| Number of Shares | Value | |
| COMMON STOCKS — 97.6% | ||
| BELGIUM — 4.1% | ||
| 1,000 | D'ieteren Group | $221,815 |
| 1,620 | KBC Group N.V. | 121,329 |
| 343,144 | ||
| BRAZIL — 1.6% | ||
| 11,200 | NU Holdings Ltd. - Class A* | 133,616 |
| CANADA — 12.3% | ||
| 2,830 | Brookfield Asset Management Ltd. - Class A | 118,917 |
| 2,690 | Brookfield Corp. | 112,630 |
| 3,260 | Canadian Natural Resources Ltd. | 248,803 |
| 3,500 | Celestica, Inc.* | 157,290 |
| 1,850 | CGI, Inc.* | 204,407 |
| 1,185 | TFI International, Inc. | 188,960 |
| 1,031,007 | ||
| CHINA — 3.8% | ||
| 1,130 | Baidu, Inc. - ADR* | 118,967 |
| 1,130 | NetEase, Inc. - ADR | 116,921 |
| 17,100 | WuXi AppTec Co., Ltd. - Class H | 81,055 |
| 316,943 | ||
| FRANCE — 3.7% | ||
| 620 | Capgemini S.E. | 142,676 |
| 730 | Schneider Electric S.E. | 165,114 |
| 307,790 | ||
| GERMANY — 12.0% | ||
| 730 | adidas A.G. | 163,027 |
| 9,280 | Deutsche Telekom A.G. | 225,267 |
| 3,450 | Infineon Technologies A.G. | 117,302 |
| 1,000 | Merck KGaA | 176,502 |
| 345 | Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen | 168,350 |
| 3,800 | Schott Pharma A.G. & Co. KGaA | 162,348 |
| 1,012,796 | ||
| INDIA — 4.0% | ||
| 7,250 | ICICI Bank Ltd. - ADR | 191,472 |
| 2,010 | Reliance Industries Ltd. - GDR | 143,514 |
| 334,986 | ||
| INDONESIA — 1.9% | ||
| 356,000 | Bank Mandiri Persero Tbk P.T. | 162,788 |
| Number of Shares | Value | |
| COMMON STOCKS (Continued) | ||
| IRELAND — 5.3% | ||
| 690 | ICON PLC* | $231,805 |
| 700 | Trane Technologies PLC | 210,140 |
| 441,945 | ||
| ISRAEL — 1.7% | ||
| 540 | Nice Ltd. - ADR* | 140,735 |
| ITALY — 1.5% | ||
| 2,270 | Recordati Industria Chimica e Farmaceutica S.p.A. | 125,488 |
| JAPAN — 10.9% | ||
| 2,700 | Advantest Corp. | 119,411 |
| 6,600 | FUJIFILM Holdings Corp. | 147,713 |
| 3,700 | Recruit Holdings Co., Ltd. | 162,025 |
| 2,440 | Sony Group Corp. - ADR | 209,205 |
| 2,500 | Square Enix Holdings Co., Ltd. | 96,149 |
| 2,400 | TechnoPro Holdings, Inc. | 47,864 |
| 500 | Tokyo Electron Ltd. | 129,674 |
| 912,041 | ||
| MEXICO — 3.4% | ||
| 7,234 | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B | 116,187 |
| 16,000 | Grupo Financiero Banorte S.A.B. de C.V. - Class O | 169,745 |
| 285,932 | ||
| RUSSIA — 0.0% | ||
| 34,600 | Sberbank of Russia PJSC - ADR*,1 | — |
| SWEDEN — 3.5% | ||
| 9,300 | Atlas Copco A.B. - A Shares | 157,085 |
| 6,120 | Sandvik A.B. | 135,905 |
| 292,990 | ||
| SWITZERLAND — 7.0% | ||
| 580 | Chubb Ltd. | 150,295 |
| 31,500 | Glencore PLC | 173,065 |
| 8,750 | UBS Group A.G. | 268,800 |
| 592,160 | ||
| TAIWAN — 4.0% | ||
| 2,500 | Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 340,125 |
| Number of Shares | Value | |
| COMMON STOCKS (Continued) | ||
| THAILAND — 1.1% | ||
| 500 | Fabrinet* | $94,510 |
| UNITED KINGDOM — 13.9% | ||
| 5,600 | 3i Group PLC | 198,541 |
| 1,910 | AstraZeneca PLC - ADR | 129,403 |
| 16,250 | Haleon PLC - ADR | 137,962 |
| 1,325 | London Stock Exchange Group PLC | 158,706 |
| 3,650 | RELX PLC - ADR | 158,008 |
| 72,000 | Rolls-Royce Holdings PLC* | 387,762 |
| 1,170,382 | ||
| UNITED STATES — 1.9% | ||
| 2,960 | Schlumberger N.V. | 162,238 |
| TOTAL COMMON STOCKS | ||
| (Cost $7,006,718) | 8,201,616 | |
| SHORT-TERM INVESTMENTS — 2.5% | ||
| 208,168 | Morgan Stanley Institutional Liquidity Treasury Portfolio - Institutional Class, 5.09%2 | 208,168 |
| TOTAL SHORT-TERM INVESTMENTS | ||
| (Cost $208,168) | 208,168 | |
| TOTAL INVESTMENTS — 100.1% | ||
| (Cost $7,214,886) | 8,409,784 | |
| Liabilities in Excess of Other Assets — (0.1)% | (10,108) | |
| TOTAL NET ASSETS — 100.0% | $8,399,676 |
| ADR – American Depository Receipt |
| GDR – Global Depository Receipt |
| PJSC – Public Joint Stock Company |
| PLC – Public Limited Company |
| * | Non-income producing security. |
| 1 | Level 3 securities fair valued under procedures established by the Board of Trustees, represents 0.00% of Total Net Assets. The total value of these securities is $0. |
| 2 | The rate is the annualized seven-day yield at period end. |