 | | Style Box Details |
| | | Average Eff Duration | --- | | Average Eff Maturity | --- | | Average Credit Quality | --- | | | |
 | | Investment Style History (as of 12-31) |
| | |
| | | | | | % of Net Assets |  | Cash | 0.1 |  | Stocks | 98.6 |  | Bonds | 0.0 |  | Other | 1.3 |  |  | | Foreign Stocks | 98.6 |
|  |  | |
| Bond Quality (% of Bonds) | |
| | | AAA | --- | | BB | --- | | AA | --- | | B | --- | | A | --- | | Below B | --- | | BBB | --- | | Not Rated | --- |
| | | Total Number of Bond Holdings | 0 | | Annual Turnover % | 1 | | Total Number of Stock Holdings | 48 | | % Assets in Top 10 Holdings | 55.25 | |
 |  |  |  |  |  | | Top 25 Holdings | Maturity Date | Amount $000 | Value $000 | % Net Assets | | | Mtn Group Limited | --- | 3,297 | 64,290 | 12.22 | | Naspers Ltd | --- | 762 | 57,437 | 10.92 | | Sasol, Ltd. | --- | 1,068 | 47,397 | 9.01 | | Standard Bank Group Ltd. | --- | 2,342 | 28,402 | 5.40 | | Firstrand Limited | --- | 6,032 | 20,193 | 3.84 | |  | | Sanlam Limited | --- | 3,472 | 18,350 | 3.49 | | Remgro, Ltd. | --- | 842 | 17,859 | 3.39 | | Bidvest Group Ltd | --- | 574 | 15,810 | 3.00 | | Shoprite Holdings Ltd | --- | 832 | 15,654 | 2.98 | | Aspen Pharmacare Holdings PLC | --- | 576 | 13,362 | 2.54 | |  | | Anglogold Ashanti Limited | --- | 746 | 12,870 | 2.45 | | Woolworths Group Limited | --- | 1,472 | 12,437 | 2.36 | | Impala Platinum Holdings | --- | 1,044 | 10,905 | 2.07 | | Growthpoint Properties Ltd. | --- | 3,266 | 10,605 | 2.02 | | Tiger Brands Limited | --- | 316 | 10,497 | 1.99 | |  | | ABSA Group Ltd | --- | 559 | 9,107 | 1.73 | | Vodacom Group Ltd | --- | 723 | 8,925 | 1.70 | | Kumba Iron Ore Limited | --- | 157 | 8,540 | 1.62 | | Truworths International Limited | --- | 853 | 8,387 | 1.59 | | Gold Fields Ltd | --- | 1,420 | 8,371 | 1.59 | |  | | Imperial Holdings Limited | --- | 351 | 8,320 | 1.58 | | Nedbank Group, Ltd. | --- | 395 | 7,767 | 1.48 | | Life Healthcare Group Holdings Ltd. | --- | 1,824 | 6,930 | 1.32 | | Redefine Props (Unit) | --- | 5,384 | 6,655 | 1.26 | | Mr Price Group Limited | --- | 464 | 6,448 | 1.23 |
 |  | | Data as of 05-20-13 |
|