Quarterly Holdings Report
for
Fidelity® Global ex U.S. Index Fund
July 31, 2026
GUX-NPRT3-0926
1.929356.114
Common Stocks - 98.1%
 
 
Shares
Value ($)
 
AUSTRALIA - 4.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Telstra Group Ltd
 
2,085,643
7,363,101
Interactive Media & Services - 0.0%
 
 
 
CAR Group Ltd
 
187,824
3,429,457
REA Group Ltd
 
27,594
3,116,314
 
 
 
6,545,771
TOTAL COMMUNICATION SERVICES
 
 
13,908,872
Consumer Discretionary - 0.3%
 
 
 
Broadline Retail - 0.2%
 
 
 
Wesfarmers Ltd
 
599,703
37,562,602
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Aristocrat Leisure Ltd
 
287,230
12,909,572
Lottery Corp/The
 
1,168,595
4,578,541
 
 
 
17,488,113
TOTAL CONSUMER DISCRETIONARY
 
 
55,050,715
Consumer Staples - 0.2%
 
 
 
Consumer Staples Distribution & Retail - 0.2%
 
 
 
Coles Group Ltd
 
710,928
12,009,694
Woolworths Group Ltd
 
645,630
18,016,715
TOTAL CONSUMER STAPLES
 
 
30,026,409
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Santos Ltd
 
1,721,182
9,559,015
Woodside Energy Group Ltd
 
1,005,277
23,528,451
TOTAL ENERGY
 
 
33,087,466
Financials - 1.6%
 
 
 
Banks - 1.3%
 
 
 
ANZ Group Holdings Ltd
 
1,592,557
41,621,607
Commonwealth Bank of Australia
 
884,211
110,530,646
National Australia Bank Ltd
 
1,639,824
47,482,681
Westpac Banking Corp
 
1,806,802
47,911,475
 
 
 
247,546,409
Capital Markets - 0.2%
 
 
 
ASX Ltd
 
102,390
3,949,564
Macquarie Group Ltd
 
192,567
34,184,271
 
 
 
38,133,835
Financial Services - 0.0%
 
 
 
Washington H Soul Pattinson & Co Ltd
 
179,866
5,837,523
Insurance - 0.1%
 
 
 
Insurance Australia Group Ltd
 
1,184,112
7,055,167
Medibank Pvt Ltd
 
1,443,852
5,233,591
QBE Insurance Group Ltd
 
794,326
13,777,398
Suncorp Group Ltd
 
574,509
7,729,877
 
 
 
33,796,033
TOTAL FINANCIALS
 
 
325,313,800
Health Care - 0.2%
 
 
 
Biotechnology - 0.2%
 
 
 
CSL Ltd
 
256,651
22,190,110
Health Care Equipment & Supplies - 0.0%
 
 
 
Cochlear Ltd
 
34,336
2,877,649
Health Care Providers & Services - 0.0%
 
 
 
Sigma Healthcare Ltd
 
2,721,714
5,612,165
Sonic Healthcare Ltd
 
237,090
3,628,544
 
 
 
9,240,709
Health Care Technology - 0.0%
 
 
 
Pro Medicus Ltd
 
30,151
3,429,945
TOTAL HEALTH CARE
 
 
37,738,413
Industrials - 0.2%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Brambles Ltd
 
714,963
9,814,801
Passenger Airlines - 0.0%
 
 
 
Qantas Airways Ltd
 
384,403
2,675,066
Professional Services - 0.0%
 
 
 
Computershare Ltd
 
272,977
7,843,474
Trading Companies & Distributors - 0.0%
 
 
 
SGH Ltd
 
106,503
3,293,683
Transportation Infrastructure - 0.2%
 
 
 
Transurban Group unit
 
1,645,449
17,087,593
TOTAL INDUSTRIALS
 
 
40,714,617
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
WiseTech Global Ltd
 
101,985
2,628,656
Materials - 1.5%
 
 
 
Metals & Mining - 1.5%
 
 
 
Anglogold Ashanti Plc (South Africa)
 
267,035
20,193,945
BHP Group Ltd
 
2,684,498
113,153,089
Evolution Mining Ltd
 
1,076,508
8,535,984
Fortescue Ltd
 
854,505
11,088,278
Glencore PLC
 
4,959,264
36,526,708
Lynas Rare Earths Ltd (b)
 
473,929
4,651,504
Northern Star Resources Ltd
 
719,340
9,969,198
PLS Group Ltd (b)
 
1,644,885
4,779,426
Rio Tinto Ltd
 
196,395
23,406,700
Rio Tinto PLC
 
563,441
54,749,370
South32 Ltd
 
2,381,141
7,591,325
TOTAL MATERIALS
 
 
294,645,527
Real Estate - 0.2%
 
 
 
Diversified REITs - 0.0%
 
 
 
Stockland unit
 
1,258,641
3,767,581
Industrial REITs - 0.1%
 
 
 
Goodman Group unit
 
1,055,928
21,983,296
Retail REITs - 0.1%
 
 
 
Scentre Group unit
 
2,734,121
7,506,572
Vicinity Ltd unit
 
2,047,235
3,847,464
 
 
 
11,354,036
TOTAL REAL ESTATE
 
 
37,104,913
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Origin Energy Ltd
 
901,753
6,803,206
Gas Utilities - 0.0%
 
 
 
Apa Group unit
 
703,272
5,030,794
TOTAL UTILITIES
 
 
11,834,000
TOTAL AUSTRALIA
 
 
882,053,388
AUSTRIA - 0.2%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
OMV AG
 
77,776
5,663,759
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
BAWAG Group AG (c)(d)
 
38,668
7,812,169
Erste Group Bank AG
 
162,633
21,154,540
Raiffeisen Bank International AG
 
69,531
4,762,672
TOTAL FINANCIALS
 
 
33,729,381
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Verbund AG Class A
 
35,627
2,446,509
TOTAL AUSTRIA
 
 
41,839,649
BELGIUM - 0.5%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Distributors - 0.0%
 
 
 
D'ieteren Group
 
11,273
2,332,103
Consumer Staples - 0.2%
 
 
 
Beverages - 0.2%
 
 
 
Anheuser-Busch InBev SA/NV
 
474,270
41,192,242
Food Products - 0.0%
 
 
 
Lotus Bakeries NV
 
214
2,749,063
TOTAL CONSUMER STAPLES
 
 
43,941,305
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
KBC Group NV
 
121,128
17,410,957
Financial Services - 0.0%
 
 
 
Groupe Bruxelles Lambert NV
 
38,881
3,503,904
Sofina SA
 
8,375
2,373,846
 
 
 
5,877,750
Insurance - 0.0%
 
 
 
Ageas SA/NV
 
78,415
6,501,504
TOTAL FINANCIALS
 
 
29,790,211
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Financiere de Tubize SA
 
10,528
2,355,230
UCB SA
 
64,260
16,517,207
TOTAL HEALTH CARE
 
 
18,872,437
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Syensqo SA
 
36,653
3,248,173
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Elia Group SA/NV
 
22,838
3,284,054
TOTAL BELGIUM
 
 
101,468,283
BRAZIL - 1.5%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telefonica Brasil SA
 
369,300
2,377,175
Wireless Telecommunication Services - 0.0%
 
 
 
TIM SA/Brazil
 
439,700
1,685,366
TOTAL COMMUNICATION SERVICES
 
 
4,062,541
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Ultrapar Participacoes SA
 
382,700
2,495,139
Vibra Energia SA
 
566,989
4,032,225
TOTAL CONSUMER DISCRETIONARY
 
 
6,527,364
Consumer Staples - 0.1%
 
 
 
Beverages - 0.1%
 
 
 
Ambev SA
 
2,295,100
7,239,606
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Raia Drogasil SA
 
691,785
2,521,959
Food Products - 0.0%
 
 
 
MBRF Global Foods Co SA
 
292,800
1,013,131
TOTAL CONSUMER STAPLES
 
 
10,774,696
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Petroleo Brasileiro SA - Petrobras
 
1,977,509
19,130,829
Petroleo Brasileiro SA - Petrobras (PN)
 
2,290,300
19,617,653
PRIO SA/Brazil (b)
 
434,900
5,220,533
TOTAL ENERGY
 
 
43,969,015
Financials - 0.6%
 
 
 
Banks - 0.5%
 
 
 
Banco Bradesco SA
 
971,015
3,062,945
Banco Bradesco SA (PN)
 
2,692,344
9,788,604
Banco do Brasil SA
 
896,000
3,773,729
Itau Unibanco Holding SA
 
2,810,147
23,776,610
Itau Unibanco Holding SA
 
311,000
2,800,083
Itausa SA
 
3,136,333
8,550,570
NU Holdings Ltd/Cayman Islands Class A (b)
 
1,930,061
27,657,775
 
 
 
79,410,316
Capital Markets - 0.1%
 
 
 
B3 SA - Brasil Bolsa Balcao
 
2,686,798
8,337,361
Banco BTG Pactual SA unit
 
632,700
7,089,425
XP Inc Class A
 
208,644
3,559,467
 
 
 
18,986,253
Financial Services - 0.0%
 
 
 
StoneCo Ltd Class A
 
102,225
1,162,809
Insurance - 0.0%
 
 
 
BB Seguridade Participacoes SA
 
327,900
2,668,920
Caixa Seguridade Participacoes S/A
 
307,800
1,229,585
Porto Seguro SA
 
98,200
1,059,652
 
 
 
4,958,157
TOTAL FINANCIALS
 
 
104,517,535
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Rede D'Or Sao Luiz SA (c)(d)
 
356,792
2,438,136
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Embraer SA
 
353,700
6,062,751
Electrical Equipment - 0.1%
 
 
 
WEG SA
 
780,700
7,269,274
Ground Transportation - 0.0%
 
 
 
Localiza Rent a Car SA
 
437,342
3,244,811
Rumo SA
 
631,000
1,797,469
 
 
 
5,042,280
Transportation Infrastructure - 0.0%
 
 
 
Motiva Infraestrutura de Mobilidade SA
 
554,600
1,614,845
TOTAL INDUSTRIALS
 
 
19,989,150
Materials - 0.3%
 
 
 
Chemicals - 0.0%
 
 
 
Yara International ASA
 
84,918
4,002,413
Containers & Packaging - 0.0%
 
 
 
Klabin SA
 
90,201
64,771
Klabin SA unit
 
397,768
1,432,048
 
 
 
1,496,819
Metals & Mining - 0.3%
 
 
 
Gerdau SA
 
670,248
3,302,880
Vale SA
 
1,876,886
28,243,170
Wheaton Precious Metals Corp
 
240,485
26,157,686
 
 
 
57,703,736
Paper & Forest Products - 0.0%
 
 
 
Suzano SA
 
312,438
2,670,036
TOTAL MATERIALS
 
 
65,873,004
Utilities - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Axia Energia SA
 
679,337
7,078,620
Axia Energia SA Series C
 
198,246
2,034,024
Cia Energetica de Minas Gerais
 
963,726
2,155,914
Cia Paranaense de Energia - Copel
 
1,034,900
3,027,641
CPFL Energia SA
 
99,600
906,571
Energisa S/A unit
 
159,670
1,568,934
Equatorial SA
 
559,262
4,265,226
 
 
 
21,036,930
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Eneva SA (b)
 
488,100
2,533,346
Engie Brasil Energia SA
 
174,010
1,022,952
 
 
 
3,556,298
Water Utilities - 0.0%
 
 
 
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
 
1,257,882
6,873,604
TOTAL UTILITIES
 
 
31,466,832
TOTAL BRAZIL
 
 
289,618,273
CANADA - 7.9%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BCE Inc
 
166,093
3,603,016
TELUS Corp
 
267,617
2,554,279
 
 
 
6,157,295
Wireless Telecommunication Services - 0.0%
 
 
 
Rogers Communications Inc Class B
 
193,158
6,539,415
TOTAL COMMUNICATION SERVICES
 
 
12,696,710
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Magna International Inc
 
137,905
9,457,636
Broadline Retail - 0.2%
 
 
 
Canadian Tire Corp Ltd Class A
 
25,021
3,651,815
Dollarama Inc
 
144,254
19,651,308
 
 
 
23,303,123
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Restaurant Brands International Inc
 
165,188
12,217,207
Restaurant Brands International Inc (United States)
 
5,148
381,055
 
 
 
12,598,262
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Gildan Activewear Inc
 
92,334
5,111,188
TOTAL CONSUMER DISCRETIONARY
 
 
50,470,209
Consumer Staples - 0.3%
 
 
 
Consumer Staples Distribution & Retail - 0.3%
 
 
 
Alimentation Couche-Tard Inc
 
363,962
23,628,907
Empire Co Ltd Class A
 
59,766
2,187,533
George Weston Ltd
 
80,072
5,984,337
Loblaw Cos Ltd
 
292,797
13,745,387
Metro Inc/CN
 
101,049
6,716,657
 
 
 
52,262,821
Food Products - 0.0%
 
 
 
Saputo Inc
 
127,624
3,589,695
TOTAL CONSUMER STAPLES
 
 
55,852,516
Energy - 1.5%
 
 
 
Oil, Gas & Consumable Fuels - 1.5%
 
 
 
ARC Resources Ltd
 
300,149
7,179,082
Cameco Corp
 
230,443
19,887,288
Canadian Natural Resources Ltd
 
1,103,166
52,551,575
Cenovus Energy Inc
 
697,411
21,029,042
Enbridge Inc (e)
 
1,152,661
62,720,678
Imperial Oil Ltd
 
76,922
9,972,945
Keyera Corp
 
150,176
6,380,485
Pembina Pipeline Corp
 
307,957
15,056,798
Suncor Energy Inc
 
627,657
42,149,752
TC Energy Corp
 
550,325
37,058,658
Tourmaline Oil Corp
 
196,042
8,657,817
Whitecap Resources Inc
 
637,860
7,525,915
TOTAL ENERGY
 
 
290,170,035
Financials - 3.4%
 
 
 
Banks - 2.4%
 
 
 
Bank of Montreal
 
363,531
65,211,785
Bank of Nova Scotia/The
 
650,992
57,104,887
Canadian Imperial Bank of Commerce
 
484,962
57,440,590
National Bank of Canada
 
204,608
33,095,455
Royal Bank of Canada
 
738,008
154,466,546
Toronto Dominion Bank
 
874,544
104,831,739
 
 
 
472,151,002
Capital Markets - 0.3%
 
 
 
Brookfield Asset Management Ltd Class A
 
173,770
8,405,567
Brookfield Corp Class A
 
1,055,501
44,859,828
IGM Financial Inc
 
43,338
2,694,539
TMX Group Ltd
 
145,334
5,312,205
 
 
 
61,272,139
Insurance - 0.7%
 
 
 
Fairfax Financial Holdings Ltd Subordinate Voting Shares
 
10,007
16,757,879
Great-West Lifeco Inc
 
131,080
8,690,356
iA Financial Corp Inc
 
47,765
7,062,275
Intact Financial Corp
 
93,938
18,444,509
Manulife Financial Corp
 
885,907
39,345,558
Power Corp of Canada Subordinate Voting Shares
 
282,955
19,336,654
Sun Life Financial Inc
 
292,769
24,290,732
 
 
 
133,927,963
TOTAL FINANCIALS
 
 
667,351,104
Industrials - 0.7%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bombardier Inc Class B (b)
 
44,228
10,655,608
CAE Inc (b)
 
154,185
3,977,123
 
 
 
14,632,731
Commercial Services & Supplies - 0.1%
 
 
 
Element Fleet Management Corp
 
209,373
4,698,701
RB Global Inc
 
98,672
10,822,704
 
 
 
15,521,405
Construction & Engineering - 0.1%
 
 
 
AtkinsRealis Group Inc
 
85,755
5,315,299
Stantec Inc
 
59,871
4,225,158
WSP Global Inc
 
71,459
8,730,451
 
 
 
18,270,908
Ground Transportation - 0.4%
 
 
 
Canadian National Railway Co
 
273,414
34,765,522
Canadian Pacific Kansas City Ltd
 
471,664
41,895,782
TFI International Inc
 
40,893
5,524,646
 
 
 
82,185,950
Professional Services - 0.0%
 
 
 
Thomson Reuters Corp
 
69,390
6,807,085
Trading Companies & Distributors - 0.0%
 
 
 
Toromont Industries Ltd
 
43,230
6,502,771
TOTAL INDUSTRIALS
 
 
143,920,850
Information Technology - 0.7%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Celestica Inc (b)
 
60,826
20,127,229
IT Services - 0.5%
 
 
 
CGI Inc Class A
 
99,804
7,305,267
Shopify Inc Class A (b)
 
647,959
75,886,799
 
 
 
83,192,066
Software - 0.1%
 
 
 
Constellation Software Inc/Canada
 
10,649
22,811,885
Constellation Software Inc/Canada warrants 3/31/2040 (b)(f)
 
7,326
0
Descartes Systems Group Inc/The (b)
 
45,323
3,403,791
 
 
 
26,215,676
TOTAL INFORMATION TECHNOLOGY
 
 
129,534,971
Materials - 0.9%
 
 
 
Chemicals - 0.1%
 
 
 
Nutrien Ltd
 
254,650
17,576,726
Containers & Packaging - 0.0%
 
 
 
CCL Industries Inc Class B
 
77,696
5,151,652
Metals & Mining - 0.8%
 
 
 
Agnico Eagle Mines Ltd/CA
 
269,176
39,078,860
Alamos Gold Inc Class A
 
223,442
6,209,866
Barrick Mining Corp
 
886,198
32,524,797
Equinox Gold Corp
 
570,078
5,107,665
Franco-Nevada Corp
 
102,097
21,720,875
Kinross Gold Corp
 
635,505
14,651,726
Lundin Gold Inc
 
50,300
2,816,312
Pan American Silver Corp
 
224,018
9,645,630
Teck Resources Ltd Class B
 
242,563
14,596,865
 
 
 
146,352,596
TOTAL MATERIALS
 
 
169,080,974
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
FirstService Corp Subordinate Voting Shares
 
21,632
3,047,166
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Emera Inc
 
160,964
8,601,358
Fortis Inc/Canada
 
268,481
15,283,221
Hydro One Ltd (c)(d)
 
172,984
7,206,381
 
 
 
31,090,960
Gas Utilities - 0.0%
 
 
 
AltaGas Ltd
 
163,210
6,494,171
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Corp Class A
 
73,029
2,436,992
Multi-Utilities - 0.0%
 
 
 
Canadian Utilities Ltd Class A
 
68,904
2,738,760
TOTAL UTILITIES
 
 
42,760,883
TOTAL CANADA
 
 
1,564,885,418
CHILE - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Falabella SA
 
361,471
2,416,675
Specialty Retail - 0.0%
 
 
 
Empresas Copec SA
 
205,233
1,401,699
TOTAL CONSUMER DISCRETIONARY
 
 
3,818,374
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Cencosud SA
 
654,087
1,375,289
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Banco de Chile
 
23,835,228
4,965,982
Banco de Credito e Inversiones SA
 
39,912
2,871,861
Banco Santander Chile
 
34,729,429
3,025,261
TOTAL FINANCIALS
 
 
10,863,104
Industrials - 0.0%
 
 
 
Passenger Airlines - 0.0%
 
 
 
Latam Airlines Group SA
 
179,928,151
4,787,763
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Sociedad Quimica y Minera de Chile SA Class B
 
76,480
5,157,619
Metals & Mining - 0.1%
 
 
 
Antofagasta PLC
 
182,540
8,991,968
Lundin Mining Corp
 
361,919
8,961,165
 
 
 
17,953,133
TOTAL MATERIALS
 
 
23,110,752
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Plaza SA
 
394,256
1,598,608
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Enel Chile SA
 
12,944,051
1,141,470
TOTAL CHILE
 
 
46,695,360
CHINA - 7.1%
 
 
 
Communication Services - 1.3%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
China Tower Corp Ltd H Shares (c)(d)
 
2,331,700
2,982,117
Entertainment - 0.2%
 
 
 
37 Interactive Entertainment Network Technology Group Co Ltd A Shares (China)
 
65,500
192,570
Beijing Enlight Media Co Ltd A Shares (China)
 
85,700
151,127
China Ruyi Holdings Ltd (b)(e)
 
6,016,000
1,104,641
Giant Network Group Co Ltd A Shares (China)
 
55,900
242,851
Kingnet Network Co Ltd A Shares (China)
 
60,900
154,824
Kingsoft Corp Ltd
 
535,600
1,827,585
Mango Excellent Media Co Ltd A Shares (China)
 
53,400
129,401
Netease Inc
 
928,895
24,714,383
Tencent Music Entertainment Group Class A ADR
 
301,323
2,847,502
Zhejiang Century Huatong Group Co Ltd A Shares (China)
 
215,800
432,627
 
 
 
31,797,511
Interactive Media & Services - 1.1%
 
 
 
Baidu Inc A Shares (b)
 
1,107,344
15,339,597
Bilibili Inc Z Shares (b)
 
133,871
2,548,315
Kuaishou Technology B Shares (c)(d)
 
1,514,600
8,439,766
Kunlun Tech Co Ltd A Shares (China) (b)
 
36,700
234,208
Tencent Holdings Ltd
 
3,255,900
198,945,212
 
 
 
225,507,098
Media - 0.0%
 
 
 
Bluefocus Intelligent Communications Group Co Ltd A Shares (China)
 
105,300
223,719
Focus Media Information Technology Co Ltd A Shares (China)
 
411,540
342,627
Leo Group Co Ltd A Shares (China)
 
197,900
135,801
 
 
 
702,147
Wireless Telecommunication Services - 0.0%
 
 
 
China United Network Communications Ltd A Shares (China)
 
997,100
658,255
TOTAL COMMUNICATION SERVICES
 
 
261,647,128
Consumer Discretionary - 2.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Changzhou Xingyu Automotive Lighting Systems Co Ltd A Shares (China)
 
8,100
118,877
Fuyao Glass Industry Group Co Ltd A Shares (China)
 
89,300
788,686
Fuyao Glass Industry Group Co Ltd H Shares (c)(d)
 
298,000
2,257,116
Hesai Group B Shares (e)
 
480,480
1,015,490
Huayu Automotive Systems Co Ltd A Shares (China)
 
101,331
252,851
Huizhou Desay Sv Automotive Co Ltd A Shares (China)
 
16,800
229,711
Ningbo Tuopu Group Co Ltd A Shares (China)
 
52,305
360,750
Sailun Group Co Ltd A Shares (China)
 
89,500
187,672
Shenzhen Kedali Industry Co Ltd A Shares (China)
 
9,900
266,443
Wanxiang Qianchao Co Ltd A Shares (China)
 
96,600
160,353
 
 
 
5,637,949
Automobiles - 0.3%
 
 
 
Anhui Jianghuai Automobile Group Corp Ltd A Shares (China) (b)
 
67,300
261,771
BAIC BluePark New Energy Technology Co Ltd A Shares (China) (b)
 
174,400
155,573
BYD Co Ltd A Shares (China)
 
211,400
2,997,798
BYD Co Ltd H Shares
 
1,902,200
22,740,496
Chongqing Afari Technology Co Ltd A Shares (China) (b)
 
127,000
156,609
Chongqing Changan Automobile Co Ltd A Shares (China)
 
239,290
278,976
Geely Automobile Holdings Ltd
 
3,453,000
8,717,918
Great Wall Motor Co Ltd A Shares (China)
 
10,900
27,133
Great Wall Motor Co Ltd H Shares
 
1,160,500
1,343,637
Guangzhou Automobile Group Co Ltd A Shares (China) (b)
 
73,500
60,082
Guangzhou Automobile Group Co Ltd H Shares (b)(e)
 
276,000
82,704
Li Auto Inc A Shares (b)(e)
 
638,864
4,351,077
NIO Inc A Shares (b)
 
931,496
4,570,703
SAIC Motor Corp Ltd A Shares (China)
 
301,800
505,943
Seres Group Co Ltd A Shares (China)
 
47,100
434,645
XPeng Inc A Shares (b)
 
671,226
4,353,773
Yadea Group Holdings Ltd (c)(d)(e)
 
622,516
851,729
Zhejiang Leapmotor Technology Co Ltd H Shares (b)(c)(d)
 
263,100
1,340,594
 
 
 
53,231,161
Broadline Retail - 1.2%
 
 
 
Alibaba Group Holding Ltd
 
8,849,812
134,812,755
CCOOP Group Co Ltd A Shares (China) (b)
 
500,700
105,239
JD.com Inc A Shares
 
1,213,267
19,958,210
MINISO Group Holding Ltd A Shares
 
245,820
802,640
PDD Holdings Inc Class A ADR (b)
 
300,689
26,629,018
Prosus NV Class N
 
691,664
32,143,570
Vipshop Holdings Ltd Class A ADR
 
145,336
2,229,454
 
 
 
216,680,886
Distributors - 0.0%
 
 
 
Zhejiang China Commodities City Group Co Ltd A Shares (China)
 
154,800
293,600
Diversified Consumer Services - 0.0%
 
 
 
New Oriental Education & Technology Group Inc
 
663,610
3,891,611
TAL Education Group Class A ADR (b)
 
175,559
2,194,488
 
 
 
6,086,099
Hotels, Restaurants & Leisure - 0.4%
 
 
 
H World Group Ltd ADR
 
96,495
4,119,372
Haidilao International Holding Ltd (c)(d)(e)
 
863,000
1,308,409
Meituan B Shares (b)(c)(d)
 
2,664,710
31,460,843
Tongcheng Travel Holdings Ltd (c)(e)
 
658,400
1,198,862
Trip.com Group Ltd (b)
 
311,655
14,601,192
Yum China Holdings Inc (Hong Kong)
 
178,030
8,462,917
 
 
 
61,151,595
Household Durables - 0.0%
 
 
 
Ecovacs Robotics Co Ltd A Shares (China)
 
16,900
151,937
Gree Electric Appliances Inc of Zhuhai A Shares (China)
 
103,200
646,536
Haier Smart Home Co Ltd A Shares (China)
 
218,529
749,775
Haier Smart Home Co Ltd H Shares
 
1,194,600
3,443,836
Midea Group Co Ltd A Shares (China)
 
112,500
1,459,366
Midea Group Co Ltd H Shares (e)
 
218,200
2,764,546
Sichuan Changhong Electric Co Ltd A Shares (China) (b)
 
129,900
133,441
 
 
 
9,349,437
Specialty Retail - 0.0%
 
 
 
China Tourism Group Duty Free Corp Ltd A Shares (China)
 
56,900
489,511
Chow Tai Fook Jewellery Group Ltd (e)
 
845,400
1,333,469
Pop Mart International Group Ltd (c)(d)(e)
 
267,400
5,544,124
 
 
 
7,367,104
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
ANTA Sports Products Ltd
 
671,600
6,761,045
Bosideng International Holdings Ltd
 
2,422,000
1,525,640
Laopu Gold Co Ltd H Shares (e)
 
20,700
857,309
Li Ning Co Ltd
 
1,229,500
2,375,156
Shenzhou International Group Holdings Ltd
 
438,400
2,492,078
 
 
 
14,011,228
TOTAL CONSUMER DISCRETIONARY
 
 
373,809,059
Consumer Staples - 0.2%
 
 
 
Beverages - 0.1%
 
 
 
Anhui Gujing Distillery Co Ltd B Shares
 
26,502
214,292
China Resources Beer Holdings Co Ltd
 
864,662
2,608,843
Eastroc Beverage Group Co Ltd A Shares (China)
 
21,073
424,062
Jiangsu Yanghe Distillery Co Ltd A Shares (China)
 
48,000
304,840
Kweichow Moutai Co Ltd A Shares (China)
 
41,300
8,253,211
Luzhou Laojiao Co Ltd A Shares (China)
 
42,700
574,565
Nongfu Spring Co Ltd H Shares (c)(d)
 
941,400
5,255,342
Shanxi Xinghuacun Fen Wine Factory Co Ltd A Shares (China)
 
35,120
661,046
Tsingtao Brewery Co Ltd A Shares (China)
 
37,900
314,360
Tsingtao Brewery Co Ltd H Shares
 
304,000
1,806,386
Wuliangye Yibin Co Ltd A Shares (China)
 
118,000
1,362,381
 
 
 
21,779,328
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Alibaba Health Information Technology Ltd (b)(e)
 
2,868,000
1,312,879
JD Health International Inc (b)(c)(d)
 
545,250
2,739,321
Yonghui Superstores Co Ltd A Shares (China) (b)
 
279,700
136,143
 
 
 
4,188,343
Food Products - 0.1%
 
 
 
Angel Yeast Co Ltd A Shares (China)
 
23,400
145,335
China Feihe Ltd (c)(d)
 
1,886,000
791,204
China Mengniu Dairy Co Ltd
 
1,527,000
3,680,034
Foshan Haitian Flavouring & Food Co Ltd A Shares (China)
 
136,777
777,570
Guangdong Haid Group Co Ltd A Shares (China)
 
46,200
338,555
Henan Shuanghui Investment & Development Co Ltd A Shares (China)
 
93,600
360,207
Inner Mongolia Yili Industrial Group Co Ltd A Shares (China)
 
212,800
853,355
Muyuan Foods Group Co Ltd A Shares (China)
 
168,340
970,116
New Hope Liuhe Co Ltd A Shares (China) (b)
 
136,300
141,261
Tingyi Cayman Islands Holding Corp
 
1,056,000
1,602,367
Want Want China Holdings Ltd
 
2,251,000
970,160
Wens Foodstuff Group Co Ltd A Shares (China)
 
185,200
383,035
Wilmar International Ltd
 
831,893
2,544,014
 
 
 
13,557,213
Personal Care Products - 0.0%
 
 
 
Giant Biogene Holding Co ltd (c)(d)(e)
 
230,200
903,493
Hengan International Group Co Ltd
 
323,000
1,019,775
 
 
 
1,923,268
Tobacco - 0.0%
 
 
 
Smoore International Holdings Ltd (c)(d)(e)
 
984,000
1,154,341
TOTAL CONSUMER STAPLES
 
 
42,602,493
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
China Oilfield Services Ltd H Shares
 
920,000
830,562
Yantai Jereh Oilfield Services Group Co Ltd A Shares (China)
 
30,700
612,136
 
 
 
1,442,698
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
China Coal Energy Co Ltd H Shares
 
952,000
1,300,102
China Merchants Energy Shipping Co Ltd A Shares (China)
 
237,900
589,317
China Petroleum & Chemical Corp A Shares (China)
 
924,000
721,372
China Petroleum & Chemical Corp H Shares
 
11,992,000
6,774,019
China Shenhua Energy Co Ltd A Shares (China)
 
165,600
1,119,368
China Shenhua Energy Co Ltd H Shares
 
1,802,000
9,986,091
COSCO SHIPPING Energy Transportation Co Ltd A Shares (China)
 
45,800
114,155
COSCO SHIPPING Energy Transportation Co Ltd H Shares (e)
 
758,000
1,344,459
Inner Mongolia Dian Tou Energy Corp Ltd A Shares (China)
 
113,000
451,414
Inner Mongolia Yitai Coal Co Ltd B Shares
 
457,600
1,318,352
PetroChina Co Ltd A Shares (China)
 
803,000
1,321,284
PetroChina Co Ltd H Shares (e)
 
11,144,000
14,124,677
Shaanxi Coal Industry Co Ltd A Shares (China)
 
295,600
1,084,366
Shanxi Coking Coal Energy Group Co Ltd A Shares (China)
 
182,970
176,173
Shanxi Lu'an Environmental Energy Development Co Ltd A Shares (China)
 
92,900
207,791
Yankuang Energy Group Co Ltd A Shares (China)
 
173,485
518,775
Yankuang Energy Group Co Ltd H Shares (e)
 
1,714,500
2,592,825
 
 
 
43,744,540
TOTAL ENERGY
 
 
45,187,238
Financials - 1.5%
 
 
 
Banks - 1.1%
 
 
 
Agricultural Bank of China Ltd A Shares (China)
 
2,459,200
2,513,183
Agricultural Bank of China Ltd H Shares
 
14,508,000
11,673,146
Bank of Beijing Co Ltd A Shares (China)
 
603,516
462,430
Bank of Changsha Co Ltd A Shares (China)
 
104,200
147,126
Bank of Chengdu Co Ltd A Shares (China)
 
123,100
334,284
Bank of China Ltd A Shares (China)
 
1,431,800
1,285,035
Bank of China Ltd H Shares
 
35,155,000
24,699,588
Bank of Communications Co Ltd A Shares (China)
 
1,588,500
1,688,451
Bank of Communications Co Ltd H Shares
 
4,327,000
4,171,187
Bank of Hangzhou Co Ltd A Shares (China)
 
236,080
575,427
Bank of Jiangsu Co Ltd A Shares (China)
 
626,430
1,097,292
Bank of Nanjing Co Ltd A Shares (China)
 
428,300
731,163
Bank of Ningbo Co Ltd A Shares (China)
 
219,040
1,034,275
Bank of Shanghai Co Ltd A Shares (China)
 
449,120
628,542
Bank of Suzhou Co Ltd A Shares (China)
 
113,400
142,704
BOC Hong Kong Holdings Ltd
 
1,958,149
13,033,686
China CITIC Bank Corp Ltd A Shares (China)
 
513,100
588,972
China CITIC Bank Corp Ltd H Shares
 
4,027,000
3,969,284
China Construction Bank Corp A Shares (China)
 
951,342
1,528,528
China Construction Bank Corp H Shares
 
44,080,000
51,724,615
China Everbright Bank Co Ltd A Shares (China)
 
449,200
210,974
China Everbright Bank Co Ltd H Shares (e)
 
1,429,000
581,265
China Merchants Bank Co Ltd A Shares (China)
 
650,700
3,817,516
China Merchants Bank Co Ltd H Shares
 
2,012,251
13,060,234
China Minsheng Banking Corp Ltd A Shares (China)
 
1,105,100
592,501
China Minsheng Banking Corp Ltd H Shares
 
3,599,300
1,666,003
China Zheshang Bank Co Ltd A Shares (China)
 
672,650
301,786
Chongqing Rural Commercial Bank Co Ltd A Shares (China)
 
308,100
308,318
Chongqing Rural Commercial Bank Co Ltd H Shares
 
1,104,000
923,472
CNPC Capital Co Ltd A Shares (China)
 
233,400
248,482
Huaxia Bank Co Ltd A Shares (China)
 
475,500
486,485
Industrial & Commercial Bank of China Ltd A Shares (China)
 
2,359,800
2,792,166
Industrial & Commercial Bank of China Ltd H Shares
 
33,992,000
32,551,250
Industrial Bank Co Ltd A Shares (China)
 
643,300
1,800,009
Ping An Bank Co Ltd A Shares (China)
 
677,600
1,167,071
Postal Savings Bank of China Co Ltd A Shares (China)
 
731,500
556,199
Postal Savings Bank of China Co Ltd H Shares (c)(d)
 
4,693,000
3,039,942
Shanghai Pudong Development Bank Co Ltd A Shares (China)
 
1,066,200
1,500,805
Shanghai Rural Commercial Bank Co Ltd A Shares (China)
 
363,100
461,939
 
 
 
188,095,335
Capital Markets - 0.1%
 
 
 
Beijing Compass Technology Development Co Ltd A Shares (China)
 
30,300
369,886
BOC International China Co Ltd A Shares (China)
 
79,000
138,359
Caitong Securities Co Ltd A Shares (China)
 
146,470
181,654
Changjiang Securities Co Ltd A Shares (China)
 
163,600
208,360
China Galaxy Securities Co Ltd A Shares (China)
 
192,600
360,140
China Galaxy Securities Co Ltd H Shares
 
1,843,500
1,788,870
China Great Wall Securities Co Ltd A Shares (China)
 
113,500
139,688
China International Capital Corp Ltd A Shares (China)
 
67,200
351,388
China International Capital Corp Ltd H Shares (c)(d)
 
953,600
2,626,461
China Merchants Securities Co Ltd A Shares (China)
 
264,830
689,345
CITIC Securities Co Ltd A Shares (China)
 
433,330
1,823,016
CITIC Securities Co Ltd H Shares
 
782,675
2,726,548
CSC Financial Co Ltd A Shares (China)
 
134,300
512,738
Dongxing Securities Co Ltd A Shares (China)
 
92,500
189,347
East Money Information Co Ltd A Shares (China)
 
485,089
1,447,620
Everbright Securities Co Ltd A Shares (China)
 
125,300
274,583
Founder Securities Co Ltd A Shares (China)
 
213,600
224,625
GF Securities Co Ltd A Shares (China)
 
204,000
644,582
GF Securities Co Ltd H Shares
 
495,600
1,079,370
Guolian Minsheng Securities Co Ltd A Shares (China)
 
138,100
184,233
Guosen Securities Co Ltd A Shares (China)
 
192,500
293,910
Guotai Haitong Securities Co Ltd A Shares (China)
 
554,766
1,506,523
Guotai Haitong Securities Co Ltd H Shares (c)(d)
 
1,068,120
2,033,438
Guoyuan Securities Co Ltd A Shares (China)
 
132,300
143,813
Hithink RoyalFlush Information Network Co Ltd A Shares (China)
 
22,680
789,196
Huatai Securities Co Ltd A Shares (China)
 
118,100
342,946
Huatai Securities Co Ltd H Shares (c)(d)
 
903,600
1,946,063
Industrial Securities Co Ltd A Shares (China)
 
233,940
209,323
Orient Securities Co Ltd/China A Shares (China)
 
219,408
298,522
SDIC Capital Co Ltd A Shares (China)
 
212,000
204,751
Shenwan Hongyuan Group Co Ltd A Shares (China)
 
670,000
465,200
SooChow Securities Co Ltd A Shares (China)
 
129,549
155,697
Tianfeng Securities Co Ltd A Shares (China) (b)
 
266,800
146,682
Zheshang Securities Co Ltd A Shares (China)
 
151,000
213,713
Zhongtai Securities Co Ltd A Shares (China)
 
227,700
190,264
 
 
 
24,900,854
Financial Services - 0.0%
 
 
 
Far East Horizon Ltd
 
1,293,000
1,134,326
Insurance - 0.3%
 
 
 
China Life Insurance Co Ltd A Shares (China)
 
104,400
610,187
China Life Insurance Co Ltd H Shares
 
3,885,000
14,465,215
China Pacific Insurance Group Co Ltd A Shares (China)
 
225,100
1,076,458
China Pacific Insurance Group Co Ltd H Shares
 
1,403,600
5,469,501
China Taiping Insurance Holdings Co Ltd
 
759,577
2,132,750
New China Life Insurance Co Ltd A Shares (China)
 
49,500
462,039
New China Life Insurance Co Ltd H Shares
 
516,500
3,184,987
People's Insurance Co Group of China Ltd/The A Shares (China)
 
140,700
153,378
People's Insurance Co Group of China Ltd/The H Shares
 
4,912,000
3,419,811
PICC Property & Casualty Co Ltd H Shares
 
3,696,933
7,731,014
Ping An Insurance Group Co of China Ltd A Shares (China)
 
353,192
2,867,381
Ping An Insurance Group Co of China Ltd H Shares
 
3,436,500
25,673,315
 
 
 
67,246,036
TOTAL FINANCIALS
 
 
281,376,551
Health Care - 0.3%
 
 
 
Biotechnology - 0.1%
 
 
 
3SBio Inc (c)(d)
 
994,000
2,119,208
Akeso Inc (b)(c)(d)(e)
 
338,000
4,049,156
Beijing Wantai Biological Pharmacy Enterprise Co Ltd A Shares (China) (b)
 
32,346
146,755
Chongqing Zhifei Biological Products Co Ltd A Shares (China) (b)
 
68,200
131,622
Imeik Technology Development Co Ltd A Shares (China)
 
8,520
137,631
Innovent Biologics Inc (b)(c)(d)
 
761,500
8,418,603
Remegen Co Ltd H Shares (b)(c)(d)(e)
 
119,500
1,245,681
Shanghai RAAS Blood Products Co Ltd A Shares (China)
 
173,800
133,327
Sichuan Kelun-Biotech Biopharmaceutical Co Ltd H Shares (b)(e)
 
29,000
1,789,019
 
 
 
18,171,002
Health Care Equipment & Supplies - 0.0%
 
 
 
APT Medical Inc A Shares (China)
 
4,390
147,810
Shanghai United Imaging Healthcare Co Ltd A Shares (China)
 
23,861
408,330
Shenzhen Mindray Bio-Medical Electronics Co Ltd A Shares (China)
 
40,900
962,364
Shenzhen New Industries Biomedical Engineering Co Ltd A Shares (China)
 
20,800
147,541
 
 
 
1,666,045
Health Care Providers & Services - 0.0%
 
 
 
Aier Eye Hospital Group Co Ltd A Shares (China)
 
261,069
350,979
Huadong Medicine Co Ltd A Shares (China)
 
47,460
204,759
Shanghai Pharmaceuticals Holding Co Ltd H Shares
 
130,700
200,323
Sinopharm Group Co Ltd H Shares
 
726,800
1,611,748
 
 
 
2,367,809
Life Sciences Tools & Services - 0.1%
 
 
 
Genscript Biotech Corp (b)
 
640,000
1,473,835
Hangzhou Tigermed Consulting Co Ltd A Shares (China)
 
4,600
34,065
Hangzhou Tigermed Consulting Co Ltd H Shares (c)(d)(e)
 
7,900
37,997
Pharmaron Beijing Co Ltd A Shares (China)
 
17,700
96,341
Pharmaron Beijing Co Ltd H Shares (c)(d)
 
39,200
114,465
Wuxi Apptec Co Ltd A Shares (China)
 
112,548
2,139,295
Wuxi Apptec Co Ltd H Shares (c)(d)(e)
 
188,500
3,862,587
Wuxi Biologics Cayman Inc (b)(c)(d)
 
1,869,500
9,226,927
WuXi XDC Cayman Inc (b)
 
201,500
1,330,932
XtalPi Holdings Ltd (b)(e)
 
928,000
809,385
 
 
 
19,125,829
Pharmaceuticals - 0.1%
 
 
 
Beijing Tong Ren Tang Co Ltd A Shares (China)
 
34,400
134,166
Changchun High-Tech Industry Group Co Ltd A Shares (China)
 
11,600
139,204
China Resources Sanjiu Medical & Pharmaceutical Co Ltd A Shares (China)
 
42,611
163,009
CSPC Innovation Pharmaceutical Co Ltd A Shares (China) (b)
 
40,420
227,574
CSPC Pharmaceutical Group Ltd (e)
 
4,304,640
4,709,504
Haisco Pharmaceutical Group Co Ltd A Shares (China)
 
27,700
256,026
Hansoh Pharmaceutical Group Co Ltd (c)(d)(e)
 
648,000
2,658,962
Hebei Changshan Biochemical Pharmaceutical CO Ltd A Shares (China) (b)
 
26,400
97,458
Jiangsu Hengrui Pharmaceuticals Co Ltd A Shares (China)
 
193,148
1,546,262
Kangmei Pharmaceutical Co Ltd rights (b)(f)
 
2,718
0
Shanghai Allist Pharmaceuticals Co Ltd A Shares (China)
 
13,469
221,900
Shanghai Fosun Pharmaceutical Group Co Ltd A Shares (China)
 
10,600
36,457
Shanghai Fosun Pharmaceutical Group Co Ltd H Shares (e)
 
108,500
227,172
Shenzhen Salubris Pharmaceuticals Co Ltd A Shares (China)
 
32,000
157,812
Sichuan Biokin Pharmaceutical Co Ltd A Shares (China) (b)
 
8,353
368,666
Sichuan Kelun Pharmaceutical Co Ltd A Shares (China)
 
47,600
306,811
Sino Biopharmaceutical Ltd
 
5,218,250
3,346,909
Yunnan Baiyao Group Co Ltd A Shares (China)
 
53,680
420,441
Zhangzhou Pientzehuang Pharmaceutical Co Ltd A Shares (China)
 
17,498
361,692
 
 
 
15,380,025
TOTAL HEALTH CARE
 
 
56,710,710
Industrials - 0.4%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
AECC Aviation Power Co Ltd A Shares (China)
 
80,100
411,001
Kuang-Chi Technologies Co Ltd A Shares (China)
 
62,100
284,003
 
 
 
695,004
Air Freight & Logistics - 0.0%
 
 
 
J&T Global Express Ltd B Shares (b)(e)
 
1,223,800
1,574,536
JD Logistics Inc (b)(c)(d)
 
872,600
1,671,230
SF Holding Co Ltd A Shares (China)
 
137,000
710,343
YTO Express Group Co Ltd A Shares (China)
 
93,000
259,640
ZTO Express Cayman Inc A Shares
 
198,991
4,762,093
 
 
 
8,977,842
Building Products - 0.0%
 
 
 
Beijing New Building Materials PLC A Shares (China)
 
44,600
127,401
Commercial Services & Supplies - 0.0%
 
 
 
Zhejiang Weiming Environment Protection Co Ltd A Shares (China)
 
55,800
126,343
Construction & Engineering - 0.0%
 
 
 
China Energy Engineering Corp Ltd A Shares (China)
 
1,220,400
469,946
China National Chemical Engineering Co Ltd A Shares (China)
 
169,900
197,164
China Railway Group Ltd A Shares (China)
 
1,032,400
704,271
China Railway Group Ltd H Shares (e)
 
1,485,000
683,573
China State Construction Engineering Corp Ltd A Shares (China)
 
1,421,060
989,495
Metallurgical Corp of China Ltd A Shares (China) (b)
 
233,100
93,832
Metallurgical Corp of China Ltd H Shares (b)
 
883,000
168,890
Power Construction Corp of China Ltd A Shares (China)
 
487,400
352,812
Sichuan Road and Bridge Group Co Ltd A Shares (China)
 
200,140
267,338
 
 
 
3,927,321
Electrical Equipment - 0.2%
 
 
 
China XD Electric Co Ltd A Shares (China)
 
149,600
295,589
CNGR Advanced Material Co Ltd A Shares (China)
 
27,140
163,495
Contemporary Amperex Technology Co Ltd A Shares (China)
 
140,180
8,213,447
Contemporary Amperex Technology Co Ltd H Shares (e)
 
92,622
7,332,399
Dajin Heavy Industry Co Ltd A Shares (China)
 
22,300
130,263
Dongfang Electric Corp Ltd A Shares (China)
 
88,900
330,717
Eve Energy Co Ltd A Shares (China)
 
60,724
488,032
GEM Co Ltd A Shares (China)
 
155,400
154,047
Goldwind Science & Technology Co Ltd A Shares (China)
 
103,982
282,488
Gotion High-Tech Co Ltd A Shares (China)
 
52,400
221,450
Hunan Yuneng New Energy Battery Material Co Ltd (China)
 
28,100
263,631
Jiangsu Zhongtian Technology Co Ltd A Shares (China)
 
100,100
421,194
JL Mag Rare-Earth Co Ltd A Shares (China)
 
31,900
120,788
NARI Technology Co Ltd A Shares (China)
 
268,305
966,560
Ningbo Deye Technology Corp A Shares (China)
 
42,214
511,799
Ningbo Orient Wires & Cables Co Ltd A Shares (China)
 
23,040
140,334
Ningbo Sanxing Medical Electric Co Ltd A Shares (China)
 
46,100
113,175
Shanghai Electric Group Co Ltd A Shares (China)
 
389,300
397,677
Shenzhen Megmeet Electrical Co Ltd (China)
 
16,800
265,327
Sichuan Huafeng Technology Co Ltd A Shares (China) (b)
 
15,128
307,757
Sungrow Power Supply Co Ltd A Shares (China)
 
65,260
1,003,026
Sunwoda Electronic Co Ltd A Shares (China)
 
54,700
154,314
TBEA Co Ltd A Shares (China)
 
147,800
458,401
Wolong Electric Group Co Ltd A Shares (China)
 
45,400
213,123
Zhejiang Chint Electrics Co Ltd A Shares (China)
 
61,000
227,853
Zhejiang Huayou Cobalt Co Ltd A Shares (China)
 
55,510
328,309
 
 
 
23,505,195
Ground Transportation - 0.0%
 
 
 
Daqin Railway Co Ltd A Shares (China)
 
791,200
582,408
Full Truck Alliance Co Ltd ADR
 
366,289
3,476,083
 
 
 
4,058,491
Industrial Conglomerates - 0.0%
 
 
 
CITIC Ltd
 
2,277,000
3,591,565
Machinery - 0.2%
 
 
 
Airtac International Group
 
74,043
3,000,179
China CSSC Holdings Ltd A Shares (China)
 
228,900
1,192,550
CRRC Corp Ltd A Shares (China)
 
1,080,600
985,857
CRRC Corp Ltd H Shares
 
1,732,000
1,161,675
Haitian International Holdings Ltd
 
332,000
881,393
Jiangsu Hengli Hydraulic Co Ltd A Shares (China)
 
40,172
645,555
RoboTechnik Intelligent Technology Co Ltd A Shares (China)
 
4,900
301,229
Sany Heavy Industry Co Ltd A Shares (China)
 
294,800
897,283
Shandong Himile Mechanical Science & Technology Co Ltd A Shares (China)
 
33,350
258,020
Shenzhen Envicool Technology Co Ltd A Shares (China)
 
36,790
258,098
Shenzhen Inovance Technology Co Ltd A Shares (China)
 
37,450
355,369
Sinotruk Hong Kong Ltd
 
432,500
2,241,253
UBTech Robotics Corp Ltd H Shares (b)(e)
 
114,500
1,190,640
Weichai Power Co Ltd A Shares (China)
 
194,800
806,373
Weichai Power Co Ltd H Shares
 
1,056,600
4,437,980
XCMG Construction Machinery Co Ltd A Shares (China)
 
357,900
474,877
Yangzijiang Shipbuilding (Holdings) Ltd
 
1,357,100
4,142,569
Yutong Bus Co Ltd A Shares (China)
 
61,300
292,371
Zhejiang Sanhua Intelligent Controls Co Ltd A Shares (China)
 
54,200
301,054
Zhuzhou CRRC Times Electric Co Ltd A Shares (China)
 
29,654
207,370
Zhuzhou CRRC Times Electric Co Ltd H Shares
 
212,600
912,491
Zoomlion Heavy Industry Science and Technology Co Ltd A Shares (China)
 
193,700
218,027
 
 
 
25,162,213
Marine Transportation - 0.0%
 
 
 
COSCO SHIPPING Holdings Co Ltd A Shares (China)
 
458,320
1,059,803
COSCO SHIPPING Holdings Co Ltd H Shares (e)
 
1,180,150
2,373,121
SITC International Holdings Co Ltd
 
711,000
3,579,297
 
 
 
7,012,221
Passenger Airlines - 0.0%
 
 
 
Air China Ltd A Shares (China) (b)
 
228,700
211,856
Air China Ltd H Shares (b)(e)
 
284,000
154,631
China Eastern Airlines Corp Ltd A Shares (China) (b)
 
524,400
290,386
China Southern Airlines Co Ltd A Shares (China) (b)
 
165,000
128,298
China Southern Airlines Co Ltd H Shares (b)(e)
 
620,000
278,282
Hainan Airlines Holding Co Ltd A Shares (China) (b)
 
1,234,000
250,375
Spring Airlines Co Ltd A Shares (China)
 
27,400
190,964
 
 
 
1,504,792
Professional Services - 0.0%
 
 
 
Kanzhun Ltd ADR
 
190,876
3,107,461
Trading Companies & Distributors - 0.0%
 
 
 
BOC Aviation Ltd (c)(d)
 
110,200
1,087,611
Transportation Infrastructure - 0.0%
 
 
 
Beijing-Shanghai High Speed Railway Co Ltd A Shares (China)
 
1,681,600
1,277,599
China Merchants Expressway Network & Technology Holdings Co Ltd A Shares (China)
 
146,300
219,060
China Merchants Port Holdings Co Ltd
 
672,655
1,311,447
Shanghai International Airport Co Ltd A Shares (China)
 
37,900
138,527
 
 
 
2,946,633
TOTAL INDUSTRIALS
 
 
85,830,093
Information Technology - 0.7%
 
 
 
Communications Equipment - 0.1%
 
 
 
Advanced Fiber Resources Zhuhai Ltd A Shares (China)
 
8,200
247,385
CICT Mobile Communication Technology Co Ltd A Shares (China) (b)
 
99,576
174,212
EverProX Technologies Co Ltd A Shares (China)
 
9,600
199,038
Fiberhome Telecommunication Technologies Co Ltd A Shares (China)
 
39,400
192,023
Guangzhou Haige Communications Group Inc Co A Shares (China)
 
71,800
105,974
Hengtong Optic-electric Co Ltd A Shares (China)
 
74,400
521,502
Jiangsu Etern Co Ltd A Shares (China)
 
47,600
225,083
QuantumCTek Co Ltd A Shares (China)
 
2,998
170,558
Shenzhen Sunway Communication Co Ltd A Shares (China)
 
28,200
239,417
Suzhou TFC Optical Communication Co Ltd A Shares (China)
 
33,964
856,146
Yangtze Optical Fibre & Cable Joint Stock Ltd Co A Shares (China)
 
12,000
479,026
Yangtze Optical Fibre & Cable Joint Stock Ltd Co H Shares (c)(d)
 
206,500
2,547,546
Yealink Network Technology Corp Ltd A Shares (China)
 
34,760
200,103
Zhongji Innolight Co Ltd A Shares (China)
 
35,900
4,777,973
ZTE Corp A Shares (China)
 
76,600
383,402
ZTE Corp H Shares (e)
 
500,480
1,586,496
 
 
 
12,905,884
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Aac Technologies Holdings Inc (e)
 
403,500
1,982,925
Accelink Technologies Co Ltd A Shares (China) (b)
 
26,200
626,134
Avary Holding Shenzhen Co Ltd A Shares (China)
 
61,600
743,188
BOE Technology Group Co Ltd A Shares (China)
 
1,152,100
937,413
BYD Electronic International Co Ltd (e)
 
409,000
1,224,538
Chaozhou Three-Circle Group Co Ltd A Shares (China)
 
62,700
1,026,583
Delton Technology Guangzhou Inc A Shares (China)
 
12,000
252,354
Eoptolink Technology Inc Ltd A Shares (China)
 
44,156
2,587,327
Founder Technology Group Corp A Shares (China) (b)
 
122,600
166,334
Foxconn Industrial Internet Co Ltd A Shares (China)
 
332,496
2,789,869
GoerTek Inc A Shares (China)
 
100,900
345,628
Hgtech Co Ltd A Shares (China)
 
33,100
465,599
Lens Technology Co Ltd A Shares (China)
 
162,500
757,365
Lingyi iTech Guangdong Co A Shares (China)
 
209,600
383,623
Luxshare Precision Industry Co Ltd A Shares (China)
 
233,947
1,992,546
Maxscend Microelectronics Co Ltd A Shares (China) (b)
 
17,552
176,112
Raytron Technology Co Ltd A Shares (China)
 
16,258
340,041
Shanghai BOCHU Electronic Technology Corp Ltd A Shares (China)
 
10,732
166,510
Shannon Semiconductor Technology Co Ltd A Shares (China)
 
13,600
292,393
Shengyi Electronics Co Ltd A Shares (China)
 
20,201
282,365
Shengyi Technology Co Ltd A Shares (China)
 
77,100
1,204,909
Shennan Circuits Co Ltd A Shares (China)
 
21,720
990,160
Shenzhen Everwin Precision Technology Co Ltd A Shares (China)
 
38,600
157,592
Shenzhen Kinwong Electronic Co Ltd A Shares (China)
 
28,700
308,691
Sunny Optical Technology Group Co Ltd
 
340,200
2,431,426
SUPCON Technology Co Ltd A Shares (China)
 
23,973
329,988
Suzhou Dongshan Precision Manufacturing Co Ltd A Shares (China) (b)
 
57,100
1,448,248
TCL Technology Group Corp A Shares (China)
 
591,660
414,061
Unisplendour Corp Ltd A Shares (China)
 
79,120
407,713
Universal Scientific Industrial Shanghai Co Ltd A Shares (China)
 
55,300
179,389
Victory Giant Technology Huizhou Co Ltd A Shares (China)
 
27,900
786,897
Wuhan Guide Infrared Co Ltd A Shares (China) (b)
 
132,244
246,428
WUS Printed Circuit Kunshan Co Ltd A Shares (China)
 
62,630
961,376
Zhejiang Dahua Technology Co Ltd A Shares (China)
 
88,500
218,831
 
 
 
27,624,556
IT Services - 0.0%
 
 
 
GDS Holdings Ltd A Shares (b)
 
567,900
2,310,869
Isoftstone Information Technology Group Co Ltd A Shares (China)
 
26,750
152,009
Range Intelligent Computing Technology Group Co Ltd A Shares (China)
 
51,800
484,682
 
 
 
2,947,560
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
ACM Research Shanghai Inc A Shares (China)
 
10,872
436,209
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
 
30,564
1,554,220
Amlogic Shanghai Co Ltd A Shares (China)
 
12,116
174,690
Anji Microelectronics Technology Shanghai Co Ltd A Shares (China)
 
6,275
220,089
Biwin Storage Technology Co Ltd A Shares (China)
 
15,361
511,821
Cambricon Technologies Corp Ltd A Shares (China)
 
19,938
3,259,908
China Resources Microelectronics Ltd A Shares (China)
 
40,476
324,854
CSI Solar Co Ltd A Shares (China)
 
106,330
165,256
Dosilicon Co Ltd A Shares (China) (b)
 
12,937
194,934
GCL Technology Holdings Ltd (b)(e)
 
12,681,000
986,357
Gigadevice Semiconductor Inc A Shares (China)
 
21,184
1,183,095
Guobo Electronics Co Ltd A Shares (China)
 
11,548
123,639
Hangzhou Chang Chuan Technology Co Ltd A Shares (China)
 
21,600
828,890
Hangzhou First Applied Material Co Ltd A Shares (China)
 
80,148
173,979
Hangzhou Silan Microelectronics Co Ltd A Shares (China)
 
46,800
195,322
Henan Shijia Photons Technology Co Ltd A Shares (China)
 
14,918
198,897
Hua Hong Grace Semiconductor Ltd (b)(c)(d)
 
375,000
6,134,920
Hua Hong Grace Semiconductor Ltd A Shares (China) (b)
 
17,644
619,839
Hwatsing Technology Co Ltd A Shares (China)
 
14,211
540,443
Hygon Information Technology Co Ltd A Shares (China)
 
74,234
3,044,251
Ingenic Semiconductor Co Ltd A Shares (China)
 
14,000
261,988
JA Solar Technology Co Ltd A Shares (China) (b)
 
95,296
105,946
JCET Group Co Ltd A Shares (China)
 
56,000
543,302
Jinko Solar Co Ltd A Shares (China) (b)
 
295,375
189,521
LONGi Green Energy Technology Co Ltd A Shares (China) (b)
 
221,268
425,447
Loongson Technology Corp Ltd (China) (b)
 
11,680
183,889
Montage Technology Co Ltd A Shares (China)
 
36,432
1,103,689
National Silicon Industry Group Co Ltd A Shares (China) (b)
 
94,966
329,788
NAURA Technology Group Co Ltd A Shares (China)
 
23,080
2,343,464
Nexchip Semiconductor Corp A Shares (China) (b)
 
58,235
319,850
OmniVision Integrated Circuits Group Inc A Shares (China)
 
38,150
500,187
Piotech Inc A Shares (China)
 
9,300
914,330
Rockchip Electronics Co Ltd A Shares (China)
 
12,100
336,953
Sanan Optoelectronics CO Ltd A Shares (China) (b)
 
142,800
258,871
SG Micro Corp A Shares (China)
 
17,381
245,923
Shenzhen Techwinsemi Technology Co Ltd A Shares (China)
 
6,600
377,697
Skyverse Technology Co Ltd A Shares (China) (b)
 
10,198
522,458
Suzhou Centec Communications Co Ltd A Shares (China) (b)
 
8,465
426,283
Suzhou Everbright Photonics Co Ltd A Shares (China) (b)
 
5,691
190,644
Suzhou Maxwell Technologies Co Ltd A Shares (China)
 
8,200
180,509
TCL Zhonghuan Renewable Energy Technology Co Ltd A Shares (China) (b)
 
116,900
152,479
Tianshui Huatian Technology Co Ltd A Shares (China)
 
91,800
210,325
TongFu Microelectronics Co Ltd A Shares (China)
 
46,300
388,889
Tongwei Co Ltd A Shares (China) (b)
 
156,700
271,008
Trina Solar Co Ltd A Shares (China) (b)
 
68,051
136,869
Unigroup Guoxin Microelectronics Co Ltd A Shares (China)
 
23,979
230,615
United Nova Technology Co Ltd A Shares (China) (b)
 
243,349
280,147
Verisilicon Microelectronics Shanghai Co Ltd A Shares (China) (b)
 
15,642
445,156
Xinjiang Daqo New Energy Co Ltd A Shares (China) (b)
 
60,586
162,435
Xinyi Solar Holdings Ltd (e)
 
2,277,631
638,936
Yuanjie Semiconductor Technology Co Ltd A Shares (China)
 
4,171
671,914
Zhejiang Jingsheng Mechanical & Electrical Co Ltd A Shares (China)
 
38,300
218,256
 
 
 
34,439,381
Software - 0.0%
 
 
 
360 Security Technology Inc A Shares (China)
 
204,100
282,388
Beijing Kingsoft Office Software Inc A Shares (China)
 
13,442
538,415
China National Software & Service Co Ltd A Shares (China) (b)
 
26,130
127,487
Empyrean Technology Co Ltd A Shares (China)
 
18,500
238,924
Geovis Technology Co Ltd A Shares (China)
 
23,497
116,351
Horizon Robotics A Shares (b)(e)
 
2,652,600
1,748,692
Hundsun Technologies Inc A Shares (China)
 
52,777
179,164
Iflytek Co Ltd A Shares (China)
 
67,300
420,154
Kingdee International Software Group Co Ltd (b)
 
1,558,000
1,654,868
Pony AI Inc A Shares (e)
 
99,300
788,839
Sangfor Technologies Inc A Shares (China)
 
12,200
218,210
SenseTime Group Inc Class B Shares (b)(c)(d)(e)
 
14,605,000
2,700,353
Shanghai Baosight Software Co Ltd A Shares (China)
 
14,342
39,499
Shanghai Baosight Software Co Ltd B Shares
 
168,411
150,263
Shanghai Stonehill Technology Co Ltd A Shares (China)
 
165,200
165,389
Yonyou Network Technology CO Ltd A Shares (China) (b)
 
98,730
162,485
 
 
 
9,531,481
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Anker Innovations Technology Co Ltd A Shares (China)
 
14,870
268,766
China Greatwall Technology Group Co Ltd A Shares (China) (b)
 
91,600
186,188
Huaqin Co Ltd A Shares (China)
 
33,460
402,307
IEIT Systems Co Ltd A Shares (China)
 
41,912
443,925
Lenovo Group Ltd
 
3,940,000
12,049,279
Sharetronic Data Technology Co Ltd A Shares (China)
 
14,140
450,729
Shenzhen Longsys Electronics Co Ltd (China)
 
13,200
677,995
Shenzhen Transsion Holdings Co Ltd A Shares (China)
 
32,926
313,507
Xiaomi Corp B Shares (b)(c)(d)
 
9,073,200
33,293,967
 
 
 
48,086,663
TOTAL INFORMATION TECHNOLOGY
 
 
135,535,525
Materials - 0.3%
 
 
 
Chemicals - 0.0%
 
 
 
Canmax Technologies Co Ltd A Shares (China) (b)
 
26,900
215,667
Ganfeng Lithium Group Co Ltd A Shares (China)
 
55,920
411,536
Ganfeng Lithium Group Co Ltd H Shares (c)(d)(e)
 
250,400
1,175,626
Guangzhou Tinci Materials Technology Co Ltd A Shares (China)
 
59,320
313,447
Hengli Petrochemical Co Ltd A Shares (China)
 
204,400
505,394
Hoshine Silicon Industry Co Ltd A Shares (China)
 
28,200
139,742
Huafon Chemical Co Ltd A Shares (China)
 
141,700
230,204
Hubei Feilihua Quartz Glass Co Ltd A Shares (China) (b)
 
17,100
184,339
Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd A Shares (China)
 
233,300
163,603
Jiangsu Eastern Shenghong Co Ltd A Shares (China) (b)
 
188,900
328,987
Kingfa Sci & Tech Co Ltd A Shares (China)
 
74,400
170,282
LB Group Co Ltd A Shares (China)
 
72,600
175,841
Ningxia Baofeng Energy Group Co Ltd A Shares (China)
 
223,500
769,180
Qinghai Salt Lake Industry Co Ltd A Shares (China) (b)
 
176,100
710,554
Rongsheng Petrochemical Co Ltd A Shares (China)
 
302,350
553,511
Satellite Chemical Co Ltd A Shares (China)
 
103,199
386,729
Shandong Hualu Hengsheng Chemical Co Ltd A Shares (China)
 
78,026
248,836
Shanghai Putailai New Energy Technology Group Co Ltd A Shares (China)
 
60,280
212,471
Sinoma Science & Technology Co Ltd A Shares (China)
 
49,000
312,425
Tianqi Lithium Corp A Shares (China) (b)
 
42,600
286,321
Wanhua Chemical Group Co Ltd A Shares (China)
 
94,200
1,037,853
Yunnan Energy New Material Group Co Ltd A Shares (China) (b)
 
28,600
222,797
Yunnan Yuntianhua Co Ltd A Shares (China)
 
53,200
234,924
Zangge Mining Co Ltd A Shares (China)
 
47,600
566,818
Zhejiang Juhua Co Ltd A Shares (China)
 
83,300
486,519
Zhejiang Longsheng Group Co Ltd A Shares (China)
 
102,600
201,602
Zhejiang NHU Co Ltd A Shares (China)
 
92,780
412,221
 
 
 
10,657,429
Construction Materials - 0.0%
 
 
 
Anhui Conch Cement Co Ltd A Shares (China)
 
105,200
289,145
Anhui Conch Cement Co Ltd H Shares
 
656,500
1,547,828
China Jushi Co Ltd A Shares (China)
 
136,622
763,265
China National Building Material Co Ltd H Shares (e)
 
1,837,000
873,713
 
 
 
3,473,951
Metals & Mining - 0.3%
 
 
 
Aluminum Corp of China Ltd A Shares (China)
 
638,400
907,451
Aluminum Corp of China Ltd H Shares
 
1,670,000
1,801,515
Baiyin Nonferrous Group Co Ltd A Shares (China) (b)
 
217,300
160,274
Baoshan Iron & Steel Co Ltd A Shares (China)
 
679,800
617,118
Chengtun Mining Group Co Ltd A Shares (China)
 
88,500
139,205
Chifeng Jilong Gold Mining Co A Shares (China)
 
47,700
280,780
China Gold International Resources Corp Ltd
 
124,800
2,799,184
China Hongqiao Group Ltd
 
1,716,500
5,371,176
China Nonferrous Mining Corp Ltd
 
724,000
1,361,701
China Northern Rare Earth Group High-Tech Co Ltd A Shares (China)
 
125,600
739,343
China Oriental Group Co Ltd
 
107
14
China Rare Earth Resources And Technology Co Ltd A Shares (China)
 
30,100
213,323
China Tungsten And Hightech Materials Co Ltd A Shares (China)
 
66,800
489,449
Citic Pacific Special Steel Group Co Ltd A Shares (China)
 
90,600
200,787
CMOC Group Ltd A Shares (China)
 
463,700
1,338,884
CMOC Group Ltd H Shares
 
2,037,000
4,387,041
Dazhong Mining Co Ltd A Shares (China)
 
50,300
192,706
Guangdong HEC Technology Holding Co Ltd A Shares (China) (b)
 
101,200
425,557
Guocheng Mining Co Ltd A Shares (China)
 
39,400
162,510
Henan Shenhuo Coal Industry & Electricity Power Co Ltd A Shares (China)
 
63,000
243,451
Hunan Valin Steel Co Ltd A Shares (China)
 
186,400
108,637
Inner Mongolia BaoTou Steel Union Co Ltd A Shares (China) (b)
 
1,313,700
433,994
Inner Mongolia Xingye Silver&Tin Mining Co Ltd A Shares (China)
 
51,700
244,283
Jiangxi Copper Co Ltd A Shares (China)
 
62,700
403,111
Jiangxi Copper Co Ltd H Shares
 
558,000
2,503,116
Jinduicheng Molybdenum Co Ltd A Shares (China)
 
90,700
281,334
MMG Ltd (b)
 
2,588,000
2,768,709
Shandong Gold Mining Co Ltd A Shares (China)
 
125,532
525,578
Shandong Gold Mining Co Ltd H Shares (c)(d)
 
455,500
1,170,928
Shandong Hongqiao Aluminum Industry Holding Co Ltd A Shares (China)
 
86,500
265,869
Shandong Nanshan Aluminum Co Ltd A Shares (China)
 
328,600
229,969
Shanjin International Gold Co Ltd A Shares (China)
 
84,440
292,245
Sinomine Resource Group Co Ltd A Shares (China)
 
20,800
144,806
Tianshan Aluminum Group Co Ltd A Shares (China)
 
143,600
281,093
Tongling Nonferrous Metals Group Co Ltd A Shares (China)
 
391,100
360,939
Western Mining Co Ltd A Shares (China)
 
73,100
415,864
Western Superconducting Technologies Co Ltd A Shares (China)
 
18,859
147,173
Xiamen Tungsten Co Ltd A Shares (China)
 
47,900
333,141
Yunnan Aluminium Co Ltd A Shares (China)
 
100,100
395,454
Yunnan Tin Co Ltd A Shares (China)
 
47,300
238,444
Zhaojin Mining Industry Co Ltd H Shares
 
873,500
2,361,292
Zhongjin Gold Corp Ltd A Shares (China) (b)
 
141,700
484,069
Zijin Mining Group Co Ltd A Shares (China)
 
703,000
3,437,657
Zijin Mining Group Co Ltd H Shares
 
3,128,000
13,258,023
 
 
 
52,917,197
Paper & Forest Products - 0.0%
 
 
 
Shandong Sun Paper Industry JSC Ltd A Shares (China)
 
85,200
183,738
TOTAL MATERIALS
 
 
67,232,315
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
C&D International Investment Group Ltd (e)
 
480,232
941,187
China Merchants Shekou Industrial Zone Holdings Co Ltd A Shares (China)
 
257,300
264,989
China Overseas Land & Investment Ltd
 
1,994,500
3,435,899
China Resources Land Ltd
 
1,521,134
6,439,566
China Resources Mixc Lifestyle Services Ltd (c)(d)
 
353,200
1,797,886
China Vanke Co Ltd A Shares (China) (b)
 
157,400
77,912
China Vanke Co Ltd H Shares (b)(e)
 
260,100
82,251
Hainan Airport Infrastructure Co Ltd A Shares (China)
 
330,400
143,376
KE Holdings Inc A Shares
 
1,057,134
5,929,360
Longfor Group Holdings Ltd (c)(d)(e)
 
1,126,371
985,273
Poly Developments and Holdings Group Co Ltd A Shares (China)
 
339,400
265,417
Shanghai Zhangjiang High-Tech Park Development Co Ltd A Shares (China)
 
44,800
213,163
TOTAL REAL ESTATE
 
 
20,576,279
Utilities - 0.1%
 
 
 
Gas Utilities - 0.0%
 
 
 
Beijing Enterprises Holdings Ltd
 
273,000
1,101,413
China Gas Holdings Ltd
 
1,462,200
1,139,197
China Resources Gas Group Ltd
 
461,400
984,293
ENN Energy Holdings Ltd
 
388,100
2,322,939
ENN Natural Gas Co Ltd A Shares (China)
 
70,500
185,840
Kunlun Energy Co Ltd
 
1,988,000
1,835,295
 
 
 
7,568,977
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
CGN Power Co Ltd A Shares (China)
 
369,700
226,061
CGN Power Co Ltd H Shares (c)(d)
 
4,660,000
1,717,255
China Longyuan Power Group Corp Ltd H Shares
 
1,293,000
951,317
China National Nuclear Power Co Ltd A Shares (China)
 
606,600
813,622
China Power International Development Ltd (e)
 
2,009,248
727,617
China Resources Power Holdings Co Ltd (e)
 
1,098,523
2,709,048
China Three Gorges Renewables Group Co Ltd A Shares (China)
 
889,400
513,806
China Yangtze Power Co Ltd A Shares (China)
 
895,530
3,858,427
Datang International Power Generation Co Ltd A Shares (China)
 
351,400
307,644
GD Power Development Co Ltd A Shares (China)
 
550,000
413,957
Hanergy Mobile Energy Holding Group Co Ltd (b)(f)
 
576,000
1
Huadian Power International Corp Ltd A Shares (China)
 
47,300
33,702
Huadian Power International Corp Ltd H Shares (e)
 
482,000
255,677
Huaneng Power International Inc A Shares (China)
 
309,900
329,922
Huaneng Power International Inc H Shares (e)
 
2,110,000
1,622,373
SDIC Power Holdings Co Ltd A Shares (China)
 
229,700
518,978
Shanghai Electric Power Co Ltd A Shares (China)
 
82,800
177,418
Shenergy Co Ltd A Shares (China)
 
136,700
172,986
Sichuan Chuantou Energy Co Ltd A Shares (China)
 
198,036
459,581
Wintime Energy Group Co Ltd A Shares (China) (b)
 
633,200
147,980
Zhejiang Zheneng Electric Power Co Ltd A Shares (China)
 
354,600
266,242
 
 
 
16,223,614
Water Utilities - 0.0%
 
 
 
Guangdong Investment Ltd
 
1,524,000
1,645,960
TOTAL UTILITIES
 
 
25,438,551
TOTAL CHINA
 
 
1,395,945,942
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA
 
121,728
3,450,031
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Interconexion Electrica SA ESP
 
236,367
2,240,041
TOTAL COLOMBIA
 
 
5,690,072
CONGO DEMOCRATIC REPUBLIC OF - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Ivanhoe Mines Ltd Class A (b)(e)
 
407,128
2,924,548
COTE D'IVOIRE - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Endeavour Mining PLC (United Kingdom)
 
111,667
5,300,582
CZECH REPUBLIC - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Komercni Banka AS
 
39,944
1,996,962
Moneta Money Bank AS (c)(d)
 
127,943
1,170,844
TOTAL FINANCIALS
 
 
3,167,806
Industrials - 0.0%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
CSG NV (e)
 
77,877
1,483,560
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
CEZ AS
 
65,816
4,239,926
TOTAL CZECH REPUBLIC
 
 
8,891,292
DENMARK - 0.9%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Pandora A/S
 
39,750
4,979,481
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Carlsberg AS Series B
 
49,826
7,350,142
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Danske Bank A/S
 
330,122
19,006,716
Insurance - 0.0%
 
 
 
Tryg A/S
 
162,571
3,879,934
TOTAL FINANCIALS
 
 
22,886,650
Health Care - 0.5%
 
 
 
Biotechnology - 0.0%
 
 
 
Genmab A/S (b)
 
32,334
9,306,967
Health Care Equipment & Supplies - 0.0%
 
 
 
Coloplast AS Series B
 
66,085
4,370,186
Demant A/S (b)
 
43,997
1,907,306
 
 
 
6,277,492
Pharmaceuticals - 0.5%
 
 
 
Novo Nordisk A/S Series B
 
1,701,805
80,498,064
TOTAL HEALTH CARE
 
 
96,082,523
Industrials - 0.2%
 
 
 
Air Freight & Logistics - 0.1%
 
 
 
DSV A/S
 
101,643
21,967,189
Building Products - 0.0%
 
 
 
ROCKWOOL A/S Series B
 
49,911
1,600,047
Electrical Equipment - 0.1%
 
 
 
Vestas Wind Systems A/S
 
507,812
13,669,012
TOTAL INDUSTRIALS
 
 
37,236,248
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Novonesis Novozymes B Series B
 
186,711
12,155,514
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Orsted AS (b)(c)(d)
 
244,262
5,464,053
TOTAL DENMARK
 
 
186,154,611
EGYPT - 0.0%
 
 
 
Consumer Staples - 0.0%
 
 
 
Tobacco - 0.0%
 
 
 
Eastern Co SAE
 
788,608
561,199
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Commercial International Bank - Egypt (CIB)
 
1,227,332
3,383,261
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Talaat Moustafa Group
 
391,711
745,132
TOTAL EGYPT
 
 
4,689,592
FINLAND - 0.7%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Elisa Oyj A Shares
 
73,909
2,981,281
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Kesko Oyj B Shares
 
142,350
3,542,376
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Neste Oyj
 
223,801
7,886,806
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Nordea Bank Abp
 
1,620,034
32,697,399
Insurance - 0.1%
 
 
 
Sampo Oyj A Shares
 
1,263,992
13,994,611
TOTAL FINANCIALS
 
 
46,692,010
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Orion Oyj B Shares
 
58,215
5,444,294
Industrials - 0.2%
 
 
 
Machinery - 0.2%
 
 
 
Kone Oyj B Shares
 
174,238
10,066,220
Metso Oyj
 
342,946
6,370,992
Wartsila OYJ Abp
 
259,185
8,769,115
TOTAL INDUSTRIALS
 
 
25,206,327
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.1%
 
 
 
Nokia Oyj
 
2,657,038
24,558,822
Materials - 0.1%
 
 
 
Paper & Forest Products - 0.1%
 
 
 
Stora Enso Oyj R Shares
 
288,071
3,301,295
UPM-Kymmene Oyj
 
278,043
7,564,379
TOTAL MATERIALS
 
 
10,865,674
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Fortum Oyj
 
235,071
5,346,898
TOTAL FINLAND
 
 
132,524,488
FRANCE - 4.8%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Orange SA
 
984,597
18,813,380
Media - 0.1%
 
 
 
Publicis Groupe SA
 
121,276
12,943,853
TOTAL COMMUNICATION SERVICES
 
 
31,757,233
Consumer Discretionary - 0.7%
 
 
 
Automobile Components - 0.1%
 
 
 
Cie Generale des Etablissements Michelin SCA Series B
 
326,338
13,190,739
Automobiles - 0.0%
 
 
 
Renault SA
 
98,127
3,098,486
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Accor SA
 
98,484
5,099,151
Sodexo SA
 
38,029
2,500,664
Sodexo SA loyalty shares
 
2,224
146,439
 
 
 
7,746,254
Textiles, Apparel & Luxury Goods - 0.6%
 
 
 
Hermes International SCA
 
13,663
24,209,117
Kering SA
 
37,744
12,458,295
LVMH Moet Hennessy Louis Vuitton SE
 
131,395
72,153,629
 
 
 
108,821,041
TOTAL CONSUMER DISCRETIONARY
 
 
132,856,520
Consumer Staples - 0.5%
 
 
 
Beverages - 0.0%
 
 
 
Pernod Ricard SA
 
103,682
8,080,283
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Carrefour SA
 
312,243
5,730,279
Food Products - 0.1%
 
 
 
Danone SA
 
333,085
25,909,393
Personal Care Products - 0.4%
 
 
 
L'Oreal SA
 
97,194
43,289,757
L'Oreal SA (loyalty shares)
 
29,695
13,226,015
 
 
 
56,515,772
TOTAL CONSUMER STAPLES
 
 
96,235,727
Energy - 0.5%
 
 
 
Oil, Gas & Consumable Fuels - 0.5%
 
 
 
Bollore SE
 
320,140
1,429,424
TotalEnergies SE
 
1,040,371
91,681,366
TOTAL ENERGY
 
 
93,110,790
Financials - 0.8%
 
 
 
Banks - 0.6%
 
 
 
BNP Paribas SA
 
523,549
66,526,708
Credit Agricole SA
 
478,980
10,703,029
Societe Generale SA Series A
 
337,739
31,746,337
 
 
 
108,976,074
Capital Markets - 0.0%
 
 
 
Amundi SA (c)(d)
 
32,224
3,505,961
Insurance - 0.2%
 
 
 
AXA SA
 
826,954
42,860,724
TOTAL FINANCIALS
 
 
155,342,759
Health Care - 0.2%
 
 
 
Biotechnology - 0.0%
 
 
 
Abivax SA (b)
 
31,718
3,936,411
Health Care Equipment & Supplies - 0.2%
 
 
 
BioMerieux
 
20,872
1,663,137
EssilorLuxottica SA
 
160,917
30,465,123
 
 
 
32,128,260
Life Sciences Tools & Services - 0.0%
 
 
 
Sartorius Stedim Biotech
 
15,325
2,945,926
Pharmaceuticals - 0.0%
 
 
 
Ipsen SA
 
17,862
3,443,913
TOTAL HEALTH CARE
 
 
42,454,510
Industrials - 1.4%
 
 
 
Aerospace & Defense - 0.9%
 
 
 
Airbus SE
 
313,880
73,686,066
Dassault Aviation SA
 
9,067
3,117,863
Safran SA
 
182,336
71,654,647
Thales SA
 
48,961
13,883,361
 
 
 
162,341,937
Building Products - 0.1%
 
 
 
Cie de Saint-Gobain SA
 
235,752
22,157,650
Construction & Engineering - 0.3%
 
 
 
Bouygues SA
 
116,391
6,556,283
Eiffage SA
 
36,668
5,211,466
Vinci SA
 
246,059
34,741,777
 
 
 
46,509,526
Electrical Equipment - 0.1%
 
 
 
Legrand SA
 
135,571
20,610,758
Ground Transportation - 0.0%
 
 
 
Ayvens SA (c)(d)
 
177,554
2,381,201
Machinery - 0.0%
 
 
 
Alstom SA (b)(e)
 
184,402
3,416,221
Professional Services - 0.0%
 
 
 
Bureau Veritas SA
 
166,710
5,317,404
Trading Companies & Distributors - 0.0%
 
 
 
Rexel SA
 
116,259
4,804,856
Transportation Infrastructure - 0.0%
 
 
 
Aeroports de Paris SA (e)
 
16,675
2,305,530
Getlink SE Series A
 
128,063
2,729,050
 
 
 
5,034,580
TOTAL INDUSTRIALS
 
 
272,574,133
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Capgemini SE
 
81,038
9,632,236
Software - 0.0%
 
 
 
Dassault Systemes SE
 
355,411
8,268,642
TOTAL INFORMATION TECHNOLOGY
 
 
17,900,878
Materials - 0.3%
 
 
 
Chemicals - 0.3%
 
 
 
Air Liquide SA
 
258,571
50,940,694
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Covivio SA/France
 
28,449
1,735,435
Office REITs - 0.0%
 
 
 
Gecina SA
 
23,556
2,035,911
Retail REITs - 0.0%
 
 
 
Klepierre SA
 
112,528
5,104,824
Unibail-Rodamco-Westfield unit
 
56,544
6,865,951
 
 
 
11,970,775
TOTAL REAL ESTATE
 
 
15,742,121
Utilities - 0.2%
 
 
 
Multi-Utilities - 0.2%
 
 
 
Engie SA
 
736,655
22,962,367
Engie SA PF shares
 
202,100
6,299,685
Veolia Environnement SA
 
312,500
12,435,428
TOTAL UTILITIES
 
 
41,697,480
TOTAL FRANCE
 
 
950,612,845
GERMANY - 5.1%
 
 
 
Communication Services - 0.3%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Deutsche Telekom AG
 
1,814,393
55,993,994
Entertainment - 0.0%
 
 
 
CTS Eventim AG & Co KGaA
 
30,126
2,032,278
Interactive Media & Services - 0.0%
 
 
 
Scout24 SE (c)(d)
 
36,370
3,118,244
TOTAL COMMUNICATION SERVICES
 
 
61,144,516
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.0%
 
 
 
Continental AG
 
58,299
4,848,336
Automobiles - 0.2%
 
 
 
Bayerische Motoren Werke AG
 
174,210
11,912,793
Mercedes-Benz Group AG
 
381,312
20,617,230
 
 
 
32,530,023
Specialty Retail - 0.0%
 
 
 
Zalando SE (b)(c)(d)
 
110,107
3,588,169
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Adidas AG
 
85,663
15,849,637
TOTAL CONSUMER DISCRETIONARY
 
 
56,816,165
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA
 
47,891
3,924,202
Personal Care Products - 0.0%
 
 
 
Beiersdorf AG (e)
 
48,286
4,485,339
TOTAL CONSUMER STAPLES
 
 
8,409,541
Financials - 1.2%
 
 
 
Banks - 0.1%
 
 
 
Commerzbank AG
 
342,936
14,896,852
Capital Markets - 0.3%
 
 
 
Deutsche Bank AG
 
959,145
35,254,963
Deutsche Boerse AG
 
95,970
28,907,818
 
 
 
64,162,781
Insurance - 0.8%
 
 
 
Allianz SE
 
200,800
100,018,969
Hannover Rueck SE
 
31,862
9,207,461
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
 
69,033
41,468,133
Talanx AG
 
31,479
4,185,391
 
 
 
154,879,954
TOTAL FINANCIALS
 
 
233,939,587
Health Care - 0.3%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Siemens Healthineers AG (c)(d)
 
177,070
7,540,454
Health Care Providers & Services - 0.1%
 
 
 
Fresenius Medical Care AG
 
101,284
5,198,086
Fresenius SE & Co KGaA
 
223,648
11,494,894
 
 
 
16,692,980
Pharmaceuticals - 0.2%
 
 
 
Bayer AG
 
519,213
28,814,132
Merck KGaA
 
68,289
11,286,003
 
 
 
40,100,135
TOTAL HEALTH CARE
 
 
64,333,569
Industrials - 1.7%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Hensoldt AG (e)
 
32,036
2,942,792
MTU Aero Engines AG
 
28,528
11,902,157
Rheinmetall AG
 
24,620
32,546,389
 
 
 
47,391,338
Air Freight & Logistics - 0.2%
 
 
 
Deutsche Post AG
 
485,327
32,420,717
Construction & Engineering - 0.0%
 
 
 
HOCHTIEF AG
 
7,796
3,984,349
Electrical Equipment - 0.4%
 
 
 
Siemens Energy AG
 
409,705
69,995,257
Industrial Conglomerates - 0.8%
 
 
 
Siemens AG
 
392,450
128,584,899
Machinery - 0.1%
 
 
 
Daimler Truck Holding AG
 
243,152
13,722,322
Gea Group Ag
 
77,294
5,494,962
Knorr-Bremse AG
 
34,341
4,074,873
Rational AG
 
2,698
2,096,948
 
 
 
25,389,105
Passenger Airlines - 0.0%
 
 
 
Deutsche Lufthansa AG
 
316,709
3,323,238
Trading Companies & Distributors - 0.0%
 
 
 
Brenntag SE
 
61,215
4,315,877
TOTAL INDUSTRIALS
 
 
315,404,780
Information Technology - 0.8%
 
 
 
Semiconductors & Semiconductor Equipment - 0.3%
 
 
 
Infineon Technologies AG
 
690,665
49,564,600
Software - 0.5%
 
 
 
Nemetschek SE
 
30,497
2,041,480
SAP SE
 
551,910
101,162,441
 
 
 
103,203,921
TOTAL INFORMATION TECHNOLOGY
 
 
152,768,521
Materials - 0.3%
 
 
 
Chemicals - 0.2%
 
 
 
BASF SE
 
471,961
27,399,050
Evonik Industries AG
 
135,202
2,734,630
Symrise AG
 
70,525
7,246,138
 
 
 
37,379,818
Construction Materials - 0.1%
 
 
 
Heidelberg Materials AG
 
69,951
13,022,430
TOTAL MATERIALS
 
 
50,402,248
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Vonovia SE
 
382,429
9,277,977
Utilities - 0.2%
 
 
 
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
RWE AG
 
339,631
22,394,289
Multi-Utilities - 0.1%
 
 
 
E.ON SE
 
1,184,833
25,525,184
TOTAL UTILITIES
 
 
47,919,473
TOTAL GERMANY
 
 
1,000,416,377
GREECE - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Hellenic Telecommunications Organization SA
 
73,189
1,689,646
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Allwyn AG
 
85,795
1,326,113
Specialty Retail - 0.0%
 
 
 
FF Group (b)(f)
 
5,453
0
JUMBO SA
 
60,566
1,690,169
 
 
 
1,690,169
TOTAL CONSUMER DISCRETIONARY
 
 
3,016,282
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Alpha Bank SA
 
870,376
4,281,674
Eurobank SA
 
1,283,145
6,584,481
National Bank of Greece SA
 
439,374
8,157,292
Piraeus Bank SA
 
556,784
6,420,555
TOTAL FINANCIALS
 
 
25,444,002
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
GEK TERNA SA
 
38,867
2,026,737
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Public Power Corp SA
 
140,000
3,600,134
TOTAL GREECE
 
 
35,776,801
GUATEMALA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Millicom International Cellular SA (e)
 
49,336
4,710,601
HONG KONG - 1.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
HKT Trust & HKT Ltd unit
 
1,780,557
3,012,852
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
WH Group Ltd (c)(d)
 
4,102,946
4,420,827
Financials - 0.6%
 
 
 
Capital Markets - 0.2%
 
 
 
Futu Holdings Ltd Class A ADR
 
25,511
2,681,716
Hong Kong Exchanges & Clearing Ltd
 
637,902
33,236,513
 
 
 
35,918,229
Insurance - 0.4%
 
 
 
AIA Group Ltd
 
5,555,295
56,002,364
Prudential PLC
 
1,334,793
20,060,004
 
 
 
76,062,368
TOTAL FINANCIALS
 
 
111,980,597
Industrials - 0.1%
 
 
 
Ground Transportation - 0.0%
 
 
 
MTR Corp Ltd (e)
 
817,318
3,451,695
Industrial Conglomerates - 0.0%
 
 
 
Swire Pacific Ltd A Shares
 
186,004
2,359,915
Machinery - 0.1%
 
 
 
Techtronic Industries Co Ltd
 
727,347
12,242,401
Marine Transportation - 0.0%
 
 
 
Orient Overseas International Ltd (e)
 
69,000
1,347,024
TOTAL INDUSTRIALS
 
 
19,401,035
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Kingboard Laminates Holdings Ltd
 
529,500
1,986,368
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Zijin Gold International Co Ltd
 
180,500
2,720,481
Real Estate - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
CK Asset Holdings Ltd
 
932,971
5,691,285
Henderson Land Development Co Ltd (e)
 
693,059
2,509,802
Hongkong Land Holdings Ltd (Singapore)
 
516,667
4,189,521
Sino Land Co Ltd (e)
 
1,980,613
2,702,305
Sun Hung Kai Properties Ltd
 
691,562
10,853,963
Wharf Real Estate Investment Co Ltd
 
790,654
2,679,739
 
 
 
28,626,615
Retail REITs - 0.0%
 
 
 
Link REIT
 
1,424,217
7,104,377
TOTAL REAL ESTATE
 
 
35,730,992
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
CK Infrastructure Holdings Ltd
 
321,136
2,563,388
CLP Holdings Ltd
 
870,108
8,650,914
Power Assets Holdings Ltd (e)
 
736,854
5,548,203
 
 
 
16,762,505
Gas Utilities - 0.0%
 
 
 
Hong Kong & China Gas Co Ltd
 
5,970,468
5,351,983
TOTAL UTILITIES
 
 
22,114,488
TOTAL HONG KONG
 
 
201,367,640
HUNGARY - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
MOL Hungarian Oil & Gas PLC Class A (b)
 
191,245
2,738,165
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
OTP Bank Nyrt
 
114,565
16,953,319
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Richter Gedeon Nyrt
 
71,130
2,652,810
TOTAL HUNGARY
 
 
22,344,294
INDIA - 3.7%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Indus Towers Ltd (b)
 
663,879
2,722,902
Tata Communications Ltd
 
59,024
1,086,622
 
 
 
3,809,524
Interactive Media & Services - 0.0%
 
 
 
Info Edge India Ltd
 
184,101
2,365,315
Wireless Telecommunication Services - 0.2%
 
 
 
Bharti Airtel Ltd
 
1,449,989
29,963,648
Vodafone Idea Ltd (b)
 
13,938,642
1,901,122
 
 
 
31,864,770
TOTAL COMMUNICATION SERVICES
 
 
38,039,609
Consumer Discretionary - 0.5%
 
 
 
Automobile Components - 0.1%
 
 
 
Balkrishna Industries Ltd
 
40,398
1,047,464
Bharat Forge Ltd
 
126,331
2,910,998
Bosch Ltd (b)
 
3,693
1,590,319
MRF Ltd
 
1,187
1,651,731
Samvardhana Motherson International Ltd
 
2,223,055
3,512,018
Tube Investments of India Ltd
 
53,966
1,557,018
 
 
 
12,269,548
Automobiles - 0.3%
 
 
 
Bajaj Auto Ltd
 
35,678
4,307,836
Eicher Motors Ltd
 
72,012
5,909,930
Hero MotoCorp Ltd
 
63,450
3,582,716
Mahindra & Mahindra Ltd
 
460,968
16,418,282
Maruti Suzuki India Ltd
 
62,528
9,326,922
Tata Motors Passenger Vehicles Limited
 
957,185
3,408,048
TVS Motor Co Ltd
 
123,866
5,597,633
 
 
 
48,551,367
Broadline Retail - 0.0%
 
 
 
Vishal Mega Mart Ltd (b)
 
1,208,052
1,356,331
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Eternal Ltd (b)
 
1,268,240
4,020,280
Indian Hotels Co Ltd/The
 
453,182
3,508,935
Swiggy Ltd (b)
 
747,224
2,230,896
 
 
 
9,760,111
Household Durables - 0.0%
 
 
 
Dixon Technologies India Ltd (c)
 
19,595
2,884,563
Specialty Retail - 0.0%
 
 
 
FSN E-Commerce Ventures Ltd (b)
 
643,027
2,248,268
Trent Ltd
 
140,076
4,412,564
 
 
 
6,660,832
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Page Industries Ltd
 
3,412
1,443,635
Titan Co Ltd
 
187,844
9,592,913
 
 
 
11,036,548
TOTAL CONSUMER DISCRETIONARY
 
 
92,519,300
Consumer Staples - 0.2%
 
 
 
Beverages - 0.0%
 
 
 
United Spirits Ltd
 
157,421
2,501,874
Varun Beverages Ltd
 
658,967
3,054,397
 
 
 
5,556,271
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Avenue Supermarts Ltd (b)(c)(d)
 
76,162
3,132,604
Food Products - 0.1%
 
 
 
Britannia Industries Ltd
 
57,400
3,258,348
Marico Ltd
 
268,318
2,448,389
Nestle India Ltd
 
308,073
4,873,319
Tata Consumer Products Ltd
 
283,040
3,212,445
 
 
 
13,792,501
Personal Care Products - 0.1%
 
 
 
Colgate-Palmolive India Ltd
 
63,304
1,377,669
Dabur India Ltd
 
232,266
1,026,069
Godrej Consumer Products Ltd
 
200,810
2,252,841
Hindustan Unilever Ltd
 
375,477
8,267,453
 
 
 
12,924,032
Tobacco - 0.0%
 
 
 
ITC Ltd
 
1,576,444
4,642,203
TOTAL CONSUMER STAPLES
 
 
40,047,611
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
Bharat Petroleum Corp Ltd
 
843,114
2,818,406
Coal India Ltd
 
820,226
3,561,917
Hindustan Petroleum Corp Ltd
 
512,250
2,085,130
Indian Oil Corp Ltd
 
1,480,862
2,171,382
Oil & Natural Gas Corp Ltd
 
1,374,730
3,503,229
Oil India Ltd
 
212,081
1,022,145
Petronet LNG Ltd
 
381,066
1,121,061
Reliance Industries Ltd
 
3,218,818
44,081,856
TOTAL ENERGY
 
 
60,365,126
Financials - 1.1%
 
 
 
Banks - 0.7%
 
 
 
AU Small Finance Bank Ltd (c)(d)
 
291,663
3,201,874
Axis Bank Ltd
 
1,218,357
15,693,295
Bank of Baroda
 
531,374
1,350,981
Canara Bank
 
961,637
1,259,117
Federal Bank Ltd
 
948,125
3,565,405
HDFC Bank Ltd/Gift City
 
6,023,107
47,184,191
ICICI Bank Ltd
 
2,801,772
42,119,309
IDFC First Bank Ltd (b)
 
2,195,478
1,948,299
Indian Bank
 
140,210
1,228,627
IndusInd Bank Ltd
 
304,448
3,229,512
Kotak Mahindra Bank Ltd
 
2,902,649
11,869,021
Punjab National Bank
 
1,220,741
1,441,601
State Bank of India
 
976,828
10,515,798
Union Bank of India Ltd
 
785,051
1,409,025
Yes Bank Ltd (b)
 
7,797,600
1,860,393
 
 
 
147,876,448
Capital Markets - 0.0%
 
 
 
BSE Ltd
 
106,639
4,074,237
HDFC Asset Management Co Ltd (c)(d)
 
101,657
2,785,835
Multi Commodity Exchange of India Ltd
 
65,091
1,836,673
 
 
 
8,696,745
Consumer Finance - 0.2%
 
 
 
Bajaj Finance Ltd
 
1,320,003
15,783,858
Cholamandalam Investment and Finance Co Ltd
 
229,112
4,441,070
L&T Finance Ltd
 
446,987
1,458,034
Muthoot Finance Ltd
 
57,149
1,867,658
SBI Cards & Payment Services Ltd
 
121,886
842,842
Shriram Finance Ltd
 
740,343
8,116,391
Sundaram Finance Ltd
 
34,479
1,685,575
 
 
 
34,195,428
Financial Services - 0.1%
 
 
 
Aditya Birla Capital Ltd (b)
 
400,194
1,695,521
Bajaj Finserv Ltd
 
207,645
4,414,595
Bajaj Holdings & Investment Ltd
 
13,775
1,637,627
Jio Financial Services Ltd
 
1,487,285
3,997,964
One 97 Communications Ltd (b)
 
203,064
2,857,887
Power Finance Corp Ltd
 
683,816
3,040,468
REC Ltd
 
644,140
2,517,379
 
 
 
20,161,441
Insurance - 0.1%
 
 
 
HDFC Life Insurance Co Ltd (c)(d)
 
511,102
2,937,399
ICICI Lombard General Insurance Co Ltd (c)(d)
 
129,010
2,195,877
ICICI Prudential Life Insurance Co Ltd (c)(d)
 
180,458
974,577
PB Fintech Ltd (b)
 
180,042
3,023,292
SBI Life Insurance Co Ltd (c)(d)
 
236,819
4,669,801
 
 
 
13,800,946
TOTAL FINANCIALS
 
 
224,731,008
Health Care - 0.2%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Apollo Hospitals Enterprise Ltd
 
53,741
5,043,160
Fortis Healthcare Ltd
 
254,416
2,521,254
Max Healthcare Institute Ltd
 
377,953
4,351,215
 
 
 
11,915,629
Life Sciences Tools & Services - 0.0%
 
 
 
Divi's Laboratories Ltd
 
63,585
5,369,146
Pharmaceuticals - 0.2%
 
 
 
Alkem Laboratories Ltd
 
21,884
1,319,258
Aurobindo Pharma Ltd
 
141,032
2,335,158
Cipla Ltd/India
 
270,586
4,177,128
Dr Reddy's Laboratories Ltd
 
268,634
3,223,840
Lupin Ltd
 
119,093
3,015,094
Mankind Pharma Ltd
 
53,774
1,391,868
Sun Pharmaceutical Industries Ltd
 
476,835
9,944,769
Torrent Pharmaceuticals Ltd
 
74,586
4,006,841
Zydus Lifesciences Ltd
 
101,021
1,193,024
 
 
 
30,606,980
TOTAL HEALTH CARE
 
 
47,891,755
Industrials - 0.4%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Bharat Electronics Ltd
 
1,841,548
7,486,782
Hindustan Aeronautics Ltd (c)
 
88,768
4,325,081
 
 
 
11,811,863
Building Products - 0.0%
 
 
 
Astral Ltd
 
53,084
805,681
Supreme Industries Ltd
 
33,600
1,220,523
 
 
 
2,026,204
Construction & Engineering - 0.1%
 
 
 
Larsen & Toubro Ltd
 
356,936
14,726,006
Voltas Ltd
 
103,618
1,443,594
 
 
 
16,169,600
Electrical Equipment - 0.1%
 
 
 
ABB India Ltd
 
23,780
1,814,642
Bharat Heavy Electricals Ltd
 
657,630
2,804,283
CG Power & Industrial Solutions Ltd
 
328,109
2,969,114
GE Vernova T&D India Ltd
 
68,525
3,103,655
Havells India Ltd
 
109,230
1,443,427
Hitachi Energy India Ltd
 
6,368
2,146,757
Polycab India Ltd
 
27,804
2,652,919
Siemens Energy India Ltd
 
45,153
1,529,035
Suzlon Energy Ltd (b)
 
5,629,672
2,829,607
 
 
 
21,293,439
Industrial Conglomerates - 0.0%
 
 
 
Siemens Ltd
 
40,895
1,611,216
Machinery - 0.1%
 
 
 
Ashok Leyland Ltd
 
1,484,068
2,584,171
Cummins India Ltd
 
70,364
4,070,599
Tata Motors Ltd /new
 
982,162
4,494,003
 
 
 
11,148,773
Passenger Airlines - 0.0%
 
 
 
InterGlobe Aviation Ltd (c)(d)
 
101,301
5,486,747
Trading Companies & Distributors - 0.0%
 
 
 
Adani Enterprises Ltd
 
94,032
2,965,371
Transportation Infrastructure - 0.0%
 
 
 
Adani Ports & Special Economic Zone Ltd
 
271,801
4,830,224
GMR Airports Ltd (b)
 
1,395,647
1,539,427
 
 
 
6,369,651
TOTAL INDUSTRIALS
 
 
78,882,864
Information Technology - 0.3%
 
 
 
IT Services - 0.3%
 
 
 
HCL Technologies Ltd
 
461,629
6,529,390
Infosys Ltd
 
1,609,901
19,129,110
LTM Ltd (c)(d)
 
33,114
1,516,365
Mphasis Ltd
 
62,957
1,549,633
Persistent Systems Ltd
 
53,235
3,099,152
Tata Consultancy Services Ltd
 
431,053
10,697,039
Tech Mahindra Ltd
 
282,742
4,910,632
Wipro Ltd
 
1,207,670
2,329,995
 
 
 
49,761,316
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
WAAREE Energies Ltd
 
44,508
1,248,731
Software - 0.0%
 
 
 
Oracle Financial Services Software Ltd
 
11,462
1,344,415
TOTAL INFORMATION TECHNOLOGY
 
 
52,354,462
Materials - 0.3%
 
 
 
Chemicals - 0.1%
 
 
 
Asian Paints Ltd
 
201,486
5,797,290
Coromandel International Ltd
 
63,332
1,376,634
PI Industries Ltd
 
37,893
1,092,739
Pidilite Industries Ltd
 
147,237
2,486,934
Solar Industries India Ltd
 
11,789
2,273,024
SRF Ltd
 
69,978
1,923,220
UPL Ltd
 
259,986
1,646,926
 
 
 
16,596,767
Construction Materials - 0.0%
 
 
 
Ambuja Cements Ltd
 
308,151
1,395,058
Grasim Industries Ltd
 
144,344
4,689,607
Shree Cement Ltd
 
4,507
1,230,870
UltraTech Cement Ltd
 
54,770
6,832,027
 
 
 
14,147,562
Metals & Mining - 0.2%
 
 
 
APL Apollo Tubes Ltd
 
95,249
1,816,359
Hindalco Industries Ltd
 
685,109
7,022,057
Jindal Stainless Ltd
 
150,918
1,162,423
Jindal Steel Ltd
 
187,506
2,168,822
JSW Steel Ltd
 
319,891
4,259,112
National Aluminium Co Ltd
 
431,010
1,586,129
NMDC Ltd
 
1,581,655
1,410,978
Tata Steel Ltd
 
3,974,141
7,909,390
Vedanta Aluminium Metal Ltd
 
736,277
3,474,235
Vedanta Ltd
 
720,134
1,999,775
 
 
 
32,809,280
TOTAL MATERIALS
 
 
63,553,609
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
DLF Ltd
 
324,879
2,244,603
Godrej Properties Ltd
 
71,382
1,575,576
Lodha Developers Ltd (c)(d)
 
148,922
1,941,710
Oberoi Realty Ltd
 
64,648
1,238,163
Phoenix Mills Ltd/The
 
98,479
1,954,986
Prestige Estates Projects Ltd
 
92,667
1,569,854
TOTAL REAL ESTATE
 
 
10,524,892
Utilities - 0.1%
 
 
 
Electric Utilities - 0.0%
 
 
 
Power Grid Corp of India Ltd
 
2,191,425
6,525,104
Tata Power Co Ltd/The
 
788,101
3,145,097
Torrent Power Ltd
 
89,669
1,327,276
 
 
 
10,997,477
Gas Utilities - 0.0%
 
 
 
GAIL India Ltd
 
1,212,893
2,304,947
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Adani Power Ltd (b)
 
1,633,996
3,616,301
JSW Energy Ltd
 
197,282
1,146,973
NHPC Ltd
 
1,707,218
1,408,888
NTPC Ltd
 
2,306,693
8,390,738
 
 
 
14,562,900
TOTAL UTILITIES
 
 
27,865,324
TOTAL INDIA
 
 
736,775,560
INDONESIA - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telkom Indonesia Persero Tbk PT
 
23,988,100
3,502,042
Media - 0.0%
 
 
 
Surya Citra Media Tbk PT
 
20
0
TOTAL COMMUNICATION SERVICES
 
 
3,502,042
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
GoTo Gojek Tokopedia Tbk PT Class A (b)
 
454,629,712
1,264,734
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Charoen Pokphand Indonesia Tbk PT
 
3,198,500
585,704
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
United Tractors Tbk PT
 
627,300
837,135
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Bank Central Asia Tbk PT
 
26,270,100
9,207,014
Bank Mandiri Persero Tbk PT
 
19,664,800
4,575,409
Bank Negara Indonesia Persero Tbk PT
 
6,738,300
1,319,427
Bank Rakyat Indonesia Persero Tbk PT
 
31,908,654
5,366,268
TOTAL FINANCIALS
 
 
20,468,118
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Astra International Tbk PT
 
8,379,000
2,380,308
Jardine Matheson Holdings Ltd (Singapore)
 
84,419
5,606,685
TOTAL INDUSTRIALS
 
 
7,986,993
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Barito Pacific Tbk PT
 
9,980,147
1,015,315
Metals & Mining - 0.0%
 
 
 
Bumi Resources Minerals Tbk PT (b)
 
29,079,900
900,926
TOTAL MATERIALS
 
 
1,916,241
TOTAL INDONESIA
 
 
36,560,967
IRELAND - 0.3%
 
 
 
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Kerry Group PLC Class A
 
84,718
8,088,943
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
AIB Group PLC
 
1,120,532
13,250,911
Bank of Ireland Group PLC
 
503,685
10,507,113
TOTAL FINANCIALS
 
 
23,758,024
Industrials - 0.1%
 
 
 
Building Products - 0.0%
 
 
 
Kingspan Group PLC
 
81,365
7,529,541
Trading Companies & Distributors - 0.1%
 
 
 
AerCap Holdings NV
 
85,259
12,865,583
TOTAL INDUSTRIALS
 
 
20,395,124
TOTAL IRELAND
 
 
52,242,091
ISRAEL - 0.7%
 
 
 
Financials - 0.4%
 
 
 
Banks - 0.3%
 
 
 
Bank Hapoalim BM
 
693,909
16,874,941
Bank Leumi Le-Israel BM
 
782,761
18,538,874
Israel Discount Bank Ltd Class A
 
642,241
6,715,532
Mizrahi Tefahot Bank Ltd
 
81,979
6,107,187
 
 
 
48,236,534
Insurance - 0.1%
 
 
 
Harel Insurance Investments & Financial Services Ltd
 
63,080
3,626,094
Phoenix Financial Ltd
 
119,361
6,716,863
 
 
 
10,342,957
TOTAL FINANCIALS
 
 
58,579,491
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Teva Pharmaceutical Industries Ltd ADR (b)
 
615,919
21,563,324
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Elbit Systems Ltd
 
14,778
11,902,660
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Nova Ltd (Israel) (b)
 
16,013
6,419,869
Tower Semiconductor Ltd (b)
 
59,156
13,102,769
 
 
 
19,522,638
Software - 0.0%
 
 
 
Check Point Software Technologies Ltd (b)
 
41,518
5,278,183
TOTAL INFORMATION TECHNOLOGY
 
 
24,800,821
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
ICL Group Ltd
 
368,416
1,886,377
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Azrieli Group Ltd
 
23,497
3,111,152
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Enlight Renewable Energy Ltd (b)
 
73,617
6,262,202
OPC Energy Ltd (b)
 
90,702
2,846,734
TOTAL UTILITIES
 
 
9,108,936
TOTAL ISRAEL
 
 
130,952,761
ITALY - 2.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telecom Italia SpA/Milano (b)
 
903,504
7,660,912
Consumer Discretionary - 0.2%
 
 
 
Automobiles - 0.2%
 
 
 
Ferrari NV (Italy)
 
64,064
25,125,024
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Moncler SpA
 
116,506
6,596,531
TOTAL CONSUMER DISCRETIONARY
 
 
31,721,555
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Coca-Cola HBC AG
 
105,278
7,108,610
Davide Campari-Milano NV
 
310,289
2,109,646
TOTAL CONSUMER STAPLES
 
 
9,218,256
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Eni SpA
 
960,390
26,714,869
Financials - 1.2%
 
 
 
Banks - 1.0%
 
 
 
Banca Monte dei Paschi di Siena SpA
 
1,003,513
13,386,501
Banco BPM SpA
 
601,055
10,933,756
BPER Banca SPA
 
827,940
13,433,178
FinecoBank Banca Fineco SpA
 
325,355
8,888,088
Intesa Sanpaolo SpA
 
7,357,700
55,619,154
UniCredit SpA
 
717,100
67,631,039
 
 
 
169,891,716
Financial Services - 0.1%
 
 
 
Banca Mediolanum SpA
 
107,224
2,864,863
Poste Italiane SpA
 
241,761
7,306,999
 
 
 
10,171,862
Insurance - 0.1%
 
 
 
Generali
 
429,244
21,753,676
Unipol Assicurazioni SpA
 
187,858
5,864,132
 
 
 
27,617,808
TOTAL FINANCIALS
 
 
207,681,386
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Recordati Industria Chimica e Farmaceutica SpA
 
55,137
3,283,971
Industrials - 0.2%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Leonardo SpA
 
214,130
13,610,451
Electrical Equipment - 0.1%
 
 
 
Prysmian SpA
 
149,118
20,577,290
Passenger Airlines - 0.0%
 
 
 
Ryanair Holdings PLC
 
221,255
6,204,322
TOTAL INDUSTRIALS
 
 
40,392,063
Utilities - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
Enel SpA
 
4,025,942
45,466,597
Terna - Rete Elettrica Nazionale
 
744,683
8,563,268
 
 
 
54,029,865
Gas Utilities - 0.0%
 
 
 
Italgas SpA
 
325,234
3,355,140
Snam SpA
 
1,064,771
7,229,526
 
 
 
10,584,666
TOTAL UTILITIES
 
 
64,614,531
TOTAL ITALY
 
 
391,287,543
JAPAN - 13.7%
 
 
 
Communication Services - 0.9%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
NTT Inc (e)
 
15,891,325
15,232,055
Entertainment - 0.2%
 
 
 
Capcom Co Ltd
 
138,348
3,475,352
Konami Group Corp
 
51,292
6,607,411
Nexon Co Ltd
 
154,179
2,416,364
Nintendo Co Ltd
 
578,610
27,600,954
Toho Co Ltd/Tokyo
 
277,965
2,669,228
 
 
 
42,769,309
Interactive Media & Services - 0.0%
 
 
 
LY Corp
 
1,370,296
3,817,980
Wireless Telecommunication Services - 0.6%
 
 
 
KDDI Corp
 
1,548,274
28,524,963
SoftBank Corp
 
15,178,190
21,303,772
SoftBank Group Corp
 
1,962,068
61,113,529
 
 
 
110,942,264
TOTAL COMMUNICATION SERVICES
 
 
172,761,608
Consumer Discretionary - 2.1%
 
 
 
Automobile Components - 0.2%
 
 
 
Aisin Corp
 
241,886
3,334,812
Bridgestone Corp
 
561,440
13,865,005
Denso Corp
 
844,500
10,369,534
Sumitomo Electric Industries Ltd
 
1,510,928
19,997,280
 
 
 
47,566,631
Automobiles - 0.7%
 
 
 
Honda Motor Co Ltd
 
1,915,027
19,302,749
Isuzu Motors Ltd
 
269,845
4,025,967
Nissan Motor Co Ltd (b)
 
1,199,771
2,533,048
Subaru Corp
 
275,805
4,694,875
Suzuki Motor Corp
 
830,556
10,841,705
Toyota Motor Corp
 
5,003,765
94,694,664
Yamaha Motor Co Ltd (e)
 
472,734
3,954,366
 
 
 
140,047,374
Broadline Retail - 0.1%
 
 
 
Pan Pacific International Holdings Corp
 
1,009,740
5,656,991
Rakuten Group Inc (b)
 
752,850
3,925,474
Ryohin Keikaku Co Ltd
 
267,900
7,027,094
 
 
 
16,609,559
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Oriental Land Co Ltd/Japan
 
571,385
11,404,648
Zensho Holdings Co Ltd
 
48,700
3,040,903
 
 
 
14,445,551
Household Durables - 0.6%
 
 
 
Panasonic Holdings Corp
 
1,232,080
32,579,235
Sekisui House Ltd
 
313,308
6,859,028
Sony Group Corp
 
3,086,710
72,132,936
 
 
 
111,571,199
Leisure Products - 0.1%
 
 
 
Bandai Namco Holdings Inc
 
267,494
7,749,095
Shimano Inc
 
38,074
4,806,089
 
 
 
12,555,184
Specialty Retail - 0.3%
 
 
 
Fast Retailing Co Ltd
 
100,874
49,394,898
Nitori Holdings Co Ltd
 
202,100
3,260,480
Sanrio Co Ltd
 
509,300
4,086,684
 
 
 
56,742,062
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Asics Corp
 
359,239
10,591,962
TOTAL CONSUMER DISCRETIONARY
 
 
410,129,522
Consumer Staples - 0.5%
 
 
 
Beverages - 0.1%
 
 
 
Asahi Group Holdings Ltd
 
745,047
7,775,460
Kirin Holdings Co Ltd
 
409,708
7,579,498
Suntory Beverage & Food Ltd
 
63,937
1,853,665
 
 
 
17,208,623
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Aeon Co Ltd
 
1,142,426
9,801,694
Seven & i Holdings Co Ltd
 
997,720
13,229,890
 
 
 
23,031,584
Food Products - 0.1%
 
 
 
Ajinomoto Co Inc
 
452,522
13,955,049
Kikkoman Corp
 
356,665
3,673,281
 
 
 
17,628,330
Household Products - 0.0%
 
 
 
Unicharm Corp
 
568,291
3,604,645
Personal Care Products - 0.1%
 
 
 
Kao Corp
 
481,210
9,891,791
Shiseido Co Ltd
 
209,794
4,144,196
 
 
 
14,035,987
Tobacco - 0.1%
 
 
 
Japan Tobacco Inc
 
580,381
25,877,384
TOTAL CONSUMER STAPLES
 
 
101,386,553
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
ENEOS Holdings Inc
 
1,359,605
11,228,341
Idemitsu Kosan Co Ltd
 
411,325
3,367,324
Inpex Corp
 
466,106
10,743,122
TOTAL ENERGY
 
 
25,338,787
Financials - 2.7%
 
 
 
Banks - 1.7%
 
 
 
Chiba Bank Ltd/The
 
284,632
4,626,710
Japan Post Bank Co Ltd
 
944,466
18,261,378
Mitsubishi UFJ Financial Group Inc
 
5,642,157
126,026,029
Mizuho Financial Group Inc
 
1,249,814
64,795,608
Resona Holdings Inc
 
1,097,943
14,888,998
Sumitomo Mitsui Financial Group Inc
 
1,920,655
82,528,504
Sumitomo Mitsui Trust Group Inc
 
1,329,816
13,674,075
Yokohama Financial Group Inc
 
509,115
5,795,158
 
 
 
330,596,460
Capital Markets - 0.2%
 
 
 
Daiwa Securities Group Inc
 
662,644
7,412,764
Japan Exchange Group Inc
 
505,816
6,880,669
Nomura Holdings Inc
 
1,549,506
14,990,690
SBI Holdings Inc
 
276,428
5,218,487
 
 
 
34,502,610
Financial Services - 0.1%
 
 
 
Mitsubishi HC Capital Inc
 
462,499
4,258,323
ORIX Corp
 
579,196
23,375,977
 
 
 
27,634,300
Insurance - 0.7%
 
 
 
Daiichi Life Group Inc
 
1,817,660
21,916,198
Japan Post Holdings Co Ltd
 
889,230
13,155,590
Japan Post Insurance Co Ltd
 
280,748
3,091,347
MS&AD Insurance Group Holdings Inc
 
630,811
19,418,615
Sompo Holdings Inc
 
431,937
19,176,550
T&D Holdings Inc
 
233,027
7,344,040
Tokio Marine Holdings Inc
 
945,263
48,176,653
 
 
 
132,278,993
TOTAL FINANCIALS
 
 
525,012,363
Health Care - 0.7%
 
 
 
Health Care Equipment & Supplies - 0.2%
 
 
 
Hoya Corp
 
178,770
27,336,977
Olympus Corp
 
560,048
6,401,004
Terumo Corp
 
704,170
10,330,100
 
 
 
44,068,081
Pharmaceuticals - 0.5%
 
 
 
Astellas Pharma Inc
 
908,730
12,481,230
Chugai Pharmaceutical Co Ltd
 
355,060
15,406,534
Daiichi Sankyo Co Ltd
 
901,673
14,572,424
Eisai Co Ltd
 
134,148
4,032,872
Kyowa Kirin Co Ltd
 
125,863
2,020,420
Otsuka Holdings Co Ltd
 
222,385
15,420,051
Shionogi & Co Ltd
 
400,280
7,237,579
Takeda Pharmaceutical Co Ltd
 
839,946
28,840,086
 
 
 
100,011,196
TOTAL HEALTH CARE
 
 
144,079,277
Industrials - 3.4%
 
 
 
Building Products - 0.1%
 
 
 
AGC Inc
 
101,073
3,811,768
Daikin Industries Ltd
 
139,346
20,184,947
 
 
 
23,996,715
Commercial Services & Supplies - 0.1%
 
 
 
Dai Nippon Printing Co Ltd
 
192,776
3,495,458
Secom Co Ltd
 
209,812
9,037,876
TOPPAN Holdings Inc
 
117,358
3,290,819
 
 
 
15,824,153
Construction & Engineering - 0.1%
 
 
 
Kajima Corp
 
210,044
7,018,463
Obayashi Corp
 
329,943
6,484,800
Shimizu Corp
 
256,700
3,781,403
Taisei Corp
 
75,687
6,130,834
 
 
 
23,415,500
Electrical Equipment - 0.4%
 
 
 
Fuji Electric Co Ltd
 
72,325
6,311,753
Fujikura Ltd
 
797,700
20,242,721
Furukawa Electric Co Ltd
 
346,100
6,604,255
Mitsubishi Electric Corp
 
1,005,696
36,228,310
NIDEC CORP (b)
 
443,282
7,118,154
 
 
 
76,505,193
Ground Transportation - 0.2%
 
 
 
Central Japan Railway Co
 
396,710
9,872,070
East Japan Railway Co
 
510,085
11,736,313
Hankyu Hanshin Holdings Inc
 
120,621
3,568,925
Seibu Holdings Inc
 
105,600
2,364,898
West Japan Railway Co
 
214,918
4,055,464
 
 
 
31,597,670
Industrial Conglomerates - 0.4%
 
 
 
Hikari Tsushin Inc
 
9,222
2,254,934
Hitachi Ltd
 
2,336,480
76,567,747
 
 
 
78,822,681
Machinery - 0.7%
 
 
 
Daifuku Co Ltd
 
166,403
6,129,657
Ebara Corp
 
242,500
8,232,294
FANUC Corp
 
493,750
19,895,903
IHI Corp
 
516,700
9,034,477
Kawasaki Heavy Industries Ltd
 
390,200
6,666,434
Komatsu Ltd
 
454,963
19,740,963
Kubota Corp
 
511,925
8,685,062
Makita Corp
 
114,020
3,672,630
MINEBEA MITSUMI Inc
 
176,060
4,009,613
Mitsubishi Heavy Industries Ltd
 
1,694,410
39,585,379
SMC Corp
 
28,757
12,424,759
 
 
 
138,077,171
Marine Transportation - 0.1%
 
 
 
Kawasaki Kisen Kaisha Ltd
 
184,100
3,280,447
Mitsui OSK Lines Ltd
 
178,100
6,579,361
Nippon Yusen KK
 
205,953
7,908,082
 
 
 
17,767,890
Passenger Airlines - 0.0%
 
 
 
ANA Holdings Inc (e)
 
86,156
1,682,780
Professional Services - 0.3%
 
 
 
Recruit Holdings Co Ltd
 
700,336
55,383,147
Trading Companies & Distributors - 1.0%
 
 
 
ITOCHU Corp
 
2,925,210
36,710,250
Marubeni Corp
 
745,729
24,102,472
Mitsubishi Corp
 
1,596,342
47,719,101
Mitsui & Co Ltd
 
1,248,308
38,303,439
Sumitomo Corp
 
2,146,644
22,282,088
Toyota Tsusho Corp
 
336,733
13,976,220
 
 
 
183,093,570
TOTAL INDUSTRIALS
 
 
646,166,470
Information Technology - 2.4%
 
 
 
Electronic Equipment, Instruments & Components - 0.7%
 
 
 
Ibiden Co Ltd
 
123,000
12,305,270
Keyence Corp
 
99,620
49,968,099
Kyocera Corp
 
619,268
14,123,519
Murata Manufacturing Co Ltd
 
856,298
39,016,670
TDK Corp
 
1,002,720
19,280,769
Yokogawa Electric Corp
 
115,523
4,120,096
 
 
 
138,814,423
IT Services - 0.3%
 
 
 
Fujitsu Ltd
 
896,740
20,669,206
NEC Corp
 
648,980
19,286,822
Nomura Research Institute Ltd
 
199,924
5,914,462
Obic Co Ltd
 
169,545
4,863,154
Otsuka Corp
 
120,208
2,480,439
 
 
 
53,214,083
Semiconductors & Semiconductor Equipment - 1.3%
 
 
 
Advantest Corp
 
386,948
76,453,938
Disco Corp
 
45,987
16,437,336
Kioxia Holdings Corp (b)
 
166,000
46,270,249
Lasertec Corp
 
41,274
9,481,971
Renesas Electronics Corp
 
915,467
18,349,400
SCREEN Holdings Co Ltd
 
81,000
6,179,056
Tokyo Electron Ltd
 
236,844
79,185,783
 
 
 
252,357,733
Technology Hardware, Storage & Peripherals - 0.1%
 
 
 
Canon Inc
 
421,583
11,734,816
FUJIFILM Holdings Corp
 
590,959
13,910,964
 
 
 
25,645,780
TOTAL INFORMATION TECHNOLOGY
 
 
470,032,019
Materials - 0.5%
 
 
 
Chemicals - 0.4%
 
 
 
Asahi Kasei Corp
 
650,630
6,945,438
Mitsubishi Chemical Group Corp
 
632,262
4,652,722
Nippon Paint Holdings Co Ltd
 
496,510
3,746,632
Nippon Sanso Holdings Corp
 
92,047
3,309,021
Nitto Denko Corp
 
360,575
7,614,052
Resonac Holdings Corp
 
93,100
7,755,149
Shin-Etsu Chemical Co Ltd
 
865,745
30,863,929
Toray Industries Inc
 
681,853
4,897,924
 
 
 
69,784,867
Metals & Mining - 0.1%
 
 
 
JFE Holdings Inc
 
305,642
3,467,851
JX Advanced Metals Corp
 
290,200
6,723,409
Mitsui Kinzoku Co Ltd
 
28,900
5,441,094
Nippon Steel Corp
 
2,554,920
10,408,287
Sumitomo Metal Mining Co Ltd
 
125,628
6,314,746
 
 
 
32,355,387
TOTAL MATERIALS
 
 
102,140,254
Real Estate - 0.3%
 
 
 
Office REITs - 0.0%
 
 
 
Nippon Building Fund Inc
 
3,916
3,303,173
Real Estate Management & Development - 0.3%
 
 
 
Daito Trust Construction Co Ltd
 
147,625
3,116,079
Daiwa House Industry Co Ltd
 
296,459
8,705,982
Hulic Co Ltd
 
243,194
2,673,857
Mitsubishi Estate Co Ltd
 
547,167
13,283,674
Mitsui Fudosan Co Ltd
 
1,312,618
12,786,758
Sumitomo Realty & Development Co Ltd
 
309,816
6,944,320
 
 
 
47,510,670
TOTAL REAL ESTATE
 
 
50,813,843
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Chubu Electric Power Co Inc
 
351,444
6,085,280
Kansai Electric Power Co Inc/The
 
501,194
7,590,321
 
 
 
13,675,601
Gas Utilities - 0.0%
 
 
 
Osaka Gas Co Ltd
 
177,075
6,075,251
Tokyo Gas Co Ltd
 
155,362
5,997,729
 
 
 
12,072,980
TOTAL UTILITIES
 
 
25,748,581
TOTAL JAPAN
 
 
2,673,609,277
KOREA (SOUTH) - 5.9%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
LG Uplus Corp
 
54,755
554,714
Entertainment - 0.0%
 
 
 
HYBE Co Ltd (e)
 
12,516
1,447,607
Krafton Inc
 
14,980
2,501,265
 
 
 
3,948,872
Interactive Media & Services - 0.1%
 
 
 
Kakao Corp
 
162,928
4,148,576
NAVER Corp
 
74,777
10,577,041
 
 
 
14,725,617
Wireless Telecommunication Services - 0.0%
 
 
 
SK Telecom Co Ltd
 
55,915
3,121,865
TOTAL COMMUNICATION SERVICES
 
 
22,351,068
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.1%
 
 
 
Hankook Tire & Technology Co Ltd
 
35,325
1,625,944
Hyundai Mobis Co Ltd
 
31,215
9,974,330
 
 
 
11,600,274
Automobiles - 0.2%
 
 
 
Hyundai Motor Co
 
70,450
18,442,887
Kia Corp
 
124,093
11,054,386
 
 
 
29,497,273
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Delivery Hero SE (b)(c)(d)(e)
 
88,449
3,855,742
Household Durables - 0.0%
 
 
 
LG Electronics Inc
 
56,014
6,134,405
TOTAL CONSUMER DISCRETIONARY
 
 
51,087,694
Consumer Staples - 0.1%
 
 
 
Food Products - 0.0%
 
 
 
Samyang Foods Co Ltd (e)
 
2,115
1,703,754
Personal Care Products - 0.0%
 
 
 
Amorepacific Corp
 
14,945
1,331,540
APR Corp/Korea (e)
 
12,960
2,841,862
 
 
 
4,173,402
Tobacco - 0.1%
 
 
 
KT&G Corp
 
48,766
5,995,757
TOTAL CONSUMER STAPLES
 
 
11,872,913
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
HD Hyundai Co Ltd
 
22,179
3,009,060
S-Oil Corp
 
22,925
2,028,508
SK Innovation Co Ltd (b)
 
33,916
2,566,820
TOTAL ENERGY
 
 
7,604,388
Financials - 0.4%
 
 
 
Banks - 0.3%
 
 
 
Hana Financial Group Inc
 
143,813
12,282,328
Industrial Bank of Korea
 
130,293
1,845,656
KakaoBank Corp
 
85,421
1,294,511
KB Financial Group Inc
 
187,399
21,670,170
Shinhan Financial Group Co Ltd
 
219,828
15,077,864
Woori Financial Group Inc
 
341,860
7,819,149
 
 
 
59,989,678
Capital Markets - 0.0%
 
 
 
Korea Investment Holdings Co Ltd
 
22,315
3,112,600
Mirae Asset Securities Co Ltd (e)
 
101,670
2,386,346
NH Investment & Securities Co Ltd
 
72,760
1,408,066
 
 
 
6,907,012
Financial Services - 0.0%
 
 
 
Meritz Financial Group Inc (b)
 
36,228
3,071,615
Insurance - 0.1%
 
 
 
DB Insurance Co Ltd
 
23,209
2,483,224
Samsung Fire & Marine Insurance Co Ltd
 
15,383
6,578,134
Samsung Life Insurance Co Ltd
 
42,337
8,768,509
 
 
 
17,829,867
TOTAL FINANCIALS
 
 
87,798,172
Health Care - 0.1%
 
 
 
Biotechnology - 0.1%
 
 
 
Alteogen Inc
 
21,033
4,454,074
Celltrion Inc
 
80,618
10,265,095
Samsung Episholdings Co Ltd (e)
 
3,215
824,796
 
 
 
15,543,965
Health Care Equipment & Supplies - 0.0%
 
 
 
HLB Co Ltd (b)(e)
 
62,971
1,323,674
Life Sciences Tools & Services - 0.0%
 
 
 
Samsung Biologics Co Ltd (b)(c)(d)
 
6,081
6,181,508
Pharmaceuticals - 0.0%
 
 
 
Yuhan Corp
 
28,972
1,461,704
TOTAL HEALTH CARE
 
 
24,510,851
Industrials - 0.7%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Hanwha Aerospace Co Ltd
 
17,735
11,249,420
Hanwha Systems Co Ltd
 
39,592
1,713,233
Korea Aerospace Industries Ltd (e)
 
37,231
3,275,180
LIG Defense&Aerospace Co Ltd
 
6,710
3,239,421
 
 
 
19,477,254
Air Freight & Logistics - 0.0%
 
 
 
Hyundai Glovis Co Ltd
 
19,662
2,664,289
Construction & Engineering - 0.0%
 
 
 
Hyundai Engineering & Construction Co Ltd
 
37,480
2,399,444
Electrical Equipment - 0.2%
 
 
 
Doosan Enerbility Co Ltd (b)
 
238,205
10,786,046
Ecopro BM Co Ltd
 
27,865
1,966,629
Ecopro Co Ltd (e)
 
53,342
2,885,173
HD Hyundai Electric Co Ltd
 
12,285
5,612,970
Hyosung Heavy Industries Corp
 
2,688
4,316,328
LG Energy Solution Ltd (b)(e)
 
24,499
5,476,099
LS Electric Co Ltd
 
39,292
4,888,296
POSCO Future M Co Ltd
 
17,281
1,620,229
 
 
 
37,551,770
Industrial Conglomerates - 0.3%
 
 
 
Doosan Co Ltd (e)
 
3,815
2,976,230
LG Corp
 
45,058
3,086,571
Samsung C&T Corp
 
42,918
9,878,668
SK Inc
 
19,200
7,087,222
SK Square Co Ltd
 
48,828
33,173,076
 
 
 
56,201,767
Machinery - 0.1%
 
 
 
Hanwha Ocean Co Ltd (b)
 
68,268
3,993,124
HD Hyundai Heavy Industries Co Ltd (e)
 
16,480
5,451,746
HD Korea Shipbuilding & Offshore Engineering Co Ltd
 
22,264
5,841,687
Hyundai Rotem Co Ltd
 
37,169
3,412,781
Samsung Heavy Industries Co Ltd (b)
 
346,208
5,085,866
 
 
 
23,785,204
Marine Transportation - 0.0%
 
 
 
HMM Co Ltd
 
118,638
1,708,010
Passenger Airlines - 0.0%
 
 
 
Korean Air Lines Co Ltd
 
97,859
1,712,918
Trading Companies & Distributors - 0.0%
 
 
 
Posco International Corp
 
22,830
822,383
TOTAL INDUSTRIALS
 
 
146,323,039
Information Technology - 4.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
LG Display Co Ltd (b)(e)
 
154,252
958,851
Samsung Electro-Mechanics Co Ltd
 
29,620
22,363,219
Samsung SDI Co Ltd (b)
 
32,013
8,624,907
 
 
 
31,946,977
IT Services - 0.0%
 
 
 
Samsung SDS Co Ltd
 
20,567
2,864,596
Semiconductors & Semiconductor Equipment - 1.7%
 
 
 
Hanmi Semiconductor Co Ltd (e)
 
21,515
3,072,983
SK Hynix Inc
 
291,891
327,521,451
 
 
 
330,594,434
Technology Hardware, Storage & Peripherals - 2.2%
 
 
 
Samsung Electronics Co Ltd
 
2,469,894
424,753,276
TOTAL INFORMATION TECHNOLOGY
 
 
790,159,283
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
LG Chem Ltd
 
24,036
4,206,269
Metals & Mining - 0.1%
 
 
 
POSCO Holdings Inc
 
37,894
8,084,275
TOTAL MATERIALS
 
 
12,290,544
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Korea Electric Power Corp
 
134,541
3,194,387
TOTAL KOREA (SOUTH)
 
 
1,157,192,339
KUWAIT - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Mobile Telecommunications Co KSCP
 
983,818
1,898,317
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Boubyan Bank KSCP
 
878,819
1,829,216
Gulf Bank KSCP
 
1,125,708
1,280,702
Kuwait Finance House KSCP
 
6,018,594
15,270,189
National Bank of Kuwait SAKP
 
4,640,656
12,869,046
Warba Bank KSCP
 
1,185,069
1,068,630
TOTAL FINANCIALS
 
 
32,317,783
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Mabanee Co KPSC
 
358,011
1,073,802
TOTAL KUWAIT
 
 
35,289,902
LUXEMBOURG - 0.1%
 
 
 
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
CVC Capital Partners PLC (c)(d)(e)
 
108,638
1,817,753
Reinet Investments SCA (South Africa)
 
72,170
1,969,306
TOTAL FINANCIALS
 
 
3,787,059
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Eurofins Scientific SE
 
60,633
4,765,675
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
ArcelorMittal SA
 
225,239
15,776,265
TOTAL LUXEMBOURG
 
 
24,328,999
MACAU - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Galaxy Entertainment Group Ltd
 
1,029,136
4,488,059
Sands China Ltd
 
1,278,787
2,400,253
 
 
 
 
TOTAL MACAU
 
 
6,888,312
MALAYSIA - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telekom Malaysia Bhd
 
612,097
1,160,529
Wireless Telecommunication Services - 0.0%
 
 
 
CELCOMDIGI BHD
 
1,537,800
1,122,023
Maxis Bhd
 
1,201,900
1,088,373
 
 
 
2,210,396
TOTAL COMMUNICATION SERVICES
 
 
3,370,925
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
IOI Corp Bhd
 
1,265,100
1,370,574
Kuala Lumpur Kepong Bhd
 
252,667
1,300,940
Nestle Malaysia Bhd
 
1
25
QL Resources Bhd
 
2
1
SD Guthrie Bhd
 
1,105,340
1,761,098
TOTAL CONSUMER STAPLES
 
 
4,432,638
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
AMMB Holdings Bhd
 
1,285,800
2,129,576
CIMB Group Holdings Bhd
 
4,100,011
7,917,894
Hong Leong Bank Bhd
 
333,500
1,799,388
Malayan Banking Bhd
 
3,005,907
8,013,722
Public Bank Bhd
 
7,622,600
9,636,649
RHB Bank Bhd
 
963,463
2,015,153
TOTAL FINANCIALS
 
 
31,512,382
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
IHH Healthcare Bhd
 
891,500
1,822,734
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Gamuda Bhd
 
2,627,656
2,745,486
Industrial Conglomerates - 0.0%
 
 
 
Sunway Bhd
 
1,429,000
1,843,780
Marine Transportation - 0.0%
 
 
 
MISC Bhd
 
700,100
1,356,529
TOTAL INDUSTRIALS
 
 
5,945,795
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Petronas Chemicals Group Bhd
 
1,224,200
1,435,820
Metals & Mining - 0.0%
 
 
 
Press Metal Aluminium Holdings Bhd
 
1,940,600
3,767,171
TOTAL MATERIALS
 
 
5,202,991
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
IOI Properties Group Bhd
 
30
28
Sime Darby Property Bhd
 
10
2
SP Setia Bhd Group
 
13
3
TOTAL REAL ESTATE
 
 
33
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Tenaga Nasional Bhd
 
1,406,400
5,024,319
Gas Utilities - 0.0%
 
 
 
Petronas Gas Bhd
 
416,500
1,787,693
Multi-Utilities - 0.0%
 
 
 
YTL Corp Bhd
 
266,446
126,223
YTL Power International Bhd
 
1,762,920
1,801,304
 
 
 
1,927,527
TOTAL UTILITIES
 
 
8,739,539
TOTAL MALAYSIA
 
 
61,027,037
MEXICO - 0.6%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
America Movil SAB de CV Series B
 
7,950,600
10,131,340
Consumer Staples - 0.2%
 
 
 
Beverages - 0.2%
 
 
 
Arca Continental SAB de CV
 
270,100
3,095,011
Coca-Cola Femsa SAB de CV unit
 
276,175
2,986,029
Fomento Economico Mexicano SAB de CV unit
 
896,100
11,457,684
 
 
 
17,538,724
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Wal-Mart de Mexico SAB de CV Series V
 
2,758,600
8,003,675
Food Products - 0.0%
 
 
 
Gruma SAB de CV Series B
 
85,365
1,272,774
Grupo Bimbo SAB de CV (e)
 
684,600
2,449,136
Sigma Foods SAB de CV
 
1,863,351
1,899,984
 
 
 
5,621,894
Household Products - 0.0%
 
 
 
Kimberly-Clark de Mexico SAB de CV Series A
 
779,100
1,808,356
TOTAL CONSUMER STAPLES
 
 
32,972,649
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Grupo Financiero Banorte SAB de CV
 
1,269,000
14,696,500
Grupo Financiero Inbursa SAB de CV Series O
 
820,900
2,108,712
TOTAL FINANCIALS
 
 
16,805,212
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Grupo Carso SAB de CV Series A1
 
284,300
2,433,691
Transportation Infrastructure - 0.1%
 
 
 
Grupo Aeroportuario del Centro Norte SAB de CV Series B
 
142,000
1,896,640
Grupo Aeroportuario del Pacifico SAB de CV Series B
 
202,410
4,400,442
Grupo Aeroportuario del Sureste SAB de CV Series B
 
90,930
2,518,130
Promotora y Operadora de Infraestructura SAB de CV
 
90,880
1,435,074
 
 
 
10,250,286
TOTAL INDUSTRIALS
 
 
12,683,977
Materials - 0.2%
 
 
 
Construction Materials - 0.0%
 
 
 
Cemex SAB de CV unit
 
8,026,094
9,504,615
Metals & Mining - 0.2%
 
 
 
Fresnillo PLC
 
97,938
3,266,900
Grupo Mexico SAB de CV Series B
 
1,541,224
18,484,544
Industrias Penoles SAB de CV
 
98,785
4,547,549
Southern Copper Corp
 
48,607
8,880,985
 
 
 
35,179,978
TOTAL MATERIALS
 
 
44,684,593
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Fibra Uno Administracion SA de CV
 
1,433,800
2,582,073
Industrial REITs - 0.0%
 
 
 
Prologis Property Mexico SA de CV
 
564,099
2,533,307
TOTAL REAL ESTATE
 
 
5,115,380
TOTAL MEXICO
 
 
122,393,151
NETHERLANDS - 3.1%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Koninklijke KPN NV
 
2,031,468
9,592,269
Entertainment - 0.0%
 
 
 
Universal Music Group NV
 
535,194
8,830,466
TOTAL COMMUNICATION SERVICES
 
 
18,422,735
Consumer Staples - 0.2%
 
 
 
Beverages - 0.1%
 
 
 
Heineken Holding NV Class A
 
63,024
5,301,723
Heineken NV
 
152,079
13,769,293
 
 
 
19,071,016
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Koninklijke Ahold Delhaize NV
 
467,366
18,518,085
Food Products - 0.0%
 
 
 
Magnum Ice Cream Co NV/The (b)
 
259,480
4,846,157
TOTAL CONSUMER STAPLES
 
 
42,435,258
Financials - 0.6%
 
 
 
Banks - 0.4%
 
 
 
ABN AMRO Bank NV depository receipt (c)
 
326,672
14,691,371
ING Groep NV
 
1,542,519
54,206,521
 
 
 
68,897,892
Capital Markets - 0.0%
 
 
 
Euronext NV (d)
 
41,177
7,530,845
Financial Services - 0.1%
 
 
 
Adyen NV (b)(c)(d)
 
14,203
14,447,523
EXOR NV
 
47,100
3,763,916
 
 
 
18,211,439
Insurance - 0.1%
 
 
 
ASR Nederland NV
 
83,055
6,788,523
NN Group NV
 
138,818
13,062,363
 
 
 
19,850,886
TOTAL FINANCIALS
 
 
114,491,062
Health Care - 0.2%
 
 
 
Biotechnology - 0.1%
 
 
 
Argenx SE (b)
 
32,722
28,026,305
Health Care Equipment & Supplies - 0.1%
 
 
 
Koninklijke Philips NV
 
406,521
10,710,961
TOTAL HEALTH CARE
 
 
38,737,266
Industrials - 0.0%
 
 
 
Professional Services - 0.0%
 
 
 
Wolters Kluwer NV
 
120,404
9,452,758
Information Technology - 2.0%
 
 
 
Semiconductors & Semiconductor Equipment - 1.9%
 
 
 
ASM International NV
 
24,836
22,946,074
ASML Holding NV
 
205,122
338,029,873
BE Semiconductor Industries NV
 
37,710
8,620,958
 
 
 
369,596,905
Software - 0.1%
 
 
 
Nebius Group NV Class A (b)(e)
 
106,782
20,332,361
Nebius Group NV Class A (Russia) (b)(f)
 
102,848
0
 
 
 
20,332,361
TOTAL INFORMATION TECHNOLOGY
 
 
389,929,266
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Akzo Nobel NV
 
80,582
5,644,169
TOTAL NETHERLANDS
 
 
619,112,514
NEW ZEALAND - 0.1%
 
 
 
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Infratil Ltd
 
470,820
4,087,084
Health Care - 0.1%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Fisher & Paykel Healthcare Corp Ltd
 
307,868
7,363,221
Industrials - 0.0%
 
 
 
Transportation Infrastructure - 0.0%
 
 
 
Auckland International Airport Ltd
 
895,528
4,591,561
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Xero Ltd (b)
 
86,324
4,309,730
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Contact Energy Ltd
 
489,762
2,619,071
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Meridian Energy Ltd
 
702,073
2,354,250
TOTAL UTILITIES
 
 
4,973,321
TOTAL NEW ZEALAND
 
 
25,324,917
NIGERIA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Airtel Africa PLC (c)(d)
 
396,370
1,778,911
NORWAY - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Telenor ASA
 
322,112
4,547,464
Consumer Staples - 0.1%
 
 
 
Food Products - 0.1%
 
 
 
Mowi ASA
 
231,970
4,958,810
Orkla ASA
 
386,869
4,297,319
Salmar ASA
 
35,791
1,946,743
TOTAL CONSUMER STAPLES
 
 
11,202,872
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Aker BP ASA
 
165,924
5,856,141
Equinor ASA
 
371,798
15,262,655
Var Energi ASA
 
487,298
2,426,849
TOTAL ENERGY
 
 
23,545,645
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
DNB Bank ASA
 
427,859
13,769,137
Insurance - 0.0%
 
 
 
Gjensidige Forsikring ASA
 
105,284
3,134,914
TOTAL FINANCIALS
 
 
16,904,051
Industrials - 0.0%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Kongsberg Gruppen ASA
 
221,513
6,922,939
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Norsk Hydro ASA
 
681,190
6,283,316
TOTAL NORWAY
 
 
69,406,287
PERU - 0.1%
 
 
 
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Credicorp Ltd
 
35,953
14,402,053
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Cia de Minas Buenaventura SAA ADR
 
86,579
2,621,612
TOTAL PERU
 
 
17,023,665
PHILIPPINES - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
PLDT Inc
 
38,045
756,376
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Bank of the Philippine Islands
 
889,437
1,485,707
BDO Unibank Inc
 
1,212,352
2,457,495
Metropolitan Bank & Trust Co
 
918,051
983,084
TOTAL FINANCIALS
 
 
4,926,286
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Ayala Corp
 
125,170
1,045,525
DMCI Holdings Inc
 
4
0
SM Investments Corp
 
111,133
1,076,361
 
 
 
2,121,886
Transportation Infrastructure - 0.1%
 
 
 
International Container Terminal Services Inc
 
508,150
7,979,433
TOTAL INDUSTRIALS
 
 
10,101,319
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Altus Property Ventures Inc
 
7
1
Ayala Land Inc
 
2,985,000
822,172
SM Prime Holdings Inc
 
4,864,800
1,454,061
TOTAL REAL ESTATE
 
 
2,276,234
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Manila Electric Co
 
93,320
725,067
TOTAL PHILIPPINES
 
 
18,785,282
POLAND - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Entertainment - 0.0%
 
 
 
CD Projekt SA (b)
 
34,176
2,286,237
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Allegro.eu SA (b)(c)(d)
 
505,588
6,088,332
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
LPP SA
 
583
3,389,707
TOTAL CONSUMER DISCRETIONARY
 
 
9,478,039
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Dino Polska SA (b)(c)(d)
 
256,814
2,202,022
Zabka Group SA
 
211,747
1,802,512
TOTAL CONSUMER STAPLES
 
 
4,004,534
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
ORLEN SA
 
306,589
12,149,809
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Bank Millennium SA (b)
 
329,308
1,821,236
Bank Polska Kasa Opieki SA
 
93,189
6,124,209
Erste Bank Polska SA
 
21,282
4,187,295
mBank SA (b)
 
6,677
2,415,635
Powszechna Kasa Oszczednosci Bank Polski SA
 
462,595
13,859,337
 
 
 
28,407,712
Insurance - 0.1%
 
 
 
Powszechny Zaklad Ubezpieczen SA
 
297,752
5,665,470
TOTAL FINANCIALS
 
 
34,073,182
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
InPost SA (b)
 
130,451
2,325,641
Construction & Engineering - 0.0%
 
 
 
Budimex SA
 
6,511
1,257,354
TOTAL INDUSTRIALS
 
 
3,582,995
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Asseco Poland SA
 
27,405
1,465,381
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
KGHM Polska Miedz SA
 
74,177
6,114,815
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
PGE Polska Grupa Energetyczna SA (b)
 
468,819
1,268,791
TOTAL POLAND
 
 
74,423,783
PORTUGAL - 0.1%
 
 
 
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Jeronimo Martins SGPS SA
 
148,687
2,976,518
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Galp Energia SGPS SA
 
216,865
4,925,136
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Banco Comercial Portugues SA
 
4,336,031
5,325,100
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
EDP SA
 
1,558,128
8,031,497
TOTAL PORTUGAL
 
 
21,258,251
QATAR - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Ooredoo QPSC
 
468,678
1,609,029
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Qatar Fuel QSC
 
305,284
1,165,462
Qatar Gas Transport Co Ltd
 
1,416,471
1,606,709
TOTAL ENERGY
 
 
2,772,171
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Al Rayan Bank
 
2,967,672
1,621,990
Commercial Bank PSQC/The
 
1,659,834
1,878,197
Dukhan Bank
 
921,148
822,228
Qatar International Islamic Bank QSC
 
523,162
1,554,686
Qatar Islamic Bank QPSC
 
863,351
5,136,002
Qatar National Bank QPSC
 
2,338,127
10,640,694
TOTAL FINANCIALS
 
 
21,653,797
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Industries Qatar QSC
 
800,018
2,315,899
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Mesaieed Petrochemical Holding Co
 
2,932,715
881,183
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Nebras Energy
 
222,869
904,698
TOTAL QATAR
 
 
30,136,777
ROMANIA - 0.0%
 
 
 
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
NEPI Rockcastle NV
 
315,567
2,904,757
RUSSIA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
VK IPJSC (b)(f)
 
25,459
0
VK IPJSC GDR (b)(c)(f)
 
12,889
0
TOTAL COMMUNICATION SERVICES
 
 
0
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Ozon Holdings PLC ADR (b)(f)
 
15,142
0
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Gazprom PJSC (b)(f)
 
3,422,762
0
Gazprom PJSC ADR (b)(f)
 
266,976
3
LUKOIL PJSC (b)(f)
 
135,807
0
LUKOIL PJSC ADR (b)(f)
 
625
0
Rosneft Oil Co PJSC (b)(f)
 
322,313
0
Rosneft Oil Co PJSC GDR (b)(c)(f)
 
56,929
1
Surgutneftegas PAO (b)(f)
 
1,105,600
0
Surgutneftegas PAO ADR (b)(f)
 
71,885
1
Tatneft PJSC (b)(f)
 
446,514
0
TOTAL ENERGY
 
 
5
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Sberbank of Russia PJSC (b)(f)
 
3,621,326
0
VTB Bank PJSC (b)(f)
 
232,170
0
 
 
 
0
Capital Markets - 0.0%
 
 
 
Moscow Exchange MICEX-RTS PJSC (b)(f)
 
524,685
0
TKS Holding MKPAO JSC (b)(f)
 
14,240
0
 
 
 
0
TOTAL FINANCIALS
 
 
0
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
PhosAgro PJSC GDR cancellation restricted shares (b)(c)(f)
 
300
0
Metals & Mining - 0.0%
 
 
 
Alrosa PJSC (b)(f)
 
846,411
0
GMK Norilskiy Nickel PAO (b)(f)
 
1,810,200
0
GMK Norilskiy Nickel PAO ADR (United Kingdom) (b)(f)
 
27,948
0
Novolipetsk Steel PJSC (b)(f)
 
477,930
0
Polyus PJSC (b)(f)
 
110,750
0
Severstal PAO (b)(f)
 
60,348
0
Severstal PAO GDR (b)(c)(f)
 
9,813
0
United Co RUSAL International PJSC (Russia) (b)(f)
 
1,020,580
0
 
 
 
0
TOTAL MATERIALS
 
 
0
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Inter RAO UES PJSC (b)(f)
 
12,405,200
2
TOTAL RUSSIA
 
 
7
SAUDI ARABIA - 0.8%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Saudi Telecom Co
 
1,063,436
12,215,851
Wireless Telecommunication Services - 0.0%
 
 
 
Etihad Etisalat Co
 
199,532
3,302,067
TOTAL COMMUNICATION SERVICES
 
 
15,517,918
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Jabal Omar Development Company (b)
 
308,226
1,313,171
Specialty Retail - 0.0%
 
 
 
Jarir Marketing Co
 
328,796
1,455,090
TOTAL CONSUMER DISCRETIONARY
 
 
2,768,261
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Almarai Co JSC
 
235,852
2,914,002
Energy - 0.1%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Ades Holding Co
 
171,651
760,557
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Saudi Arabian Oil Co (c)(d)
 
3,194,456
22,524,084
TOTAL ENERGY
 
 
23,284,641
Financials - 0.5%
 
 
 
Banks - 0.4%
 
 
 
Al Rajhi Bank
 
1,556,382
25,922,432
Alinma Bank
 
768,545
4,780,512
Arab National Bank
 
472,746
2,731,617
Bank Al-Jazira
 
313,454
1,014,103
Bank AlBilad
 
387,397
2,536,571
Banque Saudi Fransi
 
639,469
3,364,641
Riyad Bank
 
1,026,337
5,558,699
Saudi Awwal Bank
 
524,355
4,724,850
Saudi Investment Bank/The
 
323,933
1,195,503
Saudi National Bank/The
 
1,560,559
16,289,153
 
 
 
68,118,081
Capital Markets - 0.0%
 
 
 
Saudi Tadawul Group Holding Co
 
25,228
796,709
Insurance - 0.1%
 
 
 
Bupa Arabia for Cooperative Insurance Co
 
42,290
1,767,948
Co for Cooperative Insurance/The
 
37,538
1,225,445
 
 
 
2,993,393
TOTAL FINANCIALS
 
 
71,908,183
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Dr Sulaiman Al Habib Medical Services Group Co
 
44,287
2,771,254
Mouwasat Medical Services Co
 
50,263
832,475
TOTAL HEALTH CARE
 
 
3,603,729
Industrials - 0.0%
 
 
 
Air Freight & Logistics - 0.0%
 
 
 
SAL Saudi Logistics Services
 
18,730
862,812
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Arabian Internet & Communications Services Co
 
12,617
721,979
Elm Co
 
12,912
2,331,071
TOTAL INFORMATION TECHNOLOGY
 
 
3,053,050
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
SABIC Agri-Nutrients Co
 
122,101
3,995,796
Saudi Basic Industries Corp
 
481,143
6,354,598
Yanbu National Petrochemical Co
 
145,851
1,192,285
 
 
 
11,542,679
Metals & Mining - 0.0%
 
 
 
Saudi Arabian Mining Co (b)
 
619,077
9,330,251
TOTAL MATERIALS
 
 
20,872,930
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Dar Al Arkan Real Estate Development Co (b)
 
280,712
1,374,596
Makkah Construction & Development Co
 
52,174
1,138,506
TOTAL REAL ESTATE
 
 
2,513,102
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Saudi Energy Co
 
424,528
1,916,056
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
ACWA Power Co (b)
 
122,325
6,110,550
TOTAL UTILITIES
 
 
8,026,606
TOTAL SAUDI ARABIA
 
 
155,325,234
SINGAPORE - 1.1%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Singapore Telecommunications Ltd
 
3,929,869
13,596,948
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Sea Ltd Class A ADR (b)
 
198,926
21,233,361
Financials - 0.7%
 
 
 
Banks - 0.7%
 
 
 
DBS Group Holdings Ltd
 
1,089,540
62,862,912
Oversea-Chinese Banking Corp Ltd
 
1,730,551
39,306,391
United Overseas Bank Ltd
 
639,409
21,624,234
 
 
 
123,793,537
Capital Markets - 0.0%
 
 
 
Singapore Exchange Ltd
 
421,817
8,041,607
TOTAL FINANCIALS
 
 
131,835,144
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Singapore Technologies Engineering Ltd
 
819,524
6,439,646
Ground Transportation - 0.0%
 
 
 
Grab Holdings Ltd Class A (b)
 
1,280,453
4,481,586
Industrial Conglomerates - 0.1%
 
 
 
Keppel Ltd
 
749,420
6,693,039
Passenger Airlines - 0.0%
 
 
 
Singapore Airlines Ltd
 
784,468
4,705,870
TOTAL INDUSTRIALS
 
 
22,320,141
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
STMicroelectronics NV
 
334,588
17,622,792
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
CapitaLand Integrated Commercial Trust
 
3,209,163
6,228,143
Industrial REITs - 0.0%
 
 
 
CapitaLand Ascendas REIT
 
2,218,643
4,443,893
Real Estate Management & Development - 0.0%
 
 
 
CapitaLand Investment Ltd/Singapore
 
1,290,571
2,674,511
TOTAL REAL ESTATE
 
 
13,346,547
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Sembcorp Industries Ltd
 
462,500
1,989,253
TOTAL SINGAPORE
 
 
221,944,186
SOUTH AFRICA - 1.0%
 
 
 
Communication Services - 0.1%
 
 
 
Wireless Telecommunication Services - 0.1%
 
 
 
MTN Group Ltd
 
921,411
11,422,794
Vodacom Group Ltd
 
326,036
3,154,560
TOTAL COMMUNICATION SERVICES
 
 
14,577,354
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Naspers Ltd Class N
 
404,782
21,268,312
Specialty Retail - 0.0%
 
 
 
Pepkor Holdings Ltd (c)(d)
 
1,854,662
2,387,137
TOTAL CONSUMER DISCRETIONARY
 
 
23,655,449
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.1%
 
 
 
Bid Corp Ltd
 
176,359
4,837,820
Clicks Group Ltd
 
120,066
1,606,841
Shoprite Holdings Ltd
 
247,408
4,303,162
TOTAL CONSUMER STAPLES
 
 
10,747,823
Financials - 0.3%
 
 
 
Banks - 0.2%
 
 
 
Absa Group Ltd
 
452,492
6,236,636
Capitec Bank Holdings Ltd
 
46,073
13,155,456
Nedbank Group Ltd
 
225,116
3,807,972
Standard Bank Group Ltd
 
697,076
13,880,203
 
 
 
37,080,267
Financial Services - 0.1%
 
 
 
FirstRand Ltd
 
2,674,054
15,992,373
Remgro Ltd
 
266,307
3,129,296
 
 
 
19,121,669
Insurance - 0.0%
 
 
 
Discovery Ltd
 
290,766
4,624,310
OUTsurance Group Ltd
 
446,693
2,235,852
Sanlam Ltd
 
941,473
5,012,372
 
 
 
11,872,534
TOTAL FINANCIALS
 
 
68,074,470
Industrials - 0.0%
 
 
 
Industrial Conglomerates - 0.0%
 
 
 
Bidvest Group Ltd
 
169,537
2,543,760
Materials - 0.4%
 
 
 
Chemicals - 0.0%
 
 
 
Sasol Ltd (b)
 
303,481
3,596,374
Metals & Mining - 0.4%
 
 
 
Anglo American PLC
 
560,702
28,383,578
Gold Fields Ltd
 
473,402
15,287,545
Harmony Gold Mining Co Ltd
 
304,425
4,803,261
Impala Platinum Holdings Ltd
 
473,101
5,159,730
Northam Platinum Holdings Ltd
 
187,586
2,686,030
Sibanye Stillwater Ltd (e)
 
1,481,879
3,202,658
Valterra Platinum Ltd
 
140,662
10,532,870
 
 
 
70,055,672
TOTAL MATERIALS
 
 
73,652,046
TOTAL SOUTH AFRICA
 
 
193,250,902
SPAIN - 2.3%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Cellnex Telecom SA (c)(d)
 
253,464
7,873,622
Telefonica SA
 
1,959,312
8,089,399
TOTAL COMMUNICATION SERVICES
 
 
15,963,021
Consumer Discretionary - 0.3%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Amadeus IT Group SA Class A
 
232,572
14,353,642
Specialty Retail - 0.2%
 
 
 
Industria de Diseno Textil SA
 
576,137
37,600,797
TOTAL CONSUMER DISCRETIONARY
 
 
51,954,439
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Repsol SA
 
584,398
17,836,431
Financials - 1.2%
 
 
 
Banks - 1.2%
 
 
 
Banco Bilbao Vizcaya Argentaria SA
 
2,975,730
83,415,399
Banco de Sabadell SA
 
2,533,887
9,715,490
Banco Santander SA
 
7,564,325
107,581,906
Bankinter SA
 
334,798
6,150,132
CaixaBank SA
 
1,853,522
26,924,904
 
 
 
233,787,831
Insurance - 0.0%
 
 
 
Mapfre SA
 
479,572
2,452,084
TOTAL FINANCIALS
 
 
236,239,915
Industrials - 0.1%
 
 
 
Construction & Engineering - 0.0%
 
 
 
ACS Actividades de Construccion y Servicios SA
 
94,666
12,040,800
Transportation Infrastructure - 0.1%
 
 
 
Aena SME SA (c)(d)
 
395,144
12,157,017
TOTAL INDUSTRIALS
 
 
24,197,817
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Indra Sistemas SA
 
40,078
2,625,065
Utilities - 0.5%
 
 
 
Electric Utilities - 0.5%
 
 
 
Acciona SA
 
13,138
3,614,810
Endesa SA (e)
 
164,758
8,048,006
Iberdrola SA
 
3,272,359
77,923,204
Redeia Corp SA
 
213,133
3,759,037
 
 
 
93,345,057
Gas Utilities - 0.0%
 
 
 
Naturgy Energy Group SA
 
218,057
7,274,353
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
EDP Renewables SA
 
166,569
2,583,463
TOTAL UTILITIES
 
 
103,202,873
TOTAL SPAIN
 
 
452,019,561
SWEDEN - 1.8%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Telia Co AB
 
1,258,517
5,839,122
Wireless Telecommunication Services - 0.0%
 
 
 
Tele2 AB B Shares
 
287,792
4,985,732
TOTAL COMMUNICATION SERVICES
 
 
10,824,854
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Evolution AB (b)(d)
 
65,439
5,004,377
Specialty Retail - 0.0%
 
 
 
H & M Hennes & Mauritz AB B Shares
 
226,763
4,152,879
TOTAL CONSUMER DISCRETIONARY
 
 
9,157,256
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Essity AB B Shares
 
302,807
8,814,990
Financials - 0.5%
 
 
 
Banks - 0.2%
 
 
 
Skandinaviska Enskilda Banken AB A Shares
 
773,055
18,128,498
Svenska Handelsbanken AB A Shares
 
719,471
11,001,121
Swedbank AB A1 Shares
 
433,378
17,340,217
 
 
 
46,469,836
Capital Markets - 0.0%
 
 
 
EQT AB
 
228,779
7,777,169
Financial Services - 0.3%
 
 
 
Industrivarden AB A Shares
 
59,879
3,452,308
Industrivarden AB C Shares
 
79,206
4,530,003
Investor AB B Shares
 
913,001
39,407,218
L E Lundbergforetagen AB B Shares
 
37,569
2,254,803
 
 
 
49,644,332
TOTAL FINANCIALS
 
 
103,891,337
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Swedish Orphan Biovitrum AB B Shares (b)
 
93,471
4,619,463
Industrials - 1.0%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Saab AB B Shares
 
169,498
10,650,885
Building Products - 0.1%
 
 
 
Assa Abloy AB B Shares
 
515,675
19,134,526
Nibe Industrier AB B Shares
 
740,265
2,965,040
 
 
 
22,099,566
Commercial Services & Supplies - 0.0%
 
 
 
Securitas AB B Shares
 
250,254
4,021,010
Construction & Engineering - 0.0%
 
 
 
Skanska AB B Shares
 
172,992
4,845,200
Industrial Conglomerates - 0.0%
 
 
 
Investment AB Latour B Shares
 
71,047
1,496,716
Lifco AB B Shares
 
112,755
3,836,573
 
 
 
5,333,289
Machinery - 0.8%
 
 
 
Alfa Laval AB
 
153,605
9,091,573
Atlas Copco AB A Shares
 
1,324,918
27,995,289
Atlas Copco AB B Shares
 
791,379
14,614,690
Epiroc AB A Shares
 
327,124
8,386,358
Epiroc AB B Shares
 
202,237
4,430,346
Indutrade AB
 
143,309
3,593,937
Sandvik AB
 
547,864
20,487,231
SKF AB B Shares
 
179,315
4,854,698
Trelleborg AB B Shares
 
103,675
4,601,148
Volvo AB B Shares
 
820,240
31,375,611
 
 
 
129,430,881
Trading Companies & Distributors - 0.0%
 
 
 
AddTech AB B Shares
 
136,143
4,955,490
Beijer Ref AB B Shares
 
226,443
3,186,591
 
 
 
8,142,081
TOTAL INDUSTRIALS
 
 
184,522,912
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.1%
 
 
 
Telefonaktiebolaget LM Ericsson B Shares
 
1,398,330
13,754,933
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Hexagon AB B Shares
 
1,102,466
10,881,969
TOTAL INFORMATION TECHNOLOGY
 
 
24,636,902
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Boliden AB
 
150,599
7,540,863
Paper & Forest Products - 0.0%
 
 
 
Svenska Cellulosa AB SCA B Shares
 
309,040
3,513,219
TOTAL MATERIALS
 
 
11,054,082
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Fastighets AB Balder B Shares (b)
 
362,367
1,984,947
Sagax AB B Shares
 
113,175
1,988,425
TOTAL REAL ESTATE
 
 
3,973,372
TOTAL SWEDEN
 
 
361,495,168
SWITZERLAND - 3.6%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Swisscom AG
 
13,709
10,547,341
Consumer Discretionary - 0.4%
 
 
 
Specialty Retail - 0.0%
 
 
 
Avolta AG
 
48,147
2,878,874
Textiles, Apparel & Luxury Goods - 0.4%
 
 
 
Cie Financiere Richemont SA Series A
 
283,980
67,116,386
Swatch Group AG/The (e)
 
831
37,107
Swatch Group AG/The bearer shares
 
14,853
3,320,784
 
 
 
70,474,277
TOTAL CONSUMER DISCRETIONARY
 
 
73,353,151
Consumer Staples - 0.8%
 
 
 
Food Products - 0.8%
 
 
 
Barry Callebaut AG
 
1,870
2,606,827
Chocoladefabriken Lindt & Spruengli AG
 
501
5,782,580
Chocoladefabriken Lindt & Spruengli AG participation certificates
 
53
6,234,523
Nestle SA
 
1,360,840
136,017,413
TOTAL CONSUMER STAPLES
 
 
150,641,343
Financials - 1.0%
 
 
 
Banks - 0.0%
 
 
 
Banque Cantonale Vaudoise
 
15,783
2,479,363
Capital Markets - 0.6%
 
 
 
Julius Baer Group Ltd
 
109,057
9,588,358
Partners Group Holding AG
 
11,326
9,414,400
UBS Group AG
 
1,676,822
88,253,789
 
 
 
107,256,547
Insurance - 0.4%
 
 
 
Helvetia Baloise Holding AG
 
40,809
10,943,647
Swiss Life Holding AG
 
14,720
17,384,694
Zurich Insurance Group AG
 
78,995
60,172,718
 
 
 
88,501,059
TOTAL FINANCIALS
 
 
198,236,969
Health Care - 0.4%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Sonova Holding AG
 
25,739
7,004,243
Straumann Holding AG
 
59,102
7,319,209
 
 
 
14,323,452
Life Sciences Tools & Services - 0.1%
 
 
 
Lonza Group AG
 
37,116
25,810,644
Pharmaceuticals - 0.2%
 
 
 
Galderma Group AG
 
97,505
21,218,209
Sandoz Group AG
 
221,166
17,989,828
 
 
 
39,208,037
TOTAL HEALTH CARE
 
 
79,342,133
Industrials - 0.7%
 
 
 
Building Products - 0.1%
 
 
 
Belimo Holding AG
 
5,149
5,349,941
Geberit AG
 
17,108
11,262,141
 
 
 
16,612,082
Electrical Equipment - 0.4%
 
 
 
ABB Ltd
 
828,649
81,753,630
Machinery - 0.1%
 
 
 
Schindler Holding AG
 
10,592
3,242,649
Schindler Holding AG participation certificate
 
21,163
6,664,729
VAT Group AG (c)(d)
 
14,299
10,647,533
 
 
 
20,554,911
Marine Transportation - 0.0%
 
 
 
Kuehne + Nagel International AG
 
25,560
6,503,423
Professional Services - 0.1%
 
 
 
SGS SA
 
87,735
10,394,283
TOTAL INDUSTRIALS
 
 
135,818,329
Information Technology - 0.0%
 
 
 
Technology Hardware, Storage & Peripherals - 0.0%
 
 
 
Logitech International SA
 
76,699
7,787,067
Materials - 0.3%
 
 
 
Chemicals - 0.3%
 
 
 
DSM-Firmenich AG (e)
 
87,408
9,423,263
EMS-Chemie Holding AG
 
3,707
3,748,497
Givaudan SA
 
4,886
19,521,035
Sika AG
 
80,839
18,188,018
TOTAL MATERIALS
 
 
50,880,813
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Swiss Prime Site AG
 
42,754
6,970,100
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
BKW AG
 
10,286
1,703,624
TOTAL SWITZERLAND
 
 
715,280,870
TAIWAN - 8.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Chunghwa Telecom Co Ltd
 
2,017,000
8,676,020
Entertainment - 0.0%
 
 
 
International Games System Co Ltd
 
121,000
2,896,981
Wireless Telecommunication Services - 0.0%
 
 
 
Far EasTone Telecommunications Co Ltd
 
926,000
3,007,447
Taiwan Mobile Co Ltd
 
908,600
3,157,062
 
 
 
6,164,509
TOTAL COMMUNICATION SERVICES
 
 
17,737,510
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Hotai Motor Co Ltd
 
145,220
2,493,424
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
President Chain Store Corp
 
271,000
1,877,499
Food Products - 0.0%
 
 
 
Uni-President Enterprises Corp
 
2,567,080
5,840,160
TOTAL CONSUMER STAPLES
 
 
7,717,659
Financials - 0.8%
 
 
 
Banks - 0.5%
 
 
 
Chang Hwa Commercial Bank Ltd
 
3,690,891
2,870,766
CTBC Financial Holding Co Ltd
 
8,853,579
17,679,375
E.Sun Financial Holding Co Ltd
 
7,537,962
8,994,793
First Financial Holding Co Ltd
 
5,853,134
6,652,598
Hua Nan Financial Holdings Co Ltd
 
4,799,829
6,450,168
Mega Financial Holding Co Ltd
 
6,098,193
10,000,640
Shanghai Commercial & Savings Bank Ltd/The
 
1,975,619
2,771,844
SinoPac Financial Holdings Co Ltd
 
6,398,284
7,983,259
Taiwan Business Bank
 
3,675,057
2,063,382
Taiwan Cooperative Financial Holding Co Ltd
 
5,846,565
4,984,258
TS Financial Holding Co Ltd
 
11,302,887
12,451,440
 
 
 
82,902,523
Financial Services - 0.1%
 
 
 
Chailease Holding Co Ltd
 
791,391
2,718,062
Yuanta Financial Holding Co Ltd
 
5,651,374
11,795,309
 
 
 
14,513,371
Insurance - 0.2%
 
 
 
Cathay Financial Holding Co Ltd
 
5,047,869
15,717,679
Fubon Financial Holding Co Ltd
 
4,447,749
17,736,833
KGI Financial Holding Co Ltd
 
8,099,950
7,656,235
 
 
 
41,110,747
TOTAL FINANCIALS
 
 
138,526,641
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
PharmaEssentia Corp
 
167,614
5,455,628
Pharmaceuticals - 0.0%
 
 
 
Caliway Biopharmaceuticals Co Ltd (b)
 
484,000
1,533,967
TOTAL HEALTH CARE
 
 
6,989,595
Industrials - 0.1%
 
 
 
Electrical Equipment - 0.1%
 
 
 
Bizlink Holding Inc
 
92,000
5,860,286
Fortune Electric Co Ltd (b)
 
73,650
1,592,382
 
 
 
7,452,668
Marine Transportation - 0.0%
 
 
 
Evergreen Marine Corp Taiwan Ltd
 
563,248
3,541,453
Wan Hai Lines Ltd
 
347,360
906,487
Yang Ming Marine Transport Corp
 
899,000
1,407,082
 
 
 
5,855,022
Passenger Airlines - 0.0%
 
 
 
Eva Airways Corp
 
1,441,000
1,923,440
TOTAL INDUSTRIALS
 
 
15,231,130
Information Technology - 7.4%
 
 
 
Communications Equipment - 0.1%
 
 
 
Accton Technology Corp
 
267,000
17,314,174
Electronic Equipment, Instruments & Components - 1.0%
 
 
 
Chroma ATE Inc
 
191,000
12,005,352
Delta Electronics Inc
 
1,029,621
50,678,420
E Ink Holdings Inc
 
418,000
2,419,800
Elite Material Co Ltd
 
152,000
21,830,145
Gold Circuit Electronics Ltd
 
174,000
4,172,413
Hon Hai Precision Industry Co Ltd
 
6,462,990
49,380,824
Innolux Corp
 
3,920,119
5,382,293
Largan Precision Co Ltd
 
49,000
6,077,236
Lotes Co Ltd
 
44,000
2,480,969
Unimicron Technology Corp
 
708,532
16,631,990
Yageo Corp
 
823,112
12,394,662
Zhen Ding Technology Holding Ltd
 
397,302
4,987,246
 
 
 
188,441,350
Semiconductors & Semiconductor Equipment - 5.9%
 
 
 
Alchip Technologies Ltd
 
41,000
3,785,802
ASE Technology Holding Co Ltd
 
1,763,840
30,113,038
ASPEED Technology Inc
 
17,600
7,690,291
eMemory Technology Inc
 
33,000
2,480,526
Global Unichip Corp
 
46,000
5,269,963
Globalwafers Co Ltd
 
138,000
3,487,250
Hon Precision Inc
 
43,000
7,979,442
Jentech Precision Industrial Co Ltd
 
46,000
4,766,908
King Yuan Electronics Co Ltd
 
616,350
4,164,871
MediaTek Inc
 
762,970
81,315,200
MPI Corp
 
45,000
7,166,238
Novatek Microelectronics Corp
 
303,000
4,791,016
Realtek Semiconductor Corp
 
260,090
5,395,940
Taiwan Semiconductor Manufacturing Co Ltd
 
13,019,000
963,401,068
United Microelectronics Corp
 
5,987,000
22,408,359
Vanguard International Semiconductor Corp
 
637,581
2,924,270
 
 
 
1,157,140,182
Technology Hardware, Storage & Peripherals - 0.4%
 
 
 
Advantech Co Ltd
 
249,411
4,250,363
Asia Vital Components Co Ltd
 
171,000
12,031,642
Asustek Computer Inc
 
355,000
8,812,533
Gigabyte Technology Co Ltd (b)
 
283,000
2,922,052
Inventec Corp
 
1,313,280
2,466,984
King Slide Works Co Ltd
 
30,000
7,191,986
Lite-On Technology Corp
 
1,043,910
6,618,628
Pegatron Corp
 
1,055,000
2,731,162
Quanta Computer Inc
 
1,431,000
12,735,954
Wistron Corp
 
1,607,000
8,622,338
Wiwynn Corp
 
54,000
8,795,697
 
 
 
77,179,339
TOTAL INFORMATION TECHNOLOGY
 
 
1,440,075,045
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Formosa Chemicals & Fibre Corp
 
1,793,590
3,124,698
Formosa Plastics Corp
 
2,001,480
3,366,999
Nan Ya Plastics Corp
 
2,515,780
11,958,859
 
 
 
18,450,556
Construction Materials - 0.0%
 
 
 
TCC Group Holdings Co Ltd
 
3,314,612
2,483,012
Metals & Mining - 0.0%
 
 
 
China Steel Corp
 
6,167,426
3,610,078
TOTAL MATERIALS
 
 
24,543,646
TOTAL TAIWAN
 
 
1,653,314,650
THAILAND - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
True Corp PCL
 
2,315,130
994,953
True Corp PCL depository receipt
 
3,197,571
1,374,192
 
 
 
2,369,145
Wireless Telecommunication Services - 0.0%
 
 
 
Advanced Info Service PCL
 
213,700
2,426,122
Advanced Info Service PCL depository receipt
 
297,200
3,374,092
 
 
 
5,800,214
TOTAL COMMUNICATION SERVICES
 
 
8,169,359
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Minor International PCL
 
921,098
648,462
Minor International PCL depository receipt
 
634,300
446,553
TOTAL CONSUMER DISCRETIONARY
 
 
1,095,015
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
CP ALL PCL
 
1,064,300
1,525,092
CP ALL PCL depository receipt
 
1,690,000
2,421,692
 
 
 
3,946,784
Food Products - 0.0%
 
 
 
Charoen Pokphand Foods PCL
 
706,700
474,069
Charoen Pokphand Foods PCL depository receipt
 
1,146,100
768,829
 
 
 
1,242,898
TOTAL CONSUMER STAPLES
 
 
5,189,682
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
PTT Exploration & Production PCL
 
281,144
1,258,462
PTT Exploration & Production PCL depository receipt
 
357,200
1,598,907
PTT PCL
 
2,584,300
2,977,540
PTT PCL depository receipt
 
2,674,600
3,081,580
TOTAL ENERGY
 
 
8,916,489
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Kasikornbank PCL depository receipt
 
306,800
2,237,266
Krung Thai Bank PCL
 
750,755
991,225
Krung Thai Bank PCL depository receipt
 
1,057,300
1,395,959
SCB X PCL
 
94,050
429,897
SCB X PCL depository receipt
 
361,300
1,651,483
TMBThanachart Bank PCL depository receipt
 
13,275,100
1,212,726
TOTAL FINANCIALS
 
 
7,918,556
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Bangkok Dusit Medical Services PCL
 
2,030,000
1,165,272
Bangkok Dusit Medical Services PCL depository receipt
 
3,619,900
2,077,915
Bumrungrad Hospital Pcl
 
104,400
585,007
Bumrungrad Hospital Pcl depository receipt
 
192,000
1,075,875
TOTAL HEALTH CARE
 
 
4,904,069
Industrials - 0.0%
 
 
 
Transportation Infrastructure - 0.0%
 
 
 
Airports of Thailand PCL
 
831,400
1,578,128
Airports of Thailand PCL depository receipt
 
1,242,700
2,358,842
TOTAL INDUSTRIALS
 
 
3,936,970
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
Delta Electronics Thailand PCL depository receipt
 
1,648,900
13,493,903
Materials - 0.0%
 
 
 
Construction Materials - 0.0%
 
 
 
Siam Cement PCL/The
 
135,700
1,029,257
Siam Cement PCL/The depository receipt
 
253,400
1,921,989
TOTAL MATERIALS
 
 
2,951,246
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Central Pattana PCL
 
452,800
931,257
Central Pattana PCL depository receipt
 
593,000
1,219,601
TOTAL REAL ESTATE
 
 
2,150,858
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Gulf Development PCL
 
553,694
1,103,147
Gulf Development PCL depository receipt
 
1,407,258
2,803,738
TOTAL UTILITIES
 
 
3,906,885
TOTAL THAILAND
 
 
62,633,032
TURKEY - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Turkcell Iletisim Hizmetleri AS
 
581,951
1,224,064
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
BIM Birlesik Magazalar AS
 
469,416
3,855,101
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Turkiye Petrol Rafinerileri AS
 
510,092
3,169,373
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Akbank TAS
 
1,660,161
2,215,004
Haci Omer Sabanci Holding AS
 
598,323
1,063,965
Turkiye Is Bankasi AS Class C
 
4,440,659
1,165,330
Yapi ve Kredi Bankasi AS (b)
 
1,733,225
1,194,906
TOTAL FINANCIALS
 
 
5,639,205
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Aselsan Elektronik Sanayi Ve Ticaret AS
 
607,335
4,374,282
Industrial Conglomerates - 0.0%
 
 
 
KOC Holding AS
 
368,399
1,526,508
Passenger Airlines - 0.0%
 
 
 
Turk Hava Yollari AO
 
281,873
1,862,594
TOTAL INDUSTRIALS
 
 
7,763,384
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Eregli Demir ve Celik Fabrikalari TAS
 
1,803,706
1,614,724
TOTAL TURKEY
 
 
23,265,851
UNITED ARAB EMIRATES - 0.4%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Emirates Telecommunications Group Co PJSC
 
1,845,051
10,227,400
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Abu Dhabi National Oil Co for Distribution PJSC
 
1,527,399
1,663,379
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
ADNOC Drilling Co PJSC
 
1,371,723
2,173,544
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Adnoc Gas PLC
 
3,681,666
3,307,786
ADNOC Logistics & Services
 
853,083
1,439,999
 
 
 
4,747,785
TOTAL ENERGY
 
 
6,921,329
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Abu Dhabi Commercial Bank PJSC
 
1,683,809
6,876,432
Abu Dhabi Islamic Bank PJSC
 
780,538
4,509,397
Dubai Islamic Bank PJSC
 
1,533,927
3,036,115
Emirates NBD Bank PJSC
 
993,962
8,172,516
First Abu Dhabi Bank PJSC
 
2,344,923
12,385,382
TOTAL FINANCIALS
 
 
34,979,842
Industrials - 0.0%
 
 
 
Passenger Airlines - 0.0%
 
 
 
Air Arabia PJSC
 
1,229,462
1,640,175
Transportation Infrastructure - 0.0%
 
 
 
Salik Co PJSC
 
954,757
1,382,877
TOTAL INDUSTRIALS
 
 
3,023,052
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Aldar Properties PJSC
 
2,061,818
4,170,789
Emaar Development PJSC
 
438,316
1,546,576
Emaar Properties PJSC
 
3,288,417
9,848,241
TOTAL REAL ESTATE
 
 
15,565,606
Utilities - 0.0%
 
 
 
Multi-Utilities - 0.0%
 
 
 
Dubai Electricity & Water Authority PJSC
 
3,206,679
2,392,132
TOTAL UNITED ARAB EMIRATES
 
 
74,772,740
UNITED KINGDOM - 6.6%
 
 
 
Communication Services - 0.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
BT Group PLC
 
3,038,832
8,244,414
Media - 0.0%
 
 
 
Informa PLC
 
676,512
8,076,450
Wireless Telecommunication Services - 0.2%
 
 
 
Vodafone Group PLC
 
9,755,612
15,482,061
TOTAL COMMUNICATION SERVICES
 
 
31,802,925
Consumer Discretionary - 0.2%
 
 
 
Broadline Retail - 0.1%
 
 
 
Next PLC
 
60,768
12,158,066
Diversified Consumer Services - 0.0%
 
 
 
Pearson PLC
 
252,396
4,259,094
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Compass Group PLC
 
898,962
28,506,085
Specialty Retail - 0.0%
 
 
 
Kingfisher PLC
 
890,632
3,715,663
TOTAL CONSUMER DISCRETIONARY
 
 
48,638,908
Consumer Staples - 1.3%
 
 
 
Beverages - 0.2%
 
 
 
Coca-Cola Europacific Partners PLC
 
106,121
11,616,005
Diageo PLC
 
1,176,959
25,855,829
 
 
 
37,471,834
Consumer Staples Distribution & Retail - 0.2%
 
 
 
J Sainsbury PLC
 
897,221
4,345,971
Marks & Spencer Group PLC
 
1,098,576
6,005,226
Tesco PLC
 
3,374,735
22,213,042
 
 
 
32,564,239
Food Products - 0.0%
 
 
 
Associated British Foods PLC
 
150,448
4,226,762
Household Products - 0.1%
 
 
 
Reckitt Benckiser Group PLC
 
339,097
23,932,579
Personal Care Products - 0.4%
 
 
 
Unilever PLC
 
1,154,541
73,460,656
Tobacco - 0.4%
 
 
 
British American Tobacco PLC
 
1,060,970
64,359,442
Imperial Brands PLC
 
391,988
14,876,289
 
 
 
79,235,731
TOTAL CONSUMER STAPLES
 
 
250,891,801
Financials - 2.3%
 
 
 
Banks - 1.8%
 
 
 
Barclays PLC
 
7,230,377
49,698,255
HSBC Holdings PLC
 
9,077,335
193,304,671
Lloyds Banking Group PLC
 
30,942,463
47,825,196
NatWest Group PLC
 
4,217,684
39,783,858
Standard Chartered PLC
 
940,776
27,816,496
 
 
 
358,428,476
Capital Markets - 0.3%
 
 
 
3i Group PLC
 
514,575
19,809,999
London Stock Exchange Group PLC
 
235,622
26,505,711
Schroders PLC
 
422,946
3,354,600
 
 
 
49,670,310
Financial Services - 0.0%
 
 
 
M&G PLC
 
1,194,012
5,752,996
Wise Group PLC Class A (United Kingdom)
 
382,306
4,563,080
 
 
 
10,316,076
Insurance - 0.2%
 
 
 
Admiral Group PLC
 
137,914
7,011,152
Aviva PLC
 
1,603,206
15,004,731
Legal & General Group PLC
 
2,775,746
11,237,999
Standard Life PLC
 
371,477
4,621,074
 
 
 
37,874,956
TOTAL FINANCIALS
 
 
456,289,818
Health Care - 1.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Smith & Nephew PLC
 
406,705
6,362,071
Pharmaceuticals - 1.0%
 
 
 
Astrazeneca PLC
 
799,022
136,031,722
GSK PLC
 
2,143,162
55,728,346
 
 
 
191,760,068
TOTAL HEALTH CARE
 
 
198,122,139
Industrials - 1.1%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
BAE Systems PLC
 
1,547,749
43,815,742
Melrose Industries PLC
 
655,544
4,013,783
Rolls-Royce Holdings PLC
 
4,437,493
88,526,470
 
 
 
136,355,995
Commercial Services & Supplies - 0.0%
 
 
 
Rentokil Initial PLC
 
1,337,168
6,158,003
Verisure PLC (b)
 
120,570
1,497,410
 
 
 
7,655,413
Industrial Conglomerates - 0.1%
 
 
 
CK Hutchison Holdings Ltd
 
1,416,893
13,275,268
Smiths Group PLC
 
161,287
5,743,036
 
 
 
19,018,304
Machinery - 0.0%
 
 
 
Spirax Group PLC
 
38,498
3,603,460
Passenger Airlines - 0.0%
 
 
 
International Consolidated Airlines Group SA (Spain)
 
611,737
3,565,216
Professional Services - 0.2%
 
 
 
Intertek Group PLC
 
81,615
6,423,802
RELX PLC
 
944,204
33,209,504
 
 
 
39,633,306
Trading Companies & Distributors - 0.0%
 
 
 
Bunzl PLC
 
171,764
6,486,488
TOTAL INDUSTRIALS
 
 
216,318,182
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Halma PLC
 
196,266
9,337,468
Software - 0.0%
 
 
 
Sage Group PLC/The
 
492,861
6,464,514
TOTAL INFORMATION TECHNOLOGY
 
 
15,801,982
Real Estate - 0.0%
 
 
 
Diversified REITs - 0.0%
 
 
 
Land Securities Group PLC
 
402,263
3,831,528
Industrial REITs - 0.0%
 
 
 
Segro PLC
 
645,258
8,392,088
TOTAL REAL ESTATE
 
 
12,223,616
Utilities - 0.4%
 
 
 
Electric Utilities - 0.1%
 
 
 
SSE PLC
 
641,125
20,255,342
Multi-Utilities - 0.2%
 
 
 
Centrica PLC
 
2,420,590
5,056,643
National Grid PLC
 
2,624,005
41,999,439
 
 
 
47,056,082
Water Utilities - 0.1%
 
 
 
Severn Trent PLC
 
141,728
5,764,800
United Utilities Group PLC
 
392,027
7,307,141
 
 
 
13,071,941
TOTAL UTILITIES
 
 
80,383,365
TOTAL UNITED KINGDOM
 
 
1,310,472,736
UNITED STATES - 4.6%
 
 
 
Communication Services - 0.2%
 
 
 
Entertainment - 0.2%
 
 
 
Spotify Technology SA (b)
 
77,557
38,773,847
Consumer Discretionary - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Stellantis NV (Italy) (b)
 
1,075,766
6,155,458
Hotels, Restaurants & Leisure - 0.1%
 
 
 
InterContinental Hotels Group PLC
 
75,479
12,129,475
TOTAL CONSUMER DISCRETIONARY
 
 
18,284,933
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
JBS NV Class A
 
169,748
2,379,867
Energy - 1.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Tenaris SA
 
168,875
4,844,961
Oil, Gas & Consumable Fuels - 1.0%
 
 
 
BP PLC
 
8,298,422
62,347,415
Shell PLC
 
2,966,550
135,784,054
 
 
 
198,131,469
TOTAL ENERGY
 
 
202,976,430
Financials - 0.2%
 
 
 
Insurance - 0.2%
 
 
 
Aegon Ltd
 
647,441
6,152,895
Swiss Re AG
 
158,003
26,355,006
TOTAL FINANCIALS
 
 
32,507,901
Health Care - 2.2%
 
 
 
Biotechnology - 0.1%
 
 
 
BeOne Medicines Ltd H Shares (b)
 
421,971
10,438,434
Legend Biotech Corp ADR (b)
 
36,515
677,353
 
 
 
11,115,787
Health Care Equipment & Supplies - 0.1%
 
 
 
Alcon AG
 
264,259
18,102,126
Life Sciences Tools & Services - 0.0%
 
 
 
QIAGEN NV (Germany)
 
109,862
4,525,272
Pharmaceuticals - 2.0%
 
 
 
Haleon PLC
 
4,707,860
23,047,613
Novartis AG
 
967,087
151,244,569
Roche Holding AG
 
370,521
162,058,539
Roche Holding AG bearer shares
 
16,094
7,138,733
Sanofi SA
 
576,461
49,640,027
 
 
 
393,129,481
TOTAL HEALTH CARE
 
 
426,872,666
Industrials - 0.8%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
GFL Environmental Inc Subordinate Voting Shares
 
130,221
5,377,532
Construction & Engineering - 0.1%
 
 
 
Ferrovial NV
 
250,689
16,402,514
Electrical Equipment - 0.5%
 
 
 
Schneider Electric SE
 
289,886
97,397,524
Marine Transportation - 0.0%
 
 
 
AP Moller - Maersk A/S Series A
 
1,355
3,532,783
AP Moller - Maersk A/S Series B
 
1,706
4,580,829
 
 
 
8,113,612
Professional Services - 0.1%
 
 
 
Experian PLC
 
477,298
18,008,318
Trading Companies & Distributors - 0.1%
 
 
 
Sunbelt Rentals Holdings Inc (United Kingdom)
 
217,578
15,518,300
TOTAL INDUSTRIALS
 
 
160,817,800
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Octave Intelligence PLC depository receipt
 
113,072
2,026,989
Materials - 0.1%
 
 
 
Construction Materials - 0.1%
 
 
 
Buzzi SpA
 
40,624
1,925,821
Holcim AG
 
269,631
24,489,016
 
 
 
26,414,837
Metals & Mining - 0.0%
 
 
 
Aura Minerals Inc (e)
 
17,528
956,503
TOTAL MATERIALS
 
 
27,371,340
TOTAL UNITED STATES
 
 
912,011,773
ZAMBIA - 0.1%
 
 
 
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
First Quantum Minerals Ltd (b)
 
364,710
10,109,948
 
TOTAL COMMON STOCKS
 (Cost $12,552,940,948)
 
 
 
19,338,509,797
 
 
 
 
Non-Convertible Preferred Stocks - 0.5%
 
 
Shares
Value ($)
 
COLOMBIA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Grupo Cibest SA non-voting shares
 
235,332
5,556,933
FRANCE - 0.1%
 
 
 
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Air Liquide SA
 
78,160
15,398,187
GERMANY - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Dr Ing hc F Porsche AG (c)
 
57,408
2,810,489
Porsche Automobil Holding SE
 
80,376
2,667,769
Volkswagen AG non-voting shares
 
109,166
9,434,347
TOTAL CONSUMER DISCRETIONARY
 
 
14,912,605
Consumer Staples - 0.0%
 
 
 
Household Products - 0.0%
 
 
 
Henkel AG & Co KGaA non-voting shares
 
79,904
6,967,725
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Sartorius AG
 
13,228
3,325,343
TOTAL GERMANY
 
 
25,205,673
KOREA (SOUTH) - 0.3%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Hyundai Motor Co non-voting shares
 
11,318
1,529,755
Hyundai Motor Co Series 2
 
18,403
2,504,748
TOTAL CONSUMER DISCRETIONARY
 
 
4,034,503
Information Technology - 0.3%
 
 
 
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Samsung Electronics Co Ltd non-voting shares
 
426,667
52,975,574
TOTAL KOREA (SOUTH)
 
 
57,010,077
RUSSIA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Surgutneftegas PAO (b)(f)
 
2,913,333
0
 
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
 (Cost $68,512,262)
 
 
 
103,170,870
 
 
 
 
U.S. Treasury Obligations - 0.1%
 
 
Yield (%) (g)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 8/13/2026 (h)
 (Cost $18,082,212)
 
3.64
18,104,000
18,085,871
 
 
 
 
 
Money Market Funds - 1.4%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (i)
 
3.69
204,303,443
204,344,304
Fidelity Securities Lending Cash Central Fund (i)(j)
 
3.72
72,628,121
72,635,384
 
TOTAL MONEY MARKET FUNDS
 (Cost $276,978,236)
 
 
 
276,979,688
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.1%
 (Cost $12,916,513,658)
 
 
 
19,736,746,226
NET OTHER ASSETS (LIABILITIES) - (0.1)%  
(11,045,045)
NET ASSETS - 100.0%
19,725,701,181
 
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
ICE MSCI EAFE Index Contracts (United States)
1,047
9/2026
166,593,405
2,683,346
ICE MSCI Emerging Markets Index Contracts (United States)
1,101
9/2026
90,408,615
(2,025,584)
TME S&P/TSX 60 Index Contracts (Canada)
79
9/2026
23,494,026
270,812
TOTAL LONG
 
 
 
928,574

Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
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 $356,051,263 or 1.8% of net assets.
 
(d)
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 $342,676,118 or 1.7% of net assets.
 
(e)
Security or a portion of the security is on loan at period end.
 
(f)
Level 3 security.
 
(g)
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.
 
(h)
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 $12,576,394.
 
(i)
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.
 
(j)
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 $90,193,659.
 
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
306,158,146
2,353,133,080
2,454,934,888
9,098,830
(13,485)
1,451
204,344,304
204,303,443
Fidelity Securities Lending Cash Central Fund
79,513,881
549,271,229
556,147,894
1,709,071
(1,832)
-
72,635,384
72,628,121
 
385,672,027
2,902,404,309
3,011,082,782
10,807,901
(15,317)
1,451
276,979,688
 
 
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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