International Value Fund - Holdings

Basic Value as of

SYMBOL % OF PORTFOLIO
Sika AG SIKA SW 2.9%
Telefonaktiebolaget LM Ericsson ERICB SS 2.8%
Ping An Bank Co. Ltd. 000001 C2 2.4%
Keyence Corp. 6861 JP 2.3%
ABB Ltd. ABBN SW 2.3%
Anhui Conch Cement Co. Ltd. 600585 C1 2.2%
Franco-Nevada Corp. FNV US 2.0%
China Merchants Bank Co. Ltd. 600036 C1 1.9%
Schneider Electric SE SU FP 1.9%
JPMorgan Chase & Co. JPM US 1.8%
Air Liquide S.A. AI FP 1.8%
Linde plc LIN GR 1.8%
BAE Systems plc BA/ LN 1.7%
Citigroup, Inc. C US 1.7%
Infineon Technologies AG IFX GR 1.6%
Kuehne + Nagel International AG KNIN SW 1.6%
Shiseido Co. Ltd. 4911 JP 1.4%
Knorr-Bremse AG KBX GR 1.4%
The Walt Disney Co. DIS US 1.3%
Hensoldt AG HAG GR 1.2%
Samsung Electronics Co. Ltd. 005930 KS 1.1%
CME Group, Inc. CME US 1.1%
Sony Corp. 6758 JP 1.0%
L3Harris Technologies, Inc. LHX US 1.0%
Taiwan Semiconductor Manufacturing Co. Ltd. TSM US 0.8%
Electricite de France S.A. EDF FP 0.5%
UBS Group AG UBSG SW 0.5%
ASML Holding N.V. ASML NA 0.5%

Consistent Earners as of

SYMBOL % OF PORTFOLIO
Z Holdings Corp. 4689 JP 3.0%
adidas AG ADS GR 3.0%
SAP SE SAP GR 2.3%
LVMH Moet Hennessy Louis Vuitton SE MC FP 2.1%
Iberdrola S.A. IBE SM 2.0%
Canadian Pacific Railway Ltd. CP US 2.0%
Ferrovial S.A. FER SM 1.9%
Safran S.A. SAF FP 1.9%
Mastercard, Inc. MA US 1.8%
Vinci S.A. DG FP 1.8%
Wuliangye Yibin Co Ltd 000858 C2 1.8%
Kweichow Moutai Co. Ltd. 600519 C1 1.7%
Lonza Group AG LONN SW 1.6%
Enel SpA ENEL IM 1.6%
Kone Oyj KNEBV FH 1.3%
Amadeus IT Group S.A. AMS SM 1.2%
Roche Holding AG ROG SW 1.0%
Shanghai International Airport Co. Ltd. 600009 C1 0.8%
Nestle S.A. NESN SW 0.8%
JDE Peet's BV JDEP NA 0.7%
S&P Global, Inc. SPGI US 0.5%
Ferrari N.V. RACE US 0.3%

Emerging Franchises as of

SYMBOL % OF PORTFOLIO
Alibaba Group Holding Ltd. BABA US 3.6%
Nintendo Co. Ltd. 7974 JP 2.9%
Tencent Holdings Ltd. 700 HK 2.8%
Meituan Dianping 3690 HK 1.4%
Swedish Match AB SWMA SS 1.4%
Recruit Holdings Co. Ltd. 6098 JP 1.1%
Kering S.A. KER FP 1.0%
NIO, Inc. NIO US 0.8%
Lasertec Corp. 6920 JP 0.8%
Bilibili, Inc. BILI US 0.7%
Agora, Inc. API US 0.3%
Chindata Group Holdings Ltd. CD US 0.3%
BASE, Inc. 4477 JP 0.3%

It is probable that buying or selling in the Fund portfolio will have occurred since this list was last updated. As a result of this buying or selling, the fund may own more, fewer, or no shares of the stock of any company listed. In addition, the fund may have purchased shares of companies that are not yet included in the above list.

This list of holdings is published with a one month lag on the first business day of each month. Holdings can and do vary over time.

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