Top Ten Holdings
for IFA Indexes

As of 3/31/2017 % of Fund
LC

IFA US Large Company Index

Apple Inc 3.72%
Microsoft Corp 2.51%
Alphabet Inc 2.45%
Amazon.com Inc 1.73%
Exxon Mobil Corp 1.68%
Johnson & Johnson 1.67%
Facebook Inc 1.65%
Berkshire Hathaway Inc 1.56%
JPMorgan Chase & Co 1.55%
General Electric Co 1.28%
LV

IFA US Large Cap Value Index

JPMorgan Chase & Co 4.18%
AT&T Inc 3.86%
Exxon Mobil Corp 3.85%
Intel Corp 3.42%
Comcast Corp 3.31%
Cisco Systems Inc 3.14%
Pfizer Inc 2.32%
Citigroup Inc 2.20%
Bank of America Corp 2.13%
Chevron Corp 1.65%
SC

IFA US Small Cap Index

Cabot Microelectronics Corp 0.37%
Insperity Inc 0.36%
Nutrisystem Inc 0.34%
Methode Electronics Inc 0.33%
Headwaters Inc 0.32%
Quaker Chemical Corp 0.31%
California Water Service Group 0.31%
American States Water Co 0.31%
Apogee Enterprises Inc 0.31%
iRobot Corp 0.30%
SV

IFA US Small Cap Value Index

Oasis Petroleum Inc 0.93%
Associated Banc-Corp 0.81%
Aspen Insurance Holdings Ltd 0.79%
Wintrust Financial Corp 0.78%
Hanover Insurance Group Inc/The 0.77%
Fresh Del Monte Produce Inc 0.76%
Sanmina Corp 0.76%
Whiting Petroleum Corp 0.75%
Patterson-UTI Energy Inc 0.74%
Hancock Holding Co 0.73%
RE

IFA Global REIT Index

Simon Property Group Inc 4.54%
Public Storage 2.66%
Equinix Inc 2.44%
Prologis Inc 2.26%
Welltower Inc 2.11%
AvalonBay Communities Inc 2.07%
Unibail-Rodamco SE 1.96%
Equity Residential 1.88%
Ventas Inc 1.88%
Boston Properties Inc 1.68%
IS

IFA International Small Company Index

Teleperformance 0.29%
MTU Aero Engines AG 0.26%
LANXESS AG 0.26%
Melrose Industries PLC 0.26%
Outokumpu OYJ 0.24%
Orion Oyj 0.24%
Rexel SA 0.23%
Rentokil Initial PLC 0.23%
Gamesa Corp Tecnologica SA 0.23%
DS Smith PLC 0.23%
IV

IFA International Value Index

Royal Dutch Shell PLC 4.25%
BP PLC 3.11%
HSBC Holdings PLC 2.78%
Vodafone Group PLC 2.40%
Banco Santander SA 2.30%
TOTAL SA 2.26%
Daimler AG 1.91%
Allianz SE 1.74%
BHP Billiton Ltd 1.59%
Suncor Energy Inc 1.39%
ISV

IFA International Small Cap Value Index

Bellway PLC 0.82%
Melrose Industries PLC 0.76%
Hiscox Ltd 0.75%
LANXESS AG 0.71%
Banco BPM SpA 0.67%
Arkema SA 0.65%
Rheinmetall AG 0.64%
Helvetia Holding AG 0.60%
Aurubis AG 0.56%
John Wood Group PLC 0.55%
EM

IFA Emerging Markets Index

Samsung Electronics Co Ltd 4.16%
Taiwan Semiconductor Manufacturing Co Ltd 3.85%
Tencent Holdings Ltd 2.26%
Alibaba Group Holding Ltd 1.17%
Naspers Ltd 1.16%
Itau Unibanco Holding SA 1.03%
China Construction Bank Corp 1.03%
China Mobile Ltd 0.95%
Hon Hai Precision Industry Co Ltd 0.94%
Petroleo Brasileiro SA 0.81%
EV

IFA Emerging Markets Value Index

China Construction Bank Corp 3.13%
Vale SA 2.70%
Petroleo Brasileiro SA 2.23%
Reliance Industries Ltd 2.21%
Industrial & Commercial Bank of China Ltd 1.55%
Bank of China Ltd 1.48%
Hyundai Motor Co 1.45%
POSCO 1.37%
Gazprom PJSC 1.23%
PTT PCL 1.21%
ES

IFA Emerging Markets Small Cap Index

Equatorial Energia SA 0.63%
BR Malls Participacoes SA 0.44%
Clicks Group Ltd 0.41%
AVI Ltd 0.40%
Localiza Rent a Car SA 0.33%
Barloworld Ltd 0.31%
Sunac China Holdings Ltd 0.31%
Parque Arauco SA 0.30%
Foschini Group Ltd/The 0.30%
Rumo SA 0.29%