Accounting for Geographic Exposure in Performance and Risk Reporting for Equity Portfolios

Accounting for Geographic Exposure in Performance and Risk Reporting for Equity Portfolios — March 2015

Appendix

GLAXOSMITHKLINE

74.58%

28.20%

GLENCORE

56.24%

30.05%

HSBC HDG. (ORD $0.50)

73.89%

26.91%

ING GROEP

48.01%

1.36%

LVMH

72.64%

34.20%

NATIONAL GRID

56.62%

0.00%

NESTLE R

74.99%

33.46%

NOVARTIS R

74.32%

25.94%

RECKITT BENCKISER GROUP

52.06%

50.10%

RIO TINTO

89.16%

49.53%

ROCHE HOLDING

73.10%

20.37%

ROYAL DUTCH SHELL A

63.26%

26.54%

SANOFI

72.12%

27.46%

SAP (XET)

68.81%

0.00%

SCHNEIDER ELECTRIC SE

79.77%

35.42%

SIEMENS (XET)

55.28%

22.32%

STANDARD CHARTERED

98.32%

37.37%

TELEFONICA

54.25%

48.29%

TESCO

20.16%

11.67%

TOTAL

46.99%

25.43%

UBS R

52.45%

7.03%

UNILEVER CERTS.

73.15%

29.96%

UNILEVER (UK)

73.15%

29.96%

VODAFONE GROUP

29.29%

29.29%

ZURICH INSURANCE GROUP

50.29%

14.49%

Table 21: Companies in STOXX Europe 50 with highest exposure to non-Developed Europe markets - The table below lists the companies which have the highest exposure (% of sales) to non-Developed Europe markets. The table also lists the cap- weighted rank of the stock in the index. The index constituents and cap-weighted rank are as of June-end 2013, for which sales data is taken for fiscal year 2012. The source of geographic segmentation data is DataStream (Worldscope). If a company reports sales for a geography (other than country-level sales), we break down geographic sales to country-level sales based on the GDP weight of the country within the geography (see Section 1). Name Non-Developed Europe sales (% of total sales) Cap-weighted rank STANDARD CHARTERED 98.32% 32 BHP BILLITON 90.06% 31 RIO TINTO 89.16% 28 ANHEUSER-BUSCH INBEV 88.08% 5 SCHNEIDER ELECTRIC SE 79.77% 43 BRITISH AMERICAN TOBACCO 77.50% 12 RICHEMONT N 76.51% 38 NESTLE R 74.99% 1 ASTRAZENECA 74.84% 25 ERICSSON B 74.70% 47

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An EDHEC-Risk Institute Publication