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Portfolio Data as of June 30, 2010
Top 10 Holdings |
| China Mobile, Ltd. |
CAC |
Telecom Services |
3.3% |
| Tingyi (Cayman Islands) Holding Corp. |
SAR |
Consumer Staples |
2.6% |
| Lianhua Supermarket Holdings Co., Ltd. |
H |
Consumer Staples |
2.6% |
| Cheung Kong Infrastructure Holdings, Ltd. |
SAR |
Utilities |
2.4% |
| Hong Kong & China Gas Co., Ltd. |
SAR |
Utilities |
2.4% |
| China Life Insurance Co., Ltd. |
H |
Financials |
2.3% |
| Golden Eagle Retail Group, Ltd. |
SAR |
Consumer Discretionary |
2.3% |
| CNOOC, Ltd. |
CAC |
Energy |
2.3% |
| Belle International Holdings, Ltd. |
SAR |
Consumer Discretionary |
2.2% |
| Hengan International Group Co., Ltd. |
SAR |
Consumer Staples |
2.2% |
| 24.6% |
Top 10 holdings may combine more than one security from the same issuer.
† Definitions: SAR (Hong Kong) companies are companies that conduct business in Hong Kong and/or mainland China. China-affiliated corporations [CAC], also known as "Red Chips," are mainland China companies with partial state ownership listed in Hong Kong, and incorporated in Hong Kong. H Shares are mainland China companies listed on the Hong Kong exchange but incorporated in mainland China. B Shares are mainland Chinese companies listed on the Shanghai and Shenzhen stock exchanges, available to both Chinese and non-Chinese investors. Overseas Listed [OL] companies are companies that conduct business in mainland China but listed in overseas markets such as Japan, Singapore, Taiwan and the United States.
|
Sector Allocation (%)a |
| Consumer Discretionary |
22.7 |
5.4 |
17.3 |
| Financials |
19.0 |
38.1 |
-19.1 |
| Consumer Staples |
13.7 |
6.2 |
7.5 |
| Industrials |
12.0 |
7.5 |
4.5 |
| Information Technology |
11.7 |
4.8 |
6.9 |
| Energy |
6.2 |
16.8 |
-10.6 |
| Utilities |
6.1 |
2.0 |
4.1 |
| Telecom Services |
4.6 |
13.3 |
-8.7 |
| Health Care |
2.5 |
0.9 |
1.6 |
| Materials |
0.0 |
5.0 |
-5.0 |
| Cash and Other Assets, Less Liabilities |
1.5 |
0.0 |
1.5 |
| |
Sector data based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.
Source: FactSet
Research Systems. |
China Exposure (%)a |
| SAR (Hong Kong) |
41.4 |
| H Share |
30.2 |
| China-affiliated corporations (CAC) |
17.9 |
| Overseas Listed companies (OL) |
7.7 |
| B Share |
1.3 |
Cash and Other Assets, Less Liabilities
|
1.5 |
| |
|
| See definitions above. |
Market Cap Exposure (%)a,b |
| Large cap (over $5 billion) |
68.3 |
78.8 |
-10.5 |
| Mid cap ($1 - $5 billion) |
26.9 |
20.5 |
6.4 |
| Small cap (under $1 billion) |
3.3 |
0.7 |
2.6 |
Cash and Other Assets, Less Liabilities
|
1.5 |
0.0 |
1.5 |
| Source:
FactSet Research Systems. |
Portfolio Characteristicsc |
| Number of securities |
64 |
| Weighted average market cap |
$25.5 bil |
| P/E using FY1 Estimates |
17.3x |
| P/E using FY2 Estimates |
14.9x |
| Source: FactSet Research
Systems.
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^ The MSCI China Index is a free float-adjusted market
capitalization-weighted index of Chinese equities that includes China-affiliated
corporations and H shares listed on the Hong Kong exchange, and B shares
listed on the Shanghai and Shenzhen exchanges. It is not possible to
invest directly in an index.
a Percentage values in data are rounded to the nearest tenth of one percent; the values may not sum to 100% due to marginal rounding errors.
b Equity market cap of issuer.
c The P/E figures represent the Harmonic Average P/E- which measures the price/earnings ratio of the Fund's entire portfolio, excluding negative earners- weighted by the size of the company's position within the portfolio.
The information contained in this document does not, in any way, constitute investment advice. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned. Information on this document is from sources considered reliable, but no representation or warranty is made as to its completeness or accuracy.
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