SCHEDULE OF INVESTMENTS

COMMON STOCK — 97.2%

Shares

Value

Argentina — 1.8%

Energy — 1.4%

Vista Energy ADR *

32,724

2,087,791

YPF ADR *

23,796

1,082,004

3,169,795

Financials — 0.4%

Grupo Financiero Galicia ADR

18,141

907,594

Total Argentina

4,077,389

Australia — 1.0%

Materials — 1.0%

Anglogold Ashanti

28,195

2,280,694

Total Australia

2,280,694

Brazil — 9.7%

Consumer Staples — 1.3%

Ambev

895,800

2,817,574

Energy — 2.4%

Petroleo Brasileiro - Petrobras ADR

334,197

5,400,624

Financials — 1.2%

Banco BTG Pactual

248,900

2,613,571

Industrials — 2.9%

Embraer ADR

62,761

4,004,152

WEG

255,300

2,313,802

6,317,954

Materials — 1.9%

Vale ADR, Cl B

282,091

4,242,649

Total Brazil

21,392,372

Chile — 2.2%

Materials — 2.2%

Sociedad Quimica y Minera de Chile ADR

66,457

4,920,476

Total Chile

4,920,476

COMMON STOCK — continued

Shares

Value

China — 21.6%

Communication Services — 3.7%

Kuaishou Technology, Cl B

385,664

2,067,327

Tencent Holdings

109,795

6,059,387

8,126,714

Consumer Discretionary — 5.9%

Alibaba Group Holding

462,103

5,540,465

Alibaba Group Holding ADR

15,895

1,525,602

BYD

424,500

3,933,784

Ningbo Tuopu Group, Cl A

241,400

2,026,760

13,026,611

Industrials — 5.2%

Contemporary Amperex Technology

56,200

5,062,966

Contemporary Amperex Technology, Cl A

105,740

6,146,621

Kanzhun ADR

24,643

317,155

11,526,742

Information Technology — 1.8%

Victory Giant Technology Huizhou *

49,358

2,199,130

Victory Giant Technology Huizhou, Cl A

33,300

1,718,044

3,917,174

Materials — 3.3%

Guangzhou Tinci Materials Technology, Cl A

327,600

2,493,152

Shanghai Putailai New Energy Technology Group

268,235

1,148,280

Wanhua Chemical Group, Cl A

237,400

2,400,492

Zijin Mining Group

314,000

1,110,417

7,152,341

Real Estate — 1.7%

China Overseas Land & Investment

686,500

1,059,647

Country Garden Services Holdings

1,752,856

1,089,028

Longfor Group Holdings

2,133,500

1,633,398

3,782,073

Total China

47,531,655

COMMON STOCK — continued

Shares

Value

Czechia — 0.6%

Industrials — 0.6%

CSG *

93,729

1,368,753

Total Czechia

1,368,753

Ghana — 0.1%

Energy — 0.1%

Tullow Oil *

2,049,784

313,069

Total Ghana

313,069

Greece — 2.2%

Financials — 2.2%

Piraeus Bank

457,454

4,764,499

Total Greece

4,764,499

Hong Kong — 0.5%

Materials — 0.5%

Zijin Gold International

93,464

1,068,208

Total Hong Kong

1,068,208

India — 8.4%

Communication Services — 1.6%

Bharti Airtel

179,589

3,518,013

Financials — 3.3%

ICICI Bank

362,448

5,290,737

SBI Life Insurance

106,908

1,995,451

7,286,188

Industrials — 0.8%

GMR Airports *

1,553,580

1,842,604

Information Technology — 0.9%

Infosys ADR

183,992

1,930,076

Materials — 1.8%

Tata Steel

1,941,633

3,864,413

Total India

18,441,294

COMMON STOCK — continued

Shares

Value

Kazakhstan — 0.6%

Financials — 0.6%

Halyk Savings Bank of Kazakhstan JSC GDR

42,348

1,286,418

Total Kazakhstan

1,286,418

Mexico — 2.3%

Consumer Staples — 1.3%

Wal-Mart de Mexico

931,700

2,733,182

Financials — 1.0%

Grupo Financiero Banorte, Cl O

214,400

2,272,373

Total Mexico

5,005,555

Nigeria — 1.2%

Financials — 1.2%

Guaranty Trust Holding

26,829,125

2,548,767

Total Nigeria

2,548,767

Peru — 2.3%

Financials — 2.3%

Credicorp

13,243

5,159,208

Total Peru

5,159,208

Russia — –%

Energy — –%

Rosneft Oil PJSC * (A)

292,949

—

Total Russia

–

Saudi Arabia — 0.7%

Materials — 0.7%

Saudi Basic Industries

108,527

1,488,733

Total Saudi Arabia

1,488,733

South Africa — 6.5%

Communication Services — 1.9%

MTN Group

297,814

4,145,193

Financials — 2.7%

Capitec Bank Holdings

8,290

2,405,242

COMMON STOCK — continued

Shares

Value

South Africa — (continued)

Financials — (continued)

Standard Bank Group

180,232

3,555,640

5,960,882

Materials — 1.9%

Gold Fields ADR

63,669

2,138,641

Impala Platinum Holdings

203,089

2,132,306

4,270,947

Total South Africa

14,377,022

South Korea — 11.6%

Consumer Discretionary — 2.0%

Kia

50,623

4,572,153

Financials — 1.9%

KB Financial Group

21,704

2,245,654

Shinhan Financial Group

30,660

1,922,371

4,168,025

Information Technology — 7.7%

Samsung Electronics

76,289

16,928,319

Total South Korea

25,668,497

Taiwan — 17.5%

Industrials — 2.3%

Fortune Electric

204,000

5,036,338

Information Technology — 15.2%

Accton Technology

41,000

3,270,249

Alchip Technologies

54,146

7,251,788

ASE Technology Holding

58,000

1,294,360

MediaTek

42,660

5,813,053

Taiwan Semiconductor Manufacturing

152,904

12,062,640

Taiwan Semiconductor Manufacturing ADR

7,867

3,757,043

33,449,133

Total Taiwan

38,485,471

COMMON STOCK — continued

Shares

Value

Turkey — 1.0%

Consumer Staples — 1.0%

BIM Birlesik Magazalar

288,796

2,264,709

Total Turkey

2,264,709

Vietnam — 2.4%

Consumer Staples — 1.1%

Masan Group *

889,900

2,448,976

Financials — 0.5%

VPS Securities JSC *

777,360

980,315

Materials — 0.8%

Hoa Phat Group JSC

2,018,245

1,791,977

Total Vietnam

5,221,268

Zambia — 3.0%

Materials — 3.0%

First Quantum Minerals *

238,429

6,510,477

Total Zambia

6,510,477

TOTAL COMMON STOCK

(Cost $161,131,579)

214,174,534

PREFERRED STOCK — 1.4%

Brazil — 1.4%

Financials — 1.4%

Itau Unibanco Holding (B)

381,312

3,114,766

Total Brazil

3,114,766

TOTAL PREFERRED STOCK

(Cost $1,854,364)

3,114,766

TOTAL INVESTMENTS— 98.6%

(Cost $162,985,943)

217,289,300

SCHEDULE OF INVESTMENTS

COMMON STOCK — 95.4%

Shares

Value

Belgium — 1.6%

Utilities — 1.6%

Elia Group SA/NV, Cl B

23,949

3,815,959

Total Belgium

3,815,959

Brazil — 2.2%

Utilities — 2.2%

Transmissora Alianca de Energia Eletrica S

692,900

5,346,734

Total Brazil

5,346,734

Canada — 9.3%

Utilities — 9.3%

Algonquin Power & Utilities

1,682,011

9,856,584

Boralex, Cl A

149,911

3,909,573

Brookfield Renewable Partners

136,416

4,737,728

Northland Power

279,124

4,395,158

Total Canada

22,899,043

China — 2.6%

Energy — 1.1%

China Suntien Green Energy Corp Ltd

6,762,782

2,675,548

Utilities — 1.5%

China Longyuan Power Group Corp Ltd

4,867,898

3,108,781

Xinyi Energy Holdings Ltd

4,564,780

518,476

3,627,257

Total China

6,302,805

France — 2.9%

Utilities — 2.9%

Engie

223,240

7,030,686

Total France

7,030,686

Germany — 1.0%

Utilities — 1.0%

E.ON SE

122,680

2,524,327

Total Germany

2,524,327

COMMON STOCK — continued

Shares

Value

Greece — 1.9%

Utilities — 1.9%

Holding ADMIE IPTO

887,943

4,720,617

Total Greece

4,720,617

India — 6.0%

Utilities — 6.0%

ReNew Energy Global PLC, Cl A *

2,365,345

14,783,406

Total India

14,783,406

Italy — 8.2%

Utilities — 8.2%

Enel SPA

939,830

10,786,833

ERG SPA

343,395

9,392,513

Total Italy

20,179,346

Japan — 1.9%

Utilities — 1.9%

RENOVA Inc *

774,105

4,724,832

Total Japan

4,724,832

Singapore — 2.6%

Utilities — 2.6%

Sembcorp Industries

1,323,700

6,512,016

Total Singapore

6,512,016

Spain — 9.4%

Utilities — 9.4%

EDP Renovaveis SA

938,431

15,169,115

Iberdrola SA

321,869

8,016,101

Total Spain

23,185,216

Switzerland — 4.0%

Utilities — 4.0%

BKW AG

58,517

9,855,838

Total Switzerland

9,855,838

COMMON STOCK — continued

Shares

Value

United Kingdom — 5.4%

Utilities — 5.4%

Drax Group PLC

565,314

5,707,037

National Grid PLC

465,488

7,682,239

Total United Kingdom

13,389,276

United States — 36.4%

Industrials — 1.9%

Sunrun Inc *

358,616

4,798,282

Utilities — 34.5%

Avista Corp

132,723

5,429,698

Clearway Energy Inc, Cl C

363,244

12,415,680

Constellation Energy Corp

34,463

8,559,575

Dominion Energy Inc

180,296

12,312,414

Exelon Corp

205,148

9,564,000

Fervo Energy, Cl A *

97,130

2,839,110

NextEra Energy Inc

127,065

11,152,495

Ormat Technologies Inc

70,505

7,677,994

PG&E

335,863

5,649,216

Public Service Enterprise Group Inc

113,673

9,225,701

84,825,883

Total United States

89,624,165

TOTAL COMMON STOCK

(Cost $198,127,847)

234,894,266

CLOSED END MUTUAL FUND — 2.0%

Shares

Value

United Kingdom — 2.0%

Equity Fund — 2.0%

Greencoat UK Wind PLC

3,692,407

4,979,143

Total United Kingdom

4,979,143

TOTAL Closed End Mutual Fund

(Cost $5,584,292)

4,979,143

TOTAL INVESTMENTS— 97.4%

(Cost $203,712,139)

239,873,409