Vanguard® International High Dividend Yield Index Fund
Schedule of Investments (unaudited)
As of January 31, 2024
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | ||
Common Stocks (98.2%) | |||
Australia (7.9%) | |||
BHP Group Ltd. | 3,212,278 | 98,276 | |
Commonwealth Bank of Australia | 1,076,272 | 82,070 | |
National Australia Bank Ltd. | 2,001,334 | 42,209 | |
Westpac Banking Corp. | 2,226,067 | 34,922 | |
ANZ Group Holdings Ltd. | 1,915,623 | 33,800 | |
Macquarie Group Ltd. | 231,996 | 28,626 | |
Wesfarmers Ltd. | 722,096 | 27,336 | |
Woodside Energy Group Ltd. | 1,206,094 | 25,227 | |
Rio Tinto Ltd. | 236,216 | 20,326 | |
Fortescue Ltd. | 1,015,817 | 19,632 | |
Transurban Group | 1,957,482 | 17,197 | |
Santos Ltd. | 2,087,036 | 10,548 | |
QBE Insurance Group Ltd. | 954,472 | 9,828 | |
Amcor plc GDR | 928,532 | 8,809 | |
Coles Group Ltd. | 829,312 | 8,606 | |
Brambles Ltd. | 893,033 | 8,515 | |
Suncorp Group Ltd. | 808,470 | 7,442 | |
Telstra Group Ltd. | 2,590,760 | 6,833 | |
Computershare Ltd. (XASX) | 381,422 | 6,317 | |
South32 Ltd. | 2,894,267 | 6,267 | |
Insurance Australia Group Ltd. | 1,574,834 | 6,182 | |
Origin Energy Ltd. | 1,094,635 | 6,109 | |
Sonic Healthcare Ltd. | 283,936 | 5,920 | |
ASX Ltd. | 122,500 | 5,237 | |
Lottery Corp. Ltd. | 1,404,447 | 4,610 | |
APA Group | 815,461 | 4,510 | |
Medibank Pvt Ltd. | 1,766,468 | 4,423 | |
Mineral Resources Ltd. | 109,008 | 4,204 | |
Ampol Ltd. | 154,224 | 3,648 | |
Endeavour Group Ltd. | 868,815 | 3,180 | |
Aurizon Holdings Ltd. | 1,120,086 | 2,761 | |
JB Hi-Fi Ltd. | 72,723 | 2,705 | |
Atlas Arteria Ltd. | 719,622 | 2,537 | |
Whitehaven Coal Ltd. | 444,615 | 2,431 | |
Worley Ltd. | 242,536 | 2,329 | |
Bendigo & Adelaide Bank Ltd. | 356,519 | 2,278 | |
Incitec Pivot Ltd. | 1,233,955 | 2,155 | |
AGL Energy Ltd. | 379,410 | 2,143 | |
Bank of Queensland Ltd. | 403,138 | 1,583 | |
Orora Ltd. | 869,080 | 1,580 | |
Metcash Ltd. | 622,118 | 1,476 | |
CSR Ltd. | 314,526 | 1,416 |
Shares | Market Value ($000) | ||
Beach Energy Ltd. | 1,181,647 | 1,268 | |
* | Alumina Ltd. | 1,617,601 | 1,217 |
Perpetual Ltd. | 71,653 | 1,206 | |
Challenger Ltd. | 283,263 | 1,202 | |
New Hope Corp. Ltd. | 334,185 | 1,169 | |
Downer EDI Ltd. | 420,778 | 1,146 | |
AMP Ltd. | 1,770,946 | 1,074 | |
Harvey Norman Holdings Ltd. | 366,523 | 1,053 | |
Deterra Royalties Ltd. | 266,522 | 960 | |
Yancoal Australia Ltd. | 208,742 | 814 | |
TPG Telecom Ltd. | 230,509 | 793 | |
Insignia Financial Ltd. | 421,037 | 585 | |
* | Adbri Ltd. | 290,625 | 578 |
Magellan Financial Group Ltd. | 86,462 | 507 | |
Platinum Asset Management Ltd. | 301,846 | 231 | |
590,006 | |||
Austria (0.3%) | |||
Erste Group Bank AG | 195,049 | 8,402 | |
OMV AG | 91,955 | 4,093 | |
Verbund AG | 42,088 | 3,423 | |
ANDRITZ AG | 44,975 | 2,769 | |
voestalpine AG | 71,037 | 2,114 | |
Telekom Austria AG | 80,791 | 703 | |
* | Eurotelesites AG | 19,840 | 83 |
21,587 | |||
Belgium (0.3%) | |||
KBC Group NV | 157,480 | 10,273 | |
Ageas SA | 105,762 | 4,545 | |
Groupe Bruxelles Lambert NV | 54,743 | 4,150 | |
* | Syensqo SA | 44,851 | 3,998 |
Solvay SA | 43,921 | 1,201 | |
24,167 | |||
Brazil (1.9%) | |||
Vale SA | 2,426,888 | 33,192 | |
Petroleo Brasileiro SA | 2,372,200 | 20,186 | |
B3 SA - Brasil Bolsa Balcao | 3,678,314 | 9,718 | |
Ambev SA | 2,775,250 | 7,327 | |
Centrais Eletricas Brasileiras SA | 830,882 | 6,844 | |
Banco Do Brasil SA | 547,218 | 6,235 | |
Banco BTG Pactual SA | 838,300 | 6,095 | |
JBS SA | 855,300 | 4,045 | |
Vibra Energia SA | 703,567 | 3,373 | |
Ultrapar Participacoes SA | 528,300 | 3,004 | |
Itau Unibanco Holding SA ADR | 448,683 | 2,961 | |
BB Seguridade Participacoes SA | 425,557 | 2,942 | |
Cosan SA | 770,200 | 2,840 | |
Banco Bradesco SA | 922,646 | 2,548 | |
Itau Unibanco Holding SA | 446,000 | 2,511 | |
Klabin SA | 478,700 | 2,057 | |
Lojas Renner SA | 613,700 | 1,988 | |
Telefonica Brasil SA | 188,718 | 1,956 | |
CCR SA | 717,610 | 1,900 | |
TIM SA | 505,454 | 1,769 | |
Hypera SA | 252,882 | 1,620 | |
Energisa SA | 156,600 | 1,600 | |
Cia Siderurgica Nacional SA | 381,400 | 1,365 | |
Banco Santander Brasil SA | 229,002 | 1,324 |
Shares | Market Value ($000) | ||
Banco Bradesco SA ADR | 379,134 | 1,175 | |
Transmissora Alianca de Energia Eletrica SA | 141,619 | 1,054 | |
Telefonica Brasil SA ADR | 87,513 | 903 | |
CPFL Energia SA | 118,100 | 864 | |
Engie Brasil Energia SA | 104,616 | 857 | |
Caixa Seguridade Participacoes SA | 284,800 | 812 | |
Cia Energetica de Minas Gerais ADR | 329,795 | 752 | |
Cielo SA | 727,700 | 730 | |
Porto Seguro SA | 113,418 | 611 | |
Neoenergia SA | 145,600 | 600 | |
Sao Martinho SA | 96,600 | 550 | |
SLC Agricola SA | 127,520 | 492 | |
CSN Mineracao SA | 327,300 | 449 | |
Dexco SA | 213,510 | 334 | |
Usinas Siderurgicas de Minas Gerais SA Usiminas | 113,900 | 200 | |
Cia Energetica de Minas Gerais | 25,600 | 77 | |
Cia Paranaense de Energia | 20,292 | 37 | |
Ambev SA ADR | 348 | 1 | |
139,898 | |||
Canada (7.5%) | |||
Royal Bank of Canada | 898,013 | 87,640 | |
Toronto-Dominion Bank | 1,160,252 | 70,481 | |
Enbridge Inc. | 1,351,228 | 47,981 | |
Canadian Natural Resources Ltd. | 681,955 | 43,643 | |
Bank of Montreal | 459,639 | 43,296 | |
Bank of Nova Scotia | 768,573 | 35,940 | |
Suncor Energy Inc. | 827,008 | 27,385 | |
Canadian Imperial Bank of Commerce | 576,358 | 26,047 | |
TC Energy Corp. | 657,016 | 25,920 | |
Manulife Financial Corp. | 1,156,935 | 25,575 | |
Sun Life Financial Inc. | 374,365 | 19,405 | |
National Bank of Canada | 214,444 | 16,402 | |
Restaurant Brands International Inc. | 196,111 | 15,309 | |
Fortis Inc. (XTSE) | 310,906 | 12,474 | |
Pembina Pipeline Corp. | 356,139 | 12,267 | |
Power Corp. of Canada | 336,218 | 9,801 | |
BCE Inc. | 193,787 | 7,819 | |
Brookfield Asset Management Ltd. Class A | 172,187 | 6,924 | |
1 | Hydro One Ltd. | 200,490 | 5,950 |
Great-West Lifeco Inc. | 173,274 | 5,784 | |
TELUS Corp. | 306,945 | 5,498 | |
2 | Canadian Tire Corp. Ltd. Class A | 33,162 | 3,525 |
IGM Financial Inc. | 50,171 | 1,357 | |
556,423 | |||
Chile (0.2%) | |||
Banco De Chile | 27,588,323 | 3,088 | |
Empresas COPEC SA | 307,775 | 1,956 | |
Cencosud SA | 836,428 | 1,454 | |
Empresas CMPC SA | 786,309 | 1,281 | |
Enel Americas SA | 12,536,657 | 1,270 | |
Banco de Credito e Inversiones SA | 39,520 | 1,047 | |
Banco Santander Chile | 21,369,516 | 987 | |
Enel Chile SA | 15,721,678 | 943 | |
Banco Santander Chile ADR | 40,730 | 745 | |
Colbun SA | 4,584,191 | 650 | |
Cia Cervecerias Unidas SA | 83,046 | 503 | |
Cencosud Shopping SA | 297,617 | 496 |
Shares | Market Value ($000) | ||
Banco Itau Chile SA | 43,162 | 405 | |
14,825 | |||
China (4.5%) | |||
China Construction Bank Corp. Class H | 59,477,000 | 35,321 | |
Industrial & Commercial Bank of China Ltd. Class H | 50,260,000 | 24,483 | |
Bank of China Ltd. Class H | 50,634,000 | 19,001 | |
Ping An Insurance Group Co. of China Ltd. Class H | 3,984,500 | 16,749 | |
PetroChina Co. Ltd. Class H | 13,380,000 | 9,679 | |
China Merchants Bank Co. Ltd. Class H | 2,443,938 | 8,909 | |
China Shenhua Energy Co. Ltd. Class H | 2,211,000 | 8,388 | |
China Petroleum & Chemical Corp. Class H | 15,762,000 | 8,199 | |
Agricultural Bank of China Ltd. Class H | 19,324,000 | 7,482 | |
China Life Insurance Co. Ltd. Class H | 4,708,000 | 5,428 | |
PICC Property & Casualty Co. Ltd. Class H | 4,290,000 | 5,336 | |
China Resources Land Ltd. | 1,745,000 | 5,298 | |
CITIC Ltd. | 4,077,000 | 3,935 | |
China Merchants Bank Co. Ltd. Class A | 903,842 | 3,873 | |
China Yangtze Power Co. Ltd. Class A | 1,123,400 | 3,821 | |
China Overseas Land & Investment Ltd. | 2,424,700 | 3,668 | |
1 | Postal Savings Bank of China Co. Ltd. Class H | 6,933,000 | 3,334 |
1 | China Tower Corp. Ltd. Class H | 29,732,000 | 3,307 |
China Pacific Insurance Group Co. Ltd. Class H | 1,668,400 | 3,070 | |
China CITIC Bank Corp. Ltd. Class H | 5,861,620 | 2,905 | |
CITIC Securities Co. Ltd. Class H | 1,452,257 | 2,834 | |
Ping An Insurance Group Co. of China Ltd. Class A | 490,300 | 2,774 | |
Bank of Communications Co. Ltd. Class H | 4,551,000 | 2,692 | |
Yankuang Energy Group Co. Ltd. Class H | 1,285,000 | 2,640 | |
Industrial & Commercial Bank of China Ltd. Class A | 3,507,100 | 2,526 | |
China Resources Power Holdings Co. Ltd. | 1,227,000 | 2,482 | |
Agricultural Bank of China Ltd. Class A | 4,555,556 | 2,469 | |
Bank of China Ltd. Class A | 3,626,200 | 2,183 | |
Kunlun Energy Co. Ltd. | 2,350,000 | 2,105 | |
Sinopharm Group Co. Ltd. Class H | 794,800 | 2,090 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,621,000 | 2,024 | |
COSCO SHIPPING Holdings Co. Ltd. Class H | 1,884,000 | 1,979 | |
Industrial Bank Co. Ltd. Class A | 900,900 | 1,976 | |
1 | CGN Power Co. Ltd. Class H | 7,042,000 | 1,973 |
1 | Fuyao Glass Industry Group Co. Ltd. Class H | 388,400 | 1,756 |
Anhui Conch Cement Co. Ltd. Class H | 875,328 | 1,753 | |
People's Insurance Co. Group of China Ltd. Class H | 5,549,000 | 1,725 | |
China Gas Holdings Ltd. | 1,845,600 | 1,683 | |
China Coal Energy Co. Ltd. Class H | 1,521,000 | 1,670 | |
China Resources Gas Group Ltd. | 572,800 | 1,624 | |
China Shenhua Energy Co. Ltd. Class A | 304,600 | 1,579 | |
Want Want China Holdings Ltd. | 2,692,000 | 1,482 | |
Great Wall Motor Co. Ltd. Class H | 1,480,000 | 1,457 | |
Bank of Communications Co. Ltd. Class A | 1,733,800 | 1,451 | |
Shaanxi Coal Industry Co. Ltd. Class A | 423,400 | 1,429 | |
1 | Longfor Group Holdings Ltd. | 1,274,620 | 1,413 |
Hengan International Group Co. Ltd. | 451,343 | 1,398 | |
China Minsheng Banking Corp. Ltd. Class H | 4,196,470 | 1,396 | |
China Petroleum & Chemical Corp. Class A | 1,614,000 | 1,342 | |
China State Construction Engineering Corp. Ltd. Class A | 1,847,100 | 1,325 | |
PetroChina Co. Ltd. Class A | 1,059,500 | 1,234 | |
Inner Mongolia Yitai Coal Co. Ltd. Class B | 650,200 | 1,230 | |
China Vanke Co. Ltd. Class H | 1,562,105 | 1,229 | |
China Railway Group Ltd. Class H | 2,662,000 | 1,217 | |
1 | Huatai Securities Co. Ltd. Class H | 1,028,800 | 1,214 |
Shares | Market Value ($000) | ||
CRRC Corp. Ltd. Class H | 2,609,000 | 1,213 | |
Tingyi Cayman Islands Holding Corp. | 1,213,000 | 1,208 | |
Shanghai Pudong Development Bank Co. Ltd. Class A | 1,268,000 | 1,207 | |
1 | China Feihe Ltd. | 2,581,000 | 1,182 |
China State Construction International Holdings Ltd. | 1,106,000 | 1,168 | |
1 | Topsports International Holdings Ltd. | 1,780,000 | 1,154 |
China Power International Development Ltd. | 3,073,370 | 1,150 | |
China Galaxy Securities Co. Ltd. Class H | 2,280,000 | 1,117 | |
Beijing Enterprises Holdings Ltd. | 304,000 | 1,100 | |
China Medical System Holdings Ltd. | 767,000 | 1,096 | |
Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 282,400 | 1,067 | |
Guangdong Investment Ltd. | 1,824,000 | 1,060 | |
China Hongqiao Group Ltd. | 1,444,000 | 1,059 | |
China Pacific Insurance Group Co. Ltd. Class A | 303,950 | 1,056 | |
Jiangxi Copper Co. Ltd. Class H | 754,000 | 1,054 | |
Haitong Securities Co. Ltd. Class H | 2,284,000 | 1,053 | |
Qifu Technology Inc. ADR | 73,272 | 1,051 | |
China National Building Material Co. Ltd. Class H | 2,924,000 | 1,031 | |
Foxconn Industrial Internet Co. Ltd. Class A | 550,000 | 1,018 | |
Bosideng International Holdings Ltd. | 2,220,000 | 1,004 | |
China Merchants Port Holdings Co. Ltd. | 788,000 | 974 | |
Sinotruk Hong Kong Ltd. | 415,260 | 943 | |
COSCO SHIPPING Holdings Co. Ltd. Class A | 658,700 | 913 | |
Far East Horizon Ltd. | 1,211,000 | 888 | |
Gree Electric Appliances Inc. of Zhuhai Class A | 178,700 | 879 | |
New China Life Insurance Co. Ltd. Class H | 488,433 | 872 | |
China National Nuclear Power Co. Ltd. Class A | 751,100 | 868 | |
Bank of Jiangsu Co. Ltd. Class A | 823,160 | 840 | |
Kingboard Holdings Ltd. | 468,500 | 834 | |
China Minsheng Banking Corp. Ltd. Class A | 1,495,840 | 823 | |
China Everbright Environment Group Ltd. | 2,297,000 | 801 | |
Jiangsu Expressway Co. Ltd. Class H | 828,000 | 791 | |
Guangzhou Automobile Group Co. Ltd. Class H | 1,996,000 | 789 | |
China Everbright Bank Co. Ltd. Class A | 1,793,900 | 788 | |
Shenzhen International Holdings Ltd. | 947,000 | 779 | |
China Taiping Insurance Holdings Co. Ltd. | 928,800 | 771 | |
China United Network Communications Ltd. Class A | 1,223,800 | 770 | |
GF Securities Co. Ltd. Class H | 754,400 | 759 | |
China Everbright Bank Co. Ltd. Class H | 2,550,000 | 757 | |
China Railway Group Ltd. Class A | 853,100 | 751 | |
Zhejiang Expressway Co. Ltd. Class H | 971,520 | 722 | |
Fosun International Ltd. | 1,376,500 | 722 | |
1 | Guotai Junan Securities Co. Ltd. Class H | 639,200 | 710 |
Baoshan Iron & Steel Co. Ltd. Class A | 822,100 | 705 | |
Daqin Railway Co. Ltd. Class A | 677,000 | 704 | |
SAIC Motor Corp. Ltd. Class A | 362,800 | 692 | |
Minth Group Ltd. | 426,000 | 691 | |
Poly Developments and Holdings Group Co. Ltd. Class A | 516,100 | 689 | |
Sinotrans Ltd. Class H | 1,613,000 | 673 | |
C&D International Investment Group Ltd. | 403,000 | 665 | |
Dongfeng Motor Group Co. Ltd. Class H | 1,720,000 | 664 | |
JOYY Inc. ADR | 21,416 | 657 | |
Yuexiu Property Co. Ltd. | 1,042,680 | 653 | |
China Communications Services Corp. Ltd. Class H | 1,576,000 | 649 | |
Postal Savings Bank of China Co. Ltd. Class A | 976,200 | 644 | |
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 448,400 | 634 | |
Bank of Beijing Co. Ltd. Class A | 892,600 | 634 | |
Huaxia Bank Co. Ltd. Class A | 732,800 | 618 |
Shares | Market Value ($000) | ||
Chongqing Rural Commercial Bank Co. Ltd. Class H | 1,585,000 | 616 | |
China Cinda Asset Management Co. Ltd. Class H | 6,258,200 | 600 | |
Beijing Enterprises Water Group Ltd. | 2,458,000 | 598 | |
Greentown China Holdings Ltd. | 782,000 | 589 | |
Bank of Shanghai Co. Ltd. Class A | 628,933 | 561 | |
Huadian Power International Corp. Ltd. Class H | 1,158,000 | 555 | |
Cosco Shipping Ports Ltd. | 902,000 | 552 | |
Henan Shuanghui Investment & Development Co. Ltd. Class A | 139,100 | 552 | |
Guotai Junan Securities Co. Ltd. Class A | 270,200 | 551 | |
Bank of Nanjing Co. Ltd. Class A | 454,600 | 526 | |
Yankuang Energy Group Co. Ltd. Class A | 160,496 | 511 | |
China Vanke Co. Ltd. Class A | 372,800 | 500 | |
Huatai Securities Co. Ltd. Class A | 259,000 | 497 | |
Chongqing Changan Automobile Co. Ltd. Class B | 961,516 | 491 | |
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 904,000 | 481 | |
Lao Feng Xiang Co. Ltd. Class B | 133,600 | 477 | |
1 | China Merchants Securities Co. Ltd. Class H | 637,360 | 476 |
Shougang Fushan Resources Group Ltd. | 1,202,164 | 475 | |
China Merchants Securities Co. Ltd. Class A | 248,700 | 464 | |
1 | China Railway Signal & Communication Corp. Ltd. Class H | 1,296,000 | 462 |
China Construction Bank Corp. Class A | 476,500 | 456 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 370,600 | 454 | |
Haitong Securities Co. Ltd. Class A | 368,100 | 451 | |
China CITIC Bank Corp. Ltd. Class A | 506,000 | 442 | |
Citic Pacific Special Steel Group Co. Ltd. Class A | 227,202 | 437 | |
TBEA Co. Ltd. Class A | 219,440 | 429 | |
GF Securities Co. Ltd. Class A | 222,500 | 425 | |
Sinopec Engineering Group Co. Ltd. Class H | 840,500 | 422 | |
Uni-President China Holdings Ltd. | 732,000 | 411 | |
Kingboard Laminates Holdings Ltd. | 679,500 | 408 | |
1 | CSC Financial Co. Ltd. Class H | 529,500 | 403 |
Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A | 122,100 | 403 | |
Sichuan Chuantou Energy Co. Ltd. Class A | 183,500 | 397 | |
Shanghai International Port Group Co. Ltd. Class A | 511,000 | 393 | |
Bank of Hangzhou Co. Ltd. Class A | 256,950 | 390 | |
Anhui Conch Cement Co. Ltd. Class A | 114,400 | 368 | |
Shanxi Coking Coal Energy Group Co. Ltd. Class A | 247,000 | 362 | |
New China Life Insurance Co. Ltd. Class A | 83,900 | 357 | |
Sichuan Road & Bridge Co. Ltd. Class A | 306,180 | 343 | |
China Suntien Green Energy Corp. Ltd. Class H | 989,000 | 342 | |
* | Sinopec Shanghai Petrochemical Co. Ltd. Class H | 2,466,720 | 334 |
1 | BAIC Motor Corp. Ltd. Class H | 1,246,500 | 332 |
Metallurgical Corp. of China Ltd. Class H | 1,692,000 | 331 | |
Huayu Automotive Systems Co. Ltd. Class A | 145,300 | 329 | |
* | Hopson Development Holdings Ltd. | 695,159 | 321 |
China Jinmao Holdings Group Ltd. | 3,988,800 | 318 | |
Maanshan Iron & Steel Co. Ltd. Class A | 856,200 | 315 | |
Shanghai Industrial Holdings Ltd. | 256,000 | 314 | |
China International Marine Containers Group Co. Ltd. Class H | 450,300 | 313 | |
Towngas Smart Energy Co. Ltd. | 821,185 | 304 | |
People's Insurance Co. Group of China Ltd. Class A | 410,000 | 292 | |
Shenzhen Expressway Corp. Ltd. Class H | 354,000 | 284 | |
China Everbright Ltd. | 554,000 | 284 | |
Guanghui Energy Co. Ltd. Class A | 289,700 | 284 | |
China Lesso Group Holdings Ltd. | 632,000 | 280 | |
Livzon Pharmaceutical Group Inc. Class H | 91,700 | 279 | |
Anhui Expressway Co. Ltd. Class H | 262,000 | 272 | |
Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 109,600 | 259 |
Shares | Market Value ($000) | ||
Henan Shenhuo Coal & Power Co. Ltd. Class A | 110,700 | 257 | |
1 | Legend Holdings Corp. Class H | 320,700 | 256 |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 684,862 | 255 | |
*,1 | China Bohai Bank Co. Ltd. Class H | 1,856,500 | 252 |
* | Hengli Petrochemical Co. Ltd. Class A | 152,100 | 249 |
Huaibei Mining Holdings Co. Ltd. Class A | 102,200 | 247 | |
Lufax Holding Ltd. ADR | 104,342 | 247 | |
1 | Shenwan Hongyuan Group Co. Ltd. Class H | 1,424,000 | 246 |
China Reinsurance Group Corp. Class H | 4,546,000 | 244 | |
China National Chemical Engineering Co. Ltd. Class A | 267,800 | 239 | |
Guosen Securities Co. Ltd. Class A | 204,100 | 229 | |
Shan Xi Hua Yang Group New Energy Co. Ltd. Class A | 169,750 | 229 | |
China Coal Energy Co. Ltd. Class A | 128,800 | 219 | |
Western Mining Co. Ltd. Class A | 109,300 | 217 | |
LB Group Co. Ltd. Class A | 94,400 | 212 | |
Lee & Man Paper Manufacturing Ltd. | 777,000 | 209 | |
China Resources Building Materials Technology Holdings Ltd. | 1,300,000 | 208 | |
Ningxia Baofeng Energy Group Co. Ltd. Class A | 112,100 | 208 | |
Hunan Valin Steel Co. Ltd. Class A | 266,900 | 203 | |
Shenzhen Investment Ltd. | 1,428,000 | 201 | |
1 | Orient Securities Co. Ltd. Class H | 515,200 | 201 |
Inner Mongolia Dian Tou Energy Corp. Ltd. Class A | 92,800 | 191 | |
Pingdingshan Tianan Coal Mining Co. Ltd. Class A | 112,200 | 180 | |
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 205,900 | 179 | |
Huadian Power International Corp. Ltd. Class A | 209,600 | 178 | |
Huaxin Cement Co. Ltd. Class H | 224,900 | 178 | |
Dongfang Electric Corp. Ltd. Class H | 205,000 | 176 | |
Beijing Jingneng Clean Energy Co. Ltd. Class H | 892,000 | 176 | |
Hubei Energy Group Co. Ltd. Class A | 284,700 | 172 | |
Zhejiang Supor Co. Ltd. Class A | 23,900 | 168 | |
China International Marine Containers Group Co. Ltd. Class A | 150,900 | 168 | |
1 | A-Living Smart City Services Co. Ltd. | 436,250 | 168 |
* | Jinke Smart Services Group Co. Ltd. Class H | 156,700 | 166 |
Bank of Changsha Co. Ltd. Class A | 161,300 | 161 | |
Bank of Guiyang Co. Ltd. Class A | 220,100 | 161 | |
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 108,848 | 160 | |
Shui On Land Ltd. | 1,737,000 | 156 | |
Goldwind Science & Technology Co. Ltd. | 428,200 | 156 | |
Livzon Pharmaceutical Group Inc. Class A | 33,000 | 156 | |
Shanghai Tunnel Engineering Co. Ltd. Class A | 187,800 | 155 | |
Jointown Pharmaceutical Group Co. Ltd. Class A | 157,701 | 153 | |
Sinoma International Engineering Co. Class A | 97,000 | 151 | |
Yantai Changyu Pioneer Wine Co. Ltd. Class B | 141,000 | 148 | |
Huafon Chemical Co. Ltd. Class A | 172,100 | 146 | |
Xiamen C & D Inc. Class A | 107,600 | 145 | |
Heilongjiang Agriculture Co. Ltd. Class A | 90,700 | 144 | |
Shanxi Taigang Stainless Steel Co. Ltd. Class A | 285,400 | 142 | |
Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 145,802 | 138 | |
Weifu High-Technology Group Co. Ltd. Class A | 59,700 | 134 | |
China South Publishing & Media Group Co. Ltd. Class A | 84,300 | 132 | |
* | Sinopec Shanghai Petrochemical Co. Ltd. Class A | 344,300 | 128 |
1 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 132,500 | 128 |
Shandong Hi-speed Co. Ltd. Class A | 119,200 | 127 | |
Luxi Chemical Group Co. Ltd. Class A | 98,200 | 126 | |
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 89,400 | 125 | |
1 | Everbright Securities Co. Ltd. Class H | 201,600 | 125 |
BBMG Corp. Class H | 1,583,000 | 124 |
Shares | Market Value ($000) | ||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 98,120 | 124 | |
* | Yanlord Land Group Ltd. | 318,400 | 123 |
Chengxin Lithium Group Co. Ltd. Class A | 43,400 | 123 | |
Nanjing Iron & Steel Co. Ltd. Class A | 234,000 | 121 | |
* | Beijing Shougang Co. Ltd. Class A | 270,100 | 120 |
Lao Feng Xiang Co. Ltd. Class A | 13,800 | 119 | |
China World Trade Center Co. Ltd. Class A | 48,600 | 116 | |
Jiangsu Expressway Co. Ltd. Class A | 71,100 | 113 | |
Chongqing Rural Commercial Bank Co. Ltd. Class A | 182,400 | 110 | |
* | Oriental Energy Co. Ltd. Class A | 81,500 | 110 |
Tangshan Jidong Cement Co. Ltd. Class A | 133,800 | 107 | |
Bank of Suzhou Co. Ltd. Class A | 107,200 | 106 | |
Shanghai Construction Group Co. Ltd. Class A | 324,300 | 105 | |
Tian Di Science & Technology Co. Ltd. Class A | 129,800 | 104 | |
YongXing Special Materials Technology Co. Ltd. Class A | 16,510 | 103 | |
Jizhong Energy Resources Co. Ltd. Class A | 95,600 | 101 | |
Chinese Universe Publishing and Media Group Co. Ltd. Class A | 48,800 | 101 | |
Hubei Xingfa Chemicals Group Co. Ltd. Class A | 43,600 | 99 | |
* | Hengyi Petrochemical Co. Ltd. Class A | 112,700 | 98 |
Anhui Expressway Co. Ltd. Class A | 55,300 | 96 | |
Huafa Industrial Co. Ltd. Zhuhai Class A | 101,800 | 95 | |
Keda Industrial Group Co. Ltd. Class A | 62,600 | 94 | |
Gemdale Corp. Class A | 165,900 | 93 | |
Angang Steel Co. Ltd. Class H | 554,000 | 91 | |
* | FAW Jiefang Group Co. Ltd. Class A | 82,700 | 90 |
Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 50,500 | 90 | |
Bank of Chengdu Co. Ltd. Class A | 51,000 | 89 | |
Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 233,700 | 89 | |
China Meidong Auto Holdings Ltd. | 250,000 | 88 | |
Guizhou Panjiang Refined Coal Co. Ltd. Class A | 104,800 | 87 | |
Xinxing Ductile Iron Pipes Co. Ltd. Class A | 167,900 | 86 | |
Chongqing Department Store Co. Ltd. Class A | 22,000 | 86 | |
CSG Holding Co. Ltd. Class A | 108,600 | 82 | |
China Railway Signal & Communication Corp. Ltd. Class A | 124,675 | 81 | |
Tangshan Sanyou Chemical Industries Co. Ltd. Class A | 111,200 | 78 | |
Huaxin Cement Co. Ltd. Class A | 39,900 | 73 | |
Universal Scientific Industrial Shanghai Co. Ltd. Class A | 40,900 | 73 | |
Angang Steel Co. Ltd. Class A | 210,700 | 71 | |
Shenzhen Gas Corp. Ltd. Class A | 79,800 | 71 | |
Shenzhen Expressway Corp. Ltd. Class A | 55,400 | 71 | |
Joyoung Co. Ltd. Class A | 47,500 | 70 | |
Xinjiang Tianshan Cement Co. Ltd. Class A | 75,500 | 70 | |
G-bits Network Technology Xiamen Co. Ltd. Class A | 2,700 | 68 | |
Maanshan Iron & Steel Co. Ltd. Class H | 432,000 | 65 | |
Sansteel Minguang Co. Ltd. Fujian Class A | 119,600 | 62 | |
Bluestar Adisseo Co. Class A | 57,900 | 60 | |
Tianshan Aluminum Group Co. Ltd. Class A | 78,600 | 57 | |
Weifu High-Technology Group Co. Ltd. Class B | 46,400 | 55 | |
Zhuzhou Kibing Group Co. Ltd. Class A | 60,300 | 49 | |
Sichuan Yahua Industrial Group Co. Ltd. Class A | 30,100 | 41 | |
Bank of Qingdao Co. Ltd. Class A | 84,450 | 37 | |
Chongqing Water Group Co. Ltd. Class A | 39,200 | 32 | |
North Huajin Chemical Industries Co. Ltd. Class A | 33,200 | 23 | |
Shanghai AJ Group Co. Ltd. Class A | 35,400 | 23 | |
Zhejiang Runtu Co. Ltd. Class A | 27,500 | 22 | |
Shenzhen Jinjia Group Co. Ltd. Class A | 29,400 | 19 | |
Zhejiang Semir Garment Co. Ltd. Class A | 24,400 | 18 | |
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 15,400 | 15 |
Shares | Market Value ($000) | ||
Metallurgical Corp. of China Ltd. Class A | 15,100 | 7 | |
335,395 | |||
Colombia (0.1%) | |||
Bancolombia SA ADR | 70,485 | 2,217 | |
2 | Ecopetrol SA ADR | 142,638 | 1,716 |
Bancolombia SA | 178,952 | 1,506 | |
Interconexion Electrica SA ESP | 275,906 | 1,195 | |
Ecopetrol SA | 137,413 | 82 | |
6,716 | |||
Czech Republic (0.1%) | |||
CEZ A/S | 99,768 | 3,780 | |
Komercni banka A/S | 49,330 | 1,618 | |
1 | Moneta Money Bank A/S | 230,350 | 991 |
6,389 | |||
Denmark (0.1%) | |||
Tryg A/S | 222,347 | 4,752 | |
Egypt (0.0%) | |||
Telecom Egypt Co. | 171,834 | 203 | |
Finland (1.2%) | |||
Nordea Bank Abp (XHEL) | 2,177,158 | 26,828 | |
UPM-Kymmene OYJ | 338,947 | 12,328 | |
Sampo OYJ Class A | 284,004 | 11,887 | |
Kone OYJ Class B | 207,198 | 10,257 | |
Stora Enso OYJ Class R | 366,709 | 4,666 | |
Wartsila OYJ Abp | 307,897 | 4,542 | |
Elisa OYJ | 91,685 | 4,177 | |
Metso OYJ | 406,869 | 4,067 | |
Fortum OYJ | 276,679 | 3,782 | |
Kesko OYJ Class B | 169,820 | 3,317 | |
Orion OYJ Class B | 66,160 | 3,046 | |
Valmet OYJ | 104,314 | 2,952 | |
* | Mandatum OYJ | 299,889 | 1,354 |
93,203 | |||
France (6.3%) | |||
TotalEnergies SE | 1,401,387 | 90,916 | |
Sanofi SA | 694,552 | 69,556 | |
BNP Paribas SA | 665,011 | 44,678 | |
Vinci SA | 316,407 | 39,969 | |
AXA SA | 1,141,350 | 38,310 | |
Danone SA | 398,116 | 26,524 | |
Cie de Saint-Gobain SA | 296,237 | 20,946 | |
Cie Generale des Etablissements Michelin SCA | 448,237 | 14,883 | |
Publicis Groupe SA | 146,520 | 14,680 | |
Orange SA | 1,230,897 | 14,638 | |
Veolia Environnement SA | 406,101 | 13,232 | |
Societe Generale SA | 475,789 | 12,230 | |
Credit Agricole SA | 716,899 | 10,270 | |
Engie SA (XPAR) | 396,247 | 6,329 | |
Carrefour SA | 342,050 | 5,840 | |
Engie SA Loyalty Shares | 333,216 | 5,322 | |
Eiffage SA | 49,633 | 5,193 | |
Bouygues SA | 135,957 | 4,981 | |
Vivendi SE | 396,594 | 4,469 | |
Rexel SA | 153,743 | 4,095 | |
Engie SA PF 2025 | 249,131 | 3,979 | |
Sodexo Inc. (Prime Fidelite 2026) | 26,287 | 2,965 |
Shares | Market Value ($000) | ||
SCOR SE | 96,994 | 2,894 | |
1 | La Francaise des Jeux SAEM | 64,887 | 2,630 |
1 | Amundi SA | 35,695 | 2,414 |
* | Engie SA | 141,167 | 2,255 |
Sodexo SA (XPAR) | 18,821 | 2,123 | |
Valeo SE | 133,208 | 1,739 | |
Wendel SE | 17,884 | 1,621 | |
Sodexo Prime De Fidelite 2027 | 10,878 | 1,227 | |
1 | ALD SA | 121,657 | 811 |
471,719 | |||
Germany (6.2%) | |||
Siemens AG (Registered) | 475,590 | 85,142 | |
Allianz SE (Registered) | 253,642 | 67,767 | |
Deutsche Telekom AG (Registered) | 2,160,400 | 53,033 | |
Mercedes-Benz Group AG | 548,390 | 37,023 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 86,702 | 36,911 | |
Deutsche Post AG | 600,897 | 28,779 | |
BASF SE | 567,481 | 27,128 | |
Bayerische Motoren Werke AG (XETR) | 197,330 | 20,533 | |
Bayer AG (Registered) | 627,858 | 19,537 | |
E.ON SE | 1,412,720 | 19,113 | |
Deutsche Bank AG (Registered) | 1,265,103 | 16,342 | |
Vonovia SE | 442,913 | 13,798 | |
Hannover Rueck SE | 38,341 | 9,191 | |
Heidelberg Materials AG | 88,837 | 8,204 | |
* | LEG Immobilien SE (XETR) | 46,755 | 3,880 |
Volkswagen AG | 19,169 | 2,706 | |
Talanx AG | 34,138 | 2,395 | |
Evonik Industries AG | 128,084 | 2,356 | |
HOCHTIEF AG | 13,723 | 1,472 | |
1 | DWS Group GmbH & Co. KGaA | 26,106 | 1,068 |
Wacker Chemie AG | 9,349 | 1,014 | |
Traton SE | 34,000 | 830 | |
Fielmann Group AG | 14,897 | 775 | |
2 | Telefonica Deutschland Holding AG | 156,909 | 398 |
459,395 | |||
Greece (0.1%) | |||
Mytilineos SA | 64,694 | 2,656 | |
OPAP SA | 121,159 | 2,095 | |
JUMBO SA | 70,421 | 1,982 | |
Hellenic Telecommunications Organization SA | 108,558 | 1,507 | |
Motor Oil Hellas Corinth Refineries SA | 36,468 | 999 | |
Helleniq Energy Holdings SA | 58,551 | 470 | |
Autohellas Tourist and Trading SA | 12,031 | 174 | |
9,883 | |||
Hong Kong (1.4%) | |||
CK Hutchison Holdings Ltd. | 1,693,500 | 8,747 | |
Sun Hung Kai Properties Ltd. | 906,500 | 8,461 | |
CLP Holdings Ltd. | 1,047,500 | 8,331 | |
CK Asset Holdings Ltd. | 1,232,084 | 5,560 | |
BOC Hong Kong Holdings Ltd. | 2,313,500 | 5,545 | |
Power Assets Holdings Ltd. | 867,599 | 5,080 | |
Lenovo Group Ltd. | 4,826,000 | 5,053 | |
Jardine Matheson Holdings Ltd. | 124,504 | 4,999 | |
Hong Kong & China Gas Co. Ltd. | 6,890,400 | 4,903 | |
Hang Seng Bank Ltd. | 460,300 | 4,792 | |
MTR Corp. Ltd. | 909,000 | 2,957 |
Shares | Market Value ($000) | ||
1 | WH Group Ltd. | 4,902,099 | 2,892 |
Wharf Real Estate Investment Co. Ltd. | 982,000 | 2,877 | |
Swire Pacific Ltd. Class A | 358,788 | 2,776 | |
CK Infrastructure Holdings Ltd. | 382,472 | 2,271 | |
Sino Land Co. Ltd. | 2,136,000 | 2,231 | |
Hongkong Land Holdings Ltd. | 713,500 | 2,227 | |
Henderson Land Development Co. Ltd. | 829,587 | 2,162 | |
ASMPT Ltd. | 199,400 | 1,924 | |
PCCW Ltd. | 3,031,793 | 1,568 | |
Chow Tai Fook Jewellery Group Ltd. | 1,090,400 | 1,477 | |
Hang Lung Properties Ltd. | 1,160,576 | 1,347 | |
Swire Properties Ltd. | 660,298 | 1,234 | |
Orient Overseas International Ltd. | 82,500 | 1,232 | |
SITC International Holdings Co. Ltd. | 798,000 | 1,211 | |
2 | New World Development Co. Ltd. | 906,750 | 1,111 |
Xinyi Glass Holdings Ltd. | 1,309,000 | 1,085 | |
1 | BOC Aviation Ltd. | 131,600 | 987 |
Bank of East Asia Ltd. | 585,980 | 666 | |
Hysan Development Co. Ltd. | 380,000 | 656 | |
Kerry Properties Ltd. | 409,000 | 650 | |
Man Wah Holdings Ltd. | 992,800 | 619 | |
VTech Holdings Ltd. | 106,700 | 618 | |
First Pacific Co. Ltd. | 1,436,000 | 545 | |
NWS Holdings Ltd. | 521,000 | 453 | |
Yue Yuen Industrial Holdings Ltd. | 442,000 | 417 | |
DFI Retail Group Holdings Ltd. | 176,100 | 351 | |
Johnson Electric Holdings Ltd. | 220,000 | 289 | |
Dah Sing Financial Holdings Ltd. | 131,200 | 264 | |
Cafe de Coral Holdings Ltd. | 185,170 | 186 | |
Swire Pacific Ltd. Class B | 112,500 | 133 | |
Dah Sing Banking Group Ltd. | 205,600 | 124 | |
Guotai Junan International Holdings Ltd. | 1,519,000 | 96 | |
Hutchison Telecommunications Hong Kong Holdings Ltd. | 656,000 | 87 | |
101,194 | |||
Hungary (0.1%) | |||
Richter Gedeon Nyrt | 93,506 | 2,523 | |
MOL Hungarian Oil & Gas plc | 273,161 | 2,236 | |
Magyar Telekom Telecommunications plc | 235,687 | 511 | |
5,270 | |||
Iceland (0.0%) | |||
1 | Arion Banki HF | 860,920 | 963 |
Islandsbanki HF | 714,702 | 605 | |
1,568 | |||
India (1.6%) | |||
HCL Technologies Ltd. | 675,059 | 12,803 | |
NTPC Ltd. | 3,027,810 | 11,592 | |
ITC Ltd. | 1,904,504 | 10,124 | |
Power Grid Corp. of India Ltd. | 2,673,606 | 8,351 | |
Oil & Natural Gas Corp. Ltd. | 2,508,689 | 7,621 | |
Coal India Ltd. | 1,441,237 | 7,057 | |
Tech Mahindra Ltd. | 388,959 | 6,231 | |
Power Finance Corp. Ltd. | 934,568 | 4,990 | |
REC Ltd. | 804,361 | 4,832 | |
Hero MotoCorp Ltd. | 82,660 | 4,602 | |
Indian Oil Corp. Ltd. | 2,577,397 | 4,564 | |
Bajaj Auto Ltd. | 43,894 | 4,058 | |
Bharat Petroleum Corp. Ltd. | 652,366 | 3,954 |
Shares | Market Value ($000) | ||
Gail India Ltd. | 1,706,935 | 3,552 | |
Vedanta Ltd. | 840,723 | 2,776 | |
* | Hindustan Petroleum Corp. Ltd. | 382,700 | 2,136 |
NHPC Ltd. | 1,901,109 | 2,084 | |
NMDC Ltd. | 750,377 | 1,987 | |
Petronet LNG Ltd. | 499,284 | 1,619 | |
* | Indus Towers Ltd. | 517,727 | 1,383 |
Steel Authority of India Ltd. | 917,312 | 1,353 | |
Canara Bank | 229,325 | 1,331 | |
Oracle Financial Services Software Ltd. | 14,189 | 1,114 | |
Oil India Ltd. | 210,547 | 1,081 | |
Piramal Enterprises Ltd. | 75,004 | 827 | |
Bank of India | 477,495 | 800 | |
Indian Bank | 129,743 | 780 | |
Castrol India Ltd. | 291,664 | 691 | |
1 | Nippon Life India Asset Management Ltd. | 88,866 | 560 |
Hindustan Zinc Ltd. | 137,438 | 525 | |
Sun TV Network Ltd. | 51,739 | 410 | |
1 | General Insurance Corp. of India | 57,497 | 261 |
116,049 | |||
Indonesia (0.7%) | |||
Bank Rakyat Indonesia Persero Tbk PT | 44,848,459 | 16,156 | |
Bank Mandiri Persero Tbk PT | 28,210,700 | 11,877 | |
Telkom Indonesia Persero Tbk PT | 29,745,200 | 7,461 | |
Astra International Tbk PT | 12,804,500 | 4,149 | |
Bank Negara Indonesia Persero Tbk PT | 9,461,400 | 3,442 | |
United Tractors Tbk PT | 914,004 | 1,328 | |
Adaro Energy Indonesia Tbk PT | 7,782,000 | 1,180 | |
Indofood Sukses Makmur Tbk PT | 2,788,800 | 1,127 | |
Indofood CBP Sukses Makmur Tbk PT | 1,502,000 | 1,119 | |
Unilever Indonesia Tbk PT | 3,577,500 | 702 | |
Sarana Menara Nusantara Tbk PT | 11,353,600 | 639 | |
Indocement Tunggal Prakarsa Tbk PT | 862,500 | 492 | |
Perusahaan Gas Negara Persero Tbk PT | 6,586,900 | 486 | |
Bukit Asam Tbk PT | 2,410,700 | 399 | |
Gudang Garam Tbk PT | 302,300 | 377 | |
Hanjaya Mandala Sampoerna Tbk PT | 5,639,700 | 313 | |
Astra Agro Lestari Tbk PT | 298,700 | 131 | |
Bank Danamon Indonesia Tbk PT | 714,300 | 128 | |
Surya Citra Media Tbk PT | 8,133,700 | 79 | |
51,585 | |||
Ireland (0.1%) | |||
Bank of Ireland Group plc | 676,942 | 6,225 | |
AIB Group plc | 882,784 | 3,878 | |
10,103 | |||
Israel (0.4%) | |||
Bank Leumi Le-Israel BM | 972,152 | 7,384 | |
Bank Hapoalim BM | 848,012 | 7,215 | |
Israel Discount Bank Ltd. Class A | 791,761 | 3,841 | |
Mizrahi Tefahot Bank Ltd. | 87,346 | 3,251 | |
ICL Group Ltd. | 451,438 | 2,053 | |
Bezeq The Israeli Telecommunication Corp. Ltd. | 1,274,659 | 1,686 | |
Phoenix Holdings Ltd. | 101,008 | 1,027 | |
26,457 | |||
Italy (2.8%) | |||
Enel SpA | 4,959,138 | 33,838 | |
UniCredit SpA | 1,105,974 | 32,396 |
Shares | Market Value ($000) | ||
Intesa Sanpaolo SpA | 9,897,626 | 30,497 | |
Stellantis NV | 1,356,848 | 29,887 | |
Eni SpA | 1,362,698 | 21,723 | |
Assicurazioni Generali SpA | 792,159 | 17,671 | |
Terna - Rete Elettrica Nazionale | 901,279 | 7,600 | |
Snam SpA | 1,461,317 | 7,137 | |
FinecoBank Banca Fineco SpA | 391,183 | 5,640 | |
Mediobanca Banca di Credito Finanziario SpA | 411,461 | 5,449 | |
Banco BPM SpA | 877,714 | 4,736 | |
1 | Poste Italiane SpA | 289,830 | 3,143 |
1 | Infrastrutture Wireless Italiane SpA | 224,522 | 2,715 |
A2A SpA | 960,943 | 1,905 | |
Italgas SpA | 306,178 | 1,746 | |
Hera SpA | 488,549 | 1,721 | |
1 | Pirelli & C SpA | 304,373 | 1,650 |
Banca Mediolanum SpA | 156,679 | 1,603 | |
UnipolSai Assicurazioni SpA | 281,276 | 744 | |
211,801 | |||
Japan (15.0%) | |||
Toyota Motor Corp. | 7,624,661 | 152,248 | |
Mitsubishi UFJ Financial Group Inc. | 7,404,000 | 69,350 | |
Sumitomo Mitsui Financial Group Inc. | 812,954 | 42,284 | |
ITOCHU Corp. | 844,184 | 38,313 | |
Mitsui & Co. Ltd. | 944,512 | 38,307 | |
Mitsubishi Corp. | 2,165,736 | 37,326 | |
Honda Motor Co. Ltd. | 3,107,400 | 34,735 | |
KDDI Corp. | 988,424 | 32,751 | |
Tokio Marine Holdings Inc. | 1,180,802 | 31,135 | |
Mizuho Financial Group Inc. | 1,615,963 | 29,348 | |
Takeda Pharmaceutical Co. Ltd. | 969,300 | 28,488 | |
Softbank Corp. | 1,757,282 | 23,347 | |
Nippon Telegraph & Telephone Corp. | 18,154,600 | 22,798 | |
Japan Tobacco Inc. | 755,100 | 19,902 | |
Marubeni Corp. | 974,700 | 16,625 | |
Komatsu Ltd. | 582,920 | 16,584 | |
Canon Inc. | 596,500 | 16,432 | |
Sumitomo Corp. | 699,538 | 16,088 | |
Bridgestone Corp. | 356,430 | 15,445 | |
ORIX Corp. | 739,300 | 14,275 | |
Dai-ichi Life Holdings Inc. | 599,000 | 13,138 | |
Daiwa House Industry Co. Ltd. | 412,200 | 12,746 | |
Nippon Steel Corp. | 522,900 | 12,583 | |
Japan Post Holdings Co. Ltd. | 1,264,341 | 12,103 | |
MS&AD Insurance Group Holdings Inc. | 288,500 | 11,914 | |
Nippon Yusen KK | 297,700 | 10,259 | |
Nomura Holdings Inc. | 1,904,314 | 10,257 | |
Sompo Holdings Inc. | 194,500 | 10,085 | |
Japan Post Bank Co. Ltd. | 919,411 | 9,562 | |
Toyota Tsusho Corp. | 142,330 | 9,327 | |
Sumitomo Mitsui Trust Holdings Inc. | 454,478 | 9,314 | |
Inpex Corp. | 585,800 | 7,962 | |
Sekisui House Ltd. | 348,702 | 7,872 | |
Subaru Corp. | 384,509 | 7,671 | |
Mitsui OSK Lines Ltd. | 213,210 | 7,659 | |
Resona Holdings Inc. | 1,348,896 | 7,446 | |
ENEOS Holdings Inc. | 1,797,851 | 7,261 | |
Kirin Holdings Co. Ltd. | 474,600 | 6,822 | |
Kawasaki Kisen Kaisha Ltd. | 132,900 | 6,475 |
Shares | Market Value ($000) | ||
Daiwa Securities Group Inc. | 901,414 | 6,460 | |
Sumitomo Electric Industries Ltd. | 481,300 | 6,397 | |
Kansai Electric Power Co. Inc. | 461,800 | 6,300 | |
Asahi Kasei Corp. | 788,400 | 5,979 | |
JFE Holdings Inc. | 374,200 | 5,908 | |
Chubu Electric Power Co. Inc. | 443,100 | 5,748 | |
Yamaha Motor Co. Ltd. | 570,151 | 5,389 | |
T&D Holdings Inc. | 312,700 | 5,178 | |
Mitsubishi Chemical Group Corp. | 814,800 | 4,913 | |
Kajima Corp. | 272,600 | 4,865 | |
Daito Trust Construction Co. Ltd. | 41,300 | 4,698 | |
Isuzu Motors Ltd. | 332,100 | 4,531 | |
Mazda Motor Corp. | 367,900 | 4,460 | |
AGC Inc. | 112,400 | 4,227 | |
Aisin Corp. | 110,000 | 4,107 | |
Taisei Corp. | 110,600 | 4,032 | |
Obayashi Corp. | 426,600 | 3,949 | |
Idemitsu Kosan Co. Ltd. | 708,674 | 3,935 | |
SBI Holdings Inc. | 157,400 | 3,867 | |
Mitsubishi HC Capital Inc. (XTKS) | 515,620 | 3,656 | |
Niterra Co. Ltd. | 124,900 | 3,363 | |
Concordia Financial Group Ltd. | 702,500 | 3,348 | |
Sojitz Corp. | 141,500 | 3,340 | |
SUMCO Corp. | 214,700 | 3,255 | |
Mitsui Chemicals Inc. | 107,900 | 3,176 | |
Hulic Co. Ltd. | 263,286 | 2,907 | |
Kobe Steel Ltd. | 207,800 | 2,869 | |
Ricoh Co. Ltd. | 363,700 | 2,859 | |
Chiba Bank Ltd. | 383,300 | 2,840 | |
Sumitomo Forestry Co. Ltd. | 90,800 | 2,669 | |
Brother Industries Ltd. | 151,000 | 2,530 | |
Fukuoka Financial Group Inc. | 100,800 | 2,477 | |
Seiko Epson Corp. | 165,700 | 2,419 | |
Sumitomo Chemical Co. Ltd. | 984,400 | 2,318 | |
Japan Post Insurance Co. Ltd. | 123,400 | 2,310 | |
Tosoh Corp. | 175,000 | 2,257 | |
Kuraray Co. Ltd. | 214,000 | 2,245 | |
Shimizu Corp. | 334,500 | 2,239 | |
* | Kyushu Electric Power Co. Inc. | 298,400 | 2,235 |
Lixil Corp. | 164,900 | 2,204 | |
Amada Co. Ltd. | 197,400 | 2,130 | |
Cosmo Energy Holdings Co. Ltd. | 50,940 | 2,116 | |
Haseko Corp. | 157,386 | 2,047 | |
NGK Insulators Ltd. | 162,200 | 2,026 | |
Kyushu Railway Co. | 92,000 | 2,022 | |
Yokohama Rubber Co. Ltd. | 83,800 | 1,983 | |
Nikon Corp. | 191,600 | 1,955 | |
Sanwa Holdings Corp. | 127,200 | 1,944 | |
Tokyo Tatemono Co. Ltd. | 124,600 | 1,920 | |
Credit Saison Co. Ltd. | 102,500 | 1,903 | |
Marui Group Co. Ltd. | 114,100 | 1,887 | |
Nomura Real Estate Holdings Inc. | 68,800 | 1,883 | |
Mebuki Financial Group Inc. | 626,500 | 1,875 | |
Sumitomo Heavy Industries Ltd. | 71,200 | 1,847 | |
Mitsubishi Gas Chemical Co. Inc. | 111,400 | 1,819 | |
Electric Power Development Co. Ltd. | 107,600 | 1,807 | |
Tokyo Century Corp. | 158,991 | 1,767 | |
2 | Aozora Bank Ltd. | 73,600 | 1,618 |
Shares | Market Value ($000) | ||
Taiheiyo Cement Corp. | 75,200 | 1,548 | |
Hachijuni Bank Ltd. | 283,300 | 1,544 | |
Air Water Inc. | 116,600 | 1,540 | |
Daicel Corp. | 153,600 | 1,505 | |
COMSYS Holdings Corp. | 68,000 | 1,489 | |
NSK Ltd. | 272,000 | 1,483 | |
INFRONEER Holdings Inc. | 140,200 | 1,466 | |
EXEO Group Inc. | 63,400 | 1,416 | |
Toyo Seikan Group Holdings Ltd. | 88,200 | 1,401 | |
DMG Mori Co. Ltd. | 67,900 | 1,360 | |
Sumitomo Rubber Industries Ltd. | 117,100 | 1,357 | |
Iida Group Holdings Co. Ltd. | 88,800 | 1,341 | |
Kamigumi Co. Ltd. | 57,100 | 1,314 | |
JTEKT Corp. | 142,400 | 1,303 | |
Yamaguchi Financial Group Inc. | 132,900 | 1,263 | |
Coca-Cola Bottlers Japan Holdings Inc. | 89,800 | 1,219 | |
Hirogin Holdings Inc. | 181,100 | 1,215 | |
Yamato Kogyo Co. Ltd. | 20,600 | 1,140 | |
Daido Steel Co. Ltd. | 108,220 | 1,128 | |
Yamada Holdings Co. Ltd. | 363,400 | 1,110 | |
Nippon Electric Glass Co. Ltd. | 49,900 | 1,109 | |
Casio Computer Co. Ltd. | 127,800 | 1,102 | |
Fuyo General Lease Co. Ltd. | 11,900 | 1,064 | |
Mitsui Mining & Smelting Co. Ltd. | 34,300 | 1,060 | |
Toyo Tire Corp. | 64,000 | 1,060 | |
UBE Corp. | 63,700 | 1,059 | |
DIC Corp. | 54,000 | 1,019 | |
Kaneka Corp. | 40,900 | 995 | |
NOK Corp. | 72,400 | 959 | |
Toda Corp. | 151,600 | 956 | |
Denka Co. Ltd. | 54,400 | 949 | |
Toyoda Gosei Co. Ltd. | 49,100 | 948 | |
Penta-Ocean Construction Co. Ltd. | 174,200 | 933 | |
Nippon Kayaku Co. Ltd. | 103,800 | 927 | |
Kyudenko Corp. | 24,200 | 920 | |
Canon Marketing Japan Inc. | 29,400 | 894 | |
Amano Corp. | 38,000 | 876 | |
Seven Bank Ltd. | 414,200 | 867 | |
Kokuyo Co. Ltd. | 52,400 | 844 | |
K's Holdings Corp. | 90,000 | 818 | |
Pigeon Corp. | 73,100 | 799 | |
* | Konica Minolta Inc. | 289,500 | 794 |
Aica Kogyo Co. Ltd. | 33,700 | 781 | |
NHK Spring Co. Ltd. | 94,300 | 778 | |
TS Tech Co. Ltd. | 60,700 | 769 | |
AEON Financial Service Co. Ltd. | 78,800 | 718 | |
Nippon Shokubai Co. Ltd. | 18,500 | 696 | |
Kandenko Co. Ltd. | 66,000 | 679 | |
Shikoku Electric Power Co. Inc. | 94,200 | 666 | |
Toyota Boshoku Corp. | 37,200 | 613 | |
Nipro Corp. | 74,500 | 600 | |
Heiwa Corp. | 35,700 | 530 | |
Itoham Yonekyu Holdings Inc. | 15,160 | 425 | |
Fuji Media Holdings Inc. | 32,000 | 379 | |
Matsui Securities Co. Ltd. | 58,500 | 329 | |
Noevir Holdings Co. Ltd. | 8,100 | 288 | |
1,119,590 |
Shares | Market Value ($000) | ||
Kuwait (0.3%) | |||
National Bank of Kuwait SAKP | 4,796,375 | 15,272 | |
Mobile Telecommunications Co. KSCP | 1,401,154 | 2,395 | |
* | Agility Public Warehousing Co. KSC | 1,026,270 | 1,931 |
Gulf Bank KSCP | 1,211,465 | 1,140 | |
Humansoft Holding Co. KSC | 63,054 | 705 | |
Burgan Bank SAK | 564,532 | 352 | |
21,795 | |||
Malaysia (0.8%) | |||
Malayan Banking Bhd. | 4,750,197 | 9,291 | |
Public Bank Bhd. | 9,160,500 | 8,492 | |
CIMB Group Holdings Bhd. | 5,043,800 | 6,643 | |
Tenaga Nasional Bhd. | 2,339,133 | 5,300 | |
Petronas Chemicals Group Bhd. | 1,784,200 | 2,550 | |
CELCOMDIGI Bhd. | 2,477,600 | 2,220 | |
Petronas Gas Bhd. | 481,332 | 1,804 | |
MISC Bhd. | 1,082,044 | 1,680 | |
Hong Leong Bank Bhd. | 408,100 | 1,656 | |
Axiata Group Bhd. | 2,823,900 | 1,627 | |
Kuala Lumpur Kepong Bhd. | 343,900 | 1,613 | |
Gamuda Bhd. | 1,509,900 | 1,611 | |
RHB Bank Bhd. | 1,315,000 | 1,556 | |
YTL Corp. Bhd. | 3,079,423 | 1,518 | |
Maxis Bhd. | 1,856,400 | 1,490 | |
Genting Bhd. | 1,332,400 | 1,327 | |
AMMB Holdings Bhd. | 1,383,400 | 1,239 | |
Sime Darby Bhd. | 2,411,900 | 1,238 | |
IJM Corp. Bhd. | 2,151,100 | 1,016 | |
Genting Malaysia Bhd. | 1,767,300 | 1,007 | |
Telekom Malaysia Bhd. | 752,000 | 940 | |
Petronas Dagangan Bhd. | 160,100 | 722 | |
Alliance Bank Malaysia Bhd. | 686,100 | 497 | |
FGV Holdings Bhd. | 301,300 | 91 | |
Astro Malaysia Holdings Bhd. | 704,000 | 53 | |
57,181 | |||
Mexico (1.1%) | |||
Grupo Financiero Banorte SAB de CV Class O | 1,843,200 | 18,747 | |
Wal-Mart de Mexico SAB de CV | 3,296,735 | 13,621 | |
America Movil SAB de CV Series B | 14,684,400 | 13,267 | |
Grupo Mexico SAB de CV Series B | 2,006,100 | 10,351 | |
Grupo Aeroportuario del Pacifico SAB de CV Class B | 245,560 | 3,823 | |
Grupo Aeroportuario del Sureste SAB de CV Class B | 129,785 | 3,783 | |
Coca-Cola Femsa SAB de CV | 337,025 | 3,209 | |
Arca Continental SAB de CV | 282,000 | 3,204 | |
Alfa SAB de CV Class A | 2,319,500 | 1,825 | |
1 | Banco del Bajio SA | 443,700 | 1,688 |
Grupo Aeroportuario del Centro Norte SAB de CV | 173,500 | 1,588 | |
Regional SAB de CV | 150,800 | 1,400 | |
Promotora y Operadora de Infraestructura SAB de CV | 137,525 | 1,353 | |
Kimberly-Clark de Mexico SAB de CV Class A | 561,200 | 1,279 | |
Orbia Advance Corp. SAB de CV | 634,400 | 1,265 | |
Qualitas Controladora SAB de CV | 106,400 | 1,176 | |
Megacable Holdings SAB de CV | 179,900 | 463 | |
Alpek SAB de CV | 202,900 | 137 | |
82,179 | |||
Netherlands (1.4%) | |||
ING Groep NV | 2,303,302 | 32,726 |
Shares | Market Value ($000) | ||
Koninklijke Ahold Delhaize NV | 620,291 | 17,445 | |
Koninklijke Philips NV | 496,981 | 10,514 | |
NN Group NV | 178,539 | 7,318 | |
BE Semiconductor Industries NV | 48,670 | 7,314 | |
Koninklijke KPN NV | 2,104,527 | 7,159 | |
Aegon Ltd. | 1,083,344 | 6,391 | |
ASR Nederland NV | 92,462 | 4,357 | |
Randstad NV | 70,322 | 3,999 | |
1 | ABN AMRO Bank NV | 246,813 | 3,632 |
1 | Signify NV | 81,215 | 2,435 |
Koninklijke Vopak NV | 41,248 | 1,289 | |
1 | CTP NV | 65,473 | 1,117 |
105,696 | |||
New Zealand (0.2%) | |||
Spark New Zealand Ltd. | 1,167,837 | 3,789 | |
Meridian Energy Ltd. | 780,616 | 2,645 | |
Contact Energy Ltd. | 504,274 | 2,485 | |
Mercury NZ Ltd. | 434,909 | 1,794 | |
Fletcher Building Ltd. | 484,206 | 1,335 | |
12,048 | |||
Norway (0.8%) | |||
Equinor ASA | 565,062 | 16,170 | |
DNB Bank ASA | 646,769 | 12,573 | |
Aker BP ASA | 198,886 | 5,279 | |
Mowi ASA | 281,802 | 5,073 | |
Norsk Hydro ASA | 847,562 | 4,967 | |
Telenor ASA | 396,596 | 4,394 | |
Orkla ASA | 487,725 | 3,820 | |
Yara International ASA | 102,770 | 3,397 | |
Salmar ASA | 39,554 | 2,196 | |
Gjensidige Forsikring ASA | 111,340 | 1,791 | |
Var Energi ASA | 355,044 | 1,030 | |
Aker ASA Class A | 14,784 | 878 | |
61,568 | |||
Pakistan (0.0%) | |||
Oil & Gas Development Co. Ltd. | 479,357 | 232 | |
Philippines (0.1%) | |||
International Container Terminal Services Inc. | 700,980 | 3,031 | |
PLDT Inc. | 57,600 | 1,303 | |
Manila Electric Co. | 163,550 | 1,052 | |
Globe Telecom Inc. | 19,551 | 604 | |
DMCI Holdings Inc. | 2,974,300 | 568 | |
Semirara Mining & Power Corp. | 769,220 | 423 | |
LT Group Inc. | 1,703,200 | 287 | |
7,268 | |||
Poland (0.3%) | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 544,249 | 6,905 | |
ORLEN SA | 366,887 | 5,721 | |
Powszechny Zaklad Ubezpieczen SA | 361,100 | 4,348 | |
Bank Polska Kasa Opieki SA | 99,296 | 3,819 | |
LPP SA | 708 | 2,752 | |
Santander Bank Polska SA | 21,055 | 2,550 | |
26,095 | |||
Portugal (0.2%) | |||
EDP - Energias de Portugal SA | 1,933,114 | 8,622 |
Shares | Market Value ($000) | ||
Galp Energia SGPS SA | 319,894 | 5,036 | |
13,658 | |||
Qatar (0.5%) | |||
Qatar National Bank QPSC | 2,850,415 | 12,124 | |
Qatar Islamic Bank SAQ | 1,161,162 | 6,210 | |
Industries Qatar QSC | 1,001,301 | 3,293 | |
Commercial Bank PSQC | 2,122,025 | 3,057 | |
Masraf Al Rayan QSC | 3,943,414 | 2,543 | |
Qatar International Islamic Bank QSC | 754,862 | 2,160 | |
Qatar Navigation QSC | 651,830 | 1,849 | |
Qatar Fuel QSC | 390,264 | 1,681 | |
Qatar Gas Transport Co. Ltd. | 1,738,562 | 1,656 | |
Ooredoo QPSC | 511,190 | 1,501 | |
Qatar Electricity & Water Co. QSC | 292,058 | 1,389 | |
Mesaieed Petrochemical Holding Co. | 2,867,187 | 1,322 | |
Barwa Real Estate Co. | 1,319,693 | 1,043 | |
Qatar Aluminum Manufacturing Co. | 1,594,031 | 560 | |
Vodafone Qatar QSC | 1,058,784 | 552 | |
40,940 | |||
Romania (0.1%) | |||
Banca Transilvania SA | 444,411 | 2,402 | |
OMV Petrom SA | 10,983,205 | 1,383 | |
Societatea Nationala Nuclearelectrica SA | 32,587 | 348 | |
4,133 | |||
Russia (0.0%) | |||
*,3 | Inter Rao Ues PJSC | 11,522,470 | — |
*,3 | MMC Norilsk Nickel PJSC ADR | 53,701 | — |
*,3 | Sberbank of Russia PJSC | 3,446,575 | — |
*,3 | Mobile TeleSystems PJSC ADR | 132,889 | — |
*,3 | Moscow Exchange MICEX-RTS PJSC | 482,108 | — |
*,3 | Rosneft Oil Co. PJSC (Registered) GDR | 190,781 | — |
*,3 | MMC Norilsk Nickel PJSC | 11,458 | — |
*,3 | LUKOIL PJSC ADR | 51,350 | — |
*,3 | Gazprom PJSC ADR | 748,819 | — |
*,3 | Severstal PAO GDR (Registered) | 34,635 | — |
*,3 | Tatneft PJSC ADR | 44,997 | — |
*,3 | VTB Bank PJSC GDR (Registered) | 802,016 | — |
*,3 | Alrosa PJSC | 840,362 | — |
*,3 | PhosAgro PJSC (MISX) | 7,446 | — |
*,3 | United Co. Rusal International | 796,030 | — |
*,3 | Unipro PJSC | 4,903,000 | — |
*,3 | Polyus PJSC | 9,549 | — |
*,3 | RusHydro PJSC | 41,940,310 | — |
*,3 | Rostelecom PJSC | 343,830 | — |
*,3 | Tatneft PJSC | 243,415 | — |
*,3 | Novolipetsk Steel PJSC | 373,254 | — |
*,3 | Mobile TeleSystems PJSC | 18,732 | — |
*,3 | Magnit PJSC | 20,521 | — |
*,3 | Novatek PJSC | 356,672 | — |
*,3 | Gazprom PJSC | 2,023,010 | — |
*,3 | Mosenergo PJSC | 1,739,000 | — |
*,3 | Federal Grid Co. - Rosseti PJSC | 83,950,000 | — |
*,3 | Lukoil PJSC | 76,646 | — |
*,3 | Rosneft Oil Co. PJSC | 211,479 | — |
*,3 | Magnitogorsk Iron & Steel Works PJSC | 732,540 | — |
*,3 | Sistema PJSFC | 903,430 | — |
*,3 | Severstal PAO PJSC | 28,686 | — |
Shares | Market Value ($000) | ||
*,3 | PhosAgro PJSC | 91 | — |
*,3 | PhosAgro PJSC GDR (Registered) | 14,173 | — |
— | |||
Saudi Arabia (1.4%) | |||
Saudi National Bank | 1,864,223 | 20,133 | |
1 | Saudi Arabian Oil Co. | 1,979,486 | 16,125 |
Saudi Telecom Co. | 1,147,925 | 12,491 | |
Saudi Basic Industries Corp. | 579,631 | 12,016 | |
Riyad Bank | 939,029 | 7,087 | |
Alinma Bank | 624,662 | 6,880 | |
Saudi Awwal Bank | 605,543 | 5,785 | |
SABIC Agri-Nutrients Co. | 150,847 | 5,143 | |
Banque Saudi Fransi | 372,186 | 3,958 | |
Arab National Bank | 420,259 | 2,795 | |
Sahara International Petrochemical Co. | 223,788 | 1,874 | |
Yanbu National Petrochemical Co. | 174,389 | 1,784 | |
Jarir Marketing Co. | 363,631 | 1,476 | |
* | Bank Al-Jazira | 271,617 | 1,459 |
Saudi Investment Bank | 314,450 | 1,306 | |
Saudi Industrial Investment Group | 227,769 | 1,231 | |
Abdullah Al Othaim Markets Co. | 270,061 | 988 | |
Saudia Dairy & Foodstuff Co. | 9,466 | 908 | |
Advanced Petrochemical Co. | 78,323 | 794 | |
Saudi Cement Co. | 47,066 | 605 | |
United Electronics Co. | 24,008 | 570 | |
Arabian Centres Co. Ltd. | 97,083 | 525 | |
Southern Province Cement Co. | 42,597 | 439 | |
Qassim Cement Co. | 26,747 | 421 | |
Yanbu Cement Co. | 49,803 | 405 | |
107,198 | |||
Singapore (1.4%) | |||
DBS Group Holdings Ltd. | 1,156,678 | 27,396 | |
Oversea-Chinese Banking Corp. Ltd. | 2,230,500 | 21,336 | |
United Overseas Bank Ltd. | 776,945 | 16,377 | |
Singapore Telecommunications Ltd. | 4,768,188 | 8,509 | |
Keppel Corp. Ltd. | 893,912 | 4,750 | |
Singapore Exchange Ltd. | 522,632 | 3,649 | |
Capitaland Investment Ltd. | 1,651,300 | 3,625 | |
Wilmar International Ltd. | 1,355,300 | 3,319 | |
Genting Singapore Ltd. | 3,618,300 | 2,717 | |
Singapore Technologies Engineering Ltd. | 962,100 | 2,666 | |
Venture Corp. Ltd. | 168,200 | 1,676 | |
ComfortDelGro Corp. Ltd. | 1,332,300 | 1,386 | |
Jardine Cycle & Carriage Ltd. | 63,000 | 1,216 | |
NetLink NBN Trust | 1,872,100 | 1,178 | |
Hutchison Port Holdings Trust | 3,349,100 | 501 | |
Olam Group Ltd. | 728,300 | 484 | |
StarHub Ltd. | 408,700 | 322 | |
Singapore Telecommunications Ltd. (XSES) | 8,800 | 16 | |
101,123 | |||
South Africa (1.0%) | |||
FirstRand Ltd. | 3,214,081 | 11,640 | |
Standard Bank Group Ltd. | 851,018 | 9,060 | |
Gold Fields Ltd. | 559,861 | 8,261 | |
Absa Group Ltd. | 521,291 | 4,552 | |
Shoprite Holdings Ltd. | 304,055 | 4,406 | |
Sanlam Ltd. | 1,096,335 | 4,184 |
Shares | Market Value ($000) | ||
Nedbank Group Ltd. | 290,064 | 3,368 | |
Sasol Ltd. | 367,697 | 3,194 | |
Bidvest Group Ltd. | 217,046 | 2,854 | |
NEPI Rockcastle NV | 321,076 | 2,160 | |
Woolworths Holdings Ltd. | 577,658 | 2,143 | |
Sibanye Stillwater Ltd. | 1,758,038 | 2,119 | |
Impala Platinum Holdings Ltd. | 506,762 | 1,967 | |
Vodacom Group Ltd. | 376,566 | 1,875 | |
Old Mutual Ltd. | 2,741,632 | 1,824 | |
Anglo American Platinum Ltd. | 36,378 | 1,540 | |
Exxaro Resources Ltd. | 153,939 | 1,534 | |
Mr Price Group Ltd. | 161,389 | 1,476 | |
Foschini Group Ltd. | 206,384 | 1,250 | |
Outsurance Group Ltd. | 514,063 | 1,149 | |
Investec Ltd. | 172,041 | 1,135 | |
Tiger Brands Ltd. | 98,732 | 1,109 | |
Kumba Iron Ore Ltd. | 35,133 | 1,033 | |
Life Healthcare Group Holdings Ltd. | 867,970 | 858 | |
* | Multichoice Group | 180,647 | 722 |
African Rainbow Minerals Ltd. | 65,093 | 643 | |
Santam Ltd. | 22,831 | 353 | |
76,409 | |||
South Korea (1.6%) | |||
POSCO Holdings Inc. | 47,787 | 15,162 | |
Hyundai Motor Co. | 83,956 | 12,211 | |
Kia Corp. | 155,197 | 11,921 | |
KB Financial Group Inc. | 242,028 | 10,271 | |
Shinhan Financial Group Co. Ltd. | 312,502 | 9,575 | |
Hana Financial Group Inc. | 176,103 | 6,297 | |
Woori Financial Group Inc. | 415,154 | 4,305 | |
KT&G Corp. | 62,996 | 4,278 | |
Samsung Fire & Marine Insurance Co. Ltd. | 20,115 | 3,980 | |
LG Corp. | 56,465 | 3,467 | |
SK Inc. | 23,631 | 3,239 | |
HMM Co. Ltd. | 188,825 | 2,714 | |
Samsung Life Insurance Co. Ltd. | 46,302 | 2,406 | |
Korea Zinc Co. Ltd. | 6,748 | 2,391 | |
DB Insurance Co. Ltd. | 28,882 | 1,905 | |
Industrial Bank of Korea | 184,352 | 1,730 | |
HD Hyundai Co. Ltd. | 26,828 | 1,430 | |
S-Oil Corp. | 26,123 | 1,328 | |
LG Display Co. Ltd. | 148,473 | 1,290 | |
Samsung Securities Co. Ltd. | 42,297 | 1,189 | |
Doosan Bobcat Inc. | 30,160 | 1,149 | |
Korea Investment Holdings Co. Ltd. | 24,236 | 1,113 | |
Posco International Corp. | 27,811 | 1,092 | |
LG Uplus Corp. | 136,486 | 1,045 | |
Fila Holdings Corp. | 32,601 | 993 | |
BNK Financial Group Inc. | 175,143 | 985 | |
Mirae Asset Securities Co. Ltd. | 163,685 | 962 | |
Kumho Petrochemical Co. Ltd. | 10,233 | 954 | |
GS Holdings Corp. | 27,243 | 945 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 36,007 | 915 | |
DGB Financial Group Inc. | 98,533 | 665 | |
Samsung Card Co. Ltd. | 25,916 | 640 | |
NH Investment & Securities Co. Ltd. | 80,022 | 635 | |
Cheil Worldwide Inc. | 42,886 | 590 | |
DL E&C Co. Ltd. | 18,163 | 565 |
Shares | Market Value ($000) | ||
S-1 Corp. | 12,234 | 523 | |
Hanon Systems | 96,050 | 448 | |
Lotte Corp. | 19,731 | 429 | |
Lotte Shopping Co. Ltd. | 6,705 | 412 | |
GS Engineering & Construction Corp. | 36,399 | 410 | |
GS Retail Co. Ltd. | 23,008 | 384 | |
LOTTE Fine Chemical Co. Ltd. | 9,541 | 355 | |
SK Chemicals Co. Ltd. | 7,140 | 344 | |
KEPCO Plant Service & Engineering Co. Ltd. | 12,771 | 324 | |
DL Holdings Co. Ltd. | 7,527 | 317 | |
* | Korea Gas Corp. | 14,613 | 289 |
SSANGYONG C&E Co. Ltd. | 63,265 | 286 | |
SD Biosensor Inc. | 27,271 | 212 | |
119,070 | |||
Spain (2.8%) | |||
Iberdrola SA (XMAD) | 3,797,828 | 45,730 | |
Banco Santander SA | 10,231,281 | 41,120 | |
Banco Bilbao Vizcaya Argentaria SA | 3,811,216 | 35,671 | |
Industria de Diseno Textil SA | 672,550 | 28,757 | |
Telefonica SA | 3,203,900 | 13,036 | |
Repsol SA | 822,828 | 12,152 | |
CaixaBank SA | 2,422,143 | 10,328 | |
ACS Actividades de Construccion y Servicios SA | 151,291 | 5,970 | |
Redeia Corp. SA | 275,561 | 4,585 | |
Endesa SA | 199,583 | 3,954 | |
Bankinter SA | 435,683 | 2,690 | |
Enagas SA | 157,110 | 2,558 | |
Naturgy Energy Group SA | 87,022 | 2,343 | |
Mapfre SA | 624,122 | 1,374 | |
* | Iberdrola SA | 65,013 | 785 |
211,053 | |||
Sweden (1.4%) | |||
Volvo AB Class B | 964,039 | 23,104 | |
Skandinaviska Enskilda Banken AB Class A | 1,035,402 | 14,705 | |
Swedbank AB Class A | 643,727 | 13,118 | |
Telefonaktiebolaget LM Ericsson Class B | 1,803,456 | 9,997 | |
Svenska Handelsbanken AB Class A | 921,915 | 9,939 | |
H & M Hennes & Mauritz AB Class B | 382,764 | 5,400 | |
SKF AB Class B | 246,414 | 4,856 | |
Boliden AB | 173,548 | 4,606 | |
Telia Co. AB | 1,578,847 | 4,072 | |
SSAB AB Class B | 518,588 | 3,961 | |
Skanska AB Class B | 227,503 | 3,945 | |
Securitas AB Class B | 314,070 | 3,051 | |
Tele2 AB Class B | 354,677 | 3,024 | |
* | Electrolux AB Class B | 138,145 | 1,292 |
2 | Svenska Handelsbanken AB Class B | 46,247 | 618 |
Telefonaktiebolaget LM Ericsson Class A | 77,251 | 426 | |
SSAB AB Class A | 52,451 | 408 | |
Skandinaviska Enskilda Banken AB Class C | 20,658 | 301 | |
106,823 | |||
Switzerland (6.0%) | |||
Novartis AG (Registered) | 1,321,561 | 136,668 | |
Roche Holding AG | 433,679 | 123,475 | |
Zurich Insurance Group AG | 91,816 | 46,651 | |
Holcim AG | 331,302 | 25,304 | |
Swiss Re AG | 184,372 | 21,111 |
Shares | Market Value ($000) | ||
Partners Group Holding AG | 14,071 | 18,984 | |
Swiss Life Holding AG (Registered) | 18,794 | 13,496 | |
Swisscom AG (Registered) | 16,224 | 9,707 | |
* | Sandoz Group AG | 274,088 | 9,400 |
SGS SA (Registered) | 92,772 | 8,573 | |
Julius Baer Group Ltd. | 130,609 | 7,111 | |
Swiss Prime Site AG (Registered) | 48,166 | 4,879 | |
Baloise Holding AG (Registered) | 29,109 | 4,650 | |
Adecco Group AG (Registered) | 102,100 | 4,415 | |
PSP Swiss Property AG (Registered) | 28,975 | 3,856 | |
Helvetia Holding AG (Registered) | 21,945 | 3,169 | |
Banque Cantonale Vaudoise (Registered) | 18,297 | 2,343 | |
Roche Holding AG (Bearer) | 7,333 | 2,221 | |
446,013 | |||
Taiwan (4.6%) | |||
MediaTek Inc. | 950,000 | 29,315 | |
Hon Hai Precision Industry Co. Ltd. | 7,616,000 | 24,914 | |
Quanta Computer Inc. | 1,702,000 | 13,458 | |
United Microelectronics Corp. | 7,500,000 | 11,682 | |
CTBC Financial Holding Co. Ltd. | 11,680,120 | 10,596 | |
Fubon Financial Holding Co. Ltd. | 4,948,208 | 10,171 | |
Chunghwa Telecom Co. Ltd. | 2,433,000 | 9,223 | |
Mega Financial Holding Co. Ltd. | 7,367,409 | 8,850 | |
Cathay Financial Holding Co. Ltd. | 5,900,973 | 8,298 | |
ASE Technology Holding Co. Ltd. | 1,771,171 | 7,658 | |
Uni-President Enterprises Corp. | 3,058,000 | 7,067 | |
Nan Ya Plastics Corp. | 3,637,000 | 7,049 | |
Wistron Corp. | 1,827,656 | 6,692 | |
Yuanta Financial Holding Co. Ltd. | 7,761,340 | 6,691 | |
Asustek Computer Inc. | 449,268 | 6,379 | |
China Steel Corp. | 7,958,000 | 6,377 | |
Novatek Microelectronics Corp. | 364,000 | 5,929 | |
First Financial Holding Co. Ltd. | 6,886,491 | 5,844 | |
Accton Technology Corp. | 341,000 | 5,737 | |
Taiwan Cooperative Financial Holding Co. Ltd. | 6,788,360 | 5,507 | |
Formosa Plastics Corp. | 2,373,879 | 5,455 | |
Largan Precision Co. Ltd. | 64,000 | 5,074 | |
2 | Chailease Holding Co. Ltd. | 896,610 | 4,963 |
Lite-On Technology Corp. | 1,368,194 | 4,738 | |
Unimicron Technology Corp. | 838,000 | 4,701 | |
Realtek Semiconductor Corp. | 306,000 | 4,579 | |
Sinopac Holdings Co. | 7,362,775 | 4,506 | |
Hua Nan Financial Holdings Co. Ltd. Class C | 6,467,046 | 4,455 | |
Yageo Corp. | 251,613 | 4,426 | |
Taishin Financial Holding Co. Ltd. | 7,498,059 | 4,108 | |
Taiwan Cement Corp. | 4,016,119 | 4,087 | |
Formosa Chemicals & Fibre Corp. | 2,169,000 | 3,916 | |
Wiwynn Corp. | 55,000 | 3,878 | |
* | China Development Financial Holding Corp. | 10,088,000 | 3,873 |
Pegatron Corp. | 1,326,000 | 3,496 | |
Taiwan Mobile Co. Ltd. | 1,102,000 | 3,445 | |
Shanghai Commercial & Savings Bank Ltd. | 2,409,677 | 3,406 | |
E Ink Holdings Inc. | 498,000 | 3,303 | |
Compal Electronics Inc. | 2,670,000 | 3,062 | |
Evergreen Marine Corp. Taiwan Ltd. | 636,800 | 3,054 | |
President Chain Store Corp. | 359,000 | 3,027 | |
Far EasTone Telecommunications Co. Ltd. | 1,132,000 | 2,906 | |
Inventec Corp. | 1,618,994 | 2,843 |
Shares | Market Value ($000) | ||
Acer Inc. | 1,795,000 | 2,636 | |
AUO Corp. | 4,495,000 | 2,627 | |
Micro-Star International Co. Ltd. | 430,000 | 2,494 | |
Globalwafers Co. Ltd. | 133,000 | 2,457 | |
Catcher Technology Co. Ltd. | 381,672 | 2,372 | |
* | Shin Kong Financial Holdings Co. Ltd. | 8,472,000 | 2,268 |
Eclat Textile Co. Ltd. | 125,200 | 2,185 | |
Sino-American Silicon Products Inc. | 343,000 | 2,097 | |
Asia Cement Corp. | 1,615,000 | 2,048 | |
Formosa Petrochemical Corp. | 862,000 | 2,047 | |
Chicony Electronics Co. Ltd. | 388,370 | 2,036 | |
ASE Technology Holding Co. Ltd. ADR | 217,917 | 2,024 | |
Synnex Technology International Corp. | 879,000 | 2,018 | |
Powertech Technology Inc. | 429,000 | 1,992 | |
Far Eastern New Century Corp. | 1,869,000 | 1,844 | |
Pou Chen Corp. | 1,742,000 | 1,754 | |
Cheng Shin Rubber Industry Co. Ltd. | 1,190,994 | 1,727 | |
Feng TAY Enterprise Co. Ltd. | 313,273 | 1,615 | |
Vanguard International Semiconductor Corp. | 563,500 | 1,322 | |
Zhen Ding Technology Holding Ltd. | 397,000 | 1,278 | |
Taiwan High Speed Rail Corp. | 1,323,000 | 1,248 | |
Teco Electric and Machinery Co. Ltd. | 763,000 | 1,119 | |
Foxconn Technology Co. Ltd. | 690,190 | 1,111 | |
Giant Manufacturing Co. Ltd. | 193,967 | 1,104 | |
Taiwan Fertilizer Co. Ltd. | 489,000 | 1,062 | |
Nan Ya Printed Circuit Board Corp. | 130,000 | 939 | |
Nien Made Enterprise Co. Ltd. | 85,000 | 909 | |
Yulon Motor Co. Ltd. | 360,288 | 797 | |
Taiwan Secom Co. Ltd. | 191,000 | 711 | |
* | Taiwan Glass Industry Corp. | 854,000 | 491 |
Transcend Information Inc. | 195,000 | 490 | |
Formosa Taffeta Co. Ltd. | 585,000 | 450 | |
Formosa Sumco Technology Corp. | 38,000 | 196 | |
340,206 | |||
Thailand (0.6%) | |||
PTT PCL | 9,187,100 | 8,721 | |
Advanced Info Service PCL | 706,604 | 4,358 | |
PTT Exploration & Production PCL | 872,530 | 3,682 | |
SCB X PCL | 1,074,300 | 3,144 | |
Siam Cement PCL (Registered) | 379,150 | 2,886 | |
Kasikornbank PCL NVDR | 796,800 | 2,699 | |
Krung Thai Bank PCL | 3,872,800 | 1,736 | |
Charoen Pokphand Foods PCL | 3,060,900 | 1,606 | |
TMBThanachart Bank PCL | 27,698,200 | 1,397 | |
Bangkok Bank PCL (Registered) | 313,700 | 1,247 | |
PTT Global Chemical PCL | 1,279,899 | 1,207 | |
Land & Houses PCL (Registered) | 5,338,300 | 1,152 | |
Thai Oil PCL | 710,440 | 1,093 | |
Kasikornbank PCL | 312,300 | 1,058 | |
Banpu PCL (Registered) | 5,720,450 | 999 | |
BTS Group Holdings PCL | 5,390,900 | 911 | |
Intouch Holdings PCL Class F | 398,441 | 827 | |
Thai Union Group PCL Class F | 1,728,000 | 740 | |
Indorama Ventures PCL | 1,091,300 | 726 | |
Ratch Group PCL | 772,450 | 659 | |
Electricity Generating PCL | 168,600 | 624 | |
Siam Cement PCL NVDR | 79,400 | 604 | |
Osotspa PCL | 872,600 | 512 |
Shares | Market Value ($000) | ||
Bangkok Bank PCL NVDR | 117,300 | 466 | |
Srisawad Corp. PCL | 350,800 | 390 | |
IRPC PCL | 6,669,600 | 366 | |
Intouch Holdings PCL NVDR | 153,800 | 319 | |
Siam City Cement PCL | 57,232 | 217 | |
44,346 | |||
Turkey (0.3%) | |||
BIM Birlesik Magazalar A/S | 278,067 | 3,487 | |
KOC Holding A/S | 534,083 | 2,821 | |
Akbank TAS | 1,967,492 | 2,561 | |
Haci Omer Sabanci Holding A/S | 848,058 | 2,027 | |
Turkcell Iletisim Hizmetleri A/S | 737,984 | 1,664 | |
Turkiye Is Bankasi A/S Class C | 1,959,958 | 1,653 | |
* | Eregli Demir ve Celik Fabrikalari TAS | 1,073,628 | 1,522 |
Yapi ve Kredi Bankasi A/S | 2,061,881 | 1,481 | |
Ford Otomotiv Sanayi A/S | 39,969 | 1,161 | |
Turkiye Garanti Bankasi A/S | 382,668 | 801 | |
Coca-Cola Icecek A/S | 42,615 | 752 | |
Tofas Turk Otomobil Fabrikasi A/S | 75,999 | 617 | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 107,891 | 501 | |
1 | Mavi Giyim Sanayi Ve Ticaret A/S Class B | 97,731 | 459 |
Turk Traktor ve Ziraat Makineleri A/S | 16,190 | 431 | |
* | Otokar Otomotiv Ve Savunma Sanayi A/S | 23,941 | 384 |
* | Turk Telekomunikasyon A/S | 348,112 | 374 |
Dogus Otomotiv Servis ve Ticaret A/S | 36,113 | 324 | |
1 | Enerjisa Enerji A/S | 155,756 | 285 |
Aygaz A/S | 25,294 | 123 | |
* | Iskenderun Demir ve Celik A/S | 91,764 | 109 |
Vestel Beyaz Esya Sanayi ve Ticaret A/S | 155,588 | 89 | |
Enka Insaat ve Sanayi A/S | 1 | — | |
23,626 | |||
United Arab Emirates (0.5%) | |||
First Abu Dhabi Bank PJSC | 2,808,350 | 11,196 | |
3 | Abu Dhabi Commercial Bank PJSC | 1,857,060 | 4,554 |
Dubai Electricity & Water Authority PJSC | 5,545,965 | 3,791 | |
Dubai Islamic Bank PJSC | 1,908,429 | 3,284 | |
Aldar Properties PJSC | 2,335,801 | 3,240 | |
Abu Dhabi Islamic Bank PJSC | 927,229 | 2,830 | |
Abu Dhabi National Oil Co. for Distribution PJSC | 1,820,008 | 1,758 | |
Borouge plc | 1,894,211 | 1,232 | |
Air Arabia PJSC | 1,447,955 | 1,173 | |
ADNOC Drilling Co. PJSC | 1,041,519 | 1,040 | |
Dubai Investments PJSC | 1,244,434 | 801 | |
Dana Gas PJSC | 3,582,180 | 720 | |
Fertiglobe plc | 695,004 | 527 | |
36,146 | |||
United Kingdom (12.0%) | |||
Shell plc (XETR) | 4,217,367 | 130,748 | |
HSBC Holdings plc | 12,439,380 | 97,123 | |
Unilever plc (XLON) | 1,601,824 | 77,945 | |
BP plc | 10,642,275 | 62,155 | |
GSK plc | 2,568,274 | 50,795 | |
Rio Tinto plc | 696,088 | 48,183 | |
British American Tobacco plc | 1,420,633 | 41,885 | |
Glencore plc | 7,890,099 | 41,746 | |
National Grid plc | 2,347,807 | 31,271 | |
BAE Systems plc | 1,946,778 | 29,000 |
Shares | Market Value ($000) | ||
Lloyds Banking Group plc | 40,303,455 | 21,605 | |
3i Group plc | 609,415 | 19,078 | |
Anglo American plc | 771,334 | 18,387 | |
Barclays plc | 9,546,505 | 17,741 | |
Tesco plc | 4,506,914 | 16,331 | |
SSE plc | 695,528 | 14,813 | |
Imperial Brands plc | 567,491 | 13,623 | |
Legal & General Group plc | 3,792,502 | 12,198 | |
Vodafone Group plc | 13,949,756 | 11,859 | |
NatWest Group plc | 3,520,808 | 9,936 | |
Aviva plc | 1,744,780 | 9,524 | |
WPP plc | 664,607 | 6,427 | |
Admiral Group plc | 196,149 | 6,237 | |
Smurfit Kappa Group plc | 167,159 | 6,224 | |
Centrica plc | 3,484,645 | 6,098 | |
United Utilities Group plc | 440,103 | 5,928 | |
BT Group plc | 3,999,767 | 5,667 | |
Severn Trent plc | 168,498 | 5,539 | |
Mondi plc | 283,327 | 5,077 | |
DCC plc | 62,719 | 4,560 | |
Barratt Developments plc | 620,199 | 4,227 | |
Taylor Wimpey plc | 2,262,747 | 4,225 | |
Intermediate Capital Group plc | 179,562 | 4,048 | |
Berkeley Group Holdings plc | 66,130 | 4,004 | |
B&M European Value Retail SA | 601,991 | 3,945 | |
M&G plc | 1,391,761 | 3,935 | |
J Sainsbury plc | 1,120,401 | 3,825 | |
Coca-Cola HBC AG | 126,358 | 3,715 | |
Persimmon plc | 201,039 | 3,703 | |
Kingfisher plc | 1,208,234 | 3,359 | |
Phoenix Group Holdings plc | 462,440 | 2,953 | |
DS Smith plc | 819,761 | 2,923 | |
St. James's Place plc | 354,817 | 2,921 | |
Schroders plc | 532,824 | 2,726 | |
Abrdn plc | 1,197,637 | 2,548 | |
Johnson Matthey plc | 117,504 | 2,415 | |
Hargreaves Lansdown plc | 238,498 | 2,301 | |
Endeavour Mining plc | 117,247 | 2,083 | |
ITV plc | 2,461,062 | 1,864 | |
1 | Airtel Africa plc | 708,501 | 1,006 |
*,3 | Evraz plc | 193,110 | — |
890,429 | |||
Total Common Stocks (Cost $6,826,396) | 7,313,413 | ||
Preferred Stocks (1.4%) | |||
Petroleo Brasileiro SA Preference Shares | 3,577,383 | 29,207 | |
Itau Unibanco Holding SA Preference Shares | 2,551,507 | 16,882 | |
Volkswagen AG Preference Shares | 128,011 | 16,464 | |
Banco Bradesco SA Preference Shares | 2,967,817 | 9,195 | |
Itausa SA Preference Shares | 3,039,277 | 6,134 | |
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 86,816 | 3,728 | |
Bayerische Motoren Werke AG Preference Shares | 36,402 | 3,557 | |
Gerdau SA Preference Shares | 681,175 | 2,893 | |
Hyundai Motor Co. Preference Shares | 27,688 | 2,448 | |
Companhia Paranaense de Energia Preference Shares Class B | 842,300 | 1,722 | |
Centrais Eletricas Brasileiras SA Preference Shares Class B | 183,100 | 1,694 | |
Hyundai Motor Co. Preference Shares (XKRX) | 16,835 | 1,488 | |
Cia Energetica de Minas Gerais Preference Shares | 487,671 | 1,134 |
Shares | Market Value ($000) | ||
LG Chem Ltd. Preference Shares | 4,754 | 964 | |
Metalurgica Gerdau SA Preference Shares | 419,900 | 840 | |
Bradespar SA Preference Shares | 160,507 | 738 | |
Embotelladora Andina SA Preference Shares Class B | 269,139 | 686 | |
CTEEP-Cia de Transmissao de Energia Eletrica Paulista. Preference Shares | 117,608 | 608 | |
Usinas Siderurgicas de Minas Gerais SA Usiminas Preference Shares Class A | 285,100 | 529 | |
Samsung Fire & Marine Insurance Co. Ltd. (XKRX) Preference Shares | 2,781 | 399 | |
Grupo Aval Acciones y Valores SA Preference Shares | 2,492,466 | 330 | |
Mirae Asset Securities Co. Ltd. (XKRX) Preference Shares | 111,672 | 312 | |
LG H&H Co. Ltd. Preference Shares | 1,378 | 141 | |
Hanwha Corp. Preference Shares | 11,497 | 120 | |
CJ CheilJedang Corp. Preference Shares | 652 | 63 | |
*,3 | Transneft PJSC Preference Shares | 527 | — |
*,3 | Tatneft PJSC Preference Shares | 51,803 | — |
*,3 | Surgutneftegas PJSC Preference Shares | 2,513,070 | — |
Total Preferred Stocks (Cost $97,749) | 102,276 | ||
Rights (0.0%) | |||
* | ACS Actividades de Construccion y Servicios SA Exp. 2/2/24 | 151,291 | 69 |
* | LG Display Co. Ltd. Exp. 7/3/24 | 47,198 | 56 |
Total Rights (Cost $75) | 125 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
4,5 | Vanguard Market Liquidity Fund, 5.410% (Cost $10,255) | 102,589 | 10,258 |
Total Investments (99.7%) (Cost $6,934,475) | 7,426,072 | ||
Other Assets and Liabilities—Net (0.3%) | 20,848 | ||
Net Assets (100%) | 7,446,920 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2024, the aggregate value was $72,874,000, representing 1.0% of net assets. |
2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $8,133,000. |
3 | Security value determined using significant unobservable inputs. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $9,180,000 was received for securities on loan, of which $8,086,000 is held in Vanguard Market Liquidity Fund and $1,094,000 is held in cash. |
ADR—American Depositary Receipt. | |
GDR—Global Depositary Receipt. | |
NVDR—Non-Voting Depository Receipt. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
FTSE 100 Index | March 2024 | 65 | 6,284 | 14 |
MSCI EAFE Index | March 2024 | 112 | 12,505 | 268 |
MSCI Emerging Markets Index | March 2024 | 146 | 7,160 | (153) |
S&P TSX 60 Index | March 2024 | 21 | 3,970 | 97 |
226 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized Depreciation ($000) | ||||
Counterparty | Receive | Deliver | |||||
State Street Bank & Trust Co. | 3/20/24 | CAD | 4,258 | USD | 3,135 | 34 | — |
UBS AG | 3/20/24 | CAD | 4,258 | USD | 3,134 | 35 | — |
Royal Bank of Canada | 3/20/24 | GBP | 5,606 | USD | 7,042 | 66 | — |
State Street Bank & Trust Co. | 3/20/24 | USD | 1,054 | AUD | 1,602 | 2 | — |
Bank of America, N.A. | 3/20/24 | USD | 3,258 | BRL | 16,334 | — | (23) |
Bank of Montreal | 3/20/24 | USD | 6,457 | CHF | 5,600 | — | (68) |
Bank of Montreal | 3/20/24 | USD | 4,029 | EUR | 3,705 | 17 | — |
Standard Chartered Bank | 3/20/24 | USD | 5,965 | GBP | 4,719 | — | (17) |
Barclays Bank plc | 3/20/24 | USD | 3,804 | HKD | 29,667 | 4 | — |
UBS AG | 3/21/24 | USD | 4,356 | JPY | 624,380 | 79 | — |
State Street Bank & Trust Co. | 3/20/24 | USD | 4,318 | TWD | 134,320 | — | — |
237 | (108) |
AUD—Australian dollar. |
BRL—Brazilian real. |
CAD—Canadian dollar. |
CHF—Swiss franc. |
EUR—euro. |
GBP—British pound. |
HKD—Hong Kong dollar. |
JPY—Japanese yen. |
TWD—Taiwanese dollar. |
USD—U.S. dollar. |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed,
the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
D. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. Risks associated with these types of forward currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an asset (liability).
E. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of January 31, 2024, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—North and South America | 785,961 | 14,080 | — | 800,041 |
Common Stocks—Other | 3,979 | 6,504,839 | 4,554 | 6,513,372 |
Preferred Stocks | 71,906 | 30,370 | — | 102,276 |
Rights | — | 125 | — | 125 |
Temporary Cash Investments | 10,258 | — | — | 10,258 |
Total | 872,104 | 6,549,414 | 4,554 | 7,426,072 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 379 | — | — | 379 |
Forward Currency Contracts | — | 237 | — | 237 |
Total | 379 | 237 | — | 616 |
Liabilities | ||||
Futures Contracts1 | 153 | — | — | 153 |
Forward Currency Contracts | — | 108 | — | 108 |
Total | 153 | 108 | — | 261 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |