Global Equity Fund

As of September 30, 2008

Geographic Breakdown (Equities)

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Sector Allocation

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Asset Mix

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Top 10 Holdings

1.
Novartis (Switzerland)
A Swiss pharmaceutical company with a deep portfolio of drugs and vaccines.
4.1%
2.
Roche (Switzerland)
An innovative health care company with a focus on oncology.
4.0%
3.
Vodafone (United Kingdom)
The world's leading mobile telecommunications company.
3.6%
4.
Johnson & Johnson (United States)
A health care conglomerate engaged in the research & development, manufacture and sales of a range of products.
3.6%
5.
GlaxoSmithKline (United Kingdom)
A multinational health care company with a focus on pharmaceuticals, vaccines and consumer products.
3.5%
6.
E.ON (Germany)
An energy services provider with a focus on power and gas.
2.9%
7.
Belgacom (Belgium)
An integrated telecommunications services provider.
2.9%
8.
Dell (United States)
A Texas-based manufacturer of PCs and computer-related products.
2.9%
9.
ENI (Italy)
An Italian multinational oil and gas company.
2.8%
10.
Unilever (Netherlands)
A household products giant whose brands include Sunlight, Vaseline and Dove.
2.7%