ETF Risk Report: BBIN Buyer beware: Every ETF holds the full risk of its underlying equities Disclosures in the best interest of investors
JPMorgan BetaBuilders International Equity ETF Gray Swan Event Risks exist for every equity held by BBIN. Gray swan events include accounting fraud, management failures, failed internal controls, M&A problems, restatements, etc. These risks occur infrequently, but Gray Swan Event Factor for BBIN 1.49% consistently for all equities. Equities account for 94.78% of BBIN’s assets. Most investors ignore these risks until after they are disclosed; whereupon a stock’s price drops precipitously. Just as insurance companies can predict likely costs for a driver’s future car accidents based on the driver’s history, Watchdog Research contacts each ETF asking how they notify investors about we predict the likely cost (price drop) for BBIN following accounting governance risks in equities in their fund. We will publish their response gray swan disclosures within its holdings. The expected when received. price decrease across the BBIN equity portfolio is 1.49%. However, individual equity risks vary signi cantly. This report helps investors know their risk exposure.
Inception Date: 12/03/2020 Year-to-Date Return: 4.20% Passively managed, the Fund tracks the Morningstar Developed Markets ex-North America Target Market Net Assets: $3.31b 1-Year Return: 46.12% Exposure Index, which is a free oat adjusted market capitalization weighted index that consists of equity Price: $57.41 3-Year Return: NA securities from developed countries or regions, including: Net Asset Value (NAV): $57.34 5-Year Return: NA Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Net Expense Ratio: 0.07% Yield: 1.26% Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The As of: 03/31/2021 index is rebalanced quarterly.
Company Ticker Held Current GSEF Category Value Top Holdings by Value
Nestle Sa Reg NESN Long - NA $70.3m This table shows Gray Swan Event Factors for the top ten equity holdings by dollar-value, as of Sep 17, 2021. Asml Holding N.V. ASML Long 0.95% Low $56.7m Investors should invest in ETFs only when they adequately Rogers Corp. ROG Long 0.82% Low $51.8m understand an ETF’s risks. Buyer beware. ETF prospectuses generally acknowledge that ETF managers Novan, Inc. NOVN Long 7.47% High $44m do NO traditional risk analysis on equities in their fund. Toyota Motor Corp 7203 Long - NA $43.5m Our Gray Swan Event Factors are meant to inform investors of signi cant traditional accounting and Moelis & Co. MC Long 0.73% Low $41.2m managerial risks for the equities in each ETF.
Astrazeneca Plc. AZN Long 3.51% Mid $30.9m ETF Risk Reports are published quarterly on dedicated Unilever Plc ULVR Long - NA $30.1m platforms like Factset, Re nitiv, Capital IQ etc. Weekly updates are available for a paid subscription. Sap Se SAP Long 1.17% Low $30m For more details contact: [email protected] Aia Group Ltd 1299 Long - NA $29.4m
Company Ticker Held Current GSEF Category Value Riskiest Holdings
Enerplus Corp. ERF Long 9.77% High $0 This table shows the individual Gray Swan Event Factors for this ETF’s most at-risk equities as of Sep 17, 2021. Novan, Inc. NOVN Long 7.47% High $44m The average equity GSEF across 6,500 public equities is Icl Group Ltd. ICL Long 6.03% High $914k 1.25%. Equities with a GSEF between 5% and 10% are considered high risk. Equities with a GSEF above 10% are Parsons Corporation PSN Long 5.50% High $2.56m extreme risks. Steris Plc. STE Long 5.09% High $854k Gray Swan Event Factors are derived from skilled analysts charting 15 years of negative gray swan event disclosures Five Point Holdings... FPH Long 4.20% Mid $2.45m against stock price declines following such disclosures. A Gray Swan Event Factor is an assessment of the Astrazeneca Plc. AZN Long 3.51% Mid $30.9m likelihood of, and 12-month price risk for, gray swan Merck & Co., Inc. MRK Long 3.34% Mid $4.85m events for each equity.
Dpw Holdings, Inc. DPW Long 3.32% Mid $13m
Jd.Com, Inc. JD Long 3.10% Mid $1.23m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 This table lists the equity holdings for JPMorgan BetaBuilders International Equity ETF ranked by highest GSE Factor (riskiest rst). We list all equities (US and foreign) for this ETF. However, some foreign listings only show via a ticker.
To further evaluate risks, you can access details for each company by opening its Brief Watchdog Report available for viewing and pdf download. The report is free to readers for their personal consumption and it includes the executive summary data pulled from the full Watchdog Report.
To learn more about the full Watchdog and GSEF Reports go to last page or visit watchdogresearch.com.
Company Access Details Ticker Held Current GSEF Category Value
Enerplus Corp. Watchdogresearch.com/watchdog/$ERF ERF Long 9.77% High $0
Novan, Inc. Watchdogresearch.com/watchdog/$NOVN NOVN Long 7.47% High $44m
Icl Group Ltd. Watchdogresearch.com/watchdog/$ICL ICL Long 6.03% High $914k
Parsons Corporation Watchdogresearch.com/watchdog/$PSN PSN Long 5.50% High $2.56m
Steris Plc. Watchdogresearch.com/watchdog/$STE STE Long 5.09% High $854k
Five Point Holdings, Llc Watchdogresearch.com/watchdog/$FPH FPH Long 4.20% Mid $2.45m
Astrazeneca Plc. Watchdogresearch.com/watchdog/$AZN AZN Long 3.51% Mid $30.9m
Merck & Co., Inc. Watchdogresearch.com/watchdog/$MRK MRK Long 3.34% Mid $4.85m
Dpw Holdings, Inc. Watchdogresearch.com/watchdog/$DPW DPW Long 3.32% Mid $13m
Jd.Com, Inc. Watchdogresearch.com/watchdog/$JD JD Long 3.10% Mid $1.23m
Teva Pharmaceutical Watchdogresearch.com/watchdog/$TEVA TEVA Long 3.06% Mid $2.12m Industries Ltd.
Global Cord Blood Watchdogresearch.com/watchdog/$CO CO Long 2.76% Mid $0 Corporation
Allstate Corp. Watchdogresearch.com/watchdog/$ALL ALL Long 2.72% Mid $4.03m
Emergent Biosolutions Inc. Watchdogresearch.com/watchdog/$EBS EBS Long 2.60% Mid $2.13m
Ever Glory International Watchdogresearch.com/watchdog/$EVK EVK Long 2.44% Mid $1.25m Group, Inc.
Ormat Technologies, Inc. Watchdogresearch.com/watchdog/$ORA ORA Long 2.38% Mid $4.57m
Equinor Asa Watchdogresearch.com/watchdog/$EQNR EQNR Long 2.38% Mid $4.45m
Glaxosmithkline Plc Watchdogresearch.com/watchdog/$GSK GSK Long 2.07% Mid $19.3m
Galapagos N.V. Watchdogresearch.com/watchdog/$GLPG GLPG Long 2.02% Mid $0
Sensata Technologies Holding Watchdogresearch.com/watchdog/$ST ST Long 1.97% Low $2.31m N.V.
Arcosa, Inc. Watchdogresearch.com/watchdog/$ACA ACA Long 1.86% Low $3.52m
Carlisle Companies Inc. Watchdogresearch.com/watchdog/$CSL CSL Long 1.80% Low $19m
Renesola Ltd. Watchdogresearch.com/watchdog/$SOL SOL Long 1.79% Low $622k
Cna Financial Corp. Watchdogresearch.com/watchdog/$CNA CNA Long 1.74% Low $827k
Old Republic International Watchdogresearch.com/watchdog/$ORI ORI Long 1.59% Low $800k Corp.
Argenx Se Watchdogresearch.com/watchdog/$ARGX ARGX Long 1.59% Low $2.77m
Sunoco L.P. Watchdogresearch.com/watchdog/$SUN SUN Long 1.57% Low $2.09m
Boeing Co. Watchdogresearch.com/watchdog/$BA BA Long 1.49% Low $4.56m
Cnh Industrial N.V. Watchdogresearch.com/watchdog/$CNHI CNHI Long 1.47% Low $3.23m
Servotronics Inc. Watchdogresearch.com/watchdog/$SVT SVT Long 1.46% Low $1.64m
Wpp Plc. Watchdogresearch.com/watchdog/$WPP WPP Long 1.43% Low $3.21m
Cai International, Inc. Watchdogresearch.com/watchdog/$CAP CAP Long 1.37% Low $6.03m
Fb Financial Corp. Watchdogresearch.com/watchdog/$FBK FBK Long 1.32% Low $2.08m
Akers Biosciences, Inc. Watchdogresearch.com/watchdog/$AKER AKER Long 1.31% Low $343k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
General Electric Co. Watchdogresearch.com/watchdog/$GE GE Long 1.30% Low $184k
Tradeweb Markets Inc. Watchdogresearch.com/watchdog/$TW TW Long 1.28% Low $1.57m
Morgan Stanley Watchdogresearch.com/watchdog/$MS MS Long 1.24% Low $0
Trinity Industries Inc. Watchdogresearch.com/watchdog/$TRN TRN Long 1.22% Low $2.05m
Trinet Group Inc. Watchdogresearch.com/watchdog/$TNET TNET Long 1.21% Low $352k
American Shared Hospital Watchdogresearch.com/watchdog/$AMS AMS Long 1.20% Low $6.21m Services
Salem Media Group Watchdogresearch.com/watchdog/$SALM SALM Long 1.19% Low $714k
Genesis Healthcare, Inc. Watchdogresearch.com/watchdog/$GEN GEN Long 1.18% Low $5.26m
Sap Se Watchdogresearch.com/watchdog/$SAP SAP Long 1.17% Low $30m
Enel Americas S.A. Watchdogresearch.com/watchdog/$ENI ENI Long 1.14% Low $6.02m
Wide Open West, Inc. Watchdogresearch.com/watchdog/$WOW WOW Long 1.14% Low $7.1m
Suburban Propane Partners Watchdogresearch.com/watchdog/$SPH SPH Long 1.14% Low $0 L.P.
Elbit Systems Ltd. Watchdogresearch.com/watchdog/$ESLT ESLT Long 1.13% Low $635k
Stmicroelectronics N.V. Watchdogresearch.com/watchdog/$STM STM Long 1.10% Low $4.66m
Tractor Supply Co. Watchdogresearch.com/watchdog/$TSCO TSCO Long 1.10% Low $0
Suncor Energy Inc. Watchdogresearch.com/watchdog/$SU SU Long 1.00% Low $16.6m
Technipfmc Plc. Watchdogresearch.com/watchdog/$FTI FTI Long 1.00% Low $0
Nice Ltd. Watchdogresearch.com/watchdog/$NICE NICE Long 0.99% Low $3.05m
Alliance Data Systems Corp. Watchdogresearch.com/watchdog/$ADS ADS Long 0.98% Low $13.5m
Evercore Partners Inc. Watchdogresearch.com/watchdog/$EVR EVR Long 0.96% Low $879k
Asml Holding N.V. Watchdogresearch.com/watchdog/$ASML ASML Long 0.95% Low $56.7m
Ferrari N.V. Watchdogresearch.com/watchdog/$RACE RACE Long 0.94% Low $5.17m
Arcelormittal Watchdogresearch.com/watchdog/$MT MT Long 0.94% Low $4.18m
Archer Daniels Midland Co. Watchdogresearch.com/watchdog/$ADM ADM Long 0.92% Low $2.2m
Alcon Inc. Watchdogresearch.com/watchdog/$ALC ALC Long 0.89% Low $6.86m
Bp Plc. Watchdogresearch.com/watchdog/$BP BP Long 0.88% Low $17.2m
Allete Inc. Watchdogresearch.com/watchdog/$ALE ALE Long 0.87% Low $723k
Playags, Inc. Watchdogresearch.com/watchdog/$AGS AGS Long 0.87% Low $2.01m
Ase Technology Holding Co., Watchdogresearch.com/watchdog/$ASX ASX Long 0.86% Low $2.21m Ltd.
Telefonica Brasil S.A. Watchdogresearch.com/watchdog/$VIV VIV Long 0.86% Low $5.69m
Tenneco Inc. Watchdogresearch.com/watchdog/$TEN TEN Long 0.83% Low $1.01m
Credit Suisse Group Ag Watchdogresearch.com/watchdog/$CS CS Long 0.82% Low $10.3m
Rogers Corp. Watchdogresearch.com/watchdog/$ROG ROG Long 0.82% Low $51.8m
Bungeltd Watchdogresearch.com/watchdog/$BG BG Long 0.81% Low $732k
Telos Corporation Pfd Exch Watchdogresearch.com/watchdog/$TLS TLS Long 0.81% Low $2.3m 12%
Cit Group Inc. Watchdogresearch.com/watchdog/$CIT CIT Long 0.80% Low $491k
Service Corp. International Watchdogresearch.com/watchdog/$SCI SCI Long 0.78% Low $278k
M.D.C. Holdings, Inc. Watchdogresearch.com/watchdog/$MDC MDC Long 0.77% Low $386k
Hecla Mining Co. Watchdogresearch.com/watchdog/$HL HL Long 0.77% Low $1.18m
American Airlines Group Inc. Watchdogresearch.com/watchdog/$AAL AAL Long 0.77% Low $10.6m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Topbuild Corp. Watchdogresearch.com/watchdog/$BLD BLD Long 0.76% Low $1.1m
Post Holdings, Inc. Watchdogresearch.com/watchdog/$POST POST Long 0.75% Low $330k
Marathon Oil Corp. Watchdogresearch.com/watchdog/$MRO MRO Long 0.75% Low $2.05m
Worthington Industries Inc. Watchdogresearch.com/watchdog/$WOR WOR Long 0.75% Low $557k
Moelis & Co. Watchdogresearch.com/watchdog/$MC MC Long 0.73% Low $41.2m
Ardmore Shipping Corp. Watchdogresearch.com/watchdog/$ASC ASC Long 0.72% Low $949k
Sandstorm Gold Ltd. Watchdogresearch.com/watchdog/$SAND SAND Long 0.69% Low $5.46m
Crossamerica Partners Lp Watchdogresearch.com/watchdog/$CAPL CAPL Long 0.69% Low $1.35m
Dte Energy Co. Watchdogresearch.com/watchdog/$DTE DTE Long 0.69% Low $13.4m
Cullen/Frost Bankers, Inc. Watchdogresearch.com/watchdog/$CFR CFR Long 0.68% Low $12.4m
Carnival Corp. Watchdogresearch.com/watchdog/$CCL CCL Long 0.67% Low $0
Novagold Resources Inc. Watchdogresearch.com/watchdog/$NG NG Long 0.66% Low $9.49m
Minerals Technologies Inc. Watchdogresearch.com/watchdog/$MTX MTX Long 0.65% Low $2.59m
Osisko Gold Royalties Ltd. Watchdogresearch.com/watchdog/$OR OR Long 0.65% Low $21.1m
Darden Restaurants Inc. Watchdogresearch.com/watchdog/$DRI DRI Long 0.64% Low $0
Mercury General Corp. Watchdogresearch.com/watchdog/$MCY MCY Long 0.64% Low $577k
Autoliv Inc. Watchdogresearch.com/watchdog/$ALV ALV Long 0.64% Low $20.1m
Englobal Corp. Watchdogresearch.com/watchdog/$ENG ENG Long 0.64% Low $1.13m
Franklin Resources Inc. Watchdogresearch.com/watchdog/$BEN BEN Long 0.63% Low $841k
Dollar General Corp. Watchdogresearch.com/watchdog/$DG DG Long 0.63% Low $10.3m
Vodafone Group Public Ltd. Watchdogresearch.com/watchdog/$VOD VOD Long 0.61% Low $8.79m Co.
Intercontinental Hotels Group Watchdogresearch.com/watchdog/$IHG IHG Long 0.59% Low $2.45m Plc.
Genpact Ltd. Watchdogresearch.com/watchdog/$G G Long 0.59% Low $4.84m
Autoweb Inc. Watchdogresearch.com/watchdog/$AUTO AUTO Long 0.59% Low $1.66m
Information Services Group Watchdogresearch.com/watchdog/$III III Long 0.59% Low $3.09m Inc.
Heico Corp. Watchdogresearch.com/watchdog/$HEIA HEIA Long 0.58% Low $5.61m
Heico Corp. Watchdogresearch.com/watchdog/$HEI HEI Long 0.58% Low $2.47m
Cooper Standard Holdings Watchdogresearch.com/watchdog/$CPS CPS Long 0.58% Low $423k Inc.
Gas Transporter Of The South Watchdogresearch.com/watchdog/$TGS TGS Long 0.56% Low $0 Inc.
Iamgold Corp. Watchdogresearch.com/watchdog/$IAG IAG Long 0.55% Low $1.86m
Telefonica S.A. Watchdogresearch.com/watchdog/$TEF TEF Long 0.55% Low $4.72m
Crescent Point Energy Watchdogresearch.com/watchdog/$CPG CPG Long 0.53% Low $7.36m
United Guardian Inc. Watchdogresearch.com/watchdog/$UG UG Long 0.53% Low $0
Crawford & Co. Watchdogresearch.com/watchdog/$CRDA CRDA Long 0.52% Low $2.84m
Mizuho Financial Group Inc. Watchdogresearch.com/watchdog/$MFG MFG Long 0.51% Low $1.13m
Aar Corp. Watchdogresearch.com/watchdog/$AIR AIR Long 0.51% Low $15.5m
Ameriprise Financial Inc. Watchdogresearch.com/watchdog/$AMP AMP Long 0.50% Low $810k
Royal Dutch Shell Plc. Watchdogresearch.com/watchdog/$RDSA RDSA Long 0.49% Low $16.1m
Schnitzer Steel Industries Inc. Watchdogresearch.com/watchdog/$SCHN SCHN Long 0.48% Low $1.11m
Prudential Financial Inc. Watchdogresearch.com/watchdog/$PRU PRU Long 0.48% Low $9.74m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Automatic Data Processing Watchdogresearch.com/watchdog/$ADP ADP Long 0.47% Low $690k Inc.
Andrea Electronics Corp. Watchdogresearch.com/watchdog/$ANDR ANDR Long 0.46% Low $798k
Te Connectivity Ltd. Watchdogresearch.com/watchdog/$TEL TEL Long 0.46% Low $2.12m
Ing Groep N.V. Watchdogresearch.com/watchdog/$ISP ISP Long 0.44% Low $9.46m
Ing Groep N.V. Watchdogresearch.com/watchdog/$ING ING Long 0.44% Low $309k
Halliburton Co Watchdogresearch.com/watchdog/$HAL HAL Long 0.44% Low $2.99m
Alpha Pro Tech Ltd. Watchdogresearch.com/watchdog/$APT APT Long 0.44% Low $4.13m
Echostar Corp. Watchdogresearch.com/watchdog/$SATS SATS Long 0.43% Low $387k
Dun & Bradstreet Holdings, Watchdogresearch.com/watchdog/$DNB DNB Long 0.42% Low $3.77m Inc.
Korea Electric Power Corp. Watchdogresearch.com/watchdog/$KEP KEP Long 0.40% Low $1.15m
Atmos Energy Corp. Watchdogresearch.com/watchdog/$ATO ATO Long 0.38% Low $1.17m
Bhp Billiton Ltd. Watchdogresearch.com/watchdog/$BHP BHP Long 0.37% Low $12.2m
Nestle Sa Reg - NESN Long - NA $70.3m
Toyota Motor Corp - 7203 Long - NA $43.5m
Unilever Plc - ULVR Long - NA $30.1m
Aia Group Ltd - 1299 Long - NA $29.4m
Novo Nordisk A/S - NOVOB Long - NA $26.7m
Commonwealth Bank Of - CBA Long - NA $26m Austral
Siemens Ag - SIE Long - NA $25.1m
Sony Group Corp Common - 6758 Long - NA $23.9m Stock Jpy
Sano - SAN Long - NA $23.6m
Hsbc Holdings Plc - HSBA Long - NA $23.4m
Total Sa - FP Long - NA $22.1m
Diageo Plc - DGE Long - NA $21.9m
Keyence Corp - 6861 Long - NA $18.4m
British American Tobacco Plc - BATS Long - NA $17.4m
Softbank Group Corp - 9984 Long - NA $17.2m
Recruit Holdings Co Ltd - 6098 Long - NA $16.3m
C3.Ai, Inc. Watchdogresearch.com/watchdog/$AI AI Long - NA $16.3m
Adyen Nv Common Stock - ADYEN Long - NA $14.6m Eur.01
Daimler Ag Registered Shares - DAI Long - NA $14.6m
Basf Se Common Stock Eur 0 - BAS Long - NA $14.2m
Bnp Paribas - BNP Long - NA $14.1m
Royal Dutch Shell Plc B Shs - RDSB Long - NA $14.1m
Enel Spa - ENEL Long - NA $14m
Iberdrola S.A. - IBE Long - NA $13.9m
Westpac Banking Corporation - WBC Long - NA $13.9m
Hong Kong Exchanges & Cle - 388 Long - NA $13.9m
Mitsubishi Ufj Financial Gro - 8306 Long - NA $13.6m
Nintendo Co Ltd - 7974 Long - NA $13.4m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Tokyo Electron Ltd - 8035 Long - NA $13.3m
Shin Etsu Chemical Co Ltd - 4063 Long - NA $12.9m
Reckitt Benckiser Group Plc - RB Long - NA $12.7m
National Australia Bank - NAB Long - NA $12.7m Limited
Abb Ltd Reg - ABBN Long - NA $12.7m
Kering - KER Long - NA $12.6m
Nidec Corporation - 6594 Long - NA $12.3m
Anheuser Busch Inbev Sa/Nv - ABI Long - NA $11.9m Common Stock
Zurich Insurance Group Ag - ZURN Long - NA $11.8m
Australia & New Zealand - ANZ Long - NA $11.8m Banking Group Ltd.
Bayer Ag - BAYN Long - NA $11.7m
Ubs Group Ag Reg - UBSG Long - NA $11.6m
Hitachi Ltd - 6501 Long - NA $10.9m
Honda Motor Co Ltd - 7267 Long - NA $10.8m
Essilor International Sa - EI Long - NA $10.8m
Daikin Inds - 6367 Long - NA $10.7m
Takeda Pharmaceutical Co - 4502 Long - NA $10.4m Ltd
Lonza Group Ag Reg - LONN Long - NA $10.3m
Relx Plc - REL Long - NA $10.3m
In neon Technologies Ag - IFX Long - NA $10.3m
Ing Groep Nv - INGA Long - NA $10.1m
Kddi Corp - 9433 Long - NA $9.97m
Hermes International - RMS Long - NA $9.95m
Wesfarmers Ltd - WES Long - NA $9.83m
Murata Mfg Co - 6981 Long - NA $9.57m
Hoya Corp - 7741 Long - NA $9.56m
Fast Retailing Co Ltd - 9983 Long - NA $9.55m
Safran Sa - SAF Long - NA $9.51m
Danone - BN Long - NA $9.45m
Sumitomo Mitsui Financial Gr - 8316 Long - NA $9.27m
Glencore Plc - GLEN Long - NA $9.19m
Dsv A/S - DSV Long - NA $9.1m
Sika Ag Common Stock Chf - SIKA Long - NA $9.09m 0.01
Lloyds Banking Group Plc - LLOY Long - NA $8.98m
Fanuc Corp - 6954 Long - NA $8.9m
Royal Philips Nv - PHIA Long - NA $8.85m
Pernod Ricard Sa - RI Long - NA $8.77m
Banco Bilbao Vizcaya - BBVA Long - NA $8.09m Argentaria S.A.
Itochu Corp - 8001 Long - NA $7.96m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Macquarie Group Limited - MQG Long - NA $7.8m
Dbs Group Holdings Ltd - DBS Long - NA $7.79m
Crh Plc - CRG Long - NA $7.77m
Atlas Copco Ab A Shs /Sek/ - ATCOA Long - NA $7.77m
Industria De Diseno Textil - ITX Long - NA $7.75m
Daiichi Sankyo Co Ltd - 4568 Long - NA $7.73m
Mitsubishi Corporation - 8058 Long - NA $7.54m
Munich Reinsurance - MUV2 Long - NA $7.51m Company
Volvo Ab B Shs - VOLVB Long - NA $7.49m
Seven & I Holdings Co Ltd - 3382 Long - NA $7.48m
Barclays Plc - BARC Long - NA $7.42m
Nordea Bank Abp Common - NDA Long - NA $7.41m Stock Sek
Smc Japan Corp - 6273 Long - NA $7.34m
Givaudan Reg Common Stock - GIVN Long - NA $7.23m Chf10.0
Vonovia Se - VNA Long - NA $7.15m
Mizuho Financial Group Inc - 8411 Long - NA $7.12m
Mitsui & Co Ltd - 8031 Long - NA $7.06m
Oversea Chinese Banking - OCBC Long - NA $7.03m Corp
London Stock Exchange - LSE Long - NA $7m Group
Experian Plc - EXPN Long - NA $6.96m
Denso Corp - 6902 Long - NA $6.94m
Rio Tinto Ltd - RIO Long - NA $6.89m
Compagnie De Saint Gobain - SGO Long - NA $6.88m
Fujitsu Ltd - 6702 Long - NA $6.81m
Cellnex Telecom Sau - CLNX Long - NA $6.78m
Bmw Ag - BMW Long - NA $6.62m
Nippon Telegraph & Telephone - 9432 Long - NA $6.58m
Ericsson Lm B Shs - ERICB Long - NA $6.58m
Dassault Systemes Sa - DSY Long - NA $6.55m
Ashtead Group Plc - AHT Long - NA $6.53m
Deutsche Boerse Ag - DB1 Long - NA $6.49m
Kone Oyj B - KNEBV Long - NA $6.44m
Koninklijke Dsm N.V. - DSM Long - NA $6.39m
Astellas Pharma Inc - 4503 Long - NA $6.35m
Ferguson Plc - FERG Long - NA $6.32m
Tokio Marine Holdings Inc - 8766 Long - NA $6.29m
Oriental Land Co Ltd - 4661 Long - NA $6.28m
Central Japan Railway Co - 9022 Long - NA $6.12m
Mitsubishi Electric Corp - 6503 Long - NA $6.1m
M3 Inc - 2413 Long - NA $6.1m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Koninklijke Ahold Delhaize N - AD Long - NA $6.09m
Lafargeholcim Ltd Reg - LHN Long - NA $6.01m
Nokia Oyj - NOKIA Long - NA $5.95m
Techtronic Ind - 669 Long - NA $5.87m
Assa Abloy Ab - ASSAB Long - NA $5.85m
Kao Corp - 4452 Long - NA $5.81m
Fuji lm Holdings Corp - 4901 Long - NA $5.81m
United Overseas Bank Ltd - UOB Long - NA $5.81m
Shiseido Co Ltd - 4911 Long - NA $5.78m
Terumo Corp - 4543 Long - NA $5.72m
Eisai Co Ltd - 4523 Long - NA $5.7m
Fortescue Metals Group Ltd - FMG Long - NA $5.68m
Michelin Cgde - ML Long - NA $5.57m
Legrand Sa - LR Long - NA $5.55m
Partners Group Holding Ag - PGHN Long - NA $5.54m
Bridgestone Corp - 5108 Long - NA $5.46m
Geberit Ag Reg - GEBN Long - NA $5.44m
Flutter Entertainment Plc - PPB Long - NA $5.41m
Deutsche Bank Ag Registered - DBK Long - NA $5.27m
East Japan Railway Co - 9020 Long - NA $5.27m
Wolters Kluwer - WKL Long - NA $5.26m
Panasonic Corp - 6752 Long - NA $5.25m
Neste Oyj - NESTE Long - NA $5.17m
E.On Se Common Stock - EOAN Long - NA $5.08m
Kbc Group Nv - KBC Long - NA $5.04m
Olympus Corp - 7733 Long - NA $5.01m
Evolution Gaming Group - EVO Long - NA $4.99m /Sek/
Swiss Reinsurance - SREN Long - NA $4.99m
Orsted A/S /Dkk/ - ORSTED Long - NA $4.96m
Credit Suisse Group Ag Reg - CSGN Long - NA $4.96m
Chugai Pharmaceutical Co Ltd - 4519 Long - NA $4.95m
Unicredit Spa - UCG Long - NA $4.93m
Delivery Hero Ag - DHER Long - NA $4.83m
Rwe Ag - RWE Long - NA $4.8m
Engie - ENGI Long - NA $4.77m
Canon Inc - 7751 Long - NA $4.72m
Komatsu Ltd - 6301 Long - NA $4.71m
Teleperformance - TEP Long - NA $4.67m
Akzo Nobel Nv - AKZA Long - NA $4.62m
Bt Group Plc - BTA Long - NA $4.61m
Societe Generale - GLE Long - NA $4.59m
Aeon Co Ltd - 8267 Long - NA $4.58m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Kubota Corp - 6326 Long - NA $4.54m
Sampo Oyj A Shs - SAMPO Long - NA $4.54m
Otsuka Holdings Co Ltd - 4578 Long - NA $4.53m
Sun Hung Kai Properties - 16 Long - NA $4.47m
Asahi Group Holdings Ltd - 2502 Long - NA $4.4m
Mitsubishi Estate Co Ltd - 8802 Long - NA $4.4m
Mitsui Fudosan Co Ltd - 8801 Long - NA $4.37m
Aviva Plc - AV Long - NA $4.32m
Deutsche Wohnen Ag - DWNI Long - NA $4.31m
Scottish & Southern Energy - SSE Long - NA $4.26m Plc
Orix Corp - 8591 Long - NA $4.25m
Kyocera Corp - 6971 Long - NA $4.24m
Fresenius Se & Co. Kgaa - FRE Long - NA $4.21m
Legal & General Group Plc - LGEN Long - NA $4.17m
Worldline Sa - WLN Long - NA $4.15m
Ck Hutchison Holdings Ltd - 1 Long - NA $4.11m
Dai Ichi Life Insurance - 8750 Long - NA $4.1m
Suzuki Motor Corp - 7269 Long - NA $4.07m
Japan Tobacco Inc - 2914 Long - NA $4.07m
Skandinaviska Enskilda Ban A - SEBA Long - NA $4.06m
Softbank Corp - 9434 Long - NA $4.04m
Atlas Copco Ab Common - ATCOB Long - NA $4.02m Stock Sek 0
Zalando Se - ZAL Long - NA $4.01m
Imperial Brands Plc - IMB Long - NA $4.01m
Sonova Holding Ag - SOON Long - NA $3.99m
Shimano Inc - 7309 Long - NA $3.97m
Upm Kymmene Oyj - UPM Long - NA $3.95m
Essity Aktiebolag B Common - ESSITYB Long - NA $3.95m Stock
Daiwa House Industry Co Ltd - 1925 Long - NA $3.92m
Sysmex Corp - 6869 Long - NA $3.84m
Nippon Paint Holdings Co Ltd - 4612 Long - NA $3.83m
Coloplast B - COLOB Long - NA $3.82m
Smith & Nephew Plc - SN Long - NA $3.75m
Carlsberg As B - CARLB Long - NA $3.62m
Toshiba Corp - 6502 Long - NA $3.58m
Straumann Holding Ag Reg - STMN Long - NA $3.58m
Ap Moller Maersk A/S B - MAERSKB Long - NA $3.56m
Hennes & Mauritz Ab B Shs - HMB Long - NA $3.53m
Symrise Ag - SY1 Long - NA $3.51m
Advantest Corp - 6857 Long - NA $3.5m
Toyota Industries Corp - 6201 Long - NA $3.48m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Unicharm Corp - 8113 Long - NA $3.47m
Repsol Sa - REP Long - NA $3.45m
Hong Kong & China Gas - 3 Long - NA $3.4m
Svenska Handelsbanken Ab - SHBA Long - NA $3.39m Common Stock Sek 0
Siemens Healthineers Ag - SEMHF Long - NA $3.38m
Swedbank Ab A Shares - SWEDA Long - NA $3.38m
Kuehne Nagel Intl Ag Reg - KNIN Long - NA $3.37m Common Stock Chf1.0
Coles Group Ltd /Aud/ - COL Long - NA $3.34m
Galaxy Entertainment Group L - 27 Long - NA $3.33m
Sumitomo Realty & - 8830 Long - NA $3.33m Developmen
Kirin Holdings Co Ltd - 2503 Long - NA $3.32m
Ocado Group Plc - OCDO Long - NA $3.29m
Fresenius Medical Care Ag & - FME Long - NA $3.29m
Standard Chartered Plc - STAN Long - NA $3.27m
Jardine Matheson Hldgs Ltd - JM Long - NA $3.27m
Veolia Environnement Sa - VIE Long - NA $3.22m
Secom Co Ltd - 9735 Long - NA $3.2m
Omron Corp - 6645 Long - NA $3.19m
Nippon Steel + Sumitomo - 5401 Long - NA $3.14m Meta Common Stock
Woodside Petroleum Ltd - WPL Long - NA $3.14m
Clp Holdings Ltd - 2 Long - NA $3.13m
Sumitomo Corp - 8053 Long - NA $3.12m
Sgs Sa Reg - SGSN Long - NA $3.11m
Continental Ag - CON Long - NA $3.11m
Tdk Corp - 6762 Long - NA $3.07m
Novozymes A/S B Shares - NZYMB Long - NA $3.07m
Swiss Life Holding Ag Reg - SLHN Long - NA $3.05m
Newcrest Mining Limited - NCM Long - NA $3.03m
Bandai Namco Holdings Inc - 7832 Long - NA $3m
Nitori Holdings Co Ltd - 9843 Long - NA $3m
Asahi Kasei Corp - 3407 Long - NA $3m
Nn Group Nv - NN Long - NA $2.94m
Renesas Electronics Corp - 6723 Long - NA $2.93m
Lasertec Corp - 6920 Long - NA $2.92m
Royal Bank Of Scotland Group - RBS Long - NA $2.92m
Publicis Groupe Sa - PUB Long - NA $2.89m
Energias De Port Sa - EDP Long - NA $2.88m
Ferrovial S.A. - FER Long - NA $2.87m
Shionogi & Co Ltd - 4507 Long - NA $2.86m
Julius Baer Group Ltd - BAER Long - NA $2.86m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Kingspan Group Plc - KSP Long - NA $2.86m
Swisscom Ag Reg - SCMN Long - NA $2.84m
Hang Seng Bank Ltd - 11 Long - NA $2.83m
Next Plc - NXT Long - NA $2.83m
Burning Rock Biotech Ltd. Watchdogresearch.com/watchdog/$BNR BNR Long - NA $2.81m
Marubeni Corp - 8002 Long - NA $2.81m
Nomura Holdings Inc - 8604 Long - NA $2.8m
Moncler Spa - MONC Long - NA $2.79m
Ajinomoto Co Inc - 2802 Long - NA $2.79m
Alstom - ALO Long - NA $2.79m
Epiroc Ab A - EPIASS Long - NA $2.79m
Gvc Holdings Plc Common - GVC Long - NA $2.77m Stock Gbp 0.01
Halma Plc - HLMA Long - NA $2.77m
Smur t Kappa Group Plc - SK3 Long - NA $2.76m
Edenred - EDEN Long - NA $2.75m
Nec Corp - 6701 Long - NA $2.75m
Ms&Ad Insurance Group - 8725 Long - NA $2.72m Holdin
Spirax Sarco Engineering Plc - SPX Long - NA $2.72m
Sompo Holdings I - 8630 Long - NA $2.7m
Sonic Healthcare Limited - SHL Long - NA $2.69m
Ck Asset Holdings Ltd - 1113 Long - NA $2.65m Common Stock Hkd 1
Jxtg Holdings Inc - 5020 Long - NA $2.65m
Pandora A/S - PNDORA Long - NA $2.64m
Yahoo Japan Corp - 4689 Long - NA $2.62m
Caixabank S.A - CABK Long - NA $2.62m
Sekisui House Ltd - 1928 Long - NA $2.61m
Sg Holdings Co Ltd - 9143 Long - NA $2.6m
Ucb Sa - UCB Long - NA $2.59m
Groupe Bruxelles Lambert Sa - GBLB Long - NA $2.58m
Makita Corp - 6586 Long - NA $2.58m
Yaskawa Electric Corp - 6506 Long - NA $2.55m
Mondi Plc - MNDI Long - NA $2.5m
Kikkoman Corp - 2801 Long - NA $2.5m
Rentokil Initial Plc - RTO Long - NA $2.49m
Pan Paci c International Ho - 7532 Long - NA $2.45m Common Stock
Schindler Holding Ag Common - SCHP Long - NA $2.44m Stock Chf 0.1
Obic Co Ltd - 4684 Long - NA $2.44m
Cochlear Ltd - COH Long - NA $2.43m
Brambles Limited - BXB Long - NA $2.43m
Intertek Group Plc - ITRK Long - NA $2.42m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Nomura Research Institute Lt - 4307 Long - NA $2.4m
Snam Spa - SRG Long - NA $2.4m
Puma Se - PUM Long - NA $2.39m
Umicore Sa Common Stock - UMI Long - NA $2.39m Eur 0
Subaru Corp - 7270 Long - NA $2.39m
Japan Post Holdings Co Ltd - 6178 Long - NA $2.39m
Gn Store Nord A/S - GN Long - NA $2.36m
Aena Sa - AENA Long - NA $2.36m
Fortum Oyj - FORTUM Long - NA $2.35m
Danske Bank A/S - DANSKE Long - NA $2.35m
Nissan Motor Co Ltd - 7201 Long - NA $2.34m
Sm Trust Hd - 8309 Long - NA $2.34m
Investor Ab A Shs - INVEASS Long - NA $2.34m
Osaka Securities Exchange Co - 8697 Long - NA $2.34m
Mitsubishi Chemical Holdings - 4188 Long - NA $2.33m
Qbe Insurance Group Limited - QBE Long - NA $2.33m
Beiersdorf Ag - BEI Long - NA $2.32m
Sumitomo Electric Industries - 5802 Long - NA $2.29m
Burberry Group Plc - BRBY Long - NA $2.27m
Daifuku Co Ltd - 6383 Long - NA $2.25m
Covestro Ag - 1COV Long - NA $2.25m
Rolls Royce Holdings Plc - RR Long - NA $2.24m
Mowi Asa - MHG Long - NA $2.24m
Carrefour Sa - CA Long - NA $2.24m
Sartorius Stedim Biotech - DIM Long - NA $2.22m
Minebea Co. Ltd. - 6479 Long - NA $2.21m
Toyota Tsusho Corp - 8015 Long - NA $2.2m
Chocoladefabriken Lindt Reg - LISN Long - NA $2.2m
Stora Enso Oyj R Shs - STERV Long - NA $2.19m
Qiagen N.V. - QIA Long - NA $2.18m
Nitto Denko Corp - 6988 Long - NA $2.18m
Bunzl Plc - BNZL Long - NA $2.18m
Bank Leumi Le Israel Common - LUMI Long - NA $2.18m Stock Ils.1
Adecco Group Ag Reg - ADEN Long - NA $2.17m
Ono Pharma - 4528 Long - NA $2.17m
Roche Holding Ag Br - RO Long - NA $2.16m
Royal Kpn Nv - KPN Long - NA $2.16m
St Jamess Place Plc - STJ Long - NA $2.16m
Associated British Foods Plc - ABF Long - NA $2.14m
West Japan Railway Co - 9021 Long - NA $2.14m
Thales Sa - HO Long - NA $2.13m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Telia Co Ab - TELIA Long - NA $2.13m
Toray Industries Inc - 3402 Long - NA $2.13m
King sher Plc - KGF Long - NA $2.08m
Shimadzu Corp - 7701 Long - NA $2.08m
Temenos Group Ag Reg - TEMN Long - NA $2.08m
Sumitomo Metal Mining Co - 5713 Long - NA $2.08m Ltd
Skanska Ab B Shs - SKAB Long - NA $2.08m
Sage Group Plc/The - SGE Long - NA $2.08m
Alfa S.A.B. A Common Stock - ALFA Long - NA $2.06m
Informa Plc - INF Long - NA $2.04m
Chocoladefabriken Lindt Pc - LISP Long - NA $2.04m
South32 Ltd - S32 Long - NA $2.02m
Yamato Holdings Co Ltd - 9064 Long - NA $2.01m
Heineken Holding Nv - HEIO Long - NA $1.99m
Rakuten Group Inc /Jpy/ - 4755 Long - NA $1.98m
Hannover Ruck Se - HNR1 Long - NA $1.97m
Nexon Co Ltd - 3659 Long - NA $1.97m
Kesko Oyj B Shs - KESKOB Long - NA $1.97m
Wharf Real Estate Investment - 1997 Long - NA $1.97m
Ntt Data Corp - 9613 Long - NA $1.97m
Mitsubishi Heavy Industries - 7011 Long - NA $1.95m
Santos Ltd - STO Long - NA $1.95m
Swatch Group Ltd. Bearer - UHR Long - NA $1.94m
Suez - SEV Long - NA $1.93m
Svenska Cellulosa Ab Sca B - SCAB Long - NA $1.92m
Barratt Dev - BDEV Long - NA $1.92m
Prysmian Spa - PRY Long - NA $1.88m
Skf Ab B Shares - SKFB Long - NA $1.88m
Misumi Group Inc - 9962 Long - NA $1.88m
Randstad Holding Nv - RAND Long - NA $1.88m
Agc Inc /Jpy/ - 5201 Long - NA $1.86m
Wilmar International Ltd - WIL Long - NA $1.86m
Aroundtown Sa Common - AT1 Long - NA $1.83m Stock Eur
Solvay Sa - SOLB Long - NA $1.82m
Chr Hansen Holding A/S - CHR Long - NA $1.82m
United Utilities Group Plc - UU Long - NA $1.8m
Resona Holdings Inc - 8308 Long - NA $1.8m
Bureau Veritas Sa - BVI Long - NA $1.79m
Atlantia Spa - ATL Long - NA $1.79m
Yakult Honsha Co Ltd - 2267 Long - NA $1.78m
Henkel Ag Pfd - HEN Long - NA $1.78m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Exor Nv - EXO Long - NA $1.78m
Evergrande Health Industry G - 708 Long - NA $1.78m
Yara International - YAR Long - NA $1.77m
Kyowa Hakko Kirin Company - 4151 Long - NA $1.77m Ltd /Jpy/
Disco Corp - 6146 Long - NA $1.76m
Sinch Ab - SINCHSS Long - NA $1.76m
Elisa Oyj - ELISA Long - NA $1.76m
Bank Hapoalim Bm - POLI Long - NA $1.76m
Yamaha Corporation - 7951 Long - NA $1.75m
Ap Moeller Maersk A/S A - MAERSKA Long - NA $1.73m Common Stock Dkk1000.
Hamamatsu Photonics Kk - 6965 Long - NA $1.73m
Chubu Electric Power Co Inc - 9502 Long - NA $1.72m
Sumitomo Chemical Co. Ltd. - 4005 Long - NA $1.72m
Seek Ltd - SEK Long - NA $1.72m
Cyberagent Inc. - 4751 Long - NA $1.72m
Odakyu Electric Railway Co - 9007 Long - NA $1.71m
Ramsay Health Care Limited - RHC Long - NA $1.71m
Naturgy Energy Group Sa - GAS Long - NA $1.71m /Eur/
Smiths Group Plc - SMIN Long - NA $1.71m
Norsk Hydro - NHY Long - NA $1.71m
Pearson Plc - PSON Long - NA $1.7m
Whitbread Plc - WTB Long - NA $1.7m
Meiji Hd - 2269 Long - NA $1.7m
Dentsu Group Inc - 4324 Long - NA $1.7m
Nippon Yusen Kk - 9101 Long - NA $1.69m
Tabcorp Holdings Ltd - TAH Long - NA $1.69m
Mediobanca Spa - MB Long - NA $1.69m
Mtr Corp - 66 Long - NA $1.68m
Yamaha Motor Co Ltd - 7272 Long - NA $1.68m
Powszechna Kasa - PKO Long - NA $1.67m Oszczednosci Bank Polski S.A.
Northern Star Resources Ltd - NST Long - NA $1.67m Common Stock
Eiffage - FGR Long - NA $1.66m
Wh Group Ltd - 288 Long - NA $1.66m
Johnson Matthey Plc - JMAT Long - NA $1.66m
Arkema - AKE Long - NA $1.64m
Power Assets - 6 Long - NA $1.64m
Bouygues Sa - EN Long - NA $1.63m
Daiwa Securities Group Inc. - 8601 Long - NA $1.63m
Dcc Plc - DCC Long - NA $1.62m
Isuzu Motors Ltd - 7202 Long - NA $1.62m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Bluescope Steel Limited - BSL Long - NA $1.62m
Orkla - ORK Long - NA $1.62m
Toto Ltd - 5332 Long - NA $1.62m
Getinge Ab B Shs - GETIB Long - NA $1.61m
Wm Morrison Supermarkets - MRW Long - NA $1.61m
Omv Ag - OMV Long - NA $1.61m
Outotec Oyj - OTE1V Long - NA $1.6m
Standard Life Aberdeen Plc - SLA Long - NA $1.6m Common Stock Gbp
Inpex Corporation - 1605 Long - NA $1.58m
Rohm Co Ltd - 6963 Long - NA $1.57m
Red Electrica Corp Sa - REE Long - NA $1.57m
Koito Manufacturing - 7276 Long - NA $1.57m Company Limited
Royal Mail Plc - RMG Long - NA $1.56m
Grifols Sa - GRF Long - NA $1.56m
Ds Smith Plc - SMDS Long - NA $1.56m
Kansai Electric Power Co Inc - 9503 Long - NA $1.54m
Rightmove Plc Common Stock - RMV Long - NA $1.54m Gbp.001
Neximmune, Inc. Watchdogresearch.com/watchdog/$NEXI NEXI Long - NA $1.54m
Sodexo - SW Long - NA $1.54m
Hankyu Hanshin Holdings Inc - 9042 Long - NA $1.53m
Aisin Seiki Co Ltd - 7259 Long - NA $1.53m
T&D Holdings Inc - 8795 Long - NA $1.53m
Osaka Gas Co Ltd - 9532 Long - NA $1.52m
Sekisui Chemical Co Ltd - 4204 Long - NA $1.52m
Tokyu Corp - 9005 Long - NA $1.51m
Berkeley Group - BKG Long - NA $1.51m
Ricoh Company Ltd. - 7752 Long - NA $1.51m
Endesa Sa - ELE Long - NA $1.51m
Kion Group Ag - KGX Long - NA $1.51m
Phoenix Group Holdings P - PHNX Long - NA $1.5m /Gbp/
Epiroc Ab B - EPIBSS Long - NA $1.5m
Baloise Holding Ag Reg - BALN Long - NA $1.49m
Nihon M&A Center Inc - 2127 Long - NA $1.48m
Tryg A/S - TRYG Long - NA $1.48m
Lixil Group Corp - 5938 Long - NA $1.48m
Daito Trust Construct Co Ltd - 1878 Long - NA $1.47m
Gamesa - SGRE Long - NA $1.47m
New World Development - 17 Long - NA $1.44m
Trend Micro Inc - 4704 Long - NA $1.44m
Valeo Sa - FR Long - NA $1.43m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Tokyo Gas Co Ltd - 9531 Long - NA $1.42m
Actividades De Construccion Y - ACS Long - NA $1.42m Servicios Sa
Coca Cola Hbc Ag - CCH Long - NA $1.42m
Wartsila Oyj Abp - WRT1V Long - NA $1.41m
Ibiden Co. Ltd. - 4062 Long - NA $1.41m
Computershare Limited - CPU Long - NA $1.41m
Keio Corp - 9008 Long - NA $1.41m
Mitsui Chemicals Inc - 4183 Long - NA $1.38m
Nissan Chemical Industries - 4021 Long - NA $1.38m
Commerzbank Ag - CBK Long - NA $1.37m
Electrolux Ab Ser B - ELUXB Long - NA $1.37m
Fuji Electric Co. Ltd. - 6504 Long - NA $1.36m
Taisei Corp - 1801 Long - NA $1.36m
Ems Chemie Holding Ag Reg - EMSN Long - NA $1.35m
Antofagasta Plc - ANTO Long - NA $1.34m
Singapore Exchange Ltd - SGX Long - NA $1.34m
Tele2 Ab B Shs - TEL2B Long - NA $1.34m
So na - SOF Long - NA $1.33m
Indutrade Ab - INDT Long - NA $1.33m
Lundin Petroleum Ab - LUPE Long - NA $1.33m
Getlink - GET Long - NA $1.33m
Jfe Holdings Inc. - 5411 Long - NA $1.33m
Kintetsu Group Holdings Co L - 9041 Long - NA $1.31m
Kghm - KGH Long - NA $1.31m
Nippon Express Co Ltd - 9062 Long - NA $1.3m
Weir Group Plc/The - WEIR Long - NA $1.3m
Gea Group Ag - G1A Long - NA $1.3m
Ambu A/S B - AMBUB Long - NA $1.29m
Kansai Paint Co Ltd - 4613 Long - NA $1.29m
Sainsbury J Plc - SBRY Long - NA $1.29m
Medibank Pvt Ltd - MPL Long - NA $1.28m
Jsr Corp - 4185 Long - NA $1.28m
Henderson Land Development - 12 Long - NA $1.25m
Fastighets Ab Balder B Shrs - BALDB Long - NA $1.25m
Rea Group Ltd - REA Long - NA $1.24m
Treasury Wine Estates Limited - TWE Long - NA $1.24m
Kajima Corp - 1812 Long - NA $1.23m
Itv Plc - ITV Long - NA $1.23m
Verbund Ag - VER Long - NA $1.23m
Spark New Zealand Ltd - SPK Long - NA $1.23m
Industrivarden Ab A Shs - INDUA Long - NA $1.22m
Edp Renovaveis Sa - EDPR Long - NA $1.22m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Castellum Ab - CAST Long - NA $1.22m
Sumco Corp - 3436 Long - NA $1.21m
Aveva Group Plc - AVV Long - NA $1.21m
Industrivarden Ab C Shs - INDUC Long - NA $1.2m
Auckland International Airport - AIA Long - NA $1.2m Ltd Common Stock Nzd 0
Nissin Foods Holdings Co Ltd - 2897 Long - NA $1.19m
Poste Italiane Spa - PST Long - NA $1.18m
Schroders Plc - SDR Long - NA $1.18m
Konami Holdings Corp - 9766 Long - NA $1.18m
Polymetal - POLY Long - NA $1.18m
Lanxess Ag - LXS Long - NA $1.17m
Endeavour Group Ltd/Australi - EDVAU Long - NA $1.17m
Idemitsu Kosan Co Ltd - 5019 Long - NA $1.17m
Faurecia - EO Long - NA $1.17m
Dai Nippon Printing Co Ltd - 7912 Long - NA $1.17m
Origin Energy Limited - ORG Long - NA $1.16m
Tis Inc - 3626 Long - NA $1.16m
Aegon Nv - AGN Long - NA $1.15m
Polski Koncern Naftowy Sa - PKN Long - NA $1.15m
Toho Co Ltd - 9602 Long - NA $1.14m
Sbi Holdings Inc - 8473 Long - NA $1.14m
Oji Holdings Corp - 3861 Long - NA $1.14m
Waterdrop Inc. Watchdogresearch.com/watchdog/$WDH WDH Long - NA $1.14m
Mitsui O.S.K. Lines Ltd. - 9104 Long - NA $1.13m
Telecom Italia Spa - TIT Long - NA $1.13m
Monotaro Co Ltd - 3064 Long - NA $1.13m
Otsuka Corp - 4768 Long - NA $1.13m
Evolution Mining Ltd - EVN Long - NA $1.13m
Seiko Epson Corp - 6724 Long - NA $1.13m
Obayashi Corp - 1802 Long - NA $1.13m
Recordati Spa - REC Long - NA $1.12m
Barry Callebaut Ag Reg - BARN Long - NA $1.12m
Domino S Pizza Enterprises L - DMP Long - NA $1.12m Common Stock
Mazda Motor Corp - 7261 Long - NA $1.11m
Vifor Pharma Ag - VIFN Long - NA $1.1m
Trelleborg Ab B Shs - TRELB Long - NA $1.1m
Toppan Printing Co Ltd - 7911 Long - NA $1.1m
Ubisoft Entertainment Sa - UBI Long - NA $1.1m
Tosoh Corp - 4042 Long - NA $1.1m
Hulic Co Ltd - 3003 Long - NA $1.1m
Gmo Payment Gateway Inc - 3769 Long - NA $1.09m
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Israel Discount Bank A - DSCT Long - NA $1.08m
Ryohin Keikaku Co Ltd - 7453 Long - NA $1.08m
Santen Pharm - 4536 Long - NA $1.08m
Edf - EDF Long - NA $1.08m
Keisei Electric Railway Co - 9009 Long - NA $1.08m
Husqvarna Ab B Shs - HUSQB Long - NA $1.08m
Powszechny Zaklad Ubezpie - PZU Long - NA $1.07m
Kose Corp - 4922 Long - NA $1.07m
Hikma Pharmaceuticals Plc - HIK Long - NA $1.06m
Asahi Intecc Co Ltd - 7747 Long - NA $1.06m
Tobu Railway Co Ltd - 9001 Long - NA $1.06m
Shimizu Corp - 1803 Long - NA $1.06m
Convatec Group Plc - CTEC Long - NA $1.05m
Amundi Sa - AMUN Long - NA $1.05m
Mercari Inc Common Stock - 4385 Long - NA $1.05m Jpy
Elekta Ab B Shs - EKTAB Long - NA $1.05m
Direct Line Insurance Group - DLG Long - NA $1.04m
Volvo Ab A Shs - VOLVA Long - NA $1.04m
Travis Perkins Plc - TPKLN Long - NA $1.03m
Brother Industries Ltd - 6448 Long - NA $1.02m
Nokian Renkaat Oyj - NRE1V Long - NA $1.02m
Seb Sa - SK Long - NA $1.02m
Kurita Water Industries Ltd - 6370 Long - NA $1m
Aurizon Holdings Ltd - AZJ Long - NA $1m
Reece Ltd - REH Long - NA $995k
Lion Corp - 4912 Long - NA $992k
Securitas Ab B Shs - SECUB Long - NA $989k
Sino Land Co - 83 Long - NA $987k
Hoshizaki Corp - 6465 Long - NA $985k
Chow Tai Fook Jewellery - 1929 Long - NA $983k Group
Meggitt Plc - MGGT Long - NA $976k
Lifco Ab B Shs - LIFCOBS Long - NA $970k
Bollore - BOL Long - NA $968k
Galp Energia Sgps Sa - GALP Long - NA $968k
Peptidream Inc - 4587 Long - NA $958k
Banco Bpm Spa - BAMI Long - NA $956k
Nippon Shinyaku Co Ltd - 4516 Long - NA $955k
Toho Gas Co Ltd - 9533 Long - NA $952k
Biomerieux Common Stock - BIM Long - NA $951k
Asics Corp - 7936 Long - NA $948k
Iida Group Holdings Co Ltd - 3291 Long - NA $939k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Tate & Lyle Plc - TATE Long - NA $937k
Hirose Electric Co Ltd - 6806 Long - NA $936k
Suntory Food Bev - 2587 Long - NA $935k
Hakuhodo Dy Holdings Inc - 2433 Long - NA $934k
Kobayashi Pharmaceutical Co - 4967 Long - NA $932k
Meridian Energy Ltd - MEL Long - NA $925k
Nabtesco Corp - 6268 Long - NA $924k
Singapore Airlines Ltd - SIA Long - NA $920k
United Internet Ag Reg Share - UTDI Long - NA $916k
N.G.K.Insulators Npv - 5333 Long - NA $902k
Huhtamaki Oyj - HUH1V Long - NA $899k
Voestalpine Ag - VOE Long - NA $893k
Orion Oyj Class B - ORNBV Long - NA $892k
Chiba Bank Ltd/The - 8331 Long - NA $887k
Jeronimo Martins - JMT Long - NA $885k
Adevinta Asa B - ADEB Long - NA $883k
Hang Lung Properties Ltd - 101 Long - NA $880k
Showa Denko K K - 4004 Long - NA $880k
Contact Energy Ltd - CEN Long - NA $880k
Concordia Fg - 7186 Long - NA $878k
Stanley Electric Co Ltd - 6923 Long - NA $870k
Lpp - LPP Long - NA $867k
Mitsubishi Gas Chemical - 4182 Long - NA $865k Company Inc.
Square Enix Hd - 9684 Long - NA $864k
Fabege Ab Common Stock - FABG Long - NA $860k Sek30.82
Shizuoka Bank Ltd/The - 8355 Long - NA $858k
Fletcher Building Ltd - FBU Long - NA $856k
Taiyo Nippon Sanso Corp - 4091 Long - NA $852k
Ica Gruppen Ab - ICA Long - NA $851k
Bank Polska Kasa Opieki Sa - PEO Long - NA $840k
Mizrahi Tefahot Bank Ltd - MZTF Long - NA $838k
Storebrand Asa - STB Long - NA $829k
Gjensidige Forsikring - GJF Long - NA $828k
Ipsen - IPN Long - NA $827k
Holmen Ab B Shares - HOLMB Long - NA $827k
Marui Group Co Ltd - 8252 Long - NA $826k
Tsuruha Holdings Inc - 3391 Long - NA $826k
Tui Ag Di - TUI Long - NA $826k
Asm Paci c - 522 Long - NA $825k
Hisamitsu Pharmaceutical Co - 4530 Long - NA $825k
Matsumotokiyoshi Holdings - 3088 Long - NA $823k Co
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Lundbergs Ab B Shs Common - LUNDB Long - NA $814k Stock
Schibsted Asa B Shs - SCHB Long - NA $814k
Nsk Ltd - 6471 Long - NA $812k
Investment Ab Latour B Shs - LATOB Long - NA $807k Common Stock
Hiscox Ltd - HSX Long - NA $806k
Mitsubishi Ufj Lease & Finan - 8593 Long - NA $800k
Sumitomo Dainippon Pharma - 4506 Long - NA $789k Co
Mediceo Paltac Holdin - 7459 Long - NA $786k
Marks & Spencer Group Plc - MKS Long - NA $784k
Nh Foods Ltd - 2282 Long - NA $781k
Tohoku Electric Power Co Inc - 9506 Long - NA $779k
Kakaku.Com Inc - 2371 Long - NA $776k
Easyjet Plc - EZJ Long - NA $776k
Sohgo Security Services Co - 2331 Long - NA $775k
Toyo Suisan Kaisha Ltd - 2875 Long - NA $771k
Sharp Corp/Japan - 6753 Long - NA $770k
Venture Corp Ltd - VMS Long - NA $764k
Uss Co Ltd - 4732 Long - NA $764k
Swatch Group Ag/The Reg - UHRN Long - NA $763k
Casio Computer Co Ltd - 6952 Long - NA $758k
Agilon Health, Inc. Watchdogresearch.com/watchdog/$AGL AGL Long - NA $757k
Kobe Bussan Co Ltd - 3038 Long - NA $753k
Hitachi Metals Ltd - 5486 Long - NA $753k
Ryman Healthcare Ltd - RYM Long - NA $753k
Nisshin Seifun Group Inc - 2002 Long - NA $751k
Ackermans & Van Haaren - ACKB Long - NA $750k
Japan Airport Terminal Co. - 9706 Long - NA $746k Ltd.
Rinnai Corp - 5947 Long - NA $742k
Wisetech Global Ltd - WTC Long - NA $737k
Ana Holdings Inc - 9202 Long - NA $736k
Nikon Corp - 7731 Long - NA $734k
Japan Post Insurance Co Ltd - 7181 Long - NA $733k
Diasorin Spa - DIA Long - NA $732k
Persol Holdings Co Ltd /Jpy/ - 2181 Long - NA $731k
Schibsted Asa Class A - SCHA Long - NA $730k
Infrastrutture Wireless Ital - INW Long - NA $729k
Thk Co Ltd - 6481 Long - NA $728k
Nagoya Railroad Co Ltd - 9048 Long - NA $726k
Kyushu Electric Power Co Inc - 9508 Long - NA $722k
Cheung Kong Infrastructure - 1038 Long - NA $721k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Uniper Se - UN01 Long - NA $720k
Tokyu Fudosan Holdings Corp - 3289 Long - NA $719k
Amada Holdings Co Ltd - 6113 Long - NA $717k
Yamada Denki Co Ltd - 9831 Long - NA $715k
Kawasaki Heavy Industries - 7012 Long - NA $709k Ltd.
Hikari Tsushin Inc - 9435 Long - NA $703k
Jr Kyushu - 9142 Long - NA $702k
Swedish Orphan Biovitrum Ab - SOBI Long - NA $701k
Yokogawa Electric Corp - 6841 Long - NA $700k
Genting Singapore Ltd. - GENS Long - NA $698k
Air Water Inc - 4088 Long - NA $695k
Elia - ELI Long - NA $695k
Colruyt Sa - COLR Long - NA $693k
Dino Polska Sa Common - DNP Long - NA $690k Stock Pln 0.1
Incitec Pivot Ltd - IPL Long - NA $685k
Haseko Corp - 1808 Long - NA $679k
Kuraray Co Ltd - 3405 Long - NA $675k
Aker Bp - AKERBP Long - NA $674k
Bank Of Kyoto Ltd/The - 8369 Long - NA $673k
Pigeon Corp - 7956 Long - NA $671k
Cd Projekt Sa - CDR Long - NA $670k
Keikyu Corp - 9006 Long - NA $669k
Rockwool Int B - ROCKB Long - NA $669k
Deutsche Lufthansa Ag - LHA Long - NA $664k
Sumitomo Heavy Industries - 6302 Long - NA $664k Ltd
Swire Paci c Ltd Cl A - 19 Long - NA $661k
A2 Milk Co Ltd - ATM Long - NA $660k
Fukuoka Financial Group Inc - 8354 Long - NA $659k
Welcia Holdings Co Ltd - 3141 Long - NA $657k
Sojitz Corp - 2768 Long - NA $652k
Leonardo Finmeccanica Spa - LDO Long - NA $647k
Zozo Inc /Jpy/ - 3092 Long - NA $641k
Hera Spa - HER Long - NA $639k
Qantas Airways Limited - QAN Long - NA $638k
Hexpol Ab - HPOLB Long - NA $636k
Keihan Holdings Co Ltd - 9045 Long - NA $635k
A2a Spa - A2A Long - NA $633k
Acciona Sa - ANA Long - NA $632k
Hitachi Construction - 6305 Long - NA $631k Machinery Co Ltd
Crown Resorts Limited - CWN Long - NA $627k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Swire Properties Ltd - 1972 Long - NA $620k
Alfresa Holdings Corp - 2784 Long - NA $618k
Cosmos Pharm - 3349 Long - NA $617k
Seibu Holdings Inc - 9024 Long - NA $617k
Kesko Oyj Common Stock Eur - KESKOA Long - NA $614k 0
Japan Airlines Co. Ltd. - 9201 Long - NA $611k
Raiffeisen Bank Internationa - RBI Long - NA $599k
Scsk Corporation - 9719 Long - NA $596k
Teijin Ltd - 3401 Long - NA $594k
Nomura Real Estate Holdings - 3231 Long - NA $593k In
Proximus - PROX Long - NA $588k
Vopak - VPK Long - NA $588k
Tokyo Tatemono Co Ltd - 8804 Long - NA $584k
Mcdonalds Holdings Co - 2702 Long - NA $582k Japan Ltd
Itochu Techno Solutions Corp - 4739 Long - NA $582k
Chugoku Electric Power Co - 9504 Long - NA $580k
Taisho Pharmaceutical Holdin - 4581 Long - NA $578k
Bank Of East Asia Ltd - 23 Long - NA $573k
The Yokohama Rubber - 5101 Long - NA $569k Company Ltd.
Axfood Ab - AXFO Long - NA $568k
Alumina Limited - AWC Long - NA $566k
Tokyo Century Co - 8439 Long - NA $559k
Taiheiyo Cement Corp - 5233 Long - NA $554k
Polskie Gornictwo Naftowe I - PGN Long - NA $554k
Harvey Norman - HVN Long - NA $551k
Isetan Mitsukoshi Holdings L - 3099 Long - NA $549k
Dassault Aviation Sa - AM Long - NA $548k
Ssab B - SSABB Long - NA $540k
Kaneka Corp - 4118 Long - NA $537k
Konecranes Oyj - KCR Long - NA $535k
Kewpie Corp - 2809 Long - NA $534k
Calbee Inc - 2229 Long - NA $529k
Aozora Bank Ltd - 8304 Long - NA $527k
Mitsubishi Materials Corp - 5711 Long - NA $514k
Buzzi Unicem Spa - BZU Long - NA $511k
Sumitomo Rubber Industries - 5110 Long - NA $510k
Jtekt Corp - 6473 Long - NA $505k
Yamazaki Baking Co Ltd - 2212 Long - NA $504k
Uol Group Ltd - UOL Long - NA $503k
Hino Motors Ltd - 7205 Long - NA $502k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Jde Peets Bv Jdep - JDEPNA Long - NA $502k
Azrieli Group Ltd - AZRG Long - NA $502k
Pirelli & C Spa - PIRC Long - NA $501k
Ngk Spark Plug Co Ltd - 5334 Long - NA $500k
Rockwool International A/S - ROCKA Long - NA $499k Common Stock Dkk 10
Oracle Corp Japan - 4716 Long - NA $497k
Mebuki Financial - 7167 Long - NA $493k
Electric Power Development C - 9513 Long - NA $492k
Ausnet Services - AST Long - NA $486k
Leroy Seafood Group - LSG Long - NA $485k
Nankai Electric Railway Co - 9044 Long - NA $483k
Chindata Group Holdings Ltd Watchdogresearch.com/watchdog/$CD CD Long - NA $482k
Shimamura Co Ltd - 8227 Long - NA $480k
Jgc Corp - 1963 Long - NA $479k
J Front Retailing Co Ltd - 3086 Long - NA $477k
Telefonica Deutschland Holdi - O2D Long - NA $476k
Seven Group Holdings Ltd - SVW Long - NA $472k
Banca Mediolanum Spa - BMED Long - NA $471k
Tokyo Electric Power - 9501 Long - NA $468k Company
Mitsubishi Logistics Corp - 9301 Long - NA $468k
Coca Cola Bottlers Japan Hol - 2579 Long - NA $466k Common Stock
Daicel Corp - 4202 Long - NA $463k
Suzuken Co Ltd - 9987 Long - NA $460k
Challenger Limited - CGF Long - NA $460k
Sjm Holdings Ltd - 880 Long - NA $456k
Lawson Inc - 2651 Long - NA $454k
Kongsberg Gruppen Asa - KOG Long - NA $454k
Sega Sammy Holdings Inc - 6460 Long - NA $452k
Wynn Macau Ltd - 1128 Long - NA $452k
Iliad Sa - ILD Long - NA $442k
Santander Bank Polska Sa - BZW Long - NA $440k
Harmonic Drive Systems Inc - 6324 Long - NA $440k
Pola Orbis Holdings Inc - 4927 Long - NA $438k
Rtl Group - RRTL Long - NA $437k
Kamigumi Co Ltd - 9364 Long - NA $436k
Bezeq The Israeli Telecom Co - BEZQ Long - NA $435k
Tsumura & Co - 4540 Long - NA $431k
Toyo Seikan Group Holdings L - 5901 Long - NA $430k
Talanx Ag - TLX Long - NA $430k
Sundrug Co Ltd - 9989 Long - NA $429k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Subsea 7 Sa Common Stock - SUBC Long - NA $428k Nok 2
Saab Ab B - SAABB Long - NA $427k
Shinsei Bank Ltd - 8303 Long - NA $427k
Mabuchi Motor Co Ltd - 6592 Long - NA $427k
Alps Alpine Ltd - 6770 Long - NA $424k
Ezaki Glico Co Ltd - 2206 Long - NA $421k
Ks Holdings Corp - 8282 Long - NA $419k
Intrum Justitia Ab - INTRUM Long - NA $413k
Kinden Corp - 1944 Long - NA $413k
Dic Corp - 4631 Long - NA $410k
Park24 Co Ltd - 4666 Long - NA $408k
Mapfre Sa - MAP Long - NA $408k
Acom Co Ltd - 8572 Long - NA $403k
Benesse Hd - 9783 Long - NA $392k
Fresnillo Plc - FRES Long - NA $389k
Pge Polska Grupa - PGE Long - NA $388k Energetyczna S.A.
Grandvision Nv - GVNV Long - NA $387k
Brembo Spa - BRE Long - NA $385k
H Lundbeck A/S - LUN Long - NA $385k
Mitsubishi Motors Corp - 7211 Long - NA $382k
Dena Co Ltd - 2432 Long - NA $362k
Maruichi Steel Tube Ltd - 5463 Long - NA $360k
Toyota Boshoku Corp - 3116 Long - NA $359k
Toyoda Gosei Co Ltd - 7282 Long - NA $358k
Abc Mart Inc - 2670 Long - NA $357k
Hochtief Ag - HOT Long - NA $340k
Izumi - 8273 Long - NA $335k
Seria Co Ltd - 2782 Long - NA $328k
Schroders Plc Common Non - SDRC Long - NA $325k Voting Gbp 100
Workman Co Ltd - 7564 Long - NA $322k
Jardine Cycle & Carriage Ltd - JCNC Long - NA $314k
Aeon Mall Co Ltd - 8905 Long - NA $308k
Seven Bank Ltd - 8410 Long - NA $307k
Salvatore Ferragamo Spa - SFER Long - NA $284k
Aeon Financial - 8570 Long - NA $263k
Unipolsai Spa - US Long - NA $257k
Orion Oyj Class A - ORNAV Long - NA $256k
Dairy Farm International - DFI Long - NA $247k Holdings Ltd Common Stock Usd 0.0555
Canon Marketing Japan Inc - 8060 Long - NA $244k
Argen X Nv - 1AE Long - NA $242k
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Grupa Lotos Sa - LTS Long - NA $240k
Ssab A - SSABA Long - NA $237k
Orange Polska Sa - OPL Long - NA $221k
Mbank Sa - MBK Long - NA $219k
Cimic Group Ltd - CIM Long - NA $208k
Vienna Insurance Group Ag - VIG Long - NA $202k
Swire Paci c Ltd Common - 87 Long - NA $194k Stock Hkd 0.12
Essity Aktiebolag A Common - ESSITYA Long - NA $181k Stock
Olam International Ltd - OLAM Long - NA $166k
Cathay Paci c Airways - 293 Long - NA $163k
Orient Corp - 8585 Long - NA $162k
Ericsson Lm A Shs - ERICA Long - NA $148k
Frasers Property Limited - FPL Long - NA $135k Common Stock Sgd
Strabag Se Br - STR Long - NA $121k
Nippon Television Holdings Inc - 9404 Long - NA $119k
Svenska Cellulosa Ab Sca - SCAA Long - NA $107k Common Stock Sek 3.33
Tokyo Broadcasting System - 9401 Long - NA $103k
Fuji Media Holdings Inc - 4676 Long - NA $103k
Svenska Handelsbanken B - SHBB Long - NA $84.9k Shs
Skf Ab A Shs - SKFA Long - NA $74.3k
Husqvarna Ab A Shs - HUSQA Long - NA $71.4k
Harbour Energy Plc - HBRLN Long - NA $47.4k
Hang Lung Group Ltd - 10 Long - NA $0
Hysan Development Co - 14 Long - NA $0
Nagacorp Ltd - 3918 Long - NA $0
Line Corp - 3938 Long - NA $0
Wharf Holdings Ltd - 4 Long - NA $0
Nippon Shokubai Co Ltd - 4114 Long - NA $0
Ube Industries Ltd - 4208 Long - NA $0
Konica Minolta Inc. - 4902 Long - NA $0
Guoco Group Ltd - 53 Long - NA $0
Sankyo Co Ltd - 6417 Long - NA $0
Nws Holdings Ltd - 659 Long - NA $0
Kerry Properties Ltd - 683 Long - NA $0
Ihi Corp - 7013 Long - NA $0
Kyushu Financial Group Inc - 7180 Long - NA $0
Nok - 7240 Long - NA $0
Pccw Ltd - 8 Long - NA $0
Credit Saison Co Ltd - 8253 Long - NA $0
Hachijuni Bank Ltd/The - 8359 Long - NA $0
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Chugoku Bank Ltd/The - 8382 Long - NA $0
Iyo Bank - 8385 Long - NA $0
Hitachi Credit Corporation - 8586 Long - NA $0
Matsui Securities Co Ltd - 8628 Long - NA $0
Ntt Docomo Inc - 9437 Long - NA $0
Shikoku Electric Power Co - 9507 Long - NA $0
Atotech Ltd Watchdogresearch.com/watchdog/$ATC ATC Long - NA $0
Altice Nv B - ATCB Long - NA $0
Babcock International Group - BAB Long - NA $0 Plc Common Stock Gbp
Banco Comercial Portugues - BCP Long - NA $0 Sa
Bankia Sa Common Stock - BKIA Long - NA $0 Eur1.0
Kinnevik Ab B - BN2C4W4 Long - NA $0
Jcdecaux Sa - DEC Long - NA $0
Faurecia S.E. - EOIM Long - NA $0
Epiroc Ab Class A - EPIA Long - NA $0
Epiroc Ab Common Stock Sek - EPIB Long - NA $0 0.412413
Fiat Chrysler Automobiles Nv - FCA Long - NA $0
Fraport Ag - FRA Long - NA $0
Gas Plc Ord Gbp0.25 - GFS Long - NA $0
Harbour Energy Plc - HBRLNLN Long - NA $0
Hexagon Ab B Shs - HEXAB Long - NA $0
Immo nanz Ag Common - IIA Long - NA $0 Stock Eur 0
Iluka Resources Limited - ILU Long - NA $0
Investor Ab Common Stock - INVEA Long - NA $0 Sek 6.25
Investor Ab B Shs - INVEB Long - NA $0
Jardine Strat - JS Long - NA $0
Kerry Group Plc A - KYG Long - NA $0
Micro Focus International - MCRO Long - NA $0
Metso Oyj - METSO Long - NA $0
Neles Oyj - METSOFH Long - NA $0
Ncc Ab B Shs - NCCB Long - NA $0
Nibe Industrier Ab B Shs - NIBEB Long - NA $0
Nmc Health Plc - NMC Long - NA $0
Nos Sgps - NOS Long - NA $0
Navigator Co Sa/The - NVG Long - NA $0
Kingspan Group Plc - PARQEXFLOAT042899 Long - NA $0
Rsa Insurance Group Plc - RSA Long - NA $0
Saipem Spa - SPM Long - NA $0
Stora Enso Oyj A Shs - STEAV Long - NA $0
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Company Access Details Ticker Held Current GSEF Category Value
Stellantis Nv Common Stock - STLA Long - NA $0
Swedish Match Ab - SWMA Long - NA $0
Thyssenkrupp Ag - TKA Long - NA $0
Travis Perkins Plc - TPK Long - NA $0
Unilever Nv - UNIA Long - NA $0
Uniqa Insurance Group Ag - UQA Long - NA $0
Volkswagen Ag - VOW Long - NA $0
Vestas Wind Systems A/S - VWS Long - NA $0
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 This is a story about four people investing in ETFs. They are named Everybody, Somebody, Anybody and Nobody.
Everybody wanted to buy ETFs because ETFs are such great investments. “Not so fast,” said Somebody. “Nobody should buy an ETF without rst understanding the accounting and disclosure risks for the ETF’s basket of stocks.”
Everybody scoffed: “Don’t be silly! What could go wrong? Let’s just BUY immediately! Somebody at the ETF must have done that work for us.” Anybody explained how Everybody was wrong in their thinking: “Most ETF prospectuses speci cally say Nobody at the ETF actually does traditional stock risk analysis.” Everybody read many ETF prospectuses, and, sure enough, Anybody was right! So, while Everybody should know the risks before buying an ETF, Nobody was actually doing it.
Until this report was created.
Watchdog Research, Inc. educates investors on accounting and disclosure risks.
Full Watchdog and Gray Swan Event Factor Reports offer in-depth information about identi ed risks. See more about Watchdog Research Inc. and available subscriptions below.
Watchdog Research, Inc. is an independent research organization that does not make "buy", "sell" or "hold" recommendations and does not trade in public stocks.
About Watchdog Research, Inc.
Watchdog Research, Inc. is an independent research provider and publisher of Watchdog Reports.
Watchdog Research analysts track gray swan events and critical disclosures for over 4,500 public companies. Gray swan events are reliably predictable, yet infrequent disclosures that expose a company's failures in accounting, internal controls, management integrity and which negatively impact stock prices or increase probabilities for a lawsuit.
Watchdog Reports identify red ags, issues, and other anomalies in nancial reporting. The reports contain warning signs, red ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and idea generation. Watchdog Reports are designed to assist investment professionals ful ll their duciary or suitability obligations and to help investors, executives, board members, regulators and educators learn what they need to know about publicly traded companies.
Watchdog Research, Inc. is headquartered in Ave Maria, FL, and it utilizes over 75 specialists and analysts to provide accurate and timely information to its readers. So far, it has delivered 300,000 public company reports to over 27,000 individuals, from over 9,000 investment rms and to 4,000+ public company corporate board members.
Watchdog Reports
An annual subscription to Watchdog Reports costs $5,000 per year per individual subscriber (group subscription rates available). Subscriptions provide unlimited access to 4,500+ public company Watchdog Reports. Reports are updated weekly. A subscription can also entitle users to download the reports weekly on Factset, Re nitiv (ex Thomson Reuters), Capital IQ or other platforms. Each company Watchdog Report identi es red and yellow ags, issues and other risks for the named company. A full report includes in-depth details and lists original SEC lings and source documents. Reports contain warning signs, attention ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and D&O insurance underwriting.
Gray Swan Event Factor Reports
An annual subscription to our Gray Swan Event Factor Reports costs $8,000 per year per individual subscriber (group subscription rates available). A GSEF annual subscription automatically includes a subscription to our Watchdog Reports. The GSEF is a forward looking valuation factor. It identi es the percent a stock’s price is overstated when accounting for the likelihood of a future negative accounting or disclosure event. These risks are di cult to quantify and tend to be ignored or disregarded as negligible. However, they often lead to substantial losses with each underlying stock. Before buying, selling or recommending a stock, anyone with a duciary or suitability obligation should review the stock’s Gray Swan Event Factor to quantify the stock’s potential losses for future accounting and disclosure risks. GSEF Reports are updated weekly on our website and quarterly on Factset, Re nitiv (ex Thomson Reuters), Capital IQ and other platforms. The full paid version includes detailed break-outs of contributing risk factors, with links to original source materials.
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Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272