Netto-Fonds

Übersicht zum fondsgebundenen Vermögensmanagement
durch Brilliant mit
Netto-Fonds
des renommierten Fondsunternehmens
Dimensional Fund Advisors1)
• Wesentliche Anlegerinformation zu den
eingesetzten Netto-Fonds
• Darstellung der internationale Anlagestreuung
• Aktuell gehaltene Titel in den Anlagestrategien
(Quelle: halbjährlicher Rechenschaftsbericht der
Fondsgesellschaft, Stand vom 30. November 2014)
1) Arbeitsstätte folgender
•
•
•
•
Nobelpreisträger (für Wirtschaftswissenschaft):
Eugene Fama, 2013
Myron Scholes, 1997
Merton Miller, 1990
Robert C. Merton, 1997
Wesentliche Anlegerinformationen
Gegenstand dieses Dokuments sind wesentliche Informationen für den Anleger über diesen Fonds. Es handelt sich nicht
um Werbematerial. Diese Informationen sind gesetzlich vorgeschrieben, um Ihnen die Wesensart dieses Fonds und die
Risiken einer Anlage in ihn zu erläutern. Wir raten Ihnen zur Lektüre dieses Dokuments, so dass Sie eine fundierte
Anlageentscheidung treffen können.
Multi-Factor Equity Fund
Anteilsklasse: EUR Distributing Shares (ISIN: IE00B53RD369)
ein Teilfonds von Dimensional Funds Plc.
Ziele und Anlagepolitik
Ziel ist es, den Wert Ihrer Anlage langfristig zu steigern und im
Fonds Erträge zu erzielen.
Der Fonds wird auf diskretionärer Basis verwaltet und investiert
vornehmlich in Aktien von Unternehmen mit einem Engagement
in entwickelten und/oder Schwellenländern.
Der Fonds wendet eine Kernstrategie an, die eine größere
Allokation in Aktien von kleineren Unternehmen sowie „Value“Unternehmen hat. Bei „Value“-Unternehmen handelt es sich um
Firmen, bei denen zum Zeitpunkt des Kaufs der Preis im
Vergleich zum bilanziellen Wert des Unternehmens niedrig ist.
Der Fonds kann bis zu 20 % seines Nettovermögens in
Schwellenländer investieren.
Die Zusammensetzung des Fonds kann auf der Grundlage von
Faktoren wie der Anzahl der umlaufenden Aktien öffentlicher
Unternehmen, die für die Anlegeröffentlichkeit frei verfügbar sind,
der Tendenz eines Wertpapiers bzw. einer Aktie, sich in eine
bestimmte Richtung zu bewegen, dem Liquiditätsmanagement
und der Rentabilität angepasst werden.
In geringerem Maße investiert der Fonds außerdem in
Investmentfonds, die in entwickelten Ländern und/oder
Schwellenländern anlegen und eine Kernstrategie verfolgen.
Dies bedeutet, dass sie ein allgemeines Engagement am
Aktienmarkt aufweisen, mit einem Schwerpunkt auf kleinere
Unternehmen sowie „Value“-Unternehmen. Maximal 20 % des
Nettovermögens des Fonds werden in einen einzelnen
Investmentfonds investiert.
Der Fonds kann Finanzkontrakte oder –instrumente (Derivate)
einsetzen, um Risiken zu verwalten, Kosten zu senken oder
Renditen zu steigern.
Erträge werden üblicherweise jährlich ausgeschüttet.
Anträge auf den Verkauf Ihrer Anlage im Fonds können täglich
gestellt werden.
Risiko- und Ertragsprofil
Geringeres
Risiko
Potenziell niedrigere Rendite
1
2
3
Höheres
Risiko
Typischerweise höhere
Rendite
4
5
6
7
Die Risiko- und Ertragskategorie wird mittels historischer Daten
berechnet, die nicht als verlässlicher Indikator auf das künftige
Risikoprofil des Fonds herangezogen werden können.
Die Risiko- und Ertragskategorie kann im Laufe der Zeit
Veränderungen unterliegen und stellt keine Zielvorgabe oder
Garantie dar.
Die niedrigste Kategorie (d.h. Kategorie 1) kann nicht mit einer
risikofreien Anlage gleichgesetzt werden.
Aufgrund der großen Schwankungsbreite und Häufigkeit der
Preisbewegungen (Volatilität) der dem Fonds zugrundeliegenden
Anlagen wird der Fonds in Kategorie 5 eingestuft.
Im Folgenden werden zusätzliche Risiken aufgeführt, die nicht
durch die Risiko- und Ertragskategorie abgedeckt werden.
Der Fonds kann entweder direkt oder über seine Beteiligungen
an anderen Investmentfonds Vermögenswerte halten, die auf
eine von der Währung der Anteile des Fonds oder des Landes,
in dem Sie leben, abweichende Währung lauten oder einer
solchen Währung gegenüber Engagements aufweisen.
Währungsschwankungen können starke Auswirkungen auf den
Wert Ihrer Anlage haben.
Anlagen in Aktien unterliegen Marktrisiken, die dazu führen
können, dass ihre Preise im Zeitverlauf schwanken. Dies kann
sich auf den Wert Ihrer Anlage auswirken.
Der Fonds kann in kleinere Unternehmen investieren. Dies ist mit
einem höheren Risiko verbunden, da die Aktienkurse kleinerer
Unternehmen stärker schwanken können als die von größeren
Unternehmen.
Der Fonds kann versuchen, „Value“-Aktien zu identifizieren und
in diese zu investieren. Hierbei handelt es sich um Aktien, deren
Kurse im Vergleich zu den bilanziellen Werten der sie
herausgebenden Unternehmen niedrig sind. Die finanziellen
Aussichten der fraglichen Unternehmen sind ungewiss und eine
Anlage in diesen Anteilen ist riskanter als die Anlage in Anteilen
im Allgemeinen.
Wenn der Fonds Termingeschäfte oder Devisentermingeschäfte
(Derivate) nutzt, ist er möglicherweise bestimmten Anlagerisiken
ausgesetzt (Hebelung, Markt, keine Übereinstimmung von
Engagement und/oder Ausfallrisiko). Obwohl nicht zu erwarten
ist, dass der Fonds in erheblichem Maße auf diese Weise
engagiert sein wird, kann jedwede Bewegung im Preis dieser
Anlagen signifikante Auswirkungen auf den Wert des Fonds
haben.
Der Fonds kann in (als Schwellenländer bezeichnete)
wirtschaftlich oder politisch weniger entwickelte Märkte
investieren, die mit höheren Risiken verbunden sein können als
stärker entwickelte Wirtschaftsräume. Unter anderem können
politische Unruhen und Konjunkturabschwünge mit größerer
Wahrscheinlichkeit eintreten und den Wert Ihrer Anlage
beeinträchtigen. Anlagen in Schwellenländern steigern zudem
das Ausfallrisiko.
Weitere allgemeine Risikohinweise sind im Abschnitt
„Risikofaktoren“ des Prospekts enthalten.
Multi-Factor Equity Fund, Anteilsklasse: EUR Distributing Shares, Wesentliche Anlegerinformationen, ISIN: IE00B53RD369
13-02-2015
1
Kosten
Die vom Anleger getragenen Kosten werden auf die Verwaltung des Fonds verwendet, einschließlich der Kosten für die Vermarktung
und den Vertrieb der Fondsanteile. Diese Kosten reduzieren das Wachstumspotenzial Ihrer Anlage.
Einmalige Kosten vor und nach der Anlage
Ausgabeaufschlag
Keine
Rücknahmeabschlag
Keine
Dabei handelt es sich um den Höchstbetrag, der von Ihrem
Investitionsbetrag vor der Anlage (Ausgabeaufschlag) oder von Ihrem
Auszahlungsbetrag vor der Auszahlung abgezogen wird
(Rücknahmeabschlag).
Kosten, die vom Fonds im Laufe des Jahres abgezogen
werden
Laufende Kosten
0,61%
Die hier angegeben laufenden Kosten fielen im letzten
Geschäftsjahr des Fonds an, das im November 2013
endete. Sie können von Jahr zu Jahr schwanken. Nicht
enthalten sind (gegebenenfalls anfallende) PortfolioTransaktionskosten und an die Wertentwicklung des Fonds
gebundene Gebühren.
Nähere Informationen zu den Kosten sind im Abschnitt
„Gebühren und Aufwendungen“ des Prospekts enthalten.
Es wird keine Umwandlungsgebühr von dem Fonds oder
dem Investment Manager erhoben.
Kosten, die der Fonds unter speziellen bestimmten
Umständen zu tragen hat
Von der Wertentwicklung des
Fonds abhängigen Gebühren
Bei
den
ausgewiesenen
Ausgabeaufund
Rücknahmeabschlägen handelt es sich um Höchstbeträge.
In einigen Fällen zahlen Sie gegebenenfalls weniger. Den
für Sie gültigen Betrag erfahren Sie von Ihrem Finanzberater
oder Ihrer Vertriebsstelle.
Keine
Wertentwicklung in der Vergangenheit
28%
19,9
21%
15,2
14%
7%
0%
-7%
2010
2011
2012
2013
2014
Bitte beachten Sie, dass die Wertentwicklung in der
Vergangenheit kein verlässlicher Indikator für künftige
Wertentwicklung ist.
Die laufenden Kosten des Fonds sind in der Berechnung der
Wertentwicklung in der Vergangenheit enthalten. Die
Ausgabeauf- und Rücknahmeabschläge sind in der
Berechnung der Wertentwicklung in der Vergangenheit nicht
enthalten.
Der Fonds wurde im Jahr 2011 aufgelegt und die Anteilsklasse
wurde im Jahr 2012 aufgelegt.
Die Wertentwicklung in der Vergangenheit wurde in EUR
berechnet.
Praktische Informationen
Die Verwahrstelle ist State Street Custodial Services (Ireland)
Limited.
Exemplare des Prospekts (welcher zusätzliche Informationen zu
Ihrer Anlage enthält), der aktuellen Jahresberichte und
nachfolgenden Halbjahresberichte (in englischer Sprache) sowie
weitere Informationen (einschließlich der aktuellen Anteilspreise)
sind kostenlos unter www.eu.dimensional.com erhältlich.
Der Prospekt und die regelmäßigen Berichte werden für
Dimensional Funds Plc insgesamt erstellt.
Für diesen Fonds sind möglicherweise weitere Anteilsklassen
erhältlich – nähere Angaben dazu entnehmen Sie bitte dem
Prospekt. Bitte beachten Sie, dass unter Umständen nicht alle
Anteilsklassen für den Vertrieb in Ihrem Land zugelassen sind.
Sie können eine Umwandlung von Anteilen an diesem Fonds in
Anteile derselben Klasse eines anderen Fonds von Dimensional
Funds Plc beantragen. Weitere Informationen zum Umtausch
Ihrer Anteile entnehmen Sie bitte dem entsprechenden Abschnitt
im Prospekt.
Die für den Fonds geltenden Steuervorschriften in Irland können
Ihre persönliche Steuerlage beeinflussen.
Dimensional Funds Plc kann lediglich auf der Grundlage einer in
diesem Dokument enthaltenen Erklärung haftbar gemacht
werden, die irreführend, unrichtig oder nicht mit den
einschlägigen Teilen des OGAW-Prospekts vereinbar ist.
Dimensional Funds Plc besteht aus einer Reihe von Fonds. Die
Vermögenswerte und Verbindlichkeiten der einzelnen Teilfonds
sind gesetzlich voneinander getrennt und Ihre Anlage in dem
Fonds sollte nicht zur Verfügung stehen, um die Verbindlichkeiten
eines anderen Fonds zu begleichen.
Der Fonds ist in Irland zugelassen und wird durch die irische Zentralbank reguliert.
Diese wesentlichen Informationen für den Anleger sind zutreffend und entsprechen dem Stand vom 13-02-2015.
Multi-Factor Equity Fund, Anteilsklasse: EUR Distributing Shares, Wesentliche Anlegerinformationen, ISIN: IE00B53RD369
13-02-2015
2
Wesentliche Anlegerinformationen
Gegenstand dieses Dokuments sind wesentliche Informationen für den Anleger über diesen Fonds. Es handelt sich nicht
um Werbematerial. Diese Informationen sind gesetzlich vorgeschrieben, um Ihnen die Wesensart dieses Fonds und die
Risiken einer Anlage in ihn zu erläutern. Wir raten Ihnen zur Lektüre dieses Dokuments, so dass Sie eine fundierte
Anlageentscheidung treffen können.
Global Short Fixed Income Fund
Anteilsklasse: EUR Distributing Shares (ISIN: IE00B3QL0Y14)
ein Teilfonds von Dimensional Funds Plc.
Ziele und Anlagepolitik
Ziel ist es, laufende Erträge zu maximieren und gleichzeitig den
Anlagewert zu erhalten.
Der Fonds wird auf diskretionärer Basis verwaltet und investiert
in qualitativ hochwertige Schuldtitel wie Anleihen, Commercial
Paper sowie Schuldverschreibungen von Banken und
Unternehmen mit einer Laufzeit von bis zu fünf Jahren. Der Fonds
wird für seine Anlagen in der Regel eine durchschnittliche Laufzeit
von bis zu fünf Jahren wahren. Diese Schuldtitel werden von
Regierungen, anderen öffentlichen Körperschaften und
Unternehmen aus entwickelten Ländern ausgegeben. Zum
Zeitpunkt des Erwerbs halten diese Schuldtitel in der Regel ein
Rating der bedeutenden Rating-Agenturen von AA- oder
langfristig Aa3.
Der Fonds kann Schuldtitel in vom Euro abweichenden
Währungen kaufen. Sofern er dies tut, wird er Finanzkontrakte
oder –instrumente (Derivate) einsetzen, um die entsprechenden
Währungsrisiken zu verwalten.
Der Fonds kann Derivate einsetzen, um Risiken zu verwalten,
Kosten zu senken oder Renditen zu steigern.
Erträge werden üblicherweise jährlich ausgeschüttet.
Anträge auf den Verkauf Ihrer Anlage im Fonds können täglich
gestellt werden.
Risiko- und Ertragsprofil
Geringeres
Risiko
Potenziell niedrigere Rendite
1
2
3
Höheres
Risiko
Typischerweise höhere
Rendite
4
5
6
7
Die Risiko- und Ertragskategorie wird mittels historischer Daten
berechnet, die nicht als verlässlicher Indikator auf das künftige
Risikoprofil des Fonds herangezogen werden können.
Die Risiko- und Ertragskategorie kann im Laufe der Zeit
Veränderungen unterliegen und stellt keine Zielvorgabe oder
Garantie dar.
Die niedrigste Kategorie (d.h. Kategorie 1) kann nicht mit einer
risikofreien Anlage gleichgesetzt werden.
Aufgrund der geringen Schwankungsbreite und Häufigkeit der
Preisbewegungen (Volatilität) der dem fonds zugrundeliegenden
Anlagen wird der fonds in Kategorie 2 eingestuft.
Im Folgenden werden zusätzliche Risiken aufgeführt, die nicht
durch die Risiko- und Ertragskategorie abgedeckt werden.
Der Fonds kann in Anleihen investieren, deren Rendite von der
Fähigkeit
des
Emittenten
abhängt,
seinen
Zahlungsverpflichtungen nachzukommen. Es besteht ein Risiko,
dass der Emittent dieser Verpflichtung nicht nachkommt. Der
Fonds investiert zwar in der Regel in Anleihen mit höherem
Bonitätsrating, diese Ratings sind jedoch subjektiv, und ein hohes
Rating garantiert nicht die Zahlungsfähigkeit des Emittenten.
Handelbare Schuldtitel (Anleihen) können aufgrund diverser
Faktoren häufigen und erheblichen Preisschwankungen
ausgesetzt sein, unter anderem aufgrund von Änderungen von
Zinssätzen, der Bonität des Emittenten und der Leichtigkeit, mit
der sich ähnliche Anlagen kaufen oder verkaufen lassen
(Liquidität).
Der Fonds kann (als Derivate bezeichnete) Finanzkontrakte aus
verschiedenen Gründen verwenden, unter anderem um zu
versuchen, die Auswirkungen von Währungsschwankungen
zwischen der Währung seiner Vermögenswerte und der
Basiswährung des Fonds oder von Markt- oder Zinsbewegungen
zu reduzieren (dies wird als Absicherung bezeichnet). Die
Wirksamkeit einer Absicherungsstrategie wird nicht garantiert,
und sie kann den Fonds daran hindern, von einem Anstieg des
Werts einer bestimmten Währung zu profitieren.
Es können Finanzkontrakte (Derivate) mit einer anderen Partei
abgeschlossen werden. Es besteht das Risiko, dass diese Partei
insolvent wird oder ihre Zahlungen nicht leistet, was zu einem
Verlust für den Fonds und Ihre Anlage führen kann.
Wenn der Fonds Termingeschäfte oder Devisentermingeschäfte
(Derivate) nutzt, ist er möglicherweise bestimmten Anlagerisiken
ausgesetzt (Hebelung, Markt, keine Übereinstimmung von
Engagement und/oder Ausfallrisiko). Obwohl nicht zu erwarten
ist, dass der Fonds in erheblichem Maße auf diese Weise
engagiert sein wird, kann jedwede Bewegung im Preis dieser
Anlagen signifikante Auswirkungen auf den Wert des Fonds
haben.
Weitere allgemeine Risikohinweise sind im Abschnitt
„Risikofaktoren“ des Prospekts enthalten.
Global Short Fixed Income Fund, Anteilsklasse: EUR Distributing Shares, Wesentliche Anlegerinformationen, ISIN:
IE00B3QL0Y14 13-02-2015
1
Kosten
Die vom Anleger getragenen Kosten werden auf die Verwaltung des Fonds verwendet, einschließlich der Kosten für die Vermarktung
und den Vertrieb der Fondsanteile. Diese Kosten reduzieren das Wachstumspotenzial Ihrer Anlage.
Einmalige Kosten vor und nach der Anlage
Ausgabeaufschlag
Keine
Rücknahmeabschlag
Keine
Dabei handelt es sich um den Höchstbetrag, der von Ihrem
Investitionsbetrag vor der Anlage (Ausgabeaufschlag) oder von Ihrem
Auszahlungsbetrag vor der Auszahlung abgezogen wird
(Rücknahmeabschlag).
Kosten, die vom Fonds im Laufe des Jahres abgezogen
werden
Laufende Kosten
0,32%
Kosten, die der Fonds unter speziellen bestimmten
Umständen zu tragen hat
Von der Wertentwicklung des
Fonds abhängigen Gebühren
Keine
Bei
den
ausgewiesenen
Ausgabeaufund
Rücknahmeabschlägen handelt es sich um Höchstbeträge.
In einigen Fällen zahlen Sie gegebenenfalls weniger. Den
für Sie gültigen Betrag erfahren Sie von Ihrem Finanzberater
oder Ihrer Vertriebsstelle.
Bei den an dieser Stelle ausgewiesenen laufenden Kosten
handelt es sich um eine auf das Jahr gerechnete
Kostenschätzung, da ein angemessen signifikanter
Unterschied zu den letzten ausgewiesenen laufenden
Kosten vorliegt. Der Jahresbericht des Fonds für jedes
Geschäftsjahr enthält Einzelheiten zu den genauen
berechneten Kosten. Nicht enthalten sind (gegebenenfalls
anfallende) Portfolio-Transaktionskosten und an die
Wertentwicklung des Fonds gebundene Gebühren.
Nähere Informationen zu den Kosten sind im Abschnitt
„Gebühren und Aufwendungen“ des Prospekts enthalten.
Es wird keine Umwandlungsgebühr von dem Fonds oder
dem Investment Manager erhoben.
Wertentwicklung in der Vergangenheit
4%
3,0
3%
2%
1%
0%
-1%
-0,8
-2%
2010
2011
2012
2013
2014
Bitte beachten Sie, dass die Wertentwicklung in der
Vergangenheit kein verlässlicher Indikator für künftige
Wertentwicklung ist.
Die laufenden Kosten des Fonds sind in der Berechnung der
Wertentwicklung in der Vergangenheit enthalten. Die
Ausgabeauf- und Rücknahmeabschläge sind in der
Berechnung der Wertentwicklung in der Vergangenheit nicht
enthalten.
Der Fonds wurde im Jahr 2007 aufgelegt und die Anteilsklasse
wurde im Jahr 2012 aufgelegt.
Die Wertentwicklung in der Vergangenheit wurde in EUR
berechnet.
Praktische Informationen
Die Verwahrstelle ist State Street Custodial Services (Ireland)
Limited.
Exemplare des Prospekts (welcher zusätzliche Informationen zu
Ihrer Anlage enthält), der aktuellen Jahresberichte und
nachfolgenden Halbjahresberichte (in englischer Sprache) sowie
weitere Informationen (einschließlich der aktuellen Anteilspreise)
sind kostenlos unter www.eu.dimensional.com erhältlich.
Der Prospekt und die regelmäßigen Berichte werden für
Dimensional Funds Plc insgesamt erstellt.
Für diesen Fonds sind möglicherweise weitere Anteilsklassen
erhältlich – nähere Angaben dazu entnehmen Sie bitte dem
Prospekt. Bitte beachten Sie, dass unter Umständen nicht alle
Anteilsklassen für den Vertrieb in Ihrem Land zugelassen sind.
Sie können eine Umwandlung von Anteilen an diesem Fonds in
Anteile derselben Klasse eines anderen Fonds von Dimensional
Funds Plc beantragen. Weitere Informationen zum Umtausch
Ihrer Anteile entnehmen Sie bitte dem entsprechenden Abschnitt
im Prospekt.
Die für den Fonds geltenden Steuervorschriften in Irland können
Ihre persönliche Steuerlage beeinflussen.
Dimensional Funds Plc kann lediglich auf der Grundlage einer in
diesem Dokument enthaltenen Erklärung haftbar gemacht
werden, die irreführend, unrichtig oder nicht mit den
einschlägigen Teilen des OGAW-Prospekts vereinbar ist.
Dimensional Funds Plc besteht aus einer Reihe von Fonds. Die
Vermögenswerte und Verbindlichkeiten der einzelnen Teilfonds
sind gesetzlich voneinander getrennt und Ihre Anlage in dem
Fonds sollte nicht zur Verfügung stehen, um die Verbindlichkeiten
eines anderen Fonds zu begleichen.
Der Fonds ist in Irland zugelassen und wird durch die irische Zentralbank reguliert.
Diese wesentlichen Informationen für den Anleger sind zutreffend und entsprechen dem Stand vom 13-02-2015.
Global Short Fixed Income Fund, Anteilsklasse: EUR Distributing Shares, Wesentliche Anlegerinformationen, ISIN:
IE00B3QL0Y14 13-02-2015
2
Systematische Streuung nach Weltmarkt
Weltwirtschaft nach Marktkapitalisierung der Unternehmen an den



Industriestaaten
Schwellenländer
Not invested
In euros. Market cap data is free-float adjusted from Bloomberg Securities Data. Many nations not displayed. Totals may not equal 100% due to rounding. Dimensional
makes case-by-case determinations about the suitability of investing in each emerging market, making considerations that include local market accessibility, government
stability, and property rights, before making investments. For educational purposes; should not be used as investment advice. China market capitalisation excludes Ashares, which are generally only available to mainland China investors. 1. An example large cap stock provided for comparison.
- Kapitalisierung
Aktienmärkten (Stand 31.12.2014)
Wie bildet man die Welt richtig ab? Sich nur an die Landesgrößen zu
orientieren kann die Anlageentscheidungen verzerren. Vergleicht man
hingegen direkte Marktgrößen der Länder führt dies zu erstaunlichen
Ergebnissen. Kenngrößen wie Bevölkerungszahl, Bruttosozialprodukt
oder Exportsumme geben allerdings keine geeigneten Hinweise auf
Größe oder Eignung zur Geldanlage in einen Markt. Die vorliegende
Darstellung illustriert die Verteilung von Anlagemöglichkeiten in
Aktienwerte rund um den Globus. Die Größe eines jeden Landes ist
proportional zu seiner relativen Marktkapitalisierung dargestellt.
Natürlich ist die Welt nicht starr sondern die Größenverhält-nisse der
Nationen unterliegen beständiger Veränderung. Dieser Blick auf die
Welt wirft ein besseres Licht auf die Herausforderung optimaler
Diversifizierung und verdeutlicht die Entscheidung der
Anlagegewichtung.
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014
Shares (000's)
Collective Investment Schemes*
United Kingdom – 12.44%
Dimensional Funds ICVC - Emerging Markets Core
1,178 Equity Fund - GBP Income Class
Total Collective Investment Schemes – 12.44%
(30 November 2013: 99.99%)
Common Stock
Australia – 2.56%
20 Adelaide Brighton Ltd
4 AGL Energy Ltd
2 Ainsworth Game Technology Ltd
7 ALS Ltd
71 Alumina Ltd
2 Amalgamated Holdings Ltd
4 Amcom Telecommunications Ltd
9 Amcor Ltd
69 AMP Ltd
5 Ansell Ltd
11 APA Group
14 APN News & Media Ltd
48 Aquarius Platinum Ltd
2 ARB Corp Ltd
8 Ardent Leisure Group
10 Aristocrat Leisure Ltd
82 Arrium Ltd
23 Asciano Ltd
4 ASX Ltd
14 Atlas Iron Ltd
13 Aurizon Holdings Ltd
32 AusNet Services
1 Austbrokers Holdings Ltd
21 Australia & New Zealand Banking Group Ltd
6 Australian Agricultural Co Ltd
10 Automotive Holdings Group Ltd
7 Aveo Group
19 AWE Ltd
10 Bank of Queensland Ltd
2 BC Iron Ltd
52 Beach Energy Ltd
27 Beadell Resources Ltd
1 Bega Cheese Ltd
12 Bendigo and Adelaide Bank Ltd
36 BHP Billiton Ltd
– Blackmores Ltd
15 BlueScope Steel Ltd
26 Boral Ltd
5 Bradken Ltd
9 Brambles Ltd
1 Breville Group Ltd
3 Brickworks Ltd
1 BT Investment Management Ltd
2 Cabcharge Australia Ltd
3 Caltex Australia Ltd
4 Cardno Ltd
4 carsales.com Ltd
5 Cash Converters International Ltd
1 Cedar Woods Properties Ltd
16 Challenger Ltd
8 Coca-Cola Amatil Ltd
1 Cochlear Ltd
6 Commonwealth Bank of Australia
7 Computershare Ltd
2 Crown Resorts Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
33,866
12.44
33,866
12.44
33,866
12.44
38
32
2
19
65
13
6
60
213
53
46
6
7
11
13
36
10
72
74
1
32
23
5
362
5
22
7
15
66
1
29
3
3
85
605
4
40
68
11
47
5
18
4
5
53
7
20
3
3
57
38
35
260
44
15
0.01
0.01
–
0.01
0.02
0.01
–
0.02
0.08
0.02
0.02
–
–
–
0.01
0.01
–
0.03
0.03
–
0.01
0.01
–
0.13
–
0.01
–
0.01
0.02
–
0.01
–
–
0.03
0.22
–
0.02
0.03
–
0.02
–
0.01
–
–
0.02
–
0.01
–
–
0.02
0.01
0.01
0.10
0.02
0.01
Shares (000's)
Common Stock (continued)
Australia – 2.56% (continued)
3 CSL Ltd
16 CSR Ltd
1 Domino's Pizza Enterprises Ltd
15 Downer EDI Ltd
20 Drillsearch Energy Ltd
26 Duet Group
11 DuluxGroup Ltd
25 Echo Entertainment Group Ltd
8 Evolution Mining Ltd
80 Fairfax Media Ltd
7 FlexiGroup Ltd
1 Flight Centre Travel Group Ltd
32 Fortescue Metals Group Ltd
3 G8 Education Ltd
55 Goodman Fielder Ltd
8 GrainCorp Ltd
4 GUD Holdings Ltd
6 GWA Group Ltd
14 Harvey Norman Holdings Ltd
4 Hills Ltd
4 iiNET Ltd
7 Iluka Resources Ltd
46 Incitec Pivot Ltd
11 Independence Group NL
41 Insurance Australia Group Ltd
4 Invocare Ltd
5 IOOF Holdings Ltd
3 Iress Ltd
8 James Hardie Industries PLC
3 JB Hi-Fi Ltd
10 Karoon Gas Australia Ltd
3 Leighton Holdings Ltd
7 Lend Lease Group
4 M2 Group Ltd
3 Macquarie Group Ltd
1 Magellan Financial Group Ltd
8 Mayne Pharma Group Ltd
1 McMillan Shakespeare Ltd
33 Metcash Ltd
5 Mineral Resources Ltd
11 MMA Offshore Ltd
3 Monadelphous Group Ltd
2 Mortgage Choice Ltd
11 Mount Gibson Iron Ltd
18 Myer Holdings Ltd
12 National Australia Bank Ltd
5 Navitas Ltd
8 New Hope Corp Ltd
10 Newcrest Mining Ltd
7 NIB Holdings Ltd
32 Northern Star Resources Ltd
5 Nufarm Ltd
5 Oil Search Ltd
5 Orica Ltd
12 Origin Energy Ltd
36 Orora Ltd
11 OZ Minerals Ltd
29 Pacific Brands Ltd
12 PanAust Ltd
1 Perpetual Ltd
3 Platinum Asset Management Ltd
2 Premier Investments Ltd
Value
(000's)
GBP
% of Net
Asset
Value
133
30
12
34
10
34
33
50
2
32
12
19
50
8
19
33
17
10
28
2
19
28
71
24
142
24
24
14
56
21
15
29
57
17
97
10
3
5
47
21
9
13
3
3
15
218
15
10
54
13
20
13
21
52
82
35
20
8
11
28
12
14
0.05
0.01
–
0.01
–
0.01
0.01
0.02
–
0.01
–
0.01
0.02
–
0.01
0.01
0.01
–
0.01
–
0.01
0.01
0.03
0.01
0.05
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.02
0.01
0.04
–
–
–
0.02
0.01
–
0.01
–
–
0.01
0.08
0.01
–
0.02
0.01
0.01
0.01
0.01
0.02
0.03
0.01
0.01
–
–
0.01
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
215
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Australia – 2.56% (continued)
15 Primary Health Care Ltd
40 Qantas Airways Ltd
14 QBE Insurance Group Ltd
12 Qube Holdings Ltd
1 Ramsay Health Care Ltd
2 RCR Tomlinson Ltd
1 REA Group Ltd
9 Recall Holdings Ltd
6 Regis Resources Ltd
10 Resolute Mining Ltd
2 Retail Food Group Ltd
5 Rio Tinto Ltd
13 Roc Oil Co Ltd
3 SAI Global Ltd
1 Sandfire Resources NL
12 Santos Ltd
19 Saracen Mineral Holdings Ltd
2 Seek Ltd
2 Select Harvests Ltd
15 Senex Energy Ltd
1 Servcorp Ltd
1 Seven Group Holdings Ltd
13 Seven West Media Ltd
31 Sigma Pharmaceuticals Ltd
7 Sims Metal Management Ltd
1 Sirtex Medical Ltd
9 Skilled Group Ltd
3 Slater & Gordon Ltd
8 Sonic Healthcare Ltd
17 Southern Cross Media Group Ltd
28 Spark Infrastructure Group
6 STW Communications Group Ltd
15 Suncorp Group Ltd
6 Sundance Energy Australia Ltd
3 Super Retail Group Ltd
8 Sydney Airport
25 Tabcorp Holdings Ltd
2 Tassal Group Ltd
38 Tatts Group Ltd
4 Technology One Ltd
15 Telstra Corp Ltd
26 Ten Network Holdings Ltd
5 TFS Corp Ltd
18 Toll Holdings Ltd
2 Tox Free Solutions Ltd
4 TPG Telecom Ltd
13 Transfield Services Ltd
58 Transpacific Industries Group Ltd
9 Transurban Group
23 Treasury Wine Estates Ltd
5 UGL Ltd
1 Village Roadshow Ltd
49 Virgin Australia Holdings Ltd
10 Wesfarmers Ltd
3 Western Areas Ltd
18 Westpac Banking Corp
12 Whitehaven Coal Ltd
13 Woodside Petroleum Ltd
4 Woolworths Ltd
4 WorleyParsons Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
39
42
84
14
25
3
30
30
4
1
5
158
5
7
4
65
3
21
7
3
4
4
11
12
40
12
9
10
76
9
30
4
117
2
13
20
56
4
71
6
46
3
3
55
3
15
13
29
43
60
5
4
11
215
7
312
8
245
75
24
0.01
0.02
0.03
0.01
0.01
–
0.01
0.01
–
–
–
0.06
–
–
–
0.02
–
0.01
–
–
–
–
–
0.01
0.02
–
–
–
0.03
–
0.01
–
0.04
–
0.01
0.01
0.02
–
0.03
–
0.02
–
–
0.02
–
0.01
0.01
0.01
0.02
0.02
–
–
–
0.08
–
0.12
–
0.09
0.03
0.01
6,974
2.56
Shares (000's)
Common Stock (continued)
Austria – 0.20%
1 Andritz AG
3 Atrium European Real Estate Ltd
1 Buwog AG
2 CA Immobilien Anlagen AG
1 Conwert Immobilien Invest SE
2 Erste Group Bank AG
1 EVN AG
– Flughafen Wien AG
18 Immofinanz AG
– Lenzing AG
– Mayr Melnhof Karton AG
– Oberbank AG
1 Oesterreichische Post AG
3 OMV AG
– Palfinger AG
3 Raiffeisen Bank International AG
1 RHI AG
– Rosenbauer International AG
– Schoeller-Bleckmann Oilfield Equipment AG
– Semperit AG Holding
1 Strabag SE
2 UNIQA Insurance Group AG
1 Verbund AG
Vienna Insurance Group AG Wiener Versicherung
1 Gruppe
3 Voestalpine AG
4 Wienerberger AG
– Zumtobel Group AG
Belgium – 0.52%
1 Ablynx NV
1 Ackermans & van Haaren NV
6 Ageas
3 AGFA-Gevaert NV
3 Anheuser-Busch InBev NV
1 Arseus NV
– Banque Nationale de Belgique
1 Barco NV
4 Belgacom SA
– Cie d'Entreprises CFE
2 Colruyt SA
1 D'ieteren SA
3 Delhaize Group SA
1 Econocom Group SA
1 Elia System Operator SA
1 Euronav NV
– EVS Broadcast Equipment SA
– Exmar NV
1 Gimv NV
3 KBC Groep NV
– Kinepolis Group NV
– Lotus Bakeries
1 Melexis NV
1 Mobistar SA
1 NV Bekaert SA
7 Nyrstar NV
– Sipef SA
1 Solvay SA
1 Telenet Group Holding NV
1 Tessenderlo Chemie NV
1 ThromboGenics NV
1 UCB SA
3 Umicore SA
Value
(000's)
GBP
% of Net
Asset
Value
31
10
9
28
8
40
5
23
34
13
23
7
17
56
3
40
7
6
9
7
8
12
18
0.01
–
–
0.01
–
0.02
–
0.01
0.01
0.01
0.01
–
0.01
0.02
–
0.02
–
–
–
–
–
0.01
0.01
32
67
31
5
0.01
0.03
0.01
–
549
0.20
5
69
145
4
253
20
23
28
103
28
50
12
160
5
17
7
3
3
24
99
8
4
16
19
30
16
6
124
19
21
3
53
69
–
0.02
0.05
–
0.08
0.01
0.01
0.01
0.04
0.01
0.02
–
0.06
–
0.01
–
–
–
0.01
0.04
–
–
0.01
0.01
0.01
0.01
–
0.05
0.01
0.01
–
0.02
0.02
Annual Report and Audited Financial Statements, 30 November 2014
216
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Belgium – 0.52% (continued)
– Van de Velde NV
2 Viohalco SA
Brazil – 0.03%
20 BM&FBovespa SA
3 Cia Hering
9 Cia Siderurgica Nacional SA
Canada – 3.56%
6 Advantage Oil & Gas Ltd
2 Aecon Group Inc
– AG Growth International Inc
2 AGF Management Ltd
2 Agnico Eagle Mines Ltd
3 Agrium Inc
1 Aimia Inc
4 Alacer Gold Corp
5 Alamos Gold Inc
1 Alaris Royalty Corp
5 Algonquin Power & Utilities Corp
3 Alimentation Couche-Tard Inc
1 AltaGas Ltd
1 Altus Group Ltd
1 Amaya Gaming Group Inc
2 ARC Resources Ltd
2 Argonaut Gold Inc
5 Asanko Gold Inc
1 Atco Ltd
9 Athabasca Oil Corp
1 ATS Automation Tooling Systems Inc
11 AuRico Gold Inc
1 AutoCanada Inc
13 B2Gold Corp
1 Badger Daylighting Ltd
5 Bank of Montreal
7 Bank of Nova Scotia
11 Bankers Petroleum Ltd
17 Barrick Gold Corp
6 Baytex Energy Corp
1 BCE Inc
7 Bellatrix Exploration Ltd
4 Birchcliff Energy Ltd
1 Black Diamond Group Ltd
14 BlackBerry Ltd
4 BlackPearl Resources Inc
11 Bombardier Inc
7 Bonavista Energy Corp
1 Bonterra Energy Corp
2 Brookfield Asset Management Inc
– Brookfield Residential Properties Inc
4 CAE Inc
2 Calfrac Well Services Ltd
3 Cameco Corp
4 Canaccord Genuity Group Inc
1 Canacol Energy Ltd
3 Canadian Energy Services & Technology Corp
2 Canadian Imperial Bank of Commerce
4 Canadian National Railway Co
19 Canadian Natural Resources Ltd
5 Canadian Oil Sands Ltd
1 Canadian Pacific Railway Ltd
1 Canadian Tire Corp Ltd
1 Canadian Utilities Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
5
4
–
–
1,455
0.52
52
16
15
0.01
0.01
0.01
83
0.03
18
12
8
12
32
160
10
4
23
15
26
58
22
10
15
34
2
5
33
12
6
24
18
14
17
224
293
21
132
76
25
20
21
10
91
3
26
35
21
63
6
34
16
40
19
2
11
107
169
404
42
78
90
12
0.01
–
–
–
0.01
0.06
–
–
0.01
0.01
0.01
0.02
0.01
–
0.01
0.01
–
–
0.01
–
–
0.01
0.01
0.01
0.01
0.08
0.11
0.01
0.05
0.03
0.01
0.01
0.01
–
0.03
–
0.01
0.01
0.01
0.02
–
0.01
0.01
0.02
0.01
–
–
0.04
0.06
0.15
0.02
0.03
0.03
–
Shares (000's)
Common Stock (continued)
Canada – 3.56% (continued)
2 Canadian Western Bank
1 Canam Group Inc
1 CanElson Drilling Inc
5 Canexus Corp
1 Canfor Corp
1 Canfor Pulp Products Inc
1 Canyon Services Group Inc
2 Capital Power Corp
3 Capstone Infrastructure Corp
11 Capstone Mining Corp
1 Cascades Inc
2 Catamaran Corp
– CCL Industries Inc
7 Celestica Inc
10 Cenovus Energy Inc
6 Centerra Gold Inc
2 Cequence Energy Ltd
3 CGI Group Inc
2 China Gold International Resources Corp Ltd
1 CI Financial Corp
1 Cineplex Inc
1 Cogeco Cable Inc
– Cogeco Inc
2 Computer Modelling Group Ltd
– Constellation Software Inc
3 Continental Gold Ltd
3 Corus Entertainment Inc
3 Cott Corp
8 Crescent Point Energy Corp
4 Crew Energy Inc
3 DeeThree Exploration Ltd
2 Delphi Energy Corp
5 Denison Mines Corp
7 Detour Gold Corp
2 DH Corp
2 Dollarama Inc
2 Dominion Diamond Corp
1 Dorel Industries Inc
4 Dundee Precious Metals Inc
18 Eldorado Gold Corp
– Emera Inc
1 Empire Co Ltd
2 Enbridge Inc
1 Enbridge Income Fund Holdings Inc
13 Encana Corp
5 Endeavour Silver Corp
2 EnerCare Inc
2 Enerflex Ltd
6 Enerplus Corp
– Enghouse Systems Ltd
5 Ensign Energy Services Inc
– Equitable Group Inc
3 Extendicare Inc
– Fairfax Financial Holdings Ltd
4 Finning International Inc
1 First Capital Realty Inc
3 First Majestic Silver Corp
7 First Quantum Minerals Ltd
1 FirstService Corp
1 Fortis Inc
2 Fortuna Silver Mines Inc
1 Franco-Nevada Corp
1 Freehold Royalties Ltd
Value
(000's)
GBP
% of Net
Asset
Value
43
3
3
9
23
4
3
30
7
12
4
54
27
48
138
16
2
63
3
23
19
35
7
11
45
3
35
12
128
17
10
2
3
33
36
55
21
21
6
73
7
37
63
18
128
8
20
21
46
7
31
11
12
76
58
15
8
72
34
28
4
20
13
0.02
–
–
–
0.01
–
–
0.01
–
–
–
0.02
0.01
0.02
0.05
0.01
–
0.02
–
0.01
0.01
0.01
–
–
0.02
–
0.01
–
0.05
0.01
–
–
–
0.01
0.01
0.02
0.01
0.01
–
0.03
–
0.01
0.02
0.01
0.05
–
0.01
0.01
0.02
–
0.01
–
–
0.03
0.02
0.01
–
0.03
0.01
0.01
–
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
217
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Canada – 3.56% (continued)
1 Genworth MI Canada Inc
1 George Weston Ltd
2 Gibson Energy Inc
– Gildan Activewear Inc
1 Gluskin Sheff & Associates Inc
1 GMP Capital Inc
5 Goldcorp Inc
7 Gran Tierra Energy Inc
1 Great Canadian Gaming Corp
2 Great-West Lifeco Inc
1 Guardian Capital Group Ltd
5 Guyana Goldfields Inc
2 Home Capital Group Inc
3 Horizon North Logistics Inc
10 HudBay Minerals Inc
1 Hudson's Bay Co
5 Husky Energy Inc
5 IAMGOLD Corp
1 IGM Financial Inc
1 Imax Corp
1 Imperial Metals Corp
3 Imperial Oil Ltd
3 Industrial Alliance Insurance & Financial Services
Inc
3 Innergex Renewable Energy Inc
1 Intact Financial Corp
1 Inter Pipeline Ltd
3 Interfor Corp
2 Intertape Polymer Group Inc
9 Ithaca Energy Inc
– Jean Coutu Group PJC Inc
1 Keyera Corp
26 Kinross Gold Corp
10 Lake Shore Gold Corp
1 Laurentian Bank of Canada
7 Legacy Oil & Gas Inc
7 Lightstream Resources Ltd
1 Linamar Corp
1 Loblaw Cos Ltd
3 Long Run Exploration Ltd
4 Lucara Diamond Corp
13 Lundin Mining Corp
– MacDonald Dettwiler & Associates Ltd
2 Magna International Inc
2 Major Drilling Group International Inc
12 Mandalay Resources Corp
1 Manitoba Telecom Services Inc
16 Manulife Financial Corp
5 Maple Leaf Foods Inc
4 Martinrea International Inc
1 MEG Energy Corp
1 Methanex Corp
2 Metro Inc
– Morguard Corp
1 Morneau Shepell Inc
3 Mullen Group Ltd
5 National Bank of Canada
3 Nevsun Resources Ltd
1 New Flyer Industries Inc
13 New Gold Inc
2 Newalta Corp
1 Norbord Inc
1 North West Co Inc
2 Northland Power Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
26
70
34
16
8
3
62
16
6
34
7
8
45
5
47
11
68
7
15
22
4
83
0.01
0.03
0.01
0.01
–
–
0.02
0.01
–
0.01
–
–
0.02
–
0.02
–
0.03
–
0.01
0.01
–
0.03
74
19
37
14
30
17
6
7
29
46
5
32
12
9
56
49
4
5
40
22
108
9
6
20
199
49
22
14
25
111
8
6
38
145
7
8
33
20
13
13
14
0.03
0.01
0.01
0.01
0.01
0.01
–
–
0.01
0.02
–
0.01
–
–
0.02
0.02
–
–
0.02
0.01
0.04
–
–
0.01
0.07
0.02
0.01
0.01
0.01
0.04
–
–
0.01
0.05
–
–
0.01
0.01
0.01
0.01
0.01
Shares (000's)
Common Stock (continued)
Canada – 3.56% (continued)
2 Novagold Resources Inc
4 NuVista Energy Ltd
10 OceanaGold Corp
1 Onex Corp
1 Open Text Corp
1 Osisko Gold Royalties Ltd
8 Pacific Rubiales Energy Corp
2 Painted Pony Petroleum Ltd
3 Pan American Silver Corp
– Paramount Resources Ltd
4 Parex Resources Inc
1 Parkland Fuel Corp
1 Pason Systems Inc
1 Pembina Pipeline Corp
13 Pengrowth Energy Corp
12 Penn West Petroleum Ltd
2 Peyto Exploration & Development Corp
– PHX Energy Services Corp
9 Platinum Group Metals Ltd
3 Potash Corp of Saskatchewan Inc
8 Precision Drilling Corp
6 Premier Gold Mines Ltd
2 Pretium Resources Inc
6 Primero Mining Corp
4 Progressive Waste Solutions Ltd
1 Quebecor Inc
– Richelieu Hardware Ltd
1 Ritchie Bros Auctioneers Inc
6 RMP Energy Inc
1 Rogers Communications Inc
13 Romarco Minerals Inc
6 RONA Inc
6 Royal Bank of Canada
11 Rubicon Minerals Corp
1 Russel Metals Inc
3 Sandstorm Gold Ltd
2 Saputo Inc
3 Savanna Energy Services Corp
1 Sears Canada Inc
1 Secure Energy Services Inc
7 SEMAFO Inc
4 Shaw Communications Inc
1 ShawCor Ltd
11 Sherritt International Corp
– Sierra Wireless Inc
2 Silver Standard Resources Inc
2 Silver Wheaton Corp
– SNC-Lavalin Group Inc
4 Sprott Inc
1 Stantec Inc
– Stella-Jones Inc
4 Sun Life Financial Inc
21 Suncor Energy Inc
1 SunOpta Inc
5 Superior Plus Corp
6 Surge Energy Inc
25 Talisman Energy Inc
3 Taseko Mines Ltd
6 Teck Resources Ltd
1 TELUS Corp
2 Thompson Creek Metals Co Inc
3 Thomson Reuters Corp
1 Tim Hortons Inc
Value
(000's)
GBP
% of Net
Asset
Value
4
17
12
27
26
4
51
9
19
4
18
14
21
22
28
28
30
2
3
59
34
7
6
15
82
20
11
22
16
26
4
44
269
7
22
5
42
9
4
14
13
73
14
16
9
7
22
10
6
26
8
92
431
6
32
17
77
2
58
27
3
69
43
–
0.01
–
0.01
0.01
–
0.02
–
0.01
–
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
–
0.02
0.01
–
–
0.01
0.03
0.01
–
0.01
0.01
0.01
–
0.02
0.10
–
0.01
–
0.02
–
–
0.01
0.01
0.03
0.01
0.01
–
–
0.01
–
–
0.01
–
0.03
0.16
–
0.01
0.01
0.03
–
0.02
0.01
–
0.03
0.02
Annual Report and Audited Financial Statements, 30 November 2014
218
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Canada – 3.56% (continued)
– TMX Group Ltd
2 TORC Oil & Gas Ltd
31 Torex Gold Resources Inc
2 Toromont Industries Ltd
11 Toronto-Dominion Bank
1 Torstar Corp
– Total Energy Services Inc
1 Tourmaline Oil Corp
10 TransAlta Corp
3 TransCanada Corp
3 Transcontinental Inc
3 TransForce Inc
1 TransGlobe Energy Corp
5 Trican Well Service Ltd
1 Trilogy Energy Corp
5 Trinidad Drilling Ltd
5 Turquoise Hill Resources Ltd
4 Twin Butte Energy Ltd
– Uni-Select Inc
1 Valeant Pharmaceuticals International Inc
1 Valener Inc
1 Veresen Inc
1 Vermilion Energy Inc
1 Wajax Corp
1 West Fraser Timber Co Ltd
2 Western Energy Services Corp
16 Western Forest Products Inc
1 Westshore Terminals Investment Corp
6 Whitecap Resources Inc
6 Wi-Lan Inc
2 WSP Global Inc
9 Yamana Gold Inc
China – 0.11%
1 AAC Technologies Holdings Inc
14 Angang Steel Co Ltd
8 Beijing Capital International Airport Co Ltd
15 China Communications Construction Co Ltd
16 China Communications Services Corp Ltd
6 China Everbright Ltd
24 China Hongqiao Group Ltd
2 China Merchants Holdings International Co Ltd
52 China National Building Material Co Ltd
80 China Oil & Gas Group Ltd
24 China Resources Cement Holdings Ltd
26 China Shipping Development Co Ltd
42 China Travel International Investment Hong Kong
Ltd
4 COSCO Pacific Ltd
38 Country Garden Holdings Co Ltd
19 Evergrande Real Estate Group Ltd
46 Franshion Properties China Ltd
30 Geely Automobile Holdings Ltd
40 Goldin Properties Holdings Ltd
12 Guangzhou Automobile Group Co Ltd
1 Hopewell Highway Infrastructure Ltd
27 Huabao International Holdings Ltd
3 Kingboard Chemical Holdings Ltd
20 New World China Land Ltd
4 Shanghai Industrial Holdings Ltd
15 Shimao Property Holdings Ltd
84 Shui On Land Ltd
15 Sunac China Holdings Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
3
10
22
28
352
4
4
30
63
99
21
52
2
21
7
15
11
3
5
107
7
14
17
20
37
5
21
20
38
12
31
20
–
–
0.01
0.01
0.13
–
–
0.01
0.02
0.04
0.01
0.02
–
0.01
–
0.01
–
–
–
0.04
–
0.01
0.01
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.01
9,702
3.56
4
6
4
10
5
9
12
4
32
8
11
11
–
–
–
–
–
–
0.01
–
0.01
–
0.01
0.01
9
4
10
5
8
8
15
7
–
15
3
8
8
22
13
9
–
–
0.01
–
–
–
0.01
–
–
0.01
–
–
–
0.01
0.01
–
Shares (000's)
Common Stock (continued)
China – 0.11% (continued)
6 Weichai Power Co Ltd
23 Yingde Gases Group Co Ltd
Denmark – 0.59%
– ALK-Abello AS
3 Alm Brand AS
– Ambu AS
– AP Moeller - Maersk AS, Class A
– AP Moeller - Maersk AS, Class B
1 Auriga Industries AS
1 Bang & Olufsen AS
1 Bavarian Nordic AS
1 Carlsberg AS
2 Chr Hansen Holding AS
– Coloplast AS
1 D/S Norden AS
6 Danske Bank AS
– Dfds AS
6 DSV AS
2 FLSmidth & Co AS
1 Genmab AS
5 GN Store Nord AS
1 H Lundbeck AS
2 Jyske Bank AS
1 NKT Holding AS
6 Novo Nordisk AS
2 Novozymes AS
1 Pandora AS
– PER Aarsleff AS
– Ringkjoebing Landbobank AS
– Rockwool International AS, Class B
– Royal UNIBREW
– Schouw & Co
1 SimCorp AS
– Solar AS
2 Spar Nord Bank AS
2 Sydbank AS
23 TDC AS
3 Topdanmark AS
1 Tryg AS
– United International Enterprises
4 Vestas Wind Systems AS
1 William Demant Holding AS
Finland – 0.58%
5 Amer Sports Oyj
1 Cargotec Oyj
3 Caverion Corp
7 Citycon Oyj
1 Cramo Oyj
3 Elisa Oyj
1 Fiskars Oyj Abp
7 Fortum Oyj
4 Huhtamaki Oyj
4 Kemira Oyj
1 Kesko Oyj, Class A
2 Kesko Oyj, Class B
2 Kone Oyj
2 Konecranes Oyj
1 Lassila & Tikanoja Oyj
5 Metsa Board Oyj
2 Metso Oyj
6 Neste Oil Oyj
Value
(000's)
GBP
% of Net
Asset
Value
15
11
0.01
0.01
286
0.11
12
11
4
26
67
17
4
19
60
69
19
11
104
10
119
48
39
65
13
84
23
163
59
54
9
17
17
29
13
11
6
15
40
121
53
38
5
87
32
–
–
–
0.01
0.03
0.01
–
0.01
0.02
0.03
0.01
–
0.04
–
0.04
0.02
0.01
0.02
0.01
0.03
0.01
0.06
0.02
0.02
–
0.01
0.01
0.01
0.01
–
–
0.01
0.02
0.05
0.02
0.01
–
0.03
0.01
1,593
0.59
68
27
14
14
11
56
11
114
60
35
15
61
59
43
16
16
49
88
0.03
0.01
0.01
0.01
–
0.02
–
0.04
0.02
0.01
0.01
0.02
0.02
0.02
0.01
0.01
0.02
0.03
Annual Report and Audited Financial Statements, 30 November 2014
219
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Finland – 0.58% (continued)
13 Nokia Oyj
3 Nokian Renkaat Oyj
1 Olvi Oyj
1 Orion Oyj, Class A
2 Orion Oyj, Class B
8 Outokumpu Oyj
7 Outotec Oyj
1 PKC Group Oyj
3 Raisio Oyj
2 Ramirent Oyj
3 Sampo Oyj
2 Sanoma Oyj
7 Sponda Oyj
1 Stockmann Oyj Abp
23 Stora Enso Oyj
1 Technopolis Oyj
2 Tieto Oyj
1 Tikkurila Oyj
16 UPM-Kymmene Oyj
2 Uponor Oyj
1 Vacon Oyj
2 Wartsila Oyj Abp
2 YIT Oyj
France – 2.81%
1 Accor SA
– Aeroports de Paris
4 Air France-KLM
1 Air Liquide SA
1 Airbus Group NV
1 Albioma SA
47 Alcatel-Lucent
3 Alstom SA
1 Altamir
1 Alten SA
4 Altran Technologies SA
– APRIL SA
1 Arkema SA
– Assystem
3 AtoS
10 AXA SA
1 Beneteau SA
– BioMerieux
7 BNP Paribas SA
– Boiron SA
– Bollore SA
1 Bonduelle S.C.A.
– Bongrain SA
5 Bouygues SA
1 Bureau Veritas SA
– Burelle SA
2 Cap Gemini SA
7 Carrefour SA
1 Casino Guichard Perrachon SA
3 CGG SA
– Christian Dior SA
4 Cie de St-Gobain
4 Cie Generale des Etablissements Michelin
1 Club Mediterranee SA
2 CNP Assurances
5 Credit Agricole SA
1 Danone SA
– Dassault Systemes
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
71
50
10
18
38
29
27
8
10
9
83
7
21
6
128
3
39
12
172
13
17
49
10
0.03
0.02
–
0.01
0.01
0.01
0.01
–
–
–
0.03
–
0.01
–
0.05
–
0.01
–
0.06
0.01
0.01
0.02
–
1,587
0.58
39
7
28
72
50
8
108
61
9
31
20
3
31
3
118
160
8
22
287
7
16
8
4
117
18
6
84
137
72
17
38
114
208
13
22
41
40
18
0.01
–
0.01
0.03
0.02
–
0.04
0.02
–
0.01
0.01
–
0.01
–
0.04
0.06
–
0.01
0.11
–
0.01
–
–
0.04
0.01
–
0.03
0.05
0.03
0.01
0.01
0.04
0.08
–
0.01
0.02
0.01
0.01
Shares (000's)
Common Stock (continued)
France – 2.81% (continued)
3 Edenred
1 Eiffage SA
4 Electricite de France SA
– Eramet
1 Essilor International SA
5 Etablissements Maurel et Prom
– Euler Hermes Group
– Eurofins Scientific SE
2 Eutelsat Communications SA
3 Faurecia
– Fimalac
1 GameLoft SE
23 GDF Suez
5 Groupe Eurotunnel SA
– Groupe Fnac
8 Havas SA
– Iliad SA
1 Imerys SA
1 Ingenico
1 Ipsen SA
1 IPSOS
– Jacquet Metal Service
1 JCDecaux SA
1 Kering
1 Korian-Medica
– L'Oreal SA
2 Lafarge SA
5 Lagardere SCA
1 Legrand SA
– LISI
1 LVMH Moet Hennessy Louis Vuitton SA
– Mersen
2 Metropole Television SA
– Montupet
9 Natixis SA
– Naturex
1 Neopost SA
1 Nexans SA
1 Nexity SA
– Norbert Dentressangle SA
30 Orange SA
1 Orpea
1 Pernod Ricard SA
16 Peugeot SA
1 Plastic Omnium SA
1 Publicis Groupe SA
1 Rallye SA
2 Renault SA
5 Rexel SA
1 Rubis SCA
1 Safran SA
1 Saft Groupe SA
7 Sanofi
– Sartorius Stedim Biotech
1 Schneider Electric SE
4 SCOR SE
1 SEB SA
2 SES SA
– Societe BIC SA
2 Societe d'Edition de Canal +
7 Societe Generale SA
4 Societe Television Francaise 1
1 Sodexo SA
Value
(000's)
GBP
% of Net
Asset
Value
49
43
68
11
84
29
28
32
37
59
4
4
355
40
4
46
34
52
50
24
19
5
21
76
23
24
92
82
42
8
130
7
20
15
40
4
52
27
33
11
336
39
40
127
18
42
24
105
58
33
59
16
435
9
76
77
40
52
33
10
208
38
41
0.02
0.02
0.03
–
0.03
0.01
0.01
0.01
0.01
0.02
–
–
0.13
0.01
–
0.02
0.01
0.02
0.02
0.01
0.01
–
0.01
0.03
0.01
0.01
0.03
0.03
0.02
–
0.05
–
0.01
0.01
0.02
–
0.02
0.01
0.01
–
0.12
0.01
0.02
0.05
0.01
0.02
0.01
0.04
0.02
0.01
0.02
0.01
0.16
–
0.03
0.03
0.01
0.02
0.01
–
0.08
0.01
0.02
Annual Report and Audited Financial Statements, 30 November 2014
220
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
France – 2.81% (continued)
7 SOITEC
14 Solocal Group
– Somfy SA
– Sopra Group SA
– Stef SA
21 STMicroelectronics NV
3 Suez Environnement Co
– Synergie SA
5 Technicolor SA
3 Technip SA
2 Teleperformance
1 Thales SA
– Total Gabon
24 Total SA
4 UBISOFT Entertainment
1 Valeo SA
3 Vallourec SA
5 Veolia Environnement SA
– Vicat
– Vilmorin & Cie SA
2 Vinci SA
– Virbac SA
11 Vivendi SA
2 Zodiac Aerospace
Germany – 2.55%
2 Aareal Bank AG
1 adidas AG
2 Aixtron SE
2 Allianz SE
1 Aurubis AG
1 Axel Springer SE
5 BASF SE
2 Bayer AG
4 Bayerische Motoren Werke AG
– BayWa AG
1 Bechtle AG
– Beiersdorf AG
– Bertrandt AG
1 Bilfinger SE
– Biotest AG
4 Borussia Dortmund GmbH & Co KGaA
2 Brenntag AG
– CANCOM SE
1 Carl Zeiss Meditec AG
1 CAT Oil AG
1 Celesio AG
– Cewe Stiftung & Co KGAA
1 Comdirect Bank AG
11 Commerzbank AG
1 CompuGroup Medical AG
1 Continental AG
1 CTS Eventim AG & Co KGaA
11 Daimler AG
6 Deutsche Bank AG
– Deutsche Beteiligungs AG
2 Deutsche Boerse AG
1 Deutsche Euroshop AG
8 Deutsche Lufthansa AG
5 Deutsche Post AG
34 Deutsche Telekom AG
4 Deutsche Wohnen AG
3 Deutz AG
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
12
6
5
20
3
98
38
4
18
115
93
32
3
852
46
84
68
61
19
14
75
10
180
44
–
–
–
0.01
–
0.04
0.01
–
0.01
0.04
0.03
0.01
–
0.31
0.02
0.03
0.03
0.02
0.01
0.01
0.03
–
0.07
0.02
7,645
2.81
47
50
12
246
46
37
315
226
305
9
23
19
10
39
4
14
60
11
15
12
25
11
4
109
8
65
22
615
120
5
69
29
88
97
370
66
9
0.02
0.02
–
0.09
0.02
0.01
0.12
0.08
0.11
–
0.01
0.01
–
0.01
–
0.01
0.02
–
0.01
–
0.01
–
–
0.04
–
0.02
0.01
0.23
0.04
–
0.03
0.01
0.03
0.04
0.14
0.02
–
Shares (000's)
Common Stock (continued)
Germany – 2.55% (continued)
1 Dialog Semiconductor PLC
2 DMG MORI SEIKI AG
1 Drillisch AG
1 Duerr AG
13 E.ON SE
1 ElringKlinger AG
1 Evotec AG
1 Fielmann AG
1 Fraport AG Frankfurt Airport Services Worldwide
4 Freenet AG
2 Fresenius Medical Care AG & Co KGaA
7 Fresenius SE & Co KGaA
1 Fuchs Petrolub SE
5 GAGFAH SA
1 GEA Group AG
1 Gerresheimer AG
1 Gerry Weber International AG
– Gesco AG
– GFK SE
– GFT Technologies AG
– Grammer AG
– Grenkeleasing AG
1 Hamburger Hafen und Logistik AG
2 Hannover Rueck SE
2 HeidelbergCement AG
7 Heidelberger Druckmaschinen AG
– Henkel AG & Co KGaA
1 Hochtief AG
– Hugo Boss AG
1 Indus Holding AG
12 Infineon Technologies AG
1 Jenoptik AG
4 K&S AG
4 Kloeckner & Co SE
1 Kontron AG
1 Krones AG
1 KUKA AG
– KWS Saat AG
3 Lanxess AG
1 Leoni AG
1 Linde AG
– LPKF Laser & Electronics AG
– MAN SE
1 Merck KGaA
3 Metro AG
1 MTU Aero Engines AG
1 Muenchener Rueckversicherungs-Gesellschaft AG
– Nemetschek AG
2 Nordex SE
1 Norma Group SE
2 OSRAM Licht AG
1 Patrizia Immobilien AG
– Pfeiffer Vacuum Technology AG
– Puma SE
7 Qiagen NV
2 QSC AG
– Rational AG
2 Rheinmetall AG
2 Rhoen Klinikum AG
11 RWE AG
2 SAF-Holland SA
2 Salzgitter AG
2 SAP SE
Value
(000's)
GBP
% of Net
Asset
Value
24
34
14
29
147
25
4
22
42
76
114
255
13
57
44
45
19
4
11
4
9
16
16
84
79
12
21
40
33
21
78
10
84
31
4
35
24
9
96
53
140
3
3
79
69
82
126
4
23
17
45
13
9
11
106
3
18
43
33
257
14
33
96
0.01
0.01
0.01
0.01
0.05
0.01
–
0.01
0.02
0.03
0.04
0.09
–
0.02
0.02
0.02
0.01
–
–
–
–
0.01
0.01
0.03
0.03
–
0.01
0.01
0.01
0.01
0.03
–
0.03
0.01
–
0.01
0.01
–
0.04
0.02
0.05
–
–
0.03
0.03
0.03
0.05
–
0.01
0.01
0.02
–
–
–
0.04
–
0.01
0.02
0.01
0.09
0.01
0.01
0.04
Annual Report and Audited Financial Statements, 30 November 2014
221
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Germany – 2.55% (continued)
– Schaltbau Holding AG
1 SGL Carbon SE
2 Siemens AG
1 Sixt SE
– SMA Solar Technology AG
2 Software AG
2 Stada Arzneimittel AG
1 Stroeer Media SE
2 Suedzucker AG
1 Symrise AG
4 TAG Immobilien AG
1 Takkt AG
1 Talanx AG
14 Telefonica Deutschland Holding AG
3 ThyssenKrupp AG
1 Tom Tailor Holding AG
6 TUI AG
2 United Internet AG
1 Volkswagen AG
– Vossloh AG
1 Wacker Chemie AG
1 Wacker Neuson SE
1 Wincor Nixdorf AG
– Zeal Network SE
Greece – 0.00%
Hellenic Exchanges - Athens Stock Exchange SA
2 Holding
Hong Kong – 1.07%
48 AIA Group Ltd
2 Allied Group Ltd
50 Allied Properties HK Ltd
11 APT Satellite Holdings Ltd
2 Asia Satellite Telecommunications Holdings Ltd
2 ASM Pacific Technology Ltd
2 Associated International Hotels Ltd
26 Bank of East Asia Ltd
38 BOC Hong Kong Holdings Ltd
40 Bonjour Holdings Ltd
126 Brightoil Petroleum Holdings Ltd
6 Cafe de Coral Holdings Ltd
32 Cathay Pacific Airways Ltd
7 Cheung Kong Holdings Ltd
6 Cheung Kong Infrastructure Holdings Ltd
100 China LNG Group Ltd
5 Chinese Estates Holdings Ltd
14 Chow Sang Sang Holdings International Ltd
14 Chow Tai Fook Jewellery Group Ltd
64 CITIC Telecom International Holdings Ltd
96 CK Life Sciences International Holdings Inc
7 CLP Holdings Ltd
14 Dah Sing Banking Group Ltd
6 Dah Sing Financial Holdings Ltd
53 Esprit Holdings Ltd
34 Far East Consortium International Ltd
97 FIH Mobile Ltd
88 First Pacific Co Ltd
753 G-Resources Group Ltd
8 Galaxy Entertainment Group Ltd
60 Giordano International Ltd
34 Global Brands Group Holding Ltd
15 Great Eagle Holdings Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
3
13
145
12
3
36
50
21
20
44
29
14
18
46
47
8
68
49
69
7
41
9
18
4
–
–
0.05
–
–
0.01
0.02
0.01
0.01
0.02
0.01
0.01
0.01
0.02
0.02
–
0.03
0.02
0.03
–
0.02
–
0.01
–
6,951
2.55
8
–
8
–
177
5
6
12
4
15
4
69
87
3
26
13
45
85
28
13
8
24
12
17
6
39
15
25
44
8
32
59
12
35
18
5
32
0.07
–
–
–
–
0.01
–
0.03
0.03
–
0.01
0.01
0.02
0.03
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.01
0.01
0.02
–
0.01
0.02
–
0.01
0.01
–
0.01
Value
(000's)
GBP
% of Net
Asset
Value
Shares (000's)
Common Stock (continued)
Hong Kong – 1.07% (continued)
41 Guotai Junan International Holdings Ltd
19
10 Haitong International Securities Group Ltd
4
11 Hang Lung Group Ltd
34
25 Hang Lung Properties Ltd
48
7 Hang Seng Bank Ltd
76
3 Harbour Centre Development Ltd
3
6 Henderson Land Development Co Ltd
26
15 HKR International Ltd
5
23 Hong Kong & China Gas Co Ltd
35
– Hong Kong Aircraft Engineering Co Ltd
3
3 Hong Kong Exchanges and Clearing Ltd
46
19 Hongkong & Shanghai Hotels
19
12 Hopewell Holdings Ltd
28
44 Hutchison Telecommunications Hong Kong
11
Holdings Ltd
16 Hutchison Whampoa Ltd
131
12 Hysan Development Co Ltd
35
16 Johnson Electric Holdings Ltd
39
46 K Wah International Holdings Ltd
17
17 Kerry Properties Ltd
38
140 Kingston Financial Group Ltd
11
6 Kowloon Development Co Ltd
5
9 L'Occitane International SA
14
5 Lee's Pharmaceutical Holdings Ltd
5
46 Li & Fung Ltd
33
22 Lifestyle International Holdings Ltd
27
15 Luk Fook Holdings International Ltd
31
12 Man Wah Holdings Ltd
14
7 Melco International Development Ltd
11
6 MGM China Holdings Ltd
12
16 Midland Holdings Ltd
5
7 MTR Corp Ltd
17
68 NagaCorp Ltd
35
103 New World Development Co Ltd
78
42 Newocean Energy Holdings Ltd
10
28 NWS Holdings Ltd
33
9 Orient Overseas International Ltd
33
57 Pacific Basin Shipping Ltd
17
19 Pacific Textiles Holdings Ltd
16
93 PCCW Ltd
40
12 Playmates Toys Ltd
2
6 Power Assets Holding Ltd
33
3 Prada SpA
12
10 Regal Hotels International Holdings Ltd
4
26 Sa Sa International Holdings Ltd
12
22 Samsonite International SA
47
5 Sands China Ltd
21
19 Shangri-La Asia Ltd
17
52 Shun Tak Holdings Ltd
17
38 Singamas Container Holdings Ltd
4
32 Sino Land Co Ltd
33
19 SJM Holdings Ltd
24
21 SmarTone Telecommunications Holdings Ltd
20
11 Stella International Holdings Ltd
19
21 Sun Hung Kai & Co Ltd
10
9 Sun Hung Kai Properties Ltd
83
6 Swire Pacific Ltd, Class A
52
8 Swire Pacific Ltd, Class B
12
15 Tan Chong International Ltd
4
37 Techtronic Industries Co Ltd
76
11 Television Broadcasts Ltd
39
22 Texwinca Holdings Ltd
13
22 Tradelink Electronic Commerce Ltd
3
4 Transport International Holdings Ltd
6
Annual Report and Audited Financial Statements, 30 November 2014
0.01
–
0.01
0.02
0.03
–
0.01
–
0.01
–
0.02
0.01
0.01
–
0.05
0.01
0.01
0.01
0.01
–
–
0.01
–
0.01
0.01
0.01
0.01
–
–
–
0.01
0.01
0.03
–
0.01
0.01
0.01
0.01
0.02
–
0.01
–
–
0.01
0.02
0.01
0.01
0.01
–
0.01
0.01
0.01
0.01
–
0.03
0.02
–
–
0.03
0.01
0.01
–
–
222
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Hong Kong – 1.07% (continued)
26 United Laboratories International Holdings Ltd
32 Value Partners Group Ltd
6 Varitronix International Ltd
22 Vitasoy International Holdings Ltd
4 VTech Holdings Ltd
12 Wharf Holdings Ltd
15 Wheelock & Co Ltd
2 Wing On Co International Ltd
14 Wing Tai Properties Ltd
7 Wynn Macau Ltd
86 Xinyi Glass Holdings Ltd
26 Xinyi Solar Holdings Ltd
24 Yue Yuen Industrial Holdings Ltd
Ireland – 0.25%
28 Aer Lingus Group PLC
339 Bank of Ireland
6 C&C Group PLC
9 CRH PLC
2 Dragon Oil PLC
1 FBD Holdings PLC
3 Glanbia PLC
2 Irish Continental Group PLC
22 Kenmare Resources PLC
1 Kerry Group PLC
9 Kingspan Group PLC
2 Paddy Power PLC
6 Smurfit Kappa Group PLC
Israel – 0.24%
1 Azrieli Group
12 Bank Hapoalim BM
15 Bank Leumi Le-Israel BM
25 Bezeq The Israeli Telecommunication Corp Ltd
1 Cellcom Israel Ltd
– Delek Group Ltd
1 Elbit Systems Ltd
– Frutarom Industries Ltd
Harel Insurance Investments & Financial Services
5 Ltd
2 Israel Chemicals Ltd
29 Israel Discount Bank Ltd
– Jerusalem Oil Exploration
6 Migdal Insurance & Financial Holding Ltd
5 Mizrahi Tefahot Bank Ltd
1 NICE-Systems Ltd
3 Ormat Industries
– Paz Oil Co Ltd
6 Shikun & Binui Ltd
8 Teva Pharmaceutical Industries Ltd
Italy – 0.91%
23
1
1
2
4
3
3
3
2
48
2
A2A SpA
ACEA SpA
Amplifon SpA
Ansaldo STS SpA
Assicurazioni Generali SpA
Astaldi SpA
Atlantia SpA
Autogrill SpA
Azimut Holding SpA
Banca Carige SpA
Banca Generali SpA
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
11
16
3
20
37
55
47
4
6
14
29
5
56
–
0.01
–
0.01
0.01
0.02
0.02
–
–
0.01
0.01
–
0.02
2,913
1.07
39
89
17
130
9
8
34
5
1
43
98
109
90
0.02
0.03
0.01
0.05
–
–
0.01
–
–
0.02
0.04
0.04
0.03
672
0.25
19
38
33
28
7
23
27
8
0.01
0.02
0.01
0.01
–
0.01
0.01
–
14
10
30
3
5
33
33
15
15
8
292
0.01
–
0.01
–
–
0.01
0.01
0.01
0.01
–
0.11
641
0.24
15
6
5
14
50
12
45
17
27
3
27
0.01
–
–
0.01
0.02
–
0.02
0.01
0.01
–
0.01
Shares (000's)
Common Stock (continued)
Italy – 0.91% (continued)
86 Banca Monte dei Paschi di Siena SpA
16 Banca Popolare dell'Emilia Romagna SC
152 Banca Popolare di Milano Scarl
12 Banca Popolare di Sondrio Scarl
10 Banco Popolare SC
1 Brembo SpA
3 Buzzi Unicem SpA
1 Cementir Holding SpA
12 CIR-Compagnie Industriali Riunite SpA
6 CNH Industrial NV
3 Credito Emiliano SpA
46 Credito Valtellinese SC
– Danieli & C Officine Meccaniche SpA
5 Davide Campari-Milano SpA
1 De' Longhi
– DiaSorin SpA
– Ei Towers SpA
14 Enel Green Power SpA
17 Enel SpA
21 Eni SpA
2 ERG SpA
1 Esprinet SpA
16 Finmeccanica SpA
3 Gruppo Editoriale L'Espresso SpA
2 Gtech SpA
18 Hera SpA
1 Indesit Co SpA
– Industria Macchine Automatiche SpA
1 Interpump Group SpA
79 Intesa Sanpaolo SpA
8 Iren SpA
7 Italcementi SpA
1 Luxottica Group SpA
2 Maire Tecnimont SpA
1 MARR SpA
10 Mediaset SpA
13 Mediobanca SpA
3 Mediolanum SpA
6 Parmalat SpA
3 Piaggio & C SpA
3 Pirelli & C. SpA
4 Prysmian SpA
3 Recordati SpA
– Reply SpA
1 Safilo Group SpA
6 Saipem SpA
1 Salini Impregilo SpA
1 Salvatore Ferragamo SpA
12 Snam SpA
4 Societa Cattolica di Assicurazioni Scrl
2 Societa Iniziative Autostradali e Servizi SpA
12 Sorin SpA
235 Telecom Italia SpA
2 Tenaris SA
17 Terna Rete Elettrica Nazionale SpA
– Tod's SpA
26 UniCredit SpA
21 Unione di Banche Italiane SCpA
7 Unipol Gruppo Finanziario SpA
21 UnipolSai SpA
2 World Duty Free SpA
1 Yoox SpA
Value
(000's)
GBP
% of Net
Asset
Value
45
72
71
32
86
11
25
4
8
28
14
29
3
21
15
7
6
22
53
272
14
3
98
2
32
30
11
6
11
156
6
26
40
3
6
26
77
11
11
5
27
50
32
4
9
51
4
24
40
18
15
19
169
25
52
11
121
105
22
39
11
11
0.02
0.03
0.03
0.01
0.03
–
0.01
–
–
0.01
0.01
0.01
–
0.01
0.01
–
–
0.01
0.02
0.10
0.01
–
0.04
–
0.01
0.01
–
–
–
0.06
–
0.01
0.02
–
–
0.01
0.03
–
–
–
0.01
0.02
0.01
–
–
0.02
–
0.01
0.02
0.01
0.01
0.01
0.06
0.01
0.02
–
0.04
0.04
0.01
0.01
–
–
2,478
0.91
Annual Report and Audited Financial Statements, 30 November 2014
223
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03%
10 77 Bank Ltd
1 Accordia Golf Co Ltd
1 Adastria Holdings Co Ltd
3 ADEKA Corp
1 Aderans Co Ltd
2 Advantest Corp
21 Aeon Co Ltd
1 Aeon Delight Co Ltd
1 AEON Financial Service Co Ltd
1 Aeon Mall Co Ltd
1 Ai Holdings Corp
1 Aica Kogyo Co Ltd
– Aichi Bank Ltd
3 Aichi Steel Corp
2 Aida Engineering Ltd
11 Aiful Corp
1 Ain Pharmaciez Inc
– Aiphone Co Ltd
4 Air Water Inc
3 Aisin Seiki Co Ltd
3 Ajinomoto Co Inc
2 Akebono Brake Industry Co Ltd
6 Akita Bank Ltd
4 Alfresa Holdings Corp
1 Alpine Electronics Inc
4 Alps Electric Co Ltd
6 Amada Co Ltd
2 Amano Corp
6 ANA Holdings Inc
3 Anritsu Corp
2 AOKI Holdings Inc
5 Aomori Bank Ltd
2 Aoyama Trading Co Ltd
8 Aozora Bank Ltd
– Arcland Sakamoto Co Ltd
1 Arcs Co Ltd
– Ariake Japan Co Ltd
– As One Corp
2 Asahi Diamond Industrial Co Ltd
13 Asahi Glass Co Ltd
2 Asahi Group Holdings Ltd
– Asahi Holdings Inc
1 Asahi Intecc Co Ltd
22 Asahi Kasei Corp
1 Asatsu-DK Inc
1 Asics Corp
4 Astellas Pharma Inc
2 Autobacs Seven Co Ltd
2 Avex Group Holdings Inc
9 Awa Bank Ltd
2 Azbil Corp
1 Bandai Namco Holdings Inc
1 Bando Chemical Industries Ltd
1 Bank of Iwate Ltd
10 Bank of Kyoto Ltd
5 Bank of Nagoya Ltd
1 Bank of Okinawa Ltd
2 Bank of Saga Ltd
1 Bank of the Ryukyus Ltd
13 Bank of Yokohama Ltd
– Belc Co Ltd
1 Benefit One Inc
2 Benesse Holdings Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
34
7
12
21
3
13
132
12
12
9
10
16
3
7
11
26
18
3
41
70
39
4
11
31
14
55
35
15
9
13
10
9
28
17
4
10
6
3
10
39
34
4
16
123
21
15
38
19
16
31
26
18
2
14
54
12
13
3
9
48
4
4
39
0.01
–
0.01
0.01
–
0.01
0.05
–
0.01
–
–
0.01
–
–
–
0.01
0.01
–
0.02
0.03
0.01
–
–
0.01
0.01
0.02
0.01
0.01
–
0.01
–
–
0.01
0.01
–
–
–
–
–
0.02
0.01
–
0.01
0.05
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
0.02
0.01
0.01
–
–
0.02
–
–
0.01
Value
(000's)
GBP
% of Net
Asset
Value
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
3 Bic Camera Inc
19
– BML Inc
4
3 Bridgestone Corp
72
2 Brother Industries Ltd
28
1 Bunka Shutter Co Ltd
5
1 Calbee Inc
20
8 Calsonic Kansei Corp
28
– Canon Electronics Inc
4
5 Canon Inc
104
2 Canon Marketing Japan Inc
27
2 Capcom Co Ltd
18
1 Casio Computer Co Ltd
13
6 Central Glass Co Ltd
13
– Central Japan Railway Co
42
2 Century Tokyo Leasing Corp
32
8 Chiba Bank Ltd
35
1 Chiba Kogyo Bank Ltd
4
1 Chiyoda Co Ltd
8
4 Chiyoda Corp
23
1 Chofu Seisakusho Co Ltd
10
4 Chubu Electric Power Co Inc
30
1 Chudenko Corp
5
5 Chugoku Bank Ltd
41
1 Chugoku Electric Power Co Inc
12
1 Chugoku Marine Paints Ltd
5
7 Citizen Holdings Co Ltd
36
1 CKD Corp
5
2 Clarion Co Ltd
5
1 Coca-Cola East Japan Co Ltd
14
3 Coca-Cola West Co Ltd
24
– Cocokara fine Inc
5
2 Colowide Co Ltd
11
3 COMSYS Holdings Corp
28
24 Cosmo Oil Co Ltd
21
– Cosmos Pharmaceutical Corp
17
– Create SD Holdings Co Ltd
4
2 Credit Saison Co Ltd
25
8 Dai Nippon Printing Co Ltd
43
4 Dai Nippon Toryo Co Ltd
3
6 Dai-ichi Life Insurance Co Ltd
52
1 Daibiru Corp
5
4 Daicel Corp
29
2 Daido Metal Co Ltd
15
9 Daido Steel Co Ltd
21
8 Daiei Inc
6
2 Daifuku Co Ltd
14
5 Daihatsu Motor Co Ltd
40
1 Daihen Corp
3
1 Daiichi Jitsugyo Co Ltd
3
5 Daiichi Sankyo Co Ltd
48
2 Daiichikosho Co Ltd
36
1 Daikin Industries Ltd
34
5 Daikyo Inc
6
1 Dainichiseika Color & Chemicals Manufacturing Co
Ltd
3
4 Daio Paper Corp
23
3 Daisan Bank Ltd
3
1 Daiseki Co Ltd
6
13 Daishi Bank Ltd
28
– Daito Trust Construction Co Ltd
34
4 Daiwa House Industry Co Ltd
46
14 Daiwa Securities Group Inc
70
3 Daiwabo Holdings Co Ltd
4
3 DCM Holdings Co Ltd
10
Annual Report and Audited Financial Statements, 30 November 2014
0.01
–
0.03
0.01
–
0.01
0.01
–
0.04
0.01
0.01
0.01
0.01
0.02
0.01
0.01
–
–
0.01
–
0.01
–
0.02
–
–
0.01
–
–
0.01
0.01
–
–
0.01
0.01
0.01
–
0.01
0.02
–
0.02
–
0.01
0.01
0.01
–
0.01
0.02
–
–
0.02
0.01
0.01
–
–
0.01
–
–
0.01
0.01
0.02
0.03
–
–
224
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
4 Dena Co Ltd
16 Denki Kagaku Kogyo KK
1 Denki Kogyo Co Ltd
1 Denso Corp
2 Dentsu Inc
1 Descente Ltd
27 DIC Corp
– Disco Corp
3 DMG Mori Seiki Co Ltd
– Don Quijote Holdings Co Ltd
– Doshisha Co Ltd
1 Doutor Nichires Holdings Co Ltd
7 Dowa Holdings Co Ltd
– Dr Ci:Labo Co Ltd
– DTS Corp
2 Duskin Co Ltd
– Dydo Drinco Inc
1 Eagle Industry Co Ltd
– Earth Chemical Co Ltd
1 East Japan Railway Co
12 Ebara Corp
3 EDION Corp
3 Eighteenth Bank Ltd
– Eiken Chemical Co Ltd
1 Eisai Co Ltd
1 Eizo Corp
1 Electric Power Development Co Ltd
– Enplas Corp
1 EPS Corp
1 Exedy Corp
1 Ezaki Glico Co Ltd
1 FamilyMart Co Ltd
1 Fancl Corp
– FANUC Corp
– Fast Retailing Co Ltd
1 FCC Co Ltd
1 Ferrotec Corp
1 Foster Electric Co Ltd
1 FP Corp
– Fuji Co Ltd
9 Fuji Electric Co Ltd
2 Fuji Heavy Industries Ltd
1 Fuji Kyuko Co Ltd
1 Fuji Media Holdings Inc
2 Fuji Oil Co Ltd
– Fuji Seal International Inc
– Fuji Soft Inc
2 Fujibo Holdings Inc
4 FUJIFILM Holdings Corp
16 Fujikura Ltd
1 Fujimi Inc
– Fujimori Kogyo Co Ltd
3 Fujitec Co Ltd
2 Fujitsu General Ltd
6 Fujitsu Ltd
– Fukuda Denshi Co Ltd
7 Fukui Bank Ltd
8 Fukuoka Financial Group Inc
– Fukushima Industries Corp
7 Fukuyama Transporting Co Ltd
1 Funai Electric Co Ltd
4 Furukawa Co Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
36
35
3
43
39
6
39
20
22
16
3
7
37
6
5
20
8
8
4
44
33
11
6
3
15
6
13
9
4
14
12
14
9
31
62
11
4
6
17
5
25
46
6
7
16
7
4
3
85
38
4
5
19
14
23
9
10
30
3
24
4
5
0.01
0.01
–
0.02
0.01
–
0.02
0.01
0.01
0.01
–
–
0.01
–
–
0.01
–
–
–
0.02
0.01
–
–
–
0.01
–
0.01
–
–
0.01
–
0.01
–
0.01
0.02
–
–
0.00
0.01
0.00
0.01
0.02
0.00
0.00
0.01
0.00
0.00
0.00
0.03
0.01
0.00
0.00
0.01
0.01
0.01
0.00
0.00
0.01
0.00
0.01
0.00
0.00
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
27 Furukawa Electric Co Ltd
1 Futaba Corp
2 Futaba Industrial Co Ltd
1 Fuyo General Lease Co Ltd
1 Gecoss Corp
1 Glory Ltd
1 GMO internet Inc
– GMO Payment Gateway Inc
– Goldcrest Co Ltd
5 Gree Inc
8 GS Yuasa Corp
1 Gulliver International Co Ltd
3 GungHo Online Entertainment Inc
11 Gunma Bank Ltd
5 Gunze Ltd
1 Gurunavi Inc
4 H2O Retailing Corp
11 Hachijuni Bank Ltd
2 Hakuhodo DY Holdings Inc
– Hamamatsu Photonics KK
21 Hankyu Hanshin Holdings Inc
6 Hanwa Co Ltd
5 Haseko Corp
7 Hazama Ando Corp
2 Heiwa Corp
1 Heiwa Real Estate Co Ltd
1 Heiwado Co Ltd
1 HI-LEX CORP
– Hibiya Engineering Ltd
2 Higashi-Nippon Bank Ltd
7 Higo Bank Ltd
– Hikari Tsushin Inc
3 Hino Motors Ltd
– Hirose Electric Co Ltd
12 Hiroshima Bank Ltd
1 HIS Co Ltd
1 Hisamitsu Pharmaceutical Co Inc
2 Hitachi Capital Corp
3 Hitachi Chemical Co Ltd
3 Hitachi Construction Machinery Co Ltd
2 Hitachi High-Technologies Corp
1 Hitachi Koki Co Ltd
2 Hitachi Kokusai Electric Inc
56 Hitachi Ltd
2 Hitachi Metals Ltd
2 Hitachi Transport System Ltd
8 Hitachi Zosen Corp
– Hogy Medical Co Ltd
2 Hokkaido Electric Power Co Inc
12 Hokkoku Bank Ltd
3 Hokuetsu Bank Ltd
3 Hokuetsu Kishu Paper Co Ltd
30 Hokuhoku Financial Group Inc
3 Hokuriku Electric Power Co
1 Hokuto Corp
15 Honda Motor Co Ltd
1 Horiba Ltd
1 Hosiden Corp
2 House Foods Group Inc
1 Hoya Corp
2 Hulic Co Ltd
11 Hyakugo Bank Ltd
7 Hyakujushi Bank Ltd
Value
(000's)
GBP
% of Net
Asset
Value
29
9
5
16
5
23
7
5
3
22
24
5
8
42
8
5
35
43
12
3
73
13
24
25
23
12
8
12
3
4
25
12
22
24
37
18
12
35
31
44
30
5
19
275
22
15
27
9
13
24
4
8
39
23
5
296
26
4
20
32
11
29
15
0.01
0.00
0.00
0.01
0.00
0.01
0.00
–
–
0.01
0.01
–
–
0.02
–
–
0.01
0.02
–
–
0.03
0.01
0.01
0.01
0.01
–
–
–
–
–
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
0.02
0.01
–
0.01
0.10
0.01
0.01
0.01
–
0.01
0.01
–
–
0.01
0.01
–
0.11
0.01
–
0.01
0.01
–
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
225
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
5 Ibiden Co Ltd
1 IBJ Leasing Co Ltd
2 Ichiyoshi Securities Co Ltd
3 Idemitsu Kosan Co Ltd
1 Ihara Chemical Industry Co Ltd
14 IHI Corp
3 Iida Group Holdings Co Ltd
3 Iino Kaiun Kaisha Ltd
1 Inaba Denki Sangyo Co Ltd
1 Inabata & Co Ltd
1 Inageya Co Ltd
16 Inpex Corp
1 Internet Initiative Japan Inc
– Iriso Electronics Co Ltd
5 Iseki & Co Ltd
4 Isetan Mitsukoshi Holdings Ltd
4 Isuzu Motors Ltd
4 IT Holdings Corp
1 Ito En Ltd
13 ITOCHU Corp
1 Itochu Enex Co Ltd
1 Itochu Techno-Solutions Corp
5 Itoham Foods Inc
1 Itoki Corp
7 Iwatani Corp
7 Iyo Bank Ltd
1 Izumi Co Ltd
6 J Front Retailing Co Ltd
3 J Trust Co Ltd
2 J-Oil Mills Inc
5 Jaccs Co Ltd
1 Jafco Co Ltd
1 Japan Airlines Co Ltd
1 Japan Aviation Electronics Industry Ltd
3 Japan Communications Inc
– Japan Digital Laboratory Co Ltd
2 Japan Exchange Group Inc
1 Japan Petroleum Exploration Co Ltd
3 Japan Securities Finance Co Ltd
10 Japan Steel Works Ltd
3 Japan Tobacco Inc
1 Japan Wool Textile Co Ltd
3 Jeol Ltd
5 JFE Holdings Inc
1 JGC Corp
– Jin Co Ltd
1 Joshin Denki Co Ltd
– Jowa Holdings Co Ltd
8 Joyo Bank Ltd
– JSP Corp
2 JSR Corp
4 JTEKT Corp
12 Juroku Bank Ltd
1 Justsystems Corp
3 JVC Kenwood Corp
33 JX Holdings Inc
1 K's Holdings Corp
4 kabu.com Securities Co Ltd
1 Kadokawa Dwango
5 Kagoshima Bank Ltd
10 Kajima Corp
2 Kakaku.com Inc
1 Kaken Pharmaceutical Co Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
46
9
14
34
5
45
19
10
15
5
3
108
17
10
6
34
34
36
16
98
4
12
17
2
33
44
24
51
19
4
16
24
11
14
9
3
30
10
11
23
68
4
9
62
14
3
5
6
26
4
27
39
28
3
4
79
19
14
5
20
25
22
14
0.02
–
0.01
0.01
–
0.02
0.01
–
0.01
–
–
0.04
0.01
–
–
0.01
0.01
0.01
0.01
0.04
–
0.01
0.01
–
0.01
0.02
0.01
0.02
0.01
–
0.01
0.01
–
0.01
–
–
0.01
–
–
0.01
0.03
–
–
0.02
0.01
–
–
–
0.01
–
0.01
0.02
0.01
–
–
0.03
0.01
0.01
–
0.01
0.01
0.01
0.01
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
– Kameda Seika Co Ltd
7 Kamigumi Co Ltd
1 Kanamoto Co Ltd
3 Kandenko Co Ltd
10 Kaneka Corp
20 Kanematsu Corp
5 Kansai Electric Power Co Inc
1 Kansai Paint Co Ltd
1 Kansai Urban Banking Corp
2 Kao Corp
1 Kasumi Co Ltd
– Kato Sangyo Co Ltd
2 Kato Works Co Ltd
– Kawada Technologies Inc
16 Kawasaki Heavy Industries Ltd
29 Kawasaki Kisen Kaisha Ltd
3 KDDI Corp
8 Keihan Electric Railway Co Ltd
1 Keihin Corp
2 Keikyu Corp
3 Keio Corp
3 Keisei Electric Railway Co Ltd
7 Keiyo Bank Ltd
2 Kewpie Corp
– Keyence Corp
1 Kikkoman Corp
4 Kinden Corp
7 Kintetsu Corp
– Kintetsu World Express Inc
8 Kirin Holdings Co Ltd
1 Kissei Pharmaceutical Co Ltd
3 Kitagawa Iron Works Co Ltd
2 Kitz Corp
2 Kiyo Bank Ltd
1 Koa Corp
– Kobayashi Pharmaceutical Co Ltd
102 Kobe Steel Ltd
1 Koei Tecmo Holdings Co Ltd
2 Koito Manufacturing Co Ltd
3 Kokuyo Co Ltd
4 Komatsu Ltd
1 Komeri Co Ltd
2 Komori Corp
2 Konami Corp
9 Konica Minolta Inc
– Konishi Co Ltd
1 Kose Corp
5 Kubota Corp
9 Kumagai Gumi Co Ltd
– Kura Corp
3 Kurabo Industries Ltd
4 Kuraray Co Ltd
5 Kureha Corp
2 Kurita Water Industries Ltd
1 Kuroda Electric Co Ltd
9 KYB Co Ltd
2 Kyocera Corp
– Kyoei Steel Ltd
1 Kyokuto Kaihatsu Kogyo Co Ltd
1 Kyokuto Securities Co Ltd
1 KYORIN Holdings Inc
– Kyoritsu Maintenance Co Ltd
3 Kyowa Exeo Corp
Value
(000's)
GBP
% of Net
Asset
Value
4
42
19
10
34
19
34
10
4
41
4
5
10
3
45
48
115
26
11
11
12
22
25
24
15
15
24
16
4
68
12
4
4
14
4
11
104
5
31
12
61
17
11
29
68
3
11
46
18
3
3
33
16
29
8
24
75
3
7
7
15
8
18
–
0.02
0.01
–
0.01
0.01
0.01
–
–
0.02
–
–
–
–
0.02
0.02
0.04
0.01
–
–
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
0.03
–
–
–
0.01
–
–
0.04
–
0.01
0.01
0.02
0.01
–
0.01
0.03
–
–
0.02
0.01
–
–
0.01
0.01
0.01
–
0.01
0.03
–
–
–
0.01
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
226
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
2 Kyowa Hakko Kirin Co Ltd
1 Kyudenko Corp
2 Kyushu Electric Power Co Inc
– Lawson Inc
8 Leopalace21 Corp
1 Life Corp
2 Lintec Corp
6 Lion Corp
3 LIXIL Group Corp
1 M3 Inc
– Mabuchi Motor Co Ltd
– Macnica Inc
3 Maeda Corp
2 Maeda Road Construction Co Ltd
5 Makino Milling Machine Co Ltd
1 Makita Corp
– Mandom Corp
– Mars Engineering Corp
14 Marubeni Corp
4 Marudai Food Co Ltd
1 Maruha Nichiro Corp
7 Marui Group Co Ltd
1 Maruichi Steel Tube Ltd
1 Marusan Securities Co Ltd
– Maruwa Co Ltd
1 Marvelous Inc
1 Matsumotokiyoshi Holdings Co Ltd
4 Mazda Motor Corp
1 McDonald's Holdings Co Japan Ltd
4 Medipal Holdings Corp
1 Megachips Corp
1 Megmilk Snow Brand Co Ltd
8 Meidensha Corp
1 MEIJI Holdings Co Ltd
1 Meisei Industrial Co Ltd
1 Meitec Corp
– Message Co Ltd
– Micronics Japan Co Ltd
– Milbon Co Ltd
3 Minato Bank Ltd
2 Minebea Co Ltd
– Ministop Co Ltd
1 Miraca Holdings Inc
2 Mirait Holdings Corp
1 Misawa Homes Co Ltd
1 MISUMI Group Inc
– Mitani Corp
2 Mitsuba Corp
41 Mitsubishi Chemical Holdings Corp
11 Mitsubishi Corp
9 Mitsubishi Electric Corp
2 Mitsubishi Estate Co Ltd
9 Mitsubishi Gas Chemical Co Inc
27 Mitsubishi Heavy Industries Ltd
3 Mitsubishi Logistics Corp
28 Mitsubishi Materials Corp
7 Mitsubishi Motors Corp
– Mitsubishi Pencil Co Ltd
3 Mitsubishi Tanabe Pharma Corp
109 Mitsubishi UFJ Financial Group Inc
16 Mitsubishi UFJ Lease & Finance Co Ltd
13 Mitsui & Co Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
14
7
13
12
28
5
21
21
43
14
15
4
14
18
23
26
8
3
56
9
6
39
20
6
2
4
19
59
12
27
4
9
17
32
4
9
3
10
4
4
15
3
29
12
3
29
4
19
136
129
67
35
33
101
30
55
46
6
24
404
49
112
0.01
–
0.01
–
0.01
–
0.01
0.01
0.02
0.01
0.01
–
0.01
0.01
0.01
0.01
–
–
0.02
–
–
0.02
0.01
–
–
–
0.01
0.02
–
0.01
–
–
0.01
0.01
–
–
–
–
–
–
0.01
–
0.01
0.01
–
0.01
–
0.01
0.05
0.05
0.03
0.01
0.01
0.04
0.01
0.02
0.02
–
0.01
0.15
0.02
0.04
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
27 Mitsui Chemicals Inc
34 Mitsui Engineering & Shipbuilding Co Ltd
2 Mitsui Fudosan Co Ltd
24 Mitsui Mining & Smelting Co Ltd
17 Mitsui OSK Lines Ltd
2 Mitsui Sugar Co Ltd
3 Mitsui-Soko Holdings Co Ltd
3 Mitsumi Electric Co Ltd
2 Miura Co Ltd
5 Miyazaki Bank Ltd
183 Mizuho Financial Group Inc
3 Mizuno Corp
– Mochida Pharmaceutical Co Ltd
7 Monex Group Inc
1 MonotaRO Co Ltd
3 Morinaga & Co Ltd
5 Morinaga Milk Industry Co Ltd
1 Morita Holdings Corp
1 Moshi Moshi Hotline Inc
4 MS&AD Insurance Group Holdings Inc
1 MTI Ltd
– Murata Manufacturing Co Ltd
1 Musashi Seimitsu Industry Co Ltd
1 Musashino Bank Ltd
2 Nabtesco Corp
6 Nachi-Fujikoshi Corp
– Nagaileben Co Ltd
3 Nagase & Co Ltd
5 Nagoya Railroad Co Ltd
2 Namura Shipbuilding Co Ltd
9 Nankai Electric Railway Co Ltd
6 Nanto Bank Ltd
55 NEC Corp
1 NEC Networks & System Integration Corp
3 NET One Systems Co Ltd
2 Nexon Co Ltd
2 NGK Insulators Ltd
1 NGK Spark Plug Co Ltd
3 NH Foods Ltd
6 NHK Spring Co Ltd
2 Nichi-iko Pharmaceutical Co Ltd
2 Nichias Corp
1 Nichicon Corp
1 Nichii Gakkan Co
11 Nichirei Corp
1 Nidec Corp
1 Nifco Inc
– Nihon Kohden Corp
1 Nihon M&A Center Inc
3 Nihon Nohyaku Co Ltd
1 Nihon Parkerizing Co Ltd
3 Nihon Unisys Ltd
2 Nikkiso Co Ltd
4 Nikon Corp
– Nintendo Co Ltd
2 Nippo Corp
4 Nippon Chemi-Con Corp
2 Nippon Denko Co Ltd
1 Nippon Densetsu Kogyo Co Ltd
11 Nippon Electric Glass Co Ltd
13 Nippon Express Co Ltd
3 Nippon Flour Mills Co Ltd
1 Nippon Gas Co Ltd
Value
(000's)
GBP
% of Net
Asset
Value
48
41
36
39
34
5
7
15
16
10
201
10
7
10
18
4
11
6
6
62
3
31
9
27
23
23
3
22
13
16
29
14
111
9
12
13
23
26
34
33
15
7
5
4
31
26
31
13
19
19
10
18
12
39
24
20
7
3
8
32
41
9
8
0.02
0.02
0.01
0.02
0.01
–
–
0.01
0.01
–
0.07
–
–
–
0.01
–
–
–
–
0.02
–
0.01
–
0.01
0.01
0.01
–
0.01
0.01
0.01
0.01
0.01
0.04
–
–
0.01
0.01
0.01
0.01
0.01
0.01
–
–
–
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
0.01
0.01
0.01
–
–
–
0.01
0.02
–
–
Annual Report and Audited Financial Statements, 30 November 2014
227
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
4 Nippon Kayaku Co Ltd
1 Nippon Koei Co Ltd
2 Nippon Konpo Unyu Soko Co Ltd
15 Nippon Light Metal Holdings Co Ltd
1 Nippon Paint Holdings Co Ltd
2 Nippon Paper Industries Co Ltd
1 Nippon Road Co Ltd
2 Nippon Seiki Co Ltd
28 Nippon Sheet Glass Co Ltd
1 Nippon Shinyaku Co Ltd
3 Nippon Shokubai Co Ltd
1 Nippon Signal Co Ltd
4 Nippon Soda Co Ltd
5 Nippon Steel & Sumikin Bussan Corp
84 Nippon Steel & Sumitomo Metal Corp
14 Nippon Suisan Kaisha Ltd
3 Nippon Synthetic Chemical Industry Co Ltd
1 Nippon Telegraph & Telephone Corp
1 Nippon Thompson Co Ltd
27 Nippon Yusen KK
5 Nipro Corp
16 Nishi-Nippon City Bank Ltd
9 Nishi-Nippon Railroad Co Ltd
12 Nishimatsu Construction Co Ltd
1 Nishimatsuya Chain Co Ltd
1 Nishio Rent All Co Ltd
3 Nissan Chemical Industries Ltd
31 Nissan Motor Co Ltd
3 Nissan Shatai Co Ltd
1 Nissha Printing Co Ltd
2 Nisshin Oillio Group Ltd
5 Nisshin Seifun Group Inc
2 Nisshin Steel Co Ltd
6 Nisshinbo Holdings Inc
1 Nissin Electric Co Ltd
1 Nissin Kogyo Co Ltd
1 Nitori Holdings Co Ltd
– Nitta Corp
4 Nitto Boseki Co Ltd
1 Nitto Denko Corp
1 Nitto Kogyo Corp
– Noevir Holdings Co Ltd
4 NOF Corp
2 NOK Corp
1 Nomura Co Ltd
24 Nomura Holdings Inc
3 Nomura Real Estate Holdings Inc
1 Nomura Research Institute Ltd
1 Noritz Corp
15 North Pacific Bank Ltd
1 NS Solutions Corp
5 NSK Ltd
18 NTN Corp
1 NTT Data Corp
17 NTT DOCOMO Inc
2 NTT Urban Development Corp
– Obara Group Inc
6 Obayashi Corp
1 Obic Co Ltd
2 Odakyu Electric Railway Co Ltd
9 Ogaki Kyoritsu Bank Ltd
– Ohsho Food Service Corp
– Oiles Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
31
2
23
15
16
21
3
25
18
19
24
8
13
11
139
32
12
40
3
49
26
29
24
32
5
13
32
186
20
12
4
35
13
39
3
12
18
6
9
48
8
3
16
34
4
94
36
26
8
37
10
39
54
32
174
12
5
23
12
15
17
5
4
0.01
–
0.01
0.01
0.01
0.01
–
0.01
0.01
0.01
0.01
–
0.01
–
0.05
0.01
0.01
0.02
–
0.02
0.01
0.01
0.01
0.01
–
0.01
0.01
0.07
0.01
0.01
–
0.01
0.01
0.01
–
–
0.01
–
–
0.02
–
–
0.01
0.01
–
0.04
0.01
0.01
–
0.01
–
0.01
0.02
0.01
0.06
0.01
–
0.01
0.01
0.01
0.01
–
–
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
5 Oita Bank Ltd
21 Oji Holdings Corp
1 Okabe Co Ltd
2 Okamoto Industries Inc
1 Okamura Corp
8 Okasan Securities Group Inc
16 Oki Electric Industry Co Ltd
– Okinawa Cellular Telephone Co
– Okinawa Electric Power Co Inc
4 OKUMA Corp
5 Okumura Corp
1 Olympus Corp
1 Omron Corp
– Ono Pharmaceutical Co Ltd
4 Onward Holdings Co Ltd
– Oracle Corp Japan
13 Orient Corp
– Oriental Land Co Ltd
13 ORIX Corp
11 Osaka Gas Co Ltd
– OSAKA Titanium Technologies Co Ltd
2 OSG Corp
– Otsuka Corp
3 Otsuka Holdings Co Ltd
– Oyo Corp
4 Pacific Metals Co Ltd
1 Pal Co Ltd
1 Paltac Corp
2 PanaHome Corp
13 Panasonic Corp
– Paramount Bed Holdings Co Ltd
1 Park24 Co Ltd
8 Penta-Ocean Construction Co Ltd
– Pigeon Corp
– Pilot Corp
– Piolax Inc
16 Pioneer Corp
– Plenus Co Ltd
– Pola Orbis Holdings Inc
2 Press Kogyo Co Ltd
8 Prima Meat Packers Ltd
3 Rakuten Inc
– Relo Holdings Inc
9 Rengo Co Ltd
26 Resona Holdings Inc
1 Resorttrust Inc
17 Ricoh Co Ltd
– Ricoh Leasing Co Ltd
1 Riken Corp
– Rinnai Corp
– Riso Kagaku Corp
1 Rohm Co Ltd
4 Rohto Pharmaceutical Co Ltd
– Roland DG Corp
3 Round One Corp
– Royal Holdings Co Ltd
2 Ryobi Ltd
– Ryohin Keikaku Co Ltd
1 Ryosan Co Ltd
6 Saibu Gas Co Ltd
1 Saizeriya Co Ltd
1 Sakata INX Corp
1 Sakata Seed Corp
Value
(000's)
GBP
% of Net
Asset
Value
12
47
4
5
4
41
21
4
4
19
15
17
31
16
16
10
15
14
107
28
3
24
7
61
4
7
12
7
8
105
5
14
16
16
10
5
22
4
9
5
11
26
8
23
88
10
119
5
2
10
4
39
30
9
11
4
3
15
12
9
4
4
5
0.01
0.02
–
–
–
0.02
0.01
–
–
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
0.04
0.01
–
0.01
–
0.02
–
–
0.01
–
–
0.04
–
0.01
0.01
0.01
–
–
0.01
–
–
–
–
0.01
–
0.01
0.03
–
0.04
–
–
–
–
0.02
0.01
–
–
–
–
0.01
0.01
–
–
–
–
Annual Report and Audited Financial Statements, 30 November 2014
228
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
– San-A Co Ltd
1 San-Ai Oil Co Ltd
5 San-In Godo Bank Ltd
3 Sanden Corp
1 Sangetsu Co Ltd
1 Sanix Inc
5 Sanken Electric Co Ltd
2 Sanki Engineering Co Ltd
1 Sankyo Co Ltd
1 Sankyo Tateyama Inc
10 Sankyu Inc
1 Sanrio Co Ltd
– Santen Pharmaceutical Co Ltd
7 Sanwa Holdings Corp
2 Sanyo Chemical Industries Ltd
1 Sanyo Electric Railway Co Ltd
2 Sanyo Special Steel Co Ltd
13 Sapporo Holdings Ltd
1 Sato Holdings Corp
1 Sawai Pharmaceutical Co Ltd
6 SBI Holdings Inc
7 Screen Holdings Co Ltd
1 SCSK Corp
1 Secom Co Ltd
4 Sega Sammy Holdings Inc
1 Seikagaku Corp
1 Seiko Epson Corp
8 Seiko Holdings Corp
6 Seino Holdings Co Ltd
2 Seiren Co Ltd
8 Sekisui Chemical Co Ltd
9 Sekisui House Ltd
1 Sekisui Jushi Corp
3 Senko Co Ltd
6 Senshu Ikeda Holdings Inc
1 Seria Co Ltd
3 Seven & I Holdings Co Ltd
5 Seven Bank Ltd
13 Sharp Corp
– Shibuya Kogyo Co Ltd
8 Shiga Bank Ltd
3 Shikoku Bank Ltd
3 Shikoku Electric Power Co Inc
1 Shima Seiki Manufacturing Ltd
2 Shimachu Co Ltd
4 Shimadzu Corp
1 Shimamura Co Ltd
– Shimano Inc
6 Shimizu Corp
1 Shin-Etsu Chemical Co Ltd
4 Shindengen Electric Manufacturing Co Ltd
2 Shinko Electric Industries Co Ltd
4 Shinmaywa Industries Ltd
24 Shinsei Bank Ltd
1 Shionogi & Co Ltd
1 Ship Healthcare Holdings Inc
3 Shiseido Co Ltd
6 Shizuoka Bank Ltd
1 Shizuoka Gas Co Ltd
2 Shochiku Co Ltd
1 Showa Corp
55 Showa Denko KK
6 Showa Shell Sekiyu KK
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
7
4
23
11
17
2
27
8
12
9
25
12
14
32
8
2
4
38
9
30
43
29
11
31
31
6
29
29
36
8
66
80
4
9
20
14
69
14
20
3
27
4
24
10
33
25
32
34
25
29
16
9
24
29
20
10
31
39
4
11
8
48
31
–
–
0.01
–
0.01
–
0.01
–
0.01
–
0.01
–
0.01
0.01
–
–
–
0.01
–
0.01
0.02
0.01
–
0.01
0.01
–
0.01
0.01
0.01
–
0.02
0.03
–
–
0.01
0.01
0.03
0.01
0.01
–
0.01
–
0.01
–
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.01
–
–
–
0.02
0.01
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
6 SKY Perfect JSAT Holdings Inc
– SMC Corp
1 Sodick Co Ltd
3 SoftBank Corp
2 Sohgo Security Services Co Ltd
30 Sojitz Corp
3 Sompo Japan Nipponkoa Holdings Inc
11 Sony Corp
1 Sony Financial Holdings Inc
8 Sotetsu Holdings Inc
– Square Enix Holdings Co Ltd
1 St Marc Holdings Co Ltd
2 Stanley Electric Co Ltd
1 Star Micronics Co Ltd
1 Start Today Co Ltd
1 Starts Corp Inc
1 Sugi Holdings Co Ltd
3 Sumco Corp
9 Sumitomo Bakelite Co Ltd
47 Sumitomo Chemical Co Ltd
9 Sumitomo Corp
3 Sumitomo Dainippon Pharma Co Ltd
9 Sumitomo Electric Industries Ltd
4 Sumitomo Forestry Co Ltd
15 Sumitomo Heavy Industries Ltd
5 Sumitomo Metal Mining Co Ltd
27 Sumitomo Mitsui Construction Co Ltd
14 Sumitomo Mitsui Financial Group Inc
23 Sumitomo Mitsui Trust Holdings Inc
16 Sumitomo Osaka Cement Co Ltd
– Sumitomo Real Estate Sales Co Ltd
1 Sumitomo Realty & Development Co Ltd
1 Sumitomo Riko Co Ltd
5 Sumitomo Rubber Industries Ltd
1 Sumitomo Seika Chemicals Co Ltd
4 Sumitomo Warehouse Co Ltd
– Sundrug Co Ltd
1 Suruga Bank Ltd
2 Suzuken Co Ltd
4 Suzuki Motor Corp
1 Sysmex Corp
– T Hasegawa Co Ltd
8 T&D Holdings Inc
1 Tachi-S Co Ltd
2 Tadano Ltd
12 Taiheiyo Cement Corp
1 Taikisha Ltd
4 Taisei Corp
– Taisho Pharmaceutical Holdings Co Ltd
– Taiyo Holdings Co Ltd
5 Taiyo Yuden Co Ltd
5 Takara Holdings Inc
5 Takara Leben Co Ltd
4 Takara Standard Co Ltd
1 Takasago International Corp
2 Takasago Thermal Engineering Co Ltd
6 Takashimaya Co Ltd
2 Takata Corp
2 Takeda Pharmaceutical Co Ltd
1 Takeuchi Manufacturing Co Ltd
1 Takuma Co Ltd
– Tamron Co Ltd
2 TDK Corp
Value
(000's)
GBP
% of Net
Asset
Value
25
28
6
123
20
28
50
156
12
20
5
18
29
5
11
6
13
27
21
115
62
17
73
28
54
52
19
348
61
29
4
32
3
50
4
15
8
12
33
76
28
4
59
4
19
24
11
13
12
7
35
20
15
18
3
14
34
10
42
13
5
4
64
0.01
0.01
–
0.05
0.01
0.01
0.02
0.06
–
0.01
–
0.01
0.01
–
–
–
0.01
0.01
0.01
0.04
0.02
0.01
0.03
0.01
0.02
0.02
0.01
0.13
0.02
0.01
–
0.01
–
0.02
–
0.01
–
0.01
0.01
0.03
0.01
–
0.02
–
0.01
0.01
–
0.01
–
–
0.01
0.01
0.01
0.01
–
0.01
0.01
–
0.02
0.01
–
–
0.02
Annual Report and Audited Financial Statements, 30 November 2014
229
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
37 Teijin Ltd
1 Teikoku Sen-I Co Ltd
1 Temp Holdings Co Ltd
2 Terumo Corp
1 THK Co Ltd
– TKC Corp
4 Toa Corp/Tokyo
11 Toagosei Co Ltd
6 Tobu Railway Co Ltd
1 TOC Co Ltd
2 Tochigi Bank Ltd
5 Toda Corp
1 Toei Co Ltd
6 Toho Bank Ltd
– Toho Co Ltd
5 Toho Gas Co Ltd
1 Toho Holdings Co Ltd
6 Toho Zinc Co Ltd
4 Tohoku Electric Power Co Inc
6 Tokai Carbon Co Ltd
2 TOKAI Holdings Corp
2 Tokai Rika Co Ltd
5 Tokai Tokyo Financial Holdings Inc
– Token Corp
4 Tokio Marine Holdings Inc
10 Tokuyama Corp
9 Tokyo Dome Corp
9 Tokyo Electric Power Co Inc
1 Tokyo Electron Ltd
7 Tokyo Gas Co Ltd
2 Tokyo Ohka Kogyo Co Ltd
1 Tokyo Seimitsu Co Ltd
3 Tokyo Steel Manufacturing Co Ltd
8 Tokyo Tatemono Co Ltd
– Tokyo TY Financial Group Inc
5 Tokyu Corp
7 Tokyu Fudosan Holdings Corp
4 TOMONY Holdings Inc
2 Tomy Co Ltd
2 TonenGeneral Sekiyu KK
1 Topcon Corp
1 Toppan Forms Co Ltd
7 Toppan Printing Co Ltd
1 Topre Corp
6 Topy Industries Ltd
19 Toray Industries Inc
– Torii Pharmaceutical Co Ltd
20 Toshiba Corp
3 Toshiba Machine Co Ltd
1 Toshiba Plant Systems & Services Corp
5 Toshiba TEC Corp
20 Tosoh Corp
1 Totetsu Kogyo Co Ltd
4 TOTO Ltd
– Towa Pharmaceutical Co Ltd
2 Toyo Construction Co Ltd
2 Toyo Engineering Corp
6 Toyo Ink SC Holdings Co Ltd
5 Toyo Seikan Group Holdings Ltd
1 Toyo Suisan Kaisha Ltd
2 Toyo Tire & Rubber Co Ltd
39 Toyobo Co Ltd
3 Toyoda Gosei Co Ltd
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
64
19
15
29
14
4
4
29
17
5
6
13
3
13
6
17
12
13
28
11
5
30
25
3
77
14
23
21
26
23
34
12
9
41
5
19
30
12
7
11
17
7
31
9
7
93
3
58
8
6
23
59
10
30
6
6
5
18
36
22
31
35
38
0.02
0.01
0.01
0.01
0.01
–
–
0.01
0.01
–
–
0.01
–
0.01
–
0.01
–
0.01
0.01
–
–
0.01
0.01
–
0.03
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
0.02
–
0.01
0.01
–
–
–
0.01
–
0.01
–
–
0.03
–
0.02
–
–
0.01
0.02
–
0.01
–
–
–
0.01
0.01
0.01
0.01
0.01
0.01
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
3 Toyota Boshoku Corp
1 Toyota Industries Corp
27 Toyota Motor Corp
4 Toyota Tsusho Corp
1 TPR Co Ltd
– Trancom Co Ltd
1 Transcosmos Inc
1 Trend Micro Inc
– Trusco Nakayama Corp
2 TS Tech Co Ltd
3 TSI Holdings Co Ltd
5 Tsubakimoto Chain Co
2 Tsukuba Bank Ltd
2 Tsukui Corp
2 Tsumura & Co
– Tsuruha Holdings Inc
10 UACJ Corp
37 Ube Industries Ltd
2 Ulvac Inc
1 Unicharm Corp
– Union Tool Co
1 Unipres Corp
1 United Arrows Ltd
30 Unitika Ltd
9 UNY Group Holdings Co Ltd
2 Usen Corp
5 Ushio Inc
2 USS Co Ltd
2 Valor Co Ltd
3 VT Holdings Co Ltd
4 Wacoal Holdings Corp
2 Wacom Co Ltd
1 Wakita & Co Ltd
– Weathernews Inc
1 Welcia Holdings Co Ltd
1 West Japan Railway Co
– Xebio Co Ltd
7 Yahoo Japan Corp
– Yakult Honsha Co Ltd
27 Yamada Denki Co Ltd
4 Yamagata Bank Ltd
5 Yamaguchi Financial Group Inc
4 Yamaha Corp
2 Yamaha Motor Co Ltd
5 Yamanashi Chuo Bank Ltd
3 Yamato Holdings Co Ltd
1 Yamato Kogyo Co Ltd
3 Yamazaki Baking Co Ltd
1 Yamazen Corp
1 Yaoko Co Ltd
3 Yaskawa Electric Corp
– Yellow Hat Ltd
3 Yodogawa Steel Works Ltd
1 Yokogawa Bridge Holdings Corp
3 Yokogawa Electric Corp
1 Yokohama Reito Co Ltd
8 Yokohama Rubber Co Ltd
– Yondoshi Holdings Inc
1 Yoshinoya Holdings Co Ltd
– Yuasa Trading Co Ltd
2 Zenkoku Hosho Co Ltd
4 Zensho Holdings Co Ltd
7 Zeon Corp
Value
(000's)
GBP
% of Net
Asset
Value
22
34
1,068
58
10
3
6
12
5
32
11
27
3
8
33
14
19
34
18
20
3
13
11
10
29
4
30
21
19
7
26
5
3
3
16
30
4
16
3
56
11
32
37
31
13
39
16
24
4
19
27
4
7
4
26
3
47
3
8
4
29
18
43
0.01
0.01
0.39
0.02
–
–
–
–
–
0.01
–
0.01
–
–
0.01
0.01
0.01
0.01
0.01
0.01
–
0.01
–
–
0.01
–
0.01
0.01
0.01
–
0.01
–
–
–
0.01
0.01
–
0.01
–
0.02
–
0.01
0.01
0.01
0.01
0.02
0.01
0.01
–
0.01
0.01
–
–
–
0.01
–
0.02
–
–
–
0.01
0.01
0.02
Annual Report and Audited Financial Statements, 30 November 2014
230
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Japan – 8.03% (continued)
– ZERIA Pharmaceutical Co Ltd
Korea, Republic of – 0.07%
– Chong Kun Dang Pharmaceutical Corp
– CJ E&M Corp
– Daesang Corp
1 DGB Financial Group Inc
– Fila Korea Ltd
– Grand Korea Leisure Co Ltd
1 GS Engineering & Construction Corp
– Halla Holdings Corp
1 Hite Jinro Co Ltd
Hyundai Development Co-Engineering &
1 Construction
1 Hyundai Greenfood Co Ltd
– Hyundai Home Shopping Network Corp
1 Hyundai Securities Co Ltd
1 Korea Investment Holdings Co Ltd
1 Korean Reinsurance Co
– KyungDong City Gas Co Ltd
– LF Corp
– LG Hausys Ltd
– LG International Corp
– Lotte Chilsung Beverage Co Ltd
– Lotte Confectionery Co Ltd
– LS Industrial Systems Co Ltd
3 Macquarie Korea Infrastructure Fund
– Mando Corp
2 Meritz Securities Co Ltd
– Mirae Asset Securities Co Ltd
– Nexen Corp
– NHN Entertainment Corp
– NongShim Co Ltd
– Ottogi Corp
– Samsung Fine Chemicals Co Ltd
– Shinsegae Co Ltd
– SK Chemicals Co Ltd
1 Woori Investment & Securities Co Ltd
– Youngone Corp
– Yuhan Corp
Malaysia – 0.00%
8 IJM Corp Bhd
Netherlands – 1.05%
4 Aalberts Industries NV
1 Accell Group
18 Aegon NV
5 Akzo Nobel NV
– Amsterdam Commodities NV
2 APERAM SA
2 Arcadis NV
15 ArcelorMittal
2 ASM International NV
1 ASML Holding NV (Netherlands listing)
– ASML Holding NV (US listing)
1 BE Semiconductor Industries NV
2 BinckBank NV
3 Boskalis Westminster NV
– Brunel International NV
2 Corbion NV
7 Delta Lloyd NV
1 Eurocommercial Properties NV
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
4
–
21,856
8.03
4
4
4
8
5
4
5
1
4
–
–
–
0.01
–
–
–
–
–
11
4
4
5
11
5
5
4
6
4
6
5
4
12
4
5
6
4
4
4
7
3
4
5
6
6
4
0.01
–
–
–
0.01
–
–
–
0.01
–
–
–
–
0.01
–
–
0.01
–
–
–
0.01
–
–
–
–
–
0.00
187
0.07
11
–
11
–
66
6
91
202
4
42
48
120
47
44
7
16
11
102
4
20
98
36
0.02
–
0.03
0.07
–
0.01
0.02
0.04
0.02
0.02
–
0.01
–
0.04
–
0.01
0.04
0.01
Shares (000's)
Common Stock (continued)
Netherlands – 1.05% (continued)
– Exact Holding NV
2 Fugro NV
1 Galapagos NV
1 Gemalto NV
1 Grontmij
– Heijmans NV
1 Heineken NV
28 ING Groep NV
– Kendrion NV
15 Koninklijke Ahold NV
8 Koninklijke BAM Groep NV
2 Koninklijke DSM NV
60 Koninklijke KPN NV
9 Koninklijke Philips NV
1 Koninklijke Ten Cate NV
2 Koninklijke Vopak NV
3 Koninklijke Wessanen NV
2 Nutreco NV
9 PostNL NV
3 Randstad Holding NV
5 Reed Elsevier NV
5 SBM Offshore NV
1 Sligro Food Group NV
2 TKH Group NV
12 TNT Express NV
4 TomTom NV
8 Unilever NV
2 USG People NV
8 Wolters Kluwer NV
New Zealand – 0.18%
16 Air New Zealand Ltd
22 Auckland International Airport Ltd
10 Chorus Ltd
11 Contact Energy Ltd
2 Ebos Group Ltd
10 Fisher & Paykel Healthcare Corp Ltd
9 Fletcher Building Ltd
3 Freightways Ltd
9 Infratil Ltd
2 Kathmandu Holdings Ltd
4 Mainfreight Ltd
18 Mighty River Power Ltd
6 Nuplex Industries Ltd
2 Port of Tauranga Ltd
16 Precinct Properties New Zealand Ltd
2 Ryman Healthcare Ltd
4 Skellerup Holdings Ltd
12 SKY Network Television Ltd
15 SKYCITY Entertainment Group Ltd
41 Spark New Zealand Ltd
4 Summerset Group Holdings Ltd
8 Trade Me Group Ltd
1 TrustPower Ltd
4 Vector Ltd
5 Warehouse Group Ltd
1 Xero Ltd
9 Z Energy Ltd
Norway – 0.34%
3 Akastor ASA
1 Aker ASA
Value
(000's)
GBP
% of Net
Asset
Value
5
31
7
55
4
2
55
262
4
164
14
98
127
183
14
53
11
74
23
96
79
46
22
33
53
17
218
15
148
–
0.01
–
0.02
–
–
0.02
0.10
–
0.06
0.01
0.03
0.05
0.07
0.01
0.02
–
0.03
0.01
0.03
0.03
0.02
0.01
0.01
0.02
0.01
0.08
0.01
0.05
2,877
1.05
19
42
10
34
9
28
36
8
12
3
28
26
9
19
9
10
3
39
30
63
6
15
4
5
8
5
18
0.01
0.02
0.01
0.01
–
0.01
0.01
–
0.01
–
0.01
0.01
–
0.01
–
–
–
0.02
0.01
0.02
–
0.01
–
–
–
–
0.01
498
0.18
6
9
–
–
Annual Report and Audited Financial Statements, 30 November 2014
231
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Norway – 0.34% (continued)
3 Aker Solutions ASA
5 Archer Ltd
3 Atea ASA
2 Austevoll Seafood ASA
1 Bakkafrost P/F
13 BW Offshore Ltd
1 Det Norske Oljeselskap ASA
7 DNB ASA
5 DNO ASA
1 Fred Olsen Energy ASA
– Gjensidige Forsikring ASA
8 Golden Ocean Group Ltd
1 Hoegh LNG Holdings Ltd
14 Kongsberg Automotive ASA
1 Leroy Seafood Group ASA
2 Marine Harvest ASA
2 Nordic Semiconductor ASA
17 Norsk Hydro ASA
1 Norwegian Air Shuttle ASA
8 Norwegian Property ASA
2 Opera Software ASA
4 Orkla ASA
4 Petroleum Geo-Services ASA
8 Prosafe SE
94 REC Silicon ASA
1 REC Solar ASA
1 Salmar ASA
– Schibsted ASA
6 Seadrill Ltd
2 SpareBank 1 SMN
3 SpareBank 1 SR-Bank ASA
14 Statoil ASA
1 Stolt-Nielsen Ltd
13 Storebrand ASA
4 Subsea 7 SA
2 Telenor ASA
3 TGS Nopec Geophysical Co ASA
4 Tomra Systems ASA
2 Veidekke ASA
1 Wilh Wilhelmsen ASA
– Wilh Wilhelmsen Holding ASA, Class A
2 Yara International ASA
Poland – 0.01%
2 Polski Koncern Naftowy Orlen SA
Portugal – 0.12%
11 Banco BPI SA
851 Banco Comercial Portugues SA
45 Banco Espirito Santo SA
13 EDP - Energias de Portugal SA
8 EDP Renovaveis SA
6 Galp Energia SGPS SA
4 Jeronimo Martins SGPS SA
3 Mota-Engil SGPS SA
8 NOS SGPS
7 Portucel SA
5 Portugal Telecom SGPS SA
6 REN - Redes Energeticas Nacionais SGPS SA
2 Semapa-Sociedade de Investimento e Gestao
32 Sonae SGPS SA
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
11
2
21
9
9
8
4
77
7
6
3
4
7
8
27
18
6
65
12
8
15
21
13
16
21
11
9
18
53
11
12
162
6
39
27
30
35
19
14
4
3
65
0.01
–
0.01
–
–
–
–
0.03
–
–
–
–
–
–
0.01
0.01
–
0.02
0.01
–
0.01
0.01
0.01
0.01
0.01
–
–
0.01
0.02
–
0.01
0.06
–
0.02
0.01
0.01
0.01
0.01
0.01
–
–
0.02
931
0.34
16
0.01
16
0.01
14
56
–
35
32
45
26
8
31
16
6
12
13
28
0.01
0.02
–
0.01
0.01
0.02
0.01
–
0.01
0.01
–
–
0.01
0.01
322
0.12
Shares (000's)
Common Stock (continued)
Singapore – 0.54%
52 Biosensors International Group Ltd
7 Boustead Singapore Ltd
3 Bukit Sembawang Estates Ltd
30 CapitaLand Ltd
9 Chip Eng Seng Corp Ltd
3 City Developments Ltd
33 ComfortDelGro Corp Ltd
41 Cosco Corp Singapore Ltd
12 CSE Global Ltd
11 CWT Ltd
11 DBS Group Holdings Ltd
40 Ezion Holdings Ltd
23 Ezra Holdings Ltd
5 Far East Orchard Ltd
18 First Resources Ltd
25 Genting Singapore PLC
20 Global Logistic Properties Ltd
100 Golden Agri-Resources Ltd
1 Great Eastern Holdings Ltd
12 GuocoLeisure Ltd
9 Haw Par Corp Ltd
4 Ho Bee Land Ltd
9 Hong Fok Corp Ltd
10 Hong Leong Finance Ltd
3 Hongkong Land Holdings Ltd
39 Hutchison Port Holdings Trust
28 Hyflux Ltd
17 Indofood Agri Resources Ltd
1 Jardine Cycle & Carriage Ltd
6 Keppel Corp Ltd
23 Keppel Land Ltd
7 M1 Ltd
9 Metro Holdings Ltd
17 Midas Holdings Ltd
25 Nam Cheong Ltd
35 Neptune Orient Lines Ltd
105 Noble Group Ltd
12 Olam International Ltd
4 OSIM International Ltd
9 OUE Ltd
32 Oversea-Chinese Banking Corp Ltd
4 Petra Foods Ltd
3 Raffles Medical Group Ltd
22 SATS Ltd
15 Sembcorp Industries Ltd
5 Sembcorp Marine Ltd
8 Sim Lian Group Ltd
61 Sinarmas Land Ltd
8 Singapore Airlines Ltd
7 Singapore Exchange Ltd
28 Singapore Post Ltd
8 Singapore Press Holdings Ltd
40 Singapore Telecommunications Ltd
9 SMRT Corp Ltd
12 Stamford Land Corp Ltd
6 StarHub Ltd
10 Super Group Ltd
14 United Engineers Ltd
6 United Envirotech Ltd
3 United Industrial Corp Ltd
9 United Overseas Bank Ltd
7 UOB-Kay Hian Holdings Ltd
14 UOL Group Ltd
Value
(000's)
GBP
% of Net
Asset
Value
14
6
8
49
4
15
42
12
4
9
108
26
7
4
17
14
26
23
12
5
38
4
4
13
13
17
12
6
21
26
38
12
4
2
5
14
63
13
4
9
166
7
6
32
34
8
3
18
41
25
27
17
76
7
3
12
6
20
5
5
104
5
46
0.01
–
–
0.02
–
0.01
0.02
–
–
–
0.04
0.01
–
–
0.01
0.01
0.01
0.01
–
–
0.01
–
–
0.01
0.01
0.01
–
–
0.01
0.01
0.01
0.01
–
–
–
0.01
0.02
0.01
–
–
0.06
–
–
0.01
0.01
–
–
0.01
0.02
0.01
0.01
0.01
0.03
–
–
–
–
0.01
–
–
0.04
–
0.02
Annual Report and Audited Financial Statements, 30 November 2014
232
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Singapore – 0.54% (continued)
9 Vard Holdings Ltd
11 Venture Corp Ltd
6 Wheelock Properties Singapore Ltd
14 Wilmar International Ltd
13 Wing Tai Holdings Ltd
South Africa – 0.01%
3 Discovery Ltd
1 Imperial Holdings Ltd
Spain – 1.05%
19 Abengoa SA
3 Abertis Infraestructuras SA
1 Acciona SA
3 Acerinox SA
1 ACS Actividades de Construccion y Servicios SA
2 Almirall SA
2 Amadeus IT Holding SA
1 Atresmedia Corp de Medios de Comunicacion SA
26 Banco Bilbao Vizcaya Argentaria SA
84 Banco de Sabadell SA
17 Banco Popular Espanol SA
84 Banco Santander SA
32 Bankia SA
14 Bankinter SA
– Baron de Ley
1 Bolsas y Mercados Espanoles SA
8 CaixaBank SA
2 Cie Automotive SA
– Construcciones y Auxiliar de Ferrocarriles SA
11 Distribuidora Internacional de Alimentacion SA
2 Duro Felguera SA
2 Ebro Foods SA
1 Elecnor SA
3 Enagas SA
5 Faes Farma SA
2 Ferrovial SA
– Ferrovial SA (RFD)
2 Fomento de Construcciones y Contratas SA
8 Gamesa Corp Tecnologica SA
2 Gas Natural SDG SA
1 Grifols SA
1 Grupo Catalana Occidente SA
72 Iberdrola SA
2 Inditex SA
3 Indra Sistemas SA
94 Inmobiliaria Colonial SA
4 Jazztel PLC
24 Mapfre SA
7 Mediaset Espana Comunicacion SA
2 Melia Hotels International SA
6 NH Hotel Group SA
2 Obrascon Huarte Lain SA
4 Prosegur Cia de Seguridad SA
1 Red Electrica Corp SA
6 Repsol SA
13 Sacyr SA
1 Tecnicas Reunidas SA
20 Telefonica SA
4 Tubacex SA
2 Tubos Reunidos SA
– Vidrala SA (non-voting rights)
– Vidrala SA
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
3
41
5
22
11
–
0.02
–
0.01
–
1,478
0.54
17
17
0.01
–
34
0.01
30
39
52
31
25
20
60
7
180
152
61
482
36
83
3
40
29
18
11
50
4
28
4
61
7
26
1
21
55
30
27
25
339
48
22
44
41
57
53
10
18
30
14
51
86
33
21
206
10
3
1
12
0.01
0.01
0.02
0.01
0.01
0.01
0.02
–
0.07
0.06
0.02
0.18
0.01
0.03
–
0.02
0.01
0.01
–
0.02
–
0.01
–
0.02
–
0.01
–
0.01
0.02
0.01
0.01
0.01
0.12
0.02
0.01
0.02
0.02
0.02
0.02
–
0.01
0.01
0.01
0.02
0.03
0.01
0.01
0.08
–
–
–
–
Shares (000's)
Common Stock (continued)
Spain – 1.05% (continued)
1 Viscofan SA
3 Zardoya Otis SA
3 Zeltia SA
Sweden – 1.20%
1 AAK AB
1 AddTech AB
2 AF AB
3 Alfa Laval AB
3 Assa Abloy AB
2 Atlas Copco AB, Class A
2 Atlas Copco AB, Class B
– Atrium Ljungberg AB
– Avanza Bank Holding AB
1 Axfood AB
1 Axis Communications AB
– B&B Tools AB
1 Beijer Alma AB
– Beijer Ref AB
1 Betsson AB
1 Bilia AB
6 BillerudKorsnas AB
7 Boliden AB
2 Bure Equity AB
1 Byggmax Group AB
3 Castellum AB
1 Clas Ohlson AB
3 Cloetta AB
1 Concentric AB
1 Dios Fastigheter AB
1 Duni AB
1 East Capital Explorer AB
3 Electrolux AB
5 Elekta AB
3 Eniro AB
3 Fabege AB
2 Fastighets AB Balder
4 Getinge AB
2 Haldex AB
3 Hennes & Mauritz AB
1 Hexagon AB
1 Hexpol AB
1 HIQ International AB
2 Holmen AB
3 Hufvudstaden AB
9 Husqvarna AB
1 Husqvarna AB, Class A
2 ICA Gruppen AB
1 Industrial & Financial Systems
1 Indutrade AB
2 Intrum Justitia AB
3 JM AB
1 KappAhl AB
2 Klovern AB
2 Kungsleden AB
2 Lindab International AB
2 Loomis AB
4 Lundin Petroleum AB
6 Meda AB
1 Medivir AB
1 Mekonomen AB
1 Millicom International Cellular SA
1 Modern Times Group MTG AB
Value
(000's)
GBP
% of Net
Asset
Value
29
20
8
0.01
0.01
–
2,854
1.05
32
11
18
36
90
40
27
3
7
20
19
7
11
4
23
26
55
80
5
4
36
11
5
6
5
12
3
48
30
1
26
16
61
17
75
27
31
4
47
26
41
7
50
13
27
31
69
4
6
10
10
34
36
53
7
13
35
15
0.01
–
0.01
0.01
0.03
0.02
0.01
–
–
0.01
0.01
–
–
–
0.01
0.01
0.02
0.03
–
–
0.01
–
–
–
–
0.01
–
0.02
0.01
–
0.01
0.01
0.02
0.01
0.03
0.01
0.01
–
0.02
0.01
0.02
–
0.02
0.01
0.01
0.01
0.03
–
–
–
–
0.01
0.01
0.02
–
0.01
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
233
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Sweden – 1.20% (continued)
2 NCC AB
1 Net Entertainment NE AB
3 Nibe Industrier AB
5 Nobia AB
1 Nolato AB
21 Nordea Bank AB
2 Nordnet AB
1 Oriflame Cosmetics SA
6 Peab AB
8 Ratos AB
4 Rezidor Hotel Group AB
2 Saab AB
9 Sandvik AB
8 Securitas AB
10 Skandinaviska Enskilda Banken AB
3 Skanska AB
3 SKF AB
6 SSAB AB, Class A
6 SSAB AB, Class B
7 Svenska Cellulosa AB SCA
3 Svenska Handelsbanken AB
1 Sweco AB
5 Swedbank AB
2 Swedish Match AB
4 Swedish Orphan Biovitrum AB
11 Tele2 AB
20 Telefonaktiebolaget LM Ericsson
24 TeliaSonera AB
6 Trelleborg AB
1 Unibet Group PLC
4 Volvo AB, Class A
12 Volvo AB, Class B
2 Wallenstam AB
2 Wihlborgs Fastigheter AB
Switzerland – 2.62%
20 ABB Ltd
1 Actelion Ltd
2 Adecco SA
– AFG Arbonia-Forster Holding AG
1 Allreal Holding AG
1 ams AG
– APG SGA SA
3 Aryzta AG
1 Ascom Holding AG
– Autoneum Holding AG
1 Baloise Holding AG
– Banque Cantonale Vaudoise
– Barry Callebaut AG
– Belimo Holding AG
– Bell AG
– Berner Kantonalbank AG
– BKW AG
– Bobst Group SA
– Bossard Holding AG
– Bucher Industries AG
– Burckhardt Compression Holding AG
– Burkhalter Holding AG
– Chocoladefabriken Lindt & Sprungli AG
3 Cie Financiere Richemont SA
12 Clariant AG
– Conzzeta AG
12 Credit Suisse Group AG
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
46
12
52
26
20
171
6
11
27
35
11
45
60
59
85
42
43
27
22
111
95
12
90
53
28
90
163
108
64
20
27
82
22
24
0.02
0.01
0.02
0.01
0.01
0.06
–
–
0.01
0.01
–
0.02
0.02
0.02
0.03
0.02
0.02
0.01
0.01
0.04
0.04
0.01
0.03
0.02
0.01
0.03
0.06
0.04
0.02
0.01
0.01
0.03
0.01
0.01
3,255
1.20
288
46
78
3
34
27
6
125
12
10
102
29
14
20
4
12
3
9
7
45
12
3
38
171
138
15
210
0.11
0.02
0.03
–
0.01
0.01
–
0.05
0.01
–
0.04
0.01
0.01
0.01
–
–
–
–
–
0.02
–
–
0.01
0.06
0.05
0.01
0.08
Shares (000's)
Common Stock (continued)
Switzerland – 2.62% (continued)
– Daetwyler Holding AG
1 DKSH Holding AG
1 Dufry AG
1 EFG International AG
– Emmi AG
– EMS-Chemie Holding AG
– Energiedienst Holding AG
– Flughafen Zuerich AG
– Forbo Holding AG
– Galenica AG
6 GAM Holding AG
1 Gategroup Holding AG
– Geberit AG
– Georg Fischer AG
– Givaudan SA
– Helvetia Holding AG
3 Holcim Ltd
– Huber & Suhner AG
– Implenia AG
– Inficon Holding AG
– Interroll Holding AG
2 Julius Baer Group Ltd
– Kaba Holding AG
– Kardex AG
– Komax Holding AG
2 Kudelski SA
1 Kuehne & Nagel International AG
– Kuoni Reisen Holding AG
– LEM Holding SA
1 Liechtensteinische Landesbank AG
5 Logitech International SA
2 Lonza Group AG
– Luzerner Kantonalbank AG
– Metall Zug AG
3 Meyer Burger Technology AG
1 Mobilezone Holding AG
– Mobimo Holding AG
23 Nestle SA
2 Nobel Biocare Holding AG
13 Novartis AG
7 OC Oerlikon Corp AG
– Orascom Development Holding AG
– Panalpina Welttransport Holding AG
– Partners Group Holding AG
– Phoenix Mecano AG
1 PSP Swiss Property AG
– Rieter Holding AG
2 Roche Holding AG (non-voting rights)
– Roche Holding AG
– Romande Energie Holding SA
– Schaffner Holding AG
– Schindler Holding AG
22 Schmolz + Bickenbach AG
– Schweiter Technologies AG
– SGS SA
– Siegfried Holding AG
– Sika AG
– Sonova Holding AG
– St Galler Kantonalbank AG
– Straumann Holding AG
1 Sulzer AG
1 Swatch Group AG
– Swatch Group AG (BR)
Value
(000's)
GBP
% of Net
Asset
Value
12
35
74
9
17
21
3
66
37
82
70
11
47
59
99
82
146
10
6
12
4
63
38
8
9
11
30
20
6
8
41
161
18
6
12
5
32
1,082
24
788
53
4
16
43
4
50
16
392
19
3
3
9
18
13
55
10
151
16
14
24
54
34
87
–
0.01
0.03
–
0.01
0.01
–
0.02
0.01
0.03
0.03
–
0.02
0.02
0.04
0.03
0.05
–
–
0.01
–
0.02
0.01
–
–
–
0.01
0.01
–
–
0.02
0.06
0.01
–
0.01
–
0.01
0.40
0.01
0.29
0.02
–
0.01
0.02
–
0.02
0.01
0.14
0.01
–
–
–
0.01
0.01
0.02
–
0.06
0.01
0.01
0.01
0.02
0.01
0.03
Annual Report and Audited Financial Statements, 30 November 2014
234
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Switzerland – 2.62% (continued)
1 Swiss Life Holding AG
1 Swiss Prime Site AG
4 Swiss Re AG
– Swisscom AG
5 Swisslog Holding AG
1 Syngenta AG
1 Tecan Group AG
2 Temenos Group AG
– U-Blox AG
19 UBS Group AG
1 Valiant Holding AG
– Valora Holding AG
– Vaudoise Assurances Holding SA
– Vetropack Holding AG
1 Vontobel Holding AG
– VZ Holding AG
– Zehnder Group AG
– Zuger Kantonalbank AG
1 Zurich Insurance Group AG
Taiwan – 0.06%
5 AcBel Polytech Inc
5 ALI Corp
3 Cheng Uei Precision Industry Co Ltd
6 Chin-Poon Industrial Co Ltd
3 Chroma ATE Inc
1 eMemory Technology Inc
4 Everlight Electronics Co Ltd
5 Gigabyte Technology Co Ltd
4 Huaku Development Co Ltd
4 Ichia Technologies Inc
3 Inotera Memories Inc
1 King Slide Works Co Ltd
10 King Yuan Electronics Co Ltd
8 King's Town Bank Co Ltd
13 Kinpo Electronics
8 Micro-Star International Co Ltd
2 MIN AIK Technology Co Ltd
6 Oriental Union Chemical Corp
1 Parade Technologies Ltd
1 PChome Online Inc
1 Phison Electronics Corp
13 Powertech Technology Inc
15 Qisda Corp
1 Richtek Technology Corp
3 Sinbon Electronics Co Ltd
17 Taichung Commercial Bank Co Ltd
23 Tatung Co Ltd
1 Tong Hsing Electronic Industries Ltd
9 Tripod Technology Corp
5 TSRC Corp
2 TTY Biopharm Co Ltd
7 Tung Ho Steel Enterprise Corp
27 Winbond Electronics Corp
United Kingdom – 7.10%
28 3i Group PLC
7 888 Holdings PLC
2 A.G.BARR PLC
20 Aberdeen Asset Management PLC
4 Acacia Mining PLC
3 Admiral Group PLC
35 Afren PLC
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
128
65
211
70
4
194
23
39
10
216
26
14
8
7
25
4
3
6
257
0.05
0.02
0.08
0.03
–
0.07
0.01
0.01
–
0.08
0.01
0.01
–
–
0.01
–
–
–
0.10
7,123
2.62
4
2
3
6
5
7
5
4
5
3
3
8
5
5
4
6
6
3
6
8
4
14
4
3
3
4
4
2
11
4
3
3
5
–
–
–
–
–
0.01
–
–
–
–
–
0.01
–
–
–
–
0.01
–
–
0.01
–
0.01
–
–
–
–
–
–
0.01
–
–
–
–
162
0.06
124
9
15
89
9
39
18
0.05
–
0.01
0.03
–
0.01
0.01
Shares (000's)
Common Stock (continued)
United Kingdom – 7.10% (continued)
6 Aggreko PLC
7 Alent PLC
10 AMEC PLC
16 Amlin PLC
13 Anglo American PLC
2 Anglo Pacific Group PLC
4 Anite PLC
8 Antofagasta PLC
5 ARM Holdings PLC
13 Ashmore Group PLC
8 Ashtead Group PLC
1 Associated British Foods PLC
6 AstraZeneca PLC
– Aveva Group PLC
51 Aviva PLC
10 Babcock International Group PLC
31 BAE Systems PLC
23 Balfour Beatty PLC
1 Bank of Georgia Holdings PLC
88 Barclays PLC
26 Barratt Developments PLC
14 BBA Aviation PLC
16 Beazley PLC
4 Bellway PLC
7 Berendsen PLC
4 Berkeley Group Holdings PLC
1 Betfair Group PLC
36 BG Group PLC
17 BHP Billiton PLC
7 Bodycote PLC
46 Booker Group PLC
5 Bovis Homes Group PLC
154 BP PLC
2 Brammer PLC
10 Brewin Dolphin Holdings PLC
6 British American Tobacco PLC
5 Britvic PLC
23 BT Group PLC
9 BTG PLC
4 Bunzl PLC
4 Burberry Group PLC
19 Bwin.Party Digital Entertainment PLC
96 Cable & Wireless Communications PLC
23 Cairn Energy PLC
4 Cape PLC
5 Capita PLC
16 Capital & Counties Properties PLC
14 Carillion PLC
1 Carnival PLC
1 Castings PLC
14 Catlin Group Ltd
31 Centamin PLC
53 Centrica PLC
6 Chemring Group PLC
3 Chesnara PLC
1 Chime Communications PLC
8 Cineworld Group PLC
– Clarkson PLC
5 Close Brothers Group PLC
34 Cobham PLC
5 Coca-Cola HBC AG
15 Colt Group SA
10 Compass Group PLC
Value
(000's)
GBP
% of Net
Asset
Value
96
24
91
73
178
2
3
60
42
40
79
43
289
5
257
115
148
42
18
216
122
49
44
78
75
103
13
320
261
46
66
42
649
5
28
213
36
96
73
66
58
21
47
37
9
52
60
50
27
3
76
14
151
15
11
3
29
7
74
104
75
20
113
0.03
0.01
0.03
0.03
0.06
–
–
0.02
0.02
0.01
0.03
0.02
0.11
–
0.09
0.04
0.05
0.02
0.01
0.08
0.04
0.02
0.02
0.03
0.03
0.04
–
0.12
0.10
0.02
0.02
0.01
0.24
–
0.01
0.08
0.01
0.03
0.03
0.02
0.02
0.01
0.02
0.01
–
0.02
0.02
0.02
0.01
–
0.03
0.01
0.06
0.01
–
–
0.01
–
0.03
0.04
0.03
0.01
0.04
Annual Report and Audited Financial Statements, 30 November 2014
235
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United Kingdom – 7.10% (continued)
2 Computacenter PLC
1 Consort Medical PLC
1 Cranswick PLC
3 Croda International PLC
5 CSR PLC
– Daejan Holdings PLC
6 Daily Mail & General Trust PLC
5 Dairy Crest Group PLC
8 Darty PLC
5 DCC PLC
2 De La Rue PLC
53 Debenhams PLC
3 Dechra Pharmaceuticals PLC
4 Development Securities PLC
5 Devro PLC
6 Diageo PLC
– Dialight PLC
1 Dignity PLC
5 Diploma PLC
18 Direct Line Insurance Group PLC
21 Dixons Carphone PLC
2 Domino Printing Sciences PLC
4 Domino's Pizza Group PLC
14 Drax Group PLC
34 DS Smith PLC
2 Dunelm Group PLC
3 E2V Technologies PLC
2 easyJet PLC
20 Electrocomponents PLC
20 Elementis PLC
23 EnQuest PLC
21 Enterprise Inns PLC
1 Euromoney Institutional Investor PLC
11 Evraz PLC
8 Experian PLC
6 Fenner PLC
5 Ferrexpo PLC
1 Fidessa Group PLC
7 Filtrona PLC
39 Firstgroup PLC
3 Fresnillo PLC
36 Friends Life Group Ltd
39 G4S PLC
3 Galliford Try PLC
1 Genus PLC
38 GKN PLC
15 GlaxoSmithKline PLC
44 Glencore PLC
1 Go-Ahead Group PLC
7 Grafton Group PLC
13 Grainger PLC
19 Greencore Group PLC
7 Greene King PLC
3 Greggs PLC
9 Halfords Group PLC
13 Halma PLC
3 Hargreaves Lansdown PLC
34 Hays PLC
2 Headlam Group PLC
3 Helical Bar PLC
36 Henderson Group PLC
4 Hikma Pharmaceuticals PLC
3 Hill & Smith Holdings PLC
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
16
10
21
70
45
6
49
24
5
178
13
38
28
9
13
126
1
12
36
54
90
17
30
83
98
18
5
34
42
51
11
22
13
16
85
14
4
25
50
44
20
131
107
31
18
133
217
140
26
42
25
55
54
20
42
89
26
45
10
10
80
75
15
0.01
–
0.01
0.03
0.02
–
0.02
0.01
–
0.07
–
0.01
0.01
–
–
0.05
–
–
0.01
0.02
0.03
0.01
0.01
0.03
0.04
0.01
–
0.01
0.02
0.02
–
0.01
–
0.01
0.03
0.01
–
0.01
0.02
0.02
0.01
0.05
0.04
0.01
0.01
0.05
0.08
0.05
0.01
0.02
0.01
0.02
0.02
0.01
0.02
0.03
0.01
0.02
–
–
0.03
0.03
0.01
Shares (000's)
Common Stock (continued)
United Kingdom – 7.10% (continued)
10 Hiscox Ltd
3 Hochschild Mining PLC
30 Home Retail Group PLC
11 HomeServe PLC
15 Howden Joinery Group PLC
107 HSBC Holdings PLC
4 Hunting PLC
19 ICAP PLC
14 IG Group Holdings PLC
2 Imagination Technologies Group PLC
3 IMI PLC
4 Imperial Tobacco Group PLC
14 Inchcape PLC
21 Informa PLC
15 Inmarsat PLC
31 Innovation Group PLC
3 InterContinental Hotels Group PLC
15 Intermediate Capital Group PLC
5 International Consolidated Airlines Group SA
12 International Personal Finance PLC
4 Interserve PLC
2 Intertek Group PLC
13 Investec PLC
7 IP Group PLC
3 ITE Group PLC
25 ITV PLC
34 J Sainsbury PLC
2 James Fisher & Sons PLC
3 Jardine Lloyd Thompson Group PLC
1 JD Sports Fashion PLC
4 JD Wetherspoon PLC
2 John Menzies PLC
10 John Wood Group PLC
2 Johnson Matthey PLC
12 Jupiter Fund Management PLC
9 KAZ Minerals PLC
10 Kcom Group PLC
3 Keller Group PLC
2 Kier Group PLC
17 Kingfisher PLC
36 Ladbrokes PLC
12 Laird PLC
6 Lamprell PLC
5 Lancashire Holdings Ltd
4 Lavendon Group PLC
33 Legal & General Group PLC
542 Lloyds Banking Group PLC
5 London Stock Exchange Group PLC
11 Lonmin PLC
8 Lookers PLC
5 Low & Bonar PLC
57 Man Group PLC
14 Marks & Spencer Group PLC
3 Marshalls PLC
22 Marston's PLC
3 Mears Group PLC
23 Meggitt PLC
32 Melrose Industries PLC
6 Michael Page International PLC
2 Micro Focus International PLC
6 Millennium & Copthorne Hotels PLC
6 Mitchells & Butlers PLC
18 Mitie Group PLC
Value
(000's)
GBP
% of Net
Asset
Value
68
3
59
37
58
680
23
78
92
3
34
106
100
99
121
10
78
70
21
56
24
50
79
14
5
53
80
18
28
5
35
6
56
50
42
21
8
24
25
52
41
37
8
29
8
82
435
110
20
10
2
81
69
6
32
12
116
82
25
28
33
23
51
0.02
–
0.02
0.01
0.02
0.25
0.01
0.03
0.03
–
0.01
0.04
0.04
0.04
0.04
–
0.03
0.03
0.01
0.02
0.01
0.02
0.03
0.01
–
0.02
0.03
0.01
0.01
–
0.01
–
0.02
0.02
0.02
0.01
–
0.01
0.01
0.02
0.01
0.01
–
0.01
–
0.03
0.16
0.04
0.01
–
–
0.03
0.03
–
0.01
–
0.04
0.03
0.01
0.01
0.01
0.01
0.02
Annual Report and Audited Financial Statements, 30 November 2014
236
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United Kingdom – 7.10% (continued)
9 Mondi PLC
10 Moneysupermarket.com Group PLC
15 Morgan Crucible Co PLC
1 Morgan Sindall Group PLC
4 N Brown Group PLC
17 National Express Group PLC
11 National Grid PLC
3 NCC Group PLC
1 Next PLC
5 Northgate PLC
2 Novae Group PLC
47 Old Mutual PLC
7 Ophir Energy PLC
1 Oxford Instruments PLC
12 Pace PLC
10 Paragon Group of Cos PLC
1 PayPoint PLC
7 Pearson PLC
15 Pendragon PLC
8 Pennon Group PLC
8 Persimmon PLC
11 Petra Diamonds Ltd
5 Petrofac Ltd
4 Phoenix Group Holdings
4 Photo-Me International PLC
4 Playtech Plc
10 Premier Farnell PLC
18 Premier Foods PLC
17 Premier Oil PLC
3 Provident Financial PLC
7 Prudential PLC
8 PZ Cussons PLC
25 QinetiQ Group PLC
16 Quintain Estates & Development PLC
1 Randgold Resources Ltd
1 Rathbone Brothers PLC
2 Reckitt Benckiser Group PLC
8 Redrow PLC
7 Reed Elsevier PLC
18 Regus PLC
1 Renishaw PLC
44 Rentokil Initial PLC
6 Restaurant Group PLC
23 Rexam PLC
1 Ricardo PLC
2 Rightmove PLC
13 Rio Tinto PLC
8 Rolls-Royce Holdings PLC
2 Rotork PLC
13 Royal Bank of Scotland Group PLC
24 Royal Dutch Shell PLC, Class A
15 Royal Dutch Shell PLC, Class B
9 RPC Group PLC
7 RPS Group PLC
25 RSA Insurance Group PLC
2 SABMiller PLC
23 Sage Group PLC
7 Salamander Energy PLC
5 Savills PLC
1 Schroders PLC
1 SDL PLC
17 Senior PLC
8 Serco Group PLC
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
98
22
43
7
15
45
99
6
78
26
10
95
10
11
44
44
8
90
4
73
125
22
45
31
6
26
17
6
31
71
107
27
50
15
33
22
79
23
80
35
26
53
42
106
6
48
396
64
36
53
518
334
53
16
119
82
94
5
32
18
4
48
15
0.04
0.01
0.02
–
0.01
0.02
0.04
–
0.03
0.01
–
0.03
–
–
0.02
0.02
–
0.03
–
0.03
0.05
0.01
0.02
0.01
–
0.01
0.01
–
0.01
0.03
0.04
0.01
0.02
0.01
0.01
0.01
0.03
0.01
0.03
0.01
0.01
0.02
0.02
0.04
–
0.02
0.15
0.02
0.01
0.02
0.19
0.12
0.02
0.01
0.04
0.03
0.03
–
0.01
0.01
–
0.02
0.01
Shares (000's)
Common Stock (continued)
United Kingdom – 7.10% (continued)
3 Severn Trent PLC
14 Shanks Group PLC
1 Shire PLC
18 SIG PLC
7 Sky PLC
5 Smith & Nephew PLC
9 Smiths Group PLC
3 Smiths News PLC
6 Soco International PLC
3 Spectris PLC
17 Speedy Hire PLC
2 Spirax-Sarco Engineering PLC
16 Spirent Communications PLC
19 Spirit Pub Co PLC
3 Sports Direct International PLC
9 SSE PLC
2 St Ives PLC
12 St James's Place PLC
6 ST Modwen Properties PLC
8 Stagecoach Group PLC
10 Standard Chartered PLC
17 Standard Life PLC
1 SThree PLC
1 SuperGroup PLC
3 Synergy Health PLC
11 Synthomer PLC
10 TalkTalk Telecom Group PLC
13 Tate & Lyle PLC
74 Taylor Wimpey PLC
1 Ted Baker PLC
7 Telecity Group PLC
43 Tesco PLC
38 Thomas Cook Group PLC
6 Travis Perkins PLC
8 Trinity Mirror PLC
6 TT electronics PLC
7 TUI Travel PLC
6 Tullett Prebon PLC
8 Tullow Oil PLC
7 UBM PLC
7 UDG Healthcare PLC
2 Ultra Electronics Holdings PLC
4 Unilever PLC
6 Unite Group PLC
6 United Utilities Group PLC
8 Vectura Group PLC
4 Vedanta Resources PLC
8 Vesuvius PLC
3 Victrex PLC
1 Vitec Group PLC
148 Vodafone Group PLC
4 Weir Group PLC
3 WH Smith PLC
2 Whitbread PLC
27 William Hill PLC
54 WM Morrison Supermarkets PLC
2 Wolseley PLC
14 WPP PLC
2 WS Atkins PLC
1 Xaar PLC
6 Xchanging PLC
Value
(000's)
GBP
% of Net
Asset
Value
65
13
42
29
68
57
106
6
17
63
12
53
11
20
21
141
4
95
22
31
96
73
4
8
52
24
30
76
100
12
55
81
46
111
11
6
30
16
34
31
26
43
102
30
54
11
26
35
51
4
345
80
32
79
90
97
77
192
29
4
11
0.02
–
0.02
0.01
0.02
0.02
0.04
–
0.01
0.02
–
0.02
–
0.01
0.01
0.05
–
0.03
0.01
0.01
0.03
0.03
–
–
0.02
0.01
0.01
0.03
0.04
–
0.02
0.03
0.02
0.04
–
–
0.01
0.01
0.01
0.01
0.01
0.02
0.04
0.01
0.02
–
0.01
0.01
0.02
–
0.13
0.03
0.01
0.03
0.03
0.04
0.03
0.07
0.01
–
–
19,330
7.10
Annual Report and Audited Financial Statements, 30 November 2014
237
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32%
1 1st Source Corp
1 3D Systems Corp
2 3M Co
1 A Schulman Inc
1 AAON Inc
2 AAR Corp
2 Aaron's Inc
6 Abbott Laboratories
5 AbbVie Inc
2 Abercrombie & Fitch Co
2 ABM Industries Inc
2 Acacia Research Corp
– Acadia Healthcare Co Inc
2 Accenture PLC
5 ACCO Brands Corp
2 ACE Ltd
1 Aceto Corp
4 ACI Worldwide Inc
1 Actavis PLC
5 Activision Blizzard Inc
1 Actua Corp
3 Actuant Corp
– Acuity Brands Inc
1 Acxiom Corp
1 Adobe Systems Inc
5 ADT Corp
1 ADTRAN Inc
1 Advance Auto Parts Inc
2 Advanced Energy Industries Inc
14 Advanced Micro Devices Inc
1 Advent Software Inc
– Advisory Board Co
3 AECOM Technology Corp
1 Aegion Corp
– Aerovironment Inc
3 AES Corp
3 Aetna Inc
– Affiliated Managers Group Inc
1 Affymetrix Inc
2 Aflac Inc
2 AGCO Corp
1 Agilent Technologies Inc
1 AGL Resources Inc
3 Air Lease Corp
2 Air Methods Corp
2 Air Products & Chemicals Inc
2 Air Transport Services Group Inc
2 Airgas Inc
4 AK Steel Holding Corp
1 Akamai Technologies Inc
1 Akorn Inc
– Alamo Group Inc
4 Alaska Air Group Inc
1 Albany International Corp
1 Albany Molecular Research Inc
2 Albemarle Corp
9 Alcoa Inc
2 Alere Inc
2 Alexander & Baldwin Inc
– Alexion Pharmaceuticals Inc
– Align Technology Inc
1 Alkermes PLC
– Alleghany Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
21
19
199
34
12
31
34
173
203
45
40
22
16
108
27
152
15
44
109
74
13
52
26
9
46
115
16
49
21
25
24
6
65
13
5
29
191
37
6
91
58
40
19
81
45
156
11
125
17
38
24
6
160
33
5
91
103
48
41
34
18
25
86
0.01
0.01
0.07
0.01
–
0.01
0.01
0.06
0.07
0.02
0.01
0.01
0.01
0.04
0.01
0.06
0.01
0.02
0.04
0.03
–
0.02
0.01
–
0.02
0.04
0.01
0.02
0.01
0.01
0.01
–
0.02
–
–
0.01
0.07
0.01
–
0.03
0.02
0.01
0.01
0.03
0.02
0.06
–
0.05
0.01
0.01
0.01
–
0.06
0.01
–
0.03
0.04
0.02
0.02
0.01
0.01
0.01
0.03
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
3 Allegheny Technologies Inc
– Allegiant Travel Co
– Allegion PLC
– Allergan Inc
1 ALLETE Inc
– Alliance Data Systems Corp
1 Alliant Energy Corp
2 Allied World Assurance Co Holdings AG
4 Allison Transmission Holdings Inc
4 Allscripts Healthcare Solutions Inc
3 Allstate Corp
– Alnylam Pharmaceuticals Inc
3 Alon USA Energy Inc
3 Alpha Natural Resources Inc
1 Altera Corp
– Altisource Portfolio Solutions SA
1 Altra Industrial Motion Corp
6 Altria Group Inc
1 Amazon.com Inc
1 Ambac Financial Group Inc
1 AMC Networks Inc
1 Amdocs Ltd
1 Amedisys Inc
1 AMERCO
1 Ameren Corp
– America's Car-Mart Inc
2 American Airlines Group Inc
2 American Axle & Manufacturing Holdings Inc
6 American Eagle Outfitters Inc
1 American Electric Power Co Inc
3 American Equity Investment Life Holding Co
4 American Express Co
2 American Financial Group Inc
9 American International Group Inc
– American National Insurance Co
– American Public Education Inc
1 American Railcar Industries Inc
– American Science & Engineering Inc
1 American States Water Co
1 American Water Works Co Inc
1 American Woodmark Corp
2 Ameriprise Financial Inc
1 Ameris Bancorp
1 Amerisafe Inc
2 AmerisourceBergen Corp
3 AMETEK Inc
3 Amgen Inc
10 Amkor Technology Inc
1 AMN Healthcare Services Inc
2 Amphenol Corp
2 Amsurg Corp
2 AmTrust Financial Services Inc
1 Anacor Pharmaceuticals Inc
7 Anadarko Petroleum Corp
2 Analog Devices Inc
– Analogic Corp
1 Andersons Inc
1 AngioDynamics Inc
1 Anika Therapeutics Inc
1 Anixter International Inc
2 ANN Inc
– ANSYS Inc
2 AO Smith Corp
Value
(000's)
GBP
% of Net
Asset
Value
60
36
3
41
29
73
32
54
77
30
149
15
28
4
35
10
26
189
194
22
25
32
16
114
31
10
55
31
56
50
58
249
95
311
36
8
30
3
23
35
13
171
18
21
93
87
318
43
15
62
60
65
22
355
86
23
28
11
16
44
48
20
52
0.02
0.01
–
0.02
0.01
0.03
0.01
0.02
0.03
0.01
0.05
0.01
0.01
–
0.01
–
0.01
0.07
0.07
0.01
0.01
0.01
0.01
0.04
0.01
–
0.02
0.01
0.02
0.02
0.02
0.09
0.04
0.11
0.01
–
0.01
–
0.01
0.01
–
0.06
0.01
0.01
0.03
0.03
0.12
0.02
0.01
0.02
0.02
0.02
0.01
0.13
0.03
0.01
0.01
–
0.01
0.02
0.02
0.01
0.02
Annual Report and Audited Financial Statements, 30 November 2014
238
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 AOL Inc
2 Aon PLC
5 Apache Corp
1 Apogee Enterprises Inc
4 Apollo Education Group Inc
29 Apple Inc
1 Applied Industrial Technologies Inc
5 Applied Materials Inc
1 Approach Resources Inc
2 AptarGroup Inc
3 Aqua America Inc
2 ARC Document Solutions Inc
1 ArcBest Corp
2 Arch Capital Group Ltd
2 Arch Coal Inc
4 Archer-Daniels-Midland Co
1 Argan Inc
1 Argo Group International Holdings Ltd
2 Armstrong World Industries Inc
5 ARRIS Group Inc
3 Arrow Electronics Inc
1 Arrow Financial Corp
1 Arthur J Gallagher & Co
– Artisan Partners Asset Management Inc
1 Asbury Automotive Group Inc
5 Ascena Retail Group Inc
1 Ascent Capital Group Inc
– Ashford Inc
2 Ashland Inc
2 Aspen Insurance Holdings Ltd
1 Aspen Technology Inc
5 Associated Banc-Corp
2 Assurant Inc
5 Assured Guaranty Ltd
1 Astec Industries Inc
4 Astoria Financial Corp
– Astronics Corp
– Astronics Corp, Class B
87 AT&T Inc
– athenahealth Inc
– Atlantic Tele-Network Inc
1 Atlas Air Worldwide Holdings Inc
4 Atmel Corp
1 Atmos Energy Corp
– Atrion Corp
1 Atwood Oceanics Inc
1 Autodesk Inc
1 Autoliv Inc
2 Automatic Data Processing Inc
4 AutoNation Inc
– AutoZone Inc
1 Avago Technologies Ltd
3 Avery Dennison Corp
1 AVG Technologies NV
4 Avis Budget Group Inc
2 Avista Corp
4 Avnet Inc
2 Avon Products Inc
4 AVX Corp
1 Axiall Corp
3 Axis Capital Holdings Ltd
1 AZZ Inc
2 B&G Foods Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
55
90
193
26
77
2,234
37
74
6
77
45
12
25
89
4
139
16
18
65
90
110
10
45
7
60
43
21
2
121
45
23
63
82
80
23
34
9
2
1,960
23
16
26
20
50
21
27
24
69
86
136
62
40
110
14
142
37
104
13
37
40
94
27
41
0.02
0.03
0.07
0.01
0.03
0.82
0.01
0.03
–
0.03
0.02
–
0.01
0.03
–
0.05
0.01
0.01
0.02
0.03
0.04
–
0.02
–
0.02
0.02
0.01
–
0.04
0.02
0.01
0.02
0.03
0.03
0.01
0.01
–
–
0.72
0.01
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.03
0.03
0.05
0.02
0.01
0.04
0.01
0.05
0.01
0.04
–
0.01
0.01
0.03
0.01
0.02
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 B/E Aerospace Inc
4 Babcock & Wilcox Co
– Badger Meter Inc
3 Baker Hughes Inc
1 Balchem Corp
1 Ball Corp
1 BancFirst Corp
4 BancorpSouth Inc
62 Bank of America Corp
2 Bank of Hawaii Corp
7 Bank of New York Mellon Corp
2 Bank of the Ozarks Inc
2 Bankrate Inc
3 BankUnited Inc
1 Banner Corp
2 Barnes & Noble Inc
2 Barnes Group Inc
2 Basic Energy Services Inc
1 Baxter International Inc
3 BB&T Corp
3 BBCN Bancorp Inc
1 Beacon Roofing Supply Inc
1 Becton Dickinson and Co
2 Bed Bath & Beyond Inc
1 Belden Inc
3 Belmond Ltd
3 Bemis Co Inc
1 Benchmark Electronics Inc
2 Beneficial Mutual Bancorp Inc
5 Berkshire Hathaway Inc
1 Berkshire Hills Bancorp Inc
2 Berry Plastics Group Inc
7 Best Buy Co Inc
9 BGC Partners Inc
2 Big Lots Inc
– Biglari Holdings Inc
2 Bill Barrett Corp
1 Bio-Rad Laboratories Inc
1 Bio-Reference Laboratories Inc
– Bio-Techne Corp
1 Biogen Idec Inc
– BioMarin Pharmaceutical Inc
2 BioScrip Inc
1 BJ's Restaurants Inc
– Black Box Corp
1 Black Hills Corp
1 Blackbaud Inc
1 Blackhawk Network Holdings Inc
1 BlackRock Inc
– Bloomin' Brands Inc
3 Blount International Inc
1 Blucora Inc
1 Bob Evans Farms Inc
2 Boeing Co
1 BofI Holding Inc
2 Boise Cascade Co
2 BOK Financial Corp
2 Bonanza Creek Energy Inc
2 Booz Allen Hamilton Holding Corp
4 BorgWarner Inc
– Boston Beer Co Inc
3 Boston Private Financial Holdings Inc
14 Boston Scientific Corp
Value
(000's)
GBP
% of Net
Asset
Value
58
77
14
122
35
38
25
62
674
58
187
46
16
50
21
33
50
13
60
62
27
10
66
98
31
21
79
9
18
483
12
35
171
49
64
10
13
46
22
20
118
22
8
22
3
33
26
32
207
3
29
5
24
200
25
39
62
36
29
139
25
27
115
0.02
0.03
0.01
0.04
0.01
0.01
0.01
0.02
0.25
0.02
0.07
0.02
0.01
0.02
0.01
0.01
0.02
0.01
0.02
0.02
0.01
–
0.02
0.04
0.01
0.01
0.03
–
0.01
0.18
–
0.01
0.06
0.02
0.02
–
–
0.02
0.01
0.01
0.04
0.01
–
0.01
–
0.01
0.01
0.01
0.08
–
0.01
–
0.01
0.07
0.01
0.01
0.02
0.01
0.01
0.05
0.01
0.01
0.04
Annual Report and Audited Financial Statements, 30 November 2014
239
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Boulder Brands Inc
1 Boyd Gaming Corp
2 Brady Corp
1 Bridgepoint Education Inc
3 Briggs & Stratton Corp
2 Bright Horizons Family Solutions Inc
1 Brink's Co
1 Brinker International Inc
3 Bristol-Myers Squibb Co
1 Bristow Group Inc
3 Broadcom Corp
2 Broadridge Financial Solutions Inc
10 Brocade Communications Systems Inc
1 Brookdale Senior Living Inc
3 Brookline Bancorp Inc
3 Brooks Automation Inc
4 Brown & Brown Inc
2 Brown Shoe Co Inc
– Brown-Forman Corp, Class A
– Brown-Forman Corp, Class B
2 Bruker Corp
2 Brunswick Corp
– Bryn Mawr Bank Corp
1 Buckle Inc
1 Buffalo Wild Wings Inc
1 Bunge Ltd
2 Burger King Worldwide Inc
2 C&J Energy Services Inc
8 CA Inc
2 Cabela's Inc
3 Cablevision Systems Corp
1 Cabot Corp
1 Cabot Microelectronics Corp
5 Cabot Oil & Gas Corp
1 CACI International Inc
3 Cadence Design Systems Inc
1 Caesars Entertainment Corp
– CAI International Inc
1 Cal-Maine Foods Inc
– Calavo Growers Inc
2 Calgon Carbon Corp
1 California Water Service Group
2 Calix Inc
2 Callaway Golf Co
1 Callon Petroleum Co
8 Calpine Corp
1 Cambrex Corp
3 Cameron International Corp
2 Campbell Soup Co
1 Cantel Medical Corp
1 Capella Education Co
4 Capital One Financial Corp
– Capital Senior Living Corp
6 Capitol Federal Financial Inc
1 CARBO Ceramics Inc
1 Cardinal Financial Corp
1 Cardinal Health Inc
1 Cardtronics Inc
4 CareFusion Corp
2 Carlisle Cos Inc
2 CarMax Inc
1 Carmike Cinemas Inc
3 Carnival Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
10
7
28
5
33
43
15
30
98
55
87
45
72
28
16
21
79
34
3
23
22
75
4
36
83
79
41
19
166
53
36
38
30
96
57
41
13
4
32
11
21
16
15
11
2
117
11
85
52
21
32
196
5
46
15
11
72
30
164
101
83
11
71
–
–
0.01
–
0.01
0.02
0.01
0.01
0.04
0.02
0.03
0.02
0.03
0.01
0.01
0.01
0.03
0.01
–
0.01
0.01
0.03
–
0.01
0.03
0.03
0.02
0.01
0.06
0.02
0.01
0.01
0.01
0.04
0.02
0.02
–
–
0.01
–
0.01
0.01
0.01
–
–
0.04
–
0.03
0.02
0.01
0.01
0.07
–
0.02
0.01
–
0.03
0.01
0.06
0.04
0.03
–
0.03
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Carpenter Technology Corp
2 Carrizo Oil & Gas Inc
1 Carter's Inc
1 Casey's General Stores Inc
1 Cash America International Inc
– Cass Information Systems Inc
8 Caterpillar Inc
3 Cathay General Bancorp
1 Cato Corp
– Cavco Industries Inc
1 CBIZ Inc
1 CBOE Holdings Inc
3 CBRE Group Inc
– CBS Corp, Class A
5 CBS Corp, Class B
1 CDK Global Inc
2 CDW Corp
– Celadon Group Inc
4 Celanese Corp
2 Celgene Corp
1 Centene Corp
2 CenterPoint Energy Inc
2 Centerstate Banks Inc
1 Central Pacific Financial Corp
3 Century Aluminum Co
6 CenturyLink Inc
1 Cepheid
1 Cerner Corp
1 CF Industries Holdings Inc
1 CH Robinson Worldwide Inc
2 Charles River Laboratories International Inc
3 Charles Schwab Corp
1 Chart Industries Inc
1 Charter Communications Inc
1 Checkpoint Systems Inc
2 Cheesecake Factory Inc
1 Chemed Corp
1 Chemical Financial Corp
3 Chemtura Corp
1 Cheniere Energy Inc
14 Chesapeake Energy Corp
– Chesapeake Utilities Corp
16 Chevron Corp
1 Chicago Bridge & Iron Co NV
6 Chico's FAS Inc
1 Children's Place Inc
– Chipotle Mexican Grill Inc
1 Chiquita Brands International Inc
1 Choice Hotels International Inc
1 Chubb Corp
1 Church & Dwight Co Inc
1 Churchill Downs Inc
2 Ciena Corp
3 Cigna Corp
2 Cimarex Energy Co
1 Cimpress NV
4 Cincinnati Bell Inc
3 Cincinnati Financial Corp
4 Cinemark Holdings Inc
2 Cintas Corp
1 CIRCOR International Inc
3 Cirrus Logic Inc
32 Cisco Systems Inc
Value
(000's)
GBP
% of Net
Asset
Value
32
49
37
76
15
7
483
50
18
12
5
46
61
10
179
13
35
4
136
166
83
35
13
16
57
145
18
21
205
44
68
57
13
126
10
66
49
26
48
47
187
7
1,127
29
56
39
106
6
35
88
53
40
20
181
139
21
10
104
83
82
26
30
566
0.01
0.02
0.01
0.03
0.01
–
0.18
0.02
0.01
–
–
0.02
0.02
–
0.07
–
0.01
–
0.05
0.06
0.03
0.01
–
0.01
0.02
0.05
0.01
0.01
0.08
0.02
0.03
0.02
0.01
0.05
–
0.02
0.02
0.01
0.02
0.02
0.07
–
0.41
0.01
0.02
0.01
0.04
–
0.01
0.03
0.02
0.01
0.01
0.07
0.05
0.01
–
0.04
0.03
0.03
0.01
0.01
0.21
Annual Report and Audited Financial Statements, 30 November 2014
240
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
3 CIT Group Inc
17 Citigroup Inc
1 Citrix Systems Inc
– City Holding Co
1 City National Corp
2 Civeo Corp
1 CLARCOR Inc
– Clayton Williams Energy Inc
3 Clean Energy Fuels Corp
2 Clean Harbors Inc
1 Clearwater Paper Corp
1 Cleco Corp
2 Cliffs Natural Resources Inc
1 Clorox Co
1 Cloud Peak Energy Inc
2 ClubCorp Holdings Inc
2 CME Group Inc
1 CMS Energy Corp
2 CNA Financial Corp
3 CNO Financial Group Inc
1 Coach Inc
1 Cobalt International Energy Inc
1 CoBiz Financial Inc
– Coca-Cola Bottling Co Consolidated
12 Coca-Cola Co
2 Coca-Cola Enterprises Inc
1 Coeur Mining Inc
1 Cogent Communications Holdings Inc
– Cognex Corp
2 Cognizant Technology Solutions Corp
1 Cohen & Steers Inc
1 Coherent Inc
1 Colfax Corp
3 Colgate-Palmolive Co
2 Columbia Banking System Inc
1 Columbia Sportswear Co
– Columbus McKinnon Corp
26 Comcast Corp
4 Comcast Corp (non-voting)
4 Comerica Inc
1 Comfort Systems USA Inc
2 Commerce Bancshares Inc
4 Commercial Metals Co
2 Community Bank System Inc
4 Community Health Systems Inc
1 Community Trust Bancorp Inc
1 CommVault Systems Inc
1 Compass Minerals International Inc
– Computer Programs & Systems Inc
3 Computer Sciences Corp
6 Compuware Corp
1 Comstock Resources Inc
– Comtech Telecommunications Corp
2 Con-way Inc
5 ConAgra Foods Inc
2 Concho Resources Inc
– Concur Technologies Inc
– CONMED Corp
1 Conn's Inc
17 ConocoPhillips
2 CONSOL Energy Inc
2 Consolidated Communications Holdings Inc
2 Consolidated Edison Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
81
603
47
12
69
13
56
15
10
50
34
32
13
52
11
25
113
26
57
30
12
7
8
15
347
67
3
27
5
55
36
23
27
125
38
29
3
941
154
110
10
68
40
38
112
12
15
49
11
136
37
7
12
62
126
134
8
11
21
733
55
34
64
0.03
0.22
0.02
–
0.03
0.01
0.02
0.01
–
0.02
0.01
0.01
0.01
0.02
–
0.01
0.04
0.01
0.02
0.01
–
–
–
0.01
0.13
0.02
–
0.01
–
0.02
0.01
0.01
0.01
0.05
0.01
0.01
–
0.35
0.06
0.04
–
0.03
0.02
0.01
0.04
–
0.01
0.02
–
0.05
0.01
–
–
0.02
0.05
0.05
–
–
0.01
0.27
0.02
0.01
0.02
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
– Constant Contact Inc
2 Constellation Brands Inc
1 Contango Oil & Gas Co
2 Continental Resources Inc
3 Convergys Corp
2 Conversant Inc
– Cooper Cos Inc
3 Cooper Tire & Rubber Co
1 Cooper-Standard Holding Inc
1 Copa Holdings SA
3 Copart Inc
– Core Laboratories NV
1 Core-Mark Holding Co Inc
2 CoreLogic Inc
9 Corning Inc
1 Corporate Executive Board Co
– Corvel Corp
1 CoStar Group Inc
1 Costco Wholesale Corp
1 Covance Inc
5 Covanta Holding Corp
1 Covidien PLC
1 Covisint Corp
1 Cowen Group Inc
– CR Bard Inc
1 Cracker Barrel Old Country Store Inc
1 Crane Co
1 Cray Inc
1 Credit Acceptance Corp
1 Cree Inc
3 Crocs Inc
1 Crown Holdings Inc
13 Crown Media Holdings Inc
2 CSG Systems International Inc
3 CST Brands Inc
13 CSX Corp
1 CTS Corp
1 Cubic Corp
2 Cubist Pharmaceuticals Inc
2 Cullen/Frost Bankers Inc
1 Cummins Inc
2 Cumulus Media Inc
1 Curtiss-Wright Corp
– Customers Bancorp Inc
3 CVB Financial Corp
3 CVR Energy Inc
8 CVS Health Corp
1 Cyberonics Inc
1 Cynosure Inc
1 Cypress Semiconductor Corp
2 Cytec Industries Inc
1 Daktronics Inc
4 Dana Holding Corp
3 Danaher Corp
3 Darden Restaurants Inc
3 Darling Ingredients Inc
4 DaVita HealthCare Partners Inc
2 Dealertrack Technologies Inc
4 Dean Foods Co
1 Deckers Outdoor Corp
5 Deere & Co
– Del Frisco's Restaurant Group Inc
2 Delek US Holdings Inc
Value
(000's)
GBP
% of Net
Asset
Value
8
151
15
47
36
41
37
59
24
61
59
13
27
47
124
33
7
63
112
70
76
77
1
4
50
66
56
11
77
20
26
24
27
27
90
304
5
40
85
73
107
6
62
3
33
94
439
24
14
9
50
10
61
156
94
38
204
54
40
32
251
4
40
–
0.06
0.01
0.02
0.01
0.02
0.01
0.02
0.01
0.02
0.02
–
0.01
0.02
0.05
0.01
–
0.02
0.04
0.03
0.03
0.03
–
–
0.02
0.02
0.02
–
0.03
0.01
0.01
0.01
0.01
0.01
0.03
0.11
–
0.01
0.03
0.03
0.04
–
0.02
–
0.01
0.03
0.16
0.01
0.01
–
0.02
–
0.02
0.06
0.03
0.01
0.08
0.02
0.02
0.01
0.09
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
241
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 Delphi Automotive PLC
10 Delta Air Lines Inc
– Deltic Timber Corp
2 Deluxe Corp
– Demand Media Inc
9 Denbury Resources Inc
2 DENTSPLY International Inc
1 Depomed Inc
3 Devon Energy Corp
2 DeVry Education Group Inc
– DexCom Inc
3 DHT Holdings Inc
1 Diamond Foods Inc
3 Diamond Offshore Drilling Inc
1 Diamondback Energy Inc
3 Dice Holdings Inc
2 Dick's Sporting Goods Inc
– Diebold Inc
2 Digital River Inc
3 DigitalGlobe Inc
1 Dillard's Inc
2 Dime Community Bancshares Inc
1 DineEquity Inc
2 Diodes Inc
1 DIRECTV
5 Discover Financial Services
– Discovery Communications Inc, Class A
1 Discovery Communications Inc, Class C
– DISH Network Corp
1 Dolby Laboratories Inc
4 Dollar General Corp
1 Dollar Tree Inc
2 Dominion Resources Inc
1 Domino's Pizza Inc
2 Domtar Corp
2 Donaldson Co Inc
1 Dorman Products Inc
1 Douglas Dynamics Inc
3 Dover Corp
12 Dow Chemical Co
6 DR Horton Inc
2 Dr Pepper Snapple Group Inc
1 DreamWorks Animation SKG Inc
1 Dresser-Rand Group Inc
1 Drew Industries Inc
1 Dril-Quip Inc
1 DST Systems Inc
2 DSW Inc
1 DTE Energy Co
– DTS Inc
2 Duke Energy Corp
– Dun & Bradstreet Corp
1 Dunkin' Brands Group Inc
– DXP Enterprises Inc
1 Dycom Industries Inc
3 Dynegy Inc
6 E*TRADE Financial Corp
1 Eagle Materials Inc
5 EarthLink Holdings Corp
4 East West Bancorp Inc
4 Eastman Chemical Co
1 Eastman Kodak Co
3 Eaton Corp PLC
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
88
295
14
66
2
50
56
15
120
76
16
12
13
61
51
18
76
7
26
46
106
17
52
42
73
202
5
23
20
31
189
57
75
52
49
46
33
7
161
380
105
94
14
56
27
41
93
55
53
4
97
40
40
4
27
54
85
33
15
88
189
20
124
0.03
0.11
0.01
0.02
–
0.02
0.02
0.01
0.04
0.03
0.01
–
0.01
0.02
0.02
0.01
0.03
–
0.01
0.02
0.04
0.01
0.02
0.02
0.03
0.07
–
0.01
0.01
0.01
0.07
0.02
0.03
0.02
0.02
0.02
0.01
–
0.06
0.14
0.04
0.03
0.01
0.02
0.01
0.02
0.03
0.02
0.02
–
0.04
0.01
0.01
–
0.01
0.02
0.03
0.01
0.01
0.03
0.07
0.01
0.05
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 Eaton Vance Corp
3 eBay Inc
1 Ebix Inc
– Echo Global Logistics Inc
1 EchoStar Corp
1 Ecolab Inc
1 Edison International
– Edwards Lifesciences Corp
3 EI du Pont de Nemours & Co
1 El Paso Electric Co
2 Electronic Arts Inc
1 Electronics For Imaging Inc
3 Eli Lilly & Co
– Elizabeth Arden Inc
12 EMC Corp
– EMC Insurance Group Inc
2 EMCOR Group Inc
1 Emerald Oil Inc
1 Emergent Biosolutions Inc
3 Emerson Electric Co
1 Empire District Electric Co
1 Employers Holdings Inc
1 Emulex Corp
1 Encore Capital Group Inc
– Encore Wire Corp
1 Endo International PLC
1 Endurance Specialty Holdings Ltd
1 Energen Corp
1 Energizer Holdings Inc
2 Energy XXI Ltd
– EnerNOC Inc
1 EnerSys
1 Engility Holdings Inc
4 EnLink Midstream LLC
– Ennis Inc
1 Enova International Inc
1 EnPro Industries Inc
1 Ensign Group Inc
– Enstar Group Ltd
3 Entegris Inc
1 Entergy Corp
1 Enterprise Financial Services Corp
3 Entravision Communications Corp
1 Envision Healthcare Holdings Inc
7 EOG Resources Inc
1 EPAM Systems Inc
1 Epiq Systems Inc
– ePlus Inc
1 EQT Corp
1 Equifax Inc
– Equinix Inc
– Era Group Inc
1 Erie Indemnity Co
1 ESCO Technologies Inc
1 Estee Lauder Cos Inc
1 Esterline Technologies Corp
1 Ethan Allen Interiors Inc
1 Euronet Worldwide Inc
4 EverBank Financial Corp
1 Evercore Partners Inc
1 Everest Re Group Ltd
1 EW Scripps Co
1 ExamWorks Group Inc
Value
(000's)
GBP
% of Net
Asset
Value
43
116
14
7
36
88
45
35
133
34
43
43
143
2
242
4
57
1
20
134
14
12
5
20
7
45
55
34
50
6
4
49
19
93
2
13
31
30
19
27
57
6
13
20
385
16
12
4
47
53
41
4
55
23
24
55
15
48
45
26
107
8
23
0.02
0.04
0.01
–
0.01
0.03
0.02
0.01
0.05
0.01
0.02
0.02
0.05
–
0.09
–
0.02
–
0.01
0.05
0.01
–
–
0.01
–
0.02
0.02
0.01
0.02
–
–
0.02
0.01
0.03
–
–
0.01
0.01
0.01
0.01
0.02
–
0.01
0.01
0.14
0.01
–
–
0.02
0.02
0.02
–
0.02
0.01
0.01
0.02
0.01
0.02
0.02
0.01
0.04
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
242
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Exar Corp
12 EXCO Resources Inc
6 Exelis Inc
2 Exelon Corp
1 ExlService Holdings Inc
1 Expedia Inc
2 Expeditors International of Washington Inc
– Exponent Inc
5 Express Scripts Holding Co
2 Exterran Holdings Inc
1 Extreme Networks Inc
54 Exxon Mobil Corp
2 Ezcorp Inc
– F5 Networks Inc
1 Fabrinet
3 Facebook Inc
1 FactSet Research Systems Inc
1 Fair Isaac Corp
5 Fairchild Semiconductor International Inc
– Family Dollar Stores Inc
– Farmer Bros Co
1 FARO Technologies Inc
2 Fastenal Co
1 FBL Financial Group Inc
2 Federal Signal Corp
4 Federal-Mogul Holdings Corp
2 Federated Investors Inc
1 Federated National Holding Co
3 FedEx Corp
– FEI Co
3 Ferro Corp
3 Fidelity National Information Services Inc
– Fiesta Restaurant Group Inc
16 Fifth Third Bancorp
1 Finisar Corp
2 Finish Line Inc
3 First American Financial Corp
8 First BanCorp/Puerto Rico
3 First Busey Corp
1 First Cash Financial Services Inc
– First Citizens BancShares Inc
4 First Commonwealth Financial Corp
2 First Financial Bancorp
2 First Financial Bankshares Inc
– First Financial Corp
7 First Horizon National Corp
1 First Interstate BancSystem Inc
1 First Merchants Corp
3 First Midwest Bancorp Inc
1 First NBC Bank Holding Co
9 First Niagara Financial Group Inc
1 First Republic Bank
2 First Solar Inc
2 FirstEnergy Corp
4 FirstMerit Corp
2 Fiserv Inc
1 Five Below Inc
1 Flagstar Bancorp Inc
1 FleetCor Technologies Inc
3 FLIR Systems Inc
1 Flotek Industries Inc
6 Flowers Foods Inc
1 Flowserve Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
3
23
65
53
21
51
45
15
283
43
3
3,119
17
34
9
150
48
53
54
15
5
18
63
26
21
40
43
11
335
22
28
132
11
203
13
31
60
26
12
33
49
21
27
33
8
58
16
19
36
14
46
36
67
48
47
92
33
7
51
59
14
79
41
–
0.01
0.02
0.02
0.01
0.02
0.02
0.01
0.10
0.02
–
1.15
0.01
0.01
–
0.06
0.02
0.02
0.02
0.01
–
0.01
0.02
0.01
0.01
0.02
0.02
–
0.12
0.01
0.01
0.05
–
0.07
–
0.01
0.02
0.01
–
0.01
0.02
0.01
0.01
0.01
–
0.02
0.01
0.01
0.01
0.01
0.02
0.01
0.02
0.02
0.02
0.03
0.01
–
0.02
0.02
0.01
0.03
0.02
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
3 Fluor Corp
1 Flushing Financial Corp
1 FMC Corp
2 FMC Technologies Inc
7 FNB Corp
4 FNF Group
1 FNFV Group
3 Foot Locker Inc
43 Ford Motor Co
4 Forest City Enterprises Inc
1 Forestar Group Inc
1 FormFactor Inc
1 Fortinet Inc
1 Fortune Brands Home & Security Inc
2 Forum Energy Technologies Inc
1 Forward Air Corp
1 Fossil Group Inc
1 Franklin Electric Co Inc
4 Franklin Resources Inc
2 Fred's Inc
17 Freeport-McMoRan Inc
3 Freescale Semiconductor Ltd
2 Fresh Del Monte Produce Inc
1 Fresh Market Inc
28 Frontier Communications Corp
1 FTD Cos Inc
2 FTI Consulting Inc
8 Fulton Financial Corp
1 Furmanite Corp
1 FutureFuel Corp
2 FXCM Inc
1 G&K Services Inc
1 G-III Apparel Group Ltd
– GAMCO Investors Inc
4 GameStop Corp
5 Gannett Co Inc
3 Gap Inc
2 Garmin Ltd
1 Gartner Inc
2 GasLog Ltd
3 Gastar Exploration Inc
2 GATX Corp
1 Generac Holdings Inc
1 General Cable Corp
1 General Communication Inc
3 General Dynamics Corp
59 General Electric Co
2 General Mills Inc
17 General Motors Co
1 Genesco Inc
1 Genesee & Wyoming Inc
5 Genpact Ltd
5 Gentex Corp
1 Gentherm Inc
– Gentiva Health Services Inc
1 Genuine Parts Co
10 Genworth Financial Inc
1 German American Bancorp Inc
2 GFI Group Inc
1 Gibraltar Industries Inc
4 Gilead Sciences Inc
2 Glacier Bancorp Inc
1 Global Cash Access Holdings Inc
Value
(000's)
GBP
% of Net
Asset
Value
114
12
18
46
57
79
9
105
432
56
15
4
11
33
33
25
50
35
143
17
286
44
33
28
126
16
49
62
2
4
19
37
37
17
91
98
80
71
34
20
5
69
14
12
8
251
1,002
84
362
42
91
61
107
28
5
87
60
9
5
5
281
36
4
0.04
–
0.01
0.02
0.02
0.03
–
0.04
0.16
0.02
0.01
–
–
0.01
0.01
0.01
0.02
0.01
0.05
0.01
0.11
0.02
0.01
0.01
0.05
0.01
0.02
0.02
–
–
0.01
0.01
0.01
0.01
0.03
0.04
0.03
0.03
0.01
0.01
–
0.03
0.01
–
–
0.09
0.37
0.03
0.13
0.02
0.03
0.02
0.04
0.01
–
0.03
0.02
–
–
–
0.10
0.01
–
Annual Report and Audited Financial Statements, 30 November 2014
243
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 Global Payments Inc
2 Globe Specialty Metals Inc
2 Globus Medical Inc
2 GNC Holdings Inc
3 Gold Resource Corp
3 Goldman Sachs Group Inc
1 Goodrich Petroleum Corp
3 Goodyear Tire & Rubber Co
1 Google Inc, Class A
1 Google Inc, Class C
1 Gorman-Rupp Co
1 GP Strategies Corp
1 Graco Inc
4 GrafTech International Ltd
– Graham Holdings Co
2 Grand Canyon Education Inc
2 Granite Construction Inc
13 Graphic Packaging Holding Co
2 Gray Television Inc
1 Great Lakes Dredge & Dock Corp
2 Great Plains Energy Inc
– Great Southern Bancorp Inc
1 Greatbatch Inc
1 Green Dot Corp
2 Green Plains Inc
1 Greenbrier Cos Inc
1 Greenlight Capital Re Ltd
1 Greif Inc, Class A
– Greif Inc, Class B
1 Griffon Corp
1 Group 1 Automotive Inc
3 Groupon Inc
– GSI Group Inc
2 Guess? Inc
– Guidewire Software Inc
2 Gulf Coast Ultra Deep Royalty Trust
1 Gulfmark Offshore Inc
2 Gulfport Energy Corp
1 H&E Equipment Services Inc
2 H&R Block Inc
1 Haemonetics Corp
1 Hain Celestial Group Inc
18 Halcon Resources Corp
8 Halliburton Co
– Halyard Health Inc
3 Hancock Holding Co
1 Hanesbrands Inc
– Hanger Inc
1 Hanmi Financial Corp
2 Hanover Insurance Group Inc
2 Harley-Davidson Inc
1 Harman International Industries Inc
3 Harmonic Inc
1 Harris Corp
3 Harsco Corp
1 Harte-Hanks Inc
4 Hartford Financial Services Group Inc
1 Hasbro Inc
– Haverty Furniture Cos Inc
3 Hawaiian Electric Industries Inc
2 Hawaiian Holdings Inc
– Haynes International Inc
2 HB Fuller Co
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
90
21
27
56
8
316
5
48
199
231
12
10
42
11
83
53
46
101
14
4
34
11
37
14
37
35
20
14
12
6
63
15
1
29
7
2
16
50
18
42
31
76
26
218
3
62
50
5
19
73
95
64
14
53
37
3
108
30
3
46
31
12
44
0.03
0.01
0.01
0.02
–
0.12
–
0.02
0.07
0.09
–
–
0.02
–
0.03
0.02
0.02
0.04
0.01
–
0.01
–
0.01
0.01
0.01
0.01
0.01
0.01
–
–
0.02
0.01
–
0.01
–
–
0.01
0.02
0.01
0.02
0.01
0.03
0.01
0.08
–
0.02
0.02
–
0.01
0.03
0.03
0.02
0.01
0.02
0.01
–
0.04
0.01
–
0.02
0.01
–
0.02
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 HCA Holdings Inc
2 HCC Insurance Holdings Inc
1 HCI Group Inc
3 HD Supply Holdings Inc
2 Headwaters Inc
2 Health Net Inc
1 Healthcare Services Group Inc
1 HealthSouth Corp
1 Healthways Inc
3 Heartland Express Inc
1 Heartland Financial USA Inc
1 Heartland Payment Systems Inc
14 Hecla Mining Co
1 HEICO Corp
1 HEICO Corp, Class A
1 Helen of Troy Ltd
4 Helix Energy Solutions Group Inc
3 Helmerich & Payne Inc
1 Henry Schein Inc
1 Herbalife Ltd
2 Hercules Offshore Inc
– Heritage Financial Corp
1 Herman Miller Inc
– Hershey Co
5 Hertz Global Holdings Inc
2 Hess Corp
23 Hewlett-Packard Co
2 Hexcel Corp
1 HFF Inc
– Hibbett Sports Inc
2 Hill-Rom Holdings Inc
2 Hillenbrand Inc
4 Hilltop Holdings Inc
3 HMS Holdings Corp
2 HNI Corp
4 HollyFrontier Corp
5 Hologic Inc
1 Home BancShares Inc
4 Home Depot Inc
1 HomeAway Inc
3 Honeywell International Inc
2 Horace Mann Educators Corp
1 Hormel Foods Corp
1 Hornbeck Offshore Services Inc
2 Horsehead Holding Corp
1 Hospira Inc
5 Hovnanian Enterprises Inc
1 Howard Hughes Corp
1 HSN Inc
1 Hub Group Inc
– Hubbell Inc
9 Hudson City Bancorp Inc
1 Humana Inc
16 Huntington Bancshares Inc
2 Huntington Ingalls Industries Inc
6 Huntsman Corp
1 Huron Consulting Group Inc
– Hyatt Hotels Corp
– Hyster-Yale Materials Handling Inc
2 IAC/InterActiveCorp
1 Iberiabank Corp
1 ICF International Inc
1 Iconix Brand Group Inc
Value
(000's)
GBP
% of Net
Asset
Value
53
80
18
55
18
68
10
28
12
59
8
35
21
27
26
29
57
114
64
32
2
1
19
28
69
89
583
54
24
13
53
48
47
35
45
96
91
28
244
19
178
38
48
24
21
56
13
78
31
30
27
55
101
102
113
101
31
11
22
83
60
22
39
0.02
0.03
0.01
0.02
0.01
0.03
–
0.01
–
0.02
–
0.01
0.01
0.01
0.01
0.01
0.02
0.04
0.02
0.01
–
–
0.01
0.01
0.03
0.03
0.21
0.02
0.01
–
0.02
0.02
0.02
0.01
0.02
0.04
0.03
0.01
0.09
0.01
0.07
0.01
0.02
0.01
0.01
0.02
–
0.03
0.01
0.01
0.01
0.02
0.04
0.04
0.04
0.04
0.01
–
0.01
0.03
0.02
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
244
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 ICU Medical Inc
1 IDACORP Inc
2 IDEX Corp
– IDEXX Laboratories Inc
1 IDT Corp
1 iGATE Corp
– IHS Inc
2 II-VI Inc
2 Illinois Tool Works Inc
– Illumina Inc
2 Impax Laboratories Inc
1 Incyte Corp
1 Independent Bank Corp
– Independent Bank Group Inc
1 Infinera Corp
3 Informatica Corp
3 Ingersoll-Rand PLC
1 Ingles Markets Inc
4 Ingram Micro Inc
2 Ingredion Inc
2 InnerWorkings Inc
1 Innophos Holdings Inc
1 Innospec Inc
2 Insight Enterprises Inc
1 Insperity Inc
1 Insys Therapeutics Inc
1 Integra LifeSciences Holdings Corp
3 Integrated Device Technology Inc
– Integrated Silicon Solution Inc
1 Integrys Energy Group Inc
52 Intel Corp
1 Inteliquent Inc
2 Intelsat SA
1 Inter Parfums Inc
2 Interactive Brokers Group Inc
– Intercept Pharmaceuticals Inc
1 Intercontinental Exchange Inc
2 InterDigital Inc
1 Interface Inc
2 International Bancshares Corp
3 International Business Machines Corp
– International Flavors & Fragrances Inc
– International Game Technology
6 International Paper Co
2 International Rectifier Corp
1 International Speedway Corp
4 Interpublic Group of Cos Inc
5 Intersil Corp
1 Intralinks Holdings Inc
3 Intrepid Potash Inc
1 Intuit Inc
– Intuitive Surgical Inc
1 Invacare Corp
3 Invesco Ltd
1 Investment Technology Group Inc
8 Investors Bancorp Inc
6 ION Geophysical Corp
1 IPC The Hospitalist Co Inc
1 IPG Photonics Corp
4 Iridium Communications Inc
1 iRobot Corp
1 Isis Pharmaceuticals Inc
1 Isle of Capri Casinos Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
32
46
75
46
12
26
29
18
97
29
34
37
33
11
8
64
127
12
75
104
8
27
17
30
24
17
26
41
4
27
1,228
16
24
12
38
18
93
57
13
40
312
28
4
197
46
17
47
39
6
26
50
45
13
85
19
53
9
14
26
25
19
20
5
0.01
0.02
0.03
0.02
–
0.01
0.01
0.01
0.04
0.01
0.01
0.01
0.01
–
–
0.02
0.05
–
0.03
0.04
–
0.01
0.01
0.01
0.01
0.01
0.01
0.02
–
0.01
0.45
0.01
0.01
–
0.01
0.01
0.03
0.02
0.01
0.02
0.11
0.01
–
0.07
0.02
0.01
0.02
0.01
–
0.01
0.02
0.02
–
0.03
0.01
0.02
–
0.01
0.01
0.01
0.01
0.01
–
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 ITC Holdings Corp
1 Itron Inc
2 ITT Corp
3 Ixia
2 IXYS Corp
1 J&J Snack Foods Corp
2 j2 Global Inc
7 Jabil Circuit Inc
2 Jack Henry & Associates Inc
1 Jack in the Box Inc
1 Jacobs Engineering Group Inc
6 Janus Capital Group Inc
1 Jarden Corp
– Jazz Pharmaceuticals PLC
1 JB Hunt Transport Services Inc
13 JC Penney Co Inc
6 JDS Uniphase Corp
8 JetBlue Airways Corp
2 JM Smucker Co
1 John Bean Technologies Corp
1 John Wiley & Sons Inc
11 Johnson & Johnson
6 Johnson Controls Inc
1 Jones Lang LaSalle Inc
2 Joy Global Inc
23 JPMorgan Chase & Co
5 Juniper Networks Inc
1 K12 Inc
– Kaiser Aluminum Corp
1 Kansas City Southern
4 KapStone Paper and Packaging Corp
3 KAR Auction Services Inc
1 Kate Spade & Co
4 KB Home
3 KBR Inc
5 KCG Holdings Inc
1 Kearny Financial Corp
1 Kellogg Co
1 Kelly Services Inc
2 Kemper Corp
2 Kennametal Inc
3 Kennedy-Wilson Holdings Inc
1 Keurig Green Mountain Inc
5 Key Energy Services Inc
12 KeyCorp
1 Keysight Technologies Inc
1 KEYW Holding Corp
– Kforce Inc
– Kimball Electronics Inc
1 Kimball International Inc
1 Kimberly-Clark Corp
13 Kinder Morgan Inc
2 Kindred Healthcare Inc
1 Kirby Corp
1 KLA-Tencor Corp
3 Knight Transportation Inc
2 Knightsbridge Shipping Ltd
1 Knoll Inc
2 Knowles Corp
6 Kodiak Oil & Gas Corp
1 Kofax Ltd (UK listing)
2 Kofax Ltd (US listing)
5 Kohl's Corp
Value
(000's)
GBP
% of Net
Asset
Value
45
38
62
19
11
34
55
93
64
38
32
62
17
27
33
66
52
77
101
14
40
773
206
101
77
893
71
10
19
99
81
74
13
48
30
33
13
40
5
50
43
49
50
6
100
16
10
6
3
3
84
345
29
89
62
57
8
16
32
28
4
9
188
0.02
0.01
0.02
0.01
–
0.01
0.02
0.03
0.02
0.01
0.01
0.02
0.01
0.01
0.01
0.02
0.02
0.03
0.04
0.01
0.02
0.28
0.08
0.04
0.03
0.33
0.03
–
0.01
0.04
0.03
0.03
0.01
0.02
0.01
0.01
–
0.02
–
0.02
0.02
0.02
0.02
–
0.04
0.01
–
–
–
–
0.03
0.13
0.01
0.03
0.02
0.02
–
0.01
0.01
0.01
–
–
0.07
Annual Report and Audited Financial Statements, 30 November 2014
245
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Koppers Holdings Inc
2 Korn/Ferry International
14 Kosmos Energy Ltd
2 Kraft Foods Group Inc
1 Kraton Performance Polymers Inc
1 Krispy Kreme Doughnuts Inc
2 Kroger Co
3 Kronos Worldwide Inc
3 Kulicke & Soffa Industries Inc
1 L Brands Inc
2 L-3 Communications Holdings Inc
1 La-Z-Boy Inc
1 Laboratory Corp of America Holdings
1 Laclede Group Inc
5 Ladenburg Thalmann Financial Services Inc
1 Lakeland Bancorp Inc
1 Lakeland Financial Corp
1 Lam Research Corp
1 Lancaster Colony Corp
– Lands' End Inc
1 Landstar System Inc
1 Lannett Co Inc
3 Laredo Petroleum Inc
3 Las Vegas Sands Corp
3 Lattice Semiconductor Corp
– LB Foster Co
3 LeapFrog Enterprises Inc
2 Lear Corp
3 Legg Mason Inc
2 Leggett & Platt Inc
3 Leidos Holdings Inc
2 Lennar Corp
1 Lennox International Inc
7 Leucadia National Corp
2 Level 3 Communications Inc
2 Lexmark International Inc
– LHC Group Inc
1 Libbey Inc
– Liberty Broadband Corp, Class A
– Liberty Broadband Corp, Class C
2 Liberty Global PLC, Class A
6 Liberty Global PLC, Class C
6 Liberty Interactive Corp
1 Liberty Media Corp, Class A
1 Liberty Media Corp, Class C
1 Liberty Tax Inc
1 Liberty TripAdvisor Holdings Inc
3 Liberty Ventures
2 Life Time Fitness Inc
1 LifePoint Hospitals Inc
– Ligand Pharmaceuticals Inc
2 Lincoln Electric Holdings Inc
3 Lincoln National Corp
– Lindsay Corp
1 Linear Technology Corp
– LinkedIn Corp
3 LinnCo LLC
3 Lionbridge Technologies Inc
2 Lions Gate Entertainment Corp
1 Lithia Motors Inc
1 Littelfuse Inc
5 Live Nation Entertainment Inc
3 LKQ Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
18
43
73
69
15
18
90
21
28
54
142
18
43
42
10
7
18
69
54
6
35
29
21
124
12
9
9
103
97
43
67
52
46
100
69
66
6
17
6
13
54
198
106
17
35
17
25
68
54
44
10
77
121
24
43
28
27
11
37
38
37
89
63
0.01
0.02
0.03
0.03
0.01
0.01
0.03
0.01
0.01
0.02
0.05
0.01
0.02
0.02
–
–
0.01
0.03
0.02
–
0.01
0.01
0.01
0.05
–
–
–
0.04
0.04
0.02
0.03
0.02
0.02
0.04
0.03
0.02
–
0.01
–
–
0.02
0.07
0.04
0.01
0.01
0.01
0.01
0.03
0.02
0.02
–
0.03
0.04
0.01
0.02
0.01
0.01
–
0.01
0.01
0.01
0.03
0.02
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
4 Loews Corp
1 Lorillard Inc
6 Louisiana-Pacific Corp
4 Lowe's Cos Inc
2 LPL Financial Holdings Inc
1 LSB Industries Inc
1 Lululemon Athletica Inc
1 Luminex Corp
1 Lumos Networks Corp
– Lydall Inc
3 LyondellBasell Industries NV
1 M&T Bank Corp
1 M/I Homes Inc
4 Macy's Inc
1 Madison Square Garden Co
1 Magellan Health Inc
– Magnachip Semiconductor Corp
2 Maiden Holdings Ltd
1 MainSource Financial Group Inc
1 Mallinckrodt PLC
2 Manhattan Associates Inc
3 Manitowoc Co Inc
2 Manpowergroup Inc
1 ManTech International Corp
9 Marathon Oil Corp
3 Marathon Petroleum Corp
– Marcus Corp
1 MarineMax Inc
– Markel Corp
1 MarketAxess Holdings Inc
1 Marriott International Inc
1 Marriott Vacations Worldwide Corp
2 Marsh & McLennan Cos Inc
1 Marten Transport Ltd
1 Martin Marietta Materials Inc
10 Marvell Technology Group Ltd
2 Masco Corp
1 Masimo Corp
3 MasTec Inc
4 MasterCard Inc
2 Matador Resources Co
1 Materion Corp
1 Matrix Service Co
2 Matson Inc
2 Mattel Inc
1 Matthews International Corp
1 Mattress Firm Holding Corp
1 Maxim Integrated Products Inc
2 MAXIMUS Inc
1 Maxwell Technologies Inc
3 MB Financial Inc
5 MBIA Inc
1 McCormick & Co Inc
7 McDermott International Inc
3 McDonald's Corp
10 McEwen Mining Inc
1 McGrath RentCorp
1 McGraw Hill Financial Inc
1 McKesson Corp
2 MDC Holdings Inc
2 MDU Resources Group Inc
1 Mead Johnson Nutrition Co
4 MeadWestvaco Corp
Value
(000's)
GBP
% of Net
Asset
Value
98
33
61
180
61
16
15
14
6
3
128
100
19
169
67
47
3
18
8
62
39
34
95
19
168
174
3
9
125
34
54
57
80
14
52
91
33
16
42
205
24
21
9
45
47
25
55
25
73
3
62
30
45
15
187
8
22
55
127
34
30
35
102
0.04
0.01
0.02
0.07
0.02
0.01
0.01
0.01
–
–
0.05
0.04
0.01
0.06
0.02
0.02
–
0.01
–
0.02
0.01
0.01
0.04
0.01
0.06
0.06
–
–
0.05
0.01
0.02
0.02
0.03
0.01
0.02
0.03
0.01
0.01
0.02
0.08
0.01
0.01
–
0.02
0.02
0.01
0.02
0.01
0.03
–
0.02
0.01
0.02
0.01
0.07
–
0.01
0.02
0.05
0.01
0.01
0.01
0.04
Annual Report and Audited Financial Statements, 30 November 2014
246
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
3 MedAssets Inc
3 Media General Inc
2 Medicines Co
1 Medifast Inc
– Medivation Inc
2 MEDNAX Inc
3 Medtronic Inc
2 Men's Wearhouse Inc
3 Mentor Graphics Corp
3 Mercer International Inc
17 Merck & Co Inc
1 Mercury General Corp
1 Mercury Systems Inc
1 Meredith Corp
1 Meridian Bancorp Inc
1 Meridian Bioscience Inc
2 Merit Medical Systems Inc
1 Meritage Homes Corp
2 Meritor Inc
1 Methode Electronics Inc
6 MetLife Inc
– Mettler-Toledo International Inc
1 MGE Energy Inc
1 MGIC Investment Corp
10 MGM Resorts International
1 Michael Kors Holdings Ltd
1 Micrel Inc
2 Microchip Technology Inc
15 Micron Technology Inc
3 Microsemi Corp
33 Microsoft Corp
1 Middleby Corp
3 Midstates Petroleum Co Inc
1 Minerals Technologies Inc
– Mistras Group Inc
3 MKS Instruments Inc
2 Mobile Mini Inc
1 Modine Manufacturing Co
1 Mohawk Industries Inc
1 Molina Healthcare Inc
1 Molson Coors Brewing Co
1 Momenta Pharmaceuticals Inc
10 Mondelez International Inc
1 Monotype Imaging Holdings Inc
1 Monro Muffler Brake Inc
3 Monsanto Co
1 Monster Beverage Corp
1 Monster Worldwide Inc
1 Moody's Corp
1 Moog Inc
11 Morgan Stanley
– Morningstar Inc
3 Mosaic Co
1 Motorcar Parts of America Inc
2 Motorola Solutions Inc
– Movado Group Inc
2 MRC Global Inc
1 MSA Safety Inc
1 MSC Industrial Direct Co Inc
3 MSCI Inc
– MTS Systems Corp
2 Mueller Industries Inc
6 Mueller Water Products Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
33
33
37
14
16
98
131
53
38
25
638
36
4
46
5
6
17
33
21
19
218
27
25
9
139
45
8
45
351
45
1,019
38
4
59
3
60
49
8
107
49
74
5
262
12
36
193
80
4
37
49
238
11
91
13
69
8
27
39
45
92
19
33
38
0.01
0.01
0.01
0.01
0.01
0.04
0.05
0.02
0.01
0.01
0.23
0.01
–
0.02
–
–
0.01
0.01
0.01
0.01
0.08
0.01
0.01
–
0.05
0.02
–
0.02
0.13
0.02
0.37
0.01
–
0.02
–
0.02
0.02
–
0.04
0.02
0.03
–
0.10
–
0.01
0.07
0.03
–
0.01
0.02
0.09
–
0.03
–
0.03
–
0.01
0.01
0.02
0.03
0.01
0.01
0.01
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Multi-Color Corp
3 Murphy Oil Corp
2 Murphy USA Inc
– MWI Veterinary Supply Inc
– Myers Industries Inc
2 Mylan Inc
– MYR Group Inc
2 Myriad Genetics Inc
7 Nabors Industries Ltd
– NACCO Industries Inc
3 NASDAQ OMX Group Inc
1 National Bank Holdings Corp
1 National Beverage Corp
1 National CineMedia Inc
1 National Fuel Gas Co
– National Healthcare Corp
1 National Instruments Corp
1 National Interstate Corp
3 National Oilwell Varco Inc
7 National Penn Bancshares Inc
– National Presto Industries Inc
– National Western Life Insurance Co
3 Nationstar Mortgage Holdings Inc
1 Natus Medical Inc
6 Navient Corp
2 Navigant Consulting Inc
1 Navigators Group Inc
2 NBT Bancorp Inc
6 NCR Corp
1 Neenah Paper Inc
2 Nelnet Inc
2 NetApp Inc
– Netflix Inc
1 NETGEAR Inc
1 NetScout Systems Inc
– NetSuite Inc
2 NeuStar Inc
1 New Jersey Resources Corp
8 New York Community Bancorp Inc
3 New York Times Co
2 Newell Rubbermaid Inc
4 Newfield Exploration Co
– NewMarket Corp
7 Newmont Mining Corp
4 Newpark Resources Inc
1 Newport Corp
3 News Corp, Class A
1 News Corp, Class B
1 NewStar Financial Inc
1 Nexstar Broadcasting Group Inc
1 NextEra Energy Inc
1 NIC Inc
3 Nielsen NV
2 NIKE Inc
2 NiSource Inc
– NN Inc
5 Noble Corp PLC
4 Noble Energy Inc
2 Nordic American Tankers Ltd
– Nordic American Offshore Ltd
1 Nordson Corp
1 Nordstrom Inc
4 Norfolk Southern Corp
Value
(000's)
GBP
% of Net
Asset
Value
21
102
69
31
4
57
5
43
55
11
98
13
13
11
48
4
22
12
117
45
11
7
63
21
87
15
37
24
114
29
49
54
35
31
22
8
38
44
77
28
54
77
58
84
28
14
27
12
4
30
76
16
81
102
45
3
63
120
13
–
57
63
320
0.01
0.04
0.03
0.01
–
0.02
–
0.02
0.02
–
0.04
–
–
–
0.02
–
0.01
–
0.04
0.02
–
–
0.02
0.01
0.03
0.01
0.01
0.01
0.04
0.01
0.02
0.02
0.01
0.01
0.01
–
0.01
0.02
0.03
0.01
0.02
0.03
0.02
0.03
0.01
0.01
0.01
–
–
0.01
0.03
0.01
0.03
0.04
0.02
–
0.02
0.04
0.01
–
0.02
0.02
0.12
Annual Report and Audited Financial Statements, 30 November 2014
247
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
– Nortek Inc
2 Northeast Utilities
2 Northern Oil and Gas Inc
2 Northern Trust Corp
2 Northfield Bancorp Inc
2 Northrop Grumman Corp
1 NorthStar Asset Management Group Inc
4 Northwest Bancshares Inc
1 Northwest Natural Gas Co
1 NorthWestern Corp
2 Norwegian Cruise Line Holdings Ltd
– NOW Inc
6 NRG Energy Inc
1 NRG Yield Inc
– Nu Skin Enterprises Inc
8 Nuance Communications Inc
4 Nucor Corp
1 Nutrisystem Inc
1 NuVasive Inc
1 Nuverra Environmental Solutions Inc
4 NVIDIA Corp
– NVR Inc
1 O'Reilly Automotive Inc
4 Oasis Petroleum Inc
11 Occidental Petroleum Corp
2 Oceaneering International Inc
1 Ocwen Financial Corp
18 Office Depot Inc
2 OFG Bancorp
1 OGE Energy Corp
2 Oil States International Inc
2 Old Dominion Freight Line Inc
4 Old National Bancorp
6 Old Republic International Corp
3 Olin Corp
– OM Group Inc
2 Omnicare Inc
1 Omnicell Inc
2 Omnicom Group Inc
2 OmniVision Technologies Inc
1 OMNOVA Solutions Inc
1 On Assignment Inc
13 ON Semiconductor Corp
1 One Gas Inc
1 OneBeacon Insurance Group Ltd
2 ONEOK Inc
3 OPKO Health Inc
19 Oracle Corp
1 OraSure Technologies Inc
2 ORBCOMM Inc
1 Orbital Sciences Corp
3 Orbitz Worldwide Inc
2 Oritani Financial Corp
1 Ormat Technologies Inc
1 Orthofix International NV
2 Oshkosh Corp
1 OSI Systems Inc
1 Otter Tail Corp
– Outerwall Inc
1 Overstock.com Inc
2 Owens & Minor Inc
2 Owens Corning
4 Owens-Illinois Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
18
52
11
73
21
189
7
28
17
37
63
6
124
15
3
81
126
15
34
6
52
92
78
42
557
83
10
76
16
22
62
80
40
54
42
7
98
23
105
30
5
23
76
35
5
56
17
506
3
6
14
14
18
20
13
49
30
13
13
13
48
53
70
0.01
0.02
–
0.03
0.01
0.07
–
0.01
0.01
0.01
0.02
–
0.05
0.01
–
0.03
0.05
0.01
0.01
–
0.02
0.03
0.03
0.02
0.20
0.03
–
0.03
0.01
0.01
0.02
0.03
0.01
0.02
0.02
–
0.04
0.01
0.04
0.01
–
0.01
0.03
0.01
–
0.02
0.01
0.19
–
–
0.01
0.01
0.01
0.01
–
0.02
0.01
–
0.01
–
0.02
0.02
0.03
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Oxford Industries Inc
3 PACCAR Inc
6 Pacific Drilling SA
– Pacira Pharmaceuticals Inc
3 Packaging Corp of America
3 PacWest Bancorp
1 Pall Corp
– Palo Alto Networks Inc
– PAM Transportation Services Inc
– Pandora Media Inc
– Panera Bread Co
– Panhandle Oil and Gas Inc
1 Pantry Inc
1 Papa John's International Inc
2 Paragon Offshore PLC
1 PAREXEL International Corp
– Park Electrochemical Corp
1 Park National Corp
1 Park-Ohio Holdings Corp
2 Parker Drilling Co
2 Parker-Hannifin Corp
1 PartnerRe Ltd
– Patriot Transportation Holding Inc
3 Patterson Cos Inc
5 Patterson-UTI Energy Inc
3 Paychex Inc
3 PBF Energy Inc
1 PC Connection Inc
1 PDC Energy Inc
5 PDL BioPharma Inc
6 Peabody Energy Corp
1 Pegasystems Inc
3 Penn National Gaming Inc
2 Penn Virginia Corp
2 Penske Automotive Group Inc
1 Pentair PLC
8 People's United Financial Inc
1 Pep Boys-Manny Moe & Jack
1 Pepco Holdings Inc
4 PepsiCo Inc
1 Perficient Inc
2 Performant Financial Corp
3 PerkinElmer Inc
1 Perrigo Co PLC
2 PetroQuest Energy Inc
1 PetSmart Inc
43 Pfizer Inc
1 PG&E Corp
2 PH Glatfelter Co
– Pharmacyclics Inc
1 PharMerica Corp
2 PHH Corp
1 PHI Inc
4 Philip Morris International Inc
4 Phillips 66
2 Photronics Inc
1 PICO Holdings Inc
2 Piedmont Natural Gas Co Inc
1 Pier 1 Imports Inc
3 Pilgrim's Pride Corp
1 Pinnacle Entertainment Inc
2 Pinnacle Financial Partners Inc
2 Pinnacle Foods Inc
Value
(000's)
GBP
% of Net
Asset
Value
25
149
25
18
138
79
40
18
9
4
36
5
12
27
4
37
5
29
18
4
127
92
11
96
52
82
57
9
24
27
39
13
24
7
60
61
72
4
18
278
13
7
83
60
5
35
859
36
29
8
18
36
13
237
171
12
14
38
10
59
8
41
51
0.01
0.05
0.01
0.01
0.05
0.03
0.01
0.01
–
–
0.01
–
–
0.01
–
0.01
–
0.01
0.01
–
0.05
0.03
–
0.04
0.02
0.03
0.02
–
0.01
0.01
0.01
0.01
0.01
–
0.02
0.02
0.03
–
0.01
0.10
0.01
–
0.03
0.02
–
0.01
0.32
0.01
0.01
–
0.01
0.01
0.01
0.09
0.06
–
0.01
0.01
–
0.02
–
0.02
0.02
Annual Report and Audited Financial Statements, 30 November 2014
248
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Pinnacle West Capital Corp
2 Pioneer Energy Services Corp
– Pioneer Natural Resources Co
– Piper Jaffray Cos
2 Pitney Bowes Inc
1 Plantronics Inc
1 Platinum Underwriters Holdings Ltd
2 Plexus Corp
2 Ply Gem Holdings Inc
6 PMC-Sierra Inc
3 PNC Financial Services Group Inc
2 PNM Resources Inc
– Polaris Industries Inc
5 Polycom Inc
2 PolyOne Corp
1 Polypore International Inc
1 Pool Corp
– Popeyes Louisiana Kitchen Inc
3 Popular Inc
2 Portland General Electric Co
1 Post Holdings Inc
– Powell Industries Inc
– Power Integrations Inc
1 PPG Industries Inc
2 PPL Corp
1 PRA Group Inc
2 Praxair Inc
1 Precision Castparts Corp
1 Premiere Global Services Inc
1 Prestige Brands Holdings Inc
– Priceline Group Inc
– PriceSmart Inc
2 Primerica Inc
2 Primoris Services Corp
3 Principal Financial Group Inc
3 PrivateBancorp Inc
2 ProAssurance Corp
16 Procter & Gamble Co
1 Progress Software Corp
7 Progressive Corp
1 Prosperity Bancshares Inc
2 Protective Life Corp
– Proto Labs Inc
– Providence Service Corp
3 Provident Financial Services Inc
3 Prudential Financial Inc
1 PTC Inc
2 Public Service Enterprise Group Inc
8 PulteGroup Inc
– Puma Biotechnology Inc
1 PVH Corp
7 QEP Resources Inc
3 QLogic Corp
1 Quad/Graphics Inc
– Quaker Chemical Corp
9 QUALCOMM Inc
2 Quality Systems Inc
2 Quanex Building Products Corp
4 Quanta Services Inc
3 Quest Diagnostics Inc
2 Questar Corp
2 Quiksilver Inc
1 Quintiles Transnational Holdings Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
23
9
36
4
37
40
38
40
14
32
193
38
44
43
47
40
37
14
57
41
33
5
13
73
39
54
125
131
5
30
182
25
63
26
97
62
43
954
19
121
50
71
12
11
32
157
34
59
109
6
63
85
23
13
21
439
18
22
84
112
29
2
28
0.01
–
0.01
–
0.01
0.02
0.01
0.01
0.01
0.01
0.07
0.01
0.02
0.02
0.02
0.01
0.01
0.01
0.02
0.02
0.01
–
–
0.03
0.01
0.02
0.05
0.05
–
0.01
0.07
0.01
0.02
0.01
0.04
0.02
0.02
0.35
0.01
0.04
0.02
0.03
–
–
0.01
0.06
0.01
0.02
0.04
–
0.02
0.03
0.01
–
0.01
0.16
0.01
0.01
0.03
0.04
0.01
–
0.01
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
3 Rackspace Hosting Inc
2 Radian Group Inc
1 Ralph Lauren Corp
1 Rambus Inc
1 Range Resources Corp
1 Raymond James Financial Inc
1 Rayonier Advanced Materials Inc
2 Raytheon Co
1 RBC Bearings Inc
1 RCS Capital Corp
2 RealD Inc
2 Realogy Holdings Corp
1 Receptos Inc
1 Red Hat Inc
– Red Robin Gourmet Burgers Inc
2 Regal Entertainment Group
1 Regal-Beloit Corp
– Regeneron Pharmaceuticals Inc
13 Regions Financial Corp
2 Regis Corp
2 Reinsurance Group of America Inc
2 Reliance Steel & Aluminum Co
1 Remy International Inc
1 RenaissanceRe Holdings Ltd
1 Renasant Corp
2 Renewable Energy Group Inc
2 Rent-A-Center Inc
2 Republic Airways Holdings Inc
– Republic Bancorp Inc
5 Republic Services Inc
1 ResMed Inc
4 Resolute Forest Products Inc
1 Resources Connection Inc
– Restoration Hardware Holdings Inc
1 Revlon Inc
– REX American Resources Corp
2 Rex Energy Corp
4 Rexnord Corp
2 Reynolds American Inc
4 RF Micro Devices Inc
– Rightside Group Ltd
– RigNet Inc
1 Ring Energy Inc
4 Rite Aid Corp
– Riverbed Technology Inc
1 RLI Corp
1 Roadrunner Transportation Systems Inc
1 Robert Half International Inc
3 Rock-Tenn Co
1 Rockwell Automation Inc
1 Rockwell Collins Inc
1 Rockwood Holdings Inc
– Rofin-Sinar Technologies Inc
1 Rogers Corp
1 Rollins Inc
1 Roper Industries Inc
2 Rosetta Resources Inc
1 Ross Stores Inc
3 Rovi Corp
2 Rowan Cos PLC
4 Royal Caribbean Cruises Ltd
2 Royal Gold Inc
5 RPC Inc
Value
(000's)
GBP
% of Net
Asset
Value
85
19
67
8
31
36
13
131
33
6
12
47
43
24
15
27
52
44
83
16
87
74
12
59
21
11
46
20
7
122
20
41
6
14
29
8
9
65
72
37
2
9
4
15
4
38
17
33
109
57
54
47
7
32
27
103
31
79
47
31
206
62
44
0.03
0.01
0.02
–
0.01
0.01
–
0.05
0.01
–
–
0.02
0.02
0.01
0.01
0.01
0.02
0.02
0.03
0.01
0.03
0.03
–
0.02
0.01
–
0.02
0.01
–
0.04
0.01
0.02
–
0.01
0.01
–
–
0.02
0.03
0.01
–
–
–
0.01
–
0.01
0.01
0.01
0.04
0.02
0.02
0.02
–
0.01
0.01
0.04
0.01
0.03
0.02
0.01
0.08
0.02
0.02
Annual Report and Audited Financial Statements, 30 November 2014
249
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
2 RPM International Inc
2 RPX Corp
5 RR Donnelley & Sons Co
– RTI International Metals Inc
1 Ruby Tuesday Inc
1 Rush Enterprises Inc
2 Ruth's Hospitality Group Inc
2 Ryder System Inc
2 Ryland Group Inc
1 S&T Bancorp Inc
– Safeguard Scientifics Inc
– Safety Insurance Group Inc
3 Safeway Inc
1 Saia Inc
1 Salesforce.com Inc
– Salix Pharmaceuticals Ltd
2 Sally Beauty Holdings Inc
2 Sanchez Energy Corp
1 Sanderson Farms Inc
2 SanDisk Corp
13 SandRidge Energy Inc
– Sandy Spring Bancorp Inc
4 Sanmina Corp
2 Sapient Corp
1 SBA Communications Corp
1 SCANA Corp
1 ScanSource Inc
14 Schlumberger Ltd
1 Schnitzer Steel Industries Inc
1 Scholastic Corp
1 Schweitzer-Mauduit International Inc
1 Science Applications International Corp
3 Scientific Games Corp
5 Scorpio Tankers Inc
1 Scotts Miracle-Gro Co
– Scripps Networks Interactive Inc
– Seaboard Corp
– Seacoast Banking Corp of Florida
1 SEACOR Holdings Inc
2 Seagate Technology PLC
2 Sealed Air Corp
2 Sears Holdings Corp
– Seattle Genetics Inc
3 SeaWorld Entertainment Inc
2 SEI Investments Co
1 Select Comfort Corp
4 Select Medical Holdings Corp
2 Selective Insurance Group Inc
1 SemGroup Corp
1 Sempra Energy
2 Semtech Corp
1 Sensata Technologies Holding NV
1 Sensient Technologies Corp
6 Service Corp International
– ServiceNow Inc
2 Seventy Seven Energy Inc
1 Shenandoah Telecommunications Co
– Sherwin-Williams Co
3 Ship Finance International Ltd
1 Shutterfly Inc
– Shutterstock Inc
– Sigma-Aldrich Corp
1 Signature Bank
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
65
14
49
6
5
30
15
128
50
15
4
15
60
28
37
12
46
13
58
111
23
6
57
36
77
24
26
762
16
27
19
29
31
29
49
24
53
4
27
80
43
48
5
28
38
16
36
27
49
42
25
23
41
91
8
8
13
58
32
25
19
42
94
0.02
0.01
0.02
–
–
0.01
0.01
0.05
0.02
0.01
–
0.01
0.02
0.01
0.01
–
0.02
–
0.02
0.04
0.01
–
0.02
0.01
0.03
0.01
0.01
0.28
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.01
0.02
–
0.01
0.03
0.02
0.02
–
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.01
0.01
0.02
0.03
–
–
0.01
0.02
0.01
0.01
0.01
0.02
0.03
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
– Signet Jewelers Ltd
1 Silgan Holdings Inc
1 Silicon Laboratories Inc
1 Simmons First National Corp
1 Simpson Manufacturing Co Inc
3 Sinclair Broadcast Group Inc
15 Sirius XM Holdings Inc
1 Sirona Dental Systems Inc
1 Six Flags Entertainment Corp
– SJW Corp
1 Skechers U.S.A. Inc
2 SkyWest Inc
1 Skyworks Solutions Inc
11 SLM Corp
2 SM Energy Co
1 Smith & Wesson Holding Corp
1 Snap-on Inc
2 Snyder's-Lance Inc
1 SolarCity Corp
– SolarWinds Inc
– Solera Holdings Inc
1 Sonic Automotive Inc
– Sonic Corp
3 Sonoco Products Co
3 Sonus Networks Inc
2 Sotheby's
1 South Jersey Industries Inc
1 South State Corp
3 Southern Co
3 Southern Copper Corp
– Southside Bancshares Inc
12 Southwest Airlines Co
– Southwest Bancorp Inc
1 Southwest Gas Corp
8 Southwestern Energy Co
– SP Plus Corp
1 Spansion Inc
1 SpartanNash Co
2 Spectra Energy Corp
1 Spectrum Brands Holdings Inc
2 Spectrum Pharmaceuticals Inc
2 Speedway Motorsports Inc
2 Spirit AeroSystems Holdings Inc
1 Spirit Airlines Inc
– Splunk Inc
41 Sprint Corp
1 Sprouts Farmers Market Inc
1 SPX Corp
2 SS&C Technologies Holdings Inc
3 St Joe Co
2 St Jude Medical Inc
1 Stage Stores Inc
1 StanCorp Financial Group Inc
1 Standard Motor Products Inc
8 Standard Pacific Corp
– Standex International Corp
2 Stanley Black & Decker Inc
11 Staples Inc
2 Starbucks Corp
2 Starwood Hotels & Resorts Worldwide Inc
1 Starz
2 State Auto Financial Corp
2 State Street Corp
Value
(000's)
GBP
% of Net
Asset
Value
23
47
29
18
27
49
36
29
31
4
27
12
38
67
65
9
45
38
18
13
16
21
8
71
7
52
29
29
76
66
4
322
3
41
155
4
12
15
37
85
10
21
57
58
4
132
24
66
75
41
101
17
58
20
38
9
131
98
79
90
23
19
111
0.01
0.02
0.01
0.01
0.01
0.02
0.01
0.01
0.01
–
0.01
–
0.01
0.02
0.02
–
0.02
0.01
0.01
–
0.01
0.01
–
0.03
–
0.02
0.01
0.01
0.03
0.02
–
0.12
–
0.02
0.06
–
–
0.01
0.01
0.03
–
0.01
0.02
0.02
–
0.05
0.01
0.02
0.03
0.02
0.04
0.01
0.02
0.01
0.01
–
0.05
0.04
0.03
0.03
0.01
0.01
0.04
Annual Report and Audited Financial Statements, 30 November 2014
250
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
7 Steel Dynamics Inc
3 Steelcase Inc
1 Stein Mart Inc
1 Steiner Leisure Ltd
– Stepan Co
1 Stericycle Inc
1 STERIS Corp
2 Sterling Bancorp
2 Steven Madden Ltd
1 Stewart Information Services Corp
2 Stifel Financial Corp
4 Stillwater Mining Co
1 Stock Yards Bancorp Inc
2 Stone Energy Corp
1 Stratasys Ltd
1 Stryker Corp
1 Sun Hydraulics Corp
2 SunCoke Energy Inc
2 SunEdison Inc
3 SunPower Corp
4 SunTrust Banks Inc
1 Super Micro Computer Inc
4 Superior Energy Services Inc
– Superior Industries International Inc
5 Supervalu Inc
7 Susquehanna Bancshares Inc
2 SVB Financial Group
– Swift Energy Co
2 Swift Transportation Co
2 Sykes Enterprises Inc
14 Symantec Corp
3 Symetra Financial Corp
1 Symmetry Medical Inc
– Synaptics Inc
1 Synchronoss Technologies Inc
2 Synergy Resources Corp
2 SYNNEX Corp
2 Synopsys Inc
3 Synovus Financial Corp
1 Syntel Inc
2 Sysco Corp
– Systemax Inc
1 T Rowe Price Group Inc
7 T-Mobile US Inc
3 Take-Two Interactive Software Inc
1 TAL International Group Inc
2 Taminco Corp
– Targa Resources Corp
5 Target Corp
– Taro Pharmaceutical Industries Ltd
1 Taser International Inc
6 TCF Financial Corp
3 TD Ameritrade Holding Corp
3 TE Connectivity Ltd
1 Team Health Holdings Inc
1 Team Inc
1 Tech Data Corp
3 TECO Energy Inc
2 Teekay Corp
1 Teledyne Technologies Inc
1 Teleflex Inc
3 Telephone & Data Systems Inc
1 TeleTech Holdings Inc
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
97
34
5
20
8
50
48
21
52
18
53
34
14
19
65
36
13
29
29
49
89
30
48
5
29
56
102
1
32
24
232
42
6
12
16
16
69
69
52
36
55
3
65
122
62
28
28
28
243
13
15
58
70
107
26
18
46
41
51
62
70
56
19
0.04
0.01
–
0.01
–
0.02
0.02
0.01
0.02
0.01
0.02
0.01
0.01
0.01
0.02
0.01
–
0.01
0.01
0.02
0.03
0.01
0.02
–
0.01
0.02
0.04
–
0.01
0.01
0.09
0.02
–
–
0.01
0.01
0.03
0.03
0.02
0.01
0.02
–
0.02
0.04
0.02
0.01
0.01
0.01
0.09
0.01
0.01
0.02
0.03
0.04
0.01
0.01
0.02
0.02
0.02
0.02
0.03
0.02
0.01
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Tempur Sealy International Inc
1 Tenet Healthcare Corp
– Tennant Co
1 Tenneco Inc
1 Teradata Corp
5 Teradyne Inc
2 Terex Corp
1 Tesco Corp
– Tesla Motors Inc
3 Tesoro Corp
1 Tessera Technologies Inc
2 Tetra Tech Inc
2 TETRA Technologies Inc
1 Texas Capital Bancshares Inc
4 Texas Instruments Inc
2 Texas Roadhouse Inc
2 Textainer Group Holdings Ltd
7 TFS Financial Corp
2 Thermo Fisher Scientific Inc
1 Thermon Group Holdings Inc
1 Thor Industries Inc
1 Thoratec Corp
1 TIBCO Software Inc
2 Tidewater Inc
1 Tiffany & Co
2 Time Warner Cable Inc
6 Time Warner Inc
2 Timken Co
2 TimkenSteel Corp
1 Titan International Inc
2 TiVo Inc
2 TJX Cos Inc
4 Toll Brothers Inc
– Tompkins Financial Corp
1 Tootsie Roll Industries Inc
1 Torchmark Corp
1 Tornier NV
1 Toro Co
5 Total System Services Inc
1 Tower International Inc
1 Towers Watson & Co
1 Towne Bank
1 Tractor Supply Co
– TransDigm Group Inc
3 Transocean Ltd
4 Travelers Cos Inc
– Tredegar Corp
1 TreeHouse Foods Inc
– Trex Co Inc
3 Triangle Petroleum Corp
1 TriMas Corp
1 Trimble Navigation Ltd
6 Trinity Industries Inc
1 TripAdvisor Inc
– Triple-S Management Corp
3 TriQuint Semiconductor Inc
1 Triumph Group Inc
2 Tronox Ltd
1 TrueBlue Inc
3 TrustCo Bank Corp NY
3 Trustmark Corp
2 TRW Automotive Holdings Corp
3 TTM Technologies Inc
Value
(000's)
GBP
% of Net
Asset
Value
23
27
13
21
29
69
41
8
25
137
19
36
8
35
134
48
38
63
167
12
48
16
12
32
54
165
315
63
34
4
19
75
96
10
15
47
12
21
98
19
55
9
39
32
40
296
4
52
11
9
22
13
129
32
4
41
62
25
15
15
40
109
11
0.01
0.01
–
0.01
0.01
0.03
0.02
–
0.01
0.05
0.01
0.01
–
0.01
0.05
0.02
0.01
0.02
0.06
–
0.02
0.01
–
0.01
0.02
0.06
0.12
0.02
0.01
–
0.01
0.03
0.04
–
0.01
0.02
–
0.01
0.04
0.01
0.02
–
0.01
0.01
0.02
0.11
–
0.02
–
–
0.01
–
0.05
0.01
–
0.02
0.02
0.01
0.01
0.01
0.02
0.04
–
Annual Report and Audited Financial Statements, 30 November 2014
251
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
1 Tuesday Morning Corp
1 Tumi Holdings Inc
– Tupperware Brands Corp
1 Tutor Perini Corp
5 Twenty-First Century Fox Inc, Class A
2 Twenty-First Century Fox Inc, Class B
1 Tyco International PLC
– Tyler Technologies Inc
5 Tyson Foods Inc
1 Ubiquiti Networks Inc
4 UGI Corp
1 UIL Holdings Corp
– Ulta Salon Cosmetics & Fragrance Inc
– Ultimate Software Group Inc
2 Ultra Petroleum Corp
3 Ultrapetrol Bahamas Ltd
1 Ultratech Inc
2 UMB Financial Corp
5 Umpqua Holdings Corp
– Under Armour Inc
– Unifi Inc
1 UniFirst Corp
1 Union Bankshares Corp
11 Union Pacific Corp
1 Unisys Corp
2 Unit Corp
2 United Bankshares Inc
2 United Community Banks Inc
3 United Continental Holdings Inc
2 United Financial Bancorp Inc
1 United Fire Group Inc
1 United Natural Foods Inc
2 United Parcel Service Inc
2 United Rentals Inc
1 United States Cellular Corp
3 United States Steel Corp
2 United Stationers Inc
5 United Technologies Corp
– United Therapeutics Corp
9 UnitedHealth Group Inc
2 Universal American Corp
1 Universal Corp
1 Universal Display Corp
– Universal Electronics Inc
1 Universal Forest Products Inc
2 Universal Health Services Inc
1 Universal Insurance Holdings Inc
5 Unum Group
3 Urban Outfitters Inc
12 US Bancorp
– US Ecology Inc
– US Physical Therapy Inc
1 US Silica Holdings Inc
1 USANA Health Sciences Inc
1 USG Corp
3 UTi Worldwide Inc
1 Vaalco Energy Inc
1 Vail Resorts Inc
4 Valero Energy Corp
3 Validus Holdings Ltd
7 Valley National Bancorp
1 Valmont Industries Inc
– Valspar Corp
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
7
19
15
19
109
36
24
34
144
17
108
30
24
28
22
5
12
64
57
20
4
36
16
827
19
41
53
23
133
13
18
52
163
132
23
72
42
367
30
587
13
23
12
8
18
118
11
114
58
327
8
5
28
39
17
21
4
45
113
74
42
67
21
–
0.01
0.01
0.01
0.04
0.01
0.01
0.01
0.05
0.01
0.04
0.01
0.01
0.01
0.01
–
–
0.02
0.02
0.01
–
0.01
0.01
0.30
0.01
0.02
0.02
0.01
0.05
0.01
0.01
0.02
0.06
0.05
0.01
0.03
0.02
0.13
0.01
0.22
0.01
0.01
–
–
0.01
0.04
–
0.04
0.02
0.12
–
–
0.01
0.01
0.01
0.01
–
0.02
0.04
0.03
0.02
0.02
0.01
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
10 Vantage Drilling Co
2 Vantiv Inc
– Varian Medical Systems Inc
2 VCA Inc
1 Vector Group Ltd
1 Vectren Corp
– Vectrus Inc
2 Veeco Instruments Inc
1 Vera Bradley Inc
2 VeriFone Systems Inc
1 Verint Systems Inc
– VeriSign Inc
1 Verisk Analytics Inc
– Veritiv Corp
21 Verizon Communications Inc
– Vertex Pharmaceuticals Inc
1 VF Corp
1 Viacom Inc
– Viad Corp
1 ViaSat Inc
1 ViewPoint Financial Group Inc
– Virtus Investment Partners Inc
1 Virtusa Corp
2 Visa Inc
4 Vishay Intertechnology Inc
1 Visteon Corp
1 Vitamin Shoppe Inc
– VMware Inc
3 Vonage Holdings Corp
2 Voya Financial Inc
2 Vulcan Materials Co
2 W&T Offshore Inc
1 Wabash National Corp
1 WABCO Holdings Inc
– Wabtec Corp
1 Waddell & Reed Financial Inc
38 Wal-Mart Stores Inc
6 Walgreen Co
1 Walker & Dunlop Inc
10 Walt Disney Co
2 Warren Resources Inc
3 Washington Federal Inc
– Washington Trust Bancorp Inc
2 Waste Connections Inc
4 Waste Management Inc
– Waters Corp
– Watsco Inc
1 Watts Water Technologies Inc
7 Weatherford International PLC
1 WebMD Health Corp
3 Webster Financial Corp
1 Weight Watchers International Inc
1 Weis Markets Inc
1 WellCare Health Plans Inc
2 WellPoint Inc
41 Wells Fargo & Co
7 Wendy's Co
2 Werner Enterprises Inc
1 WesBanco Inc
1 Wesco Aircraft Holdings Inc
1 WESCO International Inc
1 West Corp
1 West Pharmaceutical Services Inc
Value
(000's)
GBP
% of Net
Asset
Value
5
45
19
64
19
27
4
41
16
43
31
17
36
1
675
31
55
37
5
51
20
20
21
329
35
94
28
6
6
56
105
11
9
72
26
23
2,143
252
6
588
2
45
11
69
140
31
30
25
62
12
57
20
17
61
161
1,419
40
50
25
10
75
22
49
–
0.02
0.01
0.02
0.01
0.01
–
0.02
0.01
0.02
0.01
0.01
0.01
–
0.25
0.01
0.02
0.01
–
0.02
0.01
0.01
0.01
0.12
0.01
0.03
0.01
–
–
0.02
0.04
–
–
0.03
0.01
0.01
0.79
0.09
–
0.22
–
0.02
–
0.03
0.05
0.01
0.01
0.01
0.02
–
0.02
0.01
0.01
0.02
0.06
0.52
0.01
0.02
0.01
–
0.03
0.01
0.02
Annual Report and Audited Financial Statements, 30 November 2014
252
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
United States – 46.32% (continued)
– Westamerica Bancorporation
2 Westar Energy Inc
2 Western Alliance Bancorp
2 Western Digital Corp
4 Western Refining Inc
3 Western Union Co
3 Westlake Chemical Corp
1 Westmoreland Coal Co
1 WEX Inc
1 WGL Holdings Inc
1 Whirlpool Corp
– White Mountains Insurance Group Ltd
2 WhiteWave Foods Co
3 Whiting Petroleum Corp
1 Whole Foods Market Inc
1 Willbros Group Inc
1 William Lyon Homes
2 Williams Cos Inc
1 Williams-Sonoma Inc
2 Willis Group Holdings PLC
3 Wilshire Bancorp Inc
14 Windstream Holdings Inc
1 Winnebago Industries Inc
2 Wintrust Financial Corp
1 Wisconsin Energy Corp
2 WisdomTree Investments Inc
3 Wolverine World Wide Inc
1 Woodward Inc
– Workday Inc
– World Acceptance Corp
1 World Fuel Services Corp
2 Worthington Industries Inc
4 WPX Energy Inc
3 WR Berkley Corp
– WR Grace & Co
1 Wright Medical Group Inc
– WSFS Financial Corp
– WW Grainger Inc
1 Wyndham Worldwide Corp
1 Wynn Resorts Ltd
2 Xcel Energy Inc
1 Xcerra Corp
16 Xerox Corp
1 Xilinx Inc
5 XL Group PLC
2 XPO Logistics Inc
2 Xylem Inc
1 Yadkin Financial Corp
3 Yahoo! Inc
– Yelp Inc
1 Yum! Brands Inc
1 Zebra Technologies Corp
1 Zep Inc
– Zillow Inc
2 Zimmer Holdings Inc
4 Zions Bancorporation
3 Zoetis Inc
1 Zumiez Inc
8 Zynga Inc
Total Common Stock – 84.68% (30 November 2013: 0.00%)
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
12
38
39
162
100
34
102
12
43
27
167
48
36
68
28
2
9
64
41
55
20
90
13
52
37
24
54
47
6
15
29
41
38
84
26
9
10
61
69
83
54
4
143
37
119
49
56
13
100
4
71
27
10
6
147
76
93
25
13
–
0.01
0.01
0.06
0.04
0.01
0.04
–
0.02
0.01
0.06
0.02
0.01
0.03
0.01
–
–
0.02
0.02
0.02
0.01
0.03
–
0.02
0.01
0.01
0.02
0.02
–
0.01
0.01
0.02
0.01
0.03
0.01
–
–
0.02
0.03
0.03
0.02
–
0.05
0.01
0.04
0.02
0.02
0.01
0.04
–
0.03
0.01
–
–
0.05
0.03
0.03
0.01
–
126,124
46.32
230,595
84.68
Value
(000's)
GBP
% of Net
Asset
Value
11
–
11
–
1
–
1
–
Total Preferred Stock – 0.00% (30 November 2013: 0.00%)
12
–
Real Estate Investment Trust
Australia – 0.21%
8 Abacus Property Group
4 ALE Property Group
13 BWP Trust
5 Charter Hall Group
11 Charter Hall Retail REIT
46 Cromwell Property Group
14 Dexus Property Group
21 Federation Centres
12 Goodman Group
25 GPT Group
16 Investa Office Fund
60 Mirvac Group
37 Novion Property Group
27 Scentre Group
18 Shopping Centres Australasia Property Group
16 Stockland
10 Westfield Corp
13
7
18
13
24
25
56
31
35
57
31
57
43
51
17
37
43
–
–
0.01
0.01
0.01
0.01
0.02
0.01
0.01
0.02
0.01
0.02
0.02
0.02
0.01
0.01
0.02
558
0.21
5
22
33
4
15
–
0.01
0.01
–
0.01
79
0.03
23
12
14
12
16
21
16
15
11
9
17
0.01
–
–
–
0.01
0.01
0.01
0.01
–
–
0.01
166
0.06
11
28
26
29
45
17
–
0.01
0.01
0.01
0.02
0.01
156
0.06
11
4
0.01
–
15
0.01
Shares (000's)
Preferred Stock
Germany – 0.00%
– Porsche Automobil Holding SE
United Kingdom – 0.00%
682 Rolls-Royce Holdings PLC
Belgium – 0.03%
– Aedifica SA
1 Befimmo SA
– Cofinimmo SA
– Retail Estates NV
– Warehouses De Pauw SCA
Canada – 0.06%
1 Allied Properties Real Estate Investment Trust
1 Artis Real Estate Investment Trust
– Boardwalk Real Estate Investment Trust
1 Calloway Real Estate Investment Trust
1 Canadian Apartment Properties REIT
1 Canadian Real Estate Investment Trust
2 Cominar Real Estate Investment Trust
1 Dream Office Real Estate Investment Trust
– Granite Real Estate Investment Trust
1 H&R Real Estate Investment Trust
1 RioCan Real Estate Investment Trust
France – 0.06%
– Altarea SCA
– Fonciere Des Regions
– Gecina SA
1 ICADE
2 Klepierre
1 Mercialys SA
Germany – 0.01%
1 Alstria Office REIT-AG
1 Hamborner REIT AG
Annual Report and Audited Financial Statements, 30 November 2014
253
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Real Estate Investment Trust (continued)
Hong Kong – 0.03%
44 Champion REIT
23 Fortune Real Estate Investment Trust
15 Link REIT
Israel – 0.00%
1 Alony Hetz Properties & Investments Ltd
Italy – 0.00%
18 Beni Stabili SpA SIIQ
Japan – 0.21%
– Advance Residence Investment Corp
– Comforia Residential REIT Inc
– Daiwa House REIT Investment Corp
– Daiwa House Residential Investment Corp
– Daiwa Office Investment Corp
– Frontier Real Estate Investment Corp
– Fukuoka REIT Corp
– Global One Real Estate Investment Corp
– GLP J-Reit
– Hankyu Reit Inc
– Heiwa Real Estate REIT Inc
– Industrial & Infrastructure Fund Investment Corp
– Invincible Investment Corp
– Japan Excellent Inc
1 Japan Hotel REIT Investment Corp
– Japan Logistics Fund Inc
– Japan Prime Realty Investment Corp
– Japan Real Estate Investment Corp
– Japan Rental Housing Investments Inc
– Japan Retail Fund Investment Corp
– Kenedix Office Investment Corp
– Kenedix Residential Investment Corp
– Mori Hills REIT Investment Corp
– Mori Trust Sogo Reit Inc
– Nippon Accommodations Fund Inc
– Nippon Building Fund Inc
– Nomura Real Estate Master Fund Inc
– Nomura Real Estate Office Fund Inc
– Nomura Real Estate Residential Fund Inc
– Orix JREIT Inc
– Premier Investment Corp
– Sekisui House SI Residential Investment Corp
– Tokyu REIT Inc
– Top REIT Inc
– United Urban Investment Corp
Mexico – 0.00%
6 PLA Administradora Industrial S de RL de CV
Netherlands – 0.07%
1 Corio NV
2 Nieuwe Steen Investments NV
– Unibail-Rodamco SE
1 Vastned Retail NV
1 Wereldhave NV
New Zealand – 0.01%
23 Goodman Property Trust
20 Kiwi Income Property Trust
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
13
15
61
–
0.01
0.02
89
0.03
3
–
3
–
8
–
8
–
20
14
14
23
13
21
18
9
19
8
11
17
2
19
17
20
30
19
14
20
21
14
13
15
25
19
12
21
14
27
14
14
19
10
11
0.01
0.01
–
0.01
–
0.01
0.01
–
0.01
–
–
0.01
–
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
–
–
–
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.01
–
–
577
0.21
9
–
9
–
49
6
79
16
29
0.02
–
0.03
0.01
0.01
179
0.07
13
11
0.01
–
24
0.01
Shares (000's)
Real Estate Investment Trust (continued)
Singapore – 0.10%
12 AIMS AMP Capital Industrial REIT
11 Ascendas Real Estate Investment Trust
31 Ascott Residence Trust
17 Cache Logistics Trust
32 Cambridge Industrial Trust
35 CapitaCommercial Trust
17 CapitaMall Trust
17 CapitaRetail China Trust
14 CDL Hospitality Trusts
21 Far East Hospitality Trust
17 Frasers Centrepoint Trust
17 Frasers Commercial Trust
19 Keppel REIT
18 Mapletree Commercial Trust
17 Mapletree Industrial Trust
22 Mapletree Logistics Trust
7 Parkway Life Real Estate Investment Trust
16 Sabana Shari'ah Compliant Industrial Real Estate
Investment Trust
31 Starhill Global REIT
38 Suntec Real Estate Investment Trust
United Kingdom – 0.21%
1 Assura Group Ltd
3 Big Yellow Group PLC
5 British Land Co PLC
2 Derwent London PLC
9 Great Portland Estates PLC
11 Hammerson PLC
17 Hansteen Holdings PLC
14 Intu Properties PLC
4 Land Securities Group PLC
14 Londonmetric Property PLC
2 Primary Health Properties PLC
12 Redefine International PLC
3 Safestore Holdings PLC
16 Segro PLC
7 Shaftesbury PLC
2 Workspace Group PLC
United States – 1.50%
1 Acadia Realty Trust
– Agree Realty Corp
– Alexander's Inc
1 Alexandria Real Estate Equities Inc
1 American Assets Trust Inc
2 American Campus Communities Inc
5 American Realty Capital Properties Inc
1 American Tower Corp
2 Apartment Investment & Management Co
2 Ashford Hospitality Trust Inc
1 Associated Estates Realty Corp
– AvalonBay Communities Inc
3 BioMed Realty Trust Inc
1 Boston Properties Inc
4 Brandywine Realty Trust
1 Camden Property Trust
2 Campus Crest Communities Inc
3 CBL & Associates Properties Inc
1 Cedar Realty Trust Inc
2 Chesapeake Lodging Trust
– CoreSite Realty Corp
2 Corporate Office Properties Trust
Value
(000's)
GBP
% of Net
Asset
Value
9
12
19
10
11
29
17
13
12
8
16
12
12
12
13
12
8
–
–
0.01
–
–
0.01
0.01
0.01
–
–
0.01
0.01
–
0.01
0.01
0.01
–
8
12
37
–
–
0.01
282
0.10
–
21
36
72
67
68
18
50
48
21
6
6
7
62
60
13
–
0.01
0.01
0.03
0.03
0.03
0.01
0.02
0.02
0.01
–
–
–
0.02
0.02
–
555
0.21
25
9
26
64
27
52
30
47
52
12
17
46
38
70
41
62
7
33
4
32
8
32
0.01
–
0.01
0.02
0.01
0.02
0.01
0.02
0.02
–
0.01
0.02
0.01
0.03
0.02
0.02
–
0.01
–
0.01
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
254
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Real Estate Investment Trust (continued)
United States – 1.50% (continued)
1 Corrections Corp of America
5 Cousins Properties Inc
– Crown Castle International Corp
3 CubeSmart
1 CyrusOne Inc
2 DCT Industrial Trust Inc
4 DDR Corp
5 DiamondRock Hospitality Co
1 Digital Realty Trust Inc
2 Douglas Emmett Inc
5 Duke Realty Corp
2 DuPont Fabros Technology Inc
1 EastGroup Properties Inc
4 Education Realty Trust Inc
1 EPR Properties
1 Equity LifeStyle Properties Inc
3 Equity One Inc
1 Equity Residential
– Essex Property Trust Inc
2 Excel Trust Inc
1 Extra Space Storage Inc
– Federal Realty Investment Trust
3 FelCor Lodging Trust Inc
3 First Industrial Realty Trust Inc
1 First Potomac Realty Trust
3 Franklin Street Properties Corp
2 Gaming and Leisure Properties Inc
2 General Growth Properties Inc
1 Getty Realty Corp
3 Glimcher Realty Trust
2 Government Properties Income Trust
2 HCP Inc
1 Health Care REIT Inc
2 Healthcare Realty Trust Inc
5 Healthcare Trust of America Inc
6 Hersha Hospitality Trust
1 Highwoods Properties Inc
1 Home Properties Inc
2 Hospitality Properties Trust
4 Host Hotels & Resorts Inc
2 Hudson Pacific Properties Inc
2 Inland Real Estate Corp
2 Investors Real Estate Trust
4 Iron Mountain Inc
1 Kilroy Realty Corp
2 Kimco Realty Corp
2 Kite Realty Group Trust
– Lamar Advertising Co
1 LaSalle Hotel Properties
7 Lexington Realty Trust
2 Liberty Property Trust
1 LTC Properties Inc
1 Macerich Co
2 Mack-Cali Realty Corp
4 Medical Properties Trust Inc
1 Mid-America Apartment Communities Inc
1 Monmouth Real Estate Investment Corp
1 National Health Investors Inc
2 National Retail Properties Inc
2 Omega Healthcare Investors Inc
3 Parkway Properties Inc
2 Pebblebrook Hotel Trust
2 Pennsylvania Real Estate Investment Trust
Dimensional Fund Advisors
Value
(000's)
GBP
% of Net
Asset
Value
12
36
23
40
15
54
47
43
35
36
61
34
31
28
30
32
43
49
50
13
49
36
23
34
10
24
36
35
13
25
24
63
46
41
41
27
30
37
46
60
35
17
12
99
44
39
32
7
39
48
50
21
38
28
38
47
7
33
37
44
33
43
28
–
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.01
0.02
0.01
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.01
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.02
0.02
0.01
0.01
–
0.04
0.02
0.01
0.01
–
0.01
0.02
0.02
0.01
0.01
0.01
0.01
0.02
–
0.01
0.01
0.02
0.01
0.02
0.01
Shares (000's)
Real Estate Investment Trust (continued)
United States – 1.50% (continued)
4 Piedmont Office Realty Trust Inc
1 Post Properties Inc
2 Prologis Inc
1 PS Business Parks Inc
– Public Storage
2 Ramco-Gershenson Properties Trust
1 Realty Income Corp
1 Regency Centers Corp
2 Retail Opportunity Investments Corp
3 Retail Properties of America Inc
2 RLJ Lodging Trust
1 Rouse Properties Inc
1 Ryman Hospitality Properties Inc
1 Sabra Health Care REIT Inc
– Saul Centers Inc
1 Select Income REIT
3 Senior Housing Properties Trust
1 Simon Property Group Inc
1 SL Green Realty Corp
1 Sovran Self Storage Inc
5 Spirit Realty Capital Inc
1 STAG Industrial Inc
– Starwood Waypoint Residential Trust
4 Strategic Hotels & Resorts Inc
2 Summit Hotel Properties Inc
1 Sun Communities Inc
3 Sunstone Hotel Investors Inc
1 Tanger Factory Outlet Centers Inc
1 Taubman Centers Inc
1 Terreno Realty Corp
1 UDR Inc
1 Ventas Inc
– Vornado Realty Trust
1 Washington Real Estate Investment Trust
1 Weingarten Realty Investors
– WP Carey Inc
Total Real Estate Investment Trust – 2.50%
(30 November 2013: 0.00%)
Rights
Australia – 0.00%
3 Duet Group
1 Harvey Norman Holdings Ltd
Belgium – 0.00%
1 Tessenderlo Chemie NV
France – 0.00%
1 Arkema SA
Hong Kong – 0.00%
3 Shangri-La Asia Ltd
Italy – 0.00%
– Societa Cattolica di Assicurazioni SCRL
Korea, Republic of – 0.00%
– DGB Financial Group Inc
Value
(000's)
GBP
% of Net
Asset
Value
44
33
45
31
57
21
41
45
17
33
37
16
33
13
14
16
46
92
43
38
40
15
7
36
14
27
29
19
33
13
19
60
33
19
26
18
0.02
0.01
0.02
0.01
0.02
0.01
0.02
0.02
0.01
0.01
0.01
0.01
0.01
–
0.01
0.01
0.02
0.03
0.02
0.01
0.01
0.01
–
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.01
4,088
1.50
6,788
2.50
–
1
–
–
1
–
1
–
1
–
2
–
2
–
–
–
–
–
–
–
–
–
–
–
–
–
Annual Report and Audited Financial Statements, 30 November 2014
255
Multi-Factor Equity Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Rights (continued)
Spain – 0.00%
8 CaixaBank SA
20 Telefonica SA
Value
(000's)
GBP
% of Net
Asset
Value
–
6
–
–
6
–
2
–
2
–
10
0.01
10
0.01
Sweden – 0.00%
6 Meda AB
United Kingdom – 0.01%
5 UBM PLC
Total Rights – 0.01% (30 November 2013: 0.00%)
Total Investments – 99.63% (30 November 2013: 99.99%)
Cash and Cash Equivalents – 0.42%
(30 November 2013: 0.12%)
Liabilities in Excess of Other Assets – (0.05)%
(30 November 2013: (0.11)%)
Total Net Assets
22
0.01
271,283
99.63
1,134
0.42
(139)
(0.05)
272,278
100.00
Amounts designated as “–“ are either £0, less than £500 or less than 500 shares.
Analysis of Total Assets
Transferable securities admitted to an official exchange listing or
traded on a regulated market
Collective investment schemes
Current assets
Total Assets
% of Total Assets
78.11%
11.14%
10.75%
100.00%
* As disclosed in note 10, the investments in Collective Investment Schemes are related party
investments and have been eliminated in the Company total.
Dimensional Fund Advisors
Annual Report and Audited Financial Statements, 30 November 2014
256
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock
Brazil – 6.64%
29 ALL - America Latina Logistica SA
1,317 Banco do Brasil SA
104 Bematech SA
23 BHG SA - Brazil Hospitality Group
1,497 BM&FBovespa SA
167 Brasil Brokers Participacoes SA
10 BrasilAgro - Co Brasileira de Propriedades
Agricolas
77 Braskem SA, ADR
8 Cia de Locacao das Americas
72 Cia Providencia Industria e Comercio SA
67 Cosan SA Industria e Comercio
57 CR2 Empreendimentos Imobiliarios SA
456 Cyrela Brazil Realty SA Empreendimentos e
Participacoes
112 Direcional Engenharia SA
228 Duratex SA
37 Eternit SA
466 Even Construtora e Incorporadora SA
71 Ez Tec Empreendimentos e Participacoes SA
27 Fertilizantes Heringer SA
499 Fibria Celulose SA
74 Fibria Celulose SA, ADR
4 Forjas Taurus SA
229 Gafisa SA, ADR
204 Gerdau SA
1,518 Gerdau SA, ADR
93 Helbor Empreendimentos SA
31 HRT Participacoes em Petroleo SA
149 Hypermarcas SA
67 Industrias Romi SA
2 International Meal Co Holdings SA
30 Iochpe-Maxion SA
1,565 JBS SA
96 JHSF Participacoes SA
2 Kepler Weber SA
25 Klabin SA
12 Kroton Educacional SA
92 Log-in Logistica Intermodal SA
446 Magnesita Refratarios SA
514 Marfrig Global Foods SA
566 MRV Engenharia e Participacoes SA
477 Paranapanema SA
615 PDG Realty SA Empreendimentos e Participacoes
3,076 Petroleo Brasileiro SA (non-voting), ADR
2,222 Petroleo Brasileiro SA, ADR
76 Positivo Informatica SA
23 Profarma Distribuidora de Produtos Farmaceuticos
SA
66 Rodobens Negocios Imobiliarios SA
6 Rossi Residencial SA
3 Sao Carlos Empreendimentos e Participacoes SA
23 Sao Martinho SA
134 SLC Agricola SA
316 Springs Global Participacoes SA
12 Sul America SA
129 Tecnisa SA
169 Tereos Internacional SA
110 TPI - Triunfo Participacoes e Investimentos SA
51 Trisul SA
351 Usinas Siderurgicas de Minas Gerais SA
477 Vale SA
1,715 Vale SA, ADR
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
69
15,199
336
160
6,144
191
–
0.75
0.02
0.01
0.30
0.01
28
1,154
13
240
839
57
–
0.06
–
0.01
0.04
–
2,198
422
747
49
1,053
632
64
5,952
871
1
481
719
6,345
202
89
1,020
84
10
163
7,254
107
35
137
82
147
487
1,302
1,875
489
264
31,434
21,556
80
0.11
0.02
0.04
–
0.05
0.03
–
0.30
0.04
–
0.02
0.04
0.31
0.01
0.01
0.05
0.01
–
0.01
0.36
0.01
–
0.01
–
0.01
0.02
0.06
0.09
0.02
0.01
1.56
1.07
0.01
88
256
9
40
361
777
82
61
239
119
256
68
917
4,335
15,452
0.01
0.01
–
–
0.02
0.04
0.01
–
0.01
0.01
0.01
–
0.05
0.21
0.77
Shares (000's)
Common Stock (continued)
Brazil – 6.64% (continued)
346 Vanguarda Agro SA
Chile – 1.70%
22
88
1,057
8
198
111,761
8
35
15
1,927
297
204
4,797
23,049
311
55
180
900
10,557
68
184
7,206
199
1,469
371
238
7,060
1,153
106
162
9,734
CAP SA
Cementos BIO BIO SA
Cencosud SA
Cencousud SA, ADR
Cintac SA
Corpbanca SA
Corpbanca SA, ADR
Cristalerias de Chile SA
Cruz Blanca Salud SA
Empresas CMPC SA
Empresas COPEC SA
Empresas Hites SA
Empresas Iansa SA
Enersis SA
Enersis SA, ADR
Gasco SA
Grupo Security SA
Inversiones Aguas Metropolitanas SA
Invexans SA
Latam Airlines Group SA
Latam Airlines Group SA, ADR
Masisa SA
PAZ Corp SA
Ripley Corp SA
Salfacorp SA
Sigdo Koppers SA
Sociedad Matriz SAAM SA
Socovesa SA
Tech Pack SA
Vina Concha y Toro SA
Vina San Pedro Tarapaca SA
China (Hong Kong) – 15.85%
807 361 Degrees International Ltd
2,390 Agile Property Holdings Ltd
26,817 Agricultural Bank of China Ltd
1,382 Air China Ltd
3,568 Aluminum Corp of China Ltd
792 AMVIG Holdings Ltd
566 Angang Steel Co Ltd
543 Anhui Tianda Oil Pipe Co Ltd
2,032 Anxin-China Holdings Ltd
763 Asia Cement China Holdings Corp
1,021 Asian Citrus Holdings Ltd
326 AVIC International Holding HK Ltd
114 AVIC International Holdings Ltd
80,159 Bank of China Ltd
7,797 Bank of Communications Co Ltd
436 Baoye Group Co Ltd
901 BBMG Corp
2,519 Beijing Capital International Airport Co Ltd
1,630 Beijing Capital Land Ltd
1,170 Beijing North Star Co Ltd
275 BYD Electronic International Co Ltd
1,804 C C Land Holdings Ltd
350 Carrianna Group Holdings Co Ltd
963 Central China Real Estate Ltd
6,500 Chaoda Modern Agriculture Holdings Ltd
Value
(000's)
USD
% of Net
Asset
Value
167
0.01
134,008
6.64
149
74
2,738
59
34
1,379
154
250
12
4,799
3,481
76
160
7,654
5,213
451
66
1,421
123
809
2,189
262
123
792
278
360
548
246
50
319
80
0.01
–
0.14
–
–
0.07
0.01
0.01
–
0.24
0.17
–
0.01
0.38
0.26
0.02
–
0.07
0.01
0.04
0.11
0.01
0.01
0.04
0.01
0.02
0.03
0.01
–
0.02
–
34,349
1.70
240
1,405
12,657
1,059
1,546
318
400
109
178
433
145
34
77
41,243
6,445
262
745
1,969
589
368
308
344
48
242
195
0.01
0.07
0.63
0.05
0.08
0.02
0.02
0.01
0.01
0.02
0.01
–
–
2.04
0.32
0.01
0.04
0.10
0.03
0.02
0.02
0.02
–
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
32
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
China (Hong Kong) – 15.85% (continued)
5,868 Chigo Holding Ltd
3,376 China Aerospace International Holdings Ltd
14 China Agri-Industries Holdings Ltd
1,923 China Aoyuan Property Group Ltd
895 China Automation Group Ltd
294 China BlueChemical Ltd
8,579 China CITIC Bank Corp Ltd
3,716 China Coal Energy Co Ltd
5,045 China Communications Construction Co Ltd
2,597 China Communications Services Corp Ltd
58,301 China Construction Bank Corp
152 China Culiangwang Beverages Holdings Ltd
2,027 China Dongxiang Group Co Ltd
118 China Eastern Airlines Corp Ltd
1,366 China Everbright Ltd
1,064 China Glass Holdings Ltd
83 China High Precision Automation Group Ltd
1,580 China High Speed Transmission Equipment Group
Co Ltd
750 China Hongqiao Group Ltd
975 China Household Holdings Ltd
194 China Huiyuan Juice Group Ltd
691 China ITS Holdings Co Ltd
4,586 China Lumena New Materials Corp
3,194 China Merchants Bank Co Ltd
40 China Merchants Holdings International Co Ltd
822 China Merchants Land Ltd
580 China Metal Recycling Holdings Ltd
3,603 China Minsheng Banking Corp Ltd
3,140 China National Building Material Co Ltd
1,481 China National Materials Co Ltd
1,527 China New Town Development Co Ltd
1,282 China Nickel Resources Holdings Co Ltd
430 China Overseas Grand Oceans Group Ltd
7,525 China Petroleum & Chemical Corp
124 China Petroleum & Chemical Corp, ADR
2,914 China Precious Metal Resources Holdings Co Ltd
669 China Properties Group Ltd
940 China Qinfa Group Ltd
2,583 China Railway Construction Corp Ltd
3,779 China Railway Group Ltd
1,218 China Rare Earth Holdings Ltd
22 China Resources Enterprise Ltd
171 China Sanjiang Fine Chemicals Co Ltd
945 China SCE Property Holdings Ltd
2,253 China Shanshui Cement Group Ltd
2,794 China Shenhua Energy Co Ltd
2,429 China Shipping Container Lines Co Ltd
2,124 China Southern Airlines Co Ltd
3,220 China Starch Holdings Ltd
562 China Taifeng Beddings Holdings Ltd
300 China Tianyi Holdings Ltd
724 China Tontine Wines Group Ltd
4,431 China Travel International Investment Hong Kong
Ltd
764 China Unicom Hong Kong Ltd, ADR
1,445 China Vanadium Titano - Magnetite Mining Co Ltd
908 China ZhengTong Auto Services Holdings Ltd
2,652 China Zhongwang Holdings Ltd
1,236 Chongqing Machinery & Electric Co Ltd
3,040 Chongqing Rural Commercial Bank Co Ltd
253 Chu Kong Petroleum & Natural Gas Steel Pipe
Holdings Ltd
1,912 CIFI Holdings Group Co Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
141
440
5
315
166
107
6,350
2,319
5,023
1,266
44,130
7
384
59
3,164
136
13
0.01
0.02
–
0.02
0.01
0.01
0.31
0.11
0.25
0.06
2.19
–
0.02
–
0.16
0.01
–
1,068
567
106
81
101
277
6,599
136
124
132
3,949
3,057
365
69
45
221
6,162
10,030
297
118
39
2,968
2,729
163
46
78
177
857
7,907
714
961
78
83
39
30
0.05
0.03
0.01
–
0.01
0.01
0.32
0.01
0.01
0.01
0.20
0.15
0.02
–
–
0.01
0.31
0.49
0.01
0.01
–
0.15
0.14
0.01
–
–
0.01
0.04
0.39
0.04
0.05
–
–
–
–
1,525
11,585
147
454
1,204
218
1,721
0.08
0.56
0.01
0.02
0.06
0.01
0.09
83
380
–
0.02
Shares (000's)
Common Stock (continued)
China (Hong Kong) – 15.85% (continued)
1,263 CITIC Ltd
2,856 CITIC Resources Holdings Ltd
2,780 Citychamp Watch & Jewellery Group Ltd
83 Clear Media Ltd
158 Comtec Solar Systems Group Ltd
880 COSCO International Holdings Ltd
1,719 COSCO Pacific Ltd
414 DaChan Food Asia Ltd
542 Dah Chong Hong Holdings Ltd
1,422 Dalian Port PDA Co Ltd
127 Digital China Holdings Ltd
913 Dongyue Group Ltd
888 Dynasty Fine Wines Group Ltd
9,841 Evergrande Real Estate Group Ltd
283 Evergreen International Holdings Ltd
2,241 Fantasia Holdings Group Co Ltd
1,318 Fosun International Ltd
5,480 Franshion Properties China Ltd
924 Fufeng Group Ltd
1,148 Future Land Development Holdings Ltd
2,342 Global Bio-Chem Technology Group Co Ltd
870 Global Sweeteners Holdings Ltd
3,732 Glorious Property Holdings Ltd
1,917 Golden Meditech Holdings Ltd
459 Goldlion Holdings Ltd
5,061 GOME Electrical Appliances Holding Ltd
383 Greenland Hong Kong Holdings Ltd
923 Greentown China Holdings Ltd
1,314 Guangshen Railway Co Ltd
18 Guangshen Railway Co Ltd, ADR
456 Guangzhou Automobile Group Co Ltd
1,057 Guangzhou R&F Properties Co Ltd
731 Guodian Technology & Environment Group Corp
Ltd
166 Hainan Meilan International Airport Co Ltd
1,231 Harbin Electric Co Ltd
3,286 Heng Tai Consumables Group Ltd
768 Hengdeli Holdings Ltd
1,014 Hidili Industry International Development Ltd
3,473 HKC Holdings Ltd
179 Honghua Group Ltd
954 Hopson Development Holdings Ltd
64,396 Industrial & Commercial Bank of China Ltd
126 Inspur International Ltd
972 Jiangxi Copper Co Ltd
48 Jingwei Textile Machinery
1,388 Ju Teng International Holdings Ltd
3,410 Kai Yuan Holdings Ltd
2,646 Kaisa Group Holdings Ltd
448 Kasen International Holdings Ltd
1,198 Kingboard Chemical Holdings Ltd
959 Kingboard Laminates Holdings Ltd
2,021 KWG Property Holding Ltd
9,193 Lai Fung Holdings Ltd
72 Leoch International Technology Ltd
133 Lianhua Supermarket Holdings Co Ltd
272 Lingbao Gold Co Ltd
3,103 Lonking Holdings Ltd
2,452 Loudong General Nice Resources China Holdings
Ltd
2,059 Maoye International Holdings Ltd
3,742 Metallurgical Corp of China Ltd
650 MIE Holdings Corp
174 Min Xin Holdings Ltd
Value
(000's)
USD
% of Net
Asset
Value
2,199
412
337
81
23
373
2,332
51
308
526
118
348
31
3,959
34
257
1,602
1,548
489
101
91
42
549
294
200
744
163
928
566
390
431
1,301
0.11
0.02
0.02
–
–
0.02
0.12
–
0.02
0.03
0.01
0.02
–
0.20
–
0.01
0.08
0.08
0.02
0.01
–
–
0.03
0.01
0.01
0.04
0.01
0.05
0.03
0.02
0.02
0.06
150
146
770
54
147
99
95
28
898
43,512
28
1,747
54
725
41
1,020
64
2,239
389
1,579
191
14
72
45
608
0.01
0.01
0.04
–
0.01
–
–
–
0.04
2.16
–
0.09
–
0.04
–
0.05
–
0.11
0.02
0.08
0.01
–
–
–
0.03
171
332
1,062
85
132
0.01
0.02
0.05
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
33
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
China (Hong Kong) – 15.85% (continued)
142 Mingfa Group International Co Ltd
1,470 Mingyuan Medicare Development Co Ltd
1,906 Minmetals Land Ltd
2,128 MMG Ltd
17,950 Nan Hai Corp Ltd
324 Nature Home Holding Co Ltd
2,551 New World China Land Ltd
335 New World Department Store China Ltd
2,432 Nine Dragons Paper Holdings Ltd
24 Overseas Chinese Town Asia Holdings Ltd
962 Parkson Retail Group Ltd
836 Peak Sport Products Co Ltd
3,067 Poly Property Group Co Ltd
199 Ports Design Ltd
2,564 Pou Sheng International Holdings Ltd
1,342 Powerlong Real Estate Holdings Ltd
320 Prosperity International Holdings HK Ltd
1,080 Qingling Motors Co Ltd
1,017 Qunxing Paper Holdings Co Ltd
329 Real Gold Mining Ltd
1,201 Real Nutriceutical Group Ltd
4,534 Renhe Commercial Holdings Co Ltd
1,432 Samson Holding Ltd
761 Sany Heavy Equipment International Holdings Co
Ltd
696 Semiconductor Manufacturing International Corp
96 Semiconductor Manufacturing International Corp,
ADR
469 Shandong Chenming Paper Holdings Ltd
709 Shanghai Industrial Holdings Ltd
697 Shanghai Industrial Urban Development Group Ltd
422 Shanghai Prime Machinery Co Ltd
2,995 Shanghai Zendai Property Ltd
1,229 Shenzhen International Holdings Ltd
4,068 Shenzhen Investment Ltd
1,370 Shimao Property Holdings Ltd
5,814 Shougang Concord International Enterprises Co
Ltd
4,988 Shougang Fushan Resources Group Ltd
5,642 Shui On Land Ltd
213 Sijia Group Co
2,006 Silver Grant International Industries Ltd
1,639 SIM Technology Group Ltd
2,440 Sino Oil And Gas Holdings Ltd
3,617 Sino-Ocean Land Holdings Ltd
1,396 Sinofert Holdings Ltd
2,210 Sinolink Worldwide Holdings Ltd
643 Sinotrans Ltd
1,245 Sinotrans Shipping Ltd
1,107 Sinotruk Hong Kong Ltd
2,260 Skyworth Digital Holdings Ltd
2,784 SMI Holdings Group Ltd
2,328 SOHO China Ltd
3,034 SRE Group Ltd
712 Sunac China Holdings Ltd
1,725 TCC International Holdings Ltd
783 Tian An China Investment Co Ltd
1,580 Tiangong International Co Ltd
2,866 Tianjin Port Development Holdings Ltd
540 Tianneng Power International Ltd
705 Tomson Group Ltd
32 Tonly Electronics Holdings Ltd
22 Top Spring International Holdings Ltd
1,132 TPV Technology Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
44
44
231
735
106
46
1,579
114
2,076
10
264
235
1,293
66
248
190
10
359
50
11
359
208
183
–
–
0.01
0.04
0.01
–
0.08
0.01
0.10
–
0.01
0.01
0.06
–
0.01
0.01
–
0.02
–
–
0.02
0.01
0.01
195
71
0.01
–
491
227
2,185
131
84
42
1,845
1,201
3,275
0.02
0.01
0.11
0.01
–
–
0.09
0.06
0.16
262
1,190
1,397
7
305
86
61
2,164
241
182
484
334
604
1,259
106
1,756
92
656
692
508
334
632
175
184
23
6
298
0.01
0.06
0.07
–
0.02
–
–
0.11
0.01
0.01
0.02
0.02
0.03
0.06
0.01
0.09
–
0.03
0.03
0.03
0.02
0.03
0.01
0.01
–
–
0.01
Shares (000's)
Common Stock (continued)
China (Hong Kong) – 15.85% (continued)
135 Travelsky Technology Ltd
2,178 Trony Solar Holdings Co Ltd
647 Weiqiao Textile Co
3,006 West China Cement Ltd
82 Winsway Enterprises Holdings Ltd
1,770 Xiamen International Port Co Ltd
1,037 Xingda International Holdings Ltd
740 Xinhua Winshare Publishing and Media Co Ltd
533 Xinjiang Xinxin Mining Industry Co Ltd
2,870 Yanchang Petroleum International Ltd
1,796 Yanzhou Coal Mining Co Ltd
132 Yip's Chemical Holdings Ltd
211 Youyuan International Holdings Ltd
1,500 Yuanda China Holdings Ltd
10,841 Yuexiu Property Co Ltd
1,127 Yuzhou Properties Co Ltd
155 Zhejiang Glass Co Ltd
64 Zhengzhou Coal Mining Machinery Group Co Ltd
905 Zhong An Real Estate Ltd
872 Zoomlion Heavy Industry Science and Technology
Co Ltd
Colombia – 0.32%
5 Almacenes Exito SA
21 Bancolombia SA
8 Bancolombia SA, ADR
31 Cementos Argos SA
40 Constructora Conconcreto SA
7,337 Fabricato SA
66 Grupo Argos SA
126 Grupo de Inversiones Suramericana SA
218 Grupo Nutresa SA
39 Interbolsa SA
Czech Republic – 0.25%
136 CEZ AS
13 Pegas Nonwovens SA
144 Unipetrol AS
Greece – 0.34%
5,745 Alpha Bank AE
1 Bank of Greece
186 Ellaktor SA
105 GEK Terna Holding Real Estate Construction SA
65 Hellenic Petroleum SA
20 Iaso SA
73 Intracom Holdings SA
60 Intralot SA-Integrated Lottery Systems & Services
10 LAMDA Development SA
180 Marfin Investment Group Holdings SA
100 Mytilineos Holdings SA
369 National Bank of Greece SA
38 Sidenor Holdings SA
– Titan Cement Co SA
Hungary – 0.28%
3 Danubius Hotel and Spa PLC
3 FHB Mortgage Bank PLC
16 MOL Hungarian Oil & Gas PLC
296 OTP Bank PLC
Value
(000's)
USD
% of Net
Asset
Value
150
33
383
302
3
493
373
594
109
128
1,529
86
47
94
2,153
262
–
42
142
0.01
–
0.02
0.01
–
0.02
0.02
0.03
0.01
0.01
0.08
–
–
–
0.11
0.01
–
–
0.01
519
0.03
320,087
15.85
62
258
414
129
26
38
603
2,267
2,697
–
–
0.01
0.02
0.01
–
–
0.04
0.11
0.13
–
6,494
0.32
3,769
392
837
0.19
0.02
0.04
4,998
0.25
3,731
14
545
305
363
21
34
88
46
50
737
883
33
12
0.18
–
0.03
0.02
0.02
–
–
–
–
–
0.04
0.05
–
–
6,862
0.34
63
9
777
4,800
–
–
0.04
0.24
5,649
0.28
Annual Report and Audited Financial Statements, 30 November 2014
34
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
India – 9.89%
17 Aarti Industries
24 Aban Offshore Ltd
14
242
601
82
30
14
200
14
1,253
173
93
116
235
9
449
328
826
48
1
50
8
28
54
383
23
197
110
171
201
15
50
1
812
700
120
78
36
106
5
979
115
11
222
44
278
1
177
18
61
65
16
86
42
40
335
65
39
33
205
109
ABG Shipyard Ltd
Adani Enterprises Ltd
Adani Power Ltd
Aditya Birla Nuvo Ltd
Advanta Ltd
Ahmednagar Forgings Ltd
Allahabad Bank
Allcargo Logistics Ltd
Alok Industries Ltd
Amtek Auto Ltd
Amtek India Ltd
Anant Raj Ltd
Andhra Bank
Apar Industries Ltd
Apollo Tyres Ltd
Arvind Ltd
Ashok Leyland Ltd
Ashoka Buildcon Ltd
Atul Ltd
Axis Bank Ltd
Bajaj Finance Ltd
Bajaj Finserv Ltd
Bajaj Holdings & Investment Ltd
Ballarpur Industries Ltd
Balmer Lawrie & Co Ltd
Balrampur Chini Mills Ltd
Bank of Baroda
Bank of India
Bank of Maharashtra
BEML Ltd
BGR Energy Systems Ltd
Bharat Electronics Ltd
Bharat Heavy Electricals Ltd
Bharti Airtel Ltd
Bhushan Steel Ltd
Biocon Ltd
Birla Corp Ltd
Bombay Dyeing & Manufacturing Co Ltd
Brigade Enterprises Ltd
Cairn India Ltd
Canara Bank
Ceat Ltd
Central Bank of India
Century Textiles & Industries Ltd
Chambal Fertilizers & Chemicals Ltd
Cholamandalam Investment and Finance Co Ltd
City Union Bank Ltd
Claris Lifesciences Ltd
Corp Bank
Cox & Kings Ltd
Crompton Greaves Ltd
Cyient Ltd
Dalmia Bharat Ltd
DB Realty Ltd
DCB Bank Ltd
DCM Shriram Ltd
Deepak Fertilisers & Petrochemicals Corp Ltd
DEN Networks Ltd
Dena Bank
Dewan Housing Finance Corp Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
81
214
–
0.01
51
1,788
442
2,375
176
88
391
75
211
597
132
97
326
58
1,657
1,474
700
107
17
389
416
515
1,246
103
232
190
1,926
794
142
169
117
34
3,692
4,297
187
573
268
118
12
4,103
765
155
278
382
296
4
265
53
318
308
48
714
339
41
569
171
82
81
198
714
–
0.09
0.02
0.12
0.01
–
0.02
–
0.01
0.03
0.01
–
0.02
–
0.08
0.07
0.03
0.01
–
0.02
0.02
0.03
0.06
0.01
0.01
0.01
0.10
0.04
0.01
0.01
0.01
–
0.18
0.21
0.01
0.03
0.01
0.01
–
0.20
0.04
0.01
0.01
0.02
0.01
–
0.01
–
0.02
0.02
–
0.04
0.02
–
0.03
0.01
–
–
0.01
0.04
Shares (000's)
Common Stock (continued)
India – 9.89% (continued)
35 Dishman Pharmaceuticals & Chemicals Ltd
546 DLF Ltd
3 Dredging Corp Of India Ltd
309 Edelweiss Financial Services Ltd
– Eicher Motors Ltd
107 EID Parry India Ltd
106 EIH Ltd
24 Electrosteel Castings Ltd
74 Era Infra Engineering Ltd
13 Eros International Media Ltd
53 Escorts Ltd
9 Ess Dee Aluminium Ltd
222 Essar Ports Ltd
91 Essel Propack Ltd
3 FDC Ltd
1,195 Federal Bank Ltd
101 Finolex Cables Ltd
62 Finolex Industries Ltd
210 Firstsource Solutions Ltd
71 Fortis Healthcare Ltd
93 Future Consumer Enterprise Ltd
50 Future Retail Ltd
433 GAIL India Ltd
8 Gateway Distriparks Ltd
24 Gati Ltd
102 Graphite India Ltd
31 Grasim Industries Ltd
111 Great Eastern Shipping Co Ltd
52 Gujarat Alkalies & Chemicals Ltd
37 Gujarat Fluorochemicals Ltd
74 Gujarat Mineral Development Corp Ltd
76 Gujarat Narmada Valley Fertilizers & Chemicals Ltd
109 Gujarat State Fertilisers & Chemicals Ltd
272 Gujarat State Petronet Ltd
5 Gulf Oil Corp Ltd
13 Gulf Oil Lubricants India Ltd
48 HCL Infosystems Ltd
21 HEG Ltd
85 HeidelbergCement India Ltd
36 Hexa Tradex Ltd
1,724 Hindalco Industries Ltd
6 Hinduja Global Solutions Ltd
333 Hindustan Construction Co Ltd
139 Hotel Leela Venture Ltd
25 HSIL Ltd
58 HT Media Ltd
662 ICICI Bank Ltd
442 IDBI Bank Ltd
231 Idea Cellular Ltd
1,569 IDFC Ltd
1,176 IFCI Ltd
294 IIFL Holdings Ltd
54 IL&FS Transportation Networks Ltd
377 India Cements Ltd
368 Indiabulls Housing Finance Ltd
227 Indiabulls Real Estate Ltd
137 Indian Bank
444 Indian Hotels Co Ltd
182 Indian Overseas Bank
63 ING Vysya Bank Ltd
3 Ingersoll-Rand India Ltd
95 Intellect Design Arena Ltd
445 Jain Irrigation Systems Ltd
Value
(000's)
USD
% of Net
Asset
Value
78
1,303
24
267
103
371
188
8
7
73
118
55
343
185
6
2,938
429
278
118
120
16
67
3,403
38
111
140
1,786
716
160
443
159
108
181
494
12
96
52
88
119
13
4,833
65
165
52
148
105
18,711
516
591
4,043
756
847
161
579
2,678
299
420
797
169
835
45
73
607
–
0.07
–
0.01
0.01
0.02
0.01
–
–
–
0.01
–
0.02
0.01
–
0.15
0.02
0.01
0.01
0.01
–
–
0.17
–
0.01
0.01
0.09
0.04
0.01
0.02
0.01
0.01
0.01
0.02
–
–
–
–
0.01
–
0.24
–
0.01
–
0.01
0.01
0.93
0.03
0.03
0.20
0.04
0.04
0.01
0.03
0.13
0.01
0.02
0.04
0.01
0.04
–
–
0.03
Annual Report and Audited Financial Statements, 30 November 2014
35
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
India – 9.89% (continued)
449 Jammu & Kashmir Bank Ltd
384 Jaypee Infratech Ltd
27 JB Chemicals & Pharmaceuticals Ltd
23 JBF Industries Ltd
22 Jindal Poly Films Ltd
5 Jindal Poly Investment & Finance Co Ltd
184 Jindal Saw Ltd
40 Jindal Stainless Ltd
498 Jindal Steel & Power Ltd
30 JK Cement Ltd
64 JK Lakshmi Cement Ltd
18 JK Tyre & Industries Ltd
466 JM Financial Ltd
895 JSW Energy Ltd
188 JSW Steel Ltd
68 Jubilant Life Sciences Ltd
58 Kalpataru Power Transmission Ltd
204 Karnataka Bank Ltd
58 Karur Vysya Bank Ltd
88 KEC International Ltd
63 Kesoram Industries Ltd
35 Kirloskar Oil Engines Ltd
24 KPIT Technologies Ltd
34 KRBL Ltd
99 Lakshmi Vilas Bank Ltd
399 LIC Housing Finance Ltd
65 Magma Fincorp Ltd
26 Maharashtra Seamless Ltd
26 Mahindra Lifespace Developers Ltd
43 Man Infraconstruction Ltd
6 Manaksia Ltd
13 Max India Ltd
44 McLeod Russel India Ltd
213 Mercator Ltd
3 Merck Ltd
52 MOIL Ltd
5 Monnet Ispat & Energy Ltd
40 Mphasis Ltd
– MRF Ltd
113 Muthoot Finance Ltd
191 Nagarjuna Fertilizers and Chemicals
719 National Aluminium Co Ltd
35 Nava Bharat Ventures Ltd
640 NCC Ltd
73 NIIT Ltd
53 NIIT Technologies Ltd
47 Noida Toll Bridge Co Ltd
23 Oberoi Realty Ltd
44 OCL India Ltd
84 Omaxe Ltd
1 Oracle Financial Services Software Ltd
116 Orient Cement Ltd
52 Orient Paper & Industries Ltd
122 Oriental Bank of Commerce
19 Oswal Chemicals & Fertilizers Ltd
62 Parsvnath Developers Ltd
33 PC Jeweller Ltd
150 Petronet LNG Ltd
105 Piramal Enterprises Ltd
15 Plethico Pharmaceuticals Ltd
95 Polaris Consulting & Services Ltd
594 Power Finance Corp Ltd
9 Prakash Industries Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
997
131
93
80
104
9
327
20
1,129
303
403
191
380
1,362
3,635
147
171
475
502
143
109
158
64
53
133
2,725
112
124
214
22
12
74
175
96
34
265
6
263
178
356
6
701
117
691
62
323
25
99
233
172
43
280
25
599
9
19
129
476
1,384
9
309
2,961
8
0.05
0.01
–
–
0.01
–
0.02
–
0.06
0.02
0.02
0.01
0.02
0.07
0.18
0.01
0.01
0.02
0.02
0.01
0.01
0.01
–
–
0.01
0.13
0.01
0.01
0.01
–
–
–
0.01
–
–
0.01
–
0.01
0.01
0.02
–
0.03
0.01
0.03
–
0.02
–
–
0.01
0.01
–
0.01
–
0.03
–
–
0.01
0.02
0.07
–
0.02
0.15
–
Shares (000's)
Common Stock (continued)
India – 9.89% (continued)
243 PTC India Financial Services Ltd
408 PTC India Ltd
369 Punj Lloyd Ltd
21 Punjab & Sind Bank
12 Punjab National Bank
41 Puravankara Projects Ltd
145 Rain Industries Ltd
83 Rajesh Exports Ltd
2 Ratnamani Metals & Tubes Ltd
798 RattanIndia Infrastructure Ltd
65 Raymond Ltd
114 Redington India Ltd
699 REI Agro Ltd
218 Reliance Capital Ltd
749 Reliance Communications Ltd
2,069 Reliance Industries Ltd
23 Reliance Industries Ltd, GDR
839 Reliance Power Ltd
194 Rolta India Ltd
156 Ruchi Soya Industries Ltd
670 Rural Electrification Corp Ltd
628 Sesa Sterlite Ltd
306 Sesa Sterlite Ltd, ADR
169 Shipping Corp of India Ltd
397 Shree Renuka Sugars Ltd
27 Shrenuj & Co Ltd
22 Shriram Transport Finance Co Ltd
3 Simplex Infrastructures Ltd
341 Sintex Industries Ltd
67 Sobha Ltd
973 South Indian Bank Ltd
464 Srei Infrastructure Finance Ltd
26 SRF Ltd
20 State Bank of Bikaner & Jaipur
1,528 State Bank of India
7 State Bank of India, GDR
9 State Bank of Travancore
196 Sterlite Technologies Ltd
42 Sundram Fasteners Ltd
240 Syndicate Bank
36 Tamil Nadu Newsprint & Papers Ltd
139 Tata Chemicals Ltd
63 Tata Communications Ltd
472 Tata Global Beverages Ltd
840 Tata Motors Ltd
667 Tata Steel Ltd
7 Techno Electric & Engineering Co Ltd
92 Time Technoplast Ltd
11 Transport Corp of India Ltd
45 Tube Investments of India Ltd
602 TV18 Broadcast Ltd
265 UCO Bank
54 Uflex Ltd
41 Unichem Laboratories Ltd
222 Union Bank of India
428 UPL Ltd
207 Usha Martin Ltd
4 Uttam Galva Steels Ltd
35 Vardhman Textiles Ltd
96 Videocon Industries Ltd
251 Vijaya Bank
38 Voltas Ltd
220 Welspun Corp Ltd
Value
(000's)
USD
% of Net
Asset
Value
219
644
216
21
203
61
116
223
20
45
507
222
22
1,838
1,240
32,957
725
914
334
94
3,625
2,333
4,504
169
108
23
381
15
514
534
432
353
375
199
7,934
339
70
217
127
505
78
979
464
1,225
7,196
5,083
40
78
51
238
290
378
145
148
770
2,371
92
5
237
248
207
165
264
0.01
0.03
0.01
–
0.01
–
0.01
0.01
–
–
0.03
0.01
–
0.09
0.06
1.63
0.04
0.05
0.02
–
0.18
0.12
0.22
0.01
0.01
–
0.02
–
0.03
0.03
0.02
0.02
0.02
0.01
0.39
0.02
–
0.01
0.01
0.03
–
0.05
0.02
0.06
0.36
0.25
–
–
–
0.01
0.01
0.02
0.01
0.01
0.04
0.12
–
–
0.01
0.01
0.01
0.01
0.01
Annual Report and Audited Financial Statements, 30 November 2014
36
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
India – 9.89% (continued)
11 Welspun Enterprises Ltd
14 Welspun India Ltd
35 Wockhardt Ltd
109 Yes Bank Ltd
8 Zensar Technologies Ltd
12 Zuari Agro Chemicals Ltd
Indonesia – 2.78%
24,659 Adaro Energy Tbk PT
10,348 Agung Podomoro Land Tbk PT
14,325 Alam Sutera Realty Tbk PT
7,079 Aneka Tambang Persero Tbk PT
150 Asahimas Flat Glass Tbk PT
68 Astra Otoparts Tbk PT
129,765 Bakrie and Brothers Tbk PT
18,732 Bakrie Sumatera Plantations Tbk PT
51,916 Bakrie Telecom Tbk PT
67,725 Bakrieland Development Tbk PT
6,283 Bank Bukopin Tbk PT
5,074 Bank Danamon Indonesia Tbk PT
12,043 Bank Mandiri Persero Tbk PT
10,737 Bank Negara Indonesia Persero Tbk PT
7,177 Bank Pan Indonesia Tbk PT
4,022 Bank Pembangunan Daerah Jawa Barat Dan
Banten Tbk PT
2,221 Bank Pembangunan Daerah Jawa Timur Tbk PT
78 Bank Permata Tbk PT
6,839 Bank Tabungan Negara Persero Tbk PT
5,822 Barito Pacific Tbk PT
4,116 Bekasi Fajar Industrial Estate Tbk PT
26,484 Benakat Integra Tbk PT
19,202 Berlian Laju Tanker Tbk PT
17 BFI Finance Indonesia Tbk PT
2,760 BISI International Tbk PT
3,902 Borneo Lumbung Energi & Metal Tbk PT
1,530 Budi Starch & Sweetener Tbk PT
2,118 Bumi Resources Minerals Tbk PT
5,246 Bumi Serpong Damai Tbk PT
1,954 BW Plantation Tbk PT
2,831 Central Omega Resources Tbk PT
6,875 Central Proteinaprima Tbk PT
16,109 Ciputra Development Tbk PT
5,243 Ciputra Property Tbk PT
1,476 Ciputra Surya Tbk PT
4,177 Clipan Finance Indonesia Tbk PT
26,442 Darma Henwa Tbk PT
4,801 Davomas Abadi Tbk PT
3,701 Delta Dunia Makmur Tbk PT
5,282 Elnusa Tbk PT
64,800 Energi Mega Persada Tbk PT
1,151 Erajaya Swasembada Tbk PT
2,945 Gajah Tunggal Tbk PT
10,386 Garuda Indonesia Persero Tbk PT
10,718 Global Mediacom Tbk PT
1,137 Harum Energy Tbk PT
159 Hexindo Adiperkasa Tbk PT
3,028 Holcim Indonesia Tbk PT
5,491 Indah Kiat Pulp & Paper Corp Tbk PT
3,602 Indika Energy Tbk PT
252 Indo Tambangraya Megah Tbk PT
7,324 Indofood Sukses Makmur Tbk PT
418 Inovisi Infracom Tbk PT
9,644 Intiland Development Tbk PT
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
62
82
481
1,252
79
50
–
–
0.02
0.06
–
–
199,661
9.89
2,181
305
650
566
91
21
532
77
162
277
394
1,725
10,362
5,279
679
0.11
0.02
0.03
0.03
–
–
0.03
–
0.01
0.01
0.02
0.10
0.52
0.26
0.03
262
82
10
630
146
255
282
–
3
119
16
13
62
761
73
92
42
1,723
357
340
153
108
–
56
288
542
113
315
416
1,410
156
46
564
524
165
393
4,006
17
510
0.01
–
–
0.03
0.01
0.01
0.01
–
–
0.01
–
–
–
0.04
–
–
–
0.09
0.02
0.02
0.01
0.01
–
–
0.01
0.04
0.01
0.02
0.02
0.07
0.01
–
0.03
0.03
0.01
0.02
0.20
–
0.03
Shares (000's)
Common Stock (continued)
Indonesia – 2.78% (continued)
267 Jakarta International Hotel & Development Tbk PT
2,384 Japfa Comfeed Indonesia Tbk PT
2,270 Jaya Real Property Tbk PT
34,936 Kawasan Industri Jababeka Tbk PT
2,711 Krakatau Steel Persero Tbk PT
277 Lippo Cikarang Tbk PT
26,184 Lippo Karawaci Tbk PT
1,530 Matahari Putra Prima Tbk PT
3,156 Medco Energi Internasional Tbk PT
47,466 MNC Investama Tbk PT
749 MNC Land Tbk PT
10,432 Modernland Realty Tbk PT
7,697 Multipolar Tbk PT
1,126 Multistrada Arah Sarana Tbk PT
13,605 Nusantara Infrastructure Tbk PT
588 Pabrik Kertas Tjiwi Kimia Tbk PT
1,703 Pan Brothers Tbk PT
12,240 Panin Financial Tbk PT
1,393 Paninvest Tbk PT
5,587 Perusahaan Perkebunan London Sumatra
Indonesia Tbk PT
318 Petrosea Tbk PT
5,439 Ramayana Lestari Sentosa Tbk PT
4,494 Salim Ivomas Pratama Tbk PT
1,292 Sampoerna Agro PT
2,022 Semen Baturaja Persero TbK PT
2,149 Sigmagold Inti Perkasa Tbk PT
61 Sinar Mas Multiartha Tbk PT
7,983 Sri Rejeki Isman Tbk PT
5,751 Surya Semesta Internusa Tbk PT
2,980 Tiga Pilar Sejahtera Food Tbk
6,373 Timah Persero Tbk PT
19,343 Truba Alam Manunggal Engineering PT
3,823 Tunas Baru Lampung Tbk PT
3,675 Tunas Ridean Tbk PT
2,406 United Tractors Tbk PT
3,233 Vale Indonesia Tbk PT
5,964 Visi Media Asia Tbk PT
250 Wintermar Offshore Marine Tbk PT
218 XL Axiata Tbk PT
Israel – 0.00%
– Electra Real Estate Ltd
– Formula Vision Technologies Ltd
Korea, Republic of – 14.85%
3 Asia Cement Co Ltd
1 ASIA Holdings Co Ltd
6 Asia Paper Manufacturing Co Ltd
3 AtlasBX Co Ltd
68 AUK Corp
3 Bookook Securities Co Ltd
368 BS Financial Group Inc
– BYC Co Ltd
1 Celltrion Pharm Inc
84 China Great Star International Ltd
78 China Ocean Resources Co Ltd
1 Chosun Refractories Co Ltd
47 CJ Hellovision Co Ltd
2 Cosmochemical Co Ltd
31 Dae Dong Industrial Co Ltd
2 Dae Han Flour Mills Co Ltd
16 Dae Won Kang Up Co Ltd
Value
(000's)
USD
% of Net
Asset
Value
23
224
190
899
102
230
2,489
402
966
1,186
76
445
577
39
225
44
64
300
86
–
0.01
0.01
0.04
0.01
0.01
0.12
0.02
0.05
0.06
–
0.02
0.03
–
0.01
–
–
0.01
–
909
27
372
276
241
63
82
14
112
450
554
640
17
251
184
3,607
1,056
224
22
91
0.05
–
0.02
0.01
0.01
–
–
–
0.01
0.02
0.03
0.03
–
0.01
0.01
0.18
0.05
0.01
–
–
56,110
2.78
–
–
–
–
–
–
304
194
127
109
98
34
5,215
9
9
190
324
136
458
10
274
339
91
0.02
0.01
0.01
0.01
–
–
0.26
–
–
0.01
0.02
0.01
0.02
–
0.01
0.02
–
Annual Report and Audited Financial Statements, 30 November 2014
37
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Korea, Republic of – 14.85% (continued)
108 Dae Young Packaging Co Ltd
8 Dae-Il Corp
9 Daechang Co Ltd
35 Daeduck Electronics Co
17 Daeduck GDS Co Ltd
6 Daegu Department Store
19 Daehan Steel Co Ltd
54 Daekyo Co Ltd
34 Daelim Industrial Co Ltd
20 Daesang Holdings Co Ltd
11 Daesung Holdings Co Ltd
77 Daewoo Engineering & Construction Co Ltd
197 Daewoo Securities Co Ltd
142 Daewoo Shipbuilding & Marine Engineering Co Ltd
1 Dahaam E-Tec Co Ltd
32 Daishin Securities Co Ltd
21 Daou Data Corp
45 Daou Technology Inc
25 Dasan Networks Inc
244 DGB Financial Group Inc
8 DK UIL Co Ltd
16 Dong Ah Tire & Rubber Co Ltd
35 Dong Yang Gang Chul Co Ltd
7 Dong-Ah Geological Engineering Co Ltd
2 Dong-Il Corp
30 Dongbang Transport Logistics Co Ltd
42 Dongbu Securities Co Ltd
3 Dongil Industries Co Ltd
34 Dongkook Industrial Co Ltd
23 Dongkuk Industries Co Ltd
90 Dongkuk Steel Mill Co Ltd
21 Dongwha Pharm Co Ltd
2 Dongyang E&P Inc
26 Dongyang Mechatronics Corp
2 Doosan Engineering & Construction Co Ltd
82 Doosan Heavy Industries & Construction Co Ltd
218 Doosan Infracore Co Ltd
13 DRB Holding Co Ltd
3 e-LITECOM Co Ltd
27 E-Mart Co Ltd
56 Eugene Corp
150 Eugene Investment & Securities Co Ltd
9 EVERDIGM Corp
2 Fursys Inc
2 Gaon Cable Co Ltd
6 Global & Yuasa Battery Co Ltd
5 Global Display Co Ltd
53 GS Engineering & Construction Corp
9 GS Global Corp
62 GS Holdings Corp
1 Gwangju Shinsegae Co Ltd
9 Halla Holdings Corp
20 Han Kuk Carbon Co Ltd
326 Hana Financial Group Inc
– Handok Inc
16 Handsome Co Ltd
6 Hanil Cement Co Ltd
26 Hanjin Heavy Industries & Construction Holdings
Co Ltd
70 Hanjin Kal Corp
15 Hanjin Transportation Co Ltd
1 Hankuk Glass Industries Inc
6 Hankuk Paper Manufacturing Co Ltd
71 Hansol Paper Co
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
90
39
7
292
172
86
99
350
2,044
301
110
434
1,927
2,459
2
278
122
480
152
2,567
86
269
72
46
119
47
147
164
79
84
510
112
14
179
23
1,924
2,042
147
27
5,308
147
274
66
58
54
231
25
1,290
71
2,341
185
630
106
9,956
6
435
768
–
–
–
0.01
0.01
–
–
0.02
0.10
0.01
0.01
0.02
0.10
0.13
–
0.01
0.01
0.02
0.01
0.14
–
0.01
–
–
0.01
–
0.01
0.01
–
–
0.04
0.01
–
0.01
–
0.11
0.11
0.01
–
0.27
0.01
0.01
–
–
–
0.01
–
0.07
–
0.13
0.01
0.03
0.01
0.50
–
0.02
0.04
207
1,834
662
33
167
620
0.01
0.09
0.03
–
0.01
0.03
Value
(000's)
USD
% of Net
Asset
Value
Shares (000's)
Common Stock (continued)
Korea, Republic of – 14.85% (continued)
153 Hanwha Chemical Corp
1,736
62 Hanwha Investment & Securities Co Ltd
218
240 Hanwha Life Insurance Co Ltd
1,824
18 Hanyang Securities Co Ltd
110
69 Heung-A Shipping Co Ltd
137
14 Hitejinro Holdings Co Ltd
164
28 HMC Investment Securities Co Ltd
281
7 HS R&A Co Ltd
197
15 Humax Co Ltd
163
8 Husteel Co Ltd
133
11 Hwa Shin Co Ltd
85
1 Hwacheon Machine Tool Co Ltd
41
9 HwaSung Industrial Co Ltd
89
44 Hyosung Corp
2,779
19 Hyundai BNG Steel Co Ltd
288
22 Hyundai Department Store Co Ltd
2,568
39 Hyundai Development Co-Engineering &
Construction
1,245
19 Hyundai Engineering & Construction Co Ltd
757
42 Hyundai Heavy Industries Co Ltd
4,714
38 Hyundai Hy Communications & Networks Co Ltd
157
10 Hyundai Mipo Dockyard Co Ltd
692
175 Hyundai Motor Co
28,265
36 Hyundai Securities Co Ltd
235
98 Hyundai Steel Co
5,646
15 Il Dong Pharmaceutical Co Ltd
207
30 Iljin Electric Co Ltd
204
12 Iljin Holdings Co Ltd
67
3 Ilshin Spinning Co Ltd
414
2 Ilsung Pharmaceuticals Co Ltd
149
271 Industrial Bank of Korea
3,678
10 Insun ENT Co Ltd
30
10 Interflex Co Ltd
94
3 Intergis Co Ltd
20
10 INTOPS Co Ltd
128
10 Inzi Controls Co Ltd
45
22 INZI Display Co Ltd
38
17 ISU Chemical Co Ltd
154
29 IsuPetasys Co Ltd
111
11 Jahwa Electronics Co Ltd
116
153 JB Financial Group Co Ltd
833
3 Jeil Pharmaceutical Co
58
6 KB Capital Co Ltd
97
222 KB Financial Group Inc
7,799
239 KB Financial Group Inc, ADR
8,328
29 KC Tech Co Ltd
212
4 KCC Corp
1,832
14 Keangnam Enterprises Ltd
53
38 Keyang Electric Machinery Co Ltd
143
12 KG Chemical Corp
194
112 Kia Motors Corp
5,620
3 KISCO Corp
100
2 KISCO Holdings Co Ltd
90
15 Kishin Corp
97
9 KISWIRE Ltd
459
6 Kolon Corp
111
28 Kolon Industries Inc
1,196
1 Korea Airport Service Co Ltd
21
1 Korea Cast Iron Pipe Industries Co Ltd
6
2 Korea Circuit Co Ltd
13
9 Korea Electric Terminal Co Ltd
471
5 Korea Flange Co Ltd
82
68 Korea Investment Holdings Co Ltd
3,492
5 Korea Petrochemical Ind Co Ltd
374
Annual Report and Audited Financial Statements, 30 November 2014
0.10
0.01
0.10
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
–
–
0.15
0.01
0.13
0.06
0.04
0.23
0.01
0.03
1.41
0.01
0.28
0.01
0.01
–
0.02
0.01
0.18
–
–
–
0.01
–
–
0.01
0.01
0.01
0.04
–
–
0.39
0.41
0.01
0.09
–
0.01
0.01
0.28
–
–
–
0.02
0.01
0.06
–
–
–
0.02
–
0.17
0.02
38
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Korea, Republic of – 14.85% (continued)
112 Korean Reinsurance Co
6 Kortek Corp
2 KPX Chemical Co Ltd
4 KSS LINE Ltd
22 KTB Investment & Securities Co Ltd
29 Ktis Corp
5 Kukdo Chemical Co Ltd
6 Kunsul Chemical Industrial Co Ltd
29 Kwangju Bank
2 Kyeryong Construction Industrial Co Ltd
8 Kyobo Securities Co Ltd
45 Kyongnam Bank
20 Kyung-In Synthetic Corp
1 Kyungbang Ltd
19 LF Corp
141 LG Corp
86 LG Display Co Ltd
352 LG Display Co Ltd, ADR
164 LG Electronics Inc
41 LG International Corp
106 LG Uplus Corp
21 Lotte Chemical Corp
1 Lotte Chilsung Beverage Co Ltd
1 Lotte Confectionery Co Ltd
2 LOTTE Himart Co Ltd
9 Lotte Non-Life Insurance Co Ltd
20 Lotte Shopping Co Ltd
26 LS Corp
3 MegaStudy Co Ltd
5 Melfas Inc
21 Meritz Financial Group Inc
199 Meritz Securities Co Ltd
1 Mi Chang Oil Industrial Co Ltd
39 Mirae Asset Securities Co Ltd
1 MK Electron Co Ltd
6 MNTech Co Ltd
44 Moorim P&P Co Ltd
34 Moorim Paper Co Ltd
7 Motonic Corp
1 Namyang Dairy Products Co Ltd
5 Neowiz Holdings Corp
16 NEPES Corp
3 Nexen Corp
23 NH Investment & Securities Co Ltd
3 Nong Shim Holdings Co Ltd
1 NongShim Co Ltd
25 OCI Co Ltd
6 Opto Device Technology Co Ltd
10 Paik Kwang Industrial Co Ltd
31 POSCO
3 POSCO Coated & Color Steel Co Ltd
235 POSCO, ADR
15 Pyeong Hwa Automotive Co Ltd
44 S&T Dynamics Co Ltd
13 S&T Holdings Co Ltd
14 S&T Motiv Co Ltd
4 S-MAC Co Ltd
19 S-Oil Corp
1 Sajo Industries Co Ltd
17 Sam Young Electronics Co Ltd
12 SAMHWA Paints Industrial Co Ltd
116 Samsung C&T Corp
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
1,148
59
131
48
40
95
222
215
262
21
70
518
84
125
559
8,313
2,633
5,387
9,425
1,044
1,042
3,397
1,829
2,103
126
25
5,309
1,447
151
24
175
732
39
1,766
5
33
183
70
77
300
67
102
219
166
310
281
1,918
43
22
8,341
43
15,975
255
365
231
535
14
739
52
179
123
7,510
0.06
–
0.01
–
–
–
0.01
0.01
0.01
–
–
0.03
–
0.01
0.03
0.41
0.13
0.27
0.47
0.05
0.05
0.17
0.09
0.10
0.01
–
0.26
0.07
0.01
–
0.01
0.04
–
0.09
–
–
0.01
–
–
0.01
–
0.01
0.01
0.01
0.02
0.01
0.09
–
–
0.41
–
0.79
0.01
0.02
0.01
0.03
–
0.04
–
0.01
0.01
0.37
Shares (000's)
Common Stock (continued)
Korea, Republic of – 14.85% (continued)
41 Samsung Card Co Ltd
65 Samsung Electro-Mechanics Co Ltd
81 Samsung Heavy Industries Co Ltd
13 Samsung Life Insurance Co Ltd
38 Samsung SDI Co Ltd
31 Samsung Securities Co Ltd
2 Samyang Genex Co Ltd
8 Samyang Holdings Corp
29 Samyoung Chemical Co Ltd
1 Savezone I&C Corp
46 SBS Media Holdings Co Ltd
21 Seah Besteel Corp
1 SeAH Holdings Corp
4 SeAH Steel Corp
19 Sebang Co Ltd
12 Sejong Industrial Co Ltd
1 Sempio Foods Co
102 Seohee Construction Co Ltd
3 Sewon Precision Industry Co Ltd
11 Shin Poong Pharmaceutical Co Ltd
361 Shinhan Financial Group Co Ltd
191 Shinhan Financial Group Co Ltd, ADR
10 Shinsegae Co Ltd
1 Shinsegae Information & Communication Co Ltd
71 Shinsung Solar Energy Co Ltd
110 Shinsung Tongsang Co Ltd
25 Shinwon Corp
5 Shinyoung Securities Co Ltd
8 Silla Co Ltd
6 SIMPAC Inc
7 Sindoh Co Ltd
122 SK Broadband Co Ltd
24 SK Chemicals Co Ltd
7 SK Gas Ltd
48 SK Holdings Co Ltd
66 SK Innovation Co Ltd
148 SK Networks Co Ltd
24 SKC Co Ltd
16 SL Corp
7 Songwon Industrial Co Ltd
4 Soulbrain Co Ltd
40 Ssangyong Cement Industrial Co Ltd
29 STX Engine Co Ltd
4 Sun Kwang Co Ltd
7 Sung Kwang Bend Co Ltd
3 Sungchang Enterprise Holdings Ltd
17 Sungshin Cement Co Ltd
44 Sungwoo Hitech Co Ltd
16 Synopex Inc
21 Tae Kyung Industrial Co Ltd
1 Taekwang Industrial Co Ltd
14 Taewoong Co Ltd
68 Taeyoung Engineering & Construction Co Ltd
23 Tailim Packaging Industrial Co Ltd
6 TCC Steel
61 TK Chemical Corp
10 Tong Yang Moolsan Co Ltd
33 Tongyang Life Insurance
11 Top Engineering Co Ltd
6 TS Corp
7 Ubiquoss Inc
3 Uju Electronics Co Ltd
5 Unid Co Ltd
Value
(000's)
USD
% of Net
Asset
Value
1,784
3,542
1,589
1,401
4,519
1,388
149
673
44
4
185
626
190
282
330
159
15
66
76
45
16,142
8,502
1,708
68
69
130
58
279
139
29
473
474
1,441
680
7,389
5,091
1,259
575
257
48
112
372
69
64
103
45
122
564
21
116
676
204
276
48
15
103
71
344
41
159
48
39
279
0.09
0.18
0.08
0.07
0.22
0.07
0.01
0.03
–
–
0.01
0.03
0.01
0.01
0.02
0.01
–
–
–
–
0.80
0.42
0.08
–
–
0.01
–
0.01
0.01
–
0.02
0.02
0.07
0.03
0.37
0.25
0.06
0.03
0.01
–
0.01
0.02
–
–
0.01
–
0.01
0.03
–
0.01
0.03
0.01
0.01
–
–
0.01
–
0.02
–
0.01
–
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
39
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Korea, Republic of – 14.85% (continued)
6 Union Steel
77 WillBes & Co
14 Woongjin Thinkbig Co Ltd
333 Woori Bank
140 Woori Investment & Securities Co Ltd
24 WooSung Feed Co Ltd
3 YESCO Co Ltd
12 Yoosung Enterprise Co Ltd
15 Youlchon Chemical Co Ltd
1 Young Poong Corp
13 Young Poong Precision Corp
1 YuHwa Securities Co Ltd
Malaysia – 4.11%
26 Adventa Bhd
992 Affin Holdings Bhd
2,562 AirAsia Bhd
339 Alam Maritim Resources Bhd
1,611 Alliance Financial Group Bhd
8 Allianz Malaysia Bhd
2,695 AMMB Holdings Bhd
301 Ann Joo Resources Bhd
138 APM Automotive Holdings Bhd
229 Batu Kawan Bhd
389 Benalec Holdings Bhd
283 Berjaya Assets Bhd
4,941 Berjaya Corp Bhd
544 Berjaya Land Bhd
157 BIMB Holdings Bhd
616 Boustead Holdings Bhd
148 Boustead Plantations Bhd
483 Cahya Mata Sarawak Bhd
102 Can-One Bhd
85 CB Industrial Product Holding Bhd
20 Chin Teck Plantations Bhd
82 Chin Well Holdings Bhd
3,308 CIMB Group Holdings Bhd
195 Coastal Contracts Bhd
91 Crescendo Corp Bhd
287 CSC Steel Holdings Bhd
97 Daiman Development Bhd
686 Daya Materials Bhd
1,748 DRB-Hicom Bhd
458 Eastern & Oriental Bhd
237 ECM Libra Financial Group Bhd
290 Evergreen Fibreboard Bhd
125 Eversendai Corp Bhd
389 Faber Group Bhd
295 Fountain View Development Bhd
173 Gadang Holdings Bhd
2,095 Genting Bhd
4,399 Genting Malaysia Bhd
28 George Kent Malaysia Bhd
636 Glomac Bhd
127 Goldis Bhd
180 GuocoLand Malaysia Bhd
727 HAP Seng Consolidated Bhd
390 Hap Seng Plantations Holdings Bhd
200 Hiap Teck Venture Bhd
393 Hong Leong Financial Group Bhd
119 Hong Leong Industries Bhd
206 Hua Yang Bhd
129 Hume Industries Bhd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
54
84
107
3,219
1,494
62
101
65
163
663
107
11
–
–
0.01
0.16
0.07
–
0.01
–
0.01
0.03
0.01
–
299,778
14.85
7
921
1,953
77
2,309
28
5,258
105
220
1,250
84
73
679
126
194
885
67
658
77
54
57
38
5,690
181
73
94
87
44
935
345
70
50
26
299
–
79
5,679
5,436
11
198
99
73
1,059
288
40
2,034
159
132
138
–
0.05
0.10
–
0.11
–
0.26
0.01
0.01
0.06
–
–
0.03
0.01
0.01
0.04
–
0.03
–
–
–
–
0.29
0.01
–
–
–
–
0.05
0.02
–
–
–
0.01
–
–
0.29
0.28
–
0.01
–
–
0.05
0.01
–
0.10
0.01
0.01
0.01
Value
(000's)
USD
% of Net
Asset
Value
Shares (000's)
Common Stock (continued)
Malaysia – 4.11% (continued)
106 Hwang Capital Malaysia Bhd
61
2,388 IJM Corp Bhd
4,765
784 IJM Land Bhd
770
82 IJM Plantations Bhd
87
117 Inch Kenneth Kajang Rubber
27
15 Integrax Bhd
10
1,824 Iris Corp Bhd
167
206 Iskandar Waterfront City Bhd
80
536 JAKS Resources Bhd
88
471 Jaya Tiasa Holdings Bhd
266
984 JCY International Bhd
163
769 Karambunai Corp Bhd
16
392 Keck Seng Malaysia Bhd
685
459 Kian JOO CAN Factory Bhd
413
103 Kim Loong Resources Bhd
83
182 Kimlun Corp Bhd
71
2,251 KNM Group Bhd
373
233 Kretam Holdings Bhd
33
360 KSL Holdings Bhd
483
701 Kulim Malaysia Bhd
704
218 Kumpulan Fima Bhd
127
363 Kumpulan Perangsang Selangor Bhd
155
19 Kwantas Corp Bhd
11
869 Land & General Bhd
148
299 Landmarks Bhd
97
351 LBS Bina Group Bhd
171
213 Lion Industries Corp Bhd
35
1,394 Magnum Bhd
1,195
745 Mah Sing Group Bhd
502
350 Malayan Flour Mills Bhd
178
653 Malaysia Airports Holdings Bhd
1,328
1,086 Malaysia Building Society Bhd
818
70 Malaysia Marine and Heavy Engineering Holdings
Bhd
36
182 Malaysian Airline System Bhd
14
81 Malaysian Pacific Industries Bhd
117
733 Malaysian Resources Corp Bhd
314
164 Malton Bhd
50
281 MBM Resources Bhd
231
639 Media Prima Bhd
363
68 Mega First Corp Bhd
49
12 MHC Plantations Bhd
4
1,176 MISC Bhd
2,539
206 MK Land Holdings Bhd
27
334 MKH Bhd
306
1,513 MMC Corp Bhd
1,051
147 MNRB Holdings Bhd
182
371 Mudajaya Group Bhd
200
39 Muhibbah Engineering M Bhd
27
202 Naim Holdings Bhd
191
82 NCB Holdings Bhd
62
450 Oriental Holdings Bhd
957
387 OSK Holdings Bhd
254
58 Pacific & Orient Bhd
23
7 Panasonic Manufacturing Malaysia Bhd
36
384 Pantech Group Holdings Bhd
100
131 Paramount Corp Bhd
57
645 Parkson Holdings Bhd
446
28 Pie Industrial Bhd
54
504 PJ Development Holdings Bhd
237
75 Plenitude Bhd
58
917 PPB Group Bhd
4,146
395 Press Metal Bhd
395
253 Protasco Bhd
122
Annual Report and Audited Financial Statements, 30 November 2014
–
0.25
0.04
–
–
–
0.01
–
–
0.01
0.01
–
0.03
0.02
–
–
0.02
–
0.02
0.03
0.01
0.01
–
0.01
–
0.01
–
0.06
0.02
0.01
0.07
0.04
–
–
0.01
0.02
–
0.01
0.02
–
–
0.13
–
0.02
0.05
0.01
0.01
–
0.01
–
0.05
0.01
–
–
–
–
0.02
–
0.01
–
0.22
0.02
0.01
40
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Malaysia – 4.11% (continued)
467 RCE Capital Bhd
1,193 RHB Capital Bhd
710 Rimbunan Sawit Bhd
39 Sarawak Oil Palms Bhd
36 Sarawak Plantation Bhd
99 SBC Corp Bhd
2,082 Scomi Group Bhd
59 Selangor Properties Bhd
8 Shangri-La Hotels Malaysia Bhd
102 Shell Refining Co Federation of Malaya Bhd
60 SHL Consolidated Bhd
775 SP Setia Bhd Group
300
1,341
518
219
282
251
2,057
1,441
79
568
1,312
107
669
40
578
1,496
944
91
81
488
148
593
1,356
215
430
586
9,393
379
Star Publications Malaysia Bhd
Sunway Bhd
Supermax Corp Bhd
Suria Capital Holdings Bhd
Symphony Life Bhd
Ta Ann Holdings Bhd
TA Enterprise Bhd
TA Global Bhd
Taliworks Corp Bhd
Tan Chong Motor Holdings Bhd
TDM Bhd
TH Plantations Bhd
TIME dotCom Bhd
Tiong NAM Logistics Holdings
Tropicana Corp Bhd
UEM Sunrise Bhd
Unisem M Bhd
United Malacca Bhd
United U-Li Corp Bhd
UOA Development Bhd
VS Industry Bhd
Wah Seong Corp Bhd
WCT Holdings Bhd
Wing Tai Malaysia Bhd
WTK Holdings Bhd
YNH Property Bhd
YTL Corp Bhd
YTL Land & Development Bhd
Mexico – 6.61%
1,955 Alfa SAB de CV
358 Alpek SAB de CV
211 Arca Continental SAB de CV
1,200 Axtel SAB de CV
65 Bio Pappel SAB de CV
2,837 Cemex SAB de CV
1,282 Cemex SAB de CV, ADR
135 Cia Minera Autlan SAB de CV
168 Coca-Cola Femsa SAB de CV
11 Coca-Cola Femsa SAB de CV, ADR
1,100 Consorcio ARA SAB de CV
671 Controladora Comercial Mexicana SAB de CV
18 Corp Actinver SAB de CV
885 Corp GEO SAB de CV
127 Corp Interamericana de Entretenimiento SAB de
CV
302 Credito Real SAB de CV
68 Empresas ICA SAB de CV
119 Empresas ICA SAB de CV, ADR
1,442 Fomento Economico Mexicano SAB de CV
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
46
2,871
131
66
25
32
160
105
17
168
63
742
–
0.15
0.01
–
–
–
0.01
0.01
–
0.01
–
0.05
204
1,340
322
162
82
286
499
143
43
657
320
50
978
12
205
792
502
178
40
306
112
277
738
128
151
354
4,360
98
0.01
0.07
0.02
0.01
–
0.01
0.02
0.01
–
0.03
0.02
–
0.06
–
0.01
0.04
0.02
0.01
–
0.02
0.01
0.01
0.04
0.01
0.01
0.02
0.23
–
82,962
4.11
5,183
553
1,350
330
120
3,515
16,027
153
1,660
1,127
502
2,461
21
9
0.26
0.03
0.07
0.02
0.01
0.17
0.79
0.01
0.08
0.06
0.02
0.12
–
–
87
780
100
692
13,734
–
0.04
–
0.03
0.68
Shares (000's)
Common Stock (continued)
Mexico – 6.61% (continued)
85 Fomento Economico Mexicano SAB de CV, ADR
216 Gruma SAB de CV
19 Gruma SAB de CV, ADR
210 Grupo Aeromexico SAB de CV
43 Grupo Aeroportuario del Centro Norte Sab de CV
27 Grupo Aeroportuario del Centro Norte Sab de CV,
ADR
158 Grupo Aeroportuario del Pacifico SAB de CV
60 Grupo Aeroportuario del Pacifico SAB de CV, ADR
294 Grupo Aeroportuario del Sureste SAB de CV
2 Grupo Aeroportuario del Sureste SAB de CV, ADR
656 Grupo Carso SAB de CV
225 Grupo Cementos de Chihuahua SAB de CV
426 Grupo Comercial Chedraui SA de CV
22 Grupo Elektra SAB DE CV
219 Grupo Famsa SAB de CV
3,341 Grupo Financiero Banorte SAB de CV
1,986 Grupo Financiero Inbursa SAB de CV
69 Grupo Financiero Interacciones SA de CV
2,679 Grupo Financiero Santander Mexico SAB de CV
9 Grupo Financiero Santander Mexico SAB de CV,
ADR
640 Grupo Gigante SAB de CV
9 Grupo Herdez SAB de CV
176 Grupo Industrial Maseca SAB de CV
209 Grupo Industrial Saltillo SAB de CV
124 Grupo KUO SAB De CV
1,478 Grupo Mexico SAB de CV
8 Grupo Pochteca SAB de CV
76 Grupo Sanborns SAB de CV
86 Grupo Simec SAB de CV
17 Grupo Simec SAB de CV, ADR
65 Grupo Sports World SAB de CV
119 Industrias Bachoco SAB de CV
5 Industrias Bachoco SAB de CV, ADR
327 Industrias CH SAB de CV
6 Industrias Penoles SAB de CV
1,089 Inmuebles Carso SAB de CV
113 Megacable Holdings SAB de CV
857 Mexichem SAB de CV
342 Minera Frisco SAB de CV
1,177 OHL Mexico SAB de CV
77 Organizacion Cultiba SAB de CV
1,716 Organizacion Soriana SAB de CV
1 Rassini SAB de CV
1,729 TV Azteca SAB de CV
1,019 Urbi Desarrollos Urbanos SAB de CV
8 Vitro SAB de CV
Philippines – 1.13%
768 Alliance Global Group Inc
859 Atlas Consolidated Mining & Development
938 BDO Unibank Inc
229 Cebu Air Inc
7,500 Century Properties Group Inc
425 China Banking Corp
3,420 Cosco Capital Inc
376 East West Banking Corp
1,722 Empire East Land Holdings Inc
257 Filinvest Development Corp
16,571 Filinvest Land Inc
484 First Philippine Holdings Corp
6 GT Capital Holdings Inc
1,904 JG Summit Holdings Inc
Value
(000's)
USD
% of Net
Asset
Value
8,287
2,366
842
321
195
0.41
0.12
0.04
0.02
0.01
972
1,075
4,111
3,909
209
3,674
537
1,383
938
203
18,928
5,358
513
6,065
0.05
0.05
0.20
0.19
0.01
0.18
0.03
0.07
0.05
0.01
0.94
0.26
0.03
0.29
107
1,866
23
259
487
258
4,830
8
127
315
186
114
553
306
1,689
131
1,151
459
3,114
577
2,681
117
5,016
3
857
–
21
0.01
0.09
–
0.01
0.02
0.01
0.24
–
0.01
0.02
0.01
0.01
0.03
0.02
0.08
0.01
0.06
0.02
0.15
0.03
0.13
0.01
0.25
–
0.04
–
–
133,545
6.61
424
217
2,279
395
172
454
634
214
35
25
594
980
155
2,615
0.02
0.01
0.11
0.02
0.01
0.02
0.03
0.01
–
–
0.03
0.05
0.01
0.13
Annual Report and Audited Financial Statements, 30 November 2014
41
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Philippines – 1.13% (continued)
3,695 Lopez Holdings Corp
1,441 LT Group Inc
18,072 Megaworld Corp
486 Metropolitan Bank & Trust Co
126 Pepsi-Cola Products Philippines Inc
3,673 Petron Corp
536 Philippine National Bank
13 Philtown Properties Inc
73 Phoenix Petroleum Philippines Inc
695 Rizal Commercial Banking Corp
3,778 Robinsons Land Corp
916 San Miguel Corp
15 San Miguel Pure Foods Co Inc
245 Security Bank Corp
1,147 STI Education Systems Holdings Inc
96 Top Frontier Investment Holdings Inc
1,886 Trans-Asia Oil & Energy Development Corp
32 Trans-Asia Petroleum Corp
642 Union Bank of the Philippines
6,576 Vista Land & Lifescapes Inc
Poland – 1.99%
80 Agora SA
142 Asseco Poland SA
17 ATM SA
58 Bioton SA
45 Ciech SA
3 ComArch SA
2 Dom Development SA
331 Echo Investment SA
6 Emperia Holding SA
270 Enea SA
10 Fabryki Mebli Forte SA
7 Farmacol SA
6 Firma Oponiarska Debica SA
492 Getin Holding SA
36 Getin Noble Bank SA
56 Grupa Azoty SA
10 Grupa Kety SA
47 Grupa Lotos SA
110 Grupa Lotos SA (voting rights)
41 Hawe SA
223 Impexmetal SA
44 Jastrzebska Spolka Weglowa SA
41 Kernel Holding SA
220 KGHM Polska Miedz SA
53 Kopex SA
211 LC Corp SA
10 MCI Management SA
456 Netia SA
42 Orbis SA
12 Pelion SA
1,475 PGE SA
823 Polimex-Mostostal SA
10 Polski Koncern Miesny Duda SA
614 Polski Koncern Naftowy Orlen SA
261 Rovese SA
– Stalprodukt SA
22 Sygnity SA
18 Synthos SA
1,876 Tauron Polska Energia SA
266 Trakcja SA
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
567
425
2,020
899
12
908
970
–
6
781
2,162
1,577
73
856
19
265
100
4
1,027
920
0.03
0.02
0.10
0.04
–
0.04
0.06
–
–
0.04
0.12
0.08
–
0.04
–
0.01
–
–
0.05
0.05
22,784
1.13
193
2,270
60
71
596
114
29
649
84
1,438
139
99
172
345
24
1,035
895
372
879
29
179
274
358
8,043
172
102
31
763
507
268
8,496
22
20
8,251
109
35
106
23
2,885
86
0.01
0.11
–
–
0.03
0.01
–
0.03
–
0.08
0.01
–
0.01
0.02
–
0.05
0.04
0.02
0.04
–
0.01
0.01
0.02
0.40
0.01
0.01
–
0.04
0.03
0.01
0.42
–
–
0.41
0.01
–
0.01
–
0.14
–
40,223
1.99
Shares (000's)
Common Stock (continued)
Russia – 2.26%
24 AFI Development Plc, GDR
6,399 Gazprom OAO, ADR
93 Lukoil OAO, ADR
295 Magnitogorsk Iron & Steel Works OJSC, GDR
82 Mechel, ADR
2,039 RusHydro JSC, ADR
48 VTB Bank OJSC (voting rights), GDR
127 VTB Bank OJSC, GDR
South Africa – 7.89%
129 Adcorp Holdings Ltd
97 Aeci Ltd
763 African Bank Investments Ltd
39 African Oxygen Ltd
214 African Rainbow Minerals Ltd
89 Allied Electronics Corp Ltd
53 Anglo American Platinum Ltd
321 AngloGold Ashanti Ltd
356 AngloGold Ashanti Ltd, ADR
263 ArcelorMittal South Africa Ltd
763 Aveng Ltd
536 Barclays Africa Group Ltd
444 Barloworld Ltd
167 Basil Read Holdings Ltd
28 Bell Equipment Ltd
759 Blue Label Telecoms Ltd
809 Brait SE
373 Business Connexion Group Ltd
165 Caxton and CTP Publishers and Printers Ltd
233 Clover Industries Ltd
29 Consolidated Infrastructure Group Ltd
374 DataTec Ltd
4 Distribution and Warehousing Network Ltd
752 DRDGOLD Ltd
11 DRDGOLD Ltd, ADR
700 Eqstra Holdings Ltd
156 Exxaro Resources Ltd
790 Gold Fields Ltd
670 Gold Fields Ltd, ADR
761 Grindrod Ltd
209 Group Five Ltd
300 Harmony Gold Mining Co Ltd
132 Harmony Gold Mining Co Ltd, ADR
7 Holdsport Ltd
12 Hudaco Industries Ltd
211 Hulamin Ltd
126 Iliad Africa Ltd
94 Illovo Sugar Ltd
798 Impala Platinum Holdings Ltd
192 Imperial Holdings Ltd
445 Investec Ltd
327 JD Group Ltd
153 KAP Industrial Holdings Ltd
194 Lewis Group Ltd
168 Liberty Holdings Ltd
2,712 Merafe Resources Ltd
103 Metair Investments Ltd
2,082 MMI Holdings Ltd
180 Mondi Ltd
331 Mpact Ltd
642 Murray & Roberts Holdings Ltd
21 Mustek Ltd
354 Nedbank Group Ltd
Value
(000's)
USD
% of Net
Asset
Value
11
37,390
4,309
949
63
2,520
88
234
–
1.86
0.21
0.05
–
0.13
–
0.01
45,564
2.26
404
1,161
21
59
2,577
137
1,784
2,859
3,052
648
1,173
8,629
4,189
68
29
643
5,255
207
225
408
77
1,791
2
167
23
256
1,553
3,383
2,749
1,573
504
508
223
27
100
128
85
226
5,780
3,464
4,111
819
59
1,360
1,984
235
329
5,926
3,050
1,080
1,165
15
7,755
0.02
0.06
–
–
0.13
0.01
0.09
0.14
0.15
0.03
0.06
0.43
0.21
–
–
0.03
0.25
0.01
0.01
0.02
–
0.09
–
0.01
–
0.01
0.08
0.17
0.14
0.08
0.02
0.03
0.01
–
–
0.01
–
0.01
0.29
0.17
0.20
0.04
–
0.07
0.10
0.01
0.02
0.29
0.15
0.05
0.06
–
0.38
Annual Report and Audited Financial Statements, 30 November 2014
42
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
South Africa – 7.89% (continued)
189 Northam Platinum Ltd
37 Omnia Holdings Ltd
246 Peregrine Holdings Ltd
235 Petmin Ltd
27 Pinnacle Holdings Ltd
171 Raubex Group Ltd
23 RCL Foods Ltd
65 Reunert Ltd
60 Royal Bafokeng Platinum Ltd
1,147 Sappi Ltd
28 Sappi Ltd, ADR
282 Sasol Ltd
18 Sasol Ltd, ADR
790 Sibanye Gold Ltd
165 Sibanye Gold Ltd, ADR
2,200 Standard Bank Group Ltd
209 Stefanutti Stocks Holdings Ltd
3,064 Steinhoff International Holdings Ltd
561 Super Group Ltd
476 Telkom SA SOC Ltd
51 Times Media Group Ltd
165 Tongaat Hulett Ltd
208 Trencor Ltd
99 Value Group Ltd
62 Wilson Bayly Holmes-Ovcon Ltd
850 Zeder Investments Ltd
Spain – 0.39%
278 Banco Santander SA
608 Banco Santander SA, ADR
Taiwan – 15.09%
680 Ability Enterprise Co Ltd
915 Accton Technology Corp
4,465 Acer Inc
97 ACES Electronic Co Ltd
318 Achem Technology Corp
12 Acter Co Ltd
260 Action Electronics Co Ltd
38 Advanced Connectek Inc
33 Advanced International Multitech Co Ltd
825 AGV Products Corp
53 AimCore Technology Co Ltd
75 Alcor Micro Corp
42 ALI Corp
285 Allis Electric Co Ltd
571 Alpha Networks Inc
475 Altek Corp
281 Ambassador Hotel
162 AMPOC Far-East Co Ltd
1,459 AmTRAN Technology Co Ltd
248 APCB Inc
173 Arcadyan Technology Corp
737 Ardentec Corp
27 Arima Communications Corp
2,870 Asia Cement Corp
424 Asia Optical Co Inc
135 Asia Plastic Recycling Holding Ltd
580 Asia Polymer Corp
606 Asia Vital Components Co Ltd
4,735 AU Optronics Corp
1,273 AU Optronics Corp, ADR
164 Audix Corp
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
597
645
538
31
26
339
36
357
308
4,276
103
11,748
742
1,423
1,133
27,044
107
16,091
1,660
2,949
96
2,576
1,278
38
678
537
0.03
0.03
0.03
–
–
0.02
–
0.02
0.02
0.21
0.01
0.58
0.04
0.07
0.06
1.34
0.01
0.80
0.08
0.15
–
0.13
0.06
–
0.03
0.03
159,391
7.89
2,529
5,421
0.13
0.26
7,950
0.39
345
424
2,834
126
177
32
45
15
21
220
49
62
31
75
273
604
246
146
787
174
220
583
10
3,677
567
154
373
417
2,226
6,023
202
0.02
0.02
0.15
0.01
0.01
–
–
–
–
0.01
–
–
–
–
0.01
0.03
0.01
0.01
0.04
0.01
0.01
0.03
–
0.18
0.03
0.01
0.02
0.02
0.12
0.31
0.01
Value
(000's)
USD
% of Net
Asset
Value
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
12 AV Tech Corp
19
233 Avermedia Technologies
78
55 AVY Precision Technology Inc
149
766 Bank of Kaohsiung Co Ltd
224
2,228 BES Engineering Corp
561
247 Biostar Microtech International Corp
86
239 Bright Led Electronics Corp
107
209 C Sun Manufacturing Ltd
144
293 Cameo Communications Inc
59
3,359 Capital Securities Corp
1,081
193 Career Technology MFG. Co Ltd
215
453 Carnival Industrial Corp
111
72 Cathay Chemical Works
35
1,065 Cathay Real Estate Development Co Ltd
557
184 Celxpert Energy Corp
116
280 Central Reinsurance Co Ltd
144
126 ChainQui Construction Development Co Ltd
92
708 Champion Building Materials Co Ltd
202
8,107 Chang Hwa Commercial Bank
4,794
18 Chang Wah Electromaterials Inc
37
145 Channel Well Technology Co Ltd
79
329 Charoen Pokphand Enterprise Ltd
264
27 Chen Full International Co Ltd
28
1,715 Cheng Loong Corp
712
717 Cheng Uei Precision Industry Co Ltd
1,196
254 Chia Chang Co Ltd
248
731 Chia Hsin Cement Corp
328
374 Chien Kuo Construction Co Ltd
137
137 Chilisin Electronics Corp
135
53 Chimei Materials Technology Corp
53
371 Chin-Poon Industrial Co Ltd
577
5,256 China Airlines Ltd
2,216
1,798 China Bills Finance Corp
651
418 China Chemical & Pharmaceutical Co Ltd
265
19,667 China Development Financial Holding Corp
6,291
511 China Electric Manufacturing Corp
177
492 China General Plastics Corp
165
184 China Glaze Co Ltd
81
3,146 China Life Insurance Co Ltd
2,628
528 China Man-Made Fiber Corp
164
295 China Metal Products
224
843 China Motor Corp
748
3,504 China Petrochemical Development Corp
1,008
4,370 China Steel Corp
3,671
149 China Steel Structure Co Ltd
123
859 China Synthetic Rubber Corp
854
385 China Wire & Cable Co Ltd
147
228 Chinese Maritime Transport Ltd
235
375 Chipbond Technology Corp
698
313 Chun YU Works & Co Ltd
132
767 Chun Yuan Steel
280
Chung Hsin Electric & Machinery Manufacturing
625 Corp
396
882 Chung Hung Steel Corp
203
570 Chung Hwa Pulp Corp
156
7,454 Chunghwa Picture Tubes Ltd
306
201 Clevo Co
330
4,670 CMC Magnetics Corp
625
30 CoAsia Microelectronics Corp
11
246 Collins Co Ltd
110
8,447 Compal Electronics Inc
5,405
1,707 Compeq Manufacturing Co Ltd
982
424 Concord Securities Corp
105
837 Continental Holdings Corp
306
Annual Report and Audited Financial Statements, 30 November 2014
–
–
0.01
0.01
0.03
–
0.01
0.01
–
0.05
0.01
0.01
–
0.03
0.01
0.01
–
0.01
0.25
–
–
0.01
–
0.04
0.06
0.01
0.02
0.01
0.01
–
0.03
0.11
0.03
0.01
0.32
0.01
0.01
–
0.14
0.01
0.01
0.04
0.05
0.19
0.01
0.04
0.01
0.01
0.03
0.01
0.01
0.02
0.01
0.01
0.02
0.02
0.03
0.00
0.01
0.27
0.05
0.01
0.02
43
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
993 Coretronic Corp
170 Coxon Precise Industrial Co Ltd
22 Creative Sensor Inc
46 Crystalwise Technology Inc
833 CSBC Corp Taiwan
8,363 CTBC Financial Holding Co Ltd
8 CyberPower Systems Inc
1,238 D-Link Corp
193 DA CIN Construction Co Ltd
439 Darfon Electronics Corp
96 Delpha Construction Co Ltd
82 DFI Inc
513 Dynamic Electronics Co Ltd
1,549 E Ink Holdings Inc
9,663 E.Sun Financial Holding Co Ltd
148 Eastern Media International Corp
303 Edimax Technology Co Ltd
149 Edison Opto Corp
10 Edom Technology Co Ltd
512 Elite Material Co Ltd
611 Elitegroup Computer Systems Co Ltd
106 ENG Electric Co Ltd
1,047 EnTie Commercial Bank Co Ltd
34 Entire Technology Co Ltd
269 Episil Holdings Inc
1,365 Epistar Corp
589 Eternal Materials Co Ltd
2,131 Eva Airways Corp
472 Everest Textile Co Ltd
999 Evergreen International Storage & Transport Corp
2,818 Evergreen Marine Corp Taiwan Ltd
167 Excelsior Medical Co Ltd
1,363 Far Eastern Department Stores Ltd
2,585 Far Eastern International Bank
1,197 Far Eastern New Century Corp
131 Farglory F T Z Investment Holding Co Ltd
426 Farglory Land Development Co Ltd
714 Federal Corp
104 Feng Hsin Iron & Steel Co
417 First Copper Technology Co Ltd
12,284 First Financial Holding Co Ltd
231 First Hotel
381 First Insurance Co Ltd
597 First Steamship Co Ltd
711 Forhouse Corp
218 Formosa Advanced Technologies Co Ltd
410 Formosa Chemicals & Fibre Corp
738 Formosa Epitaxy Inc
285 Formosa Oilseed Processing Co Ltd
1,496 Formosa Taffeta Co Ltd
686 Formosan Rubber Group Inc
483 Formosan Union Chemical
147 Fortune Electric Co Ltd
296 Founding Construction & Development Co Ltd
1,065 Foxconn Technology Co Ltd
233 Foxlink Image Technology Co Ltd
384 Froch Enterprise Co Ltd
319 FSP Technology Inc
8,106 Fubon Financial Holding Co Ltd
21 Fulgent Sun International Holding Co Ltd
115 Fullerton Technology Co Ltd
631 Fulltech Fiber Glass Corp
249 Fwusow Industry Co Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
1,396
294
17
37
427
5,688
16
656
127
221
51
92
230
666
6,104
44
111
115
9
627
507
65
448
24
109
2,558
566
1,374
228
596
1,667
264
1,178
856
1,195
90
480
424
128
136
7,462
149
187
319
296
140
923
379
219
1,455
718
180
67
194
2,976
143
159
256
13,253
32
93
223
122
0.07
0.01
0.00
0.00
0.02
0.29
0.00
0.03
0.01
0.01
0.00
0.00
0.01
0.03
0.30
0.00
0.01
0.01
0.00
0.03
0.03
0.00
0.02
0.00
0.01
0.13
0.03
0.07
0.01
0.03
0.08
0.01
0.06
0.04
0.06
0.00
0.02
0.02
0.01
0.01
0.37
0.01
0.01
0.02
0.01
0.01
0.05
0.02
0.01
0.07
0.04
0.01
–
0.01
0.15
0.01
0.01
0.01
0.66
–
–
0.01
0.01
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
295 G Shank Enterprise Co Ltd
49 G Tech Optoelectronics Corp
167 Gallant Precision Machining Co Ltd
147 GEM Terminal Industrial Co Ltd
570 Gemtek Technology Corp
577 Genesis Photonics Inc
69 Genius Electronic Optical Co Ltd
677 Getac Technology Corp
218 Giantplus Technology Co Ltd
150 Giga Solution Tech Co Ltd
1,021 Gigabyte Technology Co Ltd
16 Gigastorage Corp
470 Gintech Energy Corp
462 Global Brands Manufacture Ltd
128 Global Lighting Technologies Inc
117 Globe Union Industrial Corp
727 Gloria Material Technology Corp
789 Gold Circuit Electronics Ltd
2,504 Goldsun Development & Construction Co Ltd
40 Grand Ocean Retail Group Ltd
1,339 Grand Pacific Petrochemical
44 Great China Metal Industry
600 Great Wall Enterprise Co Ltd
319 Green Energy Technology Inc
262 GTM Corp
478 Hannstar Board Corp
5,468 HannStar Display Corp
629 HannsTouch Solution Inc
29 Harvatek Corp
343 Hey Song Corp
370 Hitron Technology Inc
1,432 Ho Tung Chemical Corp
559 Hocheng Corp
277 Hold-Key Electric Wire & Cable Co Ltd
385 Holy Stone Enterprise Co Ltd
300 Hong TAI Electric Industrial
37 Hong YI Fiber Industry Co
570 Horizon Securities Co Ltd
236 Hsin Kuang Steel Co Ltd
323 Hsing TA Cement Co
465 HTC Corp
475 HUA ENG Wire & Cable
9,225 Hua Nan Financial Holdings Co Ltd
2 Hua Yu Lien Development Co Ltd
72 Huang Hsiang Construction Corp
239 Hung Ching Development & Construction Co Ltd
467 Hung Poo Real Estate Development Corp
323 I-Chiun Precision Industry Co Ltd
173 Infortrend Technology Inc
14,236 Innolux Corp
808 Inventec Corp
246 ITE Technology Inc
114 ITEQ Corp
265 Janfusun Fancyworld Corp
188 Jess-Link Products Co Ltd
1,732 Jih Sun Financial Holdings Co Ltd
172 K Laser Technology Inc
235 Kang Na Hsiung Enterprise Co Ltd
160 Kao Hsing Chang Iron & Steel
230 Kaulin Manufacturing Co Ltd
261 KEE TAI Properties Co Ltd
124 Kenmec Mechanical Engineering Co Ltd
405 Kindom Construction Corp
Value
(000's)
USD
% of Net
Asset
Value
270
38
61
55
390
270
256
348
82
98
1,166
12
299
147
170
57
485
402
862
70
632
44
521
180
177
194
1,276
118
17
415
183
453
182
71
502
97
15
149
131
140
2,051
152
5,306
4
95
140
376
185
94
6,785
538
273
87
40
172
452
92
99
57
168
156
51
363
0.01
–
–
–
0.02
0.01
0.01
0.02
–
–
0.06
–
0.01
0.01
0.01
–
0.02
0.02
0.04
–
0.03
–
0.03
0.01
0.01
0.01
0.06
0.01
–
0.02
0.01
0.02
0.01
–
0.02
–
–
0.01
0.01
0.01
0.10
0.01
0.26
–
–
0.01
0.02
0.01
–
0.34
0.03
0.01
–
–
0.01
0.02
–
–
–
0.01
0.01
–
0.02
Annual Report and Audited Financial Statements, 30 November 2014
44
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
2,238 King Yuan Electronics Co Ltd
965 King's Town Bank Co Ltd
35 King's Town Construction Co Ltd
37 Kingcan Holdings Ltd
108 Kinko Optical Co Ltd
2,266 Kinpo Electronics
495 Kolin Co Ltd
520 Kung Sing Engineering Corp
379 Kuoyang Construction Co Ltd
248 Kwong Fong Industries Corp
534 KYE Systems Corp
243 L&K Engineering Co Ltd
379 LAN FA Textile
367 LCY Chemical Corp
182 Leader Electronics Inc
1,358 Lealea Enterprise Co Ltd
150 Ledtech Electronics Corp
371 LEE CHI Enterprises Co Ltd
467 Leofoo Development Co
246 LES Enphants Co Ltd
486 Lextar Electronics Corp
987 Li Peng Enterprise Co Ltd
962 Lien Hwa Industrial Corp
700 Lingsen Precision Industries Ltd
328 Lite-On Semiconductor Corp
2,049 Lite-On Technology Corp
747 Long Chen Paper Co Ltd
142 Longwell Co
33 Lotes Co Ltd
415 Lucky Cement Corp
7,103 Macronix International
181 Marketech International Corp
1,763 Masterlink Securities Corp
327 Mayer Steel Pipe Corp
12,949 Mega Financial Holding Co Ltd
28 Meiloon Industrial Co
171 Mercuries & Associates Ltd
608 Mercuries Life Insurance Co Ltd
1,385 Micro-Star International Co Ltd
158 Mirle Automation Corp
719 Mitac Holdings Corp
319 Mosel Vitelic Inc
420 Motech Industries Inc
378 Nan Ren Lake Leisure Amusement Co Ltd
352 Nan Ya Printed Circuit Board Corp
24 Nantex Industry Co Ltd
944 Neo Solar Power Corp
202 New Asia Construction & Development Corp
51 New Era Electronics Co Ltd
48 Newmax Technology Co Ltd
456 Nien Hsing Textile Co Ltd
36 Nishoku Technology Inc
869 OptoTech Corp
78 Orient Semiconductor Electronics Ltd
23 Oriental Union Chemical Corp
113 P-Two Industries Inc
317 Pacific Construction Co
689 Pan Jit International Inc
385 Pan-International Industrial Corp
37 Paragon Technologies Co Ltd
3,195 Pegatron Corp
425 Phihong Technology Co Ltd
157 Plotech Co Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
1,804
1,023
31
39
76
1,014
–
206
171
132
182
190
114
180
68
366
72
159
161
132
440
327
619
309
206
2,480
357
137
166
137
1,483
130
541
153
10,523
11
103
330
1,508
134
523
62
449
143
459
12
812
54
53
54
378
48
350
31
18
45
125
270
222
59
7,403
220
58
0.09
0.05
–
–
–
0.05
–
0.01
0.01
0.01
0.01
0.01
0.01
0.01
–
0.02
–
0.01
0.01
0.01
0.02
0.02
0.03
0.02
0.01
0.12
0.02
0.01
0.01
0.01
0.07
0.01
0.03
0.01
0.52
–
0.01
0.02
0.07
0.01
0.03
–
0.02
0.01
0.02
–
0.04
–
–
–
0.02
–
0.02
–
–
–
0.01
0.01
0.01
–
0.37
0.01
–
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
146 Portwell Inc
1,918 Pou Chen Corp
52 Powercom Co Ltd
1,365 Powertech Technology Inc
1,380 President Securities Corp
51 Prime Electronics Satellitics Inc
1,168 Prince Housing & Development Corp
3,060 Qisda Corp
401 Quanta Storage Inc
591 Quintain Steel Co Ltd
830 Radium Life Tech Co Ltd
84 Ralec Electronic Corp
1,115 Rich Development Co Ltd
4,916 Ritek Corp
32 Rotam Global Agrosciences Ltd
639 Ruentex Development Co Ltd
542 Ruentex Industries Ltd
1,057 Sampo Corp
9 San Fang Chemical Industry Co Ltd
422 Sanyang Industry Co Ltd
53 SDI Corp
110 Sesoda Corp
53 Shan-Loong Transportation Co Ltd
167 Sheng Yu Steel Co Ltd
145 ShenMao Technology Inc
83 Shih Her Technologies Inc
379 Shih Wei Navigation Co Ltd
598 Shihlin Electric & Engineering Corp
13,178 Shin Kong Financial Holding Co Ltd
178 Shin Zu Shing Co Ltd
432 Shinkong Insurance Co Ltd
2,583 Shinkong Synthetic Fibers Corp
471 Shuttle Inc
544 Sigurd Microelectronics Corp
518 Silicon Integrated Systems Corp
124 Silitech Technology Corp
601 Sincere Navigation Corp
116 Sinkang Industries Co Ltd
934 Sino-American Silicon Products Inc
602 Sinon Corp
13,006 SinoPac Financial Holdings Co Ltd
213 Siward Crystal Technology Co Ltd
386 Solar Applied Materials Technology Co
314 Solartech Energy Corp
195 Solomon Technology Corp
330 Solytech Enterprise Corp
401 Southeast Cement Co Ltd
154 Spirox Corp
129 Stark Technology Inc
49 STATS ChipPAC Taiwan Semiconductor Corp
194 Sunonwealth Electric Machine Industry Co Ltd
1,031 Sunplus Technology Co Ltd
312 Sunrex Technology Corp
22 Super Dragon Technology Co Ltd
356 Supreme Electronics Co Ltd
298 Sweeten Construction Co Ltd
33 Sysage Technology Co Ltd
296 Systex Corp
123 T-Mac Techvest PCB Co Ltd
1,173 TA Chen Stainless Pipe
3,181 Ta Chong Bank Ltd
93 Ta Chong Securities Co Ltd
622 Ta Ya Electric Wire & Cable
Value
(000's)
USD
% of Net
Asset
Value
206
2,311
7
2,272
678
21
449
1,379
438
115
514
143
495
500
54
995
1,095
434
9
393
70
129
41
107
148
157
213
769
3,918
384
336
889
121
507
136
59
492
40
1,452
305
5,442
140
288
178
115
83
205
107
118
52
119
390
168
12
188
163
36
505
65
750
1,059
29
125
0.01
0.11
–
0.11
0.03
–
0.02
0.07
0.02
0.01
0.03
0.01
0.02
0.02
–
0.05
0.05
0.02
–
0.02
–
0.01
–
0.01
0.01
0.01
0.01
0.04
0.19
0.02
0.02
0.04
0.01
0.03
0.01
–
0.02
–
0.07
0.02
0.27
0.01
0.01
0.01
0.01
–
0.01
0.01
0.01
–
0.01
0.02
0.01
–
0.01
0.01
–
0.03
–
0.04
0.05
–
0.01
Annual Report and Audited Financial Statements, 30 November 2014
45
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
257 TA-I Technology Co Ltd
158 Tah Hsin Industrial Corp
3,404 Taichung Commercial Bank Co Ltd
73 Taiflex Scientific Co Ltd
195 Tainan Enterprises Co Ltd
1,780 Tainan Spinning Co Ltd
79 Tainergy Tech Co Ltd
15,253 Taishin Financial Holding Co Ltd
240 Taita Chemical Co Ltd
5,807 Taiwan Business Bank
4,086 Taiwan Cement Corp
195 Taiwan Cogeneration Corp
8,116 Taiwan Cooperative Financial Holding Co Ltd
995 Taiwan Fertilizer Co Ltd
301 Taiwan Fire & Marine Insurance Co Ltd
60 Taiwan FU Hsing Industrial Co Ltd
601 Taiwan Glass Industry Corp
48 Taiwan Hon Chuan Enterprise Co Ltd
241 Taiwan Hopax Chemicals Manufacturing Co Ltd
1,210 Taiwan Land Development Corp
173 Taiwan Life Insurance Co Ltd
431 Taiwan Mask Corp
333 Taiwan Navigation Co Ltd
309 Taiwan PCB Techvest Co Ltd
702 Taiwan Pulp & Paper Corp
388 Taiwan Sakura Corp
232 Taiwan Semiconductor Co Ltd
484 Taiwan Styrene Monomer
291 Taiwan Surface Mounting Technology Co Ltd
1,167 Taiwan TEA Corp
307 Taiwan Union Technology Corp
283 Taiyen Biotech Co Ltd
4,138 Tatung Co Ltd
2,604 Teco Electric and Machinery Co Ltd
58 Tecom Co Ltd
180 Tekcore Co Ltd
114 Test-Rite International Co Ltd
63 Tex-Ray Industrial Co Ltd
197 ThaiLin Semiconductor Corp
105 Thinking Electronic Industrial Co Ltd
498 Tong Yang Industry Co Ltd
355 Tong-Tai Machine & Tool Co Ltd
236 Topoint Technology Co Ltd
219 TPK Holding Co Ltd
372 Transasia Airways Corp
430 Tripod Technology Corp
40 Tsann Kuen Enterprise Co Ltd
1,432 Tung Ho Steel Enterprise Corp
87 Tung Ho Textile Co Ltd
53 TXC Corp
156 TYC Brother Industrial Co Ltd
550 Tycoons Group Enterprise
26 Tyntek Corp
229 TZE Shin International Co Ltd
88 U-Ming Marine Transport Corp
47 U-Tech Media Corp
45 Unic Technology Corp
2,636 Unimicron Technology Corp
1,539 Union Bank Of Taiwan
221 Unitech Computer Co Ltd
933 Unitech Printed Circuit Board Corp
179 United Integrated Services Co Ltd
24,145 United Microelectronics Corp
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
143
148
1,122
101
157
992
38
7,048
64
1,696
6,001
160
4,261
1,636
213
58
459
78
161
426
100
129
218
461
246
262
204
189
390
620
259
223
1,088
2,701
4
59
78
26
144
152
545
288
213
1,408
144
850
39
1,078
22
59
91
100
10
68
138
9
18
1,937
510
128
374
168
10,728
0.01
0.01
0.06
0.01
0.01
0.05
–
0.35
–
0.08
0.30
0.01
0.21
0.08
0.01
–
0.02
–
0.01
0.02
–
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.02
0.03
0.01
0.01
0.05
0.13
–
–
–
–
0.01
0.01
0.03
0.01
0.01
0.07
0.01
0.04
–
0.05
–
–
–
–
–
–
0.01
–
–
0.10
0.03
0.01
0.02
0.01
0.53
Shares (000's)
Common Stock (continued)
Taiwan – 15.09% (continued)
16 United Microelectronics Corp, ADR
581 Universal Cement Corp
863 Unizyx Holding Corp
1,364 UPC Technology Corp
1,011 USI Corp
206 Ve Wong Corp
593 Wafer Works Corp
91 Wah Hong Industrial Corp
318 Wah Lee Industrial Corp
5,630 Walsin Lihwa Corp
1,008 Walsin Technology Corp
492 Walton Advanced Engineering Inc
1,534 Wan Hai Lines Ltd
3,958 Waterland Financial Holdings Co Ltd
21 Ways Technical Corp Ltd
195 WEI Chih Steel Industrial Co Ltd
290 Wei Mon Industry Co Ltd
302 Weikeng Industrial Co Ltd
129 Well Shin Technology Co Ltd
195 Wha Yu Industrial Co Ltd
808 Win Semiconductors Corp
5,444 Winbond Electronics Corp
1,627 Wintek Corp
230 Wisdom Marine Lines Co Ltd
4,304 Wistron Corp
243 WPG Holdings Ltd
598 WT Microelectronics Co Ltd
526 WUS Printed Circuit Co Ltd
808 Yageo Corp
1,717 Yang Ming Marine Transport Corp
528 YC Co Ltd
545 YC INOX Co Ltd
90 YeaShin International Development Co Ltd
2,363 YFY Inc
243 Yi Jinn Industrial Co Ltd
1,711 Yieh Phui Enterprise Co Ltd
250 Young Fast Optoelectronics Co Ltd
86 Youngtek Electronics Corp
12,163 Yuanta Financial Holding Co Ltd
84 Yufo Electronics Co Ltd
1,446 Yulon Motor Co Ltd
286 Zenitron Corp
867 Zig Sheng Industrial Co Ltd
343 Zinwell Corp
Thailand – 2.88%
52 AAPICO Hitech PCL
259 AJ Plast PCL
2,140 AP Thailand PCL
2,139 Asia Aviation PCL
1,028 Bangchak Petroleum PCL
591 Bangkok Bank PCL
559 Bangkok Expressway PCL
12 Bangkok Insurance PCL
10,481 Bangkok Land PCL
1,568 Banpu PCL
3,003 Cal-Comp Electronics Thailand PCL
76 CH Karnchang PCL
312 Charoong Thai Wire & Cable PCL
2,356 Esso Thailand PCL
58,645 G J Steel PCL
9,929 G Steel PCL
568 Hana Microelectronics PCL
Value
(000's)
USD
% of Net
Asset
Value
35
502
453
452
449
152
224
93
538
1,816
375
223
1,350
1,073
16
25
77
220
189
74
769
1,664
96
261
3,936
281
888
229
1,318
749
263
438
49
966
60
487
154
168
5,974
51
2,173
157
227
340
–
0.02
0.02
0.02
0.02
0.01
0.01
–
0.03
0.09
0.02
0.01
0.07
0.05
–
–
–
0.01
0.01
–
0.04
0.08
–
0.01
0.19
0.01
0.04
0.01
0.07
0.04
0.01
0.02
–
0.05
–
0.02
0.01
0.01
0.30
–
0.11
0.01
0.01
0.02
304,590
15.09
23
78
427
305
1,111
3,636
664
131
613
1,301
258
64
109
373
125
51
709
–
–
0.02
0.02
0.06
0.18
0.03
0.01
0.03
0.06
0.01
–
0.01
0.02
0.01
–
0.04
Annual Report and Audited Financial Statements, 30 November 2014
46
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Common Stock (continued)
Thailand – 2.88% (continued)
76 ICC International PCL
1,080 Indorama Ventures PCL
12,403 IRPC PCL
15 Kang Yong Electric PCL
1,641 KGI Securities Thailand PCL
219 Khonburi Sugar PCL
618 Kiatnakin Bank PCL
7,445 Krung Thai Bank PCL
92 Lanna Resources PCL
5,490 LH Financial Group PCL
147 MCOT PCL
288 Polyplex Thailand PCL
484 Precious Shipping PCL
1,806 PTT Exploration & Production PCL
2,365 PTT Global Chemical PCL
1,540 PTT PCL
202 Regional Container Lines PCL
200 Saha-Union PCL
10,547 Sahaviriya Steel Industries PCL
6,474 Sansiri PCL
2,327 SC Asset Corp PCL
836 Siam Future Development PCL
340 Siamgas & Petrochemicals PCL
74 Somboon Advance Technology PCL
905 Sri Trang Agro-Industry PCL
1,169 Srithai Superware PCL
6,566 Tata Steel Thailand PCL
1,559 Thai Airways International PCL
182 Thai Carbon Black PCL
1,240 Thai Oil PCL
31 Thai Rayon PCL
39 Thai Stanley Electric PCL
933 Thanachart Capital PCL
31 Thitikorn PCL
948 Thoresen Thai Agencies PCL
27 Tipco Asphalt PCL
299 Tisco Financial Group PCL
5,944 TMB Bank PCL
21 Total Access Communication PCL
13,269 TPI Polene PCL
1,057 Vanachai Group PCL
846 Vinythai PCL
Turkey – 2.75%
100 Adana Cimento Sanayii TAS, Class A
– Adana Cimento Sanayii TAS, Class C
16 Adese Alisveris Merkezleri Ticaret AS
1,830 Akbank TAS
359 Akenerji Elektrik Uretim AS
35 Akfen Holding AS
177 Aksa Akrilik Kimya Sanayii AS
142 Alarko Holding AS
591 Albaraka Turk Katilim Bankasi AS
470 Anadolu Anonim Turk Sigorta Sirketi
261 Anadolu Cam Sanayii AS
– Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS
933 Asya Katilim Bankasi AS
129 Aygaz AS
– Banvit Bandirma Vitaminli Yem Sanayii ASA
53 Baticim Bati Anadolu Cimento Sanayii AS
– BatiSoke Soke Cimento Sanayii TAS
– Bolu Cimento Sanayii AS
64 Borusan Mannesmann Boru Sanayi ve Ticaret AS
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
91
740
1,262
118
176
69
762
5,418
34
328
83
97
268
7,454
4,609
17,914
55
251
103
381
262
171
105
40
369
93
178
741
149
1,634
27
251
944
9
595
54
419
568
62
752
254
263
–
0.04
0.06
0.01
0.01
–
0.04
0.27
–
0.02
–
–
0.01
0.37
0.23
0.89
–
0.01
0.01
0.02
0.01
0.01
0.01
–
0.02
–
0.01
0.04
0.01
0.08
–
0.01
0.05
–
0.03
–
0.02
0.03
–
0.04
0.01
0.01
58,131
2.88
246
–
53
7,402
220
76
594
262
471
309
227
–
295
577
–
170
–
–
213
0.01
–
–
0.37
0.01
–
0.03
0.01
0.02
0.02
0.01
–
0.01
0.03
–
0.01
–
–
0.01
Shares (000's)
Common Stock (continued)
Turkey – 2.75% (continued)
6 Boyner Perakende Ve Tekstil Yatirimlari AS
– Cemtas Celik Makina Sanayi Ticaret AS
– Deva Holding AS
– Dogan Gazetecilik AS
1,699 Dogan Sirketler Grubu Holding AS
119 EGE Seramik Sanayi ve Ticaret AS
2,592 Eregli Demir ve Celik Fabrikalari TAS
176 Gentas Genel Metal Sanayi ve Ticaret AS
174 Global Yatirim Holding AS
5 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret
AS
445 GSD Holding
– Hektas Ticaret TAS
352 Hurriyet Gazetecilik AS
1,324 Ihlas Holding AS
201 Ipek Dogal Enerji Kaynaklari Ve Uretim AS
292 Is Finansal Kiralama AS
257 Is Yatirim Menkul Degerler AS
223 Kardemir Karabuk Demir Celik Sanayi ve Ticaret
AS, Class A
150 Kardemir Karabuk Demir Celik Sanayi ve Ticaret
AS, Class B
– Kardemir Karabuk Demir Celik Sanayi ve Ticaret
AS, Class D
63 Karsan Otomotiv Sanayii Ve Ticaret AS
893 KOC Holding AS
330 Koza Anadolu Metal Madencilik Isletmeleri AS
– Marti Otel Isletmeleri AS
215 Menderes Tekstil Sanayi ve Ticaret AS
237 Metro Ticari ve Mali Yatirimlar Holding AS
– Mutlu Yatirim Proje ve Gayrimenkul Gelistirme AS
69 Park Elektrik Uretim Madencilik Sanayi ve Ticaret
AS
31 Parsan Makina Parcalari
– Petkim Petrokimya Holding AS
40 Pinar Entegre Et ve Un Sanayi AS
233 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS
251 Sasa Polyester Sanayi AS
805 Sekerbank TAS
311 Selcuk Ecza Deposu Ticaret ve Sanayi AS
243 Soda Sanayii AS
– Tat Gida Sanayi AS
108 Tekfen Holding AS
232 Tekstil Bankasi AS
525 Trakya Cam Sanayii AS
– Turcas Petrol AS
948 Turk Hava Yollari
917 Turkiye Halk Bankasi AS
2,862 Turkiye Is Bankasi
1,128 Turkiye Sinai Kalkinma Bankasi AS
958 Turkiye Sise ve Cam Fabrikalari AS
989 Turkiye Vakiflar Bankasi Tao
– Ulker Biskuvi Sanayi AS
– Uzel Makina Sanayii AS
127 Vestel Beyaz Esya Sanayi ve Ticaret AS
237 Vestel Elektronik Sanayi ve Ticaret AS
1,164 Yapi ve Kredi Bankasi AS
Total Common Stock – 98.00% (30 November 2013: 98.01%)
Preferred Stock
Brazil – 1.76%
122 Banco ABC Brasil SA
138 Banco Daycoval SA
326 Banco do Estado do Rio Grande do Sul SA
Value
(000's)
USD
% of Net
Asset
Value
137
–
–
–
566
201
5,254
128
113
0.01
–
–
–
0.03
0.01
0.27
0.01
0.01
151
329
–
127
185
147
122
133
0.01
0.02
–
0.01
0.01
0.01
0.01
0.01
260
0.01
183
0.01
–
42
5,030
257
–
77
63
–
–
–
0.25
0.01
–
–
–
–
127
63
–
157
329
216
704
289
494
–
293
207
747
–
3,930
6,508
7,942
1,017
1,519
2,272
–
–
574
696
2,790
0.01
–
–
0.01
0.02
0.01
0.03
0.01
0.02
–
0.01
0.01
0.04
–
0.19
0.32
0.39
0.05
0.08
0.11
–
–
0.03
0.03
0.14
55,494
1,978,630
2.75
98.00
661
495
1,870
0.03
0.02
0.09
Annual Report and Audited Financial Statements, 30 November 2014
47
Emerging Markets Value Fund
Portfolio of Investments as at 30 November 2014 (continued)
Shares (000's)
Preferred Stock (continued)
Brazil – 1.76% (continued)
197 Banco Industrial e Comercial SA
361 Banco Pan SA
57 Banco Pine SA
50 Banco Sofisa SA
89 Braskem SA
153 Cia Ferro Ligas da Bahia - Ferbasa
66 Eucatex SA Industria e Comercio
68 Forjas Taurus SA
76 Gerdau SA
55 Parana Banco SA
124 Randon Participacoes SA
31 Saraiva SA Livreiros Editores
506 Suzano Papel e Celulose SA
937 Unipar Carbocloro SA
558 Usinas Siderurgicas de Minas Gerais SA
3,321 Vale SA
Colombia – 0.10%
44 Avianca Holdings SA
117 Grupo de Inversiones Suramericana SA
Total Preferred Stock – 1.86% (30 November 2013: 1.43%)
Real Estate Investment Trust
Malaysia – 0.05%
434 KLCC Property Holdings Bhd
Turkey – 0.00%
– Is Gayrimenkul Yatirim Ortakligi AS
Total Real Estate Investment Trust – 0.05%
(30 November 2013: 0.08%)
Face Value
Coupon
Maturity
(000's)
Rate %
Date
Corporate Bonds
India – 0.00%
100 Indian Hotels Co Ltd
0.000 1/03/2016
Total Corporate Bonds – 0.00% (30 November 2013: 0.00%)
Rights
China (Hong Kong) – 0.00%
657 Heng Tai Consumables Group Ltd
India – 0.00%
31 Future Retail Ltd
Korea, Republic of – 0.00%
51 DGB Financial Group Inc
Total Rights – 0.00% (30 November 2013: 0.02%)
Warrants
China (Hong Kong) – 0.00%
695 HKC Holdings Ltd
Dimensional Fund Advisors
Value
(000's)
USD
% of Net
Asset
Value
434
323
138
50
668
506
88
10
324
241
274
101
2,131
179
1,131
25,899
0.02
0.02
0.01
–
0.03
0.03
–
–
0.02
0.01
0.01
0.01
0.11
0.01
0.06
1.28
35,523
1.76
71
2,090
–
0.10
2,161
37,684
0.10
1.86
872
0.05
872
0.05
–
–
–
–
872
0.05
Value (000's)
USD
% of Net
Asset
Value
1
1
-
5
–
5
–
–
–
–
–
71
–
71
–
76
–
5
–
5
–
Face Value
Coupon
(000's)
Rate %
Warrants (continued)
Malaysia – 0.00%
14 CB Industrial Product Holding Bhd
Maturity
Date
Value (000's)
USD
% of Net
Asset
Value
2
–
2
–
Total Warrants – 0.00% (30 November 2013: 0.00%)
Total Investments – 99.91% (30 November 2013: 99.54%)
Cash and Cash Equivalents – 0.48%
(30 November 2013: (0.01)%)
Liabilities in Excess of Other Assets – (0.39%)
(30 November 2013: 0.47%)
Total Net Assets
7
–
2,017,270
99.91
9,603
0.48
(7,855)
(0.39)
2,019,018
100.00
- Amounts designated as “–“ are either $0, less than $500 or less than 500 shares.
Analysis of Total Assets
Transferable securities admitted to an official exchange listing or
traded on a regulated market
Current assets
% of Total Assets
Total Assets
Annual Report and Audited Financial Statements, 30 November 2014
97.42%
2.58%
100.00%
48
Global Short Fixed Income Fund
Portfolio of Investments as at 30 November 2014
Face Value
(000's)
Corporate Bonds
Australia – 9.52%
32,022 Australia & New
Zealand Banking
Group Ltd
13,725 Commonwealth Bank
of Australia
12,488 Commonwealth Bank
of Australia
6,000 Commonwealth Bank
of Australia
1,452 National Australia
Bank Ltd
16,500 National Australia
Bank Ltd
5,000 National Australia
Bank Ltd
2,000 Westpac Banking Corp
22,209 Westpac Banking Corp
Austria – 1.10%
5,500 Oesterreichische
Kontrollbank AG
1,000 Oesterreichische
Kontrollbank AG
6,000 Oesterreichische
Kontrollbank AG
Canada – 5.86%
21,100 Royal Bank of Canada
11,200 Royal Bank of Canada
8,750 Toronto–Dominion
Bank
23,900 Toronto–Dominion
Bank
4,362 Total Capital Canada
Ltd
France – 3.04%
8,100 Dexia Credit Local SA
6,000 Total Capital
International SA
18,500 Total Capital
International SA
2,800 Total Capital SA
350 Total Capital SA
Germany – 5.46%
6,000 FMS Wertmanagement
AoeR
7,500 FMS Wertmanagement
AoeR
4,068 KFW
3,600 KFW
4,250 KFW
11,000 Landeskreditbank
Baden–Wuerttemberg
Foerderbank
6,500 NRW Bank
3,600 NRW Bank
Netherlands – 8.96%
10,700 Bank Nederlandse
Gemeenten NV
16,800 Bank Nederlandse
Gemeenten NV
20 Cooperatieve Centrale
Raiffeisen–
Boerenleenbank BA
22,440 Cooperatieve Centrale
Raiffeisen–
Boerenleenbank BA
21,000 Nederlandse
Waterschapsbank NV
Dimensional Fund Advisors
Maturity
Date
Value (000's)
EUR
% of Net
Asset
Value
2.250 13/06/2019
25,954
2.70
2.500 20/09/2018
11,322
1.18
2.250 13/03/2019
10,136
1.05
Coupon
Rate %
2.300
6/09/2019
4,868
0.51
3.625
8/11/2017
1,937
0.20
2.300 25/07/2018
13,549
1.41
2.250 1/07/2019
2.250 30/07/2018
2.250 17/01/2019
4,046
1,639
18,109
0.42
0.17
1.88
91,560
9.52
1.125 29/05/2018
4,402
0.46
2.000 17/12/2018
1,289
0.13
1.625 12/03/2019
4,856
0.51
10,547
1.10
2.200 27/07/2018
2.150 15/03/2019
17,250
9,094
1.79
0.95
2.625 10/09/2018
7,231
0.75
2/07/2019
19,274
2.01
1.450 15/01/2018
3,499
0.36
56,348
5.86
2.125
2.250 30/01/2019
6,644
0.69
2.125 10/01/2019
4,868
0.50
2.100 19/06/2019
2.125 10/08/2018
3.875 14/12/2018
14,986
2,287
480
1.56
0.24
0.05
29,265
3.04
1.625 20/11/2018
4,866
0.51
1.875
1.000
2.000
1.875
7/12/2018
7/12/2017
6/12/2018
1/04/2019
9,636
5,100
4,650
3,476
1.00
0.53
0.48
0.36
0.875 15/12/2017
0.875 15/12/2017
2.000 23/09/2019
13,710
8,088
2,922
1.43
0.84
0.31
52,448
5.46
7/12/2018
13,712
1.42
1.875 11/06/2019
13,644
1.42
1.700 19/03/2018
16
–
2.250 14/01/2019
18,339
1.91
1.875 13/03/2019
17,080
1.78
1.875
Face Value
(000's)
Corporate Bonds (continued)
Netherlands – 8.96% (continued)
5,000 Nederlandse
Waterschapsbank NV
16,400 Shell International
Finance BV
4,000 Shell International
Finance BV
3,000 Shell International
Finance BV
Norway – 1.99%
5,900 Statoil ASA
11,629 Statoil ASA
6,200 Statoil ASA
Supranational – 5.19%
3,000 African Development
Bank
8,000 Asian Development
Bank
600 European Investment
Bank
2,000 European Investment
Bank
13,350 European Investment
Bank
1,200 European Investment
Bank
8,000 European Investment
Bank
6,700 International Bank for
Reconstruction &
Development
6,000 International Finance
Corp
3,500 Nordic Investment
Bank
Sweden – 8.12%
30,815 Nordea Bank AB
3,220 Svensk Exportkredit
AB
27,700 Svensk Exportkredit
AB
3,600 Svenska
Handelsbanken AB
2,000 Svenska
Handelsbanken AB
9,250 Svenska
Handelsbanken AB
15,975 Svenska
Handelsbanken AB
United States – 20.11%
6,500 Apple Inc
24,300 Apple Inc
2,500 Berkshire Hathaway
Finance Corp
5,800 Berkshire Hathaway
Inc
18,896 Berkshire Hathaway
Inc
900 Chevron Corp
2,691 Chevron Corp
11,050 Coca–Cola Co
12,000 Exxon Mobil Corp
1,000 General Electric
Capital Corp
21,400 General Electric
Capital Corp
6,000 General Electric
Capital Corp
Coupon
Rate %
Maturity
Date
Value (000's)
EUR
% of Net
Asset
Value
1.750
5/09/2019
4,025
0.42
1.900 10/08/2018
13,354
1.39
2.000 15/11/2018
3,260
0.34
4.300 22/09/2019
2,666
0.28
86,096
8.96
4,673
9,420
5,013
0.49
0.98
0.52
19,106
1.99
2/10/2018
2,430
0.25
1.875 12/04/2019
6,531
0.68
4.750 15/10/2018
852
0.09
1.625 18/12/2018
1,622
0.17
1.150 15/05/2018
1.950 8/11/2018
2.250 8/11/2019
1.625
1.500
1/02/2019
16,887
1.76
5.375
7/03/2019
1,756
0.18
1.875 15/03/2019
6,541
0.68
1.875 15/03/2019
5,498
0.57
1.750
4,900
0.51
4/09/2018
1.875 14/06/2019
2,857
0.30
49,874
5.19
4/04/2019
25,169
2.62
1.875 21/12/2018
4,127
0.43
1.875 17/06/2019
22,516
2.34
1.625 21/03/2018
2,903
0.30
4.000 18/01/2019
2,741
0.28
2.500 25/01/2019
7,645
0.80
2.250 17/06/2019
12,982
1.35
78,083
8.12
3/05/2018
6/05/2019
5,153
19,760
0.54
2.06
2.000 15/08/2018
2,046
0.21
1.550
9/02/2018
4,681
0.49
2.100 14/08/2019
1.104 5/12/2017
1.718 24/06/2018
1.650 1/11/2018
1.819 15/03/2019
15,373
721
2,179
8,914
9,722
1.60
0.07
0.23
0.93
1.01
1/05/2018
911
0.09
2.300 14/01/2019
17,586
1.83
5,668
0.59
2.375
1.000
2.100
5.625
6.000
7/08/2019
Annual Report and Audited Financial Statements, 30 November 2014
111
Global Short Fixed Income Fund
Portfolio of Investments as at 30 November 2014 (continued)
Face Value
(000's)
Corporate Bonds (continued)
United States – 20.11% (continued)
2,500 General Electric Co
20,900 International Business
Machines Corp
12,000 Johnson & Johnson
19,747 Microsoft Corp
5,000 Pfizer Inc
27,939 Pfizer Inc
2,000 Procter & Gamble Co
2,450 Toyota Motor Credit
Corp
12,450 Toyota Motor Credit
Corp
9,508 Toyota Motor Credit
Corp
9,080 Toyota Motor Credit
Corp
Coupon
Rate %
Maturity
Date
Value (000's)
EUR
% of Net
Asset
Value
5.250
6/12/2017
2,231
0.23
1.950 12/02/2019
1.650 5/12/2018
1.625 6/12/2018
1.500 15/06/2018
2.100 15/05/2019
1.900 1/11/2019
16,894
9,758
16,054
4,037
22,730
1,617
1.76
1.02
1.67
0.42
2.36
0.17
1.375 10/01/2018
1,970
0.20
2.000 24/10/2018
10,168
1.06
2.100 17/01/2019
7,708
0.80
2.125 18/07/2019
Total Corporate Bonds – 69.35% (30 November 2013: 55.01%)
Government Bonds
Canada – 4.48%
9,000 Canada Government
International Bond
7,000 Export Development
Canada
1,500 Export Development
Canada
7,400 Province of Ontario
Canada
13,300 Province of Ontario
Canada
8,000 Province of Ontario
Canada
5,500 Province of Ontario
Canada
Denmark – 0.42%
5,000 Kommunekredit
Finland – 2.35%
3,000 Finland Government
International Bond
25,000 Municipality Finance
PLC
Japan – 2.19%
9,100 Japan Bank for
International
Cooperation
3,000 Japan Bank for
International
Cooperation
2,000 Japan Bank for
International
Cooperation
2,000 Japan Bank for
International
Cooperation
9,800 Japan Finance
Organization for
Municipalities
Norway – 1.63%
4,000 Kommunalbanken AS
7,000 Kommunalbanken AS
6,000 Kommunalbanken AS
Singapore – 2.82%
11,000 Singapore Government
Bond
Dimensional Fund Advisors
7,377
0.77
193,258
20.11
666,585
69.35
1.625 27/02/2019
7,300
0.76
1.500
3/10/2018
5,667
0.59
1.875 17/12/2018
1,933
0.20
2.000 27/09/2018
6,055
0.63
2.000 30/01/2019
10,869
1.13
1.650 27/09/2019
6,387
0.66
4.000
7/10/2019
4,866
0.51
43,077
4.48
4,004
0.42
4,004
0.42
1/10/2018
2,437
0.25
1.750 21/05/2019
20,203
2.10
22,640
2.35
1.750 31/07/2018
7,405
0.77
1.750 13/11/2018
2,436
0.25
2.125
7/02/2019
1,645
0.17
1.750 29/05/2019
1,618
0.17
1.125 15/03/2018
1.625
2.125
6/03/2019
1.125 15/12/2017
2.125 15/03/2019
1.750 28/05/2019
4.000
1/09/2018
7,975
0.83
21,079
2.19
5,020
5,757
4,853
0.52
0.60
0.51
15,630
1.63
7,512
0.78
Face Value
(000's)
Government Bonds (continued)
Singapore – 2.82% (continued)
30,140 Singapore Government
Bond
Sweden – 0.47%
5,500 Kommuninvest I
Sverige AB
United Kingdom – 13.08%
59,700 United Kingdom Gilt
8,500 United Kingdom Gilt
29,600 United Kingdom Gilt
United States – 2.57%
3,000 Federal Home Loan
Mortgage Corp
7,000 Federal National
Mortgage Association
5,500 Federal National
Mortgage Association
15,000 Federal National
Mortgage Association
Coupon
Rate %
Maturity
Date
Value (000's)
EUR
% of Net
Asset
Value
2.500
1/06/2019
19,595
2.04
27,107
2.82
4,487
0.47
4,487
0.47
75,553
12,179
38,006
7.86
1.27
3.95
125,738
13.08
1/08/2019
2,368
0.24
1.625 27/11/2018
5,678
0.59
1.875 19/02/2019
4,490
0.47
1.750 20/06/2019
12,173
1.27
2.000 12/11/2019
1.250 22/07/2018
4.500 7/03/2019
1.750 22/07/2019
1.250
24,709
2.57
Total Government Bonds – 30.01% (30 November 2013: 43.65%)
288,471
30.01
Total Investments – 99.36% (30 November 2013: 98.66%)
955,056
99.36
Annual Report and Audited Financial Statements, 30 November 2014
112
Global Short Fixed Income Fund
Portfolio of Investments as at 30 November 2014 (continued)
Forward Contracts
Buy Amount (000’s)
Buy
27,547 CHF
Buy
50 CHF
Buy
100 CHF
Buy
368 CHF
Buy
357 CHF
Buy
2 CHF
Buy
260 CHF
Buy
60 CHF
Buy
1,085 CHF
Buy
15 CHF
Buy
400 CHF
Buy
473 CHF
Buy
360 CHF
Buy
2 EUR
Buy
334 EUR
Buy
6,314 EUR
Buy
12,774 EUR
Buy
100,079 EUR
Buy
93,574 EUR
Buy
9,238 EUR
Buy
39 EUR
Buy
2 EUR
Buy
2 EUR
Buy
20 EUR
Buy
16 EUR
Buy
15 EUR
Buy
3,048 EUR
Buy
71 EUR
Buy
44 EUR
Buy
38 EUR
Buy
10 EUR
Buy
2,060 EUR
Buy
330 EUR
Buy
4 EUR
Buy
7 EUR
Buy
12 EUR
Buy
4 EUR
Buy
27,270 EUR
Buy
108,199 EUR
Buy
114,554 EUR
Buy
109,798 EUR
Buy
111,692 EUR
Buy
110,079 EUR
Buy
5,491 EUR
Buy
116,513 EUR
Buy
2,853 EUR
Buy
21,480 EUR
Buy
10,084 EUR
Buy
6,912 EUR
Buy
1,412 EUR
Buy
36,695 GBP
Buy
12 GBP
Buy
1,739 GBP
Buy
1,583 GBP
Buy
570 GBP
Buy
45 GBP
Buy
1,604 GBP
Buy
40 GBP
Buy
1 GBP
Buy
86 GBP
Buy
96 GBP
Buy
31 GBP
Buy
13,281,209 JPY
Dimensional Fund Advisors
Sell Amount (000’s)
Sell
22,755
Sell
41
Sell
83
Sell
305
Sell
296
Sell
2
Sell
216
Sell
50
Sell
901
Sell
12
Sell
333
Sell
394
Sell
300
Sell
2
Sell
404
Sell
4,958
Sell
10,227
Sell
79,227
Sell
73,604
Sell
7,397
Sell
31
Sell
1
Sell
1
Sell
15
Sell
12
Sell
12
Sell
2,415
Sell
56
Sell
35
Sell
30
Sell
8
Sell
289,778
Sell
47,369
Sell
36
Sell
60
Sell
100
Sell
40
Sell
44,051
Sell
137,494
Sell
143,429
Sell
137,529
Sell
138,642
Sell
138,042
Sell
6,849
Sell
144,671
Sell
3,549
Sell
26,783
Sell
12,593
Sell
8,609
Sell
1,772
Sell
45,823
Sell
16
Sell
2,183
Sell
2,028
Sell
719
Sell
56
Sell
2,054
Sell
50
Sell
1
Sell
108
Sell
120
Sell
39
Sell
97,436
Counterparty
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CHF
CHF
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
JPY
JPY
NOK
NOK
NOK
SEK
SGD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
Royal Bank of Scotland
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
CitiBank
CitiBank
JP Morgan
JP Morgan
Royal Bank of Scotland
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
Morgan Stanley
CitiBank
JP Morgan
Morgan Stanley
Morgan Stanley
Morgan Stanley
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
Morgan Stanley
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
Maturity Date
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
10/12/2014
01/12/2014
10/12/2014
22/12/2014
20/01/2015
02/12/2014
22/12/2014
20/01/2015
01/12/2014
12/01/2015
12/01/2015
12/01/2015
12/01/2015
12/01/2015
20/01/2015
22/01/2015
22/01/2015
22/01/2015
22/01/2015
16/01/2015
16/01/2015
01/12/2014
04/12/2014
04/12/2014
01/12/2014
08/12/2014
03/12/2014
08/12/2014
04/12/2014
18/12/2014
20/01/2015
01/12/2014
10/12/2014
15/12/2014
15/12/2014
15/12/2014
15/12/2014
19/12/2014
22/01/2015
01/12/2014
22/12/2014
22/12/2014
22/12/2014
12/01/2015
12/01/2015
12/01/2015
12/01/2015
22/01/2015
22/01/2015
22/01/2015
09/01/2015
Unrealised
Appreciation/(Depreciation)
of Contracts (000's)
EUR
170
–
–
1
1
–
–
–
2
–
–
–
–
–
(2)
84
(73)
497
1,079
(54)
–
–
–
–
–
–
14
–
–
–
–
97
9
–
–
–
–
109
(2,299)
(711)
(727)
280
(826)
(13)
251
1
(43)
(36)
(6)
(11)
271
–
2
(39)
(3)
–
(38)
(1)
–
1
1
–
(7,453)
% of Net
Asset
Value
0.02
–
–
–
–
–
–
–
–
–
–
–
–
–
–
0.01
(0.01)
0.05
0.11
(0.01)
–
–
–
–
–
–
–
–
–
–
–
0.01
–
–
–
–
–
0.01
(0.24)
(0.07)
(0.08)
0.03
(0.09)
–
0.03
–
–
–
–
–
0.03
–
–
–
–
–
–
–
–
–
–
–
(0.78)
Annual Report and Audited Financial Statements, 30 November 2014
113
Global Short Fixed Income Fund
Portfolio of Investments as at 30 November 2014 (continued)
Forward Contracts (continued)
Unrealised
Appreciation/(Depreciation)
of Contracts (000's)
EUR
(111)
(8,503)
(71)
(305)
(256)
–
–
–
(9)
(94)
(1)
–
–
–
13
341
–
–
354
% of Net
Asset
Value
(0.01)
(0.89)
(0.01)
(0.03)
(0.03)
–
–
–
–
(0.01)
–
–
–
–
–
0.04
–
–
0.04
Unrealised Appreciation of Forward Foreign Exchange Contracts
Unrealised Depreciation of Forward Foreign Exchange Contracts
3,578
(21,685)
0.38
(2.26)
Net Unrealised Depreciation of Forward Foreign Exchange Contracts – (1.88)% (30 November 2013: (0.16)%)
(18,107)
(1.88)
Value (000's)
EUR
15,825
% of Net
Asset
Value
1.65
Buy Amount (000’s)
Buy
181,117 JPY
Buy
15,071,581 JPY
Buy
300,000 JPY
Buy
500,000 JPY
Buy
77,771 NOK
Buy
36 NOK
Buy
44 SEK
Buy
140 SEK
Buy
11,540 SEK
Buy
71,512 SEK
Buy
2,300 SEK
Buy
750 SEK
Buy
40 SEK
Buy
880 SEK
Buy
6,672 USD
Buy
24,945 USD
Buy
5 USD
Buy
50 USD
Buy
57,621 USD
Sell Amount (000’s)
Sell
1,338
Sell
110,616
Sell
2,104
Sell
3,692
Sell
9,140
Sell
4
Sell
5
Sell
15
Sell
1,253
Sell
7,801
Sell
249
Sell
81
Sell
4
Sell
95
Sell
5,349
Sell
19,705
Sell
4
Sell
40
Sell
45,949
Counterparty
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
State Street Bank
Cash and Cash Equivalents – 1.65% (30 November 2013: 1.16%)
Other Assets in Excess of Liabilities – 0.87% (30 November 2013: 0.34%)
Total Net Assets
Maturity Date
09/01/2015
16/01/2015
16/01/2015
16/01/2015
04/12/2014
04/12/2014
14/01/2015
14/01/2015
14/01/2015
14/01/2015
14/01/2015
14/01/2015
14/01/2015
14/01/2015
10/12/2014
15/12/2014
15/12/2014
19/12/2014
19/12/2014
8,386
0.87
961,160
100.00
- Amounts designated as “–“ are either €0, less than €500 or less than 500 shares.
Analysis of Total Assets
Transferable securities admitted to an official exchange listing or traded on a regulated market
OTC Financial derivative instruments
Current assets
% of Total Assets
95.70%
0.36%
3.94%
Total Assets
Dimensional Fund Advisors
100.00%
Annual Report and Audited Financial Statements, 30 November 2014
114