| Shares | Value | |
| Common Stocks — 99.8% | ||
| Australia — 4.5% | ||
| 4,388 | Ampol Ltd. | $99,324 |
| 11,088 | Lynas Rare Earths Ltd.* | 139,131 |
| 9,145 | Paladin Energy Ltd.* | 59,647 |
| 4,916 | PLS Group Ltd.* | 17,227 |
| 18,861 | Westgold Resources Ltd. | 62,572 |
| 377,901 | ||
| Austria — 1.1% | ||
| 114 | AT&S Austria Technologie & Systemtechnik AG* | 27,551 |
| 319 | BAWAG Group AG(a) | 63,955 |
| 91,506 | ||
| Belgium — 2.1% | ||
| 13 | Lotus Bakeries NV | 172,423 |
| Canada — 0.9% | ||
| 8,200 | Capstone Copper Corp.* | 75,336 |
| China — 5.4% | ||
| 11,300 | Anhui Yingliu Electromechanical Co. Ltd., Class A | 101,183 |
| 7,600 | Hubei Dinglong Co. Ltd., Class A | 119,365 |
| 11,100 | Neway Valve Suzhou Co. Ltd., Class A | 82,634 |
| 5,800 | Sieyuan Electric Co. Ltd., Class A | 148,459 |
| 451,641 | ||
| Denmark — 0.6% | ||
| 1,228 | ALK-Abello A/S | 45,932 |
| France — 3.8% | ||
| 761 | Exosens SAS | 49,705 |
| 878 | Gaztransport Et Technigaz SA | 186,069 |
| 2,094 | Technip Energies NV | 79,156 |
| 314,930 | ||
| Germany — 4.0% | ||
| 712 | CTS Eventim AG & Co. KGaA | 41,587 |
| 1,918 | Freenet AG | 49,439 |
| 613 | RENK Group AG | 29,590 |
| 15,113 | Tonies SE, Class A* | 218,267 |
| 338,883 | ||
| Greece — 0.6% | ||
| 4,901 | Piraeus Bank SA | 51,014 |
| India — 6.3% | ||
| 23,991 | Aditya Birla Capital Ltd.* | 99,520 |
| Shares | Value | |
| 3,179 | GE Vernova T&D India Ltd. | $166,755 |
| 6,459 | Phoenix Mills Ltd. (The) | 133,204 |
| 23,273 | Varun Beverages Ltd. | 125,121 |
| 524,600 | ||
| Italy — 1.5% | ||
| 1,967 | Lottomatica Group SpA | 54,574 |
| 1,039 | SOL SpA | 69,099 |
| 123,673 | ||
| Ivory Coast — 1.1% | ||
| 1,900 | Endeavour Mining Plc | 95,265 |
| Japan — 24.1% | ||
| 6,000 | Anritsu Corp. | 165,075 |
| 6,200 | Asics Corp. | 168,632 |
| 4,600 | Food & Life Cos. Ltd. | 138,746 |
| 500 | Ibiden Co. Ltd. | 75,491 |
| 6,700 | IHI Corp. | 113,118 |
| 2,200 | Japan Steel Works Ltd. (The) | 105,372 |
| 2,800 | Kokusai Electric Corp. | 192,430 |
| 445 | Mitsui Kinzoku Co. Ltd. | 119,077 |
| 900 | Modec, Inc. | 51,701 |
| 3,500 | Nitto Boseki Co. Ltd. | 94,662 |
| 1,300 | Resonac Holdings Corp. | 144,610 |
| 4,600 | SKY Perfect JSAT Corp. | 76,691 |
| 6,800 | SUMCO Corp. | 172,438 |
| 851 | Taiyo Yuden Co. Ltd. | 108,209 |
| 1,300 | Union Tool Co. | 184,097 |
| 10,300 | Yokohama Financial Group, Inc. | 110,925 |
| 2,021,274 | ||
| Korea — 2.8% | ||
| 74 | Samyang Foods Co. Ltd. | 53,868 |
| 2,530 | VM, Inc.* | 183,985 |
| 237,853 | ||
| Netherlands — 1.7% | ||
| 5,587 | CTP NV(a) | 101,964 |
| 452 | IMCD NV | 40,871 |
| 142,835 | ||
| New Zealand — 1.3% | ||
| 1,380 | Fisher & Paykel Healthcare Corp. Ltd. | 30,656 |
| 9,200 | Infratil Ltd. | 80,704 |
| 111,360 | ||
| Norway — 3.7% | ||
| 2,181 | Aker BP ASA | 66,541 |
| 2,883 | Nordic Semiconductor ASA* | 53,289 |
| Shares | Value | |
| 4,390 | SpareBank 1 SMN | $83,398 |
| 5,507 | Veidekke ASA | 105,557 |
| 308,785 | ||
| Philippines — 3.3% | ||
| 19,150 | International Container Terminal Services, Inc. | 278,655 |
| Portugal — 1.3% | ||
| 24,724 | REN - Redes Energeticas Nacionais SGPS SA | 106,540 |
| Singapore — 1.0% | ||
| 10,100 | AEM Holdings Ltd. | 83,626 |
| Spain — 3.8% | ||
| 3,975 | ATALAYA MINING COPPER SA | 43,158 |
| 3,380 | CIE Automotive SA | 103,068 |
| 8,096 | Merlin Properties Socimi SA, REIT | 142,054 |
| 1,397 | Solaria Energia y Medio Ambiente SA* | 31,760 |
| 320,040 | ||
| Sweden — 1.5% | ||
| 10,037 | Asker Healthcare Group AB | 81,516 |
| 289 | Camurus AB* | 16,852 |
| 2,167 | Sweco AB, Class B | 28,433 |
| 126,801 | ||
| Switzerland — 0.4% | ||
| 214 | Sulzer AG | 35,530 |
| Taiwan — 8.7% | ||
| 319 | ASPEED Technology, Inc. | 168,323 |
| 1,859 | Chroma ATE, Inc. | 129,188 |
| 1,821 | Lotes Co. Ltd. | 122,818 |
| 15,879 | Pan Jit International, Inc. | 92,639 |
| 507 | Universal Microwave Technology, Inc. | 21,844 |
| 9,641 | Zhen Ding Technology Holding Ltd. | 194,196 |
| 729,008 | ||
| Thailand — 3.0% | ||
| 30,100 | Central Pattana Public Co. Ltd. - FOR | 60,993 |
| 340 | Fabrinet* | 191,107 |
| 252,100 | ||
| United Kingdom — 11.3% | ||
| 10,623 | Beazley Plc | 181,285 |
| 11,388 | Ceres Power Holdings Plc* | 77,241 |
| 2,590 | Cranswick Plc | 188,747 |
| 661 | Diploma Plc | 62,479 |
| Shares | Value | |
| 9,731 | Howden Joinery Group Plc | $108,179 |
| 16,073 | OSB Group Plc | 110,633 |
| 25,169 | SigmaRoc Plc* | 42,713 |
| 2,094 | Softcat Plc | 50,995 |
| 14,787 | Volution Group Plc | 120,076 |
| 942,348 | ||
| Total Common Stocks | 8,359,859 | |
| (Cost $6,350,109) | ||
| Investment Company — 1.6% | ||
| 132,534 | RBC BlueBay U.S. Government Money Market Fund, Institutional Class 1 (b) | 132,534 |
| Total Investment Company | 132,534 | |
| (Cost $132,534) | ||
| Total Investments | $8,492,393 | |
| (Cost $6,482,643) — 101.4% | ||
| Liabilities in excess of other assets — (1.4)% | (115,405) | |
| NET ASSETS — 100.0% | $8,376,988 | |
| (a) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (b) | Affiliated investment. |
| * | Non-income producing security. |
| Abbreviations used are defined below: |
| FOR - Foreign Ownership Receipt |
| REIT - Real Estate Investment Trust |