UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT

OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number: 811-05972

 

Name of Registrant: Vanguard International Equity Index Funds
Address of Registrant: P.O. Box 2600
  Valley Forge, PA 19482

 

Name and address of agent for service: Natalie Lamarque, Esquire
  P.O. Box 876
  Valley Forge, PA 19482

 

Registrant’s telephone number, including area code: (610) 669-1000

 

Date of fiscal year end: October 31

 

Date of reporting period: November 1, 2025—April 30, 2026

 

 

 

 

 

Item 1: Reports to Shareholders.

 

 

 

 

 

TABLE OF CONTENTS

 

Vanguard Emerging Markets Stock Index Fund
Investor Shares - VEIEX

   

Vanguard Emerging Markets Stock Index Fund
FTSE Emerging Markets ETF Shares - VWO

   

Vanguard Emerging Markets Stock Index Fund
Admiral™ Shares - VEMAX

   

Vanguard Emerging Markets Stock Index Fund
Institutional Shares - VEMIX

   

Vanguard Emerging Markets Stock Index Fund
Institutional Plus Shares - VEMRX

   

 

Logo
Vanguard Emerging Markets Stock Index Fund
Investor Shares (VEIEX)
Semi-Annual Shareholder Report | April 30, 2026
This semi-annual shareholder report contains important information about Vanguard Emerging Markets Stock Index Fund (the "Fund") for the period of November 1, 2025, to April 30, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf‑next‑gen‑form‑webapp/fund‑literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Share Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Investor Shares $15 0.29%1
​1
Annualized.
Fund Statistics
(as of April 30, 2026)
Fund Net Assets
(in millions)		 $159,862
Number of Portfolio Holdings 6,408
Portfolio Turnover Rate 2%
Portfolio Composition % of Net Assets
(as of April 30, 2026)
Africa 3.9%
Asia 86.0%
Europe 1.4%
North America 2.2%
South America 5.7%
Other Assets and Liabilities—Net 0.8%
This table reflects the Fund’s investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.
This is a summary of certain changes to the Fund since October 31, 2025. For more complete information, you may review the Fund’s prospectus at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.
Connect with Vanguard ® • vanguard.com
Fund Information • 800-662-7447
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing • 800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SR533
Logo
Vanguard Emerging Markets Stock Index Fund
FTSE Emerging Markets ETF Shares (VWO) NYSE Arca
Semi-Annual Shareholder Report | April 30, 2026
This semi-annual shareholder report contains important information about Vanguard Emerging Markets Stock Index Fund (the "Fund") for the period of November 1, 2025, to April 30, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf‑next‑gen‑form‑webapp/fund‑literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Share Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
FTSE Emerging Markets ETF Shares $3 0.06%1
​1
Annualized.
Fund Statistics
(as of April 30, 2026)
Fund Net Assets
(in millions)		 $159,862
Number of Portfolio Holdings 6,408
Portfolio Turnover Rate 2%
Portfolio Composition % of Net Assets
(as of April 30, 2026)
Africa 3.9%
Asia 86.0%
Europe 1.4%
North America 2.2%
South America 5.7%
Other Assets and Liabilities—Net 0.8%
This table reflects the Fund’s investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.
This is a summary of certain changes to the Fund since October 31, 2025. For more complete information, you may review the Fund’s prospectus at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.
Connect with Vanguard ® • vanguard.com
Fund Information • 800-662-7447
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing • 800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SR964
Logo
Vanguard Emerging Markets Stock Index Fund
Admiral™ Shares (VEMAX)
Semi-Annual Shareholder Report | April 30, 2026
This semi-annual shareholder report contains important information about Vanguard Emerging Markets Stock Index Fund (the "Fund") for the period of November 1, 2025, to April 30, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf‑next‑gen‑form‑webapp/fund‑literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Share Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Admiral Shares $7 0.13%1
​1
Annualized.
Fund Statistics
(as of April 30, 2026)
Fund Net Assets
(in millions)		 $159,862
Number of Portfolio Holdings 6,408
Portfolio Turnover Rate 2%
Portfolio Composition % of Net Assets
(as of April 30, 2026)
Africa 3.9%
Asia 86.0%
Europe 1.4%
North America 2.2%
South America 5.7%
Other Assets and Liabilities—Net 0.8%
This table reflects the Fund’s investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.
This is a summary of certain changes to the Fund since October 31, 2025. For more complete information, you may review the Fund’s prospectus at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.
Connect with Vanguard ® • vanguard.com
Fund Information • 800-662-7447
Direct Investor Account Services • 800-662-2739
Text Telephone for People Who Are Deaf or Hard of Hearing • 800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SR5533
Logo
Vanguard Emerging Markets Stock Index Fund
Institutional Shares (VEMIX)
Semi-Annual Shareholder Report | April 30, 2026
This semi-annual shareholder report contains important information about Vanguard Emerging Markets Stock Index Fund (the "Fund") for the period of November 1, 2025, to April 30, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf‑next‑gen‑form‑webapp/fund‑literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Share Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Institutional Shares $4 0.07%1
​1
Annualized.
Fund Statistics
(as of April 30, 2026)
Fund Net Assets
(in millions)		 $159,862
Number of Portfolio Holdings 6,408
Portfolio Turnover Rate 2%
Portfolio Composition % of Net Assets
(as of April 30, 2026)
Africa 3.9%
Asia 86.0%
Europe 1.4%
North America 2.2%
South America 5.7%
Other Assets and Liabilities—Net 0.8%
This table reflects the Fund’s investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.
This is a summary of certain changes to the Fund since October 31, 2025. For more complete information, you may review the Fund’s prospectus at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.
Connect with Vanguard ® • vanguard.com
Fund Information • 800-662-7447
Institutional Investor Services • 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing • 800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SR239
Logo
Vanguard Emerging Markets Stock Index Fund
Institutional Plus Shares (VEMRX)
Semi-Annual Shareholder Report | April 30, 2026
This semi-annual shareholder report contains important information about Vanguard Emerging Markets Stock Index Fund (the "Fund") for the period of November 1, 2025, to April 30, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf‑next‑gen‑form‑webapp/fund‑literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
Share Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
Institutional Plus Shares $3 0.06%1
​1
Annualized.
Fund Statistics
(as of April 30, 2026)
Fund Net Assets
(in millions)		 $159,862
Number of Portfolio Holdings 6,408
Portfolio Turnover Rate 2%
Portfolio Composition % of Net Assets
(as of April 30, 2026)
Africa 3.9%
Asia 86.0%
Europe 1.4%
North America 2.2%
South America 5.7%
Other Assets and Liabilities—Net 0.8%
This table reflects the Fund’s investments, including short-term investments, derivatives and other assets and liabilities.
How has the Fund changed?
Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.
This is a summary of certain changes to the Fund since October 31, 2025. For more complete information, you may review the Fund’s prospectus at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?
Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.
Connect with Vanguard ® • vanguard.com
Fund Information • 800-662-7447
Institutional Investor Services • 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing • 800-749-7273
© 2026 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SR1865

 

Item 2: Code of Ethics.

 

Not applicable.

 

Item 3: Audit Committee Financial Expert.

 

Not applicable.

 

Item 4: Principal Accountant Fees and Services.

 

Not applicable.

 

Item 5: Audit Committee of Listed Registrants.

 

Not applicable.

 

Item 6: Investments.

 

Not applicable. The complete schedule of investments is included in the financial statements filed under Item 7 of this Form.

 

 

 

 

Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

 

 

Financial Statements
For the six-months ended April 30, 2026
Vanguard Emerging Markets Stock Index Fund

 

Contents
Financial Statements
1
   

 

Emerging Markets Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments
As of April 30, 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 (97.8%)
Brazil (3.5%)
  Vale SA 49,699,592 814,777
  Petroleo Brasileiro SA - Petrobras 51,385,128 567,937
  B3 SA - Brasil Bolsa Balcao 72,927,269 265,535
  Banco BTG Pactual SA 16,992,146 203,626
  Axia Energia SA 15,868,509 198,845
  WEG SA 20,607,261 186,688
  Cia de Saneamento Basico do Estado de Sao Paulo SABESP 26,991,515 180,696
  Ambev SA 60,503,319 177,290
* PRIO SA 11,266,787 151,102
  Embraer SA 8,569,013 133,317
  Equatorial SA 14,818,756 126,647
  Localiza Rent a Car SA 12,448,489 115,415
  Banco do Brasil SA 23,666,372 106,149
  Vibra Energia SA 15,735,029 105,815
1 Rede D'Or Sao Luiz SA 13,037,050 101,020
  Itau Unibanco Holding SA ADR 10,785,505 93,834
  Telefonica Brasil SA 10,537,267 83,523
  Suzano SA 9,305,039 82,381
* Eneva SA 12,901,769 70,556
  Banco Bradesco SA 20,481,597 69,157
  Itau Unibanco Holding SA 7,129,688 62,704
  Energisa SA 5,761,562 61,458
  BB Seguridade Participacoes SA 8,834,442 60,445
  Ultrapar Participacoes SA 9,780,742 59,137
  Cia Paranaense de Energia - Copel 18,146,162 58,266
  Motiva Infraestrutura de Mobilidade SA 16,592,545 53,613
  Rumo SA 16,821,695 53,436
  TIM SA 10,172,070 52,896
  Klabin SA 12,386,340 43,724
  Raia Drogasil SA 9,609,916 42,579
  Cia de Saneamento Basico do Estado de Sao Paulo SABESP ADR 1,157,332 38,921
  Lojas Renner SA 13,665,747 37,533
  Engie Brasil Energia SA 4,948,863 35,289
  TOTVS SA 5,404,512 34,773
  Sendas Distribuidora SA 17,258,314 30,845
  Caixa Seguridade Participacoes SA 8,250,600 30,141
  Allos SA 4,773,585 29,547
  Cia de Saneamento de Minas Gerais Copasa MG 2,627,246 28,672
  Kinea Rendimentos Imobiliarios FII 1,307,682 28,149
  Multiplan Empreendimentos Imobiliarios SA 4,374,196 28,020
* Cosan SA 27,074,702 27,557
  Transmissora Alianca de Energia Eletrica SA 3,014,577 25,885
  CPFL Energia SA 2,591,247 25,605
  Smartfit Escola de Ginastica e Danca SA 7,308,720 25,490
* Natura Cosmeticos SA 12,342,900 25,400
  Porto Seguro SA 2,505,090 25,189
  MBRF Global Foods Co. SA 7,123,287 25,073
  Cia Paranaense de Energia - Copel ADR 1,792,963 23,075
  Banco Bradesco SA ADR 5,750,278 22,311
  Brava Energia 5,528,091 21,356
  Kinea Indice de Precos FII 1,109,291 21,237
  Hypera SA 4,546,433 20,686
  XP MALLS FDO INV IMOB FII 854,149 19,192
1 GPS Participacoes e Empreendimentos SA 6,118,138 18,632
  Patria Log Fundo de Investimento Imobiliario Responsabilidade Limitada 581,500 18,366
  Banco Santander Brasil SA ADR 3,101,965 18,178
  Cyrela Brazil Realty SA Empreendimentos e Participacoes 3,612,396 17,136
  Cia De Sanena Do Parana 2,051,997 16,800
  Iguatemi SA 2,931,100 16,278
  Cogna Educacao SA 28,472,003 15,985
1

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Petroleo Brasileiro SA - Petrobras ADR 788,729 15,680
  Banco Santander Brasil SA 2,664,317 15,625
  FII BTLG 728,635 15,244
  Embraer SA ADR 228,570 14,331
  Alupar Investimento SA 2,019,905 14,073
  Direcional Engenharia SA 5,186,960 13,460
  Kinea Renda Imobiliaria FII 394,731 13,382
  Cury Construtora e Incorporadora SA 2,124,978 12,900
  Maxi Renda FII 6,349,685 12,720
* Auren Energia SA 4,434,586 12,439
* Orizon Valorizacao de Residuos SA 726,803 11,962
  Cia Energetica de Minas Gerais ADR 4,339,107 10,935
  Fleury SA 3,336,190 10,834
  JHSF Participacoes SA 4,217,000 10,688
  Odontoprev SA 3,449,038 10,622
  SLC Agricola SA 2,771,674 9,515
  Vinci Shopping Centers FII 411,056 9,149
  XP Log FII 439,487 8,942
  Patria Renda Urbana Fundo de Investimento Imobiliario Responsabilidade Limitada 329,186 8,810
  Vivara Participacoes SA 1,686,560 8,791
  Magazine Luiza SA 5,193,894 8,632
  Trx Real Estate FII 462,094 8,556
  Kinea High Yield CRI - FII 413,391 8,440
  IRB-Brasil Resseguros SA 765,477 8,270
  EcoRodovias Infraestrutura e Logistica SA 4,585,271 8,139
  Hedge Brasil Shopping FII 1,857,613 7,795
  Capitania Securities II FII 4,847,029 7,762
  Azzas 2154 SA 1,777,322 7,760
* Cia Siderurgica Nacional SA 6,075,844 7,644
* MRV Engenharia e Participacoes SA 5,315,563 7,428
  M Dias Branco SA 1,444,045 6,847
  YDUQS Participacoes SA 3,400,950 6,772
  Construtora Tenda SA 1,175,194 6,669
  Fras-Le SA 1,517,172 6,624
  C&A Modas SA 2,870,100 6,561
  Sao Martinho SA 1,966,395 6,421
* Dexco SA 6,056,244 6,372
  Grupo Mateus SA 7,015,208 6,148
  Cia Brasileira de Aluminio 2,830,101 6,053
  Fii UBS Br Receb Imob 348,718 5,874
  TIM SA ADR 220,513 5,720
  Fundo De Investimento Imobiliario VBI Prime Properties 371,371 5,700
  Vulcabras SA 1,771,164 5,644
* Hidrovias do Brasil SA 8,165,621 5,508
  CSN Mineracao SA 5,748,514 5,421
*,1 Hapvida Participacoes e Investimentos SA 2,155,954 5,394
  Mahle Metal Leve SA 778,673 5,354
  Tres Tentos Agroindustrial SA 1,559,003 5,289
  Ez Tec Empreendimentos e Participacoes SA 1,863,693 5,250
  Fundo De Investimento Imobiliario Tg Ativo Real 343,436 4,719
  Minerva SA 6,043,362 4,638
  SIMPAR SA (BVMF) 2,034,700 4,528
  Petroreconcavo SA 1,712,244 4,481
  Vamos Locacao de Caminhoes Maquinas e Equipamentos SA (BVMF) 5,419,750 4,334
  Axia Energia SA ADR 328,208 4,119
  LOG Commercial Properties e Participacoes SA 758,644 4,080
* Oncoclinicas do Brasil Servicos Medicos SA 12,187,320 4,012
* Tupy SA 1,289,257 3,650
  Intelbras SA Industria de Telecomunicacao Eletronica Brasileira 1,227,200 3,537
  Mills Locacao Servicos e Logistica SA 1,372,459 3,523
  Iochpe Maxion SA 1,789,849 3,416
  BrasilAgro - Co. Brasileira de Propriedades Agricolas 900,386 3,382
1 LWSA SA 4,218,744 3,229
  Grendene SA 3,608,897 3,192
  Sendas Distribuidora SA ADR 321,137 2,910
* CVC Brasil Operadora e Agencia de Viagens SA 7,392,062 2,881
  Grupo SBF SA 1,292,568 2,877
* Cia Siderurgica Nacional SA ADR 2,211,796 2,853
* Log-in Logistica Intermodal SA 430,400 2,686
  Cia Energetica de Minas Gerais 709,440 2,408
2

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* SIMPAR SA 848,285 1,888
*,2 Braskem SA Class A ADR 272,413 1,046
* Vamos Locacao de Caminhoes Maquinas e Equipamentos SA 792,354 634
  Suzano SA ADR 28,372 252
            5,647,313
Chile (0.6%)
  Banco de Chile 627,882,439 117,704
  Latam Airlines Group SA 3,976,411,388 94,570
  Banco de Credito e Inversiones SA 1,076,187 72,718
  Falabella SA 11,644,792 70,531
  Plaza SA 10,964,395 54,467
  Banco Santander Chile 662,761,104 52,995
  Cencosud SA 17,588,715 44,470
  Parque Arauco SA 9,291,853 41,512
  Empresas Copec SA 5,498,383 38,515
  Enel Chile SA 345,176,517 30,996
  Enel Americas SA 264,907,513 24,730
* Sociedad Quimica y Minera de Chile SA ADR 237,505 21,891
  Cencosud Shopping SA 6,641,592 20,136
  Empresas CMPC SA 15,674,419 19,442
  Quinenco SA 3,881,246 18,979
  Banco Itau Chile SA 816,235 16,691
  Banco Santander Chile ADR 474,037 15,160
  Colbun SA 100,330,477 14,941
  Aguas Andinas SA Class A 36,579,827 13,842
  Engie Energia Chile SA 5,831,511 11,150
  Inversiones La Construccion SA 431,540 10,062
  Latam Airlines Group SA ADR 210,300 9,995
  Cia Sud Americana de Vapores SA 176,268,801 9,991
  Cia Cervecerias Unidas SA 1,712,784 9,708
  Salfacorp SA 5,830,990 9,017
  Empresa Nacional de Telecomunicaciones SA 1,897,271 7,506
  SMU SA 48,170,204 7,315
* CAP SA 793,472 6,186
  Vina Concha y Toro SA 6,258,608 6,173
  Inversiones Aguas Metropolitanas SA 5,305,184 5,778
  Ripley Corp. SA 12,625,617 5,357
  SONDA SA 4,756,716 1,530
  Enel Chile SA ADR 72,748 329
            884,387
China (28.6%)
  Tencent Holdings Ltd. 85,748,744 5,207,715
  Alibaba Group Holding Ltd. 247,728,160 4,082,811
  China Construction Bank Corp. Class H 1,209,908,103 1,365,744
* PDD Holdings Inc. ADR 10,526,997 1,051,436
  Industrial & Commercial Bank of China Ltd. Class H 1,103,076,614 993,817
*,1 Xiaomi Corp. Class B 238,842,600 896,186
*,1 Meituan Class B 73,777,486 793,786
  Ping An Insurance Group Co. of China Ltd. Class H 89,804,813 729,943
  BYD Co. Ltd. Class H 51,019,247 678,667
  Bank of China Ltd. Class H 947,127,735 615,027
  NetEase Inc. 25,219,811 590,375
  JD.com Inc. Class A 32,835,343 497,460
* Baidu Inc. Class A 29,709,965 469,151
* Trip.com Group Ltd. 8,254,153 445,716
  PetroChina Co. Ltd. Class H 288,386,227 444,840
  Zijin Mining Group Co. Ltd. Class H 83,139,097 386,098
  China Life Insurance Co. Ltd. Class H 103,047,734 380,149
  Agricultural Bank of China Ltd. Class H 426,543,343 332,746
  China Merchants Bank Co. Ltd. Class H 52,331,295 316,737
  China Shenhua Energy Co. Ltd. Class H 46,719,360 290,215
  Contemporary Amperex Technology Co. Ltd. Class A 4,116,223 264,226
*,1 Innovent Biologics Inc. 22,395,320 261,520
  Geely Automobile Holdings Ltd. Class A 86,662,743 257,750
* BeOne Medicines Ltd. Class H 10,908,000 247,603
  Kweichow Moutai Co. Ltd. Class A 1,169,804 237,108
*,1 Wuxi Biologics Cayman Inc. 51,743,066 221,085
1 Kuaishou Technology 39,041,800 217,339
  Yum China Holdings Inc. 4,261,900 208,549
3

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Contemporary Amperex Technology Co. Ltd. Class H 2,423,960 191,580
1,2 Pop Mart International Group Ltd. 9,220,200 187,666
  China Petroleum & Chemical Corp. Class H 315,756,822 186,546
  China Hongqiao Group Ltd. 43,621,000 184,650
  ANTA Sports Products Ltd. 17,423,605 182,530
  PICC Property & Casualty Co. Ltd. Class H 95,696,207 172,862
*,1 Akeso Inc. 9,599,000 168,385
  China Resources Land Ltd. 39,903,825 167,657
* XPeng Inc. Class A 20,245,765 161,815
* NIO Inc. Class A 24,255,798 156,511
  China Pacific Insurance Group Co. Ltd. Class H 35,662,992 155,682
2 ZTO Express Cayman Inc. 6,043,850 153,144
1 Nongfu Spring Co. Ltd. Class H 24,877,400 150,450
*,2 Li Auto Inc. Class A 16,743,423 147,346
*,1,2 Hua Hong Semiconductor Ltd. Class H 9,814,606 144,576
  KE Holdings Inc. Class A 25,954,650 144,117
  H World Group Ltd. 27,050,330 139,664
1,2 Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class H 5,388,159 138,928
  Weichai Power Co. Ltd. Class H 26,999,294 134,210
  Zhongji Innolight Co. Ltd. Class A 1,026,692 129,643
  China CITIC Bank Corp. Ltd. Class H 123,380,476 129,389
  CSPC Pharmaceutical Group Ltd. 110,774,529 120,697
*,2 Horizon Robotics 125,926,800 118,486
  Yangzijiang Shipbuilding Holdings Ltd. 34,559,298 117,863
  CMOC Group Ltd. Class H 50,225,171 114,840
  CITIC Ltd. 68,429,026 113,719
  China Merchants Bank Co. Ltd. Class A 19,374,549 108,627
  New Oriental Education & Technology Group Inc. 19,818,250 108,138
1,2 WuXi AppTec Co. Ltd. Class H 6,045,519 106,207
*,1,2 SenseTime Group Inc. Class B 402,421,000 102,850
* J&T Global Express Ltd. 81,205,000 101,680
* Cambricon Technologies Corp. Ltd. Class A 392,695 98,769
  Midea Group Co. Ltd. Class H 8,456,017 97,715
  Hygon Information Technology Co. Ltd. Class A 2,163,045 94,973
  Zijin Mining Group Co. Ltd. Class A 19,251,744 94,801
  Sino Biopharmaceutical Ltd. 134,859,444 93,871
  Bank of Communications Co. Ltd. Class H 100,460,609 91,890
  China Mengniu Dairy Co. Ltd. 41,057,920 91,436
1 China Tower Corp. Ltd. Class H 64,496,993 91,400
2 Yankuang Energy Group Co. Ltd. Class H 43,321,944 90,896
  Haier Smart Home Co. Ltd. Class H 32,132,255 90,756
  China Yangtze Power Co. Ltd. Class A 22,667,600 90,640
  New China Life Insurance Co. Ltd. Class H 13,505,912 88,697
  China Overseas Land & Investment Ltd. 51,342,841 88,190
  Ping An Insurance Group Co. of China Ltd. Class A 10,079,400 87,877
* Bilibili Inc. 3,986,201 87,594
  Full Truck Alliance Co. Ltd. ADR 10,025,783 86,723
*,1 JD Health International Inc. 14,388,890 85,037
1 Postal Savings Bank of China Co. Ltd. Class H 131,236,010 84,388
  Zhaojin Mining Industry Co. Ltd. Class H 22,718,667 83,475
  People's Insurance Co. Group of China Ltd. Class H 120,139,422 82,201
  Agricultural Bank of China Ltd. Class A 79,665,395 80,562
  ENN Energy Holdings Ltd. 10,269,055 80,502
  Li Ning Co. Ltd. 30,668,574 79,845
  Industrial & Commercial Bank of China Ltd. Class A 73,310,976 79,837
  CITIC Securities Co. Ltd. Class H 22,097,438 78,455
1 3SBio Inc. 25,594,086 76,555
  BYD Co. Ltd. Class A 5,045,839 76,547
  Sunny Optical Technology Group Co. Ltd. 9,283,975 76,431
1 Hansoh Pharmaceutical Group Co. Ltd. 15,827,000 75,806
  Aluminum Corp. of China Ltd. Class H 51,441,237 75,339
  China Resources Beer Holdings Co. Ltd. 21,545,124 74,238
  Eoptolink Technology Inc. Ltd. Class A 923,304 71,475
  China Gold International Resources Corp. Ltd. 3,282,100 70,501
1,2 Ganfeng Lithium Group Co. Ltd. Class H 6,531,040 70,249
  Foxconn Industrial Internet Co. Ltd. Class A 7,482,320 69,471
  Jiangxi Copper Co. Ltd. Class H 14,486,722 68,848
  China Resources Power Holdings Co. Ltd. 27,395,149 67,555
1 Guotai Haitong Securities Co. Ltd. Class H 39,053,027 67,010
  Luxshare Precision Industry Co. Ltd. Class A 6,712,942 66,653
4

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
1 CGN Power Co. Ltd. Class H 145,192,514 64,692
2 COSCO SHIPPING Holdings Co. Ltd. Class H 35,066,605 64,541
1 Fuyao Glass Industry Group Co. Ltd. Class H 8,402,400 64,013
  Tencent Music Entertainment Group ADR 6,885,687 63,142
* TAL Education Group ADR 5,617,511 62,467
1 China International Capital Corp. Ltd. Class H 23,719,940 61,925
*,2 GDS Holdings Ltd. Class A 11,454,144 60,450
  China Coal Energy Co. Ltd. Class H 32,240,653 60,317
*,1 Zhejiang Leapmotor Technology Co. Ltd. Class H 9,879,900 60,306
  Tsingtao Brewery Co. Ltd. Class H 8,483,786 58,654
  Kingboard Laminates Holdings Ltd. 12,848,799 57,359
  Kanzhun Ltd. ADR 4,192,730 56,686
  China Taiping Insurance Holdings Co. Ltd. 19,196,800 54,882
  China Galaxy Securities Co. Ltd. Class H 50,963,875 54,342
*,2 UBTech Robotics Corp. Ltd. Class H 3,960,600 54,300
1 China Resources Mixc Lifestyle Services Ltd. 8,942,400 54,008
  NAURA Technology Group Co. Ltd. Class A 671,067 53,090
  Industrial Bank Co. Ltd. Class A 19,666,526 51,610
  Wuliangye Yibin Co. Ltd. Class A 3,609,137 51,343
  Kunlun Energy Co. Ltd. 52,710,541 50,726
  Sinotruk Hong Kong Ltd. 10,305,967 50,692
*,2 XtalPi Holdings Ltd. 41,109,000 50,522
*,1 JD Logistics Inc. 25,854,846 50,355
  Bank of Communications Co. Ltd. Class A 49,836,339 49,564
  Great Wall Motor Co. Ltd. Class H 31,716,375 47,972
1 Shandong Gold Mining Co. Ltd. Class H 13,024,700 47,711
  Jiangsu Hengrui Pharmaceuticals Co. Ltd. Class A 5,956,039 47,175
  Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A 1,696,300 46,754
  Kingboard Holdings Ltd. 8,191,608 46,436
  PetroChina Co. Ltd. Class A 25,742,769 46,066
  CMOC Group Ltd. Class A 16,586,323 45,747
  CITIC Securities Co. Ltd. Class A 11,428,806 45,696
*,2 Alibaba Health Information Technology Ltd. 80,808,112 45,669
  Huaneng Power International Inc. Class H 57,038,822 45,665
*,2 GCL Technology Holdings Ltd. 388,324,000 44,926
* Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. Class H 737,700 44,621
  China Minsheng Banking Corp. Ltd. Class H 97,479,594 44,485
  China Shenhua Energy Co. Ltd. Class A 6,313,336 44,320
  Sinopharm Group Co. Ltd. Class H 18,469,825 43,935
2 Laopu Gold Co. Ltd. Class H 612,700 43,746
* Kingdee International Software Group Co. Ltd. 39,376,284 43,563
  Minth Group Ltd. 9,801,506 42,865
2 COSCO SHIPPING Energy Transportation Co. Ltd. Class H 18,254,261 42,738
  China CSSC Holdings Ltd. Class A 6,973,359 42,710
  Vipshop Holdings Ltd. ADR 2,955,687 42,532
  Shanghai Pudong Development Bank Co. Ltd. Class A 30,960,729 42,011
  Anhui Conch Cement Co. Ltd. Class H 16,431,635 41,168
  Kingsoft Corp. Ltd. 13,865,278 40,959
* WuXi XDC Cayman Inc. 5,368,500 40,764
1,2 Haidilao International Holding Ltd. 21,953,000 40,489
  Tingyi Cayman Islands Holding Corp. 25,842,000 39,873
  Bank of China Ltd. Class A 47,334,297 39,813
  Tongcheng Travel Holdings Ltd. 17,265,600 39,408
  Guangdong Investment Ltd. 37,538,021 39,292
  Sungrow Power Supply Co. Ltd. Class A 1,928,628 39,221
2 China Longyuan Power Group Corp. Ltd. Class H 45,936,493 39,139
  CRRC Corp. Ltd. Class H 58,147,000 38,706
  Wanhua Chemical Group Co. Ltd. Class A 2,929,461 38,517
  WuXi AppTec Co. Ltd. Class A 2,280,162 36,942
1,2 Huatai Securities Co. Ltd. Class H 17,502,408 36,318
2 BYD Electronic International Co. Ltd. 10,533,529 35,997
  Atour Lifestyle Holdings Ltd. ADR 935,436 35,771
  China Pacific Insurance Group Co. Ltd. Class A 6,486,224 35,495
  GF Securities Co. Ltd. Class H 15,590,400 35,345
  China Gas Holdings Ltd. 37,340,493 34,637
  Bosideng International Holdings Ltd. 63,033,764 34,494
  China Everbright Environment Group Ltd. 47,967,203 34,491
  Shaanxi Coal Industry Co. Ltd. Class A 8,975,905 34,313
*,2 Kingsoft Cloud Holdings Ltd. 33,916,265 34,200
*,2 Pony AI Inc. ADR 3,455,013 34,101
5

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
*,2 ZTE Corp. Class H 10,575,239 33,948
*,2 InnoScience Suzhou Technology Holding Co. Ltd. Class H 4,105,400 33,777
  Dongyue Group Ltd. 20,378,339 33,560
  Muyuan Foods Co. Ltd. Class A 5,086,345 33,358
  Far East Horizon Ltd. 34,601,130 33,166
  Inner Mongolia Yitai Coal Co. Ltd. Class B 12,242,475 32,588
  Suzhou TFC Optical Communication Co. Ltd. Class A 720,449 32,568
  China Merchants Port Holdings Co. Ltd. 16,252,671 32,326
*,1 Remegen Co. Ltd. Class H 2,486,000 32,229
  East Money Information Co. Ltd. Class A 10,744,558 32,159
  Advanced Micro-Fabrication Equipment Inc. China Class A 576,922 32,050
* China National Building Material Co. Ltd. Class H 49,130,512 32,016
  Guotai Haitong Securities Co. Ltd. 13,356,004 31,613
  China Nonferrous Mining Corp. Ltd. 17,895,000 31,114
  China Oilfield Services Ltd. Class H 25,590,880 30,899
*,2 Hesai Group Class B 1,370,898 30,871
  Ningxia Baofeng Energy Group Co. Ltd. Class A 6,842,000 30,740
2 XD Inc. 3,790,400 30,479
1,2 Smoore International Holdings Ltd. 25,352,000 30,305
*,2 Zai Lab Ltd. 14,118,420 30,302
  Hengan International Group Co. Ltd. 8,780,026 30,101
  Ping An Bank Co. Ltd. Class A 17,877,646 30,091
1,2 Longfor Group Holdings Ltd. 28,884,101 29,907
  China Conch Venture Holdings Ltd. 19,284,518 29,902
  China Resources Gas Group Ltd. 12,398,305 29,784
  Weichai Power Co. Ltd. Class A 6,445,111 29,643
  Bank of Ningbo Co. Ltd. Class A 6,083,681 29,565
*,1 InnoCare Pharma Ltd. Class H 16,638,000 29,453
  China Construction Bank Corp. Class A 20,110,510 29,261
* Genscript Biotech Corp. 16,410,320 29,217
*,2 China Ruyi Holdings Ltd. 154,666,709 28,929
  Beijing-Shanghai High Speed Railway Co. Ltd. Class A 40,111,379 28,790
  GigaDevice Semiconductor Inc. Class A 615,579 28,611
  Shennan Circuits Co. Ltd. Class A 616,862 28,570
2 Dongfang Electric Corp. Ltd. Class H 5,679,813 28,452
* Qinghai Salt Lake Industry Co. Ltd. Class A 4,905,667 28,437
  NARI Technology Co. Ltd. Class A 7,452,089 28,402
  Bank of Jiangsu Co. Ltd. Class A 17,101,797 28,246
  China Railway Group Ltd. Class H 57,941,604 28,089
*,1 Keymed Biosciences Inc. 2,888,500 28,071
  Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A 1,134,224 28,066
  Yum China Holdings Inc. (XHKG) 579,219 28,063
*,1 Mobvista Inc. 13,363,000 27,943
  Chongqing Rural Commercial Bank Co. Ltd. Class H 30,777,539 27,342
  China State Construction Engineering Corp. Ltd. Class A 37,914,642 27,279
  Montage Technology Co. Ltd. Class A 1,060,764 27,241
2 Harbin Electric Co. Ltd. Class H 9,097,875 27,164
  China Medical System Holdings Ltd. 16,483,584 27,096
  Zhuzhou CRRC Times Electric Co. Ltd. Class H 5,924,479 27,070
  TCL Electronics Holdings Ltd. 14,002,329 27,059
  WUS Printed Circuit Kunshan Co. Ltd. Class A 1,775,004 27,021
2 Zhejiang Sanhua Intelligent Controls Co. Ltd. Class H 6,152,200 26,496
  China Northern Rare Earth Group High-Tech Co. Ltd. Class A 3,351,940 26,131
1,2 Giant Biogene Holding Co. Ltd. 6,707,800 26,052
  Beijing Enterprises Holdings Ltd. 6,518,767 25,817
2 China State Construction International Holdings Ltd. 22,062,728 25,625
  Shenzhen Inovance Technology Co. Ltd. Class A 2,530,428 25,506
  Shengyi Technology Co. Ltd. Class A 2,246,656 25,468
1,2 Meitu Inc. 46,854,436 25,228
*,1,2 China CITIC Financial Asset Management Co. Ltd. Class H 265,229,000 25,213
*,2 WeRide Inc. ADR 3,250,523 25,094
  China National Nuclear Power Co. Ltd. Class A 19,004,039 25,033
  SF Holding Co. Ltd. Class A 4,526,722 24,634
*,2 Sunac China Holdings Ltd. 164,571,000 24,392
1 Yadea Group Holdings Ltd. 15,814,000 24,276
  Foshan Haitian Flavouring & Food Co. Ltd. Class A 4,274,115 24,202
  Hithink RoyalFlush Information Network Co. Ltd. Class A 699,001 24,189
2 Wanguo Gold Group Ltd. 16,690,500 24,071
  Haitian International Holdings Ltd. 8,811,180 23,906
  Sany Heavy Industry Co. Ltd. Class A 7,946,090 23,737
6

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A 1,131,340 23,735
  COSCO SHIPPING Holdings Co. Ltd. Class A 11,460,338 23,735
  Inner Mongolia Yili Industrial Group Co. Ltd. Class A 5,859,618 23,574
  Country Garden Services Holdings Co. Ltd. 29,487,827 23,539
  China Petroleum & Chemical Corp. Class A 29,766,601 23,508
1 China Feihe Ltd. 52,560,000 23,452
2 Goldwind Science & Technology Co. Ltd. Class H 10,546,290 23,410
2 C&D International Investment Group Ltd. 12,241,966 23,286
  MINISO Group Holding Ltd. 6,293,312 23,221
* Shenzhen Longsys Electronics Co. Ltd. Class A 386,667 23,118
2 Lingbao Gold Group Co. Ltd. Class H 8,520,500 22,907
2 Jiangsu Hengrui Pharmaceuticals Co. Ltd. Class H 2,736,800 22,820
*,1,2 CALB Group Co. Ltd. Class H 5,001,200 22,779
2 China Cinda Asset Management Co. Ltd. Class H 161,180,276 22,771
2 Xinyi Solar Holdings Ltd. 61,820,000 22,758
  Avary Holding Shenzhen Co. Ltd. Class A 2,118,161 22,597
  Chaozhou Three-Circle Group Co. Ltd. Class A 1,769,208 22,452
  China Power International Development Ltd. 53,342,063 22,296
* Zhejiang Expressway Co. Ltd. Class H 22,449,877 22,252
  Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class A 421,360 22,105
  Ganfeng Lithium Group Co. Ltd. Class A 1,683,480 22,018
2 Guming Holdings Ltd. 6,752,800 22,001
  Hengtong Optic-electric Co. Ltd. Class A 2,265,065 21,953
  Wasion Holdings Ltd. 6,292,000 21,819
  JOYY Inc. ADR 367,850 21,699
  Gree Electric Appliances Inc. of Zhuhai Class A 3,680,920 21,608
  Aluminum Corp. of China Ltd. Class A 12,427,019 21,449
  Sany Heavy Equipment International Holdings Co. Ltd. 15,412,954 21,305
*,1 Ascentage Pharma Group International 3,693,700 21,282
*,1 ZhongAn Online P&C Insurance Co. Ltd. Class H 13,959,293 20,976
2 Jiangsu Expressway Co. Ltd. Class H 15,284,976 20,797
* Verisilicon Microelectronics Shanghai Co. Ltd. Class A 491,487 20,490
*,2 Tianqi Lithium Corp. Class H 2,396,400 20,436
* ZTE Corp. Class A 3,783,345 20,397
* Shanghai MicroPort MedBot Group Co. Ltd. Class H 5,110,500 20,394
  Postal Savings Bank of China Co. Ltd. Class A 27,300,507 20,253
  BOE Technology Group Co. Ltd. Class A 33,717,154 20,201
  RLX Technology Inc. ADR 9,117,745 20,150
  Range Intelligent Computing Technology Group Co. Ltd. Class A 1,521,700 20,038
*,2 RoboSense Technology Co. Ltd. 4,665,700 20,006
  Luzhou Laojiao Co. Ltd. Class A 1,359,461 19,935
  CRRC Corp. Ltd. Class A 22,762,789 19,915
  Victory Giant Technology Huizhou Co. Ltd. Class A 406,400 19,860
  Bank of Nanjing Co. Ltd. Class A 11,524,538 19,814
  China Everbright Bank Co. Ltd. Class A 43,292,894 19,780
  Seres Group Co. Ltd. Class A 1,512,848 19,740
2 Shanghai Fudan Microelectronics Group Co. Ltd. Class H 3,943,000 19,706
  Huatai Securities Co. Ltd. Class A 6,953,701 19,587
*,1,2 East Buy Holding Ltd. 5,909,000 19,474
  China Jinmao Holdings Group Ltd. 91,087,771 19,435
2 Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H 19,288,932 19,426
  China Merchants Energy Shipping Co. Ltd. Class A 7,560,103 19,412
  Yantai Jereh Oilfield Services Group Co. Ltd. Class A 964,124 19,378
  China United Network Communications Ltd. Class A 29,190,314 19,357
  Beijing Enterprises Water Group Ltd. 54,746,691 19,342
  Jiangsu Hengli Hydraulic Co. Ltd. Class A 1,237,039 19,145
  Zangge Mining Co. Ltd. Class A 1,450,700 19,128
* Tianqi Lithium Corp. Class A 1,621,840 19,124
*,2 Phancy Group Co. Ltd. Class H 3,906,100 18,833
  Yankuang Energy Group Co. Ltd. Class A 5,625,717 18,820
  China Jushi Co. Ltd. Class A 3,704,858 18,805
  Baoshan Iron & Steel Co. Ltd. Class A 20,216,278 18,704
  New China Life Insurance Co. Ltd. Class A 1,969,625 18,657
*,1,2 CStone Pharmaceuticals 15,500,000 18,616
  Ningbo Deye Technology Co. Ltd. Class A 840,836 18,614
  TBEA Co. Ltd. Class A 4,673,375 18,498
  China Communications Services Corp. Ltd. Class H 33,378,821 18,362
  Yuanjie Semiconductor Technology Co. Ltd. Class A 78,528 18,323
  Haier Smart Home Co. Ltd. Class A 5,790,407 18,295
  Qfin Holdings Inc. Class A ADR 1,398,030 18,286
7

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  China Tungsten & Hightech Materials Co. Ltd. Class A 2,120,258 18,222
  China Minsheng Banking Corp. Ltd. Class A 33,546,490 18,177
*,1,2 NetEase Cloud Music Inc. 1,225,850 18,103
* Shanghai Electric Group Co. Ltd. Class H 35,885,315 17,940
  Shenzhen International Holdings Ltd. 18,883,478 17,901
  Bank of Shanghai Co. Ltd. Class A 13,028,694 17,875
*,1,2 China Literature Ltd. 5,594,564 17,695
  GF Securities Co. Ltd. Class A 5,670,641 17,679
*,1,2 Ping An Healthcare & Technology Co. Ltd. 12,684,195 17,543
  Lens Technology Co. Ltd. Class A 4,593,154 17,500
  Bank of Hangzhou Co. Ltd. Class A 6,863,660 17,480
  Sharetronic Data Technology Co. Ltd. Class A 453,208 17,412
* Nine Dragons Paper Holdings Ltd. 21,287,910 17,288
2 Greentown China Holdings Ltd. 13,988,719 17,278
  Shandong Gold Mining Co. Ltd. Class A 3,404,280 17,272
1 Simcere Pharmaceutical Group Ltd. 11,356,000 17,235
  Zhejiang Huayou Cobalt Co. Ltd. Class A 1,750,293 17,235
  Zhongjin Gold Corp. Ltd. Class A 4,491,583 17,225
1 China Resources Pharmaceutical Group Ltd. 25,576,626 17,169
  SAIC Motor Corp. Ltd. Class A 8,463,978 17,140
1 CSC Financial Co. Ltd. Class H 11,505,000 17,115
* Biwin Storage Technology Co. Ltd. Class A 431,931 17,083
  Guangzhou Tinci Materials Technology Co. Ltd. Class A 1,907,678 16,978
* LONGi Green Energy Technology Co. Ltd. Class A 7,011,162 16,967
  Piotech Inc. Class A 258,523 16,951
  China Tourism Group Duty Free Corp. Ltd. Class A 1,757,710 16,950
2 China Everbright Bank Co. Ltd. Class H 42,463,956 16,832
*,2 Microport Scientific Corp. 14,944,943 16,788
  Shenzhen Techwinsemi Technology Co. Ltd. Class A 214,080 16,785
2 AviChina Industry & Technology Co. Ltd. Class H 38,045,476 16,760
  AECC Aviation Power Co. Ltd. Class A 2,453,563 16,653
  Inner Mongolia BaoTou Steel Union Co. Ltd. Class A 41,970,365 16,647
*,2 REPT BATTERO Energy Co. Ltd. Class H 7,248,600 16,425
  Hgtech Co. Ltd. Class A 933,700 16,404
  China Merchants Securities Co. Ltd. Class A 7,061,160 16,290
  OmniVision Integrated Circuits Group Inc. 1,119,320 16,191
  Fosun International Ltd. 30,741,125 16,185
  China Three Gorges Renewables Group Co. Ltd. Class A 26,793,836 16,058
  Fuyao Glass Industry Group Co. Ltd. Class A 1,853,129 16,037
  XCMG Construction Machinery Co. Ltd. Class A 10,977,931 16,037
  TravelSky Technology Ltd. Class H 12,898,867 15,970
  Beijing Kingsoft Office Software Inc. Class A 430,062 15,926
  Sinopec Engineering Group Co. Ltd. Class H 19,805,564 15,920
  Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H 6,451,609 15,834
2 Sunshine Insurance Group Co. Ltd. Class H 34,238,500 15,813
  Dongfang Electric Corp. Ltd. Class A 2,755,211 15,807
  Accelink Technologies Co. Ltd. Class A 741,948 15,796
  Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A 2,273,214 15,759
  Jiangsu Zhongtian Technology Co. Ltd. Class A 3,166,727 15,452
  China CITIC Bank Corp. Ltd. Class A 12,385,061 15,237
  Yihai International Holding Ltd. 7,219,648 15,185
  Uni-President China Holdings Ltd. 16,457,000 15,148
*,2 Black Sesame International Holding Ltd. 6,672,900 15,136
  Iflytek Co. Ltd. Class A 2,144,449 15,105
  Yunnan Aluminium Co. Ltd. Class A 3,208,852 15,085
  Shenwan Hongyuan Group Co. Ltd. Class A 21,596,762 15,029
  Hangzhou Chang Chuan Technology Co. Ltd. Class A 585,575 15,000
2 SF Holding Co. Ltd. Class H 3,298,400 14,974
2 Shandong Weigao Group Medical Polymer Co. Ltd. Class H 33,764,244 14,881
  Bank of Beijing Co. Ltd. Class A 19,136,035 14,831
  Wens Foodstuff Group Co. Ltd. Class A 6,159,942 14,823
  Autohome Inc. ADR 786,890 14,660
*,2 Air China Ltd. Class H 24,331,808 14,636
  China Reinsurance Group Corp. Class H 92,502,940 14,586
* Guangdong HEC Technology Holding Co. Ltd. Class A 2,785,751 14,542
  China International Capital Corp. Ltd. Class A 2,881,900 14,514
  Fufeng Group Ltd. 17,270,495 14,481
  Ningbo Tuopu Group Co. Ltd. Class A 1,610,936 14,365
  Zhejiang NHU Co. Ltd. Class A 2,808,686 14,338
  Eastroc Beverage Group Co. Ltd. Class A 479,302 14,311
8

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Sinotrans Ltd. Class H 21,911,836 14,297
2 Mao Geping Cosmetics Co. Ltd. Class H 1,548,200 14,297
  Han's Laser Technology Industry Group Co. Ltd. Class A 960,523 14,285
  China Railway Group Ltd. Class A 19,108,853 14,234
  Brilliance China Automotive Holdings Ltd. 40,668,000 14,192
2 Datang International Power Generation Co. Ltd. Class H 41,096,046 14,192
*,2 Lifetech Scientific Corp. 51,039,059 14,141
2 Shanghai Conant Optical Co. Ltd. Class H 2,344,200 14,117
  Daqin Railway Co. Ltd. Class A 18,254,280 14,083
* Anhui Jianghuai Automobile Group Corp. Ltd. Class A 2,022,229 14,059
  IEIT Systems Co. Ltd. Class A 1,365,150 14,031
  Anhui Gujing Distillery Co. Ltd. Class B 1,659,461 14,018
*,1 Evergrande Property Services Group Ltd. 71,839,500 14,013
2 Hisense Home Appliances Group Co. Ltd. Class H 4,759,000 14,009
  Lingyi iTech Guangdong Co. Class A 6,739,800 13,995
* Shanghai Electric Group Co. Ltd. Class A 11,766,230 13,983
  SDIC Power Holdings Co. Ltd. Class A 6,994,805 13,950
  CSC Financial Co. Ltd. Class A 4,101,945 13,867
  Hengli Petrochemical Co. Ltd. Class A 4,233,950 13,757
  Aier Eye Hospital Group Co. Ltd. Class A 8,627,118 13,631
  Rongsheng Petrochemical Co. Ltd. Class A 6,642,348 13,602
2 Chinasoft International Ltd. 30,543,155 13,549
  Satellite Chemical Co. Ltd. Class A 3,120,362 13,542
  Huaxia Bank Co. Ltd. Class A 13,365,131 13,479
  Zhejiang Juhua Co. Ltd. Class A 2,502,502 13,477
1,2 China Tourism Group Duty Free Corp. Ltd. Class H 1,653,500 13,468
  Shandong Hongqiao Aluminum Industry Holding Co. Ltd. Class A 3,640,900 13,368
  Goldwind Science & Technology Co. Ltd. Class A 3,283,626 13,320
  Chifeng Jilong Gold Mining Co. Ltd. Class H 2,822,000 13,284
  Jiangxi Copper Co. Ltd. Class A 1,966,007 13,233
  Consun Pharmaceutical Group Ltd. 6,382,000 13,224
  Shanghai Pharmaceuticals Holding Co. Ltd. Class H 8,751,126 13,186
  Power Construction Corp. of China Ltd. Class A 15,875,610 13,022
1,2 Pharmaron Beijing Co. Ltd. Class H 4,801,623 12,964
  China Coal Energy Co. Ltd. Class A 4,693,962 12,866
  China International Marine Containers Group Co. Ltd. Class H 9,302,166 12,811
  Canmax Technologies Co. Ltd. Class A 785,175 12,754
  China Energy Engineering Corp. Ltd. Class A 30,663,856 12,729
  Henan Shuanghui Investment & Development Co. Ltd. Class A 3,132,776 12,728
1 Topsports International Holdings Ltd. 33,112,000 12,691
  Yunnan Baiyao Group Co. Ltd. Class A 1,625,857 12,645
  Sinoma Science & Technology Co. Ltd. Class A 1,554,639 12,643
2 Huadian Power International Corp. Ltd. Class H 23,203,909 12,618
1 Genertec Universal Medical Group Co. Ltd. 16,988,668 12,613
  Shenzhen Envicool Technology Co. Ltd. Class A 900,148 12,589
  China Zheshang Bank Co. Ltd. Class H 40,071,000 12,484
  Universal Scientific Industrial Shanghai Co. Ltd. Class A 2,234,270 12,447
  Xiamen Tungsten Co. Ltd. Class A 1,461,859 12,438
  Huaqin Co. Ltd. Class A 811,560 12,392
*,2 Country Garden Holdings Co. Ltd. 331,216,000 12,373
* Suzhou Centec Communications Co. Ltd. Class A 259,481 12,362
  Unisplendour Corp. Ltd. Class A 2,620,623 12,349
*,2 China Eastern Airlines Corp. Ltd. Class H 24,937,558 12,336
  China Galaxy Securities Co. Ltd. Class A 6,516,695 12,246
  Shanghai United Imaging Healthcare Co. Ltd. Class A 759,065 12,237
* China Southern Airlines Co. Ltd. Class H 23,967,638 12,191
  GoerTek Inc. Class A 3,357,332 12,170
*,2 Damai Entertainment Holdings Ltd. 162,219,250 12,142
  Shenzhen Sunway Communication Co. Ltd. Class A 903,349 12,129
  Focus Media Information Technology Co. Ltd. Class A 13,097,248 12,080
* Jiangsu Eastern Shenghong Co. Ltd. Class A 6,187,477 12,060
  Shengyi Electronics Co. Ltd. Class A 735,690 11,966
  TCL Technology Group Corp. Class A 19,062,494 11,939
  COSCO SHIPPING Energy Transportation Co. Ltd. Class A 3,760,900 11,866
* FIH Mobile Ltd. 3,697,600 11,856
*,2 WellCell Holdings Co. Ltd. 29,660,800 11,853
  CIMC Enric Holdings Ltd. 8,773,019 11,775
*,2 China Vanke Co. Ltd. Class H 30,349,600 11,642
  Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A 548,971 11,535
  Shanghai Rural Commercial Bank Co. Ltd. Class A 8,762,100 11,507
9

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Daqo New Energy Corp. ADR 596,962 11,474
  China Suntien Green Energy Corp. Ltd. Class H 23,232,823 11,401
* Kuang-Chi Technologies Co. Ltd. Class A 1,973,404 11,356
  Tuya Inc. ADR 4,933,759 11,348
  Xtep International Holdings Ltd. 20,652,291 11,343
* Air China Ltd. Class A 11,468,975 11,325
  Anhui Expressway Co. Ltd. Class H 5,584,097 11,322
  Shanghai Industrial Holdings Ltd. 5,750,289 11,320
  Tongling Nonferrous Metals Group Co. Ltd. Class A 12,423,000 11,304
  Lonking Holdings Ltd. 26,541,868 11,299
1 China Railway Signal & Communication Corp. Ltd. Class H 24,232,798 11,276
  Anhui Conch Cement Co. Ltd. Class A 3,639,864 11,273
  Yutong Bus Co. Ltd. Class A 2,172,314 11,267
  GD Power Development Co. Ltd. Class A 16,180,031 11,233
  Guangdong Haid Group Co. Ltd. Class A 1,527,326 11,174
  JCET Group Co. Ltd. Class A 1,652,695 11,125
  Shannon Semiconductor Technology Co. Ltd. Class A 427,113 11,063
  Shandong Hualu Hengsheng Chemical Co. Ltd. Class A 1,959,062 11,049
  RoboTechnik Intelligent Technology Co. Ltd. Class A 154,900 11,046
* Yunnan Energy New Material Group Co. Ltd. Class A 902,835 11,039
* Abbisko Cayman Ltd. 6,573,000 10,943
  COSCO SHIPPING Ports Ltd. 15,671,359 10,933
2 Guangzhou Automobile Group Co. Ltd. Class H 30,162,820 10,918
  CGN Power Co. Ltd. Class A 16,110,700 10,815
  Greentown Service Group Co. Ltd. 18,397,032 10,780
1,2 China Merchants Securities Co. Ltd. Class H 6,118,856 10,776
  China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A 8,433,660 10,748
  360 Security Technology Inc. Class A 6,516,595 10,701
  People's Insurance Co. Group of China Ltd. Class A 10,118,699 10,682
  Tianshan Aluminum Group Co. Ltd. Class A 4,335,470 10,660
* Tongwei Co. Ltd. Class A 4,158,685 10,659
  Bank of Chengdu Co. Ltd. Class A 3,796,135 10,646
2 Tongguan Gold Group Ltd. 28,894,000 10,631
  Hunan Yuneng New Energy Battery Material Co. Ltd. Class A 704,500 10,621
  TongFu Microelectronics Co. Ltd. Class A 1,388,579 10,549
  Huadian New Energy Group Co. Ltd. Class A 11,638,521 10,529
  Shanghai Putailai New Energy Technology Group Co. Ltd. 1,970,444 10,505
  CNPC Capital Co. Ltd. Class A 7,540,391 10,442
  Chongqing Changan Automobile Co. Ltd. Class A 7,465,202 10,427
  Inner Mongolia Xingye Silver&Tin Mining Co. Ltd. Class A 1,646,472 10,389
  Rockchip Electronics Co. Ltd. Class A 383,900 10,362
*,2 Shenzhen Dobot Corp. Ltd. Class H 2,536,600 10,357
*,1,2 Tuhu Car Inc. Class A 6,046,700 10,307
2 China Energy Engineering Corp. Ltd. Class H 62,134,211 10,292
  EverProX Technologies Co. Ltd. Class A 272,600 10,265
  Sichuan Chuantou Energy Co. Ltd. Class A 4,571,876 10,255
  Shoucheng Holdings Ltd. 49,003,211 10,191
2 China Traditional Chinese Medicine Holdings Co. Ltd. 46,952,802 10,173
* China Eastern Airlines Corp. Ltd. Class A 15,891,726 10,074
  Hello Group Inc. Class A ADR 1,613,332 10,067
  China Tobacco International HK Co. Ltd. 2,623,000 10,058
*,2 Mixue Group Class H 272,600 10,035
  Dazhong Mining Co. Ltd. Class A 1,304,357 10,013
  Jiangsu Yanghe Distillery Co. Ltd. Class A 1,387,670 10,009
1 Orient Securities Co. Ltd. Class H 12,577,600 9,998
  YTO Express Group Co. Ltd. Class A 3,160,306 9,958
  Zhejiang Dahua Technology Co. Ltd. Class A 3,652,913 9,937
  Poly Developments & Holdings Group Co. Ltd. Class A 11,022,122 9,931
  JinkoSolar Holding Co. Ltd. ADR 424,848 9,920
*,2 Global New Material International Holdings Ltd. 9,156,000 9,909
  China Water Affairs Group Ltd. 15,682,149 9,902
  Shanjin International Gold Co. Ltd. Class A 2,577,833 9,902
  China Resources Microelectronics Ltd. Class A 1,184,498 9,884
1,2 Shenwan Hongyuan Group Co. Ltd. Class H 27,577,600 9,863
  Shougang Fushan Resources Group Ltd. 27,757,800 9,847
  Zhejiang China Commodities City Group Co. Ltd. Class A 5,033,731 9,810
  Henan Shenhuo Coal Industry & Electricity Power Co. Ltd. Class A 2,064,200 9,789
*,1,2 Luye Pharma Group Ltd. 29,617,956 9,784
  Western Mining Co. Ltd. Class A 2,228,200 9,740
3 Orient Securities Co. Ltd. Class A 7,067,671 9,734
10

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Weibo Corp. Class A 1,168,566 9,675
  Shanghai Baosight Software Co. Ltd. Class B 9,821,907 9,645
* Seazen Group Ltd. 33,842,101 9,642
  Inner Mongolia Dian Tou Energy Corp. Ltd. Class A 2,024,002 9,626
* National Silicon Industry Group Co. Ltd. Class A 3,156,009 9,598
2 Yuexiu Property Co. Ltd. 19,237,431 9,577
  Shenzhen Kinwong Electronic Co. Ltd. Class A 915,456 9,535
*,1,2 Shanghai Junshi Biosciences Co. Ltd. Class H 2,811,997 9,534
*,1,2 Weimob Inc. 50,610,000 9,520
*,2 Grand Pharmaceutical Group Ltd. 11,845,710 9,462
*,1,2 Jinxin Fertility Group Ltd. 30,794,000 9,441
  Hwatsing Technology Co. Ltd. Class A 321,864 9,372
  Sanan Optoelectronics Co. Ltd. Class A 4,662,542 9,352
  Shandong Himile Mechanical Science & Technology Co. Ltd. Class A 728,457 9,351
  Zhejiang Chint Electrics Co. Ltd. Class A 1,944,446 9,347
  Chifeng Jilong Gold Mining Co. Ltd. Class A 1,663,288 9,342
1 Qingdao Port International Co. Ltd. Class H 9,536,915 9,333
* China Southern Airlines Co. Ltd. Class A 11,733,411 9,312
* Jinko Solar Co. Ltd. Class A 9,507,900 9,298
* Skyverse Technology Co. Ltd. Class A 319,713 9,259
  Sihuan Pharmaceutical Holdings Group Ltd. 56,518,595 9,250
  Nexchip Semiconductor Corp. Class A 1,852,463 9,234
2 China Everbright Ltd. 11,502,100 9,223
  Suzhou Maxwell Technologies Co. Ltd. Class A 261,585 9,218
2 JF SmartInvest Holdings Ltd. 1,999,900 9,211
  Chongqing Changan Automobile Co. Ltd. Class B 18,818,331 9,208
* Loongson Technology Corp. Ltd. Class A 375,669 9,184
  Guosen Securities Co. Ltd. Class A 5,820,762 9,156
  China Overseas Property Holdings Ltd. 17,972,311 9,154
* Newborn Town Inc. 7,751,729 9,141
  Raytron Technology Co. Ltd. Class A 423,045 9,081
  Founder Securities Co. Ltd. Class A 8,608,803 9,075
  Yunnan Yuntianhua Co. Ltd. Class A 1,704,930 9,061
  Anker Innovations Technology Co. Ltd. Class A 489,660 9,023
  Eve Energy Co. Ltd. Class A 842,292 9,010
  Shanghai International Airport Co. Ltd. Class A 2,252,768 8,998
  Shenzhen Transsion Holdings Co. Ltd. Class A 1,060,341 8,977
* CICT Mobile Communication Technology Co. Ltd. Class A 3,109,504 8,944
  Sinomine Resource Group Co. Ltd. Class A 668,872 8,942
  Zhongsheng Group Holdings Ltd. 9,783,406 8,931
*,1 Legend Holdings Corp. Class H 7,337,514 8,919
*,1 Alphamab Oncology 6,686,000 8,888
* Suzhou Everbright Photonics Co. Ltd. Class A 171,509 8,886
  Poly Property Services Co. Ltd. Class H 2,215,800 8,877
* Hainan Airlines Holding Co. Ltd. Class A 39,994,800 8,850
  Sinofert Holdings Ltd. 44,216,032 8,848
* Sichuan Huafeng Technology Co. Ltd. Class A 441,360 8,839
  Shenzhen Megmeet Electrical Co. Ltd. Class A 496,375 8,830
  Gotion High-tech Co. Ltd. Class A 1,633,369 8,828
  Bank of Chongqing Co. Ltd. Class H 8,288,566 8,814
  Unigroup Guoxin Microelectronics Co. Ltd. Class A 769,471 8,772
1,2 Hangzhou Tigermed Consulting Co. Ltd. Class H 1,694,500 8,770
*,1,2 China Youran Dairy Group Ltd. 17,765,000 8,740
  Fiberhome Telecommunication Technologies Co. Ltd. Class A 1,269,438 8,738
* Chongqing Polycomp International Corp. Class A 3,692,100 8,721
1,2 ZJLD Group Inc. 8,349,600 8,703
* Dosilicon Co. Ltd. Class A 407,578 8,684
* Grace Fabric Technology Co. Ltd. Class A 491,100 8,680
  Giant Network Group Co. Ltd. Class A 1,801,200 8,677
* China Greatwall Technology Group Co. Ltd. Class A 2,988,788 8,672
  Jiangsu Etern Co. Ltd. Class A 1,382,370 8,640
  Lens Technology Co. Ltd. Class H 3,975,200 8,630
  Shandong Nanshan Aluminum Co. Ltd. Class A 10,885,913 8,617
* Sichuan Biokin Pharmaceutical Co. Ltd. Class A 215,069 8,604
  Huaneng Power International Inc. Class A 8,384,591 8,588
1,2 Yixin Group Ltd. 35,187,500 8,541
  China Zheshang Bank Co. Ltd. Class A 19,627,610 8,533
* Kunlun Tech Co. Ltd. Class A 1,184,287 8,531
* Wuhan Guide Infrared Co. Ltd. Class A 3,910,544 8,523
2 Onewo Inc. Class H 3,935,500 8,521
11

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Lao Feng Xiang Co. Ltd. Class B 2,638,645 8,510
* Bluefocus Intelligent Communications Group Co. Ltd. Class A 3,368,586 8,492
  Huizhou Desay Sv Automotive Co. Ltd. Class A 558,400 8,480
  Delton Technology Guangzhou Inc. Class A 351,900 8,479
  Hubei Dinglong Co. Ltd. Class A 922,708 8,468
  Great Wall Motor Co. Ltd. Class A 2,880,900 8,408
  Advanced Fiber Resources Zhuhai Ltd. Class A 238,655 8,396
  SUPCON Technology Co. Ltd. Class A 712,610 8,309
  China Overseas Grand Oceans Group Ltd. 22,842,142 8,306
*,3 New Horizon Health Ltd. 4,595,000 8,295
2 West China Cement Ltd. 25,406,438 8,223
  Metallurgical Corp. of China Ltd. Class H 40,274,885 8,213
  Chongqing Rural Commercial Bank Co. Ltd. Class A 7,709,300 8,210
  Beijing Compass Technology Development Co. Ltd. Class A 565,575 8,195
* Hua Hong Semiconductor Ltd. Class A 390,891 8,174
1 Angelalign Technology Inc. 713,393 8,149
* VOYAH Automobile Technology Co. Ltd. Class H 10,614,990 8,131
  Ingenic Semiconductor Co. Ltd. Class A 442,316 8,125
  Yealink Network Technology Corp. Ltd. Class A 1,510,446 8,087
  Anhui Tongguan Copper Foil Group Co. Ltd. Class A 696,000 8,083
  JNBY Design Ltd. 2,957,500 8,080
  Hubei Feilihua Quartz Glass Co. Ltd. Class A 501,224 8,073
* Lufax Holding Ltd. ADR 4,221,928 8,064
  Yunnan Tin Co. Ltd. Class A 1,543,199 8,064
* iQIYI Inc. ADR 6,822,888 8,051
  China XD Electric Co. Ltd. Class A 3,219,507 8,019
  Wolong Electric Group Co. Ltd. Class A 1,437,939 7,993
  Everbright Securities Co. Ltd. Class A 3,577,220 7,976
  CNGR Advanced Material Co. Ltd. Class A 847,740 7,963
  Henan Shijia Photons Technology Co. Ltd. Class A 404,635 7,916
  Guocheng Mining Co. Ltd. Class A 1,048,500 7,908
  Huafon Chemical Co. Ltd. Class A 4,580,566 7,905
  Huayu Automotive Systems Co. Ltd. Class A 2,887,793 7,898
* QuantumCTek Co. Ltd. Class A 93,691 7,874
  Hengyi Petrochemical Co. Ltd. Class A 3,023,300 7,828
  Tongkun Group Co. Ltd. Class A 2,202,499 7,824
* China Rare Earth Resources & Technology Co. Ltd. Class A 974,500 7,810
  Huadong Medicine Co. Ltd. Class A 1,587,847 7,781
* United Nova Technology Co. Ltd. Class A 7,619,591 7,733
  Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A 1,432,596 7,730
  Baiyin Nonferrous Group Co. Ltd. Class A 6,893,700 7,729
  China Lesso Group Holdings Ltd. 12,947,317 7,701
  Jinduicheng Molybdenum Co. Ltd. Class A 2,660,540 7,671
* Sunshine Lake Pharma Co. Ltd. Class H 1,454,878 7,652
2 Weilong Delicious Global Holdings Ltd. 6,256,400 7,610
  Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A 1,009,953 7,607
  Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A 1,211,692 7,584
  SG Micro Corp. Class A 558,951 7,566
  Dajin Heavy Industry Co. Ltd. Class A 610,500 7,539
* Chengxin Lithium Group Co. Ltd. Class A 858,574 7,530
  Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A 2,053,288 7,505
  Sichuan Road & Bridge Group Co. Ltd. Class A 6,253,591 7,503
* Yihai Kerry Arawana Holdings Co. Ltd. Class A 1,787,863 7,483
  Huaxin Building Materials Group Co. Ltd. Class H 3,511,800 7,463
2 Tiangong International Co. Ltd. 17,007,224 7,448
  Sichuan Kelun Pharmaceutical Co. Ltd. Class A 1,463,412 7,417
  China BlueChemical Ltd. Class H 21,434,568 7,397
  CSI Solar Co. Ltd. Class A 3,436,254 7,326
  Wanxiang Qianchao Co. Ltd. Class A 3,064,079 7,273
  Tsingtao Brewery Co. Ltd. Class A 781,913 7,260
  Maxscend Microelectronics Co. Ltd. Class A 495,057 7,237
  ENN Natural Gas Co. Ltd. Class A 2,438,200 7,237
  Anhui Yingliu Electromechanical Co. Ltd. Class A 647,980 7,215
2 Gushengtang Holdings Ltd. 1,897,500 7,194
  Sinopec Shanghai Petrochemical Co. Ltd. Class H 43,110,131 7,187
*,1,2 Yidu Tech Inc. 9,107,000 7,171
  Shenzhen Kedali Industry Co. Ltd. Class A 253,900 7,148
  Shenzhen Capchem Technology Co. Ltd. Class A 700,720 7,140
  Zoomlion Heavy Industry Science & Technology Co. Ltd. Class A 6,113,422 7,139
  Guangdong Dtech Technology Co. Ltd. Class A 204,355 7,106
12

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Vnet Group Inc. Class A ADR 854,763 7,103
  Zhongtai Securities Co. Ltd. Class A 7,970,170 7,042
2 Tianneng Power International Ltd. 9,550,156 7,021
1,2 Blue Moon Group Holdings Ltd. 17,305,500 7,021
* Chongqing Afari Technology Co. Ltd. Class A 4,261,100 7,017
  Livzon Pharmaceutical Group Inc. Class H 1,943,653 6,987
  Haisco Pharmaceutical Group Co. Ltd. Class A 813,164 6,980
  FinVolution Group ADR 1,405,692 6,972
  China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A 5,060,612 6,969
* Asia - Potash International Investment Guangzhou Co. Ltd. Class A 876,850 6,969
  Industrial Securities Co. Ltd. Class A 7,788,751 6,938
* Jiujiang Defu Technology Co. Ltd. Class A 623,300 6,926
  Hundsun Technologies Inc. Class A 1,743,439 6,881
  Caitong Securities Co. Ltd. Class A 5,660,695 6,872
* Sichuan Hongda Co. Ltd. Class A 2,573,900 6,871
  Fulin Precision Co. Ltd. Class A 1,656,960 6,870
  China National Chemical Engineering Co. Ltd. Class A 5,441,422 6,864
*,2 COFCO Joycome Foods Ltd. 39,021,000 6,860
  Metallurgical Corp. of China Ltd. Class A 15,873,243 6,848
  Sunwoda Electronic Co. Ltd. Class A 1,691,280 6,847
  China Datang Corp. Renewable Power Co. Ltd. Class H 35,127,000 6,846
*,2 DPC Dash Ltd. 1,057,000 6,829
  CIG Shanghai Co. Ltd. Class A 265,100 6,826
  Shenzhen MTC Co. Ltd. Class A 4,195,955 6,821
  Neway Valve Suzhou Co. Ltd. Class A 735,909 6,788
  Sangfor Technologies Inc. Class A 391,879 6,773
  Konfoong Materials International Co. Ltd. Class A 255,276 6,769
  COSCO SHIPPING Development Co. Ltd. Class H 47,370,927 6,725
* Founder Technology Group Corp. Class A 3,885,000 6,708
* Shanghai Stonehill Technology Co. Ltd. Class A 5,275,454 6,695
  Zhejiang Zheneng Electric Power Co. Ltd. Class A 8,008,343 6,693
  Lee & Man Paper Manufacturing Ltd. 15,416,000 6,670
*,1,2 Hygeia Healthcare Holdings Co. Ltd. 4,529,884 6,669
  Huadian Power International Corp. Ltd. Class A 9,107,240 6,658
  Shanghai International Port Group Co. Ltd. Class A 9,085,334 6,656
  Poly Property Group Co. Ltd. 26,888,038 6,647
  Hangzhou First Applied Material Co. Ltd. Class A 2,409,926 6,635
* EHang Holdings Ltd. ADR 678,203 6,619
* Remegen Co. Ltd. Class A 345,875 6,605
  Kingsemi Co. Ltd. Class A 192,861 6,598
  Shanghai Baosight Software Co. Ltd. Class A 1,978,306 6,592
  Beijing Sifang Automation Co. Ltd. Class A 796,339 6,573
  Shanghai Electric Power Co. Ltd. Class A 2,632,823 6,567
* Beijing Huafeng Test & Control Technology Co. Ltd. Class A 127,132 6,542
  Shenzhen Fastprint Circuit Tech Co. Ltd. Class A 1,601,600 6,533
  Hangzhou Silan Microelectronics Co. Ltd. Class A 1,531,970 6,517
  Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A 2,748,002 6,514
  Pharmaron Beijing Co. Ltd. Class A 1,505,408 6,498
* Beijing Capital International Airport Co. Ltd. Class H 26,656,447 6,484
  Shenzhen Honor Electronic Co. Ltd. Class A 107,856 6,477
  Geovis Technology Co. Ltd. Class A 776,683 6,471
*,2 Flat Glass Group Co. Ltd. Class H 5,642,000 6,459
  Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A 626,595 6,454
  Empyrean Technology Co. Ltd. Class A 494,200 6,454
  Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. Class A 7,835,200 6,430
  BOE Technology Group Co. Ltd. Class B 12,842,241 6,388
  Huaneng Lancang River Hydropower Inc. Class A 4,579,900 6,376
  37 Interactive Entertainment Network Technology Group Co. Ltd. Class A 2,007,867 6,344
*,2 Skyworth Group Ltd. 7,857,212 6,317
  Kingfa Sci & Tech Co. Ltd. Class A 2,499,323 6,305
  Hunan Gold Corp. Ltd. Class A 1,467,792 6,304
  GEM Co. Ltd. Class A 4,666,040 6,288
  First Tractor Co. Ltd. Class H 5,331,706 6,282
  Sichuan Expressway Co. Ltd. Class H 8,301,276 6,253
  Zhejiang Crystal-Optech Co. Ltd. Class A 1,284,292 6,243
2 China Resources Beverage Holdings Co. Ltd. 5,599,800 6,234
* Talkweb Information System Co. Ltd. Class A 1,190,156 6,225
  Haohua Chemical Science & Technology Co. Ltd. Class A 1,161,470 6,218
  Datang International Power Generation Co. Ltd. Class A 10,175,321 6,215
  Shenzhen Kaifa Technology Co. Ltd. Class A 1,435,100 6,195
13

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Towngas Smart Energy Co. Ltd. 13,688,000 6,191
  YongXing Special Materials Technology Co. Ltd. Class A 483,578 6,190
  Yunnan Chihong Zinc&Germanium Co. Ltd. Class A 4,680,962 6,190
* Optowide Technologies Co. Ltd. Class A 126,176 6,186
  Shenergy Co. Ltd. Class A 4,654,659 6,177
  Shanghai Pharmaceuticals Holding Co. Ltd. Class A 2,463,897 6,168
  Spring Airlines Co. Ltd. Class A 889,236 6,152
  Shenghe Resources Holding Co. Ltd. Class A 1,601,530 6,148
  Q Technology Group Co. Ltd. 5,856,424 6,146
  Yunnan Copper Co. Ltd. Class A 2,170,600 6,139
  Shenzhen Expressway Corp. Ltd. Class H 6,489,170 6,137
* Yangzijiang Financial Holding Ltd. 29,748,598 6,125
  Shenzhen Everwin Precision Technology Co. Ltd. Class A 1,246,712 6,122
1 China East Education Holdings Ltd. 9,027,500 6,120
* Amlogic Shanghai Co. Ltd. Class A 390,338 6,083
2 China Risun Group Ltd. 15,609,000 6,067
  Beijing Enlight Media Co. Ltd. Class A 2,782,603 6,047
* Maanshan Iron & Steel Co. Ltd. Class H 18,508,000 6,030
  Sailun Group Co. Ltd. Class A 2,949,675 6,028
  Leo Group Co. Ltd. Class A 6,333,011 6,023
  Guangshen Railway Co. Ltd. Class H 19,695,093 6,021
  Zhejiang Cfmoto Power Co. Ltd. Class A 149,400 6,021
1 AK Medical Holdings Ltd. 7,449,000 6,020
  Anhui Gujing Distillery Co. Ltd. Class A 383,081 6,016
  Changjiang Securities Co. Ltd. Class A 5,113,710 6,014
  Do-Fluoride New Materials Co. Ltd. Class A 1,122,990 6,012
  Chengtun Mining Group Co. Ltd. Class A 2,946,130 5,999
  Hebei Yangyuan Zhihui Beverage Co. Ltd. Class A 1,085,396 5,980
  Fujian Wanchen Food Group Co. Ltd. Class A 179,600 5,967
* JoulWatt Technology Co. Ltd. Class A 437,357 5,965
  Citic Pacific Special Steel Group Co. Ltd. Class A 2,650,899 5,932
  Zheshang Securities Co. Ltd. Class A 4,098,769 5,930
  Nanya New Material Technology Co. Ltd. Class A 230,375 5,927
  Hangzhou Tigermed Consulting Co. Ltd. Class A 726,449 5,906
  Anji Microelectronics Technology Shanghai Co. Ltd. Class A 160,148 5,906
* Guangzhou Great Power Energy & Technology Co. Ltd. Class A 464,949 5,899
  XTC New Energy Materials Xiamen Co. Ltd. Class A 484,389 5,892
  Beijing Jingneng Clean Energy Co. Ltd. Class H 20,801,531 5,889
  Infore Environment Technology Group Co. Ltd. Class A 2,942,026 5,877
2,3 Fu Shou Yuan International Group Ltd. 17,419,913 5,872
2 Shanghai Chicmax Cosmetic Co. Ltd. Class H 970,700 5,842
  Leader Harmonious Drive Systems Co. Ltd. Class A 176,402 5,834
  Guanghui Energy Co. Ltd. Class A 5,898,015 5,832
  Zhejiang Longsheng Group Co. Ltd. Class A 3,028,972 5,830
  L&K Engineering Suzhou Co. Ltd. Class A 210,300 5,821
  Puya Semiconductor Shanghai Co. Ltd. Class A 144,547 5,820
  Chongyi Zhangyuan Tungsten Industry Co. Ltd. Class A 1,159,800 5,786
* SICC Co. Ltd. Class A 389,276 5,773
  Hainan Airport Infrastructure Co. Ltd. Class A 10,866,600 5,765
  SDIC Capital Co. Ltd. Class A 5,851,128 5,762
* Wuhan Jingce Electronic Group Co. Ltd. Class A 269,353 5,756
  Goneo Group Co. Ltd. Class A 872,290 5,733
  Castech Inc. Class A 449,540 5,721
  Zhejiang Yinlun Machinery Co. Ltd. Class A 840,200 5,713
* ASR Microelectronics Co. Ltd. Class A 382,105 5,703
  Dongxing Securities Co. Ltd. Class A 2,936,214 5,700
  Sinopec Kantons Holdings Ltd. 10,952,075 5,696
  Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B 14,634,315 5,696
  Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H 2,653,825 5,689
  Beijing New Building Materials plc Class A 1,496,197 5,686
  Hainan Jinpan Smart Technology Co. Ltd. Class A 436,926 5,684
* Trina Solar Co. Ltd. Class A 2,227,988 5,682
  Hangzhou GreatStar Industrial Co. Ltd. 1,128,300 5,671
  Shanghai Allist Pharmaceuticals Co. Ltd. Class A 415,756 5,658
  Guobo Electronics Co. Ltd. Class A 313,044 5,645
  Guangzhou Guanggang Gases & Energy Co. Ltd. Class A 1,277,986 5,642
  Guangzhou Haige Communications Group Inc. Co. Class A 2,383,247 5,642
  China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A 1,486,164 5,641
  Western Superconducting Technologies Co. Ltd. Class A 592,494 5,636
  Guangdong Provincial Expressway Development Co. Ltd. Class B 4,869,436 5,625
14

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Sichuan EM Technology Co. Ltd. Class A 972,722 5,619
  Ningbo Orient Wires & Cables Co. Ltd. Class A 615,399 5,608
  Zhejiang Sanmei Chemical Industry Co. Ltd. Class A 584,493 5,602
  Sichuan Changhong Electric Co. Ltd. Class A 4,342,738 5,577
  Tianshui Huatian Technology Co. Ltd. Class A 2,888,819 5,574
  Zhejiang Hailiang Co. Ltd. Class A 2,101,916 5,549
  Jiangsu Yoke Technology Co. Ltd. Class A 440,700 5,539
  Yangzhou Yangjie Electronic Technology Co. Ltd. Class A 495,547 5,538
  Zhuzhou CRRC Times Electric Co. Ltd. Class A 776,432 5,525
  Hebei Sinopack Electronic Technology Co. Ltd. Class A 302,622 5,499
  Nanjing Securities Co. Ltd. Class A 5,096,010 5,499
  Qilu Bank Co. Ltd. Class A 5,873,172 5,494
  Wuxi Taclink Optoelectronics Technology Co. Ltd. Class A 154,097 5,489
  Shenyang Fortune Precision Equipment Co. Ltd. Class A 290,142 5,486
* Yonyou Network Technology Co. Ltd. Class A 3,190,326 5,479
  Shanghai BOCHU Electronic Technology Corp. Ltd. Class A 262,814 5,476
  Xinhua Winshare Publishing & Media Co. Ltd. Class H 4,132,000 5,469
  China Railway Signal & Communication Corp. Ltd. Class A 7,266,630 5,466
  Asymchem Laboratories Tianjin Co. Ltd. Class A 295,605 5,465
  Qingdao TGOOD Electric Co. Ltd. Class A 1,254,216 5,446
  Ningbo Joyson Electronic Corp. Class A 1,291,666 5,443
  LB Group Co. Ltd. Class A 2,194,367 5,440
2 China Modern Dairy Holdings Ltd. 32,335,299 5,439
  CGN New Energy Holdings Co. Ltd. 16,158,000 5,427
  Olympic Circuit Technology Co. Ltd. Class A 695,200 5,415
  JCHX Mining Management Co. Ltd. Class A 585,869 5,400
  Shanxi Coking Coal Energy Group Co. Ltd. Class A 5,235,065 5,392
* Xinjiang Daqo New Energy Co. Ltd. Class A 1,641,824 5,389
* BAIC BluePark New Energy Technology Co. Ltd. Class A 5,143,912 5,377
  Shandong Sun Paper Industry JSC Ltd. Class A 2,490,100 5,372
  Wangsu Science & Technology Co. Ltd. Class A 2,270,857 5,362
* Far East Smarter Energy Co. Ltd. Class A 2,137,960 5,345
  New Hope Liuhe Co. Ltd. Class A 4,173,245 5,341
  Zhejiang Sling Intelligent Drive Group Co. Ltd. 226,300 5,335
* China Vanke Co. Ltd. Class A 9,280,567 5,323
  Jiangsu Financial Leasing Co. Ltd. Class A 5,254,790 5,307
* Addsino Co. Ltd. Class A 1,473,000 5,299
  Ningbo Zhenyu Technology Co. Ltd. Class A 161,612 5,261
  SooChow Securities Co. Ltd. Class A 4,437,019 5,238
  Suzhou Kematek Inc. Class A 337,100 5,234
1 Linklogis Inc. Class B 16,697,500 5,218
  Health & Happiness H&H International Holdings Ltd. 2,844,451 5,213
  Bank of Changsha Co. Ltd. Class A 3,568,288 5,210
  Ginlong Technologies Co. Ltd. Class A 372,898 5,196
  Huaibei Mining Holdings Co. Ltd. Class A 2,393,100 5,192
  Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A 1,563,129 5,184
  Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A 731,741 5,175
* Wintime Energy Group Co. Ltd. Class A 19,876,200 5,167
  Goke Microelectronics Co. Ltd. Class A 196,649 5,160
  Kingnet Network Co. Ltd. Class A 1,947,732 5,154
* Beijing Yandong Microelectronic Co. Ltd. Class A 817,346 5,127
  China Resources Building Materials Technology Holdings Ltd. 29,617,076 5,126
  JL Mag Rare-Earth Co. Ltd. Class A 1,057,072 5,122
* Quzhou Xin'an Development Co. Ltd. Class A 7,659,354 5,115
  Isoftstone Information Technology Group Co. Ltd. Class A 879,000 5,102
  Intco Medical Technology Co. Ltd. Class A 609,870 5,096
  Bank of Suzhou Co. Ltd. Class A 4,084,070 5,092
  Shan Xi Hua Yang Group New Energy Co. Ltd. Class A 3,318,562 5,087
* Sensteed Hi-tech Group Class A 8,982,700 5,083
  Jiangsu Nata Opto-electronic Material Co. Ltd. Class A 668,176 5,059
* Hebei Changshan Biochemical Pharmaceutical Co. Ltd. Class A 833,100 5,054
  Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A 7,408,195 5,038
  Andon Health Co. Ltd. Class A 465,756 5,026
  Mango Excellent Media Co. Ltd. Class A 1,753,529 5,006
  Yuexiu Transport Infrastructure Ltd. 9,824,501 5,004
* Ningbo Shanshan Co. Ltd. Class A 2,043,858 5,001
  Shenzhen Huaqiang Industry Co. Ltd. Class A 921,536 5,001
  Beijing Tong Ren Tang Co. Ltd. Class A 1,227,694 4,991
  Circuit Fabology Microelectronics Equipment Co. Ltd. Class A 130,078 4,966
  Ecovacs Robotics Co. Ltd. Class A 518,287 4,964
15

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Hangcha Group Co. Ltd. Class A 1,243,812 4,960
  Guangzhou Yuexiu Capital Holdings Group Co. Ltd. Class A 3,749,570 4,956
* 3peak Inc. Class A 125,466 4,954
  Ming Yang Smart Energy Group Ltd. Class A 2,120,506 4,942
  CSPC Innovation Pharmaceutical Co. Ltd. Class A 1,107,674 4,933
  Smartsens Technology Shanghai Co. Ltd. Class A 380,548 4,929
* Tianfeng Securities Co. Ltd. Class A 9,345,260 4,929
  TDG Holdings Co. Ltd. Class A 1,202,500 4,928
  Sichuan Yahua Industrial Group Co. Ltd. Class A 1,093,200 4,917
  HMT Xiamen New Technical Materials Co. Ltd. Class A 327,900 4,904
  Shanghai Fudan Microelectronics Group Co. Ltd. Class A 489,561 4,902
  Hubei Energy Group Co. Ltd. Class A 6,856,245 4,886
  Hoshine Silicon Industry Co. Ltd. Class A 743,120 4,876
  Shanghai RAAS Blood Products Co. Ltd. Class A 5,970,999 4,862
  Beijing Yanjing Brewery Co. Ltd. Class A 2,491,180 4,853
  Guoyuan Securities Co. Ltd. Class A 4,495,710 4,853
  Hubei Xingfa Chemicals Group Co. Ltd. Class A 1,011,350 4,850
  Jiangsu Hoperun Software Co. Ltd. Class A 727,246 4,845
* TCL Zhonghuan Renewable Energy Technology Co. Ltd. Class A 3,805,500 4,842
  Jiangsu Boqian New Materials Stock Co. Ltd. Class A 250,300 4,838
  Guangzhou Automobile Group Co. Ltd. Class A 4,664,900 4,822
* JA Solar Technology Co. Ltd. Class A 3,010,420 4,809
  Gan & Lee Pharmaceuticals Co. Ltd. Class A 555,300 4,800
  Sichuan New Energy Power Co. Ltd. Class A 1,874,078 4,800
  All Winner Technology Co. Ltd. Class A 908,710 4,795
* Chongqing Zhifei Biological Products Co. Ltd. Class A 2,141,976 4,766
  Sun Art Retail Group Ltd. 25,598,500 4,763
  Keda Industrial Group Co. Ltd. Class A 1,677,400 4,761
* Everdisplay Optronics Shanghai Co. Ltd. Class A 14,316,718 4,752
  Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A 259,818 4,742
  Jinan Shengquan Group Share Holding Co. Ltd. Class A 823,700 4,733
* China National Software & Service Co. Ltd. Class A 853,758 4,732
  Zhejiang Weiming Environment Protection Co. Ltd. Class A 1,500,040 4,725
* Yonghui Superstores Co. Ltd. Class A 8,364,735 4,722
* Hunan Silver Co. Ltd. Class A 2,762,100 4,714
*,1 CanSino Biologics Inc. Class H 1,242,000 4,703
  Oriental Pearl Group Co. Ltd. Class A 3,191,389 4,691
  Sai Micro Electronics Inc. Class A 693,440 4,690
  Imeik Technology Development Co. Ltd. Class A 278,284 4,687
  China Great Wall Securities Co. Ltd. Class A 3,586,400 4,685
  Beijing Easpring Material Technology Co. Ltd. Class A 500,700 4,684
  Shaanxi Sirui Advanced Materials Co. Ltd. Class A 760,419 4,673
  Cathay Biotech Inc. Class A 660,442 4,657
  Changchun High-Tech Industry Group Co. Ltd. Class A 372,868 4,653
  GalaxyCore Inc. Class A 2,293,378 4,649
  Suzhou Tianmai Thermal Technology Co. Ltd. Class A 113,087 4,642
  ACM Research Shanghai Inc. Class A 203,724 4,641
  China Foods Ltd. 9,777,153 4,639
  Glarun Technology Co. Ltd. Class A 1,151,207 4,632
  Youngor Fashion Co. Ltd. Class A 4,107,180 4,624
* Shenzhen Intellifusion Technologies Co. Ltd. Class A 355,405 4,610
  Nantong Jianghai Capacitor Co. Ltd. Class A 814,808 4,605
  PAX Global Technology Ltd. 9,217,436 4,597
*,3 Wingtech Technology Co. Ltd. Class A 1,114,731 4,591
* Seazen Holdings Co. Ltd. Class A 2,118,373 4,590
  Dong-E-E-Jiao Co. Ltd. Class A 568,767 4,586
  Guolian Minsheng Securities Co. Ltd. Class A 3,236,000 4,579
*,3 Hopson Development Holdings Ltd. 13,568,793 4,573
  BOC International China Co. Ltd. Class A 2,502,027 4,568
* Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. Class A 791,064 4,566
  Shenzhen Han's CNC Technology Co. Ltd. Class A 168,960 4,564
  China Shineway Pharmaceutical Group Ltd. 3,675,885 4,561
  Western Metal Materials Co. Ltd. Class A 484,700 4,543
  Inner Mongolia Berun Chemical Co. Ltd. Class A 3,448,132 4,540
  Jiangsu King's Luck Brewery JSC Ltd. Class A 1,128,577 4,540
  Nanjing Iron & Steel Co. Ltd. Class A 5,732,200 4,530
  Red Avenue New Materials Group Co. Ltd. Class A 570,700 4,526
* Orbbec Inc. Class A 384,756 4,523
  Shenzhen YUTO Packaging Technology Co. Ltd. Class A 813,799 4,517
  Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A 4,531,850 4,514
16

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Jiangxi Jovo Energy Co. Ltd. Class A 670,400 4,486
* Guangxi Huaxi Nonferrous Metal Co. Ltd. Class A 598,400 4,476
  Kehua Data Co. Ltd. Class A 495,700 4,470
  Beijing HyperStrong Technology Co. Ltd. Class A 117,528 4,467
  Inner Mongolia ERDOS Resources Co. Ltd. Class B 3,385,306 4,461
  Loncin Motor Co. Ltd. Class A 1,978,850 4,453
  T&S Communications Co. Ltd. Class A 222,500 4,450
  Luxi Chemical Group Co. Ltd. Class A 1,772,508 4,441
2 SSY Group Ltd. 15,073,775 4,437
  APT Medical Inc. Class A 127,379 4,435
*,1,2 Hangzhou SF Intra-City Industrial Co. Ltd. Class H 3,299,000 4,422
* CCOOP Group Co. Ltd. Class A 17,214,100 4,422
  Jinneng Holding Shanxi Coal Industry Co. Ltd. Class A 1,558,935 4,422
* Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A 8,238,900 4,414
  Sinolink Securities Co. Ltd. Class A 3,343,200 4,410
1,2 Maoyan Entertainment 5,747,200 4,404
  Sunresin New Materials Co. Ltd. Class A 468,748 4,395
  Hisense Visual Technology Co. Ltd. Class A 1,168,562 4,389
  COFCO Sugar Holding Co. Ltd. Class A 1,989,349 4,385
  Jiangsu Xinquan Automotive Trim Co. Ltd. Class A 484,000 4,385
  First Capital Securities Co. Ltd. Class A 3,911,820 4,384
  Anjoy Foods Group Co. Ltd. Class A 272,798 4,380
* Shanghai Aiko Solar Energy Co. Ltd. Class A 1,932,134 4,380
  Goldenmax International Group Ltd. Class A 661,900 4,379
  Shanxi Securities Co. Ltd. Class A 5,277,020 4,377
* Xiamen Changelight Co. Ltd. Class A 896,400 4,370
*,1,2 Ocumension Therapeutics 4,583,215 4,358
  Shanghai Chlor-Alkali Chemical Co. Ltd. Class B 6,349,390 4,357
* Henan Zhongfu Industry Co. Ltd. Class A 3,819,400 4,355
  Cinda Securities Co. Ltd. Class A 1,749,900 4,351
  Kaishan Group Co. Ltd. Class A 961,008 4,350
* China First Heavy Industries Co. Ltd. Class A 6,516,775 4,347
  China Hainan Rubber Industry Group Co. Ltd. Class A 4,107,000 4,335
  Inner Mongolia ERDOS Resources Co. Ltd. Class A 1,886,414 4,334
  Western Region Gold Co. Ltd. Class A 900,700 4,331
  Linktel Technologies Co. Ltd. Class A 124,380 4,325
* Jiangxi Zhengbang Technology Co. Ltd. Class A 8,472,300 4,316
  Shenzhen SC New Energy Technology Corp. Class A 314,270 4,314
  Henan Pinggao Electric Co. Ltd. Class A 1,332,614 4,306
2 Xinyi Energy Holdings Ltd. 28,236,600 4,303
* Sinomach Heavy Equipment Group Co. Ltd. Class A 6,799,000 4,287
*,2 Xinte Energy Co. Ltd. Class H 5,108,000 4,267
  Ruijie Networks Co. Ltd. Class A 311,440 4,254
  Zhejiang Rongtai Electric Material Co. Ltd. Class A 349,100 4,251
  Angel Yeast Co. Ltd. Class A 771,781 4,249
*,1 BAIC Motor Corp. Ltd. Class H 23,749,593 4,236
  China Rare Earth Nonferrous Metals Co. Ltd. Class A 312,920 4,234
  HLA Group Corp. Ltd. Class A 4,369,110 4,232
  Hunan Valin Steel Co. Ltd. Class A 6,205,800 4,230
  Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A 302,933 4,218
1,2 Everbright Securities Co. Ltd. Class H 4,101,200 4,211
  Shanghai Mechanical & Electrical Industry Co. Ltd. Class B 3,135,457 4,210
  Wuhan Dameng Database Co. Ltd. Class A 108,130 4,205
* Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A 948,950 4,191
* China Education Group Holdings Ltd. 14,072,724 4,179
  Shanghai Zhenhua Heavy Industries Co. Ltd. Class B 15,380,677 4,172
  Hangzhou Oxygen Plant Group Co. Ltd. Class A 900,850 4,165
  Western Securities Co. Ltd. Class A 3,940,319 4,156
  Changshu Tianyin Electromechanical Co. Ltd. Class A 412,893 4,148
* Bohai Leasing Co. Ltd. Class A 6,012,900 4,134
  Offshore Oil Engineering Co. Ltd. Class A 4,157,270 4,124
2 China Resources Medical Holdings Co. Ltd. 11,274,789 4,116
  Qingdao East Steel Tower Stock Co. Ltd. Class A 1,165,800 4,111
  Shenzhen H&T Intelligent Control Co. Ltd. Class A 884,542 4,111
  Skshu Paint Co. Ltd. Class A 656,693 4,107
  Luster LightTech Co. Ltd. Class A 470,559 4,107
  Hangzhou Binjiang Real Estate Group Co. Ltd. Class A 2,928,817 4,099
  Zhejiang Taotao Vehicles Co. Ltd. Class A 103,250 4,099
  Sinomach Precision Industry Group Co. Ltd. Class A 533,700 4,099
  Jiangsu Leadmicro Nano Technology Co. Ltd. Class A 349,801 4,095
17

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Wuhan DR Laser Technology Corp. Ltd. Class A 264,901 4,075
* Youdao Inc. ADR 345,764 4,059
  Thunder Software Technology Co. Ltd. Class A 430,627 4,056
  Beijing Roborock Technology Co. Ltd. Class A 238,395 4,055
* Hangzhou Iron & Steel Co. Class A 3,149,486 4,049
  Jiangsu Yangnong Chemical Co. Ltd. Class A 381,300 4,049
  Hengdian Group DMEGC Magnetics Co. Ltd. Class A 1,447,700 4,041
  Shenzhen Topband Co. Ltd. Class A 2,570,000 4,039
  Beibuwan Port Co. Ltd. Class A 2,380,700 4,034
  Shenzhen Goodix Technology Co. Ltd. Class A 422,604 4,033
* OFILM Group Co. Ltd. Class A 3,150,625 4,032
* BeOne Medicines Ltd. Class A 116,013 4,026
  TangShan Port Group Co. Ltd. Class A 5,903,883 4,020
* Great Microwave Technology Co. Ltd. Class A 208,792 4,018
  Shenzhen SEICHI Technologies Co. Ltd. Class A 92,420 4,010
  Perfect World Co. Ltd. Class A 1,792,110 4,001
  Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A 930,515 3,996
  Jiangsu Dingsheng New Energy Materials Co. Ltd. Class A 910,460 3,989
  Tongling Jingda Special Magnet Wire Co. Ltd. Class A 2,080,063 3,986
  G-bits Network Technology Xiamen Co. Ltd. Class A 66,600 3,984
  Shenzhen Fortune Trend Technology Co. Ltd. Class A 243,397 3,982
* J-Yuan Trust Co. Ltd. Class A 9,212,800 3,976
* Shanghai Junshi Biosciences Co. Ltd. Class A 670,708 3,970
  Beijing Tricolor Technology Co. Ltd. Class A 190,339 3,968
  Guangdong Hongda Holdings Group Co. Ltd. Class A 740,258 3,950
  Espressif Systems Shanghai Co. Ltd. Class A 155,509 3,946
  GRG Banking Equipment Co. Ltd. Class A 2,300,350 3,938
  POCO Holding Co. Ltd. Class A 275,580 3,936
  Digital China Group Co. Ltd. Class A 704,901 3,917
*,1 China Bohai Bank Co. Ltd. Class H 34,462,490 3,914
  GCL Energy Technology Co. Ltd. Class A 1,499,000 3,907
  North Copper Co. Ltd. Class A 1,841,200 3,907
  Beijing Sinnet Technology Co. Ltd. Class A 1,664,946 3,906
  Jiangsu Pacific Quartz Co. Ltd. Class A 480,465 3,903
  Shanxi Coal International Energy Group Co. Ltd. Class A 1,887,900 3,897
1,2 AsiaInfo Technologies Ltd. 5,412,800 3,894
  China Southern Power Grid Energy Storage Co. Ltd. Class A 1,835,827 3,877
  Sigmastar Technology Ltd. Class A 318,700 3,870
  CNOOC Energy Technology & Services Ltd. Class A 5,960,600 3,870
  Ningbo Sanxing Medical Electric Co. Ltd. Class A 1,312,036 3,866
* Baoding Tianwei Baobian Electric Co. Ltd. Class A 1,751,501 3,863
  Guangdong Fenghua Advanced Technology Holding Co. Ltd. Class A 1,039,995 3,861
* Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A 1,525,675 3,861
  Shaanxi Energy Investment Co. Ltd. Class A 2,226,167 3,853
* Jushri Technologies Inc. Class A 602,800 3,849
  Heilongjiang Agriculture Co. Ltd. Class A 1,569,405 3,846
  Bestechnic Shanghai Co. Ltd. Class A 153,591 3,840
  BrightGene Bio-Medical Technology Co. Ltd. Class A 414,069 3,837
  Beijing Jingneng Power Co. Ltd. Class A 5,358,303 3,837
* Suzhou Zelgen Biopharmaceutical Co. Ltd. Class A 250,552 3,831
  Tong Ren Tang Technologies Co. Ltd. Class H 7,784,132 3,829
  Youngy Co. Ltd. Class A 239,500 3,824
  CECEP Wind-Power Corp. Class A 6,106,510 3,819
1,2 Joinn Laboratories China Co. Ltd. Class H 1,379,463 3,817
  Shenzhen Sunlord Electronics Co. Ltd. Class A 764,078 3,817
  Weihai Guangwei Composites Co. Ltd. Class A 787,677 3,815
  Joinn Laboratories China Co. Ltd. Class A 665,900 3,807
  Ganzhou Teng Yuan Cobalt New Material Co. Ltd. Class A 290,804 3,804
  Huaxin Building Materials Group Co. Ltd. Class A 1,205,964 3,804
  Shanghai AtHub Co. Ltd. Class A 698,514 3,803
  Intsig Information Co. Ltd. Class A 187,643 3,802
  Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A 1,893,766 3,796
  Xinfengming Group Co. Ltd. Class A 1,395,351 3,793
  Southwest Securities Co. Ltd. Class A 6,090,787 3,789
  Beijing Tiantan Biological Products Corp. Ltd. Class A 1,810,721 3,784
  Qingdao Hanhe Cable Co. Ltd. Class A 2,954,404 3,783
* Jiangxi Special Electric Motor Co. Ltd. Class A 1,593,147 3,777
* Hangzhou Lion Microelectronics Co. Ltd. Class A 624,125 3,776
  ZCZL Industrial Technology Group Co. Ltd. 1,375,325 3,775
  Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A 1,124,624 3,771
18

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  China Railway Materials Co. Ltd. Class A 9,141,400 3,765
  China International Marine Containers Group Co. Ltd. Class A 2,069,580 3,762
  Liaoning Port Co. Ltd. Class A 15,634,408 3,760
* IRICO Display Devices Co. Ltd. Class A 3,166,801 3,757
  Ningbo Zhoushan Port Co. Ltd. Class A 6,919,763 3,753
* Shenzhen Infogem Technologies Co. Ltd. Class A 682,680 3,753
* Sohu.com Ltd. ADR 243,440 3,749
* Suzhou Novosense Microelectronics Co. Ltd. Class A 128,090 3,726
* Flat Glass Group Co. Ltd. Class A 1,871,400 3,722
  Xiamen C & D Inc. Class A 2,672,900 3,722
  Shanghai Vital Microtech Co. Ltd. 916,696 3,718
  Bethel Automotive Safety Systems Co. Ltd. Class A 547,288 3,700
  AECC Aero-Engine Control Co. Ltd. Class A 1,216,500 3,698
  Zhefu Holding Group Co. Ltd. Class A 4,762,490 3,692
  Changzhou Fusion New Material Co. Ltd. Class A 243,539 3,687
  Shenzhen Kstar Science & Technology Co. Ltd. Class A 534,404 3,684
  Meihua Holdings Group Co. Ltd. Class A 2,528,400 3,675
  Chongqing Brewery Co. Ltd. Class A 455,451 3,674
  Zhejiang Dingli Machinery Co. Ltd. Class A 453,548 3,673
  Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A 1,462,669 3,662
  Wuchan Zhongda Group Co. Ltd. Class A 4,872,515 3,660
* BAIC Foton Motor Co. Ltd. Class A 7,061,885 3,656
*,2 Yanlord Land Group Ltd. 6,670,760 3,653
  Swancor Advanced Materials Co. Ltd. Class A 206,522 3,650
  Hubei Zhenhua Chemical Co. Ltd. Class A 703,788 3,646
* Maanshan Iron & Steel Co. Ltd. Class A 6,406,292 3,637
  Shenzhen Energy Group Co. Ltd. Class A 3,624,670 3,635
  Grandblue Environment Co. Ltd. Class A 774,060 3,632
2 Ming Yuan Cloud Group Holdings Ltd. 13,434,000 3,621
  Fujian Funeng Co. Ltd. Class A 2,467,473 3,620
  CITIC Heavy Industries Co. Ltd. Class A 4,062,679 3,615
  Tibet Urban Development & Investment Co. Ltd. Class A 899,514 3,603
* AVIC Chengdu UAS Co. Ltd. Class A 535,179 3,599
  Yifeng Pharmacy Chain Co. Ltd. Class A 1,058,248 3,597
* Shida Shinghwa Advanced Material Group Co. Ltd. Class A 211,600 3,595
* Sichuan Hebang Biotechnology Co. Ltd. Class A 8,261,303 3,593
  Hualan Biological Engineering Inc. Class A 1,696,823 3,588
  COSCO SHIPPING Development Co. Ltd. Class A 9,198,776 3,587
  Lepu Medical Technology Beijing Co. Ltd. Class A 1,700,192 3,582
  Xiamen Faratronic Co. Ltd. Class A 206,363 3,578
  Zhejiang XCC Group Co. Ltd. Class A 364,000 3,577
  Xuji Electric Co. Ltd. Class A 962,100 3,567
2 Chervon Holdings Ltd. 1,711,000 3,558
  Guangxi Yuegui Guangye Holding Co. Ltd. Class A 762,367 3,555
  Huali Industrial Group Co. Ltd. Class A 635,048 3,551
* GoodWe Technologies Co. Ltd. Class A 223,008 3,546
  Huaan Securities Co. Ltd. Class A 4,328,441 3,540
* Dizal Jiangsu Pharmaceutical Co. Ltd. Class A 424,928 3,537
* Pantum Technology Co. Ltd. 1,256,227 3,537
  Shengda Resources Co. Ltd. Class A 655,700 3,536
* Angang Steel Co. Ltd. Class H 18,718,652 3,516
  Guangdong Aofei Data Technology Co. Ltd. Class A 953,508 3,508
  Oppein Home Group Inc. Class A 508,488 3,507
  DHC Software Co. Ltd. Class A 2,893,900 3,506
  SPIC Industry-Finance Holdings Co. Ltd. Class A 4,040,144 3,503
* Siasun Robot & Automation Co. Ltd. Class A 1,590,251 3,502
  Capital Securities Co. Ltd. Class A 1,432,600 3,499
  Jiangsu Azure Corp. Class A 1,150,750 3,498
  Shandong Humon Smelting Co. Ltd. Class A 1,429,400 3,496
* Tsinghua Tongfang Co. Ltd. Class A 2,976,608 3,495
  Central China Securities Co. Ltd. Class A 5,851,500 3,489
* Xiangcai Co. Ltd. Class A 2,668,300 3,487
  Chengdu Hi-tech Development Co. Ltd. Class A 356,200 3,465
  NetDragon Websoft Holdings Ltd. 3,132,138 3,463
  Wuxi Autowell Technology Co. Ltd. Class A 287,973 3,459
* GCL System Integration Technology Co. Ltd. Class A 5,533,825 3,449
  Jiangsu Jiejie Microelectronics Co. Ltd. Class A 806,141 3,446
  STO Express Co. Ltd. Class A 1,436,275 3,444
  Anhui Yingjia Distillery Co. Ltd. Class A 618,043 3,443
  Mloptic Corp. Class A 49,240 3,439
19

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Beijing Teamsun Technology Co. Ltd. Class A 1,060,406 3,433
  China Film Group Co. Ltd. Class A 1,696,205 3,432
  Shanghai Huace Navigation Technology Ltd. Class A 737,156 3,432
  Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A 631,984 3,431
  Shanghai Jinjiang International Hotels Co. Ltd. Class B 2,296,892 3,430
  Sinotruk Jinan Truck Co. Ltd. Class A 1,070,339 3,429
  Moon Environment Technology Co. Ltd. Class A 932,869 3,425
  Sealand Securities Co. Ltd. Class A 5,945,595 3,414
  Essence Fastening Systems Shanghai Co. Ltd. Class A 132,000 3,405
*,1,2 Bairong Inc. Class B 3,788,500 3,403
  China Oilfield Services Ltd. Class A 1,535,400 3,400
2 Zhongyu Energy Holdings Ltd. 9,717,000 3,386
  Shanghai Moons' Electric Co. Ltd. Class A 387,100 3,385
  StarPower Semiconductor Ltd. Class A 221,600 3,381
  Fujian Longking Co. Ltd. Class A 1,236,100 3,378
  Zhende Medical Co. Ltd. Class A 250,200 3,377
  Jointown Pharmaceutical Group Co. Ltd. Class A 4,454,220 3,376
  Zhejiang Huahai Pharmaceutical Co. Ltd. Class A 1,412,947 3,375
  Shandong Hi-speed Co. Ltd. Class A 2,150,754 3,366
  Grinm Advanced Materials Co. Ltd. Class A 834,800 3,364
  NBTM New Materials Group Co. Ltd. Class A 672,048 3,362
* Pacific Securities Co. Ltd. Class A 6,208,755 3,359
  Tibet Huayu Mining Co. Ltd. Class A 796,300 3,358
  Weifu High-Technology Group Co. Ltd. Class B 1,901,655 3,354
* North Industries Group Red Arrow Co. Ltd. Class A 1,289,843 3,343
  iRay Group Class A 198,456 3,335
  COSCO SHIPPING Specialized Carriers Co. Ltd. Class A 2,656,401 3,335
* Guosheng Securities Inc. Class A 1,795,092 3,334
  Juneyao Airlines Co. Ltd. Class A 1,988,669 3,333
  FAW Jiefang Group Co. Ltd. Class A 3,371,344 3,328
  Air China Cargo Co. Ltd. Class A 4,363,300 3,327
  China Railway Construction Heavy Industry Corp. Ltd. Class A 4,786,583 3,325
  China Coal Xinji Energy Co. Ltd. Class A 2,532,700 3,323
  Hangzhou Zhongheng Electric Co. Ltd. Class A 551,267 3,318
  Shenzhen Zhaowei Machinery & Electronic Co. Ltd. Class A 233,100 3,316
  Sinotrans Ltd. Class A 3,770,165 3,314
  Xi'an Bright Laser Technologies Co. Ltd. Class A 257,194 3,311
  Hubei Jumpcan Pharmaceutical Co. Ltd. Class A 814,621 3,308
  Qingdao Port International Co. Ltd. Class A 2,551,700 3,305
* Henan Yuneng Holdings Co. Ltd. Class A 1,472,000 3,300
  AVICOPTER plc Class A 721,102 3,299
  Shanghai Construction Group Co. Ltd. Class A 8,322,373 3,298
  Hesteel Co. Ltd. Class A 9,642,483 3,297
* Tonghua Golden-Horse Pharmaceutical Industry Co. Ltd. Class A 913,900 3,295
2 Tianli International Holdings Ltd. 15,709,741 3,293
* Holitech Technology Co. Ltd. Class A 7,651,400 3,290
  SPIC Green Energy Co. Ltd. Class A 3,438,980 3,286
  Eastern Air Logistics Co. Ltd. Class A 1,399,391 3,282
* Shanxi Taigang Stainless Steel Co. Ltd. Class A 5,254,700 3,279
  Sinoma International Engineering Co. Class A 2,393,972 3,279
  Shui On Land Ltd. 48,162,500 3,271
  Jiangsu Changshu Rural Commercial Bank Co. Ltd. Class A 3,048,439 3,267
  Xiamen Amoytop Biotech Co. Ltd. Class A 382,659 3,265
  Ningbo Ronbay New Energy Technology Co. Ltd. Class A 639,165 3,260
* Sinopec Oilfield Service Corp. Class A 8,165,700 3,252
  Xizang Zhufeng Resources Co. Ltd. Class A 798,757 3,252
  Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A 433,634 3,250
  Changzheng Engineering Technology Co. Ltd. Class A 503,350 3,246
  Hongta Securities Co. Ltd. Class A 2,934,580 3,243
  Jinko Power Technology Co. Ltd. Class A 3,391,400 3,233
  Beijing Shiji Information Technology Co. Ltd. Class A 2,171,872 3,229
* Gaotu Techedu Inc. ADR 1,726,078 3,228
  INESA Intelligent Tech Inc. Class A 1,006,390 3,225
  CITIC Metal Co. Ltd. Class A 1,578,600 3,215
2 Central China Securities Co. Ltd. Class H 13,244,000 3,210
  Minmetals Capital Co. Ltd. Class A 4,164,860 3,206
  Tongyu Communication Inc. Class A 499,087 3,198
  LexinFintech Holdings Ltd. ADR 1,514,914 3,196
  Hisense Home Appliances Group Co. Ltd. Class A 906,151 3,196
* Zhejiang Yongtai Technology Co. Ltd. Class A 886,713 3,196
20

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Jason Furniture Hangzhou Co. Ltd. Class A 750,513 3,195
  Tian Di Science & Technology Co. Ltd. Class A 3,826,639 3,193
  Hebei Huatong Wires & Cables Group Co. Ltd. Class A 507,000 3,183
  Jiangsu Phoenix Publishing & Media Corp. Ltd. Class A 2,302,907 3,182
*,2 Sinopec Oilfield Service Corp. Class H 30,396,608 3,180
  Yuexiu REIT 34,409,544 3,171
  Chengzhi Co. Ltd. Class A 1,717,328 3,171
* Beijing BDStar Navigation Co. Ltd. Class A 527,751 3,171
  Advanced Technology & Materials Co. Ltd. Class A 1,005,800 3,170
  Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B 4,085,058 3,166
  Beijing GeoEnviron Engineering & Technology Inc. Class A 1,479,340 3,166
  Shanghai Lingang Holdings Corp. Ltd. Class A 2,394,921 3,161
* Nanjing Tanker Corp. Class A 4,814,880 3,158
*,2 Shenzhen Investment Ltd. 30,022,949 3,154
* DingDong Cayman Ltd. ADR 1,214,608 3,146
  YUNDA Holding Group Co. Ltd. Class A 2,725,269 3,138
  Guangzhou Baiyun International Airport Co. Ltd. Class A 2,448,313 3,136
  China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A 2,891,700 3,135
2 BBMG Corp. Class H 32,179,781 3,130
  Tianjin Pharmaceutical Da Re Tang Group Corp. Ltd. Class A 525,229 3,129
  Shenzhen Airport Co. Ltd. Class A 2,989,762 3,126
* Guangdong Jia Yuan Technology Shares Co. Ltd. Class A 420,661 3,118
  Guangdong Provincial Expressway Development Co. Ltd. Class A 1,692,800 3,118
  Huaxi Securities Co. Ltd. Class A 2,433,100 3,117
  Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A 947,996 3,116
  Shijiazhuang Shangtai Technology Co. Ltd. Class A 247,300 3,115
  Yantai Changyu Pioneer Wine Co. Ltd. Class B 3,087,201 3,114
  Shanghai Jinjiang International Hotels Co. Ltd. Class A 831,524 3,112
  Suzhou Recodeal Interconnect System Co. Ltd. Class A 199,986 3,108
  Guangdong Electric Power Development Co. Ltd. Class A 3,251,100 3,104
  Tasly Pharmaceutical Group Co. Ltd. Class A 1,398,256 3,100
* Kangmei Pharmaceutical Co. Ltd. Class A 12,350,700 3,097
  Sineng Electric Co. Ltd. Class A 554,427 3,092
* COL Global Co. Ltd. Class A 728,800 3,092
  Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A 438,076 3,088
* Shaanxi Aerospace Power Hi-Tech Co. Ltd. Class A 605,400 3,081
  Anhui Zhongding Sealing Parts Co. Ltd. Class A 1,198,565 3,075
*,1,2 Haichang Ocean Park Holdings Ltd. 55,342,000 3,067
  Autel Intelligent Technology Corp. Ltd. Class A 614,851 3,066
  Shanghai Zhonggu Logistics Co. Ltd. Class A 1,922,856 3,056
  Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A 844,850 3,056
  Zhongshan Broad Ocean Motor Co. Ltd. Class A 2,208,600 3,047
  China Baoan Group Co. Ltd. Class A 2,396,736 3,046
  China Zhenhua Group Science & Technology Co. Ltd. Class A 486,242 3,044
  Jilin Aodong Pharmaceutical Group Co. Ltd. Class A 1,096,771 3,043
  Ningbo Huaxiang Electronic Co. Ltd. Class A 793,800 3,042
* Zhongfu Straits Pingtan Development Co. Ltd. Class A 1,928,586 3,035
  Shandong Weifang Rainbow Chemical Co. Ltd. Class A 244,232 3,029
  Levima Advanced Materials Corp. Class A 854,100 3,021
  Shenzhen Senior Technology Material Co. Ltd. Class A 1,244,928 3,020
  Bank of Guiyang Co. Ltd. Class A 3,421,927 3,013
  Henan Mingtai Al Industrial Co. Ltd. Class A 1,149,676 3,001
  COFCO Capital Holdings Co. Ltd. Class A 1,986,357 2,987
  Tibet Mineral Development Co. Ltd. Class A 522,300 2,982
  Titan Wind Energy Suzhou Co. Ltd. Class A 1,685,972 2,977
*,1,2 JS Global Lifestyle Co. Ltd. 13,535,000 2,975
  China Wafer Level CSP Co. Ltd. Class A 648,639 2,974
  Pingdingshan Tianan Coal Mining Co. Ltd. Class A 2,348,835 2,968
  Guizhou Chanhen Chemical Corp. Class A 552,400 2,967
  Sunshine Guojian Pharmaceutical Shanghai Co. Ltd. Class A 274,822 2,961
  Sichuan Development Lomon Co. Ltd. Class A 1,839,900 2,957
  Innovation New Material Technology Co. Ltd. Class A 4,494,100 2,954
  State Grid Yingda Co. Ltd. Class A 3,391,247 2,954
  Shanghai M&G Stationery Inc. Class A 820,775 2,953
  Kunshan Kinglai Hygienic Materials Co. Ltd. Class A 387,400 2,951
  Guangdong Dowstone Technology Co. Ltd. Class A 742,000 2,943
  Fujian Sunner Development Co. Ltd. Class A 1,079,014 2,943
  Hand Enterprise Solutions Co. Ltd. Class A 1,003,900 2,937
* Shanghai DZH Ltd. Class A 1,945,300 2,934
  Zhejiang Supor Co. Ltd. Class A 425,319 2,933
21

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Shenzhen FRD Science & Technology Co. Ltd. Class A 553,619 2,925
  Guangzhou Haozhi Industrial Co. Ltd. Class A 315,600 2,922
  Apeloa Pharmaceutical Co. Ltd. Class A 1,088,221 2,920
  Zhejiang Changsheng Sliding Bearings Co. Ltd. Class A 281,200 2,913
* Vantone Neo Development Group Co. Ltd. Class A 1,751,010 2,903
  Fangda Carbon New Material Co. Ltd. Class A 3,486,309 2,902
  Shaanxi Huaqin Technology Industry Co. Ltd. Class A 263,987 2,902
* MGI Tech Co. Ltd. Class A 387,662 2,901
* Ruyi Film Entertainment Co. Ltd. Class A 1,952,950 2,899
* Forehope Electronic Ningbo Co. Ltd. Class A 398,257 2,891
  Meinian Onehealth Healthcare Holdings Co. Ltd. Class A 3,628,500 2,889
1,2 Medlive Technology Co. Ltd. 2,603,500 2,885
  Caida Securities Co. Ltd. Class A 3,058,200 2,884
  Arcplus Group plc Class A 953,600 2,880
  Anhui XDLK Microsystem Corp. Ltd. Class A 386,070 2,880
  Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A 6,421,975 2,878
  State Grid Information & Communication Co. Ltd. Class A 1,141,900 2,871
* Venustech Group Inc. Class A 1,250,400 2,869
* NavInfo Co. Ltd. Class A 2,159,087 2,869
* Geo-Jade Petroleum Corp. Class A 4,187,200 2,868
  Liaoning Cheng Da Co. Ltd. Class A 1,639,520 2,864
  China National Medicines Corp. Ltd. Class A 680,938 2,859
  Livzon Pharmaceutical Group Inc. Class A 596,681 2,858
1,2 A-Living Smart City Services Co. Ltd. Class H 10,323,413 2,857
  Shanghai Shunho New Materials Technology Co. Ltd. Class A 1,023,800 2,856
* Qi An Xin Technology Group Inc. Class A 643,452 2,855
  Chongqing Zongshen Power Machinery Co. Ltd. Class A 1,118,200 2,854
  Bank of Qingdao Co. Ltd. Class A 3,211,700 2,853
  Qingdao Sentury Tire Co. Ltd. Class A 1,129,700 2,851
  Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A 1,122,932 2,845
  Lakala Payment Co. Ltd. Class A 718,400 2,843
* Sichuan Hexie Shuangma Co. Ltd. Class A 725,012 2,841
  Easy Click Worldwide Network Technology Co. Ltd. Class A 576,680 2,837
  Chengdu Xingrong Environment Co. Ltd. Class A 2,804,500 2,835
  Walvax Biotechnology Co. Ltd. Class A 1,484,157 2,833
* Arashi Vision Inc. Class A 99,355 2,824
  Ferrotec Anhui Technology Development Co. Ltd. Class A 444,900 2,824
2 BOE Varitronix Ltd. 5,158,813 2,820
  Xiamen Bank Co. Ltd. Class A 2,489,200 2,809
  Wuxi Taiji Industry Ltd. Co. Class A 1,974,951 2,808
  Northeast Securities Co. Ltd. Class A 2,199,858 2,804
* Risen Energy Co. Ltd. Class A 1,072,600 2,802
  Shanghai Belling Co. Ltd. Class A 663,044 2,801
  Tianjin Port Co. Ltd. Class A 4,026,571 2,799
* Shanghai Aerospace Automobile Electromechanical Co. Ltd. Class A 1,310,629 2,798
* Tonze New Energy Technology Co. Ltd. Class A 498,700 2,795
  Betta Pharmaceuticals Co. Ltd. Class A 365,500 2,794
  Sinopec Shanghai Petrochemical Co. Ltd. Class A 6,128,740 2,792
  Hydsoft Technology Co. Ltd. Class A 372,600 2,792
* Minmetals New Energy Materials Hunan Co. Ltd. 1,750,305 2,787
  CSSC Science & Technology Co. Ltd. Class A 1,384,100 2,778
* Jiangsu Lopal Tech Group Co. Ltd. Class A 565,101 2,776
  Shenzhen Hopewind Electric Co. Ltd. Class A 427,900 2,764
  INESA Intelligent Tech Inc. Class B 3,912,119 2,763
* BOE HC SemiTek Corp. Class A 1,549,750 2,757
  Songcheng Performance Development Co. Ltd. Class A 2,436,651 2,755
  Kunshan Dongwei Technology Co. Ltd. Class A 306,157 2,753
  Sany Renewable Energy Co. Ltd. Class A 755,880 2,752
* SPIC Hydropower Co. Ltd. Class A 1,223,430 2,750
  Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A 519,058 2,736
  Xiamen Xiangyu Co. Ltd. Class A 2,585,319 2,735
  Zhejiang Dongri Class A 416,600 2,731
  People.cn Co. Ltd. Class A 980,094 2,731
  China Petroleum Engineering Corp. Class A 4,574,800 2,729
  Beijing Shougang Co. Ltd. Class A 4,078,761 2,729
  Ningbo Jintian Copper Group Co. Ltd. Class A 1,826,956 2,726
  DaShenLin Pharmaceutical Group Co. Ltd. Class A 992,895 2,723
  Shenzhen SED Industry Co. Ltd. Class A 1,070,400 2,722
  Zhejiang Zhaolong Interconnect Technology Co. Ltd. Class A 351,100 2,722
  FSPG Hi-Tech Co. Ltd. Class A 885,500 2,721
22

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Shenzhen Dynanonic Co. Ltd. Class A 256,032 2,715
  Hangzhou Cable Co. Ltd. Class A 652,000 2,712
  Chengdu Wintrue Holding Co. Ltd. Class A 1,200,470 2,712
  Giantec Semiconductor Corp. Class A 147,879 2,710
  Zhejiang Orient Holdings Group Co. Ltd. Class A 3,289,844 2,709
* CETC Chips Technology Inc. Class A 1,121,700 2,708
  Shenzhen CECport Technologies Co. Ltd. Class A 691,500 2,707
  Shanghai Mechanical & Electrical Industry Co. Ltd. Class A 763,150 2,705
  Guangzhou Development Group Inc. Class A 2,593,271 2,704
  Jiangsu Lihua Foods Group Co. Ltd. 810,200 2,696
  Hubei Yihua Chemical Industry Co. Ltd. Class A 1,085,600 2,695
  Shandong Linglong Tyre Co. Ltd. Class A 1,388,391 2,694
  Joincare Pharmaceutical Group Industry Co. Ltd. Class A 1,677,465 2,691
* ApicHope Pharmaceutical Group Co. Ltd. 442,500 2,691
  Zhuzhou Hongda Electronics Corp. Ltd. Class A 372,926 2,687
  CSG Holding Co. Ltd. Class B 14,409,195 2,685
  Winning Health Technology Group Co. Ltd. Class A 2,117,068 2,682
* Datang Huayin Electric Power Co. Ltd. Class A 2,144,100 2,680
  Newland Digital Technology Co. Ltd. Class A 916,173 2,678
  Beijing Aerospace Shenzhou Intelligent Equipment Technology Co. Ltd. Class A 692,300 2,676
  Guangdong Mingyang Electric Co. Ltd. Class A 307,700 2,676
  Quectel Wireless Solutions Co. Ltd. Class A 251,530 2,675
  Jiangsu Broadcasting Cable Information Network Corp. Ltd. Class A 4,690,850 2,670
  Electric Connector Technology Co. Ltd. Class A 403,805 2,666
  China South Publishing & Media Group Co. Ltd. Class A 1,595,249 2,658
* Estun Automation Co. Ltd. Class A 825,074 2,652
  Shenzhen Yinghe Technology Co. Ltd. Class A 620,560 2,651
  Shanghai Huayi Group Co. Ltd. Class A 1,658,876 2,651
  Beijing Ultrapower Software Co. Ltd. Class A 1,853,768 2,650
  Guangdong Guangzhou Daily Media Co. Ltd. Class A 1,092,400 2,650
* Aerospace Hi-Tech Holdings Group Ltd. Class A 750,050 2,648
  Fortior Technology Shenzhen Co. Ltd. Class A 90,933 2,645
  Jizhong Energy Resources Co. Ltd. Class A 3,202,707 2,637
* Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A 1,578,613 2,631
  Jack Technology Co. Ltd. Class A 453,675 2,629
* Shanghai Feilo Acoustics Co. Ltd. Class A 2,597,900 2,625
  Guangshen Railway Co. Ltd. Class A 5,557,734 2,623
1,2 Sunac Services Holdings Ltd. 19,450,903 2,622
* Greenland Holdings Corp. Ltd. Class A 11,359,176 2,622
* Shanxi Meijin Energy Co. Ltd. Class A 4,006,823 2,621
* Tongding Interconnection Information Co. Ltd. Class A 1,126,300 2,619
  Zhuhai CosMX Battery Co. Ltd. Class A 1,067,056 2,614
  Guangxi Liugong Machinery Co. Ltd. Class A 1,829,261 2,599
  PhiChem Corp. Class A 576,700 2,586
  Bank of Chongqing Co. Ltd. Class A 1,679,017 2,578
  Shanghai Huafon Aluminium Corp. Class A 947,500 2,578
  Beijing Aosaikang Pharmaceutical Co. Ltd. Class A 1,032,646 2,575
  Jinhong Gas Co. Ltd. Class A 501,979 2,574
  Jiangsu Leili Motor Co. Ltd. Class A 410,600 2,571
  Beijing United Information Technology Co. Ltd. Class A 644,229 2,569
  CECEP Solar Energy Co. Ltd. Class A 3,509,030 2,568
* Pengxin International Mining Co. Ltd. Class A 2,119,100 2,566
  Yonfer Agricultural Technology Co. Ltd. Class A 1,147,956 2,564
  Zhejiang HangKe Technology Inc. Co. Class A 545,830 2,562
  Xinxing Ductile Iron Pipes Co. Ltd. Class A 3,791,100 2,561
  Shanghai Tunnel Engineering Co. Ltd. Class A 2,935,680 2,558
  Shanghai Zhenhua Heavy Industries Co. Ltd. Class A 3,210,741 2,553
* Xiangtan Electric Manufacturing Co. Ltd. Class A 1,404,053 2,546
  Hainan Mining Co. Ltd. Class A 1,415,400 2,545
* Jiangsu HSC New Energy Materials Co. Ltd. Class A 157,315 2,540
  Green Development Electricity Group of Tianjin Co. Ltd. Class A 1,755,200 2,540
  Shanghai Bairun Investment Holding Group Co. Ltd. Class A 910,024 2,538
* Shenzhen Overseas Chinese Town Co. Ltd. Class A 7,636,021 2,534
  Ningbo Boway Alloy Material Co. Ltd. Class A 982,137 2,528
  Pylon Technologies Co. Ltd. Class A 223,071 2,525
  Shandong Dongyue Silicone Material Co. Ltd. Class A 1,129,000 2,518
  Jiayou International Logistics Co. Ltd. Class A 1,345,916 2,513
  Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 1,855,769 2,513
  Bloomage Biotechnology Corp. Ltd. Class A 414,001 2,509
* Hainan Drinda New Energy Technology Co. Ltd. Class A 211,390 2,507
23

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Sichuan Teway Food Group Co. Ltd. Class A 996,214 2,500
  Baimtec Material Co. Ltd. Class A 296,925 2,497
* Hytera Communications Corp. Ltd. Class A 1,706,265 2,493
  Chongqing Fuling Electric Power Industrial Co. Ltd. Class A 1,464,180 2,491
  Autobio Diagnostics Co. Ltd. Class A 507,112 2,488
* Tianma Microelectronics Co. Ltd. Class A 2,223,305 2,485
* Jianshe Industry Group Yunnan Co. Ltd. Class A 749,800 2,477
* Business-intelligence of Oriental Nations Corp. Ltd. Class A 1,086,522 2,468
  Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A 3,416,339 2,468
  Anhui Construction Engineering Group Co. Ltd. Class A 3,125,309 2,467
  Servyou Software Group Co. Ltd. Class A 302,012 2,467
  An Hui Wenergy Co. Ltd. Class A 2,080,734 2,465
* Fujian Kuncai Material Technology Co. Ltd. Class A 497,340 2,464
* Guangdong Create Century Intelligent Equipment Group Corp. Ltd. Class A 1,640,700 2,464
  Hangzhou Shunwang Technology Co. Ltd. Class A 661,500 2,461
* Shenzhen Special Economic Zone Real Estate & Properties Group Co. Ltd. Class A 784,100 2,451
* Hybio Pharmaceutical Co. Ltd. Class A 802,991 2,450
  Hainan Strait Shipping Co. Ltd. Class A 1,968,755 2,450
  Arcsoft Corp. Ltd. Class A 390,648 2,449
  IKD Co. Ltd. Class A 981,600 2,448
  Beijing Haohua Energy Resource Co. Ltd. Class A 1,424,760 2,439
  Jiangsu Expressway Co. Ltd. Class A 1,352,598 2,437
  Winner Medical Co. Ltd. Class A 530,105 2,434
  Wuxi NCE Power Co. Ltd. Class A 405,481 2,429
  China Southern Power Grid Technology Co. Ltd. Class A 299,953 2,424
  Bluestar Adisseo Co. Class A 1,243,741 2,422
* Antong Holdings Co. Ltd. Class A 3,909,331 2,418
  Shenzhen Aisidi Co. Ltd. Class A 1,193,020 2,414
* Tinergy Chemical Co. Ltd. Class A 3,585,755 2,412
  Jiaze Renewables Co. Ltd. 2,911,700 2,408
  DBG Technology Co. Ltd. Class A 782,880 2,401
* Nuode New Materials Co. Ltd. Class A 1,516,200 2,399
  Fibocom Wireless Inc. Class A 725,346 2,397
  Shantui Construction Machinery Co. Ltd. Class A 1,369,935 2,396
  Suntak Technology Co. Ltd. Class A 1,170,000 2,395
  By-health Co. Ltd. Class A 1,553,906 2,394
  Henan Yuguang Gold & Lead Co. Ltd. Class A 1,102,100 2,394
  CETC Potevio Science & Technology Co. Ltd. Class A 638,200 2,389
  Zibo Qixiang Tengda Chemical Co. Ltd. Class A 2,474,682 2,389
  Topchoice Medical Corp. Class A 385,591 2,388
  Wuhu Token Science Co. Ltd. Class A 2,479,883 2,388
  Shanghai Pret Composites Co. Ltd. Class A 1,107,662 2,382
  China Merchants Port Group Co. Ltd. Class A 733,200 2,380
  AIMA Technology Group Co. Ltd. Class A 690,603 2,374
  Luoyang Xinqianglian Slewing Bearing Co. Ltd. Class A 376,982 2,373
  Shanghai Longcheer Technology Co. Ltd. 438,000 2,369
  Xi'an Triangle Defense Co. Ltd. Class A 541,039 2,365
* Jiangsu Huahong Technology Stock Co. Ltd. Class A 623,773 2,360
*,2 Qunabox Group Ltd. 1,229,654 2,357
* Transwarp Technology Shanghai Co. Ltd. Class A 121,238 2,353
  China Resources Double Crane Pharmaceutical Co. Ltd. Class A 898,693 2,351
  Wuhan Yangtze Communications Industry Group Co. Ltd. Class A 327,960 2,346
  Sinofibers Technology Co. Ltd. Class A 431,791 2,345
  Dalian Bio-Chem Co. Ltd. Class A 704,900 2,345
  Zhuzhou Kibing Group Co. Ltd. Class A 2,524,014 2,345
  Shuanglin Co. Ltd. Class A 557,260 2,342
*,2 HealthyWay Inc. 4,468,000 2,337
  Shenyang Xingqi Pharmaceutical Co. Ltd. Class A 228,578 2,330
* Sinochem International Corp. Class A 3,457,316 2,330
  BTG Hotels Group Co. Ltd. Class A 1,013,826 2,323
  Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A 3,467,859 2,322
  Shaanxi International Trust Co. Ltd. Class A 4,854,307 2,322
  Zhuhai Bojay Electronics Co. Ltd. Class A 143,000 2,320
  Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A 1,260,650 2,318
  Southchip Semiconductor Technology Shanghai Co. Ltd. Class A 409,530 2,315
  Zhongshan Public Utilities Group Co. Ltd. Class A 1,345,136 2,313
  Qingdao Rural Commercial Bank Corp. Class A 5,194,100 2,312
* Offcn Education Technology Co. Ltd. Class A 5,934,276 2,306
  Chengdu Sino Microelectronics Technology Co. Ltd. Class A 414,195 2,304
* Farasis Energy Gan Zhou Co. Ltd. Class A 1,122,122 2,304
24

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Zhejiang Provincial New Energy Investment Group Co. Ltd. Class A 1,591,600 2,301
  Jiangsu ToLand Alloy Co. Ltd. Class A 398,343 2,298
  Dongfang Electronics Co. Ltd. Class A 1,198,400 2,297
  Keli Sensing Technology Ningbo Co. Ltd. Class A 277,100 2,289
  Dongguan Yiheda Automation Co. Ltd. Class A 549,282 2,288
  Tongyu Heavy Industry Co. Ltd. Class A 4,906,957 2,286
  Zhejiang Weixing New Building Materials Co. Ltd. Class A 1,408,329 2,286
  ZhongMan Petroleum & Natural Gas Group Corp. Ltd. Class A 461,900 2,284
  Baowu Magnesium Technology Co. Ltd. Class A 987,807 2,282
  Beijing Originwater Technology Co. Ltd. Class A 3,956,899 2,276
  CHN Energy Changyuan Electric Power Co. Ltd. Class A 3,399,094 2,273
  China Kings Resources Group Co. Ltd. Class A 842,107 2,270
  Chongqing Zaisheng Technology Co. Ltd. Class A 971,936 2,269
* TRS Information Technology Corp. Ltd. Class A 862,500 2,269
  Semitronix Corp. Class A 184,700 2,268
  Ningbo Xusheng Group Co. Ltd. Class A 997,163 2,266
  Leyard Optoelectronic Co. Ltd. Class A 2,422,939 2,265
  Guangdong Electric Power Development Co. Ltd. Class B 8,440,701 2,264
  Zhejiang Zhongjian Technology Co. Ltd. Class A 192,200 2,264
  Yili Chuanning Biotechnology Co. Ltd. Class A 1,536,200 2,263
  Sumec Corp. Ltd. Class A 1,261,700 2,263
  China Automotive Engineering Research Institute Co. Ltd. Class A 954,941 2,259
  Yantai Eddie Precision Machinery Co. Ltd. Class A 662,959 2,258
  Beijing Dabeinong Technology Group Co. Ltd. Class A 3,956,687 2,254
  Anhui Heli Co. Ltd. Class A 851,215 2,252
  Sino-Platinum Metals Co. Ltd. Class A 761,720 2,251
  Wuxi Huaguang Environment & Energy Group Co. Ltd. Class A 907,731 2,250
* Shenyang Machine Tool Co. Ltd. Class A 2,483,500 2,250
* RongFa Nuclear Equipment Co. Ltd. Class A 2,041,000 2,246
* Wuhan P&S Information Technology Co. Ltd. Class A 1,137,200 2,244
  Yankershop Food Co. Ltd. Class A 260,110 2,239
* Beijing Relpow Technology Co. Ltd. Class A 532,447 2,238
  Bank of Xi'an Co. Ltd. Class A 4,140,600 2,238
  China National Gold Group Gold Jewellery Co. Ltd. Class A 1,703,900 2,236
  Shanghai Daimay Automotive Interior Co. Ltd. Class A 1,387,264 2,235
* Beijing E-Town Semiconductor Technology Co. Ltd. Class A 641,856 2,235
* Ningbo Jifeng Auto Parts Co. Ltd. Class A 1,253,400 2,235
  Suzhou Secote Precision Electronic Co. Ltd. Class A 280,470 2,233
  Luxin Venture Capital Group Co. Ltd. Class A 698,508 2,233
  Jointo Energy Investment Co. Ltd. Hebei Class A 1,592,644 2,229
* Shanghai Electric Wind Power Group Co. Ltd. Class A 1,238,529 2,222
  China Lilang Ltd. 4,519,865 2,215
  Hangzhou Robam Appliances Co. Ltd. Class A 842,104 2,214
  Shandong Buchang Pharmaceuticals Co. Ltd. Class A 925,322 2,208
* Zhewen Interactive Group Co. Ltd. Class A 1,497,800 2,207
  Aerospace Intelligent Manufacturing Technology Co. Ltd. Class A 788,700 2,204
  Guangdong Advertising Group Co. Ltd. Class A 1,672,622 2,203
  Tangshan Sanyou Chemical Industries Co. Ltd. Class A 1,936,652 2,203
  China Railway Hi-tech Industry Co. Ltd. Class A 1,925,565 2,201
  Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A 1,120,686 2,197
  Gaona Aero Material Co. Ltd. Class A 761,440 2,194
  Jiangsu Ruitai New Energy Materials Co. Ltd. Class A 668,400 2,193
  Suzhou Veichi Electric Co. Ltd. Class A 216,383 2,185
  Zhejiang Huace Film & Television Co. Ltd. Class A 1,700,924 2,184
  Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. Class A 716,825 2,184
  Eastern Communications Co. Ltd. Class A 891,962 2,182
  Guodian Nanjing Automation Co. Ltd. Class A 990,432 2,180
  Shenzhen Kangtai Biological Products Co. Ltd. Class A 1,052,960 2,180
  Hangzhou Sunrise Technology Co. Ltd. Class A 1,024,466 2,180
  Shanghai Haoyuan Chemexpress Co. Ltd. Class A 197,857 2,179
  Shanghai Beite Technology Group Co. Ltd. Class A 321,200 2,178
  China Oriental Group Co. Ltd. 13,211,736 2,177
  Aisino Corp. Class A 1,763,519 2,176
* Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A 3,502,145 2,169
  Toread Holdings Group Co. Ltd. Class A 884,800 2,167
  China CAMC Engineering Co. Ltd. Class A 1,456,800 2,164
* Hwa Create Co. Ltd. Class A 655,000 2,156
  Anhui Guangxin Agrochemical Co. Ltd. Class A 989,836 2,155
  Fujian Star-net Communication Co. Ltd. Class A 553,481 2,155
* Zhejiang Dun'An Artificial Environment Co. Ltd. Class A 1,253,703 2,153
25

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Shanghai Awinic Technology Co. Ltd. Class A 214,860 2,140
  Yunnan Botanee Bio-Technology Group Co. Ltd. Class A 357,400 2,140
  Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A 791,417 2,133
* BGI Genomics Co. Ltd. Class A 363,649 2,132
  NYOCOR Co. Ltd. Class A 1,861,100 2,131
  Zhejiang Daily Digital Culture Group Co. Ltd. Class A 1,103,087 2,130
  Triumph Science & Technology Co. Ltd. Class A 931,150 2,127
  Foryou Corp. Class A 480,114 2,124
  Jiangsu Guotai International Group Co. Ltd. Class A 1,608,161 2,117
  Jiangsu Cnano Technology Co. Ltd. Class A 335,051 2,115
* Angang Steel Co. Ltd. Class A 6,295,002 2,115
* Sinocelltech Group Ltd. Class A 349,048 2,112
  Weifu High-Technology Group Co. Ltd. Class A 735,300 2,110
  Chinalin Securities Co. Ltd. Class A 924,427 2,108
*,2 Yeahka Ltd. 2,648,000 2,107
* Roshow Technology Co. Ltd. Class A 1,866,400 2,106
  Sichuan Swellfun Co. Ltd. Class A 441,808 2,106
  Chow Tai Seng Jewellery Co. Ltd. Class A 1,082,025 2,100
  China Yongda Automobiles Services Holdings Ltd. 16,003,652 2,086
  China Resources Jiangzhong Pharmaceutical Co. Ltd. Class A 594,900 2,086
  Guangxi Guiguan Electric Power Co. Ltd. Class A 1,410,356 2,084
  Ningbo Yunsheng Co. Ltd. Class A 1,065,571 2,084
* Bestway Marine & Energy Technology Co. Ltd. Class A 1,738,650 2,084
*,2 Hainan Meilan International Airport Co. Ltd. Class H 2,658,000 2,082
* TianShan Material Co. Ltd. Class A 3,051,120 2,081
  Shenzhen Forms Syntron Information Co. Ltd. Class A 496,800 2,078
  Xiamen Intretech Inc. Class A 735,290 2,078
  Shaanxi Beiyuan Chemical Industry Group Co. Ltd. Class A 3,627,900 2,078
  Shanghai Chinafortune Co. Ltd. Class A 999,561 2,077
* Shandong Iron & Steel Co. Ltd. Class A 9,822,108 2,073
  Lianhe Chemical Technology Co. Ltd. Class A 853,200 2,071
  Xizi Clean Energy Equipment Manufacturing Co. Ltd. Class A 800,271 2,069
  Xi'An Shaangu Power Co. Ltd. Class A 1,534,771 2,067
  Gansu Energy Chemical Co. Ltd. Class A 4,889,586 2,064
  China Tianying Inc. Class A 2,153,420 2,063
  Huada Automotive Technology Corp. Ltd. Class A 448,000 2,054
  Transfar Zhilian Co. Ltd. Class A 2,395,026 2,050
  Shenzhen Rongda Photosensitive & Technology Co. Ltd. Class A 375,032 2,047
  Micro-Tech Nanjing Co. Ltd. Class A 163,907 2,043
* Sino GeoPhysical Co. Ltd. Class A 319,165 2,041
* Jiangyin Hengrun Heavy Industries Co. Ltd. Class A 531,710 2,039
  Nanjing Hanrui Cobalt Co. Ltd. Class A 286,200 2,038
1,2 Zhou Hei Ya International Holdings Co. Ltd. 10,833,904 2,037
  Shede Spirits Co. Ltd. Class A 313,952 2,036
  Jinyu Bio-Technology Co. Ltd. Class A 950,750 2,036
  Shenzhen Yan Tian Port Holding Co. Ltd. Class A 3,064,451 2,034
  Baoji Titanium Industry Co. Ltd. Class A 413,800 2,030
* Huaihe Energy Group Co. Ltd. Class A 3,830,300 2,028
  Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A 2,340,005 2,026
  Northking Information Technology Co. Ltd. Class A 918,680 2,024
* COFCO Biotechnology Co. Ltd. Class A 2,269,000 2,021
  Gambol Pet Group Co. Ltd. Class A 251,300 2,020
  Shanghai Haohai Biological Technology Co. Ltd. Class A 347,295 2,019
  Shanghai Highly Group Co. Ltd. Class A 767,400 2,019
  Hefei Meiya Optoelectronic Technology Inc. Class A 785,470 2,018
  Anhui Anke Biotechnology Group Co. Ltd. Class A 1,553,449 2,013
  Huangshan Tourism Development Co. Ltd. Class B 2,848,503 2,010
  Hangzhou EZVIZ Network Co. Ltd. Class A 438,168 2,010
  China Meheco Group Co. Ltd. Class A 1,318,564 2,005
  Primarius Technologies Co. Ltd. Class A 400,608 2,004
  Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A 1,128,619 2,004
  Keboda Technology Co. Ltd. Class A 253,381 2,003
  Yusys Technologies Co. Ltd. Class A 699,280 2,001
  Jiangsu Hengshun Vinegar Industry Co. Ltd. Class A 1,811,802 2,000
  Hexing Electrical Co. Ltd. Class A 474,089 1,999
  Xinxiang Richful Lube Additive Co. Ltd. Class A 292,564 1,998
  Citic Offshore Helicopter Co. Ltd. Class A 768,100 1,994
  Beijing Jetsen Technology Co. Ltd. Class A 2,422,335 1,992
  Shanghai Fullhan Microelectronics Co. Ltd. Class A 228,782 1,989
  Nanjing Gaoke Co. Ltd. Class A 1,689,379 1,988
26

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Shanghai Hanbell Precise Machinery Co. Ltd. Class A 487,880 1,980
  Xinhuanet Co. Ltd. Class A 670,340 1,980
  Hunan Zhongke Electric Co. Ltd. Class A 640,800 1,979
  Visual China Group Co. Ltd. Class A 615,131 1,975
  Lizhong Sitong Light Alloys Group Co. Ltd. Class A 627,679 1,974
  Aotecar New Energy Technology Group Co. Ltd. Class A 4,640,300 1,973
* Mabwell Shanghai Bioscience Co. Ltd. Class A 374,762 1,973
* Xinxiang Chemical Fiber Co. Ltd. Class A 1,663,349 1,971
* Huizhou Speed Wireless Technology Co. Ltd. Class A 443,300 1,969
  Huaming Power Equipment Co. Ltd. Class A 546,643 1,968
* Shanghai Anlogic Infotech Co. Ltd. Class A 397,342 1,965
  Longshine Technology Group Co. Ltd. Class A 975,625 1,964
  Wangfujing Group Co. Ltd. Class A 1,081,293 1,961
* Easyhome New Retail Group Co. Ltd. Class A 5,160,500 1,958
  Henan Liliang Diamond Co. Ltd. Class A 246,020 1,957
  Guangdong Construction Engineering Group Co. Ltd. Class A 3,541,600 1,957
  Valiant Co. Ltd. Class A 802,650 1,955
  Chongqing Fuling Zhacai Group Co. Ltd. Class A 1,056,397 1,949
  Shenzhen Agricultural Power Group Co. Ltd. Class A 1,800,429 1,949
* Xinjiang Xintai Natural Gas Co. Ltd. Class A 420,940 1,946
* Hongyuan Green Energy Co. Ltd. Class A 609,198 1,945
* Polaris Bay Group Co. Ltd. Class A 2,104,998 1,940
* Kunshan Kersen Science & Technology Co. Ltd. Class A 523,268 1,939
  Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co. Ltd. 1,996,700 1,934
  Shenzhen Bluetrum Technology Co. Ltd. Class A 115,801 1,932
* C*Core Technology Co. Ltd. Class A 335,471 1,929
* Staidson Beijing Biopharmaceuticals Co. Ltd. Class A 474,719 1,928
  CETC Digital Technology Co. Ltd. Class A 676,668 1,926
  Anhui Jiangnan Chemical Industry Co. Ltd. Class A 2,445,840 1,926
  Zhejiang Hisun Pharmaceutical Co. Ltd. Class A 1,159,800 1,925
  Jafron Biomedical Co. Ltd. Class A 688,160 1,923
  Hanwei Electronics Group Corp. Class A 303,102 1,918
* Zotye Automobile Co. Ltd. Class A 5,186,200 1,917
  MLS Co. Ltd. Class A 1,373,200 1,914
  Wasu Media Holding Co. Ltd. Class A 1,757,500 1,910
  China TransInfo Technology Co. Ltd. Class A 1,450,200 1,910
* Ourpalm Co. Ltd. Class A 2,598,261 1,909
*,2 Fenbi Ltd. 17,298,500 1,909
  Anhui Honglu Steel Construction Group Co. Ltd. Class A 670,499 1,909
  ORG Technology Co. Ltd. Class A 2,362,407 1,907
  Bank of Lanzhou Co. Ltd. Class A 5,832,800 1,906
  Zhejiang Semir Garment Co. Ltd. Class A 2,138,820 1,900
  Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. Class A 1,844,250 1,900
* Digital China Information Service Group Co. Ltd. Class A 940,143 1,898
* Hymson Laser Technology Group Co. Ltd. Class A 220,067 1,897
  Shandong Dawn Polymer Co. Ltd. Class A 429,200 1,894
  Yuan Longping High-tech Agriculture Co. Ltd. Class A 1,414,939 1,894
* Fujian Snowman Group Co. Ltd. Class A 724,468 1,893
*,1 AInnovation Technology Group Co. Ltd. Class H 3,904,000 1,889
* Shenzhen Ysstech Info-tech Co. Ltd. Class A 755,475 1,889
  Jiangsu Haili Wind Power Equipment Technology Co. Ltd. Class A 205,760 1,887
  Wuxi Paike New Materials Technology Co. Ltd. Class A 120,100 1,887
  Guizhou Tyre Co. Ltd. Class A 2,555,271 1,886
  Shanghai Huayi Group Co. Ltd. Class B 3,530,900 1,883
  Shanghai Liangxin Electrical Co. Ltd. Class A 1,107,172 1,883
  Streamax Technology Co. Ltd. Class A 183,400 1,883
* Xizang Tianlu Co. Ltd. Class A 1,367,834 1,882
* MCC Meili Cloud Computing Industry Investment Co. Ltd. Class A 672,428 1,879
  Eternal Asia Supply Chain Management Ltd. Class A 2,288,200 1,879
  Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A 1,241,257 1,877
  Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A 124,988 1,873
* Gemdale Corp. Class A 4,392,908 1,870
  Central China Land Media Co. Ltd. Class A 950,206 1,870
  Chongqing Sanfeng Environment Group Corp. Ltd. Class A 1,548,600 1,868
  Anhui Kouzi Distillery Co. Ltd. Class A 534,227 1,868
* Beijing SuperMap Software Co. Ltd. Class A 846,500 1,862
  Shanghai Shyndec Pharmaceutical Co. Ltd. Class A 1,323,971 1,862
  Windey Energy Technology Group Co. Ltd. Class A 781,628 1,859
  Sichuan Expressway Co. Ltd. Class A 2,062,211 1,853
* North Electro-Optic Co. Ltd. Class A 578,061 1,851
27

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A 853,819 1,851
  XGD Inc. Class A 568,700 1,850
  China Nonferrous Metal Industry's Foreign Engineering & Construction Co. Ltd. Class A 1,792,820 1,850
  Gansu Shangfeng Cement Co. Ltd. Class A 899,680 1,849
  Hsino Tower Group Co. Ltd. Class A 2,261,000 1,845
* Inner Mongolia Furui Medical Science Co. Ltd. Class A 248,900 1,844
  Sanquan Food Co. Ltd. Class A 873,620 1,841
  Tianneng Battery Group Co. Ltd. Class A 411,289 1,841
  Shenzhen Batian Ecotypic Engineering Co. Ltd. Class A 899,351 1,838
  Bank of Zhengzhou Co. Ltd. Class A 6,852,369 1,837
  Skyworth Digital Co. Ltd. Class A 985,400 1,837
* Tellhow Sci-Tech Co. Ltd. Class A 794,184 1,836
  Sunstone Development Co. Ltd. Class A 500,500 1,834
  Maccura Biotechnology Co. Ltd. Class A 1,187,730 1,829
* InventisBio Co. Ltd. Class A 533,088 1,828
* Grandjoy Holdings Group Co. Ltd. Class A 4,053,700 1,822
  Jiangxi Ganneng Co. Ltd. Class A 992,742 1,820
* Shenzhen Mason Technologies Co. Ltd. Class A 848,500 1,820
* Shenzhen Kingdom Sci-Tech Co. Ltd. Class A 904,798 1,820
  Zhejiang Medicine Co. Ltd. Class A 851,350 1,818
* Guangdong Topstar Technology Co. Ltd. Class A 422,540 1,816
* Wondershare Technology Group Co. Ltd. Class A 193,097 1,815
  Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A 1,103,444 1,813
  Xiamen ITG Group Corp. Ltd. Class A 1,997,574 1,810
  Shanghai Jahwa United Co. Ltd. Class A 611,625 1,806
  Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A 1,494,620 1,805
  Tibet Rhodiola Pharmaceutical Holding Co. Class A 304,612 1,804
  Focus Technology Co. Ltd. Class A 403,156 1,804
* Shanghai Bright Power Semiconductor Co. Ltd. Class A 79,389 1,803
* Shenzhen Chipscreen Biosciences Co. Ltd. Class A 390,708 1,799
  Hoymiles Power Electronics Inc. Class A 108,567 1,799
  Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A 1,334,292 1,798
  DongFeng Automobile Co. Ltd. Class A 1,824,112 1,798
  CCCC Design & Consulting Group Co. Ltd. Class A 1,839,750 1,797
  Qingdao Huicheng Environmental Technology Group Co. Ltd. Class A 174,880 1,792
  Willfar Information Technology Co. Ltd. Class A 326,019 1,791
  Jingjin Equipment Inc. Class A 649,426 1,784
  CNSIG Inner Mongolia Chemical Industry Co. Ltd. Class A 1,502,859 1,784
  Dalian Huarui Heavy Industry Group Co. Ltd. Class A 1,772,720 1,784
  BBMG Corp. Class A 7,317,593 1,782
  Sinosoft Co. Ltd. Class A 736,976 1,780
  YGSOFT Inc. Class A 1,925,995 1,778
  Yangling Metron New Material Inc. Class A 610,820 1,776
  Yifan Pharmaceutical Co. Ltd. Class A 1,079,602 1,774
* AECC Aero Science & Technology Co. Ltd. Class A 324,800 1,772
* Henan Huanghe Whirlwind Co. Ltd. Class A 1,428,980 1,770
* Nsing Technologies Inc. Class A 521,400 1,767
  GRG Metrology & Test Group Co. Ltd. Class A 562,700 1,766
  Lao Feng Xiang Co. Ltd. Class A 305,500 1,765
  Norinco International Cooperation Ltd. Class A 939,308 1,764
  Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A 1,830,158 1,764
  Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A 472,387 1,763
  JiuGui Liquor Co. Ltd. Class A 281,400 1,763
  Guobang Pharma Ltd. Class A 502,900 1,761
  Zhejiang Runtu Co. Ltd. Class A 1,102,951 1,759
  Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A 438,390 1,757
* Toyou Feiji Electronics Co. Ltd. Class A 424,635 1,755
  Sichuan Jiuzhou Electric Co. Ltd. Class A 934,400 1,755
  Beijing Balance Medical Technology Co. Ltd. Class A 123,757 1,755
  Shenzhen Gas Corp. Ltd. Class A 1,729,003 1,755
  Hefei Chipmore Technology Co. Ltd. Class A 918,615 1,754
  Xinjiang Joinworld Co. Ltd. Class A 1,379,316 1,750
  Sichuan Anning Iron & Titanium Co. Ltd. Class A 382,213 1,749
  Shaanxi Construction Engineering Group Corp. Ltd. Class A 3,428,625 1,749
  Harbin Hatou Investment Co. Ltd. Class A 1,946,200 1,746
  Yantai Zhenghai Magnetic Material Co. Ltd. Class A 895,173 1,745
  Riyue Heavy Industry Co. Ltd. Class A 930,460 1,742
  Stanley Agricultural Group Co. Ltd. Class A 1,085,928 1,741
  Lingyun Industrial Corp. Ltd. Class A 1,175,240 1,740
  Jiangsu Provincial Agricultural Reclamation & Development Corp. Class A 1,191,892 1,737
28

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Wuxi Rural Commercial Bank Co. Ltd. Class A 2,070,000 1,736
* TPV Technology Co. Ltd. Class A 4,464,700 1,736
  China National Accord Medicines Corp. Ltd. Class B 978,465 1,732
  Guangdong Taienkang Pharmaceutical Co. Ltd. Class A 409,300 1,732
* Zhuhai Aerospace Microchips Science & Technology Co. Ltd. Class A 656,208 1,730
  Fangda Special Steel Technology Co. Ltd. Class A 2,024,055 1,729
  Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A 869,000 1,728
  Jiangxi Hongcheng Environment Co. Ltd. Class A 1,144,900 1,723
  China Railway Special Cargo Logistics Co. Ltd. Class A 2,953,200 1,723
* Greatoo Intelligent Equipment Inc. Class A 2,052,300 1,721
  Suzhou Nanomicro Technology Co. Ltd. Class A 359,533 1,721
  Zhejiang Wanma Co. Ltd. Class A 905,572 1,720
* Shanghai Yizhong Pharmaceutical Co. Ltd. Class A 211,831 1,720
* Shuangliang Eco-Energy Systems Co. Ltd. Class A 1,924,165 1,718
  Jiangsu Linyang Energy Co. Ltd. Class A 1,919,925 1,713
* Oriental Energy Co. Ltd. Class A 1,452,221 1,711
  Shanghai Haixin Group Co. Class B 6,496,006 1,710
  Shandong Pharmaceutical Glass Co. Ltd. Class A 625,732 1,709
  Hunan TV & Broadcast Intermediary Co. Ltd. Class A 1,329,500 1,708
  Anhui Jinhe Industrial Co. Ltd. Class A 498,800 1,707
  Telling Telecommunication Holding Co. Ltd. Class A 994,100 1,707
  Mehow Innovative Ltd. Class A 433,860 1,705
  Ovctek China Inc. Class A 805,582 1,704
  Henan Zhongyuan Expressway Co. Ltd. Class A 2,878,800 1,704
  China Bester Group Telecom Co. Ltd. Class A 409,299 1,702
  CIMC Vehicles Group Co. Ltd. Class A 1,297,200 1,700
  Jiangsu Guoxin Corp. Ltd. Class A 1,520,000 1,699
* Alpha Group Class A 1,389,201 1,699
  Shanghai Dazhong Public Utilities Group Co. Ltd. Class A 2,180,100 1,696
  Harbin Boshi Automation Co. Ltd. Class A 900,832 1,693
  Qingdao Gaoce Technology Co. Ltd. Class A 860,750 1,691
  China Science Publishing & Media Ltd. Class A 454,000 1,691
  MotoMotion China Corp. Class A 184,600 1,687
  Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A 828,670 1,683
  Shenzhen Urban Transport Planning Center Co. Ltd. Class A 539,212 1,683
* Minmetals Development Co. Ltd. Class A 1,027,086 1,682
  Longhua Technology Group Luoyang Co. Ltd. Class A 1,078,600 1,675
* Vcanbio Cell & Gene Engineering Corp. Ltd. Class A 440,200 1,674
  Guangzhou Zhujiang Brewery Co. Ltd. Class A 1,096,759 1,666
* Hunan Corun New Energy Co. Ltd. Class A 1,484,230 1,661
  Zhejiang Jingu Co. Ltd. Class A 908,760 1,660
* Top Energy Co. Ltd. Shanxi Class A 1,653,444 1,654
  DeHua TB New Decoration Materials Co. Ltd. Class A 760,550 1,653
  Ningbo TIP Rubber Technology Co. Ltd. Class A 110,400 1,653
* Merit Interactive Co. Ltd. Class A 384,848 1,652
  Zhuzhou Times New Material Technology Co. Ltd. Class A 936,900 1,652
  Henan Lingrui Pharmaceutical Co. Class A 504,300 1,651
* Porton Pharma Solutions Ltd. Class A 527,750 1,651
  Guangzhou Port Co. Ltd. Class A 3,471,400 1,649
  CETC Cyberspace Security Technology Co. Ltd. Class A 715,573 1,646
  Kidswant Children Products Co. Ltd. Class A 1,263,300 1,642
  Ningbo Yongxin Optics Co. Ltd. Class A 97,100 1,639
  Guangdong Ellington Electronics Technology Co. Ltd. Class A 972,164 1,639
  Beijing Dahao Technology Corp. Ltd. Class A 676,544 1,631
* Shenzhen Clou Electronics Co. Ltd. Class A 1,592,100 1,629
* Beijing Capital Development Co. Ltd. Class A 2,443,183 1,629
  Shenzhen Center Power Tech Co. Ltd. Class A 400,750 1,629
* Chengdu ALD Aviation Manufacturing Corp. Class A 282,542 1,626
  China World Trade Center Co. Ltd. Class A 526,735 1,621
  Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H 1,201,250 1,619
  Shenzhen Desay Battery Technology Co. Class A 377,942 1,616
  OPT Machine Vision Tech Co. Ltd. Class A 100,391 1,614
  Zhejiang Weixing Industrial Development Co. Ltd. Class A 1,095,952 1,606
  Inmyshow Digital Technology Group Co. Ltd. Class A 1,830,957 1,604
* Beijing Jingwei Hirain Technologies Co. Inc. Class A 121,713 1,603
  Nantong Jiangshan Agrochemical & Chemical LLC Class A 377,112 1,601
  Black Peony Group Co. Ltd. Class A 984,700 1,599
  Dian Diagnostics Group Co. Ltd. Class A 561,937 1,598
  IReader Technology Co. Ltd. Class A 434,794 1,598
* Jolywood Suzhou Sunwatt Co. Ltd. Class A 1,067,710 1,594
29

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Tianjin 712 Communication & Broadcasting Co. Ltd. Class A 673,900 1,594
* CITIC Guoan Information Industry Co. Ltd. Class A 3,644,200 1,590
  Tangshan Sunfar Silicon Industry Co. Ltd. Class A 380,560 1,590
  China Sports Industry Group Co. Ltd. Class A 908,800 1,580
  Jiangnan Mould & Plastic Technology Co. Ltd. Class A 887,900 1,578
  Zhejiang Jiahua Energy Chemical Industry Co. Ltd. Class A 1,317,600 1,578
  Fushun Special Steel Co. Ltd. Class A 1,960,890 1,572
  Beijing Gehua CATV Network Co. Ltd. Class A 1,339,400 1,571
  Sichuan Injet Electric Co. Ltd. Class A 216,000 1,568
  Triangle Tyre Co. Ltd. Class A 727,500 1,566
  Digiwin Co. Ltd. Class A 272,194 1,564
* Jinzhou Yongshan Lithium Co. Ltd. Class A 547,189 1,564
  CMST Development Co. Ltd. Class A 2,022,131 1,563
  Qinchuan Machine Tool & Tool Group Share Co. Ltd. Class A 954,600 1,558
  Pacific Shuanglin Bio-pharmacy Co. Ltd. Class A 888,424 1,554
  Weaver Network Technology Co. Ltd. Class A 231,500 1,552
  Zhongmin Energy Co. Ltd. Class A 1,714,927 1,552
  Camel Group Co. Ltd. Class A 1,063,051 1,552
  Jangho Group Co. Ltd. Class A 1,104,707 1,552
  China National Accord Medicines Corp. Ltd. Class A 430,751 1,550
* PCI Technology Group Co. Ltd. Class A 1,972,258 1,548
  Qianhe Condiment & Food Co. Ltd. Class A 1,151,549 1,545
  Xiamen King Long Motor Group Co. Ltd. Class A 676,646 1,544
*,3 Doushen Beijing Education & Technology Inc. Class A 2,058,500 1,543
  BBMG Jidong Cement Group Co. Ltd. Class A 2,457,177 1,543
  Shanghai Environment Group Co. Ltd. Class A 1,281,808 1,538
  Beijing Urban Construction Investment & Development Co. Ltd. Class A 2,037,376 1,535
  Southern Publishing & Media Co. Ltd. Class A 836,400 1,533
  Jiangsu Yunyi Electric Co. Ltd. Class A 878,840 1,532
  C&S Paper Co. Ltd. Class A 1,224,890 1,532
* Hainan Haide Capital Management Co. Ltd. Class A 1,565,573 1,530
  Laobaixing Pharmacy Chain JSC Class A 744,750 1,530
  Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B 2,208,638 1,528
  Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. Class A 196,600 1,528
  China Merchants Property Operation & Service Co. Ltd. Class A 1,015,616 1,525
  Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A 684,213 1,524
* Lanzhou LS Heavy Equipment Co. Ltd. Class A 1,229,188 1,524
* Visionox Technology Inc. Class A 1,281,646 1,524
  Shenzhen Noposin Crop Science Co. Ltd. Class A 949,300 1,523
  Shanghai Bailian Group Co. Ltd. Class A 1,254,688 1,520
  Anhui Hengyuan Coal Industry & Electricity Power Co. Ltd. Class A 1,249,071 1,519
  Shanghai Zijiang Enterprise Group Co. Ltd. Class A 1,482,615 1,519
* Shanghai Milkground Food Tech Co. Ltd. Class A 501,574 1,519
  Xianhe Co. Ltd. Class A 470,545 1,518
  Innuovo Technology Co. Ltd. Class A 1,119,455 1,517
  Shanghai Datun Energy Resources Co. Ltd. Class A 745,100 1,516
  Yantai Dongcheng Pharmaceutical Co. Ltd. Class A 795,661 1,516
* Chongqing Iron & Steel Co. Ltd. Class A 7,371,524 1,514
  Shenzhen Microgate Technology Co. Ltd. Class A 822,600 1,507
  Befar Group Co. Ltd. Class A 1,918,734 1,506
  Shanghai SMI Holding Co. Ltd. Class A 2,404,797 1,504
  Sunvim Group Co. Ltd. Class A 909,600 1,503
  Mayinglong Pharmaceutical Group Co. Ltd. Class A 393,226 1,500
* Zhuhai Zhumian Group Co. Ltd. 1,721,120 1,499
* Guangdong Guanghua Sci-Tech Co. Ltd. Class A 470,242 1,499
* Jihua Group Corp. Ltd. Class A (XSHG) 3,491,500 1,498
* Jinneng Holding Shanxi Electric Power Co. Ltd. Class A 2,698,046 1,495
  Chengdu CORPRO Technology Co. Ltd. Class A 519,000 1,494
  Jade Bird Integrated Technologies Co. Ltd. 840,164 1,493
  Guangdong Baolihua New Energy Stock Co. Ltd. Class A 1,926,460 1,492
* Vanchip Tianjin Technology Co. Ltd. Class A 316,939 1,490
  Autohome Inc. Class A 319,568 1,486
* Sanwei Holding Group Co. Ltd. Class A 900,939 1,486
  Suzhou Anjie Technology Co. Ltd. Class A 613,109 1,486
  Shandong Publishing & Media Co. Ltd. Class A 1,360,300 1,485
  Shanxi Lanhua Sci-Tech Venture Co. Ltd. Class A 1,430,650 1,484
  Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A 349,609 1,484
* Shenzhen Gongjin Electronics Co. Ltd. Class A 690,588 1,484
  Bros Eastern Co. Ltd. Class A 1,089,489 1,483
  Zhejiang Communications Technology Co. Ltd. Class A 2,599,740 1,483
30

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Hangzhou Dptech Technologies Co. Ltd. Class A 585,347 1,482
  Jinlongyu Group Co. Ltd. Class A 372,600 1,479
  Jiangsu Xukuang Energy Co. Ltd. Class A 2,150,800 1,478
* Shenzhen Fine Made Electronics Group Co. Ltd. Class A 215,200 1,476
* Guangdong Orient Zirconic Ind Sci & Tech Co. Ltd. Class A 775,900 1,475
  Three's Co. Future Technology Group Co. Ltd. Class A 213,108 1,474
  Shenzhen Xinyichang Technology Co. Ltd. Class A 99,128 1,474
  Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A 281,658 1,473
* Hainan Development Holdings Nanhai Co. Ltd. Class A 805,500 1,470
  Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A 2,920,805 1,465
  Songz Automobile Air Conditioning Co. Ltd. Class A 1,005,200 1,465
* Beijing Haixin Energy Technology Co. Ltd. Class A 2,183,007 1,465
  Fujian Dongbai Group Co. Ltd. Class A 876,300 1,464
  Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A 993,031 1,459
  Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A 2,182,280 1,457
  Zhejiang Asia-Pacific Mechanical & Electronic Co. Ltd. Class A 745,400 1,456
  Biem.L.Fdlkk Garment Co. Ltd. Class A 489,664 1,454
  Jiangxi Ganyue Expressway Co. Ltd. Class A 2,233,300 1,450
* Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A 987,437 1,450
* Guizhou Broadcasting & TV Information Network Co. Ltd. Class A 1,169,600 1,450
  Huapont Life Sciences Co. Ltd. Class A 1,986,101 1,450
  Suofeiya Home Collection Co. Ltd. Class A 823,278 1,449
  Chinese Universe Publishing & Media Group Co. Ltd. Class A 1,190,036 1,448
  Leshan Giantstar Farming & Husbandry Corp. Ltd. Class A 525,800 1,446
  Guangzhou Zhiguang Electric Co. Ltd. Class A 749,700 1,445
*,3 Beijing VRV Software Corp. Ltd. Class A 1,365,700 1,444
* Jishi Media Co. Ltd. Class A 3,379,800 1,444
  Hangzhou Honghua Digital Technology Stock Co. Ltd. Class A 163,713 1,443
  Zhejiang Conba Pharmaceutical Co. Ltd. Class A 2,197,418 1,442
  Beijing Water Business Doctor Co. Ltd. Class A 844,674 1,440
  Suzhou Good-Ark Electronics Co. Ltd. Class A 837,100 1,439
  Eastcompeace Technology Co. Ltd. Class A 514,815 1,438
* Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A 1,547,217 1,438
  CQ Pharmaceutical Holding Co. Ltd. Class A 1,688,400 1,436
  Shenzhen Leaguer Co. Ltd. Class A 1,145,721 1,435
  Sonoscape Medical Corp. Class A 401,567 1,435
* Guangdong TCL Smart Home Appliances Co. Ltd. 1,024,300 1,435
  Anhui Expressway Co. Ltd. Class A 626,200 1,434
  Yantai China Pet Foods Co. Ltd. Class A 290,600 1,434
  Guangdong Tapai Group Co. Ltd. Class A 1,138,837 1,430
  Xinjiang Communications Construction Group Co. Ltd. Class A 701,300 1,429
  Explosive Co. Ltd. Class A 894,300 1,427
* Shanghai Industrial Development Co. Ltd. Class A 1,836,782 1,426
  Tayho Advanced Materials Group Co. Ltd. Class A 857,161 1,425
  Shanxi Coking Co. Ltd. Class A 2,255,474 1,421
  Zhejiang Jolly Pharmaceutical Co. Ltd. Class A 636,900 1,421
* EFORT Intelligent Robot Co. Ltd. Class A 531,303 1,421
  Jiangsu Suzhou Rural Commercial Bank Co. Ltd. Class A 1,951,950 1,420
  Dongguan Development Holdings Co. Ltd. Class A 932,001 1,419
  Fujian Expressway Development Co. Ltd. Class A 2,656,900 1,419
  HBIS Resources Co. Ltd. Class A 572,700 1,419
  Hongrun Construction Group Co. Ltd. Class A 1,089,346 1,418
  PharmaBlock Sciences Nanjing Inc. Class A 241,905 1,416
  Jiangsu Guomao Reducer Co. Ltd. Class A 612,452 1,415
  Jinlei Technology Co. Ltd. Class A 317,700 1,414
  Taiji Computer Corp. Ltd. Class A 556,906 1,413
  Fujian Qingshan Paper Industry Co. Ltd. Class A 2,162,690 1,411
  Jiangsu Zijin Rural Commercial Bank Co. Ltd. Class A 3,576,900 1,410
* Beijing Jingyuntong Technology Co. Ltd. Class A 2,437,903 1,410
  Qingdao Baheal Pharmaceutical Co. Ltd. Class A 388,200 1,406
* Hangjin Technology Co. Ltd. Class A 626,350 1,406
  Tofflon Science & Technology Group Co. Ltd. Class A 727,854 1,405
  Hengbao Co. Ltd. Class A 671,300 1,404
  Cangzhou Mingzhu Plastic Co. Ltd. Class A 1,697,797 1,404
*,2 XXF Group Holdings Ltd. 12,457,500 1,403
  Chongqing Chuanyi Automation Co. Ltd. Class A 489,338 1,400
* Gansu Jiu Steel Group Hongxing Iron & Steel Co. Ltd. Class A 5,365,600 1,394
  Zhejiang Wanliyang Co. Ltd. Class A 1,332,300 1,391
  Naruida Technology Co. Ltd. Class A 271,340 1,390
  Sansure Biotech Inc. Class A 552,749 1,390
31

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Changjiang Publishing & Media Co. Ltd. Class A 1,099,100 1,387
  Neusoft Corp. Class A 1,066,966 1,387
  Hubei Jiuzhiyang Infrared System Co. Ltd. Class A 184,037 1,386
  Wuhan East Lake High Technology Group Co. Ltd. Class A 1,050,600 1,386
  Eyebright Medical Technology Beijing Co. Ltd. Class A 183,848 1,383
* Wuxi Huadong Heavy Machinery Co. Ltd. Class A 1,022,158 1,382
  Sunward Intelligent Equipment Co. Ltd. Class A 949,320 1,382
  Xinjiang Xuefeng Sci-Tech Group Co. Ltd. Class A 1,094,700 1,381
  Kailuan Energy Chemical Co. Ltd. Class A 1,599,269 1,380
  Guizhou Panjiang Refined Coal Co. Ltd. Class A 1,703,900 1,380
* Genimous Technology Co. Ltd. Class A 1,270,335 1,379
* Gosuncn Technology Group Co. Ltd. Class A 1,697,592 1,378
  Shanghai Foreign Service Holding Group Co. Ltd. Class A 1,851,900 1,377
* Jiangsu Zongyi Co. Ltd. Class A 1,224,100 1,376
  Yueyang Forest & Paper Co. Ltd. Class A 2,021,160 1,376
* Huludao Zinc Industry Co. Class A 1,526,300 1,375
  Asian Star Anchor Chain Co. Ltd. Jiangsu Class A 858,650 1,375
* China Enterprise Co. Ltd. Class A 3,632,135 1,375
  Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co. Ltd. Class A 1,793,499 1,373
  Shandong Head Group Co. Ltd. Class A 349,400 1,370
  Beijing Lier High-temperature Materials Co. Ltd. Class A 1,011,771 1,369
* Youzu Interactive Co. Ltd. Class A 911,416 1,368
* Xian International Medical Investment Co. Ltd. Class A 2,028,087 1,367
* Bringspring Science & Technology Co. Ltd. Class A 586,000 1,365
  Edifier Technology Co. Ltd. Class A 835,300 1,364
* KingClean Electric Co. Ltd. Class A 290,200 1,363
* Chongqing Genrix Biopharmaceutical Co. Ltd. Class A 313,323 1,363
  Sinomach Automobile Co. Ltd. Class A 1,528,100 1,360
  Wuxi Boton Technology Co. Ltd. Class A 399,404 1,358
  Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. Class A 189,129 1,358
  Changzhou Qianhong Biopharma Co. Ltd. Class A 1,317,650 1,355
  Sinosteel Engineering & Technology Co. Ltd. Class A 1,420,700 1,355
* 263 Network Communications Co. Ltd. Class A 1,350,860 1,354
  Sino Wealth Electronic Ltd. Class A 336,367 1,354
  City Development Environment Co. Ltd. Class A 654,680 1,353
  Chengdu RML Technology Co. Ltd. Class A 232,038 1,353
  Huatu Cendes Co. Ltd. Class A 185,280 1,352
  PNC Process Systems Co. Ltd. Class A 368,480 1,351
  ZWSOFT Co. Ltd. Guangzhou Class A 161,766 1,347
* Kingsignal Technology Co. Ltd. Class A 620,360 1,346
* SanFeng Intelligent Equipment Group Co. Ltd. Class A 1,336,600 1,345
  Zhejiang Jinggong Integration Technology Co. Ltd. Class A 513,600 1,344
  Beijing Wandong Medical Technology Co. Ltd. Class A 633,223 1,340
  Xiamen Kingdomway Group Co. Class A 599,100 1,338
* Financial Street Holdings Co. Ltd. Class A 2,880,311 1,338
  Lier Chemical Co. Ltd. Class A 706,221 1,337
  New Guomai Digital Culture Co. Ltd. Class A 733,200 1,336
  Jiangsu Zhengdan Chemical Industry Co. Ltd. Class A 518,940 1,331
  Shenzhen Hello Tech Energy Co. Ltd. Class A 144,743 1,329
  Huaxia Eye Hospital Group Co. Ltd. Class A 497,500 1,328
  Huadian Heavy Industries Co. Ltd. Class A 1,019,585 1,328
* Jiangsu Yinhe Electronics Co. Ltd. Class A 1,113,033 1,327
* Guangdong Golden Dragon Development Inc. Class A 865,600 1,324
  FESCO Group Co. Ltd. Class A 568,248 1,324
  Sinocare Inc. Class A 543,300 1,323
  Lihuayi Weiyuan Chemical Co. Ltd. Class A 463,100 1,318
  North Huajin Chemical Industries Co. Ltd. Class A 1,582,103 1,318
  Rianlon Corp. Class A 206,800 1,317
  Shinva Medical Instrument Co. Ltd. Class A 652,622 1,316
  Guangxi Wuzhou Communications Co. Ltd. Class A 2,299,619 1,312
* Zhejiang Huatong Meat Products Co. Ltd. Class A 702,200 1,309
* Yechiu Metal Recycling China Ltd. Class A 2,176,400 1,307
  Jinhui Liquor Co. Ltd. Class A 502,000 1,306
* Kuangda Technology Group Co. Ltd. Class A 1,463,584 1,305
  Shenzhen Laibao Hi-tech Co. Ltd. Class A 845,787 1,305
* China Express Airlines Co. Ltd. Class A 1,118,500 1,302
  Hubei Chutian Smart Communication Co. Ltd. Class A 2,312,680 1,302
  Shenzhen Invt Electric Co. Ltd. Class A 1,134,952 1,301
* Insigma Technology Co. Ltd. Class A 1,008,500 1,300
  Hunan Friendship & Apollo Commercial Co. Ltd. Class A 1,433,100 1,300
32

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Jiangsu Jiuding New Material Co. Ltd. 659,700 1,297
* Guizhou Zhenhua E-chem Inc. Class A 533,730 1,297
  Jinghua Pharmaceutical Group Co. Ltd. Class A 1,173,671 1,296
  Shandong Denghai Seeds Co. Ltd. Class A 864,118 1,296
  Luolai Lifestyle Technology Co. Ltd. Class A 784,283 1,293
  Xinyu Iron & Steel Co. Ltd. Class A 2,847,500 1,292
  Rizhao Port Co. Ltd. Class A 2,975,800 1,290
  Bright Dairy & Food Co. Ltd. Class A 1,183,800 1,285
  CSG Holding Co. Ltd. Class A 2,167,900 1,280
  Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A 1,124,185 1,279
* Saurer Intelligent Technology Co. Ltd. Class A 1,774,600 1,276
* Beijing Watertek Information Technology Co. Ltd. Class A 1,756,947 1,276
  ShaanXi Provincial Natural Gas Co. Ltd. Class A 1,093,000 1,272
  Jiangsu Shagang Co. Ltd. Class A 1,952,785 1,272
  CECEP Environmental Protection Co. Ltd. Class A 1,309,500 1,272
  Liaoning Chengda Biotechnology Co. Ltd. Class A 376,001 1,269
  Nanjing Xinjiekou Department Store Co. Ltd. Class A 1,269,500 1,266
* Suzhou Jinfu Technology Co. Ltd. Class A 1,332,600 1,266
  Qingdao Haier Biomedical Co. Ltd. Class A 274,959 1,265
* Nanfang Pump Industry Co. Ltd. Class A 1,775,883 1,264
  Double Medical Technology Inc. Class A 198,602 1,264
* INKON Life Technology Co. Ltd. Class A 764,300 1,264
* Hunan Er-Kang Pharmaceutical Co. Ltd. Class A 1,968,079 1,263
  Shenzhen Changhong Technology Co. Ltd. Class A 485,400 1,261
  Guangzhou Wondfo Biotech Co. Ltd. Class A 469,718 1,260
* Chengdu Guoguang Electric Co. Ltd. Class A 105,700 1,260
* Baosheng Science & Technology Innovation Co. Ltd. Class A 1,174,924 1,257
  Luenmei Quantum Co. Ltd. Class A 1,286,022 1,255
  Shanghai Haixin Group Co. Class A 1,025,400 1,255
  Qinhuangdao Port Co. Ltd. Class A 2,444,900 1,254
  Shandong Bohui Paper Industrial Co. Ltd. Class A 1,345,900 1,253
  Zhejiang Guyuelongshan Shaoxing Wine Co. Ltd. Class A 959,788 1,252
  Arctech Solar Holding Co. Ltd. Class A 209,690 1,249
  Zhejiang Qianjiang Motorcycle Co. Ltd. Class A 630,749 1,248
  CSG Smart Science & Technology Co. Ltd. Class A 756,395 1,245
* Guangdong Lyric Robot Automation Co. Ltd. Class A 156,116 1,244
  Guangdong South New Media Co. Ltd. Class A 222,892 1,242
  Hangzhou Onechance Tech Corp. Class A 241,325 1,237
* Jiangsu Kanion Pharmaceutical Co. Ltd. Class A 626,784 1,237
  Shandong Jinjing Science & Technology Co. Ltd. Class A 1,433,996 1,236
  Beijing Shunxin Agriculture Co. Ltd. Class A 663,746 1,236
  Zhejiang Construction Investment Group Co. Ltd. Class A 1,006,378 1,236
  Shenzhen Sunline Tech Co. Ltd. Class A 711,652 1,235
* Huafu Fashion Co. Ltd. Class A 1,703,810 1,234
  Chengdu Leejun Industrial Co. Ltd. Class A 874,161 1,233
  First Tractor Co. Ltd. Class A 603,689 1,225
  Shandong Hi-Speed Road & Bridge Group Co. Ltd. Class A 1,506,900 1,224
  Fulongma Group Co. Ltd. Class A 438,820 1,223
  Suzhou Oriental Semiconductor Co. Ltd. Class A 112,508 1,219
* Guang Dong Tloong Technology Group Co. Ltd. Class A 723,970 1,217
  Guangzhou Restaurant Group Co. Ltd. Class A 534,761 1,216
* Greattown Holdings Ltd. Class A 1,759,421 1,215
  East China Engineering Science & Technology Co. Ltd. Class A 660,900 1,215
  Jiang Su Suyan Jingshen Co. Ltd. Class A 761,500 1,214
* Quzhou DFP New Material Group Co. Ltd. 1,824,232 1,214
  Huafon Microfibre Shanghai Technology Co. Ltd. Class A 1,565,301 1,213
  North China Pharmaceutical Co. Ltd. Class A 1,585,460 1,212
  Zhejiang Tiantie Science & Technology Co. Ltd. Class A 1,340,978 1,212
* Anhui Guofeng New Materials Co. Ltd. Class A 910,400 1,212
* Shanying International Holding Co. Ltd. Class A 5,678,725 1,209
  Cheng De Lolo Co. Ltd. Class A 926,372 1,208
* Shanghai STEP Electric Corp. Class A 634,700 1,207
  Guangdong Guanhao High-Tech Co. Ltd. Class A 1,698,100 1,206
* Sichuan Haite High-tech Co. Ltd. Class A 649,180 1,201
  Zhuhai Huafa Properties Co. Ltd. Class A 2,363,266 1,200
  China Railway Tielong Container Logistics Co. Ltd. Class A 1,333,150 1,199
* Anhui Tatfook Technology Co. Ltd. Class A 741,800 1,196
  JSTI Group Class A 1,199,857 1,192
  Shenzhen Click Technology Co. Ltd. Class A 420,000 1,192
* Tianjin Benefo Tejing Electric Co. Ltd. Class A 1,083,766 1,191
33

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  China Resources Boya Bio-pharmaceutical Group Co. Ltd. Class A 464,100 1,188
* Shenzhen Baoming Technology Co. Ltd. Class A 154,200 1,188
  Guomai Technologies Inc. Class A 968,065 1,183
* HyUnion Holding Co. Ltd. Class A 1,101,382 1,181
* Beijing Aerospace Changfeng Co. Ltd. Class A 431,387 1,178
  Yuneng Technology Co. Ltd. Class A 154,687 1,176
  Shanghai Kaibao Pharmaceutical Co. Ltd. Class A 1,384,808 1,175
  Opple Lighting Co. Ltd. Class A 395,100 1,174
  Chongqing Department Store Co. Ltd. Class A 374,760 1,172
  Chongqing Road & Bridge Co. Ltd. Class A 1,338,000 1,168
  Topsec Technologies Group Inc. Class A 1,084,532 1,167
  Xiamen Port Development Co. Ltd. Class A 729,516 1,166
  ZYNP Corp. Class A 522,900 1,163
  Shanghai Yaoji Technology Co. Ltd. Class A 386,659 1,163
  Winall Hi-Tech Seed Co. Ltd. Class A 935,130 1,163
  Joyoung Co. Ltd. Class A 727,292 1,162
  Suzhou New District Hi-Tech Industrial Co. Ltd. Class A 971,906 1,161
  Nanjing Les Information Technology Co. Ltd. Class A 139,135 1,156
  Zhejiang Xianju Pharmaceutical Co. Ltd. Class A 898,950 1,155
  Sino Biological Inc. Class A 110,770 1,155
* Bright Real Estate Group Co. Ltd. Class A 2,068,005 1,151
  Anhui Xinhua Media Co. Ltd. Class A 1,299,982 1,149
* Yibin Tianyuan Group Co. Ltd. Class A 1,118,558 1,148
* Harbin Pharmaceutical Group Co. Ltd. Class A 2,186,931 1,148
  Shenzhen Topraysolar Co. Ltd. Class A 1,427,758 1,147
  Zhongyuan Environment-Protection Co. Ltd. Class A 923,568 1,145
  Foran Energy Group Co. Ltd. Class A 639,212 1,145
  Shanghai Runda Medical Technology Co. Ltd. Class A 580,320 1,145
* Zhejiang Narada Power Source Co. Ltd. Class A 879,962 1,144
  Milkyway Intelligent Supply Chain Service Group Co. Ltd. Class A 137,000 1,142
* Guangdong Goworld Co. Ltd. Class A 521,444 1,141
  Jiangling Motors Corp. Ltd. Class A 414,198 1,141
  Shanghai Chlor-Alkali Chemical Co. Ltd. Class A 602,300 1,140
  Shenzhen YHLO Biotech Co. Ltd. Class A 562,515 1,139
  Changjiang & Jinggong Steel Building Group Co. Ltd. Class A 1,872,197 1,139
*,3 Shenzhen Neptunus Bioengineering Co. Ltd. Class A 2,438,150 1,137
* Toly Bread Co. Ltd. Class A 1,555,939 1,137
* Xinzhi Group Co. Ltd. Class A 382,400 1,136
  Shanghai Kelai Mechatronics Engineering Co. Ltd. Class A 346,600 1,134
  Guangzhou Hengyun Enterprises Holdings Ltd. Class A 1,095,131 1,133
  Edan Instruments Inc. Class A 517,400 1,130
* Bio-Thera Solutions Ltd. Class A 373,345 1,129
  Xiangyu Medical Co. Ltd. Class A 130,760 1,128
  Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A 706,401 1,126
* Shanghai Jiao Yun Co. Ltd. Class A 936,690 1,126
  Renhe Pharmacy Co. Ltd. Class A 1,348,548 1,124
* Shanghai AJ Group Co. Ltd. Class A 1,578,698 1,118
  Qiming Information Technology Co. Ltd. Class A 431,181 1,118
* LianChuang Electronic Technology Co. Ltd. Class A 989,561 1,118
* Daan Gene Co. Ltd. Class A 1,317,523 1,118
* Beijing eGOVA Co. Ltd. Class A 571,612 1,116
  Chengdu Kanghua Biological Products Co. Ltd. Class A 133,175 1,112
  Sanjiang Shopping Club Co. Ltd. Class A 556,800 1,112
* Shaanxi Fenghuo Electronics Co. Ltd. Class A 796,129 1,111
  Fujian Septwolves Industry Co. Ltd. Class A 675,609 1,109
* Hongbo Co. Ltd. Class A 456,950 1,107
  Shanxi Blue Flame Holding Co. Ltd. Class A 824,336 1,107
  Jiangsu Gian Technology Co. Ltd. Class A 180,768 1,107
* China Reform Health Management & Services Group Co. Ltd. Class A 952,792 1,106
  Zhejiang Yonggui Electric Equipment Co. Ltd. Class A 330,670 1,105
  Tianjin Capital Environmental Protection Group Co. Ltd. Class A 1,214,397 1,105
  Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A 590,281 1,105
* Guangxi Wuzhou Zhongheng Group Co. Ltd. Class A 3,064,100 1,105
* Red Star Macalline Group Corp. Ltd. Class A 2,818,430 1,104
  Create Technology & Science Co. Ltd. Class A 462,907 1,104
* Shenzhen Minglida Precision Technology Co. Ltd. Class A 326,500 1,103
  Zhejiang Ausun Pharmaceutical Co. Ltd. Class A 763,490 1,100
  Keshun Waterproof Technologies Co. Ltd. Class A 1,101,860 1,099
  Motic Xiamen Electric Group Co. Ltd. Class A 486,429 1,094
  Sunflower Pharmaceutical Group Co. Ltd. Class A 538,108 1,094
34

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Zhejiang Jingxing Paper JSC Ltd. Class A 1,524,700 1,094
* Montnets Cloud Technology Group Co. Ltd. Class A 785,000 1,094
  Amoy Diagnostics Co. Ltd. Class A 368,460 1,093
* Chongqing Taiji Industry Group Co. Ltd. Class A 478,800 1,092
  Sumavision Technologies Co. Ltd. Class A 1,336,200 1,091
  China CYTS Tours Holding Co. Ltd. Class A 825,868 1,091
  Guangdong Great River Smarter Logistics Co. Ltd. Class A 571,198 1,088
  Bafang Electric Suzhou Co. Ltd. Class A 198,917 1,087
* Shanghai Medicilon Inc. Class A 116,916 1,087
  Gansu Yasheng Industrial Group Co. Ltd. Class A 1,709,100 1,087
  EIT Environmental Development Group Co. Ltd. Class A 345,501 1,086
  Dlg Exhibitions & Events Corp. Ltd. Class A 772,940 1,083
  Fujian Boss Software Development Co. Ltd. Class A 731,585 1,080
  Zhejiang Hailide New Material Co. Ltd. Class A 1,186,917 1,077
  Shanghai Fortune Techgroup Co. Ltd. Class A 451,600 1,077
  Jiangsu Changbao Steeltube Co. Ltd. Class A 816,700 1,075
  Shanghai Zhezhong Group Co. Ltd. Class A 412,300 1,074
  5I5J Holding Group Co. Ltd. Class A 2,461,903 1,071
* Hunan New Wellful Co. Ltd. Class A 1,301,000 1,071
* Guangdong Shaoneng Group Co. Ltd. Class A 1,112,040 1,070
  Tibet Cheezheng Tibetan Medicine Co. Ltd. Class A 320,456 1,067
  Zhongtong Bus Holding Co. Ltd. Class A 607,400 1,066
  Nanjing Sciyon Wisdom Technology Group Co. Ltd. Class A 208,346 1,066
  Mesnac Co. Ltd. Class A 1,070,189 1,065
  Chengdu Information Technology of Chinese Academy of Sciences Co. Ltd. Class A 253,700 1,064
  China Publishing & Media Co. Ltd. Class A 1,231,700 1,061
  Luoniushan Co. Ltd. Class A 1,097,907 1,060
* Three Squirrels Inc. Class A 371,740 1,059
  Guizhou Gas Group Corp. Ltd. Class A 1,118,272 1,059
  Shenma Industry Co. Ltd. Class A 939,904 1,056
  Zhejiang Hangmin Co. Ltd. Class A 1,012,684 1,056
  Beijing Strong Biotechnologies Inc. Class A 565,885 1,052
* CGN Nuclear Technology Development Co. Ltd. Class A 918,427 1,052
* Wonders Information Co. Ltd. Class A 1,233,500 1,049
* Archermind Technology Co. Ltd. Class A 195,091 1,049
  China Animal Husbandry Industry Co. Ltd. Class A 950,266 1,049
  CTS International Logistics Corp. Ltd. Class A 1,278,662 1,045
  Unilumin Group Co. Ltd. Class A 1,115,638 1,043
* Shunfa Hengneng Corp. Class A 2,205,821 1,040
* Beijing UniStrong Science & Technology Co. Ltd. Class A 758,400 1,038
  Wuhan Fingu Electronic Technology Co. Ltd. Class A 641,863 1,037
  Shandong Lukang Pharma Class A 867,190 1,036
* Sinopec Oilfield Equipment Corp. Class A 967,342 1,033
  Beijing Sanyuan Foods Co. Ltd. Class A 1,155,178 1,031
  Nanjing Xinlian Electronics Co. Ltd. Class A 855,041 1,031
  Zhejiang China Light & Textile Industrial City Group Co. Ltd. Class A 1,671,024 1,029
  Wencan Group Co. Ltd. Class A 376,286 1,028
  Fujian Longxi Bearing Group Co. Ltd. Class A 366,699 1,025
* Bright Eye Hospital Group Co. Ltd. Class A 149,200 1,025
  Northeast Pharmaceutical Group Co. Ltd. Class A 1,417,670 1,024
  Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A 330,880 1,021
* Jiangsu Transimage Technology Co. Ltd. Class A 269,200 1,021
* GuangYuYuan Chinese Herbal Medicine Co. Ltd. Class A 415,340 1,020
  Lancy Co. Ltd. Class A 430,900 1,019
  Ningxia Western Venture Industrial Co. Ltd. Class A 1,478,651 1,018
* Wutong Holding Group Co. Ltd. Class A 1,355,722 1,018
  Shenzhen Tagen Group Co. Ltd. Class A 1,970,094 1,017
* Changzhou Tronly New Electronic Materials Co. Ltd. Class A 489,814 1,017
* Sansteel Minguang Co. Ltd. Fujian Class A 2,022,256 1,016
* Jiangsu General Science Technology Co. Ltd. Class A 1,484,940 1,015
  Yunnan Energy Investment Co. Ltd. Class A 596,755 1,014
  Guangzhou Guangri Stock Co. Ltd. Class A 728,000 1,011
  Henan Hengxing Science & Technology Co. Ltd. Class A 1,425,295 1,010
* Guangdong Meiyan Jixiang Hydropower Co. Ltd. Class A 2,012,800 1,009
* Hiconics Eco-energy Technology Co. Ltd. Class A 1,066,400 1,008
  Guotai Epoint Software Co. Ltd. Class A 310,477 1,008
* China Union Holdings Ltd. Class A 1,228,800 1,007
  CITIC Press Corp. Class A 192,900 1,007
  Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A 275,633 1,006
  Suzhou Electrical Apparatus Science Academy Co. Ltd. Class A 803,200 1,006
35

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Sinodata Co. Ltd. Class A 329,635 1,005
  Guangxi Energy Co. Ltd. Class A 1,383,240 1,002
  Cangzhou Dahua Co. Ltd. Class A 356,200 991
  Shenzhen Tellus Holding Co. Ltd. Class A 403,407 984
* Guangxi Beitou Technology Co. Ltd. Class A 1,621,900 983
  Xiamen Jihong Technology Co. Ltd. Class A 336,100 982
* China Agriculture Development Seed Group Co. Ltd. Class A 943,400 982
  Jiangsu Changhai Composite Materials Co. Ltd. Class A 341,828 981
  NanJi E-Commerce Co. Ltd. Class A 2,206,043 980
  Hunan Aihua Group Co. Ltd. Class A 335,506 979
  Center International Group Co. Ltd. Class A 467,600 977
  Shenzhen Heungkong Holding Co. Ltd. Class A 3,521,818 977
  Beijing SL Pharmaceutical Co. Ltd. Class A 1,024,046 977
* New Journey Health Technology Group Co. Ltd. Class A 2,863,200 973
* Anhui ZhongDianXinLong Science & Technology Co. Ltd. Class A 671,702 972
* UTour Group Co. Ltd. Class A 1,051,725 971
* JC Finance & Tax Interconnect Holdings Ltd. Class A 725,140 971
  Hangzhou Haoyue Personal Care Co. Ltd. Class A 229,453 968
  New Huadu Technology Co. Ltd. Class A 782,100 967
  FAWER Automotive Parts Co. Ltd. Class A 1,289,945 964
  Hangzhou Weiguang Electronic Co. Ltd. Class A 202,020 964
  Nanjing Pharmaceutical Group Co. Ltd. 1,244,262 964
  Chongqing Water Group Co. Ltd. Class A 1,484,150 964
  Jiangsu SINOJIT Wind Energy Technology Co. Ltd. Class A 1,008,227 964
  Shandong WIT Dyne Health Co. Ltd. Class A 227,050 963
* B-Soft Co. Ltd. Class A 1,485,966 963
  Guangdong Hongtu Technology Holdings Co. Ltd. Class A 654,000 962
* China Aluminum International Engineering Corp. Ltd. Class A 1,051,900 961
  Shanghai Baolong Automotive Corp. Class A 193,300 961
  Sufa Technology Industry Co. Ltd. CNNC Class A 328,659 960
* RiseSun Real Estate Development Co. Ltd. Class A 4,842,329 959
  Jiajiayue Group Co. Ltd. Class A 603,492 957
  Suning Universal Co. Ltd. Class A 2,979,759 957
  KPC Pharmaceuticals Inc. Class A 686,896 957
* World Union Group Inc. Class A 2,085,355 954
  Solareast Holdings Co. Ltd. Class A 775,159 953
  Shanghai Xinhua Media Co. Ltd. Class A 1,104,600 951
* Hainan Haiyao Co. Ltd. Class A 1,301,400 950
* Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A 1,171,610 950
  Shandong Xinhua Pharmaceutical Co. Ltd. Class A 457,342 946
  Shanghai Baosteel Packaging Co. Ltd. Class A 1,250,000 945
  Huangshan Novel Co. Ltd. Class A 575,199 943
  Guangxi LiuYao Group Co. Ltd. Class A 383,986 942
  Shenzhen Expressway Corp. Ltd. Class A 708,204 941
  Guangdong Marubi Biotechnology Co. Ltd. Class A 255,729 941
  Nanjing Kangni Mechanical & Electrical Co. Ltd. Class A 926,835 940
  Hunan Jiudian Pharmaceutical Co. Ltd. Class A 498,400 940
* Shenzhen New Nanshan Holding Group Co. Ltd. Class A 2,545,344 940
* NSFOCUS Technologies Group Co. Ltd. Class A 868,818 939
  Hangxiao Steel Structure Co. Ltd. Class A 2,110,635 936
* China High Speed Railway Technology Co. Ltd. Class A 2,366,297 934
  Jiangsu Asia-Pacific Light Alloy Technology Co. Ltd. Class A 1,051,166 933
  Chengdu Hongqi Chain Co. Ltd. Class A 1,222,800 932
  Sichuan Jiuyuan Yinhai Software Co. Ltd. Class A 403,091 932
  Dazhong Transportation Group Co. Ltd. Class A 1,401,400 932
* SOHO China Ltd. 16,358,030 931
* Cinda Real Estate Co. Ltd. Class A 2,037,635 930
  Rastar Group Class A 1,078,500 929
  Jiangsu Lianyungang Port Co. Ltd. Class A 1,326,021 929
  Appotronics Corp. Ltd. Class A 421,869 924
  Xiamen International Airport Co. Ltd. Class A 390,260 921
  Shanghai Shibei Hi-Tech Co. Ltd. Class A 1,294,230 919
  Wushang Group Co. Ltd. Class A 745,977 918
  Nanjing Cosmos Chemical Co. Ltd. Class A 447,860 917
* ADAMA Ltd. Class A 915,100 915
  Xinhua Winshare Publishing & Media Co. Ltd. Class A 458,323 913
  Yixintang Pharmaceutical Group Co. Ltd. Class A 490,554 913
  Changchun Faway Automobile Components Co. Ltd. Class A 660,868 912
  Hangzhou Advance Gearbox Group Co. Ltd. Class A 389,709 911
  Qingdao Eastsoft Communication Technology Co. Ltd. Class A 475,500 909
36

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Shandong Huatai Paper Industry Shareholding Co. Ltd. Class A 1,589,829 908
* Zhejiang Garden Biopharmaceutical Co. Ltd. Class A 474,450 907
  Tianjin TEDA Resources Recycling Group Co. Ltd. Class A 1,439,243 906
  Sunyard Technology Co. Ltd. Class A 483,327 902
  Hongbaoli Group Corp. Ltd. Class A 714,859 901
  Beijing CTJ Information Technology Co. Ltd. Class A 296,193 897
  Anhui Huaheng Biotechnology Co. Ltd. Class A 218,225 897
  Jiangsu Rainbow Heavy Industries Co. Ltd. Class A 933,236 896
  China Television Media Ltd. Class A 416,800 893
  Sanchuan Wisdom Technology Co. Ltd. Class A 967,300 891
  Lushang Freda Pharmaceutical Co. Ltd. Class A 925,879 889
  Hangzhou Jiebai Group Co. Ltd. Class A 778,557 887
* Guangdong Yowant Technology Group Co. Ltd. Class A 897,804 886
* Lucky Film Co. Ltd. Class A 528,691 886
* Shenzhen Anche Technologies Co. Ltd. Class A 196,600 884
  Changshu Fengfan Power Equipment Co. Ltd. Class A 1,109,328 883
  Guangdong Vanward New Electric Co. Ltd. Class A 727,140 880
  Beijing Fengjing Automotive Parts Co. Ltd. 1,524,676 880
  Shanghai Bright Meat Group Co. Ltd. Class A 1,019,098 879
  Yotrio Group Co. Ltd. Class A 1,839,350 878
  Wellhope Foods Co. Ltd. Class A 854,101 877
  Ningbo Cixing Co. Ltd. Class A 844,100 872
* Beijing Philisense Technology Co. Ltd. Class A 1,370,633 871
* Baotailong New Materials Co. Ltd. Class A 1,890,100 867
  Chongqing Port Co. Ltd. Class A 1,210,600 866
* Zhejiang Founder Motor Co. Ltd. Class A 418,986 865
  Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A 379,500 865
  Dashang Co. Ltd. Class A 323,433 863
* Guizhou Zhongyida Co. Ltd. Class A 631,800 863
  Zhejiang Fuchunjiang Environmental Thermoelectric Co. Ltd. Class A 1,065,800 862
  Ningxia Building Materials Group Co. Ltd. Class A 455,288 861
  Vats Liquor Chain Store Management JSC Ltd. Class A 428,658 860
* XGIMI Tech Co. Ltd. 65,088 860
* Hubei Broadcasting & Television Information Network Co. Ltd. Class A 1,222,700 860
* ABA Chemicals Corp. Class A 983,100 860
  Liaoning Energy Industry Co. Ltd. Class A 1,472,900 859
  Gem-Year Industrial Co. Ltd. Class A 942,111 859
  Anhui Sierte Fertilizer Industry Ltd. Co. Class A 798,125 858
* Beijing Join-Cheer Software Co. Ltd. Class A 774,680 854
  Hanyu Group Joint-Stock Co. Ltd. Class A 532,400 854
  BMC Medical Co. Ltd. Class A 87,571 853
  HeiLongJiang ZBD Pharmaceutical Co. Ltd. Class A 822,300 853
  Weihai Guangtai Airport Equipment Co. Ltd. Class A 527,943 852
  Anhui Huilong Agricultural Means of Production Co. Ltd. Class A 914,840 850
  Nanjing Vazyme Biotech Co. Ltd. Class A 290,746 850
  Shenzhen Fuanna Bedding & Furnishing Co. Ltd. Class A 784,540 848
  Jiangxi Huangshanghuang Group Food Co. Ltd. Class A 462,301 846
  Jinneng Science & Technology Co. Ltd. Class A 858,655 845
  Huabao Flavours & Fragrances Co. Ltd. Class A 348,021 845
* Henan Ancai Hi-Tech Co. Ltd. Class A 1,024,750 843
  Jiangsu Huaxicun Co. Ltd. Class A 799,400 843
* Daheng New Epoch Technology Inc. Class A 376,900 842
  AUCMA Co. Ltd. Class A 757,801 841
  Focused Photonics Hangzhou Inc. Class A 419,596 839
*,3 Liuzhou Iron & Steel Co. Ltd. Class A 1,256,600 838
  Nanjing Quanxin Cable Technology Co. Ltd. Class A 295,630 836
  Hualan Biological Vaccine Inc. Class A 291,400 835
* Anyang Iron & Steel Inc. Class A 2,716,980 834
  Fujian Apex Software Co. Ltd. Class A 174,640 834
  Bestsun Energy Co. Ltd. Class A 1,400,600 834
  Tungkong Inc. Class A 556,076 833
  Rainbow Digital Commercial Co. Ltd. Class A 1,030,799 832
  Shanghai Pudong Construction Co. Ltd. Class A 803,524 832
  Emei Shan Tourism Co. Ltd. Class A 478,100 831
* Cybrid Technologies Inc. Class A 410,600 828
* Beijing SDL Technology Co. Ltd. Class A 660,800 826
* Sun Create Electronics Co. Ltd. Class A 243,376 824
  Haining China Leather Market Co. Ltd. Class A 1,252,410 824
* Shanxi Guoxin Energy Corp. Ltd. Class A 1,561,596 823
  Guangdong Kinlong Hardware Products Co. Ltd. Class A 304,850 822
37

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Client Service International Inc. Class A 432,967 818
  Shenzhen Topway Video Communication Co. Ltd. Class A 761,200 817
* Global Infotech Co. Ltd. Class A 388,600 815
  Puyang Refractories Group Co. Ltd. Class A 1,231,481 813
  FIYTA Precision Technology Co. Ltd. Class A 304,885 811
  Shenzhen Das Intellitech Co. Ltd. Class A 1,903,796 810
  China West Construction Group Co. Ltd. Class A 994,856 809
  Guilin Sanjin Pharmaceutical Co. Ltd. Class A 385,200 808
* Beijing Global Safety Technology Co. Ltd. Class A 250,939 807
  Hongli Zhihui Group Co. Ltd. Class A 716,500 807
  Zhejiang Vie Science & Technology Co. Ltd. Class A 460,400 806
  Shenzhen Jieshun Science & Technology Industry Co. Ltd. Class A 636,526 804
* Beijing Thunisoft Corp. Ltd. Class A 859,720 801
* Inspur Software Co. Ltd. Class A 329,798 799
  Zhejiang Zhongcheng Packing Material Co. Ltd. Class A 856,121 799
  Zhuhai Port Co. Ltd. Class A 1,050,000 799
* Guoguang Electric Co. Ltd. Class A 480,600 798
  Joeone Co. Ltd. Class A 502,277 798
  Integrated Electronic Systems Lab Co. Ltd. Class A 550,069 798
  Guizhou Xinbang Pharmaceutical Co. Ltd. Class A 1,609,931 796
* Xi'an Tian He Defense Technology Co. Ltd. Class A 427,600 795
  Shenzhen Guangju Energy Co. Ltd. Class A 556,288 795
  Shandong Xiantan Group Co. Ltd. 847,492 795
* Beijing North Star Co. Ltd. Class A 2,701,615 794
* Konka Group Co. Ltd. Class A 1,658,500 792
  Time Publishing & Media Co. Ltd. Class A 662,480 790
* Macmic Science & Technology Co. Ltd. Class A 199,224 790
* Beijing Baination Pictures Co. Ltd. Class A 847,100 786
* VanJee Technology Co. Ltd. Class A 201,160 786
* Phenix Optical Co. Ltd. Class A 275,600 786
  Guizhou Guihang Automotive Components Co. Ltd. Class A 390,184 785
  Foshan Electrical & Lighting Co. Ltd. Class A 945,200 785
  Orient International Enterprise Ltd. Class A 757,400 784
  Anhui Korrun Co. Ltd. Class A 251,860 784
  M-Grass Ecology & Environment Group Co. Ltd. Class A 1,463,420 782
  Shenzhen Textile Holdings Co. Ltd. Class A 444,475 782
  Shandong New Beiyang Information Technology Co. Ltd. Class A 721,300 781
  Shanghai ShenTong Metro Co. Ltd. Class A 661,876 779
  Beyondsoft Corp. Class A 505,600 779
* Hainan Expressway Co. Ltd. Class A 954,200 775
  Hengdian Entertainment Co. Ltd. Class A 255,322 775
* Blue Sail Medical Co. Ltd. Class A 712,564 775
  Bear Electric Appliance Co. Ltd. Class A 127,600 773
* Shenzhen Jinjia Group Co. Ltd. Class A 1,382,336 769
* Beijing Electronic Zone High-tech Group Co. Ltd. Class A 1,024,969 768
* Anhui Golden Seed Winery Co. Ltd. Class A 659,801 768
  Chengdu Fusen Noble-House Industrial Co. Ltd. Class A 431,303 768
* Lingyuan Iron & Steel Co. Ltd. Class A 2,397,170 764
  YanTai Shuangta Food Co. Ltd. Class A 1,141,500 762
* Shenzhen Centralcon Investment Holding Co. Ltd. Class A 539,044 760
* Truking Technology Ltd. Class A 527,800 760
  Jinxi Axle Co. Ltd. Class A 1,198,800 755
* Hubei Century Network Technology Co. Ltd. Class A 465,300 755
* Guangzhou Hangxin Aviation Technology Co. Ltd. Class A 279,400 754
  Beijing Jiaxun Feihong Electrical Co. Ltd. Class A 611,600 750
  Goldcard Smart Group Co. Ltd. Class A 389,110 748
* Jiangsu Hongdou Industrial Co. Ltd. Class A 1,842,175 747
  ZhongYeDa Electric Co. Ltd. Class A 501,400 746
  Jiangsu Jiangnan High Polymer Fiber Co. Ltd. Class A 1,722,525 746
* China Oil HBP Science & Technology Co. Ltd. Class A 1,445,600 742
  Zhejiang Yasha Decoration Co. Ltd. Class A 1,210,260 741
  Luyang Energy-Saving Materials Co. Ltd. 509,771 739
  Yantai Changyu Pioneer Wine Co. Ltd. Class A 260,302 738
  Baida Group Co. Ltd. Class A 436,400 737
  Zhejiang Yankon Group Co. Ltd. Class A 1,406,275 736
* Guangdong Zhongnan Iron & Steel Co. Ltd. Class A 2,019,500 735
  BXN Holding Co. Ltd. Class A 1,203,300 734
* Chengdu New Tianfu Culture Tourism Development Co. Ltd. Class A 1,172,450 733
* Feitian Technologies Co. Ltd. Class A 392,500 731
* Beijing Science Sun Pharmaceutical Co. Ltd. Class A 453,922 728
38

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Vatti Corp. Ltd. Class A 842,448 728
  Ningbo Ligong Environment & Energy Technology Co. Ltd. Class A 408,869 726
  Fuan Pharmaceutical Group Co. Ltd. Class A 1,197,100 725
* Wolong New Energy Group Co. Ltd. Class A 678,301 724
  Beijing Sanlian Hope Shin-Gosen Technical Service Co. Ltd. Class A 345,642 722
  Vontron Technology Co. Ltd. Class A 423,300 717
* Tangrenshen Group Co. Ltd. Class A 1,175,650 717
* Shenzhen Sea Star Technology Co. Ltd. Class A 588,500 714
* Top Resource Energy Co. Ltd. Class A 847,100 714
* Shenzhen Sunmoon Microelectronics Co. Ltd. Class A 87,671 714
* Beijing Bohui Innovation Biotechnology Group Co. Ltd. Class A 865,369 713
* Eastone Century Technology Co. Ltd. Class A 843,315 710
  Changhong Meiling Co. Ltd. Class A 852,328 708
  MYS Group Co. Ltd. Class A 1,417,892 707
* Jilin Yatai Group Co. Ltd. Class A 3,081,167 707
* Der Future Science & Technology Holding Group Co. Ltd. Class A 609,840 706
  Shanghai New Huang Pu Industrial Group Co. Ltd. Class A 769,196 704
  Jiangsu Yueda Investment Co. Ltd. Class A 904,300 703
  Hefei Department Store Group Co. Ltd. Class A 709,717 700
  Zhejiang Meida Industrial Co. Ltd. Class A 597,200 700
  Xuchang Yuandong Drive Shaft Co. Ltd. Class A 595,600 698
* Yijiahe Technology Co. Ltd. Class A 167,000 695
* H&R Century Union Corp. Class A 958,100 694
  Tianjin Tianyao Pharmaceutical Co. Ltd. Class A 829,500 694
  Guangdong Shirongzhaoye Co. Ltd. Class A 878,600 693
* DBAPP Security Ltd. Class A 105,429 693
  Wuhan Keqian Biology Co. Ltd. Class A 327,993 693
  Ligao Foods Co. Ltd. Class A 158,620 693
  Newcapec Electronics Co. Ltd. Class A 488,335 692
  Canny Elevator Co. Ltd. Class A 764,373 691
  Chongqing Pharscin Pharmaceutical Co. Ltd. Class A 337,000 690
  Changchun BCHT Biotechnology Co. Ltd. Class A 258,487 690
  Foshan Nationstar Optoelectronics Co. Ltd. Class A 589,283 686
* Guangzhou Pearl River Piano Group Co. Ltd. Class A 781,331 686
  Jenkem Technology Co. Ltd. Class A 47,933 685
* China Wuyi Co. Ltd. Class A 1,611,511 683
  Qianjiang Water Resources Development Co. Ltd. Class A 508,971 683
* Chongqing Yukaifa Co. Ltd. Class A 930,100 672
  Haoxiangni Health Food Co. Ltd. Class A 364,800 672
  Realcan Pharmaceutical Group Co. Ltd. Class A 1,436,010 671
  Duolun Technology Corp. Ltd. Class A 587,777 666
  Anhui Huamao Textile Co. Class A 992,063 662
* Hainan Haiqi Transportation Group Co. Ltd. Class A 264,700 661
* Beijing Huayuan Xinhang Holding Co. Ltd. Class A 1,816,875 659
  Shenzhen Comix Group Co. Ltd. Class A 647,500 657
* Shenzhen Properties & Resources Development Group Ltd. Class A 552,952 656
  Beijing Beilu Pharmaceutical Co. Ltd. Class A 471,900 656
* Fujian Rongji Software Co. Ltd. Class A 609,300 656
  Zhuzhou Qianjin Pharmaceutical Co. Ltd. Class A 406,720 656
  Yabao Pharmaceutical Group Co. Ltd. Class A 631,483 656
* Qingdao Doublestar Co. Ltd. Class A 748,900 655
* Shaanxi Construction Machinery Co. Ltd. Class A 1,066,910 651
* Beijing Sinohytec Co. Ltd. Class A 168,343 649
* Marssenger Kitchenware Co. Ltd. Class A 422,797 649
  Delixi New Energy Technology Co. Ltd. Class A 189,420 649
* Jinbei Automotive Co. Ltd. Class A 1,097,901 648
  Citychamp Dartong Advanced Materials Co. Ltd. 1,205,333 647
  Bestore Co. Ltd. Class A 395,600 644
* Beken Corp. Class A 122,587 641
  Tianjin Lisheng Pharmaceutical Co. Ltd. Class A 260,064 638
* Shenzhen Silver Basis Technology Co. Ltd. Class A 552,146 634
* Hanwang Technology Co. Ltd. Class A 231,900 632
* Grand Industrial Holding Group Co. Ltd. Class A 460,000 631
  Era Co. Ltd. Class A 1,005,259 629
  Sichuan Meifeng Chemical IND Class A 591,151 626
* KBC Corp. Ltd. Class A 172,153 626
* Huayi Brothers Media Corp. Class A 2,343,802 624
  Qinghai Huzhu TianYouDe Highland Barley Spirit Co. Ltd. Class A 525,800 624
  Henan Taloph Pharmaceutical Stock Co. Ltd. Class A 622,730 623
* Shenzhen Rapoo Technology Co. Ltd. Class A 246,590 623
39

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Chimin Health Management Co. Ltd. Class A 428,400 619
* YaGuang Technology Group Co. Ltd. Class A 1,047,200 615
* Dongjiang Environmental Co. Ltd. Class A 946,666 613
  Shanghai Flyco Electrical Appliance Co. Ltd. Class A 121,100 613
* Jiangsu Phoenix Property Investment Co. Ltd. Class A 942,520 613
* JinJian Cereals Industry Co. Ltd. Class A 614,000 612
* Beijing E-Hualu Information Technology Co. Ltd. Class A 634,529 611
* Yunnan Coal & Energy Co. Ltd. Class A 922,500 611
  Shandong Wohua Pharmaceutical Co. Ltd. Class A 568,140 611
  Shandong Sunway Chemical Group Co. Ltd. Class A 577,632 610
  Dongfeng Electronic Technology Co. Ltd. Class A 367,250 609
  Zhejiang Gongdong Medical Technology Co. Ltd. Class A 210,868 608
* Beijing Hualian Department Store Co. Ltd. Class A 2,499,781 606
* Shanghai Shenda Co. Ltd. Class A 1,050,800 605
  Jiangxi Wannianqing Cement Co. Ltd. Class A 828,724 603
  Shanghai Jin Jiang Online Network Service Co. Ltd. Class A 328,700 603
  Huangshan Tourism Development Co. Ltd. Class A 344,401 600
* Chengdu Xinzhu Road&Bridge Machinery Co. Ltd. Class A 614,114 596
* Sichuan Tianyi Comheart Telecom Co. Ltd. Class A 235,600 596
* Zhejiang Huamei Holding Co. Ltd. Class A 979,100 595
* Rongan Property Co. Ltd. Class A 2,008,772 595
* Xinjiang Ba Yi Iron & Steel Co. Ltd. Class A 1,433,500 593
* Everbright Jiabao Co. Ltd. Class A 1,502,708 591
  Shandong Shengli Co. Class A 834,677 590
  Shanghai Tianchen Co. Ltd. Class A 728,338 589
* Liaoning Shenhua Holdings Co. Ltd. Class A 2,155,700 582
* HPGC Renmintongtai Pharmaceutical Corp. Class A 407,234 581
* Inner Mongolia OJing Science & Technology Co. Ltd. Class A 182,980 579
  Guiyang Longmaster Information & Technology Co. Ltd. Class A 316,700 579
  Tengda Construction Group Co. Ltd. Class A 1,637,499 576
* Phoenix Shipping Wuhan Co. Ltd. Class A 993,900 576
* Poly Union Chemical Holding Group Co. Ltd. Class A 454,501 571
* Beijing Dinghan Technology Group Co. Ltd. Class A 523,300 565
* Deluxe Family Co. Ltd. Class A 1,499,036 565
* Huaren Pharmaceutical Co. Ltd. Class A 1,220,872 565
  Dare Power Dekor Home Co. Ltd. Class A 562,739 560
* Great Chinasoft Technology Co. Ltd. Class A 674,700 557
  Monalisa Group Co. Ltd. Class A 349,604 556
  Northern United Publishing & Media Group Co. Ltd. Class A 517,800 555
  Jinling Pharmaceutical Co. Ltd. Class A 508,831 553
  China Meidong Auto Holdings Ltd. 4,538,521 550
  Zhejiang Starry Pharmaceutical Co. Ltd. Class A 308,140 548
  Shenzhen Sinovatio Technology Co. Ltd. Class A 153,216 547
  Zhejiang NetSun Co. Ltd. Class A 229,600 545
* Jiangsu Changqing Agrochemical Co. Ltd. Class A 559,209 544
* Zhongfu Information Inc. Class A 282,200 543
  Sleemon Healthy Sleep Technology Co. Ltd. Class A 357,900 542
* Zhejiang Orient Gene Biotech Co. Ltd. Class A 165,477 542
* Hangzhou Electronic Soul Network Technology Co. Ltd. Class A 216,164 541
  Shanghai New World Co. Ltd. Class A 510,900 540
* Beijing Centergate Technologies Holding Co. Ltd. Class A 773,948 539
* Triumph New Energy Co. Ltd. Class A 385,300 533
* Kunwu Jiuding Investment Holdings Co. Ltd. Class A 333,067 533
  Shandong Homey Aquatic Development Co. Ltd. Class A 1,478,298 531
  Cachet Pharmaceutical Co. Ltd. Class A 262,043 531
  Ningbo Peacebird Fashion Co. Ltd. Class A 253,129 529
* Xingmin Intelligent Transportation Systems Group Co. Ltd. Class A 595,626 526
* EGing Photovoltaic Technology Co. Ltd. Class A 1,102,074 520
  Shanghai Rongtai Health Technology Corp. Ltd. Class A 157,170 516
* Guangzhou Pearl River Development Group Co. Ltd. Class A 783,820 516
* Beijing Tianyishangjia New Material Corp. Ltd. Class A 427,125 516
  Guangdong Delian Group Co. Ltd. Class A 675,035 515
  Medicalsystem Biotechnology Co. Ltd. Class A 346,583 513
  PKU Healthcare Corp. Ltd. Class A 560,500 506
  Shanghai Titan Scientific Co. Ltd. Class A 151,876 502
* CanSino Biologics Inc. Class A 55,518 502
  Foshan Electrical & Lighting Co. Ltd. Class B 1,938,466 500
  Zhuhai Huajin Capital Co. Ltd. Class A 268,717 500
  Ningbo David Medical Device Co. Ltd. Class A 294,800 499
* Sinochem Equipment Technology Qingdao Co. Ltd. Class A 431,434 498
40

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Gemdale Properties & Investment Corp. Ltd. 33,788,000 496
*,3 China Fortune Land Development Co. Ltd. Class A 2,655,465 496
  Wuxi Commercial Mansion Grand Orient Co. Ltd. Class A 849,347 494
  Shanghai Jinfeng Wine Co. Ltd. Class A 662,645 486
* Markor International Home Furnishings Co. Ltd. Class A 1,140,435 483
* Suzhou Chunxing Precision Mechanical Co. Ltd. Class A 1,075,500 479
  Shanghai Yimin Commerce Group Co. Ltd. Class A 793,600 478
  Xiamen Comfort Science & Technology Group Co. Ltd. Class A 564,300 477
* Berry Genomics Co. Ltd. Class A 322,603 474
* Zhongbai Holdings Group Co. Ltd. Class A 586,489 473
  Qingdao Citymedia Co. Ltd. Class A 496,400 460
  Guangxi Nanning Waterworks Group Co. Ltd. Class A 631,800 460
  Jiangsu Xiuqiang Glasswork Co. Ltd. Class A 590,500 456
* Beijing Forever Technology Co. Ltd. Class A 515,494 452
  Shanghai Bailian Group Co. Ltd. Class B 858,956 444
* China Quanjude Group Co. Ltd. Class A 278,800 437
  Duzhe Publishing & Media Co. Ltd. Class A 442,500 436
* Hubei Fuxing Science & Technology Co. Ltd. Class A 1,382,080 432
* China Zhonghua Geotechnical Engineering Group Co. Ltd. Class A 1,662,100 428
  Shanghai Jin Jiang Online Network Service Co. Ltd. Class B 915,025 421
  Sanlux Co. Ltd. Class A 648,400 416
  Shanghai Xujiahui Commercial Co. Ltd. Class A 342,500 409
  Wenfeng Great World Chain Development Corp. Class A 1,239,613 402
  Dazhong Transportation Group Co. Ltd. Class B 2,185,448 387
* Shandong Longda Meishi Co. Ltd. Class A 904,000 379
  CCS Supply Chain Management Co. Ltd. Class A 853,540 365
* Heilongjiang Interchina Water Treatment Co. Ltd. Class A 1,329,324 358
* Fortune Ng Fung Food Hebei Co. Ltd. Class A 614,774 344
* Piesat Information Technology Co. Ltd. Class A (XSHG) 147,630 341
1 Shanghai Haohai Biological Technology Co. Ltd. Class H 114,620 325
*,3 China South City Holdings Ltd. 23,621,258 323
  Jiangling Motors Corp. Ltd. Class B 240,770 314
* Xiwang Foodstuffs Co. Ltd. Class A 1,046,904 312
*,3 Long Yuan Construction Group Co. Ltd. Class A 1,061,024 309
  Lu Thai Textile Co. Ltd. Class A 320,200 308
  Shanghai Hile Bio-Technology Co. Ltd. Class A 539,541 308
  Beijing Bashi Media Co. Ltd. Class A 439,434 267
* Xiaomi Corp. ADR 14,139 266
*,3 Piesat Information Technology Co. Ltd. Class A 106,692 246
*,3 Orient Group Inc. 3,391,900 179
* China Fortune Land Development Co. Ltd. Class A (XSHG) 824,578 154
*,3 Jihua Group Corp. Ltd. Class A 340,100 146
* Guizhou Yibai Pharmaceutical Co. Ltd. Class A 237,100 141
* Guangdong Hybribio Biotech Co. Ltd. Class A 147,820 131
* Fujian Green Pine Co. Ltd. Class A 75,600 105
  Guangzhou Shangpin Home Collection Co. Ltd. Class A 46,662 93
* Long Yuan Construction Group Co. Ltd. Class A (XSHG) 281,700 82
* Guangzhou R&F Properties Co. Ltd. Class H 317,536 15
*,3 Tianjin Futong Information Science & Technology Co. Ltd. Class A 1,174,500 —
*,3 Myhome Real Estate Development Group Co. Ltd. Class A 2,630,400 —
*,3 Guangdong Highsun Group Co. Ltd. Class A 1,848,180 —
*,3 Jiangsu Sunshine Co. Ltd. Class A 1,785,755 —
*,3 Jiangsu Zhongnan Construction Group Co. Ltd. Class A 2,118,077 —
*,3 Elion Energy Co. Ltd. Class A 2,693,050 —
*,3 China Grand Automotive Services Group Co. Ltd. Class A 1,344,270 —
*,3 Sichuan Languang Development Co. Ltd. Class A 2,192,132 —
*,3 Yango Group Co. Ltd. Class A 4,010,183 —
*,3 Chongqing Dima Industry Co. Ltd. Class A 868,700 —
*,3 Sundy Land Investment Co. Ltd. Class A 1,281,700 —
*,3 Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A 833,200 —
*,3 Guangdong Chaohua Technology Co. Ltd. Class A 850,488 —
*,3 Blivex Energy Technology Co. Ltd. Class A 4,172,796 —
*,3 Sou Yu Te Group Co. Ltd. Class A 2,415,182 —
*,3 ChangjiangRunfa Health Industry Co. Ltd. Class A 1,006,830 —
*,3 Xinlun New Materials Co. Ltd. Class A 1,033,500 —
*,3 Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A 4,554,460 —
*,3 Pang Da Automobile Trade Co. Ltd. Class A 12,628,300 —
*,3 Kangmei Pharmaceutical Co. Ltd. 595,131 —
*,3 Zhongtian Financial Group Co. Ltd. Class A 7,563,775 —
*,3 ST JLZX A 393,700 —
41

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
*,3 Oceanwide Holdings Co. Ltd. Class A 767,000 —
*,3 Shanghai Shimao Co. Ltd. Class A 273,212 —
*,3 Jiangsu Zhongnan Construction Group Co. Ltd. 1,287,637 —
*,3 Zhejiang Akcome New Energy Technology Co. Ltd. 4,404,621 —
*,3 Ningxia Zhongyin Cashmere Co. Ltd. 4,093,100 —
*,3 China Dili Group 38,445,940 —
*,3 Chongqing Dima Industry Co. Ltd. 778,307 —
*,3 Guangdong Huatie Tongda High-speed Railway Equipment Corp. 515,756 —
*,3 China Grand Automotive Services Group Co. Ltd. 6,816,940 —
*,3 Pengdu Agriculture & Animal Husbandry Co. Ltd. 1,531,000 —
*,3 Tunghsu Optoelectronic Technology Co. Ltd. 1,767,600 —
            45,698,662
Colombia (0.2%)
  Grupo Cibest SA ADR 1,124,796 76,700
  Grupo Cibest SA 3,035,515 62,938
  Interconexion Electrica SA ESP 5,822,179 45,028
  Ecopetrol SA 45,792,712 32,723
  Cementos Argos SA 7,565,691 24,744
  Ecopetrol SA ADR 808,194 11,444
            253,577
Czech Republic (0.1%)
  CEZ A/S 1,929,624 111,243
  Komercni Banka A/S 1,023,204 54,516
1 Moneta Money Bank A/S 3,564,975 31,382
2 Colt CZ Group SE 223,438 11,450
2 Doosan Skoda Power A/S 133,000 2,585
            211,176
Egypt (0.1%)
  Commercial International Bank - Egypt (CIB) 35,139,605 88,488
  Talaat Moustafa Group 9,930,994 17,431
  Telecom Egypt Co. 6,932,149 12,079
* Fawry for Banking & Payment Technology Services SAE 24,905,651 8,860
* EFG Holding S.A.E. 16,155,631 8,414
            135,272
Greece (0.7%)
  National Bank of Greece SA 11,482,895 181,983
  Eurobank SA 33,969,674 147,804
* Piraeus Bank SA 14,702,320 139,188
  Alpha Bank SA 21,951,530 88,097
  Public Power Corp. SA 2,574,129 54,655
  Bank of Cyprus Holdings plc 4,921,739 53,336
  GEK Terna SA 973,620 46,789
  Hellenic Telecommunications Organization SA 2,056,926 43,977
  JUMBO SA 1,554,800 42,438
  Motor Oil Hellas Corinth Refineries SA 858,805 38,333
  Allwyn AG 2,405,312 34,350
  Titan SA 503,379 27,058
  Optima bank SA 2,480,762 25,954
  Cenergy Holdings SA 833,621 23,464
  HELLENiQ ENERGY Holdings SA 1,217,445 14,054
  Athens International Airport SA 1,022,397 11,658
* Ballys Intralot SA 8,500,333 11,151
  Viohalco SA 568,387 9,865
* Aktor SA Holding Co. Technical & Energy Projects 694,684 8,841
* LAMDA Development SA 1,178,796 8,397
  Aegean Airlines SA 571,619 7,495
  Athens Water Supply & Sewage Co. SA 566,381 6,838
  Sarantis SA 365,344 6,127
  Holding Co. ADMIE IPTO SA 1,499,916 5,784
  Piraeus Port Authority SA 87,316 3,875
  ElvalHalcor SA 759,624 3,552
  Autohellas Tourist & Trading SA 257,503 3,276
  Ideal Holdings SA 447,206 3,066
  Avax SA 831,695 2,986
  Fourlis Holdings SA 544,265 2,905
  Quest Holdings SA 340,474 2,799
  Intracom Holdings SA (Registered) 707,216 2,769
* QUALCO Group SA 292,894 1,904
42

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* CrediaBank SA 1,250,174 1,774
  Euronext Athens Holding SA 200,769 1,663
  Ellaktor SA 837,974 1,299
            1,069,504
Hong Kong (0.0%)
  Want Want China Holdings Ltd. 57,860,000 32,674
*,1,2 Everest Medicines Ltd. 3,572,000 15,940
*,1,2 CARsgen Therapeutics Holdings Ltd. 4,940,000 13,686
  K Wah International Holdings Ltd. 15,779,294 4,610
            66,910
Hungary (0.4%)
  OTP Bank Nyrt. 3,180,131 426,548
  MOL Hungarian Oil & Gas plc 6,247,258 83,440
  Richter Gedeon Nyrt. 1,879,076 79,259
  Magyar Telekom Telecommunications plc 3,922,243 31,069
  Opus Global Nyrt. 6,116,667 6,477
*,2 4iG Nyrt. 560,082 4,202
            630,995
Iceland (0.1%)
1 Arion Banki HF 18,761,756 29,368
  Islandsbanki HF 24,828,740 29,054
  Hagar hf 13,244,702 12,991
  Festi hf 4,013,077 10,847
  Reitir fasteignafelag hf 7,971,473 7,381
  Kvika banki hf 56,864,717 7,194
  Heimar HF 20,296,626 5,698
* Alvotech SA 1,489,165 5,047
  Sjova-Almennar Tryggingar hf 11,019,803 3,587
* Bera HF 26,955,774 3,372
  Eimskipafelag Islands hf 1,396,634 2,804
  Skagi Hf 17,780,973 2,727
  Siminn HF 26,824,050 2,645
* Icelandair Group HF 271,737,249 1,708
  Kaldalon hf 7,038,815 1,498
            125,921
India (16.3%)
  Reliance Industries Ltd. 94,397,271 1,431,667
  HDFC Bank Ltd. 156,963,021 1,283,812
  ICICI Bank Ltd. 73,077,157 980,574
  Bharti Airtel Ltd. 41,032,308 820,233
  Infosys Ltd. 47,652,592 599,904
  Axis Bank Ltd. 31,776,928 426,211
  Mahindra & Mahindra Ltd. 12,894,338 422,899
  Larsen & Toubro Ltd. 9,330,432 396,355
  Bajaj Finance Ltd. 38,944,333 386,820
  Tata Consultancy Services Ltd. 14,159,344 371,574
  Kotak Mahindra Bank Ltd. 75,773,677 307,738
  Hindustan Unilever Ltd. 12,284,239 292,030
  Sun Pharmaceutical Industries Ltd. 14,771,234 282,955
  NTPC Ltd. 65,623,455 277,094
  Maruti Suzuki India Ltd. 1,818,361 256,536
  Tata Steel Ltd. 114,709,257 256,508
  State Bank of India 21,944,542 248,215
  Titan Co. Ltd. 5,083,604 236,005
  Bharat Electronics Ltd. 49,554,657 226,227
  Hindalco Industries Ltd. 20,167,554 221,573
  Power Grid Corp. of India Ltd. 62,603,358 210,817
  UltraTech Cement Ltd. 1,664,891 204,280
  Shriram Finance Ltd. 19,443,399 193,376
  Adani Ports & Special Economic Zone Ltd. 10,886,787 191,290
  HCL Technologies Ltd. 14,577,649 185,412
* Adani Power Ltd. 72,482,524 170,555
  Oil & Natural Gas Corp. Ltd. 53,749,187 170,392
  Asian Paints Ltd. 6,297,422 163,408
* Eternal Ltd. 62,226,826 163,278
  JSW Steel Ltd. 12,117,768 162,229
  Coal India Ltd. 31,528,714 160,356
  Nestle India Ltd. 9,949,983 153,292
43

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Grasim Industries Ltd. 4,907,243 145,117
  Eicher Motors Ltd. 1,851,186 139,292
  ITC Ltd. 41,667,822 138,735
  Tech Mahindra Ltd. 8,648,360 135,187
* Tata Motors Ltd. 28,582,618 124,886
  Hindustan Aeronautics Ltd. 2,643,671 121,379
  Divi's Laboratories Ltd. 1,759,711 121,082
  TVS Motor Co. Ltd. 3,250,719 120,380
1 InterGlobe Aviation Ltd. 2,631,815 120,196
1 SBI Life Insurance Co. Ltd. 5,984,127 114,929
  Jio Financial Services Ltd. 43,483,085 113,372
  Apollo Hospitals Enterprise Ltd. 1,378,673 111,288
  Trent Ltd. 2,518,064 110,550
  Tata Power Co. Ltd. 23,274,430 109,529
  Tata Consumer Products Ltd. 9,016,368 108,956
  Max Healthcare Institute Ltd. 10,279,768 108,159
  Cipla Ltd. 7,715,335 106,922
  BSE Ltd. 2,762,571 106,703
  Cummins India Ltd. 1,895,272 105,594
  Tata Motors Passenger Vehicles Ltd. 28,622,077 103,490
  Varun Beverages Ltd. 18,684,466 101,774
*,1 Avenue Supermarts Ltd. 2,031,069 98,602
  Britannia Industries Ltd. 1,632,746 98,591
  Bajaj Finserv Ltd. 5,316,288 98,338
  Bajaj Auto Ltd. 930,586 98,321
  Hero MotoCorp Ltd. 1,802,884 97,422
  Cholamandalam Investment & Finance Co. Ltd. 5,859,148 97,129
  Power Finance Corp. Ltd. 20,054,034 95,204
  Adani Enterprises Ltd. 3,592,072 91,633
  Dr Reddy's Laboratories Ltd. 6,487,240 90,600
* Suzlon Energy Ltd. 150,166,220 88,526
  Bharat Petroleum Corp. Ltd. 27,347,358 87,079
* PB Fintech Ltd. 4,721,658 83,320
  Lupin Ltd. 3,350,790 81,904
1 HDFC Life Insurance Co. Ltd. 13,092,474 81,323
  GE Vernova T&D India Ltd. 1,713,095 80,587
  Indian Hotels Co. Ltd. Class A 11,801,829 79,470
* Indus Towers Ltd. 18,245,537 79,090
  Samvardhana Motherson International Ltd. 61,234,032 78,755
1 HDFC Asset Management Co. Ltd. 2,725,257 78,196
  CG Power & Industrial Solutions Ltd. 9,092,570 78,113
  Indian Oil Corp. Ltd. 51,854,288 78,062
1 AU Small Finance Bank Ltd. 7,233,264 77,698
  Federal Bank Ltd. 25,194,855 76,606
  Bharat Heavy Electricals Ltd. 20,186,257 75,262
  Persistent Systems Ltd. 1,449,972 74,084
  Bharat Forge Ltd. 3,561,348 70,993
  Wipro Ltd. 33,118,654 70,568
  Ashok Leyland Ltd. 39,452,272 67,810
  GAIL India Ltd. 38,428,278 66,477
  Fortis Healthcare Ltd. 6,791,183 66,422
  Jindal Steel Ltd. 5,130,215 66,386
* One 97 Communications Ltd. 5,687,635 66,099
  REC Ltd. 17,421,955 65,414
* Adani Energy Solutions Ltd. 4,598,994 65,383
  Torrent Pharmaceuticals Ltd. 1,462,894 64,631
  Vedanta Ltd. 22,488,292 64,581
  Pidilite Industries Ltd. 4,387,489 63,870
  Godrej Consumer Products Ltd. 5,561,490 62,862
  Hitachi Energy India Ltd. 175,318 62,276
1 ICICI Lombard General Insurance Co. Ltd. 3,310,589 61,759
  Dixon Technologies India Ltd. 516,313 61,143
* Max Financial Services Ltd. 3,633,101 60,839
  Polycab India Ltd. 696,686 59,837
  Marico Ltd. 7,299,893 59,758
1 LTM Ltd. 1,311,798 59,483
1 Laurus Labs Ltd. 5,069,816 59,194
  Coforge Ltd. 4,652,864 59,189
* Swiggy Ltd. 20,404,166 58,550
  United Spirits Ltd. 4,088,373 57,276
44

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Aurobindo Pharma Ltd. 3,877,242 57,056
* Adani Green Energy Ltd. 4,252,000 55,347
  ABB India Ltd. 721,400 55,108
  DLF Ltd. 8,828,923 54,957
  Solar Industries India Ltd. 334,890 54,705
  Embassy Office Parks REIT 12,124,159 54,359
  Multi Commodity Exchange of India Ltd. 1,724,539 54,333
  SRF Ltd. 2,017,970 53,878
  UPL Ltd. 7,891,895 53,694
  Muthoot Finance Ltd. 1,481,598 53,687
  Ambuja Cements Ltd. 11,370,960 53,480
  Hindustan Petroleum Corp. Ltd. 13,246,238 52,506
  National Aluminium Co. Ltd. 12,362,589 52,308
* Yes Bank Ltd. 243,262,722 51,407
  Glenmark Pharmaceuticals Ltd. 1,961,406 49,880
  Info Edge India Ltd. 4,802,159 49,487
* Siemens Ltd. 1,220,673 49,197
  APL Apollo Tubes Ltd. 2,432,272 49,045
  Torrent Power Ltd. 2,634,019 48,471
  Voltas Ltd. 3,191,758 48,333
* FSN E-Commerce Ventures Ltd. 17,180,722 48,219
  Phoenix Mills Ltd. 2,583,671 48,183
* IndusInd Bank Ltd. 4,849,773 47,089
  Tube Investments of India Ltd. 1,501,087 46,742
* Vishal Mega Mart Ltd. 35,785,637 46,352
  Bosch Ltd. 120,570 45,872
  Sundaram Finance Ltd. 956,080 45,829
  NMDC Ltd. 47,713,430 45,670
  JSW Energy Ltd. 7,623,323 45,254
  Mphasis Ltd. 1,810,430 43,710
  State Bank of India GDR 380,372 43,432
  KEI Industries Ltd. 843,794 43,425
  IDFC First Bank Ltd. 57,964,193 42,765
  Hindustan Zinc Ltd. 6,664,181 42,192
  MRF Ltd. 30,737 42,159
  Siemens Energy India Ltd. 1,213,665 42,155
  Colgate-Palmolive India Ltd. 1,871,143 41,455
  Havells India Ltd. 3,150,290 41,258
  Bajaj Holdings & Investment Ltd. 371,416 40,390
1 Sona Blw Precision Forgings Ltd. 6,203,975 39,990
* Vodafone Idea Ltd. 368,702,401 39,902
  Bank of Baroda 14,266,057 39,803
  360 ONE WAM Ltd. 3,589,882 39,279
  Steel Authority of India Ltd. 20,000,045 39,167
  Oil India Ltd. 7,517,699 39,034
* Delhivery Ltd. 7,862,339 38,854
  NHPC Ltd. 44,064,899 38,784
* Godrej Properties Ltd. 1,987,619 38,597
  Dabur India Ltd. 8,243,593 38,465
  Radico Khaitan Ltd. 1,056,734 38,219
  Hyundai Motor India Ltd. 1,957,895 37,675
  Biocon Ltd. 9,860,595 37,509
  WAAREE Energies Ltd. 1,127,858 37,273
  Union Bank of India Ltd. 21,085,613 37,086
  Mankind Pharma Ltd. 1,558,035 37,085
1 Lodha Developers Ltd. 3,890,591 37,084
  Punjab National Bank 31,671,769 36,690
* GMR Airports Ltd. 35,846,701 36,632
  Shree Cement Ltd. 142,740 36,497
  PI Industries Ltd. 1,127,063 36,360
  Canara Bank 25,069,041 35,780
  Navin Fluorine International Ltd. 493,680 35,625
  Alkem Laboratories Ltd. 613,685 35,021
  Coromandel International Ltd. 1,633,535 34,273
  Blue Star Ltd. 1,795,670 33,875
* Piramal Finance Ltd. 1,594,313 33,736
  Oracle Financial Services Software Ltd. 325,600 33,647
  Jindal Stainless Ltd. 4,135,626 33,607
  Indian Bank 3,712,022 33,467
  L&T Finance Ltd. 11,152,136 33,044
45

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
1 Indian Railway Finance Corp. Ltd. 29,821,395 32,967
  Zydus Lifesciences Ltd. 3,459,262 32,697
  Prestige Estates Projects Ltd. 2,173,949 32,569
  Supreme Industries Ltd. 833,391 32,023
* Aditya Birla Capital Ltd. 8,732,006 31,959
  Ipca Laboratories Ltd. 1,935,210 31,322
  Page Industries Ltd. 79,783 31,046
  Apar Industries Ltd. 233,054 30,467
  Mazagon Dock Shipbuilders Ltd. 1,049,642 30,361
  Petronet LNG Ltd. 10,309,595 30,165
  Mahindra & Mahindra Financial Services Ltd. 8,968,992 29,497
  UNO Minda Ltd. 2,475,638 29,142
*,3 Vedanta Aluminium Metal Ltd. 22,488,292 28,675
*,3 Talwandi Sabo Power Ltd. 22,488,292 28,675
*,3 Vedanta Iron & Steel Ltd. 22,488,292 28,675
*,3 Malco Energy Ltd. 22,488,292 28,675
  Oberoi Realty Ltd. 1,621,147 28,670
  SBI Cards & Payment Services Ltd. 4,129,647 28,174
1 Brookfield India Real Estate Trust 8,085,945 27,846
  JK Cement Ltd. 497,157 27,843
1 ICICI Prudential Life Insurance Co. Ltd. 5,042,926 27,372
1 PNB Housing Finance Ltd. 2,464,852 27,298
  Astral Ltd. 1,658,363 26,841
  Jubilant Foodworks Ltd. 5,254,191 26,590
  Lloyds Metals & Energy Ltd. 1,420,161 26,516
  Computer Age Management Services Ltd. 3,325,280 26,038
  Tata Communications Ltd. 1,553,025 25,968
  Crompton Greaves Consumer Electricals Ltd. 8,930,057 25,838
  Hindustan Copper Ltd. 4,534,087 25,782
1 Nippon Life India Asset Management Ltd. 2,400,472 25,703
  Container Corp. of India Ltd. 4,748,800 25,590
  Dr Reddy's Laboratories Ltd. ADR 1,873,980 25,561
  Balkrishna Industries Ltd. 1,116,538 25,544
  JB Chemicals & Pharmaceuticals Ltd. 1,158,863 24,985
  Rail Vikas Nigam Ltd. 7,890,735 24,906
1 Aster DM Healthcare Ltd. 3,278,691 24,322
* Amber Enterprises India Ltd. 285,234 24,248
  Schaeffler India Ltd. 553,408 24,215
  Welspun Corp. Ltd. 1,779,971 23,887
  Indian Railway Catering & Tourism Corp. Ltd. 4,150,577 23,710
  Manappuram Finance Ltd. 7,607,489 23,641
  LIC Housing Finance Ltd. 3,982,894 23,401
  Kalyan Jewellers India Ltd. 5,315,125 23,268
1 Bandhan Bank Ltd. 10,967,163 23,212
* ITC Hotels Ltd. 13,380,070 22,779
  Cholamandalam Financial Holdings Ltd. 1,379,136 22,727
1 RBL Bank Ltd. 6,336,315 22,599
  Great Eastern Shipping Co. Ltd. 1,351,046 22,564
  Patanjali Foods Ltd. 4,585,483 22,299
*,1 Krishna Institute of Medical Sciences Ltd. 3,126,997 22,095
  Exide Industries Ltd. 5,755,810 21,965
1 Cochin Shipyard Ltd. 1,172,527 21,530
  Tata Elxsi Ltd. 481,071 21,067
  Dalmia Bharat Ltd. 1,035,112 20,860
  Kirloskar Oil Engines Ltd. 1,146,503 20,677
  Kalpataru Projects International Ltd. 1,557,208 20,663
  Adani Total Gas Ltd. 3,061,272 20,575
*,1 SAI Life Sciences Ltd. 1,808,585 20,447
1 Gland Pharma Ltd. 1,092,480 20,241
  Karur Vysya Bank Ltd. 6,500,081 20,179
  Linde India Ltd. 259,431 20,087
* MTAR Technologies Ltd. 291,547 19,943
  Anand Rathi Wealth Ltd. 522,654 19,904
  Angel One Ltd. 6,057,115 19,831
  Apollo Tyres Ltd. 4,546,606 19,650
  Central Depository Services India Ltd. 1,429,217 19,270
  TD Power Systems Ltd. 1,568,543 19,127
  Acutaas Chemicals Ltd. 694,349 19,088
  Himadri Speciality Chemical Ltd. 2,948,554 18,957
  Gujarat Fluorochemicals Ltd. 489,724 18,663
46

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Bank of India 12,550,839 18,622
  Tata Chemicals Ltd. 2,164,439 18,526
* Ather Energy Ltd. 1,862,194 18,439
  Redington Ltd. 8,008,374 18,403
  Bharat Dynamics Ltd. 1,268,062 18,333
  Motilal Oswal Financial Services Ltd. 2,095,780 17,782
* Kaynes Technology India Ltd. 414,085 17,769
  Timken India Ltd. 489,681 17,768
* Star Health & Allied Insurance Co. Ltd. 3,190,316 17,701
  Neuland Laboratories Ltd. 111,032 17,650
  AIA Engineering Ltd. 420,571 17,577
  Bank of Maharashtra 21,070,074 17,503
1 General Insurance Corp. of India 4,211,866 17,497
  Deepak Nitrite Ltd. 948,370 17,476
  Thermax Ltd. 404,100 17,417
  Narayana Hrudayalaya Ltd. 930,334 17,380
  CESC Ltd. 8,711,406 17,322
1 Mindspace Business Parks REIT 3,511,927 17,312
  Ajanta Pharma Ltd. 580,163 17,306
  Indraprastha Gas Ltd. 9,776,086 17,188
1 IndiGrid Infrastructure Trust 9,405,969 17,070
  KPIT Technologies Ltd. 2,078,401 16,712
  Berger Paints India Ltd. 3,325,729 16,668
  Bharti Hexacom Ltd. 1,032,971 16,634
  Ramco Cements Ltd. 1,680,423 16,621
  ACC Ltd. 1,104,402 16,604
  ZF Commercial Vehicle Control Systems India Ltd. 106,499 16,564
  Housing & Urban Development Corp. Ltd. 7,007,732 16,408
* Sammaan Capital Ltd. 10,653,679 16,310
* Wockhardt Ltd. 1,103,492 16,302
  Aarti Industries Ltd. 3,029,815 16,289
  NLC India Ltd. 4,787,323 16,057
1 Premier Energies Ltd. 1,481,238 15,980
1 Sansera Engineering Ltd. 594,239 15,857
  Indian Renewable Energy Development Agency Ltd. 11,012,181 15,775
* Poonawalla Fincorp Ltd. 3,542,625 15,662
  Carborundum Universal Ltd. 1,538,011 15,524
* AWL Agri Business Ltd. 7,436,360 15,447
  KPR Mill Ltd. 1,554,803 15,444
  Escorts Kubota Ltd. 449,416 15,423
  HFCL Ltd. 12,410,034 15,288
  Motherson Sumi Wiring India Ltd. 35,442,177 15,243
* NTPC Green Energy Ltd. 13,062,538 15,174
  IIFL Finance Ltd. 3,112,703 15,147
1 Home First Finance Co. India Ltd. 1,230,630 15,138
  HDB Financial Services Ltd. 2,173,600 15,118
  Brigade Enterprises Ltd. 1,794,631 14,994
  Atul Ltd. 207,917 14,988
1 L&T Technology Services Ltd. 386,613 14,879
  Data Patterns India Ltd. 341,743 14,769
1 Dr Lal PathLabs Ltd. 1,018,300 14,743
  Kfin Technologies Ltd. 1,545,973 14,718
  GlaxoSmithKline Pharmaceuticals Ltd. 595,668 14,711
  Usha Martin Ltd. 3,064,957 14,683
  United Breweries Ltd. 947,562 14,612
  Granules India Ltd. 1,971,091 14,605
  Aptus Value Housing Finance India Ltd. 5,271,243 14,553
  Piramal Pharma Ltd. 8,294,585 14,219
  City Union Bank Ltd. 4,955,519 14,171
  Kajaria Ceramics Ltd. 1,124,256 14,135
  Tata Technologies Ltd. 2,291,098 14,102
  Tata Investment Corp. Ltd. 1,847,712 14,048
  Natco Pharma Ltd. 1,203,822 13,960
  NBCC India Ltd. 14,202,854 13,814
  Global Health Ltd. 1,166,403 13,789
  Nuvama Wealth Management Ltd. 981,646 13,766
  Godfrey Phillips India Ltd. 573,190 13,664
  Force Motors Ltd. 64,220 13,551
  Amara Raja Energy & Mobility Ltd. 1,454,731 13,449
* Jaiprakash Power Ventures Ltd. 64,000,677 13,388
47

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  JSW Infrastructure Ltd. 4,591,982 13,237
  Sagility Ltd. 29,773,133 13,180
  Five-Star Business Finance Ltd. 2,588,113 13,149
  Castrol India Ltd. 6,694,489 13,062
  Elgi Equipments Ltd. 2,222,181 13,038
  HBL Engineering Ltd. 1,538,689 13,017
  TVS Holdings Ltd. 86,371 12,998
  Sundram Fasteners Ltd. 1,447,851 12,983
1 Syngene International Ltd. 2,615,711 12,952
  CRISIL Ltd. 282,752 12,861
  3M India Ltd. 36,177 12,729
  Craftsman Automation Ltd. 156,150 12,725
* Onesource Specialty Pharma Ltd. 689,229 12,666
  Nava Ltd. 1,803,829 12,627
  Aegis Logistics Ltd. 1,701,817 12,612
* Inox Wind Ltd. 11,652,217 12,501
* Reliance Power Ltd. 40,945,546 12,485
  Garden Reach Shipbuilders & Engineers Ltd. 400,216 12,437
  PG Electroplast Ltd. 2,176,036 12,347
  IRB Infrastructure Developers Ltd. 53,843,964 12,300
  Emami Ltd. 2,600,311 12,237
  Deepak Fertilisers & Petrochemicals Corp. Ltd. 901,965 12,092
1 Endurance Technologies Ltd. 488,684 12,077
  Zee Entertainment Enterprises Ltd. 12,703,849 12,075
* Bajaj Housing Finance Ltd. 12,977,685 11,992
  Gujarat State Petronet Ltd. 3,969,670 11,975
2 Wipro Ltd. ADR 5,738,189 11,706
* Affle 3i Ltd. 776,956 11,696
* Sterlite Technologies Ltd. 3,731,309 11,674
  UTI Asset Management Co. Ltd. 1,136,479 11,425
  CCL Products India Ltd. 949,281 11,423
* EID Parry India Ltd. 1,264,489 11,305
  Whirlpool of India Ltd. 1,074,764 11,224
* Ola Electric Mobility Ltd. 28,746,564 11,126
  Zen Technologies Ltd. 624,436 11,090
* PVR Inox Ltd. 977,859 11,046
  Aditya Birla Real Estate Ltd. 696,329 10,956
* Cartrade Tech Ltd. 633,964 10,898
  KEC International Ltd. 1,817,421 10,779
* Inventurus Knowledge Solutions Ltd. 616,414 10,777
1 PowerGrid Infrastructure Investment Trust 10,957,620 10,773
  Cyient Ltd. 1,162,121 10,746
  Voltamp Transformers Ltd. 86,190 10,724
  Aditya Birla Sun Life Asset Management Co. Ltd. 991,700 10,659
* PTC Industries Ltd. 62,248 10,584
  Ceat Ltd. 289,526 10,577
  Syrma SGS Technology Ltd. 1,034,626 10,512
  Godawari Power & Ispat Ltd. 3,314,959 10,409
  Grindwell Norton Ltd. 624,739 10,387
  Can Fin Homes Ltd. 1,129,266 10,350
  Asahi India Glass Ltd. 1,158,446 10,238
* CreditAccess Grameen Ltd. 735,855 10,112
* Go Digit General Insurance Ltd. 3,079,745 10,070
  BEML Ltd. 526,420 10,052
  Authum Investment & Infrastucture Ltd. 2,003,707 10,031
  Hexaware Technologies Ltd. 2,093,721 9,933
  Honeywell Automation India Ltd. 30,295 9,927
  Engineers India Ltd. 3,710,282 9,894
  Netweb Technologies India Ltd. 229,513 9,884
  VA Tech Wabag Ltd. 616,129 9,852
  Anant Raj Ltd. 1,889,759 9,770
  NCC Ltd. 5,614,653 9,748
  Triveni Turbine Ltd. 1,600,500 9,710
* Cohance Lifesciences Ltd. 1,898,652 9,706
  Firstsource Solutions Ltd. 4,274,240 9,686
  Gujarat Gas Ltd. 2,404,594 9,681
  Chambal Fertilisers & Chemicals Ltd. 2,084,393 9,638
  Gabriel India Ltd. 885,463 9,631
  Tilaknagar Industries Ltd. 1,952,756 9,613
* Prime Focus Ltd. 2,885,849 9,522
48

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Techno Electric & Engineering Co. Ltd. 690,539 9,397
  LMW Ltd. 60,804 9,362
  Strides Pharma Science Ltd. 850,688 9,359
* Schneider Electric Infrastructure Ltd. 710,653 9,355
  Finolex Cables Ltd. 891,307 9,339
  Mahanagar Gas Ltd. 775,586 9,316
  Vardhman Textiles Ltd. 1,424,659 9,264
1 IndiaMart InterMesh Ltd. 415,700 9,263
1 IRB InvIT Fund 14,492,819 9,256
  Jubilant Pharmova Ltd. 939,993 9,239
* Medplus Health Services Ltd. 996,372 9,200
  Edelweiss Financial Services Ltd. 7,593,010 9,193
  Arvind Ltd. 2,158,658 9,126
  Sobha Ltd. 599,518 9,102
  Gujarat Mineral Development Corp. Ltd. 1,148,860 8,944
  CIE Automotive India Ltd. 1,781,635 8,942
  Titagarh Rail System Ltd. 1,092,968 8,913
  EIH Ltd. 2,626,797 8,889
* Azad Engineering Ltd. 385,271 8,840
  Birlasoft Ltd. 2,245,506 8,794
  Shyam Metalics & Energy Ltd. 948,838 8,763
  eClerx Services Ltd. 576,186 8,721
  Balrampur Chini Mills Ltd. 1,567,943 8,628
  Zensar Technologies Ltd. 1,581,813 8,614
*,1 Eris Lifesciences Ltd. 615,924 8,608
*,1 Lemon Tree Hotels Ltd. 6,894,183 8,590
  Bayer CropScience Ltd. 167,829 8,451
  Tamilnad Mercantile Bank Ltd. 1,074,885 8,410
  SJVN Ltd. 10,043,654 8,409
  LT Foods Ltd. 1,830,012 8,374
  Capri Global Capital Ltd. 4,246,373 8,363
  Gillette India Ltd. 99,209 8,349
  Intellect Design Arena Ltd. 1,053,832 8,329
* Aavas Financiers Ltd. 562,588 8,239
  Avanti Feeds Ltd. 554,685 8,165
  Jubilant Ingrevia Ltd. 1,081,848 8,146
1 Paradeep Phosphates Ltd. 5,955,886 8,145
  V-Guard Industries Ltd. 2,319,960 8,116
1 IRCON International Ltd. 5,009,537 8,115
1 Indian Energy Exchange Ltd. 6,125,755 8,097
* Jyoti CNC Automation Ltd. 1,018,645 8,078
  Kirloskar Pneumatic Co. Ltd. 506,561 8,066
  Rainbow Children's Medicare Ltd. 604,025 8,025
* Indian Overseas Bank 21,578,309 8,011
  Shaily Engineering Plastics Ltd. 298,335 7,994
* Aditya Birla Lifestyle Brands Ltd. 7,284,494 7,938
  Shriram Pistons & Rings Ltd. 213,485 7,887
  Jammu & Kashmir Bank Ltd. 5,754,065 7,856
*,1 Ujjivan Small Finance Bank Ltd. 13,013,307 7,801
* Devyani International Ltd. 5,860,690 7,740
  JSW Dulux Ltd. 248,103 7,738
  Chennai Petroleum Corp. Ltd. 644,910 7,704
1 Metropolis Healthcare Ltd. 1,514,703 7,651
  JK Tyre & Industries Ltd. 1,770,791 7,642
  JM Financial Ltd. 5,183,916 7,630
  Gravita India Ltd. 441,188 7,626
  Astra Microwave Products Ltd. 640,481 7,624
  Vijaya Diagnostic Centre Ltd. 637,162 7,624
  PCBL Chemical Ltd. 2,459,564 7,576
  Sarda Energy & Minerals Ltd. 1,206,657 7,562
  Shipping Corp. of India Ltd. 2,344,609 7,554
  RR Kabel Ltd. 453,822 7,554
  Ratnamani Metals & Tubes Ltd. 268,832 7,514
  Metro Brands Ltd. 692,435 7,507
  Poly Medicure Ltd. 468,202 7,498
  South Indian Bank Ltd. 17,908,449 7,482
* Aadhar Housing Finance Ltd. 1,444,909 7,478
* BlackBuck Ltd. 1,286,240 7,462
  KSB Ltd. 719,560 7,459
  Sun TV Network Ltd. 1,164,646 7,458
49

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Belrise Industries Ltd. 3,301,945 7,454
  Time Technoplast Ltd. 3,629,903 7,414
  Afcons Infrastructure Ltd. 2,045,579 7,366
  Sumitomo Chemical India Ltd. 1,652,328 7,338
  Jindal Saw Ltd. 3,089,258 7,288
  Olectra Greentech Ltd. 549,522 7,256
  Praj Industries Ltd. 1,666,450 7,189
  HEG Ltd. 1,135,370 7,146
  PTC India Ltd. 3,228,258 7,108
  Karnataka Bank Ltd. 2,495,990 7,094
  Zydus Wellness Ltd. 1,313,263 7,050
* NMDC Steel Ltd. 15,501,363 7,010
  Century Plyboards India Ltd. 825,497 6,969
  Swan Corp. Ltd. 1,944,135 6,898
  Ramkrishna Forgings Ltd. 1,087,089 6,884
* Hindustan Construction Co. Ltd. 28,979,257 6,789
  Supreme Petrochem Ltd. 847,609 6,786
* Gokaldas Exports Ltd. 902,390 6,783
* Sapphire Foods India Ltd. 3,094,865 6,731
  Chalet Hotels Ltd. 838,798 6,710
  Graphite India Ltd. 892,984 6,676
  Bata India Ltd. 865,358 6,567
* Honasa Consumer Ltd. 1,809,064 6,538
  Vesuvius India Ltd. 1,182,749 6,503
  CMS Info Systems Ltd. 2,060,872 6,330
  Kirloskar Brothers Ltd. 345,839 6,326
  Alembic Pharmaceuticals Ltd. 785,700 6,278
  Finolex Industries Ltd. 3,406,242 6,238
  Procter & Gamble Health Ltd. 112,910 6,225
* IFCI Ltd. 9,953,018 6,202
  IDBI Bank Ltd. 7,702,100 6,195
* Godrej Industries Ltd. 605,880 6,143
  Sudarshan Chemical Industries Ltd. 634,849 6,139
  Knowledge Realty Trust 4,883,339 6,139
* Nazara Technologies Ltd. 2,192,251 6,119
  JK Lakshmi Cement Ltd. 895,403 6,105
  Pricol Ltd. 1,005,513 6,093
  DCM Shriram Ltd. 468,298 6,073
  Sonata Software Ltd. 2,240,947 6,068
  BASF India Ltd. 157,238 6,053
  Cemindia Projects Ltd. 698,769 6,038
  Bikaji Foods International Ltd. 842,545 6,027
  Tega Industries Ltd. 340,509 5,999
  Doms Industries Ltd. 246,667 5,994
  Marksans Pharma Ltd. 3,053,396 5,985
  Prudent Corporate Advisory Services Ltd. 198,586 5,937
* Tbo Tek Ltd. 446,431 5,937
  Elecon Engineering Co. Ltd. 1,101,199 5,917
* BrainBees Solutions Ltd. 2,328,428 5,911
  Gujarat Pipavav Port Ltd. 3,574,112 5,890
  AstraZeneca Pharma India Ltd. 67,650 5,883
1 KPI Green Energy Ltd. 1,237,402 5,869
  SKF India Ltd. 322,567 5,864
  Minda Corp. Ltd. 1,059,913 5,843
  Care Ratings Ltd. 329,200 5,821
  Kansai Nerolac Paints Ltd. 2,766,749 5,770
  Clean Science & Technology Ltd. 662,064 5,746
  Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 1,145,333 5,685
* SBFC Finance Ltd. 5,756,426 5,629
  Welspun Living Ltd. 4,096,055 5,628
1 New India Assurance Co. Ltd. 3,286,271 5,581
  Gujarat State Fertilizers & Chemicals Ltd. 3,082,344 5,561
  IIFL Capital Services Ltd. 1,665,325 5,531
*,1 Equitas Small Finance Bank Ltd. 7,648,347 5,405
  Aarti Pharmalabs Ltd. 683,494 5,359
* Rategain Travel Technologies Ltd. 837,341 5,344
  Garware Hi-Tech Films Ltd. 123,705 5,249
* Le Travenues Technology Ltd. 2,944,665 5,247
  Transformers & Rectifiers India Ltd. 1,476,311 5,243
  Trident Ltd. 18,961,082 5,232
50

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Arvind Fashions Ltd. 1,086,789 5,093
  TSF Investments Ltd. 1,191,689 5,089
  Shilpa Medicare Ltd. 1,178,666 5,076
  Happiest Minds Technologies Ltd. 1,283,771 5,074
  Central Bank of India Ltd. 13,047,023 5,042
  Mahindra Lifespace Developers Ltd. 1,399,769 5,040
* Bajaj Consumer Care Ltd. 1,042,301 4,971
  Archean Chemical Industries Ltd. 767,831 4,932
  Fine Organic Industries Ltd. 100,131 4,903
* Eureka Forbes Ltd. 927,788 4,901
  Caplin Point Laboratories Ltd. 270,314 4,895
  Mangalore Refinery & Petrochemicals Ltd. 2,742,844 4,861
  Vinati Organics Ltd. 346,244 4,856
* Aditya Birla Fashion & Retail Ltd. 7,055,002 4,811
  Triveni Engineering & Industries Ltd. 1,095,663 4,771
  Maharashtra Scooters Ltd. 36,726 4,762
  Power Mech Projects Ltd. 180,273 4,747
  GHCL Ltd. 882,173 4,740
  Action Construction Equipment Ltd. 499,998 4,706
* India Cements Ltd. 1,119,775 4,689
  Sanofi India Ltd. 129,734 4,669
  Jupiter Wagons Ltd. 1,550,334 4,652
* Websol Energy System Ltd. 3,951,350 4,630
  DCB Bank Ltd. 2,333,390 4,629
  EPL Ltd. 1,905,345 4,559
  Shakti Pumps India Ltd. 755,517 4,519
1 Tejas Networks Ltd. 1,026,949 4,512
* Sanofi Consumer Healthcare India Ltd. 88,720 4,466
  Safari Industries India Ltd. 295,740 4,422
  Blue Dart Express Ltd. 75,884 4,389
  Concord Biotech Ltd. 361,053 4,368
  Jyothy Labs Ltd. 1,551,365 4,366
  Mrs Bectors Food Specialities Ltd. 2,093,875 4,354
1 Godrej Agrovet Ltd. 690,228 4,350
* Borosil Renewables Ltd. 814,251 4,324
* Nuvoco Vistas Corp. Ltd. 1,370,777 4,310
  Jupiter Life Line Hospitals Ltd. 332,671 4,308
  Tanla Platforms Ltd. 791,251 4,305
  Genus Power Infrastructures Ltd. 1,301,294 4,305
  ISGEC Heavy Engineering Ltd. 370,654 4,265
* GMR Power & Urban Infra Ltd. 3,701,554 4,186
* Restaurant Brands Asia Ltd. 6,038,432 4,177
  Railtel Corp. of India Ltd. 1,208,534 4,158
  RITES Ltd. 1,777,189 4,129
  Suprajit Engineering Ltd. 931,555 4,091
  BLS International Services Ltd. 1,380,983 4,076
  Westlife Foodworld Ltd. 809,452 4,068
* SignatureGlobal India Ltd. 440,212 4,050
  JK Paper Ltd. 1,036,943 3,950
* RattanIndia Power Ltd. 35,881,388 3,858
  ION Exchange India Ltd. 917,222 3,851
  JBM Auto Ltd. 568,254 3,802
  Garware Technical Fibres Ltd. 581,345 3,779
  Vedant Fashions Ltd. 832,971 3,764
  Birla Corp. Ltd. 387,811 3,733
* Sterling & Wilson Renewable 1,678,234 3,719
  Newgen Software Technologies Ltd. 691,756 3,709
  Paisalo Digital Ltd. 6,941,498 3,676
  Rhi Magnesita India Ltd. 858,679 3,664
  Bombay Burmah Trading Co. 230,324 3,659
  Mastek Ltd. 198,396 3,560
  Maharashtra Seamless Ltd. 524,617 3,549
* VIP Industries Ltd. 1,127,950 3,536
  KRBL Ltd. 892,931 3,465
  Electrosteel Castings Ltd. 3,950,273 3,433
  Rain Industries Ltd. 2,556,372 3,416
  GMM Pfaudler Ltd. 356,833 3,412
  PNC Infratech Ltd. 1,493,424 3,384
*,3 Reliance Infrastructure Ltd. 4,018,404 3,366
* AvenuesAI Ltd. 23,087,926 3,364
51

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Alkyl Amines Chemicals 209,166 3,360
  Cera Sanitaryware Ltd. 59,759 3,323
* V-Mart Retail Ltd. 504,508 3,296
  Campus Activewear Ltd. 1,252,981 3,287
*,3 Embassy Developments Ltd. 6,680,394 3,281
  Saregama India Ltd. 903,216 3,275
* Shree Renuka Sugars Ltd. 10,516,390 3,248
  Texmaco Rail & Engineering Ltd. 2,840,793 3,172
* Tata Teleservices Maharashtra Ltd. 6,966,273 3,168
  Rallis India Ltd. 1,111,200 3,128
* Valor Estate Ltd. 2,827,197 3,114
  Anup Engineering Ltd. 142,255 3,109
  G R Infraprojects Ltd. 312,706 3,103
  NIIT Learning Systems Ltd. 917,739 3,044
  Relaxo Footwears Ltd. 956,381 3,024
  AurionPro Solutions Ltd. 324,842 2,995
  Orient Electric Ltd. 1,502,704 2,938
  TTK Prestige Ltd. 534,583 2,853
* Network18 Media & Investments Ltd. 7,805,450 2,847
  Gateway Distriparks Ltd. 4,671,257 2,838
1 Dilip Buildcon Ltd. 574,868 2,823
* Sheela Foam Ltd. 510,626 2,759
* Raymond Lifestyle Ltd. 324,440 2,743
* TVS Supply Chain Solutions Ltd. 2,187,677 2,652
  Cello World Ltd. 599,578 2,649
  Galaxy Surfactants Ltd. 133,613 2,627
  NOCIL Ltd. 1,351,301 2,570
* Alok Industries Ltd. 17,390,159 2,547
  KNR Constructions Ltd. 1,918,782 2,540
  Bajaj Electricals Ltd. 584,646 2,453
* Ashoka Buildcon Ltd. 1,703,300 2,427
* Chemplast Sanmar Ltd. 997,953 2,409
  Kaveri Seed Co. Ltd. 227,959 2,332
  Thomas Cook India Ltd. 2,246,665 2,229
* Raymond Ltd. 440,433 2,180
* Zaggle Prepaid Ocean Services Ltd. 833,023 2,124
* TeamLease Services Ltd. 160,670 2,092
  Balaji Amines Ltd. 145,034 2,051
  Symphony Ltd. 221,867 1,986
* Jai Balaji Industries Ltd. 2,382,165 1,976
* Sun Pharma Advanced Research Co. Ltd. 1,225,907 1,856
  Polyplex Corp. Ltd. 185,111 1,854
  Pfizer Ltd. 35,051 1,748
* Just Dial Ltd. 311,676 1,730
  Vaibhav Global Ltd. 748,671 1,724
* Rajesh Exports Ltd. 1,280,152 1,622
* JSW Holdings Ltd. 11,955 1,577
1 Quess Corp. Ltd. 750,387 1,573
  Route Mobile Ltd. 218,313 1,221
  Orient Cement Ltd. 763,819 1,161
* Allcargo Logistics Ltd. 10,235,100 1,047
*,3 Allcargo Worldwide Ltd. 3,658,570 897
* Genus Prime Infra Ltd. 218,509 62
            26,111,360
Indonesia (1.0%)
  Bank Central Asia Tbk. PT 680,750,850 230,802
  Bank Rakyat Indonesia Persero Tbk. PT 918,003,560 158,810
  Bank Mandiri Persero Tbk. PT 602,493,750 153,305
  Telkom Indonesia Persero Tbk. PT 606,252,152 99,173
  Astra International Tbk. PT 281,011,881 97,353
* Amman Mineral Internasional PT 168,328,400 49,672
* Dian Swastatika Sentosa Tbk. PT 423,587,500 39,680
  Bank Negara Indonesia Persero Tbk. PT 167,368,752 36,061
* Bumi Resources Minerals Tbk. PT 735,967,825 34,273
* GoTo Gojek Tokopedia Tbk. PT Class A 10,964,257,900 34,234
  United Tractors Tbk. PT 19,668,127 33,047
* Bumi Resources Tbk. PT 2,246,094,895 31,237
* Merdeka Copper Gold Tbk. PT 166,569,600 31,171
* Barito Pacific Tbk. PT 286,965,625 30,490
52

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Indofood Sukses Makmur Tbk. PT 60,885,108 23,751
  Charoen Pokphand Indonesia Tbk. PT 101,607,723 23,547
  Aneka Tambang Tbk. 103,947,110 22,558
  Sumber Alfaria Trijaya Tbk. PT 280,788,100 21,488
  Alamtri Resources Indonesia Tbk. PT 128,845,279 18,791
  Indah Kiat Pulp & Paper Tbk. PT 32,403,568 18,319
  Adaro Andalan Indonesia PT 26,677,500 17,866
* Petrindo Jaya Kreasi Tbk. PT 234,104,830 16,280
  Perusahaan Gas Negara Persero Tbk. PT 123,358,879 13,878
  Kalbe Farma Tbk. PT 259,666,384 13,017
  Indofood CBP Sukses Makmur Tbk. PT 32,115,347 12,596
  XLSMART Telecom Sejahtera Tbk. PT 65,210,408 11,082
  Elang Mahkota Teknologi Tbk. PT 229,313,600 10,958
  Vale Indonesia Tbk. PT 24,234,330 9,616
  Alamtri Minerals Indonesia Tbk. PT 89,575,699 9,593
  Medco Energi Internasional Tbk. PT 86,683,242 8,790
  Pabrik Kertas Tjiwi Kimia Tbk. PT 17,471,500 8,748
  Indosat Tbk. PT 72,012,000 8,311
* Japfa Comfeed Indonesia Tbk. PT 54,801,000 7,864
  Bukit Asam Persero Tbk. PT 47,367,744 7,860
  Mitra Adiperkasa Tbk. PT 109,479,226 7,706
  Trimegah Bangun Persada Tbk. PT 127,110,900 7,683
  AKR Corporindo Tbk. PT 80,642,825 7,377
  Mitra Keluarga Karyasehat Tbk. PT 64,978,772 7,238
  Unilever Indonesia Tbk. PT 80,686,255 7,166
  Sarana Menara Nusantara Tbk. PT 248,416,300 6,829
  Medikaloka Hermina Tbk. PT 102,314,499 6,797
  Dayamitra Telekomunikasi PT 221,164,600 6,592
  Timah Tbk. PT 29,742,074 6,172
* Bukalapak.com PT Tbk. 665,867,000 5,742
  Gudang Garam Tbk. PT 6,114,130 5,663
* MNC Digital Entertainment Tbk. PT 120,815,025 5,589
  Semen Indonesia Persero Tbk. PT 46,413,407 5,376
  Indo Tambangraya Megah Tbk. PT 3,346,180 5,154
* Bank Tabungan Negara Persero Tbk. PT 65,031,756 5,104
  Cisarua Mountain Dairy PT Tbk. 20,814,132 5,090
* Bank Jago Tbk. PT 66,960,800 5,058
  Bank Syariah Indonesia Persero Tbk. PT 46,310,590 4,756
  Ciputra Development Tbk. PT 117,647,850 4,693
* ESSA Industries Indonesia Tbk. PT 92,851,345 4,693
  Mayora Indah Tbk. PT 46,994,500 4,633
  Map Aktif Adiperkasa PT 116,945,500 4,132
  Indocement Tunggal Prakarsa Tbk. PT 13,708,197 4,127
  Jasa Marga Persero Tbk. PT 23,010,604 3,941
  Perusahaan Perkebunan London Sumatra Indonesia Tbk. PT 37,618,295 3,751
  BFI Finance Indonesia Tbk. PT 80,831,000 3,737
  Pakuwon Jati Tbk. PT 192,061,467 3,507
  Avia Avian Tbk. PT 143,770,100 3,210
  Bank Pan Indonesia Tbk. PT 46,789,000 2,760
  Industri Jamu Dan Farmasi Sido Muncul Tbk. PT 90,747,700 2,616
  PT Tower Bersama Infrastructure Tbk. 24,866,921 2,510
  Summarecon Agung Tbk. PT 135,431,708 2,426
  Astra Agro Lestari Tbk. PT 5,081,013 2,377
* Lippo Karawaci Tbk. PT 429,906,288 2,042
* Bumi Serpong Damai Tbk. PT 45,634,001 2,035
  Surya Citra Media Tbk. PT 132,127,255 1,910
  Aspirasi Hidup Indonesia Tbk. PT 92,148,456 1,907
* Siloam International Hospitals Tbk. PT 13,179,910 1,904
* Bank Neo Commerce Tbk. PT 97,145,305 1,722
  Bank BTPN Syariah Tbk. PT 26,474,400 1,531
* Panin Financial Tbk. PT 100,270,731 1,405
  MDS Retailing Tbk. PT 14,640,811 1,380
* Media Nusantara Citra Tbk. PT 83,408,924 1,168
* Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk. PT 17,694,830 890
*,3 Waskita Karya Persero Tbk. PT 255,000,319 —
            1,526,320
Kuwait (0.7%)
  Kuwait Finance House KSCP 182,864,079 469,835
  National Bank of Kuwait SAKP 119,509,407 334,392
53

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Boubyan Bank KSCP 26,181,252 57,865
  Mobile Telecommunications Co. KSCP 30,881,177 57,249
  Gulf Bank KSCP 32,070,867 35,408
  Warba Bank KSCP 32,290,645 30,602
  Mabanee Co. KPSC 9,289,047 30,381
  National Industries Group Holding SAK 26,846,634 22,653
  Al Ahli Bank of Kuwait KSCP 21,667,812 19,682
* Kuwait Real Estate Co. KSC 12,645,567 14,312
  Boursa Kuwait Securities Co. KPSC 1,477,764 13,553
  Kuwait International Bank KSCP 15,142,114 13,403
  Commercial Real Estate Co. KSC 19,406,265 12,161
  Kuwait Telecommunications Co. 5,454,284 11,485
  Boubyan Petrochemicals Co. KSCP 5,199,358 10,386
  Agility Public Warehousing Co. KSCC 21,818,600 10,237
  Humansoft Holding Co. KSC 1,251,138 9,776
  Burgan Bank SAK 14,905,551 9,743
  Gulf Cables & Electrical Industries Group Co. KSCP 1,459,521 9,194
  Salhia Real Estate Co. KSCP 6,096,639 7,827
* Kuwait Projects Co. Holding KSCP 26,277,044 7,241
* National Real Estate Co. KPSC 14,652,343 4,869
* Jazeera Airways Co. KSCP 574,883 3,108
            1,195,362
Malaysia (1.8%)
  Malayan Banking Bhd. 104,509,572 291,857
  Public Bank Bhd. 202,118,990 238,336
  Tenaga Nasional Bhd. 62,105,751 227,617
  CIMB Group Holdings Bhd. 115,546,608 223,145
  Press Metal Aluminium Holdings Bhd. 51,706,740 112,370
  IHH Healthcare Bhd. 42,778,835 95,033
  Gamuda Bhd. 71,900,734 80,232
  SD Guthrie Bhd. 50,622,079 79,032
  AMMB Holdings Bhd. 38,564,845 59,757
  Petronas Gas Bhd. 13,256,663 59,444
  RHB Bank Bhd. 28,646,900 58,740
  MISC Bhd. 27,778,996 58,609
  Petronas Chemicals Group Bhd. 38,504,612 57,469
  Sunway Bhd. 37,080,800 50,216
  Hong Leong Bank Bhd. 8,527,072 47,821
  IOI Corp. Bhd. 39,649,190 43,114
  Celcomdigi Bhd. 53,296,633 40,284
  Kuala Lumpur Kepong Bhd. 7,104,057 37,962
  Axiata Group Bhd. 62,068,249 36,754
  Maxis Bhd. 39,690,160 34,933
  YTL Power International Bhd. 35,980,840 34,665
  Dialog Group Bhd. 59,346,260 33,960
  Sime Darby Bhd. 56,000,936 30,522
  Telekom Malaysia Bhd. 15,913,178 30,008
  TIME dotCom Bhd. 19,551,980 29,746
  United Plantations Bhd. 3,633,100 29,043
  IJM Corp. Bhd. 45,861,534 27,922
  KPJ Healthcare Bhd. 33,025,800 27,716
  YTL Corp. Bhd. 52,818,920 27,203
  PPB Group Bhd. 8,344,860 24,227
  Petronas Dagangan Bhd. 4,677,507 23,824
  IOI Properties Group Bhd. 22,367,300 23,409
  Nestle Malaysia Bhd. 852,457 23,296
  IGB REIT 29,860,600 21,884
  QL Resources Bhd. 22,555,245 21,584
  Frontken Corp. Bhd. 20,010,550 21,356
  Inari Amertron Bhd. 42,489,700 21,247
  Sime Darby Property Bhd. 59,132,855 21,167
  Westports Holdings Bhd. 14,380,800 20,658
1 MR DIY Group M Bhd. 46,739,950 19,685
  Bursa Malaysia Bhd. 8,774,700 18,894
  Genting Bhd. 28,500,624 18,480
  99 Speed Mart Retail Holdings Bhd. 20,058,500 17,457
  Fraser & Neave Holdings Bhd. 2,200,900 17,352
  Sunway REIT 25,888,800 16,041
  Zetrix Ai Bhd. 73,435,800 15,208
54

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Alliance Bank Malaysia Bhd. 12,795,524 15,033
* Sunway Healthcare Holdings Bhd. 29,027,690 13,814
  Yinson Holdings Bhd. 25,516,040 13,781
  Top Glove Corp. Bhd. 70,748,990 12,920
  Axis REIT 23,804,800 12,054
* Tanco Holdings Bhd. 30,432,380 11,958
  ViTrox Corp. Bhd. 8,592,900 11,816
  Kelington Group Bhd. 7,559,439 11,389
  Sunway Construction Group Bhd. 6,429,300 11,086
  Genting Malaysia Bhd. 21,500,937 10,724
  Heineken Malaysia Bhd. 1,844,773 10,629
  SP Setia Bhd. Group 40,186,145 10,555
  Pavilion REIT 23,304,600 10,512
  Malayan Cement Bhd. 5,900,800 10,333
  Farm Fresh Bhd. 15,639,401 10,015
  Malaysian Pacific Industries Bhd. 1,056,700 9,784
  Gas Malaysia Bhd. 6,364,600 8,660
  ITMAX System Bhd. 6,974,400 8,523
  Eco World Development Group Bhd. 16,161,800 8,404
  Carlsberg Brewery Malaysia Bhd. 1,905,409 7,985
* Greatech Technology Bhd. 13,155,700 7,969
  Malakoff Corp. Bhd. 34,948,200 7,527
  Scientex Bhd. 7,777,100 7,409
* Pentamaster Corp. Bhd. 6,672,850 6,721
  Mah Sing Group Bhd. 23,241,134 6,463
* UWC Bhd. 4,901,500 6,051
  Mega First Corp. Bhd. 7,530,000 5,883
  MBSB Bhd. 32,367,600 5,593
* Hartalega Holdings Bhd. 19,681,010 5,568
  Bank Islam Malaysia Bhd. 9,273,550 5,469
  Velesto Energy Bhd. 60,415,127 5,170
  Bumi Armada Bhd. 46,818,528 4,732
  Kossan Rubber Industries Bhd. 16,558,200 4,588
  CTOS Digital Bhd. 22,037,100 3,948
  Hibiscus Petroleum Bhd. 6,653,920 3,695
  DRB-Hicom Bhd. 11,114,900 3,308
  UEM Sunrise Bhd. 18,580,600 3,032
  Syarikat Takaful Malaysia Keluarga Bhd. 3,552,900 2,974
  Sports Toto Bhd. 8,720,960 2,972
  Bermaz Auto Bhd. 12,412,200 2,957
  Cahya Mata Sarawak Bhd. 9,231,800 2,899
* Malaysian Resources Corp. Bhd. 28,642,700 2,568
* Berjaya Corp. Bhd. 37,977,259 2,494
  Nationgate Holdings Bhd. 12,949,610 2,429
* Dagang NeXchange Bhd. 31,529,500 2,402
  Padini Holdings Bhd. 6,417,055 2,376
  British American Tobacco Malaysia Bhd. 1,425,934 2,221
  VS Industry Bhd. 40,365,056 2,145
* WCT Holdings Bhd. 15,703,764 1,882
* Supermax Corp. Bhd. 21,270,574 1,689
* D&O Green Technologies Bhd. 7,700,200 919
            2,895,307
Mexico (2.2%)
  Grupo Financiero Banorte SAB de CV 39,976,240 434,078
  Grupo Mexico SAB de CV Class B 39,534,041 432,717
  America Movil SAB de CV Class B 217,512,256 289,004
  Fomento Economico Mexicano SAB de CV 24,158,523 285,515
  Cemex SAB de CV 210,171,654 258,075
  Wal-Mart de Mexico SAB de CV 70,523,037 222,326
  Arca Continental SAB de CV 12,133,239 145,771
  Grupo Aeroportuario del Pacifico SAB de CV Class B 5,665,258 142,117
* Industrias Penoles SAB de CV 2,604,531 131,311
  Prologis Property Mexico SA de CV 15,070,026 68,955
  Grupo Aeroportuario del Sureste SAB de CV Class B 2,233,276 68,057
  Fibra Uno Administracion SA de CV 38,293,202 65,742
  Coca-Cola Femsa SAB de CV 6,423,087 65,067
  Grupo Financiero Inbursa SAB de CV 24,645,930 60,668
  Grupo Bimbo SAB de CV Class A 16,782,043 57,143
  Grupo Carso SAB de CV 7,487,459 56,926
55

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Grupo Aeroportuario del Centro Norte SAB de CV Class B 3,799,068 50,419
  Kimberly-Clark de Mexico SAB de CV Class A 21,560,332 48,753
  Corp. Inmobiliaria Vesta SAB de CV 11,713,683 41,695
  Gentera SAB de CV 14,937,544 39,130
  Megacable Holdings SAB de CV 11,142,297 39,005
  Gruma SAB de CV Class B 2,228,577 38,676
  Promotora y Operadora de Infraestructura SAB de CV 2,407,834 38,126
  Fibra MTY SAPI de CV 41,326,591 35,629
1 Banco del Bajio SA 11,119,635 34,807
  Sigma Foods SAB de CV Class A 34,537,441 32,721
  Regional SAB de CV 3,510,628 29,583
1 FIBRA Macquarie Mexico 11,163,384 27,665
  Qualitas Controladora SAB de CV 2,747,452 27,400
  GCC SAB de CV 2,301,107 27,189
  Grupo Comercial Chedraui SA de CV 4,007,371 23,466
  Alsea SAB de CV 6,801,717 20,021
  Grupo Televisa SAB 31,741,495 18,098
  Bolsa Mexicana de Valores SAB de CV 7,772,675 17,509
* Alpek SAB de CV Class A 23,043,481 16,489
  El Puerto de Liverpool SAB de CV 2,693,830 15,952
* Orbia Advance Corp. SAB de CV 11,856,523 14,192
* Controladora Vuela Cia de Aviacion SAB de CV Class A 12,655,349 9,462
  Genomma Lab Internacional SAB de CV Class B 9,370,868 8,841
  La Comer SAB de CV 3,276,492 7,446
*,1 Nemak SAB de CV 37,402,594 7,044
  Becle SAB de CV 6,550,283 5,276
*,1 Grupo Traxion SAB de CV Class A 5,842,134 3,478
            3,461,544
Philippines (0.4%)
  International Container Terminal Services Inc. 15,098,341 174,985
  BDO Unibank Inc. 31,646,356 59,177
  SM Prime Holdings Inc. 139,876,378 43,285
  Bank of the Philippine Islands 26,391,641 38,425
  Ayala Corp. 4,029,760 30,640
  Manila Electric Co. 2,795,213 29,659
  Metropolitan Bank & Trust Co. 25,333,035 27,626
  PLDT Inc. 1,337,644 27,289
  Ayala Land Inc. 92,653,127 22,797
  JG Summit Holdings Inc. 38,848,268 17,151
  Jollibee Foods Corp. 6,476,539 16,756
  AREIT Inc. 19,940,800 12,811
  Universal Robina Corp. 12,136,471 12,056
  Aboitiz Power Corp. 16,212,600 12,003
  Globe Telecom Inc. 427,974 11,479
  RL Commercial REIT Inc. 97,546,737 10,955
  Manila Water Co. Inc. 13,739,300 9,844
  GT Capital Holdings Inc. 1,266,212 9,739
  Puregold Price Club Inc. 13,544,156 9,476
  Century Pacific Food Inc. 17,400,787 8,084
  DMCI Holdings Inc. 47,246,297 7,358
  Converge Information & Communications Technology Solutions Inc. 33,590,500 6,947
  LT Group Inc. 26,783,950 6,537
1 Monde Nissin Corp. 58,950,500 6,523
  Robinsons Land Corp. 21,760,007 6,151
  ACEN Corp. 129,862,994 6,011
  DigiPlus Interactive Corp. 25,017,330 5,532
  Security Bank Corp. 5,103,419 5,395
  Semirara Mining & Power Corp. Class A 11,546,228 4,887
  Megaworld Corp. 110,060,303 3,717
  Wilcon Depot Inc. 18,594,800 1,878
  D&L Industries Inc. 26,000,190 1,512
* Bloomberry Resorts Corp. 44,689,049 1,458
* Cebu Air Inc. 2,618,253 1,392
            649,535
Qatar (0.6%)
  Qatar National Bank QPSC 60,451,101 287,863
  Qatar Islamic Bank QPSC 25,034,834 152,897
  Industries Qatar QSC 27,767,650 91,183
  Commercial Bank PSQC 46,896,524 55,458
56

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Al Rayan Bank 87,119,134 51,814
  Ooredoo QPSC 12,843,563 48,367
  Qatar Gas Transport Co. Ltd. 37,824,879 44,492
  Qatar International Islamic Bank QSC 12,080,827 37,535
  Qatar Fuel QSC 8,406,382 33,085
  Doha Bank QPSC 40,134,645 29,749
  Nebras Energy 6,833,995 27,485
  Dukhan Bank 28,242,848 26,911
  Mesaieed Petrochemical Holding Co. 74,019,904 24,117
  Barwa Real Estate Co. 31,680,234 20,523
  Qatar Aluminum Manufacturing Co. 38,141,316 16,952
  Vodafone Qatar PQSC 22,112,809 16,189
* Estithmar Holding QPSC 13,929,990 15,104
  Gulf International Services QSC 14,565,924 8,310
  United Development Co. QSC 22,908,859 5,355
  Al Meera Consumer Goods Co. QSC 1,366,297 5,087
* Ezdan Holding Group QSC 20,814,698 4,882
            1,003,358
Romania (0.1%)
  Banca Transilvania SA 13,026,387 106,770
  Societatea De Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA 1,236,481 44,384
  OMV Petrom SA 55,792,799 12,679
  Societatea Energetica Electrica SA 2,003,412 12,226
  Societatea Nationala Nuclearelectrica SA 745,805 11,915
* MED Life SA 3,207,498 8,705
  One United Properties SA 498,092 3,320
  TTS Transport Trade Services SA 1,867,951 2,347
* Teraplast SA 20,449,815 2,205
            204,551
Russia (0.0%)
*,3 Mechel PJSC ADR 164,675 —
*,3 Surgutneftegas PAO ADR 144,600 —
*,3 Novatek PJSC GDR 1,400 —
*,3 Severstal PAO GDR 206,805 —
*,3 Raspadskaya PAO 910,080 —
*,3 VTB Bank PJSC 1,368,861 —
*,3 Polyus PJSC GDR 523,471 —
*,1,3 Segezha Group PJSC 18,427,200 —
*,3 PhosAgro PJSC GDR 9,292 —
            —
Saudi Arabia (3.2%)
  Al Rajhi Bank 40,729,074 746,724
1 Saudi Arabian Oil Co. 82,339,774 610,732
  Saudi National Bank 40,363,548 423,186
* Saudi Arabian Mining Co. 18,642,073 326,920
  Saudi Telecom Co. 26,141,011 303,837
  Saudi Basic Industries Corp. 12,508,108 204,415
  Riyad Bank 27,151,714 150,361
* ACWA Power Co. 3,141,356 141,267
  Alinma Bank 20,398,999 132,533
  SABIC Agri-Nutrients Co. 3,260,191 126,772
  Saudi Awwal Bank 13,697,347 124,594
  Dr Sulaiman Al Habib Medical Services Group Co. 1,414,231 91,567
  Etihad Etisalat Co. 5,241,579 91,008
  Banque Saudi Fransi 16,907,371 87,199
  Almarai Co. JSC 6,773,007 74,916
  Arab National Bank 12,226,614 70,391
  Bank AlBilad 10,184,696 68,257
  Bupa Arabia for Cooperative Insurance Co. 1,070,925 52,234
  Saudi Energy Co. 10,815,524 51,295
  Elm Co. 323,114 50,599
* Umm Al Qura for Development & Construction Co. 9,701,955 42,028
  Yanbu National Petrochemical Co. 3,810,953 37,382
  Electrical Industries Co. 7,633,118 37,076
  Co. for Cooperative Insurance 1,017,508 35,418
* Dar Al Arkan Real Estate Development Co. 7,357,035 34,823
* Jabal Omar Development Co. 8,020,811 33,931
  Jarir Marketing Co. 8,097,027 32,515
57

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Riyadh Cables Group Co. 913,312 32,236
  Saudi Investment Bank 8,469,600 29,934
  Makkah Construction & Development Co. 1,346,863 28,820
  Bank Al-Jazira 8,681,724 27,229
  Ades Holding Co. 4,713,551 24,766
  SAL Saudi Logistics Services 547,652 24,103
  Saudi Tadawul Group Holding Co. 664,028 23,490
  Saudi Aramco Base Oil Co. 692,067 23,350
  Mouwasat Medical Services Co. 1,283,521 23,319
* Rabigh Refining & Petrochemical Co. 5,794,383 22,910
  Aldrees Petroleum & Transport Services Co. 680,684 21,829
  Sahara International Petrochemical Co. 4,968,810 21,301
  Dallah Healthcare Co. 640,046 21,270
* Al Rajhi Co. for Co-operative Insurance 673,446 20,004
  Arabian Internet & Communications Services Co. 336,670 19,983
* Rasan Information Technology Co. 520,000 19,611
* Mobile Telecommunications Co. Saudi Arabia 6,106,588 19,126
  Astra Industrial Group Co. 507,594 19,122
  Taiba Investments Co. 1,741,509 18,063
  Saudi Industrial Investment Group 4,599,040 17,132
* Saudi Kayan Petrochemical Co. 10,238,597 16,392
  Jamjoom Pharmaceuticals Factory Co. 376,492 15,626
  Nahdi Medical Co. 539,299 15,138
1 Arabian Centres Co. 3,156,892 14,801
* Savola Group 2,035,979 14,707
  Al Masane Al Kobra Mining Co. 633,145 13,780
  Saudi Chemical Co. Holding 5,846,850 13,113
* Advanced Petrochemical Co. 1,767,952 13,065
* flynas Co. SJSC 924,389 12,574
* National Industrialization Co. 4,414,502 12,339
  Retal Urban Development Co. Class A 3,017,255 11,958
  National Gas & Industrialization Co. 522,595 11,424
  United Electronics Co. 529,379 11,394
  Saudia Dairy & Foodstuff Co. 206,499 11,367
* Saudi Research & Media Group 540,454 11,095
  East Pipes Integrated Co. for Industry 207,968 11,008
  Saudi Ground Services Co. 1,237,656 10,493
* Seera Group Holding 1,803,740 10,311
  Catrion Catering Holding Co. 546,657 10,277
  Abdullah Al Othaim Markets Co. 6,035,817 9,892
  Yamama Cement Co. 1,385,488 9,818
  Saudi Cement Co. 1,072,513 9,753
  Al Moammar Information Systems Co. 202,500 9,697
  National Medical Care Co. 304,810 9,653
  Power & Water Utility Co. for Jubail & Yanbu 1,046,278 9,522
  National Co. for Learning & Education 285,103 8,964
* Arabian Drilling Co. 367,402 8,918
  Qassim Cement Co. 765,181 8,888
*,2 National Agriculture Development Co. 1,998,212 8,557
  Al Rajhi REIT 3,751,794 8,201
  United International Transportation Co. 733,290 8,139
* Saudi Reinsurance Co. 1,128,021 7,988
  Al Hammadi Holding 1,112,504 7,824
* Arabian Contracting Services Co. 268,920 7,813
  AlKhorayef Water & Power Technologies Co. 231,701 7,803
  Arriyadh Development Co. 1,546,092 7,464
  Dr Soliman Abdel Kader Fakeeh Hospital Co. 759,160 7,375
  Leejam Sports Co. JSC 345,646 7,356
* Saudi Real Estate Co. 1,829,445 6,739
  Almoosa Health Co. 186,513 6,677
* Emaar Economic City 2,243,579 6,628
* Saudi Pharmaceutical Industries & Medical Appliances Corp. 785,268 6,588
* Saudi Automotive Services Co. 468,574 6,370
  Etihad GO Telecom Co. 240,938 6,208
  Middle East Healthcare Co. 562,613 5,552
  Southern Province Cement Co. 976,352 5,495
  Saudi Ceramic Co. 660,144 5,438
* Jahez International Co. 1,359,180 4,941
  BinDawood Holding Co. 3,359,949 4,706
* Bawan Co. 392,374 4,583
58

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Advanced Building Industries Co. 409,848 4,338
  Al-Dawaa Medical Services Co. 344,803 4,306
  Yanbu Cement Co. 1,046,066 4,236
  Eastern Province Cement Co. 668,132 4,178
  Arabian Cement Co. 649,160 4,106
* Perfect Presentation For Commercial Services Co. 2,017,510 3,781
            5,138,935
South Africa (3.8%)
  Anglogold Ashanti plc 6,967,425 647,477
  Naspers Ltd. 10,561,021 571,878
  Gold Fields Ltd. 12,395,839 525,116
  FirstRand Ltd. 73,502,118 389,714
  Standard Bank Group Ltd. 17,934,755 345,627
  Capitec Bank Holdings Ltd. 1,177,444 305,664
  Valterra Platinum Ltd. 3,658,598 294,675
  MTN Group Ltd. 22,861,150 287,778
  Impala Platinum Holdings Ltd. 12,424,633 174,157
  Absa Group Ltd. 10,615,925 148,847
* Sasol Ltd. 8,746,540 121,573
  Harmony Gold Mining Co. Ltd. 7,590,774 119,662
  Discovery Ltd. 7,462,762 116,152
  Bid Corp. Ltd. 4,688,192 115,153
  Sibanye Stillwater Ltd. 38,420,541 114,861
  Sanlam Ltd. 22,250,056 114,597
  Shoprite Holdings Ltd. 6,542,162 110,301
  Nedbank Group Ltd. 6,153,546 98,250
  Northam Platinum Holdings Ltd. 4,900,329 94,485
  Remgro Ltd. 6,908,971 81,305
  NEPI Rockcastle NV 8,353,987 70,854
1 Pepkor Holdings Ltd. 48,403,649 63,947
  Reinet Investments SCA 1,841,781 63,423
  Bidvest Group Ltd. 4,463,536 62,724
  Vodacom Group Ltd. 6,505,506 55,267
  Old Mutual Ltd. 65,340,518 53,422
  Clicks Group Ltd. 3,177,983 50,452
  OUTsurance Group Ltd. 11,825,561 50,277
  Growthpoint Properties Ltd. 44,160,260 43,326
  Exxaro Resources Ltd. 3,264,709 43,092
  Aspen Pharmacare Holdings Ltd. 4,933,546 40,975
  Tiger Brands Ltd. 2,223,592 38,810
  Momentum Group Ltd. 16,608,421 37,748
  Woolworths Holdings Ltd. 11,319,581 35,573
  Redefine Properties Ltd. 92,009,611 35,061
  Mr. Price Group Ltd. 3,561,116 33,419
  AVI Ltd. 4,499,115 26,863
  Vukile Property Fund Ltd. 17,184,753 24,628
  Fortress Real Estate Investments Ltd. Class B 15,917,502 23,260
  Investec Ltd. 2,654,229 22,130
  Resilient REIT Ltd. 4,094,916 20,394
  African Rainbow Minerals Ltd. 1,427,544 19,114
  Foschini Group Ltd. 4,402,008 18,508
  Hyprop Investments Ltd. 5,320,472 17,903
  Netcare Ltd. 16,512,143 17,126
  DRDGOLD Ltd. 6,016,302 16,248
  Truworths International Ltd. 5,198,773 16,184
1,2 Dis-Chem Pharmacies Ltd. 7,256,710 15,859
  Life Healthcare Group Holdings Ltd. 20,164,240 15,032
  Thungela Resources Ltd. 1,691,643 14,707
2 Kumba Iron Ore Ltd. 769,889 14,440
  Telkom SA SOC Ltd. 3,962,973 14,313
  Motus Holdings Ltd. 2,016,492 13,491
  Omnia Holdings Ltd. 2,216,262 12,858
  Santam Ltd. 484,866 11,608
  DataTec Ltd. 2,653,185 11,429
  Coronation Fund Managers Ltd. 3,991,395 10,637
*,2 SPAR Group Ltd. 2,718,286 10,551
  JSE Ltd. 1,101,976 10,441
  Equites Property Fund Ltd. 10,274,428 10,431
2 Boxer Retail Ltd. 2,176,786 10,401
59

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Reunert Ltd. 2,431,356 10,179
  Grindrod Ltd. 7,536,166 10,176
* Pick n Pay Stores Ltd. 8,178,941 9,693
  AECI Ltd. 1,446,716 9,582
  Attacq Ltd. 9,418,350 9,407
2 We Buy Cars Holdings Ltd. 3,897,554 8,899
  Ninety One Ltd. 3,036,643 8,512
*,2 Sappi Ltd. 8,497,149 8,244
  Astral Foods Ltd. 536,040 7,886
* MAS plc 4,882,473 5,896
  Burstone Group Ltd. 9,067,540 5,154
* KAP Ltd. 34,065,686 4,960
  Wilson Bayly Holmes-Ovcon Ltd. 463,926 4,794
  Super Group Ltd. 4,560,389 4,369
  Sun International Ltd. 1,522,763 4,302
2 Afrimat Ltd. 1,402,605 2,737
            6,068,988
Taiwan (29.2%)
  Taiwan Semiconductor Manufacturing Co. Ltd. 336,519,605 23,361,820
  Delta Electronics Inc. 26,657,356 1,869,360
  MediaTek Inc. 20,293,630 1,694,146
  Hon Hai Precision Industry Co. Ltd. 168,377,761 1,189,592
2 ASE Technology Holding Co. Ltd. 45,287,723 709,870
2 Elite Material Co. Ltd. 3,954,156 589,188
  Unimicron Technology Corp. 18,494,425 525,304
  Accton Technology Corp. 6,844,610 501,276
  Asia Vital Components Co. Ltd. 4,474,995 409,701
  CTBC Financial Holding Co. Ltd. 243,760,062 403,185
2 Quanta Computer Inc. 36,430,200 363,241
  Chroma ATE Inc. 5,086,280 347,547
2 United Microelectronics Corp. 131,903,270 331,322
  Fubon Financial Holding Co. Ltd. 115,053,635 327,913
  Cathay Financial Holding Co. Ltd. 129,144,347 315,256
  Yuanta Financial Holding Co. Ltd. 151,585,748 251,142
2 ASPEED Technology Inc. 418,011 224,711
2 Bizlink Holding Inc. 2,466,892 221,510
  Yageo Corp. 21,469,848 218,900
2 Gold Circuit Electronics Ltd. 4,757,481 215,352
2 Wiwynn Corp. 1,428,280 214,443
2 E.Sun Financial Holding Co. Ltd. 211,655,954 213,564
2 Jentech Precision Industrial Co. Ltd. 1,164,283 202,697
  Mega Financial Holding Co. Ltd. 162,900,499 201,689
  TS Financial Holding Co. Ltd. 267,368,838 201,681
  Nan Ya Plastics Corp. 68,118,819 195,527
  MPI Corp. 1,182,000 189,786
2 Wistron Corp. 42,275,535 186,187
2 Chunghwa Telecom Co. Ltd. 42,148,663 180,974
2 Asustek Computer Inc. 9,441,937 174,940
  SinoPac Financial Holdings Co. Ltd. 174,829,915 171,309
  Global Unichip Corp. 1,146,960 158,582
  Uni-President Enterprises Corp. 67,976,868 148,894
  KGI Financial Holding Co. Ltd. 217,880,316 148,496
2 Phison Electronics Corp. 2,357,080 147,496
2 King Yuan Electronics Co. Ltd. 15,041,280 147,065
2 Alchip Technologies Ltd. 1,099,463 147,059
  Lite-On Technology Corp. 26,869,084 144,069
  First Financial Holding Co. Ltd. 149,468,727 136,519
2 Zhen Ding Technology Holding Ltd. 10,053,710 135,647
  Hua Nan Financial Holdings Co. Ltd. 128,457,312 130,325
2 Winbond Electronics Corp. 43,137,203 127,265
*,2 Macronix International Co. Ltd. 24,337,737 121,638
2 eMemory Technology Inc. 937,100 118,677
2 WinWay Technology Co. Ltd. 347,000 116,678
2 Realtek Semiconductor Corp. 6,721,959 114,760
2 Taiwan Union Technology Corp. 3,450,052 113,692
*,2 Nanya Technology Corp. 15,523,878 109,899
2 Compeq Manufacturing Co. Ltd. 13,717,760 106,970
2 Largan Precision Co. Ltd. 1,321,076 106,080
  Taiwan Cooperative Financial Holding Co. Ltd. 145,319,342 105,431
60

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 King Slide Works Co. Ltd. 786,000 99,719
2 Lotes Co. Ltd. 1,153,151 97,059
2 Evergreen Marine Corp. Taiwan Ltd. 14,983,958 95,855
  Nan Ya Printed Circuit Board Corp. 2,933,521 95,012
2 Formosa Plastics Corp. 58,148,057 94,951
2 China Steel Corp. 154,015,308 91,449
  Airtac International Group 1,932,830 90,244
2 LandMark Optoelectronics Corp. 1,035,470 89,820
2 Tripod Technology Corp. 6,169,040 88,879
  Win Semiconductors Corp. 4,754,519 82,332
2 PharmaEssentia Corp. 3,908,671 81,774
2 WT Microelectronics Co. Ltd. 12,137,205 78,861
2 Innolux Corp. 101,840,295 77,812
  United Microelectronics Corp. ADR 5,945,714 77,651
2 Formosa Chemicals & Fibre Corp. 46,479,449 77,350
*,2 Powerchip Semiconductor Manufacturing Corp. 44,595,000 75,606
2 Kinsus Interconnect Technology Corp. 4,447,124 75,550
2 Chailease Holding Co. Ltd. 20,553,762 75,329
2 Novatek Microelectronics Corp. 5,739,560 74,550
2 International Games System Co. Ltd. 3,081,200 73,237
  Far EasTone Telecommunications Co. Ltd. 24,387,723 72,733
  TCC Group Holdings Co. Ltd. 93,500,717 72,544
2 Advantech Co. Ltd. 6,319,694 72,269
  Pegatron Corp. 26,537,213 69,428
2 United Integrated Services Co. Ltd. 2,255,800 68,821
2 Taiwan Mobile Co. Ltd. 19,428,941 68,409
  Chang Hwa Commercial Bank Ltd. 101,694,385 67,978
2 Globalwafers Co. Ltd. 3,538,810 66,497
2 Vanguard International Semiconductor Corp. 14,301,431 66,462
  WPG Holdings Ltd. 20,337,720 65,168
2 Gigabyte Technology Co. Ltd. 7,450,850 64,880
2 Shanghai Commercial & Savings Bank Ltd. 52,524,935 64,807
2 Powertech Technology Inc. 9,538,550 62,558
2 Silergy Corp. 4,567,560 62,511
2 Hotai Motor Co. Ltd. 3,855,357 58,204
2 Fortune Electric Co. Ltd. 1,990,027 56,669
2 ADATA Technology Co. Ltd. 3,926,319 56,093
2 Compal Electronics Inc. 58,356,900 53,949
2 Inventec Corp. 35,474,966 51,972
2 President Chain Store Corp. 7,311,449 51,680
  Taiwan Business Bank 97,342,683 50,397
2 E Ink Holdings Inc. 11,092,440 48,810
2 Fositek Corp. 716,372 48,063
  L&K Engineering Co. Ltd. 2,222,102 47,932
2 EZconn Corp. 702,582 47,883
  Chunghwa Telecom Co. Ltd. ADR 1,077,661 46,706
*,2 Caliway Biopharmaceuticals Co. Ltd. 13,635,000 45,236
2 Innodisk Corp. 1,113,544 45,131
2 AUO Corp. 81,406,039 44,765
  Synnex Technology International Corp. 16,911,800 44,333
2 Chipbond Technology Corp. 8,367,630 43,616
2 Catcher Technology Co. Ltd. 6,553,956 43,169
  Kaori Heat Treatment Co. Ltd. 1,050,450 42,942
  Hiwin Technologies Corp. 4,114,308 41,233
  Syntec Technology Co. Ltd. 505,411 41,043
2 Walsin Lihwa Corp. 42,499,044 40,736
2 Universal Microwave Technology Inc. 815,000 40,550
2 Eva Airways Corp. 37,480,760 39,694
2 Wan Hai Lines Ltd. 16,588,646 39,077
2 Teco Electric & Machinery Co. Ltd. 19,321,320 38,886
  All Ring Tech Co. Ltd. 1,013,000 38,809
  AP Memory Technology Corp. 1,433,120 38,590
2 Yang Ming Marine Transport Corp. 24,116,725 37,574
2 Co-Tech Development Corp. 2,948,000 37,535
2 Acter Group Corp. Ltd. 1,393,832 37,259
2 Ardentec Corp. 5,906,522 37,082
2 Asia Cement Corp. 32,633,510 36,186
2 Solar Applied Materials Technology Corp. 6,656,607 35,350
2 Acer Inc. 39,776,897 34,974
2 Sigurd Microelectronics Corp. 6,029,546 34,789
61

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Far Eastern New Century Corp. 41,739,963 34,073
2 LuxNet Corp. 1,700,000 33,792
2 WNC Corp. 4,870,526 33,532
2 TA Chen Stainless Pipe 27,800,894 33,264
2 AURAS Technology Co. Ltd. 894,000 33,013
  Taichung Commercial Bank Co. Ltd. 52,455,756 32,891
2 Chenbro Micom Co. Ltd. 900,000 32,710
2 Sino-American Silicon Products Inc. 7,543,742 32,663
2 Mitac Holdings Corp. 12,294,191 32,220
2 Chicony Electronics Co. Ltd. 7,979,458 31,420
  Advanced Echem Materials Co. Ltd. 965,174 30,718
2 Chunghwa Precision Test Tech Co. Ltd. 273,153 30,584
2 Topco Scientific Co. Ltd. 2,318,992 30,102
*,2 Taiwan Glass Industry Corp. 13,584,290 29,387
2 Formosa Petrochemical Corp. 16,443,977 29,383
2 Micro-Star International Co. Ltd. 9,359,200 29,067
2 Eternal Materials Co. Ltd. 11,267,298 28,372
2 Visual Photonics Epitaxy Co. Ltd. 2,497,960 27,829
2 Sinbon Electronics Co. Ltd. 3,073,475 27,673
2 Eclat Textile Co. Ltd. 2,591,209 27,529
2 Grand Process Technology Corp. 286,000 27,414
*,2 FOCI Fiber Optic Communications Inc. 1,091,408 27,184
2 ITEQ Corp. 3,060,357 26,579
2 Simplo Technology Co. Ltd. 2,323,310 26,375
2 VisEra Technologies Co. Ltd. 1,381,000 25,873
  Cheng Shin Rubber Industry Co. Ltd. 25,916,095 25,645
2 Nien Made Enterprise Co. Ltd. 2,290,560 25,634
2 Chung-Hsin Electric & Machinery Manufacturing Corp. 5,431,000 25,621
  Kinik Co. 1,463,000 25,500
2 Pou Chen Corp. 31,146,021 25,467
*,2 GCS Holdings Inc. 1,100,000 24,166
2 Highwealth Construction Corp. 19,003,997 24,113
2 C Sun Manufacturing Ltd. 1,225,910 23,957
  Voltronic Power Technology Corp. 935,325 23,242
2 Taiwan High Speed Rail Corp. 27,704,912 23,181
*,2 Fulltech Fiber Glass Corp. 6,496,772 22,992
2 ASMedia Technology Inc. 512,857 22,565
2 Dynapack International Technology Corp. 1,918,000 22,388
2 Foxconn Technology Co. Ltd. 13,455,663 22,306
2 Test Research Inc. 2,022,660 22,192
  I-Chiun Precision Industry Co. Ltd. 2,542,000 22,007
2 Topoint Technology Co. Ltd. 1,642,000 21,415
2 Transcend Information Inc. 2,607,069 21,202
2 Shihlin Electric & Engineering Corp. 3,506,964 21,197
2 Makalot Industrial Co. Ltd. 3,147,244 21,190
2 Capital Securities Corp. 22,414,773 19,985
2 Radiant Opto-Electronics Corp. 6,268,751 19,847
2 Dynamic Holding Co. Ltd. 3,452,813 19,510
  Ennostar Inc. 8,035,726 18,954
2 Parade Technologies Ltd. 1,018,290 18,807
2 Genius Electronic Optical Co. Ltd. 1,141,299 18,541
2 Taiwan Surface Mounting Technology Corp. 3,388,110 18,159
2 Elite Advanced Laser Corp. 1,819,349 17,807
2 Elite Semiconductor Microelectronics Technology Inc. 3,232,000 17,800
2 Supreme Electronics Co. Ltd. 6,710,991 17,634
  TXC Corp. 3,564,630 17,326
  ChipMOS Technologies Inc. 7,666,148 17,231
  Lien Hwa Industrial Holdings Corp. 13,169,756 17,211
  Mega Union Technology Inc. 591,896 17,081
  IBF Financial Holdings Co. Ltd. 37,080,285 17,003
2 Getac Holdings Corp. 5,429,420 16,825
2 Longwell Co. 1,819,000 16,807
2 Faraday Technology Corp. 3,084,198 16,653
  Walsin Technology Corp. 3,925,521 16,619
2 Phoenix Silicon International Corp. 2,084,495 16,521
  Scientech Corp. 635,000 16,189
2 Yankey Engineering Co. Ltd. 801,430 16,148
  Ruentex Development Co. Ltd. 21,477,300 16,068
  Marketech International Corp. 1,315,000 16,066
2 Elan Microelectronics Corp. 3,652,870 15,853
62

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Unitech Printed Circuit Board Corp. 8,472,970 15,720
  Poya International Co. Ltd. 833,208 15,090
2 Advanced Energy Solution Holding Co. Ltd. 420,000 15,050
2 Tatung Co. Ltd. 15,622,628 14,986
  President Securities Corp. 13,166,265 14,915
2 Shin Zu Shing Co. Ltd. 2,258,011 14,877
2 Machvision Inc. 529,136 14,847
2 Huaku Development Co. Ltd. 3,601,921 14,347
2 Primax Electronics Ltd. 6,155,940 14,306
2 Gudeng Precision Industrial Co. Ltd. 821,487 14,226
2 Sunonwealth Electric Machine Industry Co. Ltd. 3,006,581 13,930
  Great Wall Enterprise Co. Ltd. 8,233,626 13,893
2 AcBel Polytech Inc. 9,087,079 13,833
2 China Airlines Ltd. 24,401,146 13,830
2 Kinpo Electronics 15,580,670 13,772
2 Feng TAY Enterprise Co. Ltd. 6,130,867 13,656
2 First Hi-Tec Enterprise Co. Ltd. 1,086,000 13,531
2 Tong Hsing Electronic Industries Ltd. 2,418,919 13,357
2 Tung Ho Steel Enterprise Corp. 6,471,602 13,338
  Far Eastern International Bank 34,332,425 13,312
2 Taiwan Fertilizer Co. Ltd. 8,282,186 13,306
2 Pan Jit International Inc. 4,090,740 13,235
2 Asia Optical Co. Inc. 2,943,260 13,133
2 Lotus Pharmaceutical Co. Ltd. 1,866,000 13,092
2 XinTec Inc. 1,996,225 12,930
2 Ennoconn Corp. 1,241,758 12,755
2 Wisdom Marine Lines Co. Ltd. 5,527,155 12,538
2 Nuvoton Technology Corp. 2,643,000 12,512
2 Taiwan Hon Chuan Enterprise Co. Ltd. 3,534,523 12,497
2 Global Brands Manufacture Ltd. 3,920,332 12,475
2 Pixart Imaging Inc. 1,838,680 12,282
  Qisda Corp. 16,074,128 12,259
2 Foxsemicon Integrated Technology Inc. 1,226,642 12,192
2 Ruentex Industries Ltd. 8,606,961 12,169
2 Goldsun Building Materials Co. Ltd. 10,878,415 12,124
2 Tong Yang Industry Co. Ltd. 5,092,350 12,111
  Shinkong Insurance Co. Ltd. 2,862,000 12,015
2 Holy Stone Enterprise Co. Ltd. 1,746,262 11,964
2 Bora Pharmaceuticals Co. Ltd. 918,949 11,950
*,2 HTC Corp. 9,320,301 11,945
2 Fusheng Precision Co. Ltd. 1,458,920 11,621
  Taiwan Secom Co. Ltd. 3,238,876 11,567
2 Sanyang Motor Co. Ltd. 6,492,330 11,391
2 U-Ming Marine Transport Corp. 5,849,108 11,232
2 Feng Hsin Steel Co. Ltd. 5,813,200 11,184
2 Taiflex Scientific Co. Ltd. 2,552,594 11,146
2 Sitronix Technology Corp. 1,494,070 10,956
*,2 China Petrochemical Development Corp. 46,534,041 10,947
*,2 Starlux Airlines Co. Ltd. 16,973,271 10,855
2 Taiwan Speciality Chemicals Corp. 1,088,000 10,839
  Everlight Electronics Co. Ltd. 4,659,410 10,506
2 YFY Inc. 13,975,703 10,438
*,2 HERON NEUTRON MEDICAL Corp. 890,000 10,414
2 CTCI Corp. 8,878,850 10,350
2 Allis Electric Co. Ltd. 2,937,480 10,285
2 Wiselink Co. Ltd. 3,589,868 10,264
2 Wah Lee Industrial Corp. 2,420,194 10,214
  Greatek Electronics Inc. 3,805,000 10,208
2 Charoen Pokphand Enterprise 2,324,343 10,176
2 Arcadyan Technology Corp. 2,000,219 10,128
2 Everlight Chemical Industrial Corp. 5,532,200 10,085
* Mercuries Life Insurance Co. Ltd. 40,860,155 9,954
2 Jinan Acetate Chemical Co. Ltd. 7,367,060 9,914
2 Ta Ya Electric Wire & Cable 9,526,255 9,764
2 Center Laboratories Inc. 7,786,090 9,684
* United Renewable Energy Co. Ltd. 19,094,629 9,665
2 AmTRAN Technology Co. Ltd. 7,263,092 9,651
*,2 Wafer Works Corp. 7,400,744 9,547
2 Giant Manufacturing Co. Ltd. 4,412,193 9,442
2 Orient Semiconductor Electronics Ltd. 5,284,792 9,322
63

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 SDI Corp. 1,883,236 9,193
2 Cleanaway Co. Ltd. 10,449,000 9,165
  TPK Holding Co. Ltd. 4,747,288 9,148
2 Daxin Materials Corp. 642,855 9,145
2 Silicon Integrated Systems Corp. 5,502,260 9,123
*,2 Etron Technology Inc. 3,984,140 9,028
2 Via Technologies Inc. 3,554,620 8,923
2 Taiwan Acceptance Corp. 3,608,309 8,814
2 Hannstar Board Corp. 3,319,470 8,792
2 Merry Electronics Co. Ltd. 3,161,858 8,670
2 Airoha Technology Corp. 490,000 8,595
2 Pan-International Industrial Corp. 5,414,000 8,588
  Taiwan Cogeneration Corp. 6,116,192 8,575
2 Ability Enterprise Co. Ltd. 3,416,992 8,569
2 Sercomm Corp. 3,504,600 8,518
2 Advanced Wireless Semiconductor Co. 1,841,266 8,514
2 Nan Pao Resins Chemical Co. Ltd. 738,000 8,404
*,2 FLEXium Interconnect Inc. 3,954,990 8,302
2 ITE Technology Inc. 2,064,000 8,159
2 Union Bank of Taiwan 12,802,320 8,094
2 Systex Corp. 2,107,000 8,055
*,2 TSEC Corp. 6,962,908 7,897
*,2 Thunder Tiger Corp. 1,720,000 7,848
2 Shinkong Synthetic Fibers Corp. 14,654,400 7,838
2 Chin-Poon Industrial Co. Ltd. 4,787,890 7,832
2 Farglory Land Development Co. Ltd. 3,589,550 7,809
  Shiny Chemical Industrial Co. Ltd. 1,469,200 7,807
2 Coretronic Corp. 3,581,900 7,614
2 Century Iron & Steel Industrial Co. Ltd. 2,355,000 7,564
*,2 Oneness Biotech Co. Ltd. 4,455,424 7,538
2 Global Mixed Mode Technology Inc. 935,000 7,484
2 Weikeng Industrial Co. Ltd. 6,551,000 7,448
2 Evergreen Aviation Technologies Corp. 1,514,000 7,382
  Materials Analysis Technology Inc. 694,003 7,329
2 Standard Foods Corp. 7,950,603 7,272
*,2 General Interface Solution GIS Holding Ltd. 2,971,070 7,246
*,2 Episil Technologies Inc. 3,397,189 7,244
2 G Shank Enterprise Co. Ltd. 1,924,000 7,231
2 EVERGREEN Steel Corp. 2,313,000 7,151
2 Sporton International Inc. 1,004,062 7,063
2 JPC connectivity Inc. 1,065,750 7,056
2 Ichia Technologies Inc. 3,099,000 7,018
*,2 BES Engineering Corp. 16,642,662 6,891
2 TTY Biopharm Co. Ltd. 2,917,160 6,847
  Wowprime Corp. 950,689 6,821
2 Nichidenbo Corp. 2,220,460 6,818
*,2 HannStar Display Corp. 26,314,193 6,809
2 Chang Wah Electromaterials Inc. 4,438,000 6,775
  Gloria Material Technology Corp. 6,590,640 6,726
2 WUS Printed Circuit Co. Ltd. 1,852,156 6,721
2 Quanta Storage Inc. 2,505,000 6,703
  Far Eastern Department Stores Ltd. 9,533,878 6,698
2 Yulon Motor Co. Ltd. 7,777,580 6,682
*,2 Chung Hung Steel Corp. 11,665,000 6,522
* CSBC Corp. Taiwan 10,170,197 6,404
2 Ruentex Engineering & Construction Co. 1,284,000 6,362
2 Stark Technology Inc. 1,380,000 6,247
  O-Bank Co. Ltd. 19,306,453 6,157
*,2 Intelligo Technology Inc. 450,000 6,116
2 Raydium Semiconductor Corp. 819,000 6,115
2 momo.com Inc. 1,132,112 6,113
2 Fitipower Integrated Technology Inc. 1,258,043 6,097
2 M31 Technology Corp. 342,901 6,072
  Chong Hong Development Co. Ltd. 2,447,469 6,030
2 Gemtek Technology Corp. 5,496,000 6,014
2 Weltrend Semiconductor 2,559,567 5,931
2 Solomon Technology Corp. 1,541,871 5,892
  Sinon Corp. 4,405,000 5,873
2 Nan Kang Rubber Tire Co. Ltd. 5,537,520 5,860
2 Chang Wah Technology Co. Ltd. 3,501,500 5,808
64

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Chenming Electronic Technology Corp. 1,716,929 5,763
  Tainan Spinning Co. Ltd. 14,328,000 5,738
2 Taiwan Semiconductor Co. Ltd. 2,825,290 5,729
2 Tyntek Corp. 3,105,000 5,728
* Lumosa Therapeutics Co. Ltd. 1,187,161 5,721
  Synmosa Biopharma Corp. 5,847,050 5,707
2 China Motor Corp. 3,282,844 5,638
2 Cheng Loong Corp. 10,071,230 5,606
2 Sakura Development Co. Ltd. 4,302,432 5,568
2 Zero One Technology Co. Ltd. 1,665,209 5,405
  Grape King Bio Ltd. 1,516,529 5,391
2 Anpec Electronics Corp. 708,000 5,360
*,2 Taiwan-Asia Semiconductor Corp. 4,410,987 5,332
2 Clevo Co. 4,372,000 5,328
  Cathay Real Estate Development Co. Ltd. 7,149,984 5,260
2 Brighton-Best International Taiwan Inc. 4,935,526 5,249
2 Cheng Uei Precision Industry Co. Ltd. 4,374,673 5,180
*,2 Medigen Vaccine Biologics Corp. 3,312,930 5,159
2 Thinking Electronic Industrial Co. Ltd. 923,000 5,155
*,2 Chun Yuan Steel Industry Co. Ltd. 6,561,000 5,136
*,2 Hota Industrial Manufacturing Co. Ltd. 3,103,178 5,113
2 Merida Industry Co. Ltd. 2,771,526 5,103
2 Ton Yi Industrial Corp. 9,135,000 5,069
2 Formosa Sumco Technology Corp. 833,000 5,069
  Formosa Taffeta Co. Ltd. 9,829,632 4,960
2 Hotai Finance Co. Ltd. 2,566,080 4,952
  Universal Cement Corp. 5,502,140 4,949
*,2 Grand Pacific Petrochemical 12,740,088 4,947
2 Promate Electronic Co. Ltd. 3,252,136 4,946
  Evergreen International Storage & Transport Corp. 3,271,500 4,935
* RDC Semiconductor Co. Ltd. 773,280 4,917
*,2 Sunplus Technology Co. Ltd. 6,340,000 4,888
2 Depo Auto Parts Ind Co. Ltd. 1,227,000 4,861
2 Chicony Power Technology Co. Ltd. 1,876,000 4,821
2 China Steel Chemical Corp. 1,936,000 4,788
  Pegavision Corp. 538,314 4,782
2 Altek Corp. 3,703,969 4,777
2 Channel Well Technology Co. Ltd. 2,675,672 4,749
*,2 Fittech Co. Ltd. 974,753 4,739
2 Taiwan Paiho Ltd. 3,355,140 4,708
2 Fulgent Sun International Holding Co. Ltd. 1,906,410 4,698
2 Syncmold Enterprise Corp. 1,655,500 4,687
*,2 Andes Technology Corp. 635,000 4,646
2 Taiwan Sakura Corp. 1,765,000 4,644
2 ASROCK Inc. 613,000 4,642
2 Kuo Toong International Co. Ltd. 2,890,514 4,628
*,2 Apex International Co. Ltd. 2,754,664 4,621
2 Run Long Construction Co. Ltd. 5,029,751 4,568
  TSRC Corp. 7,272,940 4,529
2 Kenmec Mechanical Engineering Co. Ltd. 2,535,868 4,523
2 Kenda Rubber Industrial Co. Ltd. 8,165,288 4,460
2 Kindom Development Co. Ltd. 4,746,060 4,424
2 Flytech Technology Co. Ltd. 1,276,650 4,397
2 FocalTech Systems Co. Ltd. 2,740,482 4,393
*,2 Yieh Phui Enterprise Co. Ltd. 9,874,825 4,363
2 Motech Industries Inc. 4,986,897 4,351
2 TCI Co. Ltd. 1,155,549 4,349
2 UPI Semiconductor Corp. 799,000 4,345
2 Sincere Navigation Corp. 3,912,240 4,315
*,2 Taiwan Mask Corp. 2,847,746 4,269
*,2 Holtek Semiconductor Inc. 2,478,483 4,265
  China Bills Finance Corp. 7,987,000 4,237
2 RichWave Technology Corp. 1,133,736 4,213
  CMC Magnetics Corp. 12,978,313 4,193
2 Lian HWA Food Corp. 1,519,700 4,176
2 Lingsen Precision Industries Ltd. 4,382,000 4,163
2 USI Corp. 9,152,861 4,160
2 Johnson Health Tech Co. Ltd. 1,072,000 4,157
2 Allied Supreme Corp. 581,000 4,138
2 Formosa International Hotels Corp. 776,000 4,133
65

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  YungShin Global Holding Corp. 2,336,536 4,098
*,2 Gigastorage Corp. 4,188,259 4,094
*,2 Egis Technology Inc. 1,034,100 4,056
  Taiwan PCB Techvest Co. Ltd. 3,496,000 4,028
2 Posiflex Technology Inc. 680,764 3,994
  Topkey Corp. 843,000 3,987
2 Dimerco Express Corp. 1,611,884 3,974
2 Hu Lane Associate Inc. 1,160,519 3,956
2 CyberPower Systems Inc. 660,000 3,930
2 Zyxel Group Corp. 3,487,819 3,902
2 JSL Construction & Development Co. Ltd. 2,262,955 3,886
2 Ability Opto-Electronics Technology Co. Ltd. 1,120,103 3,864
*,2 TaiMed Biologics Inc. 2,457,929 3,846
2 Chief Telecom Inc. 352,800 3,830
2 Swancor Holding Co. Ltd. 1,015,000 3,782
2 ZillTek Technology Corp. 412,000 3,780
  Bank of Kaohsiung Co. Ltd. 9,906,492 3,710
2 Forcecon Tech Co. Ltd. 1,217,546 3,672
2 Genesys Logic Inc. 1,150,000 3,662
*,2 China Man-Made Fiber Corp. 17,257,176 3,587
* Ritek Corp. 8,975,489 3,550
2 Hsin Kuang Steel Co. Ltd. 2,746,000 3,523
*,2 International CSRC Investment Holdings Co. 10,293,270 3,502
*,2 HD Renewable Energy Co. Ltd. 1,221,746 3,480
2 UPC Technology Corp. 9,686,041 3,405
*,2 EirGenix Inc. 2,364,868 3,381
2 IEI Integration Corp. 1,528,920 3,355
*,2 CyberTAN Technology Inc. 4,199,000 3,345
2 Kaimei Electronic Corp. 1,206,000 3,293
  Continental Holdings Corp. 4,985,000 3,267
*,2 Phihong Technology Co. Ltd. 4,265,706 3,261
2 D-Link Corp. 7,365,400 3,261
*,2 Career Technology MFG. Co. Ltd. 5,669,324 3,260
2 Actron Technology Corp. 747,479 3,254
  Kung Long Batteries Industrial Co. Ltd. 832,333 3,236
2 Advanced Ceramic X Corp. 587,105 3,213
2 YC INOX Co. Ltd. 4,747,902 3,202
2 Cub Elecparts Inc. 823,735 3,154
2 Alpha Networks Inc. 2,904,772 3,114
2 TA-I Technology Co. Ltd. 1,422,165 3,101
  Nantex Industry Co. Ltd. 3,578,000 3,028
2 Delpha Construction Co. Ltd. 4,583,000 3,022
2 Lai Yih Footwear Co. Ltd. 603,000 3,002
2 T3EX Global Holdings Corp. 1,394,000 2,952
2 Infortrend Technology Inc. 2,295,000 2,945
* Foresee Pharmaceuticals Co. Ltd. 1,152,799 2,921
2 Adlink Technology Inc. 1,208,895 2,884
2 TaiDoc Technology Corp. 723,000 2,863
2 Firich Enterprises Co. Ltd. 4,006,184 2,845
*,2 Tong-Tai Machine & Tool Co. Ltd. 2,414,000 2,835
2 Sampo Corp. 3,919,800 2,833
2 Ho Tung Chemical Corp. 9,501,459 2,829
*,2 Oriental Union Chemical Corp. 6,813,582 2,805
2 Sonix Technology Co. Ltd. 2,099,000 2,803
2 Advanced International Multitech Co. Ltd. 1,497,000 2,793
2 Asia Polymer Corp. 5,856,340 2,787
2 Great Tree Pharmacy Co. Ltd. 1,137,414 2,787
2 Rechi Precision Co. Ltd. 3,808,000 2,761
* Longchen Paper & Packaging Co. Ltd. 9,186,632 2,631
2 Hung Sheng Construction Ltd. 4,334,464 2,610
2 Elitegroup Computer Systems Co. Ltd. 3,946,000 2,591
*,2 Microbio Co. Ltd. 5,195,803 2,550
2 Amazing Microelectronic Corp. 1,028,244 2,541
2 Waffer Technology Corp. 1,835,773 2,538
2 Advancetek Enterprise Co. Ltd. 3,006,000 2,502
  Ambassador Hotel 1,890,000 2,500
  Xxentria Technology Materials Corp. 1,840,069 2,481
2 Gourmet Master Co. Ltd. 1,230,469 2,477
2 Universal Vision Biotechnology Co. Ltd. 567,970 2,460
2 FSP Technology Inc. 1,548,120 2,441
66

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 China General Plastics Corp. 5,159,926 2,427
  Sunny Friend Environmental Technology Co. Ltd. 1,007,497 2,385
*,2 Adimmune Corp. 4,226,825 2,369
2 Radium Life Tech Co. Ltd. 7,147,465 2,345
*,2 Lung Yen Life Service Corp. 1,663,000 2,323
2 Darfon Electronics Corp. 2,609,000 2,211
*,2 Taiwan TEA Corp. 6,190,000 2,209
  Mercuries & Associates Holding Ltd. 5,074,282 2,203
  Zeng Hsing Industrial Co. Ltd. 746,778 2,177
2 TYC Brother Industrial Co. Ltd. 2,186,000 2,152
2 Speed Tech Corp. 1,843,628 2,136
2 St. Shine Optical Co. Ltd. 648,000 2,133
2 Rich Development Co. Ltd. 9,138,640 2,122
2 PharmaEngine Inc. 1,207,457 2,103
  Chlitina Holding Ltd. 621,013 2,092
2 China Metal Products 3,132,000 2,067
  Chia Hsin Cement Corp. 4,825,400 2,052
  Bioteque Corp. 559,475 2,042
*,2 Chung Hwa Pulp Corp. 4,914,000 2,021
  Formosan Rubber Group Inc. 2,415,821 2,006
*,2 Federal Corp. 3,370,040 2,005
2 Namchow Holdings Co. Ltd. 1,739,000 1,930
* Polaris Group 3,470,533 1,918
2 Brogent Technologies Inc. 633,619 1,882
2 Savior Lifetec Corp. 3,137,325 1,880
2 Darwin Precisions Corp. 4,554,110 1,857
2 91APP Inc. 887,243 1,842
2 ScinoPharm Taiwan Ltd. 2,822,576 1,814
2 Huang Hsiang Construction Corp. 1,510,360 1,790
2 Soft-World International Corp. 576,653 1,776
2 Gamania Digital Entertainment Co. Ltd. 1,401,916 1,754
*,2 Taiwan Styrene Monomer 5,673,050 1,701
  Panion & BF Biotech Inc. 785,579 1,695
2 KMC Kuei Meng International Inc. 660,000 1,689
2 Taiyen Biotech Co. Ltd. 1,664,000 1,672
*,2 Sensortek Technology Corp. 336,000 1,615
2 AGV Products Corp. 5,093,370 1,594
2 Tung Thih Electronic Co. Ltd. 893,424 1,565
2 Sinyi Realty Inc. 2,454,000 1,552
2 CHC Healthcare Group 1,672,899 1,543
* Medigen Biotechnology Corp. 1,470,000 1,534
2 Yungshin Construction & Development Co. Ltd. 1,002,931 1,525
  Wei Chuan Foods Corp. 3,839,261 1,517
2 China Electric Manufacturing Corp. 3,986,180 1,513
2 Cyberlink Corp. 704,674 1,466
* Lealea Enterprise Co. Ltd. 7,551,367 1,460
  KEE TAI Properties Co. Ltd. 4,715,850 1,455
* First Steamship Co. Ltd. 9,150,968 1,452
2 Hong Pu Real Estate Development Co. Ltd. 2,118,000 1,442
*,2 Kuo Yang Construction Co. Ltd. 2,530,900 1,419
2 Iron Force Industrial Co. Ltd. 510,020 1,416
2 Basso Industry Corp. 1,287,000 1,322
2 Ultra Chip Inc. 852,000 1,302
* Shining Building Business Co. Ltd. 4,715,638 1,236
* OBI Pharma Inc. 1,193,240 1,207
2 Shinfox Energy Co. Ltd. 1,648,973 1,189
  Cenra Inc. 1,184,500 1,186
2 Rexon Industrial Corp. Ltd. 1,505,525 1,048
*,2 PChome Online Inc. 1,386,358 998
  AUO Corp. ADR 67,176 308
* Li Peng Enterprise Co. Ltd. 1,069,000 169
  ASE Technology Holding Co. Ltd. ADR 3,879 122
*,3 Taiwan Land Development Corp. 573,970 —
*,3 Pharmally International Holding Co. Ltd. 612,856 —
            46,692,527
Thailand (1.6%)
  Delta Electronics Thailand PCL (Foreign) 39,641,000 388,325
  PTT PCL (Foreign) 169,653,415 183,535
  Advanced Info Service PCL (Foreign) 14,774,706 154,313
67

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Kasikornbank PCL (Foreign) 20,684,735 123,145
  Gulf Development PCL (Foreign) 61,382,345 108,791
  CP ALL PCL (Foreign) 74,349,121 99,423
  SCB X PCL (Foreign) 22,523,490 90,599
  PTT Exploration & Production PCL (Foreign) 18,113,884 86,002
  Airports of Thailand PCL (Foreign) 51,876,044 81,997
  Bangkok Dusit Medical Services PCL (Foreign) 142,049,520 79,775
  Central Pattana PCL (Foreign) 34,376,524 65,732
  Krung Thai Bank PCL (Foreign) 62,980,296 63,802
2 Bumrungrad Hospital PCL (Foreign) 7,947,274 44,037
  True Corp. PCL (Foreign) 102,755,723 43,238
2 TMBThanachart Bank PCL (Foreign) 521,656,800 36,222
2 Siam Cement PCL NVDR 4,873,596 36,011
2 PTT Global Chemical PCL (Foreign) 29,517,179 35,885
  Siam Cement PCL (Foreign) 4,512,388 33,342
  Minor International PCL (Foreign) 50,730,721 32,289
2 Charoen Pokphand Foods PCL (Foreign) 47,543,317 28,197
2 True Corp. PCL NVDR 65,980,501 27,763
2 Bangkok Bank PCL NVDR 5,490,100 27,392
  Digital Telecommunications Infrastructure Fund 72,485,513 22,462
  Thai Oil PCL (Foreign) 15,067,006 22,280
2 Kasikornbank PCL NVDR 3,692,375 21,982
  Central Retail Corp. PCL (Foreign) 37,306,700 21,036
2 Indorama Ventures PCL (Foreign) 25,465,335 20,167
  Krung Thai Bank PCL NVDR 19,542,000 19,797
  Banpu PCL (Foreign) 105,454,173 19,117
  Kiatnakin Phatra Bank PCL (Foreign) 7,869,470 19,093
  Tisco Financial Group PCL (Foreign) 5,056,868 16,989
  Thanachart Capital PCL (Foreign) 9,050,956 15,555
  WHA Corp. PCL (Foreign) 105,573,806 14,559
  Krungthai Card PCL (Foreign) 15,386,931 13,827
2 PTT Oil & Retail Business PCL (Foreign) 34,636,500 13,118
2 Home Product Center PCL (Foreign) 70,059,884 13,068
  Bangchak Corp. PCL (Foreign) 11,862,166 13,026
2 Bangkok Expressway & Metro PCL (Foreign) 77,708,622 12,667
  Thai Union Group PCL (Foreign) 35,441,679 12,527
  Bangkok Bank PCL (Foreign) 2,465,641 12,302
  3BB Internet Infrastructure Fund 55,340,437 11,736
2 Thaifoods Group PCL (Foreign) 38,193,975 11,711
  SCG Packaging PCL (Foreign) 13,907,100 10,722
2 KCE Electronics PCL (Foreign) 11,032,614 10,648
  Tisco Financial Group PCL NVDR 3,157,493 10,608
  TIDLOR Holdings PCL (Foreign) 19,544,758 10,234
  Com7 PCL (Foreign) 14,149,600 9,937
2 CP Axtra PCL (Foreign) 21,861,001 9,896
  CPN Retail Growth Leasehold REIT 26,171,526 9,788
2 Srisawad Corp. PCL (Foreign) 13,382,916 9,596
  Global Power Synergy PCL (Foreign) 8,681,040 9,306
  Electricity Generating PCL (Foreign) 2,628,011 9,102
2 Hana Microelectronics PCL (Foreign) 8,814,083 8,999
  AP Thailand PCL (Foreign) 33,482,142 8,858
  Thai Life Insurance PCL (Foreign) 26,679,900 8,622
2 IRPC PCL (Foreign) 131,877,214 8,613
  Osotspa PCL (Foreign) 18,744,200 8,588
2 Muangthai Capital PCL (Foreign) 9,218,245 8,373
  WHA Premium Growth Freehold & Leasehold REIT 24,350,427 8,146
2 Sansiri PCL (Foreign) 188,756,206 8,123
  Cal-Comp Electronics Thailand PCL (Foreign) 41,235,400 7,749
2 CH Karnchang PCL (Foreign) 14,244,763 7,428
* BTS Group Holdings PCL (Foreign) 112,891,120 7,223
2 Ratch Group PCL NVDR 8,059,802 7,183
2 Central Plaza Hotel PCL (Foreign) 7,478,213 7,128
2 Land & Houses PCL NVDR 64,440,780 7,127
2 Supalai PCL (Foreign) 14,121,085 7,029
  Asset World Corp. PCL (Foreign) 105,267,900 6,814
2 Amata Corp. PCL (Foreign) 9,603,723 6,094
  Thailand Future Fund 30,177,300 6,056
  Betagro PCL (Foreign) 8,563,100 5,914
2 Sri Trang Agro-Industry PCL (Foreign) 10,680,661 5,836
*,2 Energy Absolute PCL (Foreign) 66,108,792 5,383
68

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
2 Carabao Group PCL (Foreign) 4,737,605 5,283
  MBK PCL (Foreign) 10,039,737 5,248
*,2 Bangkok Commercial Asset Management PCL (Foreign) 22,698,300 5,166
2 Land & Houses PCL (Foreign) 44,055,500 4,873
  TTW PCL (Foreign) 17,136,034 4,861
  Mega Lifesciences PCL (Foreign) 4,420,100 4,856
  Star Petroleum Refining PCL (Foreign) 21,403,468 4,838
  Quality Houses PCL (Foreign) 116,324,851 4,826
  Ratch Group PCL (Foreign) 5,257,656 4,686
2 Siam Global House PCL (Foreign) 22,634,992 4,639
  Bangkok Life Assurance PCL NVDR 7,356,900 4,498
  Berli Jucker PCL (Foreign) 10,336,090 4,481
  Bangkok Dusit Medical Services PCL NVDR 7,849,700 4,408
2 Stecon Group PCL (Foreign) 11,881,763 4,388
  Bangkok Airways PCL (Foreign) 10,524,424 4,367
  Gunkul Engineering PCL (Foreign) 46,408,666 4,170
2 Sri Trang Gloves Thailand PCL (Foreign) 13,212,600 4,168
2 Bangkok Chain Hospital PCL (Foreign) 14,101,545 4,027
2 I-TAIL Corp. PCL (Foreign) 7,700,900 4,023
  B Grimm Power PCL (Foreign) 10,072,147 4,002
  Thai Vegetable Oil PCL (Foreign) 5,262,791 3,989
  BCPG PCL (Foreign) 16,975,542 3,682
  VGI PCL (Foreign) 132,945,410 3,563
  Tipco Asphalt PCL (Foreign) 8,119,230 3,368
  Thonburi Healthcare Group PCL (Foreign) 12,357,358 3,171
  SCB X PCL NVDR 786,320 3,163
  AEON Thana Sinsap Thailand PCL (Foreign) 1,057,000 3,073
*,2 Jasmine Technology Solution PCL (Foreign) 2,349,892 3,013
2 Dhipaya Group Holdings PCL (Foreign) 4,713,000 3,005
  Bangkok Life Assurance PCL (Foreign) 4,727,791 2,890
  Siam City Cement PCL (Foreign) 647,500 2,773
  PTG Energy PCL (Foreign) 10,941,946 2,743
  Precious Shipping PCL (Foreign) 13,107,363 2,732
2 Chularat Hospital PCL (Foreign) 60,947,546 2,674
*,2 Thaicom PCL (Foreign) 6,858,785 2,443
  Plan B Media PCL (Foreign) 18,285,160 2,430
2 JMT Network Services PCL (Foreign) 7,855,264 2,370
  TOA Paint Thailand PCL (Foreign) 5,936,534 2,368
  Thoresen Thai Agencies PCL (Foreign) 14,950,087 2,285
  MK Restaurants Group PCL (Foreign) 3,299,700 1,925
2 Dohome PCL (Foreign) 15,934,431 1,649
  Bangkok Land PCL (Foreign) 119,319,678 1,578
  SPCG PCL (Foreign) 5,775,304 1,569
  CK Power PCL (Foreign) 21,369,772 1,524
*,2 Jasmine International PCL (Foreign) 43,225,803 1,501
2 Jaymart Group Holdings PCL (Foreign) 6,880,000 1,495
  GFPT PCL (Foreign) 5,288,796 1,489
* SKY ICT PCL (Foreign) 4,051,165 1,483
  TPI Polene Power PCL (Foreign) 24,853,700 1,467
  Pruksa Real Estate PCL (Foreign) 11,775,000 621
2 AEON Thana Sinsap Thailand PCL NVDR 83,800 244
*,2 Energy Absolute PCL NVDR 2,928,600 238
            2,616,283
Turkiye (1.1%)
  Aselsan Elektronik Sanayi ve Ticaret A/S 16,263,796 151,445
2 BIM Birlesik Magazalar A/S 5,891,765 96,793
2 Turkiye Petrol Rafinerileri A/S 12,649,123 76,044
*,2 Destek Finans Faktoring A/S 1,151,844 69,986
  Akbank TAS 42,362,032 68,607
  KOC Holding A/S 15,104,526 67,631
2 Turk Hava Yollari AO 7,616,866 51,860
2 Turkcell Iletisim Hizmetleri A/S 16,613,870 41,308
2 Haci Omer Sabanci Holding A/S 18,961,965 40,129
2 Eregli Demir ve Celik Fabrikalari TAS 48,601,871 37,801
* Yapi ve Kredi Bankasi A/S 45,657,182 37,430
2 Astor Transformator Enerji Turizm Insaat ve Petrol Sanayi Ticaret A/S 5,913,436 37,162
  Turkiye Is Bankasi A/S Class C 114,318,419 36,293
2 Enka Insaat ve Sanayi A/S 12,222,146 28,337
2 Turkiye Garanti Bankasi A/S 8,103,387 23,992
69

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Katilimevim Tasarruf Finansman A/S 8,682,428 22,147
2 Ford Otomotiv Sanayi A/S 9,963,992 21,631
  Coca-Cola Icecek A/S 11,204,210 18,627
2 Turkiye Sise ve Cam Fabrikalari A/S 16,897,840 17,925
2 Migros Ticaret A/S 1,237,190 17,592
* Peker Gayrimenkul Yatirim Ortakligi A/S 47,873,136 17,270
*,2 TAV Havalimanlari Holding A/S 2,536,896 15,653
*,2 Pegasus Hava Tasimaciligi A/S 3,513,573 14,030
  Yeni Gimat Gayrimenkul Ortakligi A/S 2,624,219 13,968
* Tera Yatirim Menkul Degerler A/S 2,616,389 13,947
* Margun Enerji Uretim Sanayi ve Ticaret A/S 9,691,294 13,744
* Ral Yatirim Holding A/S 1,802,681 13,394
*,2 Pasifik Eurasia Lojistik Dis Ticaret A/S 4,579,394 13,381
* Isiklar Enerji ve Yapi Holding A/S 5,982,014 13,088
*,2 Sasa Polyester Sanayi A/S 183,179,209 12,762
*,1 MLP Saglik Hizmetleri A/S 1,293,921 12,738
2 Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 27,152,516 12,386
  AG Anadolu Grubu Holding A/S 17,586,374 12,196
2 Anadolu Efes Biracilik ve Malt Sanayii A/S Class B 26,914,178 11,322
*,2 Gubre Fabrikalari TAS 963,334 11,314
2 Tofas Turk Otomobil Fabrikasi A/S 1,657,337 10,822
*,2 Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S 12,236,010 10,460
* Kuyumcukent Gayrimenkul Yatirimlari A/S 5,322,142 9,771
1 Enerjisa Enerji A/S 3,396,022 9,242
  LDR Turizm A/S 3,481,080 9,112
* Ufuk Yatirim Yonetim ve Gayrimenkul A/S 262,913 9,074
* Odine Solutions Teknoloji Ticaret ve Sanayi A/S 359,758 9,064
*,2 Arcelik A/S 3,538,701 8,769
*,2 Turk Telekomunikasyon A/S 6,360,353 8,756
*,2 Petkim Petrokimya Holding A/S 16,522,748 8,750
*,2 Turk Altin Isletmeleri A/S 9,075,050 8,308
  Turkiye Sigorta A/S 25,823,176 8,050
1 Mavi Giyim Sanayi ve Ticaret A/S Class B 8,050,041 7,730
2 Ulker Biskuvi Sanayi A/S 2,735,000 7,505
* Kiler Holding A/S 3,295,685 7,473
*,2 Turkiye Vakiflar Bankasi TAO 10,632,530 7,462
  Is Yatirim Menkul Degerler A/S 7,739,697 7,252
* Reysas Tasimacilik ve Lojistik Ticaret A/S 15,810,914 6,998
*,2 Turkiye Halk Bankasi A/S 8,323,815 6,992
2 Oyak Cimento Fabrikalari A/S 12,737,411 6,692
*,2 TR Anadolu Metal Madencilik Isletmeleri A/S 2,517,588 6,620
* Tera Yatirim Teknoloji Holding A/S 11,005,821 6,385
  Enerya Enerji A/S 32,014,133 6,318
* Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S 10,575,222 6,194
  Anadolu Anonim Turk Sigorta Sirketi 9,630,194 6,159
2 Cimsa Cimento Sanayi ve Ticaret A/S 4,587,255 5,860
* Aksa Enerji Uretim A/S Class B 3,181,408 5,797
* Baticim Bati Anadolu Cimento Sanayii A/S 41,302,960 5,688
  Ziraat Gayrimenkul Yatirim Ortakligi A/S 11,709,568 5,663
  Global Yatirim Holding A/S 16,530,963 5,595
*,2 Sok Marketler Ticaret A/S 4,921,554 5,552
  Aygaz A/S 849,202 5,410
* Reysas Gayrimenkul Yatirim Ortakligi A/S 7,863,003 5,265
* Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A/S 8,339,182 5,084
*,2 Alarko Holding A/S 2,357,909 5,001
* BatiSoke Soke Cimento Sanayii TAS 5,791,744 4,914
  Lila Kagit Sanayi ve Ticaret A/S 6,181,715 4,794
2 Dogus Otomotiv Servis ve Ticaret A/S 1,175,849 4,698
  Dogan Sirketler Grubu Holding A/S 9,314,923 4,688
* CVK Maden Isletmeleri Sanayi ve Ticaret A/S 5,913,140 4,668
* Otokar Otomotiv ve Savunma Sanayi A/S 550,531 4,664
  Sekerbank Turk A/S 17,111,761 4,649
* Lydia Holding A/S 1,058,678 4,600
  Torunlar Gayrimenkul Yatirim Ortakligi A/S 2,094,880 4,544
  Aksa Akrilik Kimya Sanayii A/S 18,742,500 4,396
2 Tekfen Holding A/S 1,378,405 4,343
  Turkiye Sinai Kalkinma Bankasi A/S 16,752,961 4,304
  Nuh Cimento Sanayi A/S 782,633 4,293
*,2 Can2 Termik A/S 104,980,705 4,154
  Borusan Yatirim ve Pazarlama A/S 88,419 4,122
70

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  TAB Gida Sanayi ve Ticaret A/S 691,745 4,119
  Altinkilic Gida ve Sut Sanayi Ticaret A/S 518,929 4,094
* Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A/S 3,523,998 4,093
*,2 Hektas Ticaret TAS 49,600,737 3,776
*,2 Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret A/S 297,386 3,601
2 Kontrolmatik Enerji ve Muhendislik A/S 15,340,939 3,550
  Selcuk Ecza Deposu Ticaret ve Sanayi A/S 1,537,145 3,530
* Izmir Firca Sanayi ve Ticaret A/S 2,235,171 3,393
  GEN Ilac ve Saglik Urunleri Sanayi ve Ticaret A/S 16,343,040 3,354
* Turk Traktor ve Ziraat Makineleri A/S 339,954 3,344
*,2 MIA Teknoloji A/S 3,744,909 3,313
  EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S 1,733,202 3,286
* Bera Holding A/S 8,587,304 3,243
* Lydia Yesil Enerji Kaynaklari Anonimsirketi 8,688 3,087
* CW Enerji Muhendislik Ticaret ve Sanayi A/S 3,791,845 3,084
* Investco Holding A/S 249,693 3,075
* Grainturk Tarim A/S 536,023 3,053
* Izdemir Enerji Elektrik Uretim A/S 12,747,459 3,020
  Albaraka Turk Katilim Bankasi A/S 16,227,918 3,018
  AKIS Gayrimenkul Yatirimi A/S 14,447,458 2,867
* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class A 3,597,282 2,819
  Logo Yazilim Sanayi ve Ticaret A/S 861,224 2,741
  Pasifik Gayrimenkul Yatirim Ortakligi 40,883,712 2,713
  Is Gayrimenkul Yatirim Ortakligi A/S 5,935,677 2,666
  GUR-Sel Turizm Tasimacilik ve Servis Ticaret A/S 399,087 2,638
  Agesa Hayat ve Emeklilik A/S 470,373 2,513
* Akcansa Cimento A/S 526,035 2,489
  Ronesans Gayrimenkul Yatirim A/S Class B 591,521 2,428
* Sinpas Gayrimenkul Yatirim Ortakligi A/S 29,872,672 2,423
* ODAS Elektrik Uretim ve Sanayi Ticaret A/S 15,686,085 2,384
* Girsim Elektrik Sanayi Taahut ve Ticaret A/S 2,147,612 2,374
* DAP Gayrimenkul Gelistirme A/S Class C 9,961,068 2,323
  Eczacibasi Yatirim Holding Ortakligi A/S 275,874 2,291
  Anadolu Hayat Emeklilik A/S 931,329 2,287
* Gulermak Agir Sanayi Insaat ve Taahhut A/S 536,090 2,249
* EGE Endustri ve Ticaret A/S 15,693 2,204
* Akfen Yenilenebilir Enerji A/S 4,454,157 2,197
  Iskenderun Demir ve Celik A/S 2,045,411 2,194
* Fenerbahce Futbol A/S 31,556,045 2,186
*,2 TR Dogal Enerji Kaynaklari Arastirma ve Uretim A/S 1,060,675 2,154
* BMS Birlesik Metal Sanayi ve Ticaret A/S 1,066,015 2,127
* Blume Metal Chemical ASA 2,224,838 1,960
* Smart Gunes Enerjisi Teknolojileri ArGE Uretim Sanayi ve Ticaret A/S 11,568,620 1,957
* YEO Teknoloji Enerji ve Endustri A/S 1,545,854 1,909
* Europen Endustri Insaat Sanayi ve Ticaret A/S 15,502,916 1,895
  Efor Yatirim Sanayi Ticaret A/S 7,305,251 1,874
* Tukas Gida Sanayi ve Ticaret A/S 31,971,824 1,813
* Zorlu Enerji Elektrik Uretim A/S 26,188,099 1,774
  Kocaer Celik Sanayi ve Ticaret A/S 6,796,469 1,769
* Pasifik Teknoloji A/S 3,680,247 1,759
  Escar Turizm Tasimacilik Ticaret A/S 1,475,422 1,706
* Is Finansal Kiralama A/S 3,792,313 1,680
* Altinay Savunma Teknolojileri A/S 4,739,085 1,678
* Reeder Teknoloji Sanayi ve Ticaret A/S 9,804,043 1,655
* Qua Granite Hayal 19,722,908 1,622
* Oyak Yatirim Menkul Degerler A/S 1,273,348 1,602
* Kayseri Seker Fabrikasi A/S 15,222,029 1,597
  Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S 1,397,139 1,576
* Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S 1,595,809 1,547
  Galata Wind Enerji A/S 2,250,982 1,507
* Adese Gayrimenkul Yatirim A/S 61,489,890 1,476
* Polisan Holding A/S 3,043,782 1,431
* NET Holding A/S 1,682,218 1,429
* Ozak Gayrimenkul Yatirim Ortakligi 5,231,551 1,419
* Kizilbuk Gayrimenkul Yatirim Ortakligi A/S 19,094,456 1,400
*,2 Vestel Elektronik Sanayi ve Ticaret A/S 2,222,829 1,368
  SUN Tekstil Sanayi ve Ticaret A/S 1,703,494 1,347
* Izmir Demir Celik Sanayi A/S 8,606,390 1,340
* Politeknik Metal Sanayi ve Ticaret A/S 11,009 1,306
  Celebi Hava Servisi A/S 33,015 1,303
71

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
* Biotrend Cevre ve Enerji Yatirimlari A/S 2,784,484 1,241
* Karsan Otomotiv Sanayii ve Ticaret A/S 4,848,218 1,238
  Bursa Cimento Fabrikasi A/S 8,772,891 1,190
  Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A/S 145,518 1,178
* Konya Cimento Sanayii A/S 12,328 1,141
  Alfa Solar Enerji Sanayi ve Ticaret A/S 1,221,266 1,117
* Kordsa Teknik Tekstil A/S 726,453 1,055
* Yayla Agro Gida Sanayi ve Nakliyat A/S 4,071,609 1,054
* Karel Elektronik Sanayi ve Ticaret A/S 3,942,872 1,033
* Marmara Holding A/S 15,660,551 1,005
* Aydem Yenilenebilir Enerji A/S 1,534,075 984
* Besler Gida ve Kimya Sanayi ve Ticaret A/S 2,952,119 981
  Ebebek Magazacilik A/S Class B 611,962 975
* Hitit Bilgisayar Hizmetleri A/S 1,025,926 961
  Suwen Tekstil Sanayi Pazarlama A/S 4,997,880 951
* Tumosan Motor ve Traktor Sanayi A/S 420,746 947
  Anadolu Isuzu Otomotiv Sanayi ve Ticaret A/S Class C 579,900 912
* Kaleseramik Canakkale Kalebodur Seramik Sanayi A/S 1,520,292 890
* Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S 464,497 869
* Aksigorta A/S 5,534,870 857
* Vakif Gayrimenkul Yatirim Ortakligi A/S 13,697,587 837
  Vestel Beyaz Esya Sanayi ve Ticaret A/S 5,161,135 813
* Kervan Gida Sanayi ve Ticaret A/S Class B 11,708,373 808
* Penta Teknoloji Urunleri Dagitim Ticaret A/S 2,401,297 761
* Agrotech Yueksek Teknoloji ve Yatirim A/S 10,947,008 746
* Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A/S 6,174,313 741
* Kimteks Poliuretan Sanayi ve Ticaret A/S 1,586,720 725
* Tat Gida Sanayi A/S 1,818,842 724
* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A/S 19,416,940 713
  Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A/S 373,253 694
* Esenboga Elektrik Uretim A/S 8,172,051 677
* Bagfas Bandirma Gubre Fabrikalari A/S 895,852 671
* Imas Makina Sanayi A/S 7,956,721 650
  Visne Madencilik Uretim Sanayi ve Ticaret A/S 284,411 542
            1,682,317
United Arab Emirates (1.5%)
  First Abu Dhabi Bank PJSC 61,209,237 292,828
  Emaar Properties PJSC 86,035,037 277,033
  Emirates Telecommunications Group Co. PJSC 48,247,430 244,358
  Emirates NBD Bank PJSC 25,062,946 198,019
  Abu Dhabi Commercial Bank PJSC 43,767,886 164,544
  Abu Dhabi Islamic Bank PJSC 20,216,002 120,718
  Aldar Properties PJSC 52,858,553 111,167
  Dubai Electricity & Water Authority PJSC 124,929,662 90,153
  Adnoc Gas plc 95,793,504 87,884
* Two Point Zero Group PJSC 147,144,922 82,030
  Dubai Islamic Bank PJSC 40,058,631 77,964
  ADNOC Drilling Co. PJSC 36,505,944 56,256
  Emaar Development PJSC 11,583,679 46,023
  Air Arabia PJSC 31,554,928 42,523
  Abu Dhabi National Oil Co. for Distribution PJSC 39,776,153 39,751
  Salik Co. PJSC 25,737,327 39,270
  ADNOC Logistics & Services 22,709,018 36,280
* Dubai Investments PJSC 29,019,862 32,058
  Agility Global plc 73,170,575 29,879
  Borouge plc 41,660,697 28,702
* Modon Holding PSC 34,240,969 27,349
  GFH Financial Group BSC 37,193,226 22,086
  Americana Restaurants International plc - Foreign Co. 39,518,270 21,403
  Dana Gas PJSC 76,930,537 18,848
*,3 Gulf Navigation Holding PJSC 22,836,566 16,843
  Fertiglobe plc 15,820,156 16,109
  NMDC Group PJSC 3,081,943 16,076
  Talabat Holding plc 64,859,092 15,773
  Parkin Co. PJSC 10,313,011 14,626
* Abu Dhabi Ports Co. PJSC 12,219,345 14,450
  Sharjah Islamic Bank 17,046,537 13,734
  Lulu Retail Holdings plc 42,863,682 12,151
* Apex Investment Co. PSC 13,606,106 11,917
72

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
  Emirates Central Cooling Systems Corp. 27,853,260 11,763
  Abu Dhabi National Hotels 108,887,204 10,978
* Presight AI Holding plc 9,765,425 8,336
  Dubai Financial Market PJSC 21,085,002 8,200
* Phoenix Group plc 36,135,292 7,448
  Amanat Holdings PJSC 18,293,287 6,372
  Ajman Bank PJSC 15,210,998 5,957
* RAK Properties PJSC 20,278,764 5,911
* Space42 plc 13,531,819 5,537
  Agthia Group PJSC 4,264,136 4,328
  GFH Financial Group BSC (XKUW) 4,122,121 2,617
* Ghitha Holding PJSC 346,785 1,032
*,3 Arabtec Holding PJSC 10,929,061 —
            2,397,284
Total Common Stocks (Cost $91,978,034) 156,367,388
Preferred Stocks (1.4%)
  Petroleo Brasileiro SA - Petrobras Preference Shares 61,385,795 608,428
  Itau Unibanco Holding SA Preference Shares 64,670,007 564,057
  Banco Bradesco SA Preference Shares 65,568,965 255,825
  Itausa SA Preference Shares 81,825,803 230,020
* Sociedad Quimica y Minera de Chile SA Preference Shares Class B 1,719,551 158,146
  Gerdau SA Preference Shares 17,576,534 80,255
* Axia Energia SA Preference Shares Class C 5,299,698 64,162
  Cia Energetica de Minas Gerais Preference Shares 18,117,633 45,881
  Axia Energia SA Preference Shares Class B 2,941,634 40,782
  Grupo Cibest SA Preference Shares 1,738,521 29,844
  Embotelladora Andina SA Preference Shares Class B 5,740,661 26,760
  Isa Energia Brasil SA Preference Shares 3,836,878 22,866
  Metalurgica Gerdau SA Preference Shares 11,349,630 22,760
  Grupo de Inversiones Suramericana SA Preference Shares 1,912,642 21,279
  Bradespar SA Preference Shares 3,290,999 15,246
  Marcopolo SA Preference Shares 10,152,746 13,286
* Usinas Siderurgicas de Minas Gerais SA Usiminas Preference Shares Class A 6,384,269 10,688
  Banco do Estado do Rio Grande do Sul SA Preference Shares Class B 3,102,592 9,787
  Unipar Carbocloro SA Preference Shares Class B 728,600 9,217
  Banco ABC Brasil SA Preference Shares 1,349,688 6,830
  Alpargatas SA Preference Shares 2,479,854 6,020
  Localiza Rent a Car SA Preference Shares 451,705 4,026
* Braskem SA Preference Shares Class A 2,079,169 3,842
  Cia de Ferro Ligas da Bahia FERBASA Preference Shares 2,204,636 3,424
* Cyrela Brazil Realty SA Empreendimentos e Participacoes Preference Shares 656,715 2,830
  Axia Energia SA Preference Shares ADR 191,585 2,663
  Randoncorp SA Preference Shares 2,454,834 2,632
* Raizen SA Preference Shares 17,910,085 1,700
* Axia Energia SA Preference Shares Class C ADR 136,620 1,646
* TVS Motor Co. Ltd., 6.000%, 9/1/2026 5,795,466 623
Total Preferred Stocks (Cost $1,512,169) 2,265,525
Rights (0.0%)
* Sharjah Islamic Bank Exp. 5/8/2026 5,682,178 620
* FII BTLG Exp. 5/13/2026 213,350 11
*,3 Taiwan Cogeneration Corp. Exp. 5/11/2026 670,008 —
* Fii UBS Br Receb Imob Exp. 10/19/2026 60,744 —
*,3 Wafer Works Corp. Exp. 5/28/2026 206,436 —
*,3 Parque Arauco SA Exp. 6/2/2026 778,213 —
*,3 Ability Opto-Electronics Technology Co. Ltd. Exp. 5/22/2026 31,453 —
Total Rights (Cost $—) 631
Warrants (0.0%)
* Berjaya Corp. Bhd. Exp. 1/6/2031 4,699,499 59
* Malaysian Resources Corp. Bhd. Exp. 10/29/2027 3,624,441 19
* VGI PCL Exp. 5/23/2027 18,209,185 11
Total Warrants (Cost $—) 89
73

 

Emerging Markets Stock Index Fund
          Shares Market
Value•
($000)
Temporary Cash Investments (4.2%)
Money Market Fund (4.2%)
4,5 Vanguard Market Liquidity Fund, 3.685% (Cost $6,687,477) 66,882,877 6,687,619
Total Investments (103.4%) (Cost $100,177,680)   165,321,252
Other Assets and Liabilities—Net (-3.4%)   (5,458,791)
Net Assets (100%)   159,862,461
Cost is in $000.
• See Note A in Notes to Financial Statements.
* Non-income-producing security.
1 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 April 30, 2026, the aggregate value was $7,700,790, representing 4.8% of net assets.
2 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $4,114,902.
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 $4,410,506 was received for securities on loan.
  ADR—American Depositary Receipt.
  GDR—Global Depositary Receipt.
  NVDR—Non-Voting Depositary Receipt.
  REIT—Real Estate Investment Trust.
74

 

Emerging Markets Stock Index Fund
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
MSCI Emerging Markets Index June 2026 8,400 686,364 59,937
    
Forward Currency Contracts
  Contract
Settlement
Date 		Contract Amount (000) Unrealized
Appreciation
($000) 		Unrealized
(Depreciation)
($000)
Counterparty   Receive   Deliver
Citibank, N.A. 6/17/2026 BRL 174,787 USD 32,652 2,249 —
HSBC Bank plc 6/17/2026 HKD 697,342 USD 89,147 35 —
Citibank, N.A. 6/17/2026 INR 66,518,886 USD 714,004 — (15,938)
BNP Paribas 6/17/2026 INR 45,101,249 USD 487,222 — (13,920)
Toronto-Dominion Bank 6/17/2026 INR 21,577,512 USD 232,850 — (6,411)
JPMorgan Chase Bank, N.A. 6/17/2026 INR 14,680,228 USD 157,979 — (3,921)
Bank of America, N.A. 6/17/2026 INR 9,557,102 USD 103,365 — (3,070)
Wells Fargo Bank N.A. 6/17/2026 INR 5,933,751 USD 63,091 — (821)
State Street Bank & Trust Co. 6/17/2026 USD 107,377 BRL 568,347 — (6,109)
HSBC Bank plc 6/17/2026 USD 89,519 HKD 697,342 338 —
Citibank, N.A. 6/17/2026 USD 167,230 INR 15,773,400 1,700 —
State Street Bank & Trust Co. 6/17/2026 USD 78,046 INR 7,231,570 2,156 —
JPMorgan Chase Bank, N.A. 6/17/2026 USD 58,509 INR 5,452,130 1,293 —
BNP Paribas 6/17/2026 USD 27,410 THB 863,088 835 —
Citibank, N.A. 6/17/2026 USD 51,335 TWD 1,634,158 — (387)
            8,606 (50,577)
    
BRL—Brazilian real.
HKD—Hong Kong dollar.
INR—Indian rupee.
THB—Thai baht.
TWD—Taiwanese dollar.
USD—U.S. dollar.
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date 		Counterparty Notional
Amount
($000) 		Floating
Interest
Rate
Received
(Paid)1
(%) 		Value and
Unrealized
Appreciation
($000) 		Value and
Unrealized
(Depreciation)
($000)
China Airlines Ltd. 8/31/2026 BANA 8,502 (0.390) — (1)
China XD Electric Co. Ltd. Class A 9/2/2027 MSBNA 3,627 10.860 254 —
East Money Information Co. Ltd. Class A 9/2/2027 MSBNA 11,417 (0.290) 553 —
Eve Energy Co. Ltd. Class A 9/2/2027 MSBNA 11,311 2.610 472 —
Foxconn Industrial Internet Co. Ltd. Class A 9/2/2027 MSBNA 26,529 (1.140) 3,160 —
FTSE China A Stock Connect CNY All Cap Index 6/4/2026 BANA 335,267 2.607 30,831 —
Hapvida Participacoes e Investimentos SA 2/2/2027 GSI 5,293 5.360 — (287)
MBRF Global Foods Co. SA 2/2/2027 GSI 12,955 0.360 — (1,339)
Novatek Microelectronics Corp. 2/2/2027 GSI 28,173 (1.640) 386 —
Raia Drogasil SA 2/2/2027 GSI 41,787 (2.390) — (3,054)
Tera Yatirim Teknoloji Holding A/S 2/2/2027 GSI 4,569 2.360 1,062 —
TOTVS SA 2/2/2027 GSI 13,781 (0.490) — (1,237)
75

 

Emerging Markets Stock Index Fund
Over-the-Counter Total Return Swaps (continued)
Reference Entity Termination
Date 		Counterparty Notional
Amount
($000) 		Floating
Interest
Rate
Received
(Paid)1
(%) 		Value and
Unrealized
Appreciation
($000) 		Value and
Unrealized
(Depreciation)
($000)
TS Financial Holding Co. Ltd. 9/2/2027 MSBNA 38,067 (1.640) — (389)
Victory Giant Technology Huizhou Co. Ltd. Class A 9/2/2027 MSBNA 18,548 2.360 764 —
          37,482 (6,307)
1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/(paid) monthly.
  BANA—Bank of America, N.A.
  GSI—Goldman Sachs International.
  MSBNA—Morgan Stanley Bank, N.A.
At April 30, 2026, the counterparties had deposited in segregated accounts securities with a value of $28,720 and cash of $5,820 in connection with open forward currency contracts and over-the-counter swap contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
76

 

Emerging Markets Stock Index Fund
Statement of Assets and Liabilities
As of April 30, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value1  
Unaffiliated Issuers (Cost $93,490,203) 158,633,633
Affiliated Issuers (Cost $6,687,477) 6,687,619
Total Investments in Securities 165,321,252
Investment in Vanguard 3,498
Cash 2,884
Foreign Currency, at Value (Cost $306,121) 308,191
Cash Collateral Pledged—Futures Contracts 31,730
Cash Collateral Pledged—Over-the-Counter Swap Contracts and Forward Currency Contracts 44,020
Receivables for Investment Securities Sold 2,425
Receivables for Accrued Income 168,305
Receivables for Capital Shares Issued 27,274
Variation Margin Receivable—Futures Contracts 13,020
Unrealized Appreciation—Forward Currency Contracts 8,606
Unrealized Appreciation—Over-the-Counter Swap Contracts 37,482
Other Assets 4,623
Total Assets 165,973,310
Liabilities  
Payables for Investment Securities Purchased 8,726
Collateral for Securities on Loan 4,410,506
Payables for Capital Shares Redeemed 66,117
Payables to Vanguard 4,550
Unrealized Depreciation—Forward Currency Contracts 50,577
Unrealized Depreciation—Over-the-Counter Swap Contracts 6,307
Deferred Foreign Capital Gains Taxes 1,564,066
Total Liabilities 6,110,849
Net Assets 159,862,461
1 Includes $4,114,902 of securities on loan.  
77

 

Emerging Markets Stock Index Fund
Statement of Assets and Liabilities (continued)

At April 30, 2026, net assets consisted of:
($000s, except shares and per-share amounts) Amount
Paid-in Capital 122,174,421
Total Distributable Earnings (Loss) 37,688,040
Net Assets 159,862,461
 
Investor Shares—Net Assets  
Applicable to 1,884,617 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		69,845
Net Asset Value Per Share—Investor Shares $37.06
 
ETF Shares—Net Assets  
Applicable to 2,034,969,117 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		119,081,026
Net Asset Value Per Share—ETF Shares $58.52
 
Admiral™ Shares—Net Assets  
Applicable to 447,940,578 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		21,793,642
Net Asset Value Per Share—Admiral Shares $48.65
 
Institutional Shares—Net Assets  
Applicable to 263,518,825 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		9,750,589
Net Asset Value Per Share—Institutional Shares $37.00
 
Institutional Plus Shares—Net Assets  
Applicable to 74,476,483 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		9,167,359
Net Asset Value Per Share—Institutional Plus Shares $123.09
See accompanying Notes, which are an integral part of the Financial Statements.
78

 

Emerging Markets Stock Index Fund
Statement of Operations
  Six Months Ended
April 30, 2026
  ($000)
Investment Income  
Income  
Dividends1 1,328,150
Interest2 47,083
Securities Lending—Net 47,082
Total Income 1,422,315
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 5,144
Management and Administrative—Investor Shares 85
Management and Administrative—ETF Shares 18,841
Management and Administrative—Admiral Shares 10,270
Management and Administrative—Institutional Shares 2,121
Management and Administrative—Institutional Plus Shares 1,387
Marketing and Distribution—Investor Shares 2
Marketing and Distribution—ETF Shares 1,514
Marketing and Distribution—Admiral Shares 526
Marketing and Distribution—Institutional Shares 154
Marketing and Distribution—Institutional Plus Shares 127
Custodian Fees 12,451
Shareholders’ Reports—Investor Shares 1
Shareholders’ Reports—ETF Shares 1,651
Shareholders’ Reports—Admiral Shares 163
Shareholders’ Reports—Institutional Shares 79
Shareholders’ Reports—Institutional Plus Shares 52
Trustees’ Fees and Expenses 39
Other Expenses 161
Total Expenses 54,768
Net Investment Income 1,367,547
Realized Net Gain (Loss)  
Investment Securities Sold2,3 (1,300,792)
Futures Contracts 11,127
Swap Contracts 20,139
Forward Currency Contracts (59,317)
Foreign Currencies (51,298)
Realized Net Gain (Loss) (1,380,141)
Change in Unrealized Appreciation (Depreciation)  
Investment Securities2,4 12,936,554
Futures Contracts 45,653
Swap Contracts 26,733
Forward Currency Contracts (35,711)
Foreign Currencies 59,615
Change in Unrealized Appreciation (Depreciation) 13,032,844
Net Increase (Decrease) in Net Assets Resulting from Operations 13,020,250
1 Dividends are net of foreign withholding taxes of $145,904.
2 Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $44,487, ($71), and ($488), respectively. Purchases and sales are for temporary cash investment purposes.
3 Realized Gain (Loss) is net of foreign capital gains taxes of $11,680.
4 The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($255,381).
See accompanying Notes, which are an integral part of the Financial Statements.
79

 

Emerging Markets Stock Index Fund
Statement of Changes in Net Assets
  Six Months Ended
April 30,
2026 		  Year Ended
October 31,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 1,367,547   3,181,336
Realized Net Gain (Loss) (1,380,141)   (1,183,521)
Change in Unrealized Appreciation (Depreciation) 13,032,844   22,902,525
Net Increase (Decrease) in Net Assets Resulting from Operations 13,020,250   24,900,340
Distributions      
Investor Shares (1,193)   (2,001)
ETF Shares (1,996,817)   (2,767,003)
Admiral Shares (378,184)   (549,813)
Institutional Shares (167,644)   (264,041)
Institutional Plus Shares (154,608)   (178,952)
Total Distributions (2,698,446)   (3,761,810)
Capital Share Transactions      
Investor Shares (521)   (12,005)
ETF Shares 6,705,259   6,639,817
Admiral Shares 127,538   88,791
Institutional Shares (193,345)   (176,046)
Institutional Plus Shares 1,381,241   871,769
Net Increase (Decrease) from Capital Share Transactions 8,020,172   7,412,326
Total Increase (Decrease) 18,341,976   28,550,856
Net Assets      
Beginning of Period 141,520,485   112,969,629
End of Period 159,862,461   141,520,485
See accompanying Notes, which are an integral part of the Financial Statements.
80

 

Emerging Markets Stock Index Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
April 30,
2026 		Year Ended October 31,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $34.67 $29.38 $24.11 $22.40 $32.02 $27.86
Investment Operations            
Net Investment Income1 .285 .741 .692 .696 .805 .670
Net Realized and Unrealized Gain (Loss) on Investments 2.740 5.453 5.286 1.729 (9.574) 4.133
Total from Investment Operations 3.025 6.194 5.978 2.425 (8.769) 4.803
Distributions            
Dividends from Net Investment Income (.635) (.904) (.708) (.715) (.851) (.643)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.635) (.904) (.708) (.715) (.851) (.643)
Net Asset Value, End of Period $37.06 $34.67 $29.38 $24.11 $22.40 $32.02
Total Return2 8.92% 21.68% 25.18% 10.72% -27.83% 17.23%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $70 $66 $67 $68 $92 $171
Ratio of Total Expenses to Average Net Assets 0.29% 0.29% 0.29%3 0.29%3 0.29%3 0.29%
Ratio of Net Investment Income to Average Net Assets 1.64% 2.45% 2.56% 2.74% 2.85% 2.05%
Portfolio Turnover Rate4 2% 6% 8% 5% 7% 9%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.29%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
81

 

Emerging Markets Stock Index Fund
Financial Highlights
FTSE Emerging Markets ETF Shares            
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
April 30,
2026 		Year Ended October 31,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $54.71 $46.36 $38.04 $35.35 $50.55 $43.98
Investment Operations            
Net Investment Income1 .513 1.279 1.189 1.230 1.410 1.186
Net Realized and Unrealized Gain (Loss) on Investments 4.330 8.601 8.339 2.677 (15.163) 6.506
Total from Investment Operations 4.843 9.880 9.528 3.907 (13.753) 7.692
Distributions            
Dividends from Net Investment Income (1.033) (1.530) (1.208) (1.217) (1.447) (1.122)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (1.033) (1.530) (1.208) (1.217) (1.447) (1.122)
Net Asset Value, End of Period $58.52 $54.71 $46.36 $38.04 $35.35 $50.55
Total Return 9.05% 21.95% 25.46% 10.95% -27.68% 17.51%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $119,081 $104,721 $82,565 $68,051 $60,832 $80,116
Ratio of Total Expenses to Average Net Assets 0.06% 0.07% 0.08%2 0.08%2 0.08%2 0.08%
Ratio of Net Investment Income to Average Net Assets 1.87% 2.67% 2.77% 3.06% 3.19% 2.29%
Portfolio Turnover Rate3 2% 6% 8% 5% 7% 9%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%.
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
82

 

Emerging Markets Stock Index Fund
Financial Highlights
Admiral Shares            
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
April 30,
2026 		Year Ended October 31,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $45.50 $38.55 $31.64 $29.39 $42.04 $36.57
Investment Operations            
Net Investment Income1 .411 1.047 .967 1.002 1.145 .949
Net Realized and Unrealized Gain (Loss) on Investments 3.591 7.152 6.927 2.241 (12.617) 5.432
Total from Investment Operations 4.002 8.199 7.894 3.243 (11.472) 6.381
Distributions            
Dividends from Net Investment Income (.852) (1.249) (.984) (.993) (1.178) (.911)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.852) (1.249) (.984) (.993) (1.178) (.911)
Net Asset Value, End of Period $48.65 $45.50 $38.55 $31.64 $29.39 $42.04
Total Return2 8.99% 21.90% 25.35% 10.92% -27.76% 17.44%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $21,794 $20,231 $17,039 $14,094 $12,803 $17,690
Ratio of Total Expenses to Average Net Assets 0.13% 0.13% 0.14%3 0.14%3 0.14%3 0.14%
Ratio of Net Investment Income to Average Net Assets 1.80% 2.63% 2.71% 3.00% 3.11% 2.21%
Portfolio Turnover Rate4 2% 6% 8% 5% 7% 9%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Emerging Markets Stock Index Fund
Financial Highlights
Institutional Shares            
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
April 30,
2026 		Year Ended October 31,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $34.59 $29.32 $24.06 $22.35 $31.96 $27.81
Investment Operations            
Net Investment Income1 .324 .801 .746 .777 .882 .736
Net Realized and Unrealized Gain (Loss) on Investments 2.737 5.431 5.273 1.698 (9.585) 4.120
Total from Investment Operations 3.061 6.232 6.019 2.475 (8.703) 4.856
Distributions            
Dividends from Net Investment Income (.651) (.962) (.759) (.765) (.907) (.706)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.651) (.962) (.759) (.765) (.907) (.706)
Net Asset Value, End of Period $37.00 $34.59 $29.32 $24.06 $22.35 $31.96
Total Return 9.05% 21.89% 25.43% 10.96% -27.70% 17.45%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $9,751 $9,324 $8,042 $6,627 $5,715 $7,791
Ratio of Total Expenses to Average Net Assets 0.07% 0.09% 0.10%2 0.10%2 0.10%2 0.10%
Ratio of Net Investment Income to Average Net Assets 1.86% 2.65% 2.75% 3.06% 3.15% 2.25%
Portfolio Turnover Rate3 2% 6% 8% 5% 7% 9%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%.
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
84

 

Emerging Markets Stock Index Fund
Financial Highlights
Institutional Plus Shares            
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
April 30,
2026 		Year Ended October 31,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $115.08 $97.52 $80.02 $74.35 $106.33 $92.51
Investment Operations            
Net Investment Income1 1.082 2.696 2.506 2.557 2.931 2.412
Net Realized and Unrealized Gain (Loss) on Investments 9.100 18.083 17.536 5.672 (31.875) 13.779
Total from Investment Operations 10.182 20.779 20.042 8.229 (28.944) 16.191
Distributions            
Dividends from Net Investment Income (2.172) (3.219) (2.542) (2.559) (3.036) (2.371)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (2.172) (3.219) (2.542) (2.559) (3.036) (2.371)
Net Asset Value, End of Period $123.09 $115.08 $97.52 $80.02 $74.35 $106.33
Total Return 9.05% 21.95% 25.46% 10.96% -27.70% 17.49%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $9,167 $7,179 $5,257 $3,535 $3,572 $5,097
Ratio of Total Expenses to Average Net Assets 0.06% 0.07% 0.08%2 0.08%2 0.08%2 0.08%
Ratio of Net Investment Income to Average Net Assets 1.87% 2.67% 2.78% 3.03% 3.14% 2.22%
Portfolio Turnover Rate3 2% 6% 8% 5% 7% 9%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%.
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
85

 

Emerging Markets Stock Index Fund
Notes to Financial Statements
Vanguard Emerging Markets Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers five classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Emerging Markets ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
A.  The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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.
2. 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).
3. 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. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2026, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. 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. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the six months ended April 30, 2026, the fund’s average investment in forward currency contracts represented 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
86

 

Emerging Markets Stock Index Fund
5. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps 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. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, 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 swap 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 swap 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.
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
During the six months ended April 30, 2026, the fund’s average amounts of investments in total return swaps represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
6. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
7. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
8. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
9. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2026, the fund did not utilize the credit facilities or the Interfund Lending Program.
87

 

Emerging Markets Stock Index Fund
10. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the applicable countries’ tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ‎ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of ‎payment. Such tax reclaims and related professional fees, if any, are included in dividend income and other expenses, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B.  Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C.  In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2026, the fund had contributed to Vanguard capital in the amount of $3,498,000, representing less than 0.01% of the fund’s net assets and 1.40% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D.  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 April 30, 2026, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments        
Assets        
Common Stocks 12,100,111 144,088,464 178,813 156,367,388
Preferred Stocks 2,265,525 — — 2,265,525
Rights 620 11 — 631
Warrants 89 — — 89
Temporary Cash Investments 6,687,619 — — 6,687,619
Total 21,053,964 144,088,475 178,813 165,321,252
Derivative Financial Instruments        
Assets        
Futures Contracts1 59,937 — — 59,937
Forward Currency Contracts — 8,606 — 8,606
Swap Contracts — 37,482 — 37,482
Total 59,937 46,088 — 106,025
Liabilities        
Forward Currency Contracts — (50,577) — (50,577)
Swap Contracts — (6,307) — (6,307)
Total — (56,884) — (56,884)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
88

 

Emerging Markets Stock Index Fund
E.  At April 30, 2026, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Statement of Assets and Liabilities Equity
Contracts
($000) 		Foreign
Exchange
Contracts
($000) 		Total
($000)
Unrealized Appreciation—Futures Contracts1 59,937 — 59,937
Unrealized Appreciation—Forward Currency Contracts — 8,606 8,606
Unrealized Appreciation—Over-the-Counter Swap Contracts 37,482 — 37,482
Total Assets 97,419 8,606 106,025
       
Unrealized Depreciation—Forward Currency Contracts — (50,577) (50,577)
Unrealized Depreciation—Over-the-Counter Swap Contracts (6,307) — (6,307)
Total Liabilities (6,307) (50,577) (56,884)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2026, were:
Realized Net Gain (Loss) on Derivatives Equity
Contracts
($000) 		Foreign
Exchange
Contracts
($000) 		Total
($000)
Futures Contracts 11,127 — 11,127
Swap Contracts 20,139 — 20,139
Forward Currency Contracts — (59,317) (59,317)
Realized Net Gain (Loss) on Derivatives 31,266 (59,317) (28,051)
 
Change in Unrealized Appreciation (Depreciation) on Derivatives      
Futures Contracts 45,653 — 45,653
Swap Contracts 26,733 — 26,733
Forward Currency Contracts — (35,711) (35,711)
Change in Unrealized Appreciation (Depreciation) on Derivatives 72,386 (35,711) 36,675
F.  As of April 30, 2026, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 102,978,763
Gross Unrealized Appreciation 75,785,392
Gross Unrealized Depreciation (13,393,762)
Net Unrealized Appreciation (Depreciation) 62,391,630
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2025, the fund had available capital losses totaling $22,684,062,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2026; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G.  During the six months ended April 30, 2026, the fund purchased $7,920,333,000 of investment securities and sold $2,840,896,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $1,766,549,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
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Emerging Markets Stock Index Fund
H.  Capital share transactions for each class of shares were:
  Six Months Ended
April 30, 2026 		  Year Ended
October 31, 2025
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 5,650 162   7,400 247
Issued in Lieu of Cash Distributions 1,193 35   2,001 69
Redeemed (7,364) (210)   (21,406) (690)
Net Increase (Decrease)—Investor Shares (521) (13)   (12,005) (374)
ETF Shares          
Issued 6,705,259 120,899   6,639,817 133,182
Issued in Lieu of Cash Distributions — —   — —
Redeemed — —   — —
Net Increase (Decrease)—ETF Shares 6,705,259 120,899   6,639,817 133,182
Admiral Shares          
Issued 1,887,889 41,005   3,024,405 76,706
Issued in Lieu of Cash Distributions 336,012 7,637   486,211 12,666
Redeemed (2,096,363) (45,371)   (3,421,825) (86,653)
Net Increase (Decrease)—Admiral Shares 127,538 3,271   88,791 2,719
Institutional Shares          
Issued 1,255,272 35,415   1,640,909 54,639
Issued in Lieu of Cash Distributions 160,748 4,806   254,050 8,706
Redeemed (1,609,365) (46,226)   (2,071,005) (68,159)
Net Increase (Decrease)—Institutional Shares (193,345) (6,005)   (176,046) (4,814)
Institutional Plus Shares          
Issued 1,704,255 14,778   1,218,783 11,852
Issued in Lieu of Cash Distributions 147,273 1,323   170,189 1,746
Redeemed (470,287) (4,007)   (517,203) (5,120)
Net Increase (Decrease)—Institutional Plus Shares 1,381,241 12,094   871,769 8,478
I.  Significant market disruptions, such as those caused by pandemics, natural or environmental ‎disasters, war, acts of terrorism, political or regulatory conditions, or other events, can adversely affect local and global ‎markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
The use of derivatives may expose the fund to various risks. Derivatives can be highly volatile, and any initial investment is generally small relative to the notional amount so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard securities. Leveraged derivatives positions can, therefore, increase volatility. Additional information regarding the fund’s use of derivative(s) and the specific risks associated is described under significant accounting policies.
J.  Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
K.  Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
Q5332 062026
90

 

Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9: Proxy Disclosures for Open-End Management Investment Companies.

 

Not applicable.

 

Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

Not applicable. The Trustees’ Fees and Expenses are included in the financial statements filed under Item 7 of this Form.

 

 

 

 

Item 11: Statement Regarding Basis for Approval of Investment Advisory Contracts.

 

Trustees Approve Advisory Arrangement – Emerging Markets Stock Index Fund

 

A majority of independent trustees of the board of Vanguard Emerging Markets Stock Index Fund (Trustees) has approved a restructuring of the fund’s management structure whereby the Vanguard Group, Inc. (Vanguard) will now provide investment advisory services to the fund through its subsidiary, Vanguard Capital Management LLC (VCM). The trustees determined that approving the advisory arrangements was in the best interests of the fund and its shareholders.

 

The Trustees based their decision upon an evaluation of VCM’s investment staff, portfolio management process, and performance. This evaluation included information provided by Vanguard’s Oversight and Manager Search team, which is responsible for fund and advisor oversight and product management. The Trustees considered the factors discussed below, among others. However, no single factor determined whether to approve the arrangement. Rather, it was the totality of the circumstances that drove the Trustee’s decisions.

 

Nature, extent, and quality of services

 

The Trustees considered the quality of the investment management services to be provided to the fund and took into account the organizational depth and stability of Vanguard and VCM. The Trustees considered that Vanguard has been managing investments for more than four decades. The Global Equity Index Management team (GE), now within VCM, adheres to the same sound, disciplined investment management process and has considerable experience, stability and depth. GE has specific expertise and experience managing large, broad-market U.S. equity index strategies, seeking to minimize transaction costs and tracking error while opportunistically adding excess returns through sophisticated trading and superior access to corporate actions. Additionally, GE has significant resources and expertise in global and non-U.S. trading and currency hedging capabilities.

 

The Trustees concluded that VCM’s experience, stability, depth, and performance, among other factors, warranted approval of the advisory arrangement.

 

Investment performance

 

The Trustees determined that VCM’s Global Equity Index Management team, in its management of Vanguard funds, including the fund, has a track record of consistent performance and disciplined investment processes. The Trustees concluded the performance was such that the advisory arrangement warranted approval.

 

Cost

 

The Trustees concluded that the fund’s expense ratio will remain below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses will also continue to be below the peer-group average.

 

 

 

 

The Trustees do not conduct a profitability analysis of Vanguard in providing investment advisory services through VCM because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.

 

The benefit of economies of scale

 

The Trustees concluded that the fund’s arrangement with Vanguard, and services rendered through VCM, ensure that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.

 

The Trustees will consider whether to renew the advisory arrangement again after a one-year period.

 

 

 

 

Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 13: Portfolio Managers of Closed-End Management Investment Companies.

 

Not applicable.

 

Item 14: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not applicable.

 

Item 15: Submission of Matters to a Vote of Security Holders.

 

Not applicable.

 

Item 16: Controls and Procedures.

 

(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

(b) Internal Control Over Financial Reporting. There were no changes in the Registrant’s Internal Control Over Financial Reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 18: Recovery of Erroneously Awarded Compensation

 

Not applicable.

 

Item 19: Exhibits.

 

(a)(1) Not applicable.
(a)(2) Certifications filed herewith.
(a)(2) Certifications filed herewith.

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

   
  VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
   
BY: /s/ SALIM RAMJI*  
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: June 23, 2026

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

  VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
   
BY: /s/ SALIM RAMJI*  
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: June 23, 2026

 

  VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
   
BY: /s/ CHRISTINE BUCHANAN*  
  CHRISTINE BUCHANAN  
  CHIEF FINANCIAL OFFICER  

 

Date: June 23, 2026

 

* By: /s/ Natalie Lamarque  

 

Natalie Lamarque, pursuant to a Power of Attorney filed on December 19, 2025 (see File Number 33-49023), and to a Power of Attorney filed on February 27, 2026 (see File Number 333-177613), Incorporated by Reference.

 

 

 

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