|Sector Allocations (as of 12/13/2013)|
|Sector||Portfolio %||Index %|
|Characterstics (as of 12/13/2013)|
|# of Holdings||XXX|
|Estimated 3-5 Year EPS Growth1||XX|
|Country||Portfolio %||Index %|
|Top Ten Holdings (as of 12/13/2013)|
|Holdings||Portfolio %||Index %|
|Vodafone Group Plc||3.93%||2.85%|
|HSBC Holdings plc||3.54%||3.13%|
|Roche Holding Ltd Genusssch.||3.25%||2.95%|
|Commonwealth Bank of Australia||2.11%||1.71%|
|Westpac Banking Corporation||1.81%||1.37%|
|Novo Nordisk A/S Class B||1.56%||1.12%|
1Estimated 3-5 Year EPS Growth is the projected estimate of earnings per share growth over 3-5 years.
2Market Capitalization is the total dollar market value of all of a company's outstanding shares. Weighted Average Market Capitalization is weighted by the market capitalization of each security in the portfolio. Median Market Capitalization is the midpoint figure where half of the securities in the portfolio have a higher market capitalization and half have a lower one. Minimum Market Capitalization is the lowest value security in the portfolio. Maximum Market Capitalization is the highest value security in the portfolio. Weighted Median Market Capitalization is the weighted midpoint figure.
3P/E Ratio, or price-to-earnings ratio, is a valuation ratio of a company's current share price compared to its per-share earnings.
4P/B Ratio, or price-to-book ratio, is a ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
5ROE, or return on equity, is the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.
6ROA, or return on assets, is An indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings.
7Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.