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dggif:SKSquareMember 2026-05-31 0000875610 dggif:C000171463Member dggif:TaiwanSemiconductorManufacturingMember 2026-05-31 0000875610 dggif:C000171463Member dggif:TencentHoldingsMember 2026-05-31 0000875610 dggif:C000171463Member country:TR 2026-05-31 0000875610 dggif:C000171463Member country:TW 2026-05-31 0000875610 dggif:C000171463Member oef:UtilitiesSectorMember 2026-05-31 iso4217:USD pure dggif:Holding 0000875610 false N-1A N-CSRS semi-annual shareholder report semi-annual shareholder report DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report 2026-05-31 Nomura Emerging Markets Fund Class A DEMAX This <span class="sec-hidden" style="-sec-ix-hidden: t_2_9e424f83_1fa9_4176_b2f0_7bd1c12b9430;" title="element: B30%, context: 0%">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2025,</span> to May 31, 2026. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span> nomuraassetmanagement.com/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>114</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.41<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 114 0.0141 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>14,436,616,052</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">108</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>51,718,214</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">1<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 14436616052 108 51718214 0.01 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">China</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Peru</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Indonesia</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">44.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">34.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*<span style="white-space: nowrap;"> </span>  Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.<br/>**<span style="white-space: nowrap;"> </span>  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly.</div> 0.6307 0.1729 0.0509 0.0460 0.0257 0.0185 0.0046 0.0044 0.0035 0.0035 0.4452 0.3424 0.0378 0.0357 0.0303 0.0289 0.0179 0.0151 0.0101 0.0025 0.0021 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> ** Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. 0.2950 0.1855 0.1328 0.0758 0.0401 0.0372 0.0202 0.0174 0.0110 0.0101 Nomura Emerging Markets Fund Class C DEMCX This <span class="sec-hidden" style="-sec-ix-hidden: t_8_08f78dcc_abef_46ae_b095_4b79ed21b7f0;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2025,</span> to May 31, 2026. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span> nomuraassetmanagement.com/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>174</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">2.16<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 174 0.0216 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>14,436,616,052</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">108</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>51,718,214</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">1<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 14436616052 108 51718214 0.01 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">China</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Peru</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Indonesia</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">44.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">34.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*<span style="white-space: nowrap;"> </span>  Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.<br/>**<span style="white-space: nowrap;"> </span>  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly.</div> 0.6307 0.1729 0.0509 0.0460 0.0257 0.0185 0.0046 0.0044 0.0035 0.0035 0.4452 0.3424 0.0378 0.0357 0.0303 0.0289 0.0179 0.0151 0.0101 0.0025 0.0021 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> ** Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. 0.2950 0.1855 0.1328 0.0758 0.0401 0.0372 0.0202 0.0174 0.0110 0.0101 Nomura Emerging Markets Fund Class R DEMRX This <span class="sec-hidden" style="-sec-ix-hidden: t_25_7c6de5ab_5bb8_27aa_7508_f276ac97ca99;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2025,</span> to May 31, 2026. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span> nomuraassetmanagement.com/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>134</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.66<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 134 0.0166 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>14,436,616,052</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">108</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>51,718,214</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">1<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 14436616052 108 51718214 0.01 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">China</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Peru</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Indonesia</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">44.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">34.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*  <span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.<br/>** <span style="white-space: nowrap;"> </span> Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly.</div> 0.6307 0.1729 0.0509 0.0460 0.0257 0.0185 0.0046 0.0044 0.0035 0.0035 0.4452 0.3424 0.0378 0.0357 0.0303 0.0289 0.0179 0.0151 0.0101 0.0025 0.0021 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> **Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. 0.2950 0.1855 0.1328 0.0758 0.0401 0.0372 0.0202 0.0174 0.0110 0.0101 Nomura Emerging Markets Fund Institutional Class DEMIX This <span class="sec-hidden" style="-sec-ix-hidden: t_32_66fe134f_6888_1990_a32c_16cee04e431e;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2025,</span> to May 31, 2026. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span> nomuraassetmanagement.com/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>94</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.16<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 94 0.0116 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>14,436,616,052</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">108</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>51,718,214</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">1<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 14436616052 108 51718214 0.01 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">China</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Peru</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Indonesia</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">44.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">34.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* <span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.<br/>** <span style="white-space: nowrap;"> </span> Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly.</div> 0.6307 0.1729 0.0509 0.0460 0.0257 0.0185 0.0046 0.0044 0.0035 0.0035 0.4452 0.3424 0.0378 0.0357 0.0303 0.0289 0.0179 0.0151 0.0101 0.0025 0.0021 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> ** Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. 0.2950 0.1855 0.1328 0.0758 0.0401 0.0372 0.0202 0.0174 0.0110 0.0101 Nomura Emerging Markets Fund Class R6 DEMZX This <span class="sec-hidden" style="-sec-ix-hidden: t_34_e29ee6f3_ac9c_1696_182b_c3f1b738889d;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2025,</span> to May 31, 2026. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span> nomuraassetmanagement.com/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R6</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>86</td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.06<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table> 86 0.0106 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2026)</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>14,436,616,052</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">108</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>51,718,214</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">1<span>%</span></td> </tr> </table> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table> 14436616052 108 51718214 0.01 <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">63.07<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">17.29<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">China</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.09<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.85<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.46<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Peru</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Indonesia</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.35<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Information Technology</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">44.52<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">34.24<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.78<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Communication Services</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">3.03<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.89<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.51<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">1.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Real Estate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">0.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.<br/>** <span style="white-space: nowrap;"> </span>  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly.</div> 0.6307 0.1729 0.0509 0.0460 0.0257 0.0185 0.0046 0.0044 0.0035 0.0035 0.4452 0.3424 0.0378 0.0357 0.0303 0.0289 0.0179 0.0151 0.0101 0.0025 0.0021 <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Top 10 equity holdings</div> <table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK Square**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">29.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">SK hynix**</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">18.55<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Taiwan Semiconductor Manufacturing</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">13.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.58<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung C&amp;T</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">MediaTek</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.72<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Reliance Industries</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">2.02<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Alibaba Group Holding ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.74<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Samsung Electronics</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Tencent Holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.01<span>%</span></td> </tr> </table> ** Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. 0.2950 0.1855 0.1328 0.0758 0.0401 0.0372 0.0202 0.0174 0.0110 0.0101 Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. Annualized. Excludes cash and cash equivalents. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. Annualized. Excludes cash and cash equivalents.  Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.  Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. Annualized.  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. Annualized. Excludes cash and cash equivalents. Excludes cash and cash equivalents.  Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.  Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. Annualized. Excludes cash and cash equivalents.