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Portfolio Holdings


Global Portfolio Holdings 

This table shows the top five portfolio holdings of the WPS Global Composite (by percentage weight).

Top Five Holdings of the WPS Global Composite
as of December 31, 2007

Company Holding Percentage Sector
Bharti Airtel  5.5% Telecommunications
Procter & Gamble 4.7% Consumer Staples
Li & Fung 4.6% Consumer Discretionary
Charles Schwab Corp 4.6% Financials
PepsiCo Inc 4.3% Consumer Staples
This information is incomplete without the accompanying explanatory notes.

International Portfolio Holdings

In November 2006, we introduced a new international investment product to provide a means for U.S. clients to invest in the best companies outside the United States.

This table shows the top five portfolio holdings of an international equity portfolio we launched in November 2006 (by percentage).

Top Five Holdings of the WPS International Portfolio
as of December 31, 2007

Company Holding Percentage Sector
Reckitt Benckiser 5.9% Consumer Staples
Tesco 5.3% Consumer Staples
Groupe Danone 5.3% Consumer Staples
Ibiden  4.9% Information Technology
Peace Mark 4.7% Consumer Discretionary

 


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