TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

CALTEX AUSTRALIA LTD 0.04%

ENAGAS 0.05%

EQUINOR ASA 0.10%

IDEMITSU KOSAN CO LTD 0.32%

INPEX HOLDINGS INC 0.04%

JX HOLDINGS INC 0.02%

NESTE OIL OYJ 1.10%

OMV AG 0.05%

SAIPEM 0.02%

SANTOS LTD 0.06%

SBM OFFSHORE NV 0.16%

SHOWA SHELL SEKIYU KK 0.04%

SNAM RETE GAS 0.07%

SUBSEA 7 INC 0.02%

TECHNIPFMC PLC FP 0.07%

TGS NOPEC GEOPHYSICAL CO ASA 0.02%

TULLOW OIL PLC 0.33%

WASHINGTON H. SOUL PATTINSON 0.01%

WOOD GROUP (JOHN) PLC 0.03%

AIR LIQUIDE 0.19%

AKZO NOBEL 0.15%

ALUMINA LTD 0.03%

AMCOR LIMITED 0.08%

ANGLO AMERICAN PLC 0.02%

ASAHI KASEI CORP 0.10%

AVON RESOURCES LTD 0.61%

BHP GROUP PLC 0.06%

BLUESCOPE STEEL LTD 0.15%

CHR HANSEN HOLDING A/S 0.07%

CLARIANT AG-REG 0.03%

DAICEL CHEMICAL INDUSTRIES 0.02%

DOWA HOLDINGS CO LTD 0.01%

EMS-CHEMIE HOLDING AG-REG 0.03%

FLETCHER BUILDING LTD 0.36%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

FORTESCUE METALS GROUP LTD 0.39%

GIVAUDAN-REG 0.14%

HUHTAMAKI OYJ 0.02%

ISRAEL CHEMICALS LTD 0.02%

JAMES HARDIE INDUSTRIES-CDI 0.05%

JFE HOLDINGS INC 0.03%

K+S AG 0.03%

KOBE STEEL LTD 0.20%

KURARAY CO LTD 0.01%

MARUICHI STEEL TUBE LTD 0.02%

MINERAL RESOURCES LTD 0.01%

MITSUBISHI MATERIALS CORP 0.02%

NEWCREST MINING LTD 1.38%

NIPPON PAPER INDUSTRIES CO L 0.02%

NIPPON SHOKUBAI CO LTD 0.01%

NITTO DENKO CORP 0.04%

NORSK HYDRO ASA 0.06%

NORTHERN STAR RESOURCES LTD 0.63%

NOVOZYMES A/S-B SHARES 0.03%

OJI PAPER CO LTD 0.04%

ORICA LTD 0.02%

ORORA LTD 0.02%

RPC GROUP PLC 0.10%

SIKA AG-BR 0.01%

SMURFIT KAPPA GROUP PLC 0.05%

SOUTH32 LTD 0.05%

STORA ENSO OYJ-R SHS 0.04%

SUMITOMO OSAKA CEMENT CO LTD 0.01%

SYMRISE AG 0.05%

TAIYO NIPPON SANSO CORP 0.02%

TOKAI CARBON CO LTD 0.06%

TORAY INDUSTRIES INC 0.02%

TOYO SEIKAN KAISHA LTD 0.03%

UPM-KYMMENE OYJ 0.08%

VICTREX PLC 0.02%

WIENERBERGER AG 0.02%

YARA INTERNATIONAL ASA 0.02%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

A P MOLLER - MAERSK A/S - B 0.05%

ABB LTD-REG 0.03%

ADP 0.05%

AENA SA 0.06%

AGGREKO PLC 0.02%

AIR FRANCE-KLM 0.48%

ALFA LAVAL AB 0.04%

ALL NIPPON AIRWAYS CO LTD 0.09%

ALS LTD 0.02%

ALSTOM 0.05%

ANDRITZ AG 0.02%

ASSA ABLOY AB-B 0.05%

ATLANTIA SPA 0.11%

AURIZON HOLDINGS LTD 0.05%

BOUYGUES SA 0.01%

BRAMBLES LTD 0.08%

BRENNTAG AG 0.05%

BRITISH AIRWAYS PLC 0.10%

BUNZL PLC 0.08%

BUREAU VERITAS SA 0.03%

CENTRAL JAPAN RAILWAY CO 0.28%

CIMIC GROUP LTD 0.02%

CK HUTCHISON HOLDINGS LTD 0.18%

CLEANAWAY WASTE MANAGEMENT L 0.02%

COBHAM PLC 0.46%

COMFORTDELGRO CORP LTD 0.07%

COMSYS HOLDINGS CORP 0.02%

DASSAULT AVIATION SA 0.02%

DEUTSCHE LUFTHANSA-REG 0.10%

DOWNER EDI LTD 0.01%

DSV A/S 0.07%

EAST JAPAN RAILWAY CO 0.24%

EASYJET PLC 0.12%

EDENRED 0.06%

ELIS SA 0.03%

EPIROC AB-A 0.06%

FERROVIAL SA 0.02%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

FISCHER (GEORG)-REG 0.03%

FLUGHAFEN ZUERICH AG-REG 0.02%

FRAPORT AG 0.02%

FURUKAWA ELECTRIC CO LTD/THE 0.01%

G4S PLC 0.03%

GEA GROUP AG 0.06%

GEBERIT AG-REG 0.11%

GLORY LTD 0.01%

GROUPE EUROTUNNEL SA - REGR 0.07%

HANKYU HANSHIN HOLDINGS INC 0.06%

HOCHTIEF AG 0.04%

HOMESERVE PLC 0.02%

HOSHIZAKI CORP 0.11%

HOWDEN JOINERY GROUP PLC 0.09%

IHI CORP 0.03%

IMI PLC 0.03%

INTERTEK GROUP PLC 0.08%

ISS A/S 0.04%

ITOCHU CORP 0.05%

JAPAN AIRLINES CO LTD 0.10%

JARDINE MATHESON HLDGS LTD 0.93%

JARDINE STRATEGIC HLDGS LTD 0.49%

JGC CORP 0.02%

JS GROUP CORP 0.03%

KABA HOLDING AG-REG B 0.12%

KAJIMA CORP 0.04%

KAMIGUMI CO LTD 0.02%

KEIHAN ELECTRIC RAILWAY CO 0.03%

KEIHIN ELEC EXPRESS RAILWAY 0.03%

KEIO CORP 0.05%

KEISEI ELECTRIC RAILWAY CO 0.04%

KINDEN CORP 0.02%

KINGSPAN GROUP PLC 0.05%

KINTETSU CORP 0.06%

KION GROUP AG 0.07%

KONE OYJ-B 0.13%

KUEHNE & NAGEL INTL AG-REG 0.06%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

KYOWA EXEO CORP 0.01%

KYUDENKO CORP 0.01%

KYUSHU RAILWAY COMPANY 0.04%

MACQUARIE ATLAS ROADS GROUP 0.02%

MARUBENI CORP 0.09%

MEGGITT PLC 0.04%

MELROSE INDUSTRIES PLC 0.13%

MITSUBISHI CORP 0.01%

MITSUBISHI HEAVY INDUSTRIES 0.09%

MONOTARO CO LTD 0.02%

MTR CORP 0.07%

MTU AERO ENGINES HOLDING AG 0.07%

NAGOYA RAILROAD CO LTD 0.04%

NANKAI ELECTRIC RAILWAY CO 0.02%

NIPPON EXPRESS CO LTD 0.04%

OBAYASHI CORP 0.05%

OC OERLIKON CORP AG-REG 0.02%

ODAKYU ELECTRIC RAILWAY CO 0.06%

OSRAM LICHT AG 0.12%

PARK24 CO LTD 0.38%

PENTA-OCEAN CONSTRUCTION CO 0.01%

PHILIPS LIGHTING NV 0.19%

QANTAS AIRWAYS LTD 0.05%

QUBE LOGISTICS HOLDINGS LTD 0.02%

RECRUIT HOLDINGS CO LTD 0.22%

REED ELSEVIER PLC 0.16%

RELIANCE WORLDWIDE CORP LTD 0.31%

RENTOKIL INITIAL PLC 0.06%

REXEL SA 0.02%

ROTORK PLC 0.02%

ROYAL MAIL PLC 0.22%

SAAB AB-B 0.02%

SANKYU INC 0.02%

SATS LTD 0.16%

SECOM CO LTD 0.11%

SECURITAS AB-B SHS 0.02%

SEIBU HOLDINGS INC 0.04%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

SEINO HOLDINGS CO LTD 0.02%

SGS SA-REG 0.05%

SHIMIZU CORP 0.04%

SIEMENS GAMESA RENEWABLE ENE 0.15%

SINGAPORE AIRLINES LTD 0.02%

SINGAPORE TECHNOLOGIES ENG 0.03%

SKANSKA AB-B SHS 0.05%

SOHGO SECURITY SERVICES CO 0.03%

SOJITZ CORP 0.03%

SOTETSU HOLDINGS INC 0.02%

SPIRAX-SARCO ENGINEERING PLC 0.04%

SUMITOMO CORP 0.06%

SYDNEY AIRPORT 0.07%

TAISEI CORP 0.07%

TECHNOPRO HOLDINGS INC 0.01%

TELEPERFORMANCE 0.07%

TEMP HOLDINGS CO LTD 0.02%

TOBU RAILWAY CO LTD 0.04%

TOKYU CORP 0.08%

TOMRA SYSTEMS ASA 0.03%

TOPPAN PRINTING CO LTD 0.01%

TRANSURBAN GROUP 0.17%

TRAVIS PERKINS PLC 0.06%

VAT GROUP AG 0.02%

VESTAS WIND SYSTEMS A/S 0.63%

VOLVO AB-B SHS 0.08%

WEST JAPAN RAILWAY CO 0.10%

WOLTERS KLUWER 0.02%

YAMATO HOLDINGS CO LTD 0.18%

YANGZIJIANG SHIPBUILDING 0.02%

ABC-MART INC 0.27%

ACCOR SA 0.07%

ADIDAS AG 0.39%

AISIN SEIKI CO LTD 0.04%

ASICS CORP 0.23%

B&M EUROPEAN VALUE RETAIL SA 0.05%

BARRATT DEVELOPMENTS PLC 0.05%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

BAYERISCHE MOTOREN WERKE AG 0.13%

BAYERISCHE MOTOREN WERKE-PFD 0.03%

BELLWAY PLC 0.03%

BENESSE HOLDINGS INC 0.12%

BERKELEY GROUP HOLDINGS-UNIT 0.09%

BRIDGESTONE CORP 0.06%

BURBERRY GROUP PLC 0.07%

CARNIVAL PLC 0.06%

CIE FINANCIERE RICHEMON-BR A 0.07%

COMPASS GROUP PLC 0.26%

CONTINENTAL AG 0.12%

CROWN LTD 0.02%

DAIMLERCHRYSLER AG-REG 0.04%

DOMINO'S PIZZA ENTERPRISES L 0.25%

DUFRY AG-REG 0.02%

ECHO ENTERTAINMENT GROUP LTD 0.02%

ELECTROLUX AB-SER B 0.04%

ESSILORLUXOTTICA 0.21%

FAST RETAILING CO LTD 0.23%

FAURECIA 0.02%

FERRARI NV 0.04%

FIAT CHRYSLER AUTOMOBILES NV 0.22%

FLIGHT CENTRE LIMITED 0.17%

FUJI HEAVY INDUSTRIES LTD 0.10%

GALAXY ENTERTAINMENT GROUP L 0.11%

GENTING SINGAPORE PLC 0.03%

GVC HOLDINGS PLC 0.04%

HENNES & MAURITZ AB-B SHS 0.28%

HERMES INTERNATIONAL 0.13%

HIKARI TSUSHIN INC 0.05%

HONDA MOTOR CO LTD 0.07%

HUGO BOSS AG -ORD 0.03%

HUSQVARNA AB-B SHS 0.06%

INCHCAPE PLC 0.04%

INDITEX 0.22%

ISETAN MITSUKOSHI HOLDINGS L 0.07%

IZUMI CO LTD 0.04%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

J FRONT RETAILING CO LTD 0.02%

JB HI-FI LTD 0.02%

JUST EAT PLC 0.05%

K'S HOLDINGS CORP 0.24%

KERING 0.04%

KINGFISHER PLC 0.14%

MARKS & SPENCER GROUP PLC 0.06%

MARUI GROUP CO LTD 0.03%

MAZDA MOTOR CORP 0.05%

MELCO CROWN ENTERTAINME-ADR 0.03%

MICHELIN (CGDE)-B 0.14%

MINTH GROUP LTD 0.20%

MITSUBISHI MOTORS CORP 0.32%

MONCLER SPA 0.05%

NAGACORP LTD 0.25%

NAMCO BANDAI HOLDINGS INC 0.48%

NEXT PLC 0.62%

NHK SPRING CO LTD 0.01%

NIKON CORP 0.03%

NISSAN MOTOR CO LTD 0.14%

NITORI CO LTD 0.95%

NOKIAN RENKAAT OYJ 0.03%

OCADO GROUP PLC 0.35%

ORIENTAL LAND CO LTD 0.60%

PADDY POWER BETFAIR PLC GBP 0.09%

PAN PACIFIC INTERNATIONAL HO 0.24%

PANASONIC CORP 0.05%

PANDORA A/S 0.66%

PERSIMMON PLC 0.07%

PEUGEOT SA 0.13%

PRADA S.P.A. 0.25%

PUMA AG 0.21%

RAKUTEN INC 0.04%

RINNAI CORP 0.02%

RYOHIN KEIKAKU CO LTD 0.11%

SAMSONITE INTERNATIONAL SA 0.43%

SANKYO CO LTD 0.04%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

SEB SA 0.03%

SEGA SAMMY HOLDINGS INC 0.19%

SEKISUI HOUSE LTD 0.04%

SHANGRI-LA ASIA LTD 0.02%

SHARP CORP 0.02%

SHIMAMURA CO LTD 0.28%

SHIMANO INC 0.12%

SJM HOLDINGS LTD 0.01%

SKYLARK CO LTD 0.38%

SODEXHO ALLIANCE SA 0.07%

SSP GROUP PLC 0.03%

SUMITOMO RUBBER INDUSTRIES 0.02%

SUZUKI MOTOR CORP 0.32%

TABCORP HOLDINGS LTD 0.05%

TAKASHIMAYA CO LTD 0.05%

TAYLOR WIMPEY PLC 0.04%

TECHTRONIC INDUSTRIES CO 0.83%

THE SWATCH GROUP AG-BR 0.02%

TOYO TIRE & RUBBER CO LTD 0.04%

TOYOTA MOTOR CORP 0.02%

TS TECH CO LTD 0.01%

TUI AG-DI 0.05%

VALEO SA 0.05%

WESFARMERS LTD 0.18%

WYNN MACAU LTD 0.02%

XINYI GLASS HOLDINGS LTD 0.30%

YAMADA DENKI CO LTD 0.15%

YAMAHA CORP 0.01%

YAMAHA MOTOR CO LTD 0.04%

YUE YUEN INDUSTRIAL HLDG 0.39%

ZALANDO SE 0.11%

ZENSHO CO LTD 0.02%

ZOZO INC 0.03%

A2 MILK CO LTD NZ 0.78%

AEON CO LTD 0.10%

AIN PHARMACIEZ INC 0.30%

AJINOMOTO CO INC 0.07%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

ANHEUSER-BUSCH INBEV SA/NV 0.40%

ASAHI BREWERIES LTD 0.13%

ASSOCIATED BRITISH FOODS PLC 0.07%

BARRY CALLEBAUT AG-REG 0.02%

BEIERSDORF AG 0.08%

BRITVIC PLC 0.02%

CALBEE INC 0.16%

CARLSBERG AS-B 0.09%

CARREFOUR SA 0.15%

COCA-COLA AMATIL LTD 0.02%

COCA-COLA HBC AG-CDI 0.05%

COCA-COLA WEST HOLDINGS CO L 0.22%

COLRUYT SA 0.07%

COSMOS PHARMACEUTICAL CORP 0.24%

DAIRY FARM INTL HLDGS LTD 0.42%

DANONE 0.09%

DAVIDE CAMPARI-MILANO SPA 0.03%

DIAGEO PLC 0.18%

ESSITY AKTIEBOLAG-B 0.11%

EZAKI GLICO CO LTD 0.39%

FAMILYMART CO LTD 1.11%

FANCL CORP 0.02%

GLANBIA PLC 0.59%

HEINEKEN HOLDING NV 0.04%

HEINEKEN NV 0.13%

HENKEL KGAA 0.02%

HOUSE FOODS CORPORATION 0.02%

ICA GRUPPEN AB 0.05%

ITO EN LTD 0.02%

JERONIMO MARTINS 0.03%

KAGOME CO LTD 0.01%

KAO CORP 0.28%

KERRY GROUP PLC-A 1.14%

KESKO OYJ-B SHS 0.03%

KEWPIE CORP 0.11%

KIRIN HOLDINGS CO LTD 0.13%

KONINKLIJKE AHOLD NV 0.43%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

L'OREAL 0.20%

LAWSON INC 0.46%

LINDT & SPRUENGLI AG-PC 0.07%

LINDT & SPRUENGLI AG-REG 0.19%

LION CORP 0.52%

MEIJI HOLDINGS CO LTD 0.08%

METCASH LTD 0.21%

METRO AG 0.40%

MORINAGA & CO LTD 0.26%

MORRISON <WM.> SUPERMARKETS 0.05%

MOWI ASA 0.09%

NESTLE SA-REG 1.29%

NH FOODS LTD 0.15%

NICHIREI CORP 0.33%

NISSIN FOOD PRODUCTS CO LTD 0.03%

ORKLA ASA 0.09%

PERNOD-RICARD SA 0.22%

PIGEON CORP 0.04%

RECKITT BENCKISER GROUP PLC 0.42%

REMY COINTREAU 0.02%

ROYAL UNIBREW 0.11%

SAINSBURY (J) PLC 0.06%

SALMAR ASA 0.12%

SAPPORO HOLDINGS LTD 0.05%

SEVEN & I HOLDINGS CO LTD 0.26%

SHISEIDO CO LTD 0.10%

SUGI HOLDINGS CO LTD 0.01%

SUN ART RETAIL GROUP LTD 0.25%

SUNTORY BEVERAGE & FOOD LTD 0.04%

TAKARA HOLDINGS INC 0.15%

TATE & LYLE PLC 0.12%

TESCO PLC 0.21%

TOYO SUISAN KAISHA LTD 0.05%

TREASURY WINE ESTATES LTD 0.06%

TSURUHA HOLDINGS INC 0.02%

UNICHARM CORP 0.10%

UNILEVER NV-CVA 0.50%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

UNILEVER PLC 0.43%

VITASOY INTL HOLDINGS LTD 0.08%

WH GROUP LTD 0.98%

WILMAR INTERNATIONAL LTD 0.03%

WOOLWORTHS LTD 0.21%

YAKULT HONSHA CO LTD 0.11%

YAMAZAKI BAKING CO LTD 0.24%

AMARIN CORP PLC -ADR 0.62%

AMBU A/S-B 0.26%

ANSELL LTD 0.02%

ASAHI INTECC CO LTD 0.24%

ASTELLAS PHARMA INC 0.19%

ASTRAZENECA PLC 0.74%

BIOMERIEUX 0.02%

CARL ZEISS MEDITEC AG - BR 0.02%

COCHLEAR LTD 0.05%

COLOPLAST-B 0.14%

CONVATEC GROUP PLC 0.19%

CSL LTD 0.43%

DAIICHI SANKYO CO LTD 0.15%

DECHRA PHARMACEUTICALS PLC 0.02%

EISAI CO LTD 0.19%

ELEKTA AB-B SHS 0.07%

EUROFINS SCIENTIFIC 0.03%

EVOTEC AG 0.02%

FRESENIUS MEDICAL CARE AG 0.11%

FRESENIUS SE 0.15%

GENMAB A/S 0.08%

GLAXOSMITHKLINE PLC 0.73%

GN STORE NORD A/S 0.05%

GRIFOLS SA 0.06%

GRIFOLS SA - B 0.04%

GW PHARMACEUTICALS -ADR 0.31%

H LUNDBECK A/S 0.42%

HEALTHSCOPE LTD 0.33%

HIKMA PHARMACEUTICALS PLC 0.15%

HOYA CORP 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

IPSEN 0.03%

KAKEN PHARMACEUTICAL CO LTD 0.01%

KYOWA HAKKO KOGYO CO LTD 0.07%

M3 INC 0.03%

MERCK KGAA 0.09%

MITSUBISHI TANABE PHARMA 0.03%

NIHON KOHDEN CORP 0.41%

NIPPON SHINYAKU CO LTD 0.05%

NIPRO CORP 0.01%

NMC HEALTH PLC 0.03%

NOVARTIS AG-REG 0.58%

NOVO NORDISK A/S-B 1.16%

OLYMPUS CORP 0.07%

ONO PHARMACEUTICAL CO LTD 1.20%

ORION OYJ-CLASS B 0.17%

OTSUKA HOLDINGS CO LTD 0.12%

PEPTIDREAM INC 0.03%

PHILIPS ELECTRONICS NV 0.06%

QIAGEN N.V. 0.06%

RAMSAY HEALTH CARE LTD 0.04%

RECORDATI SPA 0.03%

ROCHE HOLDING AG-BR 0.05%

ROCHE HOLDING AG-GENUSSCHEIN 1.35%

ROHTO PHARMACEUTICAL CO LTD 0.02%

SANOFI-AVENTIS 0.55%

SARTORIUS STEDIM BIOTECH 0.02%

SAWAI PHARMACEUTICAL CO LTD 0.07%

SMITH & NEPHEW PLC 0.13%

SONIC HEALTHCARE LTD 0.05%

SONOVA HOLDING AG-REG 0.07%

SUMITOMO DAINIPPON PHARMA CO 0.27%

SUZUKEN CO LTD 0.03%

SWEDISH ORPHAN BIOVITRUM AB 0.03%

SYSMEX CORP 0.08%

TAISHO PHARMACEUTICAL CO LTD 0.03%

TAKEDA PHARMACEUTICAL CO LTD 0.45%

TERUMO CORP 0.13%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

TEVA PHARMACEUTICAL IND LTD 0.14%

TSUMURA & CO 0.04%

UCB SA 0.32%

VIFOR PHARMA AG 0.07%

WILLIAM DEMANT HOLDING 0.01%

ABN AMRO GROUP NV-CVA 0.09%

ADMIRAL GROUP PLC 0.04%

AEGON NV 0.06%

AIA GROUP LTD 0.41%

AIB GROUP PLC 0.51%

AMP LTD 0.04%

ASR NEDERLAND NV 0.04%

ASSICURAZIONI GENERALI 0.15%

AXA SA 0.10%

BANCO BPM SPA 0.03%

BANCO DE SABADELL SA 0.05%

BANK HAPOALIM BM 0.06%

BANK LEUMI LE-ISRAEL 0.07%

BANK OF EAST ASIA 0.02%

BANK OF IRELAND GROUP PLC 0.46%

BANK OF QUEENSLAND LTD 0.02%

BANKIA SAU 0.06%

BANKINTER SA 0.04%

BARCLAYS PLC 0.23%

BENDIGO AND ADELAIDE BANK 0.03%

BNP PARIBAS 0.01%

CAIXABANK 0.10%

CHALLENGER FINANCIAL SERVICE 0.03%

CHIBA BANK LTD/THE 0.03%

CLOSE BROTHERS GROUP PLC 0.02%

COMMERZBANK AG 0.05%

COMMONWEALTH BANK OF AUSTRAL 0.10%

CONCORDIA FINANCIAL GROUP LT 0.03%

CREDIT AGRICOLE SA 0.11%

CREDIT SAISON CO LTD 0.01%

CREDIT SUISSE GROUP AG-REG 0.16%

CYBG PLC-WI 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

DAI-ICHI LIFE INSURANCE 0.13%

DANSKE BANK A/S 0.10%

DEUTSCHE BANK AG-REGISTERED 0.12%

DEUTSCHE BOERSE AG 0.17%

DIRECT LINE INSURANCE GROUP 0.04%

ERSTE BANK DER OESTER SPARK 0.09%

EURONEXT NV 0.02%

FINECOBANK SPA 0.03%

FORTIS BB 0.07%

FUKUOKA FINANCIAL GROUP INC 0.02%

GJENSIDIGE FORSIKRING ASA 0.02%

HANG SENG BANK LTD 0.13%

HANNOVER RUECKVERSICHERU-REG 0.06%

HELVETIA HOLDING AG-REG 0.03%

HISCOX LTD 0.07%

HSBC HOLDINGS PLC 0.50%

IG GROUP HOLDINGS PLC 0.42%

INSURANCE AUSTRALIA GROUP 0.09%

INTESA SANPAOLO 0.22%

IOOF HOLDINGS LTD 0.06%

ISRAEL DISCOUNT BANK-A 0.03%

JAPAN POST BANK CO LTD 0.03%

JAPAN POST HOLDINGS CO LTD 0.13%

JYSKE BANK-REG 0.02%

KBC GROEP NV 0.11%

LEGAL & GENERAL GROUP PLC 0.01%

LLOYDS TSB GROUP PLC 0.37%

LONDON STOCK EXCHANGE GROUP 0.02%

MAGELLAN FINANCIAL GROUP LTD 0.02%

MEDIBANK PRIVATE LTD 0.04%

MEDIOBANCA SPA 0.06%

MITSUI SUMITOMO INSURANCE GR 0.08%

MIZRAHI TEFAHOT BANK LTD 0.03%

MIZUHO FINANCIAL GROUP INC 0.07%

MUENCHENER RUECKVER AG-REG 0.24%

NATIONAL AUSTRALIA BANK LTD 0.03%

NIB HOLDINGS LTD 0.17%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

NKSJ HOLDINGS INC 0.03%

NN GROUP NV 0.09%

NORDEA BANK ABP 0.08%

POSTE ITALIANE SPA 0.03%

QBE INSURANCE GROUP LTD 0.07%

RAIFFEISEN INTL BANK HOLDING 0.03%

RESONA HOLDINGS INC 0.09%

ROYAL BANK OF SCOTLAND GROUP 0.10%

RSA INSURANCE GROUP PLC 0.05%

SCOR REGROUPE 0.09%

SEVEN BANK LTD 0.01%

SHINSEI BANK LTD 0.02%

SINGAPORE EXCHANGE LTD 0.03%

SOCIETE GENERALE 0.18%

SONY FINANCIAL HOLDINGS INC 0.02%

STANDARD CHARTERED PLC 0.10%

STANDARD LIFE PLC 0.06%

STOREBRAND ASA 0.02%

SUMITOMO MITSUI FINANCIAL GR 0.04%

SVENSKA HANDELSBANKEN-A SHS 0.06%

SWEDBANK AB - A SHARES 0.02%

SWISS LIFE HOLDING-REG 0.09%

SWISS RE LTD 0.21%

T&D HOLDINGS INC 0.05%

TRYGVESTA AS 0.02%

UBS GROUP AG 0.18%

UNICREDIT SPA 0.23%

UNIONE DI BANCHE ITALIANE SC 0.46%

WESTPAC BANKING CORP 0.06%

YAMAGUCHI FINANCIAL GROUP IN 0.01%

ZENKOKU HOSHO CO LTD 0.02%

ZURICH FINANCIAL SERVICE-REG 0.14%

AFTERPAY TOUCH GROUP LTD 0.01%

ALTRAN TECHNOLOGIES SA 0.07%

ASM PACIFIC TECHNOLOGY 0.45%

ASML HOLDING NV 0.20%

ATOS ORIGIN SA 0.04%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

COMPUTERSHARE LTD 0.04%

DASSAULT SYSTEMES SA 0.05%

ELECTROCOMPONENTS PLC 0.22%

ERICSSON LM-B SHS 0.89%

FUJIFILM HOLDINGS CORP 0.12%

FUJITSU LTD 0.08%

GMO PAYMENT GATEWAY INC 0.03%

HAMAMATSU PHOTONICS KK 0.04%

HIROSE ELECTRIC CO LTD 0.02%

IBIDEN CO LTD 0.01%

INGENICO 0.32%

ITOCHU TECHNO-SOLUTIONS CORP 0.01%

KEYENCE CORP 0.05%

KONICA MINOLTA HOLDINGS INC 0.03%

LINK ADMINISTRATION HOLDINGS 0.02%

MICRO FOCUS INTERNATIONAL 0.76%

NEC CORP 0.07%

NET ONE SYSTEMS CO LTD 0.01%

NICE SYSTEMS LTD 0.14%

NIHON UNISYS LTD 0.01%

NOKIA OYJ 0.25%

NTT DATA CORP 0.05%

ORACLE CORP JAPAN 0.02%

OTSUKA CORP 0.20%

RENESAS ELECTRONICS CORP 0.03%

RICOH CO LTD 0.05%

SAGE GROUP PLC (THE) 0.01%

SAP AG 0.09%

SIMCORP A/S 0.02%

SPECTRIS PLC 0.11%

SUMISHO COMPUTER SYSTEMS 0.01%

TOKYO ELECTRON LTD 0.05%

VENTURE CORP LTD 0.22%

WIRECARD AG 0.52%

AUTO TRADER GROUP PLC 0.04%

AXEL SPRINGER AG 0.02%

BEZEQ ISRAELI TELECOM CORP 0.14%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

BT GROUP PLC 0.21%

CAPCOM CO LTD 0.20%

CINEWORLD GROUP PLC 0.46%

DAIICHIKOSHO CO LTD 0.01%

DENA CO LTD 0.10%

DENTSU INC 0.08%

ELISA OYJ 0.05%

EUTELSAT COMMUNICATIONS 0.25%

FUJI TELEVISION NETWORK INC 0.34%

ILIAD SA 0.03%

INFORMA PLC 0.08%

INMARSAT PLC 0.23%

KAKAKU.COM INC 0.02%

KDDI CORP 0.44%

KONINKLIJKE KPN NV 0.08%

LAGARDERE S.C.A. 0.02%

LINE CORP 0.01%

NEXON CO LTD 0.14%

NINTENDO CO LTD 0.37%

NIPPON TELEGRAPH & TELEPHONE 0.48%

NIPPON TELEVISION NETWORK 0.06%

NTT DOCOMO INC 0.30%

PCCW LTD 0.29%

PEARSON PLC 1.01%

PROSIEBEN SAT.1 MEDIA AG-PFD 0.03%

PROXIMUS 0.03%

PUBLICIS GROUPE 0.09%

RIGHTMOVE PLC 0.04%

RTL GROUP 0.02%

SCOUT24 AG 0.04%

SES 1.14%

SINGAPORE PRESS HOLDINGS LTD 0.02%

SINGAPORE TELECOMMUNICATIONS 0.08%

SPARK NEW ZEALAND LTD 0.79%

SUNRISE COMMUNICATIONS GROUP 0.02%

SWISSCOM AG-REG 0.09%

TELE2 AB-B SHS 0.04%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

TELECOM ITALIA SPA 0.04%

TELECOM ITALIA-RNC 0.02%

TELEFONICA DEUTSCHLAND HOLDI 0.07%

TELENET GROUP HOLDING NV 0.17%

TELENOR ASA 0.10%

TELIASONERA AB 0.09%

TELSTRA CORP LTD 0.20%

TOHO CO LTD 0.03%

UBISOFT ENTERTAINMENT 0.01%

VIVENDI 0.15%

VODAFONE GROUP PLC 0.01%

WPP GROUP PLC 0.10%

YAHOO! JAPAN CORP 0.05%

AGL ENERGY LTD 0.07%

APA GROUP 0.27%

CENTRICA PLC 0.49%

CHUBU ELECTRIC POWER CO INC 0.08%

CK INFRASTRUCTURE HOLDINGS LTD 0.04%

DONG ENERGY A/S 0.09%

E.ON AG 0.17%

ENDESA SA 0.06%

ENEL SPA 0.03%

FORTUM OYJ 0.07%

GAS NATURAL SDG SA 0.11%

HONG KONG & CHINA GAS 0.14%

IBERDROLA SA 0.26%

KANSAI ELECTRIC POWER CO INC 0.43%

KYUSHU ELECTRIC POWER CO INC 0.04%

NATIONAL GRID PLC 0.29%

OSAKA GAS CO LTD 0.06%

PENNON GROUP PLC 0.05%

POWER ASSETS HOLDINGS LTD 0.11%

RED ELECTRICA DE ESPANA 0.07%

RUBIS 0.05%

SCOTTISH & SOUTHERN ENERGY 0.11%

SEVERN TRENT PLC 0.11%

SP AUSNET 0.01%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

SUEZ ENVIRONNEMENT SA 0.04%

TERNA SPA 0.06%

TOHO GAS CO LTD 0.13%

TOHOKU ELECTRIC POWER CO INC 0.05%

TOKYO ELECTRIC POWER CO INC 0.06%

TOKYO GAS CO LTD 0.08%

UNITED UTILITIES GROUP PLC 0.12%

VEOLIA ENVIRONNEMENT 0.01%

AEON MALL CO LTD 0.01%

AROUNDTOWN SA 0.05%

ASCENDAS REAL ESTATE INV TRT 0.04%

BRITISH LAND CO PLC 0.05%

CAPITAL & COUNTIES PROPERTIE 0.02%

CAPITALAND COMMERCIAL TRUST 0.03%

CAPITAMALL TRUST 0.03%

CHEUNG KONG PROPERTY HOLDING 0.14%

CITY DEVELOPMENTS LTD 0.03%

DAITO TRUST CONSTRUCT CO LTD 0.21%

DAIWA HOUSE INDUSTRY CO LTD 0.02%

DEUTSCHE WOHNEN AG-BR 0.13%

DEXUS PROPERTY GROUP 0.06%

FONCIERE DES REGIONS 0.02%

GECINA SA 0.05%

GOODMAN GROUP 0.09%

GPT GROUP 0.05%

HAMMERSON PLC 0.24%

HANG LUNG PROPERTIES LTD 0.03%

HENDERSON LAND DEVELOPMENT 0.05%

HONGKONG LAND HOLDINGS LTD 0.08%

HULIC CO LTD 0.02%

HYSAN DEVELOPMENT CO 0.28%

KERRY PROPERTIES LTD 0.31%

KLEPIERRE 0.01%

LAND SECURITIES GROUP PLC 0.06%

LEG IMMOBILIEN AG 0.05%

LEND LEASE GROUP 0.04%

LINK REIT 1.55%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

MIRVAC GROUP 0.04%

MITSUI FUDOSAN CO LTD 0.02%

NOMURA REAL ESTATE HOLDINGS 0.02%

PSP SWISS PROPERTY AG-REG 0.03%

RELO HOLDINGS INC 0.02%

SCENTRE GROUP 0.11%

SEGRO PLC 0.02%

SINO LAND CO 0.02%

STOCKLAND 0.04%

SUMITOMO REALTY & DEVELOPMNT 0.02%

SUN HUNG KAI PROPERTIES 0.05%

SUNTEC REIT 0.02%

SWIRE PACIFIC LTD 'A' 0.04%

SWIRE PROPERTIES LTD 0.19%

SWISS PRIME SITE-REG 0.05%

TAG IMMOBILIEN AG 0.03%

TOKYO TATEMONO CO LTD 0.01%

TOKYU FUDOSAN HOLDINGS CORP 0.02%

UOL GROUP LIMITED 0.02%

VICINITY CENTRES 0.04%

VONOVIA SE 0.18%

WHARF HOLDINGS LTD 0.02%

WHEELOCK & CO LTD 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

31/12/2018

WeightInstrument

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