|
SP Funds S&P World (ex-US) ETF
|
||||||||
|
Schedule of Investments
|
||||||||
|
January 31, 2026 (Unaudited)
|
||||||||
|
COMMON STOCKS - 99.0%
|
Shares
|
Value
|
||||||
|
Aerospace/Defense - 0.1%
|
||||||||
|
Aselsan Elektronik Sanayi Ve Ticaret AS
|
16,438
|
$
|
114,614
|
|||||
|
Airlines - 0.1%
|
||||||||
|
Ryanair Holdings PLC - ADR
|
1,548
|
109,289
|
||||||
|
Apparel - 0.8%
|
||||||||
|
adidas AG - ADR
|
2,067
|
182,620
|
||||||
|
Asics Corp. - ADR
|
4,494
|
107,923
|
||||||
|
Eclat Textile Co. Ltd.
|
3,262
|
41,151
|
||||||
|
Hermes International SCA - ADR
|
2,067
|
496,266
|
||||||
|
Shenzhou International Group Holdings Ltd. - ADR
|
11,141
|
88,905
|
||||||
|
916,865
|
||||||||
|
Auto Manufacturers - 1.7%
|
||||||||
|
BYD Co. Ltd. - ADR
|
51,284
|
634,383
|
||||||
|
BYD Co. Ltd. - Class A
|
5,607
|
73,342
|
||||||
|
Ferrari NV
|
720
|
240,520
|
||||||
|
Great Wall Motor Co. Ltd. - ADR
|
3,219
|
56,268
|
||||||
|
Kia Corp.
|
1,544
|
163,689
|
||||||
|
Li Auto, Inc. - Class A (a)
|
16,586
|
140,063
|
||||||
|
NIO, Inc. - Class A (a)
|
21,495
|
106,296
|
||||||
|
Subaru Corp. - ADR
|
7,312
|
78,531
|
||||||
|
Suzuki Motor Corp. - ADR
|
3,045
|
167,140
|
||||||
|
XPeng, Inc. - Class A (a)
|
20,290
|
186,150
|
||||||
|
Zhejiang Leapmotor Technology Co. Ltd. - Class H (a)(b)
|
6,166
|
33,492
|
||||||
|
1,879,874
|
||||||||
|
Auto Parts & Equipment - 0.8%
|
||||||||
|
Bridgestone Corp. - ADR
|
14,516
|
163,305
|
||||||
|
Contemporary Amperex Technology Co. Ltd. - Class A
|
4,783
|
240,922
|
||||||
|
Contemporary Amperex Technology Co. Ltd. - Class H
|
926
|
58,218
|
||||||
|
Denso Corp. - ADR
|
12,045
|
166,221
|
||||||
|
Fuyao Glass Industry Group Co. Ltd. - Class H (b)
|
8,403
|
71,929
|
||||||
|
Hyundai Mobis Co. Ltd.
|
361
|
112,609
|
||||||
|
LG Energy Solution Ltd. (a)
|
231
|
63,872
|
||||||
|
877,076
|
||||||||
|
Banks - 1.1%
|
||||||||
|
Abu Dhabi Islamic Bank PJSC
|
20,129
|
133,402
|
||||||
|
Al Rajhi Bank
|
26,647
|
761,607
|
||||||
|
Alinma Bank
|
16,960
|
128,781
|
||||||
|
Bank AlBilad
|
10,191
|
72,220
|
||||||
|
Dubai Islamic Bank PJSC
|
40,161
|
105,634
|
||||||
|
1,201,644
|
||||||||
|
Beverages - 0.3%
|
||||||||
|
Arca Continental SAB de CV
|
6,788
|
77,028
|
||||||
|
Coca-Cola Femsa SAB de CV - ADR
|
696
|
72,586
|
||||||
|
Nongfu Spring Co. Ltd. - Class H (b)
|
25,129
|
154,255
|
||||||
|
303,869
|
||||||||
|
Biotechnology - 1.1%
|
||||||||
|
3SBio, Inc. (b)
|
25,618
|
76,431
|
||||||
|
BeOne Medicines Ltd. - ADR (a)
|
980
|
333,573
|
||||||
|
CSL Ltd. - ADR
|
5,977
|
376,252
|
||||||
|
Genmab AS (a)
|
371
|
119,506
|
||||||
|
Innovent Biologics, Inc. (a)(b)
|
19,693
|
204,502
|
||||||
|
Samsung Biologics Co. Ltd. (a)(b)
|
72
|
87,286
|
||||||
|
1,197,550
|
||||||||
|
Building Materials - 0.9%
|
||||||||
|
Anhui Conch Cement Co. Ltd. - ADR
|
3,269
|
51,879
|
||||||
|
Geberit AG - ADR
|
1,988
|
151,386
|
||||||
|
Kingspan Group PLC - ADR
|
951
|
83,089
|
||||||
|
Mitsubishi Electric Corp. - ADR
|
6,552
|
409,173
|
||||||
|
Nibe Industrier AB - Class B (a)
|
9,479
|
36,514
|
||||||
|
Sika AG - ADR
|
9,943
|
189,911
|
||||||
|
Svenska Cellulosa AB SCA - Class B
|
2,544
|
32,058
|
||||||
|
954,010
|
||||||||
|
Chemicals - 2.1%
|
||||||||
|
Air Liquide SA - ADR
|
17,812
|
665,991
|
||||||
|
Chandra Asri Pacific Tbk PT
|
180,217
|
69,252
|
||||||
|
DSM-Firmenich AG
|
1,528
|
120,338
|
||||||
|
Givaudan SA - ADR
|
2,518
|
194,767
|
||||||
|
Nitto Denko Corp. - ADR
|
4,322
|
95,776
|
||||||
|
Novonesis Novozymes B - ADR
|
2,082
|
127,647
|
||||||
|
SABIC Agri-Nutrients Co.
|
3,224
|
107,447
|
||||||
|
Saudi Arabian Mining Co. (a)
|
18,485
|
380,966
|
||||||
|
Saudi Basic Industries Corp.
|
12,222
|
185,251
|
||||||
|
Shin-Etsu Chemical Co. Ltd. - ADR
|
24,536
|
403,617
|
||||||
|
2,351,052
|
||||||||
|
Coal - 0.3%
|
||||||||
|
China Shenhua Energy Co. Ltd. - ADR
|
11,737
|
257,627
|
||||||
|
China Shenhua Energy Co. Ltd. - Class A
|
8,639
|
52,131
|
||||||
|
309,758
|
||||||||
|
Commercial Services - 1.6%
|
||||||||
|
Brambles Ltd. - ADR
|
4,173
|
130,156
|
||||||
|
Dai Nippon Printing Co. Ltd. - ADR
|
5,420
|
48,618
|
||||||
|
Experian PLC - ADR
|
5,648
|
212,082
|
||||||
|
Intertek Group PLC - ADR
|
965
|
59,275
|
||||||
|
New Oriental Education & Technology Group, Inc. - ADR
|
1,780
|
107,476
|
||||||
|
Recruit Holdings Co. Ltd. - ADR
|
48,269
|
507,790
|
||||||
|
RELX PLC - ADR
|
11,249
|
402,714
|
||||||
|
SGS SA - ADR
|
9,929
|
118,751
|
||||||
|
Wolters Kluwer NV - ADR
|
1,454
|
135,993
|
||||||
|
1,722,855
|
||||||||
|
Computers - 2.4%
|
||||||||
|
Advantech Co. Ltd.
|
6,924
|
65,896
|
||||||
|
Asia Vital Components Co. Ltd.
|
4,653
|
215,868
|
||||||
|
Asustek Computer, Inc.
|
9,773
|
154,033
|
||||||
|
Bizlink Holding, Inc.
|
2,386
|
98,564
|
||||||
|
Capgemini SE - ADR
|
4,728
|
146,710
|
||||||
|
CGI, Inc.
|
1,218
|
104,967
|
||||||
|
Elm Co.
|
351
|
72,620
|
||||||
|
Fujitsu Ltd. - ADR
|
10,564
|
293,151
|
||||||
|
Gigabyte Technology Co. Ltd.
|
7,399
|
54,781
|
||||||
|
Hygon Information Technology Co. Ltd. - Class A
|
1,936
|
73,679
|
||||||
|
Infosys Ltd. - ADR
|
48,042
|
844,578
|
||||||
|
Innolux Corp.
|
107,822
|
74,691
|
||||||
|
Logitech International SA
|
912
|
78,924
|
||||||
|
Nomura Research Institute Ltd. - ADR
|
2,661
|
81,054
|
||||||
|
Obic Co. Ltd.
|
1,926
|
53,650
|
||||||
|
Wipro Ltd. - ADR
|
42,345
|
106,709
|
||||||
|
Wiwynn Corp.
|
1,598
|
181,533
|
||||||
|
2,701,408
|
||||||||
|
Cosmetics/Personal Care - 2.0%
|
||||||||
|
Beiersdorf AG - ADR
|
2,977
|
70,972
|
||||||
|
Essity AB - Class B
|
3,709
|
110,278
|
||||||
|
Giant Biogene Holding Co. ltd (b)
|
6,648
|
28,295
|
||||||
|
Haleon PLC - ADR
|
27,295
|
285,779
|
||||||
|
Kao Corp. - ADR
|
14,476
|
114,939
|
||||||
|
L'Oreal SA - ADR
|
7,086
|
649,573
|
||||||
|
Shiseido Co. Ltd. - ADR
|
2,466
|
42,217
|
||||||
|
Unicharm Corp. - ADR
|
15,744
|
47,862
|
||||||
|
Unilever PLC - ADR
|
13,305
|
909,530
|
||||||
|
2,259,445
|
||||||||
|
Distribution/Wholesale - 0.3%
|
||||||||
|
AddTech AB - Class B
|
1,478
|
48,553
|
||||||
|
Pop Mart International Group Ltd. (b)
|
9,305
|
266,412
|
||||||
|
Toromont Industries Ltd.
|
474
|
60,714
|
||||||
|
375,679
|
||||||||
|
Electric - 0.5%
|
||||||||
|
Abu Dhabi National Energy Co. PJSC
|
46,646
|
36,452
|
||||||
|
ACWA Power Co. (a)
|
3,106
|
155,105
|
||||||
|
Dian Swastatika Sentosa Tbk PT (a)
|
21,375
|
126,072
|
||||||
|
Dubai Electricity & Water Authority PJSC
|
124,820
|
102,639
|
||||||
|
Origin Energy Ltd.
|
10,342
|
85,492
|
||||||
|
505,760
|
||||||||
|
Electrical Components & Equipment - 3.0%
|
||||||||
|
ABB Ltd.
|
9,479
|
820,557
|
||||||
|
Delta Electronics, Inc.
|
26,647
|
1,033,026
|
||||||
|
Fortune Electric Co. Ltd.
|
3,093
|
95,336
|
||||||
|
Fujikura Ltd.
|
1,683
|
213,512
|
||||||
|
Legrand SA - ADR
|
8,115
|
259,031
|
||||||
|
Schneider Electric SE - ADR
|
16,579
|
945,666
|
||||||
|
3,367,128
|
||||||||
|
Electronics - 2.8%
|
||||||||
|
Assa Abloy AB - ADR
|
12,312
|
248,579
|
||||||
|
BYD Electronic International Co. Ltd.
|
10,593
|
45,303
|
||||||
|
Celestica, Inc. (a)
|
681
|
192,424
|
||||||
|
Chroma ATE, Inc.
|
5,527
|
172,115
|
||||||
|
Delta Electronics Thailand PCL
|
63,944
|
416,606
|
||||||
|
E Ink Holdings, Inc.
|
12,920
|
71,846
|
||||||
|
Foxconn Industrial Internet Co. Ltd. - Class A
|
16,208
|
134,591
|
||||||
|
Gold Circuit Electronics Ltd.
|
4,671
|
104,047
|
||||||
|
Halma PLC - ADR
|
1,100
|
108,108
|
||||||
|
Hoya Corp. - ADR
|
2,086
|
350,260
|
||||||
|
Jentech Precision Industrial Co. Ltd.
|
1,173
|
105,857
|
||||||
|
Kyocera Corp. - ADR
|
8,534
|
128,010
|
||||||
|
Lotes Co. Ltd.
|
1,252
|
56,891
|
||||||
|
Micro-Star International Co. Ltd.
|
9,941
|
28,493
|
||||||
|
Murata Manufacturing Co. Ltd. - ADR
|
22,693
|
229,426
|
||||||
|
NIDEC CORP - ADR
|
27,015
|
91,986
|
||||||
|
Samsung Electro-Mechanics Co. Ltd.
|
337
|
65,321
|
||||||
|
SCREEN Holdings Co. Ltd.
|
543
|
69,204
|
||||||
|
Shimadzu Corp.
|
1,697
|
45,808
|
||||||
|
Silergy Corp.
|
4,652
|
41,465
|
||||||
|
TDK Corp.
|
11,898
|
152,794
|
||||||
|
Tripod Technology Corp.
|
6,315
|
75,150
|
||||||
|
Unimicron Technology Corp.
|
18,246
|
219,451
|
||||||
|
3,153,735
|
||||||||
|
Energy-Alternate Sources - 0.2%
|
||||||||
|
Vestas Wind Systems AS - ADR
|
18,889
|
188,512
|
||||||
|
Engineering & Construction - 0.9%
|
||||||||
|
Aena SME SA (b)
|
4,481
|
139,828
|
||||||
|
Airports of Thailand PCL
|
59,377
|
94,826
|
||||||
|
AtkinsRealis Group, Inc.
|
990
|
69,863
|
||||||
|
Grupo Aeroportuario del Centro Norte SAB de CV
|
3,705
|
54,502
|
||||||
|
Grupo Aeroportuario del Pacifico SAB de CV - ADR
|
539
|
148,176
|
||||||
|
Grupo Aeroportuario del Sureste SAB de CV - ADR
|
215
|
74,203
|
||||||
|
Samsung C&T Corp.
|
519
|
108,711
|
||||||
|
Skanska AB - Class B
|
2,171
|
66,438
|
||||||
|
Stantec, Inc.
|
651
|
64,872
|
||||||
|
United Integrated Services Co. Ltd.
|
2,335
|
67,371
|
||||||
|
WSP Global, Inc.
|
790
|
153,566
|
||||||
|
1,042,356
|
||||||||
|
Environmental Control - 0.2%
|
||||||||
|
Waste Connections, Inc.
|
1,574
|
264,784
|
||||||
|
Food - 2.2%
|
||||||||
|
Ajinomoto Co., Inc. - ADR
|
5,803
|
131,960
|
||||||
|
Almarai Co. JSC
|
6,725
|
79,071
|
||||||
|
Bid Corp. Ltd.
|
4,630
|
116,721
|
||||||
|
BIM Birlesik Magazalar AS
|
6,039
|
92,198
|
||||||
|
Chocoladefabriken Lindt & Spruengli AG
|
1
|
148,042
|
||||||
|
Chocoladefabriken Lindt & Spruengli AG
|
5
|
71,814
|
||||||
|
Kerry Group PLC - ADR
|
951
|
84,363
|
||||||
|
Mowi ASA - ADR
|
2,745
|
63,286
|
||||||
|
Nestle SA - ADR
|
15,856
|
1,507,271
|
||||||
|
Orkla ASA - ADR
|
4,628
|
55,351
|
||||||
|
SD Guthrie Bhd
|
51,763
|
76,686
|
||||||
|
Want Want China Holdings Ltd.
|
63,856
|
38,593
|
||||||
|
2,465,356
|
||||||||
|
Forest Products & Paper - 0.1%
|
||||||||
|
UPM-Kymmene Oyj - ADR
|
3,251
|
89,728
|
||||||
|
Hand/Machine Tools - 0.3%
|
||||||||
|
Fuji Electric Co. Ltd.
|
922
|
65,687
|
||||||
|
Makita Corp. - ADR
|
1,715
|
60,042
|
||||||
|
Schindler Holding AG
|
227
|
87,905
|
||||||
|
Techtronic Industries Co. Ltd. - ADR
|
1,692
|
115,445
|
||||||
|
329,079
|
||||||||
|
Healthcare-Products - 1.6%
|
||||||||
|
Alcon AG
|
3,058
|
247,880
|
||||||
|
Cochlear Ltd. - ADR
|
795
|
74,356
|
||||||
|
Coloplast AS - ADR
|
7,692
|
64,997
|
||||||
|
EssilorLuxottica SA - ADR
|
3,553
|
542,801
|
||||||
|
Fisher & Paykel Healthcare Corp. Ltd.
|
3,417
|
80,418
|
||||||
|
FUJIFILM Holdings Corp. - ADR
|
15,465
|
154,186
|
||||||
|
Lifco AB - Class B (a)
|
1,375
|
47,561
|
||||||
|
Olympus Corp.
|
7,103
|
84,770
|
||||||
|
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A
|
965
|
26,284
|
||||||
|
Siemens Healthineers AG - ADR
|
3,586
|
89,686
|
||||||
|
Smith & Nephew PLC - ADR
|
2,661
|
90,847
|
||||||
|
Sonova Holding AG - ADR
|
1,520
|
83,083
|
||||||
|
Straumann Holding AG - ADR
|
6,953
|
83,019
|
||||||
|
Sysmex Corp. - ADR
|
2,948
|
27,859
|
||||||
|
Terumo Corp. - ADR
|
9,198
|
120,218
|
||||||
|
1,817,965
|
||||||||
|
Healthcare-Services - 0.8%
|
||||||||
|
Bangkok Dusit Medical Services PCL
|
66,059
|
42,199
|
||||||
|
Dr Sulaiman Al Habib Medical Services Group Co.
|
1,398
|
97,506
|
||||||
|
ICON PLC (a)
|
485
|
87,421
|
||||||
|
IHH Healthcare Bhd
|
42,883
|
97,471
|
||||||
|
Lonza Group AG - ADR
|
4,305
|
291,147
|
||||||
|
WuXi AppTec Co. Ltd. - Class H (b)
|
5,942
|
84,607
|
||||||
|
Wuxi Biologics Cayman, Inc. - ADR (a)
|
24,795
|
233,321
|
||||||
|
933,672
|
||||||||
|
Home Builders - 0.0% (c)
|
||||||||
|
Sekisui Chemical Co. Ltd.
|
2,443
|
43,282
|
||||||
|
Home Furnishings - 0.4%
|
||||||||
|
Haier Smart Home Co. Ltd. - ADR
|
8,085
|
105,671
|
||||||
|
Lite-On Technology Corp.
|
30,495
|
158,919
|
||||||
|
Midea Group Co. Ltd. - Class A
|
7,050
|
78,723
|
||||||
|
Midea Group Co. Ltd. - Class H
|
6,123
|
67,152
|
||||||
|
410,465
|
||||||||
|
Household Products/Wares - 0.4%
|
||||||||
|
Henkel AG & Co. KGaA - ADR
|
2,448
|
50,453
|
||||||
|
Reckitt Benckiser Group PLC - ADR
|
20,988
|
349,870
|
||||||
|
400,323
|
||||||||
|
Internet - 8.3%
|
||||||||
|
Alibaba Group Holding Ltd. - ADR
|
33,071
|
5,607,519
|
||||||
|
Allegro.eu SA (a)(b)
|
9,944
|
82,165
|
||||||
|
Autotrader Group PLC - ADR
|
21,981
|
40,005
|
||||||
|
CAR Group Ltd.
|
2,209
|
42,711
|
||||||
|
JD.com, Inc. - ADR
|
20,065
|
571,451
|
||||||
|
Kanzhun Ltd. - ADR
|
5,095
|
94,359
|
||||||
|
MakeMyTrip Ltd. (a)
|
966
|
60,259
|
||||||
|
Meitu, Inc. (b)
|
42,434
|
41,947
|
||||||
|
Meituan - ADR (a)
|
38,981
|
962,441
|
||||||
|
PDD Holdings, Inc. - ADR (a)
|
10,820
|
1,093,361
|
||||||
|
Trend Micro, Inc. - ADR (a)
|
774
|
30,310
|
||||||
|
Trip.com Group Ltd.
|
8,415
|
519,143
|
||||||
|
Vipshop Holdings Ltd. - ADR
|
3,124
|
53,452
|
||||||
|
9,199,123
|
||||||||
|
Investment Companies - 0.0% (c)
|
||||||||
|
EXOR NV
|
544
|
44,720
|
||||||
|
Iron/Steel - 0.2%
|
||||||||
|
BlueScope Steel Ltd.
|
2,684
|
56,860
|
||||||
|
Fortescue Ltd. - ADR
|
5,199
|
150,147
|
||||||
|
207,007
|
||||||||
|
Leisure Time - 0.2%
|
||||||||
|
Amadeus IT Group SA - ADR
|
2,784
|
186,361
|
||||||
|
Shimano, Inc. - ADR
|
5,026
|
57,045
|
||||||
|
243,406
|
||||||||
|
Lodging - 0.1%
|
||||||||
|
H World Group Ltd. - ADR
|
2,350
|
111,649
|
||||||
|
Machinery-Construction & Mining - 2.6%
|
||||||||
|
Epiroc AB - ADR
|
3,845
|
108,121
|
||||||
|
HD Hyundai Electric Co. Ltd.
|
104
|
64,232
|
||||||
|
Hitachi Ltd. - ADR
|
27,917
|
970,116
|
||||||
|
Metso Oyj
|
4,337
|
85,210
|
||||||
|
Mitsubishi Heavy Industries Ltd.
|
20,674
|
605,639
|
||||||
|
Sandvik AB - ADR
|
6,635
|
262,414
|
||||||
|
Siemens Energy AG - ADR (a)
|
4,460
|
757,085
|
||||||
|
2,852,817
|
||||||||
|
Machinery-Diversified - 1.8%
|
||||||||
|
Atlas Copco AB - ADR
|
9,667
|
173,329
|
||||||
|
Atlas Copco AB - ADR
|
15,363
|
317,246
|
||||||
|
Daifuku Co. Ltd. - ADR (a)
|
4,713
|
84,080
|
||||||
|
Ebara Corp.
|
2,541
|
76,694
|
||||||
|
FANUC Corp. - ADR
|
11,579
|
232,275
|
||||||
|
Hexagon AB - ADR
|
12,729
|
144,347
|
||||||
|
Keyence Corp.
|
1,230
|
450,027
|
||||||
|
Kone Oyj - ADR
|
4,774
|
171,100
|
||||||
|
SMC Corp. - ADR
|
7,514
|
145,922
|
||||||
|
WEG SA
|
20,386
|
202,554
|
||||||
|
1,997,574
|
||||||||
|
Media - 0.1%
|
||||||||
|
Pearson PLC - ADR
|
4,041
|
53,179
|
||||||
|
Thomson Reuters Corp.
|
795
|
88,327
|
||||||
|
141,506
|
||||||||
|
Metal Fabricate/Hardware - 0.1%
|
||||||||
|
SKF AB - ADR
|
2,039
|
53,351
|
||||||
|
Tenaris SA - ADR
|
998
|
44,211
|
||||||
|
97,562
|
||||||||
|
Mining - 6.2%
|
||||||||
|
Agnico Eagle Mines Ltd.
|
3,071
|
587,009
|
||||||
|
Amman Mineral Internasional PT (a)
|
191,382
|
86,655
|
||||||
|
Antofagasta PLC
|
2,001
|
100,169
|
||||||
|
Barrick Mining Corp.
|
10,536
|
484,260
|
||||||
|
BHP Group Ltd. - ADR
|
15,819
|
1,087,240
|
||||||
|
Boliden AB - ADR (a)
|
851
|
119,021
|
||||||
|
Cameco Corp.
|
2,673
|
332,430
|
||||||
|
CMOC Group Ltd. - Class H
|
50,193
|
143,451
|
||||||
|
Gold Fields Ltd. - ADR
|
12,538
|
628,405
|
||||||
|
Grupo Mexico SAB de CV - Class B
|
43,102
|
479,124
|
||||||
|
Impala Platinum Holdings Ltd. - ADR
|
12,616
|
230,999
|
||||||
|
Ivanhoe Mines Ltd. - Class A (a)
|
4,185
|
53,218
|
||||||
|
Kinross Gold Corp.
|
7,448
|
235,845
|
||||||
|
Norsk Hydro ASA - ADR
|
8,136
|
72,248
|
||||||
|
Northam Platinum Holdings Ltd.
|
4,765
|
117,896
|
||||||
|
Pan American Silver Corp.
|
2,584
|
141,570
|
||||||
|
Press Metal Aluminium Holdings Bhd
|
51,410
|
98,594
|
||||||
|
Rio Tinto Ltd.
|
2,152
|
228,474
|
||||||
|
Rio Tinto PLC - ADR
|
6,552
|
596,429
|
||||||
|
South32 Ltd. - ADR
|
5,546
|
86,906
|
||||||
|
Southern Copper Corp.
|
1,118
|
212,824
|
||||||
|
Valterra Platinum Ltd.
|
3,672
|
348,024
|
||||||
|
Wheaton Precious Metals Corp.
|
2,760
|
365,629
|
||||||
|
6,836,420
|
||||||||
|
Miscellaneous Manufacturing - 0.5%
|
||||||||
|
Airtac International Group
|
1,992
|
72,160
|
||||||
|
Alfa Laval AB - ADR
|
1,763
|
102,254
|
||||||
|
Diploma PLC
|
807
|
58,914
|
||||||
|
Elite Material Co. Ltd.
|
4,347
|
241,040
|
||||||
|
Indutrade AB
|
1,537
|
36,288
|
||||||
|
Sunny Optical Technology Group Co. Ltd. - ADR
|
926
|
73,839
|
||||||
|
584,495
|
||||||||
|
Office-Business Equipment - 0.2%
|
||||||||
|
Canon, Inc. - ADR
|
5,538
|
168,521
|
||||||
|
Oil & Gas - 1.9%
|
||||||||
|
ADNOC Drilling Co. PJSC
|
35,484
|
51,497
|
||||||
|
ARC Resources Ltd.
|
3,454
|
64,456
|
||||||
|
Canadian Natural Resources Ltd.
|
12,794
|
478,352
|
||||||
|
Cenovus Energy, Inc.
|
7,928
|
157,313
|
||||||
|
Imperial Oil Ltd.
|
961
|
97,629
|
||||||
|
Neste Oyj - ADR
|
5,365
|
68,082
|
||||||
|
PTT Exploration & Production PCL
|
19,234
|
74,882
|
||||||
|
Saudi Arabian Oil Co. (b)
|
78,979
|
543,274
|
||||||
|
Suncor Energy, Inc.
|
7,401
|
393,346
|
||||||
|
Tourmaline Oil Corp.
|
1,988
|
94,603
|
||||||
|
Turkiye Petrol Rafinerileri AS
|
12,537
|
70,565
|
||||||
|
2,093,999
|
||||||||
|
Pharmaceuticals - 9.3%
|
||||||||
|
Astellas Pharma, Inc. - ADR
|
11,153
|
154,581
|
||||||
|
AstraZeneca PLC - ADR
|
19,036
|
1,765,970
|
||||||
|
Celltrion, Inc.
|
952
|
138,891
|
||||||
|
Chugai Pharmaceutical Co. Ltd. - ADR
|
7,913
|
225,916
|
||||||
|
CSPC Pharmaceutical Group Ltd.
|
110,271
|
135,550
|
||||||
|
Daiichi Sankyo Co. Ltd. - ADR
|
11,609
|
211,284
|
||||||
|
Dr Reddy's Laboratories Ltd. - ADR
|
8,457
|
113,493
|
||||||
|
Eisai Co. Ltd.
|
1,732
|
48,403
|
||||||
|
Galderma Group AG
|
916
|
171,174
|
||||||
|
GSK PLC - ADR
|
12,517
|
645,877
|
||||||
|
Jiangsu Hengrui Pharmaceuticals Co. Ltd. - Class A
|
6,459
|
54,063
|
||||||
|
Merck KGaA - ADR
|
3,994
|
119,341
|
||||||
|
Novartis AG - ADR
|
11,649
|
1,731,973
|
||||||
|
Novo Nordisk AS - ADR
|
19,669
|
1,168,929
|
||||||
|
Orion Oyj - Class B
|
652
|
54,024
|
||||||
|
Otsuka Holdings Co. Ltd. - ADR
|
6,314
|
189,231
|
||||||
|
Roche Holding AG
|
164
|
75,818
|
||||||
|
Roche Holding AG - ADR
|
34,593
|
1,963,153
|
||||||
|
Sandoz Group AG - ADR
|
2,691
|
213,342
|
||||||
|
Sanofi SA - ADR
|
13,081
|
615,330
|
||||||
|
Shionogi & Co. Ltd. - ADR
|
9,835
|
100,514
|
||||||
|
Sigma Healthcare Ltd.
|
35,419
|
76,671
|
||||||
|
Sino Biopharmaceutical Ltd.
|
137,924
|
117,266
|
||||||
|
UCB SA - ADR
|
1,466
|
221,733
|
||||||
|
10,312,527
|
||||||||
|
Pipelines - 0.1%
|
||||||||
|
Adnoc Gas PLC
|
95,796
|
94,162
|
||||||
|
Petronas Gas Bhd
|
13,429
|
62,614
|
||||||
|
156,776
|
||||||||
|
Real Estate - 0.7%
|
||||||||
|
Aldar Properties PJSC
|
52,332
|
136,649
|
||||||
|
Daito Trust Construction Co. Ltd. - ADR
|
7,625
|
39,726
|
||||||
|
Emaar Properties PJSC
|
85,794
|
350,404
|
||||||
|
FirstService Corp.
|
232
|
36,143
|
||||||
|
KE Holdings, Inc. - Class A
|
27,578
|
177,445
|
||||||
|
740,367
|
||||||||
|
Retail - 3.0%
|
||||||||
|
Alibaba Health Information Technology Ltd. (a)
|
80,498
|
67,205
|
||||||
|
ANTA Sports Products Ltd. - ADR
|
643
|
159,400
|
||||||
|
Associated British Foods PLC - ADR
|
1,885
|
49,236
|
||||||
|
Cie Financiere Richemont SA - ADR
|
32,468
|
627,606
|
||||||
|
Clicks Group Ltd. - ADR
|
1,623
|
65,910
|
||||||
|
Dollarama, Inc.
|
1,706
|
231,179
|
||||||
|
Fast Retailing Co. Ltd. - ADR
|
12,814
|
488,213
|
||||||
|
H & M Hennes & Mauritz AB - ADR
|
14,847
|
59,054
|
||||||
|
Industria de Diseno Textil SA - ADR
|
27,391
|
444,830
|
||||||
|
JD Health International, Inc. (a)(b)
|
14,189
|
114,915
|
||||||
|
JUMBO SA
|
1,526
|
45,458
|
||||||
|
Laopu Gold Co. Ltd. - Class H
|
631
|
62,860
|
||||||
|
Li Ning Co. Ltd. - ADR
|
1,263
|
82,373
|
||||||
|
MatsukiyoCocokara & Co.
|
2,322
|
37,300
|
||||||
|
Moncler SpA
|
1,402
|
81,744
|
||||||
|
Mr Price Group Ltd.
|
3,577
|
39,813
|
||||||
|
Nitori Holdings Co. Ltd. - ADR
|
5,350
|
45,903
|
||||||
|
Pan Pacific International Holdings Corp. - ADR
|
8,219
|
96,984
|
||||||
|
Raia Drogasil SA
|
18,027
|
84,150
|
||||||
|
Ryohin Keikaku Co. Ltd.
|
3,417
|
68,247
|
||||||
|
Wesfarmers Ltd. - ADR
|
13,994
|
404,986
|
||||||
|
3,357,366
|
||||||||
|
Semiconductors - 28.9% (d)
|
||||||||
|
Advantest Corp. - ADR
|
4,718
|
780,499
|
||||||
|
Alchip Technologies Ltd.
|
1,108
|
110,025
|
||||||
|
ARM Holdings PLC - ADR (a)
|
709
|
74,700
|
||||||
|
ASM International NV
|
281
|
237,281
|
||||||
|
ASML Holding NV
|
2,367
|
3,423,024
|
||||||
|
ASPEED Technology, Inc.
|
387
|
109,201
|
||||||
|
Disco Corp. - ADR
|
5,817
|
248,444
|
||||||
|
eMemory Technology, Inc.
|
866
|
50,358
|
||||||
|
Global Unichip Corp.
|
1,172
|
97,574
|
||||||
|
Infineon Technologies AG - ADR
|
8,017
|
392,913
|
||||||
|
King Yuan Electronics Co. Ltd.
|
15,579
|
146,533
|
||||||
|
Lasertec Corp. - ADR
|
2,480
|
114,080
|
||||||
|
MediaTek, Inc.
|
22,211
|
1,242,179
|
||||||
|
Novatek Microelectronics Corp.
|
8,421
|
100,346
|
||||||
|
Realtek Semiconductor Corp.
|
7,084
|
108,837
|
||||||
|
Samsung Electronics Co. Ltd.
|
30,402
|
3,389,969
|
||||||
|
SK hynix, Inc.
|
3,339
|
2,108,622
|
||||||
|
STMicroelectronics NV
|
3,889
|
110,251
|
||||||
|
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
|
54,789
|
18,111,052
|
||||||
|
Tokyo Electron Ltd. - ADR
|
5,795
|
770,619
|
||||||
|
United Microelectronics Corp. - ADR
|
32,717
|
333,059
|
||||||
|
Vanguard International Semiconductor Corp.
|
14,489
|
66,068
|
||||||
|
32,125,634
|
||||||||
|
Shipbuilding - 0.2%
|
||||||||
|
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.
|
249
|
71,531
|
||||||
|
Yangzijiang Shipbuilding Holdings Ltd.
|
39,451
|
103,835
|
||||||
|
175,366
|
||||||||
|
Software - 1.8%
|
||||||||
|
Cambricon Technologies Corp. Ltd. - Class A (a)
|
349
|
63,230
|
||||||
|
Constellation Software, Inc.
|
119
|
220,834
|
||||||
|
Dassault Systemes SE - ADR
|
4,133
|
113,658
|
||||||
|
Descartes Systems Group, Inc. (a)
|
488
|
36,646
|
||||||
|
Kingdee International Software Group Co. Ltd. (a)
|
39,388
|
65,313
|
||||||
|
Pro Medicus Ltd.
|
331
|
42,694
|
||||||
|
Sage Group PLC - ADR
|
1,455
|
75,995
|
||||||
|
SAP SE - ADR
|
6,281
|
1,262,732
|
||||||
|
TOTVS SA
|
6,952
|
59,235
|
||||||
|
WiseTech Global Ltd.
|
1,099
|
44,654
|
||||||
|
Xero Ltd. (a)
|
993
|
65,217
|
||||||
|
2,050,208
|
||||||||
|
Telecommunications - 2.7%
|
||||||||
|
Accton Technology Corp.
|
7,060
|
250,140
|
||||||
|
Advanced Info Service PCL
|
14,817
|
164,345
|
||||||
|
CELCOMDIGI BHD
|
47,166
|
39,006
|
||||||
|
Chunghwa Telecom Co. Ltd. - ADR
|
5,245
|
222,807
|
||||||
|
Etihad Etisalat Co.
|
5,217
|
97,922
|
||||||
|
Far EasTone Telecommunications Co. Ltd.
|
24,499
|
69,130
|
||||||
|
Hellenic Telecommunications Organization SA - ADR
|
4,821
|
46,523
|
||||||
|
Nokia Oyj - ADR
|
32,109
|
206,461
|
||||||
|
Saudi Telecom Co.
|
25,845
|
305,948
|
||||||
|
Singapore Telecommunications Ltd. - ADR
|
4,438
|
160,744
|
||||||
|
Taiwan Mobile Co. Ltd.
|
24,247
|
81,286
|
||||||
|
Telefonaktiebolaget LM Ericsson - ADR
|
18,011
|
194,519
|
||||||
|
Telekom Malaysia Bhd
|
33,836
|
67,809
|
||||||
|
Xiaomi Corp. - ADR (a)
|
48,827
|
1,103,490
|
||||||
|
3,010,130
|
||||||||
|
Toys/Games/Hobbies - 0.0% (c)
|
||||||||
|
Sanrio Co. Ltd.
|
1,278
|
39,394
|
||||||
|
Transportation - 1.1%
|
||||||||
|
Canadian National Railway Co.
|
3,405
|
329,373
|
||||||
|
Canadian Pacific Kansas City Ltd.
|
5,567
|
416,122
|
||||||
|
J&T Global Express Ltd. (a)
|
81,351
|
105,938
|
||||||
|
Kawasaki Kisen Kaisha Ltd.
|
3,982
|
57,538
|
||||||
|
Kuehne + Nagel International AG - ADR
|
1,617
|
74,722
|
||||||
|
SITC International Holdings Co. Ltd.
|
17,969
|
67,047
|
||||||
|
TFI International, Inc.
|
401
|
43,332
|
||||||
|
ZTO Express Cayman, Inc.
|
5,802
|
128,971
|
||||||
|
1,223,043
|
||||||||
|
TOTAL COMMON STOCKS (Cost $88,374,403)
|
110,056,743
|
|||||||
|
REAL ESTATE INVESTMENT TRUSTS - 0.3%
|
Shares
|
Value
|
||||||
|
REITs - Warehouse & Industry - 0.3%
|
||||||||
|
Goodman Group
|
12,541
|
269,982
|
||||||
|
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $275,986)
|
269,982
|
|||||||
|
TOTAL INVESTMENTS - 99.3% (Cost $88,650,389)
|
110,326,725
|
|||||||
|
Other Assets in Excess of Liabilities - 0.7%
|
807,797
|
|||||||
|
TOTAL NET ASSETS - 100.0%
|
$
|
111,134,522
|
||||||
|
Percentages are stated as a percent of net assets.
|
||||||||
|
ADR - American Depositary Receipt
|
|
REIT - Real Estate Investment Trust
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
institutional investors. As of January 31, 2026, the value of these securities total $1,929,338 or 1.7% of the Fund’s net assets.
|
|
(c)
|
Represents less than 0.05% of net assets.
|
|
(d)
|
To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect
those industries or sectors.
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Investments:
|
||||||||||||||||
|
Common Stocks
|
$
|
109,913,189
|
$
|
143,554
|
$
|
–
|
$
|
110,056,743
|
||||||||
|
Real Estate Investment Trusts
|
269,982
|
–
|
–
|
269,982
|
||||||||||||
|
Total Investments
|
$
|
110,183,171
|
$
|
143,554
|
$
|
–
|
$
|
110,326,725
|
||||||||
|
Refer to the Schedule of Investments for further disaggregation of investment categories.
|
||||||||||||||||
|
Allocation of Portfolio Holdings by Country as of January 31, 2026
|
||||||||
|
(% of Net Assets)
|
||||||||
|
Taiwan
|
$
|
24,486,814
|
22.0
|
%
|
||||
|
Japan
|
11,287,476
|
9.7
|
||||||
|
Switzerland
|
9,162,834
|
8.4
|
||||||
|
China
|
8,189,744
|
7.7
|
||||||
|
South Korea
|
6,374,733
|
5.8
|
||||||
|
Hong Kong
|
6,013,075
|
5.4
|
||||||
|
Canada
|
5,798,806
|
5.1
|
||||||
|
United Kingdom
|
5,566,428
|
5.0
|
||||||
|
France
|
4,435,026
|
4.0
|
||||||
|
Netherlands
|
3,841,018
|
3.4
|
||||||
|
Australia
|
3,157,581
|
2.9
|
||||||
|
Saudi Arabia
|
2,987,718
|
2.9
|
||||||
|
Germany
|
2,925,802
|
2.8
|
||||||
|
Sweden
|
2,159,925
|
1.8
|
||||||
|
Ireland
|
1,669,605
|
1.6
|
||||||
|
Denmark
|
1,669,591
|
1.4
|
||||||
|
South Africa
|
1,547,768
|
1.4
|
||||||
|
India
|
1,125,039
|
1.0
|
||||||
|
United Arab Emirates
|
1,010,839
|
0.8
|
||||||
|
Mexico
|
905,619
|
0.8
|
||||||
|
Thailand
|
792,858
|
0.7
|
||||||
|
Spain
|
771,019
|
0.7
|
||||||
|
Singapore
|
679,887
|
0.6
|
||||||
|
Finland
|
674,605
|
0.6
|
||||||
|
United States
|
546,397
|
0.5
|
||||||
|
Malaysia
|
442,180
|
0.4
|
||||||
|
Brazil
|
345,939
|
0.3
|
||||||
|
Italy
|
322,264
|
0.3
|
||||||
|
Indonesia
|
281,979
|
0.3
|
||||||
|
Turkey
|
277,377
|
0.2
|
||||||
|
Belgium
|
221,733
|
0.2
|
||||||
|
Norway
|
190,885
|
0.2
|
||||||
|
New Zealand
|
145,635
|
0.2
|
||||||
|
Chile
|
100,169
|
0.1
|
||||||
|
Greece
|
91,981
|
0.1
|
||||||
|
Poland
|
82,165
|
0.0
|
(a)
|
|||||
|
Luxembourg
|
44,211
|
0.0
|
(a)
|
|||||
|
Other Assets in Excess of Liabilities
|
807,797
|
0.7
|
||||||
|
$
|
111,134,522
|
100.0
|
%
|
|||||
|
(a)
|
Represents less than 0.05% of net assets.
|