Brandes International Small Cap Equity Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.28 0.0 0.28
Stocks 1.34 0.0 1.34
Bonds 0.0 0.0 0.0
Other 0.24 0.28 -0.04
Foreign Bonds 0.8 0.0 0.8
Foreign Stocks 97.63 0.0 97.63
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Dorel Industries, Inc. Class B DIIBF -14.39 3.35
Consorcio Ara SAB de CV ARA --- 3.22
Fuji Machine Mfg. FMMFF 12.0 3.1
Chime Communications PLC CICPF 7.71 2.83
Lotte Chilsung Beverage Co Ltd A005300 --- 2.65
Reliance Infrastructure Ltd. RELINFRA --- 2.45
Micronas Semiconductor Holding AG MCNSF 5.03 2.34
Haw Par Corporation Limited H02 --- 2.33
Bongrain BH --- 2.32
Iren S.p.A. IRE --- 2.27