Securities At Value WALDEN INTL EQUITY FD 30-Jun-20

Ticker Description Shares/Par Market Value SDR LN SCHRODERS PLC 6,790.0000 247,748.05 SN/ LN SMITH & NEPHEW 22,159.0000 412,748.31 BMO CN BANK OF MONTREAL 6,130.0000 326,325.18 BNS CN BANK OF NOVA SCO 8,900.0000 368,352.73 CNR CN CAN NATL RAILWAY 5,074.0000 448,974.61 GWO CN GREAT-WEST LIFEC 12,649.0000 221,781.49 MG CN MAGNA INTL 10,877.0000 484,472.83 MRU CN METRO INC 14,588.0000 601,832.92 RY CN ROYAL BANK OF CA 6,484.0000 439,989.13 TD CN TORONTO-DOM BANK 9,285.0000 414,452.74 MKS LN MARKS & SPENCER 141,600.0000 173,450.80 NXT LN NEXT PLC 4,590.0000 277,896.58 ITV LN ITV PLC 155,179.0000 143,370.39 OR FP L'OREAL 2,400.0000 769,351.99 FRE GR FRESENIUS SE & C 7,758.0000 382,909.33 FPE3 GR FUCHS PETRO-PREF 5,992.0000 240,352.02 PUB FP PUBLICIS GROUPE 13,743.0000 444,229.64 HNR1 GR HANNOVER RUECK S 2,400.0000 412,772.23 MRK GR MERCK KGAA 3,586.0000 415,688.60 JPMORGAN US GOVT MMKT 1,151,861.8400 1,151,861.84 SGSN SW SGS SA-REG 175.0000 427,132.72 SU FP SCHNEIDER ELECTR 6,500.0000 720,579.99 SAP GR SAP AG 6,310.0000 878,250.61 HEN GR HENKEL AG & CO K 4,900.0000 407,184.60 BEI GR BEIERSDORF AG 2,649.0000 300,516.89 ALV GR ALLIANZ SE-VINK 1,845.0000 376,300.13 MUV2 GR MUENCHENER RUE-R 1,600.0000 415,205.76 BB FP SOCIETE BIC SA 6,100.0000 309,510.76 DSY FP DASSAULT SYSTEME 2,927.0000 504,407.90 GAS SM GAS NATURAL SDG 18,400.0000 341,980.67 WKL NA WOLTERS KLUWER 6,754.0000 526,837.91 HMB SS HENNES & MAURI-B 19,766.0000 285,905.25 COLR BB COLRUYT SA 5,856.0000 321,985.27 VPK NA VOPAK 8,600.0000 454,452.95 GIVN SW GIVAUDAN-REG 132.0000 491,113.11 ZURN SW ZURICH INSURANCE GROUP AG 1,200.0000 422,712.75 101 HK HANG LUNG PROPER 155,400.0000 368,408.73 TLS AU TELSTRA CORP 226,700.0000 490,608.95 9783 JP BENESSE HD 12,560.0000 337,802.07 4704 JP INC/ 7,400.0000 413,329.60 9437 JP NTT DOCOMO INC 14,310.0000 381,792.94 4716 JP ORACLE CORP JPN 3,700.0000 436,643.71 7751 JP CANON INC 16,175.0000 321,846.06

Page 1 of 3 Ticker Description Shares/Par Market Value 9022 JP CENTRAL JAPAN RL 2,115.0000 327,442.34 CSL AU CSL LTD 4,058.0000 804,274.97 8331 JP LTD 70,900.0000 334,237.35 4519 JP CHUGAI PHARMA CO 12,900.0000 689,692.06 ORG AU ORIGIN ENERGY 107,000.0000 433,318.36 CBA AU COMMONW BK AUSTR 8,745.0000 421,031.01 1925 JP INDU 16,190.0000 381,904.57 66 HK MTR CORP 83,900.0000 433,971.26 9020 JP EAST JAPAN RAIL 4,200.0000 291,099.66 SGX SP SINGAPORE EXCH 67,500.0000 405,160.36 9983 JP FAST RETAILING 805.0000 460,972.08 4307 JP NOMURA RESEARCH 19,564.0000 533,905.10 8359 JP HACHIJUNI BANK 89,800.0000 340,659.50 11 HK HANG SENG BK 17,220.0000 290,754.79 14 HK HYSAN DEVELOPMENT CO 86,000.0000 277,290.54 4185 JP JSR CORP 17,200.0000 331,975.50 4452 JP KAO CORP 5,200.0000 411,727.07 6370 JP KURITA WATER INDUSTRIES 10,900.0000 302,464.16 8766 JP HD 7,000.0000 305,004.25 8316 JP SMFG 14,850.0000 417,686.72 8802 JP CO LTD 25,500.0000 379,250.88 CD SP COMFORTDELGRO CO 209,350.0000 218,366.84 6902 JP CORP 7,500.0000 292,625.99 9432 JP NIPPON TELEGRAPH 22,800.0000 530,862.14 6988 JP CORP 7,200.0000 407,471.50 NICE IT NICE SYSTEMS LTD 3,100.0000 586,055.17 4661 JP ORIENTAL LAND CO 3,765.0000 497,207.04 83 HK SINO LAND CO LTD 268,000.0000 337,450.32 6869 JP SYSMEX CORP 5,900.0000 453,222.20 4543 JP CORP 13,600.0000 514,939.79 7203 JP MOTOR 9,340.0000 585,994.86 WPL AU WOODSIDE PETROLEUM LTD 26,000.0000 390,631.61 4503 JP 32,200.0000 536,095.93 9064 JP YAMATO HOLDINGS 19,500.0000 421,556.08 DB1 GR DEUTSCHE BOERSE 3,056.0000 552,322.70 ABBN SW ABB LTD-REG 18,018.0000 405,107.54 ROG SW ROCHE HLDG-GENUS 3,698.0000 1,280,702.21 NESN SW NESTLE SA-REG 8,100.0000 895,085.23 EQNR NO EQUINOR ASA 23,542.0000 334,941.29 SOON SW SONOVA HLDG 2,389.0000 476,497.52 EL FP ESSILORLUXOTTICA 2,907.0000 372,557.30 SRG IM SNAM SPA 78,869.0000 383,574.87 ENG SM ENAGAS SA 13,235.0000 323,039.72 TEN IM TENARIS SA 53,206.0000 342,964.13 NK FP IMERYS SA 9,983.0000 339,724.05 TRN IM TERNA SPA 62,748.0000 430,769.69 ADM LN ADMIRAL GROUP 13,700.0000 389,819.05 IFC CN INTACT FINANCIAL CORP 4,300.0000 409,314.13 KNEBV F KONE OYJ-B 7,661.0000 526,395.23 LSE LN LONDON STOCK EX 4,980.0000 515,065.70 1605 JP CORP 49,200.0000 304,638.00 ULVR LN UNILEVER PLC 9,200.0000 495,959.77 LR FP LEGRAND SA 6,214.0000 471,466.55

Page 2 of 3 Ticker Description Shares/Par Market Value INVP LN INVESTEC PLC 60,916.0000 121,712.27 BCE CN BCE INC 11,100.0000 463,004.27 EXPN LN EXPERIAN PLC 14,071.0000 490,703.05 BXB AU BRAMBLES LTD 48,000.0000 360,991.30 SMIN LN SMITHS GRP PLC 18,900.0000 330,033.96 BN FP DANONE 9,090.0000 628,080.36 AI FP AIR LIQUIDE SA 5,290.0000 762,166.66 RB/ LN RECKITT BENCKISE 5,600.0000 515,274.85 REL LN RELX PLC 19,100.0000 442,001.91 NZYMB D NOVOZYMES-B SHS 9,400.0000 543,275.68 BOSS GR HUGO BOSS AG 6,200.0000 187,196.24 SGE LN SAGE GROUP 41,182.0000 342,404.65 WPP LN WPP PLC 22,392.0000 174,714.66 CFR SW CIE FINANCI-REG 9,344.0000 595,173.52 AD NA KONINKLIJKE AHOLD DELHZ 23,600.0000 642,605.17 CPG LN COMPASS GROUP PLC 25,000.0000 343,871.44 ATCOA S ATLAS COPCO AB A SHARES 10,300.0000 435,691.62 NG/ LN NATIONAL GRID PLC 47,157.0000 577,352.68 NOVOB D NOVO NORDISK A/S 9,858.0000 637,990.14 CRDA LN CRODA INTERNATIONAL PLC 5,575.0000 362,675.04 ITX SM INDITEX SA 15,243.0000 402,980.09 SHBA SS SVENSKA HANDELSBANKEN AB 44,986.0000 426,589.51 NDA SS NORDEA BANK ABP 47,200.0000 325,405.90 JMAT LN JOHNSON MATTHEY 11,400.0000 295,858.05 52,317,070.44

Page 3 of 3