Portfolio Holdings

Shares Held

Market Value

% of Net Assets

13,729,698

$15,564,922

21.13%

WAL-MART DE MEXICO

2,412,000

$6,607,864

8.97%

769,600

$5,520,503

7.50%

1,812,700

$4,387,984

5.96%

1,768,900

$3,418,722

4.64%

1,046,159

$3,291,854

4.47%

3,967,551

$3,127,481

4.25%

1,172,400

$3,064,016

4.16%

892,300

$3,000,827

4.07%

700,000

$2,980,645

4.05%

1,310,200

$2,816,685

3.82%

1,650,100

$2,814,276

3.82%

PROMOTORA Y OPERAD

679,900

$2,732,813

3.71%

2,878,477

$2,671,235

3.63%

ADMMEXCK 09 CP 12/23/19

300,000

$1,860,361

2.53%

INDS PENOLES SAB D

28,620

$1,254,118

1.70%

MEXICO-UNITED MEXICAN STS

865,000

$1,236,950

1.68%

ALSEA SAB DE CV

1,132,800

$1,142,971

1.55%

CORP FRAGUA SAB DE

91,500

$983,540

1.34%

ALFA SAB DE CV

86,400

$941,102

1.28%

KIMBERLY-CLARK MXC

169,700

$915,220

1.24%

GPO BIMBO SAB

345,000

$703,860

0.96%

MEDICA SUR SAB DE

380,000

$599,354

0.81%

GRUPO SPORTS WORLD

588,000

$525,019

0.71%

GPO SIMEC SAB DE C

215,000

$518,137

0.70%

URBI DESARROLLOS URBANOS SA DE

461,300

$456,687

0.62%

FIRST AMER TREASURY OBLIG-A

269,415

$269,415

0.37%

INAFIN 12011 CP

2,000,666

$143,353

0.19%