 | | Style Box Details |
| | | Average Eff Duration | --- | | Average Eff Maturity | --- | | Average Credit Quality | --- | | | |
 | | Investment Style History (as of 12-31) |
| | |
| | | | | | % of Net Assets |  | Cash | 0.0 |  | Stocks | 100.0 |  | Bonds | 0.0 |  | Other | 0.0 |  |  | | Foreign Stocks | 100.0 |
|  |  | |
| Bond Quality (% of Bonds) | |
| | | AAA | --- | | BB | --- | | AA | --- | | B | --- | | A | --- | | Below B | --- | | BBB | --- | | Not Rated | --- |
| | | Total Number of Bond Holdings | 0 | | Annual Turnover % | 24 | | Total Number of Stock Holdings | 50 | | % Assets in Top 10 Holdings | 50.29 | |
 |  |  |  |  |  | | Top 25 Holdings | Maturity Date | Amount $000 | Value $000 | % Net Assets | |  | Guaranty Trust Bank PLC | --- | 39,482 | 6,422 | 6.77 |  | Old Mutual PLC | --- | 1,752 | 5,547 | 5.85 |  | Tullow Oil PLC | --- | 346 | 5,333 | 5.62 |  | First Bank Of Nigeria PLC | --- | 44,204 | 5,205 | 5.49 |  | Zenith Bank PLC | --- | 39,978 | 5,073 | 5.35 | |  |  | Nigerian Breweries PLC | --- | 4,712 | 4,903 | 5.17 |  | Orascom Construction Industries SAE | --- | 122 | 4,534 | 4.78 |  | Mtn Group Limited | --- | 219 | 3,910 | 4.12 |  | Naspers Ltd | --- | 58 | 3,818 | 4.03 |  | Commercial International Bank (Egypt) SAE | --- | 809 | 3,569 | 3.76 | |  |  | Attijariwafa bank | --- | 90 | 3,566 | 3.76 |  | First Quantum Minerals Ltd | --- | 182 | 3,090 | 3.26 |  | Sasol, Ltd. | --- | 71 | 3,044 | 3.21 |  | Randgold Resources Ltd ADR | --- | 35 | 2,782 | 2.93 |  | Maroc Telecom | --- | 202 | 2,683 | 2.83 | |  |  | Orascom Telecom Holding SAE | --- | 3,553 | 2,389 | 2.52 |  | Subsea 7 SA | --- | 107 | 2,304 | 2.43 |  | Standard Bank Group Ltd. | --- | 183 | 2,259 | 2.38 |  | United Bank for Africa PLC | --- | 41,996 | 1,826 | 1.93 |  | Banque Centrale Populaire SA | --- | 63 | 1,402 | 1.48 | |  |  | Remgro, Ltd. | --- | 67 | 1,346 | 1.42 |  | Banque Marocaine du Commerce Exterieur SA | --- | 58 | 1,340 | 1.41 |  | Sanlam Limited | --- | 262 | 1,327 | 1.40 |  | Firstrand Limited | --- | 363 | 1,248 | 1.32 |  | Douja Promotion Groupe Addoha | --- | 188 | 1,223 | 1.29 |
 |  | | Data as of 04-30-13 |
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