半期報告書(内国投資信託受益証券)-第2期(令和1年9月11日-令和2年9月10日)

【提出】
2020/06/10 9:33
【資料】
PDFをみる
【項目】
18項目
(3)【中間注記表】
(重要な会計方針に係る事項に関する注記)

1.有価証券の評価基準及び評価方法投資信託受益証券
移動平均法に基づき、時価で評価しております。
時価評価にあたっては、投資信託受益証券の市場価格又は基準価額に基づいて評価しております。
親投資信託受益証券
移動平均法に基づき、時価で評価しております。
時価評価にあたっては、親投資信託受益証券の基準価額に基づいて評価しております。
2.収益及び費用の計上基準有価証券売買等損益の計上基準
約定日基準で計上しております。
3.その他財務諸表作成のための基本となる重要な事項金融商品の時価に関する補足情報
金融商品の時価には、市場価格に基づく価額のほか、市場価格がない場合には合理的に算定された価額が含まれております。当該価額の算定においては一定の前提条件等を採用しているため、異なる前提条件等によった場合、当該価額が異なることもあります。
剰余金又は欠損金
中間貸借対照表における剰余金又は欠損金について、「中間財務諸表等の用語、様式及び作成方法に関する規則」第3条の2に基づき、当中間計算期間末の中間剰余金又は中間欠損金の比較情報として、前計算期間末の剰余金又は欠損金を開示しております。

(中間貸借対照表に関する注記)

項目第1期計算期間末
2019年 9月10日現在		第2期中間計算期間末
2020年 3月10日現在
1.計算期間末日における受益権の総数567,207,726口654,378,758口
2.元本の欠損102,994,756円242,465,953円
3.計算期間末日における1口当たり純資産額1口当たり純資産額0.8184円1口当たり純資産額0.6295円
(10,000口当たり純資産額)(8,184円)(10,000口当たり純資産額)(6,295円)

(中間損益及び剰余金計算書に関する注記)

該当事項はありません。
(金融商品に関する注記)
金融商品の時価等に関する事項

項目第1期計算期間末
2019年 9月10日現在		第2期中間計算期間末
2020年 3月10日現在
1.貸借対照表計上額と時価との差額貸借対照表計上額は原則として時価で計上されているため、差額はありません。中間貸借対照表計上額は原則として時価で計上されているため、差額はありません。
2.時価の算定方法(1)有価証券(1)有価証券
重要な会計方針に係る事項に関する注記に記載しております。重要な会計方針に係る事項に関する注記に記載しております。
(2)デリバティブ取引(2)デリバティブ取引
該当事項はありません。該当事項はありません。
(3)上記以外の金銭債権及び金銭債務(3)上記以外の金銭債権及び金銭債務
短期間で決済されるため、時価は帳簿価額にほぼ等しいことから、当該帳簿価額を時価としております。短期間で決済されるため、時価は帳簿価額にほぼ等しいことから、当該帳簿価額を時価としております。

(デリバティブ取引等に関する注記)
取引の時価等に関する事項

該当事項はありません。



(その他の注記)
元本の移動

項目第1期計算期間
自 2018年 9月25日
至 2019年 9月10日		第2期中間計算期間
自 2019年 9月11日
至 2020年 3月10日
投資信託財産に係る元本の状況
期首元本額1,100,000円567,207,726円
期中追加設定元本額599,575,508円144,866,814円
期中一部解約元本額33,467,782円57,695,782円

(参考)
当ファンドは投資信託受益証券、親投資信託受益証券を投資対象としており、中間貸借対照表の資産の部に計上されている投資信託受益証券、親投資信託受益証券の状況は次の通りです。

投資信託受益証券については、当ファンドの作成期末において入手可能な直前計算期間の年次報告書の情報を基に掲載しています。
なお、以下に記載した情報は、監査の対象外です。

ディメンショナル・ファンズ・ピーエルシー グローバル・ターゲテッド・バリュー・ファンド
貸借対照表
2019年11月30日現在および2018年11月30日現在
グローバル・ターゲテッド・バリュー・ファンド
2019年11月30日
米ドル		2018年11月30日
米ドル
資産
損益を通じて公正価値で測定される金融資産3,169,503,1682,731,632,819
現金及び現金同等物12,690,28511,132,771
現金担保の受取金18,989,25323,795,311
売却株式の未収代金4,384,6733,879,190
売却証券の未収代金2,009,8661,688,372
未収配当及び未収還付税金6,351,7594,928,725
前払手数料10,75210,544
資産合計3,213,939,7562,777,067,732
負債
証券担保ローン契約に基づく未払代金(18,989,253)(23,795,311)
未払管理報酬(3,807,240)(2,309,839)
買戻し株式の未払代金(4,784,398)(1,538,919)
買戻し証券の未払代金(398,763)(5,047)
未払分配金(16,211,971)(12,608,674)
未払費用(1,046,842)(587,736)
負債合計
(買戻し可能株式の保有者に帰属する
純資産を除く)		(45,238,467)(40,845,526)
買戻し可能株式の保有者に帰属する純資産3,168,701,2892,736,222,206


包括利益計算書
2019年11月30日および2018年11月30日に終了する計算期間
グローバル・ターゲテッド・バリュー・ファンド
2019年11月30日
米ドル		2018年11月30日
米ドル
収益
受取利息53,87446,181
配当金67,622,05454,171,284
有価証券賃貸料収入2,544,7092,735,608
損益を通じて公正価値で測定される
金融資産の純(損失)/収益		96,804,821(286,449,250)
純(損失)/収益167,025,458(229,496,177)
費用
管理報酬(14,260,448)(13,991,575)
管理事務及び預託報酬(975,509)(1,233,271)
監査及び法務報酬(126,258)(159,709)
その他の費用(214,699)(210,795)
権利放棄前の営業費用合計(15,576,914)(15,595,350)
権利放棄及び弁済--
費用合計(15,576,914)(15,595,350)
金融費用控除前の営業活動から生じた
純(損失)/収益		151,448,544(245,091,527)
費用
支払利息(4,460)(4,913)
買戻可能株式の保有者への分配*(18,603,852)(13,981,521)
費用合計(18,608,312)(13,986,434)
税引前の営業活動から生じた
純(損失)/収益		132,840,232(259,077,961)
配当に対する源泉税及びその他の課税(11,702,904)(8,836,549)
税引後の営業活動から生じた
純(損失)/収益		121,137,328(267,914,510)
買戻し可能株式の保有者に帰属する
純資産の(減少)/増加		121,137,328(267,914,510)

損益は継続事業のみから生じたものです。
包括利益計算書に記載されているもの以外の損益はありません。
* 前会計年度の数値は、今会計年度の表示に対応するように再分類されています。特に、買戻可能参加型株式に対する分配は、包括利益計算書において金融コストとして表示されています。

グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式普通株式(続き)
オーストラリア 2.82%オーストラリア 2.82% (続き)
77 A2B Australia Ltd82-362 G8 Education Ltd4820.02
272 Accent Group Ltd3130.01146 Galaxy Resources Ltd95-
58 Adairs Ltd72-216 Genworth Mortgage Insurance Australia Ltd5370.02
233 Adelaide Brighton Ltd5550.02192 GrainCorp Ltd1,0560.03
109 Ainsworth Game Technology Ltd51-276 Grange Resources Ltd42-
208 Alkane Resources Ltd78-238 Greenland Minerals Ltd17-
20 Alliance Aviation Services Ltd35-145 GWA Group Ltd3240.01
1,272 AMP Ltd1,6840.05371 Harvey Norman Holdings Ltd1,0810.03
93 Ansell Ltd1,8600.06399 Healius Ltd8290.03
95 AP Eagers Ltd6330.0215 Helloworld Travel Ltd44-
521 Arafura Resources Ltd31-146 Horizon Oil Ltd13-
329 Ardent Leisure Group Ltd2620.01201 HT&E Ltd2200.01
96 ARQ Group Ltd25-10 Huon Aquaculture Group Ltd31-
10 AUB Group Ltd81-221 Imdex Ltd2430.01
395 Aurelia Metals Ltd115-1,270 Incitec Pivot Ltd2,7760.09
224 Austal Ltd6360.02429 Independence Group NL1,6990.05
408 Australian Agricultural Co Ltd2900.01178 Intega Group Ltd60-
381 Australian Pharmaceutical Industries Ltd3390.01255 IOOF Holdings Ltd1,3490.04
110 Australian Vintage Ltd38-128 iSelect Ltd47-
6 Auswide Bank Ltd23-71 iSentia Group Ltd13-
344 Bank of Queensland Ltd1,8240.0696 IVE Group Ltd1450.01
134 Bapcor Ltd6180.02220 Japara Healthcare Ltd1690.01
193 Base Resources Ltd29-695 Jupiter Mines Ltd117-
1,184 Beach Energy Ltd1,9210.06566 Karoon Energy Ltd4260.01
177 Bega Cheese Ltd4520.0295 Kingsgate Consolidated Ltd26-
46 Bell Financial Group Ltd32-396 Lendlease Group5,1870.16
420 Bendigo & Adelaide Bank Ltd2,8550.09295 Link Administration Holdings Ltd1,1560.04
259 Bingo Industries Ltd5040.02101 Lucapa Diamond Co Ltd8-
409 BlueScope Steel Ltd4,0290.13200 MACA Ltd1560.01
932 Boral Ltd3,2440.10547 Macmahon Holdings Ltd89-
58 Brickworks Ltd7350.02117 MaxiTRANS Industries Ltd18-
71 BWX Ltd2030.011,211 Mayne Pharma Group Ltd3810.01
173 Caltex Australia Ltd4,0460.1388 McPherson's Ltd1440.01
200 Capral Ltd16-126 Medusa Mining Ltd58-
178 Cardno Ltd58-299 Mesoblast Ltd3660.01
360 Cash Converters International Ltd58-303 Metals X Ltd23-
61 Castille Resources Ltd--637 Metcash Ltd1,2940.04
42 Cedar Woods Properties Ltd2110.0127 Michael Hill International Ltd (Australia listing)12-
262 Challenger Ltd1,4460.05108 Millennium Minerals Ltd4-
38 Clean TeQ Holdings Ltd6-103 Mineral Resources Ltd1,0840.03
1,239 Cleanaway Waste Management Ltd1,7780.06412 MMA Offshore Ltd50-
103 Collection House Ltd79-128 Monash IVF Group Ltd91-
66 Collins Foods Ltd4620.02155 Money3 Corp Ltd2290.01
1,163 Cooper Energy Ltd4210.0134 Mortgage Choice Ltd32-
90 Costa Group Holdings Ltd1590.016 Mosaic Brands Ltd10-
16 Crown Resorts Ltd1380.0111 MotorCycle Holdings Ltd17-
126 CSG Ltd26-543 Mount Gibson Iron Ltd2950.01
345 CSR Ltd1,1100.04984 Myer Holdings Ltd3400.01
30 CuDeco Ltd1-32 MyState Ltd102-
179 Decmil Group Ltd112-102 Navigator Global Investments Ltd1990.01
183 Domain Holdings Australia Ltd4320.01230 New Hope Corp Ltd3380.01
32 Dongfang Modern Agriculture Holding Group Ltd18-1,244 Nine Entertainment Co Holdings Ltd1,4860.05
403 Downer EDI Ltd2,2860.07232 Nufarm Ltd7770.03
235 Eclipx Group Ltd2540.0134 Onevue Holdings Ltd9-
93 Elders Ltd4060.01154 oOh!media Ltd3270.01
239 Energy World Corp Ltd14-48 Orora Ltd106-
213 Estia Health Ltd3880.01277 OZ Minerals Ltd1,9770.06
57 EVENT Hospitality and Entertainment Ltd5150.0240 Pacific Current Group Ltd1790.01
63 Finbar Group Ltd36-69 Pact Group Holdings Ltd119-
63 Fleetwood Corp Ltd88-150 Panoramic Resources Ltd38-
259 FlexiGroup Ltd3420.01166 Paragon Care Ltd51-
67 Freedom Foods Group Ltd2380.01212 Peet Ltd1830.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
オーストラリア 2.82% (続き)オーストリア 0.27%
598 Perenti Global Ltd7860.031 Mayr Melnhof Karton AG1450.01
917 Perseus Mining Ltd5410.025 Porr AG85-
23 Pioneer Credit Ltd39-94 Raiffeisen Bank International AG2,2120.07
64 Premier Investments Ltd8490.033 Semperit AG Holding38-
157 Prime Media Group Ltd20-9 Strabag SE3220.01
11 Propel Funeral Partners Ltd23-1 UBM Development AG38-
120 QMS Media Ltd99-87 UNIQA Insurance Group AG8710.03
621 Qube Holdings Ltd1,4140.0524 Vienna Insurance Group AG Wiener Versicherung
417 Ramelius Resources Ltd2860.01Gruppe6770.02
167 Red 5 Ltd32-50 Voestalpine AG1,3170.04
19 Reject Shop Ltd27-65 Wienerberger AG1,7710.06
505 Reliance Worldwide Corp Ltd1,4000.0415 Zumtobel Group AG119-
744 Resolute Mining Ltd5820.028,5650.27
177 Ridley Corp Ltd130-ベルギー 0.69%
37 RXP Services Ltd12-14 Ackermans & van Haaren NV2,1060.07
16 Salmat Ltd7-113 Ageas6,7560.21
126 Sandfire Resources NL4770.02104 AGFA‐Gevaert NV5320.02
79 Select Harvests Ltd4120.013 Atenor2230.01
1,210 Senex Energy Ltd2780.01- Banque Nationale de Belgique128-
42 Servcorp Ltd125-1 Barco NV1740.01
49 Seven Group Holdings Ltd6300.0233 Bekaert SA8680.03
536 Seven West Media Ltd134-53 bpost SA6320.02
9 SG Fleet Group Ltd16-5 Cie d'Entreprises CFE4690.01
851 Sigma Healthcare Ltd3990.0146 Deceuninck NV94-
547 Silver Lake Resources Ltd4110.0120 D'ieteren SA1,2820.04
236 Silver Mines Ltd13-118 Euronav NV1,2870.04
132 Sims Metal Management Ltd9640.039 EVS Broadcast Equipment SA1990.01
15 Siv Capital Ltd6-28 Exmar NV1660.01
449 Southern Cross Media Group Ltd2920.014 Gimv NV2760.01
148 SpeedCast International Ltd81-3 Immobel SA1940.01
109 SRG Global Ltd28-1 Jensen‐Group NV42-
267 St Barbara Ltd4740.0259 Nyrstar NV12-
655 Star Entertainment Grp Ltd2,1140.0749 Ontex Group NV9360.03
240 Strike Energy Ltd28-22 Orange Belgium SA4810.02
59 Sunland Group Ltd64-28 Oxurion NV83-
118 Super Retail Group Ltd7970.031 Picanol65-
102 Superloop Ltd67-52 Proximus SADP1,5570.05
261 Syrah Resources Ltd62-33 Recticel SA2950.01
180 Tassal Group Ltd5300.021 Resilux105-
124 Thorn Group Ltd20-2 Roularta Media Group NV33-
1,005 Tiger Resources Ltd--5 Sioen Industries NV118-
215 TPG Telecom Ltd1,0170.035 Sipef NV2650.01
106 Troy Resources Ltd8-13 Solvay SA1,5070.05
87 Village Roadshow Ltd1900.01- TER Beke SA39-
995 Virgin Australia Holdings Ltd104-19 Tessenderlo Group SA6720.02
365 Virgin Australia International Holdings--1 Van de Velde NV25-
61 Virtus Health Ltd1690.0131 Viohalco SA124-
89 Vita Group Ltd64-21,7450.69
494 Vocus Group Ltd1,0580.03カナダ 3.61%
57 Webjet Ltd4850.0231 5N Plus Inc50-
6 Webster Ltd7-7 Acadian Timber Corp91-
244 Western Areas Ltd4580.02155 Advantage Oil & Gas Ltd2850.01
245 Westgold Resources Ltd3320.0148 Aecon Group Inc6610.02
563 Whitehaven Coal Ltd1,1980.04165 Africa Oil Corp1510.01
194 Worley Ltd1,9720.0675 AGF Management Ltd3550.01
293 WPP AUNZ Ltd102-73 Aimia Inc2140.01
89,4022.826 Air Canada2370.01
オーストリア 0.27%2 AirBoss of America Corp9-
9 Agrana Beteiligungs AG1820.011 AKITA Drilling Ltd1-
18 AT&S AG3580.01263 Alacer Gold Corp1,4140.05
22 EVN AG4020.01315 Alamos Gold Inc1,7830.06
1 Kapsch TrafficCom AG28-42 Alaris Royalty Corp6930.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
カナダ 3.61% (続き)カナダ 3.61% (続き)
8 Algoma Central Corp79-20 Exco Technologies Ltd126-
12 Alio Gold Inc7-- EXFO Inc--
221 AltaGas Ltd3,2760.1024 Finning International Inc4390.01
32 Altius Minerals Corp2640.0120 Firm Capital Mortgage Investment Corp2260.01
4 Americas Gold & Silver Corp11-50 First Mining Gold Corp8-
22 Amerigo Resources Ltd8-532 First Quantum Minerals Ltd4,8620.15
231 ARC Resources Ltd1,1560.04301 Fission Uranium Corp61-
162 Argonaut Gold Inc2260.01133 Fortuna Silver Mines Inc4370.01
110 Asanko Gold Inc96-74 Freehold Royalties Ltd3720.01
371 Athabasca Oil Corp106-31 Frontera Energy Corp2220.01
15 AutoCanada Inc1530.011 GDI Integrated Facility Services Inc41-
226 B2Gold Corp8370.03127 Gear Energy Ltd41-
28 Barrick Gold Corp (Canada listing)4620.022 Genesis Land Development Corp5-
454 Baytex Energy Corp4920.0230 Genworth MI Canada Inc1,2790.04
215 Birchcliff Energy Ltd3560.012 Glacier Media Inc1-
39 Black Diamond Group Ltd53-27 GMP Capital Inc41-
221 BlackBerry Ltd1,2180.0419 GoldMoney Inc27-
292 Bonavista Energy Corp102-262 Gran Tierra Energy Inc2700.01
21 Bonterra Energy Corp50-11 Guardian Capital Group Ltd2330.01
3 Boralex Inc54-122 Guyana Goldfields Inc52-
75 Calfrac Well Services Ltd46-24 Heroux‐Devtek Inc3390.01
303 Cameco Corp2,7580.0915 High Arctic Energy Services Inc22-
102 Canaccord Genuity Group Inc3780.0114 High Liner Foods Inc97-
63 Canadian Western Bank1,6750.0565 Home Capital Group Inc1,6960.05
46 Canfor Corp5510.02124 Horizon North Logistics Inc103-
21 Canfor Pulp Products Inc134-208 Hudbay Minerals Inc6770.02
47 CanWel Building Materials Group Ltd1980.0121 iA Financial Corp Inc1,0520.03
290 Capstone Mining Corp127-388 IAMGOLD Corp1,4140.05
90 Cardinal Energy Ltd138-24 Imperial Metals Corp30-
61 Cascades Inc5720.027 Indigo Books & Music Inc23-
87 Celestica Inc6740.0254 Interfor Corp6400.02
182 Centerra Gold Inc1,5560.055 Intertain Group Ltd42-
4 Cervus Equipment Corp21-19 IPL Plastics Inc113-
194 CES Energy Solutions Corp2730.01249 Ivanhoe Mines Ltd6580.02
8 Chesswood Group Ltd63-2 K‐Bro Linen Inc51-
185 China Gold International Resources Corp Ltd141-103 Kelt Exploration Ltd2990.01
11 Cogeco Communications Inc9290.031,005 Kinross Gold Corp4,3420.14
5 Cogeco Inc4110.0188 Knight Therapeutics Inc5140.02
90 Continental Gold Inc3290.018 KP Tissue Inc61-
108 Copper Mountain Mining Corp47-43 Laurentian Bank of Canada1,5040.05
20 Corridor Resources Inc11-31 Leagold Mining Corp51-
129 Corus Entertainment Inc5590.0219 Leon's Furniture Ltd2300.01
101 Cott Corp1,3520.0478 Lightstream Resources Ltd--
448 Crescent Point Energy Corp1,5560.0538 Linamar Corp1,2870.04
120 Crew Energy Inc39-70 Lucara Diamond Corp43-
146 Detour Gold Corp2,7030.09317 Lundin Mining Corp1,7150.05
111 DHX Media Ltd140-12 Magellan Aerospace Corp139-
23 Dorel Industries Inc102-73 Major Drilling Group International Inc2950.01
61 DREAM Unlimited Corp5310.02- Manitok Energy Inc--
116 Dundee Precious Metals Inc4420.0139 Maple Leaf Foods Inc7160.02
264 ECN Capital Corp8840.0380 Martinrea International Inc7460.02
1 E‐L Financial Corp Ltd5400.023 Mav Beauty Brands Inc10-
152 Eldorado Gold Corp1,1930.041 Mediagrif Interactive Technologies Inc4-
309 Element Fleet Management Corp2,6640.08194 MEG Energy Corp8110.03
776 Encana Corp (Canada listing)3,0440.102 Melcor Developments Ltd21-
43 Endeavour Mining Corp8250.037 Methanex Corp2530.01
64 Enerflex Ltd5780.0234 Mountain Province Diamonds Inc28-
172 Enerplus Corp1,0670.0374 Mullen Group Ltd4570.01
117 Ensign Energy Services Inc2030.015 Neo Performance Materials Inc45-
12 Equitable Group Inc9680.0324 Nevada Copper Corp5-
120 Essential Energy Services Ltd25-565 New Gold Inc4850.02
6 Exchange Income Corp1950.0119 NFI Group Inc3910.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
カナダ 3.61% (続き)カナダ 3.61% (続き)
124 NuVista Energy Ltd2330.0154 Transcontinental Inc5960.02
48 Obsidian Energy Ltd23-60 TransGlobe Energy Corp64-
436 OceanaGold Corp8690.03374 Trevali Mining Corp56-
16 Onex Corp9400.03279 Trican Well Service Ltd1960.01
25 Osisko Gold Royalties Ltd2200.01135 Turquoise Hill Resources Ltd62-
90 Painted Pony Energy Ltd43-39 Uni‐Select Inc3070.01
146 Pan American Silver Corp2,8030.09108 Vermilion Energy Inc1,5460.05
49 Paramount Resources Ltd2240.0114 Wajax Corp1610.01
94 Parex Resources Inc1,3890.0438 West Fraser Timber Co Ltd1,6360.05
21 Park Lawn Corp4820.02303 Western Forest Products Inc2760.01
45 Pengrowth Energy Corp2-2 WestJet Airlines Ltd39-
90 Peyto Exploration & Development Corp1890.01342 Whitecap Resources Inc1,0570.03
29 PHX Energy Services Corp61-792 Yamana Gold Inc2,8740.09
10 Pinnacle Renewable Energy Inc65-51 Yangarra Resources Ltd43-
20 Pizza Pizza Royalty Corp1420.01114,5073.61
12 Polaris Infrastructure Inc106-中国 0.00%
9 PolyMet Mining Corp3-222 APT Satellite Holdings Ltd83-
128 PrairieSky Royalty Ltd1,3190.04252 China Flavors & Fragrances Co Ltd48-
266 Precision Drilling Corp2820.01131-
169 Premier Gold Mines Ltd2570.01デンマーク 0.62%
116 Pretium Resources Inc1,1670.0443 Agat Ejendomme AS22-
150 Quarterhill Inc2010.0160 Alm Brand AS4930.02
44 Questerre Energy Corp5-29 Bang & Olufsen AS165-
19 Reitmans Canada Ltd27-3 BankNordik P/F54-
13 Rocky Mountain Dealerships Inc63-2 Brodrene Hartmann AS100-
74 Rogers Sugar Inc2710.0173 Columbus AS99-
4 Roots Corp7-31 D/S Norden AS4780.01
34 Roxgold Inc22-30 Dfds AS1,2600.04
44 Russel Metals Inc7430.0238 FLSmidth & Co AS1,3950.04
132 Sabina Gold & Silver Corp1670.01- GronlandsBANKEN AS3-
132 Sandstorm Gold Ltd8860.0331 H Lundbeck AS1,1990.04
125 Secure Energy Services Inc4000.0120 H&H International AS3180.01
273 SEMAFO Inc5740.022 Harboes Bryggeri AS15-
215 Seven Generations Energy Ltd1,1640.0430 ISS AS6900.02
47 ShawCor Ltd4570.0159 Jyske Bank AS1,9480.06
28 Sierra Wireless Inc (Canada listing)2450.0112 Maersk Drilling AS7030.02
1 Sierra Wireless Inc (US listing)8-32 Matas AS2360.01
97 SSR Mining Inc1,5040.0519 NKT AS4050.01
38 Stantec Inc1,0110.038 NNIT AS118-
103 Stars Group Inc2,4760.0837 Pandora AS1,4810.05
24 Stelco Holdings Inc1900.012 Parken Sport & Entertainment AS32-
15 STEP Energy Services Ltd11-20 Per Aarsleff Holding AS6180.02
4 Storm Resources Ltd5-22 Ringkjoebing Landbobank AS1,6210.05
229 Stornoway Diamond Corp--2 Rockwool International AS, Class A4900.02
7 Strad Inc8-7 Rockwool International AS, Class B1,4860.05
21 Stuart Olson Inc23-6 RTX AS159-
111 Superior Plus Corp1,0520.0347 Scandinavian Tobacco Group AS5420.02
19 Supremex Inc33-12 Schouw & Co AS9040.03
213 Surge Energy Inc1620.016 Solar AS2190.01
172 Tamarack Valley Energy Ltd2340.0175 Spar Nord Bank AS6730.02
133 Taseko Mines Ltd55-62 Sydbank AS1,1700.04
79 Teranga Gold Corp3370.0126 TORM PLC2570.01
3 Tervita Corp15-1 United International Enterprises2250.01
191 Tidewater Midstream and Infrastructure Ltd1520.01462 Vestjysk Bank AS2240.01
32 Timbercreek Financial Corp2340.0119,8020.62
12 TMAC Resources Inc32-フィンランド 0.74%
16 TMX Group Ltd1,3030.0413 Afarak Group Oyj7-
138 TORC Oil & Gas Ltd3840.0116 Ahlstrom‐Munksjo Oyj2590.01
65 Torex Gold Resources Inc9750.0332 Aktia Bank Oyj3130.01
33 Total Energy Services Inc138-1 Apetit Oyj9-
210 Tourmaline Oil Corp1,9530.06- Asiakastieto Group Oyj15-
223 TransAlta Corp1,5040.0513 Aspo Oyj110-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
フィンランド 0.74% (続き)フランス 2.27% (続き)
9 Atria Oyj90-75 Elior Group SA9640.03
12 Bittium Oyj80-139 Elis SA2,7720.09
25 Cargotec Oyj8110.038 Eramet3790.01
25 Cramo Oyj3620.012 Erytech Pharma SA10-
41 Finnair Oyj2690.012 Esso SA Francaise44-
20 Fiskars Oyj Abp2640.0134 Etablissements Maurel et Prom SA97-
16 Glaston OYJ ABP20-80 Europcar Mobility Group3640.01
20 HKScan Oyj58-117 Eutelsat Communications SA1,9250.06
50 Huhtamaki Oyj2,1910.071 Exel Industries41-
2 Ilkka‐Yhtyma Oyj6-54 Faurecia SE2,8700.09
75 Kemira Oyj1,1670.041 Fleury Michon SA20-
10 Kesko Oyj, Class A6420.0213 Fnac Darty SA7420.02
36 Kesko Oyj, Class B2,4290.0810 GL Events2520.01
48 Konecranes Oyj1,5310.053 Groupe Crit1930.01
19 Lassila & Tikanoja Oyj3020.015 Groupe Open57-
117 Metsa Board Oyj7660.034 Guerbet2410.01
78 Nokian Renkaat Oyj2,1190.079 Haulotte Group SA53-
8 Olvi Oyj3480.012 Hexaom64-
76 Oriola Oyj, Class B1760.0123 Iliad SA2,9670.09
232 Outokumpu Oyj6640.0216 Imerys SA6310.02
101 Outotec Oyj5960.0237 IPSOS1,1750.04
3 Pihlajalinna Oyj54-14 Jacquet Metal Service SA2200.01
83 Raisio Oyj3170.0142 Korian SA1,8500.06
3 Rapala VMC Oyj10-57 Lagardere SCA1,2350.04
- Raute Oyj9-56 Latecoere SACA2370.01
50 Sanoma Oyj5120.022 Laurent‐Perrier162-
16 SRV Group Oyj25-2 Le Belier53-
2 Stockmann Oyj Abp, Class A4-1 Linedata Services21-
17 Stockmann Oyj Abp, Class B40-13 LISI4740.01
386 Stora Enso Oyj5,1860.1634 Maisons du Monde SA4940.02
6 Teleste Oyj39-7 Manitou BF SA146-
29 Tokmanni Group Corp3890.011 Manutan International65-
31 Uponor Oyj3930.0115 Mersen SA5010.02
8 Wartsila Oyj Abp81-19 METabolic EXplorer SA24-
113 YIT Oyj7530.0224 Nexans SA9480.03
23,4160.7431 Nexity SA1,5730.05
フランス 2.27%3 Nicox13-
7 Actia Group32-9 NRJ Group62-
11 AKWEL2510.0111 OL Groupe SA36-
24 Albioma SA6060.0236 Onxeo SA22-
117 Altran Technologies SA1,8220.064 Pierre & Vacances SA74-
3 Amplitude Surgical SAS5-6 Plastivaloire47-
31 Arkema SA3,2100.101 PSB Industries SA19-
6 Assystem SA2040.0143 Publicis Groupe SA1,9050.06
84 Atos SE7,1380.2334 Quadient7150.02
4 Axway Software SA51-17 Rallye SA125-
28 Beneteau SA3290.01226 Rexel SA2,7620.09
17 Bigben Interactive2870.0114 Rothschild & Co3940.01
2 Boiron SA77-4 Savencia SA2770.01
13 Bonduelle SCA3380.0113 SCOR SE5400.02
2 Bourbon Corp (France listing)10-4 Seche Environnement SA142-
- Burelle SA59-204 SES SA2,7110.09
37 Casino Guichard Perrachon SA1,6280.0512 Societe BIC SA8110.03
1 Catering International Services9-- Societe Marseillaise du Tunnel Prado‐Carenage SA11-
4 Cegedim SA121-8 Sopra Steria Group1,1620.04
603 CGG SA1,5770.0572 SPIE SA1,4550.05
14 Chargeurs SA2420.014 SRP Groupe SA7-
13 Cie des Alpes4050.012 Stef SA2330.01
38 Cie Plastic Omnium SA1,0210.034 Sword Group1630.01
77 Coface SA8460.032 Synergie SA56-
77 Derichebourg SA2670.0123 Tarkett SA3380.01
31 Eiffage SA3,4380.1161 Television Francaise 14900.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
フランス 2.27% (続き)ドイツ 2.67% (続き)
1 Total Gabon92-8 Hornbach Baumarkt AG1740.01
3 Trigano SA3710.016 Hornbach Holding AG & Co KGaA3820.01
182 Valeo SA7,1580.2314 Indus Holding AG6140.02
246 Vallourec SA6330.025 IVU Traffic Technologies AG60-
3 Vetoquinol SA2270.017 Jenoptik AG2180.01
16 Vicat SA6780.02145 K&S AG1,6360.05
3 VIEL & Cie SA16-49 KION Group AG3,2650.10
5 Vilmorin & Cie SA2950.0164 Kloeckner & Co SE4040.01
1 Vranken‐Pommery Monopole SA15-11 Koenig & Bauer AG3830.01
71,8922.2711 Krones AG7320.02
ドイツ 2.67%- KSB SE & Co KGaA29-
36 1&1 Drillisch AG9640.037 KWS Saat SE & Co KGaA4720.02
47 Aareal Bank AG1,4400.0559 Lanxess AG3,9530.13
5 Adler Modemaerkte AG23-5 Leifheit AG133-
41 ADVA Optical Networking SE3640.0122 Leoni AG2810.01
55 Aixtron SE5180.023 Manz AG66-
5 Allgeier SE1470.01130 METRO AG2,0930.07
28 Aurubis AG1,3120.0452 MLP SE2730.01
32 Axel Springer SE2,2190.0753 Nordex SE7240.02
8 Bauer AG127-14 Norma Group SE5620.02
12 BayWa AG3730.0167 OSRAM Licht AG2,8820.09
4 Bertrandt AG2520.01- Paragon GmbH & Co KGaA2-
4 Bijou Brigitte AG2070.0137 Patrizia AG7400.02
25 Bilfinger SE8950.0358 PNE AG2550.01
47 Borussia Dortmund GmbH & Co KGaA4310.011 Progress‐Werk Oberkirch AG42-
61 Ceconomy AG2940.0178 QSC AG102-
5 Centrotec Sustainable AG86-- R Stahl AG10-
3 Cewe Stiftung & Co KGAA3520.0130 Rheinmetall AG3,1430.10
23 comdirect bank AG3160.0126 Rhoen Klinikum AG5250.02
530 Commerzbank AG3,0610.1022 RIB Software SE5810.02
8 Corestate Capital Holding SA2930.0155 Rocket Internet SE1,3800.04
129 Covestro AG6,0490.1921 RTL Group SA9850.03
21 CropEnergies AG1970.0140 SAF‐Holland SA3160.01
11 Deutsche Beteiligungs AG4780.0231 Salzgitter AG6030.02
172 Deutsche Lufthansa AG3,2600.101 Schaltbau Holding AG23-
110 Deutsche Pfandbriefbank AG1,6620.052 Senvion SA--
109 Deutz AG6540.0237 SGL Carbon SE1780.01
53 Dialog Semiconductor PLC2,6760.089 Sixt Leasing SE110-
5 DMG Mori AG2190.018 SMA Solar Technology AG2640.01
2 Draegerwerk AG & Co KGaA111-2 SMT Scharf AG27-
18 Duerr AG5650.022 Softing AG23-
2 Eckert & Ziegler Strahlen‐ und Medizintechnik AG4360.0133 Software AG1,1240.04
3 EDAG Engineering Group AG40-2 Stabilus SA117-
9 Elmos Semiconductor AG2800.0154 Suedzucker AG8140.03
28 ElringKlinger AG2390.0114 SUESS MicroTec SE1810.01
5 First Sensor AG1780.017 Surteco Group SE1540.01
- FORTEC Elektronik AG9-35 Takkt AG4470.01
9 Francotyp‐Postalia Holding AG33-38 Talanx AG1,8150.06
20 Fraport AG Frankfurt Airport Services Worldwide1,7000.051 Technotrans SE25-
100 Freenet AG2,3270.0724 Tele Columbus AG77-
110 GEA Group AG3,5230.11594 Telefonica Deutschland Holding AG1,8120.06
22 Gerresheimer AG1,6020.055 Traffic Systems SE119-
7 Gesco AG135-82 United Internet AG2,7700.09
14 GFT Technologies SE1720.0117 VERBIO Vereinigte BioEnergie AG1920.01
- Grammer AG18-8 Vossloh AG3030.01
9 H&R GmbH & Co KGaA50-13 Wacker Chemie AG8700.03
10 Hamburger Hafen und Logistik AG2730.0124 Wacker Neuson SE4280.01
21 Hapag‐Lloyd AG1,7150.0519 Wuestenrot & Wuerttembergische AG4000.01
216 Heidelberger Druckmaschinen AG2970.017 Zeal Network SE1740.01
25 Hella GmbH & Co KGaA1,3640.0484,4782.67
1 Highlight Communications AG6-香港 0.91%
25 HolidayCheck Group AG69-74 Aeon Credit Service Asia Co Ltd59-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
香港 0.91% (続き)香港 0.91% (続き)
9 Aeon Stores Hong Kong Co Ltd4-550 Giordano International Ltd1690.01
695 Agritrade Resources Ltd55-363 Global Brands Group Holding Ltd28-
12 Allied Group Ltd61-334 Glorious Sun Enterprises Ltd36-
803 Allied Properties HK Ltd1540.01910 Good Resources Holdings Ltd9-
965 Applied Development Holdings Ltd22-583 Goodbaby International Holdings Ltd1120.01
10 Arts Optical International Holdings Ltd2-82 Grand Ming Group Holdings Ltd50-
128 Asia Financial Holdings Ltd65-153 Great Eagle Holdings Ltd5130.02
384 Asia Standard International Group Ltd61-20,533 G‐Resources Group Ltd1420.01
28 Associated International Hotels Ltd71-242 Guangnan Holdings Ltd24-
115 Automated Systems Holdings Ltd15-23 Guoco Group Ltd3820.01
25 Bank of East Asia Ltd56-2,719 Guotai Junan International Holdings Ltd4340.02
119 BOC Aviation Ltd1,1260.041,771 Haitong International Securities Group Ltd5020.02
182 BOCOM International Holdings Co Ltd27-92 Hang Fung Gold Technology Ltd--
342 BOE Varitronix Ltd95-557 Hang Lung Group Ltd1,3470.04
238 Bright Smart Securities & Commodities Group Ltd39-311 Hanison Construction Holdings Ltd46-
243 Brightoil Petroleum Holdings Ltd47-960 Hao Tian Development Group Ltd25-
1,860 Burwill Holdings Ltd17-74 Harbour Centre Development Ltd1140.01
355 Cathay Pacific Airways Ltd4750.02676 HKR International Ltd2830.01
138 CCT Fortis Holdings Ltd8-58 Hon Kwok Land Investment Co Ltd24-
905 Century City International Holdings Ltd65-72 Hong Kong Ferry Holdings Co Ltd64-
38 Chen Hsong Holdings11-896 Hong Kong Finance Investment Holding Group95-
112 Cheuk Nang Holdings Ltd50-356 Hongkong & Shanghai Hotels Ltd4080.01
44 Chevalier International Holdings Ltd64-360 Hongkong Chinese Ltd41-
650 China Best Group Holding Ltd16-1,330 Hsin Chong Group Holdings Ltd59-
4,950 China Energy Development Holdings Ltd105-314 Hung Hing Printing Group Ltd42-
432 China Star Entertainment Ltd63-1,246 Hutchison Telecommunications Hong Kong Holdings
8,865 China Strategic Holdings Ltd44-Ltd2470.01
305 Chinese Estates Holdings Ltd2380.01255 IPE Group Ltd26-
33 Chong Hing Bank Ltd56-4,516 IRC Ltd64-
285 Chow Sang Sang Holdings International Ltd3290.01354 IT Ltd86-
650 Chuang's China Investments Ltd36-393 ITC Properties Group Ltd59-
659 Chuang's Consortium International Ltd1250.01428 Jacobson Pharma Corp Ltd71-
1,203 CITIC Telecom International Holdings Ltd4370.02204 Johnson Electric Holdings Ltd4580.02
526 CK Life Sciences Int'l Holdings Inc47-192 Kader Holdings Co Ltd22-
312 CNQC International Holdings Ltd49-50 Kam Hing International Holdings Ltd3-
3,030 Convoy Global Holdings Ltd12-46 Keck Seng Investments26-
339 Cowell e Holdings Inc51-347 Kerry Logistics Network Ltd5350.02
277 Crocodile Garments19-455 Kerry Properties Ltd1,4700.05
3,755 CSI Properties Ltd1340.01142 Kingmaker Footwear Holdings Ltd17-
21,168 CST Group Ltd65-250 Kowloon Development Co Ltd2980.01
303 CW Group Holdings Ltd2-46 Kwoon Chung Bus Holdings Ltd18-
285 Dah Sing Banking Group Ltd3630.01181 Lai Sun Development Co Ltd2500.01
110 Dah Sing Financial Holdings Ltd4000.0177 Lai Sun Garment International Ltd96-
107 Dickson Concepts International Ltd51-833 Landing International Development Ltd82-
150 Eagle Nice International Holdings Ltd56-392 Landsea Green Group Co Ltd41-
228 EcoGreen International Group Ltd41-290 Langham Hospitality Investments and Langham
2,538 Emperor Capital Group Ltd61-Hospitality Investments Ltd83-
530 Emperor Entertainment Hotel Ltd107-820 Lerado Financial Group Co Ltd2-
924 Emperor International Holdings Ltd2230.014,672 Li & Fung Ltd5370.02
2,890 Emperor Watch & Jewellery Ltd62-916 Lippo China Resources Ltd20-
1,462 Esprit Holdings Ltd2890.01124 Lippo Ltd41-
1,090 Eternity Investment Ltd24-130 Liu Chong Hing Investment Ltd1780.01
1,079 Far East Consortium International Ltd5010.02215 Luk Fook Holdings International Ltd5980.02
153 Far East Holdings International Ltd4-60 Luks Group Vietnam Holdings Co Ltd13-
2,944 FIH Mobile Ltd4930.02100 Lung Kee Bermuda Holdings33-
1,666 First Pacific Co Ltd6130.021,455 Macau Legend Development Ltd1840.01
608 First Shanghai Investments Ltd29-822 Magnificent Hotel Investment Ltd17-
482 Fountain SET Holdings Ltd78-17,041 Mason Group Holdings Ltd109-
634 Freeman FinTech Corp Ltd8-259 Midland Holdings Ltd38-
336 Genting Hong Kong Ltd31-66 Ming Fai International Holdings Ltd7-
237 Get Nice Financial Group Ltd24-112 Miramar Hotel & Investment2150.01
5,404 Get Nice Holdings Ltd1600.01297 Modern Dental Group Ltd56-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
香港 0.91% (続き)香港 0.91% (続き)
294 Mongolian Mining Corp28-19 YGM Trading Ltd11-
328 Nameson Holdings Ltd27-409 Yue Yuen Industrial Holdings Ltd1,2100.04
66 National Electronics Holdings Ltd9-28,6930.91
125 Neo‐Neon Holdings Ltd9-アイルランド 0.36%
560 NewOcean Energy Holdings Ltd81-230 AIB Group PLC7520.03
60 OP Financial Ltd11-1,028 Bank of Ireland Group PLC5,1550.16
190 Orange Sky Golden Harvest Entertainment Holdings250 C&C Group PLC1,2650.04
Ltd7-230 Cairn Homes PLC3070.01
522 Oriental Watch Holdings1380.016 FBD Holdings PLC53-
946 Pacific Andes International Holdings Ltd3-31 Flutter Entertainment PLC3,5700.11
3,259 Pacific Basin Shipping Ltd6780.0222 Glanbia PLC2500.01
180 Paliburg Holdings Ltd59-41 Permanent TSB Group Holdings PLC47-
112 PC Partner Group Ltd28-11,3990.36
630 Playmates Holdings Ltd88-イスラエル 0.37%
192 Playmates Toys Ltd10-1 Afcon Holdings Ltd55-
821 Polytec Asset Holdings Ltd101-1 Albaad Massuot Yitzhak Ltd9-
933 PT International Development Co Ltd50-3 Alrov Properties and Lodgings Ltd114-
234 Public Financial Holdings Ltd93-19 Ashtrom Group Ltd2390.01
2,125 PYI Corp Ltd21-31 Ashtrom Properties Ltd1930.01
560 Rare Earth Magnesium Technology Group Holdings20-55 Azorim‐Investment Development & Construction Co
291 Regal Hotels International Holdings Ltd1500.01Ltd104-
1,100 Regent Pacific Group Ltd18-18 Carasso Motors Ltd89-
24 Safety Godown Co Ltd38-35 Cellcom Israel Ltd (Israel listing)100-
210 SAS Dragon Holdings Ltd66-23 Ceragon Networks Ltd45-
43 SEA Holdings Ltd41-37 Clal Insurance Enterprises Holdings Ltd6020.02
894 Shangri‐La Asia Ltd9270.032 Delek Group Ltd3300.01
295 Shenwan Hongyuan HK Ltd40-6 Delta Galil Industries Ltd1810.01
14 Shun Ho Property Investments Ltd4-5 Dor Alon Energy in Israel 1988 Ltd115-
1,077 Shun Tak Holdings Ltd4380.02283 El Al Israel Airlines82-
156 Sing Tao News Corp Ltd29-5 Electra Consumer Products 1970 Ltd94-
1,446 Singamas Container Holdings Ltd1590.0138 Energix‐Renewable Energies Ltd105-
199 Sitoy Group Holdings Ltd30-12 Equital Ltd3580.01
56 SOCAM Development Ltd17-39 First International Bank Of Israel Ltd1,2010.04
42 Soundwill Holdings Ltd50-6 Formula Systems 1985 Ltd3900.01
460 South China Holdings Co Ltd9-3 Gilat Satellite Networks Ltd28-
263 Stella International Holdings Ltd4330.022 Hadera Paper Ltd75-
544 Sun Hung Kai & Co Ltd2380.0190 Harel Insurance Investments & Financial Services
218 TAI Cheung Holdings Ltd1740.01Ltd7540.03
2,355 Talent Property Group Ltd10-7 Israel Land Development ‐ Urban Renewal Ltd68-
42 Tan Chong International Ltd11-1 Isras Investment Co Ltd2280.01
163 Tao Heung Holdings Ltd26-17 Kamada Ltd1250.01
151 Television Broadcasts Ltd2460.015 Kenon Holdings Ltd111-
554 Texwinca Holdings Ltd1590.0120 Magic Software Enterprises Ltd (Israel listing)2040.01
948 Town Health International Medical Group Ltd83-46 Mediterranean Towers Ltd1470.01
124 Transport International Holdings Ltd3230.01- Mehadrin Ltd15-
798 Trinity Ltd24-25 Meitav Dash Investments Ltd100-
426 Tsui Wah Holdings Ltd24-21 Menora Mivtachim Holdings Ltd3270.01
568 United Laboratories International Holdings Ltd3480.01336 Migdal Insurance & Financial Holdings Ltd3440.01
676 Up Energy Development Group Ltd2-- Minrav Holdings Ltd13-
210 Vantage International Holdings Ltd15-5 Mivtach Shamir Holdings Ltd90-
344 Vedan International Holdings Ltd34-- Municipal Bank Ltd32-
464 Victory City International Holdings Ltd21-14 Naphtha Israel Petroleum Corp Ltd85-
664 VSTECS Holdings Ltd3400.0118 Nawi Brothers Ltd1270.01
68 Wai Kee Holdings Ltd40-1 Neto ME Holdings Ltd1200.01
3,460 Wang On Group Ltd37-1,257 Oil Refineries Ltd6150.02
843 Wharf Holdings Ltd2,0410.0763 Partner Communications Co Ltd2910.01
232 Win Hanverky Holdings Ltd16-6 Paz Oil Co Ltd8680.03
39 Wing On Co International Ltd112-11 Perion Network Ltd56-
229 Wing Tai Properties Ltd1420.0174 Phoenix Holdings Ltd4620.02
174 Wonderful Sky Financial Group Holdings Ltd15-2 Plasson Industries Ltd101-
62 Wong's International Holdings Ltd21-119 Shikun & Binui Ltd5210.02
186 Wong's Kong King International16-56 Tower Semiconductor Ltd1,2530.04


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
イスラエル 0.37% (続き)イタリア 1.57% (続き)
17 Union Bank of Israel102-309 Poste Italiane SpA3,5970.11
4 YH Dimri Construction & Development Ltd111-122 Prysmian SpA2,7720.09
11,7790.37149 Reno de Medici SpA1490.01
イタリア 1.57%101 Retelit SpA1970.01
1,088 A2A SpA2,0450.0761 Rizzoli Corriere Della Sera Mediagroup SpA69-
37 ACEA SpA7670.035 Sabaf SpA68-
28 Aeffe SpA61-3 SAES Getters SpA104-
271 Anima Holding SpA1,3870.04122 Safilo Group SpA1950.01
67 Arnoldo Mondadori Editore SpA1610.01483 Saipem SpA2,2060.07
53 Ascopiave SpA2340.01153 Salini Impregilo SpA2970.01
1 Autostrade Meridionali SpA51-400 Saras SpA7040.02
13 Avio SpA2010.018 Servizi Italia SpA30-
16,439 Banca Carige SpA11-3 Sesa SpA124-
19 Banca IFIS SpA2810.01134 Societa Cattolica di Assicurazioni SC1,0780.03
23 Banca Monte dei Paschi di Siena SpA37-28 Societa Iniziative Autostradali e Servizi SpA4670.02
289 Banca Popolare di Sondrio SCPA6820.0216 SOL SpA2030.01
235 Banca Profilo SpA51-7 Tod's SpA2960.01
54 Banca Sistema SpA111-- TREVI ‐ Finanziaria Industriale SpA3-
1,230 Banco BPM SpA2,7310.093 TXT e‐solutions SpA34-
25 Banco di Desio e della Brianza SpA61-813 Unione di Banche Italiane SpA2,6240.08
4 Biesse SpA63-352 Unipol Gruppo SpA2,0590.07
316 BPER Banca1,5270.0561 UnipolSai Assicurazioni SpA1780.01
55 Buzzi Unicem SpA1,3480.0449,8461.57
60 Cairo Communication SpA1840.01日本 9.76%
39 Cementir Holding NV3020.0146 77 Bank Ltd7380.02
287 CIR‐Compagnie Industriali Riunite SpA3310.013 A&A Material Corp34-
65 Credito Emiliano SpA3810.0112 A&D Co Ltd86-
5,584 Credito Valtellinese SpA4310.0110 Achilles Corp1650.01
320 d'Amico International Shipping SA48-110 AD Works Co Ltd31-
10 Danieli&C Officine Meccaniche SpA1870.0164 ADEKA Corp9540.03
2 Datalogic SpA48-1 Advanex Inc14-
3 De' Longhi SpA64-19 AEON Financial Service Co Ltd2920.01
71 DeA Capital SpA109-4 AFC‐HD AMS Life Science Co Ltd22-
8 El.En. SpA3020.014 Agro‐Kanesho Co Ltd53-
15 Elica SpA56-2 AGS Corp12-
65 Emak SpA64-17 Ahresty Corp81-
45 ERG SpA9850.036 Aichi Bank Ltd2150.01
26 Esprinet SpA1320.0126 Aichi Corp1710.01
20 Eurotech SpA1820.018 Aichi Steel Corp2800.01
116 Falck Renewables SpA6190.022 Aichi Tokei Denki Co Ltd75-
450 Fincantieri SpA4480.0136 Aida Engineering Ltd3290.01
136 FNM SpA99-170 Aiful Corp3860.01
141 GEDI Gruppo Editoriale SpA44-9 Aigan Co Ltd20-
4 Gefran SpA32-7 Aiphone Co Ltd123-
86 Geox SpA113-25 Air Water Inc4100.01
10 Guala Closures SpA84-17 Airport Facilities Co Ltd85-
563 Hera SpA2,4850.086 Airtech Japan Ltd36-
34 Illimity Bank SpA3860.0126 Aisan Industry Co Ltd2070.01
96 IMMSI SpA60-24 Aizawa Securities Co Ltd1600.01
169 Intek Group SpA54-21 Akatsuki Corp64-
10 Italmobiliare SpA2730.0112 Akita Bank Ltd2330.01
8 IVS Group SA81-4 Albis Co Ltd88-
15 La Doria SpA1560.0116 Alconix Corp2060.01
249 Leonardo SpA2,9060.099 Alinco Inc96-
2 LU‐VE SpA33-14 Alpen Co Ltd2320.01
12 Massimo Zanetti Beverage Group SpA78-5 Alpha Corp59-
342 Mediaset SpA1,0310.034 Alpha Systems Inc108-
477 Mediobanca Banca di Credito Finanziario SpA5,3270.1710 Alps Logistics Co Ltd76-
6 Openjobmetis Spa agenzia per il lavoro55-8 Altech Co Ltd18-
273 OVS SpA6270.023 Amiyaki Tei Co Ltd97-
52 Piaggio & C SpA1660.011 Anabuki Kosan Inc36-
286 Pirelli & C SpA1,6190.053 AOI Electronics Co Ltd78-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
14 AOI TYO Holdings Inc86-106 Chugoku Bank Ltd1,0660.03
27 AOKI Holdings Inc2760.0136 Chugoku Marine Paints Ltd3380.01
14 Aomori Bank Ltd3540.018 Chukyo Bank Ltd1600.01
32 Aoyama Trading Co Ltd4930.022 Chuo Spring Co Ltd56-
89 Aozora Bank Ltd2,2780.075 Chuo Warehouse Co Ltd54-
13 Arakawa Chemical Industries Ltd1800.0125 CI Takiron Corp1550.01
9 Arata Corp3470.01217 Citizen Watch Co Ltd1,2030.04
3 Araya Industrial Co Ltd42-30 CKD Corp5000.02
22 Arcland Sakamoto Co Ltd2620.01- CK‐San‐Etsu Co Ltd8-
27 Arcs Co Ltd5680.0216 Cleanup Corp105-
6 Arealink Co Ltd71-34 CMK Corp2030.01
25 Arisawa Manufacturing Co Ltd2360.011 Coco's Japan Co Ltd14-
13 Artnature Inc94-11 Corona Corp121-
8 Asahi Broadcasting Group Holdings Corp54-16 Cosel Co Ltd1780.01
10 Asahi Co Ltd120-45 Cosmo Energy Holdings Co Ltd9790.03
41 Asahi Diamond Industrial Co Ltd2470.018 Cosmos Initia Co Ltd49-
3 Asahi Kogyosha Co Ltd101-4 Create Medic Co Ltd38-
2 Asahi Printing Co Ltd17-114 Credit Saison Co Ltd1,8840.06
11 Asahi Yukizai Corp1760.011 Cross Plus Inc9-
5 Asanuma Corp1990.018 CTI Engineering Co Ltd1490.01
2 Asax Co Ltd11-16 Dai Nippon Toryo Co Ltd1730.01
3 Ashimori Industry Co Ltd39-184 Daicel Corp1,8070.06
21 Asia Pile Holdings Corp105-9 Dai‐Dan Co Ltd2230.01
17 ASKA Pharmaceutical Co Ltd2070.015 Daido Kogyo Co Ltd41-
2 Asti Corp26-31 Daido Metal Co Ltd2050.01
12 Atsugi Co Ltd86-20 Daido Steel Co Ltd8980.03
35 Autobacs Seven Co Ltd5660.0219 Daidoh Ltd50-
19 Avex Inc2320.0114 Daihatsu Diesel Manufacturing Co Ltd80-
25 Awa Bank Ltd6170.0212 Daihen Corp4120.01
6 Axell Corp37-12 Daiho Corp3200.01
27 Bando Chemical Industries Ltd2220.012 Dai‐Ichi Cutter Kogyo KK26-
12 Bank of Iwate Ltd3280.016 Daiichi Jitsugyo Co Ltd2150.01
5 Bank of Kochi Ltd46-3 Daiichi Kensetsu Corp47-
9 Bank of Nagoya Ltd2800.0114 Daiichi Kigenso Kagaku‐Kogyo Co Ltd111-
16 Bank of Okinawa Ltd5250.027 Dai‐ichi Seiko Co Ltd1730.01
11 Bank of Saga Ltd1680.019 Daiken Corp1590.01
33 Bank of the Ryukyus Ltd3680.0119 Daiki Aluminium Industry Co Ltd1370.01
2 Bank of Toyama Ltd38-6 Daikoku Denki Co Ltd95-
39 Belluna Co Ltd2520.0128 Daikyonishikawa Corp2190.01
3 Biofermin Pharmaceutical Co Ltd60-7 Dainichi Co Ltd42-
2 Broccoli Co Ltd23-9 Dainichiseika Color & Chemicals Manufacturing Co
34 Bunka Shutter Co Ltd3010.01Ltd2830.01
3 C Uyemura & Co Ltd2160.0144 Daio Paper Corp5980.02
9 CAC Holdings Corp121-30 Daishi Hokuetsu Financial Group Inc8100.03
2 Canare Electric Co Ltd33-6 Daishinku Corp76-
12 Canon Electronics Inc2240.017 Daisue Construction Co Ltd56-
15 Carlit Holdings Co Ltd84-6 Daito Bank Ltd37-
12 Cawachi Ltd2440.016 Daitron Co Ltd87-
2 C'BON Cosmetics Co Ltd42-22 Daiwa Industries Ltd2580.01
28 Central Glass Co Ltd6790.0212 Daiwabo Holdings Co Ltd5690.02
42 Chiba Kogyo Bank Ltd130-75 DCM Holdings Co Ltd7310.02
9 Chilled & Frozen Logistics Holdings Co Ltd118-54 Denka Co Ltd1,6000.05
4 Chino Corp47-7 Denki Kogyo Co Ltd1910.01
9 Chiyoda Co Ltd1350.0112 Denyo Co Ltd2250.01
8 Chiyoda Integre Co Ltd1750.0144 Dexerials Corp4310.01
4 Chodai Co Ltd46-50 DIC Corp1,3720.04
14 Chofu Seisakusho Co Ltd3020.015 DKK‐Toa Corp42-
9 Chori Co Ltd1620.016 DKS Co Ltd2050.01
16 Chubu Shiryo Co Ltd2040.0116 Doshisha Co Ltd2570.01
22 Chudenko Corp5170.0218 Doutor Nichires Holdings Co Ltd3710.01
6 Chuetsu Pulp & Paper Co Ltd87-31 Dowa Holdings Co Ltd1,1200.04
5 Chugai Ro Co Ltd72-8 DSB Co Ltd49-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
25 Duskin Co Ltd7040.02127 Fukuoka Financial Group Inc2,4250.08
7 DyDo Group Holdings Inc3070.0115 Fukushima Bank Ltd43-
4 Dynic Corp29-20 Fukuyama Transporting Co Ltd7310.02
19 Eagle Industry Co Ltd1910.0116 Funai Electric Co Ltd107-
37 Ebara Corp1,1070.046 Furukawa Battery Co Ltd41-
3 Ebara Foods Industry Inc56-23 Furukawa Co Ltd3250.01
4 Ebara Jitsugyo Co Ltd85-49 Furukawa Electric Co Ltd1,3530.04
63 EDION Corp6870.0218 Furuno Electric Co Ltd2050.01
10 EF‐ON Inc67-8 Furusato Industries Ltd117-
23 Ehime Bank Ltd2570.015 Fuso Pharmaceutical Industries Ltd95-
20 Eidai Co Ltd63-26 Futaba Corp3320.01
10 Eizo Corp3910.0138 Futaba Industrial Co Ltd2910.01
11 Elematec Corp105-13 Fuyo General Lease Co Ltd8650.03
8 Endo Lighting Corp51-10 Gecoss Corp88-
3 Enomoto Co Ltd32-24 Geo Holdings Corp2860.01
6 Enplas Corp1900.014 Geomatec Co Ltd26-
15 Ensuiko Sugar Refining Co Ltd31-8 Geostr Corp40-
6 Eslead Corp124-2 GL Sciences Inc33-
13 ESPEC Corp2520.015 Global Ltd20-
3 ESTELLE Holdings Co Ltd16-33 Glory Ltd9880.03
5 Excel Co Ltd54-11 Glosel Co Ltd45-
20 Exedy Corp4550.027 Godo Steel Ltd1650.01
6 Faith Inc46-13 Goldcrest Co Ltd2570.01
5 Falco Holdings Co Ltd86-14 Grandy House Corp60-
22 FCC Co Ltd4850.0273 Gree Inc3490.01
83 Feed One Co Ltd128-43 GS Yuasa Corp8670.03
2 Felissimo Corp21-4 GSI Creos Corp46-
2 Fenwal Controls of Japan Ltd25-18 G‐Tekt Corp2850.01
28 Ferrotec Holdings Corp2380.013 Gun‐Ei Chemical Industry Co Ltd72-
141 FIDEA Holdings Co Ltd1710.01251 Gunma Bank Ltd8900.03
14 Fields Corp62-10 Gunze Ltd4920.02
31 First Bank of Toyama Ltd97-66 H2O Retailing Corp7380.02
6 First Juken Co Ltd74-99 Hachijuni Bank Ltd4240.01
11 FJ Next Co Ltd106-9 Hagihara Industries Inc125-
17 Foster Electric Co Ltd3180.015 Hagiwara Electric Holdings Co Ltd1340.01
16 France Bed Holdings Co Ltd1450.014 Hakudo Co Ltd57-
5 Freund Corp35-10 Hakuto Co Ltd124-
10 F‐Tech Inc68-10 Hamakyorex Co Ltd3350.01
12 Fudo Tetra Corp1610.0126 Hanwa Co Ltd6530.02
13 Fuji Co Ltd2390.0111 Happinet Corp1410.01
47 Fuji Corp (Aichi)8270.038 Hard Off Corp Co Ltd60-
20 Fuji Corp Ltd1320.0110 Harima Chemicals Group Inc108-
7 Fuji Die Co Ltd40-6 Haruyama Holdings Inc45-
34 Fuji Media Holdings Inc4600.02178 Haseko Corp2,2850.07
41 Fuji Oil Co Ltd91-1 Hashimoto Sogyo Holdings Co Ltd14-
9 Fuji Pharma Co Ltd120-2 Hayashikane Sangyo Co Ltd13-
6 Fujibo Holdings Inc2030.01115 Hazama Ando Corp9300.03
14 Fujicco Co Ltd2560.0131 Heiwa Corp6420.02
13 Fujikura Composites Inc56-20 Heiwa Real Estate Co Ltd4780.02
18 Fujikura Kasei Co Ltd95-22 Heiwado Co Ltd4170.01
176 Fujikura Ltd7560.0212 Helios Techno Holding Co Ltd56-
1 Fujimak Corp11-12 Hibiya Engineering Ltd2180.01
10 Fujimori Kogyo Co Ltd3290.0113 HI‐LEX Corp2230.01
67 Fujisash Co Ltd54-1 Himaraya Co Ltd11-
5 Fujishoji Co Ltd44-8 Hirakawa Hewtech Corp103-
24 Fujitec Co Ltd3810.012 Hirano Tecseed Co Ltd26-
9 Fujitsu Frontech Ltd96-174 Hiroshima Bank Ltd8600.03
7 Fujiya Co Ltd1470.011 Hiroshima Electric Railway Co Ltd5-
7 FuKoKu Co Ltd47-16 Hisaka Works Ltd1480.01
5 Fukuda Corp2100.0137 Hitachi Capital Corp9140.03
3 Fukuda Denshi Co Ltd1910.01129 Hitachi Zosen Corp4960.02
15 Fukui Bank Ltd2270.012 Hochiki Corp24-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
5 Hodogaya Chemical Co Ltd1690.01148 J Front Retailing Co Ltd1,9490.06
15 Hogy Medical Co Ltd4930.0251 J Trust Co Ltd2160.01
1 Hokkaido Coca‐Cola Bottling Co Ltd29-17 Jaccs Co Ltd4240.01
7 Hokkan Holdings Ltd122-20 Jafco Co Ltd7750.03
14 Hokko Chemical Industry Co Ltd75-13 Janome Sewing Machine Co Ltd49-
15 Hokkoku Bank Ltd4870.0218 Japan Asia Group Ltd61-
98 Hokuetsu Corp5140.027 Japan Asia Investment Co Ltd18-
90 Hokuhoku Financial Group Inc9380.0328 Japan Aviation Electronics Industry Ltd5340.02
5 Hokuriku Electric Industry Co Ltd54-12 Japan Cash Machine Co Ltd98-
7 Hokuriku Electrical Construction Co Ltd70-386 Japan Display Inc2500.01
15 Hokuto Corp2690.015 Japan Electronic Materials Corp36-
11 Honda Tsushin Kogyo Co Ltd54-18 Japan Foundation Engineering Co Ltd65-
14 H‐One Co Ltd99-2 Japan Oil Transportation Co Ltd51-
12 Honeys Holdings Co Ltd1510.018 Japan Pulp & Paper Co Ltd3080.01
3 Honshu Chemical Industry Co Ltd38-74 Japan Securities Finance Co Ltd3670.01
34 Hoosiers Holdings2160.0130 Japan Steel Works Ltd6300.02
39 Hosiden Corp4770.0227 Japan Transcity Corp1380.01
5 Hosokawa Micron Corp1840.0136 Japan Wool Textile Co Ltd3470.01
8 Howa Machinery Ltd56-8 Jastec Co Ltd80-
4 Hurxley Corp35-118 Jimoto Holdings Inc115-
158 Hyakugo Bank Ltd5130.0210 JK Holdings Co Ltd58-
18 Hyakujushi Bank Ltd3800.0113 JMS Co Ltd89-
4 Ichiken Co Ltd67-4 Joban Kosan Co Ltd57-
14 Ichinen Holdings Co Ltd1850.018 J‐Oil Mills Inc3030.01
24 Ichiyoshi Securities Co Ltd1470.0113 Joshin Denki Co Ltd2850.01
8 Icom Inc1770.0110 JSP Corp1670.01
2 IDEA Consultants Inc49-23 Juki Corp1890.01
49 IDOM Inc2340.0122 Juroku Bank Ltd5270.02
4 Ihara Science Corp50-133 JVCKenwood Corp3390.01
95 IHI Corp2,2250.0710 K&O Energy Group Inc1500.01
65 Iino Kaiun Kaisha Ltd2110.0137 Kadokawa Dwango5610.02
18 IJTT Co Ltd109-13 Kaga Electronics Co Ltd2830.01
4 Ikegami Tsushinki Co Ltd41-16 Kamei Corp1790.01
10 Imagica Group Inc59-12 Kanaden Corp1490.01
2 Imagineer Co Ltd21-4 Kanagawa Chuo Kotsu Co Ltd131-
14 Imasen Electric Industrial117-20 Kanamoto Co Ltd5730.02
30 Inaba Denki Sangyo Co Ltd7230.0264 Kandenko Co Ltd6100.02
6 Inaba Seisakusho Co Ltd81-31 Kaneka Corp1,0170.03
31 Inabata & Co Ltd4520.025 Kaneko Seeds Co Ltd74-
11 Ines Corp1370.0148 Kanematsu Corp6140.02
13 Innotech Corp129-43 Kansai Mirai Financial Group Inc2830.01
2 Intellex Co Ltd12-11 Kansai Super Market Ltd108-
6 I‐O Data Device Inc54-27 Kanto Denka Kogyo Co Ltd2650.01
2 Ise Chemicals Corp48-19 Kasai Kogyo Co Ltd1470.01
14 Iseki & Co Ltd2110.015 Katakura & Co‐op Agri Corp50-
249 Isetan Mitsukoshi Holdings Ltd2,2170.0717 Katakura Industries Co Ltd2100.01
4 Ishihara Chemical Co Ltd65-14 Kato Sangyo Co Ltd4760.02
26 Ishihara Sangyo Kaisha Ltd2750.018 Kato Works Co Ltd1330.01
1 Ishii Iron Works Co Ltd11-4 Kawada Technologies Inc2220.01
3 Ishizuka Glass Co Ltd54-1 Kawagishi Bridge Works Co Ltd22-
36 Itochu Enex Co Ltd2970.013 Kawai Musical Instruments Manufacturing Co Ltd115-
4 Itochu‐Shokuhin Co Ltd1890.0194 Kawasaki Heavy Industries Ltd2,1030.07
84 Itoham Yonekyu Holdings Inc5430.0257 Kawasaki Kisen Kaisha Ltd9430.03
27 Itoki Corp128-12 Kawasumi Laboratories Inc98-
13 IwaiCosmo Holdings Inc1540.011 Kawata Manufacturing Co Ltd14-
24 Iwaki & Co Ltd104-2 Keihin Co Ltdnato‐Ku Tokyo Japan25-
2 Iwaki Co Ltd23-30 Keihin Corp7060.02
5 Iwasaki Electric Co Ltd63-74 Keiyo Bank Ltd4240.01
23 Iwatani Corp7820.0329 Keiyo Co Ltd1430.01
9 Iwatsu Electric Co Ltd65-3 KEL Corp21-
2 Iwatsuka Confectionery Co Ltd83-7 Kenko Mayonnaise Co Ltd1680.01
169 Iyo Bank Ltd9270.0329 Kimoto Co Ltd51-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
12 Kimura Chemical Plants Co Ltd67-15 LIXIL VIVA Corp2590.01
5 Kimura Unity Co Ltd48-2 Lonseal Corp33-
96 Kinden Corp1,4360.055 Look Holdings Inc56-
5 King Co Ltd26-34 Macnica Fuji Electronics Holdings Inc5800.02
2 Kinki Sharyo Co Ltd33-103 Maeda Corp9250.03
22 Kintetsu World Express Inc3930.0139 Maeda Road Construction Co Ltd9240.03
20 Kissei Pharmaceutical Co Ltd5390.024 Maezawa Industries Inc13-
6 Kitagawa Corp127-9 Maezawa Kasei Industries Co Ltd97-
5 Kita‐Nippon Bank Ltd105-7 Maezawa Kyuso Industries Co Ltd1330.01
3 Kitano Construction Corp80-17 Makino Milling Machine Co Ltd8540.03
51 Kitz Corp3560.013 Mamiya‐Op Co Ltd29-
46 Kiyo Bank Ltd7160.028 Mars Group Holdings Corp1520.01
17 Koa Corp2220.0114 Marubun Corp74-
22 Koatsu Gas Kogyo Co Ltd1620.0116 Marudai Food Co Ltd3370.01
233 Kobe Steel Ltd1,1890.042 Marufuji Sheet Piling Co Ltd32-
3 Kobelco Eco‐Solutions Co Ltd43-26 Maruha Nichiro Corp6860.02
20 Kohnan Shoji Co Ltd4600.024 Maruka Corp93-
7 Kohsoku Corp74-3 Maruyama Manufacturing Co Inc31-
24 Kojima Co Ltd98-4 Maruzen CHI Holdings Co Ltd12-
54 Kokuyo Co Ltd8220.037 Maruzen Co Ltd128-
3 Komaihaltec Inc44-9 Maruzen Showa Unyu Co Ltd2580.01
20 Komatsu Matere Co Ltd1510.0110 Matsuda Sangyo Co Ltd1440.01
6 Komatsu Wall Industry Co Ltd125-13 Matsui Construction Co Ltd91-
5 Komehyo Co Ltd46-18 Max Co Ltd3470.01
23 Komeri Co Ltd4940.0236 Maxell Holdings Ltd4870.02
38 Komori Corp3960.015 Maxvalu Tokai Co Ltd94-
21 Konaka Co Ltd77-655 Mebuki Financial Group Inc1,6950.05
11 Kondotec Inc113-32 Megmilk Snow Brand Co Ltd7670.03
335 Konica Minolta Inc2,1970.0723 Meidensha Corp4510.02
20 Konishi Co Ltd2670.016 Meiji Electric Industries Co Ltd84-
16 Konoike Transport Co Ltd2360.0111 Meiji Shipping Co Ltd33-
11 Kosaido Co Ltd98-24 Meisei Industrial Co Ltd2070.01
4 Kosei Securities Co Ltd26-7 Meito Sangyo Co Ltd87-
4 Krosaki Harima Corp1830.0120 Meiwa Corp111-
5 KRS Corp77-9 Meiwa Estate Co Ltd50-
74 K's Holdings Corp9100.034 Melco Holdings Inc120-
9 KU Holdings Co Ltd75-6 Mercuria Investment Co Ltd42-
23 Kumagai Gumi Co Ltd6790.0213 Michinoku Bank Ltd1870.01
61 Kumiai Chemical Industry Co Ltd5790.0229 Mie Kotsu Group Holdings Inc1590.01
5 Kunimine Industries Co Ltd52-16 Mikuni Corp51-
13 Kurabo Industries Ltd3000.0114 Mimaki Engineering Co Ltd64-
11 Kureha Corp6580.0212 Mimasu Semiconductor Industry Co Ltd2130.01
7 Kurimoto Ltd129-11 Ministop Co Ltd1430.01
9 Kuriyama Holdings Corp70-6 Miraial Co Ltd75-
14 KYB Corp4240.0149 Mirait Holdings Corp7260.02
6 Kyodo Printing Co Ltd1540.0115 Misawa Homes Co Ltd1640.01
15 Kyoei Steel Ltd2850.017 Mitani Corp3420.01
4 Kyokuto Boeki Kaisha Ltd88-10 Mitani Sangyo Co Ltd32-
22 Kyokuto Kaihatsu Kogyo Co Ltd3230.0143 Mito Securities Co Ltd111-
16 Kyokuto Securities Co Ltd118-26 Mitsuba Corp1750.01
6 Kyokuyo Co Ltd1650.01119 Mitsubishi Gas Chemical Co Inc1,8560.06
32 KYORIN Holdings Inc5530.024 Mitsubishi Kakoki Kaisha Ltd76-
20 Kyoritsu Printing Co Ltd30-35 Mitsubishi Logistics Corp8920.03
31 Kyosan Electric Manufacturing Co Ltd1470.0184 Mitsubishi Materials Corp2,2430.07
15 Kyowa Electronic Instruments Co Ltd62-22 Mitsubishi Paper Mills Ltd101-
9 Kyowa Leather Cloth Co Ltd68-3 Mitsubishi Pencil Co Ltd43-
157 Kyushu Financial Group Inc7040.025 Mitsubishi Research Institute Inc1760.01
6 Kyushu Leasing Service Co Ltd33-9 Mitsubishi Shokuhin Co Ltd2500.01
5 Land Business Co Ltd33-11 Mitsubishi Steel Manufacturing Co Ltd108-
23 Laox Co Ltd62-16 Mitsuboshi Belting Ltd3000.01
179 Leopalace21 Corp4670.0260 Mitsui E&S Holdings Co Ltd4970.02
28 Lintec Corp6160.0214 Mitsui High‐Tec Inc2660.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
10 Mitsui Matsushima Holdings Co Ltd111-3 Nihon Dengi Co Ltd94-
39 Mitsui Mining & Smelting Co Ltd9890.033 Nihon Denkei Co Ltd33-
85 Mitsui OSK Lines Ltd2,2320.0726 Nihon House Holdings Co Ltd114-
12 Mitsui Sugar Co Ltd2580.018 Nihon Kagaku Sangyo Co Ltd71-
15 Mitsui‐Soko Holdings Co Ltd2760.0128 Nihon Nohyaku Co Ltd1480.01
23 Mitsuuroko Group Holdings Co Ltd2950.0153 Nihon Parkerizing Co Ltd5590.02
28 Mixi Inc5330.0212 Nihon Plast Co Ltd74-
5 Miyaji Engineering Group Inc85-9 Nihon Tokushu Toryo Co Ltd110-
12 Miyazaki Bank Ltd2780.016 Nihon Yamamura Glass Co Ltd75-
5 Miyoshi Oil & Fat Co Ltd60-1 Niitaka Co Ltd11-
19 Mizuho Leasing Co Ltd5550.025 Nikkato Corp35-
14 Mizuno Corp3680.0140 Nikkiso Co Ltd4890.02
13 Modec Inc3010.0117 Nikko Co Ltd115-
7 Molitec Steel Co Ltd26-36 Nikkon Holdings Co Ltd8890.03
116 Monex Group Inc3010.011 Nippi Inc42-
13 Money Partners Group Co Ltd29-39 Nippo Corp7910.03
5 MORESCO Corp58-8 Nippon Beet Sugar Manufacturing Co Ltd1570.01
21 Morinaga Milk Industry Co Ltd8600.036 Nippon Carbide Industries Co Inc82-
14 Morito Co Ltd99-6 Nippon Chemical Industrial Co Ltd1730.01
2 Morozoff Ltd72-11 Nippon Chemi‐Con Corp2110.01
4 Mory Industries Inc90-1 Nippon Chemiphar Co Ltd22-
16 MrMax Holdings Ltd74-117 Nippon Coke & Engineering Co Ltd87-
10 Mugen Estate Co Ltd70-30 Nippon Concrete Industries Co Ltd75-
5 Murakami Corp118-85 Nippon Denko Co Ltd1370.01
29 Musashi Seimitsu Industry Co Ltd4060.0122 Nippon Densetsu Kogyo Co Ltd4490.02
22 Musashino Bank Ltd3920.012 Nippon Dry‐Chemical Co Ltd28-
3 Mutoh Holdings Co Ltd41-61 Nippon Electric Glass Co Ltd1,2920.04
9 Nachi‐Fujikoshi Corp4300.012 Nippon Felt Co Ltd9-
3 Nadex Co Ltd24-7 Nippon Filcon Co Ltd35-
6 Nafco Co Ltd87-8 Nippon Fine Chemical Co Ltd94-
6 Nagano Bank Ltd89-33 Nippon Flour Mills Co Ltd5110.02
10 Nagano Keiki Co Ltd69-16 Nippon Hume Corp124-
76 Nagase & Co Ltd1,1220.048 Nippon Kayaku Co Ltd100-
14 Nakabayashi Co Ltd73-3 Nippon Kinzoku Co Ltd26-
2 Nakamoto Packs Co Ltd30-9 Nippon Koei Co Ltd2680.01
3 Nakamuraya Co Ltd101-5 Nippon Koshuha Steel Co Ltd18-
1 Nakanishi Manufacturing Co Ltd10-424 Nippon Light Metal Holdings Co Ltd8640.03
14 Nakano Corp59-74 Nippon Paper Industries Co Ltd1,2970.04
17 Nakayama Steel Works Ltd75-15 Nippon Pillar Packing Co Ltd2020.01
6 Nakayamafuku Co Ltd30-5 Nippon Piston Ring Co Ltd60-
2 Nakayo Inc28-3 Nippon Rietec Co Ltd34-
37 Namura Shipbuilding Co Ltd96-5 Nippon Road Co Ltd3250.01
22 Nanto Bank Ltd5470.0233 Nippon Seiki Co Ltd5540.02
4 Narasaki Sangyo Co Ltd68-3 Nippon Seisen Co Ltd78-
5 Natori Co Ltd79-3 Nippon Sharyo Ltd72-
7 NEC Capital Solutions Ltd1530.0176 Nippon Sheet Glass Co Ltd4500.02
24 Neturen Co Ltd1950.0111 Nippon Shokubai Co Ltd7050.02
22 New Japan Chemical Co Ltd43-37 Nippon Signal Company Ltd4370.01
9 NGK Spark Plug Co Ltd1700.0118 Nippon Soda Co Ltd4810.02
143 NHK Spring Co Ltd1,2660.0411 Nippon Steel Trading Corp5140.02
5 Nicca Chemical Co Ltd42-43 Nippon Thompson Co Ltd1940.01
5 Nice Holdings Inc53-12 Nippon Yakin Kogyo Co Ltd2630.01
19 Nichia Steel Works Ltd60-114 Nippon Yusen KK1,9560.06
36 Nichias Corp8670.031 Nireco Corp13-
7 Nichiban Co Ltd115-4 Nishikawa Rubber Co Ltd73-
34 Nichicon Corp3810.0140 Nishimatsu Construction Co Ltd8820.03
9 Nichiden Corp1750.0133 Nishimatsuya Chain Co Ltd3040.01
14 Nichiha Corp3610.013 Nishimoto Co Ltd96-
37 Nichi‐iko Pharmaceutical Co Ltd4520.0295 Nishi‐Nippon Financial Holdings Inc7350.02
17 Nichireki Co Ltd2070.0112 Nishio Rent All Co Ltd3320.01
6 Nichirin Co Ltd107-49 Nissan Shatai Co Ltd4920.02
14 Nihon Dempa Kogyo Co Ltd80-21 Nissan Tokyo Sales Holdings Co Ltd53-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
- Nissei Corp5-9 Osaka Soda Co Ltd2620.01
10 Nissei Plastic Industrial Co Ltd98-10 Osaka Steel Co Ltd127-
28 Nissha Co Ltd2890.0131 Osaki Electric Co Ltd2090.01
24 Nisshin Fudosan Co110-81 OSJB Holdings Corp1990.01
17 Nisshin Oillio Group Ltd6220.022 OUG Holdings Inc50-
109 Nisshinbo Holdings Inc9990.0317 Oyo Corp2140.01
10 Nissin Corp1620.011 Ozu Corp15-
29 Nissin Electric Co Ltd3020.0129 Pacific Industrial Co Ltd4060.01
29 Nissin Kogyo Co Ltd5840.0212 Pacific Metals Co Ltd2550.01
9 Nissin Sugar Co Ltd1720.018 Pack Corp2810.01
8 Nissui Pharmaceutical Co Ltd93-4 Paltek Corp17-
12 Nitta Corp3540.019 Paramount Bed Holdings Co Ltd3500.01
9 Nitta Gelatin Inc56-13 Parco Co Ltd1620.01
11 Nittan Valve Co Ltd27-16 Paris Miki Holdings Inc42-
4 Nittetsu Mining Co Ltd1810.0120 PC Depot Corp88-
15 Nitto Boseki Co Ltd5710.0214 Pegasus Sewing Machine Manufacturing Co Ltd63-
1 Nitto Fuji Flour Milling Co Ltd64-18 Piolax Inc3610.01
18 Nitto Kogyo Corp4170.014 Plant Co Ltd24-
7 Nitto Kohki Co Ltd130-12 Plenus Co Ltd2180.01
19 Nitto Seiko Co Ltd114-70 Press Kogyo Co Ltd2830.01
11 Nittoc Construction Co Ltd79-20 Pressance Corp3180.01
5 NJS Co Ltd76-252 Prospect Co Ltd71-
6 Noda Corp45-21 PS Mitsubishi Construction Co Ltd1360.01
3 Nojima Corp71-10 Punch Industry Co Ltd55-
65 NOK Corp1,0200.0325 Raiznext Corp2780.01
59 Nomura Real Estate Holdings Inc1,4270.057 Rasa Corp53-
7 Noritake Co Ltd Japan3060.016 Rasa Industries Ltd83-
14 Noritsu Koki Co Ltd2370.0112 Raysum Co Ltd112-
22 Noritz Corp2780.011 Regal Corp12-
198 North Pacific Bank Ltd4330.01131 Rengo Co Ltd9760.03
5 Nozawa Corp27-39 Renown Inc41-
7 NS United Kaiun Kaisha Ltd1440.0114 Restar Holdings Corp2570.01
298 NTN Corp9250.0312 Retail Partners Co Ltd100-
3 Odelic Co Ltd114-4 Rhythm Watch Co Ltd33-
36 Oenon Holdings Inc1350.016 Riberesute Corp44-
26 Ogaki Kyoritsu Bank Ltd5950.0211 Ricoh Leasing Co Ltd3660.01
4 Ohara Inc52-10 Right On Co Ltd56-
8 Ohashi Technica Inc108-7 Riken Corp2690.01
1 Ohki Healthcare Holdings Co Ltd11-10 Riken Keiki Co Ltd2070.01
1 Ohmoto Gumi Co Ltd37-32 Riken Technos Corp1460.01
15 Oiles Corp2240.017 Riken Vitamin Co Ltd2490.01
11 Oita Bank Ltd2780.011 Rix Corp19-
25 Okabe Co Ltd2130.018 Roland DG Corp1560.01
2 Okada Aiyon Corp25-18 Ryobi Ltd3540.01
1 Okamoto Machine Tool Works Ltd16-10 Ryoden Corp1560.01
38 Okamura Corp3770.0115 Ryosan Co Ltd4010.01
110 Okasan Securities Group Inc4100.0113 Ryoyo Electro Corp2410.01
3 Okaya Electric Industries Co Ltd9-8 S Foods Inc2160.01
18 Oki Electric Industry Co Ltd2550.014 S LINE CO Ltd35-
2 Okinawa Cellular Telephone Co57-12 Sac's Bar Holdings Inc99-
5 OKK Corp32-11 Sakai Chemical Industry Co Ltd2470.01
16 OKUMA Corp9130.033 Sakai Heavy Industries Ltd77-
20 Okumura Corp5650.024 Sakai Ovex Co Ltd68-
6 Okura Industrial Co Ltd101-28 Sakata INX Corp3030.01
19 Okuwa Co Ltd2440.0142 Sala Corp2350.01
3 Olympic Group Corp19-19 SAMTY Co Ltd3670.01
5 ONO Sokki Co Ltd22-7 San Holdings Inc87-
12 Onoken Co Ltd1410.0114 San ju San Financial Group Inc2240.01
77 Onward Holdings Co Ltd4430.015 San‐A Co Ltd2290.01
5 Organo Corp2790.0142 San‐Ai Oil Co Ltd4090.01
4 Origin Co Ltd61-17 Sanden Holdings Corp116-
10 Osaka Organic Chemical Industry Ltd124-7 Sanei Architecture Planning Co Ltd106-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
26 Sangetsu Corp4960.0225 Shinko Shoji Co Ltd2000.01
107 San‐In Godo Bank Ltd6610.0229 Shinmaywa Industries Ltd3820.01
15 Sanken Electric Co Ltd4250.0119 Shinnihon Corp1660.01
30 Sanki Engineering Co Ltd4030.0112 Shinoken Group Co Ltd1380.01
13 Sanko Gosei Ltd49-144 Shinsei Bank Ltd2,2800.07
2 Sanko Metal Industrial Co Ltd50-3 Shinsho Corp78-
- Sankyo Frontier Co Ltd7-10 Shizuki Electric Co Inc57-
27 Sankyo Seiko Co Ltd1470.0139 Shizuoka Gas Co Ltd3220.01
19 Sankyo Tateyama Inc2170.017 Shobunsha Publications Inc26-
16 Sanoyas Holdings Corp27-7 Shofu Inc100-
4 Sansei Landic Co Ltd30-5 Showa Aircraft Industry Co Ltd99-
7 Sansei Technologies Inc56-30 Showa Corp6360.02
7 Sansha Electric Manufacturing Co Ltd48-13 Showa Sangyo Co Ltd3740.01
10 Sanshin Electronics Co Ltd1450.011 Showa Shinku Co Ltd16-
1 Sanyei Corp35-3 Sigma Koki Co Ltd40-
8 Sanyo Chemical Industries Ltd3970.011 Siix Corp7-
6 Sanyo Denki Co Ltd2870.015 Sinanen Holdings Co Ltd94-
6 Sanyo Engineering & Construction Inc39-16 Sinfonia Technology Co Ltd2050.01
8 Sanyo Housing Nagoya Co Ltd72-11 Sinko Industries Ltd1870.01
9 Sanyo Shokai Ltd114-31 Sintokogio Ltd2910.01
16 Sanyo Special Steel Co Ltd2210.016 SK‐Electronics Co Ltd120-
6 Sanyo Trading Co Ltd1380.0199 SKY Perfect JSAT Holdings Inc4220.01
33 Sapporo Holdings Ltd8120.034 SMK Corp97-
9 Sata Construction Co Ltd33-22 SNT Corp93-
10 Sato Shoji Corp85-12 Soda Nikka Co Ltd67-
12 Satori Electric Co Ltd99-31 Sodick Co Ltd2930.01
18 Sawada Holdings Co Ltd1440.015 Soft99 Corp43-
3 Saxa Holdings Inc61-364 Sojitz Corp1,1460.04
21 Scroll Corp66-6 Soken Chemical & Engineering Co Ltd78-
1 SEC Carbon Ltd74-7 Soshin Electric Co Ltd31-
1 Secom Joshinetsu Co Ltd33-2 Sotoh Co Ltd21-
6 Seika Corp82-9 Space Co Ltd103-
23 Seikitokyu Kogyo Co Ltd1800.0125 Space Value Holdings Co Ltd119-
18 Seiko Holdings Corp4740.022 SPK Corp49-
8 Seiko PMC Corp76-10 St Marc Holdings Co Ltd2140.01
107 Seino Holdings Co Ltd1,4630.055 Starzen Co Ltd2160.01
10 Seiren Co Ltd1400.015 St‐Care Holding Corp23-
17 Sekisui Jushi Corp3400.012 Stella Chemifa Corp66-
17 Sekisui Plastics Co Ltd127-3 Step Co Ltd43-
68 Senko Group Holdings Co Ltd5600.021 Subaru Enterprise Co Ltd57-
6 Senshu Electric Co Ltd1590.017 Sugimoto & Co Ltd128-
169 Senshu Ikeda Holdings Inc3250.0115 Sumida Corp1810.01
25 Senshukai Co Ltd102-4 Suminoe Textile Co Ltd102-
2 Shibaura Electronics Co Ltd69-47 Sumiseki Holdings Inc65-
3 Shibaura Mechatronics Corp91-20 Sumitomo Bakelite Co Ltd7780.03
7 Shibusawa Warehouse Co Ltd1370.0111 Sumitomo Densetsu Co Ltd2590.01
30 Shiga Bank Ltd7510.0293 Sumitomo Forestry Co Ltd1,3480.04
7 Shikibo Ltd61-16 Sumitomo Heavy Industries Ltd4610.02
25 Shikoku Bank Ltd2340.01102 Sumitomo Mitsui Construction Co Ltd5620.02
23 Shikoku Chemicals Corp2720.0124 Sumitomo Osaka Cement Co Ltd9930.03
20 Shima Seiki Manufacturing Ltd5120.022 Sumitomo Precision Products Co Ltd73-
30 Shimachu Co Ltd8120.0327 Sumitomo Riko Co Ltd2500.01
15 Shimamura Co Ltd1,1950.04129 Sumitomo Rubber Industries Ltd1,6360.05
3 Shimane Bank Ltd18-7 Sumitomo Seika Chemicals Co Ltd2250.01
8 Shimizu Bank Ltd1500.0143 Sumitomo Warehouse Co Ltd5960.02
7 Shimojima Co Ltd76-20 Sun Frontier Fudousan Co Ltd2290.01
9 Shin Nippon Air Technologies Co Ltd1840.0113 Suncall Corp55-
14 Shin Nippon Biomedical Laboratories Ltd97-8 Sun‐Wa Technos Corp86-
4 Shinagawa Refractories Co Ltd117-2 Suzuden Corp25-
5 Shindengen Electric Manufacturing Co Ltd1770.018 Suzuki Co Ltd61-
31 Shin‐Etsu Polymer Co Ltd2700.0118 SWCC Showa Holdings Co Ltd1690.01
48 Shinko Electric Industries Co Ltd4820.0218 T Hasegawa Co Ltd3190.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
5 T RAD Co Ltd95-3 Toda Kogyo Corp58-
15 T&K Toka Co Ltd1360.01- Toei Co Ltd47-
11 Tachibana Eletech Co Ltd1770.016 Toenec Corp2060.01
8 Tachikawa Corp105-2 Togami Electric Manufacturing Co Ltd39-
23 Tachi‐S Co Ltd2960.01144 Toho Bank Ltd3710.01
72 Tadano Ltd7040.025 Toho Co Ltd (Kobe)91-
11 Taihei Dengyo Kaisha Ltd2320.0132 Toho Holdings Co Ltd7290.02
79 Taiheiyo Cement Corp2,2830.0710 Toho Zinc Co Ltd2010.01
6 Taiheiyo Kouhatsu Inc45-6 Tohoku Bank Ltd60-
13 Taiho Kogyo Co Ltd101-2 Tohoku Steel Co Ltd27-
15 Taikisha Ltd5140.028 Tohokushinsha Film Corp53-
5 Taiko Bank Ltd81-2 Tohto Suisan Co Ltd39-
4 Taisei Lamick Co Ltd97-123 Tokai Carbon Co Ltd1,2130.04
1 Taisei Oncho Co Ltd13-2 Tokai Lease Co Ltd35-
4 Takachiho Koheki Co Ltd42-39 Tokai Rika Co Ltd7610.02
10 Takamatsu Construction Group Co Ltd2450.01157 Tokai Tokyo Financial Holdings Inc4830.02
1 Takamatsu Machinery Co Ltd5-5 Token Corp3070.01
5 Takano Co Ltd40-6 Tokushu Tokai Paper Co Ltd2180.01
8 Takaoka Toko Co Ltd87-32 Tokuyama Corp8750.03
54 Takara Leben Co Ltd2410.0162 Tokyo Dome Corp5810.02
24 Takara Standard Co Ltd4440.015 Tokyo Electron Device Ltd101-
10 Takasago International Corp2440.0116 Tokyo Energy & Systems Inc1410.01
27 Takasago Thermal Engineering Co Ltd4680.029 Tokyo Keiki Inc82-
3 Takashima & Co Ltd45-21 Tokyo Kiraboshi Financial Group Inc3000.01
107 Takashimaya Co Ltd1,2650.0422 Tokyo Ohka Kogyo Co Ltd8050.03
7 Take And Give Needs Co Ltd90-1 Tokyo Printing Ink Manufacturing Co Ltd13-
5 Takebishi Corp66-5 Tokyo Radiator Manufacturing Co Ltd39-
14 Takeei Corp1570.012 Tokyo Rakutenchi Co Ltd113-
24 Takeuchi Manufacturing Co Ltd3690.0110 Tokyo Rope Manufacturing Co Ltd104-
- Takigami Steel Construction Co Ltd14-14 Tokyo Sangyo Co Ltd70-
4 Takihyo Co Ltd67-24 Tokyo Seimitsu Co Ltd8740.03
4 Takisawa Machine Tool Co Ltd47-65 Tokyo Steel Manufacturing Co Ltd4990.02
3 Takuma Co Ltd34-133 Tokyo Tatemono Co Ltd2,0260.06
10 Tamron Co Ltd2430.017 Tokyo Tekko Co Ltd92-
49 Tamura Corp3000.016 Tokyo Theatres Co Inc75-
4 Tanabe Engineering Corp32-52 Tokyu Construction Co Ltd3670.01
32 Tatsuta Electric Wire and Cable Co Ltd1730.012 Tokyu Recreation Co Ltd83-
11 Tayca Corp2010.0132 Toli Corp90-
15 TBK Co Ltd59-5 Tomato Bank Ltd51-
3 Techno Medica Co Ltd56-2 Tomen Devices Corp53-
5 Techno Ryowa Ltd41-18 Tomoe Corp65-
7 Techno Smart Corp64-5 Tomoe Engineering Co Ltd108-
116 Teijin Ltd2,1880.073 Tomoegawa Co Ltd24-
12 Teikoku Sen‐I Co Ltd2130.018 Tomoku Co Ltd132-
6 Teikoku Tsushin Kogyo Co Ltd69-112 TOMONY Holdings Inc4240.01
10 Tekken Corp2450.014 Tonami Holdings Co Ltd1710.01
12 Tenma Corp2150.0135 Toppan Forms Co Ltd3790.01
4 Tenox Corp27-24 Topre Corp3810.01
7 Teraoka Seisakusho Co Ltd30-11 Topy Industries Ltd2090.01
2 TESEC Corp23-4 Torex Semiconductor Ltd58-
10 Tigers Polymer Corp52-11 Torigoe Co Ltd95-
16 Toa Corp (Hyogo)1620.0111 Torii Pharmaceutical Co Ltd2830.01
13 Toa Corp (Tokyo)1850.0112 Torishima Pump Manufacturing Co Ltd107-
6 Toa Oil Co Ltd128-23 Tosei Corp2800.01
4 Toa Road Corp114-14 Toshiba Machine Co Ltd3520.01
3 Toabo Corp15-14 Toshiba Plant Systems & Services Corp3290.01
79 Toagosei Co Ltd9020.031 Totech Corp13-
2 Toba Inc40-1 Totoku Electric Co Ltd21-
14 Tobishima Corp1880.016 Tottori Bank Ltd79-
35 TOC Co Ltd2800.013 Toukei Computer Co Ltd90-
74 Tochigi Bank Ltd1550.0125 Towa Bank Ltd2040.01
169 Toda Corp1,0380.0315 Towa Corp1660.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
日本 9.76% (続き)日本 9.76% (続き)
57 Toyo Construction Co Ltd2630.0121 Yamabiko Corp2210.01
14 Toyo Corp1460.0120 Yamagata Bank Ltd2900.01
5 Toyo Denki Seizo KK66-144 Yamaguchi Financial Group Inc9940.03
15 Toyo Engineering Corp94-3 Yamaha Motor Robotics Holdings Co Ltd15-
26 Toyo Ink SC Holdings Co Ltd6360.0221 Yamanashi Chuo Bank Ltd2160.01
6 Toyo Kanetsu KK121-40 Yamashina Corp25-
5 Toyo Logistics Co Ltd14-7 Yamatane Corp92-
12 Toyo Machinery & Metal Co Ltd62-12 Yamato Corp80-
47 Toyo Securities Co Ltd73-11 Yamato International Inc38-
107 Toyo Seikan Group Holdings Ltd1,8600.0630 Yamato Kogyo Co Ltd7470.02
10 Toyo Tanso Co Ltd2080.013 Yamaya Corp54-
71 Toyo Tire Corp1,0200.032 Yamazawa Co Ltd26-
4 Toyo Wharf & Warehouse Co Ltd53-35 Yamazen Corp3330.01
61 Toyobo Co Ltd8920.0311 Yashima Denki Co Ltd86-
43 Toyoda Gosei Co Ltd1,0050.0311 Yasuda Logistics Corp101-
43 Toyota Boshoku Corp6720.0221 Yellow Hat Ltd3750.01
17 TPR Co Ltd3310.0116 Yodogawa Steel Works Ltd3030.01
2 Trinity Industrial Corp15-20 Yokogawa Bridge Holdings Corp3450.01
28 TS Tech Co Ltd8730.0336 Yokohama Reito Co Ltd3510.01
51 TSI Holdings Co Ltd2560.0178 Yokohama Rubber Co Ltd1,6140.05
19 Tsubakimoto Chain Co6530.025 Yomeishu Seizo Co Ltd91-
3 Tsubakimoto Kogyo Co Ltd106-3 Yondenko Corp86-
3 Tsudakoma Corp36-15 Yorozu Corp1910.01
12 Tsukada Global Holdings Inc71-12 Yotai Refractories Co Ltd77-
19 Tsukishima Kikai Co Ltd2850.012 Yuasa Funashoku Co Ltd70-
66 Tsukuba Bank Ltd1450.0111 Yuasa Trading Co Ltd3510.01
11 Tsurumi Manufacturing Co Ltd2090.012 Yuken Kogyo Co Ltd31-
5 Tsutsumi Jewelry Co Ltd101-28 Yurtec Corp1700.01
4 Tsuzuki Denki Co Ltd47-8 Yushiro Chemical Industry Co Ltd95-
17 TV Asahi Holdings Corp2730.012 Yutaka Giken Co Ltd31-
11 Tv Tokyo Holdings Corp2240.013 Zaoh Co Ltd45-
15 TYK Corp46-2 Zenitaka Corp66-
24 UACJ Corp5350.0215 Zojirushi Corp2460.01
75 Ube Industries Ltd1,6160.053 Zuiko Corp95-
6 Uchida Yoko Co Ltd2570.01309,3809.76
8 Uchiyama Holdings Co Ltd42-オランダ 0.89%
2 Ueki Corp34-10 Aalberts NV4150.01
7 UMC Electronics Co Ltd34-13 Accell Group NV3710.01
4 Uniden Holdings Corp66-711 Aegon NV3,2030.10
3 UNIMAT Retirement Community Co Ltd44-34 APERAM SA1,0270.03
6 Union Tool Co1760.0156 Arcadis NV1,1320.04
29 Unipres Corp4450.0132 ASM International NV3,5510.11
3 UNITED Inc38-106 ASR Nederland NV3,9250.12
35 United Super Markets Holdings Inc3150.0158 Boskalis Westminster1,3550.04
72 Ushio Inc1,0760.0313 Brunel International NV129-
11 Utoc Corp54-22 ForFarmers NV137-
28 Valor Holdings Co Ltd5120.0251 Fugro NV4730.02
4 Vertex Corp64-16 Heijmans NV131-
33 Vital KSK Holdings Inc3300.013 Hunter Douglas NV1880.01
34 Wacoal Holdings Corp9300.0342 Intertrust NV7890.03
9 Wakachiku Construction Co Ltd1450.018 Kendrion NV1790.01
29 Wakita & Co Ltd2930.01175 Koninklijke BAM Groep NV4780.02
10 Warabeya Nichiyo Holdings Co Ltd1740.0136 Koninklijke Vopak NV1,8870.06
7 Watts Co Ltd36-64 Ordina NV1460.01
4 Wavelock Holdings Co Ltd28-64 Randstad NV3,7420.12
6 Wood One Co Ltd66-125 SBM Offshore NV2,1000.07
18 Xebio Holdings Co Ltd2230.0168 Signify NV2,0360.06
7 YAC Holdings Co Ltd49-2 Sligro Food Group NV39-
5 Yachiyo Industry Co Ltd29-- SNS REAAL NV--
1 Yagi & Co Ltd12-42 TomTom NV4380.01
19 Yahagi Construction Co Ltd131-8 Van Lanschot Kempen NV1970.01
4 Yaizu Suisankagaku Industry Co Ltd35-28,0680.89


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
ニュージーランド 0.20%ノルウェー 0.37% (続き)
341 Air New Zealand Ltd6200.0210 Wilh Wilhelmsen Holding ASA, Class A1590.01
90 Arvida Group Ltd94-73 XXL ASA126-
290 Chorus Ltd1,0980.0411,7630.37
5 Comvita Ltd10-ポルトガル 0.14%
135 Fletcher Building Ltd4540.0252 Altri SGPS SA3240.01
291 Heartland Group Holdings Ltd3170.015,552 Banco Comercial Portugues SA1,1980.04
111 Kathmandu Holdings Ltd2140.01961 Banco Espirito Santo SA--
97 Metlifecare Ltd3630.0182 CTT‐Correios de Portugal SA2770.01
48 Metro Performance Glass Ltd9-54 EDP Renovaveis SA5860.02
5 New Zealand King Salmon Investments Ltd7-153 Navigator Co SA5890.02
117 New Zealand Refining Co Ltd1490.0171 NOS SGPS SA3830.01
72 NZME Ltd18-20 Semapa-Sociedade de Investimento e Gestao3080.01
76 Oceania Healthcare Ltd53-92 Sonae Capital SGPS SA82-
11 PGG Wrightson Ltd17-785 Sonae SGPS SA7880.02
26 Sanford Ltd1270.014,5350.14
5 Scales Corp Ltd16-シンガポール 0.37%
67 Skellerup Holdings Ltd101-369 Accordia Golf Trust1890.01
221 SKY Network Television Ltd120-48 Amara Holdings Ltd16-
426 SKYCITY Entertainment Group Ltd1,0930.04174 Banyan Tree Holdings Ltd51-
65 Steel & Tube Holdings Ltd34-122 Boustead Singapore Ltd68-
134 Summerset Group Holdings Ltd6630.0274 Bukit Sembawang Estates Ltd2630.01
55 Tourism Holdings Ltd114-136 China Aviation Oil Singapore Corp Ltd1230.01
155 Tower Ltd76-55 China Sunsine Chemical Holdings Ltd21-
39 Warehouse Group Ltd72-267 Chip Eng Seng Corp Ltd1220.01
106 Z Energy Ltd3490.0196 Chuan Hup Holdings Ltd17-
6,1880.2066 CITIC Envirotech Ltd26-
ノルウェー 0.37%223 DMX Technologies Group Ltd--
137 Akastor ASA132-9 Elec & Eltek International Co Ltd14-
96 Aker Solutions ASA2290.011,894 Ezion Holdings Ltd22-
34 American Shipping Co ASA118-1,374 Ezra Holdings Ltd10-
69 Archer Ltd21-105 Far East Orchard Ltd89-
79 Austevoll Seafood ASA7520.027 Fraser and Neave Ltd8-
44 Avance Gas Holding Ltd2320.01171 Frasers Property Ltd2150.01
86 Axactor SE153-329 Fu Yu Corp Ltd57-
203 B2Holding ASA1890.0164 GK Goh Holdings Ltd40-
15 Bonheur ASA3150.01151 GL Ltd88-
73 BW LPG Ltd6300.023,551 Golden Agri‐Resources Ltd5580.02
81 BW Offshore Ltd5380.02157 GuocoLand Ltd2330.01
442 DNO ASA5030.02152 Hanwell Holdings Ltd25-
107 DOF ASA16-67 Haw Par Corp Ltd6540.02
27 FLEX LNG Ltd2550.0123 Hiap Hoe Ltd13-
50 Frontline Ltd5520.02122 Ho Bee Land Ltd2110.01
42 Hoegh LNG Holdings Ltd153-241 Hong Fok Corp Ltd1430.01
206 Kongsberg Automotive ASA108-203 Hong Leong Asia Ltd97-
6 Kongsberg Gruppen ASA88-118 Hong Leong Finance Ltd2270.01
108 Kvaerner ASA143-36 Hotel Grand Central Ltd34-
68 Norwegian Air Shuttle ASA2890.0147 Hour Glass Ltd28-
45 Ocean Yield ASA2360.012,868 Hutchison Port Holdings Trust4530.02
95 Odfjell Drilling Ltd2620.0133 Hwa Hong Corp Ltd8-
4 Odfjell SE13-359 Hyflux Ltd14-
124 Otello Corp ASA2190.01189 Indofood Agri Resources Ltd45-
305 PGS ASA5140.02203 Japfa Ltd87-
16 Prosafe SE6-89 KSH Holdings Ltd29-
13 Q‐Free ASA8-232 Lian Beng Group Ltd84-
48 Sbanken ASA3570.0172 Low Keng Huat Singapore Ltd22-
27 Selvaag Bolig ASA1840.0133 Lum Chang Holdings Ltd8-
68 SpareBank 1 SR‐Bank ASA7130.02281 Metro Holdings Ltd1930.01
22 Stolt‐Nielsen Ltd2680.01828 Midas Holdings Ltd22-
200 Storebrand ASA1,4300.05194 OUE Ltd2130.01
156 Subsea 7 SA1,6340.05452 Oxley Holdings Ltd117-
41 Treasure ASA60-135 Pacc Offshore Services Holdings Ltd21-
69 Wallenius Wilhelmsen ASA158-101 Penguin International Ltd51-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
シンガポール 0.37% (続き)スウェーデン 1.09% (続き)
87 QAF Ltd51-5 BE Group AB17-
373 Raffles Education Corp Ltd24-13 Beijer Electronics Group AB80-
590 Sembcorp Industries Ltd9450.0321 Bergman & Beving AB1770.01
107 SHS Holdings Ltd13-2 Besqab AB33-
520 SIIC Environment Holdings Ltd97-76 Betsson AB3490.01
508 Sinarmas Land Ltd94-59 Bilia AB5970.02
76 Sing Holdings Ltd22-115 BillerudKorsnas AB1,3080.04
32 Sing Investments & Finance Ltd34-14 Bjorn Borg AB31-
891 Singapore Press Holdings Ltd1,4350.0553 Bonava AB5320.02
176 Stamford Land Corp Ltd64-27 Bufab AB3540.01
122 Sunningdale Tech Ltd114-14 Bulten AB95-
137 Swiber Holdings Ltd2-48 Bure Equity AB8820.03
337 Tuan Sing Holdings Ltd82-48 Byggmax Group AB127-
267 United Engineers Ltd5260.027 Cavotec SA13-
85 United Industrial Corp Ltd1810.019 Clas Ohlson AB92-
133 UOB‐Kay Hian Holdings Ltd121-141 Cloetta AB4500.02
254 UOL Group Ltd1,4410.0516 Collector AB80-
9 Vibrant Group Ltd1-216 Dometic Group AB2,1610.07
271 Wing Tai Holdings Ltd3890.0115 Doro AB69-
1,411 Yangzijiang Shipbuilding Holdings Ltd1,0620.0335 Duni AB4520.02
293 Yongnam Holdings Ltd32-46 Dustin Group AB3660.01
11,7590.3715 Eastnine AB2050.01
スペイン 0.69%10 Elanders AB87-
18 Acciona SA1,9070.0619 Eltel AB39-
116 Acerinox SA1,2160.048 Enea AB1460.01
9 Adveo Group International SA1-2 Fagerhult AB11-
64 Applus Services SA7730.03145 Getinge AB2,5170.08
42 Atresmedia Corp de Medios de Comunicacion SA1820.0118 GHP Specialty Care AB33-
6 Azkoyen SA46-65 Granges AB6530.02
3,535 Banco de Sabadell SA3,9150.1247 Gunnebo AB119-
445 Bankia SA8600.0326 Haldex AB128-
372 Bankinter SA2,5960.0814 Hexpol AB127-
9 Construcciones y Auxiliar de Ferrocarriles SA3750.0155 Hoist Finance AB2580.01
55 Ebro Foods SA1,2140.0480 Holmen AB2,3790.08
80 eDreams ODIGEO SA3600.0117 Humana AB105-
11 Elecnor SA133-44 International Petroleum Corp1930.01
97 Ence Energia y Celulosa SA3710.0157 Intrum AB1,4410.05
80 Ercros SA2140.0153 Inwido AB3690.01
59 Euskaltel SA6000.0246 JM AB1,2680.04
26 Grupo Catalana Occidente SA9240.037 KNOW IT AB1320.01
6 Iberpapel Gestion SA1620.0162 Lindab International AB7390.02
1,680 Liberbank SA5650.0214 Loomis AB5900.02
386 Mapfre SA1,0870.0333 Mekonomen AB3070.01
74 Melia Hotels International SA6160.0230 Modern Times Group MTG AB3100.01
5 Miquel y Costas & Miquel SA98-18 Momentum Group AB2140.01
88 Obrascon Huarte Lain SA99-1 Nederman Holding AB13-
74 Quabit Inmobiliaria SA75-52 New Wave Group AB3350.01
327 Sacyr SA8880.0393 Nobia AB6320.02
122 Siemens Gamesa Renewable Energy SA1,9430.0611 Nordic Waterproofing Holding AS110-
85 Tubacex SA2670.01197 Opus Group AB123-
395 Unicaja Banco SA3980.0159 Pandox AB1,2790.04
39 Vocento SA53-121 Peab AB1,0330.03
21,9380.6985 Pricer AB1440.01
スウェーデン 1.09%177 Ratos AB6220.02
52 AcadeMedia AB2740.019 Recipharm AB1340.01
25 Adapteo Oyj2960.0170 Resurs Holding AB4050.01
3 AddNode Group AB44-102 Rottneros AB117-
58 AF POYRY AB1,2470.04148 SAS AB3090.01
29 Alimak Group AB3960.0139 Scandi Standard AB2950.01
4 Arise AB13-52 Scandic Hotels Group AB4760.02
132 Arjo AB5870.0212 Semcon AB82-
74 Attendo AB3700.01157 SSAB AB, Class A4900.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
スウェーデン 1.09% (続き)スイス 1.96%(続き)
429 SSAB AB, Class B1,2070.041 Schweiter Technologies AG8120.03
2 Systemair AB33-2 St Galler Kantonalbank AG7630.02
161 Trelleborg AB2,6520.0814 Sulzer AG1,5010.05
3 VBG Group AB54-21 Sunrise Communications Group AG1,6530.05
34,4071.0956 Swiss Prime Site AG5,9210.19
スイス 1.96%8 Swissquote Group Holding SA3610.01
83 Adecco Group AG5,1200.162 Tamedia AG1770.01
12 Allreal Holding AG2,2850.071 Thurgauer Kantonalbank84-
4 ALSO Holding AG5670.021 Tornos Holding AG9-
52 ams AG2,5090.085 u‐blox Holding AG4840.02
45 Arbonia AG5620.0214 Valiant Holding AG1,3280.04
622 Aryzta AG6560.023 Valora Holding AG7070.02
2 Autoneum Holding AG2510.011 Vaudoise Assurances Holding SA4940.02
32 Baloise Holding AG5,6180.18- Vetropack Holding AG4490.01
1 Banque Cantonale de Geneve2440.0123 Vontobel Holding AG1,4670.05
2 Banque Cantonale Vaudoise1,2140.043 VP Bank AG4710.02
2 Bell Food Group AG4560.021 Walliser Kantonalbank101-
6 Bellevue Group AG1530.0110 Zehnder Group AG4550.01
3 Berner Kantonalbank AG6100.02- Zug Estates Holding AG3020.01
5 Bobst Group SA2730.01- Zuger Kantonalbank AG2440.01
1 Bucher Industries AG4140.0162,0641.96
4 Calida Holding AG127-英国 5.62%
- Carlo Gavazzi Holding AG83-8 4D Pharma PLC10-
- Cham Group AG21-168 Aggreko PLC1,8060.06
1 Cicor Technologies Ltd82-155 Alliance Pharma PLC157-
1 Cie Financiere Tradition SA1500.0139 Allied Minds PLC25-
3 Coltene Holding AG2270.01175 Amerisur Resources PLC42-
1 Conzzeta AG8610.03122 Anglo Pacific Group PLC2810.01
13 DKSH Holding AG6940.0211 Anglo‐Eastern Plantations PLC76-
- Dottikon Es Holding AG26-108 Arrow Global Group PLC2920.01
22 Dufry AG2,1850.0761 Ascential PLC2570.01
84 EFG International AG5050.02361 Babcock International Group PLC2,7540.09
1 Emmi AG1,0070.03436 Balfour Beatty PLC1,2420.04
3 Energiedienst Holding AG93-31 Bank of Georgia Group PLC5990.02
179 Evolva Holding SA31-553 Barratt Developments PLC4,7650.15
2 Feintool International Holding AG90-20 Begbies Traynor Group PLC22-
13 Flughafen Zurich AG2,2980.0793 Bellway PLC4,0170.13
138 GAM Holding AG3770.0178 Berkeley Group Holdings PLC4,5990.15
24 Helvetia Holding AG3,3020.1055 Biffa PLC1800.01
1 HOCHDORF Holding AG51-59 Bloomsbury Publishing PLC2040.01
8 Huber & Suhner AG5570.02120 Bodycote PLC1,3530.04
13 Implenia AG4940.02106 Bovis Homes Group PLC1,6760.05
1 Investis Holding SA78-43 BowLeven PLC4-
69 Julius Baer Group Ltd3,2630.1014 Braemar Shipping Services PLC33-
3 Jungfraubahn Holding AG3960.01589 Cairn Energy PLC1,3730.04
20 Kudelski SA127-36 CareTech Holdings PLC1760.01
3 Lastminute.com NV133-31 Carr's Group PLC60-
8 Liechtensteinische Landesbank AG4900.026 Castings PLC28-
2 Luzerner Kantonalbank AG7720.02965 Centamin PLC1,3860.04
2 Meier Tobler Group AG31-17 Centaur Media PLC7-
- Metall Zug AG2360.0126 Central Asia Metals PLC71-
96 Meyer Burger Technology AG41-2,347 Centrica PLC2,4350.08
3 Mikron Holding AG17-4 Charles Taylor PLC19-
7 Mobimo Holding AG1,9040.06231 Chemring Group PLC6010.02
138 OC Oerlikon Corp AG1,5400.0569 Chesnara PLC2590.01
9 Orascom Development Holding AG136-693 Cineworld Group PLC1,8610.06
- Orell Fuessli Holding AG27-130 Circassia Pharmaceuticals PLC36-
1 Orior AG131-23 Clarkson PLC7880.02
- Phoenix Mecano AG1750.01114 Close Brothers Group PLC2,1920.07
1 Plazza AG1760.0184 CMC Markets PLC1590.01
2 Rieter Holding AG3400.0121 Computacenter PLC4190.01
345 Schmolz & Bickenbach AG75-33 Consort Medical PLC4410.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
英国 5.62% (続き)英国 5.62% (続き)
827 ConvaTec Group PLC2,0470.06135 John Laing Group PLC6660.02
140 Costain Group PLC3510.01411 John Wood Group PLC1,8680.06
227 Countryside Properties PLC1,1590.04738 Just Group PLC6330.02
184 Countrywide PLC13-33 Kazakhmys PLC2110.01
198 Crest Nicholson Holdings PLC9870.0367 Keller Group PLC5460.02
74 Daily Mail & General Trust PLC7880.02118 Kier Group PLC135-
10 Dart Group PLC1910.011,547 Kingfisher PLC4,1940.13
648 Debenhams PLC--371 Lamprell PLC1800.01
128 Devro PLC2730.011 Lancashire Holdings Ltd6-
157 DFS Furniture PLC4790.02213 Lookers PLC148-
3 Dialight PLC9-306 Low & Bonar PLC53-
818 Direct Line Insurance Group PLC3,2270.1050 LSL Property Services PLC157-
45 DiscoverIE Group PLC3220.011,011 Man Group PLC1,9820.06
676 Dixons Carphone PLC1,0780.031,276 Marks & Spencer Group PLC3,2050.10
283 Drax Group PLC1,0220.03499 Marston's PLC8250.03
697 DS Smith PLC3,4360.111 McBride PLC1-
96 easyJet PLC1,6530.05301 McCarthy & Stone PLC5470.02
22 Eland Oil & Gas PLC47-32 McColl's Retail Group PLC17-
429 Elementis PLC9400.0384 Mears Group PLC2680.01
1,244 EnQuest PLC2950.01242 Mediclinic International PLC1,2080.04
373 Enterprise Inns PLC1,3570.04480 Meggitt PLC3,9860.13
234 Equiniti Group PLC5890.02164 Micro Focus International PLC2,4080.08
242 Ferrexpo PLC4490.01166 Mitchells & Butlers PLC9600.03
209 Filtrona PLC1,1380.0423 MJ Gleeson PLC2350.01
974 Firstgroup PLC1,5170.0530 Morgan Sindall Group PLC5640.02
195 Foxtons Group PLC1780.01129 N Brown Group PLC2130.01
16 Fuller Smith & Turner PLC2040.0124 Naked Wines PLC69-
123 Galliford Try PLC1,1660.04282 National Express Group PLC1,6920.05
45 Gamesys Group PLC4140.01164 NCC Group PLC4390.01
96 Gem Diamonds Ltd66-15 Norcros PLC47-
69 Genel Energy PLC1690.01126 Northgate PLC5130.02
27 Georgia Capital PLC3240.0139 Numis Corp PLC123-
164 Grafton Group PLC1,7780.06160 OneSavings Bank PLC8000.03
381 Grainger PLC1,3960.04250 Paragon Group of Cos PLC1,6040.05
167 Gulf Keystone Petroleum Ltd4400.0122 Parkmead Group PLC14-
87 Gulf Marine Services PLC9-261 Pearson PLC2,1880.07
372 GVC Holdings PLC4,0910.13840 Pendragon PLC120-
76 Gym Group PLC2660.01587 Petra Diamonds Ltd68-
12 H&T Group PLC51-76 Petrofac Ltd3770.01
223 Halfords Group PLC4640.012,010 Petropavlovsk PLC2780.01
8 Hastings Group Holdings PLC18-365 Pets at Home Group PLC1,1850.04
62 Headlam Group PLC3640.01191 Pharos Energy PLC129-
85 Helical PLC4640.01455 Phoenix Group Holdings PLC4,3820.14
47 Henry Boot PLC1670.0137 Photo‐Me International PLC42-
211 Highland Gold Mining Ltd4980.02218 Playtech PLC1,0810.03
53 Hiscox Ltd9270.03134 Polypipe Group PLC8500.03
208 Hochschild Mining PLC4380.013 PPHE Hotel Group Ltd78-
10 Horizon Discovery Group PLC21-719 Premier Foods PLC3720.01
24 Hostelworld Group PLC41-710 Premier Oil PLC7980.03
108 Hunting PLC5470.02113 Provident Financial PLC6260.02
232 Huntsworth PLC2640.01207 PZ Cussons PLC5450.02
293 Ibstock PLC9980.03310 QinetiQ Group PLC1,3410.04
275 Inchcape PLC2,3170.07184 Quilter PLC3490.01
420 Indivior PLC2200.01138 Rank Group PLC4380.01
13 Inmarsat PLC92-1 REA Holdings PLC2-
155 Intermediate Capital Group PLC3,0660.1018 Redde PLC26-
61 International Ferro Metals Ltd--185 Redrow PLC1,5830.05
192 International Personal Finance PLC3470.01352 Restaurant Group PLC6750.02
486 Investec PLC2,7560.099 Ricardo PLC82-
222 IP Group PLC1730.0143 Rockhopper Exploration PLC8-
9 IQE PLC6-591 Royal Mail PLC1,5900.05
1,293 J Sainsbury PLC3,5810.11188 RPS Group PLC4030.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
英国 5.62% (続き)米国 61.94% (続き)
1 S&U PLC19-75 Acadia Healthcare Co Inc2,4120.08
745 Saga PLC4940.0260 ACCO Brands Corp5450.02
98 San Leon Energy PLC34-113 Achillion Pharmaceuticals Inc7030.02
101 Savannah Petroleum PLC30-12 ACI Worldwide Inc4590.01
14 Savills PLC1810.014 Acme United Corp79-
11 Scapa Group PLC34-6 ACNB Corp2060.01
4 ScS Group PLC12-41 Acorda Therapeutics Inc66-
58 SDL PLC4460.0145 Actuant Corp1,1110.04
329 Senior PLC7700.0228 Acuity Brands Inc3,6860.12
195 Severfield PLC1870.0158 Acushnet Holdings Corp1,7310.05
466 Shanks Group PLC1770.013 Adams Resources & Energy Inc82-
514 SIG PLC8300.0377 Adient PLC1,6930.05
507 Signature Aviation PLC2,1130.07187 ADT Inc1,7250.05
14 Smart Metering Systems PLC101-40 Adtalem Global Education Inc1,3620.04
79 Sound Energy PLC4-42 ADTRAN Inc3890.01
53 Spectris PLC1,9110.0666 Advanced Disposal Services Inc2,1890.07
391 Speedy Hire PLC3120.0118 Advanced Energy Industries Inc1,1740.04
310 Spire Healthcare Group PLC4950.0223 AdvanSix Inc4590.01
304 Spirent Communications PLC8290.037 Adverum Biotechnologies Inc80-
40 Sportech PLC17-128 AECOM5,5370.18
149 Sports Direct International PLC6510.0218 Aegion Corp3930.01
170 St Modwen Properties PLC1,0010.0314 AeroVironment Inc8390.03
77 Stobart Group Ltd113-32 Affiliated Managers Group Inc2,6970.09
140 Stock Spirits Group PLC3480.0162 AGCO Corp4,8290.15
42 SuperGroup PLC2750.0112 AgroFresh Solutions Inc28-
304 Tate & Lyle PLC2,8740.0914 AH Belo Corp42-
1,264 Taylor Wimpey PLC2,8480.0990 Air Lease Corp4,2010.13
14 TClarke PLC22-1 Air T Inc22-
30 Ted Baker PLC155-42 Air Transport Services Group Inc1,0230.03
213 Travis Perkins PLC4,2450.1364 Aircastle Ltd2,0570.07
64 Trifast PLC144-9 Akebia Therapeutics Inc54-
271 Trinity Mirror PLC3370.0121 Akorn Inc78-
115 TT Electronics PLC3490.019 Alamo Group Inc1,0300.03
88 TUI AG1,2060.0489 Alaska Air Group Inc6,1490.19
384 Tullett Prebon PLC1,9180.0632 Alaska Communications Systems Group Inc58-
1,054 Tullow Oil PLC1,7840.0649 Albemarle Corp3,2000.10
23 Tyman PLC76-141 Alcoa Corp2,8730.09
180 U & I Group PLC3550.017 Alico Inc2370.01
76 UDG Healthcare PLC8110.0311 Alithya Group Inc25-
56 Ultra Electronics Holdings PLC1,5200.054 ALJ Regional Holdings Inc5-
47 Urban & Civic PLC2050.018 Alleghany Corp5,9990.19
530 Vectura Group PLC5700.0294 Allegheny Technologies Inc2,1580.07
249 Vertu Motors PLC128-16 Allegiance Bancshares Inc5740.02
176 Vesuvius PLC1,0320.036 Allegiant Travel Co9920.03
764 Virgin Money UK PLC1,7630.064 Alliance Data Systems Corp4170.01
70 Volution Group PLC1860.01141 Allscripts Healthcare Solutions Inc1,5240.05
2 Vp PLC25-319 Ally Financial Inc10,1680.32
62 Weir Group PLC1,1230.0412 Alpha & Omega Semiconductor Ltd138-
1,769 Wm Morrison Supermarkets PLC4,5350.1411 Alpha Pro Tech Ltd35-
40 Xaar PLC33-29 AMAG Pharmaceuticals Inc3140.01
- Young & Co's Brewery PLC10-6 A‐Mark Precious Metals Inc61-
178,1645.6223 Ambac Financial Group Inc4750.02
米国 61.94%36 AMC Entertainment Holdings Inc2950.01
26 1‐800‐Flowers.com Inc3520.01- AMCON Distributing Co27-
6 1st Constitution Bancorp120-121 Amcor PLC1,2370.04
21 1st Source Corp1,0550.0314 Amerco5,0990.16
19 AAR Corp8640.0321 Ameresco Inc3440.01
48 Aaron's Inc2,8250.0988 American Axle & Manufacturing Holdings Inc8650.03
54 Abercrombie & Fitch Co8660.03125 American Eagle Outfitters Inc1,8640.06
61 ABM Industries Inc2,3230.0750 American Equity Investment Life Holding Co1,4760.05
5 Abraxas Petroleum Corp1-60 American Financial Group Inc6,5570.21
56 Acacia Research Corp1680.018 American National Bankshares Inc3120.01


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
19 American National Insurance Co2,1850.0723 Atlantic Capital Bancshares Inc4370.01
39 American Outdoor Brands Corp3380.0167 Atlantic Union Bankshares Corp2,5150.08
18 American Public Education Inc4360.0119 Atlas Air Worldwide Holdings Inc5030.02
3 American River Bankshares41-12 ATN International Inc6910.02
16 American Software Inc2540.01- Auburn National Bancorporation Inc17-
6 American Superconductor Corp51-58 Autoliv Inc4,7430.15
20 American Vanguard Corp3160.0173 AutoNation Inc3,7360.12
13 American Woodmark Corp1,3600.048 AutoWeb Inc20-
62 Ameris Bancorp2,6980.0941 Avanos Medical Inc1,4150.04
7 Ames National Corp2000.0173 Avaya Holdings Corp9370.03
210 Amkor Technology Inc2,5400.085 Aviat Networks Inc63-
10 Ampco‐Pittsburgh Corp35-90 Avnet Inc3,6640.12
15 Amplify Energy Corp85-127 AVX Corp2,5940.08
12 Amtech Systems Inc69-10 Aware Inc34-
27 Andersons Inc6190.02268 AXA Equitable Holdings Inc6,6420.21
29 AngioDynamics Inc4530.0127 Axcelis Technologies Inc5770.02
11 Anika Therapeutics Inc6300.0268 Axis Capital Holdings Ltd4,0200.13
29 Anixter International Inc2,5070.0847 Axos Financial Inc1,3970.04
246 Antero Resources Corp4890.0258 AXT Inc1830.01
240 Apache Corp5,3570.1720 AZZ Inc7560.02
57 Apergy Corp1,4560.0530 B&G Foods Inc4960.02
24 Apogee Enterprises Inc9290.0314 Ballantyne Strong Inc39-
18 Applied Genetic Technologies Corp48-47 Banc of California Inc7160.02
29 Applied Industrial Technologies Inc1,8280.0625 BancFirst Corp1,4860.05
24 AquaVenture Holdings Ltd5290.0253 Bancorp Inc5880.02
179 Aramark7,7990.253 Bancorp of New Jersey Inc49-
6 Aravive Inc58-83 BancorpSouth Bank2,5860.08
53 ARC Document Solutions Inc60-14 Bank of Commerce Holdings1640.01
12 ArcBest Corp3570.0126 Bank of Hawaii Corp2,3690.08
262 Arch Capital Group Ltd11,0110.3510 Bank of Marin Bancorp4520.01
15 Arch Coal Inc1,0980.0340 Bank of NT Butterfield & Son Ltd1,3880.04
111 Archrock Inc9320.034 Bank of Princeton101-
381 Arconic Inc11,7920.37104 Bank OZK3,0740.10
37 Arcosa Inc1,4640.0514 BankFinancial Corp1880.01
19 Ardelyx Inc138-80 BankUnited Inc2,7950.09
27 Ardmore Shipping Corp2130.014 Bankwell Financial Group Inc126-
27 Arena Pharmaceuticals Inc1,2750.0433 Banner Corp1,7900.06
13 Argan Inc4660.0210 Bar Harbor Bankshares2480.01
30 Argo Group International Holdings Ltd2,0030.0664 Barnes & Noble Education Inc3200.01
1 Ark Restaurants Corp25-37 Barnes Group Inc2,1730.07
82 Arlo Technologies Inc2850.012 Bassett Furniture Industries Inc32-
18 Armstrong Flooring Inc73-4 Baycom Corp86-
23 Arotech Corp70-33 BBX Capital Corp1530.01
70 Arrow Electronics Inc5,5650.1813 BCB Bancorp Inc1700.01
12 Arrow Financial Corp4130.0165 Beacon Roofing Supply Inc1,9310.06
15 Asbury Automotive Group Inc1,6780.056 Beasley Broadcast Group Inc16-
131 Ascena Retail Group Inc59-31 Beazer Homes USA Inc4720.02
36 ASGN Inc2,3870.0885 Bed Bath & Beyond Inc1,2360.04
51 Ashland Global Holdings Inc3,6710.125 Bel Fuse Inc83-
15 Aspen Aerogels Inc99-36 Belden Inc1,9080.06
54 Assertio Therapeutics Inc41-16 Benchmark Electronics Inc5630.02
134 Associated Banc‐Corp2,8790.0942 Berkshire Hills Bancorp Inc1,3260.04
3 Associated Capital Group Inc119-48 Berry Petroleum Corp3850.01
50 Assurant Inc6,6940.2112 Big 5 Sporting Goods Corp33-
85 Assured Guaranty Ltd4,2400.1330 Big Lots Inc6340.02
1 Asta Funding Inc13-- Biglari Holdings Inc, Class A87-
19 Astec Industries Inc7070.022 Biglari Holdings Inc, Class B1710.01
18 Astronics Corp, Class A5250.026 BJ's Restaurants Inc2470.01
2 Astronics Corp, Class B67-2 BK Technologies Inc7-
6 AstroNova Inc88-27 Blucora Inc6330.02
46 At Home Group Inc3920.017 Blue Capital Reinsurance Holdings Ltd51-
132 Athene Holding Ltd5,9600.1959 BMC Stock Holdings Inc1,7590.06


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
32 Boise Cascade Co1,2280.044 CCUR Holdings Inc15-
54 BOK Financial Corp4,5410.1435 CECO Environmental Corp2760.01
23 Bonanza Creek Energy Inc3940.0119 Celadon Group Inc11-
21 Boot Barn Holdings Inc8430.035 Celldex Therapeutics Inc13-
156 BorgWarner Inc6,5550.21196 Centennial Resource Development Inc6060.02
77 Boston Private Financial Holdings Inc8990.03106 CenterState Bank Corp2,7020.09
35 Brady Corp1,9990.0634 Central Garden & Pet Co, Class A8400.03
15 Bridge Bancorp Inc5010.0210 Central Garden & Pet Co, Class B2560.01
2 Bridgewater Bancshares Inc28-17 Central Pacific Financial Corp4960.02
44 Briggs & Stratton Corp2350.0110 Central Valley Community Bancorp2140.01
95 Brighthouse Financial Inc3,8970.12103 Century Aluminum Co7250.02
29 BrightView Holdings Inc4670.023 Century Bancorp Inc2770.01
8 Broadwind Energy Inc11-16 Century Casinos Inc132-
112 Brookdale Senior Living Inc8030.0324 Century Communities Inc6850.02
75 Brookline Bancorp Inc1,2070.04617 CenturyLink Inc8,9360.28
51 Brooks Automation Inc2,2960.0724 Cerence Inc3710.01
55 Brunswick Corp3,2560.1023 Chart Industries Inc1,2630.04
19 Bryn Mawr Bank Corp7420.0221 Chefs' Warehouse Inc7520.02
9 BSQUARE Corp11-3 Chemung Financial Corp1570.01
9 Buckle Inc2390.01101 Chico's FAS Inc4810.02
10 Build‐A‐Bear Workshop Inc29-50 Chimerix Inc110-
72 Builders FirstSource Inc1,8190.0614 Chuy's Holdings Inc3890.01
115 Bunge Ltd6,1520.19106 Ciena Corp4,0190.13
15 Byline Bancorp Inc2840.0169 Cimarex Energy Co3,1640.10
3 C&F Financial Corp1490.014 Cincinnati Financial Corp4480.01
42 Cabot Corp1,9760.0684 Cinemark Holdings Inc2,8330.09
21 Cabot Microelectronics Corp2,7720.0917 CIRCOR International Inc7660.02
18 CACI International Inc4,2770.1446 Cirrus Logic Inc3,2900.10
107 Cadence BanCorp1,7610.0686 CIT Group Inc3,9290.12
489 Caesars Entertainment Corp6,3810.2010 Citi Trends Inc2000.01
12 CAI International Inc2910.019 Citizens & Northern Corp2260.01
23 CalAmp Corp2390.015 Citizens Community Bancorp Inc56-
24 Caleres Inc5360.0213 City Holding Co1,0170.03
75 Callaway Golf Co1,5490.05115 Civeo Corp104-
183 Callon Petroleum Co6690.0212 Civista Bancshares Inc2700.01
33 Cal‐Maine Foods Inc1,4420.0526 Clarus Corp3210.01
24 Cambrex Corp1,4420.05177 Clean Energy Fuels Corp3460.01
1 Cambridge Bancorp92-39 Clean Harbors Inc3,2580.10
12 Camden National Corp5250.027 Clearfield Inc93-
62 Cannae Holdings Inc2,3150.078 ClearOne Inc14-
15 Capital City Bank Group Inc4210.0110 Clearwater Paper Corp2130.01
130 Capitol Federal Financial Inc1,8460.0631 CNA Financial Corp1,3790.04
97 Capri Holdings Ltd3,6150.1112 CNB Financial Corp3870.01
11 Capstar Financial Holdings Inc1830.0159 CNO Financial Group Inc1,0740.03
66 Cardinal Health Inc3,6520.12180 CNX Resources Corp1,2450.04
53 Career Education Corp8860.032 Cocrystal Pharma Inc1-
42 Carlisle Cos Inc6,5620.216 Codorus Valley Bancorp Inc139-
57 CarMax Inc5,5240.17145 Coeur Mining Inc9530.03
21 Carolina Financial Corp8690.0316 Coherent Inc2,4600.08
30 Carpenter Technology Corp1,5680.0593 Colfax Corp3,1290.10
14 Carriage Services Inc3460.015 Colony Bankcorp Inc85-
17 Carrizo Oil & Gas Inc108-65 Columbia Banking System Inc2,5410.08
33 Carrols Restaurant Group Inc2630.0135 Columbia Financial Inc5830.02
56 Cars.com Inc7500.0218 Columbus McKinnon Corp7190.02
8 Cass Information Systems Inc4620.0197 Comerica Inc6,8120.22
11 Catalyst Biosciences Inc58-5 Comfort Systems USA Inc2610.01
65 Cathay General Bancorp2,3990.0877 Commerce Bancshares Inc5,1400.16
21 Cato Corp3980.0158 Commercial Metals Co1,2440.04
7 Cavco Industries Inc1,4000.04- Commercial National Financial Corp6-
31 CBIZ Inc8420.0322 Commercial Vehicle Group Inc1590.01
115 CBS Corp, Class B4,6280.15122 CommScope Holding Co Inc1,6660.05
14 CBTX Inc4070.019 Communications Systems Inc67-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
37 Community Bank System Inc2,4790.0820 Dawson Geophysical Co45-
21 Community Bankers Trust Corp1800.0157 Dean Foods Co6-
4 Community Financial Corp1550.0131 Del Taco Restaurants Inc2290.01
17 Community Trust Bancorp Inc7440.0258 Delek US Holdings Inc1,9890.06
6 Computer Programs & Systems Inc148-2 Delta Apparel Inc61-
14 Computer Task Group Inc85-34 Deluxe Corp1,7520.06
5 comScore Inc21-313 Denbury Resources Inc3080.01
9 Comtech Telecommunications Corp3370.0156 Designer Brands Inc9320.03
5 Concert Pharmaceuticals Inc40-33 Destination XL Group Inc41-
49 Concho Resources Inc3,5200.11281 Devon Energy Corp6,1520.19
164 Conduent Inc1,1140.0443 DHI Group Inc147-
21 CONMED Corp2,3290.07115 DHT Holdings Inc8440.03
33 ConnectOne Bancorp Inc8380.032 Diamond Hill Investment Group Inc3270.01
23 Conn's Inc5090.0282 Diamond Offshore Drilling Inc4610.01
12 CONSOL Energy Inc1550.0154 Diamondback Energy Inc4,1530.13
62 Consolidated Communications Holdings Inc2230.0156 Dick's Sporting Goods Inc2,5690.08
5 Consolidated‐Tomoka Land Co2970.0116 Digi International Inc2890.01
10 Construction Partners Inc1950.011 Digirad Corp2-
20 Consumer Portfolio Services Inc68-17 Dillard's Inc1,2310.04
13 Container Store Group Inc54-29 Dime Community Bancshares Inc5910.02
19 Contango Oil & Gas Co62-39 Diodes Inc1,7910.06
28 Continental Building Products Inc1,0160.0353 Diplomat Pharmacy Inc2750.01
47 Continental Resources Inc1,4500.059 DISH Network Corp3240.01
40 Cooper Tire & Rubber Co1,1650.041 Dixie Group Inc2-
13 Cooper‐Standard Holdings Inc3710.015 DLH Holdings Corp24-
22 Copa Holdings SA2,2970.074 DNB Financial Corp1710.01
3 Core Molding Technologies Inc10-46 Dolby Laboratories Inc3,1640.10
36 CoreLogic Inc1,4760.0547 Domtar Corp1,7710.06
36 Core‐Mark Holding Co Inc9730.0322 Donegal Group Inc3150.01
97 Costamare Inc7950.0326 Donnelley Financial Solutions Inc2640.01
451 Coty Inc5,2060.1646 Dorian LPG Ltd6630.02
5 County Bancorp Inc118-4 Dorman Products Inc3190.01
10 Covenant Transportation Group Inc136-14 Douglas Dynamics Inc7500.02
22 Covetrus Inc3200.0131 Dril‐Quip Inc1,3110.04
23 Cowen Inc3480.016 Ducommun Inc3090.01
12 CPI Aerostructures Inc82-96 DXC Technology Co3,5930.11
5 CRA International Inc2540.0114 DXP Enterprises Inc5280.02
15 Craft Brew Alliance Inc2550.0123 Dycom Industries Inc1,1810.04
25 Crane Co2,0590.0786 E*TRADE Financial Corp3,8020.12
71 Cree Inc3,1590.1027 Eagle Bancorp Inc1,1890.04
5 Crimson Wine Group Ltd36-2 Eagle Bancorp Montana Inc32-
33 Cross Country Healthcare Inc4040.0151 Eagle Bulk Shipping Inc2420.01
5 Crown Crafts Inc35-18 Earthstone Energy Inc80-
12 CryoLife Inc3020.0195 East West Bancorp Inc4,3400.14
2 CSS Industries Inc10-5 Eastern Co127-
12 CSW Industrials Inc8530.0399 Eastman Chemical Co7,7780.25
26 CTS Corp6990.025 Eastman Kodak Co14-
23 Cubic Corp1,3870.0419 Ebix Inc6770.02
45 Cullen/Frost Bankers Inc4,2000.1321 Echo Global Logistics Inc4210.01
11 Culp Inc1810.0140 EchoStar Corp1,6960.05
9 Cumberland Pharmaceuticals Inc43-47 Edgewell Personal Care Co1,4590.05
5 Cumulus Media Inc90-30 El Pollo Loco Holdings Inc4850.02
29 Curtiss‐Wright Corp4,0220.133 Elanco Animal Health Inc (non‐voting rights)--
29 Customers Bancorp Inc6730.0219 Eldorado Resorts Inc1,0290.03
97 CVB Financial Corp2,0740.073 Electromed Inc34-
7 CVR Energy Inc3130.01225 Element Solutions Inc2,6300.08
268 Cypress Semiconductor Corp6,2780.2013 Elevate Credit Inc53-
39 Daktronics Inc2410.011 elf Beauty Inc17-
121 Dana Inc2,0440.0641 EMCOR Group Inc3,6170.11
128 Darling Ingredients Inc3,0510.1026 EMCORE Corp83-
11 DASAN Zhone Solutions Inc91-28 Emerald Expositions Events Inc2770.01
119 DaVita Inc8,5080.2736 Emergent BioSolutions Inc1,9720.06


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
29 Employers Holdings Inc1,2500.046 First Bank65-
7 Enanta Pharmaceuticals Inc4710.0250 First Busey Corp1,3180.04
24 Encore Capital Group Inc8850.037 First Business Financial Services Inc1720.01
12 Encore Wire Corp7200.025 First Choice Bancorp104-
29 EnerSys2,0110.069 First Citizens BancShares Inc4,5320.14
357 EnLink Midstream LLC1,6940.0588 First Commonwealth Financial Corp1,2510.04
15 Ennis Inc3010.0114 First Community Bankshares Inc4340.01
30 Enova International Inc6890.026 First Community Corp127-
19 EnPro Industries Inc1,2750.0416 First Defiance Financial Corp4840.02
15 Enstar Group Ltd2,9750.0989 First Financial Bancorp2,1650.07
4 Entegra Financial Corp128-6 First Financial Corp2760.01
125 Entercom Communications Corp5930.028 First Financial Northwest Inc114-
7 Enterprise Bancorp Inc2240.0135 First Foundation Inc5740.02
24 Enterprise Financial Services Corp1,0820.031 First Guaranty Bancshares Inc13-
51 Entravision Communications Corp144-109 First Hawaiian Inc3,1110.10
38 Enzo Biochem Inc100-258 First Horizon National Corp4,1540.13
10 ePlus Inc8580.039 First Internet Bancorp1990.01
6 Epsilon Energy Ltd21-33 First Interstate BancSystem Inc1,3760.04
19 EQT Corp1630.0149 First Merchants Corp1,9830.06
119 Equitrans Midstream Corp1,1830.0412 First Mid Bancshares Inc4070.01
12 Equity Bancshares Inc3460.01100 First Midwest Bancorp Inc2,1620.07
12 Era Group Inc116-11 First Northwest Bancorp1870.01
14 Escalade Inc1560.0122 First of Long Island Corp5340.02
19 ESCO Technologies Inc1,7110.051 First Savings Financial Group Inc52-
1 Espey Manufacturing & Electronics Corp20-86 First Solar Inc4,7510.15
2 Esquire Financial Holdings Inc59-7 First United Corp1670.01
7 ESSA Bancorp Inc118-1 First US Bancshares Inc13-
70 Essent Group Ltd3,8280.122 First Western Financial Inc28-
19 Ethan Allen Interiors Inc3350.01- FirstCash Inc29-
4 Evans Bancorp Inc144-94 Fitbit Inc6510.02
66 Evolent Health Inc4780.0231 Five Prime Therapeutics Inc122-
11 Evolution Petroleum Corp59-51 Flagstar Bancorp Inc1,9060.06
33 EW Scripps Co4900.02344 Flex Ltd4,0790.13
24 ExlService Holdings Inc1,6920.057 Flexsteel Industries Inc123-
17 Expedia Group Inc1,7670.0636 Flotek Industries Inc63-
75 Express Inc2940.0114 Fluent Inc23-
106 Extended Stay America Inc1,5620.0597 Fluor Corp1,6990.05
26 Exterran Corp140-24 Flushing Financial Corp5040.02
106 Extraction Oil & Gas Inc1520.01262 FNB Corp3,2580.10
42 EZCORP Inc2170.016 FONAR Corp117-
29 Fabrinet1,7510.0686 Foot Locker Inc3,4450.11
13 Farmer Brothers Co1920.0127 Forestar Group Inc5600.02
3 Farmers & Merchants Bancorp Inc78-63 FormFactor Inc1,4480.05
18 Farmers National Banc Corp2770.01101 Fortune Brands Home & Security Inc6,4170.20
12 FARO Technologies Inc6070.0288 Forum Energy Technologies Inc115-
23 FB Financial Corp9020.0320 Forward Air Corp1,4350.05
7 FBL Financial Group Inc4010.0145 Fossil Group Inc3400.01
9 Federal Agricultural Mortgage Corp7310.022 Franklin Covey Co81-
46 Federal Signal Corp1,5060.0520 Franklin Electric Co Inc1,0930.03
11 FedNat Holding Co1700.0113 Franklin Financial Network Inc4290.01
34 Ferro Corp4970.021 Franklin Financial Services Corp48-
108 Ferroglobe PLC69-47 Franklin Resources Inc1,3030.04
29 Ferroglobe Representation & Warrants Insurance185 Frank's International NV9450.03
Trust--607 Freeport‐McMoRan Inc6,9100.22
43 Fiesta Restaurant Group Inc4300.019 FreightCar America Inc18-
14 Financial Institutions Inc4720.028 Frequency Electronics Inc81-
18 Finjan Holdings Inc37-26 Fresh Del Monte Produce Inc8480.03
89 First American Financial Corp5,6720.184 Friedman Industries Inc25-
177 First Bancorp (Puerto Rico)1,8570.0642 Frontier Communications Corp29-
27 First Bancorp (Southern Pines NC)1,0530.038 FRP Holdings Inc3970.01
7 First Bancorp Inc2090.013 FS Bancorp Inc2020.01
10 First Bancshares Inc3360.0128 FTI Consulting Inc3,0890.10


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
17 Full House Resorts Inc60-67 Hain Celestial Group Inc1,6540.05
99 Fulton Financial Corp1,7040.0527 Hallador Energy Co82-
42 FutureFuel Corp4660.0214 Hallmark Financial Services Inc2700.01
30 GAIN Capital Holdings Inc126-73 Hancock Whitney Corp2,9470.09
64 GameStop Corp4080.0129 Hanmi Financial Corp5750.02
100 Gannett Co Inc6380.0233 Hanover Insurance Group Inc4,4740.14
265 Gap Inc4,4080.1417 HarborOne Bancorp Inc1840.01
138 Gardner Denver Holdings Inc4,6620.15117 Harley‐Davidson Inc4,2560.13
62 GasLog Ltd5770.0268 Harmonic Inc5620.02
47 Gates Industrial Corp PLC5530.023 Harte‐Hanks Inc8-
20 GATX Corp1,6030.0526 Harvard Bioscience Inc75-
60 GCI Liberty Inc, Class A4,2920.1410 Haverty Furniture Cos Inc1960.01
25 GCP Applied Technologies Inc5700.0246 Hawaiian Holdings Inc1,3850.04
36 Genco Shipping & Trading Ltd3760.018 Hawkins Inc3390.01
12 Gencor Industries Inc145-5 Hawthorn Bancshares Inc115-
12 Genesco Inc4370.017 Haynes International Inc2750.01
48 Genesee & Wyoming Inc5,3200.1738 HB Fuller Co1,9200.06
18 Genie Energy Ltd145-6 HCI Group Inc2960.01
181 Gentex Corp5,1360.1625 HealthStream Inc7220.02
27 Gentherm Inc1,1170.0462 Heartland Express Inc1,3190.04
184 Genworth Financial Inc7300.0231 Heartland Financial USA Inc1,4630.05
13 Geospace Technologies Corp1860.01470 Hecla Mining Co1,1600.04
19 German American Bancorp Inc6380.0215 Heidrick & Struggles International Inc4550.01
24 Gibraltar Industries Inc1,2640.0419 Helen of Troy Ltd3,0510.10
37 G‐III Apparel Group Ltd1,0810.0323 Helios Technologies Inc1,0400.03
39 Glacier Bancorp Inc1,7220.05105 Helix Energy Solutions Group Inc8700.03
8 Global Indemnity Ltd2270.0189 Helmerich & Payne Inc3,5320.11
74 Globe Life Inc7,5800.2414 Hemisphere Media Group Inc1970.01
38 GMS Inc1,1810.045 Hennessy Advisors Inc59-
35 Gold Resource Corp1560.0121 Herc Holdings Inc9720.03
9 Golden Ocean Group Ltd53-34 Heritage Commerce Corp4300.01
25 Goldfield Corp66-28 Heritage Financial Corp7730.02
7 Goodrich Petroleum Corp65-23 Heritage Insurance Holdings Inc3150.01
191 Goodyear Tire & Rubber Co3,0540.1017 Heritage‐Crystal Clean Inc5220.02
20 Gorman‐Rupp Co7410.0243 Herman Miller Inc2,0560.07
17 GP Strategies Corp2140.01101 Hertz Global Holdings Inc1,5650.05
4 Graham Holdings Co2,2360.078 Hibbett Sports Inc2410.01
2 Grand Canyon Education Inc1540.01125 HighPoint Resources Corp1560.01
40 Granite Construction Inc1,0410.0336 Hill International Inc114-
215 Graphic Packaging Holding Co3,4970.1142 Hillenbrand Inc1,3390.04
81 Gray Television Inc1,6460.0559 Hilltop Holdings Inc1,4610.05
38 Great Lakes Dredge & Dock Corp4020.012 Hingham Institution for Savings3140.01
13 Great Southern Bancorp Inc7730.0264 HMS Holdings Corp1,9440.06
53 Great Western Bancorp Inc1,8160.0630 HNI Corp1,1900.04
38 Green Brick Partners Inc4320.01140 HollyFrontier Corp7,2210.23
8 Green Dot Corp1890.015 Home Bancorp Inc1990.01
34 Green Plains Inc5230.02138 Home BancShares Inc2,5960.08
27 Greenbrier Cos Inc7500.0217 HomeStreet Inc5430.02
1 Greene County Bancorp Inc40-11 HomeTrust Bancshares Inc2920.01
29 Greenlight Capital Re Ltd3000.0112 Hooker Furniture Corp2790.01
21 Greif Inc, Class A8850.03111 Hope Bancorp Inc1,6180.05
10 Greif Inc, Class B5380.0218 Horace Mann Educators Corp8000.03
3 Griffin Industrial Realty Inc122-36 Horizon Bancorp Inc6690.02
20 Griffon Corp4150.0195 Horizon Therapeutics PLC3,1100.10
11 Group 1 Automotive Inc1,0960.0314 Hornbeck Offshore Services Inc5-
3 Grubhub Inc148-94 Hostess Brands Inc1,2680.04
11 GSI Technology Inc79-105 Houghton Mifflin Harcourt Co6160.02
4 Guaranty Bancshares Inc138-18 Houston Wire & Cable Co73-
62 Guess? Inc1,2010.0412 Howard Bancorp Inc2000.01
23 Gulf Island Fabrication Inc128-35 Howard Hughes Corp3,9180.12
147 Gulfport Energy Corp3490.0125 Hub Group Inc1,2930.04
17 Habit Restaurants Inc1820.011 Hudson Global Inc10-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
20 Hudson Ltd2780.0140 Jazz Pharmaceuticals PLC6,0370.19
- Hudson Technologies Inc--160 JC Penney Co Inc1810.01
330 Huntington Bancshares Inc4,9150.16252 Jefferies Financial Group Inc5,2620.17
164 Huntsman Corp3,7020.1276 JELD‐WEN Holding Inc1,7380.06
5 Hurco Cos Inc1790.01248 JetBlue Airways Corp4,7780.15
19 Huron Consulting Group Inc1,2980.0467 JM Smucker Co7,0850.22
8 Huttig Building Products Inc14-6 John B Sanfilippo & Son Inc6280.02
19 Hyatt Hotels Corp1,5090.0536 John Wiley & Sons Inc1,7150.05
10 Hyster‐Yale Materials Handling Inc5680.027 Johnson Outdoors Inc4430.01
45 Iberiabank Corp3,2970.1036 Jones Lang LaSalle Inc6,0150.19
11 ICF International Inc9490.034 Jounce Therapeutics Inc22-
17 Ichor Holdings Ltd5220.027 Juniper Networks Inc1780.01
9 ICU Medical Inc1,7540.0623 K12 Inc4480.01
5 IEC Electronics Corp43-8 Kadant Inc8040.03
8 IES Holdings Inc1750.016 Kaiser Aluminum Corp6620.02
63 II‐VI Inc1,8320.0656 Kansas City Southern8,4910.27
48 IMAX Corp1,0240.0376 KB Home2,6140.08
20 Independence Contract Drilling Inc16-130 KBR Inc3,8840.12
13 Independence Holding Co5570.0285 Kearny Financial Corp1,2050.04
26 Independent Bank Corp (Massachusetts)2,1870.0718 Kelly Services Inc3900.01
21 Independent Bank Corp (Michigan)4630.0143 KEMET Corp1,1500.04
40 Independent Bank Group Inc2,2790.0746 Kemper Corp3,4060.11
158 Infinera Corp1,0080.0358 Kennametal Inc2,0200.06
25 Information Services Group Inc62-1 Kewaunee Scientific Corp22-
9 InfuSystem Holdings Inc79-6 Key Tronic Corp31-
6 Ingles Markets Inc2610.0117 Kimball Electronics Inc3040.01
48 Ingredion Inc4,0080.1327 Kimball International Inc5780.02
48 InnerWorkings Inc2250.018 Kingstone Cos Inc58-
12 Innodata Inc14-49 Kirby Corp4,1300.13
15 Innophos Holdings Inc4920.029 Kirkland's Inc14-
19 Innospec Inc1,8280.06142 Knight‐Swift Transportation Holdings Inc5,2490.17
3 Innovative Solutions & Support Inc13-37 Knoll Inc1,0240.03
16 Insight Enterprises Inc1,0710.0372 Knowles Corp1,5770.05
18 Insteel Industries Inc4280.01121 Kohl's Corp5,6860.18
25 Integer Holdings Corp1,9020.0643 Korn Ferry1,6940.05
28 Integra LifeSciences Holdings Corp1,6780.05299 Kosmos Energy Ltd1,7850.06
25 InterDigital Inc1,4480.0527 Kraton Corp6150.02
33 Interface Inc5590.0246 Kronos Worldwide Inc6320.02
61 International Bancshares Corp2,6000.0837 Kulicke & Soffa Industries Inc9220.03
153 International Game Technology PLC2,2670.0714 KVH Industries Inc1570.01
24 International Seaways Inc6390.0248 Lakeland Bancorp Inc7970.03
8 inTEST Corp49-20 Lakeland Financial Corp9360.03
21 Intevac Inc125-8 Lakeland Industries Inc78-
18 INTL. FCStone Inc7110.0218 Landec Corp2010.01
105 Intrepid Potash Inc2390.012 Landmark Bancorp Inc47-
6 IntriCon Corp109-13 Lands' End Inc1540.01
33 Invacare Corp2890.0110 Lantronix Inc34-
363 Invesco Ltd6,3780.20167 Laredo Petroleum Inc3610.01
8 Investar Holding Corp2070.015 Lattice Semiconductor Corp98-
235 Investors Bancorp Inc2,8330.0971 Laureate Education Inc1,2350.04
1 Investors Title Co2330.017 Lawson Products Inc3550.01
35 IPG Photonics Corp4,9370.1636 La‐Z‐Boy Inc1,1450.04
93 Iridium Communications Inc2,1680.0710 LB Foster Co1920.01
63 ITT Inc4,4140.1417 LCI Industries1,7820.06
13 J Alexander's Holdings Inc138-12 LCNB Corp2190.01
17 J. Jill Inc29-45 Lear Corp5,4130.17
111 Jabil Inc4,3250.1470 Legg Mason Inc2,7420.09
114 Jacobs Engineering Group Inc10,4660.3374 LendingClub Corp1,0250.03
91 Jagged Peak Energy Inc6070.023 Level One Bancorp Inc62-
3 JAKKS Pacific Inc3-17 LGI Homes Inc1,2500.04
24 James River Group Holdings Ltd9390.0324 LHC Group Inc3,1940.10
160 Janus Henderson Group PLC4,0750.1313 Libbey Inc23-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
41 Liberty Latin America Ltd, Class A7250.0223 Matrix Service Co4880.02
104 Liberty Latin America Ltd, Class C1,8570.0632 Matson Inc1,2040.04
84 Liberty Media Corp‐Liberty SiriusXM, Class A4,0870.1330 Matthews International Corp1,1470.04
125 Liberty Media Corp‐Liberty SiriusXM, Class C6,0760.1920 Maxar Technologies Inc (Canada listing)2180.01
3 Liberty Oilfield Services Inc23-11 Maxar Technologies Inc (US listing)116-
66 Liberty TripAdvisor Holdings Inc4570.0155 MBIA Inc5090.02
17 Lifetime Brands Inc109-18 McGrath RentCorp1,3430.04
14 Ligand Pharmaceuticals Inc1,5820.0534 MDC Holdings Inc1,3430.04
7 Limbach Holdings Inc20-145 MDU Resources Group Inc4,2100.13
3 Lincoln Educational Services Corp5-6 Medcath Corp--
142 Lincoln National Corp8,3840.2666 Media General Inc CVR6-
64 Lions Gate Entertainment Corp, Class A5950.0272 MEDNAX Inc1,8850.06
97 Lions Gate Entertainment Corp, Class B8420.0355 Meet Group Inc2680.01
28 Liquidity Services Inc1970.011 Melinta Therapeutics Inc1-
18 Lithia Motors Inc2,8260.092 Menlo Therapeutics Inc9-
15 Littelfuse Inc2,6830.0914 Mercantile Bank Corp4910.02
25 Live Oak Bancshares Inc4520.0162 Mercer International Inc7810.02
31 Livent Corp2450.013 Merchants Bancorp63-
5 LiveRamp Holdings Inc2720.0140 Mercury General Corp1,9810.06
176 LKQ Corp6,2020.2029 Mercury Systems Inc2,1120.07
41 LogMeIn Inc3,2290.1030 Meredith Corp1,0580.03
19 Lonestar Resources US Inc37-49 Meridian Bancorp Inc9870.03
100 Louisiana‐Pacific Corp2,9590.0927 Meridian Bioscience Inc2480.01
5 LS Starrett Co31-21 Merit Medical Systems Inc5860.02
25 LSB Industries Inc99-23 Meritage Homes Corp1,5370.05
24 LSC Communications Inc10-9 Merrimack Pharmaceuticals Inc31-
26 LSI Industries Inc141-21 Mesa Air Group Inc1540.01
24 Luby's Inc49-36 Meta Financial Group Inc1,2720.04
53 Lumentum Holdings Inc3,9330.1230 Methode Electronics Inc1,1110.04
26 Luminex Corp5570.024 Metropolitan Bank Holding Corp1730.01
24 Luna Innovations Inc1760.01294 MGIC Investment Corp4,2360.13
8 Luther Burbank Corp89-5 Middlefield Banc Corp130-
16 Lydall Inc2950.0118 Midland States Bancorp Inc5130.02
14 M/I Homes Inc6390.0212 MidWestOne Financial Group Inc4100.01
26 Macatawa Bank Corp2750.016 Miller Industries Inc2040.01
10 Mackinac Financial Corp1620.0133 Minerals Technologies Inc1,7930.06
70 Macquarie Infrastructure Corp2,9430.0923 Mistras Group Inc3030.01
314 Macy's Inc4,8140.153 Mitcham Industries Inc6-
14 Magellan Health Inc1,0630.0338 MKS Instruments Inc3,9860.13
57 Maiden Holdings Ltd43-4 MMA Capital Holdings Inc112-
68 Mallinckrodt PLC2570.0133 Mobile Mini Inc1,2690.04
6 Malvern Bancorp Inc147-45 Modine Manufacturing Co3330.01
8 Mammoth Energy Services Inc12-59 Mohawk Industries Inc8,2350.26
4 Manitex International Inc22-194 Molson Coors Brewing Co9,8070.31
28 Manitowoc Co Inc4420.011 Monarch Casino & Resort Inc38-
1 Mannatech Inc13-1 Monitronics International Inc8-
3 Manning & Napier Inc5-8 Montage Resources Corp41-
44 ManpowerGroup Inc4,0720.1323 Moog Inc1,9380.06
13 ManTech International Corp1,0420.03295 Mosaic Co5,6110.18
530 Marathon Oil Corp6,1780.2021 Motorcar Parts of America Inc4030.01
35 Marchex Inc140-6 Movado Group Inc120-
18 Marcus & Millichap Inc6450.0270 Mr Cooper Group Inc9400.03
12 Marcus Corp3910.0167 MRC Global Inc8920.03
23 MarineMax Inc3750.013 MSB Financial Corp45-
8 Marlin Business Services Corp1780.0130 MSC Industrial Direct Co Inc2,2180.07
38 Marriott Vacations Worldwide Corp4,7100.1514 MTS Systems Corp6250.02
28 Marten Transport Ltd5840.0242 Mueller Industries Inc1,3270.04
20 Masonite International Corp1,4170.05109 Mueller Water Products Inc1,2340.04
56 MasTec Inc3,6880.12141 Murphy Oil Corp3,2520.10
8 Mastech Digital Inc73-18 Murphy USA Inc2,1320.07
93 Matador Resources Co1,3140.048 MutualFirst Financial Inc3080.01
13 Materion Corp7870.036 MVB Financial Corp134-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
301 Mylan NV5,6470.187 NV5 Global Inc3480.01
11 MYR Group Inc3840.01137 nVent Electric PLC3,3850.11
57 Myriad Genetics Inc1,4600.053 Oak Valley Bancorp59-
288 Nabors Industries Ltd5940.02245 Oasis Petroleum Inc5740.02
2 NACCO Industries Inc108-82 Oceaneering International Inc1,1010.04
26 National Bank Holdings Corp9390.0347 OceanFirst Financial Corp1,1180.04
2 National Bankshares Inc74-19 Ocwen Financial Corp29-
91 National General Holdings Corp1,9410.06454 Office Depot Inc1,0120.03
12 National HealthCare Corp1,0170.0345 OFG Bancorp9610.03
233 National Oilwell Varco Inc5,2510.17- Ohio Valley Banc Corp15-
54 National Vision Holdings Inc1,6440.0547 Oil States International Inc7570.02
3 National Western Life Group Inc7240.024 Oil‐Dri Corp of America137-
7 Natural Alternatives International Inc52-142 Old National Bancorp2,5590.08
17 Natural Gas Services Group Inc1870.012 Old Point Financial Corp54-
16 Natural Grocers by Vitamin Cottage Inc1490.01245 Old Republic International Corp5,5180.17
16 Nature's Sunshine Products Inc1630.0123 Old Second Bancorp Inc2860.01
22 Nautilus Inc32-136 Olin Corp2,3760.08
200 Navient Corp2,8650.0916 Olympic Steel Inc2640.01
37 NBT Bancorp Inc1,4930.0565 On Deck Capital Inc2660.01
12 NCS Multistage Holdings Inc26-302 ON Semiconductor Corp6,4910.21
12 Neenah Inc8670.03110 OneMain Holdings Inc4,7290.15
22 Nelnet Inc1,4060.0432 Onto Innovation Inc1,0700.03
10 Neoleukin Therapeutics Inc57-379 OPKO Health Inc6020.02
27 NETGEAR Inc6780.028 Oppenheimer Holdings Inc2290.01
68 NetScout Systems Inc1,7210.0531 Opus Bank7960.03
11 NetSol Technologies Inc44-44 OraSure Technologies Inc3580.01
7 Network‐1 Technologies Inc15-59 ORBCOMM Inc2360.01
16 New Home Co Inc73-12 Origin Bancorp Inc4200.01
64 New Jersey Resources Corp2,7260.0948 Orion Group Holdings Inc2650.01
386 New York Community Bancorp Inc4,6030.1538 Oritani Financial Corp7070.02
335 Newell Brands Inc6,4340.205 Ormat Technologies Inc (Israel listing)4060.01
1 Newmark Group Inc12-37 Ormat Technologies Inc (US listing)2,8190.09
315 News Corp, Class A4,0580.139 Orrstown Financial Services Inc1880.01
162 News Corp, Class B2,1360.0714 Orthofix Medical Inc6560.02
30 NewStar Financial Inc21-51 Oshkosh Corp4,5880.15
23 Nexa Resources SA1990.0113 OSI Systems Inc1,3140.04
34 Nexstar Media Group Inc3,6240.1127 Otonomy Inc67-
50 NextGen Healthcare Inc9130.0334 Overseas Shipholding Group Inc60-
113 NexTier Oilfield Solutions Inc5400.0265 Owens & Minor Inc4290.01
8 NI Holdings Inc135-89 Owens Corning5,9600.19
6 Nicholas Financial Inc56-41 Owens‐Illinois Inc4060.01
4 Nicolet Bankshares Inc2970.0113 Oxford Industries Inc9760.03
249 Nielsen Holdings PLC4,8660.153 Pacific Drilling SA9-
2 Nine Energy Service Inc11-17 Pacific Ethanol Inc8-
18 NL Industries Inc77-20 Pacific Mercantile Bancorp143-
52 NMI Holdings Inc1,7420.0651 Pacific Premier Bancorp Inc1,6490.05
36 NN Inc3150.01100 PacWest Bancorp3,7080.12
201 Noble Corp PLC2130.014 PAM Transportation Services Inc2300.01
319 Noble Energy Inc6,6190.2113 Panhandle Oil and Gas Inc1540.01
15 Nordic American Tankers Ltd53-38 Par Pacific Holdings Inc9400.03
6 Northeast Bank128-22 Park Aerospace Corp3650.01
26 Northern Oil and Gas Inc46-13 Park National Corp1,2810.04
4 Northern Technologies International Corp55-8 Parke Bancorp Inc1960.01
46 Northfield Bancorp Inc7700.0213 Park‐Ohio Holdings Corp4050.01
5 Northrim BanCorp Inc1910.01296 Parsley Energy Inc4,4320.14
99 Northwest Bancshares Inc1,6500.0528 Party City Holdco Inc54-
6 Northwest Pipe Co2110.0117 Patrick Industries Inc8570.03
133 Norwegian Cruise Line Holdings Ltd7,1140.221 Patriot Transportation Holding Inc26-
3 Norwood Financial Corp98-82 Patterson Cos Inc1,5920.05
96 NOW Inc1,0790.03175 Patterson‐UTI Energy Inc1,5610.05
40 Nu Skin Enterprises Inc1,5200.0598 PBF Energy Inc3,0800.10
191 Nuance Communications Inc3,4190.1113 PC Connection Inc6340.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
6 PCB Bancorp105-10 Providence Service Corp5870.02
10 PCSB Financial Corp2070.0113 Provident Bancorp Inc1530.01
4 PC‐Tel Inc31-4 Provident Financial Holdings Inc90-
56 PDC Energy Inc1,2810.0437 Provident Financial Services Inc8920.03
27 PDF Solutions Inc4300.018 Prudential Bancorp Inc137-
114 PDL BioPharma Inc3530.012 Psychemedics Corp16-
95 Peabody Energy Corp9180.03225 PulteGroup Inc8,9310.28
18 Peapack Gladstone Financial Corp5310.0261 PVH Corp5,8910.19
4 Penn Virginia Corp92-8 Pyxus International Inc68-
6 Penns Woods Bancorp Inc1870.0113 QCR Holdings Inc5430.02
47 PennyMac Financial Services Inc1,6200.05191 QEP Resources Inc6250.02
69 Penske Automotive Group Inc3,4810.1129 Quad/Graphics Inc131-
16 Peoples Bancorp Inc5210.0219 Quanex Building Products Corp3620.01
2 Peoples Bancorp of North Carolina Inc63-119 Quanta Services Inc4,9540.16
5 Peoples Financial Services Corp2350.0120 QuinStreet Inc3160.01
359 People's United Financial Inc5,9300.192 Qumu Corp5-
13 People's Utah Bancorp3880.01266 Qurate Retail Inc2,5160.08
7 Perceptron Inc33-172 Radian Group Inc4,4560.14
27 Perficient Inc1,1430.0437 Radiant Logistics Inc1950.01
68 Performance Food Group Co3,1850.1010 Rafael Holdings Inc1620.01
14 Performant Financial Corp14-27 Ralph Lauren Corp2,9050.09
9 Perma‐Pipe International Holdings Inc81-97 Rambus Inc1,2650.04
111 Perrigo Co PLC5,6740.18193 Range Resources Corp6740.02
130 Perspecta Inc3,5870.1170 Rayonier Advanced Materials Inc2730.01
16 PetIQ Inc3780.016 RBB Bancorp113-
7 Pfenex Inc70-4 RCI Hospitality Holdings Inc71-
3 PFSweb Inc11-2 RCM Technologies Inc7-
42 PGT Innovations Inc6010.0216 RE/MAX Holdings Inc6070.02
24 PH Glatfelter Co4320.0114 Reading International Inc1510.01
40 Photronics Inc4730.0234 RealNetworks Inc47-
15 PICO Holdings Inc1600.0185 Realogy Holdings Corp8860.03
2 Pier 1 Imports Inc19-16 Red Lion Hotels Corp57-
90 Pilgrim's Pride Corp2,8230.098 Red Robin Gourmet Burgers Inc2270.01
63 Pinnacle Financial Partners Inc3,8470.121 Red Violet Inc13-
13 Piper Jaffray Cos1,0150.0335 Regal Beloit Corp2,8670.09
84 Playa Hotels & Resorts NV6620.029 Regional Management Corp3060.01
20 Plexus Corp1,4930.0527 Regis Corp4390.01
4 Plumas Bancorp99-51 Reinsurance Group of America Inc8,4140.27
33 PolyOne Corp1,0430.0357 Reliance Steel & Aluminum Co6,7550.21
3 Ponce de Leon Federal Bank41-33 RenaissanceRe Holdings Ltd6,1290.19
81 Popular Inc4,4680.1452 Renasant Corp1,8470.06
52 Post Holdings Inc5,5060.1723 Renewable Energy Group Inc3900.01
20 Potbelly Corp100-28 Rent‐A‐Center Inc7220.02
9 Powell Industries Inc3880.0115 Republic Bancorp Inc6700.02
18 PQ Group Holdings Inc2790.0112 Republic First Bancorp Inc49-
40 PRA Group Inc1,4810.0568 Resideo Technologies Inc6660.02
11 Preferred Bank6250.0280 Resolute Forest Products Inc3220.01
4 Preformed Line Products Co3210.0120 Resources Connection Inc3050.01
11 Premier Financial Bancorp Inc2000.0153 REV Group Inc6880.02
35 Premier Inc1,2520.044 REX American Resources Corp3390.01
57 Presidio Inc9420.0374 Rexnord Corp2,3270.07
42 Prestige Consumer Healthcare Inc1,5920.056 RF Industries Ltd35-
1 PRGX Global Inc6-95 Ribbon Communications Inc2800.01
23 PriceSmart Inc1,6870.0510 Richardson Electronics Ltd55-
- PrimeEnergy Resources Corp9-42 Ring Energy Inc80-
37 Primoris Services Corp8180.0320 Riverview Bancorp Inc147-
50 ProAssurance Corp1,8640.063 Rocky Brands Inc92-
69 ProPetro Holding Corp5980.0213 Rogers Corp1,6250.05
76 Prosperity Bancshares Inc5,3660.173 Royal Gold Inc3260.01
1 Protagonist Therapeutics Inc6-51 RPC Inc1950.01
8 Protective Insurance Corp132-56 RTI Surgical Holdings Inc104-
34 Prothena Corp PLC4380.0145 RTW RetailWinds Inc60-


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
41 Rubicon Project Inc3350.0126 SkyWest Inc1,6160.05
18 Rush Enterprises Inc, Class A8330.0336 Skyworks Solutions Inc3,5450.11
1 Rush Enterprises Inc, Class B23-310 SLM Corp2,6480.08
34 Ryder System Inc1,7600.0693 SM Energy Co7770.02
27 Ryerson Holding Corp2880.0116 SMART Global Holdings Inc4880.02
31 S&T Bancorp Inc1,1820.048 SmartFinancial Inc1910.01
10 S&W Seed Co23-41 Snap‐on Inc6,5860.21
12 Safety Insurance Group Inc1,1720.043 Solaris Oilfield Infrastructure Inc29-
3 Saga Communications Inc79-4 SolarWinds Corp80-
19 Saia Inc1,8270.0620 Sonic Automotive Inc6410.02
21 Salem Media Group Inc31-57 Sonoco Products Co3,4440.11
- Salisbury Bancorp Inc14-32 South State Corp2,6450.08
19 Sanderson Farms Inc3,0680.106 Southern First Bancshares Inc2460.01
41 SandRidge Energy Inc134-7 Southern Missouri Bancorp Inc2490.01
33 Sandy Spring Bancorp Inc1,1760.0415 Southern National Bancorp of Virginia Inc2340.01
41 Sanmina Corp1,2980.0430 Southside Bancshares Inc1,0610.03
230 Santander Consumer USA Holdings Inc5,4050.17477 Southwestern Energy Co8680.03
6 Sapiens International Corp NV (US listing)142-17 SP Plus Corp7250.02
3 SB Financial Group Inc46-27 Spartan Motors Inc4710.02
6 SB One Bancorp142-29 SpartanNash Co4060.01
15 ScanSource Inc5260.0243 Spectrum Brands Holdings Inc2,6660.08
66 Schneider National Inc1,5030.0554 Spirit Airlines Inc2,1180.07
28 Schnitzer Steel Industries Inc5990.024 Spirit of Texas Bancshares Inc93-
16 Scholastic Corp5940.0213 Spok Holdings Inc1540.01
24 Schweitzer‐Mauduit International Inc1,0380.0311 Sportsman's Warehouse Holdings Inc82-
42 Science Applications International Corp3,6010.1134 SPX FLOW Inc1,6240.05
46 Scorpio Bulkers Inc2830.01193 SRC Energy Inc6910.02
50 Scorpio Tankers Inc1,7110.0545 St Joe Co8540.03
1 Seaboard Corp2,1540.0715 Stage Stores Inc73-
29 Seachange International Inc101-12 Stamps.com Inc1,0330.03
34 Seacoast Banking Corp of Florida1,0020.03- Standard AVB Financial Corp6-
9 SEACOR Holdings Inc3800.0117 Standard Motor Products Inc8660.03
19 SEACOR Marine Holdings Inc2230.0110 Standex International Corp7340.02
9 Security National Financial Corp48-8 StarTek Inc67-
16 Select Bancorp Inc1850.0133 State Auto Financial Corp1,0660.03
44 Select Energy Services Inc3420.0124 Steel Connect Inc34-
13 Select Interior Concepts Inc133-165 Steel Dynamics Inc5,5800.18
101 Select Medical Holdings Corp2,2370.0766 Steelcase Inc1,1960.04
42 Selective Insurance Group Inc2,7790.0917 Stepan Co1,6480.05
61 SemGroup Corp9390.0356 Stericycle Inc3,4920.11
5 Seneca Foods Corp2150.01179 Sterling Bancorp3,6630.12
113 Sensata Technologies Holding PLC5,8270.188 Sterling Bancorp Inc79-
29 Sensient Technologies Corp1,8210.0620 Sterling Construction Co Inc2870.01
65 ServiceMaster Global Holdings Inc2,5390.0853 Steven Madden Ltd2,2670.07
28 ServiceSource International Inc43-15 Stewart Information Services Corp6470.02
31 ServisFirst Bancshares Inc1,1270.0458 Stifel Financial Corp3,6390.12
8 Severn Bancorp Inc69-18 Stock Yards Bancorp Inc7320.02
94 SFL Corp Ltd1,3350.0422 Stoneridge Inc6500.02
16 Shiloh Industries Inc62-39 Stratasys Ltd7110.02
9 Shoe Carnival Inc3350.018 Strategic Education Inc1,1830.04
10 Shore Bancshares Inc1690.012 Strattec Security Corp56-
13 Sierra Bancorp3500.015 Stratus Properties Inc144-
1 SIFCO Industries Inc3-8 Summit Financial Group Inc2230.01
42 Signature Bank5,1950.1695 Summit Materials Inc2,2570.07
43 Signet Jewelers Ltd7860.031 Summit State Bank9-
4 SilverBow Resources Inc37-42 SunCoke Energy Inc2130.01
90 Simmons First National Corp2,3230.075 Sundance Energy Inc54-
67 Simply Good Foods Co1,8560.0619 Super Micro Computer Inc4050.01
32 Simpson Manufacturing Co Inc2,5820.0828 Superior Energy Services Inc8-
51 Sinclair Broadcast Group Inc1,7930.0612 Superior Group of Cos Inc1610.01
96 Skechers U.S.A. Inc3,8750.1213 Superior Industries International Inc37-
6 Skyline Champion Corp2150.0127 Supernus Pharmaceuticals Inc6260.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
5 Surgery Partners Inc68-34 TriMas Corp1,0600.03
18 SVB Financial Group4,1270.13122 Trinity Industries Inc2,5760.08
28 Sykes Enterprises Inc9770.0328 Trinseo SA1,0490.03
7 Synalloy Corp93-11 TripAdvisor Inc3080.01
26 Synaptics Inc1,5010.0521 Triple‐S Management Corp4060.01
2 Synchronoss Technologies Inc10-24 TriState Capital Holdings Inc5750.02
83 Syneos Health Inc4,5690.1470 Triton International Ltd2,6410.08
41 SYNNEX Corp5,0580.1623 Triumph Bancorp Inc8300.03
124 Synovus Financial Corp4,7380.1584 Tronox Holdings PLC9770.03
36 Talos Energy Inc8440.0338 TrueBlue Inc8770.03
4 Tandy Leather Factory Inc19-8 TrueCar Inc43-
175 Tapestry Inc4,6960.1579 TrustCo Bank Corp6940.02
17 Targa Resources Corp6090.0259 Trustmark Corp2,0270.06
24 Taro Pharmaceutical Industries Ltd2,2870.0757 TTM Technologies Inc7630.02
100 Taylor Morrison Home Corp2,3130.0721 Tuesday Morning Corp34-
122 TCF Financial Corp5,1930.1641 Tutor Perini Corp6450.02
30 Team Inc4770.0212 Twin Disc Inc123-
28 Tech Data Corp3,9930.1325 Twin River Worldwide Holdings Inc6070.02
187 TechnipFMC PLC3,5320.117 Two River Bancorp1570.01
5 Tecnoglass Inc42-6 UFP Technologies Inc2700.01
14 Teekay Corp66-26 Ultra Clean Holdings Inc5740.02
8 Teekay Tankers Ltd1600.0114 Ultralife Corp121-
160 TEGNA Inc2,4620.0838 UMB Financial Corp2,5700.08
25 Tejon Ranch Co4090.01175 Umpqua Holdings Corp2,8610.09
87 Telephone & Data Systems Inc2,0740.076 Unifi Inc137-
61 Terex Corp1,7180.0511 UniFirst Corp2,2040.07
135 TerraForm Power Inc2,0870.074 Unique Fabricating Inc14-
7 Territorial Bancorp Inc2370.0168 Unit Corp59-
7 TESSCO Technologies Inc78-83 United Bankshares Inc3,1580.10
92 TETRA Technologies Inc113-71 United Community Banks Inc2,1920.07
38 Texas Capital Bancshares Inc2,2030.0744 United Community Financial Corp4870.02
48 Textainer Group Holdings Ltd4400.0123 United Fire Group Inc9960.03
62 TFS Financial Corp1,2520.0437 United Insurance Holdings Corp4670.02
24 Thermon Group Holdings Inc6350.0251 United Rentals Inc7,8340.25
82 Third Point Reinsurance Ltd7850.0312 United Security Bancshares129-
41 Thor Industries Inc2,6250.0832 United States Cellular Corp1,0780.03
18 Tidewater Inc2740.014 United States Lime & Minerals Inc4110.01
17 Tilly's Inc1640.01133 United States Steel Corp1,7420.06
7 Timberland Bancorp Inc2030.0134 United Therapeutics Corp3,1700.10
54 Timken Co2,8560.098 Unity Bancorp Inc1830.01
35 TimkenSteel Corp2050.01112 Univar Solutions Inc2,6300.08
32 Tiptree Inc2490.0111 Universal Corp5580.02
51 Titan International Inc1500.0111 Universal Electronics Inc5910.02
17 Titan Machinery Inc2240.0153 Universal Forest Products Inc2,6460.08
71 TiVo Corp5550.0250 Universal Health Services Inc6,9390.22
119 Toll Brothers Inc4,7860.1525 Universal Insurance Holdings Inc7220.02
12 Tompkins Financial Corp1,0250.038 Universal Logistics Holdings Inc1500.01
20 Tootsie Roll Industries Inc6740.027 Universal Stainless & Alloy Products Inc102-
27 TopBuild Corp3,0090.1022 Universal Technical Institute Inc128-
66 Towne Bank1,8450.0627 Univest Financial Corp6950.02
11 Townsquare Media Inc87-177 Unum Group5,4470.17
- Trans World Entertainment Corp1-76 Urban Outfitters Inc1,9470.06
4 TransAct Technologies Inc47-12 US Concrete Inc5100.02
5 Transcat Inc1710.01161 US Foods Holding Corp6,3940.20
341 Transocean Ltd1,6980.0562 US Silica Holdings Inc3070.01
5 TravelCenters of America Inc46-5 USA Truck Inc40-
21 Trecora Resources1630.01153 Valaris PLC6500.02
19 Tredegar Corp4040.01268 Valley National Bancorp3,1020.10
45 TreeHouse Foods Inc2,2180.0716 Valmont Industries Inc2,2340.07
106 TRI Pointe Group Inc1,6580.0538 Vanda Pharmaceuticals Inc6380.02
24 Tribune Publishing Co2980.0127 Varex Imaging Corp8230.03
26 TriCo Bancshares1,0200.0310 Vectrus Inc5250.02


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)		株式数(千)価格
千米ドル		純資産
総額比率
(%)
普通株式(続き)普通株式(続き)
米国 61.94% (続き)米国 61.94% (続き)
43 Veeco Instruments Inc5830.0243 Worthington Industries Inc1,6550.05
6 Venator Materials PLC22-349 WPX Energy Inc3,4300.11
54 Veoneer Inc8820.0357 Wright Medical Group NV1,7070.05
25 Vera Bradley Inc2740.0149 WSFS Financial Corp2,2050.07
47 Verint Systems Inc2,2800.07199 Xerox Holdings Corp7,7390.24
49 Veritex Holdings Inc1,2670.0436 Xperi Corp7140.02
12 Veritiv Corp2230.0177 XPO Logistics Inc6,3800.20
30 Verso Corp5520.0254 Yelp Inc1,8800.06
10 Viacom Inc, Class A2680.0124 ZAGG Inc1850.01
222 Viacom Inc, Class B5,3350.17148 Zions Bancorp NA7,3880.23
14 Viad Corp8650.0332 Zovio Inc65-
44 ViaSat Inc3,2450.1014 Zumiez Inc4130.01
11 Victory Capital Holdings Inc2210.011,962,59661.94
9 Village Super Market Inc2490.01普通株式合計 99.93% (2018年11月30日:99.73%)3,166,51799.93
2 Virco Manufacturing Corp9-
6 Virtus Investment Partners Inc7250.02優先株
4 Virtusa Corp1790.01ドイツ 0.08%
99 Vishay Intertechnology Inc1,9680.067 Biotest AG155-
6 Vishay Precision Group Inc2160.017 Draegerwerk AG & Co KGaA3990.01
42 Vista Outdoor Inc3450.0133 Jungheinrich AG8560.03
346 Vistra Energy Corp9,1780.2976 Schaeffler AG8320.03
21 Vitamin Shoppe Inc135-2 STO SE & Co KGaA2200.01
10 Volt Information Sciences Inc26-6 Villeroy & Boch AG102-
11 VOXX International Corp51-2,5640.08
126 Voya Financial Inc7,3420.23米国 0.00%
10 VSE Corp4100.01- Air T Funding1-
39 Wabash National Corp6070.021-
59 Waddell & Reed Financial Inc9590.03優先株合計 0.08% (2018年11月30日:0.08%)2,5650.08
24 Walker & Dunlop Inc1,5500.05
34 Warrior Met Coal Inc7080.02不動産投資信託
50 Washington Federal Inc1,8550.06イスラエル 0.01%
14 Washington Trust Bancorp Inc7100.0225 Summit Real Estate Holdings Ltd3300.01
25 Waterstone Financial Inc4760.023300.01
18 Watts Water Technologies Inc1,7830.06日本 0.00%
2 Wayside Technology Group Inc34-10 Urbanet Corp Co Ltd32-
66 Webster Financial Corp3,2010.1032-
23 Weis Markets Inc9180.03不動産投資信託合計 0.01%
53 Werner Enterprises Inc1,9590.06(2018年11月30日:0.02%)3620.01
61 WesBanco Inc2,2360.07
82 Wesco Aircraft Holdings Inc9010.03新株予約権
40 WESCO International Inc2,1260.07オーストリア 0.00%
12 West Bancorporation Inc2890.0111 Intercell AG--
17 Westamerica Bancorporation1,0850.03--
75 Western Alliance Bancorp3,9010.12カナダ 0.01%
25 Western New England Bancorp Inc2430.01204 Pan American Silver Corp580.01
40 Westinghouse Air Brake Technologies Corp3,1680.10580.01
71 Westlake Chemical Corp4,8690.15ノルウェー 0.00%
208 Westrock Co8,3980.277 XXL ASA1-
7 Westwood Holdings Group Inc2110.011-
8 Weyco Group Inc2060.01米国 0.00%
9 Whirlpool Corp1,2940.041 DISH Network Corp--
3 White Mountains Insurance Group Ltd3,0740.10--
72 Whiting Petroleum Corp3280.01新株予約権合計 0.01% (2018年11月30日:0.00%)590.01
19 William Lyon Homes3940.01
2 Willis Lease Finance Corp93-ワラント
72 WillScot Corp1,2810.04カナダ 0.00%
25 Winnebago Industries Inc1,1740.042 Tervita Corp--
46 Wintrust Financial Corp3,0980.10--
75 WisdomTree Investments Inc3660.01
68 Wolverine World Wide Inc2,1680.07
8 World Acceptance Corp7180.02
50 World Fuel Services Corp2,1070.07


グローバル・ターゲテッド・バリュー・ファンド
投資明細表 2019年11月30日現在(続き)
株式数(千)価格
千米ドル		純資産
総額比率
(%)
ワラント (続き)
シンガポール 0.00%
581 Ezion Holdings Ltd--
--
スウェーデン 0.00%
2 Anoto Group AB--
--
ワラント合計 0.00%(2018年11月30日:0.00%)--
投資合計 100.03% (2018年11月30日:99.83%)3,169,503100.03

価格
千米ドル		純資産
総額比率
(%)
現金及び現金同等物 0.40% (2018年11月30日:0.41%)12,6900.40
資産超過におけるその他の負債 (0.43)% (2018年11月30日:(0.24)%)(13,492)(0.43)
純資産合計3,168,701100.00
「-」で表示される数字は0米ドル、500米ドル未満、あるいは500株未満のいずれかを示します。
Amounts designated as “- “ are either $0, less than $500 or less than 500 shares.
総資産の分析 (未監査)純資産
総額比率
(%)
正式な取引所に上場が認められた譲渡可能有価証券98.62
流動資産1.38
資産合計100.00

IRBANK 採用情報

フルスタックエンジニア

  • 10年以上蓄積したファイナンスデータとAIを掛け合わせて、投資の意思決定を加速させるポジションです。
  • UI からデータベースまで一貫して関われるポジションです。
Detail

プロダクトMLエンジニア

  • MLとLLMを掛け合わせ、分析から予測までをスピーディかつ正確な投資体験に落とし込むポジションです。
Detail

AI Agent エンジニア

  • 開示資料・決算・企業データを横断し、投資家の意思決定を支援するAI Agent機能を設計・実装するポジションです。
  • RAG・検索・ランキングを含む情報取得/推論パイプラインの設計から運用まで一気通貫で担います。
Detail

UI/UXデザイナー

  • IRBANK初の一人目デザイナーとして、複雑な金融情報を美しく直感的に届ける体験をつくるポジションです。
Detail

Webメディアディレクター

  • 月間500万PVを超える、大規模DBサイトを運営できます。
  • これから勢いよく伸びるであろうサービスの根幹部分を支えるポジションです。
Detail

クラウドインフラ & セキュリティエンジニア

  • Google Cloud 上でマイクロサービス基盤の信頼性・可用性・セキュリティを担うポジションです。
  • 大規模金融データを安全かつ高速に処理するインフラを設計・構築できます。
Detail

学生インターン

  • 月間500万PVを超える日本最大級のIRデータプラットフォームの運営に携わり、金融・データ・プロダクトの現場を学生のうちから体験できます。
Detail

マーケティングマネージャー

  • IRBANKのブランドと文化の構築。
  • 百万人の現IRBANKユーザーとまだIRBANKを知らない数千万人に対してマーケティングをしてみたい方。
Detail