Vanguard® Developed Markets Index Fund
Schedule of Investments (unaudited)
As of March 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Shares Market
Value
($000)
Common Stocks (98.6%)
Australia (6.0%)
  Commonwealth Bank of Australia  16,164,972   1,893,027
  BHP Group Ltd.  47,414,165   1,715,564
  Westpac Banking Corp.  33,072,562     913,969
  National Australia Bank Ltd.  29,573,873     855,444
  ANZ Group Holdings Ltd.  29,141,829     732,778
  Wesfarmers Ltd.  10,906,255     556,829
  Macquarie Group Ltd.   3,309,341     470,114
  CSL Ltd.   4,676,263     459,298
  Woodside Energy Group Ltd.  18,314,816     434,748
  Rio Tinto Ltd.   3,569,967     405,597
  Goodman Group  19,171,537     344,196
  Woolworths Group Ltd.  11,758,454     296,927
  Transurban Group  29,945,449     292,113
  Fortescue Ltd.  15,315,341     218,850
  QBE Insurance Group Ltd.  14,617,773     215,711
  Brambles Ltd.  13,065,979     205,061
  Coles Group Ltd.  12,907,894     195,745
  Northern Star Resources Ltd.  13,338,568     193,900
  Evolution Mining Ltd.  19,414,956     174,826
  Santos Ltd.  31,353,432     171,614
  Aristocrat Leisure Ltd.   5,285,652     168,006
  Origin Energy Ltd.  16,586,517     142,730
  Telstra Group Ltd.  38,096,845     140,639
  South32 Ltd.  43,349,750     131,263
  Suncorp Group Ltd.  10,484,081     117,659
* Lynas Rare Earths Ltd.   8,654,431     117,505
  Scentre Group  50,410,083     116,313
  Insurance Australia Group Ltd.  21,890,691     111,127
* PLS Group Ltd.  30,003,691     109,859
*,1 James Hardie Industries plc GDR   5,455,503     100,604
  Computershare Ltd. (XASX)   5,091,498     100,417
  Washington H Soul Pattinson & Co. Ltd.   3,289,694      92,450
  Sigma Healthcare Ltd.  49,346,445      91,190
  APA Group  11,979,109      82,521
* Xero Ltd.   1,543,999      81,600
  Medibank Pvt Ltd.  26,651,373      80,641
  Lottery Corp. Ltd.  21,284,684      79,489
  BlueScope Steel Ltd.   4,233,268      76,625
  Cochlear Ltd.     632,394      74,414
  ALS Ltd.   4,809,620      70,603
  Stockland  23,348,551      70,088
  ASX Ltd.   1,881,928      68,281
  Sonic Healthcare Ltd.   4,533,867      64,421
  Orica Ltd.   4,530,747      63,678
* Light & Wonder Inc. GDR     756,796      63,524
* Mineral Resources Ltd.   1,624,252      62,392
  Vicinity Ltd.  37,179,141      60,654
  Charter Hall Group   4,547,390      59,255
  GPT Group  18,617,577      58,888
  CAR Group Ltd.   3,470,732      55,405
  Qube Holdings Ltd.  16,112,997      54,386
  Technology One Ltd.   2,852,313      54,144
  Ampol Ltd.   2,316,954      53,738
  JB Hi-Fi Ltd.   1,052,931      53,277
  SGH Ltd.   1,860,698      52,939
* Sandfire Resources Ltd.   4,432,625      50,865
1 REA Group Ltd.     458,986      50,286
* NEXTDC Ltd.   6,178,325      49,396
  WiseTech Global Ltd.   1,805,330      48,709
  Ramsay Health Care Ltd.   1,783,643      48,513

    Shares Market
Value
($000)
  Whitehaven Coal Ltd.   7,477,817      48,250
  Perseus Mining Ltd.  13,021,623      47,708
  Ramelius Resources Ltd.  18,194,293      47,368
  Mirvac Group  38,157,444      47,146
  Aurizon Holdings Ltd.  16,471,032      45,468
1 a2 Milk Co. Ltd.   6,736,240      44,861
  HUB24 Ltd.     750,708      43,936
* Genesis Minerals Ltd.  10,240,822      43,094
  Pro Medicus Ltd.     514,931      42,439
  Dexus  10,211,073      42,097
  Qantas Airways Ltd.   7,111,220      41,773
  AGL Energy Ltd.   5,819,534      39,840
* Greatland Resources Ltd.   4,869,351      39,653
  Bendigo & Adelaide Bank Ltd.   5,500,902      37,845
  Westgold Resources Ltd.   8,728,377      36,720
* IGO Ltd.   6,520,300      36,402
  Worley Ltd.   4,573,700      35,928
  Dyno Nobel Ltd.  15,856,753      34,530
  Cleanaway Waste Management Ltd.  21,794,770      34,514
  Downer EDI Ltd.   6,372,298      34,108
  Regis Resources Ltd.   7,190,018      34,079
1 Endeavour Group Ltd.  14,711,240      33,301
  SEEK Ltd.   3,319,767      32,622
* Paladin Energy Ltd.   4,083,252      32,520
  Capricorn Metals Ltd.   3,833,259      30,313
  Steadfast Group Ltd.  10,228,270      30,112
  Vault Minerals Ltd.   9,938,707      29,656
  Bank of Queensland Ltd.   6,262,554      29,151
  Challenger Ltd.   4,862,610      28,113
  Ventia Services Group Pty Ltd.   7,711,815      28,079
  Ansell Ltd.   1,380,817      27,098
  Atlas Arteria Ltd.   9,071,272      26,902
  Eagers Automotive Ltd.   1,614,800      25,382
*,1 Telix Pharmaceuticals Ltd.   2,439,073      23,352
1 Reece Ltd.   2,498,886      23,253
  National Storage REIT  11,810,771      22,694
  AMP Ltd.  24,667,931      22,611
  Chorus Ltd.   4,088,382      22,330
* Liontown Ltd.  18,209,424      22,226
*,1 DroneShield Ltd.   7,981,311      21,928
  Codan Ltd.     993,945      21,877
  Metcash Ltd.  10,528,726      21,651
  AUB Group Ltd. (XASX)   1,262,937      21,280
1 Yancoal Australia Ltd.   3,673,950      21,189
  nib holdings Ltd.   4,601,363      20,348
* Resolute Mining Ltd.  20,324,874      20,098
  Iluka Resources Ltd.   4,146,582      19,494
  Sims Ltd.   1,534,232      19,468
1 New Hope Corp. Ltd.   4,694,992      19,180
2 Viva Energy Group Ltd.  10,628,111      18,844
1 Treasury Wine Estates Ltd.   7,177,623      18,524
* Emerald Resources NL   4,814,522      18,481
1 Breville Group Ltd.     989,631      18,462
  Netwealth Group Ltd.   1,176,291      17,917
  Monadelphous Group Ltd.     917,271      17,569
  Region Group  10,990,069      17,305
  Harvey Norman Holdings Ltd.   5,027,800      17,272
*,1 4DMedical Ltd.   4,293,658      16,793
* Insignia Financial Ltd.   4,940,771      16,310
1 Pinnacle Investment Management Group Ltd.   1,598,516      16,135
  Reliance Worldwide Corp. Ltd.   7,411,313      15,907
  NRW Holdings Ltd.   4,192,325      15,532
  Lendlease Corp. Ltd.   6,696,760      15,418
  Charter Hall Long Wale REIT   6,530,820      15,237
* Bellevue Gold Ltd.  13,881,391      14,915
  Tabcorp Holdings Ltd.  22,210,239      14,685
  Charter Hall Retail REIT   5,426,820      14,364
  Orora Ltd.  10,842,589      14,241
  Champion Iron Ltd.   3,729,179      14,013
* Mesoblast Ltd.   9,027,825      13,896

    Shares Market
Value
($000)
  BWP Property Group Ltd.   5,362,018      13,864
  HomeCo Daily Needs REIT  16,789,458      13,779
* PEXA Group Ltd.   1,273,754      13,513
* Zip Co. Ltd.  12,038,535      13,456
  TPG Telecom Ltd.   4,814,369      13,433
  Super Retail Group Ltd.   1,477,419      13,209
  Imdex Ltd.   4,685,399      12,812
  Beach Energy Ltd.  14,024,473      12,389
1 Flight Centre Travel Group Ltd.   1,627,327      12,176
  Perpetual Ltd.   1,087,438      12,097
  Centuria Industrial REIT   5,946,289      11,917
* Nickel Industries Ltd.  18,589,136      11,662
* Tuas Ltd.   2,703,780      11,500
  Deterra Royalties Ltd.   4,064,458      11,483
* Austal Ltd.   3,329,987      11,172
  Perenti Ltd.   7,991,028      10,944
  Magellan Financial Group Ltd.   1,573,643      10,813
* Deep Yellow Ltd.   8,579,771      10,714
1 ARB Corp. Ltd.     729,335      10,692
* Ora Banda Mining Ltd.  12,805,508      10,613
  Ingenia Communities Group   3,817,991      10,611
* Superloop Ltd.   4,569,123      10,361
  EVT Ltd.   1,125,147      10,360
  Bega Cheese Ltd.   2,489,015      10,353
  Elders Ltd.   2,031,774      10,178
* Catalyst Metals Ltd.   2,220,597      10,012
* Predictive Discovery Ltd.  18,822,802       9,961
*,1,3 Corporate Travel Management Ltd.   1,110,057       9,846
  GrainCorp Ltd. Class A   2,122,789       9,745
  Waypoint REIT Ltd.   5,971,855       9,743
  Karoon Energy Ltd.   6,861,154       9,594
  Generation Development Group Ltd.   3,230,764       9,592
* Judo Capital Holdings Ltd.  10,059,390       9,532
* Alkane Resources Ltd.   9,408,843       9,527
  SRG Global Ltd.   5,364,857       9,216
  Helia Group Ltd.   2,454,494       9,002
  Arena REIT   3,945,273       8,960
1 GQG Partners Inc. GDR   7,363,325       8,939
* Megaport Ltd.   1,699,978       8,818
  Lovisa Holdings Ltd.     589,554       8,814
* FireFly Metals Ltd.   7,117,923       8,805
*,1 Electro Optic Systems Holdings Ltd.   1,562,900       8,779
* Neuren Pharmaceuticals Ltd.   1,049,161       8,756
*,1 Elevra Lithium Ltd.   1,445,036       8,604
  IRESS Ltd.   1,716,753       8,398
*,1 Silex Systems Ltd.   2,172,919       8,288
* Pantoro Gold Ltd.   3,473,653       8,106
  Nick Scali Ltd.     731,314       8,072
  Nine Entertainment Co. Holdings Ltd.  11,904,844       7,924
  Premier Investments Ltd.     890,408       7,782
* Develop Global Ltd.   2,502,937       7,486
*,1 Vulcan Energy Resources Ltd.   3,273,095       7,434
  Aussie Broadband Ltd.   2,218,478       7,412
  Regis Healthcare Ltd.   1,717,656       7,335
  Kingsgate Consolidated Ltd.   2,336,810       7,290
  Centuria Capital Group   6,517,452       7,234
1 IDP Education Ltd.   2,511,834       7,192
  Service Stream Ltd.   5,371,769       7,180
*,1 Arafura Rare Earths Ltd.  36,418,118       7,177
  SmartGroup Corp. Ltd.   1,196,866       6,856
* Metals X Ltd.   7,485,209       6,729
1 Domino's Pizza Enterprises Ltd.     575,213       6,515
*,1 IperionX Ltd.   2,568,803       6,483
  Data#3 Ltd.   1,348,756       6,294
  Aspen Group Ltd.   1,972,978       6,280
  Collins Foods Ltd.   1,034,441       6,271
* Nanosonics Ltd.   2,393,135       6,243
*,1 Clarity Pharmaceuticals Ltd.   2,759,703       6,115
* WEB Travel Group Ltd.   3,266,234       6,008
  Hansen Technologies Ltd.   1,739,334       5,954

    Shares Market
Value
($000)
1 Guzman y Gomez Ltd.     529,646       5,941
1 McMillan Shakespeare Ltd.     563,808       5,750
  Stanmore Resources Ltd.   2,951,749       5,668
  Charter Hall Social Infrastructure REIT   3,136,431       5,624
  Amotiv Ltd.   1,194,512       5,608
* Temple & Webster Group Ltd.   1,064,796       5,339
  Integral Diagnostics Ltd.   3,269,952       5,327
  Ridley Corp. Ltd.   2,794,283       5,302
*,1 Catapult Sports Ltd.   2,340,559       5,293
* Gemlife Communities Group   1,705,463       5,245
* Macquarie Technology Group Ltd.     121,789       5,073
  MyState Ltd.   1,653,085       5,043
1 IPH Ltd.   2,209,163       5,030
1 DigiCo Infrastructure REIT   4,065,865       5,002
  Dicker Data Ltd.     839,461       4,994
  Rural Funds Trust   3,548,968       4,941
*,1 Weebit Nano Ltd.   1,868,857       4,867
1 Inghams Group Ltd.   3,515,908       4,830
* St. Barbara Ltd.  11,039,431       4,767
* SiteMinder Ltd.   2,341,572       4,751
  Credit Corp. Group Ltd.     629,580       4,707
  Kelsian Group Ltd.   1,737,167       4,703
  Dexus Industria REIT   2,929,170       4,690
1 PWR Holdings Ltd.     782,276       4,688
1 L1 Group Ltd.   6,775,156       4,654
* Nufarm Ltd.   3,167,629       4,526
* WA1 Resources Ltd.     458,412       4,523
1 Supply Network Ltd.     199,566       4,378
  MA Financial Group Ltd.     882,859       4,294
1 HMC Capital Ltd.   2,574,884       4,237
1 Maas Group Holdings Ltd.   1,400,451       4,203
*,1 Boss Energy Ltd.   3,825,660       4,181
  Cromwell Property Group  14,937,648       4,097
* Core Lithium Ltd.  23,425,344       4,095
*,1 PolyNovo Ltd.   5,956,466       3,923
1 Regal Partners Ltd.   2,144,304       3,916
  Bravura Solutions Ltd.   2,740,492       3,914
*,3 Opthea Ltd.  10,480,176       3,905
  Redox Ltd.   1,625,056       3,731
* Virgin Australia Holdings Ltd.   2,224,863       3,719
* Alpha HPA Ltd.   9,621,301       3,628
*,1 Gentrack Group Ltd.     913,156       3,578
  Abacus Storage King   3,727,758       3,576
  EQT Holdings Ltd.     248,957       3,555
* Select Harvests Ltd.   1,300,555       3,501
  Growthpoint Properties Australia Ltd.   2,362,191       3,437
* Amplitude Energy Ltd.   2,833,351       3,373
  oOh!media Ltd.   4,957,382       3,256
* Chalice Mining Ltd.   3,170,934       3,224
1 Centuria Office REIT   4,725,446       3,033
*,1 Lifestyle Communities Ltd.     915,033       2,978
  Fleetpartners Group Ltd.   1,603,510       2,809
1 Vulcan Steel Ltd.     760,574       2,799
  GWA Group Ltd.   1,924,087       2,787
  Abacus Group   3,892,306       2,738
  Cedar Woods Properties Ltd.     546,565       2,694
1 Clinuvel Pharmaceuticals Ltd.     385,068       2,659
* Omni Bridgeway Ltd.   2,412,805       2,636
  Australian Ethical Investment Ltd.     822,130       2,598
  Navigator Global Investments Ltd. (XASX)   1,742,809       2,569
1 Jumbo Interactive Ltd.     478,722       2,568
  Australian Clinical Labs Ltd.   1,725,261       2,499
* Tyro Payments Ltd.   4,355,072       2,404
* Myer Holdings Ltd.  11,777,130       2,378
* Wildcat Resources Ltd.   8,732,105       2,326
* Fineos Corp. Ltd. GDR   1,498,279       2,323
* Emeco Holdings Ltd.   2,672,763       2,255
* Aurelia Metals Ltd.  12,443,744       2,189
  Australian Finance Group Ltd.   1,721,208       2,165
1 Bapcor Ltd.   5,053,135       2,121

    Shares Market
Value
($000)
* 29Metals Ltd. (XASX)   8,312,275       2,042
  Healius Ltd.   5,212,034       2,028
1 Accent Group Ltd.   3,637,331       1,891
  Praemium Ltd.   4,126,932       1,861
  GDI Property Group Partnership   4,462,328       1,838
*,1 ioneer Ltd.  19,203,571       1,805
*,1 Star Entertainment Group Ltd.  21,817,238       1,754
* HealthCo REIT   3,964,054       1,734
*,1 Nuix Ltd.   1,977,277       1,701
*,1 Strike Energy Ltd.  23,048,884       1,699
  Kogan.com Ltd.     670,367       1,616
*,1 BrainChip Holdings Ltd.  16,247,756       1,599
  Solvar Ltd.   1,401,581       1,517
*,1 EML Payments Ltd.   3,304,020       1,289
*,1 Novonix Ltd.   6,632,998       1,274
*,1 Mayne Pharma Group Ltd.     794,498       1,251
* Coast Entertainment Holdings Ltd.   3,744,126       1,228
*,3 AVZ Minerals Ltd.  17,339,815       1,196
* Australian Agricultural Co. Ltd.   1,269,730       1,185
*,1 Audinate Group Ltd.     658,245       1,185
  G8 Education Ltd.   6,567,862       1,098
* Baby Bunting Group Ltd.   1,085,195       1,048
  Humm Group Ltd.   2,276,645       1,006
  Webjet Group Ltd.   2,283,016         842
*,1 Syrah Resources Ltd. (XASX)   7,061,462         641
*,3 Firefinch Ltd.   8,031,301         112
* Syrah Resources Ltd.      58,608           5
*,3 ESG Minerals     467,233          —
*,3 Leo Lithium Ltd.   7,547,085          —
               16,835,596
Austria (0.3%)
  Erste Group Bank AG   2,714,373     293,221
2 BAWAG Group AG     740,728     112,611
  OMV AG   1,384,380     101,281
  Raiffeisen Bank International AG   1,235,324      52,905
  voestalpine AG   1,158,165      51,390
1 Verbund AG     640,327      48,933
  ANDRITZ AG     629,855      43,812
  Wienerberger AG   1,034,581      27,514
  Vienna Insurance Group AG Wiener Versicherung Gruppe     341,978      24,299
  UNIQA Insurance Group AG   1,066,256      18,679
  Strabag SE Class BR     186,731      18,484
* AT&S Austria Technologie & Systemtechnik AG     241,983      14,740
  DO & Co. AG      74,526      13,907
1 Oesterreichische Post AG     304,132      12,173
  EVN AG     344,197      11,429
1 CA Immobilien Anlagen AG     295,131       8,364
1 Mayr Melnhof Karton AG      78,606       7,965
  Telekom Austria AG     717,214       7,590
  Porr AG     178,257       7,444
*,1 CPI Europe AG     308,068       5,569
  Palfinger AG     139,049       5,520
*,1 Lenzing AG     176,280       4,911
1 SBO AG      99,233       4,157
1 Agrana Beteiligungs AG     107,217       1,515
*,1 BAJAJ Mobility AG      79,518       1,427
                  899,840
Belgium (0.9%)
  Anheuser-Busch InBev SA NV   9,206,800     636,982
* Argenx SE     598,541     434,385
  UCB SA   1,156,704     348,511
  KBC Group NV   2,188,826     267,895
  Ageas SA   1,773,571     130,558
  Groupe Bruxelles Lambert NV     747,106      67,960
  Aedifica SA     810,148      65,596
* Elia Group SA     426,246      65,471
  Ackermans & van Haaren NV     205,026      63,047
  Warehouses De Pauw CVA   1,807,415      47,082
  Financiere de Tubize SA     186,730      46,321

    Shares Market
Value
($000)
  Lotus Bakeries NV       3,915      44,203
  Umicore SA   2,202,976      42,028
  Syensqo SA     679,968      39,637
  D'ieteren Group     199,730      36,981
  Sofina SA     148,232      35,994
  KBC Ancora     371,366      30,414
  Azelis Group NV   2,120,699      21,626
  Solvay SA     703,488      21,597
  Montea NV     198,273      15,110
  Fagron     585,663      14,713
  Bekaert SA     299,717      14,113
  CMB Tech NV   1,069,381      13,811
  Deme Group NV      62,661      13,621
  VGP NV     131,826      12,643
  Melexis NV     192,644      11,909
  Gimv NV     220,785      11,642
  Xior Student Housing NV     371,537      11,422
  Colruyt Group NV     258,596      10,876
  Proximus SADP   1,208,163       9,833
  Shurgard Self Storage Ltd. (XBRU)     310,474       8,982
  Retail Estates NV     114,409       8,787
  Cofinimmo SA      74,971       7,090
  Barco NV     570,480       6,361
1 Tessenderlo Group SA     182,065       4,201
  Kinepolis Group NV     126,698       3,845
* Vastned NV      73,427       2,461
* bpost SA     931,616       1,962
                2,629,670
Canada (11.2%)
  Royal Bank of Canada  13,535,677   2,188,127
  Toronto-Dominion Bank  16,246,836   1,517,352
* Shopify Inc. Class A  11,834,548   1,404,220
  Enbridge Inc.  21,078,329   1,142,633
  Agnico Eagle Mines Ltd.   4,821,113     978,605
  Canadian Natural Resources Ltd.  19,749,809     963,426
  Bank of Montreal   6,852,031     928,085
  Canadian Imperial Bank of Commerce   9,080,281     860,574
  Bank of Nova Scotia  12,063,286     836,565
  Brookfield Corp.  20,454,062     828,837
  Suncor Energy Inc.  11,632,584     769,401
  Canadian Pacific Kansas City Ltd.   8,720,299     686,228
  Barrick Mining Corp. (XTSE)  16,092,971     657,670
  TC Energy Corp.  10,036,177     628,460
  Wheaton Precious Metals Corp.   4,385,954     575,714
  Manulife Financial Corp.  16,232,856     559,182
  Canadian National Railway Co.   5,265,339     541,939
  National Bank of Canada   3,786,472     489,974
  Franco-Nevada Corp.   1,848,670     457,749
  Cameco Corp.   4,193,736     456,062
  Alimentation Couche-Tard Inc.   7,244,518     410,632
  Waste Connections Inc.   2,472,770     401,765
  Kinross Gold Corp.  11,695,072     357,553
  Nutrien Ltd.   4,715,304     355,944
  Fairfax Financial Holdings Ltd.     205,547     350,235
  Cenovus Energy Inc.  13,055,704     346,500
  Sun Life Financial Inc.   5,393,912     337,919
  Constellation Software Inc.     191,259     335,743
  Dollarama Inc.   2,560,272     314,223
* Celestica Inc.   1,107,846     312,516
  Intact Financial Corp.   1,722,185     312,076
  Fortis Inc. (XTSE)   4,889,379     272,780
  Pembina Pipeline Corp.   5,612,000     251,211
  Power Corp. of Canada   5,156,604     248,248
  Loblaw Cos. Ltd.   5,386,532     245,571
  Restaurant Brands International Inc.   3,297,550     244,015
  Teck Resources Ltd. Class B   4,647,002     240,852
  Pan American Silver Corp.   4,010,718     219,406
  WSP Global Inc.   1,299,950     202,314
  Alamos Gold Inc. Class A   4,032,007     179,384

    Shares Market
Value
($000)
  RB Global Inc.   1,790,993     171,761
  Tourmaline Oil Corp.   3,544,790     169,659
  Lundin Mining Corp.   6,614,837     164,955
  Brookfield Asset Management Ltd. Class A (XTSE)   3,694,913     164,280
  Imperial Oil Ltd.   1,250,744     163,826
* First Quantum Minerals Ltd.   6,577,606     157,265
  Emera Inc.   2,919,548     151,340
* Bombardier Inc. Class B     826,969     146,252
  Magna International Inc.   2,572,972     143,695
  CGI Inc.   1,837,949     134,368
  Whitecap Resources Inc.  11,641,244     131,383
  Metro Inc.   1,881,149     128,709
2 Hydro One Ltd.   3,069,161     126,751
  Great-West Lifeco Inc.   2,569,572     120,342
  Thomson Reuters Corp.   1,307,413     118,006
  ARC Resources Ltd.   5,546,881     115,435
  Toromont Industries Ltd.     784,418     109,822
* IAMGOLD Corp.   5,698,698     107,166
  GFL Environmental Inc.   2,559,083     106,753
  George Weston Ltd.   1,497,212     105,777
  AltaGas Ltd.   2,989,522     103,691
  AtkinsRealis Group Inc.   1,605,007     103,262
  Equinox Gold Corp.   7,142,426     103,150
  First Majestic Silver Corp.   4,651,547      99,712
  iA Financial Corp. Inc.     892,820      99,082
  Gildan Activewear Inc.   1,749,772      97,444
  Stantec Inc.   1,099,869      95,083
  TMX Group Ltd.   2,668,572      94,631
  Element Fleet Management Corp.   3,903,579      84,660
  TFI International Inc.     755,338      82,218
* CAE Inc.   3,086,655      80,367
  Finning International Inc.   1,264,474      78,245
  Hudbay Minerals Inc.   3,667,535      76,799
  BCE Inc.   3,011,131      75,976
* Aritzia Inc.     922,619      75,290
  DPM Metals Inc.   2,079,980      73,235
  Lundin Gold Inc.     953,603      72,876
  Saputo Inc.   2,322,652      72,563
  Keyera Corp. (XTSE)   1,863,121      72,069
  Capital Power Corp.   1,507,044      71,382
  OR Royalties Inc.   1,822,391      69,393
  OceanaGold Corp.   2,173,136      68,517
* NexGen Energy Ltd.   5,871,709      68,126
  Eldorado Gold Corp.   1,946,310      66,836
  South Bow Corp.   2,003,278      66,646
* Ivanhoe Mines Ltd. Class A   7,580,435      64,791
  Canadian Tire Corp. Ltd. Class A     476,721      64,111
  TELUS Corp.   4,987,995      64,111
* G Mining Ventures Corp.   1,694,839      59,480
* Descartes Systems Group Inc.     826,711      59,215
* SSR Mining Inc.   1,954,369      57,405
  B2Gold Corp.  12,357,575      56,143
  FirstService Corp.     395,686      55,045
  Open Text Corp.   2,374,651      52,918
  Brookfield Renewable Corp.   1,303,162      51,935
  PrairieSky Royalty Ltd.   2,235,316      51,741
* Capstone Copper Corp.   6,288,375      47,419
  Orla Mining Ltd.   2,900,486      46,642
  Brookfield Infrastructure Corp. Class A   1,158,929      45,796
  Algonquin Power & Utilities Corp.   7,472,863      45,769
  Colliers International Group Inc.     422,066      45,125
  Definity Financial Corp.     937,753      44,147
  Chartwell Retirement Residences   3,044,934      44,040
  Northland Power Inc.   2,507,466      42,070
  Torex Gold Resources Inc.     901,379      41,372
  Onex Corp.     557,306      40,671
* K92 Mining Inc.   2,315,056      39,292
  Methanex Corp.     650,425      38,756
  RioCan REIT   2,818,910      38,481
  Tamarack Valley Energy Ltd.   4,601,417      38,039

    Shares Market
Value
($000)
  Canadian Apartment Properties REIT   1,481,425      37,816
  Peyto Exploration & Development Corp.   1,892,431      36,975
* Athabasca Oil Corp.   4,564,509      36,914
  IGM Financial Inc.     770,182      36,696
  Stella-Jones Inc.     529,272      35,513
* Aris Mining Corp.   1,868,889      34,702
  Atco Ltd. Class I     708,464      34,677
  Granite REIT     585,508      34,429
  Centerra Gold Inc.   1,934,797      34,409
  Boyd Group Inc.     269,249      34,373
  TransAlta Corp.   2,613,231      34,358
  Gibson Energy Inc.   1,573,447      33,571
  West Fraser Timber Co. Ltd.     511,116      33,384
  Secure Waste Infrastructure Corp.   2,074,665      32,557
* Discovery Silver Corp.   4,892,616      31,443
  First Capital REIT   2,066,506      30,631
* Denison Mines Corp.   8,583,918      30,421
  Baytex Energy Corp.   6,711,820      30,010
* MDA Space Ltd.   1,181,733      29,936
  Sprott Inc.     208,034      29,688
  Choice Properties REIT   2,682,516      29,619
* Fortuna Mining Corp.   2,937,730      29,206
* Skeena Resources Ltd.     941,658      28,045
* Kinaxis Inc.     270,413      27,292
* Allied Gold Corp.     877,714      27,207
  Premium Brands Holdings Corp.     456,756      26,967
* Endeavour Silver Corp.   2,841,903      26,517
* Montage Gold Corp.   2,320,967      26,411
  Topaz Energy Corp.   1,188,056      26,407
  CES Energy Solutions Corp.   1,969,787      26,068
  Boralex Inc. Class A     985,521      25,958
* Wesdome Gold Mines Ltd.   1,451,605      25,920
  BRP Inc.     360,244      25,896
* Almonty Industries Inc.   1,695,604      24,670
  Enerflex Ltd.   1,178,070      24,644
* Seabridge Gold Inc.     865,884      24,555
* ERO Copper Corp.     921,008      24,543
  Dream Industrial REIT   2,738,847      24,355
* Novagold Resources Inc.   2,691,387      24,242
* NGEx Minerals Ltd.   1,302,832      23,695
  SmartCentres REIT   1,234,179      23,635
  Linamar Corp.     380,352      23,560
* Perpetua Resources Corp.     829,924      23,387
* ATS Corp.     804,433      22,674
* Taseko Mines Ltd.   3,387,523      21,941
  Silvercorp Metals Inc.   2,035,566      21,891
  Triple Flag Precious Metals Corp.     608,188      21,117
  Quebecor Inc. Class B     491,998      20,892
  EQB Inc.     255,578      20,482
  Vermilion Energy Inc.   1,476,641      20,349
* Aya Gold & Silver Inc.   1,320,129      20,137
  Exchange Income Corp.     267,876      20,102
  Headwater Exploration Inc.   2,149,062      19,852
1 Freehold Royalties Ltd.   1,581,056      19,742
  Aecon Group Inc.     615,165      18,489
*,1 International Petroleum Corp.     681,580      18,383
  Russel Metals Inc.     530,282      18,297
* Air Canada   1,403,701      18,284
* BlackBerry Ltd.   5,639,716      18,284
  North West Co. Inc.     462,960      18,148
  Boardwalk REIT     397,211      17,975
  Parex Resources Inc.     911,537      17,915
  H&R REIT   2,547,712      17,893
  Strathcona Resources Ltd.     582,372      17,642
  Maple Leaf Foods Inc.     718,511      15,495
  Paramount Resources Ltd. Class A     717,584      15,326
1 Brookfield Wealth Solutions Ltd.     361,191      14,994
  Sienna Senior Living Inc.     959,290      14,930
  Badger Infrastructure Solutions Ltd.     327,687      14,614
  TerraVest Industries Inc.     152,866      14,531

    Shares Market
Value
($000)
  Richelieu Hardware Ltd.     493,663      14,493
  Birchcliff Energy Ltd.   2,616,076      14,368
  Primaris REIT   1,136,775      14,096
* Trisura Group Ltd.     448,812      14,047
  Altus Group Ltd.     399,764      13,722
* Southern Cross Gold Consolidated Ltd.   2,108,062      13,411
* Bausch Health Cos. Inc.   2,447,301      13,230
  Killam Apartment REIT   1,147,477      13,157
  Labrador Iron Ore Royalty Corp.     620,886      13,086
* Advantage Energy Ltd.   1,561,541      12,606
  Keyera Corp.     348,521      12,539
* Foran Mining Corp.   3,166,203      12,268
  InterRent REIT   1,279,596      12,197
  Crombie REIT   1,050,263      11,914
* NFI Group Inc.     832,723      11,505
* Americas Gold & Silver Corp.   2,058,452      10,743
* Lightspeed Commerce Inc.   1,191,630      10,656
* Vizsla Silver Corp.   3,205,326      10,622
  Allied Properties REIT   1,585,964      10,466
  Pet Valu Holdings Ltd.     662,384      10,185
  Superior Plus Corp.   2,097,267      10,116
1 CT REIT     718,279       8,540
  Winpak Ltd.     248,942       8,078
  Westshore Terminals Investment Corp.     311,789       7,538
* Bombardier Inc. Class A      28,850       5,050
* Canfor Corp.     505,264       4,983
  Cogeco Communications Inc.      97,665       4,957
  Enghouse Systems Ltd.     414,122       4,951
  Cargojet Inc.      70,739       4,085
  Leon's Furniture Ltd.     204,514       3,825
1 goeasy Ltd.     119,238       3,277
  Transcontinental Inc. Class A     652,187       2,447
  Canada Packers Inc.     138,855       2,013
* Shopify Inc. Class A (XTSE)       7,835         929
  GFL Environmental Inc. (XTSE)       2,338          98
* IAMGOLD Corp. (XTSE)         112           2
               31,518,883
Denmark (1.3%)
  Novo Nordisk A/S Class B  30,835,742   1,128,417
  DSV A/S   1,844,237     445,398
  Danske Bank A/S   6,127,324     301,970
  Vestas Wind Systems A/S   9,740,387     293,876
  Novonesis (Novozymes) B Class B   3,357,724     199,486
* Genmab A/S     594,959     160,235
*,2 Orsted A/S   4,458,479     110,566
  Carlsberg A/S Class B     874,542     109,185
  Coloplast A/S Class B   1,297,742      88,401
  AP Moller - Maersk A/S Class B      29,495      73,675
  Tryg A/S   2,946,820      70,383
* NKT A/S     520,525      67,762
  AP Moller - Maersk A/S Class A      25,464      62,349
  Ringkjoebing Landbobank A/S     244,538      58,794
  Jyske Bank A/S (Registered)     396,684      54,434
  Pandora A/S     727,813      52,020
  ISS A/S   1,330,302      48,455
  AL Sydbank     601,134      48,314
  ALK-Abello A/S   1,279,167      40,442
  Royal Unibrew A/S     477,427      38,846
  FLSmidth & Co. A/S     456,000      34,545
* Zealand Pharma A/S     684,367      31,871
*,1,2 Netcompany Group A/S     390,522      23,944
*,1 Demant A/S     789,693      23,930
* Bavarian Nordic A/S     761,631      23,024
  ROCKWOOL A/S Class B     783,307      21,756
*,1 GN Store Nord A/S   1,273,975      20,378
  Per Aarsleff Holding A/S     168,620      19,525
  H Lundbeck A/S   2,898,612      18,151
  TORM plc Class A     580,783      16,576
  Alm Brand A/S   6,800,339      16,563

    Shares Market
Value
($000)
1 Ambu A/S Class B   1,318,083      14,087
  Schouw & Co. A/S     113,556      11,722
  D/S Norden A/S     188,296       8,635
  Chemometec A/S     159,935       7,630
  UIE plc     117,037       6,913
2 Scandinavian Tobacco Group A/S     489,267       5,168
* Dfds A/S     302,805       4,957
*,1 NTG Nordic Transport Group A/S     149,229       3,737
1 Gubra A/S      59,637       3,341
  H Lundbeck A/S Class A      30,060         158
                3,769,619
Finland (0.9%)
  Nordea Bank Abp (XHEL)  31,437,086     541,320
  Nokia OYJ  50,384,923     404,189
  Sampo OYJ Class A (XHEL)  22,216,798     237,504
  Kone OYJ Class B   3,017,274     192,625
  Wartsila OYJ Abp   4,387,418     163,422
  UPM-Kymmene OYJ   5,009,098     156,784
  Neste OYJ   3,961,424     128,737
  Metso OYJ   6,656,531     115,360
  Fortum OYJ   4,070,635     104,097
  Orion OYJ Class B   1,013,127      81,888
  Stora Enso OYJ Class R   5,645,969      66,300
  Elisa OYJ   1,357,483      66,124
  Konecranes OYJ   1,876,968      61,603
  Kesko OYJ Class B   2,550,450      56,641
  Valmet OYJ   1,371,878      39,254
  Mandatum OYJ   4,494,737      36,053
  Huhtamaki OYJ     830,420      26,984
  Kemira OYJ   1,088,737      23,737
  TietoEVRY OYJ (XHEL)     966,102      21,133
  Outokumpu OYJ   3,562,567      19,501
* Kalmar OYJ Class B     356,622      18,081
  Sampo OYJ Class A   1,658,930      17,659
  Hiab OYJ     353,977      16,739
  Lumo Kodit OYJ   1,489,706      13,698
1 Nokian Renkaat OYJ   1,160,728      12,355
2 Terveystalo OYJ     710,733       7,160
*,1 Metsa Board OYJ Class B   1,454,882       5,144
  Revenio Group OYJ     192,927       4,263
* YIT OYJ   1,245,823       3,762
*,1 QT Group OYJ     165,714       3,693
1 Tokmanni Group Corp.     433,599       3,617
  Finnair OYJ     841,718       2,698
                2,652,125
France (7.3%)
  TotalEnergies SE (TQEX)  17,560,192   1,611,571
  Schneider Electric SE   5,244,654   1,428,547
  LVMH Moet Hennessy Louis Vuitton SE   2,467,926   1,349,090
  Safran SA   3,364,058   1,100,819
  Airbus SE   5,654,884   1,069,185
  Sanofi SA  10,381,236   1,002,514
  BNP Paribas SA   9,581,861     912,803
  Vinci SA   4,828,518     724,757
  AXA SA  15,539,990     714,086
* Air Liquide SA Loyalty Shares   3,207,566     662,999
  EssilorLuxottica SA   2,788,809     649,863
  Hermes International SCA     329,238     623,692
* L'Oreal SA Loyalty Shares   1,309,688     534,733
  Danone SA   6,128,812     489,736
  Societe Generale SA   6,474,338     472,736
  Orange SA  20,147,292     413,081
  Legrand SA   2,437,324     378,650
  Air Liquide SA (XPAR)   1,800,680     372,198
  Cie de Saint-Gobain SA   4,370,319     361,838
* Engie SA Loyalty Shares   9,351,168     301,364
  L'Oreal SA (XPAR)     715,743     292,231
  Thales SA     863,910     253,337
  Veolia Environnement SA   5,830,110     222,046

    Shares Market
Value
($000)
  Cie Generale des Etablissements Michelin SCA   6,235,878     213,634
  Kering SA     678,172     205,936
  Engie SA (XPAR)   6,270,070     202,068
  Publicis Groupe SA   2,201,332     182,203
  Capgemini SE   1,488,658     175,659
  Credit Agricole SA   8,990,440     167,801
  Pernod Ricard SA   1,849,405     137,525
2 Euronext NV     837,629     134,508
  Dassault Systemes SE   6,400,128     129,566
* Unibail-Rodamco-Westfield   1,174,217     129,546
  Eiffage SA     733,445     112,487
  Bouygues SA   1,831,063     106,122
  Carrefour SA   5,451,170     100,933
  Bureau Veritas SA   3,350,241     100,277
  Accor SA   2,041,229      97,904
* Alstom SA   3,265,382      93,384
  Rexel SA   2,158,173      85,520
  Gaztransport Et Technigaz SA     356,096      83,751
  Eurofins Scientific SE   1,099,983      80,265
* Air Liquide SA     366,495      75,754
  Klepierre SA   2,010,718      75,487
* Abivax SA     648,341      71,989
  SPIE SA   1,420,304      71,123
  Getlink SE   2,991,365      64,550
  Dassault Aviation SA     170,770      63,561
  Ipsen SA     338,958      63,346
  Renault SA   1,808,253      61,994
  Technip Energies NV   1,445,554      61,086
  SCOR SE   1,684,803      60,215
  Nexans SA     390,116      53,071
  Sartorius Stedim Biotech     269,034      52,398
  Elis SA   1,714,508      48,552
2 Amundi SA     562,430      48,334
1 Aeroports de Paris SA     377,725      46,146
  BioMerieux     423,242      45,217
* L'Oreal SA     109,626      44,759
  Edenred SE   2,173,906      43,302
* Air Liquide SA     198,803      41,092
  Vallourec SACA   1,580,130      39,999
  Gecina SA     496,080      39,141
2 Ayvens SA   3,290,805      38,799
* Engie SA   1,202,971      38,769
  Bollore SE   6,723,513      38,445
  Arkema SA     556,147      38,184
* L 'Oreal Prime De Fidelite      81,137      33,127
* Engie SA     999,572      32,214
  FDJ UNITED   1,089,727      32,069
  Covivio SA     523,449      31,283
  Teleperformance SE     523,675      30,773
  Rubis SCA     694,470      28,142
  SES SA   3,515,640      25,260
  Valeo SE   2,033,977      24,908
  Exosens SAS     324,073      23,336
  Wendel SE     233,321      21,020
* Sodexo SA ACT Loyalty Shares     405,960      20,839
  Sopra Steria Group     133,136      18,643
* Forvia SE   1,559,680      17,852
  Alten SA     284,627      17,647
  Coface SA     955,850      16,647
  Virbac SACA      39,494      16,312
* SOITEC     244,226      14,980
  JCDecaux SE     688,285      14,913
  Sodexo SA (XPAR)     272,741      14,000
* Vivendi SE   6,374,977      13,225
  IPSOS SA     329,173      13,002
  Trigano SA      77,611      12,777
*,1 Exail Technologies SA      89,987      12,463
* Carmila SA     621,644      12,080
* Eurazeo SE Prime DE Fidelite     254,640      12,059
  Mercialys SA     891,726      12,044

    Shares Market
Value
($000)
* Emeis SA     773,278      11,845
* Air France-KLM   1,150,318      11,659
* ID Logistics Group SACA      29,765      11,113
  Societe BIC SA     175,734      10,998
  Vicat SACA     149,018      10,877
  ARGAN SA     162,432      10,655
1 Vusion      82,096      10,536
* Viridien      64,638      10,191
* Clariane SE   2,366,954       9,896
  ICADE     441,634       9,894
  Altarea SCA      74,888       9,795
  Pluxee NV     744,750       9,158
1 Remy Cointreau SA     211,565       9,149
  Robertet SA       9,518       8,894
  Opmobility     503,810       8,872
  Derichebourg SA     875,183       8,354
  Imerys SA     306,153       7,676
  Television Francaise 1 SA     892,236       7,255
*,1 Eutelsat Communications SACA   2,838,081       6,796
* SEB SA Loyalty Shares     126,015       6,511
  Antin Infrastructure Partners SA     538,685       6,427
  Etablissements Maurel et Prom SA     516,036       6,365
  Metropole Television SA     460,738       6,183
  Interparfums SA     217,280       5,778
  LISI SA (XPAR)      87,492       5,350
  Mersen SA     202,351       5,287
* Lisi SA Prime de fidelite      80,853       4,944
*,1,2 Worldline SA  15,978,494       4,812
1 Eramet SA      79,096       4,729
* Nexity SA     464,149       4,313
*,1 Ubisoft Entertainment SA     932,807       4,216
  Eurazeo SE (XPAR)      87,819       4,159
  Stef SA      30,109       4,114
  SEB SA (XPAR)      75,237       3,887
  Fnac Darty SA      92,602       3,797
1 Wavestone      67,352       3,599
2 Elior Group SA   1,222,879       3,493
  Peugeot Invest SA      46,267       3,322
  Planisware SA     169,471       2,840
1,2 Verallia SA     139,069       2,823
*,1 Voltalia SA (Registered)     345,999       2,806
  Beneteau SACA     342,858       2,724
  GL Events SACA      77,189       2,637
  Quadient SA     204,407       2,568
*,1,2 X-Fab Silicon Foundries SE     456,212       2,554
*,1 OVH Groupe SA     223,340       2,365
  Manitou BF SA      96,129       2,183
  Equasens      45,136       2,102
  Lagardere SA      97,505       2,047
* Sodexo Inc. (Prime Fidelite 2026)      39,000       2,002
* Sodexo Prime De Fidelite      37,444       1,922
* Sodexo Prime De Fidelite      36,283       1,862
  North Atlantic Energies      20,976       1,619
* SEB SA      25,252       1,305
* SEB SA      20,582       1,063
* LISI SA       8,507         520
* LISI SA       3,652         223
               20,640,957
Germany (6.5%)
  Siemens AG (Registered)   7,104,768   1,730,964
  SAP SE   9,948,387   1,696,027
  Allianz SE (Registered)   3,682,152   1,555,041
  Siemens Energy AG   7,187,185   1,239,426
  Deutsche Telekom AG (Registered)  33,039,927   1,233,158
  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)   1,265,074     798,947
  Rheinmetall AG     436,268     735,891
  Infineon Technologies AG  12,573,719     570,421
  BASF SE   8,640,799     532,190
  Deutsche Boerse AG   1,779,749     521,369

    Shares Market
Value
($000)
  Deutsche Bank AG (Registered)  16,928,030     503,779
  Deutsche Post AG   8,942,173     471,314
  E.ON SE  21,466,773     470,154
  Mercedes-Benz Group AG   7,311,151     449,365
  Bayer AG (Registered)   9,513,507     440,268
  RWE AG   6,323,513     425,438
  adidas AG   1,611,903     260,897
  Heidelberg Materials AG   1,218,715     257,193
  Bayerische Motoren Werke AG (XETR)   2,702,760     250,023
  Commerzbank AG   6,516,222     237,707
  Daimler Truck Holding AG   4,750,347     233,935
  Fresenius SE & Co. KGaA   3,981,736     206,635
  MTU Aero Engines AG     520,720     189,968
  Hannover Rueck SE     581,207     182,732
  Vonovia SE   6,885,080     172,213
  Merck KGaA   1,251,147     158,963
2 Siemens Healthineers AG   3,527,037     150,485
  Symrise AG   1,287,601     109,950
  GEA Group AG   1,389,243      99,633
  Fresenius Medical Care AG   2,032,716      92,118
1 Beiersdorf AG   1,002,984      90,156
  QIAGEN NV   1,961,363      79,454
1 Brenntag SE   1,116,058      75,600
  Knorr-Bremse AG     641,047      73,241
  Continental AG   1,049,016      73,229
  Talanx AG     583,285      72,378
  Henkel AG & Co. KGaA (XTER)     928,420      66,689
1 HOCHTIEF AG     145,163      66,031
* Nordex SE   1,215,498      65,871
*,2 Zalando SE   2,298,773      56,161
1 Aurubis AG     314,922      56,011
2 Scout24 SE     679,153      52,402
1 Hensoldt AG     585,176      51,935
  Deutsche Lufthansa AG (Registered)   5,825,893      49,612
  LEG Immobilien SE (XETR)     733,034      47,883
  Evonik Industries AG   2,422,226      47,531
  RENK Group AG     748,759      44,755
  AIXTRON SE   1,090,760      42,562
  thyssenkrupp AG   4,759,654      41,940
  Nemetschek SE     551,213      41,264
*,2 Delivery Hero SE   2,166,711      40,260
  Bilfinger SE     347,051      40,185
  KION Group AG     681,612      36,420
  Rational AG      49,591      36,382
  Freenet AG   1,142,471      35,178
  TUI AG   4,343,142      34,202
1 K&S AG (Registered)   1,727,625      32,849
  CTS Eventim AG & Co. KGaA     557,585      32,658
* Fraport AG Frankfurt Airport Services Worldwide     353,752      30,817
  Volkswagen AG     277,626      29,037
  TAG Immobilien AG   1,832,601      28,769
  Bechtle AG     796,563      27,470
  flatexDEGIRO SE     782,682      26,991
  Puma SE   1,003,520      26,025
  United Internet AG (Registered)     741,797      24,001
1 Traton SE     607,271      22,276
* Tkms AG& Co. KGaA     237,250      21,883
* Auto1 Group SE   1,137,643      20,255
2 DWS Group GmbH & Co. KGaA     305,329      19,670
* Aumovio SE     491,281      19,239
* Aroundtown SA   6,887,772      18,337
1 LANXESS AG     810,286      17,915
  Krones AG     128,088      17,398
1 Wacker Chemie AG     169,327      16,763
  Jenoptik AG     490,791      16,509
  Schaeffler AG   1,911,475      15,966
1 HUGO BOSS AG     359,840      15,576
1 RTL Group SA     363,048      15,545
* IONOS Group SE     477,827      14,004
  Deutz AG   1,379,883      13,874

    Shares Market
Value
($000)
2 Befesa SA     364,321      12,468
  Alzchem Group AG      60,996      12,208
  Salzgitter AG     267,590      11,586
*,2 Covestro AG (XTER)     163,229      11,226
  Fielmann Group AG     217,589      11,078
  Stroeer SE & Co. KGaA     298,188      10,602
  Deutsche Wohnen SE     471,261      10,466
  Duerr AG     461,888      10,272
1 Carl Zeiss Meditec AG (Bearer)     340,551       9,788
  Elmos Semiconductor SE      56,326       9,706
*,1 Verbio SE     168,775       9,101
  Sixt SE (XETR)     120,431       9,098
  Hornbach Holding AG & Co. KGaA      93,993       8,870
  FUCHS SE     253,082       8,763
1 KWS Saat SE & Co. KGaA      97,910       8,623
1 Kontron AG     363,429       8,110
1 Suedzucker AG     524,727       7,942
*,1 Evotec SE   1,546,986       7,862
  Atoss Software SE      85,889       7,630
*,2 TeamViewer SE   1,432,025       7,423
1 Vossloh AG      91,363       7,297
1 Gerresheimer AG     312,209       7,203
  Eckert & Ziegler SE     414,290       7,147
* SMA Solar Technology AG     126,299       7,010
1 Grand City Properties SA     647,987       6,789
  CANCOM SE     236,592       6,722
1 1&1 AG     239,396       6,601
1 Dermapharm Holding SE     133,764       6,575
*,1,2 Redcare Pharmacy NV     146,112       6,454
* HelloFresh SE   1,356,644       6,235
1 Siltronic AG      98,861       6,209
  Springer Nature AG & Co. KGaA     278,780       5,912
  Indus Holding AG     186,735       5,812
  Pfeiffer Vacuum Technology AG      30,052       5,750
  Wacker Neuson SE     261,498       5,528
1 Kloeckner & Co. SE     381,619       5,512
  Schott Pharma AG & Co. KGaA     334,331       5,377
* CECONOMY AG (XETR)   1,043,505       5,155
1 Norma Group SE (XEQT)     259,830       5,127
  Friedrich Vorwerk Group SE      59,301       4,907
*,1 CECONOMY AG (MUND)     903,346       4,444
1,2 Deutsche Pfandbriefbank AG   1,259,398       4,386
  Stabilus SE     217,890       4,092
  GRENKE AG     230,005       3,400
1 Nagarro SE      59,406       3,326
1 GFT Technologies SE     159,481       3,297
1 PNE AG     330,480       3,234
  Secunet Security Networks AG      15,552       3,220
* Douglas AG     274,426       3,209
*,1 Hypoport SE      37,649       3,178
1 Deutsche Beteiligungs AG     102,123       2,997
  Wuestenrot & Wuerttembergische AG     187,041       2,966
  PATRIZIA SE     356,045       2,896
1 Energiekontor AG      62,282       2,806
  Deutsche EuroShop AG     100,793       2,377
1 ProSiebenSat.1 Media SE     513,461       2,334
1 Adesso SE      31,739       2,124
*,1,2 Thyssenkrupp Nucera AG & Co. KGaA     207,801       2,024
*,3 Norma Group SE      28,027         537
               18,290,354
Hong Kong (1.8%)
  AIA Group Ltd. 101,666,156   1,129,645
  Hong Kong Exchanges & Clearing Ltd.  11,550,299     582,689
  Sun Hung Kai Properties Ltd.  13,463,503     224,179
  CK Hutchison Holdings Ltd.  25,787,514     197,945
  BOC Hong Kong Holdings Ltd.  34,737,939     191,649
  Techtronic Industries Co. Ltd.  13,802,212     183,297
  CLP Holdings Ltd.  15,416,721     145,147
  Jardine Matheson Holdings Ltd.   1,771,224     127,321

    Shares Market
Value
($000)
  Link REIT  25,026,037     115,991
  Power Assets Holdings Ltd.  13,230,073     103,221
2 WH Group Ltd.  75,707,417      99,513
  CK Asset Holdings Ltd.  17,377,301      99,429
  Hong Kong & China Gas Co. Ltd. 105,056,076      95,564
  Galaxy Entertainment Group Ltd.  20,836,879      94,180
  Lenovo Group Ltd.  74,544,312      89,655
  Hongkong Land Holdings Ltd.   9,719,508      75,744
1 MTR Corp. Ltd.  15,398,336      63,102
  SITC International Holdings Co. Ltd.  12,597,736      55,159
  Sino Land Co. Ltd.  36,217,785      53,155
* Zijin Gold International Co. Ltd.   2,197,200      50,006
  CK Infrastructure Holdings Ltd.   5,931,559      47,566
  Henderson Land Development Co. Ltd.  12,788,969      47,514
  Shenzhou International Group Holdings Ltd.   7,714,329      47,136
  Sands China Ltd.  21,798,238      46,459
  Wharf Real Estate Investment Co. Ltd.  15,000,940      43,655
  ASMPT Ltd.   3,016,501      39,045
  Swire Pacific Ltd. Class A   3,377,894      36,919
* MMG Ltd.  38,185,214      36,179
  AAC Technologies Holdings Inc.   7,187,331      30,828
  PCCW Ltd.  37,687,641      27,973
  Swire Properties Ltd.   9,518,800      27,883
  Wharf Holdings Ltd.   9,296,898      25,748
2 Samsonite Group SA  12,838,199      23,882
1 PRADA SpA   4,962,849      23,656
1 Chow Tai Fook Jewellery Group Ltd.  16,585,439      23,312
  Orient Overseas International Ltd.   1,272,527      22,695
2 BOC Aviation Ltd.   2,016,667      20,126
1 Xinyi Glass Holdings Ltd.  15,869,536      19,911
  Hang Lung Properties Ltd.  17,588,093      19,681
  Cathay Pacific Airways Ltd.  12,125,453      17,508
1 CGN Mining Co. Ltd.  32,070,000      15,926
  First Pacific Co. Ltd.  22,722,433      15,916
  Kerry Properties Ltd.   5,516,779      15,468
1,2 Budweiser Brewing Co. APAC Ltd.  16,454,963      15,210
  Hang Lung Group Ltd.   7,809,993      14,931
  Bank of East Asia Ltd.   8,899,704      14,889
  Yue Yuen Industrial Holdings Ltd.   7,597,866      14,822
  Pacific Basin Shipping Ltd.  39,882,261      14,617
*,1,2 FIT Hon Teng Ltd.  16,166,481      14,488
*,1 HUTCHMED China Ltd.   4,847,545      14,117
*,1 New World Development Co. Ltd.  13,292,367      13,802
  Hysan Development Co. Ltd.   5,684,079      13,644
1 United Laboratories International Holdings Ltd.  11,001,064      13,635
  DFI Retail Group Holdings Ltd. (Registered)   2,931,105      12,314
*,1 Bright Smart Securities & Commodities Group Ltd.   8,112,000      12,148
  VTech Holdings Ltd.   1,511,419      11,444
*,1 Duality Biotherapeutics Inc.     296,500      11,339
  MGM China Holdings Ltd.   7,853,609      11,208
  Swire Pacific Ltd. Class B   6,831,958      11,187
  Johnson Electric Holdings Ltd.   3,583,627      10,874
1 Time Interconnect Technology Ltd.   5,410,965      10,818
  CTF Services Ltd.  10,698,703      10,740
*,2 HBM Holdings Ltd.   6,160,000      10,393
  Wynn Macau Ltd.  14,402,316      10,137
  Stella International Holdings Ltd.   5,443,948       9,907
1 United Energy Group Ltd. 135,499,098       9,367
  Dah Sing Financial Holdings Ltd.   1,789,707       9,288
*,1 OSL Group Ltd.   5,084,500       9,134
  Luk Fook Holdings International Ltd.   3,047,653       9,057
  Fortune REIT  14,624,182       8,750
  VSTECS Holdings Ltd.   7,468,750       8,237
*,1 Cowell e Holdings Inc.   2,441,722       8,184
*,1 Vobile Group Ltd.  18,340,230       8,140
  Man Wah Holdings Ltd.  13,764,303       7,585
1 Guotai Junan International Holdings Ltd.  23,303,503       6,970
  Nexteer Automotive Group Ltd.  10,400,777       6,798
*,1 SJM Holdings Ltd.  24,764,247       6,643
1 Nanshan Aluminium International Holdings Ltd.     957,100       6,560

    Shares Market
Value
($000)
*,1 Realord Group Holdings Ltd.   3,839,595       6,188
  Shangri-La Asia Ltd.  10,852,314       6,129
* Mongolian Mining Corp.   4,530,000       6,069
* Deep Source Holdings Ltd.  53,828,893       6,001
1 Chow Sang Sang Holdings International Ltd.   3,249,991       5,687
1 SY Holdings Group Ltd.   4,541,500       5,342
  Dah Sing Banking Group Ltd.   3,395,623       5,299
  CITIC Telecom International Holdings Ltd.  14,558,932       5,040
  NagaCorp Ltd.  10,085,386       5,015
1 Huabao International Holdings Ltd.   8,985,172       4,888
  Champion REIT  16,698,036       4,830
1 Vitasoy International Holdings Ltd.   6,009,174       4,788
*,1 Envision Greenwise Holdings Ltd.  11,173,702       4,398
1 SUNeVision Holdings Ltd.   5,813,962       4,071
*,1 Melco International Development Ltd.   8,314,440       3,884
*,3 Jinchuan Group International Resources Co. Ltd.  42,917,802       3,503
  Cirrus Aircraft Ltd.     701,100       3,225
1 HKBN Ltd.   3,135,000       3,152
  IGG Inc.   6,720,344       3,016
*,1 Super Hi International Holding Ltd.   1,948,000       2,953
  Sunlight REIT   8,924,663       2,588
*,1 China Travel International Investment Hong Kong Ltd.  17,750,609       2,553
  Value Partners Group Ltd.   9,906,044       2,523
  Prosperity REIT  13,581,872       2,468
  KLN Logistics Group Ltd.   2,547,505       2,156
1 Beijing Tong Ren Tang Chinese Medicine Co. Ltd.   2,196,616       2,144
  SmarTone Telecommunications Holdings Ltd.   3,194,657       2,081
  CITIC Resources Holdings Ltd.  28,363,284       1,877
  Giordano International Ltd.   9,757,774       1,821
  Texhong International Group Ltd.   2,413,858       1,803
  Truly International Holdings Ltd.  13,238,294       1,622
1 LK Technology Holdings Ltd.   4,707,966       1,572
1 Cafe de Coral Holdings Ltd.   2,838,597       1,546
  Hutchison Telecommunications Hong Kong Holdings Ltd.  10,268,014       1,534
*,1 Television Broadcasts Ltd.   3,591,505       1,271
* Far East Consortium International Ltd.  12,281,871       1,238
* Asia Cement China Holdings Corp.   4,191,294       1,115
  Singamas Container Holdings Ltd.  11,497,574         911
* Shun Tak Holdings Ltd.  11,737,763         856
*,2 IMAX China Holding Inc.     830,321         822
  C-Mer Medical Holdings Ltd.   4,379,601         727
                4,961,660
Ireland (0.3%)
  AIB Group plc  20,694,381     220,915
  Bank of Ireland Group plc   9,306,172     168,844
  Kingspan Group plc   1,464,719     125,248
  Kerry Group plc Class A   1,570,342     125,030
  Ryanair Holdings plc   2,536,821      71,416
  Glanbia plc (XDUB)   1,925,111      37,750
  Cairn Homes plc (XDUB)   5,773,065      14,196
*,3 Irish Bank Resolution Corp. Ltd.     257,065          —
                  763,399
Israel (1.2%)
* Teva Pharmaceutical Industries Ltd.  11,056,409     331,719
  Bank Leumi Le-Israel BM  14,343,473     320,761
  Bank Hapoalim BM  12,778,066     300,093
  Elbit Systems Ltd.     251,869     212,354
* Tower Semiconductor Ltd.   1,081,280     191,252
* Nova Ltd.     295,341     130,425
  Israel Discount Bank Ltd. Class A  11,917,725     120,342
  Phoenix Financial Ltd.   2,218,545     118,457
  Mizrahi Tefahot Bank Ltd.   1,474,913     107,782
* Enlight Renewable Energy Ltd.   1,252,925      84,448
  Next Vision Stabilized Systems Ltd.     685,012      66,635
* Nice Ltd.     599,614      66,202
  Bezeq The Israeli Telecommunication Corp. Ltd.  26,862,301      64,266
  Harel Insurance Investments & Financial Services Ltd.   1,071,018      59,726
* OPC Energy Ltd.   1,467,432      50,979
  Azrieli Group Ltd.     353,627      47,436

    Shares Market
Value
($000)
  Clal Insurance Enterprises Holdings Ltd.     660,679      47,167
* Camtek Ltd.     273,476      41,711
  First International Bank of Israel Ltd.     498,682      38,722
  Tel Aviv Stock Exchange Ltd.     860,573      38,229
  ICL Group Ltd.   6,999,429      36,126
  Big Shopping Centers Ltd.     154,714      35,532
  Mega Or Holdings Ltd.     221,543      35,375
  Melisron Ltd.     234,008      30,441
  Menora Mivtachim Holdings Ltd.     208,347      30,336
  Delek Group Ltd.      87,998      29,619
  Shufersal Ltd.   1,956,880      28,715
* Migdal Insurance & Financial Holdings Ltd.   5,256,093      27,879
  Strauss Group Ltd.     585,336      25,766
  Paz Retail & Energy Ltd.      99,250      24,527
* Mivne Real Estate KD Ltd.   5,464,341      22,789
* Doral Group Renewable Energy Resources Ltd.   1,007,253      18,968
* Bet Shemesh Engines Holdings 1997 Ltd.      78,704      17,612
* Shikun & Binui Ltd.   3,346,669      17,609
  Alony Hetz Properties & Investments Ltd.   1,614,241      17,420
* Shapir Engineering & Industry Ltd.   1,432,073      17,168
  Energix-Renewable Energies Ltd.   2,703,748      16,349
  FIBI Holdings Ltd.     168,578      16,281
  Kenon Holdings Ltd.     189,353      15,635
  Partner Communications Co. Ltd.   1,295,212      14,558
  Amot Investments Ltd.   2,361,875      14,547
  Reit 1 Ltd.   1,950,104      13,993
  Meitav Investment House Ltd.     378,765      13,396
  Matrix IT Ltd.     469,196      13,089
  El Al Israel Airlines   2,969,996      13,041
* OY Nofar Energy Ltd.     266,088      12,782
  YH Dimri Construction & Development Ltd.      94,165      12,741
* Fattal Holdings 1998 Ltd.      69,221      12,686
  Cellcom Israel Ltd.   1,045,115      11,311
  Formula Systems 1985 Ltd.      93,179      11,274
* Turpaz Industries Ltd.     559,349      11,159
  Generation Capital Ltd.  14,187,737      11,080
  Electra Ltd.     386,539      11,043
  Israel Corp. Ltd.      35,681       9,990
  Ashtrom Group Ltd.     450,562       9,868
* Meshek Energy Renewable Energies Ltd.   2,800,390       9,763
  Israel Canada T.R Ltd.   1,709,417       9,585
  Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.      78,122       9,382
* Gilat Satellite Networks Ltd.     616,572       9,319
* Equital Ltd.     216,588       9,246
* Airport City Ltd.     543,196       9,246
* Oil Refineries Ltd.  20,963,022       9,061
  Aura Investments Ltd.   1,432,307       8,734
  Hilan Ltd.     140,136       8,680
  One Software Technologies Ltd.     454,556       8,578
  Aryt Industries Ltd.     594,355       8,568
  Isrotel Ltd.     172,495       8,118
* Nayax Ltd.     138,134       7,791
  Isracard Ltd.   1,750,631       7,779
  Inrom Construction Industries Ltd.     960,962       7,564
  Max Stock Ltd.     888,417       7,539
  Qualitau Ltd.      43,871       7,345
* Argo Properties NV     177,734       7,284
  Sella Capital Real Estate Ltd.   2,244,927       7,243
  Gav-Yam Lands Corp. Ltd.     625,502       7,140
  Danel Adir Yeoshua Ltd.      46,279       6,590
  Fox Wizel Ltd.      75,862       6,570
* Priortech Ltd.      78,953       6,549
  Summit Real Estate Holdings Ltd.     361,570       6,225
  Blue Square Real Estate Ltd.      47,868       5,929
  Lapidoth Capital Ltd.     206,455       5,808
  IDI Insurance Co. Ltd.      86,896       5,793
  Delta Galil Ltd.     100,030       5,195
* Perion Network Ltd.     432,863       4,422
  Elco Ltd.      90,857       3,823
  G City Ltd.     963,430       3,594

    Shares Market
Value
($000)
  Delek Automotive Systems Ltd.     454,246       2,933
* Orion Retail Properties Ltd.     121,159         117
                3,330,924
Italy (2.7%)
  UniCredit SpA  14,605,043   1,047,821
  Intesa Sanpaolo SpA 148,565,047     898,504
  Enel SpA  75,102,569     821,084
  Eni SpA  18,200,326     517,504
  Ferrari NV   1,153,187     391,281
  Generali   9,365,427     376,785
  Prysmian SpA   2,768,842     326,976
  Leonardo SpA   3,891,865     264,722
  STMicroelectronics NV (AQXE)   6,207,370     211,228
  Banco BPM SpA  14,220,673     197,816
  BPER Banca SpA  13,552,103     177,603
  Banca Monte dei Paschi di Siena SpA  20,121,927     175,574
  Terna - Rete Elettrica Nazionale  13,582,514     155,349
  Snam SpA  19,858,818     150,439
  Stellantis NV  20,771,793     150,130
  FinecoBank Banca Fineco SpA   5,931,198     131,962
  Moncler SpA   2,169,842     130,643
2 Poste Italiane SpA   4,397,027     103,501
  Tenaris SA   3,259,707      95,289
  Unipol Assicurazioni SpA   3,654,428      84,893
* Telecom Italia SpA (MTAA) 106,028,287      74,443
  Italgas SpA   5,948,559      69,295
  Lottomatica Group SpA   2,293,129      66,214
  Recordati Industria Chimica e Farmaceutica SpA   1,052,791      60,281
1 Saipem SpA  12,479,783      57,099
  A2A SpA  15,166,914      42,947
  Banca Mediolanum SpA   2,069,716      41,935
  Buzzi SpA     794,121      40,148
  Azimut Holding SpA   1,049,993      39,896
  Iveco Group NV   1,764,280      39,525
  Davide Campari-Milano NV   5,421,274      38,733
  Hera SpA   7,552,345      34,837
  Banca Generali SpA     540,816      32,274
  Brunello Cucinelli SpA     330,391      28,874
  Interpump Group SpA     736,602      28,124
2 Pirelli & C SpA   3,919,692      27,122
1,2 Infrastrutture Wireless Italiane SpA   3,059,860      24,419
  SOL SpA     348,511      23,614
* Technoprobe SpA   1,401,712      23,491
  De' Longhi SpA     659,001      23,161
2 Technogym SpA   1,057,072      21,352
  Maire SpA   1,369,548      21,319
  Reply SpA     214,045      20,144
  Iren SpA   5,929,949      16,775
  Mediobanca Banca di Credito Finanziario SpA     842,182      16,388
  Banca Popolare di Sondrio SpA     847,660      15,953
1,2 Nexi SpA   4,193,962      15,622
2 Enav SpA   2,501,845      15,045
1 DiaSorin SpA     212,108      14,861
* Fincantieri SpA     899,721      13,883
  Brembo NV   1,372,025      13,057
  Amplifon SpA   1,160,663      12,805
  ERG SpA     496,372      12,673
  Credito Emiliano SpA     665,590      11,280
2 Carel Industries SpA     434,217      11,124
  Webuild SpA (MTAA)   4,135,179      10,992
  ACEA SpA     410,731      10,676
  Tamburi Investment Partners SpA   1,022,063       9,226
  MFE-MediaForEurope NV Class A   2,828,363       8,516
  Danieli & C Officine Meccaniche SpA (MTAA)     122,347       8,367
  Banca IFIS SpA     299,309       7,308
  Intercos SpA     487,893       7,018
  Cementir Holding NV     386,690       6,913
  Sesa SpA      68,902       6,403
2 RAI Way SpA     906,154       6,186

    Shares Market
Value
($000)
  El.En. SpA     425,284       6,093
* Salvatore Ferragamo SpA     621,723       5,035
  Italmobiliare SpA     163,547       4,992
  Moltiply Group SpA     134,106       4,960
1 Sanlorenzo SpA     130,563       4,698
*,2 BFF Bank SpA   1,701,729       2,864
1 Piaggio & C SpA   1,581,657       2,836
  Ariston Holding NV     612,506       2,647
1 MARR SpA     299,152       2,623
  Arnoldo Mondadori Editore SpA   1,121,287       2,584
1 Tinexta SpA     143,179       2,504
*,1,2 GVS SpA     594,887       2,470
1 Zignago Vetro SpA     289,094       2,348
*,1 Juventus Football Club SpA     976,352       2,300
  MFE-MediaForEurope NV Class B     525,443       2,027
2 Anima Holding SpA     237,091       1,808
  Rizzoli Corriere Della Sera Mediagroup SpA   1,459,624       1,617
  Alerion Cleanpower SpA      54,063       1,290
  STMicroelectronics NV      11,712         401
                7,595,519
Japan (20.7%)
  Toyota Motor Corp. 102,836,078   2,137,688
  Mitsubishi UFJ Financial Group Inc. 106,328,878   1,800,565
  Hitachi Ltd.  41,921,185   1,229,778
  Sony Group Corp.  58,168,140   1,212,382
  Sumitomo Mitsui Financial Group Inc.  35,327,994   1,161,595
  Mitsubishi Corp.  31,735,454   1,088,715
  Tokyo Electron Ltd.   4,289,781   1,065,800
  Advantest Corp.   7,013,884     967,963
  Mitsui & Co. Ltd.  24,507,330     947,273
  Mizuho Financial Group Inc.  23,253,478     941,388
  SoftBank Group Corp.  37,897,324     922,790
  Mitsubishi Heavy Industries Ltd.  31,006,790     851,963
  Tokio Marine Holdings Inc.  17,430,761     818,216
  ITOCHU Corp.  60,804,095     773,457
  Shin-Etsu Chemical Co. Ltd.  17,923,520     729,824
  Fast Retailing Co. Ltd.   1,711,132     676,079
  Keyence Corp.   1,812,345     645,027
  Mitsubishi Electric Corp.  19,098,614     624,660
  Nintendo Co. Ltd.   9,964,790     568,846
  Takeda Pharmaceutical Co. Ltd.  15,287,432     563,004
  Recruit Holdings Co. Ltd.  12,811,507     558,197
  Hoya Corp.   3,219,028     558,052
  Marubeni Corp.  14,237,603     520,839
  KDDI Corp.  26,749,826     455,462
  Fujikura Ltd.  15,699,996     431,782
  Sumitomo Electric Industries Ltd.   7,295,039     414,504
  Japan Tobacco Inc.  10,603,496     406,791
  Softbank Corp. 274,195,110     366,907
  Sumitomo Corp.   9,777,278     365,857
  Panasonic Holdings Corp.  21,776,004     365,213
  Murata Manufacturing Co. Ltd.  15,852,215     355,680
  Komatsu Ltd.   8,713,143     346,962
  Disco Corp.     845,369     344,558
  Chugai Pharmaceutical Co. Ltd.   6,194,752     341,631
  Fujitsu Ltd.  16,404,290     335,479
  Sompo Holdings Inc.   8,299,063     323,068
  ORIX Corp.  10,822,788     321,127
  Daiichi Sankyo Co. Ltd.  17,828,709     318,967
  Daikin Industries Ltd.   2,657,365     318,743
  FANUC Corp.   8,967,090     312,565
  Dai-ichi Life Holdings Inc.  33,421,900     308,216
  MS&AD Insurance Group Holdings Inc.  11,799,892     307,925
  Otsuka Holdings Co. Ltd.   4,258,501     302,229
  NEC Corp.  11,966,710     297,769
  Mitsubishi Estate Co. Ltd.  10,543,316     292,645
  Honda Motor Co. Ltd.  36,135,430     292,465
  Aeon Co. Ltd.  23,809,282     284,662
  Astellas Pharma Inc.  17,301,438     282,045

    Shares Market
Value
($000)
  Japan Post Bank Co. Ltd.  17,290,129     282,006
  Seven & i Holdings Co. Ltd.  20,062,054     269,827
  Mitsui Fudosan Co. Ltd.  24,967,495     266,164
  NTT Inc. 263,455,075     263,578
  Toyota Tsusho Corp.   6,664,939     258,311
  Ajinomoto Co. Inc.   9,084,802     256,839
  Inpex Corp.   8,346,463     246,884
  Resona Holdings Inc.  21,172,217     241,527
  TDK Corp.  18,331,650     238,133
* Kioxia Holdings Corp.   1,774,500     231,750
  East Japan Railway Co.  10,109,021     231,208
  ENEOS Holdings Inc.  25,198,924     227,046
  Canon Inc.   8,087,747     224,413
  Renesas Electronics Corp.  15,691,287     224,342
  Nomura Holdings Inc.  28,228,524     222,272
  Bridgestone Corp.  10,592,060     220,720
  FUJIFILM Holdings Corp.  11,466,146     218,495
  Denso Corp.  17,237,760     216,128
  Central Japan Railway Co.   8,166,330     212,334
  SMC Corp.     534,312     210,144
  Suzuki Motor Corp.  16,957,636     206,692
  Sumitomo Mitsui Trust Group Inc.   6,167,560     196,478
  Kyocera Corp.  12,414,112     190,352
  Terumo Corp.  13,880,972     186,487
  Japan Post Holdings Co. Ltd.  15,877,230     183,326
  IHI Corp.   8,775,430     181,063
  Sumitomo Realty & Development Co. Ltd.   6,287,376     178,409
  Nippon Steel Corp.  48,136,705     177,506
  Daiwa House Industry Co. Ltd.   5,573,619     174,861
  Oriental Land Co. Ltd.  10,192,390     173,472
  Asics Corp.   6,436,160     173,037
  Kao Corp.   4,353,143     170,117
1 Lasertec Corp.     748,561     166,610
  Shionogi & Co. Ltd.   7,273,391     160,894
  Kansai Electric Power Co. Inc.   9,414,699     156,529
  Kajima Corp.   4,010,569     152,998
  Obayashi Corp.   6,145,234     148,840
  Tokyo Gas Co. Ltd.   3,153,878     148,535
  Secom Co. Ltd.   3,872,604     147,511
  Kubota Corp.   9,161,150     146,809
  Taisei Corp.   1,414,761     146,572
  Nippon Yusen KK   3,825,799     140,540
  Kawasaki Heavy Industries Ltd.   7,463,535     140,368
  Osaka Gas Co. Ltd.   3,436,676     139,201
  Asahi Group Holdings Ltd.  13,866,545     138,452
  Sumitomo Metal Mining Co. Ltd.   2,367,695     137,807
  Bandai Namco Holdings Inc.   5,557,046     137,095
  Nitto Denko Corp.   6,526,720     130,562
  Sekisui House Ltd.   5,811,082     130,209
  Mitsui OSK Lines Ltd.   3,060,010     127,176
  Furukawa Electric Co. Ltd.     659,037     126,522
  Ebara Corp.   4,398,300     124,508
  Kirin Holdings Co. Ltd.   7,699,200     122,465
  Daiwa Securities Group Inc.  12,722,716     120,553
  Ibiden Co. Ltd.   2,387,166     119,455
  Asahi Kasei Corp.  12,068,008     118,079
  Daifuku Co. Ltd.   3,322,663     117,320
  Chubu Electric Power Co. Inc.   7,098,081     117,025
  Japan Exchange Group Inc.   9,909,204     115,719
  NIDEC Corp.   9,038,352     114,771
  JX Advanced Metals Corp.   5,160,564     114,378
  Konami Group Corp.     927,747     114,324
  Pan Pacific International Holdings Corp.  18,502,690     112,871
  Resonac Holdings Corp.   1,733,368     112,814
  T&D Holdings Inc.   4,374,434     112,049
  Nomura Research Institute Ltd.   4,033,237     110,380
  SCREEN Holdings Co. Ltd.   1,693,088     100,868
  Ryohin Keikaku Co. Ltd.   4,633,262      98,872
  Mitsui Kinzoku Co. Ltd.     518,120      98,279
  Olympus Corp.  10,274,777      97,891

    Shares Market
Value
($000)
  SBI Holdings Inc.   5,202,712      96,335
  Toray Industries Inc.  13,481,707      96,025
  Fuji Electric Co. Ltd.   1,339,011      93,800
  Yokohama Financial Group Inc.  10,130,235      90,424
  Niterra Co. Ltd.   1,871,776      88,257
  Subaru Corp.   5,444,179      87,713
  Shimizu Corp.   4,809,031      86,279
  West Japan Railway Co.   4,225,510      83,667
  Chiba Bank Ltd.   6,230,314      80,649
  Eisai Co. Ltd.   2,561,062      80,179
  Shiseido Co. Ltd.   3,859,102      78,842
  Sojitz Corp.   1,967,422      77,904
  Makita Corp.   2,349,837      77,231
  Shimano Inc.     738,862      77,139
  Mitsubishi Chemical Group Corp.  13,125,394      76,733
  Obic Co. Ltd.   3,158,705      76,702
  Idemitsu Kosan Co. Ltd.   7,545,425      74,077
  Yokogawa Electric Corp.   2,383,689      73,665
  Shizuoka Financial Group Inc.   4,381,663      72,756
  Isuzu Motors Ltd.   5,044,755      72,648
  Mitsubishi HC Capital Inc. (XTKS)   7,912,641      71,001
  Capcom Co. Ltd.   3,288,534      69,493
  Dai Nippon Printing Co. Ltd.   3,755,858      68,432
  JFE Holdings Inc.   5,788,111      67,763
  Unicharm Corp.  11,491,586      67,686
  Mebuki Financial Group Inc.   8,640,631      67,387
  Aisin Corp.   4,773,141      67,244
  AGC Inc.   1,882,073      66,677
  Fukuoka Financial Group Inc.   1,725,842      66,092
  Yaskawa Electric Corp.   2,473,709      65,335
1 Nippon Building Fund Inc.      77,734      65,272
  Nippon Sanso Holdings Corp.   1,831,201      64,931
* Rakuten Group Inc.  13,845,610      64,722
  Daito Trust Construction Co. Ltd.   2,759,650      64,670
  Kokusai Electric Corp.   1,903,800      64,376
  NGK Insulators Ltd.   2,486,887      64,094
  Hankyu Hanshin Holdings Inc.   2,193,541      63,426
  Kikkoman Corp.   6,976,300      63,336
  Yamaha Motor Co. Ltd.   8,758,109      63,272
  Nitori Holdings Co. Ltd.   3,956,485      62,859
  Kyoto Financial Group Inc.   2,357,660      62,121
  Rohm Co. Ltd.   3,108,480      61,935
  Sekisui Chemical Co. Ltd.   3,632,535      60,985
  TOPPAN Holdings Inc.   2,303,172      60,745
  Ono Pharmaceutical Co. Ltd.   3,784,306      60,738
  Food & Life Cos. Ltd.   1,017,889      60,725
  Minebea Mitsumi Inc.   3,648,698      60,587
  LY Corp.  25,017,510      60,321
* Tokyo Electric Power Co. Holdings Inc.  14,493,557      59,722
  Kawasaki Kisen Kaisha Ltd.   3,484,014      58,847
  Toyo Suisan Kaisha Ltd.     836,237      58,809
1 Sanrio Co. Ltd.   9,411,330      58,513
  MEIJI Holdings Co. Ltd.   2,382,474      58,103
  Nippon Paint Holdings Co. Ltd.   9,170,981      57,507
  Shimadzu Corp.   2,412,354      57,324
  Isetan Mitsukoshi Holdings Ltd.   3,045,040      56,106
  Nexon Co. Ltd.   2,903,815      54,698
  Tokyu Corp.   4,575,857      54,014
  Omron Corp.   1,845,425      53,091
  Toho Co. Ltd.   5,065,455      53,029
  MatsukiyoCocokara & Co.   3,316,973      52,980
  Hulic Co. Ltd.   4,476,402      52,179
  Zensho Holdings Co. Ltd.     887,956      51,841
  Kyushu Electric Power Co. Inc.   4,433,689      51,393
  Japan Post Insurance Co. Ltd.   5,061,066      51,044
  Sony Financial Group Inc.  54,670,740      50,081
  Kurita Water Industries Ltd.   1,039,584      49,735
  Nippon Express Holdings Inc.   2,173,391      49,121
  Kinden Corp.   1,083,472      48,744
  Tokyu Fudosan Holdings Corp.   5,639,097      48,130

    Shares Market
Value
($000)
  Hachijuni Nagano Bank Ltd.   3,809,449      47,896
  Japan Real Estate Investment Corp.      64,846      47,746
  Tokyo Ohka Kogyo Co. Ltd.     971,547      47,543
  TOTO Ltd.   1,429,525      47,262
  Sumitomo Chemical Co. Ltd.  14,497,711      46,908
  Yokohama Rubber Co. Ltd.   1,221,419      46,864
  Nissan Chemical Corp.   1,194,702      46,457
  Skylark Holdings Co. Ltd.   2,137,278      46,073
  Japan Metropolitan Fund Investment      64,786      45,622
  Kandenko Co. Ltd.   1,191,918      45,269
  Ricoh Co. Ltd.   5,329,706      45,055
* Nissan Motor Co. Ltd.  20,764,838      45,005
  MISUMI Group Inc.   2,588,950      44,379
  Open House Group Co. Ltd.     681,437      43,674
  Gunma Bank Ltd.   3,274,197      43,635
  Horiba Ltd.     369,635      43,231
  Tokyo Tatemono Co. Ltd.   1,872,332      43,195
  McDonald's Holdings Co. Japan Ltd.     825,800      43,161
  Electric Power Development Co. Ltd.   1,560,823      42,987
  Hikari Tsushin Inc.     168,779      42,939
  Sumitomo Forestry Co. Ltd.   4,714,963      42,900
  Asahi Intecc Co. Ltd.   2,006,195      42,840
  Seibu Holdings Inc.   1,526,152      42,639
  Haseko Corp.   2,304,262      42,569
  TIS Inc.   1,988,603      42,519
  Otsuka Corp.   2,188,078      41,890
  Sanwa Holdings Corp.   1,838,231      41,805
  Brother Industries Ltd.   2,256,380      41,772
  Modec Inc.     440,917      41,739
  Square Enix Holdings Co. Ltd.   2,616,542      41,697
  Iyogin Holdings Inc.   2,226,960      41,143
  Mitsui Chemicals Inc.   3,378,568      40,813
  Amada Co. Ltd.   2,889,957      40,758
  Azbil Corp.   4,660,632      40,723
  M3 Inc.   3,962,707      40,675
  Trend Micro Inc.   1,215,792      40,530
  Hokuhoku Financial Group Inc.   1,058,895      40,166
  NOF Corp.   2,009,303      40,109
  NH Foods Ltd.     899,722      39,956
  Oji Holdings Corp.   7,371,881      39,882
  Kobe Steel Ltd.   3,248,754      39,427
  77 Bank Ltd.   1,987,932      39,371
  Nomura Real Estate Master Fund Inc.      39,869      39,370
  Mitsubishi Materials Corp.   1,243,611      39,189
  Mazda Motor Corp.   5,716,128      39,097
  Tosoh Corp.   2,623,611      39,000
  BayCurrent Inc.   1,346,076      38,964
  Sysmex Corp.   4,415,370      38,506
  USS Co. Ltd.   3,653,962      38,435
  Yakult Honsha Co. Ltd.   2,283,350      38,208
  Mitsubishi Gas Chemical Co. Inc.   1,625,910      38,149
  Sapporo Holdings Ltd.   3,518,395      37,941
  Nippon Prologis REIT Inc.      69,590      37,542
  Kyowa Kirin Co. Ltd.   2,271,901      37,182
  SUMCO Corp.   3,349,021      37,002
  Nitto Boseki Co. Ltd.     291,723      36,929
  Kintetsu Group Holdings Co. Ltd.   1,785,010      36,583
  KDX Realty Investment Corp.      35,785      36,420
  Nissin Foods Holdings Co. Ltd.   1,913,537      36,318
  Santen Pharmaceutical Co. Ltd.   3,075,202      34,771
  Nikon Corp.   2,843,898      34,730
  SG Holdings Co. Ltd.   3,703,171      34,710
  J Front Retailing Co. Ltd.   2,248,108      34,664
  GLP J-Reit      42,218      34,567
  COMSYS Holdings Corp.   1,075,944      34,391
  CyberAgent Inc.   4,019,437      34,387
  Tohoku Electric Power Co. Inc.   4,577,258      34,329
  Hirose Electric Co. Ltd.     261,404      34,221
  Dentsu Group Inc.   1,987,692      34,163
  Suntory Beverage & Food Ltd.   1,206,017      34,058

    Shares Market
Value
($000)
  Hitachi Construction Machinery Co. Ltd.     989,218      33,967
  Sumitomo Heavy Industries Ltd.   1,100,308      33,652
  Tobu Railway Co. Ltd.   1,861,127      33,628
  Odakyu Electric Railway Co. Ltd.   3,224,181      33,615
  Japan Steel Works Ltd.     607,473      33,462
  Medipal Holdings Corp.   1,779,556      33,415
  Hoshizaki Corp.   1,028,525      33,110
  United Urban Investment Corp.      30,690      33,068
  Mitsui E&S Co. Ltd.     903,069      33,065
  Tokyo Seimitsu Co. Ltd.     369,599      32,865
  Seiko Epson Corp.   2,649,785      32,760
  Nomura Real Estate Holdings Inc.   5,045,385      32,713
  Kyushu Railway Co.   1,371,677      32,704
  Tsuruha Holdings Inc.   2,027,691      31,818
* Rakuten Bank Ltd.     858,300      31,379
  Hamamatsu Photonics KK   2,684,794      31,235
  Daiwa House REIT Investment Corp.      39,464      31,149
  EXEO Group Inc.   1,809,988      31,111
  Orix JREIT Inc.      50,778      30,950
  NSK Ltd.   4,341,579      30,767
  GS Yuasa Corp.     893,895      30,728
  JGC Holdings Corp.   2,082,457      30,629
  Keisei Electric Railway Co. Ltd.   4,085,574      30,568
  Dowa Holdings Co. Ltd.     532,747      30,501
  Rohto Pharmaceutical Co. Ltd.   1,985,114      30,494
  THK Co. Ltd.   1,030,686      30,471
  Cosmo Energy Holdings Co. Ltd.   1,076,746      30,461
  Nisshin Seifun Group Inc.   2,287,819      30,315
  Marui Group Co. Ltd.   1,551,028      30,062
  Meiko Electronics Co. Ltd.     185,905      29,936
  Kuraray Co. Ltd.   2,836,670      29,907
  Nishi-Nippon Financial Holdings Inc.   1,215,627      29,325
  Taiyo Yuden Co. Ltd.   1,184,548      29,212
  Credit Saison Co. Ltd.   1,105,053      28,886
  Yamato Holdings Co. Ltd.   2,569,181      28,651
  Hirogin Holdings Inc.   2,557,692      28,584
  Kamigumi Co. Ltd.     826,605      28,576
  Yamazaki Baking Co. Ltd.   1,272,555      28,445
  Kraftia Corp.     468,401      28,331
  Takashimaya Co. Ltd.   2,360,874      28,320
  Maruwa Co. Ltd.      79,529      28,088
  Kobe Bussan Co. Ltd.   1,283,674      27,777
  Lixil Corp.   2,688,668      27,764
  Daishi Hokuetsu Financial Group Inc.   2,277,052      27,646
  ZOZO Inc.   3,926,187      27,495
  Takasago Thermal Engineering Co. Ltd.     983,602      27,345
1 ANA Holdings Inc.   1,519,888      27,220
  Penta-Ocean Construction Co. Ltd.   2,553,151      27,155
1 Tokyo Metro Co. Ltd.   2,631,600      26,986
  Alfresa Holdings Corp.   1,666,640      26,916
  Shimamura Co. Ltd.   1,285,588      26,916
  Koito Manufacturing Co. Ltd.   1,699,874      26,853
  Chugin Financial Group Inc.   1,487,082      26,813
  Yamaguchi Financial Group Inc.   1,703,310      26,677
  Invincible Investment Corp.      70,870      26,665
  Kyushu Financial Group Inc.   3,563,428      26,245
  Nichias Corp.   1,404,822      26,211
  Advance Residence Investment Corp.      25,460      26,018
  MonotaRO Co. Ltd.   2,391,215      25,920
  Toyo Tire Corp.   1,103,167      25,881
  Japan Hotel REIT Investment Corp.      54,482      25,858
  Yamaha Corp.   3,646,254      25,814
  Ulvac Inc.     476,538      25,673
  Zenkoku Hosho Co. Ltd.   1,289,586      25,659
  INFRONEER Holdings Inc.   1,841,391      25,546
* Mercari Inc.   1,084,830      25,542
  Nabtesco Corp.   1,015,122      25,490
  Nagase & Co. Ltd.   3,424,756      25,468
  Keio Corp.   5,166,135      25,350
  SKY Perfect JSAT Holdings Inc.   1,331,476      25,247

    Shares Market
Value
($000)
1 Nikkon Holdings Co. Ltd.     932,556      25,226
  Kewpie Corp.     991,271      25,199
  Toyo Seikan Group Holdings Ltd.   1,104,242      25,124
  Persol Holdings Co. Ltd.  16,995,470      25,080
  Lion Corp.   2,383,554      25,061
  Kadokawa Corp.   1,028,144      24,863
  Mitsubishi Logistics Corp.   2,938,180      24,809
  Yamato Kogyo Co. Ltd.     319,254      24,729
  ALSOK Co. Ltd.   3,104,035      24,704
  Toyoda Gosei Co. Ltd.     938,374      24,597
  Nippon Electric Glass Co. Ltd.     633,470      24,381
  Air Water Inc.   1,768,195      23,951
  Taiheiyo Cement Corp.   1,060,703      23,901
  Nichirei Corp.   1,906,080      23,682
  Taiyo Holdings Co. Ltd.     741,418      23,682
  NHK Spring Co. Ltd.   1,482,138      23,633
  UACJ Corp.   1,573,792      23,555
  Fuji Corp.     765,400      23,371
  Iwatani Corp.   1,808,728      23,269
  Kansai Paint Co. Ltd.   1,548,673      23,217
  Japan Airlines Co. Ltd.   1,412,648      23,063
  Sankyu Inc.     411,706      23,015
  Rinnai Corp.     979,881      22,898
  JTEKT Corp.   2,133,631      22,890
  Sumitomo Rubber Industries Ltd.   1,734,058      22,871
  Shiga Bank Ltd.   1,901,055      22,835
  Nissui Corp.   2,677,701      22,827
  Kanematsu Corp.   1,598,212      22,787
  Nifco Inc.     801,867      22,739
  Alps Alpine Co. Ltd.   1,673,437      22,697
  GMO Payment Gateway Inc.     432,350      22,596
  Japan Petroleum Exploration Co. Ltd.   1,370,825      22,579
*,1 Sumitomo Pharma Co. Ltd.   1,642,701      22,410
  Sega Sammy Holdings Inc.   1,451,719      22,350
  Citizen Watch Co. Ltd.   2,057,417      22,280
  Iida Group Holdings Co. Ltd.   1,440,538      22,161
  Anritsu Corp.   1,219,128      22,137
  Toho Gas Co. Ltd.   2,779,012      22,114
  Japan Airport Terminal Co. Ltd.     666,896      22,079
  SWCC Corp.     272,651      21,965
  Organo Corp.     241,988      21,855
  Sugi Holdings Co. Ltd.     985,640      21,704
  Dexerials Corp.   1,554,041      21,649
  Japan Prime Realty Investment Corp.      34,838      21,355
  Sekisui House REIT Inc.      37,461      21,248
  BIPROGY Inc.     717,178      21,110
  Socionext Inc.   1,700,190      21,110
  Hyakugo Bank Ltd.   2,142,374      21,059
  Coca-Cola Bottlers Japan Holdings Inc.     916,620      20,793
  Sankyo Co. Ltd.   1,677,770      20,753
  Suzuken Co. Ltd.     543,156      20,552
  Mitsui Fudosan Logistics Park Inc.      28,787      20,544
  Industrial & Infrastructure Fund Investment Corp.      22,993      20,537
  Keikyu Corp.   2,104,164      20,401
  Nagoya Railroad Co. Ltd.   1,859,532      20,315
*,1 Metaplanet Inc.  10,387,700      20,268
  Nankai Electric Railway Co. Ltd.   1,035,265      20,146
  Morinaga Milk Industry Co. Ltd.     660,650      19,950
  Macnica Holdings Inc.   1,309,399      19,678
  Chugoku Electric Power Co. Inc.   3,078,881      19,631
  Canon Marketing Japan Inc.     883,876      19,439
  North Pacific Bank Ltd.   3,177,442      19,364
  Mitsui Fudosan Accommodations Fund Inc.      22,777      19,245
  Seiko Group Corp.     532,930      19,159
  Hisamitsu Pharmaceutical Co. Inc.     502,463      19,135
  Sanki Engineering Co. Ltd.     438,166      19,036
  Ezaki Glico Co. Ltd.     510,816      19,017
  DMG Mori Co. Ltd.   1,229,181      18,989
  Toda Corp.   2,029,610      18,871
  Teijin Ltd.   1,788,266      18,827

    Shares Market
Value
($000)
  Micronics Japan Co. Ltd.     301,405      18,772
  ADEKA Corp.     802,840      18,761
  Nippon Gas Co. Ltd.   1,003,111      18,748
  Nippon Shinyaku Co. Ltd.     566,512      18,636
  Kobayashi Pharmaceutical Co. Ltd.     494,804      18,474
  Miura Co. Ltd.     918,864      18,431
  Casio Computer Co. Ltd.   2,050,966      18,414
1 Denka Co. Ltd.     804,697      18,385
  DIC Corp.     779,847      18,301
  Meidensha Corp.     367,539      18,225
  Daido Steel Co. Ltd.   1,529,055      18,139
  Shikoku Electric Power Co. Inc.   1,612,023      18,115
  Kokuyo Co. Ltd.   3,315,116      17,981
  Hazama Ando Corp.   1,436,801      17,980
  Mabuchi Motor Co. Ltd.   1,781,836      17,951
  Mirait One Corp.     775,872      17,939
  Tokyo Century Corp.   1,375,896      17,810
  Oracle Corp. Japan     325,270      17,709
  Keihan Holdings Co. Ltd.     866,629      17,709
  Resorttrust Inc.   1,609,640      17,691
  Activia Properties Inc.      19,881      17,623
  Daicel Corp.   2,223,999      17,620
  Rengo Co. Ltd.   2,167,070      17,565
  Mitsui-Soko Holdings Co. Ltd.     684,501      17,447
  Internet Initiative Japan Inc.   1,119,024      17,382
  Tokyo Kiraboshi Financial Group Inc.     241,640      17,372
  Yamada Holdings Co. Ltd.   5,189,200      17,223
  Juroku Financial Group Inc.   1,473,470      16,860
  Jeol Ltd.     447,736      16,676
  Nippon Shokubai Co. Ltd.   1,149,392      16,635
  Zeon Corp.   1,454,441      16,575
  Sumitomo Bakelite Co. Ltd.     521,254      16,441
  Inaba Denki Sangyo Co. Ltd.     984,816      16,438
  Sundrug Co. Ltd.     651,737      16,116
  Rorze Corp.     933,720      16,052
  Toho Holdings Co. Ltd.     534,735      16,043
  Takara Holdings Inc.   1,624,196      15,952
1 Ferrotec Corp.     387,242      15,944
  Kakaku.com Inc.   1,208,906      15,914
  CKD Corp.     554,452      15,780
  Stanley Electric Co. Ltd.     858,801      15,769
  Cosmos Pharmaceutical Corp.     365,208      15,713
  Daiwabo Holdings Co. Ltd.     796,331      15,679
  San-In Godo Bank Ltd.   1,392,812      15,672
  Tokuyama Corp.     644,529      15,655
  Suruga Bank Ltd.   1,210,904      15,619
  Dai-Dan Co. Ltd.     908,176      15,601
  Hanwa Co. Ltd.   1,549,110      15,536
  Aichi Financial Group Inc.   1,755,925      15,512
  Konica Minolta Inc.   4,619,337      15,499
  Seino Holdings Co. Ltd.   1,005,690      15,492
  ARE Holdings Inc.     709,926      15,485
  Shibaura Mechatronics Corp.     579,300      15,409
  Park24 Co. Ltd.   1,259,342      15,363
  MEITEC Group Holdings Inc.     740,649      15,334
  Aozora Bank Ltd.     955,200      15,304
  Tsumura & Co.     641,742      15,254
  Japan Logistics Fund Inc.      25,179      15,200
  Fuyo General Lease Co. Ltd.     560,845      15,180
  Nippon Kayaku Co. Ltd.   1,325,298      14,926
* Makino Milling Machine Co. Ltd.     206,033      14,907
  Sotetsu Holdings Inc.     799,625      14,880
  Maruichi Steel Tube Ltd.   1,623,981      14,824
  Amano Corp.     613,648      14,754
  UBE Corp.     938,574      14,714
  Namura Shipbuilding Co. Ltd.     528,600      14,661
  Senko Group Holdings Co. Ltd.   1,277,765      14,661
  Bank of Nagoya Ltd.     393,032      14,501
  LaSalle Logiport REIT      15,446      14,496
1 NS Solutions Corp.     616,780      14,369

    Shares Market
Value
($000)
  Nipro Corp.   1,458,233      14,356
  Nihon Kohden Corp.   1,527,306      14,332
  Kagome Co. Ltd.     805,746      14,300
  Kaneka Corp.     463,944      14,201
  Hakuhodo DY Holdings Inc.   2,138,229      14,087
  SHO-BOND Holdings Co. Ltd.   1,569,536      14,047
  Japan Elevator Service Holdings Co. Ltd.   1,353,414      13,995
  Calbee Inc.     717,921      13,978
  Keiyo Bank Ltd.   1,072,178      13,955
  Sawai Group Holdings Co. Ltd.     984,603      13,875
  Max Co. Ltd.   1,353,536      13,867
  Daihen Corp.     185,534      13,748
  Ogaki Kyoritsu Bank Ltd.     347,340      13,729
  ABC-Mart Inc.     858,755      13,709
  Sinfonia Technology Co. Ltd.     198,775      13,695
  Tsubakimoto Chain Co.     912,858      13,567
  Blue Zones Holdings Co. Ltd.   1,120,890      13,483
  Oki Electric Industry Co. Ltd.     795,097      13,481
  Rigaku Holdings Corp.   1,019,100      13,435
  Goldwin Inc.     937,478      13,314
  Kiyo Bank Ltd.     532,327      13,210
  NOK Corp.     725,818      13,153
  AEON REIT Investment Corp.      16,583      13,107
  Sumitomo Warehouse Co. Ltd.     507,458      13,073
  Comforia Residential REIT Inc.      19,022      13,030
  Koei Tecmo Holdings Co. Ltd.   1,265,948      13,020
  Nishi-Nippon Railroad Co. Ltd.     677,360      13,011
  Frontier Real Estate Investment Corp.      24,301      12,983
1 Hokkaido Electric Power Co. Inc.   1,899,536      12,930
  Harmonic Drive Systems Inc.     559,508      12,887
  Kumagai Gumi Co. Ltd.   1,285,900      12,747
  Tomy Co. Ltd.     761,204      12,705
  Nisshinbo Holdings Inc.   1,357,391      12,692
1 Yoshinoya Holdings Co. Ltd.     603,551      12,566
  Senshu Ikeda Holdings Inc.   2,238,268      12,512
  Mitsubishi Motors Corp.   6,185,947      12,421
  Nanto Bank Ltd.   1,363,655      12,387
  Daiwa Securities Living Investments Corp.      18,307      12,296
  K's Holdings Corp.   1,157,443      12,293
  Takeuchi Manufacturing Co. Ltd.     307,198      12,283
  C Uyemura & Co. Ltd.      95,800      12,228
  Okumura Corp.     300,277      12,151
  Hulic REIT Inc.      11,816      12,021
  Hyakujushi Bank Ltd.     881,592      11,933
  H2O Retailing Corp.     777,950      11,903
  Mizuno Corp.     548,583      11,888
  Toyota Boshoku Corp.     753,595      11,814
  Kose Holdings Corp.     314,346      11,758
  Ushio Inc.     641,880      11,758
  Nojima Corp.   1,691,052      11,724
  Aica Kogyo Co. Ltd.     510,375      11,706
  Hokuriku Electric Power Co.   1,702,913      11,701
  Musashino Bank Ltd.     868,389      11,661
  Morinaga & Co. Ltd.     681,304      11,631
1 Toridoll Holdings Corp.     421,776      11,612
  Inabata & Co. Ltd.     459,935      11,600
  Wacoal Holdings Corp.     458,971      11,599
  Glory Ltd.     451,772      11,568
  Umios Corp.   1,241,664      11,563
  Awa Bank Ltd.     309,899      11,454
  Acom Co. Ltd.   3,846,325      11,371
  Tokai Carbon Co. Ltd.   1,841,414      11,315
  Toa Corp.     565,364      11,297
1 Kusuri no Aoki Holdings Co. Ltd.     461,706      11,293
  Ship Healthcare Holdings Inc.     729,645      11,261
  Seria Co. Ltd.     470,152      11,224
  Mizuho Leasing Co. Ltd.   1,262,800      11,182
  House Foods Group Inc.     580,848      11,171
  Saizeriya Co. Ltd.     275,327      11,150
  Kotobuki Spirits Co. Ltd.     955,845      11,126

    Shares Market
Value
($000)
  Nihon M&A Center Holdings Inc.   2,743,284      11,108
  Mori Hills REIT Investment Corp.      13,239      11,099
  Pigeon Corp.   1,071,982      11,085
  Lintec Corp.     379,712      11,054
  CCI Group Inc.   1,822,430      10,992
  TBS Holdings Inc.     303,262      10,927
  NTN Corp.   5,263,339      10,909
1 Kyoritsu Maintenance Co. Ltd.     698,588      10,842
  Nippn Corp.     633,719      10,842
  NTT UD REIT Investment Corp.      12,367      10,826
1 Create Restaurants Holdings Inc.   2,227,936      10,765
  EDION Corp.     785,868      10,742
  NSD Co. Ltd.     620,605      10,735
  H.U. Group Holdings Inc.     526,953      10,719
  Fuso Chemical Co. Ltd.     599,622      10,700
  Okamura Corp.     674,739      10,628
  OBIC Business Consultants Co. Ltd.     265,756      10,616
  Tokai Tokyo Financial Holdings Inc.   2,303,804      10,562
  OSG Corp.     648,189      10,559
  Yonex Co. Ltd.     551,659      10,547
  Kanadevia Corp.   1,580,345      10,350
  Yodoko Ltd.   1,160,455      10,338
  Nakanishi Inc.     594,902      10,330
  Relo Group Inc.     851,481      10,268
1 Fuji Media Holdings Inc.     400,733      10,229
  Takuma Co. Ltd.     590,539      10,225
  OKUMA Corp.     442,402      10,210
  GMO internet group Inc.     554,456      10,192
* Visional Inc.     225,527      10,163
  Nishimatsu Construction Co. Ltd.     278,298      10,157
  Nippon Light Metal Holdings Co. Ltd.     563,498      10,143
  Daiwa Office Investment Corp.       4,868      10,098
  Mori Trust REIT Inc.      22,323      10,091
  Starts Corp. Inc.     330,337      10,053
  Toagosei Co. Ltd.     915,896       9,995
*,1 Money Forward Inc.     448,023       9,986
  Osaka Soda Co. Ltd.     893,965       9,949
  AEON Financial Service Co. Ltd.     987,549       9,860
  JVCKenwood Corp.   1,387,373       9,858
  Toei Animation Co. Ltd.     598,300       9,850
1 Colowide Co. Ltd.     854,744       9,809
  Nippon Television Holdings Inc.     486,000       9,795
  Mitsubishi Estate Logistics REIT Investment Corp.      12,435       9,794
  Katitas Co. Ltd.     487,963       9,781
  Raito Kogyo Co. Ltd.     397,705       9,767
  Arcs Co. Ltd.     408,568       9,760
  Duskin Co. Ltd.     365,594       9,740
  Toei Co. Ltd.     258,330       9,682
  Tokyu REIT Inc.       7,789       9,673
  Daiseki Co. Ltd.     392,339       9,650
  Japan Securities Finance Co. Ltd.     721,638       9,618
  Seiren Co. Ltd.     485,669       9,618
  Fuji Oil Co. Ltd.     418,965       9,595
  Nippon Soda Co. Ltd.     423,250       9,535
  Ito En Ltd.     506,212       9,495
  Japan Excellent Inc.      10,523       9,478
  DCM Holdings Co. Ltd.     928,039       9,447
* Pacific Industrial Co. Ltd.     489,241       9,434
  Noritake Co. Ltd.     471,792       9,427
  Furuno Electric Co. Ltd.     235,638       9,425
  Pilot Corp.     314,924       9,425
  Taikisha Ltd.     438,648       9,328
  Tokai Rika Co. Ltd.     488,341       9,309
  Okasan Securities Group Inc.   1,746,248       9,242
  Valor Holdings Co. Ltd.     394,935       9,207
  Bic Camera Inc.     838,559       9,187
  Ain Holdings Inc.     255,965       9,175
  Itoham Yonekyu Holdings Inc.     252,302       9,159
  Nippon Densetsu Kogyo Co. Ltd.     295,955       9,158
  Yamanashi Chuo Bank Ltd.     268,927       9,114

    Shares Market
Value
($000)
  Towa Corp.     609,745       9,082
  Kissei Pharmaceutical Co. Ltd.     304,358       9,048
  Iino Kaiun Kaisha Ltd.     803,179       9,027
  Exedy Corp.     252,760       9,026
*,1 Chiyoda Corp.   1,538,964       9,023
  Seven Bank Ltd.   5,256,523       9,004
  Nextage Co. Ltd.     440,483       8,961
  Tadano Ltd.   1,042,967       8,951
  Monogatari Corp.     299,962       8,951
  Megmilk Snow Brand Co. Ltd.     438,394       8,949
  Nisshin Oillio Group Ltd.     735,819       8,866
*,1 Sharp Corp.   2,368,294       8,792
  Toho Bank Ltd.   2,092,682       8,772
  Tsugami Corp.     419,807       8,744
  Sangetsu Corp.     445,241       8,719
  Heiwa Real Estate REIT Inc.       9,639       8,713
  DeNA Co. Ltd.     558,705       8,709
  NIPPON REIT Investment Corp.      15,513       8,708
  Sakata Seed Corp.     318,993       8,705
  Fujimi Inc.     494,905       8,702
  Nihon Parkerizing Co. Ltd.     936,926       8,678
  Tocalo Co. Ltd.     529,803       8,658
  Kaga Electronics Co. Ltd.     360,414       8,631
  Daiei Kankyo Co. Ltd.     346,300       8,596
  Miyazaki Bank Ltd.     740,645       8,533
  Round One Corp.   1,619,241       8,515
  Kato Sangyo Co. Ltd.     199,421       8,481
  Itoki Corp.     429,100       8,424
  Fukuda Denshi Co. Ltd.     136,082       8,395
  MCJ Co. Ltd.     575,926       8,392
  Nippon Paper Industries Co. Ltd.   1,023,147       8,333
  TOMONY Holdings Inc.   1,563,904       8,268
  DTS Corp.   1,257,708       8,265
  Dentsu Soken Inc.     660,070       8,254
  Chudenko Corp.     280,946       8,245
  KYB Corp.     305,832       8,235
  Okinawa Cellular Telephone Co.     376,326       8,220
  YAMABIKO Corp.     361,954       8,219
  Oita Bank Ltd.     684,610       8,217
  PILLAR Corp.     178,649       8,211
  Leopalace21 Corp.   2,013,140       8,185
  Chugoku Marine Paints Ltd.     382,674       8,159
  Star Asia Investment Corp.      23,349       8,147
  First Bank of Toyama Ltd.     535,507       8,139
  TOKAI Holdings Corp.   1,104,787       8,134
  Nittetsu Mining Co. Ltd.     496,480       8,079
  Yamaichi Electronics Co. Ltd.     164,712       8,078
  Taihei Dengyo Kaisha Ltd.     427,320       8,041
  KOMEDA Holdings Co. Ltd.     429,406       8,038
  Nikkiso Co. Ltd.     500,686       8,036
  PAL GROUP Holdings Co. Ltd.     875,760       8,035
  TKC Corp.     340,112       8,024
  Kanamoto Co. Ltd.     287,037       8,002
  As One Corp.     566,806       7,980
  Hoshino Resorts REIT Inc.       5,192       7,969
*,3 Aiful Corp.   2,812,847       7,923
  Workman Co. Ltd.     198,900       7,911
  PALTAC Corp.     253,419       7,775
  Shikoku Kasei Holdings Corp.     280,515       7,749
  Takara Standard Co. Ltd.     444,537       7,745
  Kaken Pharmaceutical Co. Ltd.     293,506       7,716
  Tamron Co. Ltd.   1,203,728       7,683
  Rakus Co. Ltd.   1,603,430       7,644
  Izumi Co. Ltd.   1,153,143       7,576
  San ju San Financial Group Inc.     814,588       7,574
  Union Tool Co.      87,241       7,531
  Toyo Ink SC Holdings Co. Ltd.     311,915       7,515
  Kurabo Industries Ltd.     139,538       7,499
  Kitz Corp.     649,661       7,477
  Fukuyama Transporting Co. Ltd.     218,831       7,437

    Shares Market
Value
($000)
  Fukuoka REIT Corp.       6,899       7,423
  Kureha Corp.     290,112       7,395
  Hosiden Corp.     441,990       7,297
  Totetsu Kogyo Co. Ltd.     209,939       7,244
1 Shochiku Co. Ltd.      96,714       7,238
*,1 LIFENET INSURANCE CO.     563,900       7,235
  San-Ai Obbli Co. Ltd.     468,387       7,217
  San-A Co. Ltd.     372,870       7,212
  Sumitomo Osaka Cement Co. Ltd.     293,762       7,209
1 Kasumigaseki Capital Co. Ltd.     177,800       7,203
* PeptiDream Inc.     935,443       7,191
  Sanyo Denki Co. Ltd.     251,788       7,149
  Fujibo Holdings Inc.     307,644       7,141
  Pola Orbis Holdings Inc.     859,187       7,129
  Monex Group Inc.   1,641,141       7,116
  TS Tech Co. Ltd.     623,390       7,109
  Tokyu Construction Co. Ltd.     789,866       7,108
  Shinmaywa Industries Ltd.     471,011       7,049
*,1 SHIFT Inc.   1,718,690       7,014
1 Musashi Seimitsu Industry Co. Ltd.     401,967       6,978
  Simplex Holdings Inc.   1,356,920       6,976
  Daiichikosho Co. Ltd.     649,586       6,959
  Japan Material Co. Ltd.     653,288       6,799
  JAFCO Group Co. Ltd.     473,213       6,791
  Maruzen Showa Unyu Co. Ltd.     129,446       6,763
  Noritsu Koki Co. Ltd.     517,637       6,722
  Ohsho Food Service Corp.     341,764       6,702
  Global One Real Estate Investment Corp.       8,765       6,653
  Gunze Ltd.     281,712       6,638
  Open Up Group Inc.     582,846       6,629
  Toyobo Co. Ltd.     782,215       6,622
  Nippon Seiki Co. Ltd.     443,150       6,617
  Riken Keiki Co. Ltd.     347,018       6,601
  MOS Food Services Inc.     244,069       6,558
  SMS Co. Ltd.     615,789       6,515
  Hamakyorex Co. Ltd.     574,136       6,464
  Mani Inc.     667,992       6,446
*,3 Hino Motors Ltd.   2,648,007       6,437
  Ai Holdings Corp.     372,382       6,428
  Nomura Co. Ltd.     781,757       6,426
  Nitto Kogyo Corp.     236,501       6,411
  Ryoyo Ryosan Holdings Inc.     332,385       6,406
  FCC Co. Ltd.     306,347       6,397
  Mitsubishi Pencil Co. Ltd.     431,076       6,362
  Menicon Co. Ltd.     579,177       6,318
  Bunka Shutter Co. Ltd.     517,078       6,306
  Takasago International Corp.     820,555       6,280
  FP Corp.     418,038       6,277
  Trusco Nakayama Corp.     428,484       6,223
  JCU Corp.     178,736       6,220
  Sakata INX Corp.     425,848       6,195
  Japan Aviation Electronics Industry Ltd.     425,166       6,189
  Matsui Securities Co. Ltd.   1,024,172       6,137
  Furukawa Co. Ltd.     218,916       6,115
  Jaccs Co. Ltd.     236,623       6,082
  Systena Corp.   2,288,898       6,081
  Joyful Honda Co. Ltd.     453,049       6,077
* Sansan Inc.     813,695       6,056
  Nichicon Corp.     537,115       6,051
1 Hokuetsu Corp.   1,035,854       6,041
  GungHo Online Entertainment Inc.     389,018       6,034
  Ariake Japan Co. Ltd.     169,430       6,011
1 Furuya Metal Co. Ltd.     156,000       5,997
  MEC Co. Ltd.     143,394       5,997
  Daio Paper Corp.     912,327       5,996
  Heiwa Corp.     506,818       5,991
  Itochu Enex Co. Ltd.     470,974       5,971
  Mitsuboshi Belting Ltd.     237,761       5,966
  Wacom Co. Ltd.   1,230,535       5,966
  Towa Pharmaceutical Co. Ltd.     231,862       5,965

    Shares Market
Value
($000)
  Okinawa Financial Group Inc.     175,698       5,955
  Morita Holdings Corp.     345,146       5,954
1 Ise Chemicals Corp.     174,000       5,928
  Autobacs Seven Co. Ltd.     596,863       5,919
  Yellow Hat Ltd.     599,066       5,917
  Hochiki Corp.     443,628       5,910
  Hankyu Hanshin REIT Inc.       6,370       5,880
  Fuji Seal International Inc.     355,230       5,873
  U-Next Holdings Co. Ltd.     559,732       5,869
  Topre Corp.     375,408       5,789
  Life Corp.     358,904       5,784
  Aoyama Trading Co. Ltd.   1,124,916       5,755
  Chiba Kogyo Bank Ltd.     466,400       5,743
  Seikoh Giken Co. Ltd.      41,400       5,738
  Heiwa Real Estate Co. Ltd.     372,210       5,736
  Heiwado Co. Ltd.     305,092       5,717
  Central Glass Co. Ltd.     223,190       5,678
  Tokyo Keiki Inc.     139,895       5,674
  Japan Wool Textile Co. Ltd.     491,127       5,668
  Yurtec Corp.     341,257       5,649
  Infomart Corp.   1,888,612       5,630
  Totech Corp.     237,200       5,599
*,1 Sanken Electric Co. Ltd.     119,938       5,593
  Bank of Iwate Ltd.     541,892       5,575
  Nihon Dengi Co. Ltd.     390,984       5,567
  Yokogawa Bridge Holdings Corp.     294,871       5,566
1 Anycolor Inc.     299,000       5,564
  Matsuda Sangyo Co. Ltd.     139,537       5,563
  Komeri Co. Ltd.     248,803       5,555
1 Sun Corp.     106,200       5,535
  Nohmi Bosai Ltd.     209,381       5,500
  CRE Logistics REIT Inc.       5,459       5,499
  Royal Holdings Co. Ltd.     594,760       5,496
  Financial Partners Group Co. Ltd.     538,308       5,485
  Japan Pulp & Paper Co. Ltd.     825,430       5,476
  Npr Riken Corp.     225,126       5,448
  Optex Group Co. Ltd.     321,487       5,436
  Eiken Chemical Co. Ltd.     275,934       5,413
  Fuji Kyuko Co. Ltd.     348,858       5,397
  Kyokuto Kaihatsu Kogyo Co. Ltd.     293,367       5,386
  Argo Graphics Inc.     583,004       5,366
  Uchida Yoko Co. Ltd.     424,325       5,349
  Tosei Corp.     533,204       5,342
  World Co. Ltd.     569,494       5,338
  Belc Co. Ltd.     111,402       5,326
  Ricoh Leasing Co. Ltd.     144,053       5,317
  Transcosmos Inc.     215,161       5,311
  Nomura Micro Science Co. Ltd.     264,700       5,302
  Konoike Transport Co. Ltd.     279,960       5,214
  ARCLANDS Corp.     460,413       5,211
  Galilei Co. Ltd.     229,186       5,185
  Kurimoto Ltd.     523,520       5,174
  Santec Holdings Corp.      46,693       5,161
  Shibaura Machine Co. Ltd.     209,648       5,139
  Arata Corp.     272,586       5,129
  Yuasa Trading Co. Ltd.     135,011       5,120
  Create SD Holdings Co. Ltd.     245,004       5,113
  Ichigo Inc.   1,712,016       5,098
  METAWATER Co. Ltd.     232,535       5,095
  T Hasegawa Co. Ltd.     281,726       5,094
  Shikoku Bank Ltd.     348,842       5,085
  Mochida Pharmaceutical Co. Ltd.     228,562       5,073
  Nippon Signal Co. Ltd.     492,941       5,061
  KH Neochem Co. Ltd.     289,145       5,037
  Funai Soken Holdings Inc.     692,164       5,018
  Onward Holdings Co. Ltd.   1,107,470       5,018
  Ichigo Office REIT Investment Corp.       8,593       5,008
  Toenec Corp.     385,915       4,980
  UT Group Co. Ltd.   3,977,490       4,966
  Fujita Kanko Inc.     379,735       4,965

    Shares Market
Value
($000)
  Maeda Kosen Co. Ltd.     401,954       4,964
  Mixi Inc.     307,683       4,952
  Akita Bank Ltd.     155,925       4,933
  Mirai Corp.      16,333       4,928
  Idec Corp.     257,771       4,925
  Bank of the Ryukyus Ltd.     342,005       4,920
  Ishihara Sangyo Kaisha Ltd.     272,997       4,917
  Axial Retailing Inc.     623,176       4,914
  Tokyotokeiba Co. Ltd.     135,582       4,913
1 Imperial Hotel Ltd.     495,400       4,903
  Enplas Corp.      63,090       4,898
  Procrea Holdings Inc.     243,936       4,885
  BML Inc.     187,830       4,868
  Doutor Nichires Holdings Co. Ltd.     261,876       4,864
  Techno Ryowa Ltd.     127,902       4,859
  Optorun Co. Ltd.     287,505       4,858
  Mitsuuroko Group Holdings Co. Ltd.     316,014       4,855
  Central Automotive Products Ltd.     400,941       4,847
  Nishikawa Rubber Co. Ltd.     211,367       4,832
  Tochigi Bank Ltd.     851,233       4,799
  Shibuya Corp.     221,621       4,789
  Tokyo Steel Manufacturing Co. Ltd.     463,715       4,788
  Wakita & Co. Ltd.     397,468       4,771
* JMDC Inc.     227,300       4,760
  Alconix Corp.     281,429       4,757
  Nichiha Corp.     230,143       4,755
  Aichi Steel Corp.     259,340       4,737
  Hosokawa Micron Corp.     127,086       4,719
1 Toyo Engineering Corp.     276,000       4,712
  NS United Kaiun Kaisha Ltd.      99,527       4,694
  Toho Titanium Co. Ltd.     303,344       4,673
  Shin Nippon Air Technologies Co. Ltd.     219,006       4,672
  Happinet Corp.     269,840       4,669
1 S&B Foods Inc.     154,900       4,624
  Justsystems Corp.     207,460       4,620
1 OSAKA Titanium Technologies Co. Ltd.     284,080       4,617
  Anicom Holdings Inc.     523,380       4,599
  SOSiLA Logistics REIT Inc.       6,017       4,597
  Megachips Corp.      93,122       4,595
  IDOM Inc.     572,195       4,591
  ASAHI YUKIZAI Corp.     127,687       4,584
  Zacros Corp.     553,680       4,581
  Nishio Holdings Co. Ltd.     164,785       4,568
  Toyo Tanso Co. Ltd.     137,878       4,562
  Shoei Co. Ltd.     432,272       4,544
  Noevir Holdings Co. Ltd.     158,384       4,540
  Tsurumi Manufacturing Co. Ltd.     340,494       4,519
  Nitta Corp.     159,700       4,518
  Fukui Bank Ltd.     216,395       4,483
  Hioki EE Corp.      99,212       4,475
  Okamoto Industries Inc.     117,578       4,455
  Tri Chemical Laboratories Inc.     255,459       4,453
1 Kura Sushi Inc.     193,030       4,435
  Nishimatsuya Chain Co. Ltd.     333,375       4,432
  Milbon Co. Ltd.     259,219       4,428
  Senshu Electric Co. Ltd.     116,418       4,418
  DKS Co. Ltd.      89,742       4,417
  MIRARTH Real Estate Investment Corp.       8,054       4,415
  Hiday Hidaka Corp.     235,585       4,411
  Toshiba TEC Corp.     255,288       4,409
  Asahi Kogyosha Co. Ltd.     198,200       4,408
  Valqua Ltd.     150,373       4,404
  Saibu Gas Holdings Co. Ltd.     270,637       4,394
  Maxell Ltd.     330,791       4,393
  TOA ROAD Corp.     400,760       4,357
  Hibiya Engineering Ltd.     251,704       4,349
  & ST HD Co. Ltd.     230,397       4,326
  Noritz Corp.     292,790       4,307
  Bank of Saga Ltd.     142,457       4,289
  Elecom Co. Ltd.     418,548       4,287

    Shares Market
Value
($000)
  Japan Lifeline Co. Ltd.     490,019       4,285
1 Eagle Industry Co. Ltd.     231,349       4,266
  United Super Markets Holdings Inc.     752,548       4,264
  K&O Energy Group Inc.     120,752       4,254
  Nachi-Fujikoshi Corp.     147,126       4,246
  Showa Sangyo Co. Ltd.     205,757       4,245
  Shin-Etsu Polymer Co. Ltd.     338,925       4,216
  Orient Corp.     682,369       4,188
  TV Asahi Holdings Corp.     189,503       4,186
  Earth Corp.     139,035       4,177
*,1 Atom Corp.   1,083,340       4,167
  Sun Frontier Fudousan Co. Ltd.     247,457       4,159
  Asanuma Corp.     655,300       4,131
  Kanto Denka Kogyo Co. Ltd.     467,272       4,126
  A&D HOLON Holdings Co. Ltd.     251,000       4,119
  Arisawa Manufacturing Co. Ltd.     280,400       4,113
  Kohnan Shoji Co. Ltd.     158,347       4,108
1 Matsuya Co. Ltd.     350,647       4,097
  Doshisha Co. Ltd.     193,036       4,096
  TechMatrix Corp.     357,758       4,095
  Daiichi Jitsugyo Co. Ltd.     195,969       4,074
  TPR Co. Ltd.     511,650       4,064
1 Dip Corp.     306,889       4,056
  Yamazen Corp.     440,744       4,030
  Kyorin Pharmaceutical Co. Ltd.     383,606       4,024
  Riken Technos Corp.     373,919       4,015
  Seika Corp.     241,392       3,999
  Komori Corp.     403,950       3,985
  Tsukishima Holdings Co. Ltd.     226,706       3,924
  Yamagata Bank Ltd.     256,106       3,924
  Konishi Co. Ltd.     447,388       3,921
  Token Corp.      46,156       3,918
  Genky DrugStores Co. Ltd.     155,320       3,915
  SBS Holdings Inc.     145,393       3,914
* Nxera Pharma Co. Ltd.     693,000       3,898
  Canon Electronics Inc.     168,303       3,890
  ZERIA Pharmaceutical Co. Ltd.     278,718       3,885
1 Kisoji Co. Ltd.     243,219       3,881
  Tachi-S Co. Ltd.     295,432       3,859
  Zuken Inc.     138,566       3,844
  Keihanshin Building Co. Ltd.     309,112       3,839
  Sanyo Chemical Industries Ltd.     119,520       3,830
  Yokowo Co. Ltd.     199,724       3,822
  Kameda Seika Co. Ltd.     418,590       3,817
  Takamatsu Construction Group Co. Ltd.     165,482       3,805
  Itochu-Shokuhin Co. Ltd.      46,213       3,793
  JBCC Holdings Inc.     493,200       3,781
  Tanseisha Co. Ltd.     400,379       3,777
  Eizo Corp.     288,154       3,776
  Riken Vitamin Co. Ltd.     206,218       3,769
  Kawada Technologies Inc.     385,503       3,766
  JAC Recruitment Co. Ltd.     695,756       3,764
  Shizuoka Gas Co. Ltd.     392,172       3,761
  Meisei Industrial Co. Ltd.     340,823       3,759
  Premium Group Co. Ltd.     349,300       3,745
  JINS Holdings Inc.     114,834       3,744
  Kumiai Chemical Industry Co. Ltd.     754,316       3,738
  Fuji Co. Ltd.     283,518       3,732
  Hirata Corp.     239,022       3,721
  Hokkaido Gas Co. Ltd.     664,730       3,715
  TRE Holdings Corp.     367,781       3,698
  Prima Meat Packers Ltd.     212,779       3,696
  Yahagi Construction Co. Ltd.     275,829       3,682
  Yokorei Co. Ltd.     374,868       3,679
  Kamei Corp.     173,792       3,671
  Prestige International Inc.     852,211       3,657
1 Ichibanya Co. Ltd.     624,530       3,629
  Yondenko Corp.     303,600       3,618
  Bando Chemical Industries Ltd.     278,785       3,613
  Future Corp.     354,776       3,590

    Shares Market
Value
($000)
  ESPEC Corp.     185,472       3,589
1 Japan Engine Corp.      44,300       3,585
  HI-LEX Corp.     197,691       3,577
  CTI Engineering Co. Ltd.     185,100       3,577
  Nissei ASB Machine Co. Ltd.      74,620       3,571
  Sinko Industries Ltd.     461,814       3,563
1 Marusan Securities Co. Ltd.     557,919       3,559
  Aida Engineering Ltd.     515,540       3,555
  Yamae Group Holdings Co. Ltd.     193,300       3,549
*,1 Japan Display Inc.   7,760,172       3,545
  Nissan Shatai Co. Ltd.     580,141       3,543
  Torishima Pump Manufacturing Co. Ltd.     182,594       3,538
  Aisan Industry Co. Ltd.     297,083       3,536
  Dainichiseika Color & Chemicals Manufacturing Co. Ltd.     507,360       3,507
1 Nippon Yakin Kogyo Co. Ltd.     116,437       3,487
  Solasto Corp.     487,242       3,487
  Press Kogyo Co. Ltd.     665,339       3,485
  Mitsui High-Tec Inc.     899,975       3,464
  Sakai Chemical Industry Co. Ltd.     154,492       3,443
  Nippon Ceramic Co. Ltd.     158,315       3,438
  Katakura Industries Co. Ltd.     193,510       3,423
  Mitani Sekisan Co. Ltd.     306,548       3,418
1 Toyo Gosei Co. Ltd.      52,394       3,415
  Tokai Corp.     215,968       3,398
  Japan Transcity Corp.     427,688       3,385
  Denyo Co. Ltd.     153,617       3,368
  Takara Bio Inc.     460,123       3,361
  Sato Corp.     234,458       3,351
  Vital KSK Holdings Inc.     358,615       3,340
  Ki-Star Real Estate Co. Ltd.     158,942       3,337
1 Tama Home Co. Ltd.     131,833       3,333
  Sodick Co. Ltd.     422,087       3,331
  Ryobi Ltd.     213,111       3,330
  Restar Corp.     195,527       3,326
  Nippon Kanzai Holdings Co. Ltd.     182,541       3,324
1 Ringer Hut Co. Ltd.     230,141       3,316
  Iriso Electronics Co. Ltd.     160,033       3,297
1 Sakura Internet Inc.     208,200       3,288
  Teikoku Sen-I Co. Ltd.     178,531       3,287
  Shinagawa Refra Co. Ltd.     250,544       3,281
  Sakai Moving Service Co. Ltd.     189,312       3,277
  AOKI Holdings Inc.     319,725       3,273
  WingArc1st Inc.     197,348       3,264
  Anest Iwata Corp.     319,065       3,258
  Starzen Co. Ltd.     403,080       3,246
  Sala Corp.     494,092       3,243
  Digital Arts Inc.      97,485       3,240
  Shinnihon Corp.     259,848       3,231
  Joshin Denki Co. Ltd.     180,308       3,223
  Osaki Electric Co. Ltd.     292,530       3,215
1 Appier Group Inc.     634,100       3,215
  Broadleaf Co. Ltd.     552,028       3,213
  Futaba Industrial Co. Ltd.     517,028       3,211
  HIS Co. Ltd.     480,044       3,190
  One REIT Inc.       6,381       3,186
  Roland Corp.     129,718       3,185
  Zojirushi Corp.     300,353       3,181
  Vision Inc.     439,407       3,177
  eGuarantee Inc.     308,375       3,174
  Sumitomo Seika Chemicals Co. Ltd.     419,390       3,173
  Starts Proceed Investment Corp.       2,545       3,165
  Pack Corp.     376,101       3,161
1 Asahi Diamond Industrial Co. Ltd.     410,774       3,148
  United Arrows Ltd.     204,136       3,146
1 Koshidaka Holdings Co. Ltd.     459,116       3,142
  Tokyo Electron Device Ltd.     160,667       3,121
  Mitsui DM Sugar Co. Ltd.     144,784       3,120
1 Nagawa Co. Ltd.      88,053       3,116
1 Sagami Holdings Corp.     267,267       3,108
  Kyokuyo Co. Ltd.      98,016       3,092

    Shares Market
Value
($000)
  S Foods Inc.     162,788       3,086
  Nippon Carbon Co. Ltd.     107,888       3,083
  Osaka Organic Chemical Industry Ltd.     136,062       3,077
  TSI Holdings Co. Ltd.     444,749       3,052
  Nippon Parking Development Co. Ltd.   1,793,331       3,041
  Lifedrink Co. Inc.     401,096       3,040
  G-Tekt Corp.     260,701       3,034
1 Shoei Foods Corp.     112,264       3,029
  Takaoka Toko Co. Ltd.      97,840       3,024
  RS Technologies Co. Ltd.     129,130       3,017
  Weathernews Inc.     253,136       3,010
  Plus Alpha Consulting Co. Ltd.     233,053       3,008
  Aucnet Inc.     389,200       2,985
  Koa Corp.     316,107       2,984
  Hakuto Co. Ltd.     110,857       2,978
  Okinawa Electric Power Co. Inc.     440,963       2,971
  Nippon Thompson Co. Ltd.     533,692       2,964
* Nippon Sheet Glass Co. Ltd.     946,543       2,950
  Nichireki Group Co. Ltd.     219,102       2,950
  Mitsubishi Logisnext Co. Ltd.     303,813       2,949
  Oiles Corp.     189,266       2,899
  Ehime Bank Ltd.     290,470       2,898
  Sankei Real Estate Inc.       3,656       2,889
  Mitsuba Corp.     369,525       2,863
  Bell System24 Holdings Inc.     310,803       2,862
1 Obara Group Inc.      85,992       2,857
  Sekisui Jushi Corp.     210,323       2,845
1 Japan Investment Adviser Co. Ltd.     233,700       2,825
  Fukuda Corp.      53,135       2,819
  RYODEN Corp.     133,876       2,819
1 Miyaji Engineering Group Inc.     254,480       2,814
  Goldcrest Co. Ltd.     131,653       2,799
  Stella Chemifa Corp.      89,495       2,786
  Nissha Co. Ltd.     356,932       2,781
  Tsuburaya Fields Holdings Inc.     306,258       2,780
  Teikoku Electric Manufacturing Co. Ltd.     154,868       2,775
  Mars Group Holdings Corp.     145,196       2,775
  Raiznext Corp.     191,100       2,761
  Tekken Corp.      93,688       2,751
1 Matsuyafoods Holdings Co. Ltd.      76,183       2,746
  Computer Engineering & Consulting Ltd.     221,104       2,734
  Marudai Food Co. Ltd.     188,743       2,729
  AZ-COM MARUWA Holdings Inc.     483,382       2,726
  Daiwa Industries Ltd.     219,718       2,716
  Pacific Metals Co. Ltd.     158,458       2,715
  Toa Corp. (XTKS)     238,491       2,712
  Unipres Corp.     321,605       2,709
  Tokushu Tokai Paper Co. Ltd.     264,618       2,703
  Topy Industries Ltd.     143,751       2,702
1 Kosaido Holdings Co. Ltd.     866,400       2,702
*,1 PKSHA Technology Inc.     156,366       2,699
  VT Holdings Co. Ltd.     867,477       2,688
  Oyo Corp.     146,903       2,687
1 Cybozu Inc.     203,432       2,684
  ASKA Pharmaceutical Holdings Co. Ltd.     177,205       2,682
  Altech Corp.     163,200       2,679
  Mitsubishi Research Institute Inc.      89,479       2,661
  Murakami Corp.      63,114       2,661
  Oriental Shiraishi Corp.   1,114,276       2,658
  Tachibana Eletech Co. Ltd.     144,106       2,657
  Gift Holdings Inc.      92,100       2,644
  JCR Pharmaceuticals Co. Ltd.     715,249       2,624
  Chori Co. Ltd.      96,572       2,600
  Transaction Co. Ltd.     357,400       2,596
  SRA Holdings      88,123       2,591
  M&A Capital Partners Co. Ltd.     138,570       2,591
  DyDo Group Holdings Inc.     156,298       2,585
  PS Construction Co. Ltd.     148,923       2,585
  Strike Co. Ltd.     297,618       2,572
  Kyoei Steel Ltd.     171,832       2,554

    Shares Market
Value
($000)
*,1 Medley Inc.     210,200       2,546
  Eslead Corp.      64,900       2,545
  Mirarth Holdings Inc.     995,845       2,529
  Halows Co. Ltd.      93,394       2,529
  Tamura Corp.     647,961       2,528
  Chofu Seisakusho Co. Ltd.     198,962       2,518
1 euglena Co. Ltd.     986,125       2,516
  St. Marc Holdings Co. Ltd.     133,069       2,501
  JSB Co. Ltd.      78,400       2,491
*,1 Kappa Create Co. Ltd.     250,039       2,490
  Ichiyoshi Securities Co. Ltd.     265,546       2,486
  Belluna Co. Ltd.     445,388       2,481
  Shofu Inc.     229,064       2,458
  Okabe Co. Ltd.     406,187       2,434
  Shibusawa Logistics Corp.     288,920       2,434
  Cresco Ltd.     266,837       2,421
  Tosei REIT Investment Corp.       2,757       2,417
  GLOBERIDE Inc.     179,031       2,407
  Sintokogio Ltd.     408,446       2,404
  Daikyonishikawa Corp.     452,288       2,398
  Aeon Hokkaido Corp.     426,122       2,395
  Hokuto Corp.     198,512       2,389
  Kyokuto Securities Co. Ltd.     224,759       2,385
  Nippon Rietec Co. Ltd.     145,397       2,380
  ES-Con Japan Ltd.     343,651       2,364
  J-Oil Mills Inc.     184,419       2,357
  Chubu Shiryo Co. Ltd.     210,410       2,356
  Chubu Steel Plate Co. Ltd.     151,600       2,356
  Fudo Tetra Corp.     123,907       2,346
  KPP Group Holdings Co. Ltd.     413,800       2,331
1 BRONCO BILLY Co. Ltd.      83,362       2,328
  Seikitokyu Kogyo Co. Ltd.     243,900       2,327
  Nippon Denko Co. Ltd.     873,427       2,322
  Airman Corp.     188,600       2,312
1 Cawachi Ltd.     121,031       2,297
  Tomoku Co. Ltd.     106,505       2,297
  JDC Corp.     623,419       2,296
  Daiki Aluminium Industry Co. Ltd.     253,180       2,293
  JM Holdings Co. Ltd.     232,738       2,290
  m-up Holdings Inc.     557,600       2,278
  Geo Holdings Corp.     211,448       2,277
  Toyo Corp.     213,349       2,271
  Rheon Automatic Machinery Co. Ltd.     242,642       2,256
  Siix Corp.     297,474       2,247
  Kojima Co. Ltd.     272,655       2,247
  Qol Holdings Co. Ltd.     190,071       2,247
  Toyo Kanetsu KK     126,942       2,238
  Sinanen Holdings Co. Ltd.      45,126       2,235
  UNISOL Holdings Corp.     160,479       2,229
  Okura Industrial Co. Ltd.      74,297       2,228
1 Godo Steel Ltd.      95,151       2,217
1 Alpen Co. Ltd.     169,591       2,213
  Daido Metal Co. Ltd.     393,356       2,205
1 West Holdings Corp.     195,800       2,201
  NEC Capital Solutions Ltd.      84,430       2,188
  Riso Kagaku Corp.     301,756       2,184
  ESCON Japan REIT Investment Corp.       2,886       2,181
1 Fujio Food Group Inc.     318,905       2,178
  Health Care & Medical Investment Corp.       2,949       2,170
  Aichi Corp.     260,284       2,164
  Nippon Beet Sugar Manufacturing Co. Ltd.      82,970       2,163
* RENOVA Inc.     400,079       2,161
  Hoosiers Holdings Co. Ltd.     281,837       2,125
  Nihon Nohyaku Co. Ltd.     331,563       2,123
1 KeePer Technical Laboratory Co. Ltd.     110,733       2,120
  J Trust Co. Ltd.     619,685       2,119
  SIGMAXYZ Holdings Inc.     523,884       2,119
  Aiphone Co. Ltd.     122,745       2,112
  ASKUL Corp.     297,202       2,107
  Nichiden Corp.     137,383       2,099

    Shares Market
Value
($000)
  Insource Co. Ltd.     468,080       2,095
  Digital Garage Inc.     166,752       2,079
  CMK Corp.     583,939       2,072
1 Oisix ra daichi Inc.     227,159       2,067
  Pasona Group Inc.     174,892       2,061
  V Technology Co. Ltd.      75,853       2,060
1 Key Coffee Inc.     164,519       2,053
  Maxvalu Tokai Co. Ltd.      88,965       2,038
  Giken Ltd.     163,289       2,033
  JSP Corp.     138,424       2,027
1 Remixpoint Inc.   1,403,438       2,026
  SRE Holdings Corp.     109,464       2,025
  Nagaileben Co. Ltd.     189,781       2,024
  Retail Partners Co. Ltd.     251,535       2,018
  GMO Financial Holdings Inc.     353,600       2,018
  Warabeya Nichiyo Holdings Co. Ltd.     105,896       2,017
  Towa Bank Ltd.     311,777       2,010
  Samty Residential Investment Corp.       3,020       2,010
  Vector Inc.     252,990       1,997
  Nippon Chemi-Con Corp.     215,272       1,994
  Daito Pharmaceutical Co. Ltd.     217,800       1,994
  JP-Holdings Inc.     461,903       1,993
  Kyodo Printing Co. Ltd.     194,884       1,984
  Koatsu Gas Kogyo Co. Ltd.     282,589       1,982
  Zenrin Co. Ltd.     313,363       1,981
  Wellneo Sugar Co. Ltd.     108,947       1,974
  Fuji Pharma Co. Ltd.     129,413       1,967
  Avex Inc.     257,891       1,963
1 Chuo Spring Co. Ltd.      84,780       1,963
  Neturen Co. Ltd.     243,419       1,963
*,1 Osaka Steel Co. Ltd.     112,826       1,962
  Hodogaya Chemical Co. Ltd.     121,836       1,947
  Mie Kotsu Group Holdings Inc.     558,537       1,941
1 Sanyo Electric Railway Co. Ltd.     149,720       1,919
  Business Engineering Corp.     254,300       1,919
  Kyosan Electric Manufacturing Co. Ltd.     487,304       1,913
1 France Bed Holdings Co. Ltd.     232,675       1,902
  Taki Chemical Co. Ltd.      70,367       1,895
  Feed One Co. Ltd.     249,635       1,889
  Shinwa Co. Ltd.      95,812       1,882
  TOC Co. Ltd.     358,512       1,868
  Iseki & Co. Ltd.     186,729       1,864
1 Yondoshi Holdings Inc.     163,459       1,863
  Sumida Corp.     266,273       1,862
  Sparx Group Co. Ltd.     154,587       1,858
1 Rock Field Co. Ltd.     208,405       1,852
  Hisaka Works Ltd.     188,959       1,851
1 Fixstars Corp.     239,250       1,847
  Curves Holdings Co. Ltd.     386,245       1,830
1 Change Holdings Inc.     305,289       1,826
  PHC Holdings Corp.     260,198       1,822
  FIDEA Holdings Co. Ltd.     151,155       1,810
  Komehyo Holdings Co. Ltd.      65,700       1,805
1 Septeni Holdings Co. Ltd.     674,700       1,793
  Ines Corp.     144,950       1,790
  Shinsho Corp.     121,416       1,787
  Sanshin Electronics Co. Ltd.     102,311       1,779
1 Tohokushinsha Film Corp.     454,000       1,777
  Fukui Computer Holdings Inc.      88,944       1,766
1 Genki Global Dining Concepts Corp.      95,640       1,763
  en Japan Inc.     242,404       1,748
  Link & Motivation Inc.     493,659       1,746
  Miroku Jyoho Service Co. Ltd.     157,748       1,744
  Fujicco Co. Ltd.     174,244       1,741
  Comture Corp.     187,449       1,733
  Nihon Tokushu Toryo Co. Ltd.     123,720       1,722
1 Shin Nippon Biomedical Laboratories Ltd.     187,921       1,715
1 eRex Co. Ltd.     279,321       1,713
1 Inui Global Logistics Co. Ltd.     179,353       1,680
  grems Inc.      95,155       1,670

    Shares Market
Value
($000)
  Gecoss Corp.     147,935       1,656
  Seikagaku Corp.     350,434       1,634
  Buffalo Inc.     106,580       1,624
  Gakken Holdings Co. Ltd.     256,474       1,615
1 Kanro Inc.     213,800       1,615
  Software Service Inc.      22,100       1,612
1 Istyle Inc.     595,467       1,608
1 Aizawa Securities Group Co. Ltd.     170,907       1,599
  Onoken Co. Ltd.     180,559       1,594
  Dai Nippon Toryo Co. Ltd.     203,805       1,593
  Base Co. Ltd.      78,806       1,591
  Iwaki Co. Ltd.      99,200       1,589
  Tokyo Energy & Systems Inc.     141,080       1,586
  Avant Group Corp.     193,700       1,585
1 Ministop Co. Ltd.     136,483       1,583
  Hokkan Holdings Ltd.     112,129       1,579
  Nittoku Co. Ltd.     111,500       1,551
  COLOPL Inc.     577,226       1,545
  TDC Soft Inc.     260,025       1,525
  Shinko Shoji Co. Ltd.     190,946       1,522
  CAC Holdings Corp.     131,160       1,510
  Mirai Industry Co. Ltd.      74,400       1,504
  Kanaden Corp.     113,906       1,503
  Chiyoda Co. Ltd.     229,835       1,494
  Kenko Mayonnaise Co. Ltd.     105,801       1,492
  Daikokutenbussan Co. Ltd.      48,068       1,486
  Cosel Co. Ltd.     203,965       1,476
  Moriroku Co. Ltd.      96,003       1,462
1 Sumiseki Holdings Inc.     232,500       1,461
  Piolax Inc.     143,081       1,449
  I'll Inc.      94,985       1,443
  Icom Inc.      75,868       1,421
  Nichiban Co. Ltd.     119,109       1,417
  GREE Holdings Inc.     599,294       1,412
  YAKUODO Holdings Co. Ltd.     118,772       1,406
  Futaba Corp.     345,911       1,404
  LITALICO Inc.     193,852       1,402
  Central Security Patrols Co. Ltd.      73,215       1,400
  baudroie Inc.     118,198       1,390
  Asahi Co. Ltd.     164,110       1,383
  Tayca Corp.     126,154       1,379
1 Shima Seiki Manufacturing Ltd.     239,707       1,375
  G-7 Holdings Inc.     160,859       1,373
  Komatsu Matere Co. Ltd.     275,864       1,363
  Intage Holdings Inc.     127,476       1,360
1 Midac Holdings Co. Ltd.     109,956       1,347
  Softcreate Holdings Corp.     111,366       1,346
  Tv Tokyo Holdings Corp.      50,883       1,341
  Cleanup Corp.     228,488       1,338
  Shindengen Electric Manufacturing Co. Ltd.      68,058       1,331
  EM Systems Co. Ltd.     317,049       1,325
1 Fujiya Co. Ltd.      84,299       1,316
  Sankyo Seiko Co. Ltd.     236,436       1,315
  Tess Holdings Co. Ltd.     355,461       1,309
  Maezawa Kyuso Industries Co. Ltd.     130,354       1,293
  FULLCAST Holdings Co. Ltd.     121,218       1,277
  Alpha Systems Inc.      59,538       1,275
  Xebio Holdings Co. Ltd.     200,633       1,270
  Nafco Co. Ltd.      93,800       1,262
* Net Protections Holdings Inc.     537,300       1,258
  Nippon Sharyo Ltd.      56,431       1,247
  Nippon Fine Chemical Co. Ltd.      79,301       1,241
  LEC Inc.     173,590       1,240
  Nakayama Steel Works Ltd.     313,163       1,229
  World Holdings Co. Ltd.      75,835       1,222
  CTS Co. Ltd.     210,028       1,213
  Honeys Holdings Co. Ltd.     131,390       1,212
  Akatsuki Inc.      69,702       1,208
1 Kanagawa Chuo Kotsu Co. Ltd.      54,471       1,206
  Airport Facilities Co. Ltd.     195,162       1,199

    Shares Market
Value
($000)
1 PIA Corp.      57,053       1,199
1 Daikoku Denki Co. Ltd.      76,800       1,198
  Corona Corp.     198,886       1,194
1 giftee Inc.     170,030       1,192
  Yukiguni Factory Co. Ltd.     172,369       1,172
* KNT-CT Holdings Co. Ltd.     107,969       1,160
  ST Corp.     123,118       1,147
* Nippon Coke & Engineering Co. Ltd.   1,547,050       1,139
1 YA-MAN Ltd.     251,148       1,121
1 FP Partner Inc.      75,023       1,121
1 Okuwa Co. Ltd.     212,044       1,106
  WATAMI Co. Ltd.     179,058       1,102
1 ZIGExN Co. Ltd.     417,130       1,094
1 Kintetsu Department Store Co. Ltd.      96,918       1,093
1 Aeon Fantasy Co. Ltd.      73,773       1,092
  Studio Alice Co. Ltd.      87,834       1,092
  Daiho Corp.     222,025       1,091
1 Sanoh Industrial Co. Ltd.     247,865       1,083
  Advan Group Co. Ltd.     173,732       1,016
  Arakawa Chemical Industries Ltd.     123,249       1,002
  Ichikoh Industries Ltd.     316,094         997
  Nihon Trim Co. Ltd.      36,619         991
  Rokko Butter Co. Ltd.     134,986         987
1 Inaba Seisakusho Co. Ltd.      90,413         982
1 Amvis Holdings Inc.     366,715         976
  Amuse Inc.      75,394         975
  Chiyoda Integre Co. Ltd.      45,647         967
1 Gamecard Holdings Inc      56,000         948
  Pronexus Inc.     131,344         945
1 Yamashin-Filter Corp.     300,744         918
1 Central Sports Co. Ltd.      59,529         894
1 Quants Research Institute Holdings Inc.     237,513         892
  Nitto Kohki Co. Ltd.      85,400         883
  Oro Co. Ltd.      73,922         882
  Artnature Inc.     169,782         881
1 Yorozu Corp.     148,414         861
1 Shimojima Co. Ltd.      94,172         843
1 Riso Kyoiku Group Corp.     644,822         789
* Universal Entertainment Corp.     185,226         787
  Management Solutions Co. Ltd.      96,365         784
  Marvelous Inc.     268,795         778
  Elan Corp.     164,386         755
1 WDB Holdings Co. Ltd.      74,162         722
  LIFULL Co. Ltd.     590,403         722
1 SBI ARUHI Corp.     126,295         668
  Kanamic Network Co. Ltd.     199,106         651
  Tosho Co. Ltd.     121,563         647
  Yushin Co.     152,300         643
  FAN Communications Inc.     229,644         643
1 Nisso Holdings Co. Ltd.     157,507         613
  Shimadaya Corp.      53,290         609
  GMO GlobalSign Holdings KK      49,241         600
1 TerraSky Co. Ltd.      60,246         582
  Media Do Co. Ltd.      54,088         539
1 Daisyo Corp.      76,091         516
  Tsutsumi Jewelry Co. Ltd.      26,470         495
*,1 Optim Corp.     175,693         468
  CHIMNEY Co. Ltd.      39,004         296
  MTI Ltd.       7,275          29
               58,359,087
Netherlands (3.6%)
  ASML Holding NV   3,754,033   4,991,948
  ING Groep NV  28,183,460     731,549
  Prosus NV  11,730,949     543,091
  Koninklijke Ahold Delhaize NV   8,675,901     404,999
  ASM International NV     449,821     340,943
*,2 Adyen NV     256,947     257,165
  ArcelorMittal SA   4,091,910     212,213
  Heineken NV   2,679,753     206,122

    Shares Market
Value
($000)
  Koninklijke Philips NV   7,423,721     203,055
  Koninklijke KPN NV  35,930,395     200,263
  NN Group NV   2,551,725     199,279
  Universal Music Group NV   9,108,554     176,804
  Wolters Kluwer NV   2,179,968     162,818
  ABN AMRO Bank NV   4,940,222     156,609
  BE Semiconductor Industries NV     684,453     146,606
  DSM-Firmenich AG   1,761,748     126,007
  ASR Nederland NV   1,513,307     104,186
  Akzo Nobel NV   1,630,465      93,728
  Aegon Ltd.  12,492,797      91,363
  Heineken Holding NV   1,101,660      78,401
* Magnum Ice Cream Co. NV (AQEU)   4,683,102      68,845
  EXOR NV     839,725      64,279
  IMCD NV     564,603      59,083
  SBM Offshore NV   1,267,375      50,540
* InPost SA   2,469,016      43,711
* CSG NV   1,441,727      38,894
  Allfunds Group plc   3,479,349      34,728
  Aalberts NV     945,209      32,918
  HAL Trust     143,727      29,023
  Koninklijke Vopak NV     524,741      28,402
  Randstad NV   1,049,886      27,402
2 CVC Capital Partners plc   2,060,116      26,895
  Koninklijke BAM Groep NV   2,551,389      25,839
2 Signify NV   1,118,305      23,819
  Arcadis NV     666,012      21,307
2 CTP NV   1,266,120      21,190
  Van Lanschot Kempen NV     316,433      21,015
  Koninklijke Heijmans NV     232,162      20,810
*,2 Basic-Fit NV     505,746      17,383
  APERAM SA     420,475      16,794
*,1 Galapagos NV     474,229      14,470
  TKH Group NV     335,267      14,417
  Fugro NV   1,030,984      12,827
  Corbion NV     554,919      12,161
  Eurocommercial Properties NV     400,166      12,119
* Flow Traders Ltd.     317,582      10,097
  Havas NV     544,533       9,537
1 Theon International plc     251,353       9,086
  Wereldhave NV     344,445       8,529
  PostNL NV   3,104,156       3,914
*,1 OCI NV     948,281       3,778
  Sligro Food Group NV     216,293       3,406
  JDE Peet's NV      76,714       2,835
* TomTom NV     531,795       2,686
               10,219,888
New Zealand (0.2%)
  Fisher & Paykel Healthcare Corp. Ltd.   5,582,166     121,041
  Auckland International Airport Ltd.  15,850,203      72,638
  Infratil Ltd.   8,989,906      60,618
  Contact Energy Ltd.   7,978,653      42,426
  Meridian Energy Ltd.  11,996,544      38,402
  Mainfreight Ltd.     782,607      26,078
  EBOS Group Ltd.   1,821,591      23,343
  Mercury NZ Ltd.   6,387,104      22,964
  Spark New Zealand Ltd.  17,070,760      20,346
* Fletcher Building Ltd.  10,109,637      17,240
* Ryman Healthcare Ltd.   8,850,305      10,790
  Freightways Group Ltd.   1,551,978      10,746
  Summerset Group Holdings Ltd.   2,073,087      10,619
3 Goodman Property Trust   9,529,449      10,402
  Precinct Properties Group  16,033,329       9,538
  Genesis Energy Ltd.   6,233,204       7,845
  Kiwi Property Group Ltd.  13,749,529       7,208
  Vector Ltd.   2,240,870       6,108
  Channel Infrastructure NZ Ltd.   3,654,367       6,074
1 Vital Healthcare Property Trust   5,042,699       5,259
  Argosy Property Ltd.   7,932,134       5,173

    Shares Market
Value
($000)
  Heartland Group Holdings Ltd.   7,392,675       5,064
  Scales Corp. Ltd.   1,208,178       4,144
* SKYCITY Entertainment Group Ltd.   9,403,534       3,790
  Air New Zealand Ltd.  13,863,381       3,443
  Stride Property Group   4,318,721       2,688
* Oceania Healthcare Ltd.   6,194,631       2,507
  SKY Network Television Ltd.   1,023,009       1,842
                  558,336
Norway (0.8%)
  Equinor ASA   6,493,697     276,660
  DNB Bank ASA   7,873,586     246,354
  Kongsberg Gruppen ASA   3,976,549     169,716
  Norsk Hydro ASA  12,477,002     132,985
  Aker BP ASA   2,972,267     109,882
  Telenor ASA   6,101,130     107,646
  Mowi ASA   4,270,630      97,130
  Yara International ASA   1,573,289      91,966
  Orkla ASA   6,430,718      80,928
  Storebrand ASA   3,932,597      70,982
  Subsea 7 SA   2,174,866      67,375
  Frontline plc   1,389,929      48,836
  Gjensidige Forsikring ASA   1,789,082      46,800
  Var Energi ASA   8,390,425      43,196
  SpareBank 1 Sor-Norge ASA   1,972,919      43,110
  Vend Marketplaces ASA Class B   1,668,080      41,294
  Salmar ASA     670,379      39,249
  Sparebanken Norge   1,677,014      34,633
  Protector Forsikring ASA     590,455      28,695
  TOMRA Systems ASA   2,272,925      27,403
* Nordic Semiconductor ASA   1,631,970      26,158
  SpareBank 1 SMN   1,190,802      25,457
  TGS ASA   1,860,990      25,203
  Bakkafrost P/F     486,213      22,804
  Aker ASA Class A     198,201      21,928
  Veidekke ASA   1,005,125      19,642
  Hafnia Ltd.   2,417,974      18,690
  DOF Group ASA   1,213,600      17,479
  DNO ASA   7,619,753      17,076
  Borregaard ASA     908,624      16,399
*,2 Scatec ASA   1,183,217      16,005
2 BW LPG Ltd.     844,167      14,845
  Hoegh Autoliners ASA     990,510      14,342
2 Europris ASA   1,513,007      14,299
  Leroy Seafood Group ASA   2,662,879      13,614
  Wallenius Wilhelmsen ASA     977,982      12,446
  BLUENORD ASA     212,404      12,413
  Odfjell Drilling Ltd.   1,137,734      11,918
  Aker Solutions ASA   2,483,636      11,885
  Atea ASA     755,768      11,058
* Cadeler A/S   1,887,096      11,004
*,2 AutoStore Holdings Ltd.  10,241,263      10,135
  Sparebank 1 Oestlandet     435,754       8,948
  Austevoll Seafood ASA     803,318       8,645
  Wilh Wilhelmsen Holding ASA Class A     106,022       7,958
  MPC Container Ships ASA   3,317,399       7,893
2 Elkem ASA   2,579,259       7,548
  Norwegian Air Shuttle ASA   5,001,934       7,393
  Stolt-Nielsen Ltd.     204,289       7,078
2 Entra ASA     409,388       4,430
  Bonheur ASA     175,637       4,380
  BW Offshore Ltd.     720,123       3,874
* BW Energy Ltd.     577,245       3,720
  Wilh Wilhelmsen Holding ASA Class B      48,435       3,216
* Grieg Seafood ASA     388,436       3,060
* NEL ASA   2,211,894         483
                2,248,266
Poland (0.5%)
  ORLEN SA   5,635,533     204,199
  Powszechna Kasa Oszczednosci Bank Polski SA   8,291,101     196,118

    Shares Market
Value
($000)
  Bank Polska Kasa Opieki SA   1,708,394     101,229
* KGHM Polska Miedz SA   1,322,260      96,604
  Powszechny Zaklad Ubezpieczen SA   5,496,706      95,681
  LPP SA      12,368      74,993
  Santander Bank Polska SA     409,250      64,888
*,2 Allegro.eu SA   7,734,703      55,519
  CD Projekt SA     684,242      44,024
*,1,2 Dino Polska SA   4,650,415      42,028
* mBank SA     127,949      37,226
* Tauron Polska Energia SA  10,114,864      28,059
* Bank Millennium SA   5,934,026      26,300
  Alior Bank SA     863,816      25,877
*,1 Benefit Systems SA      27,079      25,669
  Grupa Kety SA      94,764      25,216
*,1 Zabka Group SA   4,102,731      24,554
1 Asseco Poland SA     528,223      24,337
* PGE Polska Grupa Energetyczna SA   8,347,857      23,843
  Orange Polska SA   6,189,921      23,668
  Budimex SA     123,579      22,218
  KRUK SA     169,085      20,601
2 XTB SA     731,523      18,713
  Enea SA   2,449,394      16,379
  Pepco Group NV   1,850,985      13,412
*,1 Modivo SA     500,272      12,772
1 Bank Handlowy w Warszawie SA     303,862       9,047
  Warsaw Stock Exchange     265,275       5,104
*,1 Jastrzebska Spolka Weglowa SA     514,183       4,801
*,1 Cyfrowy Polsat SA   1,472,341       4,658
*,1 Grupa Azoty SA     435,084       2,218
                1,369,955
Portugal (0.2%)
  EDP SA  28,860,195     152,719
  Galp Energia SGPS SA   4,006,533      96,067
  Banco Comercial Portugues SA Class R  86,923,212      84,660
  Jeronimo Martins SGPS SA   2,669,533      63,832
  EDP Renovaveis SA   3,016,458      48,347
  Sonae SGPS SA   7,779,487      17,279
  REN - Redes Energeticas Nacionais SGPS SA   3,351,457      14,524
  NOS SGPS SA   1,739,588      10,999
1 Navigator Co. SA   2,032,309       7,945
  CTT-Correios de Portugal SA     735,645       5,128
1 Mota-Engil SGPS SA     739,143       3,831
1 Altri SGPS SA     612,078       3,486
  Semapa-Sociedade de Investimento e Gestao     129,788       3,347
  Corticeira Amorim SGPS SA     370,569       2,784
                  514,948
Singapore (1.2%)
  DBS Group Holdings Ltd.  19,474,851     866,633
  Oversea-Chinese Banking Corp. Ltd.  31,408,731     537,961
  United Overseas Bank Ltd.  11,802,449     337,854
  Singapore Telecommunications Ltd.  69,246,793     266,629
  Keppel Ltd.  13,618,627     125,458
  Singapore Technologies Engineering Ltd.  14,426,380     122,440
  Singapore Exchange Ltd.   7,845,369     119,682
  CapitaLand Integrated Commercial Trust  57,281,690     102,721
  Singapore Airlines Ltd.  14,817,653      76,410
  CapitaLand Ascendas REIT (XSES)  37,863,455      73,075
  Wilmar International Ltd.  17,027,500      51,157
  CapitaLand Investment Ltd.  22,073,973      46,987
  Sembcorp Industries Ltd.   8,485,713      44,068
  Seatrium Ltd.  20,213,150      37,468
  UOL Group Ltd.   4,398,258      33,396
  Keppel DC REIT  18,684,916      31,806
  Venture Corp. Ltd.   2,550,436      30,709
1 Mapletree Industrial Trust  20,101,649      30,494
  Mapletree Logistics Trust  32,705,502      29,420
1 Genting Singapore Ltd.  55,389,328      29,233
  City Developments Ltd.   3,852,789      24,748
1 Thai Beverage PCL  69,641,600      23,357

    Shares Market
Value
($000)
  ComfortDelGro Corp. Ltd.  20,767,559      23,352
  SATS Ltd.   8,431,703      23,236
  Suntec REIT  20,215,581      23,104
  Keppel REIT  32,882,674      22,853
1 Mapletree Pan Asia Commercial Trust  21,670,182      22,329
  Frasers Centrepoint Trust  12,382,686      21,057
  NetLink NBN Trust  27,684,044      20,827
  Frasers Logistics & Commercial Trust  26,800,834      18,782
  Haw Par Corp. Ltd.   1,380,000      18,252
  CapitaLand Ascott Trust  25,412,886      17,439
  Keppel Infrastructure Trust  40,733,781      16,186
  Jardine Cycle & Carriage Ltd.     551,718      14,908
  Golden Agri-Resources Ltd.  60,570,332      14,441
  Sheng Siong Group Ltd.   6,086,573      13,390
  Parkway Life REIT   4,138,166      12,899
1 iFAST Corp. Ltd.   1,513,869      10,648
  Lendlease Global Commercial REIT  24,549,847      10,260
  Hutchison Port Holdings Trust  47,479,524       9,759
  ESR-REIT   5,367,905       9,429
  First Resources Ltd.   4,016,332       9,076
* AEM Holdings Ltd.   2,463,504       8,126
*,1 Yangzijiang Maritime Development Ltd.  19,447,700       7,924
  UMS Integration Ltd.   6,473,890       7,842
1 CapitaLand India Trust   9,727,494       7,671
  AIMS APAC REIT   6,208,213       6,913
  UOB-Kay Hian Holdings Ltd.   2,501,000       6,665
*,1 NTT DC REIT   7,176,000       6,597
1 Centurion Accommodation REIT   7,235,600       6,224
  OUE REIT  22,680,435       6,187
  Starhill Global REIT  14,262,770       5,955
  Stoneweg Europe Stapled Trust   3,408,626       5,826
  Raffles Medical Group Ltd.   7,126,094       5,607
  SIA Engineering Co. Ltd.   2,210,816       5,586
1 CapitaLand China Trust  10,849,448       5,414
  Olam Group Ltd.   7,376,410       4,998
  CDL Hospitality Trusts   7,408,412       4,778
1 StarHub Ltd.   5,263,374       4,178
1 Singapore Post Ltd.  15,398,968       4,148
  Digital Core REIT Management Pte. Ltd.   8,240,370       4,021
  Far East Hospitality Trust   8,714,459       3,810
1 Bumitama Agri Ltd.   2,504,108       3,598
1 Riverstone Holdings Ltd.   4,845,573       2,591
  First REIT  11,939,316       2,371
  Prime US REIT   9,538,691       1,652
  KORE US REIT   8,001,257       1,431
1 Nanofilm Technologies International Ltd.   2,770,279       1,266
* COSCO Shipping International Singapore Co. Ltd.  12,469,232       1,109
* Manulife US REIT  15,897,419         919
                3,507,340
South Korea (6.4%)
  Samsung Electronics Co. Ltd. (XKRX)  45,465,131   5,317,661
  SK Hynix Inc.   5,235,562   2,970,473
1 Hyundai Motor Co.   1,305,815     402,270
  KB Financial Group Inc.   3,452,350     338,919
* SK Square Co. Ltd.     867,205     285,529
  Hanwha Aerospace Co. Ltd.     328,597     280,197
*,1 Doosan Enerbility Co. Ltd.   4,270,940     268,377
  Shinhan Financial Group Co. Ltd.   4,113,421     245,165
  Kia Corp.   2,286,840     225,782
  NAVER Corp.   1,443,706     196,558
  Hana Financial Group Inc.   2,594,708     189,146
  Celltrion Inc.   1,409,803     188,522
* Samsung SDI Co. Ltd. (XKRX)     587,137     162,687
  POSCO Holdings Inc.     719,439     161,991
  Samsung Electro-Mechanics Co. Ltd.     532,607     152,597
  Hyundai Mobis Co. Ltd.     561,459     144,868
  Woori Financial Group Inc.   6,487,795     142,224
  Samsung C&T Corp.     765,334     134,131
  HD Hyundai Electric Co. Ltd.     212,777     120,578

    Shares Market
Value
($000)
*,2 Samsung Biologics Co. Ltd.     114,710     117,562
  Samsung Life Insurance Co. Ltd.     759,585     109,523
*,1 LG Energy Solution Ltd.     399,722     109,352
  KT&G Corp.     960,098     103,242
* Samsung Heavy Industries Co. Ltd.   6,117,996     102,520
1 Korea Shipbuilding & Offshore Engineering Co. Ltd.     432,901     100,332
*,1 Hanwha Ocean Co. Ltd.   1,212,404      99,801
  Hyundai Heavy Industries Co. Ltd.     301,996      96,735
1 Ecopro Co. Ltd.     967,017      93,360
  Kakao Corp.   2,964,643      91,525
  LG Chem Ltd. (XKRX)     444,481      90,852
1 Samsung Fire & Marine Insurance Co. Ltd.     300,936      90,140
1 Alteogen Inc.     380,535      86,311
1 Hyosung Heavy Industries Corp.      50,436      85,165
1 Mirae Asset Securities Co. Ltd.   1,941,671      82,289
  Hyundai Rotem Co. Ltd.     700,074      80,618
1 Sam Chun Dang Pharm Co. Ltd.     139,814      79,817
1 Korea Aerospace Industries Ltd.     681,821      77,077
1 LG Electronics Inc. (XKRX)   1,019,545      73,917
1 LS Electric Co. Ltd.     146,851      73,401
  SK Inc.     349,273      71,808
  Korea Electric Power Corp.   2,486,870      70,703
1 Hanmi Semiconductor Co. Ltd.     405,447      70,052
1 Hyundai Engineering & Construction Co. Ltd.     701,858      68,522
  HD Hyundai Co. Ltd.     399,970      67,079
1 Ecopro BM Co. Ltd.     468,203      61,340
1 Hanwha Systems Co. Ltd.     702,745      55,025
  Korea Investment Holdings Co. Ltd.     393,721      54,929
1 APR Corp.     237,852      54,271
  LIG Nex1 Co. Ltd.     129,414      53,403
*,1 Meritz Financial Group Inc.     681,144      51,651
1 Hyundai Glovis Co. Ltd.     360,568      51,212
1 SK Innovation Co. Ltd.     676,297      49,631
1 Doosan Co. Ltd.      65,220      47,364
  DB Insurance Co. Ltd.     422,097      47,344
1 LG Corp.     829,225      46,887
1 Krafton Inc.     263,420      45,033
*,1 ABLBio Inc.     391,440      44,259
1 HYBE Co. Ltd.     217,960      44,187
1 POSCO Future M Co. Ltd.     319,022      44,070
*,1 Peptron Inc.     206,134      41,553
1 KIWOOM Securities Co. Ltd.     146,245      41,372
1 Korea Zinc Co. Ltd.      40,353      39,370
*,1 HLB Inc.   1,163,324      38,896
1 Samsung SDS Co. Ltd.     380,582      38,560
1 Samsung Securities Co. Ltd.     601,887      38,046
  Samsung E&A Co. Ltd.   1,509,488      37,078
1 IsuPetasys Co. Ltd.     524,661      36,357
1 Industrial Bank of Korea   2,420,807      34,968
1 HMM Co. Ltd.   2,590,134      33,937
1 Yuhan Corp.     529,683      33,861
*,1 LigaChem Biosciences Inc.     246,143      32,210
1 Samyang Foods Co. Ltd.      39,399      31,940
1 LEENO Industrial Inc.     478,610      31,189
  JB Financial Group Co. Ltd.   1,517,954      31,148
1 KakaoBank Corp.   1,816,005      29,590
1 LS Corp.     161,639      28,889
1 Korean Air Lines Co. Ltd.   1,784,380      28,784
1 BNK Financial Group Inc.   2,360,369      28,626
*,1 Rainbow Robotics      77,849      27,971
* S-Oil Corp.     399,307      27,381
1 LG Innotek Co. Ltd.     135,682      27,368
*,1 L&F Co. Ltd.     269,970      26,524
*,1 Hanwha Solutions Corp.   1,017,102      26,108
1 Amorepacific Corp.     279,565      25,772
  NH Investment & Securities Co. Ltd.   1,266,063      25,756
  HD Construction Equipment Co. Ltd.     292,088      24,883
*,1 Coway Co. Ltd.     512,632      24,833
  Hankook Tire & Technology Co. Ltd.     665,509      24,498
*,1 Voronoi Inc.     103,573      21,686

    Shares Market
Value
($000)
1 Eo Technics Co. Ltd.      81,955      21,677
  Hanmi Pharm Co. Ltd.      59,701      21,316
1 Posco International Corp.     444,159      20,966
*,1 Samsung Episholdings Co. Ltd.      61,524      20,891
  LG Uplus Corp.   2,000,657      20,806
*,1 Woori Technology Inc.   1,463,591      20,775
1 WONIK IPS Co. Ltd.     278,249      20,703
*,1 LG Display Co. Ltd.   2,798,471      20,548
*,1 Daewoo Engineering & Construction Co. Ltd.   1,919,653      20,519
1 Hanwha Corp. (XKRX)     265,266      19,759
*,1 OliX Pharmaceuticals Inc.     154,765      19,687
*,1 Taihan Cable & Solution Co. Ltd.   1,038,059      19,126
1 HD Hyundai Marine Solution Co. Ltd.     152,956      18,886
1 Orion Corp.     214,847      18,590
  Hyundai Steel Co.     806,621      18,525
1 KEPCO Engineering & Construction Co. Inc.     178,989      18,486
  Doosan Bobcat Inc.     471,629      18,423
1 NCSoft Corp.     121,537      18,355
1 GS Holdings Corp.     418,003      18,066
1 LG CNS Co. Ltd.     467,661      17,884
*,1 SK Biopharmaceuticals Co. Ltd.     270,913      17,067
1 Hanjin Kal Corp.     228,691      17,019
  Daeduck Electronics Co. Ltd.     320,280      16,625
1 Hyundai Autoever Corp.      64,698      16,512
1 CJ Corp.     126,955      16,339
*,1 Robotis Co. Ltd.      97,339      16,179
1 DB HiTek Co. Ltd.     303,239      15,834
*,1 Hanwha Vision Co. Ltd.     320,157      15,800
1 ISC Co. Ltd.      97,565      15,676
1 HPSP Co. Ltd.     553,995      15,642
1 OCI Holdings Co. Ltd.     124,512      15,560
* Hanwha Engine     511,400      15,354
1 iM Financial Group Co. Ltd.   1,347,308      15,168
1 LG H&H Co. Ltd. (XKRX)      90,035      14,865
*,1 Pearl Abyss Corp.     326,993      14,525
1 Hansol Chemical Co. Ltd.      82,615      14,170
1 KCC Corp.      40,672      13,467
1 Hyundai Elevator Co. Ltd.     238,077      13,447
1 PharmaResearch Co. Ltd.      65,184      13,225
1 Jusung Engineering Co. Ltd.     303,008      12,827
*,1 D&D PharmaTech Inc.     275,417      12,742
1 Kangwon Land Inc.   1,094,407      12,348
*,1 Mezzion Pharma Co. Ltd.     210,982      12,280
1 DL E&C Co. Ltd.     277,241      12,220
1 Shinsegae Inc.      58,455      12,021
  ST Pharm Co. Ltd.     122,141      11,937
1 E-MART Inc.     181,901      11,793
1 Sanil Electric Co. Ltd.     126,290      11,655
*,1 Kakaopay Corp.     347,735      11,571
1 Kumho Petrochemical Co. Ltd.     143,476      11,452
*,1 Hanall Biopharma Co. Ltd.     298,421      11,341
*,1 Hyundai Marine & Fire Insurance Co. Ltd.     558,582      11,306
*,1 ISU Specialty Chemical     184,287      11,268
*,1 SKC Co. Ltd.     180,102      11,249
*,1 BHI Co. Ltd.     177,673      11,235
1 Ecopro Materials Co. Ltd.     244,216      11,144
1 S-1 Corp.     192,969      11,140
*,1 Oscotec Inc.     321,597      11,062
1 CJ CheilJedang Corp. (XKRX)      76,062      11,050
1 JYP Entertainment Corp.     263,257      10,862
  Korean Reinsurance Co.   1,299,988      10,567
  Iljin Electric Co. Ltd.     219,955      10,506
1 GS Engineering & Construction Corp.     622,574      10,498
1 Youngone Corp.     196,581      10,476
*,1 Doosan Robotics Inc.     189,830      10,472
1 PSK Inc.     187,749      10,424
1 HL Mando Co. Ltd.     307,618      10,373
1 Eugene Technology Co. Ltd.     133,381      10,149
1 Posco DX Co. Ltd.     506,286      10,075
1 Kolon Industries Inc.     196,940       9,937

    Shares Market
Value
($000)
*,1 Fadu Inc.     313,487       9,927
1 Cosmax Inc.      73,771       9,747
1 SPG Co. Ltd.     132,428       9,551
1 Poongsan Corp.     161,096       9,456
* HD-Hyundai Marine Engine     198,050       9,426
1 Lotte Chemical Corp.     171,615       9,314
1 CS Wind Corp.     231,106       9,307
1 Dongjin Semichem Co. Ltd.     306,512       9,252
*,1 ROKIT Healthcare Inc.     108,243       9,202
*,1 Hotel Shilla Co. Ltd.     308,656       9,041
  Soulbrain Co. Ltd.      36,373       9,002
*,1 Hanon Systems   3,482,886       8,941
*,1 Doosan Fuel Cell Co. Ltd.     395,497       8,877
1 Daejoo Electronic Materials Co. Ltd.     102,453       8,722
*,1 Curiox Biosystems Co. Ltd.     125,250       8,654
*,1 Hugel Inc.      53,572       8,634
*,1 Seojin System Co. Ltd.     297,738       8,589
1 SIMMTECH Co. Ltd.     261,260       8,542
1 Caregen Co. Ltd.     137,181       8,457
1 Cheil Worldwide Inc.     673,213       8,456
1 SK REITs Co. Ltd.   2,031,482       8,275
1,2 Netmarble Corp.     251,020       8,265
1 Han Kuk Carbon Co. Ltd.     310,088       8,220
1 TechWing Inc.     264,741       8,217
1 Silicon2 Co. Ltd.     317,895       8,210
1 Koh Young Technology Inc.     491,673       8,209
1 RFHIC Corp.     157,944       8,150
  Samsung Card Co. Ltd.     225,896       8,038
1 Lotte Shopping Co. Ltd.     108,583       7,973
1 Hana Micron Inc.     412,664       7,971
* Hyundai Wia Corp.     150,669       7,952
1 L&C Bio Co. Ltd.     171,724       7,918
*,1 Hanwha Life Insurance Co. Ltd.   2,608,160       7,904
*,1 Doosan Tesna Inc.     110,788       7,870
1 Pan Ocean Co. Ltd.   2,331,428       7,778
1 KEPCO Plant Service & Engineering Co. Ltd.     206,068       7,740
1 Youngone Holdings Co. Ltd.      51,481       7,699
1 Classys Inc.     226,009       7,680
*,1 Lotte Energy Materials Corp.     264,857       7,672
*,1 CosmoAM&T Co. Ltd.     220,309       7,661
1 Celltrion Pharm Inc.     199,896       7,463
1 BGF retail Co. Ltd.      79,310       7,410
1 S&S Tech Corp.     139,738       7,393
*,1 Hyundai Bioscience Co. Ltd.     825,085       7,368
1 LX International Corp.     251,860       7,329
1 NongShim Co. Ltd.      29,797       7,297
*,1 Hyulim ROBOT Co. Ltd.   1,020,035       7,260
  Kolmar Korea Co. Ltd.     140,603       7,249
*,1 SK Bioscience Co. Ltd.     251,524       7,134
1 Park Systems Corp.      44,394       7,037
  Misto Holdings Corp.     253,511       7,010
*,1 Jeju Semiconductor Corp.     293,059       7,005
*,1 HJ Shipbuilding & Construction Co. Ltd.     449,036       6,706
*,1 Seers Technology Co. Ltd.     201,666       6,676
*,1 Taesung Co. Ltd.     188,916       6,588
1 D'Alba Global Co. Ltd.      69,148       6,567
1 Hyundai Department Store Co. Ltd.     121,856       6,522
*,1 GemVax & Kael Co. Ltd.     278,812       6,383
*,1 Qurient Co. Ltd.     258,305       6,361
1 SM Entertainment Co. Ltd.     105,795       6,341
*,1 Chabiotech Co. Ltd.     530,994       6,216
1 Hyosung TNC Corp.      23,908       6,175
1 People & Technology Inc.     193,024       6,128
1 Daou Technology Inc.     209,967       6,104
1 Tokai Carbon Korea Co. Ltd.      38,582       6,040
*,1 Wonik Holdings Co. Ltd.     332,331       6,017
  CJ Logistics Corp.      85,707       5,993
1 Hyosung Corp.      67,651       5,935
1 Daishin Securities Co. Ltd.     246,202       5,909
  Korea Gas Corp.     249,704       5,870

    Shares Market
Value
($000)
*,1 Naturecell Co. Ltd.     496,354       5,806
*,1 APRILBIO Co. Ltd.     156,315       5,791
* Kumho Tire Co. Inc.   1,413,756       5,724
  SK Telecom Co. Ltd.     110,583       5,722
1 Shinsung Delta Tech Co. Ltd.     154,667       5,692
1 Intellian Technologies Inc.      74,308       5,622
*,1 Orum Therapeutics Inc.      93,730       5,585
1 Lotte Corp.     295,793       5,491
  F&F Co. Ltd.     132,204       5,442
*,1 SK oceanplant Co. Ltd.     302,348       5,409
1 Seah Besteel Holdings Corp.     121,449       5,363
1 Dongsuh Cos. Inc.     286,955       5,308
1 Pharmicell Co. Ltd.     518,935       5,155
  Green Cross Corp.      52,610       5,033
*,1 Lunit Inc.     226,209       5,004
1 LOTTE REIT Co. Ltd.   1,649,229       4,981
*,1 G2GBIO Inc.     110,514       4,954
*,1 KMW Co. Ltd.     267,910       4,949
1 SL Corp.     129,444       4,932
*,1 Hanwha Investment & Securities Co. Ltd.   1,099,724       4,897
1 TES Co. Ltd.     126,653       4,895
1 GS Retail Co. Ltd.     326,444       4,819
1 HK inno N Corp.     142,015       4,735
1 Paradise Co. Ltd.     430,059       4,715
  HDC Hyundai Development Co-Engineering & Construction     343,136       4,711
1 Lake Materials Co. Ltd.     352,471       4,704
  Hanmi Science Co. Ltd.     183,669       4,632
  LOTTE Fine Chemical Co. Ltd.     142,741       4,627
1 ESR Kendall Square REIT Co. Ltd.   1,609,645       4,578
1 LS Materials Ltd.     374,726       4,556
*,1 Clobot Co. Ltd.     135,496       4,537
1 Daewoong Pharmaceutical Co. Ltd.      41,937       4,533
*,1 Duk San Neolux Co. Ltd.     130,426       4,513
1 Solid Inc.     517,620       4,513
  HDC Holdings Co. Ltd.     239,982       4,461
*,1 Enchem Co. Ltd.     162,685       4,328
  Seegene Inc.     290,346       4,253
  Amorepacific Holdings Corp.     226,703       4,235
*,1 GI Innovation Inc.     480,703       4,151
1 SOLUM Co. Ltd.     375,264       4,133
  Chong Kun Dang Pharmaceutical Corp.      68,071       4,063
*,1 DL Holdings Co. Ltd.     102,444       4,060
1 YG Entertainment Inc.     112,667       4,011
*,1 Creative & Innovative System     508,183       3,988
*,1 Inventage Lab Inc.      87,948       3,917
*,1 SK Securities Co. Ltd.   3,072,083       3,909
*,1 Lotte Tour Development Co. Ltd.     331,277       3,889
  Shinhan Alpha REIT Co. Ltd.   1,054,527       3,879
1 SK Gas Ltd.      22,022       3,823
1 Harim Holdings Co. Ltd.     413,598       3,803
1 Il Dong Pharmaceutical Co. Ltd.     197,793       3,780
1 Sung Kwang Bend Co. Ltd.     157,887       3,758
1 Bukwang Pharmaceutical Co. Ltd.     734,427       3,685
*,1,2 SK IE Technology Co. Ltd.     253,780       3,678
* CJ ENM Co. Ltd.      97,170       3,674
1 BH Co. Ltd.     265,419       3,623
1 Advanced Nano Products Co. Ltd.      87,180       3,565
  DongKook Pharmaceutical Co. Ltd.     228,686       3,554
1 Hite Jinro Co. Ltd.     311,570       3,466
1 Hankook & Co. Co. Ltd.     210,200       3,455
* Samyang Biopharmaceuticals Corp.      41,555       3,447
1 Otoki Corp.      14,346       3,438
1 HS Hyosung Advanced Materials Corp.      22,210       3,365
1 LX Semicon Co. Ltd.     103,128       3,329
1 SK Chemicals Co. Ltd.      93,688       3,286
  DoubleUGames Co. Ltd.      98,561       3,264
1 TK Corp.     137,471       3,235
  HAESUNG DS Co. Ltd.      99,498       3,233
1 Hyundai GF Holdings     349,076       3,221
1 Medytox Inc.      47,463       3,210

    Shares Market
Value
($000)
*,1 Kakao Games Corp.     390,037       3,180
1 NEXTIN Inc.      70,913       3,048
  Orion Holdings Corp.     195,314       3,027
  NICE Information Service Co. Ltd.     283,928       2,993
1 Cheryong Electric Co. Ltd.     101,158       2,975
1 Hana Tour Service Inc.     110,107       2,959
*,1 Synopex Inc.     758,435       2,930
1 Korea Petrochemical Ind Co. Ltd.      33,213       2,925
*,1 SFA Semicon Co. Ltd.     712,331       2,925
  Daewoong Co. Ltd.     182,875       2,906
  SK Networks Co. Ltd.     880,682       2,892
*,1 Ananti Inc.     633,032       2,832
1 Korea Electric Terminal Co. Ltd.      55,018       2,813
*,1 Studio Dragon Corp.     116,573       2,783
1 ENF Technology Co. Ltd.      86,267       2,777
1 OCI Co. Ltd.      44,033       2,756
*,1 Sungeel Hitech Co. Ltd.      68,140       2,732
*,1 Shinsung E&G Co. Ltd.   1,546,398       2,705
*,1 Danal Co. Ltd.     646,022       2,630
1 Soop Co. Ltd.      66,592       2,625
1 Lotte Chilsung Beverage Co. Ltd.      34,225       2,608
1 Wemade Co. Ltd.     188,052       2,608
*,1 SHIFT UP Corp.     122,719       2,604
1 NHN Corp.     102,948       2,585
1 SK Discovery Co. Ltd.      74,488       2,578
*,1 Korea Line Corp.   1,618,780       2,560
*,1 Foosung Co. Ltd.     538,995       2,538
1 Samwha Capacitor Co. Ltd.      69,574       2,516
*,1 Seoul Semiconductor Co. Ltd.     419,280       2,490
  Lotte Rental Co. Ltd.     123,090       2,477
1 Sungwoo Hitech Co. Ltd.     430,152       2,473
1 Seobu T&D     281,208       2,471
*,1 Cosmochemical Co. Ltd.     245,707       2,470
  Daesang Corp.     186,108       2,457
1 Partron Co. Ltd.     479,946       2,443
1 Ecopro HN Co. Ltd.     122,874       2,443
  JW Pharmaceutical Corp.     119,312       2,411
1 Innox Advanced Materials Co. Ltd.     123,185       2,402
1 KC Tech Co. Ltd.      79,055       2,396
  SNT Motiv Co. Ltd.     110,200       2,392
  Hyundai Home Shopping Network Corp.      45,007       2,371
*,1 Eubiologics Co. Ltd.     262,728       2,334
1 Dongwon Industries Co. Ltd.      91,118       2,327
*,1 HLB Life Science Co. Ltd.     902,526       2,309
  Yuanta Securities Korea Co. Ltd.     765,592       2,277
*,1 Komipharm International Co. Ltd.     403,213       2,276
1 IS Dongseo Co. Ltd.     132,092       2,273
1 Posco M-Tech Co. Ltd.     200,183       2,267
1 Grand Korea Leisure Co. Ltd.     292,400       2,265
*,1 CJ CGV Co. Ltd.     712,985       2,249
1 LX Holdings Corp.     425,752       2,247
  Douzone Bizon Co. Ltd.      28,607       2,234
1 Dentium Co. Ltd.      65,604       2,234
1 Kwang Dong Pharmaceutical Co. Ltd.     403,850       2,225
1 GS P&L Co. Ltd.      78,555       2,218
*,1 Shin Poong Pharmaceutical Co. Ltd.     317,713       2,197
* Asiana Airlines Inc.     474,329       2,193
* Hanwha General Insurance Co. Ltd.     512,421       2,190
*,1 Cafe24 Corp.     123,027       2,188
  Innocean Worldwide Inc.     185,113       2,176
1 i-SENS Inc.     168,185       2,156
  Binggrae Co. Ltd.      45,318       2,147
  SFA Engineering Corp.     122,485       2,142
1 Ahnlab Inc.      54,270       2,135
*,1 VT Co. Ltd.     207,434       2,120
1 NHN KCP Corp.     197,050       2,115
1 Hanil Cement Co. Ltd.     194,032       2,104
  Huons Global Co. Ltd.      47,887       2,095
*,1 Hanssem Co. Ltd.      75,336       2,083
*,1 Chunbo Co. Ltd.      63,226       2,036

    Shares Market
Value
($000)
  Sebang Global Battery Co. Ltd.      50,845       2,029
1 Hancom Inc.     155,167       1,988
1 Dong-A Socio Holdings Co. Ltd.      32,036       1,981
1 TKG Huchems Co. Ltd.     164,750       1,954
1 MegaStudyEdu Co. Ltd.      58,804       1,895
*,1 Binex Co. Ltd.     247,970       1,872
1 DI Dong Il Corp.     128,746       1,857
  JR Global REIT   1,832,639       1,833
  Green Cross Holdings Corp.     206,533       1,831
1 Myoung Shin Industrial Co. Ltd.     279,842       1,818
1 PI Advanced Materials Co. Ltd.     124,597       1,817
* Tongyang Life Insurance Co. Ltd.     316,093       1,809
1 Solus Advanced Materials Co. Ltd.     299,227       1,808
1 E1 Corp.      26,586       1,764
*,1 UniTest Inc.     160,514       1,746
1 Neowiz     107,478       1,735
1 Taekwang Industrial Co. Ltd.       2,351       1,734
1 Eugene Investment & Securities Co. Ltd.     575,918       1,731
1 Handsome Co. Ltd.     110,768       1,717
1 LF Corp.     105,513       1,715
1 Unid Co. Ltd.      32,357       1,709
*,1 Nexon Games Co. Ltd.     219,913       1,687
1 Boryung     279,557       1,677
1 Hankook Shell Oil Co. Ltd.       5,336       1,644
1 Lotte Wellfood Co. Ltd.      22,079       1,644
1 SD Biosensor Inc.     312,636       1,609
  Dongkuk Steel Mill Co. Ltd.     261,947       1,575
1 Samchully Co. Ltd.      16,920       1,570
1 Youlchon Chemical Co. Ltd.      99,892       1,558
1 KCC Glass Corp.      93,632       1,529
1 Mcnex Co. Ltd.     110,295       1,524
  HL Holdings Corp.      54,666       1,518
1 Com2uSCorp      72,194       1,514
1 Hyundai Green Food     142,093       1,487
*,1 Bioneer Corp.     201,188       1,485
*,1 Daea TI Co. Ltd.     567,689       1,473
1 Soulbrain Holdings Co. Ltd.      46,034       1,435
1 Nexen Tire Corp.     297,132       1,422
*,1 GC Cell Corp.      89,533       1,393
1 Advanced Process Systems Corp.     108,077       1,391
1 TCC Steel     156,373       1,384
1 Young Poong Corp.      36,705       1,380
1 InBody Co. Ltd.      74,263       1,374
1 Humedix Co. Ltd.      60,670       1,374
*,1 HLB Therapeutics Co. Ltd.     717,111       1,368
1 Dong-A ST Co. Ltd.      45,759       1,332
  KISWIRE Ltd.      97,786       1,331
  Samyang Holdings Corp.      28,742       1,278
1 KH Vatec Co. Ltd.     150,121       1,274
*,1 CMG Pharmaceutical Co. Ltd.   1,087,040       1,262
1 HYUNDAI Corp.      76,537       1,242
1 BNC Korea Co. Ltd.     501,052       1,230
1 INTOPS Co. Ltd.     109,475       1,190
*,1 Genexine Inc.     375,793       1,136
*,1 LX Hausys Ltd.      61,245       1,132
*,1 Jeju Air Co. Ltd.     332,815       1,110
  NICE Holdings Co. Ltd.     126,490       1,089
1 Korea United Pharm Inc.      81,118       1,062
1 GOLFZON Co. Ltd.      32,714       1,056
1 Huons Co. Ltd.      61,260       1,033
  Ilyang Pharmaceutical Co. Ltd.     137,654       1,029
*,1 Modetour Network Inc.     137,147         998
*,1 DIO Corp.      89,992         974
  Hanjin Logistics Corp.      77,332         951
*,1 Yungjin Pharmaceutical Co. Ltd.     834,933         950
*,3 Kum Yang Co. Ltd.     141,250         913
*,1 Vaxcell-Bio Therapeutics Co. Ltd.     178,213         904
  Hansae Co. Ltd.     117,497         865
1 Samyang Corp.      29,148         863
  Webzen Inc.     108,326         861

    Shares Market
Value
($000)
*,1 Joongang Advanced Materials Co. Ltd.     799,380         731
1 Zinus Inc.     105,997         720
*,3 NKGen Biotech Korea Co. Ltd.     107,914         676
*,1 GeneOne Life Science Inc.     715,058         435
*,1,3 Dawonsys Co. Ltd.     255,306         422
*,3 Hyosung Chemical Corp.      15,220         387
  iMarketKorea Inc.      38,038         182
  Hansol Paper Co. Ltd.       9,486          50
               17,968,206
Spain (2.9%)
  Banco Santander SA 141,623,937   1,587,706
  Iberdrola SA (XMAD)  63,476,871   1,453,249
  Banco Bilbao Vizcaya Argentaria SA  54,835,913   1,184,431
  Industria de Diseno Textil SA  10,697,982     622,717
  CaixaBank SA  34,743,001     416,487
  Ferrovial SE   4,562,557     296,824
  Repsol SA  10,401,780     292,794
  Amadeus IT Group SA   4,173,226     238,628
  ACS Actividades de Construccion y Servicios SA (SGMU)   1,726,496     210,555
2 Aena SME SA   6,700,213     198,229
*,2 Cellnex Telecom SA   5,472,350     175,962
  Telefonica SA  39,603,818     173,288
  Banco de Sabadell SA  48,314,338     173,076
  Endesa SA   3,065,824     128,132
  Naturgy Energy Group SA   3,496,730     104,973
  Bankinter SA   6,020,250      95,345
  Redeia Corp. SA   3,929,299      66,603
  Merlin Properties Socimi SA   4,004,512      65,243
  Acciona SA     230,232      60,542
1 Indra Sistemas SA     846,287      47,299
  Enagas SA   2,113,073      41,750
  Mapfre SA   8,909,065      39,703
2 Unicaja Banco SA  10,849,259      32,198
  Acerinox SA   2,269,268      31,727
1 Grifols SA   2,793,512      29,226
  Viscofan SA     417,004      29,038
  Puig Brands SA Class B   1,423,491      28,238
  Sacyr SA (XMAD)   4,560,375      22,417
  Colonial SFL Socimi SA   3,688,635      21,855
  Logista Integral SA     571,700      21,395
  CIE Automotive SA     650,333      20,474
  Vidrala SA (XMAD)     219,533      19,690
  Fluidra SA     840,921      19,506
* Solaria Energia y Medio Ambiente SA     625,561      17,337
  Laboratorios Farmaceuticos Rovi SA     160,511      15,192
* Tecnicas Reunidas SA     416,634      14,903
  Elecnor SA     352,969      13,818
* Pharma Mar SA     116,890      11,957
  Melia Hotels International SA   1,065,737      11,896
  Construcciones y Auxiliar de Ferrocarriles SA     168,812      11,463
* Grenergy Renovables SA      77,713      10,343
  Almirall SA     722,031      10,247
  Ebro Foods SA     466,833      10,205
  Linea Directa Aseguradora SA Cia de Seguros y Reaseguros   6,643,923       9,059
2 Neinor Homes SA     400,630       7,735
  Corp. ACCIONA Energias Renovables SA     277,708       6,870
* Distribuidora Internacional de Alimentacion SA     122,401       5,731
*,1 HBX Group International plc     746,963       5,580
1 Atresmedia Corp. de Medios de Comunicacion SA     862,513       4,808
* Cirsa Enterprises SA     284,880       4,505
2 Gestamp Automocion SA   1,270,724       4,364
  Prosegur Cia de Seguridad SA     912,840       2,738
2 Global Dominion Access SA     764,526       2,736
*,1 Ence Energia y Celulosa SA     980,552       2,611
2 Prosegur Cash SA   2,298,833       1,672
                8,135,070
Sweden (2.8%)
  Investor AB Class B  17,737,832     671,815
  Volvo AB Class B  15,074,687     495,645

    Shares Market
Value
($000)
  Atlas Copco AB Class A  24,700,898     435,892
  Sandvik AB   9,961,684     382,945
  Assa Abloy AB Class B   9,398,099     339,721
  Telefonaktiebolaget LM Ericsson Class B  26,390,921     300,863
  Skandinaviska Enskilda Banken AB Class A  14,496,626     267,882
  Swedbank AB Class A   7,820,242     266,541
  Saab AB Class B   3,472,698     227,287
  Atlas Copco AB Class B  14,303,543     223,597
  Hexagon AB Class B  19,903,428     193,702
  Svenska Handelsbanken AB Class A  13,903,405     183,299
  EQT AB   5,187,409     160,953
  Epiroc AB Class A   6,275,486     154,483
  Investor AB Class A (XSTO)   3,927,380     147,359
  Essity AB Class B   5,673,412     146,220
  Alfa Laval AB   2,635,326     144,152
* Boliden AB   2,699,649     141,521
  Telia Co. AB  22,090,402     113,175
  Tele2 AB Class B   5,283,778     109,361
  Skanska AB Class B   3,190,982      86,313
  Industrivarden AB Class C   1,736,475      86,075
1 H & M Hennes & Mauritz AB Class B   4,209,198      78,749
  SKF AB Class B   3,232,398      77,920
2 Evolution AB   1,225,851      77,043
  Securitas AB Class B   4,566,862      76,485
* Swedish Orphan Biovitrum AB   1,797,350      75,328
  AddTech AB Class B   2,188,803      75,109
  Epiroc AB Class B   3,417,341      73,205
  Trelleborg AB Class B   1,901,267      71,106
  Svenska Cellulosa AB SCA Class B   5,680,431      65,861
  Lifco AB Class B   2,119,173      64,110
  Nordnet AB publ   1,918,919      62,488
  Volvo AB Class A   1,895,580      62,089
  Indutrade AB   2,592,882      59,452
  Nibe Industrier AB Class B  14,035,814      58,648
  Beijer Ref AB Class B   4,227,320      58,604
  Avanza Bank Holding AB   1,263,642      48,793
  SSAB AB Class B   5,748,697      45,318
  AAK AB   1,750,910      45,091
  Getinge AB Class B   2,110,483      42,604
  L E Lundbergforetagen AB Class B     694,566      39,489
  Industrivarden AB Class A     792,451      39,469
* Fastighets AB Balder Class B   6,699,358      39,236
  Castellum AB   3,328,644      38,502
  Lagercrantz Group AB Class B   1,797,219      38,392
  Sagax AB Class B   1,973,796      36,421
  Axfood AB   1,026,376      34,935
  Mycronic AB   1,465,531      34,441
  Sectra AB Class B   1,245,478      29,968
  Loomis AB     654,785      29,911
  Investment AB Latour Class B   1,316,620      28,383
  Sweco AB Class B   1,977,642      28,034
* Verisure plc   2,590,853      26,894
  Holmen AB Class B     669,115      23,994
  Wihlborgs Fastigheter AB   2,602,575      23,742
2 Thule Group AB   1,051,511      22,959
2 Munters Group AB   1,272,126      22,946
2 Bravida Holding AB   1,956,174      20,465
  Elekta AB Class B   3,378,283      19,982
  Pandox AB   1,023,289      19,434
  Hexpol AB   2,534,881      19,336
  Catena AB     412,118      19,221
  NCC AB Class B     854,137      18,807
* Camurus AB     371,258      18,547
* Asmodee Group AB Class B   1,494,380      16,881
  SSAB AB Class A   2,075,894      16,380
  Billerud Aktiebolag   2,095,726      16,246
  AddLife AB Class B   1,081,454      16,129
* Asker Healthcare Group AB   2,142,844      15,860
  Peab AB Class B   1,523,495      15,573
  Granges AB     988,975      15,545

    Shares Market
Value
($000)
*,2 Sinch AB   5,687,162      15,205
  Alleima AB   1,909,552      15,154
  Fabege AB   1,806,935      14,494
  Wallenstam AB Class B   3,265,866      14,148
  Bufab AB   1,262,313      14,081
2 Scandic Hotels Group AB   1,542,381      13,910
*,1 Volvo Car AB Class B   6,141,731      13,874
* HMS Networks AB     304,769      13,693
  Clas Ohlson AB Class B     346,161      13,678
*,2 BioArctic AB     398,325      13,580
* NOBA Bank Group AB   1,535,185      13,345
* Electrolux AB Class B   2,088,642      13,258
  AFRY AB     960,169      13,051
2 Attendo AB   1,208,834      13,019
  Storskogen Group AB Class B  13,800,354      12,925
  Husqvarna AB Class B   3,231,381      12,797
* Kinnevik AB Class B   2,317,044      12,460
  Electrolux Professional AB Class B   2,239,183      12,083
  Bure Equity AB     503,919      11,759
  Hufvudstaden AB Class A     888,165      11,249
  Cibus Nordic Real Estate AB publ     734,692      11,029
  Lindab International AB     669,455      10,938
  Betsson AB Class B     998,207      10,656
*,2 BoneSupport Holding AB     502,864      10,522
  Nyfosa AB   1,516,681      10,520
  Intea Fastigheter AB   1,389,092      10,271
  AQ Group AB     510,936      10,139
  Medicover AB Class B     493,150       9,846
* NCAB Group AB   1,663,093       9,798
  Cloetta AB Class B   1,700,254       9,554
  INVISIO AB     342,670       9,472
* Modern Times Group MTG AB Class B     953,410       9,310
  Nolato AB Class B   1,823,408       9,281
  Hemnet Group AB     810,347       9,237
1 Svenska Handelsbanken AB Class B     391,516       8,721
  Bilia AB Class A     659,747       8,712
2 Dometic Group AB   3,120,963       8,634
  Addnode Group AB   1,208,425       8,504
  Vitec Software Group AB Class B     314,378       7,996
  NP3 Fastigheter AB     296,502       7,632
  Vitrolife AB     728,952       7,334
  JM AB     570,871       7,272
  Systemair AB     921,654       6,937
* Sdiptech AB Class B     321,989       6,889
  Instalco AB   2,054,314       6,815
* Embracer Group AB   1,304,358       6,724
  Atrium Ljungberg AB Class B   2,128,175       6,562
  SkiStar AB     371,788       6,449
  Dios Fastigheter AB     961,914       6,413
  Ratos AB Class B   1,758,050       6,054
  MIPS AB     246,725       6,054
* Hexatronic Group AB   1,695,801       5,765
*,1 Xvivo Perfusion AB     231,407       5,707
  Sagax AB Class D   1,564,610       5,577
*,1 Vimian Group AB   1,869,425       5,549
  Skandinaviska Enskilda Banken AB Class C     265,614       5,040
  Arjo AB Class B   1,871,373       4,979
*,2 Boozt AB     495,130       4,963
*,1 Better Collective A/S     321,541       4,685
  Investment AB Oresund     267,880       4,249
  Platzer Fastigheter Holding AB Class B     592,845       4,235
*,1 Roko AB      24,371       3,956
*,1 Samhallsbyggnadsbolaget i Norden AB   9,862,824       3,913
  Troax Group AB     357,434       3,665
* Norion Bank AB     503,020       3,008
* Hacksaw AB     472,230       2,979
  Truecaller AB Class B   2,529,574       2,964
  Corem Property Group AB Class B   7,427,540       2,639
  Fagerhult Group AB     807,923       2,357
*,1 Samhallsbyggnadsbolaget i Norden AB Class D   1,018,624         900

    Shares Market
Value
($000)
  NCC AB Class A      13,304         291
                7,892,385
Switzerland (7.1%)
  Novartis AG (Registered)  18,574,691   2,851,110
  Roche Holding AG   6,804,191   2,715,490
  Nestle SA (Registered)  24,902,717   2,442,733
  ABB Ltd. (Registered)  15,055,735   1,224,151
  UBS Group AG (Registered)  30,246,413   1,179,410
  Zurich Insurance Group AG   1,444,843   1,021,242
  Cie Financiere Richemont SA Class A (Registered)   5,119,482     903,926
  Swiss Re AG   2,845,658     478,006
  Lonza Group AG (Registered)     664,522     426,303
  Holcim AG   4,712,812     389,570
  Alcon AG   4,785,260     361,719
  Galderma Group AG   1,773,993     348,649
  Sandoz Group AG   3,994,173     312,947
  Swiss Life Holding AG (Registered)     275,163     299,711
* Amrize Ltd.   4,821,086     267,218
  Sika AG (Registered)   1,550,156     256,579
  Givaudan SA (Registered)      74,050     250,400
  Partners Group Holding AG     208,058     224,253
  Geberit AG (Registered)     317,372     214,236
  Swisscom AG (Registered)     246,204     206,605
  Helvetia Baloise Holding AG (Registered)     739,462     191,380
  SGS SA (Registered)   1,605,687     169,222
2 VAT Group AG     260,690     162,629
  Chocoladefabriken Lindt & Spruengli AG (Registered)       1,053     150,718
  Julius Baer Group Ltd.   1,976,645     145,390
  Logitech International SA (Registered)   1,426,994     132,517
  Swiss Prime Site AG (Registered)     776,065     131,402
  Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf.       9,328     130,984
  Schindler Holding AG (XSWX)     391,804     129,057
  Roche Holding AG (Bearer) Class BR     281,370     116,589
  Straumann Holding AG (Registered)   1,046,782     109,518
  Sonova Holding AG (Registered)     476,341     108,612
  Kuehne & Nagel International AG (Registered)     448,440     102,695
  PSP Swiss Property AG (Registered)     441,291      87,618
  Accelleron Industries AG     908,251      82,093
  Belimo Holding AG (Registered)      95,192      77,310
  Swatch Group AG (Bearer) Class BR     292,648      64,605
  Schindler Holding AG (Registered)     194,948      61,399
1 Barry Callebaut AG (Registered)      34,141      60,040
  Flughafen Zurich AG (Registered)     182,657      57,196
2 Galenica AG     481,391      54,805
  Avolta AG     904,652      54,240
  EMS-Chemie Holding AG (Registered)      65,781      51,723
  Swissquote Group Holding SA (Registered)     103,718      51,521
  SIG Group AG   3,177,981      47,639
  Temenos AG (Registered)     526,811      46,173
  Banque Cantonale Vaudoise (Registered)     271,987      44,237
  Allreal Holding AG (Registered)     142,625      40,233
  Georg Fischer AG (Registered)     751,716      38,780
  BKW AG     192,400      37,934
  Adecco Group AG (Registered)   1,564,495      37,630
  Siegfried Holding AG (Registered)     387,617      36,770
  Sulzer AG (Registered)     168,525      35,331
  Cembra Money Bank AG     282,640      34,969
  Valiant Holding AG (Registered)     153,766      34,211
  Mobimo Holding AG (Registered)      70,385      33,499
  Huber & Suhner AG (Registered)     139,436      31,145
  EFG International AG   1,434,700      30,455
  Bucher Industries AG (Registered)      64,447      28,407
  VZ Holding AG     142,650      27,145
  DKSH Holding AG     346,690      25,512
  Luzerner Kantonalbank AG     184,863      24,556
  Sunrise Communications AG Class A     411,689      24,537
  SFS Group AG     158,753      23,760
  Comet Holding AG (Registered)      72,075      22,985
  Vontobel Holding AG (Registered)     255,607      22,133

    Shares Market
Value
($000)
  St. Galler Kantonalbank AG (Registered)      26,389      22,052
  Berner Kantonalbank AG      43,875      21,997
  Emmi AG (Registered)      20,366      21,773
  Tecan Group AG (Registered)     121,823      20,736
  Inficon Holding AG (Registered)     163,636      20,710
  Clariant AG (Registered)   1,983,655      19,462
  dormakaba Holding AG     296,195      19,042
1 Bachem Holding AG     221,290      18,260
  Burckhardt Compression Holding AG      29,621      17,729
  Kardex Holding AG (Registered)      58,904      17,723
* Aryzta AG     224,064      17,635
  Jungfraubahn Holding AG      49,010      16,301
  Landis & Gyr Group AG     246,004      15,784
  Softwareone Holding AG (XSWX)   1,632,892      14,338
  Burkhalter Holding AG      69,897      14,087
  Stadler Rail AG     540,180      13,880
  Liechtensteinische Landesbank AG     110,791      13,753
  Ypsomed Holding AG (Registered)      37,456      13,131
  Daetwyler Holding AG Class BR      71,910      12,976
* Dottikon Es Holding AG      29,621      12,896
  Swatch Group AG (Registered)     276,648      12,258
  Interroll Holding AG (Registered)       6,510      12,046
2 Medacta Group SA      58,136      10,987
* Implenia AG (Registered)     138,767      10,934
* ams-OSRAM AG     953,150      10,146
  Intershop Holding AG      47,319      10,009
  ALSO Holding AG (Registered)      56,317       9,932
  Bossard Holding AG (Registered) Class A      52,636       9,609
*,2 Montana Aerospace AG     282,342       9,268
  COSMO Pharmaceuticals NV      82,555       8,725
1 Forbo Holding AG (Registered)       8,958       8,364
* Basilea Pharmaceutica Ag Allschwil (Registered)     118,139       8,076
  Zehnder Group AG      83,284       7,017
  OC Oerlikon Corp AG Pfaeffikon   1,698,528       6,750
*,2 SMG Swiss Marketplace Group AG     189,336       6,615
*,2 Sensirion Holding AG      86,672       6,570
  SKAN Group AG     117,621       6,333
*,2 PolyPeptide Group AG     121,131       4,387
  Bell Food Group AG (Registered)      16,989       4,344
  Cie Financiere Tradition SA Class BR      12,741       4,229
*,1,2 Medartis Holding AG      40,815       3,951
  Bystronic AG      13,393       3,518
  VP Bank AG Class A      31,499       3,397
  Autoneum Holding AG      22,713       3,293
  TX Group AG      18,500       3,082
  APG SGA SA      11,254       2,774
2 Medmix AG     223,034       2,454
*,1 u-blox Holding AG (XSWX)      13,179       2,264
               20,121,159
United Kingdom (11.8%)
  AstraZeneca plc  14,504,632   2,836,235
  HSBC Holdings plc 166,167,236   2,728,896
  Shell plc (XLON)  55,072,549   2,550,688
  Rolls-Royce Holdings plc  82,067,382   1,246,803
  BP plc 151,732,929   1,187,584
  British American Tobacco plc  20,369,605   1,182,635
  Unilever plc  20,752,765   1,139,314
  GSK plc  38,664,390   1,065,029
  Rio Tinto plc  10,003,324     928,045
  BAE Systems plc  29,094,451     853,006
  National Grid plc  47,910,461     808,733
* Glencore plc 101,683,581     770,139
  Lloyds Banking Group plc 572,577,397     709,672
  Barclays plc 134,635,212     704,611
  RELX plc  17,601,742     576,674
  NatWest Group plc  77,335,767     572,899
  London Stock Exchange Group plc   4,696,923     554,649
  Compass Group plc  16,417,058     458,051
  Anglo American plc  10,297,088     442,112

    Shares Market
Value
($000)
  Haleon plc  86,128,408     426,249
  Reckitt Benckiser Group plc (XLON)   6,330,749     425,682
  SSE plc  11,657,507     402,984
  Diageo plc  21,532,488     400,444
  Tesco plc  60,286,714     378,904
  Standard Chartered plc  17,472,610     364,127
  Prudential plc (XLON)  24,569,896     341,598
  3i Group plc   9,597,937     312,806
  Experian plc   8,875,085     307,029
  Imperial Brands plc   7,204,576     292,130
  Vodafone Group plc 176,834,978     266,729
  Sunbelt Rentals Holdings Inc.   4,004,023     255,422
  Aviva plc  29,387,883     235,849
  Next plc   1,111,155     187,728
  Coca-Cola Europacific Partners plc   2,023,162     184,764
  Halma plc   3,616,698     184,563
  InterContinental Hotels Group plc   1,384,892     182,632
  Legal & General Group plc  54,216,724     178,174
  BT Group plc  54,459,675     152,627
  Rentokil Initial plc  24,290,960     150,748
  Antofagasta plc   3,290,624     147,566
  Smith & Nephew plc   8,202,780     129,965
  Centrica plc  44,459,728     125,885
  Informa plc  12,471,137     125,257
  Endeavour Mining plc   1,947,042     117,309
  United Utilities Group plc   6,600,158     115,081
  Segro plc  13,056,050     111,924
  Coca-Cola HBC AG Class DI   1,933,135     108,892
  Severn Trent plc   2,566,315     105,254
  Diploma plc   1,292,162     103,169
  Sage Group plc   9,075,791     101,698
  Admiral Group plc   2,428,691     101,582
  International Consolidated Airlines Group SA Class DI  21,157,206      99,567
  Beazley plc   5,626,799      95,073
  Weir Group plc   2,508,726      94,084
  Bunzl plc   3,106,211      93,514
  Smiths Group plc   3,050,446      93,088
  Marks & Spencer Group plc  19,771,517      89,085
* Wise plc Class A   7,218,260      86,924
  Melrose Industries plc (XLON)  12,125,260      82,163
  Pearson plc   6,113,334      80,597
  IMI plc   2,351,324      79,990
  Fresnillo plc   1,786,702      79,197
  St. James's Place plc   4,931,345      77,810
  Games Workshop Group plc     317,678      75,098
  M&G plc  20,583,510      74,768
  J Sainsbury plc  16,252,994      73,174
  Intertek Group plc   1,488,805      72,444
  Associated British Foods plc   2,814,148      70,445
  Standard Life plc   7,193,265      65,146
  Spirax Group plc     708,922      63,600
  Kingfisher plc  16,622,160      63,203
  Hiscox Ltd.   3,128,423      63,147
  IG Group Holdings plc   3,120,168      59,416
  ICG plc   2,759,866      56,603
  Howden Joinery Group plc   5,217,678      55,264
  Schroders plc   7,155,001      55,090
2 Convatec Group plc  18,824,350      54,298
  Land Securities Group plc   7,186,863      53,012
  LondonMetric Property plc  21,667,869      52,341
  DCC plc     833,910      51,650
* Burberry Group plc   3,462,136      50,658
2 Autotrader Group plc   8,053,104      50,405
  Croda International plc   1,338,429      50,262
  Whitbread plc   1,631,050      50,147
  Balfour Beatty plc   4,738,781      47,979
1 Mondi plc   4,209,369      47,590
  Barratt Redrow plc  13,032,902      45,330
  Tritax Big Box REIT plc  23,677,245      44,593
  British Land Co. plc   9,406,285      44,495

    Shares Market
Value
($000)
  Aberdeen Group Plc  17,430,802      44,158
  Investec plc   5,659,744      43,623
  Entain plc   5,773,265      43,371
  Persimmon plc   3,035,917      43,339
  Rightmove plc   7,437,524      42,552
*,1 Metlen Energy & Metals plc   1,077,777      42,375
  Lion Finance Group plc     327,007      40,588
  Taylor Wimpey plc  34,133,523      40,541
* Berkeley Group Holdings plc     869,195      39,817
  Johnson Matthey plc   1,534,136      38,758
  Drax Group plc   3,250,550      38,414
  Zegona Communications plc   1,742,577      38,340
  Babcock International Group plc   2,417,011      37,523
  Man Group plc  11,090,128      37,335
  Serco Group plc   9,501,368      36,002
  Pan African Resources plc  19,340,876      35,837
  Plus500 Ltd.     655,359      35,494
  ITV plc  34,807,614      35,203
  Cranswick plc     502,001      34,787
  RS Group plc   4,551,345      34,080
  Rotork plc   8,016,472      33,334
  WPP plc  10,434,426      32,633
  Carnival plc   1,270,044      32,396
1 Pennon Group plc   4,559,788      32,157
2 Airtel Africa plc   6,655,679      30,692
2 Quilter plc  12,831,126      29,516
  Inchcape plc   2,940,977      29,334
  Primary Health Properties plc  24,211,812      29,142
  UNITE Group plc   4,599,759      27,869
  QinetiQ Group plc   4,444,670      26,922
  Bellway plc   1,083,504      26,645
2 JTC plc   1,542,593      26,571
  Just Group plc   8,987,357      26,084
  TP ICAP Group plc   7,175,105      26,002
  Mitie Group plc  11,458,244      25,784
  Hikma Pharmaceuticals plc   1,476,835      24,805
  Hochschild Mining plc   3,064,171      24,517
  Shaftesbury Capital plc  14,206,257      24,060
  Harbour Energy plc   6,023,279      23,951
  TBC Bank Group plc     432,180      23,595
  OSB Group plc   3,369,515      23,441
  Morgan Sindall Group plc     415,904      22,778
  Derwent London plc   1,072,929      22,419
  JD Sports Fashion plc  22,979,597      21,795
  B&M European Value Retail plc   9,694,699      21,770
  Computacenter plc     538,790      21,596
  Hill & Smith plc     753,431      21,120
  Softcat plc   1,251,576      20,456
  Big Yellow Group plc   1,798,787      20,278
  Genus plc     633,838      20,100
* Helios Towers plc   8,344,365      20,089
  Grafton Group plc GDR   1,662,280      19,883
  Coats Group plc  18,275,959      19,605
  Hammerson plc   4,955,012      19,524
  AJ Bell plc   3,102,815      19,421
  Greencore Group plc (XLON)   6,060,092      19,400
1 Greggs plc     941,370      19,134
  Lancashire Holdings Ltd.   2,361,939      18,351
  Sirius Real Estate Ltd.  14,332,235      17,659
  Canal & SA (XLON)   6,614,506      17,599
  SSP Group plc   7,519,154      17,586
  Chemring Group plc   2,563,523      17,478
  Safestore Holdings plc   2,049,187      17,212
  Paragon Banking Group plc   1,777,595      17,042
  easyJet plc   3,614,009      16,815
  Tate & Lyle plc   3,477,452      16,704
  International Workplace Group plc   7,177,406      16,659
  Clarkson plc     268,578      16,519
  Oxford Instruments plc     511,331      16,411
  Keller Group plc     635,483      16,185

    Shares Market
Value
($000)
  Currys plc   9,690,647      16,048
2 Bridgepoint Group plc   5,002,443      15,586
  Renishaw plc     329,020      15,555
  Premier Foods plc   6,309,025      15,493
  Grainger plc   7,041,584      15,207
  Travis Perkins plc   1,976,917      14,907
  Senior plc   3,847,811      14,897
  Rathbones Group plc     545,653      14,521
  Energean plc   1,235,474      14,224
  Volution Group plc   1,870,284      14,158
  Great Portland Estates plc   3,755,822      14,113
  Savills plc   1,270,841      13,902
* Vistry Group plc   3,086,711      13,761
* Ocado Group plc   5,711,943      13,720
  Bodycote plc   1,620,359      13,209
*,2 Watches of Switzerland Group plc   2,176,802      13,050
  Supermarket Income REIT plc  11,775,184      12,316
  Dunelm Group plc   1,167,286      12,139
  4imprint Group plc     267,739      12,095
  Ashmore Group plc   4,278,767      11,994
  Telecom Plus plc     695,117      11,865
  Firstgroup plc   5,285,921      11,618
*,2 Trainline plc   3,773,895      11,402
  Elementis plc   5,602,791      11,137
  Breedon Group plc   2,692,370      10,662
  Baltic Classifieds Group plc   4,346,200      10,559
  Zigup plc   2,028,119      10,327
  IntegraFin Holdings plc   2,408,621       9,860
  Pets at Home Group plc   4,064,463       9,846
  Vesuvius plc   1,809,995       9,576
  MONY Group plc   4,670,354       9,345
  WH Smith plc   1,211,398       9,309
  Genuit Group plc   2,395,756       9,163
  Jupiter Fund Management plc   4,066,837       9,086
  Playtech plc   1,946,124       8,663
*,2 Trustpilot Group plc   3,368,739       8,628
* Molten Ventures plc   1,397,015       8,515
  AG Barr plc     965,623       8,365
* Frasers Group plc     982,468       8,355
* Mitchells & Butlers plc   2,440,468       8,254
  Kainos Group plc     815,953       8,011
  Moonpig Group plc   2,863,096       7,957
  Domino's Pizza Group plc   3,416,111       7,822
  Bytes Technology Group plc (XLON)   2,099,631       7,822
* Close Brothers Group plc   1,422,155       7,571
  Ninety One plc   2,446,779       7,380
  Ithaca Energy plc   2,170,390       7,357
  Morgan Advanced Materials plc   2,685,364       7,203
  Hays plc  15,254,050       6,773
  Victrex plc     820,051       6,211
*,1 Oxford Nanopore Technologies plc   4,130,336       6,111
* IP Group plc   8,348,924       5,875
  Wickes Group plc   2,107,918       5,855
  Workspace Group plc   1,272,678       5,744
  Pagegroup plc   3,029,941       5,503
1 C&C Group plc   3,535,738       5,236
  RHI Magnesita NV     165,141       5,233
2 Ibstock plc   3,773,774       5,088
  Hilton Food Group plc     751,527       5,077
2 Spire Healthcare Group plc   2,575,411       5,001
  Picton Property Income Ltd.   4,724,987       4,810
1 J D Wetherspoon plc     639,193       4,750
  Dr. Martens plc   5,415,533       4,533
2 CMC Markets plc     964,959       4,364
  Marshalls plc   2,160,490       4,033
  NCC Group plc   2,520,955       3,898
  Goodwin plc      24,126       3,654
*,1 Raspberry PI Holdings plc     616,443       3,519
  Future plc     889,383       3,516
* AO World plc   2,898,353       3,317

    Shares Market
Value
($000)
  Crest Nicholson Holdings plc   2,158,723       2,888
*,1 THG plc   6,674,213       2,596
  Rank Group plc   1,829,544       2,172
*,1,2 Aston Martin Lagonda Global Holdings plc   2,904,033       1,411
*,3 Home REIT plc   2,697,055         428
*,3 Greencore Group plc   1,598,963          45
*,3 Evraz plc   4,134,463          —
*,3 NMC Health plc     510,606          —
*,2,3 Finablr plc   1,120,022          —
               33,449,165
United States (0.0%)
*,1 Energy Fuels Inc.   2,245,786      41,184
1 Brookfield Business Corp. Class A     221,191       6,977
  Diversified Energy Co.      29,004         540
                   48,701
Total Common Stocks (Cost $179,454,983) 278,281,052
Preferred Stocks (0.4%)
  Samsung Electronics Co. Ltd. Preference Shares   7,765,629     626,869
  Volkswagen AG Preference Shares   1,994,287     204,001
  Henkel AG & Co. KGaA Preference Shares   1,510,551     116,689
  Hyundai Motor Co. Preference Shares (XKRX)     332,806      52,687
  Bayerische Motoren Werke AG Preference Shares     524,697      48,299
* Telecom Italia SpA Preference Shares  58,237,660      48,097
  Hyundai Motor Co. Preference Shares     209,036      32,709
  FUCHS SE Preference Shares     626,725      26,660
  Grifols SA Preference Shares Class B (XMAD)   2,503,380      20,028
  Danieli & C Officine Meccaniche SpA Preference Shares     341,387      16,879
  Mirae Asset Securities Co. Ltd. (XKRX) Preference Shares   1,261,079      16,270
  Sixt SE Preference Shares     160,377      10,180
  Draegerwerk AG & Co. KGaA Preference Shares      82,969       8,831
  LG Chem Ltd. Preference Shares      74,321       7,288
  KSB SE & Co. KGaA Preference Shares       6,653       7,090
  Samsung Fire & Marine Insurance Co. Ltd. (XKRX) Preference Shares      25,810       6,233
  Korea Investment Holdings Co. Ltd. Preference Shares      58,928       6,097
  Doosan Co. Ltd. Preference Shares      18,141       5,590
  LG Electronics Inc. Preference Shares     167,297       5,349
  Hanwha Corp. Preference Shares     186,244       5,279
  Daishin Securities Co. Ltd. Preference Shares     192,507       2,998
  Amorepacific Corp. (XKRX) Preference Shares      90,788       2,751
  Corem Property Group AB Preference Shares     109,789       2,734
* Samsung SDI Co. Ltd. Preference Shares      15,051       2,125
  LG H&H Co. Ltd. Preference Shares      20,431       1,422
  CJ CheilJedang Corp. Preference Shares      13,486       1,145
Total Preferred Stocks (Cost $928,561) 1,284,300
Rights (0.0%)
*,1 Lunit Inc. EXP. 4/23/2026      68,205         263
* Capitaland Ascendas REIT EXP. 4/15/2026   1,060,176          99
* Telecom Italia SpA EXP. 4/30/2026 163,067,655           1
*,3 Syrah Resources Ltd. EXP. 4/17/2026   5,349,592          —
Total Rights (Cost $—) 363
Warrants (0.0%)
*,1,3 Webuild SpA Exp. 8/2/2030     196,679         196
*,3 Constellation Software Inc. Exp. 3/31/2040     152,472          —
Total Warrants (Cost $—) 196

    Shares Market
Value
($000)
Temporary Cash Investments (1.3%)
Money Market Fund (1.3%)
4,5 Vanguard Market Liquidity Fund, 3.687% (Cost $3,580,757) 35,814,103        3,581,052
Total Investments (100.3%) (Cost $183,964,301) 283,146,963
Other Assets and Liabilities—Net (-0.3%) (952,758)
Net Assets (100%) 282,194,205
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,650,192.
2 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, the aggregate value was $3,242,572, representing 1.1% of net assets.
3 Security value determined using significant unobservable inputs.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
5 Collateral of $3,066,856 was received for securities on loan, of which $3,063,842 is held in Vanguard Market Liquidity Fund and $3,014 is held in cash.
  GDR—Global Depositary Receipt.
  Ptg. Ctf.—Participating Certificates.
  REIT—Real Estate Investment Trust.
  

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
E-mini S&P 500 Index June 2026 882 289,770 (874)
Euro Stoxx 50 Index June 2026 13,762 874,079 (19,511)
FTSE 100 Index June 2026 2,764 373,124 (2,251)
S&P ASX 200 Index June 2026 1,953 286,776 (4,229)
S&P TSX 60 Index June 2026 978 268,252 1,283
Topix Index June 2026 2,714 599,216 (20,385)
        (45,967)
    
Forward Currency Contracts
Counterparty Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
Depreciation
($000)
  Receive   Deliver
State Street Bank & Trust Co. 6/17/2026 AUD 254,242 USD 174,940 274
Toronto-Dominion Bank 6/17/2026 AUD 63,093 USD 44,343 (862)
JPMorgan Chase Bank, N.A. 6/17/2026 AUD 18,868 USD 13,124 (121)
State Street Bank & Trust Co. 6/17/2026 AUD 8,362 USD 5,773 (11)
Toronto-Dominion Bank 6/17/2026 CAD 258,750 USD 191,355 (4,720)
Toronto-Dominion Bank 6/17/2026 CAD 11,188 USD 8,069
State Street Bank & Trust Co. 6/17/2026 CHF 82,199 USD 105,171 (1,491)
UBS AG 6/17/2026 CHF 10,159 USD 12,998 (184)
State Street Bank & Trust Co. 6/17/2026 EUR 196,824 USD 229,689 (1,380)
Toronto-Dominion Bank 6/17/2026 EUR 164,506 USD 191,615 (794)
State Street Bank & Trust Co. 6/17/2026 EUR 102,638 USD 118,971 86
Toronto-Dominion Bank 6/17/2026 EUR 65,128 USD 75,372 174
BNP Paribas 6/17/2026 EUR 48,256 USD 55,800 176
Deutsche Bank AG 6/17/2026 EUR 46,837 USD 54,162 167
JPMorgan Chase Bank, N.A. 6/17/2026 GBP 111,456 USD 149,532 (2,043)
Toronto-Dominion Bank 6/17/2026 GBP 7,695 USD 10,183 (1)
Toronto-Dominion Bank 6/17/2026 JPY 42,793,590 USD 270,638 770
UBS AG 6/17/2026 JPY 16,815,583 USD 106,394 255
State Street Bank & Trust Co. 6/17/2026 JPY 1,882,660 USD 11,871 70

Forward Currency Contracts (continued)
Counterparty Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
Depreciation
($000)
  Receive   Deliver
State Street Bank & Trust Co. 6/17/2026 USD 439,587 CHF 338,729 12,340
Toronto-Dominion Bank 6/17/2026 USD 5,356 CHF 4,138 137
BNP Paribas 6/17/2026 USD 1,547 CHF 1,195 40
JPMorgan Chase Bank, N.A. 6/17/2026 USD 29,810 DKK 190,400 232
HSBC Bank plc 6/17/2026 USD 27,067 GBP 20,212 321
HSBC Bank plc 6/17/2026 USD 60,646 HKD 472,424 152
State Street Bank & Trust Co. 6/17/2026 USD 162,289 JPY 25,810,074 (1,405)
UBS AG 6/17/2026 USD 120,832 JPY 19,223,128 (1,086)
HSBC Bank plc 6/17/2026 USD 74,377 JPY 11,829,617 (650)
Royal Bank of Canada 6/17/2026 USD 55,755 JPY 8,872,213 (515)
JPMorgan Chase Bank, N.A. 6/17/2026 USD 47,028 JPY 7,468,193 (338)
Citibank, N.A. 6/17/2026 USD 9,295 JPY 1,478,702 (83)
BNP Paribas 6/17/2026 USD 81,783 KRW 120,027,081 1,816
JPMorgan Chase Bank, N.A. 6/17/2026 USD 16,280 NOK 157,024 74
Toronto-Dominion Bank 6/17/2026 USD 81,202 SEK 743,155 2,391
State Street Bank & Trust Co. 6/17/2026 USD 6,525 SGD 8,251 73
            19,548 (15,684)
AUD—Australian dollar.
CAD—Canadian dollar.
CHF—Swiss franc.
DKK—Danish krone.
EUR—euro.
GBP—British pound.
HKD—Hong Kong dollar.
JPY—Japanese yen.
KRW—Korean won.
NOK—Norwegian krone.
SEK—Swedish krona.
SGD—Singapore dollar.
USD—U.S. dollar.
At March 31, 2026, the counterparties had deposited in segregated accounts securities with a value of $7,642 and cash of $100 in connection with open forward currency contracts.
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an

exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
D. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. Risks associated with these types of forward currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an asset (liability).
E. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of March 31, 2026, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks—North and South America 31,567,044 540 31,567,584
Common Stocks—Other 50,120 246,616,616 46,732 246,713,468
Preferred Stocks 1,284,300 1,284,300
Rights 363 363
Warrants 196 196
Temporary Cash Investments 3,581,052 3,581,052
Total 35,198,216 247,901,819 46,928 283,146,963
Derivative Financial Instruments        
Assets        
Futures Contracts1 1,283 1,283
Forward Currency Contracts 19,548 19,548
Total 1,283 19,548 20,831
Liabilities        
Futures Contracts1 (47,250) (47,250)
Forward Currency Contracts (15,684) (15,684)
Total (47,250) (15,684) (62,934)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.