| Number of Shares | Value | |
| COMMON STOCKS — 99.5% | ||
| ARGENTINA — 4.8% | ||
| 23,522 | Grupo Financiero Galicia S.A. - ADR | $1,170,690 |
| 35,535 | YPF S.A. - ADR * | 1,867,009 |
| 3,037,699 | ||
| CHINA — 15.1% | ||
| 31,980 | Contemporary Amperex Technology Co., Ltd. - Class A | 1,874,805 |
| 868,110 | Lenovo Group Ltd. | 2,654,851 |
| 21,000 | NAURA Technology Group Co., Ltd. - Class A | 2,133,437 |
| 45,920 | Tencent Holdings Ltd. | 2,805,849 |
| 9,468,942 | ||
| GREECE — 4.4% | ||
| 528,834 | Eurobank S.A. | 2,732,716 |
| INDIA — 9.6% | ||
| 205,970 | 360 ONE WAM Ltd. | 2,447,410 |
| 58,430 | Bharti Airtel Ltd. | 1,207,124 |
| 730,240 | JSW Infrastructure Ltd. | 2,389,574 |
| 6,044,108 | ||
| MEXICO — 4.6% | ||
| 241,905 | Grupo Mexico S.A.B. de C.V. | 2,901,268 |
| PHILIPPINES — 2.9% | ||
| 114,130 | International Container Terminal Services, Inc. | 1,792,246 |
| POLAND — 2.4% | ||
| 124,938 | Allegro.eu S.A. *,1 | 1,505,005 |
| SINGAPORE — 4.0% | ||
| 23,472 | Sea Ltd. - ADR * | 2,505,401 |
| SOUTH KOREA — 20.1% | ||
| 32,810 | Hanwha Ocean Co., Ltd. * | 1,942,359 |
| 2,980 | HD Hyundai Electric Co., Ltd. | 1,378,039 |
| 16,160 | Samsung Electronics Co., Ltd. | 2,812,726 |
| 3,274 | SK hynix, Inc. | 3,718,137 |
| 3,950 | SK Square Co., Ltd. | 2,716,073 |
| 12,567,334 | ||
| TAIWAN — 26.9% | ||
| 44,240 | Accton Technology Corp. | 2,867,504 |
| 51,140 | Delta Electronics, Inc. | 2,515,966 |
| 19,430 | Elite Material Co., Ltd. | 2,789,229 |
| 116,890 | Taiwan Semiconductor Manufacturing Co., Ltd. | 8,645,801 |
| 16,818,500 |
| Number of Shares | Value | |
| COMMON STOCKS (Continued) | ||
| URUGUAY — 4.7% | ||
| 1,573 | MercadoLibre, Inc. * | $2,954,015 |
| Total Common Stocks | ||
| (Cost $57,425,384) | 62,327,234 |
| Principal Amount | ||
| SHORT-TERM INVESTMENTS — 1.8% | ||
| $1,116,654 | MSILF Treasury Port - Advisory, 3.24%2 | 1,116,654 |
| Total Short-Term Investments | ||
| (Cost $1,116,654) | 1,116,654 | |
| TOTAL INVESTMENTS — 101.3% | ||
| (Cost $58,542,038) | 63,443,888 | |
| Liabilities in Excess of Other Assets — (1.3)% | (844,353) | |
| TOTAL NET ASSETS — 100.0% | $62,599,535 |
| ADR – American Depository Receipt |
| *Non-income producing security. |
| 1Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $1,505,005, which represents 2.40% of total net assets of the Fund. |
| 2The rate is the annualized seven-day yield at period end. |