GMO Implementation Fund

Company	Share, %
H.U. Group Holdings, Inc.	0.99
Mandom Corporation	0.95
Kanematsu Corporation	0.68
Macromill, Inc.	0.62
Hogy Medical Co.,Ltd.	0.49
THK Co., Ltd.	0.37
Konoike Transport Co.,Ltd.	0.31
Maruichi Steel Tube Ltd.	0.29
Morinaga&Co., Ltd.	0.29
Tokai Carbon Co., Ltd.	0.27
NH Foods Ltd.	0.26
EXEO Group, Inc.	0.17
Sunac China Holdings Limited	0.11
Hyundai Motor Company	0.06