Quarterly Holdings Report
for
Fidelity ZERO® International Index Fund
July 31, 2026
IID-NPRT3-0926
1.9891457.107
Common Stocks - 97.2%
 
 
Shares
Value ($)
 
ARGENTINA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Vista Energy SAB de CV ADR (b)
 
21,602
1,521,861
AUSTRALIA - 4.6%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telstra Group Ltd
 
1,196,449
4,223,913
Interactive Media & Services - 0.0%
 
 
 
CAR Group Ltd
 
114,533
2,091,245
REA Group Ltd
 
15,205
1,717,169
SEEK Ltd
 
107,270
1,106,779
 
 
 
4,915,193
TOTAL COMMUNICATION SERVICES
 
 
9,139,106
Consumer Discretionary - 0.3%
 
 
 
Broadline Retail - 0.2%
 
 
 
Wesfarmers Ltd
 
345,876
21,664,061
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Aristocrat Leisure Ltd
 
183,929
8,266,702
Lottery Corp/The
 
681,958
2,671,903
 
 
 
10,938,605
Specialty Retail - 0.0%
 
 
 
JB Hi-Fi Ltd
 
33,272
1,914,042
TOTAL CONSUMER DISCRETIONARY
 
 
34,516,708
Consumer Staples - 0.2%
 
 
 
Beverages - 0.0%
 
 
 
Treasury Wine Estates Ltd (e)
 
243,782
843,136
Consumer Staples Distribution & Retail - 0.2%
 
 
 
Coles Group Ltd
 
409,673
6,920,599
Endeavour Group Ltd/Australia (e)
 
470,636
1,148,693
Metcash Ltd
 
333,551
712,199
Woolworths Group Ltd
 
372,284
10,388,822
 
 
 
19,170,313
TOTAL CONSUMER STAPLES
 
 
20,013,449
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Ampol Ltd
 
72,706
2,051,339
Santos Ltd
 
991,403
5,506,004
Whitehaven Coal Ltd
 
251,473
1,241,912
Woodside Energy Group Ltd
 
579,587
13,565,201
TOTAL ENERGY
 
 
22,364,456
Financials - 1.6%
 
 
 
Banks - 1.2%
 
 
 
ANZ Group Holdings Ltd
 
918,542
24,006,170
Bank of Queensland Ltd
 
200,244
932,709
Bendigo & Adelaide Bank Ltd
 
174,286
1,401,150
Commonwealth Bank of Australia
 
509,934
63,744,213
National Australia Bank Ltd
 
934,873
27,070,147
Westpac Banking Corp
 
1,042,273
27,638,246
 
 
 
144,792,635
Capital Markets - 0.2%
 
 
 
ASX Ltd
 
59,673
2,301,810
HUB24 Ltd
 
25,066
1,492,575
Macquarie Group Ltd
 
107,947
19,162,627
Magellan Financial Group Ltd warrants 4/16/2027 (b)
 
1,938
16
 
 
 
22,957,028
Financial Services - 0.0%
 
 
 
AMP Ltd
 
776,589
1,170,148
Challenger Ltd
 
165,652
1,138,351
Washington H Soul Pattinson & Co Ltd
 
109,590
3,556,727
 
 
 
5,865,226
Insurance - 0.2%
 
 
 
Insurance Australia Group Ltd
 
717,751
4,276,499
Medibank Pvt Ltd
 
842,118
3,052,460
QBE Insurance Group Ltd
 
455,488
7,900,332
Steadfast Group Ltd
 
341,063
1,218,874
Suncorp Group Ltd
 
330,711
4,449,635
 
 
 
20,897,800
TOTAL FINANCIALS
 
 
194,512,689
Health Care - 0.2%
 
 
 
Biotechnology - 0.1%
 
 
 
CSL Ltd
 
147,933
12,790,325
Telix Pharmaceuticals Ltd (b)(e)
 
89,507
889,322
 
 
 
13,679,647
Health Care Equipment & Supplies - 0.0%
 
 
 
Ansell Ltd
 
43,281
993,982
Cochlear Ltd
 
19,729
1,653,458
 
 
 
2,647,440
Health Care Providers & Services - 0.1%
 
 
 
EBOS Group Ltd
 
62,005
803,876
Ramsay Health Care Ltd
 
57,904
1,799,528
Sigma Healthcare Ltd
 
1,759,079
3,627,215
Sonic Healthcare Ltd
 
149,235
2,283,967
 
 
 
8,514,586
Health Care Technology - 0.0%
 
 
 
Pro Medicus Ltd
 
16,934
1,926,393
TOTAL HEALTH CARE
 
 
26,768,066
Industrials - 0.3%
 
 
 
Commercial Services & Supplies - 0.1%
 
 
 
Brambles Ltd
 
410,750
5,638,655
Cleanaway Waste Management Ltd
 
694,528
1,140,551
 
 
 
6,779,206
Construction & Engineering - 0.0%
 
 
 
Worley Ltd
 
139,923
1,038,569
Ground Transportation - 0.0%
 
 
 
Aurizon Holdings Ltd
 
509,443
1,498,151
Passenger Airlines - 0.0%
 
 
 
Qantas Airways Ltd
 
223,667
1,556,502
Professional Services - 0.1%
 
 
 
ALS Ltd
 
153,384
2,315,061
Computershare Ltd
 
165,870
4,765,958
 
 
 
7,081,019
Trading Companies & Distributors - 0.0%
 
 
 
Reece Ltd (e)
 
68,894
773,545
SGH Ltd
 
60,947
1,884,831
 
 
 
2,658,376
Transportation Infrastructure - 0.1%
 
 
 
Atlas Arteria Ltd unit
 
209,190
738,794
Qube Holdings Ltd
 
522,303
1,764,089
Transurban Group unit
 
950,700
9,872,791
 
 
 
12,375,674
TOTAL INDUSTRIALS
 
 
32,987,497
Information Technology - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
NEXTDC Ltd (b)(e)
 
232,759
2,189,239
Software - 0.1%
 
 
 
IREN Ltd (b)(e)
 
103,549
3,810,603
Technology One Ltd
 
92,061
2,007,908
WiseTech Global Ltd
 
63,946
1,648,204
 
 
 
7,466,715
TOTAL INFORMATION TECHNOLOGY
 
 
9,655,954
Materials - 1.5%
 
 
 
Chemicals - 0.0%
 
 
 
Dyno Nobel Ltd
 
493,833
1,307,135
Orica Ltd
 
140,060
2,287,968
 
 
 
3,595,103
Metals & Mining - 1.5%
 
 
 
BHP Group Ltd
 
1,548,175
65,256,441
BlueScope Steel Ltd
 
133,726
3,067,175
Capricorn Metals Ltd
 
137,944
1,222,798
Evolution Mining Ltd
 
620,071
4,916,746
Fortescue Ltd
 
506,783
6,576,147
Genesis Minerals Ltd (b)(e)
 
348,826
1,397,394
Glencore PLC
 
2,895,601
21,327,111
IGO Ltd (b)
 
209,701
1,009,253
Lynas Rare Earths Ltd (b)
 
282,562
2,773,281
Mineral Resources Ltd (b)
 
53,077
2,157,159
Northern Star Resources Ltd
 
436,020
6,042,719
OceanaGold Corp
 
68,459
1,650,615
Perseus Mining Ltd
 
410,582
1,405,535
PLS Group Ltd (b)(e)
 
933,832
2,713,369
Ramelius Resources Ltd
 
573,875
1,234,195
Regis Resources Ltd
 
225,238
965,191
Rio Tinto Ltd
 
113,268
13,499,479
Rio Tinto PLC
 
324,980
31,578,196
Sandfire Resources Ltd (b)
 
143,209
1,895,712
South32 Ltd
 
1,370,254
4,368,512
Westgold Resources Ltd
 
281,850
939,509
 
 
 
175,996,537
TOTAL MATERIALS
 
 
179,591,640
Real Estate - 0.2%
 
 
 
Diversified REITs - 0.1%
 
 
 
Charter Hall Group unit
 
143,394
2,344,731
GPT Group/The unit
 
579,168
2,086,095
Mirvac Group unit
 
1,182,082
1,482,534
Stockland unit (e)
 
736,935
2,205,921
 
 
 
8,119,281
Industrial REITs - 0.1%
 
 
 
Goodman Group unit
 
623,730
12,985,394
Office REITs - 0.0%
 
 
 
Dexus unit
 
332,886
1,397,998
Retail REITs - 0.0%
 
 
 
Scentre Group unit
 
1,597,126
4,384,935
Vicinity Ltd unit
 
1,191,175
2,238,630
 
 
 
6,623,565
TOTAL REAL ESTATE
 
 
29,126,238
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Origin Energy Ltd
 
526,350
3,971,007
Gas Utilities - 0.0%
 
 
 
Apa Group unit
 
403,900
2,889,263
Multi-Utilities - 0.0%
 
 
 
AGL Energy Ltd
 
184,450
1,073,283
TOTAL UTILITIES
 
 
7,933,553
TOTAL AUSTRALIA
 
 
566,609,356
AUSTRIA - 0.3%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
OMV AG
 
44,039
3,206,983
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
BAWAG Group AG (c)(d)
 
23,523
4,752,396
Erste Group Bank AG
 
97,675
12,705,107
Raiffeisen Bank International AG
 
39,186
2,684,128
 
 
 
20,141,631
Insurance - 0.0%
 
 
 
UNIQA Insurance Group AG
 
36,420
755,959
Vienna Insurance Group AG Wiener Versicherung Gruppe
 
10,721
876,531
 
 
 
1,632,490
TOTAL FINANCIALS
 
 
21,774,121
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
DO & Co AG
 
2,134
497,086
Machinery - 0.0%
 
 
 
ANDRITZ AG
 
22,066
2,066,167
TOTAL INDUSTRIALS
 
 
2,563,253
Materials - 0.0%
 
 
 
Construction Materials - 0.0%
 
 
 
Wienerberger AG (e)
 
33,075
810,866
Metals & Mining - 0.0%
 
 
 
voestalpine AG
 
31,898
1,654,507
Paper & Forest Products - 0.0%
 
 
 
Mondi PLC
 
136,298
1,638,932
TOTAL MATERIALS
 
 
4,104,305
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
CPI Europe AG (b)(f)
 
7,756
0
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Verbund AG Class A
 
25,257
1,734,400
TOTAL AUSTRIA
 
 
33,383,062
BELGIUM - 0.6%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Distributors - 0.0%
 
 
 
D'ieteren Group
 
6,289
1,301,037
Consumer Staples - 0.3%
 
 
 
Beverages - 0.3%
 
 
 
Anheuser-Busch InBev SA/NV
 
301,007
26,143,659
Food Products - 0.0%
 
 
 
Lotus Bakeries NV
 
124
1,592,915
TOTAL CONSUMER STAPLES
 
 
27,736,574
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
KBC Group NV
 
76,325
10,970,967
Financial Services - 0.0%
 
 
 
Groupe Bruxelles Lambert NV
 
22,532
2,030,554
Sofina SA
 
4,648
1,317,449
 
 
 
3,348,003
Insurance - 0.0%
 
 
 
Ageas SA/NV
 
43,559
3,611,541
TOTAL FINANCIALS
 
 
17,930,511
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Financiere de Tubize SA
 
5,811
1,299,985
UCB SA
 
36,760
9,448,685
TOTAL HEALTH CARE
 
 
10,748,670
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Ackermans & van Haaren NV
 
6,629
2,057,827
Electrical Equipment - 0.0%
 
 
 
Cenergy Holdings SA (Greece)
 
18,086
446,733
TOTAL INDUSTRIALS
 
 
2,504,560
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Solvay SA Class A
 
21,947
672,185
Syensqo SA
 
21,159
1,875,102
Umicore SA
 
69,500
1,731,109
TOTAL MATERIALS
 
 
4,278,396
Real Estate - 0.0%
 
 
 
Health Care REITs - 0.0%
 
 
 
Aedifica SA
 
25,688
2,080,954
Industrial REITs - 0.0%
 
 
 
Warehouses De Pauw CVA
 
58,050
1,494,109
TOTAL REAL ESTATE
 
 
3,575,063
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Elia Group SA/NV
 
15,227
2,189,609
TOTAL BELGIUM
 
 
70,264,420
BRAZIL - 1.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telefonica Brasil SA
 
223,500
1,438,664
Wireless Telecommunication Services - 0.0%
 
 
 
TIM SA/Brazil
 
236,400
906,119
TOTAL COMMUNICATION SERVICES
 
 
2,344,783
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Cosan SA (b)
 
530,100
425,614
Lojas Renner SA
 
304,724
817,543
Ultrapar Participacoes SA
 
207,400
1,352,213
Vibra Energia SA
 
279,810
1,989,910
TOTAL CONSUMER DISCRETIONARY
 
 
4,585,280
Consumer Staples - 0.1%
 
 
 
Beverages - 0.1%
 
 
 
Ambev SA
 
1,296,800
4,090,593
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Raia Drogasil SA
 
403,157
1,469,742
Sendas Distribuidora S/A
 
410,200
687,827
 
 
 
2,157,569
Food Products - 0.0%
 
 
 
MBRF Global Foods Co SA
 
220,400
762,616
Personal Care Products - 0.0%
 
 
 
Natura Cosmeticos SA (b)
 
242,088
400,205
TOTAL CONSUMER STAPLES
 
 
7,410,983
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Petroleo Brasileiro SA - Petrobras
 
1,110,000
10,738,368
Petroleo Brasileiro SA - Petrobras (PN)
 
1,371,800
11,750,206
PRIO SA/Brazil (b)
 
242,900
2,915,768
TOTAL ENERGY
 
 
25,404,342
Financials - 0.6%
 
 
 
Banks - 0.5%
 
 
 
Banco Bradesco SA
 
512,559
1,616,803
Banco Bradesco SA (PN)
 
1,561,679
5,677,825
Banco do Brasil SA
 
876,300
3,690,758
Itau Unibanco Holding SA
 
1,648,281
13,946,080
Itausa SA
 
1,778,459
4,848,604
NU Holdings Ltd/Cayman Islands Class A (b)
 
1,170,727
16,776,519
 
 
 
46,556,589
Capital Markets - 0.1%
 
 
 
B3 SA - Brasil Bolsa Balcao
 
1,542,800
4,787,439
Banco BTG Pactual SA unit
 
331,500
3,714,469
XP Inc depository receipt
 
117,691
2,009,672
 
 
 
10,511,580
Financial Services - 0.0%
 
 
 
Pagseguro Digital Ltd Class A
 
48,523
467,761
StoneCo Ltd Class A
 
69,364
789,016
 
 
 
1,256,777
Insurance - 0.0%
 
 
 
BB Seguridade Participacoes SA
 
182,900
1,488,702
Caixa Seguridade Participacoes S/A
 
182,400
728,643
 
 
 
2,217,345
TOTAL FINANCIALS
 
 
60,542,291
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Rede D'Or Sao Luiz SA (c)(d)
 
306,405
2,093,817
Pharmaceuticals - 0.0%
 
 
 
Hypera SA
 
128,526
539,291
TOTAL HEALTH CARE
 
 
2,633,108
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Embraer SA
 
212,600
3,644,164
Electrical Equipment - 0.1%
 
 
 
WEG SA
 
448,600
4,177,016
Ground Transportation - 0.0%
 
 
 
Localiza Rent a Car SA
 
266,931
1,980,465
Rumo SA
 
360,500
1,026,922
 
 
 
3,007,387
Transportation Infrastructure - 0.0%
 
 
 
Motiva Infraestrutura de Mobilidade SA
 
301,200
877,013
TOTAL INDUSTRIALS
 
 
11,705,580
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
TOTVS SA
 
152,000
931,343
Materials - 0.3%
 
 
 
Chemicals - 0.0%
 
 
 
Yara International ASA
 
49,209
2,319,352
Containers & Packaging - 0.0%
 
 
 
Klabin SA unit
 
297,919
1,072,571
Metals & Mining - 0.3%
 
 
 
Gerdau SA
 
388,100
1,912,497
Vale SA
 
1,068,243
16,074,801
Wheaton Precious Metals Corp
 
138,535
15,068,529
 
 
 
33,055,827
Paper & Forest Products - 0.0%
 
 
 
Suzano SA
 
204,953
1,751,490
TOTAL MATERIALS
 
 
38,199,240
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Allos SA
 
109,800
586,781
Multiplan Empreendimentos Imobiliarios SA
 
85,000
471,687
TOTAL REAL ESTATE
 
 
1,058,468
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Axia Energia SA
 
339,062
3,532,990
Axia Energia SA Series C
 
92,763
951,758
Cia Energetica de Minas Gerais
 
573,454
1,282,852
Cia Paranaense de Energia - Copel
 
574,900
1,681,893
Energisa S/A unit
 
100,090
983,495
Equatorial SA
 
323,623
2,468,119
Transmissora Alianca de Energia Eletrica S/A unit
 
64,300
503,069
 
 
 
11,404,176
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Eneva SA (b)
 
219,500
1,139,253
Engie Brasil Energia SA
 
104,070
611,796
 
 
 
1,751,049
Water Utilities - 0.0%
 
 
 
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
 
721,504
3,942,606
Cia De Saneamento do Parana Sanepar unit
 
71,800
513,166
 
 
 
4,455,772
TOTAL UTILITIES
 
 
17,610,997
TOTAL BRAZIL
 
 
172,426,415
BURKINA FASO - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
IAMGOLD Corp (b)
 
175,031
2,477,166
CAMEROON - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Golar LNG Ltd
 
31,413
1,543,949
CANADA - 7.6%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BCE Inc
 
94,329
2,046,257
Quebecor Inc Class B
 
45,947
2,126,177
TELUS Corp
 
156,058
1,489,500
 
 
 
5,661,934
Wireless Telecommunication Services - 0.0%
 
 
 
Rogers Communications Inc Class B
 
117,821
3,988,861
TOTAL COMMUNICATION SERVICES
 
 
9,650,795
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Magna International Inc
 
78,061
5,353,486
Broadline Retail - 0.2%
 
 
 
Canadian Tire Corp Ltd Class A
 
15,092
2,202,677
Dollarama Inc
 
82,626
11,255,903
 
 
 
13,458,580
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Restaurant Brands International Inc
 
105,975
7,837,849
Specialty Retail - 0.0%
 
 
 
Aritzia Inc Subordinate Voting Shares (b)
 
29,466
2,935,985
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Gildan Activewear Inc
 
56,045
3,102,395
TOTAL CONSUMER DISCRETIONARY
 
 
32,688,295
Consumer Staples - 0.3%
 
 
 
Consumer Staples Distribution & Retail - 0.3%
 
 
 
Alimentation Couche-Tard Inc
 
226,668
14,715,594
Empire Co Ltd Class A
 
38,096
1,394,376
George Weston Ltd
 
47,196
3,527,285
Loblaw Cos Ltd
 
170,037
7,982,405
Metro Inc/CN
 
58,403
3,882,007
 
 
 
31,501,667
Food Products - 0.0%
 
 
 
Saputo Inc
 
73,682
2,072,462
TOTAL CONSUMER STAPLES
 
 
33,574,129
Energy - 1.4%
 
 
 
Oil, Gas & Consumable Fuels - 1.4%
 
 
 
ARC Resources Ltd
 
172,734
4,131,520
Cameco Corp
 
132,818
11,462,226
Canadian Natural Resources Ltd
 
635,781
30,286,732
Cenovus Energy Inc
 
411,595
12,410,829
Enbridge Inc
 
665,249
36,198,734
Imperial Oil Ltd
 
45,768
5,933,826
Keyera Corp
 
86,314
3,667,198
NexGen Energy Ltd (b)
 
200,260
1,831,389
Pembina Pipeline Corp
 
177,356
8,671,384
South Bow Corp
 
62,936
2,333,640
Suncor Energy Inc
 
359,913
24,169,640
TC Energy Corp
 
317,430
21,375,605
Tourmaline Oil Corp
 
112,771
4,980,314
Whitecap Resources Inc
 
371,458
4,382,719
TOTAL ENERGY
 
 
171,835,756
Financials - 3.2%
 
 
 
Banks - 2.3%
 
 
 
Bank of Montreal
 
213,462
38,291,750
Bank of Nova Scotia/The
 
374,308
32,834,222
Canadian Imperial Bank of Commerce
 
280,370
33,208,000
National Bank of Canada
 
117,440
18,995,984
Royal Bank of Canada
 
425,714
89,102,790
Toronto Dominion Bank
 
509,032
61,017,753
 
 
 
273,450,499
Capital Markets - 0.3%
 
 
 
Brookfield Asset Management Ltd Class A
 
115,021
5,563,772
Brookfield Corp Class A
 
651,053
27,670,391
Onex Corp Subordinate Voting Shares
 
17,894
1,370,148
TMX Group Ltd
 
84,448
3,086,718
 
 
 
37,691,029
Insurance - 0.6%
 
 
 
Fairfax Financial Holdings Ltd Subordinate Voting Shares
 
6,059
10,146,496
Great-West Lifeco Inc
 
79,680
5,282,633
iA Financial Corp Inc
 
27,313
4,038,353
Intact Financial Corp
 
53,892
10,581,569
Manulife Financial Corp
 
508,364
22,577,839
Power Corp of Canada Subordinate Voting Shares
 
161,408
11,030,343
Sun Life Financial Inc
 
168,765
14,002,253
 
 
 
77,659,486
TOTAL FINANCIALS
 
 
388,801,014
Industrials - 0.7%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bombardier Inc Class B (b)
 
26,849
6,468,582
CAE Inc (b)
 
97,099
2,504,618
 
 
 
8,973,200
Commercial Services & Supplies - 0.0%
 
 
 
Element Fleet Management Corp
 
121,526
2,727,259
Construction & Engineering - 0.1%
 
 
 
AtkinsRealis Group Inc
 
49,724
3,082,012
Stantec Inc
 
34,962
2,467,304
WSP Global Inc
 
41,162
5,028,938
 
 
 
10,578,254
Ground Transportation - 0.4%
 
 
 
Canadian National Railway Co
 
164,782
20,952,592
Canadian Pacific Kansas City Ltd
 
270,538
24,030,668
TFI International Inc
 
23,619
3,190,928
 
 
 
48,174,188
Passenger Airlines - 0.0%
 
 
 
Air Canada (b)
 
84,449
1,528,317
Professional Services - 0.0%
 
 
 
Thomson Reuters Corp
 
39,966
3,920,622
Trading Companies & Distributors - 0.1%
 
 
 
Finning International Inc
 
39,851
2,640,909
Toromont Industries Ltd
 
24,860
3,739,507
 
 
 
6,380,416
TOTAL INDUSTRIALS
 
 
82,282,256
Information Technology - 0.6%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Celestica Inc (b)
 
35,054
11,599,314
IT Services - 0.4%
 
 
 
CGI Inc Class A
 
57,302
4,194,285
Shopify Inc Class A (b)
 
371,759
43,539,176
 
 
 
47,733,461
Software - 0.1%
 
 
 
Constellation Software Inc/Canada
 
6,075
13,013,635
Constellation Software Inc/Canada warrants 3/31/2040 (b)(f)
 
2,626
0
Descartes Systems Group Inc/The (b)
 
26,196
1,967,340
Open Text Corp
 
72,853
1,846,984
 
 
 
16,827,959
TOTAL INFORMATION TECHNOLOGY
 
 
76,160,734
Materials - 0.9%
 
 
 
Chemicals - 0.1%
 
 
 
Nutrien Ltd
 
146,639
10,121,475
Containers & Packaging - 0.0%
 
 
 
CCL Industries Inc Class B
 
43,289
2,870,288
Metals & Mining - 0.8%
 
 
 
Agnico Eagle Mines Ltd/CA
 
155,091
22,516,047
Alamos Gold Inc Class A
 
128,383
3,568,001
B2Gold Corp
 
406,343
1,521,774
Barrick Mining Corp
 
510,778
18,746,320
DPM Metals Inc
 
67,008
2,355,569
Equinox Gold Corp
 
237,858
2,131,110
First Majestic Silver Corp
 
141,741
2,130,368
Franco-Nevada Corp
 
58,827
12,515,294
Hudbay Minerals Inc
 
135,348
3,071,241
Kinross Gold Corp
 
364,243
8,397,713
Lundin Gold Inc
 
30,014
1,680,493
OR Royalties Inc
 
56,651
1,683,547
Pan American Silver Corp
 
128,700
5,541,486
Teck Resources Ltd Class B
 
136,766
8,230,253
 
 
 
94,089,216
Paper & Forest Products - 0.0%
 
 
 
West Fraser Timber Co Ltd
 
17,378
1,125,351
TOTAL MATERIALS
 
 
108,206,330
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Colliers International Group Inc Subordinate Voting Shares
 
13,340
1,311,685
FirstService Corp Subordinate Voting Shares
 
12,450
1,753,755
TOTAL REAL ESTATE
 
 
3,065,440
Utilities - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Emera Inc
 
93,402
4,991,079
Fortis Inc/Canada
 
155,109
8,829,545
Hydro One Ltd (c)(d)
 
97,004
4,041,113
 
 
 
17,861,737
Gas Utilities - 0.0%
 
 
 
AltaGas Ltd
 
94,942
3,777,769
Brookfield Infrastructure Corp (e)
 
37,102
1,568,402
 
 
 
5,346,171
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Corp Class A
 
41,438
1,382,794
Capital Power Corp
 
48,067
2,258,568
Northland Power Inc
 
80,701
1,256,123
 
 
 
4,897,485
Multi-Utilities - 0.0%
 
 
 
Algonquin Power & Utilities Corp
 
211,019
1,234,336
Canadian Utilities Ltd Class A
 
39,182
1,557,386
 
 
 
2,791,722
TOTAL UTILITIES
 
 
30,897,115
TOTAL CANADA
 
 
937,161,864
CHILE - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Falabella SA
 
250,143
1,672,373
Specialty Retail - 0.0%
 
 
 
Empresas Copec SA
 
108,711
742,474
TOTAL CONSUMER DISCRETIONARY
 
 
2,414,847
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Embotelladora Andina SA Class B
 
108,081
538,225
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Cencosud SA
 
387,826
815,446
TOTAL CONSUMER STAPLES
 
 
1,353,671
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Banco de Chile
 
14,298,520
2,979,044
Banco de Credito e Inversiones SA
 
24,253
1,745,120
Banco Itau Chile SA
 
21,317
481,481
Banco Santander Chile
 
18,735,210
1,632,014
TOTAL FINANCIALS
 
 
6,837,659
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Quinenco SA
 
84,089
403,374
Passenger Airlines - 0.0%
 
 
 
Latam Airlines Group SA
 
76,565,894
2,037,365
TOTAL INDUSTRIALS
 
 
2,440,739
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Sociedad Quimica y Minera de Chile SA Class B
 
43,173
2,911,478
Metals & Mining - 0.1%
 
 
 
Antofagasta PLC
 
105,194
5,181,884
Lundin Mining Corp
 
206,158
5,104,501
 
 
 
10,286,385
Paper & Forest Products - 0.0%
 
 
 
Empresas Cmpc SA
 
329,897
374,339
TOTAL MATERIALS
 
 
13,572,202
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Parque Arauco SA
 
216,682
918,932
Plaza SA
 
236,880
960,488
TOTAL REAL ESTATE
 
 
1,879,420
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Enel Americas SA
 
5,706,564
540,060
Enel Chile SA
 
7,260,587
640,275
 
 
 
1,180,335
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Colbun SA
 
2,162,118
323,219
TOTAL UTILITIES
 
 
1,503,554
TOTAL CHILE
 
 
30,002,092
CHINA - 5.9%
 
 
 
Communication Services - 1.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
China Tower Corp Ltd H Shares (c)(d)
 
1,415,500
1,810,346
Entertainment - 0.1%
 
 
 
China Ruyi Holdings Ltd (b)(e)
 
3,408,000
625,768
Kingsoft Corp Ltd
 
301,400
1,028,443
Netease Inc
 
525,670
13,986,090
Tencent Music Entertainment Group Class A ADR
 
154,293
1,458,069
 
 
 
17,098,370
Interactive Media & Services - 1.1%
 
 
 
Baidu Inc A Shares (b)
 
670,728
9,291,329
Bilibili Inc Z Shares (b)
 
88,975
1,693,692
Kuaishou Technology B Shares (c)(d)
 
875,500
4,878,526
Tencent Holdings Ltd
 
1,861,700
113,755,429
 
 
 
129,618,976
TOTAL COMMUNICATION SERVICES
 
 
148,527,692
Consumer Discretionary - 2.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Fuyao Glass Industry Group Co Ltd H Shares (c)(d)
 
186,400
1,411,833
Minth Group Ltd
 
214,000
754,774
 
 
 
2,166,607
Automobiles - 0.2%
 
 
 
BYD Co Ltd H Shares
 
1,123,120
13,426,720
Geely Automobile Holdings Ltd
 
1,680,000
4,241,559
Great Wall Motor Co Ltd H Shares
 
709,500
821,465
Li Auto Inc A Shares (b)
 
364,132
2,479,974
NIO Inc A Shares (b)
 
570,750
2,800,580
XPeng Inc A Shares (b)
 
451,214
2,926,709
Yadea Group Holdings Ltd (c)(d)
 
322,478
441,215
Zhejiang Leapmotor Technology Co Ltd H Shares (b)(c)(d)
 
137,500
700,615
 
 
 
27,838,837
Broadline Retail - 1.3%
 
 
 
Alibaba Group Holding Ltd
 
5,848,740
89,096,216
JD.com Inc A Shares
 
823,676
13,549,449
PDD Holdings Inc Class A ADR (b)
 
238,670
21,136,615
Prosus NV Class N
 
406,039
18,869,773
Vipshop Holdings Ltd Class A ADR
 
63,217
969,749
 
 
 
143,621,802
Diversified Consumer Services - 0.0%
 
 
 
New Oriental Education & Technology Group Inc
 
416,040
2,439,785
TAL Education Group Class A ADR (b)
 
127,341
1,591,763
 
 
 
4,031,548
Hotels, Restaurants & Leisure - 0.4%
 
 
 
Atour Lifestyle Holdings Ltd ADR
 
25,958
891,138
Guming Holdings Ltd (e)
 
220,800
658,256
H World Group Ltd
 
524,140
2,226,715
Haidilao International Holding Ltd (c)(d)
 
526,000
797,478
Meituan B Shares (b)(c)(d)
 
1,705,790
20,139,374
Tongcheng Travel Holdings Ltd (d)
 
366,000
666,439
Trip.com Group Ltd (b)
 
185,496
8,690,580
Yum China Holdings Inc (Hong Kong)
 
106,750
5,074,518
 
 
 
39,144,498
Household Durables - 0.0%
 
 
 
Haier Smart Home Co Ltd H Shares
 
701,600
2,022,598
Midea Group Co Ltd H Shares (e)
 
134,600
1,705,352
 
 
 
3,727,950
Specialty Retail - 0.0%
 
 
 
Chow Tai Fook Jewellery Group Ltd
 
647,200
1,020,844
Pop Mart International Group Ltd (c)(d)(e)
 
204,800
4,246,210
 
 
 
5,267,054
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
ANTA Sports Products Ltd
 
355,800
3,581,864
Laopu Gold Co Ltd H Shares (e)
 
14,100
583,964
Li Ning Co Ltd
 
696,500
1,345,503
Shenzhou International Group Holdings Ltd
 
241,700
1,373,940
 
 
 
6,885,271
TOTAL CONSUMER DISCRETIONARY
 
 
232,683,567
Consumer Staples - 0.1%
 
 
 
Beverages - 0.0%
 
 
 
China Resources Beer Holdings Co Ltd
 
480,500
1,449,756
Nongfu Spring Co Ltd H Shares (c)(d)
 
554,200
3,093,808
Tsingtao Brewery Co Ltd H Shares
 
184,000
1,093,338
 
 
 
5,636,902
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Alibaba Health Information Technology Ltd (b)(e)
 
1,780,000
814,827
JD Health International Inc (b)(c)(d)
 
316,350
1,589,334
 
 
 
2,404,161
Food Products - 0.1%
 
 
 
China Feihe Ltd (c)(d)
 
1,204,000
505,095
China Mengniu Dairy Co Ltd
 
897,000
2,161,749
Tingyi Cayman Islands Holding Corp
 
562,000
852,775
Want Want China Holdings Ltd
 
1,435,000
618,471
Wilmar International Ltd
 
803,800
2,458,103
 
 
 
6,596,193
Personal Care Products - 0.0%
 
 
 
Giant Biogene Holding Co ltd (c)(d)(e)
 
145,800
572,239
Hengan International Group Co Ltd
 
200,500
633,018
 
 
 
1,205,257
Tobacco - 0.0%
 
 
 
Smoore International Holdings Ltd (c)(d)(e)
 
578,000
678,057
TOTAL CONSUMER STAPLES
 
 
16,520,570
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
China Oilfield Services Ltd H Shares
 
532,000
480,282
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
China Coal Energy Co Ltd H Shares
 
625,000
853,533
China Petroleum & Chemical Corp H Shares
 
7,252,000
4,096,496
China Shenhua Energy Co Ltd H Shares
 
1,030,000
5,707,921
COSCO SHIPPING Energy Transportation Co Ltd H Shares
 
384,000
681,097
PetroChina Co Ltd H Shares
 
6,430,000
8,149,827
Yankuang Energy Group Co Ltd H Shares
 
971,500
1,469,192
 
 
 
20,958,066
TOTAL ENERGY
 
 
21,438,348
Financials - 1.2%
 
 
 
Banks - 0.9%
 
 
 
Agricultural Bank of China Ltd H Shares
 
9,365,000
7,535,085
Bank of China Ltd H Shares
 
25,479,000
17,901,317
Bank of Communications Co Ltd H Shares
 
6,511,000
6,276,543
BOC Hong Kong Holdings Ltd
 
1,096,500
7,298,442
China CITIC Bank Corp Ltd H Shares
 
2,770,000
2,730,299
China Construction Bank Corp H Shares
 
30,032,000
35,240,327
China Merchants Bank Co Ltd H Shares
 
1,007,000
6,535,793
China Minsheng Banking Corp Ltd H Shares
 
2,232,000
1,033,122
Industrial & Commercial Bank of China Ltd H Shares
 
24,328,000
23,296,858
Postal Savings Bank of China Co Ltd H Shares (c)(d)
 
2,879,000
1,864,904
 
 
 
109,712,690
Capital Markets - 0.0%
 
 
 
China Galaxy Securities Co Ltd H Shares
 
1,151,000
1,116,892
China International Capital Corp Ltd H Shares (c)(d)
 
447,200
1,231,705
CITIC Securities Co Ltd H Shares
 
390,875
1,361,663
Guotai Haitong Securities Co Ltd H Shares (c)(d)
 
763,800
1,454,087
Huatai Securities Co Ltd H Shares (c)(d)
 
482,400
1,038,933
 
 
 
6,203,280
Insurance - 0.3%
 
 
 
China Life Insurance Co Ltd H Shares
 
2,268,000
8,444,558
China Pacific Insurance Group Co Ltd H Shares
 
789,400
3,076,107
China Taiping Insurance Holdings Co Ltd
 
432,000
1,212,976
New China Life Insurance Co Ltd H Shares
 
293,900
1,812,328
People's Insurance Co Group of China Ltd/The H Shares
 
2,656,000
1,849,148
PICC Property & Casualty Co Ltd H Shares
 
2,110,000
4,412,425
Ping An Insurance Group Co of China Ltd H Shares
 
1,975,000
14,754,779
 
 
 
35,562,321
TOTAL FINANCIALS
 
 
151,478,291
Health Care - 0.2%
 
 
 
Biotechnology - 0.1%
 
 
 
3SBio Inc (c)(d)
 
587,000
1,251,484
Akeso Inc (b)(c)(d)(e)
 
209,000
2,503,768
Innovent Biologics Inc (b)(c)(d)
 
440,500
4,869,855
Sichuan Kelun-Biotech Biopharmaceutical Co Ltd H Shares (b)(e)
 
13,500
832,819
Zai Lab Ltd (b)(e)
 
317,500
578,543
 
 
 
10,036,469
Health Care Providers & Services - 0.0%
 
 
 
Sinopharm Group Co Ltd H Shares
 
411,200
911,875
Life Sciences Tools & Services - 0.1%
 
 
 
Genscript Biotech Corp (b)
 
410,000
944,175
Wuxi Apptec Co Ltd H Shares (c)(d)
 
130,884
2,681,967
Wuxi Biologics Cayman Inc (b)(c)(d)
 
1,099,000
5,424,121
 
 
 
9,050,263
Pharmaceuticals - 0.0%
 
 
 
CSPC Pharmaceutical Group Ltd
 
2,404,160
2,630,278
Hansoh Pharmaceutical Group Co Ltd (c)(d)
 
350,000
1,436,168
Sino Biopharmaceutical Ltd
 
3,051,500
1,957,187
 
 
 
6,023,633
TOTAL HEALTH CARE
 
 
26,022,240
Industrials - 0.3%
 
 
 
Air Freight & Logistics - 0.1%
 
 
 
J&T Global Express Ltd B Shares (b)(e)
 
1,779,800
2,289,883
JD Logistics Inc (b)(c)(d)
 
635,400
1,216,937
ZTO Express Cayman Inc A Shares
 
119,300
2,854,992
 
 
 
6,361,812
Building Products - 0.0%
 
 
 
Xinyi Glass Holdings Ltd (e)
 
712,678
846,955
Commercial Services & Supplies - 0.0%
 
 
 
China Everbright Environment Group Ltd
 
1,060,000
689,329
Construction & Engineering - 0.0%
 
 
 
China Railway Group Ltd H Shares
 
1,293,000
595,191
China State Construction International Holdings Ltd (e)
 
584,000
641,161
 
 
 
1,236,352
Electrical Equipment - 0.0%
 
 
 
Contemporary Amperex Technology Co Ltd H Shares
 
59,900
4,741,970
Ground Transportation - 0.0%
 
 
 
Full Truck Alliance Co Ltd ADR
 
247,919
2,352,751
Industrial Conglomerates - 0.0%
 
 
 
CITIC Ltd
 
2,395,000
3,777,689
Machinery - 0.2%
 
 
 
Airtac International Group
 
43,650
1,768,672
CRRC Corp Ltd H Shares
 
1,331,000
892,719
Sinotruk Hong Kong Ltd
 
203,500
1,054,555
UBTech Robotics Corp Ltd H Shares (b)(e)
 
99,950
1,039,340
Weichai Power Co Ltd H Shares
 
586,000
2,461,343
Yangzijiang Shipbuilding (Holdings) Ltd
 
815,500
2,489,327
Zhuzhou CRRC Times Electric Co Ltd H Shares
 
122,000
523,631
 
 
 
10,229,587
Marine Transportation - 0.0%
 
 
 
COSCO SHIPPING Holdings Co Ltd H Shares
 
729,500
1,466,925
SITC International Holdings Co Ltd
 
395,000
1,988,499
 
 
 
3,455,424
Professional Services - 0.0%
 
 
 
Kanzhun Ltd ADR
 
116,167
1,891,199
Transportation Infrastructure - 0.0%
 
 
 
China Merchants Port Holdings Co Ltd
 
359,272
700,458
TOTAL INDUSTRIALS
 
 
36,283,526
Information Technology - 0.3%
 
 
 
Communications Equipment - 0.0%
 
 
 
Yangtze Optical Fibre & Cable Joint Stock Ltd Co H Shares (c)(d)
 
91,500
1,128,816
ZTE Corp H Shares (e)
 
223,400
708,166
 
 
 
1,836,982
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Aac Technologies Holdings Inc
 
211,500
1,039,377
BYD Electronic International Co Ltd
 
226,500
678,137
Kingboard Holdings Ltd
 
180,000
899,725
Sunny Optical Technology Group Co Ltd
 
202,700
1,448,706
 
 
 
4,065,945
IT Services - 0.0%
 
 
 
GDS Holdings Ltd A Shares (b)
 
316,100
1,286,258
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
GCL Technology Holdings Ltd (b)(e)
 
7,185,000
558,866
Hua Hong Grace Semiconductor Ltd (b)(c)(d)
 
211,000
3,451,915
Silergy Corp
 
102,000
1,271,051
Xinyi Solar Holdings Ltd (e)
 
1,411,295
395,905
 
 
 
5,677,737
Software - 0.0%
 
 
 
Horizon Robotics A Shares (b)(e)
 
3,273,000
2,157,683
Kingdee International Software Group Co Ltd (b)
 
879,000
933,651
 
 
 
3,091,334
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Lenovo Group Ltd
 
2,306,000
7,052,193
Xiaomi Corp B Shares (b)(c)(d)
 
5,214,400
19,134,160
 
 
 
26,186,353
TOTAL INFORMATION TECHNOLOGY
 
 
42,144,609
Materials - 0.2%
 
 
 
Chemicals - 0.0%
 
 
 
Ganfeng Lithium Group Co Ltd H Shares (c)(d)
 
132,200
620,677
Construction Materials - 0.0%
 
 
 
Anhui Conch Cement Co Ltd H Shares
 
360,000
848,771
China National Building Material Co Ltd H Shares
 
1,102,000
524,133
 
 
 
1,372,904
Metals & Mining - 0.2%
 
 
 
Aluminum Corp of China Ltd H Shares
 
1,212,000
1,307,447
China Gold International Resources Corp Ltd
 
72,800
1,632,857
China Hongqiao Group Ltd
 
999,000
3,126,015
CMOC Group Ltd H Shares
 
1,095,000
2,358,277
Jiangxi Copper Co Ltd H Shares
 
328,000
1,471,366
Lingbao Gold Group Co Ltd H Shares (e)
 
231,800
570,455
MMG Ltd (b)
 
1,440,000
1,540,549
Shandong Gold Mining Co Ltd H Shares (c)(d)
 
277,250
712,710
Zhaojin Mining Industry Co Ltd H Shares
 
506,500
1,369,198
Zijin Mining Group Co Ltd H Shares
 
1,828,000
7,747,976
 
 
 
21,836,850
TOTAL MATERIALS
 
 
23,830,431
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
China Overseas Land & Investment Ltd
 
1,141,000
1,965,586
China Resources Land Ltd
 
872,000
3,691,523
China Resources Mixc Lifestyle Services Ltd (c)(d)
 
180,555
919,075
Country Garden Services Holdings Co Ltd
 
629,000
449,147
KE Holdings Inc A Shares
 
595,600
3,340,662
Longfor Group Holdings Ltd (c)(d)(e)
 
595,950
521,297
Wharf Holdings Ltd/The
 
283,000
709,088
TOTAL REAL ESTATE
 
 
11,596,378
Utilities - 0.1%
 
 
 
Gas Utilities - 0.0%
 
 
 
China Gas Holdings Ltd
 
906,600
706,330
China Resources Gas Group Ltd
 
270,700
577,478
ENN Energy Holdings Ltd
 
223,100
1,335,346
Kunlun Energy Co Ltd
 
1,140,000
1,052,433
 
 
 
3,671,587
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
CGN Power Co Ltd H Shares (c)(d)
 
3,224,000
1,188,075
China Longyuan Power Group Corp Ltd H Shares
 
1,010,000
743,102
China Power International Development Ltd (e)
 
1,376,000
498,296
China Resources Power Holdings Co Ltd (e)
 
672,000
1,657,207
Huaneng Power International Inc H Shares (e)
 
1,256,000
965,735
 
 
 
5,052,415
Water Utilities - 0.0%
 
 
 
Guangdong Investment Ltd
 
836,000
902,902
TOTAL UTILITIES
 
 
9,626,904
TOTAL CHINA
 
 
720,152,556
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA
 
85,174
2,414,013
Financial Services - 0.0%
 
 
 
Grupo de Inversiones Suramericana SA
 
42,938
747,974
TOTAL FINANCIALS
 
 
3,161,987
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Interconexion Electrica SA ESP
 
136,215
1,290,904
TOTAL COLOMBIA
 
 
4,452,891
CONGO DEMOCRATIC REPUBLIC OF - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Ivanhoe Mines Ltd Class A (b)(e)
 
228,692
1,642,778
COTE D'IVOIRE - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Endeavour Mining PLC (United Kingdom)
 
57,729
2,740,266
CZECH REPUBLIC - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Komercni Banka AS
 
22,073
1,103,519
Moneta Money Bank AS (c)(d)
 
78,329
716,811
TOTAL FINANCIALS
 
 
1,820,330
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
CEZ AS
 
49,184
3,168,478
TOTAL CZECH REPUBLIC
 
 
4,988,808
DENMARK - 1.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Pandora A/S
 
22,933
2,872,816
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Carlsberg AS Series B
 
27,497
4,056,253
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Danske Bank A/S
 
196,188
11,295,489
Jyske Bank A/S
 
12,318
1,957,350
Ringkjoebing Landbobank A/S
 
7,764
2,086,530
 
 
 
15,339,369
Insurance - 0.0%
 
 
 
Tryg A/S
 
97,301
2,322,194
TOTAL FINANCIALS
 
 
17,661,563
Health Care - 0.6%
 
 
 
Biotechnology - 0.1%
 
 
 
Ascendis Pharma A/S (b)(e)
 
15,545
3,791,581
Genmab A/S (b)
 
19,013
5,472,672
Zealand Pharma A/S (b)
 
19,142
897,742
 
 
 
10,161,995
Health Care Equipment & Supplies - 0.0%
 
 
 
Coloplast AS Series B
 
36,299
2,400,444
Pharmaceuticals - 0.5%
 
 
 
Novo Nordisk A/S Series B
 
971,072
45,933,240
TOTAL HEALTH CARE
 
 
58,495,679
Industrials - 0.2%
 
 
 
Air Freight & Logistics - 0.1%
 
 
 
DSV A/S
 
60,095
12,987,793
Commercial Services & Supplies - 0.0%
 
 
 
ISS A/S
 
44,836
1,987,946
Electrical Equipment - 0.1%
 
 
 
NKT A/S (b)
 
16,503
2,250,640
Vestas Wind Systems A/S
 
303,597
8,172,062
 
 
 
10,422,702
TOTAL INDUSTRIALS
 
 
25,398,441
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Novonesis Novozymes B Series B
 
105,082
6,841,192
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Orsted AS (b)(c)(d)
 
140,020
3,132,197
TOTAL DENMARK
 
 
118,458,141
EGYPT - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telecom Egypt Co
 
155,944
315,851
Consumer Staples - 0.0%
 
 
 
Tobacco - 0.0%
 
 
 
Eastern Co SAE
 
417,725
297,267
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Commercial International Bank - Egypt (CIB)
 
839,739
2,314,823
Capital Markets - 0.0%
 
 
 
EFG Holding S.A.E.
 
344,837
176,632
Financial Services - 0.0%
 
 
 
Fawry for Banking & Payment Technology Services SAE (b)
 
694,877
254,992
TOTAL FINANCIALS
 
 
2,746,447
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Talaat Moustafa Group
 
305,793
581,694
TOTAL EGYPT
 
 
3,941,259
FINLAND - 0.7%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Elisa Oyj A Shares
 
44,505
1,795,207
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Kesko Oyj B Shares
 
82,412
2,050,821
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Neste Oyj
 
131,311
4,627,434
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Nordea Bank Abp (Sweden)
 
1,039,724
20,997,136
Insurance - 0.1%
 
 
 
Sampo Oyj A Shares
 
759,092
8,404,481
TOTAL FINANCIALS
 
 
29,401,617
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Orion Oyj B Shares
 
33,482
3,131,252
Industrials - 0.2%
 
 
 
Machinery - 0.2%
 
 
 
Kone Oyj B Shares
 
118,755
6,860,811
Konecranes Oyj A Shares
 
63,959
1,994,317
Metso Oyj
 
215,302
3,999,718
Valmet Oyj
 
44,930
1,353,304
Wartsila OYJ Abp
 
148,059
5,009,342
TOTAL INDUSTRIALS
 
 
19,217,492
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.1%
 
 
 
Nokia Oyj
 
1,645,312
15,207,507
Materials - 0.1%
 
 
 
Paper & Forest Products - 0.1%
 
 
 
Stora Enso Oyj R Shares
 
185,646
2,127,504
UPM-Kymmene Oyj
 
160,653
4,370,691
TOTAL MATERIALS
 
 
6,498,195
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Fortum Oyj
 
134,243
3,053,476
TOTAL FINLAND
 
 
84,983,001
FRANCE - 4.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Orange SA
 
559,640
10,693,431
Media - 0.0%
 
 
 
Publicis Groupe SA
 
69,124
7,377,642
TOTAL COMMUNICATION SERVICES
 
 
18,071,073
Consumer Discretionary - 0.7%
 
 
 
Automobile Components - 0.1%
 
 
 
Cie Generale des Etablissements Michelin SCA Series B
 
209,552
8,470,193
Automobiles - 0.0%
 
 
 
Renault SA
 
55,337
1,747,336
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Accor SA
 
62,511
3,236,597
Textiles, Apparel & Luxury Goods - 0.6%
 
 
 
Hermes International SCA
 
10,620
18,817,304
Kering SA
 
21,472
7,087,338
LVMH Moet Hennessy Louis Vuitton SE
 
77,342
42,471,221
 
 
 
68,375,863
TOTAL CONSUMER DISCRETIONARY
 
 
81,829,989
Consumer Staples - 0.4%
 
 
 
Beverages - 0.0%
 
 
 
Pernod Ricard SA
 
60,866
4,743,490
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Carrefour SA
 
169,308
3,107,138
Food Products - 0.1%
 
 
 
Danone SA
 
197,252
15,343,469
Personal Care Products - 0.3%
 
 
 
L'Oreal SA
 
69,957
31,158,523
TOTAL CONSUMER STAPLES
 
 
54,352,620
Energy - 0.5%
 
 
 
Oil, Gas & Consumable Fuels - 0.5%
 
 
 
TotalEnergies SE
 
637,968
56,220,115
Financials - 0.8%
 
 
 
Banks - 0.6%
 
 
 
BNP Paribas SA
 
302,045
38,380,475
Credit Agricole SA
 
341,097
7,621,970
Societe Generale SA Series A
 
201,947
18,982,343
 
 
 
64,984,788
Insurance - 0.2%
 
 
 
AXA SA
 
502,620
26,050,611
TOTAL FINANCIALS
 
 
91,035,399
Health Care - 0.1%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
EssilorLuxottica SA
 
88,930
16,836,402
Industrials - 1.3%
 
 
 
Aerospace & Defense - 0.9%
 
 
 
Airbus SE
 
188,286
44,201,780
Safran SA
 
103,252
40,576,110
Thales SA
 
27,618
7,831,349
 
 
 
92,609,239
Building Products - 0.1%
 
 
 
Cie de Saint-Gobain SA
 
139,058
13,069,660
Construction & Engineering - 0.2%
 
 
 
Bouygues SA
 
57,117
3,217,390
Eiffage SA
 
21,635
3,074,890
Vinci SA
 
152,484
21,529,654
 
 
 
27,821,934
Electrical Equipment - 0.1%
 
 
 
Legrand SA
 
80,035
12,167,662
Professional Services - 0.0%
 
 
 
Bureau Veritas SA
 
106,536
3,398,086
TOTAL INDUSTRIALS
 
 
149,066,581
Information Technology - 0.1%
 
 
 
IT Services - 0.1%
 
 
 
Capgemini SE
 
46,738
5,555,313
Software - 0.0%
 
 
 
Dassault Systemes SE
 
200,867
4,673,173
TOTAL INFORMATION TECHNOLOGY
 
 
10,228,486
Materials - 0.3%
 
 
 
Chemicals - 0.3%
 
 
 
Air Liquide SA
 
194,244
38,267,726
Real Estate - 0.0%
 
 
 
Retail REITs - 0.0%
 
 
 
Unibail-Rodamco-Westfield unit
 
37,131
4,508,695
Utilities - 0.2%
 
 
 
Multi-Utilities - 0.2%
 
 
 
Engie SA
 
565,264
17,619,916
Veolia Environnement SA
 
203,410
8,094,369
TOTAL UTILITIES
 
 
25,714,285
TOTAL FRANCE
 
 
546,131,371
GERMANY - 4.6%
 
 
 
Communication Services - 0.3%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Deutsche Telekom AG
 
1,034,552
31,927,316
Interactive Media & Services - 0.0%
 
 
 
Scout24 SE (c)(d)
 
22,642
1,941,250
TOTAL COMMUNICATION SERVICES
 
 
33,868,566
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Continental AG
 
32,663
2,716,362
Automobiles - 0.2%
 
 
 
Bayerische Motoren Werke AG
 
97,690
6,680,218
Mercedes-Benz Group AG
 
220,195
11,905,765
 
 
 
18,585,983
Specialty Retail - 0.0%
 
 
 
Zalando SE (b)(c)(d)
 
67,180
2,189,263
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Adidas AG
 
54,907
10,159,065
TOTAL CONSUMER DISCRETIONARY
 
 
33,650,673
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA
 
29,536
2,420,188
Personal Care Products - 0.0%
 
 
 
Beiersdorf AG (e)
 
27,483
2,552,925
TOTAL CONSUMER STAPLES
 
 
4,973,113
Financials - 1.1%
 
 
 
Banks - 0.1%
 
 
 
Commerzbank AG
 
302,479
13,139,434
Capital Markets - 0.3%
 
 
 
Deutsche Bank AG
 
582,199
21,399,689
Deutsche Boerse AG
 
56,768
17,099,499
 
 
 
38,499,188
Insurance - 0.7%
 
 
 
Allianz SE
 
115,832
57,696,202
Hannover Rueck SE
 
18,375
5,309,996
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
 
38,688
23,239,887
 
 
 
86,246,085
TOTAL FINANCIALS
 
 
137,884,707
Health Care - 0.3%
 
 
 
Biotechnology - 0.0%
 
 
 
BioNTech SE ADR (b)
 
30,071
2,723,831
Health Care Equipment & Supplies - 0.0%
 
 
 
Siemens Healthineers AG (c)(d)
 
89,016
3,790,710
Health Care Providers & Services - 0.1%
 
 
 
Fresenius Medical Care AG
 
63,555
3,261,763
Fresenius SE & Co KGaA
 
125,285
6,439,305
 
 
 
9,701,068
Pharmaceuticals - 0.2%
 
 
 
Bayer AG
 
299,407
16,615,827
Merck KGaA
 
39,387
6,509,420
 
 
 
23,125,247
TOTAL HEALTH CARE
 
 
39,340,856
Industrials - 1.4%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
MTU Aero Engines AG
 
16,447
6,861,847
Rheinmetall AG
 
14,225
18,804,727
 
 
 
25,666,574
Air Freight & Logistics - 0.2%
 
 
 
Deutsche Post AG
 
280,168
18,715,726
Electrical Equipment - 0.3%
 
 
 
Siemens Energy AG
 
220,454
37,663,037
Industrial Conglomerates - 0.6%
 
 
 
Siemens AG
 
219,203
71,821,113
Machinery - 0.1%
 
 
 
Daimler Truck Holding AG
 
147,122
8,302,854
Gea Group Ag
 
44,467
3,161,235
Knorr-Bremse AG
 
19,920
2,363,689
 
 
 
13,827,778
Trading Companies & Distributors - 0.0%
 
 
 
Brenntag SE
 
36,947
2,604,896
TOTAL INDUSTRIALS
 
 
170,299,124
Information Technology - 0.7%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Infineon Technologies AG
 
398,061
28,566,287
Software - 0.5%
 
 
 
SAP SE
 
310,794
56,967,041
TOTAL INFORMATION TECHNOLOGY
 
 
85,533,328
Materials - 0.2%
 
 
 
Chemicals - 0.2%
 
 
 
BASF SE
 
272,122
15,797,671
Symrise AG
 
40,610
4,172,501
 
 
 
19,970,172
Construction Materials - 0.0%
 
 
 
Heidelberg Materials AG
 
38,731
7,210,358
TOTAL MATERIALS
 
 
27,180,530
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
LEG Immobilien SE
 
23,409
1,405,042
Vonovia SE
 
259,150
6,287,149
TOTAL REAL ESTATE
 
 
7,692,191
Utilities - 0.2%
 
 
 
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
RWE AG
 
209,164
13,791,671
Multi-Utilities - 0.1%
 
 
 
E.ON SE
 
676,041
14,564,138
TOTAL UTILITIES
 
 
28,355,809
TOTAL GERMANY
 
 
568,778,897
GREECE - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Hellenic Telecommunications Organization SA
 
53,278
1,229,979
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Allwyn AG
 
52,084
805,050
Specialty Retail - 0.0%
 
 
 
JUMBO SA
 
33,046
922,189
TOTAL CONSUMER DISCRETIONARY
 
 
1,727,239
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Motor Oil Hellas Corinth Refineries SA
 
18,909
1,107,689
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Alpha Bank SA
 
623,371
3,066,573
Eurobank SA
 
791,749
4,062,874
National Bank of Greece SA
 
255,486
4,743,280
Optima bank SA
 
54,210
651,378
Piraeus Bank SA
 
327,850
3,780,602
TOTAL FINANCIALS
 
 
16,304,707
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
GEK TERNA SA
 
20,629
1,075,708
Industrial Conglomerates - 0.0%
 
 
 
Metlen Energy & Metals PLC (Greece)
 
33,364
1,768,251
Marine Transportation - 0.0%
 
 
 
Star Bulk Carriers Corp
 
27,442
788,958
TOTAL INDUSTRIALS
 
 
3,632,917
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Public Power Corp SA
 
86,472
2,223,649
TOTAL GREECE
 
 
26,226,180
GUATEMALA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Millicom International Cellular SA (e)
 
29,735
2,839,098
HONG KONG - 1.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
HKT Trust & HKT Ltd unit
 
1,089,000
1,842,680
PCCW Ltd
 
1,335,000
1,000,943
TOTAL COMMUNICATION SERVICES
 
 
2,843,623
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
WH Group Ltd (c)(d)
 
2,364,000
2,547,154
Financials - 0.6%
 
 
 
Capital Markets - 0.2%
 
 
 
Futu Holdings Ltd Class A ADR
 
18,745
1,970,474
Hong Kong Exchanges & Clearing Ltd
 
363,453
18,936,938
 
 
 
20,907,412
Insurance - 0.4%
 
 
 
AIA Group Ltd
 
3,185,600
32,113,710
Prudential PLC
 
769,563
11,565,416
 
 
 
43,679,126
TOTAL FINANCIALS
 
 
64,586,538
Industrials - 0.1%
 
 
 
Ground Transportation - 0.0%
 
 
 
MTR Corp Ltd
 
494,998
2,090,474
Industrial Conglomerates - 0.0%
 
 
 
Swire Pacific Ltd A Shares
 
103,000
1,306,807
Machinery - 0.1%
 
 
 
Techtronic Industries Co Ltd
 
435,500
7,330,154
Marine Transportation - 0.0%
 
 
 
Orient Overseas International Ltd
 
39,000
761,361
TOTAL INDUSTRIALS
 
 
11,488,796
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
ASMPT Ltd
 
94,500
1,823,147
Real Estate - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
CK Asset Holdings Ltd
 
594,329
3,625,510
Hang Lung Properties Ltd
 
519,406
482,820
Henderson Land Development Co Ltd
 
420,500
1,522,774
Hongkong Land Holdings Ltd (Singapore)
 
300,339
2,435,372
Sino Land Co Ltd
 
1,164,080
1,588,245
Sun Hung Kai Properties Ltd
 
469,000
7,360,885
Swire Properties Ltd
 
291,200
887,443
Wharf Real Estate Investment Co Ltd
 
483,000
1,637,017
 
 
 
19,540,066
Retail REITs - 0.0%
 
 
 
Link REIT
 
823,713
4,108,902
TOTAL REAL ESTATE
 
 
23,648,968
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
CK Infrastructure Holdings Ltd
 
185,500
1,480,707
CLP Holdings Ltd
 
485,500
4,827,009
Power Assets Holdings Ltd
 
417,000
3,139,836
 
 
 
9,447,552
Gas Utilities - 0.0%
 
 
 
Hong Kong & China Gas Co Ltd
 
3,300,393
2,958,503
TOTAL UTILITIES
 
 
12,406,055
TOTAL HONG KONG
 
 
119,344,281
HUNGARY - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
MOL Hungarian Oil & Gas PLC Class A (b)
 
139,266
1,993,952
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
OTP Bank Nyrt
 
75,068
11,108,556
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Richter Gedeon Nyrt
 
42,885
1,599,406
TOTAL HUNGARY
 
 
14,701,914
INDIA - 2.7%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Indus Towers Ltd (b)
 
409,038
1,677,671
Wireless Telecommunication Services - 0.2%
 
 
 
Bharti Airtel Ltd
 
946,768
19,564,715
TOTAL COMMUNICATION SERVICES
 
 
21,242,386
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Samvardhana Motherson International Ltd
 
1,341,119
2,118,721
Automobiles - 0.2%
 
 
 
Bajaj Auto Ltd
 
20,452
2,469,417
Eicher Motors Ltd
 
42,677
3,502,445
Mahindra & Mahindra Ltd
 
269,181
9,587,411
Maruti Suzuki India Ltd
 
40,261
6,005,489
Tata Motors Passenger Vehicles Limited
 
636,851
2,267,502
 
 
 
23,832,264
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Eternal Ltd (b)
 
1,442,584
4,572,945
Indian Hotels Co Ltd/The
 
275,866
2,135,998
 
 
 
6,708,943
Specialty Retail - 0.0%
 
 
 
Trent Ltd
 
83,248
2,622,412
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Titan Co Ltd
 
127,115
6,491,574
TOTAL CONSUMER DISCRETIONARY
 
 
41,773,914
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Varun Beverages Ltd
 
408,501
1,893,455
Personal Care Products - 0.0%
 
 
 
Hindustan Unilever Ltd
 
272,717
6,004,828
Tobacco - 0.0%
 
 
 
ITC Ltd
 
907,208
2,671,483
TOTAL CONSUMER STAPLES
 
 
10,569,766
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
Bharat Petroleum Corp Ltd
 
602,011
2,012,434
Coal India Ltd
 
694,687
3,016,751
Indian Oil Corp Ltd
 
1,149,568
1,685,606
Oil & Natural Gas Corp Ltd
 
1,265,760
3,225,540
Reliance Industries Ltd
 
2,061,362
28,230,445
TOTAL ENERGY
 
 
38,170,776
Financials - 0.9%
 
 
 
Banks - 0.7%
 
 
 
Axis Bank Ltd
 
701,204
9,032,000
Federal Bank Ltd
 
549,799
2,067,508
HDFC Bank Ltd/Gift City
 
3,471,460
27,194,940
ICICI Bank Ltd
 
1,616,300
24,297,994
IndusInd Bank Ltd
 
173,625
1,841,773
Kotak Mahindra Bank Ltd
 
1,668,189
6,821,276
State Bank of India
 
561,889
6,048,876
 
 
 
77,304,367
Capital Markets - 0.0%
 
 
 
HDFC Asset Management Co Ltd (c)(d)
 
60,988
1,671,331
Consumer Finance - 0.1%
 
 
 
Bajaj Finance Ltd
 
854,612
10,218,973
Cholamandalam Investment and Finance Co Ltd
 
130,924
2,537,810
Shriram Finance Ltd
 
431,410
4,729,554
 
 
 
17,486,337
Financial Services - 0.1%
 
 
 
Bajaj Finserv Ltd
 
117,918
2,506,972
Jio Financial Services Ltd
 
974,740
2,620,194
Power Finance Corp Ltd
 
442,157
1,965,974
REC Ltd
 
374,106
1,462,052
 
 
 
8,555,192
Insurance - 0.0%
 
 
 
HDFC Life Insurance Co Ltd (c)(d)
 
320,808
1,843,743
PB Fintech Ltd (b)
 
113,361
1,903,575
 
 
 
3,747,318
TOTAL FINANCIALS
 
 
108,764,545
Health Care - 0.1%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Apollo Hospitals Enterprise Ltd
 
30,995
2,908,631
Max Healthcare Institute Ltd
 
222,989
2,567,179
 
 
 
5,475,810
Pharmaceuticals - 0.1%
 
 
 
Cipla Ltd/India
 
173,099
2,672,188
Dr Reddy's Laboratories Ltd
 
184,435
2,213,379
Sun Pharmaceutical Industries Ltd
 
328,630
6,853,838
 
 
 
11,739,405
TOTAL HEALTH CARE
 
 
17,215,215
Industrials - 0.3%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bharat Electronics Ltd
 
1,090,126
4,431,889
Hindustan Aeronautics Ltd (d)
 
56,983
2,776,407
 
 
 
7,208,296
Construction & Engineering - 0.2%
 
 
 
Larsen & Toubro Ltd
 
205,244
8,467,693
Electrical Equipment - 0.0%
 
 
 
CG Power & Industrial Solutions Ltd
 
200,585
1,815,128
Suzlon Energy Ltd (b)
 
3,428,919
1,723,456
 
 
 
3,538,584
Machinery - 0.0%
 
 
 
Tata Motors Ltd /new
 
640,924
2,932,626
Passenger Airlines - 0.0%
 
 
 
InterGlobe Aviation Ltd (c)(d)
 
57,293
3,103,150
Trading Companies & Distributors - 0.0%
 
 
 
Adani Enterprises Ltd
 
114,075
3,597,442
Transportation Infrastructure - 0.0%
 
 
 
Adani Ports & Special Economic Zone Ltd
 
238,450
4,237,537
TOTAL INDUSTRIALS
 
 
33,085,328
Information Technology - 0.3%
 
 
 
IT Services - 0.3%
 
 
 
HCL Technologies Ltd
 
322,931
4,567,613
Infosys Ltd
 
1,051,061
12,488,881
Persistent Systems Ltd
 
32,038
1,865,138
Tata Consultancy Services Ltd
 
308,819
7,663,672
Tech Mahindra Ltd
 
194,774
3,382,813
Wipro Ltd
 
919,535
1,774,087
TOTAL INFORMATION TECHNOLOGY
 
 
31,742,204
Materials - 0.2%
 
 
 
Chemicals - 0.0%
 
 
 
Asian Paints Ltd
 
137,629
3,959,953
Construction Materials - 0.0%
 
 
 
UltraTech Cement Ltd
 
36,784
4,588,448
Metals & Mining - 0.2%
 
 
 
Hindalco Industries Ltd
 
444,997
4,561,018
Tata Steel Ltd
 
2,241,587
4,461,237
Vedanta Ltd
 
543,954
1,510,532
 
 
 
10,532,787
TOTAL MATERIALS
 
 
19,081,188
Utilities - 0.1%
 
 
 
Electric Utilities - 0.0%
 
 
 
Power Grid Corp of India Ltd
 
1,388,345
4,133,883
Tata Power Co Ltd/The
 
534,636
2,133,587
 
 
 
6,267,470
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Adani Power Ltd (b)
 
1,469,531
3,252,313
NTPC Ltd
 
1,447,075
5,263,824
 
 
 
8,516,137
TOTAL UTILITIES
 
 
14,783,607
TOTAL INDIA
 
 
336,428,929
INDONESIA - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telkom Indonesia Persero Tbk PT
 
13,731,100
2,004,614
Media - 0.0%
 
 
 
Elang Mahkota Teknologi Tbk PT
 
8,811,800
259,041
Wireless Telecommunication Services - 0.0%
 
 
 
Indosat Tbk PT
 
2,555,900
268,957
XLSMART Telecom Sejahtera Tbk PT
 
1,956,000
264,869
 
 
 
533,826
TOTAL COMMUNICATION SERVICES
 
 
2,797,481
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
GoTo Gojek Tokopedia Tbk PT Class A (b)
 
274,498,596
763,628
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Sumber Alfaria Trijaya Tbk PT
 
5,991,500
440,616
Food Products - 0.0%
 
 
 
Charoen Pokphand Indonesia Tbk PT
 
2,276,100
416,796
Indofood CBP Sukses Makmur Tbk PT
 
680,300
263,655
Indofood Sukses Makmur Tbk PT
 
1,328,400
514,287
Japfa Comfeed Indonesia Tbk PT
 
1,398,700
167,358
 
 
 
1,362,096
TOTAL CONSUMER STAPLES
 
 
1,802,712
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Adaro Andalan Indonesia PT
 
923,300
475,514
Alamtri Resources Indonesia Tbk PT
 
2,596,600
355,003
Bumi Resources Tbk PT (b)
 
51,775,300
471,487
Dian Swastatika Sentosa Tbk PT (b)
 
11,612,700
539,892
Energi Mega Persada Tbk PT (b)
 
4,929,000
354,369
United Tractors Tbk PT
 
418,100
557,956
TOTAL ENERGY
 
 
2,754,221
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Bank Central Asia Tbk PT
 
16,814,400
5,893,027
Bank Mandiri Persero Tbk PT
 
11,416,200
2,656,207
Bank Negara Indonesia Persero Tbk PT
 
4,140,600
810,772
Bank Rakyat Indonesia Persero Tbk PT
 
20,847,853
3,506,107
TOTAL FINANCIALS
 
 
12,866,113
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Kalbe Farma Tbk PT
 
5,653,500
227,055
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.1%
 
 
 
Astra International Tbk PT
 
6,100,000
1,732,890
Jardine Matheson Holdings Ltd (Singapore)
 
63,061
4,188,194
TOTAL INDUSTRIALS
 
 
5,921,084
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Barito Pacific Tbk PT
 
8,122,773
826,358
Metals & Mining - 0.0%
 
 
 
Alamtri Minerals Indonesia Tbk PT
 
1,775,000
149,168
Amman Mineral Internasional PT (b)
 
4,160,100
941,921
ANTAM Persero Tbk PT
 
2,558,600
407,757
Bumi Resources Minerals Tbk PT (b)
 
25,541,000
791,288
Merdeka Battery Materials Tbk PT (b)
 
13,940,700
389,231
Merdeka Copper Gold Tbk PT
 
3,865,210
581,607
Merdeka Gold Resources Tbk PT
 
1,325,100
483,982
 
 
 
3,744,954
Paper & Forest Products - 0.0%
 
 
 
Indah Kiat Pulp & Paper Tbk PT
 
706,600
328,462
TOTAL MATERIALS
 
 
4,899,774
Utilities - 0.0%
 
 
 
Gas Utilities - 0.0%
 
 
 
Perusahaan Gas Negara Tbk PT Class B
 
3,441,700
286,782
TOTAL INDONESIA
 
 
32,318,850
IRELAND - 0.2%
 
 
 
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Kerry Group PLC Class A
 
48,567
4,637,217
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
AIB Group PLC
 
642,843
7,601,974
Bank of Ireland Group PLC
 
289,114
6,031,058
TOTAL FINANCIALS
 
 
13,633,032
Industrials - 0.1%
 
 
 
Building Products - 0.0%
 
 
 
Kingspan Group PLC
 
46,241
4,279,155
Trading Companies & Distributors - 0.1%
 
 
 
AerCap Holdings NV
 
48,015
7,245,464
TOTAL INDUSTRIALS
 
 
11,524,619
TOTAL IRELAND
 
 
29,794,868
ISRAEL - 0.9%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Bezeq The Israeli Telecommunication Corp Ltd
 
854,844
2,047,822
Wireless Telecommunication Services - 0.0%
 
 
 
Partner Communications Co Ltd
 
40,758
502,991
TOTAL COMMUNICATION SERVICES
 
 
2,550,813
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Global-e Online Ltd (b)
 
32,946
1,295,107
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Fattal Holdings 1998 Ltd (b)
 
2,143
475,295
TOTAL CONSUMER DISCRETIONARY
 
 
1,770,402
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Shufersal Ltd
 
59,801
855,194
Food Products - 0.0%
 
 
 
Strauss Group Ltd
 
17,335
656,762
TOTAL CONSUMER STAPLES
 
 
1,511,956
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Delek Group Ltd
 
28,620
750,216
Delek Yizum Nechasim Ltd
 
2,608
57,553
Paz Retail And Energy Ltd
 
2,820
796,224
TOTAL ENERGY
 
 
1,603,993
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Bank Hapoalim BM
 
399,855
9,723,940
Bank Leumi Le-Israel BM
 
450,620
10,672,463
FIBI Holdings Ltd
 
5,006
491,182
First International Bank of Israel Ltd
 
15,729
1,216,534
Israel Discount Bank Ltd Class A
 
374,611
3,917,084
Mizrahi Tefahot Bank Ltd
 
47,019
3,502,773
 
 
 
29,523,976
Capital Markets - 0.0%
 
 
 
Plus500 Ltd
 
21,257
1,120,181
Tel Aviv Stock Exchange Ltd
 
26,613
1,027,428
 
 
 
2,147,609
Insurance - 0.1%
 
 
 
Clal Insurance Enterprises Holdings Ltd
 
19,844
1,504,937
Harel Insurance Investments & Financial Services Ltd
 
33,775
1,941,524
Menora Mivtachim Holdings Ltd
 
6,457
1,011,910
Migdal Insurance & Financial Holdings Ltd (b)
 
142,400
810,186
Phoenix Financial Ltd
 
68,942
3,879,609
 
 
 
9,148,166
TOTAL FINANCIALS
 
 
40,819,751
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Teva Pharmaceutical Industries Ltd ADR (b)
 
355,082
12,431,421
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bet Shemesh Engines Holdings 1997 Ltd (b)
 
2,182
593,241
Elbit Systems Ltd
 
8,275
6,664,942
 
 
 
7,258,183
Construction & Engineering - 0.0%
 
 
 
Electra Ltd/Israel
 
12,272
477,790
Shapir Engineering and Industry Ltd
 
45,527
682,049
Shikun & Binui Ltd (b)
 
115,120
659,120
 
 
 
1,818,959
Marine Transportation - 0.0%
 
 
 
ZIM Integrated Shipping Services Ltd
 
36,895
929,385
Passenger Airlines - 0.0%
 
 
 
El Al Israel Airlines
 
90,968
404,468
TOTAL INDUSTRIALS
 
 
10,410,995
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Next Vision Stabilized Systems Ltd
 
21,967
1,706,907
IT Services - 0.0%
 
 
 
Matrix IT Ltd
 
14,578
412,562
Wix.com Ltd (b)(e)
 
12,601
693,433
 
 
 
1,105,995
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Camtek Ltd/Israel (Israel) (b)
 
8,630
1,203,089
Nova Ltd (Israel) (b)
 
9,721
3,897,306
Tower Semiconductor Ltd (b)
 
34,405
7,620,542
 
 
 
12,720,937
Software - 0.0%
 
 
 
Cellebrite DI Ltd (b)(e)
 
36,012
531,177
Check Point Software Technologies Ltd (b)
 
24,495
3,114,049
Nice Ltd (b)
 
17,594
1,712,487
 
 
 
5,357,713
TOTAL INFORMATION TECHNOLOGY
 
 
20,891,552
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
ICL Group Ltd
 
222,964
1,141,628
Israel Corp Ltd Class A1
 
12,280
321,896
TOTAL MATERIALS
 
 
1,463,524
Real Estate - 0.1%
 
 
 
Diversified REITs - 0.0%
 
 
 
Reit 1 Ltd
 
59,152
419,376
Real Estate Management & Development - 0.1%
 
 
 
Airport City Ltd (b)
 
15,944
287,425
Alony Hetz Properties & Investments Ltd
 
49,969
520,044
Amot Investments Ltd
 
72,910
443,447
Azrieli Group Ltd
 
11,379
1,506,653
Big Shopping Centers Ltd
 
5,022
1,130,258
Mega Or Holdings Ltd
 
7,165
1,164,825
Melisron Ltd
 
7,323
962,664
Mivne Real Estate KD Ltd
 
179,492
792,783
 
 
 
6,808,099
TOTAL REAL ESTATE
 
 
7,227,475
Utilities - 0.1%
 
 
 
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Doral Group Renewable Energy Resources Ltd (b)
 
39,135
884,747
Energix-Renewable Energies Ltd
 
85,724
622,631
Enlight Renewable Energy Ltd (b)
 
42,466
3,612,354
OPC Energy Ltd (b)
 
48,847
1,533,091
TOTAL UTILITIES
 
 
6,652,823
TOTAL ISRAEL
 
 
107,334,705
ITALY - 2.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Infrastrutture Wireless Italiane SpA (c)(d)
 
93,317
691,385
Telecom Italia SpA/Milano (b)
 
533,654
4,524,912
TOTAL COMMUNICATION SERVICES
 
 
5,216,297
Consumer Discretionary - 0.2%
 
 
 
Automobiles - 0.2%
 
 
 
Ferrari NV (Italy)
 
37,246
14,607,372
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Lottomatica Group Spa
 
76,869
2,081,302
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Brunello Cucinelli SpA (e)
 
10,167
1,030,781
Moncler SpA
 
68,005
3,850,420
 
 
 
4,881,201
TOTAL CONSUMER DISCRETIONARY
 
 
21,569,875
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Davide Campari-Milano NV
 
171,209
1,164,044
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Saipem SpA
 
391,652
1,891,441
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Eni SpA
 
609,024
16,941,031
TOTAL ENERGY
 
 
18,832,472
Financials - 1.1%
 
 
 
Banks - 0.9%
 
 
 
Banca Monte dei Paschi di Siena SpA
 
657,341
8,768,692
Banco BPM SpA
 
461,879
8,402,014
BPER Banca SPA
 
464,368
7,534,287
FinecoBank Banca Fineco SpA
 
187,104
5,111,330
Intesa Sanpaolo SpA
 
4,685,697
35,420,648
UniCredit SpA
 
459,484
43,334,793
 
 
 
108,571,764
Capital Markets - 0.0%
 
 
 
Azimut Holding SpA
 
33,895
1,434,848
Financial Services - 0.0%
 
 
 
Banca Mediolanum SpA
 
65,824
1,758,718
Poste Italiane SpA
 
139,408
4,213,476
 
 
 
5,972,194
Insurance - 0.2%
 
 
 
Generali
 
317,537
16,092,472
Unipol Assicurazioni SpA
 
137,823
4,302,251
 
 
 
20,394,723
TOTAL FINANCIALS
 
 
136,373,529
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Recordati Industria Chimica e Farmaceutica SpA
 
32,960
1,963,104
Industrials - 0.2%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Leonardo SpA
 
121,648
7,732,145
Electrical Equipment - 0.1%
 
 
 
Prysmian SpA
 
90,392
12,473,494
Machinery - 0.0%
 
 
 
Interpump Group SpA
 
24,791
993,138
Passenger Airlines - 0.0%
 
 
 
Ryanair Holdings PLC
 
159,041
4,459,748
TOTAL INDUSTRIALS
 
 
25,658,525
Utilities - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
Enel SpA
 
2,352,821
26,571,363
Terna - Rete Elettrica Nazionale
 
429,083
4,934,116
 
 
 
31,505,479
Gas Utilities - 0.0%
 
 
 
Italgas SpA
 
186,732
1,926,342
Snam SpA
 
622,127
4,224,085
 
 
 
6,150,427
Multi-Utilities - 0.0%
 
 
 
A2A SpA
 
474,415
1,241,306
Hera SpA
 
247,817
1,083,640
 
 
 
2,324,946
TOTAL UTILITIES
 
 
39,980,852
TOTAL ITALY
 
 
250,758,698
JAPAN - 16.0%
 
 
 
Communication Services - 0.9%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Internet Initiative Japan Inc (e)
 
42,700
937,348
NTT Inc (e)
 
9,102,400
8,724,777
 
 
 
9,662,125
Entertainment - 0.2%
 
 
 
Capcom Co Ltd
 
102,900
2,584,886
Konami Group Corp
 
31,600
4,070,697
Nexon Co Ltd
 
116,900
1,832,110
Nintendo Co Ltd
 
353,300
16,853,178
Square Enix Holdings Co Ltd
 
80,800
1,406,772
Toho Co Ltd/Tokyo (e)
 
179,400
1,722,733
 
 
 
28,470,376
Interactive Media & Services - 0.0%
 
 
 
LY Corp
 
746,700
2,080,488
Media - 0.0%
 
 
 
CyberAgent Inc
 
127,000
1,160,311
Dentsu Group Inc (b)
 
66,600
1,477,772
Hakuhodo DY Holdings Inc
 
86,400
705,148
Kadokawa Corp
 
38,800
849,037
 
 
 
4,192,268
Wireless Telecommunication Services - 0.6%
 
 
 
KDDI Corp
 
855,200
15,755,963
SoftBank Corp
 
8,771,300
12,311,203
SoftBank Group Corp
 
1,183,600
36,866,191
 
 
 
64,933,357
TOTAL COMMUNICATION SERVICES
 
 
109,338,614
Consumer Discretionary - 2.5%
 
 
 
Automobile Components - 0.4%
 
 
 
Aisin Corp
 
170,200
2,346,498
Bridgestone Corp
 
357,900
8,838,496
Denso Corp
 
594,800
7,303,492
GS Yuasa Corp
 
30,400
1,023,778
JTEKT Corp
 
72,200
988,649
Koito Manufacturing Co Ltd
 
68,400
1,143,171
NHK Spring Co Ltd
 
56,000
1,241,496
Nifco Inc/Japan
 
26,000
841,680
Niterra Co Ltd
 
50,500
2,949,131
Stanley Electric Co Ltd
 
31,900
695,124
Sumitomo Electric Industries Ltd
 
968,000
12,811,575
Sumitomo Rubber Industries Ltd
 
55,900
790,914
Toyo Tire Corp
 
36,600
970,794
Yokohama Rubber Co Ltd/The (e)
 
44,200
2,099,538
 
 
 
44,044,336
Automobiles - 0.8%
 
 
 
Honda Motor Co Ltd
 
1,188,600
11,980,639
Isuzu Motors Ltd
 
162,900
2,430,395
Mazda Motor Corp
 
186,000
1,356,050
Nissan Motor Co Ltd (b)(e)
 
726,900
1,534,687
Subaru Corp
 
171,300
2,915,944
Suzuki Motor Corp
 
599,800
7,829,520
Toyota Motor Corp
 
3,609,500
68,308,642
Yamaha Motor Co Ltd (e)
 
307,800
2,574,712
 
 
 
98,930,589
Broadline Retail - 0.1%
 
 
 
Isetan Mitsukoshi Holdings Ltd
 
106,700
2,381,475
J Front Retailing Co Ltd
 
81,500
1,516,532
Pan Pacific International Holdings Corp
 
814,900
4,565,416
Rakuten Group Inc (b)
 
461,300
2,405,288
Ryohin Keikaku Co Ltd
 
171,400
4,495,871
Takashimaya Co Ltd
 
92,100
1,316,649
 
 
 
16,681,231
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Food & Life Cos Ltd
 
70,300
2,454,416
McDonald's Holdings Co Japan Ltd (e)
 
26,100
1,317,512
Oriental Land Co Ltd/Japan
 
368,100
7,347,149
Skylark Holdings Co Ltd
 
68,800
1,355,797
Zensho Holdings Co Ltd
 
28,100
1,754,607
 
 
 
14,229,481
Household Durables - 0.6%
 
 
 
Casio Computer Co Ltd
 
62,500
686,777
Haseko Corp
 
61,100
1,063,122
Iida Group Holdings Co Ltd
 
51,700
740,182
Nikon Corp
 
95,100
1,130,011
Open House Group Co Ltd
 
17,600
935,222
Panasonic Holdings Corp
 
748,000
19,778,966
Rinnai Corp
 
33,500
749,138
Sekisui House Ltd
 
198,500
4,345,619
Sony Group Corp
 
1,874,000
43,793,269
Sumitomo Forestry Co Ltd
 
188,800
1,592,419
 
 
 
74,814,725
Leisure Products - 0.1%
 
 
 
Bandai Namco Holdings Inc
 
197,300
5,715,629
Sankyo Co Ltd
 
63,300
734,584
Sega Sammy Holdings Inc
 
45,800
791,202
Shimano Inc
 
24,200
3,054,771
Yamaha Corp
 
139,900
1,084,453
 
 
 
11,380,639
Specialty Retail - 0.3%
 
 
 
Fast Retailing Co Ltd
 
64,000
31,338,833
Nitori Holdings Co Ltd
 
131,900
2,127,943
Sanrio Co Ltd
 
319,700
2,565,311
Shimamura Co Ltd
 
43,300
911,406
USS Co Ltd
 
124,500
1,572,295
Yamada Holdings Co Ltd
 
180,300
805,342
ZOZO Inc
 
125,200
888,636
 
 
 
40,209,766
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Asics Corp
 
224,200
6,610,412
Goldwin Inc
 
38,300
550,140
 
 
 
7,160,552
TOTAL CONSUMER DISCRETIONARY
 
 
307,451,319
Consumer Staples - 0.7%
 
 
 
Beverages - 0.1%
 
 
 
Asahi Group Holdings Ltd
 
464,600
4,848,659
Coca-Cola Bottlers Japan Holdings Inc
 
44,700
1,074,182
Kirin Holdings Co Ltd
 
249,000
4,606,439
Sapporo Breweries Ltd
 
119,000
1,502,576
Suntory Beverage & Food Ltd
 
39,000
1,130,690
 
 
 
13,162,546
Consumer Staples Distribution & Retail - 0.2%
 
 
 
Aeon Co Ltd
 
849,600
7,289,330
Cosmos Pharmaceutical Corp
 
14,200
572,756
Kobe Bussan Co Ltd
 
44,800
783,268
MatsukiyoCocokara & Co
 
115,400
1,841,459
Seven & i Holdings Co Ltd
 
730,600
9,687,847
Sugi Holdings Co Ltd
 
34,100
604,323
Sundrug Co Ltd
 
20,600
486,476
Tsuruha Holdings Inc
 
70,300
1,073,183
 
 
 
22,338,642
Food Products - 0.2%
 
 
 
Ajinomoto Co Inc
 
274,300
8,458,970
Calbee Inc
 
31,600
573,306
Ezaki Glico Co Ltd
 
16,800
532,652
Kewpie Corp
 
34,800
994,510
Kikkoman Corp
 
296,200
3,050,554
MEIJI Holdings Co Ltd
 
80,300
1,909,796
NH Foods Ltd
 
28,600
1,123,210
Nichirei Corp
 
76,800
1,068,216
Nisshin Seifun Group Inc
 
74,100
938,045
Nissin Foods Holdings Co Ltd
 
70,300
1,270,898
Toyo Suisan Kaisha Ltd
 
30,600
1,985,490
Yakult Honsha Co Ltd (e)
 
89,400
1,582,170
Yamazaki Baking Co Ltd
 
46,200
976,335
 
 
 
24,464,152
Household Products - 0.0%
 
 
 
Lion Corp
 
83,700
897,274
Unicharm Corp
 
388,800
2,466,142
 
 
 
3,363,416
Personal Care Products - 0.1%
 
 
 
Kao Corp
 
278,100
5,716,645
Kobayashi Pharmaceutical Co Ltd (e)
 
17,900
628,405
Rohto Pharmaceutical Co Ltd
 
67,000
1,003,407
Shiseido Co Ltd
 
121,700
2,404,019
 
 
 
9,752,476
Tobacco - 0.1%
 
 
 
Japan Tobacco Inc
 
335,200
14,945,526
TOTAL CONSUMER STAPLES
 
 
88,026,758
Energy - 0.1%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Modec Inc
 
14,700
949,425
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Cosmo Energy Holdings Co Ltd
 
38,400
955,586
ENEOS Holdings Inc
 
825,800
6,819,897
Idemitsu Kosan Co Ltd
 
247,585
2,026,862
Inpex Corp
 
280,400
6,462,846
Iwatani Corp
 
63,800
812,110
 
 
 
17,077,301
TOTAL ENERGY
 
 
18,026,726
Financials - 2.9%
 
 
 
Banks - 1.9%
 
 
 
77 Bank Ltd/The
 
69,600
1,507,986
Aozora Bank Ltd
 
42,400
804,570
Chiba Bank Ltd/The
 
208,700
3,392,431
Chugin Financial Group Inc
 
52,500
1,081,783
Daishi Hokuetsu Financial Group Inc
 
77,500
1,113,279
Fukuoka Financial Group Inc
 
57,900
2,646,624
Gunma Bank Ltd/The
 
110,600
1,738,120
Hachijuni Nagano Bank Ltd
 
137,200
2,131,818
Hirogin Holdings Inc
 
91,500
1,252,294
Hokuhoku Financial Group Inc
 
37,000
1,711,945
Iyogin Holdings Inc
 
89,400
2,011,454
Japan Post Bank Co Ltd
 
545,100
10,539,582
Kyoto Financial Group Inc
 
91,000
2,508,322
Kyushu Financial Group Inc
 
126,100
1,159,087
Mebuki Financial Group Inc
 
286,000
2,650,073
Mitsubishi UFJ Financial Group Inc
 
3,616,200
80,773,244
Mizuho Financial Group Inc
 
744,440
38,594,897
Nishi-Nippon Financial Holdings Inc
 
43,800
1,157,539
Rakuten Bank Ltd (b)
 
26,400
902,265
Resona Holdings Inc
 
703,600
9,541,387
Shizuoka Financial Group Inc
 
147,300
2,905,495
Sumitomo Mitsui Financial Group Inc
 
1,166,300
50,114,671
Sumitomo Mitsui Trust Group Inc
 
853,600
8,777,298
Yamaguchi Financial Group Inc
 
64,700
1,196,382
Yokohama Financial Group Inc
 
350,000
3,983,983
 
 
 
234,196,529
Capital Markets - 0.2%
 
 
 
Daiwa Securities Group Inc
 
426,100
4,766,630
Japan Exchange Group Inc
 
315,200
4,287,699
Nomura Holdings Inc
 
875,500
8,470,021
SBI Holdings Inc
 
163,800
3,092,264
 
 
 
20,616,614
Consumer Finance - 0.0%
 
 
 
Credit Saison Co Ltd
 
44,700
1,266,227
Marui Group Co Ltd
 
55,500
1,033,940
 
 
 
2,300,167
Financial Services - 0.1%
 
 
 
GMO Payment Gateway Inc (e)
 
13,500
841,229
Mitsubishi HC Capital Inc
 
293,200
2,699,553
ORIX Corp
 
342,700
13,831,151
Sony Financial Group Inc
 
1,635,600
1,585,695
Tokyo Century Corp
 
55,500
906,932
Zenkoku Hosho Co Ltd
 
30,500
599,052
 
 
 
20,463,612
Insurance - 0.7%
 
 
 
Daiichi Life Group Inc
 
1,103,900
13,310,130
Japan Post Holdings Co Ltd
 
496,300
7,342,442
Japan Post Insurance Co Ltd
 
164,200
1,808,024
MS&AD Insurance Group Holdings Inc
 
368,500
11,343,746
Sompo Holdings Inc
 
284,800
12,644,162
T&D Holdings Inc
 
149,200
4,702,162
Tokio Marine Holdings Inc
 
589,400
30,039,596
 
 
 
81,190,262
TOTAL FINANCIALS
 
 
358,767,184
Health Care - 0.8%
 
 
 
Health Care Equipment & Supplies - 0.2%
 
 
 
Asahi Intecc Co Ltd
 
72,100
1,626,658
Hoya Corp
 
102,000
15,597,537
Olympus Corp
 
339,900
3,884,848
Sysmex Corp
 
145,000
1,464,138
Terumo Corp
 
451,400
6,621,991
 
 
 
29,195,172
Health Care Providers & Services - 0.0%
 
 
 
Alfresa Holdings Corp
 
54,400
789,073
Medipal Holdings Corp
 
62,600
1,127,208
Suzuken Co Ltd/Aichi Japan
 
19,300
615,728
 
 
 
2,532,009
Health Care Technology - 0.0%
 
 
 
M3 Inc (e)
 
129,200
1,447,450
Pharmaceuticals - 0.6%
 
 
 
Astellas Pharma Inc
 
551,900
7,580,239
Chugai Pharmaceutical Co Ltd
 
194,500
8,439,618
Daiichi Sankyo Co Ltd
 
577,700
9,336,522
Eisai Co Ltd
 
88,300
2,654,550
Kyowa Kirin Co Ltd
 
71,900
1,154,177
Nippon Shinyaku Co Ltd
 
17,900
380,746
Ono Pharmaceutical Co Ltd
 
143,900
2,150,585
Otsuka Holdings Co Ltd
 
157,300
10,907,093
Santen Pharmaceutical Co Ltd
 
99,100
1,169,995
Shionogi & Co Ltd
 
244,600
4,422,684
Takeda Pharmaceutical Co Ltd
 
484,884
16,648,804
 
 
 
64,845,013
TOTAL HEALTH CARE
 
 
98,019,644
Industrials - 4.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
NIPPON EXPRESS HOLDINGS INC
 
66,000
2,178,209
Sankyu Inc
 
14,700
869,546
SG Holdings Co Ltd (e)
 
143,900
1,431,697
Yamato Holdings Co Ltd
 
89,700
1,164,052
 
 
 
5,643,504
Building Products - 0.2%
 
 
 
AGC Inc
 
65,700
2,477,746
Daikin Industries Ltd
 
89,300
12,935,540
Lixil Corp
 
86,700
941,635
Nichias Corp
 
52,600
1,090,202
Nitto Boseki Co Ltd (e)
 
52,500
901,699
Sanwa Holdings Corp
 
67,300
1,442,648
Takasago Thermal Engineering Co Ltd
 
35,200
932,175
TOTO Ltd
 
45,200
1,961,643
 
 
 
22,683,288
Commercial Services & Supplies - 0.1%
 
 
 
ALSOK Co Ltd
 
109,300
803,411
Dai Nippon Printing Co Ltd
 
134,400
2,436,971
Kokuyo Co Ltd
 
120,300
684,944
Secom Co Ltd
 
125,200
5,393,125
TOPPAN Holdings Inc
 
81,900
2,296,546
 
 
 
11,614,997
Construction & Engineering - 0.2%
 
 
 
COMSYS Holdings Corp
 
35,900
1,178,363
EXEO Group Inc
 
58,000
947,075
INFRONEER Holdings Inc
 
69,200
1,119,558
JGC Holdings Corp
 
75,100
1,050,361
Kajima Corp
 
137,300
4,587,776
Kandenko Co Ltd
 
37,900
1,260,632
Kinden Corp (e)
 
35,000
1,540,295
Kraftia Corp
 
16,000
841,404
Obayashi Corp
 
196,800
3,867,967
Penta-Ocean Construction Co Ltd
 
85,100
792,105
Shimizu Corp
 
166,600
2,454,157
Taisei Corp
 
49,800
4,033,923
 
 
 
23,673,616
Electrical Equipment - 0.4%
 
 
 
Fuji Electric Co Ltd
 
45,600
3,979,481
Fujikura Ltd
 
503,200
12,769,384
Furukawa Electric Co Ltd
 
215,500
4,112,155
Mabuchi Motor Co Ltd
 
64,600
669,177
Mitsubishi Electric Corp
 
644,200
23,206,096
NIDEC CORP (b)
 
320,600
5,148,145
 
 
 
49,884,438
Ground Transportation - 0.3%
 
 
 
Central Japan Railway Co
 
287,200
7,146,929
East Japan Railway Co
 
346,300
7,967,860
Hankyu Hanshin Holdings Inc
 
73,300
2,168,795
Keikyu Corp
 
78,700
768,244
Keio Corp
 
169,400
860,631
Keisei Electric Railway Co Ltd
 
151,900
1,220,798
Kintetsu Group Holdings Co Ltd
 
59,400
1,290,257
Kyushu Railway Co
 
47,300
1,067,359
Nagoya Railroad Co Ltd
 
58,400
694,215
Nankai Electric Railway Co Ltd
 
32,300
604,710
Nikkon Holdings Co Ltd
 
35,900
1,133,110
Odakyu Electric Railway Co Ltd
 
104,700
1,158,822
Seibu Holdings Inc
 
74,800
1,675,137
Seino Holdings Co Ltd
 
37,800
624,155
Tobu Railway Co Ltd
 
61,700
1,196,827
Tokyo Metro Co Ltd (e)
 
85,300
776,712
Tokyu Corp
 
172,500
1,893,695
West Japan Railway Co
 
138,100
2,605,922
 
 
 
34,854,178
Industrial Conglomerates - 0.4%
 
 
 
Hikari Tsushin Inc
 
7,000
1,711,617
Hitachi Ltd
 
1,382,200
45,295,462
Keihan Holdings Co Ltd
 
29,900
612,798
Sekisui Chemical Co Ltd
 
120,200
2,000,542
 
 
 
49,620,419
Machinery - 0.9%
 
 
 
Amada Co Ltd
 
96,100
1,648,708
Daifuku Co Ltd
 
116,100
4,276,685
DMG Mori Co Ltd (e)
 
40,800
933,500
Ebara Corp
 
127,100
4,314,740
FANUC Corp
 
281,600
11,347,213
Hitachi Construction Machinery Co Ltd
 
41,100
1,369,875
Hoshizaki Corp
 
32,900
1,173,330
IHI Corp
 
330,500
5,778,778
Japan Steel Works Ltd/The
 
22,500
1,042,488
Kawasaki Heavy Industries Ltd
 
256,500
4,382,215
Komatsu Ltd
 
283,600
12,305,478
Kubota Corp
 
305,700
5,186,352
Kurita Water Industries Ltd
 
32,900
1,767,958
Makita Corp
 
85,700
2,760,432
MINEBEA MITSUMI Inc
 
122,700
2,794,385
MISUMI Group Inc
 
86,200
2,050,782
Mitsubishi Heavy Industries Ltd
 
1,028,400
24,025,829
Mitsui E&S Co Ltd
 
30,700
925,891
Miura Co Ltd
 
35,100
703,769
Nabtesco Corp
 
36,500
1,049,118
NGK Corp
 
75,100
2,569,502
NSK Ltd
 
141,900
1,010,746
SMC Corp
 
18,100
7,820,292
Sumitomo Heavy Industries Ltd
 
37,400
1,209,027
THK Co Ltd
 
33,900
1,394,968
Yaskawa Electric Corp
 
81,600
2,429,869
 
 
 
106,271,930
Marine Transportation - 0.1%
 
 
 
Kawasaki Kisen Kaisha Ltd
 
193,600
3,449,727
Mitsui OSK Lines Ltd
 
110,700
4,089,473
Nippon Yusen KK
 
124,600
4,784,330
 
 
 
12,323,530
Passenger Airlines - 0.0%
 
 
 
ANA Holdings Inc
 
50,000
976,589
Japan Airlines Co Ltd
 
43,000
793,115
 
 
 
1,769,704
Professional Services - 0.3%
 
 
 
BayCurrent Inc
 
40,400
1,822,207
Persol Holdings Co Ltd
 
551,300
915,282
Recruit Holdings Co Ltd
 
448,700
35,483,565
 
 
 
38,221,054
Trading Companies & Distributors - 1.1%
 
 
 
ITOCHU Corp
 
2,146,200
26,933,977
Marubeni Corp
 
505,900
16,351,035
Mitsubishi Corp
 
1,130,400
33,790,799
Mitsui & Co Ltd
 
872,600
26,775,106
MonotaRO Co Ltd
 
75,600
954,012
Nagase & Co Ltd
 
123,700
872,489
Sojitz Corp
 
64,040
2,139,609
Sumitomo Corp
 
1,456,200
15,115,304
Toyota Tsusho Corp
 
216,800
8,998,359
 
 
 
131,930,690
Transportation Infrastructure - 0.0%
 
 
 
Japan Airport Terminal Co Ltd
 
27,900
986,979
Kamigumi Co Ltd
 
27,000
876,806
Mitsubishi Logistics Corp
 
94,300
945,503
 
 
 
2,809,288
TOTAL INDUSTRIALS
 
 
491,300,636
Information Technology - 2.6%
 
 
 
Electronic Equipment, Instruments & Components - 0.9%
 
 
 
Alps Alpine Co Ltd
 
48,000
657,502
Azbil Corp
 
145,200
1,503,549
Dexerials Corp
 
52,700
1,063,795
Hamamatsu Photonics KK
 
89,200
1,269,948
Hirose Electric Co Ltd
 
9,400
1,583,983
Horiba Ltd
 
12,800
2,008,978
Ibiden Co Ltd
 
85,900
8,593,680
Jeol Ltd
 
15,300
776,733
Keyence Corp
 
60,800
30,496,491
Kyocera Corp
 
428,400
9,770,431
Meiko Electronics Co Ltd
 
6,400
803,902
Murata Manufacturing Co Ltd
 
562,400
25,625,396
Omron Corp
 
58,700
1,962,895
Shimadzu Corp
 
82,700
2,103,270
Taiyo Yuden Co Ltd
 
39,700
2,455,093
TDK Corp
 
592,800
11,398,636
Yokogawa Electric Corp
 
70,100
2,500,097
 
 
 
104,574,379
IT Services - 0.3%
 
 
 
BIPROGY Inc
 
23,200
711,948
Fujitsu Ltd
 
530,600
12,229,945
NEC Corp
 
416,000
12,362,966
Nomura Research Institute Ltd
 
133,100
3,937,571
Obic Co Ltd
 
99,500
2,854,014
Otsuka Corp
 
70,900
1,462,990
TISI Inc
 
59,600
1,428,873
 
 
 
34,988,307
Semiconductors & Semiconductor Equipment - 1.2%
 
 
 
Advantest Corp
 
223,100
44,080,531
Disco Corp
 
28,800
10,294,111
Kioxia Holdings Corp (b)
 
56,600
15,776,483
Kokusai Electric Corp
 
56,700
2,552,336
Lasertec Corp
 
24,500
5,628,442
Renesas Electronics Corp
 
570,300
11,430,956
Rohm Co Ltd
 
104,800
2,778,935
SCREEN Holdings Co Ltd
 
58,200
4,439,766
Socionext Inc
 
54,900
644,582
SUMCO Corp
 
106,800
2,171,247
Tokyo Electron Ltd
 
142,600
47,676,498
Tokyo Seimitsu Co Ltd
 
12,200
1,270,366
Ulvac Inc
 
13,700
722,562
 
 
 
149,466,815
Software - 0.0%
 
 
 
Oracle Corp Japan
 
10,100
567,455
Trend Micro Inc/Japan (e)
 
37,800
1,523,032
 
 
 
2,090,487
Technology Hardware, Storage & Peripherals - 0.2%
 
 
 
Brother Industries Ltd
 
78,500
1,954,901
Canon Inc
 
275,900
7,679,711
FUJIFILM Holdings Corp
 
378,900
8,919,171
Konica Minolta Inc
 
154,100
563,023
Ricoh Co Ltd
 
173,600
1,703,534
Seiko Epson Corp
 
94,900
1,738,289
 
 
 
22,558,629
TOTAL INFORMATION TECHNOLOGY
 
 
313,678,617
Materials - 0.8%
 
 
 
Chemicals - 0.6%
 
 
 
ADEKA Corp
 
31,600
771,268
Air Water Inc
 
68,500
1,074,314
Asahi Kasei Corp
 
417,200
4,453,586
Daicel Corp
 
73,900
666,808
DIC Corp
 
25,500
701,249
Kaneka Corp
 
19,300
686,623
Kansai Paint Co Ltd
 
45,400
803,651
Kuraray Co Ltd
 
95,000
1,089,600
Mitsubishi Chemical Group Corp
 
414,600
3,050,980
Mitsubishi Gas Chemical Co Inc
 
58,900
1,521,404
Mitsui Chemicals Inc
 
113,500
1,492,273
Nippon Paint Holdings Co Ltd
 
323,400
2,440,355
Nippon Sanso Holdings Corp
 
64,200
2,307,942
Nissan Chemical Corp
 
41,400
1,924,380
Nitto Denko Corp
 
207,800
4,387,991
NOF Corp
 
73,200
1,271,880
Resonac Holdings Corp (e)
 
56,400
4,698,071
Shin-Etsu Chemical Co Ltd
 
605,100
21,571,899
Sumitomo Chemical Co Ltd
 
509,400
1,648,322
Teijin Ltd
 
59,300
604,358
Tokyo Ohka Kogyo Co Ltd
 
36,300
1,965,930
Toray Industries Inc
 
461,800
3,317,227
Tosoh Corp
 
100,500
1,690,257
Zeon Corp
 
56,600
793,731
 
 
 
64,934,099
Construction Materials - 0.0%
 
 
 
Taiheiyo Cement Corp
 
34,100
863,504
Containers & Packaging - 0.0%
 
 
 
Toyo Seikan Group Holdings Ltd
 
35,900
912,182
Metals & Mining - 0.2%
 
 
 
Dowa Holdings Co Ltd
 
17,300
882,666
JFE Holdings Inc
 
193,000
2,189,801
JX Advanced Metals Corp
 
168,600
3,906,157
Kobe Steel Ltd
 
121,700
1,575,202
Maruichi Steel Tube Ltd
 
64,800
723,651
Mitsubishi Materials Corp
 
40,200
1,043,370
Mitsui Kinzoku Co Ltd
 
17,500
3,294,780
Nippon Steel Corp
 
1,638,300
6,674,142
Sumitomo Metal Mining Co Ltd
 
83,400
4,192,137
Yamato Kogyo Co Ltd
 
12,900
1,085,976
 
 
 
25,567,882
Paper & Forest Products - 0.0%
 
 
 
Oji Holdings Corp
 
275,600
1,515,468
TOTAL MATERIALS
 
 
93,793,135
Real Estate - 0.5%
 
 
 
Diversified REITs - 0.0%
 
 
 
Activia Properties Inc
 
657
588,457
Daiwa House REIT Investment Corp
 
1,409
1,090,924
KDX Realty Investment Corp
 
1,235
1,207,032
Nomura Real Estate Master Fund Inc
 
1,338
1,279,721
Sekisui House Reit Inc
 
1,323
629,221
United Urban Investment Corp
 
959
980,010
 
 
 
5,775,365
Hotel & Resort REITs - 0.0%
 
 
 
Invincible Investment Corp
 
2,407
922,425
Japan Hotel REIT Investment Corp
 
1,779
906,518
 
 
 
1,828,943
Industrial REITs - 0.0%
 
 
 
GLP J-REIT
 
1,481
1,345,863
Industrial & Infrastructure Fund Investment Corp
 
756
668,920
LaSalle Logiport REIT
 
512
489,773
Mitsui Fudosan Logistics Park Inc
 
965
653,643
 
 
 
3,158,199
Office REITs - 0.1%
 
 
 
Japan Prime Realty Investment Corp
 
1,235
758,867
Japan Real Estate Investment Corp
 
2,210
1,691,203
Nippon Building Fund Inc
 
2,714
2,289,277
Orix JREIT Inc
 
1,725
1,116,247
 
 
 
5,855,594
Real Estate Management & Development - 0.4%
 
 
 
Daito Trust Construction Co Ltd
 
93,400
1,971,494
Daiwa House Industry Co Ltd
 
185,500
5,447,498
Hulic Co Ltd
 
204,600
2,249,526
Mitsubishi Estate Co Ltd
 
371,300
9,014,118
Mitsui Fudosan Co Ltd
 
841,200
8,194,479
Nomura Real Estate Holdings Inc
 
158,500
910,815
Sumitomo Realty & Development Co Ltd
 
285,700
6,403,776
Tokyo Tatemono Co Ltd
 
64,600
1,363,142
Tokyu Fudosan Holdings Corp
 
183,100
1,521,823
 
 
 
37,076,671
Residential REITs - 0.0%
 
 
 
Advance Residence Investment Corp
 
890
825,772
Mitsui Fudosan Accommodations Fund Inc
 
778
599,409
 
 
 
1,425,181
Retail REITs - 0.0%
 
 
 
Japan Metropolitan Fund Invest
 
2,218
1,638,364
TOTAL REAL ESTATE
 
 
56,758,317
Utilities - 0.2%
 
 
 
Electric Utilities - 0.1%
 
 
 
Chubu Electric Power Co Inc
 
231,500
4,008,440
Chugoku Electric Power Co Inc/The
 
95,300
558,482
Kansai Electric Power Co Inc/The
 
313,500
4,747,794
Kyushu Electric Power Co Inc
 
145,900
1,616,431
Tohoku Electric Power Co Inc
 
150,300
1,104,445
Tokyo Electric Power Co Holdings Inc (b)
 
233,000
752,199
 
 
 
12,787,791
Gas Utilities - 0.1%
 
 
 
Osaka Gas Co Ltd
 
121,400
4,165,103
Toho Gas Co Ltd
 
101,800
737,284
Tokyo Gas Co Ltd
 
88,000
3,397,228
 
 
 
8,299,615
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Electric Power Development Co Ltd
 
49,500
1,170,990
TOTAL UTILITIES
 
 
22,258,396
TOTAL JAPAN
 
 
1,957,419,346
KOREA (SOUTH) - 5.8%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
LG Uplus Corp
 
62,976
638,000
Entertainment - 0.0%
 
 
 
HYBE Co Ltd (e)
 
6,703
775,273
JYP Entertainment Corp
 
7,980
237,338
Krafton Inc
 
8,705
1,453,505
NC Corp
 
4,347
698,311
Pearl Abyss Corp (b)(e)
 
9,634
224,069
 
 
 
3,388,496
Interactive Media & Services - 0.1%
 
 
 
Kakao Corp
 
95,357
2,428,041
NAVER Corp
 
43,137
6,101,633
 
 
 
8,529,674
Wireless Telecommunication Services - 0.0%
 
 
 
SK Telecom Co Ltd
 
31,907
1,781,442
TOTAL COMMUNICATION SERVICES
 
 
14,337,612
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.1%
 
 
 
Hankook Tire & Technology Co Ltd
 
21,893
1,007,694
HL Mando Co Ltd
 
9,918
301,092
Hyundai Mobis Co Ltd
 
18,009
5,754,532
 
 
 
7,063,318
Automobiles - 0.2%
 
 
 
Hyundai Motor Co
 
41,343
10,823,055
Kia Corp
 
74,079
6,599,066
 
 
 
17,422,121
Broadline Retail - 0.0%
 
 
 
Shinsegae Inc
 
1,914
547,173
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Hanjin Kal Corp (e)
 
8,451
638,044
Kangwon Land Inc
 
36,625
371,197
 
 
 
1,009,241
Household Durables - 0.0%
 
 
 
Coway Co Ltd
 
15,571
974,681
LG Electronics Inc
 
31,809
3,483,581
 
 
 
4,458,262
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Youngone Corp
 
5,893
361,698
TOTAL CONSUMER DISCRETIONARY
 
 
30,861,813
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
E-MART Inc
 
5,626
305,956
Food Products - 0.0%
 
 
 
CJ CheilJedang Corp
 
2,689
353,245
Orion Corp/Republic of Korea
 
7,129
645,965
Samyang Foods Co Ltd (e)
 
1,259
1,014,197
 
 
 
2,013,407
Personal Care Products - 0.0%
 
 
 
Amorepacific Corp
 
8,996
801,508
APR Corp/Korea
 
7,337
1,608,854
Cosmax Inc
 
2,516
319,234
LG H&H Co Ltd
 
2,771
547,035
 
 
 
3,276,631
Tobacco - 0.0%
 
 
 
KT&G Corp
 
29,972
3,685,044
TOTAL CONSUMER STAPLES
 
 
9,281,038
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
HD Hyundai Co Ltd
 
13,578
1,842,149
S-Oil Corp
 
12,795
1,132,160
SK Innovation Co Ltd (b)
 
21,387
1,618,604
TOTAL ENERGY
 
 
4,592,913
Financials - 0.5%
 
 
 
Banks - 0.4%
 
 
 
BNK Financial Group Inc
 
86,922
900,110
Hana Financial Group Inc
 
84,030
7,176,570
iM Financial Group Co Ltd
 
44,194
511,981
Industrial Bank of Korea
 
79,281
1,123,049
JB Financial Group Co Ltd
 
33,739
607,974
KakaoBank Corp
 
104,587
1,584,961
KB Financial Group Inc
 
105,927
12,249,031
Shinhan Financial Group Co Ltd
 
137,829
9,453,604
Woori Financial Group Inc
 
208,208
4,762,211
 
 
 
38,369,491
Capital Markets - 0.0%
 
 
 
KIWOOM Securities Co Ltd
 
4,206
829,787
Korea Investment Holdings Co Ltd
 
12,270
1,711,477
Mirae Asset Securities Co Ltd (e)
 
59,134
1,387,963
NH Investment & Securities Co Ltd
 
46,210
894,265
Samsung Securities Co Ltd
 
19,343
1,295,396
 
 
 
6,118,888
Financial Services - 0.0%
 
 
 
Meritz Financial Group Inc (b)
 
21,678
1,837,984
Insurance - 0.1%
 
 
 
DB Insurance Co Ltd
 
12,232
1,308,751
Hyundai Marine & Fire Insurance Co Ltd (b)
 
16,783
441,080
Samsung Fire & Marine Insurance Co Ltd
 
9,836
4,206,106
Samsung Life Insurance Co Ltd
 
32,351
6,700,287
 
 
 
12,656,224
TOTAL FINANCIALS
 
 
58,982,587
Health Care - 0.2%
 
 
 
Biotechnology - 0.2%
 
 
 
ABLBio Inc (b)
 
12,041
551,467
Alteogen Inc
 
12,942
2,740,675
Celltrion Inc
 
48,720
6,203,520
PharmaResearch Co Ltd
 
1,795
416,602
Samsung Episholdings Co Ltd (e)
 
1,962
503,344
 
 
 
10,415,608
Health Care Equipment & Supplies - 0.0%
 
 
 
HLB Co Ltd (b)(e)
 
37,714
792,762
Life Sciences Tools & Services - 0.0%
 
 
 
LigaChem Biosciences Inc (b)
 
7,708
459,413
Peptron Inc (b)
 
6,304
552,202
Samsung Biologics Co Ltd (b)(c)(d)
 
3,711
3,772,336
 
 
 
4,783,951
Pharmaceuticals - 0.0%
 
 
 
Hanall Biopharma Co Ltd (b)
 
10,427
306,674
Hanmi Pharm Co Ltd
 
1,906
434,122
Sam Chun Dang Pharm Co Ltd
 
4,463
454,734
SK Biopharmaceuticals Co Ltd (b)
 
8,682
471,310
Yuhan Corp
 
17,892
902,693
 
 
 
2,569,533
TOTAL HEALTH CARE
 
 
18,561,854
Industrials - 0.8%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Hanwha Aerospace Co Ltd
 
10,077
6,391,904
Hanwha Systems Co Ltd
 
22,753
984,572
Korea Aerospace Industries Ltd (e)
 
21,868
1,923,710
LIG Defense&Aerospace Co Ltd
 
4,045
1,952,825
 
 
 
11,253,011
Air Freight & Logistics - 0.0%
 
 
 
Hyundai Glovis Co Ltd
 
13,340
1,807,630
Construction & Engineering - 0.0%
 
 
 
Daewoo Engineering & Construction Co Ltd (b)(e)
 
58,504
495,989
DL E&C Co Ltd
 
8,573
338,764
GS Engineering & Construction Corp
 
19,903
312,591
Hyundai Engineering & Construction Co Ltd
 
21,834
1,397,798
KEPCO Engineering & Construction Co Inc
 
5,289
319,543
Samsung E&A Co Ltd
 
48,239
1,410,879
 
 
 
4,275,564
Electrical Equipment - 0.2%
 
 
 
Doosan Enerbility Co Ltd (b)
 
137,442
6,223,445
Ecopro BM Co Ltd (e)
 
15,920
1,123,587
Ecopro Co Ltd (e)
 
31,892
1,724,981
HD Hyundai Electric Co Ltd
 
6,972
3,185,480
Hyosung Heavy Industries Corp
 
1,577
2,532,310
L&F Co Ltd (b)
 
9,094
452,590
LG Energy Solution Ltd (b)(e)
 
12,736
2,846,793
LS Corp
 
4,987
889,225
LS Electric Co Ltd
 
23,415
2,913,047
POSCO Future M Co Ltd
 
10,726
1,005,647
Taihan Cable & Solution Co Ltd (b)
 
32,239
506,843
 
 
 
23,403,948
Industrial Conglomerates - 0.4%
 
 
 
CJ Corp
 
3,952
350,228
Doosan Co Ltd
 
2,055
1,603,186
GS Holdings Corp
 
13,167
804,881
Hanwha Corp (f)
 
8,277
480,686
LG Corp
 
27,065
1,854,011
Samsung C&T Corp
 
25,756
5,928,398
SK Inc
 
11,083
4,091,025
SK Square Co Ltd
 
26,953
18,311,500
 
 
 
33,423,915
Machinery - 0.1%
 
 
 
Doosan Bobcat Inc
 
15,209
618,612
Hanwha Ocean Co Ltd (b)
 
39,861
2,331,545
HD Construction Equipment Co Ltd
 
9,157
771,843
HD Hyundai Heavy Industries Co Ltd (e)
 
9,975
3,299,828
HD Korea Shipbuilding & Offshore Engineering Co Ltd
 
13,963
3,663,649
Hyundai Elevator Co Ltd
 
6,112
282,615
Hyundai Rotem Co Ltd
 
21,745
1,996,581
Rainbow Robotics (b)
 
2,131
625,898
Samsung Heavy Industries Co Ltd (b)
 
222,778
3,272,654
 
 
 
16,863,225
Marine Transportation - 0.0%
 
 
 
HMM Co Ltd
 
96,637
1,391,266
Passenger Airlines - 0.0%
 
 
 
Korean Air Lines Co Ltd
 
55,490
971,294
Trading Companies & Distributors - 0.0%
 
 
 
Posco International Corp
 
13,817
497,715
TOTAL INDUSTRIALS
 
 
93,887,568
Information Technology - 3.8%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
Hanwha Vision Co Ltd (b)
 
9,979
280,083
IsuPetasys Co Ltd
 
16,189
803,104
LG Display Co Ltd (b)(e)
 
95,537
593,871
LG Innotek Co Ltd
 
4,210
1,436,686
Samsung Electro-Mechanics Co Ltd
 
16,852
12,723,328
Samsung SDI Co Ltd (b)
 
18,714
5,041,905
 
 
 
20,878,977
IT Services - 0.0%
 
 
 
Samsung SDS Co Ltd
 
11,956
1,665,245
Semiconductors & Semiconductor Equipment - 1.5%
 
 
 
DB HiTek Co Ltd
 
8,918
500,342
Eo Technics Co Ltd
 
2,486
498,053
Hanmi Semiconductor Co Ltd (e)
 
12,923
1,845,789
HPSP Co Ltd
 
14,894
346,747
LEENO Industrial Inc
 
14,970
650,086
SK Hynix Inc
 
162,893
182,776,968
WONIK IPS Co Ltd
 
9,587
621,564
 
 
 
187,239,549
Technology Hardware, Storage & Peripherals - 2.1%
 
 
 
Samsung Electronics Co Ltd
 
1,494,500
257,012,556
TOTAL INFORMATION TECHNOLOGY
 
 
466,796,327
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Dongjin Semichem Co Ltd
 
10,420
274,679
Hansol Chemical Co Ltd
 
3,000
421,466
Hanwha Solutions Corp (b)
 
47,154
820,055
KCC Corp
 
1,224
318,346
Kumho Petrochemical Co Ltd
 
4,147
325,656
LG Chem Ltd
 
13,504
2,363,183
OCI Holdings Co Ltd
 
4,493
585,310
SKC Co Ltd (b)
 
7,853
380,947
 
 
 
5,489,642
Metals & Mining - 0.1%
 
 
 
Hyundai Steel Co
 
26,849
481,748
Korea Zinc Co Ltd
 
3,662
2,467,105
POSCO Holdings Inc
 
22,616
4,824,880
 
 
 
7,773,733
TOTAL MATERIALS
 
 
13,263,375
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Korea Electric Power Corp
 
77,351
1,836,533
TOTAL KOREA (SOUTH)
 
 
712,401,620
KUWAIT - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Mobile Telecommunications Co KSCP
 
743,268
1,434,166
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Al Ahli Bank of Kuwait KSCP
 
496,359
429,942
Boubyan Bank KSCP
 
565,366
1,176,780
Gulf Bank KSCP
 
769,815
875,808
Kuwait Finance House KSCP
 
3,864,666
9,805,310
National Bank of Kuwait SAKP
 
2,808,631
7,788,641
Warba Bank KSCP
 
853,700
769,820
 
 
 
20,846,301
Capital Markets - 0.0%
 
 
 
Boursa Kuwait Securities Co KPSC
 
36,217
328,341
TOTAL FINANCIALS
 
 
21,174,642
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
Agility Global PLC
 
1,361,735
626,554
Industrial Conglomerates - 0.0%
 
 
 
National Industries Group Holding SAK
 
685,135
502,668
TOTAL INDUSTRIALS
 
 
1,129,222
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Mabanee Co KPSC
 
201,959
605,746
TOTAL KUWAIT
 
 
24,343,776
LUXEMBOURG - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Media - 0.0%
 
 
 
SES SA Series A depository receipt
 
96,950
643,396
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Eurofins Scientific SE
 
34,245
2,691,613
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
APERAM SA
 
13,014
682,223
ArcelorMittal SA
 
129,889
9,097,728
TOTAL MATERIALS
 
 
9,779,951
TOTAL LUXEMBOURG
 
 
13,114,960
MACAU - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Galaxy Entertainment Group Ltd
 
625,000
2,725,623
Sands China Ltd
 
676,000
1,268,836
 
 
 
 
TOTAL MACAU
 
 
3,994,459
MALAYSIA - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telekom Malaysia Bhd
 
724,330
1,373,322
TIME dotCom Bhd
 
367,200
539,204
 
 
 
1,912,526
Wireless Telecommunication Services - 0.0%
 
 
 
Axiata Group Berhad
 
1,259,628
612,001
CELCOMDIGI BHD
 
1,020,000
744,221
Maxis Bhd
 
720,000
651,992
 
 
 
2,008,214
TOTAL COMMUNICATION SERVICES
 
 
3,920,740
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Genting Bhd
 
689,400
357,571
Specialty Retail - 0.0%
 
 
 
MR DIY Group M Bhd (c)(d)
 
1,410,400
545,062
Petronas Dagangan Bhd
 
107,000
510,768
 
 
 
1,055,830
TOTAL CONSUMER DISCRETIONARY
 
 
1,413,401
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
99 Speed Mart Retail Holdings Bhd
 
432,700
387,502
Food Products - 0.1%
 
 
 
IOI Corp Bhd
 
1,003,800
1,087,489
Kuala Lumpur Kepong Bhd
 
185,416
954,676
Nestle Malaysia Bhd
 
19,500
482,660
PPB Group Bhd
 
212,900
489,123
QL Resources Bhd
 
514,350
503,170
SD Guthrie Bhd
 
1,151,067
1,833,953
United Plantations BHD
 
94,100
777,583
 
 
 
6,128,654
TOTAL CONSUMER STAPLES
 
 
6,516,156
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Dialog Group Bhd
 
1,429,000
694,130
Yinson Holdings BHD
 
718,100
342,447
TOTAL ENERGY
 
 
1,036,577
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Alliance Bank Malaysia Bhd
 
386,300
450,126
AMMB Holdings Bhd
 
874,000
1,447,542
CIMB Group Holdings Bhd
 
2,587,996
4,997,908
Hong Leong Bank Bhd
 
233,500
1,259,842
Hong Leong Financial Group Bhd
 
73,900
334,888
Malayan Banking Bhd
 
2,335,795
6,227,209
Public Bank Bhd
 
4,648,200
5,876,351
RHB Bank Bhd
 
602,806
1,260,813
 
 
 
21,854,679
Capital Markets - 0.0%
 
 
 
Bursa Malaysia Bhd
 
172,500
362,819
TOTAL FINANCIALS
 
 
22,217,498
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
IHH Healthcare Bhd
 
934,000
1,909,628
Kpj Healthcare Bhd
 
794,300
602,790
TOTAL HEALTH CARE
 
 
2,512,418
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Gamuda Bhd
 
1,796,614
1,877,178
IJM Corp Bhd
 
918,100
539,569
 
 
 
2,416,747
Industrial Conglomerates - 0.0%
 
 
 
Sime Darby Bhd
 
1,081,800
571,316
Sunway Bhd
 
873,300
1,126,784
 
 
 
1,698,100
Marine Transportation - 0.0%
 
 
 
MISC Bhd
 
405,200
785,124
Transportation Infrastructure - 0.0%
 
 
 
Westports Holdings Bhd
 
347,470
605,503
TOTAL INDUSTRIALS
 
 
5,505,474
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Inari Amertron Bhd
 
1,035,700
560,917
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Petronas Chemicals Group Bhd
 
867,400
1,017,342
Metals & Mining - 0.0%
 
 
 
Press Metal Aluminium Holdings Bhd
 
1,118,300
2,170,889
TOTAL MATERIALS
 
 
3,188,231
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
IOI Properties Group Bhd
 
558,800
518,169
Sime Darby Property Bhd
 
1,218,800
401,663
 
 
 
919,832
Retail REITs - 0.0%
 
 
 
Sunway Real Estate Investment Trust
 
615,400
334,138
TOTAL REAL ESTATE
 
 
1,253,970
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Tenaga Nasional Bhd
 
864,500
3,088,399
Gas Utilities - 0.0%
 
 
 
Petronas Gas Bhd
 
300,000
1,287,653
Multi-Utilities - 0.0%
 
 
 
YTL Corp Bhd
 
1,623,900
769,288
YTL Power International Bhd
 
840,540
858,841
 
 
 
1,628,129
TOTAL UTILITIES
 
 
6,004,181
TOTAL MALAYSIA
 
 
54,129,563
MEXICO - 0.6%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
America Movil SAB de CV Series B
 
5,499,200
7,007,555
Consumer Staples - 0.2%
 
 
 
Beverages - 0.2%
 
 
 
Arca Continental SAB de CV
 
151,000
1,730,273
Coca-Cola Femsa SAB de CV unit
 
158,430
1,712,959
Fomento Economico Mexicano SAB de CV unit
 
509,800
6,518,388
 
 
 
9,961,620
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Wal-Mart de Mexico SAB de CV Series V
 
1,476,000
4,282,398
Food Products - 0.0%
 
 
 
Gruma SAB de CV Series B
 
47,005
700,834
Grupo Bimbo SAB de CV
 
422,400
1,511,124
Sigma Foods SAB de CV
 
1,108,989
1,130,792
 
 
 
3,342,750
Household Products - 0.0%
 
 
 
Kimberly-Clark de Mexico SAB de CV Series A
 
412,100
956,518
TOTAL CONSUMER STAPLES
 
 
18,543,286
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Banco del Bajio SA (c)(d)
 
221,200
737,057
Grupo Financiero Banorte SAB de CV
 
739,000
8,558,481
Grupo Financiero Inbursa SAB de CV Series O
 
541,400
1,390,738
 
 
 
10,686,276
Consumer Finance - 0.0%
 
 
 
Gentera SAB de CV
 
313,300
726,291
Insurance - 0.0%
 
 
 
Qualitas Controladora SAB de CV (e)
 
59,700
545,726
TOTAL FINANCIALS
 
 
11,958,293
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Grupo Carso SAB de CV Series A1
 
162,300
1,389,335
Transportation Infrastructure - 0.1%
 
 
 
Grupo Aeroportuario del Centro Norte SAB de CV Series B
 
82,500
1,101,921
Grupo Aeroportuario del Pacifico SAB de CV Series B
 
125,050
2,718,617
Grupo Aeroportuario del Sureste SAB de CV Series B
 
53,180
1,472,717
Promotora y Operadora de Infraestructura SAB de CV
 
54,245
856,576
 
 
 
6,149,831
TOTAL INDUSTRIALS
 
 
7,539,166
Materials - 0.2%
 
 
 
Construction Materials - 0.0%
 
 
 
Cemex SAB de CV unit
 
4,621,400
5,472,728
Metals & Mining - 0.2%
 
 
 
Fresnillo PLC
 
55,712
1,858,375
Grupo Mexico SAB de CV Series B
 
948,000
11,369,760
Industrias Penoles SAB de CV
 
57,045
2,626,056
 
 
 
15,854,191
TOTAL MATERIALS
 
 
21,326,919
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Fibra Uno Administracion SA de CV
 
845,700
1,522,988
Industrial REITs - 0.0%
 
 
 
Prologis Property Mexico SA de CV
 
326,640
1,466,905
Real Estate Management & Development - 0.0%
 
 
 
Corp Inmobiliaria Vesta SAB de CV
 
285,300
989,189
TOTAL REAL ESTATE
 
 
3,979,082
TOTAL MEXICO
 
 
70,354,301
NETHERLANDS - 2.8%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Koninklijke KPN NV
 
1,170,189
5,525,447
Entertainment - 0.0%
 
 
 
Universal Music Group NV
 
308,535
5,090,692
TOTAL COMMUNICATION SERVICES
 
 
10,616,139
Consumer Staples - 0.2%
 
 
 
Beverages - 0.1%
 
 
 
Heineken Holding NV Class A
 
34,237
2,880,095
Heineken NV
 
84,223
7,625,584
 
 
 
10,505,679
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Koninklijke Ahold Delhaize NV
 
270,260
10,708,305
TOTAL CONSUMER STAPLES
 
 
21,213,984
Financials - 0.5%
 
 
 
Banks - 0.3%
 
 
 
ABN AMRO Bank NV depository receipt (d)
 
172,493
7,757,502
ING Groep NV
 
836,316
29,389,447
 
 
 
37,146,949
Capital Markets - 0.0%
 
 
 
Euronext NV (c)
 
28,465
5,205,952
Financial Services - 0.1%
 
 
 
Adyen NV (b)(c)(d)
 
9,626
9,791,724
Insurance - 0.1%
 
 
 
ASR Nederland NV
 
47,750
3,902,859
NN Group NV
 
79,993
7,527,105
 
 
 
11,429,964
TOTAL FINANCIALS
 
 
63,574,589
Health Care - 0.2%
 
 
 
Biotechnology - 0.1%
 
 
 
Argenx SE (b)
 
18,860
16,153,539
Health Care Equipment & Supplies - 0.1%
 
 
 
Koninklijke Philips NV
 
237,338
6,253,350
TOTAL HEALTH CARE
 
 
22,406,889
Industrials - 0.0%
 
 
 
Professional Services - 0.0%
 
 
 
Wolters Kluwer NV
 
71,011
5,574,979
Information Technology - 1.8%
 
 
 
Semiconductors & Semiconductor Equipment - 1.8%
 
 
 
ASM International NV
 
14,144
13,067,695
ASML Holding NV
 
118,278
194,915,696
BE Semiconductor Industries NV
 
22,542
5,153,371
TOTAL INFORMATION TECHNOLOGY
 
 
213,136,762
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Akzo Nobel NV
 
52,312
3,664,066
TOTAL NETHERLANDS
 
 
340,187,408
NEW ZEALAND - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Chorus Ltd (Australia)
 
131,180
724,134
Spark New Zealand Ltd
 
569,572
643,937
TOTAL COMMUNICATION SERVICES
 
 
1,368,071
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
a2 Milk Co Ltd/The (Australia) (e)
 
222,711
1,075,744
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Infratil Ltd
 
305,959
2,655,962
Health Care - 0.1%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Fisher & Paykel Healthcare Corp Ltd
 
178,957
4,280,081
Industrials - 0.0%
 
 
 
Building Products - 0.0%
 
 
 
Fletcher Building Ltd (b)
 
324,780
696,434
Transportation Infrastructure - 0.0%
 
 
 
Auckland International Airport Ltd
 
522,227
2,677,568
TOTAL INDUSTRIALS
 
 
3,374,002
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Xero Ltd (b)(e)
 
52,291
2,610,631
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Contact Energy Ltd
 
310,139
1,658,512
Mercury NZ Ltd
 
210,962
832,484
 
 
 
2,490,996
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Meridian Energy Ltd
 
390,699
1,310,125
TOTAL UTILITIES
 
 
3,801,121
TOTAL NEW ZEALAND
 
 
19,165,612
NORWAY - 0.5%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telenor ASA
 
192,592
2,718,946
Interactive Media & Services - 0.0%
 
 
 
Vend Marketplaces ASA B Shares
 
54,458
1,373,301
TOTAL COMMUNICATION SERVICES
 
 
4,092,247
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Europris ASA (c)(d)
 
52,831
475,492
Consumer Staples - 0.1%
 
 
 
Food Products - 0.1%
 
 
 
Leroy Seafood Group ASA
 
89,687
392,721
Mowi ASA
 
136,981
2,928,235
Orkla ASA
 
229,285
2,546,885
Salmar ASA
 
22,881
1,244,543
TOTAL CONSUMER STAPLES
 
 
7,112,384
Energy - 0.3%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
DOF Group ASA A Shares
 
45,652
599,702
TGS ASA
 
60,752
816,650
 
 
 
1,416,352
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Aker BP ASA
 
92,786
3,274,800
BLUENORD ASA
 
7,217
389,882
DNO ASA A Shares
 
262,352
462,836
Equinor ASA
 
257,606
10,574,967
Frontline PLC (Norway)
 
42,969
1,703,798
Var Energi ASA (e)
 
278,745
1,388,210
 
 
 
17,794,493
TOTAL ENERGY
 
 
19,210,845
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
DNB Bank ASA
 
256,026
8,239,296
SpareBank 1 SMN
 
38,103
789,278
SpareBank 1 Sor-Norge ASA
 
63,738
1,425,741
 
 
 
10,454,315
Insurance - 0.0%
 
 
 
Gjensidige Forsikring ASA
 
57,815
1,721,487
Protector Forsikring ASA
 
17,787
922,240
Storebrand ASA A Shares
 
132,356
2,812,609
 
 
 
5,456,336
TOTAL FINANCIALS
 
 
15,910,651
Industrials - 0.0%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Kongsberg Gruppen ASA
 
134,236
4,195,273
Industrial Conglomerates - 0.0%
 
 
 
Aker ASA A Shares
 
7,171
963,952
Machinery - 0.0%
 
 
 
TOMRA Systems ASA
 
66,095
730,863
TOTAL INDUSTRIALS
 
 
5,890,088
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Kitron ASA
 
65,466
600,263
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Nordic Semiconductor ASA (b)(e)
 
55,021
921,323
TOTAL INFORMATION TECHNOLOGY
 
 
1,521,586
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Norsk Hydro ASA
 
398,238
3,673,359
TOTAL NORWAY
 
 
57,886,652
PERU - 0.1%
 
 
 
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Credicorp Ltd
 
20,711
8,296,412
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Cia de Minas Buenaventura SAA ADR
 
48,971
1,482,842
TOTAL PERU
 
 
9,779,254
PHILIPPINES - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
PLDT Inc
 
25,960
516,113
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Jollibee Foods Corp
 
195,430
474,514
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Universal Robina Corp
 
259,900
250,676
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Bank of the Philippine Islands
 
635,036
1,060,758
BDO Unibank Inc
 
639,407
1,296,108
Metropolitan Bank & Trust Co
 
533,394
571,179
TOTAL FINANCIALS
 
 
2,928,045
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Ayala Corp
 
76,130
635,902
JG Summit Holdings Inc
 
956,700
346,379
SM Investments Corp
 
148,500
1,438,273
TOTAL INDUSTRIALS
 
 
2,420,554
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Ayala Land Inc
 
1,760,700
484,958
SM Prime Holdings Inc
 
3,281,800
980,911
TOTAL REAL ESTATE
 
 
1,465,869
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Manila Electric Co
 
92,160
716,055
TOTAL PHILIPPINES
 
 
8,771,826
POLAND - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Entertainment - 0.0%
 
 
 
CD Projekt SA (b)
 
21,200
1,418,195
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Allegro.eu SA (b)(c)(d)
 
323,088
3,890,652
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
LPP SA
 
387
2,250,114
TOTAL CONSUMER DISCRETIONARY
 
 
6,140,766
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Dino Polska SA (b)(c)(d)
 
147,645
1,265,965
Zabka Group SA
 
129,317
1,100,820
TOTAL CONSUMER STAPLES
 
 
2,366,785
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
ORLEN SA
 
177,005
7,014,528
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Alior Bank SA
 
26,529
977,177
Bank Millennium SA (b)
 
181,507
1,003,824
Bank Polska Kasa Opieki SA
 
54,060
3,552,723
Erste Bank Polska SA
 
11,727
2,307,321
mBank SA (b)
 
3,977
1,438,817
Powszechna Kasa Oszczednosci Bank Polski SA
 
263,486
7,894,035
 
 
 
17,173,897
Insurance - 0.0%
 
 
 
Powszechny Zaklad Ubezpieczen SA
 
174,487
3,320,048
TOTAL FINANCIALS
 
 
20,493,945
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
InPost SA (b)
 
77,973
1,390,079
Construction & Engineering - 0.0%
 
 
 
Budimex SA
 
3,897
752,559
Professional Services - 0.0%
 
 
 
Benefit Systems SA (b)
 
881
1,273,513
TOTAL INDUSTRIALS
 
 
3,416,151
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Asseco Poland SA
 
15,429
825,008
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Grupa Kety SA
 
3,030
1,013,880
KGHM Polska Miedz SA
 
41,513
3,422,143
TOTAL MATERIALS
 
 
4,436,023
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
PGE Polska Grupa Energetyczna SA (b)
 
254,245
688,078
Tauron Polska Energia SA
 
291,458
703,122
TOTAL UTILITIES
 
 
1,391,200
TOTAL POLAND
 
 
47,502,601
PORTUGAL - 0.1%
 
 
 
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Jeronimo Martins SGPS SA
 
85,334
1,708,275
Sonae SGPS SA
 
232,714
547,442
TOTAL CONSUMER STAPLES
 
 
2,255,717
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Galp Energia SGPS SA
 
124,748
2,833,103
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Banco Comercial Portugues SA
 
2,716,434
3,336,066
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
EDP SA
 
920,503
4,744,807
Multi-Utilities - 0.0%
 
 
 
Redes Energeticas Naci Sgps SA
 
107,441
428,059
TOTAL UTILITIES
 
 
5,172,866
TOTAL PORTUGAL
 
 
13,597,752
QATAR - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Ooredoo QPSC
 
285,926
981,619
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Qatar Fuel QSC
 
183,823
701,769
Qatar Gas Transport Co Ltd
 
839,478
952,223
TOTAL ENERGY
 
 
1,653,992
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Al Rayan Bank
 
1,906,237
1,041,860
Commercial Bank PSQC/The
 
966,528
1,093,682
Doha Bank QPSC
 
640,962
510,164
Qatar International Islamic Bank QSC
 
367,501
1,092,107
Qatar Islamic Bank QPSC
 
515,158
3,064,631
Qatar National Bank QPSC
 
1,321,501
6,014,082
TOTAL FINANCIALS
 
 
12,816,526
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Industries Qatar QSC
 
578,979
1,676,034
Marine Transportation - 0.0%
 
 
 
Qatar Navigation QSC
 
294,206
800,198
TOTAL INDUSTRIALS
 
 
2,476,232
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Mesaieed Petrochemical Holding Co
 
1,710,812
514,042
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Nebras Energy
 
151,538
615,142
TOTAL QATAR
 
 
19,057,553
ROMANIA - 0.0%
 
 
 
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
NEPI Rockcastle NV
 
188,369
1,733,915
RUSSIA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
VK IPJSC GDR (b)(d)(f)
 
12,713
1
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Magnit PJSC (b)(f)
 
8,984
0
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Gazprom PJSC (b)(f)
 
1,373,390
0
LUKOIL PJSC (b)(f)
 
41,065
0
Novatek PJSC (b)(f)
 
110,726
0
Surgutneftegas PAO (b)(f)
 
1,002,400
0
Tatneft PJSC (b)(f)
 
175,192
0
TOTAL ENERGY
 
 
0
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Sberbank of Russia PJSC (b)(f)
 
1,236,820
0
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Alrosa PJSC (b)(f)
 
280,800
0
GMK Norilskiy Nickel PAO (b)(f)
 
681,400
0
Polyus PJSC (b)(f)
 
36,530
0
Severstal PAO (b)(f)
 
21,400
0
TOTAL MATERIALS
 
 
0
TOTAL RUSSIA
 
 
1
SAUDI ARABIA - 0.7%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Saudi Telecom Co
 
580,965
6,673,633
Media - 0.0%
 
 
 
Saudi Research & Media Group (b)
 
10,772
169,375
Wireless Telecommunication Services - 0.0%
 
 
 
Etihad Etisalat Co
 
116,601
1,929,637
Mobile Telecommunications Co Saudi Arabia
 
134,902
371,784
 
 
 
2,301,421
TOTAL COMMUNICATION SERVICES
 
 
9,144,429
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Jabal Omar Development Company (b)
 
171,100
728,958
Specialty Retail - 0.0%
 
 
 
Aldrees Petroleum and Transport Services Co
 
14,899
455,836
Jarir Marketing Co
 
180,698
799,681
 
 
 
1,255,517
TOTAL CONSUMER DISCRETIONARY
 
 
1,984,475
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Nahdi Medical Co
 
12,238
309,738
Food Products - 0.0%
 
 
 
Almarai Co JSC
 
150,936
1,864,847
Saudia Dairy & Foodstuff Co
 
4,240
229,415
Savola Group/The
 
47,360
328,638
 
 
 
2,422,900
TOTAL CONSUMER STAPLES
 
 
2,732,638
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Ades Holding Co
 
105,276
466,461
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
Al Rajhi Bank
 
896,713
14,935,268
Alinma Bank
 
453,203
2,819,018
Bank Al-Jazira
 
188,008
608,253
Bank AlBilad
 
220,442
1,443,395
Banque Saudi Fransi
 
369,857
1,946,046
Riyad Bank
 
602,770
3,264,636
Saudi Awwal Bank
 
115,984
1,045,107
Saudi Investment Bank/The
 
182,902
675,016
Saudi National Bank/The
 
898,192
9,375,350
 
 
 
36,112,089
Capital Markets - 0.0%
 
 
 
Saudi Tadawul Group Holding Co
 
14,634
462,147
Insurance - 0.0%
 
 
 
Al Rajhi Co for Co-operative Insurance
 
30,888
398,900
Bupa Arabia for Cooperative Insurance Co
 
7,312
305,681
Co for Cooperative Insurance/The
 
22,323
728,744
Rasan Information Technology Co (b)
 
11,622
402,925
 
 
 
1,836,250
TOTAL FINANCIALS
 
 
38,410,486
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Dallah Healthcare Co
 
13,449
376,737
Dr Sulaiman Al Habib Medical Services Group Co
 
30,769
1,925,367
Mouwasat Medical Services Co
 
27,457
454,753
TOTAL HEALTH CARE
 
 
2,756,857
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
SAL Saudi Logistics Services
 
10,481
482,815
Electrical Equipment - 0.0%
 
 
 
Electrical Industries Co
 
166,975
629,130
Riyadh Cables Group Co
 
17,469
464,227
 
 
 
1,093,357
Industrial Conglomerates - 0.0%
 
 
 
Astra Industrial Group Co
 
11,702
378,278
Passenger Airlines - 0.0%
 
 
 
flynas Co SJSC (b)
 
18,251
239,297
TOTAL INDUSTRIALS
 
 
2,193,747
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Arabian Internet & Communications Services Co
 
7,286
416,925
Elm Co
 
7,947
1,434,713
TOTAL INFORMATION TECHNOLOGY
 
 
1,851,638
Materials - 0.2%
 
 
 
Chemicals - 0.1%
 
 
 
Advanced Petrochemical Co (b)
 
36,736
215,202
SABIC Agri-Nutrients Co
 
70,600
2,310,409
Sahara International Petrochemical Co
 
103,718
351,572
Saudi Aramco Base Oil Co
 
15,509
523,230
Saudi Basic Industries Corp
 
275,992
3,645,109
Saudi Industrial Investment Group
 
94,460
300,572
Saudi Kayan Petrochemical Co (b)
 
207,825
276,694
Yanbu National Petrochemical Co
 
82,577
675,040
 
 
 
8,297,828
Metals & Mining - 0.1%
 
 
 
Saudi Arabian Mining Co (b)
 
415,489
6,261,929
TOTAL MATERIALS
 
 
14,559,757
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Arabian Centres Co (c)(d)
 
72,139
299,082
Dar Al Arkan Real Estate Development Co (b)
 
165,693
811,368
Makkah Construction & Development Co
 
29,386
641,242
Umm Al Qura for Development & Construction Co (b)
 
146,952
641,338
TOTAL REAL ESTATE
 
 
2,393,030
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Saudi Energy Co
 
236,481
1,067,329
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
ACWA Power Co (b)
 
70,471
3,520,266
TOTAL UTILITIES
 
 
4,587,595
TOTAL SAUDI ARABIA
 
 
81,081,113
SINGAPORE - 1.2%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Singapore Telecommunications Ltd
 
2,161,800
7,479,609
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Sea Ltd Class A ADR (b)
 
117,556
12,547,927
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Genting Singapore Ltd (e)
 
1,747,500
864,927
TOTAL CONSUMER DISCRETIONARY
 
 
13,412,854
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Hafnia Ltd
 
85,205
654,039
Financials - 0.7%
 
 
 
Banks - 0.7%
 
 
 
DBS Group Holdings Ltd
 
615,332
35,502,653
Oversea-Chinese Banking Corp Ltd
 
1,166,222
26,488,660
United Overseas Bank Ltd
 
436,800
14,772,181
 
 
 
76,763,494
Capital Markets - 0.0%
 
 
 
Singapore Exchange Ltd
 
248,800
4,743,175
TOTAL FINANCIALS
 
 
81,506,669
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Singapore Technologies Engineering Ltd
 
467,500
3,673,516
Ground Transportation - 0.0%
 
 
 
ComfortDelGro Corp Ltd
 
661,600
691,544
Grab Holdings Ltd Class A (b)
 
862,941
3,020,294
 
 
 
3,711,838
Industrial Conglomerates - 0.1%
 
 
 
Keppel Ltd
 
434,200
3,877,823
Machinery - 0.0%
 
 
 
Seatrium Ltd
 
660,098
1,105,858
Passenger Airlines - 0.0%
 
 
 
Singapore Airlines Ltd
 
446,650
2,679,366
Transportation Infrastructure - 0.0%
 
 
 
SATS Ltd
 
278,323
1,026,153
TOTAL INDUSTRIALS
 
 
16,074,554
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Venture Corp Ltd
 
75,300
938,222
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
STMicroelectronics NV (Italy)
 
197,288
10,392,322
TOTAL INFORMATION TECHNOLOGY
 
 
11,330,544
Real Estate - 0.1%
 
 
 
Diversified REITs - 0.0%
 
 
 
CapitaLand Integrated Commercial Trust
 
1,851,068
3,592,437
Mapletree Pan Asia Commercial Trust
 
686,718
712,161
Suntec Real Estate Investment Trust
 
670,700
773,871
 
 
 
5,078,469
Industrial REITs - 0.1%
 
 
 
CapitaLand Ascendas REIT
 
1,287,218
2,578,269
Frasers Logistics & Commercial Trust (d)
 
903,200
697,198
Mapletree Industrial Trust
 
646,457
972,796
Mapletree Logistics Trust
 
1,031,810
996,777
 
 
 
5,245,040
Office REITs - 0.0%
 
 
 
Keppel REIT
 
979,755
702,827
Real Estate Management & Development - 0.0%
 
 
 
CapitaLand Investment Ltd/Singapore (e)
 
685,573
1,420,746
City Developments Ltd
 
171,600
1,049,494
UOL Group Ltd
 
139,900
1,079,514
 
 
 
3,549,754
Specialized REITs - 0.0%
 
 
 
Keppel DC REIT
 
607,380
1,056,201
TOTAL REAL ESTATE
 
 
15,632,291
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Kenon Holdings Ltd/Singapore
 
5,912
403,869
Multi-Utilities - 0.0%
 
 
 
Sembcorp Industries Ltd (e)
 
271,100
1,166,025
TOTAL UTILITIES
 
 
1,569,894
TOTAL SINGAPORE
 
 
147,660,454
SOUTH AFRICA - 1.0%
 
 
 
Communication Services - 0.1%
 
 
 
Wireless Telecommunication Services - 0.1%
 
 
 
MTN Group Ltd
 
559,329
6,934,039
Vodacom Group Ltd
 
181,527
1,756,364
TOTAL COMMUNICATION SERVICES
 
 
8,690,403
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Naspers Ltd Class N
 
233,307
12,258,564
Woolworths Holdings Ltd/South Africa
 
296,644
843,771
 
 
 
13,102,335
Specialty Retail - 0.0%
 
 
 
Mr Price Group Ltd
 
80,649
830,504
Pepkor Holdings Ltd (c)(d)
 
1,105,473
1,422,856
 
 
 
2,253,360
TOTAL CONSUMER DISCRETIONARY
 
 
15,355,695
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Bid Corp Ltd
 
103,051
2,826,860
Clicks Group Ltd
 
70,179
939,204
Shoprite Holdings Ltd
 
146,506
2,548,176
 
 
 
6,314,240
Food Products - 0.0%
 
 
 
Tiger Brands Ltd
 
47,862
801,771
TOTAL CONSUMER STAPLES
 
 
7,116,011
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Exxaro Resources Ltd
 
70,792
876,498
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Absa Group Ltd
 
235,500
3,245,865
Capitec Bank Holdings Ltd
 
26,910
7,683,748
Nedbank Group Ltd
 
135,707
2,295,565
Standard Bank Group Ltd
 
401,923
8,003,106
 
 
 
21,228,284
Financial Services - 0.1%
 
 
 
FirstRand Ltd
 
1,627,090
9,730,929
Remgro Ltd
 
152,016
1,786,296
 
 
 
11,517,225
Insurance - 0.0%
 
 
 
Discovery Ltd
 
185,662
2,952,748
Old Mutual Ltd
 
1,446,264
1,169,894
OUTsurance Group Ltd
 
262,666
1,314,734
Sanlam Ltd
 
499,379
2,658,677
 
 
 
8,096,053
TOTAL FINANCIALS
 
 
40,841,562
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Aspen Pharmacare Holdings Ltd
 
113,571
1,029,049
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Bidvest Group Ltd
 
105,488
1,582,759
Materials - 0.4%
 
 
 
Chemicals - 0.0%
 
 
 
Sasol Ltd (b)
 
178,556
2,115,961
Metals & Mining - 0.4%
 
 
 
Anglo American PLC
 
359,055
18,175,904
Gold Fields Ltd
 
272,914
8,813,197
Harmony Gold Mining Co Ltd
 
167,511
2,643,012
Impala Platinum Holdings Ltd
 
276,468
3,015,213
Northam Platinum Holdings Ltd
 
105,182
1,506,093
Pan African Resources PLC (South Africa)
 
597,845
747,516
Sibanye Stillwater Ltd
 
853,971
1,845,614
Valterra Platinum Ltd
 
80,996
6,065,038
 
 
 
42,811,587
TOTAL MATERIALS
 
 
44,927,548
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Growthpoint Properties Ltd
 
1,025,109
1,096,449
TOTAL SOUTH AFRICA
 
 
121,515,974
SPAIN - 2.2%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Cellnex Telecom SA (c)(d)
 
172,962
5,372,902
Telefonica SA
 
1,213,039
5,008,267
TOTAL COMMUNICATION SERVICES
 
 
10,381,169
Consumer Discretionary - 0.3%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Amadeus IT Group SA Class A
 
137,414
8,480,777
Specialty Retail - 0.2%
 
 
 
Industria de Diseno Textil SA
 
341,873
22,311,876
TOTAL CONSUMER DISCRETIONARY
 
 
30,792,653
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Repsol SA
 
336,939
10,283,727
Financials - 1.1%
 
 
 
Banks - 1.1%
 
 
 
Banco Bilbao Vizcaya Argentaria SA
 
1,716,388
48,113,636
Banco de Sabadell SA
 
1,535,106
5,885,940
Banco Santander SA
 
4,474,714
63,640,611
Bankinter SA
 
198,189
3,640,668
CaixaBank SA
 
1,155,022
16,778,250
TOTAL FINANCIALS
 
 
138,059,105
Industrials - 0.1%
 
 
 
Construction & Engineering - 0.1%
 
 
 
ACS Actividades de Construccion y Servicios SA
 
63,441
8,069,216
Transportation Infrastructure - 0.0%
 
 
 
Aena SME SA (c)(d)
 
223,995
6,891,440
TOTAL INDUSTRIALS
 
 
14,960,656
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Merlin Properties Socimi SA
 
131,972
2,291,883
Utilities - 0.5%
 
 
 
Electric Utilities - 0.5%
 
 
 
Endesa SA
 
95,043
4,642,607
Iberdrola SA
 
1,891,961
45,052,412
Redeia Corp SA
 
124,192
2,190,380
 
 
 
51,885,399
Gas Utilities - 0.0%
 
 
 
Naturgy Energy Group SA
 
147,513
4,921,014
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
EDP Renewables SA
 
91,748
1,422,999
TOTAL UTILITIES
 
 
58,229,412
TOTAL SPAIN
 
 
264,998,605
SWEDEN - 2.0%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Telia Co AB
 
702,170
3,257,847
Wireless Telecommunication Services - 0.0%
 
 
 
Tele2 AB B Shares
 
170,332
2,950,846
TOTAL COMMUNICATION SERVICES
 
 
6,208,693
Consumer Discretionary - 0.1%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Evolution AB (b)(c)
 
43,273
3,309,256
Leisure Products - 0.0%
 
 
 
Thule Group AB (c)(d)
 
32,432
745,219
Specialty Retail - 0.0%
 
 
 
H & M Hennes & Mauritz AB B Shares
 
145,552
2,665,601
TOTAL CONSUMER DISCRETIONARY
 
 
6,720,076
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Axfood AB B Shares
 
32,888
840,315
Food Products - 0.0%
 
 
 
AAK AB (e)
 
54,980
1,185,954
Household Products - 0.1%
 
 
 
Essity AB B Shares
 
177,404
5,164,394
TOTAL CONSUMER STAPLES
 
 
7,190,663
Financials - 0.5%
 
 
 
Banks - 0.2%
 
 
 
Norion Bank AB (b)
 
31,722
195,218
Skandinaviska Enskilda Banken AB A Shares
 
448,315
10,513,194
Svenska Handelsbanken AB A Shares
 
473,969
7,247,256
Swedbank AB A1 Shares
 
275,847
11,037,125
 
 
 
28,992,793
Capital Markets - 0.1%
 
 
 
Avanza Bank Holding AB
 
36,527
1,501,403
EQT AB
 
112,267
3,816,432
Nordnet AB
 
39,256
1,504,741
 
 
 
6,822,576
Financial Services - 0.2%
 
 
 
Industrivarden AB A Shares
 
37,506
2,162,398
Industrivarden AB C Shares
 
53,406
3,054,432
Investor AB B Shares
 
554,718
23,942,902
L E Lundbergforetagen AB B Shares
 
22,006
1,320,748
 
 
 
30,480,480
TOTAL FINANCIALS
 
 
66,295,849
Health Care - 0.1%
 
 
 
Biotechnology - 0.1%
 
 
 
Swedish Orphan Biovitrum AB B Shares (b)
 
67,474
3,334,656
Health Care Equipment & Supplies - 0.0%
 
 
 
Elekta AB B Shares
 
107,930
548,366
Getinge AB B Shares
 
66,759
1,664,383
 
 
 
2,212,749
Health Care Technology - 0.0%
 
 
 
Sectra AB B Shares
 
39,750
1,115,415
TOTAL HEALTH CARE
 
 
6,662,820
Industrials - 0.9%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Saab AB B Shares
 
96,069
6,036,766
Building Products - 0.2%
 
 
 
Assa Abloy AB B Shares
 
302,374
11,219,825
Nibe Industrier AB B Shares
 
464,356
1,859,920
 
 
 
13,079,745
Commercial Services & Supplies - 0.0%
 
 
 
Bravida Holding AB (c)(d)
 
62,450
861,768
Loomis AB
 
20,519
1,131,301
Securitas AB B Shares
 
153,826
2,471,633
 
 
 
4,464,702
Construction & Engineering - 0.0%
 
 
 
Skanska AB B Shares
 
109,414
3,064,493
Sweco AB B Shares
 
62,397
878,729
 
 
 
3,943,222
Industrial Conglomerates - 0.0%
 
 
 
Investment AB Latour B Shares
 
42,697
899,479
Lifco AB B Shares
 
67,905
2,310,519
 
 
 
3,209,998
Machinery - 0.7%
 
 
 
Alfa Laval AB
 
88,350
5,229,260
Atlas Copco AB A Shares
 
772,324
16,319,074
Atlas Copco AB B Shares
 
470,286
8,684,946
Epiroc AB A Shares
 
189,228
4,851,169
Epiroc AB B Shares
 
121,245
2,656,078
Indutrade AB
 
80,468
2,017,996
Sandvik AB
 
325,156
12,159,123
SKF AB B Shares
 
102,086
2,763,833
Trelleborg AB B Shares
 
52,254
2,319,059
Volvo AB A Shares
 
57,402
2,201,509
Volvo AB B Shares
 
485,512
18,571,681
 
 
 
77,773,728
Trading Companies & Distributors - 0.0%
 
 
 
AddTech AB B Shares
 
78,308
2,850,345
Beijer Ref AB B Shares
 
121,800
1,714,015
 
 
 
4,564,360
TOTAL INDUSTRIALS
 
 
113,072,521
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.0%
 
 
 
Telefonaktiebolaget LM Ericsson B Shares
 
891,752
8,771,884
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Hexagon AB B Shares
 
642,347
6,340,332
Lagercrantz Group AB B Shares
 
61,153
1,438,562
Mycronic AB
 
45,518
1,500,026
 
 
 
9,278,920
TOTAL INFORMATION TECHNOLOGY
 
 
18,050,804
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Hexpol AB B Shares
 
78,545
731,653
Containers & Packaging - 0.0%
 
 
 
Billerud AB
 
68,846
549,121
Metals & Mining - 0.1%
 
 
 
Boliden AB
 
86,715
4,342,034
SSAB AB B Shares
 
184,245
1,935,867
 
 
 
6,277,901
Paper & Forest Products - 0.0%
 
 
 
Holmen AB B Shares
 
28,952
982,073
Svenska Cellulosa AB SCA B Shares
 
178,845
2,033,141
 
 
 
3,015,214
TOTAL MATERIALS
 
 
10,573,889
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Castellum AB
 
109,835
1,543,909
Fabege AB
 
58,214
456,678
Fastighets AB Balder B Shares (b)
 
216,304
1,184,854
Sagax AB B Shares
 
65,902
1,157,863
Wallenstam AB B Shares (e)
 
109,819
477,464
Wihlborgs Fastigheter AB
 
84,409
685,665
TOTAL REAL ESTATE
 
 
5,506,433
TOTAL SWEDEN
 
 
240,281,748
SWITZERLAND - 3.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Swisscom AG
 
7,745
5,958,798
Consumer Discretionary - 0.3%
 
 
 
Textiles, Apparel & Luxury Goods - 0.3%
 
 
 
Cie Financiere Richemont SA Series A
 
163,823
38,718,246
Consumer Staples - 0.7%
 
 
 
Food Products - 0.7%
 
 
 
Chocoladefabriken Lindt & Spruengli AG
 
304
3,508,791
Chocoladefabriken Lindt & Spruengli AG participation certificates
 
33
3,881,873
Nestle SA
 
784,820
78,443,598
TOTAL CONSUMER STAPLES
 
 
85,834,262
Financials - 1.0%
 
 
 
Capital Markets - 0.6%
 
 
 
Julius Baer Group Ltd
 
62,847
5,525,546
Partners Group Holding AG
 
6,603
5,488,547
UBS Group AG
 
908,653
47,823,843
 
 
 
58,837,936
Insurance - 0.4%
 
 
 
Helvetia Baloise Holding AG
 
23,339
6,258,761
Swiss Life Holding AG
 
8,697
10,271,378
Zurich Insurance Group AG
 
46,727
35,593,273
 
 
 
52,123,412
TOTAL FINANCIALS
 
 
110,961,348
Health Care - 0.4%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Sonova Holding AG
 
15,097
4,108,280
Straumann Holding AG
 
34,528
4,275,958
 
 
 
8,384,238
Life Sciences Tools & Services - 0.1%
 
 
 
Lonza Group AG
 
21,373
14,862,887
Pharmaceuticals - 0.2%
 
 
 
Galderma Group AG
 
55,843
12,152,079
Sandoz Group AG
 
134,161
10,912,768
 
 
 
23,064,847
TOTAL HEALTH CARE
 
 
46,311,972
Industrials - 0.6%
 
 
 
Building Products - 0.1%
 
 
 
Geberit AG
 
9,663
6,361,121
Electrical Equipment - 0.4%
 
 
 
ABB Ltd
 
466,725
46,046,593
Machinery - 0.1%
 
 
 
Schindler Holding AG participation certificate
 
12,176
3,834,510
VAT Group AG (c)(d)
 
8,235
6,132,068
 
 
 
9,966,578
Marine Transportation - 0.0%
 
 
 
Kuehne + Nagel International AG
 
16,175
4,115,527
Professional Services - 0.0%
 
 
 
SGS SA
 
51,603
6,113,594
TOTAL INDUSTRIALS
 
 
72,603,413
Information Technology - 0.0%
 
 
 
Technology Hardware, Storage & Peripherals - 0.0%
 
 
 
Logitech International SA
 
43,163
4,382,236
Materials - 0.2%
 
 
 
Chemicals - 0.2%
 
 
 
DSM-Firmenich AG
 
76,231
8,218,296
Givaudan SA
 
2,479
9,904,348
Sika AG
 
49,010
11,026,791
TOTAL MATERIALS
 
 
29,149,435
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Swiss Prime Site AG
 
24,564
4,004,620
TOTAL SWITZERLAND
 
 
397,924,330
TAIWAN - 8.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Chunghwa Telecom Co Ltd
 
1,160,000
4,989,680
Entertainment - 0.0%
 
 
 
International Games System Co Ltd
 
80,000
1,915,359
Wireless Telecommunication Services - 0.0%
 
 
 
Far EasTone Telecommunications Co Ltd
 
535,000
1,737,564
Taiwan Mobile Co Ltd
 
537,000
1,865,884
 
 
 
3,603,448
TOTAL COMMUNICATION SERVICES
 
 
10,508,487
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Cheng Shin Rubber Industry Co Ltd
 
603,000
568,100
Household Durables - 0.0%
 
 
 
Nien Made Enterprise Co Ltd
 
60,000
707,742
Specialty Retail - 0.0%
 
 
 
Hotai Motor Co Ltd
 
117,960
2,025,370
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Eclat Textile Co Ltd
 
76,000
813,296
Feng TAY Enterprise Co Ltd
 
195,417
412,316
Makalot Industrial Co Ltd
 
69,108
468,666
Pou Chen Corp
 
762,000
564,019
 
 
 
2,258,297
TOTAL CONSUMER DISCRETIONARY
 
 
5,559,509
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
President Chain Store Corp
 
173,000
1,198,551
Food Products - 0.0%
 
 
 
Lien Hwa Industrial Holdings Corp
 
373,359
463,539
Uni-President Enterprises Corp
 
1,492,000
3,394,331
 
 
 
3,857,870
TOTAL CONSUMER STAPLES
 
 
5,056,421
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Formosa Petrochemical Corp
 
524,000
1,132,173
Financials - 0.8%
 
 
 
Banks - 0.5%
 
 
 
Chang Hwa Commercial Bank Ltd
 
2,670,022
2,076,737
CTBC Financial Holding Co Ltd
 
6,000,000
11,981,173
E.Sun Financial Holding Co Ltd
 
4,943,114
5,898,449
Far Eastern International Bank
 
1,470,691
612,581
First Financial Holding Co Ltd
 
3,526,544
4,008,225
Hua Nan Financial Holdings Co Ltd
 
3,187,825
4,283,904
Mega Financial Holding Co Ltd
 
3,577,569
5,866,980
Shanghai Commercial & Savings Bank Ltd/The
 
1,379,880
1,936,007
SinoPac Financial Holdings Co Ltd
 
4,512,191
5,629,945
Taichung Commercial Bank Co Ltd
 
1,324,200
838,049
Taiwan Business Bank
 
2,212,276
1,242,095
Taiwan Cooperative Financial Holding Co Ltd
 
3,504,094
2,987,277
TS Financial Holding Co Ltd
 
7,556,748
8,324,634
 
 
 
55,686,056
Capital Markets - 0.0%
 
 
 
Capital Securities Corp (b)
 
673,000
704,695
Financial Services - 0.1%
 
 
 
Chailease Holding Co Ltd
 
528,248
1,814,288
Yuanta Financial Holding Co Ltd
 
4,067,403
8,489,311
 
 
 
10,303,599
Insurance - 0.2%
 
 
 
Cathay Financial Holding Co Ltd
 
2,996,923
9,331,596
Fubon Financial Holding Co Ltd
 
2,733,054
10,898,934
KGI Financial Holding Co Ltd
 
5,179,830
4,896,079
 
 
 
25,126,609
TOTAL FINANCIALS
 
 
91,820,959
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
PharmaEssentia Corp
 
111,587
3,632,019
Pharmaceuticals - 0.0%
 
 
 
Caliway Biopharmaceuticals Co Ltd (b)
 
377,000
1,194,846
TOTAL HEALTH CARE
 
 
4,826,865
Industrials - 0.2%
 
 
 
Construction & Engineering - 0.0%
 
 
 
United Integrated Services Co Ltd
 
51,000
1,707,557
Electrical Equipment - 0.2%
 
 
 
Bizlink Holding Inc
 
53,881
3,432,154
Chung-Hsin Electric & Machinery Manufacturing Corp
 
125,000
589,232
Fortune Electric Co Ltd (b)
 
68,670
1,484,710
Shihlin Electric & Engineering Corp
 
101,000
605,205
Tatung Co Ltd (b)
 
541,300
404,949
Teco Electric and Machinery Co Ltd
 
392,000
774,479
Voltronic Power Technology Corp
 
21,250
623,704
Walsin Lihwa Corp
 
1,056,046
1,013,895
 
 
 
8,928,328
Industrial Conglomerates - 0.0%
 
 
 
Far Eastern New Century Corp
 
1,186,000
994,293
Machinery - 0.0%
 
 
 
Hiwin Technologies Corp
 
89,192
830,458
Marine Transportation - 0.0%
 
 
 
Evergreen Marine Corp Taiwan Ltd
 
328,657
2,066,448
Wan Hai Lines Ltd
 
418,000
1,090,833
Yang Ming Marine Transport Corp
 
538,000
842,058
 
 
 
3,999,339
Passenger Airlines - 0.0%
 
 
 
China Airlines Ltd
 
932,000
646,406
Eva Airways Corp
 
802,619
1,071,332
 
 
 
1,717,738
Transportation Infrastructure - 0.0%
 
 
 
Taiwan High Speed Rail Corp
 
638,000
512,251
TOTAL INDUSTRIALS
 
 
18,689,964
Information Technology - 7.3%
 
 
 
Communications Equipment - 0.1%
 
 
 
Accton Technology Corp
 
156,000
10,116,147
Ezconn Corp
 
19,000
663,277
WNC Corp /Taiwan
 
113,000
757,696
 
 
 
11,537,120
Electronic Equipment, Instruments & Components - 1.1%
 
 
 
AUO Corp
 
2,073,000
1,518,633
Chroma ATE Inc
 
122,000
7,668,340
Compeq Manufacturing Co Ltd
 
329,000
1,684,041
Compeq Manufacturing Co Ltd rights 7/14/2026 (b)
 
8,626
0
Delta Electronics Inc
 
586,000
28,843,190
E Ink Holdings Inc
 
282,000
1,632,497
Elite Material Co Ltd
 
99,000
14,218,318
Fositek Corp
 
17,000
695,616
Foxconn Technology Co Ltd
 
304,000
526,612
Gold Circuit Electronics Ltd
 
108,000
2,589,774
Hon Hai Precision Industry Co Ltd
 
3,713,800
28,375,489
Innolux Corp
 
2,438,943
3,348,650
Largan Precision Co Ltd
 
33,000
4,092,832
Lotes Co Ltd
 
27,398
1,544,854
Nan Ya Printed Circuit Board Corp
 
65,000
1,790,477
Simplo Technology Co Ltd
 
55,000
594,701
Sinbon Electronics Co Ltd
 
68,000
615,567
Synnex Technology International Corp
 
403,000
1,156,356
Taiwan Union Technology Corp
 
88,000
2,947,784
Tripod Technology Corp
 
139,000
1,561,423
Unimicron Technology Corp
 
412,540
9,683,912
Wpg Holding Co Ltd (b)
 
514,040
1,763,200
WT Microelectronics Co Ltd
 
198,000
1,195,575
Yageo Corp
 
580,888
8,747,182
Zhen Ding Technology Holding Ltd
 
219,000
2,749,060
 
 
 
129,544,083
Semiconductors & Semiconductor Equipment - 5.7%
 
 
 
ADATA Technology Co Ltd
 
91,000
1,090,408
Alchip Technologies Ltd
 
25,000
2,308,416
AP Memory Technology Corp
 
41,000
823,155
ASE Technology Holding Co Ltd
 
1,074,000
18,335,791
ASPEED Technology Inc
 
10,130
4,426,287
eMemory Technology Inc
 
20,000
1,503,349
Global Unichip Corp
 
27,000
3,093,239
Globalwafers Co Ltd
 
77,000
1,945,784
Hon Precision Inc
 
28,001
5,196,101
Jentech Precision Industrial Co Ltd
 
27,000
2,797,968
King Yuan Electronics Co Ltd
 
361,200
2,440,742
Kinsus Interconnect Technology Corp
 
100,000
1,896,992
LandMark Optoelectronics Corp
 
28,500
1,379,496
Macronix International Co Ltd (b)
 
597,340
1,795,034
MediaTek Inc
 
489,000
52,116,247
MPI Corp
 
27,000
4,299,743
Nanya Technology Corp
 
400,000
4,278,479
Novatek Microelectronics Corp
 
184,000
2,909,396
Phison Electronics Corp
 
54,000
2,658,864
Powerchip Semiconductor Manufacturing Corp (b)
 
1,024,000
1,675,542
Powertech Technology Inc
 
211,000
1,509,269
Realtek Semiconductor Corp
 
158,000
3,277,937
Silicon Motion Technology Corp ADR
 
10,238
2,596,357
Sino-American Silicon Products Inc
 
179,000
847,707
Taiwan Semiconductor Manufacturing Co Ltd
 
7,349,000
543,823,217
United Microelectronics Corp
 
3,604,000
13,489,181
Vanguard International Semiconductor Corp
 
360,277
1,652,413
Win Semiconductors Corp
 
122,000
1,076,867
Winbond Electronics Corp
 
947,863
3,657,498
WinWay Technology Co Ltd
 
9,000
1,580,431
 
 
 
690,481,910
Technology Hardware, Storage & Peripherals - 0.4%
 
 
 
Acer Inc
 
943,000
835,989
Advantech Co Ltd
 
151,458
2,581,087
Asia Vital Components Co Ltd
 
104,000
7,317,490
Asustek Computer Inc
 
215,000
5,337,168
AURAS Technology Co Ltd
 
22,000
601,107
Catcher Technology Co Ltd
 
173,000
972,341
Chicony Electronics Co Ltd
 
190,000
619,092
Compal Electronics Inc
 
1,269,000
1,396,209
Gigabyte Technology Co Ltd (b)
 
162,000
1,672,694
Inventec Corp
 
954,000
1,792,080
King Slide Works Co Ltd
 
22,000
5,274,123
Lite-On Technology Corp
 
664,000
4,209,912
Micro-Star International Co Ltd
 
222,000
962,320
Pegatron Corp
 
632,000
1,636,108
Quanta Computer Inc
 
836,000
7,440,432
Wistron Corp
 
971,000
5,209,888
Wiwynn Corp
 
36,000
5,863,798
 
 
 
53,721,838
TOTAL INFORMATION TECHNOLOGY
 
 
885,284,951
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Formosa Chemicals & Fibre Corp
 
1,235,000
2,151,552
Formosa Plastics Corp
 
1,443,000
2,427,493
Nan Ya Plastics Corp
 
1,741,000
8,275,913
 
 
 
12,854,958
Construction Materials - 0.0%
 
 
 
Asia Cement Corp
 
781,000
796,245
TCC Group Holdings Co Ltd
 
2,128,600
1,594,557
 
 
 
2,390,802
Metals & Mining - 0.0%
 
 
 
China Steel Corp
 
3,675,000
2,151,147
TA Chen Stainless Pipe
 
654,789
873,418
 
 
 
3,024,565
TOTAL MATERIALS
 
 
18,270,325
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Highwealth Construction Corp
 
544,275
738,578
TOTAL TAIWAN
 
 
1,041,888,232
THAILAND - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
True Corp PCL
 
617,650
265,442
True Corp PCL depository receipt
 
4,438,849
1,907,645
 
 
 
2,173,087
Media - 0.0%
 
 
 
VGI PCL warrants (b)
 
116,340
35
Wireless Telecommunication Services - 0.0%
 
 
 
Advanced Info Service PCL
 
18,600
211,165
Advanced Info Service PCL depository receipt
 
309,300
3,511,462
 
 
 
3,722,627
TOTAL COMMUNICATION SERVICES
 
 
5,895,749
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Central Retail Corp PCL
 
125,208
99,912
Central Retail Corp PCL depository receipt
 
747,700
596,644
 
 
 
696,556
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Asset World Corp PCL depository receipt
 
2,583,200
227,859
Central Plaza Hotel PCL depository receipt
 
145,800
167,099
Minor International PCL
 
154,556
108,809
Minor International PCL depository receipt
 
652,748
459,541
 
 
 
963,308
Specialty Retail - 0.0%
 
 
 
Home Product Center PCL
 
164,700
31,946
Home Product Center PCL depository receipt
 
1,046,800
203,046
PTT Oil & Retail Business PCL depository receipt
 
883,200
337,583
 
 
 
572,575
TOTAL CONSUMER DISCRETIONARY
 
 
2,232,439
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Osotspa PCL
 
17,300
9,076
Osotspa PCL depository receipt
 
420,900
220,835
Thai Beverage PCL
 
2,358,900
847,484
 
 
 
1,077,395
Consumer Staples Distribution & Retail - 0.0%
 
 
 
CP ALL PCL
 
163,000
233,571
CP ALL PCL depository receipt
 
1,194,200
1,711,234
 
 
 
1,944,805
Food Products - 0.0%
 
 
 
Charoen Pokphand Foods PCL
 
224,100
150,331
Charoen Pokphand Foods PCL depository receipt
 
755,600
506,873
Thai Union Group PCL
 
86,400
31,474
Thai Union Group PCL depository receipt
 
456,000
166,110
Thaifoods Group PCL depository receipt
 
878,000
257,083
 
 
 
1,111,871
TOTAL CONSUMER STAPLES
 
 
4,134,071
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Banpu PCL depository receipt (f)
 
1,147,400
199,189
PTT Exploration & Production PCL
 
82,500
369,288
PTT Exploration & Production PCL depository receipt
 
346,600
1,551,459
PTT PCL
 
317,500
365,812
PTT PCL depository receipt
 
2,306,100
2,657,008
Thai Oil PCL
 
40,175
78,572
Thai Oil PCL depository receipt
 
232,377
454,473
TOTAL ENERGY
 
 
5,675,801
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Bangkok Bank PCL
 
11,400
65,226
Bangkok Bank PCL depository receipt
 
164,100
938,919
Kasikornbank PCL
 
46,900
342,007
Kasikornbank PCL depository receipt
 
310,200
2,262,059
Kiatnakin Phatra Bank PCL
 
51,800
171,474
Kiatnakin Phatra Bank PCL depository receipt
 
66,200
219,143
Krung Thai Bank PCL
 
166,000
219,171
Krung Thai Bank PCL depository receipt
 
889,300
1,174,147
SCB X PCL
 
49,550
226,490
SCB X PCL depository receipt
 
205,500
939,330
Thanachart Capital PCL
 
8,300
19,264
Thanachart Capital PCL depository receipt
 
150,000
349,900
Tisco Financial Group PCL
 
700
2,689
Tisco Financial Group PCL depository receipt
 
119,000
457,090
TMBThanachart Bank PCL
 
1,153,387
105,366
TMBThanachart Bank PCL depository receipt
 
13,284,471
1,213,582
 
 
 
8,705,857
Consumer Finance - 0.0%
 
 
 
Krungthai Card PCL
 
15,600
17,795
Krungthai Card PCL depository receipt
 
283,400
323,274
Muangthai Capital PCL
 
29,100
29,656
Muangthai Capital PCL depository receipt
 
154,800
157,759
Srisawad Corp PCL
 
32,186
23,581
Srisawad Corp PCL depository receipt
 
192,925
141,918
TIDLOR Holdings PCL depository receipt
 
470,710
267,304
 
 
 
961,287
Insurance - 0.0%
 
 
 
Thai Life Insurance PCL
 
237,600
82,635
Thai Life Insurance PCL depository receipt
 
346,200
120,405
 
 
 
203,040
TOTAL FINANCIALS
 
 
9,870,184
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Bangkok Dusit Medical Services PCL
 
172,600
99,077
Bangkok Dusit Medical Services PCL depository receipt
 
1,282,800
736,360
Bumrungrad Hospital Pcl
 
19,000
106,466
Bumrungrad Hospital Pcl depository receipt
 
102,600
574,921
TOTAL HEALTH CARE
 
 
1,516,824
Industrials - 0.0%
 
 
 
Ground Transportation - 0.0%
 
 
 
BTS Group Holdings PCL (b)
 
383,533
24,345
BTS Group Holdings PCL depository receipt (b)
 
1,816,022
116,161
 
 
 
140,506
Transportation Infrastructure - 0.0%
 
 
 
Airports of Thailand PCL
 
327,600
621,837
Airports of Thailand PCL depository receipt
 
965,500
1,832,672
Bangkok Expressway & Metro PCL
 
356,100
71,843
Bangkok Expressway & Metro PCL depository receipt
 
2,019,700
407,472
 
 
 
2,933,824
TOTAL INDUSTRIALS
 
 
3,074,330
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
Delta Electronics Thailand PCL
 
274,000
2,242,301
Delta Electronics Thailand PCL depository receipt
 
1,133,200
9,273,631
TOTAL INFORMATION TECHNOLOGY
 
 
11,515,932
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Indorama Ventures PCL depository receipt
 
600,500
395,304
PTT Global Chemical PCL depository receipt
 
507,300
555,560
 
 
 
950,864
Construction Materials - 0.0%
 
 
 
Siam Cement PCL/The
 
2,600
19,720
Siam Cement PCL/The depository receipt
 
90,500
686,425
 
 
 
706,145
Containers & Packaging - 0.0%
 
 
 
SCG Packaging PCL depository receipt
 
341,600
309,905
TOTAL MATERIALS
 
 
1,966,914
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Central Pattana PCL
 
62,000
127,512
Central Pattana PCL depository receipt
 
360,900
742,250
WHA Corp PCL
 
249,200
36,085
WHA Corp PCL depository receipt
 
2,000,100
289,628
TOTAL REAL ESTATE
 
 
1,195,475
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Electricity Generating PCL depository receipt
 
73,700
295,177
Energy Absolute PCL warrants 2/13/2028 (b)
 
42,100
786
Global Power Synergy PCL
 
19,394
29,764
Global Power Synergy PCL depository receipt
 
196,200
301,105
Gulf Development PCL
 
351,002
699,316
Gulf Development PCL depository receipt
 
1,887,238
3,760,021
TOTAL UTILITIES
 
 
5,086,169
TOTAL THAILAND
 
 
52,163,888
TURKEY - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Turkcell Iletisim Hizmetleri AS
 
359,466
756,094
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Ford Otomotiv Sanayi AS
 
203,131
342,408
Tofas Turk Otomobil Fabrikasi AS
 
39,350
225,656
 
 
 
568,064
Household Durables - 0.0%
 
 
 
Arcelik AS (b)
 
32,375
66,257
Specialty Retail - 0.0%
 
 
 
Dogan Sirketler Grubu Holding AS
 
304,956
134,256
Dogus Otomotiv Servis ve Ticaret AS
 
28,684
114,932
 
 
 
249,188
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Aksa (Akrilik Kimya Sanayi)
 
410,573
112,323
Isiklar Enerji ve Yapi Holding AS (b)
 
140,153
494,029
Mavi Giyim Sanayi Ve Ticaret AS Class B (c)(d)
 
185,234
152,495
 
 
 
758,847
TOTAL CONSUMER DISCRETIONARY
 
 
1,642,356
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Anadolu Efes Biracilik Ve Malt Sanayii AS
 
571,259
263,036
Coca-Cola Icecek AS
 
246,247
471,830
 
 
 
734,866
Consumer Staples Distribution & Retail - 0.0%
 
 
 
BIM Birlesik Magazalar AS
 
264,725
2,174,067
Migros Ticaret AS
 
27,650
363,963
Sok Marketler Ticaret AS (b)
 
90,536
97,169
 
 
 
2,635,199
Food Products - 0.0%
 
 
 
Ulker Biskuvi Sanayi AS
 
69,047
125,398
TOTAL CONSUMER STAPLES
 
 
3,495,463
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Turkiye Petrol Rafinerileri AS
 
273,552
1,699,671
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Akbank TAS
 
926,629
1,236,318
Haci Omer Sabanci Holding AS
 
410,134
729,319
Turkiye Is Bankasi AS Class C
 
2,453,437
643,838
Yapi ve Kredi Bankasi AS (b)
 
1,001,132
690,192
 
 
 
3,299,667
Capital Markets - 0.0%
 
 
 
Is Yatirim Menkul Degerler AS
 
172,877
125,659
Tera Yatirim Menkul Degerler AS
 
59,383
224,942
 
 
 
350,601
Consumer Finance - 0.0%
 
 
 
Katilimevim Tasarruf Finansman AS
 
388,681
1,272,735
Financial Services - 0.0%
 
 
 
Borusan Yatirim ve Pazarlama AS
 
1,707
61,392
Destek Finans Faktoring AS (b)
 
25,198
903,058
Global Yatirim Holding AS
 
321,133
110,021
Turkiye Sinai Kalkinma Bankasi AS
 
399,570
91,991
 
 
 
1,166,462
Insurance - 0.0%
 
 
 
Anadolu Anonim Turk Sigorta Sirketi
 
238,519
136,529
Turkiye Sigorta AS
 
1,163,488
154,009
 
 
 
290,538
TOTAL FINANCIALS
 
 
6,380,003
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
MLP Saglik Hizmetleri AS (b)(c)(d)
 
19,954
170,066
Industrials - 0.2%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Aselsan Elektronik Sanayi Ve Ticaret AS
 
359,552
2,589,645
Air Freight & Logistics - 0.0%
 
 
 
Reysas Tasimacilik ve Lojistik Ticaret AS (b)
 
318,410
148,756
Construction & Engineering - 0.0%
 
 
 
Enka Insaat ve Sanayi AS
 
510,674
941,419
Ral Yatirim Holding AS (b)
 
36,132
183,630
Tekfen Holding AS
 
54,463
177,078
 
 
 
1,302,127
Electrical Equipment - 0.0%
 
 
 
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS
 
129,672
806,378
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS
 
213,969
106,987
 
 
 
913,365
Ground Transportation - 0.0%
 
 
 
LDR Turizm AS
 
70,499
144,429
Pasifik Eurasia Lojistik Dis Ticaret AS (b)
 
59,710
194,766
 
 
 
339,195
Industrial Conglomerates - 0.1%
 
 
 
AG Anadolu Grubu Holding AS Class A
 
374,827
280,023
Alarko Holding AS
 
49,257
104,695
Bera Holding AS (b)
 
208,155
55,983
KOC Holding AS
 
385,310
1,596,581
Turkiye Sise ve Cam Fabrikalari AS
 
374,796
329,217
 
 
 
2,366,499
Machinery - 0.0%
 
 
 
Otokar Otomotiv Ve Savunma Sanayi A.S. (b)
 
9,469
60,777
Turk Traktor ve Ziraat Makineleri AS (b)
 
6,072
52,677
 
 
 
113,454
Passenger Airlines - 0.0%
 
 
 
Pegasus Hava Tasimaciligi AS (b)
 
76,276
245,592
Turk Hava Yollari AO
 
167,496
1,106,800
 
 
 
1,352,392
Transportation Infrastructure - 0.0%
 
 
 
TAV Havalimanlari Holding AS
 
59,851
342,276
TOTAL INDUSTRIALS
 
 
9,467,709
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Odine Solutions Teknoloji Ticaret VE Sanayi AS (b)
 
9,687
509,641
Software - 0.0%
 
 
 
MIA Teknoloji AS (b)
 
97,319
63,119
TOTAL INFORMATION TECHNOLOGY
 
 
572,760
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Hektas Ticaret TAS (b)
 
1,300,967
79,670
Petkim Petrokimya Holding AS (b)
 
391,228
157,417
Sasa Polyester Sanayi AS (b)
 
3,428,262
178,200
 
 
 
415,287
Construction Materials - 0.0%
 
 
 
Baticim Bati Anadolu Sanayi ve Ticaret Anonim Sirketi (b)
 
1,039,398
107,180
Cimsa Cimento Sanayi VE Ticaret AS
 
119,234
112,512
Nuh Cimento Sanayi AS
 
21,708
98,995
Oyak Cimento Fabrikalari AS
 
315,191
134,650
 
 
 
453,337
Metals & Mining - 0.0%
 
 
 
Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret AS (b)
 
10,588
116,199
Eldorado Gold Corp
 
71,600
2,160,999
Eregli Demir ve Celik Fabrikalari TAS
 
1,078,218
965,248
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D (b)
 
226,057
195,997
TR Anadolu Metal Madencilik Isletmeleri AS (b)
 
54,376
142,466
Turk Altin Isletmeleri AS (b)
 
338,191
314,287
 
 
 
3,895,196
TOTAL MATERIALS
 
 
4,763,820
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Peker Gayrimenkul Yatirim Ortakligi AS (b)
 
1,052,357
326,213
Industrial REITs - 0.0%
 
 
 
Reysas Gayrimenkul Yatirim Ortakligi AS (b)
 
168,248
135,607
Real Estate Management & Development - 0.0%
 
 
 
Kuyumcukent Gayrimenkul Yatirimlari AS (b)
 
98,671
147,221
LYDIA HOLDING AS (b)
 
24,383
95,698
Tera Yatirim Teknoloji Holding AS (b)
 
371,282
375,042
Ufuk Yatirim Yonetim ve Gayrimenkul AS (b)
 
5,191
194,012
 
 
 
811,973
Residential REITs - 0.0%
 
 
 
Emlak Konut Gayrimenkul Yatirim Ortakligi AS
 
611,115
230,332
TOTAL REAL ESTATE
 
 
1,504,125
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Enerjisa Enerji AS (c)(d)
 
72,191
165,442
Gas Utilities - 0.0%
 
 
 
Ahlatci Dogal Gaz Dagitim Enerji VE Yatirim AS (b)
 
218,547
153,888
Enerya Enerji AS
 
715,896
138,754
 
 
 
292,642
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Aksa Enerji Uretim AS (b)
 
71,375
141,417
Margun Enerji Uretim Sanayi VE Ticaret AS
 
197,980
153,739
 
 
 
295,156
TOTAL UTILITIES
 
 
753,240
TOTAL TURKEY
 
 
31,205,307
UNITED ARAB EMIRATES - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Emirates Telecommunications Group Co PJSC
 
1,062,673
5,890,559
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Americana Restaurants International PLC - Foreign Co
 
889,097
525,276
Specialty Retail - 0.0%
 
 
 
Abu Dhabi National Oil Co for Distribution PJSC
 
867,722
944,974
TOTAL CONSUMER DISCRETIONARY
 
 
1,470,250
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
ADNOC Drilling Co PJSC
 
787,129
1,247,234
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
ADNOC Logistics & Services
 
415,160
700,787
TOTAL ENERGY
 
 
1,948,021
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Abu Dhabi Commercial Bank PJSC
 
968,806
3,956,463
Abu Dhabi Islamic Bank PJSC
 
447,412
2,584,831
Dubai Islamic Bank PJSC
 
896,333
1,774,120
Emirates NBD Bank PJSC
 
752,593
6,187,941
First Abu Dhabi Bank PJSC
 
1,350,515
7,133,131
TOTAL FINANCIALS
 
 
21,636,486
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Pure Health Holding PJSC
 
769,212
473,296
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Dubai Investments PJSC
 
607,798
595,718
Modon Holding PSC (b)
 
930,315
721,862
 
 
 
1,317,580
Passenger Airlines - 0.0%
 
 
 
Air Arabia PJSC
 
707,958
944,458
Transportation Infrastructure - 0.0%
 
 
 
Salik Co PJSC
 
568,976
824,109
TOTAL INDUSTRIALS
 
 
3,086,147
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Aldar Properties PJSC
 
1,144,505
2,315,184
Emaar Development PJSC
 
250,394
883,503
Emaar Properties PJSC
 
1,891,686
5,665,273
TOTAL REAL ESTATE
 
 
8,863,960
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Dubai Electricity & Water Authority PJSC
 
2,746,854
2,049,110
TOTAL UNITED ARAB EMIRATES
 
 
45,417,829
UNITED KINGDOM - 6.6%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BT Group PLC
 
1,735,678
4,708,930
Interactive Media & Services - 0.0%
 
 
 
Autotrader Group PLC (c)(d)
 
244,799
1,728,571
Rightmove PLC
 
233,115
1,459,684
 
 
 
3,188,255
Media - 0.0%
 
 
 
Informa PLC
 
388,469
4,637,686
Wireless Telecommunication Services - 0.2%
 
 
 
Vodafone Group PLC
 
5,897,027
9,358,524
TOTAL COMMUNICATION SERVICES
 
 
21,893,395
Consumer Discretionary - 0.3%
 
 
 
Broadline Retail - 0.1%
 
 
 
Next PLC
 
34,647
6,931,946
Diversified Consumer Services - 0.0%
 
 
 
Pearson PLC
 
184,331
3,110,521
Hotels, Restaurants & Leisure - 0.2%
 
 
 
Compass Group PLC
 
518,303
16,435,388
Entain PLC
 
192,634
1,410,298
Whitbread PLC
 
50,594
1,711,520
 
 
 
19,557,206
Household Durables - 0.0%
 
 
 
Barratt Redrow PLC
 
434,017
1,724,877
Persimmon PLC
 
96,912
1,445,888
 
 
 
3,170,765
Leisure Products - 0.0%
 
 
 
Games Workshop Group PLC
 
10,141
2,613,232
Specialty Retail - 0.0%
 
 
 
Kingfisher PLC
 
522,310
2,179,046
TOTAL CONSUMER DISCRETIONARY
 
 
37,562,716
Consumer Staples - 1.2%
 
 
 
Beverages - 0.2%
 
 
 
Coca-Cola Europacific Partners PLC
 
62,131
6,800,859
Diageo PLC
 
678,627
14,908,305
 
 
 
21,709,164
Consumer Staples Distribution & Retail - 0.2%
 
 
 
J Sainsbury PLC
 
509,163
2,466,290
Marks & Spencer Group PLC
 
632,043
3,454,983
Tesco PLC
 
1,944,209
12,797,093
 
 
 
18,718,366
Food Products - 0.0%
 
 
 
Associated British Foods PLC
 
86,115
2,419,359
Household Products - 0.1%
 
 
 
Reckitt Benckiser Group PLC
 
194,721
13,742,898
Personal Care Products - 0.3%
 
 
 
Unilever PLC
 
664,338
42,270,223
Tobacco - 0.4%
 
 
 
British American Tobacco PLC
 
601,517
36,488,589
Imperial Brands PLC
 
222,616
8,448,473
 
 
 
44,937,062
TOTAL CONSUMER STAPLES
 
 
143,797,072
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Subsea 7 SA
 
69,699
2,341,563
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
DCC Energy plc
 
26,076
2,224,611
TOTAL ENERGY
 
 
4,566,174
Financials - 2.3%
 
 
 
Banks - 1.8%
 
 
 
Barclays PLC
 
4,147,976
28,511,261
HSBC Holdings PLC
 
5,235,378
111,489,002
Lloyds Banking Group PLC
 
17,754,880
27,442,244
NatWest Group PLC
 
2,430,407
22,925,133
Standard Chartered PLC
 
552,368
16,332,201
 
 
 
206,699,841
Capital Markets - 0.3%
 
 
 
3i Group PLC
 
312,355
12,024,977
Aberdeen Group PLC
 
560,273
1,816,789
ICG PLC
 
85,852
2,184,549
IG Group Holdings PLC
 
101,138
1,990,108
London Stock Exchange Group PLC
 
134,947
15,180,527
Schroders PLC
 
268,800
2,131,990
St James's Place PLC
 
158,524
2,250,810
 
 
 
37,579,750
Financial Services - 0.0%
 
 
 
M&G PLC
 
698,051
3,363,354
Wise Group PLC Class A (United Kingdom)
 
213,713
2,550,808
 
 
 
5,914,162
Insurance - 0.2%
 
 
 
Admiral Group PLC
 
82,290
4,183,387
Aviva PLC
 
918,484
8,596,279
Beazley PLC
 
182,281
3,170,361
Hiscox Ltd
 
98,370
2,398,339
Legal & General Group PLC
 
1,707,030
6,911,152
Standard Life PLC
 
246,469
3,066,008
 
 
 
28,325,526
TOTAL FINANCIALS
 
 
278,519,279
Health Care - 1.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Convatec Group PLC (c)(d)
 
515,530
1,556,364
Smith & Nephew PLC
 
259,784
4,063,792
 
 
 
5,620,156
Pharmaceuticals - 1.0%
 
 
 
Astrazeneca PLC
 
472,604
80,459,782
GSK PLC
 
1,235,449
32,125,210
 
 
 
112,584,992
TOTAL HEALTH CARE
 
 
118,205,148
Industrials - 1.1%
 
 
 
Aerospace & Defense - 0.7%
 
 
 
Babcock International Group PLC
 
148,829
2,248,550
BAE Systems PLC
 
916,900
25,956,828
Melrose Industries PLC
 
358,558
2,195,389
Rolls-Royce Holdings PLC
 
2,551,897
50,909,473
 
 
 
81,310,240
Commercial Services & Supplies - 0.0%
 
 
 
Rentokil Initial PLC
 
723,443
3,331,641
Verisure PLC (b)
 
68,684
853,016
 
 
 
4,184,657
Industrial Conglomerates - 0.1%
 
 
 
CK Hutchison Holdings Ltd
 
829,000
7,767,134
Smiths Group PLC
 
92,632
3,298,399
 
 
 
11,065,533
Machinery - 0.0%
 
 
 
IMI PLC
 
72,942
2,886,311
Spirax Group PLC
 
22,376
2,094,421
Weir Group PLC/The
 
78,830
2,800,569
 
 
 
7,781,301
Passenger Airlines - 0.0%
 
 
 
International Consolidated Airlines Group SA
 
683,290
4,005,386
Professional Services - 0.2%
 
 
 
Intertek Group PLC
 
46,934
3,694,109
RELX PLC
 
541,272
19,037,597
 
 
 
22,731,706
Trading Companies & Distributors - 0.1%
 
 
 
Bunzl PLC
 
97,817
3,693,957
Diploma PLC
 
40,922
4,037,172
Howden Joinery Group PLC
 
164,364
1,746,698
 
 
 
9,477,827
TOTAL INDUSTRIALS
 
 
140,556,650
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Halma PLC
 
115,912
5,514,580
Software - 0.0%
 
 
 
Sage Group PLC/The
 
283,442
3,717,711
TOTAL INFORMATION TECHNOLOGY
 
 
9,232,291
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Croda International PLC
 
42,259
1,825,393
Real Estate - 0.1%
 
 
 
Diversified REITs - 0.0%
 
 
 
British Land Co PLC/The
 
310,713
1,850,934
Land Securities Group PLC
 
225,310
2,146,063
 
 
 
3,996,997
Industrial REITs - 0.1%
 
 
 
Segro PLC
 
412,937
5,370,572
Tritax Big Box REIT PLC
 
771,336
1,768,305
 
 
 
7,138,877
TOTAL REAL ESTATE
 
 
11,135,874
Utilities - 0.4%
 
 
 
Electric Utilities - 0.1%
 
 
 
SSE PLC
 
369,586
11,676,492
Multi-Utilities - 0.2%
 
 
 
Centrica PLC
 
1,415,014
2,955,982
National Grid PLC
 
1,515,470
24,256,391
 
 
 
27,212,373
Water Utilities - 0.1%
 
 
 
Severn Trent PLC
 
81,109
3,299,116
United Utilities Group PLC
 
226,843
4,228,213
 
 
 
7,527,329
TOTAL UTILITIES
 
 
46,416,194
TOTAL UNITED KINGDOM
 
 
813,710,186
UNITED STATES - 4.4%
 
 
 
Communication Services - 0.2%
 
 
 
Entertainment - 0.2%
 
 
 
Spotify Technology SA (b)
 
47,634
23,814,142
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Stellantis NV (Italy) (b)
 
620,784
3,552,083
Hotels, Restaurants & Leisure - 0.0%
 
 
 
InterContinental Hotels Group PLC
 
45,659
7,337,401
TOTAL CONSUMER DISCRETIONARY
 
 
10,889,484
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
JBS NV depository receipt
 
107,996
1,506,232
Energy - 1.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Tenaris SA
 
101,091
2,900,263
Oil, Gas & Consumable Fuels - 1.0%
 
 
 
BP PLC
 
4,786,952
35,965,161
DHT Holdings Inc
 
39,470
732,958
Shell PLC
 
1,705,821
78,078,337
 
 
 
114,776,456
TOTAL ENERGY
 
 
117,676,719
Financials - 0.1%
 
 
 
Insurance - 0.1%
 
 
 
Swiss Re AG
 
91,088
15,193,539
Health Care - 2.1%
 
 
 
Biotechnology - 0.1%
 
 
 
BeOne Medicines Ltd H Shares (b)
 
287,163
7,103,645
Legend Biotech Corp ADR (b)
 
25,138
466,309
 
 
 
7,569,954
Health Care Equipment & Supplies - 0.1%
 
 
 
Alcon AG
 
152,334
10,435,101
Life Sciences Tools & Services - 0.0%
 
 
 
ICON PLC (b)(e)
 
23,295
3,810,247
QIAGEN NV (Germany)
 
63,180
2,602,417
 
 
 
6,412,664
Pharmaceuticals - 1.9%
 
 
 
Belite Bio Inc ADR (b)(e)
 
5,934
941,192
Haleon PLC
 
2,702,906
13,232,240
Novartis AG
 
557,816
87,237,901
Roche Holding AG
 
214,033
93,613,791
Roche Holding AG bearer shares
 
8,784
3,896,274
Sanofi SA
 
325,034
27,989,225
Structure Therapeutics Inc ADR (b)
 
20,385
979,295
 
 
 
227,889,918
TOTAL HEALTH CARE
 
 
252,307,637
Industrials - 0.8%
 
 
 
Commercial Services & Supplies - 0.1%
 
 
 
GFL Environmental Inc Subordinate Voting Shares
 
82,204
3,394,649
Waste Connections Inc
 
77,784
13,030,492
 
 
 
16,425,141
Construction & Engineering - 0.1%
 
 
 
Ferrovial NV
 
147,492
9,650,362
Electrical Equipment - 0.5%
 
 
 
Schneider Electric SE
 
165,345
55,553,541
Marine Transportation - 0.0%
 
 
 
AP Moller - Maersk A/S Series A
 
809
2,109,241
AP Moller - Maersk A/S Series B
 
1,326
3,560,480
 
 
 
5,669,721
Professional Services - 0.1%
 
 
 
Experian PLC
 
273,925
10,335,112
TOTAL INDUSTRIALS
 
 
97,633,877
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
JFrog Ltd (b)(e)
 
32,196
2,568,919
Monday.com Ltd (b)
 
12,290
1,071,073
TOTAL INFORMATION TECHNOLOGY
 
 
3,639,992
Materials - 0.2%
 
 
 
Construction Materials - 0.2%
 
 
 
Buzzi SpA
 
26,553
1,258,771
Holcim AG
 
153,793
13,968,124
James Hardie Industries PLC depository receipt (b)
 
177,234
4,575,247
Titan SA (Greece)
 
11,293
678,473
TOTAL MATERIALS
 
 
20,480,615
TOTAL UNITED STATES
 
 
543,142,237
ZAMBIA - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
First Quantum Minerals Ltd (b)
 
206,218
5,716,469
 
TOTAL COMMON STOCKS
 (Cost $8,825,294,584)
 
 
 
11,931,554,647
 
 
 
 
Non-Convertible Preferred Stocks - 0.4%
 
 
Shares
Value ($)
 
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA non-voting shares
 
133,066
3,142,109
GERMANY - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Porsche Automobil Holding SE
 
47,434
1,574,387
Volkswagen AG non-voting shares
 
62,976
5,442,514
TOTAL CONSUMER DISCRETIONARY
 
 
7,016,901
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA non-voting shares
 
49,223
4,292,305
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Sartorius AG
 
7,617
1,914,812
TOTAL GERMANY
 
 
13,224,018
KOREA (SOUTH) - 0.3%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Hyundai Motor Co non-voting shares
 
6,627
895,713
Hyundai Motor Co Series 2
 
10,258
1,396,170
TOTAL CONSUMER DISCRETIONARY
 
 
2,291,883
Information Technology - 0.3%
 
 
 
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Samsung Electronics Co Ltd non-voting shares
 
247,761
30,762,354
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
LG Chem Ltd non-voting shares
 
815
66,268
TOTAL KOREA (SOUTH)
 
 
33,120,505
RUSSIA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Surgutneftegas PAO (b)(f)
 
841,000
0
Transneft PJSC (b)(f)
 
16,800
0
TOTAL ENERGY
 
 
0
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Sberbank of Russia PJSC (b)(f)
 
109,390
0
TOTAL RUSSIA
 
 
0
 
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
 (Cost $35,822,345)
 
 
 
49,486,632
 
 
 
 
U.S. Treasury Obligations - 0.1%
 
 
Yield (%) (h)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 8/13/2026 (i)
 (Cost $8,595,643)
 
3.64
8,606,000
8,597,382
 
 
 
 
 
Money Market Funds - 2.2%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (j)
 
3.69
212,850,360
212,892,930
Fidelity Securities Lending Cash Central Fund (j)(k)
 
3.72
55,479,353
55,484,901
 
TOTAL MONEY MARKET FUNDS
 (Cost $268,371,990)
 
 
 
268,377,831
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.9%
 (Cost $9,138,084,562)
 
 
 
12,258,016,492
NET OTHER ASSETS (LIABILITIES) - 0.1% (g)
11,092,658
NET ASSETS - 100.0%
12,269,109,150
 
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
ICE MSCI EAFE Index Contracts (United States)
1,085
9/2026
172,639,775
3,061,756
ICE MSCI Emerging Markets Index Contracts (United States)
1,140
9/2026
93,611,100
(306,151)
TME S&P/TSX 60 Index Contracts (Canada)
82
9/2026
24,386,204
154,778
TOTAL LONG
 
 
 
2,910,383

Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $180,520,873 or 1.5% of net assets.
 
(d)
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $183,903,212 or 1.5% of net assets.
 
(e)
Security or a portion of the security is on loan at period end.
 
(f)
Level 3 security.
 
(g)
Includes $3,807,241 of cash collateral to cover margin requirements for futures contracts.
 
(h)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
 
(i)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $8,597,382.
 
(j)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(k)
Investment made with cash collateral received from securities on loan.
 
At period end, the value of non-cash collateral for securities on loan amounted to $34,794,292.
 
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
Fidelity Cash Central Fund
105,211,882
2,524,110,758
2,416,420,358
4,999,050
(15,004)
5,652
212,892,930
212,850,360
Fidelity Securities Lending Cash Central Fund
30,310,158
242,273,151
217,098,753
594,002
345
-
55,484,901
55,479,353
 
135,522,040
2,766,383,909
2,633,519,111
5,593,052
(14,659)
5,652
268,377,831
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
 
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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