| Number of Shares | Value | |
| COMMON STOCKS — 93.7% | ||
| BRAZIL — 10.7% | ||
| 1,017,880 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | $31,095,067 |
| 2,784,717 | Inter & Co., Inc. - Class A | 22,166,347 |
| 567,573 | NU Holdings, Ltd. - Class A* | 8,156,024 |
| 2,682,414 | PRIO S.A.* | 34,286,884 |
| 95,704,322 | ||
| CHINA — 20.6% | ||
| 993,453 | Alibaba Group Holding Ltd. | 15,571,868 |
| 44,783 | Baidu, Inc. - ADR* | 4,989,722 |
| 3,206,000 | China Hongqiao Group Ltd. | 14,482,156 |
| 391,859 | Contemporary Amperex Technology Co., Ltd. - Class A | 23,184,754 |
| 7,706,336 | Jiangsu Zhongtian Technology Co., Ltd. - Class A | 34,163,470 |
| 44,394 | Kweichow Moutai Co., Ltd. - Class A | 9,348,687 |
| 1,285,446 | Melco Resorts & Entertainment Ltd. - ADR* | 7,301,333 |
| 61,257 | PDD Holdings, Inc. - ADR* | 6,259,240 |
| 2,124,000 | Ping An Insurance Group Co. of China Ltd. - Class H | 16,331,900 |
| 557,514 | Tencent Holdings, Ltd. | 35,163,739 |
| 4,788,739 | Wasion Holdings Ltd. | 17,384,676 |
| 184,181,545 | ||
| GREECE — 2.8% | ||
| 3,081,596 | Piraeus Bank S.A.* | 25,317,384 |
| INDIA — 7.5% | ||
| 8,925,655 | Federal Bank, Ltd. | 24,656,773 |
| 1,168,743 | ICICI Bank Ltd. | 15,003,443 |
| 1,461,855 | Meesho Ltd.* | 2,200,618 |
| 570,836 | Phoenix Mills Ltd. | 9,149,168 |
| 844,282 | Shriram Finance Ltd. | 7,855,048 |
| 2,367,713 | Tata Capital Ltd.* | 7,711,408 |
| 66,576,458 | ||
| INDONESIA — 1.5% | ||
| 18,681,952 | Bank Central Asia Tbk P.T. | 7,216,483 |
| 22,183,190 | Bank Mandiri Persero Tbk P.T. | 6,226,874 |
| 13,443,357 | ||
| KAZAKHSTAN — 0.9% | ||
| 112,699 | Kaspi.KZ JSC - ADR* | 8,347,615 |
| MEXICO — 3.4% | ||
| 1,823,939 | Cemex S.A.B. de C.V. - ADR | 20,865,862 |
| Number of Shares | Value | |
| COMMON STOCKS (Continued) | ||
| MEXICO (Continued) | ||
| 398,625 | Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B | $9,833,847 |
| 30,699,709 | ||
| PERU — 3.0% | ||
| 77,418 | Credicorp Ltd. | 26,258,637 |
| POLAND — 1.3% | ||
| 434,639 | XTB S.A. | 11,118,689 |
| RUSSIA — 0.0% | ||
| 15,336,645 | Moscow Exchange MICEX-RTS PJSC*,1 | — |
| SAUDI ARABIA — 1.0% | ||
| 188,723 | Bupa Arabia for Cooperative Insurance Co. | 8,990,786 |
| SINGAPORE — 2.5% | ||
| 269,199 | Sea Ltd. - ADR* | 22,292,369 |
| SOUTH AFRICA — 1.5% | ||
| 53,637 | Capitec Bank Holdings Ltd. | 13,178,257 |
| SOUTH KOREA — 15.1% | ||
| 488,177 | Coupang, Inc.* | 9,216,782 |
| 123,605 | Coway Co., Ltd. | 5,987,614 |
| 119,220 | HD Hyundai Marine Solution Co., Ltd. | 14,720,715 |
| 58,930 | Hyundai Rotem Co., Ltd. | 6,786,132 |
| 411,972 | Samsung Electronics Co., Ltd. | 33,255,858 |
| 325,554 | Shinhan Financial Group Co., Ltd. | 19,403,461 |
| 30,054 | SK hynix, Inc. | 17,051,592 |
| 58,588 | SK Square Co., Ltd.* | 19,290,246 |
| 97,706 | ST. Pharm Co., Ltd. | 9,548,914 |
| 135,261,314 | ||
| TAIWAN — 21.9% | ||
| 4,888,370 | Lite-On Technology Corp. | 22,370,325 |
| 224,486 | MediaTek, Inc. | 10,767,510 |
| 2,446,710 | Taiwan Semiconductor Manufacturing Co., Ltd. | 141,504,313 |
| 450,000 | Universal Microwave Technology, Inc. | 20,889,890 |
| 195,532,038 | ||
| TOTAL COMMON STOCKS | ||
| (Cost $638,753,425) | 836,902,480 |
| Principal Amount | Value | |
| BANK DEPOSIT INVESTMENTS — 4.0% | ||
| $35,884,403 | UMB Bank, Money Market Special II, 3.43%2 | $35,884,403 |
| TOTAL BANK DEPOSIT INVESTMENTS | ||
| (Cost $35,884,403) | 35,884,403 | |
| TOTAL INVESTMENTS — 97.7% | ||
| (Cost $674,637,828) | 872,786,883 | |
| Other Assets in Excess of Liabilities — 2.3% | 20,701,483 | |
| TOTAL NET ASSETS — 100.0% | $893,488,366 |
| ADR – American Depository Receipt |
| JSC – Joint Stock Company |
| PJSC – Public Joint Stock Company |
| * | Non-income producing security. |
| 1 | The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy. |
| 2 | The rate is the annualized seven-day yield at period end. |