Top-Performing Managers of Emerging Markets Stock Collective Investment Trusts, 4th Quarter 2011
| Top 10 managers: one-year return | Category | Gross return | Net return |
| Templeton Int'l Emg. Mkt. CF | US SA Diversified Emerging Mkts | -12.39 | -13.48 |
| William Emg. Mkts. Growth CIT | US SA Diversified Emerging Mkts | -15.99 | -16.89 |
| QMA Emg. Mkts. Equity Fund | US SA Diversified Emerging Mkts | -17.14 | -17.68 |
| SSgA Active Emg. Mkts. SL Fund | US SA Diversified Emerging Mkts | -17.77 | -18.48 |
| T. Rowe Price Emg. Mkts. Eq. Trust | US SA Diversified Emerging Mkts | -18.06 | -18.89 |
| LSV Asset EM Value Eq. Fund LP | US SA Diversified Emerging Mkts | -18.11 | -18.91 |
| BlackRock MSCI Emg. Mkt. Free Ind. | US SA Diversified Emerging Mkts | -18.48 | -18.65 |
| WTRISC EM Eq. Ind. ETF Fund 96 | US SA Diversified Emerging Mkts | -18.73 | -19.51 |
| SSgA EM Index Fund Class A | US SA Diversified Emerging Mkts | -18.76 | -18.76 |
| Baillie Gifford Emg. Mkts. Fund | US SA Diversified Emerging Mkts | -19.79 | -20.34 |
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| Top 10 managers: five-year return | Category | Gross return | Net return |
| LSV Asset EM Value Eq. Fund LP | US SA Diversified Emerging Mkts | 7.80 | 6.77 |
| Baillie Gifford Emg. Mkts. Fund | US SA Diversified Emerging Mkts | 4.74 | 4.21 |
| City of London Global EM Fund | US SA Diversified Emerging Mkts | 4.71 | 3.42 |
| QMA Emerging Markets Equity Fund | US SA Diversified Emerging Mkts | 4.01 | 3.17 |
| Templeton Int'l Emg. Mkt. CF | US SA Diversified Emerging Mkts | 3.71 | 2.63 |
| The Boston Emg. Mkts. Equity CF | US SA Diversified Emerging Mkts | 3.24 | 2.12 |
| WTRISC EM Eq. Ind. ETF Fd 96 | US SA Diversified Emerging Mkts | 2.37 | 1.39 |
| BlackRock MSCI Emg. Mkt. Free Ind. | US SA Diversified Emerging Mkts | 2.23 | 2.01 |
| SSgA EM Index Fund Class A | US SA Diversified Emerging Mkts | 1.99 | 1.99 |
| SSgA Active Emg. Mkts. SL Fund | US SA Diversified Emerging Mkts | 1.27 | 0.42 |
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