.000 JPY 982.872 958.201 0,09

Sony Financial Holdings Inc 6.600 JPY 78.061 109.294 0,01

Stanley Electric Co Ltd 5.100 JPY 55.911 103.563 0,01

Sumitomo Chemical Co Ltd 50.000 JPY 168.445 266.370 0,02

Sumitomo Corp 38.400 JPY 277.411 362.014 0,03

Sumitomo Dainippon Pharma Co Ltd 6.600 JPY 41.002 71.776 0,01

Sumitomo Electric Industries Ltd 23.900 JPY 174.989 313.135 0,03 Sumitomo Heavy Industries Ltd 16.000 JPY 47.573 66.634 0,01

Sumitomo Metal Mining Co Ltd 14.000 JPY 116.599 157.413 0,01

Sumitomo Mitsui Financial Group Inc 42.400 JPY 1.310.425 1.484.180 0,13

Sumitomo Mitsui Trust Holdings Inc 112.670 JPY 310.714 394.735 0,04 Sumitomo Realty & Development Co Ltd 12.000 JPY 153.666 316.908 0,03

Sumitomo Rubber Industries Ltd 5.400 JPY 32.002 64.882 0,01

Suntory Beverage & Food Ltd 4.300 JPY 130.455 173.851 0,02

Suruga Bank Ltd 7.000 JPY 49.638 133.686 0,01 Suzuken Co Ltd 1.926 JPY 35.329 67.696 0,01

Suzuki Motor Corp 12.200 JPY 184.910 343.329 0,03

Sysmex Corp 5.300 JPY 107.374 315.380 0,03

T&D Holdings Inc 17.400 JPY 191.484 212.766 0,02 Taiheiyo Cement Corp 46.000 JPY 75.323 123.754 0,01

Taisei Corp 37.000 JPY 60.641 224.951 0,02

Taisho Pharmaceutical Holdings Co Ltd 900 JPY 45.345 58.685 0,01

Takashimaya Co Ltd 11.000 JPY 62.857 91.455 0,01 Takeda Pharmaceutical Co Ltd 26.200 JPY 846.266 1.207.616 0,10

TDK Corp 3.700 JPY 141.357 219.890 0,02

Teijin Ltd 30.000 JPY 67.373 94.616 0,01

Terumo Corp 9.800 JPY 139.928 281.524 0,03 THK Co Ltd 5.100 JPY 64.676 87.517 0,01

Tobu Railway Co Ltd 40.000 JPY 145.602 181.785 0,02

Toho Co Ltd 3.500 JPY 40.581 89.373 0,01

Toho Gas Co Ltd 11.000 JPY 38.294 65.623 0,01 Tohoku Electric Power Co Inc 13.200 JPY 208.902 152.481 0,01

Tokio Marine Holdings Inc 22.200 JPY 439.750 794.978 0,07

Tokyo Electric Power Co Inc 53.635 JPY 857.267 284.920 0,03


338




% Attivo Netto

Tokyo Electron Ltd 5.200 JPY 188.154 289.354 0,03

Tokyo Gas Co Ltd 83.000 JPY 261.860 360.047 0,03 Tokyo Tatemono Co Ltd 8.000 JPY 95.884 80.435 0,01

Tokyu Corp 35.000 JPY 147.897 255.350 0,02

Tokyu Fudosan Holdings Corp 20.000 JPY 57.584 115.820 0,01

TonenGeneral Sekiyu KK 9.000 JPY 62.257 69.902 0,01 Toppan Printing Co Ltd 21.000 JPY 132.583 178.586 0,02

Toray Industries Inc 47.000 JPY 196.215 403.620 0,04

Toshiba Corp 141.000 JPY 426.634 267.783 0,02

TOTO Ltd 4.500 JPY 42.024 146.541 0,01 Toyo Seikan Kaisha Ltd 7.100 JPY 87.455 122.053 0,01

Toyo Suisan Kaisha Ltd 3.000 JPY 45.147 96.440 0,01

Toyoda Gosei Co Ltd 1.700 JPY 24.882 35.761 -

Toyota Industries Corp 5.200 JPY 100.081 258.056 0,02 Toyota Motor Corp 91.100 JPY 2.574.975 5.184.192 0,46

Toyota Tsusho Corp 7.000 JPY 70.079 151.561 0,01

Trend Micro Inc 2.900 JPY 65.848 108.653 0,01

Unicharm Corp 11.700 JPY 58.777 220.246 0,02 United Urban Investment Corp 70 JPY 69.773 87.245 0,01

USS Co Ltd 8.000 JPY 33.328 111.260 0,01

West Japan Railway Co 5.800 JPY 166.217 369.993 0,03

Yahoo Japan Corp 45.500 JPY 129.430 170.819 0,02 Yakult Honsha Co Ltd 2.700 JPY 37.159 122.294 0,01

Yamada Denki Co Ltd 21.100 JPY 83.643 83.865 0,01

Yamaguchi Financial Group Inc 9.000 JPY 69.873 98.492 0,01

Yamaha Corp 4.600 JPY 43.960 103.093 0,01

Yamaha Motor Co Ltd 10.100 JPY 127.115 210.621 0,02

Yamato Holdings Co Ltd 12.500 JPY 109.214 244.711 0,02

Yamazaki Baking Co Ltd 3.000 JPY 24.849 62.356 0,01

Yaskawa Electric Corp 10.000 JPY 48.040 126.383 0,01 Yokogawa Electric Corp 10.000 JPY 58.767 111.336 0,01

Yokohama Rubber Co Ltd 2.500 JPY 39.519 35.548 -

Totale Giappone 54.954.961 88.089.013 7,98

JERSEY

Delphi Automotive Plc 9.258 USD 220.872 734.125 0,07

Experian Plc 32.068 GBP 230.408 532.608 0,04

Glencore Plc 392.526 GBP 1.341.460 479.082 0,04 Petrofac Ltd 8.342 GBP 76.874 90.023 0,01

Randgold Resources Ltd 3.327 GBP 168.935 190.009 0,02

Shire Plc 20.188 GBP 328.454 1.290.975 0,12

Wolseley Plc 8.977 GBP 180.474 454.122 0,04 WPP Plc 42.921 GBP 283.784 917.621 0,08

Totale Jersey 2.831.261 4.688.565 0,42

LIBERIA Royal Caribbean Cruises Ltd 6.107 USD 108.521 574.859 0,05

Totale Liberia 108.521 574.859 0,05 LUSSEMBURGO

ArcelorMittal 33.497 EUR 815.435 133.084 0,01 Millicom International Cellular SA 2.366 SEK 102.139 125.163 0,01

RTL Group SA 1.610 EUR 146.395 124.051 0,01

SES SA 10.496 EUR 158.461 272.109 0,02

Tenaris SA 16.444 EUR 129.928 179.897 0,02

Totale Lussemburgo 1.352.358 834.304 0,07


339




% Attivo Netto

ISOLE MAURIZIO

Golden Agri-Resources Ltd 306.000 SGD 52.397 67.343 0,01

Totale Isole Maurizio 52.397 67.343 0,01

PAESI BASSI

Aegon NV 60.590 EUR 232.221 318.098 0,03 AerCap Holdings NV 2.043 USD 87.866 80.458 0,01

Akzo Nobel NV 8.153 EUR 243.775 508.013 0,05

Altice NV 16.692 EUR 266.422 215.335 0,02

ASML Holding NV 11.419 EUR 147.505 960.224 0,08

Boskalis Westminster NV 2.552 EUR 34.393 96.159 0,01

Chicago Bridge & Iron Co NV 2.406 USD 135.612 87.413 0,01

CNH Industrial NV 29.672 EUR 26.642 188.120 0,02

Core Laboratories NV 1.127 USD 116.705 110.568 0,01 European Aeronautic Defence and Space Co NV 19.460 EUR 495.167 1.217.807 0,11

Fiat Chrysler Automobiles NV 29.107 EUR 263.913 376.062 0,03

Gemalto NV 2.590 EUR 133.287 144.911 0,01

Heineken Holding NV 3.824 EUR 89.971 275.596 0,02 Heineken NV 8.005 EUR 222.076 638.639 0,06

ING Groep NV 128.697 EUR 796.697 1.623.513 0,15

Koninklijke Ahold NV 29.276 EUR 266.455 582.007 0,05

Koninklijke DSM NV 5.477 EUR 105.592 256.488 0,02 Koninklijke KPN NV 118.031 EUR 467.988 413.935 0,04

Koninklijke Philips Electronics NV 31.218 EUR 410.285 747.203 0,07

Koninklijke Vopak NV 2.394 EUR 64.080 96.454 0,01

LyondellBasell Industries NV 13.289 USD 475.076 1.068.624 0,10 Mobileye NV 1.971 USD 81.363 75.076 0,01

Mylan NV 13.650 USD 210.475 683.157 0,06

NN Group NV 7.836 EUR 208.095 256.943 0,02

NXP Semiconductors NV 3.514 USD 310.902 276.136 0,03 OCI NV 2.321 EUR 63.684 52.025 -

QIAGEN NV 8.043 EUR 102.077 202.000 0,02

Randstad Holding NV 4.087 EUR 80.877 237.741 0,02

RELX NV 33.138 EUR 211.238 517.781 0,05 Sensata Technologies Holding NV 6.191 USD 179.745 260.495 0,02

STMicroelectronics NV 19.722 EUR 180.423 123.696 0,01

TNT Express NV* 18.138 EUR 3 141.440 0,01

Unilever NV 54.261 EUR 1.047.096 2.199.198 0,20 Wolters Kluwer NV 9.714 EUR 113.282 304.631 0,03

Totale Paesi Bassi 7.870.988 15.335.946 1,39

NUOVA ZELANDA Auckland International Airport Ltd 32.256 NZD 22.137 116.008 0,01

Contact Energy Ltd 14.229 NZD 35.891 41.991 -

Fletcher Building Ltd 29.681 NZD 92.535 135.572 0,01

Meridian Energy Ltd 41.100 NZD 51.312 61.032 0,01 Ryman Healthcare Ltd 15.528 NZD 71.285 81.726 0,01

Spark New Zealand Ltd 71.109 NZD 87.105 147.920 0,01

Totale Nuova Zelanda 360.265 584.249 0,05

NORVEGIA

DNB ASA 31.795 NOK 205.982 362.503 0,03

Gjensidige Forsikring ASA 6.851 NOK 60.920 101.088 0,01

Norsk Hydro ASA 45.412 NOK 150.074 156.222 0,01

* Posizione bloccata


340




% Attivo Netto

Orkla ASA 30.815 NOK 188.200 224.301 0,02

Schibsted ASA 1.891 NOK 65.144 57.375 0,01 Schibsted ASA 1.957 NOK 64.718 57.325 0,01

Statoil ASA 37.580 NOK 536.257 482.699 0,04

Telenor ASA 26.126 NOK 165.008 402.313 0,04

Yara International ASA 6.049 NOK 126.152 240.502 0,02

Totale Norvegia 1.562.455 2.084.328 0,19

PANAMA

Carnival Corp 13.945 USD 327.721 703.287 0,06

Totale Panama 327.721 703.287 0,06

PAPUA-NUOVA GUINEA

Oil Search Ltd 39.038 AUD 219.554 174.773 0,02

Totale Papua-Nuova Guinea 219.554 174.773 0,02

PORTOGALLO

Banco Comercial Portugues SA 1.182.999 EUR 137.061 57.139 0,01

EDP - Energias de Portugal SA 70.337 EUR 195.740 231.901 0,02 Galp Energia SGPS SA 12.165 EUR 123.926 131.260 0,01

Jeronimo Martins SGPS SA 10.850 EUR 73.567 131.177 0,01

Totale Portogallo 530.294 551.477 0,05

SINGAPORE

Ascendas Real Estate Investment Trust 65.400 SGD 49.985 95.248 0,01

Avago Technologies Ltd 8.859 USD 280.670 1.196.271 0,11

CapitaLand Commercial Trust 42.300 SGD 43.119 36.963 - CapitaLand Ltd 79.000 SGD 150.019 172.838 0,02

CapitaLand Mall Trust 84.000 SGD 69.852 105.210 0,01

City Developments Ltd 16.000 SGD 73.424 80.263 0,01

ComfortDelGro Corp Ltd 74.000 SGD 50.322 144.655 0,01 DBS Group Holdings Ltd 60.000 SGD 367.326 649.356 0,06

Flextronics International Ltd 21.098 USD 73.287 218.259 0,02

Global Logistic Properties Ltd 93.200 SGD 133.386 128.496 0,01

Hutchison Port Holdings Trust 139.400 USD 97.282 68.336 0,01 Jardine Cycle & Carriage Ltd 3.111 SGD 33.215 69.775 0,01

Keppel Corp Ltd 47.300 SGD 149.391 199.620 0,02

Oversea-Chinese Banking Corp Ltd 105.888 SGD 352.611 606.576 0,05

Sembcorp Industries Ltd 39.000 SGD 57.431 77.247 0,01 Sembcorp Marine Ltd 29.000 SGD 38.732 33.131 -

Singapore Airlines Ltd 21.000 SGD 121.533 152.513 0,01

Singapore Exchange Ltd 23.000 SGD 82.929 114.336 0,01

Singapore Press Holdings Ltd 45.000 SGD 74.412 115.055 0,01 Singapore Technologies Engineering Ltd 48.300 SGD 60.729 95.042 0,01

Singapore Telecommunications Ltd 270.600 SGD 439.968 644.571 0,06

StarHub Ltd 24.000 SGD 25.127 56.702 0,01

Suntec Real Estate Investment Trust 84.600 SGD 108.216 86.795 0,01 United Overseas Bank Ltd 45.000 SGD 338.686 569.449 0,05

UOL Group Ltd 21.675 SGD 47.762 87.406 0,01

Wilmar International Ltd 62.600 SGD 192.408 119.939 0,01

Yangzijiang Shipbuilding Holdings Ltd 41.100 SGD 36.702 28.998 -

Totale Singapore 3.548.524 5.953.050 0,55


341




% Attivo Netto

SPAGNA

Abertis Infraestructuras SA 18.373 EUR 235.137 263.652 0,02 ACS Actividades de Construccion y Servicios SA 5.598 EUR 144.584 150.810 0,01

Aena SA 2.138 EUR 177.618 226.200 0,02

Amadeus IT Holding SA 14.935 EUR 215.587 611.887 0,06

Banco Bilbao Vizcaya Argentaria SA 212.307 EUR 1.912.154 1.451.331 0,13 Banco de Sabadell SA 155.696 EUR 366.670 256.587 0,02

Banco Popular Espanol SA 57.217 EUR 428.412 175.999 0,02

Banco Santander SA 478.266 EUR 3.060.485 2.205.284 0,20

Bankia SA 174.926 EUR 133.230 186.296 0,02 Bankinter SA 19.169 EUR 135.013 127.033 0,01

CaixaBank 82.216 EUR 277.396 266.709 0,02

Distribuidora Internacional de Alimentacion SA 18.802 EUR 59.194 104.483 0,01

Enagas SA 7.328 EUR 100.372 192.836 0,02 Endesa SA 11.317 EUR 204.478 212.420 0,02

Ferrovial SA 14.992 EUR 87.445 313.932 0,03

Gas Natural SDG SA 10.927 EUR 125.297 207.449 0,02

Grifols SA Rights 4.673 EUR 69.017 200.098 0,02 Iberdrola SA 176.273 EUR 915.652 1.160.405 0,11

Industria de Diseno Textil SA 37.446 EUR 339.155 1.198.646 0,11

International Consolidated Airlines Group SA 30.310 EUR 62.162 252.755 0,02

Mapfre SA 34.227 EUR 81.285 80.913 0,01 Red Electrica Corp SA 3.602 EUR 115.731 279.443 0,03

Repsol YPF SA 36.263 EUR 567.195 373.509 0,03

Telefonica SA 150.115 EUR 2.167.643 1.567.200 0,14

Zardoya Otis SA 6.868 EUR 78.148 73.831 0,01

Totale Spagna 12.059.060 12.139.708 1,11

SVEZIA

Alfa Laval AB 9.889 SEK 66.143 166.671 0,02 Assa Abloy AB 34.407 SEK 112.720 665.953 0,06

Atlas Copco AB 36.067 SEK 266.168 798.827 0,07

Boliden AB 8.760 SEK 81.580 136.117 0,01

Electrolux AB Shs B 6.992 SEK 81.934 156.011 0,01 Getinge AB 5.066 SEK 54.664 122.567 0,01

Hennes & Mauritz AB 31.392 SEK 597.425 1.031.209 0,09

Hexagon AB 7.488 SEK 77.197 256.317 0,02

Husqvarna AB Shs B 11.449 SEK 46.537 69.716 0,01 ICA Gruppen AB 2.758 SEK 87.695 92.188 0,01

Industrivarden AB 7.226 SEK 100.869 114.010 0,01

Investor AB 16.251 SEK 220.183 552.390 0,05

Kinnevik Investment AB 8.055 SEK 96.733 229.479 0,02 Lundin Petroleum AB 5.937 SEK 113.417 79.147 0,01

Nordea Bank AB 101.419 SEK 628.459 1.028.911 0,09

Sandvik AB 35.386 SEK 223.529 284.927 0,03

Securitas AB Shs B 11.462 SEK 67.555 162.024 0,01 Skandinaviska Enskilda Banken AB 51.921 SEK 180.920 504.728 0,05

Skanska AB Shs B 13.130 SEK 107.926 235.287 0,02

SKF AB Shs B 13.852 SEK 144.098 206.654 0,02

Svenska Cellulosa AB 20.014 SEK 154.471 536.448 0,05 Svenska Handelsbanken AB 52.312 SEK 301.468 642.203 0,06

Swedbank AB 29.824 SEK 260.481 606.759 0,05

Swedish Match AB 6.090 SEK 72.062 198.795 0,02

Tele2 AB 9.942 SEK 74.717 91.620 0,01 Telefonaktiebolaget LM Ericsson 98.769 SEK 711.030 883.888 0,08

TeliaSonera AB 83.609 SEK 344.284 383.565 0,03

Volvo AB Shs B 51.914 SEK 302.975 446.517 0,04


342




% Attivo Netto

Totale Svezia 5.577.240 10.682.928 0,96

SVIZZERA

ABB Ltd 75.097 CHF 835.367 1.248.016 0,11 ACE Ltd 10.749 USD 330.100 1.164.184 0,11

Actelion Ltd 3.313 CHF 126.106 427.955 0,04

Adecco SA 5.826 CHF 235.426 371.433 0,03

Aryzta AG 3.267 CHF 77.950 154.174 0,01 Baloise Holding AG 1.787 CHF 100.488 210.992 0,02

Barry Callebaut AG 95 CHF 65.829 96.432 0,01

Chocoladefabriken Lindt & Spruengli AG 3 CHF 73.940 207.142 0,02

Chocoladefabriken Lindt & Spruengli AG 30 CHF 40.809 173.636 0,02

Cie Financiere Richemont SA 17.023 CHF 358.571 1.135.697 0,10

Coca-Cola HBC AG 7.844 GBP 106.702 157.038 0,01

Credit Suisse Group AG 59.184 CHF 1.684.780 1.187.832 0,11

Dufry AG 1.494 CHF 184.762 165.891 0,02 EMS-Chemie Holding AG 221 CHF 40.031 90.182 0,01

Galenica AG 106 CHF 147.075 154.384 0,01

Garmin Ltd 4.332 USD 83.960 148.098 0,01

Geberit AG 1.275 CHF 114.751 401.361 0,04 Givaudan SA 294 CHF 127.139 495.935 0,04

Julius Baer Group Ltd 7.802 CHF 180.682 351.293 0,03

Kuehne + Nagel International AG 1.926 CHF 107.739 245.582 0,02

LafargeHolcim Ltd 14.221 CHF 700.049 661.895 0,06 Lonza Group AG 1.690 CHF 139.827 255.054 0,02

Nestle SA 106.204 CHF 3.165.608 7.326.214 0,66

Novartis AG 75.794 CHF 2.512.492 6.087.594 0,55

Pargesa Holding SA 1.424 CHF 64.766 83.671 0,01 Partners Group Holding AG 525 CHF 77.509 175.492 0,02

Roche Holding AG 23.402 CHF 2.425.086 5.985.247 0,54

Schindler Holding AG 456 CHF 19.543 71.309 0,01

Schindler Holding AG Partic. 1.378 CHF 62.632 214.215 0,02 SGS SA 193 CHF 159.352 341.279 0,03

Sika AG 80 CHF 97.329 267.972 0,02

Sonova Holding AG 1.770 CHF 102.879 208.494 0,02

Sulzer AG 432 CHF 54.353 37.715 - Swatch Group AG 1.023 CHF 135.085 331.500 0,03

Swatch Group AG Nam. 1.584 CHF 36.726 99.668 0,01

Swiss Life Holding AG 1.031 CHF 97.717 258.821 0,02

Swiss Prime Site AG 2.319 CHF 148.098 168.446 0,02 Swiss Re AG 11.704 CHF 320.700 1.062.957 0,10

Swisscom AG 916 CHF 238.625 426.339 0,04

Syngenta AG 3.077 CHF 547.252 1.116.958 0,10

TE Connectivity Ltd 13.156 USD 218.295 789.468 0,07 Transocean Ltd 13.961 CHF 738.921 161.480 0,01

UBS Group AG 121.374 CHF 1.230.467 2.192.283 0,20

Zurich Insurance Group AG 4.954 CHF 646.295 1.184.512 0,11

Totale Svizzera 18.961.813 38.095.840 3,44

REGNO UNITO

3i Group Plc 36.306 GBP 119.950 238.435 0,02

Aberdeen Asset Management Plc 35.643 GBP 108.232 140.003 0,01 Admiral Group Plc 7.246 GBP 79.146 163.679 0,01

Aggreko Plc 8.300 GBP 129.044 103.502 0,01

Amec Foster Wheeler Plc 12.739 GBP 86.057 75.853 0,01

Anglo American Plc 50.512 GBP 980.507 207.195 0,02 Antofagasta Plc 14.950 GBP 98.355 95.927 0,01

Aon Plc 9.284 USD 309.588 795.735 0,07


343




% Attivo Netto

ARM Holdings Plc 46.278 GBP 202.056 657.917 0,06

Ashtead Group Plc 16.000 GBP 212.831 244.646 0,02 Associated British Foods Plc 11.645 GBP 103.493 534.643 0,05

AstraZeneca Plc 41.753 GBP 1.365.675 2.619.499 0,24

Auto Trader Group Plc 18.342 GBP 106.735 110.163 0,01

Aviva Plc 133.031 GBP 641.288 938.394 0,08 Babcock International Group Plc 7.220 GBP 58.732 99.602 0,01

BAE Systems Plc 103.212 GBP 464.906 709.114 0,06

Barclays Plc 561.150 GBP 1.723.061 1.683.240 0,15

Barratt Developments Plc 33.342 GBP 276.083 286.400 0,03 BG Group Plc 113.775 GBP 1.306.743 1.533.220 0,14

BHP Billiton Plc 69.882 GBP 1.099.010 722.415 0,07

BP Plc 604.284 GBP 3.511.368 2.916.875 0,26

British American Tobacco Plc 61.942 GBP 1.224.781 3.190.303 0,29 British Land Co Plc 32.788 GBP 160.380 350.938 0,03

British Sky Broadcasting Group Plc 33.942 GBP 241.426 518.062 0,05

BT Group Plc 278.811 GBP 545.542 1.782.930 0,16

Bunzl Plc 10.769 GBP 75.716 277.510 0,03 Burberry Group Plc 14.740 GBP 62.687 242.408 0,02

Capita Plc 22.396 GBP 181.845 371.056 0,03

Capital Shopping Centres Group Plc 35.794 GBP 120.409 156.407 0,01

Carnival Plc 5.740 GBP 127.788 303.555 0,03 Centrica Plc 167.513 GBP 478.545 502.932 0,05

Cobham Plc 40.885 GBP 87.099 159.259 0,01

Compass Group Plc 54.426 GBP 258.218 881.014 0,08

Croda International Plc 4.122 GBP 129.711 171.489 0,02

Diageo Plc 84.142 GBP 946.249 2.149.985 0,19

Direct Line Insurance Group Plc 48.991 GBP 171.797 274.866 0,02

Dixons Carphone Plc 36.916 GBP 156.242 250.469 0,02

easyJet Plc 5.245 GBP 78.025 124.325 0,01 Ensco Plc 7.871 USD 358.343 107.389 0,01

Fresnillo Plc 8.363 GBP 65.968 80.645 0,01

G4S Plc 54.183 GBP 129.981 167.684 0,02

GKN Plc 53.815 GBP 123.448 226.156 0,02 GlaxoSmithKline Plc 163.517 GBP 2.418.243 3.075.841 0,28

Hammerson Plc 27.936 GBP 102.739 230.472 0,02

Hargreaves Lansdown Plc 7.627 GBP 71.438 156.322 0,01

HSBC Holdings Plc 651.592 GBP 4.209.189 4.762.789 0,43 ICAP Plc 20.761 GBP 87.744 144.190 0,01

IMI Plc 9.247 GBP 116.911 108.336 0,01

Imperial Tobacco Group Plc 31.881 GBP 644.031 1.554.926 0,14

Inmarsat Plc 14.618 GBP 105.410 226.494 0,02 InterContinental Hotels Group Plc 7.785 GBP 70.693 280.394 0,03

Intertek Group Plc 4.480 GBP 91.557 170.247 0,02

Investec Plc 14.293 GBP 62.767 94.237 0,01

ITV Plc 127.960 GBP 83.794 480.877 0,04 J Sainsbury Plc 49.579 GBP 205.970 176.346 0,02

Johnson Matthey Plc 6.798 GBP 105.001 248.911 0,02

Kingfisher Plc 80.303 GBP 159.467 364.320 0,03

Land Securities Group Plc 26.262 GBP 199.014 424.042 0,04 Legal & General Group Plc 191.622 GBP 191.513 702.150 0,06

Liberty Global Plc - A 8.445 USD 94.517 312.930 0,03

Liberty Global Plc - C 20.778 USD 47.613 736.231 0,07

Lloyds Banking Group Plc 1.927.952 GBP 2.084.154 1.928.585 0,17 London Stock Exchange Group Plc 10.496 GBP 160.168 392.303 0,04

Marks & Spencer Group Plc 55.030 GBP 206.069 341.508 0,03

Meggitt Plc 25.421 GBP 113.681 130.602 0,01


344




% Attivo Netto

Melrose Industries Plc 39.237 GBP 139.013 156.786 0,01

Merlin Entertainments Plc 27.517 GBP 155.819 170.542 0,02 Mondi Plc 12.344 GBP 254.822 226.828 0,02

National Grid Plc 125.539 GBP 762.017 1.622.647 0,15

Next Plc 4.769 GBP 71.711 471.547 0,04

Nielsen Holdings Plc 12.206 USD 338.150 526.110 0,05 Old Mutual Plc 167.818 GBP 216.915 413.068 0,04

Pearson Plc 28.402 GBP 241.701 285.657 0,03

Persimmon Plc 11.006 GBP 190.771 304.859 0,03

Provident Financial Plc 4.129 GBP 211.363 188.560 0,02 Prudential Plc 86.284 GBP 541.237 1.813.028 0,16

Reckitt Benckiser Group Plc 21.280 GBP 631.524 1.825.012 0,17

RELX Plc 35.992 GBP 236.687 588.486 0,05

Rexam Plc 26.626 GBP 116.788 218.941 0,02 Rio Tinto Plc 42.570 GBP 1.249.238 1.133.451 0,10

Rolls-Royce Holdings Plc 59.240 GBP 267.674 466.588 0,04

Royal Bank of Scotland Group Plc 113.132 GBP 1.436.528 465.593 0,04

Royal Dutch Shell Plc A shs 130.508 GBP 2.056.418 2.740.504 0,25 Royal Dutch Shell Plc B shs 81.206 GBP 1.643.084 1.725.091 0,16

Royal Mail Plc 25.044 GBP 175.841 152.832 0,01

RSA Insurance Group Plc 29.845 GBP 237.178 174.991 0,02

SABMiller Plc 32.253 GBP 439.325 1.779.977 0,16 Sage Group Plc 33.705 GBP 88.847 279.898 0,03

Schroders Plc 4.430 GBP 111.225 180.329 0,02

Segro Plc 22.683 GBP 94.796 133.769 0,01

Severn Trent Plc 7.379 GBP 97.475 220.941 0,02

Smith & Nephew Plc 31.186 GBP 188.751 513.721 0,05

Smiths Group Plc 14.568 GBP 163.707 189.585 0,02

Sports Direct International Plc 10.337 GBP 100.437 80.012 0,01

SSE Plc 32.854 GBP 381.469 689.446 0,06 St James's Place Plc 17.980 GBP 236.322 247.795 0,02

Standard Chartered Plc 108.070 GBP 1.203.012 831.502 0,08

Standard Life Plc 71.359 GBP 225.870 382.808 0,03

Tate & Lyle Plc 13.030 GBP 103.833 107.055 0,01 Taylor Wimpey Plc 109.354 GBP 280.691 302.606 0,03

Tesco Plc 280.951 GBP 1.117.100 574.879 0,05

Travis Perkins Plc 9.178 GBP 173.651 248.112 0,02

Unilever Plc 42.582 GBP 728.321 1.701.525 0,15 United Utilities Group Plc 21.893 GBP 160.783 281.489 0,03

Vodafone Group Plc 875.459 GBP 2.623.579 2.587.974 0,23

Weir Group Plc 5.699 GBP 118.824 76.722 0,01

Whitbread Plc 6.092 GBP 64.869 368.124 0,03 William Hill Plc 32.191 GBP 167.428 174.746 0,02

Wm Morrison Supermarkets Plc 70.285 GBP 233.550 144.151 0,01

Totale Regno Unito 50.617.087 71.977.179 6,52

3M Co 20.862 USD 1.060.607 2.903.877 0,26

Abbott Laboratories 49.846 USD 1.824.039 2.067.649 0,19

AbbVie Inc 55.111 USD 259.933 3.019.781 0,27 Activision Blizzard Inc 17.671 USD 146.567 638.446 0,06

Acuity Brands Inc 1.460 USD 235.037 315.625 0,03

Adobe Systems Inc 16.557 USD 348.846 1.445.504 0,13

ADT Corp 5.640 USD - 174.107 0,02 Advance Auto Parts Inc 2.427 USD 77.870 336.691 0,03

AES Corp 24.600 USD 166.288 214.138 0,02


345




% Attivo Netto

Aetna Inc 11.644 USD 236.074 1.162.213 0,11

Affiliated Managers Group Inc 1.784 USD 148.758 262.757 0,02 Aflac Inc 14.602 USD 362.877 809.743 0,07

AGCO Corp 2.331 USD 48.301 98.742 0,01

Agilent Technologies Inc 11.614 USD 198.040 448.767 0,04

AGL Resources Inc 3.393 USD 201.007 198.416 0,02 Air Products & Chemicals Inc 7.030 USD 383.376 851.961 0,08

Airgas Inc 2.141 USD 69.150 271.786 0,02

Akamai Technologies Inc 5.601 USD 107.953 271.492 0,02

Albemarle Corp 4.012 USD 199.403 207.116 0,02 Alcoa Inc 45.605 USD 518.693 416.205 0,04

Alexion Pharmaceuticals Inc 7.535 USD 344.818 1.320.860 0,12

Alleghany Corp 564 USD 145.074 250.075 0,02

Alliance Data Systems Corp 2.015 USD 66.137 511.011 0,05 Alliant Energy Corp 4.323 USD 119.856 251.335 0,02

Allstate Corp 13.259 USD 296.806 763.090 0,07

Ally Financial Inc 15.411 USD 286.826 263.216 0,02

Alnylam Pharmaceuticals Inc 2.541 USD 303.838 220.048 0,02 Alphabet Inc A 9.680 USD 3.266.710 7.009.762 0,62

Alphabet Inc C 10.338 USD 508.517 7.303.430 0,66

Altria Group Inc 65.231 USD 1.079.775 3.514.530 0,32

Amazon.com Inc 13.277 USD 1.121.370 8.382.996 0,76 AMERCO 178 USD 68.324 63.327 0,01

Ameren Corp 7.740 USD 178.201 312.054 0,03

American Airlines Group Inc 5.416 USD 159.337 212.402 0,02

American Capital Agency Corp 11.248 USD 295.007 179.333 0,02

American Electric Power Co Inc 16.023 USD 377.621 864.759 0,08

American Express Co 30.097 USD 626.107 1.934.856 0,18

American International Group Inc 42.919 USD 1.966.259 2.458.301 0,22

American Tower Corp 13.976 USD 383.133 1.256.284 0,11 American Water Works Co Inc 6.015 USD 129.245 333.172 0,03

Ameriprise Financial Inc 5.977 USD 118.288 587.595 0,05

AmerisourceBergen Corp 7.018 USD 94.775 675.338 0,06

AMETEK Inc 7.683 USD 132.369 381.422 0,03 Amgen Inc 25.293 USD 1.087.606 3.784.390 0,34

Amphenol Corp 10.113 USD 167.645 490.476 0,04

Anadarko Petroleum Corp 17.664 USD 627.606 783.052 0,07

Analog Devices Inc 10.243 USD 245.365 530.757 0,05 Annaly Capital Management Inc 31.234 USD 378.846 268.166 0,02

ANSYS Inc 3.307 USD 165.635 283.990 0,03

Antero Resources Corp 1.562 USD 64.386 30.786 -

Anthem Inc 8.849 USD 292.845 1.142.947 0,10 Apache Corp 12.289 USD 718.612 504.577 0,05

Apple Inc 190.428 USD 2.979.575 18.726.103 1,70

Applied Materials Inc 40.213 USD 418.382 698.620 0,06

Aramark 7.460 USD 212.171 221.404 0,02 Archer-Daniels-Midland Co 21.120 USD 422.565 713.708 0,06

Arrow Electronics Inc 3.249 USD 53.343 164.780 0,01

Arthur J Gallagher & Co 5.537 USD 244.717 209.943 0,02

Ashland Inc 1.924 USD 131.981 183.594 0,02 Assurant Inc 2.535 USD 59.849 189.007 0,02

AT&T Inc 205.397 USD 3.567.476 6.538.225 0,59

Autodesk Inc 7.662 USD 117.988 437.036 0,04

Autoliv Inc 3.102 USD 175.008 358.619 0,03 Automatic Data Processing Inc 15.659 USD 466.075 1.239.405 0,11

AutoNation Inc 2.145 USD 98.912 118.478 0,01

AutoZone Inc 1.014 USD 186.070 697.001 0,06


346




% Attivo Netto

AvalonBay Communities Inc 4.287 USD 314.599 727.967 0,07

Avery Dennison Corp 2.850 USD 74.794 165.409 0,01 Avnet Inc 4.627 USD 77.968 185.487 0,02

B/E Aerospace Inc 2.970 USD 190.709 116.802 0,01

Baker Hughes Inc 14.127 USD 452.310 592.341 0,05

Ball Corp 4.809 USD 123.839 323.126 0,03 Bank of America Corp 348.561 USD 3.964.521 5.445.517 0,49

Bank of New York Mellon Corp 36.950 USD 869.925 1.397.623 0,13

Baxalta Inc 17.434 USD - 624.611 0,06

Baxter International Inc 17.434 USD 693.512 607.838 0,06 BB&T Corp 25.732 USD 519.437 899.978 0,08

Becton Dickinson and Co 6.833 USD 446.023 973.155 0,09

Bed Bath & Beyond Inc 5.596 USD 123.466 249.252 0,02

Berkshire Hathaway Inc 39.796 USD 2.321.978 4.859.316 0,44 Best Buy Co Inc 10.723 USD 311.993 299.283 0,03

Biogen Inc 7.875 USD 432.133 2.224.930 0,20

BioMarin Pharmaceutical Inc 5.635 USD 311.537 546.125 0,05

BlackRock Inc 4.098 USD 553.239 1.284.392 0,12 Boeing Co 21.557 USD 858.404 2.891.978 0,26

BorgWarner Inc 7.664 USD 89.672 308.428 0,03

Boston Properties Inc 4.911 USD 228.087 578.691 0,05

Boston Scientific Corp 44.354 USD 364.889 756.337 0,07 Bristol-Myers Squibb Co 56.040 USD 1.035.827 3.569.800 0,32

Brixmor Property Group Inc 6.016 USD 136.003 143.544 0,01

Broadcom Corp 18.660 USD 342.004 995.451 0,09

Brown-Forman Corp 3.723 USD 81.341 345.981 0,03

CA Inc 11.951 USD 189.224 318.774 0,03

Cablevision Systems Corp 5.735 USD 66.448 167.423 0,02

Cabot Oil & Gas Corp 12.986 USD 83.898 202.402 0,02

Calpine Corp 11.563 USD 94.102 150.557 0,01 Cameron International Corp 6.277 USD 142.386 363.098 0,03

Campbell Soup Co 5.978 USD 162.889 291.464 0,03

Capital One Financial Corp 17.957 USD 489.615 1.204.592 0,11

Cardinal Health Inc 11.085 USD 295.971 919.628 0,08 CarMax Inc 6.540 USD 69.822 326.955 0,03

Caterpillar Inc 19.049 USD 620.485 1.198.952 0,11

CBRE Group Inc 9.751 USD 171.915 309.502 0,03

CBS Corp 15.173 USD 145.126 650.103 0,06 CDK Global Inc 4.597 USD 223.467 206.441 0,02

CDW Corp 4.071 USD 166.394 161.296 0,01

Celanese Corp 4.655 USD 80.322 287.656 0,03

Celgene Corp 26.229 USD 585.257 2.900.367 0,26 Centene Corp 3.795 USD 260.806 230.513 0,02

CenterPoint Energy Inc 12.500 USD 115.856 209.603 0,02

CenturyLink Inc 18.251 USD 418.716 424.438 0,04

Cerner Corp 10.416 USD 126.379 578.661 0,05 CF Industries Holdings Inc 7.725 USD 112.141 291.347 0,03

CH Robinson Worldwide Inc 5.074 USD 186.615 289.930 0,03

Charles Schwab Corp 40.355 USD 550.258 1.229.490 0,11

Charter Communications Inc 2.738 USD 192.426 462.175 0,04 Cheniere Energy Inc 7.181 USD 194.823 239.707 0,02

Chesapeake Energy Corp 19.123 USD 368.950 77.098 0,01

Chevron Corp 62.794 USD 3.285.177 5.183.590 0,47

Chipotle Mexican Grill Inc 1.074 USD 260.598 478.067 0,04 Chubb Corp 7.656 USD 242.389 937.717 0,08

Church & Dwight Co Inc 4.488 USD 89.386 354.196 0,03

Cigna Corp 8.532 USD 216.111 1.148.050 0,10


347




% Attivo Netto

Cimarex Energy Co 2.848 USD 63.395 233.586 0,02

Cincinnati Financial Corp 5.336 USD 108.295 293.850 0,03 Cintas Corp 3.479 USD 69.909 294.042 0,03

Cisco Systems Inc 169.381 USD 2.447.722 4.272.744 0,39

CIT Group Inc 6.246 USD 187.210 228.813 0,02

Citigroup Inc 100.506 USD 4.090.829 4.816.478 0,44 Citizens Financial Group Inc 16.154 USD 391.702 389.289 0,04

Citrix Systems Inc 5.107 USD 104.001 360.136 0,03

Clorox Co 4.468 USD 181.787 524.852 0,05

CME Group Inc 10.538 USD 482.694 883.711 0,08 CMS Energy Corp 9.490 USD 178.886 318.957 0,03

Coach Inc 8.597 USD 143.492 257.355 0,02

Coca-Cola Co 138.014 USD 2.677.007 5.509.937 0,50

Coca-Cola Enterprises Inc 6.876 USD 87.878 312.629 0,03 Cognizant Technology Solutions Corp 20.872 USD 251.528 1.166.621 0,11

Colgate-Palmolive Co 28.657 USD 710.497 1.773.223 0,16

Columbia Pipeline Group Inc 10.968 USD - 195.873 0,02

Comcast Corp Shs A 82.915 USD 1.106.281 4.308.526 0,39 Comerica Inc 5.385 USD 116.014 207.140 0,02

ConAgra Foods Inc 13.898 USD 244.687 542.370 0,05

Concho Resources Inc 4.374 USD 299.365 367.042 0,03

ConocoPhillips 40.885 USD 1.638.186 1.745.765 0,16 Consolidated Edison Inc 10.095 USD 296.088 603.563 0,05

Constellation Brands Inc 5.657 USD 123.081 747.304 0,07

Continental Resources Inc 3.112 USD 71.695 63.446 0,01

Cooper Cos Inc 1.722 USD 237.121 213.769 0,02

Corning Inc 41.449 USD 478.037 702.242 0,06

Costco Wholesale Corp 14.676 USD 611.373 2.188.053 0,20

CR Bard Inc 2.601 USD 141.705 454.469 0,04

Crown Castle International Corp 10.835 USD 234.324 863.941 0,08 Crown Holdings Inc 4.632 USD 83.744 218.750 0,02

CSX Corp 32.923 USD 285.565 781.331 0,07

Cummins Inc 5.871 USD 156.021 479.751 0,04

CVS Health Corp 37.216 USD 869.335 3.367.121 0,30 Danaher Corp 20.430 USD 440.315 1.747.506 0,16

Darden Restaurants Inc 3.638 USD 90.671 214.310 0,02

DaVita Inc 5.692 USD 100.245 365.193 0,03

Deere & Co 10.411 USD 373.602 739.316 0,07 Delta Air Lines Inc 6.352 USD 27.378 297.825 0,03

DENTSPLY International Inc 4.996 USD 108.579 281.124 0,03

Devon Energy Corp 13.270 USD 584.249 376.937 0,03

Dick's Sporting Goods Inc 3.006 USD 113.083 96.982 0,01 Digital Realty Trust Inc 4.053 USD 198.084 285.699 0,03

Discover Financial Services 14.623 USD 86.996 726.896 0,07

Discovery Communications Inc Shs A 5.174 USD 91.756 125.919 0,01

Discovery Communications Inc Shs C 8.286 USD 31.589 190.266 0,02 DISH Network Corp 7.452 USD 85.264 392.487 0,04

Dollar General Corp 10.281 USD 325.087 679.214 0,06

Dollar Tree Inc 7.350 USD 121.640 522.753 0,05

Dominion Resources Inc 19.749 USD 539.935 1.242.829 0,11 Dover Corp 4.883 USD 132.757 275.973 0,02

Dow Chemical Co 37.009 USD 609.413 1.751.853 0,16

DR Horton Inc 11.184 USD 100.800 332.441 0,03

Dr Pepper Snapple Group Inc 6.692 USD 103.779 580.380 0,05 DTE Energy Co 6.130 USD 157.445 458.002 0,04

Duke Energy Corp 23.089 USD 799.832 1.527.278 0,14

Duke Realty Corp 13.045 USD 96.485 253.644 0,02


348




% Attivo Netto

Dun & Bradstreet Corp 1.159 USD 69.086 112.358 0,01

E*TRADE Financial Corp 9.742 USD 261.823 266.904 0,02 Eastman Chemical Co 5.090 USD 78.360 316.216 0,03

Eaton Vance Corp 3.506 USD 62.807 105.146 0,01

eBay Inc 36.178 USD 522.989 919.906 0,08

Ecolab Inc 8.869 USD 267.964 938.057 0,08 Edgewell Personal Care Co 2.157 USD 86.135 156.199 0,01

Edison International 10.712 USD 253.532 591.867 0,05

Edwards Lifesciences Corp 7.418 USD 134.027 538.397 0,05

EI du Pont de Nemours & Co 30.311 USD 738.409 1.870.014 0,17 Electronic Arts Inc 10.446 USD 197.842 666.664 0,06

Eli Lilly & Co 33.318 USD 1.079.678 2.631.614 0,24

EMC Corp 65.042 USD 633.255 1.532.854 0,14

Emerson Electric Co 21.504 USD 577.502 956.237 0,09 Energen Corp 2.907 USD 80.020 107.746 0,01

Entergy Corp 6.325 USD 348.175 401.344 0,04

Envision Healthcare Holdings Inc 6.189 USD 208.615 147.331 0,01

EOG Resources Inc 18.744 USD 519.331 1.212.731 0,11 EQT Corp 5.443 USD 134.057 256.402 0,02

Equifax Inc 3.981 USD 83.385 411.360 0,04

Equinix Inc 1.920 USD 303.030 532.519 0,05

Equity Residential 12.141 USD 246.548 911.006 0,08 Essex Property Trust Inc 2.177 USD 274.066 485.269 0,04

Estee Lauder Cos Inc 7.425 USD 103.584 605.716 0,05

Eversource Energy 10.313 USD 203.307 489.970 0,04

Exelon Corp 29.347 USD 1.020.708 744.599 0,07

Expedia Inc 3.471 USD 84.111 401.597 0,04

Expeditors International of Washington Inc 6.343 USD 155.877 264.914 0,02

Express Scripts Holding Co 22.888 USD 420.200 1.842.826 0,17

Extra Space Storage Inc 3.717 USD 237.443 304.689 0,03 Exxon Mobil Corp 139.228 USD 7.049.217 9.964.813 0,90

F5 Networks Inc 2.525 USD 142.360 226.876 0,02

Facebook Inc 71.675 USD 2.217.085 6.976.056 0,63

Fastenal Co 9.047 USD 166.791 344.107 0,03 Federal Realty Investment Trust 2.241 USD 81.133 304.173 0,03

FedEx Corp 8.806 USD 439.056 1.203.719 0,11

Fidelity National Information Services Inc 9.795 USD 177.132 547.393 0,05

Fifth Third Bancorp 26.189 USD 265.962 485.937 0,04 FireEye Inc 4.496 USD 126.804 86.389 0,01

First Republic Bank 4.868 USD 158.841 295.555 0,03

FirstEnergy Corp 14.609 USD 485.846 432.240 0,04

Fiserv Inc 7.685 USD 121.635 654.600 0,06 FleetCor Technologies Inc 2.534 USD 243.285 332.310 0,03

FLIR Systems Inc 5.519 USD 101.090 143.291 0,01

Flowserve Corp 4.418 USD 84.993 172.291 0,02

Fluor Corp 4.257 USD 145.630 186.335 0,02 FMC Corp 4.264 USD 71.114 155.072 0,01

FMC Technologies Inc 8.205 USD 123.561 219.231 0,02

FNF Group 8.224 USD 77.073 261.109 0,02

Foot Locker Inc 5.126 USD 240.897 305.019 0,03 Ford Motor Co 126.047 USD 664.032 1.636.584 0,15

Fortinet Inc 3.727 USD 127.102 107.403 0,01

Fortune Brands Home & Security Inc 5.352 USD 223.898 275.851 0,02

Franklin Resources Inc 13.900 USD 242.721 471.633 0,04 Freeport-McMoRan Inc 35.354 USD 721.182 219.312 0,02

Frontier Communications Corp 36.086 USD 38.631 154.085 0,01

GameStop Corp 2.896 USD 65.944 75.574 0,01


349




% Attivo Netto

Gap Inc 7.781 USD 93.478 179.954 0,02

Gartner Inc 2.942 USD 234.762 246.930 0,02 General Dynamics Corp 9.267 USD 400.949 1.182.501 0,11

General Electric Co 315.154 USD 4.309.032 8.966.447 0,81

General Growth Properties Inc 19.953 USD 273.165 501.133 0,05

General Mills Inc 19.864 USD 410.244 1.065.869 0,10 General Motors Co 47.136 USD 1.241.723 1.482.731 0,13

Genuine Parts Co 5.146 USD 134.620 409.615 0,04

Gilead Sciences Inc 49.007 USD 905.688 4.587.488 0,42

Global Payments Inc 3.760 USD 252.226 224.839 0,02 Goldman Sachs Group Inc 12.958 USD 1.228.845 2.161.072 0,20

Goodyear Tire & Rubber Co 9.067 USD 263.406 276.700 0,03

H&R Block Inc 7.279 USD 104.356 222.902 0,02

Halliburton Co 28.038 USD 485.932 876.838 0,08 Hanesbrands Inc 13.180 USD 297.432 351.193 0,03

Harley-Davidson Inc 7.382 USD 148.964 308.172 0,03

Harman International Industries Inc 2.307 USD 253.616 200.334 0,02

Harris Corp 4.348 USD 152.222 348.326 0,03 Hartford Financial Services Group Inc 14.479 USD 294.333 581.628 0,05

Hasbro Inc 3.595 USD 78.873 222.351 0,02

HCA Holdings Inc 11.309 USD 355.386 709.202 0,06

HCP Inc 15.888 USD 351.316 562.671 0,05 Helmerich & Payne Inc 3.067 USD 73.589 148.270 0,01

Henry Schein Inc 2.900 USD 101.436 424.922 0,04

Hershey Co 5.374 USD 154.808 446.130 0,04

Hertz Global Holdings Inc 13.113 USD 174.776 168.816 0,02

Hess Corp 9.245 USD 425.602 408.056 0,04

Hewlett Packard Enterprise Co 60.437 USD - 846.179 0,08

Hilton Worldwide Holdings Inc 17.489 USD 345.785 346.142 0,03

HollyFrontier Corp 6.155 USD 147.061 224.521 0,02 Hologic Inc 7.679 USD 73.816 276.806 0,03

Home Depot Inc 42.880 USD 974.777 5.239.426 0,47

Honeywell International Inc 25.087 USD 728.318 2.401.235 0,22

Hormel Foods Corp 4.742 USD 58.850 346.129 0,03 Host Hotels & Resorts Inc 25.642 USD 211.139 370.292 0,03

HP Inc 60.437 USD 1.570.431 655.678 0,06

Humana Inc 5.069 USD 120.596 831.402 0,08

Huntington Bancshares Inc 28.984 USD 257.419 296.652 0,03 IHS Inc 2.412 USD 110.216 262.251 0,02

Illinois Tool Works Inc 10.974 USD 318.105 937.066 0,08

Illumina Inc 4.714 USD 181.865 825.312 0,07

IMS Health Holdings Inc 4.601 USD 120.750 107.631 0,01 Incyte Corp 5.467 USD 353.443 546.575 0,05

Intel Corp 158.339 USD 2.297.022 5.076.540 0,46

Intercontinental Exchange Inc 3.798 USD 377.659 894.140 0,08

International Business Machines Corp 31.076 USD 2.473.834 3.967.682 0,36 International Flavors & Fragrances Inc 2.676 USD 68.878 295.761 0,03

International Paper Co 12.905 USD 222.843 451.708 0,04

Interpublic Group of Cos Inc 14.262 USD 94.870 307.757 0,03

Intuit Inc 8.748 USD 176.984 787.789 0,07 Intuitive Surgical Inc 1.195 USD 148.559 604.984 0,05

Ionis Pharmaceuticals Inc 4.214 USD 257.526 236.773 0,02

Iron Mountain Inc 6.079 USD 106.449 153.625 0,01

Jacobs Engineering Group Inc 4.396 USD 159.340 170.869 0,02 Jarden Corp 6.405 USD 224.094 333.000 0,03

JB Hunt Transport Services Inc 3.119 USD 59.898 208.715 0,02

JM Smucker Co 3.915 USD 167.320 444.646 0,04


350




% Attivo Netto

Johnson & Johnson 92.467 USD 4.160.329 8.792.986 0,80

Johnson Controls Inc 21.741 USD 317.276 801.430 0,07 Jones Lang LaSalle Inc 1.507 USD 238.122 219.294 0,02

JPMorgan Chase & Co 123.488 USD 3.209.299 7.534.765 0,68

Juniper Networks Inc 10.782 USD 158.080 273.761 0,02

Kansas City Southern 3.844 USD 194.484 261.597 0,02 Kellogg Co 8.400 USD 268.417 563.335 0,05

Keurig Green Mountain Inc 3.628 USD 207.935 299.555 0,03

KeyCorp 30.443 USD 200.073 369.606 0,03

Kimberly-Clark Corp 12.038 USD 492.361 1.427.661 0,13 Kimco Realty Corp 13.102 USD 178.814 320.422 0,03

Kinder Morgan Inc 61.705 USD 1.666.867 822.093 0,07

KLA-Tencor Corp 5.642 USD 130.511 360.279 0,03

Kohl's Corp 7.207 USD 260.886 319.555 0,03 Kraft Heinz Co 20.474 USD 66.618 1.383.569 0,13

Kroger Co 30.713 USD 318.365 1.190.697 0,11

L Brands Inc 8.131 USD 139.343 720.231 0,07

L-3 Communications Holdings Inc 2.827 USD 159.611 313.279 0,03 Laboratory Corp of America Holdings 3.551 USD 212.688 404.085 0,04

Lam Research Corp 4.912 USD 153.700 360.833 0,03

Las Vegas Sands Corp 13.189 USD 146.374 531.621 0,05

Lear Corp 2.594 USD 274.519 295.802 0,03 Legg Mason Inc 3.067 USD 83.847 110.585 0,01

Leggett & Platt Inc 4.971 USD 95.451 193.766 0,02

Lennar Corp 5.736 USD 167.817 259.430 0,02

Leucadia National Corp 9.921 USD 209.528 155.449 0,01

Level 3 Communications Inc 9.776 USD 281.902 485.508 0,04

Liberty Interactive Corp QVC Group 15.261 USD 64.262 380.144 0,03

Liberty Media Corp - A 3.915 USD - 140.945 0,01

Liberty Media Corp 5.956 USD - 206.510 0,02 Liberty Property Trust 5.564 USD 114.622 160.341 0,01

Lincoln National Corp 8.870 USD 156.335 413.123 0,04

Linear Technology Corp 8.215 USD 170.919 326.312 0,03

LinkedIn Corp 3.857 USD 416.616 804.126 0,07 LKQ Corp 10.182 USD 171.654 277.653 0,03

Lockheed Martin Corp 9.256 USD 592.624 1.864.176 0,17

Loews Corp 9.469 USD 214.827 334.129 0,03

Lowe's Cos Inc 31.330 USD 543.666 2.206.463 0,19 lululemon athletica Inc 4.134 USD 131.026 195.421 0,02

M&T Bank Corp 4.648 USD 259.495 522.317 0,05

Macerich Co 4.181 USD 134.594 312.804 0,03

Macy's Inc 11.965 USD 188.032 387.888 0,04 Manpower Inc 2.443 USD 108.837 191.482 0,02

Marathon Oil Corp 22.719 USD 509.832 257.719 0,02

Marathon Petroleum Corp 18.406 USD - 882.058 0,08

Markel Corp 421 USD 360.816 343.408 0,03 Marriott International Inc 6.845 USD 157.264 426.625 0,04

Marsh & McLennan Cos Inc 17.698 USD 383.999 909.752 0,08

Martin Marietta Materials Inc 2.079 USD 158.942 261.535 0,02

Masco Corp 12.293 USD 129.759 320.011 0,03 MasterCard Inc 33.326 USD 562.779 3.019.143 0,27

Mattel Inc 12.019 USD 151.479 302.196 0,03

Maxim Integrated Products Inc 9.155 USD 112.797 322.210 0,03

McCormick & Co Inc 3.663 USD 123.426 290.664 0,03 McDonald's Corp 31.450 USD 1.343.947 3.441.676 0,31

McGraw-Hill Cos Inc 9.273 USD 257.073 848.492 0,08

McKesson Corp 7.718 USD 242.827 1.405.484 0,13


351




% Attivo Netto

Mead Johnson Nutrition Co 6.670 USD 193.940 484.841 0,04

Medivation Inc 4.908 USD 220.614 215.775 0,02 MEDNAX Inc 2.652 USD 179.206 175.204 0,02

Merck & Co Inc 94.054 USD 2.115.110 4.589.156 0,42

MetLife Inc 31.608 USD 836.945 1.411.333 0,13

Mettler-Toledo International Inc 964 USD 176.486 303.982 0,03 MGM Resorts International 14.071 USD 142.483 290.355 0,03

Microchip Technology Inc 6.710 USD 127.941 293.522 0,03

Micron Technology Inc 35.814 USD 218.567 464.678 0,04

Microsoft Corp 253.682 USD 4.619.458 13.089.140 1,19 Mohawk Industries Inc 1.989 USD 53.270 346.077 0,03

Molson Coors Brewing Co 4.919 USD 148.881 426.117 0,04

Mondelez International Inc 54.274 USD 834.251 2.263.262 0,19

Monsanto Co 15.625 USD 901.398 1.415.821 0,13 Monster Beverage Corp 4.894 USD 51.139 673.729 0,06

Moody's Corp 5.948 USD 160.191 551.063 0,05

Morgan Stanley 48.524 USD 1.125.436 1.433.022 0,13

Mosaic Co 11.053 USD 442.547 287.124 0,03 Motorola Solutions Inc 5.386 USD 211.749 342.007 0,03

Murphy Oil Corp 5.445 USD 227.087 109.514 0,01

NASDAQ OMX Group Inc 4.204 USD 78.035 227.352 0,02

National Oilwell Varco Inc 13.720 USD 382.383 424.165 0,04 Navient Corp 13.781 USD - 143.069 0,01

NetApp Inc 9.352 USD 131.854 230.254 0,02

Netflix Inc 13.524 USD 191.732 1.446.269 0,13

NetSuite Inc 1.389 USD 97.436 108.972 0,01

New York Community Bancorp Inc 15.227 USD 150.236 229.797 0,02

Newell Rubbermaid Inc 9.043 USD 92.762 362.515 0,03

Newmont Mining Corp 15.379 USD 492.734 250.410 0,02

News Corp 11.346 USD - 140.558 0,01 NextEra Energy Inc 15.395 USD 659.333 1.479.901 0,13

NIKE Inc 45.024 USD 496.012 2.609.399 0,24

Noble Energy Inc 14.993 USD 350.092 442.639 0,04

Nordstrom Inc 4.680 USD 86.474 215.743 0,02 Norfolk Southern Corp 10.192 USD 322.646 792.498 0,07

Northern Trust Corp 7.594 USD 338.462 506.777 0,05

Northrop Grumman Corp 5.829 USD 226.949 1.015.235 0,09

NRG Energy Inc 10.743 USD 197.731 109.167 0,01 Nuance Communications Inc 9.323 USD 88.033 172.390 0,02

Nucor Corp 10.467 USD 328.291 386.896 0,04

NVIDIA Corp 17.576 USD 154.089 537.740 0,05

Occidental Petroleum Corp 25.267 USD 1.131.857 1.551.651 0,14 Oceaneering International Inc 3.180 USD 128.911 109.123 0,01

OGE Energy Corp 6.649 USD 146.048 162.425 0,01

Omnicom Group Inc 7.847 USD 190.497 550.983 0,05

ONEOK Inc 7.143 USD 77.601 153.417 0,01 Oracle Corp 115.853 USD 1.785.383 3.919.268 0,35

O'Reilly Automotive Inc 3.250 USD 85.297 767.302 0,07

PACCAR Inc 11.526 USD 304.080 507.150 0,05

Packaging Corp of America 3.303 USD 208.436 193.698 0,02 Palo Alto Networks Inc 2.482 USD 238.892 402.064 0,04

Parker-Hannifin Corp 4.615 USD 152.571 415.851 0,04

Patterson Cos Inc 2.587 USD 46.531 107.737 0,01

Paychex Inc 11.266 USD 257.706 555.171 0,05 PayPal Holdings Inc 36.178 USD - 1.209.304 0,11

People's United Financial Inc 9.310 USD 120.477 139.477 0,01

Pepco Holdings Inc 7.473 USD 90.070 179.199 0,02


352




% Attivo Netto

PepsiCo Inc 49.054 USD 2.111.413 4.546.490 0,41

Pfizer Inc 205.943 USD 3.064.418 6.180.083 0,56 PG&E Corp 15.990 USD 462.098 790.013 0,07

Philip Morris International Inc 51.604 USD 1.434.574 4.207.380 0,38

Phillips 66 18.236 USD - 1.370.353 0,12

Pinnacle West Capital Corp 3.473 USD 84.769 207.581 0,02 Pioneer Natural Resources Co 5.129 USD 136.366 584.970 0,05

Plains GP Holdings LP 5.963 USD 69.208 48.027 -

Plum Creek Timber Co Inc 6.515 USD 170.815 287.917 0,03

PNC Financial Services Group Inc 17.151 USD 679.604 1.510.250 0,14 Polaris Industries Inc 2.078 USD 135.597 164.340 0,01

PPG Industries Inc 9.220 USD 165.415 842.882 0,08

PPL Corp 21.445 USD 483.263 674.780 0,06

Praxair Inc 9.696 USD 492.218 916.693 0,08 Precision Castparts Corp 4.658 USD 310.683 990.030 0,09

priceline.com Inc 1.694 USD 296.458 2.001.042 0,18

Principal Financial Group Inc 10.189 USD 162.314 424.514 0,04

Procter & Gamble Co 90.599 USD 3.708.917 6.647.054 0,60 Progressive Corp 20.294 USD 232.246 601.001 0,05

Prologis Inc 17.621 USD 338.893 698.156 0,06

Prudential Financial Inc 15.330 USD 399.407 1.154.227 0,10

Public Service Enterprise Group Inc 16.180 USD 380.269 578.053 0,05 Public Storage 4.882 USD 289.251 1.120.397 0,10

PulteGroup Inc 11.320 USD 146.353 186.497 0,02

PVH Corp 3.032 USD 223.906 203.226 0,02

Qorvo Inc 5.000 USD 274.328 236.679 0,02

QUALCOMM Inc 52.087 USD 1.688.815 2.405.924 0,22

Quanta Services Inc 5.762 USD 94.403 108.339 0,01

Quest Diagnostics Inc 4.507 USD 167.575 296.268 0,03

Quintiles Transnational Holdings Inc 3.436 USD 206.943 219.097 0,02 Ralph Lauren Corp 2.214 USD 89.223 228.551 0,02

Range Resources Corp 5.515 USD 179.863 115.924 0,01

Raymond James Financial Inc 4.611 USD 156.408 246.911 0,02

Raytheon Co 10.115 USD 341.245 1.165.401 0,11 Realogy Holdings Corp 4.994 USD 198.949 166.932 0,02

Realty Income Corp 8.429 USD 287.329 401.002 0,04

Red Hat Inc 6.271 USD 91.578 480.661 0,04

Regency Centers Corp 3.544 USD 73.939 223.710 0,02 Regeneron Pharmaceuticals Inc 2.548 USD 329.366 1.279.872 0,12

Regions Financial Corp 42.289 USD 242.890 373.930 0,03

Republic Services Inc 7.780 USD 128.228 317.516 0,03

ResMed Inc 4.899 USD 154.897 244.063 0,02 Reynolds American Inc 28.362 USD 465.341 1.212.860 0,11

Rite Aid Corp 33.215 USD 264.300 238.609 0,02

Robert Half International Inc 4.037 USD 65.587 175.781 0,02

Rockwell Automation Inc 4.254 USD 98.763 405.306 0,04 Rockwell Collins Inc 4.036 USD 114.113 344.929 0,03

Roper Technologies Inc 3.408 USD 109.974 595.131 0,05

Ross Stores Inc 13.202 USD 101.592 659.888 0,06

Sabre Corp 4.474 USD 123.941 115.565 0,01 salesforce.com inc 20.786 USD 325.689 1.507.311 0,14

SanDisk Corp 6.733 USD 100.980 469.308 0,04

SBA Communications Corp 4.591 USD 179.488 442.126 0,04

SCANA Corp 4.552 USD 109.594 255.681 0,02 Scripps Networks Interactive Inc 2.636 USD 49.660 131.999 0,01

Sealed Air Corp 7.418 USD 103.422 305.393 0,03

SEI Investments Co 4.212 USD 53.597 203.856 0,02


353




% Attivo Netto

Sempra Energy 8.049 USD 273.271 699.544 0,06

ServiceNow Inc 5.334 USD 237.807 427.072 0,04 Sherwin-Williams Co 2.567 USD 99.112 617.317 0,06

Signature Bank NY 1.443 USD 216.075 204.044 0,02

Simon Property Group Inc 10.222 USD 414.519 1.827.943 0,17

Sirius XM Holdings Inc 89.310 USD 146.036 333.066 0,03 Skyworks Solutions Inc 6.532 USD 342.469 473.972 0,04

SL Green Realty Corp 3.376 USD 204.999 352.742 0,03

Snap-on Inc 2.067 USD 248.728 326.561 0,03

Southern Co 30.876 USD 735.761 1.337.342 0,12 Southwest Airlines Co 4.884 USD 82.747 194.000 0,02

Southwestern Energy Co 13.959 USD 371.974 80.581 0,01

Spectra Energy Corp 21.667 USD 309.077 471.121 0,04

Splunk Inc 4.202 USD 259.188 226.358 0,02 Sprint Corp 24.025 USD - 79.911 0,01

St Jude Medical Inc 9.140 USD 247.816 521.089 0,05

Stanley Black & Decker Inc 5.198 USD 132.000 510.727 0,05

Staples Inc 19.349 USD 278.125 168.961 0,02 Starbucks Corp 49.353 USD 313.178 2.750.400 0,25

Starwood Hotels & Resorts Worldwide Inc 6.051 USD 132.824 388.781 0,04

State Street Corp 14.043 USD 477.548 856.593 0,08

Stericycle Inc 2.781 USD 128.936 310.322 0,03 Stryker Corp 11.276 USD 400.739 973.806 0,09

SunTrust Banks Inc 17.438 USD 316.117 692.023 0,06

Symantec Corp 20.961 USD 273.633 408.906 0,04

Synchrony Financial 26.947 USD 772.670 751.360 0,07

Synopsys Inc 5.449 USD 75.441 230.372 0,02

Sysco Corp 19.728 USD 398.372 749.460 0,07

T Rowe Price Group Inc 8.396 USD 235.457 554.605 0,05

Tableau Software Inc 1.812 USD 157.977 157.316 0,01 Target Corp 20.188 USD 606.532 1.361.837 0,12

TD Ameritrade Holding Corp 8.774 USD 109.968 282.672 0,03

TEGNA Inc 7.274 USD 237.491 171.294 0,02

Teradata Corp 5.372 USD 67.985 132.017 0,01 Tesla Motors Inc 3.227 USD 441.531 704.006 0,06

Tesoro Corp 4.199 USD 199.704 401.220 0,04

Texas Instruments Inc 34.821 USD 561.747 1.791.861 0,16

Textron Inc 9.887 USD 118.722 384.572 0,03 Thermo Fisher Scientific Inc 13.242 USD 403.826 1.733.406 0,16

Tiffany & Co 4.205 USD 96.567 296.876 0,03

Time Warner Cable Inc 9.436 USD 312.393 1.606.199 0,15

Time Warner Inc 27.235 USD 584.925 1.608.122 0,15 TJX Cos Inc 22.885 USD 236.874 1.496.379 0,14

T-Mobile US Inc 10.023 USD 200.404 364.974 0,03

Toll Brothers Inc 6.214 USD 74.107 190.858 0,02

Torchmark Corp 3.918 USD 90.454 206.751 0,02 Total System Services Inc 5.274 USD 94.259 242.352 0,02

Towers Watson & Co 2.300 USD 187.384 272.687 0,02

Tractor Supply Co 4.640 USD 171.455 366.872 0,03

TransDigm Group Inc 1.726 USD 201.898 360.398 0,03 Travelers Cos Inc 10.384 USD 318.432 1.087.449 0,10

Trimble Navigation Ltd 9.275 USD 176.954 184.506 0,02

TripAdvisor Inc 4.059 USD 201.938 320.413 0,03

Twenty-First Century Fox Inc - Shs A 41.385 USD 324.555 1.035.241 0,09 Twenty-First Century Fox Inc - Shs B 15.387 USD 117.915 385.609 0,03

Twitter Inc 19.042 USD 591.135 387.872 0,04

Tyson Foods Inc 10.623 USD 96.895 523.485 0,05


354




% Attivo Netto

UDR Inc 8.958 USD 187.700 309.941 0,03

Ulta Salon Cosmetics & Fragrance Inc 2.018 USD 145.672 343.209 0,03 Under Armour Inc 5.966 USD 118.974 442.578 0,04

Union Pacific Corp 28.975 USD 649.275 2.084.416 0,19

United Continental Holdings Inc 2.801 USD 48.497 147.602 0,01

United Parcel Service Inc 23.290 USD 1.031.163 2.071.953 0,19 United Rentals Inc 3.049 USD 225.706 203.052 0,02

United Technologies Corp 28.447 USD 1.162.173 2.525.784 0,23

United Therapeutics Corp 1.569 USD 262.931 227.914 0,02

UnitedHealth Group Inc 32.056 USD 661.573 3.493.013 0,32 Universal Health Services Inc 2.951 USD 178.590 324.533 0,03

Unum Group 8.426 USD 115.944 258.798 0,02

US Bancorp 58.814 USD 936.163 2.317.854 0,21

Valero Energy Corp 16.526 USD 271.031 1.083.915 0,09 Vantiv Inc 5.137 USD 114.439 223.819 0,02

Varian Medical Systems Inc 3.382 USD 97.816 252.097 0,02

Ventas Inc 11.261 USD 317.208 584.332 0,05

VEREIT Inc 30.301 USD 300.659 221.007 0,02 VeriSign Inc 3.801 USD 61.954 306.978 0,03

Verisk Analytics Inc 4.948 USD 129.668 351.417 0,03

Verizon Communications Inc 135.763 USD 2.151.323 5.818.148 0,52

Vertex Pharmaceuticals Inc 8.401 USD 256.835 973.003 0,09 VF Corp 11.755 USD 128.780 674.915 0,06

Viacom Inc 11.500 USD 252.741 430.558 0,04

Visa Inc 65.162 USD 876.670 4.678.098 0,42

VMware Inc 3.207 USD 114.855 167.586 0,02

Vornado Realty Trust 5.918 USD 245.175 548.554 0,05

Voya Financial Inc 7.331 USD 217.717 250.356 0,02

Vulcan Materials Co 4.721 USD 216.535 413.507 0,04

WABCO Holdings Inc 1.872 USD 215.869 175.888 0,02 Wabtec Corp 3.433 USD 268.373 223.938 0,02

Walgreens Boots Alliance Inc 29.539 USD 747.191 2.338.273 0,21

Wal-Mart Stores Inc 53.649 USD 2.197.864 3.032.089 0,27

Walt Disney Co 53.548 USD 1.149.810 5.217.661 0,47 Waste Management Inc 15.124 USD 358.180 748.058 0,07

Waters Corp 2.605 USD 128.514 323.766 0,03

WEC Energy Group Inc 10.422 USD 233.552 498.778 0,05

Wells Fargo & Co 162.863 USD 3.276.887 8.191.277 0,74 Welltower Inc 11.435 USD 463.264 715.847 0,06

Western Digital Corp 7.997 USD 200.227 447.644 0,04

Western Union Co 17.619 USD 243.187 294.471 0,03

Westlake Chemical Corp 1.800 USD 106.609 90.400 0,01 WestRock Co 8.978 USD 203.593 376.445 0,03

Weyerhaeuser Co 17.013 USD 250.846 472.969 0,04

Whirlpool Corp 2.695 USD 118.038 366.882 0,03

WhiteWave Foods Co 5.883 USD 257.756 208.939 0,02 Whiting Petroleum Corp 8.599 USD 283.215 68.077 0,01

Whole Foods Market Inc 12.699 USD 186.831 393.066 0,04

Williams Cos Inc 24.259 USD 363.931 542.596 0,05

Workday Inc 3.628 USD 228.884 266.877 0,02 WR Berkley Corp 2.790 USD 45.237 142.702 0,01

WW Grainger Inc 1.933 USD 117.498 362.565 0,03

Wyndham Worldwide Corp 4.172 USD 168.092 278.605 0,03

Wynn Resorts Ltd 2.941 USD 80.901 184.973 0,02 Xcel Energy Inc 16.755 USD 275.124 558.833 0,05

Xerox Corp 32.009 USD 199.419 314.415 0,03

Xilinx Inc 9.081 USD 158.095 398.071 0,04


355




% Attivo Netto

Xylem Inc 5.675 USD - 191.723 0,02

Yahoo! Inc 29.339 USD 338.607 897.093 0,08 Yum! Brands Inc 14.326 USD 372.913 968.894 0,09

Zillow Group Inc 2.400 USD - 53.306 -

Zimmer Biomet Holdings Inc 6.017 USD 254.706 564.953 0,05

Zoetis Inc 16.160 USD 242.557 714.603 0,06

238.600.641 555.097.327 50,26 ISOLE VERGINI

Michael Kors Holdings Ltd 6.304 USD 354.158 232.324 0,02

Totale Isole Vergini 354.158 232.324 0,02

TOTALE VALORI MOBILIARI QUOTATI: AZIONI 523.365.432 994.583.306 90,05

2) VALORI MOBILIARI QUOTATI: OBBLIGAZIONI

ITALIA

Italy Buoni Ordinari del Tesoro BOT 0% 12/02/2016 500.000 EUR 499.867 500.041 0,05 Italy Buoni Ordinari del Tesoro BOT 0% 14/07/2016 1.000.000 EUR 999.777 1.000.267 0,09

Totale Italia 1.499.644 1.500.308 0,14

TOTALE VALORI MOBILIARI QUOTATI: OBBLIGAZIONI 1.499.644 1.500.308 0,14

3) VALORI MOBILIARI QUOTATI: FONDI DI INVESTIMENTO

Camden Property Trust1 3.133 USD 172.625 222.225 0,02 Consumer Discretionary Select Sector SPDR Fund² 311.175 USD 21.361.732 22.510.896 2,04

Health Care Select Sector SPDR Fund² 175.955 USD 8.517.449 11.717.972 1,06

iShares MSCI Emerging Markets ETF² 182.363 USD 5.452.725 5.395.612 0,49

35.504.531 39.846.705 3,61

TOTALE VALORI MOBILIARI QUOTATI: FONDI DI INVESTIMENTO 35.504.531 39.846.705 3,61

TOTALE VALORI MOBILIARI AMMESSI A UNA BORSA VALORI UFFICIALE O NEGOZIATI IN UN MERCATO REGOLAMENTATO 560.369.607 1.035.930.319 93,80

B) ALTRI VALORI MOBILIARI

1) ALTRI VALORI MOBILIARI: AZIONI

AUSTRALIA Transurban Group 3.938 AUD 25.664 27.603 -

Totale Australia 25.664 27.603 - ITALIA

Rights Ubi 15 12/01/16 30.729 EUR - 1.369 -

Totale Italia - 1.369 - MALTA

BGP Holdings* 682.017 EUR - - -

Totale Malta - - - * Società a responsabilità limitata non quotata in borsa, pertanto non in grado di vendere il titolo. 1 Non OICVM. ² ETF.


356




% Attivo Netto

SINGAPORE

Rights Ascend Reit 13/01/16 2.452 SGD - 51 -

Totale Singapore - 51 - SPAGNA

Repsol SA 36.263 EUR - 17.044 -

Totale Spagna - 17.044 - REGNO UNITO

Rolls-Royce Holdings Plc 6.076.114 GBP - 8.258 -

Totale Regno Unito - 8.258 -

Rayonier Inc Reit (1/100.000) 50.000 USD - 10 -

- 10 -

TOTALE ALTRI VALORI MOBILIARI: AZIONI 25.664 54.335 -

2) ALTRI VALORI MOBILIARI: FONDI DI INVESTIMENTO

IRLANDA

Liquidity Fund SA Class*1 314.551 EUR 3.401.543 3.528.637 0,32 PRIMA Funds Plc - Short Term Bond Fund1 270.684 EUR 1.418.057 1.536.373 0,14

Totale Irlanda 4.819.600 5.065.010 0,46

SPAGNA Mediolanum Fondcuenta FI*1 1.784 EUR 4.355.115 4.710.962 0,43

Mediolanum Premier FI*1 4.506 EUR 4.363.616 4.978.548 0,45

Totale Spagna 8.718.731 9.689.510 0,88

TOTALE ALTRI VALORI MOBILIARI: FONDI DI INVESTIMENTO 13.538.331 14.754.520 1,34

TOTALE ALTRI VALORI MOBILIARI 13.563.995 14.808.855 1,34

TOTALE INVESTIMENTI 573.933.602 1.050.739.174 95,14

CONTANTE E ALTRO ATTIVO NETTO 53.723.171 4,86

TOTALE ATTIVO NETTO 1.104.462.345 100,00

* Si riferisce a parti correlate, come indicato alla Nota 24. 1 OICVM

RIPARTIZIONE ECONOMICA DEGLI INVESTIMENTI

357

Netto

Banche e istituzioni finanziarie 9,24

Farmaceutici e cosmetici 8,49

Holding e società finanziarie 6,69

Software Internet 6,32

Petrolio 5,14

Fondi di investimento 4,93

Vendite al dettaglio 4,12

Divulgazione del 3,98

Assicurazioni 3,30

Alimentari e distillerie 3,25

Attrezzature da ufficio, computer 3,04

Semiconduttori elettronici 2,94

Società immobiliari 2,76

Servizi pubblici 2,72

Prodotti chimici 2,37

Industria automobilistica 2,35

Tabacco e liquori 2,22

Elettronica e attrezzature elettriche 2,02

Biotecnologia 1,94

Arte grafica, pubblicazioni 1,92

Trasporti 1,91

Beni di consumo 1,89

Meccanica, macchinari 1,73

Tecnologia aerospaziale 1,67

Tempo libero 1,41

Costruzioni, materiale da costruzione 1,17

Altri servizi 1,05

Educazione sanitaria e servizi sociali 0,98

Tessile 0,76

Miniere, industria pesante 0,52

Prodotti forestali e industria cartaria 0,36

Imprese commerciali 0,35

Metalli non ferrosi 0,29

Pneumatici e gomma 0,25

Metalli preziosi 0,21

Varie 0,20

Imballaggio e container 0,18

Stati, province e municipalità 0,14

Servizi ambientali e riciclaggio 0,13

Fotografia e ottica 0,07

Prodotti di consumo vari 0,05

Industria di orologeria 0,04

Agricoltura e pesca 0,03

Istituti che erogano prestiti e mutui ipotecari 0,01

TOTALE INVESTIMENTI 95,14

CONTANTE E ALTRO ATTIVO NETTO 4,86

TOTALE ATTIVO NETTO 100,00

Documents

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