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The top 10 U.S. mutual funds invested in foreign stocks in three
INTERNATIONAL EQUITY
1 Oakmark International I 35.11%
2 Longleaf Partners International 20.56%
3 Templeton Funds Foreign A* 20.50%
4 PIMCO International Growth Institutional 20.42%
5 Morgan Grenfell International Equity Institutional
19.75%
6 Brandes Investment Trust International Equity 19.50%
7 Nations Funds International Value Primary A* 19.48%
8 Tocqueville International Value 18.96%
9 Northstar International Value A 18.73%
INTERNATIONAL SMALL CAP
1 Warburg Pincus International Small Cap 64.33%
2 Oakmark International Small Cap I 45.24%
3 T. Rowe Price International Discovery 24.35%
4 Oppenheimer International Small Company A* 22.82%
5 Schroder Capital International Small Companies
Investors 21.89%
6 Federated International Small Company A* 20.00%
7 Morgan Stanley Dean Witter International Small
Cap* 16.77%
8 Lord Abbet Securities Trust International A* 16.06%
9 Nicholas-Applegate International Small Cap
Growth I 14.77%
EMERGING MARKET EQUITY
1 Lexington Troika Russia 50.76%
2 World Funds Third Millennium Russia 43.37%
3 BT Institutional Global Emerging Markets Equity 39.96%
4 Montgomery Funds II Emerging Markets Focus* 37.89%
5 Dreyfus Premier Emerging Markets R* 35.87%
6 GMO Trust Evolving Countries 34.55%
7 Sanford Bernstein Emerging Markets 33.98%
8 Dreyfus International Emerging Markets 31.69%
9 Forum Emerging Markets 31.44%
* Fund has multiple share classes; all returns were nearly identical