Quarterly Holdings Report
for
Fidelity® Series Global ex U.S. Index Fund
January 31, 2026
SGX-NPRT1-0426
1.899284.116
Common Stocks - 99.3%
 
 
Shares
Value ($)
 
AUSTRALIA - 4.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telstra Group Ltd
 
7,333,977
24,922,233
Interactive Media & Services - 0.1%
 
 
 
CAR Group Ltd
 
687,086
13,205,285
REA Group Ltd
 
98,772
13,050,982
 
 
 
26,256,267
TOTAL COMMUNICATION SERVICES
 
 
51,178,500
Consumer Discretionary - 0.3%
 
 
 
Broadline Retail - 0.2%
 
 
 
Wesfarmers Ltd
 
2,093,154
120,746,885
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Aristocrat Leisure Ltd
 
1,020,825
38,073,206
Lottery Corp/The
 
4,134,818
14,828,294
 
 
 
52,901,500
TOTAL CONSUMER DISCRETIONARY
 
 
173,648,385
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Coles Group Ltd
 
2,472,903
36,644,288
Woolworths Group Ltd
 
2,252,540
48,531,130
TOTAL CONSUMER STAPLES
 
 
85,175,418
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Santos Ltd
 
5,976,008
29,171,366
Woodside Energy Group Ltd
 
3,502,828
61,847,699
TOTAL ENERGY
 
 
91,019,065
Financials - 1.6%
 
 
 
Banks - 1.2%
 
 
 
ANZ Group Holdings Ltd
 
5,508,702
140,143,308
Commonwealth Bank of Australia
 
3,087,140
321,083,665
National Australia Bank Ltd
 
5,651,556
169,769,474
Westpac Banking Corp
 
6,310,289
170,581,670
 
 
 
801,578,117
Capital Markets - 0.2%
 
 
 
ASX Ltd
 
363,937
14,516,329
Macquarie Group Ltd
 
667,876
98,679,710
 
 
 
113,196,039
Financial Services - 0.0%
 
 
 
Washington H Soul Pattinson & Co Ltd
 
626,850
16,844,805
Insurance - 0.2%
 
 
 
Insurance Australia Group Ltd
 
4,347,574
23,008,492
Medibank Pvt Ltd
 
5,058,294
16,273,225
QBE Insurance Group Ltd
 
2,782,887
38,141,623
Suncorp Group Ltd
 
1,988,141
23,535,514
 
 
 
100,958,854
TOTAL FINANCIALS
 
 
1,032,577,815
Health Care - 0.3%
 
 
 
Biotechnology - 0.2%
 
 
 
CSL Ltd
 
894,948
112,772,250
Health Care Equipment & Supplies - 0.0%
 
 
 
Cochlear Ltd
 
120,351
22,552,307
Health Care Providers & Services - 0.1%
 
 
 
Sigma Healthcare Ltd
 
9,574,432
20,601,511
Sonic Healthcare Ltd
 
863,554
13,809,795
 
 
 
34,411,306
Health Care Technology - 0.0%
 
 
 
Pro Medicus Ltd
 
107,208
13,745,348
TOTAL HEALTH CARE
 
 
183,481,211
Industrials - 0.2%
 
 
 
Commercial Services & Supplies - 0.1%
 
 
 
Brambles Ltd
 
2,512,431
39,189,502
Passenger Airlines - 0.0%
 
 
 
Qantas Airways Ltd
 
1,370,056
9,607,168
Professional Services - 0.0%
 
 
 
Computershare Ltd
 
956,093
21,777,512
Trading Companies & Distributors - 0.0%
 
 
 
SGH Ltd
 
372,174
12,030,363
Transportation Infrastructure - 0.1%
 
 
 
Transurban Group unit
 
5,737,597
55,735,491
TOTAL INDUSTRIALS
 
 
138,340,036
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
WiseTech Global Ltd
 
370,138
14,949,245
Materials - 1.5%
 
 
 
Metals & Mining - 1.5%
 
 
 
Anglogold Ashanti Plc (South Africa)
 
928,887
83,736,947
BHP Group Ltd
 
9,370,385
322,738,216
Evolution Mining Ltd
 
3,743,324
38,344,023
Fortescue Ltd
 
3,121,606
45,648,337
Glencore PLC
 
18,541,994
126,407,382
Lynas Rare Earths Ltd (b)
 
1,669,342
16,803,811
Northern Star Resources Ltd
 
2,504,740
50,476,445
Rio Tinto Ltd (c)
 
684,453
72,231,586
Rio Tinto PLC
 
2,082,401
189,986,469
South32 Ltd
 
8,283,699
26,241,661
TOTAL MATERIALS
 
 
972,614,877
Real Estate - 0.2%
 
 
 
Diversified REITs - 0.0%
 
 
 
Stockland unit
 
4,507,770
16,919,132
Industrial REITs - 0.1%
 
 
 
Goodman Group unit
 
3,768,516
80,641,854
Retail REITs - 0.1%
 
 
 
Scentre Group unit
 
9,589,063
27,243,564
Vicinity Ltd unit (c)
 
7,288,718
12,485,727
 
 
 
39,729,291
TOTAL REAL ESTATE
 
 
137,290,277
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Origin Energy Ltd
 
3,173,052
26,072,746
Gas Utilities - 0.0%
 
 
 
Apa Group unit
 
2,456,015
15,152,780
TOTAL UTILITIES
 
 
41,225,526
TOTAL AUSTRALIA
 
 
2,921,500,355
AUSTRIA - 0.2%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
OMV AG
 
274,667
16,295,105
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Erste Group Bank AG
 
567,447
73,652,252
Raiffeisen Bank International AG
 
243,580
12,322,892
TOTAL FINANCIALS
 
 
85,975,144
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Verbund AG Class A
 
127,550
9,366,307
TOTAL AUSTRIA
 
 
111,636,556
BELGIUM - 0.5%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Distributors - 0.0%
 
 
 
D'ieteren Group
 
39,268
8,978,785
Consumer Staples - 0.2%
 
 
 
Beverages - 0.2%
 
 
 
Anheuser-Busch InBev SA/NV
 
1,823,343
131,249,805
Food Products - 0.0%
 
 
 
Lotus Bakeries NV
 
760
8,918,573
TOTAL CONSUMER STAPLES
 
 
140,168,378
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
KBC Group NV
 
424,333
59,804,694
Financial Services - 0.0%
 
 
 
Groupe Bruxelles Lambert NV
 
148,948
14,106,785
Sofina SA
 
30,075
8,769,753
 
 
 
22,876,538
Insurance - 0.0%
 
 
 
Ageas SA/NV
 
277,539
19,722,402
TOTAL FINANCIALS
 
 
102,403,634
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Financiere de Tubize SA
 
37,087
9,429,651
UCB SA
 
233,183
70,593,446
TOTAL HEALTH CARE
 
 
80,023,097
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Syensqo SA
 
135,334
11,392,898
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Elia Group SA/NV
 
81,861
11,867,250
TOTAL BELGIUM
 
 
354,834,042
BRAZIL - 1.6%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telefonica Brasil SA
 
1,495,740
10,623,868
Wireless Telecommunication Services - 0.0%
 
 
 
TIM SA/Brazil
 
1,561,500
7,275,280
TOTAL COMMUNICATION SERVICES
 
 
17,899,148
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Ultrapar Participacoes SA
 
1,341,200
6,468,036
Vibra Energia SA
 
2,024,972
11,066,115
TOTAL CONSUMER DISCRETIONARY
 
 
17,534,151
Consumer Staples - 0.1%
 
 
 
Beverages - 0.1%
 
 
 
Ambev SA
 
8,662,330
24,442,659
Ambev SA ADR (c)
 
42,444
117,994
 
 
 
24,560,653
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Raia Drogasil SA
 
2,437,028
11,345,245
Food Products - 0.0%
 
 
 
MBRF Global Foods Co SA
 
1,201,299
4,261,698
TOTAL CONSUMER STAPLES
 
 
40,167,596
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Petroleo Brasileiro SA - Petrobras
 
6,681,811
51,280,860
Petroleo Brasileiro SA - Petrobras (PN)
 
8,040,340
57,689,087
Petroleo Brasileiro SA - Petrobras ADR (PN)
 
339,512
4,875,392
PRIO SA/Brazil (b)
 
1,581,900
15,326,793
TOTAL ENERGY
 
 
129,172,132
Financials - 0.6%
 
 
 
Banks - 0.5%
 
 
 
Banco Bradesco SA
 
2,263,038
7,877,793
Banco Bradesco SA (PN)
 
10,148,534
41,093,584
Banco Bradesco SA ADR
 
176,383
714,351
Banco do Brasil SA
 
3,149,200
15,091,506
Itau Unibanco Holding SA
 
9,794,843
84,682,981
Itau Unibanco Holding SA ADR
 
346,518
2,976,589
Itausa SA
 
10,820,101
28,084,667
NU Holdings Ltd/Cayman Islands Class A (b)
 
6,253,581
111,001,063
 
 
 
291,522,534
Capital Markets - 0.1%
 
 
 
B3 SA - Brasil Bolsa Balcao
 
9,686,775
29,726,173
Banco BTG Pactual SA unit
 
2,204,900
25,116,860
XP Inc Class A
 
737,625
14,391,064
 
 
 
69,234,097
Financial Services - 0.0%
 
 
 
StoneCo Ltd Class A (b)
 
413,562
6,674,890
Insurance - 0.0%
 
 
 
BB Seguridade Participacoes SA
 
1,309,400
9,282,925
Caixa Seguridade Participacoes S/A
 
1,105,100
3,634,845
Porto Seguro SA
 
367,300
3,506,371
 
 
 
16,424,141
TOTAL FINANCIALS
 
 
383,855,662
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Rede D'Or Sao Luiz SA (d)(e)
 
1,502,511
12,102,312
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Embraer SA
 
1,294,800
23,852,712
Electrical Equipment - 0.1%
 
 
 
WEG SA
 
3,091,532
30,382,222
Ground Transportation - 0.0%
 
 
 
Localiza Rent a Car SA
 
1,717,238
15,789,682
Rumo SA
 
2,431,000
6,818,024
 
 
 
22,607,706
Transportation Infrastructure - 0.0%
 
 
 
Motiva Infraestrutura de Mobilidade SA
 
1,876,200
5,975,034
TOTAL INDUSTRIALS
 
 
82,817,674
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
TOTVS SA
 
983,200
8,326,678
Materials - 0.4%
 
 
 
Chemicals - 0.0%
 
 
 
Yara International ASA
 
310,150
14,273,244
Containers & Packaging - 0.0%
 
 
 
Klabin SA unit
 
1,535,775
5,591,269
Metals & Mining - 0.4%
 
 
 
Gerdau SA
 
2,367,238
10,084,741
Vale SA
 
6,691,447
107,210,643
Vale SA ADR
 
6,628
106,512
Wheaton Precious Metals Corp (c)
 
837,303
110,310,128
 
 
 
227,712,024
Paper & Forest Products - 0.0%
 
 
 
Suzano SA
 
1,294,895
12,137,603
TOTAL MATERIALS
 
 
259,714,140
Utilities - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Axia Energia
 
2,221,230
22,947,751
Axia Energia Series B
 
501,442
5,508,216
Axia Energia Series C
 
613,657
6,156,684
Cia Energetica de Minas Gerais
 
3,169,480
6,913,806
Cia Paranaense de Energia - Copel
 
1,933,100
4,841,244
CPFL Energia SA
 
433,500
4,238,831
Energisa S/A unit
 
537,890
5,213,580
Equatorial SA
 
2,168,485
16,860,844
 
 
 
72,680,956
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Eneva SA (b)
 
1,833,700
7,358,842
Engie Brasil Energia SA
 
537,250
3,345,338
 
 
 
10,704,180
Water Utilities - 0.0%
 
 
 
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
 
906,537
24,325,905
TOTAL UTILITIES
 
 
107,711,041
TOTAL BRAZIL
 
 
1,059,300,534
CANADA - 7.7%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BCE Inc (c)
 
134,485
3,476,570
TELUS Corp
 
931,882
13,003,164
 
 
 
16,479,734
Wireless Telecommunication Services - 0.1%
 
 
 
Rogers Communications Inc Class B
 
672,362
25,380,536
TOTAL COMMUNICATION SERVICES
 
 
41,860,270
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Magna International Inc
 
492,278
25,166,138
Broadline Retail - 0.2%
 
 
 
Canadian Tire Corp Ltd Class A (c)
 
93,168
11,462,199
Dollarama Inc (c)
 
505,584
68,134,002
 
 
 
79,596,201
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Restaurant Brands International Inc (c)
 
524,338
35,130,434
Restaurant Brands International Inc (United States)
 
49,150
3,292,559
 
 
 
38,422,993
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Gildan Activewear Inc (c)
 
323,279
21,004,291
TOTAL CONSUMER DISCRETIONARY
 
 
164,189,623
Consumer Staples - 0.3%
 
 
 
Consumer Staples Distribution & Retail - 0.3%
 
 
 
Alimentation Couche-Tard Inc (c)
 
1,377,437
71,661,322
Empire Co Ltd Class A
 
234,184
7,649,913
George Weston Ltd
 
319,393
22,276,468
Loblaw Cos Ltd
 
1,100,159
49,503,721
Metro Inc/CN (c)
 
375,273
24,911,634
 
 
 
176,003,058
Food Products - 0.0%
 
 
 
Saputo Inc (c)
 
458,739
13,839,825
TOTAL CONSUMER STAPLES
 
 
189,842,883
Energy - 1.4%
 
 
 
Oil, Gas & Consumable Fuels - 1.4%
 
 
 
ARC Resources Ltd
 
1,067,209
19,805,656
Cameco Corp (c)
 
803,112
99,329,557
Canadian Natural Resources Ltd
 
3,851,643
143,214,986
Cenovus Energy Inc (c)
 
2,611,029
51,524,510
Enbridge Inc (c)
 
4,023,292
196,400,117
Imperial Oil Ltd (c)
 
320,380
32,368,580
Keyera Corp
 
429,516
14,544,841
Pembina Pipeline Corp (c)
 
1,069,337
44,433,656
Suncor Energy Inc
 
2,229,267
117,827,890
TC Energy Corp
 
1,917,898
112,455,459
Tourmaline Oil Corp (c)
 
675,216
31,954,554
Whitecap Resources Inc (c)
 
2,224,911
20,294,051
TOTAL ENERGY
 
 
884,153,857
Financials - 3.0%
 
 
 
Banks - 2.0%
 
 
 
Bank of Montreal (c)
 
1,319,401
179,618,377
Bank of Nova Scotia/The
 
2,290,852
171,269,220
Canadian Imperial Bank of Commerce (c)
 
1,715,984
158,586,587
National Bank of Canada (c)
 
723,721
86,236,355
Royal Bank of Canada
 
2,594,070
431,922,705
Toronto Dominion Bank
 
3,140,445
293,506,430
 
 
 
1,321,139,674
Capital Markets - 0.4%
 
 
 
Brookfield Asset Management Ltd Class A
 
754,664
37,493,497
Brookfield Corp Class A
 
3,801,291
173,279,574
IGM Financial Inc
 
156,487
7,568,929
TMX Group Ltd
 
511,018
18,865,990
 
 
 
237,207,990
Insurance - 0.6%
 
 
 
Fairfax Financial Holdings Ltd Subordinate Voting Shares
 
38,427
63,416,050
Great-West Lifeco Inc
 
514,173
24,068,877
iA Financial Corp Inc
 
169,864
20,871,697
Intact Financial Corp
 
327,708
59,664,444
Manulife Financial Corp
 
3,128,234
119,165,349
Power Corp of Canada Subordinate Voting Shares (c)
 
1,025,787
51,731,938
Sun Life Financial Inc
 
1,034,391
65,178,826
 
 
 
404,097,181
TOTAL FINANCIALS
 
 
1,962,444,845
Industrials - 0.7%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bombardier Inc Class B (b)
 
162,299
27,725,458
CAE Inc (b)
 
566,824
18,166,342
 
 
 
45,891,800
Commercial Services & Supplies - 0.1%
 
 
 
Element Fleet Management Corp
 
735,925
18,646,063
RB Global Inc (c)
 
341,942
38,813,613
 
 
 
57,459,676
Construction & Engineering - 0.1%
 
 
 
AtkinsRealis Group Inc
 
304,926
21,399,573
Stantec Inc
 
209,564
20,767,867
WSP Global Inc
 
240,814
46,553,424
 
 
 
88,720,864
Ground Transportation - 0.4%
 
 
 
Canadian National Railway Co (c)
 
968,043
93,125,218
Canadian Pacific Kansas City Ltd
 
1,670,082
124,147,689
TFI International Inc (c)
 
145,360
15,621,142
 
 
 
232,894,049
Professional Services - 0.0%
 
 
 
Thomson Reuters Corp (c)
 
289,219
31,956,082
Trading Companies & Distributors - 0.0%
 
 
 
Toromont Industries Ltd
 
151,524
19,301,463
TOTAL INDUSTRIALS
 
 
476,223,934
Information Technology - 0.7%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Celestica Inc (b)
 
212,137
59,611,486
IT Services - 0.5%
 
 
 
CGI Inc Class A
 
359,745
30,831,889
Shopify Inc Class A (b)
 
2,254,228
295,790,340
 
 
 
326,622,229
Software - 0.1%
 
 
 
Constellation Software Inc/Canada
 
37,102
68,472,693
Constellation Software Inc/Canada warrants 3/31/2040 (b)(f)
 
30,824
2
Descartes Systems Group Inc/The (b)
 
157,190
11,739,178
Open Text Corp (c)
 
470,111
12,007,829
 
 
 
92,219,702
TOTAL INFORMATION TECHNOLOGY
 
 
478,453,417
Materials - 1.0%
 
 
 
Chemicals - 0.1%
 
 
 
Nutrien Ltd
 
894,326
61,574,606
Containers & Packaging - 0.0%
 
 
 
CCL Industries Inc Class B
 
273,487
16,481,727
Metals & Mining - 0.9%
 
 
 
Agnico Eagle Mines Ltd/CA
 
927,536
176,318,010
Alamos Gold Inc Class A (c)
 
774,434
28,698,960
Barrick Mining Corp
 
3,141,319
143,587,335
Franco-Nevada Corp (c)
 
355,434
83,201,288
Kinross Gold Corp
 
2,236,068
70,416,477
Lundin Gold Inc (c)
 
200,194
15,008,117
Pan American Silver Corp
 
777,893
42,383,786
Teck Resources Ltd Class B
 
842,829
45,234,784
 
 
 
604,848,757
TOTAL MATERIALS
 
 
682,905,090
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
FirstService Corp Subordinate Voting Shares
 
74,973
11,615,543
Utilities - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Emera Inc (c)
 
551,208
27,320,551
Fortis Inc/Canada
 
929,827
49,576,206
Hydro One Ltd (d)(e)
 
608,549
24,057,719
 
 
 
100,954,476
Gas Utilities - 0.0%
 
 
 
AltaGas Ltd
 
557,964
16,829,274
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Corp Class A
 
257,568
10,727,192
Multi-Utilities - 0.0%
 
 
 
Canadian Utilities Ltd Class A
 
242,639
7,853,046
TOTAL UTILITIES
 
 
136,363,988
TOTAL CANADA
 
 
5,028,053,450
CHILE - 0.3%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Falabella SA
 
1,172,026
9,099,052
Specialty Retail - 0.0%
 
 
 
Empresas Copec SA
 
709,845
6,051,915
TOTAL CONSUMER DISCRETIONARY
 
 
15,150,967
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Cencosud SA
 
2,334,220
7,813,412
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Banco de Chile
 
83,035,705
18,301,817
Banco de Credito e Inversiones SA
 
159,138
11,836,234
Banco Santander Chile
 
119,254,415
10,493,427
TOTAL FINANCIALS
 
 
40,631,478
Industrials - 0.0%
 
 
 
Passenger Airlines - 0.0%
 
 
 
Latam Airlines Group SA
 
588,527,308
19,093,816
Materials - 0.2%
 
 
 
Chemicals - 0.0%
 
 
 
Sociedad Quimica y Minera de Chile SA Class B (b)
 
265,683
20,583,797
Metals & Mining - 0.2%
 
 
 
Antofagasta PLC
 
727,241
36,301,986
Lundin Mining Corp
 
1,263,008
31,861,583
 
 
 
68,163,569
Paper & Forest Products - 0.0%
 
 
 
Empresas Cmpc SA
 
2,211,978
3,313,550
TOTAL MATERIALS
 
 
92,060,916
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Plaza SA
 
1,424,580
6,195,031
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Enel Americas SA
 
37,872,895
3,576,087
Enel Chile SA
 
52,149,971
4,425,255
TOTAL UTILITIES
 
 
8,001,342
TOTAL CHILE
 
 
188,946,962
CHINA - 8.7%
 
 
 
Communication Services - 1.9%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
China Tower Corp Ltd H Shares (d)(e)
 
8,034,600
11,580,701
Entertainment - 0.2%
 
 
 
37 Interactive Entertainment Network Technology Group Co Ltd A Shares (China)
 
234,000
892,679
Beijing Enlight Media Co Ltd A Shares (China)
 
320,700
902,347
China Ruyi Holdings Ltd (b)(c)
 
21,268,000
5,880,478
Giant Network Group Co Ltd A Shares (China)
 
216,100
1,367,149
Kingnet Network Co Ltd A Shares (China)
 
238,400
854,595
Kingsoft Corp Ltd
 
1,950,400
7,519,879
Mango Excellent Media Co Ltd A Shares (China)
 
198,494
727,247
NetEase Cloud Music Inc (b)(d)(e)
 
160,600
3,710,692
Netease Inc
 
3,208,135
83,187,212
Tencent Music Entertainment Group Class A ADR
 
1,053,367
17,675,498
 
 
 
122,717,776
Interactive Media & Services - 1.7%
 
 
 
Autohome Inc Class A ADR
 
116,340
2,564,134
Baidu Inc A Shares (b)
 
4,102,948
78,643,494
Bilibili Inc Z Shares (b)
 
463,684
15,885,731
Kuaishou Technology B Shares (d)(e)
 
4,644,000
47,646,164
Kunlun Tech Co Ltd A Shares (China) (b)
 
133,900
1,074,783
Meitu Inc (d)(e)
 
6,784,000
6,704,021
Tencent Holdings Ltd
 
11,819,100
908,437,395
 
 
 
1,060,955,722
Media - 0.0%
 
 
 
China Literature Ltd (b)(d)(e)
 
754,800
3,458,973
Focus Media Information Technology Co Ltd A Shares (China)
 
1,657,140
1,716,317
 
 
 
5,175,290
Wireless Telecommunication Services - 0.0%
 
 
 
China United Network Communications Ltd A Shares (China)
 
3,474,900
2,554,283
TOTAL COMMUNICATION SERVICES
 
 
1,202,983,772
Consumer Discretionary - 2.6%
 
 
 
Automobile Components - 0.0%
 
 
 
Changzhou Xingyu Automotive Lighting Systems Co Ltd A Shares (China)
 
27,800
551,861
Fuyao Glass Industry Group Co Ltd A Shares (China)
 
232,000
2,060,442
Fuyao Glass Industry Group Co Ltd H Shares (d)(e)
 
1,124,400
9,621,760
Huayu Automotive Systems Co Ltd A Shares (China)
 
314,300
869,420
Huizhou Desay Sv Automotive Co Ltd A Shares (China)
 
66,200
1,164,636
Ningbo Tuopu Group Co Ltd A Shares (China)
 
191,325
1,986,527
Sailun Group Co Ltd A Shares (China)
 
337,300
769,044
Zhejiang Wanfeng Auto Wheel Co Ltd A Shares (China)
 
244,900
542,167
 
 
 
17,565,857
Automobiles - 0.3%
 
 
 
Anhui Jianghuai Automobile Group Corp Ltd A Shares (China) (b)
 
241,500
1,900,248
BAIC BluePark New Energy Technology Co Ltd A Shares (China) (b)
 
573,300
663,871
BYD Co Ltd A Shares (China)
 
593,160
7,755,214
BYD Co Ltd H Shares
 
6,790,700
84,658,745
Chongqing Afari Technology Co Ltd A Shares (China) (b)
 
501,400
764,533
Chongqing Changan Automobile Co Ltd A Shares (China)
 
860,764
1,376,876
Dongfeng Motor Group Co Ltd H Shares (b)
 
4,160,000
4,813,866
Geely Automobile Holdings Ltd
 
11,129,000
22,921,572
Great Wall Motor Co Ltd A Shares (China)
 
160,400
477,387
Great Wall Motor Co Ltd H Shares
 
4,411,500
7,482,287
Guangzhou Automobile Group Co Ltd A Shares (China)
 
390,800
445,231
Guangzhou Automobile Group Co Ltd H Shares (c)
 
847,526
398,154
Li Auto Inc A Shares (b)
 
2,288,218
19,122,560
NIO Inc A Shares (b)
 
3,407,979
16,247,165
SAIC Motor Corp Ltd A Shares (China)
 
828,300
1,684,779
Seres Group Co Ltd A Shares (China)
 
181,400
2,716,140
XPeng Inc A Shares (b)
 
2,297,264
20,679,050
Yadea Group Holdings Ltd (d)(e)
 
2,436,826
3,443,704
Zhejiang Leapmotor Technology Co Ltd H Shares (b)(d)(e)
 
969,400
5,263,879
 
 
 
202,815,261
Broadline Retail - 1.6%
 
 
 
Alibaba Group Holding Ltd
 
31,690,124
674,162,603
CCOOP Group Co Ltd A Shares (China) (b)
 
2,011,000
702,950
JD.com Inc A Shares
 
4,394,549
62,669,085
MINISO Group Holding Ltd A Shares
 
922,184
4,282,271
PDD Holdings Inc Class A ADR (b)
 
1,308,406
132,214,426
Prosus NV Class N
 
2,413,172
138,760,461
Vipshop Holdings Ltd Class A ADR
 
580,555
9,933,296
 
 
 
1,022,725,092
Distributors - 0.0%
 
 
 
Zhejiang China Commodities City Group Co Ltd A Shares (China)
 
608,700
1,408,851
Diversified Consumer Services - 0.0%
 
 
 
New Oriental Education & Technology Group Inc
 
2,511,030
15,310,071
TAL Education Group Class A ADR (b)
 
774,010
9,829,927
 
 
 
25,139,998
Hotels, Restaurants & Leisure - 0.4%
 
 
 
H World Group Ltd ADR
 
366,640
17,419,066
Haidilao International Holding Ltd (c)(d)(e)
 
3,183,000
6,510,969
Meituan B Shares (b)(d)(e)
 
9,176,600
113,445,567
Tongcheng Travel Holdings Ltd (d)
 
2,380,800
7,082,576
Trip.com Group Ltd
 
1,144,543
70,247,070
Yum China Holdings Inc (Hong Kong)
 
680,199
33,870,203
 
 
 
248,575,451
Household Durables - 0.1%
 
 
 
Beijing Roborock Technology Co Ltd A Shares (China)
 
28,235
579,220
Ecovacs Robotics Co Ltd A Shares (China)
 
63,600
657,065
Gree Electric Appliances Inc of Zhuhai A Shares (China)
 
315,900
1,758,597
Haier Smart Home Co Ltd A Shares (China)
 
738,300
2,666,769
Haier Smart Home Co Ltd H Shares
 
4,486,800
14,817,968
Midea Group Co Ltd A Shares (China)
 
442,200
4,935,490
Midea Group Co Ltd H Shares
 
710,000
7,784,271
Sichuan Changhong Electric Co Ltd A Shares (China)
 
519,800
729,780
 
 
 
33,929,160
Specialty Retail - 0.1%
 
 
 
China Tourism Group Duty Free Corp Ltd A Shares (China)
 
219,400
2,820,552
Chow Tai Fook Jewellery Group Ltd (c)
 
3,715,000
6,847,839
Pop Mart International Group Ltd (d)(e)
 
989,000
28,307,421
 
 
 
37,975,812
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
ANTA Sports Products Ltd
 
2,313,600
23,174,205
Bosideng International Holdings Ltd
 
8,846,000
5,401,290
Laopu Gold Co Ltd H Shares (c)
 
51,900
5,168,674
Li Ning Co Ltd
 
4,344,500
11,367,184
Shenzhou International Group Holdings Ltd
 
1,539,800
12,279,610
 
 
 
57,390,963
TOTAL CONSUMER DISCRETIONARY
 
 
1,647,526,445
Consumer Staples - 0.3%
 
 
 
Beverages - 0.2%
 
 
 
Anhui Gujing Distillery Co Ltd A Shares (China)
 
74,200
1,410,192
Anhui Gujing Distillery Co Ltd B Shares
 
173,900
1,811,992
Beijing Yanjing Brewery Co Ltd A Shares (China)
 
274,500
478,181
China Resources Beer Holdings Co Ltd
 
3,048,489
10,231,741
Eastroc Beverage Group Co Ltd A Shares (China)
 
57,640
2,074,020
Jiangsu King's Luck Brewery JSC Ltd A Shares (China)
 
128,700
620,196
Jiangsu Yanghe Distillery Co Ltd A Shares (China)
 
179,000
1,424,430
Kweichow Moutai Co Ltd A Shares (China)
 
138,900
27,992,794
Luzhou Laojiao Co Ltd A Shares (China)
 
166,700
2,899,130
Nongfu Spring Co Ltd H Shares (d)(e)
 
3,695,200
22,676,091
Shanxi Xinghuacun Fen Wine Factory Co Ltd A Shares (China)
 
135,760
3,339,636
Tsingtao Brewery Co Ltd A Shares (China)
 
143,900
1,243,645
Tsingtao Brewery Co Ltd H Shares
 
1,090,000
6,903,803
Wuliangye Yibin Co Ltd A Shares (China)
 
429,400
6,485,705
 
 
 
89,591,556
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Alibaba Health Information Technology Ltd (b)
 
10,416,000
8,693,222
JD Health International Inc (b)(d)(e)
 
2,084,800
16,879,405
Yonghui Superstores Co Ltd A Shares (China) (b)
 
1,003,300
635,023
 
 
 
26,207,650
Food Products - 0.1%
 
 
 
Angel Yeast Co Ltd A Shares (China)
 
78,600
473,176
China Feihe Ltd (d)(e)
 
6,677,000
3,316,235
China Mengniu Dairy Co Ltd
 
5,844,000
12,193,546
Foshan Haitian Flavouring & Food Co Ltd A Shares (China)
 
526,903
2,675,539
Guangdong Haid Group Co Ltd A Shares (China)
 
189,000
1,400,423
Henan Shuanghui Investment & Development Co Ltd A Shares (China)
 
376,800
1,391,912
Inner Mongolia Yili Industrial Group Co Ltd A Shares (China)
 
715,700
2,711,769
Muyuan Foods Co Ltd A Shares (China)
 
609,170
4,030,902
New Hope Liuhe Co Ltd A Shares (China)
 
453,400
589,598
Tingyi Cayman Islands Holding Corp
 
3,744,000
5,683,983
Want Want China Holdings Ltd
 
8,700,000
5,256,461
Wens Foodstuff Group Co Ltd A Shares (China)
 
771,520
1,731,321
Wilmar International Ltd (c)
 
3,575,380
9,527,976
 
 
 
50,982,841
Personal Care Products - 0.0%
 
 
 
Giant Biogene Holding Co ltd (c)(d)(e)
 
692,800
2,947,821
Hengan International Group Co Ltd
 
1,170,500
4,240,236
 
 
 
7,188,057
Tobacco - 0.0%
 
 
 
Smoore International Holdings Ltd (c)(d)(e)
 
3,472,000
5,031,047
TOTAL CONSUMER STAPLES
 
 
179,001,151
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
China Oilfield Services Ltd H Shares
 
3,380,000
3,707,915
Yantai Jereh Oilfield Services Group Co Ltd A Shares (China)
 
107,200
1,360,866
 
 
 
5,068,781
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
China Coal Energy Co Ltd H Shares
 
3,457,000
5,057,988
China Merchants Energy Shipping Co Ltd A Shares (China)
 
899,100
1,469,238
China Petroleum & Chemical Corp A Shares (China)
 
2,586,800
2,422,421
China Petroleum & Chemical Corp H Shares
 
43,107,800
29,687,276
China Shenhua Energy Co Ltd A Shares (China)
 
494,700
2,983,820
China Shenhua Energy Co Ltd H Shares
 
6,439,000
35,458,555
COSCO SHIPPING Energy Transportation Co Ltd A Shares (China)
 
394,666
897,000
COSCO SHIPPING Energy Transportation Co Ltd H Shares (c)
 
70,000
125,984
Guanghui Energy Co Ltd A Shares (China)
 
667,700
538,828
Inner Mongolia Dian Tou Energy Corp Ltd A Shares (China)
 
224,600
934,359
Inner Mongolia Yitai Coal Co Ltd B Shares
 
1,720,130
3,440,260
PetroChina Co Ltd A Shares (China)
 
2,323,400
3,683,083
PetroChina Co Ltd H Shares
 
38,948,000
46,266,362
Shaanxi Coal Industry Co Ltd A Shares (China)
 
1,060,400
3,398,527
Shanxi Coking Coal Energy Group Co Ltd A Shares (China)
 
574,180
603,770
Shanxi Lu'an Environmental Energy Development Co Ltd A Shares (China)
 
322,800
632,900
Yankuang Energy Group Co Ltd A Shares (China)
 
196,700
414,239
Yankuang Energy Group Co Ltd H Shares (c)
 
6,788,100
9,914,392
 
 
 
147,929,002
TOTAL ENERGY
 
 
152,997,783
Financials - 1.6%
 
 
 
Banks - 1.0%
 
 
 
Agricultural Bank of China Ltd A Shares (China)
 
9,218,300
8,910,990
Agricultural Bank of China Ltd H Shares
 
51,278,000
35,904,643
Bank of Beijing Co Ltd A Shares (China)
 
2,303,700
1,756,336
Bank of Changsha Co Ltd A Shares (China)
 
484,900
680,782
Bank of Chengdu Co Ltd A Shares (China)
 
503,300
1,167,072
Bank of China Ltd A Shares (China)
 
7,818,500
6,039,536
Bank of China Ltd H Shares
 
126,635,024
75,701,228
Bank of Communications Co Ltd A Shares (China)
 
5,606,700
5,339,138
Bank of Communications Co Ltd H Shares
 
16,309,200
14,029,240
Bank of Hangzhou Co Ltd A Shares (China)
 
782,731
1,819,532
Bank of Jiangsu Co Ltd A Shares (China)
 
2,064,860
3,008,887
Bank of Nanjing Co Ltd A Shares (China)
 
1,363,200
2,064,875
Bank of Ningbo Co Ltd A Shares (China)
 
746,210
3,322,214
Bank of Shanghai Co Ltd A Shares (China)
 
1,601,400
2,128,520
Bank of Suzhou Co Ltd A Shares (China)
 
496,700
588,031
BOC Hong Kong Holdings Ltd
 
6,811,951
35,960,223
China CITIC Bank Corp Ltd A Shares (China)
 
1,828,000
1,890,649
China CITIC Bank Corp Ltd H Shares
 
14,531,293
13,541,534
China Construction Bank Corp A Shares (China)
 
10,203,200
12,798,490
China Construction Bank Corp H Shares
 
168,023,649
169,658,582
China Everbright Bank Co Ltd A Shares (China)
 
2,525,600
1,206,170
China Everbright Bank Co Ltd H Shares
 
2,353,000
981,910
China Merchants Bank Co Ltd A Shares (China)
 
1,915,800
10,656,883
China Merchants Bank Co Ltd H Shares (c)
 
7,493,691
45,909,301
China Minsheng Banking Corp Ltd A Shares (China)
 
3,984,600
2,149,423
China Minsheng Banking Corp Ltd H Shares
 
12,439,832
6,194,358
China Zheshang Bank Co Ltd A Shares (China)
 
2,191,220
917,244
Chongqing Rural Commercial Bank Co Ltd A Shares (China)
 
1,782,200
1,661,259
Chongqing Rural Commercial Bank Co Ltd H Shares
 
3,290,000
2,455,255
CNPC Capital Co Ltd A Shares (China)
 
939,800
1,215,349
Huaxia Bank Co Ltd A Shares (China)
 
1,423,964
1,298,656
Industrial & Commercial Bank of China Ltd A Shares (China)
 
8,394,300
8,754,439
Industrial & Commercial Bank of China Ltd H Shares
 
118,304,008
98,282,538
Industrial Bank Co Ltd A Shares (China)
 
2,332,700
6,274,893
Ping An Bank Co Ltd A Shares (China)
 
2,220,200
3,458,808
Postal Savings Bank of China Co Ltd A Shares (China)
 
3,893,500
2,833,978
Postal Savings Bank of China Co Ltd H Shares (d)(e)
 
16,061,000
10,485,158
Shanghai Pudong Development Bank Co Ltd A Shares (China)
 
3,534,000
5,103,946
Shanghai Rural Commercial Bank Co Ltd A Shares (China)
 
1,089,200
1,345,881
 
 
 
607,495,951
Capital Markets - 0.2%
 
 
 
Beijing Compass Technology Development Co Ltd A Shares (China)
 
66,900
1,193,311
BOC International China Co Ltd A Shares (China)
 
306,800
600,647
Caitong Securities Co Ltd A Shares (China)
 
451,460
604,609
Capital Securities Co Ltd A Shares (China)
 
193,500
497,685
Changjiang Securities Co Ltd A Shares (China)
 
566,100
705,207
China CITIC Financial Asset Management Co Ltd H Shares (b)(d)(e)
 
26,128,000
2,943,209
China Galaxy Securities Co Ltd A Shares (China)
 
505,100
1,091,322
China Galaxy Securities Co Ltd H Shares
 
7,009,500
9,439,196
China Great Wall Securities Co Ltd A Shares (China)
 
442,600
627,124
China International Capital Corp Ltd A Shares (China)
 
368,000
1,827,891
China International Capital Corp Ltd H Shares (d)(e)
 
3,195,200
8,679,119
China Merchants Securities Co Ltd A Shares (China)
 
817,700
2,012,565
CITIC Securities Co Ltd A Shares (China)
 
478,205
1,931,599
CITIC Securities Co Ltd H Shares
 
3,765,275
14,093,092
CSC Financial Co Ltd A Shares (China)
 
459,000
1,587,938
Dongxing Securities Co Ltd A Shares (China)
 
327,900
655,635
East Money Information Co Ltd A Shares (China)
 
1,756,320
5,735,026
Everbright Securities Co Ltd A Shares (China)
 
393,500
948,691
Founder Securities Co Ltd A Shares (China)
 
857,200
969,194
GF Securities Co Ltd A Shares (China)
 
559,700
1,810,717
GF Securities Co Ltd H Shares
 
1,978,800
4,620,181
Guolian Minsheng Securities Co Ltd A Shares (China)
 
477,500
666,958
Guosen Securities Co Ltd A Shares (China)
 
757,100
1,365,704
Guotai Haitong Securities Co Ltd A Shares (China)
 
1,240,250
3,537,837
Guotai Haitong Securities Co Ltd H Shares (d)(e)
 
4,007,439
8,525,702
Guoyuan Securities Co Ltd A Shares (China)
 
410,900
493,547
Hithink RoyalFlush Information Network Co Ltd A Shares (China)
 
60,000
3,010,379
Huatai Securities Co Ltd A Shares (China)
 
413,900
1,367,015
Huatai Securities Co Ltd H Shares (d)(e)
 
3,161,000
7,542,279
Industrial Securities Co Ltd A Shares (China)
 
1,091,070
1,079,809
Orient Securities Co Ltd/China A Shares (China)
 
900,472
1,325,109
SDIC Capital Co Ltd A Shares (China)
 
648,300
717,147
Shenwan Hongyuan Group Co Ltd A Shares (China)
 
2,733,815
1,993,806
Sinolink Securities Co Ltd A Shares (China)
 
377,000
505,432
SooChow Securities Co Ltd A Shares (China)
 
612,925
843,772
Tianfeng Securities Co Ltd A Shares (China) (b)
 
1,122,100
666,634
Western Securities Co Ltd A Shares (China)
 
499,740
575,814
Zheshang Securities Co Ltd A Shares (China)
 
495,100
762,048
Zhongtai Securities Co Ltd A Shares (China)
 
938,800
862,938
 
 
 
98,415,888
Consumer Finance - 0.0%
 
 
 
Qfin Holdings Inc Class A ADR
 
185,279
2,881,088
Financial Services - 0.0%
 
 
 
Far East Horizon Ltd
 
4,435,000
4,433,808
Insurance - 0.4%
 
 
 
China Life Insurance Co Ltd A Shares (China)
 
567,000
4,055,272
China Life Insurance Co Ltd H Shares
 
13,351,000
59,610,461
China Pacific Insurance Group Co Ltd A Shares (China)
 
746,600
4,891,952
China Pacific Insurance Group Co Ltd H Shares
 
4,863,000
24,526,338
China Taiping Insurance Holdings Co Ltd
 
2,644,665
8,673,252
New China Life Insurance Co Ltd A Shares (China)
 
120,100
1,437,382
New China Life Insurance Co Ltd H Shares
 
1,879,500
15,289,388
People's Insurance Co Group of China Ltd/The A Shares (China)
 
3,782,500
5,011,231
People's Insurance Co Group of China Ltd/The H Shares
 
12,014,000
10,457,521
PICC Property & Casualty Co Ltd H Shares
 
12,680,001
26,278,365
Ping An Insurance Group Co of China Ltd A Shares (China)
 
1,654,677
15,888,041
Ping An Insurance Group Co of China Ltd H Shares
 
11,914,000
110,506,538
 
 
 
286,625,741
TOTAL FINANCIALS
 
 
999,852,476
Health Care - 0.3%
 
 
 
Biotechnology - 0.1%
 
 
 
3SBio Inc (d)(e)
 
3,390,500
10,112,345
Akeso Inc (b)(d)(e)
 
1,185,000
16,746,329
Beijing Tiantan Biological Products Corp Ltd A Shares (China)
 
219,080
524,714
Beijing Wantai Biological Pharmacy Enterprise Co Ltd A Shares (China) (b)
 
116,399
704,079
Chongqing Zhifei Biological Products Co Ltd A Shares (China) (b)
 
270,200
675,136
Imeik Technology Development Co Ltd A Shares (China)
 
33,920
681,791
Innovent Biologics Inc (b)(d)(e)
 
2,682,000
27,842,731
Remegen Co Ltd H Shares (b)(c)(d)(e)
 
349,000
3,761,575
Shanghai RAAS Blood Products Co Ltd A Shares (China)
 
696,600
631,291
Sichuan Kelun-Biotech Biopharmaceutical Co Ltd H Shares (b)(c)
 
91,000
4,838,827
 
 
 
66,518,818
Health Care Equipment & Supplies - 0.0%
 
 
 
APT Medical Inc A Shares (China)
 
13,808
460,813
Jiangsu Yuyue Medical Equipment & Supply Co Ltd A Shares (China)
 
139,000
797,799
Shandong Weigao Group Medical Polymer Co Ltd H Shares
 
4,568,000
2,923,670
Shanghai United Imaging Healthcare Co Ltd A Shares (China)
 
88,188
1,640,264
Shenzhen Mindray Bio-Medical Electronics Co Ltd A Shares (China)
 
135,400
3,686,238
Shenzhen New Industries Biomedical Engineering Co Ltd A Shares (China)
 
81,400
630,896
 
 
 
10,139,680
Health Care Providers & Services - 0.0%
 
 
 
Aier Eye Hospital Group Co Ltd A Shares (China)
 
1,047,501
1,668,046
Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd A Shares (China)
 
128,200
465,645
Huadong Medicine Co Ltd A Shares (China)
 
201,760
1,046,856
Shanghai Pharmaceuticals Holding Co Ltd A Shares (China)
 
167,200
416,091
Shanghai Pharmaceuticals Holding Co Ltd H Shares
 
292,500
445,559
Sinopharm Group Co Ltd H Shares
 
2,466,800
6,593,206
 
 
 
10,635,403
Life Sciences Tools & Services - 0.1%
 
 
 
Genscript Biotech Corp (b)
 
2,222,000
3,654,933
Hangzhou Tigermed Consulting Co Ltd A Shares (China)
 
37,207
337,240
Pharmaron Beijing Co Ltd A Shares (China)
 
40,325
172,165
Pharmaron Beijing Co Ltd H Shares (c)(d)(e)
 
167,100
442,343
Wuxi Apptec Co Ltd A Shares (China)
 
256,296
3,509,818
Wuxi Apptec Co Ltd H Shares (d)(e)
 
717,974
10,219,878
Wuxi Biologics Cayman Inc (b)(d)(e)
 
6,392,500
30,276,430
WuXi XDC Cayman Inc (b)
 
684,500
5,502,567
XtalPi Holdings Ltd (b)(c)
 
3,198,000
4,945,129
 
 
 
59,060,503
Pharmaceuticals - 0.1%
 
 
 
Beijing Tong Ren Tang Co Ltd A Shares (China)
 
173,700
757,591
Changchun High-Tech Industry Group Co Ltd A Shares (China)
 
44,800
618,020
China Resources Sanjiu Medical & Pharmaceutical Co Ltd A Shares (China)
 
174,239
704,550
CSPC Innovation Pharmaceutical Co Ltd A Shares (China)
 
156,540
875,277
CSPC Pharmaceutical Group Ltd
 
14,840,800
18,237,310
Haisco Pharmaceutical Group Co Ltd A Shares (China)
 
103,300
753,083
Hansoh Pharmaceutical Group Co Ltd (d)(e)
 
2,782,000
13,746,009
Jiangsu Hengrui Pharmaceuticals Co Ltd A Shares (China)
 
707,466
5,918,829
Kangmei Pharmaceutical Co Ltd rights (b)(f)
 
9,442
0
Shanghai Allist Pharmaceuticals Co Ltd A Shares (China)
 
49,857
707,002
Shanghai Fosun Pharmaceutical Group Co Ltd H Shares
 
276,500
722,742
Shenzhen Salubris Pharmaceuticals Co Ltd A Shares (China)
 
123,500
833,371
Sichuan Biokin Pharmaceutical Co Ltd A Shares (China) (b)
 
20,319
811,825
Sichuan Kelun Pharmaceutical Co Ltd A Shares (China)
 
175,400
780,901
Sino Biopharmaceutical Ltd
 
19,210,000
16,327,800
Yunnan Baiyao Group Co Ltd A Shares (China)
 
183,520
1,468,054
Zhangzhou Pientzehuang Pharmaceutical Co Ltd A Shares (China)
 
66,200
1,527,454
 
 
 
64,789,818
TOTAL HEALTH CARE
 
 
211,144,222
Industrials - 0.4%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
AECC Aviation Power Co Ltd A Shares (China)
 
298,852
1,991,702
AviChina Industry & Technology Co Ltd H Shares
 
5,139,000
2,729,977
Kuang-Chi Technologies Co Ltd A Shares (China) (b)
 
240,700
1,643,618
 
 
 
6,365,297
Air Freight & Logistics - 0.0%
 
 
 
J&T Global Express Ltd B Shares (b)
 
4,386,200
5,710,072
JD Logistics Inc (b)(d)(e)
 
3,764,900
5,392,818
SF Holding Co Ltd A Shares (China)
 
539,600
2,910,778
YTO Express Group Co Ltd A Shares (China)
 
393,100
954,511
ZTO Express Cayman Inc A Shares
 
780,181
17,226,521
 
 
 
32,194,700
Building Products - 0.0%
 
 
 
Beijing New Building Materials PLC A Shares (China)
 
196,200
787,425
Commercial Services & Supplies - 0.0%
 
 
 
Zhejiang Weiming Environment Protection Co Ltd A Shares (China)
 
208,520
826,071
Construction & Engineering - 0.0%
 
 
 
China Communications Services Corp Ltd H Shares
 
4,322,000
2,633,443
China Energy Engineering Corp Ltd A Shares (China)
 
3,958,600
1,383,738
China National Chemical Engineering Co Ltd A Shares (China)
 
620,300
794,141
China Railway Group Ltd A Shares (China)
 
3,730,100
3,058,448
China Railway Group Ltd H Shares
 
5,837,000
3,369,756
China State Construction Engineering Corp Ltd A Shares (China)
 
4,698,240
3,406,211
China State Construction International Holdings Ltd
 
2,519,750
3,025,468
Metallurgical Corp of China Ltd A Shares (China)
 
1,976,900
890,092
Power Construction Corp of China Ltd A Shares (China)
 
2,027,139
1,650,463
Sichuan Road and Bridge Group Co Ltd A Shares (China)
 
755,500
1,055,260
 
 
 
21,267,020
Electrical Equipment - 0.2%
 
 
 
China XD Electric Co Ltd A Shares (China)
 
533,500
1,112,777
CNGR Advanced Material Co Ltd A Shares (China)
 
100,020
788,017
Contemporary Amperex Technology Co Ltd A Shares (China)
 
503,760
25,362,822
Contemporary Amperex Technology Co Ltd H Shares (c)
 
128,900
8,043,041
Dongfang Electric Corp Ltd A Shares (China)
 
334,424
1,195,445
Eve Energy Co Ltd A Shares (China)
 
221,729
2,034,609
GEM Co Ltd A Shares (China)
 
584,000
752,708
Goldwind Science & Technology Co Ltd A Shares (China)
 
98,100
368,453
Goldwind Science & Technology Co Ltd H Shares
 
331,564
618,385
Goneo Group Co Ltd A Shares (China)
 
82,691
496,972
Gotion High-Tech Co Ltd A Shares (China)
 
204,900
1,119,445
Jiangsu Zhongtian Technology Co Ltd A Shares (China)
 
429,600
1,380,554
JL Mag Rare-Earth Co Ltd A Shares (China)
 
127,800
692,152
NARI Technology Co Ltd A Shares (China)
 
911,340
3,303,595
Ningbo Deye Technology Co Ltd A Shares (China)
 
97,350
1,175,888
Ningbo Orient Wires & Cables Co Ltd A Shares (China)
 
72,400
577,180
Ningbo Sanxing Medical Electric Co Ltd A Shares (China)
 
169,000
574,455
Shanghai Electric Group Co Ltd A Shares (China) (b)
 
1,402,100
1,756,722
Sungrow Power Supply Co Ltd A Shares (China)
 
229,300
4,980,660
Sunwoda Electronic Co Ltd A Shares (China)
 
200,200
674,749
TBEA Co Ltd A Shares (China)
 
565,250
2,211,645
Wolong Electric Group Co Ltd A Shares (China)
 
174,700
1,104,228
Zhejiang Chint Electrics Co Ltd A Shares (China)
 
241,000
1,013,332
Zhejiang Huayou Cobalt Co Ltd A Shares (China)
 
212,500
2,200,885
 
 
 
63,538,719
Ground Transportation - 0.0%
 
 
 
Beijing-Shanghai High Speed Railway Co Ltd A Shares (China)
 
5,445,900
3,815,088
Daqin Railway Co Ltd A Shares (China)
 
2,296,000
1,657,988
 
 
 
5,473,076
Industrial Conglomerates - 0.0%
 
 
 
CITIC Ltd
 
7,409,000
11,864,491
Fosun International Ltd
 
4,452,500
2,370,989
 
 
 
14,235,480
Machinery - 0.2%
 
 
 
Airtac International Group
 
258,456
9,334,384
China CSSC Holdings Ltd A Shares (China)
 
841,400
4,059,489
CRRC Corp Ltd A Shares (China)
 
5,254,900
4,769,795
CRRC Corp Ltd H Shares
 
4,856,000
3,605,279
Haitian International Holdings Ltd
 
1,184,000
3,664,715
Jiangsu Hengli Hydraulic Co Ltd A Shares (China)
 
146,532
2,284,902
Sany Heavy Industry Co Ltd A Shares (China)
 
954,100
3,008,433
Shandong Himile Mechanical Science & Technology Co Ltd A Shares (China)
 
79,800
956,899
Shenzhen Envicool Technology Co Ltd A Shares (China)
 
108,200
1,665,238
Shenzhen Inovance Technology Co Ltd A Shares (China)
 
142,800
1,533,019
Sinotruk Hong Kong Ltd
 
1,266,500
5,823,361
UBTech Robotics Corp Ltd H Shares (b)
 
372,750
6,675,251
Weichai Power Co Ltd A Shares (China)
 
338,600
1,156,308
Weichai Power Co Ltd H Shares
 
4,043,800
13,779,388
XCMG Construction Machinery Co Ltd A Shares (China)
 
1,245,800
1,924,680
Yangzijiang Shipbuildling (Holdings) Ltd (c)
 
4,844,600
12,719,884
Yutong Bus Co Ltd A Shares (China)
 
227,500
1,011,220
Zhejiang Sanhua Intelligent Controls Co Ltd A Shares (China)
 
201,100
1,473,591
Zhuzhou CRRC Times Electric Co Ltd A Shares (China)
 
32,026
263,238
Zhuzhou CRRC Times Electric Co Ltd H Shares
 
922,400
5,039,366
Zoomlion Heavy Industry Science and Technology Co Ltd A Shares (China)
 
845,900
1,067,148
 
 
 
85,815,588
Marine Transportation - 0.0%
 
 
 
COSCO SHIPPING Holdings Co Ltd A Shares (China)
 
653,070
1,351,843
COSCO SHIPPING Holdings Co Ltd H Shares (c)
 
5,471,100
9,594,613
SITC International Holdings Co Ltd
 
2,525,000
9,418,530
 
 
 
20,364,986
Passenger Airlines - 0.0%
 
 
 
Air China Ltd A Shares (China) (b)
 
1,364,700
1,631,338
China Eastern Airlines Corp Ltd A Shares (China) (b)
 
1,903,800
1,489,794
China Southern Airlines Co Ltd A Shares (China) (b)
 
950,300
985,603
China Southern Airlines Co Ltd H Shares (b)
 
484,000
360,579
Hainan Airlines Holding Co Ltd A Shares (China) (b)
 
4,748,400
1,154,356
Spring Airlines Co Ltd A Shares (China)
 
109,700
887,321
 
 
 
6,508,991
Professional Services - 0.0%
 
 
 
Kanzhun Ltd ADR
 
680,917
12,610,583
Trading Companies & Distributors - 0.0%
 
 
 
BOC Aviation Ltd (d)(e)
 
380,800
3,953,211
Transportation Infrastructure - 0.0%
 
 
 
China Merchants Expressway Network & Technology Holdings Co Ltd A Shares (China)
 
581,600
784,753
China Merchants Port Holdings Co Ltd
 
2,375,836
4,783,848
Jiangsu Expressway Co Ltd H Shares
 
2,286,000
3,014,017
Shanghai International Airport Co Ltd A Shares (China)
 
109,172
483,690
Zhejiang Expressway Co Ltd H Shares
 
2,970,920
2,802,791
 
 
 
11,869,099
TOTAL INDUSTRIALS
 
 
285,810,246
Information Technology - 0.7%
 
 
 
Communications Equipment - 0.0%
 
 
 
BYD Electronic International Co Ltd
 
1,463,000
6,254,938
Hengtong Optic-electric Co Ltd A Shares (China)
 
259,500
1,306,879
Suzhou TFC Optical Communication Co Ltd A Shares (China)
 
86,940
3,106,916
Yealink Network Technology Corp Ltd A Shares (China)
 
130,950
722,775
Zhongji Innolight Co Ltd A Shares (China)
 
124,180
11,593,170
ZTE Corp A Shares (China)
 
313,300
1,734,659
ZTE Corp H Shares (c)
 
1,604,336
5,820,059
 
 
 
30,539,396
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Aac Technologies Holdings Inc
 
1,463,500
6,931,492
Accelink Technologies Co Ltd A Shares (China)
 
88,300
919,740
Avary Holding Shenzhen Co Ltd A Shares (China)
 
257,500
2,113,932
BOE Technology Group Co Ltd A Shares (China)
 
4,390,600
2,760,013
Chaozhou Three-Circle Group Co Ltd A Shares (China)
 
206,900
1,488,115
China Railway Signal & Communication Corp Ltd A Shares (China)
 
841,482
665,753
Eoptolink Technology Inc Ltd A Shares (China)
 
111,080
6,702,909
Everdisplay Optronics Shanghai Co Ltd A Shares (China) (b)
 
1,554,810
592,692
Foxconn Industrial Internet Co Ltd A Shares (China)
 
1,476,994
12,259,152
GoerTek Inc A Shares (China)
 
371,500
1,389,434
Hgtech Co Ltd A Shares (China)
 
107,300
1,194,820
Lens Technology Co Ltd A Shares (China)
 
550,900
2,880,601
Lingyi iTech Guangdong Co A Shares (China)
 
814,500
1,715,292
Luxshare Precision Industry Co Ltd A Shares (China)
 
837,882
6,230,103
Maxscend Microelectronics Co Ltd A Shares (China)
 
57,816
651,202
Ofilm Group Co Ltd A Shares (China) (b)
 
360,700
506,409
Shanghai BOCHU Electronic Technology Corp Ltd A Shares (China)
 
28,868
628,624
Shengyi Electronics Co Ltd A Shares (China)
 
77,625
983,747
Shengyi Technology Co Ltd A Shares (China)
 
270,200
2,679,942
Shennan Circuits Co Ltd A Shares (China)
 
75,152
2,525,336
Shenzhen Everwin Precision Technology Co Ltd A Shares (China)
 
153,000
850,642
Shenzhen Kinwong Electronic Co Ltd A Shares (China)
 
104,900
967,402
Sunny Optical Technology Group Co Ltd
 
1,335,200
10,699,239
SUPCON Technology Co Ltd A Shares (China)
 
89,360
1,077,577
Suzhou Dongshan Precision Manufacturing Co Ltd A Shares (China)
 
204,900
2,280,154
TCL Technology Group Corp A Shares (China)
 
2,130,320
1,486,252
Unisplendour Corp Ltd A Shares (China)
 
298,680
1,074,977
Victory Giant Technology Huizhou Co Ltd A Shares (China)
 
96,400
3,671,707
Wingtech Technology Co Ltd A Shares (China) (b)
 
134,600
762,864
Wuhan Guide Infrared Co Ltd A Shares (China) (b)
 
466,143
1,112,427
WUS Printed Circuit Kunshan Co Ltd A Shares (China)
 
213,240
2,139,532
Zhejiang Dahua Technology Co Ltd A Shares (China)
 
391,100
1,066,675
 
 
 
83,008,756
IT Services - 0.0%
 
 
 
GDS Holdings Ltd A Shares (b)
 
2,089,700
11,635,656
Isoftstone Information Technology Group Co Ltd A Shares (China)
 
103,350
714,348
Range Intelligent Computing Technology Group Co Ltd A Shares (China)
 
154,300
1,816,286
 
 
 
14,166,290
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
ACM Research Shanghai Inc A Shares (China)
 
28,987
787,247
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
 
68,312
3,419,162
Amlogic Shanghai Co Ltd A Shares (China) (b)
 
45,658
575,277
Bestechnic Shanghai Co Ltd A Shares (China)
 
18,727
593,995
Cambricon Technologies Corp Ltd A Shares (China) (b)
 
46,735
8,463,225
China Resources Microelectronics Ltd A Shares (China)
 
141,853
1,301,250
CSI Solar Co Ltd A Shares (China)
 
437,372
961,347
Flat Glass Group Co Ltd A Shares (China) (b)
 
22,800
52,837
Flat Glass Group Co Ltd H Shares (b)(c)
 
308,000
430,532
GalaxyCore Inc A Shares (China)
 
250,699
580,970
GCL Technology Holdings Ltd (b)(c)
 
45,416,000
6,278,629
Gigadevice Semiconductor Inc A Shares (China)
 
73,384
3,323,933
Hangzhou Chang Chuan Technology Co Ltd A Shares (China)
 
71,000
1,302,496
Hangzhou First Applied Material Co Ltd A Shares (China)
 
279,800
684,633
Hangzhou Silan Microelectronics Co Ltd A Shares (China)
 
191,800
921,236
Hua Hong Semiconductor Ltd (b)(d)(e)
 
1,371,000
20,445,399
Hua Hong Semiconductor Ltd A Shares (China) (b)
 
36,483
813,970
Hwatsing Technology Co Ltd A Shares (China)
 
36,917
1,003,040
Hygon Information Technology Co Ltd A Shares (China)
 
258,028
9,815,217
Ingenic Semiconductor Co Ltd A Shares (China)
 
54,900
1,135,631
JA Solar Technology Co Ltd A Shares (China) (b)
 
357,436
581,523
JCET Group Co Ltd A Shares (China)
 
192,200
1,368,009
Jinko Solar Co Ltd A Shares (China) (b)
 
1,140,268
1,038,285
LONGi Green Energy Technology Co Ltd A Shares (China) (b)
 
850,466
2,187,411
Loongson Technology Corp Ltd (China) (b)
 
43,390
1,044,156
Montage Technology Co Ltd A Shares (China)
 
126,178
3,300,675
National Silicon Industry Group Co Ltd A Shares (China) (b)
 
309,729
998,457
NAURA Technology Group Co Ltd A Shares (China)
 
79,280
5,419,676
Nexchip Semiconductor Corp A Shares (China)
 
236,073
1,242,212
OmniVision Integrated Circuits Group Inc A Shares (China)
 
132,515
2,310,327
Piotech Inc A Shares (China)
 
30,164
1,530,557
Rockchip Electronics Co Ltd A Shares (China)
 
47,100
1,296,245
Sanan Optoelectronics CO Ltd A Shares (China)
 
530,600
1,233,430
SG Micro Corp A Shares (China)
 
66,994
733,761
Shenzhen Goodix Technology Co Ltd A Shares (China)
 
46,300
538,144
TCL Zhonghuan Renewable Energy Technology Co Ltd A Shares (China) (b)
 
434,400
588,011
Tianshui Huatian Technology Co Ltd A Shares (China)
 
345,200
753,290
TongFu Microelectronics Co Ltd A Shares (China)
 
164,600
1,232,650
Tongwei Co Ltd A Shares (China) (b)
 
505,500
1,323,422
Trina Solar Co Ltd A Shares (China) (b)
 
234,290
631,918
Unigroup Guoxin Microelectronics Co Ltd A Shares (China)
 
92,259
1,116,252
United Nova Technology Co Ltd A Shares (China) (b)
 
954,347
1,041,967
Verisilicon Microelectronics Shanghai Co Ltd A Shares (China) (b)
 
58,924
1,881,788
Xinjiang Daqo New Energy Co Ltd A Shares (China) (b)
 
241,044
840,841
Xinyi Solar Holdings Ltd (c)
 
8,491,406
3,673,910
Zhejiang Jingsheng Mechanical & Electrical Co Ltd A Shares (China)
 
141,100
903,625
 
 
 
101,700,568
Software - 0.0%
 
 
 
360 Security Technology Inc A Shares (China)
 
780,500
1,363,005
Beijing Kingsoft Office Software Inc A Shares (China)
 
50,501
2,446,975
China National Software & Service Co Ltd A Shares (China) (b)
 
99,590
646,384
Empyrean Technology Co Ltd A Shares (China)
 
51,100
757,854
Horizon Robotics A Shares (b)(c)
 
9,338,400
9,837,948
Hundsun Technologies Inc A Shares (China)
 
208,668
932,016
Iflytek Co Ltd A Shares (China)
 
252,900
2,168,208
Jiangsu Hoperun Software Co Ltd A Shares (China)
 
89,600
644,441
Kingdee International Software Group Co Ltd (b)
 
5,639,000
9,347,685
Shanghai Baosight Software Co Ltd A Shares (China)
 
37,900
124,629
Shanghai Baosight Software Co Ltd B Shares
 
800,211
859,427
Yonyou Network Technology CO Ltd A Shares (China) (b)
 
376,520
822,178
 
 
 
29,950,750
Technology Hardware, Storage & Peripherals - 0.4%
 
 
 
Anker Innovations Technology Co Ltd A Shares (China)
 
58,410
836,691
China Greatwall Technology Group Co Ltd A Shares (China) (b)
 
351,800
803,117
Huaqin Technology Co Ltd A Shares (China)
 
93,500
1,162,874
IEIT Systems Co Ltd A Shares (China)
 
160,734
1,454,334
Lenovo Group Ltd
 
14,752,000
16,621,278
Sharetronic Data Technology Co Ltd A Shares (China)
 
38,800
1,272,320
Shenzhen Longsys Electronics Co Ltd (China) (b)
 
39,100
1,889,826
Shenzhen Transsion Holdings Co Ltd A Shares (China)
 
122,557
1,024,812
Xiaomi Corp B Shares (b)(d)(e)
 
31,724,400
143,602,708
 
 
 
168,667,960
TOTAL INFORMATION TECHNOLOGY
 
 
428,033,720
Materials - 0.5%
 
 
 
Chemicals - 0.1%
 
 
 
Ganfeng Lithium Group Co Ltd A Shares (China)
 
155,660
1,536,056
Ganfeng Lithium Group Co Ltd H Shares (c)(d)(e)
 
854,920
6,620,839
Guangzhou Tinci Materials Technology Co Ltd A Shares (China)
 
207,940
1,217,713
Hengli Petrochemical Co Ltd A Shares (China)
 
782,360
2,937,332
Hoshine Silicon Industry Co Ltd A Shares (China)
 
110,400
789,280
Huafon Chemical Co Ltd A Shares (China)
 
548,900
1,016,986
Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd A Shares (China)
 
909,600
773,292
Jiangsu Eastern Shenghong Co Ltd A Shares (China) (b)
 
698,000
1,327,372
Kingfa Sci & Tech Co Ltd A Shares (China)
 
295,200
812,339
LB Group Co Ltd A Shares (China)
 
261,800
834,536
Ningxia Baofeng Energy Group Co Ltd A Shares (China)
 
816,100
2,789,303
Qinghai Salt Lake Industry Co Ltd A Shares (China) (b)
 
574,900
2,710,860
Rongsheng Petrochemical Co Ltd A Shares (China)
 
1,105,850
2,346,357
Satellite Chemical Co Ltd A Shares (China)
 
364,101
1,275,866
Shandong Hualu Hengsheng Chemical Co Ltd A Shares (China)
 
219,800
1,185,989
Shanghai Putailai New Energy Technology Group Co Ltd A Shares (China)
 
231,351
922,176
Sinoma Science & Technology Co Ltd A Shares (China)
 
187,800
1,158,394
Tianqi Lithium Corp A Shares (China) (b)
 
160,200
1,257,081
Wanhua Chemical Group Co Ltd A Shares (China)
 
355,000
4,492,301
Yunnan Yuntianhua Co Ltd A Shares (China)
 
204,300
1,122,339
Zangge Mining Co Ltd A Shares (China)
 
165,000
2,048,333
Zhejiang Juhua Co Ltd A Shares (China)
 
310,200
1,755,424
Zhejiang Longsheng Group Co Ltd A Shares (China)
 
453,500
992,882
Zhejiang NHU Co Ltd A Shares (China)
 
315,508
1,264,437
 
 
 
43,187,487
Construction Materials - 0.0%
 
 
 
Anhui Conch Cement Co Ltd A Shares (China)
 
318,000
1,121,640
Anhui Conch Cement Co Ltd H Shares
 
2,443,000
7,761,711
China Jushi Co Ltd A Shares (China)
 
497,840
1,530,382
China National Building Material Co Ltd H Shares
 
6,906,000
4,968,155
 
 
 
15,381,888
Metals & Mining - 0.4%
 
 
 
Aluminum Corp of China Ltd A Shares (China)
 
1,126,300
2,289,297
Aluminum Corp of China Ltd H Shares
 
7,312,000
12,963,377
Baoshan Iron & Steel Co Ltd A Shares (China)
 
2,439,800
2,562,023
Chifeng Jilong Gold Mining Co A Shares (China)
 
191,100
1,187,546
China Gold International Resources Corp Ltd
 
441,000
11,583,723
China Hongqiao Group Ltd
 
5,262,000
24,329,366
China Nonferrous Mining Corp Ltd
 
2,536,000
5,096,607
China Northern Rare Earth Group High-Tech Co Ltd A Shares (China)
 
401,100
2,976,624
China Rare Earth Resources And Technology Co Ltd A Shares (China) (b)
 
115,300
899,279
Citic Pacific Special Steel Group Co Ltd A Shares (China)
 
340,500
804,259
CMOC Group Ltd A Shares (China)
 
770,800
2,697,675
CMOC Group Ltd H Shares
 
8,271,000
23,631,126
Guangdong HEC Technology Holding Co Ltd A Shares (China) (b)
 
334,700
1,311,501
Henan Shenhuo Coal Industry & Electricity Power Co Ltd A Shares (China)
 
231,600
1,094,742
Huaibei Mining Holdings Co Ltd A Shares (China)
 
274,900
496,673
Hunan Valin Steel Co Ltd A Shares (China)
 
806,500
727,407
Inner Mongolia BaoTou Steel Union Co Ltd A Shares (China)
 
4,981,400
1,798,585
Inner Mongolia Xingye Silver&Tin Mining Co Ltd A Shares (China)
 
197,900
1,751,330
Jiangxi Copper Co Ltd A Shares (China)
 
16,300
148,703
Jiangxi Copper Co Ltd H Shares
 
2,204,000
13,389,721
Jinduicheng Molybdenum Co Ltd A Shares (China)
 
352,200
1,039,615
MMG Ltd (b)
 
7,980,000
10,511,156
Shandong Gold Mining Co Ltd A Shares (China)
 
702,923
5,515,798
Shandong Gold Mining Co Ltd H Shares (d)(e)
 
1,373,500
7,781,661
Shandong Nanshan Aluminum Co Ltd A Shares (China)
 
1,444,900
1,525,597
Shanjin International Gold Co Ltd A Shares (China)
 
318,980
1,598,628
Tianshan Aluminum Group Co Ltd A Shares (China)
 
483,800
1,311,847
Tongling Nonferrous Metals Group Co Ltd A Shares (China)
 
1,451,800
1,727,103
Western Mining Co Ltd A Shares (China)
 
268,800
1,376,528
Western Superconducting Technologies Co Ltd A Shares (China)
 
78,064
951,467
Xiamen Tungsten Co Ltd A Shares (China)
 
176,700
1,437,391
Yunnan Aluminium Co Ltd A Shares (China)
 
394,400
1,908,529
Zhaojin Mining Industry Co Ltd H Shares
 
3,176,000
14,717,067
Zhongjin Gold Corp Ltd A Shares (China)
 
560,800
2,976,735
Zijin Mining Group Co Ltd A Shares (China)
 
1,829,400
10,563,112
Zijin Mining Group Co Ltd H Shares
 
11,513,000
61,749,684
 
 
 
238,431,482
Paper & Forest Products - 0.0%
 
 
 
Shandong Sun Paper Industry JSC Ltd A Shares (China)
 
281,600
681,341
TOTAL MATERIALS
 
 
297,682,198
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
C&D International Investment Group Ltd
 
1,662,551
3,419,976
China Merchants Shekou Industrial Zone Holdings Co Ltd A Shares (China)
 
963,400
1,464,831
China Overseas Land & Investment Ltd
 
7,135,000
12,823,108
China Resources Land Ltd
 
5,870,965
23,056,695
China Resources Mixc Lifestyle Services Ltd (d)(e)
 
1,272,200
7,543,209
China Vanke Co Ltd A Shares (China) (b)
 
827,400
580,819
China Vanke Co Ltd H Shares (b)(c)
 
4,447,200
2,163,229
Hainan Airport Infrastructure Co Ltd A Shares (China)
 
1,283,500
827,141
KE Holdings Inc A Shares
 
3,751,048
23,845,869
Longfor Group Holdings Ltd (c)(d)(e)
 
3,987,178
5,256,965
Poly Developments and Holdings Group Co Ltd A Shares (China)
 
1,279,800
1,253,704
Shanghai Zhangjiang High-Tech Park Development Co Ltd A Shares (China)
 
168,000
1,004,605
Wharf Holdings Ltd/The
 
2,036,000
6,578,083
Youngor Fashion Co Ltd A Shares (China)
 
599,977
634,348
TOTAL REAL ESTATE
 
 
90,452,582
Utilities - 0.1%
 
 
 
Gas Utilities - 0.0%
 
 
 
Beijing Enterprises Holdings Ltd
 
932,500
4,225,560
China Gas Holdings Ltd
 
5,043,000
4,996,457
China Resources Gas Group Ltd
 
1,706,800
4,697,354
ENN Energy Holdings Ltd
 
1,436,700
12,386,138
ENN Natural Gas Co Ltd A Shares (China)
 
303,600
852,049
Kunlun Energy Co Ltd
 
7,286,000
7,461,246
 
 
 
34,618,804
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
CGN Power Co Ltd A Shares (China)
 
1,885,400
1,044,168
CGN Power Co Ltd H Shares (d)(e)
 
19,818,000
8,270,079
China Longyuan Power Group Corp Ltd H Shares
 
4,813,000
4,374,278
China National Nuclear Power Co Ltd A Shares (China)
 
2,282,100
2,826,465
China Power International Development Ltd
 
7,119,699
2,971,060
China Resources Power Holdings Co Ltd (c)
 
3,877,780
8,835,587
China Three Gorges Renewables Group Co Ltd A Shares (China)
 
3,008,900
1,778,916
China Yangtze Power Co Ltd A Shares (China)
 
2,708,800
10,271,367
Datang International Power Generation Co Ltd A Shares (China)
 
1,260,600
685,449
GD Power Development Co Ltd A Shares (China)
 
1,801,000
1,199,501
Hanergy Mobile Energy Holding Group Co Ltd (b)(f)
 
1,902,000
2
Huadian Power International Corp Ltd A Shares (China)
 
1,049,600
739,819
Huaneng Power International Inc A Shares (China)
 
1,432,400
1,454,705
Huaneng Power International Inc H Shares
 
7,450,000
5,435,798
SDIC Power Holdings Co Ltd A Shares (China)
 
930,700
1,706,969
Shanghai Electric Power Co Ltd A Shares (China)
 
315,500
965,323
Shenergy Co Ltd A Shares (China)
 
496,700
595,175
Sichuan Chuantou Energy Co Ltd A Shares (China)
 
588,500
1,178,397
Wintime Energy Group Co Ltd A Shares (China) (b)
 
2,404,200
584,471
Zhejiang Zheneng Electric Power Co Ltd A Shares (China)
 
1,138,500
810,670
 
 
 
55,728,199
Water Utilities - 0.0%
 
 
 
Guangdong Investment Ltd
 
5,222,000
4,933,163
TOTAL UTILITIES
 
 
95,280,166
TOTAL CHINA
 
 
5,590,764,761
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA
 
468,842
10,589,524
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Interconexion Electrica SA ESP
 
813,041
6,663,748
TOTAL COLOMBIA
 
 
17,253,272
CONGO DEMOCRATIC REPUBLIC OF - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Ivanhoe Mines Ltd Class A (b)(c)
 
1,436,043
18,160,805
COTE D'IVOIRE - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Endeavour Mining PLC (United Kingdom)
 
355,832
20,557,033
CZECH REPUBLIC - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Komercni Banka AS
 
138,413
8,392,487
Moneta Money Bank AS (d)(e)
 
474,337
4,758,813
TOTAL FINANCIALS
 
 
13,151,300
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
CEZ AS
 
251,148
14,445,216
TOTAL CZECH REPUBLIC
 
 
27,596,516
DENMARK - 1.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Pandora A/S
 
147,221
11,893,861
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Carlsberg AS Series B
 
172,801
23,395,407
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Danske Bank A/S
 
1,233,578
62,948,142
Insurance - 0.0%
 
 
 
Tryg A/S
 
619,990
15,065,904
TOTAL FINANCIALS
 
 
78,014,046
Health Care - 0.7%
 
 
 
Biotechnology - 0.1%
 
 
 
Genmab A/S (b)
 
112,449
36,634,251
Health Care Equipment & Supplies - 0.0%
 
 
 
Coloplast AS Series B
 
231,776
19,757,746
Demant A/S (b)
 
182,291
6,376,937
 
 
 
26,134,683
Pharmaceuticals - 0.6%
 
 
 
Novo Nordisk A/S Series B
 
5,940,702
352,754,399
TOTAL HEALTH CARE
 
 
415,523,333
Industrials - 0.3%
 
 
 
Air Freight & Logistics - 0.2%
 
 
 
DSV A/S
 
376,859
105,813,736
Building Products - 0.0%
 
 
 
ROCKWOOL A/S Series B
 
183,162
6,208,265
Electrical Equipment - 0.1%
 
 
 
Vestas Wind Systems A/S
 
1,862,419
56,452,548
TOTAL INDUSTRIALS
 
 
168,474,549
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Novonesis Novozymes B Series B
 
648,935
39,727,036
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Orsted AS (b)(d)(e)
 
973,456
21,878,367
TOTAL DENMARK
 
 
758,906,599
EGYPT - 0.0%
 
 
 
Consumer Staples - 0.0%
 
 
 
Tobacco - 0.0%
 
 
 
Eastern Co SAE
 
2,788,642
2,246,125
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Commercial International Bank - Egypt (CIB)
 
4,760,911
13,593,908
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Talaat Moustafa Group
 
1,358,732
2,504,085
TOTAL EGYPT
 
 
18,344,118
FINLAND - 0.7%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Elisa Oyj A Shares
 
266,165
11,723,931
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Kesko Oyj B Shares
 
501,135
12,676,395
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Neste Oyj
 
779,298
19,915,854
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Nordea Bank Abp
 
5,735,519
110,812,580
Insurance - 0.1%
 
 
 
Sampo Oyj A Shares
 
4,474,121
49,896,810
TOTAL FINANCIALS
 
 
160,709,390
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Orion Oyj B Shares
 
201,239
16,614,217
Industrials - 0.2%
 
 
 
Machinery - 0.2%
 
 
 
Kone Oyj B Shares
 
627,245
45,071,265
Metso Oyj
 
1,222,251
23,926,853
Wartsila OYJ Abp
 
926,488
37,558,869
TOTAL INDUSTRIALS
 
 
106,556,987
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.1%
 
 
 
Nokia Oyj
 
9,768,626
62,918,859
Materials - 0.1%
 
 
 
Paper & Forest Products - 0.1%
 
 
 
Stora Enso Oyj R Shares
 
1,088,951
12,569,694
UPM-Kymmene Oyj
 
963,582
26,583,434
TOTAL MATERIALS
 
 
39,153,128
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Fortum Oyj
 
827,196
19,526,992
TOTAL FINLAND
 
 
449,795,753
FRANCE - 5.2%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Orange SA
 
3,434,080
63,839,687
Media - 0.1%
 
 
 
Publicis Groupe SA
 
420,965
42,074,734
TOTAL COMMUNICATION SERVICES
 
 
105,914,421
Consumer Discretionary - 0.9%
 
 
 
Automobile Components - 0.1%
 
 
 
Cie Generale des Etablissements Michelin SCA Series B
 
1,235,511
45,881,491
Automobiles - 0.0%
 
 
 
Renault SA
 
351,277
13,274,392
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Accor SA
 
358,843
19,506,760
FDJ UNITED
 
206,109
5,457,914
Sodexo SA
 
157,921
8,068,440
Sodexo SA
 
8,142
416,349
 
 
 
33,449,463
Textiles, Apparel & Luxury Goods - 0.7%
 
 
 
Hermes International SCA
 
58,402
140,461,199
Kering SA
 
137,168
42,820,833
LVMH Moet Hennessy Louis Vuitton SE
 
461,295
297,721,937
 
 
 
481,003,969
TOTAL CONSUMER DISCRETIONARY
 
 
573,609,315
Consumer Staples - 0.5%
 
 
 
Beverages - 0.1%
 
 
 
Pernod Ricard SA
 
370,787
32,998,589
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Carrefour SA
 
1,076,881
17,638,439
Food Products - 0.1%
 
 
 
Danone SA
 
1,193,663
93,535,372
Personal Care Products - 0.3%
 
 
 
L'Oreal SA
 
419,237
192,614,043
L'Oreal SA (loyalty shares)
 
23,733
10,903,878
 
 
 
203,517,921
TOTAL CONSUMER STAPLES
 
 
347,690,321
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
Bollore SE
 
1,322,140
7,544,494
TotalEnergies SE
 
3,664,432
265,613,249
TOTAL ENERGY
 
 
273,157,743
Financials - 0.8%
 
 
 
Banks - 0.6%
 
 
 
BNP Paribas SA
 
1,854,338
200,514,310
Credit Agricole SA
 
1,971,027
42,685,410
Societe Generale SA Series A
 
1,303,869
114,257,405
 
 
 
357,457,125
Capital Markets - 0.0%
 
 
 
Amundi SA (d)(e)
 
115,715
10,280,350
Financial Services - 0.0%
 
 
 
Edenred SE
 
446,063
9,342,850
Eurazeo SE
 
19,800
1,188,752
 
 
 
10,531,602
Insurance - 0.2%
 
 
 
AXA SA
 
3,203,085
146,057,925
TOTAL FINANCIALS
 
 
524,327,002
Health Care - 0.3%
 
 
 
Health Care Equipment & Supplies - 0.3%
 
 
 
BioMerieux
 
77,455
8,979,143
EssilorLuxottica SA
 
555,370
169,777,590
 
 
 
178,756,733
Life Sciences Tools & Services - 0.0%
 
 
 
Sartorius Stedim Biotech
 
54,460
12,155,549
Pharmaceuticals - 0.0%
 
 
 
Ipsen SA
 
69,310
11,304,749
TOTAL HEALTH CARE
 
 
202,217,031
Industrials - 1.5%
 
 
 
Aerospace & Defense - 0.9%
 
 
 
Airbus SE
 
1,096,066
250,944,335
Dassault Aviation SA
 
36,621
13,882,102
Safran SA
 
664,205
237,314,753
Thales SA
 
170,886
52,312,637
 
 
 
554,453,827
Building Products - 0.1%
 
 
 
Cie de Saint-Gobain SA
 
826,754
81,605,194
Construction & Engineering - 0.4%
 
 
 
Bouygues SA
 
353,859
19,130,967
Eiffage SA
 
126,418
18,723,705
Vinci SA
 
920,624
132,371,674
 
 
 
170,226,346
Electrical Equipment - 0.1%
 
 
 
Legrand SA
 
483,474
77,190,496
Machinery - 0.0%
 
 
 
Alstom SA (b)
 
637,093
20,341,364
Professional Services - 0.0%
 
 
 
Bureau Veritas SA
 
621,057
19,950,205
Trading Companies & Distributors - 0.0%
 
 
 
Rexel SA
 
411,507
17,335,695
Transportation Infrastructure - 0.0%
 
 
 
Aeroports de Paris SA
 
65,190
8,615,936
Getlink SE Series A
 
549,039
10,874,924
 
 
 
19,490,860
TOTAL INDUSTRIALS
 
 
960,593,987
Information Technology - 0.1%
 
 
 
IT Services - 0.1%
 
 
 
Capgemini SE
 
283,920
44,114,993
Software - 0.0%
 
 
 
Dassault Systemes SE
 
1,235,060
33,970,105
TOTAL INFORMATION TECHNOLOGY
 
 
78,085,098
Materials - 0.2%
 
 
 
Chemicals - 0.2%
 
 
 
Air Liquide SA
 
758,810
142,096,615
Real Estate - 0.1%
 
 
 
Diversified REITs - 0.0%
 
 
 
Covivio SA/France
 
105,477
6,720,209
Office REITs - 0.0%
 
 
 
Gecina SA
 
86,308
7,923,537
Retail REITs - 0.1%
 
 
 
Klepierre SA
 
394,957
15,187,184
Unibail-Rodamco-Westfield unit
 
223,915
24,683,841
 
 
 
39,871,025
TOTAL REAL ESTATE
 
 
54,514,771
Utilities - 0.2%
 
 
 
Multi-Utilities - 0.2%
 
 
 
Engie SA
 
2,510,252
74,947,186
Engie SA (b)
 
863,500
25,781,035
Veolia Environnement SA
 
1,161,340
43,558,613
TOTAL UTILITIES
 
 
144,286,834
TOTAL FRANCE
 
 
3,406,493,138
GERMANY - 5.5%
 
 
 
Communication Services - 0.4%
 
 
 
Diversified Telecommunication Services - 0.4%
 
 
 
Deutsche Telekom AG
 
6,784,847
227,687,860
Entertainment - 0.0%
 
 
 
CTS Eventim AG & Co KGaA
 
117,542
9,885,351
Interactive Media & Services - 0.0%
 
 
 
Scout24 SE (d)(e)
 
139,861
13,934,165
TOTAL COMMUNICATION SERVICES
 
 
251,507,376
Consumer Discretionary - 0.4%
 
 
 
Automobile Components - 0.0%
 
 
 
Continental AG
 
205,083
16,199,860
Automobiles - 0.3%
 
 
 
Bayerische Motoren Werke AG
 
515,730
53,441,643
Mercedes-Benz Group AG
 
1,331,596
91,006,928
Volkswagen AG
 
160
19,419
 
 
 
144,467,990
Specialty Retail - 0.0%
 
 
 
Zalando SE (b)(d)(e)
 
420,739
12,138,917
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
adidas AG
 
314,666
55,791,412
TOTAL CONSUMER DISCRETIONARY
 
 
228,598,179
Consumer Staples - 0.1%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA
 
186,118
15,363,886
Personal Care Products - 0.1%
 
 
 
Beiersdorf AG
 
177,543
21,177,222
TOTAL CONSUMER STAPLES
 
 
36,541,108
Financials - 1.2%
 
 
 
Banks - 0.1%
 
 
 
Commerzbank AG
 
1,351,335
55,566,613
Capital Markets - 0.3%
 
 
 
Deutsche Bank AG
 
3,414,606
134,781,858
Deutsche Boerse AG
 
347,032
87,877,310
 
 
 
222,659,168
Insurance - 0.8%
 
 
 
Allianz SE
 
712,752
313,840,511
Hannover Rueck SE
 
111,020
31,425,497
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
 
241,016
146,074,158
Talanx AG
 
120,119
15,163,795
 
 
 
506,503,961
TOTAL FINANCIALS
 
 
784,729,742
Health Care - 0.3%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Siemens Healthineers AG (d)(e)
 
623,165
31,104,359
Health Care Providers & Services - 0.1%
 
 
 
Fresenius Medical Care AG
 
386,863
17,416,193
Fresenius Medical Care AG ADR
 
36,018
817,608
Fresenius SE & Co KGaA
 
778,849
43,584,681
 
 
 
61,818,482
Pharmaceuticals - 0.2%
 
 
 
Bayer AG
 
1,812,087
95,844,335
Merck KGaA
 
238,220
35,493,059
 
 
 
131,337,394
TOTAL HEALTH CARE
 
 
224,260,235
Industrials - 1.7%
 
 
 
Aerospace & Defense - 0.4%
 
 
 
Hensoldt AG
 
118,304
11,730,377
MTU Aero Engines AG
 
99,037
43,963,869
Rheinmetall AG
 
84,853
179,184,168
 
 
 
234,878,414
Air Freight & Logistics - 0.2%
 
 
 
Deutsche Post AG
 
1,770,676
99,031,268
Construction & Engineering - 0.0%
 
 
 
HOCHTIEF AG
 
28,618
12,035,649
Electrical Equipment - 0.4%
 
 
 
Siemens Energy AG (b)
 
1,429,538
244,940,390
Industrial Conglomerates - 0.6%
 
 
 
Siemens AG
 
1,401,922
423,843,488
Machinery - 0.1%
 
 
 
Daimler Truck Holding AG
 
874,989
42,482,410
Gea Group Ag
 
268,258
19,205,969
Knorr-Bremse AG
 
134,927
15,745,672
Rational AG
 
9,561
7,683,863
 
 
 
85,117,914
Passenger Airlines - 0.0%
 
 
 
Deutsche Lufthansa AG
 
1,128,343
11,636,087
Trading Companies & Distributors - 0.0%
 
 
 
Brenntag SE
 
228,213
13,904,331
TOTAL INDUSTRIALS
 
 
1,125,387,541
Information Technology - 0.8%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Infineon Technologies AG
 
2,407,004
117,660,414
Software - 0.6%
 
 
 
Nemetschek SE
 
108,038
9,470,247
SAP SE
 
1,926,080
384,770,007
 
 
 
394,240,254
TOTAL INFORMATION TECHNOLOGY
 
 
511,900,668
Materials - 0.3%
 
 
 
Chemicals - 0.2%
 
 
 
BASF SE
 
1,644,409
89,149,983
Evonik Industries AG
 
479,912
7,452,114
Symrise AG
 
243,325
20,484,827
 
 
 
117,086,924
Construction Materials - 0.1%
 
 
 
Heidelberg Materials AG
 
246,612
67,539,826
TOTAL MATERIALS
 
 
184,626,750
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
LEG Immobilien SE
 
135,653
9,776,414
Vonovia SE
 
1,390,892
40,724,330
TOTAL REAL ESTATE
 
 
50,500,744
Utilities - 0.2%
 
 
 
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
RWE AG
 
1,165,473
73,937,528
Multi-Utilities - 0.1%
 
 
 
E.ON SE
 
4,140,655
87,683,661
TOTAL UTILITIES
 
 
161,621,189
TOTAL GERMANY
 
 
3,559,673,532
GREECE - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Hellenic Telecommunications Organization SA
 
304,385
5,689,860
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
OPAP SA
 
345,662
6,965,418
Specialty Retail - 0.0%
 
 
 
FF Group (b)(f)
 
7,962
0
JUMBO SA
 
212,403
6,304,368
 
 
 
6,304,368
TOTAL CONSUMER DISCRETIONARY
 
 
13,269,786
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Alpha Bank SA
 
4,094,317
19,599,352
Eurobank SA
 
4,731,995
23,193,506
National Bank of Greece SA
 
1,596,198
28,219,975
Piraeus Bank SA
 
2,061,461
20,794,634
TOTAL FINANCIALS
 
 
91,807,467
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Public Power Corp SA
 
348,620
8,248,205
TOTAL GREECE
 
 
119,015,318
HONG KONG - 1.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
HKT Trust & HKT Ltd unit
 
7,063,479
10,578,807
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
WH Group Ltd (d)(e)
 
15,518,243
18,235,490
Financials - 0.8%
 
 
 
Capital Markets - 0.2%
 
 
 
Futu Holdings Ltd Class A ADR (b)
 
104,651
17,013,113
Hong Kong Exchanges & Clearing Ltd
 
2,221,084
122,450,832
 
 
 
139,463,945
Insurance - 0.6%
 
 
 
AIA Group Ltd
 
19,377,209
223,564,211
Prudential PLC
 
4,731,902
77,722,656
 
 
 
301,286,867
TOTAL FINANCIALS
 
 
440,750,812
Industrials - 0.1%
 
 
 
Ground Transportation - 0.0%
 
 
 
MTR Corp Ltd
 
2,902,120
12,846,137
Industrial Conglomerates - 0.0%
 
 
 
Swire Pacific Ltd A Shares
 
648,060
6,254,877
Machinery - 0.1%
 
 
 
Techtronic Industries Co Ltd
 
2,690,370
36,677,002
Marine Transportation - 0.0%
 
 
 
Orient Overseas International Ltd
 
240,500
3,937,475
TOTAL INDUSTRIALS
 
 
59,715,491
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Zijin Gold International Co Ltd
 
396,300
11,089,359
Real Estate - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
CK Asset Holdings Ltd
 
3,502,139
20,549,923
Henderson Land Development Co Ltd
 
2,727,869
10,866,641
Hongkong Land Holdings Ltd (Singapore)
 
2,021,045
17,158,672
Sino Land Co Ltd
 
6,615,928
9,976,271
Sun Hung Kai Properties Ltd
 
2,667,422
42,919,951
Wharf Real Estate Investment Co Ltd
 
3,114,349
10,835,500
 
 
 
112,306,958
Retail REITs - 0.0%
 
 
 
Link REIT
 
4,769,865
21,931,817
TOTAL REAL ESTATE
 
 
134,238,775
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
CK Infrastructure Holdings Ltd
 
1,146,631
9,430,376
CLP Holdings Ltd
 
3,019,476
28,582,616
Power Assets Holdings Ltd
 
2,578,426
20,017,862
 
 
 
58,030,854
Gas Utilities - 0.0%
 
 
 
Hong Kong & China Gas Co Ltd
 
20,845,350
19,665,676
TOTAL UTILITIES
 
 
77,696,530
TOTAL HONG KONG
 
 
752,305,264
HUNGARY - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
MOL Hungarian Oil & Gas PLC Class A
 
761,530
9,300,728
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
OTP Bank Nyrt
 
413,412
52,083,985
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Richter Gedeon Nyrt
 
254,387
8,514,281
TOTAL HUNGARY
 
 
69,898,994
INDIA - 4.2%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Indus Towers Ltd (b)
 
2,457,567
11,908,053
Tata Communications Ltd
 
209,684
3,591,388
 
 
 
15,499,441
Interactive Media & Services - 0.0%
 
 
 
Info Edge India Ltd
 
669,319
9,119,977
Wireless Telecommunication Services - 0.2%
 
 
 
Bharti Airtel Ltd
 
4,726,291
101,475,005
Vodafone Idea Ltd (b)
 
49,895,326
6,078,160
 
 
 
107,553,165
TOTAL COMMUNICATION SERVICES
 
 
132,172,583
Consumer Discretionary - 0.5%
 
 
 
Automobile Components - 0.1%
 
 
 
Balkrishna Industries Ltd
 
142,737
3,589,362
Bharat Forge Ltd
 
446,336
7,016,257
Bosch Ltd
 
13,912
5,542,406
MRF Ltd
 
4,349
6,268,519
Samvardhana Motherson International Ltd
 
7,862,820
9,681,248
Tube Investments of India Ltd
 
195,536
4,979,564
 
 
 
37,077,356
Automobiles - 0.3%
 
 
 
Bajaj Auto Ltd
 
124,565
13,038,068
Eicher Motors Ltd
 
250,782
19,479,953
Hero MotoCorp Ltd
 
223,262
13,474,512
Hyundai Motor India Ltd
 
304,854
7,301,681
Mahindra & Mahindra Ltd
 
1,716,656
64,248,698
Maruti Suzuki India Ltd
 
231,008
36,779,787
Tata Motors Passenger Vehicles Limited
 
3,784,465
14,447,532
TVS Motor Co Ltd
 
434,124
17,410,600
 
 
 
186,180,831
Broadline Retail - 0.0%
 
 
 
Vishal Mega Mart Ltd (b)
 
4,035,920
5,543,701
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Eternal Ltd (b)
 
4,507,006
13,448,174
Indian Hotels Co Ltd/The
 
1,601,769
11,776,480
Jubilant Foodworks Ltd
 
721,845
3,912,939
Swiggy Ltd (b)
 
2,585,385
8,733,647
 
 
 
37,871,240
Household Durables - 0.0%
 
 
 
Dixon Technologies India Ltd (d)
 
67,635
7,705,141
Specialty Retail - 0.0%
 
 
 
FSN E-Commerce Ventures Ltd (b)
 
2,133,739
5,526,676
Trent Ltd
 
338,659
13,981,216
 
 
 
19,507,892
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Kalyan Jewellers India Ltd
 
794,435
3,133,328
Page Industries Ltd
 
11,684
4,204,349
Titan Co Ltd
 
651,152
28,244,945
 
 
 
35,582,622
TOTAL CONSUMER DISCRETIONARY
 
 
329,468,783
Consumer Staples - 0.3%
 
 
 
Beverages - 0.0%
 
 
 
United Spirits Ltd
 
548,160
8,145,820
Varun Beverages Ltd
 
2,529,621
13,000,675
 
 
 
21,146,495
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Avenue Supermarts Ltd (b)(d)(e)
 
304,217
12,240,807
Food Products - 0.1%
 
 
 
Britannia Industries Ltd
 
201,692
12,890,876
Marico Ltd
 
965,826
7,687,087
Nestle India Ltd
 
1,229,207
17,861,533
Tata Consumer Products Ltd
 
1,103,990
13,652,085
 
 
 
52,091,581
Personal Care Products - 0.2%
 
 
 
Colgate-Palmolive India Ltd
 
229,030
5,280,773
Dabur India Ltd
 
976,392
5,394,466
Godrej Consumer Products Ltd
 
764,584
9,623,382
Hindustan Unilever Ltd
 
1,504,382
38,932,739
Kwality Wall's India Ltd (f)
 
1,527,946
669,874
 
 
 
59,901,234
Tobacco - 0.0%
 
 
 
ITC Ltd
 
5,501,865
19,329,791
TOTAL CONSUMER STAPLES
 
 
164,709,908
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
Bharat Petroleum Corp Ltd
 
2,848,936
11,325,029
Coal India Ltd
 
3,433,551
16,504,216
Hindustan Petroleum Corp Ltd
 
1,794,863
8,358,306
Indian Oil Corp Ltd
 
5,301,132
9,437,442
Oil & Natural Gas Corp Ltd
 
5,855,123
17,174,449
Oil India Ltd
 
865,776
4,815,899
Petronet LNG Ltd
 
1,450,536
4,583,645
Reliance Industries Ltd
 
11,225,051
170,822,913
TOTAL ENERGY
 
 
243,021,899
Financials - 1.2%
 
 
 
Banks - 0.9%
 
 
 
AU Small Finance Bank Ltd (d)(e)
 
693,306
7,427,630
Axis Bank Ltd
 
4,222,949
63,113,501
Bank of Baroda
 
1,823,886
5,955,368
Canara Bank
 
3,365,423
5,410,721
HDFC Bank Ltd
 
20,958,211
212,395,769
ICICI Bank Ltd
 
9,742,744
144,093,406
IDFC First Bank Ltd
 
6,601,333
6,017,181
IndusInd Bank Ltd (b)
 
1,077,878
10,533,802
Kotak Mahindra Bank Ltd
 
10,046,781
44,703,980
Punjab National Bank
 
3,972,646
5,423,861
State Bank of India
 
3,392,789
39,855,854
Union Bank of India Ltd
 
2,797,104
5,514,041
Yes Bank Ltd (b)
 
28,899,920
6,747,958
 
 
 
557,193,072
Capital Markets - 0.0%
 
 
 
BSE Ltd
 
371,174
11,322,155
HDFC Asset Management Co Ltd (d)(e)
 
358,982
9,848,965
 
 
 
21,171,120
Consumer Finance - 0.2%
 
 
 
Bajaj Finance Ltd
 
5,146,982
52,194,486
Cholamandalam Investment and Finance Co Ltd
 
763,197
13,580,302
Muthoot Finance Ltd
 
226,959
9,478,943
SBI Cards & Payment Services Ltd
 
523,542
4,302,518
Shriram Finance Ltd
 
2,589,349
28,803,804
Sundaram Finance Ltd
 
123,084
7,084,840
 
 
 
115,444,893
Financial Services - 0.1%
 
 
 
Bajaj Finserv Ltd
 
715,486
15,236,089
Bajaj Holdings & Investment Ltd
 
50,773
5,980,199
Jio Financial Services Ltd
 
5,095,923
14,143,918
One 97 Communications Ltd (b)
 
710,205
8,810,371
Power Finance Corp Ltd
 
2,783,852
11,517,158
REC Ltd
 
2,213,643
8,789,969
 
 
 
64,477,704
Insurance - 0.0%
 
 
 
HDFC Life Insurance Co Ltd (d)(e)
 
1,805,293
14,392,100
ICICI Lombard General Insurance Co Ltd (d)(e)
 
452,867
8,959,649
ICICI Prudential Life Insurance Co Ltd (d)(e)
 
625,692
4,345,670
PB Fintech Ltd (b)
 
644,364
11,626,718
SBI Life Insurance Co Ltd (d)(e)
 
825,308
17,987,851
 
 
 
57,311,988
TOTAL FINANCIALS
 
 
815,598,777
Health Care - 0.2%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Apollo Hospitals Enterprise Ltd
 
195,889
14,869,952
Fortis Healthcare Ltd
 
881,447
8,185,400
Max Healthcare Institute Ltd
 
1,453,218
15,163,904
 
 
 
38,219,256
Life Sciences Tools & Services - 0.0%
 
 
 
Divi's Laboratories Ltd
 
222,629
14,691,562
Pharmaceuticals - 0.2%
 
 
 
Alkem Laboratories Ltd
 
87,733
5,432,243
Aurobindo Pharma Ltd
 
481,288
6,339,035
Cipla Ltd/India
 
1,054,260
15,222,809
Dr Reddy's Laboratories Ltd
 
1,009,599
13,401,441
Lupin Ltd
 
452,664
10,627,686
Mankind Pharma Ltd
 
227,992
5,281,207
Sun Pharmaceutical Industries Ltd
 
1,755,760
30,546,863
Torrent Pharmaceuticals Ltd
 
214,331
9,258,209
Zydus Lifesciences Ltd
 
376,649
3,636,523
 
 
 
99,746,016
TOTAL HEALTH CARE
 
 
152,656,834
Industrials - 0.4%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bharat Electronics Ltd
 
6,717,383
32,893,155
Hindustan Aeronautics Ltd (d)
 
365,767
18,426,768
 
 
 
51,319,923
Building Products - 0.0%
 
 
 
Astral Ltd
 
223,396
3,597,471
Commercial Services & Supplies - 0.0%
 
 
 
Indian Railway Catering & Tourism Corp Ltd
 
449,556
3,054,680
Construction & Engineering - 0.1%
 
 
 
Larsen & Toubro Ltd
 
1,239,193
53,142,831
Rail Vikas Nigam Ltd (d)
 
943,358
3,532,937
Voltas Ltd
 
402,440
5,828,081
 
 
 
62,503,849
Electrical Equipment - 0.1%
 
 
 
ABB India Ltd
 
100,921
6,139,854
Bharat Heavy Electricals Ltd
 
1,949,650
5,585,677
CG Power & Industrial Solutions Ltd
 
1,272,928
8,107,985
GE Vernova T&D India Ltd
 
237,034
8,350,502
Havells India Ltd
 
409,758
5,742,350
Hitachi Energy India Ltd
 
24,736
5,088,342
Polycab India Ltd
 
99,018
7,573,699
Siemens Energy India Ltd
 
164,410
4,459,622
Suzlon Energy Ltd (b)
 
19,049,608
9,903,536
 
 
 
60,951,567
Industrial Conglomerates - 0.0%
 
 
 
Siemens Ltd (b)
 
164,336
5,558,218
Machinery - 0.1%
 
 
 
Ashok Leyland Ltd
 
5,475,040
11,744,341
Cummins India Ltd
 
257,865
11,565,313
Tata Motors Ltd /new (b)
 
3,706,642
18,534,423
 
 
 
41,844,077
Passenger Airlines - 0.0%
 
 
 
InterGlobe Aviation Ltd (d)(e)
 
344,613
17,274,998
Trading Companies & Distributors - 0.0%
 
 
 
Adani Enterprises Ltd
 
280,546
6,181,595
Adani Enterprises Ltd
 
36,621
627,190
 
 
 
6,808,785
Transportation Infrastructure - 0.0%
 
 
 
Adani Ports & Special Economic Zone Ltd
 
1,004,040
15,546,666
GMR Airports Ltd (b)
 
4,855,911
4,972,206
 
 
 
20,518,872
TOTAL INDUSTRIALS
 
 
273,432,440
Information Technology - 0.4%
 
 
 
IT Services - 0.4%
 
 
 
HCL Technologies Ltd
 
1,743,694
32,244,286
Infosys Ltd
 
6,125,990
109,633,668
Infosys Ltd ADR (c)
 
57
1,002
LTIMindtree Ltd (d)(e)
 
137,707
8,972,566
Mphasis Ltd
 
231,653
6,970,256
Persistent Systems Ltd
 
204,394
13,452,546
Tata Consultancy Services Ltd
 
1,663,187
56,662,703
Tech Mahindra Ltd
 
984,724
18,719,572
Wipro Ltd
 
4,906,811
12,677,204
 
 
 
259,333,803
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
WAAREE Energies Ltd
 
159,841
4,859,171
Software - 0.0%
 
 
 
Oracle Financial Services Software Ltd
 
39,726
3,361,983
TOTAL INFORMATION TECHNOLOGY
 
 
267,554,957
Materials - 0.4%
 
 
 
Chemicals - 0.1%
 
 
 
Asian Paints Ltd
 
702,497
18,603,982
Coromandel International Ltd
 
221,801
5,521,440
PI Industries Ltd
 
139,987
4,878,339
Pidilite Industries Ltd
 
575,200
8,977,346
Solar Industries India Ltd
 
50,910
7,484,315
SRF Ltd
 
264,652
8,128,552
Supreme Industries Ltd
 
115,710
4,433,737
UPL Ltd
 
904,911
6,947,151
 
 
 
64,974,862
Construction Materials - 0.1%
 
 
 
Ambuja Cements Ltd
 
1,148,991
6,392,542
Grasim Industries Ltd
 
506,804
15,580,959
Shree Cement Ltd
 
17,134
5,042,435
UltraTech Cement Ltd
 
214,772
29,732,761
 
 
 
56,748,697
Metals & Mining - 0.2%
 
 
 
APL Apollo Tubes Ltd
 
341,139
7,610,837
Hindalco Industries Ltd
 
2,469,788
25,927,737
Jindal Stainless Ltd
 
602,844
5,407,871
Jindal Steel Ltd
 
673,319
8,312,399
JSW Steel Ltd
 
1,114,930
14,766,190
NMDC Ltd
 
5,668,000
5,019,938
Tata Steel Ltd
 
13,734,247
28,927,685
Vedanta Ltd
 
2,542,467
18,897,838
 
 
 
114,870,495
TOTAL MATERIALS
 
 
236,594,054
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
DLF Ltd
 
1,380,228
9,569,655
Godrej Properties Ltd (b)
 
288,707
4,964,700
Lodha Developers Ltd (d)(e)
 
562,028
5,954,699
Oberoi Realty Ltd
 
234,350
3,810,417
Phoenix Mills Ltd/The
 
348,391
6,347,818
Prestige Estates Projects Ltd
 
331,432
5,282,656
TOTAL REAL ESTATE
 
 
35,929,945
Utilities - 0.1%
 
 
 
Electric Utilities - 0.0%
 
 
 
Power Grid Corp of India Ltd
 
8,472,352
23,700,114
Tata Power Co Ltd/The
 
2,978,208
11,897,372
Torrent Power Ltd
 
337,193
5,102,722
 
 
 
40,700,208
Gas Utilities - 0.0%
 
 
 
GAIL India Ltd
 
4,332,975
7,905,243
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Adani Power Ltd (b)
 
5,364,904
7,920,919
JSW Energy Ltd
 
798,920
4,006,188
NHPC Ltd
 
5,620,052
4,792,986
NTPC Ltd
 
7,967,003
30,931,720
 
 
 
47,651,813
TOTAL UTILITIES
 
 
96,257,264
TOTAL INDIA
 
 
2,747,397,444
INDONESIA - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telkom Indonesia Persero Tbk PT
 
90,893,200
19,429,367
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
GoTo Gojek Tokopedia Tbk PT Class A (b)
 
1,650,824,868
6,346,619
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Sumber Alfaria Trijaya Tbk PT
 
34,449,000
3,584,549
Food Products - 0.0%
 
 
 
Charoen Pokphand Indonesia Tbk PT
 
13,759,000
3,636,309
Indofood Sukses Makmur Tbk PT
 
8,023,700
3,258,355
 
 
 
6,894,664
TOTAL CONSUMER STAPLES
 
 
10,479,213
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Dian Swastatika Sentosa Tbk PT (b)
 
1,860,400
11,060,244
Petrindo Jaya Kreasi Tbk PT
 
41,731,100
4,512,462
United Tractors Tbk PT
 
2,835,212
4,416,857
TOTAL ENERGY
 
 
19,989,563
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Bank Central Asia Tbk PT
 
101,893,600
45,021,630
Bank Mandiri Persero Tbk PT
 
68,234,000
19,634,081
Bank Negara Indonesia Persero Tbk PT
 
27,905,278
7,489,918
Bank Rakyat Indonesia Persero Tbk PT
 
125,246,800
28,431,522
TOTAL FINANCIALS
 
 
100,577,151
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.1%
 
 
 
Astra International Tbk PT
 
37,749,800
14,313,642
Jardine Matheson Holdings Ltd (Singapore)
 
298,564
21,726,503
TOTAL INDUSTRIALS
 
 
36,040,145
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Barito Pacific Tbk PT (b)
 
43,546,117
5,603,524
Chandra Asri Pacific Tbk PT
 
16,167,900
6,238,280
 
 
 
11,841,804
Metals & Mining - 0.0%
 
 
 
Amman Mineral Internasional PT (b)
 
26,931,100
12,108,516
Bumi Resources Minerals Tbk PT (b)
 
105,319,504
6,682,672
 
 
 
18,791,188
TOTAL MATERIALS
 
 
30,632,992
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Barito Renewables Energy Tbk PT (b)
 
14,900,800
7,538,743
TOTAL INDONESIA
 
 
231,033,793
IRELAND - 0.3%
 
 
 
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Kerry Group PLC Class A
 
297,631
26,389,208
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
AIB Group PLC
 
3,940,767
44,142,729
Bank of Ireland Group PLC
 
1,759,910
35,766,344
TOTAL FINANCIALS
 
 
79,909,073
Industrials - 0.1%
 
 
 
Building Products - 0.0%
 
 
 
Kingspan Group PLC
 
282,265
24,591,837
Trading Companies & Distributors - 0.1%
 
 
 
AerCap Holdings NV
 
325,115
46,706,021
TOTAL INDUSTRIALS
 
 
71,297,858
TOTAL IRELAND
 
 
177,596,139
ISRAEL - 0.6%
 
 
 
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Bank Hapoalim BM
 
2,306,806
57,207,806
Bank Leumi Le-Israel BM
 
2,746,895
66,225,369
Israel Discount Bank Ltd Class A
 
2,249,823
26,601,717
Mizrahi Tefahot Bank Ltd
 
286,993
22,536,124
 
 
 
172,571,016
Insurance - 0.0%
 
 
 
Phoenix Financial Ltd
 
421,841
20,550,059
TOTAL FINANCIALS
 
 
193,121,075
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Teva Pharmaceutical Industries Ltd ADR (b)
 
2,115,226
72,086,902
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Elbit Systems Ltd
 
51,287
36,368,244
Information Technology - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
Wix.com Ltd (b)
 
103,188
8,960,846
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Nova Ltd (Israel) (b)
 
54,219
26,937,641
Software - 0.1%
 
 
 
Check Point Software Technologies Ltd (b)(c)
 
157,987
28,360,246
Nice Ltd (b)
 
104,872
11,202,271
Nice Ltd ADR (b)(c)
 
10,143
1,079,317
 
 
 
40,641,834
TOTAL INFORMATION TECHNOLOGY
 
 
76,540,321
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
ICL Group Ltd
 
1,452,111
7,907,871
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Azrieli Group Ltd
 
77,948
10,499,021
TOTAL ISRAEL
 
 
396,523,434
ITALY - 2.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Infrastrutture Wireless Italiane SpA (c)(d)(e)
 
510,859
4,505,267
Telecom Italia SpA/Milano (b)
 
13,573,972
9,171,248
Telecom Italia SpA/Milano (b)
 
6,268,050
4,969,072
TOTAL COMMUNICATION SERVICES
 
 
18,645,587
Consumer Discretionary - 0.2%
 
 
 
Automobiles - 0.2%
 
 
 
Ferrari NV (Italy)
 
232,407
77,355,806
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Moncler SpA
 
428,922
24,917,796
TOTAL CONSUMER DISCRETIONARY
 
 
102,273,602
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Coca-Cola HBC AG
 
401,040
21,676,142
Davide Campari-Milano NV
 
1,160,345
8,230,483
TOTAL CONSUMER STAPLES
 
 
29,906,625
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Eni SpA
 
3,774,526
77,148,041
Financials - 1.1%
 
 
 
Banks - 0.9%
 
 
 
Banca Monte dei Paschi di Siena SpA
 
3,639,923
37,683,566
Banco BPM SpA
 
2,093,326
31,314,308
BPER Banca SPA
 
2,718,750
38,204,757
FinecoBank Banca Fineco SpA
 
1,125,693
29,822,503
Intesa Sanpaolo SpA
 
26,302,610
186,206,482
UniCredit SpA
 
2,587,200
225,464,284
 
 
 
548,695,900
Financial Services - 0.1%
 
 
 
Banca Mediolanum SpA
 
415,226
9,725,638
Nexi SpA (c)(d)(e)
 
1,011,211
4,321,093
Poste Italiane SpA (d)(e)
 
844,218
22,215,403
 
 
 
36,262,134
Insurance - 0.1%
 
 
 
Generali
 
1,573,774
64,153,617
Unipol Assicurazioni SpA
 
659,757
14,682,857
 
 
 
78,836,474
TOTAL FINANCIALS
 
 
663,794,508
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Recordati Industria Chimica e Farmaceutica SpA
 
209,800
11,524,128
Industrials - 0.3%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Leonardo SpA
 
745,935
49,848,329
Electrical Equipment - 0.1%
 
 
 
Prysmian SpA
 
518,890
61,783,406
Passenger Airlines - 0.1%
 
 
 
Ryanair Holdings PLC
 
1,554,023
52,742,530
TOTAL INDUSTRIALS
 
 
164,374,265
Utilities - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
Enel SpA
 
15,025,430
166,009,393
Terna - Rete Elettrica Nazionale
 
2,594,525
28,066,285
 
 
 
194,075,678
Gas Utilities - 0.0%
 
 
 
Snam SpA
 
3,724,523
25,597,378
TOTAL UTILITIES
 
 
219,673,056
TOTAL ITALY
 
 
1,287,339,812
JAPAN - 13.7%
 
 
 
Communication Services - 0.9%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
NTT Inc
 
55,154,175
55,423,328
Entertainment - 0.3%
 
 
 
Capcom Co Ltd (c)
 
646,300
16,473,492
Konami Group Corp
 
185,036
26,865,850
Nexon Co Ltd
 
683,859
16,274,572
Nintendo Co Ltd
 
2,035,790
126,067,433
Toho Co Ltd/Tokyo (c)
 
197,805
10,067,911
 
 
 
195,749,258
Interactive Media & Services - 0.0%
 
 
 
LY Corp
 
5,033,549
12,888,010
Wireless Telecommunication Services - 0.5%
 
 
 
KDDI Corp
 
5,410,514
91,350,988
SoftBank Corp
 
53,053,070
72,112,868
SoftBank Group Corp
 
7,049,976
192,516,426
 
 
 
355,980,282
TOTAL COMMUNICATION SERVICES
 
 
620,040,878
Consumer Discretionary - 2.2%
 
 
 
Automobile Components - 0.3%
 
 
 
Aisin Corp
 
905,303
16,165,707
Bridgestone Corp
 
2,105,390
47,401,293
Denso Corp
 
3,217,500
44,642,055
Sumitomo Electric Industries Ltd
 
1,317,503
57,242,764
 
 
 
165,451,819
Automobiles - 0.9%
 
 
 
Honda Motor Co Ltd
 
6,813,658
68,528,619
Isuzu Motors Ltd (c)
 
994,592
15,970,284
Nissan Motor Co Ltd (b)
 
4,159,825
10,139,009
Subaru Corp
 
1,076,778
23,116,456
Suzuki Motor Corp
 
2,894,928
39,404,018
Toyota Motor Corp
 
17,484,730
396,300,274
Yamaha Motor Co Ltd (c)
 
1,717,517
12,912,452
 
 
 
566,371,112
Broadline Retail - 0.1%
 
 
 
Pan Pacific International Holdings Corp
 
3,503,355
20,741,760
Rakuten Group Inc (b)
 
2,824,660
16,882,983
Ryohin Keikaku Co Ltd
 
930,500
18,524,622
 
 
 
56,149,365
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Oriental Land Co Ltd/Japan (c)
 
1,989,940
34,836,704
Zensho Holdings Co Ltd
 
180,100
9,748,628
 
 
 
44,585,332
Household Durables - 0.5%
 
 
 
Panasonic Holdings Corp
 
4,296,893
58,913,402
Sekisui House Ltd (c)
 
1,087,703
24,163,368
Sony Group Corp
 
11,341,600
250,058,566
 
 
 
333,135,336
Leisure Products - 0.0%
 
 
 
Bandai Namco Holdings Inc
 
1,068,194
27,678,069
Shimano Inc (c)
 
139,290
15,877,329
 
 
 
43,555,398
Specialty Retail - 0.3%
 
 
 
Fast Retailing Co Ltd
 
352,089
133,773,799
Nitori Holdings Co Ltd (c)
 
748,710
12,798,434
Sanrio Co Ltd (c)
 
332,500
10,216,060
ZOZO Inc
 
848,089
6,992,515
 
 
 
163,780,808
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Asics Corp
 
1,285,149
30,849,887
TOTAL CONSUMER DISCRETIONARY
 
 
1,403,879,057
Consumer Staples - 0.6%
 
 
 
Beverages - 0.1%
 
 
 
Asahi Group Holdings Ltd (c)
 
2,797,151
29,144,520
Kirin Holdings Co Ltd
 
1,428,520
22,079,477
Suntory Beverage & Food Ltd
 
259,703
8,177,389
 
 
 
59,401,386
Consumer Staples Distribution & Retail - 0.2%
 
 
 
Aeon Co Ltd
 
4,105,634
56,108,917
Kobe Bussan Co Ltd
 
281,872
6,930,234
MatsukiyoCocokara & Co
 
609,400
9,757,645
Seven & i Holdings Co Ltd
 
3,836,416
54,939,799
Tsuruha Holdings Inc (c)
 
391,800
6,243,078
 
 
 
133,979,673
Food Products - 0.1%
 
 
 
Ajinomoto Co Inc
 
1,667,830
37,934,619
Kikkoman Corp (c)
 
1,271,140
11,421,040
 
 
 
49,355,659
Household Products - 0.0%
 
 
 
Unicharm Corp
 
2,089,691
12,684,516
Personal Care Products - 0.1%
 
 
 
Kao Corp
 
855,026
34,203,173
Shiseido Co Ltd (c)
 
749,175
12,726,681
 
 
 
46,929,854
Tobacco - 0.1%
 
 
 
Japan Tobacco Inc
 
2,213,826
80,011,425
TOTAL CONSUMER STAPLES
 
 
382,362,513
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
ENEOS Holdings Inc
 
4,984,564
41,822,540
Idemitsu Kosan Co Ltd
 
1,435,035
12,114,715
Inpex Corp
 
1,623,612
36,121,066
TOTAL ENERGY
 
 
90,058,321
Financials - 2.5%
 
 
 
Banks - 1.6%
 
 
 
Chiba Bank Ltd/The
 
1,052,694
14,175,590
Japan Post Bank Co Ltd
 
3,297,953
58,389,708
Mitsubishi UFJ Financial Group Inc
 
21,150,218
383,038,245
Mizuho Financial Group Inc
 
4,593,432
199,437,359
Resona Holdings Inc
 
3,827,489
44,629,043
Sumitomo Mitsui Financial Group Inc
 
6,760,016
237,888,012
Sumitomo Mitsui Trust Group Inc
 
1,169,314
39,053,684
Yokohama Financial Group Inc
 
1,921,188
17,429,232
 
 
 
994,040,873
Capital Markets - 0.2%
 
 
 
Daiwa Securities Group Inc
 
2,455,651
23,856,754
Japan Exchange Group Inc
 
1,825,888
19,924,496
Nomura Holdings Inc
 
5,539,965
50,205,041
SBI Holdings Inc
 
1,033,830
23,273,867
 
 
 
117,260,158
Financial Services - 0.1%
 
 
 
Mitsubishi HC Capital Inc
 
1,640,216
14,297,308
ORIX Corp
 
2,142,154
65,283,008
Sony Financial Group Inc (b)
 
11,302,600
11,356,644
 
 
 
90,936,960
Insurance - 0.6%
 
 
 
Dai-ichi Life Holdings Inc
 
6,481,964
56,648,076
Japan Post Holdings Co Ltd
 
3,288,446
39,405,680
Japan Post Insurance Co Ltd
 
345,142
10,649,089
MS&AD Insurance Group Holdings Inc
 
2,372,945
60,456,906
Sompo Holdings Inc
 
1,636,462
56,432,618
T&D Holdings Inc
 
850,453
20,898,635
Tokio Marine Holdings Inc
 
3,389,224
126,325,019
 
 
 
370,816,023
TOTAL FINANCIALS
 
 
1,573,054,014
Health Care - 0.9%
 
 
 
Health Care Equipment & Supplies - 0.3%
 
 
 
Hoya Corp
 
633,082
105,827,290
Olympus Corp
 
2,095,563
24,928,479
Sysmex Corp
 
940,887
8,902,924
Terumo Corp
 
2,452,748
32,085,040
 
 
 
171,743,733
Health Care Technology - 0.0%
 
 
 
M3 Inc (c)
 
824,802
10,177,265
Pharmaceuticals - 0.6%
 
 
 
Astellas Pharma Inc
 
3,338,865
46,443,268
Chugai Pharmaceutical Co Ltd
 
1,238,824
70,762,532
Daiichi Sankyo Co Ltd
 
3,317,496
60,775,296
Eisai Co Ltd
 
481,597
13,426,653
Kyowa Kirin Co Ltd
 
443,821
7,182,409
Otsuka Holdings Co Ltd
 
800,703
47,811,427
Shionogi & Co Ltd
 
1,392,382
28,668,015
Takeda Pharmaceutical Co Ltd
 
2,935,920
99,937,878
 
 
 
375,007,478
TOTAL HEALTH CARE
 
 
556,928,476
Industrials - 3.6%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
SG Holdings Co Ltd (c)
 
543,649
5,234,150
Building Products - 0.1%
 
 
 
Agc Inc
 
364,996
13,440,890
Daikin Industries Ltd
 
485,882
58,223,424
 
 
 
71,664,314
Commercial Services & Supplies - 0.1%
 
 
 
Dai Nippon Printing Co Ltd
 
721,442
12,901,206
Secom Co Ltd
 
730,118
26,746,851
TOPPAN Holdings Inc
 
437,977
13,482,311
 
 
 
53,130,368
Construction & Engineering - 0.1%
 
 
 
Kajima Corp
 
780,378
31,767,779
Obayashi Corp
 
1,172,885
26,427,047
Taisei Corp
 
270,102
26,860,105
 
 
 
85,054,931
Electrical Equipment - 0.3%
 
 
 
Fuji Electric Co Ltd
 
260,704
18,513,420
Fujikura Ltd
 
463,700
58,636,657
Mitsubishi Electric Corp
 
3,508,597
109,501,961
NIDEC CORP (c)
 
1,538,112
22,002,327
 
 
 
208,654,365
Ground Transportation - 0.2%
 
 
 
Central Japan Railway Co
 
1,422,690
39,593,731
East Japan Railway Co
 
1,774,243
44,631,223
Hankyu Hanshin Holdings Inc
 
438,180
12,220,114
Seibu Holdings Inc
 
394,600
10,441,245
Tokyo Metro Co Ltd (c)
 
554,100
5,916,581
Tokyu Corp
 
940,275
10,605,131
West Japan Railway Co
 
748,760
15,283,877
 
 
 
138,691,902
Industrial Conglomerates - 0.5%
 
 
 
Hikari Tsushin Inc
 
32,970
9,056,310
Hitachi Ltd
 
8,450,945
293,248,941
Sekisui Chemical Co Ltd
 
696,339
12,297,070
 
 
 
314,602,321
Machinery - 0.9%
 
 
 
Daifuku Co Ltd (c)
 
594,327
21,267,659
Ebara Corp (c)
 
851,300
25,611,610
FANUC Corp
 
1,720,025
69,066,912
IHI Corp
 
1,896,500
43,723,908
Kawasaki Heavy Industries Ltd
 
278,200
23,144,385
Komatsu Ltd
 
1,753,464
67,114,226
Kubota Corp
 
1,800,267
27,563,535
Makita Corp
 
419,568
14,507,033
MINEBEA MITSUMI Inc
 
674,600
13,665,489
Mitsubishi Heavy Industries Ltd
 
5,911,580
174,060,204
SMC Corp
 
105,855
41,153,394
Toyota Industries Corp (c)
 
301,043
38,427,917
 
 
 
559,306,272
Marine Transportation - 0.1%
 
 
 
Kawasaki Kisen Kaisha Ltd (c)
 
656,500
9,455,534
Mitsui OSK Lines Ltd (c)
 
642,200
20,080,162
Nippon Yusen KK (c)
 
753,933
24,777,919
 
 
 
54,313,615
Passenger Airlines - 0.0%
 
 
 
ANA Holdings Inc
 
300,351
5,831,964
Japan Airlines Co Ltd
 
271,426
5,129,138
 
 
 
10,961,102
Professional Services - 0.2%
 
 
 
Recruit Holdings Co Ltd
 
2,595,783
136,729,710
Trading Companies & Distributors - 1.1%
 
 
 
ITOCHU Corp
 
10,962,555
140,348,916
Marubeni Corp
 
2,604,045
86,066,750
Mitsubishi Corp
 
5,946,303
157,971,535
Mitsui & Co Ltd
 
4,556,492
148,242,034
MonotaRO Co Ltd
 
469,508
6,333,170
Sumitomo Corp
 
2,010,669
81,651,442
Toyota Tsusho Corp
 
1,272,985
46,112,393
 
 
 
666,726,240
TOTAL INDUSTRIALS
 
 
2,305,069,290
Information Technology - 2.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.5%
 
 
 
Keyence Corp
 
358,829
130,862,683
Kyocera Corp
 
2,363,424
35,246,721
Murata Manufacturing Co Ltd
 
3,075,083
62,472,026
Shimadzu Corp (c)
 
441,177
11,870,386
TDK Corp
 
3,578,835
46,178,531
Yokogawa Electric Corp
 
418,700
13,873,699
 
 
 
300,504,046
IT Services - 0.3%
 
 
 
Fujitsu Ltd
 
3,246,680
90,211,545
NEC Corp
 
2,390,715
80,483,492
Nomura Research Institute Ltd
 
695,880
21,138,097
Obic Co Ltd
 
594,660
16,511,075
Otsuka Corp
 
427,164
8,451,642
TIS Inc
 
389,367
11,316,702
 
 
 
228,112,553
Semiconductors & Semiconductor Equipment - 1.1%
 
 
 
Advantest Corp
 
1,413,228
232,905,015
Disco Corp
 
169,987
72,457,060
Kioxia Holdings Corp (b)
 
348,300
48,072,422
Lasertec Corp
 
147,695
33,931,077
Renesas Electronics Corp
 
3,274,883
54,446,426
SCREEN Holdings Co Ltd (c)
 
150,900
19,169,643
Tokyo Electron Ltd
 
826,358
220,190,595
 
 
 
681,172,238
Software - 0.0%
 
 
 
Oracle Corp Japan
 
72,003
4,866,577
Trend Micro Inc/Japan (c)
 
238,845
9,337,117
 
 
 
14,203,694
Technology Hardware, Storage & Peripherals - 0.1%
 
 
 
Canon Inc
 
1,595,328
48,294,855
Canon Inc ADR
 
1,310
39,863
FUJIFILM Holdings Corp
 
2,062,244
41,193,859
 
 
 
89,528,577
TOTAL INFORMATION TECHNOLOGY
 
 
1,313,521,108
Materials - 0.5%
 
 
 
Chemicals - 0.4%
 
 
 
Asahi Kasei Corp
 
2,383,025
23,089,597
Mitsubishi Chemical Group Corp
 
2,378,684
15,677,550
Nippon Paint Holdings Co Ltd (c)
 
1,771,630
11,728,062
Nippon Sanso Holdings Corp
 
324,286
9,823,293
Nitto Denko Corp (c)
 
1,246,450
27,593,291
Shin-Etsu Chemical Co Ltd
 
3,110,485
102,287,010
Toray Industries Inc
 
2,542,619
18,704,909
 
 
 
208,903,712
Metals & Mining - 0.1%
 
 
 
JFE Holdings Inc
 
1,055,090
14,221,489
JX Advanced Metals Corp
 
1,033,100
16,932,400
Nippon Steel Corp
 
8,908,095
37,120,499
Sumitomo Metal Mining Co Ltd
 
455,232
25,724,443
 
 
 
93,998,831
TOTAL MATERIALS
 
 
302,902,543
Real Estate - 0.3%
 
 
 
Office REITs - 0.0%
 
 
 
Nippon Building Fund Inc
 
14,570
13,509,919
Real Estate Management & Development - 0.3%
 
 
 
Daito Trust Construction Co Ltd
 
533,305
10,824,717
Daiwa House Industry Co Ltd
 
1,032,108
35,079,401
Hulic Co Ltd
 
855,372
10,164,313
Mitsubishi Estate Co Ltd
 
1,959,612
49,889,321
Mitsui Fudosan Co Ltd
 
4,868,630
55,604,184
Sumitomo Realty & Development Co Ltd
 
1,120,458
31,095,678
 
 
 
192,657,614
TOTAL REAL ESTATE
 
 
206,167,533
Utilities - 0.1%
 
 
 
Electric Utilities - 0.0%
 
 
 
Chubu Electric Power Co Inc
 
1,254,295
18,227,639
Kansai Electric Power Co Inc/The
 
1,744,999
27,827,976
 
 
 
46,055,615
Gas Utilities - 0.1%
 
 
 
Osaka Gas Co Ltd
 
660,318
24,721,391
Tokyo Gas Co Ltd
 
580,339
25,672,014
 
 
 
50,393,405
TOTAL UTILITIES
 
 
96,449,020
TOTAL JAPAN
 
 
8,850,432,753
KOREA (SOUTH) - 4.7%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
LG Uplus Corp
 
383,731
4,232,142
Entertainment - 0.0%
 
 
 
HYBE Co Ltd
 
42,581
10,977,435
Krafton Inc (b)
 
53,320
9,335,493
 
 
 
20,312,928
Interactive Media & Services - 0.2%
 
 
 
Kakao Corp
 
568,780
24,072,772
NAVER Corp
 
259,938
49,273,779
 
 
 
73,346,551
Wireless Telecommunication Services - 0.0%
 
 
 
SK Telecom Co Ltd
 
192,667
9,633,810
TOTAL COMMUNICATION SERVICES
 
 
107,525,431
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.1%
 
 
 
Hankook Tire & Technology Co Ltd
 
136,650
5,981,316
Hyundai Mobis Co Ltd
 
109,903
34,014,908
 
 
 
39,996,224
Automobiles - 0.2%
 
 
 
Hyundai Motor Co
 
246,426
84,931,724
Kia Corp
 
435,377
45,796,620
 
 
 
130,728,344
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Delivery Hero SE (b)(d)(e)
 
356,235
9,935,115
Hanjin Kal Corp (b)(c)
 
43,228
3,364,127
 
 
 
13,299,242
Household Durables - 0.0%
 
 
 
Coway Co Ltd (b)
 
99,751
5,734,515
LG Electronics Inc
 
197,192
13,470,272
 
 
 
19,204,787
TOTAL CONSUMER DISCRETIONARY
 
 
203,228,597
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Samyang Foods Co Ltd
 
7,775
6,324,058
Personal Care Products - 0.0%
 
 
 
Amorepacific Corp
 
53,466
5,115,411
APR Corp/Korea
 
45,178
8,408,222
LG H&H Co Ltd (c)
 
17,474
3,161,805
 
 
 
16,685,438
Tobacco - 0.0%
 
 
 
KT&G Corp
 
178,638
18,950,727
TOTAL CONSUMER STAPLES
 
 
41,960,223
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
HD Hyundai Co Ltd
 
79,908
12,889,009
S-Oil Corp (b)
 
83,037
6,061,513
SK Innovation Co Ltd
 
125,692
9,703,738
TOTAL ENERGY
 
 
28,654,260
Financials - 0.4%
 
 
 
Banks - 0.3%
 
 
 
Hana Financial Group Inc
 
511,494
35,292,956
Industrial Bank of Korea
 
501,464
7,656,440
KakaoBank Corp
 
309,529
4,885,964
KB Financial Group Inc
 
667,568
61,995,855
Shinhan Financial Group Co Ltd
 
803,632
46,600,449
Woori Financial Group Inc
 
1,213,186
25,296,834
 
 
 
181,728,498
Capital Markets - 0.0%
 
 
 
Korea Investment Holdings Co Ltd
 
77,362
11,491,808
Mirae Asset Securities Co Ltd
 
371,760
10,954,995
NH Investment & Securities Co Ltd
 
265,082
4,942,662
 
 
 
27,389,465
Financial Services - 0.0%
 
 
 
Meritz Financial Group Inc
 
146,717
11,792,133
Insurance - 0.1%
 
 
 
DB Insurance Co Ltd
 
85,621
8,416,145
Samsung Fire & Marine Insurance Co Ltd
 
54,983
18,988,015
Samsung Life Insurance Co Ltd
 
147,177
19,103,093
 
 
 
46,507,253
TOTAL FINANCIALS
 
 
267,417,349
Health Care - 0.2%
 
 
 
Biotechnology - 0.2%
 
 
 
Alteogen Inc (b)
 
73,900
21,038,167
Celltrion Inc
 
276,644
40,045,522
 
 
 
61,083,689
Health Care Equipment & Supplies - 0.0%
 
 
 
HLB Inc (b)(c)
 
218,772
8,369,473
Life Sciences Tools & Services - 0.0%
 
 
 
Samsung Biologics Co Ltd (b)(d)(e)
 
21,299
25,619,347
Pharmaceuticals - 0.0%
 
 
 
SK Biopharmaceuticals Co Ltd (b)
 
57,519
4,678,501
Yuhan Corp (b)
 
105,335
7,841,694
 
 
 
12,520,195
TOTAL HEALTH CARE
 
 
107,592,704
Industrials - 0.9%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Hanwha Aerospace Co Ltd
 
61,789
55,369,159
Hanwha Systems Co Ltd (b)(c)
 
140,581
9,128,322
Korea Aerospace Industries Ltd
 
134,471
15,600,056
LIG Nex1 Co Ltd (b)
 
24,577
8,157,152
 
 
 
88,254,689
Air Freight & Logistics - 0.0%
 
 
 
Hyundai Glovis Co Ltd
 
68,946
11,501,059
Electrical Equipment - 0.4%
 
 
 
Doosan Enerbility Co Ltd (b)
 
826,785
51,633,813
Ecopro BM Co Ltd (b)(c)
 
91,487
14,630,554
Ecopro Co Ltd (c)
 
187,690
21,023,640
HD Hyundai Electric Co Ltd
 
43,121
26,424,331
Hyosung Heavy Industries Corp
 
10,402
18,663,987
LG Energy Solution Ltd (b)(c)
 
86,176
23,641,924
LS Electric Co Ltd (b)
 
27,783
10,839,493
POSCO Future M Co Ltd (b)(c)
 
66,040
10,174,147
 
 
 
177,031,889
Industrial Conglomerates - 0.2%
 
 
 
Doosan Co Ltd
 
13,814
8,103,309
LG Corp
 
167,546
10,590,508
Samsung C&T Corp
 
156,505
32,525,871
SK Inc
 
67,667
15,555,579
SK Square Co Ltd (b)
 
171,094
67,223,798
 
 
 
133,999,065
Machinery - 0.2%
 
 
 
Doosan Bobcat Inc
 
96,468
3,909,975
Hanwha Ocean Co Ltd (b)
 
254,036
24,252,608
HD Hyundai Heavy Industries Co Ltd
 
67,665
26,819,171
HD Hyundai Marine Solution Co Ltd
 
28,987
3,664,511
HD Korea Shipbuilding & Offshore Engineering Co Ltd
 
78,104
22,261,898
Hyundai Rotem Co Ltd
 
140,640
22,345,660
Samsung Heavy Industries Co Ltd (b)
 
1,296,267
26,314,382
 
 
 
129,568,205
Marine Transportation - 0.0%
 
 
 
Hanjin Shipping Co Ltd (b)(f)
 
12
0
HMM Co Ltd
 
438,765
6,048,886
 
 
 
6,048,886
Passenger Airlines - 0.0%
 
 
 
Korean Air Lines Co Ltd (b)
 
338,788
5,441,233
Trading Companies & Distributors - 0.0%
 
 
 
Posco International Corp
 
96,502
4,150,824
TOTAL INDUSTRIALS
 
 
555,995,850
Information Technology - 2.6%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
LG Display Co Ltd (b)
 
550,831
4,406,731
Samsung Electro-Mechanics Co Ltd
 
104,289
20,056,545
Samsung SDI Co Ltd
 
111,319
29,925,906
 
 
 
54,389,182
IT Services - 0.0%
 
 
 
Samsung SDS Co Ltd
 
78,797
9,401,998
Semiconductors & Semiconductor Equipment - 1.0%
 
 
 
Hanmi Semiconductor Co Ltd (c)
 
79,131
11,509,130
SK Hynix Inc
 
1,007,207
631,096,871
 
 
 
642,606,001
Technology Hardware, Storage & Peripherals - 1.5%
 
 
 
Samsung Electronics Co Ltd
 
8,736,166
966,516,612
TOTAL INFORMATION TECHNOLOGY
 
 
1,672,913,793
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
LG Chem Ltd
 
90,870
19,448,922
Metals & Mining - 0.1%
 
 
 
POSCO Holdings Inc
 
134,053
31,916,620
TOTAL MATERIALS
 
 
51,365,542
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Korea Electric Power Corp
 
473,044
18,930,327
TOTAL KOREA (SOUTH)
 
 
3,055,584,076
KUWAIT - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Mobile Telecommunications Co KSCP
 
3,581,766
5,948,227
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Boubyan Bank KSCP
 
2,841,927
6,274,264
Gulf Bank KSCP
 
3,792,368
4,260,394
Kuwait Finance House KSCP
 
20,740,193
54,568,792
National Bank of Kuwait SAKP
 
15,573,275
48,225,935
Warba Bank KSCP
 
4,144,395
3,819,159
TOTAL FINANCIALS
 
 
117,148,544
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Mabanee Co KPSC
 
1,235,817
4,044,273
TOTAL KUWAIT
 
 
127,141,044
LUXEMBOURG - 0.1%
 
 
 
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
CVC Capital Partners PLC (d)(e)
 
403,073
7,133,293
Reinet Investments SCA (South Africa)
 
258,344
8,773,927
TOTAL FINANCIALS
 
 
15,907,220
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Eurofins Scientific SE
 
220,712
17,826,853
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
ArcelorMittal SA
 
865,185
47,154,653
TOTAL LUXEMBOURG
 
 
80,888,726
MACAU - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Galaxy Entertainment Group Ltd
 
3,612,239
18,403,133
Sands China Ltd
 
4,515,265
9,843,059
 
 
 
 
TOTAL MACAU
 
 
28,246,192
MALAYSIA - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telekom Malaysia Bhd
 
2,179,499
4,367,844
Wireless Telecommunication Services - 0.0%
 
 
 
Axiata Group Berhad
 
5,065,015
2,955,235
CELCOMDIGI BHD
 
6,443,800
5,328,967
Maxis Bhd
 
4,342,500
4,208,105
 
 
 
12,492,307
TOTAL COMMUNICATION SERVICES
 
 
16,860,151
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
MR DIY Group M Bhd (d)(e)
 
6,086,150
2,825,381
Petronas Dagangan Bhd
 
541,700
2,913,252
TOTAL CONSUMER DISCRETIONARY
 
 
5,738,633
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
IOI Corp Bhd
 
4,606,700
4,662,794
Kuala Lumpur Kepong Bhd
 
927,285
4,587,026
Nestle Malaysia Bhd
 
128,300
3,645,256
QL Resources Bhd
 
3,060,150
3,120,701
SD Guthrie Bhd
 
3,843,724
5,694,406
TOTAL CONSUMER STAPLES
 
 
21,710,183
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
AMMB Holdings Bhd
 
4,479,100
7,328,817
CIMB Group Holdings Bhd
 
14,856,988
32,337,128
Hong Leong Bank Bhd
 
1,195,800
7,826,393
Malayan Banking Bhd
 
11,146,068
33,364,689
Public Bank Bhd
 
26,785,500
33,091,168
RHB Bank Bhd
 
3,298,576
7,070,767
TOTAL FINANCIALS
 
 
121,018,962
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
IHH Healthcare Bhd
 
4,069,100
9,248,893
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Gamuda Bhd
 
8,549,477
9,586,172
Industrial Conglomerates - 0.0%
 
 
 
Sunway Bhd
 
4,548,400
6,646,064
Marine Transportation - 0.0%
 
 
 
MISC Bhd
 
2,445,200
4,962,354
TOTAL INDUSTRIALS
 
 
21,194,590
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Petronas Chemicals Group Bhd
 
4,500,300
3,687,460
Metals & Mining - 0.0%
 
 
 
Press Metal Aluminium Holdings Bhd
 
6,931,000
13,292,329
TOTAL MATERIALS
 
 
16,979,789
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Tenaga Nasional Bhd
 
4,815,525
17,029,026
Gas Utilities - 0.0%
 
 
 
Petronas Gas Bhd
 
1,456,000
6,788,757
Multi-Utilities - 0.0%
 
 
 
YTL Corp Bhd
 
5,455,000
2,878,336
YTL Corp Bhd warrants 6/2/2028 (b)
 
1,212,600
214,863
YTL Power International Bhd
 
5,648,400
4,628,192
YTL Power International Bhd warrants 6/2/2028 (b)
 
952,180
236,603
 
 
 
7,957,994
TOTAL UTILITIES
 
 
31,775,777
TOTAL MALAYSIA
 
 
244,526,978
MEXICO - 0.7%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
America Movil SAB de CV Series B
 
33,435,146
34,456,797
Consumer Staples - 0.2%
 
 
 
Beverages - 0.1%
 
 
 
Arca Continental SAB de CV (c)
 
961,062
10,830,370
Coca-Cola Femsa SAB de CV unit
 
976,675
10,214,961
Fomento Economico Mexicano SAB de CV unit
 
3,162,100
33,003,379
 
 
 
54,048,710
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Grupo Comercial Chedraui SA de CV (c)
 
638,500
4,383,202
Wal-Mart de Mexico SAB de CV Series V
 
9,569,700
30,369,396
 
 
 
34,752,598
Food Products - 0.0%
 
 
 
Gruma SAB de CV Series B
 
292,565
5,268,212
Grupo Bimbo SAB de CV (c)
 
2,448,100
8,503,072
Sigma Foods SAB de CV (c)
 
6,537,358
6,460,298
 
 
 
20,231,582
Household Products - 0.0%
 
 
 
Kimberly-Clark de Mexico SAB de CV Series A (c)
 
2,741,100
6,071,640
TOTAL CONSUMER STAPLES
 
 
115,104,530
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Grupo Financiero Banorte SAB de CV
 
4,667,400
52,765,977
Grupo Financiero Inbursa SAB de CV Series O (c)
 
2,828,600
7,076,356
TOTAL FINANCIALS
 
 
59,842,333
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Grupo Carso SAB de CV Series A1 (c)
 
1,033,400
7,034,996
Transportation Infrastructure - 0.1%
 
 
 
Grupo Aeroportuario del Centro Norte SAB de CV Series B
 
517,900
7,537,644
Grupo Aeroportuario del Pacifico SAB de CV Series B
 
719,640
19,758,392
Grupo Aeroportuario del Sureste SAB de CV Series B (c)
 
335,585
11,610,097
Promotora y Operadora de Infraestructura SAB de CV
 
347,735
5,437,289
 
 
 
44,343,422
TOTAL INDUSTRIALS
 
 
51,378,418
Materials - 0.3%
 
 
 
Construction Materials - 0.1%
 
 
 
Cemex SAB de CV unit
 
27,876,840
34,582,850
Metals & Mining - 0.2%
 
 
 
Fresnillo PLC
 
407,774
20,656,329
Grupo Mexico SAB de CV Series B
 
5,743,923
63,779,369
Industrias Penoles SAB de CV (b)
 
366,540
21,242,373
Southern Copper Corp (c)
 
166,040
31,600,733
 
 
 
137,278,804
TOTAL MATERIALS
 
 
171,861,654
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Fibra Uno Administracion SA de CV
 
5,189,400
8,070,948
Industrial REITs - 0.0%
 
 
 
Prologis Property Mexico SA de CV (c)
 
1,995,470
9,168,931
TOTAL REAL ESTATE
 
 
17,239,879
TOTAL MEXICO
 
 
449,883,611
NETHERLANDS - 3.0%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Koninklijke KPN NV
 
7,151,792
35,026,007
Entertainment - 0.1%
 
 
 
Universal Music Group NV
 
2,025,988
49,672,269
TOTAL COMMUNICATION SERVICES
 
 
84,698,276
Consumer Staples - 0.2%
 
 
 
Beverages - 0.1%
 
 
 
Heineken Holding NV Class A
 
237,333
17,526,402
Heineken NV
 
530,536
43,795,569
 
 
 
61,321,971
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Koninklijke Ahold Delhaize NV
 
1,652,523
64,562,646
Food Products - 0.0%
 
 
 
JDE Peet's NV
 
319,030
11,957,489
Magnum Ice Cream Co NV/The
 
901,263
16,018,272
 
 
 
27,975,761
TOTAL CONSUMER STAPLES
 
 
153,860,378
Financials - 0.6%
 
 
 
Banks - 0.4%
 
 
 
ABN AMRO Bank NV depository receipt (d)(e)
 
1,075,883
39,610,753
ING Groep NV
 
5,577,481
164,485,077
 
 
 
204,095,830
Capital Markets - 0.0%
 
 
 
Euronext NV (c)(e)
 
140,153
19,586,769
Financial Services - 0.1%
 
 
 
Adyen NV (b)(d)(e)
 
46,461
68,894,471
EXOR NV
 
170,956
14,002,610
 
 
 
82,897,081
Insurance - 0.1%
 
 
 
ASR Nederland NV
 
289,269
20,977,705
NN Group NV
 
497,301
39,365,190
 
 
 
60,342,895
TOTAL FINANCIALS
 
 
366,922,575
Health Care - 0.2%
 
 
 
Biotechnology - 0.1%
 
 
 
Argenx SE (b)
 
113,551
95,493,151
Health Care Equipment & Supplies - 0.1%
 
 
 
Koninklijke Philips NV
 
1,419,643
40,766,231
TOTAL HEALTH CARE
 
 
136,259,382
Industrials - 0.1%
 
 
 
Professional Services - 0.1%
 
 
 
Randstad NV (c)
 
203,750
7,272,019
Wolters Kluwer NV
 
427,501
40,143,671
 
 
 
47,415,690
Trading Companies & Distributors - 0.0%
 
 
 
IMCD NV
 
110,652
10,332,891
TOTAL INDUSTRIALS
 
 
57,748,581
Information Technology - 1.8%
 
 
 
Semiconductors & Semiconductor Equipment - 1.7%
 
 
 
ASM International NV
 
86,370
72,668,387
ASML Holding NV
 
716,016
1,026,699,668
BE Semiconductor Industries NV
 
134,399
26,206,471
 
 
 
1,125,574,526
Software - 0.1%
 
 
 
Nebius Group NV Class A (b)(c)
 
391,047
33,313,294
Nebius Group NV Class A (Russia) (b)(f)
 
371,380
0
 
 
 
33,313,294
TOTAL INFORMATION TECHNOLOGY
 
 
1,158,887,820
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Akzo Nobel NV
 
313,658
21,974,030
TOTAL NETHERLANDS
 
 
1,980,351,042
NEW ZEALAND - 0.1%
 
 
 
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Infratil Ltd
 
1,747,132
11,655,586
Health Care - 0.1%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Fisher & Paykel Healthcare Corp Ltd
 
1,079,488
25,289,933
Industrials - 0.0%
 
 
 
Transportation Infrastructure - 0.0%
 
 
 
Auckland International Airport Ltd
 
3,123,504
15,534,266
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Xero Ltd (b)(c)
 
303,043
19,783,499
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Contact Energy Ltd
 
1,609,241
9,059,439
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Meridian Energy Ltd
 
2,453,303
8,345,806
TOTAL UTILITIES
 
 
17,405,245
TOTAL NEW ZEALAND
 
 
89,668,529
NORWAY - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telenor ASA
 
1,132,485
19,050,159
Consumer Staples - 0.1%
 
 
 
Food Products - 0.1%
 
 
 
Mowi ASA
 
852,045
19,588,055
Orkla ASA
 
1,281,612
15,197,559
Salmar ASA
 
125,087
7,442,485
TOTAL CONSUMER STAPLES
 
 
42,228,099
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Aker BP ASA
 
590,413
17,251,671
Equinor ASA
 
1,411,953
37,951,219
Equinor ASA ADR
 
37
993
TOTAL ENERGY
 
 
55,203,883
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
DNB Bank ASA
 
1,637,466
47,047,074
Insurance - 0.0%
 
 
 
Gjensidige Forsikring ASA
 
373,163
10,609,213
TOTAL FINANCIALS
 
 
57,656,287
Industrials - 0.0%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Kongsberg Gruppen ASA
 
810,201
27,808,727
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Norsk Hydro ASA
 
2,548,008
22,620,921
TOTAL NORWAY
 
 
224,568,076
PERU - 0.1%
 
 
 
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Credicorp Ltd
 
124,203
44,319,357
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Cia de Minas Buenaventura SAA ADR
 
307,039
10,519,156
TOTAL PERU
 
 
54,838,513
PHILIPPINES - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
PLDT Inc
 
138,715
3,163,661
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Jollibee Foods Corp
 
913,900
3,179,592
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Bank of the Philippine Islands
 
3,465,140
7,292,246
BDO Unibank Inc
 
4,465,757
10,231,697
Metropolitan Bank & Trust Co
 
3,292,301
4,078,883
TOTAL FINANCIALS
 
 
21,602,826
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Ayala Corp
 
453,055
3,890,633
SM Investments Corp
 
416,615
4,949,391
 
 
 
8,840,024
Transportation Infrastructure - 0.1%
 
 
 
International Container Terminal Services Inc
 
1,880,870
20,493,336
TOTAL INDUSTRIALS
 
 
29,333,360
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Ayala Land Inc
 
12,055,070
4,347,579
SM Prime Holdings Inc
 
19,190,475
7,034,906
TOTAL REAL ESTATE
 
 
11,382,485
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Manila Electric Co
 
530,010
5,307,071
TOTAL PHILIPPINES
 
 
73,968,995
POLAND - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Entertainment - 0.0%
 
 
 
CD Projekt SA
 
121,894
8,913,048
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Allegro.eu SA (b)(d)(e)
 
1,472,807
12,112,418
Specialty Retail - 0.0%
 
 
 
CCC SA (b)(c)
 
99,325
3,293,128
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
LPP SA
 
2,083
11,520,110
TOTAL CONSUMER DISCRETIONARY
 
 
26,925,656
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Dino Polska SA (b)(d)(e)
 
912,442
9,648,310
Zabka Group SA (b)(c)
 
737,472
4,483,365
TOTAL CONSUMER STAPLES
 
 
14,131,675
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
ORLEN SA
 
1,069,339
32,492,496
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Bank Millennium SA (b)
 
1,116,973
5,407,243
Bank Polska Kasa Opieki SA
 
337,366
20,585,688
mBank SA (b)
 
27,846
8,135,139
Powszechna Kasa Oszczednosci Bank Polski SA
 
1,610,838
41,973,370
Santander Bank Polska SA
 
74,649
11,748,866
 
 
 
87,850,306
Insurance - 0.1%
 
 
 
Powszechny Zaklad Ubezpieczen SA
 
1,110,862
21,910,839
TOTAL FINANCIALS
 
 
109,761,145
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
InPost SA (b)
 
458,014
7,166,371
Construction & Engineering - 0.0%
 
 
 
Budimex SA (c)
 
23,307
4,518,396
TOTAL INDUSTRIALS
 
 
11,684,767
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
KGHM Polska Miedz SA (b)
 
260,352
24,335,181
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
PGE Polska Grupa Energetyczna SA (b)
 
1,646,805
4,653,510
TOTAL POLAND
 
 
232,897,478
PORTUGAL - 0.1%
 
 
 
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Jeronimo Martins SGPS SA
 
526,701
12,430,311
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Galp Energia SGPS SA
 
765,532
15,181,193
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Banco Comercial Portugues SA
 
14,099,016
15,281,698
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
EDP SA
 
5,771,584
29,534,096
TOTAL PORTUGAL
 
 
72,427,298
QATAR - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Ooredoo QPSC
 
1,774,547
6,920,782
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Qatar Fuel QSC
 
1,094,518
4,659,442
Qatar Gas Transport Co Ltd
 
5,302,327
6,990,159
TOTAL ENERGY
 
 
11,649,601
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Al Rayan Bank
 
11,365,794
7,095,427
Commercial Bank of Qatar
 
6,007,181
7,836,888
Dukhan Bank
 
3,325,325
3,255,001
Qatar International Islamic Bank QSC
 
1,806,304
5,660,513
Qatar Islamic Bank QPSC
 
3,347,119
22,982,141
Qatar National Bank QPSC
 
8,679,504
47,199,720
TOTAL FINANCIALS
 
 
94,029,690
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Industries Qatar QSC
 
2,850,542
9,958,499
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Mesaieed Petrochemical Holding Co
 
10,400,561
3,125,024
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Barwa Real Estate Co
 
3,862,441
2,903,461
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Nebras Energy
 
799,788
3,360,823
TOTAL QATAR
 
 
131,947,880
ROMANIA - 0.0%
 
 
 
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
NEPI Rockcastle NV
 
1,135,275
10,338,532
RUSSIA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
VK IPJSC (b)(f)
 
51,978
0
VK IPJSC GDR (b)(d)(f)
 
68,289
0
TOTAL COMMUNICATION SERVICES
 
 
0
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Ozon Holdings PLC ADR (b)(f)
 
62,559
0
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Gazprom PJSC (b)(f)
 
12,146,244
2
Gazprom PJSC ADR (b)(f)
 
1,078,053
11
LUKOIL PJSC (b)(f)
 
451,803
0
Rosneft Oil Co PJSC (b)(f)
 
1,187,356
0
Rosneft Oil Co PJSC GDR (b)(d)(f)
 
214,392
2
Surgutneftegas PAO (b)(f)
 
6,111,900
1
Surgutneftegas PAO ADR (b)(f)
 
214,357
2
Tatneft PJSC (b)(f)
 
1,520,327
0
TOTAL ENERGY
 
 
18
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Sberbank of Russia PJSC (b)(f)
 
13,066,303
2
VTB Bank PJSC (b)(f)
 
826,735
0
 
 
 
2
Capital Markets - 0.0%
 
 
 
Moscow Exchange MICEX-RTS PJSC (b)(f)
 
1,699,470
0
TKS Holding MKPAO JSC (b)(f)
 
5,907
0
 
 
 
0
TOTAL FINANCIALS
 
 
2
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Phosagro Pjsc GDR (b)(d)(f)
 
1,019
0
Metals & Mining - 0.0%
 
 
 
Alrosa PJSC (b)(f)
 
3,102,770
0
GMK Norilskiy Nickel PAO (b)(f)
 
6,655,600
2
GMK Norilskiy Nickel PAO ADR (United Kingdom) (b)(f)
 
85,403
1
Novolipetsk Steel PJSC (b)(f)
 
1,805,640
0
Polyus PJSC (b)(f)
 
413,530
0
Severstal PAO (b)(f)
 
245,384
0
Severstal PAO GDR (b)(d)(f)
 
10,278
0
United Co RUSAL International PJSC (Russia) (b)(f)
 
3,455,150
0
 
 
 
3
TOTAL MATERIALS
 
 
3
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Inter RAO UES PJSC (b)(f)
 
42,112,900
6
TOTAL RUSSIA
 
 
29
SAUDI ARABIA - 0.9%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Saudi Telecom Co
 
3,766,216
44,583,675
Media - 0.0%
 
 
 
Saudi Research & Media Group (b)
 
66,943
2,138,207
Wireless Telecommunication Services - 0.0%
 
 
 
Etihad Etisalat Co
 
703,009
13,195,359
TOTAL COMMUNICATION SERVICES
 
 
59,917,241
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Jabal Omar Development Company (b)
 
1,054,580
4,642,098
Specialty Retail - 0.0%
 
 
 
Jarir Marketing Co
 
1,093,206
4,159,237
TOTAL CONSUMER DISCRETIONARY
 
 
8,801,335
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Almarai Co JSC
 
913,728
10,743,436
Energy - 0.1%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Ades Holding Co
 
631,327
3,236,841
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Saudi Arabian Oil Co (d)(e)
 
11,334,279
77,965,286
TOTAL ENERGY
 
 
81,202,127
Financials - 0.5%
 
 
 
Banks - 0.5%
 
 
 
Al Rajhi Bank
 
3,676,891
105,090,442
Alinma Bank
 
2,335,725
17,735,742
Arab National Bank
 
1,670,051
10,152,015
Bank Al-Jazira
 
1,238,290
4,136,767
Bank AlBilad
 
1,367,571
9,691,534
Banque Saudi Fransi
 
2,278,745
10,966,312
Riyad Bank
 
2,788,668
20,892,519
Saudi Awwal Bank
 
1,923,427
18,297,351
Saudi Investment Bank/The
 
1,119,246
4,177,739
Saudi National Bank/The
 
5,521,515
66,039,716
 
 
 
267,180,137
Capital Markets - 0.0%
 
 
 
Saudi Tadawul Group Holding Co
 
90,232
3,866,020
Insurance - 0.0%
 
 
 
Bupa Arabia for Cooperative Insurance Co
 
151,542
6,666,604
Co for Cooperative Insurance/The
 
134,396
4,909,018
 
 
 
11,575,622
TOTAL FINANCIALS
 
 
282,621,779
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Dallah Healthcare Co
 
64,163
2,121,260
Dr Sulaiman Al Habib Medical Services Group Co
 
164,082
11,444,224
Mouwasat Medical Services Co
 
178,360
3,309,744
TOTAL HEALTH CARE
 
 
16,875,228
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
SAL Saudi Logistics Services
 
65,512
3,149,229
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Arabian Internet & Communications Services Co
 
44,533
2,783,089
Elm Co
 
44,825
9,274,056
TOTAL INFORMATION TECHNOLOGY
 
 
12,057,145
Materials - 0.2%
 
 
 
Chemicals - 0.1%
 
 
 
SABIC Agri-Nutrients Co
 
441,506
14,714,120
Sahara International Petrochemical Co
 
669,046
2,732,766
Saudi Basic Industries Corp
 
1,677,778
25,430,367
Yanbu National Petrochemical Co
 
505,115
3,636,149
 
 
 
46,513,402
Metals & Mining - 0.1%
 
 
 
Saudi Arabian Mining Co (b)
 
2,555,877
52,675,312
TOTAL MATERIALS
 
 
99,188,714
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Dar Al Arkan Real Estate Development Co (b)
 
977,994
4,855,160
Makkah Construction & Development Co
 
179,385
4,323,567
TOTAL REAL ESTATE
 
 
9,178,727
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Saudi Electricity Co
 
1,542,025
5,920,270
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
ACWA Power Co (b)
 
287,152
14,339,609
TOTAL UTILITIES
 
 
20,259,879
TOTAL SAUDI ARABIA
 
 
603,994,840
SINGAPORE - 1.0%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Singapore Telecommunications Ltd
 
13,680,918
49,370,207
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Sea Ltd Class A ADR (b)
 
705,266
82,156,436
Financials - 0.6%
 
 
 
Banks - 0.6%
 
 
 
DBS Group Holdings Ltd
 
3,928,301
182,812,216
Oversea-Chinese Banking Corp Ltd
 
6,245,291
104,227,284
United Overseas Bank Ltd
 
2,312,115
69,685,206
 
 
 
356,724,706
Capital Markets - 0.0%
 
 
 
Singapore Exchange Ltd
 
1,571,490
21,779,238
TOTAL FINANCIALS
 
 
378,503,944
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Singapore Technologies Engineering Ltd
 
2,906,597
22,391,833
Ground Transportation - 0.0%
 
 
 
Grab Holdings Ltd Class A (b)
 
4,349,383
18,702,347
Industrial Conglomerates - 0.1%
 
 
 
Keppel Ltd
 
2,663,357
22,883,808
Passenger Airlines - 0.0%
 
 
 
Singapore Airlines Ltd
 
2,847,539
14,214,191
TOTAL INDUSTRIALS
 
 
78,192,179
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
STMicroelectronics NV
 
1,246,508
35,217,363
Real Estate - 0.1%
 
 
 
Diversified REITs - 0.1%
 
 
 
CapitaLand Integrated Commercial Trust
 
11,140,687
20,930,935
Industrial REITs - 0.0%
 
 
 
CapitaLand Ascendas REIT
 
7,152,515
16,024,422
Real Estate Management & Development - 0.0%
 
 
 
CapitaLand Investment Ltd/Singapore
 
4,251,599
10,293,943
TOTAL REAL ESTATE
 
 
47,249,300
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Sembcorp Industries Ltd
 
1,672,800
7,929,395
TOTAL SINGAPORE
 
 
678,618,824
SOUTH AFRICA - 1.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
MTN Group Ltd
 
3,211,982
35,667,696
Vodacom Group Ltd
 
1,171,554
10,806,845
TOTAL COMMUNICATION SERVICES
 
 
46,474,541
Consumer Discretionary - 0.2%
 
 
 
Broadline Retail - 0.2%
 
 
 
Naspers Ltd Class N
 
1,444,318
88,428,748
Specialty Retail - 0.0%
 
 
 
Pepkor Holdings Ltd (d)(e)
 
6,319,786
10,326,378
TOTAL CONSUMER DISCRETIONARY
 
 
98,755,126
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Bid Corp Ltd
 
616,586
15,246,881
Clicks Group Ltd
 
438,892
8,743,865
Shoprite Holdings Ltd
 
880,992
14,535,486
TOTAL CONSUMER STAPLES
 
 
38,526,232
Financials - 0.4%
 
 
 
Banks - 0.2%
 
 
 
Absa Group Ltd
 
1,564,440
24,651,766
Capitec Bank Holdings Ltd
 
160,748
43,159,836
Nedbank Group Ltd
 
860,895
13,971,290
Standard Bank Group Ltd
 
2,429,929
44,657,188
 
 
 
126,440,080
Financial Services - 0.1%
 
 
 
FirstRand Ltd
 
9,304,598
53,072,087
Remgro Ltd
 
909,085
10,287,903
 
 
 
63,359,990
Insurance - 0.1%
 
 
 
Discovery Ltd
 
1,064,655
15,316,103
OUTsurance Group Ltd
 
1,598,341
6,980,909
Sanlam Ltd
 
3,317,471
20,782,759
 
 
 
43,079,771
TOTAL FINANCIALS
 
 
232,879,841
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Bidvest Group Ltd
 
606,672
8,778,347
Materials - 0.5%
 
 
 
Chemicals - 0.0%
 
 
 
Sasol Ltd (b)
 
1,072,925
7,578,376
Metals & Mining - 0.5%
 
 
 
Anglo American PLC
 
2,063,780
95,692,967
Gold Fields Ltd
 
1,651,049
81,652,085
Harmony Gold Mining Co Ltd
 
1,056,270
22,444,227
Impala Platinum Holdings Ltd
 
1,668,045
31,091,107
Northam Platinum Holdings Ltd
 
664,077
15,821,942
Sibanye Stillwater Ltd (b)(c)
 
5,219,967
22,719,437
Valterra Platinum Ltd
 
489,305
43,963,151
 
 
 
313,384,916
TOTAL MATERIALS
 
 
320,963,292
TOTAL SOUTH AFRICA
 
 
746,377,379
SPAIN - 2.3%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Cellnex Telecom SA (c)(d)(e)
 
908,188
28,090,409
Telefonica SA (c)
 
6,787,860
27,479,305
TOTAL COMMUNICATION SERVICES
 
 
55,569,714
Consumer Discretionary - 0.3%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Amadeus IT Group SA Class A (c)
 
828,865
55,572,639
Specialty Retail - 0.2%
 
 
 
Industria de Diseno Textil SA
 
2,011,180
130,867,751
TOTAL CONSUMER DISCRETIONARY
 
 
186,440,390
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Repsol SA
 
2,078,007
40,939,035
Financials - 1.2%
 
 
 
Banks - 1.2%
 
 
 
Banco Bilbao Vizcaya Argentaria SA
 
10,635,029
269,956,124
Banco de Sabadell SA
 
9,243,659
36,212,790
Banco Santander SA
 
27,473,597
350,784,785
Banco Santander SA ADR
 
2,284
29,121
Bankinter SA
 
1,240,919
21,210,715
CaixaBank SA
 
7,196,949
95,001,091
 
 
 
773,194,626
Insurance - 0.0%
 
 
 
Mapfre SA
 
1,732,716
7,923,849
TOTAL FINANCIALS
 
 
781,118,475
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Grifols SA Class A (c)
 
554,733
7,094,994
Industrials - 0.1%
 
 
 
Construction & Engineering - 0.0%
 
 
 
ACS Actividades de Construccion y Servicios SA
 
327,331
36,724,371
ACS Actividades de Construccion y Servicios SA rights 2/3/2026 (b)
 
330,890
181,990
 
 
 
36,906,361
Transportation Infrastructure - 0.1%
 
 
 
Aena SME SA (d)(e)
 
1,382,204
42,975,114
TOTAL INDUSTRIALS
 
 
79,881,475
Utilities - 0.5%
 
 
 
Electric Utilities - 0.5%
 
 
 
Acciona SA
 
45,259
9,731,703
Endesa SA
 
587,640
21,656,022
Iberdrola SA
 
11,726,095
263,634,879
Iberdrola SA
 
162,663
3,648,978
Redeia Corp SA (c)
 
743,038
12,841,148
 
 
 
311,512,730
Gas Utilities - 0.0%
 
 
 
Naturgy Energy Group SA
 
446,151
14,003,818
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
EDP Renovaveis SA
 
573,135
8,695,879
TOTAL UTILITIES
 
 
334,212,427
TOTAL SPAIN
 
 
1,485,256,510
SWEDEN - 2.0%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Telia Co AB
 
4,341,231
19,762,775
Wireless Telecommunication Services - 0.0%
 
 
 
Tele2 AB B Shares
 
1,009,215
18,462,148
TOTAL COMMUNICATION SERVICES
 
 
38,224,923
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Evolution AB (e)
 
244,059
15,853,217
Specialty Retail - 0.0%
 
 
 
H & M Hennes & Mauritz AB B Shares (c)
 
906,451
18,149,373
TOTAL CONSUMER DISCRETIONARY
 
 
34,002,590
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Essity AB B Shares
 
1,108,826
32,763,739
Financials - 0.6%
 
 
 
Banks - 0.3%
 
 
 
Skandinaviska Enskilda Banken AB A Shares
 
2,801,198
60,175,048
Svenska Handelsbanken AB A Shares
 
2,693,666
42,465,811
Swedbank AB A1 Shares
 
1,569,759
61,098,562
 
 
 
163,739,421
Capital Markets - 0.0%
 
 
 
EQT AB (c)
 
910,159
34,536,485
Financial Services - 0.3%
 
 
 
Industrivarden AB A Shares
 
209,406
10,461,484
Industrivarden AB C Shares
 
293,979
14,712,977
Investor AB A Shares
 
427,256
16,346,769
Investor AB B Shares
 
2,941,788
113,345,118
L E Lundbergforetagen AB B Shares
 
143,020
8,509,750
 
 
 
163,376,098
TOTAL FINANCIALS
 
 
361,652,004
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Swedish Orphan Biovitrum AB B Shares (b)
 
361,421
13,673,744
Industrials - 1.0%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Saab AB B Shares
 
590,901
46,103,807
Building Products - 0.1%
 
 
 
Assa Abloy AB B Shares
 
1,847,513
74,702,215
Nibe Industrier AB B Shares
 
2,832,165
10,842,192
 
 
 
85,544,407
Commercial Services & Supplies - 0.0%
 
 
 
Securitas AB B Shares
 
901,876
14,893,737
Construction & Engineering - 0.0%
 
 
 
Skanska AB B Shares
 
626,119
19,041,890
Industrial Conglomerates - 0.0%
 
 
 
Investment AB Latour B Shares
 
268,340
6,690,801
Lifco AB B Shares
 
426,384
14,657,175
 
 
 
21,347,976
Machinery - 0.8%
 
 
 
Alfa Laval AB
 
532,344
30,921,671
Atlas Copco AB A Shares
 
4,958,812
102,261,603
Atlas Copco AB B Shares
 
2,874,083
51,673,802
Epiroc AB A Shares
 
1,217,713
34,136,380
Epiroc AB B Shares
 
716,308
17,868,497
Indutrade AB
 
508,076
11,921,177
Sandvik AB
 
1,968,678
77,735,907
SKF AB B Shares
 
635,906
16,605,303
Trelleborg AB B Shares
 
370,755
14,984,204
Volvo AB B Shares
 
2,931,548
106,524,916
 
 
 
464,633,460
Trading Companies & Distributors - 0.0%
 
 
 
AddTech AB B Shares
 
474,253
15,482,770
Beijer Ref AB B Shares
 
742,246
10,570,183
 
 
 
26,052,953
TOTAL INDUSTRIALS
 
 
677,618,230
Information Technology - 0.2%
 
 
 
Communications Equipment - 0.1%
 
 
 
Telefonaktiebolaget LM Ericsson B Shares
 
5,162,104
55,906,439
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Hexagon AB B Shares
 
3,823,231
43,107,074
TOTAL INFORMATION TECHNOLOGY
 
 
99,013,513
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Boliden AB (b)
 
523,927
36,855,757
Paper & Forest Products - 0.0%
 
 
 
Holmen AB B Shares
 
130,597
4,893,997
Svenska Cellulosa AB SCA B Shares
 
1,135,908
14,225,152
 
 
 
19,119,149
TOTAL MATERIALS
 
 
55,974,906
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Fastighets AB Balder B Shares (b)
 
1,348,358
10,148,069
Sagax AB B Shares
 
409,183
9,026,602
TOTAL REAL ESTATE
 
 
19,174,671
TOTAL SWEDEN
 
 
1,332,098,320
SWITZERLAND - 2.9%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Swisscom AG
 
47,787
39,160,552
Consumer Discretionary - 0.3%
 
 
 
Specialty Retail - 0.0%
 
 
 
Avolta AG
 
162,976
9,971,884
Textiles, Apparel & Luxury Goods - 0.3%
 
 
 
Cie Financiere Richemont SA Series A
 
991,451
192,450,266
Swatch Group AG/The (c)
 
53,354
12,630,208
Swatch Group AG/The (c)
 
1,488
70,641
 
 
 
205,151,115
TOTAL CONSUMER DISCRETIONARY
 
 
215,122,999
Consumer Staples - 0.1%
 
 
 
Food Products - 0.1%
 
 
 
Barry Callebaut AG (c)
 
6,664
11,654,780
Chocoladefabriken Lindt & Spruengli AG
 
199
29,346,098
Chocoladefabriken Lindt & Spruengli AG
 
1,717
24,565,060
TOTAL CONSUMER STAPLES
 
 
65,565,938
Financials - 1.1%
 
 
 
Banks - 0.0%
 
 
 
Banque Cantonale Vaudoise
 
55,540
7,515,017
Capital Markets - 0.7%
 
 
 
Julius Baer Group Ltd
 
379,011
31,681,897
Partners Group Holding AG
 
41,827
56,811,784
UBS Group AG
 
5,857,178
275,716,588
 
 
 
364,210,269
Insurance - 0.4%
 
 
 
Helvetia Baloise Holding AG
 
146,626
37,118,826
Swiss Life Holding AG
 
52,663
57,659,871
Zurich Insurance Group AG
 
270,311
192,305,185
 
 
 
287,083,882
TOTAL FINANCIALS
 
 
658,809,168
Health Care - 0.4%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Sonova Holding AG
 
93,248
25,520,433
Straumann Holding AG
 
205,528
24,718,806
 
 
 
50,239,239
Life Sciences Tools & Services - 0.1%
 
 
 
Lonza Group AG
 
129,463
87,963,666
Pharmaceuticals - 0.2%
 
 
 
Galderma Group AG
 
285,040
53,131,166
Sandoz Group AG
 
771,086
61,024,567
 
 
 
114,155,733
TOTAL HEALTH CARE
 
 
252,358,638
Industrials - 0.7%
 
 
 
Building Products - 0.1%
 
 
 
Belimo Holding AG
 
18,059
19,739,803
Geberit AG
 
62,500
47,668,327
 
 
 
67,408,130
Electrical Equipment - 0.4%
 
 
 
ABB Ltd
 
2,891,968
248,992,928
Machinery - 0.1%
 
 
 
Schindler Holding AG
 
43,772
16,109,093
Schindler Holding AG participation certificate
 
74,974
28,920,829
VAT Group AG (d)(e)
 
49,757
32,259,502
 
 
 
77,289,424
Marine Transportation - 0.0%
 
 
 
Kuehne + Nagel International AG
 
88,649
20,492,305
Professional Services - 0.1%
 
 
 
SGS SA
 
304,764
36,585,084
TOTAL INDUSTRIALS
 
 
450,767,871
Information Technology - 0.0%
 
 
 
Technology Hardware, Storage & Peripherals - 0.0%
 
 
 
Logitech International SA
 
280,613
24,189,961
Materials - 0.2%
 
 
 
Chemicals - 0.2%
 
 
 
DSM-Firmenich AG
 
316,667
24,970,335
EMS-Chemie Holding AG
 
13,075
10,165,028
Givaudan SA
 
17,015
65,766,536
Sika AG
 
280,765
53,876,177
TOTAL MATERIALS
 
 
154,778,076
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Swiss Prime Site AG
 
147,890
25,118,630
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
BKW AG
 
39,023
7,364,925
TOTAL SWITZERLAND
 
 
1,893,236,758
TAIWAN - 6.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Chunghwa Telecom Co Ltd
 
6,979,400
29,506,689
Entertainment - 0.0%
 
 
 
International Games System Co Ltd
 
422,000
9,572,374
Wireless Telecommunication Services - 0.0%
 
 
 
Far EasTone Telecommunications Co Ltd
 
3,318,000
9,334,338
Taiwan Mobile Co Ltd
 
3,285,400
10,980,824
 
 
 
20,315,162
TOTAL COMMUNICATION SERVICES
 
 
59,394,225
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Cheng Shin Rubber Industry Co Ltd
 
3,249,513
3,150,169
Household Durables - 0.0%
 
 
 
Nien Made Enterprise Co Ltd
 
322,000
4,355,901
Specialty Retail - 0.0%
 
 
 
Hotai Motor Co Ltd
 
567,180
9,774,938
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Eclat Textile Co Ltd
 
364,420
4,583,391
Feng TAY Enterprise Co Ltd
 
906,710
2,763,361
 
 
 
7,346,752
TOTAL CONSUMER DISCRETIONARY
 
 
24,627,760
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
President Chain Store Corp
 
1,069,000
7,230,524
Food Products - 0.0%
 
 
 
Uni-President Enterprises Corp
 
8,816,620
20,026,981
TOTAL CONSUMER STAPLES
 
 
27,257,505
Financials - 0.6%
 
 
 
Banks - 0.3%
 
 
 
Chang Hwa Commercial Bank Ltd
 
13,299,697
8,595,401
CTBC Financial Holding Co Ltd
 
30,715,255
49,529,748
E.Sun Financial Holding Co Ltd
 
26,713,660
28,266,632
First Financial Holding Co Ltd
 
21,028,513
19,186,478
Hua Nan Financial Holdings Co Ltd
 
16,504,522
17,307,134
Mega Financial Holding Co Ltd
 
21,722,131
26,701,051
Shanghai Commercial & Savings Bank Ltd/The
 
7,227,811
9,044,782
SinoPac Financial Holdings Co Ltd
 
22,530,455
20,414,098
Taiwan Business Bank
 
13,699,971
6,683,971
Taiwan Cooperative Financial Holding Co Ltd
 
19,941,430
14,877,892
TS Financial Holding Co Ltd
 
38,797,046
27,900,933
 
 
 
228,508,120
Financial Services - 0.1%
 
 
 
Chailease Holding Co Ltd
 
2,877,726
9,481,498
Yuanta Financial Holding Co Ltd
 
19,417,606
26,482,748
 
 
 
35,964,246
Insurance - 0.2%
 
 
 
Cathay Financial Holding Co Ltd
 
17,538,184
41,893,840
Fubon Financial Holding Co Ltd
 
15,453,664
44,503,028
KGI Financial Holding Co Ltd
 
29,070,477
16,623,542
 
 
 
103,020,410
TOTAL FINANCIALS
 
 
367,492,776
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
PharmaEssentia Corp
 
556,304
13,570,540
Pharmaceuticals - 0.0%
 
 
 
Caliway Biopharmaceuticals Co Ltd (b)
 
1,877,000
9,841,390
TOTAL HEALTH CARE
 
 
23,411,930
Industrials - 0.1%
 
 
 
Electrical Equipment - 0.1%
 
 
 
Bizlink Holding Inc
 
323,000
13,302,709
Fortune Electric Co Ltd
 
291,460
8,956,636
Teco Electric and Machinery Co Ltd
 
2,205,000
5,714,208
 
 
 
27,973,553
Industrial Conglomerates - 0.0%
 
 
 
Far Eastern New Century Corp
 
6,089,032
5,362,746
Marine Transportation - 0.0%
 
 
 
Evergreen Marine Corp Taiwan Ltd
 
2,021,221
11,910,252
Wan Hai Lines Ltd
 
1,277,050
2,973,647
Yang Ming Marine Transport Corp
 
3,328,000
5,630,135
 
 
 
20,514,034
Passenger Airlines - 0.0%
 
 
 
China Airlines Ltd
 
4,896,000
3,443,409
Eva Airways Corp
 
5,133,000
6,081,869
 
 
 
9,525,278
Transportation Infrastructure - 0.0%
 
 
 
Taiwan High Speed Rail Corp
 
3,619,000
3,135,741
TOTAL INDUSTRIALS
 
 
66,511,352
Information Technology - 5.6%
 
 
 
Communications Equipment - 0.1%
 
 
 
Accton Technology Corp
 
930,000
32,851,259
Electronic Equipment, Instruments & Components - 0.7%
 
 
 
Chroma ATE Inc
 
705,000
21,888,167
Chunghwa Picture Tubes Ltd (b)(f)
 
551
0
Delta Electronics Inc
 
3,593,383
138,885,704
E Ink Holdings Inc
 
1,610,000
8,926,026
Elite Material Co Ltd
 
552,000
30,516,078
Gold Circuit Electronics Ltd
 
594,000
13,191,636
Hon Hai Precision Industry Co Ltd
 
23,171,593
161,867,139
Innolux Corp
 
13,937,805
9,625,983
Largan Precision Co Ltd
 
187,000
14,277,523
Lotes Co Ltd
 
160,000
7,248,535
Unimicron Technology Corp
 
2,447,876
29,352,798
Yageo Corp
 
3,052,728
26,837,701
Zhen Ding Technology Holding Ltd
 
1,348,230
8,350,355
 
 
 
470,967,645
Semiconductors & Semiconductor Equipment - 4.5%
 
 
 
Alchip Technologies Ltd
 
143,000
14,157,294
ASE Technology Holding Co Ltd
 
6,111,943
56,652,386
ASPEED Technology Inc
 
55,000
15,472,834
eMemory Technology Inc
 
119,000
6,899,097
Global Unichip Corp
 
162,000
13,446,539
Globalwafers Co Ltd
 
495,000
7,793,917
Jentech Precision Industrial Co Ltd
 
159,000
14,305,718
King Yuan Electronics Co Ltd
 
2,024,000
18,980,010
MediaTek Inc
 
2,809,989
156,679,254
Novatek Microelectronics Corp
 
1,075,000
12,771,266
Realtek Semiconductor Corp
 
906,744
13,889,141
Taiwan Semiconductor Manufacturing Co Ltd
 
45,447,000
2,505,471,067
United Microelectronics Corp
 
20,823,000
41,307,957
Vanguard International Semiconductor Corp
 
2,065,334
9,389,369
 
 
 
2,887,215,849
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Advantech Co Ltd
 
893,303
8,475,978
Asia Vital Components Co Ltd
 
608,000
28,122,287
Asustek Computer Inc
 
1,289,422
20,261,470
Catcher Technology Co Ltd
 
985,000
6,256,693
Compal Electronics Inc
 
7,881,394
8,177,274
Gigabyte Technology Co Ltd
 
1,009,000
7,448,028
Inventec Corp
 
5,081,209
7,243,922
King Slide Works Co Ltd
 
107,000
10,644,068
Lite-On Technology Corp
 
3,621,053
18,813,645
Pegatron Corp
 
3,749,652
8,279,764
Quanta Computer Inc
 
4,969,000
44,077,934
Wistron Corp
 
5,546,000
22,928,972
Wiwynn Corp
 
205,000
23,217,963
 
 
 
213,947,998
TOTAL INFORMATION TECHNOLOGY
 
 
3,604,982,751
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Formosa Chemicals & Fibre Corp
 
6,583,620
8,833,084
Formosa Plastics Corp
 
7,140,640
10,700,215
Nan Ya Plastics Corp
 
9,494,980
22,831,268
 
 
 
42,364,567
Construction Materials - 0.0%
 
 
 
Asia Cement Corp
 
4,345,785
4,839,358
TCC Group Holdings Co Ltd
 
12,755,302
10,668,144
 
 
 
15,507,502
Metals & Mining - 0.0%
 
 
 
China Steel Corp
 
22,006,421
14,466,442
TOTAL MATERIALS
 
 
72,338,511
TOTAL TAIWAN
 
 
4,246,016,810
THAILAND - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
True Corp PCL
 
8,968,153
3,297,324
True Corp PCL depository receipt
 
10,814,505
3,976,173
 
 
 
7,273,497
Wireless Telecommunication Services - 0.0%
 
 
 
Advanced Info Service PCL
 
834,600
9,232,184
Advanced Info Service PCL depository receipt
 
1,063,500
11,764,231
 
 
 
20,996,415
TOTAL COMMUNICATION SERVICES
 
 
28,269,912
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Minor International PCL
 
1,981,641
1,438,338
Minor International PCL depository receipt
 
3,827,082
2,777,819
TOTAL CONSUMER DISCRETIONARY
 
 
4,216,157
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
CP ALL PCL
 
4,316,600
5,951,572
CP ALL PCL depository receipt
 
5,715,500
7,880,325
CP AXTRA PCL
 
594,500
278,878
CP AXTRA PCL depository receipt
 
3,176,417
1,490,047
 
 
 
15,600,822
Food Products - 0.0%
 
 
 
Charoen Pokphand Foods PCL
 
3,352,740
2,199,737
Charoen Pokphand Foods PCL depository receipt
 
3,557,900
2,334,343
 
 
 
4,534,080
TOTAL CONSUMER STAPLES
 
 
20,134,902
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
PTT Exploration & Production PCL
 
1,179,651
4,580,261
PTT Exploration & Production PCL depository receipt
 
1,431,900
5,559,676
PTT PCL
 
7,492,700
8,074,542
PTT PCL depository receipt
 
10,628,100
11,453,420
TOTAL ENERGY
 
 
29,667,899
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Kasikornbank PCL depository receipt
 
1,098,700
6,546,929
Krung Thai Bank PCL
 
1,971,475
1,765,267
Krung Thai Bank PCL depository receipt
 
4,548,600
4,072,835
SCB X PCL
 
400,400
1,719,626
SCB X PCL depository receipt
 
1,184,800
5,088,444
TMBThanachart Bank PCL depository receipt
 
47,492,000
3,040,692
TOTAL FINANCIALS
 
 
22,233,793
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Bangkok Dusit Medical Services PCL
 
7,967,500
5,075,966
Bangkok Dusit Medical Services PCL depository receipt
 
12,750,400
8,123,076
Bumrungrad Hospital Pcl
 
333,600
1,771,094
Bumrungrad Hospital Pcl depository receipt
 
765,300
4,063,003
TOTAL HEALTH CARE
 
 
19,033,139
Industrials - 0.0%
 
 
 
Transportation Infrastructure - 0.0%
 
 
 
Airports of Thailand PCL
 
2,800,600
4,460,543
Airports of Thailand PCL depository receipt
 
5,218,300
8,311,239
TOTAL INDUSTRIALS
 
 
12,771,782
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
Delta Electronics Thailand PCL
 
2,208,300
14,348,700
Delta Electronics Thailand PCL depository receipt
 
3,531,100
22,943,756
TOTAL INFORMATION TECHNOLOGY
 
 
37,292,456
Materials - 0.0%
 
 
 
Construction Materials - 0.0%
 
 
 
Siam Cement PCL/The
 
548,850
3,583,616
Siam Cement PCL/The depository receipt
 
858,600
5,606,073
TOTAL MATERIALS
 
 
9,189,689
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Central Pattana PCL
 
1,561,300
2,857,847
Central Pattana PCL depository receipt
 
2,158,200
3,950,430
TOTAL REAL ESTATE
 
 
6,808,277
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Gulf Development PCL
 
2,437,575
3,611,938
Gulf Development PCL depository receipt
 
5,877,167
8,708,639
TOTAL UTILITIES
 
 
12,320,577
TOTAL THAILAND
 
 
201,938,583
TURKEY - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Turkcell Iletisim Hizmetleri AS
 
2,236,389
6,011,771
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Ford Otomotiv Sanayi AS
 
1,297,311
3,391,915
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
BIM Birlesik Magazalar AS
 
839,991
12,825,765
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Turkiye Petrol Rafinerileri AS
 
1,716,174
9,660,804
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Akbank TAS
 
5,797,490
12,391,674
Haci Omer Sabanci Holding AS
 
2,136,886
5,380,666
Turkiye Is Bankasi AS Class C
 
16,155,948
6,189,392
Yapi ve Kredi Bankasi AS (b)
 
6,265,574
5,918,775
TOTAL FINANCIALS
 
 
29,880,507
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Aselsan Elektronik Sanayi Ve Ticaret AS
 
2,549,363
17,777,597
Industrial Conglomerates - 0.0%
 
 
 
KOC Holding AS
 
1,399,459
6,684,012
Passenger Airlines - 0.0%
 
 
 
Turk Hava Yollari AO
 
1,024,608
7,162,619
TOTAL INDUSTRIALS
 
 
31,624,228
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Eregli Demir ve Celik Fabrikalari TAS
 
6,697,342
4,339,943
TOTAL TURKEY
 
 
97,734,933
UNITED ARAB EMIRATES - 0.4%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Emirates Telecommunications Group Co PJSC
 
6,415,029
34,411,456
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Americana Restaurants International PLC - Foreign Co
 
5,409,392
2,297,795
Specialty Retail - 0.0%
 
 
 
Abu Dhabi National Oil Co for Distribution PJSC
 
5,897,047
6,583,497
TOTAL CONSUMER DISCRETIONARY
 
 
8,881,292
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
ADNOC Drilling Co PJSC
 
6,011,277
8,724,331
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Adnoc Gas PLC
 
11,436,904
11,242,266
ADNOC Logistics & Services
 
3,398,784
5,191,880
 
 
 
16,434,146
TOTAL ENERGY
 
 
25,158,477
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Abu Dhabi Commercial Bank PJSC
 
5,821,758
24,127,204
Abu Dhabi Islamic Bank PJSC
 
2,664,830
17,661,528
Dubai Islamic Bank PJSC
 
5,378,612
14,147,690
Emirates NBD Bank PJSC
 
3,485,581
29,517,105
First Abu Dhabi Bank PJSC
 
8,129,036
41,170,884
TOTAL FINANCIALS
 
 
126,624,411
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Two Point Zero Group PJSC (b)
 
6,194,257
3,811,850
Transportation Infrastructure - 0.0%
 
 
 
Salik Co PJSC
 
3,373,420
5,860,428
TOTAL INDUSTRIALS
 
 
9,672,278
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Aldar Properties PJSC
 
7,033,232
18,365,880
Emaar Development PJSC
 
1,874,906
8,781,044
Emaar Properties PJSC
 
12,178,707
49,742,847
TOTAL REAL ESTATE
 
 
76,889,771
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Dubai Electricity & Water Authority PJSC
 
11,170,939
9,186,177
TOTAL UNITED ARAB EMIRATES
 
 
290,823,862
UNITED KINGDOM - 6.8%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BT Group PLC
 
10,990,361
28,776,477
Interactive Media & Services - 0.0%
 
 
 
Autotrader Group PLC (d)(e)
 
1,606,158
11,839,776
Media - 0.0%
 
 
 
Informa PLC
 
2,378,819
28,644,501
Wireless Telecommunication Services - 0.2%
 
 
 
Vodafone Group PLC
 
35,102,329
51,696,127
Vodafone Group PLC ADR
 
23,998
351,570
 
 
 
52,047,697
TOTAL COMMUNICATION SERVICES
 
 
121,308,451
Consumer Discretionary - 0.4%
 
 
 
Broadline Retail - 0.1%
 
 
 
Next PLC
 
214,251
38,889,048
Diversified Consumer Services - 0.0%
 
 
 
Pearson PLC
 
910,075
11,970,176
Pearson PLC ADR (c)
 
159,944
2,104,863
 
 
 
14,075,039
Hotels, Restaurants & Leisure - 0.3%
 
 
 
Compass Group PLC
 
3,127,648
93,783,897
Entain PLC
 
1,133,949
9,387,416
InterContinental Hotels Group PLC
 
266,071
35,866,371
Whitbread PLC
 
321,389
11,979,407
 
 
 
151,017,091
Household Durables - 0.0%
 
 
 
Barratt Redrow PLC
 
2,529,187
13,467,252
Specialty Retail - 0.0%
 
 
 
JD Sports Fashion PLC
 
4,683,487
5,240,993
Kingfisher PLC
 
3,233,491
14,901,190
 
 
 
20,142,183
TOTAL CONSUMER DISCRETIONARY
 
 
237,590,613
Consumer Staples - 1.4%
 
 
 
Beverages - 0.2%
 
 
 
Coca-Cola Europacific Partners PLC
 
382,771
35,100,101
Diageo PLC
 
4,102,793
94,406,486
 
 
 
129,506,587
Consumer Staples Distribution & Retail - 0.1%
 
 
 
J Sainsbury PLC
 
3,196,835
14,015,543
Marks & Spencer Group PLC
 
3,771,985
18,917,263
Tesco PLC
 
11,979,324
69,705,307
 
 
 
102,638,113
Food Products - 0.0%
 
 
 
Associated British Foods PLC
 
593,152
15,501,608
Household Products - 0.2%
 
 
 
Reckitt Benckiser Group PLC
 
1,244,647
103,753,627
Personal Care Products - 0.4%
 
 
 
Unilever PLC
 
4,018,451
273,372,925
Tobacco - 0.5%
 
 
 
British American Tobacco PLC
 
4,031,058
243,530,731
Imperial Brands PLC
 
1,407,314
59,272,941
 
 
 
302,803,672
TOTAL CONSUMER STAPLES
 
 
927,576,532
Financials - 2.2%
 
 
 
Banks - 1.7%
 
 
 
Barclays PLC
 
25,761,430
171,933,517
HSBC Holdings PLC
 
31,764,107
560,348,231
Lloyds Banking Group PLC
 
109,257,674
163,144,058
NatWest Group PLC
 
14,823,351
135,111,661
Standard Chartered PLC
 
3,590,843
91,876,858
 
 
 
1,122,414,325
Capital Markets - 0.3%
 
 
 
3i Group PLC
 
1,831,580
84,141,177
London Stock Exchange Group PLC
 
861,536
95,748,859
Schroders PLC
 
1,326,024
8,194,124
 
 
 
188,084,160
Financial Services - 0.0%
 
 
 
M&G PLC
 
4,187,214
17,727,303
Wise PLC Class A (b)
 
1,242,624
16,027,038
 
 
 
33,754,341
Insurance - 0.2%
 
 
 
Admiral Group PLC
 
478,965
18,023,273
Aviva PLC
 
5,636,506
49,037,429
Legal & General Group PLC
 
10,502,086
38,096,273
Phoenix Group Holdings PLC
 
1,296,001
13,114,167
 
 
 
118,271,142
TOTAL FINANCIALS
 
 
1,462,523,968
Health Care - 0.9%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Smith & Nephew PLC
 
1,485,177
25,312,261
Pharmaceuticals - 0.9%
 
 
 
Astrazeneca PLC
 
2,860,925
533,030,649
Hikma Pharmaceuticals PLC
 
312,074
6,529,235
 
 
 
539,559,884
TOTAL HEALTH CARE
 
 
564,872,145
Industrials - 1.2%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
BAE Systems PLC
 
5,542,947
150,474,072
Melrose Industries PLC
 
2,313,712
19,818,958
Rolls-Royce Holdings PLC
 
15,528,244
259,585,292
 
 
 
429,878,322
Commercial Services & Supplies - 0.0%
 
 
 
Rentokil Initial PLC
 
4,650,822
28,866,798
Industrial Conglomerates - 0.1%
 
 
 
CK Hutchison Holdings Ltd
 
4,924,223
39,705,521
DCC PLC
 
163,958
10,400,955
Smiths Group PLC
 
597,498
20,521,418
 
 
 
70,627,894
Machinery - 0.0%
 
 
 
Spirax Group PLC
 
137,637
13,682,580
Passenger Airlines - 0.0%
 
 
 
International Consolidated Airlines Group SA (Spain)
 
2,199,393
12,579,018
Professional Services - 0.2%
 
 
 
Intertek Group PLC
 
287,565
17,565,374
RELX PLC
 
3,363,962
119,259,246
 
 
 
136,824,620
Trading Companies & Distributors - 0.1%
 
 
 
Ashtead Group PLC
 
776,281
49,786,444
Bunzl PLC
 
604,016
16,938,465
 
 
 
66,724,909
TOTAL INDUSTRIALS
 
 
759,184,141
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Halma PLC
 
697,948
33,846,517
Software - 0.0%
 
 
 
Sage Group PLC/The
 
1,764,242
23,112,598
TOTAL INFORMATION TECHNOLOGY
 
 
56,959,115
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Land Securities Group PLC
 
1,323,344
11,779,239
Industrial REITs - 0.0%
 
 
 
Segro PLC
 
2,365,380
24,553,362
TOTAL REAL ESTATE
 
 
36,332,601
Utilities - 0.4%
 
 
 
Electric Utilities - 0.1%
 
 
 
SSE PLC
 
2,223,974
73,919,227
Multi-Utilities - 0.3%
 
 
 
Centrica PLC
 
8,672,009
22,658,782
National Grid PLC
 
9,160,662
155,635,570
 
 
 
178,294,352
Water Utilities - 0.0%
 
 
 
Severn Trent PLC
 
498,671
19,979,397
United Utilities Group PLC
 
1,256,213
21,435,170
 
 
 
41,414,567
TOTAL UTILITIES
 
 
293,628,146
TOTAL UNITED KINGDOM
 
 
4,459,975,712
UNITED STATES - 5.7%
 
 
 
Communication Services - 0.2%
 
 
 
Entertainment - 0.2%
 
 
 
Spotify Technology SA (b)
 
288,239
144,220,384
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Stellantis NV (Italy)
 
3,715,158
36,489,576
Consumer Staples - 0.7%
 
 
 
Food Products - 0.7%
 
 
 
JBS NV Class A
 
748,200
11,784,150
Nestle SA
 
4,753,855
453,643,993
TOTAL CONSUMER STAPLES
 
 
465,428,143
Energy - 0.9%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Tenaris SA
 
698,002
15,504,686
Oil, Gas & Consumable Fuels - 0.9%
 
 
 
BP PLC
 
29,011,707
183,950,405
BP PLC ADR
 
6
227
Shell PLC
 
10,685,702
410,753,161
 
 
 
594,703,793
TOTAL ENERGY
 
 
610,208,479
Financials - 0.2%
 
 
 
Insurance - 0.2%
 
 
 
Aegon Ltd
 
2,428,985
19,078,430
Swiss Re AG
 
550,987
87,988,287
TOTAL FINANCIALS
 
 
107,066,717
Health Care - 2.7%
 
 
 
Biotechnology - 0.1%
 
 
 
BeOne Medicines Ltd H Shares (b)
 
1,575,518
41,666,392
Legend Biotech Corp ADR (b)
 
136,949
2,396,607
 
 
 
44,062,999
Health Care Equipment & Supplies - 0.1%
 
 
 
Alcon AG
 
921,220
74,384,002
Life Sciences Tools & Services - 0.0%
 
 
 
QIAGEN NV (Germany)
 
378,314
20,009,147
Pharmaceuticals - 2.5%
 
 
 
GSK PLC
 
7,499,629
193,952,853
Haleon PLC
 
16,425,158
85,901,992
Novartis AG
 
3,508,783
520,597,497
Roche Holding AG
 
59,581
27,437,858
Roche Holding AG non-voting shares
 
1,295,674
589,194,699
Sanofi SA
 
2,037,750
192,208,189
 
 
 
1,609,293,088
TOTAL HEALTH CARE
 
 
1,747,749,236
Industrials - 0.7%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
GFL Environmental Inc Subordinate Voting Shares
 
448,140
19,249,959
Construction & Engineering - 0.1%
 
 
 
Ferrovial SE
 
948,852
64,131,633
Electrical Equipment - 0.5%
 
 
 
Schneider Electric SE
 
1,011,296
289,940,558
Marine Transportation - 0.0%
 
 
 
AP Moller - Maersk A/S Series A
 
5,233
12,849,208
AP Moller - Maersk A/S Series B
 
7,431
18,374,832
 
 
 
31,224,040
Professional Services - 0.1%
 
 
 
Experian PLC
 
1,689,013
63,970,926
TOTAL INDUSTRIALS
 
 
468,517,116
Information Technology - 0.1%
 
 
 
Software - 0.1%
 
 
 
CyberArk Software Ltd (b)
 
92,666
39,923,293
Monday.com Ltd (b)
 
80,111
9,192,737
TOTAL INFORMATION TECHNOLOGY
 
 
49,116,030
Materials - 0.2%
 
 
 
Construction Materials - 0.2%
 
 
 
Buzzi SpA
 
142,520
8,095,417
Holcim AG
 
940,795
96,966,687
TOTAL MATERIALS
 
 
105,062,104
TOTAL UNITED STATES
 
 
3,733,857,785
ZAMBIA - 0.1%
 
 
 
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
First Quantum Minerals Ltd (b)
 
1,307,227
36,951,615
 
TOTAL COMMON STOCKS
 (Cost $40,451,071,557)
 
 
 
64,827,519,307
 
 
 
 
Non-Convertible Preferred Stocks - 0.5%
 
 
Shares
Value ($)
 
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA non-voting shares
 
829,470
16,939,910
FRANCE - 0.1%
 
 
 
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Air Liquide SA
 
308,560
57,781,700
GERMANY - 0.2%
 
 
 
Consumer Discretionary - 0.2%
 
 
 
Automobiles - 0.2%
 
 
 
Bayerische Motoren Werke AG non-voting shares
 
102,465
10,615,332
Dr Ing hc F Porsche AG (d)(e)
 
213,154
10,372,691
Porsche Automobil Holding SE
 
278,854
11,930,901
Volkswagen AG
 
379,998
46,095,687
TOTAL CONSUMER DISCRETIONARY
 
 
79,014,611
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA
 
298,722
26,259,324
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Sartorius AG
 
48,892
13,665,584
TOTAL GERMANY
 
 
118,939,519
INDIA - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
TVS Motor Co Ltd 6% (f)
 
1,784,272
0
KOREA (SOUTH) - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Hyundai Motor Co
 
35,317
6,451,238
Hyundai Motor Co Series 2
 
68,080
12,717,515
TOTAL CONSUMER DISCRETIONARY
 
 
19,168,753
Consumer Staples - 0.0%
 
 
 
Personal Care Products - 0.0%
 
 
 
Amorepacific Corp
 
7,985
283,463
LG H&H Co Ltd
 
1,539
117,223
TOTAL CONSUMER STAPLES
 
 
400,686
Information Technology - 0.2%
 
 
 
Technology Hardware, Storage & Peripherals - 0.2%
 
 
 
Samsung Electronics Co Ltd
 
1,505,421
121,825,857
TOTAL KOREA (SOUTH)
 
 
141,395,296
RUSSIA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Surgutneftegas PAO (b)(f)
 
8,898,217
1
 
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
 (Cost $254,048,871)
 
 
 
335,056,426
 
 
 
 
U.S. Treasury Obligations - 0.0%
 
 
Yield (%) (h)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 2/12/2026 (i)
 (Cost $38,180,827)
 
3.82
38,225,000
38,186,849
 
 
 
 
 
Money Market Funds - 3.4%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (j)
 
3.70
1,155,564,535
1,155,795,648
Fidelity Securities Lending Cash Central Fund (j)(k)
 
3.70
1,065,194,969
1,065,301,489
 
TOTAL MONEY MARKET FUNDS
 (Cost $2,221,097,009)
 
 
 
2,221,097,137
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.2%
 (Cost $42,964,398,264)
 
 
 
67,421,859,719
NET OTHER ASSETS (LIABILITIES) - (3.2)% (g)
(2,109,524,023)
NET ASSETS - 100.0%
65,312,335,696
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
 
 
 
 
 
Equity Contracts
 
 
 
 
ICE MSCI EAFE Index Contracts (United States)
766
3/2026
116,309,440
6,220,794
ICE MSCI Emerging Markets Index Contracts (United States)
787
3/2026
59,843,480
6,107,392
TME S&P/TSX 60 Index Contracts (Canada)
59
3/2026
16,055,418
46,108
 
 
 
 
 
TOTAL FUTURES CONTRACTS
 
 
 
12,374,294
The notional amount of long futures as a percentage of Net Assets is 0.3%.

Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $1,364,027,304 or 2.1% of net assets.
 
(e)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,362,719,866 or 2.1% of net assets.
 
(f)
Level 3 security.
 
(g)
Includes $5,996,515 of cash collateral to cover margin requirements for futures contracts.
 
(h)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
 
(i)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $38,186,849.
 
(j)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(k)
Investment made with cash collateral received from securities on loan.
 
At period end, the value of non-cash collateral for securities on loan amounted to $38,874,028.
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
983,678,851
2,200,542,561
2,028,421,694
10,365,628
(4,070)
-
1,155,795,648
1,155,564,535
2.0%
Fidelity Securities Lending Cash Central Fund
1,414,385,949
2,564,599,823
2,913,690,097
3,737,901
5,814
-
1,065,301,489
1,065,194,969
3.4%
Total
2,398,064,800
4,765,142,384
4,942,111,791
14,103,529
1,744
-
2,221,097,137
 
 
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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